davidaulloa/AmericanStories huggingface dataset:
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06
Claffi1ied Pace
RUGS-dusted and cleaned. u. S.
Laundry, phone Il. 3tf

RUGS busted and cleaned. u. S.
Laundry, phone Il. 3tf
IF YOU WANT hens that lay and
pay, order Hanson strain S. C..
White Leghorn baby chicks and
Matching eggs. Chicks SIG per 100
eggs, $3.50 per 100. Order early.
R. G.. Chalcrop, Richland. sep
CURTAINS CLEANED, stretched
and tinted a rich cream if lesir-
ed (no extra charge for tinting)
U. s. Laundry, phone Il. 3tf
FOR TRADE-3-room plastered
house, good shape. Toilet, sink,
water, lights, cellar, garage, chick
en- house, large lot, no incumber-
ance-for about 5 acres improved
Kennewick district. W-4307 Ever
EFT, Spokane. N. Sine. Sop
WOMEN ONLY-We make spec-
ial orders of pastry for all &C.
casions. Next time you threw a
party" let US prepare the pastry
or bread. Kennewick Bakery. 2Stf
LET US SHOW you the latest
up-to-date 1880 wallpapers. Will
call with most complete line of
samples. Estimates on papering
furnished free. Joe Nadig, the
painter, phone 1862. 45-49p
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

CHICKENS WANTED-It will
pay you to ship your live poul-
try and your eggs to Rodman's,
1907 Dock ST., Tacoma. Highest
prices and immediate cash pay
ment. dip
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

FOR SALE-At bargain, four
room house, terms to suit-for
responsible party. 81. j. Campbell,
phone 2301. 49-1p
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

WANTED to 200 tons of good
barn yard fertilizer. Will pay
SIPS per ton if located close in.
Church Manufacturing CO., phone
PIP. 49-50p
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

WANTED-We will pay 25c each
for the first two issues of the
rier-Reporter dated February
18th, 1880 brought to this office. =
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

'WANTED-We are in the mar
: ket for hogs and cattle. See us
before you sell. The Farmers Ex-
change. 49,. ~..z.. 3f
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

FOR SALE-Registered German
Shepherd pups, six weeks old. j.
R. Bockius. PIP. & L. office, phone
f08l. 45tf.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

TO TRADE-Five room furnished
house in East Walla Walla for
Kennewick city property. Mrs. G..
A. Humes, SOL Second Ave. East.
~-.-.-~- 48-9p
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

FOR SALE-White Leghorn, Bar
red Rock, Rhode Island Red, baby
hicks, eggs and pullets. Narragan-
sett and Bronze baby turks and
exgs. Custom Matching $500 per
tray of 11S eggs. Maple Tree
Hatchery, phone 34x5, Kennewick,
Washington. tic
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

.SALE-At bargain, new
4 1929 Ford coupe. 103 Kennewick
Ave. 48tf
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

IN IN sALE-40o Briquet smudge
eoa pSss, "a inches high, in good
W o ., 25c each fob Hanford.
= =. Slavens, Hanford, Wash. Acc
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

FOR SALE-Success cream sepa-
rator; Duroc boar for service.
Call IA mile north Hedges depot.
Fred Faloue. 1892
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

FOR Rhode island Red
Matching eggs at 75c per set
hing. Mrs. F. C. Woods, 108 First
Ave- or inquire at Hulet's 8-9c
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

GRASS STAMPS Weight and
grade stamps carried in stock,
also pads. Name stamps furnished
promptly. Kennewick Printing Co.
52p
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

BLEACHED 100-Ib flour sacks
$1.25 per dozen. u. s. Laundry,
phone Il. 3tf
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

WANTED-Up to 200 tons of good
barn yard fertilizer. Will pay
SIPS per ton if located close in.
Church Manufacturing Co., phone
212 49-50p
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

FOR SALE-Milk cows, fresh and
coming fresh. Lagates place on
ditch bank, Finley. 1872
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

foH SALE-Rhode Island Red
|,et. sss Tor setting, so cents Der
'lns' phone 272s. H. c. Zinser.
-. 49-1p
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

FOR SALE-Table and feeding
potatoes and carrots. Phone 273S
Frank Yoshino. 1892
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

stsm1 sa ALI your old
bold epon.s sandy containers, which
'A'S' kennewiek Printing Co. ..
SD
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

FOR SALE-No. GA Powers NOV
ing picture machine and outfit;
suitable for school, lodge, church
or home use; includes 5000 feet Of
good pictures. Will take 5000 or
trade for good car. See H. w. Ames
at Shoe Hospital, Kennewick. 49p
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

FARM FOR RENT-25 acres, pri-
waite electric water system, al
falfa, asparagus, grapes, rye, land
for truck gardening, corn. A. II.
Hawkins, Wallula, Wn. 49-50p
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

TRADE for Kennewick income
property-50 large lots adjoin-
ing Knob Hill addition Yakima,
Wash. Price $4,000, all clear.
Omar Rich, pioneer land man,
'Kennewick, Washington. 45-49p
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

ST., SALE Clarke Seeding
H. sp n?y plants, direct from
b aO1 River last year, certified.
t;el pasehe, phone 27s2, Kenne-
- 49-1p
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

WANTED-all kinds of cotton
rags. Richards Gest Motor COM
pany. TIC
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

son a,a al -! radio. Rea-
law yn i, aOr ;, selling, have moved and
L vict no electricity. Might consid-
l7111 as part payment. Phone
49D
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

FOR SALE OR TRADE-5 acre
tract irrigated land near Hayden
Lake, Idahs. Address n. L. Jones,
r. F. D. No. 2 Occur a'Alene, Ida.
l(lff
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

WANTED--About 1000 eggs
weekly to set. We are able to do a
large amount of custom Matching.
Hen eggs, $500 per tray of 118
eggs. Turkey eggs, $500 per tray
of 100. Maple Tree Hatchery, Ken
newfck, Wn., phone 34x5. tie
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

Inn. e Al, potatoes. So =
ktoes', ai a, sheap good eating po-
ass1 oimstead Farm, phone
47-51p
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

FOR SALE-Here is where you
get the most feed value for the
dollar. We handle a full line Of
Sperry's feeds and sell by the
pound, sack or ton. Specially low
prices on large lots. Phe Farmers
Exchange. 52d
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

FOR SALElTicket punches and
typewriter ribbons. Courier-Re-
porter. ~
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06
RATES

= Minimum charge 25c for :
=. ...h advertisement. Ads con- =
. tanning more than rs words .
lill be charged for at the ra'e : :
of one cent per word per IN n, : :
.ert;on. II prepaid, we will .
| publish ads five times tor the .
lice Of four. Copy must be =
: this office by five o'clock =
wednesday evening to insure .
4 classification. Ads received .
= later than that hour will be .
3 published, up to time Of going . :.
: to press, elsewhere in the pa u. =
. per.A-s
. $$+$$$*$+<re~
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

FOR RENT OR SALE-5-acre
tract. Mrs. Anna Olbrich, phone
SOP. 45-49p
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

Mr.. Holt carried several fertiliz.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

49,. NEUTRALITY-SUSPICIOUS. and
~ used washers-sE.0O
- q $500 per month-wbile
st. L. h. Raymond. 47tf
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1930-03-06

FOR SALE-180-lb flour sacks,
s1.o0 dozen. Kennewick Bak-
arv 26tf
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-10

sects into his cavernous mouth it points back
ward But the instant an insect comes within
close range out It dies ike dart and In goes
the helpless victim. A sticky secretion on the
tongue aids greatly in retaining the catch
do not believe n mother and father frog
worry very much when the generous seork
brings along several hundred baby frogs, known
as tadpoles. Just try to imagine what q strenu-
Gus life the parents would lead II they had 10
keep up with the demand OF tenscore or more
Of little frogiings for food. Goodnessl Those
two fork tongues would be piercing the air
night and day, and no doubt both Of the fond.
indulgent parents would "croak" from over
work. But usteni Mother Nature. the good
old soul, has fixed things up for the parent
frogs so that all worry and work have been
done away with; for in the beginning the little
tadpoles subsist on q vegetable diet, and water
vegetation is quite plentiful In most any frog
pond. Soon after they are Matched they shin
up q water plant and exist there while they 60
through many changes until. eventually, the
little tAds become full-fedged frogs and are ca
pable Of catching their own living.
Another interesting subject is a queer little
feathered fellow who searches for his food by
the light OF the moonor In the dark, and this
silent-winged night forager is none other than
the Screech owl. He has q weakness for mice
and Is also quite fond Of insects, but mouse
is fairly good meal for the screech owl He
devours everything and later expels pulp
through his mouth, containing the bones and
the fur Of the mouse. There Is little nourish-
ment In the hair and skeleton of rodent, so
nature provided way for 1t to be disposed OF.
In Autumn, when the corn is in the shock
and the moon blinks down upon him, the screech
owl saIlies forth upon silent hunt for his
supper. or perhaps all three meals combined,
for It's then the mice come out to play while
the cats are mapping on the hearth rug. But
the cat owl as the screech owl is known to
most rural folks. enters the scene upon hushed
wings and very efdciently takes the place Of
the family cat. It sails softly above the corn
shocks. and woe be to the indiscreet field mouse
that ventures from his Taastiing tepee to scurTy
over to his neghbor for visit, for two large,
round, Illuminated eyes are quite sure TO spy
him. Then the moon pales-for the mouse
for there's a snap of a sharp-hooked oeak
Without doubt there's many a slip 'twixt
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-10
WiM Life Haze Their Oz0n Ways Of Find
Ing, Serving and De7Ouring Their Food
Sometimes 1t Leads Them to Death and
Disaster, as the Pictures and Story by a
Nature artist Reveal

blame Mr.. BulIfrog IL he wishes to try some
thing q lot different than his usual diet. but it's
rather tough on the salamander, even If the
bullfrog does find it very tender. No, we cannot
blame the frog If he wished to partake Of o
refreshing morsel Of salamander for it must
be very tedious and tiresome to squat upon q
grassy pond bank for long spells at q time
waiting for q mosquito to breeze along, hum
ming sinister little tune to himself, or q stray
fly buzzing through the atmosphere, or perhaps
a speck of gnat, no bigger than nothing ct all,
to draw conveniently near so he can snap them
In gulp them down and blink his eyes-an done
quicker than one can tell it. It takes so much
patience and work to fill an empty stomach
with such minute particles. The delicious
salamander that the lucky bullfrog is dining
upon is as good as . pint Of such insects any
time, and probably tastes lot better. A SAL
amander Is what O frog calls square meal,
there's little doubt about that and he passes
up all the trifiing insects that ny by for a
week to come. Now, the frog forks in his food
with the greatest rapidly. use the term
forks for the frog has . forked tongue that
is attached to the bottom Of his mouth ut the
'front.' and when he isn't using 1t to fork in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-10


HH most always hungry. While hu-
man children are usually pro-
viied for by their parents with
cookies and delicious bread and jam, Mother
Natures children of the field and forest are
compelled 10 shake . wing or leg ana ME over
the land in order 10 pick up meal tine pest
they can II the bird or beast Is fortunate
enough to secure food, well and good, but II ne
fails he has to contend with his hunger ana
try again, It Is in this way that poor wild
creatures often meet their death, for they are
forced to search every nook and Granny to seek
out their quarry; so naturally they often meet
with hairbreadth escapes and, as have said,
sometimes an untimely end.
Take the red-tailed hawk as an example.
The MAGNIFICENT bird Of the azure sky is dining
upon duck Surprising some rambling hunter
saw the bird in the very act OF catching It's
prey and the hunter happened also to be good
uarksman, in the end the gunner would nave
the duck IL he wished 1t and the unlucky red
tail would lie where he fell, no more to spiral
on expansive wings, high up In the heavens,
emitting shrill, whistling-like screams as he
climbs.
The red-tailed hawk, let it be understood. is
a fine handsome bird. The occasions are ex-
tremely rare when he visits the farmyards to
carry away fowl; he Is satisfied with a frog
or a lizard. light lunch of insects or snack
Of reptile does very well to appeaSe his appetite
What keen vision has the hawk eye to see
these mites Of frogs. insects or snake that
blend so well with the surroundings. We are
very likely to stumble over q snake without
perceiving 1t stretched at our very feet. The
red-tailed hawk has varied menu, though 1t
would not appeal to any Of us, with the excep-
ton of frogs legs. If the snakes lizards, In
sects and even mice, which forgot to include
ON the menu. had reason enough to know the
season when the baby red-tails arrive. they
would surely keep shady. for mother and father
red-tail are securing the land far and wide with
twice the usual diligence and determination.
and are driven heller SHELTER In search OF food
and often, too, for the hungry mouths Of their
little ones are continually crying for something
to eat and. the faithful parents see to it that
those yawning little caverns are filled as often
as possible.
FROM the bird on high let US consider the
lowly bullfrog. It's a nice juicy salamander
that's hlling his mouth. No one. I'm sure. viii
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-10
BY LYNWOOD M. CHACE

~ OTHER NATURES children like
HH our Own boys and girls are al
Hk most always hungry. While hui
man children are usually pro-
~A viied for by their parents with
The Washington times., 1930-09-19
STREET. At ODDS
On MARKET

An attitude of uncertainty over
the course Of the market was evi-
dent in brokerage circles today.
The best that could be seen was
dull trading market with mar
row price fluctuations.
Clearly the market needs some
new kind of incentive. Sears
think this will be supplied by the
third quarter reports, which they
expect will be disappointing and
supply an excuse for liquidation.
Constructive interests expecs that
improved trade news as the au.
tUmn season begins will help the
market on the upside e. F.
HUTTON & CO.
Believe that today's market will
open approximately where It
closed at last night and that the
irregularity of last nights close
will spend itself in dullness and
that the course of today's trading
will improVe.-HORNBIiOWER &
WEEKS.
Yesterdays trading was very
light, uninteresting and appar,
emily to a great extent profes-
Sional. It provided no basis for
the formation of an opinion as
to the immediate course of prices.
M. j. MEEHAN a. CO,
The Washington times., 1930-09-19
FIR NJ
VOTES CHANGE
IN CAPITAL
Reorganization Planned for
American Agricultural at
Meeting of Stockholders

A plan for the reorganization
Of American Agricultural Chemi-
cal Company was voted today
by directors, subject to stock.
holders approval. The plan Is
to pave the way for resumption
of dividends.
A Delaware corporation Of the
same name has been formed, and
IT'S stock will be exchanged for,
shares Of the present Connect
cut company. The new company,
will have one class Of stock. This
will be q no par common, and
BIT 1875 shares will be exchanged
for the old company's stock on
the following basis: Share for
share for the present preferred
and one.tenth of a new share
for each share of old common.
The exchange for the preferred
will take 284,552 common shares
and 33,323 for the present com.
mon.
Back Dividends Out
The readjustment eliminates
the $39, 1897 ,406 profit and loss de-
ficit and the accomplished pre-
ferred dividends. These dividends
up to october /, 1880, viii aggre-
gate $16,219.464.
Shareholders must deposit their
stock in approval of the plan by
November l, 1890. Application
has been made to list the certifi-
Gates Of deposit on the New York
and Boston stock exchanges.
The new common traded in for
the first time today sold at
Al on the New York Produce Ex-
change. The preferred sold at
337s, up 3B, on the Stock Ex-
change, and the common at AZ,
off a point.
The management has let 1t be
known it will continue to reduce
the funded debt until the COM
mon stock Is the sole capital obli.
CATION. The Delaware company
is assuming the Connecticut com
pany's bonded debt of tx per
cent mortgage bonds, which as of
October / will total $7,90O,000.
The Washington times., 1930-09-19
Alton Holders Form
Protective Unit

Holders of the per cent non
cumulative stock of the Chicago
and Alton railroad have formed a
stockholders protective commit.
tee. There are 195.44O shares of
500 par of this stock outstand.
ing. Control of the road waC re.
Gently acquired by the Baltimore
and Ohio through the purchase of
the 31a and 6 per cent bonds. The
road had been assigned to the
B. 81 o. by the Interstate Com
merce Commission in its consoli-
dation plan.
Harry M. Blair, president of the
Associated Bond and Share Cor
poration, is chairman of the pro.
tective committee. The Bank of
America N. A. has been designated
as depOsitary.
The Washington times., 1930-09-19
WHY'S Head Sees
Good Trade Slams

A definite and encouraging up,
turn" was indicated by the 80
per cent increase in the August
business of the Willys Overland
Co., L. A. Miller, president of the
company declared.
Merchandising stocks rem
orally, not only in the autOmO-
tive field but in various lines,
are very low, and there is sound
reason to believe that the ship.
ment Of delayed orders for
finished goods and heavy wheat
shipments from the crop area
may continue the upSwing in
traffic contribution to railroad
income. After a prolonged de-
preston such as we have nad
there comes a time when a posi-
tive upturn in business is in.
evitable."
The Washington times., 1930-09-19
SERVICE
NET RISES To
S1.46 SHARE
Connecticut Electric Service
Also Shows Gain Over That
Reported for Last Year

CITIES SERVICE Coin the
year ended August 81 showed a
net income available for the
common stock Of $42,23l,929, or
$1.46 a share on the average
number Of shares outstanding.
This compares with $25, 5,605, ,322,
or $1.13 a share in the preceding
year. Gross earnings for the
year totaled $59, 100 1886, against
$39, 1886, ,689 the year before. Net
income for August before reserves
amounted to 5000, ,629, against
$2.242,475 In August, 1929.
CONNECTICUT ELEC. SERV.
CO.-Year ended August 81, net
income $4.965.749, against $780,
275 in preceding year.
PEOPLES LIT. e. PWR. CO.
Year to August 81 gross income
after taxes and charges $3,784,.
566, against $3,474,723 in like
1929 period.
SHUBERT THEATER CORP
Year ended June 80, net loss, $780,
203, against a net profit $1,076,-
376 in preceding year.
REYNOLDS SPRING CO.-Six
months ended June 80, net loss
500, ,046, against net profit $127,
651 in like 1929 period.
GAUMONT, BRITISH PICT.
CORP.-Year ended March 81, net
profit E219,424.
ASSOCIATED INV. CO.-Eight
months ended AUGUST 81, net
profit $656,165. or $7.44 a share,
against $619,337, or $6.98 share
in like 1929 period.
RELIANCE GRAIN CO.-Year
ended July 81, net loss $8.478,
against net profit of $640,787 in
preceding year.
IMPERIAL AIRWAYS, LTD
Year ended March 81. net profit
E60.13S, against E7S,S61 in preced-
ing year.
TELAUTOGRAPH CORP.
Eight months ended August 81,
net profit $232, ,282, against $214,-
S65 in like 1929 period.
SOUTHERN CAL. EDISON co.
Eight months ended August 81,
net income $l3,193, 1873, against
$13,189, 1862 in like 1929 period.
VEEDER-ROOT. lNC.-Twenty.
four weeks ended June 81 net
profit $128,557, or $1.70 a share
on 5,425 no par common shares.
FEDERAL 1T. G. TRACT. co.
Year ended June 80 earned
5000 a share on 474,791 common
shares.
FEDERAL MINING & MTG
Quarter ended July 81 net in
come $273, $50, against $765, ,443 in
like 1929 quarter.
The Washington times., 1930-09-19
GENERAL MOTOR
CAR SALES Up

During the month Of August
Genearl Motors dealers in the
United states delivered to con-
Sumers 86,426 cars, according 10
an announcement made today by
President Alfred P. Sloan, jr.
This compares with 80,147 in
the month of July and with 151.-
722 in August, 1929. Sales by
General Motors manufacturing
divisions to dealers in the United
States amounted to 76.140 cas-.
as compared with 70,716 in July
and as compared further with
147.351 in August, 1929.
Total sales to dealers, includ-
ing Canadian sales and overseas
shipments, amounted to $3.50
cars, or over $500 cars per day,
as compared with 79,976 in July
and as compared further with
l68.185 in August, 1929.
The following table shows sales
to consumers of General Motors
cars in Continental United
States. sales by the manufactur-
ing divisions Of General Motors
to their dealers in Sentimental
United States:
The Washington times., 1930-09-19
URGES CLEARER
REPORTS

Publication of inaccurate &C
counts leading an investor to be-
lieve that his investment is less
valuable and profitable than 1t
actually is, is almost as harmful
to the investor as it is to delude
him in the opposite direction, j.
M, B. Hoxsey, executive assistant
of the committee on stock list of
the New York Stock Exchange,
declared before the American IN.
statute of Accountants at Colo
RADIO Springs.
Mr.. Hoxsey criticized over-ccn-
servatism in accounting, and in
addition assailed the practice of
charging against capital surplus
items that should be charged
against earnings or earned sur.
plus"
In discussing stock dividends
Mr.. HoXSey declared that they
do not represent earnings.
"Under the laws Of various
States" he said, great lati-
tude is allowed as to the ac-
counting for stock dividends on
the part of the issuing com.
pany. The term stock divi.
dend,' as actually used, has a
very broad scope, covering every
shade of transaction, between
the split.up pure and simple in
the form of a stock dividend
and the proper capitalization Of
actual earnings. Much of the
confusion which has existed on
the subject arises from this lack
of an exact terminolOgy and Is
accentauted by the preSert day
Hactice Of crediting a greater
or less proportion Of the con-
sideration received for q stock
TO capital account, which, Is
already stated, is available for
either cash or stock dividends
under the law Of many States"
Mr.. FoXsey discussed the ques'
ton Of whether consolidated IL
nancial statements are as inclu
sive as they should be and sug'
gested methods of procedure.