davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-10-18
HORT RALLY IS PREDICTED
BY THE SPECTATOR
Short Sales Leave Opening For Technical
Z: Rise; Caution Is Advised
Nv THE SPECTATOR

In view Of break of 925 points in the averages yeste
day. wouldn't be bit surprised to further weakness ut
the opening today Overnight accumulation of selling orders
and the liquidation Of undermargned accounts ought
to accomplish this.
Activity somewhat the decline which might
be taken indication that the have shaken off
fears that they would find hard to borrow stock to
their contracts. think there more short selling
yesterday than time this week. and there was then
the market ought to be able to rally more easily once
covering operations are begun.
Because Of this think the market can be bought iOr
"turn." this in mind you've got to watch the
tape get you've got fair sized profit
don't you'll get profit today, but am OF the
opinion either in the last half hour today or during
part Of Mondays session you'll be able to realize
fairsized profit stocks picked up during the fss
hours today.
The Washington times., 1930-10-18
PRICES REMAIN
STEADY
Times Staff Photo

The general level of wholesale
prices in September varied little
from the August level. the Bureau
of Labor Statistics announced to
day, placing the purchasing
power of the 1925 dollar in that
month at $1.SS.
Prices of farm products showed
an average gain Of " Of l per
cent, large decreases in grains
and cotton being more than off
set by increases in beef steers,
hogs. poultry, eggs. and potatoes.
Foods, as a whole, rose ap'
preciably, the net increase being
nearly 2h per cent. Among
articles increasing in price were
butter, cheese, fresh beef and
pork, bacon, coffee, canned beans
and corn, fish, and oranges.
Wheat and rye flour, on the. other
hand, averaged lower than in
August. Hides and skins ad'
vanced in price, while leather de-
clined, and boots and shoes and
other leather products were prac'
tically stationary.
Textile products showed a per
ceptible decrease, cotton goods,
silk and rayon. woolen and
worsted goods and other textile
products sharing in the decline.
Fuel and lighting materials
moved upward, anthracite and
bituminous coal, coke, and pc
troleum products being at higher
levels than in August.
Metal products, as a whole,
moved downward, iron and steel
and nonferrouS metals contribut-
ing to the lower prices.
The Washington times., 1930-10-18
Utility Firm Faces
S12,5OO,OOO Suits

MONTICELLO. N. Y, Oct. 10
uNs0.-Two suits totaling $12,-
100000 against the Rockland
Light and Power Company were
filed in Supreme Court here by
Capt. Delfungo Gierea. minority
stockholder Of the company.
Captain Gierea charged that the
company "watered its stock to the
extent Of Sl2,OOO, ,OOO."
The Washington times., 1930-10-18
Industrial ActiUity
Lou in September

Not only has industrial produc-
ton, viewed in the aggregate,
failed to expand sharply during
recent weeks, but preliminary
data indicate that after correc-
tion for seasonal variation, Sep
tember output reached new bot
tom on the decline which has
been in progress since May, 1929.
AS preliminarily computed, the
Standard Statistics Company
composite index stood at 97.6 last
month, as compared with the
final figure of 99.1 for August,
and 1893 for September, 1929.
The Washington times., 1930-10-18
RAP
ENTHUSIASTIC ].
PESS|M|STS
Business and Trade Experts
Hit Attitude That Commerce
Is on the Rocks Now


The sightseeing trip Of ,busi'
ness into the vale Of despond
was cited as the cause Of the
economic depression which the
United States now finds itself
In by the Society of Industrial
Engineers in convention here.
Resolutions adopted by the en-,
gineers sized up the economic
situation in this manner:
Enthusiastic pessimism is
raising hell with business in
the United States today.
There is no excuse for con.
tinuatiOn Of the present sight
seeing trip Of business into the
vale of despOnd. Fundamental
economic conditions are sound.
Optimism, courageous use OF
credit and increased spending
are the ingredients for a gen
erOus dose Of common sense
needed by the victims Of pessi-
mistic whOOping cough"
The organization Is made up
Of business engineers who are
concerned with the management
problems Of machines and men
in industry.
Another portion sof the resolu-
tion adopted by the engineers
was:
"The key log Of the jam Is
unemployment. Give the work
ers work to do and they will
buy"
The statement Of the society,
closely connected as 1t is with
business generally caused consid'
erable comment in industrial and
commercial circles. It Is thought
that this is the first time such
a definite statement has been
made by any one business group.
The Washington times., 1930-10-18
SELF SUPPORT
|SSEEN

United States is in a better
position to become self f-sufficient
If naticnalistic policies rule the
world over than any other coun-
try, according to j. H. Lewis, Of
Goodbody & Co., who points out
that we consume over 80 per
cent of the commodities we pro-
duce and that with normal con-
in this country and our
present reduced rate Of foreign
trade a 81 per cent Of normal
business volume could be expected.
Mr.. Lewis declared:
But before this country can
start on another period of
prosperity it seems that certain
final economic adjustments
must be made. Our large cor
pOratiOnS are geared to . super
normal domestic demand plus
normal and expanding foreign
sales. On such q basis high
wages are in order. But now,
with consumption both here and
abroad under normal, cOrpOr-
ate profits are melting. Such
conditions result i'm the post
pOnement Of capital expenditure
programs. Corporate profits
are . source of mass conf
dence. When the earning
power Of our hosts Of corpora.
tiOnS is on the upgrade con-
structive efforts are unleaShed
in every direction and . feeling
Of confidence prevails.
However, q logical precedent
to q reduction in the labor
costs Of corporations Is . de-
crease In the cost Of living.
Just that has been happening
in the past year."
WIN A PRIZE! Detailed i'm.
formation on the $125 PRIZE
CONTEST now in progress ap-
pears on next to last page Of
The Washington times., 1930-10-18
Allegheny

Allegheny
Although there is still the pos
sibility that the stock will react
two or three points more, I think
Allegheny :. has dropped TO the
point where it can be bought
and held for a fair-sized profit.
While the company's earnings
this year are materially below
those Of 1929, its sponsorship is
of the, best in the street, and a
three or four point recovery in
the stock wouldn't surprise me a
BIT. don't forget that three or
four points in a stock Of this
price is good profit.
Estimated earnings of approx
mately 80 cents q share on Union
Carbide's capital stock only bears
out what said in this column
before, viz: That the third and
last quarters Of the year are Car
bide's best periods. and The COM
pany should at least cover its
. dividend requirements Of $3.50 a
share.
Gillette
Gillette slid off more than five
points in yesterdays reaction.
This is only natural, as the
stock is still vulnerable to bear
attacks. AS I pointed out yes
terday, the stock will probably
continue to decline with the gen.
eral list, but In view Of the fact
that a $4 dividend rate Is assured.
for o while at least. I think
Gillette is a good long-pull propo-
gition. I'd hold onto any stock
/ had and buy on further price
Tecessions.
Changing the name of the
Prince q Whitley Trading Cor
.poration won't help much as far
Us I can see. "
LOew'S
Breaking more than five points
Ioew's got down to around the
low. point of the current reaction
at $54. If everything in the com
pany is as good as it is said to
be, and I can see no reason for
, believing that it isn't, then Loews
is selling way out of line. ]
till think Loew'S is one of the
I sest issues on the board, and
lhile it may show some further
scftpess, think the minor re-
actions can be disregarded and
the, stock held for good profits on
ne pull. .., ....
The placing Of several large
The Washington times., 1930-10-18
8 FIRMS QUIT.
EXCHANGE; 4
TRANSFER
Retirement Is Indicated by Sale
of Seats Belonging to Floor
Members; BrokaW Buys

The retirement Of three firms
from membership in the New
York Stock Exchange was indi-
Gated today by the sale Of the
seats of their floor members.
Van H. Cartmell, of Hale,
waters & Co., has sold his seat
for $251.000 to Milton Blauner,
who will become an individual
floor broker. Mr.. Cartrnell pur-
chased his seat earlier this year
at a considerably higher price
than he obtained by its sale.
Since this is the only seat Hale,
Waters & Co. had on the Ex-
change it indicates that the firm
will retire as a member. 1t was
learned, however, that the con-
Germ, which was organized in
1922, will remain as investment
bankers, which they we're before
becoming Stock Exchange mem.
bers.
BrOkaw Buys Seat
Clifford v. Brokaw, member Of
the Four Hundred, has purchased
the New York Stock Exchange
seat of Francis K. Deery for $262,'
600, subject to approval by the
membership committee Of the
Exchange. Deery bought his seat
on March %, 1929, when seats
were selling above 100000. He
has been partner in Watson e
White.
Brokaw was graduated from the
Sheffield Scientific School OF
Yale University in 1925. He was
married to Audrey Stanson Joel
on September /, 1927.
Gibb Pays S26S,OOO
The partners of Gardner & Co.,
it was learned, have not yet de.
cided as to whether they will con-
tinue In business.
StetSon has just organized an
investment firm in Philadelphia
under the name Of Stetson d
Blackman. with offices in the
Packard Building. Blackman was
formerly associated with the
banking firm of Booming g. Co.
The sale Of the seat Of George
A. Winsor, of WlnSor, Trowbridge
& Co. to Robert A. Gibb, for $685..
900 will automatically retire the
firm since the seat sold is the only
one they had.
Winsor bought his seat on April
4, 1929. His firm was organized
in 1923 as investment bankers. It
could not be learned whether they
will continue business.
Gardner & Co. have also indi'
Gated their retirement with the
sale of the seat to Nathan
Markoe, their floor member, for
$685., 900 to John B. StetSon. jr.,
former United States minister to
Poland, and son Of the hat manu-
facturer. He is 46 years old and
is a graduate Of Harvard, class Of
1906. In addition to being a dip
lomat and a member of the Stock
Exchange, he has also translated
several books on Brazil from the
Portuguese.
William H. Pflugfelder, of Theo-
dore Prince g. Co., has transferred
his membership to James E. Sau-
ter of the same firm.
The transfer of the member.
ship of Howes Burton, John j.
Gillooly, Walter j. Rich tr., and
Julian A. Morris to Robert L.
Harding, Marcus s. Friendlander,
Howard S. Filston and William
Raebeck, respectively, has been
approved by the New York Stock
Exchange.
Arrangements have been made
for the sale of a seat at $255 600,
UP $4,000 from the last previous
sale. it was announced today.
The Washington times., 1930-10-18

rail orders by the carriers only
bears out what Iron Age Sail on
wednesday, that the rail orders
were the bright spot Of the week
in the steel industry. But neither
the steel nor the rail business are
in the best of health right now,
although some Improvement can
be expected.
New Haven
While on the subject Of the
rails, New Haven continues to
mystify the trading fraternity.
In the face of the Presidents
statement that the road would
continue the $6 dividend rate in
1881 the stock slumped three
points to a new low for the year.
At its current levels, New Haven
Is yielding close to $50 per cent
which, in view of Mr.. Pelley's
announcement, is a substantial
return ana should attract some
investment buying.
The visit of Bernard M. Baruch
to President Hoover stirred up
considerable attention in the
street and was rather perplexing.
No one seemed to know what it
was all about. And for that mat
ter, neither do I.
Here and There
Most of market commentators
went a bit askew on their predic.
tions. j. F. Hughes. who Incl
dentally has been right on the
market says that the relative lack
of technical strength in the lead
ing stocks leads to questioning
the ability of the market gen.
orally to accomplish a full tech
nical recovery Of half the ground
lost since September 10. And we
agree with him.
Favorable statements regarding
earnings has led to some scat
tered buying Of First National
Stores. In this group, however, I
think one should watch ones
step. ...
Some Of the department store
stocks, such as Best and Com
pany and r. H. Macy, appeared
to be reasonably priced. At least
they ought to be among the first
to reflect an upswing in the
group.
Many seem to think that q real
recovery can't set in until the
rails have had a fair.sized reac-
tion. If what the carriers have
been doing up to now isn't re-
action then the Pennsylvania is
nothing but a shuttle line.
The Washington times., 1930-10-18

WIN A PRIZE! Detailed i'm.
formation ON the SIPS PRIZE
CONTEST now in progress ap-
pears on next to last page of
this paper.
Nogales international., 1930-05-20

most no thrips escaped, although
many trees were fairly well infested
before the demonstration.
Flying over every second row, from
north to south, and making aston
ishing quick turns, Little completed
the job in a very few minutes. Then
he returned to the Phoenix airport,
got another load of sulphur, and
busted the alfalfa field of I. l.. Lang
ley, a mile down the road. The OBJ
ject of that was to kill the cotton
square dauber, which breeds in al
falfa.
DR.. A. w. Morrill,, former state
entomologist of Arizona and now
connected with the crop dusting di-
vision of the Aero Corporation of
California, arranged the demonstra-
ton. Before the aviator appeared he
pointed out the damage that thripS
OO w AC0VOO CIAA4 NACCO AAAO ChkJOA ANAANO
that the only defect to be found on
much Gull fruit is thrip- soaring.
California growers have found
that two dustings annually are ne
cessary to control thrips One treat
ment is given after blossom time in
the spring, the other in the fall.
Under conditions such as prevail
in Arizona, it costs about $40 an
acre to dust citrus grove. This is
figuring the price of sulphur at four
cents a pound.
Little is one of the Aero Corpora
tion's star aviators. At the time of
his Phoenix visit he was on his way
back to Los Angeles from the Los
Mochis district of Mexico, where he
busted 100000 acres of tomatoes and
ether vegetables.
Nogales international., 1930-05-20
NOGALES, ARIZ, TUESDAY, MAY 20, 1880

Mrs. Joseph A. Cumming left Sat-
urday to spend the summer in Cal
ifornia.
Nogales international., 1930-05-20
FLIER MURDERS.
PHOENIX THRIPS

PHOENIX, May 19.-Arizona folks
saw their first job of crop busting
from an airplane, and millions of
thrips died when Elmer Little and
his flying machine spewed 600
pounds of sulphur over 10 acres of
the F. w. Avery citrus grove, on
Chicago avenue northeast of Phoe-
nix.
Little flew so low that the Specta-
tors momentarily feared that he
would crash into the tree-topS. AS
he passed over the grove a black
cloud of sulphur belched from a
hopper under the plane, settled down
eddied among the leaves and gave
each thorough dose Of the dust.
Later examination showed that al
Nogales international., 1930-05-20
NEEDS TWO PARISHES

JERSEY, Channel Islands (U.P.)
Heyman died with his
head in one parish and his feet in
another in a house over a brook
which divides st. Saviour's and
Trinity parishes.
Nogales international., 1930-05-20
AMERICAN HOLIDAY

STOCKHOLM (U.PO-One of the
special attractions for American Wis
itors to the great Stockholm EXhi-
bition this summer will be an "Am-
erican holiday" to be celebrated on
the exhibition grounds on July 4th.
Nogales international., 1930-05-20
PRODUCTION INCREASE

HELSINGFORS U.P) - Finish
industrial production during 1929
reached a total value of about A.
OOO,O00000 FinnmarKs, which is an
increase of approximately 100000
900 Finnmarks over 1928.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-20

charge of the social, which will follow
a short business session.
Mrs. Walcott Simmons will be In
charge of the carnatton sale, Whlcn Is
an annual affair the Saturday pre-
ceding Mothers day In all States where
the American War Mothers are organ
lied. The flowers, red and white, are
made by rehabilitated World War vet
Grams. The proceeds are used only In
welfare work and to maintain the ma
tional home at Aurora, Colo, at the
entrance to Fitzsimmons Hospital,
Here mothers, wives and other rela-
tives may have q comfortable place to
stay when visiting their loved ones con-
fined in this hospital. From this home,
dedicated to the gold star mothers OF
the World War, radiates cheer and
comfort to the hundreds OF the wars
disabled men and women who are TOO
kinfolk. The District of Columbia
Chapter uses its share of the proceeds
In various forms of welfare werk-vet-
Grams relief, child welfare, soldier
loans, outdoor excursions, social gath
erings and movies at the several hos
pitfalls. The chairman requests all who
have promised to help to report to her
at this meeting.
Mrs. O'Neill, local treasurer and ma
tional custodian of records, and Mrs
NJ N. Mock, national gold star chair
man, representing the national chapter
in the annual Mothers day exercises In
Arlington Amphitheater May IL, report
plans about completed. Reports are
coming in from many States of the
West, Southwest and Middle West
showing that a larger atteI dance than
usual may be expected
Card parties are announced for
Mount Alto Hospital April 23 and the
Naval Hospital Awn ~,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-20
Veterans of Great War

At the last meeting of the auxiliary
the chairman of ways and means COM
mittee, Mrs. A. M. Stone, made her re-
port on the dance which was given
recently by the auxiliary, The report
was a success both socially and finan-
cially. Plans are now under way for
an entertainment and dinner in the
near future.
The ladies' drill team under the
direction of drillmaster Sergt. Stone Is
progressing Another new recruit was
added to the team by Federal Auxiliary
No. 824.
Chief of Staff Lola B. Heise requests
all auxiliaries of the District of Column
bia to participate in the third annual
nassing of the colors service to be held
May rs at Mount st. Adams Catheral
at 3 o'clock.
Front Line Post Auxiliary met last
Monday evening at the Soldiers, Sailors
and Marines Club, Eleventh and L
streets, at which time three members
were initiated into the auxiliary. Mrs
Margaret Jacobson, past chief OF stall
gave a short talk. Mrs. Catherine Pat
terson, mother of Mrs. Clay Keene
Miller, past president, presented a
leather bound Bible to the auxiliary.
Following the meeting refreshments
were served.
The next regular meeting of the aux
iliary will be held April % at Soldiers,
Sailors and Marines Club at which time
several applications for membership will
be balloted on. Harry J, Hooley, COM
mander of Front Line Post, will address
the auxiliary.
THE AMERICAN LEGION.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-20
CARE OF BULBS

AS the dubious plants finish flower
ing there is often temptation in the
small garden to dig out the plants to
make room for ANIMALS. Such treat
ment Is a serious mistake If one 'ex-
poets to flower the bulbs again. The
situation is simply this-the bulbs are
now busily engaged in manufacturing
and storing food for another season
and in forming new bulbs. Any dis
turbance at this season cannot help
but diminish the reserve strength Of
the plant. Caretakers of public parks
are forced to remove bulbs shortly after
they bloom, but rarely attempt to save
the stock, buying fresh material each
Autumn Sometimes the plants are
reset in another location where they
can mature without further distur-
banee, but such treatment Is consid-
cred an expedient rather than good
practice.
Crocus leaves are rather nuisance
in the lawn at this season but there
is no quicker way of discriminating
these pretty little harbingers of Spring
than to start the lawn mover early,
before the leaves have nlatured. The
need of leaves is common to all plants
and especially SO in the case Of the
short-lived bulbs, which are In green
growing condition for only few weeks
each year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-20
FLOWER TROUBLE

As reported by the Ohio Experiment
Station, Wooster, Ohio, in the last an
nual statement, scab disease of gladiolus
lives over Winter on the corms and can
be best controlled by immersing the
corms, or bulbs as they are commonly
called, in corrosive sublimate solution,
one part of the chemical to 1000 parts
of water, for two hours prior to plant
ing. The treatment was effective even
in the case of badly scabbed corms, the
solution apparently penetrating into the
tissues and killing the casual bacteria.
Another promising development in
disease control is the development of a
green color dust for combating black
spot Of the rose, thus removing the OBJ
lection that many had to the ordinary
Massey dust made up of nine parts of
finely divided sulphur and one part of
powdered arsenate of lead. 1t is now
time to commence the annual struggle
against black spot.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-20
ASPARAGUS CULTURE

No vegetable is more popular in the
larger home garden than the asparagus,
and rightfullv so. Living on from year
to year, there is no annual struggle to
get the crop started, for the ups and
downs OF weather mean little to this
rugged species. In fact, in many sec
lions the asparagus has become natural-
ICED even to the extent OF becoming .
weed.
In considering the establishment of
an asparagus bed, the flrst question is
variety and that is quickly decided by
selecting one of the so-called Wash
ington strains, now offered by almost
all seed stores and nurseries. These
two varieties, Mary and Martha Wash
ington. are disease resistant and yield
large stalks of good quality. One-year
plants are generally conceded best,
getting re-estab lished sooner than older
roots. Rows should be about four feet
apart and plants in the row 18 inches.
Beans, lettuce or cabbage may be
grown between the rows the first and
second seasons If space is short.
The old practice of digging out two
foot trench and filling the bottom with
well-rotted manure was splendid, but
Is neither possible nor necessary under
present conditions. A Six-inch trench
Is adequate, setting the roots on the
bottom and covering at first with three
or four inches of soil. Fertilizer should
be applied while preparing the soil and
then along the rows after the plants
are up. With a long-life plant such as
asparagus, fertilization will, of course,
be continued each year throughout the
life of the bed.
Something was said in this column
of the superiority of male asparagus
plants in point of production. Over a
period of years male plants averaged
IL to Is per cent more productive at
one of the experiment stations.
Whether 1t Is worth while to buy twice
as many plants as needed and later
discard the females is q question for
the gardener to decide.
Asparagus should not be cut until the
beginning of the third year in the
garden because in the first two seasons
the young plants need all their foliage
to develop strong roots. A somewhat
vexatious delay, but worth while In
ultimate results.
Asparagus fresh from the garden Is
greatly superior to the general run OF
store stocks. Sugar is lost very rapidly
after cutting and the fibers become
woody, resulting in a rather tasteless
product With asparagus in the kitchen
garden the story is quite different.