davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1936-04-28
Quotations
NEW YORK STOCKS

O. NEW YORK, April 28. CUP)-
- Stocks dipped further for Il time
today but steadied just above the
lows of the year made early in jan
uary. Trading was moderately ac-
tive.
The list was extremely nervous.
Prices forced down one minute were
~ ecovered in the next. Just before
<Saoon another Shakeout drove prices
down l to 3 points in volume suftt-
cient to cause tickers to lag. There
after an irregular recovery left
some of the leaders higher on the
day.
Traders were anticipating a fav-
orable first quarter report from the
u. S. Stee! Corporation after the
close and that led to some short cav
ering.
The covering was more active in
issues other than L. S. Steel just as
tn: favorable report of General Mot,
ors after the close yesterday seemed
General Motors. Youngstown Sheet
& Tube came7f back to 81 up "a
points net from its low of 40 e.
BeIhlehem recovered fractIonally as
touched a new low for the year at
57A off pa and recovered more than
.hani the loss. - .
General Motors touched g. l. off
points. 1t recovered slowly. while
Chrysler late in the session had an
advance of more than a point stud
ebaker also was higher.
Johns ManVille jumped nearly 3
points net after making new low
for the year other building issues
also met good support. Coppers
were hard hit when selling was at
its height Dut they recovered SUB
stantially Kennecott touched SO 1s
off 3iA and recovered nearly@all the
loss Anaconda came back to dhe
previous close from its low OF 80 =
off 1% points. American smeitlng
gained a point in the silVers.
Case rallied more than 4 points
from its low and recorded a snail
net gain late in the day. Mail order
shares were up small amounts.
Rubbers rallied under lead of u. 5.
Rubber shares. Westinghouse Elec-
tric moved over a 3-point arc and
ended around the previous close.
Rails met support on the outlook
that April would set a new high Tor
the year in total railroad revenues.
New York Central was the leader.
American Can rose a point and
gains of fractions to point were
noted in Atlantic Refining, Chesa-
peake Corporation, Atlantic Coast
Line, Auburn Auto, BendiX, Douglas
Aircraft Northern Pacific, PennsSl-
vania Railroad Socony Vacuum
Texas Corporation, United Aircraft
and yellow Truck.
Dow Jones preliminary closinG
AVERAGES showed industrial l46.7o
off 0.30. railroad 43.3S up OF, util-
ity 29.5S off 0.03.
volume approXimated 2,230,000
shares compared with 2,3OO,Uo0
shares yesterday. Curb sales were
47S,000 shares compared with 46S,0ou
Imperial Valley press., 1936-04-28
CHICAGO GRAINS

CHICAGO, April %. (uP) Wheat
futures recovered moderately on the
board of trade today on belief that
yesterdays moisture was INSULT
cient to change the crop picture rad
ically Better than anticipated ac-
tion at Liverpool and indications the
market was overs old also were fact
0rS.
At the close May wheat was up
B cent and at the days high, July
was up 4 cent and September un-
changed.
Short covering was aggressive
Eastern interests bought ard prices
moved moderately higher.
Liverpool closed q to ! penny low
er, considerably better than the ac-
ton yesterday here indicated.
Corn finished unchanged To 7s cert
higher. oats was unchanged to =
'ert lower and rye was Off Il TO up
Is cent.
Imperial Valley press., 1936-04-28
Los ANGELES STOCKS

Los ANGELES. April % UP)-
Widespread losses continued on the
Los Angeles stock exchange this
morning but were somewhat offset
by gains which in three issues reach
ed a full point. Twenty issues
slumped against only nine that
gained Volume approXimated 10000
shares.
General Motors plunged l M 10 63as
On 400. Gladding Mclean / to la
on 100; Lockheed 1a TO on 300;
Chrysler * TO 95h ON 100; Neon, a8
TO 12K on 200; General Paint "B"
preferred rose Il to 10h on 1000
share turnover.
Edison common rose l to So on a
small sale, as did Southern Pacific,
TO 30h on 400 shares.
Signal Oil and Gas "a" was up |
point to 2Sh on 500 Union gained
y to 229s on 400; Standard lost L
to 12 on 100.
A 7100-share turnover carrie
Transamerica down a to 11B. Sc
curity Company Units dropped = TO
81 or a small sale.
uNV
Imperial Valley press., 1936-04-28
L. A. LIVESTOCK

Los ANGELES, April 2s. UP)
shares yesterday.
Hogs 100. holdoVer so; opening steers
To 24c higher, closing 10-15e lower;
early sales $10.75-11.25; late sales
$950-10. so.
Cattle 400 holdoyer 483; mostly
steady; medium to good steers $7.25-
IT'S; Imperials S6-6.75. Few coys So
5.65; cutter grades S3.25-4.75. Bulls
S4.85-6.00. Calves 200. steady, few
vealers $9-1O salves $7-7,75.
Sheep $50, around 25c higher; good
spring lambs S9.70 feeders $S.5U
Imperial Valley press., 1936-04-28

FOR SALE Ton and a half old
newspapers. While 1t lasts 1c per
pound. Inquire Post-Press, FL
Centric.
Imperial Valley press., 1936-04-28
23 For Sale, Miscellaneous

FOR SALE Good Fordson tractor.
Cash or terms. Write Post Press.
Box 639-B. lA28P-MlA)
Imperial Valley press., 1936-04-28
: POST PRESS CLASSIFIED ADS
Poultry for Sale

BABY CHICKs-2O popular varl-
cites, also day-old White Leghorn,
r. l. Red and Barred Rock Pull
lets and Cockerels. Write for pric-
es and information on our chicks,
poults, and ducklings. RedWing
Hatchery, 1046 E. Florence, Los
Angeles. (Ml3P-M14A)
Imperial Valley press., 1936-04-28
l.. A. BUTTER t& EGGS

Los ANGELES, April 2s. UP)-
sutter: Extra 281ac, prime firsts
A97hc, standards 26he, undergrade
Imperial Valley press., 1936-04-28
livestock for Sdte

ONE 31OO-lb. team horses. $1,000;
one 2000-lb. team mules, $4,000; all
guaranteed workers. Joe Oder
matt, 4 mile north Meloland
(A27P- -A30A)
Imperial Valley press., 1936-04-28
II Real Estate For Sale

5-ROOM house, good residence
district, newly decorated outside
and inside, garage, $2.l0000. See
G. A. Irving, Marie Land, 33l
Main.
Imperial Valley press., 1936-04-28
F0rL Lease

MOUNTAIN home, hot and cold
water, equipped for chickens. A.
G. Mack, Boulevard.
fA26-M2A)
Imperial Valley press., 1936-04-28

FOR SALE-MiXed hay barley and
oats. West OF high school ON I'M
perial Ave. Cressey.
6A27P- -A30Al
Imperial Valley press., 1936-04-28

FOR RENT-Room. Lady or couple
preferred. May have privilege of
house. Private entrance. 654 Holt.
(A24P- -A30A)
Imperial Valley press., 1936-04-28

FOR SALE-1931 Cheve 10 wheel
truck. Stat. rack. geo Broadway.
(A25P- -A29Al
Imperial Valley press., 1936-04-28
III eip Hdpfed
Siiu.it3,yl,S :fanted

EXPERIENCED HOUSEKE E P E r
wants work with family leaving
valley during summer. Write Box
725 Ell Centro. (A27P-A29A
Imperial Valley press., 1936-04-28
81 Used Cars and Trucks

FOR SALE = 1890 Desoto Sedan
$l4500 geo Broadway.
6A28-M1Al
Imperial Valley press., 1936-04-28

FOR SALE-1930 Graham Six Sc
dan ready for service, $235. 660
Broadway. (A25P- -A29A)
Imperial Valley press., 1936-04-28

Build a house ana lnsulate
you'll be glad and up to date.
Have protection from heat and
cold
A desire that's very old
Get material that is right
Buy from us Masonite
Ell Centro Lumber &
Trading Company
lO9 Adams. Phone 1892
f23ato
Imperial Valley press., 1936-04-28
Country Property

TO LEASE for vegetables - 160
acres miles Sc. Holtville, in
alfalfa and dairy, 6 years. Mrs.
L. Clark, 979 Fedora street, Los
Angeles. (A22P-A29Al
Evening star., 1936-12-27
CASH FLOW HELD
ABNORMAL FACTOR
Huge Special Payments Not
Expected for 1887 Christ
mas Season.
BY CHARLES F. SPEARE.
|recial Dispatch to The Star.

NEW YORK, December 26.-With
no desire to be scrooge, or to check
the late mass attack Of buyers on the
department stores, this writer feels
that there are certain aspects Of the
present prosperity and the spending
spree derived from it that deserve
attention, in 50 far Is they relate to
the business situation q year hence.
It is now estimated that the Novem-
Der and December dividends Of cor.
porations will amount to approximately
81, 300, 100000. The great increase in
this sum over 1885 represents special
payments authorized because of the
'undistributed profits tax"
1t is quite probable that this tax
will be modified at the coming session
Of Congress. It Is certain that no
such benefactionS will be bestowed on
shareholders in 1887 as have been made
in the last two months Of 1896.
On this subject the Wall Street
Journal said Wednesday,: while
Westinghouse Electric has paid out q
large part Of net this year because Of
the undistributed profits tax, it prob
ably will not next year, because in
creased cash will be needed to carry
inventories and for expansion"
This prospect is one that faces q
large proportion Of the concerns that
have made extraordinary payments
this month to their owners from ac-
cumulated surplus and current profits
and others that have been paying of
all or part Of their back dividends.
The shareholder, therefore, who ex-
poets to benefit in 1887 in equal de-
gree with 1886 and to see his shares
appreciate in sympathy with such q
policy will be disappointed. In other
words, he will probably not have as
much dividend money to spend next
Christmas, from this one source, as
he has had this year.
CCopyrisht. 1936,D
Evening star., 1936-12-27
L0CKHEED AIRCRAFT
GETS $1,275,OOO CASH
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 26.-In
connection with the financing recently
completed by Lockheed Aircraft Corp,
net proceeds to the company ran well
over the minimum which the UNDER
writer's guaranteed, with the result
that the company received around
81 .275. 900 cash. according to Robert
e. Gross, president.
The company, according to Mr..
Gross, has been completing plans to
double its output Of airplanes early
next year.
These developments include the OUT
right purchase Of Its property, includ-
ing its own airport, and granting of
contracts to build several new manu-
featuring structures, one Of which win
house the largest hydraulic press ever
used for aircraft work.
Evening star., 1936-12-27
Action Urged to Preuent
Rubber Boon, and Collapse

troll between IL and 80 cents. Like
wise during the first two and one.
half years Of the present rubber re-
strictions prices have been kept be-
tween II and 20 cents. It will be
noted, however, that under the pre-
vious restriction scheme 1t was din
cult to keep prices in control once
they had started upward, when there
w&s not Q suficient reserve supply.
''It seems most essential that the
International Regulation Committee
take immediate steps to prevent the
present situation from getting COM
pletely out Of hand. A skyrocketing
of prices similar to that Of 1925 can
only be followed by q proportionate
collapse, involving the prostration Of
the entire rubber-planting industry.
Quotas must be administered with
greater regard for the potentialities
Of the market. II this Is not done
while there Il yet time. the present
experiment In rubber regulation viii
b recorded - ons more AAsco.s
Evening star., 1936-12-27
AUTO MEN STUDY
1887 PROSPECTS
Speculation as to Division
of 100000 Output
Next Year Heard.
By the Associated Press.

DETROIT, December 26.-Having
accepted the prediction that the motor
car industry next year will assemble
100000 cars and trucks, trade circles
are indulging In the annual specula-
ton as to the division of this output
among the various producers.
On the basis of present indications,
Chevrolet will produce at least 1900 :
600 Of this total: Ford more than
100000; Plymouth 100000 or more:
Dodge. Pontiac, Buick and Olds will
add 250,000 each to the aggregate.
Several companies that heretofore
have confined their activities to the
price brackets higher than these types
sell for have brought out competitive
models that may add materially to the
expected volume of 1887.
Production schedules. however. are
more elastic than anything else in the
motorcar industry. Chevrolet, Ford
and Chrysler have facilities that can
be called upon for q sharp upward
swing, should demand suggest such
action.
Ford production has been second to
Chevrolet for some time, and the
Chrysler line. including Dodge, Ply
mouth and De Soto, has been chal-
leng the second place position rather
insistently during the last several
months. Competing for fourth place
are Hudson and Packard.
The challenge, on several sides, for
. larger share of the low price dis
tribution Is regarded in trade quarters
as one of the primary reason for
Ford's introduction of his optional
smaller motor.
With all this speculation on the
one hand concerning 1887, q tangible
fact Is that virtually every producer
who had new models on display at
the major motorcar shows this year
has an accumulation Of untitled orders.
The task Of the distributing division
will be to keep this accumulation up,
for the industry hopes to avoid any
material let down In mid-Winter.
Evening star., 1936-12-27
Wall Street Opinion Divided
On Reserve Board Intentions

Other commentators are doubtful
the authorities win see the situation
Ia the same light, but In most quarters
there is Q tendency now now to feel
that action on reserve requirements
may be held up for time. Also. that
an increase, when and II ordered. will
Be less than SO per cent, the allow
able limit under the banking law.
Financial quarters had been disposed
to prepare for an advance Of such
proportions after the Reserve Board
gave notice several weeks ago that it
was considering action.
The board effected reduction In
excess reserves during the Summer by
Jumping reserving requirements so per
cent. The new level becaus effective
on August -
Evening star., 1936-12-27
ADVANCE Maintained
BY TRANSIT REVENUES

Special Dispatch to The Star.
NEW YORK, December 26.-Rev-
enues for the transit industry for the
week ended December 10, 1886, based
on telegraphic reports received from
a representative group of transit op-
Grating companies, showed continuing
improvement over last year. Transit
Journals Review Indicator stands at
los. "a, which represents q gain of 564
per cent over the corresponding week
in 1885.
For the week ended December II,
1896. the Indicator was 105.30.
The week before Christmas, nor
mally the highest transit revenue
producer in the year, showed an i'm
provement over 1885 at q rate slightly
higher than that of the previous week.
The revenue taken in was the greatest
In any week since the beginning Of
the depression.
Evening star., 1936-12-27
(1n thousands Of dollars.)
Week ended PRAY
LAG IN RESERVE
BANK NETS seen
Final Check-Up Expected to Show
Failure to Earn Their Divi.
dends in Year.


By the Associated Press.
Informed sources predicted q final
check-up will show the Federal Re-
serve banks did not earn their divi-
dends this year.
Under the law the banks must pay
q 6 per cent dividend on stocks held
by member banks. The board can
defer dividends or pay them out Of sur.
plus only when earnings are less than
8 per cent.
Declining interest rates on Govern
ment securities have been q major fac
tor in reducing the banks earnings,
ofncials said. On Government bonds
interest now averages 225 per cent,
compared with 2.73 a year ago and $40
in 1894.
The IL Reserve banks now hold
about 81, ,400, ,000, 900 Of Government Sc
curities, of which $1,347 ,000, 900 Is in
bonds.
Since 1915 the banks have failed to
earn dividends in only four years, of
which 1888 was the most recent. Earn.
ings for the first six months Of this
year fell short Of dividend obligations
by $643,000, oficials said, and this gap
was expected to be widened when re.
ports for the full year are compiled.
Net earnings of the banks were set
at $3,277,98S for the half year, COM
pared with $7,205,0 900 for the same
period in 1885, The drop reflected an
approximate $4,000, 900 decline in total
earnings and q $1,000, 900 increase In
current expenses.
Evening star., 1936-12-27
OUTLOOK BRIGHT
FOR SUGAR FIRMS
Consumption Expected to Hit
New Peak of Overt 600, 900
Tons Before 1910.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 26.-Pros-
poets for increased consumption Of
sugar in the United States, coupled
with re-establishment Of sugar prices
at profitable levels warrant q highly
favorable outlook for the sugar-pro-
ducing industry. in the opinion Of q
report issued by Fenner & Beane, stock
exchange firm and commodity house.
Influenced by increased population
and purchasing power, consumption
may reach . new peak Of over
5000, 900 tons well before 1910, ac-
cording to the report which also as
sumes that continued program Of
sugar control is virtually assured by
the recent victory for the present ad-
ministration, and also by the fact that
control measures have been accepted
as mutually beneficial by the various
producing interests.
"As result of the workings Of the
sugar-control program, prices for sugar
distributed in the United States mar
ket have been re-established at levels
afiording substantial profits to the
various sugar-producing areas supply
ing this country" according to the an
alysis.
Evening star., 1936-12-27
DEMAND BOOSTS
CHEMICAL TRADE
/. TORECORD LEVELS
Gain Laid to Lower Prices.
Earnings Also Show
Large Increase.
Special Dispatch TO The Star.

NEW YORK, December &c.
Through increased consumption due
to lower prices, the chemical industry
Is scoring record sales, and near
record earnings, according to q new
study appearing in Porr's Industry
and Investment Surveys.
One important factor is the trans
formation Of former waste materials
into valuable products. Buttressed
by sound capitalizations, adequate
liquid resources. low labor costs and
excellent research facilities, leading
manufacturers will continue to pros
per with extended industrial recovery.
Steady Rise Continues.
"As yet there Is no indication of q
slackening in the industry's rate Of
growth" the report continues. This
may be attributed to four underlying
factors:
"O Widely diversified markets for
products.
"(0 Conservative financial policies.
"(0 Installation Of production
economies.
go Practically unlimited possi-
bilities for new products and processes.
Competition forces continue keen,
but OF . less oppressive type than
those characterizing most other fields
of business. The industry's favorable
earnings record during the depression
also reflects the wisdom of policies
developed during the boom period.
Consequently, except in the fertilizer
and industrial alcohol fields. overex-
pansion with its attendant excessive
overhead costs and demoralizing trade
practices has not bedevilled the indus
try at any time since 1929.
Aggressive Research Cited.
Broadly speaking, the chemical in
dustry's profits depend upon sales vol
ume, and price trends have been gen.
orally downward, as operating econ.
omies are passed on to consumers.
However, the industry offers the out
standing example of successful ex-
pansion, due to aggressive research,
which has developed new products. new
processes and new uses for existing
products.
Even during the depression major
chemical organizations expanded
rather than curtailed their research
activities. As a result, they enjoy q
definite competitive advantage today.
In many instances, sales have sur
passed former peak levels despite the
fact that consuming industries are still
well below 1929 operating levels. Thus
chemical producers are in an ad-
mirable position to profit from con-
tinued recovery In general industry"
Evening star., 1936-12-27
Special Dispatch to The star.

0peC1AI O18patch 70 Tn0 0toI.
NEW YORK, December 26.-Crude
rubber prices under the international
restriction program are threatening
to get completely out Of control, &C.
cording to clifford G. Johnston in the
Annalist.
During the month OF December,
according to Johnston, prices in the
London market have been maintained
At above the pivotal price Of Cd
mentioned in the Rubber Growers
Association report Of the British
Dutch Liaison Committee on June "a.
1880. BY liberal releases at frequent
intervals II might be possible for the
International Regulation Committee
to maintain orderly prices around
present levels. but unless this Is done
the committee Is likely to succumb to
the same pitfalls as Lord stevenson's
committee.
During ths nrst two and one-haN
years Of the Stevenson enactment
'Eiees wsss hept pretty mueA n Con-
Evening star., 1936-12-27
BIG INCREASE SHOWN
BY LEAD PRODUCTION
By the Associated Press.

By the Associated Press.
NEW YORK, December 2s.-Pro-
duction Of lead in the United States
during November totaled 43,625 tons,
compared with 42,l56 tons in October
and 40,369 tons In November, 1885,
the American Bureau Of Metal Stats.
tics reported.
Stock on November 30 amounted to
1854 tons, against 183, 3,430 on Oc-
tober 81 and 222 ,636 at the end of
November last year.
Domestic shipments for the month
were 50.153 tons. which contrasted
with 5s,2lo In the preceding month,
and l3,e3s n November . yeae -
Evening star., 1936-12-27
INVESTMENT COMPANY
STOCK INDEX DECLINES

Special Dispatch to The Star.
NEW YORK, December 26.-The
investment company common stock
price index declined last week, a.
evidenced by the averages compiled
by Distributors Group. Inc.
The average for the common stocks
for 10 leading management companies
influenced by the leverage factor stood
ct 2l.82 at the close Of December a.
compared with 22.7l on December 10.
The average Of the mutual funds
closed ct 1871 December -, COM
pared with 1883 at the Close q thu
pEsvioun vsek
Evening star., 1936-12-27
PREPARED
ITO HANDLE RECORD
JANUARY VOLUME
Buyers in Wholesale Marts
Earlier to RepIenish
| Low Supplies.
RETAIL PRICES EXPECTED
TO REFLECT COSTS RISE
Advance on Rugs Announced.
Sharp Increases Predicted
in Mems Shirts.
BY ]. G. DONLEY.
eriaJ nisnatch IN The Star.

NEW YORK. December 26.-With
the Yuletide over, retailers are now
preparing to push January sales up
to fioodtide levels. For, whether
Christmas is white" or green" after
that event come the early January
white sales" and other store promo
tions which are designed to ride in
the backwash Of holiday money.
Buyers are coming into this market
even earlier than usual this year
probably speeding their visits because
of the need Of replenishing stocks de-
pleted by Christmas shoppers. Furs
cloth coats, white goods, staples and
home wares are among the lines in
which buying for January and Feb.
ruary promotions Is likely to hit fast
pace next week. And store repre-.
sentatives are expected to find a rath-
er tight situation as to prices and
also as to deliveries.
Advances Forecast.
Prices at retail are likely, right
after the turn of the year, to present
truer reflection Of the advance in
raw materials and labor costs. One
manufacturer Of rugs has already an
nounced an uptake Of 10 per cent
effective January 4, the date OF
Spring openings here. And mems
shirts are in line for sharp advances,
so that lines which used to retail
around $1.35 are likely to command
$165 in 1887. with the general range
up 10 to 20 per cent. Price advances
Of about 10 per cent, on the average,
are slated to go into effect on Spring
lines Of floor and table lamps.
Handbags were so popular as Christ
mas gifts this year that store buyers
looking for items for January sales
are finding the going rather difficult.
Owing to the rising cost Of leather,
some manufacturers have had to turn
to lower-priced materials in order to
maintain prices on their volume lines.
Furniture Trade Scars.
Furniture trade people are looking
forward to the largest attendance in
the 40 years it has been in existence
at next months showing of new lines
at the local furniture exchange.
The increase in home building and
the rise in the marriage rate with the
return of measure Of prosperity are
keeping furniture factories humming.
Commodity prices have continued
to rise. on the average. this week.
The Dun & Bradstreet daily index
reached a new high Of 140.57 on De-
cember 2l. which represents rise Of
about 8 per cent since the present up
turn began at the end OF October.
tCopyright. 1860
Evening star., 1936-12-27
TRADE WITH CANADA
WELL ABOVE YEAR AGO

~ the Assoeiated Press.
A substantial increase in trade with
Canada during the first 10 months Of
this year Is reported by the Commerce
Department.
Exports to Canada were $315, ,476,-
900. compared with SITS, ,962. 900 for
the similar period last year. Imports
aggregated $298, All 900 and $232, ,4S7,-
900, respectively.
The trade agreement with Canada,
which stimulated the movement Of
numerous products. went into effect
last January l.