davidaulloa/AmericanStories huggingface dataset:
Milford chronicle., 1931-02-13
FRANKFORT NEW CENTURY
CLUB

The Frankford New Century Club
held its regular monthly meeting at
the home of Mrs. William p Truitt,
with the president, Mrs. Burton G.
Cannon, in the chair. The meeting
was called to order Club collect
read by Mrs. Forks, followed by the
Lords Prayer, in unison.
Report of state board executive
meeting at Dover by Vice-President
Mrs. Mall Long.
A donation to Student Loan Fund.
The subject of the evening was
Patriotism" and was in the hands
of Miss Elizabeth Robinson, a versed
leader on the subject. who had well
prepared papers on Washington and
Lincoln and discussion on many his
torical women. Delicious refresh
ments were served by the hostess
and the meeting adjourned.
Sports Note
Marriage is a marathon, and love
is only the first step.-COllier's
Weekly.
Milford chronicle., 1931-02-13


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Milford chronicle., 1931-02-13

Revival services closed on Sunday
evening at Chestnut Grove.
The prayer meeting on Wednesday
evening was well attended.
Many people were sorry to hear OF
the loss by fire of the home Of Alex
Noble, near Denton, formerly of this
place
The funeral of Mrs. McNeal was
held in Concord church on Sunday.
Rev S. l.. Handy Officiated.
Miss Kathleen Covey, of Salisbury
Normal School, spent the weekend
with her parents, Mr.. and Mrs. Clay
ton COvey, near here.
Mr.. and Mrs. Bennett Todd expects
to spend the Washington holidays
with his mother, Mrs. Willard G.
Todd.
Mrs. Harriet Phillips funeral was
in BloOmery church last Friday. Rev.
S. L. Handy Officiated.
The Smithville Community Club
will meet on Tuesday, February 20,
in the club room.
Milford chronicle., 1931-02-13
AUCTION BIDDING:

AUCTION BIDDING:
No score, rubber game. :, Gealt, bid
one no trump and all passed. If A
opened the FIVE of diamonds, how
should 2 play the hand so that he can
score grand slam against any defense1
CONTRACT BIDDING:
rs proper opening bid is two no
trumps. A passes and Y should bid for
a grand slam. All pass and the play
viii be the same as at Auction.
Solution: z should win the first trick
In his hand with the ace of diamonds,
not the ten. He should then lead out
his four top clubs and his three top
hearts, being careful to have his own
Milford chronicle., 1931-02-13
Copyright, 1880. by HOyle. Jr.
ARTICLE No. is

/ One of the most frequent errors noted
at:the bridge table is bidding to the
score. Players seem to think that if
they have a score toward game, they
are justified in making bids that they
would never think of doing if they had
no score. -.. ..
Tie following rule is very simple
and should be thoroughly understood.
.'Never consider the score in making
an offensive bid". In other words the
score is immaterial when you make an
original bid. Such bid should be the
Milford chronicle., 1931-02-13
CONCORD

The Concord Ladies Aid met We'd
aesday at the parsonage with Mrs.
Handy and Mrs. Edgell being hos
tesses. Forty-ive members were
present and three Joined the Ladies'
Aid.
Mrs. B. B. Lawless, Mrs. Bessie
Nichols and John w. Wright are on
the sick list
Miss Ruth Maloney and friend are
visiting her parents near here, Mr..
and Mrs. Edward Maloney.
Milford chronicle., 1931-02-13

Rubber game.
AT ATAUCTION:YZ-16;AB- %.
AT CONTRACT: Y go; B-O.
I AUCTION BIDDING:
If z bids zone No-Trump", A will
say "No Bid" and, if Y also passes, B
will say ''No Bid. But if Y says 1.-TWO
Diamonds, A at least is not going to
leave it in. He will bid 1.-TWO Spades.
With the score % as it is, and with the the
make an effort. Over 1.-TWO Spades"
from A, 2 will bid "Three Diamonds;
B will raise his sides bid to "Three
Spades. If z bids ''Four Diamonds" ,
Yfails by trick. If z doubles, A goes
down only one trick, cheap save at
the score. There is nothing exceptional
in the above hands. If it were love-all
Milford chronicle., 1931-02-13

The CCnudidn gal
Ion is One-Gfth
larger than the
u. s. gallon, plus
G2%c c duty. Hence
the higher price
for Canadian
gasoline
Milford chronicle., 1931-02-13

Ray Lloyd. son-in-law of Mr.. and
Mrs. VIM. X. Morgan, purchased the
home of George Trimble that adj
joins the Morgan property ON Pop
lar street.
J. Alton O'Day recently purchased
the property of Philip H. Graham on
Poplar street.
Milford chronicle., 1931-02-13

hand in the lead at the close of the
eighth trick. On these seven tricks,
A can follow suit only four times so
is forced to make three discards. He
cannot discard more than one diamond
or z can lead the ten of diamonds,
fnesse the jack and thus score three
diamond tricks. (Thereason for the play
of the ace of diamonds at trick one
should now be apparently. A is forced,
therefore, to discard one diamond and
two spades. The spade discards, how
ever, enable z to make four spade tricks.
These tricks plus the king of diamonds
enable z to win every trick. There is no
defense to this solution, which is fine
illustration Of forcing discards.
Milford chronicle., 1931-02-13

same, irrespective Of the score. On the
other hand, defensive bids should be
made when the opponents score is
such that their bid, if made, will give
them the game. Under such conditions
the score is important, but players
should be sure they understand the
distinction: that is, from an offensive
standpoint, the score is never im-
portant; but, from a defensive stand
point, it always is. Consider the fol-
lowing example hand;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
DECLINE IN RAIL BONDS
HAS AFFECTED ALL MARKETS
Persistent Liquidation of Carrier Issues
Results in Depression Of Other Securi-
ties-Rate Plea Decision Awaited.

sitous liquidation that has taken place
in bonds, and thereby check the fears
that are spreading throughout the en-
tire field of ownership in railroad flXed
interest obligations. This is as essential
to a betterment of the situation as was
the creation of the 100000, 900 bank
ing pool.
Poles Ruling.
It is taken for granted that the
States in which railroad bonds are legal
for savings banks investment VIII not
impose on the holders of these obllga-
tons the strict letter of the law ana
that accommodations to the present sit
uation will be made in the same spirit
that prompted the controller OF the cur
rency. and after him various State su-
perintendents of banks, to permit lnstl-
tutions to carry at cost BONDS with
certain rating. This plan has just been
approximated in New York State, where
fire insurance companies are now al
lowed to value their portfolio OF stocks
on the June 80 basis.
The original alarm among institutions
and trustees that bonds which did not
meet the legal test would be disbarred
after January ! is passing. This, how
ever. has not dispelled the anxiety re-
earding the ability of carriers with
early maturing obligations to find the
cash to meet them. The function of the
suggested secondary banking pool would
be not only TO act in the capacity OF a
supporter of bond prices, but as an
agency to which the distressed railroag
might go and, on the basis OF norm r
high credit, obtain the assistance N
essary to carry it through an abnor c
period. c
(Copyrieht 1891 =
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16

that silver producing countries should
levy countervailing tax on the pro-
duction of new silver.
An adequate advertising campaign,
which features the liberal use of space
in local newspapers, Is an important
part of every aggressive sales program,
and there is every reason why this
should be employed by leading gas COM
panies, according to Morse Dellplain,
president of the Northern Indiana Pub
lie Service.
Mr.. Dellplain adds that the keen COM
petition which companies are now
meeting, and which they will meet
more and more, makes it essential that
any sales program that is adopted take
into account every factor which will
build up sales appeal or break down
sales resistance.
A curious situation exists in the for
eign bond market, due, it would seem
to lack of information rather than un-
satisfactory fundamental conditions
The City Of Carlsbad per cent bonds
payable In United States dollars and
listed on the New York Stock Exchange,
are available at rs, giving a current
yield Of close to IL per cent.
These bonds, secured obligation OF
one of the worlds most famous resorts
are outstanding at less than ST 500 ,00C
and are secured on assets appraised
conservatively at more than IA times
that figure.
The chief reason for the abnormally
low quotation lies, in all probability
in the fact that holders regard Carls-
bad as city in Germany and are dis
posing of bonds because of fear over
possible complications in that country
The city is located in the northwestern
part of Bohemia in the republic of
Czechoslovakia.
(Copyright, 1879
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16

backed by enterprises with relatively
large inventories.
The effect of higher rates upon high
grade bonds is already beginning to
make itself felt, as evidenced by pres
sure upon United States Government
issues. 1t is not unlikely that the con-
tinuance of high rates may render
necessary another advance in the re-
discount rate to as much as per cent.
as compared with an existing rate of
2lz per cent.
Assurance for Banks.
One of the principal features Of the
National Credit Corporation, which is
to begin functioning at once, is the as
surance to banks that they will be able
to convert sound, slow assets into cash
whenever necessary.
It Is, of course, possible that con-
troverSies will arise as to what may be
regarded as sound assets. Many insti-
buttons in need of assistance are under
stood to own relatively large blocks OF
foreign bonds, which they acquired be-
cause of the excellent sponsorship under
which such bonds we're distributed and
because of the liberal return. The de-
mand for foreign issues, regardless Oh
merit, may be said to be non-exlStent,
with the result that sales cannot be
made except at great sacrifices.
1t would seem highly desirable II the
new corporation could see its way clear
to suggest concrete measures tendlng 10
assist banking institutions which may
be large holders Of foreign issues;
1t is expected confidentiaIy that
good deal of constructive work will be
accomplished at the meeting of leading
copper producers, scheduled to convene
later this month in New York. Surplus
stocks of the metal are now larger than
they have ever been, including the war
period, when large SURPRISES were pullt
up against munitions needs.
A plan is likely to be evolved TO pro-
vide for curtailment of output by lead
ing producers, who include, in ADDITION
to the principal American ana Cana
dian companies, representatives from
British Rhodesia and the Katanga Co.
in the Belgian Congo.
Restriction Of output should nave
favorable effect upon the commodity
as well as upon shares of leading en-
terprises.
Silver should be stabilized at around
81 an ounce, according to John Ford
Darling. director of the Midland Bank,
one of England's "big five" financial
institutions. This, says Mr.. Darling,
would provide China and other silver
using countries with a silver coin which
is practicable to carry around. Tooay
one has to drag tremendous Weighs II
one wishes to convey real money IN
China, because the coins are worm SO
little.
Mr.. Darling feels that sterilization
on the basis of 20 ounces Of silver for
l ounce Of gold could be arranged by
an international conference, which
either the United States or Canada
ought TO call.
In order to combat fear Of overpro-
duction, the London banker suggests
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
CURB PRICES FIRM
IN STEADY MARKET
Pivotal Shares Gain Fraction
aIIy-UtiIitieS and Oils
in Demand.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, October deepening
firm, the Curb Exchange session today
displayed steady strength.
TIE market leader, Electric Bond g.
Share, was up fractionally along with
Cities Service. Although Standard Oil
of Indiana, Standard Oil of Kentucky,
international Petroleum and similar oils
advanced only fractionally, their tape
actions indicated that this group was
prepared to move toward higher levels.
Miscellaneous industrials. such as
American Meter. with rise of 4 points.
made the best showing in the forenoon.
During this period pipe lines, like Cum
berland. were up from fractions to 2
points. while textiles. like Davenport
Hosiery. up points. were firm. and
chemicals were easier, with Heyden
Chemical down a point
Chains store shares were irregular.
Great Atlantic & Pacific Tea was down
5 points. while Neisner Bros. preferred
advanced pa points The decline of
more than a point in Ohio Brass B was
rather typical of that group. An eXcep-
ton to the downward trend in the metal
group was Aluminium Co. of America.
which was up about 5 points around
midday. In the aviation shares Niles
Bement-Pond was a soft spot. Spiegel
May Stern preferred was the heaviest
issue in the chain furniture group.
Stocks were firm at the opening.
Electric Bond e. Share at 1874 was
fractionally higher. but lost most of its
gain in the first few minutes of trading.
Cities Service opened unchanged and
then went to a small gain at Us.
Standard Oil of Kentucky, the only
active issue in the Standard Oil group,
was up fractionally at 1873. Most utili-
ties were firm. with small gains in
American Superpower and United Light
81 Power A. Industrials were irregular.
Aluminium Corporation gained nearly
a point to IS. Great Atlantic & Pa
ciflc, however, dropped points to ITS.
American Cyanamid B was I'M
changed at 4. In the mine group
United Verde was a shade better at
512. Pennroad, the only active rail,
was up small amount at 43s. United
Gas was unchanged at 31s. as were
other gas stocks Aviation and Radio
Shares were inactive
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
Everybody's
Business
Laval Optimistic on Visit to
U. S.-Dropb,ng of Steel
Merger Plan Afbarent1y
APPROVED by Market.
BY DIR. MAX WINKLER.

Special Dispatch to The Star.
NEW YORK, October 16.-The gravity
of events should not prevent the find-
ing of fundamental solution, &C.
cording to Pierre Laval, French prime
minister, in a statement made prior
to his departure for the United States,
where he is expected to confer with
President Hoover on the world economic
crisis. Being naturally optimistic, M.
Laval hopes that something tangible
will come of the conference.
Although no information is available
as to the problems which the two ex-
ecutives will discuss, it is within rea-
son to expect that the one dealing
with intergovernmental debts and repa-
rations will play prominent part. A
detailed statement regarding the status
OF war debts, published in Washington
the other day, appears to Substantiate
this contention.
The discussions are also expected to
include such important international
questions as maldistribution of gold, the
silver problem, gold standards, their
possible early restoration, and last, but
not least. the question of disarmament
and of Frances security.
Dropping of Steel Merger.
The market apparently approved the
dropping of the plan to merge the
Bethlehem Steel Corporation with the
Youngstown Sheet g. Tube Co. Accord
ing to E. R. Grace, president of Bethle-
hem, changed conditions make it i'm
practicable to carry out the original
contract for the merger. and his cor
poration has consequently exercised its
option and Cancelled the contract.
The announcement had little effect
upon securities price movements and
changes in the quotations of the shares
of the companies affected were merely
nominal.
It Is becoming increasingly evident
that money rates are getting firmer, q
situation which should find proper re-
Election in the prices of commodities
and securities.
AS regards the former, a rise In rates
should be accompanied or followed by
an advance in prices. AS to securities,
higher money rates should result in
lower quotations for high-grade bonds,
while advances should be registered by
so-called second-claSs bonds and COM
mon shares, especially those which are
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
CORPORATE
REPORT
cts OF
TRENDS AND PRo3AT1oNs.
LEADING ORGA-

Z er lb.-1Qe lOl-
e NEW YORK. Dry of important
: lowing is sunprepared by the
). corporation neNCo., Inc, New York,
e Standard Statist Press:
y for the Associs
h IS continued to decline
e Brokers 100000 to 1923, 100000 in
dropping Sed october "A. according
= the weekly report of Federal Re-
t to the ;! of NeH York. This is the
serve Rotal since December %. 1922,
l smalle6kers' loans were 1898, SAL 600
S whennade by New York banks for
4 LoaWn account declined 500 100000,
the loans for account of out-of-town
n wis increased 100000 and those
$ taccount of banking loaners rose
100000.
The Companies.
Consolidated Retail Stores Septem-
Der sales off PAT per cent; nine months
off 1877 per cent.
Stewart Warner Corporation reported
shipping 1900 radio sets daily; behind
in deliveries.
eldino-Hemingway Co.-Sales of
about so per cent in first eight months
Belding and Putnam plants operating
at so per cent of capacity; Teteluma
plant at 80 per cent, while Northampton
Consolidated Railroads of Cuba cuts
salaries as much as IS per cent;
Gimbel Bros.-Cuts executives salaries
about 10 per cent; pay OF clerks ana
sales persons unchanged.
Industrial Rayon.-Average cost per
pound of rayon yarn produced by com
nany has been lowered 48 per cent from
average cost in 1929; sales for first nine
months reported slightly over 100000
pounds
Mathieson Alkali Works common
share earnings nine months, to Septem
Der 80. S1.43 VS.. s2.26.
Mcintyre Porcupine Mines Ltd.-Net
income before depreciation, six months
to September 80, $1,oo5.069 VS.. Sl,o26,-
276.
Pepperell Mfg-Lindale plant In
creases working schedule to 5212-houl
week; formerly on three-day week.
United Aircraft & Transport.-Car-
ried 1890 revenue passengers and Gle
tons airmail in third quarter.
Beatty Bros, Ltd.-Declared Is cents
common dividend; paid so cents Au-
Burmah Oil Co.. Ltd.-Declared in
term common dividend of 5 per cent
less tax, is 10 per cent less tax last
year.
Fox Film-No action believed taker
on Glass A and B dividends.
Freeport TeXas.-EarningS continue Il
exceed current dividend requirements.
National Service Cos.-Fuel oil sale!
of subsidiaries in IL months, to Septem
Der 80, 20819,427 gallons VS.. 10,087. 427.
Standard Oil N. J.-Reduces price
bunker fuel Oil and Diesel oil 10 cent
a barrel.
Eastman Kodak Co.-Acetate yarn
plant of subsidiary on commercial basi
at 25 per cent of capacity.
Gillette Safety Razor common shar
earnings, nine months, to Septembe
80, $1.14 VS.. 1896.
Atlantic Refg-Deficit, nine months
to September 80, SAITH 1862 VS.. net in
come $4,844, 423,' equal to $1.80 a com
mon share.
Art Metal Works.-Declared common
dividend at rate of one share of eacl
so shares held; paid Is cents a shar
in cash August /.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
RAIL MERGER FAILURE
FORECAST IN STREET
By the Associated Press.

BY the Associated Press.
NEW YORK, october 16.-NeWs Of
the definite abandonment of the plan
for the merger Of Bethlehem Steel and
Youngstown Sheet & Tube was not in
the nature of surprise. AS z. G.
Grace, head of Bethlehem, pointed out
in his statement dealing with the can
collation. of the contracts, conditions
have been subject to vast change since
the deal was first undertaken. Wall
Street had for some time realized that
it would be more or less impracticable
to put the merger through on the basis
set nearly Is months ago, in March
Of last year Release of Bethlehem
from its obligations under the contract
was reflected in a rise of several points
in the stock. while Youngstown fell
away point on a few transactions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
|Wasbston Produce
One-pound prints, 81; tub, SO.

One-pound prints, 81 tub, 36.
ButteEennery, 33a35; current re-
EggOa24.
'e-ptry, alive-Turkeys, old toms, zoa
bung toms and hens, 80; chickens
Pounds and over, 18a22; 2 to 2!2
3nds. 20a24; broilers. y to pounds.
ba25: hens, large, 20a23; small. 18a
20: Leghorn hens, 14a16; ROSTERS, la
IA; keats, young, 45a5O; old, 25a35.
Poultry. dressed-Turkeys old toms,
25a30; young toms and hens. 80: chl eS;
ems, 3 pounds and over, 22a25; to ~
pounds. 25a28: ~ to pounds. 28a3O:
hens. large, 25a28; small, %; Leghorn
hens, 18a20; BOOSTERS. 16a18; Long Is Is
land ducks, 18a19; keats, young ooaoo'
old. 30a40.
Meats-Beef. prime. 17laa1s; choice,
16a1612; good, 15al512; 1alr, I412ai go
cow, 10a11; lamb, top, Is; good TO laH,
Halls; veal, top, II; good, l5al5l2 1alr
to medium Isa14; pork loins, to 10
pounds. 81; 10 to IL pounds. 10; II to
is pounds. IT: fresh hams. 16ala;
smoked hams, 20a21; strip bacon. 22a23;
lard. in bulk, 91aa10; in packages, lo32a
IL; compound, 8a81a.
Live stock-Hogs, heavy, 5.00a5 70;
medium. 5.4Oa5.70; light, 5.25a550;
pigs, 5.Ooa5.2 IS; roughs, 3.00a4.00; calves
( t9oae 90; lambs, 5O0a7.0 90.
Fruits - Watermelons. California
crates, 200: honeydews. 200; oranges,
35Oa5. so; lemons. 5.50a6.50; apples
bushel baskets, 50a1.50; box stock
fancy. 2.25a2.5O; pears 2.75a3.0 90;
beaches. 2O0a2.25; lines, per 100, l.15;
grapes. Concords, 35a40: Tokays, z.0oa
Eos: zinfandels, 1.25; Muscatels. 125;
THOMPSON seedless, ESQ; Malagas, .5Oa
200; pineapples. 4.5o; ounces, 1.5oa
IT'S: plums, $50; casabas, 2:25; pa
nanas. ]. 50a2.50; grapefruit, 40Oa5.oO;
Observation-Disclosures, 15o-pound sacks
1.75a1 go; Idaho bakers, -poune
sacks, $50; sweets, per bushel, 5Oa75
tomatoes, two-peck baskets, 5Oa75
California Tugs, 2.25a2.75; beets, pei
100 punches, 4.O0a5. 90; carrots, per 1O(
punches, 4.50a5 90; cauhhower, I.5Os
MS: string beans, 5a1.00 limas, zoos
2.25; cucumbers, bushel baskets, $50
SQUASH. Florida, bushel baskets, 5000
$50: Winter squash, nearby, 5Oa6O
eggplant, 50a75; celery, 2.75; lettuce, Ice
berg, 3.25a3.50: onions, 50-pound sacks
white. 1.50a2 90; yellow, 1.25; corn. fve
dozen sacks, Its; okra. 2.50a3 90; musn
rooms, goal 90: peppers, 75al.00;. artl
chokes, 4.50a5 90; kale, so; spinach. 70
peas, 375; turpips, 5oa75.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
Baltimore Markets

Special Dispatch to The Star.
BALTIMORE. Nd, October 10
Potatoes. 100 pounds, 75a1 90; sweet
potatoes, bushel 35a50; beans. bushel,
l.00a1.75; vans, barrel. 1.50al rs; beets.
per 100, 150a2 So cabbage, bushel. 40a
60; carrots. per 100. 2.50a3.50; lettuce,
per crate, 2.50a350: caulif1ower. crate,
50a2 so; celery. crate. 1.75a275: lima
beans, hamper, 75a1.10; okra, 200a2 so:
peppers, hamper, 25a35; onions. per 100
pounds, 1.75a2 90; spinach. bushel. 50a
3d. tomatoes, hamper, 25al 90; Gamers
stock. 50a60; apples. bushel, 25a1.25;
cantaloupes. crate. 1.25a1.75.
Dairy Market.
Chickens. young. 20a22; Leghorns, 18
ago, old hens, 1924; Leghorns, old. la
pigeons. pair. 15a20; guinea fowl, pair,
25a50.
Eggs-Receipts. ATT cases: current, IL
a26: hennery whites. 34a36; nearby firsts,
% Western frsts. %.
Butter good fancy creamery, 32a37;
ladies, 20a22; process, 23a24; store
packed, 15al6.
Hay and Grain Prices.
Wheat-No. 2 red Winter, export. no
quotations: No. 2 red Winter. garlicky,
spot. domestic, 523s; October, $3.50; No.
vember, 531s
Corn-No. yellow, domestic, spot,
51a52 cob corn, 225a2 so per barrel
Oats-No 2, white, domestic, spot,
32a33 No. 3. 31a32.
Rye-Nearby, 45a50.
Hay-Receipts, none. New hay Is
starting to arrive in increasing guam
titles, but SO far no official grading has
been attempted selling being strictly
on merit Demand for old hay slow
and market is dull and quiet with
prices in buyers favor at a range of
140oa1800 per ton.
Straw-No l wheat, 900a950 per
ton; No. l oat, 9.o0al0.00 per ton.