davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-11-17
SURPLUS STOCK
MAIN COPPER
PROBLEM
International Reduction of
Output Leads to Higher
Prices; Excess Causes Worry

After months of depression and
sagging the copper industry
staged a spectacular recovery
this week, on the news that the
long awaited curtailment had
finally been approved by fully 90
per cent Of the copper producers
throughout the world.
Starting the year with the metal
selling around the 18-cent q pound
level, prices consistently sank
lower until they touched the 91s-
cent point last month. The fig
ure was the lowest price for
which copper had ever been sold
in the history Of the industry,
and was 81a cents below the years
high price, and contrasts with the
record high price Of 35 cents q
pound touched in 1917.
FURRY Caused
The curtailment plan which
caused the furry in the trade was
arrived at by the Copper Insti-
tute, which consists Of the pri11-
cipal American producers. and
calls for reduction Of 23,650 tons
month in the present monthly
output of 147, 900 tons. or about
16 per cent.
When the discussions were
started by the copper producers
a flower figure had been pre-
sented. This figure was discarded
when it was learned that the
African mines had stepped UP
their production to $4,000 tons q
month. Under the final plan the
African mines will cut their out
put between 5000 and 1000 tons
monthly.
Surplus Real Problem
With production for the past
five months averaging 147.0O0
tons per month the reduction
will cut this to 123,350 tons. The
present rate Of consumption
averages about $4,000 tons q
month. At this rate, with the
present stocks of both refined
and unrefined copper on hand
oVO,Vto IonS, an aIFLlmS A1gn
record-it will take about two
years to do away with the sur
plus now existing.
At the present time, it is said,
there are a number of producers
who are having difficult time
carrying their surpluses, and the
rumors of a loan being flsated
on these stocks are again being
revived.
In 1921 the Copper Export As
Sociation sold SAC, 900 of per
cent notes secured by $4,000, 900
worth Of copper. Some surprise
was expressed in certain quarters
at these reports, the producers
saying that the curtailmcnt pro-
gram will enable them 10 carry
on without the aid of q loan.
The Washington times., 1930-11-17
KCLEAR|NGS
GAIN IN WEEK
Times staff Photo.

Bank clearings in the United
States for the week ended Noven-
ber IL, as reported to Brad
streets Journal, aggregated $8,-
972 LOSS, 900, as against $s,614,580,.
900 last week, Q holiday week.
and $15,176, ,102, 900 in this week
last year. There is here shown
an increase Of IL per cent over
last week, but a decrease Of 40.8
per cent from the like week Of
1929. Canadian clearingS aggre-
gated $253,5l5, 900, against $685.
$4,000 last week and 302,273, 900
in this week last year.
Following are returns for this
week and last, with percentages
OF changes shown this week, as
compared with this week last year
(000 omitted:
The Washington times., 1930-11-17
Pools Revive

The rally has infused new life
into quite a few pools, especially
in some Of the motors. It seems
likely that some of them may
start some fireworks" before
long if the market is able to hold,
though they probably will pro-
ceed cautiously for the next few
days,
Chrysler is one that will have
q move, / am told. Briggs looks
higher on tape action. The latter
has excellent earnings this year
to recommend it. A better mar
ket in the next week or so will
revive many other pools, now
dormant, and then you may look
for the tips to fly.
It would seem the time to think
Of picking up some Of the motors
on the next reaction. Oakland
Pontiac and Fisher Body have
recalled 5000 employees and will
speed up on new models. We
may expect further news Of this
nature for a while, and this viii
be interpreted bullishly market
wise.
The Washington times., 1930-11-17
Output of Planes
Mounts to 2,71O

At least 2,154 airplanes were
manufactured in the United
States for civil use in the first
nine months Of 1880, the aero
nautics branch Of the Commerce
Department announced.
In addition, 556 military air
craft were delivered to the Army
and Navy, making the estimated
production ALTO.
The Washington times., 1930-11-17
Financial Market Ne Stocks Bonds Commodities and
Insurance Rate Is in Ratio
To Hazards Found

SECOND: IhAe I'll eheCCElCMA
repairs must be made by
licensed electricians, approved
by fire inspectors and every.
thing done to prevent fire.
Third: That the fire in
surance carried should be In
prOpOrtiOn TO the present value
Of the property in order to have
adequate protection. To know
this = complete inventory Of
everything that might be de-
strOyed by fire, ut replacement
value, should be taken from
time to time and kept In .
safety deposit vault.
There IL NO competition In
fire insurance rates in stock
companies, as the rate is made
by the local board Of fire under
writer's. ANY broker can Inn
mediateIy turn to his chart and
give you the cost over the tele-
phone for fire insurance on
your property by your descrip-
tiOn Of same.
Fire losses in the United States
amount to about $500, 900, 900 q
year! During the first nine
months Of this year fire losses
have increased approximately
8.28 per cent over the same
period last year. In explanation
OF the increase, reference is
made to increased hazard on &C
count Of drought conditions. The
total fire losses for the first nine
months Of 1880 amounted to $34e,
421 $50 in comparison with 1921.
774.536 for the corresponding
period in 1929.
People Seek Security
Life insurance is one Of the few
industries whose sales have ex
ceeded the high level of 1929 in
spite of the general business de
preston. This, for the reason
that in dull times people look fol-
Security-and life insurance is Sc
curity. When an investor buys q
AAAS AAoAA NAANC OobnJCs A4C PuACkIhOCs
1t on the installment plan, but diff
ferent from other forms Of invest
ment, he will receive the full face
value Of the estate even IL he dies
before all the installments are
paid.
Millions Of dollars Of life insur
ance has been purchased by bust
ness men in the past year to plug
their losses in stock transactions
In the first eight months of 1890
over $4,000, ,000, 900 of new life in
Surance was purchased from A
United States companies and over
81, ,000, ,000, 900 of industrial insur
ance. These amounts, together
with the group insurance pur
chased by firms and manufac
turers during the first eight
months of this year, shows q
grand total of $8,67S, sol, 900 OF
new life insurance purchased BY
the American people from Janu
ary l to August 81, 1890.
The Washington times., 1930-11-17
The Oils

stocks has been brought about
by the Governments hands Off"
policy on the copper curtailment
program. It is felt that petrol
cum leaders may get together on
some new arrangement other than
the one which met with Federal
disapproval q year and half
ago.
Well-informed quarters look
3or Sope action in this direction
before long, especially in the re-
filming end. There undoubtedly
win be a "flock" of mergers, too,
before long. Which gives the
oils definite speculative appeal.
Jersey is being well bought, as
are many Of the others, both the
leaders and the low-priced ones.
The oils in general are in good
shape financially.
Watch Auburn. I think the
stock has seen bottom. Auburn
is the only other automobile
company to earn its dividend
this year, and the company will
have new line Of cars next year
including a 16-cylinder Cord and
q 12-cylinder Auburn. The stock
has strong market sponsorship
and is one Of the high flierS Of
the big board.
Rubber
I am told rubber will be the
next of the commodities to be
Stiffened by concerted action OF
the worlds leading producers and
there is talk of sharp advance
ia crude prices before long. This
time will be bullish on the rub
Der stocks for the big companies
for some time have been heavy
buyers Of the raw product. There
has been good buying in these
stocks for some time in antici-
patton Of such a move.
Well informed interests are
huilish on Goodrich and point
out that it moved against the
trend for the last three weeks,
most Of which time the market
was nosediving, indicating good
absorption Sharp advances also
viii be witnessed in Goodyear,
Firestone and U. S. Rubber COM
mon and preferred If the above
develops.
Better action Of the movie
stocks was an encouraging de-
velopment. Perhaps some Of the
situations" ru ored in the
Street have been cleaned UP,
But 1t will take more than a
days advance to prove this.
There is still time to buy these
stocks. as most of them are way
down from their highs.
Here and There
The next big outburSt of Specu-
lative activity will undoubtedly
take place In the lower.priced
stocks, since so many Of the old
time favoriteS are selling at $50
o share and under.
They are talking Of a sharp
rise In National Lead. The stock
spurted almost 10 points Satur-
day. The company will be helped
o lot by the Improvement in the
metal situation.
Another stock that will gain
from the copper situation is New.
mont. This trust has huge hold
,iags of copper stocks, and also
Is heavily Interested In oils.
The biggest Of the bears Is said
% have turned bullish and to
The Washington times., 1930-11-17
U. S. Trade Balance
Is Held Favorable

For the fourth consecutive
month American exports showed
a gain in october, the Commerce
Department announced today.
Imports increased three months
in a row.
However, for the 10 months
period ending October 81, the
total trade Of $5, 1923. .O00, 900 was
$2,l93, 900, 900 under that Of last
year. Exports amounted to
$4,372. 200, 900. a loss Of $1,092,-
100000, while imports were
valued at $3,751, ,000. 900, a de-
cline of $1,10l ,O00, 900.
The favorable balance Of trade
for 10 months was 1921, 10000.
The Washington times., 1930-11-17
Britain DiscLOses
Decline in Exports

A further decline in the over
seas trade Of Great Britain was
registered in September with to-
tails less than In August and less
than in September Of last year,
according to a report to the Com
merce Department.
For the nine months ended
September 80 exports were E508,-
$4,000, compared with f627 ,699.-
600 for the same period last year.
Imports we're E785, $4,000 against
f807, ,957 900.
The Washington times., 1930-11-17
United Artists Net
SI.I8 Per Share

NEW YORK, Nov. II QNS0.
The financial report Of the
United Artists tIeater circuit,
Inc, and subsidiaries, showed q
net income of $869,63l for the
year ended August 81. !
This compares with $1.1l3.T32.
After deducting $3.50. 600 for pre-
ferred dividends, there remained
$3.50, ,631, equivalent 10 $I.i0 a
share on the 100000 shares of
common stock.
The Washington times., 1930-11-17
Local Stocks

SALES
Washington Gas 6s A, $4,000
1924.
Washington Gas IS B, $4,000
los.
Barber and Ross common, IS
013h.
Mergenthaler Linotype, 100
S9B, 5089B.
AFTER CALL
Washington Railway and Elec-
trio IS, $5,ooO@S7A. $4,000
8TA.
Mergenthaler Linotype, 8@89B.
Public Utility Bonds Bid Ask
Amer Tel & Tef AS I3s. .II43 ...
Am Tel & Tel Ct'l. Tr IS. loss ....
Anacostia G. Pot. r r SIS. SO So
Ana & Pot Guar 5s...... 95 9S
c & Tel of Va IS. I102 So.
Cap Traction r R 5s.....I 81 S5h
City & Suburban 5s...... SO 50
Georgetown Gas 1st IS. l1O3 80.
Potomac Ele Cons Ss...... .i102% I10Sh
wash Alex & Mt ' ctf:.. "a .. w
Wash BALTIC & An 5s..... 35 a
Washington Gas 5s........l 10 10
Wash Gas 6s series A.. .l104hi i105
Wash Gas 6s series B.. lies ilo6
Wash Ry & Elec 4s.... S71sl IS
Miscellaneous bonds I
Barber & Ross Inc 6hs..I Sc 81
Chevy Chase Club 5hs..10O
d C Paper Mfg 6s........ 50 IS
W NJ Cold Storage 5s... VS
Wash Cons Title, 6s..... -. leo
Public Utility Stocks
Amer Tel & Tel ...,...TiS9ET.
Capitol Traction Coz. 4sS 5oM
Wash Gas 1t Co.......... .I12O i1aS
N & w Steamboat ..l2l0 l2b0
Pot Elec Power SIS pfd. lii liz
Pot Elec PWr 5hs pfd. .t10SE los
sWash Ry & Ell com l400
sWash Ry & FL pfd. ..... 97% 90
National Bank stocks -
Capital ..................2 1880 I250
Columbia l4OO
Commercial (stampedj. ..... a2s s:s5
OlsITlcI '.......'ss sssss.sss. t20S 2S0
Federal-Ameriean ......... 1855 less
LiDerby .l195 1900
Lincoln ........s@ssssss...l4 400 425
Metropolitan .....:........3 320 400
RIGGS (l6s). ................. AS 4s5
Second ....................1 175 205
Washington .,.,...,........l2 l240 l250
Trust Company Stocks
Amer. Sec. Tr. & Tr Co..I355 $3.50
Continental Trust. I120 I140
Merch. Bk. Tr..'........l .l1oSht113h
The Washington times., 1930-11-17
MARKET RISE
IS BACKED BY
LEADERS
The Spectator Believes That a
Determined Effort Is Being
Made to Revive Upswlng
BY THE SPECTATOR

1t looks as though there
is a concerted action by at
least some of the powers
that be to see that the
market is put UP. Stocks
enter q new week with five
days Of advance behind
them.
Sentiment has improved
q lot, and the rally has
many well.wiShers.
The danger is that The
advance may become too
rapid. The general feeling
Is that a reaction is due in
the next few days. Wait
and see how stocks act on
the next sell-off.
The Washington times., 1930-11-17
TRANSFER APPROVED

Governors of the Los Angeles
Stock Exchange and Curb Ex-
change yesterday approved the
transfer of the seat membership
within the firm of Lyndol L.
Young to George Castera.
The Washington times., 1930-11-17
Wall Street
Hears:

That attention Is being at.
tracted to American Sugar Re-
filming (ASR).
That the fire insurance COM
panies are beginning to buy
common stocks.
That recOFd-breaking amount
Of Odd-lot buying has been COM
ing into the market.
That Air Reduction (ADN) Is
attractive for trading turn.
New Britain herald., 1930-08-09

commended Tie the rope of hung criminal around the forehead"
 For the collie, Alexander of Tral Ies prescribed the heart of living lark to be worn as an amulet on the left thigh. As a remedy for epilepsy the same physician advised the wearing of the forehead of an ass.
 Bizarre asd ridiculous as these remedies appear 10 us today, they were not inconssten with the then prevailing philosophic conception of the nature of disease, For then it was thought that all disease was from the heavenly powers, which in their infinite mercy to mankind, placed upon earth the remedy for each.
 It was mankind's task, or at least the task of the learned doctors, to ind the remedy for each disease.
 In the search, nothing vas too ugly, too ropulsiye, tco5odd to test as remedy. Ignorant credulity ac- credited to certain of the tried sub stances miraculous powers,
 The horn of the mythical unicorn was 2 great remedy for many evils, Powdered Egyptian mummy was almost as great a panacea, and a strange Concoction of drugs known as theriac was considered an eff cqcious cure-all. even down 10 the m1d1le of the last century.
New Britain herald., 1930-08-09

When one day Lefty as usual come in crying piteouSly because some child had her her her mother took her firmly by the hand and walked with her to the scene of the trouble.
 All right, Lefty. here's the little girl who hit you. Now you hit her back"
 Lefty summoned up all her cour- age and struck feeble blow-but still blow.
 So astonished was inc other youngsters that she forgot to strike back and Lefty turned and ran away shouting triumphantly, T lighted her! I lighted her and she is afraid of me-"
 This was not the end of Letty's troubles, put it marked the begin ming of a new attitude that even- tually helped her to make a satis- factory adjustment to the children of her neighborhood.
 An excessively timid or over gentle child often needs this sort of help before he can learn to play happily with other children. It may not seem ethical to teach child to hit back but It is sound practical education.
New Britain herald., 1930-08-09

main long and slender, with fullness placed particularly at the back of the gown, the hips continuing form fitted with marked width beginning anywhere from above to just below the knees. Hens are voluminous and waistlines are all drapcd CT belted
 Trimming effects are placed at the hips or the back. signalling a new departure consisting of pleats and flares. Informal clothes have pleated godets, ruchings, apron and fishwife effects for afternoon, with box -pleated volants providing the most striking feature for evenings Bolero and cape effects for after noon and evening are replaced by a multitude of berthas, sometimes dropped, leaving the upper arm bare, or used diagonally or covering both arms to the elbow.
 Sleeves short for Afternoon
 Short sleeves especially distln- guish the afternoon frocks. Decol-
New Britain herald., 1930-08-09

letes are extremely moderate with the backs remaining decided low, both generally pointed. Looped bows or jewelled ornaments are generally favored for the back. The spiral volant, starting from one shoulder and encircling the hips to form a basque, ending in deep volant kneeward, shows a new develop ment.
 Evening cloaks are knee length sumptuo'Sly trimmed with fur eff fleets of fAchings and capelets rem- iniscent of the eighties. Only the most formal are longer.
 Attractive color mbinations are introduced for evening, with the wrap sharply contrasting with the gown, as in green lame over bor- deaux chiffon or chestnut brown over ivory. Black still predominates, but many charming ensembles are in sapphire blue, pale pinks, grays, deep greens. Here Lelong is seen at
New Britain herald., 1930-08-09
Fighting Back
By AlLt.a Ind Scn PG:

By Alice Judson PeaIe
 Almost every day Lefty would come running to her mother with tale of woe-"Pearly, she lighted me-" Or Billy ia q bad boy he took away my shovel"
 It was with difficulty that her mother could persuade her to go back to play again. She developed more and more a tendency to stay al home.
 She would think Of all sorts of excuses for staying in the house rather than attempt the hardship of playing with the youngsters of the neighborhood.
 It was plain that she really had come to dread them, that rather than face them she preferred day atfor day to play in solitude. Some thing had to be done about it.
New Britain herald., 1930-08-09
By ANNE ADAMS

These blind searches were not without profit, for long before the nature of malaria was understood, and it's cause defined, the Indians of Peru discovered remedy for it in cinchona bark.
 The natives of Brazil used lpecao in the effective treatment of amoe- bic dyscntery. Mercury for the treatment of syphilis was discovered during the middle ages,
New Britain herald., 1930-08-09

his best contrasting these colors with the richest materials.
 Lengths Remain Same
 For morning and afternoon wear, greens, browns, navy blues and dark bordeaux are emphasized. Dull surface fabrics prevail, with many shortpile velvets all giving an impression of luxury and dignity. Most fancy materials are reserved for sports clothes. The lengths ap- pear stabilized, with sports clothes amply covering the knees; afternoon dresses varying from midcalf to ankle, depending on the degree of formality, and evening gowns just off the floor.
 Flat furs are used for yokes, cuffs and basques for afternoons. For evening, astrakh1n, broadtail. fox. fox skunk are most used in collars. large and intricately shaded.
New Britain herald., 1930-08-09
BY ROSETTE HARGROEE

Paris, Aug ] ? - With the first gala opening of fall and winter fashions, Lucien Lelong confidently glorified the new era of long skirts for afternoon and evening wear with diversified effects and a be- wildering luXuriousness of materials and accessories. The blossoming charm and dignity of women's dress, hesitatingly introduced yesteryear, burst into full flower. The crowded salons echoed with applause and upon the appearance of various striking models, experts raised champagne glasses in appreciation and approval. Lelong sensed a spirit and contentment and good humor in interpreting feminine wishes and achieved artistic triumphs with the accompanying soft music of an, or chestra.
 Silhouette Little Changed
 The. silhouette is destined Sto re-
New Britain herald., 1930-08-09

mean.
 Those little words so often seen
 Farmer Drowns Boy. It just happened that Farmer Browns Boy saw Jim Crow when the other Crows forced him 10 fly over 10 the Green Forest Farmer Browns Boy had happened to ba looking down or the Green Meadows when the other Crows arrived Ho saw them surround Jlr, Crow and presently ne saw Jim Crow ny away with them.
 T do b4Neva." sad Farmer Browns Boy. talking 10 himself that those Crows made Jim Crow go with them. That's the way fl looked to ne. Now. I wonder why. I wonder what they are up 10. do hope they don't mean any harm 10 Jim Crow. It looks 10 me as if Jim is trying to get away from them I believe I'll follow 10 see whats going on.'
 So Farmer BrOTC's Boy waited until the Crows had ljsa npeaccd in inc Green Forest Then he hurried after them. Farmer B~o~n's Boy knew that they probably had sen tineIs on watch. You see. he knows q lot about Crows So when hA reached the Green Forest he moved very cautiously. I. didn't take him long to discover where these Crows were. As he had expected he dis covered 2. sentinel on duty Then Farmer Browns Boy moved more cautiously than ever. He didn't want to give the a1arn. Presently ha discovered that the san1reI was not paying attention 10 his business He was too much interested T what was going on amongst inc other Crows. So. moving very rarefuIly. Farmer Browns Boy ar last goti where he could see the whole per tormance, There sat Jim Crow Yes, sir, there sat Jim Crow 51 the middle Of a circle Of Crows and Jim Crow looked most forlo-n and un- happy. In fact, Jim Crow look"d frightened.
 Every now and then Crow would lean forward and 58boer in Crow-talk When he had finished another would do the same thing. Farmer rown'z Boy suspected that Jim Crow was the subject of that Crow-talk. Yes. sir that's what he suspected. One. and once only, did he hear Jim Crow say anything Neanw hile, the voices Of those Crows sounded more and more angry, They did so. They sounded very angry indeed. Farmer Browns Boy began to feel uneasy, He didn't like the sound of those angry voices He had a feeling that things were not going altogether too well for Jim Crow However. he didn't want 10 interfere.
 I'll wait" said Farmer Browns Boy. 1T won't interfere until there seems to be real need of it; but I won't let anything happen 10 Jim Crow. It looks to me as if this is trial Yes, sir. that's what it looks like If it is q trial, I want to know what they're going to do to Jim Crow"
 So Farmer Browns Boy remained hidden where he was and listened to all that went on The Crows be- came more and more excited: they cid more and more iabberinr. Final ly. ~t . signal from one old Crow,