davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-09-04
Nev" Leaders Necessary
For BuLLish Market

income by shifting to other
issues, or even to bonds. Many
investment trusts are practically
forced to hold these old leaders.
Those with fixed portfolios can't
liquidate.
No Investment Yield
But it seems next to impossible
to start a bull market with the
leadership of stocks that yield
less than bonds and which do not
pay enough to carry themselves,
even at present low-money rates.
Shorts can be forced to cover,
but who is going to buy them for
investment?
You may ask, will the earnings
Of these companies not improve
and thus allow them to pay larger
dividends? Maybe SO, but when?
And how much increase in divi-
dends can be expected? This is,
at least, very uncertain. Why
didn't they pay higher dividends
when prospects were better?
The fact is that the prices of
these old leaders were marked
up to anticipate or discount" a
continued rise in earnings. Their
present prices obviously are still
high enough to discount higher
earnings. But that is no reason
why we should pay such prices
for them now.
Explains Bank Loans
The situation in this respect is
unprecedented. It is a hang-ove
from the wild days of 1929. 1t
probably explains why direct
bank loans on securities are still
so large.
OF course, the floating supply
of such stocks is small. This
makes short selling dangerous,
and it is easy to drive them up.
Moreover, the companies are all
in a strong financial position,
and present low dividends are
secure.
If this were a wild speculative
market, such low-yield stocks
could lead. Under present condi-
tions it seems impossible.
The Washington times., 1930-09-04
Canadian LOadings
OF Grain Increase

Freight loadings on Canadian
railroads for week ended August
.23 totaled 64,O14 cars, a decrease
of 20 from the preceding week
and of $3.50 from the like week a
year ago. Loadings of grain and
grain products for the week
totaled 9,114 cars, a gain of 1,227
over preceding week and of 3,112
over the like 1929 week.
Receipts from connections for
the week totaled 3O,247 cars, a
gain of 971 over the preceding
week, but a decrease Of 1878
from last year.
For the year to August %
freight loadings on Canadian
lines totaled 2,012,582 cars
against 2,259,795 in the like
period of 1929 and 2,2O5,974 in
l3EH.
The Washington times., 1930-09-04
BALTIMORE PRODUCE

AppIes-No car-Iot arrivals. One car
reconsigned cars on track including
broken. Western Maryland, Pennsyl-
Vania. Delaware, New Jersey and near
moderate; demand and trading light;
market very dull. Bushel baskets,
Western Maryland and Pennsylvania un-
graded. Summer Rambos, s1.25 @ 15O;
Smoke House., $101.25. New York, U.
s. IL. ~ inches up, Duchess, 90c0$l;
2k inches up, Duchess, 75c; few higher.
Boxes. California fancy Gravensteins.
medium, to large size.' $2@2,2S. Near
by II -bushel hampers various varieties,
2oVbu
BeansAsuplies moderate. New Jersey
bushel hampers, Bountifuls, $2.25@2.50.
Nearby round, stringless, per busheL
Beets-supplies light. All sections.
per bunch, mostly &c.
Blackberries--No arrivals.
Cabbage-Three New York arrived;
20 cars ON track including broken. Sup
plies fresh, stock light; demand i'm
proving: market unsettled, prices. higher
on fresh stock. New York bulk per
ton, domestic, round type. best $200
rs; poorer, $15@1S.
R2 cars on track including broken. Re-
eeipts equivalent to one car by boat.
eastern Shore Maryland, Eastern Shore
Maryland truck receipts light Nearby
western demand light: market very
dun. Colorado, salmon tints not wanted,
ZOO few sales, reported to quote. Arizona,
nlnk meats, Jumbo Flats, 80 and 12s,
ESQ soc; few higher standard flats, lis
and 15s, 50@65c; few 75c. Eastern
demand moderate; market about steady.
eastern Shore Maryland, various varie-
Eies, Jumbos ass, $1.25 SO; few higher,
standards, ass and ASS, best 81; few
higher, poorer, 60@75c; flats, all sizes.
best 75@s5c; few higher. poorer. 5o@
soc. Nearby h-bushsl hampers 75c @
ST. culls, $50 4Oc. Honey Dews-Two
California arrived; IL cars on track i'm
cludinE broken. Correction, yesterday q
report, should have read 1 California
arrived; II cars on track including
II csss on track, supplies moderate
demand slow; market dull, California,
standard crates. all sizes. best $1.25@
T.50; poorer. &1@1,15. Honey Balls
Two California arrived; 4 cars on track
sncludlng broken. Supplies light; de-
earnia. sJumbos ass, mostly around 50;
gew S275; standards ass. $2.5002.75;
PoTiys, ass and 54s $1.7S02.
Carrots-Supplies liberal. New York,
Aushs1 baskets, rough. mostly soc;
wasled isc;. few higher callfornia' io
Nearby per bunch, S0lc.
CauiitI6wer-Supplies hight New York
arAtea, fair quality. hest S2@2SO; few
hAghas. poorer, Si@iso. Colorado crates
csisTy--ons Michigan and New
York arrived; ls s,,s cars on ..tra track in. in.
snand slew: market very dull New
ea.ss: pocrer. slei2S
Corn supplies light. New Jersey pei
Asse& sugar. 3Sesse. Nearby pei
The Washington times., 1930-09-04
Vault Doors Take
Tons of Conner

An order for 100000 pounds of
copper, to be used to line vault
doors Of the Northwestern Mutual
Life Insurance Co., Milwaukee,
has been received by one Of the
leading copper companies from
MoSler Safe Co., of Hamilton,
Ohio. The metal will be em.
ployed as an added protection
against burglary exhaustive tests
having shown that copper plate.
Z to 10 inches thick. is virtually
impenetrable by the acetylene
torch
The Washington times., 1930-09-04
BALTIMORE LIVE STOCK

BALTIMORE. Sept. 3-Cattle-Re
ceipts 200 head Market steady. steers
Good to choice. $9@1o: medium to
good. 1909; fair to medium, $7@S;
plain to fair. $6Q7; common to plain,
$506. Bulls-Good to choice. s.. 6.26V
$50: medium to good, $6@6.25: fair 70
medium. $5.50@s; plain to fair $50
$50; common to plain, $4.5095. Cows
Good to choice. $5.5O06.0O; medium "a
good, s5@5;5O: fair to medium. $4GSi
plain to fair. $S@4; common to plain.
$2.50@3 Heifers-Good to choice, 81
@S; medium to good. $S.5o@7.OO; fair
to medium, $6@6.5o; plain to fair
$566; common to plain. $4@5. Fresh
cows and springers $SO@sO.
Sheep and Lambs--Receipts 900
head. Market steady. Sheep. $1QS.60i
lambs, $4@9.5O.
Hogs-Receipts 1000 head. Market
steady, Lights, $11.15 911:55; heayies'
$10.50111.50; medium, $11.25 a 11.S0;
roughs. $76s; light pigs. $9Q10.25;
pigs. $10@1O.5O. Ohio hogs. 1OQ15o
higher than quotations.
Calves--Receipts, 100 head. Market
steady Calves, $5Q11.50.
The Washington times., 1930-09-04
NEW YORK LIVE STOCK

Receipts 400, including 24O directs.
steers slow, weak to csc lower Load
1.225-lb. Virginas,, $S,25. Cows scarce,
fully steady. Few good. 81; common to
medium. 1906; low cutters and cutters,
ter to medium, $425@6.25.
Vealers and CalVes--Receipts, LAO,
including 500 directs. Vealers mostly
steady, extreme tops SOC lower. Good
to choice. $12014; mediums, IS. so @
11.50; Kentucky vealers up to $40; Gull
and common, $6.5O@S Calves steady.
Medium to good, $69S,50.
Hogs-Receipts, 3.450. including S,4SO
directs. Steady; 140 to 200 lbs, $11@ q
1850.
sheep-Receipts, 1880, including g.
$50 directs. Lambs steady. quality con-
sidered Load good. $3.50. Good New
York lambs up to 50. Ewes steady to
strong. Good, $3@4.
The Washington times., 1930-09-04
PRODUCE SHIPMENTS

Car-lot shipments reported for the
entire United States for Tuesday
September 2:
AppIes-California, So: New Jersey, /;
New York, IS; Pennsylvania, /: Vir-
ginia, 8: Washington II. Others o6.
Total 213. ~
Lettuce-california, 81; Colorado, 27;
New Mexico. L; New York. AZ; Wash
ington, S. Total lag
Onions-California, 23: Idaho, 2;
Indiana, 26: Massachusetts. Z; Michigan
6; New York, 5; Ohio, 4. Others 81,
Potatoes-Colorado 40; Idaho. 12;
Maine, 40; Long Island, Sc; Pennsyl-
vania, l. Eastern Shore Virginia, 2; New
Jersey, 96; WISCONSIN, 112. Others 1874.
Total 562.
Sweet Potatoes-Alabama, /: Cali
fornia, Q; Louisiana, g. New Jersey, l;
Tennessee, 4: Norfolk Section 1; Eastern
Shore Virginia, II. Total 56.
The Washington times., 1930-09-04
NeisH1er Sales Off
8.30o in August

NeiSner Bros. reported today
sales for August of $1,231, ,029
against $1,342,651, a decrease Of
8.3h per cent from August, 1929.
Sales for the eight months ended
August 81 increased 14.2 per cent
to So, ,407.764 from $S,233, ,4S4 in
the like 1929 period.
The Washington times., 1930-09-04
Alloy Steel Orders
For Autos Increase

improvement in orders for al.
10y steel from the automobile
trade over the past week is re-
ported by the Republic Steel Cor
poration. This increase is viewed
by Republic officials as an in
dication Of a gain in motor car
output for the last quarter. Au-
gust orders for some large con.
sumcrs, whose business reflects
manufacturing conditions in the
auto industry six to eight weeks
ahead, were the largest for any
month this year. Tinplate bust
ness also continues good and the
ccmpany's mills at Warren have
been operating at full capacity
The Washington times., 1930-09-04
By LEWIS HANEY
Director New York University Bureau
of Business Research and Former
Economist of Federal Trade
Commission


Commission
UnqueStionably there are a
good many favorable signs" con-
corning the stock market. A good
many stocks are very reasonable
in price and are cheap enough.
The market has gradually worked
up to the upper level of its trad
ing range, and August closed with
prices averaging only point or
two below the level of July 28.
But one cannot get enthusiastic
about this market simply because
certain fundamentals are not yet
right. Of course, eculative e
swings occur with little regard to
fundamentals. A strong techni.
cal situation developed last
month and the market was
plainly oversold. That, however,
is not enough to start a pro-
longed bull market.
Set New Precedent
The professionals who have
been engineering the rally are
trying something that is prob.
ably without a precedent. This is
to start a bull market in stocks
which are paying dividends yield
ing only from % per cent to
per cent. General Electric pays
2.17 per cent. Allied Chemical
2.21 per cent. American Can sos
per cert. Consolidated Gas $50
per cent, and the utilities in gen
eral average 800 per ceent.
Ordinarily. we would say that
these stocks had not been suf
ficiently liquidated. In August
1921, they were yielding from &
per cent to over ii per cent be
fore the bull market began. Now
some of them do not pay enough
to carry themselves
, OF course those who bought
them years ago at lower prices are
getting a fair return on their
original investments. Perhaps
they can afford to carry them,
The Washington times., 1930-09-04
VOTE DIVIDEND

Directors Of American EncauStic
Tiling Co., Ltd, have declared
the regular quarterly dividend of
Is cents per share on the com
mon stock. payable September 80,
to stockholders Of record SeDtem-
Der IS.
The Washington times., 1930-09-04
TO PAY QUARTERLY

The board of directors of Tri-
Continental Corporation declared
the regular quarterly dividend of
$1.5O share on the s per cent
cumulative preferred stock of the
corporation payable October
The Washington times., 1930-09-04
NEW YORK PRODUCE

NEW YORK. Sept (U.sG-Eggs;
Market firm and nearby hennery whites
clsely selected extras, advanced one cent
rer dozen. The other grades remained
UNCHANGED. Nearby hennery whites
closely selected extras. 40@4sc: aver.
age extras. sees extra tiTstA 30 9
The Washington times., 1930-09-04
MALE AND FEMALE I
statesmen WANTED
SALESMAN

TO A MAN WELL AND FAvoRABLY
KNOWN IN WASHINGTON WE CAN
OFFER A PERMANENT BUEIN s
HOME. SELLING SECURITIES ISSUED
BY ONE OF THE LARGEST HOUSES IN
THE WORLD COMPENSATION ON A
COMMISSION BASIS TO INSURE LARGE
EARNINGS EVERY COOPERATION
GIVEN THE MAN WHO CAN QUALIFY
719 TOWER BUILDING,
Phone National 60o1.
The Washington times., 1930-09-04
BUSINESS GeWXoe DIRECTORY

Arranged alphabetically for convenience In filling
your wants quickly. Phone or mail inquiries recetye
prompt attention. CONSULT THIS DIRECTORY
DAILY.
The Washington times., 1930-09-04
Business Service
Educational
INSTRUCTION COURSES

INSTRUCIIUN OOUhoEo -4U
AUTO DRIVING easily accomplished Ii
| censed instructors to assist you One
lesson free by mentioning this sd. Auto
Driving instruction Co. 2S0S 33d st. s. z.
| Lincoln 3SS3-J. Phone $50 TO 10.
! IL 30 to /. 30 to 5.
| EXCEPTIONAL Short Courses. Inquire 10.
| day Boyd's School. 1893 q NV. Nat. 1888
The Washington times., 1930-09-04
PRINCESS DIANA
MEDHI LADY FROM INDIA.

NJ EDTII I1FEDA : IsOII 1'''71I-'
Since q child she has been gifted with
strange and mysterious powers. Guarantees
to bring about every desire and ambition OF
your entire life, tells past. present and fu|
ture, reuntes the separated, cause happi-
ness between man and wife. make up
Ioyers' ouarrels, tells when and who you
win marry. Satisfaction guaranteed. 943
Pa. Ave. N, W.
The Washington times., 1930-09-04
COMPLETE QUOTATIONS ON THE NEW YORK CURB MARKET
Quotations Furnished by W. b. Nh

W. 3. Hlbbs . Co. By Wire from the change
The Washington times., 1930-09-04
SPECIAL NOTICES

W E. GLADSTONE. former salesman for
the whistle Bottling Works. 1900
Bladensburg Rd, is no longer connected
with this firm and we will not be respOn-
sible for any debts made by him in our
name s. FARBER
1 WILL not be responsible for any debts
contracted by any one other than my
self hereafter Antonio Calisto, 1889
0hildress st. N. E.
The Washington times., 1930-09-04

l3s1 st Regis Pap a.. 22h % ?.
The Washington times., 1930-09-04

Ex dividend. Ex rights. : Plus ~ in stock SPay'
scrip Plus Paid last yeAF--uo regular
playable stock Payable when earned PAY
10 stock Plus 10S IN stock Plus Sc 10
stock Plus az In stock PIus S% In stock Plus
Iss m 2-3N Plus So stock.
Subject to approval Of sockholders Plus extras sunie
100 sharea
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-07-17
YOUNGER GENERATION UP In
AIR In ENDURANCE RACKETS

finally we're forced 10 land by I'M
imaginative policemen. The little
ladies had been s~ee-sawing for some
seventy odd hours, being refueled
with fruit, cakes and sandwiches BY
admiring future citizens.
Out on Artesian avenu three
boys were enduring on e bicycle
having done 325 miles last night
and still going. They started Mon
day. A refuelng crew has been es-
tablished in a tent. in case the
bicycle develops tire trouble.
That grand stunt Of tree-sitting
conceived by brilliant adolescent- as
the enduring test OF the endurance
trials. has become epidemic. II
almost every part Of town some
daring youth may be found perch
ed in q tree top. being refueled b.
a proud and adm'ring ground crew
KANSAS CITY. July l7-Pl-
Jack Richards, 14-year-old endur
ance tree sitter. was off his perch
today after $50 hours aloft IN the
waving branches. The end OF his
long sit was for the sake Of mothers
whose endurance was not quite III
70 Jacks.
His example had sent more than
a score OF other youngsters In quest
OF tree sitting honors 70 their par
ent'S dismay.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-07-17
Police Captains, Who Can GrqH$IOO, OOOA
Year, Blamed for Gangs Grip on Chicago
BY u CATION
E Service Writer

CHICAGO.-Until Chicago finds
some way of roofing out corruption
from its police force, 1t will have
small luck in any effort to perman-
emily subdue its lawless gangs.
Police commissioners come and
go, but the organization remains
much the same from year to year.
Gangland gains much Of its power
through political influence, but II
gains most Of its revenue through
its arrangements with police Off
Gals: and until these arrangements
are broken up and the guilty men
are driven off Of the force. gang
land Is going 10 keep on making big
money-which Is the chief thing
that makes gangland powerful.
Police Captains Blamed
The real key to the Chicago sit
uation lies in the hands of perhaps
a score OF men-the police captains
who control the district where the
organized crime flourishes most.
To be effective, a cleanup must
either begin or end, or both, with
them.
All of this is more or less a mat
ter Of common knowledge among
those in touch with the situation
here. 1t also comes on the word Of
high law enforcement official, who
declares bluntly that the whole
thing Is up TO the police captains.
II they're honest and efficient, the
gangs would die out overnight"
This man is in as close contact
with the police force and the un-
derworld as any man in Chicago.
Because Of his position, his name
cannot be used: but what he has
to say is very interesting.
The ordinary patrolman on the
beat in Chicago Is honest-or would
be If he had any encouragement
from his superiors." he said.
100000 a Year
Its the police captain that Is
responsible. A captain in charge OF
a good district here can make from
100000 a year on up in addition
to his regular salary. The establish
ed minimum rate Of payment BY a
Chicago speakeaSy 10 the district
captain is 500 a month. I know of
one district where there are 40C
speakeasies. Figure 1t out for your
self.
The man on the beat doesn't
cut in on this. Oh, he may get q
So bill now and then, or a few cigars
or a couple Of drinks. But that's all
The captain and his two lieutenants
are the men who get the, gravy.
That's what ruins the morale OF
the man on the beat-and can YOU
wonder at it7 He'd be honest II he
had the incentive. But where's his
incentive2
Judges Friendly to Bosses
Suppose he does make q pinch,
he goes into court and sees a couple
OF politicians come in. call the fudge
OF the bench and have a private
conference. and then sees the case
dismissed. That patrolman ISM
going to make any more arrests un-
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-07-17

members, making her delegation
total II. probably will 60 through.
Ohio. 10 was estimated. would gain
three new members, but the prelim-
mary census returns show its pop
ulation to be 364 900 less than the
estimate. AS a result. Ohio may gain
mi new member.
Texas and New Jersey were put
down for two new members. Texas
IN her preliminary population haS
exceeded the January estimate by
about t77.0o0 and therefore seems
safe for lwo new members. New Jer-
sey has not concluded her enumera-
ton.
Other states which would gain
one new member. according TO the
January estimates. were Arizona
Connecticut. Florida, North Carol
ina. Oklahoma and washington. OF
these states, only Arizona and Okla
homa have not reported their popu-
lation. Connecticut. Florida and
North Carolina seem assured by
their new populations of securing an
additional member Of congress, but
washington was 1900 under her
estimated population and may not
have come within the required num-
Der for a new congressman.
The preliminary census statistics
bear cat predictions Of losses in In
diana, Iowa. Kansas, Kentucky,
Maine. Massachusetts. Missouri. Ne
braska. North Dakota. Tennessee
and Vermont. Population figures
have not been announced for Ala
bama. Louisiana. Mississippi. Penn
sylvania. or Virginia. which states
were figured for losses.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-07-17

DALLAS, July i7-Pl-The Tex
as younger generation. 50 to s-oak,
was all up in the air today-at
least, a conservative estimate last
night In FL PaSo was that 100
children were sitting in trees. al
trying for the long distance. non
stop ~re-fueling record for tree sit
ting. Other cities were not 70 be
outdone and reports Of additional
entrants in the novel contest in
creased hourly:
-Four FL Paso girls, not to be out
done by the boys. had spent more
than twelve hours in trees.
From Fort Worth IL was learned
that at 1890 p. m. last night Leo
nard Smith. l3. and Oscar Fox, Is
had been sittins for fiNy hours In
adjoining trees in the yard OF the
formers home. Another Fort Worth
ian. Homer Wyatt, IS. started ar
assault on the tree-sitting record a.
$50 a. m.
CHICAGO. July l7-P-The en-
durance racket today had reached
the teeter-totter stage. sometimes
spoken OF as "see-saw."
Two young Evanston misses
Mildred Borrey. IL. and Ruth En-
erson. IA. teeter-tottered 10 a world
teeter-totter record yesterday bu-
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-07-17
Gangster Knocked Out
BY Chicago Sergeant

CHICAGO. July l7-tP-GeorEe
Red) Barker. who for some reason
or another enjoys the gradiose dis
tinction Of being called "the last
OF the Four Horse Of Gangland."
got a punch In the nose yesterday.
Barker was sitting In the office
OF the states attorney. having gone
there TO e what he could do for
his pal, william three- fingered
jack White. who was held for
questioning.
Police Sergeant Neil Kahler in
CURED what the Last Horseman'
was doing. OF all places. around the
states attorneys office. One word
led TO another. and the words be-
came more and more pointed and
finally there was some out and out
profanity.
The sergeant left a right cross
fly. and Barker went down. The
exit from the office was made n
irons. between two officers.
Barker. pal or three other horse.
men" whose bodies were found "a
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-07-17
Aviation Expert
Concludes Visit

Marshall c. Hoppin, Washington,
Of the department Of commerce, left
Brownsville Thursday morning after
spending the early part of the week
here.
While in this section, Mr.. Hoppin
inspected the Brownsville Municipal
airport and reported favorably on
conditions there. He also travelled
to McAllen Wednesday and passed
on the feasibility Of a field in that
city.
Bafore leaving Brownsville, Mr..
Hoppin stated that with few minor
alterations. the Brownsville field
would be able to receive a ALA
rating, the highest possible. Only
two fields in the United States have
this rating at present, these being
Denver. Colo. and Pontiac. Mich.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-07-17
DANCY ASKS
ROAD ACTION
Highway Through Ranch Ia
Sought in Letters To
q Valley Towns

Requesting aid in putting in OPP
Grafton an extensive road building
program in the territory enclosed
In the Ojo de Aqua grant, County
judge Oscar G. Dancy Wednesday
wrote the chambers OF commerce OF
various Valley towns.
In his letter the county Judge
stated that the Oio de Aqua suit
would be settled within a short time
and that this section should not
pass up any opportunity TO be ready
TO launch the road Improvement
campaign the minute this case Is
settled.
I'm fact" Judge Dancy said. Il
see no reason why we should wait
until the suit is settled 70 start our
propaganda and to 90 TO getting
rights-of-way.H
The county Judge explained In de-
tail the roads that should be built,
and added that 'by getting ahead
OF the development, we can locate
these roads where we want them
and save future joys and curves"
He also suggested that the right
of-way should be obtained 100 feet
wide. as this win allow the county
to leave some Of the native timber
along the highway which. in years
to come. will be one Of III great
est assets"
The roads mentioned by Judge
Dancy are: from point west Of the
Arroyo bridge at Rio Hondo TO VIII
lacy county line; two or more north
and south highways splitting the
territory east OF what IS known as
the Briggs Road Extended; from
Combes 10 Rio Hondo: two east
and west roads between above
named road and Willacy county
line; highway north Of Santa Rosa
to across the f1oodway and connect
ing with Willacy county, and roads
connecting Santa Maria. La Feria,
and Santa Rosa with Highway No.
e6: a final road running north and
south beginning near the north
west corner Of the Wilson Tract,
an intersection and east and west
from a point at OF near Pardo. A
road through the Adams tract is al
so suggested.