davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-09-29
$4,000 Shares Sold
To Foods EmDLOUes

NEW YORK, Sept. % More
than $4,000 shares of General
Foods Corporation stock have
been subscribed by employees. &C.
cording to Louis A. zahrn, treas
urer.
The shares were paid for
through monthly deductions from
salary, and do not include stock
bought privately by employees nor
that held by executives of the
parent company and It's Is sub
salaries. he said: More than so
per cent of the employees eligl.
BILE subscribed.
The Washington times., 1930-09-29
NeW Natural Gas
PiDeLine Under Wnu

Victor Gas Company, subsidiary
Of Duquesne Gas Corporation, is
constructing a pipeline in Fayette
county, Pa, which will enable the
producing corporation to increase
its sales Of natural gas to the
Mononngahela West Penn Gas
Company, a subsidiary Of the
West Penn Electric Company
with which Duquesne Gas Cor
poration has a gas sales contract.
The Washington times., 1930-09-29
B. e 0. Reports
Decrease in JuLu

The Baltimore and Ohio took
up in July, 1929, the back mail
pay amounting to $1,331,824, &C.
cruing in previous periods, as au'
thorized by the Interstate Com.
merce Commission.
AT $3,649,0 ,079 the net railway
operating income in July, 1880
shows a decrease of $1,529, 1858, of
which 1881, 1924 is accounted for
by the back mail pay, included
in the July, 1929, figures. leaving
$198,O44. The decrease in seven
months was $6,297 1853.
The Washington times., 1930-09-29
Sidelines Called Best
For Traders
By LESLIE GOULD

The stock market, except Tor
one or two breathing spells, has
been declining steadily for the
last two weeks. All the ground
gained this summer has been lost,
and recently the lows reached in
the break Of. last June were
reached.
The average price for 80 indus.
trial stocks at last nights close
was at $213.27. The low point Of
S2l1.84, reached last June, prob
ably was touched in the early
afternoon Friday, as closing prices
were above the lows for the day.
Two weeks ago the average price
stood at $241.l7. The average de-
cline in the two weeks, therefore,
has been $27.90.
The drop has been accom-
plished without wide-open break
in prices. The decline has been
steady and persistent.
II Was Good Advice
In the preceding two weeks
that Is. the first two weeks of
September-the market made no
headway. 1t finished weeks right
around the closing levels of the
preceding week. On Saturday,
September 13-two weeks ago
before this present decline got
under way, this column stated:
This the markets failure tn
make headway is not indica.
tive Of q sustained advance
starting from current levels. II
the public will only continue to
sit on the sideTines for a few
weeks longer its patience no
doubt will be rewarded. The
nimble trader may garner n
few points here and there In
the next week or two, but the
risk Is not worth the candle for
the average individual.
There Is no need to reach
for stocks now. In fact. the
safest course is to take profits
and watch for buying OppOr-
tunities later"
While prices have since come
down, the market outlook con-
tinueS to be confused and ;he
safest place continues to be the
sidelines for the average indivld-
ual trader. The breadth and ex-
tent of the decline, however,
indicates at least technical Stabil-
ization Of the market is due.
For those itching" to get in
and buy, the only thing to do is
to buy on weakness, but not on
any account follow up recoverieS.
These people might well look be-
fore they leap and study the list
of stocks in the next column CIV
ing last nights closing, the net
change from the record levels of
a year ago and the current divi-
dend yield of these stocks.
The old. tried and true yard.
stick of yield and earnings ratio
still seems to hold good.
Some Drastic Changes
The following list shows the
closing price a week ago and
last Friday of a representative
list of stocks and their net
change:
The Washington times., 1930-09-29
RALLY DUE IN FEW DAYS,
SPECTATOR DECLARES
Low Prices of High Grade Issues Leads
Market Expert to Forecast Uprising in
Prices; Caution Advised
NV THE SPECTATOR

Wall Street enters week with optimism at low ebb
Perhaps this for universal bearishness in the
past has been the turn universal bullshness
was of danger.
After all stocks can't go down indefinitely, despite what
great to think At least not without rallies
from time to time The market seems near being oversold
rally should develop in the next few days However be
patient Watch the market today and see how 1T acts More
selling the cards from impaired marginal accounts
and frightened holders of stocks Don't rush IN until the selling
shows signs of reaching q climax.
The Washington times., 1930-09-29
Local Stocks

FURNISHED by W. B. Hibbs & Col
SALES
Washington Gas SIS, $4,000
1041a.
washington Gas IS A, $1,000
1O2H, $2000102A.
Capital Traction Company, 100
58A, 1O058H, 1O@58H. 100
E8A. 10Q58A, l0@5SA, lO@5S,
1O058.
Potomac Electric 5la per cent
pfd., 4@108A.
washington Gas Light, 100 122,
b0125.
Bank of Bethesda, 1O05S.
Lanston Monotype, 10@114h,
6@1141a, 10@114, SOFIA.
Merchants Transfer and Storage
Company, 100 1924: 100 1924.
Mergenthaler Linotype, 10@95;
1O09S; 10@95A.
AFTER CALL
Mergenthaler, 2O@953s.
washington Railway and Elec-
trio, pfd., 5@98R.
CaplCal IracC1on Company, I
@5S.
Capital Traction, IS, $500@923s.
National Mortgage and Lnvest-
ment, pfd., 20005.
Washington Gas, SIS, $4,000 los.
Capital Traction Company, 8
@5S; 10@58; 10@58: 10@58; 10
@6s; 1O@5S; 1O@58; 1o@58;
1005S.
Washington Railway and Elec-
trio, pfd., 1O098.
American Security and Trans
fer Company. 10@38S.
National Mortgage and I1vest-
ment, pfd., 2505; 25@5; 1905.
Anacostia and Potomac r. r.,
5s, 1,000@95h.
The Washington times., 1930-09-29
Michigan Steel .
!. Offer Is 98R Sold

More than go per cent Of Mishi-
gan Steel Corporations common
offering was subscribed for, it was
stated today. Common Stockheld-
ers of record August "a were Of
fered right to subscribe to one
new share of common at S43 for
each 10 shares held.
The Washington times., 1930-09-29
International Nickel

1nternational Nickel is back
near its low for the year. It's
weakness is a natural reflection
Of the drastic deflation stocks
have undergone in the last two
weeks, but Is likewise due to anti
cipation of q poor third quarter
earnings report.
I am told by interests close to
the company that Nickel will
show shout Is cents a share for
the current three months. This
would make earnings for the nine
months about cents a share, In.
S1ders, however, don't expect the
stock to break 20, anticipating re-
neWal of investment buying from
English and Canadian sources.
Those close to Nickel are still bull
lish on its long term prospects and
have begun buying the stock on a
scale down.
More liquidation is coming
into the market, hear. Trusts
are continuing to clean out their
portfolios while out-of-town banks
have started 1iquidating impaired
accounts, ! am told. An en-.
couraging sign is the disposition
of banking interests to support
leaders like Steel, Can, Telephone
and Consolidated Gas on a scale,
There Is also some renewal of
investment buying.
Bargains
One hears on all sides these
days that stocks are still too high
on the basis of yield and earning
prospects over the next year.
Returns on the best stocks during
the postwar depression are cited
to substantiate this assertion.
Yet at a glance the list reveals
that many stocks Of real worth
and possibilities are now ON the
bargain counter. Chrysler at 20
seems cheap position to take in
the automobile industry.
United Corporation in the 20's
gives the purchaser some of the
finest utilities in the country,
like Consolidated Gas, United
Gas Improvement and Public
Service of New Jersey. The basic
steel industry offers a real bar
gain in Republic Steel, now sell
ing around 26. Republic is the
third biggest factor in the steel
industry, and should work out its
consolidation problems by next
year.
Allegheny, selling at 10. has
some Of the nations finest rails
in its portfolio, two Of which,
Chesapeake and Ohio and Mis-
souri, Pacific, made real money
despite the depression this year.
The Washington times., 1930-09-29
Financial Market Ne Stocks Bonds Commodities and Comment
Local Bank Deposits

The following figures are of deposits in washington
banks prepared in answer call by the Comprouer OF
Currency The deposits M Of business September
"a In comparison with the previous call:
The Washington times., 1930-09-29

And so on through the list. There
are plenty Of bargains around If
you look closely enough, but Of
course you will have to be
patient and look to the future.
Freeport Texas Is down to the
level where inside buying took
place during the June break. The
stock looks cheap below 40. The
company has started an aggres'
sive expansion program. Earn
ings for the six months were
$3.50 a share. I hear the S4
dividend is safe, but even a slight
cut would give good return
considering current cheap money.
A Good Suggestion
Something really constructive
to help the world solve the cur
rent depression is offered bv
Rene Leon, downtown broker. He
blameS a good deal of the current
ills on the abnormally low prices
for silver, pointing out that
silver represents the purchasing
power for a billion people
throughout the world.
He recommends concerted inter-
national action to remedy this
situation. This stand is backed
up by the projected silver insti-
tute in a current survey. The
analysis stresses the Importance
of trade with the orient not only
to this country but to many
European nations. The suggeS-
ton seems sound. for any revival
of purchasing power in one part
of the world will undoubtedly
start the wheels of prosperity roll.
ing all around.
This brings up International
Silver. The stock has undergone
deflation along with the rest of
the list and is now selling around
its low for the year. Earnings
have been adversely affected by
the depressed silver situation.
Any turn will be beneficial. The
company has good record and
excellent management.
Here and There
= National Cash Register A is
meeting inside buying on scale
down. I am told the stock is not
likely to break 40.
Consolidated Gas meets good in.
vestment buying at 100. It would
be a good buy If it breaks this
level.
Good oil stocks are getting cheap
Jersey would look attractive
under so.
Penick and Ford has been stub
born through the entire reaction.
The Washington times., 1930-09-29

Public Utility Bonds
Amer Tel & Telga 4las '33 101 ,,.,
Amer Tel & Tel 4hs '39 1sS .,
Am Tel & Tel C't'l Tr 5s. 1861
Anacostia & Pot r r IS. S2hl...
Ana a Pot Guar 5s... % 81
c q p Tel of Va IS. ..lO2k...
Cap Traction r r 6s..., 92h %
city & Suburban 5s..... SOh So
Georgetown Gas 1st SIS =. l1O4 49,.
Potomac Elec Cons .l1O2h II82a
Potomac Elec SIS 1858. los 49,.
wash Alex Mt CT ~ = ,...
Wash BALTIC & An Ss. - a. So
Washington Gas S. ..ll04aI.,
wash Gas IS Series A. .l102& l1o3A
wash Gas SIS series B.. 1es los 4
Wash Ry q Flee u ...... ssh 90
Imperial Valley press., 1930-12-08
STANDARD RULES
OF ETIQUETTE

Question What is the proper pro-
cedure in boarding a steamer?
Answer: The passenger is met at
the gangplank by a steward who
will take charge of the luggage and
who, upon being told the cabin num-
ber, will secure the key from the
purser, and will show the traveller
to his cabin or stateroom, slowing
the luggage. Tips for this service
range from so cents TO dollar uSu-
ally, according to the amount OF
luggage.
Seats in the dining salon are as
signed at the purser office and at
this same office, valuables may be
left for deposit in the safe.
The deck steward is III charge OF
renting steamer chairs and rugs, and
arrangements for a daily bath are
made with the bath steward if the
traveller has not private bath OF
his own. 1t is wise to make all these
arrangements early.
On small liners, steward delivers
mail and packages in the lounge or
dining salon and the traveller calls
personally to receive his farewell
messages. On larger liners mail.
gifts and flowers are distributed 70
the cabins before and after the
steamer sails.
Imperial Valley press., 1930-12-08
Items OF News
About Town

DR.. and Mrs. L. c. House and
Dorothy Lou Gillian have returned
from Los Angeles. where they at
tended the u. S. C.-Notre Dame
game.
Mr.. and Mrs. Mont j. Reid and
family were among those who spent
Sunday in the mountains.
Carleton d, Joy has returned from
Los Angeles, where he saw the U
S. C.-Notre Dame game.
Other El Centrans who attended
the game in Los Angeles Saturday
were Mr. and Mrs. John B. McNeece,
Mr.. and Mrs S. O. Lingo are leav-
ing today for Los Angeles, where
they will attend to various matters
of business.
Mrs. M E. Ellis has recovered SUIT
ticiently from a recent illness to be
able to return to her post at the
local Bank of America office.
w. e. Simmons and H. l.. Slaugh-
ter u the Kapehart Company OF
Fort Wayne, Indiana. are expected
to arrive in the valley tomorrow
The company manufactures musical
instruments and Slaughter is the
representative for this territory. Mrs.
Slaughter makes her home in Ell
Centre. where she is connected With
Mrs Lingo'S Smart Shoppe.
Mrs. Bruce Parker was visitor IN
e. Centro today from her home IT
CaleXico.
Harry Brown was here today from
Holtville on a business trip.
Mrs. Roy Bonner came to Ell Centre
from Calexico today on a shopping
trim
Imperial Valley press., 1930-12-08
v iNtitiiittitiii

In order TO assist the worthwhile
relief work that is being carried on
by the Salvation Army and the Red
Cross, Henry. Mildred and Marian
Marcot. talented children OF Mr.. and
Mrs. NJ. Marcot Of this city. have
offered their services for a benefit
concert to be given Oh December ~
in the Wilson school auditorium. the
proceeds from which will be devoted
TO the two organizations.
Mr. and Mrs. John c. Canton II
addition, are cooperating in this re
lief work and will help IN arranging
the program. Not only is the cause
worthy Of the support OF every clE-
zen of the community, but the con-
cert itself viii prove highly enjoy
able to those attending who viii
more than receive their money
worth.
Both Mr.. and Mrs, Canton need
10 introduction 10 valley audiences
and their presence alone assures a
tine concert. while the Marcot chill
Cren are unusually accomplished
musicians and viii present a pro-
gram that II Will be hard to rival.
Henry plays the violin exception
ally well for a boy OF his years. ana
his two sisters are equally fine plan
lists. All three have been studying
under splendid teachers IN Los Ar
geles and have made marked prog
ress. El Centrans who have heard
them in concert before know that L
will be no amateurs performance
Imperial Valley press., 1930-12-08
Moose To Have
New Lodge Home

Long disused, the old Tulane thea
ter building on Sixth street will be
remodeled soon to fit the purpose OF
lodge room for the Moose lodge
in Ell Centre.
The floor of the theatre. which
has remained just as it was when
the last show was given there, will
be torn up and new hardwood floor
laid. The interior Of the building
will be entirely redecorated to III
the needs of the lodge.
This became known today when
Clark and Markham, building con-
tractors. took out a building permit
in the city engineers office for the
reconstruction OF the floor. This
work alone will cost $500, according
TO the permit issued. Frank G.
Green is owner of the Tulane thea
ire building.
Imperial Valley press., 1930-12-08
MISSIONARY GROUP
PRESENTS PROGRAM

A splendid program was presented
last night at the Christian church
under the auspices of the church
missionary society of which Mrs. A.
= Graves is the president.
The program was . p&rt Of the
national celebration of women's day
and the local group presented an
interesting play whose theme was
the story of Christ as presented to
the various nations of the world.
Effectively portrayed by cast Of
%, including children, a high school
group of girls and women OF the
missionary society, the playlet was
well staged and costumed, num-
ber of the nations being represent
ed in costume.
Musical numbers from a quar-
tette as well as soloists added to the
enjoyment Of the evening and the
group is to be congratulated on the
success of the program. A large
number of church members and
friends were present to witness the
production.
Imperial Valley press., 1930-12-08
HARCOT CHILDREN TO GIVE BENEFIT
CONCERT ZOE RELlEE OE LNEMPLOIED
= Aiit1iStiiiiitiiii

! that will be presented, but rather
one Of 4 finish and technique tina.
far older musicians may we'll envy
Both the Salvation Army and the
f Red Cross are doing much along the
line Of civilian relief The Army
with rs soup kitchen. fed over 500
needy in The past month and pro-
yided sleeping quarters Tor a large
number. while the Red Cross has
been equally busy in securing aid To-
the unfortunate.
Civic examinations OF the clJy are
endorsing the project whole heart
edly. the ElkS club having promised
its cooperation. while the Junior
chamber Of commerce is planning
TO send its representatives to every
club this week, asking their cooper
alton. The matter Is to be present.
ed 10 the Woman's Ten Thousand
club fo- approval, and the Elite
printing club has signitied lis en-
Gorsenent in highly practical man
ner by giving the tickets and the
programs. b NJ Gruwel. city
superintendent Of schools. las given
the school for the concert. and with
these organizations backing it, the
benefit should prove an unQuah-
fled success.
Those in charge Of the concert
ask tbs cooperation OF all the cit-
zens Of the valley, for the benetu
will assist q worthy cause, and from
q selfish motive alone. IS Of inestim-
able community benefit. since those
in need of food will go to any
length TO obtain it.
Imperial Valley press., 1930-12-08
PRESIDE At PRETTY
DINNER AND BRIDGE

yellow and green decorations
featured an attractive bridge din
ner given Saturday evening at the
John T. Waterman ranch by the
Misses Alta and Alice Waterman
who entertained 4 group OF their
friends
Covers at the daintily appointed
tables were laid for the Misses
Ruth Wlliteiaw, Sarah Couch, Opal
Hill, Peggy WhitelaW, Marjorie
Spear. Betty SouthworCh. Thelma
Jenkins, Lucille Miller, Shirley Mae
Cary. Virginia Hetzel and the host
esSeS.
After the delightful dinner the
girls spent the evening in bridge,
the prize for high score being pre-
sented to Miss Shirley Mae Cary,
thai for second to Miss Peggy
Whitelaw. while Miss Marjorie
Spear received the consolation
pliZe.
Imperial Valley press., 1930-12-08
Mail Should Have
Return Address

All mail, whether it be advertiS-
ing, business or personal, always
should be marked with a complete
return address but especially SO dur
ing the holiday rush, according to
the postmaster
Recently advertising matter from
local firms was sent to the dead let
ter office on account Of incomplete
address and no return directions,
the postmaster explained The
money spent on advertising thus
was wasted. A return address would
have saved it"
Last year 1000 pieces OF mail were
sent the dead letter office from the
El Centro office alone. In the Unit
ed States the total for 1929 was
placed at 25,000,o00.
Imperial Valley press., 1930-12-08
Social Brevities

Monday Signal school is planning
another of the enjoyable dances at
the school house for Friday evening
7 December II at O'Clock These
dances have proven very popular
and It is anticipated that Friday S
will rival the success of the others.
Federated club women in the
valley have received their copies
Of the December California Fed
GRAFTON News. the official organ Of
the California Federation of Wom-
ems clubs. The December number
! is unusually fine and is being read
with much interest as it contains
much OF value and inspiration.
The Barbara Worth will be the
scene tomorrow of the regular
meeting OF the White Shrine Social
club which will hold its usual
luncheon and bridge game. Lunch-
con will be served at 1890 in the
dining room and will be followed
by bridge on the mezZanine floor.
The local unit of the American
Legion Auxiliary will meet tonight
at 8 o'clock in the Country Club
Inn for an important business ses-
sion. Plans for the Christmas
work and dedication of the flag are
among the events scheduled for
the evening.
Rt. Rev Robert B. Gooden. D. D..
suffragan bishop of he diocese of
Los Angeles. WI be guest of honor
at the annual parish dinner of St.
Paul's Episcopal church to be held
tonight at $50 in the parish house.
Members of the local w. c. T.
L wish to thank those who donat-
cd articles and those who patron
lied their recent food sale which
proved to be an unqualified sue
cess.
A silver tea is to be given tomor-
row afternoon at the home Of Mrs.
?. H. Judd. 1918 Brighton avenue.
between the ho;;-S of four and six.
- NNSA Wal W S4hSil W lLlC SI4l lSl-
ian EndeaVor of the PRESBYTERIAN
church and the public is extended
a cordial invitation to be present.
st. Paul'S guild will meet tomor-
row afternoon at 230 with Mrs. Nor
man Lombard at hel home els
Olive avenue. All members are
urged TO be present.
McCabe home department will
meet on Thursday at the home of
Mrs. j. 4. Wilke for an all day
meeting with a pot luck luncheon
at noon. The session will begin at
u o'clock the morning OF December
i.
Members of the Literature Sec
ton OF the Woman'S Ten Thou
and club are reminded Of the meet
ing tomorrow morning at $50 IL
the tea room Of the club house.
Imperial Valley press., 1930-12-08
SURPRISE PARTY
FOR MARY BENNETT

Surprising Miss Mary Bennett, {
group of her friends met at the E
l.. Bennett home, E75 Sandalwood
avenue, recently for party ce!e-
bration Of her fifteenth birthday.
Games and dancing were enjoyed
all during the evening. while during
the first part the guests motored 10
the shopping district 10 see the an
nual Christmas festival ana open
house, later returning to the Ben
nett home, where refreshments were
served
Among those enjoying the sur
prise party were the Misses Ruth
Whitelaw. Peggy Whitelaw, Sarah
Couch. Barbara Tondro. Meryal
Meadows, Gwenivere Gianola, the
guest of honor, and Messrs. Burton
Brock, Bob Chestnut, Bill Osborne
Charles Thompson. Bill TonQro.
Carl Bennett and Leslie Bennett.
Mrs. Bennett was assisted in en-
tertaining the guests by Mrs. r. 3.
Whitelaw.
Imperial Valley press., 1930-12-08
HOltUu!e Residents
Return From Auto Trip

Mr.. and Mrs. R. B. Harmon and
Mr.. and Mrs. George Shawver,
Holtville residents, have returned
recently to the valley after an ex-
tended motor trip across the con-
tinent visiting such points as Maine,
New York, Boston, Washington
New Orleans and a number of the
other principal cities of the country.
Mr. and Mrs. Harmon and Mr..
and Mrs. Shaver have number OF
friends in El Centro who are glad
TO welcome them home. Recently
they were dinner guests of Mr.. and
Mrs. r c. Lanier at their home on
Wensley avenue.
Imperial Valley press., 1930-12-08
ELKS SERVICES
WE'LL ATTENDED

Nearly 100 persons attended the
ElkS memorial services at the local
hall yesterday afternoon at O'Clock
and witnessed the impressive rit-
uals held in memory of the As de-
parted brothers of the local order
After special music provided by
Mrs. Margaret Bratton and S. P.
Holiday, the memorial address was
delivered by Rev. w. E. Malan. pas
tor of the Methodist Episcopal
church
The program arrangements were
in charge of Lee Nuffer. esteemed
lecturing knight
Imperial Valley press., 1930-12-08
Entertain Pasadena
Friends Orer Week End

Dr. and Mrs. Warren Fox have
been entertaining friends from Pas
adena over the weekend at their
home on Sandalwood avenue-Mrs
Harriet Mcconnell, Miss Ruth Con-
nell, and Mrs Frederick Fox.
Saturday evening Dr.. and Mrs
Fox gave an informal bridge party
two tables OF auction being enjoyed
after which refreshments were
served Guests included Mr.. and
Mrs. Hugh T. Osborne. Mr. and Mrs
Earle G. Davis, and the guest OF
honor.
Imperial Valley press., 1930-12-08
Hoop Shooters
Defer Opening

Opening games of the FL Centre
Industrial basketball league sched-
uied for tonight were postponed
until next Monday. it was an
nounced today
This was done chiefly to accom-
mediate the Valley Laundry team
which has taken over the league IN
terests of the Cramer Bakery team.
All contesting teams, with the pos
sible exception OF the Gilmore Lions
and the FL Centre Maroons. indi-