davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-07-16
Conservative Position Should Be Maintained Market Spectator Warns
Chain Store Prices
Declared Lower in
Professors Review

from the list the average
saving at chain stores is 1903
per cent. Omitting eight COM
mOdities on which the largest
saving is shown the average
saving on 81 articles becomes
1907 per cent.
"It Is q safe assumption,
however, that the additional
charges incident to the offer
ing Of delivery service, charge
accounts, and the taking Of
telephone orders by indepen,
dent stores do not amount to
Is per cent of sales, or any
figure approaching that. The
only conclusion, then, that one
can draw is that, at least In
Durham, N. c., chain stores do
offer an appreciable saving to
consumers.
Progressive Independent gro
GERS can operate and are COM
peting with the chains. Many
consumers will continue to de-
mand the additional services
which the independents render.
Some customers cannot afford
to pay cash while others wish
to telephone, their orders and
have the merchandise delivered.
It is questionable whether one
can justify the effort and
money now heinR Snent I'm this
State in denouncing chain
stores. Such practices in the
long run are bound to react
against the independents. Or
ganizations Of independent mer.
chants could prOfitably empha-
size methods of improving
retailing and group buying and
educate retailer members in
the most economical and eff
cient ways Of conducting their
businesses"
The Washington times., 1930-07-16

widespread discussion as to
whether chain stores actually
undersell individually owned
stores has led Prof. Malcolm D.
Taylor, of the University OF North
Carolina, to conduct a survey in
an effort to arrive at the truth.
The results of his study, pub
lished in the July number OF the
Harvard Business Review, shows
that the prices Of so well-knoWn
grocery items were more than Is
per cent cheaper in chain stores
than in independent stores, 1878
per cent to be precise.
Prof. Taylor selected Durham
as a typical North Carolina city
the fourth in size in the State,
with an estimated population OF
48. 500. Ten seniors Of the uni
yersity's school of commerce MADE
the investigation. The work was
voluntary. The students cooper.
ated because they were Interested
in the subject. They were IN
structed carefully and every pre-
caution was taken to insure ac'
curacy.
Seventy-three nationally Rdyer'
tised articles were selected Tor
comparison prices. This number
was finally reduced to so in order
to avoid confusion over items
packed in more than one size or
weight. Every grocery store IN
the city was visited by the lnVes-
tigators.
Discussing the 1879 per cent
average saving in the chain
stores, the report said:
objection may be made to
the brands selected for study
on the ground that soaps are
given too much weight. Omit
ting the five soap products
The Washington times., 1930-07-16
BUDGETS
FOR THIS YEAR
INCREASED
Additional Millions Have Been
Appropriated for New Plant
improvements and Care

The steel industry-barometer
of U. S. business-has no qualms
about the future.
Additional millions have been
appropriated in the last few days
for plant additions and improve
mentS.
These new programs bring
the total funds appropriated for
expansion this year close to half
billion dollars. Most of this
work already had been contracted
for. Some of it has been finished,
but the great bulk calls for com.
pletion in the last half of this
year with some carry over into
next spring.
The sooner other industries fol
low steel's lead the quicker will
come the business upturn.
$2O,OOO,O0O for J. g. L.
Jones and Laughlfn, the indie.
pendent Pittsburgh steel company
controlled by the founders fam.
lilies, is spending 10000, 900. Most
of this money has been appropri
ated in the last month and will
be spent this year.
Republic Steel Corporation. the
new $3.50, ,000, 900 company formed
by Cyrus Stephen Eaton and his
associates, has completed two
thirds of a $4,000, 900 program.
The balance of the program will
be finished this summer. A
further program, calling for the
expenditure of several additional
millions, is slated for announce
ment later this summer.
Youngstown Sheet & Tube Co.,
which Mr.. Eaton is seeking to
prevent from merging with Beth
lehem Steel Corp, has on ice
a $4,000, 900 expansion program
James A. Campbell, Sheet &,
Tubes 76-year-old chairman, says
the work will be started as soon
as the trial, now on in Youngs
town, is completed. Eaton has
offered to advance him the $12.
600 900 to carry on the work, but
The Washington times., 1930-07-16
ACTION POINTS TO HIGHER
PRICES FOR STOCKS
Professional Traders Thought to Have Tested
Mart Strength and Turned Bullish When
Power Was Manifested
Rx THE sPECTATOR

markets action points to higher prices for the
stocks reaction predicted came Yesterday after
bevity the sudden rebound before Cne
close was surprise The conclusion is that at present
specialists books are supplied with buying orders on the
way down and comparatively thin on the selling SIDE
looks though professionals sold stocks TO
test the markets strength and discovering the preponder
ance of buying power turned quickly and lacked prices up
again the past week inescapahe evidence
that the in the saddle for the time BENG
acqmescence, not active support OF the powers
TAX Of washington being in cahoots with leading market
operators to another bull movement is farieched to
saw the least But very likely that the Adminstra
ton is seeing higher stock prices for the cheer
funess this will already has, engendered Revival OF he
opmsn1 that went glmnerng with the MayJune market
debace undoubtedly help things It would encourage
of small banks throughout the
country who are reported be in danger Of becoming
embarrassed by depreciation of their securities collateral
arains loans yet caution still the watchword for
those planning to make market commitments and con
sentative position maintained until definite eV
dence of the onghopedfor business revival appears.
The Washington times., 1930-07-16
John HOLULGv1d Heads
OhrStrOn1 Co. Here

Announcement is made of the
appointment OF John Roche How
land as manager of the Washing
ton branch of G. L. Ohrstrem s.
Co.. with offices in the Shore
ham Building. He comes from
the Philadelphia offices of the
company, and was associated
with the Illinois Merchants Trust
Company. of Chicago, before af-
filiation with the OhrStrom or.
ganization.
G. L. Ohrstrom & Co. are ma
tional distributors of conservative
investment stocks and bonds ana
develop estates and investments.
The Washington times., 1930-07-16
NeUU Automobile
-. Stocks Decrease

Low production level in the
automobile industry not only is
clearing dealers shelves of new
cars to a point where shortages
are likely to develop with any
stimulation in buying, but is en-
abling dealers to concentrate on
the liquidation of used car stocks.
1t was estimated that total
stocks on June l were equal to
approximately one months sup.
ply with calculations indicating
a stock of around 417,000 unsold
cars at that time. At present,
total stocks probably are con-
siderahly under 100000 units.
The Washington times., 1930-07-16
BROKERS GAEL
STOCKS GOOD
FOR RISE
Optimistic Forecast Is Made by
Leading Wall, Street Brokers
In Statements issued

Belief that the trend Of the
market had turned upward was
heralded in financial circles to-
day. While some technical reac-
tions were believed inevitable no
great Importance was attached to
them. The long side of the mar.
ket was considered the best at
this time.
The day.to-day strength 10
probably based on the technical
situation plus some new bull spon.
sorShip from the professionals
on the floor. New commitments
should be postponed unless they
are on the scalping basis or to
hold over on the long term -E.
r. HUTTON g. co. y
The action Of the market erfl.
phatiRlly demonstrates that the
line of least resistance is toward
higher levels. Chances are favor
able for further advance before
the market encounters any i'm.
portant reaction. A short tech.
nical correction seems probable
OTIS & CO.
Although we believe the trend
may continue upward, reactions
should be seen this afternoon or
Wednesday. Purchases on 3 de-
clines may be made in the. bet
ter stockS.--John MUIR & CO. ~
Think that the low average
prices for the year have been
seen and that the market is q
purchase on all fair reactions.
TOBEY & KIRK.
The manner in which the mar
ket moved ahead yesterday indi-
Gates there is little stock for sale.
Such condition could easily result
in a gradually rising market
MELADY & CO.
The market passed through the
resistance points so successfully
that it is impossible to set. the
limits on the current rally
HORNBLOWER & WEEKS.
The Washington times., 1930-07-16
Weeks Oil Output
Drops to 68,853 BbLs.

Daily average production Of
crude oil in the United States for
the week ended July IL totaled
2,541, ,43O barrels. a decrease Of
1858 barrels, according to the
Oil and Gas Journal.
The Washington times., 1930-07-16
Biz Decline in Net
Of ROhn Aluminium

Bohn Aluminium and Brass Cor
poration reports for the six
months ended June 80 net profit
of $688, ,766, equivalent to $1.95 a
share on 352,418 no par common
shares. This compares with
$1,781, $40 or $5.08 a share on $780,.
831 shares in the same 1929 period.
The Washington times., 1930-07-16
Public Utilities Net
Increases ODer 1929

Net earnings for the month of
May of 95 public utility COM
panies, excluding telephone and
telegraph companies, totaled $685.
100000. compared with $50, ,O00.-
900 in April and $4,000, 900 in
May. 1929. the Department of
Commerce reported today.
The Washington times., 1930-07-16
Buick to Come Out
With NelU IS Line

The Buick Motor Company will
produce q full line of eight
cylinder cars in the coming year.
A public announcement will be
made on July 26.
The Washington times., 1930-07-16

Campbell has to date refused the
offer.
National Steel Corp. another
newcomer, is putting the finish
ing touches to a $25, ,000, 600 new
mill at Detroit. This mill will
be ready for use this fall.
$5,OOO.GSO For Otis
Otis Steel Co., of Cleveland,
today announces work will start
within 90 days on $4,000, 600
contract. A new continuous roll
ing mills is to be constructed.
This company is looking into
the alloy steel field. If it decides
to enter this field another mill
will be constructed.
The Washington times., 1930-07-16
Crude Rubber Stocks
Increase at London

London crude rubber stocks on
July IL totaled 8O.501 tons, an
increase Of All tons over preced-
ing week.
The Washington times., 1930-07-16
FLoRSHEIM DECLARES

The board of directors Of the
Florsheim Shoe Company de-
clared a quarterly dividend Of rs
cents per share on the class A
common stock Of the company,
The Washington times., 1930-07-16
The Motors

Insiders are reported to have
been picking up the leading au-
tomobile stocks on the qui vive
recently. The motor stocks are
apparently thoroughly liquidated
and the, better companies are in
strong cash positions. New models
are expected to be a strong stlm-
ulant to sales, and the curb on
production this year and low in
ventories Of new cars makes the
outlook for next year favorable
On the other hand. cost of re.
vamping plants to bring out the
new cars and the uncertainty of
sustained public demand clouds
the near term outlook. However,
stocks like General Motors, Hud.
son. Nash, Studebaker, and Au-
burn seem to be in a buying
range for long pull commitments
The better automobile accessory
The Washington times., 1930-07-16
HEARST CONSOLIDATED PUBLICATIONS,

Subscriptions to this stock will be
received at The Washington Times
Company's business office, Stock
Sales Department, 1917 H St.
N. W., Washington, D. c, or at
the cashiers office of any Hearst
Newspaper or corporation in the
United States.
The Washington times., 1930-07-16
LOCAL STOCKS

(Furnished by ". Hibbs d Coz
SALES
\ Washington Gas IS B, $1,000
105.
Norfolk and Washington Steam.
bots rtS. wi, 9@16.
Federal-American and CONNER
cial. 10@30. $3.50, 5000.
National Mortgage and Invest
ment preferred, 65@4s.
AFTER CALL
Potomac Electric 5l2 per cent
preferred, 200 107l2.
Mergenthaler Linotype, 100
96A.
Washington Railway and Elec-
trio IS. $1,000@864, $1,000 S6 ~
$5O0@86.
The Washington times., 1930-07-16

CoEy homes i. suitable to fIso
needs Of every prospective hOme-UuyeY,
are listed for your convenience Of sas
lection In tOday'S Classified Ads.
The Washington times., 1930-07-16
Merchandising Stocks

The Street is beginning to look
with more favor on Montgomery
Ward and Sears Roebuck as well
as the better department store
stocks. These companies are
helped by lower commodity prices
to reduce merchandise prices and
thus stimulate sales. Profit mar
gins are unlikely to be affected
as costs are lower. Further retail
price reductions seem in the cards
before sterilization is attained. /
am told that sales of Montgomery
Ward and Sears Roebuck for the
first two weeks of this month
were as good as in this period
last year. However, lower prices
for wheat and other agricultural
products is an unfavorable factor.
Interests who were bullish on
Case Thresl1ing several years ago
are said to be recommending
Cleaner Combine on the curb as
a good long-pull speculation. The
Street is talking of 800 for Allied
Chemical before long if the
market keeps going up, and I
hear of 200 for Steel before the
summer is out-provided the ex-
pected upturn in business ma
terializes. z United Aircraft will
make a much better showing the
rest of the year than it did in the
first quarter, when it earned 80
cents a share, according to Presi-
dent F. B. RentSchler.
The Washington times., 1930-07-16

stocks, as Timken and Electric
Auto Lite, also have speculative
appeal.
The Street is crediting Durant
with bringing about the improve
ment in the market. 1t was he, it
is said, who discovered stocks
were overSold late in June and
by his operations turned the whole
list upward. I am told that Dan
forth, the "big Boston bear" is
vacationing down Cape Cod way
and has told his friends that he
was going to play a while and
stay clear Of the market"
The Washington times., 1930-07-16
Good News

The rise in United States Steel
operations to 63 per cent OF
capacity this week from Sc per
cent over the Independence Day
holiday was good news even
though an upturn was expected
in view of the drastic holiday
shut downs in the entire indus
try. Yet its market-wise influence
was probably very little. Steeps
advance in the market is at
tributed to the highest grade OF
buying and the Morgan-First Ma
tional interests are prominently
mentioned. I hear the corpora.
ton itself bought stock from 159
down for resale to employees and
also that large lines OF Steel
liquidated at higher prices are
being replaced.
Meehan himself, I am told,
bought Standard of New jersey
on the floor of the exchange yes
terday, and is, also said to. be
hulling Radio K Keith- Orpheum. The
oils were a strong group and
good buying is reported in the
petroleum leaders. The Skelly
Oil pool. is reported ready to be-
gin activity. -. g..
A Favorite .
American Telephone put, up a
splendid exhibition yesterday,
rising more than eight points.
I am told this stock is probably
the least, manipulated Of the
active leaders and that buying
came from many sources and
from powerful interests bullish
on the long.term prospects. Rights
on the new stock will expire
August /, which will lift the
pressure on Telephone that has
been noticeable recently. The
company's ability to expend its
earnings along with the increase
In its capitalization is another
strong factor in its advance.
Strength in National Power and
Light is reviving the old merger
rumors. The hook-up is expected
to take the form of giant hold
ing company to include American
Gas and Electric, American Power
and Light and Electric Power and
Light, all Electric Bond and
Share affiliates. This system
would have huge natural gas re-
1~Nl1fcAS aS UJe1l
The Washington times., 1930-07-16

w. I.when issued.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-29
CLASSIFIED
Rates and Rules

Advertisements viii be accepted
over the phone from those having
regular charge accounts Other
classified advertising must DO &C
companied py cash.
No advertising accepted on an
until forbid" order. A specified
uumber OF insertions must be given
The Herald reserves the right 20
place ali advertisements under the
proper classification. ano reject un-
clean or Objectionable copy
Obituaries. resolutions and cards
OF Thanks In classified section VIII
DO taken az the regular classified
rate. In other part Of paper reader
rates apply.
The publishers are not respon-
sible for copy omissions. typo
graphical error or anv untntcntior-
al error that may occur. farther
than TO correct IN the next issue
after IL 10 brought to their atten-
ton. All advertising orders are ac-
cepted on this basis only.
Telephone No Q and dictate your
advertisement TO an experienced
classified writer.
To insure publication aame day
copy should be presented not later
than 10 a. m Copy for Sunday
ISSUES snoulu De IN not later tn8n
600 p. N. Saturdays TO insure
proper Classification.
CLASSIFIED ADVERTISING
RATES
20 words or less one insertion 4Cc
Over 20 words. one insertion
per &c
Subsequent insertions run con.
secutfveiv. per ..1i-c
HIlnfmum ITO Wor6U
BY month. per word ...........3 nc
No classified advertisement ac-
cepted for less than .......4 soc
LOCAL READER RATES
Readers. per word -........--.. &c
Readers. per inch .............Si2s
Second and third days. $40 per
word. fourth. fifth and sixth DAYS
20 per word: z consecutive days
aye per word.
legal notices ic per word each tn
sertion.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-29
News in the Classified Ads Every Day
LEGAL ADVERTISEMENT

Notice is hereby given that at
the regular session OF the And Leg
isiature OF the State Of Texas, ]
will apply to the legislature, for the
enactment of a bill for the valida-
ton Of the organization and crea-
ton Of Cameron County Water
Control and Improvement District
No. l8. and for the valuation OF
s4,082 90. OF the bonds Of said Dis
trict heretofore voted by the res
ident property tax-paying voters OF
said District and for the valuation
Of taxes in payment thereof and
for the valuation or certain water
rights of SAID District.
M. II. West.
Representative Elect.
i2-29-it-39i8
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-29

NOTICE TO STOCKHOLDERS
The annual meeting Of the stock
holders OF the State National Bank
of Brownsville. Texas, viii be held
at its banking house on Tuesday,
January Is. 1881, at $3.50 o'clock p.
m, for the election Of directors and
the transaction Of such other busi-
ness as may properly come before
the meeting. A II. Fernandez.
caShiq Liz
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-29
A CHOICE GROVE

CLOSE IN ACREAGE beautiful
homesites Of approximately IL acres
each All good citrus fruit land.
near Brownsville city limits. on
pavement. on beautiful resaca and
in developing section. Owners de-
sire TO sell at once and have price
property accordingly. Considering
location, these are the best bargains
that we know OF near Brownsville.
II you want something worth while.
see these at once. Property will b.
shown by appointment. s.. c. Ora
ham and Company, 430 18th StreeE.
phone l7s, Brownsville, Texas.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-29

OSLO, Dec. 29.-It NAV s0und
strange, but among the candidates
put forward by the Farmers party
in the recent Norwegian elections
were a newspaper editor. a min
lister. two lawyers and N midwife
They nearly equalled the number
OF farmers put up Tor office.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-29

Ge{-ge Z, walling to o. H. Arch
er si900 N IL of S. 20 ac. lot 81.
Kelly Pharr.
Southland Life ms. Co. $1,000 S l-2
lot SO. La Lomita 20 acres.
Dulcie Smith. ct al TO Joe Thorn
as. sl.00 lot 4. block SO. Edinburg.
z. NJ. Goodwin to John 6. Miller.
$4,000 lot Is, block 3, Goodwin
Tract No. !.
Ada M. Davis. ct vir to 3. NJ.
Todd. ct ux Si00 S1-2 OF NI-2
block 200. La Blanca.
L. E. Bennett to Mrs. Sallie 3.
Knowles $1,000 200 acres Porcion
81 Except 81 acre Tract SO Acre
Tract e. so Acre Tr.t also 100 R-W.
Acorss Porcion 81 a. 81 and Pump
Site or Rio Grande 5 acres.
Kermit Hickman to Joe Mueller
$1,000 lots So, 81. 81. S., 66. 50. 20.
NJ. l.. Woods Tract No. 6.
L. r. Bell 10 L. r. Bell @. Inc
$1,000 lot ala Keilv rN--- ~-'I
Alamo Land and Sugar Co. to
Nick Doffing $1,000 81 - j.
block 30. Alamo Tract.
q. r. Stevens TO Eva Stevens.
500 SW Ia of SW IA Sec. 10. G.
O. Newman's Sabd rT l.: r.
ME- Ia Sec. %, G.. o. Newman's
Subd. NV Ia Of wv IA Scr. "a.
q. o. EeWman's Subd.
jesse r.. Granger. ct ux to p.
S. Bull $1,000 S IL lot III. Kelly
Pharr.
IT. w. Carter. ct ux to J. Pratte.
ct ux $1,000 6 acres lot 4. block 81.
Csmpacuas.
B. w. Day to Nixon State Bank
$1,000 lot I. block ?. J. L. King
Subd.
,. r. Ector to Mrs. Jusnita Ector
SlD64.0Q., 35l IS acres. So % acres
end iafd acre Llano Grande Grant
J. ckEngelman, Jr. to Jeremia
y var faarenburg. s5T50o0 N1-2
LOT 6.\fc IS. Nc. Tex.
j. C Engelman. Jr.. to Gordon
A. Brown, ct ux s6425.00 lot 80.
Engelman subd. Sec. cs2 & 263.
Tex. Mex.
s. q. Kelly. ell ux 10 r. c. Wat
son. $1,000 lot s, block 81. Elsa
TownSite.
VI B. oNeill shf. to n. J. Nc
MILAN. Rec. 8 100000 lots 7. 8, .
A. 10. block 272. Edinburg.
r. r. Redlich. r. ux TO j. b. Allen
5000 z i-2 Of e 10 lot 4. block
IS. Alamo Tract.
L. ". Watson ct ux to NJ. c.
Dawson, $1,000 lot 7, block 1873,
Mission.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-29
Cameron Courts
Suitk Filed I'm The District Courts:
fx-Parte - Removing disabilities
OF Minor Juan Casares.
REAL ESTATE TRANSFERS
FURNISHED by Valley Abstract COD
CAMERON COINTY

a. Wayne Wood, Tt. 10 A. Tor
res, Beatrice Torres: lots 861 and
$50. Colonia Victoria. Brownsville,
$4,000.
The American Land Company OF
Texas. 10 George W. Allen, Lot F.
Stuart Place Re-Sub. OF part OF
survey 20, cont. 1895 &C. So. 5000
Gulf Coas. Irrig. Company TO
Louis Richers: west one-haif farm
lot Is, Sec. 70. 20 acres; Gulf Coast
Irrig. Company: $1,000 etc.
Flora Z. Nicholson, Decd by ex-
ecutors; { o o. F. Burke; lot 3,
block z, Nicholson Place First
filing, Harrington; $1,000 etc.
Perry L. Mcdonald. Meta K. Nc
Donald TO <. II. Downs: north 20
acres OF the west 30 acres. block
So. San B. L. g. W. Co. $1,000 etc.
3. NJ. Holland to L. s. Mills:
west two acres, block %, Mcleod
Hood Prop. |. $1,000 etc.
McIeod-Hood Company TO A,
Harris d. Eva May Baker; West
five acres block %. McLeod-Hood
Prop. 1, S6.950.00.
McLeod-Ho0d Company 10 NIL
Ne r. Bramell; East SIS acres OF
block IL, McLeod-Hood Prop. !;
s5250.00.
A. Harris Baker. Eva May Baker
to g. NJ. Holland: West two acre:
bIcks %, McLeod-Hood Prop. !;
$4,000.
George J. Holton. Elsie Holton
70 Carrie VI. Morrissey: lot IL. blk
IS. San Benito. $1,000 etc.
c. o. Bellenger 70 #. x. Potts &
assigned TO Temple Lbr. Company
20 acre sr. 81. Paio Alto Grove.
Sub. /, Rincon Sub. 5000 etc.
9. o. BeIlenger 10 z. K. Potts.
20 &C. tract So. Palo Alto Grove:
Sub. /: $1,000. etc.
z. X. Potts 10 Myron d. Adams.
II acres off vest end OF lot oil
tract So, Palo Alto Groves Sub. !
also 20 acres being tract As. same
Sub.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-29
NOTICE TO

The annual meeting of the stock
holders of the Rio Grande Valley
Trust Co, Of Brownsville, Texas,
will be held at its banking house on
Tuesday, January Is. 1881. at 1000
O'Clock a. m. for the election of di-
rectors and such other business as
may properly come before the meet
ing. Gordon p. Street, president.
l-l2
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-29
For Subdivision
16O Acres

Located I blocks from the high
school and closer to Browns
Vile than the exclusive Los
Ebanos Subdivision Winding
resaca running through prop
erty offering natural lake front
sites Tor subdivision. This prop
erty Is for sale by owners and
can be bought at . very at
tractive price Also tract Of 800
acres within city limits, adjacent
to Missouri Pacific Lines on
the south. Henson-Lcmax &
Houston and Brownsville De-
yelopment Co ESQ