Poughkeepsie Eagle-News from Poughkeepsie, New York • Page 5

MONDAY. NOVEMBER 27, 1933 THE POUGHKEEPSIE EAGLE- NEWS PAGE FIVE BONDS FOLLOW DOLLAR SWING Market Shows New Strength, After Federal Officials Offer. Reassurance ken rbove chess of Dover nedihers heat LEER ndet alley fo incle nent His. OWn of of lary AY a who ding ram NEW YORK, Nov. 20 -Bonds clung to the dollar during the week and both rallied stabilization substantially the currency warfare was waged briskly on various fronts.

United States government securities led the upturn, after dropping sharply following Prof. O. M. W. Sprague's resignation from the Treasury and his denunciation of the administration's monetary program.

The recovered quickly in response to reassuring official statements as to the maintenance of the government's credit and announcement that surplus funds of the Treasury would be used from time' to time to purchase the bonds. While there was some official buyIng during the week, the Federal Reserve system reported that for the first time since last May it had not added any government obligations to Its portfolio. Instead, its total holdIngs during the week showed a decline of $508,000. The decrease, however, was explained as a purely technical bookkeeping shift. The cessation of the open market to the campaign, fact it that.

was member understood, banks was note have a plethora of excess reserves amounting to around $850,000.000. til these excess funds can be moved into industry and trade, the Reserve authorities were feel that any further increase was unnecessary. Preponents of dollar stabilization were cheered by the sharp recovery of the unit in foreign exchange markets and, whether because of this or for other reasons, prime investment corporation loans recorded a spirited advance and even secondary issues, which were supposed to improve with the growth of inflationary sentiment, displayed a firm front. Although the F. C.

for several days held the domestic gold' price unchanged, there was no intimation from Washington that the government's monetary pollcies would be revised. GRAND JURY TO HEAR POLICE CASES DEC. 11 Although there had been some indi-1 cations that the grand Jury now in session might be recalled early this week to consider the cases against three city policemen charged with unlawful entry, Assistant District Attorney Lavery said last night the jury would return on the scheduled date, Dec. 11. He said the first case which will be considered would be that of policemen who are Herman Soloway, Joseph Moran and James T.

Hayes. Indications that 11 indictments should result, trial would be sought at the December term of county court so that the cases could be disposed of and the departmental charges heard by the police board. Should the criminal charges still be pending on Dec. 20. the date set for, the departmental trial, adjournments will be taken.

SISTER'S WILL NAMES MRS. CLIFFORD P. CASE Jar.e C. Sturgess who died in New York April 16 left one-eighth of her estate to her sister, Mrs. Clifford P.

Case of 110 Livingston street, this city according to a State Transfer Tax Department report. Mrs. Case will receive about $12,600. Holdings in the estate were appraised at 170. Dubois Carpenter Architect WOOD-PURINTON SECRETARIAL SCHOOL 12-Month Session Day and Night Classes 52 Market Street Telephone 922 POUGHKEEPSIE, N.

Y. WEAR ENNA JETTICK SHOES FOR COMFORT FASHION SHOE SHOP 358 Main St. BERRY CORPORATION Investment Securities. 16 Cannon Street Poughkeepsie, N. Y.

Telephone 2411 WALL STREET BRIEFS NEW YORK, Nov. 26-4P-Dividend action for this week on the followeduled among others: International Business Machines, Lorillard, Auburn Automobile, Commonwealth and Southern First National Stores, Hazel Atlas Glass, Briggs, and Stratton and Anchor Cap. Stockholders of Centrifugal Pipe corporation, will meet Dec. 18 to on A to reduce the capital stock from $23.25 a share to stated value of $5, The proposal is merely for bookkeeping purposes and involves no chance in the number of shares 'outstanding. STEEL REPORTS RISE IN OUTPUT Production Slightly Higher, And December Prospects Appear Excellent.

CLEVELAND, Nov. Gains in steel operations which last week lifted the national average half a point to 28 per cent without heavy purchasing by railroads and by the automobile industry, and considerable underlying strength manifest in demand for iron and steel, lend hope that the month of December will top November, the magazine "Steel" said today. This would be reversal of the usual seasonal trend. The increase in purchasing, the weekly review said, "can be traced to the general desire of consumers to take in the bulk of the material due them on fourth quarter contracts." It continued: "Last week the first of the 1934 automobile models came off the assembly line, and though some makers are shutting down for inventories, steel releases as a whole are beginning to expand. Larger buying by the railroads and for public works is expected to be early development.

Confidence of the steel industry, therefore, is not now being diminished by the customary year-end As for prices, the review expects adjustments made recently to induce specifying and new purchasing. Tin plate prices have advanced. ton, $7, wire manufacturers' wire $2, wire nails $5, track bolts. $3p bale wires $7. to.

$13, and boiler tubes $4 to $6. THREE, INJURED BADLY WHEN AUTO HITS COW JACKSONVILLE, Nov. -Three tourists, en route from Youngstown, N. to St. Petersburg, were seriously injured yesterday when their automobile hit a cow and overturned near Baldwin, Fla.

The injured persons, brought Margaret to a hospital here, were Mrs. Toy, Mrs. Cella M. Ferguson and La C. Homer, all of Youngstown.

Gilbert C. Ferguson, fourth occupant of the automobile, received only minor injuries. LAFAYETTE PLACE MAN BRUISED IN ACCIDENT John Glenn, 50, of 22 Lafayette place, suffered cuts and bruises Saturday morning when he was thrown out of a car operated by Rex A. Barrows of 93 Union street, after a collision with a machine operated by Katheryn Arborio of 141 Academy street. The accident happened in North Hamilton street at the entrance to the county Glenn was attended at St.

Francis hospital and then was discharged. EXPOSITION WORKERS EXPOSITION WORKERS NAME TOZIER AND PEW H. H. Tozier, Dutchess county 4-H club agent, was named chairman of the budget committee of the Baby Beef department of Eastern States exposition at a meeting of the management committee in Springfield, last week. He is vice-president of the William H.

of Briareliff farms, Pine Plains, was re-appointed man of the Baby Beef department. 52 IN DUTCHESS COUNTY SEEK LIQUOR PERMITS COUNTY Only 52. applications for licenses to sell liquor for consumption on the premises have been filed with the Sat- 1o- cal license board, it was revealed urday. Of that number 20 are for restaurants, hotels an delubs in Poughkeepsie. The other 32 are in the county and Beacon.

REV. STACEY CONDUCTS MRS. OSTRANDER'S RITES The funeral of Mrs. Mary Deyo Ostrander was held yesterday afternoon from her. home in Bircher avenue where serviees were conducted Rev.

Stacey, minister of the Washington Street M. E. church. Burdal was in New Paltz cemetery under the direction. of Charles J.

Schlude. An KINGS OF SERVICE BANK Outstanding Bank Over 100 Years of Sound Banking Service POUGHKEEPSIE TRUST COMPANY TRADE INDICES DISCLOSE GAIN Car Loadings, Power Output Higher; Retailers Report -Business Is Good NEW YORK, Nov. The signa of a reversal in the downward trend of industrial activity which appeared, clearer weeks outtine Ago, were the etched business in statistics in the past week. New models began to pour off some of the automobile assembly lines, steel production quickened slightly, contrary to usual seasonal trend at this time, and the weekly statistics for the movement of revenue freight showed a marked expansion, although the tendency is normally downward at this season. Electric power production expanded slightly, at about a normal rate for this period, as measured by the average of the past several years, although the gain was less than 'at this time.

last year. Dun Bradstreet reported that retail distribution continued to gain, with volume reaching new high levels for the season. "In agricultural 'said this mercantile agency's weekly survey, "retailers are closing the most satisfactory fall season since 1929, with no signs of an early letup in the encouraging business experienced during recent weeks." With the good results thus far recorded. and the seasonal peak still ahead, it added, conservative estimates place the Christmas volume for the entire country at the highest level in three years. The publication "Steel" estimates that steel production increased to 28 per cent of capacity last week, from per cent in the preceding week.

The report of freight car loadings for the latest week showed an increase of 21,613 cars over the previous period, or 3.7 per cent, and the total was 4.7 per cent over the like week of 1932. Compared to the corresponding period of 1931, the week's volume showed a recession of 8.3 per cent. Most of the improvement over the previous week was in the movement nt of coal, but miscellaneous freight and grain and grain products were, also substantially higher. Commodity prices have continued an upward tepdency, and the bureau of labor wholesale price index now our stands about 12 per cent over the level of a year ago. SELECTION OF SCARNICI JURY TO BE RESUMED TROY, Nov.

only six men placed in the jury, box. in three days last week, the selection of jury to hear the murder trial of Leonard Scarnici, New York city gangster, and two of his pals, will be resumed tomorrow morning in Rensselaer county court with a new panel of veniremen on hand. Fifty -one man had been examined when all available veniremen were last Thursday and court recessed until tomorrow. Scarnici, Charles Shore and thon Reino are charged with the slaying of James A. Stevens, Rensselaer detective, deuring a bank holdup last May.

TRINITY SCOUT TROOP QUALIFIES FOR AWARD Boy Scout troop No. 5. of Trinity M. E. church is the first in Dutchess county to qualify for the President Roosevelt achievement award for gaining new members, it was reported Saturday by Scout Executive Forse.

The troop's application for the award will be sent to -Washington at once. Troop 5 gained 19 new members in the last year and has a membership of 47. CASCONE DRAWS $10 FINE ON CHARGE OF ASSAULT Salvadore Cascone, of 29 South Clover street, was fined $10 by Justice of the Peace Traver at Rhinebeck Saturday night on conviction for third degree assault. He was found guilty of an attack on Thomas Lewis of Arthursburg after an argument over a county highway bridge project on which Cascone is foreman. MRS.

CARRIE WHIPPLE'S RITES CONDUCTED HERE The funeral of Mrs. Carrie Doty Whipple, who died Thursday, afternoon was held privately Saturday from her home, 5 Garfield place, with services by the Rev. Harold B. Kerschner, minister of the First Presbyterian church. Burial was in the Poughkeepsie Rural cemetery under the direction of Irving G.

Storm. Pleasant Plains News PLEASANT PLAINS, Nov. 26-Mr. and Mrs. Frank Bottenfeld were guests of Mr.

and Mrs. Charles Marshall near Poughkeepsie Sunday, A regular meeting of Fallkill grange. was held Tuesday, night. Several candidates were, given the first and second id degrees. The next meeting will be the annual election of officers.

The Pleasant Plains Christian Endeavor society, held a box social at Ernest Rymph's Thursday night. The Women's Missionary society is to hold its annual Christmas bazaar and portion supper at the Grange hall on Dee. 8. The Sewing was entertained by Mrs. Harold Pink Wednesday afternoon.

There were 23 members present. Plans were discussed for the card party and bazaar at the home of Mrs. Burgess in Staatsburg. Wednesday evening, Dec. 13.

Members of the Circle will meet at the Grange hall to clean kitchen, on Tuesday, Dec. 5. Refreshments were served by the hostess. The next meeting will be with Mra: Irving Burger and daughter on Thursday, Dec. Mrs.

Irving Burger has been spending the' past two weeks fro mhome. New Spanish Custom Wins Votes NEA tions in Spain, when thousands of women voted for first time, Age-old traditions and customs were swept away in the recent elecswinging the nation back to conservative rule. The picture above, typical of scenes throughout Spain, shows a woman presenting her credentials to election officials a few days before the balloting. Produce Market Report NEW YORK. Nov.

26-(P)-(State Department of Agriculture and Markets) -Weekly trend of local wholesale markets. The undertone the green apple market was dull and slightly weaker as receipts were more than to meet trade requirements. Western New York Rhode Island Greening apples N. Y. U.

S. grade No. 1, inch and upward jobbed out on the price range of 1.25-50 per bushel basket, depending upon Western New York supplies of beets and carrots were moderate as was the demand and about steady. Pier delivered sales of 100 sacks of round beets were reported at mainly 1.25 and unwashed carrots at 1.25-35. Arrivals of New York upstate cabbage were relatively light and the demand was rather limited.

Jobbing business at various terminals in New York city and Brooklyn on bulk, Danish white cabbage was consummated on the basis, of per ton and fed California sharply competed against New Western York in New. the York, marketing celery of celery. the rough" packed two-thirds crate containing from four to ten dozen stalks jobbed out at principally 1.75- 2.00, occasionally as high as 2.121-25. whereas California washed stock packed in half -crates containing from to six dozen stalks realized from 1.75-2.50, chiefly around 2.00-2.25. NEW BOOKS AVAILABLE AT' ADRIANCE LIBRARY The following books have been made available recently at the Adriance Memorial Batten, The written word; Benet, book of Americans; Best plays of 1932-33; Bobbe, De Witt Clinton; Braddy, Anne Sullivan Macy; the story behind Helen -Keller; Brant, Dollars and sense; Chapman, Autobiography of a bird -lover; Dennett, John Hay; Hamilton, Complete model aircraft manual; Hiss, New feet for old; Huntington, Economic 80- cial geography; Kyrk, Economic problems of the family; McCulloch, A million miles in sail; Marks, The craft of writing: Marquis, Archys life of Mehitabel; Maurois, The Edwardian era; Henry memorial award prize stories, 1933; O'Brien, Diary, of a plain dirt gardener; Palmer, With.

my own eyes; Pitkin, More power to Reitz, Afrikander; Ripley, Sand dollars: Robinson, Talifer; Roosevelt, It's up to the wonden; Roule, grations; Fishes, Schweitzer, their Out journeys of and mi- life my and thought; Shultz, Making homes; Skariatina, First to go back; Skinner, Beaver, kings and cabins; Sullivan, Over here, 1914-1918. (Vol. 5 of Our times); Tead, Labor relations under the Recovery act; Wascermann, My life as German and Jew; Watts, Every game check mate; Willemse, A cop remembers. Fiction Burt, Entertaining the Islanders: Barnes, Within this present; Douglas, Jeopardy; Freeman, Thorndyke intervenes; La Farge, Long pennant; McFee, No castle in Spain; Maugham, Ah King: Oppenheim, The ex-detective; Parker, After such pleasures; Queen, The Siamese mystery; Rohmer, Fu Manchu's bride: Spearman, Hell's desert; Sprigge, The old man dies; Wren, Action and passion. MRS.

M'CARTHY DIES AFTER SHORT ILLNESS Mrs. Catherine McCarthy, 67, of 1 Taylor avenue, died yesterday morning at her home after a short Illness. She was born in Ireland and had lived. here 11 years. Surviving, her are one son, John Marlboro: and four daughters, Mrs.

John Whalen of this city, and Stella McCarthy of this city, Mrs. Ralph Demhirst of, L. 1. and Mrs. J.

Watson of New York. Funeral services will be held Wednesday morning at the home at 9 o'- clock and at St. Peter's church at 9:30. Interment will be at Marlboro in charge of John V. Mellady, SCHOOL PAPER LEAGUE TO CONVENE AT DOVER The Dutchess County Press league, with which seven schools are affillated, has" scheduled meeting on Dee.

11 at Dover Plains. A meeting in Arlington high school last week WAS attended by 80 pupils who heard talks by Joseph Kaag of the Poughkeepsie high school faculty and Veronica A. (Thompson of the Warring school, lacuite Donald Plain, 1s president of the league. SECURITIES ACT REVISION URGED Guaranty Trust Says Change Is Necessary to Permit National Recovery NEW YORK. Nov.

The guaranty survey, in its monthly review of business conditions, says prompt modification of some features of the federal securities act is necessary 11 business recovery in. the United States is to become an ACcomplished fact in the near future. "Recovery cannot come without wholesome revival of confidence in industrial circles, readily available longterm investment funds, and a renewal of activity in the capital-producing industries," the survey. says. "After much consideration we have reached the that unless the federal securities act is changed it will materially hinder business recovery.

The survey commends the underlying purpose of the act. "truth in securities'-and says it strikes an effective blow "at one. of the greatest weaknesses in our practice of marketing securities" but "Its unreasonable liabilities and excessive shows the influence, probably unconscious, of the emotional bias of the time." "The law," the survey continues, "by its excessive penalties, by defining inadequately the standards of care required of directors and others, by leaving doubt some cases may be "held liable, and in general by encouraging unjustified litigation, is making many corporation executives afraid to proceed with any plans calling for the registration of securities. and is thus retarding business. "Many of our ablest and most disinterested business executives, having studied the application of the law to themselves, contemplate.

with the gravest misgivings the possibility that they may be called upon to sponsor 8 registration statement. We feel that the unwillingness of honorable and experienced men to assume the risks of the act should be given serlous consideration by its proponents with a view to appropriate revision. BURNETT REPORTS CITY PAYS JOBLESS' LODGING -Poughkeepsie's homeless, -unem ployed men are' lodged in rooming houses and the rent paid by the city, a special committee of the Common Council learned Saturday morning from Superintendent Burnett of the Board of Public Welfare. The committee's inquiry into the proposal by Alderman Becker to establish a central lodging place for these men has been abandoned. it WAS said last night by Alderman Murray, chairman.

The committee, which included Aldermen Murray, Becker, and Heaton, conferred with Colonel Burnett at the city home. superintendent said he would investigate about dozen men described by Alderman Becker as homeless. If they are eligible to receive assistance from' the city they will be placed in rooming houses. SETTLEMENT APPROVED IN GNEWUCH LAWSUIT County Judge Flannery has approved settlement for: $125 of an action brought William Gnewuch, 19, against Palisi Brothers Taxi service, of Beacon. Gnewuch was injured Sept.

21 when a defendant's taxi collided with the car of Harold Wiedeman with whom he was riding. Walter A. Cronk was guardian ad litem for Gnewuch and Edward C. O'Connell was his attorney. TOWNSEND TO SELECT RED HOOK POSTMASTER Supervisor James Townsend, chairman of the Democratic county committee, said Saturday that he and the county committee would endorse candidate for postmaster for Red Hook, of the failure of the town committee to agree on candidate.

There are tHree candidates in the feld but Mr. Townsent said none of them would be endorsed. They are Mindert VanDeBogart, Alvah Saulpaugh, ani Matthew Galvin. CAR-BUS CRASH COSTS 6 LIVES Nine Others Hurt on Goshen Highway; Girl and Fiance Among the Victims Six Middletown residents were killed and nine other persons were injured afternoon when bus and A pleasure, car collided on the Goshen-Chester highway. 10 miles south of Goshen.

The pleasure car in which all of the persons killed were passengers, was bound for Brooklyn with members of A party who were to gather in honor of the engagement of two of their number. Most of those who died were killed by fire that followed the crash.Eight of the 22 passengers in the bus were injured, and the driver, Peter Roland Nelson of Monticello, was seriously hurt. Those killed were Jacob J. Kaiser, 28. driver of the sedan; Mrs.

Gertrude Kaiser, his -wife; Rose -Dirr, 23, bride-to-be; Kenneth Baird, 25, her fiancee: Marie Dirr. 18, and Kathcrine Dirr, 21, sisters of Rose. Those injured were Nelson, operator of the bus; William Gordon of White Lake; Louis Tannbaum of Ferndale; Henry Schulman of Monticello; Raymond Rubin of Bronx: David Dipper of Brooklyn; Mrs. Anna H. Schroeder of New York; and Mrs.

Fred Schnitzer of Ozone Park. The bus was a Yelloway Bus company vehicle from New York. Witnesses said the bus, bound from New York to Liberty, was proceeding upgrade and swung out to pass farm wagon that loomed suddenly in front of it. As the bus swung out the pleasure car came over the brow of the hill and smashed headon into it. It.

burst into flames as it was tossed back into a ditch. District Attorney Franklin Schriver conducting an Investigation. GYM AT VASSAR your chance borrow the cash you need to pay old bills, taxes, for other We specialize 1 loans 5 $300 Small Monthly Payments Come in Write or 'Phone PERSONAL FINANCE CO. Licensed by N. Y.

5. Bank Dept. Room 307, Second F1. Church 268. Main Poughkeepsie Entrance also at 11.

Market St. Telephone Poughkeepsle 8783 Loans Made in Nearby Torna WILL OPEN SOON Tennis, Squash and Handball Courts to Be Ready after Thanksgiving Recess The tennis, squash and handball courts in the new gymnasium and sports building- at -Vassar college will be in use tinmediately after Thanksgiving vacations, it was reported at the college yesterday. The students will start their holiday on Wednesday and will return to college on Sunday. The rest of the building and its facilities, including the swimming pool, will be ready, for use on Jan. 1.

The structure will be dedicated the latter part, of February. The courts are in the huge windowed rough brick building at the rear of the unit. The swimming pool has been plastered and has already been tested by filling and draining. The tile will be installed immediately, Water, heat and light have been used in the building in the last two weeks. The bowling alleys have arrived and will be installed in the next few days.

NOW'S Yellow onion arrivals moderate. New York and middlewestern state 50-pound sacks of No. 1 offerings wholesaled at 90 to 1.10. Price fluctuations on white potatoes were few and in- steady market. One hundred pound sacks of No.

1 round white potatoes from upstate New York jobbed out at 1.35-40 while No. 1 Green Mountain potatoes in similar size packages from Long Island commanded 1.85-2.00 and from Maine 1.60-70. Extra (92 score) butter declined of a cent on Tuesday and since then sold at cents per pound. Market was about steady on fresh and steady on held New York state cheese. Held 1932 flats grading fancy top specials, brought 21-22 cents per pound and 1933 held Fresh fancy sold at and average run 12.

The decline in egg prices that be-gan last- week continued during this week. Nearby white specials declined i cent since last Saturday and realized 34-35 cents per dozen. Some -receivers are paying 1-2 cents premium (a few over specials. Standards also declined 1 cent and brought 29- 33. Mediums and pullets continued at 25-26 and 22-23 respectively.

Fancy Pacific coast whites declined 4 cents and sold at 34-35. Brown specials packs declined 3 cents and wholesaled at 31-36. SHOPP WINS DIVORCE ON LOVE TRYST STORY Alonzo Z. Shopp, employee of the Hudson River state hospital, was awarded an Interlocutory decree of divorce by Justice Morschauser in Supreme Court here Saturday. Robinson Testimony was given by and Harold Brower, deputy, sheriffs, that Mrs.

Ethel M. Shopp, the defendant, was Indiscreet, with an unidentified man parked car near the Spackenkill school house on Oct. 28. Thomas Purcell appeared for Mr. Shopp and Earl Hawley was assigned by the court for Mrs.

Shopp. She said she didn't wish to contest the suit when called to the stand by Justice Morschauser. The couple were married Sept. 1, 1923, at Greenwich, Conn. They have no children.

THREE MEN WANTED For Permanent Position Positions will be open in the near future for three young men of pleasing personality, preferably with sales experience. The positions are with a leading Poughkeepsie business house which will shortly inaugurate an intensive drive on new type gas appliances. Sales opportunities are unusually good at present because of the demand, but permanent A come is assured in return for industrious application. Compensation is on a liberal commission basis. Call at our Market street office, Monday and Tuesday morning, between 9 and 11 o'clock and ask for MR.

H. L. MARTIN Central Hudson Gas Electric Corporation $175,000 IN CHRISTMAS CLUB CHECKS Checks amounting to $175,000 will be mailed to our 3,800 Christmas Club members on Wednesday, November 29th. This money will be used not only for Christmas gifts but also for taxes, mortgage interest, insurance premiums, coal bills, -all sorts of financial obligations coming due about this time. Ask any Christmas Club member what it means to have a Christmas Club check.

JOIN OUR 1934 CLUB WHILE CASHING YOUR 1933 CHECK. POUGHKEEPSIE SAVINGS BANK.