davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-09-18
BIGGER DEMAND
FOR COT TON

Production and consumption of
sundry cottons, i. e.. all growths
except American, Egyptian and
Indian, reached new high
record last season. according to
the current report of the New
York Cotton Exchange Service,
Production was at the record
breaking level of about $3.50 900
equivalent 478-pound bales, while
consumption practically equalled
this output in aggregating $751;
900 bales.
In the previous season, 1928-29,
production totaled 4.725,000 and
consumption 4,638.000 bales. Ten
years ago. in 1920-21, production
was only 100000 and consump-
ton 2,008.000 bales. It will be
seen that the world has increased
it's output and its use of these So
called minor growths by about
$50 per cent, or approximately
8, 100000 bales, in the past decade.
The Washington times., 1930-09-18
PRICES
LOWER
BY w. s. COUSINS

NEW YORK, Sept. 10 d.N.SJ.
stock prices drifted lower in a
dull and quiet market today. Yes
terday's dullness was duplicated
in the first period, stock sales
dropping offsin volume to 10000
shares in the first half hour. and
trading was limited to a small
humber of the speculative favor.
ties.
!, American Rolling Mills new
decline to the years lowest price
at 471a,. down 2 points, paved the
way for heavy bearish selling Of
other industrials. Vanadium was
pushed down to 851a: United
States Steel lost point at 1914
and Radio was again under the
hammer. Losses of to 2l2
points in the second hour were
recorded in Westinghouse; Auburn
Auto, International Business Ma
chine, American Can and Case.
Weakness Of American Rolling
Mills was attributed to reports
that the company had earned
only SO cents a share in the first
half Of 1880. with the prospects
of a deficit in the last six
months.
The bears sowed the whole
market deep with selling orders
as the forenoon advanced. Fox
Film was again under pressure
and sold off 4 e at 48.
The Washington times., 1930-09-18
"a American Firms
Disclose Large Cuts
In Their inventories
By LESLIE GOULD

:Inventory-the bane of manu-
acturers and merchants in times
of failing business-is not the
bugaboo today it was in former
times.
The reason-American industry
has been on q hand-to-mouth buy
ing diet for nearly two years.
While shelves are not bare--as
some would like to have us be-
lieve-they are in most cases only
carrying the minimum amount OF
goods. A few concerns have shown
a. slight increase in inventory in
the last year, but for the most
part stocks Of finished or unfin-
ished goods have been greatly re,
duced.
Some industries have made bet
ter progress, in the last year than
others in reducing inventories
this is particularly true Of the
motor, radio and textile COM
panies. General Motors, for cx.
ample, slaShed its inventory in the
last year more than $57 900 600: :
Studebaker $4,000, 900: Packard
nearly $3,00O.O0O and REQ $1,000
00O..
While no figures are available
for Radio Corporation, officials
announced it had cleaned up prac'
tically all of it's surplus stocks.
Grigsby. .Grunow, Radios biggest
rival, has cut its stock nearly in
two. .>t
The following table compares
the inventory at dollar value OF
the following "a corporations on
June 80 this year with June 80.
1929, except as otherwise noted:
Motors and Parts
The Washington times., 1930-09-18
BANKERS SELL
RAIL BONDS

Kuhn Loeb & Co. today are
offering an issue of $23, ,735, 900
Pittsburgh, Cincinnati, Chicago
and st. Louis railroad general
mortgage Az per cent bonds,
series dated July, 1927, and due
July /. 1877, and an issue of
$7,1S2.00O Cleveland and Pitts
hurgh railroad general refunding
and mortgage bonds.
Both issues are being offered
at 1902 and are callable as a
whole but not in part at los
from 1887 to 1912.
The securities are guaranteed
as to principal and interest by
endorsement by the Pennsylvania
railroad to which all the rail
road properties of the respective
roads have been leased for 999
years.
Proceeds of the sale will be
used to reimburse the treasury of
the Pennsylvania railroad for ad-
vances made to the respective
companies for capital expendi-
lures,
The Washington times., 1930-09-18
United Aircraft

I hear those in the know on
United Aircraft have been buy
ing the stock steadily for the
past few weeks and have added
to their lines on the recent reac-
ton. There is also the report
that one Of the city'S biggest
banks has been a steady pur-
chaser. This may be for the
General Motors account. Motors
bought some aircraft last spring
and has been doing it again
recently, it Is said.
Merger OF the two Is out OF
the question, am told, for air
craft insiders won't listen to any
offer such as the rumored one
and half shares. OF General
Motors for one of aircraft.
It is quite likely. then, that
Motors may be resorting to the
open market to get at least a
minority interest. At any rate,
well-informed interests in the
Street are bulliSh on Aircraft ana
predict much higher prices in
any sort Of a market.
Union Carbide is another stock
worth picking up on any reaction.
I am told earnings have turned
the corner and that the second
half will be better than the first
The stock is a fine market actor
In addition, I understand there
is a strong group working in it.
The Washington times., 1930-09-18
BROKERS SPLIT
ON OUTLOOK

A continuation Of yesterdays
rally was forecast In brokerage
circles today. While no indica.
tions Of broad general advance
were seen 1t was generally ex-
pected that the market would
stay in a trading area with small
fluctuations in either direction.
The taking Of profits was stressed.
II the market can hold yester.
days gain, we will have the
double cushion Of a good sized
short interest, and a definite feel.
ing that the character Of buying
which has been absorbing stocks
on reactions is still willing to take
these stocks. If the market can
not hold these gains and fresh
selling develops, we will have to
conclude that the worthwhile
buying has temporarily stepped
out Of the picture. B BAAR,
COHEN & CO.
While it is impossible to say
confidently that this rally will de-
velop into a broad advance from
here, there Is now more technical
justification for expecting a trad.
ing range rather than immediate
serious break in the market.
While waiting for a definite r.
establishment Of the trad q
area we believe it is conservative
to take advantage of any rally to
reduce trading commitments
OTIS g. co.
The market offers trading op-
portunities in the leaders and
here and there investment oppor-
tunities. There are many stocks
seemingly offering little promise
for the recovery that can be
switched into others.-E. F. HUT
TON & CO.
Look for a continuation of the
recovery to extend through to-
days trading and get more vigor-
Gus as the advance progresses
HORNBLOWER & WEEKS.
Would stay close to shore in
the present market and place
stop-loss orders under purchases
just below yesterdays high levels.
EMANUEL & co.
The Washington times., 1930-09-18
BALTIMORE LIVE. STOCK

BALTIMORE, Sept 1..-Cattle-Re-
ceipts, 100 head; market steady. Steers
Good to choice, $s.75@9.75; medium
to good. $7@S.25; fair to medium. 50
OF; plain to fair $50G: common to
plain, $4.50@5. Bulls-Good to choice,
to medium, $5.25@5.75; plain to fair.
$4.7505.25: common to plain, $4.25 q
4.75. Cows-GOOd to choice, $3.50
5.75; medium to good. $4.75@5.25; fair
$2759S.75: cORmon to plain. 82.25Q
275. Heifers-Good to choice. $6.25@
1926: medium to good. $5.7506.25; fair
to medium. $5.25@5.75; plain to fair.
Fresh cows and springers, Ss00SO.
The Washington times., 1930-09-18
WHEAT OPENS WEAK

CHICAGO. Sept. IS .S.).-weak-
ness was evident in wheat in early
trading today with unresponsive cables
the chief factor. The market started
unchanged to Sc lower. and later was
off Y to %c. Support was poor and
offerings fairly heavy, The Liverpool
wheat market was unchanged to sd
higher.
Domestic and Canadian weather con.
ditionB were generally favorable. Ex-
port business continued slack. The
Winnipeg market also displayed q
heavy undertOne early.
Corn held steady with a moderate
trade. After the first hour values
were &c lower to &c higher. Oats
were unchanged to Nc lower. and rye
Il to &c OF.
The Washington times., 1930-09-18
Here and There

Reports from the floor told OF
smart buying in Steel yesterday.
It would not be surprising to see
the steel stocks lead the next
upswing. The Iron Age report
was the most bullish in months
Pressure on Paramount was
attributed to the report that the
company had offered stock to
employees at much lower levels
This doesn't detract from the
outlook for Paramount. It is
cheap on earnings.
There has been good buying in
American SuperpoWer, listed on
the curb. Superpower has big
holdings in some of the leading
utilities and should follow any
movement in the group.
Penick & Ford came through
the reaction well and appears to
be in a buying range. hear it
will be moved before long.
Glenn Mum points out the
interesting fact that stock markets
everywhere else but in this
country are below their June bot
toms.
Action of Allegheny indicates
accumulation. It is a good low
priced speculation but it may try
your patience.
The Washington times., 1930-09-18
LOCAL STOCKS

FURNISHED by W. B. Hlbbs & Coz
Washington Gas IS A, $1,000
1929. .
Potomac Electric 51a% ,pfd
100 1O8a, 100 108H2.
Lanston Monotype, 100115, 10
OILS, 10@115.
AFTER GALL
Potomac Electric IS 1852, $1,000
@109A.
Columbia Sand. and Gravel
pfd, 1902.
NOTICE
The exchange adjourned out Of
respect, to the memory of Mr..
Albion K. Paris, who died today,
September l8, 1880.
The Washington times., 1930-09-18
ReserUists of Fleet
Elect NeIO Officers

With the adjournment of the
sixth national convention of the
Fleet Reserve Association, at the
Wardr1an Park Hotel, the Wash
ington branch last night elected
the following officers: James P.
Casey, president: George Isley.
vice president; J. j. Walsh, secre-
tary.treasurer; James Callan, SER
geant at arms.
" L. Schroell, C. e. Heineman, C.
Cavanaugh, o. Christian and w. H.
Smith were elected to the board Of
directors.
The Washington times., 1930-09-18
Gas Valuation
Suit DrOpped

Associate Justice Peyton Cor.
don Of the District Supreme
Court has signed the petition
Of the Washington Gas Light
Company. formally withdrawing
It's suit against the Public Util-
tiles Commission with reference
to the 1919 valuation of the
property of the corporation.
i. The petition was presented
shortly. after 2 o'clock and was
signed by Justice Gordon 10 min
utes later, thus ending all litiga-
ton with regard to the valuation
The Washington times., 1930-09-18

Hard luck had dogged the
Royal Mail group of British
steamships even before the sink
ing OF the Vestris, owned by its
subsidiary--Lamport g. Holt. A
receivership has been asked for
Lamport g.. Holt. Now the Royal
Mail has sold one Of its few
profitable lines-Argentine Navi-
CATION Co., Ltd.-to an Argentine
group. The Argentine line showed
a profit Of $987,920 last year,
which is better than the parent
company could do. $50
The Royal Mail is following
the policy of a good many who
played and lost in Wall Street
last year. AS the broker called
for more margin they sold the
best stocks, holding to the last
the weak ones and hoping against
hope the weak sisters" would
come back. Eventually the weak
sisters" went the same way. It
must be human nature, for peo-
pie the world over always sell the
good to save tie bad, instead
of selling the bad to protect the
good.
Rumors of the scrapping Of a
favorite General Motors product
have been spiked by an advertise.
men signed by one of the Fisher
brothers. One is dependent on
the other to preserve present
prices, according to the ad. 4
The Washington times., 1930-09-18
GENERAL DULLNESS IS seen
FOR SOME TIME YET
General Motors Reported Seeking Minority
Interest in Large Aviation Corporation;
Proposed Merger Deal Fell Through,
By THE SPECTATOR

The market showing pretty good backbone cant see
where seasoned dividend paying stocks have
anything to worry about.
The markets action Of the past week doesn't mean
very Trading almost entirely professional Bear
drives have unable to cause real liquidation
Buying setbacks has been better than the selling M
the little to step In and Duy
stocks here except in special The market isn't
likely to do while and it's best to stick to the
sidelineS
The Washington times., 1930-09-18

well taken lately on scale down
orders.
That Colgate -PalmOlive-Peet
(CPL), which Is seeking Kirk
man & Son, Of Brooklyn, viii
earn more than '$4.O3 . share
reported for last year.
THAT backlog of orders will
help Allis Chalmers (AH) to
make as good n showing in the
last half Of the year as In the
first half.
That interests close to the
canning industry are buying
McKeespOrt Tinplate INV on
recesSiOns.
That some Of copper manu-.
facturers report improvement
in business.
The Washington times., 1930-09-18
Warner Brothers

There are persistent reports
that Warner Brothers is going to
get q move before long. I hear
from several good sources that
insiders have been buying the
stock and putting their friends
into it. I told my readers re-
Gently that Warner had probably
seen the worse and that it was
In a long pull buying range. The
stock looks like a good bet and
may easily repeat the market ac-
ton of Fox. The story of the
move, however, may be premature,
SO don't buy the stock unless you
are prepared to be patient and
stick with it. Warner should
work out all right. The company
should be able to earn from So to
$4 on the common without much
trouble in a normal year.
Republic Steel took its turn in
going counter to the new climbing
about three points despite the
fact the 81 dividend was doomed.
Perhaps the big pipe order the
company got had something to do
with the bulge. The truth, how
ever, is that Republic has been
well bought since its break last
month. Insiders are bullish on
the long term outlook.
The Washington times., 1930-09-18
The Coppers

Action of CRANKY in cutting
its dividend from SO to 50, the
second reduction this year, TO
cuses attention on the Anaconda
directors meeting next week. The
street expects Anaconda to lop
its $3.50 rate again, some pre-
dieting 50. The dividend was
halved at the last meeting. The
coppers in general have led the
dividend cuts this year, one of
the most recent being Kennecott.
The copper stocks are unques-
tionably we'll debated and are
probably around bottom. Far
sighted investors have been pick
ing up the leaders in the last
two months. There is no reason
as yet for those with small
means to buy the coppers unless
they are extremely patient. The
situation still has its sore spots
in the low price of the red metal
and the huge surplus stocks.
Continental Baking A is a Stock
worth watching. Sale of it's Kan
Sas City mill relieved the COM
pany of an improbable property.
Continental is a well-rounded or
ganization. Earnings are said to
be on the upgrade. The low
price of wheat helps. There has
been good buying in the stock.
The Washington times., 1930-09-18

Announcing the Merger
al-American National Bank
Merchants Bank and Trust Company
approval consolidation of FederalAmecan Ma
directors of the FederaAmerican National Bank given
Tuesday, September 10TH
Final ratification will have receive the sanction of the stock
holders of the banks their meetings be held October
2Oth 1890
When this immediate steps will be taken for the
actual consolidation of the institutions under the of the
FEDERALcAMERICAN NATIONAL BANK AND TRUST
COMPANY.
the Of the consolidation continue all directors all
officers and all employees of both banks and to operate all fve
banking offices, namely '.r..
Fourteenth and g Streets
Fifteenth and II Streets
Dupont Circle
Pennsylvania Avenae and Twentieth Street
BroOkLand (Tweth and NewtOm Streets NE)
hoped that consolidation with its increased
will continue to bespeak the confidence and
heretofore enjoyed by both banks.
Combined Resources around $25OOOOOOOO
Federal American National Bank
.4a. .@ POOLE
Merchants Bank and Trust Company
& BOILING, President
The Washington times., 1930-09-18
easoned Dividend Paying Stocks Looming Strong Spectator Declare
Wall Street
Hears:

That Borden (BDOl has been
well taken lately on scale down
orders.
The Washington times., 1930-09-18

A--Feb. Is: B-April 80; C--May31; ;
D--April 26; E--March 81; F----Dec. rs,
The Nome nugget., 1930-01-25
SEPPALA IS DEFEATED

LAKE PLACID, N. Y, Jan. 22. [P)-Walter Charming of Boston won the, annaual derby of the Lake Placid Clubs dog racing program. by out-racing Leonard Seppala, the Alaskan driver, who has won the derby for the past two years. Channing's time was 51 minutes and six seconds for the twelve miles, giving him total time, .. for stwenty-four miles of 1 hour. 56 -minutes,3 and ten seconds. Seppala's s time for the twelve mile lap today, was. :. hour four minutes and twenty-five sec onds. making a total. time for the twenty -four miles of ? hours, one minute and twenty-nine seconds.
The Nome nugget., 1930-01-25
FRIDAY (TElEGRAPHlCj
AIRPLANE NEWS

Due to bad weather at Teller, North Cape, and Nome, no flying was done today. The Fairchilds are still at Teller. Victor Ross expects to hop of from Nome for Teller carrying freight in the Swallow biplane, tomorrow morn ing, weather permitting. No word has been received of the where abouts of Pilot Graham of the N. A. T. company. flying the Stin- son Junior monoplane. It is thot he is at Deering where he was fore ed to return before proceeding to Fairbanks.
 Pilot Swartman will hop off for Elephant Point and Kotzebue as soon as weather permits.
The Nome nugget., 1930-01-25
BYRD IN DANGER OF
 WINTERING ANTARCTIC

NEW YORK, Jan. 23, P)-With ice blocking the passage of Byrd's relief flagship to his base at title relief flagship at Little Ameri- ca. an appeal has been made through the state department ask ing help of the Norwegian whalers in the vicinity of the Antarctic lands. Such ap effort if proved successful would free Byrd and his expedition from spending an other winter in the Antarctic, with possibly dangerous results.
 The City of New York, Byrd's flagship, was only able to reach the edge of the ice pack, and with out the aid of the Norwegian whalers, which are much larger vessels, the flagship will not be able to negotiate the southwafd passage into Antarctica. Such was the situation, as it was learn ed in wire received by the of ficials of the State Department from Comma nder Richard E., Byrd
The Nome nugget., 1930-01-25
NO TRACE OF EIEI1SON :~ REPORT DOG !. TEAMS

,, MOSCOW, Jan. 2S, .R-A wire less. messa ge from Wrangell 1s- land, to the Soviet. Aviation Com n 'ssion at Moscow, said that blind ing snow. storms in the Arctic Ocean made it almost impossible to discover any trace of Eielson.
 The message came from Cover nor Mineyeff, of Wrangell Island, who with a group of other Rus sians set out by. dog sled, to search for the lost fliers. They returned to the island January 14th with out having found any trace. we moved along a line from Cape Doubt, directly southward about twenty-five kilometers from the island. Encountering broken and floating ice. and no trace of Eiel- son, also the constant snow storms. we finally decided to turn. back. getting short of food. We were greatly htndered by these storms, sometimes being barely able to see our sled dogs in front of us.'''
 Mineyeff said if there were no further confirmation that Eielson's g plane was seen by natives, landing near the Anguema River, he would mann an expedition and proceed there directly to find out the truth. This dog sled expedition is only one of the many which are order ed out by the Soviet authorities
The Nome nugget., 1930-01-25
COOK MAY RECEIVE PAROLE
LEAvENwoRTH, Kansas. Jar

LEAVENWORTH, Kansas, Jan. "A, P)-The papers here quote the parole board as having stated they would parole pr. Cook, who is serving a sentence Of fourteen Years and nine months in the Fed eral Prison for using the mails to 'defraud. Members of the parole board refused to- confirm +'or deny the printed report saying only that thefe was no adverse action. taken so far: The prisoners re- cord is good and the plea is partly. being based on that fact. although the true fouadation Is that Cooks health is failing fast in his present position. .y....,
The Nome nugget., 1930-01-25
ANOTHER BUS COLLISION

CLEVELAND, Jan. 22, -(R- A collision between an auto bus and a New York Central train cost the ives of ten small school children and the bus driver. The accident occurred ct the railroad crossing near Bera, Ohio, fifteen miles from Cleveland, late yester- day afternoon.
 At least three other children were injured. two of whom may die.
 The train was bound from Chic ago to Cleveland. It hit the bus squarely in the middle, scattering the bodies and wreckage for sev- eral hundred feet down the track. The cause of the accident is at tributed to the failure of the bus driver to see the approaching train on the otherside of freight for which he was waiting to get by the crossing.
 The train was stopped as quick ly as possible and the crew and pa assengers, jumped off to render all possible aid to the surviving children.
The Nome nugget., 1930-01-25
NEAR WAR IN s. AMERICA

ASSUNCION, Paraguay. Jan. 22 Rl-An official communication to- day charged that a Bolivian pa trol had attacked the Paraguaa fort of Isla Poi, last Thursday and had killed number of Para guan soldiers. retreating then tc Fort BoQueron. the scene of tG- 1928 disorders and disturbances
 The communication claimed tha= Bolivia had violated the "stain- quo" of the Chaco Bofeal region, which was established i| 2o-amor ground for the two countries.
The Nome nugget., 1930-01-25
GUGGENHErM MARRIAGE
 FINALLY IS ANNULLED'

WHITE PLAINS, N. Y., Jan. "A. P-The annulment of the runaway marriage last April of Natalia Guggenheim, eighteen year old heiress to the copper millions, and Thomas Gordon of Long Is- land, a real estate man, was to- day granted by Supreme Court Justice Morschauser. He said it was granted at a private hearing in his chambers but the papers were not yet signed. The annui- ment was given on the grounds: that the girl was not yet eighteen years of age when she and Gordon eluded +"her parents after several unsuccessful. attempts to get mar rid. The action was brought by Edward Guggepheim, her fath- CT
The Nome nugget., 1930-01-25
:. ALASKA RAILROAD


 :. SEATTLE, Jan. "A, (R-Pre- parations for the shipment of sup plies for the Alaska Railroad are getting underway, foodstufns fur nishing the principal items, altho steel and lumber in great quanti- ties is also being shipped. The shipments are expected to leave Seattle for Anchorage early in March, says Otto F. Ohlson, Gen eral Manager of the road. It was also made. known that bids would shortly be called for. for the con- struction of a one. hundred and ninety foot stern wheeler boat for work on the Yukon. in connection with the railroad service.
The Nome nugget., 1930-01-25
MELLON. BEING HARAssED

WASHINGTON, Jan. 24. R- Secretary of the .::Treasury Mel lon who has been :: looking over the " treasury reports said that about the time the dry .hws were placed upon the ssatute.. bool ;, he had recommended to the: Co4gres- Committee, the transfer of the prohibition bureau, from the treasury to ':the' department of justice, but he had been flatly re- fused. When pressed. by. the House Expenditures committee he said: This matter of the legislation of the prohibition bfueau is a very controversial subject and don't see any place now to express my personal views"
The Nome nugget., 1930-01-25
FIRST DEATH BY CHAIR
 IN STATE OF ALABAMA

MONTGOMERY, Jan. 24, R)- Eilena Gilmore, a negro, and the first woman to be electrocuted in. Alaba ma, was put to death this morning in the Electric chair at. Kilby prison.
 The woman was convicted of the murder of Horace Johnson. a Birmingham restaurant owner last June. She is said to have been ordered out of his restaurant from whence she departed in search. of a gun. Managing to obtain a, flrearm, she returned and shot him to death.