davidaulloa/AmericanStories huggingface dataset:
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1931-08-20

johnson had her eyes examined
but did not receive much salts
faction except that she must wear
dark glasses and save her eyes
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1931-08-20

Miss Lillian Wabl. i.
spent the summer in snO,. has
came home with Mr.. and 'N me-
Carmichael Tuesday night nl''
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1931-08-20

&
Vale Grange was regular bee
hive Saturday night considering
the number who attended. Harry
Grimm's team put on the pro-
gram. After the program lunch
was served and later dancing
was INDUCED in, Mr.. Grimm fur
nishing the music with his violin.
Mesdames Erickson, Carlson,
Larson, Chalcraft, Krohling, F..
johnson, Hackney and Mr.. Bundy
served the lunch.
The program consisted of the
following: musical trio, Mrs. Ba-
ker. Harry and Everett Grimm.
Girls quartet: Helen Ruud, Jean
Cheyne, Irene Rose, Florence
Hackney.
Harmonica trio: Ted Weber,
John Schnnitzne, Harry Grimm.
Boys quartet: Harry Ehren-
berg, John Schennitzni, Elmer
Baker, Ted Weber.
Violin solo: Helen Ruud.
Mixed quartet: Helen Ruud,
Mrs. Hammang, Harry Grimm &
Ted Weber. I
Accordion solo: j. Anderson.
Girls Sextet.
Piano solo: Helen Anderson.
Boys quartet.
Duet: Helen Ruud and Helen
Erickson.
Ocarino solo: Harry Grimm.
Merry-go-round: all.
Duet.
Girls trio: Irene Rose, Fean
Cheyne, Flo Hackney.
Lonesome cowboys.
Song: girls.
Orchestra.
Miss Elsie Ziemer of Ritzville
is visiting at the L. w. Kurth
home.
Benjamin leighton went as far
as Spokane with Mr.. and Mrs.
Carmichael, then went to Bonners
Ferry for a visit.
Mrs. Harry Miller and Miss Eve
lyn Yedica entertained for dinner
Sunday, Mr.. and Mrs. Earl Jones,
Mr.. and Mrs. Relton, Mr.. and
Mrs. C. H. Yedic9 of Kennewick,
Dean Yedica, Misses Bernita &
Marguerite Jones.
Douglas Brotherton went home
to Walla Walla Friday. He has
been staying with Victor Citron.
The score Sunday was 2-3 in
favor of Hartford.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1931-08-20
Richland News Items

Residents Rhand invited give the district greater
publicity informing the correspondent of the happenings OF
the community.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1931-08-20
SATURDAY Only

From Peoria to Pa
rec in a journey
full Of glee.
Leon Enrol and Ia
Su Pitts as "Mr.
and Mrs. Haddock";
Mitzie Green and
Jackie Scarf as the
cut-up kids who can
not keep out Of
trouble.
. Laff-after-laff!
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
PRICE PROPAGANDA SAID
TO RETARD RECOVERY

Special Dispatch to The Star.
NEW YORK, July 18.-The theory
that the depression will be cured by a
return Of prices to the former high
level Is a false one, says the Alexander
Hamilton Institute. The distressing
feature of the situation is the fact that
this theory has not yet been entirely
abandoned. The railroads petition for
a is per cent increase in rates Is q
striking illustration. AS long as busi-
ness policy Is based on this theory, just
SO long will recovery from the depres-
sion be retarded
"The argument Is that prices cannot
be reduced because Of the cost Of pro-
duction. The fact remains that the
cost of raw materials has been greatly
reduced. The income Of the producers
Of raw materials has been correspond
ingly reduced. These producers can no
longer buy finished products, or services
such as railroad transportation, in nor
NAL quantity. With reduced sales the
producers of finished goods find their
profits curtailed.
eff one carries the high-price-and-
prosperity theory to its absurd conclu-
sion, the producers of finished goods
would have to raise their prices pro-
gressively further and still further re-
duce sales volume, eventually to zero"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
Oil Curtailment
Plan Succeeding
In Middle West
100, OOO-Barrel Cut i'm
Daily Production Seen
by Trade.
Special Dispatch to The Star.

TULSA, July ia more definite
curtailment Of producing operations IS
occurring IN practically all the fields
in the midcontinent oil region. Settled
older areas, aS well as the newer flush
fields, will furnish o supply probably
100000 barrels daily less than Q week
ago.
The reduction in crude oil prices
made by major buyers has crystallized
the opinion OF those producers who were
undecided as to whether producing op-
erationS could be continued indefinitely
on a market twice as high as now pre-
walls.
The 10 to % cent prices Of recent
origin, although posted by major units
with one exception, are far from being
generally applied. Although purchases
by these interests represent an over
whelming percentage of the daily out
put, in number the buyers that continue
to pay the former prices Of rs to 81
cents outside of the East Texas fields
forms an impressive angle of COMPETE
ton. In the latter are grouped those
buyers who are operators Of the smaller
refinerieS IN various parts Of the five
States Of the Southwestern oil region
They refine probably more than IL per
cent Of the fresh petroleum.
While at subnormal prices, the crude
oil market Is In a position to turn It's
course. The curtailment In producing
operations in all fields outside OF the
East Texas area may be expected to
exert more Of an influence on prices
from now on than the production from
the newer oil region. Many well In
formed oil men link whatever the
change might be with the results of the
legislation sought from the special SEES
sion Of the Texas Legislature. While
undoubtedly this Is a factor, its inapor-
lance may be felt more later on than
IN the immediate future The problem
that oil buyers are beginning to face
for the first time in the history Of the
midcontinent field IS the refusal Of the
producer to sell his production. Not
only Is the free supply of Oil reduced
by curtailment, but important producers
have turned their output into storage
rather than In the pipe lines within
the last week
(Copyright, 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
MAY REMOVE RAILROAD
BONDS FROM LEGAL LIST
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, July 18.-Bonds Of 10
Of the largest railroads in the United
States are likely to be removed from
the New York State legal list for
savings bank investment at the end
of 1881, unless some change Is pre-
viously made in the existing law, it
was asserted today by Moody's Investors
Service.
Eight other important carriers oc-
cupy a doubtful position SO far as the
legal status Of their bonds Is concerned,
the survey declares, while the bonds
Of IL companies are classed as likely
to remain legal even If the statute is
not amended and II earnings continue to
decline.
These results are indicated by poor
earnings for the first six months Of the
current year, as well as probable SINH
lar low earnings for the remainder of
the year and by the slim margins
by which various companies covered
fixed charges one and one-half times
in $780," Moody states. Bonds qualify
as legal under the New York law when
the company represented earned fixed
charges one and one-haf times in
five of the last six years, including the
latest year, and paid dividends on stock
equivalent to one quarter Of fixed
charges during i've Of the preceding
six years"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
STEEL MILL OUTPUT
DROPS DURING WEEK
Copper Market Shows Firmer Tone
Other Metals Are Ir.
regular.
By the Associated Press.


NEW FORK, July 18.-Steel mill &C
ttv1ty has receded almost to the low
point Of last December and the pros
pect IS said to be tor further slight tap
ering of during the remainder of the
month. Steel ingot production is now
estimated at 80 per cent of capacity as
demand Tor products is restricted by the
usual Summer shutdowns in many in
duStrieS. The trade looks for q mod
crate pickup in buying during August
owing to small inventories in many
lines and a fair tonnage OF orders pend
ing for various construction projects
the largest being q tentative award OF
10000 tons for the Golden Gate Bridge
San Francisco, formal award Of which
awaits sale Of bonds. Some irregularity
Is reported In prices. with announced
advances for third quarter being held
firmly for some products and con-
cessions being accepted for others. Pig
IRON Is quiet and barely steady.
Although copper was available
through custom smelters at 7N cents
large producers maintained quotations
at cents for electrolytic in the Con-
necticut Valley last week and the Under
tone was f1rmer at the close Of the
week. Improved foreign buying was
promoted by q more favorable view,
Of Central European conditions while
domestic. demand increased somewhat
following announcement Of further chr
tailment by large producer, and no
metal was available under cents late
in the period.
Sharp and irregular fluctuations IN
tin caused consumers to Withdraw from
the market and demand was limited
Partial rallies occurred late In the week
IN sympathy with London, but buyers
held OF. 49,
Demand for lead was stimulated bv
Q favorable view Of the June statistics
which reveal the first decline In sur
plus stocks since the Spring OF 1880.
Zinc held steady largely in sympathy
with the firmer tone to the Copper
and lead markets, but buying con-
tinues on restricted scale. Antimony
was easier in dull market.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
PROGRAM IN STATE
BANK AIDS SOUGHT
Nine Officials Meet to Devise
Methods for Helping
Institutions.
BY C. b. UPHAM.

United leadership and uniformity
Of action are promised to the State
banks OF the country. Common cause
is being made by those responsible
for the supervision Of State-chartered
institutions.
The heads Of banking departments
in nine States, within which are In
Guided about two-thirds Of the total
resources of all State banks, attended
meeting to discuss the problems
which confront them all.
The combined assets Of the State
banks in the nine States represented
are greater than those Of all the ma
total approximately $4,000, 100000 out
Of q total for all State banks Of $45,-
000, 000, 900: and compare with some
$27, 0,000. 900 for national bands. The
States concerned are Illinois, Maryland,
Massachusetts,, New Jersey. New York,
Ohio, Pennsylvania, Virginia and West
Virginia. Only three other States have
State bank resources In excess Of
81 .o0o. 000. 000-California, Connecticut
and Michigan.
The meeting was held at the invi-
tation Of the secretary of banking for
Pennsylvania, DR.. William D. Gordon.
He is a newcomer to the field OF State
bank supervision, having been ap-
pointed by Gov. Pinchot in March.
He has a thorough knowledge and
understanding of banking problems.
DIR. Gordon was of the opinion that
an exchange of ideas would prove bene-
fetal and would make possible the
formulating of a uniform policy on
the part of the nine heads of banking
with respect to problems Of a like
nature. Up to the present there has
been little or no attempt to have a
common meeting Of minds on similar
problems. That is one of the defects
in the State banking system which has
been cited by those who are urging an
abandonment of the dual system of
banks and substitution Of single
Federal system. A second meeting of
the group Is planned.
(CopyriRht, 1881
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
INVESTMENT BOND
MARKET IMPROVES
GiIt-Edge Securities Are Now
at Their Best Prices
in Years.
Special Dispatch to The Star.

NEW YORK, July 18.-One Of the
| questions most frequently heard 1r
| financial circles these days is that, II
| business recovery Is truly on its way
then where is the advancing bono
market that Is supposed invariably tc
usher In the new prosperity?
It Is difficult question to answer
because, in one way, the bond market
has improved. High-grade issues are
at their best prices in years. It Is q
phase Of every business depression that
when commodity prices decline, bonds
of the gilt-edsed variety advance In
price. This IS entirely logical because
as the cost of living declines, the income
from perfectly safe bonds can cover a
wider field Of living, and so the demand
for this desirable type of income
increases.
Interest Yields.
Hence we find United States Govern
ment long-term issues selling at prices
where the per annum yield Is only about
per cent. High-grade municipalS yield
their holders only about 81 per cent
on present market prices and prime
corporation issues, such as the sound
est of the rail mortgage and public
utility obligations, return a bare 4 per
cent to their owners.
It Is equally logical to say that with
these securities at their highest, COM
modify prices and business are at their
lowest levels and ready to turn upward.
But this is as far as the bond market
has gone in disccunting returning pros
verify. The broad improvement Of
Second-grade bonds that signals the
quickened flow of industry's life blood
capital-has not taken place. except
temporarily, and then only In a limited
way.
In past depressions Of this century
there never has been an international
situation to match the present one
plenty Of signs in the domestic scene
to indicate that business has come
through the worst of the depression
and few industries have shown un-
doubted improvement. 1t would be
natural for such factors to create q
demand for second-grade bonds which,
with their high yields and-in returning
rosperity-comparativ safety, are at
tractive not only to those dissatisfied
with the thin return from high-grade
issues but also to those looking for some
appreciation of their capital.
But each time in the last 20 months
that the bond market has shown signs
of beginning this type Of advance, some
thing has occurred abroad to unsettle
the situation.
The market for municipal bonds was
quiet this week owing to the scarcity of
new issues, but total bond offerings were
$47, 792, 900, against only $30,613,500 in
the previous week and $85, 100000 in
the same 1880 week. July and August
are the slowest months Of the year for
the new capital market and under pres
ent conditions it will not be surprising
If the stream Of offerings is small for
the next four or five weeks.
(Copyrisht. 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
FLATI1ER ENJOYS ANNUAL STAY
AT POPULAR RESORT IN MAINE
Vice President of Riggs Bank
Has Been With Institu.
ton Half Century.
Started as Messenger Boy
and Is Considered an Au-
thority on Credit.

william ]. Father, vice president Of
the Riggs National Bank and actively
connected with the institution for more
than half a century. IS enjoying his
annual vacation at the Poland Spring
House, one of Names best known In
land resorts.
Few bankers - Washington have had
such an interesting and successful
career as this veteran in finance. He
entered the service Of Riggs & Co. as
messenger in 1877 and served with that
financial house until 1t eventually be-
came the Riggs National Bank.
From messenger boy he advanced rap
idly until he had learned every phase Of
the banking business. He was very
closely associated with Charles G.
Glover, ST., who is still chairman of the
banks board, although forced to be in
active on account of his health.
Mr.. Father has been one Of the vice
presidents Of Riggs for many years and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
CANAL TONNAGE DROPS
LOWEST THIS YEAR
BY the Associated Press.

BY the ASSOCIATED Press.
BALBOA, C. Z.-Cargo tonnage
through the Panama Canal during
June was the lowest this year and
showed q sharp decrease from June,
1880.
Shipments both West to East and
East to West totaled 1,758,976 tons
as compared with 2,147,181 tons in
June, 1880, and 1925, 452 in May.
Heavy decreases occurred in ship
ments from Atlantic to Pacific, show
ing a curtailment in movement of al
most all commodities routed in this
direction. From Pacific to Atlantic
several important gains were made,
mostly in food products, but the in
creases were all absorbed by decreases
In mineral oils and ores.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
DEBATE ON WHEAT
SHORT SALES KEEN
Grain PIoWed Under or Piled
Outdoors as Market Hits
Low Record.
Special Dispatch to The Star.

CHICAGO, July 1s.-History was
made this week by wheat-greatest Of
American political crops.
Never before in the 80 wears Of record
ed dealings on the Chicago Board Of
Trade has this grain sold as low, fol
future delivery, as 1t did on Wednesday
when July contracts were quoted al
50A cents.
At the same time, out in the hot
dusty marketing centers Of Oklahoma
and Kansas, farmers hauling theil
grain to find a buyer, saw more record:
shattered. They we're offered and re.
ceived as low as "a cents a bushel fol
quality wheat, grading No. hard Win.
ter-a ruinously low return.
This was history-making of a kline
that politicians no more like to witnes.
established than the producers them.
selves
So this week the country saw the his.
torical rsverberations from the conde n.
nation last Friday by President Hoover
Of spectators who sell grains short IL
anticipation OF profit from the losses O.
growers.
Politicians, taking the hint from ths
President, sought to place the blame fol
price conditions on the shoulders o.
spectators, and James G. Stone, presi-
dent of the Federal Farm Board, &C
cuSed the grain trade of seeking t.
break the influence of his governmental
organization by causing the farmer to
suffer.
James C. Murray. president of the
Chicago Board OF Trade. in turn
claimed that the volume OF short selling
was almost unprecedentedly low. Gov
ernmental interference with trading and
the display by the Farm Board of over
200, 100000 bushels Of old crop wheat,
were listed by him as important causes
Of existing prices.
While the buck was passed back and
forth, the Southwest witnessed unusual
sights. On farms where yields were low,
producers could be seen blowing under
their grain rather than spending the
money required to put 1t through the
combines
In other areas. after threshing, wheat
was piled on the ground to await a
better market. Weather losses were con-
sidered less likely to be costly than
would storage charges which equal Is
cents buShel year, or a cent and
one-half bushel each month. Twenty
five cent wheat stored, soon can be
diSsipated
Kansas farmers, many of them dis
mayed by prices that would return them
only $500 from a 160-acre field, even
with 20-bushel an acre yield, made
more history by proposing that banks,
implement companies and other cred
itors grant debt moratorium.
Prices Rebound.
Through the gloom there was a ray
Of sunshine. After touching their ex-
treme lows, prices rebounded. Further,
there was confirming evidence that the
crop situation in the Canadian West
approached disaster proportions with an
indicated yieN of 100000, 900 bushels
compared with 374,000,000 bushels
harvested a year ago. Russian stories
told of crop deterioration in that
county.
(Copyright. 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
Short-Term Credits Paid.

NEW YORK, July 10 R.-Dillon,
Read & Co., bankers for Siemens e.
Halske and ns-Schuckertwerke
German manufacturers of electrical
products, announced that they have
been advised by these companies that
they have voluntarily paid of short
term credits outstanding with the New
York banks, anticipating their matu-
rites by several months. This action
was taken to avoid any possible serv-
ice difficulties in view Of the exchange
restrictions imposed on Germany.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
BUSINESS BAROMETER
SHOWS SLIGHT RISE
Special Dispatch to The Star.

Special Dispatch to The Star.
BOSTON, July 18-The weekly index
Of the United Business Thermometer
has now turned up, after registering
moderate declines In the last four
weeks. This improvement Is due, says
the United Business Service, to the sta
bility shown in the adjusted figures OF
electric power. carloadings, automobile
production and cotton cloth activity
Business Is now 27.7 per cent below
normal, compared with 28.3 per cent q
week ago. The trend this Summer is
expected to be sidewise. with a definite
upturn in prospect when the tense Eu-
ropean situation improves.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
$11, 900, 900 Contract.

NEW YORK, July 10 R).-Con-
tracts for the erection Of a new 43.storv
Office building at La Sale, Adams and
Clark streets, Chicago, have been
awarded to George A. Fuller Co. The
general contract involves the expendi-
tlire Of approximately $11,o00, 900, and
the project VIII give employment to
about 1900 men IN the. Chicago
territory.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
SUGAR BEET ACREAGE
IN WORLD INCREASES
Russia Boosts Paintings by A Per
Cent, Report Made Here
Shows.
BY the Associated Press.


A 81 per cent increase in sugar
beet acreage for the United States,
Canada, and Europe, including Russia
was estimated today by the Agriculture
Department.
Heavy Russian paintings this year
were declared responsible for the in
crease over 1890. Excluding that coun-
try, decrease of 1877 per cent is shown.
Russian paintings up to June 20 to-
tailed 1892, 900 acres, an increase Of 44.5
per cent over last year, when 2,555,00
acres were devoted to sugar beets.
The acreage planted in the United
States, Canada and Europe, excluding
Russia, was estimated at 4,745 ,287
acres, q decrease Of 1877 per cent from
the 5,627,548 acres planted in $780,
These countries account for practic-
ally the world acreage of sugar beets.
Beet sugar represents about SO per cent
Of the total world sugar production.
The 1881 paintings in the United
States are estimated at $4,000 acres
against 821 1000 last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
PUBLIC SERVICE ADDS
TWO NEW DIRECTORS
Special Dispatch to The Star.

Special Dispatch TO The Star.
CHICAGO, July 18.-Central Public
Service Corporation, which Is under
stood to control the washington Gas
Light Co., has increased its directorate
from IL to Is members. The two new
directors are George z. Davenport and
Harold E. Wood. Mr.. Devencorf Is vice
president and member Of the Executive
Committee Of the Public Utility Holding
Corporation Of America. Mr.. Wood was
recently elected president Of Albert e
PIERCE g. Co.
At q meeting Of directors OF the Cen
trail Public Service Co. all officers were
reelected for the enSuinAyear
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
BUDD Wheel SPEEDS
WIRE WHEEL OUTPUT

Special Dispatch to The Star.
NEW YORK, July 1s.-Net earnings
of the Budd Wheel Co. for the first
six months Of 1881 totaled $485, POI,
after Federal taxes and reserve for de-
probation. This was equivalent to A.
cents per share on 990,675 shares Of
common stock outstanding.
Earnings for the second quarter Of
1881 were 20 cents per share, exceeding
the quarterly dividend requirements.
Net earnings for the second quarter
were $271,122, compared with $214,079
for the first quarter.
Wire wheel schedules have been sub
stantially increased in the last few
days, due to introduction Of new models.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
German Bank Agreement.

BERLIN, July 10 R.-German
banks today entered an agreement un-
der which each will participate In a
Details of the arrangement have not
been disclosed, but 1t Is expected the
plan will permit free resumption of cur
rency payments without risking disas-
trous runs on individual banks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
CIGARETTE OUTPUT.

RICHMOND, Va, July 10 Especially.
Cigarette factories In Richmond in
the first quarter Of 1891 produced al
most one-fourth OF the entire output
Of the country. Total was 6,86s, 375.-
600 cigarettes. or 2z1z% Of the total
output Of slightly IN excess Of .2s,oo0,.
100000 cigarettes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19

carriers will be able to regain earning
power similar to that Of the recent
peiod Of prosperity by return Of only
half Of the traff1c which has been lost
in the depression"
(Copyright, 1891, BY the 11prth American
Newspaper Allancts me.l
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19

CHICAGO DAIRY MARKET.
CHICAGO, July 10 R.-Butter, re.
ceipts 1857 tubs; prices unchanged
Eggs, receipts, 1880 cases; prices un-
changed.