davidaulloa/AmericanStories huggingface dataset:
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1938-09-23
REDEEM

Next Sunday at McColley's Chapel
there will be Sunday School at ten
O'Clock, Harvey E. Penuel, the super
intendent, requests you all to be pre-
sent as we are preparing for an all
day program. The following Sun
day, which will be October End, the
services will be as follows: At 10
o'clock. Rally Day services. At 300
o'clock, preaching by our pastor, the
Rev. o. B. Rice and at 1880 p. m,
revival services will begin, when the
Rev. Willis will be the speaker.
Mr.. and Mrs. Harvey E. Penuel en-
tertained on Sunday Mr. and Mrs. ].
r. Legates. of RehObOth and in the
evening Mr. and Mrs. Vernon Walk
er. Mr.. and Mrs. William Walton, ST.,
and Mr.. and Mrs. William Walton, Jr.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1938-09-23

Mr.. and Mrs. Fred Payne OF Fed
eralsburg. called ON Mr.. and Mrs.
Earle Robinson on Sunday.
Mr.. w. /. Hubbard joined his
wife at his sons and daughter-in-
law at Newport News. They re-
turned to their home on Monday.
Miss Minnie Adams OF Wilmington
spent the weekend with Mr.. and
Mrs. John Adams and family.
The Bloonery Ladies' Aid will meet
at the Community House on Wednes-
day. Sept. 2S. Mrs. Addie Bowdle
will be hostess.
William Bullock viii give a talk at
Bloomery next Sunday morning; also
Mrs. Nellie Robinson will give a talk
TO the children.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1938-09-23

Mrs. Belle Dutton entertained her
two sons the past week.
Mr.. and Mrs. Robert Clendaniel en-
tertained on Sunday last Mr.. and
Mrs. Thomas Conoway of Cannons.
Mrs. James Townsend and daughter.
Mary, Mrs. Hilda Smith and daugh-
ter, Jean. of Wilmington. also Mr.. and
Mrs. william Clendaniel.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1938-09-23
ADAMS x ROADS

Mr.. and Mrs. Thurman Fountain
spent the weekend with Mr.. and
Mrs. Roy Adams.
Miss Va. HOrsey Of Beaeom's, in
Wilmington, spent the weekend with
her mother, Mrs. Grace Horsey.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1938-09-23
Government Studies
Criticize Margarine Taxes

Within the last couple of weeks
two official government studies have
taken cOgnifiance of the old cam
paign, as waged by certain cream
| cry and dairy interests, to impose
discriminatory taxes on oleomarga-
rine. These combined studies def
nitely indicate that the taxes are
| harmful to the economic structure
of the Cotton South, which produces
cottOn-seed oil and other farm pro-
ducts used in margarine, and that
they are of but little benefit to the
creamery and dairy industries.
The U. S. Department of Agricul-
ture, in its THE Dairy Situation"
release of August 16, spikes once
and for all the often asserted con-
tention that every pound of marga-
rine used displaces a pound of but
ter. 1t also declares that there would
only be a very small increase in the
price of butter if the sale of marga-
rine were completely eliminated.
1.-THE Dairy Situation" release de-
clares that primarily because of the
price differential between butter
and margarine, they are not directly
competitive, and that the elimination
of the sale of margarine would re-
suit in but very small increase in |
butter consumption. Furthermore,
since the United States now con-
sumes all the butter it produces, it
is contended that the increase in
butter consumption would bring
about increased imports and produc-
ton of butter. These increases in
supplies would tend in large part to
counterfeit any temporary price in
creases caused by the new demands
for butter.
Just prior to the release of 1.-The
Dairy Situation" study, the National
Council, in submitting
its report to the President on Eco
nomic Conditions of the South,
called attention to the fact that
The further development of cotton
seed oil for oleomargarine and kim
bred products has been hampered by
taxes, licenses and other restrictive
legislation not only by States out
side the (sOuthern) region but also
by the Federal Government"
The Department of State and Sec
rotary of Agriculture Wallace, in
two other but less recent statements
on the margarine tax question also
belittled the taxation of margarine
as an aid to the dairy industry. The
of State declared that If
were completely elimi-
mated the price of butter at best
would increase only very slightly,
and Secretary of Wallace, in an adj
dress before dairy farmers at SYRIA
cuse, N. Y, asserted that mo de-
gree of agitation against butter sub
stitutes will turn the tide"
None of these studies has taken
into consideration the stake of the
in the margarine tax
save the report Of the Ma
tional Emergency Council noted the
stark want of an adequate diet on
the part of many consumers in the
South. There are millions Of others
In like want in other parts of the
United States. It seems the height of
folly for the Federal Government
and many States to impose discrim-
Inatory taxes on margarine. low
cost but highly nutritious food pro-
iuct. when it is greatly needed by
consumers and its sale
ioes not greatly affect the creamery
md dairy industries. Especially
when margarine is made of pro-
iucts produced on American farms.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1938-09-23

The City Of Milford will prosecute
TO the full extent Of the law any per-
sons found attempting to climb the
ladder on the new water tank.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1938-09-23

If you take trip this Weekend
be careful-keep down the accident
rate, and make Delaware highways
the safest in the country.
Evening star., 1938-02-11
EXCHANGE WEIGHS
MEMBERSHIP CUT
Committee Will Consider
Plan for Retirements
Over Period.
By the Associated Press

B, the Associated Press.
NEW YORK, Feb. 1.-THE New
York Stock Exchange yesterday broad
ened the scope of its proposed inter-
nal reorganization by moving to con-
slider reduction in the number Of
members
Acting on resolution Of the Gov
erning Committee, Charles r. GAY.
president, appointed committee of
three members to study the feasibi-
ity of formulating plan for retire
ment over period of time of a sub
Stantial number Of exchange member
ships" The exchange has 1875 mem
bers.
The exchange did not explain what
motivated its action. but it was re-
called William o. Douglas, chairman
OF the Securities & Exchange Com
mission, in statement last November
suggested the stock exchanges were
attempting to feed too many mouths"
Wall Street assumed the remark was
intended to apply particularly to the
New York Stock Exchange in view of
its large membership, which was in
creased by 25 per cent in 1929.
ANY realistic approach to the prob
lens confronting the exchanges" said
Douglas at that time, must soon meet
the question as to whether the ex-
changes should attempt to provide a
livelihood for the present huge mem
berships. The prolonged periods
OF great activity in the late 20s pro-
vided an income sufficient perhaps to
justify Is per cent increase In the
membership OF the New York Stock
Exchange. But the vast changes which
have occurred are we'll known"
Douglas cited the marked subsidencc
of the speculative fever" of the 19gn
and suggested that with markets g
Ing more emphasis to investm
rather than speculative operation
exchanges needed fewer brokers.
Evening star., 1938-02-11
TAXPAYER FREED
OF FRAUD CHARGE
Penalties for Using Corporation
to Minimize Income Levy
Declared Unjustifed.

bF 'le hNSoCleSe0 Press.
The Board Of Tax Appeals held yes
terday in divided opinion that the
use of wholly owned corporation to
deliberately minimize income taxes
did not constitute fraud.
The Internal Revenue Bureau con-
tended that the use of wholly owned
corporation by George W. Griffiths of
the first Illinois revenue district was
evidence that part of an income tax
deficiency was due to fraud with in
tent to evade tax. The ma jority held,
however. that the record failed to
indicate any fraudulent intent on the
part of Grif6ths
In creating the G. w. C. Corp, the
board said. Grifflths acted upon the
advice of counsel and. apparently. in
the honest belief that it was proper
under the revenue act. The commits
sioner must make a stronger showing
than he has done in this case to sup
port the charge of fraud"
The board directed attorneys in the
case to work out an agreement on the
amount due from Griffiths, without
fraud penalties.
Evening star., 1938-02-11
SLUMP CONTINUES
ON WOOL MARKET
Proposed British Trade Agreement
Is Chief Uncertainty Hold.
ing Back Buyers.
BY the Associated Press.

BY the Associated Press.
BOSTON. Feb. 1.-THE CONNER
cial Bulletin will say tomorrow:
Due chiefly to the uncertainty Gre
ated by the proposed British trade
treaty. the wool market has slumped
further this week. Were it not for
this uncertainty, it is believed buying
would ensue at present low prices for
wool. With the possibility even of
annihilation in the British treaty,
mills can hardly be blamed for refus-
ing even to make offers for wool unless
they have orders for goods in hand
Some business is being done in fine
and half-blood Western woods. chiefly
in the range of so to IS cents. clear
basis. Topmakers will hardly bid that
high for average woods. Ohio Delaine
has been sold at % cents and quarter
and three-eighths in the range of Is
to % cents for graded wool.
Foreign markets are irregular. pri-
mary markets being rather weaker.
The piece goods markets are with
out much change. Business chiefly Is
in speciality lines.
'Mohair is quiet, with prices hardly
changed"
Evening star., 1938-02-11
EXEMPTION MADE
IN SHORTS CURB
Applies Only to Deals Designed to
Equalize Prices Between
National Exchanges.
BY the Associated Press.

BY the Associated Press.
The Securities Commission an
nounced yesterday a limited exemp-
ton from the price restrictions of its
recently adopted short selling rules.
The rules, issued January "a, require
that any short sale" of a security
must be made at a price above that
of the previous transa ction.
The new exemption applies only to
transa ctions executed on an exchange
for the purpose of equalizing the
price of a security on that exchange
with the price currently quoted on
another national exchange.
For example, prices of stocks on
the San Francisco exchange tend to
follow those on the New York Stock
Exchange. If a stock were quoted
simultaneously at $40 on the San
Fransisco exchange and SO on the
New York exchange. buyers would
purchase in the latter market, thus
depriving the former of business.
The new exemption would permit a
short sale on the San Francisco ex-
change to equalize the two prices.
without requiring that the transaction
be made at higher price than the
previous sale.
Evening star., 1938-02-11
DOLLAR GOES DOWN
IN LONDON DEALINGS

BY the Associated Press.
LONDON. Feb. l1.-United States
dollars eased three quarters of cent
under continental selling in foreign
exchange trading today Closing quo
'atlon was 500 1/l6 to the pound,
against sterling at s5.01 7/16 in New
York overnight.
French francs were firmer. Final
rate OF 1871 to the pound compared
with 1882 yesterday,
PARIS, Feb. II LR.-United States
dollars were quoted 1925 francs (33o5
cents to the france at the close of
foreign exchange trading today. This
compares with the franc rate of
1888 cents in New York overnight.
exchange on London, 1910.
In the bourse per cent rentes were
69.55; 412s a." 72.40; 41ss, 1887,
107.05.
Evening star., 1938-02-11
LOWER NET SHOWN
BY OHIO LEATHE
Earnings Fail to Cover Comr
Dividend for First Time in
Eleven Years.
BY the Associated Pres,

BY TIE Associated Press.
YOUNGSTOWN. Ohio. Febru,
1l.-For the first time in ! years. tt
Ohio Leather Co. failed to earn enou2.7
for dividends on common stock-ciun
to labor troubles during the first has
Of the year and the business recession
in the last half President Victor
Lumbard told stockholders at the an
nual meeting yesterday.
The company dipped into i's con-
tingencv fund to pay part Of seconG
preferred dividends.
Net profit after all charges snd a
sl8s822 inventory adjustment was
s36122, compared with s203. 7oO.5l fos
1886. The net profit equals 80 cents &
share on 81 preferred stock The
company paid $3.50 a share on COM
mon stock IN 1896.
Evening star., 1938-02-11
j. s. GYPSUM NET
|MPROVES|N YEAR
S5,421,010Profit Compares
With $5,328,113 for
Previous Year.
By the Associated Press

BY the Associated Press.
NEW YORK, Feb 1l-United States
Gypsum Co. reported consolidated net
profit for 1897 of S5,421010 after Fed
eral surtax. equal to S408 common
share, against S5,328,1l3. or s40l a
share, in 1886
Kroger Grocery.
kroger Grocery e. Baking Co.. op-
Grating a chain throughout the Middle
West and South, earned consolidated
net profit for the year ended January
l of S2.950,340, equal after preferred
dividend requirements to $l.62 a share
on the common stock. the annual re-
port disclosed. This compared with
SO 487,832 or 81 81 q share in the pre-
ceding IL months.
Best & Go.
Best e. Co. speciality and apparel
chain, reported net profit for the year
ended January 81 Of Sl227,6ol after
Federal surtax. equal to S402 a share
of common stock. against 81 ,261 .460. or
S4.2l share in the preceding year.
The company has stores in New York,
East Orange. N, j.: Brookline. Mass.
Crosse Pointe, Mich Cleveland
Heights. Ohio Ardmore, Pa, and
Miami Beach. Fla.
MinneapoIi HONEYWELL.
Minneapolis Honeywell Regulator
Co.. maker of tempcrature-con ap-
paratus. with plants in Minneapolis
and Philadelphia, reported for 1887
consolidated net profit of s2,929 253
after Federal surtaX. equal to S452 a
share on the common stock. This
compared with S3O82 ,36l, or S477 a
share. IN 1886
Mullins Mfg. Co.
Mullins MANUFACTURING Co and wholly
owned subsidiaries reported net income
of s534,072. equal to 81 cents a share
for the year ended December 81. This
compares with s525 .225, or 50 cents. In
1896.
ChildS Co.
Chllds Co.. chain restaurant opera =
tors. reported consolidated net profit
of s42l,8ol for the year ended Deem
ber 81. 1887, equal to 40 cents share
Of common stock outstanding after
dividend requirements on the preferred
stock. This compares with s29l.l36 in
1886. equal to Q cents share.
Eureka Vacuum Cleaner.
Eureka Vacuum Cleaner Co. of De-
troit reported net profit of S20326 for
the year ended December 81 equal to
8 cents share. compared with s248,-
329 or slO3 the previous year.
Motor Wheel Corp.
Motor Wheel Corp, and subsidiaries,
for the year ended December 81. re-
ported net profit of Sl795, ,143, equal
to S2ll share, as against sl.SOO.933
or s2l2 in 1896.
The company. producer of wheels,
hubs and brake drums, has its prin-
cipal plants in Lansing, Mich: Men,
phis, Tenn; Harrison. Ark, and Jack
son. Tenn.
Thatcher Manufacturing Co.
Thatcher Manufacturing Co, makers
OF milk bottles, reported a net profit
Of S1,084,844. equal to SAT- share
for the year ended December 81. This
compares with sl,0l5.567 or 1892 a
share in 1886.
Evening star., 1938-02-11
CHICAGO PRODUCE.

CHICAGO, Feb. II lP.-Poultry. live,
Is 1f. trucks; hens steady. chickens firm:
Plymouth Rock broilers. 81; fryers, over
:. pounds, including 3 pounds coiored.
Il; White Rocks, %; Plymouth Rocks,
%: Plymouth and White Rock springs. "a;
other prices unchanged No poultry mar
ket tomorrow.
Butter, 5i4 "a. unsettled; prices un-
changed. EGGS S50>. flrmer; fresh graded
extra f1rsts. local, 17la: cars. ISs.; firsts.
LOCAL l1A: cars 1712; current receipts,
II No butter or egg market tomorrow
shipments OIL; old stock. almost too few
sales to establish market. asking prices
nominally unchanged; demand very slow.
SUPPLIES moderate; sacked per cwt.. Idaho.
Russets. no sales reported: Colorado, Red
McCiures. U. S. No: l. cotton sacks. l. .5.l2-
l. LOO; Wisconsin round whites. U. S.
NO. J. O5. New stock about steady, de-
sales. CARROTS. bushei crates. Florida. Bliss
Irlumphs U. S. No. J. 1.45-5O; less tina n
CARROTS Texas. Bliss Triumphs U. s. No.
Evening star., 1938-02-11
!. C. c. APPROVAL ASKED
FOR CARRIER TRUSTEES

By the Associated Press.
G. w, Webster and Joseph Chap
man asked the Interstate Commerce
Commission today to ratify their ap-
pointment as trustees of the Mime
apolis, st. Paul 81 Sault Ste. Marie
Railway Co.. now in bankruptcy. The
road plans to reorganize under section
77-B of the bankruptcy act.
Webster is president Of the railroad.
Evening star., 1938-02-11
CURB LIST GOES
TOH|GHER LEVELS
Metal and Specially Issues
Score Liberal Gains.
Some Losses Seen.
. By the Associated Press.

. By the Associated Press.
NEW YORK, Feb. 1l.-Ljberal gains
were registered in the curb market to-
day, with metals and specialties sup
plying most of the action.
Aluminium, Ltd. showed gain OF
around near the final hour and gains
up to 2 points were made by Aluminium
Co. of America. American Cyanamid
b" Diamond Shoe. United Shipyards
"a" Sherwin Williams and Gulf Oil.
New Jersey Zinc chalked up a minor
loss. Others slipping trifle included
Creole Petroleum and Arkansas Nat
ural Gas.
Evening star., 1938-02-11
DROP IS REVEALED
|. IN BANK RESERVES
Transfer From long.T Term
to Short.Term U.S..
Securities Seen.
By the Associated Press.

By the Associated Press.
The Federal Reserve Board reported
yesterday bank reserves declined, but
their lendable excess reserves in
creased in the week ended February Q.
Excess reserves went up $4,000 900
to sl,4l0, 100000 Total reserves drop
ped s44,000,000 to $7,205 ,O00, 900,
largely because of increases of deposits
Of non-member banks and the Treas
ury with the Federal Reserve. In ef-
feet, these deposits were transfers of
funds from commercial banks to the
Federal Reserve A sl7,00O.0O de-
crease IN money in circulation was
insufficient to Offset these influences.
Continuing recent trend of SWITCH
ing from long to short term Govern
ment securities without changing total
holdings the IL Federal Reserve banks
last week sold s8.0O0.O00 OF Treasury
bends and s2000.0OO of Treasury
notes and bought s10,OO0.000 of
Treasury bills
Changes in member bank reserve
balances and related items during the
week and the year ended February 9.
1888, were reported as follows
Evening star., 1938-02-11
RADIO TELEGRAPHISTS
GIVEN VOICE ON RATES
By the Associated Press.

0J tHe ASSOCidLeu fTeSS.
The Communications Commission
yesterday authorized the American
Radio Telegraphists' Association to
intervene in the hearing on the appli-
cation of the principal telegraph COM
panies for an increase of Is per cent
in practically all domestic rates.
The association said it had contacts
with postal and radio communications
and was seeking contracts with Mac
kay Radio and Western Union. It
asked that no changes be made in the
rate structure unless its rights were
fully protected.
The hearing on the companies ap-
plication is scheduled to start Monday.
Evening star., 1938-02-11
NEW YORK PRODUCE.

., NEW YORK, Feb II lp.-Buttcr.
:5j4. .O66: s:esdler. Creamery higher than
extra 3nz,31A; extra ta2 scorei. sni.:
neIts nfIn 1ss-9b' 1890: seconds ts4-s7j.
changed. LIVE" "h-
Esss. a4o5: nrmer. Mixed colors. spe-
eGhai packss; IsA-2ola: Standards. 10:
diums. Il; dirties: No. i. 1eh-5t; AVERAGE
checks, 1915; refriserator standards. IS-
1as' nrsts' lo-15Ha; lower grades, 12Ha-
Evening star., 1938-02-11
EXPORTS AND IMPORTS
OF TOYS SHOW GAIN

E. the Associated Press
The United States increased its ex-
port and import of toys last year, the
Commerce Department said today.
Toy exports increased II per cent
and imports 20 per cent over 1896.
Exports of dolls declined. while other
things for children's amusement, es-
pecially mechanical articles, increased.
Japan increased its shipments Of
toys to this country, but Germany sent
less. These two countries accounted
for 80 per cent of American toy i'm
ports.
Evening star., 1938-02-11
BUILDING SHOWS
JUMP IN MONTH
New York City's Rush to Avoid
New Code Is Principal
Factor in Climb.

Bv the Associated Press.
NEW YORK. Feb. ll.-A rush in
New York City to get under the wire
before A new building code became
effective Janary q lifted the total Of
building permits issued in leading
cities last month. Dun & Bradstreet
reported.
The total for 2l5 cities. the agency
said was 6s4s,6s5. an increase of
23.7 per cent over the December figure
of sl18,7l6.l5l and more than double
the January. 1887. total of s68, ,542, 1928.
New York City accounted for $780,
o72.o4o compared with s74.s18,104 in
December and only sl2,63s.272 in the
comparable month last year.
Evening star., 1938-02-11
NEW YORK SUGAR.

NEW YORK. Feb. II R.-sugar futures
we're steadier today. ENCOURAGED principally
The No. 4 contract showed early gains
OF Z TO 2,s points. but after selling mp
Il to Ia points net higher
In. the No. 3. May sold up to ..3 and
ruled around this level at pm, with the
list UNCHANGED to 1 point net higher.
Evening star., 1938-02-11
Auto Production
Climbs tO57.8lO
Level for Week
BY the Associated Press.

DETROIT Feb. ll.-Ward's Auto
motive Reports today estimated the
current weeks motor car production
in the United States and Canada at
578l0 units, against l443 last week
and 74l45 for this week a year ago.
1t reported that somewhat more
optimistic attitude" has settled over
the industry"
Evening star., 1938-02-11

Great Northern Paper Co.-De-
clared IL cents extra and IS cents
regular quarterly dividends, payable
March l to holders Of record Febru-
ary 10.
Evening star., 1938-02-11
FOREIGN MARKETS.

LONDON; Feb. II P,.-UnsettIed Euro
h peah conoitions restricted trading in the
Stock market, but prices recovered some
what In the late part Of the session and
the tone was about steady. Domestic rail
declarations and transatlantic securities
we're also heavy. British funds continued
20 move forward. while oils and mining
issues remained quiet Tobacco and rayon
issues were in supply
Evening star., 1938-02-11
RUBBER FUTURES.

NEW YORK. Feb IL R.-Crude rubbe
fa.9zet Msy = Suls nisheJ March
Evening star., 1938-02-11

PAR1S.-Government bonds moved high
er Rentes advanced 5 to 55 centimes and
Ss Hsnk o. france issue gained 80 francs.
sueS Canal and Royal Dutch closing lower.
Evening star., 1938-02-11
MONTREAL SILVER,

MONTREAL, Feb. II F.-silver fu-
44.eo' May, 44.55; July, 4l.35.
Evening star., 1938-02-11
NEW FINANCING DROPS
FURTHER DURING WEEK

BY the Associated Press.
NEW YORK, Feb. 1l-New financ-
ing for the week amounted to s46.-
36l,275. compared with s72.721. 1852
last week and s224,94604 a year ago
The comparative table showed:
This week. Year ago.
Municipal $43.374,275 s73,6e7 900
industrial - $4,000 100000
Miscellaneous 2,797.000 100000
Stocks -- $4,000 2S8l0,l43
Public utility 1928, 900
Railroad ----- 100000
Total ---s46, 1861 PTS 1924 4,946, ,O43
Evening star., 1938-02-11

In hankruptcy or rece1vershlp or oelne
reor9an!zed under the Bankruptcy Act or
securities assumed by such COMPANIES
Rates OF dividends IN the foregoing table
are annual disbursements based op the
last quarterly or semi-annual declaration
Unless otherwise noted special or extra
dividends are not included
Also extra OF extras Declared or
paid so far this year no regular rate
| PAYABLE N stock Paid last year
Cash or stock Accumulated dividend
paid or declared his wear WV With war
rants XIV WITHOUT warrants war war.
rants
Evening star., 1938-02-11
NEW YORK BAR SILvEI

NEW YORK. Feb. IL P.-Bar sill
ver,- 4434, unchanged.
Evening star., 1938-02-11

A cat in Filey. England, is rearing
five orphaned Pekingese prize pup
pies.
Evening star., 1938-02-11

wuW With warrants XIV without war
ssnts. n New st tstpt Stamped.
sNesotia blity impaired by maturity.
tCompanies reported in receiversrlp.