davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-11-22
BY LEWIS HANEY
Director New York University b"reau
Economist Of Federal Trade


Economist Of Federal TRADE
Commissions
Perhaps the most important
condition in the business and
political world now is the wheat
situation. We should all try to
understand this situation, not
only as a business factor, but one
that affects our taxes and
politics.
The trouble begins with a large
oversupply of wheat In the world.
The United States and Canada
not only produce good crops but
had large carryovers from last
year. while Europe seems to re-
quire less imported wheat than
usual.
Farmers Have Suffered
OF course, this condition is
caused by declining prices. The
farmers suffered. Partly because
of the political power Of farmers,
and partly because Of the feeling
that farm prosperity is important
to business in general. the gov
ernment has been drawn into a
great farm relief" program. The
main effort has been to support
the wheat market.
We have set up a Farm Board
and a grain stabilization corpora
ton, and given them many mil.
lions of dollars. They have taken
our money and bought wheat at
high prices. Through these or
ganizations we have financed the
purchase of some 60,000,000 bush
els at $1.15 or more. (The price
Is now close to 10 centsD
In Canada they have a great
wheat pool controlled by the
farmers. This pool is carrying
large quantities of wheat both
from 1929 and this years crop.
They got the banks to lend SO
cents a bushel, and the Canadian
provinces guaranteed the loans
Wheat Exports Light
But exports of American wheat
have not been enough to relieve
the situation. so prices have kept
getting weaker. The Chicago
market has fallen nearly to 10
cents. At Winnipeg on Tuesday,
wheat fell to SIS cents.
The Washington times., 1930-11-22
Japan Fails to Use
S5O,OOO,OOO Credit

The 100000, 900 yen, or approx
imately $50,00O.OOO, one-year
credit which Japan received as
part of a fund to stabilize it's
currency last January expired yes
terday with little or no use be-
ing made of it. The credit had
been shared by New York and
London. with J. P. Morgan g.
Co. handling the transaction
here.
The Bank of Japan. because
the exchange rate has been
against Japan practically during
the eatire duration of the credit,
has had to ship gold to this
country continually. Japan's gold
holdings in the year ended Oc-
tober 4 declined about $132,107,-
600.
The Washington times., 1930-11-22
6 indiana BANKS
ARE CLOSED

INDIANAPOLIS, Ind, Nov. 81
1.N.S9.-Six southern Indiana
banks, with millions of dollars of
assets, were closed today as the
result of recent failures of large
banks in Louisville, KY.
The institutions which were
closed during the last "a hours
we're located at New Albany, Eng.
lish, Corydon Junction and Leav-
enworth. Luther r. >Symons,
State banking commissioner, said
these banks crashed because
hundreds of thousands of dol
lars of their funds were tied up
in the Louisville banks that
failed. The southern Indiana
institutions cleared through the
Louisville banks"
The State banking department
head said that approximately 20
southern Indiana banks cleared
through Louisville institutions.
The American Bank & Trust
Co., of New Albany, a bank with
resources of nearly $4,000, GOO. was
the largest bank that was closed.
However. officials of the six
other banks in New Albany ex-
pressed the belief that the situa-
ton would be relieved today. They
said their institutions are solvent.
Another large institution to
close was the old Capitol Bank g.
Trust Co.. at Corydon. with re,
sources of about $1.5O0,000. The
Crawford County State Bank at
English, which also crashed. had
assets of approximately 81. 200, 900.
The Washington times., 1930-11-22
Simon Named Head
Of Mirror Chain

w. A. Simon has been elected
president of the Mirror chain of
candy stores at the leorganiza-
ton meeting of the company. The
new board of directors includes
w. A. Simon, Harry Eising and
Milton We'll, representing the
preferred stockholders, and H. c..
MacBride and George NJ. O'Neil
representing common stockhold-
erS.
The business of the Mirror
chain; which operates about IS
stores, principally in Greater New
York, was recently acquired by
the Happiness Candy Stores. Inc.
The Washington times., 1930-11-22
MARKET RISE
T0CONT|NUE,
IS BELIEF
The Spectator Points to Ac.
ton Yesterday in Forecast
Ing Continuance of Rally
BY THE SPECTATOR

It's beginning to look like
the good old days in the
market. Pools are up to
their, old tricks, tips are be-
ginning to fly and there is
the suggestion of a golden
aura about Wall Street
where only a week ago the
blue haze was SO thick you
could cut it with a cudgel.
Stocks acted splendidly
again yesterday, absorbing
early selling impressively
and forging ahead to a new
high on the movement. 1t
looks as though the advance
could go on for a few days
longer without meeting any
serious selling, and my ad-
vice is to stick with it.
The Washington times., 1930-11-22
Swift 6 Company
Dividend No. $50

A quarterly dividend of Fifty Cents share
on the capital stock of Swift & Company, VIII
be paid on January /, 1881. to stockholders OF
record. December 10. 1880 as shown on the
books of the company.
For the purposes Of the Annual Meeting. the
stock transfer books will be closed from Decsm-
ber. II. 1880 to January. e. 1881. both inclusive.
u. 8. Ysrds, Chieaes. J. z. CORBY. SSo'y
The Washington times., 1930-11-22
The Rails Go Up

The rails ran up at the expense
of the shorts before the close on
the announcement that Western
carriers planned to ask the Inter
state Commerce Commission for
higher rates. The market effect
can be called purely sentimental.
for it's a long way from asking for
increased rates to getting them.
The rails were behind the rest
of the market and an upturn is
in line with the advance of the
rest of the list. There has been
some good investment buying in
the seasoned carrier stocks around
their lows. The yield basis was at
tractive. wouldn't follow the
rails on this bulge, however.
Brokers report they have been
getting a lot of inquiries for
stocks selling around 20. This
will help the pools a lot in max
ing the market for their pets.
There are quite a few good ones
in this low-priced range now, and
there ought to be lot of money
in discriminating purchases for
the long pull. ..
The Washington times., 1930-11-22
Inland, Acme Hold
Prices of Steel

CHICAGO, Nov. 2l.-Sheet steel
and hot and cold rolled strip steel
prices as announced by Inland
Steel and Acme Steel Company for
the first quarter of 1881 delivery
are unchanged from current quar-.
ter.
The Washington times., 1930-11-22
Murray Body Corp.
Steps Up Operations

DETROIT. Nov. 21.-November
operations of Murray Body Corp.
show an increase of 80 per cent
over october and so per cent
over September. Corporation has
$500 men on payrolls against
$500 In September,
The Washington times., 1930-11-22
French Exports
DOLUn in 10 Months

PARIS, Nov. 21.-French ex-
ports in the first 10 months we're
36, l62, 900. 900 francs, a decrease
of $3.50. .O00,O from 1929. I'm
ports we're 43, ,764 600. 900, a de,
crease of 4,689, ,0OO, 900.
The Washington times., 1930-11-22
The Oils Look Bad

Reports from the West and the
Coast state that renewed weak
ness is developing in the oil
markets and that a gasoline price
"'war" is brewing. 1t is feared
that if this materializes it will
spread to the Atlantic seaboard
This would cause considerable sell
ing in the oil shares, and I believe
it would be safer for those vino
bought oil stocks for a speculative
turn to switch to other issues.
There is a lot of TINT in pc
troleum situation, what with big
surplus stocks of oil and gasoline
and muddled merger situation.
Crude oil proration and the refin-
Ing end of aren't all they should
be, either.
The Big Bear who was out at
q Middle Western winter resort re-
Gently is back in town. He is said
TO have turned a bit bullish, and
has been linked with operations
in United States Steel, American
Can. United Aircraft and Radio
Keith Orpheum.
The Washington times., 1930-11-22
Local Stocks

FURNISHED by w r. Hlbbs & Coz
SALES
City & Suburban SIS $1,000 80.
Washington Gas IS A $1,000
1929.
Washington Gas IS B $1,000
los.
Washington Railway & Electric
4s $1,0O0088.
Potomac Electric 6% pfd 20l1O,
l@110.
Merganthaler Linotype 5000;
1O089: 10069; 2@89; 1@89.
Peoples Drug Stores pfd $50
99a,
AFTER CALL
washington Gas IS, A, $1,000
1921.
Potomac Electric 51a% pfd SO
lot.
Public Utility Bonds Rid Ask
Amer Tel & Telga AIS s3.T1O2 J--..,
Amer Tel & Tel AIS s9....t1&s
Am Tel & Tel C'tl. Tr SIS. .t105h u
Anacostia e. Pot r 5s....! 81 So
Ana & Pot Guar 5s..... as 9S
C g. p Tel of Va 5s.. .tI02
Cap Traction r r 5s..s... S42l IS II
City Suburban 5s.....,i 30 50
Georgetown Gas list 5s..... lies hos
Potomac Elec cons SIS. 49,. .t163 q iI02s:
Potomac Elec Is .:',.... ioT Il0sh
Wash Alex Il Mt v Ctf.
Wash Baltic & An 5s.... as ii ,
Washington Gas IS. 5s.........t1041si10 4 i105a
Wash Gas IS series A...... l102Mi103 l
Wash Gas 6s series b.. .li05 lI0s
Wash Ry & Elec Is. ...:.:.. S7& sSh
Miscellaneous Bonds -
Parber & Ross Inc sbs....l 81 90
CheVy Chase Ciup E2S'.''ll lOO .....
Col Country club 4@s...... 100 l1n1h
Paper MFG 6s''...... 90 IS
W NJ Cold Storage. Ss.... s5 49,.
Wash Cons Title IS. -. l100.
Public Utility stocks -
Amer Tel & Tel. ,........,.!!1 !!19o5s J.
CAPITOL Traction Co.., 4S So
Wash Gas Light Co ......, lis l125
N & w Steamboat ....,.l21O 1850
spot EIec Power SIS pfd. .Il10 I11oS
+Pot Elec Pwr Shs pfd. .l1eT t1O7h
%Wash Ry & Flee com. .l45N
"wash Ry & FL pfd .....f 98h 90
National Bank Stocks
Capital ....---.....-....-.I I25o ESQ
eommereiai colnmsle t.tampsd ass sss ;ss
District ..I..,.... ...s.... i20B l2SO r
Federal American .....s..l 2s5 ESQ
Liberty ....E...........l195 l2I0
Lincoln .......,.......,. 400 1898
Metropolitan ...............IS2 $50 400
Riggs ......s".........s' .l4zS 1879 .
The Washington times., 1930-11-22
.U.S.FARNBOARD.
!. HAS BIC BLOCKS
Of WHEAT
More Than 0ne.tenth of Visible
Supply Of American Grain
In Corporations Hands

More than one-tenth of the
wheat in the United States is esti-
mated to have been put into the
hands of the Sterilization Corp,
of the Federal Farm Board as
a result of the Cove nment's
fight on falling wheat prices.
Farm Board officials. however,
decline to comment on these un.
official, but supposedly reliable
reports, that the corporation is
holding more than 10000, 900
bushels of wheat.
The domestic crop is estimated
at $40, 900, 900 bushels, to which
was added 225 900 900 bushels car.
ried over from last year, making
total supply Of l,O65, 600, 600
bushels.
The Washington times., 1930-11-22
Vanadiulrf..Jumps Up

Vanadium started its old tan
trums yesterday, jumping four
points on renewal Of heavy vol
ume. The company has been
getting some business lately, l
understand, and operations are
being stepped up after a lean
summer. Expectations now are
that Vanadium will come out on
the right side of the ledger this
halt, which won't be very difficult
on the small capitalization.
Also. rising market may help
out. with an additional Income
from securities" which made up
a good part of the $3.50 per share
Vanadium reported for the first
half. The stock is evidently get
ting strong sponsorship again, in
dicating that pool work has been
revived.
'Tis whispered that the old
crowd is nibbling around Radio
again, and the stock has oeen
widely tipped the last few days.
The company will have to do a
whale of Christmas business to
make UP the deficit of over
$4,000, 900 for the nine months.
The Washington times., 1930-11-22
Buyers Protected

buyers PROJECTED
CHICAGO, Nov. 22.-As the
Grain Sterilization Corporation
has taken steps to prevent fur
ther declines in wheat prices, it
may be assumed that consumers
of wheat products may with -ea-
sonable safety make purchases
against such advances in the
market as might come about
through the many underlying
constructive factors. such a;
greater bread consumption, sub
stitution of wheat for corn in
live stock feeding, huge loss to
corn and forage by drought, re-
ouced acreage soWn to wheat and
many hazards through which the
growing crop must pass before
it can be harvested. George S.
Miner, president Of the corpora
tlon, today declared.
Foreign Drop Sighted
The depression of European
prices by Russian wheat selling
and the drastic declines in Ca
madam wheat prices did not
cause declines in domestic prices
due to the marketing act, he
said.
THE present low prices Of
domestic wheat ne continued,
"arc more than offset and fur.
ther declines seem unwar-
ranted by facts that no con-
gestiOn appears likely i'm ter
minal markets, despite the
large visible supply and that
not only are farm stocks de-
creasing, but primary market
receipts are light. as a result
of which hedging pressure is
negligible"
The Washington times., 1930-06-05

An AD-TAKER sc DISTRICT $3.50
offers you her assistance In preparing
YOUR Classified Al for publication IN
The WashingtOn Times.
The Washington times., 1930-06-05
SHOUSE BUTLER.
ARRESTED

Axel w. Boya. 20, q butler in
the home Of Jouett Shouse. chair
man Of the Democratic national
committee, was arrested early to-
day after q chase by police and
held at the. Third precinct for
investigation in connection with
an alleged burglary at the Gift
shop, 1900 block Connecticut
Ave. N. w. Boya is accused Of
stealing jewelry, clothing and
trinketS valued at $40O.
He was arrested near Con-
necticut Avenue and M Street
Northwest. at $3.50 q. m, after a
heated struggle. by Policemen
James F. Rockford and John r.
Ashton. The police were stand
ing near the shop when they
noted a man coming out. A
short chase ensued, during which
he dropped handful of articles.
In the struggle to subGue Boya
Rockford was kicked on the leg
and hit on the face.
The Washington times., 1930-06-05
247 GET I BLISS.
DIPLOMAS
-AlI Times stafs Photos

Two hundred and forty-seven
graduates Of the Bliss Electrical
School were awarded diplomas
last night in Memorial Continen-
tai HAN before more than 1000
relatives and friends.
The invocation was by the Rev.
J. Manley Cobb, pastor Of Trinity
Protestant Episcopal Church. Ia
koma Park. Louis Denton Bliss,
president of the school, made the
farewell address, and presented
the diplomas, assisted by Charles
F.. Ferry. chairman of the theo-
retical department, and Eugene
w. Bond, secretary Of the school.
Charles w. Perry read the roll
Of honor
The Washington times., 1930-06-05
BUS
FARES STAND

RICHMOND, Va. June s.
The two Alexandria transporta-
tion companies, successful May
Is in plea for increased fares
to become effective June 10, yes
terday withdrew their application
before the State corporation com
mission. The. fare was to be 3
cents. The withdrawal means
the scent fare win continue on
both buses and street cars.
The Alexandra. Baltimore and
washington Rapid Transit and
the Mt. Vernon, Alexandria and
Washington Railway Company.
both headed by r., L. May, signed
the withdrawal forwarded to the
State corporation commission
yesterday, which, it was indicated,
viii be the basis for an order
canceling the fare increase order.
The communication Of with
drawal said:
''The Interstate Commerce
Commission having granted an
application heretofore made for
an increase in rates In inter
state traffic, the undersigned
has decided to give the intrar
state rates heretofore existing
further trial, hoping that She
operation may be continued
without the necessity for any
increase. We, therefore, ask
that our application for an In
crease Of intrastate rates be
Withdrawn"
The Washington times., 1930-06-05
SEGRAVE BOA 7
IS LAUNCHED

LAKE W1NDERMERE, England
June 5. (I.E.S.1.-Miss England
II, the $125.0e0 wonder motor
boat with which Sir Henry Sc
grave hopes to regain for England
the world record. was launched be
fore an enthusiastic crowd here
today.
Tomorrow it win undergo the
first trails and the attempt on the
record viii be made as soon after
ward as possible. It has two air
plane engines developing 1000
horsepower, a streamlined struc-
ture Of wood and the tail Of
an airplaue.
It takes three men to drive
it and its lowest speed is seven
teen miles an hour, while the
top speed is expected to be any
thing over lis miles an hour.
It is the most powerful boat
ever constructed in England.
The Washington times., 1930-06-05
Cold Weather Plane
Gasoline Is Devised

Aviation gasoline, such as the
Army ordinarily uses. viii start
the airplane engine only ct tenn
peratures above zero. but q mix
ture ii equal parts Of ether and
gasoline should permit starting ct
about 20 degrees below zero. ac-
cording to test results announced
by ne Bureau Of Jtandards.
The bureau has recently con-
Quoted tests on olendss Of the
highly volatile gasoline from
natural gas with naptha distilla-
tious and etheE.
The Washington times., 1930-06-05
SOuCEK AWAITS
HEIGHT TEST

Lieut.. Apollo Soucek, the Navy's
record holder for altitude in q
seaplane, probably viii known by
tomorrow whether he has re-
gained from Will Neuenhofen, Of
Germany. the land plane crown.
His altimeter reading $4,000
feet after two hours and ten min
utes In the air yesterday after
noon, Soucek must have attained
Q barograph reading of 42.122
feet to be credited with breaking
Neuenhofen's record of 4l.794
feet made at Dessau, Germany in
q Junkers monoplane May 25.
1929.
Under the rules of the Fedora
tion Aeronautique Internationale,
in order to break an existing rec.
ord, an altitude 100 meters 1928
feet) higher than the record,
must have been attained.
The Washington times., 1930-06-05
the exact altitude.
RUFUS LUSK

.
RUFUS LUSK LINDSEY SYLVESTER
A 6O-POUND cannon ball, believed a civil war relic,
which didn't explode, was the find of Rufus Lusk TIT
Thiry-seventh ST. N W., and Lindsey Sylvester, 1713
Thirty-sevenh st. N. w. who rolled it from street
gutter in Georgetown and took to the Sylvester home
District firearms experts are investigating.
The Washington times., 1930-06-05
EXPECT SENATE
To TURN. down
MEASURE
Three Of Four Major Parts Of
Wickershanl Program Have
Obtained Approval


President Hoover today had an
other cOugressio Il victory in his
efforts to obtain enactment Of
the administrators prohibition
reorganization and law enforce
inent program IN the present ses-
sion.
with passage Of the so-caIled
sinryleSS trial. bills by the House,
three Of the four major parts Of
the program had been approved
bys that body TWO have become
law.
The situation was. II
Prison reform program, includ-
Ing new prisons to house in.
creased population had become
law.
Dry Force Shifted.
Measure transferring sprohibi-
tion enforcement from Treasury
TO Justice department had be
come law.
WickerShana commission court
reform program, including Jury
less trial" bill and modification
Of Jones Law. had passed House
end was sent to the Senate today.
House Interstate Commerce
Commission had virtually agreed
TO report out modified admins
tration bill for unification OF
border patrol forces.
Passage Of the latter two In
the Senate Is not expected. !.
The court reform program Of
the WickershaIa Commission.
which was asked by the Preside lent,
hurdIed al obstacles In q bitter
tWo-Ciay fight in the house, With
dry leaders creating q wet and
dry issue to assure victory.
Party Lines Broken
The program includes a modifi-
cation OF the. Jury system that
has existed for $50 years. and
both party and wet and dry lines
were broken to some extent.
Under this program. designed
to relieve congestion in Federal
Courts, q new class Of petty vio-
latoYs of the prohibition law is
created with q maximum penalty
Of $500 fine and six months i'm
sprisonmef1t.
Both Representative Graham
(R.l of Pennsylvania, chairman
Of the judiciary Committee, 9
wet, and Representative Sumner
Cd Of Texas, ranking Democrat,
. dry, opposed the bills as an in
vasion Of the constitutional right
of trial by jury
Passage was accomplished with
Representative Michener tR.) of
Michigan handling the bill, de-
claring Congress was bound to
give the President the machinery
he wants to enforce the dry law.
The interstate commerce sub
committee drafted bill creating
unified border patrol in the
Treasury under Assistant Secre-
tary Seymour Lowmar.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1930-02-18

inside surfaces of the column
tlanges in the study of the cree.
ton of steel frame buildings. One
OF the advantages of welding was
the elimination of most of the
noise which sually accompanies
the erection of steel buildings.
While the elimination of noise
Is especially important in con.
Struction of additions to buildings
already occupied, freedom from
noise in the congested business
areas Of large cities also is desir
able" said a bureau official.
Sound-proof apartment house
walls have been studied for many
months. To the urban dweller,
forced to swarm together in
apartments, sound proofing of
walls has become increasingly
important especially since the
advent Of prohibition and the
radio.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1930-02-18
CANCER SERUM
IS DESCRIBED
JACK SHEA
(continued from, Page ~

Continued from Page H.
Of the laboratories at st. Francis
Hospital, San Francisco. who de-
clared:
That the effect Of the extract
is far more powerful in the killing
Of canceroals tissue than that Of
either radium or the X-ray. which
cause injury to normal tissue.
That numerous cancer cases
have distinctly shown disinte-
grafton Of cancer cells after three
or four injections of the cancer
extract"
Make No Claims Of Cure
DR.. Coffey was explicit in point
ing out that he or DR.. Humber
made no claims Of curing cancer.
He said:
IT need not repeat that our
present work is purely expert,
mental and centered upon the
nature and effect Of our potent
hormone. If patients are re-
lieved of their disease, that in
terests us deeply. If they die,
then our interest in the post
mortem examination Of their
cancer growth is equally great,
for we aim to know what hap
pens inside the body when our
extract circulates and affects the
inside cancers"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1930-02-18
Principal Tells Reason
For School Discipline

Appearing befo:e a meeting of
the Takoma Park Citizens Asso-
citation lat night, L. ]. Cantrell,
principal of the Paul Junior
high school. explained the reason
for rigid discipline at the Paul
school.
Cantrell'S appearance was in
reply to a QUESTIONABLE on the
subject Of discipline sent to him
by parents Of children attending
the school. He stressed that the
QUESTIONABLE was sent in a coop
eratiVe spirit. He also said that
he believed children would rather
attend q well disciplined school
than a lax one.
Another address on school
methods and parent-teacher COOP
Grafton was made by Miss Eliza
beth O'Hara, principal of the
new Takoma Park school.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1930-02-18
Farley at Standstill
While France Selects
Successor IN To rdinII


LONDON, Feb. 10 GN.SO.-
With France temporarily unable
DO participate in the negotiations
because of the fall Of the Tardieu
cabinet, there was little hope for
progress at the London Naval
Conference today.
A scheduled meeting today Of
Che chiefs of all five delegations
has been indefinitely postponed
pending developments at Paris.
although French Minister Of Ma
fine Georges Leagues is still here,
his role is virtually that of an
unofficial observer and he is sub
Hect to recall at any moment.
1t is not believed here that the
fall Of M. Tardieu will affect the
present aspect of the naval nego-
tiationS other than to delay them
Indefinitely while a new govern
ment is established.
Meanwhile the only thing the
delegates at the conference can
attempt to clear up is the Japa-
neSe problem. Here, however, it
is possible the Japanese might
feel little disposed to come ato
final arrangements before seeing
how the French crisis would
affect the conference and before
knowing the results Of their own
elections Thursday.