davidaulloa/AmericanStories huggingface dataset:
Smyrna times., 1931-02-11
PIERRE S. DUPONT MAKES WET
PLEA To DELAWARE SALONS
GIVEN PRIVILEGE OF FLOOR
JOINT SESSION LEGISLATURE
Presents a Petition Signed by 37,-
1872 Persons Asking For Repeal
of the State hIair Law


Pierre S. DUPONT Friday made a
plea at a joint session of the Sen
ate and House of Representatives
of the Delaware General Assembly
for repeal of the Klair law, the
States dry enforcement act. He
presented petition signed by 81
132 residents of the State in which
the repeal of the act is favored.
The joint session convened in the
House and the chamber was filed
when Mr. DUPONT received the
privilege of the floor. TIE first told
of the enactment of the Loose law
in 1914, which was aimed to pro-
tect counties from shipments of
liquors from without. This law
prohibits importation or posses
sion of more than one quart of
spirituous liquor or one dozen pints
of malt liquor into divisions of the
State where the sale of intoxicat-
ing liquor is prohibited by law, but
! the manufacture of wine or cider
from native fruit for home con-
sumption is specifically permitted.
i Mr. DUPONT referred to the Klair
law, which was enacted in 1919 to
enforce the Eighteenth Amend
ment. Pure grain alcohol for med
icinal, scientific, industrial or
chemical purposes or wine for sac
ramental purposes may be sold IN
der restrictions, he said. He de-
clared that much harm has result
ed from the abuse of drink under
the prohibition laws in force. He
said alcoholic liquors such as beer,
wine, whisky and gin can be pur-
chased illegally, but freely, by
those who wish to buy. General
disregard Of the prohibition law,
he said, is leading to other lawless-
ness and a change in the existing
laws is needed. He declared that
of 100000 questionnaires sent out
last April, 44,500 replies were re-
ceived by him 39.70O favored re-
peal. The petition he presented
showed 37,132 asking for repeal
and 1928 against. Mr.. DUPONT re-
ferred to the failure to enforce
prohibition and said that $4,000
quarts of liquor were delivered on
diplomats permits in Washington
during the last three months.
There are 1000 raids annually in
Washington The equivalent in
New York is $4,000, and Whining
ton, 352 or one daily. Why should
Delaware be burdened with an en-
forcement act when Congress fails
to pass enforcement laws for the
City of Washington with twice the
population of our whole State, par
ticularly when the vote of half the
State, the City of Wilmington, and
46.3 per cent of the whole State is
against it? The General Assem-
bly, is called upon to enforce the
Eighteenth Amendment as far as
possible in accordance with the
wishes of the people of Delaware
and when in conflict with those
wishes not further than Congress
is willing to do in Washington anc
elsewhere.
Smyrna times., 1931-02-11
FIRE ALARM NEAR KENTON
Residence of William Cook Catches
Fire But Was Soon Extinguished

Smyrna firemen were summoned
to fire at the residence of Will
liam Cook near Kenton on Satur-
day but while preparing to go no.
tice was received that it had been
extinguished. The scarcity of
water in the country is becoming
serious. At a farm near town,
the two wells were pumped dry
recently to put out a chimney fire
leaving no water for household and
farm purposes.
Smyrna times., 1931-02-11
LOCAL INTEREST
Harry Virden Jr., Takes Miss Eliz-
abeth Bennett as Bride

Miss Elizabeth Bennett, daugh-
ter of Mr.. and Mrs. Arthur Ben
nett of Smyrna Landing, became
the bride of Harry Virden Jr., son
of Mr.. and Mrs. Harry Virden of
near Smyrna, on Saturday after
noon. The ceremony was perform
ed by Rev. E. P. Thomas. The
couple were unattended.
Smyrna times., 1931-02-11
Long Drought Broken by Rains

Smyrna and vicinity welcomed
Friday, Saturday and Sunday the
first real rain fall since last No
vember. While it was not enough
to supply the wells gone dry, it
was benefit to the dry earth and
especially to wheat.
Smyrna times., 1931-02-11
C. w. Coles Takes Nowland's Store

Clinton w. Coles of Point Pleas
ant Beach. N. j., who recently
bought the store business of Wal
ter S. Nowland, Commerce Street,
arrived Monday and took it over.
He also took the apartment over
the store for his residence.
Smyrna times., 1931-02-11
COMING FIREMEN'S SUPPER
Smyrna Firemen Preparing for
Big Event at the Club House

The committee has been appoint
ed to be in charge of the Firemen'
Supper which will be held in Cen
tury Club House on Thursday.
February 26th, is composed of
Harry c. Johnson, Ralph Jefferson,
and Julian Stats. They are now
making extensive preparations for
the annual affair.
Smyrna times., 1931-02-11

Monthly Meeting of Business Men
The Smyrna Business Mems AS
sociation met on Friday evening.
Only routine business was trans
acted. There was a fair attend
ance with the president, r. II. Den
ney, presiding.
Smyrna times., 1931-02-11
FIaANS FOR
FHInIDL N DOVER
So ncINTIRlE6 Re IN, IN
, sIl snI FOR $1,000 'OOO
!, Buy Additional
! J. the First Build
lifV' '.'..sombIv Hall

Y \, the legislature,
!, NJ the erection OF
Z. Z for the State gov
4, Y will be taken i'm
q sIl offered in the
y afternOOn by Sen, EN-,
I; passed. The he don Oll1
s,rspriates $1,000 600
4. necessary land and
* building which
,sstipg place for the
.'~bIy. The Governor
mder the provisions
,,ne a State Build
Commission of
GIsRare," to consist
.m and four other
q would serve with
he land, which the
ruld acquire by pur-
,gndemnation in Do
The lands and prem
u those now belong
n. lying between St.
md the east line Of
and the lands ana
between St. Jones
line established by
from a point at the
rrer Of the office
lanes W. satterfeld
States Corporation %.
slst side Of Dover
and parallel with the
the 0thce building
\ North Street, and
III between st. Jones
line extending from a
guth line Of the State
ast Of the east line Of
], Nuthward and par
zesst walk Of the resi-
Ianss N. Satterfeld to
r The commission
zNFered by the mea-
d the land surveyed,
i aeautifed, to the end
b Be used for sites for
(1E to meet the needs
n tur ADEQUATE quart
legislature, the Gov
rary Of State and other
u, and for State de-
nards, and commits
lining at the capitol,
Nate grounds. Further
STgn the commission to
p and equipped on this
Eauilding, adequate for
+ f the sessions Of the
@n6ly, with adequate
be meetings Of the
and for other legisla-
nd appropriate rooms
i'I the occupancy Of
r md the Secretary Of
r legislative sessions
|aa times as they desire
4 6lvsn to Commission
|1siion would further
70 enter into con
F The construction and
/ q the building. Ii
nntract for the orna-
/ EoratiOn and furnish
/ hiding. Similar rec
4 we're contained in a
4sclal commission to
e. On the land to be
|. Anas the Kent County
|air Armory and sew
| Aldlngs. It is under
he plan develops for
o State buildings all
FIXTURES would bo 49,
te'Alually six or more
% for the various
Na'lts would be erect
completion of these
Present. State House
n .s0lsd to its original
". " and would become
ioi lne Governor
~1laies, although the
! <'e building would con-
!, y !. The Governor and
\ Siats to be used dur
% sessions.
s'alle legislative Hall
! proposed is to secure
sssl ss.a and erect the Leg
I at once. Future
.,.'. 'ould care for furth-
s,a,'. s.ls It is also in
,.,s' s,s'at a bill providing
iIs.a ls.al Of 100000 or
! ,'1's building in vii
/ AOase State Office,
! ~. usage Of these bills
ss0o y y ~ the bill to ap-
N ivy 900 for new
/ ,s'u. ,.an that the State
j. ~.al a,5OO,OOO for
Sss sla nth the purchase Of
| i coming two wears
'Nsed s,sOO'ooo s,r,,a. Tor
! esool, 1'luctures. '',I OF
4gNY MUS will cost more
sm,.uSs uscause the dis
~pelled N Ni9-
SHh Of n. % put up
. DE sos ,'.e cost which
,saotassrr- sr-pOl 1sa, cost cost S.
The Washington times., 1931-06-06
N. Y. BOND PRICES

NEW YORK, June 6 G.N.SD.
Bond prices were irregular in a
dull featureleSS weekend market.
Liberty bonds and Treasury issues
were firm, while railroad bonds
and speculative industrial issues
were inclined to follow the re-
dictionary tone Of the stock mar
ket. South American bonds were
strong.
Missouri Pacific SIS. OF IT,
dropped off Ia points to B1h,
while Frisco 4l2s lost a point at
5SA and Atchison convertible
AIS were down u at 1874.
Argentine government 5hs
jumped nearly 4 points to 73,
while the IS were up 3 at 81;
Caldas TVS up / at 81; Buenos
Aires 612s up 4 at 633z, and Co.
lumbia IS up a point at 64.
Liberty old 31as- sold at 1928;
First 414s at 1O3.14; Fourth 4As
at l04.3O; Treasury Is at 1912
and Treasury 334S at 10TH.
The Washington times., 1931-06-06

in the cotton market during the
entire season have materially les
sened the farmers buying power.
Farm purchases of fertilizer have
decreased by about Is per cent
from those in 1890.
Cultivation will also probably
be on much less intensive scale,
despite the CheapneSs and abun-
dance Of labor. Weather condi-
tions have been more favorable
for the development of the boil
Weevil and its emergence has
been reported in greater quanti-
ties than during last season.
Taking all the adverse features
into consideration, it is estimated
that the cotton crop in 1881 will
amount to not over 11,500.000
bales, or a decline from the preVi.
Gus years harvest of 1877 per
cent. The actual supply available
for distribution during the COM
ing season, however, will be only
slightly smaller than in the 1890.
81 season. and will total approx
mately 100000 bales.
The Washington times., 1931-06-06
D. {. INSURANCE.
OUTLAY BIC

Payments made to District of
Columbia policy-holderS and their
beneficiafies by the New York
Life Insurance Co. in 1880 and
investments of the company here
during the year amounted to
$3,169,625 more than the total
of premiums collected, it re
ported today.
During 1880 the company col
lected $1,668,842 in premiums
here. 1t paid resident policy
holders and their beneficiaries in
death losses. maturing endow-
mentS, dividends. etc. 1882 $50.
The total investment Of the
company in the District Of Co
lumbia amounted to $28,921 ,679
on January l, exclusive of $685.
100000 in the securities of inter
state industries whose operations
are so widely distributed that
they cannot be allocated by
States. If such an ALLEGATION
were possible, the company states.
the amount in the District of
Columbia would be shown con-
siderably larger.
New insurance issued by the
company In the District in 1880
amounted to $6.482,943, bringing
the total insurance in force here
on January to $41,289,790,
The Washington times., 1931-06-06
SHORTS CHECK
COTTON DIP

NEW YORK, June 6 G.N.SJ.
A further setback at the open
ing Of the New York cotton ex-
change today carried prices
down II to 16 points or only 10
or IS points above the seasons
low levels scored in the middle
Of the week.
Heavy wire house and Wall
Street liquidation came into the
ring and commission house sell
ing increased in the distant
months. The South sold mod
erately. There was some scat
tered price fixing mainly for the
continent on a scale down. Co.
operative brokers bought distant
months. Weekend covering by
shorts, however, acted as check
to the decline.
At the start of the final hour,
July sold at $40, off is; october
at 875, off IS; December at 8.97.
off Is, and January at $40,
off IS.
There was no change from the
favorable crop conditions that
have been prevailing in the
South,
The Washington times., 1931-06-06
Record Carryouer Feared
For Cotton Crop

Present indications are that the
carryover from the present cotton
crop will total in the neighbor-
hood of 6,738,OOO bales, says the
Alexander Hamilton Institute.
This will exceed the previous high
record of 6,59O,OOO bales on
August /, 1921, and will compare
with 4,531,OOO bales on hand at
the beginning of the current
season.
This distressing situation was
the result, first, of the failure to
curtail production sufficiently
during 1880 and, secondly, of the
severe decline in world consump-
ton of raw cotton. Remedial
measures are being applied to the
first of these, the acreage planted
to cotton this year being reported
as 10 per cent less than in 1880.
Several other factors will prob
ably aid automatically in reduc-
ing the crop, according to the in
StituteS current bulletin. The
low prices which have prevailed
The Washington times., 1931-06-06
AUTO: HEAD SEES
FALL UPTURN

Continued cooperation among
industrial leaders in combating
obstacles to trade revival was
urged by Alyan Macauley, presi-
dent of National Automobile
Chamber of Commerce and of the
Packard Motor Car Co., at the an
nual meeting of the chamber in
New York.
Mr.. Macauley stated the bot
tom of the business depression
seems to have been reached and,
in considering the outlook for the
motor industry, cited the in
creased use of motor vehicles, the
Improvement in the used car situ-
alton and the greater stability of
retail motor merchandising out
lets as constructive factors.
The Washington times., 1931-06-06
Corporate Financing
81 Per Cent in Bonds

Corporate stock and bond
financing in May totalled $422,-
100000 against $376,90O,000 in
April according to the Standard
Statistics Company. of New York.
The total for the first five
months of the year is $1,966, ,4O0,-
600 against $4,046, 100000 for the
corresponding period of 1880 and
$5,757 100000 for 1929. Bonds
continue to account for more
than 80 per cent of the total
whereas in 1929 they were less
than one-third of the total.
The Washington times., 1931-06-06
CUBAN SUGAR EXPORTS

Cuban sugar exports from Jan
uary to May Is, under permits
granted by the National Sugar
Export Corporation. amounted to
372,866 tons U929-3O CROP and
272,359 tons (1930-3l CROP to
the United States, and l25,961
and 62,O85 tons, respectively, to
other countries. Sugar exported
during the period by the corpora
tion itself to countries outside
the United States toaled 21,O78
tons, all from the l93O-3l crop,
making a grand total of 854.349
tons.
The Washington times., 1931-06-06
T Technical Rally Nothing
New, Haney Points Out

ary decline is almost certain
within few days. .:-
have not been advocating
short sales recently. CMy last
recommendation was to place stop
loss orders against short commit
mentsO However, would not be
inclined to cover now, if I we're
still short. A secondary decline
being practically certain, the
chances are that purchases can be
made to better advantage later
on, even If there is a little further
rally now.
News Still Bearish
The plain fact is that the busi-
ness news Is still predominantly
bearish. Therefore, technical raj
lies are not to be taken as the
beginning of bull market.
That mark-up in the loan value
OF stocks made by banks merely
recognizes that stocks are getting
to be more fairly priced. With
stocks down from so per cent to
10 per cent from the bull market
peak, further declines will nat
urally be more limited in extent.
1t is obviously safer to lend 30
per cent Of the price Of any
decent stock selling at so than it
was to lend 10 per cent of its
price when 1T sold at $50.
BY lowering their margins. the
banks may have made it unneces-
Sary for some hard pressed bor-
rowers to put up more collateral
and thus relieved the pressure on
the market.
Don't Get Excited
But don't excited or be in a
hurry. Commodity prices con-
tinue to decline, with wheat
breaking sharply and copper and
zinc at newo lows. Railway car
loadings are at a new low, allow,
ing for seasonal variations.
May automobile production
estimates are being revised down
ward. May mail order sales
appear to have slumped. The
Canadian tariff is a real blow to
our trade automobile and steeD.
When this technical furry has
run its course, the fundamentals
will still be there and the next
bull market still be quite bit in
the future.
The Washington times., 1931-06-06
TIME FOR B. { D.
SALE ASKED

The Baltimore and Ohio Rail
road has asked the Interstate
Commerce Commission for a six
month extension of time, from
July 13 next. in which to dispose
of its holdings in the Western
Maryland Railway.
The commission has held that
the Baltimore and Ohio is hold
ing this stock in violation of the
Clayton antitrust act, and on
January 13, 1880. ordered it to
divest itself of all capital stock
of the Western Maryland within
six months from that date. Since
then several extensions of time
have been granted.
Because of the assignment of
the western Maryland to the
Wabash Seaboard system in the
commissions consolidation plan,
there is at this time no other
railroad with any immediate like
lhood of obtaining authority to
acquire control of the Western
Maryland, the Baltimore and
Ohio said.
The Washington times., 1931-06-06
RETAIL STORES
Do WELL FOR
SEASON
Favorable Weather Sustains
Demand for Merchandise
at Lowering Scale Of Prices

Retail trade is slowing down in
the usual seasonal manner, par
ticularly in the South and the
Far West, Bradstreet's weekly re-
view of trade says today.
: Favorable weather and a de
mand for seasonal merchandise
have helped to hold up the level,
especially in the larger stores. In
general, however, there is tend
ency toward midsummer Slacken-
ing.
The wholesale and jobbing lines
remain far below retail activity.
Although no worse than last
week or the week before, these
lines remain at a low point, but
an improvement in sentiment
seems to be felt.
Industry, due largely to the pre-
vailing seasonal lull, has slackened
further from its earlier quiet con-
dition.
Retail trade continues to be
featured by noticeably low prices
of merchandise. Paint is the in
dividual article most mentioned
as being in demand. This would
indicate a considerable amount
OF repairing and redecorating be.
ing done.
Cotton Week
National Cotton Week has
helped the sales of cotton goods,
such as sheets, dresses and cur
tains. The Southern cities, de-
spite slackness in retail trade,
seemed especially to have bene-
fitted from the movement.
Hardware has shown life IN
considerable sales of garden i'm
plements and household tools,
and sporting goods sales have
had fair turnover. Ice cream
sales are increasing.
The cheaper priced automobiles
and automotive accessories are
selling fairly well, although in
few cases up to last years volume.
The Washington times., 1931-06-06
BY LEWIS HANEY
Director New York University, Bureau
Of Business Research and Former
Economist Of Federal Trade

Of Business Research and Former
Economist Of Federal Trade
Commission
The rally based on an over-sold
condition in the stock mac.:et
came on Wednesday, and held
through, in part. OF course all
sorts of reasons are being given
for it. But in reality there is only
one reason.
The technical position" Of the
market had become strong as a
result of a sharp and prolonged
decline. A rally was only ques-
ton of time. 1t would have come
soon, with or without any good
news.
1t was 95 per cent short cover
ing. The shorts have been meet
ing the increased difficulty in COW
ering. AS Wednesday progressed,
they noted increased difficulty in
depressing the prices Of the stocks
they sold. A panic Of the shorts
developed.
Happened Before
It is we'll to remember that very
similar moves occurred on Decem-
Der 16 last year, and on April 80,
about a month ago. In both cases,
the market rallied above 6 points
in single day.
Such wide and sudden moves
are abnormal and undesirable.
They show that the market is
still unsettled and in a highly ner-
vous and speculative condition.
That is what most observers mean
when they say that the recovery
was too rapid"
The next day after April 80, the
market fell back about points.
Then followed six days Of minor
irregular gains. and then the
recent big decline.
Secondary Decline
The next two days after Decem-
Der 16, the market made further
smaller gains. and then came a
sharp secondary" decline that
carried the averages back to
within about 2 points Of the pre-
ceding low.
The present case is more like
that of last December. A second
The Washington times., 1931-06-06
Youngstown Scrap
Market SteadieT

YOUNGSTOWN, June 6.-Ma-
honing Valley iron and steel scrap
prices were unchanged this week
after steadily declining for sew
cral weeks to the lowest point in
years.
Steel production in the district
is apparently stabilizing near the
40 per cent level, although scrap
purchases by mills are lacking in
some claSSifications. Open hearth
furnaces are being charged with
scrap as more economical than
pig iron.
A leading dealer quoted heavy
melting steel at $40 to $10.5O a
ton, I. o. b. consuming point.
The Washington times., 1931-06-06
RIVER FREIGHT
GROWTHS SEEN

EVANSVILLE, Ind, June 6.
The Ohio River within the next
10 years will carry nearly twice
aS much freight on it's broad sur
face as is carried through the
Panama Canal, in the belief of
John A. Fox, field representative
of the Mississippi Valley Improve
ment Association, who visited
Evansville to inspect the new
$50O,00 Mead Johnson terminal.
He said:
"Already there is an annual
commerce Of nearly 23,OOO,OOO
tons moving on the Ohio River
as compared with an annual
commerce of only 29,OO0,0O0
tons through the Panama
Canal. 1 believe that within
the next 10 years, as new chan
nelS in tributary rivers are
completed and terminals are
provided. there will be an an
nual commerce of more than
5O,OOO,OOO tons on the Ohio
River"
Mr.. Fox was enthusiastic about
the facilities made available by
the Mead Johnson terminal, as
serting that it is one of the most
up-to-date terminals in the entire
inland waterways system, provid-
ing excellent transfer of freight
shipments from railroads to
bargeS and vice versa and making
possible tremendous savings to
Middle Western shippers.
The Washington times., 1931-06-06
FALTERS
IN DULL WEEK

NEW YORK, June 6 G.N.SD-
Curb stocks continued to falter
in a dull weekend session today,
with an extension Of yesterdays
closing reaction resulting in a
further series of declines in most
sections of the market.
Electric bond and share lost a
point at "a, American Gas and
Electric was off a point at 5412,
and declines of fractional proper
tions were the rule elsewhere in
the group. A single exception TO
the downward trend was Peoples
Light and Power A. which recov-
cred 21a points to 81a. after so
per cent decline on the passing
Of the dividend yesterday.
Cities Service backed away
fractionally to 11b, off 2s from
its previous close.
Oils dipped back quite readily,
with Gulf off 2 at AZ. and Hum
BILE off a like amount at So. In
VeStment Trusts were dull within
narrow trading limits, with Hy-
dro Electric Securities in its first
sale in some days scoring net
gain Of IA points at 171s.
SpecialtieS were mixed. with
Great Atlantic and Pacific
Stores a feature In running up
4 points to 100. On the down
side. Parker Rustproof was off
11s points at 81, and Deere de-
clined ~ points at 81. Bonds
were slightly reactionary, in
sympathy with the downturn in
stocks.
The Washington times., 1931-06-06
York Life Has
Three NeU Trustees

Three new trustees yesterday
were elected members of the
board of the Mutual Life InSur-
ance Company Of New York to
fill vacancies.
They are John King Ottley,
president, First National Bank of
Atlanta, Ca; Charles Proctor
Cooper, vice-president, American
Telephone and Telegraph Com,
pany; and S. Sloan Colt, vice
president, Bankers Trust Com
pany of New York.