davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-07-29
many MARKS
SET IN LAST
6 WEEKS
Air Gathers More Heat in Day
Than Night Can Expel, Says
Expert of Weather Bureau

With. the end of a succession
Of heat waves in sight for the
country generally, United States
Weather Bureau officials today
offered cheering news to suffer
ing millions that they will not
have to endure a similar expert
ence again this summer.
There will be hot weather in
the dog days" of August, but
once the winds and earth have
cooled off, it is impossible there
will be recurrence of the record
breaking six weeks just past be-
fore the cooling winds Of ap-
preaching fall. officials say.
Many Records Broken
The past six weeks is described
by Weather Bureau officials as
"rnoSt unusual" The reports Of
many individual stations show
that records Of so years have
been broken.
The immediate cause of the
long hot period is easy to deter.
mine, say these officials. The
winds came from a Southerly di-
rection. The atmospheric pres
sure remained about the same.
There has been, and still is, a
Serious drouth in most sections.
Or. j. B. Kincer explained:
'"The winds acquired more
heat during the day than they
could lose at night"
The Weather Bureau experts,
however, are mum upon the un-
derlying cause of the condition.
Some scientists have attributed
violent departures from normal
weather to sun spots, Many
other theories have been ad-
vanced. But the underlying
cause Of weather changes gen.
orally is a mystery.
Trough of Heat"
During the past six weeks, the
Weather Bureau chart shows,
there has been a great trough"
Of heat extending from the South
west through the Central Valley
into the Northern Plains States.
There were three hot waves
during July-a rare occurrence.
The fact that they have followed
one another in rapid succession
has made the heat particularly
intense.
During sixweek period begin
ming June IT, the average tenn
perature above normal for key
stations is given as follows:
New York, two degrees above
normal; Washington, 4; Cincin-
natl, Az: Little Rock. S; Shreve-
port, 8: Chicago, 1.3: Omaha, Az;
Nlrson, S. D., 5; Bismark, N. D.,
4.3.
The great heat belt has been
in the big bowl" between the
Appalachian and Rocky Noun
tains, including the Middle At
lantic seaboard section.
Some Sections Normal
The Southeastern and North
eastern parts of the country have
been near normal, and the ex-
treme South also has reported
unusual heat periods. The Pacific
, Coast generally has been about
normal. But all other sections.
the Weather Bureau maps show,
: have suffered under abnormal
heat waves.
The Weather Bureau experts
say that from year to year
weather averages vary but little.
During May the temperatures of
the great inland Central Valley
were near normal, while during
June they ranged from two de-
grees under normal to two de-
greeS over.
The Washington times., 1930-07-29
OUTDOOR FETE. PLANNED

SILVER SPRING, Md, July 80.
The annual picnic of the Poto-
mac M. e. Church, South. will
be held in the Potomac School
Auditorium on Saturday.
The Washington times., 1930-07-29

Three days left to file your
Personal Tax Return. II you have
mot received a blank, call Ma
tiOnaI 5000, Branch 136, or call
AZ Room 1O3. District Building.
The Washington times., 1930-09-06
Investment Trust
Shares Sell Below
Liquidating Values

are not definitely known, IL Is
reasonable to suppose that
there has been no widespread
selling among investment
trusts, many Of which, more
over, are devoted to holding
and some compelled TO hold
their securities primarily for the
long pull. The managers, thus,
apparently have been taking q
definitely optimistic view Of the
security market outlook over the
long term, at least.
During the first half Of 1880,
some investment companies
managed to show . gain In mar
ket values Of securities held,
while . number Of others sus-
tanned comparatively heavy
book losses. The majority. how
ever, suffered only small un-
realized depreciation, net assets
Of IL individual portfolios hav-
ing declined on an average "A
per cent, rs compared with q
drop Of 4.6 per cent in our 80.
stock index during the period.
Obviously, then, these COM
panies displayed only slightly
better than average skill in mar
ket forecasts for the semi-an-
nual period"
The Washington times., 1930-09-06
Rise Stock May Next Week. AUers the
POWER B IN DS
ARE SOLD

New financing for the Kansas
City Power g. Light Co. in the
form of a $1,000, 900 issue of first
mortgage 30-year AZ per cent
bonds, series B, has been ar.
ranged by a banking group com.
posed of Otis & Co., Guaranty
Trust Company of New York,
Bonbright & Company, Inc, and
Halsey, Stuart a. Co., Inc.
Proceeds Of the issue will be
used to reimburse the company
for the cost of permanent i'm
provements, additions and better
ments, and for other corporate
purposes.
Kansas City Power and Light
Company, whose property valua-
ton was put at $65, III, 900 by the
Missouri Public Service Commis-
sion, does the entire central sta
ton power and light business in
Kansas City, Mo-, and also sup
plies electric current used in parts
of 26 surrounding counties. It
has shown consistent increase
in earnings for the past 10 years.
The Washington times., 1930-09-06

Mid-year statements disclose
that the great majority Of invest
ment trusts made substantial addi-
tions to their portfolios during the
first six months of 1880 and were
heavily invested, with compare
lively small cash reserves, at the
end Of the period, says the Stand
ard Statistics Company, Of New
York, in q current survey, parts OF
which follow:
"That investment trust stocks
were selling, on average, at ap-
prOximately 80 per cent Of net
asset Tor ''liquidating'D value as
Of June 80, 1880, IL also revealed
by the statements. What length
Of time will elapse before q
more normal position Is attained
cannot be fOretoId, but that an
extended bull market would wit.
ness q rapid closing up Of the
gap between liquidating values
and market prices IL very likely.
I'm our opinion.
Common stocks were pur-
chased by investment trusts not
only during the second quarter,
and at the low levels prevailing
in the latter part Of June, but
also during the first quarter. Al
though actions since June 30
The Washington times., 1930-09-06
American Can

Insiders were big buyers Of
American Can yesterday. This
bears out the report that strong
pools have been formel in Steel,
Can and Westinghouse.
Can Jagged behind the market
while Steel was crossing into new
high ground on. the current ad.
vance. Fears Of the extent Of
the drought damage on the can
ming pack were responsible. Now
that the. bad news has proved
exaggerated. I think Can has
started to move.
I declared here last week that
the stock acted as if it were
under accumulation. Can should
earn about So on the common
this year. If 1881 is anywhere
near normal, earnings should be
a good deal higher. Either a
The Washington times., 1930-09-06
AGR|CUL TURAL
SITUATION IS
CHANGING
Drought to Bring Elimination
Of SurpIuses and Sharp
Increases In Grain Prices

A vast change in the agricul-
tural situation Of the country,
With elimination Of depressing
s,lrpluses, virtual cessation Of ex-
ports of wheat snd similar grains
and possible snarp increases In
the price Of corn and wheat may
result from the long and wide
spread drought, in the opinion
Of Department Of Agriculture ex-
perts, 1t appeared today.
Secretary Of Agriculture Hyde,
basing his statement upon sta.
tistics gathered by department
experts, is on record as declar-
ing that agricultural production
Is nearing q domestic basis as q
result Of parched crops. He said:
An Grain Needed
Assuming that consumption
this year will measure mp to
the fiveyear average, we have
need for every bit Of grain We
have"
The situation revealed by the
Bureau Of Agricultural Economics
Is phenomenal. according to the
secretary.
While farmers have been worry
ing about Surpluses, and the
farm relief plan was evolved to
help the farmer prevent depres-
sion Of domestic prices because
Of the surplus, farmers now must
procure enough winter feed for
their stock.
Wheat Prices Low l.
Hyde indicated q belief that
wheat prices are far too low and
must increase, although declil1-
ing to make a categorical predic-
ton. He pointed out that Sep
tember wheat yesterday sold just
above 80 cents and corn above
90 cents.
Department experts. he says,
hold that II corn is worth 81 a
bushel as feed, wheat is worth
$l.12.
The Secretary has refused to
say that the Farmers National
Grain Corporation, formed by
the Federal Farm Board under
the farm relief act, should cease
exporting grain. He explained:
There Is one factor that
cannot be figured, and that Is
the adaptability Of the farmer.
He may save enough on the
usual feeds to change the stu
alton materially"
Shortage Serious
The livestock feed shortage,
however, in the opinion Of De
partment Of Agriculture experts,
is serious. At the same time,
farmers are clnging to their
livestock, and replies to question
naires show they will continue
to hold their. stock for the
markets.
Feed supplies per animal In the
20 States most seriously touched
by the drought are but 20 per
cent Of normal. experts say.
An official statement said:
Even the total supply Of
wheat in the United States as
whole Is not sufficient TO
offset the deficit Of feed
grains"
The 28 States affected produce
90 per cent Of the country'S corn
supply.
Reports Of intended sales by
corn farmers in these States are
insufficient to meet intended pur-
chases Of other farmers in the
same States.
The Washington times., 1930-09-06
MORE
CAUTIOUS

Caution in making commit.
ments at this time was strongly
stressed in brokerage circles to-
day. There was considerable di-
vergence Of opinion as to the course
of the market, some saying that
a technical upswing was due
while others believed that no
levels where sustained support
might be encountered were as yet
in sight.
The drives on the market Wednes-
day and again yesterday were
too theatrical in appearance to
warrant concern. We do not think
the selling carried any impor.
tance, nor did real liquidation
follow it either day--BAAR,
COHEN & CO.
Continue to feel that the mar
ket is at more or less Of q critical
stage. Consequently, as regards in
veStment policy, we continue eau
tious.-E. F. HUTTON.
After an irregular opening this
morning, we look for q sharp
rally to get under way, aided by
short Observation-Disclosures
& WEEKS.
Until tn re is some fairly defi-
mite indication of sustained sup
port levels for leading stoc'.S, we
feel there is little technical juSti-
fication for important trading
operations.-OTIS 81 }.
Still believe the market is at
a critical stage and advise trad
ers to use a considerable amount
of caution in making new COM
mitments.-CUS1CK, KENT q
CO.
While we believe that the tech
nical correction now under way
may well .roceed further, a re-
SiStance point Of some Importance
appears to be at the 229-23O
levels Of the Dow-Jones averages.
Yesterdays market closed at 236.
EMANUEL & CO.
Recommend q conservative at
titude and would use much dis
elimination in making purchases.
TOBEY & KIRK.
The Washington times., 1930-09-06
Sterling Insurance
Doubles Its Sales

Sterling Casualty Insurance
Company reports l3soo accident
and health policies sold during
July, as compared with $500 in
July Of 1929, an increase Of nearly
100 per cent, according to A. L.
Rosenthal, president.
During the first seven months
of this year the company has
written 72.000 penny a day acci-
dent and two penny a day health
policies compared with $4,000 for
the entire year of 1929.
The Washington times., 1930-09-06

stock split or some sort Of a
melon is likely then.
Can has the management, the
business and the banking and
market sponsorship. It is one OF
the few stocks a person can buy
with the knowledge that he is
more apt to make than lose
money in the long run.
Steel acted magnificently yes
terday. It opened higher, held
stubbornly against renewed bear
pressure and then forged right
ahead in the last Is minutes
to close near the best price Of
the day.
Steel's action indicates that the
liquidation pointed out, here yes
terday has been completed. It
also hints that the Steel news
next week will be much better,
with probably a jump for the
operations Of the industry as a
whole. Further strength in Steel
today would bear this out.
The Washington times., 1930-09-06
GENERAL VOTES
DIVIDEND
staff Photo

The General Tire and Rubber
Company has declared the regu'
lar quarterly dividend Of Sl.5O
per share on the preferred stock,
payable September 80 to stock.
holders Of record September 20
This is the fifty-third consecu-
tive preferred stock dividend. At
no time since the organization Of
the company has it failed to pay
regular cash dividends on Its pre-.
ferred and common stocks.
President William O'Neil re-
Gently stated that the net earn.
ings for the first six months of
1880 were sufficient to assure
payment Of the full years divi.
dend on both preferred and com
mon stocks.
The Washington times., 1930-09-06
Here and There

The Baldwin pool is making
whoopee. It's objective, I am
told, is several points above last
nights close. There will have to
be something reab coming on
Baldwin to justify current prices.
I hear more good things about
Child's. It has been acting we'll
and is going much higher, I am
told.
Freeport. Tex, recommended
here for the last two weeks at
lower levels. came through with
q smart advance. Those who
bought Freeport at my recon-.
mendation should hold on. I am
told there are still several more
points in the stock on this move.
McKeesport Tin Plate is an
other of this columns tips that
came through. So did Foreign
Power, Loew'S and Eastman
Kodak. They seem to have
further to go.
One of the one.time big bears
is bulliSh on the tobaccos, es-
pecially American Tobacco and
Liggett & Myers. I have con-
sistently recommended both and
believe there is lot Of money
to be made in them this year.
They look like two Of the safest
buys in the list to me.
Strength in Case went along
with the rally In wheat, as well
as the general advance in the
market. Case has been well
bought of late and should sell
much higher if wheat doesn't go
on any more tantrumS.
United Biscuit is behind the
market. 1t is cheap on earnings.
The Washington times., 1930-09-06
A New Broom

am told th&t one of the
Streets leading banking houses
Is cleaning house" in the three
investment trusts 1t sponsored in
the boom last year.
The cleanup at present is be.
ing centered on the portfolios of
all three. Securities which have
failed to stand the acid test OF
The past year are being liquidated.
Other reforms are being instituted
with the eventual goal, I am
told, of consolidating the three
into one huge investment trust.
There is a possibility that a
utility holding compan'' also con-
trolled by the same interests will
go into the combine. The house
in question recently went into the
reorganization Of its own per-
Eonnel.
There has been quiet buying in
Shattuck, which controls the
Schrafft chain of stores. am
told that sales are keeping up to
last years levels and that the
management expects profits to be
higher than in 1929. The stock
is well regarded In conservative
quarters and looks like a good
bet.
It is a fast mover when it
gets going. There is some talk
Of a higher dividend. but nothing
is expected until next year.
The Washington times., 1930-09-06
Wall Street
Hears:

That Newton Steel (NSX)
viii abandon its % dividend
rate 1t the next meeting Of the
board.
That the strength In Worth
ingtOn Pump (WPU) has been
caused by short covering.
That interest is picking up
again In Commercial Solvent
(CV.
That the low price stocks are
being supported I'm order to test
the public attitude toward en-
teFing the market.
The Washington times., 1930-09-06
Okla. Oil PrOrntiOn
Fight Is Postponed

Oklahoma State Supreme Court
has postponed for a week hearing
on petition of c. c. Julian Oil
and Royalty Company for perma.
nent writ Of prohibition to pre-
vent interference by corporation
commission in unrestricted pro-
duction of q Julian well. Court
also refused request to dissolve
temporary injunction issued a
few days ago.
The Washington times., 1930-09-06
NeIO Construction
INQUIRIES Picking Up

An increased volume Of In
quiries and contracts for new
construction in various industrial
lines throughout the country is
reported by the Austin Co., engi-
neers and builders.
The Washington times., 1930-09-06
BANKING HOUSE CLEARING
TRUSTS FOR MERGER
Cleared of Deadwood, Report Says; Com
bine May Include Holding Company
BY THE SPECTATOR

IT'S the turn Of the bulls to They turned
the bears yesterday and clipped their claws after aming
them all the lot
The sharp rally bears out advice Of the last few
days that those who held good stocks had nothing to worry
about and that the reaction unlikely to far
It looks though the advance will continue into
next week with more than normal dips to keep things
orderly and believe play the leading stocks for
higher prices any setback.
The Washington times., 1930-09-06
WOOD HEADS GRAlNMEN

BALTIMORE, Md, Sept. &C.
e. Wood. superintendent Of Balti-
more and Ohio grain elevators,
has been elected president Of the
Society of Terminal Elevator Su-
perintendents of North America,
whose organization meeting was
held in Chicago early in the week.
The Washington times., 1930-09-06
Exchange Buffet
Sales Decrease

Exchange Buffet Corp. reported
today sales for August Of $437,-
888 against $513,448 in August.
1929. Sales for the four months
ended August 81 totaled $1,979,-
226 against $2,091,O51 in the like
1929 period.
The Washington times., 1930-09-06
Mcclellan Sales Up
1.2R In AU0uSt

Mcclellan Stores Co. reported
today sales in August of $2,227.-
766 against $2,200.210 in August,
1929. Sales for the eight months
ended August 81. totaled $l3,727,-
5l3 against $12,92S,346 in the
like 1929 period.
The Washington times., 1930-09-06
Auto.Strop.Gillette

Reliable information leads me
to recommend purchase of Auto
Strop at current levels for a
move to 80. I hear there Is
new deal coming in the merger
with Gillette, and that the latter
will pay $50 a share cash for
Auto-Strop. This, I am told, is
the demand of Auto-Strop ia
tereStS, who insist on cash and
not Gillette stock for the same
amount. Other stories published
here of the impasse reached in
the merger negotiations lend
color to the report.
Whether the M erger goes
through Or not, AutoStrop looks
like a good buy. The long-term
outlook is good. The company
has been doing the business and
making money In the last year.
It recently went on a higher
dividend basis.
American Water Works was
one Of the strong spots, climbing
more than points. I told my
readers yesterday, that insiders
were bullish. They are buying
the stock for higher prices. What
ever ones feeling about the utili-
ties, market action tells the final
story, and Water Works seems
headed upward. Long-pull in
Vestors should stay away for the
time being. but I, believe traders
can play the stock for a turn.
It moves quickly. since the float
ing supply is small.
The Washington times., 1930-09-06
ADVERTISEMENT
RESINOL STOPS
The ITCHING
OF ECZEMA

Don't endure the torment another
day. Just get \ jar of Resinol Oint>
ment and q cake of Resinol Soap
from your nearest druggist. Bathe
the affected parts with the soap
and warm water, dry lightly, and
apply the ointment. That's all
there 10 to it but you will be
amazed to see how quickly the
itching stops, the Inflammation Is
reduced, and healing begins.
FOR FREE TRIAL
slzs package of ResinoI Ointment and Res.
incl Soap write ResinOl, ,Depe. sc, BALTIC. Md.
The Washington times., 1930-09-06

Many travel pleasures await y0u
through the purchase Of one Of the
ree0ndltiOned cars advertised for sale
In t0day's Classified Ads.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-06-09
DEMOCRATS TO
Get PACT PLEA
Ludlow Asks Convention to
Indorse Navy Treaty.

Democrats meeting in state con-
vention here Tuesday are urged by
Louis Ludlow, Seventh district rep
resentative to indorse the London
naval treaty, which the Republican
state convention ignored.
Ludlows recommendation is con-
tanned in a letter sent to ,Mered. tn
Nicholson, author and Seventh dis
trict Democratic chairman.
Il have no desire to participate
in the differences between the two
United States senator's from Indi-
ana. both of whom are my per-
sonal friends and I hold no brief
one as against the other, but in this
matter Senator Watson, in my opin-
ion is everlastingly right and it is
regrettable indeed that the resolu-
ton he sent the Republican state
convention was pigeon holed," Lud-
low wrote.
He asserts that the naval treaty
is Invested Of all party and partisan
complexities and that Senator
Joseph T. Robinson, Democratic
nominee for Vice President in 1923.
was one of the American delegates
who negotiated the treaty and is an
ardent advocate of ratification.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-06-09
DIVES SO FEET
TO END LIFE
Identity of Suicide Still Is
Unknown.

Identity of man, from 80 to IS
years old, who climbed to the top
of Sixty-foot high-tension electric
wire tower between Meridian and
East streets on South Hanna street
Saturday night and leaped to his
death, had not been established by
Coroner G. H. Keever today. The
man came into contact with wire
and fell. His body touched a wire
carrying $4,000 volts of electricity.
In an apparent attempt to hide
identity, he did not have any papers
on his person and labels had been
cut from his clothing. His belt
buckle, with the letter 3D." is the
sole identifying mark found.
Near the tower Investigators to-
day found a small fire in which they
believe the suicide burned papers
that might have identified him, be-
fore he leaped to his death. Line
men said he did not receive the full
force of the high tension wire, which
they declared would have blown the
body to bits.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-06-09
is FATAL TO
SAMUEL R. ARTMAN
Body of Ex-State Official to
Lie in State at Leb-
anon Church.
BY Times Special

By Times Special
LEBANON, Ind, June Body
OF Samuel r. Artman, former cir
cult judge, state industrial board
chairman, public service commits
sioner and assistant attorney-gen-
eral, will lie in state at Central
Christian church here from 1870
a. M, to 2 p. m, Tuesday.
Funeral services will be conducted
at the latter hour, by the Rev. Carl
H. Barnett of Lebanon, and the
Rev. w. A. Shullenberger of Indian
apolis, followed by burial at Oak
Hill cemetery.
Mr.. Artman. died at Whitman
hospital Sunday morning, never
having regained consciousness since
fall from the roof of his home in
the Country Club park district last
Tuesday. He fell fifteen feet, strik-
ing his head on cement step.
Mr.. Artman had forty years of
public service before he retired as
assistant encouragement to 90 to
Florida last, fall. He had served
under Governors Ralston, Goodrich.
McCray, Branch, Jackson and
Leslie.
He was born near New Augusta
May Is, 1866, and educated in the
public schools of that town and In
diana State Normal at Terre Haute
After his graduation he taught
school and later studied law with
Lebanon firm.
He is survived by the widow.