davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-06
MARKET IS WEAK
UNDER PRESSURE
U. S. steel Reaches New Low
But List Shows Some Good
Resistance.
BY GEORGE T. HUGHES.
Special Dispatch to The Star.

special DlSpatCn 10 Inc OldE'
NEW YORK, May 6-Pressure on q
number of important industrials. mclud-
ing United States Steel, sending them
down to new lows, gave todays STOCK
market an appearance of great weak
ness. Nevertheless there was good re-
siStance in the list as whole ana
scattering of advances.
The feature of the early trading was
the selling of United States Steel COM
mon and preferred. The common STOCK
under Ill was at the lowest since 1924
and the preferred at 40, which is a D
per cent basis, was the lowest for the
year. Along with this selling OF Steel
went offerings of American Can ana
that stock, too, made new low. Inc
weak spot in the railroad list was Ca
madam Pacific, doubts being expressed
as to the maintenance of its dividend.
There was plenty of unfavorable news.
According to the weekly steel trade re-
views. operations are at Al per cent OF
capacity against over 48 per cent last
week. This is for the industry as
whole, United States Steel being at a
slightly higher percentage. The only
offset was sustained demand from the
automobile industry. Copper metal was
quoted at cents a pound in the domes-
tic market. the lowest in IS years. Rail
road car loadings showed a reduction
for the week. although an increase would
be normal seasonally. The straits OF
the oil industry were emphasized by the
cut in the Vacuum dividend. coming on
top of the omission of disbursements by
Ohio OIL
AS result, hope for business recovery
was dampened and the street generally
was in peSsimistic mood, Hardly any
dividend was too sacred to be ques-
toned in the gossip Of the day. Under
the circumstances the market did very
well.
Traders who took their cue from the
tape we're cautious about making new
commitments. for the time being, out
side of the handful of stocks which were
clearly headed downward.
Motor shares were well supported
General Motors directors were to meet
for dividend action after the close, and
the expectation was that the regular
rate would be declared. Auburn Auto
swung back and forth in its usual spec
tacular fashion. At noon 1t was selling
above the preceding close. American
Telephone & Telegraph was down only
a point or so, and j. I. Case showed
only a little larger loss.
Railroad stocks were inactive, but,
except for Canadian Pacific, there was
no weakness. Utilities moved in accord
with the rest of the list. Volume was
still very low.
Copyright, 1879
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-06
Washington Produce

Butter-One-pound prints. 20; tub,
Eggs-Hennery, II; current receipts,
15a16.
toms, 20a22; Spring broilers, 36a38;
Leghorn broilers, 30a35: Winter chick
ems. 3Oa32; hens, 2Oa22; Leghorns, ID;
75aS0; old, 40. Dressed-Spring broil-
ers, As; Winter chickens, 38a40 hens,
25; LeghornS, 22a23; roosters, 16; keats,
young. 70a80: old, so.
Meats-Beef, 1212al4; veal, 12al4;
lamb, 20a22: pork loins, 81: fresh hams,
10; fresh shoulders, IA: smoked hams
90 smoked shoulders, 1212; strip
bacon, %; lard, in packages, IL; in
bulk, IL.
Live stock-Hogs, heavy, 6.5oa7.25;
medium and light, 7.ooa750; pigs, 7.oOa
$50; Spring lambs, 10.00a12.00.
Fruits Strawberries. 4.00a6 90:
oranges, California, 3.5Oa400; Florida,
4.00a450: lemons, 4.50a5 so; lines, per
100, 800; grapefruit 2.75a300; grapes.
Argentina, white, 3.25; pineapples, 400
a4.5 apples, bushel baskets, 200a2 so :
box stock, 2.35a2.75; rhubarb, per
dozen punches. 35a50
observation-disclosures new. per bar
rel, 5.5Oa6.UO, OLD, lZO-pOunu SACKS.
2.60a275; Idaho bakers, 100-pound
sacks, 800; Bermudas. 50-pound box,
ITS; cabbage, 1.25; kale, scars;
spinach, 5oa75; cress, 1.25; tomatoes,
Mexico, 5.50a6.5o: Summer squash,
300a3 so: peas, 1.75a2.25; string beans,
2.50a3.00 caulifiower, 250a300: Gu
cumbers, $50; beets, crates, $50: car
rots, crates, $50; mushrooms, mostly
100: asparagus, 350a5.0O celery, 300a
400; lettuce, Iceberg, 450a5.00; South
Carolina, 1.25a1.50
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-06

" NEW YORK, May 5.--Washington
and New York were tied here this after
Aoon In the third tnnina
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-06
Gasoline Reduced in Chicago.

CHICAGO, May 6 LP,.-The Sinclair
Refining Co. today reduced the retail
price Of its third grade gasoline from
ga cents to 8 cents in the metropoli-
tan area.
other large companies recently be-
gan selling low-priced gasoline to meet
competition from independent filling
stations, but the Scent rate was the
lowest on record for a major COM
pany.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-06
DRY GOODS MARKETS.

NEW YORK. May (SpeciaD Cot
ton goods markets were quiet today.
Print cloth quotations were unchanged
at for 64x60s and at 534 for 68X72s.
Raw silks were quiet and unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-06

re now handling
was one Of the
many intensely in
teresting st a t e =
ments made by
Eward J. Reilly
before the fduci-
&ries section OF the
District Bankers
Association at the
Willard last night.
It was the monthly
meeting, of the
section, presided
over by the chair
man. Barnum l..
Cotton, who IS
trust officer Of the
District National
Bank. Many Of
IL fx.lS~~ fV1fct
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-06
REILLY ADDRESSES
F|DUC|ARY SECTION
Speaker Says Trust Officers
Are Holding Common Stocks
Along With Bonds.
BY EDWARD c. STONE.

That trust officers in New York banks
are still including about so per cent of
common stocks, along with the sound
est sonis in the estates which they
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-06
MONTHLY COAL DEMAND
SHOWS SHARP RECESSION

Special Dispatch 20 The Star.
NEW YORK, May Glow prices and
an almost complete cessation in de-
mand for domestic coal marked trad
ing IN the bituminous markets Of the
country in April, Coal Age reports.
Consumer buying was Of the hand to
mouth variety and dealers refused TO
dlicement Of lower prices.
Demand for industrial coal, rejecting
the continued business depression, also
was slow in April, but the continued
curtailnent in production. made neces-
sary by the slow movement OF domestic
sizes, prevented any relief from the
shortage of slack and screenings. with
the result that prices registered a stu
further gain.
April proved to be a Disappointing
month for producers seeking contracts
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-06
Money! to Loan

Secured BY FIRST deed Of trust on real estate.
Prevailing interest and commission.
Joseph |. Weller ssS W. Oh 1 NV H%
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-06

Nearly three-quarters Of the imports
into the Philippines are from the United
States
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-06
NEW YORK STOCK EXCHANGE
by Prkate Wrs Dhectt

Note-An stock sold in one hundred share ICSS
excepting those designated by the letter SOs 2SOslp
which shows those stocks were sold in odd lots
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1931-11-27
Prominent Local Young
Man Dies SuddenLu.

Saturday morning when Mrs. John
Gnidica of the eastern part of the
city went to call her son, John Gnidica,
Jr, she found that the young man had
passed away during the night. He re-
tired about 900 o'clock and seemed in
perfect health. He had been subject
to epileptic attacks for several years
and the supposition is that he was
attacked during the night and sue
cumbed. He was 26 years of age.
The funeral took place Monday
morning from the Catholic church, the
Rev. Father Mihelcic officiating. The
remains were prepared for burial at the
Fenske Mortuary. The funeral was
largely attended and the floral offer
ings showed the high appreciation in
which the young man was held. He
was a graduate of the Ely schools and
Of late years has been employed at the
mines where he held a responsible
position. He was a member of Lodge
No. l. S. s. C. u.
Surviving are his parents, Mr.. and
Mrs. John Gnidica, and seven sisters.
The sisters are Mrs. Anton Pirsch, Mrs.
Dan Bohinc, Mrs. Paul Buccowich,
Mary and Mollie Gnidica in this city;
Mrs. j. c. Murphy of Gilbert, and
Pauline of Cotton.
The bereaved family have the SYM
pathy of host of friends in the loss
Of son and brother.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1931-11-27
Christmas Tree H0uIers
Must Observe Load Limits.

A warning to persons hauling Christ
mas trees by truck was issued this week
by Earle Brown, chief of the Minnesota
Highway patrol, cautioning them to
comply with the requirements of the
state traffic act.
Loads are by law limited to eight
feet in width Care must be taken that
neither the butts nor any other parts
Of the trees extend beyond this limit.
All loads which exceed 80 inches IN
width must have clearance lights or
reflectors on the left side, front and
rear, visible 500 feet away under normal
atmospheric conditions.
If the trees extend more than four
feet beyond the rear end of the truck,
red flag must be attached in the day.
time, and red or yellow light or re-
dector at night.
Trees should be loaded so that they
stay in place. The fact the load was
within the limits at the start and
shifted during the trip, is not valid
excuse.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1931-11-27
State Highways Gaze
IO,324 Work in October.

Work on Minnesota state highways
furnished employment to 10,3s4 per-
sons during October, according to fig
ures given out by Commissioner G. M.
Babcock. Of these $500 were employed
by contractors and 4,704 by the state,
compared to 3,905 employed by the
state and 8.O57 by contractors in Sept
ember
The figure on state employees in
cludes those given temporary employ
ment with funds set aside for emer-
gency unemployment relief The de-
partment allotted $4,000 to each of
the sixteen maintenance districts, and
on October l about LOO men were
given three weeks work of special re-
pair and cleanup work for the MAIN
tenance division When they were
through, a second group was given
three weeks work. Only men who had
been out of work for some time and
were desperately in need of funds to
care for dependents, were employed, and
the entire fund went for wages.
The number employed by contractors
was a decrease of 2,437 from the Sept
ember figure. Nearly all paving and
work was completed be-
fore October1, but grading, crawling
and silouldering continued through the
month.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1931-11-27
WHISPERINGS

Editorial Associatono
Psst, Psst, Psst! Have you? You don't say
Well, Well!
And away goes another reputation for life
long honesty, decency, right living.
There isn't a more sinister, vicious, evil adj
vantage-taking method of spreading derogatory
propaganda than through the Whispering Grape
vine Route.
At times it rolls along apparently harmless
as idle gossip. Then again thistle it turns
over and over, gathering more rubbish through
malignant contacts with venomous subjects which
cling to it, until finally it becomes giant prairie
roller, compost of all that is filthy and putrid
in the community.
Famed by the gale, the fastest runner cannot
keep up with it.
White-Iivered, black and white striped animals,
who in order to further their own interests or who
delight in besmirching decent characters to the
aroma of their own, start their whisperings by
planting them deliberately at vulnerable peddling
points, breathe the breath of life into their
monsters, and then all the imps of hell lash them
The old-time alleged powers of witchcraft were
inconsequential, compared to the possibilities for
character Staying, embodied in the witchery of
Dame Rumor, and yet today there are no stocks
to fasten these vicious Rumor purveyors in, as
objects Of public contempt; no flashing posts at
which to scourge them; no stakes at which to
burn them.
Suicides, murders, bank failures, bankruptcies,
home church, and school wrecks are spectres which
rattle at the gate of Dame Rumor. Politicians
work her overtime, and even in Washington's day
she was 50 active, he declared he'd rather fight
whole army than vicious rumor
The worst enemy of prosperity the out
standing enemy of progress, the foe of harmony
the greatest enemy of happiness, and the biggest
liar in the universe, Dame Rumor is wanton who
refuses to come out and fight in the open.
She is sneaking, cowardly, snake-like; an OBJ
ect for fear and adherence that should be crushed
squeched, choked, and hurled back into the depths
of the bottomless pit from which she dared to
emerge because of the satanic efforts of her
masterss-Leader, Pipestone, Minnesota
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1931-11-27
Mesabi Iron Stock
FLuctu0ted Suddenly.

In stock issues which are not fire.
quently traded, some startling quota
tons are seen occasionally, says Skill
ling's Mining Review. For example,
last week sales Of Mesabi Iron were
posted at 12l1 cents. There was no
news to account for the drop from so
and rs cents to that low level, so it
is presumed that somebody in immediate
need of money dumped some Mesabi
Iron, for sale at the market, and there
not being any bidders at the moment,
some buyer appeared with the low bid
quoted. The stock has since been
quoted at so cents. The Mesabi Iron
Company controls great tonnages of
low grade magnetic iron material on
the eastern Mesabi range. It has a
plant of a capacity to produce 800 tons
sinter per day, but the plant cannot be
operated at a profit on the present sell
ing prices Of iron ores. It is a big
enterprise, in the hands of the Jack
Iug-Hayden interests, and with the
approach of exhaustion of the high
grade natural ores of the Lake Superior
region will, it is confidently expected,
become one of the important pro-
ducers of the Mesabi range. The COM
pany also owns a large low grade iron
property near Black River Falls, Wis.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1931-11-27
EpUOrth League Events.

Sunday evening at GAS the League
will meet and a very interesting pro-
gram has been prepared for the meet
ing. Miss Mildred Carlson will be
chairman and Miss Harriet Jeffrey
leader
A vocal solo will be rendered by
Edward Farley and the topic for the
evening will be Deciding for Jesus"
Everyone is welcome and should not
miss this meeting.
Tonight at 7:30 the League viii have
a business meeting and social time in
the church parlors. The plans for the
big winters program will be discussed.
Hostesses for the evening are Misses
Bessie Childers, Maragret Dinsmore,
Isabelle Nankervis and Catherine
Childers. Every member and those in
terested are heartily invited to at
tend.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1931-11-27
Ely Boys Get Boost.

In the November issue of the st.
Cloud College Chronicle, two of Ely's
young men attending the college re-
ceived a fine mention as valuable foot
ball material. They are Steve Smrekar
and ''Tubby" Banovetz. In comment
ing on these two players in the recent
game with Hibbing j. c.. and won by
st. Cloud 10 to O, the Chronicle says:
THE fellow who does the most work
and gets the least credit is the blocking
half, Steve Snrekar Steve always puts
his man out of the way to let the other
backfield men pillow down the field.
Just watch Steve sometime and see all
the work he does'
'Tubby Banovetz was the cause of
many Hibbing loss. He also made
possible touchdown when he fell on
a tumble on the Hibbing seven yard line
Then Doane plunged over the goal"
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1931-11-27
On This
Occasion
Just q few thoughts by the Editor
on things Material and Immaterial.

The old wheeze of "He
who pleads his own case in
court has a fool for attorney
was knocked into a cooked hat
last week. Governor Olson ap-
peared in District Court in
Ramsey ounty and defended
his minimum wage schedule
against attack by highway con-
tractors. Under the existing
statute the governor argued,
the commissioner of highways
has absolute discretion in the
letting of contracts and may do
all work on highways, if he
chooses, by day labor without
letting contracts.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1931-11-27

The Arrowhead section of
this great state is not so slow
when athletics, especially foot
ball, at the state university is
being played. Nagurski, the
big shot from International
Falls two years ago, gave the
Arrowhead front page history.
This year we have on the
Minnesota team, Stein from
Hibbing; Somers on the regu-
lars and Knoll and Koski on
the reserves from International
Falls; Dillner and Boland from
Duluth; Dennerly from Aitkin !;
McPartlin of Bemidji. Next
year Hribar of Nashwauk will
strengthen the fullback berth.
Not so bad for a small section
Of Minnesota?
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1931-11-27
GAS TAXES SHOW
no DEPRESSION
Collections to Nov. I are 81
Per Cent Over 1890; Auto
Taxes Drop.

Minnesota is enjoying year Of pros
perity, If the amount Of gasoline used
is any index. Gas taxes collected from
Jan 1 to October 81 totaled sa,s22. Gas,
compared to s8,119,63S In the same
months in 1880, an increase OF 81 per
cent. The figures are the net couec-
tons after deducting refunds for gas
ollne used for agricultural and indus
trial purposes. Two-thirds OF the gas
tax goes to the trunk highway fund
and one-third to the state aid fund for
distribution to the counties.
Motor vehicle taxes, however. show
slight decrease. Up to Oct. 81, TBS. 4os
vehicles had been registered. compared
to 1858 at the same date IN 1880
The decrease is only one-haf of one
per cent, but it is the first time since
annual registration commenced, that 4
decrease has been recorded Due q
the drop in prices, and the larger pro-
portion Of old cars, the average tax has
dropped from Slab IN 1890 TO sI4s3
IN 1881 Taxes collected for the Ten
month period totaled 1885, $40 IN 1891
and s10,931 ,720 IN 1890, a decrease Of
q per cent. The increase in gas taxes
more than offset the drop In auto taxes.
so that trunk highway fund receipts
from the two sources were S22s sss
greater than the same months IN rsso
# one were to draw any conclusions
from these figures, it would PROBABLY
be that there is as much business and
recreational activity IN Minnesota a
ever. Due TO business uncertainty
many people are putting OF buying new
cars. but they are making more use cf
the old cars than ever before. The
gas consumption figures are n Hne
with the traffic counts taken by shs
Minnesota Highway department, which
show more vehicles using the high
ways this year than ever before.
There viii probably be q very rapid
increase N motor vehicle registration
and highway traffic when business con-
d1tlons return TO normal" Commissioner
c. NJ. Babcock predicts. IF there had
been any curtailment Of highway con-
struction during the so-caIIed d.
preston. We would soon find our hsxt-
ways grossly inadequate for the m
creased traffic We are likely to have.
fortunately the gas tax increases n
proportion to the traffic, and IN ad-
clifton to this bond issue has enabled
US 70 do a lot Of much needed work.
taxing advantage Of prevailing low
prices ON materials and getting more
work per dollar than ever before. AZ
the same time it has given employment
To thousands of people who needed
work.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1931-11-27

No Disability Months Prize.
Distributed to the Zenith
Employees.

Contrary to the custom which has
prevailed at the Zenith mine of dis
tributing Safety First Cigars" in the
mo Disability Months credits division,
Isl were given 50-pound sack of
flour and two pounds of coffee in the
distribution which took place last week.
The safety prize was purchased with
the credits accr,ling through mo Dis
ability Months" at the mine. The men
decided on the prizes to be purchased
and are highly pleased with the division
this year. The plan was adopted last
year and took the place of the giving
of the cigars formerly to the men for
every mo Lost Time" month
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1931-11-27
Conservation Commission
AbsOrbs Tourist Bureau.

The Minnesota Tourist Bureau of
which H. c. Hotaling, ST. Paul, is head,
has been absorbed by the newly created
Commission of Conservation, Assistant
Attorney General John F. Bonner, ruled
Friday.
The opinion was given at request of
w. T. Cox, state commissioner of con-
servation. who said he wished the in
formation for the use of the state
conservation commission.
Action by the commission is ex-
pected probably at the December
meeting on the disposition of the
bureau and the Office of Commissioner
Hotaling who draws a salary of 5000
yearly.
Mr.. Hotaling also is secretary Of the
Ten Thousand Lakes-Greater Mime
sofa Association, which assists the
tourist bureau in advertising the recre-
ational facilities of Minnesota, and is
secretary Of the National Editorial
Association.
The last legislature appropriated
$37 500 for each Of the two years of the
biennium to be used by the Minnesota
Tourist Bureau. In addition funds are
received from the Ten Thousand Lakes
Association, donated by various civic
groups organizations and private in
dividuals.
The activities. duties and powers
vested in the Minnesota Lands and
Lakes Attraction board, abolished under
the reorganization act of 1925, and
taken over by the Minnesota Tourist
bureau under the old department of
conservation, now are vested IN the
Minnesota Conservation commission,
Bonner held.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1931-11-27
Chdufeurs Can RenelU
Licenses in November

ChauffeurS expecting to renew their
licenses should remember that they
may be spared the inconvenience and
extra expense of taking an examination
if they will send in their applications
for renewal before December 1. Sec
ton 4, Chapter 433, Laws 1929 provides:
"All chauffers' licenses issued
hereunder shall expire at midnight
on December 81, of the year for
which it is issued, but may be re-
newed without examination upon
such evidence as shall satisfy the
Secretary of State that the icensee
is qualified to continue as a ciaauf-
feur, but no renewal of license
issued before November l, in any
year shall be granted unless ap-
plication for such renewal is made
during the month of November of
the year for which the license was
issued"
There is no provision in the law for
the time for renewal without
examination. Therefore if the appli-
,ation is not mailed to Mike Holm,
Secretary of State, Saint Paul, Mime
'ota, before December 1, he cannot
ssue a license for the coming year
except upon regular examination.
Application blanks were sent out
rom the Secretary Of States Office
n Saint Paul to every licensed chauf-
eur in the state during the last week
If October, addressed to the last known
ADDRESS of each.
Many of the blanks have been re-
urned to the Office unclaimed" says
Mr.. Holm, evidently because those
particular chauffe,Irs have changed
heir addresses wit.fsut reporting the