davidaulloa/AmericanStories huggingface dataset:
The border vidette., 1930-12-13
STOCKHOLDERS MEETING

The annual meeting of the
Stockholders of The First Ma
tional Bank of Nogales will be
held at the banking rooms in
Nogales, Arizona, on Tuesday,
the 18th day of January. 1881,
at 800 o'clock P. M. for the
election of Directors and any
other business that may properly
come before this meeting.
OTTO Fl. HEROLD,
12-135t President.
The border vidette., 1930-12-13
NERvIDEEN CREAM OINTMENT

Do you suffer from Rheuma-
tism, Neuralgia, Neurisis, High
Blood Pressure, Hay Fever, I'm
pure Blood. Goiter. or other
ailments? Nervideen Ointment
assists nature 10 restoring your
vitality; relief from suffering;
and promotes refreshing sleep.
s. per jar, 8 jars for SIS 90 post
paid. Mail orders filed in plain
wrappers. Call or write for free
literature.
The Nervideen Laboratory Co,
409-10 Abdou Building, Ill N
Mesa Avenue, El Paso, Texas
Adv.
The border vidette., 1930-12-13

committee on unemployment,
headed by DR.. John T. Finn OF
Prescott, but continuation Of
the general Keep Your Money
in Arizona" effort that has been
a material factor in the states
growth of the past several years
Trade at Home-Use Arizona
Products" obviously is one OF
the best insurances of stability
in any community. The busi-
ness done in any town provides
a large part of that towns pay.
rolls. employment and earning
and purchasing power. Every
person in business in Arizona or
making living in Arizona is
vitally concerned with the fnan
cial welfare of bis neiRhbors. for
each individual can contribute to
community prosperity and hence
to his own, by keeping all possi
BILE expenditures in the home
locality.
The same principle applies to
the slogan Employ Arizona
Labor" Business, and the mar
keting of agricultural, industrial
or wholesale products, depends
on purchasing power which is
nothing more nor less than
the collective earning poper of
individual residents. Every per
son employing labor 10 any form
whether for odd jobs or highly
technical pursuits, can add to
bis community's prosperity by
giving preference to local citi
zens in every form of work.
This is particularly true at this
time, when Arizona's climate and
conditions else where have led
large numbers Of transits to this
state to compete with Arizona
taxpayers who are entitled to
first consideration.
Besides these permanent poll
cies which should be followed
throughout the year, organiza
tions sponsoring the movement
are urging that Arizona citizens
join in a widespread campaign
to create new jobs to eliminate
unemployment at this time. Re
pairing and repainting all kinds
of property, cleaning up and be.
autifying grounds, anticipating
improvements on residential or
business structures. redecorat
ing and refurnishing. remodel
ing and alterations of any kind
all these are forms Of work that
are almost always needed, and
which in the aggregate could
provide a tremendous volume of
temporary employment.
Chambers of Commerce and
the Industrial Congress are ap
pealing TO property owners.
householders and business men
generally to undertake all of
their minor jobs of this kind at
once. There is probably not a
building ia the state that would
not be improved by little work
which can be done now at an &C.
tual saving in material costs,
while universally-followed
program Of this sort would pro
vide many weeks employment
for several thousand men.
Build Now" also is being urg
ed as o valuable help to business
and employment every where.
Building material prices are
lower than for several years,
and those who build now can eff
feet a considerable saving in
construction costs. Business
houses and banks could we'll af.
ford to encourage their emp
loyes to build homes, while
firms themselves could speed up
their next years expansions or
changes, as one form of contri
button to state prosperity.
The border vidette., 1930-12-13
DECEMBER 1S, 1880
LOCAL ITEMS.

L. B. Fleischer has returned
from a business trip to Tucson
The EIks Lodge will give 9
Christmas charity dance on the
night of Wednesday, December
II at the Elks hall in Grand Ave
Wm. T. Roath of Elgin. sup
ervisor- elect. was county sea!
visitor Wednesday accompanied
by his wife.
The regular weekly meeting oi
the Knights of Pythias lodge
was held Wednesday night al
Castle ball. The attendance
was good.
Nose Drachman of Tucson
was business visitor in Nogales
Wednesday He is receiver OF
the Public Utilities Consolidated
Corporation of Arizona.
City Engineer George S. Cow
derry, Jr., and family, are ex.
pected to return to NoRales to
morrow following several months
visit with relatives in Colorado.
81. e. Evans, we'll known mer
chant of Patagonia. and Frank
Reichert, newly elected Justice
of the Peace at Patagonia, we're
business visitors here Wednes
day.
Guillermo Mascarenas has re
turned from q visit to the Santa
Barbara and Buenavista ranches
in Sonora owned by bis father,
Don Manuel Mascarenas, who is
sojourning California.
State Representative-elect E
F. Bohlinger was q Nogales Wis
itor yesterday from Patagonia.
He will ably represent Santa
Cruz county ia the next state
legislature in Phoenix.
Mr.. and Mrs. Francis Duffy
of Phoenix will spend Christmas
at the pleasant home of Mr..
Duffy's parents. Judge and Mrs.
Frank J. Duffy, on the Nogales
Patagonia road. !,
DR.. Mile A. Wilston left Sun
day for the coast on an extended
business trip. She will be ab
sent from the city for about six
weeks and will take post gradu
ate work in Los Angeles.
The iufant son born to Mr.. and
Mrs. Gus r. Michaels Sunday
night, died Monday afternoon at
2:3O o'clock and was buried Tues
day ia the Nogales cemetery.
The bereaved mother is reported
recovering.
Mr.. and Mrs. Hal Chase are
spending the winter in Nogales,
where the former famous big
league baseball player, has many
friends and admirers. who re
member him when be was the
premier first baseman in the
world.
The Nogales E ks Lodge as
usual, will present baskets to
the poor and needy on Christ
mas. These baskets. containing
food and clothing. will be pur
chased from funds raised thru
personal donations by members
of the lodge.
Attorney and Mrs. Leslie G.
Hardy and lovely little daughter,
Dorothy Ann, will come from
Los Angeles to spend the holi.
days at the home of Mr.. Hardy g
parents, Judge and Mrs Charles
E. Hardy. Attorney Hardy is
a member of the we'll known
local law firm of Hardy & Hardy.
Dave O. Wilkey was elected
secretary of the Nogales Lodge
of Elks at the regular meeting
Tuesday night to succeed Victor
J. Wager, Sheriff Elect. who re
signed IS secretary. There were
two candidates for the Office
Wilkey and E. Blake Sharpe.
| Attorney Duane Bird and
mother, Mrs. Allen T. Bird, re.
turned Sunday from Santa Mon
ica, California, where they at
tended the funeral of Col. Allen
T. Bird. pioneer Nogales news
paperman. Among other Ari
zona relatives at the funeral were
Mr.. and Mrs. Tracy Bird OF
Yuma. former we'll known resi-
dents of Nogales.
The Senior Guild of the ST.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-25
RAILROADS DERIVE BENEFITS
FROM ''F1IDDEN EQUITY ASSETS

for many years and have helped the
Pennsylvania Railroad also to main
tain liberal dividend policy. Recently
other subsidiaries of the Pennsylvania
that for a long time had not produced
income to the holding company have
been found able to add their portion
to the "other income" of the latter
and assist 1t in maintaining its present
return to its shareholders.
The Union Pacific for many years
has had a large return on its invest
mentS which were purchased during
the reign of E. H. Hartman and sup
piled very considerable percentage of
the total income applicable to common
stock dividends. The most profitable
Of these investments has been the New
York Central. BY subscribing to the
various new issues of stock on which
dividends have been increased from SIS
a share to So share in recent years
the Union Pacific has established an
equity in an outside property that is
a strong backlog whenever It's own
operating revenues decline.
Third System Benefits.
The New York Central is a third sys-
tenn that has been able to draw on its
subsidiaries from time to time when
IL WlSneo 10 make q more liberal dis
tribution to its own shareholders. It
has several properties that are classed
as gold mines" from the standpoint of
their individual earnings, including the
Pittsburgh &c Lake Erie and the Michi-
gan Central. The latter is now paying
a dividend Of 40 per cent into the New
York Central treasury and two years
ago paid a 100 per cent cash extra.
The investment Of the Baltimore &
Ohio in the Reading. which was made
years ago, has built up not only a
strong income producer for it, but a
traffic ally of the first rank. Baltimore
& Ohio has, however, increased its own
dividend without asking for a larger
share in the profits Of the Reading
than it had been getting. In the event
that the proposed consolidation plan
goes through it is quite probable that
Reading would pay a higher return to
the Baltimore & Ohio than in the past.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-25
UPTURN IN BUSINESS
IS SEEN IN CANADA
Present Recession Expected to Be
Brief-Activity Above
Three. Year Level.
Special Dispatch to The star.

MONTREAL, January 25.--Although
the wheels of industry in Canada have
not turned quite as actively as at this
period last year, business and banking
leaders of the country are confident
that the recession will be brief and
that the upturn will begin in the not
distant future, according to the monthly
business summary of the Bank Of
Montreal. 1t is pointed out that the
current level of business has seldom
been exceeded, and that 1t remains
much above the level OF two or three
years ago.
The main reasons for believing that
recovery in business 1t not far distant
are that federal and provincial gov.
ernments have prepared programs OF
large expenditures on public works,
railway executives will proceed with
construction of branch lines and gen.
eral bettermentS, important water
power projects will be carried out, min
ing development promises to be carried
on with undated vigor, and building
operations will be extensive even II
below the high record of 1929.
Speaking of unemployment and gen.
eral business conditions, the bank says:
THE unemployment situation is far re-
moved from the distress point, being
confined to q few larger cities, where
idle labor congregates. Oficial figures
report 7,197 firms employing 1,038,880
persons on December /, or 10000 more
than at the corresponding date in 1928,
and throughout the year recently ended
employment was at a higher level than
ever before. Construction. manufac-
turing, mining, logging, services and
distributing trades have had for many
months and still have, large wage rolls,
and to these agencies Of employment no
serious check has been given.
Building permits issued in Deem
Der we're only 80 per cent less in value
than in the corresponding period Of
the preceding year, and enough projects
are under way to insure continued ac-
tivity in construction and allied trades,
while major industries, such as mining,
news print, iron and steel, well MAINTAIN
output. The motor car industry, quies-
cent during recent months, Is gradually
increasing In activities"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-25
DISCOUNTS RESULTS
I OF BREAK IN STOCKS
National Income May Not Be
Affected, Says the Girard
Trust Co.

The beginning of each year unfafl-
ingly brings a deluge of business fore
casts. Unfortunately, events do not al
ways bear out the prophecies of the
forecasters and business men are prone
to look with a certain amount of dis
trust on predictions of coming business
TRENDS.
Yet every business man, says the
Girard Trust Co. of Philadelphia,
whether or not he approves of the
forecasts Of others, Is compelled to
make one of his own when he lays his
plans for the year. Every merchant,
investor or manufacturer in making his
commitments does so on the basis of
what he expects the year to bring
forth.
While hesitating to say that the busi-
ness trends Of 1880 will be thus and so,
would it not be worth while for each
Of US to make survey Of the financial
and business conditions Of the Nation
(ooth physical and psychological) with
a view of determining whether an opti-
mistic view Of the future or the reverse
is justifled2
Undoubtedly, the most spectacular
development Of 1929 was the stock
market disaster Of the late Autumn.
But are we justified in considering this
as an evil with no elements Of benefit
to the Nations buSinessa Many tndt-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-25
AID FOR INVESTOR
URGED BY EXPERT
Thomas T. Hoyne Says Pub
lie Ownership Of Stocks
Should Be Encouraged.
Special Dispatch to The Star.

Special Dispatch to The Star.
DETROIT. January 25.-The small
investor and Spectator is the founda-
ton Of Americas economic progress and
should be given every encouragement,
the members of the Detroit Stock Elk
change were told by Thomas Temple
Hoyne, nationally known as the econ
omist and financial writer.
Mr.. Hoyne indicated that 1t was only
justice that the people whose labor had
built up American industries now should
become part owners and added that
there can be no finer and surer guar
ture of the United States than their
willingness and eagerness to do So"
Sees End Of Panic.
Several recommendations were made
by Mr.. Hoyne, who was the speaker at
the annual dinner of the Detroit Stock
Exchange, to encourage this growing
tendency Of the small investor and
Spectator. He said that the high
priced or blue chip" stocks would be
split up into constantly smaller units
and urged that the Federal Reserve
Board amend its rules to permit dis
counting Of securities loans in order to
make stocks and municipal securities
more attractive.
Take care of the small investor and
speculator," he said. Give him every
assistance and advantage possible.
THE average intelligence of the pub
lie IN financial affairs is continually
rising and the day will come when such
panic as we had last Fall will be Inn
possible unless 1t Is founded on some
q tSakn
tional disaster.
TO deride small investor or a
Spectator who has lost money in the
stock market is hangover Of arro-
CANT stupidity from the DAYS when
finance was supposed to be mysterious,
esoteric, exclusive. Today ridicule of
any man who has lost money In the
market because his original capital was
small or because his experience IN
financial matters was still restricted, Is
not only bad taste; 1t is unjust.
The time may be coming when
shares of the so-called blue chip" corr
porations will be split up so that each
new share will have value of only q
few dollars and thus be within reach
OF outright ownership by the smallest
investor. Millions and millions of
shares would then in all probability
fluctuate little from year to year. They
would oner opportunity for saving
money by investment that might prove
far more attractive than a savings
bank.
Suggests Change in Law.
1.-THE Federal Reserve act should be
amended to make It possible to redis-
count loans on State and municipal
bonds up to 80 per cent Of their value
and on stocks listed on exchanges IN
any city of more than 100000 popula-
ton, up to so per cent of their market
value.
Such amendment would accomplish
two important results. It would make
State and city financing easier to ac-
complish without locking up, even tenn
porarily, vast sums of frozen credit.
Stocks listed on big exchanges would be
made more liquid to the advantage of
their owners. Thus in times of de-
preston, excessively frenzied selling In
the stock market would not take place.
Prices would not be driven down
through sheer weight Of offerings.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-25
END OF BUSINESS
RECESSION IS SEEN
Gage P. Wright Points to Re-
cent Increased Activity
in Steel Industry.

A better defined sentiment is observ-
able to the effect that the worst Of the
current intermediate recession in gen.
eral business is nearer a thing Of the
past, and that gradual improvement
may now be expected, according to
Gage P. Wright, New York economist
and president of the Business Economic
Digest.
Although this attitude does not JUS
tify undue optimism" continues Mr..
Wright, st does represent a certain
amount of tangible evidence that some
psychological relief has taken place.
The change possibly acquires some exc
aggerated prominence on account of
the contrast with complete results of
December, which showed more dras-
tic decline in business as whole than
had been anticipated.
1.-THE increased activity in the steel
industry just now Is at least encourag-
ing and constitutes one OF the signs
that decided betterment may be fairly
imminent. Unified orders of the United
States Steel Corporation have increased
and the fact that steel and iron scrap
prices have strengthened recently is
considered Of more than passing i'm
portance. The railroads are contribute
ing a major amount Of stimulation for
steel production.
Automobile Industry.
"The automobile industry affords in
dications of generally increasing pro-
duction, although 1t is yet too early to
accord to this quarter definite quick
ening influence for general business.
New models and innovations in the
latest products of motor car nlanufac-
turers appear thoroughly provocative
of a good buying demand, and 1t is
believed that purchasing will be IN sat-
isfactory volume as the year progresses,
although on q lessened scale than last
year.
Bearing upon the subject Of credit,
almost all indications are for relative
ease In money rates for some time
ahead. The gold export movement has
diminished to negligible proportions,
which, with the further lowering OF
some European bank rates, would lead
to the conclusion that practically
worldwide favorable credit situation
promises to exist. Such condition
tends to stimulate business in countries
abroad, with greater demand for United
States products as result.
Buying Power.
"a rather unfavorable aspect per-
vades employment and pay rolls, speak
ing broadly, and, although some I'M
provement would be brought about as
the automobile factories took on q SUP
stantially greater amount of help, the
extent of the inroads already made
upon purchasing power through unem-
pioyment is not easily measurable. IL
can be fairly certainly expected, how
ever, that until the full scale to which
the stock market decline impaired con-
sIIYnptiye power is revealed, buying
power is likely to be somewhat of an
unknown quality and be reflected IN
spotty buying of merchandise for OUT
let through retail trade channels.
"Our weighted average OF authorl-
ties opinions continues to indicate that
the current recession in general busi-
ness will not exceed an intermediate
movement, which will probably terml-
nate by Spring"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-25
ADVANCE ON CURB
FEATURED BY OILS
Group Reverses Its Recent
Trend on Reports of Cur
taiIment Plan.
BY JOHN A. CRoNE.

I Special Dispatch to The Star.
NEW YORK, January 25.-Oils nosed
utilities out of the spotlight in today's
active and strong curb market Re-
sisting realizing, oil stocks reversed
their recent irregular trend following
Houston dispatches indicating oil lead
ers had reached an agreement that
would prove beneficial to the trade.
Advances were made by oil, natural
gas and pipe line securities, some of
which long have been oversold market
wise. United Gas at one time was up
more than 8 points and Houston Gulf
Gas, subsidiary, also gained.
Other Gains.
|, Missouri-Kansas Pipe Line, National
Transit, Humble, Standard Oil of In
diana, Ohio Oil, Standard OIL of Ken
lucky, Cities Service and Indian Ter
Tttory Illuminating shared in the adj
vance. Not all of the gains were main
tanned to the close.
United Gas Improvement will acquire
64,009 shares of Midland Utilities COM
Public Utilities. Electric Bond &
Share was active, resisting realizing.
The suit of De Forest Radio against
ken-Rad Lamp Tube, involving patents,
caused some selling of both stocks.
Croker Wheeler Electric Manufactur-
i. ing opened slightly higher as result Of
its favorable earnings report.
Anglo-American Oil Co., Ltd, whose
certificates of deposit are being ex-
changed at the rate of 5 So shares for
zone share of per cent non-voting pre-
ferred Standard Oil Export Corpora
ton, came out in several large blocks.
This exchange offer expires January 81.
Great Atlantic & Pacific Tea, after
opening up points, lost aga following
news of coffee price cuts. Deere & Co.
opened up points, and other imple-
ment shares were higher, indicating the
better trade outlook for that industry
A. o. Smith Corporation opened up
points at 1404.
Radio Secur ties.
United Car Fastener rose fractionally
and United States Tn Foil was active
as 1t advanced. Pilot Radio Tube was
the most in demand among Radio Man
ufacturing securities, as result of ex-
pansion plans, and Canadian Marconi
led the communications.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-25
DUKE POWER FIRM
TO DOUBLE CAPACITY
North Carolina Headquarters An
nounces Plan for Important
Expansion.
special pispatch to rhs Star.


CHARLOTTE, N. c., January as
With the proceeds of last Summers
financing, the Duke Power Co., with
headquarters at Charlotte, N. c., is
planning a program of development
which ultimately will result In practi-
cally doubling the company's capacity.
Industrial growth in the Piedmont
Carolinas, served by the Duke Power
Co., has been phenomenal in recent
years, many textile and other mills
moving to that territory to obtain adj
vantage of labor conditions, more favor
able climate and cheaper power. Dur
ing the past IL months 70 manufacture
ing plants have moved into the Pied
mont Carolinas-an average of one
every flve days. The sections per
capita wealth has increased three times
faster during the past decade than that
of five of the Nations richest States.
Earnings of the Duke Power Co. have
increased steadily every year, having
been $6.48 on the common stock in 1927,
$685. in 1928, and estimated at approxi-
n1ately Sill In 1929. The Piedmont
Carolinas lie within 600-mile radius of
most of the large cities East Of the
Mississippi.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-25
GRAIN MARKET.

CHICAGO, January IS Especially -
The wheat market was lower today un-
der selling caused by weakness In Liv-
erpool. Resting orders to buy were un-
covered on the break. After the first
half hour, March, l.22; May. 1.264:
July 1271s.
Corn was weak under further liouida.
ton caused by the break in wheat.
March, 81; May, Of; July, 93%.
Oats sold on. March, asa; May,
471s.
Provisions were lower with hogs.