davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-06-11
CURB SHARESF|R
AT SHORT SESSION
Market Shows Resistance to
Selling, With Leaders
Slightly Higher.
BY JOHN A. CRONE.

NEW YORK, June 11.-Opening
higher, the Curb Exchange today main
tanned some Of its initial gains and
showed . disposition to slacken its
trading pace whenever lowered bids
were threatened.
Electric Bond 81 Share eased from its
best levels, while Cities Service was vir-
tually unchanged around 234. Stand
ard OIL OF Indiana 1734 was up "a and
so was Standard Oil Of Kentucky at 10.
Gulf OIL rose nearly point to rs.
American Gas d. Electric was the
outstanding mover In the public utility
list In the first hour, moving from 1872
to 1898 before reacting. Other power
and light issues showed wider fluctua-
tions, but not similar volume. Console
dated Gas OF Baltimore opened up ia
points at 453s. American Superpower
preferred gained a point.
Responding to the betterment in raw
sugar, Fajardo firmed. Great Atlantic
81 Pacific Tea common and preferred
moved IN diverse directions. Swift g.
Co. hardened.
Unfavorable dividend actions includ-
ed the omission Of Formica Insulation,
Taggart Co. preferred, st. Regis per
cent preferred and Grief Bros. Cooper
age Glass A common, and the difer-
ment Of the class A dividend of
Housaille- Corporation. Reg
ular dividends were declared by Kauf-
man Department Stores and Gray
Telephone Pay Station.
Metropolitan Edison preferred held
flrm around 40 as a result of its 1891
earning report. Allowing gross of ST.
o07,587 against 3l7,056, 500 in 1890.
A feature was the Offering down Of
100 shares Of Crosse & Blackwell pre-
ferred ex-warrants, which began at 10
and finally hit 5. The last sale Of this
stock took place ut the end Of March
at 14A.
American Founders per cent pre-
ferred, series B. also witnessed q re-
duction in the offering price on a series
of bids and offers Aside from slight
hurries in Atlas Utilities, Blue Ridge
preferred and Selected Industries, the
investment trust and trading corpora
ton group Jagged.
A block Of 10000 Commonwealth 4,
Southern warrants at was the larg-
est single transaction during the ses-
sion. Lots OF 900 shares or more were
the exception. In the insurance clas-
siflcation the best advance was regis
tered by Insurance Co. of North Amer
lea, which At one period was up l y
points. Aluminium Co. Of America
common. led the laggard metals. New
mont Mining was the only copper TO
show any signs Of life.
Evening star., 1932-06-11
RESERVE BANK CREDIT
ITEM SHOWS INCREASE
Gain Of $50, ,000, 900 Revealed in
Weekly Report-Discounted
Bill Holdings Drop.
BY the Associated Press.

By the Associated Press.
The daily average volume OF Federal
Reserve Bank credit outstanding dur
ing the week ending June was re-
ported by the Federal Reserve banks
as $2.167, 900 900.
This was an increase Of $4,000. 900
compared with the preceding week and
OF s233.000, 900 compared with the cor
responding week in 1891.
On June 8 total Reserve Bank credit
amounted to $2.l9s 900 900. an increase
OF SIC, 5000 900 for the week This In
crease corresponded with decreases OF
1927 .000,000 in monetary gold stock and
$2l ,000,0 in Treasury currency. ad-
justed Offset in part by decreases Of $l5,-
000. 900 in money in circulation. $l3.-
600. 900 in member bank reserve bal
ances. and $45 100000 in unexpended
capital funds, non-member deposits,
etc
Holdings Of discounted bills de-
creased S.. .0oo, 900 at the Federal Re-
serve Bank Of New York. and increased
$4,000. 900 1t Cleveland. $4,000 900 each
At Atlanta and Chicago and $1,000, 900
at all Federal Reserve banks
The systems holdings Of bills bought
in open market increased 81 ,000, 900.
while holdings Of United States bonds
increased $34, 600, 900. of Treasury GER
tificates and bills $33000,000. and Of
Treasury notes 100000.
Evening star., 1932-06-11
NEW ELECTRIC TAX
TO START JUNE. q.
Utility Companies Make Plans
to Collect 3 Per Cent Levy
Z From Consumers.
BY GEORGE Z. DOY1NG.

Although the new per cent tax on
electricity will be effective on all
energy used by domestic and COM
merclal consumers on and after June
Il, 1t Will not be necessary for the
utilities to make special readings Of all
meters ON that date, 1t was informally
learned from the Bureau of Internal
Revenue.
A literal application Of the section
OF the revenue act relating to the elec-
trlc TAX on consumers would require
reading OF each meter at the close Of
business on June 20, In order to aScer-
IAN the exact amount of energy con-
Sumed thereafter, on which the tax
snould be levied. This Is obviously an
cities. 49, '
For the purpose of reducing the
burden incident upon the almost simul-
taneous reading of meters and the
rendering Of all bills at the same time
each month. the utilities in the larger
communities have adopted the stag
gered' system Of reading and billing.
through this method q smaller num-
Der OF meter readers is engaged in
continuous reading instead of a large
number doing the job in q few days,
while bills are rendered to consumers
In three groups at intervals OF 10 days.
Because Of the numerous complica- =
lions involved in attempting to apply
the new law literally, the Bureau Of
Internal Revenue will permit the util-
tiles which are charged with the COL
lection OF the tax and the making Of
monthly reports, to apply the proper
proportion to the first collections for
electricity used after June 20. For ex-
ample, II Q meter was read on May 81
and Is read again on June 80, and the
consumption calls for a bill of So, the
3 per cent tax will be applied to g.,
upon the theory that one-third OF the
electricity was used during the last 10
days Of the month.
No further check or Investigation will
be made by the Federal collector, 1t Is
understood, except in cases where the
subsequent monthly report indicates q
material discrepancy In the first state
ment.
The 20.2s5 500 domestic consumers.
whose bills average $3.50 q month, will
pay an average Of approximately sla
cents each per month on account of
the new tax. The 3 per cent levy will
apply also to commercial consumers and
the total revenue estimated to be de-
rived by the Federal Government Is
$50 ,000, 600 . year. The tax Is to be In
force only until July l, 1894.
tCopyrisht, 1882
Evening star., 1932-06-11
BUTTER AND EGGS
At BARGAIN LEVELS
Market Men Say Lack OF
Buying Power Keeps
Prices Down.
BY F. A. RESCH.
Written for the Associated Pres

Written IOr the hsSOSldteu
CHICAGO. June l.-Strateneo
budgets are getting break when the
housewife buys butter and eggs at cur
rent price levels.
Traders say that only general lack
OF buying power keeps the prlce OF eggs
down. They point to figures which snow
the shortest storage supply in Is years
and say that II things were normal
eggs would be selling 10 to 20 cents
dozen above present prices.
Estimates Of holdings as OF June !
place the storage supply at 5,2Oo'oOo
cases. the smallest total since 1917, and
2 4OO, 900 cases less than were IN storage
June l, 1881. This total Is 4,OOO,0o0
cases short Of the supply on hand June
/. 1880, when the highest total ever
recorded was noted The movement into
storage has been decreasing daily since
June l, compared with the 1881 move
ment.
This shortage in the storage supply
is attributed largely to tremendous
losses experienced by handlers IN the
last two years and which causes them
to move with caution this year. Around
the Chicago Mercantile Exchange, home
of butter and egg trading, 1t is freely
estimated that traders lost as much as
IS OO0, 900 in 1880 and almost as much
last year These losses were incurred
by buying too enthusiastically in the
Spring and being forced to sell at big
losses later in the year.
Egg production has recently been at
extremely low levels, due apparently to
a sharp reduction in both the number
and size Of hocks. However, the in
visible supply" handled by truck farm
ers and peddlers is believed to be larger
than ever.
There Is much new buying in evidence
on the Mercantile Exchange, but each
new advance is greeted with consider
able selling which generally erases
much of the upward progress. Most
traders are optimistic and profess to
look for bull movement with any i'm
provement IN the industrial situation.
Butter, although In less favorable
position than eggs, Is selling at bargain
prices. The movement Of butter into
storage this month has been slower
than year ago. there being some
100000 pounds less on hand now
than in June, 1881. Traders say this
shortage can be easily made up If
production approaches par. Prices cur
rent now are the lowest in the history
of the Mercantile Exchange with no
general improvement expected until the
heavy production season ends In late
July.
Evening star., 1932-06-11
BOND PRICES GAIN
IN LARGER MARKET
Junior Rails Well Bought,
German Issues Feature
Foreign Department.
BY r. H. RICHARDSON.

Special Dispa atch to The Star.
NEW YORK, June ll.-Bonds re-
fiected in q moderate advance today the
expansion In speculative operations in
stocks.
There were numerous fractional gains
through the list, with number Of is
sues in which the improvement amount
ed to over point. The trading in the
domestic list was chiefly In the junior
rails. In the foreign department Ger
man descriptions were distinctly better,
and the government long g-term discount
bonds made good gains
New York Central AIS rose IA to
IL points. Southern Pacific 4i2s OF
1868 were up points and the 4l2s of
1891 fraction. Great Northern rs
went back to yesterdays high price and
Missouri Pacific IS rose point. This
group acted better than the leading
railroad first-mortgage loans, which
were either unchanged or fractionally
lower.
In the industrial list there was q
point rise In National Dairy Products
5l4s, with q similar loss in American
Smelling q Refining frst mortgage IS.
The active public utility bonds were ir-
regular. with some improvement in
American Telephone g. Telegraph de-
bentures As we'll as in Brooklyn Man.
haitian Transit IS and International
Telephone AVS.
Announcement by the state of Sac
Paulo that 1t would be unable to meet
complete service on its foreign debt
had been generally anticipated and dis
counted in the low prices that have been
prevailing for the affected issues. The
per cent loan of 1910, which does not
come under the decree just published,
was quoted fractionally higher TODAY,
The feature Of the foreign list was
the strength in all German issues The
government loans were up IA to l1a
points, Prussians q point and Rhine
Westphalia Electric IS up over a point
The feeling Is gaining ground that some
constructive measures will be taken at
Lausanne and that the pessimism that
has prevailed concerning the German
situation is not warranted by the char
acter Of the negotiations taking place
preliminary to the conference The
better outlook for Austria in connection
with a projected loan by the leading
governments Of Europe Is another con-
structive influence.
The effects of the oversubscription to
the latest Treasury certificates and
notes was shown in the market for all
Government issues, led by the Treas
ury IS, which rose point. Other is
sues were up to n They lost some
Of their early gains before the market
closed.
Evening star., 1932-06-11
CHICAGO STOCK MARKET

CHICAGO. June IL CR.-Followine
Is the complete ofdcial list Of trans
actions in stocks on the Chicago Stock
EXCHANGE today.
Evening star., 1932-06-11
Cut in Interest Rates.

NEW YORK, June II R.-Enective
on next Monday the rate of interest
paid by banks here on deposits Of for
eign central banks and governments
will be reduced from per cent to "
Of per cent, according to . ruling
by the Informal Committee Of Bankers.
which governs interest rates on for
eign deposits.
At the same time interest on all
foreign time deposits will be lowered
form III per cent to / per cent. As q
result Of the reduction, which Is the
second cut in foreign deposit rates
in three weeks. foreign central banks
and governments will lose for the flrst
time their preferential standing Is d.
positors as against other foreign d.
posts.
Evening star., 1932-06-11
PRICE Of LEATHER
GOODS IN DECLINE
Consumers Showing In.
creased Interest as Mar.
ket Values Shrink.
BY BRADLEY w. TRENT.

Special Dispatch TO The Star.
NEW YORK, June 11-With the
hide markets active this week and
prices at their lowest levels in years,
consumers of leather are showing
greater interest in both hides and
leather during this between-seasons
period.
The low level Of hide and leather
prices explains the numerous leather
novelties. such as ties and suspenders,
offered by street hawkers in this city
1t also explains the numerous special
sales of mems and women's shoes.
But neither importers nor tanners
are willing to predict that hides will
remain around their present low prices
for long period For simultaneously
with the low hide prices are low meat
quotations, both Of which discourage
the raising of cattle And cattle are
not raised as quickly as some world
commodity crops.
Part of the forcing down of hide.
leather and shoe prices is directly
traceable to banking liquidation of
both securities and commodities. This
is indicated to some extent in the
changing source Of American hide i'm
ports.
Total imports Of cattle hides during
the first four months amounted to
$4,000. as against $4,000 In the same
1881 period, an increase Of 36.5 per
cent. After adjusting imports for ex-
ports of both domestic and foreign
hides, the net foreign trade in hides
during the first four months showed
imports Of 405. 900 hides, against net
imports Of 10000 in the same period
of 1891.
Two main sources of American hide
importations are Canada and Ar
gentina. The latter country during
the first four months of 1881 supplied
6l,6 per cent of our total imports, but
only 50.7 per cent In the same period
this year. Canada in the first four
months Of 1881 supplied 112 per cent
and in the same period of 1882 sent
20.l per cent.
Raw hides In certified warehouses in
this country on May ~ last totaled
103,875. of which S3,079 were in Chi
cago and 20,796 in New York. On
April 80 raw hides in warehouses to-
tailed 1875.
Copyright. 1922
A high degree Of intelligence is COM
patible with an absence of general
Evening star., 1932-06-11
CONSTRUCTION AWARDS.

NEW YORK. June II (P.-Heavy en-
eineering construction contracts award
ed during the week ended June 6 to-
tailed $4,000 900, the largest weekly to-
tai reported this year, according to the
Engineering News Record. The business
was swelled by Federal Government
awards of s21 100000. Heavy construc-
tion contracts from the flrst OF the year
to date total s513,0oo, 900, as compared
with 1929, 100000 reported for the
same period last year
Evening star., 1932-06-11
N. Y. CURB MARKET
Received BY Private Wire Direct to Once.
Stock and

Stock and oalo-
Dtvidsnd Rata. Add. -. Hish Lov. olsss
Aluminium Of Amer %00s 26h, 2lh 25h
Evening star., 1932-06-11
Maryland Bank Reopens.

BALTIMORE, June II (SpeciaD.-
The Farmers Bank of Somerset County,
Md. which closed its doors last october
8, yesterday reopened for business.
The reopening was made possible
through a special depositors' agree
ment, whereby . guarantee fund was
set up.
Evening star., 1932-06-11
Exchange Officials Reelected.

BALTIMORE, June II Especially -
The members Of the Baltimore Stock
Exchange at their annual meeting this
week reelected all directors whose
terms had expired and the board at
its organization meeting reelected all
officials for the ensuing year. Harry
Fahnestock, Of D. Fahnestock d Co.,
Is president Of the exchange.
Evening star., 1932-06-11
Steel Scrap Prices. .

NEW YORK, June II R.-Iron and
steel scrap is being offered at lower
prices IN the youngstown district, ac-
corolng to reports in the steel trade,
Prices are reported nominal and easy,
with heavy melting steel at $8.75 to
$9:2o ton, new low and Oh so cents
a ton from q week ago,
Evening star., 1932-06-11

A high degree Of intelligence is COM
patible with an absence of general
knowledge.
Evening star., 1932-06-11

Oivloend rates IN dollars based on last
quarterly or seml-annual payment sFr
olvioeno fPsrtly extra. :PIus ~ in stock,
Payaois in cssn or stock. playable in
stock. Adjustment dividend. fPlus 81
N IN s.oek- s.oeE 2 Pius 81 in stock. h Plus Il
~ STOCK Plus - in stock n Plus s% In
stock Paio last year-no regular rate
Twin-City herald. [volume] (Minneapolis, Minn.) 1927-1940, 1932-10-15
Crowds Inspect
New St Paul
Funeral Home
MANAGERS RECEIVE coNoRA-
TULATloNS.

Approximately 500 persons inspect.
ed the Neal Funeral Home in st. Paul
Sunday past when the doors of the
new mortuary were thrown open for
public inspection of the entire estab-
lishment conveniently located at 525
Rondo st.
Most of those who thronged through
the home expressed satisfaction with
the furnishings, equipment and gen.
eral service features offered for in
speetion. In attendance were w.
Squire Neal, manager and Mrs. Flor
ence E. McGavock, the assistant
manager. Both were kept quite busy
acknowledging congratulations given
in person and by wire.
ST. Paups most modern and up-to-
date funeral home is open for public
inspection daily according to the man
agement. a
Twin-City herald. [volume] (Minneapolis, Minn.) 1927-1940, 1932-10-15
Mostly Ull1<l1owns

In the November elections MnnesOans heretofore limited
to voting for Congressman will have the opportunity of
voting for nine The fact that the three major parties in
Minnesota each have nine canddaesand that total of ~
will be submitted leaves each voter with fair sized
task
Unfortunately many Negro voters not acquainted
with candidates who reside outside the three principal cities
where the bulk of the Negro population lives AS result the
of many of the candidates practically unknown to
large majority of the 1000 cOlored voters.
Among the Republican candidates J. A. A. Burnquist,
Ray P Chase Theodore Christensen and w. Nolan
known the of this class of voters The other
candidates Harold Knutson n. j. Homberg William Pitten-
August Andersen and Conrad Selvig practically
known as far as the cOlored citizen is concerned.
On the Democratic ticket the only candidates that the
Negroes know anything all about Enar Hoidae and
of them know Sas Bryan who served with Negro troops
during the war.
The situation obtains the Farmer-Lboar ticket.
Only Ernest Lundeen known to large number of
pe Magnus johnson is also known but how he feels towards
the coOred people what he knows of their problems few
any, know.
This is not only with the congressional candidates
there people the state tickets with whom the COL
cred voters familiar Since this election evidently win
be close would advisable for all three Of these parties
to consider this condition The Negro set aside he is does
does not approach the fitness of candidate from
will vote only for those candidates who profess exhibit
friendship interest in their problems Out of the ~ major
pary candidates for Congress there rot who
the people of this familiar enough with to cast bal
lot for or against inteIieenty.
The Importance of having the right type of Congressman
cannot be oversated reetabe that more is not known
of the men who running on the various tickets.
The HERALD will make every effort to present It's
readers much information about the various congressional
candidates as is humanity possible.
This information win be printed in the issues prior to No
yember 9Th.
Twin-City herald. [volume] (Minneapolis, Minn.) 1927-1940, 1932-10-15
Norfolk Editor
For Roosevelt
VIRGINIA PUBLISHER COMES OUT
FOR ROOSEVELT.

New York, Oct. 4-P. B. Young. edi-
tor of the Norfolk Journal and Guide,
the largest Negro paper in the Tide
water section, has announced that he
is supporting Governor Roosevelt for
President and will make speeches in
his behalf.
Senator Swanson of Virginia in
commenting on Mr.. Young's state
ment said: 81 always knew that as
soon as our virginian Negroes dis
tinguished between their friends and
mere pretenders they would join the
Democratic ranks. Our problems are
the same in the state and the sooner
we understand that and work to-
gether for their solution the sooner
both races will fully come into their
own"
Twin-City herald. [volume] (Minneapolis, Minn.) 1927-1940, 1932-10-15
Hoover Speech To
Negro Delegation
Planned & Praised
SOME NEWSPAPERS CRITICAL OF
HOOVER SPEECH.

New York, Oct. 12-Reaction of the
press and some of the leaders of the
race to President Hoover's talk to a
delegation at the White House Oct. l
was noticeably unfavorable. Especi-
ally was this true with such newspa.
pers as The Pittsburg Courier, The
Norfolk Journal and Guide, K. G.
American, Baltimore Afro-American,
Cleveland Guide, Carolina Tribune,
The Boston Guardian, The Houston
Informer and The Topeka Plaindealer.
At least five of these papers have sup
ported G. o. P. candidates for years.
The gist of their opinion is summed
up in the editorial remarks of the
Texas paper which said, Maybe Hoo
yer and the Republican leaders think
the Negroes are fools, or still fools,
whichever suits their fancy"
w. E. B. Du Bots, editor of the
Crisis Magazine, was highly critical
of the Presidents remarks, "The Ne
gro," said he in statement to the
press, "in the United States today has
Twin-City herald. [volume] (Minneapolis, Minn.) 1927-1940, 1932-10-15
Detroit Boy On
! Michigan Foot
Ball Eleven
DETROIT YOUTH EXPECTED TO
STAR.
(Herald News Bureau)

l10Talu NEWS bureau
Ann Arbor, Mich, Oct. IA Ne
gro football player on the Michigan
varsity! When this news was flashed
to- newspaper sport desks all over
America it was something new. No
known Negro football candidate ever
made the Michigan eleven although
track stars such as De Hart Hubbard
and Eddie Tolan have blazoned the
name of the University of Michigan
across the athletic sky no black boy
has been welcome on that schools
football eleyens. Fielding Yost, for
mer football coach now athletic di-
rector, never encouraged Negro youths
to try for the gridiron team.
Coach George Little has discovered
a possible Big Ten sensation in Will
lis Ward, 10 year old Detroit, sophie
more. who plays end. Ward standing
8 It. one inch played sensational
game to help Michigan beat North
western last Saturday.
Fans may expect to hear more of
Ward.
a He plays left-end on the Michigan
squad.
Twin-City herald. [volume] (Minneapolis, Minn.) 1927-1940, 1932-10-15

MRS. ?. A. CULLEN VICTIM OF
poUBLE PNEUMONIA.

New York City, oct.-Mrs. Carolyn
Belle Bullen, fotesr mother of the
poet, Countee Cullen, and wife of the
Rev. F. A. Cullen, pastor of the Sa-
lem M. e. Church, here, died on Mon
day morning at the Mt. Sinai Hospital
from the effects of double pneumonia
at the age of 40 years. She had been
ill only since Saturday. Mrs. Cullen
was once noted as a concert singer.
According to the 1880 census there
are IL Negro attorneys practising in
Minnesota courts.
Twin-City herald. [volume] (Minneapolis, Minn.) 1927-1940, 1932-10-15

less opportunity of achievement and
less freedom for development than
any other American group, and l am
unable to see that President Hoover
has made any successful effort in in
creasing our opportunities or our free
dom. On the other hand, to single
out two points, his attitude toward
the Lily-White' movement in the
South, and his attitude toward Libe-
ria, have both hurt us immeasurably,
and these are but two matters of
Continued on Page a
Twin-City herald. [volume] (Minneapolis, Minn.) 1927-1940, 1932-10-15
Porters Union
And Pullman Co.
In Court Battle

The first stage of the fight being
waged by the Brotherhood of Sleep
ing Car Porters against the Pullman
Company Plan began in the Federal
District Court in Chicago October Bird
before Judge George E. @. Johnson
The Brotherhood was represented in
this case by Henry T. Hunt of New
York as Chief Counsel and Walter F.
Continued on Page a.
Twin-City herald. [volume] (Minneapolis, Minn.) 1927-1940, 1932-10-15
RICHARD PRICE DEAD.

Richard Price, age So years, resid-
ing at SOP Oak Lake Ave. NJ, died the
18th of October at the Minneapolis
General Hospital. Funeral services
Thursday the 18th at the Neal Funeral
Home Rev. w. M. Majors officiating.
Interment at Crystal Lake Cemetery.
Survived by wife Mrs. Emma Price.