davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-08-18
BANKERS START
BULL MOVE

BERLIN, Aug. II (U.S)-Wor-
ried by the alarming slump in the
market during the last few weeks,
which brought the lowest quota
tions Of the year, banks and In.
dustrialists this week inaugurated
a bull movement, resulting in a
general upward trend and slight
gains.
Although business is still on a
small scale, there is less nervous
ness among traders. There was
considerable buying among ship.
ping shares and it is believed that
the shipping companies them
selves were doing the buying.
The statement of the Gehein.
rat DuiSberg, head of I. G. Farben
and the German Industrialists AS
sociation, that I. G. Farben shares
are greatly undervalued on the
Bourse stimulated those shares.
Showing there is still capital
for investments the railroad issue
Of 100000 marks was oversub-
scribed.
Nord Lloyd gained 4 points, Ha-
pag 4, Schubert 8, SiemenS z and
l. G. Farben 4.
The Washington times., 1930-08-18
CHICAGO LIVE STOCK

CHICAGO, Aug. IS UN.s.).-Hogs-
Receipts $4,000; market steady; top
Ss.50@10.a5; medium weight, $10.15 o
10.75; light weight, S10.3o@1o.75; light
lights, $9.9O@1o.6O: packing sows, $s.25
o.; pigs, $S@10.2S; holdovers 1000.
Cattle--Receipta $4,000; market csc
higher Calves-Receipts 5000; market
steady. Beef steers-Good and choice,
$40 1925; common ana medium, $3.50 q
$50; yearlings, s6@11. Butcher cattle
Heifers. $501o.75; cows. s4,25@IsO;
steers s7@T.50: stocker steers, 3S@7;
stocker cows ana heIfers, S3.5065.5o.
sheep-Receipts 10000; market s5c
lower; medium and choice lambs. $50
S.7S: culls and common, $S4T.So;
yearlings, 2S.5o@7P; common and
choice ewes a2a4; eedsr lambs. $3.50
96.7E.
The Washington times., 1930-08-18
REQ DISCLOSES
ENLARGEMENT
PLANS

Greatly enlarged operations are
In store for REQ Motor Car Com
pany, according to a statement
made by william Robert Wilson,
general manager, in an address
to a large gathering of REQ
foreign distributors and sales rep
reSentativeS from all parts Of the
world, assembled here this week
in convention.
Wilson said:
"ReO's largest years volume
In the past was approximately
SIS, 10000 This represents
about Q two and One-half times
turnover Of ReO's working
capital. There Is no reason
why this turnover should not
be built up to 10 times, which
would mean an annual gross
volume of $500, ,OOO, ,OOO."
Mr.. Wilson also' pointed out
that the REQ factory today has
sufficient capacity for O much
larger production without addi'
tional expenditures, and that he
has every reason to believe that
the time is not far distant when
this entire capacity will be uti-
lized. This was accepted by the
foreign delegation as definite in
dication of concrete plans to seek
a greater enlarged market for
REQ passenger cars and speed
wagons. The highest production
attained by REQ in the past was
an average Of about $50 units
daily.
Only a few weeks ago, upon is
suance of its second quarter
statement, it was disclosed that
REQ had invested more than
81 ,0O0,0 in new machinery since
January /, and that its eXpendi-
lures in experimental work and
other forms of engineering had
proceeded on a normal basis as
compared with 1929, in spite Of
the general decline of business.
This, coupled with the fact that
the sales personnel both in the
field and at the home office, has
been greatly strengthened, is
taken to mean that REQ has COM
plete confidence in its future and
knows precisely where it is
headed.
In connection with this opti.
mistic outlook, it is interesting to
note that REQ has always been
one of the most substantial and
most consistent divider-1 payers
in the industry. Records dating
back to the founding of the COM
pany in 1904 show that on orig
inal investment of $1,000 made
at that time in REQ stock would
now be worth exactly $194, ,789 40.
On August 16, 1904, $1,000
bought 200 shares. Cash divi-
dends began almost Immediately
and in September, 1905, there was
a stock dividend of so per cent.
Thereafter there were frequent
further stock dividends ranging
from 10 to 100 per cent. During
the 26 years the original 200
shares have increased to 7,744
shares. At present quotations
these have a market value
amounting to in round figures,
$T3.568.
Cash dividends have been paid
Is out of Reo's 26 years and dur
ing this period the SO cash divi-
dends on the original 200 shares
and on the extra shares that rep
resent the stock dividends have
totaled $121,221.2O. These divi-
dends, plus the present value of
the stock, represent total worth
at present of $194, ,7S9 40 resulting
from an original investment Of
81. 600.
The Washington times., 1930-08-18
STOCKSF|RMU Up
AFTER DROP
BY w. S. COUSINS

NEW YORK, Aug. 18.-UNS.),
Stocks, cotton and grain were de.
pressed at the beginning Of the
new week by a deluge of weekend
selling orders. The drop in corn
and wheat was a natural response
to the heavy rainfall since the
closing Saturday, and cotton felt
the weight of renewed foreign and
domestic selling.
Stocks lost from / to S points in
the first hour when a host of last
weeks enthusiastic buyers threw
their shares on the market in an
effort to take profit or to extend
their short lines.
The bears again hammered
Radio, in an effort to unsettle
the market. At 379s this stock
was down 2 points, while Ameri-
can Can fell 2h and Westing-
house S. Realty was a weak spot
in the. industrial group, falling
4 points to new low at 4l3L.
Shell Union Oil dropped through
to a new low at 1914 and Co.
lumbia Graphophone broke under
IA for the first time this year.
New York Central dropped off
2 points to 100, leading the de.
cline in the dividend rails.
The market firmed up after the
oVer-Sunday accumulation of sell
ing orders had been taken care
OF. Only 1877 900 shares changed
hands in the first half-hour.
Call money renewed at ga per
cent, but a return to 2 per cent
later in the day was freely pre-
dicted in Wall Street.
The Washington times., 1930-08-18
Control of Eternit
Sold to RuberOid

The Ruberoid Co. has acquired
a controlling interest in Eternit,
Inc, the second largest manufac-
turer Of asbestoS-cement products
in the United States, having a
modern plant at st. Louis, Mo,
for producing shingles, asbestos
lumber, corrugated sheets, etc.
These products will continue to
be sold under the well-known
Eternit trade name.
Ruberoid will be associated in
this enterprise with the Belgian
Eternit interests, and it is con.
templated in the near future to
extend the line to include other
asbestos products which have al
ready found an extensive market
abroad.
The Washington times., 1930-08-18
CHICAGO STOCK
SALES DROP

CHICAGO, Aug. 1S.-The so
most active stocks traded on the
Chicago Stock Exchange during
the week ended August is had
a market value of $2,330, Joe, 1888
at the close of business Satur-
day, as compared with $2,356.316,-
23S at the close of the previous
week, according to a compilation
by Otis g. Co. This represents
a decrease of $26.21O, 900 or 1.12
per cent.
Otis g. Co.'S analysis shows
that "a of these stocks were
listed and traded in last year.
These stocks had a market value
of $1,532,238,132 Saturday as com
pared with $2,415,271,951 on All.
gust II, 1929. a decrease of $685.
033,819 or 1856 per cent.
The Washington times., 1930-08-18
IrGNScOntinlent1L Oil
Dissolution Approved

Stockholders Of the Transcon
tinental Oil Company have ap-
proved plan for dissolution, fol
lowing the sale of the company's
assets to the Ohio Oil Company,
It was announced Saturday. Ohio
Oil holders previously agreed to
purchas- the assets and assume
the liabilities Of Transcontinental,
ard changed the company's capi-
tai structure to consummate the
deal. The basis of the acquisi-
ton is 81 share of the new no
par shares of Ohio Oil for each
share of Transcontinental,
The Washington times., 1930-08-18
Politics Retnrding
Business in Texas

DALLAS, Aug. 18.-The Texas
political campaign has had a damp
ening effect on business. The
run.off primary of the Democratic
party, which is equivalent to elec.
ton. will be held August %, and
until the results are known there
will be little change in business
conditions.
The Washington times., 1930-08-18
GRAINS LOWER

CHICAGO. Aug. is UNs.).-Grains
opened lower today. Wheat was down
y to lac; corn, IA to 2Ac, and oats,
v to 1c.
Opening prices: wheat-septeube
ss9ssA; December, %; March. SsA
May. 1918.
Corn-september, ss; December, sOA
March. 90; May, 95.
Oats-September. SsA; December.
42S @42S; March, As; May, 46&.
The Washington times., 1930-08-18
May Hosiery Mills
Declare Dividend

Directors of May Hosiery Mills,
Inc, have declared the regular
quarterly dividend of 81 a share
on the outstanding cumulative
preference stock, payable Septem-
her /, 1880, to stockholders of
record August %, 1880.
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1930-07-31
MINIATURE GOLF
COURSE STARTED

Work on the construction of the
miniature golf course is well under
way at this time and it is expect
ed that the course will be ready
for play by the middle part of next
week.
The course which is on the cor
ner of 18th and Cakes streets lust
behind the United States Nation
al Bank building, is to have the
full IL holes and plenty of haz-
ards that will try the skill of the
best to make it in par. Nearly
all Oh the material has already ar
rived and the course will be as
sembled as soon as possible in or
DER to give the people a chance
to play on it while the season is
still good.
J. 2. Plunkett and D. M. Marine
the owners of the new course plan
TO Go no more than is necessary
thls year, due to the short time
lett to play, but Wi make a great
many improvements on the course
newt year.
The course, all except the fair
ways and the greens, is to be Gin
Tered. The fairways and the green's
are covered with a special process
'ed material which looks and feels
IKE the turf of a large course.
The little courses, known bv var
uos names throughout the coun-
ny have made a great hit in the
arger cities Of the east and the
aclflc coast and recently a min
lure course was opened in Bill
ngs. People who cannot afford or
'ho Go not find the time to travel
0 the larger courses or golf clubs
$ wen as people who have mem
ershlps in country clubs, find that
ne little course offers a means (
hereby they can enjoy the game I
the fullest extent or get some
'onderful practice in OVERCOMING
u kinds of hazards in comnara7 I
vey short time. I
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1930-07-31
WALSH SPEAKS
FROM BILLINGS

Thomas J. Walsh, the democrat
ic nominee for U. S. senator Of
Montana, last evening spoke to the
people of eastern Montana over the
radio station KGHL from Billings.
Mr.. Walsh delivered his address
before the members of the Billings
Commercial club, his speech being
transmitted to RADIO listeners by
remote control.
The ssnator spoke concerning
the tariff bill, explaining in detail
good many of the various fea-
lures concerned. He started his
speech with the farm relief mea-
sures in the bill. He explained the
relief plan and the debenture pan
Which Was not passed by the house.
lie explained how the board board
worked, that it was to purchase
the grain that was raised over and
above the estimated amount of
grain that was to be used in the
United States, thereby creating a
competitive market and thus rails
ing the price. He also pointed out
the fact that the industrialists in
The east desire food produces to be
as low as possible and that the ag-
flculturist on the other hand de-
sire the prices of food products to
1e as high as possible and that the
we're working against each other.
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1930-07-31
COLUMBUS loses
TO LUTHER nine

In a game that was full of ex.
cltement and thrills from the verv
start, the Luther baseball nine won
a ten-lnning game from the Col
umbus team last Sunday by blank
ing the Columbus players in their
half of the tenth and then getting.
the needed run when thew came 10
bat. ~ -
Luther took an early lead in the
game scoring three runs in the
Iifst inning against Columbus
one in the second canto Luther
gained one more run blanking Col
umbus IN their half. In the third
inning the Columbus team scored
TWO more runs and Luther's play
ers came right back at them with
i've more. In the sixth inning the
Columbus team managed to get
TOUR men across the home plate
and one more in the seventh. MAX
ng the score nine to EIGHT in
Luther's favor. In the eighth in !
ling the Luther team forced two |
more men home and Columbus i'm
nedlately returned the compliment
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1930-07-31
SHERIFF
YEAR; CAPTURED

William Mitchell now resides in
the county Jail after having been
captured at Absarokee by the Col
umbus authorities and turned over
to Undersheriff Floyd Gebo last
Sunday. A warrant had been is
sued for the arrest of Mitchell
nearly year ago and Carbon
county officials had been seeking
him ever since.
August II, 1929, Mike Repich
OF Bearcreek entered complaint
against Mitchell, charging him
with grand larceny and accusing
him OF the theft of saddle horse.
that Was allegedly unbranded. and
WIS the property of Repich.
When county authorities went
to serve the warrant on Mitchell
at that time, Mitchell had already
lett the state, and his movements
were followed by the authorities
Under the belief that he would re-
urn. A few days ago he return
I'd and the sheriff's force of Car
bon county immediately notified
he Sweet Grass county officials
o arrest the man and hold him,
OR their arrival
Mitchell was arranged before
Justice of the Peace E. B. Provinse
N Monday, and his bond was set
It 5000 and preliminary hearing
or August 6, next Wednesday.
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1930-07-31
LOCAL GOLFER
Wins IN FALLS

Attorney c. c. Rowan, who rep
resented the city of Red Lodge in
the Montana golf tournament, held
last week on the Meadow Lark
course in Great Falls, was winner
OF two prizes at that city.
Mr.. Rowan, according to his
qualifications, was entered in the
third flight contest and by defeat
ing all men who played against
him was awarded the handsome
silver lovino cup which was given
for this fight.
In the first days play, Mr.. Row.
on defeated DR.. Shaver of MissouIa
up; in the second game he was
victor over DR.. Mccarthy of Mis-
soula by 5 and 4 he won the third
game from Paul Flint Jr.. of Hell
ena by 2 uD, and in the finals he
was matched against Roland Ken
nard of Great Falls, from whom be
won by a / up score.
In addition to being the winner
OF the mems third flight at the
tournament Mr.. Rowan was also I
presented with silver cocktail set
consisting of a tall silver shaker
and six silver goblets for winning
# the mems low medal handicap.
Inc low medal handicap prize is
presented to the contestant who
overs his score the most during
he contests. Mr.. Rowan's first
score was SO and the last SO. a diff /.
terence of five points which was
greater Improvement than that
'hown by any other player in the
tournament.
There was eleven flights for men
n the tournament and Mr.. Rowan
tated that DR.. A. H. McFarlane
former Red Lodge resident, was
winner of the seventh flight. and :
hat Judge Goddard of BilIinps
5ho was entered in the 18th FLIGHT \
,as eliminated. He also said that 7
mere was several other BILLINGS !.
offers in the tournament but that !
1ey all failed to place. ),
Mr. Rowan. accompanied by Mrs. I
owan, left Red Lodge last We'd !
esday, making the trip by auto :
oblle and returning on Monday =
yening. =,
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1930-07-31
WASH0E RESIDENT
DIES WEDNESDAY

Clement Scarr Lodge, who for
a number of years has been a res
ldent Of Washoe, died at a local
hospital last evening at $50 from
carsinoma from which he had been
suffering for some time. Mr..
Lodge had been in the hospital for
the past six months.
He was widower, born in Enc
land and is survived by three sis
tiers all of whom are living in Eng
land at the present time, and Mrs.
Janet Lodge, of Washoe, sister
ln-laW.
Services are to be held tomorrow
afternoon at 2:GN o'click from ilae
Downward Funeral Home, the Rev
D. s. McCorkle of Bearcreek. and
Key. Frank Durant of Red LODGE
officiating.
lnterment is to be made in the
robson cemetery near here
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1930-07-31
BEIy I Thief
GETS d YEARS

Convicted of robbing the post.
office at Belfry on May 7, Leonard
McKendrick was sentenced to serve
four years in the federal peniten-
tiary on Mcneil Island, according
to Howard Coonen, postal inspec-
tor, who returned to Billings last
Thursday from Great Falls where
sentence was pronounced in feder-
al court by Judge Charles N. Pray.
McKendrick, who was arrested
under the name of L. McKeown,
broke in and looted the iBelfry
postoffice and hardware store. He
obtained abont 500 in stamps,
book of money order blanks, and
set of post office rubber stamps.
From the hardware store, knives,
fountain pens and watches were
taken which McKendrick was try
ing to dispose of in Billings when
ne was arrested by local police.
On the same day, the local sher-
IFS office arrested Ernest Mich
ols for the alleged theft of an au-
at Belfry. Nichols is
till being held on the auto theft
'harge, at Red Lodge.
According to the inspector, Nc
lendrick after attempting to
freak jail at Red Lodge. was
transferred to the county jail at
'laings where he was in custody
ntll taken to Great Falls recent
y by United States Marshal Tom
'olton.
Evidence Was presented at the
me of sentencing McKendrick.
ccording to the Inspector. to the I
fleet that he had served 10 wears ]
! the Folsom prison in California
'r holdup and another term of
our years at SIN Quentin for {
rama larceny. McKendrick is
ian OF about SO years of age. (
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1930-07-31
MRS. BERGER
PASSES AWAY

Funeral services We're held in
Joliet last Sunday for Mrs. Nellie
hobbs Berger, former resident of
bearcreek and member since 1919
OF the Red Lodge chapter of the
Eastern Star lodge, who passed
away IN Cheyenne, Wyo., Thurs
day.
Committal services were held bv
Venus chapter, No. 80. Order of
Eastern Star of Red Lodge, of
which Mrs. Berger had been a
member. The rites were officiated
at by Mrs. James A. Leslie, worthy
who was assisted by other
officers of the chapter. At this
service Mrs. G, L. Tidyman of Jol-
let let, grand worthy matron, sang,
Thy Will Be Done.
"a bearers were James Leslie
Inner Schroeder, Charles Wilson,
4 A. Simmons, G. P. Reyes and
rank Bowman, all members Of
ne Masonc lodge Of this city.
MRS. Bergen, a former Joliet
'lri, after her first marriage, lived
ear mat city for some time on a
amen, then moved to Bearcreek,
mere she made her home for
5out fifteen years. At the time
her death she had bene living
cheyenne, Wyo., for about eight :
ears.
one IS survived by one son, Mr.. :
onn Hobbs of Belfry, and :
aughter, Mrs. c. H. Suits of !
heyenne. L
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1930-07-31
I ROMDERG Wins
sundays GAME

A rally, started in the seventh
inning by Jumbo Pietala who
cracked out the only home run of
the game, saved the Red LODGE
baseball team from white wash
Ing, and very nearly gave them
the victory Sunday over the
tron1berg nine in the game PLAYED
here. -
Red Lodges scores came in the
seventh, eighth and ninth innines
after a total Of eight runs had
been amassed against them bv
Fromberg in the first five innings.
Jlggs Pokarney and Bergen. a bat
terry that seemed to have struck
Inc local boys with stage fright.
proved to be almost unhittable nm
I'll fletala knocked a low fast hall
over the first baseman's head and
way out into right field, allowing
MN TO reach home before the han |
was returned to the diamond.
IirofS made IN the first few in
nings by the Red Lodge infieIders
ana a outflelders alike, gave the
Fromberg nine lead that the local
boys could not overcome. Mauro
ana Yanchlsin, the Red Lodge hat
terry, did some very remarkable
work all during the game. Mauro
a good steady game all
nine innings.
Pullng out from under an eight
% zero score. in the sixth inning
he Red Lodge team ended un the
game with a nine to six tallv
against them. t
Score by Innings t
l 2 3 A 5 6 7 8 9
yea Lodge 10 0 0 0 90 1 2 3 t
io,lmoerg -----...1 l 3 0 8 0 @ / q S
Inc Red Lodge team will travel {
: rromberg next Sunday to play }
nI1e Fromberg team a return can,a I
ne lineup is expected to he the il
anne as that played here in the c
anne Sunday. d
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1930-07-31

Inc Girl Scouts of Troop No.
z OF Red Lodge returned Sunday
from a weeks outing at East Rose
bud lake. Those making the trip
we're Lorraine Lyons. Daisy Lewis.
Adeline Jarussi, veda Sneider, OIL
ga Mervish, Corinne Rydberg and
Anna Freeman, as guest. On
of the captain, Miss Alb
igall Doran, being unable to ac-
the girls on the trip, Miss
Jarussi was temporarily
in charge.
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1930-07-31
BETTER TONE noted
IN BANKING CIRCLES
CASHIER OF U. S. NATIONAL
BANK STATES THAT CON-
DITIONS IMPROVING
CARBON COUNTY IN GOOD
SHAPE FINANCIALLY; IN
CREASE FORECASTED

A remarkable change in senti.
ment is noticeable in Carbon coun
ty, and the financial outlook is
most encouraging, according to II.
t Cassidy, cashier of the United
States National bank Of Ped
Lodge, who has made a careful
oheckup on the 56 counties in
Montana and has found that pros
poets are most favorable in Car
bon county, due chiefly to the div
erslfled farming, mining and truck
farming
Mr.. Cassidy stated today that
Carbon county will produce APP
proximately 10000 more cases of
peas and beans this year, the pack
being estimated at 100000 cases.
This increase is due to an increase
IN acreage during the past year.
me sugar beet crop WI be above
normal this year, he saio, although
the hay crops are about 20 per cent
under normal, due to the lack of
rain. The irrigated crops in Car
bon county are in good shape.
Mr.. Cassidy expects conditions
to be somewhat better in Red
Lodge and Carbon county within
The next six weeks, due to the fact
That the Red Lodge coal mine will
oe working more steadily. At the
present time the miners are en-
oloyed on an average of two or
'hfee days week, but as soon
IS the orders start coming in for
ne winter supply of coal the mine
Viii work more steadily. This also
.pplies to the mines at Washoe and
3earcreek, Which are not very
teadily operated at this time of
he year.
The banker also believes that
'lth the oil development activities
The Dry Creek field will have a
to create more activity
I the oil business within the next
eW months, as many leases have a
lause which provides that the
'hlo Oil company must begin drill.
ng on the property within sixty
nd ninety days after discovering t
L on their own property. With '
le Ohlo Oh well No. 2, coming in t
5 a producer this week, will en-
'urage development activities in a
le northeastern part Of the coun- t
IN discussing the banking condi-
On IN Carbon county, Mr.. Cassidy \
ated that every bank is in first i
ass condition and sound-there
Ing no danger of any deflations.
le secondary reserve of the I'm
ID States National bank has in
eased nearly SO per cent, he said,
ring the past five years, and the j
sources have increased from ST. H
O,262.33 in 1925, to $1,199,223 B
1880. of
The banker discussed the general Ell
preston condition in the United ay
ates to some length, and he be- da
yes that. the turning point is
IT. He said that the change in VI
ltlment which is noticeable in in Es
encial banking circles, which WI
etofore has had rather de- me
ssed view as to early improved at
mess prospects. ma
'ollowing is a summary of the off
Continued on page s. ser
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1930-07-31
MASONIC PICNICERS
ALL READY TO GO

Plans for the Masonic picnic
winch was published in the News
July II, have an been made and
everything is in readiness. The
committee reports that all the
lodges of Carbon county, two LODI
ges from Billings and Laurel
lodge, viii be in attendance.
1t is not known just who will be
the speakers for the afternoon
program, as that is being taken
care of by the Billings lodges.
Ice cream, pop and coffee are to
be furnished on the grounds by the
committee. There is to be ser
nee in the morning and sports
or the children in the afternoon