davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-07-14
CURB LEADERS Off
IN FINAL TRADING
Forenoon Gains Lost by
Some Issues as Com
modities Decline.
BY JOHN A. CRONE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, July 14-The decline
in principal commodities, such as cot
ton and grain, late today caused some
Of the leaders among Curb Exchange
stocks TO erase all of their forenoon
gains and finish the day with net losses.
Electric Bond e. Share closed down
near point from the high and of
almost y point net for the day. Cities
were both off fractionally. Lackawan-
ma securities reached new high for
the year late in the session.
Great Atlantic e. Pacific Tea COM
mon belatedly opened up points.
Gains OF a point and more we're regis
tered by Electric Bond g. Share per
cent preferred, Singer Manufacturing,
A. o. Smith Corporation PENNSYLVANIA
Water & Power. Massachusetts, Utili-
ties Associates convertible preferred,
and United Gas preferred but these
moves came before the reaction in the
final hour. Empire District Electric
s per cent preferred broke 97s to a new
low of H.
Reports of increased industrial oper-
ationS in various sections, which means
higher electricity consumption, and a
reduced floating supply Of stocks were
responsible for the upturns In utilities.
Predictions made by the trade that nom
ferrous metals had scraped bottom and
shown unmistakable upswings directed
attention to mining shares
American Gas & Electric was an early
leader in the power and light list, with
a gain Of more than IL points. Metro
politan Edison preferred jumped 7i2.
Tampa Electric rose a point as did
Consolidated Gas of Baltimore
Western Massachusetts, companies
gained 3 points. Rochester Gas &
Electric s per cent preferred. series D.
with a drop of almost 40 poin S, was
an outstanding exception to the gen,
eral upward trend. This Gale of only
so shares followed the sending out OF
a letter to shareholders by Associated
Gas g. Electric Co, whose class A
shares were down only a small fraction.
In the metal list, Hudson Bay Mining
firmed as Newmont Mining moved for
ward 2ls points Following these
moves New Jersey Zinc opened up
fraction. Aluminium. Ltd, common
rose more than a point and Aluminium
Co. of America common braced.
Evening star., 1932-07-14

Dividend rates in dollars based on last
dividend tPartly extra :PlIx Sc in stock
Payaole N cash or stock b Payable in
$Cock Adjustment dividend. Plus 81
~ ~ S.ock- sPlus 81 in. stock Plus II
IN STOCK. FluS 20 in stock Y Plus l0,o
IN stock m Plus 3ec in stock II 'lus 81 in
STOCK Paid last year-no regui rate
Evening star., 1932-07-14
INCREASE IN BUILDING
ACTIVITIES FORECAST
BY the Associated Press.

CHICAGO, July 1.-THE Indiana
Limestone Co. says. in a comprehensive
report, that small towns which did not
overbuild in the boom years were be-
ginning to show new construction ac-
tivity.
A E. Dickinson, president of the
company, said these signs of scattered
revival, even though on modest scale,
helped to lift confidence in the building
industry in general. He predicted a
larger volume of building for the last
half of the year than recorded during
the first half
Evening star., 1932-07-14
POTATO MARKET.

CHICAGO, July IA LP).-United
States Department of Agriculture -
Potatoes. receipts, PIG cars; on track,
405 cars; total United States shipments,
300 cars; about steady, supplies heavy,
trading good Cobblers, Missouri, 75a
IS; few higher; heated, 20; Kansas, 10
ass; heated, IS.
Evening star., 1932-07-14
BALTIMORE STOCKS.
Last Sales.
COTTON CONSUMPTION.
BY the Associated Press

BY the Associated Press.
Cotton consumed during June was
reported today by the Census Bureau to
have totaled 320,7S3 bales of lint and
46, $50 of linters. compared with 332 .43s
and 50,178 in May this year and 1885,
e74 and 61,7so In June last year.
Evening star., 1932-07-14
MONEY MARKET.

NEW YORK. July IA (P,.-The money
market continued dull today with rates
unchanged Call money on the stock
exchange ruled at 2 per cent with out
side funds available at per cent. Time
money was nominal at IL, per cent for
ALI dates
Evening star., 1932-07-14
CHICAGO DAIRY MARKET.

CHICAGO. July IA -Butter-Re-
ceipts, 10,083 tubs; firm; creamery spe-
cials (93 score), 1918: extras t92
score). 18; extra firsts t90-9l score)
17-l71z; f1rsts, $3.50 score. 1916: sec
onds 86-s7 score), 1914: standards go
score. centralized carlots), 18.
Eggs-Receipts. l2.4l0 cases; Arm;
extra firsts. 14L -l4a.; fresh graded
firsts, 1312-14k current receipts, 13.
Evening star., 1932-07-14
GOLD STOCKS INCREASE.

NEW YORK. July IA P).-Gold
stocks Of the United States were in
creased S3.603 900 yesterday by a de-
crease of that amount in metal held
under foreign earmark at the New York
Federal Reserve Bank. There we're no
imports or exports.
Evening star., 1932-07-14
Grain Market
BY the Associated Press.

by the Associated Press
CHICAGO, July 14-Stop loss a L.
ing and general liquidation whA h
developed in the late dealings toda
carried wheat down to bottom prNc.
levels heretofore unreached this season .
Warnings sent to President Hoover
and congressional leaders at Washing
ton that a breakdown of commodity
machinery was threatened by lack of
investment and speculative support
during the heavy crop movement of
wheat attracted Widespread attention.
The warnings said a grave situation
hao resulted from the utterly pro-
hloitive tax Of cents on each SloO
value Of future commodity transactions
400 per cent Increase
Wheat closed shaky. Iss-2 under yes
terdays finish: corn. s4-I1s down: oats
i2-l of, and provisions at 2 cents to
10 cents decline.
Evening star., 1932-07-14
FOREIGN EXCHANGE.
(Quotatlons furnished by W. B. Hibbs 4 Co
Nominal gold Selling checks
Washington Stock Exchange
SALES.

Washington Gas $500 at 10Oas
Potomac Electric 5l2eo pfd.-1 at 102 p d.
Evening star., 1932-07-14
CHICAGO STOCK MARKET

BY the Associated Press
CHICAGO, July 14.-Following is the
complete ofncial list Of transactions IN
stocks on the Chicago stock Exchange
todav.
Evening star., 1932-07-14
New York Cotton
Special Dispatch TO The Star

Special Dispatch TO The Star
NEW YORK, July IA After an
early advance of points. cotton prices
declined sharply today and closed with
a loss of 20 to % points.
The sharp run-up Of yesterday had
eliminated the short interest and less
buying power was disclosed Weak
ness in the wheat and stock markets
brought selling pressure here and in
New Orleans Spots were reduced 90
points to $40.
Cotton range:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-06-07
Watson and Oil

This year Senator James E. Watson will have no
opposition for the nomination for senator. The
abolition OF The primary insured that It would have
taken more than a progressive in mind to attempt
the task OF putting principle into the Republican
scnatorshp.
In his former campaigns, Watson has always been
opposed when the people had a chance and each
nomination was obtained only after bitter contest
The repeal of the primary law as to senator and
Governor places the nomination in the hands OF
professional politicians The repeal was inspired by
Watson It took away from the voters any chance
TO express themselves presidential nominees, on
the governorshp. the senatorshp.
So Watson will have easy sailing at time when
vigorous and conscientious candidate such as Claris
Adams proved to be in 1926, might have enabled Re-
pvbcan voters to record their protest against paying
half billion dollars to the oil interests of the COIN
try through the latest work of Watson.
For it Watson and Senator Smoot of Utah
who put the big grab in the latest tax bill when
they placed embargoes on the importation of coal
Gil copper and lumber under the guise of tariff.
The big oil companies have an overproduction
Some of them have purchased oil low at 10 cents,
barrel
In the meantime. other oil companies were i'm
porting oil from Mexico and Venezuela. They could
restrict production at home in order to force up
price But it did them no good as long as oil came
from the south.
The selling price Of the oil now in storage was
lifted almost automatically by this embargo to the
extent of an estimated half billion of dollars That
added value must come from the gasoline tanks of
those who are still driving their automobiles.
While factions Of farmers, of overburdened tax
payers, of those who trying TO balance the party
fondness for the utilities with their private protest
against high rates, are debating the governorship
some thought might be given in the Republican con-
vention 10 the matter Of Watson.
Failure to renominate would shut of expected
campaign contributions But the oil record OF Wat
son may arise in November to plague them.
It is almost unbelievable that voice will be
raised in protest against a unanimous denomination
Of Watson The record has been kept straight in
the past The who believed in Beveridge might
at least make gesture.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-06-07
Do We Need a Dictatorship?

That was a remarkable address owen D. Young
made at Notre Dame Sunday. Though delivered to
the youth Of graduating class, it could be studied
with profit by the mature Of the country especially
by our industrial and political leaders. Whether
not YOU agree with the views he expressed you will
find them stimulating.
We were Interested particularly in his discussion
OF three popular attitudes, which in this depression
rapidly are gaining sufficient currency to become
dogmas First, that labor's standard Of living had
become too high to be maintained. Second, that
specialization is another Of our troubles
Third. that the President should have dctatorial
powers in such times Of criss-though Mr. Young,
OF course. did not use the word dictator"
We find ourselves in agreement with Mr. Young's
defense of high living standards, and in disagree
ment with his belief that there has been too much
specialization and with his intimaton that our form
of government with its system OF checks and bal
ances is inadequate in times Of stress.
on the first point he gave this timely warning:
people will tell you now that living standards
we're too high and that we could not hope to main
tain them hope you will say that the living
standards we're not too high-indeed, they were not
high enough-and that you intend to see to 1t IN
your time that the masses of the people OF this
country not only reach but maintain. higher stand
ard Of living for themselves than had at the height
of the last period OF our prosperity.
The trouble was we could not stand prosperity
Not satisfied with the daily earnings of labor
NE undertook to gain more by speculation. We no
longer sought high living standards from honest labor
but extravaganza from dishonest gains"
He listed over-specialization as another DIM
Guilty" We fail TO understand however IN what way
our increasingly complicated civilization can be or
gained and operated efficiently except by highly
specialized techncians industrial engineers social
manners and experts in local and national govern
ment.
on the third point. Mr.. Young began by express
Ing his historical understanding and appreciation OF
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-06-07
The Social Gospel

Evidence is abundant that the church in America
is stirring itself in behalf of mems bodies as well as
their souls
At Atlantic City the Methodsts' general conference
voted for altering the Versailles treaty to relieve Ger
many Of sole responsibility. and for drastic arma
ment reduction and debt revision. 1t urged that
aliens be not barred for pacifism that military train
ing in civilian schools be abolished that orientals be
admitted under quota.
1t declared the present industrial order is I'M
Christian. unethical and anti-socia,' recommended
planned industrial economy. shorter hours unemploy
ment insurance, old age pensions, and public works
instead of ornaments
At Denver the Presbyterian general assembly
blocked fundamentals drive to withdraw support
from the liberal Federal Council of Churches because
the council guardedly had approved birth control.
At Manhattan the United Lutheran Synod of New
York roundy condemned the scrapping of midde-aged
workers demanded serious study of unemployment in
surance, old age pensions, child labor minimum wages
and national planning.
Reports indicate a big increase in church attend
While this probably is due in part to a spiritual
ferment stirred by suffering and by reaction from
eriasm it also must be due to the awakening social
conscience of church leaders.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-06-07
Investigations Paw

Senate Investigations pay. Hostile propagandists
Tor several years have been trying to persuade the
public that these Investigations not only un-
necessary interference with business and with
sinned- aganst-than-sinning citizens but that they
also are a great waste of government money in a
time calling for economy.
A check on treasury department collections
suting directly from the senate Nye committee dis
closures by-product of the original oil scandals
inquiry-shows that these investigations have been
profitable financially we'll morally
First, there was an estimated government saving
OF e-fourths Of billion dollars in recapture
of oil resources in the Teapot Dome inquiry
Now the treasury has collected $S,669,7S4 from
Henry NJ Blackmer self-exiled oil magnate, for evad
ed income taxes 100000 from Blackmer for contempt
of court $685. 97 from Blackmer and the three other
principals Of the Elusive Continental Trading Com
pany for corporation income taxes and sI39sslO
from an unnamed individual not connected with
Continental whose income discovered in the
course Of the investigation.
In addition the government is about to collect
approximately sl250O00 Of personal income taxes
from Harry Sinclair, Robert W. Stewart and the
James ONeil estate.
The cost to the taxpayers for this Continental
investigation by the Nye committee was only s25OOO
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-06-07
Just Every Day Sense
BY MRS. wALTEB FERGUSON

rTENRY L. MENCKEN Is a grand debunker but
L i he does not rate high prophet For in
stance in a recent press interview he says.
IT suspect that the United States soon will have
another war on its hands and that IL will be tough
one The show will be excellent and hope to enjoy
it in a refined and patriotic manner
Mr. Mencken forgot one thing, however He for
got to tell where to get the money for this
martial spree.
Probability is that the only reason Of the
nations are not wading in blood right now lack OF
cash But what a powerful reason that is! Anyway,
it's interesting speculate upon the whereabouts OF
our high moral purposes when the lean years come.
Japan behaved a few months ago almost exactly
in the same manner that brought Germany into the
limelight in 1914 But did all rise in righteous
wrath and together to give her well-deserved
licking?
We rose all right but finding our money bags
empty, We sat right down again.
T%EW wars are entered into with gusto when pow
L erty is prevalent. Most of the high jingoism Is
INDUCED when rulers prosperous and the taxpay-
are thriving.
The nations today present rather ludicrous
spectacle They have built up enough tariff barriers
and made enough fool economic mistakes to bring on
a general free-for- all. But they haven't enough cash
TO pay the generals.
It's disheartenng. however to that good
many Of us still are looking TO the battlefelds for
prosperity Apparently the human animal is so stupid
he never will learn. Although the last war bank
rupted the world, still hang to our decisions about
its getting somewhere
Mr. Mencken. who is fond of viewing the antics
OF his fellows may expect to enjoy the next war in
a refined and patriotic manner and then again he
may be disappointed.
For out in the hck belt we are on to this kind of
refinement and patriotism. and it's not going to be SO
asy TO get million westerners to spring to to
defend the rights Of stock-tcker. boys.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-06-07
Just What Relief?

Tomorrow the Republican state convention viii
meet to write It's platform Of principles
Two weeks hence the Democrats Will 60 through
the same gesture
On July T. the legislature Of Indiana, composed
Of Republicans and Democrats will meet for the pur-
pose Of giving tax relief
platform that will appeal to the voters in
November might serve as a guide to the members
Of the legislature when they gather for the very
necessary work OF trying to keep the farmer out OF
serfdom and tie worker out OF peonage.
The promise made TO the people in November may
be accomplished in July if the party conventions have
the courage and the wisdom to take definite stand
as TO how taxes are to be distributed and raised.
There is no disagreement on the fact that changes
must be made. The farmer can not pay. The small
home owner is losing his home
If reductions are to be made in the cost Of govern
men and reductions forced by the fact that it is
nov impossible TO raise enough money to pay present
costs the platform should state in definite and I'M
mistakabe terms how the saving is to be accom-
plished
There should be a very definite stand on the mat
ter Of money spent by the highway department
Parties should not be afraid to declare themselves
on the wisdom Of spending more than twenty mil
lions year for concrete roads at a time when the
trustees find no money to feed the hungry
There should be definite statement for or against
an income tax OF raising revenue
1t is well within the realm Of possibility that the
two political conventions, now competing for public
favor. may make the work of the legislature merely
q ratification meeting.
That could happen If the leaders in both parties
face the facts state boldly the things that must
be done to maintain an orderly government.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-06-07

to be sure to add orange juice to
provide the necessary vitamin G.
When a child develops diarrhea.
certain procedures are indicated.
First, give little or no food for at
least twenty-four hours. Never give
cathartics or laxatives unless under
direction of a physician.
Cathartics or laXatives will drive
out the fluids from the body and
irritate the walls of the bowel. If
the child has lost much fluid by
the diarrhea. additional fluid must
be supplied either By causing it to
drink large amounts. or, if neces-
sary, by injections into the bowel or
under the skin.
During periods Of diarrhea the
foods given should be low in fat
and in carbohydrates. 1t is, Of
course. of the greatest Importance
to know whether there is an in
fectious basis. The question can
be answered only by competent
physician.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-06-07
-D DAILY HEALTH SERVICE --
Infection Chief Source of Diarrhea

The following procedures have
been suggested by Drs. Holt and
Rowland as being most important
in preventing diarrhea in infants
in summer:
l. Encouragement of maternal
nursing and the adoption OF mea-
sures to make this possible. par
ticularly during the summer months.
2. Education of mothers in all
matters relating to the care and
hygiene Of infants.
3. Adequate supervision of the
milk supply. the general use Of pas
teurizing or sterilizing milk, and
furnishing good milk TO those too
poor to pay for it.
4. Instruction Of mothers in re-
gard to the care of milk in the
home and in all matters Of artificial
feeding.
5. Constant supervision of artifi-
cially fed infants either in the milk
station or by visits TO the home.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-06-07
TT SEEMS TO ME BY H BROTS

He can not get along without
lunches.
Moreover, no branch of human
fervor ought to be alien to his in
terest. The perfect physician would
be the wisest man in the world.
And, of course, he must be in re-
bellion. In fact, he can rebel long
before he becomes perfect. More
than anybody else, the doctor knows,
or should know, that no effective
fight against disease ever can be
won until the social and economic
structure of the world is made over.
There is no point in saying. REST
in bed fresh air, sunlight. milk and
eggs" until these things are within
the grasp of all and any.
Least of all is there reason for
the wise physician to say, Don't
worry" until a day has come when
that piece Of advice becomes a pos
sibility instead of a mocking taunt
Copyright. 1892. by The Times
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-06-07
Hits Innocent ByStander

II VEN the clearest and most con-
Il sentative statement of danger
signs is likely to hit two dozen neu-
rotics for every actual sufferer TO
whom it conveys useful information.
OF course, there are palpable in
dications of grave ailments which
should send the individual to con-
suit his doctor. But heavy price
must be paid in false worry and
mistaken agony if we are to set out
to make any civilized community
disease conscious.
To the scientific mind. these
nightmare trihulations may seem a
matter of small moment, but all who
are bona fide members of the great
fraternity Of neurotics know that
the malady you haven't got can give
you twice as much torture as an
actual and legitimate lesion.
And so, quite contrary to most
health education, my advice to I'M
certain patients about TO consult a
doctor would be, Don't" Or to put
it a little more precisely BE sure
you're wrong; then go ahead"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-06-07
Nav Decide Election
THERE is more interest in what

THERE is more interest in what
Il the Democratic and Repub-
ncan parties will say about prohi-
bition than in any other single item
on our political calendar. Not only
do the prospects of about every
candidate depend on it, but the
election may be determined by it.
President Hoover would have lit
tie chance Of a second term if he
persisted in the role of uncompro-
missing dry. That is why Repub-
lican leaders are bringing such
pressure to bear on him and why ne
so frequently is reported as willing
to accept a reasonably liberal plank
AS for the Democrats, they might
as well not hold a convention as to
come out for prohibition, or pro-
hibition candidate.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-06-07
Change in Capital


TTAYNES also points out that a
II radical change in theories Of
Capitalization took place in the
chemical industry as stock was &C
quired generally by the public.
Formerly it was the common
practice to issue common stock
against the property owned by the
corporation" he continues.
Under the old regime, preferred
stocks often were sold in anticipa-
ton of future profits to be earned
from expansions financed out Of the
capital so raised.
Modern practice is the reverse.
Preferred securities commonly rep
resent the tangible assets, while the
common stock covers the increased
earning power. the good will, and
the patent rights.
Each basis of capitalization has
its peculiar advantages and is sub
iect to its own form Of abuse.
Under the older scheme, water
was pumped into a corporation by
IIEdLlDR SuIll AllDcAAhibADo 90 bDNN
will and patent rights as physical
property and by overvaluing motor
ious i'll repute, and today it is not
unusual to find these items credited
on the balance sheet at the nominal
sum of one dollar.
capitalization of earning ca
pacity. on the other hand, lends it
self to great and less easily de-
tected overcapitalization.
In the first place. it conceals the
true state Of the business. and, so
long as profits are earned, makes
the statements appear deceptively
favorable.
Furthermore (and this is car
tainly the reason for much recent
overcapitalization), the basis OF
earnings is marketable at a higher
rate. and fluctuations in the secur-
ity values are greater, thus afford
ing a better opportunity for specu-
lation."