The Key West Citizen Newspaper, December 24, 1936, Page 1

Associated Press Day Wire Service. For 56 Years Devoted to the Best Interests of Key West Che Key West Citizen VOLUME LVII. No. 306. STOCK MARKET REPORTS RISE OF 15 BILLION REPORTED CLIMB REFLECTS INCREASING EARNINGS AND DIVIDENDS FOR MOST COM- PANIES By CLAUDE, A. JAGGER Associated Press, Financial Editor NEW YORK, .. Dec, ,.24.—The quoted yalue of shares listed in the New, York . Stock . Exchange} swelled $15,000,000,000 in 1936, continuing with only occasional interruptions the persistent ascent} to higher prices that began in; March, 1935, The average price of all shares listed in this principal market re-j covered to the highest point since early 1931, while industrials alone} reached 1930 levels. Analysts remarked that the re- covery in share prices added a} new and strange chapter to finan-{ cial history in that it was accom- p'ished with negligible increase int the use of credit. j Margin Requirements Stiffer Twice during the year, the Federal Reserve Board stiffened! margin requirements, and on August 15 pushed up the reserve requirements of member banks, eliminating more than $1,000,000,- 000 of idle bank funds which might have been used as a basis of, credit expansion. Nevertheless, prices continued] to rise as cash buying poured into; the market. On December 1, total; borrowings by members of the ex- change, at $984,004,702, were up! only $138,000,000 from a year earlier. During the same period,} the total quoted value of listed: shares swelled to $60,019,557,197,} from $44,950,590,351. The Stock Exchange said in its December bulletin that the rise! in the market in the last two years had approximately doubled the quoted value of shares, “a more rapid advance than any that took place during the bull market that reached its peak in 1929.” Foreign Funds A Factor A heavy influx of foreign funds into the New York money and in- vestment markets during the year, reflecting fears of currency de- valuation and armed conflict abroad, was widely regarded as a contrbiuting factor to the rise at | daughter of Charles Park; STUDENT GROUP {AUTO DRIVER ARRIVES IN CITY COME HOME TO SPEND HOLI.- DAY SEASON WITH RELA- TIVES AND FRIENDS Another group of students from}! educational _ institutions arrived this week to spend the holidays of the Yuletide season with relatives and friends and join in the many festivities which have been plan- ;ned for their homecoming. Among them are: Miss Cynthia Pearlman, daughter of Mr. and Mrs. Joe Pear:man; Misses Kath- erine and Frances Lowe, daugh- ters of Mrs. Lucy Lowe; Miss Cleo Kemp, daughter of Dr, and Mrs, | W. P. Kemp; Miss Alice Park, Mise Jennie Mae Johnson, daughter of | Mr. and Mrs. E. P. Johnson. UBA BRINGS IN 148 PASSENGERS; VESSEL ALSO BROUGHT IN 38 TONS OF FREIGHT FOR KEY WEST Steamship Cuba. of the P. and Q. S. S. company, arrived this morning from Tampa with six first class and six second class passengers for Key West; 131 first and five second class passen- gers for Havana. Key West arrivals: Dorothy West, A. D. West, Mrs. West, A. R. Miller, Mrs .A. R. Miller, Mrs. A. Cates, Francis Blacknar, Flor- ence Blacknar, Vera Thurston, Etizabeth Camme, Rosa Alvarez, Jack Thurston. The vessel also brought 38 tons of freight and two sacks of mail for Key West; two sacks of mail and 90 tons of freight for Ha- vana, SEAMEN BROUGHT HERE ON PLANE ‘fare, is only conjecture, but the | LOSES CONTROL ON DUVAL ST. MRS. JACK BAKER BECAME CONFUSED ON REALIZING SHE WAS DRIVING CAR AGAINST TRAFFIC | While criving south.on Duval street last night Mrs. Jack Bak- er became confused when, she realized she was thoughtlessly driving against the traffie on a one-way street, and lost control} of her car, a practically brand | new Chrysler Royal, Just what Mrs. Baker’s mental condition was, when site became! cognizant of the fact that she was) breaking the rutes of the thorough- results of her driving were disas- | trous. Her car first struck one which was parked in front of the Florida Motor Lines station. This car is said to be the property of D. T. Nisoff, of the Casa Marina Hotel. In the Elks Club a group was watching Sam Harris and Nestor Recio playing a game of chess when they heard a crash and start- ed for the street, Among the group was Sheriff K. O. Tompson, who, upon reach- img the sidewalk, found that -his car had been damaged by the im- pact of another, and started in pursuit. | Arriving at the Hotel Colonial jit was learned that Mrs, Baker’s car had struck two others, one the property of Berlin Sawyer, Jr., and the other an automobile be- longing to Delsee] Albury. Just as the Chrysler was turn- {ing from Duval onto Fleming street Chief Deputy Sheriff Ber- nard Waite and Deputy Leroy Torres jumped on the running board of the erratically driven ear and found Mrs. Baker to be ill. In the meantime Mrs, Baker’s relatives arrived on the scene and she was removed from the car and taken home for immediate med- ;ical treatment. It was learned this morning at the sheriff’s office that a bond of $500 had been deposited until the accurate amount of damage i } } times, ‘This influx was so large as} PLACED IN UNITED STATES: done other cars is learned and the laction of those owning the injured KEY WEST, FLORIDA, THURSDAY, DECEMBER 24, 1936. PREPARE FEAST {CHILD INJURED FOR PRISONERS TO HAVE EXCELLENT XMAS DINNER BROKEN LEG AND MANY OTHER INJURIES All is prepared for the sisal! Andres Martinez, child of seven Christmas feast given by the yeats, yesterday ran in front of sheriff for those unfortunates;a light truck driven by Manolo who are inmates of the county! Garcia and was knocked down and bastile but who are never forgot-j ten by the one holding the! shrievalty, Mr. Garcia at once leaped to In former years it has been the/ the ground, took the child in custom to prepare a spread for; charge, end drove to the Marine the prisoners and early in the hospital. There it was said today week Sheriff Thompson author-'that the little fellow suffered a ized Jailer Leon Roberts to make! broken leg, muitiple alcerations all necessary arrangements. {and bruises. Mr. Roberts said today that he’ Th's hospita‘ization is being had succeeded in his efforts andjgiven pursuant to the request of tomorrow will serve the 17 prison-; Dr. W. P. Rice of the state board ers under his charge with roast;of health, in charge of the local pork, sauce and dressing, rice and| clinic. and Simonton streets. BY AUTO CAR| {INMATES OF COUNTY JAJL;ANDRES MARTINEZ suFFERS| injured at the corner of Amelia} coset) + range of only 16° F, ‘VARIOUS VIEWS |Hialmar Tackman Rum Over EXCHANGED ON Killed At 4 PEME PARES) ACHIEVEMENTS BY SECRE- NO PAPER TOMORROW TARY HULL DURING CON-! FERENCE ARE GENERALLY DISCUSSED i By PRESTON CROVER (Ry Associated Press! j WASHINGTON, Dec. 24 —The | suggestion from one critical but ‘wnquotable source that Secretary ; Hull had achieved only enough at ; the Inter-American conference to | | : ' “save his face,” is quite at wari jance with the views of many of- ficial and semi-official estimates | that real peace progress has been | made, ded hh ddd Ae ee LARGE NUMBER —-—-—— ATTENDROTARY —— — —— soc Se ececere -oee ene potatoés, apple pie, mince pie, and pumpkin pie, oranges, apples and|unavoidable. Mr. Garcia has done; by the United States im candy. NO LENIENCY. FOR OFFNDER RELIGION DOES NOT HELP| WILDLIFE KILLER AR- RAIGNED IN COURT (By Associated Press) MASON, Tex., Dec, 24.—A/} creed kindered with the law and the court brought no leniency | here for an offender against, state game laws. A special gatne warden brought; before a local justice a man he! found possessing meat from al doe and a turkey hen. The man! said the doe was killed acci- dentally by his automobile, and the turkey hen got in the line of. fire when he shot a gobbler. Be- ing a thrifty ran, h2 said, he took both to his cam for food. “I’m a Methodist,” the offender} pleaded. “So’m I,” the warden and jus- tice replied in chopts, The accident was declared to be ! Primary d malty 6 em ees = Mie eeee = TODA all possible to asssit in bringing ing “let's-all-stick-together” pacts happiness to the injured chi'd, ity is that the Latin American repub- was said, and.is. continuing his | lies fear the game may quickly ENTIRTAINMENT HELD SE efforts to make ‘his Christmas as change into “follow the leader.” where @ coer cecilia be meeeens me — = a oe merry. as possible. PAYS HEAVY IN FEDERAL TAXES HAWAII TURNS IN GREATER AMOUNT THAN SIX- TEEN STATES (By Associated Press} ONOLULJU, T. H., Dee. 24.— Hawaii paid more in federal tax collection than 16 states, aceord- ing to official figures for the year ended June 30. Its payments to- taled $7,872,485 to the federal treasury. The territory led the following states: Oregon, Alabama, South Cerolina, Montana, Arkansas, Utah, Vermont, Mississippi, Ne- vada, Arizona, Idaho, Wyoming, South Dakota, North Dakota and New Mexico. i | When “big brother” sent ma- rines into Nicaragua, grabbed the core out of Colombia for ; canal, staffed Haiti with s and boxed Mexican ears at Vera Cruz, the Latin lads “down un ; der” had forebodings about such | close kinship. | Pulling the marines out of | Nicaragua helped. Then Hull. | the Tennessee country boy who ;made good, went to Montevideo 5 jin 1933 to assure the Latin Publics that the United State: was } out of the government-by-marimes business. He helped them te be lieve it by signing a non-interven- | tion pact. The United States sen- {ate helped further by ratifying ithe pact. See Big Gain There is plenty of official opin- ‘ion that Montevideo was 2 turning more important in its accomplish ments even than the current meet- ing at Buenos Aires. The prin- cipal accomplishment there was the beginning of a change of = j t-tude. Instead of a joint agreement te Point in Inter-American relations Pe™°* ag De aut Set shies oo se met. s+ em ome Osde: P The ase versed, ch: ctterummer amr the emtertamers se=g Ge teriees of ee and SS oung wen Street spesi The pragma seat Ge wee ane sang be sue vitor oe ‘Cir: ma = Cal, “C Howard Jones anc Betee Tovar ‘SUBSTITUTE WILL REPLACE QUININE Fine anc costs amounted to $97. keep guns and ammunitions away ~* from those Latin American repub- =. . 2 lies which set out to f each, Swectmg. Lee Perce and De other; the United States delege- S Jone= tion had to ‘be satisfied at Buenos HARRIS WINNER IN CHESS GAME DEFEATS RECIO; THOMPSON to prompt ‘Washington to consider} means ‘of tortrolling it, on the! grounds that it'‘was “hot” money, that is; subject to quick and, per- haps, unsettling withdrawal. | Despite the scart increase in} the use of credit in the stock mar- ket, the potentialities of cheap credit and rising prices prompted several leaders publicly to warn x a against dangers of excessive spec- | '° Harry Hopkins arrived from ulation, including Chairman Lan-, Miami. Rete Atlanta dis of the Securities Exchange| On¢ of the men is Daniel Kearns. | Boston Commission, President Gay of the | member of the crew of the Yacht} Ruffalo Stock Exchange, and President! Caroline, injured; the other is Joe | Chicago Smith of the American Bankers Frank, from the Steamship Charles ‘Denver Association, G. Black, who is ill. {Detroit SEC Investigators Active Pie inant after sae: pene ne Huron ~ , rive ie men were taken to ie i The SEC steadily developed its: Marine hospital for treatment. parade = program of securities’ trading! H control. Investigators actively fol- {KEY WEST .. lowed trading, and charges of \Los Angeles Aires ‘with farther evidence that/©®"steas greeetag out seme SOVIET SCIENTISTS CLAIM/}the neighborly spirit was crowing The principal concrete acqnpy re 1s lishment “was an agreement SUPERIOR mong the faputlics to “consul-” when war threatens within the TO ISSUE CHALLENGE | Americas, or when outside war (Ry Aasociated Press) theatens the welfare of an Amer- TO LOSER } ienti ican nation. MOSCOW, Dec. 24.—Scientists . {of the Soviet Union report that cae pia par hat — rodu vikhin, which in wang ~s Sheritt K. 0. Thompson said’ § eal Dropertice “replaces and|that a big step has been taken Pascone y on Propane 285 that while watching the games of: is eyen superior to quinine,” will} When nations have = pre-arranged ~ a ines ;checs last night played at the jump to 45 tons next year. agreement to talk it over when}s ¢ a a a wes Elks Club by Sam Harris and Net| Soviet scientists, who found the! WaT threatens. Without such a/vited for eee the oxic | tor Recio, he became imbued!compound, says the amount of pro-arrapand agreement, the ic ae —e or whruncy 7 opens with the idea of challenging Mr.|akrikhin required for treatment |¢t of calling an emergency Inter. | ©* patrict, Jose Marti Recio and when he defeats “him! of malarial patients is 6-7 times|4mericam conference would lend} will issue one to Mr. Harris. less than that of quinine, Hence,|#¢¢ed emphasis to any current war! The sheriff believes that al-|the 45 tons should equal 260 tons|talk. though he is an amateur and not/of quinine. Joint Responsibility MARINE HOSPITAL FOR TREATMENT | automobiles has been décided | upon. $f of Betary tnteresce al, and MM Purch. president af the Rotary i Funa Sepastian Caarera conrepec the club from the Boe. Secure bs greeting, “Deses = ated Scie Two seamen were brought ‘to iKey West yesterday afternoon in jthe same Coast Guard plane in {which Corrington Gill, assistant Lowest Highest last night last 24 hours a 64 50, 32 40 46 60 40 50 60 54 75 70 Station— Abilene : 4 -—=z (By Tre Wa manipulation were preferred against a few members of the ex- change, including two of the larg- er houses, The commission tentatively pro- posed segregation of dealers and brokers and made detailed studies of the amount of trading done by members for their own account. Exchange circles viewed segrega- tion as a revolutionary proposal and prices of memberships de- clined. pa a ce nae teen Christmas Greetings 0 Albury’s Service Station ed TO OUR FAN ' —GALA OPENING— HABANA-MADRID- Tonight, Christmas. Eve —Musit By— j —— TOMMY Joy’s —— GLOOM CHASERS 2 FLOORSHOWS 2 Admission $1.10 per couple 74 46 68 36 Miami Minneapolis... , New Orleans New York Pensacola . Pittsburgh St. Louis ....,. (San Francisco 42. 2 =. HOLIDAY NOTICE Christmas Day, Friday, Decem-jlic relations of the in the same class with Mr. Harris,} The first lot of akrikhin was who defeated his opponent in! very smal! with the plant expected three games last night, he will be}to produce six tons by the end of fable after his defeat of Mr. Rezio| 1936, to be warranted in issuing the challenge to Mir. Harris. NYA OFFICIAL VISITING HERE Mr, and Mrs, Sam G. Thomp- R . ‘Ison and Henry Roberts, Jr., are Cabell Phillips, director of pub-|due to arrive in Key West this Nationaljafternoon over the highway from TAMPA GROUP ber 25, a legal holiday in the; Youth Administration, is enjoying|Tampa. State of Florida, this bank will not be open for business on that}here Tyesday and expects to re-|L. Roberts, also of Tampa, who| sibility of day. THE FIRST NATIONAL BANK, his visit in Key West. He came| They will join Mr. and Mrs, H. Also to be taken inte consider- ation was the fact that 14 of Latin Amitrican nations, cluding a! the bigger ones except Brazil. aré league members. Un-j der league machinery the Latin) |republics May gang up with sanc- to treat aggressor and defender! alike. i friendly ecrities of Hull's efforts is} i republics