davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-05-14
Bankers Meeting.

This is an aspect of the listed bond
market that the board of governors of
the Investment Bankers Association is
likely to discuss at its annual Spring
meeting at White SULPHUR Springs next
week. 1t has been touched on in a pre-
liminary report, which stated that bonds
are on panic price basis; that the
sale of 10 bonds can break many good
issues 10 points or more, while the pur-
chase of 25 bonds would be sufficient
to advance prices of these or other is
sues 10 points. One Of the most unu-
Sual features of the bond market fer
the past nine months has been the lack
of the most nominal kind of support
and the frequency with which even un-
DERIVING mortgages have collapsed and
have subsequently been allowed to stay
at their bottom prices.
The answer of the issuing houses to
this situation is that they cannot con-
tinue to hold the bag" for those who
have attempted this in the past two
years have come to financial grief. On
the other hand. the earning power of
bank money has been steadily declining
and excess reserves have been decreas-
ing. During the same period bonds
have been steadily falling in market
value and their bargain character,
based on intrinsic values, has been
growing more favorable. Under normal
conditions the bond dealer would take
Evening star., 1932-05-14
First Mortgage Loans

Lowest Rates Of Interest and Commission
Thomas }. Fisher & Company, Inc.
Evening star., 1932-05-14
NEW YORK BANK STOCKS

NEW YORK, May IA (P).-Over- the
counter market:
Banks
Evening star., 1932-05-14
Huge Reserve Built Up.

1t is no secret that the Federal Re-
serve authorities are disappointed over
the support so far given by banks in
the system to their efforts. through
purchases of Government securities, to
provide additional banking accommo-
datiOnS for the country. They realize
that the adaptation of the banks to
the new credit processes will be slow
and that it may require several months
to realize the force Of them On the
other hand, they had reason to antici-
pate more cooperation than has been
given to date, in view of the fact that
they have already created an abnormal
excess of reserves through buying over
5000, 100000 of Treasury certificates
and other Government paper
The point is made that the banks
have an opportunity in the present
bond market to obtain high-grade is
sues at bargain prices and are neglect
ing unusual business opportunities in
staying out of the market There have
been rumors the last few days of a re-
vival of the type OF concerted support
that sharply rallied bond prices last
December and placed very little burden
on those who took part in this move
ment Investigation, however, fails to
disclose any signs Of substantial buying
for institutional account. There is the
same thinness to the market that was
its most discouraging feature five and
six months ago.
AS an illustration of this, there were
last week about a score of listed bonds
and half a dozen more in the outside
markets that declined over 10 points on
limited transactions. One legal issue
went off 16 points on a sale of three
bonds, another lost over 25 points on
an offering of II bonds, third dropped
"a on single sale, two others de-
clIned respectively 20 and IT points
with but one bond sold and several
others, including legals, fell Is points
on sales of fewer than 20 bonds. In no
case was there any indication of a
good bid" under these issues.
Evening star., 1932-05-14
lis Is Zenith Radio. ......
95s 6 Zonite Prod Corp %

the above table
Partly tPus 4 in STOCK PAID this
in stock 20 stock. Plus 81 preferred
stock Plus in Paid year-no regular rate
n So n stock. Plus 2lai6 stock
Evening star., 1932-05-14
BANK LOAN POLICY
IS STILL CAUTIOUS
Federal Reserve Board Had
Expected More Liberal
Credit Expansion.
Special Dispatch to The Star.


NEW YORK, May 14.-In spite of
what may be said by the banks in de-
fense of their policy, official figures
available prove that they are not fol-
lowing up the controlled credit program
of the Federal Reserve System in liber-
alizing loans to their customers or IN
taking the active part that was expect
ed of them in purchasing corporation
securities.
The Federal Reserve statement of
member banks this week shows that
loans on securities we've further reduced
by 100000 in the week of May 4
and that, while an addition of S284,-
100000 was made to their portfolios
in Government securities, representing
in part purchases of the last Treasury
issue, they added only S5 900 900 to their
holdings of "Other securities"
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22
EVERY FARMERS WIFE BE-
LONGS IN THE UFL

In a letter we received from Angora, Minneso-
Ia, farmer wrote, cit is up to the women to dis
cuss these questions as well for the men so the
women should also be present at the next meeting
Of the Sturgeon Alango unit of the United Farm
ers League"
Every farmers wife and every farmer belongs
in the United Farmers League Every farmers
wife knows as well or even better than the farm
er what this crisis means for her family. She
knows what it means to keep the family alive and
in some kind of clothes when every cent that
comes in is demanded by the bankers or by the
tax collector. She knows what the refusal of any
kind of relief by the capitalist class means for her
family.
Her place is in the ranks of the United Farmers
League with her husband. Her place is in the
only organization that is uniting the great masses
of small and middle farmers in the struggle
against the capitalist class and it's oppression Her
place is in the struggle against the eviction Of her
family in the struggle for lower taxes for the
small and middle farmers and tax exemption for
those farmers who unable to pay them. She
must play leading role in the struggle for free
medical relief for the toiling farm masses.
United Farmers League locals. How many
farmers wives have you drawn into the United
Farmers League How many farmers wives are
ON your executive committees In nine cases out
of ten the percentage is very smantoo small.
It is our task to make a special effort to in
crease by many fold the number of farmers
wives in the United Farmers League locals. We
must see to it that they are given responsible po-
sitons in the executives and in the various com
mittees and delegations.
We cannot, we must not build the United Farm
ers League without masses of farmers wives. In
order to organize for effective struggle in order
to build the United Farmers League into mass
organization of the tens of thousands of the toilne
farm masses we must rally tens of thousands Of
farmers wives to participate actively, side by side
with their husbands, in the struggle.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22
ORGANIZE AGAINST HOOVER'S
SYMPATHY"

Senator Smith, South Carolina, representative
of the cotton plantation landlords and of the tex
tile mill owners, reported to the Senate on Janu-
cry IL that the Department of Agriculture had
advised him that they had the intention, regarding
the $50,O00,000 credits for the farmers in the Re-
construction Finance Bill, to administer the funds
sympatheticaMy" They were ready to use the
fund Sin the same spirit" as had been the case
in the feed and seed loans.
Of this "there is no probable doubt, no possible
doubt, no possible doubt whatever" to quote the
English song writer, Gilbert. Like the Walrus
and the Carpenter the Department of Agriculture
deeply sympathizes' with the verty-stricken
farm masses. And the farm masses can say to
the Department of Agriculture as the oysters said
to the Walrus and the Carpenter, Damn your
sympathy
The sympathy" of the Department of Agricul-
ture and it's chief, notwithstanding HYDE for
the farmers has been made evident enough III the
Feed and seed loans, if any recent proof were
needed to show them as part of the Wall Street
hunger and plumber crew.
The feed and seed loan committees have beer
composed of bankers, ex-bankeTs, feed and seec
house operators and the rest of the enemies of the
farmers. The recent feed loan was used to dis
criminate against farmers for their political be
hefs. The loans that were not refused outright
were cit to the bone so that the farmers have nov
less than enough feed to keep their stock allv
during the winter months.
This is the sympathy" of the Department O
Agriculture The farmers must organize TO pro
tect themselves from this blood-sucking "sympa
thy" Build the United Farmers League the mas
organization of the toiling farm masses in til
str1pgle against Wall Street and its "sympathet
CO Hoover Hunger government.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22

tor is to come at bnce to any needed case when
notified"
The red tape can be settled by the county COM
missioners or supervisors after the farmer or his
child are WELL
The farmers of Skanee have set us an example
Demand free medical attention for the toiling
farm masses. Crush the demand of the agents of
the bankers that the farmers be deprived of medi-
cal attention. Crush this attack on the farm
masses Fight for free medical attention from.
the county nurse and county doctor to be paid for
by the county out of increased taxes from the
rich.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22
Salary Cuts Planned
i For Virginia State
Employees, Teachers

The state of Virginia is the lat
est in the list of those who are
planning on cuts for the state en-
ployees in order to stop up the
hole in the budget. On January
10 Gov. Pollard recommended to
the General Assembly cuts of ten
per cent in the salaries of all the
state employees, EXCEPTING
members of the general assembly
and judges, for the fiscal year
ending June 80, 1888. By this
wage cutting campaign the state
viii save $1,035,OO0.
In addition Pollard recommend
ed that the salaries of school
teachers should also be cut ten per
cent. By this means the capitalist
class will take over 100000 from
the already miserable school funds
and at the expense of the thous-
ands of poorly paid teachers in
the state.
This is one of the ways in which
the capitalist class is trying Il
hold up the financial structure Of
the state and city governments
by attacks on the working masses
in this case directly at the ex
pense of the teachers and indirect
ly by lowering the present abyss
NAL educational levels still furth
er.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22

ing policy, to this new starva-
ton order.
The latest move of the bankers
in New York clearly exposes the
hunger program of the Hoover
government.
President Hoover repeatedly de-
clared that no federation relief or
unemployment insurance would be
given because the Getty and local
relief is adequate"
Every capitalist agency now adj
mits this relief is not adequate
The New York Times prints sta.
tistics showing that the relief is
sharply cut and that hundreds Of
thousands face starvation. Thi:
blasts the Hoover argument t.
shreds.
The workers must demon
strate Feb. A IN huge masses to
smash the hunger policy of the
bankers who run the Hoover
government as well as all the
local, city and state administra-
tions. Demand immediate re-
lief: demand unemployment in-
surancei All out ON the streets
Feb. A in a mighty demonstra-
ton against hunger and for un-
employmens insurance!
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22

Sheridan County are determined
to fight this attempted deporta-
ton and this attack on their Unit
ed Farmers League to the bitter
end.
We can on all United Farmers
League locals, Farmers Union To-
Gals, cooperative stores, and other
working class organizations to
protest this attack on the militant
attempt to deport Simon Swanson,
this attack on the farmers of
Sheridan County and on the Unit
ed Farmers League.
Rally to the defense of Simon
Swanson. Force the Doak agents
of Wall Street to release our fell
low member of the United Farm
ers League. Demand the imme
date release of Swanson.
Toiling farmers, the defense Of
our fellow member, Simon Swan
son, win require funds. We know
that most of us are broke, bu'
there may be a few dollars tina
you can spare. The farmers o.
Sheridan County have formeC
their own defense committee. Sen.
all funds to the Sheridan County
! Defense Committee of the United
Farmers League, co Producer
News, Plentywood, Montana. Max
all checks payable to Hans Ras
mussen, treasurer of the defens
committee.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22
DEPORT


Sheridan county. During the past
few years he. has been salesman
for the Delco Light Company, in
stalling light and power plants for
the farmers, and has been working
as a farm laborer.
The real reason for the attempt
to deport Swanson is that in Sher-
'idan county the United Farmers
League has been leading the farm
ers in a determined struggle for
the abolition of the County Agent,
against discrimination in the feed
loans, for adequate relief from the
Red Cross for the farmers Of
Sheridan County, and against evic-
tions of the destitute farmers
from the land. Because the Unit
ed Farmers League has rallied the
great majority of the farmers of
the county in these struggles the
capitalist class is making this at
tempt to deport one Of its mem
berS.
The attempt DO deDOrt COmrad<
Swanson is an attack ON the Unit
ed Farmers League.
T. w. Greer, of PlentywoOd, ha.
been retained as attorney for 81
mon Swanson and the farmers O
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22
FARMERS UNION OF
NEBRASKA LEADERS
|BETRAY FARMERS.
MEET WITH GOVERNOR AND
REFUSE TO PUSH FARMERS
DEMANDS FOR RELIEF.

The Farmers Union officials of |
Nebraska have betrayed the de-
mand of the farmers in the Union |
for immediate relief. They have
shown that their attacks on the
present Wall Street government
are nothing but hypocrisy and that
the hunger program of Hoover
and Wall Street is their program
At the recent Famers' Union
convention in Omaha, the directors
were instructed to confer with the
governor i'm regard to the advisa-
oility of a special legislative ses-
sion to provide relief for farmers
of the notheast section of the
state whose crops were destroyed
last summer by drouth and grass
hoppers.
They have refused to carry out
these instructions of their own
convention. They met with Gov
ernor Bryan and State Tax Com
missioner w. H. Smith ard then
decided not to push the demand
Ifor a special session Of the state
relief legislature to provide relief
for the destitute farm masses. The
Farmers Union of Nebraska had
demanded this.
Want Hoover Hunger Program
As a result of the meeting, the
Farmers Union executives recon-
mended "a continuation of the
present free donation system a.
the best means of meeting thu
emergency" These misleaders o.
the farmers found that the beS
means of meeting the "presen
emergency" was a continuation o
the present hunger program alonj
the lines laid out by the Hoover
Clifford committee.
What emergency" are the
trying to meet? Not the eme1
gency of the destitute farmers bu
the emergency of the holders O
the states bonds and the CRATER
who are worrying about the def
cit that exists in the state buC
get. These are the ones whose il
terests the leaders of the Farmer
Union were so concerned about.
These actions of the Farmer
Union officials are open treachel
to the farmer members of Il
Nebraska Farmers Union. tt
answer of the farmers in the Fa
mers Union must be to develc
the struggle for immediate reli
: in their locals and to push tn
: struggle thru representatives
: the locals backed up by the mer
, bership and not thru the fat So
aried traitors at the head Of t
Union.
Demonstrate in solidarity WI
the workers and farmers of t
entire country for immediate
: lief on February 4th.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22
PROSTITUTION IN
HONOLULU SHOWN
u. S. NAVY HAS FOSTERED
INDUSTRY ON ISLANDS

The widespread prostitution
business which has been establish
ed in the Hawaiian Islands by the
United States Navy and which is
now being used to establish an
open military regime there by the
Navy in preparation for the at
tack on the Soviet Union is re-
vealed by a report made to the
Hoover government in 1927.
Organized vice rings, operating
turnout the city of Honolulu, have
brought about conditions so "dis-
gushing" that practically all the
principal streets are infested
with dives of the lowest order"
Officers who drafted the report
today say these conditions have
grown worse in the last -four
years.
The report listed Is "crime'
streets in different sections Of
Honolulu and said a "great many
Individual brothels are scattered
turnout the city and county"
Discussing prostitution in tbs
city, the report said the majorit!
of white prostitutes came to tn,
islands from the United States
1t is on basis of this prostitu
tion that has been fathered by tn
ISU. S. Navy that the chiefs of tn
Navy now proclaim that lynchini
of native Hawaiians by naval of
Ulcers is permissible. The "sanc
tity of American womanhood'' ca
be seen from the fact Chat tn
majority of the prostitutes hav
! been imported from the Unite
: States with the acquiescence {
the u. S. Navy.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22

(COnsInueu from front pa9e)
csc goods. The headquarters of
several Knomintang papers were
raided in search of Japanese-man-
ufactured newsprint. In one Of
flee where Japanese newsprint
was found, the Kuomintang editor
was clamped into wooden cage
and put on public exhibition for
several hours. The Kuomintang
officials retaliated by declaring
martial law and the prohiblrlon of
all anti-Japanese demonstrations.
Japanese official communicates
issued yesterday at Mukden con-
tain the arrogant boast that sshun-
dreds of Chinese have paid with
their lives for the victories thew
won last week, when japanese
casualties ran high" The Japan
ese are pushing their vengeance
drive against the Red Partisan
troops in the Province of Jehol
The partisans are still giving
| good account of themselves. Sew
eral sharp battles are occurring.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22
NORTHERN MINI.
FARMERS DEMAND
DECENT ROADS.
FARMERS SHOULD GET WORK
TO MAKE ROADS PASSABLE
NEXT SPRING.
(By a farmer correspondent

(By a farmer correspondent
Angoram, Mimi, Jan. 15.-The
Sturgeon Alango unit of the Unit
ed Farmers League held its meet
ing at the Sturgeon Hall on Janu-
airy IL, 1882. ALI the farmers
(there was about so of US present)
were interested in the meeting.
This shows that even here in nor
thern Minnesota the crisis is
growing and the farmers are fore
ed to carry a larger burden than
ever.
They begin to understand that
the United Farmers League Is the
only organization that will fight
for the interests of the poor farm
ers. They also realize that the
only way out of it is to organize
and fight, to fight under the BAN
ners of the United Farmers
League for tax exemption for the
poor farmers, etc.
A committee of three was elect
ed to go over to the county com
missioner and put forth the de-
mands that were already given t.
them at the board meeting a
Duluth, for the reason that the!
will soon forget things such a
these if they are not reminded
about them.
We also have a demand of on
own. The county roads aroun
here are in bad shape. there ar
roads that have been cleared on
J !, and have not been graveled. Whe
| spring comes around again tn
i roads will be almost impossible
so now is the time to fix then
We demand road work for tn
poor farmers, and if the count
! commissioner does not mo'
. where to put the men to work W
I will show him plenty of place
4 The county must hire the farmer
;, trucks to haul the gravel, an
II must put men in the pit to show
le it on the trucks, or otherwise
9 will not be relief.
4 Two members were nominate
D. to spread the Producers News al
n to get subscriptions for it
:. Come to the Next Meeting
= The next meeting of the Unit
= Farmers League will be at t
Sturgeon Hall on January 26, 10
= and at this meeting we will he
= the answer from the county col
:, missioner on the question of TO
: work for the poor farmers. Do
let your neighbor do the fighti
eo for you, come and join. in yol
&c selves. Mass pressure is alwa
10 stronger than a few. 1t is up
N. the women to discuss these qu'
l. tions as wem as for the men,
he the women should also be prest
at the next meeting.
nd SO come all young and old
in Sturgeon Hall on January &c
Elk, and show the county officials
es- mean business.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22

(contiansd FRAN Fznnt Paxsl
City garbage dump, is 50 kind
that he let's man sleep in the
tool house on the dump and he
boards him on the garbage, which
is good pay for a Waterman for
the tool house.
We have a hall at 30211 LIST
Ave. South open from 1000 A. M.
to 200 P. M. every day and have
meetings on Monday, Wednesday
and Fridays at 7.S0 P. M. Every
one is invited to call on us when
they are in Great Falls.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22

Two w. l. r. representatives have
been shot to death and number
kidnapped, beaten, arrested and
held for criminal syndicalism.
The striking miners delegation
of the w. /. r. viii make a ma
tiOnal tour holding mass meetings
in every city and industrial center.
It is planned to build a mass re-
lief army which viii be known as
the Kentucky Strike Relief Vol
unteers. These volunteers win be
the backbone of the relief cam
paign under the direction of the
Workers International Relief.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22

AMERICAN WORKERS Ss STI
PORT YOUR CHINESE SST1R COY
Frs AGAINST Iii, TnI sTBEs
mon MON E EEET IMsPERIALIsr "
H AETm 1an N TOkIO'
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22
A Bundle of Twenty

Warren. O.. Dec. %. - Please
send me twenty copies of the
Producers News. Enclosed fine
one dollar A Farmer.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22
MINI. WORKERS


VS0nslnnsd xrom kT0nt ka@el
to carry on the work and are prov
ing to be able executives and CO.
ordmators of relief work. More
w. l. R. officials have been sent
into the coal fields in defiance of
the political machinery of the To-
cal counties and the gun squads
of the coal operators.
Several W.I.R. soup kitchens
have been dynamited by deputies.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22

DOWN WITH THE KOUMIN.
TANG, THE AGENT OF nGPER-
IALISMl
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22

THE KELLOGG PEACE PACT
WALL STREETS WEAPON
FOR WAR
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22
DEMONSTRATE

Continued from FrOnt Page)
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1932-01-22
WILL ATTACK

CONTINUED from front page)
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-08-09

Camp Curry. On Glacier Point, park
rangers supervise q spectacular bon.
fire of fir bark. When the fire has
bee n reduced to glowing enbers,
comes the ceremony Of pushing the
fire slowly over the great wall Of
granite. To those thousands Of feet
below, this fire as it sputters over the
granite walls resembles q great fire
fall. Tourists come from the ends OF
the nation to see this spectacle. Man.
made though 1t is, the fire fall has
become a custom. It originated in the
early '80s when thrifty Scotchman.
by accident, pushed over a fire and
got the effect Of fire falls. He was
paid $3.50 a night to repeat the per-
Torrance few times week. Now
the stunt is more pretentious. The
fire is started at Z o'clock at Glacier
Point as part of the outdoor commu-
nifty entertainment. It acts as a sort
of timepiece for the speakers, for when.
the fire gets to the Showing off"
point, the program ends and the long
rakes are hauled out. There is hal
looing from fire cliff and Camp Curry
before the sparks fly in wild profu-
sion. The effect from above resem-
bles a display Of monster fireworks,
but viewed from below the spectacle
is even much more effective.
It is hard to leave the spell Of this
park. Tourists entering by Fresno
return If they desire by MERGED, lit
tie village, as hot as >Tophet, on the
Southern Pacific.