davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-09-03
BACK HOME AGAIN

belong to:
Robert Stampfel 445I North Delaware
street. Ford coupe. found at New York and
PENNSYLVANIA streets.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-09-03
Gone, but Not Forgotten

belong to: W Juice stolen
Ky Ruth Roe. 7O9 TT. Wayne avenue. Apt. 5.
FoFd ROADSTER. 768-110, from home.
ShrXsler sedan. 1854. from s95 West
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-09-03
MAD SCRAMBLE
OF DARBY BOYS
is ON FOR 800
And, Meantime, Sheriff
Buck Piles Up 1902
Votes in Race.

Added starters with 100 votes or
more Mayor Reginald II. Sullivan. w.
1. Shickel. George l.. winkIer. L. Ert
Slack. Ar HoEston. George VI. Poland.
JUDGE Frank p. Baker. Police Chief
Mike Morrissey.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-22
sALE-MrscELLANEous.


VACUUM C1sEANERszHocyer; No. 7eo. I3s;
HGovs Sat tyPs '2s Yea. AiT Ssss
Cleaner Shop, 1904 oirsrd. Adams $500.
voc ss1di6 ss63 S.v. iS s ssS
yICTEoLA cABINEr; about % records GO c I'M
vIcTRoLA. orthophonie; $500 model; can can
rot tel from ne snd s asye o lane
Chevy Chase Lake. wisconsin 94s2 z-
VIOLIN. almost $50 years old Hopf. worth
800 't Can i1 ave sss $50 ukee' almost
WARDROBE. old solid walnut. large 6ev-
ee mirror 81 2o doC Ts,b can ss usfS as
E lsnt edSdi. SA0zs % ssps
ICED Rs g., .s e all make washers 900 list
WATCH BRAcELET-i5-jewel mans Bulova
watch brsceiet: sl5. Room so+. 1919 r ct.
NV. -..
.Elrsplace and st9ys lssn 1s mixed e.
cord delivered c. 0. q. Cali Pals Church rs
sif and Sig cord delivered c. 3. MunsOn'
woop. mostly oak: well seasoned; cut in
p phoO PET cIar 9nj sSsJ - N0''''n'
WooD-.well seasoned oak. any lepgths. sl2,
Soned. AtIantlc Oo3o. hlr. huEuSt. -
First-class. thoroughly seasoned oak.
cut any lensth, Il2 cord. 81 half cord
Call Met. 0404. A -
WRIST WATCH. diamond, platinum. I'd.
ESQ 0e Addres s'f box YIN Star oftice"
SITS ELECTRIC RANCE. excellent cOndi-
ton; only $50. Silver sprinG lss-M.
BUILDING MATERIALS.
Modern plumbing hx.a!.:. hsstinsr 6 plants
screens, mantels. lighting MIXTURES, etc All
in fine condition; from one OF the hnest
residences in the city. Apply 1910 Park
CLEARANCE SALE.
Apex and Rotarex washers and
ironers at big discount. Used as
floor samples and demonstrators, but
fully guaranteed. Only $l.00 down
payment, balance in Is months on
your gas bills. No interest charges.
You should hurry and place your
order as the number is limited.
Washington Gas Light Company, 4l9
10th street NV.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-22

EOUSEKEEPER-Work settled woman,
unincumbered. will take charge OF rooming
house; . rooms and $40 month. Address
Rox 2q2-S Star office
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-22

GIRI-Country girl, colored, II years Old
wants Jon as mothers helper in small prl-
Vate family: stay nights. 81 o st, NV. Apt
. q. 40 tn h.3n D m today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-22

time work best city reference. Potomac
0s61-J 500 Q st. NV.
GIRL, colored. reliable, wishes part or fun
time work, with reference Phone Lincoln
15i1-W
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-22

GIRLS, two decire work; part time or full
time. Phone Adams $685.. Willing work.
d. na -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-22

MANUFACTURER; splendid cook; experienced
chambermaid, waitress, mothers helper.
nursemaid will do either; neat. Decatur
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-22

GIRL. colored. wants light housework. plain
cooking stay NIGHTS. Phone North 4702.
GIRL. colored, wants work of any kind.
Call Adams 374S-W.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-22
LIVE STOCK AND CATTLE.

BoAR-Young Chester. white. ready for
service; with or without papers. Ayrlavn
Farms. Bethesda. Nd.
WANTED at once-Guernsey cows recently
fresh. free from abortion and tuberculosis
no calls, Write full details to r. S. Ross,
1916 18th st NV.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-22

PAhIlE GAHHEE
KALtORAAiA CLUB open to public. Bridge.
backgsmmon. Lectures. graphic instrueti1ns
Parties Accommodated. Studio, 2009 Kalo.
yamE I'd. Pet. 3lS1. ~
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-22

WfDOW, white, 40, desires position In Ell
derry or employed couples home; VIII take
fun charge of home; good cook and house
keeper; know1edse Of sewing alsoi positively
no children; sleep in or out; wages $l2 or
SIS week; will go to country. Address Box
nfnna
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-22

GIRL. colored eenerai houSework, plain
cooking: steady position: small family apart
ment; $40 week; city references. District
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-04-07
PROPOSED TAX
HAS OPPONENTS


u &C. Ecp1ssC
-Zsz-ce III - -11Gcca EEE-rz
-1zncz DrzZ IL c=--A g.
E--Ez r 80 1ZS-=r -
@ EEz= g lsx& 51gE c
E0T- zz=T @ Teas 5Ez-
G-ocEs AxS9cZ7 zE - @Elz
60 Teas E@ Z-S&- 1EE-zrzr IL
-z- E- E -E -
srE7 - - T11cS[ lL E1r
E zzxEzzz - IL zE =gEL E-
o Eo1k-" zE clE -1E
Wy IL q 5-z2=SS E-E3zES
TEx 10y q - -Z<zn1e
EE-E-F zZ CIT - a ~ IL
dz= u c. Ez = Es-
ezez- u ~ 5zEe r= sac s.A-
q GS7=Sy C1z-01G - I-xES Is :
Us II o-1= ES-Ex Es X las
1ee= -1=@ 1E-- -=S-x = ZeE---
Ee cc@1@--1 z-6 EzH IT,
5o1leEE- zES=E sd IL
FE-cT - 500-=z- E<<-
Cz- zzEss sr E<E cZoe---
A76 IL c1zS=E zrss5T pas RS
zE= O zxz he DT fair zx-
a-n = e1-al Ezxz-ll z-5 ID 11e
III zz-ae that -nE z--Szzcs Lax
= e1-z -zxE-l E-6 = s-z-ES
where Z has 5eS- r-s = zzS bA-
E7ezG1 y Ecoee1-z -eNz--sS
I think rAS \ proposition thai
cr legislators s-1zE rn-Err
sG-1%ST H11rs lhsF R7oEs Il -1z
he E=-rnzS- TIE s=c-Sz-y CO..
cz1tzd
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-04-07

CNAE0ZA CHI. AZ z-s
[ G4L=1T wk z
A-A - El-Ea1 . .
e. 1E zzEE sa11T-
t. ye4-S a. ELE WE
- E So - - - A<
1@ "=@ @E&2= 49, So
&C q o==1H- $500 nl-
- l1E 3 @l= 49, -
E-E-=e g - - O. -
Gas CO. ~ S2 - ga
ESzoc=Ez
RzR Lax r11Ea1 = cE-E==-zC
cz@@7 C 1E r-s1GlE
EE@z H. EE 2ze ~Z-EEs
xEz2z Els E@ ElEEx
El4 zcz5E - & zZZ
Cay ZEE<0
6uE - zz-z-ZznE ca
c11E-e< MzT TAEE D=zz -z@s
q 1Egr TX - Ae TET -
krE Tk@ - . ~ Ea<
CEE- B.
A1oE &&a1 E1Es-S EH-H Ex7e-E-
% rzEzz@ -E- E=Ea1nE s1aEE =.
pos Elo5ET E-z-1ec - u resi- Il
cz-EsS C -7El -eEzE-z1E
Fzr-g bark ~ - DAY. Pres
0zE borh 2a.1ce CO al E-T ma
rEnac zs-S z-1A preceded G1c L.
1D@1 TAzRs @=sr0sI E1E-
marital zE -z5e1 pE-1 or -e sac
Wz1-nr EzS acc-se6 RS sns-les =.
U<nn=-zrT- He RS To-Ez6 =
o9z boLh polcE che< sn6 C-F DEz-
zz- II EI=c-7d
MS or1s- CkE11-E r--E
are T0r-z- tcdET &C Il E--lz1z,
pcSS z15 70 dec1ce I-I-T ESszex
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-04-07
HEALTH UNIT
ACTIVE WEEK
DR.. SPivey and Helpers
Visit Many Rural
River Schools

D. ". z SITsT. znS xx3s
BTCTcE and W--Z-sl -a-5Es
q r% CzZE1z CCE--T =ez
T-1-- E-E-HC -EE- E-z1 EE--z
TE-S1ZT z-1 F-l1zE g z- EeE
making p-TzEsl EEzl-h ESpec11E
ard giving z----z-Dz EzucEs-
tD1s 70 0.e- I'D E-6e--E Il -e
sara Ez-A Los TzE CTS
In Fzl-A VIA Ma ard zz-
PeL-0 scl1oE
TIE VISITS encZ e 5zz P=&ro.
w5e-e -1eT ATTENDED = PREF
TezchzrE Assolz-1z E=e-LE A.
this Eez-zE Lzs Esre B--r-R
P-h-c Heath N-r5e c- 5r1--
VIZ IELE EzTe = Heath TAX E
SZ-S1 . 2 lzrEE ErC-p q ---
eu-s AID Ez1-
af-E- IT, -a-zZ IL aid NJ
TE---E --zr-s-E - iris EhrrL
z-rE1 --rE-s--E 9 IRE ~
a Eooz -eD1- Ezs --rar 1-=
shEs Uz-z Dr. SrEEs sd or
Nh Er-0-s-ezr -zs 1o-s1 q
IL u1 T1 wE - -zn
ar11cL ard Ez1r- Dr. ~
-zEE - E-E - TIE Hal
@r-1TE-- ze--n1E -zz- are -
seZ-EzI % hath and wz<z-@ IL
cCc-E cC-C-dA
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-04-07
Truck
Markets

EOA N~ p H@-E
E7xa1 Nao5r- Az =
L1E= Ro GrE1s RuEE NJ
g.
Cz-AEz AN - L.
So %[T- 60 &E 1-x=
e. 7@ Tz . = - ~
So CE Ez1 - I'D cz
E5 z- - - = E.
~ ~ - S7& Ev sez lag
Cas- al = - czz FO5
c22 -z-E-zcs Cz-= 5s-5c
fer ST. EELl< cRs ID Eg=1
@1-T 81 - 0 o. r@-
&E-0 E1E1 11E[ - E EE3.
Cz-UE HIS @ Lz-
E-s 2-T- 60 So 0-k-
g. N-E Ez-= 0r1E1 Ca
Las a. - Z-EE cz= FOB zSzk
1EE Sl-lA seE Sis. czS1 Eack
SS5-zM
5sz Has - Lzr Er
@ET- 60 $E 7z-E 0
-A4 49, ~-E- &-t
z1E ETe1 C< FO5 zszZ S--s
Z x--L11- czSa --zcx SSs-LU
So Eez- Has 10y -E1-
Ne ne ~ r1z--
E1-Es zz-kE- E-szT BEhz
zz-s-S S--EEss- II -Ex=r cas-
FOB -s-- rG-E E1ET z-o1c
KS n M czx FOB czs1 -zc<
-TE-y seZ 2lS E5l73 T-ck-
E1 1s1 . E-1<E-S MISTY EE
D 1-z1- ET 5E 11
P0-z-D@ Hairs z117-R
LIN --e --L-- Ezrz-L -z-ae-
So ZZ-k>- z-Eh-lT Eezzz-- 10
d szEks BIS T---u-s Z : NJ
! : II II @ g p rs-- @ zaE
@ : 70 ] zrl1z& z-d II
mixed cars FOB 1s-z- terms z1--
" 81 Ezz1 -rzcE Z75 q : No !
E-C1Cs E-1 = mixed cars FOB
Esz2I terms misty GS- czs1 trzcz
So T-zGS -zzz d rgze=-
TO = ZrE BIS --I1z II :
70 u ! - u -1 g - cz-- u
8 No : Sc $50 straight Z 6
C1@ $40
OZG-s- HzEtizzs rev Ezrt NoS-
ErEte EEE E---T- 1z-z-- EoE--
- Car
--zz-z-z E-z-ss Te-T 7r-
Zdss mostly sI15-T3 -o--T
H-TTni SIS. EeE h-zhe-- C-Ts-zI
Wax 10y El7 N1E1--
- ~ s Ee-
~
60
-
- -
- p
IL All ? vs.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-04-07

MISSION. E--- T-ohn II
S1AT- Joe Mez1o- ard PERI Long,
Ee- Es-e el=--s1 ~@- oE -
E11C o1z-- g SEz-z-d -n6a-
~e1c&z- E1ool dIz-r1E a ths s-z-
-oc S-urtzv
AeSS-z K-1S-7EE Lzzrz-cs ard
R1zz& were Eesez-e1 90 Z -z-7e
=z1-r
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-04-07
SCHOOL BOARD
HEADS NAMED
SPECIAL 20 IT, Herald
MISSION

MISSION. Ap-L T-E6z-l Or
lz1e-e-- John = Vac and y
II E=s-z Ee-s s-@--a1 z@-a@- W.
ne -Ozl srE00z bard here 5z----
cay ne votes beng To 70 rse
over r1eE c1DOz@-ts Rankin -
ce1sec 70 c0-4 Tzi-- 81 O1o-n-
5S-ze- 5G ard E<sr 40 zEz--
lS C II = Cara and 10 ~
JACK Gray
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-04-07

MISSION All T-A-cz r.
1@-1eE- 500 G- se--s<
Tt-s-s = s1-1Es- 2 P=z-s- II
1 an = III Nrz-1s-
- 2 $1-z- orc J-=- z-L
Re Wa -rs - 01cEza-r
EE0 1z-=d q e-ect1
The Washington times., 1931-06-10
ADVERTISEMENT
Freedom for Women

The problem of successful init
mate feminine hygiene has been
solved An eminent physician
makes available for all women
prescription especially designed and
successfully used in private medical
practice for over IS years. This
prescription is called "Femite." 1t
is provided in the form of dainty
little cones packed in a small metal
box, always ready for immediate
use anywhere, anytime 1t is also
an instant deodorant that leaves
no tell-tale odor.
The antiseptic action Of "Femite"
is almost immediate and it's protec-
rive, soothing effect lasts for hours.
1t is healing, very beneficial to irri-
tated membranes, positively does
not contain carbolic acid, bi-chlorid=.
or other forms of mercury, is not
Caustic. and is non-poisonous. 1t is
the simplest, most certain. safe and
convenient of all methods for init
mate feminine hygiene.
Write for a free copy of Fem
inine Facts" This informative,
helpful book should be read by
every woman, especially mothers
with daughters just entering WON.
anhood. Mailed in a sealed. plain
envelope. JohnsonNeilly Company.
Inc, Dept. sc, Hagerstown. Md.
"Femite" is on sale at all Peoples
Drug Stores and all good druggists.
The Washington times., 1931-06-10
DR.. JUDD URGES
STRICT REIN ON
specialists"
New President of Medical
Association Gives Praise to
Family Doctor; Takes Office

PHILA DEL PHIA, June 10
(IN.S0.-More rigid requirements
and examinations for those who
rate themselves as specialists were
advocated by DR.. E. Starr Judd,
noted Rochester, Mimi, surgeon
of the Mayo Clinic, in his in
augural address here as president
of the American Medical Associa-
ton.
DR.. Judd also urged the use
of common sense in medicine"
and the earasing from the pa
TENTS mind the belief that medi-
Cal science is mystery"
DR.. Judd said:
Specialization has been over.
done
He explained a plan had been
worked out whereby physician
desiring to practice a speciality
may take an examination pre-
pared by the association. If he
is successful, the physician would
be granted a certificate attesting
his ability in the particular field.
Lauds Family Doctor
DR.. Judd asserted that the pc
Tiod of eduactiOn for the practice
of medicine was too long and
prOposed that a course in "cOm-
mon sense" be introduced into
the curricula of medical school.
High praise was given the fam
lily doctor by the incoming presi-
dent, who succeeded DR.. William
Gerry Morgan, of washington.
D. c.
Insanity Discussed
Clinical sessions which held
sway the first two days gave
way to scientific sessions today
while the house of delegates, the
governing body of the assocla-
tion, held another meeting.
Artificial fever, produced by
high-frequency electrical current,
can restore sanity, according to
DR.. William H. Schmidt, OF JET
ferson. Medical College, Philadel-
phia.
Lack of Sex Harmony
DR.. Robert L. Dickinson, of
New York, noted gynecologist,
will emphasize in his address to-
day this important discovery he
has made:
That more than half of a
group of ITO married women of
highly cultured American fam
lilies are deeply unhappy. The
root cause is that these women
have not achieved sex harmony.
According to DR.. Dickinson,
every woman has the capacity
for sex expression" and when
this is not properly expressed.
her health. mind and emotions
suffer.
The Washington times., 1931-06-10
The Budget
Plan

Makes it easy for you to
own fine furniture and
furnishings. Down pay
ment b a nee
monthly.
The Washington times., 1931-06-02

tables, hams, raisins and oranges
were among the reviSiOns listed.
Premier r. B. Bennett said the
changes were made in an effort to
relieve unemployment.
A provision against dumping
foreign products also was an
nounced, as well as a special excise
tax Of / per cent on imported
goods, effective at once: an in
crease in income tax of 8 to 10
per cent; an increase in sales tax
from to per cent and increases
in postage rates on letters from 2
to 3 cents.
Liquor Receipts Drop
The premier said poor business
In. Canada caused the deficit of
$75,244,973 in the budget and
there was a drop of $7,OO0,OO0 in
collections from alcoholic bever.
ages produced in the dominion,
following the stOppage of liquor
exports to the United States.
Duties of 40 cents and 81 per
ton were imposed on anthracite
coal and coke under the general
tariff and the rate on bituminous
coal screenings was raised to IS
cents.
The Washington times., 1931-06-02
F FA|RLY ACTIVE
TRADE ON CURB

n w YORK, June 2 G.N.SO-
The curb market appeared to
have turned the corner, temper
arily at least, in today's session,
for after a heavy initial wave of
selling had spent itself, represen-
tatiVe stock favorites definitely
discarded their reactionary tend
encies and headed for higher
price territory.
The utility group turned up
smartly after breaking to new
low ground in the first hour un-
settlement. American Gas and
Electric rallied to 50A from its
low of 4812, for a net gain of
Ia points. Electric bond and
share came back to 321a from a
low of 31H4, to record a net ad-
vance of "a. American and For
eign Power Warrants, American
Superpower, Commonwealth Edi-
son, Niagara Hudson Power,
United Light and Power, were
other active favorites to convert
early losses into gains.
Consolidated Gas of Baltimore
was an outstanding weak spot in
this section, however, sliding off
almost 4 points to a record low
at 8O3s.
Cities Service held within a
narrow price range, backing away
fractionally to a low of 10, from
which it recovered to almost du-
plicate it's previous close of 1925.
Oils were again the sore spot
of the market with all leaders in
this group breaking to new low
ground for the bear movement.
Vacuum sold off 23s points to
2412; Standard of Ohio was off
21s to 38; Standard of Indiana
was IS lower at 1915. and Hum
BILE was off Is at 5O1s.
Curb bonds showed irregular
rallying tendencies along toward
midday in sympathy with the i'm
provement in stocks.
The Washington times., 1931-06-02
S1,500,000,Q00.
DEFICIT SEEN
NEXT YEAR
Treasury Now ''In Red" More
Than Billion, and New Tax
Receipts Slump Expected
By ROBERT S. THORNBURGH

BY ROBERT S. THORNBURGH
With no appreciable pickup in
business such as would affect in
important degree Government re-
ceipts, the Treasury is faced with
a possible deficit of 100000, 900
or more in the fiscal year end
ing June 80, 1882, judging from
figures available today.
The Treasury ended the elev-
enth month of the 1881 fiscal year
with an excess of expenditures
over ordinary receipts Of more
than billion dollars.
1t now appears that total re-
ceipts for the year will be about
S3,S05, 100000, while President
Hoover has estimated evpendi.
lures of S4,4S5,OOO 900 Indicating
a deficit of more than S1,1OO,OOO,
600 unless there is an unexpected
change before June 80.
Another Slump FOreseen
Out of the total loss of probably
$87OO00,O0O in receipts as COM
pared with the 1880 fiscal year
about S550,000,00O will be ac-
accounted for by income and cor
poration taxes. 1t was explained
that tax collections for the first
half of the 1881 fiscal year, that
is the period July l to December
81, 1880, were based upon returns
made on incomes of the prosper
GUS year of 1929
On the other hand the pay
ments for the first half of the
1882 fiscal year, from July l to
December 81, 1881, will ne based
on returns for the lean year of
1880, while for the January l to
June 80 period, the second half
of the 1882 fiscal year, the taxes
will be paid on the equally lean
year of 1881.
AS result, it was ANTICIPATED
that tax collections for 1882 would
slump S30O,0OO,OO0 to $500, 900, 900.
While every effort is being
made to prune expenditures, it
appeared doubtful that it will be
possible to make a substantial
reduction from the current year.
The Washington times., 1931-06-02
NEW WLOW LEVELS
ON COTTON

NEW YORK, June 2 G.N.SO
New low levels we're reached dur
ing the early trading on the New
York Cotton Exchange today on
an accumulation of overnight
selling orders and easier Liverpool
cables. e..
Futures contracts were IA to II
points lower at first call, but
stimulated by short covering and
an irregularly higher stock
market, the general list regained
some of the early losses and by
the noon hour a generally steady
undertone prevailed in the
market.
At midday, July sold at $40,
off 7; October at 8.75, off S; De-
cember at 8.96, off 6; January at
900, off 6, and March at 9.28,
off 8.
Cotton contracts continue to be
led by the action of the stock
market. Nevertheless, there is
the district possibility that bad
weather and the weevil could ap-
pear at the same time, the decline
in stocks could cease, and conf
dence, at least to the degree that
the worst is over, make its appear
ance. The cotton trade would
then find itself bare of cotton
goods, bare of contracts and a
short crop coming on.
The Washington times., 1931-06-02
CAS- CO. ELECTS
A. {. PIERCE

Stockholders Of the George
town Gas Light Company, in
annual meeting yesterday elected
Albert E. Pierce, Chicago, a
director to succeed Fred S. Bor-
roughs, New York, resigned.
Mr.. Pierce is president Of
Central Public Service Corpora
tion, which recently acquired
operating control of the Wash
ington Gas Light Company, its
Georgetown subsidiary and sew
eral suburban concerns.
Robert D. Weaver, George A.
G. Wood, Wilton J. Lambert.
Charles c. Glover, jr., James M.
Green and George B. Fraser were
elected to the board of directors.
Officers reelected are Mr..
Weaver, president; Messrs. Wood
and Fraser, vice presidents;
Frederick K. Heupel, secretary
and assistant treasurer; Edward
T. Stafford, assistant secretary;
A. Gray Dawson, treasurer;
Richard A. Ennis, general
auditor; and Mr.. Lambert,
attorney.
The Washington times., 1931-06-02

of stock prices to low ground as shown the stock
market index The further easing of money rates
in May in the index for oanable funds was
panied by no considerable strengthening of the demand
The Washington times., 1931-06-02
By LEWIS HANEY

Director, New York UniverSity's
Bureau of Business Research
and Former Economist of
Federal Trade Commission
Last week stocks continued
their moderate downward course
under the pressure of liquida
tion. Most groups, except utili
ties, touched new lows in the
great bear market of 1929-1931
the averages lost about S points
during the short week.
The food stocks fell most
sharply, declining more than I
points. Utilities came next, with
a loss of about 6 points. But on
each of the last six trading days
a large majority of issues were
lower.
Bonds Dip Sharply
Bonds were off quite sharply
to a new low for the year. They
are getting quite close to the
1880 low.
But I think we are getting to
a point where we can begin to
look not very far ahead for the
end of the broad declining part
of the bear market.
am now inclined to think
that the averages may not de-
cline more than 10 per cent
from present levels, and that
stabilization may be expected
within the next so days.
1 am sure that considerable
liquidation is still to come in
some stocks. I am sure that the
beginning of a broad sustained
rise in the averages is not yet in
sight.
1 can see no hurry about max
ing investment purchases. But 1
believe that the bottom is nearer
than most people seem to think.
Pertinent Reasons
My reasons for this belief are
these: First, there is evidence
that some of the long-needed re-
adjustments in stock values are
now in process. Pool operations
The Washington times., 1931-06-02
Haney Sees Stocks Within
10 Points of Be tom

il the "mysttrv stocks" are being
Woun9 Lp.
The alleged "depression-proof"
stocks foods and amusements)
are being depressed. The new era
valuation of utilities is beginning
to pass.
The most fundamental reason,
however, is to be found in the
yields which stocks give. 1 find
that the average yield of repre-
sentative group of 20 industrial
stocks which are cash dividend
payers is 8.3 per cent.
At their bottoms in December,
1917, and August, 1921, similar
group yielded 8.6 per cent and 81
per cent, respectively.
Yield Spread Growing
But, more than that, this aver
age yield is getting plenty high
enough compared with money
rates and with bond yields. Time
money is only about ~ per cent.
The average yield of high-grade
bonds is not over Az per cent.
Yet, one statistical agency reports
the average yield of so industrial
stocks at 81 per cent.
1t would now be easy to pick a
list of 20 seasoned dividend-pay-
ing induStrials, and to allow for
two of them to pass their divi-
dendS, and still hev a yield on
the group of per cent. That
would be four times the rate on
time loans and IL per cent more
than the bond yield.
Needless to Hurry
While there is still much divi-
dends, and still have a yield on
fore getting to the point where
yields on stocks are nearly high
enough to give us a sort of in
Surance against loss.
But don't be in hurry. Some
of the best utilities and indus
trials are not yet completely liqui-
dated. The average yield con-
ceals a great lack of uniformity
some yielding II per cent and up
and some under AZ per cent.
Both extremes show an abnormal
condition. This means further
unSettlement.
The Washington times., 1931-06-02
GENERAL RAY0N, LTD.

Report of General Rayon Co.
Ltd. and subsidiaries for year
ended December 81, 1880, shows
net profit of S383.580 after inter,
est, amortization Federal taxes
ETC., equivalent to $3.50 a share
on 55,907 shares of 7 per cent
preferred stock. This compares
with net profit of $625,584 in
1929. equal after 7 per cent pre-
ferred dividends, to 46 cents a
share on combined 398,425 shares
Of Class A and 100000 no-par
shares Of Glass B common stocks.
The Washington times., 1931-06-02
8 CITIES REPORT
TRADE GAINS

Eight of 26 important cities re-
ported some improvement in bust
ness and development conditions
to the Commerce Department to-
Four reported no change, one
a slight downward movement and
the rest were indefinite in their
reports. Considerable public and
semi-public work appeared to be
in progress in many sections of
the country.