davidaulloa/AmericanStories huggingface dataset:
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-28
rHERN cLEAR CHANNEL srATIoNs

to the comedy OF the film as the
all-in-one official OF The little vii
lage.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-28
SUNDAY MORNING

SUNDAY MORNING
III :O0-i2 :00-Church services from the
First Methodist Church.
- .0o-l2 :30-Studio classical program.
MONDAY MORNING
10 .00-io .30--Organ recital by remote
control from the Capitol
theater. Paul Kennard at
the Kilgen organ
10 .50-li .00-Studio program scmi-classi-
cal selections.
II :0o-il :0l-The Kalo Co, announce
ment.
III DILL .l5-Popular selections.
lI.i5-il :l6-Ideal Beauty Shop In San
Benito.
II .i6-li .30-Popular selections.
IL .30-il :f5-HerTiott Radio Corp pre-
sents Gus. the world
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-28

Ear new i
5:oo-Dr. Cadman - Also KOA WOW
WKY WOAI wSAl WAX VHAS
WJDx KVOO KPPC WEBC WDAF
WwJ KHQ woo KGO KOMO KGW
VINO KTHS WBAP WSB WSMB
500 - Variety Music Hour Also
WTAM kSD WSAl WENR woo WOW
500 - Catholic Hour - Also WWJ
WEBc WHO'D WKY WJDX KGO
KSTP kHQ WSMB KOMO kSD kGW
kECA KTAR woo WDAF WAX
VINO wBAP KPRc wOAI KOA
KVOO WSAl WSM WHO
6:Oo-Bip Brothsr-Also wwJ WSAl
WIS KSD woo WOW WEBC WTMJ
6:3o-Theatre Family - Also WSMB
KSTP WDAF WHO'D WSB VINO
WJDX WKY WGY WwJ WSAI kSD
wHAS WOW WEBC VOC WTAM
7:3o-Choral Orch. - Also WGY WV
wSAI KSD WOW WHO'D WHO kSTP
woo WHAS wERC VINO WSB
WSMB WKY KTHS KPRC WOAl
WTMJ WTAM WJDX WDAF KvOC
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-28
1860
KHocycles
TOday's Radio Features

worst pianist"
II :5s-Studio program.
ii:55-ii :5e-wsather and river fore
cast.
IL .5e-l1 :00-Time service by the AID
ridge-Kimmell co.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-28

$500
s:0c-Our Government - Also WEBC
WGY WHAS kSD WKY WSAl WSB
VINO WOW WOAI WSMB WJDN
WHO'D voc WV KVOO
S:f5-ClassicaI Concert - Also W6Y
WTAM WV WSAI KSD WOW WISH
KOA XII KGw KONO KPO KHo
KPRC WHY WSMB WHAS WGN
WSB Voc WHO VINO WDAF WFAA
KSL WAPI WOAl KSTP
e:f5-champions Orchestra-Also WGi
NTAM WV WGN WTMJ KOA
WEBC KGO KGW WOW kOMO XII
KHQ WDAF KSTP
e:z5-Seth Parker Also WGY WOW
WDkF WTMJ RSTP wTAM WNI
KYW woo wEBC WAX WHO'D
WHAS WSM WJDX KPRC WRY kOA
KGO RGW WSB KTAR KFSD
fo:f5-Sam Herman, <yIophonist-Aiso
WGY WWJ WOW KOA woo WSB
fo~:3o-Russian Cathedral Choir-Also
WWJ KOA WOW WGY WTAM kSTP
WEBC WHO'D woo
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-28

s:o0-Rev. Donald 6arnhouse-Also
WADE WRRC WxYZ WOWO WMAQ
KOHL KRLD
a:3o-The French Trio-Only wADc
wkRC wXYZ WSPD WOOD WBRc
WOWO WFBM WBBM KScJ WHIT
KMBC KLRA WDAY KOHL WIBW
KFJF KRLD KLZ XVI KFPY kFRC
5:oo-Fur Trapper orch.-Also Wink
f3gm.l
e:o0-shrIne OF the Little FIower-Also
WXYZ WIAQ WHIT KNOX
7:0o-Talk on Worldis Business-Also
WOOD WISH WOMO wFBM WMAQ
KSCJ WHIT KNOX KMEc KLRA
WDAY WNAX KOHL WIBW kRLD
KLZ KOL KFPY XIII KFRC
7~:f5-Schooi CT Music-Also WADC
Wink WKRC WXYH WOWO WMAQ
tMOX KMBC kohl
7:5o-H. ". k~altenborn, News-Also
WADE WIKI WKRC WXYZ WSPD
VOWO WFBM WCCO KNOX KMBC
7:i5-The Gauehos Also WADC
gVRRC WKBN WXYZ WBCM WSPn
WOOD wBRC WISH wOwo wCCO
WHIT KMOX KMBC KLRA WNAN
394.5-WJZ New Yc
5oo-Marearet Olsen. sop-ano - Only
WREN KFAB
s:i5-musieaI momsr. = Also WREN
500 - Harbor Lights - Also WREN
WcKY WJLX KOl VINO
6.30-k oestner's orch. 49, Ai-o KWE
WLW WREN KDKA NGN NJR
7:co-Mme. Schun ina-Heink - Also
kYW EWK VIZ WJR WRE\
WFAA KPRc WOAT WHaS VSAI
WTMI KSTr KDFA VINO KOA
WEBB WHO'D hTHc WSMB EOMO
XII KEW NSL WI.W WCkY WISE
KFAR KFSD ETAI. WJDX KNOO
KPO kEQ
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-28

SUNDAY, DECEMBER Is
IBy Tie Associated PressJ
Programs In Eastern Standard time. 2 n. unless otherwise indicated
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-12-28
34e.6-WABC New York-s6o (CBS Chain)

KOHL wIEW XIII KFJF KTSA XII
kOL kFPY
s:oo-curiosrty shop = Also WADC
WIKI wKRc WGST WXYZ WSPD
wREc wLAC wBRc WDSU WISH
WOWO wFBM WBBM wCCO KMON
KMBC KT.RA KOHL kFH KFJF
KgLD KTSA KLZ KpYL XVI kOL
KFPY KOIN XIII KFRC
s~:30-Savino Tone Pictures = Also
WADC WKRC VIXEN MBCM WSPD
WOOD WLAC WBRC WISH WCCO
! KSCJ WHIT KMBC KLRA WDAY
WNAX KOHL WIBW KFJF KRLD
KTSA KLZ kOL KFPY
9:O0-Jesse Crawford - Also WADC
! Wink WKRC WGSr WXYZ MSPD
WLAC WOWO WBBM KNOX KMBC
KOHL KI.Z kDYL kOL kFPf hOIN
XIII kFRC
9:5c-Hotor ciub-Oniy WXYZ WSPn
WISH wOwO WRBM WCCO ksCl
WHIT KMDN KMBC kLRA WDAN
KOHL WIBW KRLD
io:co-eaok Home Hour-Also WY
WSPD WHO'D WISH WFBM VICE
| KSCJ WHIT KLEA WpAY WNAA
] KFH KFJP KELD KFPY
-k-76o CNBc Chain)
Ur-ls Henry = Editor - Also
NJR WV kYW kNh WREN KDA
-SL KTS KCMO kFi RGN K9C
Observation-Disclosures r
| e.3o-Fioyd Gibl5Ha, Talk-AlEo kDkA
WJP RWh NEEn. WLW KYW
ELECTROMAGNETIC WREN ENK
e:fs-NoveIty orchestrs-Also KDKA
wJR NLw KwK vREN WAN
! WHO'D WAPI WSB WNI WHAs
\ wSMB VJDX WnAI WKY VICAR
$50 49, SIumber Husic 49, Also kDkA
WIR wLW WENR XIV WREN
fo:oo-Radio Iuminaries-WyZ chain
| 1890 - "Reminiscences (30m.) - AlsC
WREN kWK KDkA KFAB
Seward daily gateway., 1930-07-29
THOUSANDS OF CRAFT ENCAGEO IN ALASKA
 FISHING INDUSTRY

The magnitude of the Alaska fishing industry may be guaged by number of indices, among the most easily visualized of which is the fleet of vessels and boats en- gagged in fishing and fish trans portation in the territory Survey of this fleet likewise reveals an inn mense market for boats, engines, marine equipment, fishing gear and supplies existing in this one division Of a vast field.
 The Alaska fishing fleet alone in 1929 included g steam vessels with a tonnage of GIT tons; 726 motor vessels aoQrooatino 1t992 tons. 1861 motor boats; and 3559 boats propelled by sails or oars.
 The fleet engaged exclusively in transporting fish i1 Alaska is not able. In 1929 it included A steam vessels with a tonnage of 32,415 tons, 390 motor vessels of 14261 tons: two sailing vessels of 3,555 tors. Tn addition to these vessels, eo9 scoWs, barges, pile drivers and other unpowered craft were em- ployed
 These statistics are taken from official reports of the U. S Bureau of Fisheres. They do not take into account g vessels owned or charted by the Bureau of Fisheries and employed in law enforcement work, nor 5 boats employed in this act ivity.
 Men employed on fishing vessels in Alaska numbered 10,921 last year with 1.716 men on transporting vessels.
 Gear operated included TIA fish traps, 703 purse seines. 176 haul seines, 4,225 gilnets, 9 beam travis. 246 fish wheels, 91 hand lines, and 44 trawl lines for cod fishing, 3,- oo0 troll lines for salmon fishing, 7150 skates of halibut gear, TAO crab pots and 20 herring pounds
Seward daily gateway., 1930-07-29
THIS DAY IN HISTORY

1Ss9-Chippewa Indians con- sented to opening of the White Earth reservation.
 1873-Convention held at Jack son, Tenn, to inaugurate "a move ment for a new state.
 Charleston. s. C.. mob, forced postoffice and destroyed anti-slavery publication
 1729-Carolina became a royal province, the king having bought seventh -eigths.
Seward daily gateway., 1930-07-29
PORT OF MISSING MEN :,

Anyone having information re- garding one Lawrence Oaks, a barber by trade, who lived in Alaska for a number of years and who left in 1927 or 1928 for Seattle and San Francisco, or any information about his relatives, please communicate with the Gov ernOr's office at Juneau.
Seward daily gateway., 1930-07-29
THE STORE WITH Tr}E GOODS"

General Merchandise, Dry goods, Notions, Black Bear Clothing, sbip Chandlery, Rope, Hardware, Fishermen's Supplies, Lumber and Build ing Material, Faint, Gaso- line, Kerosene, Diesel and Lubricating OI, Coal and Salt; All sold at lowest possi- bIe prices. Mail orders given prompt ard careful atten- ton. Post office, domestic and international money order office, notary public
 and marine insurance.
 Arthur H. Mellick
 SAND POINT, ALASKA
Seward daily gateway., 1930-07-29
FED. EMPLOYEES TO MEET

A meeting of Federal Employees will take place this evening at g o'clock in Odd Fellows hall. Pres ident Ralph Priddy will address the members.
 signed-R. r. Sullivan, Vice President.
Seward daily gateway., 1930-07-29
nEBRrL DUE HERE

Superintendent of Light houses in Alaska. Mr. Debril, is due to ar- rive in Seward from his Ketchi- kan headquarters enroute Vest ward on an inspection trip. It is said that Superintendent Debril will make two Westward trips this season instead Of his usual one, owing to installation of a radio beacon at Scotch Cap.
Seward daily gateway., 1930-07-29

HAVE YOu HEA.o THE NEW THEY ARE WONDERFUL. sOKEH" RECORDS at SYLvIA'So
Seward daily gateway., 1930-07-29

For Prescriptions Physicians pre- scribe and Druggists dispense the pure products of Merck's laboratories.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
STOCKS TURN WEAK /
ON HEAVY SELLING.
Falling Commodity Prices
and Uncertainty Over
Tariff Affect Market.
BY STANLEY w. PRENOSIL,
Associated Press Financial Editor.


NEW YORK, February ,24.-The
stock market turned weak today after
an early period of irregularity. Liquida-
ton Of stocks was generally attributed
to the renewed weakness of wheat and
cotton futures, which sank to new low
levels Tor the season, although tndica-
tons OF f1rming money rates, uncer-
taintieS over tariff legislation and lack
OF an investment demand were also
stressed as contributing factors.
Early declines ranged from / to 10
points, with rather feeble recoveries
later. Trading was largely professional
in character, with much of the liquida-
ton traced to houses with Florida con-
nections. A powerful group of bear"
traders has been operating from South
ern resorts for the past few weeks.
There were several favorable develop
mentS in the days news. The annual
dividend on Coca Cola was increased
from 81 to So, and an extra payment
of 1917 cents a share was authorized
on South Penn Oil. The Consolidated
Gas Co. of New York, the Pierce Arrow
Automobile Co., the Midland Steel
Products Co., and the Chesapeake Cor
poration all reported 1929 earnings in
excess of the year before, while Beech
nut Packing and Timken Detroit made
unfavorable showings.
High-priced industrials and special
ties were again the hardest hit I'm the
selling movement. j. I. Case broke
10 points, but quickly recovered points
of its loss. Auburn Auto sold down
S34. Gulf States Steel, z; Safeway
Stores, 45s, and Atchison New York g.
Harlem, National Lead, American Can,
Westinghouse Electric common and
first preferred, American Telephone
and General Theaters Equipment sold
down to points. United States Steel
common was hammered down 35
points to 1872, or 10 points below last
weeks high.
Woolworth and United Fruit each
dropped more than points to new
low levels for the season. Many other
representative issues sold 2 or more
points below last weeks closing figures.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
EARNINGS REPORTED.

NEW YORK, February "a (R).-The
chesapeake Corporation, holding COM
pany for several railroads controlled by
the Van Sweringen interests of Cleve-
land, reports net profits for 1929 of S4.-
700,o60, equal to $2.61 a share on / 1893. :
745 shares, compared with $3,755, ISL, or
SALT share on 100000 shares out
standing at the end of 1928.
Net profits of the Beechnut Packing
Co. for 1929 amounted to S2,702, 1853,
equal TO $500 a share on 446,250 COM
mon shares, as against So. 1853. 1853. or
S6.51 share on 425, 900 shares in the
preceding year.
The 1929 earnings of the Timken
Detroit Axle Co. totaled $1,5l3,029,
equal to $l.28 a share on 92,096 COM
mon shares. as contrasted with 81 1884,
337: or S1.77 a share on a34.596 shares
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
Sales Management Centralized.

NEW YORK, February "a (R).-Gen-
eral Foods, Ltd, Canadian sales sub
sidiary of the General Foods Corpora
ton, has taken over the sales activities
and distribution Of the products of five
of the Canadian constituent companies.
These companies are the Canadian Pos
tum Co., Jell-o Co. of Canada, Walter
Baker & Co. of Canada and Franklin
Baker, Ltd, and Douglas-Pectin, Ltd.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24

Continued on Page 1Al.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
PARIS BOURSE PRICES.

PARIS, February "a (P). - Prices
moved irregularly on the Bourse today.
Three per cent rentes, 86 francs 40 CEN
times. Five per cent loan, 101 francs
IS centimeS. Exchange on London, "a
francs "a confines The dollar was
quoted at IS francs 551a centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24
NEW YORK STOCK EXCHANGE
Received Phvuew WIRE TO sar
stock and
Nt-sA..A@ NJ.


wire Direct to The star Oaac&
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-24

Notice-An stocks sold In one hundred share lots
excepting those designated by the letter (65sI 2S3s
which shows those stocks to be in odd lots only
Sales Of Each Stock Compiled to 1850 Pm.
The Washington times., 1930-09-29
SEE REVIVAL Of
BUSINESS

The opinion of leading bankers
and corporation executives in the
majority of 56 leading cities Of
the country concurs fairly def
nitely in the view that the worst
of the business storm is over, ac-
cording to survey recently COM
pleted by Tokey & Kirk, mem
bers Of the New York Stock Ex-
change. This firm received this
information in response to direct
communications to industrial
leaders and bankers throughout
the country.
The consensus of opinion which
is summarized by the brokerage
firm, is that the predicted i'm
provement in fail business has
not fully materialized, but the
business situation is on the mend.
Inventories in the hands Of manu-
facturers, jobberS and retailers
are reported very low. In many
sections there is evidence of i'm
provement in business and buy.
ing. Money is plentiful and seek
ing short term investment, and
credit is abundant. In som e
specialized industries plants are
running ahead of last year. Crop
reports vary from a record citrus
crop in the Southern States to
curtailment of harvestS in the
Southwest due to low prevailing
prices. Savings deposits have
been increasing since last fall.
The Washington times., 1930-09-29
GRAINS, STOCKS
UNSETTLED

NEW YORK, Sept. % u.N.sl.
Both the grain market and stock
market started the new week in
unsettled condition. First prices
for important railroad stocks
showed q loss of 2 points in the
m aximum, with fractional
changes in the lower-priced
shares. Wheat and corn slumped
off from / to az cents a bushel
at the opening as the result OF
liberal selling by commission
houses and local traders. Cali
money renewed at IL per cent
for the first time in Is years.
With the recovery of the open
ing losses by the wheat market in
a sharp rally in the second hour,
stocks also made a brave effort
to regain their lost ground. The
blue-chip induStrials were the
leaders in this move, U. S. Steel
rallying from 157Ts to above 100.
Radio up a point at 29z: General
Electric up IA at 81 and Ameri-
can Telegraph and Telephone UP
about 2 points at 207.
American Can, which started
the day at 1201s. sold 312 points
higher in the second hour. Radio
and amusement stocks also sold
higher.
The Washington times., 1930-09-29
Electric Equipment
Market Still SLOU

Demand in the market for cleo
trio equipment and apparatus
during the past seven-day period
underwent little change from the
slowneSs of recent weeks. Spot
tiness is still the predominating
characteristic of current buying
activity, although routine business
is improving somewhat, reports
Electrical World.
Several important equipment
contracts in the eastern district
have served to inspire confidence
in an otherwise liStleSS market.
Central station commitments con-
tinue to show an appreciable de-
cline as compared with o few
weeks ago, and while inquiries
tend upward. present require
mentS are restricted. Motor ac-
count is moving upward in the
industrial field and pending ousi-
ness for the next 30 to so days
shows up better than for several
weeks past.
The Washington times., 1930-09-29
Break Really Severe

Break Really Severe
The above table indicates clearly
the severity of the last two
weeks decline. But there is one
thing to remember-for every
seller there must be a buyer
There are two classes Of buyers
the professional trader covering
his earlier short sales and the
investor, or bull trader.
Much of the buying in the last
few days has been for short COW
ering. If this has accounted for
the bulk of the purchases the
markets position has been weak
ened instead of strengthened by
the decline. If the investor or
bull trader has been the big buyer
1t has been strengthened. The
latter is buying for a profit, the
former Is buying to take his
profit. The latter will not be
apt to sell until he has a profit,
while the trader on the short side
is all set to sell again if things
are propitious. :
Caution should be the hyword.
Purchases should be based on
yields and earnings. Tips don't
60 any more.
The Washington times., 1930-09-29
DIVIDEND YIELD
GUIDE FOR
BUYERS
Latest Decline Has Sobered
Wall Street Judgment of
Security Prices
BY LEWIS HANEY
Direstsr New Nsrk uHivsFslty BBFsaH sf euSl.
Ress Research and isrm@ EseHsmist
Federal Trade Cemmisslsa,

Probably this last decline In
stocks has done more to sober
Wall Street judgment Of prices
than all the preceding breaks.
find more caution and more will
ingness to listen to both sides OF
a question today than there has
been in several years.
For example, the other day a
broker asked me what stocks a
banker would have recommended
to an investor Is or 20 years ago
I said American Wool, American
Sugar, and some Of the rails. He
said:
Eyes; and st. Paul preferred
and New Haven would have
been among them."
His point was that times
change and at best there is risk
in buying stocks. These old gilt
edged" stocks have all had their
troubles since then and have lit
tie following now. At about the
same time in the past, the banker
would probably have hesitated to
recommend such stocks as Steel
and Can, for they would have
seemed too speculative.
Down to Reason Now
This is a wise thought. That
a Wall Street man and a broker
could ponder it, is a good sign,
for it means that hopefulnesS
will from now on be mixed with
reason-and memory.
Another thought that is now in
the minds of many concerns the
uncertainty of the "price-earnings
ratio" During market boomS. it
becomes the vogue to base prices
on earnings" The trend OF
earnings is upward at such times,
and it seems fair enough to take
a liberal estimate as the basis
for figuring values. Yields from
dividends may be low. but look
at the earnings. say the bulls" ="
But this basis of figuring is
always uncertain, and now it is
doubly so. What earnings shall
we consider? The earnings of
1929 now look too high. We
don't know 1880 earnings. and
if we did, are they not abnor-
mally low? Are the next three
years, going to be as good as the
years 1929?
Price Earning Ratio
So the price-earnings ratio talk
is diminishing and leaves great
uncertainty as to how to figure
values.
In my opinion. it always be-
comes true at times like this that
more attention is given to divi-
dends paid and the yield of stocks.
That is something definite. More
over, investment considerations
tend to replace speculation.
At present the big question is, is
the dividend safe? 1t is now how
many times past earnings can the
stock sell for?" but will it earn
enough to allow it to continue the
The Washington times., 1930-09-29
s A n D ASIDE,
SAY BROKERS

An attitude of watchful wait
ing was considered most advisa'
bic in brokerage circles today.
Little more than a brief technical
rally when the market becomes
thoroughly oversold could be seen.
Again one sees the futility OF
buying stocks for a rally. Usually
after three days of declining
prices, the fourth day brings a
rally. This is simply past per-
formance and does not mean a
thing as far as the present mar
ket is concerned because one can.
not go by set rules, except one:
during a downtrend do not buy
stocks on weakness; do not buy
stocks on the first rally; have
patience.-BAER, COHEN g. CO.
The averages all violated their
August lows yesterday and are not
much above the resistance levels
Of June. This combined with the
action of the tape makes 1t still
advisable to keep funds in as
liquid position as possible.-M. j.
MEEHAN g. CO.
AS long as the business out
look continues disappointing we
see little justification for making
long pull speculative commit
ments. For day-to-day trading
commitments leading active stocks
may be bought for trading turn
on further W0akness.-OTIS 81
co.
A conservative attitude should
be maintained until the list shows
clear indication of a elimination
of the persistent liquidation and
bearish pressure which have
caused the declines, although raj.
lies may occur at any time when
stocks become oversold.-TOBEY
e. KIRK.
Recommend discriminate pur-
chases Of the seasoned stocks at
concessions. for a technical rally
at least.-PASK & WALBRIDGE.
Would not attempt to trade
until conditions are more Stabil-
lied NEUTRALITY-SUSPICIOUS. &
CO.
The present situation may be
compared to the market of June
18, when trading suddenly re-
versed itself without the assist
ance of outside developments, and
stocks recovered over the next
seven hours of trading approx
mately 2012 points in the aver.
ages. Such rally, of course. oc.
ours in the midst of a selling
wave and gives almost no indica.
tion as to the extent of breadth
Of recovery. 1t should be pointed
out, however, that if a rally of
this nature does occur that such
a movement is normally short
lived. - HORNE WEIR g.
WEEKS.
There is little hope for a steady
market while commodities are
continually selling at new low
prices.-JOHN MELADY & co.
The Washington times., 1930-09-29
SLUMP ENDING
IS SEEN IN
OCTOBER J
DR.. Julius Klein, Commerce
Undersecretary, Predicts De-
preston Finish

The. current economic depreS
sion has q fairly good chance
Of being finished by the end Of
October, DR.. Julius Klein. A.
SiStant Secretary Of Commerce,
told executives and statesmen Of
the Cities Service Company at
the annual meeting of the Halt
Million Club. The Half Million
Club consists of statesmen in the
company who have sold $500, 900
worth or more OF Cities Services
securities.
DR.. Klein went on to predict
that by the end of the year
business should be improved with
prices reaching the 1929 level.
I'VE have experienced Is
crises In the past 50 years"
he said, (which have lasted an
average Of 13 months. During
these depressiOns the average
drop In price has been Is per
cent. During our recent de-
preston the price drop aver.
aged only IL per cent. In 1924
the average drop reached rs
per cent.
I'VE have come out Of other
depreseiUns and we win come
out of this one. Other depres-
sions have been decidedly
greater than our most recent
experience. We need only re-
member 1921. One big mistake
business men are making ID
when they compare present
price levels with 1929, which
was not . normal year.
what we need ts not stabili.
ZatiOn, but equalization, . more
even balance between produc-
tiOn and consumption. World
population In the past six
years has increased 10 per cent
while the production Of raw
material has increased "a per
cent. The production Of raw
material In the United States
being equal to world produc.
tiOn and standing at "A per
cent, Europe is In even .
worse condition with q 81 per
cent increase In production 0f
raw materials with nothing
like the improvement in living
standards. My advice to manu-
facturers and distributors is
watch markets"
The Washington times., 1930-09-29
Price Index Sets
NeU Lou Record

NEW YORK. Sept. % Price
index of 687 stocks listed on the
New York Stock Exchange as
compiled by Hamershlag, Borg &
Co., established a new low for the
year at $4,000 as of Saturday, Sep.
tember q, as compared with
$42.72 at the close of the pre-
vious week.
The index also shows that of
the 687 stocks compiling the In.
dex, 587 induStrialsl reached a
new low at $33.7S, So rails were
at a new low at $50 "a, both as Of
Saturday, while Al utilities held
above their years low.