davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-14
MARKET IS SLOW,
WITH STOCKS DOWN
Trading Continues Dull in
View of Acute German
Situation.
BY GEORGE T. HUGHES.

Special Dispatch to The Star.
NEW YORK, July 14.-Stocks sagged
today IN the same slow, desutory trad
ing that has characterized the market
since the German banking crisis be-
came acute. There was this difference,
however, between today's movement
and that of Monday-stocks started in
today lower, but firm, and then gradu-
ally weakened, whereas the order in the
preceding session had been the reverse.
Opening quotations were not much
changed, but the average was down.
Thereafter during the morning hours
prices slowly reacted as the cable dis
patches told Of continued obstacles to
extending international help to Ger
many. Selling was not in large volume,
but there was no effective buying de-
mand either.
Weakness in the foreign bond market
had an unsettling effect on stocks. At
tention was concentrated on the foreign
situation almost exclusively. Domestic
business news was mixed in character
The weekly statement of the member
banks of the Federal Reserve system
showed another increase in all other
loans" indicating larger demands from
business which was favorable
On the other hand, copper metal was
reported as having sold at 7a. cents a
pound. duplicating the previous record
low made toward the end of June.
American Telephone & Telegraph earn
ings showed $4.89 on the stock for the
first six months of the year, against
$5.72 a share in the first half of 1880.
In the June quarter 1888 a share was
reported, against SAT- in the same
quarter a year ago, all on the average
number of share outstanding.
United States Steel, fractionally
higher at the start, dropped back a
point before midday. American Tele-
phone was of nearly 2 points. Ameri-
can Can went lower than at any time
on Monday and was unusually sensitive
to pressure. General Motors held better
than the other standard industrials.
although it declined. Union Pacific
showed the largest loss in the railroad
list
There was little evidence OF profess
sional operations for the decline. Even
with the news from abroad discourage
ing, the bear party hesitated to take
an aggressive stand. 1t was another
demonstration of the fact that stocks
are today in stronger hands than at
any time during the bear market. This
would, of course. prevent another large
decline If conditions at home and
abroad warranted 1t, but 1t does prevent
any unintelligent or hasty Liquidation.
(Copyright, 1e3D.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-14
NEW YORK STOCK EXCHANGE
wire Direct to

Note-AU stocks are sold in hundred share lots
excentinr hose DESIGNATED by letter (SOs) 25Os.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-14
STOCKS Ex.DIvIDEND.
NEW YORK, July IA Up

Port H 7Sss % stock Of record July ls stock
calls Sx-div in New York City July is and
k6deys - ---------.-J
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-14
Heard in Financial District.


Former President Robert N. Harper
of the District National Bank is pass
ing the Summer at his estate at Lees
burg. Va, his son and his family b>ing
with him. The veteran. banker spends
two days a week in Washington, and is
always present at the banks board
meetings.
Erskine Gordon, trust officer of the
Federal National Bank, re-
turned today from his annual vacation,
which he passed at Newport and James
town. r. I.
Joseph Wayne. jr. president Of the
Philadelphia National Bank, was re-
Gently elected director of the Pennsyl-
vania Railroad Co. He fills the vacancy
created by the death of Charles Day.
Mr. Wayne is also a director OF the
Philadelphia Federal Reserve Bank,
pres ident of the Philadelphia Clearing
House Association and a director Ia
number of industrial enterprises nnd
other corporations.
w. Frank Persons, executive vice
president of the American Association
of Personal Finance Companies OF
Washington, will address the Mid
summer meeting of the Ohio Associa-
zion, at Cedar Point, Ohio. on July p.
The national association held its an
nual convention here last Fall.
Local board rooms were again fl!cd
today with traders and investors, who
are following the German situation with
intense interest.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-14
TREASURY TO WITHDRAW
BALANCE FROM BONDS

BY the Associated Press.
The United States Treasury will with
draw $11, 287, 800 from depository banks
in the second Federal Reserve district
Thursday, and total of $31, 545, 300
from depository banks throughout the
United States. These Withdrawals are
from the balance of proceeds of the re-
Gently floated 3ls per cent Treasury
bonds The remaining balances in the
second district in this account will
amount to $101 $50, 100 and throughout
the United States will total 1888 ,913 500.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-14
LESS COTTON USED.

Cotton consumed during June was
today by the Census Bureau
to have been ass, 388 bales Of lint and
81, 433 of linters, compared with 465, 770
and sc, e49 in May this year and 405, 236
and So 1876 in June last year.
The Waterbury Democrat., 1931-06-20
SATURDAY, JUNE 20, 1881
Welcome Eagles!

For three days Waterbury will play host to the Fraternal Order of Eagles. It gives us extreme pleasure to-day to welcome to the city the state officers. the visiting delegates, and their friends who will be guests of Wa terbury Aerie. No 37o. F. O. E. Probably no fraternal organization has had so rapid and popular growth throughout the coun- try in the last quarter of a century as have the Eagles. Originating in 1898 away out on the Pacific coast, the society soon had en- rolled on its lists the names of old and young in every community. Waterbury joined the procession in 1903. Three years later Wa terbury Eagles laid the foundation for the State Aerie.
 Meeting in Waterbury for its silver anni- versary the State Aerie is assured of hearty welcome from our city officials and from our residents. We are glad to have with us Gov- ernor Cross, whose induction into the order was high light this spring. We are pre- pared to give the visiting Eagles such well come as no other city has ever given them. Waterbury has always extended the hand of good fellowship to the fraternal. social, and benevolent society. In reaching it forth to- day to the Eagles it finds it grasped by an organization whose principles are all of the above.
 While the majority of us may conceive of the Eagles as social order. its fraternal work within itself is deserving of special mention. We're all of us to know the good that these organizations do and the charity they dis pense we would be quicker to lend them our moral and physical support when they seek it. However, we should be familiar with the public program of the Fraternal Order of Eagles of recent years. Most of us know the fght that the society has made to secure pas sage of an old age pension law in Conneeti- cut. If the state ultimately does secure old age pension legislation we think that to the Eagles will go great deal of the credit for its passage.
 In similar ways the Eagles have gone about aiding the working man. the widow, securing needed recognition for Mothers Day, our soldiers, etc. If the rank and file of us not affiliated with the Eagles are not aware of this work it is high time that we gave it be- lated recognition. On just such occasions as the present one we have our opportunity of paying our respects. May the three day con- vention of the Eagles in Waterbury be memorable one. both for the order and for us. We know that the keys of the city are hanging from the portals of the City Hall for the visitors.
The Waterbury Democrat., 1931-06-20
Bank Robberies

Daylight bank robberies have increased 60 per cent so far this year over the record of 1930. State police forces were recently sug- gested to the Kansas Bankers association. as the best protection against these crooks. It is intolerable that these desperate characters should be able to get away with these crimes It would seem as if radio broadcasting could give very valuable help in pursuing these des- peradoes.
 If within few minutes of any such rob- bery, full descriptions of the thieves and their automobiles could be broadcast all over a state, and adjoining territory. the chances of catching these dirty bandits would be much improved. The fact that the banks that lose by such robberies may be insured against such loss. should not lead to any diminution of efforts to catch these thieves. Every unde- tected robbery leads to many more.
The Waterbury Democrat., 1931-06-20
State Not AbsoIute

We can't agree with Premier Mussolini in his latest promulgation that the state is abso- lute. He maintains that ''The child. as soon as he is old enough to learn. belongs to the State alone. No sharing is possible. Maybe this will be judged Spartan doctrine carried to an extreme. One cannot deny. however that it is clear. = We could state many other doctrines as clearly, but that wouldn't make them right. If Mussolni is quoted correctly as saying that the people of Italy must render unto the State that which is the States and unto the church that which is the ehurchs, then he merely paraphrases the words of the Gospel - Render unto God the things that are Gods and unto Caesar the things that are Caesars"
 We wish that the Premier could have list ened to the commencement address delivered to the graduates of Loyola College of Balti- more. Maryland. by Thomas F. Woodlock, Commission and contributing editor of the Wall Street Journal. MT Woodlock remarked that the doctrine of state dissolution as preached in the days of Roman organism was fast ap- pealing to many civilized nations today. How it could ever penetrate the United States and remain consistent with the doctrines preached by Thomas Jefferson so many years ago was more than the speaker could understand. And no more could we.
 Personal liberty is precious to the American although 1t has been encroached upon of re- cent years. We have seen the growth of beaureaucratic government in this nation, but we are on guard against more encroachment of the federal government upon the state and the states upon home rule. We doubt if absolu- ton will ever find haven of solaee in the United States. All of which probably doesn't interest Premier Mussolini in the least. We wonder if he ever realizes that the human in- dividual came long before the state was founded. After the state has perished we will still have the human individual. He constitutes the state. He delegates the author ity to govern, to rule, and to make laws to 1t.
 Such fundamental rights as he possesses antedate the state. They are inherent in him. The state only survives so long as it is made up of individuals grouped together for mutual aid and protection. These rights or privileges never came from any human individual or state. They came from the Creator of all mankind and hence are inviolable. If Musso- lin seeks to override them let him take the consequences. He will live and die and his fellow country men will live and die. but he can never destroy these individual rights that each of us are heir to when we come into this world.
The Waterbury Democrat., 1931-06-20
Freight-P Passenger Trains

The Canadian Railway may soon be carry ing freight on passenger trains. Sir Henry Thornton. its president, points out that many passenger trains now run light because sched- ules must be maintained in spite of fewer travellers. He sees no reason why full train should not be made up of express freight. It would be economical in the matter of operat- ing costs and it might draw more freight traffic to the railroad. such freight being hauled as speedily as by motor trucks.
 It seems such sensible suggestion that the only astonishment is that it should be novel. American railroads may soon be considering similar proposals and trying them out, in the effort to meet motor competition. The New Haven Railroad, for example, has already an- nounced it would haul freight as speedily as passengers. Innovations of this sort do not involve new equipment or additional expens- i've services. They merely involve better use of facilities already in existence. They seem to many persons to offer more hope to the railroads than raising freight rates.
The Waterbury Democrat., 1931-06-20
Relief in Sight?

That other cities than Waterbury, where the tax rates are high are aware of the present conditions in which many home owners are being deprived of the property for which they struggled and labored many years is evident in the call issued by Mayor George A. Quigley of New Britain to Governor Will bur L. Cross to rectify the situation by state conference. Invited to this gathering would be both banking and municipal off, cials. The main proposal would be a re- duction in the interest rates on mortgages as an aid to home owners who find that under present conditions they are unable to meet their regular payments nor can they pay off anything on the principle as so many of them have been asked to do.
 Evidently New Britain is faced with the same conditions as are present in Waterbury. All of which goes to prove that Waterbury's high tax rate, which has been blamed for all of the city's woes of the last few years, doesn't have to cover a multitude of sins. If other cities are confronted with similar problems it is patent that Waterbury with lower tax rates in prospect can vision as rosy future as any other city in the state. However. the real task ahead of the governor. However. the real
  be to secure such legislative action as will pro- tect the banks and other companies authorized to deal in mortgages for home owners.
 There was a great mass of banking legisla- ton passed by the General Assembly this spring. much of it badly needed. However. the question that Mayor Quigley brings up is more apt to be one not of legislation but of bank policy. Only some such conference as has been suggested to Governor Cross might solve the present situation. And if anybody doesn't think that property owners are losing or giving up their homes glance at the elassi- fled advertisements in the daily newspapers. The increasing number of foreclosure actions. especially those by banks. also should convince the skeptical that there is need of some such conference as the New Britain mayor pro- poses.
 Of particular interest. too. is second con- ference that Mayor Quigley proposes. It will be held in the fall with city and town off cials present. He hopes to find sources of revenue for municipalities other than real estate taxation. Today the bulk of a eitys revenue comes from taxes on property. De- prived of 1t the city would have to devise some method of raising funds, such as engag- ing in direct competition with private enter- prises. Some cities have experimented along these lines with street railway lines etc. and succeeded in raising enough annual income to cue taxes very low. However, the experiment dossn't work out well as . rule. If connee. tieut's mayors can solve ihs problem of taxa tion without undue pressure upon the tax. payer. thsy viii De voted tsstimoniaIs each and egekyone of them.
The Waterbury Democrat., 1931-06-20
At The National Capitol
A Digest of Who's Who and What's What
 By RODNEY BUTCHER
DAILY WASHINGTON LETTEF

and wasteful competition. it's control over security issues and the con- struction or abandonment of lines, it's supervision over interlocking dt- rectorates and its instructions to re- capture half of railroad earnings over 6 per cent. Last year the I. c. c. collected $200,000 in fines and sent several men to prison for vari- ous offenses.
 Drastice Safety Acts
 The commission has been given Jurisdiction, meanwhile, over pipe lines, express companies and wire communications, but its control in those fields is very limited and has be en exerted to no great extent.
 Safety acts, however, have become increasingly drastic and their en- forcement by the I. c. c. has been followed by tremendous reduction in railroad accidents. Automatic train control devices and elimination of defective locomotives have been important steps. In five years the number of engines found defective by commission inspectors has de. creased from 32,00O to 16,000 and tho number of accidents due to loco motive faults has dropped from 69O to 295.
The Waterbury Democrat., 1931-06-20
[NEW WORK
uih GiIbert Swan

author, year in and year out, the royalties demanded are so high that little money has been made on his books here. They have chiefly "ad- ded prestige to the list"
 Also I was surprised to find that David Harum" finds new readers each year. Mrs Wiggs of the Cab bage Patch" never goes out of print. Donn Byrne's 'Messer Marco Polo" does better than dozen modern" novels tlrned out blythe concern that issued it.
 Richard Harding Davis. Frank Norris. Rider Haggard. Conan Doyle, F. Hopkinson Smith-just to name a few-are among the hardy annuals.
 And, in spite of all the yarns that have come along, S. Weir Mitchell holds a changing audience.
 -I,l spite of Rover Boys and all the rest, Little Lord Fauntleroy," "Black Beauty" G. A. Henty and many others go merily on.
 These. and a hundred others of the dear old pre-war days. are the real best sellers, 50 it would seem.
 GILBERT SWAN.
The Waterbury Democrat., 1931-06-20

At last we have found supporter for our belief as to the true identity of cruller and doughnut. The Hartford Courant noticed in the last week reference to both in addresses of President Hoover and Mir Zero, that nameless philanthropist of New York city. The president referred to the doughnut as containing the hole. The Cour- ant turned to such references as Webster's and the International Dictionary without be- ing given much material assistance. However. it remains true to New England custom that the doughnut is solid. whereas the cruller is made with hole in the middle. We can well recall the argument into which the Tall Tower Topics Department of the Waterbury Democrat precipitated this city several years ago on this question. We don't know which side won, but we do know that countless dozens of appetizing doughnuts and erullers were consumed by the office staff. They were offered as samples in the argument. Alas for more of them.
The Waterbury Democrat., 1931-06-20
TODAY IS THEA ANNIVERSARY &2AgkXA
RUSSIAN INDICTMENTS

f
 On June 20, 1917, the provisional Russian government began to take severe measures against the highest officials of the old regime who were declared guilty of breaches of the laws of the empire.
 Former Secretary of the Empire M. Kruizhanovsky, the strongest man in the government under former Premier stolypin. was in- dicted for issuing a decree as far back as 1907, by which the election law was violated in defiapce of the constitution of 1906.
 Former Minister of Justice M. Chtyleglovitoff was indicted for un- lawful stopping the prosecution of former Governor Skallon of War saw who was charged with having accepted a bribe of 100000 rubles.
 Former Governor Kourloff was charged with complicity in the murder of Colonel Karpoff, chief of the secret police of Petrograd, who was assissinated in 1909 and who death caused great sensation.
 Convicted officials and former ministers of the czar were impris- oned at the Fortress of Peter and Paul.
The Waterbury Democrat., 1931-06-20

New Hampshire is the latest New England state to declare war against white pine blister rust. Connecticut has been engaged in cam paign to stamp out this tree pestilenee for some years now. The odd feature of this tree disease is the necessity of an intermediary to pass along the blight The Intermediary happens to be the wild currant and goose berry bushes. The tiny spores travel from white pine to eurrant bush and then to white pine. The cycle can only be broken by eradi- eating the currant bushes. New Hampshire has $5O,O00.OO0 worth of white pines. In the face of this nobody should feel sad at wholesale destruction of the berry bushes.
The Waterbury Democrat., 1931-06-20

New York-odds and ends--but chiefly odds:
 Otto Kahn, one of the suavest Of Manhattan's speakers, is said to have swooned from stage fright on the occasion of his first public speech. Which recalls to mind that some one told me lately of a certain sam 1 uel Kayzer, who is said to nave coached vast numbers of prominent speakers including Mons Kahn. Kay ger is now out in Hollywood curing the new talkie players of speech dif- faculties. It is none other than the famous Leslie Carter, however. who is credited with giving voice advice to Norma Talmadge. Laura Hope Crewes, another Broadway veteran. put Gloria Swanson over the first high hurdles.
 Tilly Losch, the Austrian dancer with just about the loveliest hands in the world reports that she did her first dance steps to hurdy-gurdy | playing outside her Vienna birth place.
 And a note at hand says that Jean cite Mcdonald, the blond film star, prepared for her many love scenes with a library of some 5000 volumes on the subject of that genteel pas l sion.
 Con Conrad. one of the gents from Tin Pan Alley who went out to Holly wood in early talkie days with bis l old pals, DeSylvia, Henderson, Brown and others, once retained as eec- | retary by the mother of Jackie Cooper, boy prenom of the screen, who recently signed up for vast sum following his work in "Skippy. The tale was told has 1t that Con- rad pleaded with "Skippy's" mother to give the lad a film chance In one the screen. And look at the lad now! | Walter Mills, whose book on the Spanish American war; "The Martial Spirit" has created plenty of com ment. writes editorials on New York morning paper. But maybe he will not have to, now that his DOCK is a best seller.
 And speaking about books--which most publishers prefer not to these days--those best sellers that sweep the nation would never keep many of the old-line book concerns going It's the old-timers that are the real
 best sellers and that keep money n the bank. Tn these days, when ai publishing houses are worried, tho newer concerns feel the pressure the
 hardest because they have no "ole lists" to offer.
 Dictionaries and Bibles help fix.
 anything. and continue to lead ai
 best seller lists. Several firms have some school books as their standard
 line. Practically all firms lose mone,
 on q percentage Of volumes publish
 cd; aIm toward one or two big seI'
 lers--and fall back on oldstimers.
 Talking this over the other da'
 with an assorted group of gents from
 various book concerns, learned thh
 fou.sa May Aloott. for instance, goel
 merfIly on, year after year.
 Another house nnds Mark TwniI one of the best perennial sellers. ] And although KiIping ia R popula'
The Waterbury Democrat., 1931-06-20
Too Many Fires

Fire losses in this country last year were greater than those of 1929 by more than $40000,000. Arson and incendiarism reached the highest point in many years. The National Board of Fire Underwriters at- tributes this partly to drouth and economic depression.
 Most fires are distinctly preventable. Most people know perfectly the simple precautions which ought to be routine in every household - keeping matches in fireproof containers, keeping them away from children. disposing of cigaret stubs properly. freproof receptaces for hot ashes from furnaces, fire screens before open fireplaees, and so on. It ought to be a matter of public disgrace. not merely mis- fortune. to have any sort of damaging fire in home or store or public building.
The Waterbury Democrat., 1931-06-20

no doubt that as is their custom they made . full investigation of Mir Mackenzie qualifi- cations. :. . Labor conditions in Connecticut and the present relationship between employ CTS and employees are due in large part to Mr MacKenzie's taetful and faithful service for six years as labor commissioner. Mir Mac Kenzies chief fault consists in his being a loyal admirer and friend of Mir Roraback. as I am myself. Y. :" We're glad the senator added the last. We really never would have known it. No not much.