davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1931-03-18

CONFIRMATION AWARDS FILED.
 The following compensation agree ments were filed at the office of the compensation commissioner today: American Mills Co and James s. Brady of 222 Tracy avenue, strain. S9.s3 weekly; St Mary's Hospital Corp and Michael Daly of 56 Frank : lin street, ankle injury. $12.S5.
The Waterbury Democrat., 1931-03-18
EARLYI,rr rR RAnINfs

New York, Mar 18.-(UP)-Prices moved irregularly at the opening on the stock exchange to-day. Trading was quiet.
 Steel common slid back A point to 145 and other steel shares held about steady, influenced by produc- ity against .55 per. cent g week ago.
 Railrosd shares were steadier with New York Central unchanged at 110; Chesapeake and Ohio off 1s at 4O!A and Atchison unchanged at lS5 low for the year at 1S off s under
The Waterbury Democrat., 1931-03-18

< glassmaking plant will be erect cd in southern Belgium to utilize tha k;ss from nearby coke furnaces.
Smyrna times., 1931-08-19

children.
Mr.. and Mrs. James Hammond
of Wilmington, were recent guests
of P. L. Barcus and family.
Mr.. and Mrs. Samuel King spent
visit with their son, George and
family in Camden last week.
Joseph Swain who was on the
sick list several days of last week
is better.
Mrs. d. H. Casson was a recent
guest of Mrs. Royal Masten at
Greenville, Del.
Mr.. and Mrs. Foster Sapp, Mrs.
Sara Deats and Joseph Willis and
family spent a visit at Woodland
Beach last week.
w. w. Kerper has returned from
a weeks visit with relatives at st.
Michaels and Bozman.
Mr.. and Mrs. Walter Smith have
returned from kits Hammock.
Smyrna times., 1931-08-19
SMYRNA LANDING
Items of Personal and Social In
terest Cleaned About Town

Smyrna Landing, Aug. 18.-Mr
and Mrs. George Smith are receiv-
ing congratulations on the arrival
of a baby girl born at Mrs. Thorn
as Wrench's on the 18th of this
month, and her name is Gladys
Lorene.
Mrs. Louis Gaulke entertained
her children on Sunday and
Mrs. William Gaulke and son Billy
of Camden, N. j.; Mrs. John Bailey
and son John; Mrs. Walter Reed
and son Melvin, of Marcus Hook !;
Mr.. and Mrs. Milton Slaughter and
children Francis, Curtis, and Ber-
nice of Middletown; Mrs. Herbert
Wilson and daughter Camel, of Co
lubus, N. c.
Master Leonard Walker of Town
send, is spending visit with his
grandparents, Mr.. and Mrs. Char
les Walker
Mr.. Frank Steward of Chester,
Pa, Miss Niblett of Wilmington,
were Sunday visitors OF Mr.. and
Mrs. Thomas Wrench.
Mr.. Ralph McClain and sister,
Miss Ada, of Taylor's Bridge, were
recent visitors of Miss Martha
Warner.
Mrs. Thomas Wrench was called
to Dover Saturday to her daughter
Mrs. Wilmer Fcrd, who was taken
seriously i'll. Mrs. Ford was rush
ed to the Kent General Hospital
and operated on by DR.. Mantz of
Philadelphia, who was down on a
visit to DR.. G. j. Prickett. Mrs.
Ford at this writing, is very i'll.
She has the best wishes of all for
a speedy recovery.
Smyrna times., 1931-08-19
MILLINGTON
Items of Personal and Social In
terest Cleaned About Town


Millington, Md, August 18.-The
Sudlersville Group Of Churches
held a very interesting World
Friendship service at Asbury M. E.
Church in Millington last week, to
which they brought the Seven
Treasure Chests which they had
filled withe gifts for the little chill
dren of Porto Rico. There was
over a hundred people present from
Sudlersville, Galena, Cecilton,
Bridgetown, Templeville, Hender-
son, Marydel, Colts, FELTON, and
Stevens Schools and Millington.
Mrs. S. T. Pippin, who fell down
the attic stairway at her home rec
emily and fractured her arm, was
removed to Easton Hospital for
treatment where she is doing we'll
Miss Mabel Comegys has return
ed from a sojourn at Ocean City,
Maryland.
Miss Constance Proctor, Mrs.
Lula bennington and Mrs. Charles
Massey, of Washington, ID. C.,were
the recent guests of Mrs. S. S.
Comegys.
Mrs. Sallie Smith, wife of Thom-
as j. Smith, who died in Philadel-
phia on Saturday morning, August
8th, was buried in Millington last
Wednesday; interment being in
Millington Cemetery
Smyrna times., 1931-08-19
BLACKBIRD
Items of Personal and Social In
terest Cleaned About Town

Blackbird, August 1S.-Mr. w.
A. Watson, 3rd, and Mr.. Walton
Johnson are on a trip to Pitts
burgh. They also stopped at Get
tysburgh on their way out.
Mr.. and Mrs. c. Fred Heinold
and George Heinold are on a trip
to Luray Caverns, Va.
Mr.. and Mrs. Herman FAIRIES
visited Deemer Beach on Sunday.
Mr.. and Mrs. Roland Burchard
and daughters and Mr.. and Mrs
Martin Mitchell spent Sunday at
Deemer Beach.
Mrs. Emma Fortner has return
ed from a weeks visit with Mrs.
Fred Stephenson at State Road.
Mrs. Susan Davis has returned
to her home in Wilmington.
Mr.. and Mrs. E. P. Vogel and
two sons, started on a trip to But
Ter, Pa, on Monday. Mr.. Vogel
returned on Friday from Ithaca,
n. Y, where he has been taking
course at Cornell College.
Miss Carrie Clayton spent the
weekend with Miss Irene Nichols.
Mr.. and Mrs. r. L. Nichols en-
tertained on Sunday Mr.. and Mrs.
D. W. Williams and son Bobby of
Yorklyn; Mr.. and Mrs. David Stew
enson and daughters, Of Smyrna;
Mr.. Leroy Nichols and family, Of
fredericksburg; Mr.. Lee Nichols and
family, of Newark; Mr.. and Mrs.
Gray, of Richardson Park; Mrs.
Nellie Nichols and Miss Ruth
Nichols of fredericksburg, and Mr..
George McNatt of Smyrna Land
ing,
Smyrna times., 1931-08-19

Lillian Shackell, Marian ShackelI,
Charles Marker, Mr.. and Mrs. Viii
liam Marker, Mary Louise Moore,
Anna Ford, Eff1e Cleaver, Mrs.
James Boyles, Mrs. Edward Ford,
all of Cheswold; Thelma Watts,
Pauline Townsend, James Niblet,
Martha Kemp, Gladys Nissen, Har-
ry King, William Hunter, Martha
Duce, Mr.. and Mrs. Walter Ford
and daughter, all of Dover, and a
number of others from distance
enjoyed the evening by playing
games and also the nice refresh
ments that were served.
Margaret Learned has been
spending the past week with rela-
tives in Trenton, N. ].
Mrs. Beulah Sampson and
daughter Grace, spent the week
end at Rehoboth.
N. L. Remley and family have
returned from weeks stay at
kits Hammock.
w. T.. BarcuS and FAMILY nave
been spending this week at kits
Hammock.
Margaret Kipp and sister, Gladys
have been spending several days
with their cousin, Dorothy Schneid-
er, of near Woodside.
Francis Casson, who recently
had the misfortune to cut cash
in his thigh, is getting better.
Mr.. and Mrs. George Kick, of
Philadelphia, have been guests of
Mr.. and Mrs. Carl Rampendahl and
Smyrna times., 1931-08-19

dren, of Wilmington, spent the
weekend with Mr.. and Mrs. John
A. David.
Mr.. and Mrs. Robert Davidson
ST., and Mr. and Mrs. ]. E. Latta
are spending a few days in Wash
ington, D. c.
Friendship M. E. Sunday School
held their annual picnic at Angus
tine Beach on Thursday.
Mr.. and Mrs. Oscar David and
family of Smyrna, spent Sunday
with Mr. and Mrs. Elmer David.
Mr.. and Mrs. Arthur Curry and
sons of Chester, are visiting her
mother, Mrs. Ella McClain and
family.
Mr.. and Mrs. William Daniels,
and Mr.. Frank Daniels, spent We'd
nesday in Philadelphia.
Mr.. and Mrs. Charles Logan of
Wilmington, were Sunday visitors
with Mr.. and Mrs. John A. David.
Smyrna times., 1931-08-19
KENTON
Items of Personal and Social In
terest Cleaned About Town

Items of Personal and Social In.
terest Cleaned About Town
Kenton, August 18.- With the
vacancy in the Kenton postmaster
ship caused by the recent death OF
the William S. Arthurs, the United
States Civil Service Commission
has announced that an examination
of applicants for the position will
be held after the close of the appli-
cation period September 4th next
The postoffice at Kenton is of the
fourth class and paid a salary Of
S1O01 for the last fiscal year Ap-
plicants must be 21 and residents
of the territory supplied by the
postoffice. Applications must be
made on Form Blanks No. 1853
and executed and filed with the
Civil Service Commission at Wash
ington by September 4th.
\ Barclay blanked Kenton in a
close game at Kenton Saturday, !
to 0. The game was a keen pitch
ing dual between Palmer, for Bar
clay and Vetter for Kenton, with
the honors about even. Both burl-
ers allowed five hits. Vetter fan
ned nine and Palmer disposed of
II via the strikeout route. The only
base on balls during the contest
was issued by Palmer. Vetter also
delivered two of his teams five
hits.
Mr.. ]. P. Walker and son Carl,
Mrs. Ella Carey and daughters
Eva and Ethel, motored to Ocean
City, Md, on Sunday.
Master Lawrence and Edward
McCandless of Colwyn, Pa, are
visiting their grandparents, Mr.and
Mrs. Lawrence Erwin. Their faith
er, Mr.. E. M. CcCandless spent the
weekend with them.
Mr.. and Mrs. Ollie Jones, with
Mr. and Mrs. Dixon of Wilmington,
went on a motor trip last week to
visit Mr.. Stanley Jones and family
at Johnstown, N. Y.
Mr. and Mrs. John Thomas en-
tertained at dinner on Sunday.
Mr.. and Mrs. Fred Zimmerman
and daughter Virginia, of Philadel-
phia; Mr.. Joseph Cough of Arm
dale, Pa, and Mrs. Martha Cough
of Wilmington.
Mr.. John Graham of Philadel-
phia, was in town last Friday.
Miss Dorothy Pepper of George
town, spent part of last week with
Miss Catherine Smith.
Miss Susan Hand of New Castle,
who has been spending two weeks
with Miss Corinne Hilyard, return
ed to her home on Saturday.
Mr.. and Mrs. Harry Daniels and
Louise of Collingdale, Pa,
spent last Thursday with Mrs. w.
S. Arthurs and family.
Mr.. and Mrs. Harry Moore and
Mr.. and Mrs. R. L. Lloyd motored
to Ocean City last Thursday.
Miss Norma Hamer, who has
been visiting her grandparents at
Seaford, has returned.
Miss Irene Garrison of Philadel-
phia, has been spending her vaca-
ton with her father, Mr.. Gamaliel
Garrison and sister, Mrs. Helen G.
Attix.
Smyrna times., 1931-08-19
HARTLY
Items of Personal and Social In,
terest Cleaned About Town


Hartly, August 18.-The P. o.
S. of A. officers Of Hartly Lodge,
have installed the following officers
Of the Lodge. They were: Past
President, Mrs Martha Campbell; !;
Assistant Past President, Mrs. Lola
Truitt; President, Miss Elva Tay-
lor; Assistant President, Mrs.
Maude Schweitzer; Vice-President,
Mrs. Lena Section; Assistant Vice
President, Mrs. Mary Dodd; Con-
ductor, Mrs. Flora Pleasanton; As
sistant Conductor, Mrs. Lottie
Johnson; Chaplain, Mrs. Lillian
Phillips; Guard, Miss Marie Bloom;
Sentinel, Mrs. Mary Schweitzer.
Mrs. Sallie Thompson has re-
turned home after spending a few
days at Bowers Beach.
Mrs. Edith Moore, of Clayton,
was the recent guest of Mr.. and
Mrs. K. w. Truitt.
Mr.. and Mrs. c. c. Roadway, Mr.
and Mrs. George Roadway and
daughter, Elizabeth, Mr.. and Mrs.
Fred Schweitzer, Sr., Mr.. and Mrs.
Howard Schweitzer and Mrs.
George Schultz and daughter, Max
inc, were recent visitors to Beth
any Beach.
Mr.. and Mrs. ]. Seward Daley
had as their recent guests Mr.. and
Mrs. L. N. Evans and Charles Fal-
lowfield, of Wilmington, and Miss
Elva Taylor.
Mr.. and Mrs. Louis Schweitzer
has been entertaining her parents,
Mr.. and Mrs. Thomas Boone, Of
Wyoming.
Mr.. and Mrs. Mifflin Todd of
Lebanon, were recent guests of
their daughter and husband, Mr..
and Mrs. Joseph Danes.
Smyrna times., 1931-08-19
TAYLOR'S BRIDGE
Items of Personal and Social In
terest Cleaned About Town

items OF PerSOnal ana Social In
terest Cleaned About Town
Taylor's Bridge, August 18.-
Mrs. Thomas Boyer spent Satur-
day in Wilmington.
Little Jack Francis of Smyrna,
is visiting Mr.. and Mrs. Clarence
Johnson.
Mr.. and Mrs. George Murphy
and Miss Margaret Lewis of Ches-
ter, are spending this week with
their sister, Mrs. ]. e. Latta and
Mr.. Latta.
Mr.. and Mrs. Robert Davidson
Sr., spent the weekend with rela-
tives at Bowers Beach.
Mrs. Elmer David was a Will
mington visitor Saturday.
Mrs. Jennie Keiser is on the sick
list.
Mrs. Samuel Forsythe of Ches-
ter, spent the weekend with her
mother, Mrs. Ella McClain and
family.
Mrs. Allie Husbands and chill
Smyrna times., 1931-08-19
SUDLERSVILLE
Items of Personal and Social In
tereSt Cleaned About Town


Sudlersville, Md, August 18.-
Miss Fannie Merrick has returned
home from Baltimore, where she
just completed summer school
course at Johns Hopkins Univers-
ity.
Misses Helen and Peggy Yarnall
left Tuesday for Pittsburgh, Pa,
where they will visit friends.
Mr.. and Mrs. Arthur Truitt ac-
companied by Mr.. and Mrs. Christ
opher Wallace of Dover, spent a
visit to Rehoboth last week.
Mr. and Mrs. Theodore Walbert
have returned home after spending
a motor trip thru the New England
States.
Mrs. Annie Jones spent last week
in Baltimore, visiting her son, Har-
ry Jones.
Miss Mary Sparks of Washing
ton, d. c., and Miss Charlotte
Eichorn of Hyattsville, Md, have
been visiting with Miss Sparks
mother, Mrs. Sallie H. Sparks.
They all motored to Rehoboth
while here.
Miss Sara Roe has returned
home after visiting her brother-in-
law and sister, Mr.. and Mrs. Yer
non Abbott at Silver Spring, Md.
Miss Anna Jump of Wyoming,
has been the guest of her brother
in-law and sister, Mr.. and Mrs.
Walter Stevens for the past week.
Mr.. and Mrs. James Merrick
have been entertaining their SON.
in-law and daughter, Mr.. and Mrs.
Randolph Marshall and family of
Lynchburgh, Va.
Mrs. Harry Nuttle and son By
ron of Andersontown and niece,
Mary Margaret Joslin of Baltimore
has been visiting her mother, Mrs.
@. L. Joslin.
Mr.. and Mrs. Price johnson and
daughter, Ellen Ross accompanied
by Mr.. and Mrs. Ross Duling of
Goldsboro, visited Rehoboth last
week.
Mr.. and Mrs. Paul Karston of
Fredericksburg, Va, were recent
guests of Mr.. and Mrs. John
Stokes.
Miss Margaret Stevens had as
her recent guests Miss Elizabeth
Griffith Of Wilmington, and Miss
Mildred Pepper of Rockville, Md
Miss Kitty Spohn of Philadelphia
has been spending sometime with
Miss Catherine Braye.
Mrs. Victor Gillespie, Miss Mar
garet Stevens and house guest,
Miss Elizabeth Griffith and Miss
Mildred Pepper, Miss Peggy Yarn
all and Miss Helen Gillespie:
Messrs. William Roberts, Leon
Stack and Sturgis motored to Re
hoboth last week.
Miss Betty Payne Braye has re-
turned home after an extended Wis
it with friends in Virginia.
Miss Catherine Braye and guest,
Miss Spohn visited Baltimore, Md,
last week.
Miss Helen Anderson has been
visiting relatives in Delaware.
Smyrna times., 1931-08-19

Miss Elva Reese has returned to
Washington, D. c., after a visit
with her parents, Mr.. and Mrs.
William Reese.
Walter Gale is visiting his uncle,
Frank Gale, near Washington, DC.
Mrs. George Higman and son,
Frederick, and daughter, Miss
Louise, of Milford, were visitors of
Mr.. and Mrs. Alenda Smith last
week.
Rev. Roland H. Nelson has re-
turned after two weeks at Summer
School at Ocean Grove, N. J.
Smyrna times., 1931-08-19

Other Correspondent
Smyrna times., 1931-08-19

have left BY motor 10
ham, Ala, for a for'nE-
with the latter's son anu
in-law, Mr.. and MI
Raughley, Jr.
Mr.. and Mrs. Georgs
have been entertaining !.
home, "Restmere' n eal !. !
Alice Truitt of Phil adslp
tain Asher ]. Hudson : !.
daughter, Miss Vns :,
Carleton Hudson and 'oa =.
ton, Jr., and Mrs. 'i''
Gregory.
MIS-. Jd4AAOS "A,
Major Hutson at Be,e'r, ~,
during the Delaware 1..s l,sr
The Major who mas ~ .,,-
National Guard enc'i'i
t,o Friday.
Mr.. and Mrs. Wiiii'
Jr.. have returned ! W =
sojourn at Wildwood +" : ,
Mr.. and Mrs. RuSsen -,
have had as their m |,
ter's father. Frank =, "a
Roscoe ]. Doddrldge =. I.sj
Ruth Joan of Milton, W
Other Correspondents % :
Smyrna times., 1931-08-19
CHESWOLD
Items of Personal and Social In
terest Cleaned About Town

terest Cleaned About Town
Cheswold, August 1S-Mrs. Nor
man Smith and daughter, Miss
Pearl, of Dover, were guests of Mr.
and Mrs Walter Smith and Mr..
and Mrs. P. L. Barcus last week.
Mrs. Edward Kipp has returned
from visit with her aunt, Mrs.
Frank Luff.
A birthday party was held at the
home of Mr.. and Mrs. Brice Kemp
last Wednesday eevning in honor of
their daughter Ethel. Those who
attended were: George Luff, Will
liam Opedyke, Audrey Shackell,
Smyrna times., 1931-08-19
DOVER

Some Items of Personal Doings
Noted About the State Capital
Dover, Aug. Is. - w. Denny
Clements and Eugene Raughley
Seward daily gateway., 1931-12-17
O|RECTORS APPROVE
 BANK MERGER PLANS

NEW YORK, Dec. 1e. (P)-Plans for the merger of the Chatham Phoenix National Bank and Trust Company and the Manufacturers Trust Company with deposits in ex- cess of $400,OO0,O00 were approved by directors of the two banks.
 The two banks will have a new name to be announced later and will be under the chairmanship and presidency of H. D. Gibson, president of the Manufactures Trust Company.
 l.. Kaufman, chairman of the Chatham Phoenix, will be chair man of the executive committee of the merger banks, and H. Von Elm, vice chairman of the Manufactur- CTS, will be vice chairman of the board. The merger is subject to approval by the stockholders and State and National banking au- thoritieS.
Seward daily gateway., 1931-12-17
.EIECTH|c LIGHTS MAY
 REPLACE. ACETYLENE IN
 ALASKA LIGHTHOUSES

It Is costing the United States Lighthouse service over $5,O00 a year to get acetylene cylinders used for aids to navigation in AL aska, recharged in Seattle. There has been talk of having a recharg- sng station built in Ketchikan, but with a new type of blinkers com- ing into use, electrically charged ones, the acetylene type may be re- tired, says the Ketchikan Chronicle.
 Roughly speaking. some 1000 cyl finders a year are shipped from AL a.ska to Seattle. On the last trip ss the Northland 8 number were aaken south. Approximately s5.400 a year alone is paid for recharg- ing which does not include the &eight rate for taking the cylin- ders south and returning them to Ketctikan. Lighthouse tenders
Seward daily gateway., 1931-12-17

bring the metal containers here and take them out again after they are recharged.
 The recharging Is done In Seat tie by the Lindy Air Products com pany. It is said to be a very ex- pert and dangerous job owing to the inflammable nature of the gas. Each cylinder is tested before 1t is shipped north.
 Tn nearly every bulletin issued to local mariners by the lighthouse service are noted blinkerS which have been extinguished. This is not the fault of the charging but due to the fact that the automatic feed pipe may become clogged in which case the light does not last its allotted time.
 The new electric lights, some of which are already in use In Alaska are said to be more reliable and economical. Instead of gas, stor- age batteries are used. When the batteries grow weak they are taken out and thrown away and new ones installed. This all can be done from on board the lighthouse tenders by raising the cylinders tc the deck, putting the new battery
Seward daily gateway., 1931-12-17
pEACETTME HELP

WASHINGTON, D. O., Dec. Is. P)-Secretary of War Patrick Hur- ley issued his annual report en- phasiizng the Army's participation in peacetime war" against de- pression in the United States pointing out numerous ways in which the military forces have CO., operated to ease the burden of the poor.
Seward daily gateway., 1931-12-17

Now is the time to i00K over old packs and have new bottoms pue on for winter.
 SEWARD LEATHER WORKS
Seward daily gateway., 1931-12-17

Have you heard the new "OKEHs records at Sylvia's. They are wOu- derfui.
Seward daily gateway., 1931-12-17

SKATING NOW-Skates at aew low prices. Urbach & VaIade.
Seward daily gateway., 1931-12-17

Date Books and Tide Tables fsx 1892 now in. ALASKA SHOP.
Seward daily gateway., 1931-12-17
LET EM WALK

Indifference is sometimes ac- quired at Q very young age, and we have as an example the little boy who said to his father, Say, Dad that apple I just ate had a worm in it. and ate that too"
 'What?" said his startled parent. Here. drink this water and wash 1t down
 But Junior shook his head. "A~, let i'm walk down"
 Chicago is the leading meat mar
Seward daily gateway., 1931-12-17

in place, and lowering the cylinder , again to it's position.
Seward daily gateway., 1931-12-17

Flo zegfeid once eorifed uiyon TGsSs- naon in inc "FoIIies" sense but Hollywood mode her internationally famous. She's prime Hollywood sociol leoder. and one os inc best dressed women on inc screen. Do not miss her in Paramounf's Girls About Town."
Seward daily gateway., 1931-12-17

Chicago is the leading meat mar ket.
Seward daily gateway., 1931-12-17
'> ! oasfiir1g is
 eertaiinIy e great profeci

'tuckies for me every lime. They don't Ieove on ofter-toste, they don't cause huskiness, they don't make me cough. Tossing is certoinIy e greet protection. And thot improved ceiloPhone wrapper of yours-it's greot--g eon aetuaIIy open if without a knife"
Seward daily gateway., 1931-12-17

Made of inc finest fobueeos - The Cream, of mony Crops LUCKY STRIKE clone csfers the throat protection of inc exclusive ROASTING" Process which in- cIudes inc use of modern Ultra Violet Rays inc process tEsaf expeIs certain horsh, biting irrifesF'fs nafvraIIy present in every foboeco See'f. These expelled irritanfs are not pres- eFf ir yovr LUCKY STRIKE. They're ouf-so they ean.t De ln!" No wonder LUcKgEs are es"ays kind to your t!,roor.
The Washington times., 1931-04-24

Public Utility Bonds Bid Ask
Amer Tel & Tel 4as SO. 12S& .....
Am Tel & Tel ctl tr 5s. los .....
Anacostia G. Pot r r 5s.... rs 79
Ana & Pot Guar 5s........I 80 100
C & Tel of Va 5s........ I1O3 .....
The Washington times., 1931-04-24
REBOUND
FAILS To FIX
PROSPECT
CIear-Cut Selling Climax Is
Still to MateriaIize, Says
Spectator, Eyeing Future
BY THE SPECTATOR

NEW YORK, April 24.-The un-
convincing character of the clos
ing rebound in stocks again post
pones a clear-cut selling climax
from which sustained recovery
might be evidenced.
While the volume of turnover,
at close to the four million share
mark, was the largest in almost
two months, the rally in the aver.
ages was but trifling.
Less Than Point Gained
According to the Standard sta
tistics index of 80 stocks. a gain
of five-tenths of a point was
scored, while the rails declined
further to new low ground for the
year. While an extension of the
upturn should logically be in order
today, the recent action of the
market permits of no intelligent
forecast.
Two circumstances which make
it difficult to judge present condi-
tions on the basis of precedent. as
outlined by close analysts of the
situation, are:
Distribution of common stocks
has grown tremendously with
outright holdings representing
more important proportion of the
total available securities than be-
fore.
Due to the small floating sup
ply of many stocks, even follow
ing a year and half of decline,
a number of issues still maintain
relatively high levels.
Efforts to gauge Overhanging
liquidation from investors or
pools to determine a buying point
for stocks, is therefore futile.
Rail Earnings Better
The first railroad reports for
March seem to indicate that
loss of earnings is lessening.
Union Pacific, for example,
showed a decline in net of only
13 per cent in March, from last
year, in comparison with Al per
cent in February and 26 per cent
in January.
Earnings for Chesapeake and
Ohio were actually 8 per cent
over March, 1880, after 81 per
cent decrease in the two previous
months.
With revenues in March sea-
sonally larger, it is the belief
that numerous roads can show
benefits to earnings from operat-
ing economies made effective
during recent months