davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-26
UPTURN IN STOCK
PRICES CONTINUES
List Moves Steadily Ahead,
but Volume of Trading
Remains Small.
BY GEORGE t. HUGHES.

Special Dispatch TO The Star.
NEW YORK, July 26-Buying for
both accounts put prices sharply higher
in today's weekend stock market.
Trading was purely professional, but
there was no disputing the trend, which
was steadily upward.
Right from the start the market
was in the hands of the strongly Or
gained interests working for an adj
vance They had given a demonstra-
ton of their power, when they bid up
the list in the last few minutes of trad
ing on Friday, and it had made an
impression on the shorts. The result
was some hasty covering at the open
ing this morning
New highs on the recovery from the
June lows were reached in large num-
Der of important stocks, headed by
United States Steel. The largest adj
vances. however, were scored by issues
which had been the most heavily sold
for the decline. One of these was air
reduction, a favorite target for the
bears, on the theory that the yield at
the market was too low to be attractive
from an investment standpoint When
the market started upward today, these
previous sellers fell over seach other
in a scramble to retire their contracts.
MUCH the same SOTG Oh DlylDR went
on in American Can, in United Aircraft,
in Gillette Safety Razor and in Vana-
dunn The electrical manufacturing
stocks were strong, especially Westing-
house, which also harbors large short
interest. The pool in Vanadium. which
is one of the most aggressive of those
associations, improved the opportunity,
with the result that above 104 the stock
was up nearly points from the low of
Friday.
Other stocks to move forward in
cluded the hign-priced j. I. Case, HouS-
ton Oil, North American Co. and Radio
There was no news affecting any of
these corporations to account for the
strength in their shares. 1t was simply
a bold and successful maneuver against
the bear party. If today's buyers are
able to sell their holdings to an outside
public, they will make a profit, but that
public is still to be interested 1t is
doubtful whether the outside following
necessary to a sustained advance in the
market can be obtained until and I'M
less there is real improvement in trade.
One of the most impressive acting
stocks today was General Motors. Here,
at least, 1t looked as If real accumula-
ton was going on. The net gain was
relatively small, but the stock was
steadily absorbed. There are so many
shares outstanding of General Motors
that 1t Is normally a slow mover, and
for that reason does not appeal to the
in-and-out trader; all of which makes
its action at the present stage of affairs
the more convincing.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-26
WEEKLY BANK CLEARINGs.

Bank clearings show further heavy
losses from the large amounts of last
year. The total this week at leading
cities in the United States, as reported
to Dun's Review, of 1886, AGA, 900 is 81 2
per cent below that of year ago. At
New York City clearings of $5,870, O00,-
600 are 31.6 per cent under last years,
while the aggregate at leading centers
outside of New York of $2,966, 423, 900 Is
1853 per cent less.
1t was at this time a year ago that
exceptional activity at most centers
Swelled bank settlements to an unusual
ly large sum, especially rejecting trans
actions in the large speculative markets.
That condition continued each month
from July until after the break in Oc-
tober, bank settlements during that time
far exceeding any previous record. Com
parison is now made with that period.
Gong back to July. 1928, however, when
trade was in good volume, and bank
clearings a record up to that time, this
weeks returns show a considerable gain.
An increase appears at New York over
the amount two years ago, and the same
is true as to number of leading CEN
tiers outside of New York.
ClearingS for the week, as reported to
r. G.. Dun S5 Co., and average daily
bank clearings for the last three months.
are compared herewith:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-26
BANKS ARE READY
TO ASSIST BUSINESS
Present Borrowing Power OF
Reserve System Is ESti-
mated at 8 Billions.
BY PRESTON S. KRECKER.

Special Dispatch to The Star.
NEW YORK, July 26. If the ex-
pected business revival materializes in
the Fall it will find the banks of the
country splendidly prepared to finance
1t. The present borrowing power of
the member institutions of the Federal
Reserve System is estimated at approx
imately eight billion dollars, or in the
neighborhood of three times the max
imum amount of bills discounted by
reserve banks at any one time.
The borrowing power of member
banks Is measured by the amount of
eligible paper they hold which could be
rediscounted by the Federal Reserve
banks. plus the amount of United
States Government securities they own
exclusive of those pledged to secure
national bank notes still outstanding.
The estimate of the borrowing power
just given is one made by the Federal
Reserve Board itself from data fur
nished by the member banks.
Reserve Bank Credit.
While member bank credit outStand-
ing has been increasing to such an
extent that it Is currently about as
high as 1t ever has been, the reserve
bank credit. or credit representing ac-
commodation extended by the reserve
banks to member banks, has been as
steadily diminishing, because the banks
have not required it. AS an outcome
the total has decreased about $344,-
100000 within year and today is not
billion dollars. Member banks,
moreover, have rediscounts outstanding
nearly three-quarters of billion dol
lars less than q year ago. They have
available, on the other hand. large po-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-26
Washington Produce
prints, 4O1ka41i

Bttter-One-pound prints, 4o1aa41;
20a2l.
Poultry, alive-Spring broilers, large,
30a32; medium, 27a28, small, 25a26;
Leghorns, 20a22; fowls, large, "a; me-
dunn. and small. 20a22; Leghorn fowls,
l6a17: ROSTERS, Is. Dressed, shipped In
ice-Spring broilers. large, 3oa32; small,
25a21; fowls, heavy, as small, loal1;
ROSTERS, 1T.
Jobbers' prices: Home dressed-Spring
nroilers, large, 35a36; medium, 33a34;
small, 32a33: Leglorns, 26a2S: Leghorn
fowls, 20a22; ROSTERS, 17a18: ducks, 23a
"a; turkeys, 32a35.
Meats. fresh killed-Beef, 1921; veal,
15a16; lambs, IS; pork loin, 25a28;
fresh hams, Is; fresh shoulders. 10a20;
smoked hams, 81; smoked shoulders, 20;
bacon, 81; lard, in packages, ID: in
bulk, H.
Live stock-Calves, 9; lambs. s1a.
uits-Watermelons. 30a60; canta-
loupes,s Ridgeway, N. c., 2.25a2 so;
other varieties, 1.75a2,00; honeydews,
3.25; honeyballs, 2.50a4.50; oranges
7.00a8.50: lemons, 12O0a13. 90; pears
$50; alligator pears, 300a7.50; grapes,
S.0Oa3.50; cherries, Hood River, Greg.
3.25; pineapples, 500: huckleberries, per
quart, 18a20; blackberries, cultivated
per crate, 800; peaches, 2.25a3.00.
egetables-Potatoes 2.65a3.25; sweet
potatoes, per bushel, 500; tomatoes
two-peck baskets, 75a1 25: spinach, l 90;
kale, LOCAL rs; peas, AIS: string beans
LOCAL so; lima beans, 300a4.00; cucum-
bers, 50a1 90; corn, five-dozen sacks
LOCAL SO; okra, two-peck baskets, LISA
1.50; carrots, per 100 punches, 3,00a
400; California crates, five dozen, 800;
beets, per 100 punches, 3.00a5 90; pep
pers, 75a1 90; squash, 75a1.00 cabbage
Virginia stock, per barrel, 800.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-26

Note-Am stocks sold In hundred share lots
excepting those designated by the letter 65s t265st
which shows those socks be sold In odd lots only
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-26
BARCLAYS BANK SHOWS
NEW HIGH DEPOSITS

Gable adviceS received by the New
York office of Barclays Bank, Ltd,
show that as of June 80, 1880, deposits
and other accounts of that institution
reached a new high figure of $685.
e82, 34e, representing an increase OF
more than S37,000.000 compared with
HE total reported as Of June 80, 1929.
Advances to customers show little
change at S870,420,708. Bills dis
counted have risen from SOL. 873,057 to
S225, 927 $50 and acceptances and in
dorsements have declined from $1l6,-
All, 153 to SIG, 654 1873. Total reserves
amount to 81 ,e95, lit 1923, compared with
81, 904, Dol 1895.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-26

tential borrowing power. No one neec
fear. therefore, that banks are moi
strong in reserve credit upon which
they can draw when occasion arises.
Bank credit expansion this year has
taken an unusual trend. Normally
commercial loans would have expanded
while investments and security loans
would have contracted. This year the
reverse has been true. Commercia
loans have actually declined more thar
$500, 000, 900 since the first Of the year
while security loans have expanded
over $500, 900 900 and bank investments
have grown more than $500, 000, 900.
That expansion of security loans ant
investments of member banks has beer
made possible by what has been per.
haps the most remarkable expansion
in bank deposits in years. The actua
lnsreaSe in deposits OF reporting insti-
tutions has been nearly one and one
half billion dollars. Those deposits
have not been applied TO the extension
of commercial credits as in norma
years, but have nevertheless been uset
In indirectly aiding business by fl.
nancing capital projects. Now capital
emissions are merely the modern bust
ness mans method of financing future
production and distribution OF goods
Hence the banks by investing deposits
IN SuCI1 capital ISSUES nave DSen Hiu'
ing the prospective expansion OF bust
ness.
1925 Recession.
Some analysts draw parallel be.
tween the current business recession
and that of 1924. It is recalled thai
industrial production, after reaching
peak in the Spring of 1923, declined
with but moderate intermediate re.
coyeries until it touched q low point
in July, 1924 BY the following Janu.
airy, however. 1t had again risen to al,
most its old peak of 1928. Member
bank statistics also have followed the
same general lines as they traced In
the 1924 cycle.
The danger is, of course, that specu,
lators will take advantage of abundan
credit just as they did In the year.
following 1924 and bring about
repetition of the imitation in security
markets in 1929, with all Of the dis.
astrous aftermath. The public, Of
course, can do much to prevent such
catastrophe.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-26
NEW YORK STOCK EXCHANGE
by wire Dhett ON

re Direct to The Star once.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-26

ss.as6: 42a:000 Dec. 27.2
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-26
Grapefruit Crop Early.

FORT MYERS. Fla, July 26 R1.--
For the first time In history new crop
grapefruit was on the Fourth OK July
market here this year.
The Daily Alaska empire., 1930-10-21
FUNNY ROLES
 ARE NUMEROUS
 IN MOOSE PLAY
Keeping Up With the Joneses' to Be Pres
 ented October 28

In Keeping Up With the Jones' es,' the comedy to be given in the Coliseum Theatre the afternoon and evening of October 28, under au- spices of the Loyal Order of Moose, there is a large cast of delightfully."- amusing characters. Minor roles, as well as leading parts, afford splendid opportunities to players.
 Wilbur Jones' is the stormy petrel that causes most of the trouble for this particular Jones family. He is blamed for practically everything that goes wrong, but finally gets the girl he wants as we'll as a good job, gets his father out of trouble, and fixes everything just as it should be. In fact, "Jone- sy' is just the kind of a young man that is sure to succeed in life. M. s. Jorgensen will play this role.
 Son of Millionaire
 Billy Morgan" is a millionaire S son. This makes him very import ant in his own estimation, and he is afraid he is running his social standing by associating with such a plebeian family as that of the Joneses. This role will be character ized by William T. Vale, who will make the most of all the comedy situations.
 The part of Diana Devereaux" requires youth, wit, and beauty Dr. ana is an actress that Wilbur has fallen in love with. She causes the Joneses a lot of trouble until it is discovered that she is niece Of the most important man in town, then nothing is too good for Diana. Cornelia B. Mohn will be Diana Devereaux" and will look and act the part.
 Policeman Is Necessary
 Policemen seem to be necessary everywhere, and every good comedy requires one to make it a success. Mike McGinty" is the lad that wears the star in Keeping Up With the Joneses." He has them all frightened for a minute, but he isn't such a bad fellow at that and lets them down easy. H. c. Gorham will play Mike McGinty, with a real Irish brogue.
 Abe Silvelman" is a natural born salesman. He is very much put out when he is hit in the eye by Jones H. M. Porter will play Abe
 George Jorgensen will play the role of Stanley Jackson" Jackson is the big shot around the town where the Joneses live. MT. Jorgen- sens appearance in the play will be one of the reasons why it will be a success.
 With a good cast of community players and one of the best Ameri- can comedies, Keeping Up With the Joneses" can be anticipated with pleasure by theatre-goers.
 The play is under the direction of Sanford Dodge.
The Daily Alaska empire., 1930-10-21
TOLSTOY GIVES TALK
 AT HIGH SCHOOL

Count Ivan A. Tolstoy, grandson of the famous Russian author, ad- dressed students and teachers of the Juneau High School this after noon. The Count spoke in the auditorium of the school building.
The Daily Alaska empire., 1930-10-21
NOTICE MOOSEHAVEN LEGION
 NJIMRFR 25

Meeting Tuesday night, 8 p. m., October 21st. Initiation; Debate; also, don't forget the lunch.
 G. A. BALDWIN, -ar]v. Herder.
The Daily Alaska empire., 1930-10-21
CAPT. GENERAL WEYLERP
 AWAY IN SPAIN
Noted Soldier Dies at Age fo 02 Years-Arous-
 ed Ire in Cuba

(Conilnueo rom Page One)
The Daily Alaska empire., 1930-10-21
v \ HAVE EE N :"
IRWIN s. co B B
 Noted Author
Noted Author

"The old time avatch-aUord- Let the Buyer Beavare' has given avay to the modern slogan of confidence sBuy in Safety, and this miracle avas avroMght by the honesty of man,afactiire qVhich charac> terixes every fine American product. A notable example of the modern man,tfacturers' constant desire to giVe the public the best is your use of the Ultra Violet Ray in the 'Toasting' ofLUCKYSTRIKE tobaccos. Anyone can see this as I haVe seen tt on my Visit to your LUCKY STRIKE Plant. It's magnificent"
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-15
TIDWELL RITES
SET FOR TODAY

Funeral services for c. w. Tidwell.
aged 81, are to be held at the Hink-
lev chapel at 3 p. m. Wednesday.
Tidwell, a retired banker, died at
his home on the Highway Tuesday.
He had been In Ill health for q
number of years.
Brownsville Masons will have
charge Of the services. with the Rev
w. F. Rutherford, OF McAllen, the
Rev. (. c. Grow. Brownsville, pre-
siding elder Of the Methodist church
and the Rev. z. P. Day, Presbyter-
ian pastor, officiating. Interment
Is TO be in the Buena Vista ceme-
terry.
Surviving Mr.. Tidwell are his Wild
ow: three daughters, Mrs. Clyde
Tandy, Brownsville. Mrs. Nolan
Taylor, Los Fresnos: and Mrs. Lloyd
little, of Walnut Springs, n son.
@. r. T1dwell, Brownsville.
Mr.. Tdwell came to the Va.ey
six years ago after his retirement
because OF Ill health, hoping for
Improvement. He was a leading
banker In Meridian. his former
home. and also took a prominent
part In the work Of the Methodist
church, OF which he was q member.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-15

EDINBURG, Oct. i5-1nveStiga-
ton into financial conditions OF GER
tain phases Of Hidalgo county gov
eminent. such as road districts, etc.
will be the next work to be taken
up by the grand Jury sitting In the
September term Of 18th district
court.
This information was received
Wednesday from authentic sources
az the court house here.
Judge Hood Boone charged the
grand Jury last month after mem
bers OF the body were empaneled
that they should carefully probe all
charges or misapplication OF public
funds and that they should return
true bills In every case they thought
meriting such an indictment. regard
less or who was the offender.
Judge Boone quoted In part from
the criminal statutes OF Texas I'm
his charge telling the jurors that
any person miSapplying public funds
that came into his possession
through virtue OF hts position ~ or
ficer In a city or county should be
imprisoned.
II was further learned that the
grand Jury probably would investi-
gate the financial embroglio Of the
Donna road district. although this
fact could not be verified.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-15
Postal Heads Visit
And Praise Valley

valley soil is decidedly better
than Florida soil, and I predict that
the Rio Grande Valley will even
tually be the most highly developed
section in the world, said c. 3.
Allsopp, vice president Of the Pos
tai Telegraph company, who was in
Brownsville Tuesday. accompanied
by w. <. Leigh. also a vice-presi-
dent. and F. j. Akesson, Texas sup
erintendent. Both MI. Allsopp and
Mr.. Leigh are of New York.
The company's officials were on
a tour Of inspection. and although
the local office has been open but
three months. the two men stated
that the business was highly sat-
isfactory.
The present trip was the first
time the Postal officials had been
IN the Valley, and they expressed
amazement at the development here.
With your climate and your soil,
you are assured of rapid growth and
development Mr.. Leigh stated. The
extension Of Postal Telegraph into
the lower Valley was certainly a
wise move"
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-15
FEDERALS WIN
Rebel Forces Retreating
On Three Fronts

MONTEVIDEO, Uruguay. Oct IS
-Pj-Federal sources today claim
ed steady advance Of their armies
into revolutionary territory. with
victories over insurgent forces re-
ported on three fronts.
In two sections Of the state Of
Minas Geraes government forces
had the rebel troops in retreat,
while two columns operating on
the 2O0-mile sac Paulo-Parana
front forced fighting back into
Parana, away from the Sac Paulo
border.
Insurgent quarters were silent
regarding the federal claims, max
ing only such general statements
as that the advance of the eau
chos," or Rio Grande do sui cow
boys, continued. The rebel Leaders
continued 10 claim a victory al
Carlopolis. in the J~acarezinho sec
tor. but this the federals disputed
Colonel Francisco Flores de Cum
ha, commanding at Santa Ana do
Livramento. across the Uruguayar
frontier from Rivera in Rio Gran
de DO Sui. said the decisive phase
OF the battle along the Parana-
Sac Paulo frontier would come to-
day or tomorrow.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-15
WINTER RATES
SUBJECT OF
SECRETARIES
Valley-W d Special
To Monterrey Is
Before Body

Belief that the opposition TO win
ter rates to the Valley can be
smooshed over by a clearer under
standing Of the plan proposed to the
railroads led Valley chamber Of COM
merce secretaries to postpone action
on this matter until their next meet
ing.
The statement was made at the
meeting held in Harlingen Tuesday
that the land companies are not OBJ
jecting to low winter rates, but had
based their opposition on the under
standing that the railroads had been
asked 10 bring in special excursion
parties. Chamber OF commerce Sec
retaries are TO take up the question
with their respective boards Of direc-
tors and discuss 1t at their next
meeting.
The plan which has been submit
ted to the railroads. 1t vas explained,
calls for low winter rates to individ-
usls. but does not propose any ex-
cursion parties.
a Valley-wide goodwill trip TO
Monterrey some time IN December
instead OF trips from individual
towns will be considered. A COM
mittee composed OF Whit Rogers.
McAllen. S. NJ. Patterson, Weslaco.
and @. c. Richardson, Browns
vile. The trip would take the place
OF the one being planned from Har-
lingen. il was said.
Present at the meeting were John
T. Floore Of Harrington; J. z. Bell.
San Benito; d. @. Squyres, Edcouch:
Rex Baxter. Raymondville; Whit
Rogers. McAllen; Z. II. Guilfoyle.
Port Isabel; G. c. Richardson.
Brownsville: II. E. Dorual, Hidalgo;
Beth Carrot, Mercedes; Berry Hud-
gins. Edinburg: w. d. Farmer. La
Feria: S. NJ. Patterson, weslaco;
Tom Phillips. Santa Rosa; s. p.
Nielsen, Sebastian.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-15
HiddZgo Campaign Fire Opens

Vigorous attacks we're made on
Mayor Kirgan and Ed Couch Of
Weslaco and on the democrats who
jumped the party and went over
TO the Good Government Party
while the other party vas re-
organizing. He read an alleged copy
of federal indictment in Missouri
against Kirgan on sixteen counts
charging fraud.
Judge j. r. Carl, chairman OF
the county executive committee
presided and introduced ten OF the
candidates for county and district
offices and three candidates for
commissioner.
Attendance al the opening Of the
meeting was around two hundred
and this was increased TO about
three hundred by the time II was
well under way.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-15
Pope Grants Permit
For Royal Wedding

VATICAN CITY. Oct. l5.-(P-
Pope Plus XII today granted q
dispensation permitting the mar
riage Of King Boris III OF Bulgaria
and Princess Giovanni Of Italy on
the written promise from Boris
that any children born OF the
marriage. without exception. will
be baptized and educated as Roman
Catholics.
Boris is a member Of the Greek
Orthodox Church. the Bulgarian
state religion. and the constitution
OF his country says that It's king
must be Of that faith. The Princess
Giovanni Is known as a staunch
and fervent Roman Catholic.
The wedding will take place In
Assist Cathedral. October 25. in the
lower chapel at the altar OF the
Madonna Of Good Council. near
the tomb Of the Infanta Of Savoie
daughter Of King Carlo Emmanuel
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-15
R~aymondville Man
Dies of Apoplexy
(Sneclal to The Herald

OSHCSAGl W lie 11Cl d4Gy
RAYMONDVILLE. Oct. 15-John
q. johnson. proprietor OF the Dew
Drop Inn here, dropped dead at his
rooming house here at $50 We'd
nesday morning. He had been feel
ing III for the past week. Doctors
attributed his death to q broken
blood vessel Of the brain.
Johnson was IS years old. He Is
survived by his widow. one son,
Russell, living in Chicago; and four
brothers, Russell, Of Chicago. and
Charles, Joe and Otto, of Dongola,
III.
Mr.. and Mrs. johnson came to
Raymondville about four years ago
from Oklahoma. purchasing a cafe
and several small farms nearby. but
sold out and went TO San Antonio
after about two years. They later
returned to Raymondville, again
opening a cafe.
No funeral arrangements had been
made at noon Wednesday.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-15
JURY ACQUITS
DYING MAN OF
MURDER BILL
Father S h Man
With Killing Of
His Son

PAULS VALLEY. Okla. OCT. Is
-R-Leslie Christian died today
"a victim Of a court house shoot
ing at the hands Of Ben Downey.
his sisters one-time father-in-law.
As he lay dying In a hospital here
he was told a jury had acquitted
him Of the Staying Of Downey's
son
The elder Downey. sixty years
old, was held In the Garvin county
jail-awaiting first degree murder
charges which officers said would
be filed during the day. He fired
five times at Christian late yester-
day when the latter's trial adj
journed for the evening meal while
the Jury was celebrating the case.
Christian, alleged TO have fatally
shot Ben Downey. Jr.. divorced
husband OF his sister. two months
ago. met the elder DoUney at the
foot or the court house stairway
and fell. MORALLY wounded. An
hour after the shooting the jury
returned a verdict OF not ruilty In
the Staying OF young Downey.
Informed Of the verdict. Chris
tan vas able TO nod his head. He
died at 3 o'clock this morning.
Christians sister had divorced
the Junior Downey shortly after
the latter had been sent to prison
on conviction Of grand larceny.
Freed from prison. young Downey
was said 10 have blamed Christian
for the separation. III feeling de-
veloped which resulted in the
shooting.
Christian. 80. Is survived by his
widow and three children.