davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-10-07
STOCKS ARE LOWER
ON SHARP SELLING
Operations for Short Account
Resumed, With Losses
Numerous.
BL GEORGE T. HUGHES.
Special Dispatch to The Star.

SpeCidi DlSpatcn 10 Inc star.
NEW YORK, October stocks had
another sinking speel today, during the
courseof which they went to new lows
on this reaction.
Before the close a rally set In which
cancelled only small part of the loss.
and the rally did not hold to the end.
Declines ran to as much as 7 points
In the more volatile issues and to 8 and
4 elsewhere.
There was no new reason for the
weakness. Rather it was a result of
the momentum gained on the down
ward movement in the two preceding
sessions Again wheat was weak and
that accelerated the selling in stocks.
The grains, however, left off above the
lows. OF other commodities the best
showing was made by cotton, cocoa
and sugar. Zinc was slightly higher.
How long it will take before liquida-
ton In staples and in securities has
run It's course it is impossible to say,
put 1t Is sure that great progress has
been made along that line.
The last hour hardening of prices
on the Stock Exchange was due to
snort covering and was not very i'm
pressive.
PrlceS opened irregular, with a slight
preponderance of advances, but before
noon liquidation had reappeared The
seIllng came in waves and while it was
at its height the tape fell behind busi-
ness on the floor When the selling let
up temporarily, activity decreased.
How much Of the pressure was due to
operations fr short account it is i'm
possible to say, but that at least was
partly responsible.
Ol more importance was the weak
IN the pool stocks, which must be elirni-
mated before the market can be restored
10 internal strength. This leaves out
OF account all oustide influences. and
these acted against the market in the
early trading today. The most infiu-
entail was the renewed break in wheat.
out that, too, was due to an over
bought position by speculative outsiders.
The trouble with both of these markets
Is there has been unintelligent and
extravagant speculation for the rise.
Some would go so far as to call il plain
gambling.
A few new stocks were subjected to
the selling today. One OF these was
National Dairy Products, which came
down below Sl8 share. and another
was Standard Oil Of New Jersey, which
sold around S28 a share The former
may have been affected by the various
milk strikes" which, however. the best
authorities say, have not and will not
affect the business of the large distrib-
utorS. The oil stocks suffer from the
belief that downward readjustment
in the price Of crude must come The
view held here Is that proration efforts
in the producing fields will not be ef-
fective, because Of bootlegging and the
only remedy is cut in price.
Evening star., 1932-10-07
TRADE UP FURTHER
IN ATLANTA AREA
Fall Store Sales Better Than
UsuaI-Cotton Demand
in Al Per Cent Rise.
Special Dispatch to The Star.

Special Dispatch to The Star.
ATLANTA, October aside from
the usual seasonal gains in trade which
are expected in late Summer and early
Fall, available business statistics relating
to the sixth district for August show
evidence of improvement over July in
some of the important lines of trade
and industry in the district. However.
agricultural prospects declined from
July to August, except in Louisiana,
and pig iron production in Alabama
declined to the lowest level in available
statistics
Department store sales, after adjust
ment for the number of business days,
increased by slightly more than the
usual seasonal increase from July to
August Sales by lot reporting whole
sale firms increased 223 per cent from
July to August gain not exceeded
at the same time of year since 1927,
and exceeded only three times during
the past II years.
Discounts by this bank increased
somewhat from August 10 to September
IA, and both discounts and securities
held were greater than at the same
held by weekly reporting member banks
in the district declined during this five
week period and were nearly $78,000,-
600 less than year ago.
Agricultural prospects in this district
are for substantially smaller crops OF
cotton, tobacco, white potatoes, oats,
wheat and fruits than in 1881. a smaller
decrease in corn, and increases in sweet
potatoes, and in sugar in louisiana.
Building permits reported from 20
cities, and contract awards in the dis
trict as whole, although still at low
levels, gained substantially in August
over July. Orders booked by Southern
Pine lumber mills have increased dur
ing recent weeks and for the four latest
weeks for which figures are available,
those ending August 20 through Sep
tember 10, have exceeded figures for
the same periods last year.
Consumption of cotton in the cotton
growing States increased Ala per cent,
and active spindles increased 6.6 per
cent, from July to August. and in
creases in orders and output are shown
in August figures for reporting cotton
mills in this district. Production of
bituminous coal in Alabama and Ten
nessee increased from July to August,
but production Of pig iron in Alabama
declined to new low levels. Port re-
ceipts Of turpentine and roSin for the
season, April through August, have
Evening star., 1932-10-07
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, October THE follow
ing is todays summary of important
corporation news prepared by Standard
Statistics Co., Inc, New York, for the
Associated Press:
Miscellaneous.
American Can Co. reported placed Or
der for $4,000 tons of tin plate with
United States Steel Corporation for de-
livery in first quarter of 1888.
Electrical Equipment and Radio.
Cutler-Hammer, Inc, shipments In
three months ended September 80 were
S700,914 VS.. $1,422.000 nine months
shipments were s2,309,786 VS.. S4,774,47l.
Investment Trusts.
Selected Industries, Inc, liquidating
value September 80, $75.77 per share OF
prior stock VS.. S76.38 December 81. 1881.
Tri-Continental Corporation liquidat-
ing value September 80 $105 COM
mon share VS.. 16 cents December 81,
1881.
Railroad and Railroad Equipment.
Pullman, Inc.-Gross revenues of
81, $30,394, ,905 VS.. S43.558,873; deficit
after taxes for period $859,002 VS.. in
come of $2,146, ,022.
ST. Louis-San Francisco Railway
Prior lien bondholders file amended
receivership action against company:
original petition recently was dismissed
by court.
Retail Trade.
Interstate Department Stores Sep
tember sales off 1.2 per cent; nine
months off ISL per cent.
McCrory Stores Corporation Septem-
ber sales off 1873 per cent; nine months
of 81 per cent.
Montgomery Ward & Co. September
sales of 1874 per cent; nine months of
21.9 per cent.
Utilities.
American Telephone e. Telegraph
Co.-Revenues of New Jersey Bell Tele-
phone, subsidiary, declined by $3,199, 900
in first nine months; loss Of telephones
in period totaled 10000.
Associated Gas & Electric Co.-Earn-
ings of system - months ended August
81 off 49, per cent; net before interest,
subsidiary preferred dividends, etc., of
1874 per cent.
Public Service Electric g. Gas Co.
Vice President Wakelee forecasts re-
duction of electric rates of company at
end of this year if there is no sub
stantial increase in taxes or material
changes.
Puget Sound Power & Light prior
preference share earnings IL months
ended August 13, $3.50 VS.. s26.92.
Southwestern Bell Telephone Co.
gross revenues eight months ended Au-
gust 81 of IL per cent; operating in
come of II per cent. .e-.
Evening star., 1932-10-07

Mcintyre POrc l h...
McKeesport T P t4)..
McKesson & Robbins
McKesson & Robs pf.
Mcclellan Stores. 80.
Mcclellan Stores pf. .
Mack Trucks (1).
Macy (H RI tn2).
Madison So Garden. .
Magma Copper (50c).
Madison & Co. ......
Manhat Elev mod gtd
Maracaibo Oil EXP.
Marine Midld (80c).
Marlin-Rockwell(1).
Marmon Motor Car. q,
Marshall Field & Co..
Mathiescn Alk(1h).
May Dept Stores Cd.
Maytag pf XIV.
Melville Shoe (1.20)..
Mengel Co pf.
Met-Gold Pic pf 1.89.
Miami Copper. ......
Mid Continent Petm.
Midland Steel Prod.
Midland Stl 1st pf(8)
Minn-H'well Reg Cd
MINI Moline Pow. 90.
M StP & S S NJ pf. 80.
Mo Kan & Texas. 80.
Mo Kan & Texas pf.
Missouri Pacific. ....
Missouri Pacific pf. =.
Mohawk Carpet. ....:
Monsanto Chem l Y ..
Montgomery Ward. =.
Mother Lode. .......
Motor Meter G & Ell.
Motor Products (2)..
Motor Wheel. .......
Mullins Mfg.
Mullins Mfg pf.
Murray Corp. .......
Nash Motors d..
Ma sh Chat & ST L..
Nat Acme Co.
Nat Bella Hess pf. =.
Nat Biscuit (2.30)...
Nat Cash Reg tA)...
Nat Dairy Prod (z)..
Nat Distiliers.
Nat Distillers pf(t3)
Evening star., 1932-10-07

NoTE-Todays in this edition
Evening star., 1932-10-07

at the first meet
ing of the year OF
the auditors sec
ton of the District
Bankers ASsocia-
ton last evening.
William M. Har-
ris. auditor of the
Lincoln National
B a n k, who was
elected chairman
of the section at
the annual meet
ing in June, pre-
sided. Leo E. Madl-
gan, auditor of the
M un t V e r n o n
Savings Bank, Is
vice chairman this
year, and A. E.
Voatp,op assistant
Evening star., 1932-10-07

NoTETodays individual in this edition
Prev Soo~ Lat
Evening star., 1932-10-07
Bonds to Be Redeemed.

CHICAGO October 7 (P,.-The Peo-
pies Gas Light & Coke Co. has called
for redemption on November 10 next
the S2,000.000 serial gold notes dated
December l. 1880 and maturing Feb
ruary l, 1888. The next security issue
maturing will be a similar 100000
issue due February /. 1894
Evening star., 1932-10-07

Sales Of Stocks New York Exchanxe
1880 A.M...... 100000 1900 Noon go. 100000
1870 P.M...... 1,1O0OOO 2:10 PM 100000
based yearly
Unit OF trading tPartly extra Plus
4es in stock Paid this regular
Payable in cash
stock stock Plus 81 in stock
Paid year-no regula
n x-divideEd. = 1900
Evening star., 1932-10-07
Fleming Reports on Legislation.

Dispatches from Los Angeles state
that Robert " Fleming. president Of
the Riggs National Bank, made his re-
port yesterday to the American Bank
ers' Association Convention, as chair
man of the committee on Federal legls-
lation. At the outset of his report. Mr..
Fleming commended both the President
and Congress for constructive measures
adopted at the last session. asserting
that they had done much to better con-
diticnS during the past year. He ADDED:
These measures have gre atly
strengthened our economic structure
ample credit is now available, our gold
supply is increasing, currency Is COM
ing out of boarding, and there are many
signs of returning confidence and bet
terment in many lines of business.
We should face the future with re-
neWed confidence in our Government
and assurance that We are emerging
from this depression upon firmer and
sounder foundations than ever before"
An interesting sidelight upon legis-
lative procedure in Congress was Chair
man Fleming's detailed outline of the
work of the American Bankers ASso-
ciatiCn and its Legislative Committee in
regard to measures affecting the bank
ing structure of the country, in which
he commented:
Visitors to the Senate and House
galleries are frequently surprised and
disappointed that they are not enter
tanned by outbursts Of inspired oratory
While dramatic scenes on issues OF
great moment may be enacted only &C.
casionally, it must be realized that law
making involves about 80 per cent of
hard and unspectacular work and
about l per cent of oratory"
Evening star., 1932-10-07
High Taxation Bitterly Scored.

Paul Shoup, vice chairman, Southern
Pacific Co., told the bankers that the
only way to cut the present high cost
of Government is to stop spending"
He declared further that:
Taxation is the assault of society on
the pocketbook of the unforgotten
man" explaining that while taxation
was a necessary evil" nevertheless,
there was the danger of taking the
heart out of thrift and of impeding
progress by taxes becoming almost con-
fiscatory in their scope He added:
THE taxes the people of this State
pay are equal to three times the amount
the government of Europe are supposed
to pay this year on the debts they eve
us, and our national tax bill is greater
than the entire principal amount OF
such debts.
The tax bill this year will take be-
tween one-third and one-fourth of the
gross income of the people of our coun-
try"
Col. Leonard P Ayres, vice president
of the Cleveland Trust Co., will head
the Economic Policy Commission of the
American Bankers Association this next
year.
Evening star., 1932-10-07
BANK Controllers.
PLAN CONFERENCE
Auditors Section of D. C.
Association to Arrange
Meetings October 21-22.
BY EDWARD c. STONE.

Plans for the first annual Eastern
regional conference of bank auditors and
controllers, to be held in this city Oc-
tober q and %, we're given big boost
Evening star., 1932-10-07
q. S. TREASURY BALANCE.

By the Associated Press.
Treasury receipts for October were
$5,869, ,885.73; expenditures. $12,740,-
952.32; balance, s836.911 1862: Gus
toms duties for five days OF October,
S3,357,221.11.
Evening star., 1932-10-07
Local Bonds in Good Favor.


Bonds were again prominent in the
trading today on the Washington Stock
Exchange. Trading opened with five
$1,000 sales in Anacostia & Potomac
Railroad guaranteed SIS, all selling at
9134. Washington Gas SIS sold at 1917
and $1,000 Capital Traction SIS moved
at 81 and $1,000 more at 51H4. There
was a good demand for Washington
Railway g. Electric As at 49, Railway g.
Electric preferred stock moved at 80,
SO and 90.
Directors OF the Washington Loan g.
Trust Co. have declared the regular
quarterly dividend of per cent, pay
able November l to stockholders OF
record October "a. Books will be closed
between those dates.
1t was reported in the financial dis
trict that lrs Lanier P. McLachlen is
gaining steadily from an operation for
appendicitis. Mr.. McLachlen is presi-
dent of the McLachlen Banking Cor
poration and former head of the Dis
trict Bankers Association.
Alfred H. Lawson, vice president and
real estate officer of the Washington
Loan g. Trust Co.. has returned from
q vacation passed at Atlantic City.
Sharp Gain in Clearings.
Washington bank clearings for the
week ended October totaled $50, 1927 900,
compared with S14,975,000 in the pre-
viouS week, but 20 per cent under the
total for the corresponding week year
ago. Clearings elsewhere in the coun-
try also showed gains, indicating i'm
prOvement in trade and industry.
Evening star., 1932-10-07

been the smallest for that period in
more than 10 years, and there has re-
Gently been improvement in demand.
and In prices, for both commodities.
Evening star., 1932-10-07

cashier of the Columbia National Bank.
is the new secretary and treasurer:
The coming conference will have
delegates from practically all the States
on the Atlantic Seaboard and from sew
eral inland States, and matters OF vital
import to all auditors and controllers
will be discussed, while income tax
problems and other questions of general
public interest will also receive atten-
tiCn.
The conference will be made notable
by the presence of the national officers,
who have Just attended the national
convention at Los Angeles. which was
held coincident with the meeting of the
American Bankers Association. Full
reports from the national sessions will
be presented.
Acting as chairman of the commit
tee arranging the convention program
and other details is Raymond G.. Marx,
controller of the Riggs National Bank.
assisted by Arthur j. Linn. auditor OF
the Federal American National Bank &
Trust Co. One of the biggest events
on the program. for the delegates will
be visit to the White House to meet
President Hoover.
The Waterbury Democrat., 1932-01-13
MACSNlTH GETS
 EARLY START FOR Sl5,OOO OBJECTIVE
Cox, Cooper, and Won Elm Enter Drive at Auga: Caliente

Agua Caliente, Mex, Jan 13--7 (UP)-Twenty-s amateurs and 102 professionals prepared to tee off to-day for the worlds richest golfing stake, the $15,000 Agua Caliente open championship. ~
 Weather was threatening, but it. was believed the tourney would get underway on scheduled time, g. a. m. (EST). F
 Light showers fell last night. but officials declared this morn-.s ing that play would not be post poned unless there were heavy downpours at starting time. The. weather bureau indicated this was not expected.
 Wants Another
 Macdonald Smith, victor in thes recent Los Angeles open, was up bright and early and ready to join the crowd in the 72-hole grind that will end Saturday.
 Other noted golfers present were Wiffy Cox of Brooklyn, Harry Cooper of Chicago and George Won Elm of Detroit, all of whom have found the golden golf trail of the west coast lucrative this season.
 Eighteen holes will be played daily, with the low GA and ties qualifying for the final two rounds or Friday and Saturday. The course has par of 72.
The Waterbury Democrat., 1932-01-13
LADS IN LAVENDER
 MEET CROSBY AT WILEY GYM TONTTE
Ansonia High Expected to Furnish Hard Game for Locals - Prelim and Dancing

Just exactly what and where the Crosby high school basketball team is headed for this season will be disclosed this evening when the Blue and White band maestroed by Bill Schofield mixes with Art Stewards Ansonia high brigade, better known to the folks down south (Connecticut) as the lads in lavender.
 How They stand
 In the league standing, Crosby is a notch above their adversaries of this evening though both of them are not far from the cellar. On paper, Crosby should come through with a win to boost their stock as Ansonia has dropped two of its three league games to date, while the local boys have broken even in two league contests.
 Meet the Boys
 Jurkowski happens to be the tag on the visiting sharpshooter and Wilbur Dunn will have to be which means that Eddie O'Donnell on their toes when Jay gets past central court. In Ragis and Will mot, however, Crosby has a pair of forwards with plenty of possibll- ities, while Bob Mcdonald has been doing nice job at the pivot post. Reserve teams of the two schools will meet in the prelimin- ary game. Dancing to follow the main contest.
The Waterbury Democrat., 1932-01-13
Catholic League
 Slate for Week

This afternoon at Washington gym at o'clock, "Zeke" Connora St Francis Xavier hoop team of the Parochial league meet the youthful St Ann five in a scheduled league game. E
 Tomorrow Herb Colby will ref cree two games at the Phoenix Arena, At 3:45 p. m. Tommy De- links St Joseph entry tangle with Rev Francis Breen's Sacred Hearts while Harry Melvin's undefeated St Mary boys take on Jim Mur- phys Sts Peter and Paul aggre- gation at 4:30 p. m. Dan Briotti will referee the St Thomas and St Margaret game to the Pearl Street Community house tomorrow.
The Waterbury Democrat., 1932-01-13

At New York-Eddie Benson of Brooklyn, knocked out Giacomo Bergomas, Italy CD; Charley Horn, Ridgewood, defeated Billy Dona- hue, New York (6); Vincent Pe- ralla, Argentina, knocked out Artie Rodenback, New York (5); Char ley Massera, New York, knocked out Duane Duncan, Kalamazoo (3); Chris Cafachi, New York de- feated Charley Young, New York (4); Abe F'eldman, New York de- feated Julius Vigh, New York (4).
 At North Adams, Mass.-Billy Champney, 131, Worcester, won by a technical knockout over Jackie Sims, 132, New York (9); Jimmy Paternostro, 139, New York, knocked out Young Bard, 130, North Adams, (6); Mike Toronto, ITO, Bridgeport, Conn, outpointed Joe Mangold, 16S, Pittsfield (S); Sol Carta, Middletown, Conn. out pointed Loy Boschetti, North Adams (6).
 At Portland, Me.-Paul Junior. Lewiston lightweight outpointed Johnny Gonzales, Boston (12); Henry Surette, Boston heavy weight, outpointed Dan Martin, Conway, N. H., (6); Charley Kel- ley, Newton. Mass, outpointed Billy Sims, Durham, N. H. co.
The Waterbury Democrat., 1932-01-13
Going Broke Is
 Now a Pleasure
By DAN PARKER


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 And mockins mocaing bird, you the M h to Sae os so % p
 
 
 %u ias ssn sF sss left s ss 
 %s' % Ss ns s:? s:sss $ s sR1;; @ % sss o ss
 s sss in sns the house he' ss ss:ss: ss:sns % a % " s provided for such an emergency
 the ,saaa s treansr aPtsa ef tse s9Ss P's pa, st'y 'a rss 5 n st. :; ca: % 
 AS IF there be increase rather than drop in proposal luxuries adopted Jack Delaney comeback management or Reilly Jack wanted to fight he should have taken Maoney and Jack sharkey Was is los? MY off that Benny that journalist has been bounced from Ciub Fer function terad scha bout slated for Friday night Garden the that really cancelled because Dan Carroll and the advance sale indicated that the $139 Schaa will % the local February Maty Herbert has new that distinguished of Liverpool has put mother the professional Referee Mike Hyas by the neck and darling saing at the Jamaica arena the other ... ,,.. r....... srra,,o+.>
The Waterbury Democrat., 1932-01-13
Five Leading Bowlers

The columnist came back to his old position at his keys, and the boys returned back to the bowling alleys after Q long absence of three weeks, which included Christmas and New Years week. And the long vacation seemed to do more harm to the boys than good. especially to the three leaders in the circuit, who dropped two out of three games. Just glance at these records folks and you will know the reasons for the leading team's downfall. First we will start with the Rubber Room, which shows Doe" Paul Dente hitting mere 275, an average score of 225 caused the Machinists downfall, while Jim "Corncracker" Harty's score of 266 proved the downfall of the leading Carpenters. Welcome back to the fold Ray mond Keefe. For fans interested to know, Ray has just recuperat- ed from a slight illness, and was back in the Weavers fold last Fri day night. And least We should forget, MT Keefe has gained a bit of weight, adding 15 pounds dur ing his illness. DiAngelo who replaced Sammy Micale as anchor man for the Machinist out fit collected $40 for the night. A nice score DiAngelo, old boy, more power to you in future games. Mickey Collucio, our star pianist, is improving considerably with his bowling, connecting for 321 in three games against the Shippers, but he and Tony Guz- zardi who rolled 320 could not stave the Shipping Room attack, and dropped two tussles.
The Waterbury Democrat., 1932-01-13
Mill Plain Cagers
 Play in Meriden

The Mill Plain Jpniors. follow ing 8 drastic shakeup, make their Meriden debut tonight meeting the Silver City Boys club cagers on the club surface. To date the Plainers have won three of four contests.
 Tomorrow night the Central Y Sigmas will again enter the Jrs lair seeking another victory. How ever, the east enders figure on evening the series after their re- cent shakeup.
 Ed Reed and "Curly" Tice will be at forward, Hen Modugno at center and Captain "Snooks" Jar wis and Charley Modugno in the rear courts.
 The Juniors would like to meet the Recreations, Cornmashers and Betros. For games dial 3-5623.
The Waterbury Democrat., 1932-01-13
W|6st|ir
(BY UNITED PRESS)

At Lynn, Mass.-Farmer George Mcleod, California, threw Joe De- Vito, Providence; Casey Kazan3ian, California threw dynamite Dunn, New York; Marvin Westenberg. Tacoma, Wash, drew with Dr Len Hall, Nebraska.
 At Brockton, Mass-Jim Brown ing, Missouri, threw Pat Mckay. Memphis, Tenn; Lee Wykoff. St Louis, Mo, drew with Charles Han- son, Sweden; Jack Albright, Chi cago, threw Art Davis, Tufts col- lege; Nick Skotos, Greece, threw George Nelson, Texas.
 At New York--George Calza, Italy, threw Sandor Szabo, Hung ary; Taro Miyaki, Japan. threw Vanka Zelesniak, Russia; Jim Me- Millen. Chicago and Renato Gar dini. italy, drew; Leo Pinetzki, Poland, threw Andy Zaharoff, Rus sia; Sam Stein, Newark, threw Bill Middlecoff, Florida.
The Waterbury Democrat., 1932-01-13
ALBANY CLUB IN
 UNCERTAIN POSITION

Albany, N. Y., Jan 13-(UP) The future of the Albany Eastern Baseball league club is expected to be determined Fri day at q meeting of n special committee of bOndhOlders.
 It had been hoped q reflnanc- ing plan could bc created through conversion of bonds for common stock in the Capital District Baseball Association. Inc, owner of the league fran chise. Some bOndholders, how ever. believe the idea is imprac- tical. More than two thirds of them have agreed to the cOm- mittec's recommendations.