davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-01-28
BY CHARLES F. SPEARE.
Special Dispatch to The Star.

Special Dispatch to The Star
NEW YORK, January %. There
has been evidence of late of slight
breaking down of the barriers that have
existed for long time between lend
ers and borrowers. This Is reflected in
a larger total of new financing, which
for January will be nearly double that
of December, though still far from the
totals of normal times. 1t is a new
phase of the financial situation that
deserves some consideration
The incident that has reflected the
change and out of which has grown
more consideration for borrowers was
the $100,00000 credit granted to New
York City last week This indicated
the abundance of available funds, for
the issue was more than twice covered.
future financing will be the cost of
Change In Situation.
In other words, if a borrower in
good standing is willing to pay the
price, he should from now on have a
better reception when he visits his
banker than he has had for the past
six weeks. While he cannot negotiate
on easy terms, he no longer faces
lenders who will not trade on any
basis. To this extent the situation has
improved.
Corporations that are compelled to
refund maturing obligations Just now
must do SO at a substantial increase
in carrying charges over those when
they last entered the market, but it has
been proven by the reception Of various
municipal and public utility offerings
lately that the investing public now
takes a more kindly attitude toward
new issues than for many months.
The amount of financing that is
urgent, and which represents the sub
stitution of either a long-term or
short-term issue for a bank loan, runs
into substantial figures. This is exclu-
Sive of loans that must be financed by
the Reconstruction Corporation. There
is a gradual getting together between
corporations and underwriters of Sc
curities, with test soon to be made
OF the absorbing ability Of the market
through the medium of several high
grade power and light long-term bonds.
The degree TO which these are taken
by the public will determine the sub
seeuent amounts of offerings of the
same type and will encourage or dis
courage those who have held up about
as long as they can issues that should
be placed in the category OF second
grade bonds.
With the wage negotiations in Chi
cago completed there are likely to be
some new issues by carriers that enjoy
the highest credit ratings. These will
include loans of refunding character,
as well as those whose purpose it is to
transfer borrowings from banks into
the public markets. There is also a
certain amount of industrial financing
that is waiting on further clearing up
of the financial situation before pre-
suming to ask for its share OF the un-
employed capital controlled by the
banks and private investors.
Government Needs.
For a considerable time the invest
ment market will be influenced, both in
Evening star., 1932-01-28

to find corporations which manage not
only to maintain their profits but even
to increase them. Brooklyn Manhattan
Transit belongs in this category. De-
cember was the third consecutive month
in which gains were recorded in both
gross and net income.
For the six months ended December
81 profits, after all charges and pre-
ferred dividends. tOtaled $3.50, a de-
cline Of appreclably less than per cent
as compared with the corresponding
period in 1880.
Steel prices have attained a little
more stability at the existing low levels,
according to Iron Age, trade publica-
ton. Although prices cannot be said
to have actually reached a point of
resistance, it is gratifying to note that
for the first time in several weeks the
composite price averages of finished
steel, pig iron and scrap have shown
no change.
Introduction of a new international
monetary unit, to be known as grammOr,
Is being discussed in Europe. The value
OF the new unit is to be fixed in ac-
cordance with international agreements,
1t Is expected that International trade
and commerce will be greatly aided if
settlement of accounts can be made in
currency agreed upon by the nations
involved.
Europe does not seem to understand
America, the Washington administra-
ton maintains. Economic relief meas
ures adopted by the Government do not
constitute imitation, as is held by Eu-
rope.
Prompted by the specter of imitation.
the old Continent prefers to convert its
dollar credits into European currencies
which are still on a gold basis and
which are adequately protected by a
metallic cover.
one might perhaps point out to the
nations across the Atlantic that steps
Evening star., 1932-01-28
FEDERAL RESERVE
BANK CREDIT OFF
Decline Noted for First Three
Weeks in January, Board
Reports.
BY CHAS. p. SHAEFFER,
Associated Press Business Writer.


Federal Reserve Bank credit de-
clined in the first three weeks of jan
uary.
In summary of business conditions,
the Federal Reserve Board said the new
movement followed an increase during
the latter part of December, which in
turn was preceded by a decline which
set in around the middle of October.
The growth in the latter part of De-
cember was said to reflect a somewhat
more than seasonal increase in the de-
mand for currency, partly offset by re-
ductionS in member bank reserve bal
anceS and in deposits of foreign central
banks In January the return flows of
currency was considerably smaller than
in other recent years, while member
bank reserve balances continued to de-
cline.
Acceptance holdings of the Reserve
Banks, which had reached a total of
$3.50, 900, 900 in October, have declined
through maturing of bills held almost
uninterruptedly since that time, and on
January 20 totaled $3.50, 100000. The
banks portfolio of United States Gov
ernment securities showed some in
crease over the level of the early part
of December, and discounts for mem
her banks increased substantially
Loans and investments of member
banks in leading cities declined further
during December and the first two
weeks of January, rejecting reductions
in loans on securities, as we'll as in
other loans, and in investments.
In the middle Of January buying
rates for bankers acceOtances at the
Federal Reserve Banks were reduced
and open market rates on 90-day bills
declined first from 3 to 27s and later
to 234 per cent. Yields of high-gr
bonds, after advancing for a period of
about four months, declined after the
turn of the years, rejecting a rise in
bond prices.
Evening star., 1932-01-28
Everybody's
Business
Weakness IN Governn1 ent
Bonds Attributed to Pub
1ic Fear and Delay IN
Balancing Budget.
BY DR.. MAX WINKLER.

Special Dispatch TO The Star.
NEW YORK, January % (N.ANA).
Even borrowing as much as $780,
100000 to finance the Federal deficit in
full and to carry out the adminiStra-
tion'S relief measures would not aCtu-
ally impair the credit Of the Govern
ment, according to ogden L. Mills Un-
dersecretary of the Treasury
Mr. Mills ascribeS the large discounts
and weakness in United States Gov
ernment bonds to public fear of huge
borrowing and the refusal to balance
the budget. once such fears are elimi-
mated, the credit Of the Government
will be absolutely undOubted,. says Mr..
Mills He estimates that about S92O,-
100000 in taxes would be needed to
balance the budget for the coming fiscal
year and to resume the sinking fund
retiring Federal debt during the follow
ing year.
The action by the Steel Corporation
in reducing the quarterly common diVi-
dend from ST to so cents a share Is
likely to influence other prominent in
duStrial enterprises.
General Motors and Standard Oil of
New Jersey are scheduled to meet
shortly for dividend action At prevail
per cent on the assumption that the
present rate of So would be continued,
while General Motors yields on the
same basis about IA per cent re-
ductlon in the current rate would not
come as a complete surprise, especially
after the Steel Corporations example
Earnings of General Motors for the
last year aggregating $20l a share,
show decline from the 1880 figure of
more than 80 per cent. A declaration
Of So share, or about all that has
been ca. ned, will still give a return on
the present price of more than per
cent while cutting the dividend in half
would reduce the yield to about per
cent, which would seem more in con-
formity with prevailing money rates.
Standard Oil is expected to maintain
its present rate.
Wall street is still awaiting the out
come of the Chicago conference where
the question of wage reduction is being
discussed between the railroad presi-
dents and representatives of labor.
Railroad labor by protracting the ne
gotlationS expects to encounter little, if
any, difhculty when the devision reached
at the conference to the effect that a
10 per cent cut in wages has been
agreed upon is finally submitted Tho
savings t. the carriers rs result o. this
redu.tion are generally place1 at $780,
100000. to which might be aGd2d the
revenue derived from the recent freight
increase, estimated at $l00,000,000
That the status of railway issues,
especially senior obligations, will be
enhanced materially goes without say
ing.
1t is somewhat unusual at this time
Evening star., 1932-01-28
POTATO MARKET.

CHICAGO, January % LPD United
States Department of Agriculture) -
Potatoes-Receipts. "a cars; on track,
263 cars; total United States shipments,
655 cars; market dull, trading slow;
sacked, per cwt.. Wisconsin round
whites, No. /, 75a80; mostly rs: unclas-
stf1ed, few sales, 10; Nebraska Triumphs,
l.05al.10; Idaho RuSsets, No. !, 140a
$50; commercials. 1.10.
Evening star., 1932-01-28
RAILWAY EARNINGS,

NEW YORK, January % LP-The
first 20 railroads reporting for Decem-
Der had aggregate net operating income
OF Sl6,42l000, compared with Sl9,188,-
600 in November and S3O,426,OOO in
December, 1890.
Their December gross revenues to-
taied Sl43,083,00O, against Sl5O.842 900
in November and Sl84, 1872 900 in De-
cember, $780,
Evening star., 1932-01-28
FREIGHT L0ADINGS SHOW
SLIGHT GAIN FOR WEEK
By the Associated Press.

Revenue freight loadings for the week
ending January i6 were announced by
the American Railway Association as
totaling 573,276 cars.
This was an increase of 772 cars above
the preceding week, but 1l8,477 below
the corresponding week in 1881.
Miscellaneous freight totaled 1871
cars, decrease of 37,563 below the COR
responding week in 1881; merchandise,
186,627; decrease, 13,5OE; grain and grain
products, 3l,004; decrease, 9,31S: forest
products, 1901; decrease, 13,757; ore,
2,3l7; decrease, 2,427; coal, 119,12l; de-
crease, 34,512 coke, 1852; decrease,
2,416; livestock, 21,443; decrease, 1880.
Evening star., 1932-01-28
New York Cotton

Special Dispatch to The Star.
NEW YORK. January 28-Opening
cotton prices today were unchanged to
2 points lower. Trading was in small
volume. Trade buyers were inactive
and there was little inquiry from
abroad
Opening prices were: March. 663,
unchanged May, 6.79, off /; July, sos,
of 2; October, TIT, of 2; and Decem-
Der, 7,33, of 2.
Evening star., 1932-01-28

creased taxation and other efforts to
arrest def1atlon are entirely sound fnan-
cial policies. IncesSant increase in pa
per money without at the same time
providing for an adequate reserve is
not, but this is the last thing Washing
ton is seeking
tCopyright. 1882. by the North American
Newspaper Alliance Inc)
Evening star., 1932-01-28

Forty-two women recently took part
In the amateur billiards championship
tournament In London.
Evening star., 1932-01-28
FINANCIAL STRENGTH

Revenues Inereose-During this period
gross operating revenues were $108-
582,794,a gain of about %; net earnings
$43,553,sS0, decrease of 7%. This
decrease was largely accounted for by a
33% increase in provision for retirement
of fixed capital.
23l,o55 Security Holders 1880 Strength Of
the Associated System attracted 19,4s5
new investors during this period.
Evening star., 1932-01-28

1t is somewhat unusual at this time
Evening star., 1932-01-28
Eiqht Decades Of Growth
1852-1o32
Is 852-1o32

ASSOCIATED SERVICE has Just COM
"A pleted 80 years of growth. This
service is supplied by 12o companies,
whose operations in 5000 communi-
ties make the Associated System one
of the eight largest utility groups in
the United States.
Of the present companies, eight
were operating in 1882, the year of
organization of the Ithaca Gas Light
Company, principal unit of the origi-
nal Associated group. The cities these
eight companies serve and the years
the companies were founded are:
ROCHESTER, N. Y. /,
WORCESTER, MASS. II
Evening star., 1932-01-28

RIGhTS-KXPIRR
~ ;. Com Edison Feb L.. Al IA II. "
1s4 Pub Syc n II Feb l Ia l% ~ IN
Dividend rates in dollars based la quarterly
'Ex dividend. in
Payable in cash Payable ustrxsn
dividend plus ST in Plus stock.
stock Plus 2% in Plus in
q last ysar-no regular rata
Evening star., 1932-01-28

Copyright. 1922
Evening star., 1932-01-28
NEW YORK CURB EXCHANGE
Dhectt t The

those desEnated By letter
Pr Etnrks nd Sal
The Daily Alaska empire., 1932-08-04
U. s. ATHLETES KEEP W|NN|NC;
 BREAK RECORDS
Pole Vault, Discus Throw ing, Other Events Won
 at Olympiad

LOS ANGELES, Cal, Aug. A. The American track and field men continued a triumphant march at the Tenth Olympiad yesterday.
 William Miller pole vaulted IA feet, 1% inches, new Olympic record, bettering the accepted world record of IA feet IF inches.
 John Anderson hurled the discus 162 feet 47s inches, new Olympic record.
 George Sailing won the no meter hurdles in 146 seconds. Eddie Tolan, negro sprinter, step- ped the 200 meters in 21.2 seconds clipping nearly one second oil the old Olympic record.
 The United States athletes are now far in the lead in standings of the nations with l51 points. Great Britain is the closest com petitor with 28, Ireland 20, Canada 19, Germany IS. Finland 16, Japar IA, Poland 10, Sweden and France l7 each, with the other nation' trailing 4 to 1 points each.
The Daily Alaska empire., 1932-08-04
THREE THOUSAND
 MINERS SCATTER BEFORE TROOPS
Siege at Dixie Bee Lifted by National Guard
 of Indiana
ARRIVAL OF FORCE
 PREVENTED CHARGE
Rush Was Planned When Airplanes Appeared
 Over Scene

TERRE HAUTE, Indiana, Aug. 4. The seige at the Dixie Bee Mine has been raised by the armed forces of the State of Indiana.
 Sixty-five besieged miners are free and the union picket line, numbering 5000 men, whose snip- ing held the men prisoners for two days, faded during the night as 800 National Guardsmen, heavily armed, marched on the mine.
 Four of the wounded miners have been without medical care since Tuesday. They are recover ing today.
 Survivors of the siege reported that the arrival of a squadron of six airplanes saved them as union pickets were preparing to make rush when the planes ap- peared.
 The Dixie Bee sortie was the second within two weeks. Gov. Harry G. Leslie sent troops to Dugger to lift a siege there ir comparatively owned mine.
 Troops are still on guard at the Dixie Bee today.
The Daily Alaska empire., 1932-08-04
Queer Angle In Race for 

WASHINGTON, Aug. IA campaign precedent has been broken in the Curtis-G campaign for the Vice-Presi- dency.
 For the first time in history both the Vice-President and Speaker of the House arc can didates for the same office.
 Regardless of the outcome, they will preside jointly over the Senate and House during the toral vote counting which formally elects the next President and Vice-Ftesident.
 If John N. Garner wins, it will be the first time Speak CT and Vice. President will sit jointly with a defeated Vice. President.
 If Curtis is reelected, it will be the first time Vice-Presi- dent and defeated Speaker will preside jointly.
The Daily Alaska empire., 1932-08-04
VETS AND DRYS ARE
 AWAITING FOR SPEECH

WASHINGTON, Aug. 4.-Organ- ized Vets and Drys look to Hoov- CTS acceptance speech to complete evidence needed for campaign plans
 Some contend the President will confine his remarks to acknowledg- ment of the Republican liquor plank.
 Others claim the President will discuss the issue at length defining in detail his own views on the Prohibition issue.
 Dinwiddie Talks
 Dr. Edwin DinWiddie, Secretary of the Prohibition Board of Strat- egy remarked: Some of us do no; think it will change the picture. He said he will support Hoover ant continued by stating that i've re- sent that the President is active in the move to amend the Con stitution. His duty is to enforce The President does not come int the picture at all The proposed amendment does not even pas through his hands"
 The Republican liquor plank i not as bad as the Democrats, whici is likely to cause them trouble, Df Dinwiddie said.
The Daily Alaska empire., 1932-08-04
CANCELLATION
 OF WAR DEBTS
 B0RAH'S PLAN
Permanent Policy of Dis armament of European
 Nations, Required

MINNEAPOLIS. Minn, Aug. A. Cancellation of European war debts owed the United States in return for permanent policy of disarma- ment, was urged last night by United States Senator William E. Borah, of Idaho, who said this change, together with the disposal of the separations question would return the world to prosperity.
 Unless Europe agrees to disarma- ment, cancellation should not be considered, the Senator said. Senator Borah proposed that at | the World Economic conference. now being planned, the Unite d States unhesitatingly insist war debts and separations be given prominent places and subjects to be discussed.
The Daily Alaska empire., 1932-08-04
ALASKA SALMON PACK EXCEEDS 3,0O0,O00 MARK
O'Malley Reviews Industry for Chamber-Moves to
 Relieve Local Labor

Alaska's fisheries production up to last Saturday night aggregated 3,128,103 cases, the Chamber of Commerce was informed today by Henry O'Malley, United States Commissioner of Fisheries, lunch con guest of the local business organization. The Southeast AL aska pack totaled at the same time 572,332 cases.
 "It looks as if the pnik salmon pack of Southeast Alaska might be short this year. There is no reasonable explanation for this as We had large escapement in 1930,' said MT. OMalley. Theories Advanced ''A good many feel that the spawning beds might have been overstocked in 1930, causing e short run this cycle year. A good many others feel that the run is later than usual. We are keeping the Brant on the grounds to ob- serve conditions.
 There has been some improve ment in Icy Strait where catches have increased lately, and the same condition is reported from lower | Chatham Strait. If the run ma terializes we will extend the fish ing season few days in practi. cally every section in Southeas Alaska to give all of the districts an even break" he added.
 Is Relief Measure These extensions, the Commis sioner told the Chamber, are no for the benefit of the packers "They do not particularly nee' the additional cases that will b produced by giving extra time But the local fishermen and can nery workers do need the chanc to earn as much as possible fo their living expenses this Win ter" he declared.
 Reverting to the possibility of shorts- run this year than las year and in 1880, the Commis sione. said the Territory had no thing to fear from such an even tuality as the condition lis nc serious"
 : The Commissioner informed tn 5 Chamber that the first step ha Continued on Page Two)
The Daily Alaska empire., 1932-08-04
ALASKA JUDGES
 GIVEN PAY CUT

WASHINGTON, Aug. 4.-Federal Judges in Alaska, Hawaii and Por- to Rico are ruled as subject to the salary cut provisions of the National Economy Act by Comp troller General McCarl.
 The decision classified these JudgAs of legislative courts leaving untouched 125 Federal Judges of Constitutional Courts.
 Judges receiving over Sl0.0O0 will be cut to $10,000
 Judges receiving $l0,000 will be cut 10 per cent and Judges under s1O,000 will be cut 1-3 per cent.
The Daily Alaska empire., 1932-08-04
Deputy Has Witnessed
 Executions of 27 Men

McALESTER, Okla, Aug. 4. - He doesn't know whether it's a record or not, but Jim Wilkinson, deputy United States Marshal here, has witnessed 27 executions.
 For years a federal officer here, Wilkinson served during the time when Isaac Parker was Federal Judge at Fort Smith, Indian Ter ritory.
 He recalls most vividly the exc cution of Sillar Lewis, an Indian at Panola. In the excitement piece of black cloth. marker, wa pinned on the right side of thu Indians breast instead of over th' lheart, and when the bullet failet to kill him a group of Indians did
The Daily Alaska empire., 1932-08-04
PRETTY GIRL IS STRANCLED;
 BODY IS FOUND
Aged Recluse Covers in Cell After Making
 His Confession
I1JD1NGToN. Michigan, Aug. 4

LUDINGTON. Michigan, Aug. 4. Francis Nash, strange recluse, covered today in his cell after confessing he strangled pretty IT, year-old Evelyn Sanford.
 Stirred by the discovery of the girls body in shallow grave, resi- dents voiced lynching threats and the police are waiting for hostility to subside before Nash is arraigned.
 Telltale scratches on Nash's face led to his arrest. He confessed he waylaid the girl on a lonely road and killed her when she repulsed his advances. He denied assault was made.
The Daily Alaska empire., 1932-08-04
 Speech Is
 Completed
President Hoover Req dy for Ceremony on Night
 of August II

WASHINGTON, Aug. A. Final plans for President Hoover's ac- ceptance spe eel h were completed yesterday.
 The ceremony will be on the night of August II in Constitution Hall following an afternoon garden party at the Executive Mansion in honor of the official notifica- tion committee.
 First proofs of the President printed speech arrived at the White House yesterday afternoon.
The Daily Alaska empire., 1932-08-04
SECRETARY OF COMMERCE HAS
 QUIT CABINET
Hoover Immediately Names Roy Dikeman Chapin to Fill Post

WASHINGTON, Aug. 4.-Making another shift in his Cabinet, Presi- dent Hoover accepted the resigna- tion of Robert Patterson Lamont as Secretary of Commerce yester- day and immediately named Roy Dikeman Chapin, of Detroit, Mich'- gan, to fill the post.
 Lamonts resignation was tender ed because of his necessity of re- entering private business. The new appointee is Chairman of the Hudson Motor Company Chapin will take over his new duties next week.
The Daily Alaska empire., 1932-08-04
BONUS SEEKERS
 BREAKING CAMP; b GARD TRAINS
Veterans Quitting Johns- town-All Seem Glad
 to Get Away

JOHNSTOWN, Penn, Aug. A. Shouting goodbye" a second train load of bonus marchers left here this afternoon for the West and Southwest.
 About 1000 men, women and children marched in ragged lines from the squalid camp to the train.
 Railroad officials believe demob- ilization will be 75 per cent com plete by nightfall.
 The veterans seemed in good spirits and glad to get away.
The Daily Alaska empire., 1932-08-04
Al Smiths Son to
 Wed on August l3

NEW YORK, Aug. 4.-August 13 has been set as the date for the wedding of Walter J. Smith, twen- ty-two, son of former Gov. and Mrs. Alfred E. Smith, and Flossie E. Watson, twenty-two.
 The nuptials will be held in Schnectady, home city of the bride-to-be, who is daughter of MT. aa Mrs. Samuel H. Watson.
The Daily Alaska empire., 1932-08-04
RADIO OPERATOR AT g

PORTERvIIIlE, Cal, Aug. A. OperatorW*FZA, his friends believe is the youngest licensed amateur radio operator. His name is Alan Taylos. Margo. and he is only 9 years, 5 months old. Alan built his own short wave set and can take 75 wfrd= a minute in code.
The Daily Alaska empire., 1932-08-04
PERSIA CONDEMNS SPIES

TEHERAN = Thirty-two persons discovered spying for foreign gov ernments have been convicted here. Four were condemned to death and the others to from one to l5 years imprisonment.
The Daily Alaska empire., 1932-08-04
Ne,o Campaign Stumping Is Planned by Democrats; Gene
 Tunney Is to Be Spellbinder

NEW YORK Aug brand of political stumping with national idols campaign experience suppanting the od yesterday by Robert Jackson after being named Democratic Speakers Bureau
 Gene Tunney former champion world of the new tyne @ already being demanded to ap near in many parts country will the most active of the Demo speakers