davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-05
NEW YORK BANK STOCKS

NEW YORK. June 5 Especially -
Active and weak at the opening on a
runor, later denied, that the Bank
of United States contemplated cutting
its dividend, today'S bank stock and
trust share market went through a
series of alternate declines and recoV"
cries, but closed fairly firm.
Bank of United States, which got
down to As in the early trading, wound
up near Sc, a gain Of 4 points. Chase
at 1874 was of q National City, 1855, on
4; Corn Exchange, ait, OF 2; rights,
22h, of a. Guaranty, $50, of IL;
Bank Of America, 1914, OF 8; Bankers.
1855, of IL; Central Hanover, 3S5, on
/; Chatham. 1856, of Q; Chelsea, 46, of
2; Chemical. 70. of /: Commercial, 52S,
of 8; Continental, 81, on III; First
National, $3.50, of IS; Manhattan, 1875,
OF g. Manufacturers. l22, of 8: New
York Trust, OF s.; Public, 1913, OF l.
The following were unchanged:
Brooklyn Trust, 100, and Empire, 80.
Part of the recent selling In Manu-
facturers Trust and some of the other
banks came from q former director and
his associates, who disposed of all hold
ings in which they were then interested.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-05
Corporation News

NEW YORK, June 5.-The following
is today's summary Of important cor
poration news, prepared by Standard
Statistics Co.. Inc, New York, for the
Associated Press.
News Trend.
Outstanding in the days corporation
news are the announcements Of place.
ments of pipe line orders aggregating
$50, 000, 900. This class Of business Is
the bright spot in the current steel sit
uation. Ship steel and reinforcing bars
orders also are large, but railroad re-
ouirements have fallen considerably,
and recently automotive business has
declined.
Dividend announcements of interest
are the reduction of quarterly payment
by Margay Oil to IS cents from so
cents and declaration Of initial dividend
by the new Pittston Co.
An equity receiver was appointed for
the Punta Allegro Sugar Co.
The Companies.
American Water Works g. Electric
April balance, after taxes, up 81 per
cent; IL months, So per cent above
Columbia Gas & Electric negotiating
with Virginia Electric g. Power for in
clusion Of Norfolk in natural gas plans.
Cooper Bessemer Co. gets $1,OO0,OOO
order from Missouri-Kansas Pipe Line
for fifteen 1000 horsepower compreSsors.
Interborough Rapid Transit Commits
sion to take legal steps to force compli-
ance with order that Interborough pur-
chase new cars costing about $14 ,0O0, 600.
International Telephone g. Telegraph
has purchased majority interest in
Lorenz Telephone A. @.
Lerner Stores May sales up 46.l per
cent; five months, Ala per cent above
year ago.
Loft, Inc, sues former officer for $2,-
OOO, 900, charging waste and dissipation
of assets while In ONCE.
Margay OIL declared quarterly div
dend of IS cents on common STOCK;
formerly paid so cents.
Mcclellan Stores May sales UP III per
cent; five months, ST. per cent above
year ago.
Phillips Petroleum subsidiary let's pre-.
liminary contracts for construction OF
80o-mile pipe line, costing ABOUT
$l5,o0o,00o.
Pittston Co. declares initial dividend
of 371k cents on common stock.
Punta Allegro Sugar equity receiver
appointed.
Standard Oil Co. Of New Jersey and
Standard Oil Co. of Ohio, have formed
Joint subsidiary for construction OF Sl5:-
600. 900 crude oil pipe line from MID
continent fields to Illinois.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-05
CURB SHARES DROP
! IN HEAVY SELLING
Various Groups Affected as
Pressure Is Exerted
on Whole List.
BY JOHN A. CRoNE.

Special Dispatch to The Star.
NEW YORK, June S.-Dull trading
and narrow price changes at the OPEN
ing of the Curb Exchange today turned
TO active selling and lower prices as
the session progressed. but bears were
not able to get far with their tactics.
Renewed weakness In investment trust
end trading corporation shares, feeble
attempts to push UP the natural gas
mously bullish in words If not on the
tape, and further softness in copper
securities were outstanding features of
the trading
Omission Of the Goldman Sachs trad
ing dividend two days ago caused many
rumors to circulate on the floor about
other dividend omissions or reduction.
AS Goldman Sachs sank to a new low
for the year, Transamerica. another Of
the prominent trading corporations, be-
came bear target
Transamerica, 1t was rumored, would
reduce its quarterly dividends.
Many trusts and trading corporations
sold lower. United Founders was down
almost point. Shenandoah preferred
was ~ points lower and Blue Ridge
convertible preferred fell point.
Convertible preferreds of trusts and
trading corporations, taken as q group,
have displayed consistent weakness
Many Of these issues have greater asset
value In back of them than they had
when they were selling 10 points higher
and most of them are covering their
dividends by safe margins.
The reported purchase Of Lone Star
Gas by United Light & Power started
short-lived movement in both stocks.
Bringing in of new wells and termina-
ton Of the when ISSUED period bettered
Duauesne Gas. United Gas, despite the
completion of its merger plans, con-
tinued slow.
stores and food shares showed signs
of strength at intervals. Carnation Co.
was up / u and United Stores up Ia
Swift International rose more than .
point before meeting resistance.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-05
Money to Loan

Prevailing interest and c0mmission.
Joseph |. Weller 1 "a. wI saS !; NV NV
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-05
BY CHARLES F. sPEARE.

special Dispatch to The Star.
NEW YORK, June $50 dull are all
Of the markets for securities, for money
and for exchange that movements,
otherwise passing without notice, are to-
day the subject of grave discussion Is
to their significance.
This applies to the current weakness
in sterling. This measure Of the bal
ances between London and New York,
as well as those at other financial CEN
tiers, is fiuctuating in low price area
around 1851. 1t would have to GO
quite a bit under this figure to start
gold movements. It is so low, how
ever, that it perplexes those bankers
who have made foreign exchange q life
study and who can see no more reason
why sterling should be acting so con-
trary to its seasonal trend than the
PLANTATION of the deafness OF his mar
ket, with its surroundings OF cheap
money.
Trade Settlements.
This is the time of year when ex-
change on London reflects the pur-
chases contingent on settlements for
Ln6 SuTlHleF GOuIISt IHhuS' AhAo olACSCS
sterling and francs and. with the ex-
panding numbers of Americans who are
spending a portion of their vacations
in Germany, it also reflects in German
marks. The word from the steamship
companies and the tourist agencies is
that fewer expensive European trips
are being planned this year, but more
of those of moderate cost, which
would take from the exchange market
some of its seasonal support.
Another theory Is the old one of the
flight of capital from England or
the increasing income imposts and fear
of capital taxation. This crops up every
time sterling hits the toboggan and Is
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-05
WALL STREET IS PUZZLED
BY WEAKNESS IN STERLING

always denied both in New York and
In London.
1t is mixed up with the tendency of
English investors to come into the
American market for securities when
ever they see prospects for q profitable
ride in them. There is the same sort
of difference to the American list of
equity stocks today by Europeans as
there was last year, but 1t is rather
passive Just as 1t is with the domestic
public.
Weakness in sterling has been asso-
ciated with exchange operations be-
tween London and European money
markets. For some weeks Paris drew
gold freely from the English capital.
The amount finally reached nearly ST.
600 900, of which about $53,000,000 was
taken from the Bank of England. Had
not this export reached such large pro-
portions, the rediscount rate of the
English Bank would probably have been
reduced to "a per cent. Sterling stiff
fened when the gold outflow ceased.
Now comes the fall In exchange here
to the lowest level of the year, which
seems to remove the prospect of a
change in the rate in London tomorrow.
Money Plentiful.
The worlds money markets are over
flowing with cheap, short-term money.
Rates are the lowest since the war. In
London two and three month bill are
quoted at IA per cent. In Paris
money has loaned this week at ! per
cent. In Berlin it Is 50 much under the
rediscount rate of the Reichbank that
q second cut in the official figure Is be-
ing considered.
TO some extent the backing up OF
funds into the short-term market has
to do with the reparations loans, for
which capital is being reserved. The
belief in banking circles in the United
States and in Europe is that once this
loan has been offered there Will be more
consideration for other forms of invest
ment. lro.r.,uu, ,0,o,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-05
GRAIN MARKET

CHICAGO, June S (P.-Comprehen-
sive advices suggesting that European
wheat yields this season will be rs per
cent less than normal lifted wheat
prices today toward the last. The re-
ports about probable curtailment OF
European wheat production were &C.
companied by predictions of large de-
mands upon United States, Canada and
Argentine shippers to make up the def
cit. There were also reports that the
Federal Farm Board is to loan rs to IS
per cent on the market price of the
1880 domestic crops of wheat and
cotton.
Wheat closed firm, ss-1h cents a
bushel higher than yesterdays finish.
Corn closed 1s-H cent advance, oats
a-1a cent up and provisions showing
3-35 cents gain
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-05
NEW YORK COTTON

NEW YORK, June Especially -
After making new low records for the
week during early trading, the cotton
market turned abruptly and recovered
81 a bale today.
Though weather conditions continued
favorable, the decline Of about "a f
cent had created an overSold technical
position and the combined demand from
trade and professional sources disclosed
a limited supply CT contracts at the
lower price levels. About the best prices
ings, with the list up 6 to 81 points
Spots were advanced 10 points to 1900.
Cotton range:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-05

Notice-An stocks sed In enc hundred share iots
excepting Designated By the letter (65s) 2S5l
which shows those stocks to Be sold In odd lots only
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-05
Acceptance Rates Reduced.

NEW YORK, June IP.--Another
reduction was made in bankers accept
ance rates by leading New York deal
ers today. The cut. Is Of l per cent.
affected all maturitieS. The new rates
are: 80, so and 90 days, ga and Us
per cent; 40 days, 23s and IA per
cent: $50 and $50 days, az and az
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-05

PREY lssO.-- stock ana Sales 49,. 49,.
Mont H&P. July l
X Mo Kan Pipe. June 2k 80 q u *
y Newport Co. June 20 20 h Il
"a y Twin NC "A. June 81 u II
pvidena in
annual payment
Payable Parable preferred stock
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-05
Add %. Open. aiT6. Low. ciOSS.
CHICAGO STOCK MARKET

By the Associated Press.
CHICAGO, June 5.-Following is the
complete oflcial list of transactions in
stocks on the Chicago Stock Exchange
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-05
TREASURY CERTIFICATES.
STOCK AND BOND AVERAGES
STOCKS.

BY the Associated Press.
From Yesterdays $50 Edition.
Milford chronicle., 1930-10-24
HUNTERS URGED TO REPORT
BIRD BANDS TO U. S

Sportsmen hunting wild fowl and
other game birds this season are
urged by the American Game Pro-
tective Association to keep a close
watch for bands on bagged birds and
report those found to the United
States Bureau of Biological Survey,
Washington, D. c.
Bird-banding co-operators of the
bureau, in advancing its studies of
North American waterfowl, have
banded game birds at more than so
stations in the United States and
Canada, from the Arctic regions
south to Louisiana and Georgia and
from Maine to California, officials of
the bureau announced. The Biologi-
cal Survey desires a report on every
banded bird that is recovered, and
requests the cooperation of sports
men. The report should state the
number printed on the band Gnclud-
ing any series designation, such as
A, B, or c. and the date and local
ity where the bird was obtained. In
return, the Biological Survey will
tell the person rendering the report
where and when the bird was band
ed, and send interesting information
ON the application of the banding
method to bird study.
Bird banding, as conducted by the
Biological Survey and it's 100 CO.
operators, furnishes a means of OBJ
tanning information regarding con-
servation measures. The banding
records of the bureau have furnished
much information on hunting and
conservation problems, such as
showing the regions that are visited
by particular concentrations of
birds. The solution of these prob
lens means much to the perpetual
ton of the sport of wild-fowling, and
sportsmen are accordingly urged to
examine the ducks and other wild
fowl in their bags and report band
ed birds to the Biological Survey.
Milford chronicle., 1930-10-24
LONG NECK

Mrs. ~ w. Prettyman of Stockley
was a caller here on Friday.
Mr.. and Mrs. George Warrington
entertained on Wednesday evening
Mr.. and Mrs. Loda Adkins of New
York, Mr.. and Mrs. Foster Shayhan
of Angola.
Mr. and Mrs. c. B. Gosiee, Mrs.
Elsa Knox of Harrington spent last
Sunday with Mr.. and Mrs. Frank
Parsons.
Miss Doris Steele spent Sunday
with Miss Olive Thoroughbred of
near Millsboro.
Miss Marguerite Burton of Cam
den, N. j., spent the weekend with
her parents, Mr.. and Mrs. V. P. Bur
tom
Mr.. and Mrs. Chas. Downs spent
Sunday with Mr.. and Mrs. James
Hazard.
Joseph Ruth of Philadelphia spent
the weekend with Mr.. ana Mrs. A.
c. Wilson.
Mr.. and Mrs. Sidney Downs and
children of Lewes were Sunday call
ers here.
James Hazard has a new ChovrO-
let car.
Mr.. and Mrs. Lloyd McGee and
children of Milton were callers here
on Sunday.
Miss Edna Parsons spent Satur-
day in Philadelphia and Wilmington
as the guests of Miss Radie Moore
and Charles Pyle.
Milford chronicle., 1930-10-24
CHAPLAIN'S CHAPEL

The Ladies Aid was entertained
at the home of Mr.. and Mrs. J. n
Russell and was largely attended.
Mr.. and Mrs. Floyd Macklin CT
Wilmington visited Mr. and Mrs. c.
L. Curtis on Sunday.
Mrs. N. S. O'Day entertained Mr
and Mrs. Vail of Wilmington and
other friends recently.
Miss Catherine Passwaters of
Wilmington spent the week end
with her parents, Mr.. and Mrs. Har-
ry Passwaters.
Mr.. and Mrs. Albert NislIy have
been receiving congratulations upon
the birth of a son.
The Misses Frances and Edna
Passwaters and brother. William,
and Frances Dickerson attended tie
meeting of the All Club OF Green
wood which took place in the
Grange Hall, Friday night
Mrs. J. NJ. Dickerson and daugh-
tel Frances visited MI and Mrs.
Burton Millmap Sunday.
The All Club Girls OF Bridgeville
met with Frances Dickerson at the
home of her grandmother, Mrs. l..
j. Vincent on Tuesday evening.
Margaret Hastings, president for
1929-1930 was in charge OF the
meeting. The business meeting was
Milford chronicle., 1930-10-24
HOLLYM0UNT

The Parent-Teacher Association
of the Hollymount school is giving
a Halloween party Monday evening,
October 81, at HOllymount school
We are going to have games. Re
freshments will be served. Admis-
sion, zoe for those unmasked; Ice
for those masked.
The first Parent -Teacher Associ-
alton meeting will be Tuesday, No
vember 18, at Hollymount school.
Miss Leona Hazel is spending
this weekend with her mother,
Mrs. Eva S. Hazel, near Dover.
Miss Bonnie Walker rlOtored to
her home in Newark where she will
spend the weekend with her par
ents, Mr.. and Mrs. J w. A. Walker
of College avenue:
Miss Charlotte Joseph is visiting
her aunt, Mrs. E. G. Hastings in
Delmar this weekend.
Mrs. Amanda Stevenson has re-
turned from Washington where she
visited her sister last week,
Milford chronicle., 1930-10-24
WARWICK

The warm weather of last week
has deserted us, and we are eXper-
iencing some wintry blasts at the
present time, cold, frosty and quite
thick ice on Sunday morning.
The Franklin City excursion
brought a number of visitors to this
vicinity on Sunday. ...
Mr.. and Mrs. Clarence Rust and
family of Angola visited his parents,
Mr.. and Mrs. A. L. Rust on Thurs
day evening.
Mrs. Iva Barto spent last Sunday
with her parents, Mr.. and Mrs. Geo.
Burton, near Clarksville.
Mrs. L. r. Lingo and Mrs. S. A.
Warrington were Warwick callers
on Friday afternoon.
Mrs. Eta Barto of Philadelphia.
Mr.. and Mrs. E. Il. Blizzard and
Miss Agnes Blizzard of Georgetown
we're visitors here on Friday even
ing.
Mr.. and Mrs. X. o. Warrington
entertained on last Sunday evening,
Mr.. and Mrs. Ward Mcgee and Mr..
and Mrs. Chas. Phillips of Oak Or
chard
Mrs. C. NJ. Downs has been num-
bered among the sick.
Now that the cunning season is
on, our local sportsmen are antici-
pating much pleasure on their
ducking expeditions.
Milford chronicle., 1930-10-24
MODERN HOME Is
PROTECTED FROM
WEATHER FOIBLES
Permanent Construction InsureS
Builder OF Safety And Comfort.
By John T. RYAN

Stone age man, building a home
in a ledge with the aid Of fire and
water and maui, might have spared
himself a lot of trouble and several
dashed knuckles by the simple eX-
pedient of making his home in a
tree. But in spite of stubborn rock
and very painful efforts, he insisted
on something of a more permanent
nature. Perhaps his logic was born
of an obstinacy which led him to
batter at the rock merely because it
was tough. More likely he was i'm
bued with the idea of seeking the
maximum of permanent protection
and comfort for himself, and fam
lily.
The Twentieth Century is a far
cry from that day Many foods are
almost pre-digested; upholstered
power houses whisk man from point
to point over smooth concrete
roads; sounds, thoughts and visions
are transmitted through thin air.
But be progress what it may, wea-
ther is much the same sort of thing
that it was in the ancient day.
Snow, hail, rain, windstOrm and
heat are still with US, Stone age
man built these things out by bor-
ing holes in a ledge. Modern man,
living in an accelerated age, can't
he bothered with such arduOus pro-
codure and so instead he makes his
dwelling out Of Il stone that he can
mold
From foOtings to chimney cap, the
truly modern dwelling renders COM
plete insurance against all kinds of
weather The surprising thing
about modern construction is the
ease with which permanent and
lasting results may be achieved. To-
day, man haulS up a concrete mix
er, shOvels sand, gravel and cement
into the whirling NAV and, with the
aid of concrete masonry units, rein
forcing rods, cement-asbestOs
shingles and headwOrk, lie puts up
a sturdy and comfortable dwelling
in a short time.
When the job is done he checks |
over the following things: he has a |
dry basement with a smooth and |
sanitary concrete floor; he has a |
concrete first floor which will per-
manently stop the possible spread |
of fire from below stairs; the ce |
ment-stucco exterior of his house is |
not only pleasing to the eye, it is
also permanent protection against
the elements and fire; the inherent
strength and stability of the fOun-
dations and walls are insurance |
against possible structural failure;
the roof line is a guard line against
rot and decay, fire and heat, rain
and snow; he has not only insured
himself of complete protection and
comfort, he has also minimized
maintenance costs and provided
himself with a piece of residential
equipment which has high resale
value.
Milford chronicle., 1930-10-24
PHILLIPS HILL

Miss Ruth Parker spent the week
end with Mr.. and Mrs. William \.
Hudson.
Mr.. and Mrs. Charles AIumford
and family spent Sunday with Mrs.
Flora Ellingsworth.
Mrs. Anna Schaffer of Philadel-
phia is visiting her sister, Mrs. Olice
DOnoway.
Miss Elsie Tingle and friend call
ed on Miss Beatrice DonOway Sun
day evening.
Mr. and Mrs. Otis West entertain
ed friends on Sunday.
Linford Plumber has returned
home after having been a patient in
the Beebe Hospital at Lewes for TIE
last five weeks.
Dale Atkins of Millsboro spent
the weekend with Harold Numford.
Mr.. and Mrs Horace Mumford
and family and Mr. and Mrs. James
MumfOrd and family were recent
visitors of Mr.. and Mrs. Henry Par
sons.
Mrs. Mary Parsons is visiting MI.
and Mrs. Luther Parsons.
Mr.. and Mrs. Frank Hudson and
son Earl called on Mr.. and Mrs. G.
S. B. Elliott of near Laurel on Sun
day.
Mr.. and Mrs. Frank DOnaway and
daughter Beatrice, also Dale Num-
ford spent Sunday evening with Dc
tective and Mrs. Ottie Donoway OF
Georgetown.
Mr.. and Mrs. Linford Mitchell and
daughter Betty called on Mr. and
Mrs. Green Mumford recently.
Earl Eingle is enjoying a new
Chevrolet coach.
Mrs. Sipple also Flossie Moore
and Reba Brittingham Of MillsbOro
called on Miss Beatrice DOnOway on
Saturday.
Mr.. and Mrs. Dallas Hudson were
dinner guests of Mr. and Mrs. Ottie
Donoway of Georgetown on Sun
DAY.
Mr.. and Mrs. Harlie Hudson and
family called on Mr.. and Mrs. l.. w.
Hudson on Sunday.
Milford chronicle., 1930-10-24

open with a song. The business
meeting was followed by a very de-
lightful social hour. Four tables of
bridge were played. Refreshments of
cakes, lemonade, bananas and can
dy were served.
Those present were as follows:
Misses Anna B. Moore, county club
agent, of Georgetown, Charlotte,
Mildred Butler. Rachel Stuart, Mar
garet Ryan, Beatrice Dickerson.
Mary Johnson, Myrtle Adams, Mil
dred Elliott, Bernice Adams, Esther
and Lillian Hyers, Margaret Hast
ings, Louise Wright and Frances
Dickerson. The next meeting will
be held in November and this time
Louise Wright will entertain the
girls.
Revival services are being con-
tinued this week.
Mr.. and Mrs. Henderson penuel
entertained Rev. and Mrs. Smith to
dinner last Tuesday evening.
Milford chronicle., 1930-10-24
MLLLSBORO

Gumboro school is in good run.
ming condition with an enrolment
of 145, in 8 grades. The faculty con-
sists of Miss Ruth Birmingham, Otis
West, Mrs. Elsie w. Wharton and
Clarence L. Wharton, principal.
The school has the signal honor
of belonging to the Delaware Art
Club. We are now enjoying the
awards given by the State Depart
ment in recognition of work done
last year. -Four local Art Clubs have
been formed this year.
Three members of the faculty at
tended the p r. A. meeting in
Georgetown, Saturday, October 4.
Fire Prevention Week was Obser-
we'd from October to 10.
Mr.. Rose, fire marshall, of Mills
boro, spoke to the pupils on Friday
afternoon on the subject Fire
Waste and How to Prevent It."
Milford chronicle., 1930-10-24
DRAWBRIDGE

The Forest Products Company of
Wilmington shipped another Large
load of piling to Philadelphia this
week. The barge Boyer No. ,, Cap
tain Ernest Joseph in charge, being
towed by the tug J. D. Raman of
Philadelphia.
Mr.. and Mrs. Andrew Carpenter
entertained on Sunday last the lat
ter's father, Nathaniel Johnson and
son, Theodore Johnson.
Greensbury Brittingham and fam
lily entertained several relatives
from Denton, Md, and also from
near here on Sunday last.
DeVerne Doty has returned home
after spending some time with rela-
tiVes and friends in Philadelphia.
Samuel G. LOckerman made a bus
mess trip to Greensboro, Md, on
Thursday last.
Mr.. and Mrs. Thos. o. Mitchell
and Mrs. L. L. Lockerman and
small son Robert spent Sunday last
with Mr.. and Mrs. r. T. Mitchell
and family of Lewes.
Services at Zion NJ. E. Church on
Sunday, October 26, as follows:
Sunday school $3.50 A. NJ. Ray
mOnd Lank superintendent.
Preaching services 1890 A. NJ, by
the pastor, Rev. Jas. O'Neil.
Epworth League services 1880 a.
A.
The preaching services have been
changed from the afternoon to the
morning for this Sunday due to the
Home Coming services at Whites
Chapel Church, Sunday afternoon,
allowing Zion members to attend.