davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-06-17
New York Cotton
BY the Associated Press.


NEW YORK, June l6.-An early
advance in cotton was followed by re-
actions under realizing and scattered
selling today. The failure OF bullish
features in the news to create a more
active demand was disappointing to
recent buyers. The general market
closed steady, net unchanged to }
points higher.
The opening was to IL points
higher in response to relatively
steady Liverpool cables, reports that
the Gulf storm was expected to reach
the Louisiana Coast tonight, and the
suspension Of the steel strike. Cover
ing combined with a scattering COM
mission house or trade demand sent
July TO 1905 and December l2.4l
right after the call or about II to Is
points net higher.
Traders appeared unwilling to fol-
low the advance and after the initial
demand had been supplied. buying
tapered of. This left the market
sensitive to moderate offerings, and
nearly all the early advance was lost
under realizing and scattered selling,
partly from New Orleans and accom-
panied by expressions of doubt that
tropical storm would materially dam
age the crop.
July sold Of to II "a and December
to 1929 and closing quotations were at
or within point or two Of the lowest
for the day.
Cotton on shipboard awaiting clear
ance is estimated at 107, 900 bales
against $4,000 last year.
The range follows:
Evening star., 1934-06-17
Dividend Changes
BY the Associated Press.

BY the Associated Press.
NEW YORK, June 16.-Fsvorable
dividend changes in the last week
totaled 20, against 80 in the previous
week, according to the Standard
Statistics Co., of New York. Un-
favorable changes numbered 9, against
the week before.
Dividend changes in last week:
Favorable.
Increased-Grand Rapids Varnish,
Peter Paul, Inc, Elizabethtown Con-
solidated Gas. Tobacco & Allied
Stocks, Inc. West New Brighton
Bank (Staten Island, Sayers &
Scoville
Resumed-Deisel-W -Wemmer-G Gilbert,
Gardner-Denver Co., Elder Manu-
featuring Co.
Extra-Singer Manufacturing. West
Point Manufacturing. Acme Steel,
United Loan. Independent Pneumatic
Tool, vic, International Button Hole
Sewing Machine, Reece Button Hole
Machine.
Initial Northeast National Bank
CPhiladelphia). Securities Holding
Corporation, per cent non-cumu-
lative preferred. Novadel-Agene, Re-
public Investors Fund.
UnfavOrabIe.
Reduced otter Tail Power $6 pre-
ferred. Otter Tail Power $3.50 pre-
ferred. Harris Trust g. Savings Bank
Chicago, DroverS National Bank
(Chicago), Real Estate Loan Co. of
Canada.
Passed-Auburn Auto. Lone Star
Gas. National Pacific Mortgage. Con-
necticut Gas & Coke Securities
Evening star., 1934-06-17
CHICAGO PRODUCE.

CHICAGO; June 16 R.-Poultry live
y trucks, steady; hens. 12a12h; Leghorr
hens. ga; Rock fryerS. 24a25: colored, 90;
Rock. Springs. %: colored. "a Rock
broilers; 1921; colored. 10: Leghorn I4ha
al7Hz: barebacks. 14a17: roosters. g: tur-
keys, 1Oa14 Spring ducks. l2a14 old, faS;
Spite pat geese; -e l3; 9ld; z, .oo
shipments. 1,201; old stock dull. supplies
Idaho russets, q; s. No. 1. 1.3Oa1 so; wis.
consin, round whites. U. s. No. 1. 1.15.
New stock. dull. supplies heavy, demand
and trading slow; triumphs, Alabama. q
cayed. 1;3OaI IS; Arkansas U. s. No. i,
Local so: Oklahoma. Las; Mississippi
.40a1 40; Oklahoma cobblers. U. s. No
l. 1.30.
Butter, 14.4s5; steady. creamery. ,spe-
st1s (eS Extra scofs 2sts sxsFrz 1872
frsts tss-s9) 22a22h seconds (S6-S7)
21a21h: standards 900. centralized car.
lots). 24H; no butter sales. Eggs. 4015:
steady: prices UNCHANGED; egg sales. 1 car
fresh graded frsts, 15.
Evening star., 1934-06-17
CURB LIST FIRM
IN DULL SESSION
Utilities Display Strength.
Advances Range From
ST to 81 a Share.
BY BERNARD S. O'HARA,
Assoriafad praes UipapriaI yUritar


NEW YORK, June 16.-The Curb
market made fairly satisfactory
showing today in the face of a small
and rather spotty trading interest.
Most of the established favorites
gained little ground, and the utilities
showed something like group strength.
Turnover amounted to approximately
10000 shares, against 1T 1000 on the
previous Saturday
While thin markets were the rule,
such issues as Electric Bond g. Share
common and preferred, American Gas
& Electric, Mohawk Hudson Power
first preferred, National Power &
Light preferred, United Gas preferred
and Utility Power & Light preferred
moved up to points
Small-lot buying accounted for
gains of l to 4 in a siZable list of
induStrials and Specialties, including
Great Atlantic & Pacific, Neisner
Bros preferred. Sherwin Williams.
Humble Oil, Gulf Oil and Aluminium
Co. of America.
The mining list was mixed. but
most of the trading favorites edged
a little higher. Hollinger and Lake
Shore, Gold Properties, each improved
half point.
Evening star., 1934-06-17

Newly elected president of the Mary
land Bankers Association and presi-
dent of the Second National Bank Of
Cumberland, was educated at the Hill
School in Pottstown, Pa, receiving
his B. A. degree from Yale University,
after which he studied law at the
University of Maryland at Baltimore,
passed his State bar examinations
and practiced law in Cumberland
several years. He began his banking
career with the Cumberland Savings
Bank of Cumberland and was later
elected a director and vice president
of the Second National Bank of Cum
berland, succeeding to the presidency
thereof in 1921 upon the death of
Daniel Amman. Mr.. LowndeS is a
member of the Allegany County Bar
Association. is treasurer of several
civic organizations of the City of
Cumberland and a member of the
State Board of Education of Mary
land. He is unmarried, living at
home with his sister, Miss Elizabeth
Lloyd LowndeS; is a member OF the
Maryland Club of Baltimore and the
Cumberland Country Club.
Evening star., 1934-06-17

Continued From First Page)
issues if he is to obtain a worthwhile
yield on his capital.
There are today many public utility
and industrial mortgage bonds OF the
highest rating selling well above their
call prices. They we're financed when
money was dear; so the coupon rates
are from to per cent. The existing
loans are quoted to yield slightly over
4 per cent. They could be refunded
at saving of from y to per cent
per annum in debt service charges.
The Baltimore & Ohio Railroad is
planning something of the sort. This
is the type of financing that may be
looked for as soon as bankers regain
their poise and rid themselves Of the
fear complex that has possessed them
for the last few years.
During the first five months of 1884,
according to the figures of the Finan-
cial Chronicle, the total par value
Of new corporation loans was $685.
493.000 OF this nearly half was for
refunding purposes. In the same
period the financing classified as ''mu-
nicipal" was about s4O5, 200, 900. The
| years have been lean for the invest
ment bankers since 1881, when, in the
January-May term, corporation loans
were S1,777, 100000 and municipal is
sues s73O,Ooo,0O0 In 1881 corpora
ton issues were double those of the
year previous.
London Underwriting Gains.
1t is of some significance to note
that new capital issues in Great Bri-
tain in the same five-month period of
1884 were in excess of $500 ,o00, 900 on
the current basis of exchange and ex-
elusive of municipal loans. We have
lost to London business with Montreal
which, in former years, returned hand
some underwriting profits. So with
the Argentine.
The outlook for new financing
which will relieve some of the Gov
ernment agencies of the drain on
them for funds to stimulate business
is linked with a contingency which
John Maynard Keynes emphasized in
his recent excellent summary of the
American position: namely. that of
reduced interest rates on long-term
capital. This, he believes, is one of
the essentials to recovery. 1t is the
view that has been held for months
by those who have studied the situa-
tion here in all of its aspects.
So far not much has been accom-
plished in this direction except as
emergency conditions have compelled
the lender to reduce his rate to the
borrower or come into possession of
defaulted paper. The customary 6
per cent rate on commercial loans to
individuals and corporations of Sec
ondary credit rating and the real es-
tate mortgage rate of per cent do
not square with the superabundance
OF bank reserves and the willingness
of lenders to use their capital in
short-term loans yielding less than
one-half Of l per cent and long ma
turtles at the highest in 80 years.
(Copyright. 1894. by the North American
Newspaper Alliance. Inc.)
Evening star., 1934-06-17
Commodity Price
Changes for Week.
BY III. n. McGILL,
Editor. McGill Commodity Service Inc
AUBURNDALE, Mass, June l6 Up

Editor. McGin Commodity Service Inc.
AUBURNDALE, Mass, June l6 Op).
Commodity prices during the second
week of June f1uctuated within a
narrow range, although the index for
all groups was slightly lower than
the previous week. Industrial ac-
downward, yet the decrease to date
Is only in alignment with the usual
reaction that occurs around the
middle of the year.
A check-up shows that out of IA
individual groups s averaged higher.
although in each case the upturn was
Of limited character. Four groups
averaged lower and 4 remained un-
changed
Industrial prices again advanced
largely due TO non-ferrous metals.
paint materials and fine textiles.
Farm Prices Decline.
Agricultural prices declined. The
severe drought is definitely broken.
Rejecting the lowest condition of
crops since 1893, prices have moved
up sensationally since May During
the week corn. oats, rye, cotton and
eggs averaged moderately higher. but
this force was more than offset BY
price weakness in wheat, beans and
fiaxseed.
Live stock continued in a state of
price Generalization. Both cattle and
hog prices moved downward with
hogs, now only fractionally above the
50 level.
Hide and leather prices continue
the downward movement that has
prevailed in recent weeks. Both hides
and upper leather registered price
weakness during the week.
Non-ferrous metals moved upward
with more rapidity than any other
group.
This was primarily due to the y
cent mark-up in Blue Eagle" cop
per. Other metals moved toward
lower levels, particularly antimony,
zinc and tin
Paint Materials Rise.
Paint materials also showed a
definite disposition to rule higher,
the movement being chiefly attributable
to the price mark-up in linseed OIL
This increase more than offset the
decline in rosin and turpentine.
Fine textiles represent another
group that successfully averaged
higher. Cotton and print cloth led
the advance as silk was fractionally
lower and other items remained
steady.
Vegetable oils recorded a compara-
lively broad advance as higher quo
tations for cottonseed oil and linseed
oil offset by a marked margin the
decrease in China wood oil.
Most important price changes in
the McGill weekly price index Q926
eQualling l00) are as follows.
Evening star., 1934-06-17
CHICAGO LIVE STOCK.

CHICAGO. June Is 1P.-Trading was at
nominal prices IN all live stock markets
today and little business was done Quo
tations for the most part held steady, hogs
over estimated at 1000. Receipts totaled
$500, of which 5000 went direct to
packers. This was a smaller run than
usual on Saturday.
Cattle receipts were 1000 Compared
with week ago all steers and yearlings
were unevenly 25 to 30 cents higher and
most other classes were up correspond
ingly The first dry-weather cattle from
the Northwest bought by the Government
Tor the Relief Corporation came to pack
ers for SLAUGHTER. There we're 43 cars
in the shipment. Most Of the animals re-
ceived were cows and heiferS
Sheep receipts today were 5000. which
was more than double the runs a week
ago and q year ago. Compared with Fri
day last week. fed Spring lambs were 40
to 80 cents higher and other classes were
higher also.
Evening star., 1934-06-17
Baltimore Markets
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, Md, June 16-There
Is very little change in the live
or values from last week and the
market holds generally steady on de-
sirable stock.
Most of the receipts, however. con-
sist mostly of poor, thin stock, which
despite warnings, shippers continue
to forward to this market.
Spring chickens, pounds and over,
are bringing % to 81 cents a pound,
with Plymouth Rocks bringing top
prices, and broilers, 70 to pounds,
selling mostly 20 to %.
Demand for old hens has eased
off due to the warm weather pre-
vailing and the market is easy with
prices in buyers favor at II to Is,
while old roosters are neglected at
8 and 10. Young ducks, 4i2 pounds
and over, sell mostly II to Is, but
poor, thin as well as old ducks are
hard to move out at any price.
Pigeons unchanged from last week at
20 to Is per pair for both young and
old
Egg Market Easier.
The egg market has ruled slightly
easier the past week, with consump-
tive demand limited. Dealers report
most of the arrivals show eggs OF
inferior quality and graded f1rsts are
given preference in sales.
The warm weather makes buyers
more particular as to quality and
trading on the exchange is very light.
day at 15l2 to 1884 cents dozen
for current receipts, nearby flrstS and
hennery whites bringing a premium
over quotations.
Old potatoes in ample supply for
the demand and values show a de-
cline at 125 per 100 pounds for round
stock and long reds. but mixed, un-
graded potatoes will not bring over
1.l0 to lis. Sweets and yamS show
no change from last week. demand
being fairly good at $50 to IT'S
bushel for nearby sweets and 1.25
for yanls.
Receipts of all lines of nearby
vegetables fairly liberal and under
slow demand market is dull at the
following quotations:
Fancy to colossal asparagus, 100
to $50 dozen, with choice selling
mostly so to rs; beans, so to rs
bushel; beets, 200a300 100; cab
bage, ESQ to 400 hampers; carrots
rs crate; kale, 20 to Is bushel; peas,
Is to l.25 bushel; rhubarb, 2,00a3. 90
100; spinach, 20 to 40 bushel, and
squash, so to 60 hamper.
Live Stock Steady.
The live stock market on the
wharves holds generally steady on
first grade stock, but most of the ar
rivals consist of common in-between
kinds which are slow sale at inside
prices. Quotations today at Light
Street Wharf:
Beef cattle, first quality. pound,
61z to 7: common to medium, pound
4 10 6. Bulls, as to quality, to 4.
Cows, choice to fancy, 81 to Az;
common to fair, 2 to 3. Oxen, as
to quality. to 4. Calves, choice,
S to 512; large, fat, heavy, to AZ;
large, rough, heavy, to 81. Sheep,
l " to 21z. Spring lambs, choice, fat,
7h to 8; fair to good, to 7; small,
thin, 3 to 4. Hogs, straight, 4 to AZ.
Sows, 3 to 3l2. Stays, 2 to az.
Live pigs, to 10. Shoats, to z.
Grain market closed today.
Evening star., 1934-06-17
FOREIGN EXCHANGES.

NEW YORK. June 10 LP,.-Foreign ex-
change steady. Great Britain in dollars.
5.O5H: cables. 5 O5h: 6O-day bills. 5.O4b
France. demand. 6.60l4,:, cables 6.60h
i'iS; pe;mandsmEelsinm. an%an GUM S5e ssss7; Germany.
1890; Holland. 81 SO: Norway. .3s;
Sweden. 26.O5: Denmark 22.55; Finland.
Portugal, 4.31; Greece. .95: Poland. 1894
Czechosiovakia. AT; Yugoslavia 2.2s;
Austria, 1s.94n; Hungary. 29.75n; Rp-
S.54n; Toxic. 5000; Shanghai 1925;
Hongkong. sc. so; Mexico City tsilver pesol
$500; Montreal in New York. 101.00;
New York in Montreal. 1900.
n-Nominal. l.--,,..
Evening star., 1934-06-17
Cottonseed OIL,

Bleachable cottonseed oil was steady
today with final prices 2 points net
higher on scattered week end covering,
influenced by the steadiness Of cotton
and grains. Sales were only contracts
including 8 exchanges from July to
later positions. Bleachable spot nom
inal; July closed $40; September.
5.62; October. $40; December, 58s;
January, SCI.
Evening star., 1934-06-17
NEW YORK PRODUCE.

NEW YORK. June 16 R.-Butter: s.
e42; frm. Creamery. higher than extra.
(ss-aI score. 23s4a25: seconds (s4-s7
scorel. 23a23lz: centralized. 241a.
Cheese: 1O9.760; steady. Prices un-
changed.
Poultry: Dressed. steady; prices un-
changed. Alive. barely steady; no quota
tlous
Eggs: o4.15e: steady Mixed colors
UNCHANGED; white eggs, marked mediums,
10: other whites and all brown UNCHANGED.
Evening star., 1934-06-17
Commodity Futures.

New York markets as compiled by the
Associated Press:
CRUDE RUHBER-Futures closed easier.
a to 81 higher: sales No. 1 standard,
226 contracts. July. 13 77b: September.
14.01: October. IA 13n; December, IA 40
43; January. 1857; March. 14.74n; May,
14.96n Smoked ribbed spot. l36sn.
SILVER-Futures closed easier. un-
changed to II lower; sales 125. 900
ounces. July. 1905; September 45.35b;
October, 45.45n; December, AS .65b; jan
uary. 45.75b; March. 45.99n.
Bid Nominal
Evening star., 1934-06-17
$1,264,940 NET EARNED
BY REMINGTON-RAND
BY the Associated Press.


NEW YORK. June 16.-The an
nual report of Remington Rand, Inc,
for the fiscal year ended March 81
showed net profit of $1,264 $40 after
all charges, equal to cent a share
on the common stock, compared with
net loss of 81 .581 ,O3O in the previous
12-month period. The fiscal year Of
the company ends March 81, 1884.
Accumulated unpaid dividends on the
companys first preferred stock totaled
$l75O as of March 81. and $50 per
share on the second preferred.
Evening star., 1934-06-17
CORPORATION EARNINGS.

NEW YORK. June 16 CP) )Per-share
earnings of corporations reporting
during the week, with comparisons
with the previous year, included the
following:
Evening star., 1934-06-17

Cash Grain Market.
Wheat, No. yellow. hard, weevily.
9612; corn, No. 2 yellow, 60'a6l;
oats, No. 2 white, As heavy; no rye;
barley, 56a1.00; clover seed, 10.00a
1875 hundredweight.
Evening star., 1934-06-17
Chicago Grain
Ry the Associated Press.

BY the Associated Press.
CHICAGO, June 16-Despite men
tions of possibility Of a wet harvest
Southwest, grain values averaged
lower today.
Downturns of prices were Influenced
more or less by reports of some i'm
provement Of the wheat crop outlook
and by lack of any aggressive specu-
lative demand AS to the corn crop
some experts contended that although
chinch bugs would cause much dam
age. the crop generally was in good
condition at this time.
Wheat closed weak, laa1ls under
yesterdays finish, September. 94l2a
945s; corn unchanged to 13s lower;
oats 1sa9s off, and provisions 10 to
II cents down.
Evening star., 1934-06-17
equalling 1907 are as follows:
Daily Price Index.

NEW YORK. June 16-Index of IS
staple commodity prices December 81 ,
1881. equals 100i 1926 average equals
Evening star., 1934-06-17
PRODUCE EXCHANGE

NEW YORK, June 16 OF1.-Produce Elk
Change stock list:
Evening star., 1934-06-17
WEEKLY SUMMARY OF THE NEW YORK CURB MARKET

FOR WEEK ENDING SATURDAY, JUNE 1s 1884.
nv he Associated Presx
Evening star., 1934-06-17
Quarter Ended March 81.
nded April 80.
q. s. TREASURY NOTES.
ApprOx-
Asked, Yield.

NEW YORK. June 16 R.-Prices
quoted in dollars and thirty-seconds.
Evening star., 1934-06-17
ALARMS FADE OUT,
BUSINESS SHOWS
REASSURING TREND

Continued From First Page)
Nogales international., 1934-09-22
1884 A SERIOUS
FIRE SEASON

ALBUQ QUE r QUE. Sept. 10
Stanley F.. Wilson, Assistant Reg
ional Forester In charge Of the
Branch OF Operation for the South
western Region, comprising the
states of Arizona and New Mexico.
in commenting on the forest fire
situation this year, states that this
is one Of the worst. If not the
worst, fire season in the history OF
the region.
This statement, he says, is based
On long continuation OF the
drcuth with the resulting high in
flammability of the forest litter
and the excessive number OF pic
nickers, campers, and other forest
travellers. He points out that the
cumulative fire record for the sea-
son up to August 10, as revealed by
the last Today fire report, shows
that up to that date this year there
have been a total Of 1882 tires.
This is higher than for any prev
ious entire year. The nearest ap-
eproach to this was In 1923 when
there was a total of 1924 fires
during the year.
In no other year has the number
reported reached as high as a
thousand. The total area burned
to date this year is 27,1O1 acres
Comparing this season with prev
ious years, Mr.. Wilson states tnat
the average annual number OF fires
going back to 1915 has been ap-
pyoximately TBS, total for the TWO
states while the average annual
area burned for the same perioo
has been 1864 acres.
Nogales international., 1934-09-22
OBSERVED
HERE AND THERE

Former Mayor Harry j. Karns
buying an up-to-date adding ma
chine for $3.50 at the auction saie
at the Roy g. Titcomb lumber mlA.
Another buyer was Les Yott VINO
cot a roll top desk for $2.oO.
Charley Wise assisting G. Mign-
ardot as auctioneer at the Roy "
Titcomb mill.
Robert Lowe setting out Tuesday
for the circus at Tucson.
A Nogales business man recon-
mending Harry Lowe as a gooo ooy
to sell the Literary Digest III No-
gales.
An error in The Internationals
bulletin board tabulation OF elec-
fton returns. Harold Roesner got
333 votes instead of 233 as was Or
iginally posted on the board.
Nogales international., 1934-09-22

A. 8. Henderson of Patagonia,
Republican candidate for SuperviS
or of District No. 8, was visitor
here yesterday.
Nogales international., 1934-09-22

NEW YORK -. The Marquis De
iCaussade (above), Of France 10 now
there to deliver a collection OF Letters
to the Sons Of the Revolution, writ.
Item by Lafayette TO the Msrquis'
lGreat-Great grandfather, Comte dr
Portal. The Marquis do Caussade 70
u famous war ace, twice wounded
and four times decorated 6y tae
French GovezQment/
Nogales international., 1934-09-22
BOHLINGER HERE

State Representative Ed Boiling
er was in town yesterday from Pa
tagonia.
Nogales international., 1934-09-22
NEW DEPOT

The stone and concrete founda-
tions for the new Nogales, Sonora,
railroad depot were completed this
week.
Nogales international., 1934-09-22
OPENING DANCE

The Boys Pep and Service Club
of the Nogales High School gave
the opening dance of the school
wear last evening. Coach Lloyd
Iedford acted as master OF cere-
monies and Peltier's Orchestra
furnished the music. Many special
:dances-moonlights, tags, ladies
choices, etc., were featured. The
dance was the first eocial function
of the eyar..s @:.
Nogales international., 1934-09-22
Official Budget

CRUZ COUNTY STATE OF ARIZONA FOR THE FISCAL
ENDING JUNE 3OTH 1885, AS
PROVIDED ADOPTED BY THE BOARD OF SUPERVISORS OF
SAID SANTA CRUZ COUNTY AT THEIR MEETING HELD AUGUST
1924 ACCORDANCE PARAGRAPH 3O98 OF THE RE-
VISED STATUTES OF ARIZONA, 1923.
VIM. c. SIMONTON
O
= County, Arizona.
Nogales international., 1934-09-22

Byron Buckeridge president OF the
Victoria Mines, was among Nogal-
ians attending the circus at Tue
son Tuesday.
E. P. Figueroa of the Wells
Fargo Company is on a vacation
trip to Phoenix and the Grand
Canyon.
The Washington times., 1934-09-14
RUSSIA DELAYS
LEAGUE ENTRY

GENEVA, Sept. IA I.NSD.-New
difficulties in the way of Russian
entry into the League of Nations
cropped up late today.
Foreign Minister Louis Barthou,
Of France, made no secret Of his
dissatisfaction over progress of
the negotiations. He refused to
answer when asked the where
abouts of Soviet Foreign Commis-
sar Maxim Litvinoff or whether
he planned to meet him during
the day.
He said:
II hope to be able to sit
peaceably in the assembly meet
ing, but If / am summoned out,
ask where my car is going"
Foreign Minister Sir John Simon
of Great Britain, and Louis Bar.
thou of France, before the League
of Nations Assembly today ad-
ministered a genteel verbal spank
ing" to Poland, who yesterday an
nounced she would not observe
minority treaties of 1919, under
which she was constituted in her
present status. Sir John declared:
''NO country can possibly re-
lease herself from obligations
by unilateral action"
M. Barthou said France could
not believe Poland really" in
tended to violate the treaty.