davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-03-09
HISTORY WARNS
Of DANGERS IN
STOCKS
Spectator Analyses IL Bear
Markets Since 1884, Finding
Spring Reactions General
BY THE SPECTATOR

NEW YORK, March 9.-While
the stock market continues to
act without rhyme or reason in
it's daily climb up and down the
price pendulum, upSetting the
prognositcations of even the most
ably informed, it is perhaps bet
ter to ignore the near term out
look of prices for the moment
and review some historical data
which may aid in judging the
current position of the general
stock list.
Assuming that the low levels
of December, 1880, marked the
bottom of the bear market and
that the recent reactlonary
tendencies were indicative Of the
normal secondary decline, it is
interesting to note how the move
ment of prices since mid-Decen-
Der compares with similar periods
in past market history.
Bear Markets Reviewed
In IL bear markets since 1884,
excluding the present, the average
length of time covered by the
initial recovery was three months,
although in three of these
periods, it came to an end in
less than this time.
The present recovery has run
only about two and a half
months, and even during this
period there have been only three
weeks of real advance. So there
fore, if the secondary decline has
already SET in, the recovery has
been uSusualIy short, particularly
after such q long and severe de.
cline, although it is not without
precedent in this respect.
Cites 1921 Decline
While this column has preVi-
ously pointed out that secondary
declines have usually cancelled
10 per cent of the preceding up.
turn, there have been exceptions
to this rule. One of the most
severe secondary declines was
that of May-August, 1921. Fol-
lowing this severe 1919-1920 bear
market, there had been an ir-
regular recovery of about five
months.
Over this period money rates
declined moderately and business
began to improve which led many
observers to believe that the
December, 1920, lows, would not
be broken. Yet the spring and
summer decline carried most
stocks down to new low figures.
At the present time, we are
further advanced in the interest
rate of decline than in May, 1921,
but the important element OF
business recovery has yet to put
in an appearance.
The Washington times., 1931-03-09
Nose For News Leads
Many to Wall St.
Fortunes

NEW YORK, March "a
nose for news has been one
of the big stepping-stones to
fortune in Wall Street. Hun
dreds of newspaper men have
gone from editorial rooms into
brokerage house and banking
institutions and won Their way
upward.
Perhaps the most outstand-
ing example is Frank A. Van
derlip. Vanderlip many years
ago, he is now 81, was a news
paper man, working in Chicago
among other places. His career
was eliminated when he be-
came president of the National
City Bank, from which he re-
tired some years ago.
Another banker who came up
from the newspaper ranks is
Thomas w. Lamont, partner in
j. P. Morgan & Co. Clement
M. Keyes, present head Of
CurtisS-Wright Corp, one Of the
leading factors in the American
aviation industry, started as a
Wall Street reporter.
There are a host Of others
who have done very well by
themselves in the Street.
The Washington times., 1931-03-09
PLUMBING
DEMAND SEEN

CHICAGO, March s.-Reports
from the principal jobbing cen
ters indicate that the movement
of plumbing and heating mate
rials during the past fortnight,
while maintaining a fairly even
pace from one day to the next,
failed to show much in the way
of totals for the period, accord
ing to Domestic Engineering.
Requirements of plumbing and
heating contractors are not suf-
ficiently heavy to give whole
salers any kind Of a stock-turn
and, under these conditions, job
bers are ordering from their
sources of supply chiefly in small
lots to replace material moved
into consumption. Reports indi-
cate that as a general rule future
commitments are scarce.
The Washington times., 1931-03-09
TEXAS OIL
UNSETTL|NG

Troubles of the petroleum in
dustry are multiplying, says
Brookmire Economics Service e,
Inc, in their current bulletin.
Continuing, they say:
"AllOwabIe production in the
Oklahoma City field was re-
Gently increased and actual
output is mounting weekly. The
opening up of a new field in
east Texas is an additional un-
settling factor. Those close to
the situation believe that the
possibilities of a large output
from this territory are likely to
cause a further weakening in
the mid-cOntinent crude price
structure.
The outlook for the petroleum
industry still is discouraging, the
bulletin adds,
The Washington times., 1931-03-09
Business Failures
Audin ShOLU Decline

Business failures for the week
ending Thursday, March 5, as re-
ported by Bradstreet's totaled 458.
which compares with 495 in the
previous week, 481 in the like
week of 1880, 399 in 1929 and 457
in 1928.
OF the number failing this
week 74.4 per cent had a capital
of $4,000 or less, against 1877 per
cent last week and 71.3 per cent
in the corresponding week of last
year. Those with capital Of
$4,000 to $4,000 furnished 17.6
per cent of the total number,
against 1914 per cent last week
and 1862 per cent last year.
The Washington times., 1931-03-09
HIGHER UTILITY
PRICES ALSO
QUOTED
Balance of Market Is Quiet,
With U. S. Steel Sagging;
Other Issues Range Narrow
By w. s. COUSINS

NEW YORK, March 9 GN.Sn
The automobile stocks and the
auto accessories were the leaders
today in a move which carried a
dozen or more to the best levels
Of the year.
Stimulation Of automobile sell
ing by the soldier hOnus and
other factors has attracted a
widening public interest in the
meteor stocks.
Higher prices we're also quoted
for a few Of the utilities, with the
help of the pools, but the rails
and specialties were quiet and in
clined to lower prices.
General Motors Up
Electric Autolite led the acces-
SorieS with a 6-point jump to
73A. General Motors reached a
new high on the move at 45Kl
and Chrysler at 25A. Auburn
pushed ahead points to 1877.
Nash, 'Studebaker and otner we'll
known motor stocks advanced a
point or more in active trading.
United Corporation, which has
doubled itself in market value
since the break in December,
reached new high on the move
at >295s, Wall Street heard that
the objective of the powerful pool
behind this stock was go or
better" at which price new stock
might be offered.
Consolidated Gas, Niagara Hud-
son Power and other powerful util-
ity corporations are believed to be
negotiating a deal linking the
power and light business Of the
greater city of New York with
the strong upstate cities.
Other Groups Quiet
Outside of these two groups the
market was quiet and featureleSs.
United States Steel sagged under
146. Westinghouse and General
Electric revolved in narrow price
circle. Rails opened slightly
higher, but fell back in the second
hour.
Cotton and grain were steady,
with wheat about cent bushel
higher, and call money un-
changed at IL per cent.
The Washington times., 1931-03-09
WASHINGTON STOCK EXCHANGE

Capital Traction IS, $4,000
81A.
Washington Gas IS A, 5000
1924.
Washington Railway and Elec-
trio pfd, 1O@9SH, 1O@9814, 100
98A, 90981a.
AFTER CALL
Potomac Electric Cons SIS,
$1,0OO@10224, $1,OOO01O2A.
Public Utility Bonds Bid Ask
Amer Tel & Tel 4hs SO. .I1O1 T.,...
Amer Tel & Tel AIS 80. i13O 800.
Amer Tel & Tel Ctl Tr 5si1O6 go.
Anacostia & Pot RR 5s.... 81 "a
Ana & Pot Guar 5s...... "a 81
& Tel of Va 5s...... i1O2h I1O4
Cap Traction RR 5s...... S1A So
City & Suburban. 5s.... so .....
| Georgetown Gas 1st 5s... 1924 1O5
| Potomac Elec Cons s....l1O21a lO3
Potomac Elec IS. s...,..:.. j10812 .....
Wash Alex &c Mt Yer ctl. 2 .....
| Wash BALTIC & An 5s.... IS 26
| Washington Gas 412s..... 99$ 100
| Washington Gas 5s...,.,.. l1O41a l95
| Wash Gas IS series Az. 1919 ltO2A
| Wash Gas IS series b., l1O41at t106
| Wash Ry Ell 4s....... 81 81
| Miscellaneous Bonds
Barber & Ross Inc Shs ..I 50 ..,..
Chevy Chase Club SIS ..l1OO 80.
Gel Country Club bhs "I5"l10O l1O1 y
The Washington times., 1931-03-09
Southwest Outlook
On Trade Favorable

HOUSTON, Tex, March 9.-Fa-
vorable outlook on business condi-
tions nthe Southwest was given
before the meeting of the South
west Shippers Advisory Board.
Reports from committees en-
gagged in hnadling of 20 commodl-
ties indicated but slight change
in traffic volume. i nthe second
quarter this year as compared with
corresponding 1880 period.
The Washington times., 1931-03-09

Ex-dividend.
c50c extra:
The Washington times., 1931-03-09
APPRAISE RICHFIELD

Stone & Webster Engineering
Corporation has been engaged to
appraise properties Of the Rich
field Oil Company of California
and its Eastern subsidiary, the
Richfield Oil Corporation of New
York.
The Washington times., 1931-03-09
WOMAN TAKES POISON

Mrs. Mary Groves, So, yesterday
was given first aid treatment by
the fire rescue squad for poison
which she swallowed by mistake
in her home in the HOO block
w st. N. w.
The Washington times., 1931-03-09
STAMP MILL OPENED

HOUGHTON, Mich, March 9.
Calumet & Hecla's auxiliary
power plant at Ahmeek stamp
mill has been completed at cost
of Isl, 500, 900, and is in operation.
The Washington times., 1931-03-09
GET NAVY AIR CONTRACT

Great Lakes Aircraft Corpora
ton has received a contract from
the United States Navy for con-
struction of 80 bombing planes, it
is announced.
Imperial Valley press., 1931-06-17
ATTORNEY SEEKS
new TRIAL FOR
CONVICTED MAN

When a jury convicted Clifton
Griffin of contributing to the de-
linquency of a minor, it acquitted
him, according to Ernest r. Utley,
attorney, who filed a motion for new
trial of Griffin yesterday afternoon.
Several other grounds, including
misconduct by the jury and wrong
full instructions to the jury by the
court are cited in the motion for
new trial
Utley contended that acquittal OF
Griffin on a more serious charge
absolved him of the lesser charge,
although the jury found him guilty
The allegation that Griffin was
acquitted when he was convicted
was made in a motion in arrest of
Judgment, in which the attorney
asked that no sentence be passed on
Griffin.
The motion for new trial Is
based on the grounds the jury re-
ceived evidence out of court, the
jury separated without leave of the
court after retiring to deliberate,
certain members of the jury were
guilty of misconduct during the
trial, the court misdirected the jury,
the verdict was contrary to law and
evidence, and new evidence of Grif-
fins innocence has been procured
by the defense.
Imperial Valley press., 1931-06-17

that sound, hop as fast as you can
and hide under a log or in a hol-
low tree. If you don't. the owl may
catch you and Mr.. To Woo is very
fond of little rabbits"
Does he always sing that funny
way when he is chasing rabbits?"
asked Jangle, who was Jingles twin
sister.
mo" her father said. Mr.. To
Woo hardly ever sings in the day
time, and not often at night. In
fact. you need not fear Mr.. To Woo
in the day time, for owl birds see
best at night. That is when they
do their hunting. So if you hap
pen to be out in the early evening
or late at night and you hear that
song and if you see two, big, round
eyes looking at you from the bushes,
run as fast as you can and hide.
If you don't, Mr.. To Woo may catch
you"
rs he Chinaman owl bird?"
asked Baby Bunty. His name is
like the ones we see on Chinaman's
laundry windows"
mo, this owl isn't Chinese said
Uncle Wiggily with a laugh. But
there may be owls in China for all
Imperial Valley press., 1931-06-17
Not 'Slickers'
Just Stubborn

They looked like a couple of city
slickers," all dolled out in coats and
vests. collars, ties, and gloves too
b'gosh.
But they weren't city slickers".
One was Allen B. Bixby, director of
military and veterans affairs, and
a member of Governor Rolph's cab
met, and Dick ,<t.rSzell, land in
spector for the veterans welfare
bureau.
They are here making a survey
of homes and ranches on which the
state has loaned money to veterans,
and Bixby dropped the informa-
ton that about 10 per cent of the
money the state has invested in vet
erans' ranches is in Imperial VAL
ley land.
Bixby, former state commander
of the American Legion, is well
known to ex-service men here. Sug-
gestions that he go native" and
shuck the outer garments of the
effete coast, made no impression
upon him, he stuck to his clothes
and his clothes stuck to him. Ditto
Comrade Hartzell.
They will be here for a few days
and will interview number of
valley veterans who have received
state aid.
Ca,Aaa.S
Imperial Valley press., 1931-06-17
Bedtime Stories
By HOWARD E. CARRIS
Copyright, 1928, by Mcclure
Newspaper Syndicate
UNCLE WIGGILY AND THE BIG
EYES

One night, when Uncle Wiggily
had finished telling his little bum
ny boys and girls a bedtime story
in his hollow stump bungalow there
was heard a strange noise outside.
1t was as If a voice had called:
ITO Wool To Wool To Wool
Whats that?" asked Baby Bum
ty, the little orphan rabbit who
lived with Uncle Wiggily. rs that
somebody footing an auto horn?"
That is no auto" said Uncle
Wiggily, looking at the doors and
windows to make sure they were
locked. That was old Mr.. To Woo,
the big owl bird"
What's he making that funny
noise for?" asked Jingle.
He may think he is singing" her
bunny father answered. But when
you are out in the woods and hear
Imperial Valley press., 1931-06-17
Published by
IMPERIAL VALLEY
PRESS. INC.
LENGTH NOT ESSENTIAL
w. c. COSTELLO
Manager

Having commented several times in
the past on modern absurdities-mara-
thon dancing, tree sitting and flag-pole
sitting, we do not think it amiss to add
to the condemnation given them, another
gross absurdity which has made its ap-
pearance in recent weeks.
We refer to the long distance preach
ing being INDUCED in by some minister's
One clergyman back in the middlewest
delivered himself of lengthy sermon
and appears to have taken some pride in
his ability as long-winded exhorter.
Immediately another took up the chal-
lenge to his vocal powers and then de-
cided to exceed the mark The latter
gradually reached u hours, then Is
hours and we think that is the present
record.
But a Los Angeles minister has adver-
tised that he plans to go right around the
clock without stopping.
These things would be ludicrous if
they did not bring religion into con-
tempt, and bringing religion into con-
tempt is very serious matter. 1t is
particularly grievous when those who
invite the contempt are the very ones
who should be doing all that they can
to uphold the cause of religion, which in
get.
1t is only fair to point out that the
few who offend in this manner are very
small minority. The great majority of
our ministers are well aware, not only
of the sanctity of their calling but of its
dignity. And it is showing neither sane
tity nor dignity to enter into competition
to see who can deliver the longest SER
mon.
The great scholar st. Augustine said
all that is necessary to say can be said
in Is minutes After that it is the man
himself and not the word that is talk
ing.
Certainly one of the greatest sermons
ever given, delivered on a mountain, can
be repeated in less than five minutes.
And it might be we'll for these notorlety-
seeking ministers to repeat it, and then
sit down to think over its contents, IN
stead of straining their voices. 1t has a
certain passage about meekness which
they would do we'll to study.
Come to think about it, the navy crew
probably ordered that rain on the Hud-
son river yesterday.
Imperial Valley press., 1931-06-17
Seeley Girl Weds
Local Resident

Miss Vivian Womack, daughter OF
Mr.. and Mrs. w. Womack Of Seeley,
and Frank Smith Of FL Centre were
united in marriage at Yuma Mon
day afternoon of this week.
The bride is a graduate Of Cen
tral Union High school and the
bridegroom attended San Diego
High school. He now is employed at
the Imperial Valley Hardware store
in this city.
Mr.. and Mrs. Smith will make
their home in FL Centre.
Imperial Valley press., 1931-06-17

This picture comes highly recon-
mended by the critics as a perfect
vehicle for Miss Gaynor's winsome
personality and one to which the
whole family may go and enjoy.
Special groups in various towns
of the valley are arranging to at
tend this show in a body. Blocks
of tickets for these parties may be
obtained from DR.. o. H. Van Eman
or Charles Jobes in FL Centro, Har-
~ Koehler or Les Adams in Braw-
ley. and NJ. M McIntire in Imperial.
Legionnaires and Auxiliary men,
bers who will sell some of these
tickets will be able to obtain them
from these comrades.
Imperial Valley press., 1931-06-17
PARTIES
PLANNED TO AID
CAMP FOR BOYS

The Forty and Eight Society OF
the American Legion will hold
theatre party at Fox Imperial IN FL
Centre Thursday and Friday, June
Is and 26. The proceeds from this
affair viii be used for rehabilita-
ton work and the first call on the
fund will be made to support the
BOYS Preventorium Camp at Hipass
which is being operated by the An
ti-Tuberculosis association and the
American Legion.
Tickets for any of the four shows
played on the two days may be OBJ
tanned from members Of the 40-8 or
$40. The picture will be Daddy
Long Legs with Janet Gaynor and
Warner Baxter in the leading roles.
Imperial Valley press., 1931-06-17
OTTER TRIO LIKES BOTTLE

MEMPHIS. U.H = Three young
otters. discovered by Howard Cren-
shaw while picnicking near here and
which were raised on bottle. fol-
low him about the house and yard
like puppies. The otter is almost ex-
tinct in this section of the coun-
try
Imperial Valley press., 1931-06-17

Mexicali, after being in a state
of comparative quiet for two weeks,
again is furnishing war excitement.
Madero royalists are planning to
take the town from "liberalist" in
surrectos and have organized for
this work. Senor Guyaga is the
leader.
Imperial Valley press., 1931-06-17
MONKEYS PLAY COWBELLS

RACINE, Wis. U.P)-Because the
twenty-five colonists in Monkey
Island at the Racine Zoo have ex-
hibited unusual musical tendencies,
a set of chimes-one cowbell to a
branch-will be installed in a tree
there. Vigorous shaking OF the
branches, heretofore wasted, soon
will be translated into harmonies
such as only cowbells and monkeys
can produce.
Imperial Valley press., 1931-06-17
TEN YEARS AGO
June II 1921

The stretch of Willie pavement
between Calipatria and Brawley is
nearing completion. 1t is expected
to be completed within two weeks.
The concrete highway from Braw-
ley which is to connect with this
strip is being rushed.
Imperial Valley press., 1931-06-17

Although the volume of water in
the Colorado river is increasing
steadily, the water level at the Ock-
erson levee was lower today than
for several days, indicating that the
river is securing below the leyee.
Imperial Valley press., 1931-06-17
DANGER FOR COLORADO
AUTOISTS

DENVER, W.P)-A tip for tour
lists who may pass through Colo
rado on their motor tours is that
the Colorado Supreme Court has
ruled that unless they slow down or
stop until their vision clears when
blinded by the lights Of an APP
preaching automobile they are gull
ty OF contributory negligence In ac-
cidents.
Imperial Valley press., 1931-06-17

Holtville and Calexico are to have
an argument concerning the road
to the Sandhills. Holtville now has
the road and Holtville is accused Of
trying to get it away.
Imperial Valley press., 1931-06-17
Looking Backward
What the Press Files Tell Of
Imperial Valley for This Date
In Past Years
TWENTY YEARS AGO
June IL. 1911

Trustees of the Bard school dis
trict are advertising for bids for the
construction of a new frame school
house. A bond issue of $1,000 was
voted by the district to be used for
building purposes.
Imperial Valley press., 1931-06-17
FIFTEEN YEARS AGO
June II. 1916

FL Centro merchants today are
to decide concerning a plan to de-
clare a holiday July 3, to give both
clerks and managers an opportun-
ity to take a trip to the mountains
or coast.
Imperial Valley press., 1931-06-17
RIOT CALL REVEALED BEER

PHOENIX, Ariz.. U.P)-Someone
turned in a fake riot call the other
night, but the trip was not in vain,
as police found 20 cases of beer
stored in the vacant house to which
they had been directed.
Imperial Valley press., 1931-06-17

Twelve thousand Jeffrey pine
trees in Lassen County were tapped
last year for heptane, used in shaw
ing creams, chewing gums, etc.; and
worth $50 a gallon.
Imperial Valley press., 1931-06-17
NEVER WAS TARDY OR ABSENT

SAYRE, Okla. U.P)-Eieyen years
of school without being absent or
tardy is the record held by Maui
rine Harmon, who was graduated
from high school this spring. She
finished the Il years OF high school
end grade work in eleven years. In
addition. her school work was of
such merit that she was not re-
quired TO take final examination
all through her school days.
Imperial Valley press., 1931-06-17

Our mistake-it doesn't look as though
it will take Uncle Sam II years to jail
Mr.. Capone.
Imperial Valley press., 1931-06-17
Issued Daily, Except
Sundays. Entered at the
Post Office, FL Centre,
Calf, rs Second Class
Matter.
June II, I775

Just handful of farmers, small shop
keepers and mechanics, standing on a
hill 156 years ago today, made history
by repulsing the flower of the British
army three times, giving way eventual
ly only when their ammunition was ex-
hausted.
Bunker Hill does not loom so large
as battles go, but its Importance in Am
eriean history cannot be exaggerated
1t was the first time an American army
had been assembled to test its strength
against the British forces Lexington
and Concord had been fought a few
weeks earlier, but they were little more
than skirmishes.
The army at Bunker Hill was not much
as we know modern armies, but what it
lacked in numbers it more than made up
in resoluteness and determination to de-
fend its homes from British oppression
On that June morning the British
learned that the colonies were not to be
over-awed like sheep and that their un-
trained forces were more than a match
for the kings military machine.
They We're to learn the lesson many
times before they finally admitted its
truth, but never more dramatically nor
emphatically than at Bunker Hill. There
were many times between Bunker Hill
and Yorktown when the valor of the AM
orleans was open to question, but there
is no doubt about Bunker Hill.
When told how the Americans had
stood their ground, Washington, on his
way to take command of them, said ''The
liberties of the country are safe. Had
he continued to get the same kind OF
support that was given at Bunker Hill it
is certainty that Yorktown would have
come much sooner than seven years al
terward.
Give Herbert and Cal credit for per-
forming excellently in difficult spot.
-O-
Our mistake-it doesn't look as though
it will take Uncle Sam II years to jail
Mr.. Capone.
Belgium, down and out 10 years ago,
and now the little girl comes over and
beats all our beauties and few from
the rest of the world. Ray for Belgium.
--U--
Depression must be nearly over-the
girls are wearing two ear rings again
Imperial Valley press., 1931-06-17

Give Herbert and Cal credit for per-
forming excellently in difficult spot.
Imperial Valley press., 1931-06-17

The state contemplates building a
ground-level highway across the
Yolo Basin to relieve traffic on the
dangerous causeway.
Imperial Valley press., 1931-06-17

Belgium, down and out 10 years ago.
and now the little girl comes over and
beats all our beauties and few from
the rest of the world. Ray for Belgium
Imperial Valley press., 1931-06-17

Depression must be nearly over-the
girls are wearing two ear rings again.
Imperial Valley press., 1931-06-17

Read the Classified Section.