davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1932-05-20
Banking Firm
Seeking Hearing,
Continued From Page y

with bull operations than with
bear deols. and today it was an
nounced that Harry Warner, mo-
ton picture magnate, had been
subpoenaed to testify about pub
licity relating to transactions which
resulted in S10,O00,O0O profit in
Warner Brothers stock.
William A. Gray, committee
counsel. asked Sachs to detail the
operations of Goldman Sachs Trad
ing Corporation, an investment
trust formed by the brokerage
house. The witness testified it was
a S1O0,OO0,000 corporation into
which he and his brokerage part
ners put s10,000,000. In 1929 the
stock was selling for 104 but it
subsequently was split 8 for l and
is now quoted at "a.
There was a very great loss
Sachs said.
Gray sought to bring out the
between Goldman Sachs
and the Postum company, now
General Foods company.
Gray brought out that when Pos
tum purchased the General Foods
Corporation, Goldman Sachs put up
s12,750,0OO of the S23,500,000 pur-
chase price included refrigerating
process, described by Sachs as wal
liable"
The counsel showed Goldman
Sachs had written the sl2, 2,750,000
investment down to a book value
of one dollar in 1881. Sachs said
the write down was in the inter
est of conservatism
Imperial Valley press., 1932-05-20
Exercise And
Coke At Once

Combining a cooling with a bit of
light physical exercise, is the off
ering of Councilman H. w. FaWcett,
local distributor of Coca Cola.
A new variety of vending machine
is being placed in various stores
about the city, one being at Edgar
Brothers Ford station at Fourth
and Main streets.
The purchaser inserts a nickel in
a slot, pulls over a lever and gets
the cooling drink in the form of
an ice cold bottle of coke" and
the exercise in throwing over the
lever.
Imperial Valley press., 1932-05-20

ferred sold 300 shares at 20is,
down 9s.
Southern Pacific declined q to
9 on sales of 200 shares.
Chrysler Motors declined is on
sales of 200 shares at 65s.
Western Pipe and Steel lost 7H
points when 200 shares sold at
9, the first sale in months.
Los Angeles Investment was un-
changed at AZ on sales of 200
shares.
Imperial Valley press., 1932-05-20
GILLETT IN MEET

Merle Gillett, Central Union
sprint star, left today for Modesto
where he will participate in the
finals of the California interschol-
astic meet. He qualified by plac-
ing fourth in the semi-finals for
the 100 yard dash at Los Angeles
last week.
Imperial Valley press., 1932-05-20

McNIuIlen ran to the street and
fired five times at the speeding
automobile. He later told officers
it is his opinion at least two of the
bullets lodged in the car.
Imperial Valley press., 1932-05-20
Daily Report Of
Stock Markets

NEW YORK, May 20. U.Py-Wall
street was treated to the spectacu-
lar efforts Of the federal reserve
to pump its excess credit into in
dustry, but late in the day liquida-
ton again developed and prices
closed irregular
The opening was firm following
the announcement OF George L.
Harrison, governor of the New York
Federal Reserve bank, of appoint
ment of a committee of bankers
and businessmen to coordinate
activities of business and banking
activities. 1t was pointed out that
recent purchases of government Sc
curities by the federal bank had
resulted in excess reserves of around
$500 100000, an amount which could
be swelled to $4,000, 100000 in credit.
The foregoing development more
than offset an otherwise unfavor-
able weekly federal reserve report,
showing a sharp decline in amount
Of government securities purchases,
rise in circulation and a drop in
gold holdings.
Bonds were firm along with
stocks in the early trading, and
substantial recoveries were made
by railroad issues and United States
government loans, both Of which
recently were under pressure.
Another important factor was a
sharp gain in wheat prices.
Reflecting strength in grains,
j. I. Case advanced more than 2
points at one time and good sup
FORT was accorded the mail order
shares.
LOS ANGELES, May 20. U.P-
Trading on the Los Angeles stock
exchange was inactive today dur
/ ing an irregular market.
Pacific Mutual was the most ac-
tive. selling $50 shares at 28h
down u.
Southern California Edison de-
clined 4 to 21h on sales Of 300
shares; Edison 6 per cent pre-
Imperial Valley press., 1932-05-20
National Lcn1le

At Boston e. 4 T.
Philadelphia 600 600 600 3
Boston =-010 l60 20X-l0 y 0
Collins. Grabowski, Dudley and
Y. Davis. todd: Belts ard Hareravc.
At Brooklyn r. Il. F.
New York 202 0O0 go i I
Brooklyn 2 2l0 0lO GOO 81 /
Iiubbell and Hogan, OFarreu:
Vance, Thurston and Lopez.
At Cincinnati Z. Il. Z.
Chicago 0Gl 600 600 OF : 0
Cincinnati 600 coo O01 O2-3 5
Warneke and Hartnett. Frey,
johnson and lombard.
Imperial Valley press., 1932-05-20
Items Of News
About Town

Mr.. and Mrs. Kendall B. Perkins
have returned from a three days
trip TO Los Angeles.
Mr.. and Mrs. Nelson Sorlei OF
Los Angeles are in the valley look
ing after their business interests
here.
Imperial Valley press., 1932-05-20
Baseball Scores
American League

At New York r. Il. E.
Washington 002 600 001- 3 9 /
New York M l04 0Ol O0x- s 0
Weaver, Burke and Berg; Gomez
and Dickey
At Philadelphia r. II. z.
Boston .... 600 600 0l0- / 5 !
Philadelphia 0i0 200 TX Il ,
Durham, Moore. Kline and Ttate.
Connolly; Walberg. Grove and
Cochrane.
Seward daily gateway., 1932-03-01
BLAME THE NORTHERN LIGHTS

radio have lifted their voices and basphen albeit to at the windppe of the cuterng works have their
 remained P. laskas radio and KFQD Anchorage tity of the offender
 lo the Northern Lights
 if there thrsing for the matter is sim piclty itself. Turn off the Northern Lights
 gumshoeing the ether interview holding dissertations with conducting with other the
 
 Nobody would sritch" It of keep clean
 always willing tell all she Taking the tip J P began ang" the North every time the believed be the headlight Egyptians his pitch and began bayhoog beauties of his leagues Pole to pay with radio reception.
 yet J P the Voce of the Golden Nort discovered method musclng the terrestrial fireworks but
 Ic the antine find method placing the Porea the spot something the sno telling bedtimf story will follow.
Seward daily gateway., 1932-03-01
SERIOUS FIRE THIS
 MORNING AvERTED

A flooded oil-burner furnace in the basement of the Seward Grill building, emitting great volumes ot smoke, called the Volunteer Fire Department out this morning at 8 o'clock. There was little fire dam age but the black smoke Seeped thru the building, causing consider able damage.
 Had the gas in the heavy smoke ignited, there is no question but what a serious fire and probable loss of lives would have occurred it is said, for the black smoke per- meated practically every room in the building, as well as ad- joining business houses and rooms
 Mrs. May Prater is declared by many as being a heroine, not be- cause of her being the first to de- tect smoke issuing but because of her rousing up Buelah and Melvin Jr., daughter and son of Melvin F. Holben, asleep on the second floor Their faces, as well as others in the building, were blackened by the smoke fumes.
 As usual, the fire department re- sponded promptly to the alarm and had lines laid on both Fourth Ave nue and in the alley, at the rear of the building, for the entire length of the block. Chemicals were used in preference to water owing to the nature of the blaze. The fire, it. self, was confined to the furnace area.
Seward daily gateway., 1932-03-01
WHY THE SQUAWK?

James Harbod chairman of the board Radio Corporation America, slncty eptomizes government sions fon3
 bueucras sovereignty of government police otherwise centralized the authority And to this authority they wish add ssoners members of boards prohibition employees and other beneficiaries of activities
 Against them those believe Constitution adopted t fathers with all it's preserved and federal and governments uonl sphere They resent the multitude agencies such as boards and commissions.
 Since Soners Weekly takes another Gateway icising bureau the question naturally adhere and what job is he looking seceioni?
 The Japanese troops planning Shanghai It stated whether this 
 According to the dispatches the Japanese captured Chinese tery At least they found they could
 Of draw their conclusion think J showed good judgment by centerng their activities Baptist hospital
 It said the Japanese general Kchi heartily believes dis armament disarmament of the Chinese
Seward daily gateway., 1932-03-01
EAST TEXAS O|L WELLS
 SHOW NICE INCREASE

AUSTIN, Tex, Mar. IT. Three hundred and 76 oil wells were brot in in the East Texas oil field dur ing January, according to the re- port of the oil and gas division of the railway commission.
 Producers for the entire state to- tailed 487.
 Gregg county led with 206 pro- ducers, Rusk county had 133, Smith county had g and Upshur county 14. Rusk county reported II dry holes and Smith and Upshur two each.
Seward daily gateway., 1932-03-01
JAPAN, CHINA DELEGATES
 ACCEPT LEAGUE PROPOSAL

GENEVA, Mar. 1. P)-Represen- tatives of Japan and China accept ed the League of Nations proposal for an armistice conference of principal powers to restore peace.
 The United States, Great Britain and other neutral powers are also to Join.
 Sir John Simmon, British foreign secretary, said he had been author ized to pledge cooperation with the United States.
Seward daily gateway., 1932-03-01

It said the Japanese general KIchi heartily bell disarmament of the Chinese
Seward daily gateway., 1932-03-01
FISH CLOG RIVER

CUXHAVEN, Germany, Mar. 1. P)-Fishermen returning from the annual herring harvest in the North Sea report the Elbe estuary clogged at times by huge schools of the fish. The boats were loaded to the gunwales and herring sold for a cent apiece.
Seward daily gateway., 1932-03-01

Capt. Axel Olsen, of the Ruth c, departed Sunday for Seattle. There, he will purchase new machinery for packing clans. Last summer he prospected for clans beds, find- ing two which he can alternate in working in case of storms.
Seward daily gateway., 1932-03-01

Wilbur Irving, of Cordova, has purchased a plane in Los Angeles and secured pilots license, says the Cordova Times. He expects to come up to Cordova in the spring
Seward daily gateway., 1932-03-01
FROM NOME

T certainly thank you for The Gateway. I enjoy The Gateway and I am looking forward to seeing 1t often"
Seward daily gateway., 1932-03-01

The seineing vessel Port Tongass, valued at $8,O00, was recently de- stroyed by fire in Southeastern AL aska, reports the Ketchikan Chron- icle.
Seward daily gateway., 1932-03-01
AN EARLY START

ST, PETERSBURG, Fla, Mar. | -"Babe" Ruth cracked out his first homerun Of the year yesterday In practice game.
Seward daily gateway., 1932-03-01

Complete line of U. S. Geodetic Survey charts. tide tables and date books for 1892. Alaska Shop.
Seward daily gateway., 1932-03-01

Our trouble is the scarcity o1 gold and the cheapness of silver Thomas w. Lamont.
Seward daily gateway., 1932-03-01

Kodaks and Kodak Supplies-de- printing, enlarging and picture framing. Alaska Shop.
Evening star., 1932-07-12
L0NG-PULL PURCHASING
is BELIEVED UNDER WAY

BY the Associated Press.
NEW YORK, July 12-In usually
well informed quarters belief is growing
that important accumulation, preSum-
ably fer the long pull, is beginning 10
manifest itself in some of the old-line
industrial favorites. Important interests
long active on the bear side of the mar
ket, but who have adhered to side line
position since the Senate investigation OF
the stock market got under way, are re-
puted to have been active in picking up
stocks quietly over the last week or so.
The speculative world having been
educated in recent years to keep a close
eye on the averages, naturally the ac-
ton of most such compilations has been
disappointing of late. But this is be-
cause such bird's-eye pictures are drawn
or the action of stocks which have been
slow in completing their deflation mar
ketwiSe. The fact remains, however,
that the general market has been show
ing good resistance and relative freedom
from pressure of forced sales. The be-
havior Of the main body of stocks in
face of persistent selling in stocks like
American Telephone, Coca Cola and
Union Pacific is having bolstering ef-
feet on sentiment.
Evening star., 1932-07-12
Washington Produce

Butter-One- pound prints, 90 score
81 90 score, 20; standards, 10. Tub, SO
score, 20; 90 score, 10; standards, 18.
Eggs - Hennery, 15al6; current re-
ceipts, 13a14; Western, fresh, 14al5.
Poultry, alive-Turkey hens. II; toms,
10; crooked breasts. 10; Spring broil.
ers, Plymouth Rocks, 2l2 pounds ana
over, 19a2l; 212 pounds and under. 16a
18; Rhode Island Reds. 15a17: mixed
colors, Halls: Leghorns. 14a16; hens
colored, 13a15; Leghorns, II; ROSTERS, 8
Poultry, dressed-Turkeys, hens. Is;
toms, l3; crooked breasts. 13; Spring
broilers. Plymouth Rocks. 212 pounds
and over, 22a24; 212 pounds and under
l9a2l; Rhode Island Reds, l8a20; mixed
colors, l7al9; LeghornS l7a19; Leg
horns. IS; roosters. II; Long Island
MeatS-Beef, l5a15l2, veal, II; lamb
10; pork loins, 90 fresh hams, IA;
smoked mans, 16; strip bacon. 16; lard
7; compound 6i2.
Live stock - Hogs, light, 5.25a5 IS
medium. 5.25a5.65; heavy, 4.75a5 80;
pigs. 45Oa5.5O; roughs, 2.5Oa3 so;
calves, 300a5 so; lambs, 400a6 so.
Fruits ts-Watermelons, 25a5O; canta-
loupes. California, crates, 275a3O0;
Georgia, bushels. 1.25al SO: honeydews
$50; honeyballs, 3OOa3.75; oranges
375a45O; lemons. 450a6.00; lines. per
100, l75a20O grapefruit, 500; black
berries. 300a400; raspberries, black
325a4O0; red 800; peaches, 1.50a3 so;
bananas. 75al50; plums, 125; cher
ries, 225; alligator pears, 200; apples
box stock, 1.75a2.00; transparents
buShel, 50al co.
Vegetables - Potatoes. new. barrel
2oOa2 25 old. pound sacks, 100;
sweets. bushel. rs 100; tomatoes,
homegrown, bushel, 150a2 90; celery
ITS; string beans, 75al 90; limas. l.50a
$50; peas, California, go; peppers
1.75a20O; asparagus. 1OOal,5O okra
2-peck baskets. 100; corn, 1.25a1 so;
lettuce, Iceberg, 35oa375: New York
dozen. rs; beets. per 100 punches, 200;
onions. 50-pound sacks, l00al,25 cab
bage 50a75; spinach, l.00al25; kale
50a75.
Evening star., 1932-07-12
Business Notes
BY the Associated Press.

By the Associated Press.
NEW YORK, July IA" Industry
generally is close to an absolute bottom
level, rejecting the greater than aver
age inertia in reopening plants follow
ing the Independence day holiday"
says Standard Statistics Co. From a
negative standpoint this factor in itself
Is having its favorable repercussions
That is, it has placed general activity
on such low base that the more nor
NAL seasonal influences usually at work
IN individual situations are now aSSum-
ing greater weight than the general
blanketing effect of the depression,
which had previously overshadowed in
dividual price movements. Such de-
velopmentS as the recent sharp advance
in livestock and food prices are typical
of this stage of the cycle"
Some branches of Summer apparel,
particularly sport clothing moved
rather well in the New York wholesale
market last week.
Reports reaching here say that retail
trade in Canada is fair" The tourist
season, now opening, is expected to
stimulate sales.
Directors of the American Petroleum
Institute will meet July 81 at Colorado
Springs.
Evening star., 1932-07-12
BUSINESS REPORTS
MORE COMPREHENSIVE
Stockholders Are Given Details of
Corporation Affairs and Told Of
Management Plans.
BY the Associated Press.

NEW YORK, July 12.-Dark as this
depression has been, it has. somewhat
paradoXically. turned a lot of light into
some of the hitherto secret receSSeS of
corporation management.
1t seems a fair assumption that the
stock and bond holders of American
railroads can thank the troubled eco
nomic events of the last three years for
the privilege which they are now af-
forded of checking up and comparing
the salaries Of their principal eXecu-
tiveS. There has always been lot Of
interest and speculation in Wall Street
as to how large were the salaries of
leading railroad presidents, and now
this information, Glce considered too
sacred to be spread upon the public
record, has with one simple motion by
the Interstate Commerce Commission
been given a complete airing.
1t is just possible. so Wall Street be-
lieveS. that the Commerce Commission
in making public property the salary
rolls of railroad executives has without
intention set a precedent for similar
confessions on the part OF industrial
companies. which may in the future
rebound to the benefit of everybody eX-
cept the executive.
Some startling stories have been told
IN wall Street IN the past lew years
about the salaries and bonuses voted
by boards of directors to executive off,
GERS of certain companies not under
the rigid regulations of the railroads.
1t is related, however that some stock
holders of companies expressed salts
faction in boom times upon hearing
rumorS of swollen compensations,
reasoning that huge salaries were evi-
dence of the value of the executives
services.
Evening star., 1932-07-12
ECONOMIC HISTORY
MADE AT LAUSANNE
Turning Point Is Seen in
Agreement on Reparations
Question.
BY DIR. MAX WINKLER.

Special Dispatch to The Star.
NEW YORK, July 12.-The historic
conference at Lausanne marks the
turning point in the economic history
of nations.
Those who do not share this view
no doubt will point to the steady
ShriEkage in United States Steel un-
filled orders which show a decline for
the seventeenth consecutive month,
with the total on the books of the cor
poration at a new low record. They
VIII point TO the steady decline in cor
porate Earnings, especially the rail-
roads; ~ the large number of unem-
ployed, the huge governmental deficit.
the passing of dividends and the
marked reduction in the income Of
nations and individuals.
But the conference at Lausanne
could not perform miracles over night.
Its significance. however, is bound to
be felt sooner or later. 1t is being felt
already in the pronounced rise in
European securities, with German issues
especially strong.
Some four weeks ago attention was
directed in this column to the anoma-
lies characteriZing the market in Ger
man bonds. 1t was pointed out that
practically identical issues were quoted
in Germany substantially above New
York levels
The advance in dollar bonds on New
York Stock Exchange has been most
impressive within the past month with
gains nrUrting, in some cases, to as
much as 200 per cent.
Pending temporary setbacks due 70
profit taking, the improvement is likely
to continue. However. promiscuouS
purchase of German issues should be
avoided.
Copyright. 1892. py North American News
paper Alliance. IncJ
Evening star., 1932-07-12
STOCK LIST MOVES
IN NARROW RANGE
Market Says Slightly, but
Lower Level Fails to
Induce Selling.
BY GEORGE T. HUGHES.

Special Dispatch to The Star.
NEW YORK, July 12-Holding in a
narrow trading range, the stock market
f1uctuated idly back and forth most of
the time today slightly below the pre-
ceding close, but never weak and never
giving encouragement to operations on
either SIDE. It had the appearance of
a market completely liquidated, but
lacking incentive to initiate forward
movement.
Most of the news at the opening was
against the market. The uncompromis-
ing attitude of Congress, as revealed in
the interviews given by individual men,
bers with regard to international debts,
took off whatever enthusiasm remained
for the result reached at Lausanne.
statesmen may represent the views of
the American public, there can be no
disputing that the security markets feel
that leaving open this question consti-
tutes one great obstacle to recovery.
The Federal Reserve member bank
statement was disappointing. 1t showed
a drop in all other" loans, mostly COM
mercial. from a week ago, and even
larger declines in loans on securities and
in total investments. The Government
crop report was construed bearishly by
the grain trade and that was another
adverse influence On the stock market.
Under the circumstances the market
gave a good account of itself. The open
ing was slightly higher, but almost i'm
mediately thereafter realizing brought
quotations down rather uniformly under
the preceding close. Auburn Auto,
which had led the rally yesterday
touched a new high on the movement
but then reacted for loss on the day.
Standard industrials acted similarly, al
though the oils made a better showing
than the rest of the list.
The reaction. which was very moder
ate, brought no increase in volume
Trading simply dragged along awaiting
some new stimulus. Among individual
stocks making good resistance were
United States Steel common, Consoli-
dated Gas, National Biscuit, the last
named up over a point at one time;
Woolworth, which Is expected to de-
clare the regular rate at the next divl-
dend meeting, and one or two Of the
loW-priced rails, notably Northern
Pacific There was a large turnover
also in loW-priced oils
Evening star., 1932-07-12
Markets at a Glance

NEW YORK, July II CP).-Stocks
easy; realizing halts upward trend,
issues strong. Curb irregular; changes
narrow. Foreign exchanges steady;
sterling easy. Cotton lower; favorable
weather July liquidation. Sugar lower;
increased spot offerings. Coffee high
er; unsettled political developments
Brazil
CHICAGO. July IL. .<R.-Wheat
easy; bearish United States and Cana
dian Government reports, weakness
Liverpool. Corn steady; bullish Gov
ernment crop report, steady Southwest
market. Cattle steady to higher. Hogs
slow and lower.
Evening star., 1932-07-12
DEMAND FOR BUSINESS
BOOKS is ON INCREASE
BY the Associated Press.

BY the Associated Press.
There is a growing demand in the
United States for books on business
and financial subjects.
So States the American Library ASSo-
citation, which said a newly awakened
interest in industrial and social prob
lens would seem to account for the
unprecedented demand by library users
for material on economic planning, un-
employment insurance, gold standard,
business cycles and suggested methods
of recovering prosperity.
1t is evident. the association says,
that the greater use of books in the
last two years has been largely by
adult readers. and that it is directly
related to conditions arising from the
present economic situation. Enforced
leisure, it adds, and the desire to fit
oneself for other positions or new voca-
tions has sent many men and women
to libraries for books on business, trade
and technical subjects.
Evening star., 1932-07-12
FRAUDULENT SALES
LAWS ON INCREASE
Cities Are Taking Steps to Sup
press Dishonest Practices by
1tinerant Merchants.
By the Associated Press.

BY the Associated Press.
Stringent municipal regulations d.
rected at itinerant merchants and 9TH
erS who conduct so-called 'closing-out
sales" are increasing
The latest instance brought to the
Commerce Departments attention was
MiSsissippfs putting into effect regula-
tions TO prevent fraudulent Sales" of
all kinds and to make it difficult for
1tlnerant merchants TO dispose of q
bankruptcy stock or similar merchan-
disc.
The act provides authority for mu-
inequalities to regulate the sale of mer-
chandlse by requiring a petition for
conducting a bankruptcy, insolvent,
liquidation, assignee's receivers. ad-
Juster's, wholesale, manufacturers or
closing-out sale, or sale of damaged
goods.
A tax for such sales is authorized, as
are penalties for violations.