davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-10-28

Chicago. Another house may be in
just the opposite position. So they
agree to reduce competition in those
cities by taking over one another's
Improbable business. .-
In time the matrimonial idea got
around to the exchanges, with the
result that the Tobacco Exchange is
considering a close alliance with the
Cotton Exchange. The latter long
has wanted to add more commodities.
The Cotton Exchange cannot add cot
tonseed oil, a closely affiliated COM
modify, since it is traded on the
Produce Exchange, where it has been
for years.
Cotton and tobacco have many
things in common They are produced
largely in the same States. The four
largest cotton and tobacco States are
Tennessee, North Carolina, South
Carolina and Georgia. Often these
crops are grown on the same farms.
Most cotton houses have branches in
tobacco States, where the double busi-
ness could be handled without much
additional expense.
(copyriEht. 1934J :.
Evening star., 1934-10-28

T%HE Savings Division Of the
American Bankers Association
reached all the way to Texas
l. for a president for the coming
year and elected Thomas j
Caldwell, who halls from Francis M
Laws home town, Houston.
From 1909 to 1917 Mr.. Caldwell
practiced law in Austin, and for the
next two years served as treasurer and
director of the Federal Land Bank OF
Houston, being one of the five original
organizers. He was vice president OF
the Fort Worth National Bank before
he took his present position as vice
president of the Union National Bank
of Houston.
In the association he has been ac-
tive as a member of the Executive
Council, Bank Management Commits
sion and Committee on State LegiSla-
ton. During the last. year he has been
vice president of the Savings Division
Democrat in politics, he is married
and has three children, belongs to
several fraternities and the Houston
Country Club.
Evening star., 1934-10-28
|. B. A. ASSEMBLIES
AT WHITE SULPHUR
Program to End "Log Jam
in Long-Term Issues
Heads Topics.
BY the Associated Press.

BY the Associated Press.
WHITE SULPHUR SPRINGS, w
Va, October 27.-Five hundred oi
the Nations leading investment bank
ers assembled at this mountain resort
today for their twenty-third annual
convention to consider means of break
ing the log jam" impeding the flow
of long-term capital to industry fol-
the last two years.
The first problems taken up, how
ever, were those surrounding municipal
finance. A large committee which
has been drafting a report on that
subject since last May met in private
session to consider a final draft.
Interest in this subject, which has
been the mainstay of the investment
banking business during the Stagna-
ton Of corporate finance, was intense
1t is expected that the convention
will urge greater coordination be-
tween State and local governments in
maintaining municipal credit.
The convention was the largest in
two years, and marked improvement
In sentiment over that of last year
was apparent in informal discussions.
Some delegates thought that senti-
ment was at q lower ebb in the Wall
Street delegation, and was somewhat
better among delegates from the
South and West.
Evening star., 1934-10-28
WOOL SALES INCREASE
AND PRICES IMPROVE
By the Associated Press.

BY the Associated Press.
BOSTON, October 81 Omitted States
Department of Agricultural The vol
ume of sales was fair in the Boston
Wool Market after slow start early
in the week.
The finer grades of fleeces received
some call at prices mostly firm COM
pared with the previous week. Demand
in territory woods was centered largely
on the finer grades of average to short
combing staple in original bags.
An occasional buyer took good
combing Gas and finer original bag
woods. Texas woods had some call.
Prices were reported firmer in Texas
and California.
Evening star., 1934-10-28
CONTINUATION of tn

~ oNTINUATIoN of the i'm
provement in credit condi-
I tions and collections in Latin
~ American countries, which
has been evident for over a
year, is revealed In the current quar-
terly survey Of Latin American con-
ditions by the Foreign Credit Inter-
change Bureau of the National Asso-
citation of Credit Men.
Although in the second quarter of
this year this improvement in credit
conditions was not as rapid as previ-
ously, and although slight reaction
is evidenced in the current survey of
the third quarter, w. s. Swingle, di-
rector of the bureau, in releasing the
survey yesterday pointed out that a
considerable improvement during the
past year and a half in credit condi-
tions has been noted.
"At the present time" Mr.. Swingle
points out, the survey indicates that
in Mexico conditions are good. A
steady Improvement has taken place
in that country. In Panama, Argen-
tina, Venezuela and Puerto Rico credit
.copditions are classified as fairly good.
Evening star., 1934-10-28
FIRMS MAINTAIN
DIVIDEND RATES
DESPITE DEFICITS
Lag in Current Earnings
Fails to Bring Change.
Reserves Tapped.
BY GEORGE T. HUGHES.


NEW YORK. October 27.-The
present disposition among boards of
directors is to go the limit in liberality,
so far as dividends are concerned.
Even when current earnings fall short
Of meeting the quarterly disburse-
ment, their regulate rate is declared
as long as cash position warrants it.
There are exceptions in individual
cases, but that is the rule Only this
week Consolidated Gas declared the
regular dividend of so cents share,
although earnings for the quarter were
only cents. The expectation is that
the United States Steel Corporation
Tuesday will order 50-cent payment
on the preferred stock, the same as in
previous quarters, and this notwith-
stanoing the fact that the three
months statement is sure to make
poor reading for the shareholders.
The Steep Corp is still rich in cash
resources and can easily afford to pay
the present rate. This policy has
been pursued by American Telephone
all through the depression. The $2.25
quarterly rate has been falling OFF in
earnings. There is no reason to be-
lieve there will be any change now,
with business picking up.
The primary reason for holding to
liberal devidend course is to preserve
purchasing power to the stockholder.
Another consideration, however, is
that s0 MANY Of these large cOrnora-
tions are so well fixed with regard to
working capital. In this respect they
are much better off than they were
in the minor depression of 1921. With
no demand for plant expansion, the
theory is that the money might just
as well be turned over to the stock
holders. who really own it anyway.
Possibly still another motive enters
into the decision. The present reve-
nue. act imposes a tax on corporation
surpluseS in excess of the reasonable
needs of the business. There have
been reports of late that the Treasury
Department would attempt to enforce
this provision.
1t has been suggested that corporate
managements, faced with this tax
liability, may be influenced to make
larger expenditures for other purposes,
such as advertising, for instance. That
was one result of the wartime tax
laws. Whether this is justifiable from
the economic standpoint IS not at
issue. 1t is the legal liability that
counts.
(Copyright, 1884. by North American
Newspaper Alliance. Inc.)
Evening star., 1934-10-28
FAIRBANKS co. RECORDS
$42,798 QUARTERLY
BY the Associated Press.

By the Associated Press.
NEW YORK, October 27.-Fair-
banks Co. and subsidiaries report for
the September quarter net loss OF
$42,798 after charges and taxes, COM
pared with loss of $46,996 in the pre-
ceding quarter and loss Of $36,41S In
the third quarter last year.
Evening star., 1934-10-28
AMERICAN BANK NOTE
REPORTS $61,589 LOSS

BY the Associated Press.
NEW YORK, October 27.-Amer-
ican Bank Note Co. reports for the
third quarter net loss of $61 $50 after
charges, compared with net profit of
$37 500, equal to AZ cents a share on
the preferred stock in the September
quarter Of 1888. For the first nine
months net loss totaled $3l9,721,
against loss of SAC, ,469 a year ago.
Evening star., 1934-10-28
Special Dispatch to The Star.

Special Dispatch to The Star.
n YEW YORK, october 27.-What
N the New York Stock Exchange
VI owes and owns, and what 1t
l. Y earns will become public
knowledge Monday, when Its
balance sheet and income statements,
filed, with its registration documents,
with the Securities and Exchange
Commission, are announced. Wall
Street is betting that the average man
in the street will know as little about
the exchanges financial affairs after
these statements are published as he
does now.
Meanwhile, the exchange is going
right long with its many new plans.
The depository system, whereby Sc
curities would be transferred merely
by book entry, as they are in Berlin,
is progressing. 1t will eliminate &C.
tual transfer of securities, and conse-
quently their possible loss or theft It
will cut brokerage clerical forces, as
well as those in the transfer and reg
istrar departments Of banks. trust
companies and corporations.
When the Stock Exchange bought
Evening star., 1934-10-28
Trade Is Expected
To Continue Rise
During November
Special Dispatch to The Star.

Special Dispatch to The Star.
BOSTON, October 27.-Sta-
tistical barometers indicate that
business will continue to improve
during November, says the United
Business Service of Boston.
THE second setback in the re-
covery, which began in June, cul-
minated in September.
Activity during October in
creased fully as much as the
normal seasonal expectancy. Be
cause of ID higher farm buying
power, % lower inventories, 90
heavy Government expenditures,
and a. somewhat more friendly
Government-industry relations.
Evening star., 1934-10-28
KELSEY.HAYES PROFIT SEEN

NEW YORK, October 27 R.-Kel-
sey-Hayes Wheel Co. and subsidiaries
report for the first nine months profit
of $379,16 after Federal taxes. COM
pared with q net loss of $234,s82 In the
same period last year.
Evening star., 1934-10-28
BURLAP PRICES JUMP.

NEW YORK, October 81 C9.-Ths
advance In sterling during the week
pushed up Calcutta prices on burlap
5 to is points. Spot quotations were
reported points higher.
Evening star., 1934-10-28
SHOE DISPLAYS PLANNED.

NEW YORK, October ~ @.-
Members of the Shoe Fashion Guild
Of America, Inc, will officially open
their Spring lines during the week
Of November 10. It was announced.
Imperial Valley press., 1934-02-15
ASSERT LOCAL
LABOR DENIED
RECOGNITION

A committee which had been ap-
pointed by the Imperial Valley
Central Labor council to investi-
gate the Bank of America altera-
ton work gave its report at meet
ing of the council last night.
1t was reported that the local
carpenters union had been abso-
lutely refused recognition in con-
nection with this work and it was
also brought out that but one To-
cal carpenter had been put on this
work. 1t was pointed out that at
the time the alterations were an
nounced, it had been stated that
local labor and materials would
be used in this reconstruction work
and it was further reported that in
other construction work done here
in the past it has been the common
Practice to run publicity stories
stating that local labor would be
favored which has not been the
case.
1t was voted to ask for the ap-
pointment of a deputy from the
state board of labor statistics to
! investigate conditions in the val
ley. j. U. Reed and E. Enlow
president of the recently formed
Painters and Paperhangers union
were present and stated they wish
ed to affiliate with the central
council.
Permanent officers were elected
and installed by j. R. Lester, dep
uty state labor commissioner
These were: James Restine, presi-
dent; Sid Fancher, secretary; E
Miller, CaleXico, president; j
H. Dicks, Ell Centro, vice-president;
Frank Jones, Brawley, vice-presi-
dent; Gerald Shaw, organizer, ano
Eddie Collins, sergeant-at-arms.
A communication was received
from the MeXicali Labor council
extending greetings to the council
and extending an invitation tc
meet with them on February % ir
the interests of cooperation.
Imperial Valley press., 1934-02-15
WOMAN
DIES ON COAST.

Funeral services for Matte Gloria
Kuykendall, "a, South Third street,
who died Monday in Los Angeles,
will be held Saturday at 2 p. M,
Second Baptist church, DR.. j. l..
CASTOR officiating.
Mrs. Kuykendall was Well-knoWn
for her Christian work, having been
principal of the Daily Vacation Bible
school of the Second Baptist church.
She also helped establish a Sunday
school for Spanish speaking people
locally, and was a pioneer in the
work of the Worldwide guild, a
Baptist missionary organization for
women and girls, in Southern Cali
fornia.
In the passing OF Mrs. Kuyken-
dali the east side has lost one of
its most active citizens. She was
equally Jealous in civic and religious
circles.
at the time of her death she was
recording secretary of the Second
Baptist church, president of the
Southwest district Sunday school
convention, and teacher in the
Junior department of the Sunday
school. Failing health caused her
10 give up many phases of her very
active life. She was a graduate of
the East Side Junior college. She
added TO her intellectual attain
rentS an ardent love for and de-
sire to help mankind.
For several years she was active
lv engaged in the Worldwide Guild
work and the service commission of
the B. Y. P. U. Through these &C
civitieS she was instrumental in
arranging a number of inter-racial
meetings and programs. AS prin-
cipal of the Daily Vacation Bible
school of her church she was in
strumental in building up an en-
rollment that surpassed that of any
school OF the association.
One of her very fine contribu-
tions to the community was her
active participation in establishing
a Sunday school for Spanish speak
ing people in her church. This Or
ganization meets every Sunday af-
ternoon and is very definite con-
trlbution to the religious life of this
group Relatives of the deceased
are Mr.. and Mrs. j. R. Allen, par
ents; Charles Kuykendall, hus-
band; a son Maceo; four brothers,
one of whom, John Allen, lives
mere The entire community share
their bereavement.
Imperial Valley press., 1934-02-15
Girl Held For
Investigation

SANTA MONICA, Feb. Is. U.P)
Lou Ellen Lofthus, 20-year-old ac-
tress, who reputedly sought to end
her life because of an unhappy love
affair with a wealthy San Fran
cisco importer, was held in the San
ia Monica jail today.
For more than II hours after DO
lice found her poised on the edge
of an ocean pier, the girl resisted
their attempts to identify her as
the plaintiff in a 100000 breach
of promise suit filed several months
ago in Los Angeles against Narcisco
Rossi. At first she insisted her name
was Leola Sheldon, and then Lee
Warren.
The action against Rossi charged
that he dismissed her as his fian-
Gee with the curt announcement he
intended marrying another. RoSSi
denied ever proposing to the girl,
who formerly worked for him in San
Francisco.
Police said she would be held
pending an investigation.
Imperial Valley press., 1934-02-15
LOVE CULT
To D|SbAND

LOS ANGELES, Feb. Is. U.P)-A
Glove cult templen which lured a
San Francisco woman away from
her husband and united her in a
spiritual wedding" to another
man, was ordered disbanded today
III the wake of a police investiga-
ton.
The "tempIe' in which Mrs.
Muriel Wallace found sanctuary for
her strange mystic beliefs, was
found to have been operating under
a city permit as the Helping Hand
Rescue Mission. The permit listed
the operators as charity group.
Authorities ordered the permit re-
voked.
Meanwhile, William M. Wallace,
civil engineer, prepared to return
70 San Francisco with his four
children who accompanied his wife
here last month when she was at
tracted by an evangelist to embrace
Imperial Valley press., 1934-02-15
Long Lost Son
Found In South

After a silence of six years, w. M.
Henson, 1876 South Sixth street, yes
terday received a letter from his
son, Ed, known to friends here as
Big I'm, advising that he is 1iv-
ing in Knoxville, Tennessee, and
promising to pay his father visit
as soon as it is possible to do so.
The younger Henson left home
without making known his inten-
tions and members of the family
have endeavored since to locate
him. Investigations carried on by
his sister resulted in finding him in
Imperial Valley press., 1934-02-15
COUNTY FAIR
To Be OPENED
ON MARCH 3

Imperial countyS fifth annual
Mid-Winter County Fair will open
it's gates just two weeks from Sat
urday. Agricultural, livestock wo-
mems department, educational and
future-farmer exhibits are being
prepared in all parts Of the coun-
ty. There is such general interest
manifest that d. V. Stewart, secre-
tary-manager, is making elaborate
preparations for the greatest dis
play of the products from the fields,
homes, and schools of Americas
Winter Garden that has ever been
assembled.
Two new pavilions, each go by
100 feet, have been completed to
house the dairy, cattle, horse, mule
and other livestock entries.
The floor plan for the main exhi-
bit building as laid out by the board
of directors provides many spaces
for business and industrial displays.
About half of these have been taken
to date, and all merchants who wish
to avail themselves of the fair
week opportunity to present their
products and services to the $4,000
people who will visit this years fair
may reserve a display place by call
ing at the administrative office on
the fair grounds.
1.-THE fair management appreci-
ates the support of the county busi-
ness men who cooperate in making
the fair attractive and successful.
The merchandise displays are al
ways popular with fair patrons and
the fair offers exhibiting merchants
the years best opportunity for es-
tablishing personal contact with the
people of the valley" said Stewart.
Imperial Valley press., 1934-02-15

Uniforms-White and colors, 81
up. Polka Dot Shop 15t2
Or. J. p. Zolot, Dentist. 11O N
sixth street. t,th,S-tf
DIR. A. B. Hanson, dentist. New
Professional Bldg. Phone SO. 9tf
Trial Set In March-R. II. Kerr
charged with accepting registrations
for automobiles without a license
from the state traffic office, ap-
peared before Judge Mayfield yes
terday afternoon and entered his
plea of not guilty. Trial was set for
March 6.
California Hotel Coffee Shop -
Charcoal broiled Steaks and Chops
from 5 TO 8 p. m. Open all night.
2ti
Appointed Deputy AssessOr-Mrs.
Ada Johnson was appointed deputy
assessor by Frank Weir, county as
SCISSOR, according to paper filed with
the county clerk this morning.
Ruth +. Reid piano studios-523
Holt Ave. High school credits. Pri-
vate or class lessons. Moderate
rates. 3lt13
Our Special Chiffon and semi
chiffon hose 69c. Polka Dot Shop.
1872
Door TOO Solid James Quon
of a grocery store at 213
Main street told police yesterday
Imperial Valley press., 1934-02-15
Veterans To Hold
Program Tonight

Observing the 36th anniversary of
the blowing up of the battleship
Maine" in Havana harbor, a radio
initiation program which is to be a
worldwide affair is being sponsored
by the Veterans of Foreign Wars for
tonight.
United Spanish War Veterans are
cooperating with the V. F.. w. in
receiving the program at the local
Veterans hall which will be broad
cast over the N.B.C. network start
ing at $3.50. The public is invited
to attend.
After the program, the old time
dance given every other week by
the u. S. w. ", will b4 held.
Imperial Valley press., 1934-02-15

Our Special Chiffon and semi
chiffon hose 69c. Polka Dot Shop.
1872
Imperial Valley press., 1934-02-15
QUNIYQBRIEFS QUNIQBRIES

Perishable Shipments - Two car
loads peas, 140 carloads lettuce, one
carload greens, three carloads
grapefruit, two carloads cabbage,
II carloads carrots, six carloads
mixed vegetables were the perish
ables shipped yesterday, according
to b. A. Harrigan, agricultural COM
missioner.
Experimental Theatre, Seeley,
$3.50, THE Romantic Young Lady"
Feb. Is and 16. oh
Enters Not Guilty Plea = A. r.
Hicks plead not guilty 20 a charge
of battery brought by Ed. C. Hall
III police court this morning. He
asked for jury trial and the case
was set over until next Tuesday for
trial.
Grapefruit and Valencia Oranges
for sale. 1. V. Grapefruit Growers,
$50 Brighton. 14tf
To Move Church Building A
permit was granted P. A. Murray
to move the recreation building of
the Methodist Episcopal church
from 312 South Eighth street to
the corner of Eighth and Olive.
Imperial Valley press., 1934-02-15
Bride Deserted
On Honeymoon

SANTA BARBARA, Feb. Is. (U.P)
"A honeymoon trip without the
bride was described in divorce
complaint today OF Mrs. Edith Per-
kins Cunningham Bragiotti, social
ly prominent local matron and
daughter of the late Charles E.
Perkins, president of the Chicago,
Burlington and Quincy railroad.
Mrs. Bragiotti accused her hus-
band, Isidore Bragiotti, prominent
Tlorentine, of deserting her at the
time of their wedding in Los An
Imperial Valley press., 1934-02-15

Door Too Solid - James Quon
of grocery store at 213
Main street told police yesterday
Imperial Valley press., 1934-02-15
RIVER READINGS

that attempts have been made to
pry open the front door of his es-
Enlistment with a heavy bar. The
attempts have been unsuccessful
due to the heavy construction of
ne door.
Experim 1ntal Theatre, Seeley,
$3.50, THE Romantic Young Lady,
Feb. Is and 16. dh
Imperial Valley press., 1934-02-15

the cults teachings of "spiritual
love.''
Wallace refused to sign a COM
plaint against his wife. County
authorities also said there would
be no charges filed against Charles
Crosse. bearded leader of the cult.
Imperial Valley press., 1934-02-15
Recovering From
Recent Operation

w. E. Truesdel1 of San Diego,
manager for the southern division
Of the Shell Oil Co. is convalescing
after a serious operation performed
recently. He is in the Mccullough
sanitarium, 14l5 Twenty Eighth
street, San Diego.
Truesdell is well known to Ell
Centrans as he is the son-in-Iaw of
Mr.. and Mrs. w. D. Carey.
Imperial Valley press., 1934-02-15

geles last August to return to his
villa in Florence, Italy. He char
acterized their marriage a "mis-
take,' she said.
Mrs. Bragiotti is the widow of Ed
ward Cunningham of Boston.
Imperial Valley press., 1934-02-15
Knoxville

Knoxville.
He informed his father that he is
| married and has a son 26 months
old, and asked that he be remem-
| bered to friends in this city.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1934-12-20

market without card. In addi-
ton, the slaughter tax on such hogs
is larger.
In the Netherlands production
has been reduced to the 1890 level
by governmental action Production
in 1893 was limited by IS percent.
Each province is allotted quota of
earmarks which are tagged on pigs
when they pass % pounds in
weight. The government maintains
monopoly over exports, fixes
prices at home, and governs pro-
duction This scheme is also fl
nanced by processing tax.
Besides granting favors to en-
pire countries, Britain provides
English producers a quota which
they are expected to adhere to.
Much of the increase allotted en-
pire countries comes from a re-
duction in the American quota.
The German government retains
monopoly on imports. granting
monthly quotas and enforcing ex-
cessively high tariffs. The present
tariff on lard is Is cents a pound.
Germany completely restricted i'm
ports of American lard during July
and August, by refusing to grant
exchange for that purpose. The
German program cost the United
States about 100 million pounds of
pork and lard exports this year
George Everhart, County Club
Agent.