davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-11-07
Election Viewed as. New
Disturbing Factor

chance that various regulatory
measures will be put through. At
least, there viii be serious threats.
Probably the chances Of revis-
ing various tariff schedules down
ward are increased. This might
benefit the country as q whole,
but would be disturbing to the In
dustries directly affected.
On the whole, It is my feeling
that the elections may be con-
sidered as q further disturbing
factor In the stock market.
Exchange Loans Down
AS to security loans, the recent
Stock Exchange report shows a
surprisingly large reduction. This
emphasizes the size Of the lqui-
dation that has been going on.
In a single month, the borrow
ings Of Stock Exchange members
have been reduced by over
$o25, ,00O,0
The Stock Exchange loans on
securities fell much more sharply
than the loans to brokers as re-
ported by the Reserve member
banks. This may be due to the
fact that the member bank re.
ports include loans to many bond
houses which are not Stock Elk.
change members. It may be that
these bonds houses have been
forced to support bonds dumped
by SPECTATORS carrying stocks on
margin. That would make them
increase their loans and tend to
offset the lower loans on stocks.
This may explain the failure Of
the bond market to rise more de-
cidedly when money rates are 50
low.
One thing to remember, is that
the loans on securities measure
not only the demand for invest
ment funds, but also the supply
Of such funds. So one reason why
the loans are decreasing is that
lenders are withdrawing credit.
Note that the low rates for time
money caused a larger percentage
of increase in time loans than
occurred in. demand loans.
This thought suggests continued
"dribbling liquidation"
The Washington times., 1930-11-07
PAPER AND pulp
SHOW DROP

According to identical mill re-
ports to the statistical department
Of the American Paper and Pulp
Association, from members and CO
operating organizations. the daily
average paper production in Sep
tember showed a 3 per cent in
crease over August, 1880, and a de-
crease Of is per cent under Sep
tember, 1929. The daily average
wood pulp production in Septem-
ber registered practically no
change from August, 1880, and a
decrease of Is per cent under Sep
tember, 1929.
The September production Of
newsprint, uncoated book, paper
board. wrapping bag, writing, tiS-
sue and hanging registered a de"
crease under September, 1929, out
put. The production of all major
grades Of paper during the nine
month period ending September,
1890, registered decreases under
the totals for the same period Of
1929. Shipments Of all major
grades also decreased during the
nine-month period of 1880 as COM
pared with the same period Of
1929.
All grades, excepting wrapping,
hanging and building papers,
showed increases in inventory at
the end Of September, 1880, as
compared with the end Of August,
1880. AS compared with Septem-
Der, 1929, increases in inventory
were registered in the following
grades: Newsprint, uncoated book,
writing and tissue papers.
Identical pulp mill reports for
the nine-month period ending Sep
teInber, 1890, indicated that 6 per
cent more mitScherlich sulphite
pulp and per cent more kraft
pulp was consumed by reporting
mills than for the same period Of
1929. The total shipments Of all
grades Of pulp to the open market
during the first nine months of
1880 were approximately 10 per
cent below the total for the same
period of 1929.
All grades Of pulp, excepting
bleached sulphite, easy bleaching
sulphite, kraft and soda pulps,
registered decreases in inventory
at the end of September, 1890, as
against the end of August, 1880
AS compared with September,
1929, soda pulp was the only grade
whose inventory registered a de
crease.
The Washington times., 1930-11-07
HIGH MARK SET
BY SAVINGS
DEPOSITS
Increase Of More Than Quarter
Million Reported by Ameri-
can Bankers Association

Despite business depression saw
ir1gs deposits In banks and trust
companies of continental United
States increased more than a
quarter of q billion dollars In the
year closing June 80, 1880, or
$267, ,180. 900, reaching the highest
point ever recorded, according to
statements received by the Anleri-
can Bankers Association, today.
This contrasts with q loss IN saw
ings OF $195, ,305, 900 reported by
the division for the similar period
a year earlier which was in the
midst of boom times. Total saw
ings now stand at nearly $2S, 1885,
600, 900, this years report shows.
''Thls mark, topping as it does
the highest figure previously eS-
tabliShed, isOlates the recession
for the year ending June 20,
1929, as being the only one in
time deposits since records have
been kept by the division, .
period running back to 191O."
declares w. Espey Albig, deputy
manager Of the savings division.
''It also further demonstrates
that the recession Of last year
was due to q cause or causes
other than lack Of employment
or Of earnings, for during that
year employment was at very
high tide and enormous sums
were distributed in dividends.
"'This year industry has Oper-
ated below normal. Pay rolls
have been reduced; wages, also
in some places. Unemployment
has been rife in practically all
parts Of the United States, be-
ing greatest, Of course, in the
industrial centers. As q result,
the volume Of money available
for deposit In savings is much
lower than during the last year
or two.
''This total number Of de-
pOsitOrs reported Is 52.769,175,
a gain Of 5,O48 over last year.
1t is only because Of the great
increase in the number Of de.
pOsitOrS in q few States that the
total for the United States
shows a gain: in most States, q
loss Is recorded. This is true
not only Of savings 6epOsitors,
but also Of savings deposits"
The Washington times., 1930-11-07
10Th CENTURY
STOCKS Up

The accumulations on the 20
underlying stocks Of the Twenti'
eth Century Fixed Trust from
September / to November / are
in excess Of 50 cents per Twenti-
eth Century share applicable to
the next coupon payment, &C
cording to Roberts. Roach & Co,
Inc, Of New York, sponsors for
the trust.
The shares Of the trust each
carry a 30-cent coupon which is
payable semi-annually. The &C
cumulations on the underlying
shares of the trust are already
% cents in excess of the neceS-
sary coupon amount which will
be disbursed on next March !.
Each Twentieth Century Fixed
Trust share is one one-thousandth
participating interest in q unit
consisting Of four utilities, four
oils, 13 industrials and eight rail
roads. The certificates are issued
by the Bank of America, N. A.,
Of New York.
The Washington times., 1930-11-07
Here and There


Coca Cola has been meeting
good support from insiders. The
bears have been pounding away
ct Westinghouse. The stock is
loaning at o premium, indicating
a substantial short interest. In
general, however, the short in
terest seems to have been re
duced in the last two days,
Uncle Sam seems to be having
the same trouble the average in.
dustrial corporation is going
through this year. The October
report, showing declining re-
ceiptS and larger expenditures, in
dicates that the Treasury will
have to do some tall scratching
to keep out Of the red.
Standard Gas is almost an ellen
in the utilities, for it is selling at
about IL times earnings. Most of
the power and light stocks de-
spite the recent deflation are
still above the so-called conServa-
tive Is to / ratio.
Loews is acting as though it
were just rarin' to go. The stock
ought to be a leader in any sort
of a rally. and could easily sell
much higher and yet be cheap
on earnings. Radio Keith at cur.
rent levels Is an attractive spec
ulation. The stock Is being well
bought. Earnings are good.
The Washington times., 1930-11-07
nanciaI Market Ne Stocks Bonds Commodities and Comment
Apple, Potato Crops
Exceed Expectation

CONCORD, N. H.. Nov. z
GNs0-Harvests Of apples and
potatoes in New Hampshire were
larger than first expected, accord.
ing to q report by the New Hamp-
shire Department of Agriculture,
although the corn yield was not
as large as first indicated. The
total apple crop was estimated at
1855, 900 bushels or about 80 per
cent above that Of last year and
II per cent above the average.
Much Of the New Hampshire po
tato crop has been dug and yields
have turned out higher than ex.
pected.
The Washington times., 1930-11-07
Holders Of Dupont
Stock ShOW Gain

The number Of shares Of E. I.
Dupont de Nemouts & Co., re-
corded in the names Of brokers
showed a decrease Of 35 per cent
in the past year, indicating the
withdrawal of stock from the
market by investors, according to
a report issued by the company
today.e There were 396,618 Du-
pont shares recorded as being in
the hands of brokers on october
81, compared with 614,034 on the
same date last year.
Holders of common stock
reached new high record with
32,693 names listed on october
81, an increase Of 1850 in a
year.
The Washington times., 1930-11-07
Hudson Motor Put
On FiUe-DGv Basis

DETROIT, Nov. 7.-Coincident
with commencement Of It's pro
duction program of new Hudson
and Essex models. the Hudson
Motor Car Company has adopted
a five-day working week, effective
Immediately. Hudson officials see
many advantages in this policy
not only from viewpoint of man.
utacturing economies, but in fur.
thering employment to a larger
number Of men, q matter Of ma
tcr consideration at this time.
The Washington times., 1930-11-07
BY LEWIS HANEY

Director NetO York University
Bureau OF Business Research
and Former Economist OF
Federal Trade Commission
The two outstanding events OF
the last day or two are the cleo
tions and the news concerning
loans on securities.
AS to the elections, they indi-
cate considerable Democratic
gains and cannot be pleasing TO
the industrial leaders. Wall Street
is predominantly Republican, ana
the financial policies favored by
wall street are mostly those
which have in the past been sup
ported by the Republican party. !.
While it is to be remembered
that the new Congress does not
begin to function for another
wear, it remains true that the
election affects the attitude and
sentiment Of those who still hold
office. They now know which
way the tide is running Aney aAe
not likely to do much.
Important Problems
In fact, 1t looks like the. nation
is in for a disturbed and inactive
period as to national legislation
Perhaps it is just as well that
there should be little legislation
for a while. Some people will
welcome that prospect. But there
are important problems In bank
ing, transportation and agricul-
ture which really need wise legis-
lative action.
That is what it amounts to.
For two or three years there Is
likely to be no decided control IN
Congress. Neither Of the two
great parties will be decisively
predominant. Responsibility for
legislation will thus be divided.
With such a narrow majority
on either side, the radical Repub-
lican element will probably be
able to increase its influence.
Business interests will not relish
this prospect, for 1t increases the
The Washington times., 1930-11-07
'IndIGn.TerGs Deal
Terms Announced

NEW YORK, Nov. - The
Texas Corporation offered to ex-
change It's stock for common
stock of the Indian Refining Com
pany on the basis Of one share Of
Texas Corporation for eight
shares Of Indian Refining Com.
pany stock: provided, that on or
before December is, rs per cent
of the Indian Refining Company
stock shall have been deposited
with the Guaranty Trust Com.
pany Of New York for exchange.
The Washington times., 1930-11-07
ATLAS DIVIDEND

The board Of directors Of Atlas
Powder Company, at a meeting
held the 5th inst, declared a
dividend of 81 per share on the
stock payable in cash December
no par value common capital
10, 1880, to stockholders of rec
ord at the close Of business on
November %, 1880.
Checks will be mailed. The
stock transfer books Of the COM
pany will not be closed for the
payment of this dividend.
The Washington times., 1930-11-07
EXCHANGE MEMBER

Bodell & Co., of Providence,
New York, Boston, Hartford and
New Haven, have been elected
Of the New York Stock
Exchange. The floor member
will be Frederick Bodell. The
firm does a general investment
banking business and has for
many years been an associate
member of the Curb Exchange.
The Washington times., 1930-11-07
European Steel
Cartel MGy Continue

At q meeting Of European steel
cartel in Brussels agreement was
reached as to necessity Of pro
longation Of the cartel after end
Of year. Committee was ap-
pointed to study basis for pro-
longation. There will be definite
action at a meeting at Paris on
December 5.
The Washington times., 1930-11-07
DIVIDEND DECLARED

At a meeting Of the board Of
directors of the Chicago Corpo-
ration held today, the regular
quarterly dividend Of IS cents q
share was declared payable on
the convertible preference stock
on December /, 1890, to holders
Of record November is. 1890.
The Washington times., 1930-11-07
BUYING IS NOT
SAFE NOW,
EXPERTSAYS !.
Spectator Declares Market Is
Not Due for Rise Yet; Signs
of Future Markets Good
BY THE SPECTATOR

The market showed q lit
tie more courage yesterday.
A semblance Of a rally de-
veloped after early weakness,
but the list sagged off to-
ward the close as If tired
out by the effort. Aggres-
sive buying was still notice
able by its absence. There
4 is no apparent inducement
to make any new commit.
ments in the market at
this time and my advice is
still to stay out.
The Washington times., 1930-11-07
NJ. H. FishnaUu Sales
Gain in October

M. H. Fishman Company re-
ported today sales for October Of
$235 ,926, against $210,595 in Octo-
ber, 1929. Sales for the 10 months
ended October 80 totaled $1,645,.
979, against $1,420,966 in the like
1929 period.
The Washington times., 1930-11-07
Wall Street
Hears:

That considerable amount Of
scale buying has been coming
into Western Union (WU).
That American Ices (IS) net
will be above last years.
That Commonwealth South
ern (CW) will be one Of the
market leaders when the mar
ket turns upward.
That Air Reduction (ADN
viii net about $3.50 a share
this year.
That LOew's (LW) was well
bought on the recession yester.
day.
The Washington times., 1930-11-07

sure and harbors a large short
interest, the stock loaning at a
premium.
The Washington times., 1930-11-07

The rails have been acting
soggy on fears of dividend cuts
due to reduced earnings this
year. Southern had another
lapse, making a new low year
despite assurance that the SO
dividend was safe this year.
Erie has been under steady pres
The Washington times., 1930-11-07

Director NetO York University
Bureau OF Business Research
and Former Economist OF
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13
THESE FEATURES Make THE
CLEANER BALDWIN A
BETTER BUY

Before buying a Combine study the
Cleaner Baldwin construction, beginning
with the rugged, powerful, all-steel
frame. Note the harvesting unit, the
steel pan, combining harvester platform
and feeder housing into one unit; the
aII-steel spiral cOnveyOr-feeder, which is
the only moving part between sickle and
cylinder. Note the absence of friction
creating, power consuming working
parts throughout. You will be impressed
with the simplicity,-the absence of cam
vas cOnveyOrs, feeder raddles, universal
joints, rollers, and extra parts.
Study the action of the special rasped
bar threshing cylinder. Note its forward
location directly behind the harvester
unit instead of half way back in the sep
arator See how it threshes the grain
without chOpping or pulverizing the
straw.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13
Local Brevities


A. J. Moore and sons Donald and
Lyle motored to Glasgow Saturday.
where they visited Mr.. Moore's
brother and looked after business
interests.
Used tires at a bargain Tire Shop.
Have your tires vulcanized at the
Tire Shop.
Mrs. Meta Robinson will leave for
Kenmare Saturday to visit with her
sister Margaret. From that city she
will go to Minot, where she will at
tend college during the summer
Mr.. and Mrs. Carl Bull motored
to Regina, Sask., the first of the
week, where they will visit Mrs.
Bulls brother and attend a conven-
ton of the Lions organization.
Robert Loos, formerly Of this city,
was married this week to Miss Ella
Sherman of Princeton, Mimi. After
short visit here, they will return
to Princeton, where they will make
their home.
Pearle Moe, Hannah Hendrickson,
Palma Lidahl, Harry Thompson,
Wallie Melquist, August Ersness
the Chris Knudson home at six o.
clock Sunday morning.
90
Mr.. and Mrs. Charles L. Johnston
of Kansas City are visiting at the
home of the formers parents, Mr..
and Mrs. c. c. Johnston. They ex-
pect to leave Saturday on their re-
turn trip after having spent a pleas
ant week visiting relatives and old
time friends.
Heavier tires vulcanized and bat
teries charged at the Tire Shop.
DO
Mr.. and Mrs. Orval Bantz, accom-
panied by Geo. Bantz, left Thursday
morning for Detroit Lakes, Mimi,
where the latter will visit with his
family. The former will continue
on to Duluth, Mimi, to visit with
Mrs. Bantz's folks. They expect to
be gone about two weeks.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13

Harlowton Up The race is on.
Boys and girls of Musselshell valley
are securing hills and dales for
predatory animals hoping not only
to win a slice of the $500 prize
money offered by the state fish and
game commission but also several
attractive merchandise prizes furn-
ished by the Musselshell Valley
Sportsmen's Association. The preda-
tory animal killing contest opened
May 1 and will close August 1.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13
Observation-Disclosures

Gwendolyn Matkin, we'll known
Plentywood young lady, a daughter
of Jud Watkins of Redstone, was
married in this city the first of the
week to Mr.. Dan Mcintosh of Salt
Lake City, Utah.
The bride is one of Plentywood's
most popular young ladies'. She is
a graduate of the local high school
and has been teaching the past year
in the public schools at Redstone.
The groom is a stranger to Plen-
tywood folks, but Gwendolyn's host
of friends rely on her good judg
ment to pick a man of high char
acter as her husband. Mr.. Mcintosh
is railroad man by professional.
The happy young couple left Tues
day to visit the groom's parents in
Salt Lake City, Utah, where they
will remain for a short time before
going to Rupert, Idaho, to make
their future home.
Congratulations and best wishes
for a long and happy married life
go with the newlyweds from their
many friends in Plentywood and
Redstone.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13
THE PRODUCERS NEWS

I Ity!s agents entered the places.
Wltnn 10 minutes the sounds of
breaking glass and the ripping up
oL Dars attracted large crowds to
places.
Large quantities of whisky, beer,
WINE and gin were seized and de-
SSIroyed, Orville Jones and John l..
Fletcher, directing activities, said.
All fixtures, from paper sacks to
electric fans and cash registers,
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13
Prohis Raid Twelve
Resorts AT Billings

Billings, June 6.-Barroom fix
lures and furnishings in IL Bill
lngs resorts went under the ak
Thursday night in one of the most
extensive prohibition raids ever
staged in the city.
The raids took place simultane-
ously at $3.50 o'clock when a dozen
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13

Lewistown-UP - First Montana
wool sale of consequence reported
this year was the purchase of 1000
fleeces by SHERMAN & Sons of Chi
cago from Bon Waite, near Hobson,
for 81 cents. There have been small
clips sold prior to this sale, but no
large deals. Price ranges for the
smaller consignments have ranged
between 20 and % cents. Eastern
buyers are expected in the fore part
of June. Wool growers expect prices
will be from eight to ten cents low
er than 1929.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13

went under the seizure edict. Thir-
teen men were arrested.
TIE raid, Sam Roberts, deputy
administrator of prohibition for
Montana, said, signalized the In
auguration of strict enforcement
policy for the city.
Recently, Judge George M.
Bourquin ruled against proprietors
of establishments at Butte in their
attempt to have restored fixtures
seized by prohibition agents there.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13
"Nerves'' onEdge?

Start today to get rid Of nervousness,
sleeplessness, and increase vitality by
taking tablespoon of Tanlac before
each meal and bedtime for two weeks.
Nothing like it to rid you of that
tired, strained feeling and sleepless
nights. 1t must help you, or money
back.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13
EXCLUSIVE FEATURES

AbOUe is shO,Un the GII-steeI har.
Uester unit and feeder housing
sUhich has reUoIufiOnized Combine
design and construction. There are
no cdnUGs cOnUeyOrs or feeder rad
dies. Combine design is simPIifed
throughout; lost motion is abolish
ed; height and friction is reduced;
steel replaces cGnUGS and UGIuGbLe
space ia the forepGrt of the Com
bine is utilized for separation in
Cleaner BaIdiUin Combines, instead
OF being a part of the cOnUeyOr-
feeder mechanism, as is the case
sUith canUds equipped machines.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13
local MARKETS

o,d Erwin Marsh mot
Loa.S Reserve Wednesday on d
ss5sipess TIP -oo-
I'D Mrs. L. V. Hansen OF
" a rere business callers IN this
a. tuesday 90
unudson and Minnie were
AIs st the H. NJ. HendrlcKsoh
ca en- wednesday.
,..,es Donald and Gerald Car
i,o-o,,t1ook were Plentywood
re- .-srs Wednesday
- Johnson of Scobey was a
Boy u, Plentywood Tuesday at
Ss.iSSl = Johnston home.
-. Olson and Victor Dahl Of
Va ~, we're in town on business
ATs.iFs ,s of this week
miller Phil Ziebarth and
Z / Godfrey left Tuesday on a
s sali; trip into Canada.
iN 40
-. and Mrs. Undhjem and family
Nj - Portal. n. D., Tuesday for
eioss .,, visit with relatives.
90
III. Edith Matkin is employed at
., 70 pT1lentvwood Drug during the
y - If Mr.. and Mrs. Undhjem.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13
SELF-STARTER ON COMBINE
ENGINE

You will want plenty of sturdy, de-
pendabIe, economical power which is
supplied on Cleaner Baldwin Combines
by the Model SAP Ford Industrial en-
CINE, equipped with self-starter, the first
Combine engine eUer to be so equipped.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13
CHURCH NOTES
LUTHERAN CHuRcr

services at Plentywood at II q ~
services at Archer at $3.50 p, M
f1ehslous school is now in session
at the Lutheran church at pla,,t,-
wood with student Thorson =,
charge. All children not affi1ia+ad
WIN any other church or SunSec'
school are welcome. SUNDAY
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13
DINNER GUESTS AT
HENnRTCKSON HOME

The following were dinner guests
at the H. M. Hendrickson home Sun
day afternoon: Mr.. and Mrs. Selmer
Johnson and family, Mr.. and Mrs.
Lars Johnson and family, G. M.
Monson and two sons, Mrs. A. Mon
son, Pearl Moe and Alfred Brekhus.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13
/6cZeV
MIR. AND MRS. EGGE

Wednesday morning, Mrs. ]. A.
Johnson was hostess at breakfast
to Rev. and Mrs. Egge and family
at her home in this city. A deli
cious repast was served.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13

These are the hundred
Cleaner it
the
hVC ero Cleaners hmd
call and will
Iine We aIO oGiiOnt
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1930-06-13
"Our threshing bill
averaged 5000 a year with
extra hired help and feed to pay, com
pared with 500 this year ON the
same acreage"

s,rp combined POS ACRES IN pays ONE Mv and handled
Fp and gas for both ard Combine IL % We hired NO EXTRA
hnedhe mdtd
addition h SAYING 1881
OrOm,B
farmer
extra
Cleaner
of Cmbin
AS wheat crop d.
OF arid