davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-09-24
DROP IN EARNINGS
REPORTS EXPECTED
Wall Street ForeSees Poor
ShoWings for Third-Quar-
ter Business.
BY BERNARD 8. O'HARA,
Associated Press Financial Writer.

NEW YORK, September 24.-Wall
Street entertains rather faint hopes that
the stock market will draw much nour-
ishment from third-quarter earnings
statements of most industrial corpora
tions.
Enough evidence has come to hand,
covering companies in major industrial
groups, to indicate that many concerns.
despite economies effected in production,
distribution and selling costs, are still
far from a profitable basis because OF
paucity Of business. In the case Of cor
porations which so far have been able
to show something earned on their
common shares it is assumed that re-
turns for the three months ended Sep
tember 80 will make generally unfavor-
able comparisons with year ago.
Leaders Watched.
Wall Street is turning its attention
to the probable showing of such leaders
as United States Steel Corporation, Gen.
eral Motors, General Electric and others
of like importance.
With record low operating rate con-
tinuing through to the fag end OF third
quarter, ii is expected that the Steel
Corporation will report another deficlt
and thereby strengthen prospects that
1882 will go down as the worst year
in the company's history. Steel. in the
red since the last quarter Of 1881, re-
ported an operating loss OF 81, 1885, ,6O7
for the March quarter and $3,362, 1856
for the June quarter of this year. After
charges for depreciation and interest
these deficits were raised to sl3,2l8.549
and s20,452,173, respectively.
Whether another substantial quar-
terly deficit will mean eRtverse action
on the preferred dividend, in view of
the corporations announcement last
July that further payments must de-
pend on improvement in business, Is
currently a subject of wide conjecture.
No dividend ever has been omitted on
Steel preferred since the corporations
formation in 1901. In all these years
the stock has paid 81 annually.
1t is likely that the corporations
figures will be helped some by the fact
that the latest wage cut was in effect
for the full period, but the benefit de-
rived from this was doubtless rather
small in relation to the continued slump
in the steel business.
Other Earnings.
General Electric Co. Is one of the few
large industrial units which has re-
manned out Of the red through the de-
preston and because of this achieve
ment Wall Street is hopeful that the
third quarter statement will show some
balance for the common stock. In the
March quarter the company earned l6
cents share and in the June quarter
II cents a share.
Earnings of the General Motors Co.
fell from II cents a share in the first
quarter to Z cents a share in the June
quarter, and while Wall Street has no
positive opinions as what the third
quarter report will show. it has been
suggested that the slight improvement
in automobile sales in August and the
effect of retrenchment previously ef-
fected might enable the company to
show somewhat better figures than in
the second quarter.
Evening star., 1932-09-24
JUNIOR RAIL BONDS HIT
BY LOAN POSTPONEMENT
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, September 24.-The
postponement of approval of the loan of
$1,000, 900 to the Baltimore e. Ohio by
the Reconstruction Finance Corporation
does not mean that the application will
not ultimately be granted. The delay,
however, will make it more difficult for
the company and its bankers to put
through quickly and successfully so
large piece of refunding. Again. the
effect of the pcstponement by the r. F..
c. is to unsettle the market for Junior
railroad bonds. which had been stimu-
lated by the earlier approval of the In
terstate Commerce Commission on this
same loan.
Evening star., 1932-09-24
New York Cotton

Special Dispatch to The Star
NEW YORK, September PA de-
Cidedly steady cotton market developed
today and prices recovered nearly 81 a
bale, ending II to IA points higher than
yesterday.
Whereas last Saturday prices broke
badly on weight Of liquidation and
hedge selling, buying power was suffi-
cient the last hour today to carry De-
cember within 3 points of 7l2 cents.
Spots were advanced 10 points to 7.45.
Cotton range:
Evening star., 1932-09-24
Chain Store Sales.

NEW YORK. September "a (SpeciaD 8.
The trade publication of the chain
stores states today that August sales OF
81 leading chain stores reached the
lowest point of the year. The decrease
reflects greater industrial unemploy-
ment which was factor too power
full and depressing to overcome the
average rise in retail prices. Prospects
for September are more encouraging, as
more activity in various industries has
brought about more employment and
more purchasing power. The publica-
ton points out that an acute shortage
of seasonal apparel has caused scram-
bic for deliveries regardless of prices.
Evening star., 1932-09-24
New Bond Financing.

NEW YORK, September "a (P).-New
State and municipal bond financing
scheduled for offering next week totals
$17,502,413, says the Daily Bond Buyer.
This is about double volume for the Fast
week, but slightly under the yearly
average to date.
Evening star., 1932-09-24
RETURN
TO GOLD BASE SEEN
Bankers Urge Permanent
Rate of Exchange for
Pound Sterling.
Special Dispatch to The Star.

Srec1al Dispatch to The Star.
NEW YORK, September 24.-The
fact that today is the first anniversary
of the suspension by Great Britain of
the gold standard possibly accounts for
some of the discussion that has arisen
lately Of the possibility of an early
return by England to a gold basis at
an adjusted rate of exchange from the
old level.
When England abandoned the gold
standard it was believed that inside of
a year she would gain control of the
situation that compelled her to take
this step. The year has now expired.
She has successfully put through her
bond-conversion scheme and has bal
anced her budget. In other ways her
situation has become clearer and more
fixed than it has been in several years
Consequently, there is a strong urge
from some business and banking quar-
tiers for establishing a permanent rate
OF exchange for sterling and one on
which the trade Of the country may
proceed.
Evening star., 1932-09-24
CHICAGO STOCK MARKET

CHICAGO, September "a (P.-Fo,-
lowing Is the complete official list of
transactions in stocks on the Chicago
Stock Exchange today:
Evening star., 1932-09-24

Dividend rates in dollars based on last
quarterly or semi-annual payment sEx
olv1dend tPartly extra :Plus a. in stock
a Die IN cash or stock Payable in
STOCK Adjustment dividend. Plus So
IN stock. gPlus 60 in stock Plus IL
IN stock Plus 20 in STOCK. Plus l0T,
IN st1ck. m Plus 80 IN stock Plus 81 in
stock. Paid last year-no regular rate.
Evening star., 1932-09-24

Eighty-six flying clubs own approx
mately II per cent of all civil airplanes
on Frances register at the half-yea
mark of 1892.
Evening star., 1932-09-24
Gold Holdings Increased.


There have been evidences recently
were being made by the Bank of Eng
land. Gold has been purchased in in
creasing amounts until the gold supply
of the institution is between SOS 900, =
900 and $70,000000 more than it was
last May. The latest report of the
Bank of England indicates holdings of
coin and bullion of f140.o0O. 900 COM
pared with fl36, 100000 year ago. and
reserve of about 80 per cent. The
present bank rate is 2 per cent, or
lower than in France, and comparing
with the New York Federal Reserve
Bank rate of 21a per cent. Money on
call Of late in London has been quoted
under one-half of l per cent against
the official rate here of per cent and
outside rates of IL per cent
For weeks sterling exchange was
"pegged" around 348la. More recently
there has been a decline to about 3.4714
This is the longest period during which
sterling has been held at any one fig
ure below $50. For this reason 1t is
the belief in international banking
circles that when stabilization of the
pound occurs it will be at $50, or
drop of about % per cent from the
old level.
There are differences of opinion as
to when the new rate. if it is determined
upon, will go into effect. The general
feeling is that nothing will be done
Immediately. Possibly the Bank Of
England governors may decide to es-
tablish the rate as of December l. or
they may postpone action until the
outcome Of the fiscal years business
is more certain than at present.
Banking Opinion Divided.
Not all international bankers are In
agreement with the suggestion that
Great Britain revalue sterling at $50,
or that any scheme of fixing a perma-
nent rate should be entered into now.
The senior member of one banking
house said that he found a distinct feel
ing of bearishness on sterling among
number of British bankers and insur-
ance company managers. They felt
that it was more likely to decline than
There has been much surmise over the
purpose of Governor Montagu Norman
of the Bank Of England IN coming to
this country in August. part of the
rrlmors that have developed concern
ing the stabilization of exchange were
predicted on conferences which Mr..
Norman Is said to have had with
American bankers. It may be said
authoritatively that Mr.. Norman did
not come to the United States to dis
cuss international finances and that
the subject was not covered In his con-
versations with those he met here.
An early return of Great Britain to
a fixed basis Of exchange would un-
doubtedly be an important event in in
ternational finance. For this reason
the hope is expressed that progress is
being made and that an official an
nouncement will soon be given.
(Copyrt0ht, is32.l
Evening star., 1932-09-24

Copyright. 1882. Standard Statistics co.,
Evening star., 1932-09-24
N. Y. CURB MARKET
BY to he
Stock and "a

Dividend Rate Add 90. HiEh. Low. Close.
Ainsworth tk5oc).. l 81 5% 5%
Ala Great Southern 25s 10 10 19
AIumfnum NJ m or Ah0s 7hM ~ 75M
Imperial Valley press., 1932-07-12
HOOVER AGAINST
PLAN TO EXPAND
NATIONS MONEY

WASHINGTON, July 12-U.R)-
The senate project authorizing an
expansion of nearly 100000 900 in
the nations currency appeared
certain today to be rejected by
President Hoover, if not by the
house.
The currency provision was
adopted by the senate, SO to 18, as
an amendment to the home loan
bank bill on which final action was
expected before night.
Mr.. Hoover's close advisors said
he surely would veto the home loan
measure if the currency expansion
plan were retained. Many believed
the house would eliminate it be-
fore the bill goes to the President.
The currency amendment would
permit national banks to issue an
additional $995, 100000 of circulating
notes if they desired. The notes
would be secured by government
bonds which the banks would place
with the treasury. Backers of the
plan contended an increase in the
amount of money in circulation
would tend to increase commodity
prices, particularly the prices
which farmers receive for their
crops. Democrats and progressive
Republicans voted for 1T almost
Solidly.
Imperial Valley press., 1932-07-12
Roosevelt Enjoys
Trip With Boys

ENROUTE WITH FRANKLIN d.
ROOSEVELT, NEW HAVEN, Conn.,,
July IL. U.P)-Franklin D. Roose-
welt arose early today and cheer
fully set sail northward on the sec
ond leg of his projected seven-day
ocean cruise in the 40-foot yawl,
Myth II.
The Democratic candidate for the
presidency, who was at the helm OF
the board on it's 23-mile journey
here from Port jefferson, L. l.,
again was at his post when the an
chor was hoisted.
IT feel fine and ready for an
other day." he declared.
The New York governor and his
crew-three of his sons, James,
Franklin, Jr., John, and George
Briggs, a friend from Boston, had
breakfast early.
Before retiring last night, the
governor conferred at length in the
dimly lighted yawl cabin with JOS
eph P. Kennedy, New York banker,
and secretary of New York State
Edward j. Flynn,
Imperial Valley press., 1932-07-12
SOLDIERS
FIRE ON
STRIKERS
One Killed In Battle Be-
tween Militia And Coal
Miners.
TERRORISM REIGNS
Dynamiting And Incen-
diarism Reported From
Ohio Area.

ATHENS, O., July IL. U.p) - A
night of rioting. incendiarism and
dynamiting near Chauncey, was
climaxed today by an open battle
between striking miners and ma
tional guardsmen in which Ray
Freeman, 18, was killed.
Freeman's death was the second
fatality in 48 hours. Steven Bowen,
40, of Buchtel, died in hospital
from effects Of a bullet wound.
A bridge on the Kanawha and
Michigan railroad near Fishers
station was fired shortly after mid
night.
The New York Central railroad
bridge over the Yocking river at
Chauncey was wrecked by dynamite.
The battle in Chauncey, terror
lied residents who were awakened
by the sharp cracking of rifle fire.
Singly and in pairs, armed men
strobe out of the hills surrounding
Chauncey, to gather in small groups
on the street corners. The Bowen
shooting had aroused high feeling.
Pistols, rifles and shotguns were
carried in plain sight. t,tts.
Then about midnight there WIZ
a general concerted movement In
the direction of the national
guardsmen's camp. Someone fired.
A few struggling shots answered.
Soon a battle was in progress.
Guardsmen fired into the darkness
at the little sharp lights made by
rifle fire. -& ~
After the battle Freeman was
found lying In a cemetery, fatally
wounded. Five miners carried him
to nearby house, but he died en-
route. f~
Four men were arrested by
Sheriff Wayne Wingett and nation
al guardsmen, charged with melting
a riot.
Clarence Grant of Goose Run
was held in Athens county Jail In
connection with the death Of
Bowen. Charges were to be filed
today.
Disorders have attended efforts
of operators to reopen mines in de-
fiance of the strike.
Imperial Valley press., 1932-07-12
WATSON ASSERTS
READINESS FOR
VOTE ON LIQUOR

WASHINGTON, July IL. W.P)-
Senator Majority Leader Watson
announced in the senate today he
would vote at any time in favor
of resolution resubmitting to the
states the fate of the 18th amend
ment. .-..s.
Watson's announcement came in
the midst of an angry prohibition
debate in which Minority Leader
Robinson intimated he believed
Watson was secretly aiding Sena-
tor Bingham (Rep) Connecticut, In
an effort to embarrass Democrats
on the. prohibition question.
Watson's announcement came af-
ter Bingham had sent to the senate
desk esolution fod repeal of the
18th amendment.
Bingham also introduced a res
olution directing the United States
public health service to inquire
among physicians and chemists to
determine the concensus as to
what alcoholic content would make
a beverage actually intoxicating.
Senator Ashurst (Dem.) Arizona,
accused Bingham of left handed
cunning" in seeking to force vote
on beer. Debate stopped when SEN
ator Sheppard (Dem.) Texas, CO.
author of the 18th amendment, OBJ
jected to further consideration Of
prohibition.
Previously Minority Leader Rob-
inson demanded that the senator
return to consideration of the reg
ular order of business-the home
loan bank bill. He said Watson
was conniving with Bingham in an
attempt TO embarrass the Demo-
Gratis, whose platform commits them
to repeal.
Watson denied any such motive
Imperial Valley press., 1932-07-12
Mystery Wells
Death OF Girl

HOLLYWOOD, July IL. U.P)-
Pretty Peggy Warner, 81, died mys-
teriously in Hollywood Receiving
hospital today shortly after she was
found in a state of coma in her
apartment by a friend.
An investigation was launched,
and cursory examination repxted-
ly disclosed the girl, thought to be
a motion picture studio employee
probably had died from poison or
acute alcoholism.
Miss Warner, Titian-haired, was
found in her apartment by Mrs.
jeanette Downen, clad only in neg
ligee. DR.. Benjamin Blank, county
Jail physician, and a friend of Mrs
Downen, called an ambulance tc
take the girl to the receiving hos.
pital after he had found her condi.
ton serious.
Imperial Valley press., 1932-07-12
FAMOUS CIRCUS
OWNER SUFFERS
LOSS OF LIMBS

NEW YORK, July IL. W.P) =
John Ringing, last OF the seven
brothers who for quarter OF d
century have dominated the circus
business of North America, is criti-
cally i'll at a private hospital and
both legs have been amputated, II
was learned today.
Confirmation of his illness was
obtained at his home here. Ihe
hospital is near Seagate, N. j.
He is said to be suffering from
a form of blood poisoning.
Ringing is about &c years old
He was born near Baraboo, WIS,
where his harness maker father,
August Rungeling--the correct fam
ilv name-settled after emigratlng
from Hanover, Germany.
When John Ringing and his six
brothers. WILL Otto, ALT, Charley,
Guv and Henry were youngsters,
a minor showboat tied up at the
dock in McGregor Island, Missls-
sippi river town where the family
lived.
The advent OF this little show
determined the career of the Ring
ling brothers. They began playing
circus seriously from the start. From
pins for admission they progressed
to pennies and then to larger and
more profitable coins. s4.
Alf became professional juggler,
while Henry and Gus played the
town halls and schoolhouses Of Wis
consin and. Minnesota as the classic
concert company. Later the BROTH
ers combined as Yankee Ropln-
sons Great Show, Ringing Broth
ers Carnival of Novelties and Den
ars Museum of Living Wonders.
Yankee Robinson and Denar were
happy non de plumes.
Imperial Valley press., 1932-07-12
BY RAY BLACK
United Press Staff Correspondent

OAK PARK, ILL.,, July IL. = A
suburban physician today pitted
rare serum taken from the blood
of pretty Patricia Mcguire, 27, who
has been in coma lat days, against
the creeping death that threatens
her.
Like the sleeping princess in the
fairy tale, the slender, dark-haired
girl has been virtually a living
corpse" since last February Is. A
conference of physicians decided
months ago that she could not live
But the spark of life burned on
and that fact has made it possible
for DR.. Eugene Traut to isolate for
the first time from living human
being the streptococci that causes
American sleeping sickness"
ut is the most amazing case l
have ever seen or heard Of" DR..
Traut said today. Because of
Miss Maguire's strange vitality,
have been able to isolate the germs
and develop a serum. 1 have ad
ministered the serum and I hope
it will not only cure her but will
prove a valuable addition to the
store of medical science"
For nearly six months the at
tractive private secretary has lain
almost inert in the Oak Park home
of her mother, Mrs. Sadie Miley.
At times her eyes have flickered
but neither her mother nor her
Imperial Valley press., 1932-07-12
GARNER BECOMES
MAIN TARGET OF
6. O. P. ATTACK
Three BrOadsides In One
Day Directed At Speak
er OF House.
By RAYMOND CLAPPER
United Press Staff Correspondent

United Press Staff Correspondent
Copyright, 1892, BY United Press)
WASHINGTON, July 12.-Repub-
licans are aiming their opening
campaign shots at Speaker Garner
instead of at the head of the Dem
ocratic ticket.
They have cut loose at the Dem
ocratic presidential candidate
three times within the last "a hours.
Governor Roosevelt, meanwhile, was
allowed to slip away in comparative
peace on a sailing cruise with his
sons.
Republicans are seeking to. turn
loss into gain by trying to capital
ize upon the record the Democratic
house now completing its first
session. The nomination of Gar
ner as Democratic presidential
candidate was an invitation to the
Republicans to try it--an unwit-
ting invitation because Garner was
accepted by the Roosevelt forces in
order to get the Texas and Califor-
mia votes necessary to break the
deadlock which was holding up the
presidential nomination.
That is how the short, jolly
scrapping speaker happens to be
singled out by Secretary of Treas
ury Ogden Mills in the opening
speech of the administration politi-
cal campaign at Boston. A few
hours earlier President Hoover dis
patched an aggressive veto message
to the house which pinned critical
labels all over the Garner relief
bill. Another administration SpokeS-
man, nder-secretary of Treasury
Ballantine, testifying before the
house rules committee against the
proposal for an investigation of the
treasury, referred to the new role"
of Speaker Garner.
Seek Party Scare
Before Roosevelt was nominated,
Alfred E. Smiths managers declared
he was the weakest of all candidates
before the convention. Republicans,
while pleased to encourage that
impression, regard Garner as the
easier target. Through him they
have the whole Democratic house
to aim at. It was a definite legis-
lative record-a bad one, the Re-
publicans say. They cite the very
words of the Democratic house
leader who said his fellow Demo-
Gratis were acting "like a bunch of
Bolsheviks." They quote the Ia
ment of Representative Crisp, of
Georgia, acting chairman of the
house ways and means committee,
who as his sales tax bill was torn to
shreds declared on the house floor,
he could not see his party "destry-
ing" itself without protesting.
Garner is being built up by the
Republicans as part of campaign
to scare" the country away from
the Democrats. Democratic house
policies are being described as
threatening ruin and disaster.
Imperial Valley press., 1932-07-12
Mx& Ro7~~.
@ 1874. MeNsusht sybdIesss. La
CALIFORNIA VETS
READY TO CAMP
AT WASHINGTON

WASHINGTON, July IL. (U.H -
Carrying bedding rolls, tin cups
and camping paraphernalia, more
than 1000 bonus-seeking veterans
from California and Oregon
paraded today to the capitol with
the announced determination of
camping on its grounds until con-
gress adjourns.
Police made the men leave their
bedding rolls at lower gate but
allowed them to proceed up the
hill and gather about the capital
steps.
Capt. Stephen j. Gnash of the
capitol police had announced that
the ex-soldiers would be permitted
to parade but not to camp on the
grounds. He sent several policemen
through the crowd of veterans 10
search for possible concealed
weapons.
Royal w. Robertson, leader of
the camping minded brigade, said
that, blankets or no blankets, his
men would remain on the capitol
steps until adjournment, barring
the remote event of immediate
cash payment of the bonus.
Leaders of the Oregon and Cali
fornia contingents indicated their
men were independent of the re-
mainder of the bonus expeditionary
force.
THAT bunch hasn't done a thing
but loaf around here and eat
charity BEANS" said Robertson
1--WE. don't want beans. We mean
business and we'll get the bonus
or co.
The fiery leader. of the campers,
who wears a steel head brace with
a chin hammock to sustain a
broken vertebrae suffered by an
accidental fall when he was serv-
ing in the navy, was not worried
about the question of food.
We'll eat grass if necessary"
he said.
He announced his men did not
desire to cause trouble, but added
that congress has got to see u.s."