davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-20
Washington Produce

Butter-One-pound prints, SsAas4;
tub, 32a33.
Eggs-Hennery, Is; current receipts,
II.
Poultry. alive-Turkeys, young, 30as2;
old, 25a27; Winter chickens, 81 Spring
broilers, SO; hens, heavy, 20; small, 20;
Leghorns, Is; ROSTERS, IS; ducks, Is;
keats. large and young, 60a65; old, asa
80. DresSed-Turkeys, young, 38a40;
old, 30a32; Winter chickens, 38a40;
Spring broilers, As; hens, heavy, 24a25:
small, 2la22; caponS, large, 37a3S;
small, 32a3S; ducks, 24a25; ROSTERS, 16;
keats, young, 70a80; old, 4Oa45.
Meats-Beef, 14a22; lamb, 1sa21:
shoulders, IA; fresh hams, 171a smoked
hams, 10; smoked shoulders, 13; strip
bacon. 19; lard, in packages, 10; In
bulk, 8.
Live Stock-HogS, heavy, 6.50a7 90:
medium and light, 7.5Oa7 10; pigs, 7.OOa
$50; calves, 7a1O; lambs, 80Oa9 90.
Fruits-Strawberries, As; honeydews,
Chile. S.O0a3.50; oranges, Florida, 350a
400; California, 3.75a4.5O; lemons,
s;5Oa5Oo; tangerines 1.75a2;25; grapes,
Emperors, kegs. 500; apples. bushel
baskets 1.00a2.0O; box stock, 2.00a3 90;
pears. box stock, 3.50a3.75; cranberries,
25-pound box, $50; pineappleS, 4.OOa
450 lines, per 100, zoo; grapes. Bel
GUM, hot house, per pound, 1.25; grape
fruit, 3,00a3.50; rhubarb, 5-pound boxes,
90a1.00.
Vegetables - Potatoes, 150-pound
sacks, 3.25; new potatoes, Florida, 400
a2.50, mostly $50; Idaho bakers, 100
pounds, 2.75: sweets, per bushel, 1.OOa
200; caulif1ower, 200; string beans,
5.00a5.25; eggplant, Cuba, 4.50; pep
perS, 3.00a3 so; broccoli l 75a2. 90: cab
bage. new, per hamper, 1.50a1.75: 90
pound sacks, 1.25; old, per sack, LISA
$50; lettuce, Florida, per hamper, 2.25;
spinach, Ito; kale, ITO; mushrooms.
75a1.00; squash, per barrel, 3.5Oa4. 90;
peas, 500; cucumbers, Florida and Bos-
ton hot house, per dozen, 1.25; torna-
toes, repacks per pan, 100; okra, Cube.
Span crates, 6.00a9.00; asparagus, per
bunch, ITS; lima beans, RA0,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-20
CURB STOCKS RISE
TO RECORD LEVELS
Public Utilities Still Feature
Steady Advance-Market
Tone Strong.
BY JOHN A. CRONE.
Dispatch TO The Star.


NEW YORK, February 20.-Sixty
stocks scored peak prices for 1881 in an
active and strong session on the Curb
Exchange today.
Leading issues, such as Electric Bond
d Share, Niagara Hudson Power, Con-
Solidated Gas of Baltimore, Goldman
sachs, Mead-Johnson and Driver Harris
rapidly rose to new heights, stimulated
by short-covering and investment buy
ing Cities Service held around its pre-
ceding close.
Indications of increased public partic-
1pation, fairly certain passage of the
bonus, which traders believe will stimu-
late business temporarily, and further
favorable earning reports, along with
expanding operations in the automotiIe
and steel industries, contributed to the
buoyant tone of the market
Public utilities, including the natural
gas shares, industrialS, such as the mo-
tors. steels, foods, specialties and chains,
and investment trusts. particularly COM
panieS holding shares which have ad-
vanced. formed the bulk of dealings In
the first several hours.
The decline in January net, after sub
sidiary preferred dividends but before
reserves, partially Offset the good IL
months showing by Cities Service and
It's plans for consolidating some of its
miscellaneous properties. On the other
hand, Tampa Electric, Consolidated Gas
OF Baltimore, Niagara Hudson Power
and American & Foreign Power quickly
shattered their best previous levels.
An analysis showing the many addi-
lions and small mergers of the mai
natural gas companies aided a mark -up
IN these securities, with United Gas
Leading the upswing. Saxet Co.,
natural gas holding firm, joined in this
move.
weakness Of Ford Motor, Ltd, which
may have been due to London selling.
was the feature of the down-side in
motors ct midday. While this move
was in progress Stutz hit q new top
and Durant equaled its previous maxi
mum. Ford Motor of Canada A and
3 also were higher at this stage.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-20
BROKER LOAN TOTAL
GAINS $23,OOO,OOO
0ut-of- Town Banks Reduce Their
Accounts During the
Week.
Special Dispatch to The Star.


NEW YORK, February 20 The
weekly statement of the Federal Re-
serve on brokers' loans showed an in
crease of $23,oOO,00O to a total of ST.
772,000,000 for the week ended Febru-
airy 18. This compares with a total of
81, 749, 900, 900 reported for the week
ended February IL and with a low of
$1,716,000,00O on February 4. In the
corresponding week of 1880 the loan
figure amounted to $3,494, 000, 900.
Loans for own account were $1,229,-
100000 in the past week, against 81, :
lat, 100000 week ago. Loans for out
of-town banks were $267 1000, 900, COM
pared with $315 5000 900 and loans for
account of others were $276, 900 900.
compared with 1921, 900, 900. This weeks
increase Is the second successive rise
following the long decline in loans
which began in September and which
was broken only by small increase at
the end Of the year. Demand loans
comprised $1,365. 000,0 900 of the total
against $1,335 100000 q week ago. and
tine loans were $407, 900, 900, against
$4l4, 900 900. Loans on securities direct
to non-broker customers decreased $18,-
100000 during the week to 1885, OOO.-
600, compared with $1.903, 100000, the
previous low on the recent move, made
last week, and with the recent high of
$2,l17,000,000 on December 81.
The New York Federal Reserve re-
oscount rate remains at 2 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-20
S~ecial Dispatch to The Star.
RAJ TYMORE Nd rAhy,

s~ecial Dispatch to The Star.
BALTIMORE, Md, February 40
Potatoes, white, 100 pounds, 1.2Sal.9
sweet potatoes, barrel, 2.0oa4o0; yams,
barrel, 3.00a4.00; beets, crate, 2.25a
ATS; cabbage, ton, l6.00a1600; carrots,
bushel, scars; cauliflower, crate, 1.50a
200; celery, crate, 275a375; egg plants,
crate, l.50a4 90; kale, bushel, 100al.l5:
lettuce. hamper. 75al.50; peppers. crate.
100a2.25; parsnipS, bushel, LOCAL 20:
spinach, bushel, 50al.00; tomatoes.
crate, 1.25a55o; turnips, bushel, 80a
100; apples, bushel, 60a2. 90; per box,
125a2.25; grapefruit. box, 1.5oa2.50; or
angeS, box, 2.25a3 so; tangerines box,
LOCAL rs; strawberries, quart, 40a4S.
Dairy Market.
Poultry. alive-Turkeys, pound, sea
40; old, 20a32; chickens, Springers, 27a
IS: Leghorns, 20a22; barebackS, 14a15;
old hens, 18a24; Leghorns, 14a1e; roost-
ers, l2al5; capons, BOAST; ducks, 1oa26:
geese, l6a26; guinea fowls, each, 40&7S;
pigeons, pair. 20.
Eggs-kscsipts, re saAss: nearby
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-20
EARLY INCREASE IN BANKER
BILL RATES SEEN BY STREET
Firmer Money Market Held Likely to
Bring Out More Offers From
Institutions.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, February 20.-The cur
rent week has witnessed the first signs
of flrmness in the money market since
the turn of the year. This less easy tone
has not as yet been reflected In higher
rates, except for advance Of Il Of
per cent in bankers acceptanceS last
Saturday, but it has given rise to the
belief that the money market definitely
reached bottom during January and
that the next move in rates will be
upward.
The past few days have been marked
as the first time this year that bill deal
ers have made offers to the Federal Re-
serve. The latter has accepted their
offers without advancing its buying rates,
which stand at w per cent for short
maturttieS or Il per cent above the
dealers selling rate. Another advance
of u per cent in bankers acceptance
rates would thus bring dealers selling
rate into line with Federal's buying rate.
Banks Holdings at Record.
Justification for an advance in the
rates would come from continued selling
of bills by banks. Accepting banks held
a total of SSH 400 900 in bills on jan
uary 81, new high record and almost
5000 1000 900 above the December 81
figure An extraordinary position now
prevails in the bill market, with banks
carrying the largest load of bills In their
history and the Federal Reserve having
the lowest amount since August, 1929.
kind Of overspeculation in short-term
securities on the part of the banks dur
ing January carried bill rates from
per cent-1b per cent on January 2
down to las per cent-1H per cent on
February 6. This decline in rates did
not deter banks from buying and did
not serve to bring out the strong supply
of bills held by accepting be nks.
Last Saturday, however, signs of firm
ness in the money market induced SELL
ing by banks and forced a rise In the
rate. Demand for funds for the issue
of Treasury bills and the more active
stock market created the f1rmest condi-
lions in the market since the year end
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-20

light supply; market steady; sheep, 100
a4.0o; lambs, 4.50a9.75.
Hogs-Receipts, 1900 head; moderate
supply; market higher; lights. 8.15aS.45;
heavies, 7.o0a7.65; medium, 8.15a8.4
roughs, 4.75a6.25; light pigs, 7.5Oa8 90;
pigs, 8.1Sa8.45.
Calves-Receipts, rs head; light sup
ply: market steady; calves, SOCIAL. 90.
Hay and Grain.
Wheat-No. 2 red Winter, export
1874: No. 2 red Winter, garlicky, spot
7s&; February, 1874; March, 791a.
Corn-No. domestic, yellow, old, 79a
1914; cob corn, new, 4.00a4.25.
Rye-Nearby, 60a65.
Oats-White, No. 2, new, 42a43; No
3, 41a42.
Hay-Receipts, none. General hay
market is quiet. Receipts ample, but
no surplus offered Of heavy clover
mixed. Such types bring a premium
Of 81 to So per ton, depending on the
amount Of clover. Fair to good timothy
ranges from &24 to &26 per ton.
Straw-Wheat straw, No. /, per ton
10.0oa1l 90. Dat straw. No. ], per ton
il .O0Al2.0O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-20
NEW YORK COTTON

NEW YORK, February 20 (SpeciaD.
Opening cotton prices today were S
to points lower despite bullish adj
vices from abroad. The declines ranged
all through the list and represented
profit-taking by professionals in all
months. Southern houses were selling
In heavy quantities, the only support
the marekt received being from trade
buyers who had orders in on the scale
Opening prices were: March 11.O3,
of z; May 1872, of Z; July 11.56, of
8: October 11.89, off 5; December 1907,
OF 5, and January 12.17, on s.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-20
FARMERS SONS SURPASS
SIRES IN RAISING CORN
BY the Associated Press

BY the Associated Press.
HOUSTON, Tex, February 20.-Sons
Of Cherokee County, Tex, farmers had
better fortune with corn production In
1880 than did the farmers themselves.
The summary of W. L. Knapp,
county farm agent, revealed that the
boys, members of farm clubs, harvested
an average of 81 bushels an acre, as
against 20 bushels for the adult growers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-20
GASOLINE PRICES REDUCED.

NEW YORK. February "a (P.-The
Standard Oil Co. of New York has re-
duced tank wagon prices Of gasoline
cent throughout its New York and New
England territory, but no change is be-
ing made in service station prices. This
is change from the upward tendency
of wholesale gasoline prices on the At
lantic Seaboard in recent weeks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-20
Freeport Texas Company.

NEW YORK, February 20 R).-The
Freeport Texas Co. has announced it has
purchased a controlling interest in the
Cuban Manganese Corporation, owning
extensive manganese deposits 10 miles
north Of Santiago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-20
Trade Reports at a Glance


February
wholesale bbg manufacturing
industry collections reported Bradsreets this
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-20
NEW YORK CURB MARKET s s; III. : :, s xs:

Note-Al stocks are sold in one hundred-share lons
excepting those designated by the letter (80s) (250s
which shows those stocks were sold in odd lots.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-20

2h Ia Sou Cal Ed. Apr 20 27 ~ pa ~ 2h
s svdeS S'' ssd ss. quarterly
dend Plus So in or IN stock divi
K JM sg IN stock Plus lo% in stock stock
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-20
BONDS.

Copyright, 1881. Standard Statistics Co.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-05-19
LARGEST TOUR
LEAVES VALLEY

The largest tour ever TO visit the
Valley arrived on scheduled time
Sunday morning at 9 O'Clock when
two special trains carrying almost
1000 members Of the Brotherhood
Of Railway Trainmen pulled into
the Missouri Pacific station.
The Brotherhood held a conven-
ton in Houston last week. and the
Valley trip was in the nature Of a
side-trip.
The trainmen detrained here. and
many Of them visited Matamoros
and points OF interest on this side
Of the river, charterlng six large
buses.
One Of the special trains left for
McAllen at noon. the other leav-
ing one hour later.
Upon arrived in Brownsville.
chamber of commerce officials met
the train and distributed literature.
The American Legion Drum and
Bugle Corps was on hand and fur
nished music.
From McAllen the party Travelled
TO Reynosa, where most Of the
visitorswitnessed the bull fight
held there Sunday afternoon.
The two special trains pulled out
OF the Valley Sunday night.
Many trainmen. visiting the
Valley for the first time. express
ed surprise at the development OF
the section.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-05-19
A
Is KILLED

About Is amendments we're pend
ing wnen the previous question was
ordered, shutting off all debate. OF
those. only the amendment by
Senator Hopkins Of Gonzales 10
tax cement was adopted. Amend
mentS 20 tax soft drinks, bath
houses and swimming pools, cos
metics dealers, Intangible assets
and electricity we're among those
voted down.
The Poage amendment TO tax
purchasers Of grain, live stock, co.,
ton and other agricultural products
was stricken out. part by part, after
senator's had failed 10 kill 10 as a
unit. Poage agreed 10 eliminate
everything but cotton and Senator
Woodul Of Houston won his fight
to remove the cotton purchaser.
Senator Woodruff OF Decatur said
he would introduce a resolution to-
day TO extend the session another
week beyond May q. There had
been some talk OF that last week,
but many believed the move had
lost its momentum.
The house yesterday passed a
s5.O00.000 rural aid bill. reducing
the senate's figures 100000. "A bill
to levy an occupation tax on fire"
arms was set for special order to-
day.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-05-19
Fail To Protest

WASHINGTON. May l9.-P-
Evidence that foreign governments
and producers are slow to take adj
vantage Of the new American tariff
law provision permitting them to
petition the tariff commission icr
rate relief Is seen by commission
officials.
Although approximately IS pro-
tests originating in more than &c
countries were received while the
Hawley-Smo0t act was before con
greSs. commission records show
manufacturers Of only four nations
have applied for duty cuts on a
dozen commodities since the new
law became operative ten months
ago.
one OF the twelve investigations
ordered under the flexible clause
as a result OF foreign complaint has
been completed and a reduction IN
duty proclaimed by President Hoov-
CT. The cut was made in the edible
gelatin tariff on petition OF a plo-
ducer in Holland.
Other countries from which re-
duction petitions have come are
Argentina. Switzerland and France.
The commodities involved are flax
seed. leather gloves. window glass.
rayon yarns and filaments, fer osi-
Icon aluminium. ferro-aluminum ST.
Icon, Alsimin. Sleeps milk cheese,
dried or fresh mushrooms. drained
and candied cherries. candied fruit
and silk opera hats.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-05-19
TODAY'S MARKETS

October to Gas. or 10 to II points
below yesterdays close.
This early decline attracted COW
ering as shorts were afraid the
weather map would show unfavor-
able weather IN the belt. Prices
rallied 9 points from the lows and
were steady at the end OF the first
hour.
The market ruled quite steady
most OF the morning. improving on
shorts covering owing to the firm
or technical position and to map
indications OF approaching un-
settled weather. July traded I'D 10
$50 and October to 9.64, or 10 20
20 points above the early lows and
8 70 9 points above yesterdays
close.
Toward mid-session. prices eased
off 8 10 Q points from the TOP on
realizing and selling bv ring trad
ers but the undertone continued
steady.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-05-19
MRS. CAMPBELL
RITES TUESDAY
Former Brownsville Woman
Dies Following Auto
Accident
(Bv Staff CORRESPONDENT


McALLEN, May 19.-Mrs. w. L.
Campbell. who was injured in an
automobile wreck April %. died in
a local hospital Monday afternoon.
she had suffered head injuries and
a deep cash in her neck IN the
accident, and although it was
thought she was improving, she
took a sudden turn for the worse
and died yesterday.
Mrs. Campbell was the wife OF
a prominent McAllen lumberman,
and for many years the family
lived in Brownsville.
Prior to her death. It had been
planned 70 take her TO a north
Texas specialist.
She Is survived by her husband,
and one daughter, Elizabeth; her
parents. Mr.. and Mrs. z. c. Arnold.
of Aqua Dulce. Texas; two sisters.
Mrs. I. J. Wright. Mission. and Mrs.
Carl Buerkle. Corpus Christi: six
brothers. E. c. Arnold. Jr-, Doyle
Arnold, Les Arnold and Bert Arm
old, of Corpus Christi, Dolph Arnold
OF Hebbronville. and Jan Arnold,
Aqua Dulce.
Interment will take place at
Roselawn cemetery in McAllen
Tuesday. with Rev. Fl. w. Shirley.
First Baptist church, officiating.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-05-19
NEW YORK COTTON

NEW YORK. Nav 19-P1-Cot-
ton opened easy 4 to 8 points low
er IN response to relatively easy
Liverpool cables and there was
some selling on the easier opening
Of the stock market.
July declined 10 $40 and Deem
Der to 9.65. There also was cover
ing which became more active aft
er the posting Of the weather map
showing showers Or rains in parts
OF the western and central belts.
and some buying may have been
encouraged by reports OF slight
rallies from the opening declines
IN the stock market.
Trading raj quite active. with
July selling I'D 10 9.26 and Dec.
to 978 by the end Of the first
half hour. or about 3 to 2 points
net higher on the more active posi-
tions.
Liverpool cables said local and
foreign liquidation had been taken
by covering and buying for a reac-
ton In that market.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-05-19
WOODS SUIT
BEING TRIED
Interesting Cases On Call
Tuesday In Federal
Court

The suit Of o. c. Woods ct Al. vs..
International Harvester Company
OF America. ct al, on action for
personal damage. got under way in
federal district court Monday morn
ing.
Woods brings the suit for a mi
nor son who was injured on a farm
implement. The plaintiff alleges
the injury resulted from an imper-
lection in machinery manufactured
by the defendant.
Another case on call Monday was
II. D.. Moses ct al VS.. Valley Citrus
Groves, action to recover monies
and notes and for cancellation OF
deed, etc.
Two suits OF interest are TO be
called Tuesday. They are Daniel z.
Norton vs.. c. p. Barreda, ct al
and j. j. Fox VS.. Missouri Pacific
Transportation company. Norton
alleges Barreda and others erected
a dyke across the floodway anc
contends this caused his lands be-
low Brownsville to be overlooked.
Fox was injured in an accident
with a Missouri Pacific bus.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-05-19
CHICAGO GRAIN

CHICAGO. May 19-P-After
an irregular start. grains moved
upward early today. Liverpool dis
patches said wheat demand was
improving, that stocks IN SIX chief
European ports had been reduced
almost half compared with a month
ago and that estimated planting
this season in Australia showed
almost 5000. 900 acres curtailment.
Opening 10 cent off 10 Ia 10
3-8 up. wheat afterward scored adj
ditional gains. Corn started 3-8
lower 10 7-3 higher and subsequent
~ rose all around.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-05-19

Continued From Page Onel
rect decision and that the words
were uttered in the heat Of debate
Senator Woodward Of Coleman
told the presiding officer All o.
the 81 members Of the senate. in
GLIDING Tom Holbrook, believe
you're fair
HOlbrook's ire was aroused when
Witt did not order a roll call vote
on one Of the Galveston senators
amendments. Holorook maintained
a sufficient number OF senators re-
Quested a record vote, while Witt
stated he did not think So Witt
however. offered 20 give the Gal
weston senator a roll call after
Holbrook's charge OF unfairneSs but
the senate would not let him do sc
because the result already had been
announced.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-05-19
Wet Weather, River
Rise. Are Forecast

Wet weather in the Valley and a
rise IN the Rio Grande were pre-
dicted by weather chief w. j.
Schnurbusch Monday.
Local showers for Monday night
and Tuesday were forecast. with no
change in temperatures.
Heavy rains in the Eagle Pass
Laredo section Will probably cause
a rise in the river during the next
few days. MIR. Schnubusch added.
Scattered showers were reported
throughout the Valley Sunday.
although total rainfall was slight.
Every weather station in the sec
ton reported cloudy weather today.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-05-19
Drastic Changes To
Alter Cavalry Unit;
Fort Brown Affected

The horse will not be the trade
mark of the cavalry in the future,
according to an important war de-
partment announcement today
which revealed that this unit Of
the nations fighting force would
be mechanical.
The exact date OF the change
was not revealed, but 1t was es-
timated that 1t would take place
soon. and that Fort Brown would
be affected.
Recent rumors that the local
post would be abandoned as a war
department economy move were
dispelled today by an Associated
Press dispatch from Washington
which said in part: War depart
ment economies are TO be effected
largely through the abandonment
of obsolete posts TO save not only
the amount necessary TO keep up
the posts, but BY the concentration
OF troops in a few places to econ
omize in buying and in freight
rates.
"A number of posts which Presi-
dent Hoover plans to abandon are
located in climates where ii is pos
sible 70 train troops only about six
months or the year.
Fort Brown Safe
In this case, Fort Brown will
be enlarged.
The war department release con-
corning INFLAMMATION Of cavalry,
and which quotes General Mac
Arthur. explains that in the future
the cavalry will undergo such
general reorganization and re-
equipment as will enable II best TO
perform its missions" and would
require two types Of cavalry units
instead Of one. as at present.
One unit will be horsed- and the
horse and mule may remain only
where they cannot be replaced by
motor for the performance Of diff
ficult tactical missions. or for oper-
ations in difficult tactical missions.
or for operations In difficult ter
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-05-19

NEW YORK. MAY l9-lF-The
stock market finally sold itself into
a rally today but not until early
heaviness had carried u. s. Steel,
American Telephone and Atchison,
among other leaders, TO new lows
on moderate overnight declines.
The low on steel common was
80 Ia, followed by a recovery to
just above par. American Telephone
dipped l 3-8 TO l68 and rallied 70
Ill. There were net gains of / 10
2 points in American Can. North
ern Pacific. New York Central,
National Biscuit. Southern Pacific.
Consolidated Gas. Westinghouse
and Eastman. Union Pacific gained
nearly 8.
Call money renewed at / IL per
cent.
NEW YORK. May l9-Pi-The
Federal Reserve bank OF New York
today reduced its buying rate on
acceptances by l-6 Of l per cent to
/ per cent for bills maturing In
sixteen to ninety days.
The reduction was the fifth IN
less than four weeks. AS quotations
on acceptances are in percentage
yields the reduction was equivai-
ent to an increase in price. The low
er yields are another step in the
federal reserve policy to force
money rates downward as an aid
to business. Acceptances constitute
an important form Of commercial
credit.