davidaulloa/AmericanStories huggingface dataset:
Evening star., 1931-12-08
Financial
Statements
BY GEORGE T. HUGHES.

For the sake of simplicity we will
eliminate from our imaginary balance
sheet in the present discussion every.
thing except current assets and current
liabilities. Of course, that will not nnake
the sheet balance, but it will serve ths
purpose. The following is from the il
lustration already used several times in
this series:
Current Assets. Current Liabilities
CaSn ;...- S9,000,000 Notes pay
Accounts re- able "a 0oo mn
ceivable Account
tless re- payable 12,oo0000
serves l0,000,000 Reserve for ~
a rketabie taxes 2,fp o0r
securities $4,000, 600
inventories. 17,000,0 900 x 4.
Evening star., 1931-12-08
WASHINGTON STOCK EXCHANGE
QUOTATIONS AND DAYS SALES

SALES.
Washington Gas 5s-$1 900 at 100h
$1,000 at 1904, $1,000 at 100h
$1,000 at 1904.
Mergenthaler Linotype-50 at 6OA,
Milford chronicle., 1931-08-07
FAIR PRIZES AWARDED

Camden, first; Mrs. Byrd Waller,
secon d.
Rag Doll-Mrs. Ida Dawes, Dover,
first; Elizabeth Lank, Milton, sec
ond.
Ladies' Sun Bonnet - Mrs. Min
ME Atkins, first; Mrs. Ethel Sapp,
Harrington, second.
Child's Rompers - Margaret Tie
man, Wyoming, first; Mrs. Paul
Wooten, second.
Childs Silk Rompers, g. to 10
years - Mrs. Hannah Adams, Har-
rington, first; Mrs. Ida Dawes, DoV-
er, second.
Child's Cotton ROmpers Mrs.
Ida Dawes, first; w. P. Satterfield,
Dover, second.
Amy ew Work - Mrs. Ida Dawes,
first; Mrs. S. P. Cullett, Farming
ton, second.
Milford chronicle., 1931-08-07
CHILDREN'S
DEPARTMENT

Basket of Flowers-Evelyn Adams
of Harrington, first; Helen l.. Grit
fifth, second.
Vase of Flowers-Cubbage Brown,
Harrington, first.
Bouquet with Lace Paper.-Cub-
bage Brown, Harrington, first.
Flowers for Sick Friend-Cubbage
Brown, Harrington, first.
Zinnias-Elaine Welch, Harring-
ton, first; Russell ]. Willard, second.
MISUNDERSTANDING Brown, 11ar-
rington, first.
ladiolius-Helen L. Griffith, of
Pennington, first; Cubbage Brown,
Harrington, second.
Milford chronicle., 1931-08-07

Fannie Johnson, Houston, first;
Hazel Tatman, Bridgeville, second.
Picked CantalOupe - Mrs. Roy
Sapp, Harrington, first.
Pickled Cabbage - Mrs. Wilbur
Pearson, Harrington, first.
Picked Lima Beans - Hazel Tat
man, Bridgeville, first.
Picked Celery - Mrs. Roy Sapp,
Harrington, second.
Mixed Pickles-Mrs. Alice Down
ham, Viola, first; Mrs. Walter Pas
key, Harrington, second.
MayOnnaise Dressings Mrs.
Byrd Waller, Seaford, first.
Chile Sauce - Mrs. D. E. Little
ton, Seaford, first; Mrs. Alice Down
ham, Viola, second.
Boiled Catsup - Mrs. Pearl Stew
enson, Milford, first; Ethel Sapp,
Harrington, second.
Homemade Soap - Miss Mary
KOrbel, Harrington, first; Orrie
Adams, fredericksburg, second.
Milford chronicle., 1931-08-07
MILFORD NECK

A basket lunch picnic will be held
by the M. E. Sunday school, of the
Milford Neck Church at Oak Or
chard Tuesday, August II. Ways
will be provided for all who do not
have way to go. Everybody is cor
daily invited to go. Especially all
Sunday school children who took a
part in the Children's Day service.
The cars will leave the church
promptly at a. m. Refreshments
will be served to the Sunday school
in the afternoon. Be at Sunday
school next Sunday at 2 p. m. to find
out all about the picnic.
Milford chronicle., 1931-08-07
CULINARY
DEPARTMENT

According to the officials in charge
of the Culinary Department, their
display was about twice as large as
in former years. Their exhibits in
cluded all the good things to cat
with many kinds of cakes, pies,
bread and rolls. Mrs. John w.
Sheldrake was superintendent of the
department and she was assisted by
Mrs. John Masten. The judges were
Mrs. Thelma B. Shultz of Green
wood and Mrs. Emily King of
Bridgeville. The following awards
were made. One may be able to
Milford chronicle., 1931-08-07
CrOcheting

Luncheon Cloth Crochet Edge
Mrs. Belva Collins, Milford, first;
Miss C. M. Horse, Woodside, sec
ond.
Luncheon Set e pieces)-Mrs.
Helen Mckinley, Newark, first;
Mrs. Edith Swain, Hartly, second.
Milford chronicle., 1931-08-07
FLO r A L
DEPARTMENT

In comparison with other exhib-
its the Floral Department is also
much larger than previous years.
Mrs. H. L. Tatman, of Bridgeville,
was awarded the sweepstake prize
on Blooming Begenias. The judges
were Mr.. Elton, of Milford Green
house, and Mr.. Baugher, Dover
Floral Company. They finished
placing the awards Tuesday of last
week. Mrs. William P. Poole, of
Harrington, was superintendent
with Mrs. A. M. Taylor, Harrington,
and Mrs. Dewey Sapp, Houston, as
her assistants. The following
awards were made.
Milford chronicle., 1931-08-07
Tatting

Tatted Luncheon Cloth-Mrs. ]. M.
Warrington, Georgetown, first.
Tatted Buffet Set-Mrs. Ernest
Killen, FELTON,, first; Mrs. J. B. War
rington, Georgetown, second.
Tatted Luncheon Set Is pieces)-
Mrs. Marcus Reed, Camden, first.
Centerpiece lover 10 inches) -
Margaret Tieman, Wyoming, first;
Mrs. Chas. Welch, Cannon, second.
Tatted Luncheon Cloth-Mrs. j.
M. Warrington, Georgetown. first.
Table Runner Tatted Edge-Mrs.
Elmer Cain, Harrington, first.
Any New Work-John w. French,
Dover, first; Leora Kent, FELTON,,
second.
Milford chronicle., 1931-08-07
White Cotton Embroidery

Embroidered Scarf-Mrs. Charles
Welch, Cannon, first; Anna Short OF
Cannon, second.
Embroidered Centerpiece (undeT
q inches)-Mrs. Belva Collins, Mil
ford, first; Mrs. Harry EddingtOn,
Dover, second.
Embroidered Pillow Cases-Miss
Elma Eaton, FELTON,, first; Mrs. Har-
old Cain, Elmira, N. Y, second.
Embroidered Night Dress-G
trude Tatman, Milford, first; jan
ette Holloway, Harrington, second.
Embroidered Monogram on DAM
ask-Mrs. Ida Dawes, Dover, first;
Mrs. F. ]. O'Neal, Smyrna, second.
Embroidered Monogram on Hand
kerchief-Sara Atkins, Milton, first;
Mrs. F. ]. O'Neal, Smyrna, second.
Embroidered Monogram Luncheon
Cloth-Mrs. Charles F. Welch, Can
non, first and second.
Embroidered Baby Pillow-Eliza-
beth Lingo, Milton, first; Mrs. E. H.
Sapp, FELTON,, second.
Embroidered Guest Towel - Mrs.
Belva Collins, Milford, first; Laura
H. Nichols, second.
Embroidered Scarf - Anna R..
Short, Cannon, first and second.
Drawn Work ON Scarf-Mrs. w. S.
Smith, Harrington, first; Mrs. Ar
thur Layton, Harrington, second.
Embroidered Bed Spread-Mrs.
Charles Welch, Cannon, second.
Embroidered Infants Sacque -
Mrs. Pearl WoOtten, Seaford, first.
Initial Work on Napkins-Mrs.
Edith Swain, Hartly, first; Mrs. Ell
wood Chipman, Laurel, second.
Initial Work on Handkerchief -
Mrs. w. P. Satterfield, Dover, first;
Sarah Atkins, Milton, second.
Initial Work on Pillow Cases =
Mrs. F. ]. O'Neal, Smyrna, first and
second.
Eyelet Centerpnece lover % in
ches)-Mrs. Byrd Waller, Seaford,
first; Mrs. w. P. Satterfield, Dover,
second.
Display of Centerpieces-Mrs.
Harry Eddington, Dover, first;
Mary v. Locates, Seaford, second.
Combination Centerpiece-Mrs. w.
S. Smith, Harrington, first; Mrs.
Harry Eddington, Dover, second.
Embroidered Sheet-Mrs. Helen
Newark, first and second.
Embroidered Bolster Thow - Ger
trude Tatman, Milford, first; Mrs. |
Charles Welch, Cannon, second.
Baby Carriage Spread-Mrs. w. P.
Satterfield, Dover, first.
Embroidered Baby Dress - Laura
Milford, first; Margaret
Tieman, Wyoming, second.
Embroidered Buffet Set-Mrs. !
Edith Swain, Hartly, first; Elizabeth |
Lingo, Milton, second.
Hot Roll Cover--Mrs. Harry Ed
lington, Dover, second.
Bridge Set Give pieces)-Mrs.
Charles Welch, Cannon, first.
Italian Hemstitch on Luncheon
Fry, Milford, first.
Italian Hemstitch Table Scarf =
Mrs. w. P. Satterfield, Dover, first;
Mrs. Charles Welch, Cannon, sec
md.
Italian Hemsticb Towels-Mrs. w.
,. Satterfield, Dover, first; Mrs.
Iharles Welch, Cannon, second.
Outwork Luncheon Set - Mrs.
lalph Hastings, Seaford, first; Mrs.
v. w. Sharp, Harrington, second.
Cut Work Cloth-Ada Mecker, of
Iilford, first.
Cut Work Buffet Scarf-Mrs. Har-
Y Eddington, Dover, first.
Cut Work Scarf-Ada Mecker, of
Iilford, first. II
Any New York-Mrs. w. P. Satter-
eld, Dover, first; Mrs. Charles
Lnlnl Cnrnnnnrn cnnnnd |
Milford chronicle., 1931-08-07
Tie Dye and Block
Printing

Evening Scarf Tie Dye-Mrs. Ar
thur Layton, Harrington, first.
Handkerchief-Mrs S. P. Fields,
Seaford, first.
Dresser Scarf Tie Dye-Mrs. S. P.
Fields, Seaford, first; Frances Null
holland, Harrington, second.
ANY New Work-Mrs. S. P. Fields
of Seaford, first.
Table Runner Block Printing -
Hazel Tatman, Bridgeville, first.
Stenciled Table Runner-Mrs.
Byrd Waller, Seaford, first.
Any New Work Lock Print - Mrs.
Paul Wootten, Seaford, first; Fran
ces Mulholland, Harrington, second.
Milford chronicle., 1931-08-07
COlOred Embroidery

Embroidered Centerpiece lover
q inches)-Ada Mecker, Milford,
first; Mrs. Paul Wootten, Seaford,
second.
Milford chronicle., 1931-08-07
Plants

The Sweepstake Prize was award
ed to Mrs. M. L. Tatman, Bridge
vile, on Blooming Begonia.
Foliage Plants Mrs. Grace
Brown, Harrington, first; Mrs. w.
d. Dill, second.
Blooming Plants Mrs. Fred
Green, Harrington, first; Margaret
Pitman, second.
Blooming Begonia-Mrs. H. L. Tat
man, first; Mary r. Lewis, second.
One Fern-Mrs. ]. H. Edgell,
first; Clara B. Steele, second.
Three Ferns-Mrs. D. B. Tharp,
Harrington, first; Mrs. ]. H. Edgell,
second.
Rubber Plant-Frederica Motor
Co., Frederick, first.
spidestra-Mrs. Dewey Sapp,
Harrington, first; Mrs. w. S. Smith,
Harrington, second.
Coleus-Mrs w. S. Smith, Har-
rington, first; Mrs. E. H. Sapp, Har-
rington, second.
Conseterie-Mrs. E. Brown, first;
Mrs. Elmer Steen, second.
Universal Plant - Mrs. Samuel
Hup, first Mary K. Breme, second.
WindOw-Mrs. w. E. Smith, Har-
rington, first; Mrs. E. H. Sapp, Har-
rington, second.
Rustic Basket-Mrs. W. S. Smith,
Harrington, second.
Hanging Basket-Mrs. w. S.
Smith, Harrington, second.
Cut Flowers
All Red Flowers-Mrs. A. H. No
BILE, Harrington, first; Mrs. Walter
Pashey, Pennington, second.
All Yellow Flowers-Mrs. A. N.
Noble, Harrington, first; Clara B.
Steele, second.
All Pink Flowers-Mrs. A. N. No
BILE, Harrington, first; Mary E. Bull |
lock, Pennington, second.
All White FlOwers-Mrs. Walter
Pashey, Pennington, first; Mary E. |
Bullock, second.
Ten Varities Cut Flowers-Mrs. A. |
N. Noble, Harrington, first; Mrs.
Eliza Coulburn, second.
Roses 10) Blooms-Mary E.
Beme, first; Mrs. Grace Brown, Har-
rington, second.
Dahlias-Mrs. Sallie farrell, vi |
ola, second.
Zinniac-Mrs. Dewey Sapp, HOus-
ton, first; Mrs. Stanley Brown,
Houston, second.
Marigolds--Mrs. A. Noble, Har-
rington, first; Mrs. Dewey Sapp,
Houston, second.
Carlardia-Mrs. Clarence Tharp,
Harrington, first; Mrs. Dewey Sapp,
Houston, second.
Gladiolus-Mrs. Grace Brown,
Harrington, first; Mrs. Walter Pa
shey, second.
Hydrangia-Mrs. Edith Killen,
Dover, first.
Lilies-Miss Mary E. Bullock,
first; Mrs. Mary DAILY,
Hartley, second.
Petunias-Mrs. Grace Brown,
first; Mrs. Martina
Powell, second.
Phlox-Mrs. Walter Paskey, Far
first; Mrs. Clarence Tharp,
second.
SnapdragOns - Mrs. Elizabeth {
first; Mrs. E. S. Richards,
second.
Water Lilies-Mrs. Mary Derrick !
son, first.
Floral Centerpiece-Mrs. Mary \
Harrington, first; Mrs. :
Dewey Sapp, second.
Floral Decorations for Luncheon n
Mrs. Dewey Sapp, Houston, sec \
ond.
s Floral Arrangement For Tray - c
Mrs. Helen Mckinley, first; Mrs. 9
Mary Greenly, second.
Milford chronicle., 1931-08-07
w 0 M E N S
DEPARTMENT

One of the outstanding exhibits at
the Kent and Sussex Fair was the
Women's Department. 1t contained
one of the largest varieties of bed
quilts ever exhibited. One whole
wing of the State Building was used
to display the quilts and one half
of the State Building was used for
the Women's Department The most
interesting exhibit was a three deck
ocean going steamer, entered by
Packer Watson of Seaford. Another
exhibit of special mention was a
walnut inlaid shaving set and also
walnut inlaid table, these items
were entered by F. w. Blizzard of
Georgetown. Mrs. Vertie S. Cahall
was the general superintendent;
Pearl Slaughter, superintendent, and
Mrs. Hannah Adams, assistant su-
perintendent. The judges were fore
ed to spend the entire time on Tues
day of last week in placing the
awards. The prize winners were
on0O,,noad oc fOIlOvUcs
Milford chronicle., 1931-08-07
WOOlen Articles


den, Wyoming, first; Mrs. w. H.
Brown, second.
Afghan Knitted - Mrs. Elijah
Short, Cannon, first.
Infants Cap, Knitted - Mrs. Les
ter Radgke, Milton, first; Mrs. ]. H..
McMullen, Wilmington, second.
Infants Cap, Crocheted - Mrs.
Essie Smith, Seaford, first; Mrs.
Lester Radgke, second.
Infants Sacque, Crocheted - w.
P. Satterield, Dover, first; Mrs. VIM.
Steele Frankford, second.
Infants Saque, Knitted - Mrs.
Bessie Smith, first; Margaret Tie
man, Wyoming, second.
Infants Socks, Crocheted - Mrs.
Bessie Smith, Seaford, first; Mrs.
Elijah Short, second
Infants Socks, Knitted-Mrs. Les
ter Radgke, Milton, first.
Sweater Coat - Mrs. Bessie
Smith, Seaford, first.
Child's Sweater, Knitted - Mrs.
Bessie Smith, Seaford, first; Mar
garet Tieman, Wyoming, second.
Child's Sweater, Chocheted Mrs.
Bessie Smith, Seaford, first.
Tapestry Work in Wool - w. P.
Satterfield, Dover, first; Elizabeth
Lank, Seaford, second.
Hand Bag in Tapestry - Gertrude
Tatman, Milton, first; Mrs. Byrd
Waller, second.
Ladies' Slipover Sweater, Gro
cheted - Mrs. VIM. Steele, Frank
ford, first; Mrs. H. S. Fithian, Mil
ton, second.
Any New Work - Mrs. Lester
Radgke, Milton, first; Mrs. w. w.
Wilson. Frederick. second.
Milford chronicle., 1931-08-07
Practical Ideas and Plain
Sewing

| ONW AAA
Ladies' Plain and Simple Dress
Mrs. Byrd Waller, Seaford, first;
: Marie Sterling, Dover, second.
Neat and Practical Gingham
House Dress - Marie Sterling,
Dover, first; Mrs. Elmer Cain, Har-
rington, second
Neat and Practical House Dress
Print - Mrs. Paul Wooten, Seaford;
| first, Mrs. S. P. Fields, Seaford, sec
ond.
Lady's Smock Miss Alma Eaton,
FELTON,, first; Mrs. Helen Mckinley,
Newark, second.
Mans Dress Shirt Mrs. Ida
Dawes, Dover, first; Margaret Tie
man, Wyoming, second.
Bed Jacket Silk - Marie Sterling,
Dover, first; Elizabeth Lank, Sea-
ford, second
Pajamas Silk Marie Startling,
Dover, first; Mrs. Nelan Mckinley,
Newark, second.
Pajamas Other Than Silk - Mrs.
Paul Wooten, Seaford, first; Mrs.
Helen Mckinley, Newark, second.
Pajamas, Beach Mrs. Paul
Wooten, Seaford, first; Mrs. D. E.
Littleton, Seaford, second.
Negligee Silk - Jane Steele,
Dagsboro, first.
Negligee Other Than Silk - Mrs.
j. H. McMullen, Wilmington, first;
Mrs. R. l.. Nelson, Harrington, sec
ond.
Cretonne Shoe Bag - Mrs. Clar-
ence Tharpe, Harrington, first;
Julia Ross, FELTON,, second.
Cretonne Stocking Bag - Mrs.
Ernest Killen, FELTON,, first.
Laundry Bag Mrs. ]. Fl. Nc
Mullen, Wilmington, first; Mrs. Paul
Wooten, second.
Novelty Pencil Holder - Mrs.
Ernest Killen, FELTON,, first.
Novelty Kitchen Holder - Eliza
beth Lingo, Milton, first; Mrs. w. P. |
Satterfield, second.
Childs Dress Smock, 2 to yrs
Mrs. w. S. Smith, Harrington, first. |
Child's Dress Smock, 6 to 10 yfs.-
Laura Nichols, Milford, first.
Apron (Gingham) Mrs. Alice
Dover, first; Mrs. Minnie
Atkins, second.
Percale Apron - Mrs. Minnie At
Lins, Tilghman, Md, first; Mrs. S. P.
Fields, second.
Plain Slip-Mrs. Ida Doves, Dov-
II, first; Mrs. C. P. Cullett, Seaford,
econd.
Set Underwear, three pieces, silk
Iarie Sterling, Dover, first.
Set Underwear, cotton - Marie
sterling, Dover first.
Fancy Apron Mrs. Marcus Reed,
Milford chronicle., 1931-08-07

Centerpiece Crochet Edge-Mrs.
Edith Swain, Hartly, first; Pearl
Slaughter, second.
Irish Crocheted Centerpiece-M
Byrd Waller, Seaford, first; Mrs.
I Charles Welch, Cannon, second.
Irish Crocheted Baby Capillary
E. Elliott, Seaford.
Solid Crocheted Centerpiece -
Mary Million, Hartly, first; Regina
Hartnett, Dover, second.
Luncheon Set Crocheted-Mrs.
Mrs. Edith Swain, Hartly, first; Mrs.
Alice Downham, Viola, second.
Crocheted Bead Tray Cover-Mrs.
G. P. Gordon, Wyoming, first; Eliz-
abeth Masten, FELTON,, second.
Towel Croched Edge - Mrs. w.
P. Satterfield, Dover, first; Mrs.
Edith Swain, second.
Pillow Cases, Croched Edge -
Edith Swain, Hartley, first; Mrs.
Waller, second.
Croched Table Mats-Mrs. Henry
Henry Chartzfague, Houston, first;
Beva zott, Greenwood, second.
Filet Centerpiece - Pearl Slaugh-
ter, Harrington, first; Mrs. Henry
Schartzfague, Houston, second.
Filet Scarf - Mrs. Chas. Welch,
first; Mrs. Edith Swain, Hartley,
second
Filet Bed Spreads - Anna Short,
Cannon, first.
Crochet Work Bag - Mrs. Chas.
Welch, Cannon, first.
Crochet Chair Set - Elizabeth
FELTON,, first; Mrs. Harry
Eddington, Dover, second.
Scarf Crochet Ends - Mrs. Edith
Swain, Hartley, first and second.
Any New Work = W. P. Satter-
field, Dover, first; Julia Pousu, Dow
err second
Milford chronicle., 1931-08-07

learn a little about the exhibit when
it will be noted that fifty cakes. 40
different kinds of bread, II pies and
80 candy entries were made.
Milford chronicle., 1931-08-07

inherent hluuS VI DIGduy II pies anu
80 candy entries were made.
Bread
Corn Mufins-Mrs. Wilbur Pear
son, Harrington, first; Pearl
Slaughter, Harrington, second.
Plain Muff1ns-Pearl Slaughter,
Harrington, first; Mrs. E. H. Sapp,
FELTON,, second.
POcketbook Rolls-Mrs. Walter S.
Dill, Milford, first.
Plain ROlls-Mrs. Eliza Coulbourn
of Houston, first; Mrs. J. Edgar
Phillips, Laurel, second.
Baking Powder Biscuits-Mrs. FL
mer S. Cain, Harrington, first;
Pearl Slaughter Harrington, second.
Baking Powder Tea biscuits -
Pearl Slaughter, Harrington, second.
Loaf Wheat Bread-Mrs. ]. Edgar
Phillips, Laurel, first; Mrs. Wilbur
Pearson, Harrington, second.
Loaf Raisin Bread-Mrs. Eliza
COulbourn, Houston, first; Mrs. J.
Edgar Phillips, Laurel, second.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-07

still in a cautious mood. seasonal re-
quirements not only being subnormal,
but tardy in developing. Some irregu-
larity, arising from impaired purclias-
ing power in many sections, is obScur-
ing to some extent the effects of the
advancement that is being made slowly
Building Industry.
1.-THE building trade apparently has
still some period of readjustment
ahead, and weak spots in some Of the
basic industries make the outlook not
altogether clear. The word oversupply
of grains Keeps prices in those markets
unsteady, hampering trade in most
agricultural districts.
Industry is holding some of the
gains made after the turn of the year;
notable in the automobile trade and in
some branches of steel and in textile
lines. Production in other essential
divisions Is increasing only moderately
In the steel industries there are still a
variety of orders, but the progress is
slow. The expected improvement in
the volume of the dry goods movement
is continuing and is being quickened as
the effects of small inventories and low
prices become better appreciated
Merchants are finding less comfort
from statistical comparisons and are
more encouraged by definite results,
many Of them developing from intelli-
gent sales effort and constant endeavor
to restore business in their own par
ticular fields"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-07
STOCKS STEADIER
IN LIGHT TURNOVER
Market Leaders Absorb Sell
ing and Register Small
Advances.
BY GEORGE T. HUGHES.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, February IA load was
lifted from Wall Street minds today
when Washington dispatches appeared
ira session of Congress and that a
bonus bill of moderate size would be
the eventual compromise between the
House and the Senate measure.
Stocks did not at once respond to this
better feeling, for there was some SELL
ing of consequence in U. S. Steel, carry
ing it off about point, and temporary
heavineSs elsewhere in the list. The
supplies of stocks appeared to have been
absorbed in q fairly active half hour
of trading, which was followed by
steadineSs and quite definite strength
in the active list.
General Motors Advance.
The outstanding feature was the adj
vance of General Motors through the
previous level of 391s. This was accom-
panied by fractional gains in other
motor shares. Considerable activity de-
veloped in international Telephone 81
Telegraph, on which this widely dis
tributed stock rose nearly a point, with
American Telephone & Telegraph max
ing the same gain. General Electric
and Westinghouse Electric stood up
well and there we're indications OF fur
ther accumulation in such stocks as
National Dairy Products, Montgomery
Ward and National Cash Register, the
last-named enjoying a gain of nearly
2 points. The copperS were quiet put
steady. The same was true of the rails.
Matters which had the attention OF
the Street during the day were the
further reductions in rates on time de-
posts by the banks, following the down.
ward trend of money in other direc-
lions this week; the heavy shrinkage in
bank clearings here and throughout the
country in spite of the small turnover In
Stock Exchange transactions every
where; and the cautious comments OF
the weekly trade reviews on business
conditions. The latter clearly suggest
an improvement in sentiment without
much gain in the volume of new orders
or in plant production.
Price Adjustment.
The adjustment of retail prices to
wholesale prices is going on steadily but
it is yet too slow to bring about the
volume of buying necessary to clear the
shelves of merchants of stocks carried
over from 1929. The break in the
drought in the Middle West and indi-
cations that large area would receive
moisture in the next "a hours has an
Importance which will be reflected later.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-07
RETAIL MEN OPPOSE
SALES TAX PROPOSAL
Association Gives 10 Reasons for
Objections at It's Annual
Convention.
Special Dispatch to The star.

special DISPATCH 10 Inc Star.
NEW YORK, February THE Ma
tional Retail Dry Goods Association ex-
pressed yesterday opposition to retail
the fifth and final day Of its convention
q the Hotel Pennsylvania, 1t adopted,
without dissenting vote, the following
resolution:
Whereas experience has demonstrated
that it is impossible to impose retail
sales taxes without placing excessive
and unfair burdens on the retail mer-
chant. be 1t resolved that the National
Retail Dry Goods Association opposes
the imposition Of retail sales taxes in
any form, either general or selective, by
any State or local governmental subdi-
vision for the following reasons
1t Is troublesome and expensive to
administer.
It will increase the cost Of living to
the consumer.
It Is regressive in effect.
It makes the retailer q tax collector
for the State.
1t encourages purchasing from out
side the State.
1t places home manufacturers at ar
unfair disadvantage with manufacturers
Of other States.
It keeps industries out of q State.
It is q tax on consumption.
It is not based on ability to pay.
1t encourages extravaganza in State
spending.
It is a tax based on volume and not
on profit.
1t is distinctively class legislation.
Therefore, be 1t resolved, that we de-
nounce any effort to use the taxation
powers of the States for punitive pur-
poses, and
Be 1t further resolved, that a copy Of
this resolution be forwarded to the
Chamber of Commerce of the United
States and that that body be urged to
adopt q similar position in behalf of
the entire distributive craft of our
Nation.