davidaulloa/AmericanStories huggingface dataset:
The midland journal. (Rising Sun, Md.) 1885-1947, 1932-04-08
WILDCAT BOUNTY
ENRICHES TRAPPERS

two-legged foe, usually finds the lure
OF something for nothing" most diff
ficult to resist. Thus the success Of
trappers on capturing the game that
seems to meow in derision at rifles and
shotguns. Thus the cash register
song, echoing alone the traplines, a
dirge for the cats, but joyful chorus
for those to whom it means "shoes for
the baby"
Each time the jaws of cat trap
snap together the state parts with sec
in bounty money. The cat, snarling in
rage and pain, has his fury aggravated
by the discovery that the bait-fooG
which he had attempted to seize with.
out earning it through the usual stalk
and kill, something for nothing'-is
just beyond the reach of his paws.
The midland journal. (Rising Sun, Md.) 1885-1947, 1932-04-08
New Movie Camera Fast

Rochester, N. "a motion picture
camera, capable of making 10000
photographs a second. was placed on
view here. The machine, invented
by a Japanese, can be so speeded as
to picture revolver bullets In flight.
The midland journal. (Rising Sun, Md.) 1885-1947, 1932-04-08

LCo w uuiaJ oPoA
amusement tina. 1t
is only the unusu-
al and the extreme
til in g which can
give them a SEN
sation of delight
or interest. Once
a rag doll or a
branch Of a tree
cut into the SEM
blance Of a horse
W ould throw a
child into an &C.
stacy of magma
ton and delight.
Nor SO fnflov tt
The midland journal. (Rising Sun, Md.) 1885-1947, 1932-04-08

A smart street ensemble for spring
is selected by Ann Harding, RKO-
Radio star, in this black and white
Hattie Carnegie model. The coat, Of
corded lightweight wool, sponsors the
smart button trimming. The gown, of
corded silk crepe, employs the FASH
ionable scarf tied at the throat.
The midland journal. (Rising Sun, Md.) 1885-1947, 1932-04-08

THAT'S a strong statement.
l. But it's true. And Target
Cigarette Tobaccoistheanswer
81 first started on Target to
save money. ! heard you could
roll thirty or more cigarettes for
a dime with Target. But that
isn't all.
"Target gives you the same
taste you get in the best ready
Inades. And with those special
gummed papers you get free
with every package, you sure
can roll plump, sweet smokes.
Isure do get twice the pleasure
and, Of course, no one objects to
saving fifty cents a week.
81 advise you to try Target,
and enjoy the blend of Virginia,
Burley and Turkish tobaccos
just like in ready-mades."
The midland journal. (Rising Sun, Md.) 1885-1947, 1932-04-08
Fox Hides in Chimney

Llanthony, England. = Br'er Fox,
hard pressed by the hounds, swan the
Severn, and then bolted into a private
house, here and ran up the chimney.
The midland journal. (Rising Sun, Md.) 1885-1947, 1932-04-08

The shoe repair shop Of Anthony
Rizzo in gainesville, Ohio, was filed
with flowers the other day after the
reception of telegram from New
York announcing that Anthony, OF
Tony, as his friends know him, had
been chosen national champion shoe
repairman Mt the fifth annual shoe re-
pairers' and dealers exposition. Each
contestant submitted three pairs of
shoes, one shoe of each pair in the
original state of wear and the other
repaired in the contestants best. man.
ner. Tony comes from cobblers
family. His grandfather had little
shop in Palmero, Italy, many years
ago. Tony's father learned the trade
and came to America and settled in
Mount Morris. N. Y, where Tony be-
gan bis apprenticeship at six.
The midland journal. (Rising Sun, Md.) 1885-1947, 1932-04-08
POTPOURRI
Use of Concrete

While concrete hardens In ;
few hours, it does not reach It's
full strength until about two
years after it is laid. After
that time for most purposes it
is more lasting than natural
stone. For structural work, re-
inforced concrete is made of one
part cement, two parts sand,
four parts gravel or crushed
stone, and necessary water.
! co. 1882. Western Newspaper Union.)
u x y u Y Y Y 4 y 4 u Il u i u 4 Y Il 4 u u Y Y Y
The midland journal. (Rising Sun, Md.) 1885-1947, 1932-04-08
CATS AND
CANARIES
BY THOMAS ARKLE CLARK
Emeritus Dean of Men,
University of Illinois.

1t takes good deal to give young
person thrill today. They are so
Evening star., 1932-05-08
G0vERNM lent AGENCY
is EXPANDING CREDIT
Operations of Federal Reserve Bank
in Supplying Funds Are
Explained.
BY CHAS. p. SHAEFFER,
Associated Press Business Writer.

The open market operations Of the
Federal Reserve Board have been called
into play to meet the situation brought
about by economic evolutions.
Ordinarily, the initiative in making
money more plentiful lies in the private
borrower. However, when the public
does not assume this initiative, then It
is left to the credit-making machinery
of the Treasury to step in and by its
own action increase the supply of funds
available for credit.
In explaining this principle, a Treas
ury offcial said the extreme pessimisfn
in business and financial circles during
the last year has made the public wary
of seeking new loans other than those
absolutely necessary, while the banking
institutions themselves have been
somewhat loath in seeking loans from
the Reserve banks to grant new credits,
as in most instances they have been
compelled to do, due to the high de-
gree Of liquidity they have been main
tanning to meet abnormal and sudden
demands which might be made on
them
This being the case, the Government
felt constrained to increase the amount
of credit available in the market. This
is now being done through the pur-
chase Of Federal bonds.
The money used in purchasing these
bonds is deposited In banking institu-
tions, from which 1t passes back to the
Reserve banks either for repayment OF
rediscounts or for credit in the reserve
accounts Of the member banks, where
it serves as a base for possible expan-
sion of loans or investments of the
member banks.
Evening star., 1932-05-08
Traders Cheered
By Definite Move
In Budget Tangle
Turn of Events Here in
Last Few Days Helps
Stock Prices.
BY GEORGE T. HUGHES.
Special Dispatch to The Star

NEW YORK, May Tt goes without
saying that traders in the stock market
are greatly encouraged at the turn Of
events in Washington. at the week end.
They have reason to be encouraged
The shilly- -shallying in Congress has
been the greatest Oppressive factor in
the market for weeks and any sign of
improvement in that direction could
not fail to help stocks.
1t is easy to say that the Unexpectedly
large wage reduction announced by the
United States Steel Corporation was
also an influence for higher prices
That is the traditinoal and professional
attitude, and undoubtedly the news did
lead to short covering 1t must not be
overlooked, however, that this drastic
cut in labor costs is direct reflection
Of the plight in which the industry
finds itself and that, while reduction
In expenses may increase net income
what Is really needed in steel, by the
railways, and everywhere else in In
dustry, is more business.
Then, too, the market was due for
some sort of recovery after so long and
so continuous a decline. More could
be made Of this point if there had been
a large short interest outstanding, but
it deserves some consideration. Taking
everything into account, the outlook is
more favorable than it has been in
weeks, but it is not yet entirely con-
vncng. Congress has yet to prove
changed attitude by its works, and the
cuts in costs which other corpartionS
besides United States Steel are making
have yet to show in income accounts
before too much can be taken for
granted. incidentally, there is reason
TO believe that there is room for further
economies in many other large organi-
cations and that they will be put into
effect.
The oil group is the one looked upon
with the greatest favor by those work.
ing for higher prices. Developments in
this field have been constructive in
greater degree than anywhere else. The
proposed new lineup by the larger
Standard Oil units has turned atten-
ton toward the petroleum stocks. One
company has resumed dividends and
another, an independent, has reported
increased profits for the first quarter
this year compared with the similar
period year ago
(Copyright, 1922
Evening star., 1932-05-08
RAILROAD RETURNS
NET 2.1O PER CENT
Income of Class One Carriers
for First Quarter Is
Anayzed.

Class railroads Of the United States
for the first three months of 1882 had
net railway operating income of
$66 ,028, ATS, which was at the annual
rate of return Of 1.28 per cent on their
property investment, according to re-
ports just filed by the carriers with the
Bureau of Railway Economies. In the
first three months of 1881 their net
railway operating income was s108,-
533, 3,l56, or 2.10 per cent on their prop
erty investment.
Property investment is the value of
road and equipment as shown by the
books of the railways. including mate
way operating income Is what is left
after the payment of operating ex-
penSes, taxes and equipment rentals, but
before interest and other fixed charges
are paid.
This compilation as to earnings for
the first three months of 1892 is based
on reports from 167 Glass I railroads,
representing total of 242, ,047 miles.
Gross operating revenues for the first
three months of 1882 totaled $832615,-
1888, compared with SLOTS, ,958, 1873 for
the same period in 1881, or a decrease
of 22.8 per cent Operating expenses
Tor the first three months of 1882
amounted to $663, ,103.175, compared
with 1857 ,873,070 for the same period
one year ago, or decrease Of 22.7 per
cent.
Glass I railroads in the first three
months Of 1892 paid S74628, ,282 in
taxes, compared with S80,965,818 for
the same period in 1881, a decrease of
7.8 per cent. For the month of March
alone the tax bill of the Glass I rail-
roads amounted to $25,546,762, a de-
crease Of Sl,866,8s0 under March the
previous year.
Sixty-seven Glass I railroads oper-
ated at loss in the first three months
OF 1882, of which 19 were in the East
ern. IA in the Southern and "a in the
Western district.
Glass I railroads for the month of,
March had a net railway operating in
come of $32.289, 300, which, for that
month, was at the annual rate OF re-
turn OF 1.57 per cent on their property
investment. In March, 1881, their net
railway operating income was $46.478,-
l84. or 2.25 per cent.
Gross operating revenues for the
month of March amounted to $289, ,728.-
926, compared with $376, 6,246, ,460 in
March. 1881, a decrease of % per cent.
Operating expenses in March totaled
$222, ,482 ,167, compared with 1921 ,616.-
6OS In the same month in 1881, a de-
crease of 1877 per cent.
Evening star., 1932-05-08
EARNINGS REPORTED.

NEW YORK, May 7 (P.-McGraw-
Hill Publishing Co. and subsidiaries re-
port for the quarter ended March 81
net loss of $100,427 after taxes and
charges, compared with net profit of
1878 ,022, equal to 81 cents a share in
the first quarter of 1881.
The report of the Brill Corporation,
controlled by the American Car &
Foundry Co., for the year ended Decem-
Der 81, 1881, shows net income from all
sources of $260,614 after taxes and
other charges, equal after preferred
dividends to less than l cent a share
on 217,288 no-par shares of class "a"
stock. This compares with $3.50, ,3o2, or
80 cents share on the class "A" stock
in 1880. '-..-..--'
The Duke Power Co. and subsidiary
utility companies reports for the year
ended December 81, 1881, net income
of $4,958,778 after taxes, depreciation
and interest, compared with $6,0175l2
in 1890. ''..,
A net loss of $500, ,78s was reported
for 1881 by the Foundation Co., COM
pared with net loss of $3,663 in 1890
Foundation Co., foreign, a subsidiary
for the year ended December 81, re-
ports net profit of $24,319 after all
charges.
Evening star., 1932-05-08
COSTS OF WHOLESALE
DISTRIBUTION SURVEYED
By the Associated Press.

BY the Associated Press
The Commerce Departments recent
survey Of wholesale grocery operations
indicated that retailer cooperation is
the most important single factor in low
ering wholesale distribution costs.
1T is to the advantage of whole
salers and retailers that retailers con-
centrate their purchases with as few
distributors as is compatible with ade-
quate supply" the report said, "and it
was found that most retail grocers
were eager to cooperate with whole
salers once they were impressed with
the mutual benefits to be derived"
A most profitable promotional effort
by the independent wholesaler was
found to be expended in the form of
customer education. The statement
was made that by teaching the retailer
how to buy merchandise intelligently
the wholesaler Is laying the foundation
for future volume The welfare of the
retailer was found to be identical with
that Of the wholesaler, and wilfully
overstocking or misguiding the retailer
ON the part of any independent whole
saler was characterized as business
suicide.
Evening star., 1932-05-08
WORLD OIL PARLEY
TO HELP INDUSTRY
Leaders of u. S. Field Will
Meet With Russian
interests.
BY the Associated Press.

NEW YORK, May &c. z. Arnott,
president of the Socony- Vacuum Cor
poration, today announced that forth
representatives would be for the pur-
pose of ending decentralization in for
eign oil markets.
For some years past" he said
"Socony- Vacuum Corporation, operat-
ing in foreign markets, has made pur-
chases from time to time of Russian
oil products. The Russians have addi-
tional supplies available for export, with
the result that a considerable duplica-
ton of distributing facilities had taken
place, resulting in a general demorali-
zation of the foreign markets outside of
the United States, and a meeting will
be held for the purpose of determining
whether or not some understanding may
be reached with view to correcting
this general decentralization"
Mr.. Arnott emphasized that the con-
ference would confine its discussion to
the economic distribution Of petroleum
products produced in Russia and dis
tributed in markets outside of the
United States and its possessions. He
made it clear that the conferences
would in no way have any connection
hAOAi PAASSo OA AAAPOA 70 4AASo
the United States.
The statement is the first that Mr..
Arnott has made with regard to the
discussions, which have aroused keen
interest in oil circles throughout the
world.
The Soviet delegation is headed by
Phillip Rabinovich, member of the Rus
sian commissariat of foreign trade, who
formerly worked in a Chicago metal
shop but left this country to enlist in
the Red army during the Russian fevo-
luton. K. Riabovolz and r. N. frid-
man, also leading figures in the Russian
oil combine, are also members of the
delegation.
other prominent oil men who are
expected to arrive here next week for
the world oil peace conference are j.
B. August Kessler, representing the
Royal Dutch Shell interests; William
Fraser of Anglo Persian OIL and Robert
l. Watson Of the Burman Oil Co.
Evening star., 1932-05-08
FARM EXPORT INDEX
HIGHER FOR MARCH
Figures Show Best Foreign Busi'
ness Since 1927-Cotton Sales
Are Feature.
By the Associated Press.

by Jne hSSOClateu fTeSb
Although falling off slightly from
February, the March index of agricul-
tural exports-111 per cent of the pre-
war level-duplicated the January figure
and was higher than any March index
since 1927.
Brisk foreign sales of cotton, the
Agriculture Department said today, held
the index figure up. With cotton elimi-
mated the index was 70, new low
monthly figure.
Wheat exports made a substantial
gain in March over recent months. The
index was 10, as compared with 70 in
February and "a in January A year
ago it was So. All other export groups.
however, fell off sharply, animal prod
ucts slipping from 80 in February to
So in March.
During the first nine months of the
current marketing season, about $780,
900 bales of cotton were sold abroad,
against 6,0l6, 900 during the same period
year ago. The biggest sales were In
the Orient.
All principal European countries ex-
cept Italy took more wheat In March
than a year ago. Total exports thus
far this season amounted TO 106, 998, 900
bushels, against i02, ,3os, 900 year ago.
Evening star., 1932-05-08
EQUITY SUIT INVOLVES
STOCK OF OLD COMPANY
Special Dispatch to The Star

Special Dispatch to The Star.
CUMBERLAND, Md, May THE
report of Taylor Morrison, special mas
ter, in the equity suit of the Union Min
ing Co., Inc, against James p Bias,
Frederic A. Delano, Van Lear Black,
Harry c. Black and w. Bladen Lowndes,
defendants, was the subject of hear
ing before Chief Judge D. Lindley
Sloan yesterday. 1t involves the dis
tribution of $55,000 in a trustees fund,
due from 333 shares Of outstanding
stock of the original New York Mining
Co, later absorbed by the New York
Mining Co.
Owners of the stock, issued before
the Civil War, could not be located,
but following years Of search number
of heirs have been located, largely in
Washington and New York. Two of the
original stockholders were heirs of
Washington Irving, the novelist. and a
copy of his will is among the papers
in the suit, a friendly action. to close
up the matter.
Evening star., 1932-05-08
NEW STEEL EXECUTIVE.

NEW YORK. May CF9.-The United
Steel Corporation today announced that
Ambrose N. Diehl will succeed to the
presidency of Columbia Steel Co., its
Pacific Coast subsidiary, on July I.
Mr.. Diehl, at present a vice president
OF the parent corporation, will follow
A. T. DeForest as head of the Columbia
Co.. as Mr.. DeFolest is slated for re-
tirement on June l. under the corpora
tion's pension plan.
Evening star., 1932-05-08
INVESTMENT BOND
AVERAGES ARE OFF
Market, Despite Rally, Has
Encountered More Than 10
Point Loss.
Special Dispatch to The Star.

NEW YORK, May Prior to Fri
days rally, the weeks decline IN bonds
had been even more disconcerting then
the new low prices established for
many prominent railroad and industrial
stocks. While it was concentrated in
Ithe junior railroad mortgages, 1t in
cluded a great many OF the better
grade issues and for q while even Gov
ernment loans were under pressure.
The only group that showed con-
sistent strength up to Friday we're the
French and British government and
municipal loans, and this was attri-
buted to the same influences that led
to higher rates for European currencies
and consequently shipments of gold.
The average Of the bond market Is
now approaching an 11-point loss from
the high of the year, made last Janu
ary. Before it made some recovery
Friday it broke this week more than
a point under the low average of last
December. when panicky selling, which
included liquidation by banks, had car
ried the bond list to the lowest level
In many years.
The greater part of the most recent
decline has occurred in the junior
mortgages Of half dozen railroads
whose credit has been regarded as
weak for long time and whose posi-
ton was emphasized by the forceful
suggestion of the Interstate Commerce
Commission to the st. Louis-San Fran
cisco management that it must present
plan Of capital reorganization before
July l in order to obtain the support
from the Reconstruction Finance Cor
poration which it so badly needs
In the present stage of the market
1t Is impossible to do any new long
term financing for substantial amounts.
The banks and corporations still insist
on short-term notes where they do
not select Government paper for their
portfolios. All such issues sell quickly
when offered. 1t is expected that the
market may again soon be tested by
an issue of Consolidated Gas per cent
bonds, which will be the first large
offering of this kind since New York
Edison and BROOKLYN Edison SIS were
placed in the market earlier in the
year and met with such splendid re-
ception. An issue of $l0,900,000 Fed
eral intermediate credit notes. running
up to 10 months, was sold this week
between 2A and a 3 per cent basis.
Municipal bonds have improved main
ly from purchases by those who find
it most profitable to keep their funds
in tax-exempt securities.
In spite of the varying uncertainties
in the domestic and foreign situations
there has been exceptional freedom
from defaults. The second half Of 1882,
however, is likely to bring to the hold
ers of bonds some Of the anxiety that
has been felt for the past year by
owners of stocks as they have seen
the dividend on one strong corporation
after another reduced or omitted
(Copyright, 1922
Evening star., 1932-05-08
CHICAGO DAIRY MARKET

CHICAGO, NAV Cp.-Butter-Re-
ceipts, 1O,169 tubs. steady; creamery
specials (s3 score), 17% a18H; extras
(92), 17H; extra f1rsts (90-9D, 1634a17;
firsts (86-89), 15%al6; seconds (86-87)
l4a15; standards go centralized car
lots), II.
Eggs-Receipts, c7,711 crates, steady:
extra firsts, 131a: fresh graded firsts. IA:
current receipts, 1112a125; storage
packed f1rsts, Is; extras, 1872.
Evening star., 1932-05-08
Merchants Quit
Beds to Rescue
Home Town Bank
BY the Associated Press.

BY the Associated Press.
HARLINGEN, Tex, May THE
First National Bank of Harlingen re-
mains in operation because business
men here decided to lose sleep over its
condition before it was forced to close
Civic leaders and merchants of this
town of $4,000 population were called
from their beds Thursday night by the
announcement of a Federal examiner
that $4,000 cash was needed to keep
the bank open.
Houston directors, he said, were un-
able to meet back assessments.
Harlingen business already had suf-
fered from one bank failure. Currency
and checks were assembled at a hotel
suite throughout the night. 1t was
slow work, but the examiner left at
dawn with the $4,000.
New stockholders were chosen. VIII
liam H. Hall. retired oil man and
banker, was elected president.
The bank opened for business %
usual yesterday. 4
Evening star., 1932-05-08
Stock Losses Put
New York Market
Near Cash Basis
By the Associated Press.

BY the Associated Press
NEW YORK, May Market COM
mentators have said many times in the
last year or so that the stock market
is practically on cash basis. meaning
that brokers were borrowing very little
to carry their customers margin &C
counts. This statement appears to be
amply borne cut by the ratio of Stock
Exchange member borrowings against
collateral as of May 2.
With the ratio at 1877 per cent. a
new low, it is estimated by the market
observers that most of the speculative
business in stocks is being financed by
the brokers with their own money.
Evening star., 1932-05-08
New Airways Director.

NEW YORK, May Z P.-Robert A.
Lovett has been elected a director of
American Anyways, Inc, transport sub
sidiary of the Aviation Corporation Of
Delaware, to I'LL q vacancy.
Evening star., 1932-05-08
Safety Glass Sales Gain.

NEW YORK, Nav (P.-There has
been an upward mo. .1ent in demand
for safety glass, bu- the volume is not
large, according to the American Glass
Review. Y
Evening star., 1932-05-08
SHORT INTEREST.

NEW YORK, May 7 (Pl.-The short
interest on the New York. Stock Ex-
change as Of May was 2,758,i6l
shares, decrease Of 521,237 shares
from April 1.
Evening star., 1932-05-08
SILVER QUOTATIONS..

NEW YORK, May R.-Bar silver
steady, Is higher at 27as.