davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-07-24
SOCONY RANKED
4TH LARGEST
REF|NER
Harold F. Sheets, Vacuum Of
fiCiaI, Tells Court Merged
Firms Rank 9th In Resources

The merged Standard Oil
Company of New York and
Vacuum Oil Company would only
rank sixth in crude oil resources
and fourth in refining capacity
among the world companies,
Harold F. Sheets, Vacuum direc-
tor, testified today in the Gov
ernment suit to prevent the COM
bination. Today is the final ses.
sion Of the hearing in New York.
John H. Amen, special assist.
ant attorney general, attacked
Mr.. Sheets list as of doubtful
value because it failed to con-
slider the financial resources Of
the several companies.
Mr.. Sheets named eight other
companies which had 1929 Fro
duction of from $4,000, 900 to 25.-
O0O, 900 barrels. These were Cities
Service, Continental, Tidewater,
Union Of California. Pure Oil,
Sinclair Consolidated, Richfield
and Phillips.
He listed refinery capacity as
follows
Standard of New Jersey, 7l8,-
900 barrels; Shell, 704, 200: Stan
dard Of Indiana, 404 500; Socony.
Vacuum, 263 900: Standard Of
California, 244,700; Texas, 232,-
800, and Gulf, 177,O00.
Mr.. Sheets list gave 1929 crude
oil production as follows:
Royal Dutch Shell, with sub
Sidiary but not with associated
companies, IT'S, 1892 900 barrels;
Standard of New Jersey. 101, ,1OO,-
900; Gulf Oil Corp. estimate
based on reliable. information)
100. .000. 900; Standard of Indiana,
SO, ,425, 900; Standard of Califor.
MIA, 51,534,0O0; Socony-Vacuum
combined, 57,986, ,392, and Texas
Company, 5O,675, 900.
e. r. Brown, of Dallas, Tex,
president of the Magnolia Petro
leum Company a Socony sub
sidiary, testified relating to diff
culties caused by crude oil over
production in the last few years
He said an effort was being made
to overcome this through volun
tary curtailment Of production
by big companies.
Magnolia, he said, had undrillec
fields of proven value sufficient
to increase Socony's crude pro
duction by 98,700 barrels per day
General Petroleum, another So
cony subsidiary, had similar re
sources equivalent to 1875 bar
rels daily, he said. u
The Washington times., 1930-07-24
psuDn IN Stocks Already Started Says Spectator
Oil Companies Plan
Mergers to Attack
Shell Invasion Here

three Of the former units passed
into rival hands. The pastures
next door looked greener to some
Of the bigger and stronger units.
Standard of New Jersey went
into New England, allotted king.
dom of Standard of New York.
Standard of New York invaded
Indiana's domain, ETC., etc.
brothers" Ahe Rivals
But despite this seeming com.
petition among the brothers and
sisters, it is better to have a
brother or sister selling gasoline
across the street than an un.
friendly rival or foreigner. The
danger Of price cuts and other
tricks of the trade that cut into
profits is leSsened.
After all is said and done, the
former Standard Oil units are
still brothers and sisters. Colonel
Robert w. Stewart, former chair
man of Standard Oil of Indiana,
found this out when he broke
with the moral John D. Rocke-
feller, jr. The stockholders, ne
discovered, still voted the way
26 Broadway-citadel Of the
RockefellerS-wanted.
Shell.Union Oil Company, the
operating subsidiary in this coun-
try Of the Royal Dutch Shell in
ferests. has EXPANDED its gasoline
stations into every State in the
Union. Only one other company
can boast of as far-flung a gaso-
line service station chain, the
Texas Company, large indepen-
dent American-controlled com
pany.
The growth Of competition was
revealed in testimony in the So
cony-Vacuum merger suit hearing
Yesterday. In 1918 Standard Oil
Company of New York had 5l2
bulk oil stations in its exclusive"
New York-New England territory.
Competitors had 100. In 1928
Standard of New York and
Vacuum together had SAT stations
against 7,541 owned by competi
tors. Since 1929 Shell Union has
carried on a vigorous expension
program in Standard Of New
York's territory.
Another indicator of the pro
gram of consolidation to curb un'
friendly competition is the sale
by Standard of New Jersey to
bankers for Harry Ford Sinclair's
Sinclair Consolidated Oil Corpora
ton. a 20 per cent interest in the
valuable Tide Water Associated
Oil Company. Sinclair and the 26
Broadway crowd were bitter foes
not so many months ago. The
Tide Water stock deal is believed
to mark the burying Of the
hatchet by Sinclair and Standard
interests.
The Washington times., 1930-07-24
BOLUnl1n-BiLtn1Ore
Net S492.I55 in Half

The Bowman Biltmore Hotels
Corporation reported today a net
profit for the six months ended
June 80 of $492 .155.
The Washington times., 1930-07-24
BROKERS MORE
CAUTIOUS

A cautiously bulllSh SenClmenC
was in evidence in brokerage cir
cles today. The taking Of profits
on bulges was advised. While a
mild reaction was looked for in
some quarters, it was generally
believed that the trend was up
ward.
So far as the general market is
concerned, it has developed into
a trading affair. Think as stocks
approached their highs of last
week they will run into liberal
supply.-BAAR, COHEN & co.
Think that the best stocks are
attractive for trading profits at
least if bought during receSSions.
-TOBEY & KIRK.
Believe that in few months
business will be definitely back on
the road to recovery if not back
to normal and that by that time
stock prices will have gone good
way to discount this recovery -
M. j. MEEHAN & CO.
"Scalping" Advice
Continue to think that market
offers unusually good scalping op-
portunities. The trading reaction
seems to have run its course and
we think the list will have a bet
ter tone for a few days.. F..
HUTTON & CO.
Would still adhere to the policy
of buying stocks on reactions
JOHN MELADY & co.
A further reaction in the next
few days would establish an even
firmer basis for a more extended
advance which we believe is in
the making -CUSICK, KENT &
CO.
Strength Today Seen
Believe the rally will continue
into today's' market and we would
continue to follow along with
commitments made in the lead
ing stocks.-HORNBLOWER s.
WEEKS.
On further strength today we
would take trading profits. Would
prefer to make new commitments
after it is evident that the down
ward trend which commenced
last Saturday has been reversed.
EMANUEL & CO.
We are watching the market
for convincing evidence of a buy
ing point. A repurchase point
demonstrated by sound technical
indications takes a little time to
develop. Yesterdays rally can
not as yet be considered good
evidence that the market has
ceased declining Otis & co.
1t must be obvious to the most
casual observer that the most
powerful forces are working on
the constructive side at this time.
News is sufficiently cheerful to
prevent present holders from sell
ing stocks and when there is not
much stocks for sale it is easy
to push the list forward
PRINCE & WHITLEY.
Would be inclined to accept
trading profits on commitments
made or reactionary tendencies
yesterday morning BENJAMIN
BLOCK & CO.
The Washington times., 1930-07-24
p. r. T. Deficit Is
Set at I57,98I

Philadelphia Rapid Transit
Company reports a deficit for the
first six months of $751; ,981 COM
pared with a deficit Of $1O9, ,792
. in the corresponding 1929 period.
The Washington times., 1930-07-24
MEN SEE
NEXT CHANGE
UPWARD
Opinion That UpsWing Is Near
Rapidly Gaining Ground in
Iron and Steel Trade

The next change in business
will be for the better. That is
the opinion gaining ground in
the iron and steel trade, Iron
Age said today in its weekly
market summary.
Sentiment in the iron and
steel trade, the magazine reports,
has improved more than business
or plant operations. The opinion
is gaining ground that industrial
reaction Is at its worst and that
the only possible change is for
the better, but actual gains in
mill bookings are too small and
too scattered to be significant,
and steel ingot output is uTl-
changed at 56 per cent for the
third week.
The heat wave has further re-
duced operations among certain
iron and steel consumers, notably
foundries, and additional two
week shutdowns OF manufacture
ing plants tend to offset the ef-
feet of assumptions by those
reaching the end Of their "vaca-
tions." !.
When the period of industrial
suspensions has been finally
passed iron and steel demand
viii doubtless fulfill expectations
Of betterment.
The movement Of sheets and
strip to industries outside Of the
automobile field is somewhat
larger, and makers Of those prod
ucts serving the Ford Motor Com
pany have been able to increase
their schedules somewhat.
Steel prices are still highly ir-
regular, but do not show such
widespread weakness as a few
weeks ago.
Pipe bookings have been swelled
by the placing Of $50 miles OF
24-in. 10000 tons) with the A..
o. Smith Corporation for the sec
ond section of a gas line from
the Southwest to Chicago.
The Iron Age composite prices
remain unchanged at the low
levels of the year reached last
week, pig iron being $17.09 gross
ton and finished steel 2.l7lc
pound.
The Washington times., 1930-07-24
Profits and. Safety

Many bonds offer a com.
paratively neglected opportunity
for substantial profits at a
minimum of risk. The converti-
bles, of course, come. first, and
bonds OF this type as American
Telephone 412s and Public Service
Of New Jersey 4l2s were as SEN
sational in the late lamented bull
market as their stocks were on
the big board. There are other
opportunities, too,, in the. senior
issues of small high-grade com.
panies, which can be occasionally
picked up at a considerable dis
count. And some investment
trust bonds will prove bonanzaS
IL the trusts regain the public
favor.
"A favorite pastime in Wall
Street is picking the leader for
the next bull market. Standard
Oil Of New Jersey has a great
many votes, but American Can
is crowding Jersey very closely
However, I wager lii ole Steel
will be found right UP with the
pack, no matter how hot the
pace gets.
The Washington times., 1930-07-24
Grand-SiLUe Income
Gains to $A7I Share

Estimated net profit after
charges and taxes Of F. g. w.
Grand Silver Stores, Inc, for the
six months ended June so,
amounted to $792, ,408, equal after
preferred dividends to Sill a
share on outstanding 385,775
shares of no-par common. This
compares with $685., ,O28 or $1.47 a
share on the same capitalization
in the corresponding period of
1929. Harold F. Stone, president,
in giving out these results, stated
that the percentage Of net profit
on sales had increased, to All
per cent against 4.59 ,er cent in
the same period Of 1929.
The Washington times., 1930-07-24
.HoWe Sound Income
SIunups in Quarter

Howe Sound Company reported
today for the quarter ended June
80 a net profit of $459. .26O. equiva-
lent to 90 cents a share on A96, ,O32
no-par common shares. This com
pares with $1.028,682 or $207 q
share in the same 1929 quarter.
The Washington times., 1930-07-24
Atlantic Refining
Net SEaOlus Big Top

Atlantic Refining Company and
subsidiaries today reported for
the six months ended June 80 a
profit OF s2,S1s. 900. equivalent to
$1.05 a share. compared with
$780,. 900 or s3.67 q share in the
first half Of 1929.
The Washington times., 1930-07-24
Cutting Through

Strength in Gillette is accom-
panied by rurnors that action is
being taken for the acquisition
of Auto Strop, despite repeated
denials, to get rid Of the EN-.
barrassing patents suit.
Another report is that the suit
may be settled, while a third is
that a well-known bear is being
run in. GilletteS current earn
ings, combined with the stiff COM
petition the company has been
meeting, would hardly warrant
the sharp rise and it's former
high investment rating vent
when the stock recently slumped
I'd the lowest levels since its list
ing on. the. big board.
American Agricultural preferred
stood out. with a gain of over 5
points, while the common climbed
in sympathy. I hear that the
company may take some action
to pay of the large back divi.
dendS due on the senior issue.
but this seems hard to believe. in
view OF the uncertain business
outlook for fertilizer companies
due to the sharp drop in agri
cultural incomes. However, the
company has strengthened its
financial condition considerably
in the past few years.
Battle Royal
Two chart students went at
each other with statistical bread.
sides in a large brokerage house
yesterday while this columnist
stood by in awe. Since one was
bearish and the other bullish,
they finally agreed to disagree,
though the bullish one seemed
the more convincing.
rhort COTnniloti0n iS 0nn Of
The Washington times., 1930-07-24
SPECIALISTS BUYING NOW,
TRADING EXPERT AYERS
Powerful Interests, Through Public An
nouncements, Are Definitely Committed
to Higher Prices; Trend Leader Sought
By THE SPECTATOR

Stocks continued forward aggessvely yesterday and though
they sold close looked higher Prices some
what lower today but any reaction likely to far
Stocks strong Public participation hasn't been
lowerprced told that specialists books are lib
orally Sprinked with buying orders the down. which
acts a resistance cushion for the market
Powerful interests by their public announcement definitely
higher prices all this commitments
in the standard leaders reactions to- offer good
profit possibilities with more than ordinary risk.
The Washington times., 1930-07-24
Here and There

hear that gasoline prices will
be advanced on August /, which
would help the oil stocks, they
have been acting rather drowsy
in the face Of good news from
the industry and need little
stimulation.
Wall Street is seeing a new
peril to the movies and their
earnings in the miniature out.
door golf courses which are
springing up right and left.
There! is said to be a strong
banking pool working in Can.
Wall Street didn't show any
great enthusiasm for the Yellow
Truck earnings despite the in
crease. The company worked in
the red a long time before it
was able to make any money
There has been good buying in
Columbia Gas, Allied Chemical
and Penick and Ford.
General RefractoFies business is
running right along and peak
earnings are expected this year.
Bulls on General Electric talk
OF the company's rich hidden as
sets. One is millions of shares Of
Radio. And westinghouse has a
trunkful of Radio, too.
United Aircraft is one of the
Streets speculative favorites.
Some day the aviation industry
will come into it's own.
A new talking point for Vana-
di m is that it's titanium, of
which it has right deposits, will
find a field in the paint industry.
Radio Keith Orpheum looks
higher. It has the strongest
market sponsorship.
Shattuck is attractive in view
of it's excellent management and
its aggressive expansion program.
American Tobacco, recon
mended here two days ago, should
have many more points on the up
side, and the same goes for Lig-
gett & Myers. -
The tobaccos really haven't
moved yet.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-01-06

The 1000 Natural Color
Musical Comedy Success
Starring Winnie Lightner,
Nick Lucas and other men,
bers Of original stage play
cast.
New Britain herald., 1930-02-17

the Y. NJ. T. A, X E. hal! on Main street last night. It was the first performance of the year and reports given today show that it was suc- ccssiul. The play contained charac- tcrs such as Il stepmother, her daughters, suitors and her step child. who held the pity of the audience throughout the perform ance
 The director of the play was W kachnowsIli. Zigmunt StanoWski played during the performance. the costumes were arranged by II. Lcch and s. JakuboWski was in charge of the scenario.
 Falcon Nest No. $S sponsored d dance Saturday evening at the I'al- con hall, where 100 members and friends were in attendance.
 A group of Polish residents gave a dance at Terciak's hall on Grove street Saturday night for the bcnc- fit Of church building fund in Po- land.
 The Polish Junior league will have a valentine dance tomorrow night at Nordcn bungalow. The committee in charge consists of Miss Maryan Winalski. chairman, Mar sarot GrangcleWski Anne kozlOW- ski, Helen pietrasZeWslli, Helen Rup, Helen Stempien and Wanda IarOWslli.
 The St. EIizaboth's theatrical
New Britain herald., 1930-02-17
Helen Morclli Has Broken Leg, Hilda Schwartz Cut About Face in Collision Near BeIvidere-JOseph Toscano Badly Shaken Up in Crash.

Miss Helen Morelli, r, of 4 Hurl- burt street, sustained a fracture Of the left leg and body bruises and Miss Hilda Schwartz, $, Of TT Glen street, was painfully cut about the mouth, nose and face. in a collision between an automobile in which they were riding and a truck loaded with sand and pushing a snow blow, on Stanley street near Bclvidere about 1 o'clock yesterday morning.
 Norman W. Curtis of 617 Center street, South Manchester. and Joseph Toscano were in the car, Curtis be- ing at the wheel returning from West Hartford in the storm. Curtis applied his brakes at sight of the back of the truck 10 feet away but his car sllidded in the snow and crashed into the heavier machine. Curtis was treated at the hospital for body bruises and Toscano was only shaken mp. The young women were reported resting comfortably today but will be under treatment for some time. Miss Schwartz was unconscious for some time after reaching the hospital 4 passing au- tOist took the injured trio to the hospital and Sergeant J. C, Stadlcr investigated the accident and re- ported no cause for police action.
 The truck and blow arc owned by the state highway department and A. w. Dickinson of Rocky Hill was in charge of it. Curtis car was prac- tically demolished by the force Of the impact.
 r. A. Hempstead of 10 EdgeWood street, Bristol. and William T. Will bert of 24 Washington street, Plain vile, were driving cast on West Main street about S:35 o'clock Saturday night and when Hampstead applied his brakes for the rcd light at High street. Wilbort did likewise but his car slidded and banged into the rear of Hcmpstead's machine. Officer Maurice Flynn reported slight dam- age and no cause for police action.
New Britain herald., 1930-02-17
City Items

Bernard Gordon of Greenwood care at his home. Miss Dorothy Farley, daughter ot MT. and Mrs. John Farley of West street, entertained 13 of her little friends Sunday afternoon in honor of her fourth birthday anniversary. Games were played and luncheon was served. The hostess received q number of gifts.
 The card team Of the Fraternal Order of Eagles will go to Bristo ol to- night to meet the Eagles of the Bell City. New Britain has won two games from Meriden and will try 10 continue it's record by q victory at Bristol tonight The members and players will leave for Bristol at 7:3O o'clock.
 ANclrod's drugs, we deliver, call 10 --adVt.
 Max Factors society makeup and Dr. (. II. Eerry's creams, sold at Room 2o4, Leonard Bldg, Tel. C547. -adNt.
 Many now testify as to tho ac- curacy of corrective foot culture as used by Dr. Rousseau. foot specialist. Appointment only. Phone G46.- adNt.
 Lost dog. name Puppy, English Springer Spaniel, one year of age, medium size, liver roan and white, ears brown. bird dog, reward S5. Report to Polish newspaper, prze- wodnik katoliclli. 191 Brad St. New Britain, Conn.-adVt.
New Britain herald., 1930-02-17
DRAMATIC GUILDS
 APPEAR IN PLAYS
Polish Thespians Please Audi.
 enCeS at Two Performances

Many social functions took place in the Polish colony Of this city dur ing the Wcck-c end under the auspices of clubs and organizations. Several others are scheduled to take place this week.
 Among the chief entertainments were the plays sponsored by St Elizabeths theatrical circle of the Sacred Heart church and Holy Cross dramatic circle of the Holy Cross church.
 The play "Bolsheviks at Warsaw' was given by St. Ehzabcths circle at the Sacred Heart school hall on Gold street last night About foo members and friends of the parish were present.
 The scenery. which was arranged by Joseph Dumin. made q striking appearance with the uniforms and costumes by the committee consist - ing of W. Plocharczyk. C. KuIas. r. Dumin, i;. kulik, c. LukoWska and $, Parda.
 The Holy Cross dramatic circle produced wives of the Orphans" at
New Britain herald., 1930-02-17
Auto Smashes Into Snow Flow; Two Girls Hospital Patients;
 Machine Virtually Destroyed

groups in United States and England for a number of years. Mr, Nichol- son will direct the play.
 The cast will include Ruth HeWCtt, Anna Anderson. Lola Sahrbacilcr, Annie Hanson, Emily Walters Hazel Carroll, Agnes CoWan, Thema Kitson. Myrtle Berry, Emily Baum. Wesley Knowles. Victor Kysek, Forrest Lphnes, Garner Goodwin, Burton Miller, Clarence Peterson, Edward kallin. John Gibson, Clifford Halli- day, Richard Burke. Paul Grasser. Lawrence Gagnon, George Buckbee, Harold Carlson and Irving Howe.
 Miss Eunice Mann. Gunnar John- son and Oscar Erickson will do spe- cialty dances. Miss Mabel Erickson Is pianist at rehearsals.
 The spirit of the play is the inn mortalizing of the youth of today in it's struggle working its way through college.
New Britain herald., 1930-02-17

The electric toa3tcr oU the table held q piece of bread that had not been toasted. \ pot of coffee, evil dcntlr brought in from the kitchen. vas on the table, and in the pla,c a' the dead Woman's place was Il partly eaten peach.
 Detective Riggs sent for the mcl- ical examiner, Tho p'ach was sent to a chemist. Riggs then went to the Thornton fur store and talked with Mrs, Eahsou.
 She repeated as hest she could r'membcr the talk she had with Mr, Thornton and stated she had iu~t 2limpsod Mrs Thornton in the ta>i. She had not noticed the make Of the taxi or the number,
 Riggs merely told Mrs, Babsou that Mrs. Thornton had died of heart failure tt the breakfast table.
 "Shr probably went 10 the stl- ton to sor her husband off b. fore she had time for her own breakfast this will just about kill Mr. ThornDon, Mrs, Eabson said.
 When Detective liiggs asked if she knew Vnerc 10 reach Mr. Thornton she readily gave hi;n the address which Thornton had left with her,
 As noted at first, Detective Eg@e had used his eyes every moment even from the time he Was in the hall waiting for the superintendent 10 let him and the dead Woman's sister into the apartment, His next move was to call up tiIe chemist.
 Enough poison in that peach tc kill q horse" was the report
 Detective Riggs got the St Louis police by telephone and or dcrod them 10 get Thornton It his hotel and hold hlm until h. Ni&@e. could ept there,
 Why did he do that?
 Do~pu" lj" fact that Mrs. Iiap son a.-ur,I him that AIrs Thorn ion ~a~ b,r husband off on the trafn Ia-2- ordered tin" arrst.
 What ha,l he seen ,hat vu~', him to do thi~.'