The Bakersfield Californian from Bakersfield, California on January 27, 1933 · Page 17
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The Bakersfield Californian from Bakersfield, California · Page 17

Bakersfield, California
Issue Date:
Friday, January 27, 1933
Page 17
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- '/ THE BAKERSFIELD CALIFORNIAN, FRIDAY, JANUARY 27, 1933 DEALUNFO Ambitious Program, Expected to Overcome Depression, Ready for March 4 (OonHhuM From fagt One) realizing the hazards before It at this •fission, he IB determined that It be , made a law at an extra session If such is necessary. ' ' Holiday In Sight After weeks of Intensive study here and In New York on governmental 4 cares,. Mr. Roosevelt has a week-end holiday of politics in. sight. Democratic leaders, including James A. 'Farley, national .chairman, are due here to help Roosevelt celebrate hls> fifty-first .birthday. • « Another round-up of national issues will be undertaken next week before .the president-elect departs on February 3 for his 10 days' yachting and fishing cruise. Mr. Roosevelt has sounded out his available cabinet material and Is about-ready to announce his choice but that announcement Is not expected before'the middle of February. .Some decisions are expected to be * made at the meeting with Farley and Louts M. Howe, his political secretary, next week. IPANWTNG OF Purchase of Nitrates Also * Causes Speculation Among Many (Continued From Page Two) tember to 1955 tons in November and 3000 tons In December, Buying Shift Seen As against these Increases, however, Japan's total Imports of nitrate of soda from all countries dropped 9465 tons for the first 10 months of 1932 as against the same period of the preceding year, Indicating the possibility of a shift of buying from other countries to the United States. Assertions in the French Chamber of Deputies recently that Japan was buying munitions In France, were re- aalled in connection with sales of American nitrates to France; These Were 23,480 tons in 1931. In nine months of 1932, the Hopewell, Va., plant sold 83,408 tons to France. CottoruPurchases Increase •Japan's cotton purchases have increased sharply. In 1932 the United States exported 2,240,000 bales of cotton to Japan as against 1,744,000 bales the year before. Most of this was short staple cotton. But officials here say'that this increase was due to the sharp decline In cotton prices. They say llntors, a cheap form of cotton waste, are used for manufacture of tun cotton and other munitions. "To use staple cotton for gun cotton would be like buying porterhouse Hteak to make hamburger," one official said. "Furthermore, there is potf- slbly an IS per cent wastage.of cotton In manufacture. Japan's textile industry Is capable of supplying enough waste material to fill all conceivable needs In explosiye manufacture." • firms Export Small Direct exportation of arms and war equipment to Japan have been small, 'according to customs bureau figures. Exports to Japan for 11 months • of 1932 show: Shotguns, 14; machine guns, 1; shotgun shells, 95,000; metal, lie cartridges, 24,000; airplanes, 1; parachutes, 66. To China: Revolvers, 464; rifles, S; shotguns, 174; machine and' heavy ordnance guns, 12; smokeless powder, 33,069 pounds; airplanes, 16; aircraft engines, 5. , AVERSlCiOCRACY IT BE ACCEPTED SAN FRANCISCO, Jan. 27. — Technocracy .must be accepted as the solution for the country's basic problem, or another method must be found sfon to "avoid consequences appalling even to" contemplate," said William H. Smyth, Berkeley InVentor of the term, "technocracy," today. Concentration of wealth by the few and poverty for the many has been the story since the time of ancient Egyptians, or since the first adoption of money, credit, interest and profit, Smyth told the Commonwealth Club. "Stone age methods of distribution, based upon these four antiquated finance and economic conventions," he said, "have proved to be utterly inappropriate to the necessities of modern, scientific production. "Correlation of production and distribution must be devised by organized scientists and technicians." Smyth published several articles on technocracy in 1917-19, and Is credited with being the inventor of the term. - *-••• JAIL AERIAL SMUGGLER SAN DIEGO, Jan. 27. (U. P.)— Grant Splllman, airplane pilot, was under sentence to six months In jail today after he pleaded guilty In United States District Court to charges of smuggling liquor across the Mexican border. A. E. HOOVER BLOCKS FORECLOSURE A. •.' Hoover who says he Is • cousin of President Heover, hat fora- stalled foreclosure; of a $14,000 mortgaflo on hlo farm near Grand Meadow, Minn., through a plea by • committee of the Minnesota Farmers' Holiday Association, Accompanied fay tho committee, Hoover wont to Deo Molnoo, Iowa, and offoctod • compromise with tho mortgage holder through tho Joint Stock Land Bank there. Tho compromise, It was reported, will allow Hoover to stsy on hlo farm as a renter. According to Hoover, ho hid missed one semi-annual payment of 9400 and was faced with eviction and loss of his stock, machinery and household goods* ss are many mldwostorn farmers. Hoover ssys his father and tho President's f other wore brothers. Hoover ssys that ho, like the President, was born In West Branch, Iowa. War Minister Says Program to Strengthen Army to Continue (United Prest Leased Wire) ' T*OKIO, Jan. pi. —Spokesmen for the Mlnselto, minority political party, attacked the huge bond Issues proposed in connection with the 1933 budget during an interpellation before the budget committee of the Diet today. The attack was directed particularly against the Manchurlan naval supplementary fund contained in the budget. Replying to the criticism, Minister of War Sadao Arakl declared the program for strengthening the defense of Japan and Manchuria must continue through 1935. The war minister added that military expenditures in connection with the seizure and policing of ManchurU will not be borno ' alone by Japan. This was Interpreted to mean that the Man. choukuoan Independent state, set , up in Manchuria with Japanese aid, would assume a share of tho oxponso. Following the minister's statement, spokesmen for the Selyukal, dominant party in the Diet, Interpellated a demand for a ruling setting forth whether the "government or the army and navy are empowered to decide the military strength of the nation." It was understood the cabinet was draftlrtfe a reply which 1 , would declare ambiguously "the government high commands should co-operate in advising the emperor In such matters." BIG BANKERS OF EAST PASTED Avers Morgan Ousted Farrell From U. S. Steel; Latter Opposed Wage Cut (Continued From Page One) DEPUTY SHERIFF SLAIN ROME, Texas, Jan. 27. (A. P.) — Joe Brown, 47, deputy sheriff, was shot to death hero today by two men und a woman ho hud arrested. The trio, suspected of an oil theft at Docatur, Texas, fled toward Fort Worth In a motor cur.. • Wm. C. Bullitt in Conference With b ^French Premier • '.\ . .fAssoo(attd,Pretis Leased Wire) \PARI8, J»n," 27.—William C. Qulllt,t-conferred with *»rsml«r P.«ul.Bonoour last nloht, the for- aipn. office diselossd today. A foreign office spokesman said Mr, .Bull.ltt.had arrived yesterday, .ostensibly as a,n emissary ef Cole. J n«l'Edward M. House Instead of i. 1 <}••••;.•••• direct envoy of President; elect Roestvelt, and that h« was received out of courtesy for ths previous roles hs has played In •American politics. The interview taut night was short but others. are expected to follow. BY SUFFERING FOR (United Prett Leased Wire) VISALIA, Jan. 27.— At least four relief parties were en route Into the snowbound Eshom valley district today to take food to residents, many of whom were believed to be suffering from lack of supplies. One party of deputy sheriffs were struggling through 6-foot drifts to rescue Mr. and Mrs. Murray Wood of Vlsalla, who have not been heard from since New Years, when they went to their cabin In tho valley. Friends said they feared the couple's supplies had been exhausted. Another party took food to a convict road camp near Geheral Grant Park. Advices from, the camp said supplies were running low and that no one was able to»loave for more. Sequoia Parlt rangers were eu route on snowshoes to 'a park road camp at Guhntgen, marooned by 12-foot drifts and unheard from for 10 days. A group of Lemon Cove men were understood to be attempting to break through on snowshoes to take supplies to relatives In the Eshom valley PROIEST EXTENSION OF U.1GAS TAXES (Asnnelatcd Prcts Leased Wire) WASHINGTON, Jan. 27.—The American Petroleum Institute and the American Automobile Association today registered a vigorous protest before the House ways and means committee against the Collier proposal to extend the 'federal gasoline tax for another year. Charles B. Ames, president of the Petroleum Institute, wild that federal state, county'and'local taxes on gasoline were reducing consumption of the commodity and Injuring the motor vehicle manufacturing industry. The'federal lucent levy, which expires under existing law on June 30, Is expected to return $137,000,000 In revenue during'the next fiscal year. Itla a major point In the Democratic budget balancing- program. 'The committee opened hearings, on the proposal late toduy. .,-..'.. bodies, that the Ford closing would oroe his company to lay off from 200 to 2000 men who had been turn- tig out Ford bodies. The Brlggs company supplies bodies or several motor companies beside i'ord, and some of those companies aid their stock of bodies would be xhaustcd by Monday. 'Rmployoo' Version Employed of the Brlggs .company aid their- protest .was over deduc- lons In their pay made for "dead Ime," caused by machinery breakdowns, or by moving from one part of he plant to another. Company offl- lals said the minimum wage for non- iroductlve workers Is 25 cents an tour, with the expert tradesmen drawing from 60 cents to $1 an hour. Between 40,000 and 50,000 men have >een employed In the Ford plant here, most of them three days a week. Es- Imatos of the number employed In issembly plants ranged from 60,000 to .00,000. The Brings company has employed about 0600 men. 1 In Full-Time Production The strikes stopped the flow of necessary bodies fo.r the new Ford models just as full-time production got Into sway. It was tho first time Ford hs» boon forced to oloso hlo factories due to. labor trouble but officials woro qulek to point out that the Ford Company Itself w»s having no difficulties with labor and tho shutdown wss duo to tho strike •t Brlggs and Murray plants. Once during the war Ford was orced to curtail operations to con-. orm to wartime fuel regulations and often during the period necessary fuel was difficult to obtain. Prospects Dark " Little hope was seen for resumption of work in the Ford plants until tho Brlggs and Murray companies can resume their operations. Effect, on the motor industry at arge was difficult to ascertain. In the past, buying has often held off in anticipation of new Ford models. The new cars were to have made their appearance before the public within a few days. At the mammoth River Rouge main plant here anxious groups clustered about the fences at the entrances but officials expected no difficulties. Dearborn police, however, were understood to have made preparations to handle any situation that might arise if the Briggs and Murray strikers should enlist the Ford workers in a sympathetic movement. Trust Compa-ny, Guarantee Trust Company, National City Bank, and the New York Trust Company. The 310 directors In these banks, Frey said, hold 287 directorships in Insurance companies, 301 In other banks, 521 in public utllttes, 585 In railroad, steamship, airplane and other transportation .companies; 84< in manufacturing corporations and 120 In other corporations. Frey then listed 24 other New York banks whose directors he said held 6260 directorships, These directorships, Frey added, in terlock "so that while Morgan has no directors in Chase, they sit with directors of Chase who are also directors of Morgan banks." Illustrates "Tie.up" "To give an Illustration of how these private banks tie-up with tho commercial banks and, through them, with other banks and corporations," Frey said, "the Chase National has on its board representatives. of seven of these private banking houses." "The directors of Chase," he added, 'hold 69 directorships in other commercial banks; 262 In miscellaneous corporations; 82 in 65 insurance companies, including 6 of 24 directors of the Metropolitan Life; 263 In manufacturing corporations; 133 in transportation companies, chiefly railroads; 73 In public utilities, making a total of 855. Wlaoin Lod Movement Frey said Albert H. Wlggln, former chairman of Chase Bank, "was the first banker to demand that wages be reduced" and that this influence spread to other bankers. Wiggln, he said, threatened a large publishing house that It would lose advertising in its magazines if it did not abandon an editorial policy favoring maintenance of wage levels. SENATE RESENTFUL OF ROIPH ATTACK ('Continued From Page One) taxed owners of homes, farms, business establishments and factories anc the public utilities without which no start toward meeting the unfortunate financial situation In which this Legislature finds the state can be made, i Program Rejected "For these and other reasons tho Legislature cannot accept your so- called 'economy program'." Governor Rolph told the legislators the full responsibility of balancing the budget, lowering taxes and pulling the state out of a. deficit rests with them To which' the senato'rs replied: "We are satisfied that the Legislature is willing to assume full responsibility for Its acts but It will no agree to assume any responsibility due to the Incompetency and extravagance proper|y chargeable to your admlnls tratlon." Body of Missing Youth Found in Ventura Region (Asioolated Prest Leased Wire) VENTURA, Jan. 87. —Oowsrsd with half a foot of snow, tho body of Elton Johnson, 11, of Plru, was found In Hoppor canyon late yes. tord»y. Tho youth, with 'his father, Virgil Johnson, '-hod loft their homo Janusry •)• on a boar hunting trip Into tho district when they wore trapped by a bliisardv Tracks believed to hive boon thooo made by the older Johnson wore found In the canyon, but there was no Indication whether or not he is still alive. trike in Other Companies Making Bodies Blamed; 150,000 Idle (Continued From Page One) Los Ansreles Hay (Atsoclatcd Prttt Lasted Wire) LOS ANGELES, Jan. .87.—Hay per on, f. o. b. Los Angeles; Choice barley. $14015, Choice oat, $16@18. Alfalfa, delivered (Hynes or El rlonte); U. S. No. 1, $12.60®13.60. U. S. No. 2 leafy, f 12.00® 12.50. U. S. No. 2, $11@12, Douglas Company in Stockholders' Hands (Asuoctoted 1'rem Leaned Wire) BROCKTON, Mass., Jan. 27.—Pre- orred stockholders wore In control oday of the W. L. Douglas Shoe Company, one of the largest concerns if its kind In the country, and oper- itors of a nation-wide chain of shoe •tores. A new board of directors, conslst- ng of nine members, and including wo grandsons of the founder of the company, W. L. Douglas, were elected ast night. MERGE AGRICULTURE, (Associated Press Leased Wire) WASHINGTON, Jan. 27.—Consolidation of the departments of agriculture and Interior into a department of national development was called for today In a bill by Senator Bratton, Democrat, New Mexico. Brattcn raid he believed the step would save at least $50,000,000 yearly. Under its terms, all the powers anj duties of the two departments and their officials would be vested in a secretary of national development. That department would take over unexpended appropriations of the other two departments with which to begin functioning. There would be an assistant secretary for agriculture and 'an assistant for the Interior, each to be paid $9000. Sister By SISTER MARY MCA I«nrl» Wrlttr C ANNED vegetables soon lose their appeal If they are served the same way day after day. While either buttered or creamed are excellent methods of serving most varieties ol canned vegetables, an occasional Innovation will make them appreciated more fully. Made vegetable dishes ore delicious and nourishing for winter days. Because of their "makings," such mixtures are excellent for main lunch- con dishes or with a light meat course for dinner. For example, corn souffle with pork chops brings up the protein calories of the meal to the required allotment. Canned peas anc hard cooked eggs baked in white sauce Is another combination rich In calories. In serving made dishes it Is well to keep in mind that the makings, while Increasing the food value, decrease the digestibility'of the dish. The combfna- tlon of Ingredients Is more slowly digested than' the Ranie ingredients served simply, and this must be .considered In planning the menu. Corn Croquettes One and one-half cups canned corn 2\4 tablespoons butter, .4 tablespoons cream, 1-3 cup flour, ft teaspoon sugar, ,'-l teaspoon salt, U teaspoon white pepper, 1 egg. . Add butter and cream to corn. Mix and sift flour, salt, peeper and sugar and Bttfc Into first mixture. Add egg slightly beaten and cook, stirring con Bluntly until thick. Turn onto a but tered platter to oool. When cold, mold Into cone-shaped croquettes, and rol In fine dried bread crumbs. Dip in egg slightly beaten with one table spoon cold water and roll again in crumbs. Dry In deep hot fat and drain on brown paper. The fat ther mometer should ' register 385 do green F. An inch cubs of bread from.the sof part of the loaf should brown In 4 seconds. Fry until brown on all sides ' Asparagus tlmbales are unusual am delicious to 'serve" with broiled laml chops for lunqheon. Asparagus Tlmbales One can asparagus, % cut top milk Ml teaspoon nalt, 2 tablespoons butter 4, tablespoons flour, 2 eggs. .'Cut off the aop'aragUH tips to th depths of tlmbale molds. Prepare oup diced asparagus from remaining stalks. Butter molds and line then with..,the tips. Melt butter,.'stir li four und cook until' bubbling, Adc milk and eggs beaten together \vitl salt and a few. grains of pepper. Pbu jnto'iholds and place molds in a pan of hot water. Bake 40 a moderate oven and serve turned nu on a hot plotter surrounded will cream' tiauco. STOCKS AND MARKETS Two Concerns Have Drop in Net Income (Associated 1'rest Leased Wire) NEW YORK, Jan. 27.—General Railway Signal Company reports for the •ear 1932 net Income of $634,664, compared with $1,210,264 In 1931. S. HI Kress & Company had net Income of $3,428,148 In 1932, compared with $6,010,481 in 1931. CHICAGO GRAIN CHICAGO, Jan. 27. (A. P.) — Moderate liquidating sales attributed to eastern holders of wheat acted as a weight on grain values today, but lato rallies resulted from reports of Russian-Japanese friction. "Spread" operations, in which there was selling of wheat here simultaneous with purchasing at Winnipeg, wore also an unsettling factor.. A steady Influence as to corn was a rise of hog quotations to the best level In two months, putting corn on a more profitable feeding basis.- Wheat closed nervous, unchanged to ?4c lower, compared with yesterday's finish; corn, unchanged .to ^4c higher; oats, unchanged, and provisions, unchanged to. 6c down. CHICAGO. Jan. 27. (A. P.)—Wheat, no sales. New corn, No. 3 mixed, ^2(!l23»Jc: No. 3 yellow, 23H®24%c; No. 4 white, 22V4c; old corn, No. 2 white. 25%c; oats. No. 2 white, 16% @t7c; No. 3 white, 16%c; rye, no sales; barley, 24®36c. GOVERNMENT BONDS NEW YORK, Jan. 27. (A. P.)—Liberty bonds closed today: 8%s, 32-47, 103.17. First 4V4s, 32-47, 102.27. Fourth 4VJ8, 33-38, 103.18. Treasury 4Us, 47-52, 110.28. Treasury 4s, 44-J54. 106.27. Treasury 3%s, 48-58, 105.6, Treasury 3%s, 40-43, June, 102.20. Treasury 3Hs, 43-47, 102.14. Treasury 8%s, 41-43. March, 102.19. Treasury SVfes, 46-41), 99.31. Treasury 3s, 51-55, 98,23. SAN FRANCISCO LIVESTOCK SOUTH SAN FRANCISCO, Jan. 27 (A. P.)—Hogs—Receipts 300; good 195203-pound Nebraska butchers $3.70. Cattle—Receipts 100; moderately active, killing classes about steady, low grade cows steady; 971-pound holdover Utah steers $4.60; low outtor to medium "dairy" type cows $1.00@2.50 Calves, receipts none. Sheep—Receipts none. IRREGULAR TREND TO SI. Prices Weaken Moderately, but Later Display Strength (Atioctated Press Leased Wtre) SAN FRANCISCO, Jan. 27.—Stocks were quiet in the securities markets lore today. Prices weakened moderately in 'the first hour, but later strengthened to give the list an Irregular appearance. Gains on the stock exchange included Southern Pacific, which turned an early loss of % Into a gain of that amount; Pacific Lighting up U, Pacific Gas preferred 6Hs up H and Crown Zcllcrbach B up %. Losses Included United Aircraft down %, Standard Oil off H, Union Oil down %, Pacific Gas common off Pacific Lighting U and Los Angeles Gas 6s down Vjj. Transamorlca went to 4%, the lowest this month, but returned to the opening price of 5. On tho curb exchange members marked up Pineapple Holding 10 cents to a new high for this stock at 2Vi. California Oregon Power 6s gained 1, Marino Bancorporatlon Vt, and Pacific Mutual Life %. American Telephone lost ',» and Southern California Edison %. *-•-* BAR SILVER NEW YORK, Jan. 27. (A. P.)—Bat stiver Vtc lower at 25%c. (Continued From Page Eleven) Spallnger, Lois May Tlllotson, Mlnnl Urrea, Amanda Wlebe, Beverly J Williams, and Anna Ruth Mooney. Lincoln The Lincoln School's 28. graduates are as follows: . Barbara Baca. Ruth Bell, Addle Brooks, Ruby Carmelo Ana Fernandez, Mary Greenwood Consueto Lopez, Soledad Martinez Angellne Padllla, Esther Rcndon Catherine Schweitzer, Nadlo Soils Mae Tomlln, Cleveland Cotton, Clifton Hook, Sherman Hook, Delberi Jackson, Adolf Lostaunau, Vernon Miller, John Miramontes, Ralph Ple- ruccl, Louis Plppl, Donald Rivera Reynaldo Rodriguez, Floyd Spencer, Joe Urrea, Teddy Urrea and Elber Young. Emerson Emerson School graduates totaling 62 are: Alice Beauchnmp, Eleanor F Cark, Mary J. Cremer, A. Marie Goodrich, Paulino A. Hall, Pearl A Hazlett, Betty Mae Johnson, Thelmu Lyons, Jean Preston, Helen Anne Richmond, Dorothy B. Smith, Lois Sprague, .Narcissus Young, Bessie Barbara, Arabell Brown, Maybclle Janet Brown, Bertha Catherine Dugan, Myrtle May Green, Dora Leong Bertha Ng, Myrtle Ruth Thatcher, Edna Jung and Sophie Candelarla; Richard Adams, George H. Brooks, Richard Coon, Clayton P. Edwards, Earl A. Khn, Herman Keys, Joseph MoBconl, Vemon H. Newman, Kenneth Nielsen, Rea M. Pyle, Marcus M. Rudnlck, Theodore E. Uhler, Ralph Apodaca, Verner Carlson, Tony Del- flno, Wlllard Piles, Lawrence Gause, Edgar Qlllett, Lee Lyons, Le'muel Martin, Sandy McGregor, Everett R. Munson, Herbert Ng, Bud ' Nlckols, Pete Ollbarex, Jarnes Patlie, Joe H. Rlvas, Jess Stoner and Eldon Whalen. •> I BRIGHT SPOTS IN BUSINESS I (United Press Leased Wire) NEW YORK.— New York City board f education placed an order with tho Vopdstock Typewriter Company of Chicago for 1687 typewriters, said to e one of the largest Individual orders ivor to be placed In the Industry. PHILADELPHIA.— Net Income of he Sun Oil Company In 1932 showed » gain of 35 per cent over 1931, not or last year, being reported at $4,198,46, against $3,107,147 In 1931. PHILADELPHIA. — The research mrcau of tho Philadelphia Chamber if Commerce reported 26 new or expanding Jobbers, manufacturers or vholesalers in the city during the svcek onded January 25. S. F. Stocks Press Leased \V\rt) SAN FRANCISCO, Jan. 27.— Stock— Bid Asked Alaska Juneau 12 12 Atlas Impl. "A" 2 % 3 California-. Packing 9 "A 9 Crown Zel. Preff. "B" 8$i 10 Fireman's Fund Ins 42 42 L. A. G. & E. pfd 97 98 North American 4U 5 P. G. & 1C. com 29% 30 P. G. & E. BM.% 1st pfd... 22% 23 Pacific Light, com 36% 37 Pac. Pub. Ser. (new) com. "Si Parafflne com 9Td 10 Richfield Oil com U 1% 4 S. J. L. & Pw. 7% pr. pf.. 95 100 Southern Pacific 18U 18 S. P. G. O. "B" 3% C Standard Oil of Callforla.. 24<A 24 Tidewater com 3 J Tidewater pfd 42 43 Transamerlcn 4T« E Western Pipe com 7% 1 Cotton Futures (Associated Press Leased Wire) NEW YORK. Jan. 27.—Trading In cotton was a little more active today with rather more southern selling In evidence, but offerings were absorbed by continued trade buying or cover- Ing on moderate declines with tho undertone fairly steady. March contracts after easing to 6.0' rallied to 6.11 at mldafternoon when active months were about three points net higher to three points lower. The market was steadier lato in the day on covering antf In sympathy with the upturn In stocks, futures closing steady, unchanged to 5 higher. March 6.13; May, 6.26@6.27: July, 6.38; October, 6.69; December, 0,72, nominal; January, 0.76. Spot quiet; middling 6.25. NEW ORLEANS COTTON NEW ORLEANS. Jan. 27. U. P.)— Spot cotton closed steady. 4 points up. Sales, 3064. Middling, 6.lie. COTTONSEED OIL DALLAS, Jan. 27. (U. P.Q—Crude cottonseed oil, 2%c. Citrus Market (Associated Press Leased Wire) LOS ANG15LES. Jan. 27.—Reports from eastern and middle western citrus auction centers today gave the following price range per box: Oranges Graded above Choice Choice $2.liO<S>:<.45 $2.15(8)2.60 2.70W3.10 2.35 2.36@3.00 2.60 2.66 2,65 2.05@>2.i!b 2.66f(i3.76 LEVELS BLOW SACRAMENTO, Jon. 27.—Senator J. SI. Ininan of Sacramento Introduced n bill In the Legislature today to -abolish the Snn Francisco Pilot Commission of which James Rolph, III, governor's son, Is a member. Senator Inman Introduced four pro. posed constitutional amendments designed to relieve home owners and taxpayers. One of the amendments would put bank and public utility op- eru.tlve properties back on city und county assessment rolls. Inman said this would add $1,300,000,000 to the tux base and reduce local tux averages 80 cents per $100. The other,amendment would put mortgages and other intangibles on...the same basis. A resolution calling for Investigation of crime conditions In Los Angeles was Introduced In the Assembly by Clare Wbolwlne of. Los Angeles, He proposed tho work be done at the city's expense. Assemblyman James S. O'Connor of North Hollywood Introduced a bill providing bunk deposits be insured. New York Boston .... Chicago ... Philadelphia Plttsburg . Cleveland St. Louts 3,15 2,60 Baltimore 2.70 Cincinnati 3.15 Detroit ...' 2.75@2.80 ... „ . Lemons Graded above Choice Choice New York $2.55W4.55 $2.35®3.90 Boston 4.20W4.75 Chicago 4.00<g>4.20 3.15 Philadelphia 3.76 3.15 St. Louis 3.30lg)4.40 2.00@3.2& Baltimore 3,55 2.65 Cincinnati 3.65 2.60 Detroit 4,00 3.45 New Orleans ... 3.35 3.00 L. A. BUTTER, EGOS, POULTRY Butter Prime, !!0c; prime firsts, 19c; standards, 18c; firsts, 17e., Eggs Large—Clean extras, 18c; light dirty extras, 17c; clean standards, I7c; light dirty standards, 17c: checks, 17c. Medium—Clean extras, 16o; light dirty extras, 16; clean standards, lOc light dirty standards, IGc; checks, 16c Small—Clean, 14c; light dirty, 14c. Poultry and Rabbits Hens, Leghorns, UVi to 3>/ t Ibfl., 14c. Hens, Leghorns, 3$ to 4 Ibs., 16c. Hens, Leghorns, 4 IDS. and up, 15c. Hens, colored, 3'A to 4 Ibs., IBc. Hens, colored, 4 Ihn. and up, I7c. Broilers, l and up to H4 Ibs., 13c. Broilers, m to 2Vi Ibs., 15c. Fryers, LegTiornii, 2Vi to 3 lbn. t I4c. Fryers, colored, 2'/i to 3Vi UJH., 17c. Roasters, soft bon?, 8% Ins up, 17c. Stags, 13c; old roontnrM, 8c. Ducklings, Pfikln, 4 Ibs, and up, lie Other than Pokln. 4 ll>8. up, lOc. Old ducks, lOc. ueeno, 12c, Young torn turkeys, 13 H>H. up, 13c. Young toms,'dressed, 12 Ibs. up, 18o lien turkeys, a Ibn. and up, ISo. Hen turkeys, dressed, 8 Ibs. up, 16c. Old torn turkeys, lllc; dressed, 15c. Squabs, under 11 Ibu. per dozen, 16c Squabs, 11 IbH. dozen and up, 20c. Capons, live, under 7 Ibs., 18c. Capons, live, 7 Ibs. and up, 20i\ Capons, dressed, under 6 Ibs., ji&c, Capons, drensed, C Ibs. and up, 23c. Rabbits, No. 1 white, 3 to 4 II)t.. 9c. • Rabbits, No. 2 white, 3 to 4 Ibs., Go. No. 1, mixed colors, 3 to 4 Ib.s., DC. Rabbits, No. 1, old, 5c. FOREIGN EXCHANGE NEW YORK, Jan. 27. (A. 1'.)—For elgn exchange, Irregular, Urwii. Urltuli In dollars, uthcm In cents; Great Britain — Demand, 3.38% cublex. 3.38%; 00 days bills. U.37%. France — demand, 3.80%; cables 3.00 7-16. Italy—Demand, 5.11; cables, 5.11%. Demands — Belgium, 13.90',i; Qor many. 23.80; Holland. 40.18V.; Toklo 20.93 i,-i; Shanghai, 28.75; Montreal 88.124; Mexico City (silver peso) 30.26, • COFFEE MARKET NKW YORK, Jan. 27. (U. P.)—Oof fco—Rio 7s on spot, 8'/i; -Santos 4u * OF PREDECE! (United Press Leased Wire) SAN FRANCISCO, Jan. 27.—A. P. iannlnl, chairman of tho board of he Bank of America, today blamed he "predecessor management" for >eavy Indebtedness of tho Institution. Commenting upon the report of Reconstruction Finance Corporation figures, he said tho maximum amount ever owed the R. F. C. by tho bank and Its affiliates was $62,799,862. Ho said that at tho 'tlmo the Call- lornla management was returned to control last February in, $in,000,000 was owed tho R. F. C. and $50,000,000 Lho National Credit Corporation, National Credit Association, and New York bunks. All those applications were Incurred by the predecessor management, ho stated. "The difference between tho $15,)00,000 owed tho R. F. C. when our management took control and the $62,799,882 which was tho maximum ever owed them, was duo to the transfer to the R. P. C. of tho previous management's borrowings (less some repayments) from national credit agon cles and Now York banks." TREASURY REPORT WASHINGTON, Jan. 27. (A. P.)— Treasury receipts for January 25 were $84,695,845.52. Expenditures, $88,386,068.60. Balance, $305,488,137.56. Customs duties for 25 days of January were $14,958,208.81. STOCKS K N.Y. RECOVJPSSES Declines of 1 to 2 Points Reduced or Canceled in Last Hour LATE BULLETIN NEW YORK, Jan. 27. (A. P.) The stock market rebounded rather smartly today, after a pronounced sell-off ' In the earlier hours. Losses of 1 to 2 points were canceled or reduced, and several Issues, particularly rails, puthed fractions to about 2 points above the previous close. The final tone was firm. The market was a little more active, transfers approximating 900,000 shares. ' (Associated Press Leased Wire) NEW YORK, Jan. 27.— A quiet sinking Bpcll developed In the stock market today. Rails held up fairly well, but appointment of receivers for Paramount, while not unanticipated, evidently had a bad effect upon sentiment. The list recovered fractionally here and there after midday, however. Selling was In relatively light volume, however, and some of the offerings were believed to bo for bear account. Borden and American Tobacco B were sold In some volume, each losing a couple of points. IT. S. Industrial Alcohol and Liggett & Myers B .lost about as much, under fair-sized offerings and Paramount broke below 1 point. American Telephone nnd Case got down a couple of points nnd miscellaneous Issues off a point or inoro included Allied Chemical, American Can, United Rlrcrafl, Loew's, Canadian Pacific, U. S. Steel preferred and Union Pacific. Bethlehem Steel reacted a major fraction. Coppers and oils eased fractionally. The tobacco and dairy Issues were again sold on the basis of reduced prices for their products. Brokers felt, however, that there was 8,01x10 bear activity In those Issues. No definite reasons were offered for the weakness of such Issues ns U. S. Industrial Alcohol and American Telephone, other than expectations of none too favorable earnings reports. L. A. Stocks (United 1'rens Leased LOS ANGELES, Jan. 27.- Industrials Stock- Byron Jackson Claude Neon Electric Douglas Aircraft Minsco Derrick com C! lobe a. & At. com Goodyear T. & U. pfd Taylor Milling Van do Kamp. .• Western Pipe & Steel Banks Citizens Nat. JUnnk Sec. First Nal. Bank Miscellaneous L. A. Investment Co •«•. 1'aclflc Finance Co Pacific Mutual Life Tranmimerlca Western Air Express Public Utilities L. A. G. & El. pfd P. O. & E. com Pacific Lighting comm.... St. Joa. L. & P. 6% pfd So. Calif. Edison com So. Calif. Edison 7% pfd... So. Calif. Edison 8% pfd... So. Calif. Edison 5V4% pfd. So. Calif. Otis 6% pfd Southern Pacific Oils BarnsdHll Holsa Chlcu Pacific Western Republic Pete Jlichflcld Oil Ulchfielcl Oil pfd Standard Oil of Calif Union Oil of Calif Wire) Bid 1 6>i 12 .1 0 30 Asked 2 7 13 4 10 31 .17 32% 27% 4% 14% 97 i!«H 30% so 26 Wi 24 W, •U \i 23% 3Vi 1% 3Vi 1% 43 ',i 6V4 2D 5 16 98 29% 37% 26 Vi 27 24% s 10% 10% LOS ANQELES PRODUCE MARKET LOS ANGELES, Jan. 27. (A. I 1 .)— BeaiiK, Mexican, pound, Kentucky, 10 ®llc; poorer, 7(g'8o; bushel hampers Bountiful, $2.35<fr2.60; Klorlda, pound Lima, few 18®20c; San Diego county Lima, 10ig)12c. BruNsels sprouts, pound, Davenport Pencttdero, G®7c; San Luis Oblspo 3©5c. Cabbage, local, crates, Cannonball 40I&IEOC-; WlnnIn0Htadt, f New York Close \ , . Cauliflower, local field crates, Pear type Snowball, 30©40c. Celery, half-crates, Venice, G5jj.7lie Orange county, 75<cp90c; poorer, 40<ij> fiOc; Chula Vista, !)0efi)$1.15; Long Bench, DOc@|l.]C; 1-Iuntlnnton Bench 90c®$l; Loinlta, 85c(fj$l; pciori-r, 1iu<& 7Gc; Compton, U5<&75c; Hawthorne 76<&'BOc. Chlfory, local crates, 35'«.40c. Lettuce, crates, Iceberg, dry puck Imperial valley 4s, fl.154i1.2G; us, Jlii 1.15; San Onogre in,; local loose pack 3s, ifjfpMOc. Pcua, pound, San Diego county, 8<i. lOc; poorer, 4if('Uc; Admiral, GfrSc Coachella valley, 8®9c; poorer, GiJJU'-ic Caplstrano, 8ij}!)c; Imperial valley poor quality, 3©4c; ordinary, r>@7c Tla Juitna, lOigJJtc; Ventura cou Mty 8@9cj poorer, 5<&'7c; San Pedro, 7W lie; Orange county, ordinary, 6®lie Simla Barbara, few fancy, ll!c. Rhubarb, Washington, 15-poun< boxes Strawberry, hothouse, extn funoy, $1.80; fancy, $1.70; cholcu, $1.50 local, Cherry, apple boxen, 70W80c lugs, 25<}p35c; 20-|K>und boxen, 5r><fjT>Oc apple boxes Winter Crimson, uO^tiOc. itomulne, local mitfe.", 40(fi'50«'. Squash, Imperial valley, Whlli Summer, $1.75f<j>2; San Diego county. IUKH, Italian, ll.25i&1.I>0: Wlillo Summer, fulr quality, $1.2. r >ij( l.&O; local, lugs, Cream, 4017:100; per ton, delivered I, on Angelon, local, Banana, $7(iiR. Tomatoes, Mexican, pound, stripped firsts, STfllc; Circles, few 71iXc. Potatoes, street .salt's, San Diego county, British Qunonp. pound, new crop, few 6W5Vic; closing Thuraliiy, opening Friday, brokern' «alun, Idaho sacked, per hundredweight, Itussetti, U. S. Xo. 1, few 92i,ir; U. S. No. 2, few 80c-; Stockton Burlmnks, too few- sales reported to quote. CHICAGO LIVESTOCK CHICAGO, Jan. 27. (A. P.)— Hogs— Receipts 19,000; fully 10-15c higher; good to choice 170-210 pounds $3.50<j.i> 3.00; top $3.05; HOWH $2.70(i(2.8D. C'attle— UecoiptH 1000; light heifers and mixed yearlings about steady on better gradu offerings, selling at $4. GO ®G.OO; medium to good steers, mostly light kinds, $5.00 down, steady; veal- ern steady; choice up to $7.00; light kinds $4.50r<jj>6.00. Sheep— Receipts 13,000; not established; few aalex steady; desirable native lambs $u.25<il!J.75; native throw- outs $4.00@4.50; fut ewes $2.00@2,7G. METALS MARKET NKW YORK, Jan. 27. (A. P.)— Copper, dull; electrolytic spot, 5c; future, 5Vnci Tin steady; spot and nearby, J23; future. $23.10. Iron quiet, unchanged. Lead dull; spot New York, $3; Knst St. Ix>uls, ?2.S7. Zinc stcaOy; Kast St. Louis spot and future, $2. Ho. Antimony, Jfi. (United Press Leased Wire) NEW YOKK, Jan. 27— Railroads Stock— Gloss Atchlson, Topcka it S. F 44% Baltimore & Ohio 10H Chesapeake & Ohio 29% ICrle Railroad 6% Illinois Central 14% Missouri Pacific 3 New York Central 19 7 g Northern Pacific t... 16 Pennsylvania ISvi Southern Pacific 18% Union Pacific 76H Great Northern pfd 10' Industrials Amorlrnn Can 61V4 American Tel. & Tel 106H Borden 20?i Caterpillar Tractor 7% Cities Service '. 2% Columbia Gas ,...'. 18% Consolidated Gas '..... 68*4 Corn Products 66 ( Ourtlss-Wrlght '. 2% Famous Pluyern 1 Fox Films "A" 1% General Electric 16% General Foods 24% Gold Dust 14S 4 Goodyear Tiro & Rubber 16' International Harvester 22% International Tel. & Tel 7% Montgomery Ward 14»i North American 28% Pacific Gas & Electric 30 Radio- Corporation ;... 4% Safeway Stores 40% Sears-Roebuck 20 U. S. Rubber 4% Union Carbide & Carbon 27% United Aircraft 26% Warner Brothers 1% Western Union 26% Westlnghouse Electric 29% Woolworth 33% J. C. Penney 26?i Transamerlca First National- Stores Johns-Manvlllo Metals American Smelting Anaconda Copper Bethlehem Steel 15' International Nickel 7% Kennecott Copper 9% U. S. Steel "9'u Vanadium Steel 12' Republic Steel 6'i Tobacco and Sugar American Sugar 27% American Tobacco "A" 68% American {Tobacco "B" 60% American Burmitni 8' Ureut Western Sugar 7% R. J. Reynolds "B" 32>-s United Cigars if Oils Mexican Seaboard 17% Phillips Petroleum 6% Kluhflpld «Z Shell Union Sinclair Standard Oil of California .Standard till of New Standard of New York.... Texas Company Tidewater Association Motors Auburn 47% Chrysler 13% General Motors 13% Hudson 4^1 I'ui-k.-irU Motors 2% Slmlcbaknr ' J!> Tlmken Roller UearliiB , Equipments American Jxicoinotivo Baldwin Locomotive . fieneriil Tank Stewart-Wurner 7% ' 30 3% 6% LOS ANGELES LIVESTOCK LOS ANCiKLES, Jan. 27. (A. P.)—. Hogs—KrtrHptN I7o. all direct; quot-' able top around $11.75. 1'uttln—Rfcolpts 500, holdovers S50; slow, steady to w>ak; good Texas yearling steers $4.90, three loads $4.05; Toxa-i. ;uu! Idaho steers $4.60; hi-lfer.s unsnld, common to medium cows $L'.75'n'3.25; cutter grades $1.25 (LMI.liu; bulls up to $3.35. Calves—Receipts 400; practically no .salpK; quotably steady. Sheep—Receipts 25, steady; few me- dlum liinilis $5.00. MONEY TO LOAN on Stocks, Bonds/ Mortgages No krok«rago...No commliilM, Low ralo of InteroiN Abiolwtolv Confidential, Coll, Writ*. Phono. THE ATKINt CWOIATION, Lo* Aiwoloo l1l»Flo»r»... HoU.tUs, - ninMv IMT

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