davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-11
CURB SHARES FIRM
IN LATE DEALINGS
Afternoon Rally Offsets Re-
suits of Selling During
the Forenoon.
BY JOHN A. cRoNE.
epselal plspatch % rhe star.

Special Dispatch to The star.
NEW YORK, November 11.--A robust
rally got under way near the beginning
of the final hour on the curb market to-
day, lifting many of the pivotal shares
q point or more.
Electric Bond g. Share was up nearly
3 points. Cities Service was up about
a point. Standard Oil of Indiana
American g. Foreign Power and Ameri-
can Superpower all improved on this
upturn.
Starting in the utilities, the rally
spread to the oils, the industrials and
then to investment trusts, taking along
with it many other sections of the list.
In the early afternoon floor traders had
predicted rally on the belief that most
Of the present selling was completed.
The rally caused a hasty retreat on
the part of the bears. They took TO
cover in certain issues where the float
ing supply is small and borrowing diff
ficult, leaving their short lines standing
In such stocks where borrowing, because
of the huge floating supply, is relatively
easy
Although the metal trade expects, or
at least processes to expect, some de-
tailed announcement of the world cur
tatlment plan by copper producers,
Newmont Mining topped to new bottom
levels today.
American Natural Gas was the first
In its division to equal its previous low
level despite the announcement that
for the IL months ended July 81 there
was a balance for dividends of ST87,-
6S5, and the statement that Oklahoma
Natural Gas, a subsidiary, had just
signed contract to supply natural gas
to one of the plants of Oklahoma Gas
q Electric Co.
ADJUSTMENTS were a weak spot in the
industrial list. General Theaters new
common plunged to a fresh low. Fox
Theaters A declined in sympathy with
Fox Film. Technicolor reacted.
Acme Steel featured the industrials
in forenoon trading by registering a.
break of 177s points on the sale Of rs
shares. Aluminium, Ltd, which fell 10
points Monday, was off point on its
initial deal today. Great Atlantic a.
Pacific Tea opened of points, but
later recovered most of the loss.
Seemah Bros. attracted attention in
the miscellaneous food shares by falling
more than 2 points to a new bottom.
General Baking common by fraction
al decline also reached record low
mark.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-11
Brokers' Comment

NEW YORK, November 11.-Digging
back to the precedents of previous bear
markets, brokerage houses find some
signs of hope that the present decline
is nearing bottom. But sentiment in
speculative circles is very confused and
many firms admit that 1t Is impossible
to guess how much further the break
will carry. Some opinions follow:
Otis & Co.--While it is extremely Diff
acult not to be influenced by the prevail
ing pessimism We cannot shake of the
feeling that the market is approaching a
point where the apparently endless de-
cline will be halted at least temporarily.
Tobey & Kirk-we look for further
trregularity, but indications suggest that
the market will shortly present more
favorable appearance.
Shields & Co.-The action of the mar
ket itself is the most bearish factor of
the moment. The constant drip of lioui-
dalton without sign Of aggressive sup
port In any of the recognized pivotal
issues Is steadily wearing down the
stamina of both trader and investor
with the result that each days decline
following days offerings.
Hornblower q. Weeks-From the point
of view of volume the market seems to
have pretty well completed the current
selling climax.
Stein Bros. & Boyce-Just how much
longer the decline will continue is i'm
possible to tell as the breaking of the
market into new low ground impairs
new accounts each day and brings fur
Their liquidation.
Redmond e. Co.-While positive indi-
cations of a definite bottom are still
lacking, precedent, at least. would
Justify sharp technical rally at this
time. The risk of trying for such a
turn should only be taken by those
able to Withstand a further sharp re-
action II necessary. Investors who are
in a position to buy for cash should
be able to pick up some excellent bar
gains through judicious scale-down
buying during the next two weeks.
Jackson Bros, Boesel & Co.-Every
indication points to the conclusion that
scattered liquidation of necessitous
character emanating from banks all
over the country and that it represents
the liquidation of collateral loans. We
cannot escape the conviction that some
organized procedure must have been set
in motion to bring about this kind of
INCUBATION. The collateral loan account
OF member banks has shown steady
weekly decreases ever since the per-
sonnet of the Federal Reserve system
was changed, about three months ago
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-11
UNIT POOL METHOD
URGED IN OIL TRADE
Necessity for Curtailing Produc-
ton May Cause New Opera
ton Policy.
BY OWEN L. SCOTT.
.iai Dispatch to The star.

special Dispatch to The Star
CHICAGO, November 1.-THE oil In
dustry, represented here at the eleventh
annual meeting of the American Pc
troleum Institute, would welcome a
modern John d. Rockefeller to led II
out Of the economic wilderness.
Not since the senior John d. invented
the modern trust to meet the growing
problems of booming and hectic new
business in petroleum products has oil
presented so many problems They are
not lodged by the industry's leaders,
but thus far no one has appeared with
the genius of leadership displayed by
the founder Of the Standard Oils.
Necessity may turn out to be the
leader at the present gathering, and
unit operation of oil pools the method
for working out the answer to more
pressing production problems. Already
Henry l.. Doherty, veteran oil man.
long an exponent of conservation, has
advised the representatives of leading
companies that, unless a more compre-
hensive solution to overproduction prob
lens than any yet applied is devised
he will petition the United States At
torney General and Congress for a
thorough-going investigation Of the en-
tire industry.
At the same time E. B. Reeser, presi-
dent of the institute, in his address to-
day, advised the oil man that, in his
opinion, unit operation of oil pools sup
piled the permanent solution of the In
dustry's problems. The present method
of conservation, with competitive drill
ing and shut-in production, increases
costs and involves waste.
The Federal Oil Conservation Board
has urged utilization of pools-the APP
plication of scientific non-competitive
drilling, and apportionment Of produc-
ton among the several owners on the
basis of their holdings as the solution.
The method is being applied by the
Federal Government on its holdings IN
the Kettleman Hills Field in California
and in several private fields.
Copyright. 1907
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-11
SHARP DROP IN OIL
PRODUCTION SHOWN
Daily Average Output During Past
Week Declined 43,323
Barrels.
BY the Associated press.

BY the Associated Press.
TULSA, Okla. November lime
countrys production Of crude oil
dropped sharply in the week ended No
yenlber 8, continuing the downward
movement that has been in progress 1or
several weeks. The daily average pro-
duction, as estimated by the Oil and
Gas Journal, was 2,315,88l barrels, a.
323 less than the preceding weeks f1g-
ureS
Oklahoma, with decline of 34,9S5
barrels was the pace setter. The drop,
for which the Oklahoma City field was
largely responsible, carried Oklahoma's
output to 489, 050 barrels, the lowest
level in four years. ,
Southwest Texas, heavy oil area,
contributed 1882 barrels OF the coun.
try's decline, It's production being placed
at lO3, 236 barrels. OF the total decrease,
23. 6o7 barrels. was in light gravity oil
and 1915 barrels in heavy gravity OIL.
The total production of the Midcon-
tinent area was l,217,77l barrels, a de-
crease of 28. 1872.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-11
TRANSACTIONS ON THE NEW YORK CURB MARKET

Note-An stocks sold in hundred-share lots
excepting those designated by the letter (8Os) (250s)
which shows those stocks 70 be sold IN odd lots only
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-11
BONDS
BY inc AssOcIaIeu FFtsss
From Yesterdays $50 Edition.

Copyright 1880 standard Statistics Co.,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-11
Preferred Stocks
BY GEORGE T. HUGHES.
American Radiator & Standard SAM
taFV.

/. studies in preferred stocks by MT
A ashss for the beneft q his readers;
the stocks discussed and giyes facEs
about the corporations behind the securi-
the analytical process, certain securities
Of high grade being used Tor the mus
tration)
The number OF shares outstanding is
one important factor in appraislng the
investment rating of preferred stock
If the senior capitalization Is small IN
comparison with the common the
former may be a high-grade security
although the latter Is more or less
speculative. The preferred stock OF
American Radiator & Standard SAM
tary Corporation illustrates this point
1t is per cent cumulative, of 500 par,
and outstanding to the amount OF only
S4.747. 400, or 47,474 shares Following
this almost negligible amount of prefer
red is a no-par common OF 10,154,677
shares.
The company was formed last year
to acquire the stock of the old American
Radiator Co. and of the Standard SAM
tary Manufacturing Co. it is one OF
the leaders in its field, that OF the
building industry In common with
other large corporations, earnings have
been affected by the present business
depression, but in 1929 net income of
the holding company was equivalent to
$421. ga a share on the preferred stock.
In other words, earnings were more than
four times the par value of the senior
stock. This extraordinary margin of
safety is reflected in the market price
for the stock, which shows a yield OF
less than per cent.
The preferred is redeemable, in whole
or in part, at the unusually high p~, ce
of SITS a share, which, obviously, is no
bar to appreciation in the market quo
tation. On the other hand, it has no
voting power and the holders thereof
are not entitled as matter of right to
subscribe for or purchase any additional
issue of stock or securities convertible
into stock.
There Is a bond issue ahead of the
preferred, but it sells on yield basis
of around 4.6 per cent which is a teSti-
mony to its high standing. These bonds
are unsecured debentureS carrying a 41ks
per cent coupon maturing in 1947 and
outstanding to the amount of $4,000
900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-11
POTATO MARKET.

CHICAGO. November IL (4) UNITED
states Department of Agricultural -
Potatoes-Receipts. 90 cars; en- track,
430; total United States shipments, 653
steady; trading fair: sacked per cwt.,
round whites, Wisconsin, I.55a1 80;
Minnesota, North Dakota. best. .5Oa
l.60;. ordinary, 1.35a1 40; Idaho Rus
sets. No. /, 1.90a2 90; No. 2, 1.5Oa1 so /:
Colorado McClures, branded, 1.9Oa2. 90.
No butter or egg market today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-11
NEW YORK COTTON

NEW YORK, November II (SpeciaI)
Cotton prices were to 6 points lower
at the opening of the market today,
While there was tendency to cover
among shorts on the firmer tone In
other speculative markets. there was
still suficient selling from the South
and by local professionals in all posi-
tons to absorb the buying and depress
Opening prices we're: December. old
lO.T2, on 4; December, new, 1912. off
Sc January, new. 1896, of S; March.
Ills, of 5; May, 1877, off 6: july,
da;S7' on 2, and October, new. 11.76,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-11
METAL MARKET.

NEW YORK. November II CP.-
Copper Quiet; electrolytic spot and
future, 91a. Iron, quiet, unchanged.
Tin, easy; spot and nearby, 25.25; flu
ture, $3.50 Lead. steady; spot New
York, $40; East St Louis, 495. Zinc,
4-37. Anthony, 700a7l0. Quicksilver,
10000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-11

The Kings famous grape vine, TO
years old, near Windsor Park, England,
is bearing this season more than l 1000
punches, some of which weigh nearly 3
hounds
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-11

More than $1,000 people have visited
the Scottish National Memorial to Da-
yid Livingstone. the explorer, at Blan-
Ire since II was opened year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-11
NEW YORK BANK STOCKS

~ new YORK, November IL CP) R,d
a Mn asked prices on stocks of eas5i,o
I co,,s, YORK national banks and tr,Isi
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-11
National Banks.
Trust Companles.

Motor cycles and light auto trucks
f1tted with radio are being used by
Paris police in the pursuit of criminals.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-08-01
August First!

oh let the sickening smell come
out
Spread the facts of the system
about!
Away with the mask the bosses
have shown
Let the lies of the traitors be
known.
Our greedy masters, the bloody
knaves
Who hire forwards to kill their
slaves
Deny the millions who should be
fed
And feed us bullets in place of
bread.
Arise fellow-workers of America,
UNITE!
Let us STRIKE with our MIGHT
for the RIGHT
And lead the toiling masses to
FIGHT!
Are W" not strong who WELD all
the tools?
Then to hell with the Justice
pleading foolsl
Let us lay down our tools on the
workers RED DAY
And shout REVOLUTION while
the ThOmasses pray!
DAVE HOROWITZ.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-08-01
FORCE FARMERS
TO Sell COWS
Milk Trust and State
Rob Poor Farmers
Pottstown, Pa.

4OIISIU"us L d.
Daily Worker:
The farmers in and around Potts
town, Pa, are feeling the pressure
of the capitalist state and scores of
them are having their cows taken
away with no compensation due to
thu fact that the large capitalist
milk trust is selling whole milk at
90 to "a cents a quart yet they pay
these poor farmers but cents a
quart. And the farmers must haul
and chill the milk. Yet this is not
enough for these blood sucking
capitalist parasites,
They have an over supply of
milk and the large millionaire dairy
owners have pushed through a law
which forces the small poor farmer
to have his cows examined and
tested for T. B. The law states
that such cows should be destroyed
and farmers are to be compensated
at the rate of $500 per COW. But
the ~ m st wait years for the
money and being poor is forced to
sell the cattle to the slaughter
houses and get what he can in. Then
these so-called TB cows are turned
into sausages and meats.
Joe Gralick.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-08-01

fus workers being cut off from our
obs. The TU.U.L. organizers have
been to see us and called a meeting
with a good response but they do
not come back to speed up their
work as they should in order to in
spire confidence in the workers.
Company Spies Around
At the Standard in Whiting we
are told the company stool pigeons
have informed the bosses that reds
are prepared to break into the plant
August LIST and demand employment.
In view of these -eports the bosses
have taken every means possible to
defend the plant and well they may
for workers are starving and they
are just about ready for trouble.
They are going to stand just so
much and no more. Guns and am
munition is said to be stored in the
plant and ready for use by trained
ex-soldiers, members of the Ameri-
can Legion.
I'm wondering just how many of
these American Legion men smelIed
powder on the firing lines during
the last war.
Pm here to say not one of them
did or they would not be in line
with the capitalistic bosses plan to-
day for another bloody war.
T.U.U.L. Breaking Ground
The T.U.U.L. is making good
Roadway at the New Empire Oil
plant which has opened at East Chi
cago. This plant has hired num-
Der of oil workers from other plants
notwithstanding reports to the eff
feet that this company expected to
bring its skilled men from other
plants.
We have a weekly meeting for
T.U.U.L. members an( what we need
is more support from our district or
ganizers. Please print this in the
Daily Worker.
EMPIRE OIL WORKER.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-08-01
The Whalem Forgerles Are Exposed!

Continued from Page Three)
that if this attempt to bride were not a late
afterthought, Djamgaroff would certainly have
told it to the editor and publisher of the
Graphic.
Bribery Charge Fake.
I also want to call your attention to strange
fact. Djamgaroff's statement which was read
to you by Mr.. Whalen is dated May 10, 1880,
the day after the Graphic broke the first story
of the forged documents. Djamgaroff saw
Swain and Weyrauch and Pape a week after
the stories appeared Yet, at no time was any
mention made of the attempted bribery which
is contained in statement ostensibly made on
May Is. This committee can draw its own
conclusions from that.
/ might also add that all of the conversation
that occurred between Messrs. Weyrauch, Cohen,
Swain and Names was taken down by Wey-
rauch in the presence of witnesses present in
the event this committee should want that
testimony.
/ shall now return to a little earlier in the
story, namely to the time when learned that
Easley had shown the documents to Huge
Kerwin and that mediary had offered them
for sale to Koran of Universal Service. Swain
had told me to get to the bottom of the whole
thing, and dug around in an effort to do so
and learn what was back of these forged
documents.
learned that this congressional commit
tee before / have the honor to testify, owes
its existence to the shrewd Vaccinations of
Russian monarchists and Russian monarchist
sympathizers, apparently actuated by de-
sire to iniure the ~oviet Government.
! want to say here that l have no interest
in the Soviet government. l am now making
a report as newspaper man who was told
to get to the bottom Of story that he was
assigned to cover.
Easley Associated with Monarchists.
Since Mr.. Easley had had the documents six
weeks before Mr.. Whalen had published them
and since they had been offered for sale about
the same time, and then had been sprung
right after tremendously publicized May Day
demonstration by Mr.. Wha!en, the whole
thing took on a phoney appearance.
dug around on Easley, and learned that
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-08-01

when, in his splendid challenge of August
20 to the Communists Mr.. Matthew Vol
points out that the Soviet government of
Russia is sending its money to India to fl
nance Communist activities he is describing
condition of affairs which every other civil
lied government in the world would deal
with most summarily. The only way to rem
edy - disturbing situation is for Congress
to make specific appropriation which will
enable the Department of Justice to keep
itself informed with respect to the activities
of these destructive elements"
On March 4, 1880, Matthew Woll, vice presi-
dent of the National Civic Federation predicted
Congressional investigation into Red activi-
ties. For long time both Easley and Woll
were trying to get Congressional investiga-
ton but they had nothing with which to appear
before Congress to ask for an appropriation
for such an investigation Yet, on March 4,
1880, which is about the time the forged docu-
ments were offered for sale to Koran of the
Universal and were shown by Easley to Hugh
Kerwin of the Dept. of Labor, we find the vice.
president of the National Civic Federation con-
fidently predicting a Congressional investiga-
ton.
In an A. F. of L. news dispatch dated March
20, 1880, find the following: Congressman
Fish IN his House resolution 1870 said,
"E..reas Matthew wol, acting president
of the National Civic Federation and vice
president of the A. F. of L. has stated pub
licly that he has reason to believe that the
Amtorg, Russian-American trading corp.
with headquarters in New York is the .sency
for s.)versive Communist propaganda and
insidious red" activities directed against our
form of government" etc.
thus found in digging around that shortly
after Easley appeared in Washington with the
forged documents later released to the press
by Whalen that Matthew Woll stated that he
had reason to believe Amtorg is carrying on
subversive propaganda. The conclusion is OBJ
vious 1t was on the strength of these forged
documents that the Congress of the United
States was finally persuaded to giving Mr.
Easley and Mr.. Wol Of the National Civic Fed
GRAFTON that investigation which they had been
trying to get for SO many years.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-08-01

S. .helbyville, iii.
Editor, of the Daily Worker,
Dear Comrade:
Here are three sad news items
from the Decatur Herald, of July
%.
From Geneva, iii. by United
Press:
Heat, that shot the mercury
above 100, drove Mrs. Charles
Anderson to murder her husband
and the 18-year-old son and set
fire to their heavily mortgaged
farm home and then took her own
life, Sheriff l.. L. Urch said Mon
day as he reconstructed the rural
tragedy.
Sheriff Urch said after a pre-.
liminary examination of the home
which was damaged only slightly
by the fire that he believed that
the Andersons' were hard pressed
for money. The 40 acre farm was
heavily mortgaged and the sheriff
said he had called several times
to collect old debts.
He advanced the theory that
worry coupled with the excessive
heat of the last few days drove
Mrs. Anderson insane.
From Sullivan, Ill.
Despondent over his inability
to find work Arthur Pence, SIS,
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-08-01
NEVADA SILVER MINES
CLOSE DOWN

TONAPAH, Nevada.-The 10
price of silver has caused all tt
southern Nevada silver mines I
discontinue operations. There
but one exception. That of tt
Tonapah Extension which, becaus
of the amount of gold running j
the silver ore, makes it's operatio
profitable to the bosses. The wage
of miners have been sIashed.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-08-01
YONKERS UNEMPLOYED
BECOMING MILITANT
Daily Worker,
Dear Comrade:


Dear Comrade:
Yonkers, N. Y, has a population
of 125,000. Many factories here are
shut down. A carpet factory en-
ploying 5000 workers runs only two
days week. The streets are crowd
ed with hungry, jobless workers.
The town is full of American Fed
GRAFTON of Labor takers, American
Legion boosters, and patrioteers of
the Veterans of Foreign Wars.
Whenever a job does show up a
worker cannot get it unless he has
fine "shinola" tongue and will lick
the boots of the bosses and the
above organizations.
The mayor of Yonkers is an ex-
district attorney of New York City.
A sum of $4,000 was spent to get
him elected to a $4,000 a year job.
The mayor will give no permits to
working class speakers and has al
ready said that mo Communist
meetings will be held in Yonkers."
During recent construction job the
city brought workers in from the
outside while thousands of local
jobless men were walking the
streets.
Workers here are waking up. They
are stripping themselves of all the
capitalist illusions, American individ-
ualism and white chauvinism. Yon-
kers is on the rocks and the workers
are up against the real thing. The
workers are meeting in the alleys
and corners. They are talking. What
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-08-01
Packing House
JObless Grow
in Omaha, Neb.
South Omaha. Neb.

South Omaha, Neb.
The Daily Worker:
So Omaha is having its fair
share of prosperity in the way of
unemployment at the present time.
Every morning there are hundreds
at the packing houses looking for
Jobs, most of those are workers
who have been laid off and hope
to get back again.
Peonle do not seem to be able
to afford to eat much meat at
present so their services are not
required.
Some bosses are having their
homes supplied with home brew.
wine and the best grade of hootCh
by the steady workers. An enter
prising hiring boss at one of the
plants is carrying on a loan shark
business as side line, at ten
per cent rate. 1t is a bad wind
that blows nobody good, you know
All "hoboes" caught are being
jailed and run out of town. This
is probably a precautionary meas
ure as the number is expected to
increase with the coming of Win
ter; SO the number of iobless must
be kept as low as possible to save
expense to the tax payers. A case
Of true bourgeois foresight, you
know.
Sincerely yours,
A Packing House Wage Slave.