davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-08-15
FOREIGN TRADE
SAID To HAVE
SLUMPED
U. S. Commerce Department
Announces Trade Declines
To All Nations But Russia

Foreign trade slumps to all
principal countries, excepting
Soviet Russia, were announced
by the Commerce Department to-
day for the first half of 1880.
Russia's requirements of Amer.
ican goods took a remarkable
jump from $3O,874,000 in the
first half Of 1929 to $73,231, 900 in
the same period this year, in
spite of the widespread agitation
directed at Soviet business in the
United States.
The United States also bought
more goods from Russia during
the period. Imports from the
Soviet amounted to $11,211, 900,
an increase Of about $1,000,000
A number of restrictions were
placed against Russian imports,
but in each case, when the mat
ter was brought up in public
hearing, the epbargoes were
lifted.
All exports and imports drop
ped off by $1,O9O.000,0O during
the first six months of the year,
indicating one of the smallest
foreign trade records since the
war.
European exports of $952,O57,-
600 were $165. .0OO, 900 lower, while
imports of $510,894,000 from the
continent slumped off $145,000,-
600.
Canada, Americas principal
customer, bought goods valued at
1871 100000, a drop of $31,000,-
900, while exports to the United
Kingdom of $338, 100000 were
$64, 100000 down. Canadian ex-
ports to the United States
amounted to $4,000, 900, a re-
duction of $29, 100000. japanese
exports were $136, 900 a re-
duction Of $65,0oO,0O0.
The Washington times., 1930-08-15
took Still Haz Although Market Stronger Spectator ecaes
Utilities Break Due
To Their Low Yield,
Opinion of Experts

long will it be (if ever) before
their earnings will justify Ameri-
can Telephone at 800, Standard
Gas at 100, North American at
100, Pacific Lighting at los, ETC.?
The same questions apply to
such stocks as General Electric,
Westinghouse, du Pont, Eastman
Kodak, Allied Chemical, Union
Carbide. The stocks Of these
splendid and strong companies
have recently been selling to yield
between 90 per cent and 81 per
cent. They do not carry them
selves and are not likely to do so
for a long while. It is therefore
no wonder that their prices fade
away. Even without droughts
they are too high.
More Mystery Stocks
Then there are the more re-
cent speculative favorites and
mystery stocks, which led the
recent attempts to bull the
market. These include Foster
Wheeler, Vanadium, Ra dio,
Houston Oil, Johns-Manville, and
others. All were among the
heaviest losers.
Last spring sat in at a
luncheon of Wall Street stats
ticians and everyone Of the Eek
perts" said that Vanadium would
go much higher. AS I remem-
Der, it was then about lis. Tues
day it sold at 1874.
The long and short Of it is that
we are getting down to a real
investment basis where earnings
and yields count. The process
may take a long while, but the
market is not going to be right
until these overbulled issues come
down to join the other good
issues which pay a decent return
to the investor.
For investment and the long
pull, you can safely buy the
reasonably priced stocks of strong
companies. But avoid the over
priced issues, no matter how good
the company may be.
The Washington times., 1930-08-15
DUE
TO IMPROVE,
AYRES SAYS
Noted Banker Predicts In
provement Next Month";
Prices Reflect Confidence

CLEVELAND, Aug. IS U.N.So
While business sentiment has
definitely improved during the
past month, business statistics
have been getting worse instead
Of better, Col. Leonard p. Ayres.
noted banker and economist. de-
clared today in his monthly re-
view Of business conditions.
Industrial production dropped
to new low levels in many lines
in July, Ayres said, and railroad
transportation shrunk notably.
Both wholesale and retail trade
Jagged badly also.
Despite these unfavorable con-
ditio11s, Colonel Ayres predicted
that figures for industrial pro-
duction and for transportation
will be better in August, and
that an upward trend viii be in
evidence in September. These
changes, however, do not prom
ise to be emphatic. he said.
The movement Of security
prices, Ayres said, has reflected
the growing confidence that i'm
provement impends and bonds
have been strong and stock prices
moved up almost continuously
from late June to the closing
week of July.
Operations in the iron and steel
industry continued their long de-
cline during the first half Of
July, Colonel Ayres said, but
reached at least a temporary level
Of stabilization in the second
half. At the close Of the month
steel mill operationss were at
abuot 81 per cent of capacity.
The Washington times., 1930-08-15
Va. Public Service
EOTninQS Increase

Gross operating revenues of
Virginia Public Service Company
and subsidiaries for the second
quarter of 1880 were $1,853, 1856,
compared with $1,685, ,412 in the
second quarter of 1929. Balance
available for bond interest was
$685., ,428, compared with $3.50, 1923.
Net for retirement and dividends
was $449, 1893, compared with
$339, ,6O3.
For the IL months ended June
80, gross operating revenues were
$7,219,519, comparde with So, 1885,
470 for IL months ended June 80,
1929. Balance available for bond
interest was $3,466, ,764, compared
with $2,981, ,081. Net for retire.
ment and dividends was $780,
394, compared with $1,444,316.
The Washington times., 1930-08-15
STOCKS MAY AGAIN HAVE
SINKING SPELL, FEARED
Brokers Loans Decline to Lowest in Three
Years; Drought Hurts Cans;
Coca-Cola Earnings Rise
nv THE SPECTATOR

The market doing little better It stronger yester
day More shorts Stocks however into profit
taking before the close and lost some ground looked too
as though the bears had begun pounding again.
The condition strong today has
years The decline brokers loans evidence
well the huge short interest This however no
for buying stocks yet The immediate outlook still too
hay those closest to the industrial picture are much
up in the air the average outsider.
market may another sinking spell before it def
ntey sisters particularly the utilities
and Of the rails haven't been thoroughly debated yet
opinion look for selling in these groups and
they the rest of the list will slide down in sympathy In
view of this, my advice still is to wait
The Washington times., 1930-08-15
The Can Companies

The reduction of the canning
pack by the drought has put the
canning companies under the f.
nancial microscope. American
Can passed the test, though its
earnings probably will be lower
for the year than estimated. !
believe it is fairly priced on fur
ther weakness from these levels
on the basis that the buyer is
more apt to make than to lose
money by holding on even if The
stock should 60 lower for the
time being.
I have modified my former
bullishness on Continental Can,
however, on new information I
have received from well informed
sources. I am told Continental's
earnings have not been holding
I'D and that q number Of plants
6 recently secured in its expan-
sion program viii require costly
changes. would hold off touch
ing Continental for q while anC
see how 1t acts marketwise.
The Washington times., 1930-08-15
Under Pressure

Publication of the portfolio Of
Continental Shares, Otis-Eaton
Investment Trust, which show
large holdings Of international
Paper issues and Republic Steel,
curiously brought heavy selling
into these stocks. The A, B and
G shares of the former all broke
into new low ground for the year,
as did Republic Steel.
The action of these stocks
looked like large scale liquida-
tion. international Paper has
had q. hard row to hoe for the
past few years and evidently
isn't out the woods yet. Selling
in Republic Steel indicated ap-
prehension as to the safety Of
its 81 dividend. Some announce
ment was expected about this
time. Republic, recently formed
by Cyrus Eaton and ranking as
the third largest factor in domeS
tic steel industry, has been suf-
fering with the others from
sharply curtailed demand. How
q ever, the company recently
brought out new a line Of pipe
and is doing a good business
here.
The $5o, 100000 decline in
brokers loans to $3,155, ,000, 900
brings the total down to the
lowest in over three years. This
compares with the all-time high
on october 2 last year. Evidently
there. was real liquidation last
week in addition to heavy short
selling.
I understand several trusts are
letting go some Of the holdings
of which they are becoming
skeptical,> and I hear more Of
this is coming. The utilities
seem in line to suffer most from
this, and my advice is to stay
away from this group.
Vanadium
7 strongly advise my readers to
stay away from Vanadiunl. ! do
not believe its present position or
its prospects warrant anything
near it's current selling price. The
company, I understand, showed
about 81 on the common for the
first six months this year, but I
am told about $3.50 Of this was
due to sale of securities, ETC., or in
come Of homecoming nature.
A price of above $50 is certainly
pretty high for stock that is
actually earning, it Is estimated,
at the rate Of less than 81 year
from operations. Earnings may
expand tremendously through the
company's new ore reserves, but
well:informed interests tell me the
prospects are exaggerated: Tlta'
MUM will never replace lead in the
paint industry, they say, though it
may be used in conjunction with
it. The low-down on Vanadium
seems to be, repeat, that it has a
small capitalization and is one Of
the best in the big board foot
balls"
I hear good deal Of bearish
talk about McKesSon & Robbins.
The inquiry started by the Gov.
ernment on alleged restraint OF
trade has aggravated this. It's di-
rectors meet for dividend action
the last week of this month, and
there is a strong belief that it will
either be cut or passed. Inven-
tories are said to be unwieldy. I
am told one banking house for
merly interested in the company
> has liquidated it's stock.
The Washington times., 1930-08-15

The Question of how badly
The Washington times., 1930-08-15

agricultural purchasing power has
been hit is still puzzling the
Street. One statistician figures
out that the total value of the
five major crops, using the gov
ernment reports as the basis, Is
higher today than it was a month
ago. Grain prices were their
lowest on July Is. They were well
above these levels yesterday, even
prices slumped. Even with the
heavy crop damage, prices are
enough higher to more than make
up the difference, it is estimated.
The Washington times., 1930-08-15
Here and There

Activity and erratic movement
Of Case Threshing reflects short
coverings followed by renewed
bear pressure. Case is said to
have received a $12,000,000 order,
but another similar report recently
about a big Russian deal proved
unfounded. The hot weather Is
said to have sent Coca Cola earn
ings well above last year. Con-
servative quarters pick American
Tobacco and Diamond Match as
their favoriteS. Weakness in Cop
per prices is disturbing sentiment
about the red metal shares, but
the coppers don't seem to be in
any worse position than a great
many other industries Curtail.
ment Of production win show up
in the long run.
The Washington times., 1930-08-15
HOWARD N A D T
DIRECTOR
staff Photo

Joshua Evans, jr., president Of
the District National Bank, an.
nounced today that at yester-
days meeting of the board of di.
rectors of the institution, Bloom
field H. Howard was elected to
membership on the board.
Howard for a time was a we'll
known patent attorney here, but
lately has devoted most of his
time to travel and to attending
to his investments. He lives at
5100 Fourteenth st. N. w.
Watermelons-Georgia 215; Maryland.
4; North Carolina, 60; Texas 46; .Tir-
ginia, Is; others, 96. Total, 436.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
.NezU Zero
Scoop on
.WayHere

Spring weather that uShered in
the new year here faced an alb
rupt end today, as a cold wave, pre-
ceded by snow and sleet, crept east
ward from the Mississippi valley
across Indiana into Ohio.
Temperatures here fell IA de-
grees between a. m. and a. m,
from So degrees to 38 degrees. The
fall will continue rapidly until to-
night. when the mercury will stand
between 5 and 10 degrees, accord
ing to j. H. Arlington, United
States weather bureau meteorolo-
gist
While at this morning Indian
apolis had not been touched by the
cold wave. Terre Haute reported "a
degrees; Springfield, Ill. Is degrees;
Keokuk, Ia, 8 degrees, and Des
Moines, Ia, O.
Rain which set in here Monday
night was expected to change to
Sleet or snow this afternoon.
Wednesday probably will be fair,
Arlington said.
Warnings we're broadcast to ship
pers and motorists to prepare for
zero weather, which is expected to
continue for several days. There
probably will be little or no snow
after this afternoon, Arlington pre-
dicted.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
FIND COUPLE DEAD;
MURDER, SUICIDE

told them her husband had threat
ened to kill her, but at no time did
she appear to consider his words
seriously. They had been married a
year.
John Phillips, who lives across
the road from the Packard home
said Packard called across to him,
II have killed my wife" Phillips
declared he was afraid to make an
investigation and telephoned for
aid to Walton, a town four miles dis
tant.
The call brought DR.. A. E. Spohr
and Edgar Kitcheu to the home and
they found the bodies. The body
Of Mrs. Packard was in a pantry
while her husbands body lay on
the kitchen floor. Near it was a
shotgun.
Packard probably was temporarily
insane at the time of the shooting,
it was said by physicians who had
attended him during periods Of i'll
ness.
They declared they heard Mrs
Packard remark to her husband
"You will not live long" and it is
believed words from her of similar
meaning caused him to become in
sanely angry.
The couple together weighed more
than quarter of a ton-Packard
314 pounds and his wife 240 pounds
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
ROADS BODY TO
RECEIVE CHIDiNG
Pointed Advice by Accounts
Board Scheduled.

When the state highway commits
sioners assemble here Wednesday
they will be confronted with a re-
port on conduct of their department,
with some pointed advice from the
state board of accounts.
The report was presented to Dr.
rector John ]. Brown today by Ross
Teckemeyer, who conducted a sew
eral months examination of depart
ment records and procedure as field
examiner for the state board of &C
counts.
Badly needed reforms are pointed
out and some action on the recon-
mendations already has been taken.
This applies particularly to the mo-
tor transport department under
Omer S. Manlove and the creation
of the new accounting department
with Ralph E. Simpson as chief
clerk.
The report sets out that records
in Manlove's department are very
bad"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
SEEK CRASH BODIES
Tugs Battle Rough Seas in
Air Disaster Work.

BIZ United Press
SANTA MONICA, Cal, Jan. T.
Three tugs which have battled
rough seas for days attempting to
raise the wreckage of two airplanes
that plunged into the ocean, killing
ten men, were ready today to renew
their efforts to recover bodies of five
victims.
A driver Monday brought up the
bodies of Kenneth Hawks, film
director. and Tom Harris, movie
property man.
Hawks, who was the husband of
Mary Astor, screen actress, Harris
and eight others engaged in the
filming of a motion picture, were
carried to death Friday.
Bodies of Max Gold, Ben Frankel
and Conrad Wells were picked up
soon after the crash.
Still held in the wreckage are the
bodies Of George Eastman, Otto
Jordan and Henry Johan Ess,
studio workers, and Ross Cook and
Hallock Rouse, pilots.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
46 NOW TOLL
OF MENINGITIS
Child Is Latest Victim OF
Spinal MaIady.

Total fatalities from spinal men,
nights in Indianapolis and vicinity
mounted to forty-six today with the
death of Melvin Mericle, 3, of 1011
South West street.
Two new cases at city hospital
brought the total number of cases
in the last five weeks to sixty-nine.
Lawrence Bell. 20, of 321 North Ell
der avenue, and Thelma Allen, z,
Negro, 43O Minerva street, we're
taken to city hospital with the
malady.
Continued precaution against
spread of the disease by use of mer-
curophen solution in the nose was
urged by DR.. Herman G. Morgan,
city health commissioner. DR.. Nor
gan issued a statement declaring
that newspapers have printed &C
curate accounts of the number of
cases in answer to rumors that 1.-THE
facts have been suppressed"
Although Indiana Central college
has not closed, strict precautionary
measures against spread of the dis
ease are being taken there. All
students who room at dormitories
have been forbidden to go down.
town, while students living in the
city are being examined by doctors.
All gatherings for the week and
the Central-N. A. G. U. basketball
game, scheduled for Wednesday
night, have been called off.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
Fig LeaUes

By United Press
Ell PASO, Tex, Jan. TEL
Paso's Garden of Eden was
closed "for repairs" today.
1t will not be open, said
Mayor r. E. Thomson, until
the Ewes and Adams who dis
ported there wear more Zig
leaves"
The Eden theater played to
men only, and, citizens told
the mayor, the players were
adorned much as the original
Adam and Eve, only minus fig
leaves.
Emma Reyna, leading lady,
does not agree with the citi-
zens.
There's nothing to it," she
said. why, the police even
gave us the once over and they
liked the show"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
HIT BY TRUCK, DIES
John EImore's Death Sec
ond 1880 Auto Fatality.

Death Of John Elmore, ST, Of 1888
Eugene street, at city hospital Mon
day was the second auto traffic
fatality of the new year here.
Elmore was struck Monday morn
ing at Thirtieth street and Elmira
avenue by a truck driven by Irwin
r. Lambert, Is. of 3o27 Central
avenue. Lambert was arrested on
charges of involuntary manslaught-
er following Elmore's death
Elmore is survived by his widow
an invalid for five years, and five
children, Doris, Roosevelt and Max
inc, living at home, and sons in
Cincinnati and New York.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
Indy IN BACK SEAT
Watches While Anne Puts
Planes Through PAGES.

BIZ United Press
LOS ANGELES, Jan. T.-Colonel
Charles A. Lindbergh took back
seat while his wife, in the front
cockpit of their new Lockheed Sirius
monoplane, helped put the ship
through its initial air PAGES over
Burbank flying field.
The Lindberghs took turns in
testing the dual-controlled plane
built for them in the Lockheed fac
tory at Burbank and remained aloft
more than an hour Monday.
1T is very satisfactory" Lind
bergh said. 1--WE are highly pleased
with it."
The fier and his wife will remain
in Los Angeles two weeks, inspect
ing transportation facilities Of the
T. A. T.-Maddux airlines and max
ing trips to San Francisco.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
CHIEF JUSTICE BETTER
Taft Walks, Unaided, Into Hospital
for Weeks Rest.

BIZ z ntteU PTetS
WASHINGTON, Jan. Chief
Justice William Howard Taft was
feeling much better and appeared
in good spirits as he entered Gar
field hospital here today for a
weeks rest before taking a Longer
vacation from his supreme court
duties at Asheville, N. C. The IL
year-old former President walked
unaided into the hospital shortly
after IL o'clock today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
HOUSE OF DAVID SUED
Queen" Mary and Followers De-
mand $4,000. 900 Damages.

bW z NtLtW E7TfSN
ST. JOSEPH, Mich, Jan. THE
House of David colony here was
rocked today by a suit for $4,000 900,
filed by Queen" Mary Purnell and
pit of her followers.
The suit is the result of the fight
for control Of the colony between
Queen" Mary and H. T. Dewhirst.
Services. work for the colony and
property turned into the common
treasury are covered in the claims.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
ORDERS BADGE RETURN
Safety Board Head Calls In All For
mer ~CourteSyo EmbIems.

Return of all police badges which
we're given out as courtesy" by
former city officials was ordered to-
day by Charles r. Myers, safety
board president.
A number of police badges are in
the hands Of persons without au-
thority, Myers said. The type of
police badge will be changed If the
courtesy badges are not returned to
the board Office at city hall, he said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
START LICENSE BUREAU
Otto Ray Will Be in Charge of New
City Department

An ordinance, creating a city
license bureau with a salary of $500
a year. was pending today before
city council.
The measure was recommended 70
the council Monday by the new Sui
Ivan safety board. Patrolman Otto
Ray, assigned TO the city control
ler's Office as city license inspector,
viii receive the position.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
SULLIVAN ON THE JOB
New Mayor Plunges Into Duties
Confers With Safety Beard.

Mayor Reginald H. Sullivan be-
lieves that the early bird gets the
worm"
The new chief executive was at
his Office at city hall shortly after
9 a. m. today and plunged into his
new duties. Conferences were held
With the safety board and other
members of his official family.
II want to get things started so
that I'll be familiar with what's
going en- Sullivan said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
Unidentified Man Killed

By United Press
TERRE HAUTE, Ind. Jan. IAN
unidentified man, about so, was
killed instantly by Pennsylvania
railroad passenger train here. The
man is believed TO be from South
Bend. In his pockets we're a letter
addressed to J. r. Fields, mailed
from Charleston, Mo-, and tool or
der from the Studebaker automobile
factory.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07

By Times Special
LOGANSPORT, Jan. 7. - Earl
Packard, IS, and his wife Pearl, 46,
were found dead. in their home
south of here Monday night, vic
tins of shotgun wounds, in what
authorities declare. was case of
murder and suicide.
Mrs. Packard, neighbors said, had
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
ASSESSORS MEET HERE
Annual Conference With State Tax
Board Is Started.

Tax assessors from over the state
convened with the state tax board
this afternoon for a three-day an
nual session on taxation problems.
Standardization of procedure in
making assessments, and personal
and real estate valuation problems
will be discussed, it was announced
by Chairman James Showalter, pre-
siding.
Pliny H. Wolfard and Phil zoer-
cher, other tax board members, are
scheduled TO address the conference.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
PEACHES TO GET CASE
Daddy" Browning Asks Court Or
der to Sell Real Estate.

BIZ United Press
NEW YORK, Jan. 7.-Pes.ches
Browning today seemed likely to Sc
cure in her own name a good-sized
portion of the wealth of Edward w.
Browning, the daddy whom she
married four years ago and whose
bed and board she has since left.
Browning yesterday asked permits
sion Of the supreme court to sell
S667 900 worth of his vast real estate
holdings in which Peaches has
dover interest. If the court approves
the sale, Peaches will automatically
get a third of the proceeds. her
share being estimated at $4,000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
FILMS REPEAT JOHN D.
Standard On Heads Speech to Be
Relayed by Talking Movie.

CLEVELAND, Jan John D.
Rockefeller ST.. through medium of
a talking motion picture film, viii
address his associates of the Stand
ard Oil Company when they as
Semble In banquet here Friday to
celebrate the sixtieth anniversary
Of the company which he founded.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07
HOOVER PARTIES GUEST
Attends Curtis Dinner Tonight and
Then Club Reception.
By Omitted Press

By United Press
WASHINGTON, Jan. 7.-PreSi-
dent Hoover is to attend two social
events outside the White House to-
night, a unique occurrence for
Washington's social calendar. Mrs.
Hoover may be unable TO accom-
pany the President because OF a
cold