davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-11-12
TRADE LEADERS,
WORK TO END /
DECLINE
Recovery Forces, Revamplng
Sales Lines, Work to
Remedy Slump " Conditions
BY LEWIS HANEY
director New York University Bureau
Of business Research and Former
Economist of Federal Trade
Commission

NS@A@-~-@---~~~
We may well consider Two re.
cent developments in business
which throw light on fundamental
conditions. They not only show
us where much Of the trouble lies'
but how the remedy is going TO
come.
7 refer to certain statistics cOll.
cerning silk and zinc. Both these
industries, by the way, are good
barometers Of business trends,
and the prices Of silk and zinc
often anticipate the general move
ment.
The silk industry illustrates a
very common situation. The
stocks Of raw silk are enormous.
At the same time, there has been
much overproduction both Of
broad silks and silk hosiery. The
price Of silk Is extraordinarily low.
Silk Supplies Lower
What is now going on in the
silk industry is a process Of liqui-
dation. This means that prices
must be made low enough to shut
off production and to stimulate
consumption. And prices must be
kept low until consumption has
reduced the, enormous excess
stocks Of raw silk to fairly normal
proportions.
This is what is happening.
Last month the total visible sup
ply of raw silk in the world de-
creased a little for the. first time
In :. a long while. The storage at
New York and Yokohama in
creased somewhat, but not as
much as usual at this season. IT
may therefore be said that a.
tendency to decline is under way.
The current world production Of
silk has fallen off more rapidly
than world consumption,
So the liquidation process Is
at work, aand we can look for
ward to a time when supply and
demand will be sufficiently ad-
justed to restore a sound balance.
Cutting Zinc Output
Something Of the sort Is going
on in our zinc industry. For a
long while the stocks Of this
metal have been piling up in the
producers hands. They are now
record breaking. The price of
zinc at East st. Louis has been
lowering around the extremely
low figure Of 4 cents a pound.
But now the first signs Of an
approaching turn for the better
have appeared. In this case there
has not yet been any reduction
in the enormous stocks, but there
is a sharp decrease in current
while shipments ap-
pear to have hit bottom.
The price Of zinc is now so low
that the number Of retorts pro-
ducing zinc is the lowest in many
years. At the same time, the
untitled orders at the end of
October were the largest in three
months.
Such facts as these are typical
Of our basic industries. They
show how the great process Of
correcting overproduction is going
on. The bottom Of the depres-
sion is nearer. Prices are get
ting down to levels at which the
great stocks of commodities can
be liquidated.
But we must be patient, for
this process takes time. Produc-
ton has to be held down until
the excess supplies ere worked
off. Thus a dull and depressed
condition of industry is to be
for several months.
The constructive forces, how
ever, are now actively at work.
After liquidation comes expansion.
The Washington times., 1930-11-12

Times SthII HnOLoS
EDWIN b. REESER
THESE TWO men represent
some Of the most powerful in
fluenceS in the American oil
industry today. Both are at the
convention in Chicago Of the
American Petroleum Institute.
Reeser, .ss president Of the Or
ganization, yesterday predicted
q bright future for the oil in
dustry. Doherty, founder Of the
vast cities Service organization,
asked that a national policy of
the petroleum industry be de
termined. Otherwise, he init
mated, he would ask for a Con-
gressional probe Of the matter.
The Washington times., 1930-11-12
JEWEL DIVIDEND.
DECLARED

Directors Of Jewel Tea Com.
pany, Inc, declared an extra divt-
dend of 81 q share on the com
mon stock in addition to the regllp
lar quarterly dividend Of Is cents
q share. Extra dividend was de-
clared in accordance with the
policy of the directors to pay
extra dividends when earned-but
only when earned.
The regular quarterly dividend
Is payable January Is. 1881, 70
stockholders Of record January z,
1881: extra dividend Is payable De.
cember Is, 1880, to stock Of record
December 1. 1880.
The Washington times., 1930-11-12
Fox Under Pressure

Reassuring statement Of Harley
Clarke, president Of Fox Film,
had no effect marketwise, the
stock dropping over four points.
Clarke declared the earnings
were running ahead Of last year
and that the company expected
to- make bunch Of money on
five pictures it completed recently.
Fox, however, is obviously under
heavy pressure and support Is
not strong enough to keep it UP.
The selling, am told, is coming
from one large operator who is
bearish on the stock and Is
openly predicting much lower
prices.
Banks have been selling lot
Of. bonds in the past few weeks,
I am told, explaining the soggi-
ness In the bond market. This
would ordinarily. be bullish on
stocks, indicating switch from
one to the other: but since there
has been no evidence Of real
banking buying as. yet, 1t would
appear that the banks are get
ting in shape. to take advantage
of, the buying opportunities when
they arrive.
The Washington times., 1930-11-12
POOLe'S Secretary
W After Operation

Miss Lois A. White, secretary to
John Poole, president Of the Fed
eralAmerican National Bank and
Trust Company, Is seriously I'LL in
Emergency Hospital, where she
underwent an operation Tuesday.
During Miss Whites absence
Miss Helen X Delaney Is acting
as secretary to Mr.. Poole!
The Washington times., 1930-11-12
Fox Earnings Up
" OUer Last Year

Harley l.. Clarke, president Of
Fox Film Corporation, issued the
following statement today:
"Fox Film Corporation earn
ings are running ahead Of last
year to date and there is no
indication that they win not
continue to do so for the entire
calendar year. The company
has five completed pictures for
release and . conservative esti-
mate of net earnings from these
five pictures is $4,000, 900.
The Washington times., 1930-11-12
Pennsylvania Coal
Output Declines
FURNISHED by W. B. HibbS Coz
SALES

Production Of anthracite in
Pennsylvania during the week
ended November / is estimated
at 1,412,OOO net tons, q decrease
Of $4,000 from previous week.
The Washington times., 1930-11-12
nancio7 Market News Stocks Bonds Commodities and
|Bendix Quarterly
.Dipidend SLnshed

Directors Of the Bendix Avia-
ton Corporation declared a divi-
dend Of Is cents q share payable
January 2. to stockholders Of rec
ord December 10. This makes
total disbursements Of $1.75 for
the year. The stock had been on
a regular 81 basis.
The Washington times., 1930-11-12
Continental Can
/. OICnere 1859

Transfer records of Continental
Can Co., Inc, as Of October 81,
1880, show q total Of 1850 share
holders, new high record for all
time. This compares with 1882
holders on November /, last year,
an increase for the year Of AZ per
cent in number Of holders, against
an increase Of less than one-half
Of / per cent in the number of
outstanding shares. During the
same period, floating supply rep
resented by shares in brokers
names decreased "a per cent.
The Washington times., 1930-11-12
RALLY WEAK,
CAUTION IS
ADVISED
Spectator Believes That. Re-
Covery viii Be Slow; Fox Un-
der Pressure, He Avers
BY THE SPECTATOR

y Stocks were Churned over
In heavy volume yesterday
without making much head.
way. Strength In some OF
the leaders like Steel and
Can couldn't entirely hide
sweakness in American Tele-
phone and other sections Of
the list. The rally appears
only half-hearted to me and
EI wouldn't make any effort
ITO follow it..
The Washington times., 1930-11-12

nine months Of 1929. Net profit
after taxes for the first nine
months Of 1880 was $458,008 or
$4.58 per share against $426,956
or $4.27 per share for the same
period Of 1929.
Seward daily gateway., 1930-03-08
RADIO STATION
 FOR POORMAN
 MAY BE BUILT
SERGEANT RADIOED ALL DE TAILS OF DISCOVERY TO
 ARMY CHIEFS

WASHINGTON, March 8. tFJ If perseverance is to be rewarded, Sergeant William Growden of the Army Signal Corps before long will open a radio station at Poorman where he staked a aold claim not long ago
 He obtained leave from the Ruby post and travelled to Discovery Point where he radioed all the de- tails to his army chiefs and sug- geSted that if the gold hold out, Poorman should have radio sta- ton of it's own.
 New messages gave information regarding the population of Beaver Creek and saying that if things turn out good sized town will be founded on the spot
 GroWden is hopeful that his sug- gestions will result in moving his station near his claim
Seward daily gateway., 1930-03-08
INDIAN WOMEN CHARGED MURDER
 MRS. MARCHAND
AFTER SEVERAL SESSIONS AT QUA BOARD KILLS WITH
 HAMMER. CHLOROFORM

BUFFALO, N Y., March 8, (4)-- Two Indian women are in jail charged with the murder of Mrs. Clothilde Marchand after one Lil- ian Jimerson confessed she used she Ouja board, a tribal supersti- lion and melted Mrs Nancy Bowen, B, to kill the woman.
 Unrequited love for Henry Marchand, husband, is blamed for he killing.
 Mrs. Jimerson said she told the older Indian woman of messages from her husband in the spirit world which came from the Ouja board saving he was wandering and hungry and awaiting to be aveng- vd.
 After several sessions of the card she told Mrs Bowen it spell @d out instructions to go to March and's home and kill the woman with an ounce bottle of chloroform and a hammer. She then went to he home and struck Mrs. March nd then thrust wad of paper and hloroform down her throat.
Seward daily gateway., 1930-03-08
Editorial
THE CODE OF THE AIR

"A promise made is a debt unpaid, and the trail has its own stern code"
 Thus sang the poet of the heroic days of the Yukon
 In this later age the same words may be en- poyed in apt description of the spirit that inhab- it's the breasts of the men of the etheral trails There is no promise made as debt unpaid" but the air has its own stern code This code has just been vindicated by Joe Crosson-aided by his steadfast and daring conlpanons-whose indefat- igabe labors battled down Arctic blizzards and braved thousand hazards that the body of his fellow knight of the air might be recovered and returned to his loved ones
 Crossons aid in the search of Col Ben Eiel- son and Earl Borland was expressive of that spirit of chivalry that has become traditional among those who have blazed other trails lying above and beyond Mother earth It was synony- nous with the action of Col. Charles Lindbergh when companion in air crashed while piloting the air mail across the United States; it was sym onymous with the action of the heroes who car rled the diptheria serum to Nome. Crosson might nave blded his time in southern climes conscious o1 the hazards which confronted him in the bleak barrens of d-Winter Siberia 1t was not none tary gain that inspired his brave action, nor was 1t gesture for fame It was the spirit of the air corps born of the travail of the great World War and being perpetuated by the courageous little group of airmen who have won against grim na- ture and crlss scrossed the skies of Alaska with ar-lanes contributing their full measure to trad 1tlons that will serve to inspire American youth to deeds of honor and chivalry.
 Already Joe Cross0n has paid terrible price for his courage-a loving sister crashed while competing in a crosse country contest Yet when the hour came for action he faltered not Alaska is proud to number him among it's great family
Seward daily gateway., 1930-03-08
DUPONT LED ATTACK ON DRY
 LAW, CONFAB
ONE OF FROEMOST INDUST- RIALISTS IN U. s. ADVO-
 GATES CHANGE

WASHINGTON, March 8, tP- Ten witnesses, led by Pierre S. Du- Pont, carried on the attack against. prohibition laws before the House Judiciary Committee and explained why they believed the 18th amend ment should be repealed.
 Mr. DuPont, in a particularly lurid dissection of dry law foibles, declared that the yields of his per- sonal study of prohibition had con- vinced him that Valsteadism was a pernicious system, and that it Is now possible to modify the dry law in any way that will satisfy the people,.
 Mr. DuPont, who is one of Amer ica's foremost industrialiSts, said further that his extensive studies compelled him to deny that prohi- bition was of any assistance to in dustry or labor, altho he admitted that this disagreed with the state ments of Henry Ford and Alfred P Sloan, president of General Motors.
 Mr. DuPont suggested that some of the men who said prohibition helped industry, were guilty of hypocrisy and added that State commissions, for handling liquor sales under strict supervision, was the best substitute for Volsteadism he knew
 Among others who testified were Henry Allen Johnston, spokesman for 2,OO0 lawyers who claim the dry law is unconstitutional, and Henry Curran, president of an association against prohibition amendment.
Seward daily gateway., 1930-03-08
GRAND IGLOO CONVENTION
 4 BIG SUCCESS

il have visited just about all the camps and towns In Alaska but never have I seen such hos pitality anywhere as was extend ed to the delegates, and others, to the Grand Igloo of the Pioneers of Alaska Convention at Anchor age this week." stated Cal M. Bro- sius, newly elected President of the Grand Igloo, who returned home last evening loudly sing ing the praise of the wonderful success of the convention which was at no time marked by any dissention, each and every one of the several nominations for office being carried unanimously.
 Officers elected were:
 Cal M Brosius of Seward, Pres ident; Herman Gentch of An chorage, 1St Vice President; Wm Jarman of Juneau, End Vice President; George J. Love of Val deg, reelected secretary and the of flee made permanent; Percy c Charles of Ketchikan, Treasurer fDr. w. H. Chase of Cordova, his tcrian, which was also made 2 permanent office; c. E. Rice O i Juneau, Grand Chaplain; Alex Cameron of Ketchikan, Sgt --at- Arms. Trustees: Lynn Smith O Fairbanks, c. H. Wubbenhorst Of Nenana, Alfred Lomen of Nome. F. c. McCormach of Wrangell, Dave Strandberg of Flat.
Seward daily gateway., 1930-03-08
MYSTERIOUS MALADY; 300
 ARE STRICKEN

OKLAHOMA CITY, March 8, tP) Federal authorities joined city officials in an effort to combat the mysterious malady, accompanied by paralytic symptoms which has stricken 301 fatally so far here
 Dr. Miles, city health director said he attributed the strange ill- ness to poison liquor or Jamaica ginger. Partial and complete pa- ralysis of the legs seems to be the chief symptoms.
 Two high school girls, two physi- clans, a preacher and five drug store employees are among the stricken. The preacher denied drinking.
Seward daily gateway., 1930-03-08
ROAD SUP'T. NASH HERE

Frank Nash, superintendent of th7 Fairbanks district for the Ala ka Read Commission, arrived in the city last evening enroute t7 Juneau for consultation with N jor Malcolm E-jot, prosident, and other officials of this splen- did Territorial force of road build- CTS. Superintendent Mash is no stranger in Seward having been a resident here some years ago. He is young, and alert ap- Alaskan and should go far in his chosen career.
Seward daily gateway., 1930-03-08
s. s. ALASKA SAILS NORTH
 GOOD LISTING

SEATTLE, March s, (P-The s. s. Alaska, of the A. $. s. Co.,, sailed at g a. m carrying 264 passengers. There are 80 passengers listed for Seward as follows:
 L. Jensen, T. Lindsey, Phil Wal don, Mrs. F. E. LaRue, Wm. Cook, MT. and Mrs. Ray Larson, ISac Bay les. MT. and Mrs. Nj. E. Anderson, Mrs. J. D. Whitney, Wm. c. Christ ianson, Joe Dalton, E. J Ellis, Miss Lillian Lee, Mrs. Alice Osborne, J. H. Anderson, MT. and Mrs. B. A. Wennerstrom, John c. Boswell.
 T. Holskil, c M. Lindsey. M. Ree- xeer, MT. and Mrs. F. w. Hain, Jack Gjoen, O. P. Daun, A. D. Roberts, A. F. Hines, Mrs. c. P. Gilliland, Katherine Gilliland, Robt. Gilli- land, w. A. Memy, J. Butrovich, A. Lappi, Miss L. Montgomery, Robt. Klemer, Olaf Dreg, J. s. Foreman, Mrs. F. Parry, Willis V. Wightman, Mrs. M. Richardson, G. W. Foss.
 R. Kilmaurry, R. M Ki'maurry, H. M. McKanna. Mrs. H. Johnson, Dan Kennedy, James Thomas, A. Strom, E. H. Highberg, H. George, e. Snyder, J. R. Richardson, c. R. Newman, J. McMenaman, J. Ley land, o. Weiswick, o. H. Roberts, A. J. Miller, c. Hantner, J. A. Gustaf- son, H. c. Osborn, J. Murray " Mitchell, R. V. Willard, M. w Harl- man, J. Epperson, J. Beckhousen, w. Reeder, F. Quick, Mrs. N Hewitt. P. F. Dybwad and 12 third class.
Seward daily gateway., 1930-03-08
FUNERAL PLANE EIELSON, BORLAND
 AT FAIRBANKS
OLE EIELSON FIRST TO REACH PLANE AND GREET PILOTS
 ALSO RUSSIANS

FAIRBANKS, March 8, (P)-Ap- bearing in close formation over Fairbanks at 1:30 yesterday after noon, Eielson's and Borland's es- cort slowly circled over the town and landed In quick succession; the Fairchild plane with the bodies was first down with the Russians fol- owing
 Ole Eielson was the first ore to reach the plane where he embraced Pilots Crosson, Young and Reid. After a few minutes he walked over to the Russian plane and greeted Slipinov and his companion as the Russians craWled out of the open cockpit and jumped to greet Pilot Gillam, the third down They then joined the group at the Fairchild plane which was run into the ham, gar where the bodies were remOv- cd
Seward daily gateway., 1930-03-08
Supporters Of
 Dry Law Wll
 Work OUertime

wAsH1NGTooN. March 8, lPy- Supporters of the 18th amend ment announced they propose to utilize the recess of the House judiciary committee hearings, by going over the testimony of the anti-prohibition group.
 They are arranging to combat each phase of the opponents to the dry law and call witnesses.
 Mrs. Lenna Yoster, in charge of the presentation of witnesses, said it was planned to cover every angle from the moral to the legislative aspect.
Seward daily gateway., 1930-03-08
TELLS COMMITTEE HE
 IS ON PAYROLL

WASHINGTON, March 3, O. Warren Doane. editor of "M2nu- factrrer" published by the Nam ufacturers Club, of Philaaelphia. told the Senate Lobby Committee that he was on the payroll ot Grundy at $500 3 month.
 He added, when there was work to do and did it in the Senate office building in a room assigned to Senator Grundy and that he was employed in research work
 The witness was called for questioning concerning reports that he and two others used as headquarters the office given to Grundy
Seward daily gateway., 1930-03-08
Sfenographer To
 Stimson Falls
 To Death, London

LONDON March 8, (P)-A verdict of accidental death was rendered at the inquest over the body of Mrs, Pearl Demaret, Sec retary Stimson's stenographer who died yesterday after a fall from a room on the sixth floor III the Mayfair Hotel.
 Mrs. Hurley Fisk, was with her at the time but was in the bath room when she fell.
 She testified that Mrs. Demaret, after 10 days in London, became quite homesick and said "she wanted to get back home where she had a child" That it was the first time she had been away from her child and husband
 Mrs Demaret had planned to leave just few hours later to take a steamer home.
Seward daily gateway., 1930-03-08
PURCHASER NOT GUILTY

BOSTON, March 8, (P)-Fed- eral Judge Morton ruled that the purchase of liquor was not a crime under the national prohi- tion act. The decision was given in the case of James Farral in dicted for purchasing two pints of liquor.
Seward daily gateway., 1930-03-08

Rev. Macpherson recently spent nine days at Fairbanks and enjoy ed the thrill of ride behind Judge Clegg's fast dog team. Judge Clegg has 27 dogs and his team captured first prize in the Fairbanks dog race last year.
Seward daily gateway., 1930-03-08
DIR. CHASE A VISITOR

pr. W. H. Chase, prominent resident of Cordova, highly res pected member of the Pioneers Of Alaska and chairman of the Alaska Game Commission, was among the arrivals in Seward last evening enroute home from the Grand Igloo Convention at Anchorage where he was honored by being elected time Histor- ian of the famous organization.
Seward daily gateway., 1930-03-08

Owing to the delay in arrival from the south of the s. s. North western, today's passenger train for the Interior has been held over until 7:30 tomorrow Sunday morning.
Seward daily gateway., 1930-03-08

The S. s. Starr, Capt c. E. An derson, San Juan Fishing & Packing Co.,, is scheduled to de- port for the Westward at 6 D. m. Monday.
Seward daily gateway., 1930-03-08

President Leon Urbacn, of the Seward Chamber of Commerce announces that at the Tuesday noon meeting, in the Seward Grill. p. c. Brownell, of the Liberty Theater, will address the gather ing on an important civic matter.
Seward daily gateway., 1930-03-08

The tonnage to be discharged from the s. s. Northwestern, due from the south tomorrow morn ing, includes 27 tons for the s. s. Starr, 9 tons for local and 221 tons for railroad points.
Seward daily gateway., 1930-03-08

Pr. Romig recently entertained } number of his friends in Anchor age with his movie projector, show ing six reels of film, taken in diff ferent cities turnout the states dur ing his recent visit there.
Seward daily gateway., 1930-03-08

G. J. Love, one of Valdez lead ing business men and long an ac- tive member of the Pioneers of Alaska, returned last night from Anchorage where he was delegate from the Valdez Igloo to the Grand Igloo Convention.
Seward daily gateway., 1930-03-08

Previews of the talkies have been made in Fairbanks and at Anchorage and they will appear regular at Fairbanks beginning today and at Anchorage, on the 18th of this month.
Seward daily gateway., 1930-03-08

Ralph Vein, one of the well known aviating brothers of the Interior, arrived in the city last evening from Fairbanks.
Seward daily gateway., 1930-03-08
SLOWLY SINKING

WASHINGTON, March 8, (P- Taft's condition as reported by his physicians is said as: Being not quite as favorable as yesterday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-30
GUELPH TREASURES
TO Be SOLD APART
Greatest Medieval Collection
Known on Exhibit for :,
Month in New York.
BY the Associated Press.
BY MORRIS WATSON

NEW YORK, November 2o.-For the
last time beginning tomorrow, human
eyes will gaze on the medieval treasure
or the GuelphS as q single collection.
The 81 pieces, valued at $4,000. 600
will be on view in the Reinhardt Gal.
leries on Fifth avenue for q month.
after which they will be sold In separate
lots They have been intact since nine
years before Columbus sailed to dis.
cover America.
The collection has been DESIGNATED
the greatest medieval ecclesiastical
treasure known.
The first pieces were collected In the
twelfth century by Duke Henry, Lion of
Brunswick, who was the great Guelph
prince adversary of the Ghibelline eln.
peror, Frederick BarbaroSsa! They were
reliquarieS and holy vessels brought
back from his pilgrimage to the Holy
Land and his visit to the BYZANTINE
emperor in 1172.
Most OF the pieces represent fine gold
and silver work upon which unknown
artists Of the Dark Ages spent life.
times
Every object was collected by some
member of the royal Guelph family and
handed down for 900 years Last year
the Duke of Brunswick, son-in-law Of
the former Kaiser brought the collec.
ton from a safe deposit vault in Swift
zerland and sold it. Three art dealers
OF Germany made the purchase jointly.
Six pieces already have been sold to
William M. Milliken, director of the
Cleveland Museum