davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-07-17
Pacific Coast Fruit
Demands Good Price

SAN FRANCISCO, Calf. July
l6.-The cling peach situation
has cleared UP, and $4,000, 900
cases will be packed, as compared
with q possible 100000. The
best peaches not under contract
will be bought on 0 basis Of $40
a ton delivered, thus eliminating
poorer grades and permitting a
market for all best.grade fruit.
Hawaiian pinapple prices were
quoted this week 5 to so cents a
case lower in most grades. with
the best grades slightly higher
than q year ago.
Western railroads report June
carloadingS 1O.4 per cent below
the same month last year, a
greater decline than was shown
for the previous month, as COM
pared with MAY, 1929.
The Washington times., 1930-07-17
Stock Deliveries Cut
Bu CLeGrigag Corp.

The central delivery department
of the Stock Clearing Corporation,
through its operations, has made
unnecessary 88.23 per cent Of the
security deliveries which would
have been required under the
former system Of direct deliveries
between brokerage firms, it was
announced today by the New York
Stock Exchange.
Operations Of this department
began on April Is. 1929, and 1t is
estimated that it now accom-
plishes "a per cent Of its possible
field work. 1t has handled as
many as $4,000 deliveries in a sin
gle day.
The Washington times., 1930-07-17
Associated Electric
1929 Net Off Million

The Associated Electric Com.
pany reports net operating rev.
enues for 1929 Of $18,O44,661. a
decrease Of $1.129.174 from the
previous year. The report aScribes
the decrease to the sale Of proper.
ties in New York State, the earn.
ings OF which appeared In the
report Of 1928, but mot In that
Of 1929. Gross income after
taxes, but before interest and
depreciation charges, was $12, ,405,.
40, an increase Of 50, $50, ,364
from the preceding year.
The Washington times., 1930-07-17
CHICAGO LIVESTOCK

CHICAGO. July II (IN.S.).-Hogs-
Receipts, 1S, GOO: market Is to rs cents
higher; top, $40; bulk. $s.6OGssO;
heavyweight. $4,000: medium weight,
8s.9O@s.65; lightweight, 3s.S60970;
light lights, $500 80; packing sows.
sI250S; pigs, ss.260S.25; holdovers,
, Cattls-Receipts, $500: market Is
cents lower. Calves: Receipts, 2,6OO;
market steady. Beef steers: Good and
sS60@9: yearlings, $6011. Butcher
cattle: Heifers S6@10.5o; cows $4.600
$50; bulls. s6@9: calves, $11@1S.50;
feeder steers. $709.5o: stocksr steers,
&SQS; stocker COWS and he4fers, $3.50
@6.
Sheep - Receipts. 1900: market
steady. Medium and choice lambs. $40
oil; culls and common, $69S.50; year
linga. $6.50@9; common and choice
eewes. &2Q3.75; feder lambs, $74s.
The Washington times., 1930-07-17
Railroad .AWnrds
MACHINERY Contract

RICHMOND, Va. July 10
Contract for machinery for the
new coal pier which the Chesar
peake and Ohio is building at
Newport News, Va, has been
awarded to the Industrial Brown.
hoist Corporation Of Cleveland,
according to an announcement at
the Chesapeake and Ohio general
offices here. The machinery is
similar to the coaldumping ma.
chinery used on the Great Lakes,
and will be capable Of dumping
so 12O-ton~ coal cars per hour
The Washington times., 1930-07-17
u. S. Lead Stocks Up;
Output Cut i7e June

Domestic lead stocks were S5,-
sol tons on June 80, against
40 1888 on May 81, and 42,O15 on
April 80. American Bureau Of
Metal Statistics reported today.
Domestic output of refined lead
was 5O,721 short tons in June,
against 52,818 in May, and $3.50
in June, 1929.
The Washington times., 1930-07-17
British yObLess at
9-Yenr Hinh Marx

LONDON, July 1Ts-Registered
unemployment in Great Britain
on July Z, totaled 1,933,50O COM
pared with 1890, 500 on June 80.
and is the highest total for any
period since 1921.
The Washington times., 1930-07-17
IWrigIey Net $3.50
Share in Quarter

William Wrigley, jr.. reports for
the quarter ended June 80 net
profit Of $3.014.455, equivalent to
$50 a share on 1899, ,974 no par
shares, against $2,69O, ,O91, or $1.49
o share on 1900, 900 shares in the
same 1929 quarter.
The Washington times., 1930-07-17
p. J. Gibbons Elected
TngsUdil1nr official

p. j. Gibbons was today elected
secretary and treasurer Of the
Vanadium Corp, to succeed Nils
Falk, deceased. The regular quar-
terly dividend Of Is cents O share
on the common was declared,
payable August Is, to holders Of
record August ].
The Washington times., 1930-07-17
Western Electric
Sales S2OI,62O,O 600

Western Electric sales for the
six months ending June 80 were
$2Ol, $40, 900 as compared with
$194, 1894, 900 in the corresponding
period in 1929.
The Washington times., 1930-07-17
Flour Prices Cut
To LOEUest in Is Yrs.

Sperry Flour Co., q General
Mills subsidiary, today reduced
the price Of flour 30 cents
barrel, the lowest price in 1S
1e@r&s - .-...
The Washington times., 1930-07-17
Cotton Markets
NEW YORK

NEW YORK, July IL kLN.s.).-cot~
ton futures were very steady at the
close today with prices within one point
of the previous close. July cloced 9t
is,s3. October old at 1909, OctobAr
new at 12.77, December old at 13.fl.
December new at 1895. Januray old
at 1929, January new at 1901, March
at 1929, and May ut l3 49,
The Washington times., 1930-07-17
Northern I'M. p. s.

Public Service Company Of
Northern Illinois reports net in
come for June Of 1880, ,901, COM
pared with $1,674,146 In June,
1929. Net income for the Il
month ended June 80 totaled
&T644,340, against $6,459, 1853 in
the preceding IL months.
The Washington times., 1930-07-17
SERVICE
JUNE SURPLUS
OFF S524,O86

Public Service Corporation Of
New Jersey, and subsidiaries, in
their statement for June, show net
operating income of $3,32O,719,
against $S,526, ,3e4 in June, 1929.
Surplus for the month was $2,325.-
9SS, against So, ,850,071 in the same
1929 month.
The Washington times., 1930-07-17
American Utilities

The annual report of the Ameri-
can Utilities Company shows a
deficit, after all charges, of $685.
I73. Gross income for the year
totaled $BO6.671. The Associated
Gas and Electric Company &C.
Quired control Of American Utili.
ties last November.
The Washington times., 1930-07-17

A teIescOpIc view Of Washington busi-
ness services ~ offered In the BUSE-
NESS SERVICE DIRECTORY &C tedAy's
Classified Adas s
The Washington times., 1930-07-17
Havana Railway

Havana Electric Railway Com.
pany reports for the year ended
December 81, 1929, earnings after
preferred dividends equivalent to
80 cents a share on 100000 no par
common shares, against $4.34 o
share on 100000 Of 6 per cent
preferred stock in the preceding
year.
The Washington times., 1930-07-17
Sioux City Gas

Sioux City Gas and Electric
Company reports net income for
June Of $3.50. 200, against $102, ,670
In June last year. For the IL
months ended June 80 surplus
after preferred dividends was
$937,S7S, compared with $701, 100
in the preceding IL months.
The Washington times., 1930-07-17
new ORLEANS

NEW ORLEANS, July ls tI.N,s.l r.
The opening and closing prices of the
New Orleans Cotton Exchange today
The Washington times., 1930-07-17
OIL STOCKS

FURNISHED by W. b. Hibbs 3 Coz
The Washington times., 1930-07-17

1914 SIS Zenith RadtO..... sh .sh sK- u
. Ex aiytasas tEx F,ghta Paqs - IN stock sPay.
eata SPayabls In stOck payable when sarnsa. sPaT.
able an eaah Or stoek fPua l0% In stock Pns So 10
stock q Plus S% Plus - Ia efcck k PIue
s% 10 Seeek Plus 3-S% SIOUX Plus So in seoek.
@sbJeeG TO approval Of seockholdsSa pas
th6D ace
The Washington times., 1930-03-01
PHILADELPHIA STOCKS
tFurniahea hv w. N. Exthh. a ro

Don't waste your time wkeR seeking
Washington apartments for rent; cOn-
suit the Rental Columns OF Times
Classified Ads.
The Washington times., 1930-03-01
PRODUCE MARKETS

express receipts moderate. Supplies
moderatet demand slows market un-
settled. Florida pony refriEerators,
best, tocs poorer, s5@3bc; some unsold /;
Sweet Potatoea--Arrivais since Tues
days report. Receipts equivalent to
8 cars Eastern Shore Maryland and 1
car Eastern Shore Virginia By boat
nearby truck receipts moderate. Sup
plies moderate; demand moderate: !:
market about steady. Eastern shore
Maryland. bushsi hampers. yellows,
Y 3: no. 4 si.io@I.asi few fine
anaiisy M.ss ..!s g i:lo; ungrsdsd. 90 9 soc;
Virginia, barrels, yellows. U. 8, No. i,
s2:a6@3i white yams. fair quality, $40
Tomatoss-Two Florida ana Mexico
broken. Florida express rec recsipts light.
Supplies moderate; demand slow; mar-
ket very dull. Florida. by rail, too
few sales TO quote. BY boat, mostly
fair quality. skies gresn ana turning.
few aighsr; poorer. $4,000; choice
count, best, $4,000: few higher;
poorer. st@1.7S. Many unsoid.
Turnips-supplies moderate. Nearby,
h-bu. hampers wsshsd, as0&Oc
Market weak. on the Baltimore
Butter and Egg Exchange. nearby
fresh gathered fiTRts, two sales, rs
cases, 2shc. Closing offerings, nearby
fresh gathered firsts, 26cs bid, 2she.
Receipts: Butter, 500 tubs; eggs, 2.1st
LIVE POULTRY
Chiekens--Young Celored, 80 to sise.
s3@sac; broilers, - 70 size, S393bei
Leghegns. 40 to sizes 2aO2 26o; caponS,
AZ TO sixe, 92@s6c, oIds Heavy, $40
ssc; medium. 32@3sc; Lsghorns and
other light stock. 26@2sc; ROSTERS, -
@20c.
puckg--white PalSins. pounds and
over. 2s@s0c; Muscovy, pouads and
over, z3@2bc; puddle, pounds and
over, 24@z6c; all kinds. small and
thin. 16@20c.
Guinass--Two pounds ana over. 600
Toe; smaller zoos
Turkeys--Young, pounds and over,
hens. IS q 3sc; EobblerB, 30@3sc. crooked
breasts, 20@22c: old toms, $50 2Be.
w. EDGAR HARRISON,
Local Representative.
The Washington times., 1930-03-01
LOCAL PRODUCE
(Wholesale quotation


Eggs-Whits hennsry, asci eurrsIt
receipts, 25@2sc.
Live pouitry-Turkeya young hens,
3sWsBe; young toms, 500 s2c; old toms,
s7c; Rhode island REDS. s5e; Sroiisrs,
hens $50 ssc: Leghcrn hens, aSe;
ROSTERS, Use; large young dueka 200
Dressed poultry--chicksns ss@s7e;
fowls. 2s@ 3eei ducks, 20@2Sc.
Dressed hogs--io0 to las pounds;
sta@i4; $50 to 900 pounds sI1@IS.
Galvsa-Top grade, s13.
Lamhs-choice, i3c.
Apples--suppliss moderate; demand
light; market STEADY; barrels, Virginia,
Y: 2, No, I, ~ inches up. stayma9s
s. No. /. az inches up, badly scaided,
aS@S.S0; boxes, Washington, extra
s4@I25; Winssaps. sS0s.i5. mostly ss;
inches ss'1fs' ap plsef lsfslR1a Rass ,iso 81 Si75
Ysorks. mostly $3.50: inches up. Yorks
iachss up' yorks 81, 10; saldSins. s .l.s6;
Northwestern Greetings, Sits.
asaa GassisiS:" Ts sasst st4ss sHD ssSRD'i rps lsss
iM bushel. hampers pointed type. 2.75
@s; few higher. Old stock; Supplies
steady S Holland, a1S ioo.posna snt ba.Eets maFass
cslsry-supplisa moderate; demand
light. market steady. Florida. 1o-inch
crates, all sizes, s2.2s@2,Se.
nshs; market stssdy, California, taa eratss'
Iceberg type, IS dosen. sa@s,s6; some
Shiny low as $2.
:, tss oniona.s1ppliss lisht; demand light
yelIows, y. 8. No. /, large sizs. s2,260
s.sS; medium to large sIge, aa.15@225.
Colorado. 6o.pound sacks, Valencia type,
v'Fy Foacssa aasss slSs stes9a toes! supple. moa.r
ate;. demand moderate; market slightly
weaker. Maine. ls0"poupd sacks. Green
Mountains y. 8. No. J., SA,AoG Ae0i 100.
pound sacks Green Mountains, Y. 9,
light; demand slow; market dull. Flor
ida, bushel crates, siiss Triumphs u
Sweet potatoss-since Tuesdays re-
market, duii; East shore, Maryland,
bushel hampers, Yellows. No. /. SI.2B@
lao; showing decay, Soc 0$i; North
Carolina, bushel hampers and bushsi
baskets Porto Ricana No. 1. mostly
Tomatoss~-suppliss, light; demand,
light: market, dull; Mexico. lug boxes,
ripes and turning, wrapped. Sxs and
sxs, $3.50; Florida, s., ripes and turn
String Bsans-suppliss. light; demand,
light; market. firm. Florida, bushsl
hampers. green. flat type. fine quality
and condition. $Aso@S; round type,
Peppers ~ Supplies. light; demand
light; market, firm; Florida, pepper
crates. fancy, ss@6.60; choice. s505.s0.
Squash Supplies, light; demand. light;
market, steady; Florida, busheI han-
peEs. white, wrapped; very large sisaS,
$2.7S
Psas-snpplies light; demand light,
market firm. Mexico. ts-pound crates,
Carrots Supplies moderate; demand
light market dull. Texas Western let
tuee crates, punched. S3.60@s; ordinary
quality low as SS.2S.
Bsets-~supplies moderate; demand
light. market duh. Texas. WesteEa let-
tuce crates, punched, $3.50 03.7S.
CucumbeFs--Supplies light: demand
light, market steady. Illinois and In.
diana, two-dezen cartons. hot house,
extra fancy, So; fancy, &27B; No. i,
81, 50; showing decay, 32.00.
StrawberFiss--Supplte moderate; de.
mand light; market steady. Florida,
pony rsfrigerRtors various varieties,
4o@45c, mostly 4oe; few poor eondi-
tion, condemned s2-quart crates, various
varieties, some fair condition. 2S@ Ace
per quart
The Washington times., 1930-03-01
MELLON URGES
DOUBLE TAX
HALTED

Secretary of the Treasury Mel
lon moved to lift another fetteg
from business expansion yesterday
when he appeared before tho
House Ways and Means Commit
tee in support of a bill to stop
international double taxation"
He recommended that where an
American corporation, Is doing
business abroad, no tax shall be
levied on profits made and distrib-
uted abroad, provided foreign
countries agree not to tax in their
countries profits made and dis
tributed in the United States by
their nationals.
AS the law now stands, when .
corporation such as the Ford Mo.
tor Company, reaps q profit
abroad, the country in which 1t is
made levies tax and the United
States also takes a toll from IL.
Foreign countries do the same
on their corporations doing husi
ness here.
The United States taxes an
profits made in this country.
regardless of whether they are
made by Americans or foreigners.
Mellon said:
"The movement to nnitigate
the evils and burdens that arise
from the taxation Of the same
income, profits or property bX.
two or more countries, has IN
recent years gathered cOnsideg.
able momentum, due to the
high postwar tax rates and 60,
the growing realization that
double taxation Of this char
acter Is unscientific and I'M
sound. II
"The opportuness Of the pro-
posed bill is shown by the,
fact that in the course Of the
last year this Government has
received informal advices from
Canada, Great Britain, th@
Netherlands and Switzerland
that they would welcome the
possibility Of entering into re-.
ciprocal understanding with the.
United States"
Mellon said the French gov
ernment wishes to conclude q
double taxation arrangenert, and
that Germany, Denmark, Sweden
and other countries are expected
to do likewise.
Representative Garner (D.). az
Texas, q member of the commit
tee, questioned whether the Mel.
lon proposal would result in an
increase in revenue. Instead.
Garner predicted 1t would reduce
the revenue.
Furthermore, Garner asked
Mellon whether his proposal was
in violation Of an agreement be.
tween Republican and Demo
cratic congressional leaders, See
retary Mellon and President
Hoover that the $160, ,000, 900 tax,
reduction made by Congress
shortly after the stock market
panic of last October, was to be
the only tax legislation at this
session Of Congress.
Mellon replied that he did not
believe the recommendation In
any way violated that agreement,
that the present proposal affects
an administrative feature Of the
law and does not touch rates.
The Washington times., 1930-03-01
ATTENDS
GRAIN MART
HEARINGS

Following a conference with
President Hoover, Secretary Of
Agriculture Hyde, accompanied BY
Chairman Legge and Samuel r.
McKelvie, Of the Federal Farm
Board, left last night for Chicago
to hold hearings there today on
the grain situation.
The Secretary at present has
no intention Of urging the clos
ing Of grain exchanges, he said
He win reply to the congressional
resolution urging such action
when he returns to washington
he added.
The conference In Chicago, II
was understood, viii include q
discussion Of the boards policy tc
extend Its operations beyond the
grain actually held by member co,
operatives to the holdings Of In
dividual farmers.
1t is unlikely, however, that
such q step will be taken by the
board, 1t was said. Tentative
operations along these lines sev
eral weeks ago led to alleged
abuses by commission men, who
bought the grain at q low figure
and then sold 1t to the Farm
Board under the sI.is stabilize
tion rate.
Unless some steps can be taken
to guard against q recurrence of
such procedure, 1t Is hardly likely
that the board will be induced
to deal with individuals. 1t was
reported.
Meanwhile, with the Farm
Boards Wheat Sterilization Cor,
poration In control Of 25.0O0, 900
bushels OF grain either by pur.
chase, loan, or contract, the Gov.
ernment is apparently emerging
decisively victorious from its first
skirmish with private interests.
Chairman Legge has ignored
protests Of grain commission men
who claim the Government s
constant offer Of $i.lS q bushel
for wheat is running their bust,
ness. They charge that the e.
fort Of the Farm Board is to
stabilize the wheat price for the
farmer, regardless Of what out
side interests 1t may hurt
Before departing for Chicago,
Chairman Legge conferred with
Senate leaders at the Capitol,
and Senator Watson, Of Indiana
and McNary, Of Oregon, expressed
their approval Of the boards pro
gram to stabilize the wheat and
cotton markets.
Both Senators favored addi-
tional appropriations for the
Farm Board II needed, but the
chairman Is understood to have
told them the available funds
are sufficient.
The Washington times., 1930-03-01

Your time ID valuable save 10
when IN search of apartments BY con-
aultinE Times Classified Ads.
The Washington times., 1930-03-01
NEW YORK

NEW YORK, rst. 27,-Produes:
or tbs fGr ts asys il reached yss the t2p 1gss
and the outlook for heavier supplies
continued n the downward trend in
Rsy sod dhT ihs sso Ssik ssd sst ~sst
Wholesale; about is@lsc per dozen
lever than q sven date e year ago.
.1stss. wnl.s: closely .slsstsd extras sss
sohc: nearby hennery browns, top
SSpaaisy' Sponn ira slgsias ss nearby gathered
rent collections mixed coiors closely
selected extras, 2s02shc; extras,
Irsts I ss .ss extra p.ets frsts o. ssH 92ae
Sac: extra firsts. $50 firsts, 500 ale;
Western gatheHRd whites. esq q soc
Batter; Market ruled steadier today
trading was only fair Supplies con
tinued ample and dealers were free
sellers Ihere was moderate conf
Mediums ana undergrades i STEADY sdss@siid, With
sAf tsr .oid HidifegaGs toasy SEaas table but
e e against bi1a @s2c year ago, Mar
ssh extra tss seora a1Ea'F s4%e ssSE' 9.f. ssg
ls0@si Rcorel ssh gS4c; flrsts tSs6
SO scorel 32h 03Se; seconds fg4mS7
sscorsl soMas2e: lower Rradea asa
Cheese: There was moderate trading
on all styles Of New York state cheese
during the week. but prices were we'll
sustained on both freR and cured
stock. Market steady New York state
held. fancy to specials 229s6c; fresh,
fancy TO specials, 1917 01shc
ply Of all kinds during the week and
with q fairly active demand fowls and
broilers advanced in price Not suffi-
Long Island ducks were lie per mound
lower Market closed steady to firm.
Fowls: colored, 5be; leghorn, 35e.
Brollers: rocks. 3e840e; reds SD % Sget
leEhorn. 34935e. Puliets crosse. aa-
cordtng to variety. Capons ssd 45c; +;
slips, 29M26c. Ducks, nearby 24n25c
Long Island. Csc. weak. Pigeons: per
pair. s5M4oc, Squads: per pair Soc
Jumbo sauabs: $1,000 81 So
The Washington times., 1930-03-01
PHILADELPHIA

PHILADELPHIA, Feb. as.--Prcduee-ss
Butter--Advanced he: 0uotationgs
Higher scoring. ssh@ssAc: 90 scorss
Sshc; 81 score, 3Akc; 90 score sAes
50 score: san @sse; IS score. sae: AZ
Esgs-pselinsd 10. Extra firsts.s
2shc; flTsts, IN new cases. 77e: fiFstss.
u secondhand cases. 2sAe; seconds
cheese--In fair demand ana steady
Qnotations: whoIenllk Longhorns. sl3
92?hc: single daisies, fresh, 2I@ 32c.
Live PoultTy-~FewIs not leghornss
leghorn fowls. fancy. 31c: ordinary. 36@
soc; spring chickens, Plymouth Rock.
fancy. s49s5c; ordinary. 30@3sc mixed
colors. fancy. 33@34c; ordinary. 100
sic: fancy roasting chickens, Weighing
lbs, soft-Eneatsd. sic; fancy Plymouth
Rock broiiers, s703 3sc; do. naked eoIorss
2S@ssc; unattractive and barebacka.1
old rcUsters. 22433c; turkeys, fancy,
young hens, soc; young toms 3se; old
gobblers, 2Sc; ducks fancy, whtta
Pekins, 2s93oe; mixed colors. rs @3ses
Muscovy, 22@23c; guineas. young.
weighing lbs. or over, per pair. s1.50s
old, per pair, 81; poor stock and cuIIs,
lower; geese, fat s0Q22c; ordinary.
1919; pigeons, per pair. 4oc.
Dressed Foultry--Quotations: Kowiss
fresh killed, In boxes, weighing { lbs, aP
over. SOC; to 81 lbs. % G2se: az
chickens stags. according 10 siss. 23@
zee: old roostsTs, dry-ptcked, Westarn.
5 lbs. or over. 2sc; under 3 lbs. 73@5
24c; turkeys, Western fancy aT@a9es
fair to good, $40 @sSc; old tom4 a3@ s3e.
The Washington times., 1930-03-01
Rev. George E. Schnabel
To Preach Twice Sunday

The Vision We Forget" will be
the sermon subject tomorrow
morning Of the Rev. George Il.
Schnabel, pastor of the Albright
Memorial Evangelical Church. In
the evening he will speak on THE
Shepherd Of the Hills" Motion
pictures will be shown.
The pastor will deliver q, SER
mon Wednesday night on "The
Church We DO Not Know" at the
first Of series of Lenten services.
The Washington times., 1930-03-01
PRODUCE SHIPMENTS

Carlot shipments reported for the
entire United States for Thursday:
Arples--New York. 80: Pennsylvania,
10: Virginia, 80; washington. IaT; West
Virginia, Il others, IS. Total, 244.
Lettuce--Arlgonas g; California. 242;
Florida, 9; Texas. .. Total e6a.
Onions Indiana, a.: Massachusetts,
others, rs. Total, II.
oranEss-california. i2i; Florida isT.
fetal, 2ss.
Potatoss--Coiora So; Florida, 10:
Idaho, 10; Maine. 242; Michigan, 81;
Minnesota, lss; Leng island. g.: New
York. "A. Pennsylvania, q; Wisconsin,
4ei others, i2o. Total Iy3.
The Washington times., 1930-03-01
GAIN IN TRADE
OBSERVED BY
u s. REPORT

Steadily improving business and
onnmerclai conditions were re
ysaied In the report Of the Com
merce Department for the week
ended February ~, Issued yester-
day.
steel operations continued to
gain and are gradually approach
Ing the 1929 level. With the
iezs.25 average taken as the
basic 100, the steel index stood
at 1855, compared with l1T.1 q
year ago.
The volume Of money turnover,
as reflected By check payments,
took 4 large Jump, the index
standing &C 1907 as compared to
1904 IN the preceding week. 1t
was stilI below the 1929 level,
however.
Department store sales for Jan
uary averaged 4 per cent smaller
than In the same month last
year, according to the monthly
review Of the Federal Reserve
Board. The Boston district, with
d gain Of 8 per cent, and the New
York district, with q gain Of 2
per cent, were the only districts
In which sales exceeded the 1919
record.
IN New York city proper, the
increase was 4 per cent, and in
Boston, 8 per cent. The largest
gain for any city was IL per cent
for Oakland, Calf, while the
greatest loss, 26 per cent, was
register by Minneapolis.
Reporting on conditions in gen
eral, the national business survey
conference said:
Confidence In business con.
ditiOns In the coming months
Is certainly reflected In the
plans Of businesses engaged In
nationwide advertising. Their
actual appropriations for ad.
vertising this year exceed By q
substantial margin the ap-
preparations which they made
and spent in 1929.
"The business men of the
country have placed such orders
for machinery In les various
forms that the establishments
making machinery are now using
more employees than they had
In the early part Of last year.
Orders booked for structural
steel are running ct A per cent
under last year and rs per cent
over orders in this part Of 1925.
The corporations Of the
country have been obtaining
new capital I'm larger amounts
In the first eight weeks Of this
year through sale Of their
bonds and notes than they
have obtained in similar
way during any corresponding
period since 1927.
General confidence I'm these
businesses is evidenced in q
recovery something like rs per
cent since November In the
market price Of their capital
stock.
Personal readiness for COM
mitments appears In sales OF
life insurance to individuals in
larger volume than In the early
weeks Of 1929, and In install
naent sales which continue in
. volume nj least as large as
this time last year."
The seasonal decline In pay.
rolls last month was only II
per cent greater than la 1899,
the report added.
The Washington times., 1930-03-01
NEW YORK CURB MARKET
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