davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-07-09
SEE
DULL, NARROW
MARKET
Mixed Opinions Prevailing on
AdWsabiIity Of Buying in
Mart at This Time

A dull market with small fluc-
tuations either way was believed
in prospect for the remainder of
the week.. A mixed opinion pre-
vailed as to advisability of buying
for the long pull at this time.
Think general business is drag
ging on the bottom and that the
current week is likely to prove
the Slowest of the summer. BY
September the situation should
look much better and many good
stocks should be established at
considerably higher levels-E. F..
HUTTON 81 CO.
Believe it is a conservative
policy, particularly as applied to
trading operations, to wait now
for definite technical indications
that the downward trend of re-
cent months has been reversed.
Otis & CO.
Believe 1t is good idea to
tighten up on rallies and keep &C
counts in liquid position. Some
time during the next fortnight
the market will be called upon to
withstand selling attacks which
will determine whether the worst
of the depression has been seen
or whether new low prices are in
proSpect.-SUTRO & CO.
Stay Out, Is Advice
The selling Yesterday in our
opinion, was largely professional
Refrain from participation in the
market.-BAAR. COHEN & CO.
Think some pickup will come
later in the year and would buy
high-grade standard stocks on
weakness to hold for a fairly long
pull.-TOBEY & KIRK.
Little conclusion can be drawn
from the sagging of prices. The
market seems to be almost entirely
professional, demand being lin
tied largely to small lot buying by
bargain hunting investors.-M. j.
! MEEHAN & CO.
See no reason to anticipate bet
ter prices in the immediate fu.
ture. From a trading standpoint
it should prove distinctly profit
able to adopt the policy of selling
stocks on rallies rather than pur-
chase on declineS.-HARRISS &
VOSE.
The near-term trend of the mar
ket points lower. We would
tighten all commitments since it is
possible that the majority of
stocks can be replaced in the near
future at more attractive buying
NEUTRALITY-SUSPICIOUS. & CO.
Rally Today Seen
Would not be surprised if to
days trading found the market
oversold and a mild recovery pc
riod were to commence before the
close.-H o r N B L o w E r &
WEEKS.
Would stand aside until it be.
comes evident that support is to
be given the market at or above
the resistance points established
during the last week of June
EMANUEL e. CO.
General sentiment continues
bearish and do not expect any
reversal of this feeling until more
favorable trade news begins tc
reach the market. There vii
still be ample time to make com
mttments on the long side of the
market.-CUSICK, KENT g. co.
Look for a rally in the first
hours of the morning, followed
1 by an increase in volume anC
lower priceS.-STERN & CO.
Advise sales on rallies pending
definite evidence that the selling
has run its courSe.-MELADY j
co.
| Restrict trading operations *
well protected commitments or
pronounced weakness, with
prompt acceptance of moderate
profits.-F. L. BITTLES g. co.
This Is hOme-buying time and pro.
The Washington times., 1930-07-09
Warren Brothers Co.
2 New Subsidiaries

The Warren Brothers Financial
Corp, and the Warren Municipal
Securities, Inc, has just been
formed by the Warren Brothers
Co. The Financial Corp. will
deal principally in securities
acquired in connection with the
Warren Brothers Co.'s foreign
and domestic contracting busi-
ness.
The Municipal Securities Corp,
wholly owned subsidiary, will deal
exclusively in domestic tax
exempt securities.
The Washington times., 1930-07-09
Engineers Pub SerU.
Earns $3.50 a Share

Engineers Public Service Com
pany and constituent companies
report for the year ended May 81
earnings equal to $3.50 share on
1.804,339 common shares, COM
pared with $2.61 share on 1915
013 common shares in the year
before.
The Washington times., 1930-07-09

District Of Columbia. City Of Washing
ton, IS:
l. NJ f. CALNAN. cashier of the
above named bank, do solemnly swear
that. the above statement is true tC the
best of my knowledge and belief
NJ. F. CALNAN,
Cashier.
Subscribed and sworn to before me
this sth day of July, 1880.
(Sean EVERETT G. NASH,
Notary Public.
Correct-Attest:
GEO. o. WATSON
JAMES NJ JOHNSTON
e. J. McQUADE
Directors.
The Washington times., 1930-07-09
to show a decided increase in
earnings this year.

to show a decided increase in
earnings this year.
Business machine stocks have
felt the depression with the rest
of the industrial list, but 1nterna-
tional Business Machines and Un-
derwood Elliott Fisher have many
friends in the Street. Both are
leaders in their fields and first
half earnings indicate their divi-
dends will be covered with some
thing to spare.
Investment Demand
I am told that odd lot houses
have been buying on balance in
the past month or more and that
small lot buying for outside ac-
count has been of huge proper
tions. Reminiscent of the month
following the November break
With this stock going out Of the
market combined with the heavy
liuuidation that has taken place,
the markets technical condition
has been strengthened and its re-
sistance powers increased.
Motion picture stocks have sut-
fered as severe a deflation as
any on the list. Paramount Pub
lix has gone down with the rest,
but the decline has been orderly.
I like the stock at current levels.
/ hear that the conpany's sec;
ond quarter was the best second
quarter in its history, and that
the years earnings will be salts
factory and well above dividend
requirements.
The Washington times., 1930-07-09

This Is hOme-buying time and pro-
Spective home owners will find q suit
able selection Of GOOD homes adVer-
tised for sale In Times Classified Ads.
The Washington times., 1930-07-09
EARNINGS
DECLINE
Times staff Photo

Fifth Avenue Bank in its
statement of condition >as of June
80 indicates earnings of $315,084,
equivalent to $62.82 a share on
5000 shares outstanding. This
compares with earnings eQuiva-
lent to $117.80 a share during
the same period last year. In
the full year ended December 8
last, the bank earned $2l1.6
share on the same share basis.
The Washington times., 1930-07-09
The Rails

should not be surprised to see
the rails do something before
long. The heavy crop movement
will start next month. which will
swell car loadings. The compari-
son with last year will become
more favorable soon, for the de.
cline began about this time last
year. Furthermore, the freight
rate increases granted both East
ern and Western carriers is a
bullish factor. favor the sea-
soned dividend payers of the type
of Atchison. Chesapeake. and Ohio.
Baltimore and Ohio, New York
Central, and Pennsylvania. 1
believe Allegheny, Western Mary
land, and Chicago Great Western
common and preferred, are good
low-priced .speculations. The last
named road was one Of the few
The Washington times., 1930-07-09
French.American Banking

The French-American Banking
Corporation reports total re-
sources of $106,005.318 as of
June 80. Total deposits are
given as $77,966, ,655. Capital.
surplus and undivided profits ag
gregate $6,238,075.
The Washington times., 1930-07-09
Buying Power

who's going to buy stocks.
when they do start going up?"
Some brokers wall, remembering
the licking" the public has
taken in the market IN the No
ven1ber debacIe and subsequently.
This, however, is but another
''bogy man of a period Of pes
sirnisra. There is plenty Of pur-
chasing power still left, as eyi-
denced by the high-grade buying
of the pivotal stocks in the past
two weeks. The market still has
a good short interest, mostly
amateurs" now, which must be
covered. A number Of brokers
also state that their big accounts
who nqutdated big blocks OF
stock about a month ago and
have kept in a liquid condition
since are merely awaiting signs
that the bottom has been
reached to step in on the long
side.
Proctor and CANDLES sales
showed a decided turn in May,
and June sales we're reported at
the 1929 levels, with July main
tanning this high rate. The stock
has been active, of late and shows
signs Of being accumulated. The
company is planning an aggreS-
siye expansion abroad.
The Washington times., 1930-07-09
Commercial National

Total resources of $l52.743, ,502
are reported by the Commercial
National Bank and Trust Com
pany in it's statement of condi-
ton of June 30. Deposits total
$105, sos, ,290. and capital. surplus
and undivided profits, ST., ,598,37u
The Washington times., 1930-07-09
BANK STATEMENTS
Park Savings Bank
RESOURCES

OF Washington. In the District Of
mbia, at the close of business
oD June 30, 1880.
The Washington times., 1930-07-09
BANK STATEMENTS
Liberty National Bank

rter No. 1888. Reserve Dist. No. 5.
REPORT OF CONDITION
The Washington times., 1930-07-09

RESOURCES
!. Loans and discounts ...$2, 37S,70 G1
=. Overdrafts ............ 40 lS
3. United States Govern
ment securities owned. 561 923 IS
I. Other bonds. stocks, and
securities owned ....... SIS, ,635 Is
Banking house. &222.
$50 09; furniture and
fixtures, $1044S Co.,. 2S2,S2S ~
s. Reserve with Federal
Reserve Bank. 214sss so
2. Cash and due from banks. 500. .265 SO
10. Outside checks and other
cash items. ms........... 1901 81
IA, Other assets ........ 516 90
Total .................. ,665 SIS
LIABILITIES
I 5. Capital stock paid ms 500, 900 20
16. Surplus ............... $50, 600 20
II. Undivided pr0fIts-net.. SS,947 IS
l9 Reserves for interest,
taxes. and other expenses
accrued ana unpaid .... 20, $50 IS
81 Due 10 banks, including
certified and cashiers
checks ouIsta nding 80. 6s,036 a
22 Demand deposits ...... /, ,562, las so
20. Time deposits ...,.... 1874, ,969 "a
81. Other liabilities ....,.. 1885 81
Total .................... $4.474,665 SIS
The Washington times., 1930-07-09
Richfie1d Oil

The report that Richfield Oil
had arranged its needed financing
explains the squirt in the stock
the last two days. The COM
pany was known to be short OF
working capital, resulting from
its heavy expenditures in invad-
ing the East. and was having
difficulty raising the money. The
stocks sharp rise was due good
deal to short covering, though
there has been good buying as
well. Rumors that Richfield and
Sinclair will hook up, giving the
latter its much-desired foot
hold in California are still wide
spread.
Wall Street will get one bit of
cheer when Congress adjourns.
The tariff episode is still fresh.
One brokerage wit remarked that
adjournment ought to be good
for a sharp rally, just as the
tariff started fresh break.
The Washington times., 1930-07-09

OF Washington, in the District of CO
lumbia, at the close of business
on June 80. 1880.
The Washington times., 1930-07-09

Totat ..............'..$l, $l,tl5.645 20
District OF Columbia, City of Wash
fngton, IS:
/, P. HENRY COATES, cashier of the
aboVe-named bank, do solemnly swear
that the above statement is true to the
best of my knowledge and belief
p HENRY COATES,
Cashier.
Subscribed and sworn to before me
this 9th day OF July, 1880.
RALPH A. HOWARD. JR.
(SeaD Notary Pubic.
Correct-Attest:
THEODORE MICHAEL.
ALLEN HOLLANDER,
JOHN 4. EXERT.
CHAs w. FLOECKHER.
CLARENCE NOHE,
z. g. BURGESS,
Directors.
The Washington times., 1930-07-09
REPORT OF CONDITION
..- OF the
United States Savings Bank

OF Washington. D. C., at the close Of
business on June 80. 1880:
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-08-31

that and another thing about the
weather down here when IL rains
you'll
hear some one say how unusual
this is
and when ii freezes you'll hear an
anvil chorus how unusual this Is
and when its so hot we swelter
yes
even | someone says how unusual
this
is / guess everybodys right the
weather
is very very unusual down here
rollo
A Gamble
And here we come with our regu-
lar h~ebdomadal crack about High
way No. II and accidents over the
weekend.
Today is Sunday, and what with
the surf calling bathers and bull
fights calling sports and Valley
folks dashing I'D and down and
around in their automobiles, the
law Of averages demands a certain
toll - and has not been demanding
in vain during the past few months.
WIN Will Ole To-Day
Scotch Golf
Today at the Brownsville country
club a tournament is being held,
and Scotch golf Is being played here
for the first time.
This Is a game that should at
tract a gallery. BY gallery We do
not mea that sort of thing that
surrounds a house and upon which
people sit. Not at all. We mean q
crowd of people following the players
and telling them how TO sock the
pill.
Scotch golf will be interesting. A
foursome sets out. each player with
but one club which he has 20 use
for every shot. In other words, one
will have a driver land what a time
he will have on the greens) another
a mashie with a big advantage
another with a niblick watch him
drive off-the ball will 90 straight
up) and a fourth viii have a putter
"a big help on the fatrway).
Exhausting Possibilities
Several explorers have reached
the North Pole via the snowshoe
route. Others have flown ever II In
airplanes. And now an explorer
wants to swim under 1t in q submar-
inc.
Is there any other possible way
IN which to get there?
Maybe someone will step forth and
push a peanut to the pole with his
proboecik
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-08-31
Hughes Champion of States
Rights

Chief Justice Charles Evans Hughes, in the role Of
champion Of states rights, calls for more than pass
ing mention A lifelong republican. leader Of his party
for 40 years. a former governor of the empire state
Of New York, a defeated republican candidate for
the presidency. leader Of the American bar. he Is
looked IEon as one of the really great Americans Of
the age. In an address before the annual conven-
ton of the American Bar association he advised the
45 American states to resist encroachment upon
their authority" His remarks constitute a classic
for the American scrapbook. They follow:
"Paradoxical as 1t may seem not only the security
but the efficiency Of the Union lies in the appropriate
maintenance Of the authority OF the states within
the proper spheres of local government and local
politics. Despite all the economic changes and the
intimacies of closely related activity, not Withstand
ing the vast expansion of interstate commerce in novel
form leading to unanticipated application OF q ma
tional authority. which was granted with extraordi-
nary wisdom in a very general formula, the states
continue as reservoirs of power reserved, not con-
ferred, by which they deal with a multitude Of par
ticular concerns and enjoy differentiations congenial
TO local sentiment"
Chief Justice Hughes pointed out the way. He had
an audience of 1000 American lawyers. A large num-
Der of these lawyers were from Old South states where
states rights have been obliterated and the so-called
dogma of the fathers rendered obsolete. The same
condition exists in all the states. He admitted tnat
the task is a difficult one. His viewpoints follow:
However difficult 1t may be. in constitutional in
reTDfeIdIlOu, 10 dAA1ld pCA4SSeJ NNA -
faction Of all. this balance between state and nation,
IL Is Of the essence Of the American institutions that
il should be preserved as far as human wisdom makes
this possible, and that Entertainments upon state au-
thority. however contrived, should be resisted with
the same intelligent determination as that which de-
mands that the national authority should DC luly
exercised to meet national needs"
Where are the states rights democrats9 Are there
leaders Of the pre-eminent ability to be found IN
their ranks? II so they should stand up and a count
should be taken Chief Justice Hughes Is not tnin
skinned. He is for legitimate criticism Of court deci-
xsons. He holds to the sound doctrine that justice and
not the Judge is sacred. In his remarkable address
he defended criticisms of court decisions as Wholesome
and he charged the American Bar association with
responsibility Of securing honest. able and fearless
prosecuting officers. magistrates and judges. Now
sphere Is the Texas champion who will take up the
cudrel and ring out a call TO arms to the people OF "a
commonwealth ITO resist encroachment upon their
authority?
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-08-31

Along Elizabeth
o. w. Williams . general agent
of the M. p. Lines ...... back in
Brownsville after a weeks visit here
and there X. says he's bringing his
family here to live N. Clyde Owens
J. garage owner !. telling his friends
that he has moved the location of
his shop =. DR.. Charlie Calderoni !.
dentist de luxe y. going TO Dallas
Dr. business w. DR.. Charlie will open
UP here P.D.Q. and hang out his
shingle =. Jack Rowe . looking for
a lost coupe NJ. singing Where. oh
where, has my little coop gone" W.
Max Shapiro . very proud Of his new
apartment house NJ. which IS rapidly
nearing completion driving around
the main stem in a sedan with
his mother and sister -. ROLAND
Friedman Il. manager Of the Build
erS and Contractors Association here
/. among other things ". laughing
at a Joke some one has told him y.
Deacon" C.. w. Davenport =. lug
ging a typewriter down the street
+. sweating but happy w. Officer
Lozano =. back on the job 4. and
Traffic Cop Phin Houghteling
astride his red motorcycle again w.
Marjorie Rel ". looking out Of the
window :. watching cars go by The
Herald building.
Roilo Raves
Rollo the Rodent is back again
today. We told him that We were
mt going to let him appear every
day-iust now and then-but he ar
pued that since he had already
written some stuff We might as we'll
use It.
So here goes.
while / was gnawing my way
through
a wall Yesterday ! heard a couple
Of guys talking about
the weather
n of them said what is it going
to
do the weather Is very unusual
the other one answered
down here In the valley no one
but
q fool or a visitor will dare predict
the weather
and then he turned right around
and
said l bet its going to rain
and the other guy said how long
have
you lived here about twenty years
the first chap answered
and then got sore when the other
one laughed fit 10 kill
there's lots Of people like
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-08-31

10 look up an obscure extra girl
named Anne Winter. and be nice
to her. And he remembered how
Dan had fumed-until he met her
Well. Dan had been nice TO her.
all right-too nice. perhaps. If be-
ing nice was responsible for Dams
present frame OF mind. In Golfers
philosophy no girl was worth all
that trouble.
They we're on Hollywood Boule-
ward now. Your old home Paul
said m~otioning toward the RocSe-
welt.
Yep" Dan said
How about that idea of mine?
Are you going to call up Anne VIM
ter and ask her TO the opening?"
I'm thinking about IT,"
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-08-31

but he could not help noticing that
IRorimer was unusually quiet dur
ing their visit.
Dan had finished his screen
story. II had been rejected by two
studios and was now at a third.
and he was already at work 0n an
other idea. having lost faith COM
pletely in the first.
A queer duck. Collier thought;
sensitive as the cry devil and OBJ
stinate as a mule. Collier had said
to him last night: You expect too
blamed much OF hollywood. Just
because they don't leap at your
story Is no sign that you're not
good. III the studios could recog-
nize q winner every time one anne
their way they wouldn't be human.
You we're touchy enough when you
were working at Continental: nov
that you're on your own. you're
even worse"
He had lectured Dan stiffly: had
hoped TO provoke him into an ar
gument-anything to lift the mood
that had settled about him like a
black coat.
But Dan only said, Il suppose
So
And Paul trid again. Why don't
you let me 20 over and talk TO
Martin Collins. II you don't want
TO do it?"
Because" Dan said. its none
OF your business"
And he smiled. TO take the sting
out of his words. but Paul knew
that he meant exactly what he had
said. He tried not to be hurt about
II He said. "All right. my boy. ]
guess you know best
And Roriner was a bit contrite.
Look here he said: Martin Col
Inns knows I'm on the loose. And. be-
sides. Collins doesn't run that place
over there: he can't do everything
he'd like to do. III they want me
TO 60 to work over at Amalgamated
they'll tell me so. because Collins
told them about me when he went
over there. And anyway, I'm not
so sure that I'D 90, with nothing
more than Collins say-so TO rec
ommend me TO them"
He was a flop. he told Collier
Just . flop. Continental signed
me without knowing a thing about
me except that I'd written a few
stories and tho happened to want
70 make a picture out OF one OF
them"
You're crazy" Paul said. Just
crazy"
I'm Saner than ! ever was. The
trouble with me, / had a big head
Continental didn't like my bright
ideas. so ] told them TO fire me.
Re said fatty. well, nobod,
else Is jumping at any OF them.
and he talked on in the same vein
trying to persuade Collier 10 accepr
his argument that unless he coulc
sell a story as a free lance he wa:
not good enough to be signed 10 {
contract at Amaigamated or an
other studio
And Paul said again: Your
crazy. ! won't argue with a mar
that's lost his reason"
Paul was clear-sighted and wis
enough to know that Rorimer hat
other things on his mind that n
was saying nothing about. and Ann,
Winter was one OF them. TryinI
TO put himself in Dams shoes, h
reasoned that II would be rathe
disheartening to be in love with
girl whose progress was not matche,
by his own. Anne was going aheal
fast now: unless the unexpecte,
happened she would be getting som
pretty important roles very soor
And Anne had started from scratch
Some day she might even be a star
1t all depended nov on the breaks
she got and how the public like
her.
Sitting beside Dan as they drov
TO town, Paul remembered the da
that Dan had shown him the let
ter from Ziggy Young. directing hir
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-08-31
Travis County Democrats On
Record

Travis county democrats in convention assembled
saturday, Aug. 2. picked delegates TO the Galveston
convention and instructed the delegation to submit
10 the state convention q resolution calling Tor the
taxation Of natural resources and public utilities TO
lift an unjust burden Of taxation from homes, farms,
ranches and small mercantile firms" Gov. and Mrs.
Moody are among the Travis delegates who will at
tend the Galveston convention. Now what action
will be taken on the resolution adopted by the home
fclk7
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-08-31

Paul said. Just out or curiosity.
how long has IL been since you've
seen herr / used TO keep pretty
close track OF you. but since you've
chained yourself to that typewriter
Of yours. -"
Dan said ID was two or three
weeks. shes pretty busy; work
ing nights some. too"
well. give the girl a break and
take her out. You can't expect her
10 work all the time
Dan thought: I'm quit bothering
her. I won't even call her up. IL
she wants TO see me she can call
me up"
Anne telephoned him that eve
ming.
Ito Be Continued