davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1931-10-22
LIVESTOCK

LOS ANGELES, Oct. %. U.P)-
Hogs, receipts so. Market steady.
Locals $3.50; good easterns quoted
S695.
Cattle, receipts 500. steers
steady, she-stock steady to Is cents
higher. Common to medium steers,
S5.35 to $3.50; MeXicans S4.75 to
$500. Plain heifers S4.35 to S5.75.
Bulk COWS $500 to $40.
Calves, receipts 300 Market
Imperial Valley press., 1931-10-22
Don't
Quote Me-
BY UNITED PRESS

WASHINGTON, Oct. %. UPl-
There are varying definitions of the
height Of indifference, but the
height of naval intoxication un-
doubtedly was achieved by a capital
visitor to the Yorktown Sesquicen-
tennial celebration.
Officers of the French cruiser
DuqueSne invited many guests
aboard who quaffed champagne. Of
which there was much-all perfect
ly legal, of course. One guest drank
well and often. Coming unexpect-
edly upon a bottle of Martinique
rum, this gentleman scampered up
to the crows nest and remained with
his bottle unil a French marine
climbed up TO report.
Sir, your barge is ready"
And there was the matter OF the
carpenters lunch. In a rehearsal
fun dreSs-of the Battle of York
town, General Lincoln turned to
General Washington:
Sir" SIRED General Lincoln, "aS
commander-in-chi of the Contin-
entail armies, will you not accept
the honor of firing the first shot
at the British?"
General Washington would and
did. AS the fuse of the old-time
field piece was sputtering an eX-
cited carpenter came flying across
the field:
For gods sake, fellows he
shouted, don't shoot that thing!'
But he was too late. Just as he
arrived the fuse touched the pow
der charge and the carpenters
lunch, which he had secreted in the
muzzle Of the cannon, was no more.
Then there was the matter Of he
flag-a French flag but supplied by
the quartermaster corps of the
United States army. 1t was run up
on a pole near the grandstand A
guard of honor came ashore from
the French cruiser Suffern. All day
French marines guarded the pole.
The moon came up and the sun
went down. A sergeant of the
United States army arrives, bent on
hauling down the tricolor to return
it to the quartermaster storeroom
for the night.
"Mais or!' protested the French
corporal.
But yes!" said the sergeant.
reaching for the halyard.
Non, non, non, non,' screamed
the outraged Frenchman, and he
pointed to the pit of the sergeant's
stomach a shiny sharp bayonet.
The sergeant retreated but re-
turned quickly with a squad of AM
erican soldiers.
And but for the arrival of a young
American lieutenant, the armed
forces of France and the United
States might have mixed bayonets
then and there upon the field where
French and American troops once
fought side by side.
The lieutenant advised the SER
geant to permit the French to haul
down their flag-or leave it up if
they so desired
Imperial Valley press., 1931-10-22

about steady. Bulk calves $5.75 to
S640.
Sheep, receipts 300. Market fully
steady Deck medium Utah lambs
$500; deck 106-lb ewes $3.50.
Imperial Valley press., 1931-10-22

To October l the range and
brush fires in Kern County this
summer had caused damages OF
S65 900.
Imperial Valley press., 1931-10-22
SOUTHERN CALIFORNIA

Fair but with some cloudineSS ov-
er west portion tonight and Friday;
mild temperature; gentle to mod
crate west and northwest winds
offshore.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27

sweet gray eyes and her steadfast
hearth
A fool, they say, is always short
in his reckoning. And | was fool.
For the reckoning came swift,
terrible ;. but revealing.
= +
Let no one say that man cannot
love as madly, as completely, as a
woman. This amazing story, "Their
Secret Passion" disproves it.
1t is mans story, but it is writ
ten for women. 1t lays bare mans
very soul for women to see-and
understand.
Frankly it is one of the most
moving, gripping, true romances we
have ever printed merciless pic
ture of young mans struggle to
be true to his own self, against the
lure of two women. A story of how
happiness and beauty came after
years of regrets, abasement and
sorrow. Don't miss Their Secret
Passion.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27

COMMITTING happened to me
- one night that | didn't believe
could happen to any sane man.
1t happened in an instant on a
street curb. In that instant an
emotion swept through me that was
to break my hancee's heart and
almost wreck my life.
I fell in love with a woman |
didn't knos'-a woman whose sta
ton was so far above mine that I
could never dare hope to know her.
Her name was Diane Hastings. And
she was the rich, beautiful darling
of the 400. I fell in love with her as
/ stood with Laura, the girl / was
to marry in a month, watching
society issue from an opera first
night.
That was the beginning. AS
weeks went by, my mind became
filled with images of her-images |
could not eraSe-her rounded BODY,
her lovely face, her half-cruel, half
kind eyes.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27
State Club
Leaders TO
Be HOnOYed

Mrs. G. ]. Buchanan win be host
ess today at a luncheon at the
Marott. Her guest win include Mrs.
Harry G. Leslie and officers Of the
State Assembly women's Club and
the indianapolis branch.
Mrs. Leslie's placed will be marked
by her own picture on a purple map
Of Indiana. The places OF the two
presidents will be marked by gavels,
and Of the treasurers by pocket
books.
The recording secretaries win have
sheafs Of note paper and very large
pencils, and the corresponding sec
retaries boxes Of note paper. The
members at large viii have maps OF
Indiana cut up into counties, and
the historians shears and clippins.
Covers will be laid for:
Mesdames Buchanan. Leslie. French
Clements. L N. Trent. Walter Myers.
Frederick Schortemeier. Roy N. Friedley.
Clarence Martin. Walter Behmer, o. oliver
Holmes. AIonzo Lindley. Sam Benz.
Arthur L. Giiliom. Joe Rand Beckett ana
Alfred Hogston.
The Wednesday luncheon meet
ing of the club will be held at the
Indiana School for Deaf, with Mrs.
o. NJ. Pittenger as hostess. School
children will present a program.
Thursday, at the Invitation Of
DR.. Thurman B. Rice, members Of
the club will visit the Indiana uni
YersitY school Of medicine.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27
Homemade
Rolls Fine
@~ Supper
By SISTER MARY
NEA Service Writer


Many hostesses like TO serve
warm, home made rolls for lunch
con or supper. II not wanted for
company, the family viii be sure to
appreciate them and ask for more.
The first rule, baked in the pop
uar clover leaf" form, Is particu-
larly good. Three small balls Of
dough are baked In each muffin
ring TO make the Glover leaves"
Glover Leaf Balls
One cup riced potatoes. 2 COM
pressed yeast cakes, II cup water
in which potatoes we're cooked, 2
cups milk, u cup lard, 1-3 cup
sugar, 2 teaspoons salt, 7h cups
-four.
Scald milk and add lard. Cool to
lukewarm temperature. Cool X
cup water in which potatoes were
cooked to lukewarm temperature
and add yeast cakes. When cakes
are dissolved add to milk with po-
tatoes, sugar, salt and Ia cups
-four. Beat thoroughly, cover and
let stand in a warm place for one
hour. Add remaining -four and
knead on lightly Toured board
for ten minutes.
Return to mixing bowl and let
stand two hours. The dough should
double in bulk. Shape into rolls
and let rise one hour. Bake thirty
minutes in a moderately het oven.
The large amount Of yeast used IN
this recipe makes it possible to
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27
Clarifying Yourself
BY ALICIA HART.

EVERYBODY who ever has been
= Ill in bed remembers the
pleasure Of those grand alcohol ruos
the nurse gave her.
Why, ask you, should you walt
until you're sick TO have them2
The majority Of women just
can not afford to hire a masseuse
to give them a daily alcohol rub.
But what is the matter with your
own good right and left arms?
OF course some of the effect is
lost If we give the alcohol rub to
ourselves. For there Is a sense OF
luxury in having some one else
use her elbow grease.
But, notwithstanding that, there
is much to be gained psychological
", as well as physically, from a
brisk alcohol rub after your hot
bath.
A LWAYS have the rooms tenn
"A perature more than warm when
you administer the rub. Pour q
little alcohol into your cupped hand,
slap 1t on to your chest and Shout
ders and alternately with your right
and left hands pat the flesh briskly.
Don't be content to merely pat
the flesh. Rub it, make it feel
lively, start the circulation or know
why!
Administer the alcohol to small
areas at one time. You can begin
at the shoulders and work down
or on the feet and work up. I adj
wise the former, since the body tin
giles much more easily if you get
the back Of the neck and the arms
massaged first.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27

shorten the length Of time required
for the dough to rise.
The next rule is excellent for Gin
namon, nut or currant rolls. These
sweet rolls are delicious with coffee.
Sweet Rolls
One yeast cake, Ia cup luke
warm water, cup milk, cup flour,
1-3 cup sugar, IA cup lard, tea
spoon salt, egg-yolks, 4 tablespoons
creamed butter, II cup sugar, tea
spoons cinnamon.
Scald milk and cool to luke-warm
temperature. Dissolve yeast cake In
lukewarm water and add to milk.
Add flour and beat well. Cover and
let rise for one hour.
Add sugar, salt, lard, egg yolks
and enough -four to make stiff
dough. Knead on lightly Toured
board for IS minutes. Return to
mixing bowl, cover and let rise in
warm place until double in bulk.
Turn onto a Toured board and pat
and roll into a rectangular sheet
about "a inch thick and twice as
wide as it is long. Spread with
creamed butter, sprinkle with sugar
and cinnamon mixed and roll up
like jelly rol.
Cut in slices about an inch thick
and put into a buttered pan. Let
rise about an hour in a warm place,
until double in bulk, and bake 20
minutes in a hot oven.
Either Of the rules can be used
for ice-box rolls. After the dough
has been allowed to rise for the
second time it is kneaded down,
brushed with melted butter and kept
in the refrigerator until wanted for
baking.
When ready to use, remove from
bowl, knead, and shape. Let rise
in warm place until double in bulk
and bake as usual.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27

DE meticulcus about giving your
ID feet their share Of your
strength of this alcohol rub.
Take each toe in turn and give
it wriggle or two to loosen mus
cles and relax nerves as you rub.
When you have entirely finished
dust on with q good ta!cum powder.
There are talcums and talcums. It
is not enough for me that one is
soft and fine enough not to scratch.
1t must smell good, too.
I consider matching UP your gen.
eral favorite scent in talcum pow
der an actual saving in perfume
purchase. II you have the right
scent on from the skin out, you viii
have that general air Of fine groom
ing which comes from consistent
scrubbing, rubbing and scenting.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27

tunic and the underskirt extend
into graceful flared fullness toward
the hem.
Style No. ITO comes in sizes IA, is,
Is and 20 years. SO and 38 inches
bust. Size Is requires yards of So
inch material with yards of bind
ing and u yard of 35-inch lining.
Plain fiat crepe and wool crepe
are excellent selections.
When you send for your pattern,
order copy of our large Winter
Fashion Magazine.
Price of book 10 cents.
Price Of pattern Is cents In
stamps or coin (coin is preferred.
Wrap coin carefully.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27

Under the spell of Diane, I dis
missed them all! My conscience
was asleep. My work was forgotten.
Through the long summer days,
Diane and | lived our dream of love.
| begged her to marry me. She
withheld her answer.
Could I, a poor clerk, and this
charming woman of wealth and
position be happy togetherf
Could | fit into a world | had
never known? Could her standards
meet mine?
How could | tell Laura? What
would she think, Laura with her
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27
ELECTION IS HELD
BY MAGAZINE CLUB

Mrs. W. G. Bartholomew was
elected president of the Magazine
Club at luncheon meeting held
Saturday al the home Of Mrs. E. w.
Stockdale, 1881 Central avenue.
Other officers are:
Mesdames Robert T. Ramsay. first vice.
president: A. E. Shirley. second vice-presi-
dent: Rudolph Grosskopf. recording Sec
rotary: Othneil Hitch. corresponding Sec
rotary: Edward wolfsrth. treasurer: p. w.
Gillespie. press chairman. and Robert o.
Wilneth. federation secretary.
Decorations at the luncheon were
carried out in the club color, violet.
Wrist corsages Of violets marked the
place of each guest. The table was
conferred with lavender sweet peas,
and lighted with violet candles. Fol-
lowing the luncheon Billy Shirley
sang a group of popular songs.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27
Jhe story Of a man
7oho 7oos pledged to
one TOO71A an. anal
nraddened BY another
sesxS@h0s

And then, by sheer accident, I met
her. 1t was Fate's way of tempting
me. Looking back, | would have
gwen anything to have avoided
that meeting.
For I loved this girl from another
world as no man has ever loved a
woman. She filled my mind, my
heart, my soul. The kisses of her
ripe red mouth, the caresses of her
jeweled hands, her hair blowing
against my cheek, drove me mad.
Our love was ecstasy.
But what of Laura? What of my
vows to her? What of my work.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27
BRIDE IS HONORED
AT SHOWER PARTY

Miss Alice B. McNicol, 1904 North
Pennsylvania street, entertained
Monday night with miscellaneous
shower in honor of her neice. Mrs.
George P. England Jr., who before
her marriage Jan. II was Miss
Frances c. Carvin, daughter Of Mr..
and Mrs. Louis G.. Carvin ST., 3215
East New York street. Guests
will be:
Mesdames Ora Manus. Earl W. Little.
Roy Peters. George England ST.. Louis G.
Carvin ST.; Misses Mary OBrien. Albert
A. Millikan. Ruth Anderson. Romano Sal
liday. Hazel Davis. Frances English. Louise
Fieischman. Josephine O'Brien. Loretta
Rhinehart end Dolores RemY.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27
Special Judge Chosen

by 15WeS bp6C50t
NEWCASTLE, Ind. Jan. 81
Judge John H. Craig Of Decatur
circuit court will preside as special
judge at the trial here Of Leonard
Mendenhall, Muncie, facing q
charge of conspiracy to commit a
felony in connection with an at
tempt to rob in March. 1880, the
Kennard bank. A change Of judge
was asked by the defense.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27

A stunning Interpretation for
afternoons is this youthful tunic
model in printed crepe.
The belt rests at the top of the
hips and fastens with q strass
buckle. However, it is adjustable
and may be placed as best suits the
wearer.
The curved scanning at the front
OF the bodice that Stimulates a hip
yoke gives length to the figure. The
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27
Tree Doomed

By Times Special
LEBANON, Ind, Jan. 27.-An elm
tree on the site of the new post
Office will be cut down because the
postofdce department refuses to
stand for an expense Of $1,000 to
remove and replant It.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27
Daily Menu

BREAKFAST-Grape fruit.
cereal, cream, cinnamon rolls,
milk, coffee.
LUNCHEON - Mock Sau-
sages, creamed celery, new
onions, rye bread, cocoanut
cookies, milk, tea.
DINNER-Stewed chicken
with noodles, glazed sweet po-
tatoes, cauliaower in cream
sauce, asparagus salad, pep
pernint candy, ice cream, cho-
colate brownies" milk, coffee.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27
Farmers in Session

By Times Special
ANDERSON, Ind, Jan. 27.-Mad-
ison county farmers are holding
institute at the National Guard
arnory here today. The program
includes morning and afternoon ses-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27
War Veteran Buried

~ ItneS Spectut
LEBANON, Ind, Jan. 27.-Funeral
services were held Monday for
Harvey Smiley, SO, World war vet
eran who served eight months over
seas. He died of heart and lung
ailments.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27

Her AdoFins Bad Man
His Best PaI's Sweetheart
Not Like Other Men
My One Moment Of Folly
Charge I'LL
The Chiefs Daughter
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-27

Love Insurance
One Mod Ride
! Played with Dynomifs
Kisses Were TrUmps
a Honeymoon in q Ford
Slave and Lady
The Washington times., 1931-06-27
SETS NEW
PROFIT MARK

Collins and Aikman Corpora
ton and subsidiaries in the first
quarter of their fiscal year end
ing May 81, report the best three
months in the history of the busi-
ness with $9s2,155 net income,
after depreciation, taxes. and a
reserve for contingencies of
$15O,O0O.
This equivalent after dividends
on preferred stock to $1.47 a
share on 568,50O shares of COM
mon stock outstanding.
This compares with net income
in the corresponding quarter of
1880 of $3.50, ,081, which was after
a contingency reserve Of $3.50, 900,
equivalent after preferred divi-
dends to $1.01 a share on 587 ,633
shares of common stock then
outstanding.
The Washington times., 1931-06-27
CHICAGO LIVESTOCK

CHICAGO, June 27 UN.SD.
Hogs-5,OO0; steady, Top, 7.5O:
bulk, 5.25@740; heavy, 6.1O0
7:3O; medium, 7.1O@7.50; light.
7.25@7.5O; light lights, TOO
TAO; packing sows, 4.65@5.85;
pigs, 69O@7.40; holdovers, 1000.
Cattle-300; steady. Calves
100; steady. Beef steers: Good
and choice, 7OO@8.25; common
and medium, 5.5O@6.75; year.
lings, 5.5O@875. Butcher cattle:
Heifers, 4.5O@825; COWS, $500
SITS; bulls, 3.5O@5.50; calves,
6.0O@8.5O; feeder steers, 5000
TOO: stocker steers, 5.O0@7.00:
stocker COWS and heiferS, 4.00@
900.
sheep-2,5OO; steady Lambs.
7.5O@8.25; common, 4.50@6.50;
feeder, 5.00@60O; yearlings, 800
06.50; ewes, 100000.
The Washington times., 1931-06-27
WASHINGTON PRODUCE

cantaloupes-supplies liberal; demand
moderate; market s steady esiifSsnla: snS IA.
Jumbo 36s, ss.250s.5O standard flats.
and Us, $1.25.
Honey Dews-Supplies moderate, de-
mand moderate; market about steady.
California standard crates. is to l2s
S1,5", ripe, $1.25; jumbo flats. IFS,
Honey Balls-Practically no supplies
Lettuce@Western stock: Practically
no supplies the market. Eastern
crate; market weak. New York, 2-doz.
crates, Big Boston type. best, 5O0 79c;
poorer, 25c.
Hight; market steady. Texas. 5O-lb.
sacks Yellow Bermudas, u. s. Is. $40
else; standard crates, S1.S0Q2.
Potatoes-supplies liberal: demand
Carolina and Hampton. Norfolk district
Virginia, stave barrels. Cobblers' U. 5
No. i. Scoops. ~
moderate market firm. Mississippi
Fours, green and turning wrapped.
mostly $1@1.lO. poorer lower; lug ooxes
green and turning, wrapped. tG and
Watermelons-Suppl moderate, de-
mand moderate; market slightly weaker.
Florida and Georgia, Tom Wstsons''
Peaches-Truck receipts light sup
plies moderate; demand Light; mraket
baskets, Early Rose, U. s. No. l, 2h'
inch minimum. s2WZ.5O: unclassiIi.9'
poorly graded. small size. 81 g1'2S' .
SNAP Beans-Truck receipts light,
auppIies moderate; demand moderate; !;
Flat type, Eastern shore Maryland
North Carolina and Virginia, 500 79c.
Holdover stock lower
Peppers--Express receipts light; sup
plies moderate; demand moderate; mar
ket weak; FLORIDA pepper crates smSi'
okra-Express receipts very light; /;
sPpts iet Steady d florida Dushel hampers,
$3.50; large to very large size. SIG Q1.6O.
South Carolina bushel hampers, large
to- very large size tt M.SO. ,o+. 1a
mand moderate: market steady, Bushel
hampers North and South Carolina, best
$s@$.5O, fair quality $3.50. Georgia. fair
moderate; market about steady. New
York. bushel baskets, $1.50@1.75.
Green Corn-Supplies moderate; de-
mand moderate; market steady. Ala
bama. standard cantaloupe crates, SEQ
2.25: best mostly seas, North Carolina.
o.: fair to ordinary quality and con-
dition, $101.50.
Cucumbers-Truck receipts light; sup
plies moderate; demand moderate: mar
kst steady. Bushel hampers. No. /.
North Carolina. $101.25.
Squash-Truck receipts light: sup
plies moderate; demand moderate;
market about steady. North Carolina,
hushel hampers white, wrapped. SO@
use
Blackberries Truck receipts very
light Supplies light. Demand moderate;
market about steady North Carolina
s2-quart crates, S3@3.5O: few higher.
TEgpIant-,Exprsss receipts ,ery light; t,hI:
Supplies light Demand light: market
steady. Florida. pepper crates. fancy.
large size, s393.5O; small size. SEQ G2.5o;
PouIrry-Alive: Turkeys zoe colored
fowls $50 9Oc; Ieghorn. lbs. 20Q2Sc;
smaller, 10000; large rocks, S3@35c;
mixed chickens. 30c: broilers. 20@2Sc;
ROSTERS 1O@12c: ducks. ls@lss; keats,
chickens 35040c Dressed: Turkeys,
young 2rc: fowls. heavy. CSC. Ieghorns.
20c; small 2Oc: ducks 1S623c;
roosters. 15c keats young, 7O6sOc:
old. 4S150c.
CalvAs-Top 7G7z>
EEGs-17G1Sc: current receipts. 1s
Lambs, S0Sc.
The Washington times., 1931-06-27
IS SOLD.
BY L|GGETT

All Liggett drug stores here
now will dispense high grade
liquors on physicians prescrip-
tions, under o radical change in
policy announced today by C. E.
Storey, district manager of Louis
K. Liggett Company. He said:
1--WE have canvassed the sit
uatiOn carefully from the medi-
cal standpoint and have dis
cuSsed the matter fully with
DIR. DOran and other Federal
officials. We are convinced
we are performing q real SER
vice in adapting this policy"
Upon the result in Washing
ton will depend whether this
policy will be extended to other
cities,
The Washington times., 1931-06-27
COTTON GOODS

NEW YORK, June 81 0N.sD.
Coarse yarn gray goods mar
kets were again active today. The
market was relatively quiet dur
ing the early part of the day.
but demand later picked up and
very satisfactory amounts were
sold for deliveries in the fall.
Several withdrew from the mar
ket or named still higher prices.
Sheetings came in for very
heavy demand, such as the mar
ket had not previously experienced
this week, and one or two sellers
reported a substantial business
done at the new prices. Broad.
cloths were in moderate call.
TwillS and Sateens were quoted
at higher levels. Other goods
were in light to moderate de-
mand.
The Washington times., 1931-06-27
BROKERS LOANS
GUT OVER HALF
IN 8 MONTHS
Thorough Market DefIatlon
Graphically Indicated by
Figures, Ayers Spectator
BY THE SPECTATOR

NEW YORK, June 81 G.N.sD.
The $13,OO0.OOO reduction in
brokers' loans reported by the
Federal Reserve Bank in the past
week was the third successive
decline while stock prices were
moving upward.
1t also marks the tenth con-
Secutive reduction in borrowings,
while in the 38 weeks elapsed
since last September "a. broker
age loans have declined 81 times.
Cut More Than Half
In that period, they have
fallen $1.816,0OO,O or approx
mately ST per cent, a graphic in
dication of the thoroughly de-
flated position of the stock mar.
ket at the present time.
The drastic deflation of oil
equities during the past two
years has discounted quite thor
oughly the present depressed posi-
ton of the industry. according
W d Su1 NCV VA GIklO 4ACAO JuSU NOIIl-
pleted by Standard Statistics.
However. it points out that pub
lication of extremely poor earn
ings reports over the next month
or two will prove a severe OBJ
stacle to any material recovery in
the prices of these shares during
the coming few months.
Together with other basic con-
siderations, present conditions
lead to the conclusion that as yet
it would be premature to accumu-
late oil stocks.
Some Worth Holding
Several of the most strongly sit,
uated issues warrant retention at
this time. owing to the extent of
their deflation and their possibili-
ties of moderate technical recov-
cry. Among these stocks are
Standard Oil of New Jersey, New
York, California and Indiana, and
Gulf Oil.
One of the obstacles to recovery
at this stage is the drastic decline
in the purchasing power of the
farmer.
It is shown that prices paid by
farmers for commodities used in
living and production have de-
clined IL per cent in the past year,
as compared with a decline of 33.5
per cent in the prices which the
| farmer receives for his own prod
| llCtS