davidaulloa/AmericanStories huggingface dataset:
Smyrna times., 1925-09-30
Report on Physical Education

Secretary Holloway made a report
on State Director of Physical Edu-
cation, and the matter continued until
the next meeting of the board Au-
thOrization to sell the Rice school
house near Harrington was given.
Mrs. Edna P. Upton, representing the
Anti-Tuberculosis Society, appeared
before the board asking endorsement
to the State Board of the plan propos-
ed, similar to that already being used
in many of the schools. Action was
deferred until the next meeting. The
secretary was given authority to call
a conference of the different organiza-
tiOns, including Parent-Teacher Asso-
Citations, American Legion Auxiliary,
D. A. R., Women's Clubs, ETC., to dis
cuss education. Consolidation of the
Bridgeville school district and Pro-
greSs district was confirmed, a favor
able vote having been taken in the dis
trict. Mrs. Virginia P. Culver and
Howard E. Hardesty were appointed
members of the School Board of the
Bridgeville district, the third member
to be selected by the other two.
Length of School Days at Middletown
The length of the school day of the
MiddletOwn schools as requested, was
adopted, as follows: $50 a. m. to y
M; 12.45 p. m. to 3.45 p. M, except
for grades, which were as follows:
$50 a. m. to 11.30 p. m., and from
12.45 p. m. to 3.15 p. m. The follow !
ing change was made in the summer /
school rules and regulations for 1925 /
relating to those teachers who made |
their regular certificates by the De-
cember examination: Whereas, A /
number of persons were permitted to
take work in the summer school at
The University of Delaware during the
year 1925, and reimbursement for the
same was approved on condition that
hey satisfy the requirements for a
regular certificate by the December
and Whereas, The rules
md regulations require that teachers
'eceiving reimbursement for summer
school expenses shall begin teaching
n September following the summer
school, and Whereas, 1t has been pos
'ible to fill teaching positions in the
tate with teachers holding regular
thus making it impossible
or teachers who have failed to COM
'lete requirements for certifcatiOn in
August to obtain positions, therefore
e it Resolved, That the above rule re- ;
-arding beginning teachers in Sep
ember be suspended for the present
ear, and further Resolved, That the
ecretary be authorized to reimburse
or summer school expenses all teach
rs, residents of Delaware, who sue
eed in fulfilling the requirements for
regular certificate by the December :
Smyrna times., 1925-09-30

Mr.. Stockly remained President of the
Bank until April 8, 1875, when he re-
signed, being succeeded by George H.
Raymond, who served until Nav 4.
1916, when David J. Cummins was
elected to the office, continuing until
his death, which occurred August 9.
1898. Mr.. Bell remained as Cashier
until November 6, 1884, when he re-
signed, and on 9th of the same month
W. II. Janney was elected to that DO
sition. After the death of Mr.. Cum
Minis in 1898, Mr.. Janney was elected
president, and he was succeeded as
cashier by Eugene Davis. On the
resignation of Mr.. Janney in Septem-
Der l, 1908, Mr.. Davis was elected
president which office he continued
until his death February 12, 1922. On
February 16, 1922, Charles J. Sudler
was elected president which office he
now holds. On the same date Edward
1. Porter was made cashier which Of
flee he now holds.
Old Bank Was RemOdeled Twice
The bank building was remodeled
in 1856, under the Presidency of Mr..
StOckly, Mr.. Bell being the Cashier.
and again in 1883, while Mr.. Cummins
was the executive officer. In January.
1878, also through the efforts of Mr..
Cummins, the bank was converted
into National Bank, and received its
charter as such April 4, 1878, which
was extended for another period of
twenty years in January 1898. The
bank has always been successfully
managed and has proved of great
benefit in developing and improving
the surrounding country. 1t is today
more prosperous than ever and holds
the confidence and respect of the
community. It's capital is $780,
100000 and its surplus $10O,O0O.0O and
undivided profits 100000. The officers
and directors are as follows: Presi-
dent, Charles J. Sudler; Cashier, Ed
darw 7. Porter; Teller, Clark NJ.
Knotts; BOokkeeper, E. Eugene Por-
ter; Corresponding Clerk, Miss Katie
J. Smithers. Directors: John w. Ar
thurs, Kenton; Samuel NJ. Taylor,
Kenton; Wilbert Rawley, Leipsic; J.
Harry David, Taylor's Bridge; James
A. Hart, Jr., Townsend; James H.
Roberts, Walter F. Keith, Edward G.
Walls, c. J. Sudler, Smyrna.
Smyrna times., 1925-09-30

Catches Rock Weighing Over 81 Lbs.
Tuck Reynolds caught a fine spec
men of rock while fishing off Bowers
Beach last week. The fish weighed
3712 pounds. 1t was displayed in
Smyrna by I. Howard Barwick.
Smyrna times., 1925-09-30
WALTER DONOVAN SELLS FARM
George and Ernest Council. Thorough
fare Neck, Buy 1t and Will Live on If

fare Neck, Buy 1t and Will Live on 1t
The Delaware RealeState & InSur-
ance Company has sold the Walter f.
Donovan Ufarm, known as the Sheriff
Robinson farm, in Thoroughfare Neck
comprising IS 0 acres to George and
Ernest Council of near TaylOrs Bridge
at private terms. About fifty acres
of 1t is a salt hay and a trapping
marsh. The Council Brothers will
move there and occupy it March l,
next.
Evening star., 1925-06-27
EVERYMAN'S
INVESTMENTS
BY GEORGE It. HUGHES.
EMPLOYE INVESTORS.

The number of large railway sys-
TENS which are now encouraging and
aiding their employees to become Sc
cIrity owners in the compa nies for
which they work is IA. Some of them
help their employees to acquire COM
mon stock. some Of them to buy pre-
feFred stock and some of them to take
bonds. The Lehigh Valley was the
first to inaugurate a stock ownership
plan for their employees. The Penn
sylvania at this writing has the larg-
est number of employees registered as
stockholders
The advantages Of this method of
interesting railway employees in rail-
way securities are obvious. The pub
1ic utilities have been doing the same
thing long time along with their
scheme OF selling stock to their Gus
toners. In the industrial field the Sue
cess of the United States Steel Cor
poration's plan toward aiding its
workers to become partners in the
business Is we'll known. So far the
railroads have not extended this idea
70 their customers except when the
New Haven financed a bond refund.
ing operation by selling new securities
to manufacturers and business men
located along it's lines.
one point, however. should be made
>iSoi oiiu lndl is tfNat the emplOye,
whether Of a railroad, a utility or an
industrial organization, who purchases
securities Of the company by which
he Is employed takes exactly the same
kind of investment risk. no more and
no less. as does the outside investor.
The employe has the advantage of be.
Ing In closer touch with the operations
OF his company, but sometimes that
closer touch obscures his view as to
the investment setting OF his security.
In other words, the employee ought
to understand when he buys stock, for
instance that he is on the same foot
ing with the outsider as far as the re-.
turn from his investment goes. The
same rules apply to his investrrnents $
as do to the outsider. This Is not
written to discourage buying of Sc
curities by employees, but merely to
make clear the nature of the invest
ment.
Copyright 1925)
Evening star., 1925-06-27
MAY PHONE INCOME
LOWER THAN APRIL
Operating Earnings, However, Are
Above Same Month Year
Ago, Report Shows.

Net operating income of the Chesa.
peake and Potomac Telephone Co. for
the month of May. according to fts
report filed today with the Public Uttl-
tiles Commission, was $121.402, q drop
from the previous month, which show
ed S149.15 for the same item. It was
an increase, however, over the same
month of May last year, when the
company's net operating income was
Sis 1856.
Net income for. May was given as
s119, ,436, as compared with t14S,5s4
for April and S119.134 for May, 1924.
Net operating revenue for May was
1882 1855. as compared with $193.07e
for April and s156,623 for May, 1924
Plant and equipment added during
the first five months Of 1925. the com
pany said. totaled s1.026,073.80, while
there were retirements of $351.5744I
Total operating revenue for the
month of May was $53S.665, as COM
pared with s541,305 for April and
s502,934 for May of last year. Total
operating expense was s376.310 for
May. 1925, as compared with $34s,-
235 for April. 1925. and $346,311 for
May, 1924.
Evening star., 1925-06-27

expect to exceed that OF 1924 by
big margin despite early drought. Some
of the New England cotton mills are
preparing to extend the July Fourth
vacation owing to lack of orders.
Raw silk prices have shown firm.
ness both here and in Yokahama. The
shoe industry did little more than
maintain it's pace.
Railroad Travel Heavy.
The volume of vacation and tourist
travel is getting into full swing, and
reports from tourist centers in the
west indicate the number Of visitors
will be well above that for last year.
Movement Of revenue freight also
is heavy and the carriers apparently
have their equipment in excellent
shape.
Retail Sales Fair.
Pre-inventory sales held during the
week were thoroughly satisfactory,
according to- reports from scattered
sections, but the volume Of retail
trade in general has been only fair
Some of the most encouraging re-
ports of conditions come from the
Northwest, where q prosperous out
look - reported all the way from
Michigan to the Pacific.
Evening star., 1925-06-27
RAW PRODUCTS LEAD
u. S. IMPORTS IN MAY
Totaled s135,737,00O, Against
$104, 164, 900 for Same Month of
Last Year, Report Shows.

Raw materials for use in manufac-
turing constituted the largest item of
the country's imports for May. while
on the export side manufactured goods
made up the largest total and account
ed for 45 per cent Of the entire May
export.
Commerce Department figures for
May with comparisons with May, 1924
follow:
Imports: Raw materials for use in
manufacturing, S135, 900. against
$104 .164. 600; raw foodstuffs. s34.16s.-
900, against S37,484 900: foods ready
for consumption, s39 .s96 900, against
50,5S1 900; partly manufactured goods.
s56 ,206, 900, against s4S,652 900: fin
ished manufactures. $50. 1892 900.
against SCI ST. 900
Exports: Raw materials for use in
,s,e ,enfacturing. s65 $40 900. against ST.
047 900; raw foodstuffs, S35,626. .000
against s1o.63s. 900: foods ready for
consumption. S41 ISL 900, against S37,-
452 900; finished manufactures, $685.
057 200. against s147.34S,oo0; partly
manufactured goods, S5S.93S,00O,
against S53,103,0 900.
Evening star., 1925-06-27
BY STUART p. WEST.
Special Dispatch to The Star

Special Dispatch to The Star.
NEW YORK. June 27.-The stock
market has had the best week since
the close of the Winter. 1t has shown
increasing interest on the buying side.
larger and more numerous advances
in selected stocks and many high rec
ords. All this points to an expanding
outside participation in what is going
on in Wall street.
The forward movement has per-
sisted In face Of the rise IN money
rates to per cent, which represents.
not new top, but a return to the
highest Of the year. Probably the
money advance is simply incident to
the collection of funds needed for mid
year disbursements: therefore is only
temporary factor. Still 1t calls more
attention to the enormous volume Of
present Wall street loans. q volume
estimated to be greater even than that
OF 1929. and certainly greater than
that of the big speculation in the war
years.
The upward turn in money, whether
dampen!ng effect upon the investment
market. United States Government
securities came down at the close OF
the week, after having reached IN
some instances new high figures at
the outset. In proportion as the force
of the investment background Is
taken away the stock market position
assumes less secure appearance.
Market More Speculative.
There was nothing at the close of
the week to indicate that operations
for higher prices were nearing an
immediate conclusion. Still they did
assume a more artificial, more
highly speculative aspect. OF course,
IL
go ahead far beyond the bounds
which conservative sentiment would
sanction. The point which good
Judges are making about present
conditions Is that they have not
reached the stage where suspension
OF activities on the buying side is
predicated at once, but that they
have entered the risky stage.
Motor Mergers Expected.
SO far rumors of consultations in
the automobile field have been de-
MED. But there are many who
think that under the pressure of
| competition, the ultimate sequel will
be a concentration Of motor produc-
ton into larger units after the same
fashion that the mergers In the steel
trade were put through in the first
few years of the twentieth century
and again in 1929. In the mean.
time, the automobile producers as a
rule are far better situated than the
steel producers were 25 years ago,
because they have no excessive capt
| tai to live up to and are able to do
| business at comparatively high prices,
provided they can keep their produc-
| tion going the way it is now.
The general business situation con-
tinues good deal mixed. New orders
Evening star., 1925-06-27
Many High Records Feature
Weeks Adpance in Stocks
Market Reaches ~Risky Stage" as Public
Joins Buying Side-Trade
Reports Vary Widely.

are increas sing at the steel mills. but
prices remain Unsatisfactory With
copper, the fact that the price ad-
vance Of a week ago did not keep on
has not been encouraging to owners
Of copper securities. The oil trade
has seen some further advances and
Is hopeful Of more.
Another raise in tire schedules ls
indicated for the first OF next month.
The grain markets are waiting for de-
veiopments in the crop situation
Where cotton has improved. 1t mas
been on the weather news rather than
on the picking up OF the demand.
Speaking OF the cotton goods Industry.
Dun's review refers to the additional
declines which have occurred In some
branches Of the trade as further mar
rowing manufacturerS profit mar
gins"
Sugar Prices SaEging.
The sugar industry Is another
doubtful spot, with fresh sagging or
prices toward the end of the week.
The market is confronted with the
huge crop from Cuba estimated at
over 5000. 900 tons. The statement Is
also made that the low prices are ap-
parently not discouraging production
and that preparations are going for
ward for another big harvest next
season. The main consideration which
keeps the market steady IL the usual
economic rule that low selling prices
stimulate consumption. and tSs sng-
gestion is that the prospective great
output of sugar this year will bn at
least in part Offset by a Target de
mand.
Why Franc Is Declining.
What Is to be said on the subject Of
French finances more than has been
said very many times during the last
three and half years? Part OF the
world recognized as long ago as 1922
that state Of imitation existed which
was constantly getting worse. An
other part Of the world refused to see
this, and every time the franc went
down attributed the decline to "manip-
ulation."
Now no pretense is made that this
fresh downward plunge In the franc
is due to artificial pressure brought
about by the enemies Of France, or
else by selfish commercial interests.
The franc Is going down, first. because
Of the great imitation which has finally
been admitted in the governments
account with the bank and in the
paper note circulation and. second, be-
cause Of the candid assertion from the
highest sources that the budget has
not really been balanced.
Italian Situation Different.
The Italian situation liz different
from the French, although It is true
that the lire has fallen to minimum
figures. In Italy's case there are some
adverse economic causes at work such
as the failure to fund the foreign war
loans. But the suspicion Is that. joined
to these, are certain political con-
sfderations which are at present some
what obscure.
Copyright. 1921
Evening star., 1925-06-27
FINE CHANCE TO SELL
MOTORS IN EUROPE SEEN

NEW YORK. June 27 CP.-W. r.
Angel, executive vice president of the
Continental Motor Corporation, sees
excellent opportunities for increased
business in Europe. Negotiations
have Been opened with makers of sew
eral of Europe's best known cars, the
field there being particularly good
with bus manufacturers as new lines
are being instituted in England
France and Germany.
LIe believes the company would
it largely from this business, as
re is no duty on gasoline motors
-. industrial purposes.
Evening star., 1925-06-27
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star Once

electric refrigerator companies. nota-
bly, Niser Corporation. which was
quoted above $53 a share, and kel-
yinator. So much has been said about
the expansion which has been going
on in the industry that 1t was not
surprising that this class Of stocks
should have continued in demand
even at prevailing prices.
The oil shares were not particularly
responsive to the announcement that
the Texas Co. had advanced quota
tions Is cents a barrel on most grades
of crude oil
Evening star., 1925-06-27
CLOTH MARKET STRONG.

NEW YORK, June 81 (SpeciaD.--
The market for cotton cloths was
strong and active today although
standard print cloth showed little
change in quotations. Raw silk con-
tinued its upward trend on flrmness
locally and in the Orient. A general
advance of 5 cents a pound was re-
corded in all grades.
Evening star., 1925-06-27
COTTON PRICES FINISH
WEEKAT HIGHERLEVEL
Liverpool Cables and Texas Dry
Weather Are Chief Sat-
urday Factors.
By the Associated Press.

by VIE AeSOClatcU FreSs-
NE" YORK. June 27.-The cotton
market opened firm today at an ad-
vance Of IS to % points on renewed
general buying. inspired by higher
Liverpool cables. apprehensions of
continued dry weather in central
Texas and rather more encouraging
reports from the domestic goods trade
October contracts sold up to 24OO
before the end of the first half hour.
a net advance of 25 points and a re-
covery of SO points from the low level
of Thursday. Realizing checked the
upturn at this figure, but prices held
steady.
New York cotton futures closed steady at
Evening star., 1925-06-27
TIRE MERGER COMPLETED.

NEW YORK, June 27 OP.-Lee Tire
and Rubber Co. having completed it's
consolidation with the Republic Rub
Der Co. Of Youngstown, whereby
larger economies were effected, is now
operating on a profitable basis, Vice
President Garthwaite said today.
Current sales are the largest In the
last two years.
Evening star., 1925-06-27
j. s. PROSPEROUS
AS HALF YEAR ENDS
Auto Output Slows Up-0iI
Trade Gaining Every Day.
Retail Sales Fair.
BY j. C. ROYLE.
sneciaI Dispatch to The Star.

NEW YORK, June 27.--Preparations
for winding up the fiscal year and for
the independence day break in COM
merce and industry have been in evil
dence during the last week. This has
been a thoroughly normal develop
ment and does not reflect any lessen
ing of business enterprise or pros
perity. AS one big contractor put 1t,
1T Is the breather which gives man
a chance to spit on his hnads before
he tackles the last half of the year"
Steel production in Pennsylvania and
Birmingham continued at a steady
rate, but mills irf the northern Ohio
and Chicago districts. showed a fur
ther curtailment. Steel men declare
their difficulty Is not in volume OF
business booked, but in the low level
of prices.
Auto Makers Cut Output.
Some automobile factories are COM
mencing to reduce output, as Is Gus
tomary at this season, but others are
pressing production and are behind in
deliveries. The firmness of the situa-
ton is indicated by the fact that in
dustrial employment in Detroit In the
last week rose ,072 to remarkable
total of 240,927 workers. This Is a
gain of $4,000 since January /, and
compares with 100000 year ago.
The non-ferrous metals gained no
ground. Copper was affected by sales
abroad by German dealers at figures
below the American level.
Automobile tire production in the
Akron districts continues well over
100, 900 castings a day. With crude rub
Der up around IS cents pound, there
is every indication that there will be
another advance in tire prices, rang
ing from to 10 per cent. Demand
continues heavy, with no sign of slack
ening.
Oil Conditions Improve.
Oil has bettered its condition daily.
Production is showing a decided drop
and consumption Of gasoline Is ex-
tremely heavy. The drop in produc-
ton is due primarily to the slackening
of the flow of the Smackover wells.
the peak in that field apparently hav-
ing been definitely passed.
The coal situation shows little signs
of betterment. Appeals by dealers in
both anthracite and bituminous. urg-
ing householders to put in Winter sup
plies, have brought out little response.
Wool Market Much Stronger.
One Of the most striking develop
ments of the week has been the i'm
provement in wool sales and prices.
There has been a decided advance In
quotations in the Boston. Philadelphia
and Chicago markets. and sales on the
range have been at substantial In.
creases over recent bids.
The mills are taking more wool. and
there is anticipation in trade circles OF
a betterment in demand for worsteds.
Early Wheat Brings $1.65.
The weather has not been particu-
larly favorable for the grain harvests,
but the threshers are following the
cutting crews steaedily northward.
Farmers in some sections are getting
around $1.65 for their wheat at the
thresher, or 35 to 40 cents more than
they received last year at this time.
The political disturbances in the
Orient and along the Mediterranean
have not proved potent factors in the
markets.
Improved reports have been coming
from Texas as to. the prospects of the
cotton crop, which some experts now
Evening star., 1925-06-27
$1,000, 900 CONTRACT CLOSED

NEW YORK. June 27 OR.-Intn
national Combustion Engineering
Corporation Is understood to have
virtually closed $1,000,00O contract
with the New York Edison Co. for
furnishing, and installing furnaces
and fuel equipment for the new Edi-
son plant in New York City. The
contract is said to be the largest of it's
kind ever awarded.
Evening star., 1925-06-27
MINING EXCHANGE DOOMED.

COLORADO SPRINGS, June 27
iSpeciaD.-TheC Colorado Springs Min
ing Exchange, established in the boom
days OF Cripple Creek, is considering
discontinuance. The directors feel
that business does not warrant the
continuation Of operations.
Evening star., 1925-06-27
OTIS STEEL'S NET PROFITS.

NEW YORK, June 81 @.-Otis
Steel reports net profit of $3.50. .sS4
after taxes and charges. but before
depreciation. for the first five months
Of 1925, against a deficit Of $12l. l.7es
in the same period of 1924. Net profit
for May was S32S,564.
Evening star., 1925-06-27
LABOR GREATLY NEEDED.

MIAMI. Fla. June 81 tSpeciaD.-An
acute shortage Of common labor in the
building trades Is evident here and in
other large Florida cities where con.
struction is now extremely heavy.
High wages are attracting considera-
BILE labor from Georgia and Louisiana.
Evening star., 1925-06-27
ROAD TO SPEND $1.280, 900.

NEW YORK, June 27 R.-The
Missouri Pacific will spend $3.50 900
to install block signals on the Arkan-
sas division and construct q double
track between Cypress Junction and
Ranfnn Ark
Evening star., 1925-06-27

New Orleans Quotations.
NEW ORLEANS. June 27-Good
Liverpool cables and news of no over
night rains in the belt were respon-
sible for an active and firm opening
of the cotton market today. First
trades were 13 to % points higher,
and later in the morning October ad-
vanced to 23.46 and December 1852,
or % to rs points above the previous
close. The market then quieted down
and eased off slightly on reports Of
rain in central and southern Texas
New Orleans cotton futures closed steady
at net points up to l down.
Evening star., 1925-06-27
GERMAN BONDS AND STOCKS.
Quoted in dollars per million msrks.l

The sum of $45 900 has been paid
by a motion picture concern for the
exclusive privilege Of taking a film in
the famous casino at Monte Carlo.
Evening star., 1925-06-27

opening-July. 1880: October 1880
December. $3.50: January. 1850; March.
23.70.
Evening star., 1925-06-27
Query the Prom otter.

Query the Promoter.
Determine how much Of his own
money the promoter is putting into
his scheme before you decide to risk
yours. Don't take his word for it
make him prove It.