davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-11-10
SELLING CLIMAX
BELIEVED NEAR

Further liquidation and lower
prices were forecast in brokerage
circles today. A sideline position
and the maintenance of as liquid
position as possible was generally
urged.
Heavy selling will carry through
today. - HORNBLOWER g.
WEEKS.
Would not buy stocks to-day
EMANUEL g. co.
Conservation is required until
the market shows less pressure. -
TOBEY & KIRK.
Market appears to be working
itself up to volume climax
BAAR, COCHIN & Co.
There does not seem to be any
reason to expect the market to
act any differently.-E. F. HUT
TON & co.
Feel justified in suggesting
commitments for a trading turn
on and further selling to-day
OTIS & CO.
Not yet ready to counsel pur-
chaSeS.-CUSTCK, KENT & CO.
Saturdays break may mark a
turning point.-H. HENTZ & Co.
Maintain as liquid a position
as possible. JOHN MUIR E CO.
The Washington times., 1930-11-10
'F|LENE URGES1
| MODEL STOCK /
PLAN
Boston Department Store
Head Urges That Stores
Adopt Plan As Trade Aid

CLEVELAND, Nov. 10.-As a
means Of preventing economic de-
pressions, Edward A. Filene, dos
ton department store owner, last
night proposed a model stock
plan for stores.
His plan is for stores to carry
three full lines of merchandise
at three definite prices for each
class Of goods, with absolutely
no prices in between the full
lines prices. The merchant, he
said, will find he Is able to
carry q full assortment in sizes,
colors, materials and SO on at an
investment in inventory smaller
than he now carries.
"In each class Of goods" he
pointed out, at offers q COM
plete' stock at three standard
ized prices. This stock sells
more goods m mOre prOfitably
than any incomplete, less care
fully selected stock even twice
or three times as large.
Clear Shelves Quickly
Zone Of the advantages that
makes the model stock depres-
siOn.prOOf," said Mr.. Eilene, "is
that merchandise can be kept
strictly within definite price
lines. making 1t possible to de-
termine where danger threat
ems and to clear it up.
"But the biggest advantage
is this: When depression comes,
or threatens, the model stock
store clears its shelves in Just
this fashion. Then IL finds IT.
self, as the depression arrives,
with the need for goods at the
time when producers are in dis
tress and are eager to sell at q,
reduction. Under these cirCum-
stances your, store, with ample
money from selling out the
bulk Of your high-priced stock
before conditions become seri-
Gus, is able to 60 into the mar
ket and buy for cash at very
low prices the goods which
manufacturers have to dispose
of at distress prices. And yOu
find your store then stocked
with new goods at prices far
better than those available to
your competitors Of shorter
vision" Mr.. Filene told his
hearers.
Scores Selling Methods
"NO little share of the blame
for the present depression may
be laid at the door Of the weak,
faulty, traditional methods Of
merchandising that prevail in
most retail businesses Of our
country today" Mr.. FiIene con-
tinued.
Leaders Of production are
generally awake and act upon
scientific principles. while the
distributors are still very much
asleep and do not realize that
we are living in an age Of sci
ence, in which scientific, fact
finding principles must be ap-
piled"
The Washington times., 1930-11-10
The Election


Outside Of the public utilities.
the election results have had lit
tie effect on Wall Street senti-
ment. In fact, many in the
Street, as well as business execu-
tives, welcome q deadlocked Con-
gress and see less danger Of In
reference from Washington. They
point out that in times like these
it is better to let well enough
alone-the less changes made In
existing business laws the better.
AS for prohibition, the Street Is
convinced It's days are numbered.
II matters are allowed to take
their own course, everything viii
work out all right in the end.
just as they always have in the
past.
The Washington times., 1930-11-10

HEATING-Free one tom Of coal
with each plant installed this
month. Take advantage Of this
offer and give us . call.
SHADES - window Shades; all
grades, SSc up; installed. Awnings
repaired and stored.
AUTO TOPS-WOOdwOrk, uphOlster-
ing and seat covers; motor, body
and fender work: estimates given.
Let MS help you when the need for
automobile parts arises.
PAINTING. paperhanging; special
low rates. Give Us q trial.
FURNITURE repaired at your
home; expert work, guaranteed. rea"
sOnable rates.
CARPENTRY, repairing, remodel
ing; estimates given.
These are "sideliOhts'' on some Of ggaRs
nterestin0 adj dCertiseWen ents HoH sDtH ttR9 q
rke Business Serrice Directory Of tod9V'I
7eEGtd Classified Ads.
The Washington times., 1930-11-10
WORLD AIR WAR
SEEN NEAR

The action of the Export Pc
troleum Association, Inc, in can
ceiling it's entire export price
schedule is thought to be the
forcrunner of another interna
tional price war in the oil indus
try. The association was formed
two years ago under the Webb
Pomerene act for the purpose Of
maintaining a stabilized level in
the industry. Those in close
touch with the oil situation are
looking for an early dissolution Of
the association.
Several of the leading COM
panies, principally the Standard
Oil Company of New York and
the Vacuum Oil Company, have
for some time protested against
the relatively high rates for ex
port set up by the association.
The companies involved claimed
it interfered with a competitive
price in foreign markets. This is
said to have been particularly
true in the case of the Royal.
Dutch Shell group. of which Six
Henri Deterding is the head. The
companies claim it was almost i'm
possible to carry the price-cutting
war that this group has waged
into its own territory.
Cancellation of the export price
schedule by the association en-
phasizes the acuteness of the
gasoline price-cutting situation
which has been prevalent in this
country since late September. Re
scinding of the export price Sched-
ule means that American com.
panies are now free to sell their
products abroad at any price they
uant tO
The Washington times., 1930-11-10
'ADKERSON RAPS
SOVIET ORE
TACTICS
Producers Head Claims
Dumping Has ParaIyzed
U. S. Manganese Industry

The dumping of Soviet ores in
the Cnited States has paralyzed
the American maganese industry,
J. Carson Adkerson, president Of
the American Manganese Produc-
ers Association, declared at the
opening Of the associations an
nual convention today. He said:
"On account Of the dumping
Of Soviet ores at prices regard
less Of the cost Of production
most plants have had to cease
production during the earlier
part OF the year. Likewise,
construction Of new plants has
been suspended because there In
no market for the ore.
Ask Protection
'In the midst Of our present
period Of depressiOn-in the
midst Of the period Of unem-
pIOyment-we come humbly
knocking at the doors of our
Government for protection
against Soviet Russia--we come
humbly knocking at the doors
of the steel industry for .
market for our product"
Adkerson said that with the
proper protection against Russia,
and a proper market for its ores,
the manganese industry in this
country would soon be able to put
several thousands E1cn to work.
Adkerson continued:
ut Is q well knOE-.l fact that
Soviet Russia is aiming at world
revolution. She = cOnspiring to
undermine the governments Of
the world. She Is seeking to
destroy our institutions, break
down our industries and spread
organized Communism among
our people. There is no easier
way in which she could control
our national defenses than to
gain . monopoly in the worlds
manganese markets"
Question Studied
The association already has
placed it's case before the Gus
GOkDS DUTSdu, Will q OC14AdA4O AOE
ar anti-dumping order against
Russian manganese. The. question
has been under study by the
Treasury for some months.
Assistant Secretary of War
Frederick H. Payne, in a talk
before the convention, declared
that of the raw materials neces-
sary none in war is more impor-
tant than manganese. He added:
THE problem Of providing an
adequate supply is aggravated
by the fact that we largely rely
upon foreign sources to meet
OM demands in this material.
Consequently, it is easy to see
why we are SO interested in the
activities Of the American Man
ganese Producers Association"
The Washington times., 1930-11-10
The Stock Market

The stock market Is now back
to the levels reached In the
middle of 1927. The entire ad-
vance of the last two years Of
the bull market has been erased.
Since the middle Of September,
when this column advised the
public to get out Of the market,
the average price Of 80 industrial
stocks has dropped nearly $40.
The average price at Saturdays
closing was $174.38. This com.
pares with the. high Of l$381.17
reached at the crest Of the bull
market. This is a drop of $209-79
in q little more than q year.
The Washington times., 1930-11-10
wise getting some Electric Power
on further weakness.
Here And There

Here And There
WELL" said board room wit
as one stock went down to l.,
that can't be far from bottom
now."
Commonwealth and Southern
on any further reaction will be
one of the best low-priced specu-
lationS. The stock has begun to
discount lot of things and I
am no longer bearish on it.
Action of quite a few stocks
indicates a rather ticklish short
interest. Two are Auburn end
Gillette.
Worthington Pump seems to
have struck a real resistance
levels in the lower mitS.
Radio Keith Orpheum continues
to act impreSsively.
American Can is a stock to
watch, too. It will be the first
to turn. 1t has been acting much
more stubborn than any OF the
other leaders.
Bears have been active in Co.
lumbia Gas on the basis the stock
is selling too high on earnings
There are still some big short
lines to be taken in I am told
Renewed bear pressure on Gen
eral Motors hasn't been getting
very far. There has been some
good investment buying in the
stock of late.
Montgomery Ward is down to
level where scale-down buying
for the strictly long pull is justi
fled.
The Washington times., 1930-11-10
nhciaI Market Neus Stocks Bonds Commodities and Comment
Rally Believed Due Soon,
Sidelines Best Bet

the general business situation,
Colder weather and the approach
Of Christmas have stimulated re-
tail buying.
The Washington times., 1930-11-10
BY LESLIE GOULD

The election has come and gone
and the stock market has con-
tinued its downward way.
Stocks almost daily have broken
through to record new lows, but
there has been nothing panicky
about the decline, just steady, per
sistent selling. And little or no
resistance has been offered.
The present decline has been
under way now about eight weeks.
There have been rallies. but only
one reached any proportions. All
of which would suggest that at
least q technical rally Is due.
There is nothing, though, to in
dicate a sustained rally is in the
making, and the ease with which
stocks have been pushed down
this week strengthens the belief
the general market trend is still
toward lower levels. This is based
on estimates that earnings re.
ports, as q whole, will be prac.
tically unchanged for the next two
uuarters-that is, the results in
these two quarters will about equal
the third-quarter results Of this
year.
It is pretty early for the mar
ket to be discounting next springs
business. In view Of this, the ad-
vice of the last few weeks to stay
on the sidelines continues the
safest course for the individual.
While many stocks are now in a
buying range there is no visible
reason to rush into the market
now. Purchases, If any, should be
made only with the idea Of hold
ing for a year.
There has been little change in
The Washington times., 1930-11-10
FURTHER DROP
. IN LOANS SEEN
NECESSARY
New York Banks Increase
Their Securities Loans De-
spite Withdrawals Elsewhere
By LEWIS HANEY

Director NeD YORK UntOeTStty
Bureau of Business Research
and Former Economist OF
Federal Trade Commission
The further decrease in brokers'
loans shows. that the trend to-
ward liquidation in the stock
market continues. It means that
few speculative holdings for a rise
are being made, and that people
are either Cd selling out their
margined stocks or (2) are buy
ing them outright. or CD are put
ting them up for loans at banks.
It should be noted again that
the whole decrease in brokers
loans came in loans by Others"
than banks. Out-of-town banks
withdrew loans, but this was prob
ably on account of Others"
This tendency Of private lenders
to pull loan funds away from the
stock market is due to two causes:
Cd the extremely low money rates
here, and CD the uncertainty as
to stock prices, and the tendency
to sell out, thus reducing the de-
mand for speculative loans.
New York Banks Borrow
But the New York banks actu-
ally increased their brokers' loans
last week. (And they were forced
to borrow $24, 100000 from the
Reserve Bank, partly no doubt, for
this purpose. Brokers loans
made by New York banks on their
own account are only little lower
than a year ago.
This shows how the loans Ky
others than banks are a potential
strain on bank credit. AS the
loans by others decrease the bank
loans increase. Let us not forget
this in the next bull market.
But the outstanding fact con-
,tinues to be the large total loans
on collateral, including not only
loans through brokers but loans
by banks direct to investors. This
total for the New York banks
alone increased $35,000,000 last
week.
The fact is that brokers' loans
and stock prices are down to the
levels of 1925 and 1927. Gwen
the utilities are down to 1928 lev
els). But total collateral loans,
except for the extremely abnor-
NAL and temporary peak at the
end of october last year, have
been reduced but little.
Important Questions
There are two questions: %
Are these loans liquid? 90 How
will they affect the market?
It seems that the fact that
they have stayed so large all this
while shows that they are not
very liquid. In practice they can
be liquidated in a large way
only when the securities get low
enough to attract investment
buying. They can be hquidated
at a price, but what price? There
lies the rub.
UnqueStionably they mean
pressure on the market. AS Sc
curity prices fall, borrowers must
put up more collateral or be sold
out. In October the total value
of stocks probably declined about
10 per cent. Over 200 issues were
worth ~ billion dollars less
than at the beginning. Certainly
the collateral loans have not vet
come down in proportion to the
value Of the collateral.
Moreover. such loans are highly
abnormal in amount. Back in
the middle of 1927 total collateral
loans we're only 40 per cent OF
total loans and discounts.
The Washington times., 1930-11-10
SALES CRUX'
BELIEVED DUE.
TODAY
Buy on Any Fresh 0utburst OF
Selling With Wide Open
Breaks, Expert Advises
BY THE SPECTATOR

The market still needs a
concentrated selling climax
before purchases can be
made without any unwar-
ranted risk. / don't think
this occurred Saturday, even
though volume was at a rate
Of 100000 shares for a fun
session. Prices in the main
moved in too narrow a range.
Watch the market today.
If you get an outburst OF
selling with wide open breaks
throughout the list, then
you can step in and buy the
leaders for a quick turn.
The Washington times., 1930-11-10
Federal Bake Shops
Sales Decrease

Federal Bake Shops, Inc, re-
ported today sales for october of
$388,775. against $408.616 in Oc-
tober, 1929. Ten months sales to-
tailed $3,629,173, against $685.
22O in the like 1929 period.
The Washington times., 1930-11-10
Local Stocks

FURNISHED by W. B. Hibbs Coz
SALES
Washington Gas IS A, $4,000
1903, $1,000 1O2ss.
Washington Loan g. Trust Co..
100450
Lanston Monotype, 10000,
10000. 1O@10O. 10010O, 100
100, 10000. 10000, 1001OO,
100 100, 1901
Mergenthaler Linotype 100 89%
The Carpet Corp, 50@22h, so
021A.
AFTER CALL
Capital Tract. Co., 1O05O, So
so, 1850.
Washington Gas IS A, $4,000
1929. $1,000 103. Potomac Elec-
trio 6f2 pfd. 4@11O12.
Washington Gas IS B, $1,000
1051a.
Federal American com, 2503O,
3003O.
Mergenthaler Linotype. 5000.
Capital Trust Co. 2@5O.
UNLISTED DEPT.
Chaplin Sacks IS pfd., 500
1033s.
New Britain herald., 1930-01-03

Good weight galvanized iron, reinforced on top rim with steel
 band, two strong side handles.
The Nome nugget., 1930-03-29
FIREMAN SAVES TWO TRAINS

KANSAS CITY, March 26, [P Quick action by fireman E. E. Milburn saved a passenger train Of the Chicago Milwaukee from a collision with freight train near Excelsior Springs yesterday. Af- ter investigations it was disclosed that engineer George Robinson had died of heart disease while at the controls. He was sixty eighty years old. His family wished that Milburn should be given the cred it. as he preserved Robinson's 4s year record without an acci dent. The freight was scheduled to take the siding and give a clear track for the faster train. Mifburn in the passenger train, happened to look up and found that the freight had no yet been sided. He shouted to Robinson and then noticed he had slumped in his seat. He ieaped across the Cab and applied the air brakes stopping the train before 1t reach cd the freight.
The Nome nugget., 1930-03-29
CANADA HELPS PROH1s

WASHINGTON, March 27 P-
 The passage by the House of Com
 mons of bill designed to prevent
 the clearaace of vessels for the United States laden with liquor, is considered by American officials as giving promise of forceful biow Ito the liquor smuggling interests operating across the northern bore- |der. The bill Is now before the Ca1adian senate. Officials of the United States Border Patrol said that it's passage might make pos |sible reduction in the personnef |of the border patrol, and decrease
 motor Boat smuggling.
The Nome nugget., 1930-03-29
WEDNESDAY
 ;TElEGRAPAICl
DIES IN RING

TACOMA. March 26, P)-Pre- narations are being made to hold a coroners inquest over the death ct Frank Farmer, thirty nine, widely known northwestern boz ine veteran who died suddenly during the fifth round of the Inaia boxing bout at the Athletic .Slub here last night.
 Spark Plug" Joe Boyd Of Ab- erdee1 is being held pending the outcome of The inquiry. Farmer ~ss g veteran of some three hun dred and more ring battles and wes rounted out by referee sitter 1e slu1hped to the floor. Depufy coroner Lodge said that death was caused by blow to the stomach, bringing on "heart block''. Spec tators said that all blows were fair and above the belt.
The Nome nugget., 1930-03-29
PRISON CONDITIONS CAUSE fR1soNEss TO STRIKE

JEFFERSON err. Mo. March '2s. @-Approximatefy five hun tred convicts in hte factories in- sfde the Missouri State peniten- tfary went on strike today after seveH hundred and fffty other [ rrfsofers r,utinied yesterday aexfast prison food. The new outbreak resulted in the curfailment of op- erations in the plants, About ntne hundred prisoneFs wsfe' sent back to their cells demanding better food and better working conditions
 The prisoners quit work in two overaH plants, one pants factory. and chain and broom. factory.
The Nome nugget., 1930-03-29
ARRIVES FROM WHITE
 MOUNTAIN

Vic Ross in the No. ? plane of
 the NAT arrived back in Nome this morning about 10:00 am. bringing as passengers MT. Nelly Of the Bureau of Education School |as White MoaAtaiA, and native named Abraham Lincoln. The plane carried a cargo of exhibits from the bufesa school for the big fair now going os in Nome. Accompanying Mr. Nelly was his daughter.
The Nome nugget., 1930-03-29
SEIZURE NOT LEGAL

SEATTLE, March 26, R)-The "Chief Caplano" is now steaming toward the Orient after being held at Port Townsend on a writ of attachment by Dant and Russell, Portland shippers. Federal judge Cushman ruled that under the treaty of 1S47 the seizure was illegal The shippers sought to recover on losses suffered when the steamer 'Manqutlla" owned hy the same steamship company. went down near the Aleutian Is- lands.
The Nome nugget., 1930-03-29
THURSDAY (TEiECRAPHiCl
12 TEAMS STARTING RACE
 TOMORROW MORNING

Following are the 12 teams scheduled to start from Nome on the 166 mile All Alaska Sweep stakes Championship Race tomorrow morning at S:00 am. The teams will leave the scratch on the ice in front of Barracks Square ten minutes apart.
 l. Dr. Braafadt
 2. Fred Topkok
 3. Peder Bergh
 f. Ed Rohn
 5. Milton Adams 6. Chas. BAtcnford
 2. George Alive
 8. Louis Aseukluk
 g. John Mass
 10. Edwin Punguk
 II. George Moto
 12. Pete Olson
The Nome nugget., 1930-03-29
ERUPTING

CoRDovA. March 27. R- Mount Blackburn is erupting again 1t is reported by Chitina residents. The eruption is spectacular but not menacing. Huge columns of black smoke have been pouring from the cone for several days now.
 Driven from the interior hills by cold, snow, and hunger, more than. fifty deer are being cared for on the outskirts of this city, the feed being purchased through pop ular subscription.
The Nome nugget., 1930-03-29
RICH STRIKE NEAR ooRDovA

)z- CoRDovA. March 38. R1-Re- ports reached here from Valdez saying that rich strike was made on Mineral Creek by T. J.-Deven- rey and w. A. Dolan. who have uncovered sixteen inch ledge of sclid quartz. They have uncovered three hundred feet below surface which carries free gold valued at
 from fifty thousand dollars a ton
The Nome nugget., 1930-03-29
SENATE SPEAKS FORTH

WASHINGTON, March 2s R)- Senator George, democratic mem Der of the Senate Foreign Rela- tfons committee expressed the op- ,inion that the consultative secur- Iity pacts with France as mention led in connection with the London conference, would meet with stub born opposition in the Senate.
The Nome nugget., 1930-03-29
NO FUDTHlsN PRO6PECT0RS
 All UNITE MARCH 8fs'


 The following telegram received gFiaay from the Co1amissioneY of Tran1poFtatiof at Janeau. is self exDaauoAoFy: r. '': 4'' ts JrAeas. Nov. IS, 1923 Geo. s. Maynssd. - LossI Commissione1. -'>-, 2. Nomc, Al&skA .''
 Tho Prcspeetoss Aid Act asa ammsAdet st thS lsst session of- the legislature. prsvfdes that as nearly g practicable. one half of the appropriation shall be ex- pended during each year of the bsenaiurs. Expenditures already made totalsr more than half of tAe faAds. ''
 N is necesssry, therefore, that no further expenditures be made until MarcH 3fss, 1880. P1eaSe Go not accept any more applfta- tions for assistance or submit any additional vouchers until further advised by thts office:
 B. D. STEWART.
 Commissioner Transportation
The Nome nugget., 1930-03-29
PROHI OFFICER IMPLICATED
 IN FATAL SHOOTING

GAINESVILLE, Miss, March 27, R-The fatal woanding of M. l.. Doggett, aged fifty seven, a lamberman, in a gun fight with E. I. Chapman, deputy prohibi- tion administrator, is being investi- gated by State and Federal auth critics.
 Charged with murder, Chapman lc denied bail and is being held in an unnamed place. Officers said that the feeling against him was high. A dozen shots were fired yesterday between the two 1nen in fight provoked by con treversy which started during the trial of A. D. Brister, prohibi- ton agent charged with possession of Iiquor. Bfister incidently, was acquitted.
The Nome nugget., 1930-03-29
"PuLLER OF WOsGEN's'' TEETH
 SUNTDNS

SPRINGFIELD. Mo. March 27. R-Eamer Bentley. aged sinfy. a wealthy retired bsnk president. whose hobby is pulling women's teeth. which caused his arrest in St. Louis last week end, was found today, shot to death in his pala- tial residence by his brother Frank. The body was clothed in a bath robe and propped up in chair. A bullet wound showed in the head which was apparentlys in dicted with suicidal intent.
The Nome nugget., 1930-03-29
WORST FIRE SINCE 1900

HOBOKEN. March 25, (F- The city's worst fire since 1900 swept the upper waterfront. and demolished piers 15 and 16 of the Lambert and Holt line, consuming merchandise. freight cars and sha1tfes. The damaged so far has been estimated at four mil hcn do9lArs.
The Nome nugget., 1930-03-29
CHINESE RANBUFRY ASeUMF6 | BasEAD ACQUISITIONS

WASHINGTON. March S5, M3 The Stste Department said that Douglas Jenkins, American oon- sdl, had Aeain asked the CAfn- csc government to speed soldiers to protect eleven Catholic misston- aries reported besieged ct Kan chow by chinese comnsuHists. Chinese authorities have not re- ceived any reply from General Liu who was ordered several days ago to 90 and protect the Ameri- cans, thus Jenkins repeated Ms request. N