davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-10-21
WGrner-COLuImbid
In S3,OOO,OOO Deal

Warner Brothers and Columbia
Pictures last night announced the
closing Of contracts involving ap-
proximately 100000 in film
bookings. Warner Brothers con.
tracted for the entire 1930-SI Co
lumbia product Of 30 audible
features to be exhibited in all the
theaters Of the Warner Brothers
circuit from coast to coast. AS
previously announced the deal
also involves the. company's short
subjects amounting to an addi-
tional $1,OO0,000. This deal fol.
lows closely upon @ similar ar
rangement by Columbia with the
R-K-O chain.
The Washington times., 1930-10-21
FOOD P RICE 81
!. SEEN HIGHER |
IN REPORT
General Gain of | 1-3 Per Cent
In Month Declared; Washing
ton Prices Gain 4 Per Cent

Retail food prices in the United
States. as reported to the Blu
reau Of Labor Statistics Of the
United States Department Of
Labor. showed an increase Of
approximately one and third
per cent on September IS. when
compared with August is, and q
decrease Of almost nine and one
half per cent since September
Is. 1929. The bureaus weighted
prices in 1913 as 1000, were
1903 for September is, 1929,
1887 for August Is, 1890, and
1855 for September Is, 1880.
18 Articles Up
During the month from Au.
gust is to September is, 18
articles on which monthly prices
were secured, increased as fol-
lows: Strictly fresh eggs, II per
cent: pork chops, 2 per cent;
lard, 6 per cent; chuck roast,
butter, and potatoes, 3 per cent;
rib roast, plate beef, sliced ba-
con, canned red salmon, and
navy beans, 2 per cent: sirloin
steak, round steak, leg Of lamb,
cheese and rice, / per cent; and
sliced ham and hens less than
five-tenths Of per cent. Eleven
articles decreased: Onions, 10
per cent; cabbage, Q per cent;
prunes, 4 per cent; sugar, 3 per
cent: flour, 2 per cent; oleo-
margarine, canned tomatoes,
coffee, bananas and oranges, !
per cent: and tea less than five
tenths of ! per cent. The fol-
lowing IS articles showed no
change in the month: Fresh
milk, evaporated milk, vegetable
lard substitute, bread, corn meal.
rolled oats, cornflakes, wheat
cereals, macaroni, pork and
beans, canned corn, canned peas,
and raisinS.
d. C. Up 4 Per Cent
During the month there was an
increase Of the average cost Of
food in 48 cities as follows: Pitts
burgh and Washington, 4 per
cent: Bridgeport, Omaha and
Philadelphia, per cent; Balti-
more, Chicago, Columbus, Denver,
Indianapolis, Kansas City, Mil
waukee, Minneapolis, New York,
Norfolk, Providence, Rochester,
st. Louis, st. Paul. San Francisco
and Springfield, ILL.,, 2 per cent:
Atlanta. Boston, Buffalo, Cincin-
natl, Cleveland, Dallas, Detroit,
Fall River, Houston. Jacksonville.
Los Angeles, Louisville, Man
chester, Mobile, Newark. New
Haven, New Orleans, Peoria. Port
land. Me- Richmond, Salt Lake
City and Seattle / per cent: and
Birmingham, Memphis, Portland,
Ore, Savannah and Scranton less
than five-tenths Of per cent. In
three cities, Butte, Charleston,
s. c., and Little Rock, there were
decreases Of less than fiYe-tenths
Of per cent.
The Washington times., 1930-10-21
General Ad. Report
ShOlUS Net Increase

NEW YORK, Oct. 21.-General
Outdoor Advertising Company and
subsidiaries reports for the quar-
ter ended September 30 q net
profit of $437 ,2S1, after interest,
depreciation, amortization, Federal
taxes. etc., equal, after preferred
dividend requirements, to 42 cents
a share. This compares with
1904 ,296 in the same quarter of
1929, equivalent to 81 cents q
common share.
For nine months net profit was
$4S9.915, equal after preferred
dividend requirements, to $3.50 a
share on the Class A stock, against
$1,566,810, equal to $1.63 a share
on the common in the first nine
months of last year.
The Washington times., 1930-10-21
Equipment
Demand ImDrOUes

Demand for electrical equip
ment improved noticeably in the
Eastern, New England and South
eastern markets during. the past
week, but business elsewhere con.
tinued on q restricted basis, re.
ports Electrical World.
The accelerated call for equip
ment Is more pronounced, COM
ing as it does after a week in
which sales levels touched the
current years low point. Com.
mitments are running in higher
volume than for several weeks
and inquiries are keeping pace,
particularly those from central
stations and industrials. Large
producers in New York and Phil
adelphia are reported doing q
substantial business. Inquiries in
these territories show q better
spread in different branches Of
industry for motors, controls and
auxiliary apparatus.
The Washington times., 1930-10-21
INLAND WATERS
TONNAGE Up

The volume of freight now car
ried annually on the United States
inland waterways, including the
Great Lakes, exceeds the ocean
borne tonnage of this country,
both foreign and domestic, by
nearly 5O,00O,0OO tons, according
to the review issued today by
Dominick & Dominick.
There has been a steady in
crease in the amount of freight
transported on the inland water
ways, the volume OF such traffic
in 1928 being more than double
the traffic in 1922. Plans for the
development of new waterways
projects and the improvement of
existing waterways indicate that
a substantial increase in water
borne freight may be expected
within the next few years.
A report on the situation says:
"The most important Ameri-
can waterways system, in point
of actual current use, is that of
the Great Lakes, whose annual
traffic apprOximeteS 10000
900 tons. The tonnage of Ameri-
can vessels engaged in trade on
the Great Lakes is practically
Identical with that of all pri-
Vately owned American vessels
operating on ocean trade routes.
"Next in Importance to the
Great Lakes system is the Mis-
sisSippi River and its many
tributaries. There Is now o nine
foot channel from New Orleans
to Cairo, and from that point,
the Ohio River, also dredged to
mine feet. affords a water route
: to the industrial region sur.
rounding Pittsburgh. Other
tributary rivers supply a barge
route from Tennessee, Alabama
and large sections Of the Middle
West to the Gulf"
The Washington times., 1930-10-21
STOCKS CALLED.
BARGAINS; TEST
| IS SEEN
Economist Declares Mart Is at
Crucial Point; This Called
True in "BIue Chips" Also
BY LEWIS HANEY.
Director New York University Bureau
Of Business Research and Former
Economist OF Federal Trade
Commission

Last week STOCKS LOST ABOUT
points on average. The indus
trials and utilities dropped
about 7 points. The rails de-
clined 21a points. Bonds showed
a little more resistance. but also
lost a fraction Of a point. clos
ing the week at q new low for
the year.
Liquidation by tired and dis
appointed holders was the chief
factor, and this condition is
likely to continue. Most stocks
have broken through all the re-
sistance levels Of recent years.
They are endeavoring to find
levels at which investors win
buy. Precedent now counts for
nothing. The only question is,
what are the issues really worth2
Crucial Point
But the market is at a crucial
point as regards the old "blue
chips" and other leaders OF
1928-1929. These are right
down to the levels at which they
were supported" last fall. The
big investors who bought them
then are now afraid they. too,
will "hreak through" Thus Q
test is at hand in this group OF
Telephone and Telegraph at
193A compares with 1874 at last
years low; Allied Chemical and
Dye at 200 compares with 1877;
with low Of So last year. Amert"
can Can and Consolidated Gas are
still above 1929 lows. But Steel
and General Motors have already
broken through.
The United States Steel forces
however, have taken UP a new re-
sistance level at 145.
It seems probable that these po-
sitions of the old bull leaders VIII
be severely tested, Certainly there
is q chance that they may be
broken through-not q certainty,
but q good chance. II their resist
ance points should be broken, 1t
is O strong probability that the
prices of these stocks would go o
good deal lower.
What Would Happen
If that should happen Amerf-
can Telephone might drop to 180,
American Can below 100 and
United States Steel to 1856. OF
course, this would probably not
happen all at once. There would
be a rally or rallies. But any de-
cisive break through the 1929
levels Of such leading stocks would
shake the morale Of large holders,
so that they would sell on q rally
and support would be lacking on
the next reaction.
But, remember, that this does
not apply to many good stocks,
which are already well liquidated,
and which not only pay over
per cent but earn it.
I am a bull on the United
States. I believe that the stocks
of our sound basic industries,
bougth at fair investment prices,
are the best investments in the
world. In fact, it is now time
for the bargain hunter to sharpen
his pencil and to figure on his
shopping list. AS the blue chips
fade and the red chips turn pink,
keep your eye on such sound In
vestment values as are developing
in American Smelling, Interna-
fiono1 TanoaY1k nT1lp TI1c Cen.
eral Foods, United Fruit, Timken
Roller Bearing, Continental Can
and Mathieson Alkali. Pick them
up in small quantities on reces-
sionS. AS they recede buy a little
more.
This is the time to be a bull on
the U. s. in stock market matters.
Why? Because it will bring
profits.
The Washington times., 1930-10-21
The TObaccOs

Cigarette production was lower
in September, though showing a
gain of $500, 100000 for the nine
months. The industry as q
whole Will probably not do much
better than last year at the
current rate as far as output Is
concerned but profits will be con-
siderably better due to higher
prices put into effect about q
year ago.
Yet well-informed sources be-
lieve that the cigarette COM
panies have about reached their
production and earnings peak
with perhaps one or two excep-
tions. American tobacco has
shown a steady expansion in
sales all year and is far ahead
of the industry as a whole. This
recommends the stock to the In
vestor. Liggett and Myers has q
consistent record Of earnings and
a high rating. These two are
the best in this group. The
others from the long range point
of view must be classed as Specu-
lative.
American Chicle and William
Wrigley held up comparatively
well during the crash. Both are
earning more money this year
than last. The former is we'll
regarded by a smart trader who
has been right on the market.
They are worth watching until
such time as the market gives
clear evidence of a turn.
I hear Gillette is undergoing
considerable "house-cleaning" as
result of the Auto Strop
merger. Rumor has it that Gil
lette paid many millions more
for Auto Strop than it had an
ticipated. Bullard is said to have
gotten good bit of Soviet buSi-
ness, but I am told it hasn't been
doing anything with its new Spe-
cial process. The Street isn't
guessing whether Montgomery
Ward will cut its dividend Fri
day. It is wondering how much.
Those in the know say that there
is still a good deal of liquidation
overhanging the market. That
is why a rally or two doesn't
get them all hot and bothered,
even though they may feel stocks
have seen the worst. Interna-
tional Nickel is expected to earn
only about IS cents on the COM
mon for the year, but the 81. divi-
dend is considered safe for the
time being. Any sign Of good
Christmas business will help the
store stocks. "
The Washington times., 1930-10-21
Packard Shipments i,
In SeDtember Gain

Packard Motor Car Company's
retail deliveries in the month of
September were "a per cent ahead
Of August, and deliveries in the
first 10 days of October indicated
that the current month will be
equally as good and probably
better than September, according
to II. w. Peters, vice president,
in charge Of distribution.
Current operations of the COM
pany are on q five-day week
basis with output averaging 100
cars daily.
The Washington times., 1930-10-21
Rubber Stocks
viii Increase

An unofficial estimate received
from London by the Rubber Elk.
change Of New York Friday
places the crude rubber stock
there in the report to be issued
October 80, at approximately 49,.
345 tons, as compared with 82,-
245 tons during the previous
week.
The same cable estimates that
the rubber stock at Liverpool will
remain about unchanged OF 37,-
224 tons
The Washington times., 1930-10-21
Wall Street
Hears:

That the interest which the
U. s. Steel Corp. (X) has re-
ceived on It's excess tax pay.
ments Is equal to more than 81
. share.
That Q small amount Of in
veStment buying has been COM
ing into General Motors (GM).
That the New York Central
(CN) dividend will be main
tained.
That an officer Of one Of the
largest banks In the city re.
ports Q pronounced increase In
odd lot buying throughout the
country.
The Washington times., 1930-10-21
PROFIT TAKING IS ADVISED
BY MARKET EXPERT
Hears Hoover Will Advocate Per Cent
Beer AS Prosperity Measure
By THE SPECTATOR

The market showed real backbone yesterday and brought
hs Of relief in Wall Street for this brief respite from
gloom Stocks opened higher and continued braVey ahead
until the close
Higher prices in the grain markets plus strength ON the
Berlin bOurse following the German governments victory in
the Reichstag favorable Developments.
The rise in stocks however probably as much due to
OverSold market anything ese takes than
rally to make rising market Pivotal stocks give evidence
Of high grade support but not aggressive buying.
II profits, advise taking them today and get
ting back to the side lines The market is much too risky
to play around with present.
The Washington times., 1930-10-21
Brazil to Buy Navy
Tune Planes Here

The Brazilian government is ne
gotiating for a number Of air
planes, similar in type to those
used in the American Navy, it was
learned today from an official
source.
The American Government has
interposed no objections, it was
learned, to the manufacturers sup
plying the Brazilians with planes
Of Navy design.
The Washington times., 1930-10-21
Extra Dividend bY
Charles F. NOueS

Directors Of the Charles F..
Noyes Company have declared an
extra dividend Of 5 cents a
share on the common and regu-
lar quarterly dividends of Is
cents on the common and $3.50
on the preferred. all payable No
vember !.
This Is the third consecutive
extra dividend declared on the
common stock
The Washington times., 1930-10-21
NEWS
In Today's
ADS.

FURNISHED OR UNFURNISHED
APARTMENT FOR RENT -
beautiful front apartment; living
room, bedroom, kitchen, dlHette,
electric refrigeration.
AUTOMOBILE FOR sALE-WIIIys-
knight Touring; good cOndItiOnI
come ont and see this car tOdayi
FURNISHED ROOM FOR RENT
Euclid St. N. W.; desirable single
room, second floor, adjacent to
bathroom; near cars; ~ week.
BUSINESS FOR SALE - BakeryI
$500 will buy you . wonderful cash
and carry business; owner retiring;
inspect at once; be your own boss.
CNFURNIsHED HOUSE EOR
RENT-22nd St. n. W.; nlne-FOOm
house, three fIOOrsj $50 month.
FOE SALE Oh EXCHANGE
$3.50; seven rooms, pOrches. FFlGId-
alFe, hardwood floors, oak fiRlsh
throughout. garage; like new.
These are "sidpli0kfs'' on some o. mani
advertisements V0u soiH find q
lAS BHsiasse serVtee Directory 81 t06arl
riRSas eAd RSrald Classified Ads.
The Washington times., 1930-10-21
Local Stocks

FURNISHED by W. B. Hibbs q Coz
Washington Gas, IS, A, $1,000
01O3h.
Washington Gas, IS, B, $1,000
01O6E2.
Washington Railway and Elec
tric, Is, $3.O00009A.
American Security and Trust
Company, 5@370.
Barber and Ross, CON-, 53015.
Chevy Chase Dairy, pfd., 5Q
1051s.
Mergenthaler Linotype, 100
9OA.
Peoples Drug Stores, pfd., 100
10014; 10000.
AFTER CALL
Washington Railway and Elec.
trio, As, $2,OO008924; $4,000
8934.
Washington Gas, IS. A, $4,000
1032s.
Washington Railway and Elec-
trio, pfd., 1O@98A.
The Washington times., 1930-10-21
3 Business Firms
See Gain in Week

OF 81 lines of business in New
York City reporting to Brad
streets last week, three were bet.
ter than, 81 equal to and "a be.
low . year ago. One line re-
ported collections better than q
year ago, 81 equal to a year ago,
and SO were below q year ago.
The Washington times., 1930-10-21
$245, 900 NeUU Price
For 'ChQnge Seat

Arrangements have been made
for the sale of q, New York Stock
Exchange seat for $245, 900, off
$4,000 from the last previous
sale,
The Washington times., 1930-10-21
Swapping Yarns

With the likelihood Of long
and dull winter ahead, the Street
is turning to an old favorite
paStime Of passing gossip, manu-
featuring yarns, etc.
One was that the banking kings
got together over the weekend,
concluded that things weren't
nearly as bad as pictured, and de-
cided to look more kindly on the
market. .
Another, and more interesting
one. was that Hoover was going
to kick the drys on the shins
and, so Dame Rumor has it, come
out for per cent beer in his
December message. The latter
gains some color from prepare
tionS being made by brewers to
get their plants into shape for
the end of the era of thirst"
And arguments for this sound
good from a business point of
view. Breweries would employ
thousands now idle, thus alleviat-
ing unemployment. They would
use countless quantities of grain,
another big help now. Plus many
other good reasons, not the least
OF which would be the end of
national farce, alias prohibition.
I hear aggressive buying came
into Case Threshing when it broke
100. Case is a stock 1 would want
all my friends to own when it
gets going, for it certainly can
be a fire brand on the upside.
But now is the time to watch,
not to buy. Case earned lot of
money in the first half, it is
said, but the second halt was
bad, with falling grain prices and
impaired farm purchasing power.
WOOIwOrth
Woolworth attracted consider
able attention and favorable COM
ment by its sturdy action during
the break of the past two weeks,
At its low it showed a good clear
ance above its bottom in June,
indicating strong buying on re-
cessions. Sales have been better
IN the past month and the holi-
day season is ahead.
Woolworth's s position is strength
ened by the fact that it gets
fixed prices for it's merchandise,
thus enabling it to benefit from
lower commodity prices and costs
Of production, though chances of
an increased dividend are bright
in the next year or so, the re-
turn at current prices is not at.
tractiVe and I wouldn't buy the
stock unless on a good sized re-
ceSSion.
Some formerly hearish on
Warner Brothers up through the
recent break are now more kindly
disposed to the stock. I am told
insiders have been picking it up
The Washington times., 1930-10-21

Unit sales OF Chevrolet, Pontiac,
Oldsmobile. Marquette. Oakland, Vik-
ing. Buick, LeSalle and Cadillac pass
enger and commercial cars are included
in the above figures
The Washington times., 1930-10-21

steadily, confident that the COM
pany will work out in good shape.
Those who have Warner might
well average If it gets back to
around its low for the year.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1930-01-03
$4,000 SHOW BARN
BURNS NEAR CAMDEN
Save Most Of Stock When Large
Building Is Destroyed. ! +

Fire of unknown origin last last
Saturday afternoon destroyed the
large barn on the late DR.. ]. Cardeeh
Cooper's farm south of Camden, en-
failing a loss estimated at more imam
$4,000. C..uo-
The barn was built by DR.. Cooper
25 wears ago, costing over $2O'OUU.
It was one of the best-built Darns
in Delaware and has been a sho"
mace of middle Delaware.
The part of the farm on whlc I1,l tne
barn was located is owned by Ihoe'
K. Hargrove, Of Camden. Eighteeni
head of cattle were rescued as wen
as ten mules and a number OF NOES
-Four heifers persisted in the names'
the fire being so intense nrehe =,
could not get into the building IL
time to release them. o
Fire companies Of Camden wy a.,
ming and Dover responded TO Cne
call but the fire had gained such q
Roadway that the building was Is, !"
mass of flames by the time the ana az ~
was turned in. There was some -
surance on the building. ~
Former State Senator l.. A De &c
Ter is owner and occupant OIL the e
Cooper home on the farm wheTe NV
fire occurred.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1930-01-03
PLAN NEW ADDITIONS
FOR STATE HOSPITAL
Nurses Home In Project at Farm
hurst Institution.

Bids on the construction OF three
new buildings at the Delaware State
Hospital, at Farnhurst, were opened
last Friday at a meeting OF the spec
ial committee of the Board OF Trus-
tees. The contract was awarded at
a meeting held Thursday.
]. A. Bader and Co., Wilmington
contractors, were low bidders win
their estimate of $685. ADJ for build
ing a three-story observation clinic,
a two-story nurses home and a three
story continued treatment building.
These contractors built the Piazza
Theatre. The H. John Holman Com
pany and the John M. Yardley Com
pany, both of Philadelphia, submit
ted the next lowest estimates, $751;
239 and $SSS,61S.
The special committee headed by
Fred H. Gawthrop, president OF the
Board of Trustees of the institution
decided to have the architects, Brown
and Whiteside and the consulting en-
gineer. Robert P. Schoenijahn, make
a study of the proposals of the three
lowest bidders and to take their de-
cision on the award at the meeting
of the Board of Trustees Thursday.
Other members of the special COM
mittee which opened the bids were
state Senator Harvey P. Hall, Smy-
rna; r. Henry Grier, Wilmington
and DR.. Lewis Booker, New Castle.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1930-01-03
STATE POLICE ARREST
CARELESS MOTORISTS
Those Who Failed to Heed Warming
Arrested for Using Old Tags.

Notwithstanding the fact that the
Automobile Department has been
warning them for several weeks past
to get their licenses early and use
them on January list, many motor
lists failed to do so and were arrest
ed on Wednesday. In some instances
those driving the cars were found TO
be without drivers licenses and adj
ditional fines were imposed for this
offense. Many motorists who failed
earlier to obtain their 1880 licenses
crowded the offices Of the Titling
Department at Dover on Monday and
Tuesday. 1t is estimated that fully
5000 licenses were issued on Mon
day and as many more on Tuesday.
The old State law pertaining to
automobiles give owners five days
in January in which they might drive
with last years tags. The last ses-
sion of the General Assembly pass
ed a new automobile code, however,
in which it is made mandatory on
the part of owners that they must
display the new tags on the first
day of January. The State Police
will continue to arrest any and all
persons found operating cars with
last years licenses. The Justices
of the Peace throughout the State
are imposing substantial fines on all
offenders.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1930-01-03
NC INTIRE WILL Lee
lTURE ON LINCOLN
Member of Legislature Has Fine Adj
dress on Emancipation.

On the evening of Tuesday, Janu-
airy Z, at 8 o'clock, at the Milford
New Century Club, George McIntire,
a member of the last Delaware
State Legislature, will deliver lee
ture on Abraham Lincoln: the Story
of His Wonderful Life and Supreme
Sacrifice.
This lecture is made possible
through a friend of education in
Delaware, acting through the State
Board of Education and the Boards
of Education Of the several districts
of the State.
The Milford New Century Club is
cooperating with the Milford Board
of Education, and will open the
Century Club room for this lecture.
There will be no charges of any
kind in connection with this occa-
SIGN. The public is not only invited
but urged to be present and near
this distinguished citizen speak.
A second lecturel will be given on
February 4th, 1880, in the same
Mace by Mr.. McIntire on the sub
iect. "The Soundness and Glory of
Victorian Literature"