davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-12-16
FOREIGN TRADE
SHOWS DROP

The country's foreign trade
shrunk approximately 35 per cent
during the first ii months of
1880, as compared with last year,
the Department of Commerce an.
nounced today.
Total foreign trade for the first
II months of 1880 was $6,421,-
100000, a decrease of $2.4s2,Oo0,.
900 from the same period last
year.
Exports to foreign countries
were $3,56S, 900, 900. a decrease of
81 ,245, 100000, while imports
amount to $2,853, 900, 900, a de-
crease Of 81 1886, 600, 900.
The net gold reserve Of the
country increased by 1874, 900
during the same period.
The Washington times., 1930-12-16
Life Insurance Valuable
Property to Holders

interest Of a decedent'S estate.
Insurance companies are writing
contracts now to meet whatever
contingency arrives and 1t is the
worlds surest money.
Protection Needed
During periods when business
is recovering, you need every dol
lars protection that life insur-
ance giveS-and more. 1t Is the
financial security Of your family
now and in years to come. Keep
up your present policy! If you
allow your life insurance to lapse
now, it will cost you considerable
more to replace it later-pro-
vided you can get it later.
Do not take your cash sur
render value. The money thus
obtained will not last long and
when it is gone. one Of the
bulwarkS you have built up
against the unknown future IS
gone also.
Unless some real emergency
arises, and you arrange to repay
the debt promptly, avoid borrow
ing on your policy. Such loans
reduce your capital and often re-
suit in your policies yielding your
beneficiaries little or nothing.
And do not exchange your old
policy for a new one, as such ex-
changes sometime result in loss
both to policyholder and bene-
ficiary and are rarely advisable.
If you are considering such
changes, consult your own COM
pany first.
Group Insurance
Families Of more than $1,000
American workmen will receive
this year more than $4,000, 900
as benefits under plans Of group
life insurance in effect in busi-
ness establishments in this
country.
Payments of benefits will re-
suit this year because of the
death by disease and accident
of more than $1,000 workers and
permanent and total disabilities
suffered by 10,700 employees.
Total disbursements under the
policies this year will exceed by
more than $4,000, 900 the amount
paid out as benefits last year.
The fact that "timeS are bad"
has not stopped employers from
adopting group insurance, thereby
showing their willingness to add
to the security Of the families Of
those who are still on the pay.
roll. It is something employers
can do to help the situation and
many lines of business have
shown their confidence in the
future by adopting group plans
Of insurance this year when EN-
ployees need such assistance the
most
The Washington times., 1930-12-16
OYSTER GROUPS.
SHOW GAIN

CRISFIELD, Md, Dec. 16.-The
oyster situation in the local mar
ket has in the past few days
shown a marked improI ement
over that of the past several
weeks, due to the brief cold wave
which swept over the eastern part
Of the State recently.
Rough weather prevented many
of the oyster boats from continu-
ing their work Of dredging oyster
in the sounds and bay.
Several days ago the harbor
was filled with fleets of dredging
vessels loaded with freshly caught
bivalves, for which there was lit
tie market. A majority Of the
large oyster-packing houses were
filled with shell stock which they
we're slow in disposing Of, due
to the lack of demand.
The Washington times., 1930-12-16
7 TRADE BRIGHT
IN SPOTS

Some bright spots in the inter.
national business picture were re.
flected by advices to the Com.
merce Department today.
In Belgium q slight improve.
ment has taken place and an up.
ward trend is hoped for in 1881.
There were improvements in
the Japanese raw silk industry,
which has been hit probably as
hard as any major business in
the world. A better business out.
look was seen in China while
retail trade in the Philippines i'm
proved.
There was a relaxation Of ex-
change regulations in Brazil, an
increase in ocean freight cargo
engagements and continuation of
favorable weather and livestock
conditions in Argentina, a
strengthening Of Mexican ex-
change, and gains in Porto Rican
foreign trade.
The unfavorable business situa-
ton in Germany was accentuated
by psychological factors and the
most difficult winter since 1923
is expected, in spite Of favorable
facts including a satisfactory
harvest, gain in october exports
and the conviction that the
process Of stock liquidation can
not go much further without
stimulating demand.
The depression is more keenly
felti n the Netherlands. Most
Latin-American countries showed
little gain.
The Washington times., 1930-12-16
By FRANK F. LOOMS

Life Insurance is worthwhile
property to own. Common stock
is also property, but what is its
value today compared to what 1t
was worth q few months ago? It
is also hard to foretell what 1t
will be worth year from today.
People were Stock-minded, now
they are bond-minded. A life in
surance endowment policy at go
or 65 years is q sinking fund
bond, callable at death, maturing
at age go or IS years, but non
cancellable thereafter If the an
nuity guarantee is selected. It Is
a unique bond and can be pur-
chased in easy instalments. II
it is called" the balance Of the
purchase price will be cancelled
Insurance Future Good
Bonds are property, and so is
real estate. But, what about their
market ability the last few years,
and how much would their value
shrink at forced liquidation? The
present and future Of life inSur'
ance is known at all times. It
does not change in time Of de-
preston, Is always worth 100
cents on the dollar, and its known
contract value to you or your
beneficiary is always available i'm
mediately. It Is as sound as
Government bond.
And another feature in an in
vestment element is that it yields
a return larger than the dividend
paid now on a great many com
mon stocks; but above all, 1t en-
ableS you to create an immediate
estate, Of any amount you desire
and it allows you to pay for 1t
out Of future earnings.
No Regret to Buy
Business may be slow now and
perhaps you may have to make a
real sacrifice to take more insur-
ance at this time, but you will
not regret it. You would rather
make a sacrifice yourself than to
have your family do it. Your
wife will be proud of your
thoughtfulness and your children
will have their chance to grow
up into real citizens.
Times are not hard for the
widow and children Of the hus-
band or father, who through
wide foresight, left life insurance
to cancel the mortage and supply
their needs: nor for the sons and
daughters, of a thoughtful par
ent, who left life insurance to
secure for them an educational
training or help them start in
business. Nor are times hard
for the business man whose
partner, like himself, insured in
his favor and left life insurance
to enable him to purchase the
The Washington times., 1930-12-16
Wall Street
Hears:

That u. 9. Steel (X) and
American Can (AC) have been
receiving good scale support.
That General Motors (GM)
has been heavily accumulated
during the recession.
That Allis. Chalmers (AH) Is
an attractive investment pur.
chase on any further weak
ness.
That International Harvester
(HR) win net about $3.50, .
share this year against $7.1O .
share last year.
That Caterpillar Tractor
(CRM). on the Curb, will net
about $3.50 q share, against
$6.16 o share last year.
That GraLby Consolidated
Mining (GB) will pay the regu-
lar quarterly dividend Of so
cents . share and the net for
this viii be about s. . share.
The Washington times., 1930-12-16
Stock Market Liquidation
Seen Nearing Climax

their own as those levels are ap-
preached.
It can be said for the market
that it held pretty well last week
considering the unfavorable news.
Evidently some Of the develop
ments have been anticipated.
Some observers believe that q
considerable short interest still
exists, and some difficulty seems
to have been experienced on the
part of the shorts in borrowing
leading stocks. This condition
would help a rally.
The period Of selling to take
losses for tax purposes is now
nearly over. Such selling has
been an important source Of
weakness.
An Underlying Weakness
On the other hand, stocks
have definitely broken through
the old resistance levels on heavy
volume. The recent decline has
been led by such pivotal issues
as Steel, General Electric, and
American Can. There is under
lying weakness in the rails, oils
and copperS.
The small decline in brokers'
loans last week in the face Of a
sharp and continuous drop in
stocks suggests that real liquida-
tion Of outright holdings has
been going on. The business
news shows few indications Of
early improvement.
I should say that the broad
trend is still downward, but that
the present break is nearing a
climax and that a rally is due
shortly. Certainly one should
not think Of selling short at this
time. The time has passed even
for liquidating any sound stocks
which are now fairly pEies6
The Washington times., 1930-12-16
Anti-SoWetS Accused
OF World War Plot

Anti-Soviet groups throughout
the world, including Russian
emigres, are attempting through
propaganda "to build up a war
psychology against the Soviet
Union and stir up international
hatreds that menace peace" +"
Boris E. Skvirsky, director of the
Soviet Union Information Bureau,
told the Fish congressional COM
mittee yesterday.
Skvirsky denied that convicts
are employed by the Soviet gov
ernment to cut timber for ex-
port to the United States. Claims
that the Soviet attempted to smash
the world wheat market as part
of a program Of world revolu-
ton also were denied flatly.
The Fish committee during the
day clashed with the State Depart
ment over refusal Of the depart
ment to disclose information
sought by the committee.
The Washington times., 1930-12-16
CONSTRUCTION
OUTLOOK DIM

The current cycle Of the build
ing construction curve gives evi.
dence of having about reached
bottom, but the movement is
likely for some time to be side
wise, with results not subStan-
TALLY exceeding the corresponding
months this year before the mid
die Of 1881, says the Standard
Statistics Company, Of New York,
in a survey Of the probable trend
Of the building industry in the
next five years. Pertinent por-
tions Of the survey follow:
"After 1881, and possibly be-
fore the expiration Of that year,
the curve representing total
building and engineering con-
structiOn should register q sharp
uptrend. The prospects are that
operations will reach peak levels
before the close Of 1884, thus
restoring to the industry q high
degree Of prosperity.
Viewing the pOtentiaIities
for the 193O-1934 period as q
whole, we are now inclined to
think that total construction
will be some 4 per cent to Z per
cent smaller than in the pre-
ceding five year. This decision
is reached after consideration
Of the fact that the record for
1880, the first year Of the Pc
riOd, will be far worse than any
within the past five years, TO-
gether with the prospect that
1881 will be little, If any, bet
ter. With two Of the five years
thus Scraping bottom, the other
three, however good, can
scarcely produce results ade-
quate to make the present half.
decade fully comparable with
the 1925-1929 half, In which
every year except one reached
or apprOximated new peak
levels"
The Washington times., 1930-12-16
BY, LEWIS HANEY
Director New York University Bureau
Of Business Research and Former
Economist Of Federal Trade

Commission.
Several indications have ap-
peared which suggest that uqui-
dation on the Stock Exchange
may be reaching a climax point.
Much bad news has come out. The
volume Of selling has run up
sharply, while average prices have
fallen steadily for nearly two
weeks.
It would not be surprising,
therefore, to find a technical rally
developing shortly.
InduStrialS Off
Last week stocks closed just
about 10 points lower than the
week before. Representative in
dustrial issues lost about 13
points.
The rails fell 7 points on aver.
age, The utilities were among
the heaviest losers, with an aver
age decline of IL points.
In general the market is now
the lowest since the first half of
1927. The rail stocks are prac-
tically at the lowest point reached
In 1926, and are getting pretty
nearly low enough. Representa-
tive industrial stocks, however, are
still IL to 30 points higher than
the lowest level Of 1927, and are
probably at least 90 points above
Sheir average in 1926. The utili-
ties are even higher in compari-
son with the past.
May Hit 1926 Level
In my opinion most stocks are
tending to settle to the lower lev
els seen in 1926. They should
show increasing power to hold
The Washington times., 1930-12-16
Barefoot Pilgrim
Halted By Police

ROME, Dec. 16 CU.S0. Ma
dame Jeanne Battolier Lasquin,
making a barefoot pilgrimage
from Monte Carlo to the Vatican
City, where she intended seeking
an audience with the Pope, has
been arrested near Genoa and
faces deportation.
Spurred on by a vision she
claims to have seen at the IA
nous Shrine of Lourdes, the
French woman had made her
way barefoot wearing an envelop-
ing white mantle.
The Washington times., 1930-12-16
c COMPETITION
ON UPSN|NG IN
!. CHAIN GROUPS

Increasing competition between
grocery chain stores is especially
marked in localities where the
chains control from so per cent
to 70 per cent of the grocery bust
ness, says the Standard Statistics
Company, Of New York, in a sur
vey Of the situation, which follows
in part:
"NO longer Is the competition
solely between grocery chain
and Independent, but between
chain systems and since all have
practically the same advan.
tageS and disadvantages inner.
ent in this method Of diStribu.
ton, indiscriminate price cut
ting, which was used effectively
against the independent, Is
merely harmful to all con-
cerned. The stress then Is very
likely to be shifted from cOmpe-
titiOn in price to competition in
service. Credit and delivery
may be extended and the mum.
Der Of items in stock increased
by such additions as tobacco,
meat markets and soda fOun-
tainS.
More Is Required
Competition In service rather
than in price may require finer
buildings, more attractive equip
ment and better grade and
higher paid personnel. 1t leads
to advertising Of an institutional
nature, in the endeavOr to build
up good will toward the individ-
ual system. In this type Of
competition the personal factor
will be Of particular importance.
With the chains on an equal
competitive footing, the choice
Of the consumer may in the final
analysis rest on the personality
Of the man in charge Of each
outlet. If a store manager is
well liked he attracts q follow.
ing, and when he leaves that
particular store invariably loses
business.
These developments, in the
long run, unless offset by fur
ther operating economies in
other directions, will result in
gradually rising costs of chain
store operation. Friendly agree
ments, or mergers and cOnSOli-
datiOnS may check dangerous
competition"
The Washington times., 1930-12-16
SHIPPING BOARD
VESSELS SOLD
To RUSSIA

Soviet Russia, In q far.reaching
move to expand It's foreign trade,
has purchased 20 cargo ships from
the United States Shipping Board.
T. v. o'Connor, chairman Of the
board, made known yesterday.
The sales cover a period of the
past two years. The last three
ships Of the total of 20 were pur-
chased only this month, it was
announced.
Barred From U. s.
Most Of the vessels are of the
"lake cargo" type, and the votal
purchase price was upwards of
$l,100,0o0. ALI of the ships were
Of the "laid-up" fleet, that is,
ships not in service, it was ex-
planned.
The sales were made under a
rigid clause which prevents the
ships from calling at any Ameri.
can port during the next 10
years. At the end of that tic"e.
the board believes, the ships will
be obsolete.
The ships were actually sold to
Johann G. Ohsol, as agent for the
Soviet Union. He purchased 20
ships in all. but rejected eight
because they were found to be
beyond repair.
Sales were made in three lots
tive on January IS, 1929, thirteen
on November 13 Of last year and
three on December 2.
There we're reports in shipping
circles that behind the move to
acquire the ships was an attempt
iny the Soviet to break the restric-
lions OF foreign and American oil
interests to prevent shipments. of
Soviet oil to England and other
foreign countries. The SovietS
need tankers to move their Oil
since outside oil interests have
refused them tankerage, it was
said. IL,
Might Be Seized
At the Shipping Board, how.
ever, all knowledge of the oil
controversy was denied. It was
further explained by chairman
O'Connor that the ships sold
could not be converted into tank.
ers, as they were of unsuitable
type and the expense of convert
ing them would be prohibitive.
In other circles, however, it was
pointed out they might release
other Russian ships for tankerage
purposes.
The ships ranged from 5000
gross tons to some only half that
tonnage. They average about
5000 to 1000 tons.
Should any of the ships call at
an American port within ten
years, it is subject to seizure by
the board. In addition, the Gov
ernment will collect a penalty Of
$4,000 for violation of the sale
provision.
The Washington times., 1930-12-16
Olympic Summers
Will HnDe Fine Pool

. LOS ANGELES, Dec. is U:N.S0
Olympic team swimmers are hav-
ing a fine pool made for them in
Olympic Park here, where the
international games Of 1882 will
be held.
Dressing rooms, showers and
lounges for the athletes are given
careful attention in the planning.
The Washington times., 1930-12-16
NeIU Orleans Docks
226 ShiDS in Non,

NEW ORLEANS, Dec. 16.-Dur.
ing last month there arrived in
the port 226 sea-going vessels, 81
less than November, 1929. There
were 222 departures in November
and 260 during the month a
year ago.
The Washington times., 1930-12-16
Met CarI Denies Pau
Of $I43 to Graf Filler

Lieut.. Jack C. Richardson Of
the Navy. travelled around the
world on the Graf Zeppelin to
gather information for the U. s..
Navy, but Comptroller General
McCarl ruled that his expenses,
totaling $143.04. could not be
paid by the Government.
The Washington times., 1930-12-16
Employment Drops
2.5M In November

Employment during November
decreased 2.5 per cent from Oct0.
Der, the Department Of Labor 70.
ported today. The figures Of the
Department Of Labor are based
on returns from 41,525 industrial
establishments with 4,712,082 EN-.
ployes, whose combined weekly
earnings amounted to Sis, ,005, ,23O.
The Washington times., 1930-12-16
Elected to
M1rUL0I1d Board

Hunter s. Marston, president
Of the Bancamerica Blair Corpora
ton, was today elected a director
Of the Western Maryland railway.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-11-06
TEA LOVELY SOCIAL
AFFAIR FRIDAY

The members OF the local Amer
lean Legion Auxiliary entertained
with a membership tea at the Le-
gion hail on Friday afternoon,
which proved TO be one of the love-
lest affairs of the weekend So
cial activities.
The guests were greeted at the
door by the president, Mrs. Kath-
ryn Chadick, Mrs. r. r. Lalbert,
Mrs. A. o. Payne and Mrs. War
mack Mcclellan.
During the afternoon a program
was given. Mrs. Paul Shovel gave
two piano numbers. "GLIdoleTi"
from "A Day in Venice, by Neyin,
and "Gcod Night. also BY Nevin.
Little Misses Patricia and Sybil
Harmon OF South Dakota gave mu-
steal sketches. Miss Maxine Section
gave a humorous reading, Maggie
Gives a Facial.
Little Misses Estelle and Jacquel-
inc Ashton gave piano,ogues. The
Plant Of the Bisque Doll and
Johnnie Goes Travelling, accom-
panied on the piano by their
mother, Mrs. John Ashton.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-11-06

Ross LOOMS, the new vice-pres'd-
n Of the Central Ward p. T. a,
presided at the meeting held at
the school on Monday afternoon.
Mrs. j. L. Ellis. new second vice
president, and Mrs. w. K. Bush,
newly appointed chairman Of the
convention committee. were pre-
sented 10 the members at this
time.
Miss Lily Grace Madison. from
Neeah. Wisconsin. National Field
Worker Of the w. c. +. U. made
the principal address of the after
noon. She spoke OF the efforts Of
both p. T. A. and W. G. T. u. mem
bers as to prohibition. Following a
talk by Mrs. N. B. Lakeland. VICE
president Of the council. musical
numbers by Billy Rand were en-
joyed.
Mrs. 3. r. WitherSpoon. from the
p. 4. a. Council, announced Nov.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-11-06
Weslaco
NEW YEARS WORK
is PLANNED

The three circles OF the Baptist
w. NJ. U. held their regular bust
ness meeting at the church Mon
day afternoon. The president Mrs.
Z. I. Hudson. was in charge Of
the meeting. The devotional, The
New Watchword of The Year. was
given by Mrs. David E. f-oore.
Plans for the coming years work
were made and adopted.
II was decided to continue the
Penny-a-day social. Mrs. S. V.
Brandon was elected as vice
president TO fill the place Of Mrs.
w. L. Wagers. who has moved
away. Mrs. David 4. Moore was
elected leader for the young peo-
pie TO fill the place Of Mrs. H. B.
Ramsey.
Next Monday Circle Leigh Is TO
meet at the home OF Mrs. Clifton
Davenport. COmpere Circle Is 10
meet with Mrs. Brooks Bucklew.
and the Lottie Moon Circle is 70
meet at the home OF Mrs. Bert
Robertson.
There were twenty-five members
present.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-11-06
LEGION HALL Il
r OF DANCE

one of the outstanding Hallow-
cen celebrations al the Weekend,
was the masquerade dance at the
Legion hall having for joint hosts
Messrs and MesdameS r. r. Tai
bert. Eric Green and II. <. Peters.
The club rooms presented a strik-
ing scene in Halloween regalia.
After an evening spent III dancing.
the hosts served a retreshment
course 10 the following guests:
MessrS and Mesdames Bob Johnson
of Paris. A. j. Thomas Of Pharr: f.
j. Hauff. Murray Howe. c. G.
McIlwain. Earl McManus. Bill AL
len Of La Feria. o. J. Gum. @. a..
King. Fred Johnson. Miss Louise
Cook of WeSlaco. Miss amy Frances
McIlwain. Mrs. Ben jenkins. Mrs.
Roy Harrell Of Alice. A. j. Wright
Of Weslaco. Henry Allen OF La Feria.
Miss Maxine Section. w. T. Section
and ALIVE Moore.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-11-06

$50 o'clock at the church. Every
member OF the church is urged TO
attend and bring a covered dish.
The program was in charge OF
Mrs. j. b. Funk. Very interesting
papers were given as follows: "Shar-
ing in Mexico's Educational pro-
gram Mrs. William Clifford:
"Challange OF present educational
situation Mrs. "A. A. Sneathen:
Opportunities with adults" Mrs. ALI
Ivey.: Citizenship training" Mrs.
NJ. A. Young. The devotional was
given by Mrs. w. +. Anderson as
sisted with the references BY
Mesdames A. A. Sneathen and j. s.
Meyer. There were twenty-five
members present.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-11-06
CIRCLES SPONSOR
AFFAIR

The annual Halloween party OBJ
served by the Presbyterian church
OF this city, was held Friday night
aC the church annex. sponsored BY
the three circles OF the church aux
Hilary.
The children's party was held on
the lawn, the. games and contests
being in charge of the Rev. and Mrs.
c p. Owen. Mrs. Walter Collier
and Mrs. Lellah Lyle.
The adults gathered IL the annex
where old time songs. contests and
fortune telling afforded diversion.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-11-06
BUSY MEETING Is
HELD RY 4

Mrs. Tyre II. Brown presided at
the regular meeting Of the Library
Executive Board held az the Library
Monday morning.
The main feature OF the session,
was the revising Of the Bylaws
and Constitution into a better
adapted form. These were approved
BY the board and are % conform
ing q the form in use in small
town Libraries. A change Of the
fiscal wear from January TO Sep
TENDER. in line with The other org
%anizations of Harrington. was a.
dODted.
A request received from Mrs. W
G.. Weaver, Of Donna, I gent OF
the Valley D. A. R. 70 have a
shelf reserved i'll the Library for
the books II Use for that organiza-
ton was granted.
Resolutions OF regret 70 be eX-
tended TO the librarian. in the loss
Of her mother. BY death. he last
Of October. were drafted. 70 be
presented on her return from
Kansas, which IS expected this
week