davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-10-13
RAIL MAN SEES
UPSN|NG

Busine=s and economic Condi-
tions in the great Southwestern
quarter of the United States, the
territory served by the Missouri
Pacific Lines, are in excellent
condition, F. E. Pennington, gen.
eral agent for the company,
with headquarters here, declared
today.
Pointing out that in many in
cttances the commercial and busi-
ness trend in the Southwest is
above normal, Pennington added:
"The Rio Grande Valley of
Southern Texas, one Of the
most rapidly growing agricul-
tural and citrus growing
regions in the world, is con-
tinuing its development with
out a Iull, as is California and
the balance of the Southwest.
L. w. Baldwin, president Of
our railroad, recently made a
survey and tour of the region
and upon completion declared
that. the prospects for the
next few months were very en-
cOuraging and that the growth
and development of the rail
road would be assured through
the prosperity evidenced along
the lines.
"A large Improvement and
construction plan is now un-
der way by the railroad. The
program has been enlarged
and is increasing in vigOr rs
it nears completion.
Passenger service has been
improved and new modern
equipment added. A striking
example of this is the new
service between st. Louis and
Mexico City. Schedules have
been frightened up and on
some of the trains elaborate
inOvatiOns have been added.
"COnServatively. / may say
that the Missouri Pacific Lines
is in a splendid condition and
prospects for the fall and 1881
are most promising"
The Washington times., 1930-10-13
OT|S COMMON
NET GAINS

The Otis Elevator Company
reporting for the quarter ended
September 80, showed a net in
come of $2.022,37l equivalent to
96 cents a share, compared with
S1,863,62 or 38 cents a share
in the corresponding 1929 quar-
ter.
In the nine months ended
September 80, net income totaled
$5,215,S69 equivalent after pre-
ferred dividend requirements to
$2.46 a common share on 2000,-
900 common shares. This COM
pares with $5,625,177 or $2.66 a
share on the same number of
shares in the like 1929 period.
Botany Consolidated Mills, Inc.
Six months ended June 80 net
deficit $1,850,430 against deficit
$568.086 in the like 1929 period
Gramophone Co.. Ltd. - Year
ended June 80 net profit S841.-
931 against 1,l51,51O in the pre-
ceding year.
Allen Industries, Inc.-Nine
months ended September 80 net
earnings $156573 or 1872 a share
against $187,007 or 1924 a share
in the like 1929 period.
Wisconsin Hydro Electric
Eight months ended August 81
gross after taxes and expenses
$412,097 against $408,023 in the
like 1929 period.
Nevada-C Cal. E1ec.-Year ended
August 81 operating profit So.
O17,950, against $3,111,0 ,009 in the
preceding year.
Sierra Pacific Elec.-July net
income $69,941. against $4e,82a
in July, 1929. Year ended July
81 net income 1928 1876, against
$631 .48O in the preceding year.
Penn-Dixie Cement Corp.-Year
ended September 80 net income
$4l7,192 or $307 a share on the
per cent preferred shares.
against $686.O72 or $5.05 a Share
In the preceding year.
B ngor Hydro-Elec. Year
ended August 81 net income
$847,352, against $757,989 in the
preceding wear.
The Washington times., 1930-10-13
IS
TRADE FACTOR

MERIDEN, Conn.,. Oct. 49,
That advertising is a propelling
force in American business is de
monstrated beyond argument by
the fact that American business
does more advertising than all
other countries combined" said
George H. Wilcox, chairman In
ternational Silver Co.. here today
in an interview with Sturges Dor
rance, of Dorrance. Sullivan &
Co. He said:
1--WE are convinced that ad
vertiSing has contributed in no
small degree to the position
tina: American business Occu.
pies in the markets of the
world.
advertising, for its present
day effectiveness, has, Of course.
been greatly helped by present
day facilities for overcoming
time and distance. 1t Is easy to
visualize the intensity of this
great business building force il
we try to imagine what would
have been the effect on the pro-
gress of the world at any given
time If advertising, with its
modern effectiveness and gear
ed to the speed of today could
have been dropped into the life
of that age.
"Just try to imagine existence
in 1880 with all advertising
eliminated. That picture, too,
helps to emphasize the great
ness of the role which advertis-
ing plays in our daily life.
advertising has been en-
plOyed by the international Sill
yer Company and It's Dredeces-
SOrS for over half a century and
and our opinion is based on de-
finite benefits that have result
ed to the company from its
long and consistent use of ad-
vertiSing".
The Washington times., 1930-10-13
7 BILLION DROP
IN EXCHANGE
LIST VALUES
Actual Decrease Is $751;
903,s94, Figures Compiled
to October | Indicate

The value of all the stock listed
on the New York Stock Exchange
on October 1 decreased $751;
903,894 to $60.143,183.105 COM
pared with $67,721, ,Os6, ,999 on
September /.
While the number of new issue
listed increased by only three the
number of shares listed on the
exchange increased ii 1,600,911 to a
total of 1,284,052,1 1876. The num-
Der of issues listed totaled 1912.
Loans Drop
Borrowing by members of the
Exchange on security collateral on
october l amounted to $3,481 ,452,-
761, compared with $3,593, ,633, ,069
on September l, and the ratio of
security loans to the market val
ues of the list stocks was 5.79,
against 5.31, respectively.
The average price of all stocks
listed on the New York Stock Ex-
change on October l was $45 "a
a share, compared with 1921 a
share on September / and 1924
on August /, 1890.
Table Shows
The following table of listed
stock classified in groups shows
the aggregate market values on
october / and September /:
The Washington times., 1930-10-13
BIG BANK DEBTS
SHOW IMP PROVED
CONDITIONS
Business Conditions, Measured
by Debit, Shows Gain
Over Week Year Ago

Business onditions during the
week ended october 4, 1880, as
measured by bank debts, outside
New York city, registered q
marked gain over the week Of
September q, 1880, but declined
from the corresponding week in
1929.
Wholesale prices as indicated
by the index of 100 commodities
showed fractional change from
the preceding week and were be-
low the level Of a year ago. Iron
and steel prices remained at the
same level as the preceding week
and like other wholesale prices
were lower than in 1929. The
price for middling cotton at New
York showed a slight increase
and red winter wheat at Kansas
City a slight decrease when con-
trasted with a week ago. Both
prices were lower than for the
same week year ago.
Loans Gain
Bank loans and discounts Of
Federal Reserve member banks
for the latest week recorded q
slight gain over a week ago and
were only slightly below their
total of a year ago. The average
prices of SO representative rail-
road and industrial stocks de.
clined from the prices of the
week ended September 27, while
bond prices remained unchanged.
Stock prices were lower and bond
prices higher than a year ago.
Time money rates were lower
while call rates showed no change
from the preceding week. Busi-
ness failures during the past week
were less numerous than week
ago.
Coal Output Up
For the week ended September
q, 1880, increases occurred over
the preceding period in bituni.
nous coal production and hog re-
ceipts at primary markets. De-
clines during this period occurred
in petroleum and lumber produc-
ton, wheat and cattle receipts.
The activity of steel mills showed
no change from the week ended
September 20.
Bank loans and discounts, bond
prices and the Federal reserve
ratio for the week ended october
4. 1880. showed increases when
compared with the period ended
October s, 1928, two years ago.
The Washington times., 1930-10-13
BANK CLEARING
OFF 14.2P.C.

Bank clearings in the United
States for the week ending Octo-
ber 9, as reported to Bradstreet's
Journal. aggregated $1O.O96, ,138,-
900. as against $11,770.953, 900
last week. and $14,365, ,096, 900 in
this week last year. There is
Nhere shown a decrease of 14.2 per
cent from last week and of 29.7
per cent from the like week of
. 1929. Canadian clearings aggre-
gated $342,183, 900. against 1854
7 426,000 last week and $414,334,O0O
in this week last year.
Following are returns for this
week and last, with percentages
of changes shown this week, as
compared with this week last
year 1000 omitted:
The Washington times., 1930-10-13
BETTER Times
PREDICTED
BANKERS

NEW ORLEANS, La, Oct. 13
US0 -Confidenc that the
United States is working slowly
but surely toward a prolonged
period Of prosperity, with better
times "just around the corner" "
Is prevalent among the invest
ment bankers of the nation, gath.
ering here today for the nine
teenth annual convention Of the
Investment Bankers Association
Of America.
} Improvement in business follow
ing dull periods is invariably
presaged by an enlarged demand
for investment securities, and in
veStment bankers, therefore, must
be keenly alive to the trend of
the times.
On Verge of Rally
The sentiment of the invest
sment bankers is expressed by
Trowbridge Galloway, of New
York, president of the association,
who. after interviewing delegates
from all sections of the country,
expressed the conviction that the
nation is on the verge of recovery.
Approximately 900 delegates ar
rived during the day. which was
given over to committee meetings
and reports. The general sessions,
at which the various problems Of
the investment business will be
discussed starting tomorrow and
continue through Wednesday.
Group DOubly Hit
Because of the difficulties met
by the investment banking busi-
ness, affected first by excessive
speculation, and later by della
tion, it is expected this years
convention will be among the
most productive in the associa-
tion's history. said Mr.. Galloway:
1--WE have been through a
trying experience, nevertheless
, only a few of our working force
is absent. The organized in
veStment banking business of
the country is working with
a very definite conviction that
better times are close ahead.
/ find out men from all parts of
the nation are calmly Optimis-
tic, undiSturbed by the vague
fears that have been so pre-.
valent."
Tomorrow the convention will
be officially welcomed to New
Orleans by George w. Robertson
of the Canal Bank and Trust
Company,
The Washington times., 1930-10-13
Three of Family
Killed bu Train

CRAWFORDSvILLE, Ind, Oct.
Is 1N.S).-Three members Of
one family were killed and three
children Of the same family were
seriously injured yesterday when
their automobile was struck by
a train at Waynetown, near here.
The dead were Herbert Neal,
40; his wife, 3s, and their daugh.
ter. Ruth, IS. The injured chill
dren we're Kenneth. 10; John, IL,
and Russell. Is months.
The Washington times., 1930-10-13
risky
AFTER RALLY

There is a divergence of opinion
as to the advisability of making
new commitments at present
levels in brokerage circles today.
While some brokers think that bar
gains in sound dividend paying
stocks were obtainable at present
levels, others opine that it is risky
to enter the market after last
weeks sharp technical rally.
A steady market without re-
newed signs of selling pressure
might be all that we should rea-
sonably expect.-HORNBLOWER
& WEEKS.
Value can and should assert
themselves again.-BAAR, COHEN
& CO.
Dividende paying commo n
stocks of first line companies are
cheap at the present levels.-M. j.
MEEHAN & CO.
Would not advise making new
commitments at levels prevailing
at Fridays close.-EMANUEL &
CO.
Do not feel justified in making
commitments on top of the sharp
rally.-OTIS & CO.
Conservative traders snould take
advantage of the situation to buy
sound stoCks.-TOBEY g. KIRK.
Many stocks are not only at at
tractive levels but at bargain lev.
els-E. F. HUTTON & CO,
Would not follow the present
rally.-JOHN MELADY G. co.
Continue to observe a conserva.
tive attitude.-JOHN MUIR g. CO.
Do not anticipate any renewal
OF market weakness in the near
future.-CUSICK, KENT & co.
The Washington times., 1930-10-13
China Gives Grant
To SUQar Firms

HAVANA. Oct. 13.-B. Lam. a
Chinese merchant, and three Gu
ban sugar representatives, have
sailed for New York en- route to
China, where they will act under
the name of China Sugar Corpo-
ration. They will establish a re-
finery there under a commission
from the Chinese government,
which for 80 years will allow them
to import free of duties 1000. 900
tons Of sugar annually.
The Washington times., 1930-10-13
Financial Market Nes Stocks Bonds Commodities and Comment
BALTIMORE PRODUCE

EGGS
On the Baltimore Butter and EgR
Exchange there were no offeringa
Street sal"s. market steady. Small lots
nearby current receipts. candled, $40
3Sc hennery whites, large size, 40 r
42c. puilets. as to size. IS 03Sc. Re-
ceipts, butter. s04 tubs. eggs, 1877 cases,
LIVE POULTRY
Chickens--Youuw, colored, as 10 aize,
22@27c; leEhorns, as to size. 20 a. 23c.
Chlckeps-old. heavy. 24@25c: medium.
ts O zoe; Ieghorns and other light
stock i4+ lsc; ROSTERS, 14615c.
y Dueks-Young, White !'ekins, four
pounds ana over. II 1920; Muscovy,
four pounds and over, 10000: Puddle,
four pounds and over, 1591sc. Ducks
old all kinds, 1890.
Guineas-Youngi as TO size, 50465C
each.
The Washington times., 1930-10-13
Mrs PinchOt Asks
WOnen For Loyalty

IANSDALE, Pa, Oct. 13.-Mrs.
clifford Pinchot made a stirring
r3lea for party regularity in an ad-
dress before North Penn Valley
Republican Women at the home
of Miss M. ~ Hopper Morgan,
MONTGOMERY Square. .
She appealed to the women Of
Montgonery county to assist the
Cause Of her husband because he
is looking out for the interest Of
the people,
The Washington times., 1930-10-13
ALn1Gr Stores Get
FriendLu Receiver

The Almar Grocery Store chain
has been placed in hands of
equity receivers in a friendly
stockholder and creditor suit in
Philadelphia. 1t is claimed the
company is not insolvent but in
temporary financial straits.
The Washington times., 1930-10-13
PRODUCE SHIPMENTS

Car-lot shipments reported for the
entire United states for Friday,
October 10:
Apples-Idaho 1s4: Maryland. 20;
New York, 126: Pennsylvania. IS; Nir-
gina. s5; Washington, 5s5. Others
AS Total l421.
CabbaSe-Colorado, so: Minnesota.
10; New York 1903; Virginia. 4; Wis
consin. 81. Others s. Total 245.
Grapes-California, 1,24S: Michigan,
IS; New York, 1o1; Pennsylvania. IS.
Total 1.419
Potatoes-Colorado. 14S; Idaho, 129;
Island, II; New York, Is. Others Ss7.
Total 1,141.
The Washington times., 1930-10-13

Stockholders in American cor
porations are increasing rapidly
as evidenced by an extensive sur
vey undertaken to determine the
changes which have taken place
in leading corporations in the
past five years. Many of these
companies, a decade ago, num-
bered their partners in the hun
dreds and lower thousands, while
this year ten ana hundred thou
sand figures are quite common.
The six companies having the
largest lists of common stock
holders include American Tele-
phone & Telegraph Co. with
492, ,088 as of March 81, last:
Cities Service with $4,000 ac-
cording to latest figures at the
end of 1929; General MotocE
with 1882 as of March 81,
last; Pennsylvania railroad with
191, ,079 at the end of 1929; u. S.
Steel with l28,594 at March 81,
last, and Standard Oil Co. Of
N. J. with 103,689 at the close
of last February.
For 1,070 companies reporting
for 1880, excluding joint stock
land banks and finance com
panieS, their total outstanding
shares were 965.S8O,017 having a
stated capital value of $27,735,.
671,359 and funded debt of $13.-
52,326,128. A few companies did
not report the number of stock
holders but for 1,O47 companies
the common holders aggregated
5,329,444 and preferred holders,
1,587,647 for $50 companies.
Ratios of increase in common
stockholders of railroads, utilities
and industrial companies and
holders of bank and insurance
stocks, both tor the five.year
period and for one year, as given
below:
The Washington times., 1930-10-13
Grand Union Sales
UD rs Pct. in Sent

Total store sales of Grand
Union Co. for five weeks ended
October 4 were $3,473,469, com
pared with 1922, ,0S1 for the cor
responding period of 1929. an in
crease of $251,368 TO 7.S per cent.
The Washington times., 1930-10-13
Holdings Grow

An outstanding influence af-
fecting the ownership of specific
groups is the formation, in the
past two years, of numerous hold
ing companies and investment
trusts, the latter a comparatively
new institution to the American
investor.
The railroads reflect the influ-
ence of holding companies to a
greater extent than any other
single group of securities, The
increase in their common stock
holders, amounting to 81 per cent
in the past five years, marked the
smallest gain to be recorded OF
the various groups.
A factor chiefly responsible for
the tendency to concentrate rail
holdings in fewer hands is the
movement which has been under
way for several years looking to-
ward Eastern trunk line consoli-
dations. AS an outgrowth Of this
trend many railroad companies
organized their own securities
affiliates to acquire holdings in
other carriers. =.
Banks also should be mentioned
as coming more and more under
the influence of holding com
panies, in line with the establish
ment of cham banking on ma
tional scale. although the indivi-
dual owners of bank securities
registered the largest percentage
increase of any group.
The Washington times., 1930-10-13
Stockholders in American
Firms Set Record

utilities and industrial groups de.
creased in number during the
year ended March 81, last; in the
railroad group a negligible in
crease was reported. The invest
ment trusts on the other hand
exhibit a large gain in number Of
preferred holders. The changes
in each group in the five-yesr
and onN car periods, respectively,
are shown below.
Preferred Holders, Five-Year Period
Mar. 81, Mar 81, Mar. 81,
1890 1929 1928
p,i,roods 167,02s ts7,190 1s7,404
IEt'iitiss ses,s9G 567.s79 375.4S6
frdustriaIs 49s,o97 $50, 294 447Ss3
Preferred Holders, One-Year Period
Mar. 81, Mar. 81,
1880 1929
p.ilro.d, 1892
I.tiIities .,.,... 5sS,701 594,0S5
Investment Trusts 500. bl'eli ~ ~
Industrials ............ blS,oVo p4V' i'o
The Washington times., 1930-10-13

' Total So, .,....t.:. 342,lSS - So, .ct.I t3o
nonparisons incomplete
The Washington times., 1930-10-13
DmmOn Holders, Five-Year Period
Common Holders. One-Year Period

Preferred stockholders of the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-27
$500 would melt quickly before any
show Of military force.

$500 would melt quickly before any
show Of military force.
The real purpose Of the radical Conn
munlists in this country Is not to carry
into deeds the words Of their orators
who shout for class warfare by force
Of aims, but to subvert America by Sc
ductfve sedition. It is to be doubted If
they are making any progress except
among those who are already tainted
with radicalism, and in the aggregate
these are very small percentage OF
the population. Yet the process must
be watched and its progress noted. as a
means of defense against an outburst
of hysteria at some crisis in national
affairs (which could do much DAMAGE
for short time.
The vdsit of the congressional COM
mittee to the two Communist CAMPS
was in itself full verification Of the
charges brought by Grover Whalen,
former police commissioner Of New
York, which led TO the provision for
this investigation. It is plainly EVIL
dent that there is in motion in this
country subversive propaganda d.
rected from Russia, and that the
American Communist leaders are but
the agents OF the Third Internationale
at Moscow.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-27
Both Parties Inflicted With
Impediments i'm the Campaign

positive substitute for the scheme of
the Farm Board and of Mr.. Alexander
Legge.
The reason for this hesitation will
be, and Is, that every known substitute
scheme-such as the equalization fee"
and the export Observation-Disclosures
in effect Federal governmental facili-
tating of agricultural exports to be sold
at lower prices abroad than prevail
here, and foreign governments during
the last few months have made 1t per-
fectly clear to our Government that
they win greet any such maneuver on
our part with drastic reprisals on
theirs. Numerous British politicians in
particular are only waiting for the
American Government to grant export
favors to American wheat In order to
come forward with plans already pri-
vately highly developed for penalizing
American wheat at Liverpool and for
correspondingly favoring wheat from
Canada.
In Farm relief, then, as in tariff, in
consequence of the low prices which
today dominate the whole world, and
in consequence of international reac-
tionS to national maneuvers, both our
parties are grievously afflicted with I'M
pediments in their customary political
speech. The coming congressional cleo
tions will see the Republicans defending
without instant proofs and the Demo-
Gratis denouncing without concrete rem
edies and the voters probably taking,
it is neutrally thought here, q safe
sporting chance on some change, but
not q revolution.
(Copyright. 1897
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-27

says that It 10 her last attempt TO wresi
the crown from Wood. who has held q
since 1870. Her new boat a powered
with two nine hundred horsepower mo-
tors and was built to attain speed OF
one hundred miles an hour, the as YET
unreached goal OF every boat enthusiast
Just before he met his tragic death
MAJ Segrave set up new world
record for straight-away speed when he
piloted his sleek craft on Lake ,winde-
mere, in England, at better than ninety
eight miles an hour. Gar Wood had
previously been the undisputed king of
the boat speedsters with ninety-three
miles an hour.
1t was Mai. Segrave's intention to
bring his boat to America for the
Harnesworth race, just as Miss Car
stairs has done. and they were both
keen TO make things hot for the Wood
brothers. Segrave's death removes a
sportsman and . challenger of the
highest caliber, but Miss Carstairs is
determined to carry the colors of Eng
land for both Of them. Woods Miss
America VII is an exceptionally fast
craft, having reached an unofficial
speed of more than ninety-six miles
an hour, but IL Miss Carstairs, with the
condition Of the water unfavorable,
can attain ninety miles an hour, It
should be race all the way. Here Is
hoping that the best man. or woman,
viii win.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-27
Communists in Camp,

Members Of the House Of Representa-
tives committee conducting an investi-
cation into radical activities in this
country paid visit on Monday to two
camps in New York State conducted by
Communists. They were received with
boos and jeers, cat-calls and denuncia-
tory speeches. They were frankly told
by the Communist orators that the
members Of the camping parties. men
and women, are in training for q "class
war" that is to come in this country.
One Of the speakers said:
We will work and fight for Soviet
government here. We win turn our guns
against our bosses and exploiters. The
dikes are broken and the rising tide is
already coming in. You stand Ike King
Canute and try to stop the tide, but the
waves won't mind you.
This is about as explicit as any of The
radicals become in their public express
sionA. They do q good deal Of talking
about the "class war;" about taking
Up arms" and that sort Of thing, and
the Implication Ia plain that they ART
referring to q physical attack upon the
Government and society. But, Of course,
nobody thinks that actual warfare is
the immediate objective Of the Moscow
inspired reds who are conducting
schools Of sedition, training youngsters
In Soviet suhyersion and maintaining
training camps. If there were "call
to arms" it is believed that less than
5000 would IN all this country align
themselves with the possible fighters
against the sstabliahed ordes. and these