davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
BANK DEB|7SDROP
OUTSIDE NEW YORK
Weekly Survey of Current
Business Shows Reserve
Loans Are Smaller.

Weekly business indicators available
to the Department Of Commerce
through the survey Of Current Business
made public yesterday for the week end
ing October 81 show that bank debts,
outside New York City, decreased 1873
per cent from the previous week and
were 1871 below the corresponding week
Of last year.
Total loans and discounts Of Federal
Reserve member banks were fractionally
under the previous week and were 10
per cent under the corresponding week
q year ago.
Interest Rates.
According to the survey, interest rates
on call money were the same rs for the
week previous, the average index for
the week being sos, against 36.4, the
lowest for the year.
Time money retes increased Tor the
sixth consecutive week, reaching a new
high for the year.
The average price of representative
stocks decreased slightly from the pre-
ceding week, but were "a per cent above
the average low quotation recorded dur
ing the first week Of october. Bond
prices continued the decline which has
been under way since the second week
in July, reaching the lowest quotation
for the year.
Number of business failures, as re-
ported by r. G. Dun g. Co., decreased
slightly as compared with the week
previous, but were still SIS per cent over
the number of failures reported for the
same week last year.
Wholesale prices, as measured by
Fishers composite index of 100 COM
modities. remained the same as Tor
the previous week. or fractionally above
the years low. Prices of agricultural
products declined slightly. following a
rise during the previous week Prices
Of non-agricultural products were the
same as for the preceding week and
were IS per cent under the same week
last year. The price Of cotton middling
decreased slightly, while the price of
electrolytic copper remained at the
same level as for the preceding week.
The composite iron and steel price
for the week continued to decline,
reaching a new low for the year.
For the week ending October "a, in
creases occurred over the previous week
in bituminous coal production, cattle
receipts, freight-car loadings. hog re-
ceipts and wheat receipts, while de-
clineS were recorded in electric cur
iShI PlOOuCIloll' luIIlUeE pTOQuCLlOn ana
petroleum production. Steel ingot pro-
duction was the same as for the pre-
ceding week. For the same period
the New York Times Composite Index
Of general business activity showed a
decrease of OF point and the Business
Week Composite Index decreased 2.6
points.
Business indicators.
The following is the Weekly Rusi-
ness Indicator Table:
weeks ended Saturday, weekly average,
1923-25=lO0)
wholesale prizes
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
CHICAGO LIVE STOCK MARKET

CHICAGO, November up Omitted
States Department of Agriculture). -
Cattle-Receipts, 200 head; compared
week ago, strictly granted steers and
yearlings, $3.50 cents higher; heavies
up most; lower grades very uneven, but
mostly steady; price range on killing
steers widest in trade history; top adj
vancing this week to 1900 and COM
mon grassy kinds selling at 3.50a4 90;
best long yearlings, Ills; mixed year.
lings, 1850: best slaughter westerns,
600; stockers, $50; stocker and feeder
trade steady to Is higher; she stock,
$3.50, mostly so cents higher; bulls
weak and vealers. 50a1.0 higher; ap-
proximately $4,000 rangers in receipts;
bulk being replacement cattle and she
sheep-Receipts. 1000 head; today's
market nominal for week ending Fri
cay 239 doubles from feeding stations,
sc, 700 direct; most classes urevenly
steady to Is lower; sheep unchanged;
choice lembs became scarce and showed
almost complete recovery as the week
closed; late bulk good and ch0ice
6.25: closely sorted natives, 6.35a6.40;
medium range lambs, 5.00a5,50 to
killers; native bucks, 4.50a5.25; throw
outs, 4.00a4.50; fed yearlings, 4.50a
500; fat ewes, 1.75a2.50; white-faced
range feeding lambs. 4.50a4 IS; few
black-faced kinds, 4.75a4.90.
Hogs-Receipts, 10000 head, includ-
ing $4,000 direct; active, 15a25 higher;
packing sows 10 higher; 2l0-240
pounds, 5.Ooa5.20: top, $40; 140-2l0
pounds, 4.75a5.10: pigs, 4.25a450; pack
ing sows, 4.25a450; compared week ago,
mated 1oldovers, 1000; light lights,
good and choice, 140-1e0 pounds, Asa
500; light weights, 10000 pounds,
4.85a5. 10; medium weights, 200-350
pounds, 4.85a5.20; heavy weights, $50
$50 pounds, 4.90a5.20; packing sows,
medium and good, 275-500 pounds, AIS
a4.6o; pigs, good and choice, 10o-130
pounds, 4.26aA.75. .,-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
Commodity Price
Trends of Week
BY HI. n. McGILL,
Editor McGill Commodity Service.

NAUEUFEDALE. Mass, November Z
Pl.-Commodity prices during the past
week have experienced marked strength,
and have registered an upturn which
has not been equaled in any one week
since August. 1880. Even during the
rally which took place in June. COM
modify prices did not advance in any
one week to the extent of that in the
rast week.
All Commodities.
All commodities advanced IA after
showing a sidewiSe trend with fluctua-
tons within a very narrow limit during
the whole of October. Advances oc-
Cured in seven Of the IA individual
groups. four remained the same, and
only three declined. Increases were
registered in industrial, agricultural and
live stock groups
Industrial Prices.
An advance was registered by indus
trial prices. falling just short of one full
point Sentiment in regard to business
conditions and commodity prices seems
to have shown some improvement. Dur
ing October the pronounced downward
trend of industrial activity which was
so much in evidence In August and
September was halted. Although very
little tangible evidence is available of
great improvement in the major lines,
yet confidence seems to be slowly re-
turning. Steel operations have shown
a slight increase, and with the volun-
tary offer by railroad employees of re-
auctions in salary in prospect, increased
buying Of necessities by the railroads
may become more pronounced. Auto
mobile companies will soon be working
on the production of new models for
the coming year. which should also be
help marketwise.
Agricultural Prices.
Agricultural prices were the center of
interest in the market activity during
the past week. Under the sensational
leadership of wheat, the grains, includ-
ing corn, oats, barley and rye, all reg
istered material advances. Chairman
Stone of the Farm Board declares that
due to reduced acreage in all parts of
the world, unfavorable weather condi-
tions and crop shortages the world sur
plus of wheat will be removed by the
end of next year. Warning is given in
some quarters that the rise has been
purely speculative and that trouble is
brewing from the reaction. Undoubte6-
ly the rise has been too rapid, and there
will be reactions, but all OF the gain
should by no means be Cancelled.
The outstanding advances during the
week, were recorded by silver, petro-
leun and the grains. Other commodi-
ties affected by the price of silver also
recorded favorable increases. The eff
feet of enforced restriction in the mid
continent section has again increased
the price of petroleum.
Most important price changes in the
McGill weekly commodity price indices
(1026 equal 1000:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
BOND PRICES RISE
Y
!: IN ACTIVE MARKET
Railroad Issues Prominent on
p Side of Advance-Con-
vertibles Higher.
BY ALEXANDER HENDERSON,
Associated Press Financial Writer.

ASSOclateQ PreSS FINANCIAL Writer.
NEW YORK, November THE bond
market continued to advance today and
trading was more active than usual for
q short session.
The upturn was just as inclusive as
earlier this week. Railroad issues
scored many of the larger gains. Ad-
vances Of about l point occurred in
Canadian Pacific debenture Is. Chicago
& Northwestern 434s of 1949, New York
Central IS of 2O13. Nickel Plate AIS
of 1878, Pennsylvania series D 412s, St.
Bouis-San Francisco 41as of 1878 and
Union Pacific As of 1868. Illinois Cen
trail 434s of 1866 were more than 2
points higher at one time. Atchison
general IS of 1895 touched 92l4, a new
high level for the recovery. Fractional
gains were numerous.
United States Treasury and Liberty
loans were generally higher. The Treas
TRY As of 1854 and the 3ass of 1940-43
and of l941-43 were the strongest. The
FIRST and fourth Liberty 414s were the
most active.
Strength in Argentine obligations
continued to feature the foreign group
Gains in them ranged from / to 2la
points and several of these issues
reached the highest prices in a month
The upturn in foreign loans on the
whole was not SO regular as in the rails
However, a number of issues such as
Austrian Is of 1857. Chilean IS of
1860, French 71as, Italian rs and Uru-
guayan IS advanced about l point.
Public utility and industrial issues
were generally higher, but the indi-
vidual gains were not so generous as a
rule as in the rails. Outstanding
strength appeared in Consolidated Gas
of New York 512s, American Telephone
SIS of 1860, International Telephone de-
benture SIS, Pacific Gas SIS, Chile Cop
per IS. Goodyear SIS, Sinclair Oil 61as
and Lorillard SIS
Stock privilege loans were almost
uniformly higher, but most of the gains
were fractional. Texas Corporation SIS
were active and higher Atchison 412s
of 1948 held firm on large sales.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
GOVERNMENT EXPENSES GAIN
WHILE INCOME IS DWINDLING

In the meantime Federal expendi-
lures for the fiscal year 1882 up to
November 4 were $233, 900 900 in excess
of money paid out during the CORE
spending period Of last year. The prin-
cipal changes have been an increase of
$215, 100000 in general expenditures, a
rise of $25000,o0 in postal deficiency
and an increase of 1000 900 on ac-
count of the Federal Farm Board. These
items, however, are partly Offset by an
expenditure Of SOS 900 900 made in the
fiscal year 1881 on account of the sink
ing fund whereas this year no provision
has been made to that end.
General Expenditures.
The latest Treasury report or de-
tailed general expenditures of the Gov
eminent during the present fiscal year,
which covers the quarter ended Sep
TENDER 80, gives the principal changes
as follows, in millions Of dollars:
Treasury Department. .......... 90 Al
Agriculture Department. ......... 145 IS
The increase in Treasury expendio
lures has been due to the accelerated
building program, which has been
speeded up to aid unemployment. The
same applies to the Department of
Agriculture. whose Federal aid high
way construction has been expedited,
while the Veterans Bureau expenses
have been mainly on account of meet
ing iberalized provisions for military
and naval compensation.
1t is conlectural as to ways and means
which will be employed to meet the
deficit. There are only three alterna-
tives, namely: A decrease in expendi-
lures. an increase of revenue, or by an
addition to the public debt
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
Dividend Situation Improves.

NEW YORK, November [P.-Un-
favorable dividend changes this week
were the smallest for any similar period
aimee the first week in August, Stand
ard Statistics Co. reports Decreased
AZ in Che preceding week. Favorable
changes numbered IA. the same as
the week before. Two initial dividends
were declared and IL extras.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
JOINS NEW FIRM.

Milton A. Condit has been elected as
Sistant to the president of Neill- Tyson,
Inc, investment counselors Of New
York City, according to an announce
ment by Humphrey B. Neill, author and
stock market analyst, president. Mr..
sales and advertising manager of Wet
sci Market Bureau, Inc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
J. C. Penney Co. Sales

NEW YORK, November 7 R.-Octo-
Der sales Of j. c. Penney Co., totaled
$l7,966,473, a decrease of 9.62 per cent
from SIS, 1871 ,040 reported for the like
month Of 1880. Sales for the first 10
months this year were 135,936,515, q
decline Of 9.55 per cent from $3.50. 1885,
l6e during the corresponding period
last wear.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
POTATO MARKET.

CHICAGO. November 7 LP).-(United
States Department CT Agriculture) -
Potatoes, SO; on track, 223; total U. S.
shipments, ITO: about steady, trading
fair; sacked per cwt: Wisconsin Round
Whites, 70-80; few, 85; Minnesota,
North Dakota Cobblers, 1890; Red
River Ohio's, 90-95; Nebraska Tri-
umphs, 1.05-1.20; Idaho Russets, No. 1.
1.25-1.40; few higher. No. 2, mostly
los; Commercials, Ito.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
SHOE OUTPUT GAINS.

During the period. January l to Sep
TENDER 80, output of boots and shoss in
the United States increased So per cent
to a total of 253,046,551 pairs as COM
pared with 240.S59,773 pairs in the cor
responding period of 1880. During Sep
TENDER, boot and shoe output totaled
81 ,554,532 pairs against 33,474, 1888 pairs
in August and 29,334, 1902 pairs in Sep
TENDER. 1880. These figures represent
activities in 1,l65 factories throughout
the country.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08

SO per cent, an increase of per cent.
Mahoning Valley Steel Co. of Niles,
Ohio, manufacturers of cold rolled and
polished sheets for forming, stamping
and enameling, will resume operations
on IS per cent basis at its Niles,
Ohio, plant after a weeks idlenesS
Six out of eight mills will begin rolling
November g.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08

The decline in income taxes as shown
above reflect the shrinkage that has
occurred in the return to corporations
and to inoiviGua This item previ-
ously has supplied more than half OF
all receipts accruing to the Government
1nasmuch as these taxes follow actual
income by an entire year, a return to
normal conditions in 1882 would not be
reflected in the Governments book
keeping until the following year.
This point will be considered in what
ever fiscal policy the Government an
nounces for the future.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
BY CHAS. p. SHAEFFER,

The Government is busily engaged in
determining its policy on the question
OF balancing the national budget.
The excess Of expenditures over re-
ceipts for the fiscal year to date is more
than $675. 900, 900 with the period but
slightly more than four months old.
Last year the deficit was $903, 900 900,
the first time expenditures have ex-
ce2ded receipts in the last decade.
The Government is faced with the
condition of dwIndling income. while the
outgo has continued to expand.
Income Figures.
Federal income for the present fiscal
year up to November has been cut
$259, 900, 000, as compared with the COR
responding period Of last year. The
current Treasury Department statement
classified the comparison in million dol
lars as follows:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
CAR LOADINGs UP.

Local loadings on Norfolk & Western
Railway during October totaled 1888
cars compared with $500 In Septem-
Der and 100,234 o year ago. Receipts
against 17,451 in preceding month, and
26,1o7 O year ago. ..'.'',- r.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
SILVER QUOTATIONS.

NEW YORK, November Z (P.-Bar
silver firm and q higher at 34% on
continued speculative purchases.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
BALTIMORE STOCKS,

Special Dispatch to The Star.
BALTIMORE, November T.
STOCKS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
RIGHTS-EXPIRE

IN Elec Po&Lt Dec 4 ABA 1X q IL
AZ SS Peep l. & Jan Is IL Az an + y
Dividend the
payments based on the latest quarterly or
e in stock PIus s stock Paid last regular rate
in
Plus az IN stock Plus soc in special preferred
stock p Plus 2iss in stock. " ~ e' AF4uS o." IN
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08
TREASURY CERTIFICATES.

reported by J. d W. seligm.n & Co,
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1931-05-21
HARDIN GOLF CLUB
INVITES LOCALS TO
TOURNAMENT THERE

Members of the local golf club
have been invited to participate in
an invitational tournament at Har-
din, May 20, 80 and 81. Prizes
will be awarded in all flights, and
to runners-up.
The fact that the Hardin tour
nament is to be held on the same
dates as the one at Livingston is
expected to split the Red Lodge
club into two groups, as many of
the local niblick swingers have al
ready made arrangements to go to
the Park county tourney.
The Red Lodge tournament,
which was to have been played
Sunday, was postponed owing t.
the unsettled weather. The tour
nament will prabably be held next
Sunday, according to c. c. Rowan,
president of the Red Lodge club.
In lieu of the regular tournament
which was to have been held, a
zone club contest was staged each
player being allowed to choose one
club with which to make every
shot in the full course.
Greens and fairways at the Red
Lodge course are now in first class
condition, according to Attorney
Rowan. The lawns of the fair
ways grew to such a length that
moving was necessary last week,
and sand for the greens is now
being hauled.
Billings, Roundup and Hardin
clubs have accepted the dates fer
a tourney to be held in Red Lodge,
and expected to send large delega-
tons Of golfers to participate here.
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1931-05-21
MINERS union IS
OPPOSED TO GRANT
OF GAS FRANCHISE

Opposition to granting a gas
franchise by the City of Red Lodge.
to the Montana Power Company,
! was expressed by Red Lodge local
No. It'll, United Mine Workers OF
America, in session last Friday.
The Montana Power Company,
a corporation, is seeking a fran
chise to install and supply gas for.
the business houses and residences
of Red Lodge for fuel, domestic
and industrial purposes. Qualified
resident freeholders are eligible
to express their wishes in this mat
ter at the polls in Red Lodge on
June %.
The resolution as adopted by the
Miners Union reads as follows
AT the regular meeting of Local
It'll, United Mine Workers of
America, which was held in this
city last Friday, the following res
olution was unanimously adopted.
Whereas, an election will be held
in this city on June 23 for the pur~
pose of determining whether OF
not franchise will be granted to-
the Montana Power Company to
install gas in the business houses
and residences of this city, and
Whereas, the city of Red Lodge
is primarily a coal mining city,
peopled by laborers, who make
their living in said coal mines and
by those whose business interests
are supported in great part by the
revenue derived from said coal
mines and the workers therein, and
Whereas, the members of Local
It'll, U. M. w. of A., deemed tf'e
introduction and use of gas in this
city to be detrimental and inimical
to the best interests of the city and
the welfare of its people.
Therefore, be it resolved that
the members of Local It'll, U. NJ.
w. of A., hereby go on record as
being opposed to the granting os
the gas franchise aforesaid"
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1931-05-21
FEUD OVER WATER
RIGHTS ELIMINATES
in SHOOTING FRAY

eliminating what is alleged 10
have been a feud of a years stand
ing over irrigation water, A. w.
Rice was arrested Saturday char
ged with assaulting neighbor,
Leo Jahnke, near Joliet.
According to witnesses, the
trouble started about a year ago,
when Jahnke claimed that Rice
was cutting off a port of Jahnke's
supply of irrigation water.
Saturday Jahnke took a spade
and followed his ditch into Rice's
field, where he is said to have built
up the banks of Rice's ditch, shut
ting off Rice's water supply. Rice
stepped out of his house at this
time and, at a distance of approx
imately go yards, according to
County Attorney E. P. Conwell,
shot Jahnke with a shotgun carry
ing No. 5 shot.
Thirty four shots entered the
right side of Jahnke's body, strik-
ing him in the arm, leg, side and
neck.
According to County Attorney
Conwell, a preliminary hearing will
probably be held as soon as jain
ke's condition can be determined.
Rice was arraigned before Com
E. B. Provinse, who set
bonds at $1,000.
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1931-05-21
LocALI !! SCHOOL
WILL GRADUATE "A
SENIORS TONIGHT

Commencement exercises for A.
seniors of Carbon County High
School will be held this evening
at Workers Hall.
Attorney Sharon G. Merrimar
will deliver the commencement adj
dress.
Members of this years gradual
ing class include Madeline Becklen
Victor Castagne, Doris Clark, Fran
ces Ciocketto, Grace Daggett, Pet
err Dimich, Dorothy Enrico, Thor
valid Fiveland, Marshall Foltz, Ell
la Flashman, William Gullard, Geo
rye Headington, Irma Heino, Eth
ell Jarussi, Irene Jarvi, Ernestine
Jarussi, Kalervo Hyyppa, Pearl
Kaatari, Aarne Marsyla, Nelo Lee
man, Vernia Loncharich, Ruth
Lumley, Elma Mann, Toivo Mat
tia, Frances Metcalf, ALA Maxi,
Paul Mcgowan, Betty O'Conncr,
George Pollock, Nathan Provinse,
Irma Puutio, Rafael Puumala, Ar
villa Rock, James Rusk, Verne
Schwin, Sigrid Timonen, Alexan-
der Tharp, Ethel Wallis, Tia War
liza, Doris Williams, Carl Wilkin-
son, Robert Woodrow and Levi
Yrjana.
Rev. H. Miller Scott will deliver
the invocation and benediction.
The salutatory address will be
given by Aarne Marsyla and the
valedictory by Alexander Tharp.
Members of the Girls Glee Club
will present two selections, "Roses
of Picardy" and "With Courage
and Faith.
W. C. Ball, chairman of the sch
DOL board, will present the diplo-
mas to the graduates.
Other events Of commencement
week were completed early this
week. Baccalureate services were
held Sunday, Rev. H. W. Woods
delivering the baccalaureate SER
mon.
The senior ball was held Satur-
day night at the Labor Temple,
and the senior picnic yesterday al
ternoon. Glass day exercises were
held at the high school last week.
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1931-05-21

in the dashes and two in the Jumps
and two were equalled. A new re
cord of 25.6 seconds in the Low
hurdles made by Saylor of Miss
ouia was disallowed because two
hurdles were knocked down.
Eldridge of Havre, set up a new
record Of 5 feet, liz inches in the
high jump, Peden of Custer sci
new records in the century and fur.
long, at 10 flat and 22.4 respec.
lively, and Hamilton of White Sui
phuh Springs sailed % feet 8 3Ie
inches for a new record in the
broad jump.
Golf Tourney
e. Magner of Malta won the
Montana lnterscholastic golf cham
pionship with a score of 161 for
the Sc holes. He defeated Rudy
Merriam of Butte, 1929 and 1890
champion, by one stroke.
In the tennis tourney, Robert
Grantier of Missoula defeated his
team-mate, Randolph Jacobs, Cd,
6-3, for singles honors, and Gran
tier and Jacobs eliminated Plotts
and Ormsbee of Hamilton, 6-3, 4-6,
6-3, for the doubles championship.
The newspaper contest conducted
by the Montana Interscholastie
Editorial Association was won by
the following publications: Glass
A-Konah Of Missoula, first Kyote
of Billings, second; Jniwa of Great
Falls, third Glass B Centralite
of Butte Central, first; Central
Breeze of Whitefish, second; Rodeo
of Roundup, third. Glass C-Anti-
cline of Baker, first; Howl of Shell
by, second; Echo of st. Vincent
Academy (Helena), third. Glass
D-Crazy Mountain Monitor of
Clyde Park, first; Sagebrush Saga
of Jordan, second; Echo of Cor
Wallis, third.
Whitehall Wins Debate
Whitehall high school won from
LeWlstoWn by 2 to | vote of the
judges, in the debate finals. The
question was, Resolved: That
chain stores are detrimental to
the best interests of the American
public. Whitehall upheld the at
firmative.
Flathead county high of Kalis-
pell was awarded first place in the
Little Theatre contest. The Flat
head actors presented "The Giants
Stair by Wilbur Daniel Steele.
high school took second |
place in the dramatic contest, with
Butte public third and Whitefish
fourth.
''U" Wins Track Meet
The Intercollegiate meet. pre-
'ented annually for the entertain
nent of the high school visitors,
vas won Saturday by the State
University, scoring SO 1I3 points.
Montana State college took second
olace with 80 points; Dillon Nor
nal, 2 1l3; Intermountain Union,
;; School of Mines, 1; North Mon
ana college Of Havre, 0.