davidaulloa/AmericanStories huggingface dataset:
The midland journal. (Rising Sun, Md.) 1885-1947, 1931-12-04

TYHE nepc Chevrolet Sir comes tomorrow! It's
appearance strikes smart new note in motor car
- styling. Its performance combines the greatest
thrills of modern motoring. Its features include
many of the most important developments in engi-
neerng and craftsmanship. 1t actually looks, feels,
handles, controls and performs like nothing you have
ever associated with low price before.
An outstanding feature of the new Chevrolet Six is its
combination of Syncro Mesh gear shifting with Free
Wheeling. Chevrolet is the first and only low-priced
to offer these two great advancements in combna
ton. SyncroMesh, you know, is the finest type of
transmission ever developed by modern engineering.
With Free Wheeling it gives the Chevrolet driver the
advantages of SIMPLE easy, quiet gearshftng and posi-
tive control of the under every driving condition.
The midland journal. (Rising Sun, Md.) 1885-1947, 1931-12-04

The motor includes such refnements as down-draft
carburetion counter balanced crankshat and rubber
insulation from the frame. Power has been increased
2O9o-giving maximum speed of IS to 70 miles per
hour and getaway from standsti to IS miles an hour
in 67 seconds. Chevoets famous built in smoothness
and quetnes have been made even smoother and eter
throughout the entire speed range And all of these
important advancements offered in twenty different
models-each styled in a and distinctive manner
in keeping with the finest Fisher traditions.
To develop SUCH an outstanding automobile as tho
Chevrolet Six at such low prices, Chevrolet has
utilized every advantage of its present position the
worlds largest builder of automobiles. And Chevrolet
presents this car-proud in the knowledge that
it represents the Great american Value for. 1882.
-
The Washington times., 1931-08-11
Big Advertising Campaign,
Aduised By Brookn1ire

Advertising and sales efforts
should be expanded in the com.
ing months, according to the
Brookmire Economic Service, Inc,
which has mapped out those sec
tionS of the country and those
industries where better than aver
age conditions prevail. Total in
come of the country in the next
six months is estimated by this
service at about 8 per cent below
the same period a year ago, which
is a smaller decline than pre-
vailed recently.
Industries which are enjoying
improved conditions are textiles,
shoes, tires, clothing and affili-
ated lines, which Brookmire feels
will have sustained activity for
the next few months. On the
other hand, it is said that such
heavy lines as lumber. iron and
steel. railroad and electrical equip
ment and agricultural implements
will lag behind.
Best sales prospects are to be
found in the eextile cenSers Of
New England and the Southeast
The Washington times., 1931-08-11
SEABOARD NETS
GAIN IN YEAR

The Seaboard Public Service
Company, Alexandria, Va. sub
sidiary of National Public Service
Corporation reports consolidated
gross earnings of $15,205,190 for
the IL months ended June 80,
compared with $14,526, ,694 for the
corresponding period a year ago,
or a gain of as per cent.
After operating expenses, taxes
and other. charges, net income
was $2,809,2 compared with
$2.792,457. Other earnings to-
tailed $223,754 as against $25, ,487.
Interest and other deductions of
the parent company amounted to
$2ll,902. compared to $12f,652.
Net income available for retire
ment and dividends on the pre-
ferred and common stocks of the
company was $2,821, ITO, compared
with $2,696,292 a year ago, an
increase of 4.6 per cent. For the
quarter ended June 80 gross
earnings of subsidiaries totaled
$4,026,S70, compared with 1885,
439 year ago.
The Washington times., 1931-08-11
CRUCIAL TESTS
FOR MARKET .
SEEN NEAR
Price Structure at Critical
Stage, Haney Asserts, and
Doubts Bottom Is Reached
BY LEWIS HANEY,
Director New York University Bureau
of BusinesA Research

Director New York University Bureau
of Business Research
Last week, according to the
averages, the stock market lost
about two points. There was b
continuation of the gradually sag.
ging trend of recent weeks.
The railway stocks led the de-
cline with an average Joss during
the week of about three points.
The equipments were especially
weak along with the rails.
Industrials Firmer
Representative industrialS de-
clined only about one point on
average. and steels held relatively
well. The averages of utility
stocks lost about two points.
The bond market showed fur
ther weakness.
Some assert that the unusual
gradual decline since mid-July
shows increased resistance to the
downward trend, due to more
accumulation" of stocks and to
reduced liquidation.
Stubborn Yielding
But others argue that the
gradual decline indicates a stub.
born yielding which is the more
significant in that heavy selling
is not required to force it.
The action of the market itself
certainly shows that what selling
there is is stronger than the buy.
ing. If there is any accumula.
tiOn it is not very active and
occurs only on declines.
The stock market is nearing a
very critical point. The average
price of 100 stocks is only about
5 points above the lowest level Of
this bear market.
Industrial stocks are perhaps
IL or is points above bottom, but
the rails are hardly 212 points
AANAAA UAACA4 4OWCSU 4SVC4s
Significant Factor
But more significant than this
IS the fact that the averages are
right down to the resistance lev
els which preceded and followed
the sharp break of June / and 2,
when the bottom was touched.
This regard as more important
than the June 2 low.
If the market declines only o
couple of points now it will show
fundamental weakness. If It
holds close to present levels 1t
will show strength.
AS much as any one thing, it is
the weakness in bonds and rails
which makes me doubt that the
time for sustained rise in stocks
is yet in sight.
The Washington times., 1931-08-11
Hoover Group Finds Large
Stores Keep Employees

used by manufacturing con-
Germs, mot only are adaptable
to retail operations but actually
are being applied to a wide ex-
tent"
Charming E. Sweitzer, manag.
ing director of the National Re
tail Dry Goods Association, told
the committee that wise buying
habits on the part of the public
will enable the stores to keep
their clerks. He added:
Members Fighting
"Our member stores have
been fighting the depression
by aggressive salesmanShip.
Some have achieved a normal
volume Of business. A store
whose business is normal has
no emergency employment prob
lem and Is contributing to en-
plOyment in manufacturing and
distributing industries from
which it buys. A full realiza-
tiOn Of these facts among the
buying public not only will help
the retailers but will strength
en- the EN- IRE business Struc-
ture."
The Washington times., 1931-08-11
REQ INCREASES
SALES, CROSS

With an increased sales expense
of only $4,000 over the first quar-
ter, REQ Motor Car Company in
creased it's sales volume by more
than 100000 and its gross
profits over $500, 900 for the sec
ond quarter of 1881.
The quarterly statement, just
released, shows a net loss for the
quarter of $151, ,451.41. as COM
pared with a first quarter loss of
$420, ,832.04. This improvement Of
$269, ,380.63 in Reo'S earnings posi-
ton is regarded by REQ officials
as satisfactory in view of the gen.
eral condition of the industry.
Actual losses from operations
for the second quarter were only
STA and an item, interest re-
ceived." converted this into a
$72,322 profit. However, Reo'S
consistent and conservative policy
of depreciation accounts for a
further deduction of 1928, 1881
with the resultant net loss.
Dividends for the quarter were
paid at the rate of 10 cents a share
on 1900, 900 shares.
The Washington times., 1931-08-11
HARVEST OPENS
IN CANADA

WINNIPEG, Manitoba. Aug. II.
Cutting of rye, wheat. barley and
oats is under way in Western
Canada, but the yields in many
districts are not encouraging and
many farmers who previously
marketed large volume of coarse
grains will ship very little this
year as most Of the oats and
barley will be required for feed,
according to the weekly crop re-
port of the Canadian National
Railways.
Grasshoppers are still causing
trouble in the southern sections
of all three Of the Prairie
Provinces and many farmers are
cutting their crops in the hopes
of preventing further damage.
Heavy rains followed by warm
weather over Manitoba has aided
in filling the grain. Wheat cut.
ting is we'll under way and most
of the Garnet wheat is already
cut. Heavy rains also visited
Southern Saskatchewan with
equally. good results. Wheat cut
ting has started, but in many
districts only a small percentage
of the wheat will be threshed as
most Of the crop will be used for
feed.
The Washington times., 1931-08-11

Of normal. the board calculated
the crop would total 2,775, ,301 900
f'Rshels as against 1904, 900, 900 in
= 1890. The forecast estimated an
average yield of 26.3 bushels per
acre from los, ,557 900 acres under
cultivation.
Gain In Wheat
The board also estimated 30,-
100000 increase in the wheat crop
this year over last. The total was
calculated at 893 .582 900 bushels
as compared with 863. 100000 in
1880. In calculating this increase
the board estimated the winter
wheat crop at IT'S, 10000 bushels,
more than 160,0OO,000 increase
over last years winter wheat,
which totaled 612,00,000. The
spring wheat production was cal
culated at 1l8,402, 900 bushels, less
than half of last years output.
The oat crop forecast on a
basis of 70 per cent normal was
1888, ,657 900 bushels.
The condition and probable pro-
duction of other crops was esti-
mated as follows:
Barley - Condition, sos per
cent; production, 22l,000,O0
Rye-Condition, not indicated;
production, 36.20O,000 bushels.
,Rice-Condition, 82.5 per cent;
production, 100000 bushels.
Hay, an transformation, 71.6
Per cent; production, 1880, ,OOO
tons.
Fruits and Vegetables
Apples, total crop - Condition,
68.9 per cent; production, 2lS,-
100000 bushels.
Apples, commercial crop-Con-
dition, 68.8 per cent; production,
$4,000, 900 barrels.
Peaches, total crop-Condition,
76.5 per cent; production, 77,100,-
600 bushels.
Grapes - Condition. sos per
cent; production, 1,780,000 tons.
White Potatoes-Condition, TAB
per cent; production, $4,000, 900
bushels.
Sweet Potatoes Condition. IS
per cent; production, S0,70O,OOO
bushels.
characterization, TAI per
cent; production, 1,6l7,0OO 900
pounds.
Sugar Beets- Condition, 789
per cent; production, F,200,0 900
tons.
The amount of oats remaining
on farms on August / was esti-
mated at 5.63 per cent of the
1880 crop, or about 76,522,ooO
bushels.
The amount of barley remain
ing on farms was estimated at
All per cent of the 1880 crop,
or about 14,774.000 bushels.
The Washington times., 1931-08-11

Employment in the country's
department stores has dropped
only 6 per cent since 1929 and
managers have agreed to keep
their employees through the re-
mainder Of the summer, the PreSi-
dents Emergency Employment
Committee reported yesterday.
Many stores which had cut
their Staffs took many employees
back for the Easter rush and
have kept them ever since. They
have been enabled to do this by
part time work and other emer-
gency measures.
Many Interviewed
Members of the Presidents 8
committee have interviewed nu.
merous department store man
ayers while making a survey of
employment conditions in the
stores. Fred c. Croxton. acting
chairman of the committee said.
Reports from these managers
show that retail stores are max.
ing q concerted effort to meet
the employment situation. IL
furtAer shows that emergency
measures, similar to those being
The Washington times., 1931-08-11
Traders ReGSSIred
On German Exports

American exporters were reas-
sured by the State Department
yesterday concerning the new
German import regulations.
The departments Interpretation
of the regulations and subsequent
administrative measures making
them effective, was occasioned by
the uncertainty which appeared
to exist. The new measures, an
nounced Saturday, permit any
German importer who can pro-
duce a certificate showing legiti-
mate import transactions. to pur-
chase the necessary. foreign ex-
change, according to the State
Departments views.
The Washington times., 1931-08-11
COTTON STEADY
AND EASIER

NEW YORK, Aug. II 1NS)
A generally steady tone prevailed
on the New York cotton market
during the forenoon trading to-
day.
A setback Of 6 to 10 points took
place in future contracts at the
first call on easier than expected
Liverpool cables. A good trade
demand, however, brought the
general list to slightly higher
price levels.
! At midday October sold at 6.92
off 6; December at 7.13, off Z;
January at 7.24, off Z; March at
TAB, off 7, and May at 7.61, off Z
An increase in Southern selling
was noted by observers around
the cotton ring, and this was at
tributed to hedging, although the
crop has not yet started to move
in volume.
The Government ginning report
showed less than one-tenth OF ]
per cent of the crop has been
garnered.
Wire houses 1iquidated. Spot
firms sold. There was consider
able trade buying credited as
price fixing by Spinners. Wall
Street and the continent bolght
distant months, while cooperative
brokers bought March. Liverpool
was on both sides of the market,
but mainly on the selling side.
The Washington times., 1931-08-11

clothing and shoe districts of New
England and the Eastern manu-
featuring centers, as we'll as the
tire-producing sections of north
ern Ohio.
Farm income, according to pre-
liminary estimates, will show a
loss of only 4 per cent from last
year and will total in the neigh.
borhood Of $7,430, ,000, 900. In East
ern States and in the Southwest
there are prospects of improved
purchasing power for the farmer,
and, as the cost Of living has
been lowered the country over.
the purchasing power of farmers
as a whole will only be slightly
lower than last year.
Building activity is still re-
strained and, in the Brookmire
opinion, improvement will be
Spotty until next spring. when
more definite revival should oc-
cur. The petroleum industry ap-
pears. it is pointed out, to have
passed its worst phase and dur.
ing the coming IL months is
likely to see some Improvement.
The Washington times., 1931-08-11
BUILDING LOAN
+. PARLEY OPENS

PHILADELPHIA, Pa, Aug. IL.
Savings, building and loan asso-
Citations in. the United States
gained last year more than twice
as many shareholders as they
gained in 1929, according to the
annual report made here today
to the United States Building and
Loan League by its Secretary
Treasurer, H. F. Cellarius, Gin
cinnati, Ohio.
The league is holding it's ma
tional convention here, celebrating
the Tooth anniversary of the
founding of the first American
building and loan association in
Frankford, a suburb of this city.
Total assets of the associations
increased $128.964,9 ,939 during the
fiscal year ending December 81,
1890, the report showed. The
figures were totaled from 11,777
associations, ten of which are in
the territory of Hawaii. The
league is the national organiza-
ton of the building and loan
business.
The total membership in build
ing and loan associations in this
country at the end of 1880 was
12,336,754, an increase of 225, ,545
shareholders over the previous
year. In 1929 the gain was u.s..
304 shareholders.
Representatives are here from
Washington, D. c., where there
are "a associations having 75,253
members, an increase of 3,210 for
the year, and SIS, ,494, 900 assets
UP $6,994,284.
The Washington times., 1931-08-11
RALLY ON CURB
FAILS To HOLD

NEW YORK, Aug. II UNSO
Faint signs of a rally were evi.
denced along toward the noon
hour in today's apathetic curb
session, but while this enabled a
good many of the recently de-
pressed favorites to move some.
what higher for a time, lack of
ally speculative follow.up caused
this bulge to flatten out, with
prices not far removed from
previous closing levels.
General Gas and Electric con.
vertible preferred B in the utility
group. after an early dip to 4O5s
bounded up briSkly to reach a
high Of As, for a net gain of 3A
points. American Gas and Elec
trio was up "a at 81, American
and Foreign Power warrants
showed u point improvement at
1917, and Electric Bond and
Share was up nominally at its
midday high of 36A.
Cities Service was satisfied to
settle back at its recent support
point at 9, at which point offer.
ings were readily absorbed.
Oils were a trifle firmer, with
Vacuum up 3s at 451s, and
Standard of Indiana up u at
1919.
Aluminium was the pace-setter
in a dull speciality list with a
2I2-point run-up to 1l6. Deere
was up "a at l8.
The Washington times., 1931-08-11
qnciaL Neus Stocks Bonds Commodities and Comment
Insurance for Accidents
Is Urgent and Cheap

1t costs about 500 a year to
secure a policy which pays $1OC
a week for from one day to q
lifetime; or any accident that
incapacitates one from attending
to business duties: in other words
If totally disabled. If only par
TALLY disabled, the contract would
pay $50 a week. for a designated
period of time. varying somewhat
in different policies.
Doubled on Carrier
Should you be accidentally
killed, your estate would receive
$50, 900 in cash. Should the accl'
dent occur on O common carrier,
or so-called fare.paying vehicle,
you would receive 5000 week
for injury, if totally disabled;
500 a week for partial disability,
and the death benefit would be
$50, 900.
The premiums can be paid
quarterly or semi-annually If de-
sired. Larger or smaller can be
purchased for the same pro-
portionate cost, but you cannot
buy a policy for an amount be-
yond your weekly earnings.
A mans entire financial pro-
gram generally depends on his
ability to earn money. Life insur-
ance premiums, fire insurance
and automobile insurance prem.
iums are, as a rule, paid out Of
earnings. 1t is therefore essential
that you protect your earning
ability by carrying adequate
accident insurance that will furn-
iSh you with a monthly income
in case your power to make
money is impaired as a result Of
an accident.
The Washington times., 1931-08-11
Copeland Reports
HeaUy JuLy Orders

Copeland Products. Inc, manu-
facturers of household and COM
mercial refrigerating apparatus,
reports that in July unit ship
ments we're increased "a per cent.
and orders received were 1855 per
cent above orders booked in July,
1890.
Untitled orders for immediate
shipment as of August /, 1881,
show an increase over orders car
ried into August, 1880, so sub
Stantial as to insure a consider.
able increase in August shipments
as compared with shipments in
August, 1880.
The Washington times., 1931-08-11
Ry FRANK F. LOOMS

Accidental deaths in the United
States now average approximately
$4,000 a year. of which total
about $4,000 are automobile, 10000
industrial, and 10000 miscel'
laneouS.
Accidents increase during the
summer months, and women are
Just as much exposed to accidents
as are men. Anytime, anywhere,
a slip, fall, an error Of judgment
on your part or the other fellows
may result in a costly accident.
Accidents are expensive. Cash
reserves accumulated for months
or years can be wiped out over
night.
You cannot, of course, prevent
accidents from happening, but you
can prevent their resulting in fl
nancial loss by equipping your
self with an accident insurance
policy.
Full COverage Check
A full coverage accident insur.
ance policy viii pay doctor, hos
pital, nurse bills and all medical
expenses caused by bodily injury,
in addition to other benefits.
Liberal amounts are paid for &C.
cidental loss of two hands, two
feet, two eyes, one hand. one foot
or one eye, for loss of fingers or
toes, and for certain fractures and
dislocations.
No medical examination is re-
quired to secure such a policy.
The cost for a full coverage acCi-
dent insurance policy varies with
occupation. but not as to age,
and is written for men up to SIS
or so years old.
The Washington times., 1931-08-11
Army AUOts Funds
For Rivers, HGrbOrS

Allotments from the rivers and
karborS fund for waterway i'm
provements were approved yes.
terday by the War Department
as follows:
Muskingum River, Ohio, $55,.
900 for operations and care Of
lock and dam; Oswego Harbor,
New York. 100000 to be applied
to payments under contract for
construction Of breakwater sys-
tenn; Kanawha River, West Vim,
ginia, 1925, 200, for operation and
care of lock and dam. OF this
last item $4,000 was advanced
last month.
The Washington times., 1931-08-11
Business Declines
Smaller for JULY

Declines in general business
became less pronounced during
the first two weeks in July, follow
ing a more than seasonal reces'
sion in June, it was revealed by
the Department of Commerce
yesterday in a summary of the
business situation.
The Sharpest slumps were in
the iron and steel trade and in
automobile production, though
textile activity remained close to
seasonal levels and above the
1890 range.
The Washington times., 1931-08-11
Plan to RefinG1ace
u. S. Lines Manned

Plans for refinancing the
United States Lines On liberal
terms" have been worked out by
the United States Shipping
Board, it was learned here yes.
terday.
Under this plan, Paul w. Chap
man, present owner Of the Levia-
than and her sister liners, may
be able to retain control Of the
lines, which have been losing
money since the depression
started.
If he fails to take advantage
of it, the plan will be presented
to all other parties who may have
an eye to taking over the big
American ships.
The Washington times., 1931-08-11
OUenS Glass Earns
S2.43 On Common

OwenS-Illinois Glass Co. earned
$2,716,839.34 for the IL month
period ended June 80, 1881. This
is equivalent to $2.43 a share on
the common stock after provid-
ing for interest on the outstand-
ing S per cent debenture issue
and the full yearly dividend of
$3.50, 900 on the 100000 of 6
per cent preferred stock. Divi-
dendS on the common stock are
being paid on basis of $500 a
share annually.
The company'S sales volume
during the first SIX months of
1881 has held up very we'll.
The Washington times., 1931-08-11
Hen1phiU. NOyes Co.
Adds to Staff Here

Hemphill. Noyes & Co., mem
bers of New York Stock Ex-
change, with offices in the Shore
ham Building. announce the addi-
ton to its stock department Of
August Schmidt, who has been
identified with the investment
business in Washington the past
ten years.
Mr.. Schmidt will be engaged
In the statistical department also.
The Washington times., 1931-08-11
Chicago Stocks Dip
SLightLV for Week

Fifty representative stocks traded
on the Chicago Stock Exchange
during the week ended August
had a market value of $1,911,444..
COS at the close of business Sat.
urday. as compared with $1,956,
059, ,143 at the close of the pre-.
vious week, according to a com
pilation by Paul H. Davis & Co.
This represents decrease Of $44,
614,538, or 2.28 per cent.
Paul H. Davis & Co.'S analysis
shows that the market value of
$1,911.444.6 COS for these so stocks
on Saturday compare with $685.
378,797 for the same stocks on
August 9. 1880. This is a de
crease during the year Of $1,14l,
934,1 1872, or 37.39 per cent.
The Washington times., 1931-08-11
German Loan Banks
ShOU Sound GrOUth

BERLIN. Aug. II. - The Con-
gress of Building and Loan So
cieties now under way in Phila-
delphia is attended for the first
time by delegates from Germany,
where such institutions are still
new. The largest of them. the
Association of Friends, of Ludwigs-
burg in Wurttemberg, represented
by Director Schuon. had phe-
nomenal rise in spite Of the ad-
verse economic conditions.
The Washington times., 1931-08-11
6 MONTHS SALES UP

Net income of Interstate de-
partment Stores, Inc, for six
months ended June 80, 1881, after
all charges, was $458,564, eqUiva-
lent. after deduction of preferred
dividends paid. to $1.55 on 233, ,6O2
shares of common stock outsrand.
ing. This compares with net in
come of $482, 1872 in the first six
months of 1880, which was equiva-
lent, after preferred dividends, to
$1.65 a share on the same amount
of common stock.
Interstate's net sales in the first
six months totaled $1O,O72, ,201,
against $lO,O26,70 a year pre-
Viously, a gain of $751; ,494.
The Washington times., 1931-08-11
BUL0VA WATCH CUT

Bulova Watch Co. declared a
quarterly dividend of 20 cents
on the common stock, placing the
stock on an 80 cents annual
basis, against $50 previously.
The regular quarterly dividend
of 87h cents on the preferred
also was declared. Both dividends
are payable September I TO stock
Of record August Is.