davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-11-14
BueLL's Hands Full
With Joe TrGntberiQ

Eddie Buell., Washington's lead
ing featherweight, is working like
a Trojan for his bout with Joe
Tramheria. Baltimore's fighting
Italian. at Fort Washington Mon
day night. Realizing that Tram.
IBERIA is a hard puncher and of
the aggressive type Eddie is work
ing harder than ever to be in
shape And Tramberia, knowing
Buell's cleverness will keep on
top Of Buell. from bell to bell
with the intention Of wearing
Eddie down.
Buell. is a master boxer. Tram
IBERIA has proved to the local
fans that he is a real battler by
forcing the going with De Angelo
and holding him even twice.
Tramberia also proved he can
punch by holding two K. O.'s over
Clarence Sloat. of Baltimore. The
main eventers will weigh in at
126 pounds at 2 o'clock at Riggs
Turkish Baths. Free boat trans
portation, leaving Barracks Wharf
at 2 o'clock and stopping at Alex
andria at 1880, will be provided.
Three six-rounders and four
rounder are also scheduled on a
card which calls for 38 rounds Of
fighting.
The Washington times., 1930-11-14
IsThePrice!
The Same Quality
The Same Fit
The Same Tailoring

Overhead is the glutton that "eats
up" the difference! Bell buys the
finest woolens = B ell makes the
clothes and Bell sells you for cash,
without the expensive credit method.
When you buy Bell clothes you pay
only for what you get and not for
the fellow that forgets to pay.
This seasons styles are the best
ever produced; this seasons variety
of patterns is the greatest; this sea-
sons quality is the finest we
have ever offered. Thousands of
garments to choose from and
when you select Bell clothes you buy
the best and save the rest.
The Washington times., 1930-11-14
". and J. Encounter
TerrOrS Next Season

WASHINGTON, Pa, Nov. IA.
Washington and jefferson will
play nine football games in 1881,
it was announced today by
authorities of the local institution.
Important changes call for
Western Maryland Terrors being
played in the stadium at Balti-
more and Marquette University at
Milwaukee. West Virginia Wes-
leyan and Marshall College also
appear on the schedule as new op-
ponentS. The schedule:
September rs, West Virginia Wesleyan.
at Washington; October 8, Carnegie
Tech, at Pittsburgh; October 10, Mar
shall, at Huntington. w. Va: October
II. Western Maryland, at Baltimore: Oc-
tober "a, Lafayette. at Easton: October
81, Temple. at Philadelphia: November
z. Marquette, at Milwaukee. wis.
November IA, Buckpell. at Lewishurx !;
November 26, West Virginia, at Morgan
town, w Va.
The Washington times., 1930-11-14
Local Prep School
ELeDenS in Action

Dewitt and Emerson elevens are
away to today for important
games. Dewitt engages the CoIum-
bia University Freshmen this aft
ernoon at New York, while Emer-
son meets the william and Mary
Freshmen at Williamsport, Va,
tonight
This latter, game, incidentally,
is the first "floodlight game that
Emerson has ever played.
The Washington times., 1930-11-14
M0ryLGnd- Vanderbilt
Game Shift Remote

There is small likelihood Of a
shift of the Maryland Vanderbilt,
scheduled November %, from
Nashville, Tenn, to Baltimore for
charity because of various circum-
stances.
Maryland and Vanderbilt will
oppose on November T. next year,
either at the Clark Griffith Sta
dium here or the Municipal Sta
dunn in Baltimore,
The Washington times., 1930-11-14
TANGUAY BACK
At OLD
POST

NEW YORK, Nov. 14.-Not un.
til after the Fordham game did
Chick Meehan make any changes
other than those necessitated by
injuries, but once he started the
New York University mentor does
not figure to stop until he learns
everything there is to learn about
his 1881 prospects.
For the third week in succession,
there viii be several changes in
the Violet lineup when it clashes
with Georgetown at the New York
Stadium tomorrow. There, are
three switches being planned for
the line and one for the backfield
The changes call for Jimmy
Tanguay, who was benched after
the Fordham tilt, 70 return to
the backfield as a fullback in
place Of Herman La Mark and
George Chalmers, Ernie Vavra
and Hugh Greenblatt to perform
on the line. None Of these play
ers started against Georgia.
With Tanguay in the back
field, Coach Meehan will
have two fine triple threat
backs among his quartet.
The other one is Bob McNa-
mara. Bob can kick with the
best Of them and he is the finest
ball carrier on the squad. AS a
pasSer he is better than average.
AS for Tanguay, his passing in
the final minutes of play against
Georgia was the best turned loose
by Violet back this fall. He
also can boot well, being con-
sistent 40-yard kicker and at one
time Tanguay was being touted
rs the best N. Y. U. ball carrier
since Ken Strong performed for
the Violets.
The 0ther backs are Joe La
Mark and Jack Macdonald.
These two have been regulars
since the first day Of prac-
tice, and both have held their
posts in the face Of changes
made which saw Bill McNam-
ara, Herman La Mark, Bob
McNamara and Jim Tanguay
changed around as starting
backs.
The line, with Vavra, Chalmers
and Greenblatt back in action,
will have the first player at tack
lie along with Ernie Concannon,
Chalmers and Greenblatt at
guards, Harry Schneider at cen
ter and Captain Jerry Nemecek
and Joe Hugret at the wings.
Coach Meehan put his Violet
regulars on the defense against
Georgetown aerials in yesterdays
session at the Yankee Stadium,
and the New York U. players
performed with some credit to
themselves They we're quite apt
In breaking up the Hilltop aer-
ials, as they were thrown ry Al
Gaudet. Vic Connor and Sherman
Marker.
The Washington times., 1930-11-14
PIMLICO ENTRIES

'IRST RACE-Druid Hill 2-year-olds;
Sc $1,000; first div: mile and 70
The Washington times., 1930-11-14

With Tanguay in the back
field, Coach Meehan will
have two fine triple threat
backs among his quartet.
The Washington times., 1930-06-30
{ NJ MPLOYME n I
ACTION GAINS
Time staff Photo

Experiments In stabilizing en-
ployment through management
control promise a solution to one
Of the most vexing Of modern
economic problems, according to
The Index, published by the
New York Trust Company.
Even o temporary curtaiI-
ment Of aggregate wages may
affect the economic status of
the country to an important
degree" the review states. "The
American Federation Of Labor
estimates that the United
States lost 81 zoo, ,OOO, 900 Of buy
ing power through unempIOy-
ment during the first quarter
Of 1880. The Bureau Of Labor
Statistics figures that the fluc-
tuatiOn in volume Of employ.
ment in the manufacturing in.
dustries spells usually inteFnit-
tent unemployment for the
5000, 600 persons engaged In
those industries, to nm extent
equivalent TO q full years idle
ness Of 100000 to 1,TSO,OOO
persons" .s..#.a
While the Government is. en-
deavoring to relieve unemploy
Inent through Federal building
programs and the collection o1
statistics, industry has adopted
measures on its own accounJ to
balance labor needs through more
efficient planning Of operations
One of the bases of reform has
been a closer adjustment of pro
duction to market demand, Prob
able sales are estimated a year
in advance, and output is distrib
uted, evenly over the 12-morith
period. Manufacture to stock l.
made possible through standard
ization OF product and adequate
storage facilities, and the excess
production in one period is, stored
against an anticipated increase
In demand.
Another method for regulariz
ing plant operation Is diversified
ton of output. Periodic reces
sions have likewise been reduced
by encouraging off-seaSon pur
chases through intensive adver
tising, lower prices or special con
ceSSionS, outside the mapufac
turing industries, the five-day
week has helped Of employment
in building trades.
The Washington times., 1930-06-30
LOCAL STOCKS

FURNISHED by W, b. Hibbs 4 Coz
SALES
Capital Traction, 5s. $4,000
9O74.
Capital Traction Company, 30
058; 2O@50.
Norfolk and Washington Steam.
boat, rtS., wi, 30l6A.
Potomac Electric 512s, pfd., 10
01O7A.
Federal American National
Bank, 1O0275.
Mergenthaler, 1o@97: 2O@s7:
10@97.
Real Estate Mortgage and
Guaranteed, pfd., 6O@69s.
AFTER CALL
Washington Gas, IS, A, $4,000
1O1A.
washington Gas 6s, B. $4,000
103.
washington Railway and Elec-
trio pfd., 20@98la.
Norfolk and washington Steara.
boat Rts. (wI iJ, 11@16h.
Potomac Electric s per cent pfd.,
5@1l1.
Peoples Drug Store pfd. 100
1881.
Columbia Sand and Gravel pfd.,
2O09O, 10000.
Capital Traction Company.
SO @58H.
The Washington times., 1930-06-30
Pennsy Completes
West JerSev Lease

General w. w. Atcerbury, preSi-
dent of the Pennsylvania railroad,
announced today the lease Of the
West Jersey and Seashore Rail-
road to the Pennsylvania for 999
years having been approved by
tire directors and stockholders OF
both companies and the Inter
state Commerce Commission, will
become effective July /. The West
Jersey and Seashore today de-
clared a special 5 per cent divi-
dend upon the common stock,
payable July Is to holders Of rec
ord June 80.
This is a special dividend to
adjust the situation to July l.;
when the lease becomes effective.
Under the lease terms, dividends
will be paid at the rate Of s per
cent per annum, semi-annually on
the first business day of January
and July.
The Washington times., 1930-06-30
June Crude Rubber
Consumption Off

Consumption Of crude rubber
by American manufacturers dur
ing the present month will total
approximately $4,000 long tons.
1t is estimated by the Rubber
Exchange of New York, based
upon operating schedules main
tanned this month at Akron and
other producing centers. This
will represent a decline Of about
1000 long tons from the May
consumption total. and 1880
tons from June last year when
consumption reached the figure
of 43, ,430 tons.
The Washington times., 1930-06-30
- WASHINGTON lCIAL IL
IRE Trend Of Stocks Depends Upon Commodity e Says Spectator
Further Liquidation
Of Loans Necessary
To Aid Stock Strength

nearly two and a half billion dol.
lars greater than in October, 1927.
No matter how many rallies we
may see in the stock market, con.
ditions are not going to be right
until these huge loans on securt-
ties are greatly reduced. AS last
reported, they amounted to more
than $500, ,0OO, 900, which is more
than all commercial loans.
Most stock market cycles show
the same old round Of credit ex-
panSion and liquidation.
/. First spectators bid money
rates up. 2. That attracts funds
from all over the world. 8. Then
as the market gets wobbly some
foreign funds are hastily with.
drawn and a market crash fol-
lows. 4. The banks In New York
city then step in and take up the
credit load, increasing their loans
to make up for the loss Of out
side funds. 5. Finally the banks
get their collateral loans down, as
continued liquidation occurs.
Further Cut Necessary
We are now in between the
fourth and fifth stages Of this
process. Outside funds are still
being withdrawn, and last week
the biggest cut in brokers' loans
was due. to the action of 'in-
terror banks" outside New YORK.
The New York banks also re-
duced brokers' loans a little. but
their total collateral loans are
still $7S8. 100000 larger than a
year ago.
My conclusion is that further
liquidation is required and that
this means that there must be
more selling Of securities. That
will probably mean still lower
prices for many stocks.
Rallies should be taken advan-
tage of to sell stocks that are not
clearly worth present ~riceS.
The Washington times., 1930-06-30
BY LEWIS HANEY
Director New York UnIversIty Bureau
81 Business Research and Former
EconOmaiat Of Federal Trade
COnmiaalOm

In this period Of liquidation, 1t
is most important that anyone
who desires to know the facts
should watch developments in
bank credit. The movement of
collateral loans, includin g
brokers" loans, tells us what
progress is made In reducing the
excessive amount Of credit that Is
tied up in securities.
We now know that last week
the loans to brokers were cut
$371 900, 900. That is a good sized
reduction. It means that securi-
ties held on credit were hquidated
to about that extent-Say 10 per
cent.
Since April 80. when the spring
hangover from the 1929 stock
spree was at its height, the
brokers loan account has been
cut down by $858,OO0. 900.
Back to 1927 Level
Brokers loans are now back to
about where they stood in the
middle part Of 1927. Then the
total of such loans was about
So, 100, COO, 900, and the loans made
by others than banks were about
5000, ,OOO. 900. Now the total is
about SO, ,400, 900 900 and the loans
by Others" are $3.50 ,00O, 900.
Personally, ] think this is still o
little high. The figures now are
where they were in October, 1927
and even then initiation had made
considerable progress.
The worst feature seems 10 be
the fact that as brokers loans
have been reduced, the direct
loans made by the banks on col
lateral security have increased
The total collateral loans are now
The Washington times., 1930-06-30
Exchange Basis Told
In Dry Goods Merger

The basis Of exchange Of the
stock Of Ely Walker Dry Goods
Co., of st. Louis, for the shares
Of the recently formed United
Dry Goods Corp, a holding com.
pany. were announced today.
Three shares Of Ely Walker com
mon are to be exchanged for one
share Of United Dry Goods pre-
ferred up to one-half of the hold
ings Of each Stockholder. The
remaining common will be ex-
changed on a share for share
basis and a 40 per cent stock
dividend will then be declared,
making the final exchange l 2-5
shares Of Walker for each share
of United.
The Washington times., 1930-06-30
IARON IAPPROPRIAT ION
". CUT. TO 81 PEAK is SEEN :

With appropriations for the
present session already at q new
peacetirne peak, the day for the
lons-predicted Five Billion Dollar
Congress" is near at hand.
Congress has thus far appro-
priated $4.S24, ,445, ,470 in the pres
ent session. according to records
of the House Appropriations Com
mittee, including two bills not
finally agreed upon. This COM
pares with $4,665, 100000 last
year.
The steady growth in Federal
governmental expenditures has
brought forth economy warnings
from President Hoover and some
Congressional leaders.
Expenditures rose steadily even
during the Coolidge economy
regime, and they are expected to
grow in the future. Not only
does the natural growth of the
country increase Federal neceSsi-
ties, but big authorizations of the
present session for soldiers pen
SionS and rivers and harborS
create new liabilities.
The mounting cost Of Federal
expenditures is shown in the Ap-
preparation Committees table for
the last five wears.
The Washington times., 1930-06-30
LIT TILE CHANGE
IN BUSINESS

The week, which practically
closed a half.year Of readjust-
ment, developed nothing funda-
mentally new in the commercial
and financial situation, r.. D.
Dun q Co. states today in its
weekly trade review. Movements
were Of the same general char.
acter as those which long since
became familiar, and experienced
observers do not. look for changes
of deep significance at this sea-
son.
Some gains continue to be made
in certain quarters, and there
even are instances of conspicuous
activity, but such phases remain
the decided exception and are
largely obscured in a broad sur
vey, Of conditions. One of the
chief points of strength is the
fact that corrections of unwhole-
some elements are taking place.
and among the most important Of
these is the bringing about Of an
improved status in supplies.
Curtailment Necessary
With a different basis of de-
mand existing now, production Of
last years rate obviously could
not he. sustained, retrenchment
In manufacture being essential to
the working off of accumulated
stocks of goods. Hence, curtail.
ment of outputs. although al
ways temporarily unsettling when
Of extensive scope, is a necessary
part of the present period of re-
habilitation and recovery.
Through that action, a more
solid foundation should be laid,
with an ultimate check to the
protracted decline in commodity
prices. The latter trend has as
yet shown no signs Of ending,
Dun's list Of wholesale quotations
against disclosing a large prepon.
derance Of reductions.
No Real Breakdown
Actual or prospective unfavor-
able earnings reports and dividend
declarations have served to
sharply depress prices for secur-
tiles, but there has been none Of
the speculative disorder that &C
Companied last Autumn's break.
down. After six months Of 1880,
vigorous trade revival Is yet to
be witnessed, the unusual ram
ifications Of economic transition
having cuased a modification of
some earlier expectations with re-
gard to its duration.
1t is considered reaSSuring,
however, that constructive forces
are in operation which should
eventually effect a more definite
turn for the better.
The Washington times., 1930-06-30
Weeks Failures Are
UD OUer Last Year

The number Of failures in the
United States continues at a re!a
lively high level, a total Of 400
being reported to r. G. Dun 81 Co.
this week. Although little change
from last weeks 4S7 defaults. the
present number is IS above ]. the
425s insolvencies of year ago
Comparing with the returns for
the earlier year. a particularly
large increase appears in the East
while the South alone shows a de-
crease.
The Washington times., 1930-06-30
OIL INDUSTRY.
SEEN IN GOOD
POSITION
E. B. Reeser, Of Petroleum
Board, Outlines Good Future
Under Conservative Program

The oil Industry generally is In
q good position, e. 4 B. Reeser,
American Petroleum Institute
president, said in a statement
released today.
Production of crude oil. Is rum
ming about 300, 900 barrels daily
behind the output Of a year ago
and domestic consumption and
exports are about 100000 barrels
greater. he pointed out.
While LOCAL conditions in some
sections may force certain price
readjustments, he said, there was
no indication of a generally weak
ened price structure ina the mid
continent territory.
Production In Hand
Curtailment Of production along
the lines approved by the Fed.
eral Oil Conservation Board, he
claimed, has kept the crude oil
situation well in hand and it viii
remain so far the balance of the
year. The curtailments program
is getting 100 per cent co-opera-
ton in Oklahoma, Kansas and
California. -
Refiners have not curtailed op-
erations sufficiently. Reeser said,
agreements in that division being
l1ampered by interstate commerce
difficulties.
On current crude oil price levels,
Mr.. ReeSer expressed the opinion
that they were not profitable for
any but flush fields. He added
that with continued cooperation
in cutting supplies to fit demand,
there was every reasonable ex-
pectation of firmer price levels.
Refiners' Stocks
with regard to the refining
section Of the industry he said,
"it must be noted that the in
stitute did not organize a, refin-
ing section until December, 1929.
As it took about two years of ull-
renting effort to obtain results
in the institutes crude .curtail-
mGnt program. we must not ex-
pecE immediate results in the re-
filming department Of the in
uWSEEys ~
"We have been given definite
indication, however, that the re-
finers are alive to the advisability
Of adjusting their. operations so
as to produce only the quantities
Of !. products required to fiji
actual demand. 1t is encourag-
ing to note that in June to. date
reffners' stocks Of gasoline show
q reduction of approximately
2,5O0, 200 barrels, a greater rate
of decrease than in any like
period.
Speaking generally on the oil
industry, believe it to be In an
unusually good position"
The Washington times., 1930-06-30
on Reserve Banks

The United States Treasury has
called for repayment by deposi-
tory institutions in Second Fed
eral Reserve District on July /,
OF $9.873,800, representing the
total of combined amounts re-
naming on deposit for accounts
of certificates of indebtedness is
sue dated March Is. This does
not affect deposits for the ac-
count of issue dated June is.
The call for the entire country is
$27, ,486, 100.
The Washington times., 1930-06-30
OF BULL|SH
STRENGTH IS seen
Statement by Patrick E. Crowley Declared
Aid for Stocks on Their Upward Swing;
Short Interests Active, However
By THE SPECTATOR

further temporary rayns tendencies IN the stock
market today The statement of Patrick Crowley pres
Of the New York Central Lines after Saturdays close
that business definitely turned the corner should exert
optimistic expression by several industrial leaders ana sucn
indications confidence in the business outlook are nkey 10
effect before long On the other hand pubcaon
further unfayoabe earnings statements BY Leading aoao
industrial corporations would exert beariSh influence
sellers would not hesitate to take advsntsge 2.
their opportunity Therefore it is toSsup as to which way
the market may expect the opening to be irm 70
strong Of the market throughout tne resi- OF s
modify markets.
The Washington times., 1930-06-30
Cocoa Prices SplGrt
On Heavy Trading

A bull movement believed to
have been supported by the Brit
ish Combine, a group of cocoa
shippers at the Gold Coast
Colony, West Africa, carried cocoa
futures up 48 to SO points at the
New York Cocoa Exchange this
week. The weeks trading volume
of 882 lots, or 11,015 tons, was
the greatest In several months.
The Washington times., 1930-06-30
Workers Kept Busy
In Rural Northwest

MINNEAPOLIS. June "a
Fairly heavy rains during the
week have improved the crop
outlook, especially in the spring
wheat sections, but the likeli-
hood of a large wheat crop is
complicating the terminal StoY-
age situation in the face of TO-
100000 bushels shortage in ele-
vator space.
The Washington times., 1930-06-30
August Upturn Seen
By Manufacturer

CLEVELAND, June z3.--W. r.
Mitchell, vice president. National
Acme Co., maker of screws and
dies, today said that although
business at present was at q
rather low ebb, as was the case
of most industries of similar
nature. the chances for an in.
crease in activity in August and
through the fall months seemed
bright.