davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-08-27
Lead Upwad Dve Holiday ADers Spectator
EAT ON STANDS
BAKER FIRE

YOUNGSTOWN, Ohio, Aug. ~
QN.S0 Once again the oft-re.
peated story Of the Youngstown
Sheet and Tube Company merger
with Bethlehem Steel Corporation
was told under cross-examination
in common pleas court here today
this time from the viewpoint Of
Cyrus 8. Eaton. so-called "chani.
pion Of midwest industries" who
bitterly opposes the consolidation.
For three successive court days,
Eaton has withstood the piercing
cross-examination Of Newton D.
Baker, counsel for sponsors Of the
merger, regarding the intimate de-
tails Of his financial activities,
which Baker claimed was neces-
sary information to test the good
faith" Of the witness in opposing
the steel union.
The testimony has revealed in
minute detail Eaton's methods in
the formation Of the Republic
Steel Corporation.
The Washington times., 1930-08-27
WALL Street
Hears

That international AGricul-
.tural (1GLl will make . good
earnings showing. Preferred 10
being bought in anticipation.
That Packard (PAK) earn.
ings are under dividend re-
Quirements.
That shorts were caught in
General Bronze (GLZ) when
they attempted to cover after
dividend was cut.
That Radio (R) and its cous.
In RadiO-K Keith Orpheum (RK
o. accounted for an eighth Of
last weeks total sales on the
"BiS Board"
That LOews (LW) manage
ment has replaced some Of the
stocks they sold to Fox (F) 1t
12O ut less than half that price.
LW has risen more than 10
points in . week, in anticipa.
tion Of $40 a share earnings.
The Washington times., 1930-08-27
Here and There

One Of the most powerful bank.
ers in the city is said to have
bought q big block of Eastman
Kodak. Eastman is one Of the
best stocks on the list and how
it can step.
Grigsby Grunow is said to be
under accumulation by q group
that plans to give 1t a ride when
Radio gets its Compromised play.
Strength in Byers is attributed
to buying by Pittsburgh interests.
U. s. Cast Iron Pipe Is reflecting
the accumulation that was
pointed out here last week. 1t
should work higher.
There has been more good
buying in Liggett and Myers.
Weakness in National Cash
Register was accompanied by the
rumor that the dividend was in
danger. Earnings we're below
dividend requirements in the first
six months. I hear, however,
that the regular So payment will
be made and that insiders have
been picking up the stock.
The Washington times., 1930-08-27
Bear Drive Is Called
Stabilizing Factor
In Markets Action

by both Federal and State Gov.
ernments to overcome the uIem.
ployment situation and definite
building program sponsored by the
present administration, 1t Is an.
ticipated that q certain amount
Of the depression due to this stt1-
alton will be cleared away I !
Efforts to clear away the wreck
age caused by the prolonged
drought are being made by o
special commission appointed by
President Hoover. They are aided
in this work by the various State
governments.
Production, WEIGH has been held
up for many months due to the
large inventories, is now being
speeded UP. Almost every line ~
commercial enterprise has been
forced to renew its stock due to
the depletion which the buying
public has made In the supply
on hand. This will aid not only
the manufacturers, but will CIT
into the number Of unemployed.
The market will head upward
as soon as the definite signal is
received from the business field.
Until then it will be held in
check, making only slight I'd.
vances and falling back to sound
levels ct the first sign Of weak
ness. That, at least, is the opin.
ion Of experts who for years have
been forecasting the action. .,of the
stock market.
The Washington times., 1930-08-27
BAT Ties
FOR PROXIES

Gerard M. Dahl, chairman Of
the board Of the Brooklyn-Mar
haitian Transit Company, has be.
gun an aggressive drive to break
the I1terborougt Rapid Transit's
long opposition to participation In
unification conferences with city
and state officials.
Indication Of Mr.. Dahl's fight
against the Interboroush was
seen yesterday in the receipt by
holders Of voting trust certificates,
representing common stock Of the
Interborough, Of requests to send
their proxies to the protective
committee headed by Mr.. Dahl.
The proxies are to be voted at q
meeting on September 10, when
three new directors, representing
certificate holders, are to be nom
mated.
Frank Hedley, president Of In.
terborough, and Frank L. Polk,
who represents the present man.
agement, also sent out. re.
quests for proxies. It is under
stood that the Dahl group will
name q third voting trustee at the
September meeting.
The Washington times., 1930-08-27
BY JOHN Z. NEvTN. JR.

Tl.s attack on leading stocks
in o recent session Of the New
York Stock Exchange Is taken BY
local bankers to be CONCLUSIVE
proof that the market Is adopting
q policy Of soundness. For some
weeks now stocks have been ad-
varcing toward new levels without
the support Of business generally.
The drive by the bears is looked
upon as stabilizi11g means.
Business leaders all over the
country do not look for recov.
cry in the stock market until
after q definite trend has oeen es-
tablished by commerce and bust.
ness. AS soon as this has been
firmly fixed the upward trend OF
the stock market win be In full
swing.
The attack recently affected
the values Of q large number Of
stocks but all through the session
the chief characteristics Of the de-
tense was the firniness with
which market leaders met the
thrusts. Especially 50 was this
true in the orderly recession OF
u. s. Steel. the bell.wether Of
the entire market.
Brokerage officials and bank
ing men in Washington look for
definite turn toward the bet
ter as soon as the Labor Day
holiday Is out Of the way,
With every effort being made
The Washington times., 1930-08-27
LOCAL STOCKS

FURNISHED by ". 3. Hibbs 4 Coz
SALES
washington Gas SIS, $4,000
104, $1,000 104.
Capital Traction Company, 10
062.
Mergenthaler Linotype, 5G97A.
Real Estate Mortgage and Guar.
antee, preferred. 200061a.
AFTER CALL
Washington Gas SIS A, $1,000
1921.
Potomac Electric 51as preferred.
501081a.
Potomac Electric IS preferred,
50110.
Capital Traction IS, $500093.
Columbia Sand and Gravel pre-
ferred. 49S9.
Washington Railway and Elec.
trio Is, $1,000@89K.
Capital Traction Company, 10
@62A. ...
The Washington times., 1930-08-27
BUSINESS CUE
AWAITED
BY LEWIS HANEY
Director New York CniYerSity. Bureau
Of BusinesA Research and Former
Economist Of Federal Trade

OIreCUOr new IOEA GHlYetBAEy. 0ure4V
Of Business Research and Former
Economist Of Federal Trade
Commission.
The market now seems to be
on q dead center. There Is moth
ing to it but the pulling and
hauling Of professional operators.
On the one hand, is q strong
bearish party. They do not talk
much, but they are retaining
their positions, and the number
Of stocks lending flat" has not
changed much. The little shorts
ran to cover a week ago, but
that was all.
On the other hand, those who
have long been carrying at loss
the old market leaders (such as
General Electric, American Can,
Steel, and many utilities) are
still sitting tight. These include
many poorly situated Investment
trusts" e.
just now the two parties are
waiting and holding. They are
in a clinch. They are keeping
an eye on business conditions and
the probable trend Of corporation
earnings. Will the seasonal re-
covery this fall amount to much?
Will it be up to the normal sea
sonal expectations? That is the
big question.
If business picks up in any
vigorous fashion the bulls will
break away and get in their
punch. # 1t does not, the bears
will win. Meanwhile, there is
nothing to break the speculative
clinch, and it looks like pro
fessional trading market with
most of us on the sidelineS. The
market will not do much In
either direction until August bust
ness news is clear and the pros
poets for September can be esti.
mated.
There has not been much to
the rally except short covering
and pool operations in a few
mystery stocks" The prompt
loss Of momentum in the rise
shows the former. The volume
Of trading last week was only 8.S
million shares or about 2 million
less than the week before. The
most active stocks were Radio,
Vanadium, Radio Keith, etc.
One of the few cases Of sound
activity was General Motors.
Some observers profess to like
the tapering off in brokers' loans.
To my mind what this means Is
as follows: In the first place, 1t
shows a very small speculative
interest in the market. Probably
when brokers' loans fail off on a
small speculative rally like this
one, it merely indicates lack OF q
following.
In the next place, 1t indicates
short covering and shows that
the recovery was largely based
upon that factor.
The apparent beginning Of Q
liquidation in the collateral loans
of banks Is q step in the right
direction. But how can one get
bullish over a decline in brokers'
loans on a rally in the bear mar.
ket?
The Washington times., 1930-08-27
Oil Well Supply
Deal 'cPrOgreSsing'

PITTSBURGH, Aug. 27.-Offi-
cials of Oil Well Supply Co. re-
turned today from New York,
where they we're yesterday in con-
nection with the U. s. Steel
Corps option to buy the COM
pany. The officials stated salts
factory progress is being made
in the matter, full details of
which will be submitted to Oil
Well stockholders at the special
meeting September 8.
The Washington times., 1930-08-27
Breaking Through

That she ploWS, Sal0 the
Street yesterday as Steel crashed
through 170A, It's old resistance
level, and kept forging ahead on
heavy volume. It was the sig
nal the market was waiting for
and the advance became general.
The Jump of 4 per cent in SteePs
operations turned the trick.
I. declared yesterday that Steel
was in q position to step UP its
output very suddenly at any
time, and that this was likely
before most people anticipated. I
look forward to greater Steel &C
ttvity in the next few weeks, and
I again repeat that I consider
Steel the best buy on the list on
any reaction. It is going to set
the pace for the rest Of the mar
ket.
McKeesport Tin Plate should
do better. The stock Is cheap
on earnings and dividends. Prof.
its for the first half were $5.04
on the common and the company
is expected to do as well in the
last six months. Realization
that drought estimates were ex-
aggerated is q bullish factor.
Gillette
The financial community Is
somewhat puzzled by the fact
that Gillette Is selling about 2
points under Auto Strop. They
were to have been exchanged
share for share in the merger
now under negotiation, it Is un.
derstood. Explanation for this
is seen in the report that the
merger has struck q real snag,
and that it is not price. am
told that an Auto strop official
insists on having the big say-so
in the combined companies and
that Gillette won't listen.
Those bearish on the stock
seem confident, for I hear OF
short lines that expect to cover
at much lower prices. However,
don't 60 short of Gillette. Short
selling Is a dangerous game at
best, especially In this market.
One Of the big wire houses is
bullish on Standard Gas, Stone
and Webster and American and
Foreign Power. The market
action of all three has been
favorably mentioned here for
more than a week, and the last
two were given as the tip Of a
person in the know on the
utilities. I hear that there has
been heavy buying In foreign
power for big Boston interests.
Packard
About q month ago told my
readers that Packard would have
to earn some real money the
rest Of the year to cover its 81
dividend. Now am told that
the dividend Is in grave danger
and that it may be cut if not
passed enGlrely at the me6C1ng OF
the directors early next month.
I hear that several directors
favor omission Of the dividend
until business turns despite the
company's strong cash position.
Profits for the first six months
were about 35 cents a share and
the third quarter Is likely to be
bad due to vacation curtailment.
I hear there has been consider
able inside selling Of Packard for
some time. The stocks heaviness
would indicate this. ANY dividend
reduction by Packard would af-
feet the whole motor list, and I
advise staying away from the au-
tomobile stocks for the present.
I doubt whether they will do
PAAMAAAanam4Anaanana
The Washington times., 1930-08-27
HIGHER PRICES DECLARED
DUE AFTER LABOR DAY
Pre-Holiday Selling Soon, But Will I'M
prove Upon Reopening Of Market
Bx TIE sPECTAToR

though the market started Joy ride Yes
terdays advance conclusive proof Of what have been
telling readers that stocks were headed higher Tor the time
being Their action would indicate that they have farther to 60
Steel news better railroad earnings, and this
should for while The market still goes up mroe
easy than down.
Those who bought stocks at suggestion should hold them
the holiday anticipate higher prices after Labor Day
Others should wait.
Stocks should profttakins and preholday selling
in the day They should be buy then, for do
not believe reaction will 60 far
The Washington times., 1930-08-27
much market-wise for q while
anyway.

The railroad worm" seems to
have turned. The leading rails
held we'll above their lows for
the year even in the heavy sell
ing last week. Earnings are now
telling a different story, as fore.
cast here REPEATEDLY. Even South
ern, the pet target for the bears,
showed q real comeback, in July.
The carriers should do better
from now on. My favorite me-
dium-priced bet here Is Chesa.
peake and Ohio. I consider 1t
one Of the cheapest stocks on the
board, and again recommend its
purchase.
The Washington times., 1930-08-27
Brooklyn Banks In
SI63.OOO,OOO MerQe1

Completion Of the merger Of
the Dime Saving Bank Of Brook
lyn and the Navy Saving Bank,
recently sanctioned by the New
York State superintendent Of
banking, will occur on September
8, when directors Of both banks
meet.
The Washington times., 1930-08-27

ED. dividends.
The Washington times., 1930-08-27
WetmOre, Banker,
Dies in ChicugO

CHICAGO. Aug. ~ UN.S0.
Frank o. Wetmore, SO, co-chair.
man Of the board Of the First
National Bank here, died sud.
denly today Of heart disease at
his country home in Wheaton.
The Daily Alaska empire., 1930-04-16
20 PASSENGERS ON
 s. s. NORTHWESTERN

The Northwestern, Capt. c. V. Westerlund, arrived in port from the south at 2 o'clock this morning. Passengers for Juneau were as fol- lows:
 Horace Adams, Horace Adams jr., M. J. Anderson, L. J. Boardman, F. E. Brown, P. c. Brown, L. A. Dauphiny, Mrs. E. Engstrom, Will liam E. Falconer William Fisher Bill Houlinos, N. T. Keaton, Bob Keaton, Ted Keaton, Joe Kent William Peck, Peter Ringdal, R. w Stevens, William Strong, and R Wetton.
 She remained in port until am when she left for the westward with J. J. Hillard, Ed Holmes, Hen- ri Gulrout, Vern Gustafson and five steerage for Cordova, and two steerage for Seward.
The Daily Alaska empire., 1930-04-16
ADAMS AND SON ARE
 BACK FROM VACATION

After a five-weeks vacation in the States, Horace Adams, accom- panied by Horace Jr., returned to Juneau aboard the steamer North western of the Alaska Steamship Company, of which MT. Adams is Assistant Agent.
 They left here March II and during their absence spent most of their time in Seattle, Aberdeen and Green River. MT. Adams spent some time with his sister in Aber- deen. She was visiting in the United States before returning to her home in Amsterdam, Holland.
 In Green River they visited with MT. Adams's brother. During their stay outside, they were spectators at the Washington-Cali crew regatta on Lake Washington, and were present at the homecoming banquet given for Helene Madison, Seattle girl, who recently broke a number of world swimming records
The Daily Alaska empire., 1930-04-16
ROGERS SAILS FOR
 NORTH AND SITKA

Steamer Admiral Rogers, which arrived in port from the south yes- terday morning, sailed for the Tri- angle Tour at pm. with the fol- lowing passengers from Juneau.
 Mrs. David Thomas for the round trip and south to Seattle; Tom Hall for the round trip and south to Petersburg; Ed Rogers, Charles Fulton, Samuel Hartley MT. and Mrs. w. R. Walton, Billy Williams, John Young, J. G. Chris tenson, Mrs. J. L. Brightman, M. Andrews and Mrs. Andrews for Sit- ka
 Mrs. T. Creese and w. w. Batch eller for Skagway; Mrs. Nellie Shor- ty, Harry Donnelly, Mrs. Leonard Holmquist, Helen Andrews, E. H. Sherman, A. M. Handley, E. H. Myer, Mrs Blanche Harner, Mrs. Francis Klitza, Charles Ward, James A. Young, John D. Ward and Jennie Ward for Haines.
 The steamer is due to return Friday afternoon or evening.
The Daily Alaska empire., 1930-04-16
YUKON HERE SOUTHBOUND
Purser Joe Large Changes Boats Will Be Station
 ed on New Aleutian

l Steamer Yukon, Capt. Charles Glasscock, arrived in port from the Westward at 3:3o o'clock yesterday
 afternoon with the following pas sengers for Juneau:
 H. B. Crewson, Mir and Mrs. James w. Bayne, Albert Vile, Tom Hall, Oscar R. Hart, Fred E. Han : dy, J. J. Meherin, Peter Pappas, Nick Hadoff, Thomas T. Nelson and one steerage.
 i Purser Joe Large left the Yukon i here and went aboard the North western, while his former position on the Yukon will be filled by Purser Wilcox, who left the North western in Wrangell and is there awaiting the arrival of the south- bound boat.
 This change was made for the reason that MT. Large will be sta- tioned regularly this summer as purser on the new Aleutian, which is to sail from Seattle in May on her first trip to Alaska. The Yukon left here at 6 pm. for the south after loading g boxes of fresh halibut, shipped by San Juan, and a consignment of concen- trates for the Alaska Juneau Gold Mining Company.
 Those leaving on the steamer were: Charles w. Hawkesworth, E. Jacobsen, Robert Proper, William Bigoff, James A. Millars, Karl Huse, William R. Garster, Lockie MhKinnon and M. D. Bothwell for Seattle.
 Capt. L. H. H. Jennings, Mrs. William R. Garster, Wendell Daw- son and Mickey Taylor for Ketchi- kan; R. J. Sommers and B. M. Bucke for Wrangell.
The Daily Alaska empire., 1930-04-16
CAPT. FISHER HERE
 FOR ANNUAL VISIT

Capt. William Fisher, Supervisor of the U. s. Steamboat Inspectors with headquarters in Seattle, was an arrival on the Northwestern for a business visit with the local of- fees.
 He will remain here until the Ad- miral Rogers returns, when he will return to Seattle. Later in the summer he expects to return to the Territory and visit the Westward and Interior.
 Capt. Fisher is an annual visitor in Juneau and has many friends here. He declared himself favor ably impressed with the many im- provements made here since the last time he was in Juneau.
The Daily Alaska empire., 1930-04-16
Marine News
Steamer Movement:
NORTHBOUND

NOh AhDOONND . Northland due Saturday. ( Alameda due Saturday. . SCHEDULED SAILINGS ( . Alameda scheduled to sail. from ( . Seattle April Is at g pm. | . Princess Alice scheduled to sail { . from Vancouver April IT at { . pm. . Alaska scheduled to sail from . Seattle April 19 at g am. . Admiral Evans scheduled to . sail from Seattle April B at . 10 am. . Yukon scheduled to sail from . Seattle April 26 at 9 am. . SOUTHBOUND SAILINGS . Admiral Rogers is scheduled . southbound Friday afternoon . or evening. . Admiral Watson is scheduled
 Q southbound about April "A. . Northwestern scheduled south . bound April g. . LOCAL SAILINGS
 MaA gnita scheduled to leave |
 for Sitka and way ports at . 6 o'clock Thursday night for . Skagway, starting Sept. IT. . every other Tuesday.
 America First leaves every
 Wednesday at 1 p. m. for
 Petersburg and Rake and way ports.
The Daily Alaska empire., 1930-04-16
26 PASSENGERS ABOARD ALAMEDA
 FOR THIS PORT

SEATTLE, April 16 Steamer Alameda sailed for Southeast Al aska ports last night at g o'clock with l66 first class passengers and 32 steerage.
 The following passengers are booked for Juneau: Count George DuBarry, Mrs. V. Burns, c. F. Wyllen, Mrs. H. w Parker and baby. N G. Nelson, Mrs M. Walloe, Harry Steele, Mrs. W. Gillian, Mrs. F. Smith, Fern Smith, Tex Smith, J. w. Sarn, Ted St. Pierre, Mrs. c. McGhee, Mrs. R, Boroff, Juanita McGee, and nine steerage.
The Daily Alaska empire., 1930-04-16
'MARGNITA RETURNS; SAILS TO SKAGWAY

The Margnita, Capt. Severin n
 Swanson, arrived in port from Sitka land way ports at o'clock this
 morning Passengers for Juneau included John Jones from Sitka;
 John Hirsh. John Nystrom, A. A. Fraser, Jack Rice, Anay Schiff, from Tenakee; J. w, Felix and
 James Donahue from Funter Bay. She left before noon for Skag- way. Capt. Swanson said he would Ireturn here tomorrow in time to leave for Sitka on regular sched- ule, 6 D. m.
The Daily Alaska empire., 1930-04-16
MORE HERRING IN

The wilson, Capt. Martin Hoist, returned from Tee Harbor this morning with another full load of herring. This is two trips she has made in as many days, with ap- proximately 200 barrels each voyage.
The Daily Alaska empire., 1930-04-16
DIXON SELLS HALIBUT

The Dixon, Capt. Emil Samuel son, arrived in port from the hali- but banks this morning and sold six thousand pounds of halibut to New England for 10 and 5.30 cents.
The Daily Alaska empire., 1930-04-16
ATTENTION TENNIS PLAYERS

The Courts of the Juneau Tennis Club located at Gold Creek art maintained at the expense of mem bers of the Club and the right tt use such courts is confined strictly to Club members. New memberships will be vel comed.
 -ady. JUNEAU TENNIS CLUB
The Daily Alaska empire., 1930-04-16

PRINCE RUPERT, B. O., April
 16.-One hundred and fifteen thou sand pounds of halibut were sold yesterday. American fish sold for
 6 and 13 cents and Canadian for
 5 and 107 cents.
The Daily Alaska empire., 1930-04-16
EQUATOR IN PORT

The Equator of the Star cannery in Ketchikan, arrived in Juneau this morning.
The Daily Alaska empire., 1930-04-16

Painting and Kalsomining. First
 class work guaranteed. Telephone 396. adv.
The Daily Alaska empire., 1930-04-16
TIDES TOMORROW
HALIBUT PRICES

SEATTLE, April l6.-Seventy-two thousand five hundred pounds of halibut were sold yesterday for 12 and 24ia cents.
The Daily Alaska empire., 1930-04-16

{ FOR RENT-Three room furnished
 house. Bath. Telephone 183.
The Daily Alaska empire., 1930-04-16
FOR RENT

FOR RENT-Nicely furnished steam heated room. Corner 9th and Franklin. Telephone 133.
The Daily Alaska empire., 1930-04-16

FOR SALE-28 Chevrolet Coupe. Extra tire, Good condition. A snap. Telephone 129
The Daily Alaska empire., 1930-04-16
FOR SALE

FOR SALE-Overhead Door Cor poration Garage Doors of Alas kan Sitka Spruce. E. L. Samp- son, Ketchikan, Alaska, Agent.
The Daily Alaska empire., 1930-04-16

-adv. JUNEAU TENNIS CLUE
The Daily Alaska empire., 1930-04-16

FOR SALE-Baby Sulky. In first class condition. Telephone 1903.
Imperial Valley press., 1930-11-24
WITHDRAWAL OF
PRICE BECOMES
MORE THAN HINT

BERKELEY, Calf, Nov. "a. U.P)
Reports that "Nibs' Price had
coached his last game at California,
rife for month, we're given re-
neWed impetus today at several
sources.
Though neither of the principals
would confirm or deny 1t, dozen
versions of one incident conceded
in this cSscntial-that Price told
Pop" Warner after the big game,
! when he congratulated him on his
victory;
We'll Pop 1 guess it's the last
time"
Price himself refused to discuss
| The matter and William Monohan,
, graduate manager at California,
said:
II have received no resignation
from Price, nor has he privately
informed me Of his intention to re-
sign
On the campus, the militant
Daily Californian. presumably tam
ed by The withdrawal of Editor Ar
thur hr!ctt, resumed its critical at
titudc in today'S edition.
we must do our own houseclcan-
ing and do it thoroughly" said an
editorial when car breaks
down it takes a mechanic to fix
it. We want this situation reme-
died and now is the time TO start
laying the foundation for future
successes.
We do not know what condl-
tions made for that defeat Sat,,r-
Gay, and an investigation should
reveal all the handicaps of both
coaches and players"
One report was that Prices res
ignation was to be made public first
at the team dinner in early Dec
cmbcr. when a 1881 captain will be
elected