davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-11-18

Like the speculative list; Thii8
some of these stocks may nh
come through, the others in this
investment group shoulda Elpre
than offset any depreciation Siaf-
fered by two or three. Immediate
purchases are not recommended, 4,
Some Stocks Too. High IS,
At current levels some of these
stocks are still high and are net
giving a fair return Of 5 or p
per cent. z.ne
The following table gives The
dividend yield and price ratio ,tD
prospective 1880 earnings: ~
The Washington times., 1930-11-18
Chicago Bonds Go
On Bid of 98.8477

Award has been made by Chi
cago'S Board Of Education of an
issue Of $12,500,0 900 4 per cent re-
volving funds bonds. due from
1882 to 1896, at a price of 98,S477.
The award went to a syndicate of
Chicago banks which also included
the National City. Co., Of New
York and the Bankers Co.. of
New York.
Offering will be made of the
bonds at prices to yield 4 to 4.20
per cent, according to maturity.
The Washington times., 1930-11-18
Borden Products
Capitalization Cut

ALBANY, Nov. 17-Certificate
filed with the Secretary Of State
by BordenS Farm Products Co.
states that the company's capital
has been reduced to $40, ATS, 900
from $35, ,0O0, 900. In view Of the
fact that BordenS Farm Products
Co. is 100 per cent owned by Bor-
den Co., the reduction in capital
Of the subsidiary is matter only
Of inter-company bookkeeping.
The Washington times., 1930-11-18
Nv FRANK r. LOOMS

Life insurance now mas an un'
usual opportunity for public ser
vice. The employment situation
throughout the country Is serious
enough to have called the or.
ranizational resources OF the
national government into use.
There are q large number Of men
qualified for life insurance sales
manship without work, because
Of mergers and Of the low level
Of business activity.
Bank officials, bond saleSmen
and similar types Of capable men,
whose abilities are easily adap'
table to life underwriting, may be
drawn into life insurance service
through organized recruiting cam
paignS. And q very large number
Of these men, once having tasted
the profits and the independence
of this new work, would make
it their lifelong vocation.
Good Time TO Enter
In these times when the stock
market, the bond market and
the real estate market are off
when people who ordinarily n
vest money are not investing in
anything because they do not
know what is safe, when bond
statesmen and security salesmer
are being laid off because there
is no business, 1t is q good time
for many good salesmen to enter
into the life insurance business
and perhaps make bigger sue
cess and more money than they
ever made selling securities, :eA
estate, ETC., If they understood
that life insurance is a wonderfG
investment. !
Life insurance has q popular
appeal to q man who Is lookins
for safe investment. A sub
stantial life insurance policy vii
preserve valuable assets and q
the same time solve future finan
cial problems. Contracts arr
written now to fit all kinds Of
cases and needs Of individual. |.
and q good insurance salesman
can readily determine the proper
policy to fill the needs Of hi.
prospect.
$100 = Month
For instance. assuming a mar
at age IS, wants to invest mOr1cS
each year for q sure retirement
income, for an annual deposit o.
$425.6O for thirty years, he car
The Washington times., 1930-11-18

This list represents virtually
every industry and the com,
panies are the leaders in their
fields, the majority with excel
lent dividend and management
records. While there are many
other companies and stock that
are well situated as these on this
list, the selections were made.
first to give diverSification, and
for an example in the case Of
Borden, because Of lack Of
bonded debt.
The average price for these II
stocks is $79.06. and purchase Of
one each would cost $1,344.O6.
The Washington times., 1930-11-18
Mexican Oil Taxes
LOUer This Month

Mexican oil production and
export taxes are less for Novem-
ber than those for October, with
tax Of 1929 cents a barrel on
light crude, 1883 cents on heavy
crude and 1861 cents on fuel
oil. Combined production and
export taxes are 21.207 cents a
barrel on light crude, 1851 cents
on heavy crude and 18.O21 cents
on fuel oil.
The Washington times., 1930-11-18
Wall Street
Hears:

That Bangor a ArOOstOOk
(BNK) win net about $3.50 .
share this year.
That Beechnut 2acking
(BNO) win net around $5.75 .
share this year.
That stocks can now be
bought with more assurance
than ut any time since July.
That Texas Gulf Sulphur
(TG) Is an attractive invest
ment purchase.
The Washington times., 1930-11-18
Ten Banks Deposits
Are SI3,868,O32.O 900

Aggregate deposits Of the 10
leading banks in the world are
$13, 1868. .032 900, according to o
compilation of the American
Banker. Four American banks ac-
count for 1886, 164, 900 of the to-
tai, while the British Big Five"
have deposits Of $7.826. .0S7 600.
One Canadian bank has deposits
Of $7O5, ,7S1 900.
The total compares with $l3,-
631, ,532 900 on December 81. 1929,
Of which the American banks &C.
counted for $5,O72, ,522. 900, the
British banks $7,794,383, 900 and
the Canadian banks $76A, ,627 900.
The Washington times., 1930-11-18
Local Stocks

Lanston Monotype, 10@103.
Merchants Transfer and Stor-
age, pfd., 1O@94A: 50@s4A: so
@94H.
Mergenthaler Linotype, 100
80h: 4089h; 2@89A; 1O@89A;
1O@89.
AFTER CALL
washington Gas, IS, 10000
los.
Capital Traction, IS, $1,0O0@85.
Washington Gas Light, 100 100.
Potomac Electric, 51as, pfd., 10
@107h.
The Washington times., 1930-11-18
PUBLIC F { AR S
BLAMED FOR !.
BANK CRASH
Thirty-nine Arkansas Banks
viii Remain Closed 5 Days;
"PubIic Hysteria" Is Blamed

LITTLE ROCK, Ark, Nov. 18
uN.S0.-'Public hysteria" was
blamed today for 80 Arkansas
banks suspending business for q
five-day period. Four other bank
ing houses closed for reorganiza-
ton or liquidation.
J The five-day suspension is per-
mitted under State law. A ma
jority of the 80 taking advantage
Of the act were affiliated through
A. B, Banks & Co., Of Little
Rock. The combined deposits. In
cluding those Of American-Ex-
change Trust Company Of Little
Rock, were given as more than
$27, 900, 600 in September.
Hit BY Failure
Board members of the Amcri-
can Exchange Bank, largest bank
ing institution in the State, said
they were forced to suspend pay
ments due to hysteria which fol.
lowed receiverShip Of Caldwell q
Co. Nashville, Tenn, investment
house. Heavy Withdrawals yes
terday forced the move, 1t was an
nounced.
Three banks in the group to
close had deposits Of $4,000. 600.
They included the Merchants q
planters Trust Co., Of Pine Bluff
the Merchants and Planters Bank
of Helena and the American-Ex'
change.
The Washington times., 1930-11-18
WATCH MART.
TREND, SAYS
EXPERT
TWo-Year Gain in 10 Stocks
Listed by the Spectator;
American Can Is Leader
IN THE SPECTATOR


The market has had all
the healthy" correction 1t
needs II it is really seriously
bent on going higher. A
further drop today follow
ing yesterdays weakness
would upset this hope and
also wipe out pretty much
all Of the gains of last week.
More bad news Is coming
out as lower exports, bank
failures In che interior and
Sm a aller copper sales.
Strength In grains is a little
too artificial to overcome
this. All in all there seems
little incentive to step in
and buy stocks yet.
The Washington times., 1930-11-18
Experts List

Since this is the open season
for picking winners in the mar
ket, Spectator adds his still,
small voice to the chorus and lists
below 19 stocks he believes Will
make as good, if not better show
ing, in the aggregate over the
next two years. Bear in mind
that the recommendations are
based on buying few shares Of
most Of these companies, thus
diversifying your holdings, and
not picking out 9ust one or two.
This gives an element Of safety
for even If one or two fall by
the wayside the others should
come through with flying colors,
thus making up any losses and
leaving "a bit" for the nest egg.
-
The Washington times., 1930-11-18
RALLIES
NOW, EXPERT
ADVISES
Economist, Pointing to Invest.
ment Rules, Declares ReCoV.
cry viii Be Necessarily Slow
BY LEWIS HANEY
Director New York UnlversIty Bureau
Of Business Research and Former
Economist Of Federal Trade


Economist Of Federal Trade
Commission.
AS anticipated. the stock mar
ket last week saw the most con.
siderable rally in more than two
months. There were many more
advances than declines each day
from Tuesday on, and represen-
tative averages" closed the week
about nine points higher. Even
the rails gained about three points.
Bond averages got back close
to where they stood at the end
Of the previous week.
Signs Show Reaction
Now the rally has gone just
about far enough, and signs
points to an early reaction. The
market was tested out on Satur.
day and showed reduced strength.
Some facts bearing upon the
present situation are as follows:
/. The rally has run to nor.
NAL proportions, having recovered
over half the ground lost after
October 28.
Rise Tapers off
2. The rise in the averages
shows signs of tapering off, par.
ticularly the pivoted issues.
8. The volume Of trading, after
falling off during the rally
picked up on weakness Saturday.
4. Short covering, which has
been chiefly responsible for the
rise, seems to have been largely
completed. One evidence Is the
reduction in loans.
Technical Affair
S. But the main point is that
the rally has been essentially a
technical affair and not based
on fundamental improvements.
These is no prospect of nearby
improvement in copper conSump-
ton. The recent concerted &C.
tion to restrict production Is not
only illegal but the extent that it
boosts prices will fail.
8. The fact is that business
news remains unfavorable. The
commodity price averages con.
tlnue to decline. Industrial &C
tiVity Is still on the down grade,
Force into Line
Z. Another fact Is that a good
many issues are still to be
brought into line with the ma
Jor1ty. Many good ordinary stocks
now show an average yield of
nearly z per cent, but several inn.
portant issues yield under 4 per
cent.
So the real investor should
make no change in his attitude.
Such rallies will come and 20
Pick up the good stocks that are
really cheap.
viii Continue Irregular
But remember that the market
Will probably continue irreg1Ilar
Tor two or three months. and
mat a new low average may vet
be seen. '~'
Traders should now take profits
or protect positions with ston
loss orders. S
The Washington times., 1930-11-18
VOGEL MADE DIRECTOR

Richard Vogel, vice president
and general manager Of Morrison
Electrical Supply Company, was
elected q director at the meeting
of the board Saturday.
The Washington times., 1930-11-18

/ do not recommend buying
these stocks right now. In fact,
it is not unlikely that many of
these will go lower before they
go, much higher, but I believe a
few like Auburn and Montgomery
Ward have been somewhere near
bottom and can be bought around
their lows for the year.
The list contains speculative as
well as investment favoriteS
ranging from Radio and Columbia
Graphophone, which at current
prices are just pure speculations,
to high grade stocks like Allied
Chemicals, American Can and
United States Steel. There are
also q few that will give you all
the run you want for your
money, for there are no faster
"Steppers" on the hig board than
Auburn, Case and Worthington
pump.
Electric Bond and Share was
chosen in the utilities above
some of its highly regarded af-
filiates like Electric Power and
National Power because it has a
big stake in these, which it will
reflect marketwise If any develop
ments materialize, and also be-
cause Bond and Share makes
big profits from security under
writings, thus making it double
barreled.
If there were only one stock
to be chosen I would lean
strongly toward American Can.
I am impressed with Cans man.
agement and it's ability to make
more money this year than last.
! can visualize the company'S
setting up new record earnings
in 1881 with the possibility Of
some stock melon for Sharehold-
erS. Can has made many mil
lionaires and will make many
more in the future, I believe.
Basis May Change
I understand that directors of
North American have been Civ.
ing serious consideration to elimi-
mating the present dividend basis
Of 10 per cent in stock and pay
ing a cash dividend instead. It is
not unlikely that q combination
Of the two will result. The prac-
tice of some companies. the util-
titles especially, of paying only in
stock has been criticized for some
time in many quarters in the
Street, opening up the question
of whether the capitalization isn't
being unduly "watered" paying
10 per cent in stock, as North
American does, means that the
capital stock is being doubled
about every seven and a half
years. Incidentally, the big liQui-
dation in North American took
place between 80 and 80, am
told.
Smart rubber men are bulliSh
on crude rubber. At current levels
it is selling about cents below
the cost of production. Domestic
consumption in October was bet
ter than expected, and there are
indications of declining produc-
ton in the Far East. Well in.
formed quarters look for an ad-
vance in prices soon. This will
help the tire stocks. -
Big Bears Away
With two of the biggest bears
away ct winter resorts, the bulls
The Washington times., 1930-11-18

YOur "traveI" worries can be elm
mated through the purchase OF . ear
az yOur own from one Of the reliable
dealers advertising in tOday's Classified
Ads.
Smyrna times., 1930-09-17

Now that Smyrna has a
new Board Of Health they
have only to walk around to
note a number Of nuisances
they might order abated. I'm
clean hog pens, cess pools,
stagnant pounds and the like
abound in Smyrna as we'll as
other places and need only a
notice or little law enforce
ment to better conditions.
Let US hope this new board
will be on the job and work
for a clean and healthy COM
munity.
Smyrna times., 1930-09-17
FOR SHERIFF

HENRY WILLIAMS, Hartly, De
Smyrna times., 1930-09-17

certain conditions. They are
the Columbuses of the air,
but the future development
of their demonstrations must
remain with science and in
vention. With the laurels
they have SO successfully
earned, they are being dined,
feted and honored from Pres
ident Hoover down. The
great ovation extended them
everywhere has not turned
their heads out has made
them feel they are only ''blaz-
ing the trail" for greater avi-
alton efforts in the future.
Smyrna times., 1930-09-17

and their crops than this re
port based on a careful sur
vey Of the farming areas of
Uncle Sans domains. The
falling off in the yield of the
essentials for our daily sus-
tenance makes obvious that
scarcity will force an advance
in prices for those commodi-
ties that constitute some of
our necessities"
Smyrna times., 1930-09-17

With their successful trans
Atlantic flight recently from
Paris to New York and their
further flight from New York
to Dallas, Texas, Coste and
Bellonte have completed one
of the two most spectacular
events in the history of avia-
tion. Lindbergh proved that
flights could be made across
the northern Atlantic from
west to east, and the French
flyers proved that it could be
done from east to west under
Smyrna times., 1930-09-17

L will be candidate for Sherif1
from First Representative District
of Kent County, subject to the de-
cision of the Democratic and Inde-
pendent voters of Kent County. ]
will appreciate your support.
AUSTIN D. SMITH
Smyrna times., 1930-09-17
For General Assembly

To the Democratic and Independ-
ent voters of Duck Creek Hundred
T wish to announce am can
didate for representative from the
first district of Kent County and
will appreciate your support.
9-17 2t G. FRANK GOOTEE
Smyrna times., 1930-09-17
POLITICAL ANNOUNCEMENTS
For Clerk of the Peace

To the Democratic and Independ-
ent Voters of Kent County:
I desire to announce my candi-
dacy for the office of Clerk of the
Peace of Kent county. If nominal
ed and elected, 1 will give the Of
fee my personal attention. Your
support will be greatly appreciat-
ed.
HENRY WILLIAMS, Hartly, Del
Smyrna times., 1930-09-17
For General Assembly

To the Democratic and Independ-
ent voters of Duck Creek Hundred !:
I wish to announce my candidacy
for Representative from the First
District of Kent County. I will ap-
preciate your support.
MATTHEW V. FORD
Smyrna times., 1930-09-17
For Clerk of the Peace

I am a candidate for Clerk of
the Peace, Kent County, subject to
approval of the Democratic Party,
and will appreciate your support.
ERNEST G. MACKLIN,
8-27 At Milford. Delaware
Smyrna times., 1930-09-17

our necessities.
The reopening of the pub
lie schools of the country has
revealed anew there are too
many teachers and shows
that a large number Of those
trained for the work must
seek employment in other
fields. The situation will not
be greatly changed the first
of October, by which date all
American schols will have re-
sumed for the year. There
are more teachers than posi-
tions in this State, while
Pennsylvania reports a wait
ing list Of more than 10000
and New York twice as many
piled, 50 is New Jersey, and
practically every State of the
union has more applications
for teaching service than will
have been exhausted in five
OF eight years. So greatly is
the supply over the demand,
it is averred, that if no more
women and men qualify as
teachers for the next decade
there will be quite enough to
fill all the vacancies during
that time. Consequently the
young people who have taken
special training in teaching
find themselves confronted by
the same unemployment
problem as has thwarted the
best efforts Of, actors and mu-
sicians to solve. The fact
that there are no places for
the young men and women
who have taken special cours-
es in preparing themselves
for teaching is most unfor-
tunate, but the suggestion to
close the normal schools and
institutions teaching peda-
gogy until the demand catch
es up with the supply does
not seem to be the logical
move to relieve the conges-
ton in the profession.
The situation confronting
unemployed teachers is in
deed distressing. They per-
haps have expended all Of the
money available to equip
them to be self-supporting,
are without employment and
without a knowledge that
would make them useful in
other lines of work. Indeed
there seems to be nothing
that can be donesto reduce
this vast oversupply of school
teachers which may reach
in this country-rep-
resenting an individual waste.
The evolution Of business
and the adjustment Of work
ers to modern conditions
bring many hardships in
their wake, but the rough
places must eventually disap-
pear as we finally solve the
succession of new problems
that are being presented to
the world of today.
With tb Dir. c,,ccaccf,r f,anc
Smyrna times., 1930-09-17

may be gained from the Fed
eral reporting board, which
finds that the blazing dry
heat Of July and August
knocked 82O,OOO,OOO bushels
Of corn off the predicted yield
and brought the entire out
put of the grain at only IT,
100000 bushels less than the
yield of American wheat
fields this year. The corn
crop is now estimated at less
than 2,OOO,O0O,OOO bushels,
instead Of 2,8O2,OOO,OOO, as
had been estimated earlier in
the season.
"The question now arises"
comments the Every Even
ing, will there be enough
corn to meet the feed de-
mands of the live stock of the
country. The general belief
is that there will not, and the
further conclusion is reached
that the corn belt States will
not have a surplus to dispose
Of to the 20 States that al
ways are obliged to buy corn.
Consequently, this country
may be forced to resort to
the new experience of seeking
corn from other countries to
feed our live stock.
"Other provender for do
mestic cattle is likewise
short. In tame hay there is
a falling off Of 100000
tons, and in wild hay the drop
is $4,000 tons and a short
age of 100000 tons in the
yield of alfalfa. Oats, on the
other hand, escaped the
blight of drought and exceed
ed last years crop by 1877
100000 bushels.
'It is interesting to note
that the total apple crop was
larger than had been predict
ed previous to the gathering
of the fruit. 1t indeed show
ed gain of 1,773,O0O bush
els, despite the fact that Vir-
ginia's orchards slumped to
the extent Of 100000 bush
els. Peaches showed many
upsets. For example, the
crop in California increased
100000 bushels, but the
total gain over preceding
years was but 100000 bush
els, for Illinois produced but
] per cent Of her normal
yield and Arkansas orchards
but 80 per cent.
"The survey also shows
that tobacco production de-
clined by 99,0O0,0O0 pounds,
while peanuts dropped 20,-
100000 bushels below last
years crop, and potatoes fell
to 100000 bushels below
last years crop, and potatoes
fell to 2O,OOO,OOO bushels be-
low 1925 yield or 53,000,-
900 bushels less than the five
year average.
Perhaps no other such
graphic analysis could be pre-
sented so what the extreme
heat and ten weeks or so Of
drought did to the farmers
Smyrna times., 1930-09-17
THE SMYRNA TIMES is an independen

THE SMYRNA TIMES is an independent
paper devoted to the welfare of the town
it represents and the State of which it
is a part. 1t also gives the items of
Importance of the Eastern Shore of
Maryland.
ADVERTlSEMENTS- Smyrna Times
is the business medium not only for the
town it represents, but for the outlying
district of which it is the center. en-
bracing the towns of Clayton. Kenton,
Cheswold. Townsend. Leipsic. &C. A rate
of SO cents per inch an insertion charg-
ed for transient advertising. Season or
yearly display advertising rates quoted
on application. For Sale. For Rent,
Lost and Found advertisements occupy
ing one inch space or less, a minimum
charge of SO cents per insertion. Public
Sale advertisements rs cents per inch
first insertion and so cents per inch for
each subsequent insertion. Locals and
Reading Notices. Is cents per line per
issue.
Smyrna times., 1930-09-17

Subscribe to The Smyrna Times,
S1.50 year in advance.
New Britain herald., 1930-01-06

ANOTHER ASPlRANT FOR THE TITLE-Al Singer
 ight and Primo Camera, giant of the ring and known the Italian Skyscraper. snapped while sparrng in the ring Stillman Gymnasium. New York. The work marked the first training for the towering boxer since his arrival from Europe try his hand in the
New Britain herald., 1930-01-06

SPEEDING REWARDED IN ENGLAND-A silver replica of the statue gold Charles Wakefield London the auto mobile racing worlds speed records recently The figure we-naed The Spirit of Speed and silver repes w be Campbell of the American Automobile Asso
 behalf the late Ray Keeh and Major D.
 worlds The noael handed the Royal Automobile Club tor sae keeping tintenaional Ne"sreeD
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1930-09-25
Butter One
of Choicest Foods.
Pro perly Served

Peanut butter is sometimes incor-
rectly claSsed as a luxury, but this is
far from the truth, for it now has a
prominent place in the daily diet Of
thousands. Peanut butter, carefully
made in Clearly manner, is one of ma
lures choicest foods, prepared for in
slant use, in its most acceptable form.
Peanut Butter Balls-Take one and
one-half cups School Boy peanut but
ter, one-quarter teaspoonful salt, the
whites of two eggs beaten stiff and a
dash Of cayenne. Shape into balls, roll
in cracker crumbs, and fry in deep fat
until brown.
Peanut Butter Sandwich De Luxe
To each rounding tablespoonful of
Rogers School Boy peanut butter add
one teaspoonful of boiled salad dress
ing and a teaspoonful of finely minced
sweet gherkins. Add a chopped stuffed
olive to this quantity or a little pimento
if desired. Butter thin slices Of white
or graham bread, spread with this
mixture and put a lettuce leaf between.
Peanut Butter Toast-Take two cups
OF soft bread crumbs, n cup Of School
Boy peanut butter, one-half cup OF
meat stock, and one-half teaspoon
fuls Of salt, one-quarter t~easpoonful