davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-05-20
WHEAT TRADE LAGS

CHICAGO, May 20 G.N.SD.-
Wheat was inclined to lag in
early trading today, with support
rather slow. Values were l2@Ac
lower. Weakness abroad and more
favorable weather conditions over
the winter wheat territory were
bearing factors. Commission
house buying and short was noted
on declines, but only slight re-
actions resulted.
Corn ruled unchanged to 24c
off, with a nervous trade. Weak
ness. in wheat and favorable
weather conditions caused an un-
easy feeling in the trade. Oats
dropped 14c, while rye eaSed A9
lac.
The Washington times., 1930-05-20
Tampa Line GiUen
Sea Mail Contract

Postmaster General Brown yes
terday signed a 10-year contract
with the Tampa Interocean
Steamship Company, of New Or
leans, for carrying mail from
New Orleans to Spain and Por-
tugal.
After three years, the con.
tractor must substitute two new
cargo vessels Of not less than
5000 tons.
The Washington times., 1930-05-20
SELLING SENDS
|NDUSTR|ALS
DOWNWARD
BY w. S. COUSINS

NEW YORK, May 20 G.N.S0.
Industrial stocks were unsettled
today by a continuation of the
selling session. Though losses of
l to 212 points were recorded in
a dozen or more favorites, the
downward move was by no
means general, and frequent raj
lies took place.
AS usual, the bears were given
credit for the bulk of the selling,
which was in the nature of mild
attacks on General Electric, West
inghouse, John Manville, Radio,
etc.
In view of the fairly favorable
reports from industrial and trade
centers, there was little reason
to look for a further break in
prices. The market has already
settled down considerably from
the April price peaks and impor-
tant stocks like United States
Steel are nearer the low prices
of the year than the 1880 high
levels. At 1882 United States
Steel is only 3 points above the
1880 low, but 30 points below the
April peak.
Westinghouse sold off 2H
points at 17012; General Electric
was down point at 1914: Johns
Manville, down 2; Standard Oil
of New Jersey, down /; United
Aircraft, down 112. In light and
featureless trading il. the second
hour the whole market settled
down to a lower price level.
Money was in good supply,
with the call renewal rate 3 per
cent.
Grain prices were fractionally
lower, cotton and local commodi:
ties UNCHANGED.
The Washington times., 1930-05-20
AssO. Dyeing Deposit
Date Is Extended

The time limit for deposit of
notes and common stock of Asso
ciated Dyeing and Printing Cor
poration, under "a plan for the
formation of a new company to
take over its assets, has been ex.
tended to June 2. Subscription
rights for units of the new com.
pany offered under the plan may
also be exercised until the close
Of business, June 2.
Henry L. Bogert, jr., of East
man, Dillon & Co.; Mason H.
Bigelow, of Gould & Wilkie. and
Harry Hough, of Stagg, Mather &
Hough, are members of the com.
mittee formed to carry out the
plan.
The Washington times., 1930-05-20
ShOrtridge Names
Three to West Point

Senator Shortridge (RO of Cali
fornia today nominated the follow
ing for appointment as cadets at
West Point, following the failure
Of his recent nominations to pass
the mental and physical tests:
Principal, Ribert Spaulding Gar
rett, Lafayette, Calf. First alter
nate, John Lyons, of Coronado,
CaAf. Second alternate, Howard
Hobson Willoughby, of Ventura,
Calf.
The Washington times., 1930-05-20
Cumberland Names
Railroad Delegates

CUMBERLAND, Md, May 90
Seven delegates were elected from
a field of IS to represent the Cum
berland division at the annual
Baltimore and Ohio railroad re-
lief department convention, to be
held in Philadelphia, June 26 and
27.
They are Arthur Clark, Patrick
w. Burke, Clyde E. Clark, Harry
L. Butts, George F. Buskey, Clar.
ence E. Grady, and Harry H. Gil
bert. There was considerable
rivalry among the contestants.
The Washington times., 1930-05-20
FIRMS OFFERED.
WORLD BANK
STOCK

NEW YORK, May 20.-Practi-
cally every leading American
banking institution is to partici-
pate in furnishing a portion Of
the initial capital to the Bank for
International Settlements besides
the central banks Of issue Of
eight foreign governments, it was
learned on the highest authority
in Wall Street.
Approximately 100 or there
abouts of the principal banks and
trust companies will be allotted
shares in the new institution by
j. P. Morgan g. Co. out of the
American portion Of the total
issue.
Identity Withheld
Although neither the identity of
the banks subscribing to the
stocks nor the amount of their
allotments was revealed, reports
said the agencies represented in.
cluded at least a dozen ranking
New York institutions and one or
two situated in virtually every
large American city.
Authorized capital of the bank
is to be 500,000.000 Swiss francs
gold, represented by 200, 900 shares
of $500 Swiss francs gold, equi.
valent at par of exchange to
$482.37 par value.
Subscription for the shares has
been guaranteed in equal parts by
the National Bank of Belgium, the
Bank of England, the Bank Of
France, the Bank of Italy, the In
duStrial Bank of Japan, the
ReichSbank, and in the United
States by a group composed Of
j. P. Morgan & Co., the First Ma
tional Bank OF this city and by
the First National Bank of Chi
cago.
Equal Lots Offered
Of the total authorized stock, Sc
per cent or 10000 shares, is now
being offered in seven equal lots
of 10000 shares through the deS-
ignated central banks and the
group that originally guaranteed
the subscription.
The central banks of Holland,
Sweden and Switzerland have also
subscribed, their portion being 8
per cent or $4,000 shares each.
In all other countries, except
Japan, where the Bank of Japan,
like the Federal Reserve banks
here, is debarred from subscribing
to the issue, the Bank for Inter
national Settlements shares will
be issued to central banks Of
issue. These may later sell por.
tionS or all of the issue to other
banks and to the public. It is
understood that the British and
French subscribers have decided
on the latter course.
To Net SIG, 6,5OO,OOO
The initial sales of stock of the
Bank for International Settle
ments will realize approximately
$16,500,000 for all subscribing ma
tions.
There has been reserved Of
the total authorized issue $4,000
shares, or 38 per cent, for later
subscription. The shares are Is
per cent paid, the remainder be-
ing callable in whole or in part
at any time by the Bank for In
ternational Settlements upon
three rno0thS' notice
The shares are non-voting and
are transferable on the books Of
the bank only with the consent
of the organization and Of the
bank or group by or through
whom such shares were issued.
The Washington times., 1930-05-20
5000 In PetWOrth
Petition for Libr0ru

A mass meeting of the local
civic, social and school organiza-
tions will be held tonight at
$3.50 o'clock at the Petworth
School auditorium, for the pur-
pose of aiding the Petworth Citi.
zenS Association in it's fight for
the erection of branch library
in PetWorth.
The Washington times., 1930-05-20
LOCAL STOCKS

FURNISHED by W. B. Hibbs & Co.)
= SALES
Capital Traction Company, 10
@73A; 10 @73; 3@73; 1913; 10
@72as; 10@72A;4@7212; 500
7212.
Norfolk and Washington Steam
boat, rts., wi, 2@17h.
American Security and Trust
Company, 1@415.
National Union Fire Insurance
Company, 50@24; 50@2312.
Mergenthaler, 6@106; 100
1851; 10@1O4A; 1O@10412.
AFTER CALL
Lanston Monotype, 100 122.
Washington Railway and Elec-
trio, pfd., 7@98A.
The Washington times., 1930-05-20
Brokers Loans

One of the most ENCOURAGING
developments that possibly could
occur during the next couple of
weeks is a sharp increase in the
total of brokers' loans. The re-
duction of $67,OOO,OOO in loans,
announced last Thursday, was
construed as a bullish factor, but
I doubt that the street felt that
way about it. At this time, with
public interest absolutely lacking,
the market would welcome all
increase in brokers loans, feeling
that such increase would indicate
revival of public interest and &C.
tivity. I am willing to bet that
the first increase in loans will
bring a stronger market on the
morning following the report.
Loans will be bolStered this
week by the expiration of rights
to subscribe to about $47,5O0,O 600
of new issues, also the borrowing
connected with American Tele.
phone bond conversions.
OAONA"oy AO1O1S
; One of the few stocks that
made new high yesterday was
BrockWay. Motors, which moved
up a point into new territory be.
fore profit-taking interrupted its
advance. I have first-hand in
formation that the new Lannon
management of this company has
cut production costs in amazing
fashion. and that the company
is about due to turn the corner.
Profits on truck production are
said to be nearing record figures.
For trading turn or long-pull,
I like Borden Company at its
current level around IS. This
stock las been recommended here
often, and has disappointed none
of its holders.
Electric Autolite
For awhile yesterday Electric
Autolite looked as though 1t
might be headed for 100 on the
move, but selling of the general
market halted its advance. Never
theless, the issue closed with a
gain of 2ss on the day, one of
the few stocks to gain point or
more. At one time Auto-lite was
up more than 7 points. 1t bears
every earmark of pool activity and
, accumulation and may be ex-
pected to show an advance with
che first check on the down
trend.
The group formerly active in
Rainbow Luminous issues is re-
ported to have abandoned opera
tionS, and 1 would sell these
stocks, even though I had to
take a loss.
b. Kreuger and Toll
Unusually heavy trading in
The Washington times., 1930-05-20
Case Threshing Machine

Case Threshing Machine lost
Is points yesterday. For this
very reason I am willing to bet
it will have a sharp upturn to-
day or tomorrow. This one is a
fast mover, and if you can afford
to play with such a high-priced
issue, you can scalp large profits
on quick turns. ! like the stock
better, however, for a moderate
pull than for trading plays.
Vanadium lost 4 points, but
understand it is still in strong
hands and may be expected to
sell more than Is points higher.
Meet, Inc.
AS 1 predicted early last week,
Meet Inc, is about to be merged
with two other companies. A
plan and agreement has been
signed by Louis Philippe, Inc,
Meet Inc. and Hopper-Kissproof
Inc, whereby the assets and bust
ness of these concerns will be
absorbed by a new company to
be called Superior Products Inc,
which will have authorized cap
ital of 100000 shares of COM
mon stock. Upon conSummation
of the merger, $4,000 common
shares will be issued, and the
balance reserved for other acqui-
sitionS. 1t is expected that divi-
dends will be inaugurated on stock
of Superior Products at the rate
of $l.60 yearly. Terms of the
merger are favorable to Meet Inc,
and I expect this company's stock
to each a price of 80 or better
within the next three or four
weeks.
The Washington times., 1930-05-20
BULLS DELAYED
BY DRIVES
Of BEARS
Farm Implements Weak,
Bears in Agricultural Dis
triCtS Are Very Active
BY THE SPECTATOR

NEW YORK, May 19.-All
trading markets we're weak yes
terday. Stocks, bonds, and COM
moditieS turned lower as faith in
forecasts of an autumn business
improvement sagged to low ebb.
SteelS, motors, oils, amuSe-
ment shares, coppers, rails and
specialtieS all joined in the down.
ward movement that cryStalized
In the last hour of trading.
One of the most important ad-
verse developments was the
weakness Of the farm imple-
ments shares indicating bearisn
feeling in the agricultural dis
tricts. Sagging of U. S Steel
common to price around 1863
intensified bearish sentiment.
General Electric was down
around 80; with bears use its
low yield as ammunition. West
1nghouse showed pronounced
weakness
The effect of the sagging
prices was to bring recurrence
of the dullneSs that has been wit
messed for a week. Trading vol
ume fell well under 100000
shares.
Good stocks look cheap" it
was remarked in many quarters,
but the supposedly Well-informed
gentlemen who made these obSer-
vationS seemed in no rush to buy
the issues they talked about.
My advice today is to let the
market alone, unless you are
willing and prepased to hold
stocks for several weeks, possibly
three or four months. AS for
trading plays, it is growing
more difficult for even the most
nimble traders to scalp profits
on quick turns.
A Dissentor Speaks
Everyone in the financial
district seems to be bearish," re-
marked a partner in one of the
largest wire houses yesterday. 80
what?" asked. so, I'm in
clined to be bullish," he replied.
Il don't like to be one of the
herd" This psychology has
worked out correctly many
time, and it so happens that this
broker has been right on the
market most of the time for the
last eight months. Nevertheless,
conditions at this time make the
usual Wall Street psychology use.
less to traders.
Retention of William H. VIII
liams, chairman of the Wabash,
on the board of directors, was a
surprise to the street, which had
expected the Pennsylvania crowd
to depoSe him.
The Washington times., 1930-05-20

of 25s points on the day. Some
of the most conservative interests
in the financial community have
just begun recommending this
issue for a moderate or long
pull" Frankly, 1 do not know
yet what is happening in the
company, but Kreuger and Toll
is a recognized, prime investment
issue. I would recommend it at
these levels for investment or
for price appreciation over the
next three months.
A. M. Byers should be one OF
the best bets on the list as a.
result of the expansion plans in
the natural gas industry.
The Washington times., 1930-05-20

J. Kreuger and Toll
h Unusually heavy trading in
kyeuger and Toll brought gain
The Washington times., 1930-05-20

Retention of William H. VIII
Iams, chairman of the Wabash,
on the board of directors, was a
surprise to the street, which had
expected the Pennsylvania crowd
to depose him.
The Washington times., 1930-05-20

The group formerly active in
Rainbow Luminous issues is re-
ported to have abandoned opera
uonS, and I would sell these
stocks, even though I had to
take a loss.
The Daily Alaska empire., 1930-06-25
FORMER CHAMPION LIKES
 LONG SKIRT" NET ERA

WIMBLEDON, England, June 25. Mrs. Lambert Chambers, former lawn tennis champion, views with alarm the tendency of modern girl players to develop speed rather than strategy on the courts.
 They smash shot after shot" she says. "They ape the men. They never think ahead, and their ab- sence of strategy is pitiable.
 "The worst fault is that they have over r-developed the speed of the game by getting immense pace into the ball at every opportunity, and, in that way, by trying to ape the speed and strength of the men players, they are by no means as good players of the game as their predecessors of twenty years ago.
 Tt may be true that in the old days of long skirts and blouses some girls 'patted' the ball, but the serious player of those days can still beat the crack championship girl of today
The Daily Alaska empire., 1930-06-25
WHO'S WHO
 AND WHERE

Grace and Gladys Naghel were passengers aboard the Princess Lou ise for Juneau. Miss Grace Naghel has been teaching in the Public schools at Seattle, and Miss Gladys Naghel has been attending a Nor mal school. They will spend the summer with their parents, MT. and Mrs. Charles Naghel.
 B. B. Brooks, former Governor of Wyoming for two terms, and a wealthy oil man of that state, is aboard the Admiral Rogers. Mrs. Brooks is with him.
 Among those leaving on the Ad- miral Rogers was Harris G. Clark, Seattle Field Executive, who has been here for two weeks to conduct the Eagle River encampment of the Boy Scouts. He will pass through here southbound on the Princess Louise Friday morning.
 On her way Outside to be mar ried, Miss Harriet Sey of Douglas took. passage on the Princess Lou ise yesterday.
 The Misses Elizabeth and Esther Kaser, who have been attending the University of Oregon at Flu gene since last fall, returned to their home here aboard the Aleu- tian to spend the summer months
The Daily Alaska empire., 1930-06-25
TOBACCO MAN WILL
 LEAVE FOR SOUTH

Fred w. Jensen, Alaska represen- tative for Liggett and Myers To- bacco Company, Inc, who has been spending the past few weeks in Juneau, is leaving tomorrow morn ing on the Admiral Watson for the southeast section of the Pan handle.
 He is making his final rounds today, and is pushing Chesterfield cigarettes, Granger and Velvet smoking tobacco and Star plug, samples of which he passed out to the Empire force this morning.
 With Mrs. Jensen he recently completed trip to Southwest and Interior Alaska, and from Ketchi-. kan will do the Hyder district. Lat CT in the summer he expects to re- turn here.
The Daily Alaska empire., 1930-06-25
RACING CAR KILLS BIRDS
 IN SPEED RUN ON BEACH

AUCKLAND, New Zealand, June 24.-In making his record breaking dash of 14S.6O7 miles an hour for 10 miles along Ninety-Mile Beach here, Wizard Smith in his racing auto, "The Anzac," killed seven big sea birds.
 The car was too fast for the birds. One 10-pound carcass struck Smith in the face, nearly blinding him and causing him to lose con- trol of the car temporarily. tThe machine skidded dangerously be- fore Smith regained control.
The Daily Alaska empire., 1930-06-25
DORT ARRIVES
 SOON TO OPEN
 POWER SURVEY
Reaches Ketchikan July } to Make Examination
 for Commission

Investigation by the Federal Pow CT Commission of the power sites applied for by George T. Cameron in this district and by the Zeller- back interests near Ketchikan will be started early next month, 1t was made known today by B. F. Heintzleman, Asst. Regional For ester, who returned yesterday from a business trip to Ketchikan.
 The Power Commission will be represented in the field by him and J. c. Dort, hydro-electric engineer of the United States Forest Service. The latter will arrive at Ketchikan on July 3.
 He will be met by MT. Heintzle- man. They will immediately begin an examination of the lakes named in the application for final license filed last week by the zellerbachs. As soon as this is completed they will come here and examine Long and Crater lakes at Speel River, 
 and Dorothy Lake for MT. Cameron.
 The actual field work will occupy about three weeks, it is expected Following this, the report on both projects will be compiled here and forwarded without delay to the Power Commissions Washington, D. c. headquarters. It is hoped that the licenses will be issued by It so that some work can be started on the projects this Fall if the ap- plicants desire to go ahead at once.
 The Cameron application calls for the development of 81,000 horse nower from the three lakes covered by it. It will be used for the manufacture of pulp and news print at a mill located in or near this city.
 The Zellerbach interests have ap- piled for a license on several lakes estimated to develop 8oo0o horse power. This is for pulp and newsprint manufactury to be To- cated in or near Ketchikan.
The Daily Alaska empire., 1930-06-25
TRADE DULL,L0CCERS
 FEEL EFFECTS
Two Southern Sawmills S Closed Down Owing to
 Lack of Orders

Logging conditions in the south ern end of the district are far from ideal, owing to the lack of business at the sawmills, 1t was re- vealed today at local district head quarters of the United States For est Service. Only two mills in the Division-the Juneau Lumber Mills and the Ketchikan Spruce Mills are operating.
 The Wrangell mill closed last week, and the Ketchikan Lumber and Shingle Mill has also ceased cutting. Lack of orders was as- signed as the cause, but no reason was given for the drop in business.
 The closure of the mills has left a number of the small logging out fits with a considerable quantity of timber on their hands. Realizing the financial loss that would be occasioned to them if they had to carry the logs over for another sea- son, the Forest Service has con- sented to permit the exportation of these stocks, it was announced. Negotiations have been opened with Powell River, B. O., and it is be- lieved that the affected can clean up without suffering any losses. This does not mean that the Forest Services policy of prohibiting the exportation of logs has been aban- doned but it has merely been sus- pended to relieve the existing situa- tion, it was explained.
The Daily Alaska empire., 1930-06-25
BENNIE MESSER IS
 GIVEN SCHOLARSHIP,
 COLORADO COLLEGE

Bennie Messer, class of 1880, Ju- neau High School, has been award ed the annual Alaska scholarship to the Colorado School of Mines at Golden, Colorado, according to word received today by w. K. Keller, superintendent of schools here.
 The scholarship exempts the holder from tuition, laboratory fees and other expenses and is worth about $1,000 over the four year course.
 Last year the scholarship was not taken, but is offered annually. The 1928 award went to Milton Lager
The Daily Alaska empire., 1930-06-25

Maine was prohibition at the time this song was written"
 Vallee is an American phenom- enon. No one but Lindbergh has ever so reached the hearts of the American people. There is some- thing about the quality of his voice as it comes over the air that plays on heart strings and makes folks reminiscent, romantic and sentimental, just why, Rudy can no more tell than can anyone else.
 Vallee is the Lindbergh type and looks like a glorious young viking.
 That he is also a musician is proven by his taking the Stein Song" from the dust heaps and making it the most popular tune in America today,
The Daily Alaska empire., 1930-06-25
University of Maine Song Brought to Life by
 Crooner.

New York City.-Rudy vallee the "It" boy of the air, has dis covered the hit song of the nation. This is the "Stein Song," official song of the University of Maine, written way back in 1910, with lyrics by Lincoln Colcord, famous literary critic.
 "The music has spirit, lift and lit, and the lyrics are romantic and visual," explains Vallee. "While it is called the Stein Song, nothing is said about what is in the steins. As a matter of fact,
The Daily Alaska empire., 1930-06-25
FARM VALUE STANDARD

EAST LANSING, Mich.-Michi- gan State College and the Michi- gan Real Estate Association have initiated a movement to protect the ruralist against bad invest ments. The real estate .associa- tion will refuse to sell farm prop erty at price above the set stau- dard.
The Daily Alaska empire., 1930-06-25
[gren, who has been making an ex .cellent record at Golden.
TT IS HERE

The New Model Y Meadows Elec- tric Washing Machine, $99.50, the greatest washer value in America priced under $100.00. Why pay more for a single speed washer: electric ironer attachment at S49 50. A complete outfit for s149.O0. SEE THESE AT THE MEADOWS SHOP. Third and Franklin, Tel. 338. H. N. Fulbright. -adv.
The Daily Alaska empire., 1930-06-25
ATTENTION REBEKAHS

There will be a regular meeting of the Rebekahs Perseverance lodge at the I. O. O. F. Hall tonight at D. m.
 GERTRUDE HELGESEN, t -adv. Noble Grand.
The Daily Alaska empire., 1930-06-25
CORRECTION

The Work to Win Sewing Circle, instead of meeting at the residence of Mrs. John Alstead, will meet Ut the home of Mrs. Frank Olsen, Thursday, June 18th. Hostesses for the afternoon will be Mrs. Frank Olsen and Mrs. John AL stead. -adv.
The Daily Alaska empire., 1930-06-25
STORY LEAVES HOSPITAL

Jackson Story, who has been in St. Ann's hospital since May 5, was dismissed today. He has been confined for treatment of an in- jured knee.
The Daily Alaska empire., 1930-06-25

ATTENTION B. P. o. ELKS
 Regular meeting tonight at ) m. M. Il. SlDEo' adv. Secretary.
The Daily Alaska empire., 1930-06-25

ATTENTION B. P. o. ELKs
 Regular meeting tonight at D. m. M. H. SIDES, --adv. Secretary.
The Daily Alaska empire., 1930-06-25

Ola papers rc. sale at The En- pire office.
The Daily Alaska empire., 1930-06-25
Want Ad Rules

Here are seven rules worth con- sidering if you want to make youf want-ads make good: 1. Think carefully about your pro-
 position. ? Direct your selling efforts at the
 individual. 3. Be specific. Use colorful words.
 Avoid generalities. f. Tell the whole story. 5. Emphasize the best feature of
 your offer. G. Mention price. !, Make answering as easy as pos
 sible.
 John F. Chamberlin, travelling man, left on the Aleutian yes ;erday. With him is Mrs. Cham berlin.
The Daily Alaska empire., 1930-06-25

Oid papers for sale .: The En,- p!re.