davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-09-19
Appalachian Gas
To Issue NeU Stock

Under a novel method of pay.
nlent, calling for an initial out
lay of 80 per cent and with un.
usual optional features regarding
the payment of balance, Appa-
lachlan Gas Corporation has
authorized the issuance of 10O,-
900 shares Of its 81 convertible
preferred stock series A, under
allotment certificates, each Of
which will be exchangeable on
and after July l, 1881, upon a
total payment of $1,000 plus ac-
crued dividends, for 10 shares
of ST convertible preferred stock,
series A. plus 10 shares Of COM
mon stock.
The Washington times., 1930-09-19
Market Balance Swinging
In NdrroU Range

We import mostly raw mater
ials such as silk, rubber, copper
and hides. Therefore, one Of the
best measures Of activity in our
industries Is found In the import
figures.
I should say that the figures
are about at a stand off. The
small gain in exports is encourag-
ing. The small decline in imports
indicates that industrial activity
has not picked up much yet.
While swinging narrowly. how
ever, the market is really jammed.
The averages got up to the July
high point and stuck there. They
would not go higher-ohviously
because buying fell off. The pub
lie would not come In. They won't
so lower, because the pools and
traders who put them up will not
sell.
Probably ii the market Is able
to hold up against bear attacks
and liquidation for another day
or two, it will make another little
squirt and again approach the
upper resistance level. But 1t is
not likely to go through the old
highs.
Traders should be on the alert
to note any considerable run up
in trading volume which is not
accompanied by strength IN
prices. When that happens, LOOK
out.
Certain stocks continue to act
very we'll and to be supported by
good business in their lines. For
example, there is Continental
Can. The drought evidently did
not hurt the canning business as
much as feared. Both the direct
reports on the company, and re-
ports or the consumption OF tin
plate look favorable. Continental
does not seem to be bad buy At
SIS
The Washington times., 1930-09-19
A Puzzle

A Puzzle
Tncrea ase Of $79,000,000 in
brokers loans for the week was a
curious development in view Of the
fact that stocks were uniformly
lower in the period covered by the
report. A decline had been gen.
orally expected.
1t would appear on the surface
that the public has been taking a
few more mouthfuls this week and
that some distribution had taken
place. Since the clamor of the
bull crowd for the past two
months has been about their in
ability to obtain a public follow
ing this should hearten them. How.
ever, there are other factors
which affect the loan total. as
new offerings and expiration of
subscription rights. The Warner
rights expired last Saturday, in
volving cash payment of about
$4,000, 900.
What probably was as much
responsible as the loans increase
as anything was the formation Of
a number of pools this week.
Quite few stocks have been Civ
ing evidence of accumulation, and
pools as others have to have
money to operate. All in all, with
loans at their present deflated
state, gains can not be considered
bearish.
There is steady investment de-
11and for Dupont and good deal
Of stock Is being taken out of the
market. I know of one big block
that was placed privately yester.
day. Well informed people are
bullish on Dupont because Of its
position not only in the chemical
field but in the automobile and
aviation industries as well. Du-
points General Motors holdings,
worth about $500,000,00 at cur
grent market prices. are carried in
The Balance Sheet at only slightly
over one-third of this vast sum.
The Blues Chorus
It only takes a few days Of de.
rlining markets to bring long faces
in the street. Even those chroni.
cally bullish begin to look and
talk SOUR. while the bears talk
xleefully of cellar prices.
It's just the old, old story OF
mob psychology. The moment the
market has a couple of good days
the smiles come out again and
those who have been most blue
are the first. to join the hallelujaE
chorus. It seems a rather late date
to turn bearish on the long tern
trend of the market and business
Fundamentally. We have a year
OF depression behind US now. Tha'
brings the recovery nearer by a
year If nothing else. Business has
begun to turn up, and though It's
recovery may not go as far as
anticipated it is quite likely that
July and August were the low
points of the depression. Next year
is still quite far off but chances
are that 1881 will be fair year
if not another 1929.
Tape action of Lorillard is Civ
The Washington times., 1930-09-19
Northwest Trade
Gamma, Says Bank

MINNEAPOLIS. Sept. 19.-Gen-
eral business struck bottom IN
the first half Of September. the
west Bancorporation S
September review states. ExasSer-
ated statements Of drought effect,
it declares, gave the country an
erroneous impression of conditions
in the States north and west OF
Lake Michigan, particularly Of
Montana, where the late rains
revived the ranges and distress
marketing of cattle and sheep
was prevented. Minnesota's total
production Of wheat, corn, oats.
barley rye, flax-Seed and potatoes
of 100000. 900 bushels will be only
l per cent under last year.
The Washington times., 1930-09-19
Director New York University
Bureau Of Business Research
and Former Economist Of
BY LEWIS HANEY

Director New York University
Bureau Of Business Research
and Former Economist Of
Federal Trade Commission
In a way, the stock market
seems to- be in very delicate bal
ance. It swings slightly in either
direction on news that is not
very important.
In another way, the market
seems to be in a jam. The
swings do not carry far. No
sustained movements, either up
Of. down, seem to be possible.
To illustrate how very small
things easily cause narrow
swings. take the news on our
foreign trade. It was reported
that in August the total of our
exports and imports was a trifle
larger than in July. The market
rallied a little.
How important is this foreign
trade news? When we examine
the figures carefully, we find the
value Of our exports was up
$35. 100000, or II per cent.
Usually exports do increase in
August with the beginning of the
movement of cotton and wheat.
So, in part. the increase was
seasonal.
The gain last month, however,
was more than usual in percent
age. It tends to confirm the
idea that prices have gotten so
low that foreigners are increas.
ing their purchases. This is Ger.
tainly true in the case Of cotton.
On the other hand. our i'm
ports declined very slightly al.
though they should normally in.
crease about 6 per cent in Au-
gust. This fact seems to bear
out the recent figures on en-,
ployment and car loadings in in
dicating some further decline in
our domestic industry last month,
The Washington times., 1930-09-19
N. Y. Central ShOWs
Gain in LOnHin0S

Loadings of revenue freight on
the New York Central lines for
the week ended September II,
totaled 1912 cars, against 1885,
892 for the corresponding week
Of August this year and 1870, 1874
for the same week q year ago.
For the two weeks ended Sep
tember IA, loadingS aggregated
275,769 cars against 27l,194 for
the similar period Of August and
26l,199 for the first two weeks
OF July this year. In the first
two weeks of September, 1929,
loadings totaled 339,581 cars.
Loadings for the week ended
September ID, this year, were the
largest for any week since that
ended May IA.
The Washington times., 1930-09-19
Marine Premiums
Set at S6O,442,OOO

Companies writing marine in
surance in the United States re.
ceived gross premiums of $780,
442,000 in the calendar year 1929,
according to a survey made by
the Bureau of Finance of the
U. S. Shipping Board. OF this
total $8.696,0O0. or IA per cent,
found it's way out of the country.
through reinsurance. leaving a.
net of $51,746,000. Inland naviga-
tion is not included in the COM
pilation, -
The Washington times., 1930-09-19
SeiberIing Gets
FOreign Distribution

AKRON, Sept. 19.-An ar
rangement has been effected by
the Seiberling Rubber Co. with
the Avon India Rubber Co., It'd,
of MelkSham. Wiltshire, England.
under which the English com.
pany is to have the exclusive
right to manufacture and sell
Seiberling Tires in the United
Kingdom and Irish Free State.
The Washington times., 1930-09-19
INSPECT 8. & O. SHOPS

A commission of officers of the
London, Midland and Scottish
Railway Co., of England, will in
spect the shops, yards, terminals
and marine facilities Of the Balti.
more g. Ohio Railroad IN Balti.
mors today and tomorrow.
The Washington times., 1930-09-19
S. 0. of Jersey Cuts
Oil IOc q Barrel

The Standard Oil Co. Of New
Jersey today cut the prices OF
bunker oil 10 cents barrel. The
cut further emphasizes the un-
settled conditions now prevailing
in the oil industry,
The Washington times., 1930-09-19
BUILDING H AS
SLIGHT DROP

Construction contracts awarded
in the 81 States east of the Rocky
Mountains during the week ended
September IL. totaled $91,525 900,
according to the F. w. Dodge
Corporation, bringing the Septem,
her total to date to $135, 1856, 400,
which was at the rate of $13.536,-
600 per business day. In August,
the daily rate was $l3,892, ZOO
while for September, 1929, the
rate was $17,776,100.
thus far in September, resi-
dential building showed q higher
6aiIy rate of contracts than in
August, while non-residential
building and public works and
utilities showed lower rates.
The Washington times., 1930-09-19
To BE MIL D, HE
ADVISES TRADERS
Increase in Brokers' Loans Proves to Be
Puzzle; Dupont in Demand for Large
Investors; Lorillard Active
Rx THE SPECTATOR

The market ship seems to have run into squal and
Is getting battering. Stocks dipped down again
yesterday after giving coloress performance all day.
Volume of trading but little larger than Wednesday
and indicates another professional affair
Until there is real either the day TO
day market action doesn't carry much meaning.
The likelihood that while the reaction gives eVi-
dence of going further it won't reach serious proportions
At little incentive for making new
commitments in the market for the time being. Wait
and
The Washington times., 1930-09-19
Here and There

Stocks that have broken chart
resistance levels include American
Can and General Motors while
steel just touched it.
There are said to be two big
pools working in United Aircraft.
Much of the buying in Kroger
has come from the Middle West.
It is the second biggest chain out
there, being topped only by the A.
and P.
There are further reports Of
steady inside buying in Warner
Brothers.
Electric Power Associates Is
selling not only considerably below
it's breakup value but below its
original offering price as well.
The old story Of the acquisition
of Byers by U. s. Steel is being re-
vived. Those in a position to
know say there is nothing to it.
They are tipping both National
Power and Electric Power and
Light. Each may be good for a
turn but not while the present
selling is going on.
The Washington times., 1930-09-19
Strauss Reports Drop

Reports from 585 cities through
out the country for August to-
tailed $50. .79O,388 compared with
S188, ,937 .604 in July and $255,OS2,-
878 in August. 1929. according to
fhe s. w. Strauss National
Monthly Building Survey. The
loss frem the preceding month
was is per cent, and from the
corresponding 1929 month was 81
per cent.
A group of 25 cities reporting
the largest volume of permit
showed q IS per cent drop in
operations in August to s92, 1888,
lat, compared with $120,627 $50
q August. 1929.
The Washington times., 1930-09-19

ing definite evidence of large scale
accumulation. am told that in
siders have been picking up the
stock around current levels. Lori
Hard is doing better and is begin
ming to make money on Old Colds.
Some estimate earnings for the
year at So. On the common but 81
would probably be nearer 1t. The
company has a large funded debt
but the stock looks like a good
low priced speculation.
Rolling Mills
American Rolling Mills, one Of
the most widely touted of the
bull market stocks, broke into
new low ground yesterday. Those
close to the company declare
that the worst has been passed,
but the action of the stock IS a
warning to stay away from 1t
until the present selling is com
pleted.
I hear that one of the COM
pany's plants is operating at
so per cent and another at rs
per cent. The English plant, I
am told, is operating at 100 per
cent, surprising in view of the
depression in Great Britain.
Earnings for the first six months
we're less than 81 on the COM
mon and the likelihood is that
the So dividend won't be earned.
The company's new rolling pro-
cess is said to be working out to
expectations and gives the stock
speculative flavor. However, wait
and see.
Good buying continues in
American Telephone. Telephone
is probably the cheapest stock on
the board when you consider in
vestment rating along with earn
ings. Frequent rights to stock
holders bring the yield UP to a
respectable basis. Those who
want to speculate and not worry
won't go wrong in telephone
around current levels.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-06-01

OF the city and county. She was
prepared IN normal schools for
teaching and before her election as
county superintendent was con-
nected with the Brownsville school
system as teacher. She has had a
prominent part in the organization
Of school work over the county,
p. +. "A. activities. and the general
program for Identification and i'm
provement Of county schools.
She was a charter member OF the
Brownsville p. r. A., the first In the
Valley, and also assisted the San
Benito p. II. a.. in its organization.
Mrs. A. w. Cooke holds an out
standing record as a member Of
the club In her service as Cameron
county treasurer. She Is now In
her fifth term in the county office,
covering a period of ten years since
her election in 1920.
She was served in various other
business capacities during her
residence OF II years in the VAL
ley and was previously the auditor
for the San Benito Water improve
ment district. and city secretary,
clerk and collector for the city Of
San Benito.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-06-01
Business Club
viii Be GiUen
CoFProceeds

Brownsville Business and Profess
Sional Women are 10 turn golfers
on Tuesday. June 3. through the
courtesy of the managers OF the
miniature golf course near the post
office. Ed Kendall and Jimmie
George. They are to take over the
golf playing during the day and
evening and will be given the en-
tire proceeds off the course, which
will be used for the local clubs
quota for entertainment OF the state
convention.
The local club girls Will be gen
eral managers" and will attend to
all requirements OF the course dur
ing the day and evening as well as
act as caddies and score keepers.
All friends Of the club are urged
to do their golf playing on Tues
day and give the club members
benefit OF as large proceeds as pos
sible from their management Of the
golf course during the day and eve
ming.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-06-01
Calendar For The Week
MONDAY

MONDAY
Music recital Of Mrs. Nora Lanes pupils at First Methodist church,
3 I. m.
Lawn supper OF Presbyterian Senior League church lawn. z !. m.
Womans Auxiliary Of Presbyterian church will hold it's regular bust
ats
Baptist W. M. s. business and social meeting at church. $50.
Altar Society Of Sacred Heart church will have a business meeting
at 3 O'Clock at the home of Mrs. A. A Brown, 1923 Washington.
Auxiliary of &C Ep acopal church meets at 3 p. n. at the Parish house.
Regular meeting of Hope Chapter, O. Z. S, at Masonic hall, evening.
TUESDAY
Presbyterian picnic for vacation Bible school children at Ringgold
Park.
An-day meeting Of Valley Odd Fellows and Rebekahs in Raymond.
vile.
Dance recital Of xatharn Gays pupils at Junior college auditorium.
8 p m.
WEDNESDAY
Just-Sew club with Mrs. S. c. Graham.
Bridge club with Mrs. Ed Marsh.
Wednesday Tournament bridge with Mrs Randolph Wright
THURSDAY
West Banker Civic club meets with Mrs. J. L. Kowakki at $50.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-06-01

allowed in bridge accessories. and the
salad and ice course served at the
conclusion Of the games.
Mrs. Draughn Gardner OF Edin-
burg won high score, second score
favor going to Miss Julian Thomas
OH and low to Mrs. J. Z. Bayer CT
San Benito.
Harrington guests we're Mesdamcs
A. E. Human. A. L. Brooks, II. j.
Goetzke, M. I. Olson, M ID. Dug
gan. j. y. Wilingham, J. g. Atchi-
son. <. ?. Hornaday. Allan Harper.
Ollie Miller, Gerald McKenna, Jake
and r. Z. Robertson. +. >. jackson,
wv. III. Maddox, j. "A. Crockett. III.
L. Kelly, w. Z. Bush, @. w. Diehl,
l.. F. McClenanthan. Hugh Ramsey,
Claude Ward. @. @. Street, III. III.
ISLANDERS. Ira Baize. %. @. Behse,
r.. r. Reed and "A. j. Rabel; Julian
and Margaret Thomson and
Frances Kimbrough.
Out-0f-tOWn guests were Mes
danes Jess Welsh OF San Benito.
Draughn Gardner, ard benson OF
Edinburg, Leland Hodges. K I.
Dague. II. H. Leuders. Of McAllen:
j. II. Bates, Gordon Llcwely1, JeS-
sic Liddell. wv. II. Beckham, Hugo
Letzerich, John T. Thompson. w. r.
Heard. Robert Sanders. +. II. CHS
well, Roland RAIDER, Lila Hall, y. T.
Bell and Miss Frances Beckham OF
San Benito; Mrs. Moran Duncan Of
Houston; tea guests were Mesdames
George Fletcher. @. II. Hamilton and
Nv. "A. Davidson.
Auxiliary Meets
American Legion Auxiliaries OF the
Fifteenth District gathered at Har-
lingen Saturday for the district ses-
sion, at which nine Valley auxiliar-
les were represented. The attend
ance was somewhat lessened by
morning rains.
Special visitors We're Mrs. Nv. T..
Burkhart OF Alamo, district chair
man; Mrs. T.. RI. Carpenter of Sour
Lake, state president; Mrs. Grady
K~ingsolving Of Corpus Christi, ma
tional committeewoman; and Mrs.
Edith Chapman Of New York Cityp
legion child welfare chairman.
After registration the visitors at
tended a special film showing at the
Arcadia theatre as the courtesy or
Mr.. King, following which lunch
con was served at the Woman's
building, with Mrs. Clayton Prit-
chard, president of the Harrington
auxiliary, presiding.
The chief address was on Ma
tional Defense" by Claude Z. Carter
Harlingen lawyer. Warren Reitz
gave a vocal solo and Mrs. II. l..
Baker gave "a reading
The afternoon was taken up chief
ly with reports of the different
CONTINUED On page -
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-06-01
Friday Bridge
Is Entertained
Mrs.. Spikes

Members of the Friday Bridge
club and one table Of extra guests
wsre entertained by Ms. J. S.
Spikes Friday afternoon at her
home. Gladioli and daisies form
ing a pretty color theme of yellow
and white were decorations.
Mrs. Catherine Stringfellow won
high score prize for club members,
and Mrs. Harbert Davenport, second
high. Mrs. Coils Perkins was CIV
en- the high guest favor and Mrs.
Ford Lockett the travellers prize.
A dainty salad course was served
late IN the afternoon. The guests
were Mesdames G. w. Gotke, Ford
lockett, G. p. Perkins, Randolph
Wright. Club members present were
Mesames Catherine Stringfeilow, j.
A Graham. j. S. Graham, Laura
Monroe. Harbert Davenport. Milton
West. w. r. Jones and Miss Elsa
Walther.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-06-01
Shower Given For
Recent Brides

A miscellaneous shower was given
at the home OF Miss Bernice Hut
ton Friday evening in honor Of
Mrs. Fred Howe. formerly Miss
Doris Williams; and Mrs. Tommie
Newton, formerly Miss Louise Gill
leland. The evening Vas spent In
giving advice to the brides. among
which was read the article on How
to Cook a Husband; a guessing
contest In which Marjorie Craig
made high score for which she was
rewarded a boquet Of zinnias; and
music. When the gifts were opened
each bride found that she was the
recipient Of q number OF useful
household articles such as linens.
glassware, cook books, etc.
An ice course was served TO the
following guests: the honorees. Mrs.
Newton and Mrs. Howe: Mary Sing
er: Mrs. w. A. Velten: Marie John
son: Mrs. B. johnson: Marjorie
Craig, and Celestia Gobble.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-06-01
Brownsville
Girls Signed
For 'Y'Camp

Brownsville girls have lost no
time in getting their places for
assignment for the annual summer
Girl Reserve camp conducted BY
the Y. w. c. A. opening June 9
at Rio Hondo. In fact, 1t is likely
that other applicants for the first
week OF camp viii have to wait
until the second, because OF the
many who r desiring to attend.
The girls who will go to the camp
the first week are Mary Frances
Seago. Doris Mckay, Josephine
Taylor, Dorothy Pattee, Alice Fitch.
Dorothy Grove, Jane Richardson,
Marie Jackson and JAMIE Seaman.
Junior high girls are TO attend
the camp the first three weeks.
Senior high girls will 60 the fourth
week, and girls OF both ages the
fifth week
Miss Lillian Hooking. Valley c..
n secretary is to direct the ac-
tivities Of the camp which will be
many and interesting for the sum-
r-er.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-06-01

four years ago. In the fall OF 1926.
Mrs. Frank Pierce of Brownsville.
newly elected president Of the local
club. was the first federation
president. and charter clubs were
Brownsville, Harlingen, Edinburg.
and McAllen. The organization is a
social one, and a distinct Valley
unit. having no connection Off
cially with the state organization.
Meetings are held quarterly In the
different Valley towns. From the
four charter clubs the Valley as
ISOLATION has grown to nine, Ray
mondville, Donna, Mercedes, Wes-
laco, and San Benito having been
added. San Benito being the baby"
club Of the Valley.
Whatever has called for militia
tive and enterprise in civic projects
Valley clubs have been identified
with. They have taken the lead IN
civic undertakings Of various
nature and have established a
means OF enjoyable social inter-
course among themselves in the
Valley.
Brownsville stands as the pioneer
Business Women's club of the VAL
ley. 1t was organized in 1925, with
Miss Julia OBrien. present state
vice-president, as first president,
In Public Offices
Members OF the Brownsville club
are all engaged IN worthwhile
business occupations, and two
prominent members hold public
offices.
Mrs. w. r. Jones Is serving her
first term as Cameron county
school superintendent. and has an
outstanding record with school life
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-06-01
Comings, Goings

Mrs. Eta Downie and son,
Charles left Thursday for their home
In San Antonio after a visit with
Mrs. Downie's sister, Mrs. B. L. Ko-
walsh and family.
MI. and Mrs. j. w. Irvine are
leaving 500 for San Antonio for a
two weeks stay before Mr.. Irvine
takes I'D his work for the summer
at the University OF Texas.
Mrs. Del Perkins leaves today FOR
Houston for a short visit with her
parents.
Harbert Davenport Jr., is spending
the weekend in Kingsville, the
guest Of John Finnegan, Jr.
MI. and MRS. Howell McCampbell
have returned from a weeks stay
on their ranch at Hebronville.
Mrs. r.. @. Sizelan left Saturday
night for Los Angeles, Calf, for a
visit with her daughter.
Mrs. j. r. Custer OF Portland. Ore.
as q guest in the family Of her
daughter, Mrs. II. l.. Yates.
Mrs. Frank Brown and Mrs. Hill
lard Smith, Jr., are in San Antonio
for q weeks visit.
Chaplain and Mrs. Ivan Bennett
are to leave Fort Brown tomorrow
for new duties at Fort Eustin, va.
Miss Dorothy Vertrees leaves to-
day for summer session at G. A. T.
Kingsville.
Misses Virginia Pattee. Alcine
Morris, Marie Workman and Frances
Creager came in Thursday morning
from Our Lady OF the Lake College
San Antonio.
Mrs. w. l.. ~Pendergraft and little
daughter are leaving today for Santa
Barbara, Calf, TO spend the sum-
mer with Mrs. Pendergraft's mo-
ther and other relatives.