davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-08-18
SURVEY SHOWS
TRADE GAIN

NEW YORK, Aug. 1S.-Collec-
tions of wholesale and manufac-
turing firms throughout the
country are holding up unusually
well through the dull season, ac-
cording to the August trade sur
vey conducted by Credit Monthly,
publication of the National ASso-
citation of Credit Men.
The survey, which covers 100
market centerS, shows very little
change from last month. Two
cities, Cedar Rapids and Water
loo, Iowa, reported collections
good, while only one city re-
ported good collections a month
ago. There cities moved over
from the fair" column to "slow."
Of the 100 cities covered, So re-
ported collections slow, 46 re-
ported them fair" and two
good"
Roanoke, Va. was the only
city reporting brisk sales, al
though 81 other cities character
lied sales as fair" and 38 re-
ported them "slow."
The continued dry weather and
the low price of wheat were re-
peatedly mentioned as unfavor-
able factors in reports from the
farm states, although reports
from industrial sections revealed
an undercurrent of confidence
that conditions will improve in
the fall.
The Washington times., 1930-08-18
Decrease Reported
In Flour Production

NEW YORK, Aug. .18.-Flour
production for approximately 90
per cent of all United States
mills for the four weeks ending
August 8. toraled 6,221,73O bar.
rels, according to General Mills.
Inc, as compared with 6,224,O85
barres in the corresponding
period a year ago.
Cumulative production since
June 30, totaled $685. ,814, as
against 8.852, ,439 barrels In the
same period of 1929.
The Washington times., 1930-08-18
FOLLOWS
DEFLATION

"An amazingly close correspond
ence between currency and price
deflation throughout the world,
plus the fact that American cur
rency def.ation has now been
checked, leads James c. Wilson
& Co. to ~ in their current
monthly summary that the facts
all point to & prompt "arresting
of commodity declines and a grad.
ual health return to stable
prices, better earnings ratios, in
creased business confidence and
firmer and higher levels for
stocks"
The Summary backs up it's con-
tention that currency deflation is
responsible for commodity price
declines with facts going back
over the last II years, saying:
"Tt is q rather ~pectacular
cOincidence-tO say the least
that the drop I'm ali commodity
prices las registered by the u.
s. Bureau of Labor. Ctatistics)
from 1920 to 1922 was 37.3 per
cent-and that the drop In U.
s. Bureau of Labor Statistics)
same periO'' was 1868 per cent.
ut is an equally important
coincidence that the commodity
price drop from the 1928 aver.
age to June 1880 has been Ill
per cent-and that the CORE
spending drop in U. s. Cur
rency initiation has DeeI- 12.5
.:er cent.
"StilI 4..Ore interesting-as
bearing out the close relation
ship between currency initiation
and commodity priceS-is the
record of the general period
from 1928 to 1928 inclusive. The
drop in commodity prices from
the 1923 average to the 1928
average was 2.SS per cent. In
currency initiation, the CORE
spending drop was 3.64 per cent.
Moreover, during every year of
this period the average up or
down trend of commodity prices
cOrrespOnded to an up or down
trend in the extent of curI .ncy
initiation"
The Summary defines currency
deflation" as a reduction in the
amount of all currency in ci-- j.
lation compared to the total
stocks of gold available for re-
demption purposes" and says that
compared to normal spread of
from 10 to 20 per cent between
American gold and currency, this
spread was suddenly reduced to
zero on April 3O-and the result
has been apparent in the most
ydrastic price decline in commodi.
ties since 1921" ...-
The Washington times., 1930-08-18
By ROBERT Q. THORNBURGH

BY ROBERT 3. THORNBURGH
Hand-to-mouth buying, not only
In the United States but in the
principal commercial countries
abroad, has resulted In general
decline Of inventories and the
belief on the part Of business
experts that by necessity produc-
ton soon must be resumed on q
large scale, with the effect Of
an upward turn Of prosperity.
This opinion was expressed to.
day by Commerce Department
officials on the basis Of reports
obtained from a big section Of
American industry and trade.
The continued dropping Of
prices has led buyers to hesitate
to stock up on more than iYnme-
date necessities, anticipating q
still further decline. This has
tended to deplete stocks on hand,
and eventually these inventories
will be so low as to require sub
Stantial replacement.
A. Cyril Crilley, of the CONNER.
cial intelligence division, in dis
cussing the condition abroad, de.
clared that caution continues to
rule in all foreign markets pend
ing some Improvement In bust
ness"
Crilley said:
New commitments are meager
and it is reported that orders
consist chiefly Of necessities
for supplying Of current de-
mandS.
Production has declined
more quickly than consumption
The Washington times., 1930-08-18
Here and There

More mystery was injected into
the vanadium situation by the
report that the old group who
had made a killing in the stock
this spring and last month was
laying off.
Weakness in Columbia GRAPHIC
phone was accompanied by the
report that current earnings are
way down. The stock made a
new low Friday. Merger posi-
bilities seem remote at best. Radio
would like to get Columbia's for
eign business but isn't likely to
take any action until the Govern
ment antitrust suit is settled.
The Grand Silver pool is talking
of more activity this week if the
market is right. ,. .-.
Weakness in Shell Union re-
fleets both lower earnings and
the aggressive action taken by
the domestic oil companies to
strengthen themselves against for
eign competition.
Reynolds Tobacco and Liggett
& Myers haven't been acting
well market-wise. Reynolds earn
ings last year were only 1922 a
share against a So dividend, not
a comfortable clearance. So far
this year American Tobacco Com
pany has been the only one to
report real sales gains over a
year ago.
The Washington times., 1930-08-18
Railroad Shares
ReDOrtS Net Gain

Railroad Shares Corporation re-
ports for the period from July
3, 1929, to August 8. 1880, net
gain from interest, dividends and
realized profits amounting to
S43o,031 after deduction for Fed
eral taxes and expenses.
After payment of June is, 1880,
dividend of $106,261, total sur
plus and reserves as of August
9, 1890, amounted to $214,020. 4
quarterly dividend of 1914 cents
per share payable September Is
to shareholders of record August
Is was declared on Tuesday,
August IL, 1880.
The Washington times., 1930-08-18
N. Y. Stock Sales Up
1.64M in Week

The market value of so repre-
sentative stocks on the New York
Stock Exchange at the close Of
the week ended Saturday, August
16, 1880, was $23, $40, los, ,754, an
increase Of $685., ,O07, 1850, or ap-
proximately 1.64%, over the
value of $23, ,287, ,095, 1896, at the
close Of the preceding week. &C
cording to @ compilation by Nc.
Clure, Jones & Co., members of
the exchange.
This compares with $45,021, ,50S,-
24S, the value of the shares at
the cl@e Of the corresponding
day in xD29.
The Washington times., 1930-08-18
Inventory Decline
To Start Production
On Large Scale Soon

In most countries, especially
Europe, with the result that
inOrdinate stocks exist In very
few places" .-
Crilley had this suggestion to
exporters:
Particular attention should
be paid, at this time to orders
and accompanying instructions
received from Australian buy
ers 10 the trade situation In
that country Is not always
cOmprelended % clearly 90 1t
deserves. Shipping instructions
should be followed to the letter,
% failure to do 50 may cause
the importer to refuse accep-
tance, regardless Of the date
Of maturity"
Reports from most foreign
countries during the last week
h ave not been encouraging
French commercial and industrial
activity during Jplu experienced
q recession from the previous
month and a more than seasonal
decline. From the commercial
standpoint France probably il
situated as well or better than
any country In the world. Con
tinued bad weather has made the
agricultural situation unfavorable
while production in several i'm
portant industries was lower.
Conditions in Germany and
the United Kingdom were little
changed from previous months.
The Washington times., 1930-08-18
Chevrolet Truck
OUtDuIt Increased

NEW YORK, Aug. 18.-Chevro'
let Motor Company produced 27,-
236 light delivery trucks during
the first half of 1880, as against
22,613 in the first half of 1929.
or an increase of 20 per cent.
The company first began build
ing commercial cars in 1916 and
since that date 100000 units
had been built up to June 80,
last, a ratio Of better than one
commercial car TO each six pas
Senger cars.
The Washington times., 1930-08-18
The Amusements

The motion picture stocks ought
to do better from now. The
Warner Brothers situation has
been eliminated as a depressing
factor. In addition, the summer
Is on the wane and their best
season is ahead.
I believe Warner will be Stabil-
ized around current levels for q
while but ! can't see any play in 1t
for some time. It seems fairly
priced for a long pull. Paramount
seems cheap. It is a stable, we'll
rounded company, and earnings
for the half were ahead of last
year. I understand the company
instituted several economies re-
Gently, at the same time stepping
up production. also like Fox,
Loew's General TheaterS and
Radio Keith and they should do
better.
There Ought to be a play in the
merchandising stocks before long.
The Washington times., 1930-08-18
BIG OPERATORS SEEN READY
To PROTECT VALUES
Definite Upswing Before End of Year Caus.
ing Clashes of Opinions; Spring Change
Likely, Expert Says
Rv THE sPECTATOR

The market enters week with much better feeling
its future financial circles 1t passed through pretty
rough The bears strting all over the
things their for several days Then they
points above the lows Of the June break
and started running.
They discovered big the financial world were
standing ready the market from collapse There
buying Wednesday when stocks their worst
buying Of the type not since the June and November breaks
This consider the most encouraging development market
long It that the best stocks were
dered cheap that the powrshab ready to pour
their cash take all the stock of that grade offered at
the low levels.
Business may or not have real recovery before the
new year No two persons have the same opinions
However becoming much water over the dam Eyes
We should have real upturn
then The market should begin discountng this bit before
long.
However it likely that stocks won't do much for
week or so yet still best to watch and wait. You will
probably get the good stocks bit lower.
The Washington times., 1930-08-18
setter Tone to Be Seen This Week Spectator
Wall Street
Hears:

That shorts have had to pay
q premium on borrowed South
ern Railway (SZ) shares, but
that the short interest iS not
as large as it appears.
That there has been some
switching from American Car
g. Foundry (AF).
That diversification has
helped u. 9. Steel (X) to make
q fairly good earnings showing
In period Of business depres-
sion.
That outlook for American
Machine g. Foundry (AFX)
continues bright with Increased
output ON cigarettes. Company
has . practical monopoly on
machines for manufacture Of
cigars and cigarettes.
That Republic Steel (RBC)
will pay preferred dividends,
but pass the regular common
to conserve strong cash posi-.
ton,
The Washington times., 1930-08-18
BUILDING FIRM
OPTIMISTIC

NEW YORK, Aug. ia bright
spot in the building and rental
situation is reported by the Star
rett Corporation in connection
with the new 46-story Carew
Tower, of Cincinnati, largest busi-
ness structure In the Ohio Valley,
and now being erected by the
corporations Chicago subsidiary,
Starrett Brothers of Illinois. Al
though the new $50, 900, 900 multi
purpose building will not be COM
pletely finished before the first OF
the year, and rental schedules are
the highest in Cincinnati, 1t is al
ready about so per cent rented,
exclusive Of the hotel section, and
this latter space is being actively
negotiated for by several large
hotel interests.
The Carew building will be
unique among business structures,
in that it will house under one
roof an office building, two large
department stores, a parking
garage, a 732-room hotel, and q
dozen or more speciality shops.
In it's basement viii be located .
large substation Of the Union Gas
and Electric Company, which will
service the Carew Building, as
well as other structures in the
neighborhood.
In the erection of the new
tower. the world records for quick
building construction, set by the
Starretts early this year in the
erection of the 7O-story Bank Of
Manhattan Building, Of New York,
are being duplicated.
Miles of pleasant lOw-cOst travel can
he had through the purchase Of enc Of
the raconditioned cars adverti8ed for
The Washington times., 1930-08-18

Earnings statement by Best &
Co. indicates that the leading
stores are making money and in
creasing their sales. inventories
have also been worked down to a
comfortable level. My choices in
this group are Best, Macy, and
Associated Dry Goods on reac'
tions.
The Washington times., 1930-08-18
Rubber Restriction
Favored by GrOlUers

COLOMBO, Ceylon, Aug. 18
U.P)-Local rubber interests are
willing to adopt a scheme Of rub.
Der restriction in cooperation with
other producing countries, O depu-
tation from the rubber growers
told the government yesterday, II
a suitable scheme can be pre-
pared,
The Washington times., 1930-08-18
Columbia Gas

I set a price of about SIS on
Columbia Gas recently. The stock
went there in the break, and re-
covered a few points. I now con-
slider SIS much too high on the
basis of the companys current in
come. Columbia Gas only earned
38 cents a share in the June
quarter, or at the rate of about
$1.60 a year. It will do better If
business picks up against 78 cents
a share in the previous quarter.
Net income for the year ended
June 80 was $29. 68,6O4 or $2I06
on its new capital. against $780,
131,379 the year before. Any rate
cut would undoubtedly add to this
decline.
Almost 80 times earnings is
much too high. in my opinion, for
any utility stock under current
conditions. even making some al
lowance for Columbia's merger
possibilities. Other utilities are in
a similar situation. I again repeat
that I believe the utilities are too
high and that they are in for an
other pruning. Short covering has
been almost entirely responsible
for their strength the last few
days.
Interests close to United Light
and Power are wondering if the
rate-cutting agitation is going to
spread. United, like most other
utilities, has a top heavy capital
structure, and any decline in in
come is going to cut sharply into
net on the common. The stock
had a sharp run-up this spring
but has been comparatively quiet
of late. Earnings last year were
$2.29 per share.
The Washington times., 1930-08-18

New model Used Cars" offering sat-
tsfactOry transportation, can be pro-
cured at a very reasonable cost from
the used-car merchants advertising In
tOday's Classified Ads.
The Washington times., 1930-08-18
Radios Report

Radios belated report for the
first half showed earnings some
what less than forecast. The COM
pany came out in the black a lit
tie over half million. It will have
to do some scratching the rest OF
the year to cover preferred divi-
dends alone. This shouldn't be SO
hard with the best part OF the
year ahead, but profits for the
common aren't likely to be much.
The Street will be very much sur
prised If Radio earns 81 on the
common for the year. Outlook
for next year is a bit obscure, but
the company should do fairly well
If business gets anywhere near
normal.
All in all, the stock at present
is little more than a sheer specu-
lation, and there are the disturb
ing factors Of the Governments
antitrust suit and other litigation
over patents. However, Radio
has been acting well market-wiSe,
absorbing selling in good shape.
It moves quickly, too, and quite
a few people are bullish on the
stock. It looks like a good play
about 81 for those who want a
thrill for their money.
There is a feeling that Pullman
is about done for sometime.
There has been some talk about
q Federal investigation of the sur
charge in Pullman fares paid by
railroad passengers, and something
may be done eventually if agita-
tion grows. This is an adverse
factor, At that, the company's
earnings are higher this year de-
spite the depression. 4
The Washington times., 1930-08-18
LOCAL STOCKS

(Furnished by w. 3. Hibbs q Coz
BEFORE CALL
Washington Railway and Elec.
trio Is. $1,00O@S9B.
Capital Traction Co., 1006lH,
2061, 10000, 10000, 10000, 100
so, 10000, 10000.
Potomac Electric 512 pfd., 1l0
Union Trust Co., 170255.
1Os34.
FederalAmepican Co. COM, TO
Mergenthaler,r 2O@ssh. 100
961a.
National Federal Gas pfd.. 90
05.
AFTER CALL
Washington Railway and Elec-
trio pfd., 1009S1a, 409SA, 1899,
100 90. 20099.
Potomac Electric 51a pfd.. $50
1Os34.
The Carpet Corp. 5o023.
Pablic Utility Bonds ! bid Ask
Amer Tel Z Telga 4hs 's3I1oa .....
amer lei O t1@I 412B S5s .lI03
Am Tel&Tel NC'tl Tr 5s. .I10S 80.
Anacostia & Pot r S.. s2hI.....
Ana & Pot guar 5s........I 92hl...
C & p Tel of Va 5R...... I102 I....
Cap Traction r r ss...... 90 81
City & Suburban 5s........I so SO
Georgetown Gas 1st 5s.... .I102H l....
Potomac Elec Cons Ss..... .I1021a l104h
Potomac Elec IS SO. lies ....
Wash Alex & Mt v eff. 4 6 ...
Wash BALTIC & An 5s......l so so
Washington Gas 5s........ E1O3h f....
Wash Gas SIS series A...... 1924 l103&
Wash Gas SIS series B.. .I105h t107h
Wash Ry G. Elec 4s......, SSSst 90A
Miscellaneous Bonds
Barber & Ross Inc shs.... SO 80
Chevy Chase Club 5hs.... so rs
w. NJ. Cold Storage 5s.... rs ....
Wash Cons Title 6s........ 40 100
Public Utility Stocks
Amer Tel & Tel. 1905 y .....
Capitol Traction Co........ 80 60A
Wash Gas Light Co........l1 l121 1881
N w Steamboat. l24O 1855
&Pot Elec Pow SIS. pfd ...... 110 lila
%Pot Elec Pwr SIS pfd. :. 1908 l10S
"Wash Ry & El com. .....l450 I.....
The Washington times., 1930-08-18

Miles of pleasant lOw-cOst travel can
he had through the purchase Of enc of
the FecOnditiOned cars advertised for
sale In fOday's Classified Ads.
New Britain herald., 1930-02-04
WILL PLEAD LEO
 LANDRY IS INSANE
Escaped COnViCtS Go On Trial in
 Jacksonville March 3

Jacksonville, Fla. Feb. 4-AIarrI, . has been set as the date on which Watson Moulthropc Roland Lalone and Leo Landry, escaped Wethcrs- field convicts, will go on trial in cir. cut court here on charges Of first degree murder,
 The date was definitely fixed ,os- terdaN by Judge George Coupor Gibbs following a conference with Charles M. Durrancc, states attor- hey, who will prosecute the three mon charged with the fatal shootin. Of w. D. Smith. local city detcctilr on January r..
 In the meantime defense counsel began preparations for defcndin, their clients. William J. l7mdIev. aD- pointed by the state to defend Lam. dry, said he was considering de- fense based on Landrys mental in- competence. Landry's prison record. he believed, was evidence enough to show that he was mentally unsounJ.
 lon l.. FarrisS. who volunteered his service 10 defend Moulthrope and i'alone, was preparing to go 10 the hospital for a slight operation prior
New Britain herald., 1930-02-04

can outpoint the hard hitting Bat. talino.
 There are few buster boxers in any class Graham last week beat Freddy Miller out west, breaking Miller's long winning streak and next week he fights Eddie Shea, one of the best boys the middle west has cyel produced
 l;ackoW. Graham's opponent in the bout at Hartford Thursday night. is an aggressive, hard-hitting fighter: hc has not had the experience Of Graham nor has he met the headlin- CTS whose names decorate Graham's record, but he gave Graham d real battle d year ago and is meeting him now with more than q year of ad = ditional experience.
 There is an attractive under card. In the scni-tinal, Ali Schell of Ger many meets Johnny Walker of Bos- ton. These boys fought a slashing battle at the Nelodromc on the Rou- tis-Battalno card. It was by far the best bout Of the night.
 Eddie Reed Of Hartford meets Jimmy quinn of New York in a spc- cial six roundcr and there are two tour-round bouts opening the show.
New Britain herald., 1930-02-04
Chicago Citizens Committee Balks
 At Aiding City In Finances Until
 Officials Cease *'Playing Politics ''
35,OOO GARMENT
 WORKERS STRIKE
DresSmakerS Walk Out for
 Higher Wages Today

New York, Feb. 4 UP) -- The strike of New Yorll's 5000 dress makers for higher wages and better working conditions, including anni- nilation of the sweat shop" sys- tenn, began today.
 The Walkout order was issued bv the International Ladies Garment Workers union at q time when heavy spring orders must be filled by manufacturers.
 All dressmakers reported for work as usual at a. m. Two hours later. shop chairmcn distributed copies of the strike manifesto and workers put down needles and thread, scissors and apron and paraded 10 assigned meeting places for registration.
 We do not expect a long strike and we anticipate no violence on either side said Bcnajmin Schlcs- inGer, international union president.
New Britain herald., 1930-02-04
RECKLESS DRIVER
 PAYS FINE 0F Sl5
Fast M0tOriSt Eludes Policeman
 But Is Later Identified

Ericst Nygrcn. -". of 7lS Stanley street was found guilty Of reckless driving and fined S25 and costs. SlO Of which was reIni;ted, by Judge stanley J. Traccski in police court court today after officer Anthony Pcchout and Dr. John Mcintosh Of los Franklin Square described q near accident al the intersection Of East and Kelsey streets at e:%g o'clock last Saturday night
 The officer was al the corner when N'grcn drove at the approximate rate of 2j or ao miles an hour in a westerly direction on Kelsey street. and Dr. Mcintosh wishing 10 make left turn 10 go cast on Kelsey street after having come south on East street, was forced 10 go into the gutter 10 avoid bring struck. The of iiccr chased NyGreu's car but could not ovortake if, although he said. someone in it looked back when he sounded his police whistle before
New Britain herald., 1930-02-04
FIFTEEN REMAIN
 IN SINGLES PLAY
Fireworks Expected Today in
 National Tennis Tourney

New York, Feb. 4.-tPI-With the singles field narrowed from 70 to I5 surVlNOrs and with 26 teams starting play for doubles honors, the na- tlonal indoor tennis championships promised plenty Of fireworks today.
 Frank Hunter heavily favored to win the singles crown he held in 1922; expected another easy match against Frank Bonncau, New York, but other seeded players saw dan ger signs ahead.
 Harris Cosseshall of Dcs Moincs, Iowa. for example, faced Sidney Seligson of New York university. Julius Soligson. Sidney's more fa- nous old brother, met Kenneth Appel Of South Orange, x. l.. for mer Princeton doubles partner Of Johnny Van Eyn..
 Perrine Rockafellow. one O. the seeded number, anticipated a hard match with Bob Consdne of Wash ington, public parks star.
 Gilbert Hall of South Grange, Hunters principal rival, drew Ed Burns of New York as a third round opponent and forcsaw little trouble.
 One player was proof against third round upsets. Eugene Me Cauliff of Fordham, having advanc- ed 10 the quartcr-finals yesterday ahead of the field.
 Dick Murphy of Utica. \. Y, al though eliminated yesterday in the second round Of singles by Herbert Bowman, New York veteran, will try again in the doubles in which he is entered with Coggeshall. Both are students at Harvard.
 This pair is seeded fourth with Hunter and Harold Throckmorton, New York, first, Hall and Appel, second. and Eockafellow and Mcr- ritt Cutler third.
 Hunter and his friend and com radc, Bill Tildcn, now in France, won the doubles title last year.