davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-07-12
SOAP JOINS IN
RANKS Of BIC
INDUSTRIES
Proctor and Gamble Company
Sets Increase of Dividend
Rate Second Time in Year

Soap has Joined the industries
showing no signs of business
depression. Tobacco, camera and
film are already on the list. Also
some divisions of the food
industry.
Proctor g. Gamble Co.,. 93-year-
old makers of soaps, has increased
its dividend rate for the second
time in less than a year.
The stock has been placed on
"a $2.40 annual dividend basis,
starting with the quarterly pay.
ment of so cents on August IS.
This stock, created by a five for
one Splitup last August, was
placed on a 50 annual basis at
that time. This was equivalent
to 50 increase annually on the
old stock. which only paid 50.
Company Expanding
Proctor & Gamble is carrying
on an aggressive expansion pro.
gram. 1t recently bought out
its old Chicago rival, James S.
Kirk g. Co., for reported price
Of $10.O00,O00. Officials are now
IN France seeking to absorb a
French soap maker.
An interesting development in
the company was the purchase by
j. P. Morgan & Co. of $50, 900 new
Proctor & Gamble shares at
$66.66 share last summer. Nor
gan holds an option to buy 80, 900
more at $50 share. The option
originally was for the purchase of
100, 600 shares. but Morgan & Co.
took in 10000 at $50. The option
has until August to run. It was
extended from February IL, last
The new stock sold today
around $68.50, giving Morgan a
profit of So a share, or $500, 900
on the 150. 900, while on the 10000
bought at 80, the bankers have a
loss of $11.50 a share, or Sis, 900
on the 10000 shares.
In the break last year the stock
got down to $43.121a, which com.
pares to the high price of $98
This year the range has been from
$7S.87h to $52.62Ka.
Earnings on Rise
Earnings have been following
an upward trend for several years.
In the year ended June 80, 1929,
net totaled $19,14S,934. In the
six months ended December 81,
1929. the net reached $11,63O, 500,
equal to SITS a share. Earnings
for the last six months are esti-
mated at $3.50 a share, giving the
company a net of 1925 for the
year. This compares with $1.97 in
the preceding year
Dividend have been paid on
the common stock since 1891 in
an unbroken record.
Assets exceed $133 ,O0O,0
The company has a large work.
ing capital-$60, SOC, ,757.
Proctor & Gamble today dis
putes the claim of Lever Brothers
to being the worlds largest soap
maker. In addition to its brands
Of Ivory, 1T Floats" P. & G.
Naptha and Camay, Proctor g.
Gamble turns out Crisco for
cooking and green-dyed cotton
seed hullS, used on the fairways
of miniature golf courses.
Whaling ships with the P. & G.
flag are found at the bottom and
top of the world. The company
uses 80 per cent of all the whale
oil imported into this country.
Cotton crop reports are pre-
pared and broadcast by the com
pany.
The Washington times., 1930-07-12
Warner Bros. Buys
Harris Chain in Pa,

Warner Brothers Pictures has
contracted to take over the Harris
chain Of theaters, according to
reports issued from the Warner
offices today. The transaction is
to take effect as of April 10.
Warner officials said. The Harris
theaters are situated throughout
Pennsylvania.
The Washington times., 1930-07-12
REVIEWS NOTE
LITTLE CHANGE.
IN TRADE
Business in First Third of
July Has Fulfilled Predic-
tions of a Dull Summer

Business in the first third of
July has fulfilled earlier predic-
tions of a dull summer in trade
and industry, Bradstreet's said
today in its weekly trade review.
Speculative markets, particularly
securities and wheat have dis
played more resiliency, the for
mer on growth of the idea that
prices are scraping on the bot
tom, the latter on talk of heat
and drought impairing spring
wheat prospects, thus partly off.
setting larger than expected win
ter wheat yields in the South
west.
Except for an after-holiday re.
bound in steel capacity to about
two-thirds rating, this more par
ticularly in the more westerly
centers and for more activity in
production of radio products by
the principal interest industry
has perceptibly slowed down for
a longer than normal vacation
period. In iron and steel, the
leading feature is the activity in
plate mills called upon for ma
terial for pipe works which are
active in producing to satisfy
what is conceded to be the most
active demand in the history of
gas and oil pipe making.
Automobile production for June
was smaller than in May ana
for the month and year is at a
point nearly 40 per cent below a
year ago.
The decrease in building in
June was the smallest in any
month of the past seven, this
more because of the quieting
down that occurred last year after
the Multiple Dwelling law be-
came effective and high money
had limited operations in a wide
area than because of much ex-
pansion in new house, office and
store construction.
The active road-making cam
paign has helped cement and con-
crete bars and given some en-
ployment to idle labor. In the
West the progress of tfe wheat
harvest northWard has given work
to some idle hands. Kansas farm
ers are reported shipping more
freely than last year but evi-
dences of holding for better prices
are reported.
There are more strikes reported
than of late, this particularly in
some building projects in Wash.
lngton for higher wages and in
Butte, Mont. The lumber trade
reports further reduction of out
put which is down to so per cent
in hardwood areas in the central
south and in the north Pacific
Coast States.
Large mail order houses are re-
ported to have cut. prices. Coal
mining has Slackened in Ken
lucky, western Pennsylvania and
Kansas. Lake trade is uuieter
than a year ago owing to reduced
iron ore and numbering op-
erations.
While there is very general
agreement that textiles are lag
ging i'll production, it is noted
that bag factories are active in
the Southeast and bathing suit
and heavy knit goods for fall are
selling well at Philadelphia. The
10 per cent increase in the bright
tobacco crop in Georgia is ex-
pected to shortly release a large
sum of money in trade.
The prices situation does not
show much strength except for
more steadineSs in grains on crop
impairment talk. Rain is needed
for cotton and corn in Texas
The Washington times., 1930-07-12
0racles

this banker is bulliSh and. that
banker is bearish, yet the Street
would give far more to know what
the House of Morgan thinks. The
rumor that the house on the
corner was buying was enough 20
send Standard Oil of New Jersey
squirting 3 points Thursday. A
partner in a large brokerage house
told me he understood Morgan
wasn't bullish yet. A few minutes
later a Morgan partner was
quoted by another reliable in
dormant as telling him that stocks
looked cheap at present prices and
that if they weren't buy now he
didn't know when they would be.
The break in American Radi.
ator yesterday on heavy selling
was accompanied by reports that
earnings for the first six months
were far below dividend require
ments. The outlook for the rest
of the year hinges on develop
ments in the building trade and
the company's business drive
launched recently. The dividend
is believed to be safe for the time
being.
Special Strength
Activity in National Power and
Light was credited to buying by
insiders. National Power has
good properties and is an Electric
Bond and, Share affiliate. but is
selling near 20 times earnings.
Merger with American Power and
Light and other Electric Bond
properties has been often rumored
in the past. Baldwin has been
strong in the last two days. BuSi
ness during the first half was far
ahead of 1929, but with railroads
retrenching to the bone, lean
second half at least seems certain.
Strength in Baldwin is generally
attributed to manipulation.
I am told that Packard won't
break IL and that officials of
the company are optimistic on the
company's outlook. Kelsey Hayes
Wheel and Motor Wheel are two
specialties mentioned as in line
to share in any improvement in
the automobile situation. Buying
in Timken' below so was called
one of the highest grade. Bear
ish rumors are in circulation
about Warner Brothers.
Meehan
M. j. Meehan, of Radio fame,
is expected, back from abroad to-
day. He will certainly be ire
mendously busy man if he does
half the Street is linking him
with. IT, This pool, that pool, this
stock, that stock, their number is
almost legion. I hear one mo-
ment that Meehan will push up
Jersey Standard, and the next
: this is pooh-poohed and Steel sub
stituted. The latest is that Nee
han will operate a pool in Jersey.
Hutton in Radio, and that Hum
BILE Oil on the curb will go up 2
points to either's one.
Texas and Pacific Land Trusts
action in buying its stock in the
open market and canceling these
certificates gradually reduces the
floating supply. The stock was
split 100 for 1 about two years
ago after selling up to around
5000 a share. The company
owns huge tracts Of grazing and
oil land in Texas.
The Old Order Changeth
Once Wall Street had the iron
clad adage of never going short
of dull market. This went by
the boards last month. A trader
of some 80 years 6: 4nding said
that bull movement always got
under way when commercial
paper went below 3 per cent. The
June break violated this, too.
The Washington times., 1930-07-12
WILDWOOD. N. J.
10000 VACATIOMSTS
CAN'T Be WRONG

Again wildwood and wildwood Crest.
the twin resorts On the New Jersey
Coast CS5 miles below Atlantic City,,
prove their claim as New Jerseys
most popular resorts" More than
10000 happy pleasure seekers were
here over July Fourth Weekend a
visitation equal in size to Bridgeport
Conn. or Grand Rapids Mich.
The railroads brought 1900 visitors:
buses 1900: while 46 338 automobiles
were here by actual count one
third as many as crossed the famous
Delaware River Bridge during the
three peak days.
For booklet and further information
write Bureau OF Publicity Chamber of
Commerce. wildwood. N. ].
WILDWOOD
~ NJ SE4 WILDWOOD CREST uG~ xRsx,
The Washington times., 1930-07-12
The Old Order Changeth

Once Wall Street had the iron
clad adage of never going short
of a dull market. This went by
the boards last month. A trader
of some 80 years 6: 4nding said
that a bull movement always got
under way when commercial
paper went below 3 per cent. The
June break violated this, too.
The Washington times., 1930-07-12

WashlngtOn's real estate values are
always stable; invest in a piece of 1t
today through tOday's Classified Ads.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1930-04-18
fG -YeHf lu.er
Press Agents Unknown
J to Medieval Writers

"A striking feature Of medieval lit
erature Is its general anonymity"
writes W. II. Schoheld In English
Literature from the Norman Conquest
to Chaucer." OF the many who wrote,
the names Of but few are recorded, and
Of the history of these few we have
only the most meager details. Nor is
this simple accident. Formerly, the
Importance attached to an authors
personality was far less than now. In
case either Of a narrative or didactic
work, 1t was the substance above all
that attracted attention. Originality
of matter was deplored as a fault.
Independence of treatment meant
to our forefathers contempt Of au-
thority, a heinous offense in their
eyes. 1t was as unsafe for story
teller to depart from the well-marked
lines of inherited tradition as for him
to disregard orthodox beliefs. And
even the greatest dared not present
new views without at least claiming
august support. A prudent author
sought a powerful patron in order to
insure success, or fathered his inven-
lions on some ancient worthy who
could not deny them. But the last
thing he would have deemed wise
would have been to copyright them as
his own"
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1930-04-18
High Position and Life
Sacrificed for Beard


There is al least one record Of a
man who gave his life for his beard I;
or died In consequence Of the fear of
losing 1t. The tale is attested In his
tory. 1t relates to Glllaume Duprat,
bishop OF Clermont, sufficiently en-
inent to sit In the council of Trent and
who is celebrated in memory con-
nected with the building of the College
Of Jesuits at Paris. On one Easter
morning as he was about to enter his
cathedral he was faced by three men,
bers Of his chapter, bearing among
them a razor, a pair Of scissors, a
basin Of warm water, cake of soap
and a towel. 1t was the end of Du-
prat; or the beginning Of the end.
Duprat's beard was patriarchal. 1t
was not approved by the prevailing
sentiment of the church at the time /;
and resolution had been adopted
calling upon him to remove 1t. He
had not removed 1t. Thus he knew
well what portended when these
ominous signs confronted him on the
cathedral porch. He turned and fed
with his beard. He found asylum,
or refuge, In his castle at Beauregard.
It was q cul de sac. He could not go
forth with safety to his beard. He
bent beneath his distress, sickened
and died-of a broken heart, says ira
dition, which is always as good as his
tory and frequently much BETTER
Boston Herald.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1930-04-18
French Nation Fosters
Time-Keeping Industry

The making of time-keeping instru-
.ments is one of the oldest and most
highly developed of French industries.
When the teaching Of apprentices In
the shops Of watchmakers became in
adequate for the development of the
trade, professional schools were estab-
lished, fostered by the state and sup
ported by the industry. In addition,
municipal school of matchmaking was
founded at Paris, nationalized school
at Lyons and a private school at
Dreux. Each year 100 to 125 watch
makers graduate from these institu-
lions.
The Industry has not yet been af-
fected to any extent by consolidation.
Many of the factories are little more
than workshops, where from 10 to 30
skilled workmen with hand tools and
a few simple machines turn out care
fully wrought products. 1t is thought
that the small size Of French estab-
lishments has the advantage of slim
ulating the workers creative ability.
New York Times.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1930-04-18
ORE TELEPHONES INSTALLED:
SERVICE IMPROVED LAST YEAR
Now 100000 Telephones Connected With Bell System.
At. T. Co.'s Annual Report Shows
49, 801 Stockholders

1t is in effect, In So per cent OF the
cases during the past year the GUS
toner's wishes were met.
Five years ago." Mr.. Clifford says,
''on an average there was trouble on
subscribers limo once In every Is
months as compared with trouble
only once in every 20 months now.
To-day 81 per cent OF the troubles are
corrected on the day reported"
1t was formerly necessary on prac.
tically all long distance calls for the
subscriber to hang up the telephone
after putting in the call and to be re.
called when the connection was
ready. In 1925 operating methods
were developed which made It pos.
sible to handle long distance calls
with speed approaching that Of
local calls. In 1929 more than 70 per
cent OF the long distance calls were
handled while the calling subscriber
remained at the telephone.
The mere publishing of telephone
numbers is large undertaking in
itself, the report shows. In 1929 there
were 100000 listings and $4,000, 900
directories were issued Steady i'm
provement is being effected in the ap-
pearance. ease Of reference and accu-
racy Of telephone directories.
1t is realized. Mr.. Clifford states,
that service which is good on the
average may not be satisfactory serv-
Ice to the individual who may at some
time, for one reason or another, re.
ceive service much below the aver
age. Every effort is therefore con.
stantly being made not only to reduce
the number Of errors and imperfec-
tions In the service, but also to locate
and remedy temporary abnormal con-
ditions.
Each telephone CALL" he says, "is
a transaction by itself and each GUS
toner is an individual. Although the
calls are numbered by the billions
and the customers by the millions, It
Is the aim to treat the customer and
his requirements ON the basis of per-
sonal consideration in each instance.
Service satisfactory In every respect
to each user is the ultimate goal"
At the end of the year there were
100000 telephones in the Bell Sys.
tenn, about 900,000-the largest mum.
Der In any year-being added in 1929.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1930-04-18
Inkhorn Precursor of S.iJ
Modern Fountain Pen

The inkhOrn was one of the earliest
Ink containers in this country. Car
ried at the belt, this horn of plenty,
taken from the head of some neat
animal, could be resorted to by the
attorney whenever and wherever bust
ness met him upon the highways. Au-
other old ink case which was worn at
the belt and included the short quill,
was made of pressed paper, darkened
with gum and oil to the semblance Of
leather and fooled with designs Of
tooth-mark and parallel lines. Its
height was seven inches and it was
made in three parts--the bottom con-
tanning the tiny glass bottle measuring
about two inches high and one across
and carrying a protecting cork, the
second part slipping down firmly to
cover the bottle, while the third part
or top, covered the quill. After many
years of use and later oblivion this
old ink and quill case comes to light
as hard as metal and, only where 1t
rubbed against the wearer's belt, does
1t betray the fact that 1t is of ancient,
rude paper and not Of well-tanned
hide.-Marion Nicholl Rawson, in the
Boston Transcript.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1930-04-18
A Love-Tree Lived On

Plymouth (Mass.) has a big linden
tree which has an interesting history
recalls an article in the Brockton
(Mass) Enterprise, quoting the late
William R. Davis, who spent his boy
hood in Plymouth:
"The tree was planted by a youth
full couple as memorial to their en-
gagement, but not long afterwards, in
1909, the engagement was broken and
the memorial was no longer priced by
the girl, in whose garden it had been
planted. She pulled it up one day and
threw 1t into the street. My father
picked 1t up and planted it where 4
now stands. He lived in the kduse
known as the Plymouth Rock house,
where he died in 1922. Under his
careful nursing the tree survived and
has grown into a beautiful tree"
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1930-04-18
British Gave Up Rights
on Mississippi River

The British government has main
tanned that treaties concluded by 1t
with the United States before the War
of 1912 were terminated by that war.
While the United States has taken the
position that the War of 1872 did not
necessarily terminate those treaties,
there would appear to be no doubt
that the provision Of article VIII of
the treaty Of Client, concluded on De
cember "a, 1914, endeavored to have a
provision inserted in that treaty which
would secure for British subjects the
right to navigate the Mississippi, but
the American negotiators being I'M
willing to yield to that proposal it
was not included in the treaty. In a
note dated October 80, 1915, from the
British foreign Office to the American
minister at London, published in Amer
lean State Papers, Volume ", page
354, and following, the right Of Brit
ish subjects to the free navigation Of
the Mississippi is admitted to have
been abandoned.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1930-04-18
Summer When Old Sol
Refused to Function

From various records, including the
famous diary of Charles Pierce, ice
and snow appear to have been mighty
occurrences during the month of June,
1916. July, whose average temperature
Is said to have been less than 70 de-
grees, also experienced ice and frost.
The mean temperature for the month
Of August dropped still lower than
that Of July, as much as an inch of
Ice forming on ponds during the cold
er nights, according to old chronicles.
Six inches of snow had fallen on the
eighth day of June, and in some parts
Of New England, 1t is said, the ground
remained white with snow throughout
the entire summer. Crops were gen.
orally frozen out and ruined, although
one story relates that the more re-
sourceful farmers managed to save
little corn by keeping fires burning
In their fields at night.-Kansas City
Star.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1930-04-18
"Humor" in Music

Groves Dictionary Of Music and Mu-
siclans says Of the word 'Humoreske"
(Humoresque): "A title adopted by
Schumann for his Op. 20 and Op. SS,
No. 2, the former for piano solo, the
latter for piano, violin and violln-cello.
Heller and Grieg have also used the
term for pianoforte pieces-Op. "a and
Opp. 0 and 10. respectively. There is
nothing particularly humorous in any
Of these, and the term caprice might
equally well be applied to them.
Rubinstein also entitled his Don Quiz
ote' 'Humoreske,' but the 'humor' is
there of more obvious and boisterous
kind"
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1930-04-18

Marked improvement in telephone
service as well as an outstanding
growth In the number Of telephones
are shown In the annual report OF the
American Telephone and Telegraph
Company for 1929. This report, made
to the 46s,S01 stockholders by Presi-
dent Walter s. Clifford, shows that
during the past ave years the aver
age time required for completing q
long-distance connection has been cut
more than one-half The average
speed Of such connections were re-
duced from rs minutes to "a min.
utes. The errors in local calls, which
were only two in 100 calls, have also
been substantially reduced and the
quality of transmission has been i'm.
proved.
The proportion Of customers orders
currently subject to delay because of
lack Of facilities and equipment has
been reduced from 10 per cent to 2
per cent. The average elapsed time
between receipt OF a customers or
der and installation Of service has
been reduced from ~ to 81 days.
The system OF installing telephones
on definite dates set by the customer
has been greatly extended and where
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1930-04-18
Thousand Carat Gem

A sapphire of record size, said to
weigh 1000 carats, is reported to have
been discovered near Mogok, in India,
in mine owned by some poor Bur-
mans. The largest sapphire hitherto
known was the jewel cut in the shape
Of cluster of flowers which was dis
played in the Bombay court at the EN-
pire exhibition at Wembley. 1t weighed
916 carats. For many years the sap
phire had been used as a paperweight
by an Indian state official, who did not
suspect its value and had allowed his
children to play with the jewel. 1t was
found to have a history going back to
the Twelfth century.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1930-04-18

rescue OF the other two. She grasped
one OF the girls and attempted unsuc.
cessfully to reach the other who sank
below the surface Swimming against
the outgoing tide she reached the shore
with the girl she had rescued Then
with her companions she rushed back
into the water and began diving to
locate the girl who sank. After an
hours fruitless search, she collapsed
from shock and exhaustion.
The citation covering these Vail
Medal awards. Mr.. Rooms states, in
the case OF Mrs Macmillan reads:
by her prompt and intelligent action
and use OF the facilities of the com.
pany. performed a valuable service
In protecting a community from
! crime"
The other citation reads: by this
combination OF courage, presence of
mind. and ability to act effectively
Miss Boyd risked her own life to save
the life OF one person and in an at.
tempt to save that OF another"
Vail Medal awards are made annu.
ally as memorial to Theodore N
Vail. late president OF the American
Telephone and Telegraph Conn any
Mr.. Vail was long recognized as one
OF the worlds great business leaders
and II was to his conspicuous service
In the telephone field that were large.
ly due the expansion OF the Bell Sys
tenn and the development of the art
Of telephony
Under the terms OF the establish
'ment. bronze. silver and gold medals
are awarded to members OF the Bel
Telephone organ; alton throughou,
The United States fri acts ~ service,
which cnhtn y illustrate MI
Vail'S Ideals - poi, service.