davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-18
STOCKS DEPRESSED
TO NEW LOW MARK
Market Continues in Down.
ward Trend on Light Volume
of Trading.
BY GEORGE T. HUGHES.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, April 18-Slowly but
steadily today's stock market slipped
off to new low levels. Volume was
light and there was no particular
pressure, but the trend was downward
Except for another violent collapse in
Auburn Auto, there were few large
declines.
After the sharp break Of the last
hour on Friday a flood of selling or
ders had been predicted for the open
ing today. They did not appear. In
stead, first quotations were only frac-
tionally changed with about as many
advances as declines and with very
quiet trading It seemed to show first
that there were few shaky margin &C
counts and, second, that there was
little outside liquidation.
After the first half hour, however,
prices began to sag and continued to
decline irregularly most of the session.
Auburn Auto which provided the fea-
ture of the day before with break
of 35 points, outdid that performance
with a decline of almost 40 points as
It broke through the 200 mark.
More influential as to sentiment was
the lack of rallying power displayed by
u. S. Steel. Fluctuating fractionally
for an hour or so, it finally established
another new low for the bear market.
OIL stocks were weak, with new lows
for Standard of New York, Standard
of New Jersey, Standard of California
and Texas Corporation. Stocks in this
group had already been so much de-
flated that today's losses would have
made no impression were it not for the
fact that they established these new
low records.
In the railroad list it was Illinois
Central which was the most conspic-
uously weak issue, selling at new low
in anticipation of unfavorable dividend
action at the next meeting. Missouri
Pacific preferred Nickel Plate and
Western Maryland made new lows I'M
der discouraged liquidation.
Elsewhere in the list United Fruit
was unfavorably affected by the dis
turbances in Central America. Western
Union sold off on downward revision of
earning estimates. Eastman Kodak
was weak, presumably under pressure
from spectators for the decline, and
a long list of other issues readjusted
their market values to the new idea
of proper price earnings ratio.
Sentiment in the Street continued
pessimistic. theoretically a decline of
the extent of the present one should
eliminate in a session of large volume
selling. At the close Friday night it
had been thought this elimination was
at hand, but today's leisurely decline
negatived that idea.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-18

Committees of landowners and ten
ants have been formed In some districts
OF Argentina to compromise for re-
duced land rentals,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-18
EASY MONEY RATES
MAY BE CONTINUED
Observers Expect Prevailing
Charges Will Last for Greater
Part of Year.
81 the Associated Press.

BY the Associated Press.
Competent observers here believe
there will be continuance of easy
money rates during the greater part
of 1881.
Several significant factors contribute
to their opinion. Despite the most IA
vorable interest rates in the last
years, business refuses to 90 into {
market for funds to an amount appro3
mating the normal tide of other years.
AS a result, reserves of Federal Reser1
banks have scared to new levels. tie
total at the close OF business last night
being $3,318,000,000 as compared with
SO, 100, 100000 on January /.
The Federal Reserve ratio, which rep
resents the ratio of total reserves to
deposits and Federal Reserve note LA
bilitieS combined stands at 84.6 per cent
as of last night. This figure, less than
month ago, reached 85.4 per cent,
highest on record.
New security f1otations during the
year have been well below the normal
volume of other years. Yet banks, which
usually absorb large percentage Of the
better class of this paper, have not been
overly enthusiastic. They have utilized
only such funds as could not be used
without risk in direct security or in
credit extensions. A majority of the
new issues thus far have been in short
term and municipal groups.
Increases in savings accounts always
accompany a period of depression. In
dividual savings last year, as reported
by the National Association of Mutual
Savings Banks, recorded a gain of IL
per cent, while New York savings insti-
tutions show an 11-per cent increase
q he ~ A
tributing factor is that savings institu-
tions offer higher return than the
money market
As final argument for easy money
during the year is the commitment of
the Federal Reserve Board to low
rates.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-18
NEW YORK STOCK EXCHANGE
by Private o

Note-An stock sold in hundred share lots
excepting those designated by the letter S0s 25Osl
which shows those stocks were sold in odd lots.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-18
Market for Feathers.

A steady demand exists in the United
Kingdom for feathers for bedding pur-
poses, which is met by domestic sources
in part but mainly by imports, accord
ing to a report from Consul General
Albert Halstead, London. In 1929 China
Denmark, the United States, Belgium.
France and Germany. OF interest is
the gain in imports from the United
StateS-from 22.875 hundredweight,
valued at S190,888, in 1928. to 1851
hundredweight, worth 1928, 729, in 1923
(the latest available statistics). Re-
ceipts from the United States consist
chiefly of chicken feathers. both white
and cOlOred.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-18
Recent Growth Very Rapid.

While number of affiliateS are not
new, the great development in affliates
has been in comparative recent years
and the importance of their effect on
our banking structure is now a most
active subject.
For several years there has been a
slow crystallizing of sentiment with re-
spect to the banking structure, but as a
people we seem to be inclined to let
things drift along until some great
benefit or calamity strikes us-then we
awaken. 1t took 10 years of bank fail
ures, with several large ones, and de-
preston before the public really became
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-18

ty controller of the
currency, asserted
that bank amliates
came into being
primarily to meet
competition b Y
other institutions
and to give service
demanded by the
public which could
not be given under
the restrictions i'm
posed upon bank
ing institutions by
Federal or State
W, particularly
Federal law.
1t was but natu-
raj that where
banks found that
4 - a - nTTctnrN,n 1+c
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-18
Cleaned in Financial District.

Wholesale prices OF commodities de-
clined little more than "a per cent
in March, as compared with February,
according TO the Bureau of Labor Sta
tistics
Edward J. McQuade, chairman: F. p.
II. Siddons and w. w. Spaid have been
appointed by President Lanier p Nc
Lachlen of tae District of Columbia
Bankers Association as a committee to
raise the funds that have been appor-
toned to the local banks by the Greater
National Capital campaign for their
share toward this undertaking
The regular Spring meeting Of the
association will be held on April "a at
4 pm. in the association rooms. AS
this is the last regular meeting prior to
the convention, all committee and Sec
ton chairmen have been asked TO make
Eemi-final reports.
Important measures now under con-
eideration by the Advertising Commit
tee of the association are outlined by
the committee chairman, Eliot H.
Thomson. in the April Bankers Bull
5eCin.
The Union Trust Co. Of Baltimore
has declared an extra dividend OF Is
cents and the regular quarterly divi-
dend of so cents. both payable April 20
to stock of record April 10.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-18
NEW YORK, April 10 (R).-

A bamboo shoot grows from o to ~
inches In "A hours.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-18
NEW SECURITIES

NEW YORK. April ID (Fl.-New Sc
curities offered today include.
Baton Rouge Electric Co, Sl,OOO,0oO
first mortgage per cent bonds, due
February /, 1859, by syndicate headed
by stone g. Webster g. Blodget.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-18
CURB ON BANKING
AFF|L|ATES URGED
Await, Treasury Official, Sees
Need of Better Protec-
ton for Public.

In urging more complete supervision
of bank affiliates, in his recent address
before Philadelphia Chapter, American
Institute of Banking, F. c. Await, depu-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-27
Copyright, 1879

chiefs when later the Indian converts caused
trouble with the lord proprietor. His rare exec
utive ability, his charming personality, the high
rank Of his distinguished family, the protection
due to his Spanish birth, together with the
Kings writ of Immunity, enabled him for some
time to follow his lifes work unmolested In
st. Marys City and the mission Of st. Inigoes
during 1915 there occurred the first real cAtas-
trophe Of his career This was brought about
by the rapine and plundering of one Ingle, at
heart q veritable buccaneer and masquerading
as an anti-Catholic protagonist, who seized him
priests, destroyed the property and sent them
to England as public offenders. Fathers White
and Copley upon arriving in England were
thrown in prison and there remained for two
years before being brought to the usual trial.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-27

either had influential friends at court or that
the King of England knew that he was a COM
panion Of Lord Baltimore, for it was recently
discovered at Annapolis that the King had
given him q special writ Of protection.
Against the constant and growing prejudices
of the Puritan faction, Father Copley carried on
this noble work along spiritual lines Gov.
Leonard Calvert called q meeting of an assem-
bly, composed OF the freemen Of the Maryland
colony, at st. Marys City on January rs, 1888.
Andrew White, Thomas Copley and John Al
them -Gravener we're invited to this meeting,
but declined to attend because Of the contin-
uous troubles with the opposing religious fac
ton that so persistently harassed them.
Father Copley, with infinite labor, saved the
lands granted to the missionaries by the Indian
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-27
Archbishop Carroll founder Of Georgetown University j" 1889 This di".
historic Of Maryland
Catholic bishop Of the Republic.

ca with Leonard Calvert in The Ark and The
Dove, is a shield on the wall to the left Of
the main entrance. Miniatures of the relics
of early Maryland now preserved in the ar
chives of the university, from other parts of the
shields namely: The bell Of the first church:
the chalice Of the first mass, celebrated March
IS, 1884, and q piece of the mulberry tree
under which the mass was said. On Founders
day. March IS Of each year, the historic
relics are exhibited. A cross made Of wood Of
the mulberry tree, large iron cross, 3kx5
feet, constructed by the devout colonistS from
old bits of horseshoes and scrap iron, and
several other mementos are on view during
the Founders day exercises. The ancient bell
is tolled six times such occasions in honor
Of the memories OF Andrew White, John
Althem- Gravener, Thomas Gervase, Thomas
Copley, Ferdinand Poulton, and John Carroll.
Enblazoned on shield to the right Of the
entrance is the coat of arms of Archbishop
John Carroll-priest, prelate, patriot-first
archbishop Of the United States and founder
of Georgetown. The central figure is that Of
the Blessed Mother and Child encircled by4the
Is stars Of the original United States. -
THREE historic emblems decorate the south
gable: The family crest of st. Ignathas
Loyola, founder Of the Jesuits; the lily Of
the seal of the University Of Paris where the
soldier priest was educated, and the seal Of
Of thoFns
Devoted to the patrons Of youth are carved
seals and inscribed stones Of the oriel windows,
COMMUNICATING the three young men who
answered the call of Jesus Christ: The Italian
seal for Aloysius Gonzaga, s. j.; the Belgian
seal for John Berchmans. s. J., and the seal
Of Poland for Stanislaus Kostka, s. J.
On the north, large bay window bears In
stone the honor accorded to twelve George
town men, first In their professions
Rev. Henry Pinkney Northrop fourth bishop
Of South Carolina, and builder Of the Cathed-
raj Of st. John, Charleston, s. c., besides IL
other churches. He died June Z, 1916.
Edwin Kavanagh, while student at George
He later featured In public Offices IN his native
State of Maine. holding positions in the State
Legislature, 90 Secretary Of the State Senate,
member Of the United States Congress from
Maine, president Of the State Congress, and
Governor of Maine. He was intimate
friend Of the poet, Longfellow.
Benjamin A. Young, st. Georges County,
Nd, was both o student and professor at the
college He followed the studies of philosophy
and theology at Ferrara and Rome and later
took the chair Of theology at Viterbo He
died at Alexandria, Va, December 81, 1874.
Salvador Tongiorg, Rome, italy, who with
his brother, was a student two years at
Georgetown. He later became professor of
famous philosophical course saw editions In
ID years. He died in Rome, November IL,
1866
Col. Julius p. Garesche Cuba, enrolled In.
the university In September 1888. -Four years
later he entered the Military Academy at West
Point, graduating I'm fe41, rising to the rank Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-27

Continued on Eighteenth Page
Imperial Valley press., 1931-05-08
SUBCOMMITTEE
TO SPEND BRIEF
TIME IN VALLEY

Entertainment of members of the
subcommittee of the interior de-
partment appropriations committee
will begin at 10 o'clock Mountain
time, tomorrow morning on the
part of Imperial Irrigation directors,
officers and citizens of the valley.
Coachella district directors. officials
and residents.
The party Will arrive in Yuma
shortly after midnight tonight and
from o'clock tomorrow morning
until 10 O'Clock will go over the Yu-
ma project and Indian school.
From 10 o'clock until O'Clock
guests and hosts viii view Laguna
dam and Imperial dam site. AT
O'Clock. Mountain time, the party
viii go TO Andrade, arriving there
at 1880 O'Clock Pacific time.
Luncheon will be served at the
district headquarters at Andrade.
At ] o'clock a motor trip to In
perlal and Coachella valleys is
planned. local residents accompany
ing the party and assisting in the
provision of transportation.
Dinner will be served in Indio al
z o'clock.
Imperial Valley press., 1931-05-08
Chinese Play To
Close Tonight

Warner GLAND. in the Chinese de-
tective play. Charlie Chan Carries
On" will be shown for the last two
times tonight at Fox Imperial the
atre.
Based on the popular Saturday
Evening Post stories by Earl Derr
Biggers, the picture is an intensely
interesting production, free from
extravagant situations and impos-
sible happenings.
In unfolding the plot. the char
acters move all around the world, in
the course OF which a series of
thrilling and mysterious murders
occur. Attempts to solve them prove
futile until Charlie Cham, the IA
nous Oriental detective takes up
the thread.
Movie patrons who enjoy plenty
mystery and excellent acting, will
not miss this one, the supporting
cast being far above the average.
Imperial Valley press., 1931-05-08
Early Shipments
OF Honey Dews

Honeydew shipments, like the
cantaloupes, are earlier this year
than ever before, according 10 the
records of the federal-state. market
news service office in Brawley.
Wednesday, May 6, the S. A. Ger
rard Co. sent out one crate which
came from their brushed and
covered early fields in the north end
where their experiments in heating
have been conducted. Yesterday the
Charles Freedman Co. sent out 20
crates of honeydews to the New
York market. Last year, the first
records of shipments of any size
show that one-half car went out
on May "A.
Cantaloupe growers and ship
pers are reminded of the meeting
Monday evening at 8 o'clock in the
Planters hotel which is called by
B. A. Harrigan, agricultural COM
missioner, 10 discuss problems OF
marketing and Standardization.
Imperial Valley press., 1931-05-08
Peace Reigns In
Kentucky Cities

EVARTS. KY. May 3. U.p)-Min-
ers and citizens went to work ap-
prehensively today as national
guardsnen patrolled the streets,
ready to put down any disorders
such as have already claimed II
lives and caused nearly all of the
women to evacuate.
Nearly 400 officers and militia
men guarded the town in regular
shifts, dispensing stree. gatherings
and ordering loiterers TO move on
The guardsmen were chartered in
box cars and cabooses. under com-
mand of Colonel Dan carreil.
An air OF unrest prevailed among
the left wing" union miners, who
resented the calling of the guards
men, cavalry and infantry units
when Sheriff John Henry Blair and
his deputies were unable to control
the situation.
Imperial Valley press., 1931-05-08
Soviet Refuses
Flight Permit

LOS ANGELES, May 9. lU.P--
John Henry Mears, globe trotter,
refused permission TO pass over So
Wet Russia on his projected world
air flight. left for Washington, D. C.,
today in an attempt 10 obtain a re-
consideration of the order.
Mears said he had received notice
of refusal of his passport applica-
tions from Boris Skvirsky, Soviet
press representative al Washington,
but that no reason for the refusal
had been given.
Hugh Herndon Jr., and Clyde
Pangborn. who plan a similar flight
around the world, were at first re-
fused permission to pass over Soviet
territory. Then they sought the aid
of Senator Borah, and on the sena-
tors appeal, Moscow officials grant
ed permission.
Imperial Valley press., 1931-05-08
Aged Shipping
Magnate Better

SAN RAFEAL, Cal, May 8. U.D
Captain Robert Dollar, 85year-
old dean of American shipping
magnates. was reported resting
comfortably" today after q sudden
and serious recurrence of an old
illness.
Although. Captain Dollar showed
slight improvement after the first
bttack of illness. DR.. Rafael c. Duff
fey, the family physician, called
several other doctors into consulta-
ton. They watched over the pa
tient for several hours after he
slept.
The physician said that Captain
Dollars condition, considering the
nature of his illness. was good. The
shipping magnate first was bother
ed by an organic ailment a year
ago, and minor operation was per-
formed TO relieve the pain.
Imperial Valley press., 1931-05-08
Asserts Readers
Own Newspapers

COLUMBIA, Mo, May 8. (U.P)-
News columns do not belong 70
newspaper editors or owners, but
to the readers, and the whose re-
sponsibility of the newspaper is 70
tell its readers, without fear, favor
or prejudice everything within the
range of possibility and human in
genuity, Robert P Scripps, editorial
director OF the Scripps- Howard
newspapers, said in an address be-
fore the University of Missouri
School of journalism last night On
The Liberal Press
The type of man who should
edit, report and write for a liberal
paper, he said, should be one WHO
favors greater freedom in political.
religious and economic matters,
and who is tolerent.
II do not believe" he said. there
can be true liberalism, in Journal
ism or out of it. without a large
measure of tolerance"
Imperial Valley press., 1931-05-08
Craft Talk Given
At Rotary Club

An exceptionally interesting talk
on concrete, its use In ancient times
and the part that it plays IN mod
ern development, formed the sub
ject of craft talk at yesterdays
Rotary club meeting, P. A. Murray,
local contractor. giving the address.
Murray reviewed the uses which
the Romans made of concrete and
gave q highly technical description
of concrete making, including an
analysis of It's ingredients and the
manner in which cement, forming
the essential element in concrete,
Is produced.
Despite its technical nature, the
talk was closely followed and ques-
tions asked at its conclusion indi-
Gated the interest which building
holds among the members of the
club.
In the absence Of President John
NJ. Kepley, who Is attending the dis
trict convention at Catalina, Muir
ray and Frank Beyschlag divided
honors as chairman of the day.
Entertainment was provided by
Miss Virginia Crosby, who played
two piano numbers. Although a
youngster she is an accomplished
pianist and her playing was highly
praised by the Rotarians.
DR.. Warren F.. Fox sang a solo,
Mother of Mine" In honor of
Mothers day, which will be observed
Sunday. He was accompanied by
Mrs. Chan Livingston.
Imperial Valley press., 1931-05-08
Show
Lower Earnings

SAN FRANCISCO, May 8. U.D--
Annual reports of the Southern
Pacific and Santa Fe railroads Tor
1880, on file today with the state
railroad commission, showed de-
creases in operating revenue from
the year 1929, but in the case OF
the Southern Pacific there was a
gain in net earnings.
Southern Pacific operating reye-
nues were Sl96 ,653 ,2l6.38 for 1890
as compared with s236 l64l ,l74.l2 in
1929. Net earnings. however, were
s38, $3.50 1886 .66 in 1880 as against
S34 ,374,9 ,93l35 in 1929.
Imperial Valley press., 1931-05-08
ManhOle Tragedy
Takes Local Man
Continued from page u

continued from page -
the city engineering department. the
sheriff's office, the water depart
ment and the fire department. The
gas mask was brought to the scene
too late to be used in taking the
men from the hole White appar-
entity did not enter the hole but
inhaled the fumes while working 10
extricate the other two men.
Shannon's watch stopped at GIG
o'clock, thus fixing the approximate
time he fell into the water.
A eoroner's jury will be summoned
for an inquest tomorrow morning
at 10 O'Clock, at which time. Coro-
ner A. R. Underwood is informed,
White and Patton viii be able 10
testify.
Shannon was 81 years old. He
had worked for the city OF FL Centre
for many years. and lived at 564 Holt
street. Mrs. Shannon was notified
OF her husbands tragic death by
Mrs. J. L. Abel, friend, and rushed
10 the fire hall TO assist in the bat
tie TO bring her husband back 10
life. The deceased is survived by
his wife, three children, Evalyn, y;
10; and Dorothy, 3. and
two children by a former marriage.
City officials praised Shannon as
q faithful and competent workman
and expressed deep regret over the
tragedy. He was popu-
FA11
in union with his supe-
riors.
The body is held at Lemons par
lors pending funeral arrangements,
which will be announced later.
Stories Vary
Accounts of what happened at the
time OF the accident are varied, but
q clear version will
be forthcoming when White and
Patton testify at the inquest tomor-
-ow morning.
Members OF the engineering de-
oartment interviewed White at the
hospital today and obtained 8 brief |
according TO Don Davis, !
assistant city engineer.
White is said 10 have given the |
ollowing version: Patton collapsed |
While trying to bring Shannon's |
ools TO ground level. In attempting |
o pull him out. the rope slipped. |
shannon jumped in and succeeded
II replacing the rope about Patton.
Shannon started to climb out, COM
ng up the rope hand over hand. |
When he neared the surface, he was |
,vercome and fell back. I pus on a |
mask and went after Shannon"
White, as stated before, was over
covered by the fumes.
Imperial Valley press., 1931-05-08
Seek Means To
Stabilize Silver

WASHINGTON, May 8. UP
Adoption by the International
Chamber of Commerce of a resolu-
ton recommending an information
al conference TO seek ways TO stab
ilize price OF silver was assured to-
day when the resolutions committee
Of the chamber approved the draft
agreed upon by interested nations.
This was the first concrete ac-
ton in the convention on the con-
troversial issues brought before
the meeting here. This resolution,
along with a broad general resolu-
ton covering other economic prob
lens, will be presented to the con-
vention for ratification at its final
session tomorrow.