davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-07-15
KROGER PROFIT
HAS BIC HOP

Net earnings of Kroger Gro
cery & Baking Company for the
first six periods ga weeks of it's
13 period calendar year were
$2,316,242, equivalent after pre-
fered dividends to $1.2555 a share
on l,813,486 shares of common
stock outstanding June 20, 1881.
This compares with net earn
ings of IL cents a share in the
first half of 1880 (26 weekO and
with $1.O2 a share in the last
half. Earnings for the "a weeks
of 1881 to June 20, were thus II
cents a share more than in the
entire year 1880.
Balance sheet as of June 20,
1881, shows many improvements.
Ratio of current assets to current
liabilities was 3.57 to !, against
3.l3 to l on January 8, 1881, and
2.97 to / on June %, 1880.
Sales for the first six periods
to June 20 were $119,736,487. For
the comparable period OF 1880
(January S to June 81 inclusive)
sales were $123,942.778. Decline
in dollar sales was 3.39 per cent,
against which the Bureau Of La
Dor statistics reports decline Of
1892 per cent in average retail
food prices.
The Washington times., 1931-07-15
P R|CES LOWER
ON CURB MART

NEW YORK, July IS 0.N.S).-
The curb market broke decisively
through its former support levels
in the most active session Of the
week today and, with bearish pro-
fessionals aggressively pounding
the list, stocks were forced to new
low ground on the movement, sew
eral to record bear market lows.
Utilities were sharply depressed,
with a severe pounding on Elec-
trio Bond and Share carrying the
pivotal leader down 33s points to
351s. Other weak spots included
Commonwealth Edison. off 3h at
1882; American Gas and Elec-
trio, off 23s at 81; Associated Gas
and Electric A, off l to a record
low at .13s, and Brazil friction,
off 13s at 17B.
Gulf was an outstanding soft
spot in the oil section, dropping
back almost points to 52h.
Vacuum lost a point at 407s, with
losses in other petroleum issues
averaging somewhat under
point.
Specialties were particularly
hard pressed, with the widest de-
clines chalked up against Alumi-
mum. which slumped 4A points
to 121; Fajardo Sugar. off 3 at
27: Great Atlantic and Pacific
Stores. off 4 at 1876; Mead John.
son. off 4 II, nd Singer Mnu.
featuring, off S at IS.
The Washington times., 1931-07-15
financial Netus Stocks Bonds Commodities and Comment
North Carolina Business
Conditions Rated Fair

A few are running day and night,
and fe' are closed down. But
the trend is toward Single
shift" which means day work
only as against the old day and
and night operation.
In this way the mills are able
to give part-time work to most Of
their more regular employees. But
this means much smaller total
payrOlls, and business suffers as
result.
Mill Outlook !ClOuded
The outlook for the cotton mits
here is considered uncertain.
Most bankers and others I talk
with can see no prospect OF much
improvement this year.
There is certainly a large over
capacity. The competitive sltua-
ton is not good. The more
thoughtful observers seem to
think gradual elimination OF
inefficient machinery through
failures and mergers will help.
But 1 find some real progress IN
adjusting mill production to mar
ket conditions.
Stocks Of goods are lower. Cot
ton for starch sacks and other
bagging is on the increase.
Progress may be seen also in at
tentiOn paid to costs and to Sc.
Iecting good raw cotton and
labor.
Recovery to Be Slow
The chief hope of a turn lies
in gain in demand, and that
depends largely on prices and
buyers psychology,
1 don't hear anything about
the stock market down here, ex,
cept that it was something that
crashed in 1929.
The general sentiment is that
business recovery, when it comes,
is going to be slow.
The Washington times., 1931-07-15
Hoover Board Finds Many
Job and Trade Gains

the exception of cotton goods,
which show a slight decline.
Philadelphia is encouraged over
the increase in activity in the
textile, leather and machinery
industries, though some other
lines are merely holding their
own.
Birmingham reports additional
demand for steel sheets and ce-
ment and predicts still greater &C
tivity through July and August:
other Southern cities to show
decided improvements are Jack.
sonville. Memphis, New Orleans
and Houston.
The Washington times., 1931-07-15
improvement

Continued Improvement IN
business and employment in
many scattered communities
throughout the country during
the last week. was reported yes
terday by the Presidents Emer-
gency Employment Committee.
New England maintained the
upswing that started last winter
and reported gains in wool, silk,
hosiery, silverware, jewelry, scien-
tific instruments. leather, shoes,
chemicals and drugs. Practically
all other industries In that sec.
tions are holding their own with
The Washington times., 1931-07-15
Investors Syndicate
Gains Business Here

James M. Sheriff., State man
ager of Investors Syndicate, who
has just returned from the annual
convention of the organization
in Minneapolis, said yesterday
that the thirty-seventh year Of
business of the syndicate, ended
July 10, had been exceedingly
gratifying, showing greater in.
crease in resources. capital and
reserve than any year in the
company's history.
He also said that, in keeping
with the general growth of the
organization, the business for
the first quarter of this year in
the Washington office showed a
500 per cent increase over the
same period last year.
The Washington times., 1931-07-15
RAILWAYS SEEN
BEST|NG ILLS

HERSHEY PARK. Pa. July IS
G.N.SO A note of encourage
ment for the railroads was sound
ed here today by Senator Davis
(R0 of Pennsylvania, in an ad-
dress at the annual picnic gath
ering of the Pennsylvania Broth
erhood of Railroad Trainmen.
Despite competition from the
motor bus and airplane, he pre-
dicted the railroads would come
into their own as large earners
when prosperity is restored.
He declared the national exist
ence was so dependent on the
railroads that commerce end in
dustry would be seriously retarded
if operation were suspended even
for a few days.
The Washington times., 1931-07-15
BY LEWIS HANEY
director New York University Bureau
of Business Research)

director New York University Bureau
of Business Research.)
CHARLOTTE, N. c., July IS.
Business. except real estate, is
about fair in this North Carolina
metropolis. A good many stores
are doing as we'll or little bet.
ter than year ago.
This is partly due to past fail.
ures, however, which leave fewer
stores to divide up the remaining
business. I also have to report
that no rising trend Is to be
found at present. The people
simply are not buying much be-
yond necessary requirements.
Farmers in Fair Shape
This is not due to the farm sit.
uation. Conditions in the Char
lotte territory are more dependent
upon cotton manufacturing than
on cotton farming. Anyhow, far
merS around here are not in bad
shape. They are not deeply in
debt.
Grain and hay crops are good,
end the farmers are raising more
food and feed. Probably they will
more nearly break even than in a
long while.
Prices are low, but less money
is being spent for labor and fer
tilizer, and both farmer and farm
hands are working harder.
Unemployment Worries
The immediate trouble, there
fore, appears to lie in unemploy
mert Moreover, there is a bad
real estate situation, and the
losses and fears of those who
have suffered through bank fail
ures are factor.
My impression is that the cot
ton mills in this section are aver
aging about four days a week
The Washington times., 1931-07-15
DROP IN STEEL
OUTPUT SEEN

NEW YORK, July Is U.N.S,)
Widespread industrial shutdowns
for vacations and inventories, to-
gether with the generally poor
business conditions in most steel
consuming lines. have further re-
stricted steel buying and plant
operations. according to the
weekly Iron Age summary to be
released tomorrow.
Although erratic schedules make
it difficult to estimate the rate of
steel production for the industry
as a whole, the average at the
moment is not above 80 per cent
Of capacity, compared with 50 per
cent a week. ago, with slight cur
tailment likely before Tie end Of
the month. Present activity is
only a little above the low point
Of last December.
Operations have gained a trifle
in the Chicago district, where one
steel company blast furnace, re-
Gently banked, has been put back
in service. A steel company blast
furnace has also been blown in at
Buffalo. Elsewhere, pig iron and
steel production is off from last
week or barely maintaining the
recent rate.
The pig iron composite price of
the Iron Age is $15.56 a gross ton,
off cents from last week and a
new low. running back to the
autumn of 1915. The finished
steel and steel scrap composites
are unchanged, steel at 2.137
cents a pound and scrap, $9.17 a
ton.
The Washington times., 1931-07-15
CHICAGO LIVESTOCK
To Follow Up Gains
CHICAGO, July is G.N.sD.

CHICAGO, July Is 1.N.SD.
Hogs - Receipts, $4,000; 10C
higher. top, $7.65; bulk, $4.75@
7.50; heavy, $5.25@7.5O; medium
$7.40@7.65; light, $7.2O@765;
light lights. $725@7.6O: packing
sows, $4.45@5.75; pigs, $6.5O@
7.25. HoldoVers, 1000.
Cattle - Receipts, 1000; Csc
lower. Calves: Receipts, 1000:
steady. Beef steers: Good and
choice, $7@8.25; common and me,
dium, $5@7: yearlings.. $5@8.75.
Butcher cattle: Heifers, $4.50@
8.75; cows, $3.5O@6.25; bulls. $3.50
@6; calves. $6.5O@9; feeder steers,
$4.50@6.75; stocker steers, $4.50@
Z; stocker cows and heifers. $3.50
@6. II
Sheep-Receipts. $4,000; 25c
lower; medium and choice lambs
$8@8.50: culls and common. $40
$50; yearlings. $4@6.50: common
and choice ewes, $1@3.50; feeder
lambs, $5@5.25.
The Washington times., 1931-07-15
Bedding Makers Set
To Spend $175,OOO
In Advertising

HOLLAND, Mich, July IS.
The Master Bedding Makers OF
America voted to spend $f75,-
900 in a newspaper advertising
campaign featuring the spring
air mattress, according to Doug
las R. Henderson, head OF
Englander Spring Bed Com
pany, New York city. after the
opening session of their conven-
tion here yesterday.
The campaign will start IN
September and will run in 40
cities from the Atlantic to the
Pacific.
The delegates formulated
new type of merchandising plan
keyed toe meet the 1882
buyers market, with which the
advertising win be coupled.
The Washington times., 1931-07-15
FUTURE COTTON
PRICES DROP

NEW YORK, July IS G.N.S0.
Somewhat lower prices were regis
tered throughout the general list
of future contracts on the New
York Cotton Exchange during
the forenoon trading today on
lower than expected Liverpool
cables, and a favorable weather
report.
Trading was not active. Local
traders and professionals sold,
while the trade and shorts were
fair buyers on a scale down.
Cooperative brokers bought dis
tant months. while New Orleans
and the continent sold.
At midday, October sold at
oil, off 16; December at 9.33, off
IT; January at 9.44, off IS:
March at $50, off 10, and May
at 9.79, off II.
The Washington times., 1931-07-15
D. c. ADDS 4,022
NEWPHONES

Telephones in Washington con-
tinue to increase while other parts
of the country show substantial
losses. For the first six months
of this year there has been a
net gain of 4,022 telephones in
the District of Columbia as com,
pared with 3.048 for the first
six months of last year, according
to a statement made by John A.
Remon, general manager.
For the Chesapeake and Po-
tomac Telephone Companies
operating in the District of Co
lumbia, Maryland, Virginia and
West Virginia, there has been a
net gain of 1906 telephones
since January l.
The Washington times., 1931-07-15
Gage Wright Urges
LOWer W1Qe Scale

If any argument were needed
to prove that wage rates in many
industries must undergo a general
reduction before prosperity can be
brought back to American busi-
ness, it is presented, in the opin-
ion of Gage P. Wright, New York
business counselor and president
fthe Business Economic Digest,
in the current records of the build
ing industry.
The trend of material costs Is
downward and has been moving
in this direction for several
months, but wage costs continue
to increase, according to the fig
ures compiled by the Federal Re-
serve Bank of New York, and at
the moment are at the highest
level ever attained,
The Washington times., 1931-07-15

fabric of the world which would
kill off the germ of depression
and start business on the up.
grade.
To Follow Up Gains
It was the belief that once the
details of application of the mora
torium and temporary relief to
Germany can be worked out, this
and other governments which
have the facilities will follow up
present efforts with further stim-
ulants to business.
Most experts here feel that if
business can be pulled out of the
depression mudhole, it will have
enough momentum to keep out
and move along slowly, at least
until some Semblance of real pros
perity is regained.
While there is nothing definite
the Government proper can do
in the way of lQaning money or
extending credits abroad without
Congressional authority, the semi
official Federal Reserve System
is empowered to facilitate the
international flow Of credit and
commerce.
Short Loans Seen
With the Federal Reserve
System taking definite interest
in these matters, it was the belief
here that private American
bankers would be encouraged to
extend at least short-term loans
That might be just the boost
needed by world business.
Officials here declared that
once the depression is actually
passed, the world undoubtedly
will be in a much more solid
position from the standpoint of
business and industry than ever
before, provided there are not
international political complica-
tions, especially in Europe, which
would work against permanent
stability.
The Washington times., 1931-07-15
Decrease Indicated
In Hoo MarketingS

Smaller marketings of hogs
during July, August and Septem-
Der than in the same period last
year are expected in the United
States, according to the July re
port on world hog and pork
prospects issued yesterday by the
Bureau of Agricultural Econom-
les.
This is in line with the bu,
reau's June pig survey which in
dicated a decrease in the mum
ber of hogs over six months of
age on farms.
The Washington times., 1931-07-15
Decline in Freight
Blamed on HOLid0y

Loading of revenue freight for
the week ended July 4 totaled
667,S79, a decrease of S1,4l1, or
IL per cent, from the preceding
week, due to the observance Of
Independence Day, the American
Railway Association announced
yesterday.
1t was also a decrease Of 1874
'174 cars, or 1877 per cent, below
the corresponding week of 1880
and of 243.264, or 26.8 per cent,
from the 1929 level.
The Washington times., 1931-07-15
Canada Grain Store
ShOLUs Sharp DrOD

OTTAWA. July 15.-StockS of
Canadian grain in store decreased
by 3,118,626 bushels to 152,212,5 ,597
bushels during the week ended
July 3. compared with 161 1884, LOT
bushels in the corresponding pc
riod last year.
Wheat stocks declined during
the week by 2,594,2 200 bushels to
116,903, BOT, as compared with
121 ,664,270 the year before.
The Washington times., 1931-07-15
Secondhand Sales
II Million in Gotham

NEW YORK. July 15.-Second-
hand stores in New York city
transact a volume Of business ex-
ceeding $14,0OO,0O0 a year, &C
cording to an analysis announced
by the Merchants Association of
the census of retail distribution
recently made by the Department
of Commerce.
Dealers in secondhand furni-
ture lead the field, with 256
stores in the city doing a busi-
ness of $2,936,O00. Pawnshops
rank next, with ia selling annu-
ally goods valued at more than
$2,750,000.
The Washington times., 1931-07-15
Refrigerator Sales
jump So Per Cent

Sales of Copeland commercial
refrigeration units for the first
eight months of the current fis-
cal year beginning November l.,
1880, increased more than 63 per
cent over the corresponding pc
riod Of the previous fiscal year,
w. D. McElhinny. vice president,
Copeland Products. Inc, Mount
Clemens, Michigan, announced
Yesterday.
The Washington times., 1931-07-15
{ Become Directors
Of Ren1ingtOn-Rand

James G. Blaine. president Of
the Marine Midland Trust Com
pany, of New York: Joseph p.
Ripley, vice president Of the Ma
tional City Company; William P.
MacCracken, and w. S. James to-
day were elected directors of
Remington Rand, Inc. They sue
ceed w. F. Merrill. Harry Land
siedel, G.. w. Fraker, and H. j.
Fuller.
The Washington times., 1931-07-15
NelUs Print Output
BeLOW That of 1880

Production of news print in the
United States and Canada in
June was 295,057 tons, or 50 6-10
per cent of rated capacity, against
303, 300 tons, or "a $40 per cent Of
capacity in May and $4,000 tons,
or rs 2-10 per cent of capacity in
June, 1880. according to today's
report Of the News Print Service
Bureau.
The Washington times., 1931-07-15
WOULD BUY LINE

The Pere Marquette railroad, a
Van Sweringen-owned line has
asked the Interstate Commerce
Commission for authority to &C.
quire the ManiStee and Northern
railroad in Michigan by purchase
of capital stock and by lease. It
is proposed to pay $497 ,297 for the
1907 shares of stock outstand-
ing,
The Washington times., 1931-07-15
Cement Production
Less Than Year AuO

Portland Cement industry in
June produced 14.125,0 900 barrels,
shipped 16.094,000 barrels from
the mills and had in stock at end
Of the month 27,585, 900 barrels,
the Bureau Of Mines reported to-
day.
Production showed q decrease
Of 1871 per cent and shipments
1913 per cent as compared with
June, 1890.
The Washington times., 1931-07-15
Income Tax Refunds
Granted TLUO Firms

The following refunds in in
come tax payments were an
nounced yesterday by the Treas
ury Department: oskea g
Manufacturing Company, Boston,
$406, ,7S5, and the Diamond Match
Company, New York, $311,973.
The Washington times., 1931-07-15
RESERVE BOARD.
MAY SPEED
CREDITS
Belief General That Federal
System Will Cooperate to
Aid Short Loans to Europe

General cooperation of the Fed
eral Reserve System in the exten-
sion of credits through foreign
bill purchases may be extended
beyond that to Germany, accord
ing to the prevailing belief today
The moratorium on interna'
tiOnaI reparatiOns and war debt
payments was an attempt to in.
ject q. serum into the economic
The Washington times., 1931-07-15
Gains in Trade
Noted Today

District add 1922 new
phones in six months.
Refrigerator firm has big
sales increase.
Hoover Board lists many
job and trade gains.
KrOger half-year net more
than all 1880.
The Washington times., 1931-07-15
New York Bond Market
Fractions represent Sends
IOIT ,ne1lS IOI l-J9

United States High Low Last
Liberty 3hs 'S2-'47. 102 20l 102 1sl1O2 IS
Liberty 1st 4As '32-47i10S 13l10S l0l1OS 10
Lib 4th AIS 1898. .l1O4 SOllO4 2sl104 80
The Washington times., 1931-07-15

fabric of the world which would
kill off the germ of depression
and start business on the up
grade.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1931-02-05
Drivers License LaW Questions
ANSWERED by Automobile Association

except that this privilege may be re-
voked for the same misconduct as
would cause suspension or revocation
OF license here. A driver from non
! license state, may operate, here, any
vehicle registered in his state on the
same conditions.
IL. Who opposes drivers license
laws and why?
/ Ans. In states now having such
laws they are endorsed by all groups
Judges, police, motor clubs, civic
organizations, dealers and farmers
In some states now working for Ii
cense law all these groups have en-
dorsed it.
In some place, farm representatives
have opposed law which would pro-
hibit driving by farm boys and girls
under 16. The age limit is not vital
feature of the law and can be lowered
if desired.
Some automobile dealers also have
opposed the law, apparently fearing
that it would interfere with sales, al
though the fact is that the percentage
increase in motor vehicle registra-
lions duri-Z the past 10 years has
been slightly greater in the license
than in the non-license states. Other
dealers organizations are supporting
the law because they believe that it
will reduce accidents and that accid-
ent reduction will be stimulus to
the purchase and use of cars.
IL. Who can suspend or revoke a
license and how?
Ans. If driver is convicted of
certain serious offense, such as driv-
ing while drunk, the court sends a
record thereof to the state depart
ment and the license must be revoked
and cannot be reissued for one year.
If the state receives reports that a
certain driver is a serious and habit
ual violator or reckless driver, he
may be called in for hearing, in his
own county, and his license may then
be suspended for shorter or longer
time if the state commissioner finds
that the man is in fact a dangerous
driver.
Is. Does the state commissioner
have the last word?
Ans. Any decision of the commits
sioner, either in refusing to grant a
license or in suspending a license,
can be appealed to the courts.
IA. Won't this be just another fin
ancial burden on the motoriSt3
Ans. The license fee is only twen-
ty-fve cents.
Is. Will there be a lot of officers
out on the highway stopping every
body to see if he has license?
Ans. No. But if an officer stops a
driver for ordinary violation, he will
ask to see his license card. Few peo-
pie will, therefore, take chance on
driving without license as the pen
atty for doing so is heavy.
16. What if l lose by license?
Ans. A duplicate will be issued on
proper application.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1931-02-05
(Feb. 5-12-19)
CITATION FOR HEARING ON
PETITION FOR ADMINSTRA-

IION.
Estate of Samuel A. Wittwer,
State of Minnesota, County of Red
wood, SIS. : IN PROBATE COURT.
In the Matter of the Estate of
Samuel A. Wittwer, Decedent.
The State of Minnesota to all per-
sons interested in the granting of adj
ministration of the estate of said
decedent: The petition of Marcella
Wittwer having been filed in this
court, representing that Samuel A.
Wittwer then a resident of the Coun-
ty of Redwood, State of Minnesota,
died intestate on the 18th day of jan
uary, 1881, and praying that letters
of administration be granted to Ellen
S. Wittwer and the court having fixed
the time and place for hearing said
petition.
THEREFORE, YOU, AND EACH
OF YOU, are hereby cited and re-
quired to show cause if any you have,
before this court at the Probate Court
Rooms in the Court House, in the
City of Redwood Falls, in the County
Of Redwood, State of Minnesota, on
the End day of March, 1881, at 10
o'clock a. M, why said petition should
not be granted.
Witness, the Judge Of said Court,
and the Seal of said Court, this 3Oth
day of January, 1881.
A. r. A. LAUDON,
Probate Judge.
By Isabelle Hatch, Clerk.
A. C. Dolliff,
Attorney for Petitioner.
(Court SeaD 31-3ts.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1931-02-05
(Feb. 5-12-19)

(FeD. 0-1Z-1S)
ORDER FOR HEARING ON PETI-
TON FOR ALLOWANCE OF AC-
COUNT FOR DECEASED EX-
ECUTOR OR ADMINISTRATOR.
State of Minnesota, County of Red
wood. PROBATE COURT.
In the Matter of the Estate of
Christian Petersen, deceased:
On reading and filing the petition
of E. L. Nippolt and M. ]. Foy, re-
presenting among other things, that
they are the executors of the estate
of VIM. G. Frank, deceased, and that
said VIM. C. Frank was in his life
time and up to the time of his death
the representative of the estate of
Christian Federsen above named, and
that he died without having complet-
ed his trust and without having made
and filed his account of his admins
tration of said estate, and that they
Herewith make and file an account Of
the administration of said VIM. G..
Frank, representative of said etsate;
and praying that said account be ex-
amined and allowed and the bonds
men and sureties on the bond of said
VIM. G. Frank be discharged;
1T is THEREFORE ORDERED,
That said petition be heard by this
Court at the Probate Court office in
the Court House at Redwood Falls
in said County on Monday the End
day of March, A. D. 1881, at ten
o'clock in the forenoon of said day;
AND 1T is FURTHER ORDER
ED, That notice of said hearing be
given to all persons interested by
publishing this order once in each
week, for three successive weeks
prior to said day of hearing, in the
Redwood Gazette weekly newspaper
printed and published at Redwood
Falls in said County.
Dated this 3Oth day of January, A..
D. 1881.
ISABELLE HATCH,
Clerk of Probate Court
Redwood County, Minnesota.
probate Court SeaD 31-3ts.