davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-03-24
OUST|NG
WATER POWER

The economic trend is toward
cheaper steam power production,
and unless there is some radical
change in the art of producing or
transmitting water power only the
very best of the remaining water
powers in northern New York will
ever be developed, Col. William
Kelly. vice president Of the Buff
falo, Niagara and Eastern Power
Company, said in a recent address
on THE Power Problem" at Co.
lumbia University.
The address was one of a series
on '"The Major Engineering-Eco-
nomic Problems of the Day." ar
ranged by the Department of
Civil Engineering in cooperation
with the Institute of Arts and
Sciences, Columbia University, and
the New York section of the
American Society of Civil Engi-
neers.
Effective and economical devel-
opment of the nations power re-
sources can be secured only
through the combination and in
terconnection of steam and water
plants, Colonel Kelly declared.
The economics of the power indus
try thus involve the construction
and operating problems of COM
plicated net Of interconnected
plants.
The Washington times., 1931-03-24
Financial Neuus Stocks Bonds, Commodities and Conn1en
Regular Portfolio Check
Advised Investors

play havoc with standard invest
ment securities.
Common Stock Analysis
In this connection it is inter
esting to note the results of a
recent analysis made by the In
surance Shares Corporation of
New York. They found that the
average life of a high-grade COM
mon stock is between five and
ten years. Mr.. Twombly, preSi-
dent of this corporation stated:
"Out of 20 common stocks
which were high-grade invest
ment issues in 1900, 16, or 80
per cent, had so deteriOrated
by 1928 that hey could not
meet the original requirements
by which they were selected.
Selections were made on the
basis of earnings and dividend
records, rate of growth, invest
ment, standing, market activity
and future prospects"
To make a success in the stock
market requires just as thorough
training as for any of the pro
fessionS-law, m Iicine, etc.
Through failure to watch over
their investments many investors
failed to sell during the recent
bull market and are still hold
ing securities, some of which are
destined to be included in the
limbo of forgotten things"
Just because a stock is a leader
during one years bull market is
no reason it will prove a good
purchase for another bull cam
paign. For example, American
Can, American and Foreign Power,
and Simmons Company, which
were all fast climbing stocks in
1929, followed widely divergent
trends during the spring rise of
1880. American Can had a
gradual advance. American and
Foreign Power moved crosswise,
while Simmons failed to partici-
pate in this move and dropped
steadily to the end of the year.
Future Just as Uncertain
The mortality of common
stocks is alarming and the great
companies whose stocks were the
leaders of previous bull markets
are the "cats and dogs" of the
present.
A few years ago American
Woolen, American Hide and
Leather. Kelly-Springfield, Middle
States Oil, Stutz Motors, U. S.
Rubber, ETC., were the active
leaders, but where are they now?
Who knows what the future has
in store for the popular issues
of today?
The Washington times., 1931-03-24
.HUPP WILL OPEN
CANADA PLANT

DETROIT, March 24.-Hupp
Motor Car Corporation will open
an assembly plant in Windsor to
take care of the corporations S
Canadian business. A plant and
modern shipping accommodations
on property owned by the cor.
poration in Windsor will be con-
verted into a factory with ap-
proximately 10000 square feet of
floor space available for manu-
featuring purposes.
Work is already under way to
convert the plant and present
plans call for initial production
within 80 days. An official state
ment declares that the decision
to open the plant was arrived at
to conform with the recent
Canadian tariff act which consid-
erably raised duty on American
made motor cars,
The Washington times., 1931-03-24
BUILDING GAINS
IN CAPITAL

While building activities
throughout. the nation showed a
seasonal falling off for the month
of February, washington came
through with an increase of ST.
816,70 more than was spent for
the erection of buildings in Janu-
ary. Also, statistics show that ap-
proximately $4,OO0,OO0 more was
expended during the past month
than in the corresponding month
of 1880.
These figures were made public
in the monthly statistical report
of the Bureau of Labor, yester-
day. The report further reveals
that building permits issued in
345 cities in February show a de-
crease of 2.5 per cent from the
sums spent in January. In 1890,
the decrease from January to
February was 4.3 per cent.
While the figures issued by the
Bureau of Labor show that Wash
lngton spent $3,500,00O for build
ing in February, a record of the
permits issued for that month by
Col. John w. Oehmann, District
building inspector, shows that ap-
proximately $3,850,O0O was plan
ned to be spent for apartment
and hotel structures alone.
Among the permits for larger
projects issued was one for the
erection of the Kennedy-Warren
apartment hotel on Connecticut
Avenue at Klingle Valley, to cost
about $3,2OO,OOO.
The Washington times., 1931-03-24
so Chicago Stocks
ShOW Average Gain

CHICAGO, March 24.-Fifty
representative stocks traded on
the Chicago Stock Exchange dur
ing the week ended Saturday had
a market value Of $2,612,616,272
at the close of business Saturday
as compared with $2,488,228,853
at the close of the previous week,
according to a compilation by
Otis & Co. This represents an
increase of $124,387,419, or 4.99
per cent.
Otis & Co.'S analysis shows
that the market value of $2,612,-
616,272 for these so stocks on
Saturday compares with $685.
1885 for the same stocks on
March %, 1880. This is a de-
crease during the year of $40,-
812, ,404, or 1853 per cent.
The Washington times., 1931-03-24
BY A. r. TOWNER
(Of A. r. TOwner g. Company
Investment COunseIOrs)

1nVeSLmeHb OOuHScAOESJ
Investors who choose to buy
and forget, sooner or later live
to regret. The new era" theory
has been pretty we'll exploded by
this time that investors should
buy good stocks, put them away,
and forget about them. Too many
securities that when purchased
had Triple A ratings are consid,
cred at the present time in the
"cat-and-dog" class.
Time causes many changes,
and a strong corporation today
whose position apparently is as.
sured, may lose its leadership in
industry suddenly, due usually to
changes in management, expira-
ton of patent rights, failure to
develop new and better processes
and inventions, or changing
tastes on the part Of the con.
sumer or purchaser.
Sometimes forces over which a
company has no control enters,
such as unexpected foreign com.
petition, political opposition and
commodity fluctuations.
Uncertainties Many
In view of the many uncer,
tainties always arising in the busi.
ness world, it can be stated with
assurance that no investment, re-
gardless of it's present status, can
be forgotten with impunity. 1t is
hazardous indeed to buy a Secur-
ity of a corporation and this
applies not only to common stocks
but to bonds as well, for income
purposes, and fail to keep a close
check on its earnings and mar
ket action.
Industries like the railroads,
hitherto considered unusually safe
mediums for investment funds,
are today struggling under severe
handicapS. The movement of oil
through the use of pipe lines, the
hauling of goods by trucks and
the transportation of passengers
by motor buSses and air trans
port lines are gradually sapplng
their earning power.
The inroad of rayon and other
compositions in the textile field,
the growth of natural gas in COM
petition with coal companies,
electric refrigeration appliances
in lieu Of ice, are examples of
modern progress-and I could
cite many other instances where
proposed and probable evolution
in our industrial life is liable to
The Washington times., 1931-03-24
CAUTION URGED
BY HANEY To
BUYERS
Economist Sees Market More
Mixed Generally and Says
Take Small Profits Quickly
BY LEWIS HANEY
Director New York University Bureau
of Business Research and Former
Economist of Federal Trade
Commission.


Economist of Federal Trade
Commission.
Wall Street professed to be
pleased with the business and
financial news last week. The
market closed with a reaction,
however, and this is the first
time in five weeks that stocks
have not been marked up on
Saturday.
The market as a whole has be-
come increasingly mixed. One
result is that the broader aver
ages show surprisingly little
change in spite of the wide move
ments of certain speculative IA
vorites.
Caution Is Urged
Thus the Hamershlag-Borg av-
erage of 686 stocks remained
practically unchanged 1T the end
of the week. The Herald Tribune
average of 100 stocks showed a
slight gain of 0.6 of point. The
Standard Statistics Company's
average of 80 stocks rose more
than 8 points, being heavily
weighted with utilities. The
Times average Of so stocks closed
27 points higher than a week
ago.
The general rise in the market
as a whole has broken down since
February. The move has become
more irregular The effort to
keep the speculative pot boiling
by switching from one group to
another grows more obvious.
It thus behooves the speculator
to watch his step more carefully
and to select his purchases with
greater attention to the posi-
ton of the individual issue.
Small profits should be quickly
taken, for the trading activity
will be shifted into other groups.
Food Issues Attractive
The best opportunities appear
to be in food stocks. such as Ma
tional Dairy and tobaccos, such
as Liggett & Myers; motors.
especially General Motors and
Nash, and certain building mate
rials, say, American Radiator.
But don't make the mistake Of
thinking that the alleged mark-up
in steel prices is going to increase
steel company earnings. The ad.
vance is not yet effective, and If
it ever becomes so will not help
steel earnings for a long while.
The Washington times., 1931-03-24
VanderIip Calls
DEPRESSION STUPID

LOS ANGELES, March "a
The present depression "is the
most stupid ever known because it
is the result of artificial rather
than natural causes, Frank A.
Vanderlip, financier and former
president of National City Bank,
said in an address before the Uni
versity Club.
Mr.. Vanderlip says the nation
is on the verge of economic de-
velopment which will bring ex,
pansion and prosperity similar to
that which accompanied the
growth Of the automobile indus
try.
The Washington times., 1931-03-24

Operations in the domestic air.
craft industry during 1880 re-
suited in an aggregate deficit.
The statistical position of the
trade, nevertheless, was materially
improved last year by the termi-
nation of speculative building of
craft, as well as through the re-
duction in plane inventories, says
the Standard Statistics Com
pany, of New York. in a current
survey of the industry, which fol
lows in part:
with the advent of spring,
sales of aircraft should increase
appreciably, although this sea-
sonal expansion will fall some
what below normal. While a
fairly large replacement de-
mand from the transport lines
is indicated, takings of civil
craft from other outlets, in our
belief, will continue restricted.
The Washington times., 1931-03-24
REASONS GIVEN
FOR |NSUR|NG
FIRM HEADS
Practice OF Protecting Life
of important Executives
Is Growing, Says Writer
BY FRANK F. LOOMS

Dy AeEAANAA AOO"AAN
Why do companies carry in
surance on the lives of their
executives?
This question. often asked. is
easily explained. For instance,
take the situation in a corpora
ton or a partnership where the
key man died during the past
year of depression. Just what
would have been the situation
last year of an average business
if the key man of the organiza-
ton had died? In many busi-
ness such a death would have
brought about the ruin and bank
ruptcy of the institution.
Insurance Changes Picture
Life insurance would have
changed the whole picture. Busi-
ness life insurance represents
cash, the greatest asset any
business can have-excepting only
brains and ability. Financial pre-
paredness, in the form of i'm
mediate cash available at the
death of an important executive
in a business institution, is often
the only means of keeping the
business together until another
key man is found or developed.
This is why business is lnsuring
the lives of it's key men. ana
chief executives. The business in
Sllrance trust may be utilized by
all classes of business organlza-
tions including corporations, part
nershipS and sole proprietnrships.
Estate and Tax News" lists the
following purposes of establishing
a business insurance trust.
By a Corporation
First, to provide funds lcr the
purchase of the shares of a de-
ceased stockholder in cluse cor
poration.
Second, to strengthen the credit
Of the corporation by providing a
fund to liquidate loans granted
upon the endorsement of q de-
ceased officer.
Third, to compensate the cor
poration for financial losses at
tendant upon the death of one
of its key men or valuable en-
ployeeS.
By a Partnership
First, to provide Immediately an
adequate fund with which the
surviving partner or partners may
acquire the interest of a deceased
partner.
Second, to strengthen and pro-
tect the firms credit 0v provid-
ing an emergency fund to liqui-
Gate quickly the obligations of
creditors in the event of death OF
a partner.
Third, to compensate the
business for loss of credit and
services resulting from death of
a partner.
BY a Sole PrOprietOrship
First, to compensate the bust
ness for the loss of the services
of a valued employe by death,
and to provide a fund for the
training of his successor.
Second to enhance the credit
facilities of the business by pro-
viding fund sufficient to meet
the claims of creditors in the
event of the proprietor'S death.
Third, to provide funds for the
transfer Of the business to en-
ployes at a price which will be
fair to the beneficiaries of a
deceased proprietor's estate.
This list is not exhaustive. Ar
rangements may be made to fix
other needs of a particular or
ganization, as details of busi-
ness insurance trust depend upon
the structure and individual re-
QuirementS of each business.
The Washington times., 1931-03-24
REFR|GERAT0RS
SALEPUSHED

CHICAGO, March 24.-Mechan-
ical refrigerator sales of the Cen,
tral Public Service Syetem in
1880, accounted for 21.6 per cent
of the years sales of electric
household appliances and 1875 per
cent of the sales of gas house,
hold appliances, according to E
L. Callahan, general commercial
manager. He said:
possibilities for increased
use of mechanical refrigeration
represent one of the largest
opportunities for increasing
consumption of gas and elec-
tricity. Our most recent survey
indicates that only eight of
every 100 electrical customers
and one out of every 100 gas
customers are using these SER
vices to provide refrigeration.
During 1880, at some prop
critics, refrigeratOrs put Into SER
vice Outranked all other types
of appliances in load building.
The relatively low percentage
of customers using any type
of mechanical refrigeration in
dicates the extent to which new
business can be realized from
this source"
The Washington Gas Light
Company, though it's operation
by the Central Public Service
Corporation, has been announced
only recently, has been pushing
refrigerator sales for some months,
with admitted success.
The Washington times., 1931-03-24
Last Gaps Are Closed
In Great Usage
River Dam

The last few openings in the
huge dam of the Usage Develop
ment on the Usage River in the
central part of Missouri for
the Union Electric Light &
Power Co., of st. Louis have
been closed by Stone & Web
ster Engineering Corp. A new
giant lake is being slowly
formed.
When the water has reached
its maximum level the lake will
be 129 miles long with about
1900 miles of shore line and
will cover approximately
$4,000 acres including former
sites of towns, farms, bridges
and highways.
The Washington times., 1931-03-24
KAYBEE STORES, inc.

Kaybee Stores, Inc, reports for
fiscal year ended January 81, 1881,
net profit after charges, Federal
taxes and, provision for reserve
against doubtful accounts, Of
$3.50, ,654, equivalent after dividend
requirements on 1886 no-par
shares of Class A stock to $2.67
a share on 92,821 no-par shares of
common stock.
The Washington times., 1931-03-24
1900 Attending
Texas Oil Henrinn

AUSTIN, Tex. March "a.
More than 1900 oil producers, roy
atty owners and other persons in
tereSted in the industry are at
tending the proration hearing be-
fore the Texas railroad commits
sion today. Most are from east
Texas.
Sentiment of producers in the
new east Texas fields is divided,
and the controversy is warm.
The Washington times., 1931-03-24
Union Labor Life
Insurance Gains

Despite the depression, the
Union Labor Life Insurance Com
pany gained 80 per cent in in
dividual insurance in force dur
ing 1880. President Matthew
Woll has reported to the annual
meeting of the shareholders.
The company is owned and
controlled by the American Fed
Grafton of Labor and the affili-
ated national, international and
subordinate unions.
The Washington times., 1931-03-24
Steel Output Will
Remain Unchanged

YOUNGSTOWN, March "a.
The operations of Carnegie Steel
Company in the Youngstown dis
trict will be at so per cent of
capacity this week, unchanged
from last week and comparing
with 68 per cent in like week Of
1880.
The Youngstown Sheet & Tube
Company next week will operate
at 40 per cent, unchanged from
current week and comparing with
so per cent same week last year.
The Washington times., 1931-03-24
INDEPENDENT TOOL

CHICAGO, March 24.-Report
Of Independent Pneumatic Tool
Company for year ended Decem-
ber 81, 1880. shows net income Of
$588,693 after taxes and charges,
equivalent to $3.13 a share on
187,849 no-par shares of stock.
This compares with 1881, 1866 or
$7.39 a share on 10000 shares
in 1929.
The Washington times., 1931-03-24
READING IMPROVEMENTS

WILLIAMSPORT, Pa, March
24,-Reading Railroad plans ex.
nenditure Of more than 500, 900
for improvements to right-of-way
and facilities in this city.
The Washington times., 1931-03-24
RAIL WAY BRIDGE INQUIRY

The Interstate Commerce Com
mission today ordered an inquiry
into the application of certain
provisions of the Interstate Com
nerce act to is bridge compan-
les. One phase of the inquiry
will relate to the determination
and disposition of excess net rail-
way operating income.
The Washington times., 1931-03-24
DIVIDEND DEFERRED

CHICAGO, March 24.-United
Printers and Publishers, Inc, has
deferred action on the common
dividend of 80 cents due April /
until the annual audit is com.
pleted.
The Washington times., 1931-03-24
NEWS
In Todays
CLASSIFIED ADS

HOME FOR SALE-Six rooms and
bath; F st. n. f.. near Union Sta
tiOn: price $3.50; small cash pay
ment, balance like rent. Call at
once for further information.
$1,000 NEEDED-WilI pay S25
month; have steady position: no
real estate: will keep payments up;
am buying home.
FURNISHED APARTMENT FOR
RENT-FOurth st. s. E.: one room
and kitchenette, sink, private bath,
second floor. front; electricity, hot
water heat, newly painted; adults;
reference.
AUTOMOBILE FOR SALE-LincOln
S-passenGer coupe; excellent through
out; 1898 car; cost over $4,000;
price $3.50; terms or trade.
FURNISHED ROOM FOR RENT
Spring Road: lovely front room In
private home: garage; reasonable.
MODERN DAIRY FARM FOR
SALE-With or without herd; new
James-way barn: unusual bargain.
These are "Sideli0kts' on a ten Of man
Interesting 1dUertisem ents you l1iH find Il
,rIay'S Times and Herald CtaO0tSeS Ads.
The Waterbury Democrat., 1931-01-10
u:.:,. sss WIZ x,,..,.,., sss

r.. M.
 1:30-LopeZ orchestra. 2:00-National Republican Club
 Discussion-World Eco-
 homie Depression Causes
 and Corrections-Senator L.
 G. Dickinson, Matthew Woll,
 Vice President American
 Federation of Labor and
 others. 3:30-Chicago Serenade. 4:0O-Sisters of the Skillet. 4:15-Pacifc Feature Hour. 5:OO-Van Steeden orchestra. 5:30-Summary of Programs. 5:35-Blue Aces Music. 6:O0-Raising Junior-Sketch. 6:15-Ballew orchestra. 6:45-Literary Digest Topics in
 Brief-Lowell Thomas. 7:0O-Amos 'n' Andy. sketch. 7:15-Tastyeast testers. 7:30-Rise of the Goldbergs -
 sketch. 7:45-Pickard Family; Southern
 Folk Songs; Novelty orches-
 tra. 8:O0-Dixies Circus. 8:15-Rin-Tin- Tin Thriller. 8:30-Fuller orchestra; Earle Spi-
 cer, baritone; Male Quartet. J.UU-lHc SdIupuS-ShcLCH. 9:3O-To Be Announced. 10:O0-Chicago Civic Opera. 11:00-Slumber Music. 12:O0-Spitalny orchestra. 3O3m-WBZ-WBZA Springfield
 BOston-90Ok P M. 6:15-Riverside Ramblers. 6:30-Statler orchestra. 6:45-Same as WIZ. 7:30-Sandy MacFarlane's Chimney
 Swallows. S:00-Same as WIZ. 9:00-Gilbert and Barker Hour. 9:30-Same as WIZ. 11:00-Time; Weather. 11:03-Statler orchestra. 3O8m-KDKA, Pittsburg-88Ok P M. Westinghouse Band. 6:45-Same As WIZ. 7:30-Smith Brothers. 7:45-Apex Travellers. 8:00-Same as WIZ. 9:00-Freedom City Program. 9:30-Same as WIZ. 1t:00-Teaberry Sport Review. 11:15--Far North Broadcast.
The Waterbury Democrat., 1931-01-10
NOTICE! Public Health Regulation. Wood Alcohol Regulation.

Section 1. The word "person" as natural persons, firm, associations, co-partnerships and corporations.
 Section 2.--No person shall sell, offer for sale, give away, deal in, or supply, or have in his or her posses sion with intent to sell, offer for sale. give away, deal in, or supply, any article of food or drink or medicinal or toilet preparation intended for hu- man use internally or externally. which contain any wood alcohol, otherwis known as methanol. methyl alcohol or wood naphtha, whether derived from the destruc- tive distillation of wood, synthesis or gases or other processes, what. under or by which the said wood alcohol shall be called or known.
 Section 3. No person shall sell. offer for sale, give away. deal in sup ply or have in his possession with intent to sell, offer for sale, give away, deal in or supply any com pound, mixture or preparation what Soever, for use as an anti-freeze agent in automobile radiators which contains more than ten per cent of wood alcohol, otherwise known as methanol, methyl alcohol or wood naphtha, whether derived from the destructive distillation of wood, syn thesis of gases or other processes, whatever may be the name or trade mark under or by which any such compound, mixture or preparation shall be called or known.
 Section 4.-No persons shall sell, offer for sale. give away, deal in or supply or have in his or her possess sion with intent to sell, offer for sale, give away, deal in, or supply, any wood alcohol. otherwise known as methanol, methyl alcohol or wood naphtha, whether derived from the destructive distillation of wood, sym thesis of gases or other processes, whatever may be the name or trade wood alcohol shall be called or known, unless the container in which the same is sold, offered for sale, giv- en away, dealt in, or supplied, shall bear a notice containing the follow ing devise and words conspicuously printed or stenciled thereon in red color on white, viz:
 SKULL AND CROSsBONES
 DEADLY POISON
 WOOD ALCOHOL WARNING.-Wood alcohol (Meth-
 
 naphtha) Is extremely poisonous
 and may cause blindness or death
 if it enters the body through the
 mouth, by skin absorption, or by
 inhalation of vapors.
 Section $. Any person who shall violate any of the provisions of this Ordinance shall upon conviction be punished by fine of not less than $10 nor more than $50.or by im- prisonment for not less than 10 (ten) days nor more than sixty (6O) days, or by both such fine and imprison- ment.
 Section 6. This Ordinance shall take effect immediately upon its passage.
 Passed by the Board of Commis- sioners of Public Health, December 30, 1880.
 Attest:..
 EDWARD B. o'DoNNELL,
 C{%1y