davidaulloa/AmericanStories huggingface dataset:
New Britain herald., 1930-11-21
Horizontal

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New Britain herald., 1930-11-21

Even he whom VOL laay gpurn ln course Of tune may have his turn
 Peter Rabbit.
New Britain herald., 1930-11-21
Continued Tomorrow

Copyright 1880. b\ Newspaper F'ea-
 tUrc Service, Incl
New Britain herald., 1930-11-21
>I.lH..;N(t PLACES

The next story; "Blacky the Crow tie Truth"
New Britain herald., 1930-11-21

TomorroW-Complexion.
The Washington times., 1930-12-20
WASHINGTON PRODUCE

,,b bRutssssnr-aons.pound tie = Pre- prints, nh04ac;
Egg Eggs.Aennery. sS0ssc; current re-
Poultry-Alive: Turkeys. prime, 900
S2c; small and thin, $50 zoe; spring
chickens. large. 10000: medium, 19c:
small, 1Sc: fowls. large 1sc; medium
l6c; leghorns. fowls. 12@13c; ducks, 15c
ROSTERS, 12c; keats, young and large.
a9c; old, 25@3oc. Dressed: TURKEYS,
30 SSc; spring chickens, large 22@25c:
imeoium' 2O@22c: small, 2702Sc; fowls,
large, zoe: medium, zoe; leghorn fowls
51SSg20e; ducks 24@25c: keats. young,
hams hiamS; ass9 assS92ss: ;sS:, PORK lSina s5c fresh
meats meats: Hams 25c: shoulders, 1sc:
Fruits .fiOneydsws. 31.75@22O; honey.
balls $3.50: Persian melons, S1.25@1.75:
casa cs Pcs h26@ rs: orangeA California.
sS.50 gd0; Florida. $2.5O@35O: lemons
10y 10y Ss0 lines. per 100. $1.75: grape
Lruit, S2.6OV3:25: pineapples. S50560:
persimmons, $1@3.25: tangerines, 81:
grapes: Alicante. $1@125: cornichonq'
SOeWS1; malaga: $3.50; tokays $1@1.25;
mm9scats. ~ 81; Thompson seedless. SI.50
V1.IS; Sinfadels, $1.10; pears. Bartietts,
ps1oDS M Dox .sSs; SsO; ssckis"' Osr bu' s202SO:
etsSies-Potatoes. iso-lb. sacks 9.
2.2b; Idaho. bakers. 1OO-lb. sacks, S2,TS
VS sweet potatoes. per bbl.. S202.So:
cal1ss--TOp grades. Zoe.
Lambs-Top grades, SC,
habbits-No. IL. csc: No. 81. 1oc,
The Washington times., 1930-12-20
Bankers Stories Interest
Host of Acquaintances

A raconteur Of note, as well as
being one Of the leading bankers
Of washington, is the appelation
given to Chris J. Gockeler, vice
president Of the District National
Bank.
Friends Of the banker derive
great enjoyment from the many
tales which this man knows.
Many evenings, after he has COM
pleted his daily work, he sits in
the National Press Club and re-
counts incidents Of his life and
the lives Of others.
One thing that he is noted for
Is the fact that he is, more than
any other banker in the District,
known by his first name, "Chris." !"
Among his friends he can count
diplomats, con g r esSmen, mer-
chants, newspaper men and many
others from all walks Of life.
Mr.. Gockeler is, in addition to
his connections at the District
Bank, an official in many firms
and organizations. He Is Secre-
tary Of the washington stock ex.
change, having held that office
for q number Of years.
The Washington times., 1930-12-20
COTTON PRICES
IRREGULAR

NEW YORK, Dec. 20 UN.s0.
Marrow and irregular prics
changes with q small evening up
trade characterized the early cot
ton market. The undertone was
steady. Trading was only mod
erately active. Wall Street was q
good buyer Of July. There was 8
scattered demand from the trade
and some buying by prof fesSionalS.
At the start Of the final hour,
January new sold at 9.67, - 4:
March at 9.92, up 2: May at
1923, up 4; July at 1914, up I,
and October at 1888, UP 2.
The ginning figures were
slightly smaller than some had
looked for, but they were hardly
a feature in the market which
seemed to be assuming o holiday
character in the absence Of any
new developments.
The Census Bureau reports 49,
259,622 running bales Of cotton
counting round bales as halves
and excluding linters ginned from
the crop Of 1880 prior to De.
cember 13. This compares with
ginings to December Is, 1929, Of
13, 456, ,783, and 13,144,333 bales In
the like 1928 period.
New Orleans Cotton
NEW ORLEANS Dec 20 (r.N.s.).
The opaninR and closing OrfnAA ~ the
New orleans Cotton Exchange today
were:
The Washington times., 1930-12-20
COTTON GOODS

NEW YORK, Dec. 20 U.N.s0.
Gray cloth markets were less
active today, interest in quick
goods slackening off, and mills
strengthened their stand for bet
ter levels for January and later
deliveries. Print cloths particu-
Iarly were so effected, although
quotations on one or two light
weight sheeting constructions were
also higher and some bids were
rejected.
Bag manufacturers showed more
interest in the market, although
their purchases during the day
were not as large as had been
the case earlier in the week.
Drills and twillS were quiet: oSna-
burgs, sateens and other fabrics
were slow.
Carded broadcloths were in
light call and some sales were
made at currently quoted prices.
The Washington times., 1930-12-20
WOOL REPORT

BOSTON. Dec. 20 UN.SJ.
Trading in wool during the >past
week continued limited although
somewhat larger than during the
previous two weeks. Demand was
mostly for immediate require
ments but there was o broader
inquiry and numerous sales Of
sample lots. Fine wool continued
the most active grades. Several
houses received q fair demand
for SOS. COS and some business
was transacted in 56's, but lower
grades were quiet. Prices were
steady on Sos, while on the
finer qualities graded wool prices
were slightly easier.
The Washington times., 1930-12-20
Slump Breaks Do1Un Old
Credit Control Theory

| banks. Money rates are very low,
as is the rediScount rate. Yet
commodity prices decline Busi-
ness is poor. THE security markets
are highly reactionary.
We do not have to be experts
in money and banking to see that
something is wrong with the ideas
Of the inflationlStS. We now
know that our reserve system can
not control prices or prevent busi-
ness cycles.
In the first place, the banks
can not entirely control even the
supply Of credit. We have seen a
runaway credit situation in which
funds were supplied by corpora
ationS and foreign lenders with
little regard to the attitude Of our
banking authorities.
Banks Cannot Control
But even II the banks could
control credit supply, they can
never control the demand for
credit. That is what we are
AOeSA AAAAS VONSys 4A4C4O 40 oUAAANebAAV
money and credit now, but who
wants it? The banks pump in
credit, but prices decline, bust.
ness recedeS, and "easy money"
becomes a joke.
We have learned that the banks
cannot control the use to which
credit will be put. They may want
the loans they make to be used In
business. hoping to, support COM
modify prices. But borrowers
may actually use the credit for
buying stocks, That is what
they did in 1929.
A wise control over bank credit
is important, and we badly need
q stronger Federal Reserve Board.
But, above all, we need less over.
buying and over-producing by
business men, and more living
within their means by consumers.
II each individual kept his own
credit sound, there would be few
national credit problems.
The Washington times., 1930-12-20
PICKUP SERVICE
ADVOCATED

A report urging a store delivery
and pickup service by railroads
was today unanimously adopted
by the Atlantic States Shippers
Advisory Board in session at the
Willard Hotel.
For a number Of years the ad-
visory board has been considering
development Of q form Of col
lection and delivery service that
would meet conditions in New
York and other sections Of the
Atlantic seaboard. The efforts
included those which involved a
report made by the late Justice
Harlan of the Interstate Com
merce Commission and the ap-
pointment of a special committee
by the presidents Of the New
York railroads. This committee
was directed to confer with the
shippers and receivers Of freight
to make q study with a view Of
insuring action. The report, in
part reads:
Wrote to Committee
"Our committee, not hearing
from the presidents committee,
wrote to the chairman Of that
committee asking the status Of
the matter. We were advised
that another committee had
been appointed to study the
problem.
1--WE believe the railroad presi-
dents have all the information
necessary to definitely act.
The railroad executives last
month approved the declaration
a of policy pleading for the pub
lie support Of q program to
strengthen the position Of the
railroads. We believe the fail.
ure Of the railroads to act
upon this StOre-dOOr delivery
places them in a position Of
failing to help themselves"
Nominate Officers
Nomination Of officers was
held today shortly before lunch.
con, all Of them being incumbents.
They were:
H. E. Stringer, vice president
Of the Hydraulic Press Brick
Company, Of washington, general
chairman; G. L. Hilleary, general
traffic manager Of the F. w.
Woolworth Company, first alter.
nate general chairman; F. E.
Paulso1, vice president Of the
Lehigh Portland Cement Com
pany, Allentown, Pa, second al
ternate general chairman; p. W.
Moore, traffic manager Of the
Chamber Of Commerce, Long Is
land City, N. Y, general Secre-
tary; and w. B. Einstein, Of
New York, secretary.
The Washington times., 1930-12-20
LOCAL BROKERS
SEE UPSW|NG

That the extended period Of
depression and sagging which has
characterized the New York "big
board" in recent months is about
to be replaced by a slowly up
ward climb is the opinion ex-
pressed by a number Of Washing
ton brokers and bankers who are
inclined to doubt that an arti-
ficial furry would influence the
heavy trading Of the last two
days.
When more than $4,000 sales
are recorded in a single day the
dealers are willing to believe that
the swing was the result of in
vestment buying and defeat of
bearism.
A number noted that the sharp
change Wednesday afternoon fol.
lowed very closely upon the de-
cision Of Congress to Shelve the
World Court legislation for an.
other year and are inclined to
believe that this news from the
National Capital turned the tide
upward on the exchange.
The Washington times., 1930-12-20
METAL MARKETS.

NEW YORK, Dec. 20 Q,NSO.
Buying Of copper on boJh foreign
and domestic account continued
in fair volume today. Electrolytic
for domestic shipment was at 10
cents a pound delivered to the
end of April, and 1890 cents a
pound c. i. +. Hamburg, Havre
and London. Lead buying was
small with the price unchanged
at $40 cents a pound, New York,
and 4.95 cents a pound. st. Louis.
Zinc buying was small with the
price unchanged at 4 cents a
pound, East st. Louis for prime
Western zinc.
The Washington times., 1930-12-20
OIL MEN FIGHT
To SAVE FIELD
IN KANSAS
Decision Of Prairie oil and Gas
to Suspend Buying May
Cause Abandonment of Field

CHANUTE, Kans., Dec. 20
QNS0-Oil producers in south
eastern Kansas today appealed
to President Hoover, the Rocke-
fellers, and other leaders in the
oil business to save the industry
in Kansas.
The decision Of the Prairie Oil
and Gas Company, according to
oil men gathered here, to cease
buying January will close the
Kansas market and doom the
Kansas field.
12,797 Wells
According to the petition signed
by well owners and sent President
Hoover there are 12,797 Kansas
oil wells and a potential deposit
Of 400, ,OOO, 900 barrels Of oil.
Once the pumps are stepped,
it is said, the wells will rapidly
fill with salt water, running the
oil.
Greatest Waste"
In the telegram to President
Hoover, the closing of the prairie
market was referred to as the
greatest economic waste ever
known In time Of peace.
In a telegram sent to John D.
Rockefeller, sr., and his son, their
assistance was asked in prevent
ing the closing Of the prairie
market. The Rockefellers hold
large interests in the Prairie
Company.
Committee Appointed
A committee has been ap-
pointed to represent the oil men
in negotiations for relief.
Dan Kelsey, representing the
Prairie Company at the meeting,
said the Prairie Company had
lost its Eastern markets and that
its withdrawal from the field Of
oil purchasers was an economic
necessity.
The Washington times., 1930-12-20
CITIES SERVICE.
YEAR NET UP
81 CENTS
Twelve Month Report Shows
Income Equal to S1.45 a
Share; New Record Is Set

Cities Service Company has re.
ported that net earnings for IL
months ended November 80 to-
tailed $58,781.452. equal to $1.45
q share on average number Of
outstanding common shares dur
ing the period, compared with
$41, $50, 1872, or $1.14 q share in
corresponding 1929 period, an in.
crease Of Al per cent. November
net earnings were S4,430, ,678,
against $4,314,815 in November,
1929. This makes the thirty
first consecutive 12-rnonth period
In which earnings have reached
record heights.
CUBAN-AMERICAN SUGAR
Year ended September 30 showed
net loss Of $2,064,004 after in.
terest, depreciation and charges,
contrasted with a net profit of
$1,204,356 in preceding year.
GREENWICH WATER &
GAS.-GrosS revenues for the
year ended october 81 totaled ST..
5,213, compared with $1,573,.
807 in corresponding 1929 period.
After deductions for operating ex.
penses, maintenance and taxes,
there remained a balance of
$728, ,092, against $711,360, in pre-.
ceding year.
PENN POWER 81 LIGHT-Oc.
tober profit was $840, ,963, after
taxes and charges, but before de-
probation against $834, ,294 In Oc.
tober 1929. Profit for IL months
ended October 81 amounted to
$40, TIA, ,282, compared with $l0,.
072,136 in similar 1929 period.
MEMPHIS POWER & LIGHT
Twelve months ended October
81 showed a profit Of $2,231, los
compared with 1895, 1855 In like
1929 period. october profit was
$165, ,S04. against $159.335 in Oc-
tober 1929.
The Washington times., 1930-12-20
CONTROL
CURB MARKET
TREND
Scattered Short Selling and
PrOfit-taklnu Seen in All
Sections Of List, However

NEW YORK, Dec. 2Oe-Buliish
forces showed no disposition to
permit the curb market to get
out Of their control ct the abb
breviated weekend session today.
and despite q recurrent run Of
profit-taking and scattered short
selling, prices in the main body
Of stocks held their ground In
fairly good style.
With three days Of rising prices
behind it, many traders decided
that the more prudent course
would be to see how the market
would absorb secondary selling,
before extending their commit.
InentS on the side Of the I'd.
vance. It was generally conceded
however, that the protracted de-
cline preceding the recent 10.
bound could very easily entitle
the list to q rally extending over
q period Of weeks, before import.
ant resistance would be en-
countered.
Shorts Squeezed
There were reports that q large
short interest was fairly locked
in a number Of the leading
stocks, and that 1t would not
take very much more in the way
Of further advance before these
stubborn bears would be forced
to buy back their stock at con-
siderable loss to themselves.
The utility group showed de.
cided firmness with moderately
improved levels reached by ElecD
trio Bond and Share, American
Superpower, American Gas end
Electric, Middle West Utilities.
United Gas, and United Light
and Power A.
Cities Service Off
Cities Service ruled sluggish IN
the first half Of the session.
showing q fractional loss Of 15ss.
Oils ran up sharply, with Gulf up
IA at 647s, Standard of Indiana
up 17s at 351s, Vacuum up l3S
at 553s, and Humble UP " at
63h.
Pennroad continued TO reflect
the improved attitude toward the
rail stocks and edged up frac.
tionally.
The Washington times., 1930-12-20
CHICAGO LIVESTOCK

Hogs--Receipts. II 900; market steady
TOP; $50; bulk, sos; heavyweleht.
llshtweight. $79O@8.1O: light lights
S7.S5 q $40: packing sows. S6.75 07.25;
pigs $T75@S1O: holdovers. 5000.
Cattle.-Receipts, 400; market steady,
Calves-Receipts. 100: market steady
125O: common and medium, S7@950.
yearlings. $701S.5O. Butcher cattle
Heifers $5@12: cows S4@7.5O; bulls
s6@7.50: calves. 37@1O: feeder steers
stoclter cows and heifers, $407.
,Sheep--Receipts, 5000: market steady,
Medium and choice lambs. S750@8.s5:
culls and common. $5@7; yearlines
9S.B006.75: common and choice ewes,
S293 ais; feeder lambs. $6Q74O.
The Washington times., 1930-12-20
NeIU Construction
Oft to $685. 600

Engineering construction pro-
poSals announced throughout the
country last week reached q total
value Of $50, 1886, 900 for all types
Of work except highways. This
compares with $51, ,S72 900 in the
preceding week and $170,843, 900
in the corresponding week last
year, the McGraw-Hill Construc-
ton Daily reports. Public work
reaching the proposed stage
amounted to 81, ,491 900 for the
week, q decline Of 5 millions
from the week before but q gain
Of the same amount over 1879.
The Washington times., 1930-12-20
AcceptGnces Climb
S63,I73,948 in NOU.

A gain Of $63, Its, ,948 is shown
in the volume Of dollar accept
ances outstanding during Novem.
ber by the monthly tabulation
prepared by the American Ac.
ceptance Council. The volume.
however. was $86.482 $50 below
the total for November 80, 1929,
with only one month to 20
before the years record Is
revealed" said r. Fl. Bean, ex-
ecutive secretary Of the council,
"it Is now certain that &C.
ceptance credits have financed
over $1,000, 100000 more busi-
ness here and abroad than In
the year 1922"
The Washington times., 1930-12-20
BY LEWIS HANEY
Director New York University Bureau Of
Business Research and Former
Economist Of Federal Trade

Business Research and Former
Economist Of Federal Trade
Commission
A great wave Of liquidation is
nearing its crest. While no man
can be absolutely certain, it seems
reasonable to suppose that very
soon a technical rebound or rally
in the stock market will develop
simply because stocks are being
overSold.
But the fact remains that there
has been q great collapse In Sc
curity values and a renewed de-
cline in commodity prices. It
seems to me, therefore, that this
is q good time to draw some les
sons from existing conditions.
Our generation, at least, can free
itself once and for all from some
Of the delusions which have af-
fected 1t.
Reserve DeluSiOn
One Of the greatset of these
delusionS has been the notion that
our reserve system could control
prices and iron out the business
cycle. We have been told that
the banks could keep business
good by supplying more and more
credit. It has been argued that
by making money "easy" they
could prevent any great business
recession. Even now there are o
very few who still say that If only
the reserve bank would give us
some credit initiation business
would pick up.
InfIatiOnist Idea Wrong
Yet here we are with nearly half
the worlds supply Of monetary
gold, with a high Federal Reserve
ratio and with a large volume Of
credit put out through the pur-
chase Of Government bonds and
commercial bills BY the reserve
The Washington times., 1930-12-20
IOpenIClosl
Car LOGdings Up
81. .O88 For Week

Freight loadings in the United
States in the week ended Decem.
Der 6 totaled 787,173 cars, an
increase of 85,0S8 over the pre-.
cedi1g week, which was Thanks.
giving week, but 146,136 cars be.
low like 1929 week and 10T,0OO
below like 1923 week.
The Washington times., 1930-12-20
RUPP DECLARES
SMITH BONDS
SOUND
Worry Caused by Action Of
Some Statesmen; Publicity Of
Officials Trials Affects List

Officials Trials Affects List
william H. Rupp, a member Of
the firm of John w. WEIGH g.
Co., Inc, q local brokerage firm,
today warned holders Of bonds
in the F. H. Smith Company
properties not to hastily sell
their holdings or switch into
other stocks or bonds without in
vestigations.
In response to many telephone
calls about the bonds Of she
firm, Mr. Rupp explained that
attempts were being made by un-
scrupulous statesmen to switch"
the Smith bonds held by clients
into other securities. In some
instances the stock or bond of.
1ered by the statesmen were far
below the values Of the bonds
which they were willing to ac-
cept.
Worry Unnecessary
A great deal Of worry has been
created in the minds of bond.
holders since three former Off
cials Of the firm were found
guilty Of charges Of illegal prac-
ticeS in connection with certain
financial matters of the firm.
This Is entirely unwarranted,
the broker explained, pointing
out that in some instances the
values Of the bonds had in.
creased since they were sold.
He advised that holders main.
tain their positions in the bonds
and wait until a better time be-
Tore making any moves.
Directors of the Liberty Ma.
tional Bank, meeting yesterday
evening authorized payment Of
the regular dividend on the stock
OF. the institution as well as a
special dividend. Holders Of rec.
ord December 26 will receive on
December 81 checks for $3.50
per share on the stock Of the
bank and the extra dividend Of
81 per share.
1t was also voted that a 5 per
cent bonus should be paid en-
ployes Of the bank.
Frederick P. H. Siddons. chair
man Of the general committee
Tor the thirteenth convention of
the District Of Columbia Bank
erS Association to be held at Hot
Springs, Va, June 18 to- 81, 1881,
and Luther E. Schreiner. chair
man OF the hotel committee for
the convention, are spending two
days in the Virginia city perfect.
ing arrangements for the annual
gathering. They left for Hot
Springs last night.
Miss Marian Sebastian is In
charge Of arrangements for the
Christmas party which the Wash
1ngton Bank Women's Club is to
hold at the Lee House next Mon
day evening. The program will
include a dinner and q Christmas
tree.
Directors of the McLachlen
Banking Corporation yesterday
declared a 3 per cent dividend
payable December 81. They also
declared a 5 per cent bonus for
employees Of the institution.
The usual quarterly dividend
Of l1a per cent on the preferred
stock and rs cents a share on
the common was declared by the
directors Of the American Ice
Company yesterday.
The Washington times., 1930-12-20

Your time Il valuable. save a when
searching for Christmas Gifts ~ ahop-
ping FIRST Through the .ChFistmas
Gift Suggestions" featured IN todAy'N
Classified AdA
The Washington times., 1930-12-20
NEW YORK COTTON

NEW YORK. Dec. 20 U.N.sO.-
The range of prices of the New York
Cotton Exchange today was:
IOpenHighTL Close
The Washington times., 1930-12-20
CLOSING LIBERTY BONDS

NEW YORK, Dec. 20 (I.NS.).
Closing price quotations for Government
bonds today were: Liberty AVS $101.29;
first 4As, 31O23O: fourth AIS, 41o3.1S:
Treasury AVS, $11212: Is, $1oS.12; S%s,
S10612 and 3N Ns OF ~, S1O2.14.
The Washington times., 1930-12-20

Canada
New York funds in Montreal $1.71M
premium at $1,000.
Montreal funds In New York. SLIM
discount at $1,000.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-11-21
Yale and Harvard
Top East Program
With Annual Game
Experts Predict. Close Game
Saturday Despite Records
During Season

New York, Nov. 21.-(F-The iron
duel between Yale and Harvard fur
nishes the east with its outstanding
football attraction tomorrow. There
are other important contests on the
slate, but none of sufficient caliber to
compete with the annual fray between
the Crimson and the Blue.
The rival head coaches, Nal Stevens
of Yale and Arnold Horween of Har-
ward, planned only light workouts at
New Haven for their squads today
Both starting lineupS have been NOM
mated, and most of the experts have
tossed aside their form charts and
confined their advance statements to
predictions of a close game.
Yale will line up with Flygare and
Barres at the ends; Wilbur and Vim
cent, tackles; Linehan and Stewart,
guards; Loser, center; Booth, quarter
back; Austen and Dunn, halfbacks;
and Crowley, fullback. For Harvard,
Harding and Ogden will be the ends:
Richard and Trafford, tackles; Mayer
son and Trainer, guards; Ticknor
center; Wood, quarterback; Huguley
and Orchard, halfbacks: and White,
fullback.
At Annapolis Navy hopes to stage
a comeback at the expense of Mary
land, and at New York Fordham,
beaten by st. Mary's, would like to
end its season with a victory over
Bucknell. Expert opinion is that the
Rams will do so.