davidaulloa/AmericanStories huggingface dataset:
The Chapel Hill weekly., 1931-06-19
Caldwells Will Sail
For Home in August

" aliace T. taIn"eH writes
from Rome cha' ~ ana hlS lam
lIy are planning t. sal Tor nome,
III me latter part q A3guSi
I'aded do"n WIN pictures,
postcards. SOUVENIRS, and much
lfiormaDph
After or arrlEa. .n Europe
We spent several day in Par.-
where among o,hcr th.ngS. We
saw tn J0tffe tQntFal-,0e a.
~emb.y Of d.Pn.tar.e~ IN foot
behind he colin. the e-c9rt- IF
'ne various armies, and the Gold
Stream Guards, and all he rest
af tie impressive. pageant Then
followed rapid rielt - 4 T.
non. NInc-. and Arlc~ Thence
we plunged n.D antiquity IN
tg,-pt. W. visited all Of tre
important archaeological sites.
-an some of 'np exca ating III
progress. and spent man. hours
in the Museum. The printed
accounts ~ the 'Fut-aukh-aWe1
treasures do not Begin - Do
them Ia~t.cp.
-O.+ II +aD 1a-i. called h..
Fa-um W. .av 4r anr,Dnt rjf>.
If Roman time. >tfU felng dug
ON, If the sand Xl,6 49oden
beam. sin in rlac4 and roil4,
ar,lrlD- nott4ry ro4rkef has
kpt~ and ex4n pr,vato paDcr>
st;u i,i,o a,n4ra
The Chapel Hill weekly., 1931-06-19
EXECUTORS NOTICE

Having qualified as executor Of the
estate Of Alice H. Weob, deceased,
late OF Hillsboro. Orange County,
North Carolina, this is to notify all
persons having claims against the
estate Of said deceased to exhibit
them TO the undersigned at Hillsboro
North Carolina, on or before the 14th
day Of May, 1892, or this notice viii
be pleaded in bar Of their recovery.
All persons indebted to the said estate
vii please make immediate payment.
NEKR Executor
This re 14th day Of May, 1881
The Chapel Hill weekly., 1931-06-19

For an absent member Of the
family: subscribe to the Chapel HUI
Weekly, $50 q year.
The Chapel Hill weekly., 1931-06-19

.SuJscrtte today for The chapel Han
weakly. $50 year.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-12-04
Small Investors Warned
OF Professional Guile

except TO- a steady stream of real
liquidation.
I doubt if the big bears are
selI:xg the market these days.
M61S Fly they have been GOV.
ering ddring the dips. In many
stocks it is clear that the cream
is off the move on the dOwnside.
FhiS does not mean a bull mar.
ket. It does not mean that the
big bears will not sell again on a
good rally.
Little Investor Warned
But it probably means less
trading pressure on the market
now, and more chances of sue.
cessful drives against weak short
positions. Look at Auburn, for
example.
The little investor must re-
member that the business situa.
tioC and the outlook for earnings
show no real improvement.
Fourth quarter earnings are
going to be poor. Dividends are
being reduced and further cuts
and omissions are inevitable.
On the whole, the market
looks lower, particularly the old
faVOriteS.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-12-04
CORPORATION 5
BOARDING HIT

The boarding of corporation
earnings by business leaders dur
ing prosperity in the futile at
tempt to build up a top-heavy in
dustrial capital structure, is one
of the chief direct causes Of
the present business slump, Paul
M. Mazur, a partner in the New
York banking firm of Lehman
Brothers; will say in his new
Viking Press book, New Roads
to Prosperity" to be published
next week.
Pointing out that an economic
balance must be maintained be-
tween production and consump-
ton, between corporate earnings
and dividends and wages, Mr..
Mazur says that in the years
1925, 1927 and 1928 the average
profits of American corporations
are estimated at 1920, 700; aver
age dividends for these same
years totaled about 81, 100, O0O, 900,
or 60 per cent, leaving $780,
600, 900 undistributed.
He advocates a policy of fluctu-
ating dividends closely based on
earnings.
Such SURPRISES accumulated in
times Of prosperity are either in
vested in the stock market where
they are agents in the over-stimu-
lation Of speculation. or they are
deposited in, banks where, under
our present philosophy Of credit,
they are used primarily to stimu-
late the production Of other In
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-12-04
GIN 8 MONTHS
S2.O8 4 SHARE

General Motors Corporation re.
port for nine months ended Sep.
TENDER 30, 1881, shows net in
come, excluding equity in sub
sidiary and affiliated companies
not consolidated, of $100,505,207,
after depreciation, Federal taxes,
etc. and net income,
Including equity in subsidiary
and affiliated companies not con-
solidated, $97,455,3 800, as shown
in preliminary statement, equiva-
lent, after preferred dividends,
to $2.08 a share (par 500 on
43,500,000 shares of common stock.
Sales totaled $692.688, 1852, COM
pairing with $837,712,157 in the
corresponding 1880 period.
Current assets on September
80, including cash and market
able securities of 1854, 107, 166,
were 1898, 898,676, and current IL
abilities $75,372,119, leaving work
ing capital of $318,526,557. This
compares with current assets of
$370,182,818, current liabilities of
$84, 405,0 78. and working capital
of $285.777 TAO, on September 80
of preceding year.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-12-04
COTTON EASIER
WITH LIGHT =
HEDGING
Mill Report DisCouraging and
Weather UnfavorabIe;
Estimate Worrying

NEW YORK. Dec. 4 GN.sJ.
Cotton futures ruled somewhat
easier today. with the market as a.
whole showing average declines Of
from 4 to 5 points along toward
midday.
Hedge pressure continued light,
with the bulk of the selling con.
sisting of about 5000 bales IN
March credited to the co-opera.
tives and to japanese interests.
Domestic and continental spin.
ners were actively engaged in tax.
ing up offerings in the near
months, while commission houses
were on the buying side in small
way.
Mill Reports Bad
The cotton ring was adversely
influenced by reports of unsettled
conditions in Worth Street and
the southern textile centers.
Private reports indicated that
the Greenville meeting on print
cloth curtailment may be more
serious in its effect than cotton
men have previously expected,
and may mean reduction in the
consumption of grade and staple
used imprint cloth manufacture.
The average guess of SO mem.
berS of the New York Cotton Ex-
change on the size of the crop to
be reported by the Government
next Tuesday was 17,214,0OO bales,
which compares with the Govern.
ment estimate for November at
16,903, 900 bales.
Weather Unfavorable
Rains scattered over the belt
with SHOWS across the Mississippi
showed continuation of unsatis.
factory weather for the harvest
ing of the remnant of the crop
The forecast, while indicating
rainy weather in the Central and
Eastern belts, called for warmer
temperatures. Across the Missis.
sippi, fair with frosts and freezing
in some parts was forecast.
At midday, January was off 4
points at $610. March off 5 at
1925, May off at 1914, July off
3 at $6.6i, and october off 4 at
$685.,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-12-04
CHICAGO LIVESTOCK

CHICAGO, Dec. 4 GN.SD-
Hogs-35, 900: 10c lower. Top,
$3.50: bulk, $3.80@4.25; heavy, 81
@4.25; medium, $4.10043O; light
lights. $3.90@4.25; packing soWS,
$3.60@3.90; pigs, $3.50@4. Hold
overs, 5000.
Cattle-1,5O0; steady. Calves
1000; steady. Beef steers-Good
and choice, $9.5O@12.5O; common
and medium, $5Q9.50; yearlings,
$9011.50. Butcher cattle-Heif.
ers, $4,000; cows, $3@5.25; bulls,
$3.25@5.25: calves, $506; feeder
steers, $4@6.50; stockekr steer,
$3.5006.25; stockeri cows and heiT.
ers, 1904.
Sheep Receipts, $4,000; steady.
Lambs. $5@6: common, $500
$3.50: yeariings, s405; feeders,
a SnfnRs Axxne gaM2
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-12-04
Great Lakes Group
Reflects Officers

CHICAGO, Dec. 4 G.N.SD Of
ficers of the Great Lakes-St.
Lawrence Tidewater Association
were reelected. as were members
of the executive committee. at
the meeting yesterday. The Of
ficers are Henry J. Allen, Wichita,
president; Charles P. Craig, Du'
luth. vice president-at-large; A,
o. Moreau, chairman of the eX'
ecutive committee; John A.
Doello, Lansing, secretary, and
r. j. Mclean, Detroit, treasurer.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-12-04
BY LEWIS HANEY
Director New York University Burr
OF Business Research


OF Business Research
1t is more than ever important
to keep in mind that the stock
market is now almost entirely
professional. If any evidence Of
this were needed, the sharp re.
versals Of trend from day to day
and from hour to hour would
show this.
A professional market is not
apt to run away in either direc.
ton. 1t does not get up much
momentum. It zigZags violently,
but does not get anywhere.
Time to Watch Step
Just at the moment, the chief
opportunity of the professionals
is to take money away from anna.
teur shorts.
There are a good many little
shorts in the market, and we
may well suspect that the hun.
CRY professional traders will try
to drive them in before long.
so WaCcn your step on the
short side from now on.
The news Is beariSh. The pub
lie is bearish. But that may
make the bear hunting good.
Big Bears Covering
While do not consider condi.
tions right for investment buying,
we must remember there has
been a long run Of bad news,
with steady liquidation, and yet
there has been no heavy volume
Of trading and no wide open
break.
This may mean that the mar.
Ct Is aettine nnettY vel sol0 CT.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-12-04
MARKET TRYING
+. FOR SECURE
F.. BOTTOM
May, in Fact, Already Be On
Firm Ground and Headed
Up, Spectator Says
BY THE SPECTATOR

NEW YORK, Dec. 4 0.N.So
Each session brings additional evil
dence that the market is in the
process of making a secure bot
tom. Just how long the situa'
ton will be drawn out, however,
remains to be seen.
In fact, the market may have
already turned the corner. Sim
DIV because a number of specula-
tive leaders have proven consist
emily weak of late does not neces-
sarily indicate that further adj
ilIStment is necessary.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-12-04
Tobacco Men Would
Bar SII111atrd Leaf

Tobacco growers from FLORIDA,
Georgia, Connecticut and M1ssa-
chusetts yesterday appealed to
the Treasury Department FOR a
reversal of Secretary Melons or
der permitting the entry Of Sn-
matra cigar wrapper to this
country.
After extensive hearings the
Treasury decided there was an
insufficient supply of domestic
wrapper of the quality of Su-
matra to meet the needs of the
cigar industry.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-12-04
TODAYS QUOTATIONS ON THE NEW YORK STOCK MARKET

Prev 1881 Name and Net
High Dividend Rate High Low I2AS Ch'ge
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-12-04
GRAINS OPEN STEADY

CHICAGO, Dec. 4 G.N.S) .
Grains opened steady to firm to-
day. Wheat was 3s@1ac up,
corn unchanged to Ac higher,
and oats unchanged.
Wheat December, 55@55Ac;
March, 563zc; May, $3.50 70;
July, 58h 0hc.
Corn - December, $685. 1ac;
March. 4Olac; May, 42h @ Ac;
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1931-12-04

IA zonite Prdts ~. Ts To IL Is
Dividend symbols-a dividend stock; 6h 20
In stock. d. Scrip "ex-dlvldend: rights
Years high low prices previous Close
Dividend rate in dollars ! parentheses
The Washington times., 1931-08-24
Mother Kills TWO
Children and Sell

MINNEAPOLIS, Mimi, Aug. "a
U.N.S0 Mrs. Charles GetcheH
today shot. and killed two of her
three children and herself while
her husband, a police sergeant,
was. asleep in another room. Get
chell awoke in time to save the
third child, aged 8.
The Washington times., 1931-08-24
SOVIET SOF TENS
SOAP CRISIS

MOSCOW, Aug. "a (Uss).-
The soap crisis in Soviet Russia
is going to be liquidated and
soon every Communist will hap
PLY splash and soap himself in
the bath.
For some years, soap has been
more precious than gold in Rus
Sia. Now the Council Of Peoples
Commissars has ordered the man
ufacture of $4,000 tons in 1892
for Russia's soap-desirous 147,-
100000.
Every Soviet citizen is at pres
ent on a soap ration, varying
from one pound a month for
workers and children to one-half
a month for office workers and
professional people.
Soap has almost replaced
rubles as a favorite medium of
barter. A cake of soap will en-
tice anyone to work much harder
than would 10 or Is rubles in
wages ($5 to $3.50. <.
The Washington times., 1931-08-24
Crisis Sho1us British King
Is No Mere Figurehead

LONDON, Aug. "a GNS0.
Barely recovered from the grave
illness that all but cost him his
life, King George stepped into
the political arena in Britain to-
day to give the lie to the theory
that in constitutional monarchy
such as England the sovereign is
but a ''figure-head."
Breaking his summer vacation
at Balmoral Castle, Scotland,
King George entrained for Lon
don late Saturday. He arrived
in the capital yesterday and went
Immediately. to Buckingham
Palace to be ready for the con-
ferenceS certain to develop owing
to the inevitable fall of Premier
j. Ramsay MacDonald'S labor
government.
A Cherries Palace
The King returned attended
only by his personal secretary
and a few equerrieS.
Buckingham Palace was cheer
less and uninviting. White covers
had been thrown over furniture
to protect it from dust. Shades
The Washington times., 1931-08-24
LOANED MONEY,
SEEKS WILL

BROOKLYN, Aug. 24.-Thomas
A. Dennis, of Suffolk. Va, an
optimistic and hopeful man,
wrote the following letter to Sur
rogate George A. Wingate:
II am writing for some in.
formation. 1 hope you can
give 1t to me. In 1912, in
Suffolk, Va, a fellow came
through town on a freight,
stopped here and borrowed
some money from me. He
took my name and address and
promised to pay me later. He
was headed north. forgot his
name until recently. when 1
recalled it. 1 was advised to
write 20 you for information.
Do you know whether there is
a will in which anything has
been left to a Dennis in Suf-
folk, Va.?"
Surrogate Wingate said that as
Mr.. Dennis either forgot or neg
lected to give the name of the
man who borrowed the money,
and who might have left a
will here, nothing could be done
to help Mr.. Dennis.
The Washington times., 1931-08-24
OFFICER DENIES
THIRD DEGREE

Open charges of police brutality
were aired today in Police Court
at the trial Of James Edward
Harker, "a, arraigned before Judge
Robert Mattingly on a charge Of
housebreaking.
Harker claimed an alleged con-
fession, regarding the robbery OF
a business establishment last
Thursday at 727 North Capitol
st., was obtained through the use
of a third degree administered by
police officers and detectives at
the First precinct.
Detective James MOstyn spent
more than an hour and q half on
stand under q withering fire of
cross-examinatiOn by Attorney S.
McCOmaS Hawkeh, during which
he deneid any intimatiOn that
there was brutally used in getting
the confession or that the young
man had been iIEtreated.
MoStyn also denied that any Of
the officers had struck the boy.
He denied that he had been held
incommunicado or that he had
been in any manner cruelty
treated or put under duress.
The charges preferred by Har.
ker that he was numerically
beaten by six policemen with
rubber hose, are expected to force
a probe by the District Attorneys
office later today.
Police Quiz On
A police department investiga-
tion is already under way under
the supervision of Inspector Louis
J. Stoll, and Capt. william E.
Holmes, commander Of the pre-.
cinct.
Statements have been received
by Inspector StOlI from % pO.
Iicemen, said to have been in the
precinct Saturday night, when
Harker says he was submitted to
the police third degree. All of
the statements clear the accused
policemen, 1t Is said.
The Washington times., 1931-08-24
Of SHIPS
UP To BRAZIL

AS the negotiations with Brazil
for the transfer Of $4,000, 900
bushels Of American stabilized
wheat for 1,O58.O00 bags of Bra
lillian coffee have been closed.
they cannot be reopened without
the consent of the Brazilian gov
ernment, James c. Tone, chair
man of the Federal Farm Board.
said today concerning the de-
mand that the wheat be shipped
in American steamers.
The sale has aroused the Amer
ican Steamship Owners ASsocia-
ton because the agreement does
not stipulate that the vast stores
shall be transported in American
vessels.
American steamship owners fore
see loss of badly needed revenue
because Of the sO-caIIed oversight
Of the Farm Board. 1t was an
nOunced that members of the as
ISOLATION would confer in New
York today and probably would
appeal Immediately to President
Hoover.
The Washington times., 1931-08-24

were drawn and shutters were
closed. Only a skeleton staff of
servants was on hand, as King
George and Queen Mary were to
remain in Scotland until the
middle of September.
Into this inhoSpitable atmoS-
phere came the frail King. A few
servants did what they could for
his comfort, lighting a log fire
in the room the Monarch chose as
his political headquarters.
Coalition Kings Idea
Premier Macdonald arrived
early. For more than an hour he
conYersed with the Monarch, ex-
planning the inSurmountable oh.
StacleS he was facing. ~ m.
Later in the afternoon, Stanley
Baldwin and Neville Chamberlain,
leaders Of the Conservative Party,
visited the King.
Then, as evening approached,
Mr.. Macdonald came to Bucking-
ham Palace again, drawn and
haggard. He returned to Down
ing Street after midnight. He re-
fused to issue a statement, but all
knew the end was near.
Shortly after noon today, Mr..
Macdonald submitted his resigna-
ton as Labor Premier and under.
took to form a coalition govern
ment. This was King Georges
idea.
The Washington times., 1931-08-24
Hoover Home Town
In Such a Slump
Trains Pass 1t Up

CEDAR RAPIDS. Aug. "A.
Upton, the county seat Of Cedar
county. in which President
Hoover was born, today is with.
out passenger train service, the
Northwestern railroad having
abandoned its last train because
Of the slump in business during
the last few years.
When Mr.. Hoover was a boy
at West Branch, the Northwest
ern offered to build its main
line through Upton provided
the citizens would help finance
the road. The citizens sub:
scribed money to build a spur
from Stanwood to Upton and
presented 1t to the Northwest
ern.
There is O legend that the
future President frequently
made trips to Upton with his
parents to see the trains,
The Washington times., 1931-08-24
YOungster SwallOws
Whistle; Is Chaplin
To Blame?

NEW YORK, Aug. 24.-A,
small disc whistle, which had
been lodged in the left lung
of eight-year-old Patricia
Dougherty for a week, has been
extracted by DR.. M. C. Myer-
son. Of Brooklyn,
Or, Myerson used a broncho-
scope to located the whistle
and then removed it with for
cepS. -
Patricia took the whistle
from a rubber doll while play.
ing in her home and swallowed
1t. With the aid of a stetho.
scope a faint whistling sound
could be heard each time she
breathed during the time the
whistle was in her lung.
The Washington times., 1931-08-24
SIXTH CABINET
SINCE WAR

LONDON, Aug. "a U.N.SO.-
Labor Government of Prime Min
ister j. Ramsay Macdonald,
which resigned today, is the sixth
ministry to hold office in Great
Britain since the World War.
The war Cabinet of David
Lloyd George, which took office
in 1917, was forced out in Sep
tember, 1922, partly owing to the
Liberal leaders continued as
sumption Of dictatorial powers,
his handling of the Irish problem,
and his resistance to the Turkish
invasion of Chanak.
Next came Bonar Law at the
head of a Conservative Govern
ment. In May, 1923, i'll health
compelled his resignation. STAN
ley Baldwin took over the Pre-
miership. In November, 1928, he
asked for vote Of confidence on
protective tariffs, was defeated,
and lost out in the elections.
Mr.. Macdonald then took Of
flee without q majority in the
House, and was forced to resign
in November, 1924, his plans for
rapprOchement with Soviet Russia
opposed.
Mr.. Baldwin was returned and
continued in office until May 80,
1929, when a Labor landslide oc-
CURED in the general elections.
Mr.. Macdonald was recalled to
remain through many crises until
today.
The Washington times., 1931-08-24
IRWIN
| mentioned .
/ ! f'FORPOSF
Seen as Foreign Secretary;
-Four Tories, Three Liberals,
Four Laborites on List
(continusd From Page y

(continued From Page y
Vative Prime Minister, and it was
understood Sir Herbert Samuel
had agreed to enter the cabinet.
Sir Herbert is a leading mem
Der of the Liberal party, whose
chieftain, David Lloyd George,
flatly refused to participate with
Mr.. Baldwin.
In addition, Mr.. Macdonald
had persuaded j. H. Thomas,
Lahorite Minister for the Domin-
ions, and Philip Snowden, Chan
cellor of the Exchequer, to join
the coalition.
Woman Loses Post ..
The new Ministry was expected
10 contain only IL or IA mem.
hers,, instead Of the 81 who had
posts in the Labor government.
Miss Margaret BOndffeId, for
mer Minister of Labor and the
first woman ever to hold a cabi-
net post in any European cOun-
try, was definitely out of the new
alignment, as was Foreign Secre-
kary Arthur Henderson and at
least seven other members Of the
former Labor government.
The cabinets fall was due sole
ly to a proposed 50-cent cut IN
the unemployment dole, to which
Mr.. Henderson, several other cab
met officers, and, the Trade
Union Council fatty refused TO
agree. .t..rt
n Ovation for Macdonald
Premier Macdonald left 10
Downing Street shortly after
.. m. and drove to Buckingham
Palace, ostensibly to report to the
King on the progress OF his e1-
forts.
The Labor leader was accorded
an ovation as he rode through
the streets. CROWDS Jammlng
Whitehall cheered him, ana
mounted police had to clear a
path for his car.
Failure of the Labor govern
ment at a time when the resources
of Britain were at low ebb and
the condition of the exchequer ill
suited to a change in ministry
was unanimously ascribed to the
truculence of the Trade Union
Council. 2 "2EH = -
Unions In Flat Refusal
The Unionist leaders, CONTROL:
ing 1870 seats in the House OF
Commons and representing some
100000 unionized workers, flatly
refused to sanction any reduction
In Socialistic expenditures, which
had been deemed necessary to
save Britain's credit and prevent
the pound from slipping off the
gold standard.
AS a result of this recalcitrance,
Mr.. Macdonalds cabinet became
hopeleSSly split.
The Washington times., 1931-08-24
Injunction Protects
100 Chicago Movies

CHICAGO, Aug. "a 0N.SO.-
An injunction issued by Judge
Ross Hall, of superior court, to-
day protected 100 movie houses
which were reopened yesterday
with imported projection men
running the machines. Nineteen
movies were raided Saturday by
men under G.. K. Creiger, in
charge Of licensing the operators,
and the operators were arrested
for working without licenses.
The Washington times., 1931-08-24

CHILDREN OF SLAIN POLICEMAN
WHEN THE bullets of gangsters in New York were
finally senced these two children fatherless and
six other persons were dead and IL wounded. Police
man Edward Churchill faced the bullet fire of the
bandits and paid with his life, leaving Florence and
Marie Churchill fatheress William Nugent taxi driver
also braved the shots in aiding policemen but out
uninjured.
The Washington times., 1931-08-24
BRITISH BANKS
FEEL STRAIN

LONDON. Aug. "a 0.N.S0-
The system of British banking,
which has not experienced the
failure of a single bank in As
years, was said today to be under
an even greater strain than that
caused by the World War.
During the war London con-
tinued to be the banker of the
world and capital fleeing from
other countries found a refuge
there. During the past year,
however, other Countries, espe-
cialIy France, have been with
drawing deposits from London.
! This movement was accelerated
several weeks ago and the gold
reserves of the Bank of England
dropped in two weeks from 81
per cent of the currency in cir
culation to below the legal limit
to 80 per cent.
The Washington times., 1931-08-24
Oil Wells Guarded
Against Fire Bugs

KILGoRE, Tex, Aug. "a
dNS)-Suspicion that a fire
bug plans to set torch to valu-
able oil properties as a demon
stration" against the oil field
shutdown in East Texas had re
suited today in additional troops
being posted in this city. Six
incendiary fires in seven hours
yesterday led authorities to believe
an effort was being made to dis
tract attention, SO oil wells or
storage tanks could be fired.