davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-07-28
F OREIGN BOND.
ISSUES HERE /,
DOUBLE
Half Year Figures Reveal
Huge Increase in Trad.
ing; Many. Issues Popular

Offerings of new foreign bonds
in the American investment mar
ket during the first half of the
current year were nearly double
those of the corresponding period
in 1929, the review issued today
by Dominick and Dominick states.
Readiness of American investors
to absorb such large volume of
foreign offerings, it is stated, is
due In large measure to the con-
sistently higher yield which for
eign bonds have afforded over
high grade domestic issues.
A comparison of yield indexes
of foreign bonds with those of
high grade domestic bonds dur,
ing the period from 1920 to 1928
reveals that, at offering prices,
foreign bonds offered a return
well over a point and tWo-thirds
greater than that of domestic
bonds, or relatively 35 per cent
more. The domestic bonds Sc
lected for the comparison con-
sisted of is industrial. Is rail-
road. Is public utility and Is
municipal bonds.
European borrowings consti-
tuted the largest proportion Of
new foreign bond issues during
the IL year period. 1919-1e29.
averaging 4O.5 per cent of the
total. Canadian issues were next
in Importance, averaging 26.o per
cent of the total followed by
Latin-American bonds averaging
23.5 per cent and Far Eastern is
sues averaging 9.5 per cent.
The Washington times., 1930-07-28
Market Laggi the Spectator Advises Traders
Leaders in Business
Speeding Recovery
OF Market and Trade

estimates show that the cost Of
living has been reduced.
Real Estate and building is
commencing to recover and it is
thought that it will be completely
recovered in the course Of the
year.
One item which is greatly
worrying the booster of prosper
ity, however, is the actual and
threatened retaliations of the re-
Gently passed tariff act. Some
of the rebuttal measures taken
by foreign countries win seriously
affect certain industries.
A special effort on the part of
leaders to secure the good will
of the countries affected by the
tariff looms. To what extent they
will be able to offset the act is
a matter of speculation.
Already, however, certain large
manufacturers have .,een able to
secure certain privileges which,
enable them to still enter the
foreign fields. Probably the fore
most example of this was the
recent formation of q company
backed by Henry Ford, Detroit
automobile manufacturer, to build
a light car in Italy. This is
pointed out as the only manner
in which the tariff retaliation
could be beaten. The company
which is backed by the Ford in
terests is to be managed by
Italians. it is declared
The Washington times., 1930-07-28
PROGRESS
IN. FIELD OF
AVIATION
Clement N. Keys Sees Bill
liant Future For Business;
Expansion Pointed Out
By EDWARD DIXON

Transport planes in the United
States covered 41,499 miles
last year. This Is more tn an
double the miles flown in the
previous year and Is 10000, 900
flight miles more than the record
of 1925.
Passenger travel has increased
at even a greater rate. In 1925
only 5,782 ventured on air voy-
ages over the regular flying
routes. Last year 173,4O5 were
carried.
A proportionate increase is ex-
pected this year. And the indus
try Is still in the early develop
ment stage.
Weathers Recession
Clement M. Keys, president of
Curtiss-Wright Corporation, and
q director in 20 aviation COM
panies. finds aviation has wealth
cred the present business reces-
sion better than most other in
dustries.
AS to the future, Mr.. Keys
said:
1.-THE best things that have
happened are not as good as
the best things that will hap
PEN"
That is an optimistic forecast
the rapid growth OF
the last three years.
This year, as far as earnings go,
companies have not done so well,
but they have gained In financial
stability. Mr.. Keys declared that
his company which is one of the
two big ones, will show a substan-
tial decline in earnings. But he
added. they have no large debt
and much of the loss can be at
tributed to a cleaning up inciden-
tai to the merger last year of Cur
tiss Aeroplane g. Motor and
Wright Aeronautical Corp.
I asked MIR. Keys if he thought
the general public was becoming
more aAF-HllnuEu.
Lack Of Airplanes Hurts
They were he said. but added
the airplane would never Supplant
the automobile, regardless Of how
safe it became. The airplane for
private use Mr.. Keys places in
the same category as the yacht
and motor launch.
There is one thing. in Mr.. Keys
opinion, that endangers the
growth of air travel. That is the
lack of airports.
Airports, he says. are the most
essential accessory toward the
growth of the industry.
''The alrpIane Is safe enough
at the present time" he said,
"but the difficulty lies in the ab-
sence Of good landing places in
the event of O forced landing.
Were there airports or good
fields at intervals Of every 10
miles it would be possible for .
plane. flying ut q height Of 5000
feet or more, to glide to . land
ing without much danger Of
cracking mp. The gliding range
of the average plans is five
times the height at which it is
flying"
Big Freight Field Open
Discussing the possibilities Of
with the railroads
for both freight and passenger
Mr.. Keys stated that, in
his opinion, the aviation COM
panies would both cooperate and
compete with the roads for ali
kinds of traffic in the same man.
ner that the buses are doing at
the present time.
freight" he said, sis the
biggest field in the air indus
try. And it hasn't been
touched"
To return to airports, the De-
partrnent of Commerce on jan
uary 4 announced there were 1852
airports in this country, Of which
453 were municipal, 495 CONNER
cial, 2S5 Department of Com
merce intermediate fields and 6S
Army fields.
The Washington times., 1930-07-28
NEWS
In Today's
CLASSIFIED ADS

LOsT-DOs, small, white and liz r
eOIOred spring spaniel, female;
probably vicinity Of Chain Bridge
on Maryland side; reward.
FURNISHED ROOMS-The Psrtner
Apartment; ,i8elightfuliy cool and
pleasant outside F0Om: gentlemen.
FRANKLIN--1gs7, Series II. fOUr-
passenger coupe: very low mileage;
tires excellent: paint and upholstery
like new; priced law for quick sale;
yOue ear In trade; terms.
FOUR-R0OM HOUSE - Beautiful
shade trees: fOur large lots; house
wired for electricity: price, $1,000:
$IOO cash. $l5 month.
These are ''sideliOhts" on some Of man
Interesting GdCertise9ae eats y4B totH find i
today,s Times and Herald Classified Ads..
FURNISHED APARTMENT-Oppo-
site Walter Reed Hospital: entire
second floor; tw0S large roems,
kitchen and double sleeping -poreh3
tile shOWer-bath: all modern ima
pF0pemenfs; heat. gas ana electric
lty included: &45 month.
BUSINESS OPPORTUNITY-Del
catessen and confectionery store for
sale nc q bargain; doing good
business.
The Washington times., 1930-07-28
.PROF|T-TANNG IS ADVISED.
BY MARKET EXPERT
Extreme Caution Should Be Used in Making
Commitments, He Declares, Pointing to
Possible Reactionary Session
By THE SPECTATOR

Stocks closed the week higher after moving about in
irregular comparatively during most of the
trading The like Steel and made
tops would indicate that further bullsh
demonstrations likely today If this materazes Spectator
caution and taking profits in at least part of
commitments though he still believes the long trend upward
Purchase of during the
past They several points the
outside OF optimism to expect mmed
ate sharp advance from these levels.
Trading still almost entirely professional short covering
being mainly responsible the further bulge
will weaken the technical condition and make it
ceptble to renewed selling pressure
The Washington times., 1930-07-28

dividends ....... 1,043,S55 s93,341
Six Months op. rev 40, 233,0s6 SO, 1852
Six months non
inc, (netl. 1,O77,s97 1,276,305
Six months balance
for dividends... s,s12.s22 s,s5s,s44
~ mos. op. rev. S0,4S2.132
IL months non-op.
income tneD. -. 2,712,7O3
IL months balance
for dividends. rs s0s513
The kiloWatt hours generated
Or purchased are reported as fol
lows:
June ..:..... S56,762,111 S76, ,67253s
Six months. :. 8, 3,6o0.121,5S1 s,580,sl412e
~ months. 7,274,44s, S07 1924 196S43
The sales of gas in cubic feet
are reported as follows:
June ......4.. 36,164, 600 701s145O0
SIX Months. 4,sss,s51, 900 4osSs1s, 100
Com. g Southern
Gross earnings of the Com.
monwealth & Southern Corp.
and subsidiaries for June
amounted to $l1,539, ,6ss, COM
pared with $11,sS1.S6I for June
last year. Net earnings for June
were $5,649, ,O97, as compared with
$5,893 ,623 in June, 1929.
For the six months ended June
80, gross earnings amounted to
$73, ,099,941 and net earnings $685.
836.528, as compared with $73,-
564,177 and $37.206.626, respec-
lively for the corresponding six
months period.
The Washington times., 1930-07-28
Hershey Chocolate
Net Ahead of 1929

Hershey Chocolate Compa ny
and affiliated companies reported
today for the quarter ended June
80, a net of 1898, ,496. compared
with a net income Of 81, ,959, ,729 in
the corresponding 1929 quarter.
For the six months ended June
80, net income totaled $4,253,Ti4
compared with $4.224.869 in the
like 1929 period.
The Washington times., 1930-07-28
Local Stocks

FURNISHED by w, 3 Hibbs & Co.)
SALES
Norfolk & Washington Steam
boat rts., 70f6H, 45016.
Merchants Bank & Trust Co.,
1O0l25.
Merchants Transfer & Storage
CON-, 1O@1OS.
Merchants Transfer B. Storage
pfd., 50961s.
Mergenthaler, s q 96A.
AFTER CALL
Potomac Electric 51as pfd., SO
1O81a.
Capital Traction Co., 10068,
1O068, 1O@68, 1O068, 506S.
Mergenthaler, 5@9612.
Norfolk 81 Washington Steam
boat rtS., 4O016.
Potomac Electric 512s pfd., 10
@l09.
Mergenthaler" Lin otype, 4096N.
Merchants Banuk & Trust Co.,
50@125, 500125.
The Washington times., 1930-07-28
DeLGIU0re e Hudson
EARNINGS Decline

Delaware SS Hudson Railroad
Co. reported today net operating
income for June of $401, ,44O,
against $713,727 in June, 1929.
Net for the six months ended
June 80 totaled $2,339, 300. against
$3,352,5S5 in the same 1929 per-
iod.
The Washington times., 1930-07-28
StGEtntOn Company
Gets Road Contract

STAUNTON, Va. July 26.---
Contract to build five miles. Of
Eastside Highway in Page county,
beginning at Newport and ex-
tending to Stanley. has been
awarded to r.. w. Moore g. Co.,
of Staunton, for the sum Of
Sill, ,F68.S4.
The Washington times., 1930-07-28
GEORGIA GAINS 6,2e5

The population of the State of
Georgia increased by 6.295 resi-
dents. or O.2 per cent, since 1920.
according to the official census
figures today by the Bureau of
Census. The population is 1907
127 residents, against 2,S95,S32 10
years aso,
The Washington times., 1930-07-28
L0ckuLU0nna Net
Off OUer S2,OOO.OOO

Delaware, Lackawanna & West
ern Railroad Co. today reported
net operating income for June of
$973,219 against $1,312,843 in
June, 1929. Net for the six months
ended June 80 totaled $5,O25,259
against $7,885, 1874 in the like 1929
period.
The Washington times., 1930-07-28
Anchor Cap s Months
Net to S2.N Share

The Anchor Cap Corporation
reported today for the six months
ended June 80 a net income of
$575,1 equivalent to $2.O4 a
share on the outstanding COM
mon stock. This compares with
$495 ,636 or $1.71 a share in the
first half of 1929.
The Washington times., 1930-07-28
Trends

Charts OF market movements
and individual stocks have an
almost uncanny way of forecast
ing the next move. They indi-
cate accumulation, distribution
and trends.
At present charts show that
we are still in bear market,
though indicating an area of &C
emulation around the June Is
lows, it is very possible that the
present advance is only another
drawn-out rally as was the spring
rise. If, however, the market
breaks the bear market the re-
sistance points and keeps going
up on increasing volume, it might
be the beginning Of a new bull
market. Steel, however, would
have to go we'll above ITS and
other leaders in proportion be-
fore this occurs. And business
would have to be good and get
ting better. ..
A new quirk in business fore
casting comes from Washington
in proclaiming dynamite the most
sensitive barometer of trends. I
admit its "sensitiveness" but ques-
ton the theory. 1t would seem to
me that time headaches and
heartaches of the past nine
months would make aspirin sales
the best gauge.
The Washington times., 1930-07-28
Utilities

The utility section, with but
few exceptions, has been laggard
in the current advance. The
realization of their high prices in
relation to earnings has cost
them favor in the eyes of both
the public and the street. Merger
talk has lost its old-time potency
and traders are turning to new
The Washington times., 1930-07-28

Lambert is gaining favor in
conservative brokerage circles.
The stock went through a stormy
period in the June slump when
the safety of the So dividend was
questioned. Earnings so far this
year have covered dividend re-
quirements but even reduction,
If small, would give a good re-
turn at current levels. The COM
pany is, a leading factor in the
drug field. Inventories are small.
The Washington times., 1930-07-28
A Good Stock

Drug Inc, is a stock OF invest
ment caliber that should do better
At current quotations it is selling
at about twelve times 1929 earn.
ings. The company this year
should do as well as last. The
recent merger with Wick ,Chemi-
cal strengthened Drug. It's British
subsidiary is doing better. There
have been persistent reports that
the 81 dividend viii be raised
some time this year. This Is very
likely in view of the company's
strong financial condition and its
assured position in the pharma-
ceutical and chemical field.
New Britain herald., 1930-10-17
Control of Next Congress Prize Sought By Both Major Parties
 During Oncoming State Elections

workers party has candidates in four Michigan districts.
 The farmer labor party, the only party outside of the democratic and republican parties which had mem bers in the last congress, has nine candidates in Minnesota and one in Iowa.
 In the last senate there were 56 republicans, 39 democrats, and one farmer-labor members. Of these 25 democrats, 35 republicans and the one farmer-laborite are holdovers. One republican has already been elected from Maine and on Novem- Der 4 the seats now held by 20 re- publicans and IA democrats are to be filled.
 In five states the democratic can didate is without opposition, Byrnes Of South Carolina. Harris of Geor- gia, Long of Louisiana, Harrison of Mississippi and Robinson of Arkan- sas having won their seats in the primaries. In Virginia. Carter Glass is opposed by one independent and one socialist but he is conceded victory making six certain demo- cratic seats. They must win eight more to retain the strength the party had in the last congress and Is additional if they are to have a majority.
 The republicans, with one sena- tor, White of Maine, already elected, need win in only 13 of the remain ing senatorial contests to have a nominal majority.
New Britain herald., 1930-10-17
PUBLIC DEBT CUT
 SMALL THIS YEAR
Uncertain Conditions May Slice Reduction to Half Normal

Washington. Oct. 1T (UP)-The amount of reduction on the s16,OOO,- 100000 G6 billion) United States public debt is likely this year to be about half the amount paid off an nually in recent years, it was indi- cated at the treasury.
 For some years, the treasury has been reducing the public debt at an average annual rate of about sSOO,- 100000. In the last fiscal year, 6,000,000 was cut off the debt, but this fiscal year debt retirement will probably not exceed the legal minimum of S445,000,000.
 The treasury is required by law to place in the sinking fund for debt retirement each year an increasing amount bearing a definite relation to the debt outstanding. The treas ury this fiscal year must retire s445,000, ,000. Slow progress has been made to date, only $65,000,000 have been placed in the sinking fund since July 1.
 In the many years of large sur pluses since the World War it has been the treasury's policy to utilize the surplus at the close of each fis- cal year for debt retirement. This was S4,O00,000 last year.
 Uncertain business conditions this year. which are expected to cut greatly the governments tax rev. enues, indicate that the treasury will not have available the customary surplus for debt retirement.
 Furthermore, with U. S. bonds selling at a premium, foreign na- tions probably will continue to pay their debts in cash. This means that the s1S4,000,OO0 to be paid on ac- count of interest will be placed in the general fund. In the past when this payment has been made in U. s. bonds, the treasury has cancelled the bonds, reducing the public debt by that amount.
New Britain herald., 1930-10-17
|NEWSPAPE HEARS
 BOB WILL RETURN
Missing Financier to Be in New
 York Shortly, Call Says

Washington. Oct. IT (UP)-The Washington Herald has announced it had received a telephone call from a man describing himself as the secretary of Charles V. Bob, missing financier, and asking the newspaper to state that Bob would return to New York during the next three days.
 According to the Herald, the man said:
 T wish you would announce In your paper that Charles V. Bob you know, who is missing from New York-will return there within the next three days to answer any charges made against him. T am on my way to see him now. He is not in Washington. I know you don't usually pay atten- tion to anonymous calls. so I'll go a step further and say this is his sec retary speaking.
 Now there is no use asking me anything about it; that is all there is to say at this time. Thanks. Good bye"
 When Bob vanished a week ago his associate, Frederick Russell dis appeared at the same time, presum- ably with the capitalist. Russell is reported since to have telephoned his office from Chicago, disclaiming knowledge of Bob's whereabouts.
 New York, Oct. IT (UP)-Author-
New Britain herald., 1930-10-17
and other data connected with the business.
 Says He Certified Document

and other data connected with the business.
 Says He Certified Document
 Recently Washburn examined Jubien and George L. Johnson. pres ident of the trust. Johnson testified under oath that he signed, at Bob's direction, a document certifying 10 d list of securities owned by the company as of Dec. 31, 1929. Among the stocks listed were Consolidated Gas, National Power and Light, Tex as Gulf Sulphur, Kennecott Copper. Commercial Investment Trust, and Cerro De Pasco Copper. s Washburn said that auditors found this list was false, although their total value was the same as the actual list of securities the firm held
 Nashburn said he might issue q warrant also for Russell, whom he regards as Bob's right hand man. He stated that conviction on a charge of filing false information, a misde- meanor, is punishable by imprison- ment for two years, and hinted at possible action on a criminal charge of perjury based on the fact that the financial statement was filed under oath.
New Britain herald., 1930-10-17

ities have turned to Chicago for aid in the search for Charles V. Bob, missing stock promoter, for whom warrants charging falsltica- ton of a financial statement are be- ing drawn.
 Rumors that Bob might still be in the mid western metropolis ap- peared to be borne out when Louis P. Jubien. treasurer of Metal and Mining Shares, Inc, the investment trust of which Bob was chairman, told investigators he had received a phone call Sunday from Frederick Russell, the companys secretary, in Chicago.
 Russell seemed to be in an in toxicated condition," Jubien said. T could hardly make out what he was saying. 1 told him he had better return at once, but he said he didn't 'know whether he would or not. H. said he hadn't seen Bob for several days"
 Try to Trace Phone Call
 Investigators said, however, they believed Bob and Russell were to- gether. They are trying to trace the source of the call.
 Bob has not been heard from since Oct. g. He called his wife here by phone to say that he was leaving by train for New York. Then he called his attorney and was in formed he was wanted for question ing by Assistant Attorney General Watson Washburn.
 The promoter also called a Chi cago airport and ordered plane prepared for trip to New York, but neither he nor his pilot, Col. Dean Lamb, ever arrived at the air port.
 Subsequently examination of Q safe in the office of Metal and Min ing Shares revealed that S6,000,0O0 of the firms securities were missing, together with a list of the stocks
New Britain herald., 1930-10-17
Democrats Go Into Battle Assured of 81 Seats in Lower House.

New York, Oct 17 (UP)-The democratic party will go into the November election with S1 seats in the house of representatives and five in the senate assured because the democratic candidates for that number of seats are unopposed.
 To win control of the next con- gress the democrats must elect 137 additional members of the house and must name 19 senators in ad- dition to the five who will take their seats without opposition.
 The task before the republican party if it is to retain control of the next congress, consists of elect ing 195 members of the house in addition to 23 who have no opposi- tion and 13 senators in addition to the one republican senator from Maine who already has been elected. IT the republicans can accomplish that they will have a majority ;n each house.
 When set down in figures the task of the democrats with regard to the house of representatives seems the easier although it may not be. That is because larger number of dem- ocrats are unopposed in the general election. Seven states-South Caro- lima, Georgia, Alabama, Louisiana. Mississippi, Arkansas and Arizona have no opposition to complete dem- ocratic congressional tickets. Ill Texas 10 democrats are without op- position for the house while Vir- ginia. Florida and Kentucky send three each Tennessee seven and California one.
 Only 23 republicans, on the other hand, take places in the house with out opposition. California sends nine of the 23. Washington three, Wisconsin four and Massachusetts, Kentucky. Tennessee. Illinois, Min nesota. Michigan and Kansas one each.
 There are 435 congressional seats to be filled. Four already have gone to the republicans in the state of Maine where the election was held a few weeks ago. One hundred and four will be filled without contest leaving 327 districts in which the major parties will contest for ascen- sdancy in the house. In a few ot these contested districts independ- -ents or members of the minor parties are opposing democrats or republicans but in most instances the two major parties have the field to themselves.
 The socialist party has put total of 4S candidates in the field chiefly in New York where A socialists seek seats in congress and in Pennsyl- Nania where there are nine socialist candidates. The others are scattered among Wisconsin, Montana. Michi- gan, Oregon, Missouri, Texas and Utah. a
 :. AS far as congress is concerned the old prohibition party seems to have disappeared. Only in Penn- sylvania where it has candidates in two districts, does the party appear on the congressional ballot.
 There are independents running for congress in two districts of Vir- ginia; one Tennessee district where the independent is the leader of a republican faction defeated in the primary: two in South Dakota and one in Missouri.
 . The labor party shows up with three candidates in Pennsylvania While in Missouri the social-la bor party has three.
 z, Communists appear finder that name in only Pennsylvania, Mon- tana and North Carolina while the
New Britain herald., 1930-10-17
China Gets Skyscraper
 Apartment in Shanghai

Shanghai, Oct. IT LPD-What is said to be the tallest building in China, a IT story apartment struc- ture situated in the heart of the residential district, is now under construction in Shanghai.
 The building is being erected on modern lines and will be fitted with the latest Conveniences and luxuries. The ground floor will house a talk ing motion picture theater
 FOR BEST RESULTS USE HERALD CLASSIFIED ADS