davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1931-05-28
GOVERNMENT IS
USING CAUTION
IN PREDICTIONS
Business Situation Being
Carefully Handled By
Administration.
BY RAYMOND CLAPPER
United Press Staff CORRESPONDENT

WASHINGTON, May %. U.P)-
Twice within a week the White
House has indicated it detected
favorable factors in the business
situation, but there were no dog
matte predictions in either instance,
ecause through disheartenng
experience the administration has
learned that in economy prophecy
1t is little wiser than the average
man.
President Hoover, numerous OF
his cabinet members. Senator James
E. Watson, Republican, Ind, and
other Republican spokesmen have
been criticized for indulging in
economic prophecy which time has
proved erroneous Therefore t h c
current restraint. in contrast with
an earlier disposition to predict a
general recovery within a fixed
period, carries some of the conf
dence which comes from the under
statement rather than oVerstate-
ment.
The administration is convinced
that the bottom of the curve has
been reached and that a slow climb
is in sight. 1t was exactly such n
situation which caused President
Hoover last year to predict recov-
cry would be well under way within
60 days. But the curve. which had
started up, suddenly, broke and
went down further than it had
during the previous nine months of
the depression.
AS this indicates. Washington IS
overrated in some quarters as a
source of authentic forecast This
idea that government officials could
If they wished. predict exactly what
will happen, grows out of the magic
wand" complex and is held by the
sort of persons who believe that any
evil can be corrected by passing
law.
The fact is. as anyone can dis
cover by talking with two or three
of the best informed government
officials, that they are about like
the average well-informed citizen.
they follow the market reports and
the trade statistics and try to fig
ure out hopefully what is going on.
They have little information which
Continued on page 81
Imperial Valley press., 1931-05-28
Garrison Accused
By Girls Mother

SAN DIEGO, Cal, May %. UP
Moss E. Garrison, 35. railway mail
clerk, will be given a preliminary
hearing next Monday on the charge
that he stabbed and killed Hazel
Bradshaw, %, in Balboa Park seye-
raj weeks ago.
The hearing was postponed until
Monday when Garrison was
brought before Judge Eugene Daley
late yesterday.
A dramatic scene was enacted
when Garrison and the girls moth
er, Mrs. Cora Bradshaw, met in the
courtroom.
You murdered my daughter"
Mrs. Bradshaw cried. Garrison
averted his eyes, but said nothing.
Garrison's defense will be based
on the contention that the girl was
killed by an unknown person who
had a date with her after Garrison
had escorted her home, attorneys
said
Imperial Valley press., 1931-05-28
Uncle Sam Has
Huge Deficit.

WASHINGTON, May %.
U.P)-The treasury deficit has
passed the billion dollar mark,
the treasury records show to-
day.
The treasury daily statement
issued today showed that the
deficit reached the billion dol
lar mark on May 26, standing
on that day at 81, 900, 1872, ,43O.88.
Loans made under the vet
Grams loan bill passed the bill
lion dollar mark, amounting to
S1,090,137 ,402 loaned to 1885,
900 veterans. Applications for
loans continue at a rate OF 35,-
900 per week.
The treasury deficit this
year is the first since 1921.
Imperial Valley press., 1931-05-28
CLARK s
HEARING
STARTED
Defense Wins Important
Point In Opening Bout
OF Bitter Battle.
DELAY OVERRULED
Court Orders Preliminary
Hearing To Proceed
Despite Objections.

LOS ANGELES. May %. U.P)-
The preliminary hearing OF David
H. Clark, charged with the double
murder Of Herbert Spencer, maga-
zine editor, and Charles Crawford,
political boss, proceeded today after
one of the most involved legal bat
ties in the history of the city.
Two veterans of the par-Special
Prosecutor w Joseph Ford and w.
!. Gilbert, attorney for Clark, were
pitted against each other-and VIC
tory went to Gilbert
Ford, during his battle for a
weeks postponement with the OBJ
iect in mind of forcing Clark be-
fore the grand jury now being
formed, went into one of the deep
est bits of legal strategy ever seen
here
For several hours he had attempt
ed 10 stop the preliminary hearing,
even ordering a new murder COM
plant, charging Clark with only the
Staying of Spencer. to be drawn up.
II was his hope this would cause
dismissal of the double charge and
keep Clark in jail
Municipal Judge Carl Sturzenack-
er. however, overruled Ford's ef-
forts and ordered the preliminary
hearing
Very well. your honor, the peo-
pie rest said Ford. The crowded
courtroom was visibly surprised as
this meant the double murder
charge would be dismissed by the
court.
Gilbert, however, saw through his
rivals plan in an instant. If the
double charge was dropped. Clark
Immediately would be arrested on
the new count charging only Spen-
GERS death.
Blocked BY Gilbert
Leaping TO his feet. Gilbert
shouted:
In that case the defendant will
call the states witnesses If he can
get q list of them and inquire ex-
actly as If the defense were con-
dllcting the prosecutions case
Judge Sturzenacker agreed with
Gilbert and ordered the prosecutor
TO introduce what evidence he had.
Immediately after making his de-
cision, the Judge adjourned court
until p. m.
Bailiffs grown old in the service
declared that nothing in history
even the courtrooms dramas of the
William Edward Hickman kidnap-
ing and murder case-ever touched
today's scene"
Hundreds Of persons struggled to
gain entrance to the small room as
the attorneys fought.
Efforts of bailiffs to clear the
aisles were futile.
One daring move on the part of
Gilbert was to have Ford removed
from the case on the grounds that
he had not legally been appointed
special prosecutor. AS it appeared,
Gilbert might be successful, District
Attorney Buron Fits rushed into
the courtroom, red-faced, and an
nounced he had sworn Ford in as
a deputy district attorney
AS soon as the morning session
was completed, Fits, Ford and
Chief Investigator Blaney Mat
thews went into conference in Fits
office.
Guards were posted with orders
to keep everyone away from the Of
flee.
One newSpaperman, who managed
to edge into the room, was person.
ally-and rapidly-escor.ed out by
Fits
Imperial Valley press., 1931-05-28
Lumber Company
Granted Verdict

LOS ANGELES, May %. U.P)-
A S293,500 judgment in favor of
Mack E. Hayward and Sam T. Hay
ward, executive of the Hayward
Lumber and Investment company,
who brought suit against E. A.
Widmann, New York banker. and
c. M. Hanson, president of the In
ternational Reinsurance corpora
ton, was returned today in superior
court.
The HayWards in their complaint
asserted that on March 20, 1928,
Widemann and Hanson gave them
a promisSory note for $518,30O. They
further alleged that on July /, 1929,
Widemann and Hanson refused to
make any more payments on the
note, which still had a $238,300 bal
ance due.
Imperial Valley press., 1931-05-28
PICARD
RETURNS
TO LAND
Scientists Thought Dead
Report Soaring To Ten
Mile Height.
LAND UPON GLACIER
Much Valuable Data OBJ.
tanned From Daring Ad-
venture.

GURGL, Austria, May %. W.p)-
Prof. Auguste Picard, delighted by
the success of his balloon expedition
and undaunted by the discomforts
OF his landing on the mountain top
above here, plans further high al
titude research, it was understood
tonight.
He expected to remain here for
three days to supervise packing of
his instruments.
Picard revealed that heat pre-
vented him from landing In the
daytime and that he waited for
night to descend on a covered
glacier He was astonished and
slightly angry when informed that
there had been grave concern for
his safety and rumors that the bal
loon was destroyed. He seemed to
think it only natural that every one
should understand he knew what
he was doing and picked out spot
to land.
INNSBRUCK, Austria, May %.
U.P)-Prof Auguste Picard re-
turned to civilization today after q
balloon trip to the outer reaches OF
the earth's atmosphere, ANNOUNCE
ing that he had reached q height
of approximately 10 miles and
achieved valuable scientific observa-
tions. slMIUN
Picard and his companion,
Charles Kipfer. landed in the closed
q, ,iy,tt Io1a nf kn1
at about 10 o'clock last night on
the glacier which is about 10000
feet high, and made their way to-
day to the village of Gurgl, perched
among the mountain valleys.
Picard told the chief of local
police over the telephone he had
scared to the height which was his
goal point never before reached
by man.
He described the trip as wonder
full, and the voyage over the Alps
as especially beautiful The balloorf
he said, behaved magnificently and
was always in complete control. It
was not even damaged in landing
on the glacier, he said.
Picard announced he had OBJ
tanned an abundance of most valu-
able scientific data which would
give scientists of the world material
to work over with months of CAL
culations. He said the trip was the
most wonderful experience he ever
expected to have, not only from the
standpoint of adventure but pri-
marily from that of a scientist.
Picard and his companion ar
rived at Gurgl together Gendar-
(Contihued on page 81
Imperial Valley press., 1931-05-28
NEW CABINET TAKES
CHARGE IN POLAND

LONDON, May %. U.P-An Ex-
change Telegraph dispatch from
Warsaw reported that a new cabi-
net was in office today, headed by
Colonel Alexander Prystor.
The only changes the dispatch
said, were the appointment of Jan
Pilsudski, younger brother of Mar :
shall Joseph Pilsudski, as minister
of finance and General Sarsycki as
minister of commerce. Colonel
Prystor, who had been minister of
commerce, relinquished the port
folio to become premier, succeeding
Col. Walery Slawek.
Imperial Valley press., 1931-05-28
Condemned Man
Given Reprieve

SACRAMENTO, Cal, May %.
(U.H-Governor Rolph today grant,
ed three months reprieve to Au-
gustus Gingell.' Los Angeles, SEN
fenced to be hanged June u for
the murder of his wife and her as
serted paramour year ago.
The reprieve was dated to end
September 18. The two victims
were Mrs. Vera Gingell and Sidgurd
Bjorneby. They were shot to death
by Ingell, in hotel room, it was al
legged, where they were discovered
by the husband.
In granting the reprieve the gov
ernor said he favored the delay to
permit an opportunity to study de-
tails of the case.
Imperial Valley press., 1931-05-28
Using Autogiro
To Cross Nation

NEWARK, N. j., May %. U.P)-
Amelia Earhart, flying an Autogiro
started today on a transcontinental
flight, in easy stages.
Starting from Newark airport at
8:04 a. m. (EDT), she planned to
halt at Harrisburg, Pa. about noon
for gas, and then proceed to Col
umbuS, o., to pass the night. In
dianapolis is on her schedule for
tomorrow; and thence her route
runs through st. Louis, Tulsa, Okla,
Amarillo, Tex, Kingman, Ariz., and
westward to Los Angeles, and later
to San Francisco.
Her Autogiro will fly an average
of 80 to 80 miles an hour.
Imperial Valley press., 1931-05-28

ApricOts Have
Lots OF Iron

SAN DIEGO, Cal, May %.
U.P)-The quaint expression:
"What. No spinach?" should,
in the opinion of DIR. J. w.
Sherill, be changed TO read:
"What. Spinach? No, april
cots."
For the myth that spinach
was the best iron bearing food
obtainable was exploded by DIR.
Sherill, who is head of the
Scripps Metabolic Clinic at La
Jolla.
"There is as much iron in
California apricots as there is
in spinach" DIR. Sherill assert
ed.
Imperial Valley press., 1931-05-28
Vessels Seek To
Aid Submarine

MOSCOW, May 28. Up)-Des-
troyers today surrounded the spot
where the Russian submarine No. 8
went down off the Esthanian coast.
The submarine went to a depth
of $50 feet on May % but did not
return to the surface. The dive
was made during training maneuy-
erS.
Government agencies failed to
announce the number OF m e n
aboard.
Imperial Valley press., 1931-05-28
WHAT'S DOING

Tonight
Graduation exercises, s, Will
son school.
Rural school commencement,
8, high school.
Night school, 10, high school.
q. p. o. E., No. 1925, !, Elk's
hall.
II. a. NJ, No. 109, s, Masonic
Temple.
Pythian Sisters, s, Davis hall.
Troop Ia, b. S. A., 1880, Scout
hut.
Phi Chi, $3.50.
Fox Imperial Theatre, "Ship-
mates"
Kiwanis club, Barbara Worth.
Imperial Valley press., 1931-05-28
Bid On Widening
OF Yuma Highway

SACRAMENTO, Cal. May %
U.P)-Bids for six state highways
projects today were being consid
cred by the state department of
public works. Totaling more than
$700000, they included
Imperial Valley-widening 81
miles of El Centro-Yum lateral
with asphalt between east high line
canal and sand hills; Griffith
Brothers, Los Angeles, S95,590.
Imperial Valley press., 1931-05-28
Blaze Destroys
Cutting Room

LOS ANGELES, May %. (U.P)-A
cutting room used by the Allied
Pictures and the Welshay Pictures
Company at the Tec-Art studios
was virtually destroyed by fire of
undetermined origin late today.
Damage was estimated at $4,000
Chief damage was the destruction
of n reels of a Hoot Gibson pic
ture. eAIf,l
Imperial Valley press., 1931-05-28
TRIP TO SHAKESPEARE PROVES SUCCESS
0yR|SSSSSsa:fR' ySSa

BEVERLY HILLS, May 81.
(SpeciaD-We have all kinds of
various weeks" Eat an Apple
Week. Don't Shoot Your Hus-
band Week" Don't Cuss the
Republicans Any More Than
You Can Help Week" but Clare
more, Okla, the home of the
great radium water, is having
this week one of the most prac-
tical and useful ones-"Take a
Bath Week"
They can't relieve the present
depression. but they relieve the
tissues. Even the Rotary and
Kiwanis, Lions and Apes and
chamber of commerce have
joined in the novelty of the
thing, and 1t bids to become a
yearly event My old friend,
Governor Murray, and myself
have been cordially invited to
attend.
Imperial Valley press., 1931-05-28

Continued on page 81
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-18
Grain Market
BY the Associated Press.


CHICAGO, March 18.-Moist wealth
ar, bearlsh on wheat and bullish on corn,
made grain prices irregular early today.
Wheat reached a new low price record
for the season, but corn scored adj
vanceS.
Opening at y cent decline to % gain
wheat afterward held near to the initial
limits. Corn started unchanged to "a
up, and subsequently rose all around.
Wheat showed rallying power at
times, as result of increased purchas-
ing that developed after September de-
livery touched 617s, outdoing the sea-
sons previous bottom level Upturns
were helped by corn strength and by
relative steadiness of quotations at
Liverpool, where improved demand for
Canadian wheat was in evidence. United
States Farm Board agencies, however,
were reported offering Gulf of Mexico
shipments of No. l Dark Northern
wheat abroad at IS cents under the
price of Chicago May delivery. In addi-
ton, statement from the Department
of Agriculture said indications were
world prices would not rise sufficiently
by next Summer to permit liberal ex-
ports except at prices below current
levels in United States markets.
Corn advances were associated with
extreme scantiness of rural offerings.
Primary receipts, though, totaled SAL
600 bushels, compared with 436,000 a
week ago and $4,000 year ago. Chi
cago had 103 cars, against 86 at this
time last week, and IA on the CORE
spending day of 1880. Oats sympa-
thized with upturns in corn.
Increased offerings of lard weakened
provisions, despite higher hog values.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-18
CHICAGO LIVE STOCK MARKET

CHICi(O. $AArch Is Up Omitted
States f3pfSlment of Agricultural =
Hogs, IE.0SJx including 5000 direct;
very slow, Sready to 10 higher than
yesterdays average; top, 8.35; bulk,
140-210 pounds. 8.15aS.30; 220-320
pounds, 725a8;1o; pigs; 7.25a8.oo; pack
ing sows, 6.4Oa6.75; light light. good
and choice. 140-160. pounds, S.10a8,30;
light weight, 10000 pounds, 8.15aS35;
medium weight, 200-250 pounds, 7.60a
$780, heavy weight, 250-350 pounds,
7.10a775: packing soWs, medium and
good, 275a5O0 pounds, 6,40a685;
slaughter pigs. good and choice, 100
100 pounds, 7.50a8.00.
Cattle, 1000 head: calves. 1000 head;
better grade fed steers and yearlings
strong to IS higher; lower grades mostly
steady; she stock sharing steer advance,
especially desirable butchers and year
ling heifers; bulls steady and vealers
25 to so lower; largely steer run; prac
tically everything in killer flesh; bulk,
7.25a9.25; early top, 1000; Slaughter
cattle and vealers: Steers, good and
choice, 100000 pounds, 8.75a10.75; 900
l 100 pounds, 8.50a1075; 1,100-1,3 800
pounds, 8.50a10.75; ,300-1 500 pounds,
8.75a10.75 common and medium, 600
l 300 pounds, 6.25a8.75; heifers, good
and choice, 550-8S0 pounds, 8.00a9.75;
common and medium 6.00a850; cows,
good and choice, 500a7 90; common and
medium 425a5.25: low cutter and cut
ter, 30Oa425; bulls (yearlings exclud-
ed. good and choice (beeD, 4.25a5.7 rs;
cutter to medium, 3.75a4.75; vealers
milk fed, good and choice. 6.50a8.50;
medium. 600a6.5G; Gull and common,
400a600. Stocker and feeder cattle:
Steers, good and choice, 500-1.050
pounds. 725a8.50; common and medi-
UNI, 525a7.25.
Sheep, 1000 head; fairly active,
strong to Csc higher; advance on fat
lambs; early bulk good and choice
grades, 900a9.35; several loads, 9.40a
9.65; fat ewes mostly, 4.5Oa5 90; lambs,
80 pounds down, good and choice, COCA
CTS; medium, 8.00a900; 91-100 pounds,
medium to choice, 7.50a950 all weights,
common, 625a3.00; ewes, 90-150 pounds,
medium to choice 3.50a5 90; all weights,
Gull and common, 2.00a4.00 feeding
lambs, 6075 pounds, good and choice,
7.65a8.25.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-18
OLD BANKING HOUSE
UNDER NEW CONTROL
Kidder, Peabody & Co. Is Taken
Over by Group Of
Finaneiers.
az the Associated Press.

BY the Associated Press.
NEW YORK. March 18-The bank
ing house of Kidder, Peabody & Co.,
the roots of which go deep into the
history of American finance, has been
succeeded by new partnership.
The first member of the Peabody
family to distinguish himself in bank
ing was George Peabody of Boston,
who formed Peabody e. Co. of London
in 1885, which later became ]. s..
Morgan g. Co., named for the grand
father of the present j. P. Morgan.
The present firm of Kidder, Peabody
81 Co., however was not formed until
80 years after the London concern.
The firm was dissolved yesterday
and its name was taken over by a
group comprised of Edwin S. Web
ster. jr., vice president of Stone e.
Webster; Chandler Hovey, head of
Chandler Hovey & Co. Of Boston, and
Albert H. Goldman, formerly asso-
ciated with Goldman, Sachs & Co.
Founded in Boston in 1865, Kidder-
Peabody has played an important role
in investment banking and has been
identified with syndicates marketing
many major bond issues. 1t main
tanned offices in Boston, Providence,
R. l.; Newark, N. j., and New York.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-18
OIL INQUIRY is STARTED
BY TARIFF COMMISSION
BY the Associated Press.

BY the Associated Press.
The Tariff Commission is instituting
an investigation to ascertain the diff
ferences in the cost of production of
crude petroleum, fuel oil, gasoline and
lubricating oils in the United States
and in foreign countries which export
ed more than two million barrels of
these commodities from January /,
1929, to December 81, 1880.
This investigation is starting under
a House resolution passed March 8.
The commission completed and sub
mitted to Congress at the recent ses-
sion report on the costs of production
and crude petroleum, but that investi-
cation was limited to domestic fields
and the Lake Maracaibo district of
Venezuela. The new. inquiry will be
broader in the commodity sense, as
it includes fuel oil, gasoline and lubri-
eating oil and will cover a greater
geographical area.
Results of this investigation will be
reported to the President and the
House not later than the beginning of
the next regular session of Congress.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-18
Brokers' Comment

NEW YORK, March 18.-The rails
break to a new low yesterday, as well
as the reaction in the utilities, suggests
to stock market commentators today
that the lows of last week may be
tested Most of the commission houses
advise short-term traders to postpone
commitments at this time. Comments
follow:
E. F. Hutton & Co.-Very plainly, the
best argument against the bear side
continues its popularity. On the other
hand, it might be said that stocks went
I'D when it seemed as If every one was
long in 1929 and when the large loan
account was as much of bear signal
as the small loan account is bullish
inference now. OF course, the sequel
came in time. The current bearishneSs
might result in renewed decline, Gull
n1inating with release of the f1rst-quar-
ter earnings, but by the end of the year
it may prove to have actually been the
last opportunity for buying large lines
Of stocks at low levels At any rate, for
the small and agile trader who can es-
tablish his position quickly there seems
no hurry to buy stocks.
Shields & Co.-Sentiment Is more
bulIish than bearish at the moment. IL
will take more aggressive leadership
than witnessed so far to break the mar
kct out of the existing nut OF dizziness.
The technical position and the absence
of dirstress stocks favols the construc-
tive side for the moment, but If more
courageous effort at attract following
is not witnessed soon the increasing
burden of bad news threatens to break
the markets back.
Otis & Co.-Within the next few days
a test should be made of last week S
lows. Until this test has been mace
and successfully met we see little JUS
tification for making new short term
trading commitments.
Emanuel & Cove would close out
all long-trading commitments at the
market and stand aside as we believe
lower prices are in prospect.
Redmond g. Cove are still Of the
belief that at least one more effort Will
be made to rally the market, particu-
larly the public utilities, before any seri-
Gus reaction takes place.
Jackson Bros, Boesel g. Co.-Untll
greater price stability is seen in the in
vestment rail group we fail to see how
the general market will move cut Of
trading area governed largely by techni-
cal considerations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-18
PREFERRED STOCKS PART
OF BALANCED PORTFOLIO

Special Dispatch to The Star.
NEW YORK, March 18.-Currently,
money rates are low and have been for
the past several months. Concurrently,
the trend Of common stocks has, at best,
been cratic In consequence, as the
movement of common stocks has so far
exercised a more direct effect on the
course Of preferred shares than has easy
money, there IS disposition and APP
parently we'll founded disposition to
assume that buying opportunities in the
preferreds are, at the moment, rather
prevalent both from yield basis and
a probable appreciation of principal over
a reasonable hold, says the Standard
Statistics Co of New York, in current
survey, which follows in part:
Properly balanced investment port
folios invariably contain certain per-
centage of senior securities. They rep
resent a governor which is expected TO
keep any well rounded out investment
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-18
REFLECT DIRECTORS
AT ACACIA MEETING
President Montgomery Presides at
Annual Session Held in Home
Office Here.

The annual meeting of members of
the Acacia Mutual Life Association was
held late yesterday in the auditorium OF
the Acacia Home Office Building. First
street and Indiana avenue northwest.
President William Montgomery presided.
The chief order OF business was the
election of directors to fill expired terms.
All directors whose terms closed yester-
day were renamed, as follows: Charles
Z. Baldwin, William K Cowden. E. G.
Graham, John T. Meany, Joseph II.
Milans. William Montgomery, John B.
Nichols, Charles F. Roberts, L. p.
Steuart, E. Lee Trinkle and Francis d.
Winston.
Other members of the board include:
w. L. Andrews, d. Rufus Cheney, Harry
Blake, c. G. Coombs, Paul B. Cromelin,
j. Harry Cunningham. L. Whiting Estes.
James c. Hoyle, Thomas E. FARRELL, j.
Claude KEEPER. Arthur d. Marks. H. l..
Rust, jr.; E. E. Thompson and J. P.
Yort.