davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-26
Business Opportunities

wants bakery or res.
taurant in new storeroom. HUI. 3271
MAN with implements to tend truck farm
on shares or rent. Southport % R-2.
Milford chronicle., 1931-02-06

More than one hundred of Will
mington's leading retail establish
ments will participate in the Official
Spring Dollar Day, to be held in that
city, Wednesday, February II, 1881,
under the auspices of the Mercantile
Section of the Chamber of Com
mcrcc, it was announced today by
that organization.
This event is the 35th scmi-annual
Dollar Day to be sponsored by the
Chamber of Commerce in Whining
ton. The Mercantile Section of the
Chamber Of Commerce and it's COM
mittces have been working for
months preparing to make this Dol
lar Day the greatest ever conducted
in the city.
Special effort has been made to
encourage uut-Of-town shoppers to
visit Wilmington, February II, and
share in the great bargain festival"
Emphasis is being laid by the MeT-
camille Section on the fact that. only
the stores displaying uniform win
dow cards and price tickets of a dis
tinctive color and bearing the Off
cial emblem of the Chamber of Com
merce, are officially participating in
tho event. Other stores, however,
are unoflicially observing the day.
1t is pointed out that bargains will
not be limited to dollar items. Others
Milford chronicle., 1931-02-06

of higher price, due to the value or
nature Of the merchandise as repre-
sented in every line of the retail
business, are proportionately reduced
in price on Dollar Day.
Explaining the purpose of Will
mingtons Official Dollar Day, Geo.
G. Kaehn, Chairman of the Coopera-
tive Sales Committee, says:
Dollar Days in Wilmington have
become a permanent institution, ar
ranged solely for the purpose of Of
/ fering our local merchants an op-
pOrtunity to demonstrate to the shop
pers from out-Of-town that Whining
toms shopping and merchandising
cilities are thoroughly capable of
giving prompt and courteous service
and honest values in merchandise of
every description. TO gain this OPP
pOrtunity to meet personally the
shoppers of our rural trade area, the
merchant members of the Chamber
of Commerce designate twice each
year dates on which the official Dol
lar Days are held, and offer their
regular stocks of seasOnable mer-
chandise at greatly reduced prices,
which mean material savings to the
shoppers.
So great have been the crowds of
shoppers which thrOng Wilmington's
stores on Official Dollar Days in the
past that practically every store has
been compelled to increase its sales
force to give proper assistance to
customers.
Realizing that thousands of auto
mobile parties of shoppers from
nearby and distant rural sections
will visit Wilmington for the event,
the Mercantile Section has arranged
wit hthe Bureau of Police, Depart
ment of Public Safety, of the City of
Wilmington for special parking priv
ilegeS for visiting shoppers. A
"Courtcsy Parking Coupon" will ap-
pear in the copies Of the whining
ton Shopping Guide" which will be |
distributed during the week before |
Dollar Day. Visitors are urged to
clip the coupon and paste it upon
their windshields. This will insure
that they are extended every cour-
tesy and aid while in the city.
Chairman Arthur ~ Kuschan, of |
the Mercantile Section, comments on |
the event by offering the following |
Milford chronicle., 1931-02-06

ming factories, and juice plant
There is one hotel and one boarding
house. 1t has about five miles OF
concrete streets and side walks.
When the juice plant and bean
factories are working there are
from three to four hundred persons
employed. The other cannery
makes a speciality of canning tOma-
toes.
Strawberry Business In SelbyVillG
Starting the Strawberries, |, d. j.
Long, set out the first half acre
patch in 1871 in the month of Octo-
Der. | paid $500 a thousand for the
plants and set out 5000 plants;
bought them of Robert Bowen then
living near Trap Creek, two miles
from Berlin, Maryland. The name of
the berries was Wilson. Being so
late in the fall they didn't start to
grow. 1t soon started to freeze and
thaW; by that process, when spring
came, my strawberry plants were
nearly all pulled up by the freezing
and thawing and died. That was my
first lesson in the strawberry busi-
ness.
The next year William Morris and
his brother started in the strawber-
ry business, and at that time had
to haul them to St. Martins, Mary
land, for shipment. But after the
railroad was completed down to Sell
byville they began to grow straw
berries more plentiful. They had to
ship them on the market until 1902
and 1903 when the brokers business
started. They would buy the ber-
ries at the station and ship them in
cars. The berry bust
ness has grown from few crates to
of car loads. Selbyville has
become one of the largest shipping
points in the United States for
Dictated by d. J. Long
ADril 30. 1928.
Milford chronicle., 1931-02-06

Memoirs of Mr.. ID. J. Long, age
81 years, dictated to his nephew
when Mr.. Long was in his eighty
SECOND year.
Revised from the original manu-
script by the publisher, for publica-
tion lin the Milford Chronicle, Mil
ford, Delaware, 2 years later.
Sandy Branch in Sussex County,
Delaware, was the site Of what is
now the town of Selbyville and its
environments. The memoirs of Mr..
Long run back for seventy years
to the place and peoples who set
|tleo the town; and whose descend
ANTS brought into being its impOr-
ItaIce as a business center which
came first through turning its
trees OF the forest int, lumber
which vas sold to markets available
in that period, and in later years
creating one of the largest straw
berry producing points in the United
SlatCs, through which its impOr-
tGlce in the commercial world was
attained. All this occurred in the
life span of one man, d. J. Long.
Mr.. D. J. Long during the winters
resides with his daughter in Phila-
deiphia and in the summer they
pass the greater part of tnat sea-
son at his estate near Selbyville,
Delaware. He is tall, straight as an
arrow and active.
The manuscript from which these
facts were taken, mas been much
handled by readers during the past
two years, SO that parts were indis-
tinct, but in the main, it is tram
scrip of Mr. Longs memories Of the
long ago, through Il very active life,
filed with business responsibilities
such as manufacturers and dealers
Of timber in that period were load
ed.
Milford chronicle., 1931-02-06
THE EARLY HISTORY OF. SELBYVILLE De

statement: Nothing has been left
undone, either by the Section as an
organization or by the member-mer-
chants officially participating. The
event has been given wider publicity
than ever before. Special parking
Milford chronicle., 1931-02-06

privileges have been arranged for
our visitors from the rural sections,
and extra sales forces are being en-
ployed by participating merchants
to give attentiev service to the pa
irons. The stage is cOmpIeteIy set
Milford chronicle., 1931-02-06

1t is the desire of every official store
to assure the shopping public that
insurpassable values will be found
in more than one hundred Official
Dollar Day stores in Wilmington on
Dollar Day.
Milford chronicle., 1931-02-06
BUSINESS OPPORTUNITIES
"Amcrica's Newest Industry"


A depression proof business.
that knows no hard times. Does
$500 Il year interest you? You
can make this amount up to S4,-
600 net a year from Il S425 in
vestment, raising rabbits in
your own back yard Or farm for
the Lchigh Packing Co. We give
you Il bona ldc 5-year contract
to buy everything you can raise
on a stipulated guaranteed price
and teach you how to raise
them scientifically All you need
to succeed in this depression
proof business is the determina-
ton to start and the good sense
TO do what we tell you. For fur
ther information write Lehigh
Packing Co., Inc, 1O7 Dime
Trust Building, Allentown. Pa.
do il now" 2-6-1t
Milford chronicle., 1931-02-06
DOLLAR DAY IN WILMINGTON

April 30, 1928
The Washington times., 1931-07-27
SALES BALANCE
LUMBER GUT

Lumber orders for the week
ended July 18 approximately bal,
ance production. it is indicated in
telegraphic reports from 1877 lead
ing hardwood and SoftWood mills
to the National Lumber Manu-.
facturers Association. These mills
gave their total cut as 207, ,743 ,00O
feet. Shipments were approx
mately S per cent below this
figure.
A week earlier 759 mills re-
ported orders IS per cent above
and shipments 6 per cent above
total cut of 184,273,0OO feet.
Comparison by identical mill
figures for the latest week with
the equivalent period a year ago
shows-for softwoods, 449 mills
production 81 per cent less, ship.
mentS 80 per cent less and orders
Is per cent less than for the
week in 1890: for hardwoods PIG
mills, production 81 per cent less,
shipments l3 per cent less and
orders 2 per cent above the vol
ume for the week a year ago.
The Washington times., 1931-07-27

Midsummer dullness rests upon
trade, relieved only by a tourist
traffic reduced in volume, on
the whole, and apparently dis,
bursting less money in holiday
pleasure, according to the Bank
of Montreal current review.
Statistical returns show busi'
ness generally to have reached
the lowest point since reaction
set in two years ago.
Australian Trade Pact
An outstanding event Of the
month has been the conclusion OF
a new commercial convention with
Australia, the terms Of which
promise mutual advantage on a
considerable scale, and whose
coming into force will follow soon
upon ratification by the Dominion
and Australian parliamentS.
Lumber, newsprint and fish In
dustries are given easier access to
the important Australian mar
kets, while manufacturers are
placed on equal competitive basis
with British manufacturers In the
commonwealth.
In the political field there
may be noted the passage Of
legislation for the creation Of a
The Washington times., 1931-07-27
Bic OIL BURNER
GAINS LISTED

Substantial increases in bust
ness for the first six months of
1881 over the same period last
year we're reported by "a leading
manufacturers OF oil burning
equipment at a recent confer
ence of manufacturers called in
Toronto by the American Oil
Burner Association.
The increases ranged from a
few per cent in some cases to as
high as lot per cent in others,
and one large manufacturer re-
ported a 78 per cent increase
over 1929 which was banner
year for the industry.
The increase was attributed to
three factors: an enlarged ad-
vertising campaign: a more Wig
orous merchandising program;
and an improvement in general
conditions.
Increases in newspaper and
magazine advertising ranged from
10 per cent to as nigh as 200
per cent and most Of those pres
ent were inclined to give adver-
tising the major share OF credit
for the improvement,
The Washington times., 1931-07-27
LOSES
EARLY GAINS

NEW YORK, July q Q.N.So
After making an opening display
of firmness on higher-than'ex-
pected Liverpool cables. the New
York cotton market during the
early trading today Immediately
lost the slight gains, and at about
the noon hour sold at net losses
of about half dozen points.
Selling after the first call was
scattered, but continuous, and
was ascribed as being prompted
by prospects of clearing weather
in the cotton belt.
At midday, october sold at 8.95,
off 7; December at 9.18, off g.:
January at 9.28, off 8; March at
9.48, off 4, and May at 9.65, off 5.
Trading was moderately active
and somewhat mixed. Selling
came from Wall Street. wire
houses, spot firms, and the South.
Commission houses liquidated dis
tant months. There was some
scattered covering and also some
price-fixing for Liverpool and the
Continent. The trade bought dis
tant months.
Overnight showers were con
fined to the Eastern belt, and
while showers were predicted for
the Eastern and Central sections,
generally fair weather was fore,
cast for the Western belt.
The Washington times., 1931-07-27
Summer Slump Holding
Sway Over Canada

new tariff board clothed with
wider power, the withdrawal OF
income tax changes announced
by the finance minister in his
budget speech, and the adoption,
without material alteration, OF
the new tariff rates designed to
protect domestic industries.
Wholesale Trade Easy
Wholesale trade and manu-
featuring output is Of moderate
dimension, although textile and
boot and shoe industries are fair
ly busy. Car loadings Of all com
modities continue to run below
last year, and bank clearings I'e-
fleet the general contraction.
The capacity Of hydroelectr1c
plants. despite the many adverse
factors. continues to expand.
Shipping is dull and unproflt-
able by reason of the slow move
ment of external trade.
The Washington times., 1931-07-27
MEXICAN LABOR
CODE OPPOSED
BY CAPITAL
Group Fights Project Now in
Congress, Laying Economic
Crisis to Underproduction

MEXICO CITY, July 27.-De-
claring that at a time when I'M
Reproduction is causing an eco
nomic crisis in the country a labor
code that is not unfavorable to
capital or any other interests
should be adopted, a group rep
resenting employers of the re.
public. headed by Hilarion N.
Branch. sent congress q memo
randum setting forth objections to
the labor project as it now Is be-
fore the legislative body.
Thought Portes Gil Code
This was the first appeal Of
large proportion made by capital
interests against the labor code,
and was made after sweeping
changes favorable to labor had
been adopted by the special labor
law commission of the chamber
of deputies following numerous
complaints by labor interests.
The so-called "PorteS Gil code,"
which was unsuccessful in 1929,
and was not draStically different
from the present measure, was
vigorously opposed by employers.
Arguing that the code, if passed
in its present form. would occa-
sion heavy additional expend1-
lures on the part Of industries,
and hence further reduce produc-
ton, the group presented a pic.
ture of industry as they see it.
Thousands JobleSs
The mining industry, accord
ing to figures presented by the
group, totally suspended more
than 20 mines in 1880, leaving
$4,000 men jobless.
The petroleum industry in 1880
brought the Government revenues
amounting to only per cent Of
those in 1922, and has added
$4,000 to the unemployed army.
The textile industry has re-
duced its week to three and four
days and has 5000 unemployed.
Hit JOB Indemnity
The employers group attacked
especially the provision demand.
ing that employers pay one
months salary for eveSy year Of
service in addition to the regular
three months advance salary, to
employees dismissed for unSpeci-
fled reasons.
The Washington times., 1931-07-27
Financial Neus Stocks, Bonds COMMODITIES and Co
Importance of Gold Flow
In Commerce Shown

many could hold plenty of gold,
it would be worth 1913 cents.
Poor Customers
The more gold these countries
lose, or the more they tend to lose,
the less their money is worth.
The less their ability to buy be-
comes.
So they become poor customers
for our products. and poor debt.
OrS for our loans. We suffer as
exporters and as investors In their
bonds.
Does No Good
We may have all the gold in
the world, but If other nations
have too little it does us no good.
Ordinarily a nation gets gold
by selling it's raw products, man,
ufactures. etc. It's exporters draw
bills Of exchange on foreign pur-
chasers. and when these exceed
the bills drawn on them, gold
comes in.
Rich Hide Funds
To the extent that our tariff
and the French tariff prevent
Germany and England from sell
ing to us. they prevent those
countries from getting and keep,
ing the excess gold we have.
Also when the government OF a
country is threatened and reVolu-
ton is feared, its wealthy people
ship their funds out and that
tends to make it lose gold. This
illustrates one reason why we are
so concerned about maintaining
the German republic.
We have been trying to keep
our bank rate so low that gold
will not be attracted here. In
various ways, we are artificially
postponing or reducing our de-
mands for funds from Germany
and England. But for a perIna'
nent remedy we must
l. Greatly reduce our tarift.
2. Help them to stabilize their
political situation, and :. =. -,
3. Ultimately extend lOng-term
loans through bond purchases.
So far, about all we have &C
complished is little progress uLl'
der the second head.
The Washington times., 1931-07-27
NET FOR B. & D.
STILL DROPS

Baltimore & Ohio Railroad co.
operating revenues, it reports to-
day, were $l3,7l7,374 in June,
which compares with $l7,902,6O3
for June last year, a decrease Of
$4,185,024. Operating expenses
were $9.971 ,965, as compared
with $l3,196,O30.
Net operating income after de-
ductions for tax accruals. uncol-
lectible. etc. was $3,082 903. as
against $3,693,677 in June last
year, decrease of SCOTIA.
First six months revenue this
year was $82,352 1893, a decrease
of $24,091, 1892 from last year,
when it totaled $106, 6,444,285. Ex-
penses were S64, 4,685,11 a reduc-
tion of $17.23O.164 from 1880
when the first half year opera.
tions cost $81 ,9l5,274.
Net income for the six months,
after deductions, was 1l,528,249,
which compares with $l7.722,855
for the 1880 period. a decline Of
$6,194,606.
The Washington times., 1931-07-27
BY LEWIS HANEY
Director New York UHiVersity, Bureau
Of Business Research

Director New York University. Bureau
Of Business Research
One of the E~Sortant lessons
we are learning these days Is that
gold alone cannot make business
good, Another lesson is that With
q given total amount of gold IN
the world, it is very important
how that amount is distributed
among the various nations.
We have far more gold than
we need, and the metal has kept
coming to us. France also has
more than she needs, and keeps
on adding to her boards.
England Losing
But England is losing gold, and
Germany has lost so much that
she has been forced virtually to
suspend payments.
EnglandS gold reserves have
fallen to the danger pG:nt. She
has shipped over $l0O,UOO,OOO In
cold since July l3. AS a result
the Bank of England has raised
its ClaTBS lOI CACChNAAS VI -
Chat is, its discount rate) full
per cent.
This makes the English rate
3Ia per cent or 2 per cent more
than the New York Reserve
Banks rate. The German rate
is much higher still.
Pound Threatened
Today in all important coun
tries the value and integrity OF
money depends on gold. What
a dollar, pound, mark, or franc
is worth, depends on the amount
of gold back of it and the abil
ity of the banks to supply gold
in exchange for it.
There is no question about the
dollar and the franc, but the
pound and the mark are threat
elNd.
This is what we mean when
we say that sterling exchange
and German exchange rates are
low. The pound now exchanges
for only $4.84A, while if England
had plenty of gold the pound
would be worth about $4863s.
The German mark exchanges
for only % cents, while il Ger
The Washington times., 1931-07-27
STUDEBAkER'S s
NET JUMPS

The net profits of the Stude
baker Corporation and subsidiary
companies. after reserves for
Pierce-ArroW minority stockhold
ers' interests, for the quarter end
ing June 80, 1881. were $1,2l9,-
sos 80, as compared with $9l5.
274.96 last year, a gain of
1904, ,33O.34, or 1873 per cent. The
amounts remaining for Stude-
baker common, after preferred
dividends, were 56c per share this
year as against 4lc last year.
Net profits for the first half
were $2,O29,354.97 this year as
compared with $2,258,702.17 last
year. These provided 91c and
$1.O3, respectively, for the COM
mon stock.
Sales in units were larger in
the second quarter than they were
last year, but the amount of sales
was 1876 per cent less. This
means, of course, that our ratio
of net profits to sales was con-
siderably better in the current
quarter, the result Of economies
effected in the meantime. In
addition, larger reserves and alb
sorptions were deducted from
earnings this year.
The financial position Of the
substantial improvements since
corporation as Of June 80, shows
January l in quick assets, work
ing capital, and in reductions OF
property investment account, cur
rent liabilities, minority stock in
terest, and Studebaker preferred
stock.
Working capital was increased
to $2l.484 ,974.79 from $19, 9,438.-
646 so, with raio of quick assets
to current liabilities of 568 per
cent, the best in IS years, and an
improvement Of 100 per cent
from January l, 1881.
All bank loans were paid off
during the period.
The Washington times., 1931-07-27
AMERICAN TANK
, PROFITS Up

The General American Tank
Car Corporation and its Subsidia-
ries showed an increase in earn
ings during the second quarter
of this year despite general trade
conditions. Net income, after all
charges, totaled 1921 900, COM
pared with $1,2O4, 900 in the first
quarter of 1881.
This is equivalent to $l.55 a
share on the no par capital stock
outstanding, against STAT share
in the preceding quarter.
The first half of 1881 net earn
ines amounted to $2.475 900. or
$500 a share. This is over 50
The Washington times., 1931-07-27
ACTION ON CURB
MEANINGLESS

NEW YORK. July 81 0.N.S).
The curb market held its position
in rather encouraging manner to-
day, with an utter lack of prcfes-
Sional interest, resulting in a gen.
orally meaningless set Of price
changes.
Utilities as a group ruled firm.
Electric Bond and Share moved
up from its low of 367s TO 37}2,
for a net gain of 3s. American
Gas and Electric was 20 higher
at 6434. and fractional price i'm
provement also was noted in Con
solidated Gas of Baltimore and
United Light and Power.
Cities Service backed and filled
at but slight deviations from last
weeks closing level. holding un-
changed at 10A for the greater
part of the day.
Parker RuStproof was m out
standing strong spot in an lrresu-
lar speciality group, with a single
transaction carrying it to 30, up
points from its closing sale OF
last week. Western Air Express
rallied 1A points to 13, while in
the more active favoriteS, such as
Ford, Ltd, and Woolworth, It'd,
nominal price improvement was
in order.
Oils we're irregularly higher,
with Vacuum up "a at "A, and
Standard of Indiana up ss at
2424. Standard of Kentucky was
a trifle easier, however, Saggl1g
3s to 1872.
Investment trusts held approx
mately unchanged, with only &C
tive issues such as Goldman
Sachs and United Founders, put
ting in, an appearance.
Curb bonds were dull and for
the most part steady.
The Washington times., 1931-07-27
RGiLLUGy Clerks Hit
Merqer of Central

Protest of the merger Of the
New York Central railroad with
the Michigan Central and Cleve-
land, Cincinnati. Chicago and st.
Louis was made today by r. j.
Chapman, vice president Of the
Brotherhood of Railway Clerks,
on behalf of his organization be-
fore G. Wallace Hanger, Of the
United States Board Of Mediation.
According to Mr.. Chapman.
more than $50 men will be af-
fected by the merger, many losing
their jobs.
The Washington times., 1931-07-27
fixing the allowable oil production

fixing the allowable oil production
In east Texas is null and void.
Three judges of the Federal dis
Nict court sitting at Houston in
an opinion written by Judge J. C.
HutcheSon, of New Orleans, so
held in an opinion filed with the
Federal district clerk.
With three judges sitting, it is
equivalent to a circuit court de
. alsiOn.
In its pretense of present physi-
cal waste of oil and gas the
Texas railroad commission has by
its proration order sought to raise
the price of oil, the opinion holds.
Judge Hutcheson declared the
judges had been unable to find
any legislative pronouncement in
support of the order the commits
sion undertook to enforce.
This policy of artificial forcing
of prices by governmental action,
in cooperation with those in the
oil industry interested in raising
prices. by either stimulating de-
mand or keeping supply in
bounds, has never been attempted
by the legislature.
Forbidden by Law
On the contrary, it has forbid
den by positive penal laws the
application of such artificial
stimuli through private concert
and arrangement, the opinion
said.
Whether the legislature c ou d
lawfully have exercised this power
the court did not attempt to de-
eide, but it said the legislature
has flatly withheld from the rail-
road com mission power to exer-
else such control.