davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-02-16

Surveying this historical pre-
cedent, financial analyst points
out that the first recovery from
a bear market has invariably
been followed by a secondary
decline lasting from two to five
months. In this secondary de-
cline prices have often been
forced down to about the low
point reached in the main bear
market. If in the present in
stance the market must still pass
through this false recovery and
secondary decline, the main up.
swing in prices will not start
until the summer or fall.
Believe This Is Exception
However, there are grounds for
believing that 1881 will prove an
exception to the normal market
pattern described above, or at
least if cyclical secondary re-
action does develop it will be
of much less than the ordinary
extent, in the opinion of this
observer. Money rates are much
lower than they have usually
been at the end of bear markets
in the past. In addition, we are
much further along in the gen.
eral business decline than we
usually are at the end of a
cyclical downswing in stocks.
Ordinarily a bear market ends
in the fourth or fifth month
of decline in general business
activity, but it is now 10 months
since the 1929-1930 general busi-
ness decline started Therefore
under normal circumstances. at
this stage of the business cycle
we should have been through the
false recovery and succeeding
secondary decline IN stocks and
already started on another bull
market.
May Be Temporary
AS regards the near term out
look of the market, Saturdays
standoff session Is Indicative
either of the initial stages of a
dlStrlbutive market, or merely a
temporary halt to consolidate
previous advances prior to a
resumption of the advance.
Based on the closing prices Of
February 7, there were 16 lead.
ing rail issues selling at less than
II times 1880 earnings of which
Is return yields of greater than
D per cent. According to Stand
ard Statistics, the outstanding in
veStment issues in this group were
Chesapeake and Ohio, Bangor and
Aroostook, Alabama Great South
ern, Norfolk and Western, Union
Pacific, and Great Northern, all
OF which have safety margins Of
q per cent or more.
Doubt Oil Strength
Despite the recent furry R
strength in the oil group, the Sta
tistical position of the industry
can hardly be termed favorable.
According to trade sources, if the
prices of products are only main
tanned through the coming year
and not raised, the industry will
make smaller profits in 1881 than
it did in 1880. Crude petroleum
at the well, based on average
prices of 10 different fields, is
now about 25 per cent cheaper
than it was year ago. In some
important fields, the percentage
NF
The Washington times., 1931-02-16
British Exports to
u. s. Off 38% in 1890

British exports to the United
States during 1880 dropped 80 per
cent, according to the Commerce
Department. These exports to-
tailed $2O5, ,563 900, a decline of
more than $4,000, 900 as COM
pared with the total in 1929. I'M
portant factors in this exception
ally heavy decrease were the gen.
eral trade depression, and prob
ably to a much less extent the fall
The Washington times., 1931-02-16
WALL STREET
PERPLEXED
BY TREND
Many Experts Believe Recov-
cry Is False; Others Look for
Continuation of UpSWing
By THE SPECTATOR

Wall Street greets the
new week today still con-
fronted by the question as
to whether the present up
turn marks the start of a
long bull market, or whether
it is merely the beginning
of a temporary recovery
which may last only a few
weeks. Going back over the
history of bear markets
there have been innumer.
able false recoveries which
have always followed the
end of depression periods in
the past.
The Washington times., 1931-02-16
Youngstown Sheet
Cuts DOLDn 5T More

YOUNGSTOWN, Feb. 16.-The
Youngstown Sheet & Tube Co.
operations will decline this week
to 40 per cent of capacity, a loss
of 5 per cent from this weeks
level and comparing with rs per
cent for the like week IN 1880.
Operations also were reduced last
week.
The Washington times., 1931-02-16
SALES


Capital Trust Company SIS,
$4,5OO@82; $1,OOO@S2; $1,OoO@S2,
Washington Railway & Electric
Company, pfd., 5@9S1a; 5@98a.
Real Estate Mortgage & Guar
anty pfd., 10O@61a; 1OO@6k.
AFTER CALL
Mergenthaler Linotype, 3@88;
1O@87; 5@87; 1O@87; 5@87.
Capital Traction 5S, $1,50O082.
Columbia Sand & Gravel, pfd.,
20@88.
Real Estate Mortgage & Guar
anty, pfd., 1OO@612; 2OO@612.
Capital Traction Company, 100
345s.
The Washington times., 1931-02-16
Sugar Stocks Drop
To 96I,288 Bd0S

The New York Coffee & Sugar
Exchange announces that stock
of raw sugar in licensed ware
houses in New York on February
13, 1881. amounted to 961 ,288 bags,
a decline of 463 bags for the week
Stocks a year ago amounted to
2,289,924 bags.
The Washington times., 1931-02-16
First National Sales
Drop in .J0nunrU

First National Stores, Inc. today
reported sales for the four weeks
ended January "a of $8,046, ,348
compared with $8,496.665 in Jan
uary 1880, a decrease of ST. per
cent.
The Washington times., 1931-02-16
WASHINGTON STOCK EXCHANGE

Col Medical Bldg Corp.... IS 800.
Col Sand G. Grav pfd.... so as
Dist Natl Sec pfd. d......... 68 IS
Emer Bromo SELF A......l 31h 80
Federal Storage pfd. ......I110 1890
Fed-Am Co com....,..i 27 20
Fed-Am Co pfd 96 I1O1
Lanston Monotype ........I105 I11O
Med TT G. Stor com......I 95 100
Mer Tr & Stor pfd. ...... S5 95
Mergenthaler Limo ....... 81 SS
Natl Mtg & Inv pfd. zee. 5h
People Drug s pfd. ...... 9612 100
Real Est NJ & Gpfd. 6hI z
Security Storage ..........I104 I113
Ter Ref & VIII Corp.... As 55
The Carpet Corp. 21h rs
w Mech Mtg com. ....... 8hi.....
Wash Med Bldg Corp..... IS i1O7
Wdwd & Iothrop com.... 80 .....
Wdwd e. Lothrop pfd......I107 Il12
Evening star., 1931-04-05
COMMODITY DECLINE
AFFECTING RUSSIA
Drop in Value of Exports Revealed
in Soviet Union
Figures.
Hy the Associated Press.

BY the Associated Press.
MOSCOW, April 4-Figures of the
Soviet Union Chamber of Commerce.
comparing foreign trade of January and
February with the similar period of
$780, disclose that Russia has been hit,
like other countries. by the backwash of
the fall of commodity prices.
The figures contrast somewhat sharp
" with the general Soviet attitude of
gleeful observation of the depression
abroad as affording evidence of the COL
lapse of the capitalistic system.
In January-February, 1880, the Soviet
union exported 1.647 900 tons, valued at
133. 3.129 900 rubles (about S67 1000 000)
whereas in January February, 1881, the
union exported 2,176,000 tons, valued
at only 08,742, 900 rubles (about
$54.o00,o00).
That this increase in tonnage exports
at greatly reduced prices probably cur
tailed purchases of machinery and other
necessities Of the five-year plan pro-
gram was indicated by comparison Of
imports for the same period.
In JaRuary-F February, 1880, the union
brought in 382, 900 tons, valued at 144,-
611,000 rubles (about $72, ,000,000), g.,
while in 1881 imports amounted to
$4,000 tons, valued at 102 2,845 900 ru-
bles (about $51 900, ,000). These figures
show decline in the value of exports
of about 24.467 900 rubles (about S12,-
o00,000) and decline in imports of Al
766,000 rubles (about S21 600, ,000).
Evening star., 1931-04-05
CURB SHARES RISE
ON SHORT COVERING
Utilities Group Especially
Benefited by Operations
of Bear Traders.
BY JOHN L. COOLEY,
Associated Press Financial Writer.

NEW YORK, April Professional
traders who had sold curb stocks short
earlier IN the week bought some Of
them back today, with the result that
prices made general but moderate ad-
vance.
Covering was fairly active in util!-
ties. United Light "a and American
Superpower rose about point and
American Gas e. Electric rallied two.
Electric Bond 81 Share was more slug
gish and closed with a fractional ad-
vance.
Selling of Aluminium Of America, ap-
parently based on the 1880 earnings
statement showing $l92 a share against
lib in 1929, was a feature of the in
dustrials. The stock broke IL points
on the first sale, extended its loss nomi-
nally and then rallied, only to sag
again at the close. Cord Corp. was
boosted more than a point by the climb
in Auburn. Agfa Ansco showed some
hesitation in the first hour but then
resumed its advance, gaining a point.
Noranda was also strong, and Zonite
and Deere firmed
Scattered covering came into the oil
group, especially Standard Of Indiana
The company's preliminary statement
showed S273 share for 1880 COM
pared with $4.66 in the previous year.
Evening star., 1931-04-05

Australia now has h44O.oeO trade
union members, N
Evening star., 1931-04-05
BOND PRICES AT LOWEST POINT
REACHED DURING PRESENT YEAR

clines, were either heavily sold or
drifted lower because of q lack of in
terest in them. The speculative inter-
est that was discernable in mid-March
in secondary bonds ceased when the
stock market turned downward during
the last half of the month
In the foreign department, however
there was every sign of speculative
interest. The backing and filling of
European and South American issues,
as political developments were variously
construed, were not important. But the
varied movements of bonds of COM
parable credit rating were significant.
German issues, as usual, were pushed
up and down by speculative operations
on the slightest excuse, while italian
bonds were supported at new high
levels. Yet if the European tariff con-
troversy is a bear point for German
bonds. it should equally be one for
Italian credits
South American issues also moved
rapidly in either direction. They have
been one of the favorite "sweepstake"
purchases on the Street for weeks. This
means that when they, for any reason,
are heavily sold and depressed, there
is speculative buying of them, owing
to the redemption -by-lot provision at
tached to most such bonds. These
redemptions are at par or higher If
one purchased $4,000 of Sac Paulo
coffee loan rs, for instance, at 80, and
then had $4,000 of them redeemed by
lot at par, he could carry the remaining
eight bonds at $3.50 each and still stand
chance of having some of them re-
deemed at par in the next drawing.
One of the features of the week was
the payment of interest by the Aus
tralian government on bends of the
State of New South Wales, which the
latter had proposed to default The
markets view of the situation in Aus
tralia is that government upset is at
hand and that a more conservative
group must inevitably come to power
(Copyright. I93l)
Evening star., 1931-04-05
Brokers' Comment
By the Associated Press.

BY the Associated Press.
NEW YORK, April 4.-Brokerage
house statisticians were talking rally
in their advices to customers today. The
better resistance evident in Thursdays
stock market suggested to many COM
mentators that a technical recovery
was not far of. Some, however,
thought the general trend would con-
tinue to be downward for q while.
Opinions follow:
Hornblower 6Z Weeks-Both the dura-
ton and extent of the decline alone,
calls for technical rally from around
current levels, and once under way
should gather momentum under the in
fuence of short covering throughout the
list.
Hamershlag. Borg & Co-During the
past few weeks we have had for the
first time in some months more than
seasonal increases in both car loadings
and electric power output. It Is possible
that these increases may be ascribed to
unusually early Easter activity. Should
these increases continue during the
coming weeks, it would be indicative of
turn in the tide. In the meanwhile,
there seems to be a fair possibility of
a sizesble rally from the steady stream
Of selling which has set in.
Winthrop. Mitchell g. Cot looks
as if selling will continue to predominant
for another week, but we do not be-
lieve that the market viii 60 much
further on the down side. Most i'm
portant strength of the market lies In
the fact that it has been well liquidated.
Business thus far has failed to show
many indications of rallying, but most
financial and banking leaders expect
little in this way before the second half
of the year.
Jackson Bros. Boesel & Goa rally
of point or two. in our opinion, would
not suffice to bring in heavy short cover
ing. A sharp rally of points, on the
other hand would in all probability
bring in a stampede of short covering.
The statement that very large and
ramified short interest existed cannot
be disputed. Some houses which nor
mally are not lenders of stock now
carry heavy stock loan accounts and
for the simple reason that stocks can
be loaned on a fiat basis or at pre-
miums. 1t seems to us that the Situ-
alton in this respect is similar to that
which existed late last December.
OTIS & Co.-The gradual violation of
resistance levels in individuals issues
and the distinct lack Of enthusiasm in
the general list is bound to exert a dis
couraging effect on general sentiment.
Babcock, Rushton g. Cove feel
that not only is a rally greatly overdue
but, further, that unless 1t takes place
in the immediate future we are due to
have very much lower prices. The
action of the market as a whole this
week has impressed us as being one In
which the sponsors for the different
issues are not buying stocks and under
the circumstances It would seem unwise
for others to buy stocks which the In
siders do not think are worth their
present prices.
Evening star., 1931-04-05

RIGHTS-EXPIRE
IL Ford Mot Ltd. Apr u 4
Dividend rates in dolaEs based on last eqsTteTZ semi
Payable in cash or stock Payable in stock Adiusment dv
ssoek PIus s In osk Plus io IN IN stoek Pns s IN
n Plus Sc Paid last regular rate
Evening star., 1931-04-05
Poor Chance for Burglar.

BY recent electrical development an
banking institutions. has been 50 per-
fected that it will start alarms clang-
ing as soon as any one a~proaches It.
1t is not necessary to t1.ch anything
to put the alarms in &C sion and the
device can be adjusted so that It win
set battery of bells to pealing when
ever any one enters the room In which
it is located.
Evening star., 1931-04-05

Clark, williams & Co.-The stock
market, during the past week was al
most entirely a professional traders
affair, and under pressure of selling by
that element prices gave way in order
ly retreat. 1t was noticeable, however,
that while the price declines brought
some selling Of actual holdings, signs
of liquidation by investors in general
were lacking, and evidence Of good
buying came into the market as the
low levels on the movement were
reached.
Evening star., 1931-04-05
HIGHER TARIFF TREND
is NOTED IN EUROPE

EhSsUNIdVSu FIFss.
distinct trend toward higher tariff
rates in European countries is noted
by H. c. MacLean, American represent
ative at the headquarters of the Inter-
national Chamber of Commerce, at
Paris, in a report made public here
yesterday.
The report expresses a peSsimistic
view toward the possibility of a general
customs union among all the countries
of Europe.
Evening star., 1931-04-05
MEMS WEAR MERCHANTS
DO FAIR BUSINESS
BY the Associated Press.

NEW YORK, April 4.-Mens wear
merchants found sales fairly satisfactory
during the week, with the few days of
favorable weather assisting materially
in moving goods, reports in New York
trade circles say. The usual Easter
activity in stores has not attained the
volume of other years and retailers
predicted that the few days before
Easter Sunday win mDt equal those of
1880, even though depressed conditions
were experienced at that tIihe.
Evening star., 1931-04-05
1881 TIRE FORECAST.

NEW YORK. April A Especially -
Nearly 90,o00,0Oo automobile tires will
be needed in 1881, according to detailed
estimates presented in the current bull
1etin of the Alexander Hamilton Insti-
tute. Last years shipments totaled
only $4,000 900.
Evening star., 1931-04-05
BONDS

Copyright. 1881. Standard Statistics Co,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-07
CHICAGO SCHOOLS
PROBED IN Staying
Board of Education Faces
Quiz on Contract Ring
Seen in Killing.
BY the Associated Press.

~ the Associated Press.
CHICAGO, September States at
torneys investigators said yesterday
every member CT the Chicago School
Board will be summoned for question
ing in connection with the death of
Mortimer P. Enright superintendent of
electrical maintenance for the schools
and electrical union official, who was
slain Thursday night.
U. S. Agents Investigate.
At the same time it became known
that the Federal Government has been
investigating the purported operation
of a board of estimate" within the
ranks of the Electrical Workers Union
Local No. 1874. of which Enright was a
the awarding of $45,000,000 in School
Boards contracts.
The School Board officials also are
wanted for questioning about the
Board of Estimate" Charles A. Bel
lows, assistant States attorney, said.
Police said yesterday they believed
Enright was slain by hoodlums trying
to muscle in" on the reported profits
of the Board of Estimate" or in re-
venge. perhaps by a disgruntled con-
tractor who had failed to win his ia
Vor.
Attends Union Meeting.
Enright attended a union meeting
Thursday night, told friends he In
tended motoring to Michigan, and was
seen alive no more. His body, beaten
and shot, was found Friday morning in
suburban Hinsdale.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-07
SHAKESPEAREAN DRAMA
RETAINS POPULARITY
English Playwright's Works Lead
10000 Productions, So
ciety Reports.
ny the Associated Press.

CHICAGO, Ill, September Shake
speare still holds the boards as the most
popular playwrights in the country, the
Chicago Civic Shakespeare Society said
today.
Quoting from the annual theatrical
Index Of an amusement magazine, the
society showed that of the 18l dramatic
plays represented during the 1929-30
season, more were the products of
Shakespeare than of any other single
playwright.
The Chicago Civic Shakespeare So
ciety will begin its third season in
loop theater, october 10.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-07
CROWDER GETS CABLE
OF CUBAN SYMPATHY
Retired General, Ill in Colorado,
Is Held on RoaS to Recovery
From Acute Exhaustion.

BY the Associated Press
COLORADO SPRINGS, Colo. Sep
TENDER Maj. Gen. Enoch N Crowder,
retired, i'll IN a hospital here, has re-
ceived a message Of sympathy from
President Gerardo Machado CT Cuba
expressing hopes for his speedy re-
cover.
Antonio Medina Barrios. Cuban con-
sal at Kansas City, carried the ccm-
munication to Gen. Crowder, who
formerly was an adviser to the Cuban
government
After calling on Gen. Crowder Con-
sui Barrios cabled President Machado
that the general is rapidly recovering
from the illness, described by physicians
as acute exhaustion"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-07
SEVEN HURT IN TORNADO
Windstorm at Palermo, Me, Causes
Big Loss in Property.

PALERMO Me. September LP).-
A tornado here yesterday afternoon in
jured seven persons slightly and did
considerable damage to property.
The windstorm tore the roof from a
house, twisted the house from its base.
destroyed barn, carried a grist mill
shed short distance. ripped down tele-
phone and electric light wires and up
rooted many trees.
The storm, accompanied by rain and
hail, blew the roof from a farm house
occupied by Mr.. and Mrs. Herbert Rus
sell and their five children. All seven
we're reported to have been injured
slightly. The roof was carried to a field
800 yards away
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-07

Education, wages. pensions and super
annuations, and shop legislature were
treated in resolutions passed at the
recent Irish Trade Union Congress in
Waterford, Ireland.
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1931-12-18
TRIAL ENDS IN
SUIT INVOLVING
AUX BAY GROUND
Case Involving Public Re-
creation Ground Own
ership Comes to End

Trial of the AUX Bay land tres
pass case, involving the ownership
of the public recreation site on the
north end of AUX Bay. ended in
the Federal district court Thursday
afternoon before Judge Justin W.
Harding, after four day trial.
Counsel for both sides were given
a week in which to file briefs, If
desired by them, and Judge Hard
ing will reserve his decision until
after that time. F. H. Foster, who
appeared for William E. Murphy
and family, said he would file
brief.
The suit, which was brought by
the United States Forest Service
here, seeks an injunction against
the Murphys and a number Of the
descendants of the old AUX Bay
tribe of Indians, who claim heredi-
tary rights of ownership to the
tract. Mr.. Murphy started con-
struction of a cabin there last
summer, but the work was halted
by a temporary injunction.
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1931-12-18
SCHOOLS END
CLASS WORK
ON WEDNESDAY
Will Not Be Re-
sumed Until Monday,
January 4

For the Christmas holidays all
schools in Juneau will end their
class work next Wednesday, De-
cember %, and studies will not be
resumed until Monday, January 4.
Formal announcements of the
Yuletide vacation were made this
forenoon by Superintendent r. S.
Raven for the public schools, and
by Charles w. Hawkesworth, acting
chief of the Alaska Division of the
Bureau of Indian Affairs, for the
Federal governments indian
school, and by Father w. G.. La
Vasseur for the Catholic Parish
school.
Exercises On Wednesday
Pupils of all the schools will
hold exercises typifying the spirit
of the season Wednesday afternoon.
Public school pupils of the upper
grades will join with high school
students in exercises in the assem-
bly, room of the high school build
ing.
Public school pupils of the lower
grades will have their programs
in their respective rooms in the
grade school building.
Government School Program
Government school pupils will
hold their exercises in their own
school building
Pupils of the Catholic school will
present their program in the Cath
Ole Parish Hall.
In all instances, the exercises
will consist chiefly of recitations
and musical selection, those of the
high school including orchestral
and glee club numbers.
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1931-12-18
SOLONS take
UP H00vER'S
US. PROGRAM
Two Houses of Congress
Considering Economic
Reconstruction

WASHINGTON, D. c., Dec. 49,
Under the spur of Presidential
pleading Congress (both Senate
and House, has put its shoulders
to the task Of economic reconstruc-
ton. The banking committee of
both houses have summoned wit
nesses to give expert advice on
President Hoover's proposal for
creating a half-billion dollars Ma
tional Reconstruction Corporation
designed as credit cushion upon
which business Of the country
should ride forward between times.
Deficit Passes Billion
The Governments deficit for the
elapsed five and one-half months
of the 1882 fiscal year on Decem-
Der Is swung heavily past the bill
lion dollar mark, reaching $l,252,-
631 isl on that day.
Veterans Get Money
The House today voted 5000, 000,-
600 for the veterans administration
to meet the demands of the vet
Grams loans. The resolution now
goes to the Senate carrying almost
S4,00O,O00, disqualification and vet
Grams dependent pay.
Money Fer Farm Loan Bank
The House Bank and Banking
Committee approved the first Hoo
yer Reconstruction" program by
appropriating the item of 100000
900 as a revolving fund for the
Farm Loan banks.
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1931-12-18
GLADSTONE
BAGS

Plain and pullman tray
cases, with simulated
amber fittings. A real
buy!
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1931-12-18
ROBERT 0LDS
APPOINTED TO
HAGUE COURT

WASHINGTON, D. c., Dec. 49,
President Hoover has named Rob-
ert E. Odds, of st. Paul, Mime
sofa, former Under Secretary of
State, as American member of the
Permanent Court of Arbitration at
The Hague, succeeding the late
Roland w. Boyden.
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1931-12-18

NOTICE OF SALE5Oil Screw YES
sci Pelican, IS tons gross and "a
tons net, A horse power oil en-
CINE. laid down in Seattle in 1929,
will be sold at public auction,
by U. S. Marshal, at the Govern
ment Float, by the Alaska Juneau
Rock Dump, at 2 o'clock P. M.
Monday, January 4th, 1882.
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1931-12-18
100000 in Savings
Banks Form Estate

NEW YORK, Dec. 18.-Showing
$500 900 in deposits in nearly all Of
the city's savings banks, the trans
fer tax appraisal of the estate of
Mary Ann Price was on file to-
day. 1t gave the net value as
S3l1, 448. The estate goes to rela-
tives in Iowa and Southern Cali
fornia.