davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1938-10-12
By ]. II. FAHS

The average person has been con-
fused by the bar>age of names ap-
piled to the new furn1ts,re creations
Swedish modern, Continental mo-
dern, Viennese modern, American
modern and New World.
Boiled down these Namcs mean
one and the same thing. These
nomenclatures refer to modern fur-
niture which is strikingly new and
different, and although inspiration
may have been drawn from Europe,
the creations are distinctly Ameri-
can in design.
Swedish modern MIGHT better be
called American moderN, Tor the
modern termed Swedish, manufac-
tured by American factories. bears
little resemblance to that made IN
Stockholm.
Regardless of origin we do have
today a style which is far and away
the most worthwhile America has
ever produced.
Ten years ago the modern vogue
was introduced into this country
from Paris. The characteristics were
straight lines and angularity. I'M
proyements in design have followed
but the straight line has persisted
until today. The new American
modern uses curves in a delightful
way. It is in fact sophisticated
combination of Eighteenth century
and modern design.
Forms are light, graceful and clas-
sical, and yet adaptable to any style
of home. You may use new American
modern either in formal or infor-
NAL manner. From every indication
America is now creating furniture
designs which will endure indefin-
itely.
American maple which is not new
continues its prominence and is
definitely more popular this season
than ever before. A new finish term
ed honey maple is evident in the
Imperial Valley press., 1938-10-12
Mexico Described by Speaker
For Business Women

gave a brief history of the local
club and introduced members and
guests; Mrs. Leah Boyer, explained
the meaning of the symbols in the
club emblem and Mrs. EValyn
Westerfield discussed the aims and
purposes of the organization.
Refreshments were served from a
tea. table prettily appointed
with flowers and gIeen and yellow
candles and presided over by Mrs.
Lucy Adair ana Mrs. Ruby Barthel,
past presidents.
Many Guests
Guests we're: Mosdames Mary
Van Norman. Pauline Young,
Gladys Hinson D. B. Roberts, Grace
Gray, Stella Lincoln. John Lincoln
the Misses Grace BeckWith, Grace
Page, Lola Taylor, Estelle eagle,
Nellie Ansell, Leila Foster, Marian
Mast, Madeline Paddock, Helen
Scott, Ruth Await, Iaez McGahey
Illen Sullivan and Mrs. Mercedes
Wilson, of the Brawley club who is
Southern District emblem chair
man.
Members present were: Mesdames
Merta Thompson, Leah Boyer
Vera Grant, Carmen Gibson, Eva.
lyn Westerfield, Gladys Martin
Lucy Adair, Sarah Kendall, Rutf
Bennett, Grace Ceilings, Medii
Frost, Jessie Connor, Myrtle Car
roll, Miss Evelyn Allen, Miss Es
tella Falla. Miss Lois Cosand.
Imperial Valley press., 1938-10-12
Social Club Has
Bridqe Luncheon

Shrine Social club members en-
loved a no-host luncheon Tuesday
noon at the Barbara Worth hotel,
later spending the afternoon in
bridge.
Mrs. C. w. Macarthur won high
score prize and Mrs. John Kuhn
the second, while the door prize
went to Mrs. Helen Blackman.
Next meeting of the club will be
in two weeks in Calexico with Mrs.
Wilhelmina Anderson and Mrs
Duane Stafford as hostesses.
Imperial Valley press., 1938-10-12
PIT. "A. ToHear
Guy yWea akIey

Home Education as Basis for
Character" will be the subject on
which Guy A Weakley, superin-
tendent of schools and Central prin-
cipal, will speak Friday for the Nc
Kinley Parent-Teachers association.
The association will meet at 2:30
o'clock in the school and Mr.. Weak
leys subject is in keeping with the
years theme: 'Enriching Charac-
ter Through Education.
E. L, Hiteman, county superinten-
dent of schools select, will talk on
the retail sales tax.
Tea will be served after the
meeting, which is open not only
to members but to the general pub
lie.
Imperial Valley press., 1938-10-12
Single Tax Bill
To Be Explained

Senator Edward H. Law will talk
on proposition No. 20 on the No
vember ballot, the single tax, at
the meeting of the Women's Demo-
cratic club Thursday night at 3
o'clock in the court house.
j. Sterling Oswalt, Ell Centre
chief of police, will give short
address.
These meetings are open to the
public and at each session one or
more propositions on the ballot
will be explained.
Imperial Valley press., 1938-10-12

chairman of this event and Marie
Roth. for the welfare committee.
Serve Refreshments
The evening ended with the serv-
ing of refreshments by Mrs. Cliff
ford Moore and Mrs. Herb Holt.
Trailing sprays of Mexican rose
made attractive decorations.
Mrs. H. r. Anderson is guardian
for the FL Centro group and DR..
Goble Hurst, associate guardian.
while the BraWley guardian is Mrs.
Georgia Lee, and the associate. II.
Hoskins. In addition to the above
named visitors from Brawley in
cluded. Mrs. II. p Wilke, deputy
grand guardian, Mrs. G.. D. Walker.
Mrs. J. C. Ramsaur. Mrs. A. Weir.
Imperial Valley press., 1938-10-12

Discussion of this years concert
series to be sponsored by the I'M
perial Valley Music Teachers asso-
citation occupied the members of
that group at their meeting Tues
day night
The association met with Mrs.
R. M. Armstrong, 1861 Olive ave-
nue., Miss Helen Johnson of West
morland, president, presiding.
Four Concerts
This year the association will
present four attractions, the open
ing event being the famous Ballet
Imperial Valley press., 1938-10-12
Thursday Bridge
Group to Nee ct

Mrs. William North and Mrs.
Roger Acker will act as hostesses
for the Thursday evening division
of the Junior Ten Thousand clubs
Beginners bridge section.
This group will meet Oct. 13 at
7:30 o'clock at the North home,
1853 Broadway.
Imperial Valley press., 1938-10-12
Winners in Match
Point Play

Mrs. E. H. Surface and Mrs. Guy
G.. Beynon won high scores at the
meeting of the Match Point Dupli-
cate club Tuesday night at the I'M
perial Ice and Development Co.
club room.
F.. D. Jacobs and Henry Swanson
were second and Ed Mason and E.
P. Pennebaker, third.
Mrs. Cali P. Harrison and Mr..
Jacobs were guests of the club.
Imperial Valley press., 1938-10-12
Dams Entire Ne cts
Thursday Nieht

Due to the Illness of Mrs. Neal
Gavin, chairman, Mrs. David Blank
will assist Mrs. C. S. Reed as hos
tess for the Dams Entire sections
meeting Thursday night at F30
o'clock in the Ten Thousand club
house.
Mrs. Blank and Mrs. Reed will
present the program and new men,
bers will be welcomed at this time.
Imperial Valley press., 1938-10-12
News Items About
Valley Residents

Miss Mary Colquitt Of Savannah,
Georgia, is spending a month in
Ell Centre visiting her sister, Mrs.
William Outlook, and Mr.. Outlook.
Mr.. and Mrs. Richard Haas are
both i'll in Iona Linda sanitarium.
Mrs. Haas has been i'll for some
time and this past weekend Mr..
Haas took her to Iona Linda and
while there a cold which he was
suffering developed into pneumonia
and he was forced to remain in the
hospital himself.
Imperial Valley press., 1938-10-12
Two Babies Born
AtHospital

Two babies were born Tuesday
at the Ell Centro hospital: a son
was born to Mr.. and Mrs. Jeff
Wilson of the CaleXico district,
weighing six pounds and 13 ounces,
and a daughter was born to Mr..
and Mrs. Carlton Copas of Calipa-
tria.
Imperial Valley press., 1938-10-12
LIP READING CLASSES
SCUEDIIEn HERE

Mrs. Margaret Radcliff will con-
duct lip reading classes every Tues
day and Thursday nights at Central
Union High school from 7 to pm.
The classes will be held in Mrs.
Judd's room.
Imperial Valley press., 1938-10-12
D.U.V. Session
This FRIDAY

Anna Marie Ross tent No. 72,
Daughters of Union Veterans of the
Civil War, will meet Friday at 2
pm. in the Veterans hall to discuss
special business of Importance.
Imperial Valley press., 1938-10-12
Society Sponsors
Rummaqe Sale

st. Marys Altar society is spon-
soring a rummage sale on Saturday
CT this week in the building for
merly occupied by Karls shoe store,
Main near Fifth. All sorts of gar
ments will be offered for sale
and the proceeds will be used in the
activities.
Imperial Valley press., 1938-10-12
Reb bekahs Meet
This Thursday

Barbara Worth Rebekahs will
meet Thursday night at 8 o'clock
with Mrs. Sarah Kendall, 535 Olive
avenue.
Imperial Valley press., 1938-10-12

SELL farm produce through
Post-Press Want Ads!
Imperial Valley press., 1938-10-12
A Real SAVING

The regular established price Tor
blocking is being reduced 2o9o
all this week at Marsh's. Every or
der brought in-until six pm. Sat-
urday = will receive this special
price.
You are invited-you new folks
TO investigate whether or not there
is really first class cleaner in
your community. But this is not
shutdown on the old friends. All
are invited to make this saving.
Location-Barbara Worth
Hotel Building
TELEPHONE-435
ADV.
Evening star., 1938-09-20

is why we wish to see you again, Miss
Day." Inspector Farley, followed by
Rob Jessel stepped into the room.
Jessel motioned to the maid to leave.
you see," Farley went on, I'VE did
remember what you told us, and
checked up on it." He tossed . pack
age onto the bed. your jewels"
Alice Day stared. Some Of the color
left her cheeks. "You-you recovered
them from the thieves"
mot from the thieves, Miss Day.
From the pawn shop to which you
took them the day before you left for
here. found the tickets IN your
apartment You were smart not to
bring them with you. Any kind Of
an investigation might have turned
them up, and you couldn't afford to
have that happen.
You were smart, Miss Day. but you
bungled this job. the way you bungled
the Derek Savage affair"
"HOW dare you'll" Alice Days face
was white. What do you know
OF Derek Savage?"
II know he's worth millions and that
you were having an affair with him,
pretending to be sweet and noble
woman Of the world. You had your
eye on his money, and you spent
lavishly of the limited funds that were
left over from your last affair with
Jerry Carter, in order to impress
Savage. Unfortunately, Jerry Carter,
being vindictive sort, turned up like
a bad penny and threw a monkey
wrench into your latest exploit, by
telling Savage the truth about you.
Savage investigated. found that Jerry's
story was true, and dropped you like
hot potato. I found most OF the
details in newspaper Of a year ago.
The account was small, because Of
your efforts to quash publicity, but
that, with other information I had,
proved sufficient"
you flend! You heartless fiendw
Really? You call me that when
you had conspired to fleece the insur-
ance company out Of $25,000. After
Savage called the deal OH. your friends
were depleted to such an extent that
you had to hook your jewels and then
pretend this robbery 50 that you could
collect the insurance. It might have
worked. I or any one else wouldn't
have become suspicious and started to
investigate. except for one very small
slip-up. That green eye. Suddenly,
you told us, you knew what it was.
The radium on mans wrist watch.
Come now. Miss Day. If it were as
dark as you stated. how could you tell
it was mans wrist watch? Why not
a Woman's?"
(Copyright, 1881
Evening star., 1938-09-20

little the eye moved and I knew what
It was.
1T was the radium on a mans
whist watch. 1t moved jerkily, in a
fashion that told sne as plain as day
what was happening. Then I did
scream, and the eye moved swiftly to
the window, and saw the dim outline
OF form climbing onto the fire escape
outside"
Alice Day, pretty, dark haired, pale,
lay back In the lawn chair and closed
her eyes wearily. That's all I can tell
you, Inspector. My jewels are gone, all
OF them. 1t was ghastly experience.
Please, there's nothing more I can say
to help you. I tainted before help
came. If you don't mind, I'd like to
be left alone"
She certainly has a way of telling
story that makes your hair stand up,
eh, Inspector" Deputy Inspector Jes-
sel grinned and lighted a cigarette.
The two men were alone on the
screened-in side porch of the fashion,
able Seaside Hotel.
Inspector Henry Farley scowled at
his notes. Most dramatic he as
sented. Now, Rob, we must work fast.
Miss Day is leaving here day after
tomorrow. We want to get the goods
on her before then"
Jessel started. Goods on her! You
mean"
Don't be ridiculous, Rob. OF course
abe did 1t. Trumped-up story Not a
word OF it true. Wants to collect the
insurance, fancy. What 1 want is a
motive"
But how in the world do you
know"
That can wait. I'm taking plane
Tor New York. You stick around here
and keep your eye on Miss Day. Also
ask questions. want to know If she's
had any hot love affairs lately. Wire
me all the dope you can at the Mikado
Hotel"
INSPECTOR FARLEY was having
dinner in the Mikados dining room
when the expected telegram arrived.
It was to the point, but lengthy. Fair
ley read 1t with satisfaction. Jessel.
he thought, was smart and thorough
and level-headed He deserved a pro-
motion, if any one ever did.
Farley spent two hours making tele-
phone calls. Then he retired to his
> room and wrote until midnight. The
next morning he visited certain
apartment on Riverside Drive Later
he called at pawn shop. Before noon
he dropped into a newspaper office and
spent an hour looking through the files
Of . year ago.
Evening star., 1938-09-20

Il WOKE Up with
q start" Alice
Day said. ut must
have been after 2
am, for I read till
past midnight and
1t was much later
before I dropped
of to sleep. For a
moment I lay still.
wondering what
had wakened me.
conscious that my
heart was pounding
frightfully. I was
afraid. with o u t
knowing why, and
then suddenly, over
near my bureau. I
saw a dull, greenish
glow. It was like
an eye. staring at
me out Of the
blackness. I watt
ed, frozen with hor-
-~. -kA
Evening star., 1938-09-20

Alice Day was
resting In her
room when > maid
brought In word
that the two police
omcers who had
questioned her re-
garding her "hor-
rible" experience
wished to be ad-
mitted. Miss Day
was indignant.
why? Tell them
I've already given
them what infor-
nation I can. Have
they no respect for
the condition Of
my nerves? Are
they so stupid
that they can't
remember what
I've already told
them"
THAT said q voice
from the DOORWAY.
Evening star., 1938-09-20
SAlESkAEN.

RADIO SERVICE MEN Q for outside work.
l for bench work. Only exp. men need
apply. Highest salary In the city for good
men. Colony Radio. 4s35 Georgia ave. w.
SALESMAN, exp. in selling radios and sup
plies. to work on the floor, pm. to 10
pm. Salary for floor time Mus commits
sion. for outside sales. Full time must
be devoted to this Job. Must have car.
Colony Radio. 4S35 Georgia ave. NV.
WILL JACK MOBLEY please contact
thesda. Nd? Wisconsin 4625-M
sALESMEN WANTED
Who have sold insurance cemetery lots.
Of speciality. You can sell our service to
merchants; 4Oes commission. Small. Quick
Gales. Call 3402 Rhode Island ave ne
Evening star., 1938-09-20

THE HECHT co. requires
the services of a thoroughly
experienced radio repair man
with automobile. Apply to
Mr.. Davis, Hecht Co. Ware
house, rear, 1401 New York
Ave, NE.
Evening star., 1938-09-20

MISCELLANEOUS FOR SALE.
ADDING MACHINE; suTreush;; eomPIsts
s13 14th st. Rep. 1177.
ANT1ouES-Furniture. china; glass, paint
ings sterling linz, and = d., coin ~ silver: jevelry,
n@ nhef' pupont .%5F'l is{i galleries 1924 goth st.
ANT1oUEs--Large solid mahosany tester
ehsr oes v.u.Se ontaass AZ xue
ton Friday. September 23, at pm
Smiths Transfer 4 Storage, 1913 You
s.s s.Is q snsau: .uE1
xe Va. S Reuse | 30. = w.ssinston. eiS Is RSes
ANT1oyEsLLaree collection: Furniture.
sost. piesure. e ideisen Sn e1s s ssh 81 .nn. MP.
BABY COACH, also CRIB and stroller. ex-
vada ave. Chevy Chase. D. c.
BAaGED sAWDUsT. 23c bag: s bags. 81.
4o des MAJ eo
BED. lovely. Low. mahosany.. roster coils,
innsr nnns : ysprinss: like new. s26. Apt. Is.
BEDROOM, dining, living room suites: stu
s.sss
BEDS, 8 sinsle. ! double; eomnlete; dress
dition. ~ 1900 % 10Th e.ia1t NV. sn.'i'' '00o co.,
BILLIARD AND POOL TABLES. al sisso.
s1S ssh t:ef; Ss sne
BRICK. LUMBER AND .PLUMBING ma
tertals at barEain prices from hundreds Of
vrecking jobs. reconditioned and neatly
ARRANGED for your easy selection at Hechin-
1er's You'll save time ~ we'll - money BY
coming to any Of our four yards. We quote
dfiyeEsd delivers ,1Go q undeivered Phone orders
HEcH1NdER CO.. Used Material Dept.
18th and II Sts NE 9th and c Sts. S.W
6926 Ga. Ave NV 1905 Nichois sE
s ssgHDMa MATERIAL s4ALEEAechin!eF's
pm; Drastic reductions IN al depart
ments! Free delivery. Phone orders, At
lantic 140O. NE. and NV. stores open
this Fri. and Sat. to 8 pm.
HECHINGER CO. FOUR BIO STORES.
CADET UNNORMe. st. Johns Collese. 2:
l size 16. l size 1S. Lincoln 0917.
CHEST OF DRAwER8 Eate-les, coffee and
occasional tables: ottoman. Oriental rug,
Chinese Chtppendale mirror. No dealers.
Emerson 6O64, bet. 4.10 pm.
COAT, fall, black fiitted, excel. cond.. S6:
light-veight green fan suit, $3.50. Georgia
S144.
Evening star., 1938-09-20
SAlesWoAAEh

IF you ARE willing to EARN 4 eood m
come opportunity offered in direct selling.
sALEsLADY, experienced. with local refer
store. Salary and commission. State age
and references. Box 37S-K Star,
Evening star., 1938-09-20
MOTOR TRAVEL.

STUDENT DRIVING LOS ANGELES. DE-
sres passengers: leaving Wednesday or
Thursday. Cali Wisconsin 3O29
DRIVING LOS ANGELES. SEPT. 26. IN
] a3G Buick; desire l or 2 congenial people
share expenses. Phone Cleveland 1915.
10 pm.
Evening star., 1938-09-20
OPPORTUNITY.

Household storage and moving company
desires services Of an experienced esti-
mator. not over 35. II there Is q person.
connection with . future, one not afraid Of
work and hours. answer this ad. We want
man who Is capable and who has pro-
duced; must also handle once and ware
house details Please do not answer II you
are not experienced. Our own organiza-
repIy statinH .re ssisry a. expee3ed aen 1eIiHien
and experience will be treated confiden-
TALLY This IS an unusual opportunity for
z man interested in his future. Box s6-K,
Evening star., 1938-09-20
REPAIRS 3 SERVICE.


PAPER HANGING; fiTst-cis15 work done
1mmediately; ~ room and up: guaranteed:
can exhibit work. Randolph 1850.
papered. - up. No Job too small
Work snaHranteed. sHant Floors rennished. At
PAPER HANGING AND PAINTING, better
nvr Work .o1r guaranteed at in writing We do our
PAPER. BANGING and painting. rooms
papered. S. and up: satisfy. j. n
Tolson. Lincoln 3O26-J. 20.
PAPER HAN0N0-Fine work done 1eas.
rree estimStes chserfully xiven. The
Decorative 6hop. 1858 Ga. ave Col. 11l7.
PAPER HANGING this week only $3.50
per room; 1888 washable. svnfast papers;
work Guaranteed. Adams 1891.
PLASTERIN0. stucco. cement ehimneys:
painting. interpreting basements. damp
walls leaky roofs. Annick. Lincoln 4Oa6-J.
PLASTKRING and cement work No Job
G,.. f9o f.r o. got too 2. email. Dist. 4670. .Wm.
PLUMBING AND HHATNG. Jobbing and
North f524S
Evening star., 1938-09-20
HELP MEN.
(Continuod,)

ouSSG 6VN0tNs
(Continued,)
sALEsMAN-UnusqaI sale5 plan: enrolling
aened 1olf va,d Anp asi5
18th st. nv. before / pm.
eAiEsMIN (2l. one in city. one for vir-
gina; e sell uniforms: Esn season here
I5rf99nntsHPlsti 5r9n e We train you. Howard Downey.
SELL SOCIAL SECURITY PIATHA possi:
company s males immediate deiiveriss po..i-
suzt2 F.te a.C@ c. sSS sSs s;e s@ It, to 10 Dm
sHoEAAKzR's HELPER. colored. 71s L
SHOE ;, eAI.EsMIN FOR EXMnya AID
zfrEY 5HT sR4s ESssGck EESsk ExS1s5scs1Ri : g. Fl
BI.ADENsBURG RD. NE.
SODA D1sPENsER, sandwich and salad
experience; good reference. local preferred.
Cathedral Pharmacy. 5000 Conn. ave.
TIRE TIRE yuLcANIzER experienced, white or
1885 H st. ne.
UPHOLsTERER must Be able to plan own
work steady work; excellent pay. No
Hfmaae11s; HamosSir. Bring references. 36l7 New
YOUNG NAN white. to work in shop.
YOUNG MAN. neat appearing. for mes
oenser ont,v work; small salary to s@tart @ 9ood
g e able to use typewriter. BOX is7sT
YOUNG MAN. exp. to handle the entire
retail accounts receivable for auto agency.
Duties VIII entail personal outside solicita-
exp So salaGs nfssnt soa 4ssR efeaa: Bar state age
YOUNG MAN. colored. to work in grocery
snae: have prm and good steaa,
JOB ss1s Wisconsn H ave- ave-. nv NV 0'e'a'
YOUNG MAN. with executive ability and
pleasing personality: Must have expert
sncs IN selling and meeting the public.
ssafs aos
ndential. Box 124-T. Star.
NATIONAL ORGANIZATION can use the
services OF two men, over 80 years OF age.
with or without cars. for . direct sales
project pro! IT,, For men with direct sales experi-
Tor immediate earnings. Liberal car allow
ance. commission and bonus Must be free
to travel In territory adjacent to Washing.
ton. Interview BY appointment only; Call
and pm. Monday and Tuesday. :O'
BUSINESS OF YOUR OWN BY
CHRIsTMAs.
We VIII supply stock. mems shirts. shorts.
u,,,i s.eSi etc: RetHrn t,. what you cannot sell.
s NJ EmSse. tf as ssS IL
TAXI DRIVERS.
Our driver. eIe earning $40 week and
asen RssT sfEie;s IN S
~ rs sN''' SlAss Of bsr FREE
Identification cards. For complete details
apply before IL an. 1860 23nd st. NV.
Evening star., 1938-09-20
CAMERA REPAIRS.

CAMERA REPAIRING.
FULLER & dALBERT INC,
S16 10th st. NV Phone National A719
Evening star., 1938-09-20
AGENIS.

WANTED-ealesmen and ealesVomen to
sell fastest selling item on the market to
stores. hotels. etc: Also house to- house
eanYassers kretol Co. 2033 K st. NV.
Evening star., 1938-09-20
DIESEL TRAINING.

N&1H0A1H
Complete instruction. including practical
experience. on modern Diesel engines is
offered by this local school For details
visit the school or send for free illustrated
booklet. Low tuition and convenient pay
as-you-learn plan
Open EVENINGS
Washington Diesel School,
33 New York Ave NE Natl O2S4
Evening star., 1938-09-20
LOST.
CONTINUED }

BRING OR REPORT deserted. stray or lost
animals to the Animal Protective Associ-
alton, 5000 Wheeler I'd. Sc. All. 7142.
FRATERNITY PIN. vicinity Of 7th and Pa.
ave. NV. Write giving description and
Greek symbols. Box 442-K. Star.
POCKETRQOK Phone Atlantic 2aol
Evening star., 1938-09-20
FARM AND GARDEN

COW MANURE well rotted. guaranteed
Waters. Wisconsin 4195.
Evening star., 1938-09-20

from the doorway,
Evening star., 1938-09-20

BREEDER OF WIRE FOX TERRIERS
Complies Grooming. AL Terriers, 50.
Hand-plucked: bathed. nails filed. teeth
OF selected dogs. Adlea Kennels. Mr.. and
Mrs. s. A.. Woolner. Washington Grove, Md.
PHONE GAITHERSBURG II.
Evening star., 1938-09-26
Figures
What They Mean
BY A. A. PATTON,
Associated Press Statistician.

ASSOCldteQ 1Iceo 6thtlstlClAus
NEW YORK, Sept. 2s.-The new
security market, which showed signs
Of opening up during the past few
months. has closed like clam as a
result of the disturbing news from
Europe.
Offerings last week were confined
almost entirely to municipals, and
stood at the lowest ebb since April
IA, when prices were close to their
recession lows.
A number of sizable issues are known
to be hanging fire. Underwriters must
wait 20 days after filing with the Sc
curities and Exchange Commission,
however, before marketing new stock
or bond issue.
In view of the uncertainty abroad,
bankers say the risk of loss involved
in making such an advance commit
ment is so much greater than any
reasonable profit expectation, they
are going to await development be-
fore taking any steps.
Several recent issues have proven
sticky" the underwriters still hold
ing substantial blocks.
Another deterrent, they point out,
is that bond prices generally have
been sliding for two months. This
in itself, of course, makes it dimcult
to market new issues.