davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-12
BONDS ARE LOWER
ON BIG OFFERINGS
Market Declines as German
Reparations Issue Is
Offered Public.
BY r. II. RICHARDSON.

Special Dispatch to The Star.
NEW YORK, June 12.-At a time
when the bond market was going
through test on its own account
through the offering of the $98,250,0 900
German government international 5Ia
per cent bonds at co. 1t had to bear
an additional load today with heavy
forged liquidation resulting from the
slide In stocks. The result was weak
market. with only sprinkling OF f1rm
or strong issues.
The Young-plan loan in itself might
have been easily absorbed because of
its attractive price, with money rates
still clinging closely TO their low range.
But the collapse of stock prices proved
too much for the bond market.
At the opening the new German loan
sold as high as IL points premium,
but II was later thrown onto the mar
ket in large blocks and the premium
was cut in half The offering syndi-
cate Is one of the largest ever formed
In the United States and covers every
sizeable city in the country. The books
were held open at the Offices of j. P.
Morgan 81 Co. until noon. 1t was then
announced that there had been a heavy
overSubScription. One feature of its
distribution was the large participa-
ton OF banks.
Prime bonds were ragged The lib
erty issues were actively higher, but in
the rails, induStrialS and public utili-
ties fractional losses were the rule.
There were declines in Canadian Ma
tional SIS, Canadian Pacifis As, Great
Northern rs, American Telephone 512s,
Standard OIL of New Jersey IS, Phila-
delphia Co. SIS, Utilities Power & Light
5 rs and American & Foreign Power SIS.
Convertibles, of course, followed stocks
into new low ground for the current
movement.
Junior rails were heavily sold, losses
resulting in st. Paul adjustments, which
went to new low; st. Paul SIS, Erie SIS,
MiSSouri-Pacific 512s, Frisco AIS, Sea-
board Air Line IS, Southern Railway Is
and Boston & Maine 5s. In industrialS
of a semi-Speculative order American
Natural Gas 6 l2S and Armour of Della
ware 5l2s dropped shade. Oil COM
pany credits were lower and so were
traction bonds. National Dairy Prod
ucts S LAS were one of the few issues to
make any Roadway.
Foreign bonds started strong under
the influence of the new German loan,
but subsequent selling assumed large
proportions and declines were the rule
in each group save the Italian.
Apart from the 98,250,000 German
loan, the only offerings in the new
capital market consisted of about
$500, 900 in municipals.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-12
Baltimore Markets

Special Dispatch to The Star.
BALTIMORE, Md, June 12.-Pota.
toes, white, 100 pounds, 225a275; new,
barrel, 2.75a550; sweet potatoes, barrel
2.50a4.5O; yams, barrel, 3.00a4.00;
asparagus, dozen, 75a2.75; beans
hamper, 75a1.50; cabbage, hamper, 5Os
go; carrots, 100, 50a4.50; celery, crate
cucumbers, hamper, 75a1.25; kale
bushel, 75a90; lima beans, bushel, 4OOs
800; lettuce, hamper, 25a75; onions
bushel. rs: green. 100, 75a1 rs; peppers
crate. 1.50a3.00; peas, bushel, 1.50a3 IS,
radisheS, 100, 1.00a3.00; spinach, bushel
l.00a1.25; squash, buShel, 5Oal 90;
tomatoes, crate. 90a250; apples, bushel
I.25a3.00; grapefruit, box, 2.50a6 90;
oranges, box, 350a9.00 peaches, crate
200a4.00; pinsapples. crate, 3.50a4 90;
strawberries, quart, 12a22; watermelons
10G, 60.00a100.00.
Dairy Markets.
Poultry, alive-Chickens, Springers
pounds, 25a40; Leghorns, 2Oa3O; ole
ROSTERS, 13a15; old hens, 22a24; Leg.
horns, 14al8; ducks. 20a22; Guine1
fowls, each, 50a75; pigeons, pair, IS.
Eggs-Receipts, 602 cases; nearby
firstS. 2212; hennery whites, firsts, 231S
Butter-Good to fancy creamery
process, >29a30: store packed, 10.
Hay and Grain.
Wheat-No. red Winter. export
l,03; No. 2 Winter, garlicky. spot, 1854
July, 1912; No. 8, garlicky, no quota
ton.
Corn-No 2 domestic, yellow, new
93a94 cob corn. ATS.
OatS-White, No. 2, 5112a52; No.
50l2a5l.
Rye-Nearby, T5a80.
Hay-ReceiptS, 10 tons. The general
hay market continues quiet under light
receipts, mostly by trucks, but ample
for the demand which is limited. While
not enough hay is arriving on which to
establish values by grades or carload
lots, the better grade of timothy and
clover mixed are in fair demand at a
range of 1000 to $500 per ton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-12

CT to the board Of
directors of the
F e deral Storage
Co, according 10
announcement to-
day by E. K. Nor
ris, president of
the concern. The
other directors of
the company are
Robert B. Hall.
James NJ. john
stol. Harold N.
Marsh. Charles p.
Stone, H. Ran
dolph Barbee, D
P. Gaillard, Henry
p. Irwin, c. Grit
fifth Warfeld and
Daniel L. Borden.
NJ E-a.-..
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-12
Washington Stock Exchange

Capital Traction-10 at $50.
Potomac Electric 5l2 % pfd.-2 at lot.
Merchants Transfer & Storage pfd.-5
at 10l.
Mergenthaler Linotype-10 at 9934.
AFTER CALL.
Potomac Electric SO pfd.-5 at l10la.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-12
BONDS.
Bid and Asked Prices.
PUBLIC UTILITY.
MISCELLANEOUS.
STOCKS.


Amer. Tel. & Tel. (ds) ........ 2l5I2 -,
Ga pit draf ftSSt CO CO sS7 g
N. & w. Steamboat tdl2) ..... 240 $50
N. g. w Steamboat rts wiz. u l7is
Pot. Elec. Power So pfd. ...... ll0I2 III
Pot. Elec. Power 5Izfo pfd..... lot l08
Wash. Rwy g. FL. com. 90. go. $50 -,
Wash. Rwy. & FL. pfd. (5)..... 1914 30
Wash, BALTIC. g. Annsp. CON-. 49,,
WASH, BALTIC. q Annap. pfd.... 49,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-12
STORAGE COMPANY
ELECTS DIRECTOR
Morgan Named on Board.
D. C. Retail Sales Show
Gain in May.
BY EDWARD c. STONE.

Charles Carroll Morgan, one of the
comanagers Of the Washington Office Of
G. M. 4 Murphy & Co., New York
Stocx Exchange brokers, has been elect
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-12
NATIONAL BANK,

American Sec & Trust (l51. 80. 385 4
Continental Trust 90 ........ l25
Merchants Bank & Trust 3D.. 125
National Saw. g. Trust G2+) .... $50
Prince Georges Blk. e. Trust, 80
Union Trust (8gl .............. $50
WASHINGTON Loan & Trust.,... 485
The Daily Alaska empire., 1930-04-18
DOUGLAS NEVIS
OFFICERS ARE ELECTED FOR
 ENSUING YEAR BY ID. F. D

The annual election of officers of the Douglas Volunteer Fire De- partment, took place at the regular meeting last night. The new of ficerS are: Guy l.. Smith, chief; L. w. Kilburn, foreman; o. H. Bliss, chief truck driver; A. J. Balog, president; Carl Lindstrom, vice. president; J. R. Langseth, secretary.
 Before the election of officers, a report of the years fire-fighting activities was made. It showed exceptionally small loss from dam age done by fire during the 12 months covered and during which there were six alarms responded to by the department.
 The one existing vacancy in the department was filled by the cleo tion of E. E. Engstrom to mem bership.
 Following installation of officers, a fine feed was enjoyed by the large turnout of members.
The Daily Alaska empire., 1930-04-18
pouglas wrote to Marshal white.

Douglas wrote to Marshal White
 The new Council now in charge, :" he added, "are fully aware of the help you have given us, and your attitude in this matter toward our request for the use of such labor on certain municipal work and at times when it is especially needed. They are grateful for the privileges as offered and ask that your pol icy in respect to permitting us this labor be continued. In fact, it means that we can look with favor and promise toward the accom- plishment of some improvements about the town and along our streets during the current year which for sometime have been bad ly needed. We assure you that in giving us this labor you are doing us a real helpful service, and it should be some degree of satis- faction to you as it is to us. that you are in a position to do such survices."
The Daily Alaska empire., 1930-04-18
MORTON DOWNEY IS
 AT COLISEUM TONIGHT

Admittedly one of the most pop ular night club entertainers in New York, Morton Downey, "Broadway's golden voiced tenor" who created a sensation in the melody picture, "Syncopation," in Pathe's all dia- logue and singing picture, Moth CTS Boy" will be seen and heard in another Pathe talking produc- tion Lucky In Love-" at the Coli scum tonight
 MT. Downey has the role of an Irish stable boy in this delightful screen creation. He loves dainty Betty Lawford, and how he wins her makes highly enjoyable enter tainment.
The Daily Alaska empire., 1930-04-18

Then Try the Rare Tang and Mellow Richness of Coffees from the West Coast of Central America
The Daily Alaska empire., 1930-04-18
SENIORS GO ON SNEAK

The Seniors, with their adviser Supt. Cathcart, took their annua sneak today. Once a year the Seniors, take day off and go or picnic This time they procured automobiles and drove to Aux Lakt beach, where they lunched. There are twelve seniors who took tht trip: Mona Carlson, Ali Niemi Frank Pettygroye, Alice Tassell Harry Tassell, John Cashen, Saimit Kromquist, Margery Fox, Elizabetf Sey, Mae Fraser, Urho Kromquist and Violet Johnson.
The Daily Alaska empire., 1930-04-18
TWO TOWNS PRAISE
 WHITE FOR PRISON
 LABOR GIVEN THEM

Resolutions of appreciation for the use of Federal prisoners on mu- nicipal street work have been re- ceived by United States Marshal Albert White from the City Coun- cils of Douglas and Skagway. This labor, it was declared, has been of material value to the communities and could not have been done by the two towns in any other manner owing to lack of finances to pay labor costs.
 Tt was a timely and beneficial service, which our town with its present resources could little af- ford to do. or have done, for the people of this community, and would ecessarily have gone undone,' Mayor Felix Gray of
The Daily Alaska empire., 1930-04-18
LUNsHEoN-so CENTS

The Ladies Aid Society of the Methodist Church will serve lunch con Saturday, April 18th, from 12 noon to p. m. in the basement of the church. Home made naked beans with Boston brown bread, cake, pie and coffee. -adv.
The Daily Alaska empire., 1930-04-18
LEAVE FOR VISIT

Mrs. F. A. J. Gallwas left oi the Margnita last evening for Gus tavus to visit with her daughte Alberta until the end of her tern of teaching school there.
The Daily Alaska empire., 1930-04-18
LATEST PORTABLE MONOGRAPHS

1930 models, $2000. Expert piano tuning and photograph repairing. Anderson Music Shoppe. adv.
The Daily Alaska empire., 1930-04-18

LET AImduist fsress Yor- Suit We call and deliver. Phone 52a
The Daily Alaska empire., 1930-04-18
Try the Tive o'Cfocx Dinner Specials at Mabry's. adv.
LUDWIG WILSON'S

Annual Sale will be held as in the past, May 1st adv.
The Washington times., 1930-11-01
PRODUCE MARKETS

broken car on track. Florida express
receipts very light. New Jersey and
nearby truck receipts moderate. sup
plies moderate; demand slow; market
express, I2.5O@S; refrigerator car. $40
2.25.
Potatoes-Eight Maine, New York
arrived; reconsigned; 80 cars on track
including broken. Western Maryland
and Pennsylvania truck receipts mod;
and trading light; market dull. Maine.
mostly $2 poorer. S1.90@l.s5. Long
Island. 100, pound sacks, Mts. Y. s, is'
Round Whites, U. s. is. 11.s5 90.
Western Maryland and Pennsylvania,
100 pound sacks, Round Whites, U. S.
Is, s1sb@1.sO; few 81; showing blight
Spinach-supplies moderate. New
Jersey bushel baskets, SO@75c; few
~ wsquash-Florida express receipts Very
light. Supplies moderate; demand
slow; market dull Florida, pepper
crates, medium size, wrapped, $500
275: few 50; bushel hampers, wrapped,
medium size, s175@2; medium to large
size, $3.50. -
Sweet Potatoes-Receipts equivalent
to / Eastern Shore Maryland. / East
ern Shore Virginia boat Eastern Shore
Maryland and Virginia truck receipts
l1ght; nearby tTuCk TeCelpIS IHouSTdte.
For manufacturing receipts equivalent
to Eastern Shore Virginia boat. Sup
plies moderate; demand slow: market
dull; prices lower. Eastern Shore Vir-
ginia, barrels. Yellows, u. s. Is, $22S;
very few higher. ungraded 50. White
yams, medium size, bright, 81 @3.
Eastern shore Maryland bushel hamp-
ers, Fellows, u. s. Is, $1@1 LILO; few
fine quality. higher, ungraded, 75690c.
Nearby u bushel hampers. Yellows.
~
Tomatoes-supplfes moderate. Calf
fornia, lugs best &L7502; poorer *1.25
Turnips-s moderate. New
Jersey bushel hampers. s5c@N. Nearby
u -bushel hampers. 45@60c.
On the Baltimore Butter and Egg
Exchange there were no offerings.
Street sales market about steady. Small
lots, nearby current, receipts candled,
3S % l0c: hennery whites, large size,
4Sc: few higher, pullets as to size,
3O@3sc. Receipts butter 2ob tubs
eggs, 7IS cases.
LIVE POULTRY
Chickens-Young, colored, as to size,
1S6 23c; leghorns. as to size, $50 zoe.
Chickens--Old. heavy, 22@23c: medium,
15@20c; leghorns and other light stock,
13 q 15c: roosters, 15@16c.
Ducks-Young, White Pekins, four
pounds and over $50 20c: Muscovy four
pounds and over, 10000; Puddle. four
pounds and over, 16@lSc. Ducks-Old,
all kinds, 141 16c.
Guineas-Young. two pounds and
over, soc each: smaller. 3S640c.
Turkeys-Young, eight pounds and
| over, 24826c: old toms, csc.
The Washington times., 1930-11-01
BAL LTIM0RE LIVE STOCK

BALTIMORE. Nov. 1.-cattIe: Re-
ceipts yesterday were 700 head mar
ket very dull and draggy. steers, good
to choice. ss.50@9.SO, medium to good,
FQS.25; fair to medium, S606.75; plain
to fair, $5.2505.75; common to rlani,
H'005. Bulls, good to choice, $5.5O@6;
medium to good. &5.25@5.5O: fair to
medium. $4.25@5.25: plain to fair. S4.25
@475; common to plain. S3.75@A25.
Cows. good to choice. $50 $50; medium
to good. S4.25 OATS; fair to medium.
1915 0425; plain to fair, S3.25@3.75;
common to plain. s275@3.25. Heifers,
good to choice, ts.759T5O: medium to
good, s666.50; fair to medium. $3.50
5.75; plain to fair S4.5005: common
to plain, $4@A25 fresh cows and
springers. $300S0.
Sheep and Lambs-Receipts yester-
day were 500 head; market higher.
Sheep. $1@3.50. Lambs, $3.50 08.5O.
Hogs-Receipts yesterday were 500
head; market lower. Lights. $500
1910; heavies t9.50010: medium, 1850
01010: roughs. s7QS.25: light pigs,
S909.75: pigs, S9.5O@lO; Ohio and
Western hogs, 1Oc to 15c higher than
ouotati
The Washington times., 1930-11-01
CHICAGO GRAIN FUTURES

CHICAGO, Nov. / dNS).
Grains closed lower yesterday.
Wheat was off 7s to 1c; corn. 19s
to &c, and oats, 1A to 19Sc. Rye
was down 70 to 1c.
Lower levels were registered in
grain prices during the forenoon.
Wheat started " to 3sc off and
eased further with scattered sell.
ing on weakness in securities and
a heavy tone in corn. Support
was limited and mainly by shorts
and on resting orders.
The Liverpool wheat market
was "a to 2sd lower at AIS p
m. with q small trade. The Oc'
tober future in the English mar
ket was as much as lad higher
early, but reacted with other
months. Argentine wheat ship.
ments for the week were TOE, ,O0O
bushels against 1,393,000 bushels
the previous week. The Winn1
peg market ruled steady early
Buenos Aires opened Ac higher
Canadian and domestic weather
conditions we're mainly clear and
favorable.
Heavy liquidation featured trade
in corn. Losses of more than 1c
were recorded early. Continued
favorable weather conditions over
the belt and much larger arri'
vals were weakening factors. Sup
port was moderate. Shipping de
mand was fair.
Oats and rye were affected oy
corn.
The Washington times., 1930-11-01
American Telephone

While the bearish elements,
emboldened by recent successes,
say they are going to get Ameri-
can Telephone next, the stock is
retreating very stubbornly. And
the reason is obvious.
Telephone, in the minds OF a
great many people, is almost like
a bond. Yielding better than
az per cent at current levels. it
naturally attracts more buying
the lower it goes. Since stock
holders get valuable rights from
time to time, the yield is much
higher.
Telephones earnings this year
are running at lower rate per
share than last year, but the
dividend will be covered with
something to spare. It must be
remembered that Telephone re-
ports only income received from
subsidiaries so that its net is
really higher. Yet I advise stay
ing away even from Telephone
in a market like this.
I hear of important buying in
Loew's. There are reports that
a new group has taken a big
position in the stock. With the
likelihood that Loew's will show
$40 for the year and the posi-
bility of a dividend increase, the
buying explains itself. The stock
will be a buy on any new break,
The Washington times., 1930-11-01
FYnnnca7 Market Ne1us Stocks Bonds Commodities Comment
CHICAGO Cash GAIN

CHICAGO, Nov. s).-Cash
grain close: Wheat-No. / Northern
spring, 79c.
Corn: New-No. . mixed, 72c; No. 4
mixed, 67E 06Shc; No. 5 mixed, $50
77hc: No. yellow, 072kc; No
4 yellow, 69071c; No. yellow. 670
s9Kc; No. yellow. 64@67hc; No. z
white, s0hc; No. white, 71h 972hc;
No. white. fO% 071hc; No. s white
old-No. 1 mixed. 77kc; No. 2 mixed
76& @77hc; No. / yellow, 7807skc,
No. Q yellow, 77% 17Sc; No. yellow
77hc: No. 3 yellow. 75hc;' No. yel.
low, 75G @T5hc; No. 2 white, Sshc;
No. white, S7%c; No. white, size
Oats--No. 2 white. 35A G35%c; No. Z
white, 35@35Ac; No. 4 white, 34Ac.
Rye-No. /. SIC. BarleY-S2 a 6hc
The Washington times., 1930-11-01
LOCAL PRODUCE

Butter-one-pound prints, 44045c;
tub, S2043c.
ceIpts. 359S7c.
Poultry Alive-Turkers. young, 26@2sc;
old. 2Od22c: spring chickens large. 20
al n22c: medium. 1870 20c: small 21122c;
lEhorns, 1Sc; fowls, heavy, 21022c; sma,
lS0I9c; leghorn fowls, 1870 I4c; ducks
large, 5O@6Oc: old, 25@30 Dressed
Turkeys. young. S7@3sc; old. 33035c
spring chickens. large, 2702Sc: small
23 a vac; leghorn, 24@25o; fowls. heavy
25 d 26c; small, 23024c; leghorn fowls
20 a ale: ducks, 2O022c; ROSTERS, I6G
17c; keats, young, 70@soc; old, 4OQ
45c. ..
Meats Fresh KilIed-Beef, 1s02sc
veal. 1s023c; lambs, 2O023c: porl
loins. csc; fresh hams. 23c: fresh
shoulders. zoe. Smoked meats-Hams
25c: shoulders, 1Sc; bacon, 27c. Lard
in bulk. 14c; in packages 15hc
The Washington times., 1930-11-01
Bank of Amaericd
Slated to ErDQnd

NEW YORK, Nov. 1.-Conver-
sations have been held looking
to the absorption Of the Ameri-
can Union Bank by the Bank Of
America N. A.. and the discus
sions have progressed to a point
where an exchange of shares may
be offered shortly.
Bank of America would acquire
the American Union by giving
stock of the Trans america Cor
poration, by which it is con-
trolled, for that of the American
Union.
The Washington times., 1930-11-01
Bethlehem, Earns
63 Cents O. Share

NEW YORK, Nov. 1.-Bethle-
hem Steel Corporation for the
quarter ended September 80, 1880,
reports net income of $3,783. .425,
equal, after preferred dividends,
to SO cents share on the $780,
900 shares Of common stock out
standing.
This compares with 1881 ,495,
or $1,86 in the preceding quarter
and $11, 1884, ,720, or $4.01 on the
100000 shares outstanding in
the corresponding period last
year.
The Washington times., 1930-11-01
PRODUCE SHIPMENTS

Car-lot shipments reported for the
October 30
Apples-Maryland, Is: New York 14I;
Oregon, 80; Pennsylvania, 30: Virginia,
SO: Washington, Az. Others 310. Total
1,149.
Cabbage-Colorado s: Minnesota, II;
New York, 1877; Utah, 8; Wisconsin,
80. Others 10. Total 294.
Grapes-California. 1855; New York.
Onions-Colorado, 7; Indiana, a;
Michigan. 25; New York. "a; Utah,
s. Others 43. Total 149.
Potatoes-Idaho. 151: Maine, 209
Minnesota, so: Long Island, 81: New
York, 26. Others 393. Total 946.
The Washington times., 1930-11-01
NEW YORK LIVE STOCK

NEW YORK, Nov. Cattle: Re-
ceipts 1,1O0, including 1,O5O directs
One load of medium, 1880 pound Ken
lucky Grass steers steady at $500
Cows and bulls steady. Low cutter
cows, S1.75035O. Cutter to medium
bulls, 34.0096.00.
Vealers and Calves-Receipts 2,730,
including $3.50 directs. Veaiers slow,
weak to soc lower. Good to choice,
S11.00@13.50. Medium $3.50 01o.75. Gull
and common, $5.5067.0O.
Hogs-Receipts 1000. all directs
None offered.
Sheep--Receipts $3.50, including 1880
directs. Lambs scarce, steady to strong.
Good.
The Washington times., 1930-11-01
Neon Light Sales
Rise 22 Per Cent

NEW YORK, Nov. J.. Claude
Neon Lights, Inc, report sales
for itself and associated COM
panies in the first nine months
of 1880 of $13,O02,331, against
$10,604,458 in the first nine
months Of 1929. an increase of
% per cent.
Sales in the third quarter Of
$4,O44.288, were within 4 per
cent of the third quarter Of
The Washington times., 1930-11-01
AdUGnce-RunlLey
APPROVES Merger

CHICAGO, Nov. I. Directors
of Advance -Rumley Company ap-
proved the agreement Of
merger with Indiana Farm Ma.
chinery Corporation. and will
change its name to Advance
Rumley Corporation.
Advance-Rumley Corpo ration
will have 100000 shares of author
iZed no-par common capital stock,
Of which 277,500 will be ex-
changed for the preferred and
common of Advance -Rumley Com
pany. >A
The Washington times., 1930-11-01
BALTIMORE GRAIN

BALTIMORE, Nov. Nv f.
Easier; No. 2. red winter. export, s2Ac
bushel; No. 2, red winter. garlicky,' do.
mestic. 82Ac. Receipts, 1924 bushels
shipments. 21,446 bushels.
Corn-Unsettled No. 2. yellow domes.
tic. carlots; 94095c bushel. Receipts
1850 bushels; shipments, s35 bushels.
Oats-Dull; No 2. white. domestic
carlots, Acc. Shipments 1,742 bushels.
Rye-Eominal: receipts, 1,77o bushels
shipments, 100 bushels
Hay-Steady oN better qualities; clover
mixed and timothy.
Flour-Quiet.
The Washington times., 1930-11-01
MARKET MAY Be BUILDING
BASE FOR RADvANCE
Spectator Advises Caution in Making Com
mitments At This Time; Further Bearish
Drives in Today's Mart Seen
BY THE SPECTATOR

Stocks yesterday went crashing down to their lows for
the year and in great went through Which
my advice last days to get out Of
the market and stay out
The market is acting q little stubborn There Is
definite evidence Of better support In the pivotal stocks
The market may be forming base for a rally but IT
looks like another test today My advice st to stand
aside.
The Washington times., 1930-11-01
Allied Chemical

Allied Chemical is the newest
Of the blue chips to go under the
selling wave. The bears singled
it out yesterday and had 1t down
13 points at one time, sending
the stock to the lowest level in
two years. It may be true that
Allied Chemical was selling high
on earnings. as bearish propa-
ganda asserts, and that 1t was
out. of line, but don't get too
bearish on it at this time.
The company has tremendous
cash resources and a splendid
record of earnings. It is the big
thing in the nations chemical
industry. The new nitrate plant
it is constructing at Hopewell.
Va, involving an outlay of about
5000, 900, 900 will be financed en-
tirely out of earnings. The stock
is meeting high grade investment
buying on a scale down from 1876,
I understand. However, avoid it
until the selling pressure lifts.
Radio entered new low ground
at 1874, reflecting the uncer-
tainty regarding earnings for the
balance of the year. Action OF
the stock disputes reports OF
strong support buying. I also am
told that interests formerly
active in radio have switched to
Radio Keith.
The Washington times., 1930-11-01

but don't Jump in a hurry and
don't buy all the stock you want
at once. Put in scale orders
with a liberal spread between
them.
The Washington times., 1930-11-01
Here and There

The closing rally in Westing-
house was attributed almost en-
tirely to short covering.
Bears were active sellers of
General Motors and corn prod
ucts yesterday.
A large short interest has been
built in Erie due to it's poor show
ing. Not so far this year has it
been only 10 cents a share
against over 81 in the same period
last year.
Selling price in st. Louis and
San Francisco is raising grave
doubts about the So dividend.
The Street hears that it will be
cut in half. Considerable tax
selling is going on.
I understand a big block Of
Kennecott went for this purpose
yesterday.
Ungerleider Financial Corpora
ton has actual cash on hand
equal to its entire portfolio hold
ings, am told.