davidaulloa/AmericanStories huggingface dataset:
Evening star., 1930-12-02
HUGE DROP SHOWN
IN COMMON STOCK
Extent of Decline Since Peak
of Bull Market Is
Estimated.
Special Dispatch to The star.

Special Dispatch to The Star.
NEW YORK, December 2.-Market
value of 100 representative common
stocks decreased $4o5,615, 900, or II
per cent. in November, according to
Frazier Jelke & Co. The 100 issues at
the end of the month were appraised at
$23,020, ,o42. 900, compared with $685.
425,657 900 on october 81. This COM
pares with $34,857 ,697 900 at the end of
March, $24,274. 384, 900 on November i3,
1929. and S43, Az, GAS 900 on August 80.
1929, peak of the bull market.
AS compared with the 1880 peak the
group has declined Sill 1897, ,655 900. It
IS selling for 81 1854, ,342 900 less than at
the extreme low Of November, 1929, and
for $50, ,427, 9l2 900 less than at the 1929
high
In November, z of the l3 groups con-
stituting the Jelke index of market val
ues advanced, while 6 groups declined.
The largest change was in 10 utility
stocks, which dropped 1921 ,729 900, or
80 per cent; another large loss was
depreciation of $226.308, 900, or So per
cent, in the market appraisal of is rails.
The steels declined 0.6 per cent, the
electricals 2.3 per cent and the amuse-
mehts SO per cent 1899 $50 ,000).
The largest advance was $72,878.000
or 3.9 per cent. in the motors. The
mines advanced 81 per cent 1854, ,609,-
000), the equipments 60 per cent, the
chemicals "A per cent, the foods, 1.9
per cent and the merchandising group
35 per cent. Fourteen miscellaneous
industrials gained IL per cent.
The following table shows the extent
of price changes by groups during the
month of November:
Evening star., 1930-12-02
Washington Produce

Butter-One-pound prints, 39a4o;
tub, 37a38.
Eggs-Hennery, 4Oa42; current re-
ceipts, 36.
Poultry, alive-Turkeys, young, 28a30;
small and thin, 16al7; old toms, Is;
Spring chickens, large, 20a23; medium,
20a21; small, 22a23; fowls, large, 20a21;
medium, 18a19; Leghorns, fowls, 13a14:
ducks, Is; roosters, 14a15; keats, young
and large, 50a60; old, 25a30. Dressed
Turkeys, young. 34a35; old toms, 2Sa30;
Spring chickens, large, 27a28; medium,
25a26; small, 27a28; fowls, large, 25a26;
medium, 23a24; Leghorn fowls, 18a20;
ducks, 24a25; keats, young, 70a80; old,
40a45.
Meats-Beef, 1Sa23; veal, l8a23; lamb,
20a23; pork loin, "a; fresh hams, "a;
fresh shoulders. 20. Smoked meats
Hams, IS; shoulders, 18; bacon, 81.
Game-Rabbits, 25a40; culls, 10a20.
Lard, in bulk, 13; in packages, 14I2.
Live stock-Calves, sail; lambs, SAT.
Fruits-Oranges, Florida, 275a4.00;
lemons, 4.00a5. 90; lines, per 100, 2.00a
2.25; grapefruit, 3.00a3.25; pineapples,
500; tangerines, 1.75a2.00; persimmons,
l.25; cranberries, 3.75; apples, bushel
baskets: LOCAL IS: box stock, 2.25a3.OO;
pears, Anjous, 3.00a3.50.
Vegetables = Potatoes, 150-pound
sacks, 3.00a3.25: sweet potatoes, per
bushel, 1.50; Idaho bakers, 1O0-pound
sacks, 3.25; cabbage, new, 200; old,
1.25; caulifiower, 2.00a2.25; spinach,
LOCAL rs; kale. 1.00a1.25; peas, 500;
carrots, per 100 punches, 4.00a5 90;
onions, yellow, 75al.00 white, 200;
pumpkins, per bushel, l.25; celery,
2.00a2.50; Hubbard squash, 1.25; to-
matoes, 1.5Oa2.00; broccoli, 500; let
tuce, 4.00a4.25; eggplant, 1.50a2.50.
Evening star., 1930-12-02

electric output. 10 months to october
81. up 10 per cent.
International Paper e. Power news
print prices to remain unchanged
throughout 1881.
International Telegraph g. Telephone
Corporation new Manila radio stations
opened.
Oliver United Filters cuts class B
quarterly dividend to 37ia cents; for
merly paid so cents.
Radio Keith -Orpheum Affiliate, Radio
Pictures, plans "a features for 1881.
Solvay American Investment net, in
cluding profit or loss on sale Of securi-
ties, but before taxes, six months, to
September 80, $1,8o3,462, against 81,
1891
Transamerican Corporation only reg
ular dividend to he paid in January.
Union Pacific Railroad-United States
Supreme Court to pass on validity OF
California commission order directing
Joint construction of Los Angeles sta
ton by this company, Southern Pacific
and Atchison. Topeka g. Santa Fe.
United Light g. Power earned $2.27
on average number common shares out
standing, IL months, to october 81,
against $1.95 previous year.
Evening star., 1930-12-02
BOND PRICES GAIN
. IN BETTER TRADING
Market Shows Increased Vol.
ume as Houses Add
to Commitments.
BY F. H. RICHARDSON.
ispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 2.-Bonds
improved all around today in a volume
OF trading somewhat heavier than In
recent sessions.
There was no change in the basic
factors surrounding the market Time
money was still quoted at 2 to ga per
cent for the 90-day term. New issues
were at minimum and while a large
volume of new financing remains in
prospect, dealers have shown little in
clination to push fresh offerings. But
with firm tone to stocks and bond
prices at levels calculated to have dis
counted the worst of the present Situa-
ton, some houses were buying in ad-
vance of the reinvestment demand
which will come with the turn of the
year.
At current levels the industrial group
OF bonds is lower than since 1925, on
the average; the railroads are as low
as they were a year ago and public
utilities have dropped the gains of the
past five months.
Figures showing that member banks
OF the Federal Reserve system have in
creased their holdings of bonds by
about $250,000,00O in the past few
weeks are misleading when considered
purely as bond market factor. This
increase consists largely of short term
notes and of Government bonds and
during the past two days the market
has seen considerable volume of
United States Government long term
issues sold. The prices of these dropped
today from 1892 to 5-32 below Mon
days closing levels.
In the high grade group Atchison
General As, Baltimore & Ohio IS, Ca
madam National SIS, Canadian Pacific
As, Southern Pacific 4las, Frisco A As.
Nickel Plate 412s, Chesapeake & Ohio
412s, Inland Steel 4las, Standard Oil of
New York 412s. Standard Oil of New
Jersey IS, Duquesne Light 4las, Column
bia Gas IS. Utah Power g. Light SIS,
American g. Foreign Power IS and
Youngstown Sheet & Tube SIS all illus
trated the strong tone Of the market.
Despite the beariSh sentiment gen.
Grated by the omission of the interest
payment on Consolidated Textile 8 per
cent of 1941. secondary and semi
speculative industrial and railroad is
Lues also improved. In some cases,
where previous liquidation had driven
issues out of line, the gains were wide.
Erie general lien As gained over a
point, Erie SIS ! point, Frisco Alps /
point, Fisk 8s over a point, Hudson
Coal SIS II point and Warner Bros 6s
point. Convertibles were firm with
stocks.
German government 5las showed out
standing strength in the foreign de-
partment. but other German loans were
disappointing in their reflection of this
movement. German Central Bank 6s
of both the 1888 and the 1860 maturi-
ties were off y point or more Berlin
612S Cologne 61aS and few nther
German munieipals had fractional
declines. United Steel Works 6hs,
however, gained over points. French,
Belgian, Italian and Japanese bonds
were unchanged. South Americans
inDr0ved slightly
Evening star., 1930-12-02
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, December 2.-The fol-
lowing is a summary of important cor
poration news prepared by the Stand
the Associated Press.
News Trend.
Crude Oil production in the United
States was reduced further last week
to the lowest levels in several years,
according to early estimates. Decline
in daily average output for the week
is placed at 2,72S barrels and was at
tanned despite a gain in California
production of 5,1O0 barrels daily. Fig
ures for the month of october show
crude and refined stocks were re-
duced by 3,67S,000 barrels to total
674,294,0 900 barrels as of october 81.
This total is 14,456,000 barrels less
than year ago. Decline in crude
stocks more than accounted for the
decrease as gasoline stocks increased
by 3,568,000 barrels from a year ago.
Unfavorable dividend actions during
the past day include omission of stock
dividend by Clorox Chemical and re-
duction of quarterly dividend by Oliver
United Filters. Earnings reports reveal
ing higher share returns than year ago
were issued by Great Western Power
and United Light & Power. Bigelow-
Sanford Carpet Spring catalogue shows
price reductions ranging from 10 to 80
per cent.
The Companies.
Abitibi Power g. Paper early merger
with Canada Power g. Paper reported
planned.
Baldwin Locomotive received 81 ,Oo0.-
900 order from Reading Co.
Brown Shoe share earnings year
ended october 81, $4.22. against $5.78
Clorox Chemical declares SOC cash
dividends on A and B stocks; stock dis
tribution omitted.
Consolidated Gas of New York, New
York City, to tax gas refrigerators or
water used.
Curtis Lightning net. first 10 months
S18l ,780.
De Beers Consolidated Mines esti-
mated balance available for deferred
dividends. year ended June 80, S1,O24,-
3l7. against $1,070,278.
Detroit Aircraft plans production oi
so military and transport planes in
next six months.
General Motors November Chevrolet
output exceeded 10000 units.
Great Western Power Co. of Cali.
] fornia combined preferred share earn.
ings, IL months to September 80, $16.57
against $3.50.
International Hydro Electric System
Evening star., 1930-12-02
BREAK IN BUSINESS
CLOUDS IS OBSERVED
Moody Believes Market Has Dis
counted All Unfavorable
Trade Factors.
speclal pispatch to The star.

Special DlSpatcn TO Inc star.
MILWAUKEE,, Wis, December O.
Security markets have broadly dis
counted not only poor business results
OF 1880, but similar unencouraging
prospects for substantial part Of 1881,
In the opinion Of John Moody, presi-
dent of Moody's Investors Service, who
spoke before the Bond Mems Club
last night.
The rapid market declines which be-
gan in September were characterized
by Mr.. Moody as due largely to dis
tress in liquidation of speculative
holdings, entered into after the Fall
trade revival had failed to materialize.
This cleaning-up process should really
have taken place months earlier" he
declared.
1T would be unwise to imply that
all liquidation has as yet been COM
pleted, that all disturbing factors In
the general situation have been re-
moved, or that business and the Sc
curity markets are scheduled for q
sharp and immediate climb on the high
road to great prosperity.
Rather, 1t would appear that we are
well along in the latter half of the de-
preston, both as to time and as to
intensity. Several months from now
surface indications may show little
change, but basic conditions will prob
ably then be far sounder than they
have recently been"
Rapid liquidation of unhealthy and
inflated financial and business situa-
tions forms one of the most striking
signs that the clouds are beginning to
break, Mr.. Moody added within a
year from now the major depression
which began during the second half Of
1929 will quite definitely have been
outlived," he asserted. mot only has
the depression run probably more than
half its course, buff it could be di-
vided into four periods, as corpora
tions reports are divided-the belief
seems justified that we may be rapidly
approaching the final quarter"
Evening star., 1930-12-02
STOCK SELLING DRIVES
HAVE LOST INTENSITY
special DIsnatch 10 The star.

Special Dispatch to The Star.
NEW YORK, December 2.-For sew
eral days there has been no sign of
renewed liquidation in the stock mar
ket. Selling pressure is absent, with
sales drying up. This has resulted In
a dull market, which Is discouraging
the brokers from the standpoint Of ccm-
missions and to their Office forces,
which are again worrying about their
positions.
1t gives, however a degree of con-
fidence that offsets the other unfavor-
able effects of 1t. 1t disturbed the short
interest. This is still confident that
it can cover to better advantage either
during this month or in the early part
of 1881. The size of the short interest
staggers the imagination when 1t is
described by the bulls, but for one OF
such reputed proportions 1t is less in
evidence at present than when 1t has
been much smaller. Tax selling has
not been conspicuous for several weeks.
Evening star., 1930-12-02

Many leading business men believe
that the United States is now witness
ing the lowest commodity prices Ameri-
cans are likely to see. However, there
are others who think the price decline
in certain articles may continue for an
other few months.
Forecasts.
George E. Roberts, vice president of
the National City Bank of New York
believes that a turn in business always
comes "at a time when to most people
everything looks the blackest. Just as
the basis of every depression is laid in
the preceding period of prosperity. so
the basis of every prosperity is laid in
the preceding period of depression. It
is at such times that we correct the
mistakes and remedy the abuses OF in
dation."
The Brookmire Economic Service
holds the same opinion, for in its lat
est analyst" it says that, while some
further recession from the November
level is expected. business will reach
its extreme bottom around the END OF
the year. We shall start the new year
with the knowledge that improvement
lies right ahead"
This statement is made in spite OF
the fact that Brookmire's business IN
dex dropped a further 2 points in No
vember, reaching around II per cent
of normal, fraction of point below
the extreme bottom Of the 1920 and
1921 depression.
But when viii the extreme bottom be
reached?
Brookmire answers this question in
this way: when manufacturing oper-
ations are increased for the purpose OF
supplying goods for immediate con-
sumption, the bottom of the depression
will have been passed"
(Copyright, 1880, by North American News
paper AllianceD
Evening star., 1930-12-02
MACHINERY SALES GAIN.

NEW YORK. December R1.-Two
encouraging factors stand out in cur
rent trading in the countrys ma
chinery and machine tool markets. the
American Machinist reports, adding
that November sales totals were, by
and large, equal to October levels, and
inquiries today are such as to inspire
more confidence and hope.
Evening star., 1930-12-02
CHICAGO DAIRY MARKET.

CHICAGO, December 2 (P.-Butter-
Receipts, 1928 tubs; Arm; creamery
extras, 80; standards, 311a; extra firsts,
31a32; frsts, 28ka30; seconds, .26a27.
Eggs Receipts, 3,272 cases; easier;
extra firsts, 80; fresh graded firsts, 34a
35; fresh current receipts. 30a32: ordi-
nary current receipts, 23a27; refrigera-
tor firsts, 201z; refrigerator extras, %.
Evening star., 1930-12-02
NEW CONSTRUCTION.

NEW YORK, December 2 (P).-Con-
Struction contracts of all types award
ed during November in the metropoli-
tan area Of New York totaled $780,
T02, 200, F. w. Dodge Corporation re-
ports. The figures compare with awards
Of $50 ,053 900 In October and $780,
658, 300 in November last year. The
total for the first IL months this year
was sS76, 400. compared with ST.
l35, 5,76l 300 in the corresponding period
Of 1929.
Evening star., 1930-12-02
NEW YORK, December 2 (R.-
Trust Companies,
RANK CLEARTEGS.

NEW YORK, December 2 (SpeciaD -
O0O, 1000; a year ago, ST ,s67, 900, 900. New
York bank balances today, $198, 8,000, 600:
a year ago, $228,000,000 New York
Federal Reserve credit balances today,
$16S, 900 900; a year ago, $184, 100000.
Evening star., 1930-12-02
81 BOND ISSUES ARE
CALLED DURING MONTH
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 2.-Bonds
called in November totaled 81 issues to
a total value of $119, ,4es, more than
double the value Of the 90 issues called
in october, which was $51,4l9,682, ac-
cording to the Standard Statistics Co.
The total for the first ii months, $685.
243,929, continues the downward trend
shown IN earlier months and Is only so
per cent of the similar figures for the
1929. period. Detailed figures follow:
Bonds Called IL Months to November 30.
Evening star., 1930-12-02
Washington Stock Exchange

Washington Gas IS "A"-$7o0 at 102,
$500 at 102.
Washington Gas IS "B"-$100 at 104.
Capital Traction Co-10 at 481a, 10 at
49,, 10 at 4812, 10 at 48, 10 at 48,
8 at 48.
Potomac Electric 5lago pfd-l at 10634,
S at 107.
Mergenthaler Linotype-l0 at 897s, 10
at 897s. at 897s, 5 at 89N.
Peoples Drug Stores pfd-1 at 90.
woodward g. Lothrop pfd.-6 at 106.
AFTER CALL.
Capital Traction $500 at 85h.
Bid and Asked Prices.
RONnS
Evening star., 1930-12-02
U. S. TREASURY BALANCE.

The United States Treasury balance
announced today as of close Of business
November 90 was S33.T87 ,585.54. Gus
toms receipts for the month TO date
were $50, ,365 .242.56. Total ordinary
expenditures, 1,417, 1896.
Evening star., 1930-12-02

Chinese are taking fancy TO hard
candy, which Is sold at the rate Of six
large sticks for y cent.
Evening star., 1930-12-02

SaIe0 OF STOCKS on New York EXchanRo
1880 AM....... 204.9O0 1900 Noon. III 500
1890 P.M.......Il75.800 2:Io P.M........ 1907 800
annual cash
6sss6 On the latest or half yearly
~ in stock sPayabe in scrip Nlus 90 in stock
ePyabs stock g s% STOCK
h stock n m
Plus l4s in stock
Evening star., 1930-12-02
STOCKS.
PUBLIC UTILITY.
NATIONAL BANK.

Amer. Security e. Trust Co. (15) 355
Continental Trust (6l .,........ 100
Merchants Bank & Trust t6).. l00ls
National Savings & Trust 12t). 440
Prince Georges Bank & Trust. %
Union Trust (6g) g)............... 220
WASHINGTON Loan & Trust 14. 4S0
Evening star., 1930-12-02
BONDS.
PUBLIC UTILITY.

Barber & Ross Inc. 6I7s. B5Ia 81
Chevy Chase Club 5las......... 100 .....
Columbia Country Club 4l2s... 100 1917
.: G: Paper Mfg. IS. ;......... 80 6o
Wash, Cons Title Is s.......... ..... 100
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1930-05-08
WEATHER DETAILS

For the District Of Columbia and
MaryIand--Partiy cloudy. with local
afternoon thundershowers today and
probably tomorrow; not quite so warm
today; gentle south and southwest
For virginia-Partly cloudy. with
iocaI afternoon thundershowers today
and proba bly, tomorrow not quite so
warm in north portion today; moderate
southwest winds.
RIVER CONDITIONS
Potomac and Shenandoah rivers clear
at Harpers Ferry.
FLYING WEATHER FORECAST
Washington to Long Island-Partly
cloudy sky today. with local thunder
storms in afternoon; gentle to modet ate
winds mostly southwest, up to l'Vge
feet, and fresh west-southwest at b,GOP
feet.
Washington to Atlanta--Cl0udy te
partly cloudy sky today, with soeai
thunderstorms In afternoon; gentle 10
moderate south or southwest winds
surface, and moderate southwest or
south at 1000 feet. and fresh south"
west Mt 5000 feet.
Washington to DaytOn'-Fartiy cloudy
sky today, with local thunderstorms
in afternoon moderate southerly winds
surface, aud fresh southwest except
possibly strong in Ohio at 1000 ana
5000 feet.
OTHER TEMPERATURES
Yest'y sp: m. fail
Asheyille, N. Geo.. - 6S 49,
Atlanta. Ga. 49,. so 70 $50
Atlantic City, N. j.. 81 81 ss"s
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1930-05-08

Here's Your Druggists Generous Offer to
Thin, Tired Out Men and Women
If These Precious Tablets Don't Cause Gain in Weight
Vigor and Vitality in Fl Days-MOney Back

after each meal and two at bed
time.
We ask you to do this because
we are sure that these magical
tablets, brimful of rejuvenating
Vitamins, in only 81 days VIII
make YOU feel so much better and
look so much better, that you VIII
pass the good news OF theiI
mighty power to rebuild health,
energy and vitality along to your
friends.
NOW please read this carefully
you can obtain McCoy's Cod Liver
Oil Extract Tablets at your drug
gist, 60 tablets, so cents or llO
tablets for $l.0O. Take them faith
fully for 81 days and then II you
are not joyfully satisfied ask fol
and get your money back-drlg
gists are authorized by the makers
to return it without question. just
ask for McCoy'S at any drug
store in America. Bear in mlno
you can take these energizir1g tab
let's winter and summer.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1930-05-08

The sooner the ailing men and
women Of America learn that they
can gain in health, strength,
yigor, energy. vitality and physical
and mental efficiency by putting
Natures own vitamins into their
bodies-the sooner the general
health of the country will be
greatly increased.
Vitamins are as old as Creation,
but as scientists only learned a
few years ago Of the magical
benefits a sufficient supply bring
to the human body you don't
have to delve into the mysteries
of vitaminS to accept this offer
Here it Is: In McCoy's Cod
Liver Oil Extract Tablets-there
are no drugs-nothing but an
abundance of health building vita.
Minis.
We urge every person whose
health is below par to take Nc.
Coy'S-a day for 81 dayS-tWo
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1930-05-08
DRYDEN To HEAD
CRUSADERS

John r. Dryden, treasurer OF the
washington unit Of the Crusaders,
was elected executive commander
OF the antiprohibition organization
at d luncheon held yesterday IN
the sHay-Adams House. Dryden
succeeds Nathaniel Holmes, "a.
who resigned when it developed
that his work would keep him out
of Washington during the summer
and fall months,
Milton King and Robert =.
Jones were elected associate COM
manders, and it was decided 10
elect number of other associate
commanders in the near future
Flans adopted also call for the APP
pointment of a general committee
OF 100. from which subcommlttees
will be chosen by the executive
commander for different phases OF
the organizations campaign
against existing prohibition laws.
Dryden's report showed that
membership of the local unit is
now above 2,700. The Crusaders
who claim a national membership
Of more than 100000, were organ
lied here April / last.
New Britain herald., 1930-07-08
r. v. (. 4. NOTES

Miss Gertrude Fossett. health education director of the Y. W. c. A. left yesterday for the home of her parents in Boston where she will remain for the next six weeks. She was accompanied on the trip by Miss Ruth Landon, who will remain in Boston for week.
 It is the intention of Miss Fossett to enter Boston University for the regular summer course which lasts for six weeks.
 Miss Montica Tinti and Sally Knight, members of the " Pinochle club, left Monday for 10day con- ference at Silver Bay on Lake George, N. Y. They were accom- panied by Miss Eleanor Zimmerman, office secretary.
 The conference is being held for industrial and business girls, volun- teers and secretaries from city as sociations throughout New Eng land The local girls are sent at the expense of the Silver Bay club.
 The conference program will con- sist of morning worship, confer ence discussions and forums which will be led by outstanding professors Of sociology and economies and Y. W. c. A. leaders. Afternoons will be given over to music, poetry and other interest groups.
 Rom -ioy-nus held a picnic last evening on the Y. w. lawn.
New Britain herald., 1930-07-08
City Items

There will be drill and re- hearsal of Eddy-Glover Post drum corps tonight at 7:30 o'clock at Willow Brook park. A meeting will follow the drill.
 Members and friends of Unity Re- bekah Sewing Circle will meet We'd nesday afternoon at Stanley Guar ter park.
 Deputy Sheriff Martin H. Horwitz today served a writ of attachment on property located on Culver street, owned by Sebastian Fragione, in fa- vor of the Commercial Trust Co.,, the amount of the claim being $200. The attachmene was brought to compel payment of a note for s90, the endorsement being made by Fra gione.
 Mrs. A. Schrey of 5S South Burritt street will entertain her club We'd nesday evening at Cedar Court Gardens, Kensington, when whist will be played and a picnic supper served
 A meeting Of the Order of Owls will be held at o'clock Friday eve- ming at the home of James Meeker, so Pleasant street.
 The Polish Junior league of New Britain will present a charity garden
New Britain herald., 1930-07-08

NEXT: The sinister political intrigue and trIckery of the Bal kans Carols dramatic restora- ton and the events that preceded If