davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1932-06-22
By LEWIS HANEY,
Director of New York University b
reau of Business Research

reau of Business Research
In view of the qualification
expressed by unnamed bankers
on account of the withdrawal by
foreigners Of large part OF
their balances here, it is inter
esting to examine the last bank
statement.
This shows our total monetary
gold stock reduced to $4,000, ,OOO
last week. Gold reserves of the
Reserve Banks were off $65,0OO,
600.
Ratio Still Falling
The Federal Reserve ratio again
declined, falling to 57.9 per cent.
This is the lowest ratio reached
during the depression. 1t is, in
fact, the lowest since May, 1921.
No one knows exactly what is
the limit of safety in the IRE.
serve ratio" but I have been in
clined to regard IS as a pretty
low ratio for this country. At
least the present ratio is getting
down toward levels which sug-
gest the need of caution in fur
ther expansion of Reserve credit.
The ratio fell to the low 40s
in 1921.
The decline in the reserve ratio
resulted partly from loss of gold
and partly from increased issues
of Reserve notes. The total de-
pOsitS of the Reserve banks were
little changed.)
Note Issues Expand
The note issues in circulation
showed an expansion of $18,000,-
900. Since there is less gold in
reserve. it is evident that this
manufacture of more notes means
that the Reserve banks are put.
ting more Government paper back
Of their own paper.
They are more and more re-
sorting to the provisions Of the
Glass-Steagall bill.
Money in circulation" in
creased Is millions. According to
the way it has been common to
reason, this may indicate an in
crease in boarding, or it may
mean that the considerable bank
failures of late have required
The Washington times., 1932-06-22
BOTTOMS
SET BY WHEAT

CHICAGO, June % d.N.SD.
Wheat prices dropped another
cent in early dealings today, with
all deliveries recording new lows
on the crop. July sold at 46Bc.
Scattered selling found trade
sentiment still bearish and buy
ing interest restricted by the new
tax. At mid-session values were
" to 5sc lower or steady with
the opening.
Other grains showed little
change in extremely dull trading.
Corn was steady to Ac lower,
oats unchanged to Zee down and
rye 1ac off.
Grain news was colorless.
Liverpool was 11s to 13sd lower.
Weather over the belts was
clear, with higher temperatures.
Estimated carlot receipts were;
wheat, 10; corn, %, and oats, As.
The Washington times., 1932-06-22
Bonds Are Offered
For San Francisco

Formal offering Of $6,836, 600
City and County of San Fran
cisco bonds is being made by a
group headed by the Bankers
Trust Company.
The offering consists of $780,
900 Az per cent bonds, due July
2, 1942-1953 and July l, 1852
1877, at prices to yield 5 per
cent; $1,152,00 per cent bonds,
due June /. 1964-1971, priced at
991a to yield about SOB per
cent; and $4,325, 900 5% per
cent bonds, due June /, 1889
1854, at prices to yield 500 per
cent.
The Washington times., 1932-06-22
Columbian Coffee
Imports Increase

Imports of Colombian coffees
into the United States continue
to show an appreciable gain over
last year. according to figures
just released by the United
States Department of Commerce.
Imports in four months ended
April 80 totaled 124,623, 1854
pounds as compared with 102.-
754,004 pounds during the same
period in 1881, or an increase Of
81 per cent.
The Washington times., 1932-06-22
Rail Bond Values
Cut NeGrLu IN Half

Although the long decline in
railway bond prices is a matter of
general knowledge, probably few
realize the magnitude of the
depreciation, says the Standard
Statistics Company, Of New York,
in a bulletin which continues:
"The funded debt Of 68 lead
ing carriers has a par value Of
. $1O,776,O78, 900, whereas the ap-
prOximate current market value
Of these obligations is $685.
$4,000 or only 53.2 per cent of
DaP. .''r L. ~. 's~"" -. ...
The Washington times., 1932-06-22
Bdncan1ericd-BLdir
Par Is Reduced to 81

Following a special meeting of
Bancamerica Blair Corporation
held today, Robert c. Adams,
vice president, announced that
by the unanimous vote of stock
holders present in person or by
proxy approved the proposal for
a reduction in capital stock from
$14,710,120 to $1,471,012, and a
reduction in the par value of the
shares from $40 per share to 81
per share.
The Washington times., 1932-06-22
ONTARIO GOLD OUTPUT

Ontario gold production in May
was the highest ever recorded,
with all producing areas report
ing increased output over previ,
Gus months. Output Of gold ore
totaled 469, ,622 tons with gold
bullion recovery at $4,079,320,
against 447, $50 tons Of ore and
recovery of $3,813,989 in April,
and 419,368 tons and $3,346,147
in May, 1881.
The Washington times., 1932-06-22
CLOTH MARKET QUIET

NEW YORK, June 20 (IN.sD.-One
of the quietest days of recent weeks
market today, Not an important
change in price came tn the notice of
buyers. since those who held for Nc
more than others on certain construc-
tionS maintained their advances in view
of the lack OF serious testing through
larger inquiry,
The Washington times., 1932-06-22
CHICAGO LIVESTOCK

CHICAGO. June % U.N.s.).-Hogs-
$4,000; strong. Top, $4.1O; bulk $50
o.; medium, ss.75@4.1O; light, $3.50
44.10; light lights, $3.6564; packing
sows. $2.SS @S.5O; pigs, $3.25 @S.75. Hold
overs, 1000
Cattle-s,OOO; steady. Calves, 1000;
steady Beef steers. good and choice,
$6.5OQs; common and medium. $500
$50; yearlings. $55O9s Butcher cattle:
Heters. $4@6.75: cows, $37504.75;
bulls. $2.75@4; calves $5@65O: feeder
steers. $4.25@6; stocker steers. $40 5.59;
stocker cow and heifers $394
Sheep-1l 900: steady. Medium and
choice lambs, $697 culls and common,
S4@S; yearlngs $49525; common and
choice ewes. 31.5O92,5O: feeder lambs,
S45o@5.
The Washington times., 1932-06-22
BULOVA WATCH co.

Officials of Bulova Watch Com
pany, Inc. at the annual meet
ing of stockholders, stated that
the company has enjoyed good
business during June in antici-
patton of the putting into effect
of the new Government tax of
10 per cent on watches. Direc-
tors and officers were reelected.
The Washington times., 1932-06-22
CHEEKY Notes
On Business

American Brass Company
reports increased bookings.
Reading Company May
net better than last year.
Two firms get big mail
truck orders.
Connecticut Electric profit
holds level for year.
Big drop reported in gasO-
line stocks.
The Washington times., 1932-06-22
HARD COAL JOBS DIP

Anthracite employment in Penn.
sylvania showed a decline of 4.5,
per cent and payrolls 1875 per-
cent from April to May, accord,
ing to the Anthracite Bureau Of
Information from 157 collieriec
employing over 10000 workers.,
whose weekly payroll in May
amounted to more than $2,300,--
600.
The Washington times., 1932-06-22
WASHINGTON STOCKS

Washington Gas 6s A, $l0O
@9812.
Potomac Electric 512s pfd.,
10000. 10000, 100 102. SO 102.
Potomac Electric IS pfd., 10
k0InQlL
The Washington times., 1932-06-22

9% AZ zonite Prod C6O).. SIS ~ AZ Il
(a) Optional stock cash. (b) Partly
stock and cash (d) Extra Including
f) S-6Oths of share in stock Paid 1881.
able in stock. () Paid AA) 1919 in stock
(ww) With warrants. (xw) Without 90
dividend % Exrghts
Dividend rate in dollars in parenthsSss.
dividend Ex
The Washington times., 1932-06-22

Canada
New York funds in Montreal $137.50
premium at $1,000. Montreal funds in
New York, 1880 discount at $1,000.
The Washington times., 1932-06-22
Foreign Bonds

Bohm @ wk 7s.....
Buenos Aires 7hs..
Cent Blk Germ IS A
Cent Blk Ger 6s IS b.
Comm & P Blk 5Rs.
Eur Inv Mtg Is C.
Germ Con Nun Is.
Gesfeuerel 6s xw...
Ital Superpw SIS XIV
Prussian e SIS.
Ruhr Gas Co 6I5s A.
The Washington times., 1932-06-22
FOREIGN EXCHANGE

NEW YORK, June % GN.sD.
The Washington times., 1932-06-22
TODAY'S QUOTATIONS ON THE NEW YORK STOCK EXCHANGE

Prev. 1913 Name ana
High Low Dividend Rate
Smyrna times., 1932-02-03
CORRESPONDENTS
Continued From Page Eight

Luff spent a visit last week with
Mr.. and Mrs. Franklin Luff, in
Montchanin.
Mr.. and Mrs. Samuel Smellzer,
of Wilmington, were recent guests
of P. L. Barcus and family.
Mrs. Alice Reynolds, of Wyom-
ing, has been spending several days
of this week with Mrs. Elizabeth
Emory.
Mrs. S. E. Pearson spent a visit
last week with Mrs. j. H. Ander-
son.
Mr.. and Mrs. Caleb Boggs, of
Baltimore, were recent guests of
his parents, Mr.. and Mrs. E. j.
Boggs.
MIR. Irving Emory and family,
of Dover, were recent guests of his
mother, Mrs. Elizabeth Emory,
and Mr.. and Mrs. Denney Morris.
Mr.. and Mrs. John Cantwell and
Mr.. and Mrs. Morton Grant and
son, of Chester, were recent guests
Of Mr.. and Mrs. William S. Can't
well.
Smyrna times., 1932-02-03

ProIihc Plant
A single ragweed plant may prs
duce more than $4,000 seeds.
Smyrna times., 1932-02-03

Misses Helen Semans and Lii
liam Moore weer recent guests of
friends in Harrington.
Roland Porter has been visiting
friends in Harrington, Del.
Mrs. Eva Marvel and son War
ner Porter, were recent guests of
friends in Wilmington.
Mrs. John Walker of near Mas
sey, spent visit with her aunt,
Mrs. S. Edna Jones last week.
j. H. Blackiston has moved to
the Thomas Edwards filling sta
ton at Massey where he will have
full charge.
Paul Gowman is filling the
clerkship at the American Stores
made vacant by Mr.. Blackstone
resignation.
Lemuel Davis has opened a barb
er shop in the Ahern Building in
Wilmington.
E. T. Stevens spent a visit with
friends in Marydel.
Miss Leona Phillips is quite sick
in the hospital in Wilmington.
Mrs. Walter Strawn and Mrs.
Hynson Beck, of Chestertown, and
Mrs. Amy Brice, of Baltimore,
were the recent guests of DR.. and
Mrs. Merritt Brice.
Miss Elva Reese, Of Washington,
d. c., was a recent guest Of her
parents, Mr. and Mrs. William
Reese.
Miss Helen Vansant has return
ed from a visit with her brother,
Albert Vansant, near Clayton.
Mr.. and Mrs. Edward Stouffer,
Of Rock Hall, has been visiting Mr.
and Mrs. Fred t. Lee.
Mr.. and Mrs. Robert Rolph of
Wilmington, were recent guests of
his mother, Mrs. Clara Rolph.
Mrs. Harvey Brice and children
were visitors last week of her sis
ter-in-law, Mrs. Spencer Stevens.
Miss Louise Jones spent the
past week the guest of friends at
Reistertown, Md.
Smyrna times., 1932-02-03
DOVER
Some Items of Personal Doings
Noted About the State Capital

Dover, Feb. 2 At a supper
meeting of the Business Girls Club
at the apartment Of Miss Martha
Good, Miss Marie Arts was elect
ed as delegate to the mid-winter
conference Of Business and Pro
fessional Women's Clubs of the Y.
w. G.. A. to be held at Williams
port, Pa, February 20 and p.
Mrs. Charlotte Grey Webb is an
alternate.
Mrs. F. NJ. Young entertained
several tables Of cards, Tuesday
afternoon of last week, at her
home on the Green.
Over 100 attended the benefit
card party, Thursday evening, OF
the Palmer Home Auxiliary, held
at the Century Club rooms on the
Green. Mrs. William p. Richard
son was chairman of arrangements
and Mrs. Hale Harrison, of the
prizes. The latter were two decks
OF cards to a table and were donat-
ed by New York, Philadelphia Viii.
an.ngton and Dover merchants.
Robert j. Ferguson, who receiv.
ed severe injuries in an automobile
accident in October has recovered
sufficiently to go out awhile eacf
day.
Mrs. Sarah F. Tutherty, Of
Laurel, and DR.. and Mrs. Thoma.
Chambers, of Baltimore, spent las
weekend with Mr.. and Mrs. Jane.
B. Bice, Jr.
Mr.. and Mrs. Charles t. Jackson
are entertaining over the weekend
their cousins, Mr.. and Mrs. Altar
Dill, of Baltimore. Tomorrow ev
ening the Jacksons will be hosts al
buffet supper in honor of then
guests and those of Mr.. and Mrs
Bice.
Franklin Wise and Sites Nc.
Daniel are home from Lehigh Uni
versity, Bethlehem, Pa, to spend
Smyrna times., 1932-02-03

several days of mid-year vacation
with their parents; Mr.. and Mrs.
James w. Wise and DR.. and Mrs.
Joseph S. Mcdaniel. They arrived
Thursday.
Mrs. Sarah F. Lutherly, of
Laurel, who was the recent guest
of Miss Jessie Harrington, spent
several days the first of last week
with Chancellor and Mrs. Josiah O..
Wolcott. Monday evening the
Wolcotts entertained at dinner for
the visitor and Tuesday evening
Mr.. and Mrs. George E. Dawson
were hosts to few friends at din
ner at their home or North State
street.
Mrs. Joseph S. Mcdaniel, Mrs.
John P. LeFevre, Mrs. Charles t.
Jackson, Mrs. Cahall Supple, Mrs.
r. Lindale Frazier and Mrs. t.
Marvel Gooden, Jr., motored to Re
hoboth, Thursday, and were lunch
con guests of Mrs. Richard Bond,
of Wilmington, at her cottage at
the resort.
Miss Edith Sypherd, daughter of
Mr.. and Mrs. c. Burton Sypherd,
was taken to the Jefferson Hos
pital, Philadelphia, Thursday, for
observation and treatment of the
ear Her parents accompanied
her.
Mr.. and Mrs. G. Leslie Gooden
entertained at dinner Monday ev-
ening of last week at their home
on Delaware avenue in celebration
of the birthday anniversaries of
their daughter, Betty and Mrs.
Gooden's mothers, Mrs. William
p. Satterfield.
Mrs. Milton Steinmetz is ill with
pleural pneumonia and has been
removed to the Kent General Hos
pital.
Smyrna times., 1932-02-03

THE SMYRNA TIMES is an independent
paper devoted to the welfare of the town
IL represents and the State of which II
is a part. 1t also gives the items Of
Importance of the Eastern Shore of
Maryland.
ADVERTISEMENTS Smyrna Times
u tie business medium not only for the
town it represents. but for the cdtlying
district of which it is the center. en-
bracing the towns of Clayton. Kenton.
Cheswold. Townsend. Leipsic, &c. A rate
OF so cents per inch an insertion charg-
ed for transient advertising. Season or
yearly display advertising rates quoted
on application. For Sale. For Rent.
Lost and Found advertisements occupy
ing one inch space or less. a minimum
charge of SO cents per insertion. Public
Sale advertisements rs cents per inch
first insertion and so cents per inch for
each subsequent insertion. Locals and
Reading Notices. is cents per line per
issue.
Smyrna times., 1932-02-03

All things considered, the
farmers of Delaware, if their
efforts are diversified, should
be better off than most Of the
agriculturistS in other COM
munities. The favorable 10
cation Of the peninsula and its
powers of production are all
that could be desired. We are
near the big markets. And it
is stated that the Sussex
county agent this year plans
to promote the disposal Of the
products rather than the
mere production itself Of
growth. There is no trouble
about raising various things
in this land, but there is a
wide chance for improvement
in marketing. And in the end
proper marketing and the
business side of farming
count a great deal. A pro
gram along the line of agri-
cultural economics therefore
should be attractive to those
concerned.
Smyrna times., 1932-02-03
CATTLE

Head of MICH COWS, two-year-old
Heifer, one-year-old Heifer. Bull, 10
years old, pure-bred Holstein. Z head are
milking good. one will be fresh March LIST.
All the above are clean. healthy cattle and
are an Accredited Herd. Last test Janu-
airy 10. 1882. listed no reactors.
FARMING IMPLEMENTS, &c
New Ideal Manure Spreader. fair condi-
ton; Moline Riding Pillow. Ohio Riding
Cultivator. fair shape; Iron-frame Drag
Harrow, Wood-frame Drag Harrow. To-
mato Body and Springs. 63-basket ca
pacity:; large Feed Box. holds I-2-ton
feed. Hand Cultivator. 2 Hay Riggings.
Farm Wagon. good as new; Dearborn,
good as new Road Cart, used very little :
Model Il Ford Sedan. AL condition.
HARNESS Wagon Harness, 2 new
Breast Straps, 8 good Collars. 8 Work
Brides. Several Cow Chains, l. 2. 8. and
4-horse Trees.
HOUSEHOLD GOODS Such as Bureau.
Mating, Linoleum. Chairs. Bedsteads. 8
Milk Cans. 50-lb. capacity.
TERMS-On all sums of $2O the cash
will be required over this amount credit
of ten months will be given by purchaser
giving bankable note with approved Sc
curity. No goods to be removed until
terms are complied with.
III. c. REfHM
r. W. Slaughter. Auctioneer
F. C. LeCompte, Inside Clerk
Walter l.. Marker. Outside Clerk
The Ladies' Aid of Delaney's Church
will serve lunch. No other stand allowed.
Smyrna times., 1932-02-03
SUDLERSVILLE
Items of Personal and Social In
tereSt Cleaned About Town

DereSG Cleane0 ABOUT TOWN.
/ Sudlersville, Nd, Feb. 2. While
playing Soccer Ball at Church Hill
Mr.. Charles Weller fell and broke
his leg. He was removed to a
hospital where the fracture was
reduced. Mr.. Weller was playing
in a game between Sudlersville and
Church Hill.
Rev. c. w. Clark and Professor
Kenneth Baker We're recent guests
at the Centreville Rotary Club.
Later in the evening they motored
to Greensboro, Nd, where they ad-
dressed a group Of men at a
Brotherhood organization.
Mr.. and Mrs. I. NJ. Redden spent
one day recently with Mrs. Red
den's sister, Miss Mary Chance,
Girard College, Philadelphia. Miss
Chance has been very i'll with
pneumonia every since Christmas
but is now much better and left
Philadelphia last Friday for At
lantic City where she will remain
for a two weeks stay.
Miss Emma Gillespie and Miss
Gertrude Goodhand entertained a
number Of friends at a dinner
party at the home Of Miss Gillespie
last Thursday evening.
After being confined to the
house for the past three or more
weeks with an injury to his back,
Mr.. Noble Hardesty is able to be
out again.
At the last meeting Of the
Brotherhood Of Calvary M. E.
Church the following officers were
elected. President, Mr.. G. w.
Stevens; Vice President, Mr.. Scott
Starkey; Secretary, Mr.. Linwood
Everett; Treasurer, Mr.. Frank
Walraven, and Charge of Uhers
Mr.. Robert Clendenning. They
also voted to hold meetings regu-
larly the 3rd Monday evening Of
each month. This is a new mems
organization of Calvary and all
men of the congregation are ask
ed to join and take part worth
while meetings will be arranged.
Mr.. and Mrs. William t. Roe
were guests at a dinner party,
Saturday evening at 'Moorebrook"
Chester, Pa, the home of Mr.. and
Mrs. ]. E. Longbotham, Jr.
T &C.. fcft
friends near Milford, Del, last
week.
Mr. and Mrs. J. H. Peters enter
tanned recently, Mr.. and Mrs.
Scott Hazel and daughter, Miss
Elva Hazel, Prospect Park, Pa.
They also had as dinner guests,
Mrs. Sarah Wallace, Smyrna, Mr..
and Mrs. Alan S. Walls and daugh-
ter, Harriet, Mrs. Margaret T.
Coppage and Mr.. and Mrs. Will
liam T. Roe.
Mr.. and Mrs. Noble Hardesty
had as their recent guests, Mr..
Hardesty's brother, Mr.. Felix Hard
esty of Roanoke, Va, Mr.. and Mrs
Hardesty entertained few friends
at cards last Tuesday evening, in
honor of their brother.
Mr.. and Mrs. John r. Gillespie
have returned home after an ex-
tended visit with their daughter
and her family, Mr.. and Mrs.James
Jensen, Lansdowne, Pa. While
away Mr.. Gillespie underwent an
operation at the Presbyterian Hos
pital, where he had an eye remov-
ed. He has rapidly recovered
from the operation and is now do
ing nicely.
Smyrna times., 1932-02-03
WELLINGTON
Items of Personal and Social In
terest Cleaned About Town

Millington, Nd, Feb. 2.-Mr.and
Mrs. Fred T. Lee and two daugh-
tiers, Catherine and Margaret, at
tended the funeral of Mrs. Thomas
McGinnis Monday of last week
from her late home in Rock Hall,
Md. She was buried at Sudlers-
vile, Rev. Grant, of Rock Hall and
Rev. Worth, of Philadelphia, con-
Quoted the services.
Miss Elizabeth Semans visited
Miss Eunice Starkey, of Sudlers-
vile, last week.
Smyrna times., 1932-02-03

Entered at the Post Office at Smyrna. Del
aware. as Second Class matter.
Subscription price, SI.50 per year. strictly
in advance.
Smyrna times., 1932-02-03

Published Every Wednesday Afternoon. by
r. ID. HOFFECKER. Proprietor.
Founded by Robert ID. Hoffecker. July s.
1854. Editor and Proprietor until Feb
ruary 10, 1907
Smyrna times., 1932-02-03
Thursday, Feb. Is, '32
at IL O'Clock A. NJ.
4 Head of HORSES

No. JACK. Bay Horse. 10 years old,
good. true worker, in all harness. single
or double.
No. mig, Black Horse. IL years Old
good true worker. in all harness. single
or double
No 3-DOLLY, Bay Mare. IL wears oId
good. true worker in all harness. single or
double.
No. 4 SHERMAN. Gray Colt. 8 years
old. partly broken. works good, a very
PROMISING young horse with size and stvle.
Smyrna times., 1932-02-03
PUBLIC SALE

The undersigned will sell at public sale
on the Donnelly farm at Delaney's Church,
on concrete road leading from Clayton to
Massey. Md. about miles west of Clay
ton on
The Washington times., 1932-11-02
MARSHALL HIGH.
IN MAT CAME

One Of the Vests greatest gifts
to wrestling, Everett Marshall, is
making his first invasion Of the
Eastern arenas and will appear in
the Nations Capital tomorrow
night when he grapples Alex
AberR at the Washington Audi
torium. This will be a 30-minute
preliminary to the Jimmy Londos.
Rudy Dusek duel.
Marshall opens his Eastern
tour in New York tonight where
he tackles Dick Stahl. The giant
Colorado grappler has opposed the
best in the game and has scored
falls over Stranger Lewis, Gus
Sonnenberg, Don George and Dan
Koloff.
The Dusek-Londos encounter
has again ignited the wrestling
passions Of local followers of the
sport. The Auditorium has not
been packed this season, but
there's prospect of this happening
tomorrow night for the customers
realize that any Dusek-LondoS
match Is chock full of thrills.
Chief White Feather, who
rarely protests to the referee when
punched or kicked, engages George
Vassell in the semifinal. Gino
Garibaldi and George Mcleod are
slated for a 30-minute scrap while
Joe Stecher, former champion,
goes on with Ernie Dusek in the
initial tilt at $3.50 o'clock.
The Washington times., 1932-11-02
DAVID STEPHEN FEGAN

Funeral services for David
Stephen Fegan, 76, retired clerk
in the District Assessors Office,
and a resident of Washington for
the past so years, who died Mon
day, will be held tomorrow morn
ing at 9:45 o'clock at his resi-
dence, 1000 block Fifth st. N. w.
Requiem mass will follow at 10
O'Clock at st. Gabriers Church,
with burial in Mount Olivet
Cemetery. ~
A native Of England, Mr.. Fegan
came to washington when he was
16 years old. For 20 years he
worked for the McDermott Car
riage Co., later establishing his
own carriage business. He re-
tired from his position in the
District Assessors Office one year
and a half ago, after working
there several years.
Surviving are his widow, Mrs.
Cecily Fegan; two sons. John d.
and David Fegan, of this city,
and a daughter. Mrs. C. c. Hook
man, Of Boston.