davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-11-29
nnncn Market Ne1s Stocks BOnd Commodities and Comment
Chart Trading Principles
Are Explained

may be in a distinct upward trend
for a period of time and he buys
with the intention of holding for
the long pull. If he does not
watch the exhaustion of the move
closely he may find his stock
showing loss.
Frequently stocks are put up
or given false rise in order that
a better level may be made to
sell on before some bad news
becomes generally known.
Trapped by Moves
Quite frequently stock shows
a down trend and the amateur
takes a long pull short position
only to find he has been trapped
and the stock was marked down
to accumulate the stock at lower
prices. Stock market manipula-
tive tactics often are difficult to
diagnose and the security buyer
who has only time to keep a few
charts should make up his mind
to chart enough stocks to get a
true picture of the market or
else bury his hopes of profiting
by market movements and place
his money in a savings bank.
The only advice I can offer
the Washington investor is that
unless he is willing to spend some
money and effort in investing
wisely he had much better invest
in Washington real estate where
there is little doubt of enhance
ment in value if properly selected
over a period of time.
The Washington times., 1930-11-29
6 D VERNMENT
CONTROL IS
ASKED
New Giant Utility Is Without
Supervision, He Declares;
Power Trust Among Owners

An attempt will be made IN
Congress shortly to set up pub
lie regulation of the $4,000, ,000, 900
natural gas industry, which has
burrowed under mountains and
rivers to emerge as a new giant
of utilities, it was learned yester-
day.
Senator Capper (R), of Kansas,
announced that he will push a
bill for Federal control of the
new long-distance pipe lines which
carry the gas from the South
west and the Appalachian region
to many of the chief cities od
the country.
Although wide use Of this gq
for household heating and factoA
operation vitally affects the con
sumer'S pocketbook, there is IL
public control over its movement
according to Capper. He added:
Nobody is able to reach the
pipeline companies. They are
just going as they please. Theirs
is the only utility that is en-
tirely without regulation. Yet it
is enormously important, ana
increasing in importance very
swiftly"
Capper said he would propose
regulation by the Interstate Com.
merce Commission, with a special
division assigned to handle it if
necessary.
State utilities commissioners at
their recent national convention
at first asserted their ability to
handle the pipe lines, but later
admitted their impotence in the
face of State boundary crossings,
and backed Federal control. Pipe
lines already have been completed
or projected from Texas and
Louisiana to Chicago, Denver, st.
Louis and Atlanta.
Many of the gas fields and
pipe lines are in Power Trust con-
troll. Electric Bond and Share
controls the biggest system, re-
Gently extended from the Gulf to
st. Louis and from Atlanta west
to Monterey, Mexico, Federal
Trade Commission records dis"
closed.
This system has a capacity Of
100, 1000, 100000 cubic feet annu-
ally. The insult and Doherty in
terests also are in on a big scale.
Being cheap to produce and
distribute. natural gas has tapped
a new vein of rich profits. AS a
cheap fuel it also cuts the cost
of generating electricity. Elec"
trio plants owned by the Louisi-
ana Power and Light Company
and New Orleans Public Service.
Inc, are among those which have
begun burning it instead of coal,
commission records showed.
The Washington times., 1930-11-29
HUGE FOOD FIRM
CUTS DIVIDEND

Standard Brands, Inc, the
giant Morgan food company,
directors have cut the dividend
on the common stock by declar-
ing a quarterly payment of 80
cents a share, placing the issue
on a $1.20 annual basis against
the $1.50 formerly paid annually.
The reduction of the dividend
for the fourth quarter places the
dividend rate, in the opinion of
the directors, on a most conserva-
tive basis, and we'll within the
estimated earnings for the last
quarter of this year.
Commenting on the business of
the company, Joseph Wiltshire,
president, declared:
October was the best month
in the cOmpany's history, and
the increase in business was
considerably larger than that of
September, which also showed
an increase. The upward trend
in sales and earnings carries out
the expectations of the direc-
tors for the final quarter of
the year and justifieS the pro-
gram of expansion recently
undertaken"
The Washington times., 1930-11-29
NEW HAVEN NET
SET At S5.87
A SHARE
Ten-Month Report of Railway
System ShaWs a Decrease
Under 1929 Period Report

NEW YORK, N. H. & HART
FORD - Surplus for October
after all charges, including pre-
ferred dividends and guarantees,
$1,536,698, a decrease of $685.
284 under the previous year. For
the 10 months ended October 81
surplus totaled $9,22o,277, equiv,
alent to $5.87 per common share,
a decrease of $4,952,289 com,
pared with corresponding 1929
period. Operating revenues for
october were $10,363,356 against
$13,853,545 in October, 1929.
BOSTON g. MAINE R. r.
Net in com e for October was
$772,533 against $658,622 in Oc-
tober, 1929. Ten months ended
October 81, net $4,807,986 COM
pared with $5,666,157 in similar
1929 period.
ERIE SYSTEM-Surplus after
charges for October was $873,172
against $1,751,25 in 1929. Ten
months ended October 81, net
after charges totaled $2,942,295
compared with $9,837 ,809 in cor
responding 1929 period.
NEW YORK, ONTARIO &
WESTERN - Net operating in.
come for October was $27,551
against $79,956 in October, 1929
Ten months ended October 81,
net operating in come $872. 900
compared with $980,942 in like
1929 period.
BUFFALO & SUSQUEHANHA
Net operating income for Oc-
tober was $4,000, against SAB
245 in 1929. Ten months ended
October 81 showed net operat-
ing income of 1869, ,588 compared
with $280,754 in corresponding
1929 period.
NORFOLK & SOUTHERN -
October net operating income
was $158,449. against $136,663 in
October, 1929. Net operating in
come for 10 months ended Oc-
tober 81 was $641,911, compared
with $1,135,047 in like 1929 pc
riod.
WHEELING & LAKE ERIE
Ten months ending October 81,
net operating income $2.946,621,
against $4,762,749 in same period
last year. October net operating
income was $206,369, compared
with $503,317 in same month Of
1929.
The Washington times., 1930-11-29
Wall Street
Hears:

That the chain store stocks
are being well bought in an
ticipatiOn Of improved trade
over the holidays.
That a new group has taken
over the market sponsorship Of
Remington Rand (R.R).
That Porto Rican American
Tobacco (PRT) is being quietly
accumulated.
That WrigIey (WWY) Is an
attractive investment purchase
on any recession.
That many holders Of Liberty
bonds are taking their profits
and buying Federal Land Bank
bonds and other tax exempt Sc
curities.
That the slump in the Ger
man market il being attributed
there to selling by American in
StitutiOns.
The Washington times., 1930-11-29
Waters Center ShOIUs
Business Increase

The Waters Center division Of
the McGraw Electric Company
report $334,000 gross business for
October, an increase of $4,000
over October, 1929, which was
the largest month in the history
of the company up to that time.
The Waters Center Company
have recently received their larg-
est single order for kitchen equip
ment from a prominent New York
restaurant chain.
The Washington times., 1930-11-29

that is apparently in it's final
jiggles before it settles down to
an even keel, I am told Gold
Dust has been hit pretty hard
by inventory losses. This would
account for its comparatively low
selling price and high yield as
food stock. The market seems to
be working into a strong technical
position. The bears have been
selling stocks pretty freely all
week. The bad boys" are said
to be cunning" for somebody in
drug. Proctor and Gamble is
apparently under a lot of pres
sure. There seems to be good
support in steel. I hear a ire
mendouS effort was made to push
United Corporation up last week
but they met too much stock.
Radio-Keith- Orpheum would look
attractive on further weakness.
The Washington times., 1930-11-29
FrOeLick and Grannis
De Copper Partners

Louis D. Froelick and Winslow
D. Grannis were today admitted
to partnership in the New York
Stock Exchange firm of De Cop
per & Doremus, one of the largest
odd-lot houses in Wall Street.
The dissolution of the firm of
Cowen, Ritter & Co. was an
nounced by the New York Stock
Exchange and the formation of
Cowen, Starke & Co. was also an
nounced. The new firm will have
Charles Smolka as it's floor mem
ber and Lawrence Cowen and
Lewis r. Starke as partners.
Shop early for Christmas and avoid
the rush! A timely "ChriStmas Gifts
Suggestions feature to aid you ap-
pears in tOday's Classified Ads
The Washington times., 1930-11-29
Gas Firm Buys More
NeLU York Steam

In spite of the recent ruling
of the Public Service Commission,
diSallowing underwriting agree
ments between it and the con-
solidated Gas Co., the New York
Steam Corp, announced today
that the entire issue of 10000
shares of additional common stock
which had been offered pro rata
to stockholders at $50 a share.
had been subscribed for the COM
pany receiving $5,000,O00 through
the transaction.
Consolidated Gas Co., of New
York, already owner of more than
two-thirds of N. Y. Steam Corp,
stock, is understood to have sub
Scribed for its portion Of the ad-
ditional stock. 1t is reported also
that Consolidated Gas increased
its holdings through the purchase
OF warrants for the new stock in
the open market.
Troubled Christmas SHOPPERS will find
consolation in the "Christmas Gift
Suggestions" feature published in to-
days Classified Ads.
The Washington times., 1930-11-29
RAILROAD NET
DECLINES

ATLANTIC COAST LINE-Oc-
tober net operating income, $216,-
760, against $327,815 in October,
1929. Ten months ended october
81: Net operating income totaled
$5,931,155, compared with SILL
414,490 in the corresponding 1929
period.
BALTIMORE AND OHIO-Net
operating income for 10 months
ended October 81 was $34,801 $50,
compared with $43,514,963 in
similar 1929 period. october net
operating income was $4,480,707
against $685. AGO in. october,
1929.
TENNESSEE CENTRAL-Octo-
ber net operating income, $57,775,
against $68,487 in october, 1929.
Ten months ended October 81:
Net operating income, $338,7l8.
against $458,382 in the like 1929
period.
LOUISVILLE AND NASHVILLE
October net operating income,
$1,794,460 against $2,500,727 in
October, 1929. Ten months ended
October 81: Net operating income,
$11, 1,224,005. against $17,251,536 in
the like 1929 period.
The Washington times., 1930-11-29
American Locomotive

American Locomotive Company
directors today again halved the
dividend on the common stock
by declaring a quarterly payment
of so cents share, placing the
issue on a 81 annual basis. Pre-
viously the stock had been receiv-
ing 81 annually. The dividend
is payable December 81 to holders
of record December IL. On Sep
tember IL the dividend was cut
to 81 annually from So previously.
The Washington times., 1930-11-29
CONTAINER PAYS DIVIDEND

CHICAGO, Nov. 28.-DirectorS
of Container Corporation Of Amer
lea have declared regular quar-
terly dividends of $1.75 a share
on the preferred stock and 30
cents a share on the class "a"
payable January l to stockholders
of record December II.
The Washington times., 1930-11-29
SEE CAUTION
NECESSARY
IN MART
Expert Contends That Position
Of Market Does Not Show
= Signs of Change at Present
By THE INSPECTOR


Stocks went through a
sloppy day yesterday, selling
off most of the session and
raIlying feebly at the close.
Lack of volume on the down
side is an encouraging sign,
and there also is evidence of
scale-dOwn support in the
leaders.
There is no encouragement
TO make any new commit
mentS in markets of this
type, and my advice is to stay
on the sidelineS until the at
mOsphere clears a. bit.
The Washington times., 1930-11-29
SLdshes
FreiQht Rates

MILAN, Nov. 28.-Government
has decided to reduce freight rates
to level four times that prevail
ing before the war. New rates
will become effective January l.
The Washington times., 1930-11-29

a Bouncing Ball
The current market has been
well described by an old-timer
as like a bouncing rubber ball
Evening star., 1930-12-07

not so easy as that. Uniformity, how
ever, on the basis of this code and or
dinance will afford q great advance to-
ward the ultimate solution Of trafic
problems and toward eliminating the
tremendous economic losses that are In
ctdent to them today.
Uniformity would tend to reduce the
loss OF life and the toll OF accidents.
1t would remove the mental strain and
hazard in congested areas that is recog-
mixed as q fruitful cause OF accidents.
It would facilitate the movement Of
trafi1c and permit more advantageous
use of street surfaces, which bears upon
the congestion problem.
1t would encourage and facilitate
motor touring, which involves an an
nual turnover of about $4,000, 600, 900 q
year. It would make possible more ex-
tensive use of automobiles in cities and
increase the advantages and profits
from automobile ownership. 1t would
make easier the enforcement Of traftic
laws and regulations-almost impossible
under existing conditions.
And finally, 1t would convert what is
now q verttahle Haaelstrom OF condict-
Inc tides into moro orderly ncws Of
tIa61c,
Evening star., 1930-12-07
RESPONSIBILITY LAW
OUTSTANDING ISSUE
Nationwide Interest Evidenced
Points to Early Adoption
by Legislatures.

With A Legislatures scheduled 10
convene early in 1891, enactment of
the afety-responsibility law for the
control of the reckless and irresponsible
driver, now in effect In IL States, win
be the outstanding national issue from
the standpoint Of motoring legislation.
In making this announcement today
the American Automobile Association,
which sponsored the safety-responsibil-
ity law, declared that the demands for
copies Of the law in its newly revised
form disclose Nationwide interest and
that 1t would be introduced in whole or
In part in the majority of the Legisla-
lures where 1t has not already been
enacted. while 1t Is expected that Con-
gress will put IL into effect for the
District of Columbia.
Among the States where it u now
definitely planned to push the legisla-
ton are the following: Arkansas, Illi-
nois, Maryland, Michigan, Missouri,
North Carolina, Ohio, South Carolina.
Texas. Virginia, Washington and West
Virginia.
The safety responsibility law is now
In effect in whole or In part In New
York, Rhode Island, Connecticut, Cali
fcrnia, Iowa, Maine, North Dakota, Wis
ccnsin, Vermont, New Jersey, New
Hampshire, Minnesota and the provinces
Of Ontario and Manitoba, Canada,
which means, according to the A. A. A.,
that one-third OF the drivers in the
United States and one-halt Of those IA
Canada ere operating under one or ua0ge
Of its essential pEevisions.
Evening star., 1930-12-07
ANNOYANCE OF DEAD BATTERY
OFTEN FOUND DUE TO NEGLECT
observation-disclosures of Auto Owner Likely
to Cause More Trouble in Winter
Than In Summer.

allowing insufficient current for start
ing the motor. In other words, 1t takes
very much larger amount OF current
TO start the engine than It does for
operating the lights or blowing the
horn.
In order to complete a job in avoid
ing corrosion, which occurs by the elec-
troiyte or acid in the battery acting
upon the lead terminals. these termi-
mails should be scraped until they are
OF a light lead finish. They should be
washed with ammonia or by some other
alkali solution. which will neutralize
the acid that may be causing the cor
roSion. Be sure that none of this solu-
ton gets into the battery and stops its
action.
The motorist should be sure that
these terminals make a contact for the
full area OF their surfaces. fl<Si and
full contact Is required to supply the
amount OF current needed to start the
motor. The final attention has to do
with covering of vaSeline - >st.r
grease.
Distilled Water Needed.
1t Is somewhat commonplace to mem
ton the fact that its plates have to be
kept covsred with an electrolyte, which
In turn requires adding distilled water
on various occasions. However, many
motorists fail to supply this distilled
water as often as needed. The water
Is the only part of this electrolyte sub
stance which evaporates, which is the
reason why water has to be added reg
ularly. And 1t needs to be distilled
water so as not TO damage the battery.
Sef-discharge of the battery may be
caused by impurities in the water.
Such impurities may also form a coat
ing on the plates and stop the acid
action. They may also act on the posi-
tive materials and cause them to disin-
tegrate. When putting water into the
batteries, 1t Is well to use Q glass or
porcelain container rather than q metal
one The driver should be cautioned
to put into the battery jar only enough
water to not quite fill IT, II there Is
an overflow, the strength Of the sub
stance Is destroyed and corroSion takes
place.
When taking care of the battery bv
adding water, II it sometimes happens
that one cell of the battery appears to
need more water than the rest, this
might be caused by leak in the con-
tainer. At any rate such a condition
calls Tor inspection by a battery expert.
The owner should inspect his battery
once In two weeks during the Summer.
During the Winter 1t may be necessary
10 have the battery taken out occa.
sionally and recharged II there Is an
excessive amount of use of the self
starter and of the lights. II by chance
the automobile Is not to be used during
the extreme cold weather and Is stored
IN an unheated place the battery should
be taken out and kept separately Ia 4
warmer spot.
Evening star., 1930-12-07
ROAD COMPLETION
MOVEMENT BEGUN
Unemployment Prime Factor
Back of Highway Program,
Keefe States.

The greatest concerted movement
the United States has ever seen for the
rapid completion of the countrys high
way system was begun here this week
with the reconvening short session of
Congress, which will expire March Z.
Unemployment is the prime motive
power back of the highway program"
declares Thomas ]. Keete, general
manager of the American Motorists
Association, in a summary reviewing
the Federal Governments activities to
speed up highway construction and
thus aid the unemployed.
S162, 2,oOO,o9 Available.
"There is available at the present
time $162, 100000 Of Federal funds for
take advantage of this sum, must
match the Federal Government dollar
for dollar. This makes available, with
out any additional legislation, a sum
of 1924, 100000.
In addition to this sum, President
Hoovers Emergency Committee on En-
ployment will recommend to Congress
that the 1929 Federal aid appropria-
tions of $3.50 ,000. 900 already authorized,
DuC not YET appropriated, De maoe
available at once. This sum, when
matched dollar for dollar by the States,
added to the 1924 4,000, 900 now avail
able, will mean q grand total of 1924
000, ,000," the A. M. A. points out.
The total approved Federal-aid sys-
tenn comprises 193,049 miles. OF this
sum only o4,012 miles have been COM
pleted during the IL years since the
Inauguration of the Federal-aid pro-
gram. Construction at the present
time is progressing at the rate Of 1000
miles per year, which would mean 10
to IL years to complete.
Registration Increasing.
Automobile registrations are increas-
ing proportionately faster than highway
construction is progressing. The Ma
ton needs the highways and more
than $500 600 unemployed need work,
according to Department of Commerce
figures. Certainly the speeding up OF
road construction is manifestly better
than a dole for the unemployed" de-
clares the A. M. A. in support OF ia
vorahle congressional action to make
the 1923 highway funds available
at once.
Evening star., 1930-12-07
.,cial Dispatch to The Star.


DETROIT, December 6.-The trend
of automobile manufacturing for 1891
holds forth the definite prospect OF q
4,000, ,000-car year.
This is the belief of well informed ex-
ecutiyes who have analysed the outlook
for the next IL months. They look for
ward to 1891 as o recovery year" In
the business cycle which made 1929 the
peak year of all time. Then came the
reaction, which has marked up 1880 as
poor"
OF the future stability of the auto
mobile business there seems TO be no
question. 1t is exemplified by the fact
that America. at the end OF 1923, had
motive vehicles registered and in oper-
alton. with 32,000,0o0 persons qualifed
to drive them.
This gives 1t the status of the worlds
greatest industry in the value OF Its
production alone. with parts manutac-
ture and Nation wide service operations
subjoined. 1t is conceded that our total
OF registrations of motor cars must un-
dergo a further progressive increase for
this year, despite the fact that produc-
tion is likely to recede from the peak
level of 5,62l,65 vehicles, established
in 1929, to approximately 3,50O,000 or
less.
The recovery for next year, with
forecasts pointing TO q half million
gain in output and projected volume
of 100000 units, according to the OBJ
servers, will mean more low-priced cars
than ever before. The belief Is that
100000 of them will be built IN the
four and six cylinder classes, OF which
Ford and Chevrolet are the leading
producers, leaving q remainder OF l.
600, 900 to be divided between the mid
dle-priced and top-priced divisions.
This development is regarded as
the logical consequence of the more
car-for- -less-money" policy pursued by
the builders of the low-prieed cars dur
ing the last five years. In that period
the factors that mean added value to
the great American family, with its
bargain-hunting instinct stimulated by
q limited purse. have steadily forced
values up and prices down. The cars
that cost least have gained in volume
at the expense of the higher-prieed
makes. At the end Of last year low
priced cars comprised 81 per cent Of ell
cars manufactured. representing jump
from - per cent in 1e25. This spread
covered the price class bekSw $1,000.
Over the same fcuy-yea2 period the
passengeR care listing between sl.ooC