davidaulloa/AmericanStories huggingface dataset:
Evening star., 1936-07-26
PRIVATE AGENCIES
HEAD LOAN FIELD
0utdo Federal Housing Ad-
ministration and Also
Charge Lower Rate.
Special Dispatch to The Star.

CHICAGO. July 25.-Despite the in
creased activities of the Federal Hous-
ing Administration, the private mort
gage lenders ever the country are con-
tinuing to make the bulk of the loans
according to poll OF members of the
Mortgage Bankers Association OF
America, results Of which we're made
public today. Reports from 20 cities
also showed that private lenders are
making loans at an average Of almost
/ per cent less interest than the Gov
ernment agency.
The average interest rate charged by
private mortgage lenders in 20 prin-
cipal cities covered by the poll was
$50 per cent, which Is more than
three-fourths OF l per cent less than
the 6.38 per cent interest rate of F.. H.
A. insured loans. This latter figure,
6.38 per cent, represents the actual
cost Of F. H. A. loans rather than the
per cent figure more often used, ac-
cording to the association. Average
interest rate in the Far West and
Mountain States was ST per cent. in
the Middle West States 5.3 per cent in
the Southern States 5.87 per cent and
in the Eastern States $50 per cent. ac-
cording to the survey. In commenting
l.. A. Mclean, president, said
1T would appear from our reports
that F. H. A. will not make more than
10 per cent of the total amount of
mortgages this year. Our report
showed that in 20 principal cities, in
all of which the Government agency's
lenders were very active, F. H. A. ac-
counted for 24.4 per cent of the total
in the first six months this year. while
private lenders made 75.6 per cent Of
the total. With this as a base for the
entire country and keeping in mind
that there are thousands OF commu-
mites over the land where F. H. A.
lenders are not active, but where pri-
vate institutions are making loans
daily, it would appear that F. H. A.
total for the year certainly will not
exceed 10 per cent. This Is about the
same proportion of the total amount
of urban mortgages made by F. H. A.
last year, according to the best infor-
nation"
For the past six months. according
to the associations poll. private lend
ers have done their greatest proper
ton of business in the Far West and
Mountain States, where they aver
aged II per cent of the mortgage
loans with F. H. A. making only 20
per cent F. H. A. was shown as max
ing most progress in the South, where,
the associations survey revealed, it
has accounted for AZ per cent of the
mortgages while private lenders made
46.9 per cent,
Evening star., 1936-07-26
AUTO COMPANIES
DISPLAY RESERVE
Manufacturers Guard Their
Optimism in ForeCasting
4,6O0,O0O Cars.
RV DAVJD IVIJKUE
"I DEkVHD u VELINEE,
Associated Press Stan Writer.

! DETROIT. July 25.-Announcement
by the Automobile Manufacturers AS
sociation that this years output OF
the factories should total $500, 900 cars
and trucks indicates the men who
make motor cars still are taking no
chances on being termed too opti-
mistic
Trade observers for several weeks
have been predicting 4,800, 900 as the
probable figure. and while the differ
ence in the two estimates represents
only two weeks operatfuntat the cur
rent level of factory activity, the pro-
ducers were correct in their prelim-
mary estimate for 1885 when they
announced in Midsummer that 4,l50,-
600 units would be the years total.
Little July Decline.
July has shown little decline, either
in production or retail distribution. over
the factory and dealer activity of the
preceding month. Some curtailment
in August appears inevitable, even to
the most optimistic of the producers
and distributors A few plant man
ayers already have arranged to install
new equipment during August. but
most of that work will be spread over
the following two months.
Not so many years ago the manufac-
turers were inclined to issue rather
liberal estimates of the probable out
put for a given period. and if neces-
sary revise the figures downward at
later date. Three years of steadily
declining demand for motor vehicles
that began with 1880, saw so many
predictions go awry, however, that
when the upturn did begin producers
generally were reluctant to make any
estimates Of the probable output
volume.
Even the conservative 4, 800 900 es-
innate for the present year is sur
rounded with qualifications. UNLESS
current trends are seriously disturbed"
said the announcement, motor lead
ers are fairly confident the industry
will be able to finish the year with an
output of 100000 cars and trucks"
Overseas Trade Factor.
One of the things interesting the
makers in the estimate of the total
output for the year concerns the num-
ber of units assembled for shipment
abroad. The overseas trade, like the
domestic distribution, has moved
steadily upward, despite the fact all
the volume producers have plants in
Europe and elsewhere to meet the
requirements of the various countries,
that to escape heavy tariff imposts
motor vehicles must contain a certain
percentage of native produced materi-
ais and be built with native labor.
While they may not reach it this
year, American motor car manufac-
turers still are aiming at the 1000 900
unit mark in overseas shipments of
American-made vehicles. The s97, SOC
cars and trucks shipped abroad in
1929 were the greatest number ever
assembled for export.
Evening star., 1936-07-26
Wholesale Quotations Are as Much as
1870 As Per Cent Higher Today
Than in Mid. June.
DROUGHT PRICE MOVEMENTS


Northwest first began to influence the
markets. Corn has advanced As per
cent in this period, oats 40 per cent,
rye % per cent and butter about IA
per cent.
Partly because Of the drought,
cheese futures sold on the mercantile
exchange at sn all-time high. Single
Daisies" for November delivery closed
at 49, cents a pound yesterday, after
touching high Of l8s.. On carlot
basis cheese values were more than
1852 a carlot above year ago and
SCOT above the low point of the year
established in May.
Idaho russet potatoes for January
delivery sold at $3.50 per hundred
weight, new high price for the year.
Potato prices have risen partly ulder
the influence of a Government report
indicating that production in the 80
late States would be 54,300,Oo0 bushels
short of last seasons crop.
Evening star., 1936-07-26
REFRIGERATOR SALES.

NEW YORK, July Is R.-The Ma.
tional Electrical Manufacturers Asso-
citation reports world sales Of house.
hold refrigerators in June totaled
253,853 units valued at $l8, 2,3l9,
compared with 159,167 units and $12,-
86,349 in the like 1885 month. For
the six months ended June 80, 1,410,.
s83 units were sold, against 1,o71,7s4
q year ago. Dollar values Of the first
half sales were $ll4.257,s50, against
$50, ,452 ,6s6.
Evening star., 1936-07-26
Extra Payroll
Announced bv
Harvester Co.
Bv The Associated Press.


CHICAGO, July 25.-The Inter-
national Harvester Co. today an
nounced extra compensation will
be paid all employees in the United
States and Canada, who have
worked for the company one year
or more by october 81.
All employees who on that date
have worked one year but less than
two years will receive an extra
weeks pay. Employees having
worked for two years or more will
receive two weeks pay.
officials said an extra compen-
satiOn plan had not been in oper-
alton for several years.
Officials also announced that
''the pension plan which has been
maintained at the companys own
expense since 1908 will undergo
notifications made necessary by
the Federal social securities act"
bat did not elaborate on this state
ment
Evening star., 1936-07-26
CIVIL WAR UPSETS
FOREIGN EXCHANGE
Gold Bloc Suffers Most
From Speculation Span
ish Peseta Is "Pegged."
By tie Associated Press

BY tie Associated Press.
NEW YORK. July 25-Rapid spread
of civil war in Spain brought re-
newed nervousness in leading foreign
currencies the past week.
The gold bloc suffered the most as
speculation became active on the
short side. and frightened funds from
the continent sought temporary
haven in London, New York and other
centers. Official control operations
were reported to have intervened on
several occasions when the French
franc threatened to slip to the level
at which it would be profitable to
ship gold from Paris, thereby holding
the Unit slightly above that point.
Spanish Peseta Supported.
The Spanish peseta, ordinarily an
inactive currency, was traded at a
more rapid pace. but strong support
confined losses to a small fraction
Beginning the week at 1878 cents,
the peseta gave ground steadily until
it reached 1870. at which point it had
the appearance of being 'pegged."
The French franc retreated in or
derly fashion from 6.83 cents to 6.61
cents before steadying. Its gold ex-
port point is 6.591s cents. Holland
guilders dropped from high of 6816
cents to well below $500 cents, and
Swiss francs lost about .05 of q cent
on balance. The British pound ster-
ling yielded from above $500 to
around $5.01a.
Eastern Currencies Gain.
A sharp drop in Far Eastern cur
rencies followed rumors, subsequently
denied. that the japanese govern
ment intended to inaugurate reforms
in speculative markets. Substantial
recovery followed the denials.
Evening star., 1936-07-26
ELECTRICAL INDUSTRY
PROSPECTS BRIGHT

Prospects for the electrical equip
ment industry are among the most
favorable which exist today, accord
ing to an analysis of 28 industries
issued bi-weekly by Fenner q Beane.
members Of the New York Stock Ex-
change. Both light and heavy equip
ment are enjoying increasing demand
and are contributing to the activity
Of the industry, the survey states.
Evening star., 1936-07-26
SEVERE CUT SEEN
IN WORLD WHEAT
One of Smallest Harvests in
Years Reported by U. S.
Agency.
BY tire Associated Press.

BY TIE Associated Press
Prospects for one Of the smallest
world harvestS of durum wheat in
years were reported yesterday by the
Division of Foreign Crops and Mar
kets, Department of Agriculture.
Preliminary estimates indicated =
yield of less than 96,000,00O bushels
in the United States, Italy, Morocco,
Algeria and Tunisia That compares
with $4,000 900 bushels last year and
a l930-1934 average of 139,000,000
bushels.
Canadian production is expected to
be small because of the drought. In
addition, all carryover supplies Of
durums are very small.
The first official estimate Of the
1867 Australian wheat acreage was
placed at 12.400,0G0 acres. compared
with 11,809 900 last season. Argentine
wheat supplies available for export
were placed at 80, 7l9, 900 bushels. COM
pared with more than 68,364 for the
same time last season.
Arrivals Of domestic wheat at Shang-
hal were above mill requirements and
the spot market was dull. Wheat and
-four prices increased in Japan, with
quotations on foreign wheat rejecting
higher world prices.
Big Argentine Corn Crop.
Argentina has harvested another
large corn crop. Despite delayed har-
vesting and shelling and reduced
quality. the government estimated the
new crop at 381 .75o 900 bushels, or
only 16 per cent less than the record
45l 1882 ,000- -bushel crop last season.
This, plus a carryover of 3sOO0.0 900
bushels, leaves total supplies about the
same as q year ago.
The European cotton textile situa-
ton improved during June, with raw
cotton buying by mills assuming fairly
large volume N several countries.
Liverpool price relationships between
Brazilian and American cotton moved
considerably in favor of the former
Although prospects for deciduous
fruits are not so favorable in most
European countries as they were a
month ago, indications pointed to
larger crops than last year, particu-
larly apples and pears.
Pork Quotas Granted.
The British government has granted
to participating countries a total cured
pork quota of 178,156,000 pounds for
the last four months of 1886. The
United States quota of total British
imports was the usual 81 per cent, ur
about IA ,431 900 pounds.
Germany reported further increase
in hog numbers with slaughter sup
plies continuing to rise. Although
United States exports of lard to that
country increased in recent months.
they still were at very low level
Evening star., 1936-07-26
81 the Associated Press.

CHICAGO, July 25.-Five weeks Of
weather markets" with drought and
heat damaging crops and kicking up
radical price fluctuations. put whole
sale quotations of major farm COM
modities IA some cases as much as
18 to As per cent higher today than
they were in mid-June.
Although market quotations on
wheat, oats, rye. butter, eggs and cat
tie receded slightly from the peak
levels they reached around mid-July.
before partial relief from heat and
drought was received, the general level
of prices was we'll above what it was
on July and at mid-JWle. Further
more, most commodities were selling
above a year ago.
Chicago market quotations on wheat
were approximately 18 per cent higher
than they were in the middle of June,
when the effects of drought in the
Evening star., 1936-07-26
TRANSIT REVENUES ADD
TO GAINS OVER YEAR AGO

Special Dispatch to The Star.
NEW YORK, July 25.-Revenues
for the transit industry, based on
telegraphic reports received from a
representative group of transit oper-
ating companies, for the week ending
July 1S, showed continuing improve
ment over last year. Transit Journals
revenue indicator stands at l0817,
as compared with the corresponding
week in 1895.
Discounting the usual Summer
slump in riding, revenue gains over
last year continued at nearly the same
rate as in recent weeks. The i'm
provement was so evenly distributed
all over the United States that no
section could be picked out as show
ing trend differing greatly from the
average.
Evening star., 1936-07-26
LA FRANCE INDUSTRIES
SEEKS TO REORGANlZE

By the Associated Press.
PHILADELPHIA, July 25.-Reor-
ganization Of its $5,000,000 business
under section 77-B of the Federal
bankruptcy. act was asked today by
La France Industries, manufacturer
of upholstery, rugs and draperies.
In o petition filed in Federal Dis
trict Court the company stated its
assets amounted to $4,971 ,942, against
liabilities Of $2,o42,2s2, and its diffi-
culties were traceable to insufficient
liquid assets to meet current obliga-
tt0oo.
Evening star., 1936-07-26
DIVIDEND is DECLARED
BY DANVILLE MILLS
BY the Associated Press.

by lNe ASSUCIaCeu FIesB.
DANVILLE, Va, July 25.-The
Riverside and Dan River cotton mills
directors at their regular monthly ses-
sion today declared another $3-a-
share dividend on the preferred stock
payable August /.
This dividend, which accrued Janu-
ary /, 1882, and which was passed,
amounts to $225,000. It carried
per cent interest from the time it was
due until now, or $4,000.
The directors were told Of an i'm.
provement in the cotton goods market.
Evening star., 1936-07-26
TRANSIT REVENUES.

NEW YORK, July as P.-The
Transit Journal reports revenues OF
the transit industry for the week
ended July 18 showed continuing i'm
provement over last year, but de-
clined seasonally compared with the
preceding week. The journals indi-
Gator stood at 10s.17 on July 18, COM
pared with 108.74 Q week earlier.
Evening star., 1936-07-26
GOLD STOCKS GAIN.

NEW YORK, July Is (P.-New
York Federal Reserve Bank reported
today q gain in monetary gold stocks
Of $2,250, 900 resulting from q decrease
Of that amount in earmarked gold for
foreign account. There were no i'm.
ports or exports and no engagements
q metal Tor import.
Evening star., 1936-07-26
BRAZIL SENDS MISSION
TO VISIT JAPANESE

BY the Associated Press.
RIO DE JANEIRO, July 25.-A
Brazilian trade delegation left today
for Japan-leading cotton customer
this year and q source of possible
financial credits and manufactured
goods for this South American nation.
The delegation sailed to repay the
visit here last year Of an economic
mission headed by Hachisaburo Hirao,
representing the Federation Of Japa-
nese Chambers Of Commerce. Japa-
nese-Brazilian trade picked up after
that visit.
Evening star., 1936-07-26
FOUR BANKING OFFICES
OPENED DURING WEEK

81 ecial Dispatch to The Star.
CHICAGO, July 25.-Four new
banking offices were opened during
the last week. one each in Arkansas,
Nebraska, North Carolina and Wis
consin, according to the Rand Nc
Nally Bankers Monthly.
The survey also reports two banks
in the process Of organiSation-one
in Arkansas and one in Mississippi;
absorptions, IS changes in title, 4
consultations and 5 discontinued
banks.
Imperial Valley press., 1936-03-17
OF
PONTIAC SIX
DEMONSTRATED

Economy of a 1886 Pontiac mas
ter six sedan was demonstrated re-
Gently in a series of test runs over
a measured three mile concrete
track. Performances up to "a miles
Per gallon of gasoline were record
ed according to C.. P. Simpson.
general sales manager Of the COM
pany.
Tests were run and gasoline con-
sumption recorded at 20, 40, SO, GO
and 10 miles per hour, the best
average being "a miles per gallon.
The average for all speeds from
20 to 10 was 1T miles per gallon.
Most motorists maintain an
average speed Of from 40 to so
miles an hour" said Simpson land
at those speeds the Pontiac show
ed the very good economy of
from II to- 10 miles per gallon of
gas.
"The Pontiac straight eight did
almost as well for the same series
of runs with a high average of %
miles per gallon and an average
for all five speeds of 1885 miles
per gallon. At the normal driving
averages of 40 to so miles an hour,
gasoline consumption varied from
16 to IS miles per gallon.
Motorists must remember that
high speed means high gasoline
consumption and to get maximum
economy on gasoline, Gil and wear
and tear the lower speeds give the
highest results"
Imperial Valley press., 1936-03-17

employed husband, the children's
needs and her inability to provide
for them, she said, forced her &C
ton.
Now, she continued, circum-
stances demand that she must give
the children up entirely and re-
main away from them if they are
to be reared in the comfortable
homes they have found.
This, she said, applies particu-
larly to the case of her two-year-
old sen, Edward Francis, who was
taken by an unidentified Santa
Cruz couple and now is established
in a comfortable home somewhere
down the country"
In the boys case, she explained,
it is particularly necessary that
she remain away that the child'5
new parents remain anonymous.
Mr.. and Mrs. Einar Simonson,
who took two-months-old Dolores,
have announced they will seek for
NAL adoption of the baby immedi-
ately. The young mother visited
the Simonson's yesterday and babe
her daughter farewell with a de-
parting kiss.
Although Jones said he did not
favor adoption of his children, he
indicated circumstances would
Imperial Valley press., 1936-03-17
LEGAL ADVERTISEMENT
SUMMONS
No. 1912

IN THE SUPERIOR COURT OF
THE STATE OF CALIFORNIA,
IN AND FOR THE COUNTY OF
IMPERIAL.
BANK OF AMERICA NATIONAL
TRUST AND SAVINGS ASSO-
CITATION, a national banking
association, Plaintiff.
VS..
ALICE L. PYLE, ALICE L. PYLE,
as administrative of the Estate of
THOMAS E. PYLE, deceased, ct
al, Defendants.
HICKCOX & TRUDE, Attorneys
for Plaintiff.
The People of the State of Cali
fornia Send Greetings to Alice L.
Pyle, Alice L. Pyle, as administra-
briX of the Estate of Thomas E.
Pyle, deceased, GEORGE j. PYLE,
also known as Geo. Pyle and also
known as Geo. j. Pyle, Lee A. Pyle
and Edith Yarnell Pyle, his wife,
John H. Pyle and Amy Strong Pyle,
his wife, Cora Pyle Shank, Florence
Pyle Bradley, Alvin i. Pinkney, also
known as Alvin H. Pinkney, Silas
Sellers Pinkney, Vesta Florine Pyle
Thomas E. Pyle, Jr., Allyene Leslie
Pyle, Frances A. Ryan, also known
as Frances G. Ryan, N. c. Deaton,
Corporation Of America. a corpora
ton, as Trustee, Whiting-Mea
Company of San Diego, a corpor-
alton, John Doe, Richard Doe.
Henry Poe, John Doe Co., a corpor-
alton, Richard Roe Co., a corpo A.
ton, Henry Roe Co., a corporation,
Doe First, Doe Second, Doe Third,
Doe Fourth and Doe Fifth, De-
PENDANTS.
YOU ARE HEREBY DIRECTED
TO APPEAR and answer the Com
plant in an action entitled as
above, brought against you in the
Superior Court of the County of
Imperial, State of California, with
in ten days after the service on
you of this Summons i served
within this county; or within thirty
days if served elsewhere.
And you are hereby notified that
unless you apear ana answer as
above required, the said Plaintiff
VIII take Judgment for any money
or damages demanded in the COM
plant, as arising upon contract, or
it will apply to the Court for any
other relief demanded in the Cen,
plant.
Given under my hand and the
seal Of the Superior Court of the
County of Imperial, State of Cali
fornia, this 18th day of December
1885.
EDWARD H. LAW.
Clerk.
BY CITHA LAWSON,
tSeaD Deputy Clerk.
j. 28-Feb.4,11, 1872 Mars TO- 1924
APPS.
Imperial Valley press., 1936-03-17

Duroc class, Boar, years or over
first, Junior yearling, first; Junior
pig, first. Sow years or over,
first; senior yearling, first; Junior
pig, first; senior boar pig, second;
Junior pig, second; senior yearling
sow, second; junior SOW pig, Sec
ond.
DurCc herds: Boar and 3 sows
over year, first; produce of dam,
first; boar and three Sows, first:
senior SOW pig, second; boar and
3 sows under year, second; a ami
mails get CT sire, second; best of
3 swine, second; junior boar pig,
third.
Rudolph Adams: Duroc SOW 2
years or over, second; 4 animals
produce of dam, third.
Jack Adams: Best sow and lit
ter, first; senior yearling sow,
third.
Hampshire Class
H. M Schniediwind: junior
yearling boar, first; SOW 2 years or
over, first; senior yearling SOW,
first; Junior yearling sow. first;
senior pig, first; sow and litter,
first; senior and Junior yearling
sow, second; SOW and litter, sec
ond Herds: boar and sows over
| year, first; boar and soWs I'M
der year, first; bear and 3 soWs
bred by exhibitor, first; boar and
3 soWs under year, second; ami
mails get of sire, second; a animals
produce of dam, second; animals
get of sire, first; animals pro-
duce Of dam, first; Junior boar
pig, lirst: junior SOW pig, first;
Junior boar pig, second junior
sow pig, second; junior boar pig,
third; junior Sow pig, third
Robert Ballou, Hampshire, best
fat butcher swine, first.
Chester whites: R. d. Mercereau,
senior pig. first; SOW years or
ever first; senior SOW pig, first;
Junior SOW peg, first senior boar
pig, second; senior SOW pig, sec
ond; junior SOW pig, second; Sc
Nor boar pig, third; senior SOW
pig, third; Junior sow pig, third,
Herds: boar and sows under year
first; boar and 3 sowS bred by
exhibitor, first; 4 animals get of
sire, first; produce Of dam, first;
boar and Sows under year, sec
end; bear and 3 sows bred by ex-
hibitor, second; get of sire, Sec
ond; produce OF dam, second;
boar and 3 soWs under year, third,
boar and three bred by exhibitor,
third; best three fat swine, third;
produce of dam, third.
Ray Hovley, Chester white boar
senior pig, first.
Guernsey BULLS years and over
first Howard Farnsworth, second
Havekorst Guernsey Farm.
Senior yearling-first, Havekorst
Guernsey Farm.
Junior yearling - first, Howard
FarnsWorth; second Havekorst
Guernsey Farm; third, Frank Ros-
enbaum.
Senior calf-HoWard FarnSWorth,
first; second, Frank Rosenbaum.
Junior calf-first, Howard Farms