davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1937-04-15
CITY LEAGUE
TO BEGIN PLAY
ON MAY 18TH.

Cecil Ashley was elected
president of the Ell Centre
nightball league Wednesday
night at a regular meeting
of the loop directors when
Paul Eyer announced he would
be unable to handle the job be-
cause of his position with the city
council. Eyer, however, will re-
main on the board.
Ray Forshey is vice president
of the league, Chet Kilgore, Secre-
tary and John Hansen, treasurer,
Paul Eyer reported to the group
that the city would erect new lights
at the municipal park but that the
work could not be finished in
time for the opening of the city
league
The city league will begin loop
play May 10 on the Wilson school
field but will move To the city
park June ! at which time The
park will have been put in shape
Four organizations, the ElkS, ta.
gleS, 20-30 club and Flremen nave
entered tentative offers TO place
Il team in the city league and the
directors announced they would
accept entry blanks as late as
Tuesday night when the next meet
ing is scheduled.
The city league teams will be
allowed to use only three players
who are signed with any valley
league team, according to rule
passed by the directors.
The Coca Cola company's offer
to sponsor the valley team was
accepted by the directors.
The loop directors planned to
begin negotiations to sign up a
pitcher for the valley league team.
Ed Kelly may be obtained for the
El Centre team but the officials
are also angling for a coast hurler.
Imperial Valley press., 1937-04-15
FIRST GAMES
SCHEDULED IN
H. S. LEAGUE

BraWley and Ell Centro high
school baseball teams today pre-
pared 10 meet Imperial and Cali
patria diamondeers in first round
games this weekend while CaleXi-
co, defending champion, scheduled
a game with st. Augustine of San
Diego.
Calexico drew a bye in league
play this week and will open its
schedule against BraWley next
week.
Ell Centre high batters strength
ened their hitting averages yes
terday afternoon with a startling
ly easy 17-3 victory over Imperial,
and Brawley players ran through
a routine practice. Neither Braw-
ley nor El Centro are expected TO
have much trouble with their OPP
ponents.
Imperial Valley press., 1937-04-15

hand TOT the Ilfot night race OF
the season and the invasion OF
several coast and Arizona cars
should make the events even more
thrilling.
Ward SWarthout, Fred Salmen
and Hobe Herrick are rated as the
faVorites but Claude Herrick, Fred
Davis, Bob Douthitt and Yves An
derson will have TO be watched
Anderson who halls from CaleXi-
co has speeded up his tiny auto
and promises TO make a bid for
first place Friday.
Imperial Valley press., 1937-04-15
BAER STARTS
NEW COMEBACK

LONDON, April Is. WP)-MaXie
Baer, determined to start a string of
victories that will lead TO recovery
of the world heavyweight title,
starts his serious" comeback cam
paign in HalTingay Arena tonight
against Tommy Farr. clumsy %
year-old Welshman, who is heavy
weight champion of the British
Empire.
Baer, bronzed, hard as nails and
c0cky as of old was a 2-l favorite
to polish of the Welshman before
the fifth round and a 81 faVorite,
with very little Farr money in sight,
to win a 12-round decision.
Imperial Valley press., 1937-04-15

lasts that long.
Manuel Ortiz will tackle Dyna-
mite Diaz in the fourth fight of
the night and though he is favor
ed over the invader, Manuel Will
have to be at his best to wallop
the Pomona amateur.
Other Bouts
Don Woolridge vs. Ray Glass
Tuffy Loudermilk VS.. Bobby Pc
ceheco
William Luckadoo VS.. jess Gotta.
Imperial Valley press., 1937-04-15
BYRNE CHOSEN
LOYOLA FROSH
GRID MENTOR

LOS ANGELES, April Is. WP)-
Billy Byrne. hero of last years var
sity will succeed Bill Sargent as
Loyola University Frosh football
coach.
Resignation of Sargent, after five
years at Loyola, to enter private
business, and appointment of the
former backfield star was announc-
ed by Athletics Director Tom Lieb.
Bill Rozier. last years center, was
signed as Frosh line coach.
Imperial Valley press., 1937-04-15
TRACK COACH HIT
BY l2-IB. SHOT

PASADENA, Cal, April Is. W.P)-
Albion Walton, track coach, struck
in the back with a 12-pound shot
put, was in a hospital today. The
accident occurred at the Muir
Technical High School late yester-
day. His condition was reported
good"
Imperial Valley press., 1937-04-15

Salmen, however, has a new auto
for the events and picked him
self a certain winner. MY only
regret Salmen said, us that Har-
din Young won't be in the run
ming. With my new car I'd make
him look like a second rater."
Ward SWarthout would take no
prizes as a shrinking violet. I'll
win in a walk" he quoted him
self as saying, and unless all
the wheels come off my bus the
rest of the field will be watching
me lead the pack all night.
Imperial Valley press., 1937-04-15

LOS ANGELES, April Is. WP)-
Bob Nestell husky cowboy who
scored his 18th consecutive knock
out in a coming heavyweight box
ing career over Lee Ramage Tues
day night probably will fight Bob
Pastor of Philadelphia next.
Imperial Valley press., 1937-04-15
FUNERAL SERVICES
ARRANGED FOR TRAINER

STOCKTON, Cal, April Is. W.P)
Funeral services were being ar
ranged here today for Thomas
Brady, 60, veteran horse trainer,
who died suddenly at the fair
grounds here Yesterday.
Imperial Valley press., 1937-04-15
Midget Speed Demons to
ShoaV Stuff at E. G. OVal
In Opening Night Races

Twenty-Five midget will tear around the Ell
Centre speedway Friday night beginning o'clock in
series of events slated to oVershadoW program
witnessed this
Every valley driver except Hardin Young will be on
Imperial Valley press., 1937-04-15

CLEVELAND, April Is. UP
Iris Speaker, baseball immortal,
injured Sunday in a fall from
the second story porch OF his home,
showed continued improvement to-
day. He was expected to be hospi-
talized for another six weeks. un-
dergoing treatment for fractured
skull.
Imperial Valley press., 1937-04-15
PIRATES, CHISOX
TO TANGIF

KANSAS CITY, April Is U.P)-
The Pittsburgh Pirates and Chi
cago White Sox meet in their final
test of the exhibition season today.
The Sox clinched the nine game
series by winning their fifth game,
5-3. yesterday.
Imperial Valley press., 1937-04-15
HOGUE TWINS, JOE
VILLEGAS TAKE ON
TOUGH OPPONENTS

Bgboy battling Jacumba will de-
the Ell tonight against two Of
hhtweghts Joltng Joe Vegas and Manuel
other bouts of the four main events
pitted against opponents their
Imperial Valley press., 1937-04-15

MISTER. il you wont q knit union
suit that fits like u potato-sack.
you don't want HANEs. But il you
like it smuggling your ribs - with
q smooth. spruce. feutherweight
grip - HANEs is your dishl
No matter how much you wash
these suits. you cant loosen their
tight elastic-knit. Yet every move
you make. HANEs is ready to "qive"l
Imperial Valley press., 1937-04-15
DELINQUENT
COU TY T A X ES

April 20 will be the Last Day to:
Begin 10 Year Installment Plan Pay
ments; pay yearly instalment on plan
previously begun
Redeem on tax plus interest basis
Afterwards redemption on old penalties
Soo Hou,.tv A.Jstou
Imperial Valley press., 1937-04-15

And here's another thing: The
Lightweight Champion is mea-
sured Tor the length of your trunk
as we'll os the width of your chest.
You can sit. stoop. or walk in
HANEs and never be cromPed in
the crotch. This is underwear
NOT blunderwearl See your HANEs
Dealer today. P. H. Hones Knitting
Company. Winston-Solem. N. C.
Evening star., 1937-10-03
333c

%l.-gal. corrugated
galvanized gar bage
cans with tight cover.
Res. SOC. No phone
orders.
Others. SOC 70 oSc
Evening star., 1937-10-03
::}9:c

-WcarEvcr Alumi-
mum Sauce Pans. !
ut.. double Tipped,
Windsor shape. Orig.
i9c.
Evening star., 1937-12-23
JONES STATEMENT
ON c. & N. STUDIED
Exchange Contemplates No Ac-
ton on Delisting Despite Words
of R. F. C. Chairman.
BY the Associated Press

BY the Associated Press.
NEW YORK, Dec. 23.-The New
York Stock Exchange indicated it was
interested yesterday in the statement
of Jesse r. Jones, chairman of the
Reconstruction Finance Corp, that
the capital stock of Chicago & North
Western Railroads Co. now has no
value"
At the exchange it was said claims
from any responsible source that a
listed stock was without value prop
erly was a subject of inquiry by the
Stock List Committee However. it
was emphasized the Exchange has
not considered any move to delist the
North Western shares.
Jones' comment on the North West
ern shares appeared in a letter to an
insurance group committee which
prepared a reorganization plan tor
the road.
I'VE realize" he said that the
stock, common and preferred, now
has no value, but in spirit of fair
ness to the stockholders they should
be given the right to reinstate them
selves by the purchase of new stock
from the treasurer of the road on
some proper basis"
The Exchanges policy on delisting
shares declared to have no value has
been guided, it was said, by a broad
consideration of all the conditions.
The fact a company's shares have no
intrinsic value at a given time has
not in the past been adjudged grounds
for delisting. A more important de-
terminant. it was explained. was the
prospect for re-establishment of value,
Evening star., 1937-12-23
TRADERS DESERT
MARKET EARLIER
Fluctuations Too Narrow to
Provide Clue for Security
Operations.
By the Associated Press.

NEW YORK, Dec 23.-Traders have
been deserting the financial district for
Christmas holiday earlier than usual
this year, as might be inferred from
the slow pace on the stock exchange
this week
Fluctuations lately have been too
narrow to provide ticker bait for any
except the most agile in-and-outers.
Those who depend on the usual cues
for guidance haven't been so much at
sea for this time of the year since 1894
All the signs. marketWise and in busi-
ness, pointed up in the dying days of
1885 and 1886. Now speculative
markets are wallowing in what many
take to be trough after the spring
and autumn breaks this year
The past few weeks the tops of each
rally have been successfully lower.
But most of the important trading
stocks have held above the October
low points. Hence those who depend
on the trend lines for pointers can't
figure out whether the next WORTH
while swing is going to be up or down.
The most some experts are willing to
venture at this stage is the guess the
share list should break out into a year.
end bulge before New Year.
Meanwhile, departing traders for the
Christmas holidays see more point in
going window shopping than ticker
gazing until the market comes out of
its trance
Would-be share buyers have been
in no hurry to reach for stocks as
long as major business indices are
on the skids Year-end industrial
curtailment is expected to be more
extensive than in the final period
OF 1886, when manufacturing was
so active the boom" note was DOM
inant in business surveys and fore
casts.
Rarely have industrial commenta-
tors looked back upon a more COM
plete change in the business picture
between midyear and Christmas.
The change was emphasized by the
Department of Labor's --latest en-
ployment report making the October
to November decline in jobs runner-up
to 1920 as the record holder.
Trade reports from New York CITY
and other centers, however indi-
cate business on the whole is better
than the production decline indicates
People, it appears. have been buying
| more than industry has been turning
out. This is what keeps many COM
mentators more optimistic than might
be justified by actual business figures
and year-end curtai1ment prospects.
Evening star., 1937-12-23
UNCERTAINTY FELT
ON RAIL FARE PLEA
Porter Shows >EmphaticaIIy
He Doubts How Boost
Would Effect Nets.
BY the Associated Press.

By the Associated Press.
An Interstate Commerce commits
sionel indicated emphatically, by COM
ments and questions, today that he
was uncertain of the effect proposed
la-cent increase in passenger coach
fares would have on travel
Commissioner Claude C. Porter
hearing an application of Eastern lines
for the increase, pelted F. j. Wall, vice
president of the New York, New
Haven g. Hartford Railroad, with
queries as to the advisability of the
proposal.
Wall, arguing that his line must
obtain additional revenue to meet in
creasing costs of operation, said IS
per cent Of the New Haven expenses
result from providing passenger serv-
ice and that II per cent of its pas
senger revenue comes from coach
fares.
Based on returns for the IL months
ended last May 81, the witness assert
ed an increase from cents to 2h
cents mile in coach fares would give
the New Haven $3,400,000 more
revenue annually.
Porter commented that 1t was an
assumption that an increased rate
would not affect the volume of travel.
Wall agreed.
Wall attributed sharp increase in
business following reduction of the
basic fare from 36 cents to 2 cents
in June, 1886, to "a combination of
causes" and not to the reduction
alone.
Porter" had asked if a constant
and steady increase" had not followed
the /. c. C. order reducing the fare
and If New Haven trustees had not
obtained authority to buy so new
coaches to take care of the increased
business.
Wall said the Eastern roads. in
asking l2-cent increase, were mercy
seeking authority to experiment and
that I'D be the first to say so" if
the 2ll2-cent fare did not prove salts
factory.
Porter commented that you we're
the last" to ask a reduction from the
3.6 fare.
Evening star., 1937-12-23
EXCHANGE EFROWNS
ON Low QU0RUMS
Small Percentages to Affect
Eligibility of Securities
for Listing.
BY the Associated Press.

NEW YORK, Dec. 23.-The New
York Stock Exchange took steps yes
terday to spike the practice of certain
corporations of fixing small per-
centage Of outstanding capital stock
as sufficient for a quorum at stock
holders meetings.
Charles r. Gay. president gave
notice that quorum policies in the
future will affect the eligibility Of
securities for listing"
Pointing out that the low quorum"
limits were traceable in part to difi-
culties encountered by corporations in
obtaining proxies from brokers, he
announced new proxy rules had been
drawn up, one of which henceforth
makes 1t obligatory for a member or
member firm to give or vote q proxy
for shares registered in his or its
name as directed by the owner"
Resolution Adopted.
1t was announced the Committee on
Stock List had adopted this resolution:
THE committee is concerned
with the growing tendency of corpora
tlons to adopt less than so Der cent
OF their voting stock as a quorum for
stockholders meetings. After the 1888
annual meetings of any corporation,
the committee will consider carefully
the proportion Of stock required under
Its charter or bylaws to provide a
quorum as it may affect the eligibility
OF the securities of such corporation
for listing"
Gay explained.
Corporations have complained of
growing difficulties in obtaining proxies
on stock in street names. =
Dlfnculties In obtaining proxies appear
70 be increasing rather than diminish
ing, with the result that there is a
tendency to reduce the percentage of
STOCK necessary for quorum, wherever
not otherwise required by law, to less
than a majority of the amount of
voting stock outstanding.
Examples Are Cited.
Percentages of 40 per cent, 33l,
per cent, Is per cent and 10 per cent
have been adopted and, in at least one
case. it has been provided that the
stock represented at the meeting
should constitute quorum irrespec-
tive OF its percentage of the total
amount outstanding.
1T also appears that, where there
is no quorum for a meeting for the
election OF directors, the effect of the
lack of adequate response tn reouests
Tor proxies tends to maintain the old
board of directors in ONCE, thus
perpetuating the existing manage
ment. -
Efficient management of corpora
tions whose securities are listed upon
the exchange is essential in the public
interest generally, and the duty of
cooperation to secure this end is
manifest"
Evening star., 1937-12-23
DROP CONTINUES !
|NBANK KCLEAR|NCS
Decline From 1886 Levels
Reduced to 14.4 Per Cent
in Week.
By the Associated Press,


NEW YORK, Dec. 23.-The con-
tinued decline in bank clearings from
the 1895 comparative has now carried
into the sixth successive week. al
though the drop recorded in the last
period was not so severe as that in
the one preceding.
The total for % leading cities of
the United States for the week ended
Wednesday, December %, as reported
to Dun & Bradstreet, Inc, amounted
to ,524,OOo as compared with
s7,762 100000 in the corresponding
1885 period, or decrease of l44 per
cent This contrasted with a loss of
243 per cent for the similar COM
parison week ago.
The turnover at New York aggre-
gated s4,2s4 4,256, 900, compared with
$50. .284,OoO for the same week last
year, or drop of 1853 per cent. Total
volume for cities outside of New York
went to 1851 1858 900, against s2,612,-
$4,000 a year ago, or decrease of 9.6
per cent.
Clearings this week rose s1,170,8l8,-
600 from the total Of the week pre-
vious, while the similar comparison
for the two like weeks Of 1886 showed
loss of s531,818,0o0.
Declines at outside centers were
quite general, the most important OF
which were Pittsburgh. 81 per cent;
Buffalo. Is per cent; Detroit 1873 per
cent; Boston, 15.2 per cent; Chicago.
Isl per cent; Philadelphia, 1T per
cent; Louisville, 1l.6 per cent, and
Cincinnati. "a per cent.
Bank clearings at leading cities
together with percentage changes
from year ago. follow also. the daily
average bank clearings for the months
of October, November and December
to date.
Evening star., 1937-12-23
PARIS BANK REPORT.

PARIS, Dec. 23 R-The Bank OF
France statement as Of December 1s (fu
UNCHANGED Sight balances abroad. 80;
increase. 3. Bills bought abroad. ola: un.
ehansed. Discounted commercial bills
France 1855; decrease. 500. Temporary
advances to state (prior to June Is, 1886,
I2,098: unchanged Temporary andvances
to state tsince June Is, 1880. 14.S2O:
3194: increase. 81. Circulation, O.4O2;
decrease, 40: Total credit to current
account. 1888: decrease. 97 Thirty-day
advances against government securities.
456: increase, 119. Ratio of gold ii sight
liabilities, 1923 per cent, compared with
1881 last week
Rate of discount, 3 per cent
Evening star., 1937-12-23
PACKING FIRM LOSS
S67O,542.68 FOR YEAR
BY the Associated Press.

BY the Associated Press.
OTTUMWA, Iowa, Dec. 23.-Jonn
Morrell g. Co., packers. had a net
loss of $670.542.68 for the fiscal
year ended october 80, despite net
sales in excess OF $s9, 600, 900, r. Henry
Foster, president, announced.
Foster attributed the loss mainly
to droughts of recent years which
brought on q serious shortage of sup
plies. It was the FIRST loss for the
firm since 1911, he said.
Evening star., 1937-12-23
FOREIGN MARKETS.

practically at standstill in today'S stock
market with the holiday atmosphere pre-
vailing. Industrials and trans-Atlantic
the general tendency steady the remainder
OF the list WAS featureless.
PARASITIC Bourse closed with mixed
tone, some international shares holding
Arm. Royal Dutch gained 46 francs and
rentes finished 20 centimes higher to 20
lower. Bank Of France issue moved up 70
Wednesdays finar>And lost 13O francs.
Evening star., 1937-12-23
LONDON BANK REPORT.

LONDON. Dec % P.-The Bank o.
England statement. as Of Dec: 20 Qn thou.
nsT..se isnSs ef nGssssds ss suos G5su's s5 as
crease, $50. Reserves, 37.9s7: decrease
1921; public deposits. 1871; decrease
f,fI Private deposits. 134712: decrease
5i3i Government scuritis p6.45a: in.
crease, l,450. Other securities, 2S,e86
Increase, 421: Proportion Of the bank
reserve to liability Is 261 per cent. com.
nared with 30.1 last week.
Rate Of discount. per cent.
Evening star., 1937-12-23
BY the Associated Press.

By the Associated Press.
NEW YORK, Dec. 23.-United
States Government issues came to the
fore in the bond market today with a
late upturn ranging to "a of a point.
Earlier most of the Federals had
ruled Slightly under previous closings.
Corporate loans had no definite trend,
but junior ratings generally sagged in
the absence of support
Down fractions to a point or more
were Southern Railway As, Southern
Pacific 4l2s. New Haven IS of 1910,
Columbia Gas e. Electric SIS and Erie
IS. Chesapeake & Ohio 4las moved
up about point. Loans of Bethlehem
Steel, Studebaker and North American
were fractionally ahead
A new sinking spell in Japanese gov
ernment issues Topped off l to points.
Cuban and Polish obligations were
among the best performers in the for
eign group
Evening star., 1937-12-23
U. S. TREASURY POSITION.
By the Associated Press.

The position of the Treasury on Decem.
lures, S67 .531. .634 so: balance. S3.02I..
913,095. 80: customs receipts for the
month. S21 $3.50. 6.279.4I.
u. S3.0s5. IA, 656.0I expenditures "a. "a.
662. 143,996.05, including S974,272, ,557 s.,
of emergency expenditures: excess OF
S37.264. .623. .9sOs5. q decrease Of S4s'
6S7,549.57 below the previous day: gold
assets. $12.764. .943. 1877 .OS. including ST.
232, ,662. 1893 Of inactive gold.
Evening star., 1937-12-23
WessOn Oil Net
Drops to s7O9,465
In Three Months
By the Associated Press.

By the Associated Press.
NEW YORK, Dec. 23.-Wesson Oil
g. Snowdrift Co., and subsidiaries, to-
day reported net earnings for the
quarter ended November 80 of s709,-
465, compared with total for the
same quarter a year ago of 1921 ,701
Earnings per common share were 70
cents, compared with SITS for the
previous period
The November quarter is the first of
the company's fiscal year.
Evening star., 1937-12-23
FOREIGN MARKETS.

NEW YORK. Dec, % 0p,.-call money
steady; per cent all day; prime CONNER
eial paper. l per cent time loans steady:
5000 days, "; As months, u per
Iediscount rate. New York Reserve Bank. 1
per cent.
Evening star., 1937-12-23
RUBBER FUTURES.

NEW YORK. Dec. % Rp.-crude rubber
futures opened to 13 lower. March
Is. cob: May. 15.30b: July, 16.4o.
Bid.
Evening star., 1937-12-23
INVESTING COMPANIES

NEW YORK. Dec. % lP.-Nev York
Security Dealers Association:
moon quotations
Evening star., 1937-12-23

kNOXv1LLE, Tenn. Dec. 23 R,.-East
Tennessee's. hurley tobacco markets closed
for the Christmas holiday season yesterday
with prices averaging lower than at any
tlme since sales started two weeks ago
The markets will reopen January q
Evening star., 1937-12-23
TOBACCO MARKETS.

ABINGDON Va. Dec 90 tP-Inferior
tobacco was blamed today for the decrease
OF the average price per hundredweight
in e-Christmss sales Of hurley compared
with sales for the same period last year
The market closed yesterday for the
uary 3.
Sales through yesterday totaled 4736.-
142 pounds at an average price OF S23 90
per hundred. against last years pre-
holiday sales of 3s52,216 pounds at an
average of S34 90
Bennett Hooks, sales supervisor. said
this years prices as compared with last
years yysssr ARE far better than they look on
the report. The quality is much poorer
this year and the large quantity Of common
tobacco which has been sold has held
the average price considerably under the
pre-Christmas average of last season.
NASHVILLE, Tenn Dec 90 LP-Sales
on Middle Tennessees hurley tobacco mar
kets were comparatively light yesterday
as auctions were suspended for the Christ
mas holidays to reopen January 8.
Pounds. Money. Average.
HartSVlile - 1SS,S00 $46.015 06 S24 40
Carthage - 101 1913 22S734 a. 80 az
Franklin - $4,000 l9,462 SO $3.50
Evening star., 1937-12-23
NEW YORK BANK STOCKS

NEW YORK, Dec ~ lp.-New York
Security Dealers Association: