davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-09-04
COTTON CABLES
ARE STEADY

NEW YORK, Sept. 4 G.NSJ.
The New York Cotton Market
was quiet during the forenoon
trading today with the general
list of future contracts selling
within very narrow limits.
Liverpool cables were steady
while showers were reported in
scattered portions of the eastern
Cotton Belt where not especially
wanted. The West sold in the
early trading as did Liverpool.
Spot houses sold January. Some
Southern hedging was in evi,
dence. The trade demand showed
more of an increase as did cov-
ering for over the weekend and
bureau report.
At midday October sold at CTS,
unchanged; December at 6.98,
up 1; December at TOT, up /;
March at 1928, up 3; May at 7.42,
unchanged, and July at 7.61,
up 2.
The Washington times., 1931-09-04
CURB UTILITIES
!. IRREGULAR

NEW YORK, Sept. 4 G.N.SO.
The curb market was unable to
accomplish much in the way of
important price change in today's
Enthusiastically dull pre-holiday
session, and the majority of
stocks showed a disposition to
back and fill idly at no great
distance from previous closingS.
The utility group ruled highly
irregular. Moderate firmness was
noted in American Gas and Elec-
trio, American and Foreign Power
warrants, Tampa Electric, and
United Light and Power, in which
fractional gains were recorded,
but these were largely offset by
declines of like proportions in
Electric Bond and Share, Amer
ican Superpower, Associated Gas
and Electric A. and Brazil Trac-
tion. The only change of any
consequence took place in Con-
solidated Gas of Baltimore, which
sold off 2 points to So on rela-
lively light turnover.
Cities Service was again a
sluggish performer, backing away
fractionally to yesterdays low
at 93s.
Oils were extremely dull, with
the infrequent sales in this group
taking place at generally un-
changed levels.
The Washington times., 1931-09-04
WORLD COFFEE
SURPLUS IS
GROWING
Consumption rs, ,000,0 900 Bags
Yearly, Supply $1,000, 1000,
and 100000 Crop Near

The worlds visible supply of
coffee on September / was 6,943,.
728 bags, not including interior
Brazilian stock. This compares
with $3.50, ,952 bags on August l
and 5,528,978 bags on September
l, 1880, New York Coffee g. Sugar
Exchange states.
World consumption of coffee as
estimated by deliveries, amounted
to 3,663.861 bags for the COM
bined months of July and Au.
gust, compared with 3,4O2 ,O85
bags for the similar two months
in 1890.
U. S. Using More
During the two months period,
the United States consumed l..
651,852 bags compared with l..
sos, 1854 bags during the like 1890
period. Europe consumed 1,838,.
500 bags compared with 1,623,931
bags in 1880.
In addition to the visible sup.
ply of coffee, which represents
stocks in the United States, Eu.
rope and in Brazilian ports, there
were 20,031, 900 bags in Santos
interior warehouses, 776,0OO in
Rio and 10000 in Victoria ware
houses as of August /.
Thus, including interior stocks,
the total world supply of coffee
approximates 27,940,728 bags.
New Crop Heavy
This, however. does not include
the new crop of Brazilian coffee,
the bulk of which has not been
shipped down from the planta-
tionS.
This crop is unofficially placed
at about 17,4O0,O0O bags, com
pared with 15,O8O,OOO during the
1929-3O crop year and 1929, ,222
in 1928-29.
World consumption of coffee
annually runs about 25,0OO,OO0
bags.
The Washington times., 1931-09-04

combinations that will rival the
big three-General Motors, Ford
,and Chrysler, Leslie Gould, finan-
cial editor, writes in the New
York Evening Journal.
This will be the first step in
debating the industry that led
the way in the last great wave Of
prosperity.
"a Firms, Many Makes
There are at present in the
Omitted States "a individual manu-
facturers. This is manufacturers,
not makes of car.
There are many more makes of
cars, General Motors alone &C.
counting for seven, Chrysler for
four and Ford for two.
These "a manufacturers have
plant capacity for roughly $1,000
900 cars. This is approximately
1000 900 more cars than the en-
tire world consumed in the record
breaking sales year of 1929.
100000 Yearly
Add to the United States total
the plant capacity of auto makers
in other parts of the world, and
potential production of autos
throughout the world will be
found to exceed 100000 cars,
In the United States alone
plant capacity is 100000 cars in
excess of current demand, which
is running slightly ahead of 3,000,'
600 cars year.
In the record-breaking year OF
. 1929 a total of 5,358,12O pleasure
cars, taxicabs and trucks were
sold in this country. OF this
amount, 4,569,811 we're passenger
cars, 771,020 trucks and 1883
taxis.
Bulk to Three Concerns
Of the "a manufacturers, II are
selling approximately SO per cent
Of the automobiles today. And Of
the II, three General Motors,
Ford and Crysler - are selling
about IS per cent of the total.
Seven are dividing l per cent
Of 100000, or 10000 cars, which
is not very fat fare. With the ex-
ception of one or two makers of
special custom jobs, the producers
in this group are faced with pass
ing either into oblivion or a
merger, with the betting odds
favoring the former.
It is in the second group-tke
IA that are dividing SO per cent
Of the business with the Big
Three - that the active mergers
are being carried on.
The Washington times., 1931-09-04
Commercial Lau Course
For D. G. Credit Men

The washington chapter of the
National Institute of Credit, con-
Quoted under the auspices of the
Washington Association of Credit
Men, it was announced today by
Charles w. Clayton, president,
will open its fall term Tuesday,
September %, and John A. Reilly,
vice president of the Federal
American National Bank and
Trust Company, will lecture on
commercial law.
Mr.. Reilly is a memoer Of the
District Bar, and for 10 years
was identified with the Credit
Men. He was made secretary
manager in 1927, and when he
assumed his bank post the asso-
citation elected him to its board
of directors. He is a member of
the faculties of Columbus and
Southwestern universities. Mr..
Clayton said:
"The course in commercial
law as sponsored by our assO-
citation will deal primarily with
legal subjects of vital inter.
est to the credit executive. The
function of the credit execu-
tive today is among the most
delicate and important of our
business tasks and it is import
ant that individuals engaged in
this work should have the ap-
prOpriate background"
Glasses will be conducted every
Tuesday evening until the pre-
scribed number of hours have
been consumed. Those complet-
ing the course will receive a GER
tificate from the National Insti-
tute of Credit.
The educational committee of
the association consists of Arthur
j. Linn. FederalAmerican Ma
tional Bank & Trust Co; E. L.
Mcintosh, Frank Hume, Inc;
Felix Moriarty, E. Morrison Paper
Company, and M. M. Watson,
Dulin & Martin Co.
At the last meeting Of tbs as.
The Washington times., 1931-09-04
FEW MUNICIPAL
AUGUST BONDS

State and municipal financing
during August totaled $75, ,10O,88
the smallest August total for any
year since 1925, according to the
Daily Bond Buyer, New York.
The total for the eight months
ending August 81, however, ST.
O16.520,945, is the largest figure
recorded for the first eight months
of any year since 1924.
During the first eight months
of that year, total bond sales
amounted to $1,064,208,220. the
nearest comparable figure, $1,013,-
728,780, was recorded during the
same period in 1927.
Financing by the city of De-
troit on August 13 accounts for
$30,00O.000 of the August total.
The majority of the remainder
of the August financing was dis
tributed in a number of COM
paratively small flotations.
A number of large pieces of fl
nancing originally scheduled for
earlier in the year are now def
nitely listed for September, which
indicates a rather substantial
total in view for the month of
September.
The Washington times., 1931-09-04
New York Curb Market
High Low Last
Legal Notices

OFFICE OF THE COMMISSIONERS OF
THE DISTRICT OF COLUMBIA. Notice
is hereby. given that in accordance with
the provisions of an item authorizing
ways contained in D. G. Appropriation Act
for the fiscal year ended June 80, 1914
Public Act No. 435, 62nd Congress), ap-
Sn xet Gp Adm 1s9s
Act No. 1853 Goth Congress). the Com.
missOners of the District of Columbia will
give public hearing in the Board Room
T temSer @ a1st. ssU"s 1881 at 10 10 o'cIocF % A. n
to all persons interested or owning land
within the territory affected by proposed
changes IN the plan of said permanent
system of highways. described as follows,
viz: l: Property in the northeast section
bounded by Franklin Street and Rhode
Island Avenue on the north. goth Street
and Queens Chapel Road on the east; New
and Brentwood Road on the west; and
also affecting SQUARE 409S, and Parcels
1898 and 1894. 2. Property in the
%nenss and dee0n Monroe street ths no
the south; and Lincoln Road on the west.
RFGRery y Broad hf Branch RSsd 0n
north, Broad Branch Road and Davenport
Street on the east Davenport Street and
sres on tse west hH fq Propery nf IN
northeast section. bounded by grounds Of
the north. Anacostia River on the east.
Benni1g Road on the south. and Bladens, ss
the northwest section bounded by Albe-
marie Street and Massachusetts Avenue on
the north. 4sth Street and University Ave-
nue. on the east lockwood Parkway on
the SOUTH and Dalecarlia Reservoir grounds
and the District Boundary Line on the
west Plats showing proposed changes in
the highway plan of streets within the
territory described above are on display in
the office of the Surveyor of the District
of Columbia. Room 405. District Building.
and may be examined by interested parties
during business hours prior to the hearing
Such plans will also be displayed at the
hearing. and the said Commissioners will
cerning the proposed changes as shown on
above mentioned plans. L. H. REICHEL-
DERFER, H. 3: CROSBY. D. A. DAWSON
Columbia.
The Washington times., 1931-09-04
Bids and Proposals

OFFICE OF THE EXECUTIVE OFFICER
Arlington Memorial Bridge Commission
Navy Building. Washington. d. C.-Sealed
bids will be received in this office until
IL :0O A. M. Eastern Standard Time. Sep
tember II. 1881. and then publicly opened
in Room 1913 Navy Building. for the paw
ing. -curbs sidewalks. etc. on and around
the. Bridge Plaza at the east end of the
Arlington Memorial Bridge. The major
items of work involve the placing of about
2O.700 square yards of cold bituminouHs H
concrete paving. of which about 10000
base: about $500 linear feet of curbs and
about S.340 square yards of scrubbed
titles also include the paving on the Park
way Underpass and Parkway Approach
for which no foundation is required. and
also the laying of the sidewalks on the
upstream side of the Arlington Memorial
Bridge and on the Parkway Underpass
and the Parkway Approach. Further in
formation upon application.
The Washington times., 1931-09-04
American Can Adds
To Savannah Plant

SAVANNAH, Ca, Sept. 4.-The
American Can Company has
added facilities to its plant here,
installing additional equipment
and increasing the number of en-
ployes, the company announces.
This has resulted from the con-
tract entered into with the Gen.
eral Foods Corporation, whereby
the Savannah plant is supplying
more than 100000 specially con-
structed vacuum cans per month
for Maxwell House coffee.
The Washington times., 1931-09-04
Kline Bros. Report
AUQuSt Sales Gain

Kline Brothers August sales
totaled $378,967, against $341,4O7
in August, 1880, an increase of II
per cent.
Eight months sales were
$3,168,018, against $2,677,681 in
the like 1880 period, an increase
of 1873 per cent.
The Washington times., 1931-09-04
Sales Up II Per Cent
For BOhdck COn1Dnnu

H. c. Bohack Co. report August
sales of $2,737, ,089 against $2,51O,-
027 in August, 1880, an increase
of 9 per cent.
Sales for the 80 weeks ended
August 81 were $20.266, ,432 against
$18,122,908 in the like period, an
Ancrease Of 11.8 per cent.
The Washington times., 1931-09-04
WASHINGTON TIMES
BUSINESS OFFICE. 1917 H ST. N. W.

BUSINESS OFFICE. 1917 H ST. N. W.
RATES DELIVERED BY CARRIER IN
WASHINGTON AND ALEXANDRIA
The Washington Times daily is de.
Iivered by carrier at 10 cents per week.
Daily Times and Sunday Herald. Is cents
per week: daily Times and Herald daily
90 cents per week; daily Times and
Herald daily and Sunday, IS cents per
week
The Washington Herald, daily and
Sunday, IL delivered by carrier at Is
cents per week; daily only. 10 cents per
week.
Orders can be sent by mail or tele-
phone DI strict $3.50. Collection IL made
weekly by carrier
The Washington times., 1931-09-04

Sociation certificates from the
National Institute of Credit were
presented to E. A. Brown, Thorn
sons Dairy; E. L. Mcintosh, Frank
Hume, Inc; w. w. Weidman,
Doubleday-Hill Electric Company;
Louis M. Hewlett, Griffith Con-
Sumers Company; M. d. Esch,
Hydraulic Press Brick Company;
j. M. Rodgers, Edmonds Art
Stone Company; Fred McClana-
han, j. Carey King, Inc.
The Washington times., 1931-09-04
LELAND DROPS FIGHT

Henry M. Leland has issued
statement to 2,40O stockholders
of the original Lincoln Motor Co.,
indicating that he has abandoned
his legal fight to force Henry
Ford to pay the stockholders
losses,
The Washington times., 1931-09-04
GREAT MERGERS
fDUE IN MOTOR
INDUSTRY
New York Financial Writer
Predicts Early Combines
or Big List of Casualties

Active negotiations are now
under way for a merger of sew
eral of the so-called independent
automobile manufacturers into
one or two and possibly three
The Washington times., 1931-09-04
News of Many
Trade Gains

American Can Company
enlargeS Georgia plant and
force.
Exports to Asia gain
$3,00O,OOO in July.
FiShman sales jump 20
per cent in month.
Kline Brothers report
August business better.
BOhack trade improves
over last year.
The Washington times., 1931-09-04
Exports to Asia Up
S3,OOO,OOO in July

Exports to Asia during July in
creased $4,000, 900 compared with
July, 1890, one exception in de-
pressed United States foreign
trade during July, Commerce De-
partment reported today.
The Washington times., 1931-09-04
Fishma0n Sales Gain
22 Per Cent in Month

Fishman Company August sales
were $3.50, ,987 against $210,232 in
August 1880, an increase Of 20.8
per cent.
Eight months sales were
$1,513,986 against $1,232,675 in
the like 1880 period, an increase
of 22.8 per cent.
The Washington times., 1931-09-04
Educational
INSTRUCTION COURSES 4

EXCEPTIONAL courses short. intensive
secretarial, saves time. more money. di.
ploma. position. New classes DOW forming
BOYD SCHOOL. 1888 q St. MA. 2340.
The Washington times., 1931-09-04
MALE AND FEMALE S
Business Opportunities

COLORED couple man and wife. for pri-
vate family, at once. 2724 Ga. Ave.
The Washington times., 1931-09-04
CHAM RS
LARGEST UNDERTAKERs.
MOTOR TRAVEL 9.AA
EXCURSIONS

EXCURSIONS
TIREWATEE HHTT IT ER,dH LINEs5 y S5,IN NO.
18th and n nay Ave-. T. y. a Leave s1auRn Wash: E!
ington for Colonial Beach to connect with
Morgantown Ferry. sos. 4:10a Saturday.
s:05. 200 .4:1O: Sunday. 8 :O6. 1880.
4:10. Round trip. 50 90. Point Lookout.
sos. Round trip. $500. River Springs
and Kopels Point. 10: Saturday. and
Sunday. 8 8:O6. 4:10. Round trip. $500.
LARGE COMFORTABLE COACHES.
The Washington times., 1931-09-04
News, Stocks, Bonds and Comment
New York Bond Market
Inited States
Fractions 'epresent Sends
1911 means IOI I-32

Lib 1st 4As 'S2-47. .
Lib 4th 4tts 1898. .
Treasury 4i4s i7-52,
Treas 3ass '43-47...,
Treas 3as S '4O-43 June
Treas S9ss 4l-43 Mar
Treasury 31ss '46-49.
The Washington times., 1931-09-04

TO CLOSE AN ESTATE,
Well-Equipped Grocery
IN SOUTHWEST SECTION. Attractive
modern fixtures. Reasonably priced
CHARLES F. SANFORD. Atty"
Oriental Bldg. District 6941.
The Washington times., 1931-09-04
oCSn iti CUE;; lonE oes estan. dehGSaIesSen;

STORE. good for shoe store gents furnish
ings or ladies' Rent reas. 425 Sth S.E.
The Washington times., 1931-09-04
SPECIAL NOTICES

AFTER THIS DATE 1 will not be respon-
Sible for debts contracted by anyone
other than myself
JAMES p SMITH 1892 Park Rd
The Washington times., 1931-09-04
Employment
SITUATIONS wANTED-MALE
HELP WANTED-MALE s.

A COLLECTOR R-SoLICITOR. exp, wanted
also meat cutters: also boy to learn
trade: other positions daily. Apply WASH
ington Business Bureau, 229 Bond Bldg. E.
18th and New York Ave
The Washington times., 1931-06-13
8 { T CHEMICAL
OUTLOOK GOOD

Although the near-term outlook
for the chemical industry is not
satisfactory, earnings continue at
better levels than those Of indus
try as a whole, says the Stand
ard Statistics Company of New
York, in a current survey. This
survey views the long.term pros
poets for the chemical trade with
optimism, pointing out that the
preponderance Of materials, fuel
and power in the cost of produc-
ing chemicals has enabled the in
dustry to reduce costs materially.
The survey continues in part:
"The chemical industry has
been conspicuous for its excep-
tiOnal recuperative powers fol-
lowing previous recessions. We
see no reason why this tend.
ency should not be repeated in
the present instance. Because
of the disconnected nature of
the trade, a mixed trend doubt
less will be witnessed when
and as fundamental betterment
develops. We reiterate that the
depressed leading divisions, such
as welding supplies, electro
metallurigical and Su lp hur,
should be among the first to
benefit from general business
revival.
First quarter income state
ments, recently published, add
further emphasis to the conten-
ton that the domestic chemical
industry is faring better than
the average trade during the
present depression. Even in
foreign trade, one Of the least
satisfactory divisions of the
present general business Situa-
ton, results of the chemical
trade have been relatively salts
factory"
The Washington times., 1931-06-13
POINTS
To NEW LIST
Of EQUITIES
Cites Table Prepared by Firm
as One Offering Good Poten.
tiaIities in Near Future
BY THE SPECTATOR

NEW YORK, June 13,--Owing
to the degree of deflation which
has already occurred in the gen.
eral list, Standard Statistics now
believes it possible to select a
number of equities, selling for SIS
a share or less, which offer bet.
ter than average potentialities
during the next important up
swing.
It should be realized, of course,
that speculative risk inherent in
the majority Of these 1ow-priced
shares is considerably greater
than in the case of standard in
vestment securities
Bendix Favored
Among the stocks favored by
this source are Bendix Aviation,
Borg Warner, Chicago Great
Western preferred, Chrysler, In
ternational Nickel, international
Telephone, North American Avia-
tion, Niagara Hudson Power, and
United Corporation.
The recent break in Alaska
Juneau, and sympathetic weak
ness in other gold mining stocks,
is Of far greater significance than
its mere recital might indicate.
Commodities at Bottom
According to vel Uniformed
quarters, if the decline in this
group means what it says, it is
that commodity markets have
struck bottom.
If that be true, then it Is
altogether likely that the worst
Of the bear market has been
seen, or nearly so.
The rise in gold stocks is logic
ally based on a fixed selling
price Of the product against de-
clining costs Of materials and
labor used in mining.
Costs May Increase
The contrary would mean that
no further production costs are
predictable or that these costs
may increase.
A statistical analysis has shown
that at their recent lows the
common stocks Of six leading
automobile producers had an ag.
gregate stock market valuation Of
$203, ,906,000, compared with an
average valuation of $207, 5000
in 1922.
Recent low prices for these
stocks represented a discount Of
35 per cent from the total net
tangible assets applicable to the
common shares of the company,
and were only 33 per cent in
advance of their aggregate net
current assets.
The Washington times., 1931-06-13
CITES COURAGE
Of BUSINESS

PITTSBURGH, June 13.-The
significant aspect of the cur
rent business reaction is I'VE have
not had any semblance of a fl.
nancial panic" such as charac-
terized previous depresSionS, Rome
C. Stephenson, president of the
American Bankers Association
told members attending the Amer
lean Institute Of Banking here
last night.
Declaring that unemployment
was the greatest problem facing
us today, he said the sooner we
can get our workers back into
jobs on almost any terms 1t will
be better for capital and labor
both.
He added:
"The surest way to bring the
nation out of the depression Is
to raise the pressure Of public
confidence to the point Of be.
coming a dynamic force.
Banking and corporate II.
nance in this period are un-
flinchingIy taking their por.
tiOnS of short ratiOns and en-.
forced seIf.denials that the ma
tiOn's need for readjustment de-
mandS."
The Washington times., 1931-06-13
MERGER PLANS
COMPLIED

Final details as to the details
of the consolidation plan for
Eastern trunk lines are under.
stood to have been worked out
at a meeting held at the office of
General w. w. Atterbury, presi.
dent of Pennsylvania Railroad,
at the Pennsylvania Station late
yesterday.
One or two minor matters re-
main to be settled, but The con-
ferees feel confident that the mer-
ger application will be filed with
the Interstate Commerce Commits
sion within the next 10 days. The
greatest obstacle at present is
the New York Centrals oppoSi-
tion to the Pennsylvania getting
trackage rights over the Nickel
Plate along the south shore Of
Lake Erie, between Brockton and
Ashtabula, Ohio.
1t now seems probable that
the application for increase d
freight rates will be filed next
Thursday. That the merger plan
will be presented to the commits
sion at that time would seem
likely.
The Washington times., 1931-06-13
LEADERS
To MEET HERE
Times Staff Photo

Business and industrial leaders
Of the nation are to be assembled
to discuss the problems involved
in the business depression under
the direction of the Chamber of
Commerce Of the United States, it
was announced today.
The plans call for the organ
ization of a dozen or more COM
mittees of IS or more specialists
in a particular field, to recon.
mend courses Of action to be EN-.
barked upon next falk The studies
will range from agriculture to
transportation, with a close
scutiny of the effects Of govern
r1ent competition" it was an
nounced.
The personnel Of the commit
tee will be named in time to be
presented to the chambers board
of directors at their annual meet.
ing here June 26 and 81. The
committees programs are likely
to be developed in harmony with
plans to be made for the Inter
national Chamber Of Commerce
when the executive committee Of
the American Section, headed by
Silas H. Strawn, Of Chicago, meets
in New York July 9.
One Of the first Of the commit
tees to meet will be the commit
tee on distribution. organized un-
der the Craftsmanship Of Fred
Lazarus, jr. Of Columbus, Ohio,
1t will convene in New York
June IS.