davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-10-27
Weather ACTS
FOR MART

NEW YORK. Oct. 27-While
the current demand for hardware
leaves much to be desired. the
recent drop in temperature serves
to materially increase the de-
Inand for winter merchandise in
most of the nations leading hard
ware markets, Hardware Age will
say tomorrow in It's weekly mar
ket summary. Goods Of the char
acter needed to cope with freez-
ing weather are exceptionally ac-
tive. Stove goods, weather strip,
oil and electric heaters and snow
goods are prominent among the
lines ENJOYING a brisk movement.
With the Christmas season
drawing near, holiday merchan-
disc is more lively, although some
dealers are delaying buying until
this has caused some toy manu-
facturers and wholesalers to pre-
dict a shortage on some Of the
most popular toys. Cutlery, cleo
trical Christmas tree lights. cleo
trical appliances. sporting goods,
silverware. and several other gilt
lines have been moving IN i'm
proved volume.
House wares continue to retain
a status nearer normal than most
major hardware lines. The call
for staple goods is only moderate,
and activity is nominal in tools,
builders hardware. and related
construction supplies.
The Washington times., 1930-10-27
Exports of Cotton
Rise $4,000 Bales

The movement of American cot
ton into-Sight was smaller last
week than in the same week last
year, according ito the weekly re-
port of the New York Cotton Ex-
change. The into-sight last week
was 10000 bales against $4,000
in the same week last year. The
total into-sight during the season
to Saturdays close was $5,760, 900
bales against 1000 in the cor
responding period of last season.
Forwardings to mills Of world
totaled $4,000 bales last week
against 401 900 in the same week
Of last year. Forwardings for the
season to date total 1880, 900
bales against 3,1s9,000 for the
same period Of, last Season. Ex-
ports were 1900 bales last week
against 202,000 in the same week
last season. Exports for this
season to Saturday were 1880, 900
bales against 1,826,000 for the
same period of last season. x
Exports were 1000 bales last
week against 100000 in the same
week last season. Exports for
this season to Saturday were
1,980,000 bales against 1895, 900
for the same period of last season.
The Washington times., 1930-10-27
NEW
VASCO HEAD

Sales of Vasco Products, Inc,
Of Brentwood, Md, for the first
10 months Of 1880 exceeded those
for the same period Of 1929 by
80 per cent, directors Of the COM
pany were informed at their meet
ing in the factory last Saturday.
Net profits Of the firm increased
in the same proportion.
Harry P. Hermance, of Miami,
retired capitalist and former
member of the board Of the F.
w. Woolworth Co., was unani-
mously elected secretary-treasurer
Of Vasco to succeed James L.
Feeney, who recently resigned.
The rest Of the list Of officers,
composed Of Charlc j. Mains,
president; Homer O. Mains, vice
president, and Helen K. Brand
hoff, assistant secretary-treasurer,
were reelected.
The firm is engaged in the
manufacture and sales of various
proprietary remedies of general
distribution. Due to the increased
business, plans have been made
to double the present working
force for the remainder Of the
year, at least, it was learned.
The Washington times., 1930-10-27
VAN SNER|NGEN
. SLUMP UNDER !
PROBE.
Business Conduct Committee
Seeking Confirmation Bears
Caused Drop, Report Says

The stock exchange is making
a series Of unofficial investiga-
tions into the widespread bear
rumors that accompanied the
crash in prices on the big board
within the past month, it was re-.
liably reported in Wall Street
circles today.
One investigation was said TO J,
be in the Fox Film situation, !
especially into an analysis said
to have questioned the Fox ac.S
counting methods. Another. 1t Is.
rumored, was in the crash Of the
Van Sweringen railroad securi-
ties last week.
The business conduct commit
tee OF the exchange. it is under
stood, yesterday questioned Q
well-known statistician about Fox
Film, although no information
could be obtained. Several di~
rectors Of Fox were present at
the session, it is said. The
statistician has been credited-
with a number Of bearish analy-t
sis since the market crash last
November. u
The investigation in the Van
Sweringen, situation, it is said,
was to determine whether a bear
raid was responsible. Gossip daas
linked the snameS of number Of
prominent bear operators with the
decline in the Van Sweringen
stocks this week.
In both these cases and In
many others a series of vicious
runors were circulated In the.
financial district questioning
fundamentals in their various
situations. These rumors were
part of a virtual epidemic Of
broadcaSts ascribed to the bears
and calculated to induce liQuida-
tion.
The Washington times., 1930-10-27
YIELDS
ARE LOWER

While stock market values have
declined further than in any pre-
vious depression. devidend yields
on the standard issues are below
the returns at the low points
reached in market declines OF
1907 and 1921.
Stock market values have
shrunk approximately SIS per cent
this year. In 1907 the drop was
about As per cent and in 1921
At per cent, although stocks in
1906 and 1920 did not have as
sharp a run up as they did in
1929.
The composite dividend return
Of 81 leading stocks at last
nights closing levels was 4.42
per cent. At the low points Of
1921 market these same stocks
had a composite yield Of 6.99 per
cent, while in 1907 the return
averaged $50 per cent.
The following table compares
the dividend yield at the low
point in 1907, 1921 and at last
nights closing:
The Washington times., 1930-10-27
A Year Ago

The market was firmer but
the bears continued their raids
and stocks were off from l to 10
points.
Volume for the twO-hour day
tOtaled 2,O87, 900 shares, and the
ticker was 21 minutes hate at
the close.
Building showed a drop for
the week.
Check payments were also off.
White Motors increased its
dividend from 81 to SO annually.
Allied Chemical went off 5
points to 2S1.
! Auburn at 215 was off 10
points.
Hershey Chocolate ran up
points to 1857.
John ManvilIe dropped 3
points to 1907.
Union Tank Car 1t 14O was
OGf 3 points.
The Washington times., 1930-10-27
nv JOHN Z. NEVTN, JR.

A determined upward urlVe IN
stock prices Is expected almost
daily in the various securities
markets, 1t is the firm belief
in financial circles here. With
election day only a week off,
operators and manipulators OF
stocks believe that the various
supporters Of the Republican re-
gine will attempt to force the
prices of stocks to higher levels
in order to cast q gleam Of op-
timism into the political situa-
ton.
In the event that the Demo
cratic party Is able to secure q
number Of new seats in the
House of Representatives and the
Senate, brokers here are Of the
opinion that prices which may
be forced upward will decline
somewhat. However, they do
not believe they will 60 below
present marks which are the
lowest In some years.
A gradual, though slight. i'm.
AL buol4ACoo uAA0 OCA bosAAA
seasonal influences is aiding the
stopping of the decline In values.
Offsetting this, however, is the
number Of unemployed and the
farm situation, which was mainly
brought about by the drought.
Administration leaders are max
ing efforts to clear away the un-
employment situation as much as
possible, while steps are being
taken to provide farm relief, put
whether this will be definite Is not
yet known.
Prices Of foods and necessary
commodities at present are at
very low levels, and these work
favorable for the consumers.
A large number of manufactur-
ing houses have bought huge sup
plies Of raw materials, the pur-
chase of which has lowered the in
ventorieS.
Brokers declare that there are
The Washington times., 1930-10-27
Rally
To GOFURTHER

The chance for a continuation
Of the current rally was considered
favorable In brokerage circles to-
day. There was strong belief
that should the market have a
substantial advance today a large
amount Of short covering would
be brought out Monday which
would result In further gains.
Further vigorous advances
should S be scored. - HORN
BLOWER & WEEKS.
Least resistance is on the up
side for the time being.-M. j.
MEEHAN & CO.
How far the present rally may
go is difficult to say.-JOHN
MELADY g. co.
Feel more confident than ever
today.-BAAR, COHEN & co.
The Washington times., 1930-10-27
LOCAL PRODUCE

Butter-one-pound prints, 44Q4Sc;
tub, 43@4Sc
ceipts, 32c.
Poultry--Alive: Turkeys, young. 500
32c; old. 25@2se; spring chickens. large
22@ 26c; medium. 22023c: small COG
22c; fowls. large, 20c; small 1Bc; Leg
horns. l4@15c roosters, 14015c: ducks
1s6IAc; keats ] rye. so o soc: small
2s0s0c. Dressed; Turkeys. young. 2s@
aOc; old, 23Ef35c; spring chickens large.
80 b 33e: medium, q csc: small, 271
2sc: fowls. large. .7@2se; medium, ?s9
acc; LeRhOrns 1s0i9c: ducks, 239
26c fsoafers, 10000
Meats. Fresh Killed-Beef. 1sa eSc:
veal. 1s@ 2sc: lambs, go Oq2Sc. pork
loins, csc; fresh hams, FAC; freah shoul-
ders, 20c. Smoked Meats: Hams, 2Sc:
shoulders, 1Sc: bacon, &c. Lard, In
bulk. 1te; In packages. t6hc.
The Washington times., 1930-10-27
DECLINE shown
IN BANK DEBTS

For the week ended October 18,
1880, bank debts outside New
York city showed declines from
both the preceding week and the
corresponding week in 1929. the
Department Of Commerce re-
ported today. Total loans and
discounts Of Federal Reserve
member banks, although slightly
greater than a week ago, were
lower than in 1929.
Interest rates on time money
were higher than the previous
week, while call rates showed no
change. Both rates were lower
than a year ago. Prices for rep
resentative stocks receded from
their level of the week ended
October II, 1890, and also were
lower than in the corresponding
period in 1929.
The Washington times., 1930-10-27
Road in Guatemala
To Purchase Rails

NEW YORK, Oct. 27.-An or
der for 10 miles of 70-pound steel
rails was approved by the board
Of directors Of international Rail
ways Of Central America. The
rails, with tie-plates and accesso-
rieS, represent 1,4O0 tons. The
order will be placed with the
United States Steel Products
Company, and shipment viii be
made to Guatemala City through
the port of New Orleans.
The Washington times., 1930-10-27
RAILROAD NET
INCREASES!

First IL railroads to report Sep
tember earnings had net operat-
ing income Of $22,270,000, aS
against $25, ,852, 900 in the same
month last year, or a decline Of
1873 per cent, and with $27 ,494,-
900 In 1928, decrease Of 10 per
cent.
Their September net operating
income was an increase Of 10.S
per cent over August this year,
when $40, 200, 900 was shown.
These carriers had gross in
September of $84,S65, 600, as
against 500, ,708. 900 last year, /.
decrease of 14.8 per cent, anu
$98,27O, 900 two years ago, de-
cline of 1875 per cent.
The Washington times., 1930-10-27
Wall Street
Hears:

That Rock Island (RD viii
earn about SITS a share this
year.
That any improvement in
Consolidated Gas (G) win bring
about a large amount Of short
covering in it and send it mp
sharply.
That Adams Express (AE) Is
an attractive purchase at its
present prdce.
That Otis Elevator (OT) has
shown good resistance to selling
pressure. ;
That WOrthingtOn Pump
(WPU) is OversOld.
The Washington times., 1930-10-27
END OF DECLINE IN SIGHT,
SPECTATOR DECLARES
Further Reaction May Be Seen, Mart Expert
Ayers, But Points to Many Promising
Features to Substantiate Theory
Nv TIE sPECTAToR

passed critical week creditaby True
stocks lows the " two days but as these were only
fractional the majority Of too much significance must
not be attached them It encouraging that stocks have
obviously meeting better support and showing more
stubborn front.
while liquidation in store. yet the end in
sight and market the final phase Of
the market decline within the next few weeks MY ad
vice to both traders investors however still to stay out
wait until the decline Playing around
with a market like this isn't worth the risk.
The Washington times., 1930-10-27

means has at present q better op-
portunity for making speculative
commitments, with chances tor
fine profits, than In some years.
There are many stocks in the
lower ranges that have splendid
prospects over the next few years.
One could name off-hand In
stocks below 20, Chrysler, Com
mercial Solvents, Standard
Brands, Goodrich, Remington
Rand and International Nickel.
Briggs and Allegheny are more
speculative, but should work out
all right, and the former devel-
oped a real earning power this
year.
Going above 20, we have stocks
like Republic Steel, Freeport
Texas, Radio Keith Orpheuln,
Warner Brothers, Fox, Penick and
Ford, Radio, American Chicle and
Goodyear. Diversification in a
few Of the above seems to offer q
rich harvest for the next bull
market, even assuming one fell by
the wayside the speculative posi-
bilities Of the others should more
than make up the loss.
How the markets 200 club has
been, thinned out. OF the active
stocks, only three can qualify
now, Allied Chemical, Norfolk and
Western and Peoples Cas-, and the
last two rarely experience any big
turnover. Atchison, Union Pa
cific and American Telephone, al
ways associated with this class, are
shy now, though nosing IN for
brief moments here and there. As
for 800 and 400, that is now bull
market history. Who said "blue
chips? 49,.
Here and There
Announcement that Warren
Bros: will get $11, 1,0O0, 900 Of the
Cuban governments $40, ,000,0O
highway issue for new roads on
the island is a reminder of the
coE-pany's worldwide activities.
Good earnings have been shown
in the past few years and the
company is doing well this year.
This. is. 8. stock worth watching
BaldwiIl'S ged resistance
throughout all the selling indi.
Gates that the floating -Lpply
has been pretty well mopped up
nv Strnnp interests
Electric Bond and Share is
said to have increased It's hold.
ings in National Power and Light
! the -ower sos.
I would consider National a
good buy under 80. Many of
the utilities have been pruned
down to where they offer much
better yields and speculative pos
Sibilities.
Any sign of better holiday bust
ness will help the store and radio
stocks. This is their best season.
Federal Water System Is a
stock which offers a good yield.
Earnings have been very stable.
The company is q subsidiary Of
tri-utilities.
Mexican seaboards holdings in
Kettleman Hills, Calf, are said
to be worth 500 q share. OF
course, the current oil situation
nullifies this for the time being.
The average petroleum stock at
present is selling far below It's
book value.
The Washington times., 1930-10-27
Air Reduction Net
S1.53 Per Share

NEW YORK, Oct. 27.--Air
Reduction Company, Inc, in its
quarterly report. shows net profits
Of $1,264, ,357, compared with
$1,562, ,622 for the corresponding
period of 1929. This is equal to-
S1.53 per share on 825, ,597 shares
of no par value, against $2.05 on,
761 1853 shares.
Gross income was $5,04T 1888,
compared with $5,718,343.
The Washington times., 1930-10-27
Financial Market Ne1Os Stocks Bonds Commodities and Comment
Upward Drive in Stocks
Predicted This Week

several things that must be over
come before actual prosperity will
return. Chief of these is the over
coming Of the unemployment evil.
Running the jobless question a
close second. in the opinion OF the
brokers, is the question OF proytd-
ing for the millions Of farmers
and their families who are suffer
ing from the months Of dry
weather and drought.
Some settlement Of the prohibi-
ton question will also help, they
aver. Generally 1t Is believed
that some step will be made to
settle this at the next session Of
Congress. !
Bolstering of business generally
and the release into circulation
Of large amount Of money that
Is now tied up are other matters
that will affect the general trend,
investment men here declare.
At a recent meeting of the
safe deposit section Of the Dis
trict Of Columbia Bankers AS
sociation at their offices the per-
sonnel Of standing committees,
named and elected at the meet
ing Of the executive committee
were announced. They are as
follows:
Committee on Standardized
Safe Deposit Forms-Wm. H. Har-
per, chairman; Harry P. White,
Guy D. Cowl, Miss Elizabeth H.
Boley, William L, Ashdown, and
John D. Leonard.
Committee on Standardization
Of Safe Deposit Practices-Albert
e. Fisher, chairman; Richard e.
Harris, G. M. Ashton, w. Clarence
Miller. John E. Woltz, and Charles
w. Haas.
Committee on Education and
Publicity Robert H. Lacey, chair
man; Arthur p. Miller, Mrs. Helena
D. Reed, T. Edwin Norris, John
M. Boteler, Elmore r. Burdette,
and r. Hunton Leith.
The Washington times., 1930-10-27
Case Threshing

$50 ~0-N-~-O
A well.timed bear raid sent
Case Threshing crashing over Il
points to new low for the year
Saturday at 115h. The drive
followed rumors that the com
pany may do some new financ
ing, yet an analysis Of Cases
balance sheet and its huge earn
ings Of the past few years makes
one wonder why it should need
any new money.
Case earned about 500 a share
on its common from 1926 to 1873
most Of which it plowed back
into its properties. Its dividend
policy has been conservative, and
even a price Of near SOC, last
year didn't induce directors to
split the stock. :,
This year Case started off well,
but the agricultural slump upset
things. However. best informed
in this expect Case to cover the
SO dividend by a comfortanle
margin.
I like Case around current
levels, and those who can afford
to see q stock like this through
might well pick up some on any
further break.
Another Van Sweringen rail
Joined the downward procession
on Saturday. Fifty shares OF
Virginian Railways sold at 1870
off Is points from the last sale.
which was in 1928. There is
practically no stock out. as VII:
cinian is almost entirely owned
by Chesapeake and Ohio. The
current dividend rate is So, pay
able annually.
American Can
OF all the big board leaders,
American Can has been the
bright spot throughout the entire
September October break. It not
only cleared its low Of the Novem'
Der crash last year by a big mar
gin, but held above its June bot
tom as well. This is significant
of real buying to me. Can is a
rich company and is doing bet
ter this year sthan lasta
Prospects for 1891 are bright
Directors paid an extra Of 81
last month";. and the stock is ex
pected to go on a regular "
basis before long, possibly in De
cember. While a forecast at this
time is a long shot, I look FOL
Can to earn pretty close to SIC
next year If things are any
where near normal, and i
wouldn't surprise me If the stock
were split by 1882. IT you can
get any Can around l10@ buy il
and put it away. I don't see
how you can go wrong.
Oliver Farm Convertible pre-
Rerred at 8 looks like a cheap
speculation to me. 1t is a re
ceivership price for company
that is far from it. Oliver, with
other farm equipment companies,
has been hit by the grain Situa-
ton this year, but this won't GO
on forever. The company has
good earning power, for last year
1t showed about 81 on the com
mon.
Little Fellows Paradise"
: The man or woman with small
The Washington times., 1930-10-27
Local Stocks

FURNISHED by W. B Hibbs & Coz
SALES
Washington Gas SIS, 5000
1854, 5000 105A.
Washington Gas IS B, $700@
106. $1,000 106.
Potomac Electric 6 per cent
pfd, 3@111A.
Potomac Electric 5la per cent
pfd, 5010812.
The Carpet Corp, 30023, 500
23h.
AFTER CALL
Potomac Electric cons. IS,
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-08-19
TENANT farmer
DEMANDS ACTION
Tenant Mass Strikes
Must Be Method
CBy a Farmer Correspondent

DB u l. W HtGf SOiSto yO'tetS'tV/
MINOT, N. d. have seen in
the "Daily Worker" that the United
Farmers League calls for strikes
against high taxes, strikes against
paying mortgages and interest,
physical fight against foreclosures
and evictions.
In my opinion this is a real, prac-
teal way of fighting. We have had
enough of soft-peddling and harm
less educational programs which
never got US nowhere. The time for
action has arrived and it is none too
soon.
Demand Action.
What we demand now is real,
live farm movement, which is aided
and guided by revolutionaries (none
others can do the job), to go right
to mat with the capitalists and the
CAPITALIST authorities. Such a farm
movement cannot fail to revolu-
tionize the farming masses, and |
don't see how we can struggle for
our demands effectively in any
other way.
Imagine mass demonstrations OF
poor farmers in hundreds of county
seats in the United States, demand
ing immediate relief for the drouth-
stricken poor farmers, no taxes Tor
poor farmers, refusal to pay mort
cages and interest!
My idea is that the strike plan
of the U. F. L. is bound to become
widespread, and we should support
it and also help spread the United
Farmer. 1t is a shame the mill
tants are not doing more already,
hut I am sure they will wake up
soon.
TENANT FARMER.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-08-19
42-YEAR PRISONERS
GREET DAILY WORKER

LOS ANGELES, CAL, Aug. 18.-
Carl Sklar, Tsuji Horiuchi and
Frank Spector, sentenced to three
to AZ years in the Imperial Valley
case and brought back for trial IN
the April 26 Unemployment Demon
stration case are now confined IN
Los Angeles Jail, apparently Tor
several months, awaiting retrlal on
the unemployment case and trial on
a case arising out of the Paris Com
mune meetings. Sklar is i'll and
frequently in the prison hospital.
They request copies of the Daily
Worker, saying, 1--WE would rather
60 without our beans than without
the workers paper"
They send out word: 1--WE are IN
the finest of spirits, because we
know the mass pressure Of the toll
ers will force, not only our release
but also the release of all class war
prisoners. We send our revolution
ary greetings to the Daily Worker
and to the six Atlanta comrades
now facing the chair, to Foster,
Minor, Amter and Raymond, and all
class war prisoners.
"Long live the Communist Party,
and long live the Daily Worker!"
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-08-19
CALLS DEFEND
SOVIETS Meet
FSU Also Holds Dance
This Saturday

The Friends of the Soviet Union
is modelling the New York work
ers in defense of the Soviet Union
and against the provocations of the
Fish red-baiting Committee. This
Saturday night a shore dance ar
ranged by the F. S. U. will be held
at the Casa D'Amor Hall, Mermaid
Ave. and West 31st St., Coney Is
land. According to Harriet Silver
man, local secretary, an extensive
program of entertainment has been
arranged. The funds raised will be
used for F. S. U. activities.
"A Defend the Soviet Union Con-
ference" called by the F. S. U. will
be held Thursday, Sept. 4, at Man
haitian Lyceum, sc East Fourth St.,
at 1870 p. m. at which delegates
will be present from industrial and
trade unions, fraternal organiza-
tions, sports organizations and
workers clubs, at which the ques-
ton of mobilizing the workers OF
the metropolitan district against an
imperialist attack on the U. S. S. R.
will be taken up.
For information communicate
with the local office of the F. S. u,
1893 Broadway, New York City.