davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
N(Ir<eS
". Y. Stocks
BY ELMER c. WALLER
United Press Financial Editor

Unlte0 PreSS fUlanCldi EultOI
NEW YORK. June "a. ;U.Pj-Se-
lective buying in individual issues
featured the short session on the
stock exchange today.
Gains of | to more than points
were made in numerous special is
sues. while the recognized leaders
in all divisions were quiet with pri-
ces irregular.
Bonds advanced in most sections.
Notably the rails. Commodities
firmed up as the dollar declined in
relation to European currencies
Wheat rose a cent, while cotton was
up several points.
Toward the close of the stock
market volume increased on short
covering by bears who were unWill-
ing to risk favorable news for the
market over the weekend. Automo-
bile shares bounded up in the late
! trading.
Individual issues were bid up in
many sections. The steel shares
were higher. U. S. Steel firmed up
above 81 near the close after lag
cling behind the previous close ear
lier in the day. Bethlehem made a
new high.
Textile issues were buoyant most
of the session The rayoH stocks
made wide gains on recent price adj
Vances in rayon. Carpet stocks were
bid up, Collins & Altman making
a new high. American Wooden COM
mon and preferred met good de-
mand
Chrysler met considerable pro-
fit-taking in the early Dealings 1t
tirmed up toward the close, While
General Motors approached its high
for the year and Auburn made a
fractional gain.
Firmness in grains with wheat at
new highs brought buying into the
farm equipments and mail order
shares, although the latter easeo
off late in the session.
Oils were firm. Chemicals made
gains as did gold mining issues.
Railroad stocks failed to profit
by the car loadings showing which
was stimulant for the railroad
bonds. Small losses were noted II
such stocks as Union Pacific, ano
Southern Pacific. Utilities were
quiet with prices about steady. Am
erican Telephone eased off slightly
in the communications. Copper;
were steady.
Stocks sales totaled 100000
shares, against 100000 last Sat-
urday, and 2,787,000 two weeks ago
Curb sales totaled 100000 shares
against 247,000 last week.
Dow Jones preliminary averages
industrial 1857, up OLA; railroad
44.48 off 0.08; utility 34.55 off OFT
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
BRIEF NEWS FROM MELOLAND

and Mr.. and Mrs. Weeth, those in
Guided were Mr.. and Mrs. j. R..
Kinnaird Mr.. and Mrs. Claude
Suite, Mr.. and Mrs. Ed Boyd and
Mr.. and Mrs. Ebert Newton.
The Meloland summer bridge
club met Wednesday at the home
of Mrs. Ward McGrew, where a
delicious pot luck luncheon was en-
ioyed followed by an afternoon Of
cards.
At bridge, Mrs. R. Neifert won
first prize and Mrs. Ward McGrew,
second.
Those present were Mesdames
Arthur Farley, Waldo Weeth, Ell
bert Newton, c.. C. Richards. r.
Neifert, James Perduyn, Merle
Hartsock, and Ward McGrew.
The next meeting will be next
week at the home of Mrs. Ebert
Newton.
Mrs. Richard Merrill accompani-
ed Mr.. and Mrs. Carl Pendley to
Brawley Saturday where they
spent the day with the Pendleys
daughter, and husband, Mr.. and
Mrs. Walter James. A delicious
luncheon was enjoyed at noon.
Mrs. H. A. Wells of Rositas Dam
spent the day recently at the home
of Mrs. A. c. williams in Imperial
enjoying delightful luncheon
with her.
Mr.. and Mrs. Alex Meyer and two
daughters, Muriel and Beverly anc
Mrs. Meyers two sisters, Helen anc
Cecile, motored to Live Oak
Springs Saturday night. to spenc
the night. Sunday they went tt
San Diego to visit Mrs. Meyer
mother, Mrs. Rumsey. They re
| turned Sunday evening.
Mr. and Mrs. Will Meyer motorec
to Live Oaks Springs Saturda!
evening, remaining until Tuesday
Mrs. w. j. Gregg and daughter
Virginia. left last week TO" Ii
Verne to spend the summer.
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
ASKS
VIEWPOINT ON
STORE CLOSING

Suggestion has been made to the
Ell Centre Chamber of Commerce
for the closing of stores at noon on
Saturday during the midsummer
months. The plan which has been
put forward by one group of local
merchants is to have all stores re-
main open on Friday nights until
nine O'Clock and to close at noon
on Saturday from July Is to Sep
TENDER 9, inclusive. If this plan
were approved the cantaloupe and
watermelon growers and shippers
would be asked to meet their pay
rolls on Friday noon in order that
employees could take advantage of
the Friday night opening Of stores
for shopping.
The chamber directors have TAX
Ell no action on this matter until
business houses generally have eX-
pressed their opinion of the plan
Robert Hays, manager of the local
chamber, requests that retail mer-
chants telephone to chamber head
quarters their reactions to this Sug-
geStion in order that it may be as
certained whether or not it would
meet with popular approval.
1t has been the custom in past
years for merchants to close their
stores during the warm weather at
o'clock Saturday evening. During
some summers l o'clock closing
has been approved during August
This new plan has the advantage
of permitting the public to do the
weekly shopping on Friday nights
when they cannot get an oppor-
tunity to shop during the day
hours, and would give store en-
ployees an opportunity to have Sat
urday afternoons free. The spon-
sors of the plan are of the opin-
ion that, by remaining open Fri
day night until o'clock, there
would be no decrease in the amount
of sales such as would be felt will,
a Saturday noon closing and nc
stores open Friday night.
Immediately upon getting the
| opinions of the individual mer-
chants of the city, Hays states the
local chamber will notify business
men as to the reaction on this sug-
gestion and further plans will be
made.
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
By MRS. WARD McGREW
Press Staff Correspondent

Mr.. and Mrs. Merle Hartsock
entertained last Friday evening in
celebration of their fifth wedding
anniversary and also in honor of
the fifth wedding anniversary of
Mr.. and Mrs. Waldo Weeth.
Both Mr.. and Mrs Hartsock and
Mr. and Mrs. Weeth were presented
lovely gifts in honor of the occa-
sion.
A delicious dinner was served
followed by an evening of bridge.
When scores were added, Waldo
Weeth was given first choice of
the prizes, Mrs. Claude Suttle,
second, and the others each re-
ceived prizes according to their
scores.
Besides Mr.. and Mrs. Hartsock
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
L. A. Stocks

LOS ANGELES, June "a W.P)-
Oil issues led quiet, and at times ir-
regular activity on the Los Angeles
stock exchange today.
Most of the trading was con-
fined to oils where modest gains
were recorded in a majority of the
issues sold.
Transamerica again led the board
with turnover of 1900 at Ia, I'M
changed.
Hancock Oil reached new high
for the year when 700 issues sold
at 8, up y.
Bolsa Chica traded 600 at a. I'M
changed; Pacific Western IS turn
over of 600 was made at 600. up y;
Richfield common traded 500 at
is, down Is; Standard Oil of CAL
ifornia sold 300 at 3512 up Is; I'm
ION Oil of California traded 400 at
1885, up Is.
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24

average, $3l5-32O, some high as
$685..
Eastern cantaloupe market-Chi-
cago, arrivals two Arizona and 80
California. Demand slow, market
steady, Imperial Valley standard
ass, $2.75-3, few higher, poor
grades as low as $3.50.
New York: Arrivals 33 cars, 26
California. Demand good, market
steady Imperial Valley standard
ASS, $2.50-3.25.
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
EXCHANGE

FOR SALE or TRADE-for young
stock, DeLaval milking machine,
Al condition. Will install. See
j. N. Bacon, miles Southwest
of Ell Centre or y mile west of
LYONS Crossing. 24t3
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
L. A. Butter & Eggs
L. A. Hay

LOS ANGELES, June %. U.H -
A light, steady demand prevailed
at Los Angeles alfalfa markets to-
day for moderate offerings, while
prices on all grades remained I'M
changed.
Alfalfa comparable to U. S. No.
was quoted at $11 to $11.50. U.
S. No. leafy $1,000 to Sill; U. S.
No. 2, $40 to $11.50; and lower
grades at $3.50 to $40 per ton de-
liyered.
Receipts were equivalent to SO truck
loads and one railroad car.
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
CATCH AS CATCH CAN

CATCH AS CATCH CAN
Some folks use the old "rastlin"
rule in the care of their car. This
month Bill greases, next month
Joe gets it. Neither Bill nor Joe
puts any heart into the job be-
cause he knows that no matter
how good his work he is not likely
to get return job soon. And eth
er may slight his work knowing
that no failure can be laid at his
door since others had also worked
on the car. Why not give the job
regularly to one or the other and
demand a guaranteed job such as
you can get from Safety Corner.
Ii you have not been entirely sat-
isfied bring it to us.
Safety Corner Service Station
Fourth and Olive
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
Farm, Bureau Notes

McCabe- Eucalyptus farm center
enjoyed an unusual meeting last
night which was largely in the
charge Of the farm home depart
ment women who at this time
awarded the tea table made by
them to Mrs. A. H. McRae.
During the year when the women
worked on homemade equipment at
their meetings, an extra tea wagon
was ordered and it was decided to
sell it to raise funds for the depart
;nent. John Frohly finished it for
the women and it was presented to
Mrs. McRae last night.
In addition a number of the
women modelled the attractive
dresses made by them for the
countrywide dress revue.
H. Lee Landerman, assistant farm
advisor, was the speaker of the
evening, taxing On field crop i'm
provements. Evan T. Hewes, pres
ident of the farm bureau and mem
Der of the center, presided at the
meeting in the absence of Director
Dan Green.
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
SPECIAL NOTICES
AUTOMOBILES FOR SALE

STUDEBAKER straight eight Sc
dan. Excellent running order.
.... Good rubber 100000. Also Chew
rolet sport roadster. 5 new tires
and wire wheels. Waltham 8-day
clock, wind wings, coopette top,
etc, $250.00. Terms. Wilson Ma
cvhine Shop Phone 40. 24tf
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
WANTED MISCELLANEOUS

WANTED = Sound. we'll broken,
quiet horse, age years, weight
1900 lbs. Zinn's Auction Office.
22t3
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
LOST
Evans Defeats
Eddie Murdock

SAN DIEGO, June "a. UP
Jimmy Evans, Vallejo middleweight,
was awarded a referees decision
after boxing 10 rounds with Eddie
Murdoch, Tulsa, Okla, here last
night The decision was unpop-
ular. Evans weighed 152 and Muir
dock 157.
Richie Thomas, 1913. of Los An
geles, was stopped by a technical
knockout in the second round of a
scheduled six round bout with
Husky Velasco, 12l, of San Diego.
Alfalfa in the Carson valley, Ne
vada, fortified with manure and
phoSphates was much higher in
lime and phosphate than that from
the plot which received only ma
nure.
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24

NEUTRALITY-SUSPICIOUS. trees to cut;
cash per cord on stump or share
of wood. Name terms. Address
Press Box 922. 22t6
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
TRACTORS FOR SALE

FOR SALES H. p. garden tractor
with Aft. mower attachment for
sale for charges of $4,000. Wilson
Machine Shop. 23tf
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
Lodge Directory
Ell Centre Lodge No. 773
Loyal Order of Moose

Every Wednesday-131 So. 9Th st,
G. E. KIRKPATRICK, Dictator
r. F. BEVENS, Secretary
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
SITUATIONS WANTED

Milking job by good
mixer. Come and get me. 400
Commercial. 22t4
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
FOR RENT HOUSES

FOR RENT-Furnished house with
Frigidaire. 727 No. 10 st. 23t3
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
Professional

} J. ID. FOSS
PUBLIC ACCOUNTANT
485 Brighton Ave. Phone 1888
Auditing, Income Tax, Bookkeeping
Associated with
r. ID. CRENSHAW & CO.
Certified Public Accountants
SANTA ANA LOS ANGELES
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
ROOMS AND APARTMENTS

FOR RENT-Furnished apartment,
gas and bath. 856 Euclid. 24t3
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24

FOR RENT-Small duplex bunga-
low apartment, screen sleeping
room, close in, $4,000 for July and
august. Apply TAG Olive. 22tf
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
POULTRY FOR SALE

3 LIB. CHICKENS dressed ready
for the skillet, 60c each. Also
dressed rabbits 40c each. Leave
orders at $50 Maple Ave. Ell Cen
tro. 23t3
WHITE LEGHORNS, two days old,
7c; 400 two-weeks-old, lie. Four
miles west on San Diego highway
to Date Ranch, y mile north, 4
mile west. w. H. Meserol. 21t4
FOR SALE-White Pekin ducklings
10c each, white Muscovey duck
lings zoe each. Young ducks, 4 to
6 lbs, 15c lb. alive, 18c dressed.
West Main across first canal, 2
blocks south, turn west, End house
ST
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24

FOR SALE-Good restaurant, with
fountain, we'll located in Ell Gen.
tro. Best fountain business in
city. Small down payment, bal
ance monthly. Inquire 538 Main
st. 21t6
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
TYPEWRITERS
BUSINESS OPPORTUNITIES

Man with small amount
of money as a partner in a
business in Ell Centre. P. o. Box
ga. 17t6
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
L. A. Banks

Bid Asked
TranSamerica ...,...........-...... rs ia
Security First Natl. 40 40A
Imperial Valley press. (El Centro, Calif.) 1907-current, 1933-06-24
HORSES
HAVE
NALS/

lN1AAI PORTION OF THE HOE
THAT LIES DIRECTLY ABOVE a
HORSES HIPS IS FOUND A
lESER OF PROTECTIVE MATERIAL
KNOWN As NE SAEZL ~. HENCE
THE COMMERCIAL USE OF THE
TERN STILL HO2SEHlz2E.
Evening star., 1933-09-17
Bailey Flees and Is Captured.
Trade Cooperation Sought.

Salvador Is attempting to enact a new
law authorizing business cooperation
projects.
Evening star., 1933-10-25

designed and made by one reliable com.
pany-General Electric. You have such
exclusive features as the steei boiler COM
Evening star., 1933-10-25
BANK LIQUIDATION
PLANS ARE PUSHED
State Appraisal Committees
to Be Set Up Soon in Fifth
Federal Reserve.

State Appraisal Committees will be
set up soon by State chairmen of the
new leposit Liquidation Committee Of
the fifth Federal Reserve district.
Appointment Of these State Commit
tees will be the first important step to
be taken by the State chairmen follow
ing a meeting yesterday OF the Fifth
District Committee, at Riggs National
Bank, under the general chairmanship
Of Robert v. Fleming.
Pointing out that the committee is
authorized to appraise only the assets
Of banks placed in the hands Of re-
ceivers since January l.. 1888. state.
that date, which have not yet been re-
those banks eligible under the plan
sponsored by the Deposit Liquidation
Board in order that a greater volume
Of deposits could be released"
The State Committees hrst will es-
tablish contact with receivers Of State
banks only, it was explained, as ma
tional banks being under the juriSdic-
ton Of the controller Of the currency, In
many cases already are preparing ap-
plications for loans for his approval.
The meeting yesterday, however, re-
suited in no change in the operation of
the local District Of Columbia Lquida-
ton Committee, which had been ap-
pointed previously and has already
Commercial National Bank, the only
institution now available for new loans
under the liquidation boards policies.
Hilleary G. Hoskinson, vice president
of Riggs National Bank. Is chairman of
the local committee There Is q pos
sibility that later on, the four banks
placed in receivership prior to Janu-
ary I, 1888, may become eligible
Throughout the NTH district. state
ment by the District Committee said,
"a further review Of applications for
loans to closed national banks, how
ever, may be made by the State Ap-
praisal Committees. BY this method
the applications Of receivers of both
State and national banks may be re-
viewed by these Appraisal Committees
and the Presidents policy Of having
these appraisals made with the great
est possible speed will be effectuated.
At the meeting were Mr.. Fleming,
Committee for the fifth Federal Re-
serve district; A. L. Virgins of Harts-
vile, S. c., chairman for South Caro-
lima; w. H. Neal, representing r. N.
Hanes Of Winston Salem, N. c., chair
man for North Carolina; c. M Cohen
of Huntington, W. Va, chairman for
that part of West Virginia in the
fifth Federal Reserve district: Julien
H. Hill of Richmond, Va, chairman
for Virginia; L. w. Bishop Of Rich
mond, Va; Hayward e. Boyce of
Baltimore, chairman for Maryland;
Mrs. Hoskinson, J. r. MCMILLAN OF
this city, assistant to the chairman
for the nth district, and r. B. Hays,
assistant to the chairman Of the
Deposit Liquidation Board.
Evening star., 1933-10-25
JOHNSON IGNORING
TEXTILE CODE PLEA
Silk Industry's Effort to In
crease Minimum Wage
FruitIeSs So Far.
By the Associated Press.

By the Associated Press.
The textile code Is a closed issue, 50
far as Gen. Hugh s. johnson, admins
traitor of the N. r. A., Is concerned.
Replying to questions as to the pos
Sibility of favorable action on requests
of the silk industry that the minimum
wage provisions for silk and rayon be
raised to put the two products on a
competitive parity above cotton, the
general said the code would be re-
opened "only over my dead body"
Last Friday Gen. johnson received a
report from George A. Sloane, chairman
OF the Cotton Textile Institute, that the
industry Is prospering under its code
that pay rolls have increased and that
many additional persons had been en-
ployed and were happy at their work.
Silk manufacturers and labor leaders
have insisted the minimum provided in
the three textile codes-$12 in the
South and $13 in the North-must be
raised for silk and competitive branches
Of rayon.
Northern manufacturers have agreed
that If the administration will assure
them that a base wage Of $22 will be
established for the entire silk industry
and competitive rayon fabrics. they will
maintain IS diderential above that
figure, paying Northern weavers an
average Of $27 q week.
The administrator said he had been
informed the average wage now paid
weavers in the South was $21 AT a week
and he felt certain the administration
could assure Northern manufacturers
their proposal could be met.
Evening star., 1933-10-25
POLITICS DANGER
TO MONEY PLAN
Princeton Research Expert
Sees Runaway Imitation
Fate of Control.
BY the Associated Press.

NEW YORK, October 25.-The New
York Times publishes a statement by
Edwin Walter Kemmerer, research pro-
fessor Of international finance at Prince
ton University, in which he warns
against the danger that "a highly
managed currency will founder on the
rocks Of politics"
Although inconvertible paper cur
rencies have occasionally been main
tanned at q fairly stable value for
moderate periods Of time" ne says,
sooner or later they have practically
always broken from control and ended
in q runaway imitation"
Known as "Money Doctor"
Prof. Kemmerer, who has become
known as "the money doctor" through
his efforts to assist various countries in
establishing stable monetary systems,
indorses as q wise move the Govern
ment's decision to buy and sell gold as
q means Of controlling the value Of the
paper dollar. He declares the public
should not be ''unduly scared" by the
term managed currency"
"All currencies in recent years have
been more or less managed" he says,
"even the gold standard currencies
themselves. over which moderate
amount Of management Is commonly
effected through open market operations,
variations in the discount rates of cen
trail banks and other central bank
devices"
Permanent Dollar Question.
But he takes issue with the President S
statement that no one could tell what
the permanent value o. the dollar will
be and asserts that Mr.. Roosevelt's an
nouncenent of last Sunday gives no
important questions relating to the
particular price level which the Govern
ment will undertake to establish and
the plans that will be adopted for at
tanning and maintaining whatever price
level Is determined on.
With respect to the Presidents state
ment that no one could tell Just what
the permanent valuation Of the dollar
will be, Prof. Kemmerer says:
If this statement is true today, 1t will
likewise be true at any time in the
future.
There Is no such thing as the fire.
quently acclaimed natural value for q
paper money standard dollar"
Evening star., 1933-10-25
FROZEN DEPOSITS
CUT TO | PER CENT
Figure includes Those Bank
Whose Future Is Unde-
termined by Treasury.
Frozen deposits In all national bank:

Frozen deposits In all national banks
whose future status was undetermined
on October 16 amounted to only 1.203
per cent Of the total Of all deposits in
national banks throughout the United
States. according to Controller Of the
Currency O'Connor.
The banks whose status was unde-
termined included those with disap-
proved reorganization plans, those with
reorganization plans under constdere-
ton and those with no reorganization
plans.
As Of October IS, O'Connor said,
there were 5,048 licensed national banks
having total deposits at the June 80
CALI of $17,028, AL 900. At the same
time there were ITO unlicensed national
banks with frozen deposits Of $62l, ,132,-
900 and unrestricted deposits Of s46,-
$4,000. The aggregate Of these deposits
Is sl7696, $50, 900.
OF the ITO unlicensed national banks,
381, with frozen deposits Of $408, 124 900
and unrestricted deposits Of $50, ,T95, 900,
had their organization plans approved
by the controller by October Is: 233
banks, with frozen deposits Of Sill ,007,-
900 and unrestricted deposits Of 1885,
900, had their reorganization plans dis
approved; II banks, with $7l,834,00o
frozen and $6,847 900 unrestricted de-
posits, had reorganization plans under
Consideration, and 19 banks, with $780,
$4,000 frozen and $679O00 unreStric.ed
deposits. had no reorganization plans.
Evening star., 1933-10-25
N. R. A. IS GREATEST
SUCCESS, SAYS M0LEY
Economic Move Needs No Defense
in Opinion Of Former State
Department Official.
BY the Associated Press.

BY the Associated Press.
NEW YORK, October 25.-The N. r.
A., declared Raymond Moley yesterday,
Is q success beyond the fOndeSt dreams
Of those who advocated It,"
The former Assistant Secretary OF
told Barnard College students that'"lt Is
not necessary to defend the N. R. A..
even though criticism can be heard
1T is the greatest common ef1ort
ever made to think and act as a unit
in the restoration Of the economic life
Of the Nation. What I thiDk is most
essential is that 1t Is not merely
means of recovery, as some timid con-
servatives would have it, but it Is q
means to ends long advocated by the
progressive people of the country"
The recovery program, Moley said,
has within 1t "the possibilities Of en-
larging the area Of social justice through
improving working conditions and work.
ing hours and in giving to the bulk OF
those engaged in industry fair share
Of what they so vastly' contribute in
earning power"
Evening star., 1933-10-25
N. r. A. Today
Agencies Planned to Decide
Consumer Complaints
iii Communities.
BY the Associated Press.

BY the Associated Press.
Today:
National Recovery Administration
works on program to establish agen-
cies in communities to weigh con-
sumer complaints.
Yesterday:
Hugh s. johnson reported the buy
ing campaign to be progressing we'll.
American and Canadian newsprtnt
producers met to work out voluntary
price agreement.
President Roosevelt authorized the
National Recovery Administration to
investigate complaints against cheap
foreign imports in q movement 10
protect American industry operating
under codes.
President Roosevelt promulgated
codes on plumbago crucible, steel
tubular and firebox boiler industries
and industrial supplies and distributors
trade.
Gen. johnson denied farm opposition
caused National Recovery Administra-
ton withdrawal from small towns.