davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-06-26
STOCKS RALLY
AS BUYERS
INCREASE
By W. s. COUSINS

NEW YORK, june 26 0NSO.
Stocks, cotton andl grain started
the new session at higher price
levels, and Wall Street was in a
more cheerful frame of mind this
morning as brokers In advance Of
the opening of the stock market
reported good influx of buying
orders.
Some nervousness Was exhibited
over the result of TWO important
dividend meetings, those of Ana
conda Copper and Industrial AL
cohol, but lower cas- h dividends
have been clearly foreshadowed
by the action of the stock market.
Trading in the stock market in
the first half hour was compare
lively small, only 324.00O shares
changing hands. Eastman Kodak
and Auburn Auto sold about
points higher, while American
Telephone and Tele graph moved
up 3 points and numerous active
industrials recovered a point or
two. The market w9bbled at the
end of the first hour and then re-
sumed its moderate rally, under
the lead of the blue chips. 4
United States Steel was a pivotal
point in the early trading. open
ing fractionally higher at 1856, de
clining to 154H and rallying
sharply to 1861. 1t was the gen.
eral opinion that po werful bulliSin
interests would not permit this
market bellwether to break under
$50. The market leaders moved
within a narrow price range.
mostly upward, in the second
hour.
Cotton rallied about go cents q.
bale, wheat rose ffactionally IN
the early trading. and call money
was unchanged at 2 per cent.
The Washington times., 1930-06-26
UNION PAC. NET
SHOWS DROP

Volume Of traffic currently be-
ing handled by the Union Pacific
railroad system is showing about
the same relative decline from the
corresponding period last year as
was. shown in the earlier months
this year. Carl r. Gray, president
OF the road. said today.
May earnings of Union Pacific
will show almost the same rela-
tive decline from a year ago e.s
was reported for the first four
months of this year.
For the first four months of the
year the road reported gross oper.
ating revenues of $55,864,471, a
decline of 1876 per cent from the
same period. Net operating in
come for the four months totaled
$6,417,2 PAS, decline of $1,000, ,563.
or Al $40 per cent.
The Union Pacific was en-.
jOying recOrd-breaking traffic in
practically every line at this
time last year." continued Mr..
Gray. Earnings also were at
record levels. These factors
should be taken into cOnSidera.
tiOn in comparing present re-
suits with last year.
1--WE regard our expenditures
on maintenance of way and
structures and on maintenance
of equipment as normal for the
amount of business being han
died. No necessary OutIayS are
being postponed. ON the other
hand, our maintenance program
is not ahead of schedule"
The Washington times., 1930-06-26
Econon1icRuinFacingU.S
Senator Mcclellan Says

New Hampshire. Additional Sena-
tors, it was said, have pledged to
vote for a recess of the Senate
until November II, if the Presi-
dent insists upon the session now.
The motion for recess will be
made within a week after the
special sessions conVeneS. SponS-
orS are confident of command
ing a majority vote as numerous
Senators are complaining against
the attempt to force them to con-
slider the treaty without full op-
portunity to study 1t.
Too Many Ships Sunk
McKellar raked every argument
raised by Reed in defense of the
treaty. He declared it accentu.
ates the present inferiority of the
American Navy to the British
fleet; increases, rather than de-
creaSes, naval armamentS gener-
ally; will cost the American peo-
pie more than $1,000, 900, 900, and
floutS the defense needs of the
country as recommended by ex-
pert naval advisors, who, in event
of war, would be responsible for
American security.
He declared the country should
be guided by the advice of the
trained naval experts, rather than
Admiral Hoover, and Admiral
Stimson and Admiral Reed, who
know nothing about the subject
practically"
Mcclellan advanced these rea-
sons for rejecting the treaty:
"The United States has sunk
an overwhelming prepOnderance
in three classes of ships, namely,
battleshipS, deStrOyerS and sub.
marines, while Great Britain
has not budged an inch when
it came to her great superb
Ority over America in cruisers.
'It requires us to build ships
of a kind and size that Great
Britain is willing for us to
build. 1t prohibits America
from building the kind and
size Of ships and guns that
America thinks is best for her
own defense.
ut prevents America from
defending the greater part of
our foreign trade and COM
merCe on the high seas"
The Washington times., 1930-06-26

Economic ruin will confront the
United States in event of another
war should the London Naval
Treaty be ratified. Senator Nc,
Kellar tDJ, of Tennessee. de,
clared last night
His a. farming warning was
sounded in a speech over the ma
tion-wide network of the National
BroadcaSting chain. 1t was di-
rect reply to the RADIO speech
last Thursday of Senator Reed
(RO, of Pennsylvania, a delegate
at London, in defense Of the
treaty.
Declaring the American delega-
ton had surrendered to Great
Britain on every important issue,
McKellar said:
'Tt also gives to Great Britain
the power to put economic pres
sure on America equivalent to
business ruin"
Having sacrificed in the treaty
a navy sufficient to protect foreign
trade, American commerce, he
warned, would be confined almost
entirely to coastal waters. He
said:
IF the agreement goes through
we can protect our trade in
the North Atlantic, the Gulf of
Mexico, the Caribbean Sea and
the Pacific Coast of America,
and that is all we car do.
We Must Have a Navy
"As long as we have cOmpeti-
ton in commerce with Great
Britain and Japan, as long as
we are q great exporting ma
tiOn-ard we can not be great
nation without foreign com.
merce and trade-we must have
a navy to protect that COM
merce and trade"
Such a navy, he added, the
treaty utterly fails to provide.
While McKellar was carrying
the treaty fight to the American
people, the White House announc-
ed that President Hoover, despite
the senatorial petition asking
postponement of the treaty until
fall, would summon special SeS-
sion Immediately after regular ad,
jo'lrnment. probably next week.
The petition contained "a sig,
natures. It was sent to the White
House by Senator Moses (R0, Of
The Washington times., 1930-06-26
ST EEL MERGER
FATE NEARS

YOUNGSTOWN, Ohio. June 26.
One question was paramount to-
day as trial of Ohio's billion
dollar lawsuit" over the merger
of Youngstown Sheet and Tube
Company with Bethlehem Steel
Corporation was resumed in the
Mahoning county common pleas
court here before Judge David G.
Jenkins.
The question Is: Are proxies of
stock, sold between the date OF,
record and the date Of a stock
holders meeting. valid for voting?
Fate Hangs ON Answer
Upon the answer Of this vital
question apparently hinges the
fate of Sheet and Tube Company
with regard to its merger with
Bethlehem. Attorneys for the
forces opposing the merger con-
tend that such stock is null and
void, and should they be upheld,
consummation of the Sheet and
Tube Bethlehem merger likely will
fail.
Attorneys for the pro-merger
forces, however, claim that such
stock is legal, according to the
statutes of Ohio.
The decision as to which is
right is regarded as highly signifi-
cant in industrial circles, for it
will, in all probability, affect the
doingS of every corporation in
thn country
The Washington times., 1930-06-26
ORDERS IN LINE
PIPE CONTINUE
IN VOLUME

NEW YORK, June 26.-The fol.
lowing is todays summary of i'm.
portant corporation news pre-
pared by Standard Statistics Com
pany, Inc.
The weekly reports of trade and
Industrial activity indicated some
further tapering off has taken
place. Steel ingot production was
reduced about 3 per cent to an
average of 68 per cent for the in
dustry as a whole.
A year ago at this time opera
tions we're at about 96 per cent of
capacity, while the 1928 period
rate was 73 per cent.
In Good Volume
Line pipe and structural steel
orders continue in good volume,
but the effects of this expansion
is offset by a sharp decline in de-
mand from automobile manufac-
turers. Prices remain weak.
Railroad freight car loadings
for the week ended June 7 were
below those of any like period
since 1924. Total was 935, SAT cars,
an increase of 8.8 per cent over
the previous week, which includes
a holiday. but ia per cent be-
low the 1929 period and 60 per
cent less than in the 1923 week.
Merchandise and miscellaneous
shipments, two excellent indexes
of trade and industrial activity,
were less by ga per cent and
121 per cent, respectively, than
in 1929 week. Sharpest losses
were shown by coke, ore and for
est products.
The Companies
Douglas Aircraft-Unfilled or
ders May 81 about $4,000, 900.
To introduce new type amphibian
plane shortly.
: Long Island Railroad reported
to have dropped about 500 EN-.
ployes in past few days.
Minneapolis, st. Paul and Sault
Ste. Marie Railway Cncluding
Wisconsin CentraD May deficit
$297,912 VS.. surplus $380,395; five
months deficit Slabs VS.. def
icit $202,246.
Waltham Watch vacation shut
down extended to 5h weeks; in
previous years period was about
2l2 weeks.
Westinghouse Electric and
Manufacturing, subsidiary with
; group Spanish financierS, to form
new company to manufacture
electric generators, motors, trans
formers, etc, in Spain.
Central Coal and Coke omits
$1.25 preferred dividend due at
this time.
Curtiss-Wright Corporation re-
ceived orders for 272 Cyclone en-
gines, value about $2000,00O.
. j. c. Penny announces general
price reduction on staple mer-
chandise; some cuts approximate
80 per cent.
The Washington times., 1930-06-26
BANKER
DIES SUDDENLY

FRONT ROYAL. Va, June 20.
Frank D. Wood, 81, prominent
fruit grower and farmer of Rap
pahannock county, died suddenly
at his home near Washington.
He was a director in the Citi-
zens National Bank of Front
Royal, a director Of the Kappa
hammock National Bank of wash.
ington, Va, and a member of the
board Of supervisors of that
county. He is survived by his
wife and three young children,
Mary Miller wood, Downing
Wood and Charles Wood: three
sisters, Mrs. Hubert Keyser, of
Washington, Va; Miss Katie
Wood and Mrs: Saunders, both Of
Culpeper; j. w. Wood, of Flint
Hill; Stonewall Wood, of this
county, and Aubrey Wood, Of
Roundhill,
The Washington times., 1930-06-26
OIL STOCKS

FURNISHED by W. 3. Hiees s CO..
The Washington times., 1930-06-26
Fashion Park Assoc.
Sales Are $I,79O,734

NEW YORK, June 26 U.N.s).
Net sales Of Fashion Park AS
Sociates, Incorporated, for May
were $1,790,734. This total is
after elimination of sales between
companies reporting, and does
not include sales Of those COM
panies controlled. but not entirely
owned. For the five months
ended May 81, 1850. the net
sales totaled $11,142,O51 on the
above basis.
The Washington times., 1930-06-26
PHILADELPHIA STOCKS
(FnrnLshed by wv. B. Hlbbs & Coz

IHEVEEN - WI
Bid Ask
The Washington times., 1930-06-26
Great Western Net
ShOIUS Gain in MGy

CHICAGO, June 26 1N.S).
Net operating income Of the Chi
cago Great Western railroad for
May was $152,514, a gain Of SIT, ,18O
over the same month year ago,
it was announced here tonight.
The improvement, it was stated,
was effected through increased ef-
ficiency and savings in operating
expenses rather than offsetting
decreased revenues.
The Washington times., 1930-06-26
CHICAGO PRODUCE

Butter-Receipts, 9:sTa tubs: crsam-
cry extras and standards S2E; extra
first. sO1s 6s1hc; firsk, zsLa q 2s5d;
packing stock. 1691sc; specials, $50
3Shc.
Eggs-Receipts 1868 cases: curren4
receipts, 2Ohc; graded firsts 21he;
extra firsts, 22c; ordinsky current re-
ceipts 10000; dirties. 1Se; checks,
17kc.
Cheese. twins new, IS X 617c: young
Americas, I'm @17%c; Haisies 17A6
17hc; LonEhorng, 17h hka17%c; brick,
l6A @16hc.
Live pOultry-Turkeys, 1Sc; hens, II
% zoe: Ieghorn hens, 15cE roosters. 14c:
ducks heavy, ,14c; smaql, lie; spring
geese 16c. y
Potato-Receipts 96 fars on track,
305 United states shipments 1852;
southern sacked Irish Cobtlers 2t7Sh
""S. southern sacked bliss triumphs
hest mostly. t22S. fandy SG.S9; ordi-
nary to poor H.7sH2. North Carolins
Irish cobblers bbls.. t6.TS4AtS: viz
ginia irish cobblers. bbls mostly, Sa.19.
The Washington times., 1930-06-26
N. Y, o. e ". ShOws
Deficit for Muu

NEW YORK, june 26 1N.s).
New York, Ontario and Western
May deficit amounted to $62, ,485,
after taxes and charges. This
compares with a deficit of $685.
169 in May. 1929. The first five
months deficit tots.led $455, ,271,
as compared with $5O5, ,594 in the
first five months in 1929.
The Washington times., 1930-06-26
Exchanges t9 Close
DdY After Fourth

NEW YORK, June 26 1N.SO.
The New York Stock Exchange.
New York Curb Exchange and
New York Cotton Exchange voted
today to close on the Saturday
following the Fourth of July. All
boards will close from Thursday,
July 3, until MondaN ", July Z.
The Washington times., 1930-06-26
Pennsy Line Votes
2 Per Cent Dividend

PHILADELPHIA, Pa, June 26
UNS0 The board of directors
of the Pennsylvania Railroad
Company. meeting here, today
declared a quarterly dividend of
per cent upon the company's
capital stock. payable August 80
to stockholders of record August 3.
The Washington times., 1930-06-26

1884 5'1 Zenith RadiO..... IA rs TS- Il
"Ex dividend E1 rights. Plus ~ in stock GPay-
able Plus ~ in stock Paid last year-no regular
rat IN Payable sPaV
able In cash Plus lofs PIus So iD
PuA sSs Plus So in stock Plus
1S stock Plus s3-a% in ztccA o Plus s. in stock
approval sockhodsrs PluS OHtraA sU0N
Iess hal
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1930-03-21
Wide Awake
q g y q q q q g q q q q q

q q z q C @ q q q q q Q
Abraham Toavs is expected
back home this week from Free
man, South Dakota, where he has
been attending school.
Mr.. and Mrs. Grimsrud, Mr.. and
Mrs. A. F. Toavs, Lily, Lila and
Frank Toavs and Lillian Open
were visitors at the Albert Lee
home Sunday.
School News
Ordean Olson and Elsie Toavs
were on the program committee
last Friday. The following num-
bers were rendered:
Current Events .--.-... Elsie ToaVs
Reading Daniel Toavs
Song E-wa-ye, My Little Owlet
First grade
Song, Dixie ...----------~ by all
Ordean Olson is working on a
project in connection with the
study of South America.
Our soloists last week were
Lily Toavs, Grace G~underson,
Jessie Toavs and Martin Toavs.
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1930-03-21
BITTER FIGHT
ON FARM BODY
Continued from page one)

organizations, makes its loans at
a rate of interest not exceeding
more than So Ge. 1t is only nat
ural therefore, that the banks ally
themselves with the grain trade
in its struggle to retain its grip
on the pocketbook of the farmer.
Within the last few days the
Farm board has issued two m
portant orders. The first restrict
ed the buying of grain at the loan
price bv co-operatiyes to mem
hers of cooperative organizations
only BECAUSE of the present glut
on the market such action cur
off the only channel through
which private companies couio
sell their grain at a profit. All
most Immediately the rme
Union Terminal association and
kindred organizations received a
deluge of requests for member
shin together with the necessary
fees. especially from elevators.
These elevators were forced to
take such a step to save them
selves from bankruptcy. Ihey
knew that they could not repay
private concerns with the amount
already borrowed plus interest IL
thew were to sell their grain al
the cash market price, BY JOIN
ing a cooperative, they oouio
either sell to the Grain Stabiliza'
ton corporation at a profit now
or receive a loan and participate
in a possibly greater profit at a
later date.
In a statement covering the
Wheat War made in Washington
February 10Th, Senator Capper OF
Kansas said SIT looks like a TWO
wav attack. One by the gram
trade and it's allies to frighten
the business man and the con
sumner. The other to persuade the
farmers that the Board is not act
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1930-03-21

tree and then began to look ABOUT
for some light reeds to serve as
arrows.
7 presently saw what ! required
in a copse at a little distance.
we advanced cautiously lest the
thicket should contain some WIG
beast or venomous serpent. Juno
rushed ahead; as she did so a
flock of flamingoes. which had
been quietly feeding, rose in the
air. Fritz, instantly firing, brought
a couple of the birds TO the
ground. the rest of the squadron
sailing away in perfect order
their plumage continually chang
ing. as they flew, from beautiful
rose to pure white. as alternately
their snowy wings and rosy
breasts were visible. One of those
which fell was perfectly dead, but
the other appeared only slightly
wounded in the wing, for it made
off across the swampy ground.
attempted to follow, but soon
found that progress was impos-
sible on the marsh; Juno, how
ever. chased the bird and, Selling
it. speedily brought it TO my feet.
Fritz and Ernest were delighted
at the sight of our prize.
What a handsome bird ex-
claimed they. SIS it much hurt?
Let us tame it and let it run
about with the fowls"
Its plumage is much more bril-
liant than that of the dead me-"
remarked Fritz.
Yes" said Ernest, this is a
full grown bird. while yours is
Younger; it is some years before
they reach perfection. See what
long active legs it has, like those
of a stork. while with its great
webbed feet it can swim faster
than a goose. Earth, air, or water
is all the same to the flamingo.
it is equally at home in any one
Of the three"
well" said Fritz, "let us take
the dead one to mother and get
her to introduce it TO the othe!
element, and see what it vii
make of that; if it is young ant
tender, as you say, it should make
a delicious roast"
Fritz and Ernest then carried
the birds and bambOos to the
tree. while 1 proceeded to cut n.y.
reeds. I chose those which hat
lowered, knowing that they were
harder, and having cut a suficien
quantity of these, l selected ONT
or two of the tallest canes
could find to assist me in meas
uring the height of the tree.
then bound them together and re
turned to my family.
"Do o mean to keep thl
great hungry bird Fritz ha'
brought?" said my wife, 1T i
another mouth to feed, remember
and provisions IRE still scarce"
Luckily" l replied, "the flan
lingo will not eat grain like GU
poultry, but will be quite sat1'
fled with insects, fish, and littl
crabs. which it will pick up TO
itself. Pray reassure yourself
therefore, and let me e to tn
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1930-03-21

moor birds wound"
So saying, 1 procured some WINE
and butter and anointed the WING
which though hurt was not orok-
en-. | bound it up, and then TOOK
the bird to the stream, Where l
fastened it by a long cord to a
stake and left it to shift for rtseil'
In a few days the wound was
healed, and the bird, subdued Dy
kind treatment, became rapidly
tame.
While was thus employed my
sons were e~ndeavoring 10 asce''
tain the height of the lowest
branch of the tree from tne
Ground. They had fastened togetn-
or the long reeds I had brought
and we're trying to measure n
distance with them, but IN VAIN
thav soon found that were the
rods ter times their length tneS
could not touch the branch.
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1930-03-21

for buyers to gaze upon and re-
moving the stocks of reserves
from the farms.
However, the local elevators
are still faced with a loss by sell
ling on the open market n TO
save themselves they must ac-
quire membership in some coop
erative organization such as the
Farmers Union Terminal assoc1a-
ton.
The Farmers Union Herald al
so states Elevator associations
which are members of the Farm
ers' Union Terminal association
are by such membership hooked
I'D with the Farmers National
Grain corporation and the Stabil-
ization corporation. Such elevator
associations are protected, ana
may make quick adjustments to
changes in plans OF rules because
they may be reached by telegraph
or telephone within an hours
time" Farmers Union Herald.
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1930-03-21

ing in their interests.
Under this situation, it is most
unfortunate that the country Is
being flooded with propaganda
Chicago, Minneapolis, Kansas City
and other grain centers-and from
some financial interests also
against cooperative marketing and
e~specially against the grain CO.
operatives"
perhaps one of the most ex-
~traordinary Of these efforts is the
campaign being waged against the
Canadian Wheat Pool, evidenced
by a recent article by James II.
Bowie. reprinted by that old time
friend of all opponents of the
farmer. the Minneapolis Chamber
of Commerce"
"The Farm board is composed
of strong men and they should
be given every chance to func-
ton. They should have freedom
of action"
GD6dhlllS ClOlS NAN
Senator Gerald P. Nye said This
is a crucial hour. Part of the
grain trade is taking advantage
of every unfortunate natural con-
dition TO stage an unprecedented
hear raid on the market, hoping
TO discredit the Federal Farm
hoard once and for all. The Farm
board is doing the right thing
and doing it bravely. / a MOI
understand how any true friend
of the farmer could do otherwise
than support the board to the
! limit.
1.-THE entire success OF this
movement depends entirely upon
the dirt farmer and success means
the placing OF agriculture on a
basis Of economic equality with
other industries.
1.-The farmer can secure a great
er cash advance in the form OF
a LOAF at Farm board stabilized
prices than he a receive by
selling for cash. In addition
through the farm storage law
passed in North Dakota and Mo
tana. he can secure said loan
and still keep his grain away
from the terminals, thereby avoid
ing a glut on the market.
"As stated in the Farmers TN
ion Herald You can borrow more
money with all costs, storage, IN
~terest, handling charges ant
freight taken out than you car
GET on a cash sale at your ele
vator. A cash advance or Loan
is really a conditional sale. i
is a guaranteed price at deliver!
time, you get the increase l
the price at the time of deliver,
is higher than the stabilized o
loan price"
In recent days the Farm boar
rescinded it's restricted buying OF
der. 1t will no longer buy whea
at Farm board loan prices. Chan
man Legge explained that tn
cash purchases of wheat at tn
Farm board prices was causini
a rush of wheat to terminal mark
cts, congesting them and placini
the wheat Of North America Il
the show windows of the worl'
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1930-03-21

home with a band of sheep. They
reached home Friday.
A dance was given Thursday
night at the schoolhouse of Dist.
No. 4. The crowd was not large
because of weather but those
ese reported having a good
time.
Mrs. Ernest Penrose visited at
Browns on Sunday afternoon.
Dalton Brown went to Circle
Friday.
Clifford Garoutte attended the
dance at No. A Thursday night.
Mr.. and Mrs. Earl Lingle and
family spent Sunday with Mr..
and Mrs. Wrily Adams.
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1930-03-21
Shade Creek
3 q Z 4 < 4 Z 4

x y Z z = q Z u z z = q - 4
Nina Resech is spending this
week with Miriam Brown.
Mr.. and Mrs. Geo. Lingle spent
last week at their w home tour
miles west of Illmont.
Chas. Cook and B. H. Berry
made a business trip to Circle
Wednesday, returning home on
Thursday.
John Aam called for their mail
Sunday. He received a letter re-
porting the serious illness OF Mrs
Aam's brother who lives at st.
Paul.
Earl Lingle and his father
started on Tuesday to meet Da'
vid Lingle who was on the road
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1930-03-21

& q Z q & Z
The Washington times., 1930-01-06

Kabibble Kabaret-By Hershfield
o su,sA l
pEAR MR.NcAeAeOAG<
IS Love BLIND ? LOUISE z
I DokS'T kHNoW = HOT " SERSAINIv
OPENED ny EHES ...