davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-10-03
SURE ETY. Fl RIM
PREMIUMS OFF /

Net premiums received by the
National Surety Company, for the
eight months ended August 81,
amounted to $12,140,739. against
$12,90O, ,270 in the corresponding
period Of last year, a decrease Of
$839,531.
A large part Of the decline was
due to the company diScontinuine
writing certain lines of business.
Earnings for the eight months
period from all sources were ST.
551, ,695, and dividends paid
amounted to $1,125, 900. August
earnings from all sources were
$497, 1882.
Income from investments owned
by the company amounted to ST.
332, ,462, and the appreciation in
the market value Of investments
between December 81, last and Au
gust 81, was $584, ,484.
Capital stock amounted to $500,
900 shares Of $50 par value. Sur
plus and undivided profits totaled
$10,776,128, including the value
OF 10000 shares Of Insurance Sc
curitieS Co, Inc, stocks.
The Washington times., 1930-10-03
'FOX FILM SHOWS
/ EARNING GAIN

Harley L. Clarke, president Of
Fox Film Corporation, in a state
ment of tentative earnings sub
mitted to stockholders shows
gross revenue for the 80 weeks
period ended September q, 1890,
Of $34 ,496,124, compared with
$28,553, ,607 for the corresponding
period in 1929, and net income
before interest and Federal taxes
Of $12.295, 100, against $9,149, ,i04.
After deductions for income tax
reserve and interest charges bal
ance for common stock dividends
was $10,104, ,194, against $8,337,-
1876, an increase of $1,766, ,998, or
II per cent. The amortization of
inventory Of films, including par.
ticipations, increased $3,710, $3.50.
If the same rate of amortization
Of film cost as used in 1929 had
been maintained the net earnings
would have been So, 800, ,692 greater.
The statement does not take
into consideration the earnings Of
the Loew'S, Inc, common stock
owned by the corporation other
than actual dividends received,
amounting to S991, $50. Had the
interest of the corporation in the
equity earnings of Loew'S, Inc,
been added to the above the total
earnings for the common stock
would have amounted to approx.
mately $40 per share for this 80
weeks period.
During this period the reorgani.
Zation occurred and all charges
due to the reorganization were
taken out of the reserve set up
for that purpose as these were
not proper charges against op-
Grating expenses. Mr.. Clarke says.
In his letter Mr.. Clarke says:
"The management of your
CORPORATION is confident that
earnings for the remaining Is
weeks Of its calendar year win
show substantial increases over
those reported for previous
quarters in view Of many i'm
pOrtant productions soon to be
released"
The Washington times., 1930-10-03
Detroit Stock Elk.
Sets Brokers' Rates

DETROIT, Oct. 3.-The board
Of governors of the Detroit Stock
Exchange has voted to reduce
brokers' commissions on bank,
trust and insurance company
stocks, effective October /. The
new rates are so cents per share
on stocks selling under 500: IS
cents per share from 500 to
$50; 81 per share from $3.50 to
$500: $1.50 per share from $500
to $3.50. and 50 per share at $3.50
and above.
The Washington times., 1930-10-03
Lou Prices Cause
Three Suspensions

/, Owing to Improbable prices,
three firms engaged in the manu-
facture of amber and brown
grades of crude rubber at Singa-
pore have suspended operations,
according to cable advices to
members Of the Rubber Exchange
Of New York. There are now only
four Singapore firms producing
these grades to remain in opera
ton.
The Washington times., 1930-10-03
Blair Citizens Hold
Meetinu on October !

SILVER SPRING. Md, Oct. 5
The Blair Citizens Association
viii hold its regular meeting Tues.
day evening. October 7, in the Sill
yer Spring -Takoma High School.
When the business session is
concluded, a burlesque by mem.
bers Of the organization will be
presented. Refreshments will be
served, after which the awarding
Of the prize in the membership
contest will be done.
The Washington times., 1930-10-03
Experts Plan NeU
Study of Taxation

KANSAS CITY. Oct. 3 1N.SJ. =.
Taxation, the unSolved problem of
government after centuries Of
study, will come up again for
Iambasting and review here, Octo-
ber 20 to "a, when more than 500
tax experts from all parts of the
United States meet for the an.
nual convention Of the National
Tax Association.
Government and corporation
tax experts and economists from
large universities will make up
the group Of distinguished figures
that will attend the meeting.
The Washington times., 1930-10-03
MOVE ON To BUY
RAILROAD

The Pittsburgh and West Vir-
ginia railroad, through the Taplin
Brothers, today asked the Inter
state Commerce Commission to
issue a conditional order giving it
authority to acquire control of the
Wheeling and Lake Erie. and its
subsidiary, the Lorain and WesL
Virginia.
C. v. Burnside, assistant finance
director OF the commission, has
recommended that the Pittsburgh
and West Virginia application be
denied.
The Washington times., 1930-10-03
Tariff Commission
Speeds Procedure

The newly formed Tariff Com,
mission announced drastic re-
vision of its rules on procedure
to expedite consideration Of rate
changes.
At the same time, the commits
Sion's personnel was virtually
completed with the designation
of Thomas Walker Page. Of Vir-
ginia, as vice chairman, and the
appointment Of Leland Harrison
as chief Of the international re
lations division.
The Washington times., 1930-10-03
Time for School Bids
Extended TIM Weeks

ROCKVILLE, Oct. 3.-Bids for
the new Chevy Chase elementary
school. which were to have been
opened October /, will be received
instead october 16 at 3 p. M,
at the offices of the Montgomery
County Board Of Education, in
the Rockville High School, Edwin
Broome. superintendent Of schools,
announced today. The building
viii be erected on Rosemary
Street.
The Washington times., 1930-10-03
Schedule in Thomas
RnNkrNDtcu Filed

The bankruptcy schedule Of the
J. Benson Thomas Realty Com
pany, against whom involuntary
proceedings were instituted after
the death of j. Benson Thomas,
it's president, reveals debts Of
$66, 6,070.46 and assets of $39,613
"a, according to creditors repre-.
sented by Attorney j. J. Wilson.
The petition was filed after
Thomas body was found in the
Potomac River, after he had been
missing several days. It was
alleged preferences had been
shown certain creditors.
The Washington times., 1930-10-03
BY LEWIS HANEY,
Director New York University Bureau
of Business Research and Former
Feenonllst of Federal Trade
Sl.,.nv..Raafnm

OF DWAAuGH8 AD1C@ANAA ss@%~@ =
Eeenomlst of Federal Trade
Commission.
Sometimes we make a mistake
in favoring an industry or a stock
which holds up against a general
downward trend. Sometimes we
become too pessimistic over a de
cline.
AS a matter Of fact, it Is often
the wise ling to BOW to q storm
If business in general is depressed
1t is normal and natural that
earnings should decline. In 9
depression period Of the regular
business cycle, the average bust
ness should decline. It's recession
merely shcs7s that it is in ster
with the general situation.
That q business falls off about
In proportion to the average, is
best sort Of evidence that 1t
viii pick up again.
When general business turns
up, as it will in time, the reces.
sion in any given industry sim,
ply means that it will participate
in the general recovery. It has
cleaned its house, sold excess
stocks, introduced economies and
is ready for the upswing.
Buy for the Failure
T would not consider it a bad
indication that earnings in the
steel industry fall off. Why
shouldn't they? Don't try to
find an industry that shows no
decline in earnings. Try to find
one which is efficient and that is
so important that it is bound to
share In the ultimate recovery.
The main point is that the
price Of the stock should be
cheap with relation to the divi-
dend that it pays, and that the
dividend should be relatively GER
The Washington times., 1930-10-03
Here and There

An oft-qucted bear active in
the current break said he would
go after Case Threshing and
international Harvester next.
Continued strength in grains is
apt to upset his apple cart, how
ever.
There is said to be q large short
interest in American and Foreign
Power. The cream Of this has
probably been covered, but anna
teurS have been increasingly ac-
tive on the short side Of late.
Lambert is expected to earn as
much this year as last. The
company showed over $40 on the
common in 1929.
New commitments in Ment-
gomery Ward are not advisable
for the present. Sales are. run
ming well under 1929 and profits
viii probably show q commen-
surate drop. There is consider
able doubt that the company
will maintain its current So divi-
dend. and a liberal cut is ex.
pected in wellinformed quarters.
The Washington times., 1930-10-03
Federation of Labor
To Discuss DRY LGuU

BOSTON, Oct. 8. Q.N.S.'
The unemployment problem and
the question of light wines and
beer will be under discussion at
the fiftieth annual national con-
Vention of the American Fedora
ton Of Labor, which. opens on
Monday, President William Green
said today upon his arrival from
washington.
President Hoover viii speak at
the opening convention session
Monday.
The Washington times., 1930-10-03
Weeks Electricity
OUTPUT 3.2M LOUeT

Production of electricity by the
electric light and power indus
try Of the United States for the
week ended September 81 was
1,704, 1885, 900 kilowatt hours, ac-
cording to the National Electric
Light Association. This is 80 per
cent below the figure for the
corresponding week in 1929, but
still 5 per cent above the figure
for 1928.
The Washington times., 1930-10-03
DuQuesne Drills
NeLD Gas Wells

Duqquesne Gas Corporation an
nounceS it is now drilling on
IL locations in Greene, Fayette,
WeStmoreland and Washington
counties, Pennsylvania. Since the
beginning Of the year the CDR
pOration has completed Is nat
ural gas wells and two oil wells.
The total number Of producing
wells is now 1874.
The Washington times., 1930-10-03
Banks Call Loans
For Settlement DQH

NEW YORK. Oct. 3. - The
eve of settlement day was marked
by a moderate firming IN call
money today when the rate for
renewals climbed back to 2 per
cent from the 15-year low level Of
ia per cent.
Banks called $42, 600, 900 loans
in preparation for the interest
and dividend payments.
The Washington times., 1930-10-03
Loans


The severity of the current
reaction was revealed in the drop
OF $159, 100000 in brokers' loans
for the week. The decline indi-
Gates the extent of the liquida-
tion and bears out the belief
that . good deal Of selling came
from banks to tighten up their
securities loads. Certainly public
marginal selling could not &C
count for this huge drop.
The figures also bear out the
reports in brokerage circles that
good buying had come into the
market around the low points OF
the break. This belief is strength
effed by the fact that loans were
unchanged the week before de-
spite steadily declining stock
prices, indicating strong box sell
ing and marginal buying.
Richfield OIL was conspiculously
weak, sinking to q new low for
the year and rallying only slightly,
when the rest Of the market
turned. Weakness in Richfield
reflects the disappointing report
Of the company on operations for
the first half.
Net was only 2 cents q share,
and outlook for the rest Of the
year is not promising in view of
the clouds on the petroleum
horizon. The tape says that
Richfield's So dividend is doomed.
YardstickS
A factor generally overlooked
In complaints that this and that
stock is selling way out Of line
on current earnings is past rec
ord. A prudent investor would
think at least twice before put.
ting his money into company
that. Just happened to make q
barrel Of money in Sneyear if its
record is spotty. Yet when a
company falls down in a year
such as we are going through.
everything is forgotten, except
that it hasn't done the miracle
act and made as much as the
year before. Take Steel earn
fngs this year probably won't be
much over SO a share. Yet
SteeTS earnings for the past five
years have averaged about SIS a
share.
Westinghouse, object Of con-
siderable bearish talk at the mo-
ment, is another. Westinghouse
isn't likely to make much over
So q share this year unless the
fourth quarter proves better than
expected. Yet Westinghouse
shows an average Of better than
81 q share for the last five years,
and has the added factor Of q
share Of radio for each share of
its capital stock. And there are
many other first-grade stocks in
this category.
Decline in Missouri Pacific to
q, new low for the year reflects
lack of aggressive market spon-
SorShlp and the general railroad
. situation more than anything
wrong in it's own situation.
mop" has done better this year
than most other carriers and
earnings will compare favorably
with 1929. The only unfavorable
factor in the situation is the
tangle over the manner of pay
ment, Of back dividends on the
nfeferred.
The Washington times., 1930-10-03
Pounds for Beer on
Wrong Door; Shot

CHICAGO, Oct. 3-Looking for
a beer fiat, Barney Corrigan, of
1926 S. Green ST., went to the
wrong address and pounded on a
door at TIA Sixth st. Gustave
Haarman, janitor, fired through
the door, painfully wounding him.
The Washington times., 1930-10-03
Commodities

i There has been evidence of ex
cellent buying in various COM
modities in the past few days.
Some Of 1t, of course, is specula-
tive in nature, but all has been
influenced by the belief that
commodities have been unduly
depressed and are somewhere
near bottom. Not only have the
grain markets felt this new pur.
chasing, but other staples as
sugar, cotton and cocoa.
With copper at 10 cents a
pound, the lowest since 1896, and
wheat recently at the lowest
level since 1906, the reason is
clear. Recent statements indi-
The Washington times., 1930-10-03
EARNINGS SHOW SLUMP

NEW YORK. Oct. 3.-GroSs
earnings of the Commonwealth
and Southern Corporation and
subsidiaries in August, were $10,-
735,624, compared with $11,S92S
73O last year
The Washington times., 1930-10-03
STILL ADVIS Sc D !
BY THE SPECTATOR
Despite Improvement, Market Expert Ad-
vises Trading Be Left to Professionals;
Brokers Loans Drop Aids Trend
Rv TW SPECTATOR

The market Is showing little more backbone Stocks
before the close yesterday after acting poorly most
Of the session The 600 decline in brokers loans
and strength In the commodity markets another
Short covering probably accounted for most Of the buying
Stocks whole however aren't acting aggressvey enough
70 invite commitments. Tuesday have seen the low
stick to the sideines.
The Washington times., 1930-10-03
Financial Nes Stocks Bonds Commodities and Comment
Leaf Tobacco

Maryland Receipts declined TO
I,415 hogsheads, while sales to-
tailed 1908 hogsheads. No fur
ther change in prices, all 6. sdes
selling very high.
Ohio Receipts, 48 hogsheads;
sales IS hogSheadS.
Maryland prices (per 100
pounds) inferior, 5000: sound
common. $10@22; good common,
$22.50@32; medium, $3250@ 40;
good to fine, red, $40.50053;
fancy, $53.5O@54. Seconds
Common to good common, 500
IS: medium, $25.5O@ 35; good to
fine, $35.50@45; ground leaves,
nominal; upper country hurley,
5000.
Ohio prices (per 100 pounds) -
Inferior. $768; sound to good
common. $9@12: meclif1-.. to, good.
$4,000: light red, $14@25. Span.
gled-C Common to medium. SAG
20; good to fine yellow, $30050;
hurley, air-cooled, nomi i.
N. B.-Unsound and badly
mixed packages from &c to SC
lower.
The Washington times., 1930-10-03

cate that industrial leaders realize
the situation and are taking adj
vantage Of It. This is 3 good
sign for stabilization Of COM
modify prices must take place
before any sustained improve
ment In business and security
values can take place.
Those who can vision the
future must consider United Air
craft q cheap speculation around
current levels. Aviation is yet
in its infancy, and United is the
leader in the field. There is
every likelihood that planes win
be made far safer than at pres
ent and win be brought nearer
the reach Of the average man,
thus opening up vast possibilities
for the industry: It was not so
many years ago that the automo-
bile was q new-fangled notion
also.
The Washington times., 1930-10-03
BANK STATEMENT
tEPORT OF THE CONDITIOl
OF the
Park Savings Bank

Or Washington, d. c., in the District
OF Columbia, at the close of busi-
ness on September ~, 1890.
New Britain herald., 1930-07-15
NOTABLES AID BAY STATE
 OBSERVE TERCENTENARY
Canadian Regiment and Crew of British Cruiser Take Part in
 Parade Before Governor

Boston, July IS P1Notables of the country and of foreign lands joined with Massachusetts citizens today in paying tribute to the found- CTS of the Massachusetts Bay col ony.
 The great meeting on the Com- mon this morning was to be ad- dressed by the Rt Hon. Herbert Albert Laurens Fisher, warden of New College. Oxford university. England. William Cardinal O'Con- nell was to offer the invocation, Governor Allen an address of well come and responses were to be giv- en by Mayor James NJ. Curley and Sir Ronald Lindsay. British ambas- sador at Washington.
 The famous Canadian Black Watch and the crew of the British cruiser Durban were among the military parade of 5000 uniformed men to march through the business section. An airplane escort was to lead them to the Common. The parade included units of the 18th (Yankee) Division ana detach ments of the regular army, marines and national guard.
New Britain herald., 1930-07-15
SPURNED BY GIRL,
 LOVER SHOOTS }
IA Year Old Child Dying, Man
 Dead, Sister Hurt

Washington, July 15 (UP)-Three hastily scribbled notes telling of his love for 14-year-old Mary Raff were all that was left today to explain why Ross Golden. 29. World war veteran, shot the girl and his sister. Mrs. Lula Mills, at the latter's home yesterday afternoon, and then killed himself.
 The Raff girl, who was graduated from the eighth grade only last month, was near death today, bull lets having struck her in the face and chest.
 Mrs. Mills, whose condition is not serious, told police the shooting oc- cured soon after she heard sounds of quarreling in an upstairs room. Hearing a girls scream, followed by a shot, she said she ran upstairs and met her brother at the door. When she resisted his efforts to keep her from entering the room, Golden fired at her once and then turned the gun on himself, Mrs. Mills said.
New Britain herald., 1930-07-15
SAUNDERS 10 FACE BANKRUPTCY COURT
Chain Store: Head Named in
 Involuntary Petition

Memphis. Tenn, July 15 P- Clarence Saunders. who lost mil lions in a battle with Wall street bears in 1923 and then "came back" to organize his second nation al system of chain stores, was direct ed to appear in federal court today to answer a petition in involuntary bankruptcy against one unit of his present chain.
 Today's proceedings also asked a receivership for the unit. the Clar- ence Saunders Stores. Inc, which operates about 150 of the 450 stores In the present Saunders chain. The Clarence Saunders Pacific corpora tion and the Clarence Saunders Cor- poration, owners of the royalty rights, are not involved in the suits.
 Saunders in a statement said the "proXimate cause of the difficulties of the particular company involved' was the refusal of a New York and Chicago banking syndicate to extend a loan for S50O.00O which exer- cised other creditors to the extent that the credit of the company was destroyed"
New Britain herald., 1930-07-15
FAILURE MARKS
 GRAPE COMBINE
S8,00O Acres More Needed to
 Make Plan Possible

Fresno, Calf, July 1 , tP-Failure today marked the initial efforts to organize California's s4OO.000 grape industry into federal farm board sponsored cooperative.
 Attempts to sign up S5 per cent or 441,000 acres of vineyards failed by 3S,000 acres on the basis of reports last midnight. when the campaign officially closed.
 The campaign will be continued in the hope the government will car ry out it's financing program if the additional 38,000 acres can be signed before campaign returns are official ly checked.
 The farm board program calls for an advance of s20.O00,0 ,00O to the in dustry and collection of $l.50 from the growers for each ton of fresh grapes produced, the money to be used in buying up and converting in to by-products the 300,000 ton sur plus expected this year.
New Britain herald., 1930-07-15
STORM BREWING
 FOR LABOR GROUP
Indian Situation Causes Concern
 Fear Party Tolerance

London. July 15 Pl-There were signs today that a parliamentary storm was brewing around arrange ments for the round table confer ence on Indian affairs in London in October.
 Many members of the house of commons during the past few days have professed uneasiness as to the governments attitude toward the report of the commission of Sir John Simon, suspecting an inclina- tion on the part of the government to ignore the report and favor h. dian nationalist aspirations.
 Insist on Representation
 These members have become in creasingly insistent that Great Brit ain must not be represented at the conference by the laborite govern- ment alone, contending that as all shades of India opinion have been invited, the British delegation also must represent all parties in Great Britain.
 The conservatives at a meeting yesterday passed a resolution en- phasizing the value of the Simon report as a basis of discussion at tn } conference and urging that all Brit ish parties be represented there.
 The opposition intends to press the government for clear state ment of their intentions before par lament recesses for it's summer holiday. The government was un- .derstood today to be opposed 10 dealing with the matter before the holiday, and to hold that the com position of the British delegation is their own sole responsibility.
 Conservatives Plan Vote
 If the ministers refuse the opposi- tion demand, the conservatives will it was understood, move a vote of censure, which surely would be sup ported by all the conservatives and probably by many liberals including Lloyd George. If such a Censure IS carried the government undoubte2 ly would resign, the MinisterialiSt Herald said today.
New Britain herald., 1930-07-15
RUSSIAN BLIND MEET

Moscow, July 5 P}-The all Rus sian society of the blind opened its convention here today. Roll call disclosed the strangest assembly in the history of Soviet Russia and the fact that there are 235.000 blind in the Soviet Union and that 40 per cent of the blind delegates attending the convention are communists.