davidaulloa/AmericanStories huggingface dataset:
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-01-14
AIRPLANE JOURNEY Il


The students 0t Junior High ga
grade : ID enter high srh0ol this
month and they celebrated this
cur standing event O. entertaining
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-01-14
PERSONALS

ne r1-heSs native Irdzzn r-5ure
- TIE wc-6 = sad g g Nt--
g HT1Eahz1- rlieE - Tr1zx
Ee--e- STATE Il las he@a c.
pETec thai Is wealth exceeds s1at
O. EockeseleT zrd Fcr
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
Grain Market

BY the Associated Press.
CHICAGO, October 6.-Upturns ia
grain prices early today accompanied
brisk rallies shown by securities. There
were also reports that the amount of
wheat afloat for Europe was now only
sufficient for two or three weeks re-
quirements
Opening at 14a1-cent advance, wheat
afterward gained further. Corn started
unchanged at Il higher and continued
to point upward.
Besides the stimulus given to wheat
as a result of stock market jumps, buy
ing received momentum on account of
drought advices from Western Kansas
With rs per cent of the wheat acreage
in that section still unseeded, reports
said growers had stopped planting and
would do no more until it rained. An
other bullish factor was word that seed
ing was slow in parts of Russia, that
seaboard receipts in Rumania were de-
creaSing, and that falling off in Black
Sea shipments appeared likely.
On the other hand, tremendous
stocks of wheat were reported to be
held at present in Great Britain. almost
100 per cent more tnan was the case
a month ago. A leading unofficial au-
thority was also quoted as saying little
change was apparent that European
continental countries would make any
appreciate modification in import
duties or milling quotas before 1882.
Corn and oats were strengthened by
forecast of showers over the main corn
belt following heavy rains in Eastern
Nebraska and Western Iowa.
Provisions responded to grain strength,
despite lower quotations on hogs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
OUTLOOK IN TRADE
OF WEST IMPROVES.
Commodity Prices Expected
to Show Gain in Near
Future.
Dispatch to The Star.

special Dispatch 10 Inc star.
KANSAS CITY, Mo, October eff
greater activity in trade is to come dur
ing the Autumn, it is about due. In
view of the low stocks on shelves OF
retailers and the nd-to-mouth buy
ing, it is logical that so far as neces-
saries, some of which formerly were
luxuries, are concerned the movement
of commodities should show better
account than for the past four months.
While 1t is complaint that the farm
country has no ready cash, the reports
from county fairs tell of crowds as
large as usual, and the movies in the
country towns are prospecting at prices
far above those of 10 years ago. Money
seems plentiful to run all the motor
cars. and some activity is noted In sell
ing the cheaper lines OF cars.
Along with this is increasing unem-
ployment as farm work for the Autumn
is ending and seasonal work in the
towns decreases. The planning indi-
Gates that the unemployed will have
far better care during the coming Win
ter than last year. Every city Is al
ready making definite arrangements 10
handle what is expected to be an eX-
ceptional burden. Extra work where
possible, public Improvements and some
sort of labor for those who must have
aid are a part of the plans
The demand for loans on local banks
all through the Southwest is stronger
than usual at this date, and banks are
counting on a continuance of this for
several weeks, at least until the holi-
day season, when 1t Is felt there may
be better sentiment. with aNdisposi-
ton to loosen up on grain holdings and
settle the seasons finances.
Borrowing for feeding cattle is under
way, but a new system is taking the
place of the individual handler Of live
stock The cattle companies ship out
the cattle and pay the feeder per pound
for all he puts on them during the sea-
son, usually cents a pound. The
farmer has no investment and sells his
corn and wheat and other feeds at a
price dependent somewhat on his abil-
ity to add to the weight Of his animals
cheaply. This is relieving the local
banks Of a considerable burden in di-
rect loans. but many are buying the
cattle paper issued by the companies
owning the live stock. Rural banks
generally are taking only short-term
paper at this time, feeling that they
should be prepared for any possible
drain on deposit accounts later in the
Autumn or Winter.
Copyright, 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
STOCK REPLEDGING
PRACTICE QUESTIONED
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, october 6.-The re-
ported practice of local brokers in re-
hypothecating stocks, bonds and other
securities deposited as collateral for
loans will be brought to the attention
of the attorney generals Office for a
ruling as to its legality, it is said.
The law requires that the consent of
the owner of such securities must be
given before the broker may himself
re-pledge them. In many cases, it is
reported, the owner gives his consent
by signing the loan application without
having the fact specifically called to
his notice.
Whether verbal assent to the re-
hypothecation of securities is ample or
whether the consent must be in writing
to avoid possible future question is one
of the points which it is said the at
torney generals Office will be requested
to consider.
The Maryland statute forbidding the
re-hypothecation without the owners
consent fixes a maximum fine of 5000
and imprisonment for five years in the
penitentiary for the offense.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
Washington Produce

Butter-One-pound prints, 81 tub, SO.
Eggs-Hennery, 32a33; current re-
ceipts, 20a24.
Poultry, alive-Spring broilers,
pounds and over, 24a25; 2 to 81.
pounds, 22a23; IL to pounds, 24a25;
hens, large, 23a24 small, 17a1S; Leg
horn hens, 15a16; ROSTERS, 14a15.
Poultry, dressed-Spring broilers, 8
pounds and over 27a28; 2 to 2i2
pounds, 25a27; IL to pounds. 27a28;
hens, large, 24a25; small, 19a20; Leg
horn hens, 17a18; ROSTERS, Is; Long
Island ducks, 2la22; turkeys, old toms,
30a32; young toms, 36a38.
Meats-Beef, prime. 16a17; choice,
15a16; good, 14a15; medium. 1212a13;
fair. 1ia12: COW, 812a9; lamb, top, IT;
medium, 15al6; veal, top, II; good,
15a16: pork loins, to 10 pounds, 22a
%; 10 to - pounds, 18a19: IA to Is
pounds, 15a16: fresh hams, 10; smoked
hams, 81; strip bacon, 22a23; lard, in
bulk, 912a1o; in packages, 1ol2a11:
medium, 5.5oa5.75; heavy, 5.oOa5.50;
pigs, 5.OOa550; roughs, 3oOa4.00;
calves 400a1000; lambs, 6.00a7O0.
Fruits-Cantaloupes 1.50a300; ap-
pies, Delicious. 275: Winter Banana,
1.75; nearby, 25a100; pears, 3.00a3.25;
peaches, 1.25a1.75; oranges, 3.75a5. 90:
lemons, 6.50a8.50; lines, per 100, Its;
honeydewS, 1.25a1.75; Persian melons,
1.75a225; cranberries, 25 pounds, 200a
2.25; grapes, Tokays, 200a2.25; Mala-
gas, 200; Ribiers, 2.25; Cornichons,
Its; plunls, $50.
Vegetables - Potatoes, nearby, 150-
pound sacks. 1.50a1.75: Long Island,
175a1.90; Idaho bakers, 100 pound
sacks. 25Oa275: tomatoes 2-peck
baskets, LOCALES: cauliflower, 1.50a
It's; carrots, crates, $50; per dozen
punches, rs; beets, per 100 punches,
200a3.00; string beans, 75a1.25; limas,
10Oa2.50; elephants. 1.00a1.25 mush-
rooms, 40a65; squash. per bushel, 3.00a
$50; peppers, 100; celery, small crates,
50a1 Co., turnips. 75a1.00: sweet pota-
toes, yellow, scars: Nancy Halls, 75a85;
Porto Rican. 75a85,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
Everybody's Business
Investors Heed Only Prophet of Woe, But in the
Long Run Reason viii Hold Sway and They
Will Pay Dearly for Folly.

position to stage comeback, which is
sure to come, as the present crisis was
inevitable after the wild orgy of specu-
lation in which the whole world had
become engulfed.
Todd in Good Condition.
Another instance Of the absurdity
forded by the shares of Todd Shipyards
Corporation, outstanding at 217,679 and
representing the only capital liability
OF the company. At the beginning of
the current fiscal year, April /, the en-
terprtse had cash and accounts receiv-
able OF close to $40 a share earnings
prior to depreciation amounted for the
year ended March 81 to $6.93 per
share and depreciation to $2.67, leaving
net profits applicable to the common
amounting to $4.26. Eliminating en-
tirely the valuable fixed assets of Todd,
the company has cash and equivalent
10 well over 60 per cent of the present
selling price OF its entire capitalization
Would Restore Confidence.
OF the numerous recommendation
made by the United States Chamber of
Commerce the one pertaining to the
creation of national economic council
Is perhaps the most commendable
While one must admit that such coun-
Gil could not perform miracles and
bring about complete change in con-
ditions overnight. it should go a long
way toward restoring confidence in the
inherent soundness of the United States
and its institutions. The formation of
ceeded with Immediately.
Auburn Shipments Double.
Shipments of Auburn and Cord cars
for September are approximately double
those of September, 1880, according to
r. H. Faulkner. president of the Au-
burn Autom obile Co.
The total number of cars shipped for
the first nine months of the current
year amounted 10 1896, as compared
with 1888 shipped during the CORE
spending period in 1880. a gain of more
than lao per cent. Curious though it
may seem, the effect upon the shares
OF Auburn has been exactly the opposite
of what normally would have been ex-
pected and of what normally would
hav taken place.
Employers Can Help.
II responsible American employers
will say fatty to their present employees
that these employees can depend upon
their present employment, that action
will put a sterilization basis under a
large section of the American retail
market, according to Matthew VOL.
vice president of the American Fedora
ton of Labor.
Mr.. Vol adds that such action will
be bound TO stimulate the withheld de-
mand for goods into an activity which
Will give much needed reason for in
duStrial movement.
Edward D. Duffield, president of the
PRUDENTIAL Insurance Co., seems to meet
the above demand at least as regards
his own company. Mr.. Duffeld is per-
fectly willing to state that it is the
intention of the Prudential to retain.
so far as possible. its present employees
in its employ, and as far as is feasible
at the wage or salary scale now in
effect.
tCopyright; 1881. by the North American
Newspaper Alliance, Inc)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, October 6-The fol-
lowing Is summary OF important cor
poration news prepared by the Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
Although the trend at this season Of
the year is downward, the decrease in
automobile production for the week
ended october 3 was greater than the
normal seasonal decline. Actual out
put totaled 32,253 units, which COM
pares with 1916 units in the previous
week and Al ,289 units in the CORE
spending week of 1890 according to
Grams automotive reports.
The Companies.
Kaybee Stores September Sales up
l.8 per cent. nine months up 12.4 per
cent.
Kayne Co. September shipments
above year ago.
Kelvinator Corporation 1881 earnings
estimated at $1.55 a common share, VS..
actual earnings of $l.35 for 1880.
United States Gypsum realized profit
in third quarter.
American Telephone & Telegraph
August gross earnings reported to I. C..
c. for operating activities off SO per
cent, operating income up 22.2 per cent,
eight months gross off 81 per cent,
operating income up "a per cent.
Atchison, Topeka & Santa Fe Rail-
way-Grain traffic continues above
year ago, but all other classes lower;
August expenses cut $1,711 900, COM
pared with year ago.
Connecticut Electric Service common
share earnings based on average num-
Der of shares outstanding year ended
July 81, 1912 VS.. S349.
F. g. w. Grand-Silver Stores Sep
TENDER sales up 0.8 per cent nine
months. up IL per cent.
Grand Union Co. store sales four
weeks to September 26 up 1.3 per cent;
tangible sales up 19 per cent.
Grant (W. I'd Co. September sales
up 5.3 per cent; nine months, up 83
per cent.
Great Western Sugar-Current beet
crop estimated over 100000 tons, or
100000 tons less than average for last
three years; to pay SIS ton minimum
price for beets VS.. 81 year ago.
Lerner Stores September sales up 81
per cent; nine months, up 81 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
DIVIDEND CHANGES.

NEW YORK, October Especially =
While this has been one of the most
disturbing weeks in the year, it has
been a quiet one in the matter of
changes of important dividend rates.
The Baltimore & Ohio declaration was
larger than had been anticipated,
though 81 a share under the previous
payment It had been a foregone con-
clusion that the rate on Columbia Gas
& Electric would be lowered. This has
been more harmful to the per cent
preferred stock than to the common,
the latter having advanced and the for
mer having dropped to level about 80
points under its high of the year.
Allis Chalmers has had its dividend
cut from 81 share to 81, which had
also been foreshadowed in the break
in the price below Is. During Septem-
Der, 106 dividends were reduced and 1913
passed. This brings the total changes
for the last nine months, according to
Standard Statistics, to 684 decreases
and 991 omissions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
BY DIR. MAX wINKLER.


NEW YORK, october ct would
seem almost futile to call upon the
American investing public to reason
clearly and logically. They appear at
the moment incapable Of doing this.
Vague fears as to what Is hanging over
the securities market, the whole country
and the entire world have taken too
firm a hold on them to render them
susceptible to national deductions.
Those who refuse to believe that the
world has come TO an end are not
listened to. Only the prophet OF woe
is needed.
since time immemorial it has been
the false prophet who commanded at
tention and respect. In the long run,
however, fundamentals will triumph
and reason will once more hold sway
instead of fear and superstition, and
those who sacrifice securities today and
store up specie will pay dearly for their
folly.
Banks Dispose Of Holdings.
The continued lack Of confidence Is
forcing banking institutions throughout
the United States to dispose of large
blocks of their holdings. So-called
second-grade securities, or such as do
not enjoy very ready marketability,
have already to a very appreciate eX-
tent been thrown on the market at
prices which in but few, II any, in
stances were representative Of their
inherent value. The present wave of
selling applies, therefore, largely to the
better class securities, both shares and
bonds.
The principal aim Of the banks is,
naturally, to get into as liquid a posi-
tiop as possible in order to handle
whatever demand may be made upon
them by depositors. While the indi-
vidual may imagine himself in a state
of bliss if he obtains his deposits and
converts them into cash, which he
boards in happy thoughtlessness, he
does not stop to appreciate the grave
consequences Of such tactics.
If the tendency of Withdrawals and
subsequent conversion into sterile cash
continues, the bulk of the banks of
the country will have their assets in
cash, call loans, Government securities
and prime paper. The chief agency of
financing the countrys business will
thus be either eliminated altogether or
greatly impaired.
The Importance of tackling the bank
ing situation is apparent, and it is in
cumbent upon the Federal Reserve
Board, the large commercial banks and
leading business enterprises to devise
ways and means of giving the matter
immediate attention, with a view to
correcting it before the situation gets
beyond control.
In Position to Stage Comeback.
Eliminating the 40 per cent stock
dividend, United States Steel common
is selling at the lowest levels since the
early stages of the war boom. II &C
count is taken of the stock dividend in
June. 1927. prevailing prices of about
81 are actually equivalent to a quota
ton of more than Sc.
While it is true that the immediate
outlook for improvement in Steel COM
pany earnings cannot be viewed with
too much optimism, one must not lose
equity has been created by the cor
poration and that it Is in an unusual
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
CURB SHARES GAIN
!. in BRISK DEALINGS
White House Conferences
Give Stimulating Influence
to Whole Market.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, october 6.-The Curb
Exchange advanced briskly today on
the news that President Hoover was
holding important conferences at the
White House and on the new exchange
ruling that all sales of stocks and bonds
must be reported whether for long or
short account.
Electric Bond g. Share ran up about
2 points by midday. Cities Service
was up shade. Commonwealth Edi-
son gained about points. Aluminium
Co. of America jumped more than 6
points. United Light & Power A rose
over a point.
Middle West Utilities responded to a
statement by Chairman Samuel insult,
which in effect said that the various
companies with which he is associated
reported today fully as much new busi-
ness this year as in the same period
year ago.
I'VE have not" Mr.. insult continued,
sold any Of the operating company
stocks held by our investment COM
panieS and in other funds controlled
by us. The drop in the prices of port
folio securities has, of course, been re-
f1ected in the prices of securities of our
holding companies. The shrinkage of
portfolio values however, has not justi-
fed current low prices for their prior
securities"
Before the rally started, just after the
first half hour, fractional recessions
brought many issues to new lows, in
Guiding Niagara Hudson Power. Penn
road, Ford Motor of Canada A, Lone
Star Gas, Standard Oil of Indiana,
Standard of Kentucky, Humble Oil,
Mead-JohnSon, Parker RuStproof, insult
Utility, Swift Packing and Columbia
Pictures. Virtually all of these shares
rallied during the general urAwing,
which received its impulse largely from
the belief that President Hoover's state
ment would be of interest to real estate
men and bankers and deal with frozen
loans on real estate and bonds now
being carried by country banks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
Brokers' Comment

NEW YORK, October 6.-Brokerage
houses today called the wave of liqui-
dalton "hysterical" A sharp technical
rebound, some said, was likely to occur
at any time.
Redmond g. Coin assituation where
reason has given way to hysteria, it is
useless to speculate how far the re-
action will carry. Current prices may
prove to be ridiculously cheap a year,
or two years, from now. but that Is no
assurance that they will not sell lower.
We prefer to let the tape tell its own
story and to defer new purchases until
it is apparent that discouraged and
necessitous liquidation is out Of the
way.
Hornblower & Weeks-We would
watch the action of the market itself
for a clue to the termination of the
current phase of liquidation, believing
that technical considerations rather
than outside developments should form
the basis for the next important upturn
when 1t occurs.
Shields g. Co.-With confusing ru-
mors in circulation as never before the
smart trader is maintaining as liquid
position as possible dI1a COlIlIlALiS OpSl-
ations to quick trades The number of
potential investment buyers is increas-
ing daily, but this demand will not be
enjoyed until the market settles down
and there is definite indications that
liquidation has run its course.
E. F. Hutton & Co.-The market has
gone to unexpected extremes in def1a-
ton as it did to unexpected extremes in
imitation, but the level of quotations is
no more a measure of values in the
present case than it was during the
1929 boom. The purpose of many small
investors and haphazard spectators
will be best served by waiting out the
decline until dependable signs of sta
bility are visible. Those able, DESTROYS
and willing to take advantage of pres
ent buying opportunities should do So
From the trading standpoint it is our
feeling that a sudden turn is likely at
almost any time
Paine, Weber.-Suggest that traders
keep close watch for climactic flush of
selling, out of which an automatic rally
such as occurred two weeks ago, might
easily develop within a matter of hours.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
Bank Educational Campaign.
By the Associated Press.

By the Associated Press.
A countrywide educational campaign
to create a more accurate understand
ing on the part of the public of the
operations of banking is being consid-
cree. by the Financial Advertisers As
ISOLATION
A financial authority, addressing the
association at its last convention,
pointed out that the present lis par
ticularly a time for good will and in
stitutional publicity not only for .indi-
vidual institutions, but for banking
groups and associations, in which,
through paid space and public utter
ance, the essential truths about the
banking business are established in the
public understanding"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
SHORT SELLING DRIVE
BY EXCHANGE PURSUED
BY the Associated Press.

By the Associated Press.
NEW YORK, October GA further
step in its movement to check up on
Snort selling in stocks was taken today
by the New York Stock Exchange.
The committee on business conduct
directed that before executing any SELL
ing orders, members shall ascertain and
notify their floor brokers whether such
orders are for "long" or short" account.
Members having out-of-town CORE
Spondents were further directed to
transmit this ruling to their correspond
ents Immediately by wire.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
Stock Brokers Suspended.

MONTREAL, october P.-Wat-
son & Chambers, stock brokers. were
suspended by the Montreal Stock Ex-
change today. The firm was suspended
under the rule invoked yesterday in the
suspension of the firms of McDougal 81
Cowans, and Greenshields & Co. The
suspension of the firms followed the
filing of petitions in bankruptcy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
New York Cotton
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, october 6.-Opening
cotton prices today were steady. A
small amount of hedge covering in Oc-
tober served to Offset selling and in
distant months there was little activity
on either side of the market.
Opening prices were october, SIS, up
1; December, $50, off i; January, $50,
off /; March, 5.78, unchanged: May,
597, of 1, and July, 6.15, unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
METAL MARKET.

NEW YORK, October s (P).-Copper
quiet; electrolytic, spot and future, Z.
Tin easy; spot and nearby, 22.25;
future, 1880. Iron quiet and I'M
changed. Lead steady; spot, New York,
400; East st. Louis, 1882. Zinc easy;
East st. Louis, spot and future, 3.57.
Anthony. $50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06

A French scientist has invented a
motion picture camera which is capa-
bic of taking between 1000 and 5000
single exposures every second.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06

ST. Petersburg, Fla, claims to have
established the first open-air post Office
HI the omitted States.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06
CHICAGO DAIRY MARKET.

CHICAGO, october 6 R.-Butter,
SOTO tubs; firm; prices unchanged.
Eggs, 3.708 cases; firm; extra firsts,
243; fresh graded firsts, 231z; current
receipts, 18a211a.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-06

The tangelo, a citrus product of Flor
ida, Is cross between the tangerine
and grapefruit.