davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-09-17
BONDS ARE STEADY
At SHORT SESSION.
Speculative Rail Group Con-
tinueS Advance and Prime
Issues Are Firm.
BY F. H. RICHARDSON.

Special Dispatch to The Star.
NEW YORK, September 17.-Bonds
were firm in quiet trading today.
slight degree of irregularity in Junior
industrials and utility bonds was Off
set by further advances in speculative
rails. High-grade corporation issues
were firm, while United States Gov
ernment long-term bonds advanced to
new high prices for the year.
The strength in United States Gov
ernment bonds this week was accom-
panied by an easing in money rates
Counter money at 1 per cent CORE
sponded to quotations of 9O-day time
loans at rs to IA per cent. This
again brings up the question whether
the New York Federal Reserve Banks
line at -. ner cent, will agai;: be cut.
1t could be reouced to the IL per cent
rate in effect year ago without caus-
ing an undue outflow of foreign bal
ances, as money in London and Paris
is lower than it is here
High-grade corporation bonds were
traded near their best prices of the
year. Detroit Edison IS, which ma
ture January l, were quoted around
101. The company is considering an
issue of $l5,000,00J of 25-year 5s, to be
marketed about %. Although it must
IL
order to meet the Sl0000,00O year-end
maturity and provide funds for other
corporate purposes, the bankers are re-
ported to be waiting for a better
market.
Municipals continued strong Only
$4,000, 900 in new municipal loans will
be offered next week, against the
weekly average of 1892 of little over
$19.000,00O. The scarcity of good
municipals as a result of this diminish
ing stream of new offerings is evi-
denced by the fact that New York
State As are again selling at prices to
yield 3.25 per cent-a price higher
bonds.
The continued advance Of second and
third grade railroad bonds reflected
the rise of rail stocks Friday against
the trend of the market. Gains of l
to 2 points occurred in Baltimore g.
Ohio convertible AIS, st. Paul 5s and
adjustments, Chicago Il Northwestern
424s. Rock Island IS. Nickel Plate IS.
Southern Railway 4s and Southern
Railway 6l2s. Prime rails were firm.
1ndustrials and utilities were irregular.
German issues dropped about a
point rejecting continental selling that
had its origin in Paris following Ger
many's withdrawal from the Disarma-
ment Conference The move was not
carried very far, however. The French
bond conversion operation, expected to
be approved over the week end, was
not calculated to unsettle French dol
lar credits. The Is and tbs were both
firm today. Japanese bonds were off
slightly.
Evening star., 1932-09-17
LOSS IN DIVIDENDS
PUT AT z BILLIONS
Drop of go Per Cent in Payments
of 600 Corporations
Noted.
Special Dispatch to The Star.

special DlSpatcn 10 Inc star
NEW YORK, September 17-Since
the high rate was established in March,
1880, there has been a drop of 60 per
cent in the dividend rate per share on
600 issues of corporations. banks and
insurance companies on which Moodys
Investors Service base its figures.
From a rate of S306 share on this
list in 1880, there has been a decline
of $125 a share. AS other dividends
are expected to be reduced or omitted
later this year, and few are likely to
be resumed, it is probable that the rate
per share will go still lower before the
pickup in business starts it along the
road Of recovery.
The extent to which dividends on
listed stocks have been suspended en-
tirely may be realized from a review of
the New York Stock Exchange record
for last week, in which over 1000 in
dividual issues were quoted and of
which fewer than 400 paid dividends.
In addition, there are scores of stocks
whose dividends have been materially
reduced and are now at nominal rates
compared with those paid three years
ago.
The dividend reduction movement
did not start until six months after the
break in the stock market began to
tumn of 1929. 1t did not gain much
headway during 1880, when the divi-
dend rate per share declined only from
s3o6 to s273 In 1881. however, there
was drop from s273 to 81 so, or about
80 per cent, and this year decline
from 81 96 to S1.25 a share. However,
1t has slowed up perceptibly in the last
three months.
The aggregate of dividend reductions
during the depression has been esti-
mated as high as $4,000, 100000, cover
ing securities that have either a listed
market or are dealt in over the counter
In the eight months to August 81 this
year dividend payments were 81 ,0OO,-
600 600 less than in the same period
in 1881. Dividends in 1881 were also
much below those for 1880 Defaults
in interest payments have been rela-
lively small compared with dividend
losses. The most considerable de-
creases are those on South American
dollar bonds and on the issues of several
large domestic public utility holding
companies.
Copyright, 1922
Evening star., 1932-09-17
BROKERS EXPECT STOCK
RECOVERY TO BE SLOW
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, September 17.-In the
opinion of many brokers 1t will take
some time for the market to recover
from the shock it has had during the
past week. Its inability to resist bad
news has made buyers of stocks eau
tious, so they are not likely to be again
tempted into a speculation founded on
rumors and not on facts.
The impression prevails that there
will be a period of some weeks of ir-
regular movements. with a great deal
OF churning of active shares, not much
change in daily averages and smaller
volume of trading. Prom now on the
political factor will be an important
one; also the trend Of legislation in
the next Congress, it is said. Bankers
are already beginning to express fears
of an agitation in Congress for the
same kind of measures that unsettled
confidence during the Winter and
Spring.
Evening star., 1932-09-17
Reichsbank Statement.

BERLIN, September II (PD.-The
Reichsbank statement as Of September
IS shows the following changes in
reichsmarks: Gold and bullion increased
12,77l 900, reserve in foreign currencies
decreased 12,620,000, bills Of exchange
and checks decreased lot 627 900, silver
and other coins increased 14.013.o 900, in
vestments unchanged, other assets in
creased 3,446,0o0, notes in circulation
decreased 81, ,421 900, other maturing OBJ
legations increased 24,759 900, other liza
bilities increased 1873 600.
Total gold holdings. 781 POT .000 Note
coverage, 25.7 per cent. Rate Of dis
count, per cent.
Evening star., 1932-09-17
Baltimore to Sell Bonds.
BALTIMORE, September II (Specis

D.. BALTIMORE, September II Especially.
Bids have been asked by the City of
Baltimore for s3,879,OO0 of securities.
consisting of s2,963 900 of serial bonds
and $4,000 of registered stock, to be
awarded September 49, The securities
will bear per cent interest and ma
ture serially from 1886 to 1864. The
last long-term financing undertaken by
the city was in January, when S4,200,-
600 of per cent bonds were marketed.
Should the improvement continue in
the State and municipal market. the
city should receive a good price for the
issues. The funds sought will be used
for sewer, water and school purposes.
Evening star., 1932-09-17
Market Depends on Business.
NEW YORK. September IL (Spe,

NEW YORK, September II (SpeciaD &.
The fate Of the market now rests in
the business situation. If the index of
business activity shows rising trend,
many Of the market followers will re-
sumo their buying. as they feel that the
40 per cent reaction from the high
prices of the month has placed stocks
on a sound technical basis. On the
other hand, If there is an indication in
major industries of continued dullness
and little more than seasonal improve
ment, the bearish attitude of market
operators Is likely to increase. October
will be the test month in this respect
Then the effects of the improvement in
sentiment should begin to show in iron
and steel, in the automobile trade and
in car loadings.
Evening star., 1932-09-17
FREIGHT TRAFFIC DROPS
SHARPLY IN 7 MONTHS
BY the Associated Press.

BY the Associated Press.
Freight traffic handled by the class
railroads of the country in the
first seven months of 1882 was an
nounced by the Bureau of Railway Eco
nomics as totaling l47.002, $4,000 net
ton miles.
The bureau maintained by the car
riers said this was 28.2 per cent under
the corresponding period in 1881, and
40.7 per cent under the first seven
months Of 1880.
Evening star., 1932-09-17
"New Highs"

NEW YORK, September II (SpeciaD
On September over 20 per cent of
all of the stock dealt in that day sold
at new high prices for the year. Since
then there has been a steady tapering
off in highs, until on Thursday only
one stock reached the best figure Of
the year.
Evening star., 1932-09-17
Markets at a Glance

NEW YORK, September IT P.-
Stocks easy; realizing follows early rise.
Bonds irregular: rails firm. Curb easy:
leaders change narrowly. Foreign ex-
changes firm; sterling improves. Cot
ton lower; favorable weather: South
ern and Wall Street selling. Sugar,
coffee closed.
Evening star., 1932-09-17
Finance Company Dividend.

BALTIMORE, September II (Spe-
ciaD The board of directors of the
Manufacturers Finance Co. has de-
clared the regular quarterly dividend of
tx per cent on the companys per
cent first preferred stock, payable Sep
tember 80 to holders Of record Sep
tember 13.
Evening star., 1932-09-17
Chile Eats Cheaply.

TALCO, Chile (P)-Reduced business
has brought on a furious commercial
war among the hotels and restaurants.
prices have been cut to the point where
A. is cheaper to eat out than at home,
and the hotels virtually give meals away
TO g,Nets who rent their rooms,
Evening star., 1932-09-17
New Bond Issues.

NEW YORK, September II (P.-New
bond issues formally offered in this dis
trict this week aggregated $11. .99o, 600.
compared with s10.852323 in the pre-
ceding week and s67,532, 900 in the like
period q year ago.
Evening star., 1932-09-17
New York Cotton
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, September 17.-In the
heaviest Saturday trading in several
years, cotton prices broke sharply today
and ended with a loss of 80 to "a
points.
All deliveries except May and July
sold below the 7-ce1t figure, with Oc-
tober touching SOS. Prices closed at
the bottom, about Sl4 a bale below re-
cent high levels Spots were reduced
25 points to $50.
Cotton range:
Evening star., 1932-09-17
FEDERAL RESERVE RATIO.
BY the Associated Press.

The ratio of total reserves Of the
IL Federal Reserve Banks to deposit
and note liabilities combined continued
to show rising tendency during the
week ended September IA. In the table
that follows the Reserve ratio Is given
for comparable periods. as reported by
the Reserve board:
Week ended September IA 59.6 per cent
Previous week ......... 59.2 per cent
Same week last year.. -. 1874 per cent
Evening star., 1932-09-17
CHICAGO STOCK MARKET

CHICAGO, September II (R.-Fol-
lowing is the complete official list of
transactions in stocks on the Chicago
Stock EXCHANGE today:
Evening star., 1932-09-17

quarterly or semi-annual payment. 'ES
dividend. tPartly extra. tPlus AZ in stock
aPaynble IN cash or stock. Payable in
STOCK Adjustment dividend. ( Plus So
IN stock. g Plus 60 in stock Plus IL
IN stock. Plus 20 in stock. Plus 10.
stock. . Paid last year-no regular rate.
Evening star., 1932-09-17
BONDS.

. 5ocS oce Tniy Nc 0t Ii g ss saM ss ss:
Bond sales today. $4,000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20
Pace Set by Athletic
Star Is Sensational
Beat Sixty, Is Goal, and Jimmy Now Has Thirty Nine
Mackmen Annex Doube-Header and Cubs
Gain on Pittsburgh Pirates
UnitcdPress

NEW YORK July 2oJimmy Fox rudy faced former Maryland
farm threatens
approximately sy-sx this Connie Macks smuggling first
baeman continue the Athletics
l played he will Babe Ruth 1927 record of sixty
about
nney-one games played far Jimmy thirty
nine four o a game.
home mighty close sxy-sx
Figuring o games
the Bambino 389 He actually
games cold 26year-
old healthy
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20

IcCOIu peIlOIIHduCe.
Jimmy showed no signs Of weak
ening with his thirty seven-o ounce
bat Tuesday when he drove out
home run No. 80 in the nightcap OF
the double-header, which the AS
took from the Browns, 9 to ana
Is to 6.
Eight Hits by Cramer
Jimmys teammate, Roger Cramer,
also did we'll at bat connecting for
eight hits in ten chances during
both games. Three were doubles.
Lefty Grove pitched the opener for
the Athletics, and RUDE Walberg
the nightcap. This double victory
enabled the Mackmen TO gain hall
game on the leading Yankees.
The Yanks registered their fourth
consecutive victory over the White
Sox, 6 to 3, as Lefty Gomez turned
in his sixteenth victory. Joe Sewel
homered for New York, his eighth
Of the year.
The Tigers administered their
third straight beating to the Wash
ington Senators, 3 to 2. Four-hit
pitching by Yves Terrell resulted in
a 7-to-O shutout victory for Cleve-
land over the tail-end Red SoX.
PhiIs, Pirates Split
In the National League, the Car
dinals replaced Brooklyn in fifth
position by trouncing the Dodgers,
5 to 3. The leading Pirates split
a double header with the Phillies.
The Pirates took the opener, to 2,
but dropped with the nightcap, 8
to 5, in eleven innings.
Bill Swift pitched the first game
for the Pirates, gaining his tenth
victory of the season. 1t was his
seventh win in a row. In the sec
ond Tuesday pitcher Collins of the
Pills tripled in the eleventh and
scored the winning run on Bartells
single. Chuck Klein poled his
twenty-ninth homer in the night
cap.
The runner-up Chicago Cubs
gained half a game on Pittsburgh
by nosing out the Giants, 5 TO a,
as Lonnie Warneke scored his four
tenth victory for Chicago. Boston
BANKED the Cincinnati Reds, to 0,
when Ed Brandt downed Red Lucas
in a pitching duel
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20
Praises Team

BIZ United Press
7 Os ANGELES, July 2O.-Al-
Il though weak in distance
runs and in fencing talent.
Americas Olympic team is
probably the strongest it has
been in years, Avery Brundage,
president of the United States
Olympics committee, declared
today
The national head of Amer
ica's high athletic commission
said never before has the
United States had such
strength on field and track. He
praised the pole vaulters, wres-
tiers, weight filters and high
jumpers particularly, and held
out hopes for success in rowing
and yachting.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20

A N injury TO Lloyd Waner
L a brought Adam Comorosky of
of the Pittsburgh Pirate be- 9h
and the former Indianapolis idol
has been performing in marvel
Gus style in the field and hitting
the sphere in timely spots He
is holding down the middle pas
ture for the National League pace
settlers.
Adam collected six hits last
Saturday in double header and
turned in several sparkling plays.
When L. Waner RECEIVERS, Man
ager Gibson will face a problem
now that Generously has staged a
comeback. 1t will be tough to send
the aggressive Pole back to the
bench.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20

gram at 500 South Meridian street,
tonight, starting at $50.
Action is expected by Matchmaker
Gardner in the supporting card.
Onie Gaheimer, Shelbyville, and
Jimmy Goodman, lightweight, will
mix over the six-round route, while
in four-round melees Jimmy Shan
non, featherweight, i face Young
Helm of Cincinnati, and Pug Miller,
Cincinnati heavyweight, will oppose
Pat Kinney.
officials have been named as fol-
lows: Heze Clark, referee; Walter
Williams and Billy Shine, judges,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20

Bouts Billed

Johnny Terry, Cincinnati light
weight. will battle Eddie Smith,
Muncie youngster, and Henry Hook,
Elwood bantamWeight, will meet
Sammy Sweet, 116-pounder from
Newport, KY, in the two-eight-
round scraps comprising the double
wind-up on the oper air mitt pro-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20
CLINTON LEGION CHAMP

BIZ Times Special
CRAWFORDSvILLE, Ind, July
20.-Clinton won the Sixth district
American Legion baseball tourna-
ment here Tuesday, defeating Terre
Haute in the final contest, to 6.
In the semi-f1nals Clinton whipped
Charlottesville, 2 to l, and Terre
Haute eliminated Montezuma, 8 to 4.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20
Griffith and
RiSko in Bout
BIZ United Press

BB United Press
CLEVELAND, July 20.-Johnny
Risko, the Cleveland baker boy"
who returned to prominence in
heavyweight circles by defeating
Mickey Walker recently. has been
signed to meet fluffy Griffith, Chi
cago, in Municipal stadium here,
Aug. l, it was announced today by
promoter Tom McGinty.
The heavies have met in three
previous fights, with Griffith win
ming the decision in each event.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20

Billy. the Fargo Express" had done
the job twice.
frankie had comparatively easy
going after the third round. He
floored the Hartford slugger for an
eight-count in the fourth, the only
knockdown of the fight.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20
Young Petrolle
Beats Battler

By United Press
NEW YORK, July 20.-Bat Bat
talino former featherweight cham
pion, suffered his fourth defeat at
the hands of the Petrolle family last
night when frankie Petrolle gained
a ten-round decision over him.
frankie had beaten Bat once be-
fore and Frankie's older brother
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20
sTRANGLER LEWIS WINS
Bp Times Speeial

% y a fHtto ENtLANh
NEW YORK, July 20-Ed Strang-
Ter Lewis of Los Angeles, who claims
the world heavyweight crown. tossed
Sander Szabo, Hungarian wrestler,
in twenty-one minutes at the
Coliseum here Tuesday night.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20
The Truth about
WHITE OWL CIGARS
If you enjoy good cigar read this frank statement Of facts

1HE executives of the General Cigar Co.,
Inc, early in 1881 met to consider what
was the most important step the company
had ever been asked to take
1t was proposed to reduce the price of
the White Owl cigar, which for fourteen
years had sold at 7 cents, and up, to 5 cents.
The price reduction was to be made
without decreasing the size of the cigar, or
changing the tobacco in it. In blunt terms,
the proposal meant selling at cents the
identical cigar which was then being bought
by millions at higher price.
10 speak frankly, there were misgivings
among the executives of the company
justiGabe and logical misgivings.
The White Owl was long invincible
shape. It was long filler cigar; not made of
scraps and broken leaves, typical of over
size Scent cigars.
Furthermore, the tobacco in it was the
most expensive long filler leaf that this
country grows.
To market the White Owl exactly as it
was, at cents, seemed manufacturing
imposSibility
To reduce the size, or take anything out
of the quality of the cigar, was not for
minute considered
IF this were done, White Owl would be-
come merely another Scent cigar, trading
for limited time on the name, popularity,
and prestige it enjoyed at higher prices.
In the face of facts and figures of produc-
ton which said No, the executives con-
tinued to study the proposal because the
underlying principle of the General Cigar
Co., Inc, argued for the reduction.
Giving the consumer the utmost which
can be delivered at price, and still make
profit for dealer distributor, and manu-
facturer is the basic policy of the company.
It's progress and it's success have been
written In adherence to this principle.
After days of analysis of costs of produc-
tion and far-seeing forecast of results, the
cents, and still manufacture it exactly as
it was being made.
No economy in buying tobacco aided
them White Owl long filler tobacco had
been purchased two and three years before
they took this critical step.
But costs of production, of merchandise
ing, and of distributing, were cut by many
ingenious efficiencies.
The margins of profit of manufacturer
and distributor were narrowed. The dealer
was to pay more for White Owl than
standard scent brands. All were to net
less on the sale of one cigar, and gain In
creased profit through the rapid turnover
of multiplied sales.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20
AMERICAN LEAGUE

St. Louis at Philadelphia.
Chicago at New York.
Cleveland at Boston.
Detroit at Washington.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20
Major Leaders
LEADING BATTERS

HOME RUNS
Foxx. Athletics. 80 Simmons Athletics "a
Ruth. Yankees. &c Cehrig. Yankees. %
Klein PhillieS.. 90
RUNS BATTED IN
FoxX Athletics 118 Klein. PhillieS. ... 81
simmons. A thlet's "a Gehrig. Yankees. 86
Ruth. Yankees. 80
HITS
Klein. Phillies. 134 Porter. Indians 129
FoxX Athletics 1872. Waner. Pirates l29
simmons. Athlets l2o
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20
Results Yesterday
NATIONAL IEAGIE

New York .......... 800 600 O01-4 0
Chicago ............ 002 002 DOL IL Q
Fitzsimmons. Schumacher. Gibson and
Hogan; Warneke and Hartnett.
Boston ............ 100 600 100 2 l
Cincinnati .......... 900 900 600 0
Brandt and Hargrave Lucas and Lom-
bardi
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20
(First Camel

Philadelphia - 200 900 000- 2
Pittsburgh ......... 600 100 COX S III
Hansen, Dudley and Todd, v. Davis:
Swift and Grace.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20
LEAGUE
NATIONAL LEAGUE
INTERNATIONAL LEAGUE
Games Today
AMERICAN ASSOCIATION

INDIANAPOLIS al ST. Paul 1.-TWO rames)
Louisville at Minneapolis.
Columbus at Milwaukee.
Toledo at Kansas City.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20

and Ted Sullivan, state commission
representative.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20
NATIONAL LEAGuE

BROOKLYN at St Louis
New York at Chicago
Philadelphia at Pittsburgh
Boston at Cincinnati; no game: PLAYED
in double-header last Sunday.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20


TN - N0HNf
~ .
OA - &G0 ~A
u
AENIAAD
!,
Out DaSing the decision "'0St o. ""' on '@''
01fPue' 'ne executives % '"1 0ene 81 Oisai
- Nv ~ ulle' 80, u 80 VIZ 0~'O~'
TT
ma 'i'ei''''' O. Ae''"' H1 ~ nv
g. oei''0 VIZ quo ing " 1'-''lt 49,.
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4I W. 1871 l1-1I ooi 49,
Ior 600 600 -.1.
smokers VINO Smokeo w mite O"l az
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o;ao~a - - 80 naa9 ~oopo
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$50 e .f' otondanJ < aoa4 hsanJa gookaJ
al-: ~ $50. e.. $1,000 -Ao-
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Dettec t00@cc0 ~'" ten' ana Wnlre OWl
t0lo quickly 70 olScrllaina'lns SMOKERS IN
t;na &c WIZ O~,ls
TT
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~
Anouen INC Cigar iooAeo TIC same anu
J;atnSo+ ual,a r,h;oh eaenoed ;rnnoos;hla
49,, !. ~
All tne 'lne the guarantee o. Tue 0enerai
Clgar Co., Inc Dacked up rne1r statement
tnat II was the same loen'lCal w mite O"i'
DouDt cannot Stano up IN the face OF qua
V 49, ;ro W. - 49, 49, o;ran r,,h;oh
aN1J n 80 49, - = s.to o.J
Char Co., Inc can manufacture a cigar
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20

Toledo .,........ 010 005 O02- g 10 O
Kansas City ... 600 600 600 o 2
Bean and Pytlak; Thomas. Carson and
l nrdn
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-07-20

Se01tA& GSo. &>-.