davidaulloa/AmericanStories huggingface dataset:
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1941-06-05
Last of Month Rain
Exceeds May in 7 Years
(Copfinued from Page Oneo
Continued from Page One)
CONTINUED from Page o.

In 1888 the present months rain
was topped when STA inches fell.
The months rain barrel:
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1941-06-05

Order for Hearing on Petition for
Probate of Will, Limiting Time
to File Claims and for Hearing
Thereon
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1941-06-05

GET WISE WANT ADVERTISE
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1941-06-05

Continued from Page One)
La gaceta., 1941-10-02

Banquete de Tomd de Possession
FL sabado IL es ell dia escogi'
do por la simpatica entidad So
cial Cheers Amis Club para efeC
tuar ell banquete de toma de po-
session.
Asistiran los componenteS
de esta organization y sus amis-
tades.
Los preparativos han sido en-
Scmendado a la Srta. Mary Ca
LEILA y los j6venes Jack Fernan
DEE Y Gregorio Martinez.
La gaceta., 1941-10-02
LA SECRETARIA DE MARI
MA ELOGIA Ell TRABAJO
DE LOS ASTILLEROS DE
TAMPA

En- una carta recibida aver
en- esta ciudad, ell secretariO de
Marina, Mr.. Knox, elogia ell tra
bajo de construction de barcos
que Sc viene realizando en- los
aStiileros de Tampa.
Particularmente menciona la
obra realizada en- ell ~. S. S.
Procyon", sometidO a prueba
de navigation e mel mes de agos
to.
Recibi6 la carta ell comandan-
te D. w. Coe, Representative de
la marina en- Ell astillero, quien
Embellishments la pas6 a la com
pahia.
A su vez la compahia la colo
CO en- lugar visible, de modo que
fuera Zelda por los obreros.
Els un honor para los astille-
ros de Tampa y acredita la habi
lidad de los ingenieros y de las
cuadrillas que en- Palmetto
Beach trabajan.
La gaceta., 1941-10-02
MURIO LA MADRE DE LA
ASESINADA SRTA. MlLEY

Lexington, KY, oct. 2.-DoS
horas despues del entierro de su
hija asesinada, la Sra. Fred Mi
ley muri6 a consequence de las
heridas que los asesinos lie inf
rieron, en- ell abdomen, en- Ia ma
drugada del domingo.
Miles de personas asistieron al
entierro de la Srta. Miley y los
detectives ejercieron sobre ia
multitud una vigilancia que es-
Ia no sospechaba. La muerte de
la Sra. Miley hara mas dificil la
identification de los crimina-
les.
Los bandluos sc apoderaron
de $145.00. luego de cometer ell
doble crimen, y Sc fugarOn en-
su autom6vil color azul.
La gaceta., 1941-10-02
IAN URGENT MESSAGE
to women who suffer
Female WEAKNESS

Few women today are free from some sign
Of functional trouble. Maybe you've noticed
YOURSELF getting restless m~oodyener-
vous, deprGBed~ idtely-~Your work too much
for you-
ThSn why not take LYDIA u. Pinkham's
Vegetable Compound 10 help quiet weary,
(eramps, ~backache, headache) and weak
dizzy fainting spells due 10 functional i~
regularities.
For over 60 years Pinkhars'a Compound
has helped hundreds Of thousands OF weak
rundown, nervous failing" women 20 20
smiling thru difficult days. Why not give
this wonderful "woinAn's friend" q chance
10 help YOU? Try M
La gaceta., 1941-10-02
Santos del Dta
Los Santos Angeles Custodio,

La Fiesta del DOmtagO
SegGn pasan los dias crece la
animation para aSistir a Ia
grandiosa fiesta que ~efectuara
la Sedci6n de Propaganda del
Centre Asturiano, ell domingo,
a beneficio de sus fondos, los
que mas tarde son usados en- So
correr a los asOciados en- des-
gracia.
La Secei6n de Propaganda,
velando por los intereses de sus
ompaneros asociados, celebra
anuaImente este festival, obte-
niendo siempre ell mas halagde-
no de los trimfos.
AL mediodia habra un exquisi
to almuerzo. a base de ENTIRE
mes, arroz con polio, lacquer,
pan Y cafe.
Mas de 600 personals han Sc
parade va sus cubiertos.
A las 800 de la tarde empe-
cara ell bale en- la sala cantina,
con ia Tropical, y en- la sala
principal con la Orquesta que
La gaceta., 1941-10-02
Fiesta de CunpLeaNOs

de CumpledNoS
Con motive de cumplir un
ano mas la graciosa nina Yolan
da Marcos, hija de los esposos
Felix y Aida Marcos, lie fue o.
frecida una fiestecita en- la re-
siiencia de sus abuelitOs, situa-
da en- ell 1903 de la avenida Ia.
Asitieron: Francisco Garcia,
Gloria Sierra, Perla Gutierrez,
Hortensia Gonzalez, Otilia y O.
felia Canto, Josefina Rodri-
guez, Carmen Fonseca, Gloria
Sierra, Della Gomez, Celina Ro-
maella, Fanny Herrera, Nora
Pallero, Carmita Herrera, Per-
la Gutierrez, Angela Garcia,
Rosa Fernandez, Aida Marcos,
Carmen Garcia y Obdulia Ro-
maella.
La gaceta., 1941-10-02
FAiBRICA DE ALMIDON DE
BONIATO

Washington, oct. liza Off
Gina de la OPM concedi6 aver
un certificate de prioridad a la
United States Sugar Corpora
ton, de Clewiston, Florida, pa
"a comprar e instalar maquina-
rias, valuadas en- $3,0D0SOO0,
destino a una fabrica de almi-
don de boniato.
Van a ser cultivados 10000
acres y Sc dara trabajo a 1,2OC
hombres en- los campos y en- la'
fabricas.
La gaceta., 1941-10-02
NOTAS SOCLALN
(PUR MARIO RODRIGUEZ

Ia FugciCn de Anoche
Tn verda5ero exyto artistico
s econ6mioo Sc anot6 anoche en-
u function popular, en- ell teatro
del Circulo Cubano, la compa
MIA Guiana que ALI aetda.
Las dos obras presentadas,
"El BOdeguero que tenia Ell Al
ma Banda, y Eel Sexo Fuer-
te", fueron del agrado del pG-
blico, que constantemente a.
plaudi6 la labor de los artistas.
En- la segunda parte presenta
ron un g~randioso acto de varie-
dades. Hizo su primera presen-
taci6n ell ioven tenor Ramiro
Gomez Kemp, que estren6 nd-
meros de canto. Quedaron en-
cantados los spectators, de su
voz y personalidad.
La pr6xima function eSta a.
nunciada para ell entrante Vier
mes.
Las lunetas seran numera-
das.
La gaceta., 1941-10-02
RecOrddmOS

RecOrdGmOS
A los amantes de las fiestas
populares, que ell sabado entran
te la Secci6n de Recreo del Gen.
tro Espahol estrenara ell nuevo
piso de la Sala de bale.
Las orQueStas la Sonora"
V Don Francisco tienen a su
cargo la parte bailable.
La gaceta., 1941-10-02
ny HIT

trabajadores miem5ros del
CLIO. La huelga Sc debe, segdn
los lideres obreros, a una viola
ci6n del cCntrato.
Centenares de hombres AFRO
jaron sus herramientas en- los
as%tilleros de Pascagoula, Miss,
pidiendo una meJor escala de
j%ornales. Pertenecen estos dlti-
mos a la Federation America
ma del Trabajo.
La gaceta., 1941-10-02
DUC1QR'S FORMULA
! GREAT SUCCESS FOE UclV SJWAcs.
PIN PIES
A COSTA

No Pase humillaciones pOr tsner
u cara lena de granos. AQld es-
IA Ia ayJda. II liQudo HEMO,
goceroso suAvizaate. alivia r6pi-
dan eEte IA o6mez6n. Ell 6c1oF y
cura. ZEM0 eontiene ~ Dc sos
mas pOderOs0s Electives ;ngre-
p0r specialists de gran mef9to.
Una prnebA le convcncerA. 81 ats
90 = $1.0n En cualquier hot5aa.
iisntes m6dicos, reeomsndadOs
La gaceta., 1941-10-02
La Bodu del Stbado

Para las ocho de la noche del
entranle sabado estan anuncia,
do los esponsales de la intere.
sante y culta Srta. Elvira Gayi,
Ian, hija amantisima de nuestro
apreciado amigo jose Gavilan,
destacado miembro de la respe-
table Orden Caballero de la Luz
con ell correcto joven Jessie Mar
tinez.
Ell acto Sc ~efectuara en- la re-
sidencia de los esposos Gavilan
en- ell 2019 de la Gale Stuart
(Palmetto). En- representation
de la ley actuara ell notario Sr.
Candida Perez.
Ell acta notarial la firmaran,
en- calidad de testigos, la Srta.
Teresa MARTINEZ Y ell joven An
tonic Craparo.
Dada las grantees simpatiaS
de los contingencies y sus fami-
las, es de esperarse que la cere-
monia sea presenciada por una
distinguida concurerncia.
Por anticipation deseamos a
Elvira Y Jessie eterna felicidad.
La gaceta., 1941-10-02
HUELGAS Nm TRES ASTI-
iLLEROS

Washington, oct. 2.-Tres
huelgas Sc declararon aver en-
astilleros del Colo de MEXICO.
Sc marcharon de los astilleros
de la Alabama Dry Docks and
Snipbuilding. en- Mobile, 1900
La gaceta., 1941-10-02

Una Vista =.
La recibimos del Sr. Manuel
Garcia Talavera, presidente de
la Secci6n de Propaganda del
Circulo Cubano, para informar-
nos que en- la fiesta que tienen
anunciada para ell sabado Is del
presente mes, no Sc celebrara ell
concurso de simbpatia, como Sc
hizo ell anO pasado.
AL mismo tempo nos pide ha-
gamos pd6licO que Sc podra a
sistir a la fiesta uSando trajes
tipicos meiicanos, va que la fies
ia Sc titula "UNA NOCHE EN-
MEXICO.
De esta fiesta daremos mas
de tales.
La gaceta., 1941-10-02

En- la manana del pasado mar
tes fue sometido nuevamente a
una delicada intervention quiz
r1rgica, ell anciano caballero
Berdeal, padre de ~nuestros ami
gos Rogelio y Sergio Berdeal.
La operaci6n lie fue practica
da por ell DIR. j. A. Trelles.
A la bora en- que escribimos
estas lineas, su estado es bas-
tante satisfactorio.
La gaceta., 1941-10-02

La construction empezara
tan luego los materiales sean
entregados EN- Clewiston.
Del boniato sc eXtraera un va
lioso sustituto de la tapioca.
La gaceta., 1941-10-02

A los a~sistentes Sc les obSe-
uui6 con dulceS y refreScoS, no
faltando ell traditional Panque
de Cumpleahos.
La gaceta., 1941-10-02

dirije la Srta. Ann Dupont y
que lleva su nombre.
La fiesta Sc prolongara has
ia despues de las nueve de la
noche.
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28
RH77ERSA
SEWING clRGkEw

pinafore alone, your tot can be as
carefree and hoydenish as she
could wish, playing on the sands
or the greensward or her own
backyard. When she adds the boz
lero, she's as demurely dressed for
visit to grandma as you could
wish. The eye-protecting bonnet,
of course, goes beautifully with
either or both. Thus, by repeat
ing this one pattern time and
again, you can outfit your small
daughter for spring and summer
fun.
This little outfit looks adorable
in red-checked gingham, lowered
percale, plain or striped seersuck-
er and buttercup yellow cham
bray, outlined with bright ricrac
braid to match or contrast.
Pattern No. 1888 Is designed for sizes
2, 8, 4, s and years. Size 8 requires
27s yards of 35-1nch material without nap
and yards Of ricrac. Send order to:
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28

IN the order CIV
en-. Turn into
q creased ring
mold and bake in
a moderately hot
oven (375 degrees
F.) about 80 min
utes, or until it is
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28

I. The secretary of state has
charge of the Great Seal.
2. If an electron and an orange
could be magnified equally until
the orange was as large as the
earth, the electron would still DO
too small to be visible to the UNI.
aided eye.
8. "Alice's Adventures in Won
derland."
4. George v. The name Of the
British royal family was changed
to Windsor in 1917.
5. Eclipses of the sun, visible at
some parts of the earth's surfaces,
have been recorded in every
month of the year.
6. A woman "a woman's figure
used as a column in architecture)s
z. Buffalo, N. Y.
8. A blanket worn as an outer
garment by Spanish-Americans.
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28
Cropping Time

There is a cropping-time in the
races of men, as in the fruits of
the field; and sometimes, il the
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28
Want to Learn Some New
Household Tricks?

OF course you do-and it's the
simple easy way of doing things
las ferreted out by millions of
homemakers that have been COM
piled in this book, Household
Hints''-a book that literally ev-
cry homemaker should own.
To get your copy, to learn the
household tricks that for some
reason or other you just haven't
thought of before-send 10 cents
in coin to Eleanor Howe, 919
North Michigan Avenue, Chicago,
Illinois - ask for the booklet
Household Hints"
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28
TIPS to

GARDENING AS HOBBY

GARDENING as a hobby can
- be made to pay excellent div
idends. AS an example, a Mis-
souri, woman reports she made q
net profit Of $500 from her two
thirds-acre garden in a single sea-
son. Figured at market prices,
food used fresh was $3.50; food
canned, $50; and food stored, ST..
Seed and sets cost her only $40.
There are two major requisites
to obtaining garden profits Of this
kind. They are, willingness to
work and the use of quality seed.
It is important also to devote
considerable space to multiple pur-
pose crops like beets, onions, and
tomatoes-crops that can be used
in a variety Of ways.
Here, briefly, are the uses Of
principal multi-purpose crops; On
ions - green, as relish; mature
bulbs fried, stewed, or as season
ing; bulbs for pickle, and relish
making; tops for seasoning; bulbs
for storage. Tomatoes - fresh
fruits for slicing or stewing, for
immediate table use; for canning,
or for making tomato juice, or to-
mato catsup; green tomatoes for
frying, or for use in pickle rel
ishes, or In pie filler (like mince
meat); yellow fruits for preserves,
Juice, or immediate table use.
Cabbage-fresh in slaw, or sal
ad; cooked for table use; canned
as kraut, or stored. Beets-tops
for greens; roots cooked fresh,
canned, picked, or stored.
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28
Ask Me 4nother
@ "A General Quis
The Questions

/. Who has charge Of the Great
Seal of the United States?
2. How does the size Of an cleo
tron compare with that Of an
orange?
8. Tweedle-dum and Tweedle-
dee are characters in what storyf
4. Who was the first king Of the
house of Windsors?
5. Can eclipses Of the sun occur
in any month Of the year?
6. What does a caryatid repre-
sent?
z. What American city is called
"The Queen City of the Lakes?
8. What is a serape?
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28
SPEAKING OF LENTEN
VEGETABLES

Yes, speaking of Lenten vegeta-
bles reminds us that the Lenten sea-
son has again returned-that season
when Lent challenges us as good
cooks to produce something new and
different something which will en-
tice the appetite Of the family
something that will perchance be-
come so great a family favorite that
1t will remain a must" on our rec
ipe list all through the year.
Such is the list of new ideas for
4ooking vegetables as contained
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28

y
minutes. Then top each half orange
with a marshmallow and continue
baking until marshmallow il puffy
and golden brown. Remove from
oven and serve at once.
Baked Tomatoes and Shrimp.
5 fresh medium-sized tomatoes
2 tablespoons butter
tablespoons diced green pepper
tablespoons minced onion
No. ] can shrimp diced
Hollow out tomatoes. Melt but
ter in frying pan and add diced
green pepper, onion, and shrimp.
Brown mixture very lightly and al
tomato shells. Sprinkle with but
tered cracker crumbs and bake I'M
ill tomatoes are tender.
Stuffed Baked Onions.
3 large onions
! cup soft bread crumbs
u teaspoon salt
Dash pepper
4 slices bacon, minced and cooked
Buttered bread crumbs
Remove the outer akin Of the on
ions and cut in half horizontally.
Cook in boiling sailed water. uncov-
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28

in this column to-
day. Not only will
you like these
new ideas for
cooking vegeta-
bles - but also
equally as much
I think you will
like some of the
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28
Before the Facts

Sit down before every fact as a
little child. Be prepared to give
up every preconceived notion, fol-
low humbly wherever and to what
ever abysses Nature leads, or you
shall learn nothing. IT. H. Huxley.
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28

ideas for serving them. Note the
canned peas as shown in the photo
graph above. Look good enough for
any company dish, do they not, yet
all that was done to dress them up
was simply to surround them with
onions and carrots and the carrots
were garnished with tiny sprigs Of
fresh parsley.
Thus it is that everyday foods
foods full Of nourishment and of
food value become new favorites.
Please from time to time, try each
one of these recipes-you'n like all
of them, know.
If you've strange guests coming
for dinner and don't know what
vegetables they like, cover your
confusion by letting them choose
their own from this attractive ar
rangement Of canned peas, onions
and carrots.
French Fried Onions.
Use Spanish or large Bermuda
onions. Peel and cut in slices Va
inch thick. Separate slices into
rings, soak in milk for few min
utes. Drain and roll in -four. Fry
in deep fat, which has been heated
to $50 degrees F. hot enough to
brown cube Of bread in / minute.
When onions are golden brown, re-
move from fat and drain on abb
sorbent paper. Serve very hot with
broiled steak.
Vegetable Rice Ring.
l cup rice
2 cups peas
" cup tomato PURGE
/ teaspoon celery salt
Va teaspoon curry powder
" teaspoon paprika
VI cup butter
Cook the rice in boiling sailed wa
ter until tender and drain. Place in
ring mold and dry slightly in oven.
Heat peas. Remove rice ring from
mold and heap peas in the center.
Cover with sauce made Of the to-
mato PURGE, seasonings and melted
butter. Serve very hot. III
Orange Sweet Potato Baskets.
Cut large navel. oranges in half
and scoop out centers. Cube the
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28

which actually happen, than in an
ticipating those which may happen
to us.-La Rochefoucald. 1
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28

firm. Turn out on q hot, round
platter.
Sav0ry Glazed Carrots.
Cook until onions are tender:
2 tablespoons onion, chopped
2 tablespoons butter
Flour carrots and saute with on
ions and butter for 10 minutes:
Q or 10 whole carrots, scraped q to
6 inches long)
2 tablespoons flour
" teaspoon salt
Then pour on:
can consomme, diluted with
" cup water
Cover tightly and cook until car.
rots are tender. Sprinkle with
chopped parsley just before serving.
Corn Souffle.
tablespoons butter
8 tablespoons flour
teaspoon salt
2 cups milk
z cups canned corn
I tablespoon chopped pimientos
l tablespoon finely chopped onion
2 tablespoons chopped celery
4 egg yolks
4 egg whites, beaten
Melt butter and add -four, salt
and milk. Cook until very thick
sauce forms. Stir constantly. Add
corn, seasonings and egg yolls and
beat three minutes. Fold in egg
whites. Pour into buttered baking
dish, set in pan Of hot water and
bake 40 minutes In moderate oven
(S50 degrees F.).
Brussels Sprouts
Select light green, compact heads.
One quart win serve six. Remove
wilted leaves and soak for Is minutes
in cold water. Drain and cook UNI
covered for 20 minutes in boiling
water. Add salt the last 10 min
utes. Drain and serve with Hol-
landaise sauce.
eaelsased By Western Nswspapsx Unionl
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28

pulp and fold in
hot mashed sweet
potatoes. Fill the
orange shells and
bake in a n1oder-
ate oven $3.50 de-
gree 81 for a p
proximately 10
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28

cred, until onions are almost ten
der approximately 20 minutes).
Take care to preserve shape OF
onions while cooking. Drain, and
arrange cut side up in a buttered
baking dish. Remove the center Of
each onion and chop fine. Mix with
the soft bread crumbs, salt and pep
per, and bacon. Fill onion halves
and top with the buttered bread
crumbs. Cover bottom Of the bak-
ing dish with water and bake in q
moderate oven $3.50 degrees) until
onions are tender and bread crumbs
have Drowned, approximately VI
hour.
Caulifower la Parmesan.
/ head caulifower, cooked
8 tablespoons grated cheese
cup white sauce
" cup buttered bread crumbs
Place cauliflower in creased cas-
serole. Pour white sauce over cauli-
flower, and sprinkle with cheese and
bread crumbs. Bake in moderate
oven 1915 degrees F.) 80 minutes,
or until crumbs are delicately
Drowned. Serves 6.
Spinach Nut Ring.
(ServeS 81
8 cups cooked spinach
8 eggs (beaten)
" cup bread crumbs
"a cup nut meats (cut fine)
VI cup bacon fat
" teaspoon salt
"a teaspoon pepper
Chop the spinach and add the
beaten eggs and other ingredients
The midland journal. (Rising Sun, Md.) 1885-1947, 1941-03-28

stock be good, there springs up for
a time a succession Of splendid
men; and then comes a period Of
Observation-Disclosures.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-07
Selling in Steel
List Wedkens
Stock Market

NEW YORK, Oct. 7.-WealxneSs
in the steel group with United
States Steel off Ia and Bethlehem
selling at new lew accumulated
a lower stock market today. Rails
were under pressure too and gave
ground with increasing activity.
THE strike at the Gary. Ind. plant
was a factor in the selling Of Big
Steel.
In the motors. Chrysler fell over
la point. j. /. Case and Pepsi-Cola
showed similar losses in forenoon
dealings.
Fractional declines also were
noted in General Motors, ATT, In
lternational Nickel. and Atchison
Allied Chemical bucked the trend
early. for an overnight gain of IL
TO 1911 Douglas in the aviationS
Ialso rose ] to rs.
In the absence of definite news
however, traders said the market
had not acted well in recent SEES.
Isions and that it had failed to
demonstrate enough strength &c
push through the resistance cell.
Ilngs on number of occasions
which discouraged traders who had
felt eonstructively inclined some
weeks back.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-07
Explanation Offered

The published explanation is
that Sidney Hillman. labor's
champion who is associate di-
rector general of the OPM.
quietly entered into a collusive
arrangement with the American
Federation Of Labor 70 bar all
non-AFL contractors from de-
Tense work"
The successful--or at least
lowest bidder. the Currier
Lumber Company OF Detroit. has
a labor agreement, not with the
AFL, but with the Go.
Moreover. this concern spe-
ciaIizes in prefabricated homes.
The official organ OF the Ameri-
can Federation frankly states:
"Hillman, in his official posi-
ton as twin head of the OPM,
helped I'm the negotiation of this
pact which gives the ALL unions
a virtual closed shop on all de-
Tense construction projects"
According to- President p. J.
Currier. Washington has violated
all precedent and practice by re-
fusing TO accept the lowest re-
sponsible bid for government
contract because of an utterly
un-Ameriean deal between la
-ha.aite- sSidaeyEillman-and=the
ALL and because the latter
threatened TO call a general
building strike if the lowest bid
der were awarded the contract.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-07
Conne|y Calls
ATT Bond Sale
Great Mistake

CHICAGO, oct. 7-Thousands
Of small investors are being de-
prived of the opportunity 10
hold high grade investment secuTi-
ties through the operation of the
securities and exchange commits
sion's ruling compelling competi-
tive bidding for public utility
securities ruling not in the
public interest" Emmett +. Con-
nelly, president Of the Investment
Bankers Association of America
charged here today.
Speaking before the American
Life convention at the Edgewater
Beach Hotel, Mr. Connely asserted
that more than 100000, OF
highest grade securities that
rested in the hands Of thousands
of investors six months ago will
now be held by four institutional
buyers. He called the recent sale
of a 100000 American Tele-
phone and Telegraph Company
bond issue TO three insurance com
panies "a great mistake. - and
added:
II think IL was short-Aighted
policy on the part OF the insur-
ance companies. Opportunism
and a plethora of investment
funds may have been the domi-
mating factor, hut opportunism
sometimes backfires."
while there Is no law or
regulatiO that required the
american Telephone and fetr=
graph Company 10 sell its bond
Issue Of 100000, 900 competi-
lively" he added, "the marriage
ment has been 40 bedeviled for
following the sound practice OF
financing through their tradi-
tional bankers that assume
this IL the reason they elected
10 follow the trend that bids
fair 60 deiHg iFfePaTabie harm
ITO all classes of investors and TO
many security dealers"