davidaulloa/AmericanStories huggingface dataset:
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-06-19
sMRTNE ZPRAvY.

Jan j. Hamrak, z {. 80 N.sCen-
ter St., zomrel v utorok ma kom-
plikacie nemoci vo veku Is rokov.
Oplakava no manzelka Anna, dee
ry ri. Janova Martin V Clevelan-
de, Anna, Maria a Johanna do
ina, synovia Jan a Michal a brat
Juraj Hamrak tuna, brat Michal
Hamrak Illinois sestra, PAM
Ludertovicova. Pohrab je pia-
tok rano chramu Sv. Alzbcty.
Pohrabnt obrady vykona Rev. j.
L. Kostik. Pochovany bude v Cal
vary cintorine.
PAM Katarina Salagi, 1890 Sc
cond St., zomrela V nedel'u ma
komplikacie nemocl vo veku 60
rokov. Byvala tuna 36 rokov. Pri-
slnchala do Odboru 46. Zivena.
Manzel jej zomrel pred 3 rokmi
Oplakavajh ju sestry bratia.
synovia a dctry Jan, pi. AEbeta
Petrose, Juraj, Tomas, pi. Maria
Jurco, pi. Katarina Roller, Ste
fan a Helena a StvOro vnGcat. Po-
hrab Dol V stredu ranO chramu
Najsv. Mena Jezis. Pochovana
bola v Calvary cintorine.
Martin Aksamit, 1914 Manhat-
tan Ave, zomrel V pondelOk V ne
mOcnici vO veku SO rokOv. V A.
merike sa ZdrzOval % rokov. O.
.plakava no manzelka Paulina,
dcery Julia a Paulina a synovia
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-06-19
pRAKTICKA VICHOVA DIEV-
- CAT v ANGL11.

Ma vyrocnej konferencii angE-
ckych organizacii pre- peclivost 0
mladez, ktorej sa ztieastnilo ma,
500 delegatov, upozornil DIR. Por-
ter ma velike nedostatky pra!lti-
ckej vychovy dievcat skolach.
Dokazom nedostatocnych vedo-
mosti spravnom vedeni domac
nosti a zvlast' vychove deti v
rodine je nplna Pahostajnost', ma
tick j otcov k vadam, ktore II ich
dietok nasiel skolny lekar. DIR.
Porter uviedol vysledky vysetro-
vania, pri ktorom zistil, ze 70 49
pripadov -histenych ocnvch cho-
rob II deti nebolo % pripadoch
opatrent liecenie ami po sieStich
mesiacoch, uplynulych od ziste-
mia choroby diet alta. Preto dr..
Porter ziadal, ably sa vsetkym
ziackam dostavalo v Skolach pee
.livfho, jasntho a skutoene prakti-
ckeho vyucovania vo vsetkych po-
trebnych pracach domacich a a
by kazdemu dieveat'u pred vstu-
pom do manzelstva bola vysvetle-
ma nutnost' peclivosti 0 zdravie
diet alta.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-06-19

Ognan sa naobeduje, zdvihne
sa, chyti pluh a pohne voly.
Mona stoji a hl'adi ma syna, a.
40 obskakuje, ako kohntik, okolo
pluhu. Praca je t'azka, a detska
ruka este slaba.
Niekol'ko raz chcela Mona pri-
behnnt' k nemu a pom6ct' mu, a
le nieco jej branIo, nemohla. A
nj sama nevedeIa preco.
Posbiera veci od obedu a po-
maly odide domov. Obzerala sa
nesclseIne raz a pozorovala Og-
mana. VideIa. ksd' este vyoral
tretiu brazdu.
Zavladla nou akasi divna ra-
dost'. | place, i smeje sa. Vravi
sama k Sabe: Ma mieSte je, ably
nina Bob raz potesil. A cj
som ia ME st aStna!9 Kto to vra-
Vi? FL, aka som st 'astna Nam
syna ! Nam domatina! Nebudu mi
viac pomahat' cudzie ruky. :.
Nie.. Nema nikto take diet'a
Pozri no, orie. Ami Jelenko ne.
orie lepsie!
Mladik je to! - Este rok-dva
no al ozenim - ak Bob da
Och, este sa i MOI dom rozvesc.
IL"
Dusanka nepamata, ze by bola
videla niekedy matku veselsiu
ako vtedy, ked' sa vratila role
Prisla domov, pospevujdc 81 We.
selu piesen.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-06-19
VIII. sLOvENsKY DEN
v PITTsBURGHU 8. JULIA.

Tymto Gctive sdelujem nasim
rodakom zapadnej Pennsylvania,
ze SINE az rozposlali zabavnt IT,
kety ma s. Slovensky Den, ktory
sa bude vydrziavat' dina s. julia
Kennywood Park. Tikety m6zete
81 este zadovazit' nasledovnych:
V Duquesne II velp. j. Kerchna-
l1a a p. A. J. Pirhallu; Clarion
Il velp. Martina b. RubickH p.
j. Soltis; Natrona u vlp. Joze-
fa Straku V Southside Pittsburgh
Il velp. Juraja d. Barlok, jana
j. Pekar a Jozefa Mat'aSovSkeho.
Y DOnora Ii velp. JOzefa KuSner
a Alberta Erdelyi; V Monessen Il
velp. Edv. Kitz, DR.. Jozefa Du-
dash, Mich. Sincak a jana G.
Check; V Tarentume II velp. Old
richa Necid; V Charleroi velp.
jana Sedlak; V Brownsville u
velp. Michala j. Yesko; V Ellis
worth Il velp. V. Ulicny; V Home
stead u velp. Klementa j. Hrtan-
ka, PIP. Imricha H. Sedlak, Juliu-
sa Cirbus a Jana Funa; V Mum
hall u p. jana Kristovcika; v New
Kensington Il velp. Michala Kus-
nera; V Frankstown, Pittsburgh
Il velp. Mich. j. Fajdel a Jozefa
G. Bohacek; Braddock u velp.
Fialko a Marii V. Hajdu a jana
Lukac; North Side Pittsburgh
II velp. Juraja Malinak, TomaSa
Harnyak a PIP. Andreja Novak
Stefana Matalik; v Leckrone u
velp. Fabiana Kondrla; v Nc
Keesport u velp. Edv. Dwell,
Marii NJ. Dancak M. j. Vargo-
vic; V Glassport u p. Tomasa
Dzurko; Y McKees, Rocks IL velp.
Jozefa Vrhunec, Y Ambridge II
vclp. j. Herkel'a; New Castle
Il velp. A. Kapitana a Zuzanny
Klamar; v E. Pittsburgh u velp.
Tomasa Malik; v Pittsburghu u
p. Jakuba Virostka. Il
Tikety budd predavane po 35c
"a jedon "strip", ked' ale k1pi-
te vase tikety Cd horespomenu-
tych, mozete tym usporit' 15c
ma kazdom listku. Teda klpte va
Sc tikety este donna, ME v Ken
nywood Parku, ponevac nebude
nam slobodne ich parku preda-
vat. Zaroven prosim tych, ktorf
by este potrebovali viacej tiket.
mech budl tax laskavi sa hlasit'
ma nizeudan1 adresu. S dctou
M. J. Vargovi6,
40 - 7th Ave-, McKeesport, Pa.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-06-19

Ognan len co obrazdiI, chcel 81
obratit', ked' hl'a, tn mu je i
mat.
'Pozriteze, mojho synacka, "a
ko mi on robi!' zvola radostne
Mona. dobehnuc, a pocna obj
mat a bozkavat' Ognana.
Ognan sa trochu zadivil.
"a, st'astna ii praca, gazda
moi pokracuje Mona. "Ill'a,
MA! Aka je to krasna brazda a
aka je hlboka D.. O, ia blazniva
Hovorim, hovorim, ty 81 usta-
~, robotnik moi! Hl'a, hl'a, Sc
Stra ii prichystala obed. - i
Tu Miona rychlo povyberala 2
bat0zka, co boil prichystan@. Pre-
strie obrus a pokladie Ma nom
trOcha soil, cesnaku, ninkol 'ko pc
Cenych zemiakov, sIaninu, kolac
vino, hovoriac:.
each, ia Dusanka PrichySta-
la ii al VINO. Aka starostliva
Vie ona, co potrebuje ustaty clo-
vek... Nechaj pluh, syn moi
DoSt' 81 mi robil."
A Shy ju zalejn.
eco ii je, mama?" spytuie sa
Ognan, sadaj1c 81. "Ty plates!
"Nic, synku, mic! HI "a, smejem
sa. Ma, vezmi, hladny 81, viem. 6.
JJa som sa trochu dlhsie zabavi-
la. Keby 81 vedel, ako chvali u
citel' Senadina -
"Sadn; 81 j ty, mama, budeme
obedovat spolu," vravi Ognan,
lamajdc jej chleba.
"Nechaj, synku! Budem obedo-
vat az donna. Dusanka ma caka," /"
odpovie Mona, stojac. "Ty 81 my
slfs, Re som ia ustata. Me som,
Ognan. Mozem ia dlho stat, syn
ku.. Ale vezmi! Stiffness. Nemu-
sis vsetko dnes poorat' -"
A zas ju zalejt Shy. Utiera ich
rukavom a smeje sa.
Ognan je zadiveny. Akysi O.
hen hori mu' tvari. Chcel nieco
povedat',, ale nemohol.
Miona no Ease nnka. Zacne dr.
kotat' MIN ako diet'a, stale sto-
jac. Vravi, ze psenicu tel roll
zachova ma sviatoGne dni. Bude
miesit' nej kolace ma hody. Maj
lepsia mlka je 70 stareho zbozia.
ellen mech sa hojne urodi," po-
znamena Ognan. "Vies, mama, ze
nam je tato roPa najhorsia. V
psenici je vzdy plno k1kol u"
"Oj, urodf, synku! Musi sa u
rodit'! Takeito zemi nieto ami ma
Morave! Uvidis, aka to bude do
bra psenica!. !..."
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-06-19
PRVA BRAZDA.
Napisal: Milovan D. Glisic.

ska.
To je dom vdovy Miony. Ne
bohy Sibin Vojinovic zahynul vt
vojne. I teraz sa rozpravajn roz
pravky Sibinovej junackosti.
Jeho Mona ostala samotna 5
troma malymi sirotami. Najstar.
81, Ognan, ma len sedem rokov
Sedliacky dom nemoze po>tih.
nut vacSie nest 'astie, ako ked' O.
stane bez muzskej hlavy. TO ne
St'astie postihlo mnohe domy V
tomto kraji. Mnoha domatinka
zeleia a ozelela Svojho domatina
Pc roku-dvoch niektort odiSIy k
rodine, niektort Sa vydaly a cd
viedly svoje deti k cudziemu O.
tcovi.
Mona Sibinova neurobila tax.
Usilovna statna zena chyti!a do
svojich rGk FAKE sedliacke prl-
ce.
Jej sa vzdy zdalo, ze Sibin pri-
de, a ako by Sa mu potom pore
la do ocii, keby naSiel svoj dom
zniceny a spustosen[..
Nebohy Sibin ma niekol'ko bra
TOW brantrancov, oddelene zijn
cich. VSetci sn usilovni, dobroSr-
decni. Nieto dna, ze by niektory
Mich nenavstivil Mionu a nepo-
mohol jej trochu V robote.
Najviac jej pomahal ma mlad-
81 brat Sibinov, Jelenko. Neraz
jej hovoril:
"Preco ma nechces posluch-
nut? Vidis, re 81 neporadis ty-
mi det Co 81 poGnes. nbo-
ha? | keby 81 mala sto r1k, jed
mako by 81 neStihla sama vsetko
urobit'. Preco neprldeS k nam, a
spon kyym ii deti neodrastn?'
"Nemozem!' odpovedala Mo
ma, vzdychajnc.
"Co by 81 nemohlao V MASON
dome bolo by ii lahko pohodl-
nejsie. 49,"
"Ako by ia, biedna, mohla zha~
sit toto ohnisko, kde sa tieto 81
roty prvy raz ohrialy?. =. Co by
som povedala svojim det'om, ke-
by sa ma po case spytaly: "(T je,
matka, ten dom zataraseny trnim
a chopinom, do ktoreho ami vo
dne sa neodvazi nikto vst1pit %
Keby som to urobila. chlieb sol -,
co som pojedla V tomto dome +
nebohym Sibinom, by sa na mne
pomstil !... Chran Bob! Nikdy,
nikdy!. :"
TT dobri l'udia pomahali iej
vzdy V t'azsej pol'nej praci. Po-
cru jej pole, poseju, ako sebe. Q.
statne robi sama Miona. Sama O.
kopava, pleje, znie. Ona sa citi
temer urazena. Obyca aJne i'm cd
poveda:
"Dakujem YAM! Go bolo t'az-
Sic, tom ste mi pomohli, toto
uz zm0zem nejako i sama. ="
Prechadza rok "a rokom. Mic
IA 81 uz zvykla samote. Deti jei
odrastly. Ogfan ma patnast' ro-
kov. Chodi do skoly. Dusanke
preslo trinast'. Ona uz vo vset-
kych domacich robotach zamiena
mat. Ak Mona odide yeas rano
do pol "a, pohrabat' to, co vcera
Jelenko skosil - neostane ked
sa vrati domov bez obedu. Du.
sanka sa stara to jako nejaka
stara gazdina. Ba vie ma kola-
&c zamiesit' Najmladsi, Senadin.
vst1pil do deviateho roku. Este s;
robieva breezy pupavky. ale hod-
ny je uz davat' pozor ma jahnia-
tka vyhnat' ovce ma pasu. 'Uzi,
tok je uz j z neho.
Chvalabohu, deti sn zdrave a
vesele, rozumne a usilovne. Odet6
s1 ako najlepsieho gazdovske-
ho domu. Mionino srdce preky-
puje radost 'ou, ked' hi adj ma ne.
Vtaeky mole krasne!. ;" "a
sor%n So,4o tsNToo~,z DE-.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-06-19

poslat' no do skoly! To jej Wy
tykali.
/ sam Jelenko dohovaral ra;
Mione preto. Navstlvil ju so svo
Jim strycom, starym Jezdimirom
po obvcajnom rozhovore povif
neveste:
"Kazdy ia obdivuje, ako So
trapis! 81 usilovna, 81 rozumna
Len niecom 81 pochybila.' -
"A CONF" pIta sd Mona a
pozera na Jelenka udivene.
"Preco 81 to diet "a nenechala
donna, ably ii aHpon V nieGom pc,
mohloo BohatSie a vacSie rodiny
nem0zu. sa ob1St' bez deti. Ty 81
tax biedna, utrapena, a..
"NedopuStlm, ably mi deti holy
posIednt V dedine!' odpovie Mo
ma, a zahori tvari. "Nebohy 81
bin, Bob no oslav. GaSto hovoriI,
ze ak dozije, da Ognana Skolo-
vat ia som mu vyplnila zia-
dost' ked' som sa trapila tel :
ko rokov, nebude mi aida nif,
ked Sa potrapim este nejakE
cas-. -
"Vsetko je to pekn@ a kra-
Sne,' pocne starry Jezdimlr, ale
- ty 81, hl'a, Sama V dome, a eide
sa ii hociiaka mala pomoc do
Inc a pol'ahcenie. ..'
Gale we'd Ognan ma Petra
skonci Skolu a oStane mi donna.
Ak da Bob zdravia, dam hned' ma
iaseH Senadina do skoly' odpo-
vie Mona tax ostre a iiseGne, lie
jej ami Jelenko, ami Jezdimlr ne
mohli ami slova odpovedat'.
Prehovorili este dve-tri slovH o
inIch veciach a odiSli.
'Chlap zena y - povedal strI-
ko Jezd!mir. ked' odiSli cd Mio-
ninhO domu.
PriSiel post. lima prechadza.
Neveje Wac ostrH Vychod, ami
chladny Sever. Teraz sa Biely
victor hra holymi vetvami vyso-
kych bukov, pocnuc od Zupy az
30 Zelin, Nerad II a Kopaonik.
Sneh sa temer vSade Stopil.
Len ten ma Suchom RudiSti ne
dba 0 Biely victor: rozplynie sa
len neskorsie, ked' budi1 pripe-
kat jillovt hor1costi.
Ma vsetky strany porozchadza
Ii sa usilovni Sedliaci. Orn polia,
vyspevujGc a tesiac sa dobrtmu
roku.
Len okolo poludnia vratila sa
Mona domov. Rola navStivit' Sc
nadina.
Splnila dane slovo. Ognan ma
Petra skoncil stvrtil triedu Sc
nadin hned' po Obrate eni odisiel
do prvej.
Len co Mona ide Cd dola po-
pri zahrade. Dusanka vvstilpi 2
9omu. Zakrntila nieGo do pekne-
no farbisteho bat6zka, a niekdp
sa ponahl'a.
"A kde 81 sa vybrala, Du-
sanka ?"
"a. hl'a, ci 81 ty uz prisla?" ?"
odpovie Dusanka akoby zmNle-
ma. "Prave who'd, ably neostal
dom sam. >. Hl'a, ia som sa Wy
brala k bralu. ..'
"Echo A kde ie on?"
"Na roll. Vravel, ably som mu
doniesla obed."
"a nepride domov obedovat'? %
"Nie.''
"a precoe'
"Odisiel ma voloch i plu-
hom. -"
Zach" priamo vykrlkne Mo
ma. "a preco 81 mi to hned' ne
povedala? Daj mi ten bat6ztek
ia mu no zanesiem."
"Nechaj, mama, ty 81 usta-
ta.. Zanesiem mu ia. A po-
tom. ..'
eco, diet az"
"Povedal mi, aby som ii nepo-
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1931-06-19

Jan a Martin, vsetei ma Sloven-
sku. sPOhrab Dol vo stvrtok rano
zs chramu, Mena Jezis. Pochovany
Dol ma Calvary cintorine.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-06
STOCK YIELD FELL
z PER CENT IN JUNE
Broad Price Advance Cut Average
Return on All Issues
in List.

The vigorous price advance in June
resulted in a decline of more than 2
per cent in the average yield on all
cash dividend paying common stocks
listed on the New York Stock Exchange,
it was reported today by Moodys In
vestors Service. From the peak of GIL
per cent recorded by $40 issues on June
l. the average yield dropped to 1853 per
cent at the end of the month.
This represents the largest yield de-
crease during single month since the
beginning of the bear market, the sur
vey states.
THE broad character Of the ad-
vance" Moody's adds, lis shown by the
fact that there was decrease in aver
age yield of every individual group of
stocks. In the case of the copper and
railroad equipment groups the change
was particularly striking and was due
to dividend cuts as well as to rising
prices.
Dividend casualties continued heavy.
OF the $40 companies in the early June
compilation, six passed their dividends
during the month, 81 reduced the rate
and there were no increases. Five out
of nine copper companies reduced divi-
bends, while among % rails three re-
duced the rate and one company passed
its dividend"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-06
STOCKS ARE LOWER
ONL|GHT TRADING
Market Closes Heavy-0p-
orators Mark Time, Awaiting
News From Paris.
BY GEORGE T. HUGHES.
speeial Dispatch to The star.

special Dispatch 10 Inc SLhT.
NEW YORK, July 6.-Compared
with the preceding close, the stock
market today maintained consistently
lower range of values. Losses at the
opening were In general the lows of the
session, although there was a secondary
reaction in the last hour. From start
to finish, however, volume was so low
as to give the trading no significance
whatever. 1t was q waiting market,
dominated by professionals.
Gable dispatches relative to the stu
alton abroad were closely scanned all
day, but they threw little new light on
the difficulties confronting the negoti-
ators. The business news was mostly
favorable The rubber and tire indus
tries reported substantial Improvements.
Woolworth sales for June were 81 per
cent over the same month year ago
The market took scant interest in in
dustrial developments.
sumably on disappointment over the
new difficulties in the way Of a Franco
American agreement on the interna-
tional debt moratorium proposal. Lead
ing stocks were of to 3 points dur
ing the first hour, but they soon reached
q resistance level and thereafter, up to
noon, slowly hardened, regaining a part
Of the lost ground
The smalr volume on the decline in
dicated reluctance Of operators to put
out short commitments pending a
clearing up of the situation at Paris
Professionals claimed to believe that a
substantial reaction was overdue. but
they hesitated to act on this theory
because OF the possibility of a sharp
advance, when and II announcement
came that an agreement had been
reached on the other side.
At the morning lows Eastman Kodak
was OF over 3 points. United States
Steel over points American Telephone
nearly 3 points, Baltimore & Ohio 2
points and Southern Pacific points.
These declines were not extended In
stead support appeared and the market
dragged along, with few features.
Among groups that stood out be-
cause of their resistance we're the mo-
tors and the utilities. Chrysler opened
point lower, but sponsors for the stock
put in buying orders and 1t came back
to sell at an advance on the day, Cen
eral Motors also made a good showing,
cancelling its early loss
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-06
CHICAGO LIVE STOCK MARKET

CHICAGO, July s up UNITED States
Department of Agriculture - Hogs -
Receipts. 10000 head, including 1000
direct; slow, around steady with Fri
days average; bulk, 17o-220 pounds,
7.30a74o practical top 7.45; few lots,
7.50a7.55; 230-330 pounds, 5.75a725;
pigs. $3.50 lower, at 600a650; packing
sows, 450a5 90; smooth sorts to $50;
light light, good and choice, 140160
pounds, 650a7 90; light weight. 10000
pounds, 6.65a7. As; medium weight 200
$50 pounds, 7.0Oa745; heavy weight,
250-350 pounds, 56oa7.25; packing sows,
medium and good, 275-5oo pounds 4.25
ASSOC; slaughter pigs, good and choice,
100-130 pounds, 600a6.65.
Cattle-ReceiptS, 10000 head; calves,
1000; largely fed steer and yearling
run; light steers, steady TO IS lower
weighty bullocks, about Is off; light
heifers and mixed yearlings also tending
lower: she stock scarce and mostly
steady; bulls and vealers flrmer; early
top yearling steers, $50; heavies, 775;
bulk fed steers and warnings, 6.25a7.5o.
Slaughter cattle and vealers = Steers,
good and choice, 6O0-soo pounds. 725a
8.75; COOL 100 pounds. 700a8.75; HOO
1900 pounds, 6.75a850: 1901 500
pounds, 650a8 90; common and medi-
UNI. COOL 800 pounds. 5.00a7.00.
Heifers. good and choice, 550-8oO
pounds, 650a775; common and medl-
UNI, 325a6.5O; cows, good and choice,
3.75a5.0O: common and medium, 3.00a
375: low cutter and cutter, 1.50a300;
bulls tyearlings excluded, good and
choice (beeD. 425a475; cutter to
medium, 3.50a4 SO; vealers milk fed
good and choice, 6.00a700; medium
500a6.00; Gull and common, 300a4 so
Stocker and feeder cattle: Steers, good
and choice 500-l $50 pounds, 5.50a700;
common and medium, 4.00a550.
Sheep-Receipts, $4,000 head; about
steady early; good and choice native
lambs, 7.00a735 to packers; few $50 to
yard traders; best rangers held above
$50; choice yearlings, 5.50a575.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-06
Buying for Profit
BY GEORGE T. HUGHES.

In times Of business depression and
subnormal corporation earnings those
companies which have no bonded in
debtedness are obviously in the best po-
sition. They may omit the dividend on
their common or on their preferred
stocks and yet remain entirely solvent.
The shareholders go without returns on
their investments, but bankruptcy is not
involved.
If, however, there are heavy fixed
charges ahead CT the stocks the situa-
ton is quite different. Interest on bonds
must be poid regardless of earnings or
receivership is threatened The market
price Of the bond then is a more accu-
rate guide to the credit Of corporation
than is the price Ct its stock. Also the
market price OF the bond with the
shorter terms is more informative than
the price of a longer maturity. The
reason for this is, of course, that the
short term issue must be met as to
principal On maturity and not simply as
to interest as Is the case with the long
term one.
1t is sometimes difficult to refund
when the bond market is as demoraliz2d
as it was during the first half Of this
year Inve stment bankers Will not I'M
dertake public distribution of any Sc
CURT es unless they are of the highest
grade and for these extra rdinary prices
are paid, but most corporations are not
able to measure up to the high stand
ards dems nded at such a time.
Generally temporary bank loans are
resorted to when bonds cannot be sold.
Traders then watch closely the market
quotations for short term obligations
of any company. the position of which
is in question. They are not so much
concerned about the price and the yield
on the long term issue even though
that be in other respects as under in
veStment, secured by mortgage for
instance, whereas the short term bond
may be debenture merely.
This situation has resulted in recent
months in certain corporations buying
their own bonds with nearby maturitieS
while leaving the distant ones to shift
for themselves. The spread between the
return on the two kinds of security
sometimes Is almost fantastic. 1t pre-
SentS an opportunity for the informed
investor courageous enough to buy q
long -term bond selling at large dis
count because he observed the reassur-
ing market appraisal of the short term
issue.
ecopyr.ghs, 1ssiA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-06
20 Banks Gain In Deposits.

20 Banks Gain In Deposits.
OF the first 80 banks reached, 20
showed gains in total deposits. while
10 reported decreases since the last
quarterly statement.
It was stated today by bank Of
ficials that within a few days prac-
tically all the local banks will have
deposits equal to or above those on the
March call
This forecast is based on the fact
that funds drawn out to avoid the per-
sonal tax due July l will be back
in the banks in a few days. Much
switching of funds takes place around
the last of June, many investors
placing their money in Liberty bonds
or other investments temporarily.
The fact that total deposits in some
banks are lower than three months
ago is not causing the least worry.
than they know what to do with under
present interest rate conditions.
In a few days The Star will publish
the deposit figures for every bank in
the city, the tabulation showing ex-
sctly what changes have taken place
in the last three months. The June
call practically always comes on the
end CT the Government fiscal year.
Business Outlook Improving.
Although no definite improvement
has yet become visible, there is some
basis for the growing belief that the
lowest level of depression has been
seen or will be seen within the very
near future says the Guaranty Trust
Co. and that some degree of tangible
recovery should manifest Itself during
the second half Of the year.
The very fact that six months have
passed without bringing further sig
nifcant recession can reasonably be re-
garded as a sign that the process OF
reimbursement is nearing completion.
Moreover the general level of activity
appears to have reached approximately
as low a point, In comparison with
what is generally regarded as normal, as
II ever did in the course OF past de-
pressions.
The recent behavior Of security and
commodity markets has also been con-
siderably more reassuring than 1t was
during the earlier part OF the year.
Today's Trading on Exchange.
Business was rather quiet on the
Washington Stock Exchange today after
the double holiday.
The opening transaction was In Po-
tomac Electric Power consolidated os
$4,000 selling at 105.
Washington Railway & Electric pre-
ferred stock sold today to the extent
Of 20 shares at 100.
Federal American National Bank q
Trust Co. stock appeared on the board
three 1O-share and one 5-share lots
selling at so. practically the same price
at which this stock has sold all the
year.
Real Estate Mortgage g. Guaranty
preferred changed hands to the extent
Of IS shares at 6l2.
After call Potomac Electric Power
b12 per cent preferred figured in two
small sales at 1llA.
The market closed with Peoples Drug
stores preferred stock moving at 101
In two 10-share lots.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-06
NEW YORK STOCK EXCHANGE
by Pnta Wrs TO The Star

Note-An stocks are sold in hundred share lets
excepting those designated by letter (sos) t15osl.