davidaulloa/AmericanStories huggingface dataset:
Hyder weekly herald., 1930-06-21
FLOOD CONTROL
 PLANS OUTLINED

i. Hc DuIc eau Ol uUflC nOduS
 Department of Agriculture, il cooperation with the Territory of Alaska, has constructed 2 road extending from the docks at Hyder up the north side O. the Salmon River Valley to the international boundary. This road includes a trestle ap- proach to the docks construct. ed at cost of $28,500. The road was originally located on the gravel flood plain of the river but is being moved bacl. onto the lower slopes of the mountain ridge in order f, avoid the frequent floods and washouts. To date the total expenditure on this road, in- cluding the dock approach and work to protect against the Salmon River, has been $431,- 749.65, of which $3SO,4 ,429.65 has been contributed by the United States.
 There is at present a move ment on foot to revive the pro !. ject of connecting Hyder and Stewart, British Columbia, by standard gauge railroad with the Canadian rail net, which would open rail transportation to all points in the United States. Fifteen miles of this railroad were actually comples- ed prior to the war.
 Hyder is a small town having a population of about 500 peo- pie. It is located at the mouth of the Salmon River, partly on. the tide flats, some of the buildings resting on pile found ations. It serves as an outlet for the important Salmon Riy- CT mining district. The Salm' Il River rises in British Columbia, crosses h international boundary into Alaska, and empties into the Portland Can al west of Hyder within Alas kan territory. This valley pe- sesses large bodies of rich ore containing gold, silver, and copper. During the past few years it has had greater activ- ity in prospecting and develop ment than any other lode dist rict in Alaska. The most i'm portant properties are near the head of the valley within Brit ish Columbia. Rugged mount aims, which bound the valley on the east and extend to the tide flats at Hyder, force all supplies to be obtained and products to be taken out via the river, valley and therefore through Alaskan territory. One large producing mine, the Premier, handles its ore by aer- ial tramway through Alaskan territory to it's own wharf in Canadian territory. The out put of gold and silver of the mines in the Portland Canal district within British Colum- bia, practically all of which was from the Premier mine mentioned above, has been as follows for the past seven years.
 Editorial Note :-The report at this point presents an extcn- sive series of tabulations show ing gold and silver exports to- taling $27,404,179; the local commercial and passenger traffic, exclusive of ore pass ing through, for the years 19- 26, 1927 and 1928, showing an- nual average shipping in ex- cess of 5000 short tons, valued at $2,865,325 and passenger traffic of 1,231 persons; inn ports of general merchandise
Hyder weekly herald., 1930-06-21
WORLDGOLDDEMAND
 BEHIND MOVEMENT
 FOR LOCAL MERCER

interests is said by the Van. couver Province to be an ami mating influence in a move ment recently initiated by Lon. don interests which has as its objective consolidation of the local interests of the Selukwa 3 Gold Mining and Finance Go and the Sebakwe and Dist rict Mines, which may also in. clude the Premier Border.
 Rumors of a proposal of this character have been current To. cally for some time but, until the appearance of the article here quoted, lacked sufficient confirmation to warrant publi- cation.
 Easing it's article on the re- cent declaration of a noted British economist that insuffic- iency of the worlds stock of gold and it's converse, the weakness of commodity mark cts, is a reason for the present worldwide industrial depress- ion, the Vancouver journal points out that the situation is one of great interest to British Columbia in view of the locat- ion there of some of the largest gold deposits in the Dominion Attention is then directed to the Premier-B. c. Silver situa- ton and the failure of negoti- ations looking to the operation of the Selukwe property by Premier. The article continues: i:
 Ut is reported that differen- ces are due largely to the di- vergent valuation placed by the two companies on the B. C. Silver ore, the Premier's fig ures being S1,500,000, while B. C. Silver Company places it at $7,000,000.
 "B. c. Silver is handicapped from the fact that while it's mineralization prospects are encouraging, t s authorized capital has been fully paid up and Premier, which already holds 38 per cent of the stock, has sufficient voting power to prevent recapitalization and the raising of further funds as was recently proposed by the Selukwe interests. B. c. Sill yer is financed and controlled by the British Canadian Silver Corporation, Ltd, a subsidiary of the Selukwe Gold Mining and Finance Corporation, Lon don.
 "The rivalry in national inter- ests is also a factor in the diff culty of successful negotiations for acquisition of control by the Premier, which is an Amer ican company. British inter- ests are frankly averse to los ing control of what is believed to be a valuable gold property and are endeavoring to retain it under British direction.
 ''In view of the worlds de- mand for gold the London in terests have recently initiated a new movement winch has as it's objective B. c. Silver and Sebakwe consolidation, which might also include Premier Border. The interesting posit- ion of Premier Border in such unification follows from the fact that the property woul'' be the logical site for a mill and the. proper tunnel levels for the economic extraction o1 the B. c. Silver-Sebakwe ores From its physical position all
The Washington times., 1930-07-15
RUSSIAN TRADE
SHOWS GAINS

A remarkable gain in exports
to Soviet Russia stands out as
the brightest spot in Americas
lessened Foreign Trade, according
to reports made public today by
the Department of Commerce.
During the first five months Of
1880, American exports to Russia
rose to 64,424,521 as compared
to $23,217,477 for a similar per-
iod in 1929.
The Importance of the gain is
emphasized by the fact that the
department reports on increased
trade with seven out of SO prin-
cipal buying countries. Others
showing increases were: France
total purchases, SIS, ,109,543; Nor
way, $2,155,277: Spain, SIS, 1853 1851;
Switzerland, $9s7 $50; Uruguay,
$1,835, ,T95 and British India, 3d.
S56,632.
Only three countries showed
larger purchases during May than
Russia. They were Germany. ST.
225, ,765; United Kingdom, SAT ,O01,-
968, and Canada, $69, ,559, ,025.
The Washington times., 1930-07-15
R { 7 ALL AUTO
STOCKS GUT
staff Photo

Auto manufacturers took long
forward step in cleaning up re-
tail stocks of cars during June.
Factory production apparently
was at a level, below retail buy
ing demand. This condition not
only is clearing dealers shelves
of new cars. but enables the
dealer to concentrate on liquida-
ton of used car stocks.
With lower production during
July, the industry will go into
the more active fall market with
an inventory situation in the re-
tail field which is without prece-
dent for many years past.
It was estimated that total
stocks on June were equivalent
to about one months supply, with
calculations from the field indi-
eating a stock of around All, 900
unSold cars at that time. At
present the stock is probably con-
siderably under 100000 units.
The Jt.-4e 1 figure showed a
reduction of % per cent compared
with the corresponding date a
year ago and compares with an
estimated peak stock Of 559. 900
units in April of 1929. With more
than $1,000 automobile dealers,
a stock of 100000 units would be
an average of fewer than eight
cars a dealer.
The final month Of the first
half of the year made the poorest
comparative showing in produc-
tion so far in 1890. Output esti-
mated at 5000 cars and trucks.
while subject to change with full
totals available, compared with
441.826 units in May, a decline of
9S,826 units, or 22.3 per cent.
of 567, ,424, there was a decline of
Compared with June. 1929. output
224, ,424 or 39.5 per cent; and COM
pared with June, 1928, output of
425, 5,195, there was a falling off
of 82,195, or 1913 per cent. The
decline from the 1929 total Of 39.5
per cent compares with an aver
age decline during the first six
months Of the year amounting to
31.9 per cent.
The Washington times., 1930-07-15
By JOHN E. NEvIN, JR.

A definite change in the trend
OF the stock market, as brought
about in the past week, has caused
a revival of interest in trading
centers in Washington. For sew
eral months the brokerage firms
here have seen only the "old
stagers," and investors with many
years experience in stock dealings.
For the first time since the
spring crash of stocks brokers are
now evidencing growth OF busi-
ness. A portion of the public has
returned to trading and specula-
tive as well as investment buying
Is seen in financial circles here.
Although the market is said
to be still far from full re-
covery, an increased number OF
local sales of New York listed
securities are reported. A great
deal of this buying, investment
bankers say, is Of the long pull
variety.
With stocks at lower prices
than they have been in months,
a portion of the general public
as we'll as large scale manipula-
tors have stepped into the mart
and are purchasing blue ribbon
variety stocks to put away for
rise.
With a recovery forecast dur
ing the late summer and fall.
The Washington times., 1930-07-15
BROKERS TURN
BULL|SH

Continuance of strong market
with rising prices was forecast
for the early part of this week. A
more bullish undertone that has
been evident for weeks was cur
rent in brokerage circles today.
Saturdays market behavior was
to our mind conclusive evidence
that our expected 10-point aver
age rally was already under way.
Sentiment changes with prices
and even the most rabid bears Of
two weeks ago are now talking
Of higher priceS--BAAR, COHEN
& co.
Strength of the market yeSter-
day further confirms the adviS-
ability of having some good stocks
III accounts. The market is full
of great investment opportunities.
-TOBEY & KIRK.
Upward Trend Seen
Look for the market to fluctu-
ate from the low levels which
have recently been established
in short swings. but with gradual
improvement in price structure
being witnessed.-CHISHOLM &
CHAPMAN.
Feel the market has been exc
cutting an important turning point
for the better and would with
hold selling until the volume of
trading returns to normal and
sentiment improves substantially.
e. F. HUTTON g. CO.
The market is showing signs of
more aggressive leadership and
the indications favor new highs
on the recovery this week.-OTIS
& co.
The vigor with which stocks
moved forward Saturday indi-
Gated quite clearly that the reac-
ton Of Friday meant nothing and
that the immediate trend Of the
list is toward higher levels
M. ]. MEEHAN & CO.
From a trading standpoint, be-
lieve some holdings can be had On
further strength, but If interested
In the longer term phase commit
mentS should not be disturbed. -
UNGERLEIDER g. co.
The rally is so far advanced
that we cannot help feeling that
from the point of view of nearby
trading profits it would seem un-
wise to continue following it from
this level. - HORNBLOWER &c
WEEKS.
The weight Of past experience
would indicate that the present
dullness will be followed by rising
prices and we advise our clients
to take advantage of weak spots
to accumulate better grade stocks.
III. HENTz & co.
There is no indication that a
sustained upward movement is
near, and, therefore, is it not ad-
viSable to make purchases on
periods of rally. - PRINCE &
WHITLEY.
The Washington times., 1930-07-15

in any improvement in the auto
industry and is likely to earn
SO a share this year. United
Aircraft will benefit from any
expansion in aviation, and Case
Threshing is selling about 10
times estimated earnings for the
first half. The three are fast
movers.
Radios strength is somewhat
of a surprise to those familiar
with it's earnings so far this
year and also in view Of the
legal entanglementS of the
Grigsby-Grunow and government
antitrust suits. A prominent
operator has been mentioned as
behind pool in radio but I hear
that Meehan isn't bullish on the
stock yet, waiting for the first
half report to be out Of the way
and forgotten.
Mack Truck is reported to have
turned the corner and better re-
suits are expected for the rest of
the year. The Yellow Truck pool
is meeting with more success
than a few weeks ago when the
stock met heavy selling every
time it raised it's head. Earnings
are said to be expanding rapidly.
I hear of large short interest
in Johns.Manville but the man.
agement, I am told. is not any
too bullish on the outlook.
The Washington times., 1930-07-15
RAW SILK SHOWS
BIC DECLINE

Raw silk values have shown a
drop Of more than 80 per cent
during the past nine months, and
are now near the all-time low,
says Jerome Levine, president of
the National Raw Silk Exchange,
in his annual report. The report
states:
"The year just ended has
been one of abnormal price
movements. In the nine months
since September raw silk values
have deprecated by more than
80 per cent. In percentage
severity this was surpassed only
by the drop Of II per cent in
the eight months of commodity
deflatiOn from January to Sep
tember, 1920, the drop of 81 per
cent in the eight months fol
lowing the earthquake in 1923
1924, and the drop of 80 per
cent in the seven months i'm.
Inediately prior to and follow.
ing upon the declaration Of war
in 1914.
'"The drastic decline is to be
laid at the door of under con.
sumption rather than over pro-
ducti0n."
The Washington times., 1930-07-15
Caution Urged Spectator Warning Against Market OOecondence
Trend Change Brings
Signs of Revival to
D. c.. Brokerage Firms

these investors stand to profit
greatly. In addition to this type
Of buying there is a large amount
of "scalping" going on from the
local field. Spectators are con-
tent to take small profits and
quick turnover rather than wait
for the full recovery Of the mar
ket.
Directors of the Bank of Com
merce and Savings have decided
that the bank shall close daily at
3 p. M, with a Saturday closing
at IL noon. This order will go
into effect on July II. On the
first, second, fifteenth and six
teenth of each month, however,
the bank will remain open until
5 p. m.
James A. Soper, vicepresident
and cashier of the Lincoln Ma
tional Bank is back at work
after two weeks vacation. Mr.
Soper spent his vacation in
Maine.
Richard Whitney, president Of
the New York Stock Exchange,
will be the principal speaker at
the annual meeting Of the Illi-
nois Chamber Of Commerce on
October 10. The meeting will be
held in the Stevens Hotel, Chi
cago,
The Washington times., 1930-07-15
SEE INSURANCE
AS BUILDER Of
ESTATES
Expert Points to Manner Which
May Be Used to Accumulate
Capital for Later Life
By FRANK F. LOOMS

Psychologists say that it is
human nature to ignore the les
sons taught by the unhappy ex-
periences of yesterday. Judging
from antics of the stock market
this spring, the theory that people
have dismissed from their minds
the poignant lessons Of last Oc-
tober may seem, to some extent
at least, to be borne out by the
facts.
Hope springs eternal and specu-
lators seem to have an over
abundant supply Of it. Among
the chronic spectators are some
who engage in speculation as a
business; others who enjoy its
thrills. But there are also those
who risk their savings in a
desperate effort to build up
quickly an estate large enough to
yield an adequate income for
their families. The desire to pro-
vide ones family in the years OF
the future with the comfort and
happiness of today is commen-
dable. The uncertain and often
ineffective means employed to
fulfill that ambition is to be
deplored.
HumaniSts Confident
REGARDLESS of psychological
theories, humanists are still con-
fident that the intelligent man
will listen to- reason. 1t is to
these intelligent men, who will
listen to reason, that the follow
ing infallible method Of creating
an adequate estate quickly Is Sug-
geSted.
For example, take the needs OF
a typical family whose head is
apt to be attracted into the the
field of speculation. Jones Is 4S
years old, has wife and three
children. He is worth 100000.
Jones figures that his family re-
ouires an income of $4,000 per
year to live in the manner to
which they are accustomed. His
present earnings are required for
current expenses anu nc Cd1A1AOV
hope to swell his estate by addi'
tional savings. He is anxious to
leave his estate in such condition
that if anything happened to him
his family's circumstances would
not be materially altered.
Estate Income
The income of Jones estate at
the present time would amount
to about $4,000 q year, just half
the amount necessary. How can
he double the value of his estate
Immediately so that it will yield
the required amount? BY means
of an insurance trust! Jones can
take out insurance in the sum OF
$1O5 900 and arrange to trustee
the policy with a bank under
agreement. He would also deposit
with the bank approximately $685.
900, the income on which would
be sufficient to pay the premium
on the life insurance policy.
At Jones' death, the insurance
The Washington times., 1930-07-15
Youngstown Steel
Mills Run at $3.50

YOUNGSTOWN, July 15.-Steel
mills here this week continue at
the same average as the past
week, with district operations 63
per cent of capacity. Republic
Iron and Steel is at IS per cent
and Youngstown Sheet and Tube
at go per cent.
Youngstown Boiler and Tank
Company will operate at 100 per
cent, as compared with IS per
cent a week ago. The company
received orders last week for
1000 tons for oil tanks and
barrels.
The Washington times., 1930-07-15
DEFINITE CHANGE IN TREND
|SSEEN BY EXPERT
Stocks, at Present Time, Are Being Obviously
Manipulated; Danger That Excessive
Cheer Will Pervade Business Is Seen
Nv THE SPECTATOR

markets beginning to call for caution ana
will be emphasized another advance staged TO-DAY
Higher prices warranted in of the standard NOUS
leaders being too obviously manipulated
The danger growing that excessive optimism wiz again
rule where only the Of things pare Two
weeks ago Business believed to scraping bottom and
definite recovery expected to set in before the summer
is /. -
There is wide divergence Of opinion however as to now
far this CO. and wellinformed observers neneVe
the ,ptrn will be only moderate The markets province
has been to discount far six months ahead
bt is far too to buish rampages
warranted by current situation and the mmeoaVe
prospects ~ ~. 49, -
ments are governed by technical conditions within the
market itself stocks well debated ana
in strong hands is still believed to be Sizeable
short interest that to to cover Good stocks
could easily much higher Careful purchases VIII sno"
profits by fall but don't buy on bulges
The Washington times., 1930-07-15
OIL COMP PAN|ES
UNITE To USE
NEWPROCESS:
Seventeen Firms, Controlling
About 80 Per Cent Refinery
Capacity Of U. S. Join Move

Seventeen oil companies, con-
trolling 80 per cent Of the coun-
try's total refining capacity, have
become associated in a new COM
pany to use the new hydrogena-
ton process Of gasoline manu-
facture, it was announced today.
The process, developed by Stand
ard Oil Company, Of New Jersey,
and the German dye truSt--I. q.
Farbenind ndustrie-it is claimed will
make two gallons Of gasoline
where heretofore 1t was only pos.
sible to get one.
According to the Standard Oil
Company announcement, a new
company, to be known as the
Hydro Patents Company and in.
corporated in Delaware, will con.
troll the use of this process in the
United States. Shares of the new
company are to be held by users
Of the process, in proportion to
their oil-running capacities. Com
panieS affiliated with the Hydro
Patents Company, will pay to the
latter their proportionate share Of
a fixed and running royalty. Such
royalties will, in turn, be paid
to the Standard Oil Company and
1. G. Farbenindustrie.
Although controlling the patent.
Standard Oil of New Jersey will
have stock holdings in the new
company only in the same pro-
portion as other users.
Total crude running capacity
of the companies associated In
the Hydro Patents Company is
1853, ZOO barrels daily, while the
total listed capacity Of the oil
industry of the United States is
3,765,575 barrels a day.
The Washington times., 1930-07-15
Pittsburgh Rail Net
Drops in Quarter

Buffalo, Rochester & Pittsburgh
Railway Co reports for the
quarter ended March 81 net in.
come of $57, ,557 equivalent to SO
cents a share on $4,000 shares Of
6 per cent preferred stock. This
compares with a net income Of
$241,858 or $1.44 share on
los, 900 shares of common stock
in the same 1929 period.
The Washington times., 1930-07-15
ChrysLer Shipments
Ahead of 1928 Levels

Shipments of Chrysler built cars
in June amounted to 28,407 cars.
being 81 per cent of last years
June shipments, and exceeding
the 1928 record by more than
$500 cars. Deliveries to the pub
lie of Chrysler Motors products
are slightly more than IT per cent
of last years retail sales, with
field stocks 81 per cent lower than
at this time in 1929.
The Washington times., 1930-07-15

trust fund will amount to $1o5 ,000
insurance proceeds, plus sos 5,0o0,
the amount Of the fund. The 70.
tai, 100000, will produce the
required income Of $4,000. Should
Jones require part of the $a5,000
for present personal use or In bis
business, he could place part OF
the fund in the hands Of the
trustee with directions to pay1so
much Of the premium out OF the
fund as its income viii allow and
pay the remainder Of the pre-
MUM himself as it falls due.
Estate Grows
Examine these figures carefully.
Subtract from them the amount
by which the value of your as
sets falls short of the figure used
in example given above, or add
to them any amount to represent
the additional value Of your own
assets. The result, relatively, Is
the same. Your estate swells like
a balloon. Unlike the initiation,
attempted by speculative enter.
prises, however. this balloon can
not burst.
The insurance company and the
trust company simply help you do
your saving and provide insurance
while the savings is in process.
The Washington times., 1930-07-15
Cooper-R -Ressemer

Cooper-Bessemer's sales increase
for the first six months of the
year is attracting some attention
to the speculative possibilities of
the stock, which is listed on the
curb. The company now controls
about IS per cent of the country's
output of gas compressors. Net
last year was 1882 a share and
earnings for the current year
are reported to be running at a
much higher rate. Orders on
hand and pending business are
said to assure profitable opera
ton of the company into next
year. The stock seems to offer
good long pull possibilities, but
is quite inactive.
Public buying was reported by
some brokerage houses yesterday
Last weeks ballyhoo is evidently
meeting with some success. The
old group is said to be preparing
for new activity in commercial
solvents. The stock has a good
speculative following.
The Washington times., 1930-07-15
Picking Winners

One conscientious broker has
the tough problem Of selecting a
list of stocks for a client who
wants to speculate on a conserva'
tive basis. And he is somewhat
skeptical of the market for the
time being, though believing
prices will work higher. He has
tentatively chosen Auburn, United
Aircraft and Case Threshing.
Auburn, he believes, will share
The Washington times., 1930-07-15
Engineers p. s. June
Output Set Record

Engineers Public Service Com
pany reports electrical output for
the month of June Of 175:319.000
kilowatt hours. an increase Of 10
per cent over the corresponding
month last year.
The Washington times., 1930-07-15
Penn Oil Operators
Seek Immediate Cut

All Pennsylvania oil operators
outside of the Allegheny and
Bradford fields will meet In Oil
City, July 18, to discuss plans for
immediate curtailment on crude
oil runs.