davidaulloa/AmericanStories huggingface dataset:
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1930-10-29

Mr.. and Mrs. William j. Connolly
and daughter Doris Jean accompan-
led by Miss Eleanor Aune of Mime
apolis came here Saturday and were
weekend guests at the home of Mr..
and Mrs. H. NJ. Aune.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1930-10-29

VOTE TUESDAY. NOVEMBER 4, 1880
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1930-10-29

VOTE TUESDAY. NOVEMBER 4. 1880
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1930-10-29

VOTE TUESDAY. NOVEMBER =, 1885,
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1930-10-29

VOTE TUESDAY. NOVEMBER
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1930-10-29

VOTE TUESDAY, NOVEMBER 4, 1890
The Washington times., 1930-12-23
CONSTRUCTION
NEED CITED

NEW YORK, Dec. % QN.So
More than $4,500, 100000 worth
Of major public improvements are
needed in the United States at
the present time. according to a
report completed here yesterday
by s. w. Strauss & Co.. after a
survey of 236 chambers of COM
merce in leading cities through
out the country. In this estimate
no allowance was made for pri.
vate work, such as residential
buildings, office structures, apart
ments, theaters and factories.
OF the work that is needed,
only $1,000, ,000, 900 Of the con-
struction by Federal, State, county
and municipal governments, is
now under way. The remaining
amount has been held up, de-
layed, or postponed for various
reasons, the report stated.
New York city alone needs ST.
SOC, ,0O0, 900 Of public construction,
according to the report. Of which
$500, ,000, 900 is going forward at
the present time. Chicago'S needs
are set at $500, 900 900 exclusive of
world fair buildings. with $37,'
000, 600 under way. The projected
Temple of Music and Art and a
railroad terminal provide two
thirds Of Philadelphia'S estimate
Of $3.50, 900, 900 needed.
The Washington times., 1930-12-23
RU LEWIS HANEY
By LEWIS HANEY,
Director New York University Bureau
Of Business Research and Former
Economist Of Federal Trade

Director New York University Bureau
Of Business Research and Former
Economist Of Federal Trade
Commission. g.
The market appears to be
rounding off prior to a second
airy" decline. How far such q
reaction may go Is the big ques-
tion. That it will come in some
form is a practical certainty, but
whether it will be dull and fail
to touch the previous low level,
or will be severe and. break
through, no one can know.
In any case, do not buy now.
The rally is nearly, if not quite.
over. It is the part Of wisdom
to wait. until we see how the
market stands up under the
pressure it must soon meet.
There is still over-extended fl
nancial interests which may not
be able to carry their present
loads. This means a possibility
Of further liquidation, which may
come out on q little reaction.
Therefore, wait and see. # the
next reaction Is a minor one
which does not lose more than
half the ground gained on the
rally, we may become more opti-
mistic. But II it brings out
heavy liquidation again, we will
know that the bear market is.
not over. i.
Must Settle Down,
Above all, remember this:
There will be no basis for conf
dent buying Of stocks until the.
market finally and definitely
settles down." AS long as it
jumps around the way it. still
does. it has not become normal.
A period Of prolonged quiet and
dullneSs, with very narrow fluc.
tuations that buying sound stocks
has become safe.
Last week the averages made a
net gain Of between three and
four points. The trading indus
trial stocks were about five points
higher at the close than a week
ago. The rails averaged two
and one-half points higher. Utit-
ties rallied sharply.
It is specially to be noted that
the bond market turned up. and
this Is probably the most hopeful
indication that has been seen for
a long time. The bond averages
rose for three days in succession.
The rise was broad and brought
a net gain on the week Of between
one and two full points. It can
also be said that a great deal of
The Washington times., 1930-12-23
CHICAGO LIVESTOCK

Hogs-Receipts. $4,000; market 10
cents lower: top, $40; bulk. s6.TE E9s;
$T.70@8; lightweight. S7.85Q8; light
lights, $79o@S:10; packing sows, $6.6e
7.25; pigs. $7.50qS.10; holdovers. 1000.
Cattle-Receipts. 5000; market steady.
Calves: Receipts, 2,0oO; market steady.
1275: common and medium, SIG SOC
yeaFitnga, &7@14. Butcher cattle: HeifI
erA IS @12: cows, $47.5O: bulls, S5@7.50;
calves $7910; feeder steers, $6@8.75;
and hetfers, $4@7.50.
Sheep-Receipts. 18, zoe; market steady,
Medium and choice lambs, $7.50@S66;
culis and common, $5R7:. yearlings, SIS. 90
@6.75; common and choice ewes $50
3.75; feeder lambs, $6@750
The Washington times., 1930-12-23
z POWER TRUST
FOES DUE
FOR Ak
New Commissioners Interpret
Law as Vacating All Posts;
ImperiIs Russell and King

The new Federal Power Com.
mission, taking control over the
nations water powers, at once put
itself in position to drop at will the
two officials leading the fight to
squeeze approximately $500, ,O0O, 900
OF water" out Of power company
capital.
Chairman George Otis Smith
announced after he was sworn,
that the amended water power
law has been interpreted as va
eating all positions on the old
commissions staff, which must
be filled by appointment or re-
appointment.
Silent ON Two Men
He refused to predict the fate
Of Solicitor Charles A. Russell and
Chief Accountant william V.
King, who have blocked approval
of "Watered" accounts but failed
to obtain their. rejection.
Smith contented himself with:
81 have made no pledges"
~ uIOVc W Ou0O GSNSSNA 4A0o
been in the making for several
weeks, following his clash with
the Administration over the pro-
posed surrender Of regulation in
the New River test case and his
charges that the Pennsylvania
utilities commission permitted the
public to be "flim-flammed" out
Of 100000.
King Long Fought
Although no open move has
been made against King, the
power interests have fought for
10 years against his searching
examinations of their accounts.
Vacating Of the offices was
understood to be based on an
informal opinion from Attorney
General Mitchell. Smith declined
to confirm or deny this. but said
the new commissioners had "con-
suited some of the law Officers" :"
The new law reads that the COM
mission shall be deemed to be
reorganized" when three com
missioners have taken office.
The Washington times., 1930-12-23
ACCIDENT GAIN
IS SHOWN
By FRANK F. LOOMS

In payment Of accident claims
already reported, more than $92,.
000, 200 has been distributed to
policyholders and their bene'
ficiaries in every part Of the
Unitew States and Canada as q
result of injuries and deaths suf.
fered in every conceivable kind
Of an accident.
Recent statistics indicate that
81 persons out Of every 100 in.
jured in accidents are hurt in
motor vehicle mishapO. Deaths, as
a result Of an automobile acci.
dent, in the United States this
year will be approximately $4,000
which is an increase Of 4 per
cent over the fatality toll Of last
year, it is indicated by reports,
The gain in the number Of per.
sons killed will make this years
fatality toll 155 per cent greater
than it was in 1920 and 46 per
cent greater than the 1925 figure
of automobile accident deaths.
Home Accidents
Accidents in the home are re
sponsible for the second largest
percentage Of accidents, with 26
persons out Of 100 accident vic.
tins. Sports and recreation claim
third place, with approximately
90 persons out of every 100 being
injured in such activities. Pedes
trians then follow in the fire
quency of those injured, the ratio
being 13 out of every 100, exclu'
sive Of motor vehicle miShaps
The everyday doings Of people,
such as travelling in an automo,
bile, staying at home, attending
to business and shopping as pedes-
trians, and taking part in sports
and other forms Of recreational
activity, are responsible for the
disabilities suffered by 81 victims
out of every 100 persons injured.
Chances Slight
With one person out Of every
10 of the entire population in
jured in accidents each year, the
figures indicate that the chances
Of avoiding injury in one or more
Of the common causes Of accidents
is rather slight during an adults
lie time. While you may not be
able to avoid being a victim of
some accident, of a commonplace
or even freakish nature, you can
prepare yourself against a finan.
cial loss as a result of such acci.
dent. There are 73,200,000 bust
ness days are lost each year be.
cause Of auto accidents alone. Do
not wait until the accident occurs
before realizing the Importance
OF this form Of insurance cover.
age, which is absolutely essential
for men and women dependent on
their ability to work and earn
money for their living.
The Washington times., 1930-12-23
MILLION AIDED
BY YFARM ACT

More than 1000 farmers have
been aided by the agricultural
marketing act, the Federal Farm
Board announced today in bull
letfn describing how farmers, with
Government assistance, can set up
cooperative machinery, owned and
controlled by themselves, to mar
ket their crops.
Seven national agencies have
been established by co-operatiyes
with the assistance Of the board.
Six Of these are sales agencies.
Five already are operating, mar
keting grain, cotton, livestock,
wool and mohair, and pecans.
There are $4,000 farmer-owned
and controlled cooperative aSSo-
Citations in the United States, the
membership totaling 3,lOO, 900,
representing about 1900. 900 farm
erS.
The bulletin said approximately
2,OOO, 900 bales of 1890 Short-Staple
cotton had been delivered to the
American Cotton Cooperative AS
Sociation up to December /. More
than SOC, 900 additional bales prob
ably will be delivered during the
winter and spring months.
More than 100000 growers are
members of the II State and re.
gional associations which form
the association,
The Washington times., 1930-12-23
Unfauorable Conditions
Preuan in Market

forced liquidation has now been
completed. thus bringing nearer
the day where selling pressure viii
be much less intense.
Outlook Not Favorable
But for the near future the
technical indications are stiu un.
favorable. They follow:
AFTER a very sharp rebound
that regained over 35 per cent
Of the previous decline the mar
ket has rounded off," It is about
time for . secondary reaction"
2-NeceSSitOuS short covering
has been completed, as shown
by the fact that such stocks as
Aubuen, Case and Vanadian
have ceased to rum up.
S-The volume Of trading has
steadily dried up On the rally,
falling on Saturday to the low.
est hourly rate in the last IL
days. -
-Recent strength has most
" been in stocks in which there
was . large short interest and q
small floating supply. T.
5-The market is mixed and
shows many divergent trends,
with the old leaders not doing
as wen as many more specuIa-
tive issues.
The holidays lie ahead, and the
speculative forces may be mod
Grated for a few days, postponine
the test until after Christmas. II
seems best, however, it be pre-.
pared for another setback.
The Washington times., 1930-12-23
Wall Street
Hears

That many old English and
Scotch investment trusts bought
dividend paying American n
shares during the last recession.
That Standard oil Of New
York (NY) is an attractive in
vestment purchase at its pres
ent level, where it gives q
higher yield than it has at any
time in the last Is years.
That National Power and
Light (NPL) will net abOut
$2.24 a share this year, against
salt a share last year, and
that Electric Bond and Share
(EBS) On the Curb has in
creased its holdings to A per
cent.
That considerable scale buy
ing is coming into Columbian
Carbon (CNB1. :
That westinghouse Airbrake
(WKM) will cover its So diVi-
dend by q comfortable margin
this year. .-
That Evans Auto Loading Co.
win show q net loss Of about
S25O,0OO this year, compared
with a net profit Of $8O2, 1899
last year.
The Washington times., 1930-12-23
ALCOHOL RATES
AUTHORIZED

The Interstate Commerce Com.
mission today authorized certain
railroads to establish transconti.
mental freight rates on alcohol,
other than denatured or wood,
in bond, in tank cars, dependent
upon the value declared in writ
ing by the shipper or agreed
upon in writing.
The commission said it did
not approve the reasonableness
of any rates or valuations that
might be filed under the author
ity given. Such rates and valu-
ationS are to be subject to pro-
test, complaint, investigation and
correction If found to be in con-
fict with any provision of the
law.
The Washington times., 1930-12-23
Bowie Chipn1an, Broker
Is Fine Sailor

George Bowie Chapman, resi-.
dent partner Of Hartman SS Co
here, has an enviable reputation
as a yachtman along the whole
Atlantic coast.
Last summer the Washington
broker sailed his boat to his
summer home at Castine, Me-, and
return. He has made many tripg
along the Seaboard, some of them
OF a greatly extended nature.
Mr.. Chapman, in addition to
his duties as a partner in the
stock exchange firm, is a director
IN number Of commercial firms
He is a thirtySecond degree
Mason and a member Of several
local clubs. He has one son,
Norris.
The Washington times., 1930-12-23
c. & D. NET FOR !
L MONTHS IS
S4.14 SHARE
Railway Shows Decrease Of v
a. Cents Over Figures Re-
ported for 1929 Period

Chesapeake and Ohio Railway.
reports for the II months ended
November 80 showed a net in
come of $37.757,339, equal, after
dividend requirements on 1913
shares Of 61a per cent preferred
stock, to $4.14 a share on 1885,
040 common shares, compared to
$40, SIT, 500, or $4.37 a share In
like 1929 period, computed on the
same common share basis. No
vember net income totaled $3,-
286, ,226, against $3,722,89 in No
vember, 1929. .
SOUTHERN RWY. SYSTEM
Gross for second week in Decem-
Der amounted to .$2,576,411
against $3,284,826 in like 1929
week. From January / to Decem.
ber IA. gross was $149, ,29l ,382
compared with $181,911,064 in.
corresponding 1929 period.
MOBILE g. OHIO gross for
second week in December
amounted to $208,459 against
$288,018 in similar 1929 week.
From January to December IL
gross was $l3.475,377 compared
with $16,716,476 in correspond
ing 1929 period.
ILLINOIS CENTRAL SYSTEM
November gross is estimated at
about $4,000, 600 against $14,35O,.
208 in November, 1929. Eleven
months ended November 80 8
showed estimated gross Of $137,.
sol 900 compared with $166,927,.
Oil in similar 1929 period.
AMERICAN ICE CO.-Novem4
ber net earnings totaled $174.O77,
after interest, but before Federal !,
taxes and depreciation, against
$3.50, ,045 in November, 1929. Net
earnings for II months ended
November 80 were S., ,6ag, ,OO2,
compared with $5.52S.4 ATS Ia cor.
responding 1929 period.
The Washington times., 1930-12-23
RA|LPLANS SEEN
ASPROSPER|7.Y
RETURN AID
Heads of Railroads Predict
Proposed Merger Of Four
Lines Will Boom Industry
By w. s. COUSINS

NEW YORK, Dec. % UN.S0
Consolidation of important East
ern American railroads into four
major trunk lines will, in all
probability, constitute one Of the
prominent factors in the return
of prosperity to the transportar
ton industry. -. AT .. .
This, in brief, is the hope held
out by the leaders Of the rail
industry, some of whom are now
meeting in New York in an effort
to find a solution for the con-
solidation problem.
Wants Even Break
j. j. Bernet. president Of the
Chesapeake and Ohio Railway
Company, said:
"The railroads only want an
even break. They think that
the Federal Government or the
State governments ought not to
be competing with them by
supplying service below cost
and charging the deficit to the
taxpayers.
more than 20 per cent Of
all the employment in the
United States is furnished by
the railroads, directly or in
directly. This fact is the key
to why, during 1880, the conn
try had a demonstration of the
Often-repeated warning that it
could not be prosperous If the
railroads were depressed"
Pickup Is Seen
Said j. J. Pelley, president Of
the New York, New Haven and
Hartford railroad:
I'VE are going to have an
improvement next year. While
the early part Of the year viii
probably continue at low levels,
we expect q definite upward
turn sometime during the year,
with gradual and progressive
recovery from then on" -.
Edward z. Loomis, president Of
the Lehigh Valley Railroad Com
pany. said that the recent action
on the part of the railroads them
selves as to future policy. which
was followed by some most con-
structive recommendations by the
Interstate Commerce Commission.
in it's report to Congress, promise
to put the problems Of the in
dustry clearly before the public
and a better understanding Of
them must surely follow.
The Washington times., 1930-12-23
Hartford Brokers
In ReceiL1erSIliD

HARTFORD, Dec. 2:-Judge
E. E. Dickinson, in the Superior
Court of this State, placed F. E.
Kingston 61 Co., security dealers,
in temporary receivership as a
result of action instituted by AS
sistant Attorney General j. H.
King, acting for L. E. Shippee,
bank commissioner.
Three offices Of the Connecti-
cut Trading Corp, a subsidiary
of the brokerage house, were ar
rested today on bench warrants
charging perjury! Those arrested
were John H. Reid, president
and treasurer of the concern;
Frank H. Smith, vice president
and assistant treasurer, and Ed
mund j. Grandhal, secretary.
They are accused of swearing
falsely, in an application to the
secretary Of State, that the $55,-
600 original capital of the COM
pany had been paid in cash.
OIL STOCKS
The Washington times., 1930-12-23
Chicago to Sell NeU
$1,000, 900 Issue

Upholding of the law of the
State Legislature by the Supreme
court of Illinois, under which $12,.
600 900 Of S per cent water fund
revenue bonds, due variously on
January l, 1884, to 1948 were au-
thorized, the city Of Chicago
wiz soon place on the market
$1O,9S7 eco Of these bonds.
It is understood q syndicate
headed by Halsey, STU art & Co.,
win market the issue, which ma
lures as follows: $197j 900 on
January 1, 1894; $250,000 on
January /. 1885; $4,000 on jan
uary 1, 1896; $250,000 on January
!, 1897; $3.50 900 on January /,
1898, and $1,000! 900 annually
from January !, 1880, to 194S,
The Washington times., 1930-12-23
Brokerage Margin
Requirements Cut

Shields & Co., stock exchange
members, are permitting clients to
carry on margin stocks selling for
81 share or more because Of the
large number of stocks which have
declined below $40 a share, the
former minimum price require
ment. On stocks which will be
carried on margin a minimum
margin Of 81 a share will be re-
quired.
The Washington times., 1930-12-23
CASH RESERVES
AID STABILITY
Of BANKS
Growth of Savings Accounts
Shows Minimum Slump
Effects in Washington

!" hSSSs'
The soundness of financial in.
stitutions In the District Of Colun-
bia Is emphasized by the absolute
confidence placed in the various
banks and trust companies scat
tered throughout the city.
Substantial cash reserves, able
management and competent
judgment Of the banking bust
ness has enabled Washington Fl.
nancial houses to forge to the
front so that at this time ofsde'
preston throughout the entire
United States they hold fore
most position in the institutions
handing the funds Of the Nation
Another factor that must be
considered in the local banking
field is the fact that there is not
. as much unemployment here as
in other sections Of the country
The majority of citizens Of the
District are either employed by the
Government or are dependent
upon Government employees for
their income.
Stores and other commercial
institutions here are assured OF
q steady income due to the fact
that the government pay is al
ways at hand when planned Tor.
In other cities throughout the
United States, especially those in
which large manufacturing plants
are located there is great deal
Of depression. due to the fact
that these organizations have
been compelled to retrench and
in so doing have been forced to
lay off some of their workers.
This has worked hardShipS that
are not experienced in the Dis
trict Of Columbia.
A sure sign of the fact that
depression in the District is
limited, bankers say, is the fact
that after payment of the Christ
mas savings accounts for this
year a great number Of the
checks were used in starting
others while savings accounts
were greatly swelled through de-
posits Of Christmas checks.
The bankers point out that if
the depression was as rife as
a1armists would have us believe
there would be no such growth
Of deposits and Christmas &C
counts.
George Bowie Chipman, resi-
dent partner of the stock Ex-
change firm Of Hartman g. Co.
here, is en- route to Miami where
he will spend Christmas. He
is accompanied by his wife. They
viii return to Washington after
New Year.
Directors of the Bank of
Bethesda have declared the regu.
lar semiannual dividend of 8
per cent on the capital stock Of
the institution. An extra dividend
Of ] per cent was also voted. Both
dividends are payable December
81 to holders Of record Deem
ber 20.
A S per cent Christmas bonus
for employees and officers of the
Washington Savings Bank was
voted at a recent meeting of the
board of directors Of the institu,
ton.
Dividends of many local stock
issues win be paid within the
next few days. The list Of pal
ments include many bank stocks.
In addition to authorization of
the regular payments, many sub
Stantial disbursement have been
voted. Some of these take the
form Of an extra dividend, while
others are Christmas bonuses for
employees and officers Of the or
CARNATIONS.
The Washington times., 1930-12-23
British Steel Trade
Falls in November

British imports, exports and
production Of iron and steel all
declined in November, according
to a cablegram received from
Ronald RenShaw, acting com.
mercial attache. by the Depart
ment Of Commerce,
The Washington times., 1930-12-23
Associated Gas
OUTPUT Oft in Week

Associated Gas & Electric sys-
tena today reported electric out
put for the week ended Decena-
Der 1S OF 62,594,599 kilowatt
hours. a decrease Of per cent
from the corresponding 1929
week.
The Washington times., 1930-12-23
OIL STOCKS

FURNISHED by W. B. Hibbs & Coz
MD N Ia
The Washington times., 1930-02-20
Gain.
AS LIST HITS
SLUMP
BY W. 8. COUSINS

NEW YORK, Feb. 20 QNS).-
Industrial stocks and specialties
we're depressed in the first hour
today by repetition Of the sell.
ing pressure which unsettled the
whole list In the final period yes
terday. Losses Of / to 4 points
were recorded for the speculative
leaders, including U. s. Steel,
Westinghouse and General ,Elec-
trio, but In spite Of this weakness
the utility stocks were able to re.
sumo their forward move, with
Brooklyn Union Gas up 8 points
to 176.
Westinghouse sold off 4 points
ct ITS before meeting with any
special buying demand, and Gen
eral Electric at 72A was down 6
points from the high of. the move.
United States Steel sold off 1la at
1884.
Oil Stocks Heavy
The oil stocks were again under
pressure as the result Of the con.
fused situation In the producing
and refining end of the industry.
Eastern reftners cut gasoline
prices again today in an effort
to Stave off the influx of Western
Gas" Standard Oil Of California
sold at the years lowest price at
55A, down 1A and Standard Of
New Jersey established q new
low for the year at 5814.
Loew's, Paramount and Fox
Film, the leading amusement
stocks, rose about Q point on the
average in fairly heavy trading.
Bulls in Radio, Simmons and
other favorites asserted them
selves and drove their stocks frac.
tionaHy higher. Railroad divt-
dend stocks were never allowed
to 'fall very far without finding
buyers and motor stocks gave q
better exhibition in the second
hour.
Brooklyn Union Gas at 176
showed a new advance Of 5
points and a 76-point rally from
the November low. The stock is
in demand from powerful finan.
cial forces which are directly
concerned with the merger Of
the company with Consolidated
Gas.
Wheat lost more than a cent q
bushel and cotton was fraction
ally lower in the early trading.
Gail money was in good supply
at 412 per cent.