davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-11-22
LOCAL PRODUCE

Butter - one-ponnd prints, 41h0
42hc; tub, 391s G40hc.
Eggs-Hennery. 4S05Oc; current re-
eeipts, 42@45c.
Poultry-AIve. turkeys. prime, 24c;
small and thin. 17@1Sc; spring
chickens, large. 2O021c; medium. 1SW
7oc; small zoe: fowls large, 1870
1s@14c; ducks, l5c; ROSTERS, I39I4c;
keats young and large 10000; old.
ESQ soc Dressed: Turkeys IS 20 3Jc
spring chickens, large % 7Q2Sc; medium,
IS o CSC; small. 2702Sc; fowls, large
IS q 26c; medium. 23Q24c; loghOrus
fowls 1s@20c; ducks. 24425c; keats.
young. 7O@S0c; old. 4O045c.
Meats-Beef. 1s@23c; veal. IS123c:
lamb. 20@2ac; pork loins, 25c; fresh
Smoked meats Hams :5c: shoulders,
1sc; bacon 81; lard. in bulk. l3c; in
packages, 14hc.
Live stock-CAlves. lie: lambs, 50
&c.
Fruits-Honeydews $1759225; hon
eyballs, $3.50; Persian melons, $3.50
17S; casabas. $1.2591.75; oranges. Cali
lemons s2.5O@s So; lines, per 100.
$1-75; grapefruit, $2.5OGa.s5; plneap-
Piles, $5@550; persimmons. ylQ2.25;
tangerines. 81: grapes. Alicante $40
s1,2S; Cornichon soc @$l; MaIagas 81 80;
Tokays, $l@125: Muscats, 81: rhomp-
son seedless $1.50@l.75; Iinfadels,
S11O; pears Bartletts per box. $3.50;
Seckels, per bushel. $2Q2.5O; AnJous.
9S6S.25.
Vegettabies-Potatoes 15O-lb sacks,
&SGS.25! Idaho bakers, 10O-Ib, sacks,
$275@S; sweet potatoes. per barrel
3292.50: tomatoes California repdcks,
$1@2; cabbage, 81 parsnips, $111.25.
The Washington times., 1930-11-22
8 MILLION loan
FOR GAS CD.

The board of directors of the
Washington Gas Light Company
today authorized $3,0OO,0O0 in Az
per cent gold notes due in 1888,
to be issued December /. Inter
est will be paid semi-annually, on
April l and October /, in New
York and Washington.
The issue is redeemable in
whole or in part on the first day
of any month. on 80 days notice,
at 1902 and interest until Octo-
ber' l, 1881; thereafter, until Oc-
tober /, 1882, at 1O0H and inter
est, and from that date until ma
turity at par and interest. They
are in denomination of $1,000.
The Chase National Bank OF
New York is trustee for the is
sue, which has been authorized
by the District Public Utilities
Commission. Proceeds will be
used to repay bank loans incurred
to finance extensions and addi-
tlons recently made, and to pro-
vide funds for further extensions
under way and contemplated.
The Washington times., 1930-11-22
Confidence in prices.

Confidence IN prices.
That is what must be restored,
whether it is for a suit of clothes
or a ton of bricks, before normal
times will return.
Prices of most of our raw ma.
terials and many of our manu-
factured goods already are at
rock bottom price levels. The job
OF the producer, manufacturer
and merchant is to prove this to
the holder of the nations purse,
strings.
Prosperity is based on a pro.
ducer or manufacturer or mer,
chant able and willing to set at
a price at which the buyer is will.
ing and able to buy.
Depression Cause
DepresSionS are caused by
prices getting out Of this range.
That is what happened last year.
both in the stock market and in
business. Prices went higher than
the purse-string holders were will.
ing to pay, with the result buying
fell off. then production and then
prices.
AS the prices went down. the
buyers began TO hold off a little
longer in hope OF getting the
things they still desired at even
little lower level. Now that prices
are getting down to rock bottom,
If as the producer manufactures
and merchant keep telling us they
are, the turn for the better is
near.
All this talk about depressions
being unavoidable is a lot of
bunk. 1t is true that they come
along every SO often, just as
regular as clock work, but there
is nothing of the phenomenon
about a depression.
AS long as prices are right
that is. as long as prices are at
levels that attract the buyer,
there has always been prosperity.
Key to Prosperity
Prosperity has continued as
long as the favorable price condi-
ton lasted. A study of previous
depression and prosperity periods
in the United States shows this
to be the case.
AS clue to when normal con-
ditions will return, study of
current commodity prices with
comparisons to last year and
earlier are interesting.
The Washington times., 1930-11-22
CUTTING
SEEN AIDING

Shipping coal to Newcastle is
not SO silly as it sounds, espe-
cially if it is gasoline and the
Newcastle is California.
But shipping gasoline from the
oil industry's Newcastle to the
Eastern market is not proving so
profitable.
Mid-continent producers, helped
by spread in tank wagon prices,
are making surreptitious ship
ment or two of gasoline TO Cali
fornia at profit of about 3 cents
a gallon. The tank wagon price
for gas in Houston. Tex, is IL
cents, plus the cost of about 1l2
cents a gallon for tanker ship
ment TO the West Coast, lands
Texas motor fuel in Los Angeles
at 1919 cents The present tank
wagon price in Los Angeles is
15i2 cents.
New Price Cut
But the poor East Coast i'm
porter of Pacific Coast gas is
finding his path made harder
each day. Yesterday Standard
Oil Company of New jersey
dropped &he tank wagon price
cent gallon at Bayonne. This
brings it down to 534 cents q gal
Ion.
The Bayonne price is consid-
cred, generally, as the base price
for Standard of N. j. and Stand
ard Of New York products. These
two companies recently inaugu-
rated a system of pricing gasoline
on an F.. o. B. basis. The farther
away from Bayonne, the higher
the price, due to the cost of trans
portation.
Reduction at Jersey likely will
be followed by cuts here.
Cut Significant
The cut is regarded as signi-
ficant in view of the impaSse
understood to have been reached
in negotiations to merge Rich
field Oil Company of California
with Tide Water Associated.
Richfield Oil of New York, East.
ern marketing subsidiary of the
California company. has been a
thorn in the side of the big fel-
lows here in the East. Richfield
has been aggressively opening sta
tions, etc, in the territory of the
Standard Oils and other giants.
Now Tide Water gets alonS
pretty we'll with the big fellows.
Standard of New Jersey was one
of its biggest stockholders. until
recently. Then it turned its stock
interest over to the bankers for
Harry Ford Sinclair's company,
and Sinclair is working on a plan
to unite with Tide Water Asso.
ciated. This stock deal revealed
to the world the Rockefellers of
Standard Oil and Sinclair had
buried the hatchet.
The Washington times., 1930-11-22
BALTIMORE PRODUCE
FRrIT

FRUIT
Apples-One pennsylvania arrived; 3
cars on track, including broken. West
ern Maryland, Pennsylvania and Virginia
truck receipts moderate. Supplies lib
eral; demand and trading light: market
very dull. Bushel Baskets: Western
Maryland, Pennsylvania and Virginia. Il
S. Is 2h h-inch up, Staymans SI4OG
$50: Grimes and JOnathans, $1.23Dl.50:
Delicious, $2.25 2.50; u. s. Is, "a inch
mp, Delicious, So; Staymans $1@l.25:
Yorks, soc q 81; various fall varieties un-
poorer. 35@65c; New York. utility. 2ia-
inch up, Spies, Hubbardstons and Bald
wins. s5c@$1: Wolfe Rivers and
wealthys overripe. 500 Boxes:
Washington. medium to large size. STAY
mans. extra fancy, $2G2.l5; fancy $40
@i.s5.
Cranberries s-suppttes moderate.
Massachusetts, 4 -bhl. boxes early varie-
ties, $2256S; late varieties, $25Om35O
New York. 12-qt. baskets Concords. a.
64Sc: 2-qt. baskets, 1261sc: Catawbas
1o01Sc.
Grapefrult-Supplies moderate. Florida.
boxes, y. 8. Is, as to size, So. 63,25
few higher
oranges-FIorida supplies moderate.
Boxes U. S. Is. as to size $2.5O63.5O
few large size higher.
PsaFa-Supplies moderate, New York.
seckeIs. as to size. &l2562 few large
size higher; Kieffers. No. Is $lG1.25:
Sheidons No. Is $IT562.95.
Pumpkins-Supplies moderate Nearby
as to size s61Sc.
Tangerines -SuppIies moderate.
Florida. one-half boxes L. s. 1s. as to
sls& $3.50 q 2.So. few higher.
The Washington times., 1930-11-22
VEGETABLES


Beans-NO car-Iot arrivals; cars on
track, including broken, Florida express
receipts moderate. Supplies moderate:
demand slow: market dull. Florida. Nex-
quality, best, 1926, few higher poorer.
.5c1$I; Round .Stringless, best. $l.75
@2: poorer. $l.25@I.50
Beets-Suppliss moderate. All sec
tons, per bunch. 204c.
Br"ssels sprOuts-Supplies moderate.
Long Island per qt., best. 1z1. QlSc
poorer, GW lOc
Cabba Ee-Seven New York South
Carolina arrived; 1 recOnsigned; 81 cars
ON track, including broken Supplies
moderate: demand slow; market dull.
$1G@l1, few SIS; domestic, Round type,
$l4@l5 South Carolina l u -bu. ham
pers, Pointed type, $225W2.5o. New
jersey. bu. baskets, Savoy. IS a. soc.
Carrots-No car-Iot arrivals: 10 cars
on track. including broken. Supplies
moderate; demand slow: market dull.
California western lettuce crates.
punched. $2.50@3. New York, bu. bas-
kets, washed. best, 75@s5c: poorer. %
q zoe. Nearby per bunch 204c.
Supplies moderate. Cali
fornia' pony crates, $l.25Ql.FS. few 81;
Oregon, $l,75@2.
celery--Four New York arrived; re-
consigned; - cars on track. including
broken. Supplies moderate; demand
slow; market slightly weaker. New
York, two-third crates rough, best, $l.75.
lew HlSn as 81 IdIF uuaIllgt $l.SD u 1. .JU
fair quality and condition. 50cW$1.
Cucumbers-No arrivals: no cars on
track No good stock market Mod
crate inquiry.
EggpIants - No car-lOt arrivals: l
broken car ON track. Florida express
receipts light.~ Supplies light: demand
slow; market duh. Florida express.
pepper crates. fancy. mostly around
$3.50: choice, N.5o@1.75
'''u"e, Two california arrived: Is
...., .,u.,"tn and Hampton boat re-
CoiDis light: New Jersey truck receipts
light. Supplies moderate: demand mod
crate; market about steady. California.
o., few $425945O: poorer. $2,75 0a.5O.
New Jersey. 2-dOZ. crates Big Boston,
15c@$1. few higher.
Lima Beanstmctsgppltes light. Cuba,
Mushrooms-suppIie moderate. Penn
sylvania, 4-qt. baskets, extra fancy
whites, 500 Toe, FEY higher.
Onions-NO car-lOt arrivals: IA cars
fairly liberal: demand slow; market dun
Fifty pound sacks, YellOws, u. $. Is. In
diana and Michigan. G0@G5c. few zoe:
New York. 60@6Oc. Colorado. 5O-lh,
sacks, Valencia type. U. $. Is, large size,
mostly $50. New York. 10Orfb. sacks
Yeilows. U. $, Is. $1@1.15.
Peas-Supplies moderate California
45-lb. crates. $.2564.5O.
Peppers--No car-iot arrivals; no ca's
on track. Florida express receipts light
Supplies good sthck light: demand slow
market duh. Florida. pepper crates. fancy
$9@225 few higher; choice. $l.5031.TS.
Potatoes-One Maine, 1 New York
arrived; ~ cars on track including
broken. Western Maryland and Penn
sylvania truck receipts moderate. sup
plies fairly liberal; demand slow;
market dull. Maine, 100-pOund sacks
Mts, U. s.. Is. $1.sOQls5; few Sl.sO
Idaho, l0o.ponnd sacks Rnsset Bur
banks u $. Is. mostly $2.75; 25-pouBd
sacks 75c. Western Maryland and
100 pound sacks. Round
Whites, l., 5. Is. Sl.606l.S5: few
higher showing blight. SI2snI50
Spinach-NeW Jersey truck receipts
The Washington times., 1930-11-22
RichfieLd to Slash
Costs S12.OOO.OOO

James A. Talbot, chairman of
Richfield Oil Company of Cali
fornia. has announced that the
company has Cancelled crude oil
purchase contracts with Califor-
MIA producing companies, which
together with other economies,
will result in a saving of approx
imately $12.00O,0OO annually.
Estimated savings to be ef-
fected unLer the cancellation Of
crude oil purchase contracts will
reach a total of 100000 a month
by next March and 100000 q
month by June, 1881. Other OPP
Grating economies will result in
saving OF 100000 a month.
The Washington times., 1930-11-22
LEADING PRODUCE MARKETS

moderate. Supplies moderate, demand
moderate; market about steady. Ne"
Jersey bushei baskets. Savoy best 41W
S5c; poorer, 60065c
SquaSh--No car-lot arrivals; no cars
on track. Florida express receipts light.
supplies light, demand slow; market
dun. Florida, express bushel hampers,
medium size. wrapped &l.'H fe"
sweet Potatoes-No car-lot arrivals:
no cars on track. Receipts equivalent
to Eastern Shore Maryland boat
Eastern Shore Maryland, Virginia and
nearby truck receipts light. Supplies
moderate; demand moderate: market
steady. Eastern Shore Maryland bushel
hampers. YeiIows, L. :. Is, $1Q1.25:
few fine quality, higher, ungrsded, IS
W9Oc, Eastern Shore Virginia, barrels,
Yeltows, u. 5. Is. $2.25; few $3.50;
ungraded, wasty, $l.2sW1.75; white
yams, medium size, bright, 32.75@3;
large size, $s.2S 80. Nearby 1sbushel
hampers, 500G5c.
Tomatoes No car-lot arrivals; 2 re-
consigned; IL cars track including
broken. Supplies moderate: demand
slow; market duh California, luSs.
larger, best $L50Ql.7G fair quality
and condition, Ei01.25 leakers $50
'5c, Florida. too few sales reported
to quote.
receipts moderate. Supplies moderate;
demand slow; market very dun. New
Jersey bushel baskets. washed, best
G0VG5c; few 15c; poorer, 400 Soc Near
by " -bushel hampers, 200 4OC.
EGGS
On the Baltimore Butter and Egh
Exchange there We're no offerings.
street sales market duh on hennery
whites. Small lots nearby current re-
cefpts candled, large size, age; few
higher, medium size, 36940c hennery
whites. large size. 4Sc; medium size,
42045c; pullets as TO size, 3OmAOc; per
dozen. Receipts butter, GAG tubs eggs.
652 cases.
LIVE POULTRY
Chickens-Y0ung, colored, as to size
1G024c: leghorns, as to size. l60lSc.
Chickens-Old. heavy. 21@22c; medium,
Is a zoe; leghOrns and other light stock,
10 q lie: ROSTERS. l4015c.
Ducks-Houng, White Pekins. four
pounds and over, 10000: Muscoyy,
four pounds and over, lS020c; Puddle,
four pounds and over, 16GIsc. Ducks
Old. all kinds, lIWlGc.
Guineas-Y0unE, two pounds and
over. 60@65c each; smaller, sO@S5c
each.
Turkeys--Youns, eight pounds and
over, gobblers. 24025c: hens, 2jA2Gc:
crooked breasts and culls l5@1Sc: old
toms. 2O@92c.
Rabbits-Maryland Pennsylvania and
Virginia, $4G5; few higher: Western
and Southern. $2.5O@4
The Washington times., 1930-11-22
SEEN
BRIEF

Any Slight Sell-off was expected
to be short lived in brokerage cir
cles today. The purchase of good
stocks for q trading turn on any
further recession was generally ad-
Vised.
Expect the market to maintain
a firm dertone - HORN
BLOWER & WEEKS.
Reaction was not such as to
cause uneaSineSs.-BAAR, COHEN
& CO.
Would add to trading lines on
further reaction oday.-EMAN-
UEL & CO.
Stocks may face no more than
a minor reaction here.-E. F..
HUTTON & CO.
Trend of the market is still up
ward.-CUSICK, KENT & CO.
Doubt the possibility of any Sc
rious decline.-OTIS & CO.
Purchases in sound stocks dur
ing receSSions will prove profit
able.-TOBEY & KIRK.
Continue TO exercise consider
able caution JOHN MELADY &
CO.
Likely to be an absence Of sell
ing preSsure.-H. HENTZ & CO.
Do not expect reaction to ex-
tend beyond technical proportions.
u. S. BACHE & CO.
Tone of last nights close sug-
gestS early selling today.-BEN-
JAMIN BLOCK & CO.
Seems possible that this reac-
tion should go somewhat further.
SAMUEL UNGEREIDER g. CO.
The Washington times., 1930-11-22
CHICAGO LIVESTOCK

Hogs-Receipts 10000; market steadv
Top $50; ,o@sIso bulk, F,ss ,S1 gs2S iH neayy,
$50 $50; lightweight. 3S.05uS.2O; /;
light lights. $s.10Qs.25; packing sowa
S7D775i pigs. $,.50QS,3d: holdogers.
1000.
Cattle-Receipts, 200; market steady.
Calves-Receipts, 100; market steady.
Beef steers-GOod and choice, $500
l2.5O; cows, s3.5OG7,5O bulls, $500
7.50 calves. Ssq11; feeder steers, $3.50
Gs.75; stocker steers, $550qs; stocker
cows and heifers. &466.
Sheep-Receipts, 1000; market steady.
Medium and choice lambs. $i.i0HS.5U: :
cuIls and common. $"FfI; yearlinSs.
$5.30T7: common and choice ewes
SAT-; feeder lambs, $5d 7.25.
The Washington times., 1930-11-22

The prices given for 1929 and
1928 are the average for the year.
Works in Circle
Practically all of these com
modities are selling at their low
est prices in years. Silver has
never been SO low. Flour, sugar
and wheat, the staff of life, are
the cheapest they have been
since the outbreak of the World
War in 1914. Pig iron is the
cheapest it has been since 1915.
The same is true of cotton, rub
Der, silk, tin. and rye have never
been so cheap.
AS these low prices are passed
on by the producer to the manu-
tacturer, from the manufacturer
to the merchant. and from the
merchant to the consumer, the
grip on the nations purse strings
Is lesSened. Then, before you
know, everything is on the road
back to normal times.
The Washington times., 1930-11-22
Price Confidence Needed
As Business Tonic

In the case Of copper it reached
9E2 cents a pound couple Of
weeks ago. Quite~a few large pub
lie utility companies placed orders
around this level. Then the cop
per producers got together, agreed
to curtail production and imme-
diately lacked the price up to II
cents q pound. 1t has Since
dropped to around II cents.
In order to stimulate copper
business, confidence in the IL or
IL cent price must be restored,
and it is toward that end the pro
ducers are really working in their
curtailment plans.
The following table compares
commodity prices now and a year
ago:
The Washington times., 1930-11-22

u Ohio Cop. ......... u u u
The Washington times., 1930-11-22
PRODUCE SHIPMENTS

Car-lot shipments reported for the
entire United States for Thursday,
November 20:
Apples-New York. l27; Oregon. 40.
Virginia, 81; Washington "a. West
Virginia, 21. Others u.s. Total $50.
Cabba bage--MinuesOta. ,: New York,
45; Pennsylvania. ,: South Carolina, =;
Wisconsin. %. Others 2. Total 81.
OniOns-COlOrado. 3; Indiana, 20;
Michigan. lS; New York. 10: Ohio, 4.
Others IA. Total &C.
0ranGes-AriZona. 3: California 50:
Florida lO3. Total zoe
Pntatses-Tdsho. "a: Maine ~: Long
Island. 40; New York. L.: Oregon. 40
Others $50. Total S07.
The Washington times., 1930-11-22
Ohio Oil Subsidiary
BUS Texas Stations

Ohio Oil Company's subsidiary,
Marat hon Oil, has acquired 1875
Texas service stations through
the purchase of ThreeD Products,
1t was announced today. Mara
thon acquired Del Rio Refinery
and Eagle Distributing Company.
Imperial Valley press., 1930-04-04
Ward Sale Seen
As Stimulant To
Local Business

Hundreds of out of town shoppers
coming to the city during the week
of April ) and II, attracted by the
announcement of the Ward Week
sale, will prove the greatest stim-
ulus to local industry of all kinds
that has been known during the
current year, was the prediction
made today by p. L. Mankins, man.
ager of the retail store of Mont
gomery Ward & Co.
"Judging by our experience in
other cities, every enterprising mer-
chant in the city will profit by the
coming of the crowds which will
throng our city during the Ward
Week sale" Mankins said today.
"The local store considers itself
essentially a local organization,
cog in the wheel of local industry
wherever it may have it's branches.
This April sale is launched in the
hope of stimulating a general wide
spread interest in the business en-
terprise of our entire community.
"Business men here are already
making preparations to take care
OF the hundreds of visitors, and it
is the hope of the retail store of
Montgomery Ward & Co. that the
Ward Week sale will be the occas-
ion of the Inauguration of a new
season of prosperity for every mer-
! chant in the city and for the COM
munitv as q whole"
Imperial Valley press., 1930-04-04

routed 50 California mem with tear
oohips and recovered the axe.
rive Stanford lads were captured,
however In the battle on California $
campus but Stanford, in turn, cap
'ured Six Californians at Stanford
ana now each student body IS hoid-
ing hostages.
On the Stanford campus the axe
was made symbol of victory at a
org rally an hour after the surprise
raid on the den of the Golden Rears
and at midnight the axe was placed
III 4 Stanford vault.
After the axe rally at California
last night the axe was being re-
turned to the bank vault for safe
Keeping when Stanford man, Bob
Lonfburrow and several compan-
ions, greeted the armored cars es-
Imperial Valley press., 1930-04-04
Actress Plans To
Wed Playwright

HOLLYWOOD, Apr. 4.-WD-
Marjorie Rambeau, noted actress,
is willing to wait three months or
more to marry II. II. Van Loan, well
known playwright, she said here to.
day after their engagement had
been announced.
They plan to be married after
Van Loans divorce from Gertrude
Cameron Van Loan becomes final
in about three months, and are con-
sidering Hollywood, San Francisco
and New York in selecting city
in which to hold the wedding.
Miss Rambeau has been married
twice, first to Willard Mack and
later to Hugh Dillman, New York
stage director.
Imperial Valley press., 1930-04-04
NEW BOOKS AT
CITY LIBRARY

Fiction-s'The Riddle of the Rose,
by W. b. Ferguson; "Borgia, by
Zoa Gale; "Elva," by Durward
Grinstead; "The People of this
Town. by Ethel Hueston; Early
Peaping,j by Gale Young Rice;
'"The Beautiful Years." by Henry
Williamson.
Non-Fiction- Making of the
Christian Mind" by Gaius e. At
kins; con the Up AMI Up" by
Bruce Barton; "George Washington
the Savior of the States,' by Ru-
pert Hughes; "The Christ of Every
Road by E. Stanley Jones; "The
Big American Parade,' by Halde-
ran Julius; "The Crusades,' by
Harold Lamb; "Famous Sheriffs, -
by VIM. Raine; La Fayette, by
brand Whitlock.
Fiction-"The Terfect Murder
Case" by Christopher Bush;
"Chapter the Last" by Knut
Hamsun; Glove de Luxe by Reg
inald Wright Kaufman; "Atmos-
;,here of Love- by Andre Maurois;
:'Convent Girl" by Helene Null
l.ns; "& Co.. by Jean Richard
Bloch; "Sarah and Son. by Tim
othy Shea.
Non-Fiction - "Wier Mitchell,
his Life and Letters,' by Anna r.
Burr; Balloon" by Padriac Col
UNI; "Every Soul is a Circus by
Vachel Lindsay; "Too Many
Farmers" by Wheeler McMillen;
''Buck in the Snow ny Edna
st. Vincent Millay; "Moroeco
Bound Adrift Among Books by
Edwin V. Mitchell; "Trailing the
Giant Panda," b. Theodore and
Kermit Roosevelt; cred Star IN
Samarkand, l." by Anna Louise
Strong.
Imperial Valley press., 1930-04-04
BUSINESS SHOWS
SLIGHT CHANGE
DURING MARCH

Business statistics and reports of
representative concerns IN leading
lines of industry and trade in Los
Angeles and in Southern California
generally present no conclusive evil
dence of an up-turA in business
activity during March, 1889, com
pared with March of last year. A
slight recovery, however, occurred
in some lines during March com
pared with February, although this
improvement was probably no more
than seasonal in character. The
attitude of business men is more
optimistic than one month ago, due,
no doubt, to the improvement that
has taken place in business and in
business sentiment in other parts Of
the county recently.
This is the introUIctory paragraph
Of the monthly summary of business
conditions in the Pacific Southwest
territory compiled by the depart,
ment of research and service of the
Security First National Bank of
Los Angeles, and released for pub
lication today. The summary con.
tinues in part:
Bank debts in Los Angeles dur
ing March, 1880, apd during the
first quarter of 1880 declined 2l.9
and l7.6 per cent compared with
the corresponding periods Of last
year. Declines in debts during the
four weeks period ending March
2G, 1890, compared with the cor
responding period last year were
,.lso reported from Long Beach, San
Diego, Pasadena, Santa Barbara,
Bakersfield, and San Bernardino,
and an increase was reported from
Fresno.
Manufacturing and fabricating
concerns in this region engaged in
the iron and steel, furniture meat
packing and automobile tire bust
ness operatoed at lower level during
March, 1890, than during March,
1929. The petroleum industry oper-
ated at n lower rate during March
than in either February, 1880, or
March 1929. Building activity in
Los Angeles during March and dur
ing the first quarter of 1880, as
measured by the value of permits
was 3I.l and 27.6 per cent less, re-
spetively, than during the cores
ponding periods of last year. Com
pared with February, 1880, the val
ne of permits during March in
creased s0.7 per cent. The value Of
building permits issued in SO South.
,rn California cities, exclusive of
Los Angeles, during the period from
January / to March !, 1880, was
1873 per cent less than in the SINH
lar period of 1929.
The volume of retail and whole
sale trade transacted during March,
1880, was sligh;,y smaller than dur
ing March, 1929, but was seasonally
greater in some lines as compared
with February, 1880. Sales of new
passenger automobiles in Southern
California during the period of-Jan'
uary- to March /, 1880 (the latest
period for which figures are avail
tble), declined 17.3 per cent com
AIRED with the corresponding period
last year.
Agricultural conditions were gen