davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-06-28
MART TIRE ND DOWNWARD,
EXPERT BELIEVES
Selling to Be Seen in Small Quantities With
! Declining Prices Keynote of
Trading Activity
BY THE SPECTATOR

There slight improvement in the stock market in
the last half yesterdays session That is stocks
covered bit from the days low but closed with substantial
losses Thursdays final quotations Good
evidence todays opening might concevaby little
higher or at least firm However, further selling likely
be seen before close Nervousness about
modify prices persists and it is improbable that SPECTATORS
upside will stocks until next week. do not
selling appear large volume Rather continuation
trading expected with errac fluctuations
changing momentary trend with the passing of half
hour.
The Washington times., 1930-06-28
COLOrtype Stock
Boost Authorized

American Colortype Company
stockholders have approved the
proposal to increase the author
lied capital stock from 10000 to
300, 900 shares. Part of the capi-
tai increase will be used to nc
quire the American Art Works,
Inc, of Coshocton, Ohio.
The Washington times., 1930-06-28
Railroad Earnings

Northern Pacific's earnings for
1890 will be around 81 a share,
it is estimated, against $8.79 a
share in 1929. Such an estimate
is welcome, in view of the pros
poets facing most other roads.
Earnings statements of New York
Central, Pere Marquette, Atchison.
Delaware and Hudson and most
Other leading roads. published yes
terday. showed amazingly sharp
drops from the levels of May,
1929.
The Washington times., 1930-06-28
MARKET
IN LINE WITH
BUSINESS
Economist Points Out That
the Value of Stocks will
Follow Business Trend
By LEWIS HANEY
Director New York University Bureau
OF Business Research and Former
Economist Of Federal Trade

@~N~@@SAAAAHN
Commission
It is well now to keep in mind
clearly just what is the matter
with the stock market. In this
way only, can we interpret its
weakness and be ready to recog-
nize real strength when it comes.
First, of course, is the business
situation. Stocks have been out
of touch with business so long
that the two are almost strangers.
They are now getting acquainted
again. Stocks are certainly going
to get in line with business con-
ditions.
It is rather probable that the
long, upward trend of business
profits, which eliminated in the
new era" philosophy, has been
terminated, During the next few
years, there Is. good reason to be-
lieve that the trend of earnings
will not be upward. If this proves
to be true; the price-earnings ratios
which have existed will look queer
in some cases.
Already, many stocks are dis
counting the change but not q
few others IT'LL seem high when
we look ahead and not backward.
Loans Continue High
Here is where the credit situa-
ton comes into the picture
Thousands Of people got. their
banks to carry them through the
November crash. The collateral
loans of the member banks rose
to unheard-of heights, reaching
$9,179, 100000 on October 80 las
year.
These loans have undergone
very little liquidation. Probably
both bankers and borrowers have
hoped that values could be main
tanned. At peSrent, collateral
loans are well in excess of COM
merciai loans, and banks are
finding that the former are not
liquid. They may be liquid when
security prices are rising, but
they get frozen at such times
as this. ...-'
Probably the German bond is
sue has aggravated the situation.
You may be sure it is being
largely carried by the banks and
has not been distributed among
ultimate investors.
Many Stocks Too High
Finally. many stocks are too
high in price. whether Judged by
earnings per share or yields. On
this point, we must beware of two
optical illusions. One is the ap-
pearance of cheapness caused by
a large decline. The mere fact
that a stock has dropped so points
doesn't make it cheap.
The other is the split-up illu-
sion. One reason why high-priced
stocks are split. up" is to make
them look cheap. If you multiply
stock which has been split 4
for / by I, it does not look so low.
It looks now as if the market
will have to meet the test of last
November's levels. So much stock
is for sale on rallies that these
do not carry. through. I think
many investors are saying to
themselves that they will wait to
see how the market acts when
the pivotal issues approach the
old low level
The Washington times., 1930-06-28
s17,0Oo FOR sEAI

CHICAGO, June ga mem
bership on the Chicago Stock Ex-
change has sold for $1,000, $500
higher than the last previous sale.
William Cameron, a Canadian,
was the purchaser.
The Washington times., 1930-06-28

briSker business or good manage.
ment. Net profits have been
running far in excess of the first
quarter figure of $295,19 and
probably will exceed that figure
even after establishment special
reserves. Third quarter outlook
is dependant almost entirely on
Ford operations.
An indication Of the trend Of
railway earnings is contained in
the statements of the first 54
roads to report May earnings.
Aggregate net operating income
totaled $54,024 900, compared with
$80,485, 900 in May, 1929, a loss
of 1913 per cent.
The Washington times., 1930-06-28
Calling of Loans

Although some S6O,00O,OOO of
loans were called yesterday.
money held at per cent all day.
The firmness doubtless was due
to the banks preparations to meet
the lnonth-end checks for interest
and dividend payments. Further
Withdrawals of loans will take
place Monday, and money rates
should firm up until after the
holiday, when the funds which
have been tied up will begin TO
return to circulation.
It was encouraging to note
that stocks received good support
we'll above the lowest levels
reached in last weeks liquidation.
1t was particularly encouraging
in view of the fact that yester-
days selling was precipitated by
the bears.
The Washington times., 1930-06-28
Murray Corp. Earnings

Improvement in Murray Cor
poration earnings for the second
quarter is a bright spot on the
business horizon, whether the
betterment Is the result of
The Washington times., 1930-06-28
Building Construction

One of the most constructive
developments of the last week
in the report on building activity
for the week ending June 20,
showing an average daily increase
of 100000 a day, as compared
with the previous week, and about
81, ,000, 900 a day as compared with
the first week of the month. It
is impossible at this time to guess
whether such improvements will
continue. It depends largely upon
the industrial trend of the i'm
mediate future.
Report of excessive gasoline sup
plies in storage intensifies the
problems of the petroleum indus
try. Further curtailment of pro-
duction will be necessary to bring
about substantial improvement of
the situation,
The Washington times., 1930-06-28

Crude oil production the gen.
rtoitad curtaied structure"
oAN'oN Dealing with consumption, Mr.
20 PolhG WHei Reeser asserted that the increase
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
Few Cents Will Bring Many Dollars. Put Your For Rent AID Below
LEGAL ADVERTISEMENT

struction or an administration
building TO be erected at the site
or the present chamber OF COM
merce building. all as per plans and
specifications now on file with F
Fl. Trimble, Architect, Merchants
Bank Building, Brownsville.
All bids shall be made on official
proposal blanks attached 10 spec
ifications. Plans and specifications
and forms may be obtained OF said
r. II. Trimble, Merchants Bank
Building. on deposit of certified
check for $1,000 made payable
without recourse 20 ION. r. 3
Rentfro. Mayor: said check or the
amount thereof viii be returned 70
each bona fide bidder upon return
Of plans and specifications in gooc
condition on or before the date o.
contract letting.
Each bid must be accompanied
by certified check for $4,000 made
payable TO Hon. r. 3. Rentfro
Mayor. as evidence OF good faith
The successful bidder will be re-
quired to furnish corporate surety
bond In the amount OF fifty per.
cent OF the amount bid. The rieh'
IS reserved to reject any or al
bids
II. VAN HORN.
City Secretary
10-f6 TO "a nc.-l2t-51IT
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
LEGAL ADVERTISING
THE A OF X

To the Sheriff or any Constable
OF Cameron County, Greeting:
You are hereby commanded to
summon Ricardo Gonzales by max
ing publication Of this citation
once in each week for four success
sive weeks previous to the return
day hereof, in some newspaper
published in your county. TO appear
at the next regular term Of the
l03rd Judicial District court or
Cameron county. to be holden at
the court house thereof In Browns
vile. Texas. on the Bird Monday in
December A. d. 1880 the same be-
ing the 18th day OF December 1890.
then and there to answer a petit
ton flied In said Court on the
18th day OF September "A. ID. 1890
in a suit, numbered on the docket
OF said court No. 1856. wherein
Irene Garcia Gonzales is plaintiff.
and Ricardo Gonzales is defendant.
and said petition alleging that the
parties herein were married and
lived together until August 25th
1924, that since said late they
have not lived together. which con-
stitutes abandonment-that there
was n child born OF their union
Jesus Gonzales. now eight years or
age-that their living together fur
Their is insupportable = Plaintiff
prays defendant be cited to appear
herein-for judgment dissolving the
marriage relation-for the custody
OF their minor child and for her
costs
Herein fail not. but have before
said court. at its aforesaid next
regular term, this writ with your
return thereon. showing how you
have executed the Same.
Given under my hand and the
Seal OF said court. at office in
brownsville. Texas. this, the 18th
dav OF September A. D. 1880.
SEAL
JNO. p. SCANLAN. Clerk
District Court. Cameron co. Tex
9-28-5-l2-I9-4t-38j2
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
CLASSIFIED
Rates and Rules

Advertisements will be accepted
ver the phone from those having
regular charge accounts. Other
classified Advertising must be &C
companied BY cash.
No advertising accepted on m
until forbid" order. "A specified
number OF insertions must be given.
The Herald reserves the right 70
place ail advertisements under the
proper classification. and reject un-
clean or Objectionable COPY
Obituaries. resolutions and cards
OF thanks IN classified section will
be taken at the regular classified
rate. In other part OF paper reader
rates apply.
The publishers are not respon-
sible for copy omissions. typo
graphical error or any unintentic--
NJ error that may occur. farther
than 20 correct IN the next issue
after II Is brought 70 their atten-
ton. All advertising orders are ac-
cepted on this basis only.
Telephone No q and dictate vour
advertisement TO an experienced
classified writer.
To insure publication same cay
copy should be presented not later
than 10 a. m. Copy for SUNDAY
issues should he in not later than
500 p. m. SATURDAYS 20 Insure
proper classification.
CLASSIFIED ADVERTISING
RATES
20 words or less one insertion. 40c
Over 20 words. one insertion
per word &c
Subsequent insertions run con-
secutively. per word. $3.50. .li7c
MINIMUM -..+......-..- 10 words
BY month. Der word .3nc
No classified advertisement ac-
copied for less han......zo
LOCAL READER RATES
Readers. Der word &c
Readers DER inch ............ SIPS
Second and third DAYS. 3i5c Der
word: fourth. fifth and sixth DAYS
80 Der word: z consecutive DAYS
lzc Ger word.
legal notices ic per word each In
serticn.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
STOCKS DOWN

NEW YORK. Oct. l8-fP-Stocks
underwent another downward re-
vision today. Liquidation was heavy
in all groups as the selling OF the
last two DAYS carried over into the
weekend session. but the market
found the footing a trifle firrler
and the sweeping declines OF yes
terday we're replaced by more mod
crate net losses
Final prices we're generally al
leas. a fraction above the bottoms
and few stocks lost more than ;
points. while a large number Weld
cd onlv one or two. but obviously
even those declines we're sufficient
70 record many new lows. Sales
total 2.16i $50 shares. a rather
large Saturday business.
Wall Street has decided the
weakness or the market IS due 70
real liquidation rather than to short
selling. and seems TO be OF the
opinion that the sooner il is over
the better for all concerned.
The weekend news was not all
gloomy. Steel operations In the
YOUNGSTOWN area will be unchanged
next week and leading producers
find conditions there a little bet
ter. "A week ago the best that
could be said was that things were
no worse. Prices on recent book
inrs are unchanged.
The commodity markets we're un-
usually steady. making virtually nc
changes. although the weakness OF
the stock market had r slightly
depressing effect on wheat. For
eicn exchanges were also dull. fea-
tured by a rally In the Spanish
rosetta which returned to around
10 cents.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
CHICAGO GRAIN

CHICAGO Oct. l5-P-Desplte
the handicap CT a heavy stock
market. grain values today not
only developed stubborn resistance
10 selling but finished with some
net gam indications OF greatly in
creased wheat feeding in the Unit
cd states. together with curtail-
ment ~ corn huskinr returns. did
much t1 Offset bearish estimates ar
wheat crops IN Australia and Ar
rentina. Fresh reports that Russia
was offering wheat abroad at lower
prices exercised no apparent mar
ket Influence. whereas considerable
interest was shown concerning new
that President Hoover was IN ron
ference today With a leaving Amer
lean wheat grower who has e
Gently been III Russia.
CLOSING quotations on wheat were
firm i-e i-7c higher than vester-
dav's finish. corn closed Ia of f,
1-2 up. oats AZ So decline 70 II
advance. and provisions unchanged
TO a setback OF PC.
A stimulating factor which made
itself manifest early in the whea.
market TODAY was a report tho
100000 bushels or wheat woul-
be used as feed IN Minnesota
Montana ard North DAKOTA he
cause Of S223 difference IN favor :,
wheat against corn for rettirg :
hundred-weisht Of pork. The effec.
Of such advices was riven en-
phaSis too. BY Illinois reports
which cast doubt on heretofore
~enerailv accented assertions thai
the cnr-iti0- r. corn had improved
during September.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
MARKETS
NEW ORLEANS COTTON

NEW ORLEANS COTTON
NEW ORLEANS, Oct. 1s-P-
Trading vas fairly brisk In the
cotton market during the short
weekend session. Prices fluctuated
rather frequently but within a
narrow range.
After gaining 2 TO 3 points tr
early trading on good Liverpool
cables and some overnight buying
orders based on the cold spell the
market eased off 4 to 5 points on
the failure OF the cold snap 20
produce as much frost as expected
and on fair hedge selling.
In the late trading prices rallied
owing 10 weekend covering helped
by some improvement in stocks
making new highs 5 TO s points
above the lows and closed at or
near the top showing net n
changed TO 5 points UP for the day.
Liverpool was 3 10 5 points better
than due at the time the market
I opened here and first trades local
Nly showed / point down to 3 up.
The market improved after the
start on the buying orders December
trading up to 1895 and March 10
1868 or 2 to 8 points above yester-
days close.
Later prices eased of on hedge
selling and the weather October
dropped to 1880 and March to
1904 or 4 to ) points down from
the early highs.
In the late trading prices rallied
on covering and some improvement
in stocks making new highs at 1896
for December and 1854 for March
gaining 6 points over the lows.
The close was at or near the top
showing net gains Of ! to 8 points
on the active months.
Port receipts 52.729. for season
5.625, 022, last season 3247,588. Ex-
ports 32.387. for season l.79l.4 67
las season l.607.511. Port Stock
3.2i7030. last year 1920, 494. Com
bined shipboard stock at New Or
leans: Galveston and Houston 49,
es8. last year I31 .343. SPOT sales a.
southern markets 4l,7J2, last year
64156-
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
TT WORTH LIVESTOCK

FORT WORTH. Oct. l8-lP-
Clean up shipments Of mixed loads
O. common cattle made up the
trading here today.
Gamer COWS sold around $50 and
776. cutters around the $500 mark
Butchers COWS sold around $50 with
4 few fat cows at $50.
Mixed bulls sold steady AZ prices
around 450 for the weighty bulls
and 325 for the common lights
Slaughter yearlings and heifers
sold from 40 10 500. Good weighty
calves sold AZ IT'S. but most Of the
calves offered we're the X. d y sell
from $50 10 $50. Truck hogs sold
up to $50 or steady. Sheep con1:d-
cred steady.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19

closed at 1892, with the general
market closing barely steady net
2 points lower to ? points higher.
The opening was steady at un-
changed prices to an advance Of Z
points In response 10 relatively
steady Liverpool cables and reports
that some Lancashire mills were
TO be reopened.
Manchester cable adyices were
published TO the effect that the
Lancashire combine was about to
open six more OF It's mills owing
TO the improved demand for coarse
yarn and Liverpool cables said COW
ering hedge selling in that market
had been absorbed by trade calling
accompanied by reports Of a fair
cloth business with India and
China. The amount OF cotton on
s~hipboard al U. S. ports at the end
OF the week was estimated at 1884,
900 bales against i43. 900 last week
More than 81 per cent OF the
people in England earn less than
$1,000 a year.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
NOTICE o RInS

Sealed proposals addressed 10
Hon. r. B. Rentfro. mayor city OF
Brownsville. Texas. will be received
until 10 O'Clock a. m. M0nday
October 81. 1880. for the furnishinr
OF all material and labor. and con-
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
NEW YORK COTTON

NEW YORK. Oct. ls-'P- tn
cotton market va nuiet today with
r-ices hoiSir~ fair1v sfao%v = .hir
a range Of ) or 10 points. Ner
December contracts after sellin-
off TO 1923. rallied 70 1885 ana
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19

FOR SALE-22-acre citrus tract.
under cultivation. Boca Chica road.
Resaca land, new 6-r0om frame
hou--. Phone 90lF5. Hl26
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19

ATTENTION. DEVELOPER
700-acre tract On sales contract.
Club house available. c. n. Swal-
low g. Company. Alamo. Texas.
H-it8
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19

If YOU WANT to get your grocer
les and household supplies al whole
sale. and a wonderful chance To
make SIS profit a day besides. send
me your name Immediately. No ex-
perience necessary. New Ford Sc
dan free 70 producers. Albert Mills.
1903 Monmouth. Cincinnati. o.
E-fAf
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
Statesmen Wanted

THREE MEN TO REPRESENT A
$40 MILLION DOLLAR LIFE IN
SURANCE COMPANY IN VALLEY.
HARD WORK AND LONG HOURS
ARE REQUIRED. BUT PERSONAL
TRAINING AID SUPERVISOR
HELP GIVEN. SUCCESSFUL Fl
NANCE PLAN TO HELP YOU
GET STARTED. CONTRACT d.
RECT WITH HOME OFFICE. ONE
HALF MILLION DOLLARS NOW
LOANED ON VALLEY CITY
PROPERTY. MARRIED MEN BE-
TWEEN AGES % AND As PRE-
FEED. SUCCESSFUL MEN
MAKE $4,000 PER MONTH PLUS
SERVICE COMMISSIONS. REPLY
HELD CONFIDENTIAL.
BRANCH MANAGER JEFFERSON
STANDARD LIFE INSURANCE
CO. ll3 AUDITORIUM CIRCLE.
SAN ANTONIO. H-I37
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
HELP WANTED

EXPERIENCED laundry routeman
for laundry route. Married man
preferred. Answer. giving age, ex-
perience and reference. Post office
box 624. Brownsville. Texas. HI2l
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
HELP WANTED

ADDRESSING ENvELOPES-Work
at home during spare time. Sub
necessary. Dignified employment for
honest. sincere, ambitious persons.
Workers League. Naperville, III.
H-40
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
SALESMEN-AGENTS


Manufacturer or well known
high grade foundation gar
ments preparing TO open South
and Southwest Texas territory
wants women in all cities and
towns TO demonstrate their line
10 women.
The line Is reasonably priced:
has copyrighted features all
women Ike. "A demonstration
means a sale. Commissions lib
eral. Pay daily. Our demon
strators making big money.
Give reference and address.
BOX H-l3l, HERALD
H-i3l
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
SITUATIONS

VA TED-Position by registered
pharmacist; best or references as 70
character and ability. Address 2la
South 9Th. Harrington. Texas. Hl27
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19

CABBAGE PLANTS for sale. Palm
Service Station. Feria, phone 81
HISS
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19

66 : LES ON / GALLON?
Amazing Moisture Gas Saver. AL
autos. Free. Critchlow. Bill
Wheaton. Ill. Hist
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
LOST n FOUND

LOST-Bird dog puppy (pointer)
female. white with lemon ears
about 3 months old. Last seer on
It'll and St. Charles SITS. Reward.
w. A. Ross, phone 1888, Browns
vile. Hi3a
LOST, STRAYED. or stolen from
around Brownsville: One batter
ed billy, not cancelled. tame and
docile. Seen at Houston. Galveston
Port Arthur, Austin. Rockport. and
Corpus Christi. Information librr-
ally rewarded 2. o. Box Is. Ia
Feria. Texas. HAS
AUTOMOTIVE
WANTED-To trade. Chevrolet
coupe 80 for 3 or 4 barber chairs
and wall case G. A. Patehin. sos
>. Bowie, san BenltO. H-1i3
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19
PERSONAL

TOP SALE-Elcctric stove practi-
callv new, also cast iron heating
stove. Third house south Of high
way On Parker road. east side. Tele-
phone i46. La Feria. Grant Blake.
Hl24
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-10-19


AT ONCE-South America or Unit
ed States. Permanent positions:
clerical. mechanical. craftsmanship:
experience unnecessary. Salaries SIS
to 500 weekly. transportation fur
nished. Box ITS. Chicago. III. H-39
LADIES wanted &c string beads at
home. Stamped addressed envelope
for particulars. Experience un-
necessary. Ivory Novelty Co, ii3
Fourth avenue, New York City.
G-151
WANTED neat appearing men
to start work Immediately. two who
tln leave city. Good pay with pro-
motion. Apply in person. Room
403 Reese Wilmond Hotel. Harlin-
gen, Sunday 10 a. m. to 6 p. m.
H-147
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-07-17
Alleged Bootlegger
Escapes His Captors

ST. LOUIS. July 17.-R1-Sam
Scorfina, 43, reputed wealthy St.
Louis grocer and alleged bootleg
ger who disappeared Saturday and
was believed kidnapped and possibly
slain. escaped from his captors early
today near St. Genevieve, Mo, st.
Louis police were advised.
Chief Of Police John Herter OF
St. Genevieve said ScorfIna, badly
beaten. appeared there about 2 a. m.
and asked for protection. The grocer
said he escaped from his captors al
midnight when che OF the guards
fell asleep, a to a farmhouse, ap-
pealed for aid and was taken to St.
Genevieve by two farm boys.
Scorfina told Herter he was abb
Quoted Saturday night by four or
five men in q car at the east APP
proach TO Eads bridge over the
Mississippi river. He was held for
ransom. He could not tell where he
had been taken.