davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-06-13
BY CHAS. p. SHAEFFER,
Associated Press stan Writer.

One of the most important chapters
in Americas financial history was writ
ten in 1918, when, on December 23,
the Federal Reserve act was approved,
establishing the Federal Reserve Sys-
tenn and providing for an elastic cur
rency in the form of Federal Reserve
notes.
Federal Reserve notes are issued at
the discretion of the Federal Reserve
Board. through the Federal Reserve
agents, for the purpose of making ad-
vances to Federal Reserve Banks to
supply currency requirements.
Any Federal Reserve Bank requir-
ing additional notes makes APPLICATION
therefor to its Federal Reserve agent,
who Is a representative Of the Federal
Reserve Board. Such application must
be accompanied by a tender of col
lateral In amount equal to the sum of
the Federal Reserve notes applied for.
This collateral is then designated as
Evening star., 1933-06-13
BOND PRICES RISE
IN ACTIVE TRADING
Southern Railway 612s Set
New Peak for Year.
Utilities Strong.
BY JOHN A. CRONE.
Special Dispatch to The Star.

epecial Dispatch to The Star.
NEW YORK, June 13.-Bonds today
broke through the narrow price range
that marked trading in the first hour
and moved higher under the leadership
of the second-grade rails and specula-
tive public utilities.
In the second-grade rails such issues
as Southern Railway 61as sold at a
new peak for the year. In the third
grade division Denver, Rio Grande &
Western IS of 1855 and Chicago, In
1danapolis e. Louisville SIS of 1866 were
the first to attain new high levels,
though st. Paul adjustments and issues
of that type came in many instances
within small fractions of their best
levels.
Volume Increases.
Volume in the first hour was almost
twice that of the preceding session,
though trading in United States Gov
ernments did not show an equal
rate of acceleration.
One outstanding feature was the
switching from the foreign governments
selling under so into long-term public
utility debentures. Maturities of 100
years or longer in the power and light
list that were favored were. for the
most part, of domestic corporations.
Virtually all of this foreign loan pub
lie utility debenture switching eman-
ated from some of the larger invest
ment trusts in this city and Boston.
Curiously enough, the high-grade pub
lie utilities ranged from firm to higher.
American Telephone & Telegraph con-
vertible AIS reached a new high for
the year.
Metal Issues Improve.
Local fractions turned especially
strong In the second hour. when sew
eral Of the Interborough securities
scored new peak prices.
Metal bonds that did better includ-
ed American Smelling & Refining S.
st. Joseph Lead SIS and Youngstown
Sheet a. Tube IS of 1878, series A. An
exception to this trend was National
Steel SIS of 1856.
Softness cropped out again in the
German Agricultural Land Bank loans:
italian, issues, both government and
cities, for time were easier.
With volume running more than so
per cent greater than in the afternoon
of the preceding session, both in total
transactions and in United States Gov
ernment issues, the market steadily
strengthened until late in the final
hour, when some offerings of the more
widely fiuctuating securities came out.
Soften Near Close.
st. Paul adjustments, Allegheny Cor
poration convertible IS of 1949, Amer
lean g. Foreign Power SIS OF 2030, and
Southern Railway general As softened
near the close. Detroit Edison IS OF
1852, series E, were down more than a
point.
United States Governments, however,
remained steady to firm New York
Central refunding 41as, Southern Pacific
AIS of 1868 and International Cement |
convertible IS of 1948, the latter at a
new peak, hardened in final transac-
tions.
Strength of various Berlin obligations |
was a feature of afternoon dealings in |
the foreign division. Brazilian govern |
ment, state and city bonds, along with |
Chilean and Paraguayan issues, were |
bid up to new high levels.
Copyright, 1889
Evening star., 1933-06-13
Markets at a Glance
By the Associated Press.

By the Associated Press
NEW YORK, June 13.-Stocks
heavy; industrials leaders react. Bonds
steady; U. S. Governments firm. Curb
irregular; utilities firm. Foreign ex-
changes easy; dollar improves slightly.
Cotton steady; lower cables; beneficial
rains Texas. Sugar easy; commission
house selling. Coffee higher; European
buying.
CHICAGO, June 13 CP.-Wheat
lower; increased selling pressure. Corn
easy; liberal receipts. Cattle steady to
70 lower; heavy supply. Hogs steady;
top, $4.85.
Evening star., 1933-06-13
TRUST BOARD
BACKS NEW BANK PLANS
Special Dispatch to The Star.
BALTIMORE June IL

Special Dispatch to The Star.
Of the Baltimore National Bank, q
100000 institution, to succeed the
Baltimore Trust Co., including payment
of 10 per cent of the present frozen
deposits in the trust company, has been
approved by directors Of the old in
stitution.
The agreement Is made possible by q
loan OF $3,454 900 from the Recon-
struction Finance Corporation, and its
plan to purchase preferred stock of the
new national bank up to $1,500,0
The 10 per cent payment to de-
positors will be made available for
checking from the new bank, and the
remaining 80 per cent will be in the
form Of certificates of beneficial inter-
est, payable at maturity.
Evening star., 1933-06-13

CHICAGO, June 13 CP Omitted
States Department Of Agriculture) -
Potatoes-Receipts, 70 carloads, on
track 232; total United States ship
ments, 583. New stock, slightly stronger,
trading moderate, supplies moderate; !;
Alabama and Louisiana Bliss tri-
umphs, 2.15a2.35; decayed, 2.00a2. 10;
Texas triumphs, mostly ass; few
higher; North Carolina, barrell, Cob
blers, 3.00a3.25; mostly, 3.10a3. 20; old
stock firm; trading light; supplies mod
crate; Wisconsin round whites and
Michigan russet rurals, 85a1 90; Idaho
russets, few sales, I.65.
Evening star., 1933-06-13
Less Cottonseed Crushed.

Cottonseed crushed in the 10-month
period, Aug. to May 81, was reported
today by the Census Bureau to have
aggregated 4,286,077 tons, compared
with 5,I24,1S tons for the same pc
riod a year ago, and cottonseed on
hand at mills May 81 was 447, 1894 tons,
compared with 400,375 tons year ago.
Evening star., 1933-06-13
U. S. TREASURY CERTIFICATES
SHORT-TERM SECURITIES.

(Reported by Chas. D. Barney & Coz
Bid. Offer.
Allis-Chalmers Co. IS 1887. s6 S8ss
American Beet Sugar 6s 1895 6eA 10
Amer Tel. e. Tel. 5las 1943. 100 106H
Am. Wat Wks. & El. 5s 1884 93H 95
Belding Hemingway 6s 1885,. S6h S9M
Bethlehem Steel Co. 5s 1896 95 95h
California Packing 5s 1910. SO S6A
essaaiaP esss oSE Ey Kvy e: 1s issS 1851 s5 l s
Chi. Northwest. Ry. 6las 1896 6S 71h
Chicago Rock Island As 1884 2SA 2S1a
Colorado a. So. Ry. 4hs 1895 S4A S5
Commercial Credit 5has 1885. 97A 9S
Delaware g. Hudson 5s 1885. ..... 96L
Den. & Rio Grande 4as 1895 bs 52H
Edison Elec. Illum. As 1899. 100h 10lN
Gen. Petroleum Corp. 5s 1910 1023a 1924
Gen. Public Service 5Hs 1899 50 SIS
Grand Trunk Canada 6s 1896 100b 10l
Great Northern Ry. rs 1896. II 7S
Illinois Cent r. R. Gas 1896 S3A S734
Keystone Telephone 5s 1895. 80 677s
Laclede Gas Light 5s 1894. 30 0Oss
Lake Erie & w. r. r. 5s 1897 81 "A
Louisville & Nashville 5s 1897 101L log
New York Cent. g. II. As 1894 S0h az
N. ". Chi. & st. L. is 1897. 1914 SO
Northwest. Telep. 41as 1884. Seia IOOA
Penna R. r. Co. Gas 1885,. 103 1O3&
Portland Gen. Elec. IS 1885. esh 90
ssiIeIsir oens, On 90; d 1887 ssSSh lS9
Union Oil Co, Calf. IS 1885. 100ss 49,,
Virginia Ry. & Power IS 1884 100A 101A
Wabash Rwy. Co. 5s 1fvoS.S. 81 80
Evening star., 1933-06-13
METAL MARKET.

NEW YORK, June IS CP.-Copper,
quiet; electrolytic, spot and future, 8.
Tin, firm; spot and nearby, 45.75; fu-
ture, $500. Iron, quiet, unchanged.
Lead, steady; spot New York, 4.20; East
st. Louis, 4.05. Zinc, steady; East st.
Louis spot and future, 4.32. Antimony,
spot, CTS.
Evening star., 1933-06-13
More Fur Coats Sold.

NEW YORK, June 13 R.-Increas-
ing activity In the purchase of fur
coats for August sales is reported.
Price rises Of 5 to Is per cent or more
are being quoted on finished mer-
chandise, following recent advances Of
up to Is per cent on the skins.
Evening star., 1933-06-13
MONEY MARKET.

NEW YORK, June 13 OP.-Call
money steady, per cent all day.
Time loans steady; 5000 days, 1; 4
months, 1-1A; 5-6 months, LIZ per
cent.
Prime commercial paper, tx.
Bankers acceptances unchanged.
Evening star., 1933-06-13
Chicago Grain
By the Associated Press.

By the Associated Press.
CHICAGO, June 13.-New record
high prices for wheat and rye dis
tinguished late trading today, but met
with increased selling and declines en-
sued.
Advances In securities were largely
responsible for the transient upturn of
grains. Numerous unfavorable crop
reports, notably from South Dakota,
were also bullish factor.
Wheat closed nervous, %aA under
yesterdays finish; corn also %a% down,
oats &ass of, and provisions varying
from 5 cents decline to a rise of is
cents.
Evening star., 1933-06-13
New York Cotton
Dispatch to The star.

Special Dispatch to The Star.
NEW YORK, June 13.-After recov-
ering to high prices of yesterday, the
cotton market today again ran into
contracts and eased of to q loss of Z
to 13 points on the day. Uncertainty
over acreage reduction plans and ex-
cellent weather in the South brought
cotton on the market. Spots were re-
duced points to $40.
Evening star., 1933-06-13
FOREIGN EXCHANGE.
(Quotations furnished by w. B. Hibbs & co..
Washington Stock Exchange
SALES

Capital Traction Cos at 8, at 9, 10
at 8, 10 at 9, 10 at 9, at 9.
Washington Rwy. g. Electric pfd.-2 at
85H, 8 at 85A.
Mergenthaler linotype at 30h, 10
at 311a, 10 at 31Aa, 10 at 3l12, 80 at
31ha, so at 314.
Washington Rwy. & Electric 4s-$l 900
at 851a, $1,000 at 8512.
Evening star., 1933-06-13
RESERVE ACT OF 1913 CREATED
PRESENT u. S. MONETARY SYSTEM
Established Banking Plan and Elastic Cur
rency to Meet Changing Needs of
Business Quickly.

The tolIo,cinS Is the fourth of Q
series OF articles on the origin OF the
present currency and gold contract
system.
Evening star., 1933-06-13
CHICAGO POTATO PRICES.

(Copyright, 1933.)
Evening star., 1933-06-13
BALTIMORE STOCKS.
Last sales.

100000 United FS d Elec income -.
The Waterbury Democrat., 1933-09-26
HAVE YOU BOUGHT l ANYTHING TO-DAY?
That's Your Contribution to NRA During Buy
 Now Period

Have you bought something to- day?
 Ask yourself that question each day for the next two weeks be- cause that is your part In the MIRA program.
 All over the nation people are carrying out, their share of the great recovery program by putting back into circulation part of the increased wages made possible un- der the MIRA.
 It has been pointed out by the nations leaders that in order to make the complete circle of trade, the wage earners have to do their share by spending part of the earn ings for needed articles in order that manufacturers will continue to receive orders.
 Consumption of the manufactur- ed articles is the hope of President Roosevelt and the country's lead effects of the national recovery act. effects of the nationa recovery act: If you buy a dollars worth Of some necessity that dollar makes a complete circle. It goes to the seller who in return sends 1t back to the manufacturer for more or- ders. The manufacturer uses the dollar in the manufacture of moro articles and puts it back into the pay envelope of the wage earner. (Continued on Page 4)
The Waterbury Democrat., 1933-09-26
NEW YORK ACTS TO STOP STOCK EXCHANGE MOVE
Mayor O'Brien and Unter- myer Abandon Pro.
 posed Taxes
BY MAX BUCKINGHAM

New York, September 26 -(UP) = Abandonment of It's proposed taxes on stocks and brokers wore offered by the city today as Q last minute inducement to keep the New York Stock Exchange on this side of the Hudson.
 Alarmed at the progress made In tho contemplated transfer of the exchange either to Jersey City or Newark, and convinced that Ex- change members were not bluffing, Mayor John P. o'Brien announced he would delay signing the two tax bills effecting tho Exchange.
 His action followed the vigorous representations of Samuel Unter. myer, city financial adviser and author of the tax bills. Untermyer said he did not wish to endanger tho states income of $30.000,000 to $40. 1000 derived from stock trdnsfer taxes.
 officials of the Stock Exchange, were unprepared to state whether they would accept the offer spokesmen for tho Exchange. how ever. indicated that discard of the tax plans would terminate tho mi- grafton to New. Jersey.
 Both O'Bricn and Untermyer re. verscd themselves in agreeing to abandon the taxes. The mayor an- nounced last week that the tax measures, including taose on say. ings banks, utility and life insur-
 (Continued on Page 4.)
The Waterbury Democrat., 1933-09-26
VERMONT RATIFIES
 FIST AMENDMENT
Formal Convention Held in State T0-day-Was
 Unanimous

Montpelier. Vt. Sept 26.-(UP) Vermont today became the 24th state to ratify formal repeal of prohibition. ].
 A constitutional convention of IA delegates, all pledged to repeal, met in the senate chamber of the state house and voted unanimous ratification of the 21st (repeal) amendment. :.
 So far 31 states have voted against prohibition and 22 have notified the state department of formal ratification by state con- ventions. One state has held its convention but has not so inform ed Washington.
 On September Vermont voted 4l.1s2 to 20.714 in favor of pro- hibition repeal.
 Secretary of State Rawson c. Myrick called the convention to orr der and read the proclamation of Governor Stanley c. Wilson. The chairman of the convention was elected and the vote taken. It was tabulated and announced by the canvaesinR committee.
The Waterbury Democrat., 1933-09-26
5000 FORD PLANT
 EMPLOYES STRIKE
Chester, Pa, Branch Ali. fected-Refuse Mini.
 mum Wages

Chester, Pa, Sept 2s.-(UP)- Five thousand employees of the Ford Motor company plant here, refused to accept minimum wage of 50 cents an hour for S2.hour week, and went on strike to-day.
 They have been working 70. hours Q week with Q 50-cent mini- mum hourly wage. They were no- titled last week of the 32.hour schedule with the same minimum wage.
 The strike came unexpectedly. plans for 1t having been passed from worker to worker in a whis- per. Officials of the plant which has never before experienced any labor trouble hardly knew what was happening when the 5000 men simultaneously halted their work.
 They marched from the. build ings quietly and after circling the plant for a short time formed q line of march through the streets Of Chester.
 At the Ukranian hall, where they all gathered at the end of the march, the strikers were addressed by E. A. Rinehart of the Ameri- can Federation of Labor.
The Waterbury Democrat., 1933-09-26
RALLIES FOR DEMOCRATS ORGANIZED
First District Meeting Is Scheduled for To-
 night
10TH, 10TH, AND 9TH
 ALSO MEET TONIGHT
Rallies Start Tomorrow
 Night at North End "

Democrats of the city continued today to carry on their orsaniza- tion plans. District leaders throughout Waterbury this morn ing issued more calls for meetings of workers. Tonight the work CTS of the first district will meet at party headquarters on East Main street. The 10th district workers will also meet there while the 9th district will meet in Goodwill hall in Waterville and the 10th district will meet in the City Hall.
 Tomorrow night at party head duarters further district meetings will be held and on Thursday night tho second district workers will meet in Galiagher's hall on Laurel street and the 4th district chief ta!ns will meet at the City Hall. The 18th district workers will meet at Mulcahy school.
 Friday night tho workers of the 10th district will meet at the homo of Town Committeeman Timothy Garren on Melrose avenue and the 18th district workers will meet at the Franco American hall. Tho 14th district will hold a meeting in o'Donnell's hall on Washington street.
 The i1th district early this af- tcrnoon announced a meeting for tomorrow night at 7S3 Bank str3et. 1t was also announced that tho women of the 7th district will meet at the home of Mrs Michael Donovan on the Columbia Boule- ward Thursday evening at s o'clock.
 Tho democrats will start their series of rallies tomorrow night with a rally Ut tho North End ". Mayor Hayes and the rest of tho democratic ticket will be the speak CTS and q reception will follow at Boscos hall.
 Thursday night the Jewish Dem. ocratlc club will sponsor a huge rally nt the Waterbury Hebrew In. stitute. Friday night the French Democratic Club will conduct q rally at Franco.American hall on south Main street and on Saturday night the Greek Democratic club will hold q rally in Garden hall and the Lithuanian Democratic Club will sponsor Q gathering at 4s Green street.
 Sunday night the Italian Demo- cratic Club will hold huge gath ering in Liberty hall and the Pc. fish democrats will conduct q ral. ly in Polish hall on Bank street.
 Last night the Italian Women's Democratic club met ana laid plans for the election. They were addressed by Town Chairman John H. Crary. Alderman Charles sciuiio, president of the Mems Italian Democratic Club, and sel- ectman Domenic Barbieri.
The Waterbury Democrat., 1933-09-26
TWELVE KNOWN
 DEAD;MANY HURT IN EARTH TREMORS
Italian Towns and Portion of Jugoslavia Hard Hit
 By Quake

Rome. Sept 2s-tuP)-Reports seeping in from mountain towns showed 12 known dead and 60 in- jured in an earthquake that struck Italy and portions of Jugoslavia today.
 It was feared the casualties would prove more numerous, boz cause small towns where commu- nication is most difficult were the worst sufferers.
 Panic prevailed all through the night in a great section Of central Italy bounded, by Rome, Ancona and Pescara, in which almost the entire population camped outdoors to avoid damage from crumbling buildings.
 Chieti province was reported hardest hit, while the provinces or Auila, Tetramo and Sulmona suf- fered to less degree.
 Rome, Sept 2s-(UP)-An earth quake struck south central Italy and portions of nearby Jugoslavia and an unknown number of dead.
 Apparently the quake centered between Sulmona and Pescara in the ADTuZLl dTSd OL tuc 4tdiAdH peninsula. It was felt here, at Ma pies and at other large towns.
 First reports that there had been little damage and no casualties were succeeded by indication that the quake was one of severe in- tensity as reports came in from iso- lated mountainous villages and towns.
 An unknown number of persons were reported killed at Lama Dei Peligni and Taranto- Peiibna inn Chieti province near the center of the quake. Damage was severe.
 From Jugoslavia came reports that many persons were feared drowned between LjubiJana (Lai- bach) and ceili. in the northwest ern corner Of the kingdom.
 Torrentiai rains preceded and followed the quake in that area and the two towns were isolated. Rains aooded the lowiands.
 The perfect of chieti province or- Gspf>l relief rushed Co the stricken popuIduon at Lama Del Pelingi and Taranto-Peiibna.
 (continusd on Pare Q
The Waterbury Democrat., 1933-09-26

Kelly had been sought as the phantom bandit wanted in connec- ton with the Urschel Kidnapping in Oklahoma, the Kansas City Union Station massacre and other crimes. He was awakened at dawn when federal agents and police came to the end Of their long search at a rooming house in the Memphis suburbs.
 A patrolman pounded on Kelly's door.
 The door swung open. Kelly raised q .46 automatic.
 "Drop 1t, Kelly" the patrolman said, Tor you'll die right there."
 Kelly dropped the weapon. As 1t struck the floor. his hands rose over his head in 0 gesture or sur render.
 in the house were Mrs Kelly, J. R, Tichner, and S. E. Travis, ell of whom were arrested. Mrs Kelly. daughter of Mrs R. c. (Boss) shannon, who with her husband and stepson are defendants in the Urschel case, had been named by her stepfather, as one of the kid- napers. T..
 At the police station. she said she had been planning to leave her husband and return to aid her par ents.
 Kelly. when put in cell. was sulien. ing to Police Chief Lee. Asked about the killing of Q policeman In the recent Chicago bank messenger robbery--in which he is suspected kelly said:
 "Listen, I'm not saying any. thing"
 The story of an airplane concen' tration of federal agents that fin- ally led to tho capture of Kelly was related by federal officials hero and in Chicr
 Guided by cor tial informa. ton from the . yorld fedora agents were adS that Kelly, ir his wide tour 0, ...e niddlewest was about to go Into hiding ir Memphis. That was last Saturday
 Chicago and Oklahoma City agents, who received tho informa- ton first immediately spread the alarm to their confederates in st Louis, Kansas City and Denver. Airplanes were brought into use to rush agents to the southern city,.
 Sunday and Monday was spent In planning their trap. Kelly had gone into hiding. the agents had located him and they waited for. q propitious moment to spring the trap. It came early to-day.
 Agents said that some doubt had arisen as to the connection Kelly may have had with the staying in Chicago of Policeman Miles Gun. ningham in the mall robbery. It Is the plan of the federal government to return Kelly to Oklahoma City rather than to Chicago for ques' tioning.
 Meanwhile, Mrs Kelly announc. cd after her arrest that she was
 (Continued on Fage 4.)
The Waterbury Democrat., 1933-09-26
MRS ORA SEAMAN
 ON STAND TO-DAY
Appears in Own Defense in Urschel Abduction
 Case

Oklahoma City. Okla, Sept 26.-- (UP)-Mrs Ora shannon. accused of harboring criminals and taking part in the $2o0,o0o Urschel kid- naping. appeared as 0 witness for herself in the sensational trial to- day.
 Like her husband, Mrs shannon faced a whitening cross examina- ton by Joseph B. Keenan, special assistant U. $. attorney general, on her relations with the notorious Harvey Bailey and other defend- ants.
 The courtroom atmosphere was charged with excitement over the capture of George (Machine Gun) Kelly in Memphis.
 Kelly and his wife, captured in Memphis. will be tried here octo- Der Q.
 Charles F. UrscheI, the multi millionaire oil man for whose free- dom from abductors the nations largest ransom was paid, sat on the front row of the spectators section. There was a broad smile of relief on his face. Kelly had threatened to kill him.
 Mrs Shannon began Q story to the jury that she, like her hus- band, R. G. (Boss) shannon, was afraid she would be killed if she did not permit Urschel to remain kidnap captive on their farm near Paradise, Texas.
 Bailey was waiting to testify after the Shannons. He was ex- pected to claim he and the Texans were victims of a dirty trick played by Kelly and Albert Bates of Denver.
 Mrs shannon followed her hus- band as a witness.
 Bailey, during the morning ses- sion, was identified in the court room as one of three men who robbed a bank at Kingfisher. Okla on August g, taking $6.000 and Kidnapping three bank officials.
The Waterbury Democrat., 1933-09-26
WHISKEY'S RETURN
 TO STATE LOOMS
Package Store Provision Changed By Liquor
 Commission

Hartford. Conn. Sept. 26.-(UP) by the state liquor control commission for the return of whiskey to public sale in the state was seen today in new pro- visions announced for package store permits.
 No member of the commission would comment on the reason for tho new regulations, however.
 All package stores, under the new order. must be in buildings the entrance of which Is on the side- walk or immediately adjacent to 1t, or in established stores. The new order IS effective Nov. i5, and all stores which do not conform to the rule will lose their permits.
 The new order, 1t was under. stood. will end the establishment of package stores in warehouses and other out-of-the-way places.