davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-06-30
PUBLIC WARNED.
To Be CANNY
BY HANEY
Old Army Game Being Played
in Wall Street Now to Lure
UnWary, Ayers Economist
Commission.
BY LEWIS HANEY,
Director New York University, Bureau
Of Business Research and Former
Economist Of Federal Trade

Last week the stock market
moved up every day but one. The
closing on Thursday was off a lit
tie, but the range for the day was
up. The weeks total Of more than
1000, 900 shares is a large vol
ume for these tirnes-close to a
1900, 900 daily average.
The averages based on a few
popular stocks Jumped IL to IA
points. An average of 100 stocks,
however, gained 6 points. Another
Of 687 stocks was only 3 points
higher.
Mostly Short Covering
The great majority shared in
the rise, but the old favorites
were the ones to show wide move
ments.
The outstanding fact is that
this extraordinary sharp rebound
the leading issues is plainly short
covering for the most part. The
market had got badly OverSold, as
it always does after such a long
spell Of bearishness.
The bears, big and little, were
short" for millions of shares.
They had been pyramiding down,
just as the bulls had increased
their buying in 1929 on the basis
Of paper profits.
Bullish professional traders
know just where the short &C
counts are. They have been buy
ing the stocks in which the bears
are short. AS the shorts try to
buy for covering purposes, they
have to bid high.
Must Inveigle Public
My guess is that actual covering
purchases by short and profes-
sional or Semi-professional buying
for the purpose of running in
the shorts, is 80 per cent of this
market.
This move has plainly reached
the stage where "the public" must
be drawn in or it will fail, SO you
are going to be tempted to specu.
late again.
Wild and ridiculous rumors are
being manufactured in Wall Street
running from mergers to prohibi.
ton. Pools are working, and the
old army game of switching activ-
lty from group to group is appar.
ent.
The wise trader will be taking
profits from now on, and wise in
veStors will await good reaction,
The Washington times., 1931-06-30
CURB LIST SACS
LAZ|LY LOWER

NEW YORK, June 80. QN.S)
Curb stocks drifted idly down the
line today.
Commonwealth Edison dropped
back 3A points to 20412, Ameri-
can Gas and Elec off 21s at 66.
American and Foreign Power
warrants off 17s at 1879. Elec-
trio Bond and Share off ia at
41A. Electric Power & Light
warrants off 32s at 81, and
United Light & Power off l at
225s. Cities Service sagged
steadily to 1925, off 1s from its
previous close.
Gulf slumped sharply in the
oil list, falling to 5612 for loss
of 42s points before steadying.
Other oils were sympathetically
affected with declines of frac-
tional proportions sustained in
Standard of Indiana. Standard of
Ohio, Vacuum and Socony-Vac-
uum.
insult Utility investments again
proved vulnerable, dipping 19s
points to 313s. Aluminium was
the pace-setter in the sell-off of
the specialties, falling 512 points
to 1919. Other weak spots in
cluded Mead johnson which was
off 2 points at 90, and Great
Atlantic and Pacific stores which
sold off a point to 200.
Curb bonds held comparatively
steady.
The Washington times., 1931-06-30
CARE IN NAMING
BENEFICIARY
IS URGED
Insurance Policy Should Be
Written to Protect Widow
And Children Completely
BY FRANK F. LOOMS


Too much care cannot be ex-
ercised as to the beneficiary
clause by an applicant taking
out life insurance.
AS a rule, a man makes the
policy payable to his wife, and
in case of her prior death to
his estate. If he reserves the
right to change the beneficiary
without his wife's consent a
creditor could compel him to
change the policy and make it
payable to his estate and attach
the cash surrender value or pro-
ceeds of the policy.
The insured can, however,
insert a clause that the bene-
ficiary cannot be changed with
out her consent, and no Credi-
tor or referee in bankruptcy
could touch it.
Contingent Beneficiary
It is advisable to name a con-
tingent beneficiary in case the
wife should die before the in
sured. In other words, a man
can make his policy payable to
his wife and, in case of her prior
death, to his children or to any
other he names.
Recently a man lost practically
all his money in the stock crash,
as we'll as his position. He had
borrowed considerably during his
stock speculations which, of
course, he was unable to pay. He
had a family of three young
children and his wife. His life
insurance policy Of $25,0O0 was
made payable to his wife and in
case of her death before his, to
his estate.
He and his wife were killed
in an automobile accident. Both
were taken to the hospital i'm.
mediately after the accident, but
the wife died on the way. The
husband died about an hour later.
Children Left Destitute
The life insurance policy Of
$25,000 therefore reverted to the
estate because he had not time
to reassign it to his children.
His creditors Immediately at
tached the policy and took every
dollar, leaving the three young
children destitute. Had they
been named in the policy when
it was written as contingent bene-
ficiaries in case of the wife'S
previous death, they would have
received the full value Of the
policy and the creditors would
have been shut out.
The story brings out a point in
the purchasing of life insurance
which 7 believe every agent
should explain in detail to an ap-
plicant and which I am sure will
be appreciated by him, particu,
larly as the average holders of life
insurance policies do not under
stand a matter of this kind.
Holders of practically all life
insurance policies can have the
beneficiary clause changed, as ex-
planned above, at any time by
applying to the company carrying
his insurance.
The Washington times., 1931-06-30
DENIES WATSON
DEBT PARLEY

CHICAGO, June 30 G.N.s).-
Norman Waldeck. vice president
Of the Continental Illinois Bank
and Trust Company, denied to-
day that he had attended a con.
ference of Chica 20 bankers at
which Senator James E. Watson
proposed the one-year debt mora
torium, now the object of inter
national relations. He declared:
"The story is ridiculous"
According to reports originat-
ing in New York, Waldeck, Philip
r. Clarke. of the Central Trust
Company; Harley L. Clarke, presi-
dent of Fox Film Corporations,
and other leaders of the Middle
West. met in Chicago and dis
cuSsed Senator Watson's plan.
They approved it, and President
Hoover was informed, according to
the report.
The Washington times., 1931-06-30
MAKES
BIC GAS SALES
INCREASES
Operators of Local Utility
Also Report Steady Gains
In Demand for Electricity

An accelerating rate Of Inn
provement in gas and electricity
sales, indicating corresponding
gains in general business activity,
and reversal of the normal
seasonal downward tendency in
electric consumption. are revealed
in the latest operating reports Of
Central Public Service Corpora
ton, Chicago, operators Of the
washington Gas Light Company,
covering periods up to May 81.
Good Gain in May
Electricity sales for May were
larger than in April, totaling
46,431,725 kilowatt hours against
46,300,722. The percentage of de-
crease from the comparable period
last year was also smaller. May,
this year. was 1893 per cent be-
hind May last year, whereas in
April the decrease from the same
month in 1880 was 3.02 per cent.
Sales for the first five months
Of 1881 were $40 per cent behind
the first five of 1880, and for the
IL months ended May 81 this
year were 1922 per cent lower
than for the preceding IL months.
Gas sales, influenced by sew.
eral particularly favorable fac
tors, showed a more than normal
increase and the same accelerat-
ing trend. Sales for the month
were 20.89 per cent larger than
last year, contrasted with a gain
of 1854 per cent for the five
months period and 6.73 per cent
for the IL months.
Detailed Figures
Detailed sales figures for the
Central Public Service operating
properties in 1881 and 1880, re-
spectively, excluding Canary Is
land companies and irrespective
Of dates Of acquisition, follow:
Electricity sales in kilowatt
hours, May, 46.431,725 and A..
347,155; five months ended May
81. 237,717,604 and 246, los, ,499;
IL months ended May 81, 570,.
S70,401 and 539,911,914.
Gas sales, cubic feet, May,
1,274,147,500 and 1858, ,983, 800:
five months ended May 81,
6,796,919,700 and 5,877, sos, 800;
IL months ended May 81, H..
291 1882, 800 and 3,389,526,200.
The Washington times., 1931-06-30
COTTON GOODS

NEW YORK, June 80 QN.SO.
Gray cloth markets were quiet
today. The easier market in the
raw staple and the heavy buying
of the last week both contributed
to bring about dull condition.
Prices, however, we're well main
tanned. Number of small buyers
were interested in $4,000 to 100,-
000-yard lots and entered bids at
less than market prices, but with
out success. Larger operators
were not interested either be-
cause of purchases last week or
the fact that they still felt buy
ing was not justified by demands
or prospects for finished goods.
The Washington times., 1931-06-30


the District-Maryland line. In
Stallation of improved storage
batteries in the West central Of
flee also are authorized.
Included in this appropriation
is the routine construction estl-
mate for the third quarter, un> r
which extensions wiz he made to
the underground conduit and
cable system, central office equip
ment and telephones and private
branch exchange switchboards.
Operating Income
Telephone-operating revenues for
May amounted to $786, 1929, the
report filed with the Public Utili.
ties Commission shows. Total
operating income after deducting
taxes and uncollectible was
S2O6, ,697.
Telephone operating revenues
for the five months ended May
81, amounted to 1886, ,684, as
compared with $3.615,744 for the
same period last year. Total
operating income after deducting
taxes and uncollectible for the
first five months of this year
amounted to $942,513, as COM
pared with $7O6,981 for the first
five months of 1880.
Balance net income in May
was $151,595. Balance net in
come for the five months ended
May 81 amounted to $742, 100. as
compared with $541,882 for the
same period last year.
May Taxes S56,214
Taxes in May were $56,214, as
compared with $49,123 for the
same month last year. Taxes for
the first five months of this year
were $278, 400, which was an in
grease Of $40,431.
Capital expenditures for new
plant and equipment added to the
company'S system in the District
of Columbia for the five months
ending May 81, amounted to $780,
524. Gross retirements during
this period were $3.50, ,343, making
net additions $4O2,181. Net addi-
tions to plant for the IL months
ending May 81 were $911, ,499.
Washington was served by 172,-
474 telephones on May 81, 1894
having been added to the system
since January l. In May, tele-
phone users made 19,471 900 calls,
which was an increase of 5.3 per
cent over those made in the same
month of 1880.
The Washington times., 1931-06-30
Freight Rate Rise
On Cotton OppOsed

The American Cotton Co-opera-
tive Association has adopted
resolution protesting against any
increase in the freight rate on
cotton, E. F. Creekmore, vice
president and general manager
announces.
Seasonal pool cotton handled
by the Association totals about
100000 bales, he said. It is
this cotton which the co-opera-
tive is holding for a better price
by the process of acquiring fu-
lures when it makes sales.
The Washington times., 1931-06-30
Chicago Reports
Better Business

Rising commodity prices and
an upward movement in the
security markets injected better
feeling in Chicago's retail and
wholesale markets during the
past week, according to Chicago
Association of Commerce. While
both wholesale and retail mar
ketS were quiet, there was an
outstanding demand for summer
wearing apparel and sports &C.
CeSSorieS.
Real estate brokers reported
larger demand for store and
factory leases. reflecting expan.
sion on part of certain businesses.
The Washington times., 1931-06-30
Mass Consumption
To Aid Prosperity

Mass production must have
mass consumption for national
prosperity, and only by placing
necessities within the reach Of
the general public can our coun-
try gear up it's production struc-
ture so as to bring about bal
anced economic conditions, is the
opinion of Morgan j. Hammers,
vice president and general man
ager of the Petroleum Heat and
Power Company. He says:
prosperity is returning only
to such extent as our indus
trial leaders recognize this and
make the necessary adjustments
to bring it about"
The Washington times., 1931-06-30
PHONE SYSTEM
IMPROVEMENT
AUTHORIZED
Board Appropriates $506,40
For Betterments; Revenue
For May Listed at $786,329

Additions and betterments in
Washington, authorized by the
board Of directors of the Chesa-
peake and Potomac Telephone
Company at its regular monthly
meeting today, involve expendi-
lures of $506,405 This brings
the total so far this year to
$2,551,59O, according to John A.
Remon, general manager.
Northwest CcnduitS
The projects authorized include
underground conduit and cable
extensions in the Cleveland and
The Washington times., 1931-06-30
50 N. Y. Stocks Gain
NenrLu TLuO Billions

The market value of so repre-
sentative stocks on the New York
Stock Exchange at the close of
the week ended June 81, 1881,
was $17,92O,6O3,553, an increase
of $l,849, ,232, 2,004 or approximately
11.51 per cent over the value of
$16,071, ,371 $40 at the close of the
preceding week. according to a
compilation by Paul II. Davis g.
Co., members of the New York
Stock Exchange.
This compares with $685..
819,031, the value of the shares
at the close of the corresponding
week in 1890.
The Washington times., 1931-06-30
LGnsburgh's Annual
Picnic Plans Made

Lansburgh's Mutual Relief AS
Sociation's thirteenth annual
picnic will be held at Casa Del
Rio, ON South River, Saturday,
July IL. Seven committees,
headed by T. H. Mullenberg, gen.
eral chairman, are making every
effort to make this picnic the
best of it's kind.
The program includes many
amusing features, such as women's
rolling-pin contest, wrestling
match, bathing-beauty contest,
pie-eating contest, balloon race,
and many others.
The Washington times., 1931-06-30
New England ShOws
Manufacturing Gain

Manufacturing plants in the
United States as whole during
this year have not increased &C
tivity at as rapid a rate as have
New England plants, points out
the National Shawmut Bank Of
Boston in its June summary OF
New England business.
Since the first of the year, it
adds, New England has demon
strated the sensitiveness of its
major products to consumer de-
mand by continuously stepping
up in the production Of goods
classified as necessities.
The Washington times., 1931-06-30
COAST WHALERs QUIT

No whaling operations will be
carried on in North Pacific waters
this year, companies with head.
quarters in San Francisco, Seattle
and British Columbia all having
decided to withdraw from the
field, due to current low prices
Of whale oil. Competition of Nor.
wegian whalers is given as the
reason.
The Washington times., 1931-06-30

u e o 7 g ! a
central Of
flee areas
to provide
q d d itional
facilities in
the vicinity
of u Upton
Street, east
of Connect
icu t Ave
nue., North
w e s t and
w is consin
Avenue and
r h ir t y
I o il r t h
Street to
Hall Place..
q n d along.
K e n n e dy
Street, east
of Georgia
The Washington times., 1931-06-30
FARMS DECREASE

The number of farms in illinois
decreased from 225,601 to 2l4,596
in 1880.
The Washington times., 1931-06-30

Fix the car for your summer vaca-
tion trip many Automobile Re-
pair Services are listed today in the
"24-Hour Service Directory" published
in the Classified Section.
The Washington times., 1931-06-30

Youngstown Steel
Work Holds Level
Youngstown district steel opera
tions this week are unchanged
at Al per cent of capacity.
The Waterbury Democrat., 1931-08-20
Insurance

FURNITURE MOvING-Expressing Rugs cleaned. Prices very reason able. A. D. Gatling, 22S Abbott Ave Dial 3-4594.
The Waterbury Democrat., 1931-08-20
LOCAL BOYS PLAY TONIGHT AGAINST
 CITY ALL-STARS

When the Wingdale hospital nine of New York makes it's debut at Hamilton Park tonight at 6 o'clock in a benefit game to swell the "On to Cleveland Drive," sev- eral familiar faces will be seen in their lineup against the City league All-Stars.
 Harry Melvin, former Sacred Heart outfelder; Mickey Hayes, ex-Tribune shortstop; Billy Sheehy former Thomas club second sacker; "Beals' Becker, ex-Thomas club and Pennsylvania college third baseman; "Yama" Bradshaw, former Eastern leaguer and Trib- une catcher and Egbert Johnson, ex- Brassco spitballer, will be seen with the visitors.
 The All-Stars will take the field with Joe Doyle. "Hefty" Michigan and Tom Purcell ready for slab duty, Jack Mahaney and Ev Mur- phy behind the plate, Ray O'Toole first, Alex Mazzarella second, George Langlois third, Larry Null len short, Turk" Flaherty left, Razor" Doran center and Johnny DeVito right. Ray Ahearn, Bobby Cavanaugh and few other stars will also take part in the contest.
The Waterbury Democrat., 1931-08-20
8-26-3t

DISTRICT OF WATERBURY,, Pro-
 bate Court, August 20, 1881.
 ESTATE OF Joseph Gottlieb, late of Waterbury, in said District, de- ceased:
 Pursuant to an order from the Court of Probate for said district, there will be sold at public auction to the highest bidder on the 22nd day of August, 1891, at two o'clock in the afternoon, D. s. T., the fol- lowing real estate of said deceased, situated in the Town of Waterbury and located at 62-66 Scovill Street, to wit: ~,
 That certain piece of land with buildings thereon standing, bounded and described as follows:
 NOrtherly, 40.25 feet more or less on Scovill Street;
 EnsterIy, 100 feet on land now or formerly of St Cecilias Parlsh
 southeriy; 4o.25 more or less on land now or formerly Of F. M. Perry; and
 land now or formerly of Mary A. For a more particular description of said land, see deed recorded Tn Volume 426, Page 153, or the wa terbury Land Records.
 Said sale is to take place on the premises, terms to be made known at the time of sale.
 THE MERCHANTS TRUST COM s-2o-2t
The Waterbury Democrat., 1931-08-20
NOTICE

ALIEN JONES. of Waterbury.
 Plaintiff,
 NEIL JONES, formerly of Water
 bury. now gone to parts unknown. sflst STATE OF CONNECTICUT. New
 Haven County, ss. Waterbury August 17, A. D. 1881.
 UPON THE COMPLAINT Of the said Aileen Jones praying for req sons therein set forth for a divorce, made returnable before the Superior Court in and for New Haven Coun- ty at Waterbury, to be held on the first Tuesday of September, A. D. 1881, 1t appearing to and being found by the subscribing. author ity that the said defendant has gone to parts unknown; therefore,
 ORDERED, That notice of the pendency of said complaint be given by publishing this order in the Evening Democrat, a newspaper printed in said Waterbury. 3 days successively, commencing on or be- fore the 18th day of August. A. D. 1881. by some proper officer or in- different person who, with his do- ings thereon indorsed. shall make o'' GEORGE H. FREEMAN. Clerk of the Superior Court for
 New Haven County at Waterbury. 8-1S-3t
The Waterbury Democrat., 1931-08-20
SOCKS WASHINGTON FOR
 DOUBLE SETBACK
BY l.. s. CAMERON United Press Sports Editor)

New York, Aug 20-(UP)-Wal- ter Johnson and his Washington Senators. to-day could not be &C., cused of faint heartedness if they openly abandoned all hope of over taking the Philadelphia Athletics.
 Thirteen games behind with but 39 to play, the Senators would face an almost impossible task even if the Athletics were playing nothing more than mediocre baseball. With the Athletics apparently gaining momentum as season progresses there is nothing for the Senators to do but to plan for next season.
 The Senators received a severe setback yesterday. losing a double header to Cleveland, 10 to and 10 to 8, while the Athletics were de- feating Chicago. 4 to 2 to add l 1-2 games to their already imposing lead.
 On the Nose
 Cleveland pounded six Washing ton pitchers for a total of 25 hits.
 Lefty Grove was the hero of Philadelphia's victory. scoring his 16th successive triumph and his 25th victory of the year in holding Chicago to seven hits. The victory gave Grove a tie with Joe Wood of Boston and Walter Johnson of Washington for the American League record of 16 successive pitching triumphs.
 Ralph Kress and Irving Burns batted St Louis to 6 to victory over the New York Yankees. Kress collected three hits, one of them a L <N d,,tx i., thrAn n n nd Burns seventh inning triple with the bases loaded, followed by a clean theft of home accounted for the remaining tallies.
 The Detroit Tigers became the first team to be mathematically el- minated from the pennant race when they dropped 9 to 8 verdict to Boston and fell 39 1-2 games behind Philadelphia with but 3S games to play.
 Split Two Games St Louis National League lead was cut to g games as the Cards divided a double bill with Phila- delphia, losing the first game to and winning the second. 8 to 4. Eight hit pitching by Ray Benge and the hitting of Dun Hurst who drove in two runs and scored an- other gave Philadelphia the first game. St Louis clinched the second with a five run attack in the first ! inning.
 The New York Giants moved into second place with two point ad- vantage over the Chicago Cubs by beating Cincinnati, to 5. Brooklyn errors gave Chicago a 4 to 1 victory in the first game of a doubleheader but the Robins gave Dazzy Vance a 5 to 3 triumph in the nightcap. Pittsburgh and Boston were kept idle by rain.
The Waterbury Democrat., 1931-08-20
Announcements
Lost and Found

skin wallet. lost be- tween Y. M. c. A. and cor West Main and Willow Sts. Reward. Dial 4-7397.
The Waterbury Democrat., 1931-08-20
For Rent Real Estate
72 Apartments & Tenements

three rooms heated. 46O West Main, $25 up. Un- furnished or furnished. Continuous hot water. Tels 4-5129; 4-5244.
The Waterbury Democrat., 1931-08-20
JEBY BOXES AUGUST

New York, Aug 20.--Ben Jeby, New York middleweight, will meet Pete August, in the main bout of ten rounds at Dreamland Park, Newark, Monday nigt. Jeby lost . decision to Vince Dundee. The semi-finai Monday night will bring together Herman Folins and Joe Barbara.
The Waterbury Democrat., 1931-08-20
NOTICE

BERTHA DOUGHTY. of Waterbury,
 Plaintiff,
 EDWARD N. DOUGHTY, formerly
 of Waterbury, but now Of parts
 unknown, Defendant.
 STATE OF CONNECTICUT, New
 Haven County. ss. Waterbury,
 August 18th, A. D. 1891.
 UPON THE COMPLAINT Of the said Bertha Doughty, praying Tor reasons therein set forth for d. vorce, made returnable before the Superior Court in and for New Ha- ven County at Waterbury, to- be held on the first Tuesday of Sep tember, A. D. 1881, it appearing to and being found by the subscrfb- ing authority that the said defend- ant has gone to parts unknown; therefore,
 ORDERED, That notice of the pendency of said complaint be given by publishing this order in the Evening Democrat, newspaper printed in said Waterbury, three days successively, commencing or or before the 18th day of August, A. D. 1881, by some proper onicer or indifferent person who, with his doings thereon indorsed, shall make
 GEORGE H. FREEMAN. Clerk of the Superior Court for New
 Haven County at Waterbury. 8-18-3t
The Waterbury Democrat., 1931-08-20
BULLDOGS SIGN sCULLY,

Meriden, Aug 20--Bill Scully of Meriden was notified tonight by Gene Martin, manager of the New Haven Bulldogs in the Eastern league, to report .to him at the saving Rock Stadium tonight. ScuIly. at right hand pitcher. has worked out with the East Hamp- ion. Deep River and WaIlingford teams in the Middlesex County league during the summer.
The Waterbury Democrat., 1931-08-20
EAGLES SEEK GAMES

The Town Plot Eagles are anx- ious to meet New Milford, An- sonia Norwoods, Woodbury, Beth lehem, Southington, Washington and New Haven Eagles. For games phone Manager Fibre Jacaruso at 4-0260 or write him at 27 Nor mand street.
The Waterbury Democrat., 1931-08-20
Runs Batted In.
OHIO BLUEJAYS OPEN
 WAR ON PEDESTRIANS

NOrwalk, O. (UP)-BlueJays have delcared war on Norwalk.
 Persons walking through a clump of trees at a street intersec- tion have heard the warning scream of half a dozen of the birds and been driven at a run from the scene. Arthur Pearl, J. E. Osborn and Paul Clark suffered severe fa- cial scratches from the beaks and claws of the jays.
 Officials attributed the attacks to annoyances suffered by the birds from boys violating their nests and molesting their eggs and young.