davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-08-09
TO AID
CUBAN SUGAR
SITUATION

A committee to "find and ap-
ply remedies for the present de.
plorable situation df1 the Cuban
sugar industry, has been organ
lied by leading Wall Street and
Canadian banking interests.
Representatives Of the Chase
National Bank, the National City
Bank, the Royal Bank of Canada,
Hayden, Stone & Co., executives
Of American. owned companies
having production in Cuba, and
representatives OF Cuban owned
estates have combined to make a
determined effort to halt the
slump in Cuba'S sugar ira d e,
Thomas L. Chadbourne, Of Chad
bourne, Stanchfield and Levy
announced today.
Mr.. Chadbourne will head the
committee which will overlook
nothing to bring about sue
cessful and immediate result"
Official Recognition
Washington took official recog-
milton Of the situation this week
when representatives of the State
and Commerce Departments in
Cuba reported that general condi-
tions on the island were consider.
ably below any point reached in
the past six years.
DeyiSing a method to handle
the carry-over of sugar from one
season to another is one of the
chief problems faced by the conf
mittee. Bringing production ana
consumption into an approximate
balance will also get considerable
attention.
In the last four years, produc.
tion Of sugar in Cuba has sub.
stantially exceeded demand, with
the net result that the surplus
has been increased from year to
year. Estimates have placed the
1929-30 crop at 4,671. .260 tons, a
drop Of about 485. 900 tons from
the record output of 5,156, ,159 tons
in the l928-29 season.
Prices Are Below Cost
Raw sugar prices. which have
averaged less than 1A cents a
pound in recent weeks, are actu
ally below production costs. Loss
Of as much as .12 cent. a pound
despite reduced production costs
are estimated to have been sus.
tanned by many Cuban producers.
The banks represented on the
committee have long been inter
ested in the Cuban sugar indus.
try. The National City Bank
and the Royal Bank of Canada
have maintained many offices
throughout the island. The Chase
National has an inr~'-+~n+ branch
in Havana. and Hayden, Stone
and, Company have done consider
able financing of Cuban sugar
interest. -
The Washington times., 1930-08-09
POLE REPORTS
BANK GROWTH

Comptroller of the Currency
John w. Pole announced today
that the total resources of the
1882 reporting national banks in
the continental United States
Alaska and Hawaii on June 80,
1880, the date of the recent cal
for reports of condition, aggre
gated $29, lie. .539, 900. an increase
of $1,76S,O41. 900 since March 81
1890, the date of the preceding
call. when there were 1915 re
porting banks, and an increase Of
$l.676,311, 900. over the amount
reported by 1886 banks as oi
June 20, 1929. the date of thu
corresponding call year ago.
Loans and discounts, including
rediscounts, on June 80, 1890
amounted to $14,887, ,752 900, an in.
crease of $23S, ,999 900 since March
27, 1880, and an increase Of $86,
$4,000 in the year.
Holdings of United States Gov
ernment securities totaled $2,753,
941. 900. which was an increase OF
$31, ,098, 900 in the three month
period but decrease of $49,919,
900 in the year. Other miscel
laneous bonds and securities
owned aggregating $4,134,230, ,00t
exceeded by $301.401,0 900 and
1921. 1.555 900 these investments or
March q, 1880, and June 20
1929, respectively.
: The total deposit liabilities
were $23.26S. .S84, 900, showing in
creases in the three and IL
month periods of $l,627 ,906, ,0Ot
and $1,670, ,796, 900. respectively
The aggregate on the date Of
the current call included due tC
banks and certified and cashiers
checks outstanding o. $3,418,14S,
900, United States deposits oi
$171,064 900, other demand de
positS of S1O,926, ,20l 900, and time
deposits of $S.752,571,O 900. In the
latter amount is included savings
pass book accounts of $6,01 1888.
600. time certificates of deposit oi
$1,35T,46f 900, and postal saving:
of $107, 100000. Savings pass
book accounts on June 80, 1880
numbered 15,954, ,689.
The Washington times., 1930-08-09
ocks Haze Worst Day June Bears DriDe Bulls Couer
High Grade Stocks
With Good Return
Good Investments

you can buy Allis Chalmers more
reasonably.
Then there is United Fruit. 1t
yields As per cent, and shows
increasing earnings, its net In
come in the first half also being
8 per cent over last years figure.
The company is practically Ger.
tain to earn around $3.50 this
year.. which leaves a good mar.
gin Of safety for its present 81
dividend. Moreover, the cash bal
ance Of. $23, 600, 900 on June 80
was two millions above year
ago.
Why buy National Biscuit, sell
ing at about the. same price as
U. F., but paying only 33 per
cent. 1t has earned only. SLAB
a share in 1880 (which Is less
than in 1929, while United Fruit
has earned $3.45.
Others in Good Position
One might also mention Texas
Gulf Sulphur. and MathieSon AL
kali. Both are classed as chem
icals." How do they compare
with Allied Chemical and Dye,
which has been the high flyer in
this group? Texas Gulf has
earned as much this year as last.
It yields over 6la per cent.
MathieSon has earned $l.58 this
year compared with SITS last
year. 1t will probably earn at
least So, amply covering its 81
dividend. 1t yields 5.4 per cent.
But Allied Chemical pays only %
per cent in cash and shows the
unreasonably high-price- earnings
ratio of over IS times probable
1890 earnings. The high flyers
got this market into trouble. ]
would let the investment trusts
and others who are carrying
them have them. Don't take
them off their hands. 1t will be
long while before these old
leaders" will carry themselves.
Pick the ones that are really
cheap.
The Washington times., 1930-08-09
WARNER BRDT HERS BREAK
BEGINNING Of DEBACLE
Other Amusement Stocks Suffer; Can and
Rails Still Weak; Ludlum Steel Looking
.. Bad; Bullard Weak M.
BY THE SPECTATOR.

For the past three have told my readers TO t the
market tell its to what 1t was going TO 90 II
did yesterday with capital letters Stocks suffered their worst
break since the Volume the largest IN several
weeks. 5s II
bad sign since it indicates public nqldaton as
today resistance levels established in last weeks sn
ing spell wiped efforts Of the dishearened nus 10
support the leaders Just so many feathers in gale Inc
big l understand, becoming more aggressive
All these facts side lines the only place for the time
being. -,
be bought at current levels But ad
strongly against entering the market now Let the re-
action run have much further to 60 Some
even lows in danger This very PROB
able some recent bad actors as the utilities out
/ believe the good stocks will weather the storm
The Washington times., 1930-08-09
Here and There

My advice on Bullard yesterday
certainly called the turn. The
stock did make a new low and
acted very weak. Leave it alone
until its situation improves.
! One of the big bears reputed
to have made a killing" in Mont
gomery Ward and Simmons in the
November crash was a heavy
seller of electric bond and share,
I hear. Smart traders expect
North Americans American Water
Works, Electric Power and Light
and Columbia Gas to go much
lower. They are talking of SIS for
both Electric Power and Colum
bia Gas. They say the other two
will at least make new lows.
Bargain hunters came out of
hiding yesterday and bought a
few stocks for the strong box
One order was for 1000 shares
of Sinclair. The Vanadium "Bub
bic" was certainly shot full OF
holes. The stock went down
proportionately more than the
other leaders, just as it ran away
from them on the upside last
month. Looks as though the pool
were out. The cQppers held up
comparatively well. My advice
yesterday to stay away from Case
Theshing was borne out by its
II point drop. This advice still
holds good. I am told it is headed
for $50.
The Washington times., 1930-08-09
y. S. Steel Reports
Increase in Trade

NEW YORK, Aug. 9 1.NSO.-
Forward business of the United
States Steel Corporation in
creased 53,991 tons in July, &C,
cording. to the monthly report Of
untitled tonnage issued at noon
today.
The corporation had forward
orders aggregating 4,O22,055 tons
on it's books on July 81, against
3.968, ,O64 on June 80 and 4,088,-
TT tons on July 81, 1929.
The Washington times., 1930-08-09
Public Service Co.
Declares Dividend


Central Public Service Com
pany, which owns all of the COM
mon stock of the Central Public
Service Corporation, today de-
tclared the regular quarterly divi-
idend of$l.75 a share on the pre-
ferred stock payable October / to
stock of record September is.
Central Public Service Com
pany, the common stock of which
is listed on the Chicago Stock
Exchange, is strictly a holding
company The Central Public
Service Corporation, through SUBJ
salaries. serves All communities
in the United States and a tpor-
ton of Canada, with a diversl-
fled public utility service.
The Washington times., 1930-08-09
NeWburger Heads
PhiLadeLDhin 'Chdnde

Frank L. Newburger, senior
member of the firm of Newberger,
Henderson & Loeb, has been
elected president of the Philadel.
phia Stock Exchange. Mr.. New
burger. is 81, a native Philadel-
phian. He entered the brokerage
business on graduating from the
University of Pennsylvania in
1898. He has been vice president
of the Philadelphia Stock Ex-
change for the past eight years.
Newburger, who is at present in
Europe, reports foreign business
is showing gradual Improvement
The Washington times., 1930-08-09

lew it was only a little over 9
points above its low for the year
The drought scare and its effect
on the canning pack were big
factors in the selling. and profes.
sionals were quick to take ad-
vantage of it's vulnerability.
Can, however, is one of the best
stocks on the board, with splen'
did management. There was
high-grade buying in Can. in the
June break when it went below
.112. Wait and see If this de
velops. l believe Can is getting
cheap, but I wouldn't buy it
until it shows better signs OF
support.
An added reason for fresh
weakness in the rails came in the
estimate of Burlington officials
that revenues may be cut $780,
600 by reductions ordered by the
Interstate Commerce Commission
in the drought crisis. Southern
made another new low. as did
Rock Island. The others looked
bad.
Yet I think the. best carriers
are getting in a buying range.
and believe commitments in
Atchison or Union Pacific at 200
and New York Central, Pennsyl-
vania- and Baltimore. and Ohio at
proportionate declines will be
profitable. Missouri Pacific and
Chesapeake and Ohio can be
added to this list for their in.
comes. have held up well. !
The Washington times., 1930-08-09
Locomotives In Need
OF Repairs SkOW Gain

Glass railroads of this country
on July Is had BATS locomotives
in need of repair or 15.2 per cent
of the number on line, according
to the American Railway Asso
ciation, An. increase of 500 loco
motives compared with the mum
Der. in need, of. repair on July /,
at which time there we're 1866
or 14.3 per cent.
The Washington times., 1930-08-09
RADE SLOWED
IN RECOVERY
BY HEAT

Reports to Bradstreet's this
week point to heat and drought
injecting new and &C yet uncer-
tain elements not only into the
general domestic price situation
but also continuing as in recent
weeks, to retard wholesale and re-
tail buying and slow down some
industries which had resumed
operations after the very general
showdowns OF july.
Partial relief from the intense
dryness is noted, mainly as the
result of showers in central areas
east anc west of the Mississippi
this including parts of the Dako-
tas, Nebraska and Iowa. and espe-
cialIy aiding to improve slightly
the rather better than earlier indi-
Gated outlook in the spring wheat
Northwest. Better reports as to
weather also come from many
points in the Southeast. Other
wise, there seems up to the time
of writing to have been little
change for the better in the main
central areas lying. between the
Alleghanies and the Rockies or in
the Atlantic States north Of the
CarolinaS.
S2O,OOO,0OO Loss
The Secretary of Agriculture
put the loss of the corn crop at
500 900. 900 bushels, as against an
average of estimates of loss on
August of about 300,000,O0O
bushels. BradStreet's Kentucky,
Tennessee and Ohio correspond
entS report tobacco whiting and
being hurriedly cut to save what
is left of the crop. The States of
Indiana. Illinois. Kentucky and
Ohio report crop con ditions S
greatly reduced, half crops in
some instances being all that is
possible to look for. Bradstreet'S
Memphis correspondent reports
that no rain has fallen in that
area for 80 days, and that crop
losses in the tri-State area of Ten
nessee. Arkansas and Mississippi
tributary to that market are esti,
mated at $4,000. 900.
That the drought had affected
the leading. crop interests during
July is proved by Bradstreet's re-
port on prices which shows corn,
rye. tobacco and butter prices
| selling. higher than a month
earlier. At Chicago. September
corn rose from 724a cents on July
8 to 86Ts cents on July 81 ard
$101 on August ., a total rise of
272 cents. September wheat at
Chicago, on the other hand,
which sold at 895s cents on July
| 8 dropped to 8ess August 6 to
96A cents. most of this on the
| last day of that period. August
II saw a wild market, but with
| the close on that day prices had
j sagged on heavy realizing.
Industry Improves
In industry, the favorable fea-
/ lures this week include resump-
ton OF work by several hundred
employees of the automobile IN
dustry. and continued marked ac-
tivity in the making of gas pipe.
with heavy orders booked ahead.
July output of pig iron and steel
ingots fell heavily from June and
from July a year ago, as shown
elsewhere. Stiff prices for scrap
but ease in several kinds of auto
mobile. steel were also outstanding
features. Silk manufacturers in
July increased takings of raw
silk heavily, as compared with the
low totals of June.
Reports from other industries
are not greatly different from
! those earlier noted.
The Washington times., 1930-08-09
Lerner Sales Rise.
S4I2,I5I in JuLu

Lerner Stores Corporation showed
sales for July of $2.050 ,062 against
$1,537,91l in July. 1929. In the
seven months ended July 81
sales totaled $$13,347, 1926, against
SO, 9,446, ,O25 in the like 1929 period.
The Washington times., 1930-08-09
Warner Brothers

was told on good authority
that Warmers net profits for the
third quarter ending May 81 were
about $4,000 900. This is less than
rs cents a share on the 2,870, $50
shares of common. The report will
be issued next week: earnings for
the fourth quarter will be less, :
am told, for the company is said
to have stopped production on a
number of pictures at large loss.
Warner profits in the first six
months were $3.67 net for the
year is thus very likely to be
under SIS a share, a lean margin
over dividend requirements,
against conservative early produc-
tions of $3.50 share or better.
This is one reason for the omis-
sion for the dividend and the
break in the stock. The other is
the persistent report of new
financing soon, due to the COM
pany's recent large-scale. eexpan-
sion. I hear this will be anywhere
from $15,000,000 to $25,000,0 900.
The other amusement stocks
were clawed all over the lot as
a result of the crash in Warmers.
Yet their situations are undoubt-
edly much better. It is very likely
that their earnings for, the year
will have to be revised downward,
However, Radio-Keith's earnings
took a jump in the first six
months, and net for the year may
not be very much short of the So
estimated on the common. Fox,
Loew's and Paramount have been
consistent money makers. Their
market action. of course, will fol-
low the rest of the list. Those
who own them should not be
stampeded into selling.
The Washington times., 1930-08-09
Pulling the Play

The break in Warner Brothers
of which Spectator warned his
readers when the stock was in
the 40ss started yesterdays de-
bacIe. The discouraging report
of United States Steefs opera.
tions finished the pob. A good
sized reaction was inevitable fol-
lowing omission of the Warner
dividend. Failure of the directors
to issue statement covering
this action further complicated
matters. Some payment had
been expected by practically
everyone.
Then came the steel report, and
the deluge. It was here that the
market looked its worst. The
Street had pinned much faith on
the prediction of the Steel Cor
poration's finance committee that
the industry had seen the worst
and that operations would pick
up. This was about two weeks
ago. For a reduction to. come at
this time was very bearish, and
the market, badly battered the
last two days, and super-sensitiVe
to bad news. simply turned up
its toes and passed out.
Weakness in Ludlum Steel was
more than a decline in sympathy
with the rest of the, market. l
am told that the report of the
second quarter to- be issued next
week. will sflowca loss. The com,
rany will have to- get a lot more
business and2do some scratching
to cover it's 50 dividend this year,
1t seems. Ludlum's prospects
were outlined here a week ago.
Well informed persons consider
it a good long-term speculation
The stock, however. will very
likely go lower and should not
be touched now.
The Washington times., 1930-08-09
An,nr.;nnn Con

American Can
Weakness in American Can was
one of the most disturbing spots
on the entire list. At yesterdays
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-12-11
Clarifying Yourself
BY ALICIA HART

VxTHEN blemisfi on the hands,
w face, or neck Is visible, you
are likely to want to do something
about it.
A blemish on the feet may be
neglected just because 1t doesn't
show. However, foot blen1ishes
should be given the same severe
treatment.
They may not be seen, but they
certainly are felt. Moreover, they
prevent you having pride in your
feet.
The most common foot blemisheS
are corns, blisters, bunions, calluseS
and ingrown toenails. There are
other defects, such as arch trouble.
Anybody with even suggestion
Of trouble in the arches Immediate
ly should consult an expert. 1t
might lead to fiat feet, which Is one
of the most devastating blows beauty
can have.
IF you have severe corns, a trip
Il to chiropodist Is advisable. He
is an expert in such things and
may be able to relieve you imme-
diately. If you want to take care
of your own feet, there are many
reliable corn treatments.
Soak your feet first in hot water,
then apply either a commercial corn
cure or one your druggist puts up
of the proper proportions Of SAIL
cylic acid, extract Of annabis indica,
alcohol and flexible collodion.
Sometimes they add ether to this
medicine.
A single application does no good.
You must be patient and paint the
corns daily with the mixture, soak
ing beforehand. It usually takes
several applications, but If you per-
sist, the hardened skin will become
loosened and can be pulled of.
Calluses usually come on the bot
tom of the foot, often under the
big toe. When they are in the mid
die of the sole, they are more pain
full.
Both may be caused by too mar
row a shoe, a rough lining, or even
ill-fitting stockings. They should
be considered in the same category
as corns and treated as such.
If they persist, recommend your
spending a few dollars and having a
professional chiropodist treat them.
n n $G
DLISTERS are caused by shoes
ID that are too large or too small,
by ill-f1tting ones that rub up and
down on the hell or right in the
front of the vamp.
A foot blister should be opened,
but only with Sterilized needle,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-12-11
Bride Elect Is
HOmOred With
Luncheon Party

Mrs. Linneas G. Boyd enter
tanned today at her home on
Woodstock drive with a luncheon
bridge in honor of Miss Margaret
Mary Evans, daughter of Mr.. and
Mrs. Edward D. Evans, whose en-
gagament to Mrs. Boyd's nephew,
Robert Spencer Kersey, Muncie,
recently was announced, and Mrs.
Selah N. Marmon, whose marriage
to Orland A. Church will take place
Jan. 3.
Mrs. Marmon and Mr.. Church
will be married at the home Of Mr..
and Mrs. Walter c. Marmon, who
announced the engagement, in
Brendenwood
Miss Emily Kersey of Muncie was
among Mrs. Boyc's guests.
Mrs. Leon G. zerfaS entertained
at luncheon Wednesday at the
Propylaeum in honor Of Miss Evans.
Her guests included:
Mesdames Robert B. Evans. William r.
Evans. Roy X Coats. Raymond F. Mead.
Wilbur Glass. Frank Hoke; Perry w.
Lesh. Robert Glass. James Greene and
John L. Goldthwaite.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-12-11
Mothers VIII
Be HOSteSSeS
for Sorority

Members of the Butler university
chapter of Delta, Delta Delta will be
entertained by the Tri Psi sorority,
an organization of mothers of
Delta Delta Deltas, with a Christ
mas party tonight at the chapter
house, 300 West Hampton drive.
PoinSettias and green candles will
be used in decorating. Miss Dorothy
Fife and a group of her dancing
pupils will present program of
dances, and girls from the active
chapter will sing sorority songs and
give a stunt. Gifts will be dis
tributed from Christmas tree.
Mrs. E. H. Johnson is chairman
of the committee in charge, assisted
by MesdameS Thomas A. Bowser, A.
M. Tarr, R. R. Yeagley, w. D.
Headrick, William F. Enrich, c. P.
Ryan and G.. H. Maxwell.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-12-11
Personals

Mrs. D. r. Higgins, 1850 Central
avenue, is spending a few days at
the Roosevelt, New York. Mrs. w.
D. Adams also is a guest at the
hotel.
Mrs. Edison T. Wood Jr., "a East
Forty third street, and Mrs. Morris
Scott Wadley, 1915 North Meridian
street, are visiting friends In Chi
cago.
Miss Lies Fox, who has been the
guest of Mrs. Lafayette Page, Wood
stock drive, left Tuesday for New
York from where she win sail for
Germany.
Mr.. and Mrs. George Livingston,
6056 Central avenue, have returned
from an eastern trip.
Mrs. G. H. De Bruton, 1015 Fair
field avenue, was a recent guest at
Hotel Montclair, New York. H. B..
Millspaugh, 3505 Guilford avenue, is
at the hotel for a fortnight. w. H.
Gildersleeve of Columbus, Ind, re-
Gently visited the hotel.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-12-11
Party Held
in Honor of
BYidg-ELect

Mrs. Andy Donlan. $40 Hill ave-
nue., and Mrs. Morris Reilly enter
tanned Wednesday night at the
home of Mrs. Donlan with a
kitchen shower and bridge party In
honor of Miss Antoinette Langsen-
kan1p, whose marriage to Robert E.
Kirby will take place Jan. 8.
The bridal colors, gold and green,
were carried out IN the decoration
and appointments. The table was
conferred with complete bridal
party, banked with flowers in the
colors. Favors of gold hearts were
presented to the guests.
Those present with the bride-e elect,
her mother, Mrs. Henry Langsen-
kamp, and mother of the bride
groom elect, Mrs. Garrett Kirby,
were:
Mesdames c. A. Jones. z. G. Wade. Louis
Larson, Clifford Sweeney. Auna L. Bouvey.
Herbert r Fletcher, LIE Roy Hickey, Will
liam Hornberger. Iris Donlan, Jesse Nc
Murtry. Wayne Feay. J. w. Conley. Walter
Hager. William A. williams, T. P. Sexton,
Davis Crawford. Harry Borst. Martha
Ryan. Ella OConnor. Albert Rafert. Adam
Gerlach, Clarence P. Hornberger,, Edward
Ross. Edward Schneider of Anderson, and
Misses Gertrude Corydon and Katherine
Hook
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-12-11
Miss ReinitS,
VIII Be Bride
of II. E. Berke

Mr.. and Mrs. Harry Reinitz, 3777
North Meridian street, announce
the engagement of their daughter,
Miss Mildred Reinitz, to Harry E.
Berke, son of Mr.. and Mrs. Benja-
min Berke, Baltimore, Md. The
Wedding will take place next Thurs
day at II at the Columbia Club.
Miss Reinitz' friends have held a
number of parties in her honor. Ben
Domont will entertain at dinner for
her and her fiance Saturday night
at the Indianapolis Athletic Club.
Sunday night, Mrs. Rudolph Mil
Ter will be hostess for supper par
ty in their honor. Tuesday, Misses
Hortense and Evelyn Hahn will
entertain for the bride-elect and
Wednesday Mrs. Louis Weiss and
Mrs. Lena Weiss will receive for her
at tea in the Harrison room at the
Columbia Club.