davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-08-08
oil PROPERTY
APPRAISED +.

Properties owned or controlled
by the Pacific Western Oil 'Corpo-
ration. exclusive of real estate val
uations, surface equipment, ma.
terial, supplies, ETC., have been In
dependently appraised at $50. &C.,
600, compared with $33 DOC. 900.
the figure carried on the COM
p~ ny's books.
The first estimate attempted
since acquisition by the company
of the Kettleman Hills and El.
wood holdings was made by Rob
ert B. Moran, independent con.
sulting petroleum engineer and
geologist, and his findings have
been compiled by Blythe d Co.
Inc, in a circular now being dis
tributed.
Total recoverable oil from the
proven reserves Of these proper
ties is estimated at 86 ,O0O, 600 bar.
relS. The company's properties as
Of June 80, last, comprised 43. .467
acres in California, of which
$4,000 acres are owned in fee and
the remaining 1O,487 acres held
either under lease or working
agreement. Of the total acreage,
1000 acres are proven. The re-
mainder includes several impor-
tant properties that are 1logic-
ally well located and from which
it is expected valuable additional
reserves will be developed.
The. circular calls attention to
the present attractive. yield on Pa
cific Western 612 per icent sinking
fund gold debentures. which, with
$14,S13, 500 outstanding on June
80, last, constitutes the company'S
sole funded debt. For the first
half Of the current year the COM
pany earned pproxhmate'- three
end one-half times t he interest on
its funded debt, asFainst thr e e
times such interest charges last
year. This improvement in earn
ings was effected despite the fact
that 1890 potential production
was cut nearly in half in accord
ance with the general conserva.
tion program.
The Washington times., 1930-08-08
Oil Well Produces. Il Mos. Cuban Sugar
1881 Barrels DniIu Exports Drop IOOn

Pacific Western Oil Company's
well No. ,92.5; drilled almost a
quarter Of d mile from shore in
the Elwood field, flowed at an
average Of 1881 barrels of net
clear. oil per day for a five-day
test period, according to word re-
ceived here. ~"o ~.' =
This exceeds by almost 2,O0O
barrels the record formerly held
by another Pacific Western well
on the same lease, but which was
drilled not so far from shore. The
company announced plans under
way to prospect for oil to the ut
most limit of the Elwood lease, q
distance Of nearly one mile out
into the Pacific Ocean.
The Washington times., 1930-08-08
Weak Drag Despite Leaders, Strong Suppon
Wall Street
Hears:

The American Smelling (AR)
win be among the first TO re-
fleet improvements In the
metal markets.
The Standard Oil Of Cali
fOrnia. (SCD) has . good spOn-
sOrship. This company b
slated for q merger with stand.
ard Oil OF New Jersey IL the
SOcOny.Vacuum OIL union iS ap-
proved BY the courts. r
That Air Reduction (ADN)
Is seeking another company.
The company has applied TO
the stock exchange to list 2S,-
600 additional shares to be used
for this purpose.
That opinion Is still divided
on Radio (R) COmpany'S re-
port for the first half Of the
year Is due. in . few days.
That any strength In Drug,
Inc. lDRU) will be reflected I'm
American Home Products
(AHO), largely controlled by
the same interests. Latter sell
ing at o lower level pays .
higher dividend.
That caution Is the better
part Of valor for the stock
market trader now.
The Washington times., 1930-08-08
COTTON CIR D P
To BE LOW
BY international News Service

The United States will have a
cotton crop this year of approx
mately 14.362.OOO bales of 500
pounds gross weight, the crop re-
porting board Of the Department
of Agriculture estimated today in
the first cotton report of the sea
son. The forecast was based on a
condition of 62.2 per cent Of
normal on August /. Last years
crop amounted to 14,828, 900 bales.
simultaneously the Census Bu-
reau reported that 77,956 running
bales, counting round as half
bales, were ginned from this
years crop prior to August /,
compared with 86,974 bales for
1929.
The area in cultivation on July
was 44,252,000 acres and the in
dicated yield per acre was 1858
pounds of lint cotton. Last years
yield per acre was 155 pounds.
The Washington times., 1930-08-08
B. r. Goodrich Onaits
Dividend on Common

B. F. Goodrich Co. directors to-
day omitted the regular quarterly
81 on the common stock due at
this time. Although sales for the
first six months Of the year were
ahead Of the first half Of last
year the company reported q net
loss Of $1,292, ,906 after inventory
vrite-off. This compares with q
net profit Of S5.O7O.51S in the
corresponding, 1929 period. Sales
we're $4,000. 600 Saeainst S75.-
$4,000 q year ago. The preferred
dividends were paid.
The Washington times., 1930-08-08
UTILITY AND RAIL STOCKS
!. UPSETT|NG MARKET
+ Like Distribution; Drought May
? Affect Can Stocks
Nv THE SPECTATOR

The market trying to be brave but 1t has couple
Of bad actors" that upsetting the works These are
the rails Stocks started comeback Sevea
times during day weak sisters dragged them down
every time further squirt in grains TO help
The result stocks just went waverng along. The
getting good support dips This keeps things
orderly and prevents reaction from running away.
However this is Of market to play around with
It's scapers game with the possible profits hardly
warranting the risk. -
Stick to the sdeines The resistance levels stocks esab
lised last week tested It's far better paying
a little more with the clearer than taking chances
The Washington times., 1930-08-08

Exports Of raw sugar from CUBA
for the first seven months Of
1880 aggregated l,459,S05 tons. of
which 84S,829 tons went to the
United states and the balance to
Europe, Canada and other ports,
according to data compiled by she
New York Coffee and Sugar Ex7
change. .-.-.-.
The Washington times., 1930-08-08
No AmtOrg Order
For J. /. Case Co.

J.tI. Case Company denied to-
day receiving an order from the
Amtory Trading Corporation, rep
resenting the Russian govern
ment. The company has been
offered an order. but failed to
reach an agreement as to terms.
Negotiations have not been termi-
mated
The Washington times., 1930-08-08
Right Home

Smart people like B. M. T.
The stock should sell higher on its
record. Earnings for the current
year set a new high. testifying
to, the excellence Of its manage
n1ent. Lower commodity prices
should add further to its net in
come. A big drawback is the sub
way fare muddle, but this is
nlinimized by B. M. It's ability
to. make money on a Scent fare.
,Baldwin'S action marketwiSe. is
beginning to look suspiciouSly
like distribution. The stock hasn't
done much in the last couple Of
days, but volume has been abnor.
mally large for this issue. It is
being widely tipped also, another
desirable factor. The pool that
lacked Vanadium UP from 80 to
above 100 is said to be working
in Baldwin.
The Washington times., 1930-08-08
REQ Steps Up Output,
Adds 800 Workers

REQ Motor Car Co. added 600
men to the payrolls Wednesday
and will add 500 more within 10
days. Schedules are being speed
ed up preparatory to announce
ing new models.
The Washington times., 1930-08-08
Fenner Made Head
OF Vortex Gun Co.

Robert C. Fenner, president Of
the r. C. Fenner Co.. of Chicago,
was today elected president Of
the Vortex Cup Co.. succeeding
P. r. Potts, who was elected
chairman Of the board.
The Washington times., 1930-08-08
Loans

BROKERS loans are right down
at bottom again. They were off
$1A,00O,OO0 more for the week.
The market has been lower dur
iris the period covered by the
Federal Reserve report. 1nd1cat-
Ing that a decline was In order.
Bonds have been making new
hikhs almost daily, and their
strength has probably helped
dealers move a block or two they
have had on their shelves. This
would bring loans. down also. /
also suspect there has been some
quiet liquidating in some Of the
Wobbly groups, particularly utili-
ties and rails. Strong box sell
ing in the former group would
not be surprising in view Of the
rate and earnings outlook.
AS for the rails, while some
dividend changes are likely II
profits don't snap back, investors
who hold the higher calibre car
riers like Atchison, Central, Penn
sylvania and Baltimore and Ohio,
shouldn't be scared into Sacritic-
ing them.
Bullard is a speciality worth
watching, but don't touch it for
a. while. See how it behaves
marketwise. The stock has been
Sagging the past days. The rea-
son for this appeared in the re-
port for the first six months,
which showed a loss Of So, 900.
The dividend may be in danger
if earnings don't pick up. The
company's new metal cleaning
process adds speculative flavor,
but the stock seems headed for
30oand may go lower. II 1t breaks
231a. its low for the year, leave it
alone.
The Washington times., 1930-08-08
Here and There

yesterday Electric Power and
Light, American Water Works,
and Southern Railway were out
standing. Southern made another
new low for the year. Freeport
Texas is highly regarded in con-
Servative quarters. So Is Hershey
Chocolate. The bulge in grain
prices the past few days Is at
tributed to public speculation.
If so, it Is a sign that there is
still a lot of buying power left.
Bulls consider this a good omen
for the market. There is some
talk in circulation about Case
ThreShing. It hasn't been acting
we'll. I believe its long term out
look is good, but / wouldn't touch
it for a while. Montgomery Ward
has been steadily absorbed Of
late. There is a better feeling
around about the stock, and it
seems to have seen the worst. 1t
is selling currently at approx
mately its book value.
There is a steadily growing be.
lief that the coppers are at bot
tom. I hear that one Of the big
gest and best-known bulls has
been confining his operations to
scalping the past week. He has
been trading in Loew'S, United
Aircraft and Vanadium. The low
down in Vanadium for the mo-
ment seems to be that it is a
beautiful speculative medium.
The Washington times., 1930-08-08
Out of the Can

Statisticians have been sharp
ening their pencils and working
out just how much earnings Of
American Can and Continental
Can will be affected If the drought
turns out to. be as serious as 1t
promises to be. The result was
more favorable to American Can,
for it was determined that a
smaller proportion Of its pack
was in danger than Continental's
However, the first half year is
gone. In addition, there has been
some rain in the agricultural belt.
While the outlook seems tenn
porarly bearish, both companies
are in excellent shape and Splen-
didly managed. I advise the In
vestor to watch their action in
the market, and believe they are
a buy if they go very much lower
Failure of the Warner Brothers
directors to take any action on
the common stock dividend has
thrown a further cloud over the
situation. I have consistently
advised against touching the
stock when it was selling in the
40's and I repeat this now. Wait
until things are cleared UP.
The Washington times., 1930-08-08
LOCAL STOCKS .

FURNISHED by W. B. Hibbs 1 Coz
SALES
After call-Potomac Electric
512 per cent pfd., 10 1O9.
National Mortgage and Invest
ment pfd., 2O051s. -,
Chesapeake and Potomac Tele-
phone Of Virginia 5s, $1,000 100. {"
Potomac Electric Consolidated
5s, $1,00O01O3. s..- =.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-01
TWO NEW DISTRICT
JUDGES TAKE OATH
Oscar r. Luhring and Joseph
w. Cox Indicted Into Office
With Ceremony.

In court room empowered in flowers
and filled to overf1owing with friends,
Oscar r. Luhring of Indiana. former
Assistant United States Attorney Gen.
eral, and Joseph w. Cox, Washington
lawyer, were indicted into office this
morning as associate justices Of the
Supreme Court of the District of
Columbia.
Chief Justice Alfred A. Wheat, ad-
ministered the oaths while Associate
Justice Peyton Gordon sat with him on
the bench. The two candidates were
seated Immediately before the bar of
the court and the chief justice calling
first on Mr.. Luhring asked him to re-
peat after him the judicial oath to
do equal justice to the poor and to
the rich. When Justice Luhring had
resumed his seat, Justice Cox arose and
took a similar oath. f~,s
At the conclusion of the brief cere-
mony the two new justices held a
reception and received the fluctuations
of the large number attending the
ceremony. Chief Justice Wheat and
Justice Gordon were first to extend
congratulations.
A number Of representatives Of the
Department of Justice were present as
was also Mrs. Mabel Walker WILLIE
brandt, former assistant United States
attorney general. Members of the
families of both of the new jurists had
seats provided within the rail and
lawyers, court officials and others over
flowed into the corridor.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-01
FEDERAL WORKER
FINISHES SO YEARS
Veteran Post Office Department
Employe Retires From
Active Duty.

Ending more than SO years service
in the Post Office Department, Elbridge
P. Rhoderick, rs, one of the oldest en-
ployeS in the Government service, yes
terday was retired.
At q ceremony at the department
fellow workers presented Mr.. Rhoderick
with handsome clock, Second Assist
ant Postmaster General w. Irving
Glover presenting the gift to the veteran
employe
A native Of Frederick County, Md,
Mr.. Rhoderick went In his early youth
to Illinois, and from that State was
appointed to the Government service,
first as a compositor in the Government
Printing Office. He entered the Gov
eminent service on December /, 1873,
and set type for the first issue of the
Congressional Record printed in that
Office.
On July l, 1880, he left the Govern
ment Printing ONCE to take a clerk
ship in the office of the Second As
sistant Postmaster General division of
contracts, and in that division received
many promotions, becoming, finally,
chief of the division, position which
he held for about 10 years. He also has
held supervisory positions in other
bureaus of the Post ONCE Department.
Mr.. Rhoderick has been granted ex-
tensions Of service to the limit of the
retirement law. His retirement be-
comes effective August 81, but he quit
work yesterday, taking his annual va
cation for his last month OF active
service.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-01
GREECE THANKS u. S.
FOR FRIENDLY TOKEN
American Fluctuations on indie
pendence Centenary Bring
Warm Appreciation.

Through the United States Minister
at Athens, the Hellenic government ON
cially has expressed its profound grati-
tude to the President of the United
States, the House of Representatives
and to the American Government, for
the sympathy which has been shown to-
ward Greece on the occasion of the
centenary of independence and for the
friendly sentiments which the American
people do not cease to show on every
occasion toward the Greek nation"
In a message to the American Minis
ter at Athens, the Hellenic minister of
foreign affairs said that "the manifes-
tationS OF Sympathy toward Greece
shown in the American House of Rep
reSentatives on the occasion of the CEN
tenary of Hellenic independence have
created deep impression in all political
circles and upon the public generally.
These marks of friendship. particularly
the recollection of the historic motion
of January 10, 1924. and the fact that
the United States of America was the
first foreign state to recognize Greece as
an independent nation, have given to
the Greek people a new occasion to
manifest their profound gratitude to-
ward the great American Republic"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-01
TOTAL OF 10000
RETURNS NOW IN
FOR PERSONAL TAX
Between $4,000 and 10000
Delinquents Expected to
Be Listed by Assessor.
FLAGRANT CASE TO BE
TAKEN IN COURT TEST.
Warning Through Publicity Would
Result in Prompter Filing,
Is Belief.

With todays early mail included. ap-
proXimately 10000 personal tax returns
have been filed with the District asses
sor since yesterday, when the time limit
for filing declarations of tangible and
Intangible taxes expired.
All returns received through the mail
which do not bear the date of July 81
will be subject to penalty under the
law. Deputy Assessor c. A. Russell
and 10000 relinQuentS this year.
The augmented Office force, which
remained on duty from $50 o'clock in
the morning to 5 o'clock in the after
noon yesterday to take care of the final
rush, was equally busy today sorting
approximately $4,000 additional returns
received through the early morning mail.
There was a continuous stream of tax
payers In the Office yesterday, with adj
ditional belated arrivals today.
Bills will be sent out in September
for personal taxes on the basis of re-
turns in the month just ended. Deputy
Russell said all delinquentS who have
failed to declare their personal tangt-
BILE and intangible property will be sub
ject to the 20 per cent penalty.
1t is not planned to bring wholesale
court action, Mr.. Russell explained. The
tax assessors Office will single out some
very fragrant delinquent who deliber-
ately refused to file return for court
action. Such case, Russell said, would
be given wide publicity as warning,
which, he believed, would be sufficient
to cause all delinquents to make their
payments promptly in September and
March, thus avoiding the cost of court
proceedings in addition to the 20 per
cent penalty.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-01
SLIGO PARK ROAD
BIDS ARE ORDERED
0ne-and- Two-Tenth Miles Author
lied at Eastern End
of Valley,

Advertisement for bids for the con-
Struction Of IL miles OF road which
would open up the eastern end of Sligo
Valley for park use was authorized yes
terday by the Maryland National Capt.
tai Park and Planning Commission.
This is the first step in the park de-
velopment program planned for Mont
gomery County in line with the~general
system of parks for the metropolitan
area surrounding Washington. The two
principal Montgomery County links in
the chain of parks are Sligo and Rock
Creek Valleys. Negotiations are under
way for the acquisition of land which
would permit the opening up of the
Rock Creek tract by road building. The
land on which the road in Sligo Valley
is to be built was donated by several
owners.
Funds for the work are to be drawn
from the treasury of the planning COM
mission, which contains approximately
$4,000, partly raised by taxes and
partly appropriated by the State of
Maryland.
Bids for the road construction are to
be received on August IA at 1880 o'clock
in the morning at the offices of the
commission in the Tower Building,
Washington.
Plans and specifications were drawn
uiluCI LIlC OAcCtlOIt Oh SIlleI engineer
Irving C. Root. They were submitted to
the commission last week and referred
to j. Bond Smith, general counsel, for
approval as to their legal aspects. Upon
receipt of favorable report from Mr..
Smith yesterday the commission or
dered the advertisement for bids in the
Maryland News and the Montgomery
County Press.
The proposed road is in two parts,
paralleling each other on east and west
sides of Sligo Creek. The portion on
the west side is to run from Maple
avenue to Blair road and that on the
east side from Maple avenue to Mis-
sisSippi avenue.
The specifications call for an l8-foot
Stag surface with 5-foot earth Shout
ders on either side. Bids for the work
must contain estimates for grading and
draining, as well as for the actual build
ing of the road, according to Mr.. Root.
The commencement of park develop
ment In Montgomery County is entirely
independent of the Cramton act. The
commission has not yet decided whether
1t will participate in the financial pro-
visions of the measure, nor has any def
mite plan been formulated by which
it could commit itself to repayment Of
o Federal loan In case such participa-
ton was authorized.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-01
MAN IS FOUND DEAD
AT HIS NE|GHBOR'S
Verdict of Suicide Given in
Death of John T. Cassidy,
Ex-Navy Mate.

John Thomas Cassidy, 1901 Potomac
avenue, Potomac Heights, was found
dead on the front porch of neighbors
house this morning with what police
believe to be a self-infiicted bullet
wound in his heart. A Navy service
revolver lay beside the body.
Cassidy, a retired Navy chief phar-
machist's mate, who was SO years old to-
day, had been, according to police, in
respondent mood.
Mrs. Mildred Cassidy, his wife, told
police today that her husband was in
nervous state last night. She said
they went to bed at their usual time,
but that Cassidy, some time before 5
o'clock this morning, got up and
dressed and went out of the house. She
said she walked up at o'clock, and,
finding her husband had gone out, went
in search of him.
She found his body on the front
steps of a neighbours porch, at 53l1
Potomac avenue.
Mrs. Cassidy told police her husband
suffered a nervous breakdown about
three years ago and recently has been
wrought up over the plans of the city
for changing the grade of Potomac
avenue and cutting off five feet of the
plot in front Of his housS for street
widening.
Coroner hewitt issued a certificate of
suicide.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-01
WOODS FIRES RAGE
OVER LARGE AREA
School Near Waldorf Ablaze and
Government Farm En-
croached On.

Spreading with alarming rapidity,
forest fires in widely scattered sections
Of Prince Georges County kept practi-
cally all the volunteer firemen, register
ed crew men, and forest wardens busy
all yesterday afternoon and last night
battling flames that burned over IL
square miles of brush and woodland,
threatened public school building near
Waldorf, and encroached on the United
States Animal Husbandry Farm at
BeltSville.
Appeals for help broadcast from
Washington radio stations brought out
hundreds of residents of the District of
Columbia and nearby communities to
join the ranks of fireflghters who battled
more than IL hours before extinguish-
ing the Beltsville blaze.
Although some of the newly pur-
chased land of the Department of
Agriculture's 2,300-acre farm at Belts
Vile was burned over, the farm itself
was never seriously threatened, accord
ing to B. F. Brandon, husbandryman in
charge.
The fire was first noticed about noon,
apparently having started several hours
before. Successive calls for help be-
tween that hour and z pm. brought out
the volunteer fire companies of Mount
Rainier, Bladensburg, Cottage City,
Brentwood Riverdale. College Park, Ber-
wyn, Berwyn Heights, Laurel, Branch
vile, Capitol Heights, Greater Capitol
Heights, Bowie, Seat Pleasant, Rock
vile and Bethesda. No. 10 engine
company from Washington also re-
sponded.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-01
EIGHT NAVY GUN FACTORY
employees ARE RETIRED
Workers in Cold Metal shop Ter
inmate Service Under New
Law Provisions.

Eight employees of the cold metal
shop. Naval Gun Factory, are being re-
tired today in accordance with the new
civil service retirement law.
The men to be retired from the va
rious trades are j. G. Funk, buffer and
polisher; G. w. Snyder, boilermaker;
E. D. Wilson, cartridge caSemaker;
c. F. Winkelman, coppersmith; w. S.
Stetson, sheet metal worker; c. A.
Lyons, coppersmith; j. A. Kraus, boiler
maker, and j. E. Bremen, sheet metal
worker.
Tribute was paid to the long and
faithful services of these employees by
II. LeLaurin, master mechanic at the
cold metal shop, who praised the eek
cellent service records and standing in
the communities in which they live"