davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-10-10
SEE
SHORT RISE

. The chances of a short tech
nical rally were considered mod
erately favorable in brokerage cir
cles today. In some cases 1t was
opined that the rally might be
delayed for a day or two. The
advisability of a sidelines position
continued to be stressed.
Although technical rally is
due, it will probably be postponed
until after the holiday.-HORN-
BLOWER 30 WEEKS.
The market is awaiting firmer
tendencies in the commodities, and
until these signs appear we advise
caution.-M. j. MEEHAN 6 co.
There is a fair opportunity for
a rally today, which might last
a day or two.-EMANUEL & CO.
Believe it is still advisable ex-
cept for investment purposes to
keep a strictly trading attitude
TOBEY g. KIRK.
Would be inclined to liquidate
only second grade issues en-
strength.-JOHN MELADY g. CO.
The long-pull investor should
be able to find some attractive
purchases. e. F. HUTTON & co.
Continue on the sidelines for
the time being.-OTIS & co.
Although a technical rally is
due, we do not feel that basis
has been reached from which a
substantial upswing is likely to
occur.-CUSICK, KENT. g. co.
Advise a conservative policy and
liquid position. JOHN MUIR
& co.
The Washington times., 1930-10-10
MACHINE MADE
PIANOS BUILT

After lot years the piano man
ufacturing industry has at last
succumbed to mass production.
On November / seven piano COM
panies will place on the market
pianos manufactured by machine,
Berthold Nuer. vice presiden.' Of
the william Knabe & Co., an
rounced today.
The new type piano is the re-
suit of experiments conducted
during the last five years and
will embody the first radical
change in the instrument in LOT
years. The new method of man
ufacture will result in a 25 per
cent reduction in price.
Mr.. Nuer stated that the radio
forced the piano companies TO
abandon the hand made piano
and adopt the method of con-
Struction evolved by DR.. C. N.
Hickman, of the Bell Telephone
Co.
Since Joseph Chickerlng made
the first oVerstrung piano IN
1928, Mr.. Nuer said. the methods
produced by DR.. Hickman are the
first radical changes made in
the piano. The new piano will
have a greater beauty ard tone
than: the manufacturer was able
to produce before; may be. re-
paired easily because of the inter
Changability of parts and every
piano of a type will have the
same quality.
The seven companies which
will sponsor the new instrument
are the American Piano Co., Will
liam Knabe & Co., Chickering &
Sons, j. & C.. Fisher, Marshall &
Wendell. Ampico Corp. Haines
Bros, and the Foster Co.
The Washington times., 1930-10-10
j ND T R " D D D
NET IS S3.81

Underwood Elliott-Fisher Com
pany in the nine months ended
September 80, earned $2,S05, ,789,
after all charges and Federal tax,
equivalent after preferred div;-
dends to 1891 a share on 696,835
common shares. This compares
with $4,711,532 for the first three
quarters Of 1929, or $685. a COM
mon share.
Net earnings for the quarter
ended September 80 were $459.-
58S, equivalent to SO cents a
share. This compares with ST.
337, ,348, or $1.79 share earned
in the corresponding 1929 quar-
ter.
The company as cf September
80 had cash and equivalent of
over $8,100,00O, compared with
5,So4,531 as of December 81 last.
The percentage of Improvement
in sales of standard typewriter
units shown in September over
August this year, was three times
that of last year and four times
that of 1928, indicating that the
current improvement is more
than seasonal.
The company announced the
retirement of an additional 1000
shares of its z per cent cumula-
tive ($100 par value) preferred
stock, leaving balance OF ST.
600. 900 iSused.
The Union Oil Company, of
California, reporting for the seven
months ended in September
showed a net profit Of $4,000, 900,
equivalent to $1.84 a share on
4,345, 100 shares of capital stock
outstanding. This compares with
$4,000, 900 or 1924 a share on
4,OS2, ,O66 shares in the first nine
months Of 1929 and with $780,
600 or $2.25 a share on 1874 600
shares in the first nine months
of 1928.
Nash Motors Co.-Quart e
ended August 81 net income ST.
777,27O or IS cents share
against $3,O69,65 or II cents a
share in the like 1929 period.
Canadian National Railways =
Nine days ended September 80
gross income $6,454.860 against
$7,651 ,281 in like 1929 period.
Consolidated Gas, Baltimore
Year ended August 81, net in
come $7,47S,410, or $5.82 share
on 1,096,491 conn mon shares,
against $7,065.17 or $6.11 a
share on 988,415 shares in the
preceding year.
Toho Electric Power -, Six
months ended April 80 F'igures
converted into dollars at so cents
a yen) net earnings $6,303, ,191
against $5,263,550 in the like
1929 period.
Waukesha Motor Co.-Year
ended July 81, net profit $780,.
579, against $1,801,952 in the
preceding year.
Finance Co. of America-Quar-
ter ended September 80, net in
come $54.017, against $46,046 in
the like 1929 quarter.
The Washington times., 1930-10-10
BUY MORE CARS
FOR 1881

The Chicago Great Western
railroad has ordered 500 50-ton
steel box cars from the Pullman
Car and Manufacturing Company.
The Dominion Steel and Coal
Corporation has received an order
from Canadian National Railways
for 14O miles of track.
The Delaware and Hudson rail
road has ordered 1880 tons of
130-pound steel rail valued at
about $3.50 from Bethlehem
Steel Corporation, covering 1881
requirements.
The Kansas City Southern Rail
way has placed orders for 1881
rail requirements comprising 5000
tons of 127-pound rail to cost
about 1885, 900, distributed with
the Illinois, Inland and Bethlehem
steel companies. This is around
40 miles of rail and is the usual
annual replacement requirement.
The Washington times., 1930-10-10
wild Rumors

Wild HumOrS
Every time there is a break in
the market which is accom-
panied by the failure of stock
exchange firm, rumors, wholly
uncEedited, are circulated, not
only in the financial district but
throughout the entire country.
In view of what the stock ex-
change itself is reported to have
told it's members early this week
concerning the circulation of such
reports, such activities are all the
more malicious.
1t certainly can do no one any
good, except of course those play
ing the short side of the market,
to aid in the distribution of these
reports which are, for the most
part, false.
About the only thing that can
be said in favor of the current
decline in the stock market is
that it has been going along in
orderly fashion. There has been
no indication Of panicky selling
despite the severe reversals SuS-
tanned by many of the trading
favorites.
Brokers' Loans
The drop of $158, ,O00,0O0 in
brokers loans was just about in
line with expectations. The de-
cline, however, indicates that
there hasn't been as much down
scale buying as had been thought.
Most Of the purchasing that
has been done. it now develops.
has been for the short account.
While the drop in loans might
temporarily aid a technical re
covery. / think it is an indlca-
ton that the technical position
of the market has become some
what weaker.
With more funds going into
preferred stocks and the bond
market, many investors are seek
ing advice concerning the max
ing of purchases in this direc-
ton. Generalizing in regard to
preferred stocks I should say
that most of issues of this type
of the better companies can be
bought with safety. Hearst Con-
solidated Publications, offer an
attractive medium for invest
ment, giving a high return at the
present price.
Attractive Bonds
Scanning the bond list casu-
The Washington times., 1930-10-10
so Policemen Guard
FinUnCier in Threat

NEW YORK, Oct. 9 q.NS). i.
Fifty policemen patrolled the
financial district today after a
threatening letter was received
by an official Of the New York
Stock Exchange.
Contents of the letter were not
revealed but they were of suffi-
cient alarm to concentrate the
additional force of uniformed
men and detectives in the Sec
ton throughout the night.
The letter was written in a
foreign language and was barely
legible, according to police.
The Washington times., 1930-10-10
BY LEWIS HANEY

Director. New York University
Bureau OF Business Research
and Former Economist ,ot
Federal Trade Commission
Evidently somebody is being
hurt by the recent decline in
stock prices. Evidently, too, it
must be somebody vaguely known
as important interests"
At least we may infer this
from the action taken to prevent
or reduce alleged bear raids"
and to suggest that values are
being "unwarrantably" depressed.
Surely the Stock Exchange au.
thorities would not do anything
to strengthen the case against
short selling If they were not
under pressure from some source.
Nor do we have to look far for
the trouble. 1t appears in the
weakness of the "blue chips" On
Monday some of the declines were
as follows: Allied Chemical and
Dye, 18 points; Eastman Kodak.
ga points; Westinghouse, S12
points; American Can, points;
American Telephone, 3 points;
U. S. Steel, 3 points; General
Electric, 17s points. Several such
stocks practically touched the
low for the year.
Kept at High Levels
These and others, including
many of the utilities, have been
obstinately maintained at high
levels. That is, they give very low
yields and mostly sell for from
The Washington times., 1930-10-10

ally, there are a number Of bonds
of good companies selling at
prices that offer exceptionally
high returns. Baltimore and
Ohio refunding skies OF 1898 at
lO8.5O Brooklyn Manhattan Tran
sit SKIES "A" of 1858 at 1OO:25.
Associated Gas Il Electric IS OF
1868, on the curb, Erie Railroad
convertible fours of 1895 at 81,
Loew's Inc, SKIES of 1941, X
warrants at l0l, N. Y. Edison
61as of 1941 at 1141a and West
ern Maryland fours Of 1852 at
$3.50 are among the bonds that
seem attractive at current lev
els. Convertible bonds. OF course,
offer a greater risk that the or
binary bond as they are more
likely to fluctuate with the move
ment of the stock.
Pools are prominent by heir
absence right now. It's the wise
pool that knows its own stock
in this market. Prices are down
SO far from the levels at which
pools were reported to be work
ing that the sponsors probably
can't recognize them.
Here and There
Just As stocks wound UP with
gains for the day yesterday.
Gains ranged from one-eighth
of a point to slightly better than
three points.
Louisville and Nashville was
one of the outstanding strong
spots.
The largest decline of the day
was the drop of 43 points In
Philadelphia Company.
Federal Mining and Smelling
was second with a loss Of 26l2
points.
The stocks to hit new lows for
the year were too numerous to
mention. &,
One consolation in the present
market is the high speed ticker
we at least get home at reason
able hour.
Speaking of the high speed
ticker suggests that total sales
might have been considerably
larger and the decline much
greater if there had been the
usual lateneSs to the tape.
AS it was. the new ticker was
one time running five minutes
late.
Well, the board boys get a
break.
The Washington times., 1930-10-10
HANDS OFF POLICY ADVISED
BY THE SPECTATOR
Technical Rally is Possible, But Should Be
Used to Tighten Holdings; Hearst Con-
solidated Issue is Suggested Buy
BY THE SPECTATOR

Although at their various levels during the past two
three prices under the low
figures attained the November decline yesterday for the
first figures actually close under the bottoms
reached in the fall reaction
The session active trading day witnessed
since the break and closing prices were only sgny
above the low points for the day.
This time to buy stocks technical rally seems Que
but would advise that be used to hgnten
There trying out special stocks at
q time like this
The only thing stay the sdelines and walt
until the reaction has its And don't tnnK
this will be in the very future
The Washington times., 1930-10-10
MAIL VOL j NJ {
|. REVEA AL s A
TRADE PICKUP
Volume, at Lowest Point Now,
To Show Upswiny in Next
Few Months, Says Official

There is no question but that
volume of mail has dropped to
its lowest point and that Oc-
tober and November will show
heavier mailing and with 1t an
upturn in general business, Arch
Coleman, First Assistant. Post
master General declared.
Inquiries have been conducted
by the department Of leading
mailers to learn what volume
they plan to post in the near fu-
ture, explained Mr.. Coleman. Re
plies have indicated an intention
to mail more heavily in OcJooer
and November than in past few
months.
Increases will show in third and
fourth class mail, which are
clases that fluctIate mostly with
business conditions. Despite poor
business the volume of first class
mail usually remains about the
same, said the postal official.
The Postoffice Department is
planning another peak in volume
of mail in 1881. He continued:
"Our figures are one of the
best business barOmeters there
are. In the last so years The
decline In postal receipts Oc-
Cured when there was bad
business, for example in
1893-94, in la07.OS and in
192I.22."
Although postal payroll expen-
ditures have fallen l $40 per
cent in 178 leading cities and in
actual money payments $123,S13
and only / per cent for the
country as a whole in August
this year, as compared with Au-
gust. 1929, the department ex.
poets to take up slack in postal
employment occasioned by re-
framing from filling such va
cancies as occur with appoint
ments from the substitute list.
The Washington times., 1930-10-10
i '|NTERNATIONAL
|. TRADE Of j. s.
Al BILLION
Young Sets Two Year Figure,
With 49 Per Cent of Total
In European Transactions

Americans transacted a S41,-
600 900 900 international business
in 1928 and 1929, 40 per cent Of
which was with Europeans, DR..
Ralph A. Young, of the Com
merce Department. said today
after survey Of the world COM
merce of the United States. He
said:
Europe is the largest market
for American exports In re-
cent years, taking slightly less
than half Of our total mer-
chandise shipments.
'Tn addition, Europe furn-
ishes about 80 per cent Of our
merchandise imports. Trade
relations with Europe, Jumping
imports and exports together,
are more than One-third Of
our total trade relations with
the entirs outside world"
Young pointed out that Gin
innumerable ways the economic
interest of Europe and the United
States are inextricably interde-
pendent" In addition to pay.
ments from Europe for mercharl-
disc exports, large sums are re-
ceived for service rendered, in
come on capital investments,
capital repayments and new capi.
tai investments by Europeans in
this country.
u. s. Pays for Service
On the other hand, Young
showed. in addition to payments
to Europe for merchandise Inn
ports, the United States makes
large remittances for shipping
and tourist services, interest and
dividends on European invest
mentS, while each year large
amounts of American capital
savings are invested in European
properties and securities.
Taking international business
of every character with Europe
in the two years, the total was
$16,360, DOT, 900. In commodity
trade the United States had Q
favorable balance of 81, ,184, ,000, 900
in 1928 and 81 ,062 ,0O0. 900 in 1929.
The Washington times., 1930-10-10
General Foods Gets
DHrkee Distribution

C. M. Chester, president of Gen.
era Foods Corporation, an.
nounced today a contract had
been made with the Glldden Com.
pany. of Cleveland. for the dis
tribution and sale of certain
products of Durkee Famous Foods,
Inc. throughout hte United
States. Durkee Is the food divi-
sion Of the Glidden Company.
The Washington times., 1930-10-10

WIN A PRIZE! Detailed infOr-
nation on the S125 PRIZE CON
TEST now in progress appears on
next to last page Of this paper.
Turn now and read what you
must do to enter this contest.
The Washington times., 1930-04-15
Death of Charles r. Keyser
Nearly Ends G.. A. K. Post

each wearing the uniform Of his
cause.
Mr.. Keyser was in Ford's Thea
ter, Washington, when Lincoln
was shot and remembers seeing
Booth. the assassin, run across
the stage. .a.s..
His mother, Georgeanna KeySer
was one of the first women to
give aid to the wounded at the
Battle of Antietam. She lived at
Shepherdstown, which is but a
short distance from the battle
field on the other side of the
Potomac.
Mr.. Keyser was an expert
cabinetmaker. one of the few of
the old craftsmen, whose artistic
work is in many homes here.
The Washington times., 1930-04-15

CUMBERLAND, April Is
Charles r. Keyser, Union veteran,
died at Memorial Hospital. Mr.
Keyser's death leaves only II
members in Tyler Post, No. S,
G.. A. R. which at one time had
over 200.
Mr.. Keyser had an interesting
career in that he went from JEFF
ferson county, then in Virginia.
to enlist in the Union Army in
Company H, First Maryland In
fantry, when he was 18, while his
father, Charles A. Keyser and his
brother, John A. Keyser, fought
for the Confederacy. The
brothers once met under the
parental roof at ShepherdStoWn,
The Washington times., 1930-04-15
NeIU Jersey May End
Limit on Auto Speed

TRENTON, April 15.-Desira
bility of eliminating all speed
limits for automobiles, making
speed subject only to conditions
at the time and place, was be-
ing considered today by Motor
Vehicle Commissioner Hoffman
He said:
eff traffic is to be maintained
with any appreciable degree Of
safety and freedom from con-
gestiOn on any of our main
highways, those arteries should
be broad enough to accOmmO-
date four lanes of travel;
curves should be Superelevated,
with a slight distance per
mitting a broad margin Of
safety; and the road should
be freed from such ObStruc-
tiOnS as embankmentS, trees
and shrubbery."
The Washington times., 1930-04-15
CHILDREN CITED
FOR HEALTH

BURKE, Va. April IS. - The
county health office has CON-
pleted its physical examination
of pupils at the Burke School and
finds that the following have
passed the tests for hearing,
vision, weight, tonsils and teth and
are accordingly entitled to the five
point health certificate; Bobbie
Carter, Wilson Erskine, Albert
Rice, May Maley. Amos Hopkins,
Harry Mason; Mabel Linton, Alice
Moon, Irene Linton. Martha Trum-
BILE, William Maley. Lois Jones,
Harry Beach, Woodrow Jerman,
Pearl Skinner, Helen Harlow and
Lillian Skinner.
The Washington times., 1930-04-15
POWER BIAS I
RIPS HOLE IN
CAR FLOOR
Railway Police Think Charge
Was Tossed Aboard. Freight
As 1t Passed Little Orleans

HAGERSTOWN, Md. April Is.
Western Maryland railroad detec.
tives were endeavoring today to
clear up the dynamiting ~of q
freight train on that system early
Saturday, which was believed to
have been directed at the destruc-
ton Of the Indigo Tunnel, near
Little Orleans. Had the explosion
taken place in the tunnel, rail-
road men say that it would have
collapsed Ipon the freight.
Discovery that there had been
an attempt to wreck the train
was not made until it reached
here, when the fifty-third car was
found to have had the bottom
blown out. A long fuse was
found in the car and indications
pointed to the discharge Of about
six sticks of dynamite.
A further investigation led to
the discovery Of the damaged
track near the tunnel and re-
ports from residents of that sec
ton of hearing the explosion.
The detectives are working on
the theory the dynamite was
tossed in the car as it was pass
ing Little Orleans by sympa-
thizerS of another attempt some
months ago to wreck q Western
Maryland train.
Two youths confessed to plac-
ing croSs-tie on the rails, but
the cowcatcher of the engine
picked it up and but one car of
the train was derailed. The
youths are now serving prison
sentences.
The Washington times., 1930-04-15
JURORS JAILED
BY MISTAKE

UPPER MARLBORO, April is.
Members of the grand jury made
the customary inspection of the
Jail here yesterday-and two of
them found out that the locks are
good and strong.
Charles J. Heffner and w. E.
Hardesty, of the grand jury, be-
came so engrossed in looking over
the upper floor Of the prison
that they failed to follow the
other 81 jurors downstairs when
the inspection was finished. The
jailer in charge did not think to
count his flock, with the result
that when, an hour later, Sheriff
Charles J. Early went to lock up
a prisoner he, found two much dis
comfited grand jurors ION the in
side looking out"
It is customary for each grand
jury to inspect the local bastile
at some time during it's term, and
Heffner and Hardesty feel, at
least that no one can accuse
them Of neglecting their duty.
The Washington times., 1930-04-15

MISS MATILDA LINDSAY
THIS VICE PRESIDENT of
the National Women's Trade
Union League is busy organiz-
ing textile laborers at Dan
vile, Va. following clashes
with mill owners. She defies
anyone to stop her organizing
work.
The Washington times., 1930-04-15
MRS. HOOVER is ILL

Mrs. Herbert Hoover is confined
to the White House with severe
cold, it was announced yesterday.
The Washington times., 1930-04-15
California Bees Buzz
For EarLy Prosperity

SACRAMENTO, Calf, April Is
IN.SO Even California bees are
buzzing prosperity.
So it looks like a bumper crop
for CALIFORNIA; honey men, rulers
of 2o,00O,OOO,0 900 bees, Frank H,
Todd, State bee inspector, re-
ported.
IAN early fruit blooming season;
with a prolific carpeting Of woods
and fields with wild flowers, is re-
sponsible for bees ending their
winter vacation ahead of the usual
tlme," Inspector Todd announced.
LAS result, a big honey produc-
ton is expected"
The Washington times., 1930-04-15
Sale of Parrots
Banned in Paris

PARIS, April IS QN.SJ.
Wanderers along the picturesque
quays and bird market will no
longer be attracted by the hoarse
cry of poor Polly and the bright
feathers of the parroquet among
the hundreds of birds penned up
in cages.
Monsieur Chiappe, popular pre-
feet of police, has issued a de-
cree forbidding the exposition and
sale of parrots, parroquets or any
other birds belonging to this
species on the streets or in mar
kets. His action, of course, has
been taken as precautionary
measure against the disease psitta-
COSTS,
The Washington times., 1930-04-15
Mrs. Sarah Jacques
Dies in M1rtiI1Sbur0

MARTINSBURG. w. Va, April
15.-Mrs. Sarah M. Jacques, SO,
wife of former Chief of Police
John Jacques, Of this city, died
at her home here following c
short illness. Death was due to
heart disease. Mrs. Jacques was
a native of Alexandria, Va,
daughter of the late James and
Johanna Roach.
The Washington times., 1930-04-15
Brady Estate Left
To WidOUU bv Viii

MINEOLA, N. Y, April Is (U.S0.
The estate of the late Nicholas F
Brady, capitalist, is bequeathed in
its entirety to his widow, it was re-
vealed yesterday when the will
was filed at Mineola.
The Washington times., 1930-04-15
Mrs. Rineh0rt's Son
Divorced at Reno

RENO, New, April Is Q.N.S).
Charging mental cruelty, Mrs.
Mary Doran Rinehart, daughter
of a New York publisher, today
had won a divorce from Stanley
Rinehart, son of Mary Roberts
Rinehart. novelist.
The Washington times., 1930-04-15
COnUicts Signed Up
As Costume Makers

CULVER CITY. Calf, April
is Q.N.S0.-Samuel Goldwyn,
film producer, has made a con-
tract with a group of prisoners
in the Arizona penitentiary
whereby the prisoners are to
make the elaborate bead work
costumes for a film in which
Eddie Cantor, screen and stage
starr u cRvort.