davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29

Note-An stocks are sold in one hundred-share lots
excepting those designated by the letter (S0s) (250s
which shows those stocks 70 be sold in odd lots only.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29
) Brokers' Comment

NEW YORK, November 29.-Broker-
age house comment today was unde-
cided as to how far the current re-
action in stocks would run. Some COM
mentators believed the November lows
would be well tested. but others said
no major reaction was to be expected,
although prices might work lower.
Opinions follow:
Smith, Graham & Rockwell: cit is
not possible to tell how far the present
reactionary tendency may run. No EVIL
dence is furnished of its ending. Mar
ket looks lower. Poor stocks should be
sold, and there need be no hurry -bout
buying the good ones"
Pask &c Walbridge: "There seems to
be increasing evidence that the strong
financial interests are more interested
in seeing the market stabilized around
present levels than to have any appre-
ciable movements"
Jackson Bros, Boesel B. Co.: I'VE
anticipate somewhat lower prices for
the immediate future, but can conceive
Of no stable concentrated liquidation
which might warrant a major reaction.
Trade news for the fourth quarter
shows every indication Of continuing
unfavorable. and further scattered
liquidation may be induced by the run
of the news"
Hornblower & Weeks: "The market
has now reached a point where there
should be some signs of definite resist
ance to further selling If we are to
witness a further extension of the tech
meal recovery which got under way
from the low point registered on Mo-
vember TO-
Winthrop, Mitchell g. Co.: @Any SELL
ing of railroad shares at present levels
appear completely to overlook the pos
sibility that railroads eventually will
develop into completely rounded trans
portation unitS-rendering varied serv-
ice on land, air and water, as we'll as
directing their energies to the task of
hauling trains over fixed lines of steel
rails
Redmond & Co.: IF the November
lows hold, We are inclined to believe
that the market may enter trading
area within the limits OF this months
highs and lows, pending definite indi-
cations OF the trend or 1881 business.
While many of the country's leading
bankeTy, business and railroad execu-
tives are of the opinion that we are in
the final stages of the depression, there
Is still considerable doubt as to how
wide valley must be crossed before
business starts on the upgrade"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29
STOCK LIST MAKES
PARTIAL RECOVERY
Rebound at Close Follows
Lifting of Early Selling
Pressure.
BY GEORGE t. HUGHES.

Special Dispatch to The Star.
NEW YORK, November 29.-Stocks
rallied in slow trading in today's week
end market, Volume was so low that
the movement had no greater Signif1-
canoe than pointing to the reluctance
OF operators for the decline to put out
any more commitments over the week
end. In the absence of this pressure
there was natural rebound.
Railroad shares came back partially
along with the industrials. Perhaps re-
Election overnight brought the conclu-
sion that the situation was not quite so
bad as the spokesman for the railroad
executives pictured it. At any rate;
after opening lower, with Atchison
down 3 points, the carrier stocks re-
covered more or less. Before this had
happened Southern Railway had dupli-
Gated its previous low for the year, and
Union Pacific had sold off points from
Fridays close.
Utilities Come Back.
1t was much the same with the utili-
ties. Lower prices in the first half hour
for American Power & Light, for Ameri-
can Water Works and for others in the
group were followed by recoverieS.
United States Steel, opening a shade
lower, came back a point and American
Can Westinghouse Electric, General
Electric and General Motors moved
Sympathetically. SteadineSS in the Cop
pers was noteworthy. Reports from the
metal trade were more encouraging and
the stocks seemed to be sold out,
Among the merchandising stocks the
most active was WoolWorth. A block
of 400 shares came out at a point
advance. The speculative community is
favorably disposed toward Woolworth,
which has made a good sales record
Notwithstanding the depression. Mail
order stocks were firm and higher most
of the time.
Oil Group.
At first there was some selling of the
oils, with Standard of New Jersey lower
and Standard of New York at its pre-
viouS low. Phillips Petroleum sagged
and so did most of the other independ-
ents. but before the close these losses
had as rule been made up. It is the
price situation that is holding back the
oils. The overproduction problem, for
the moment at least, is not as serious
as 1t was.
During the session an unusually large
number of odd lot sales appeared on
the tape, evidently for recording tax
losses. This is an operation which is
likely to confuse interpretations of the
market until the end of the year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29
q. 8. TREASURY BALANCE.

The United States Treasury balance
announced today as Of close Of busi-
ness November rs, was $94,674, 500 95.
Customs receipts for the month to
date were $32,366, 64e. 6b. Total ordi-
nary expenditures S3,446, 362.54.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29
ABITIBI POWER.

NEW YORK, November % (Spe-
ciaD Declaration of the regular divi-
dend on Abitibi Power 6 per cent
preferred stock was not generally ex-
pected, as its price had dropped so
points this year to SO, where it appeared
to have discounted a less favorable diyi-
dend policy. Today the dividend on
Crown zellerbach common stock was
omitted, owing to poor conditions in the
paper trade. This action had been
anticipated in decline in the COM
pany's shares to nominal figure.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29
MEMS. BOYS WEAR.
FURNISHINGS.
Doing Program Vice Chairman.

Charles H. Doing, vice president of
the Washington Loan & Trust Co., has
been appointed by President Lanier P.
McIAchlen of the District Bankers AS
ISOLATION as vice chairman Of the Con-
vention Program Committee Mr.. Doing
has been with the trust company for 80
years, is a graduate of the Georgetown
Law School, and has done a great deal
Of work for the bankers association.
He is president OF the Washington
Country Club and a past president of
Washington Chapter American Institute
Of Banking.
At present Mr.. Doing is vice president
OF the trust company section for the
District Of Columbia for the American
Bankers Association. He has served
the local association as a member of
the Protective Committee and of the
Commercial Trade Activities Committee,
has also been chairman OF the Insurance
Committee and a member of the council
Of administration. In l928-l929 he was
chairman OF the Audit Committee, on
which he had previously acted as vice
chairman.
Convention work Is not at all new to
him. He has been especially useful in
planning the sports events for previous
conventions. In 1925 he was chairman
OF the Sports Committee. and in other
years served as vice chairman or as a
member OF the committee. Last Spring
he was chairman of the convention
Publicity and Press Committee.
} In his new appointment he will be
associated with Claude H. Woodward.
president Of the Mount Vernon Savings
Bank, who is program chairman.
Pennsy Dividend Checks Out.
Washington holders Of Pennsylvania
Railroad stock were receiving the regu.
lar quarterly dividend Of 81 per share.
Checks were mailed TO 233,37 stock.
holders. The company has now paid
1913 consecutive dividends. amounting to
1881 1851 ,0T2.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29

Moderation and balance were the
aAsals oe clAsaie Greek thought.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29

the hardest hit, sales being off rs per
cent Detroit came next, with q %
per cent slump, and Akron was third
in the list with a 81 per cent decline
Cleveland followed with Is per cent
drop, but Chicago, which was down IS
per cent in the previous month. was
only 10 per cent behind last year in
October.
Minneapolis made particularly good
showing, sales being just the same as
in october, 1929. In Birmingham sales
were down IL per cent, Boston 10, Gin
cinnati /, Columbus 8, Indianapolis 10,
Kansas City 6, Louisville 4, New Or
leans 6, New York S and St. Louis 8
per cent.
Ten Months Trade Compared.
Taking reports OF retail trade from
261 cities all over the country, the Re-
serve Board sums up trade percentages
from January / to November /. The
report shows Washington only l per
cent behind last year, while Baltimore
has kept department store sales up to
the same figure as a year ago.
Trade is only per cent in Omaha,
while Newark and New York have kept
sales up to the level of last year. Gin
cinnati Is only 2 per cent behind, and
Atlanta and Boston are within per
cent of last years ten months business.
LESS CLUES are OStlOAb, VA
90 per cent; Akron 19, Toledo II, Biz
mingham II, Cleveland and Memphis
IL, Milwaukee and Chicago IL and Salt
Lake City 10 per cent.
Naturally the trade status OF WaSh-
tngton and Baltimore helps to make the
showing in the fifth reserve district ex-
ira good. In the comparison by the
board covering the II Federal Reserve
districts, the Richmond district stands
ct the top with 2 per cent gain in
october over october, 1929. The other
IL districts reported declines ranging
from 4 to il per cent.
Local Area in Second Place.
For the 1O-month period New York is
just ahead of Richmond. Trade in the
New York district area is now only l
per cent under last year, while in the
Richmond territory it is OF per cent.
On the other hand, the 10-month rec
ord shows that Chicago has suffered
the largest loss in retail trade to date,
IL per cent.
For the IL districts retail trade was on
8 per cent in october and per cent
for the 10 months. The following per-
centage comparisons with last year PIC
ture the situation in a nutshell, In Oc- |
tober and from January to November !:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29
NET PROFIT OF ESQ FIRMS
SHOWS SO PER CENT DROP

BY the Associated Press.
NEW YORK, November 2s.-The $50
industrial, utility and railroad corpora
tons for which comparable earnings
figures are available for the past three
years, reported for the first nine months
OF this year decrease IN net profits
of 3S.2 per cent from the 1929 period
and a decline of 1877 per cent from the
1928 period, Standard Statistics Co.
reports
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29
FRENCH TO BUY WHEAT.

NEW YORK. November 20 tR.-
France will be substantially in the mar
ket for Canadian wheat this Winter, H.
H. Stevens, minister of trade and COM
merce for Canada, said on his arrival
from England aboard the Aquitania.
Mr.. Stevens believed arrangements
made in France for the sale of Canadian
wheat would extend over several years.
While he was disappointed that no
tangible trade arrangement had been
made at the imperial conference, which
ne attended. Mr.. Stevens said he was
pleased that the conference had Gre
sted a far better understanding be-
tween the units of the empire.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29

this noon, it is an
nounc ed tina {
Washington sales
were 2 per cent
larger than last
year, sales in Bal
timore were up 4
per cent, and At
lanta 2 per cent.
placing business in
these three cities
ahead of all the
large cities of the
country.
All the other
large cities in the
country reported a
decrease in sales
yer the CORE
spending month in
1000 MaYTanhfS mae
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29
First Mortgage Loans

Lowest Rates Of anterest and Commission
Thomas J. Fisher & Company. Inc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29

Sales Compared by Departments.
The Reserve Board also compares
sales by departments in october, Civ
ing the following percentage gains or
losses in the stores in the local Rich
mond district
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29
BUILDING CONTRACTS GAIN.

BY the Associated Press.
Building made the best comparative
showing during the week ended No
vember 20 than for several months.
In q compilation by the Commerce
Department, contracts executed for the
region east OF the Rocky Mountains to-
tailed q daily average Of $l2,590, GOO, as
against q daily average of 9IO,3o6, 900
the previous week, and $l2,7I7,000 for
the same week of last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29
WASHINGTON STORE
SALES ON INCREASE
Gain of Two Per Cent in
October Shown by Reserve
Board Report.
BY EDWARD C. STONE.

In a detailed report covering depart
ment store sales in October in as of
the largest cities in the United States,
released by the Federal Reserve Board
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29
NEW YORK STOCK EXCHANGE
Received by to
STOCK ana
Dividend Rata

, Wire Direct to The Star Office.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-29

(Cntinned On Page 12A
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-10
SEES BUSINESS AID
IN CHEAPER CREDIT
Economist Declares World
Wide Abundance of Money
Will Help Industry.
Special Dispatch to The Star.

SpeClAi DtSpdbCn 70 lAC Quar-.
NEW YORK, May 10.-A Worldwide
accumulation of idle funds, resulting in
cheap and abundant credit, will even
tually have a favorable effect on busi-
ness, as it generally has in the past,
according to Gage P. Wright, New York
business and investment counselor, who
also points out in the latet issue of the
Business Economic Digest that, after
all, the fact that the general movement
of business is upward is of greater i'm
port than that some unfavorable phases
continue to prevail.
1T must be admitted" says Mr..
Wright, that the rate of progress ex-
hibited by business since the turn OF
the year has in many respects been
somewhat disappointing to those who
had expected the stimulant of easy
money TO promote relatively quicker
and more pronounced improvement in
business. However, it must be remem-
bered that, after all, the direction OF
movement is always of greater impor-
lance. Although many authorities are
somewhat extending the date when we
may expect more rapid improvement
in business, it is generally conceded
that business is and has been gradually
improving. and that some time during
the early part of the last half of this
year we may expect the worldwide
accumulation of idle funds, resulting in
cheap and abundant credit, to have the
anticipated favorable effect upon busi-
ness.
Earnings statements so far published
for the first quarter of 1880 vary widely
when contraSted with results obtained
during the corresponding quarter of
last year-many show substantial de-
clines and many display good increases.
We are led to believe that second quar-
ter earnings will show improvement
over the first quarter of this year, but.
compared with the second quarter of
1929, will be as spotty as those of the
first quarter.
Our weighted average of authorities
opinions definitely indicate that funda-
mental conditions warrant the purchas-
ing and holding of recommended stocks.
Various readjustments are inevitable
and, in the retrospect, such irregular
movements of prices as occur from time
to time should only mark varying de-
grees of interruption in the long-pull
upward movement for selected stocks
I'VE strongly advise against adopting
too pesSimistic attitude. Price recess
sions offer opportunities for obtaining
a conservative bullish market position
to round out a well diversified port
folio"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-10
CHEAP MONEY CALLED
BEST BUSINESS HELP

Noting the recent lowering of money
rates throughout the world, Brookmire
Economic Service states that this con-
dition is evidence that business demand
for funds is light and also that the easy
money policy will be continued as an
aid to business Cheap money con-
tinues to be the most favorable aspect
Of the entire business situation. 1.-THE
stock market may again be stimulated
by this additional injection of cheap
money" says Brookmire, though APP
parently it had over discounted all
favorable factors and the present re-
adjustment is a correction of this situa-
ton.
THE six months period from Novem-
Der, 1929, through April, 1880. has been
one of subnormal activity with business
averaging z per cent under normal, &C
cording to Our index Latest informa-
ton presents a confusing picture with
no evidence that the subnormal rate
OF activity is likely to terminate in the
near future"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-10
SYNOPSIS.

SYNOPSIS.
Don Jaime MIGUEL Higuenes, Teras
Tdncher, and Tom Antrim, sheep
Gunner, hare been bitter enemies. Ken
Hobart, Dom Jdime'S manager, believes
his employers life is in danger. Don
Jdimes mind, hoioeper, dUeHs on other
things. He has fallen In lore NTH
picture he has seen In a md0dsine-d
picture of Miss Roberta Antrim, society
belle Of Westchester. He is attacked
from ambush and shoots it out NTH his
opponent. Hobart finds him ioourded
and the opponent dead. On the body is
picture Of Roberta and her address,
ioith the request that she be notified In
the euenr of Tom Antrfm's death. Don
Jaime tcriteS her that Antrim Was killed
By man named Jimmy HIGGINS.
Roberta, ipho liveS NTH her uncle,
Crooked Biz Latham, sees herself as
an heiress. Latham wGnts her to marry
his friend, Glenn Hackett. She goes to
TerGs, phere she learns that Higgins
and Don Jaime are one and the same.
Since she is in Don james household,
she accepts the situation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-10

Department store stocks, in recent
Spectator Interested primarily in broad
swings than either the mail order or
chain store shares, but have proven dis
tinctly more satisfactory long pull in
vestment mediums. The Standard Sta
tistics Co. index of this group stands
currently 735 per cent above the ex-
treme low of December, 1920, as may be
seen on the appended chart. The mail
order group measured by the index
has registered a net advance of 618 per
cent over its postwar low, while chain
store issues have appreciated by 523
per cent during the corresponding
period.
Over the longer term future, the rather
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-10
WINTER WHEAT CROP
DECLINE INDICATED
U. S. Figures Forecast Drop Of
100000 Bushels Under
Last Years Figure.
BY the Associated Press.


Estimated production Of Winter wheat
this year, as indicated from the con-
dition of the crop May /, was an
nounced today by the Department of
Agriculture as 525,070 900 bushels, COM
pared with 578, $4,000 last year and
$50, $3.50, 900, the l0-year average produce
ton
The area sown to Winter wheat last
Fall was 43.434,000 acres. of which IL
per cent was abandoned to May l, leav-
ing 3S,676,000 acres for harvest, COM
pared with 42,820, 1000 acres sown in the
Fall of 1928, ga ner cent abandoned To
May l and 4o,162,000 acres harvested
last year.
Winter wheat's condition on MAY I
was 1871 per cent of normal, compared
with 1876 last year and $50, the To-
year May ! average.
Rye Above 1929.
Rye production is indicated as 49,
83I 900 bushels, compared with 4O,-
$3.50 last year and 50,58l 900, the
flve-year average. The acreage re-
naming May / to be harvested was
1891 900. compared with 3,225,000 last
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-10
CURB SHARES GAIN
IN ACTIVE MARKET
Whole List Participates in
Advance, With Utilities
Leading Market.
BY JOHN A. CRONE.
| bisnatch to The Star.

Special Dispatch to The Star.
NEW YORK, May 10-Curb stocks
worked higher today on volume consid-
erably increased from that of Friday.
The advance was impressive in that the
whole list participated and few of the
gains were wide.
Half dozen issues, supported by Spe-
cial buying, were at or near their best
levels of the year.
The opening was not particularly &C
tive and there were a number of de-
clines, but most stocks were fractionally
higher. Electric Bond e. Share led the
public utilities with 2,500-share trade
initially at 1001s, up II. Later this
gain was increased by 2 points.
American Superpower was over a
point better and there were substantial
gains In active favorites such as Amer
lean &, Foreign Power warrants, Amer
lean Gas & Electric, Central States
Electric, Commonwealth Edison and
Middle West Utilities.
Nevada-California Electric, a stock
that was pushed up last week on re-
ports of merger negotiations with
Southern California Edison, opened
fractionally higher. but lost over 9
points in subsequent trading, presum-
ably on rumors that the negotiations
had been broken off. Brazilian Trac-
tAon ran up CLOSE 10 ltS mgH previous
to the general decline a week ago.
Other groups were not nearly so
active as the utilities. Cities Service
pushd quietly upward by fractions. Gulf
Oil of Pennsylvania and Houston OIL
new were strong. Standard afhliateS
were quiet. Vacuum reversed an early
loss and made a net gain on the day.
Among trading corporation shares
All-American General was points
higher on a heavy turnover. Marine
Midland and Blue Ridge went along
with the rest. Amusement shares were
in sympathy with the markets strength.
Canadian Pacific new, with continued
strength, featured the rails. Motors,
aviation stocks, gas company shares
and low-priced industrials were quiet
" firm. Deere 81 Co. new added
point.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-10
DEPARTMENT STORE STOCKS
FOLLOW GENERAL MARKET

close relationship between swings in
industrial list may be expected to con-
tinue. Considered as a group, these
securities are, at present, neither at I'M
usually low levels nor abnormally in
fated. Sales and earnings of depart
ment stores generally will, of course, be
Influenced directly by business and en-
ployment conditions. No drastic changes
are under way in this field which would
greatly affect profit margins, either IA
vorably or otherwise. A group commit
ment in department store shares, over a
period of years, would therefore prob
ably yield return closely comparable to
that obtainable through an investment
in diversified list of common stocks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-10
GRAIN MARKET

CHICAGO. May 10 Especially The
wheat market was moderately higher to-
day because of the bullish crop report
late yesterday and strength in Liverpool.
The estimate was for crop of $685.
100000 bushels. May opened 1021sa
1922, July, 02al.02l2 September,
LOS laa106. After first half hour, May
1.02; July, 1925; September, LOSS.
Corn was shade higher. Scattered
buying was stimulated by the advance
in wheat. May opened 78% a781a,
July, 1914 a793a; September, 8OA a8O.
After first half hour May, 1925; July,
1875; September, 1919.
Oats were firm. May opened Ala,
July, 4O5sa4O34; September, 1913. After
first half hour. May, Ala; July. 4012;
September, 1915. Provisions were dull.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-10
INSURANCE is URGED
TO ASSIST J0BLESS

1t is due to the opposition of New
York State Official and the State Legis-
lature that insurance against unemploy-
ment is not made available by at least
one large financial institution. A large
life insurance company for some time
has been willing to offer to the public
permission to issue this class of pro-
lection has been refused by the State
insurance commissioner on the ground
that it would be an experiment and
that the operations of life insur-
ance company must be based upon
certainties.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-10
NEW YORK COTTON

NEW YORK. May 10 Especially -
Trading in cotton today dwindled to
the smallest proportions of the week,
while prices fluctuated within a range
of 10 to 20 points and ended virtually
unchanged on the day
Firmness in the old crop situation
served to offset the influence of better
weather east of the river and main
tanned the whole list. The Weather
Bureau predicted several days rainfall
next week in Eastern sections, where
complaints of drought have been gen.
eral, Spots were unchanged at 1855
Cotton range;