davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-11-08


ward, not backward, although the
comforts of childhood are chung to
They pretend to be older than they
are and have been known to flt
about their age. They wish to i'm.
press older boys and girls. They
pose a little, brag a little and shrug
over things they were proud Of q
year ago.
Now I come to a matter that
consider important in their lives,
in all lives. Religion.
Won't Go to Sunday School
Mother, you know how hard it
is to get them to 60 to Sunday
school. It is about as hard to get
them to church. Their reason is not
In the least ecclesiastical, but mere
ly that they consider one too young
and the other too old.
Breaking away from the church
class. associated In their minds with
childhood, and finding sermons dull
or moralistic, they plead to stay at
home. am speaking generally, of
course.
I believe the threat to spiritual
life comes, not In later adolescence,
but now. These are the years of
impressions. These are the forma-
tive years Of habits, habits Of
thought as well as habits of living.
It is the worst time the religious
break could happen, I am sure.
A child's intelligence at this time
is very high. He is ready for dis
cuSsions. He needs wise explanations
and can stand reasonable debates
on spiritual views. It matters not
what your denomination Isl or creed,
Catholic, Protestant or jewish
your adolescent children should be
given the privilege Of continuing
their religious experience under
persons capable Of wise instruction,
in your own faith.
Religion Comes Later On
Later on, John or Mary may
change their views. They may
pass through phases Of disbelief, and
defend realism. They may point out
contradictions and summon science
to discredit the teachings Of the
little old church ON Maple street.
Very well; perhaps. But predict
that someday when experience and
trouble, as well as science itself, have
all been pointing one way, the half
formed convictions Of early adoles-
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-11-08
By MRS. GAYNOR MADDOX
NEA Service Staff Writer

It won't be long now! Thanks.
giving dinner isn't very far of
Let's begin to look at gala recipe.
for the great American tribal feast.
Enthusiasm remains the same but
our idea of Thanksgiving menus has
turned a little toward the lighter
side. Desserts need not be a hun
dredeweight. So read these two
modern Specialties with lighter des-
serts in view.
Sugarplum Mold
(Serves 4 to 81
One package cherry favored
gelatin, l pint hot water, glazed
apricots, prunes and pineapple.
Dissolve gelatin in hot water
Turn into mold. Chill until firm
Unmold. Garnish with glazed fruit
Serve with whipped cream.
For glazed fruit, prepare thick
sugar syrup of cup sugar, So
cup water and l tablespoon light
corn syrup; boil 2 minutes. Sim
mer half-rings of canned pineapple,
then soaked, dried apricots and
seeded prunes, in syrup 20 minutes
or until glazed. Cool. Glaze only a
few fruits at a time and do not allow
syrup to boil hard.
Steamed Thanksgiving Pudding
(ServeS 100
Two cups sifted cake flour, 2
teaspoons baking powder, Ia tea
spon soda, Ia teaspoon salt, Is
cup butter or other shortening, Ia
cup sugar, / egg, well beaten, 2
unsweetened chocolate.
melted, l cup milk.
Sift flour once, measure, add
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-11-08
.HEAUTX :
Gl0rwng
Yourself
N Ar Ma
By Alicia Hart
NFA Service staff Writer

NEA Service Staff Writer
The girl who is determined to re-
main attractive through the years
Arranges her hair, applies make
up buys clothes with the idea OF
dramatizing her best features and
distracting attention from less lovely
ones.
Maintains her individuality. (You
don't catch her wearing an unbe-
coming color just because someone
tells her "they" are wearing that
shade. Or copying a movie stars
hair-do unless it happens to be nat
tering to herr
Knows that there Is the right
skirt length for every woman. She
discovers the length that Is correct
for her, then has all Of her skirts
hemmed to that measurement.
Brushes her hair every day and
has q shampoo once q week.
Is absolutely fastidious about
small details. (Her hat bands, white
collars and cuffs, blouseS, shoe ties,
gloves and lingerie always are spic
and span. She uses deodorants
faithfully, keeps underarms and legs
free from superfluovis hair)
Applies rich night cream every
night If her skin is dry; q special
cream or lotion If it's oily.
Has or gives herself manicure
once week and changes her nail
polish once between manicures.
Knows the Importance Of speak
ing clearly, softly and pleasantly.
Her voice is well-placed, perfectly
modulated. Her speech Is clear, easy
to listen to-and her vocabulary
isn't over-run with slang express
SionS.
Develops poise. (She learns to sit
quietly, to stand with her weight
evenly distributed on both feet. to
enter q room gracefully, to be at
ease with others and therefore put
them ar their ease
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-11-08
SONEERSAULTS, SAGGING AND
DEAFNESS

SOAEERSAULTS, SAGGING AND
DEAFNESS
When say roll dozen or more
somersaults every morning, always
keeping personal contact with the
moor Notwithstanding Wehster's def
milton of Somersault, / express the
simple faith of q therapeutic nihil-
ist. I'm telling you I believe daily
somersaulting is good for what ais
most civilized, sedentary folk. I even
20 into detail about 1t, in the mon
ograph Invitation to the Somer-
saultauqua" -illustrated by brother
Andy,s gifted son Francis Brady,
Geneva artist-and any reader may
have a copy on request, If he or she
incloses q hree-celt-stamped en-
velope bearing the correct address.
Recently some routine grimaces,
lip, mouth, threat, eye, nose, scalp
and ear exercises were described
here, for persons affected with catar-
rhal or progressive deafness. Incl
dentally they improve facial express
sion. AS stated this IS the routine:
First contract the muscles about
the lips and mouth in a. combination
smile and whew, hold that position
for several seconds until the muscles
feel slightly tired.
Then contract muscles about the
noStrils and hold that grimace for
several seconds In the same way.
Then contract muscles about the
eyes, ditto. Then forehead, cheeks
and temples, ditto. Finally contract
or try to contract muscles that draw
back the ears or wiggle the ears,
ditto. While keeping the ear retract-
or muscles contracted and your ears
drawn back or up thereby, try to
contract the muscles in your throat
to put throat In the position to
sound the K when you say hike, IN
imaginat ion-ar1d hold the *" posi-
ton for q few seconds.
Repeat the whole series Of facial
exercises systematically and no fool
ing, before your mirror, every night
and every morning, In privacy. Such
exercise tends to keep the pan from
going saggy, improves expression,
and in many instances not only re-
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-11-08

ence will stir and then crystalize.
I am not at all UNCONVENTIONAL
Entirely unprecedented, still think
the religious contacts of sensitive
years count zoo much to risk their
loss. If the present dark days Of
the wrold presage the future, the
sanctuary Of religion may provide a
needed spiritual refuge.
Copyright, 1888, NEA Service, Inc.)
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-11-08
NEEDS RECoNDIT1oNING

The life and beauty Of rea.
leather depends on the conditioning
care 1t gets. AS the natural oils Of
the leather dry out. they must be
replenished, or the leather will be-
come dray and cracked. Three OF
four treatments a year should be
enough. There are q number OF
good commercial preparations on the
market for this purpose, or you
may simply use clear vaseline, cas-
to oil or neatsfoot oil, which can
be purchased inexpensively in drug,
department or hardware stores. In
any case, use sparingly, rub in well,
and wipe OF excess oil carefully
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-11-08
Caroline
Chatfield
Says Today

Children Should Be First Consideration of Couple on
Brink of Separation.
DEAR MISS CHATFTEID:
At the age twenty-five year-old girl We
spite of the fact that small
income later came and in two another after which
seemed the worried having
stepped She told
have had nothing else don't trust her
doubt Realizing that the dependent
forget the without
out should quit take the boys and start e
A.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-11-08
Tcmorrow's Menu

BREAKFAST: Grapefruit and
orange Juice. mixed hot cereal.
dated mullins. coffee, milk.
LUNCHEON: Cream of on
ion soup, Melba toast, mixed
vegetable salad, hot ginger
bread, tea, milk.
DINNER: Grape cup, fried
chicken, cream gravy, mashed
potatoes, spinach timbales, ro-
maine salad, sugarplum mold,
coffee, milk.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-11-08

Faith Built In Teen Age Is
House of Comfort Later
lrs thin. where before, they
By Olive Roberts Barton

as children, never
questioned IN cir
lot or sought to
improve it, new
plans now begin
to formulate. Not
practical plan S,
not yet, with all
their inexperience,
b ut extravagant
pictures of a rosy
future.
During the S e
years there is a
strong effort to
get away from
childish tn in 6 S.
FVTR ~
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-11-08
nv OLIVE ROBERTS BARTON

Strange thoughts occupy the
minds of our young adolescents
Possibly no other time of life is as
conf1ict-ridden as these early teen
years.
Ambition stirs strangely. Salts
faction with life as they live 1t
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-11-08

WOMAN,S REALM
Ho1v TO Keep Well

henIth hygien not!
should be brief
received
he
ore mRe OfW eFbwfy
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-11-08

Where it is important that the orig
inal color Of the leather be pre-
served, most oils have a tendency
to darken better purchase prep
aration not to change the color OF
the leather.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1938-11-08

A coIorful SHOW within show"
is the modish parade of New York
society bellies who lend their chic
presence to sthe National Horse
Show. These fashionables were pho
tographed on opening night.
Evening star., 1938-05-18
-HOstesses Named
For Rose Fete.

At the rose fete to Be held BY the
Potomac Rose Society Saturday and
Sunday ut Or. Cros' garden. 1ol
East Kirke street, Mrs. Gross win be
assisted - hostess by Mrs. Chester
Wells, Mrs. Arthur Peter, Mrs. Her
mann Hollerith. Mrs. @. Freeland Pc
ter, Mrs. Cleveland Abbe, Mrs. q. W.
Leadbetter. Mrs. Richard Runner,
Mrs. Henry p. Erwin and Mrs. Cloyd
Heck Marvin.
Mrs. Philip Smith and Mrs. Richard
stimson, assisted BY Mrs Joseph FAIR
hanks and Mrs. Herbert Minlin Hail,
are in charge Of the punch table.
There viii BE- m attractive table
with bags and boxes Of potpourri for
sale, with Mrs. Richard Fay jackson
and llrs. Victor Alfaro, Mrs. A. W.
Defendeffer and llrs. Conway p. Coe
In charge.
Other members Of the rose society
viii Be present to guide the visitors
through the garden.
A demonstration will Be given ct {
O'Clock each day by Dr.. Gross On
hyhridistng bg poliination. which will
Be particularly interesting to rose
lowers.
The Demonstration at 5 O'Clock each
day q budding. spraying and lrttliz-
ing By M. W. q. Youngman win be
q practical use to owners Il small
gardens.
Evening star., 1938-05-18
Tea Dance Planned
For EridaY.

The freshman and sophomore classes
Of Georgetown University will hold
their annual tea dance on the Hotel
Warrington roof Friday afternoon at
1 O'Clock. Meyer Davis Orchestra will
play.
The Dance Committee includes
Chairman John Boyle. 10, Of New
Haven, Conn; Mr.. Edward Snyder.
IL. Of Spring Lake. N. j.; Mr.. John
Redmond. II, Of Brooklyn, N. Y; Mr..
Frederick Moore, II, Of Des Moines,
Iowa; Mr.. william Hofmann, ~, Of
Kew Gardens. N. Y: Mr.. James A.
Foley, I'd, 40, Of Brooklyn, N. Y; Mr..
John Keating, 40. Of Brooklyn, N. Y:
Mr.. John Delaney, 40, Of Albany. N.
T., and Mr.. Carl Watson, jr., 40. Of
Great Neck, N. Y.
Evening star., 1938-05-18

state Central Committee for Califor-
MIA and National Democratic com.
mitteewoman Of California, il in
Warrington for abort visit before
leaying for Geneva, 6witserland, with
her husband, Mr.. Henry r. Grady.
vice chairman Of the Federal TariR
Commission.
Mrs. Grady was the guest Of honor
at luncheon today ct the Carlton
given BY . group Of her friends here
In Warrington. Those present were
lliss Mollie Dewson, Mrs. Ellen 8.
woodward, assistant administrator Of
the Work Progress Administration:
Nrs. John Herrick. Mrs. Carroll Stew
art, Mrs. Esther Caukin Brunnauer,
Mrs. Samuel Herrick. Mrs. Frank
Bohn, Mrs. Harold G. Bryant Mrs.
Basii Manly, Mrs. Isabel Kinnear
Grimm ana Judge Marion J. Harron,
member Of the United States Board
Of Tax Appeals.
i Mr.. Grady Is the United States rep
resentative on the Committee Of World
Raw Materials Of the League Of Ma
tions.
Evening star., 1938-05-18
Democrats Party
Tomorrow.

Final arrangements have been com.
pleted BY the Pennsylvania Democratic
Club for IL card and bingo party to
b held tomorrow evening in the Ma
taonal Democratic Club at 1900 Rhode
Island avenue NV. Mrs. Thomas
Manean u chairman Of the party.
Additional patruns and patronesses m
clude Representative and Mrs. Guy
J. swope, Representative and Mrs.
Charles n. Eckert. Representative and
Mrs. John Huell Snyder, Dr. and Nrs.
Thomas r. Evans, Or. and Nrs. VII
liam v. Connors. Miss Mae Helm, Mr..
Daniel L. Boland. Mr.. Joseph Gibbons,
Mrs. Rose Mc0ahAsan, Mr.. and Mrs..
Joseph LOTUS, Miss Viola Wildermuth
and Mr.. and Mrs. William H. Collins.
Tho committee Of arrangements II
composed Of Mr.. James p. Mcdonald,
chairman; Dr. Z. Christopher Meyer.
M. Joseph r. Quinn, Mr.. Charles q.
Good, MI. Lester J. Pollock, Mr.. VIII
liam FARRELL, Mr.. Leo Lppart. Nh.
Andrew Clodex. Mr. George oaxsera.
Mr.. Dan Heasney, Mr.. walter Joyce,
Mr.. J. B. shaw, Mr.. Harry Murphy
and MI. ferdinand Krantx
Evening star., 1938-05-18
Miss Archibald
Hostess Yesterday.

Nias Anna Wolcott Archibald en-
tertained ct . cocktail party Yesterday
ct the Hay-Adams House In honor
Of Nine. Il saisne and Mile. Suav Il
saigne, mother and sister Of Sonora
de 0hiraldo, wife Of the Counselor OF
the Argentine Embassy.
Mis- Archibald's many guests in-
cfuded Capt. Colon hoy Alfaro and
Sonora de Alfaro. the Counselor Of the
Italian Embassy and Signora d Cos
melli; the Counselor Of the Cuban
Embassy and Sonora de Baron: the
Counselor Of the Belgian Embassy and
Baroness de Oruber. the Counselor oe
the Hungarian Legation. Mr.. Anthony
de Balasy; the Counselor Of the Mexi-
Evening star., 1938-05-18
Reception Held.

Mn. Alfred Hopkins Williams re-
Seived Sunday ct the Henderson IN
honor Of Miss vernA Haxzard and
Nrs. WflliAms' grandson, Mr.. Q. Ar
mold van KAmmen. who win be mar
Sied Saturday. Mrs. Williams was
assisted ~ her daughters, Ms.
Adolphus McKenxie and Aliss Margery
Williams, also Mis- Hasnrds parents,
M. and Mrs. John Vernon Haxsard.
and hsr grandmother, Mrs. Minnie
HaxBard Of Syracuse, N. 7. About
40 friends Of the two families At
tended.
Mrs. =. r. Elliott pianist. played .
Brahms number and "Island Impress
sions, /" with . spanish dance - encore.
and AGe Caroline Dell Mckenzie sang
let Afe Call You Sweetheart"
Evening star., 1938-05-18

can nmbassy and his mother and sis-
tn. senora De ouintanilla and =.
nor1ta Lallu ouintanilla; Frau Thom-
sen. wife Of the German Counselor:
the Counselor Of the CsechoslovAk
Legation and Nine. Drejska. the wife
Of the Counselor Of the RumAnian
Legation. Mime. Babes: Senorita HzAA
Castillo Najera, daughter Of the Mexi-
can Ambassador; Mrs Walter 8. Wat
son, Or. and Mrs. Ricardo 4lfafo.
Mr.. and Alrs. Maurice ThatcheE, Miss
Margaret Wadsworth, Senorita Lolita
Battle, Or. and Senora De Flentss
and oenor and Senora Davila Of the
Mexican Embassy, and Mr.. stanislav
Klima Of the Csechoslovak Legation.
Evening star., 1938-05-18
Mrs. Taft
To Sail for
Europe
. Is Leaving June IL
And Will Spend
= Summer Abroad.

r FRS. WILLIAM HOWARD
Au TAFT, who postponed hse
vl sailing for Europe . fort
= night ago, win sail June II
Nth her son-in-law and grand
daurhter, Or. Frederick J. Manning
and young Caroline Manning. They
vfll join Mrs. Manning. formerly
lliss Helen TAFT, In England and VIII
s,end the summer abroad. Mrs. Man
nins has been In England for about
two months and during her years
leave Of absence from Bryn MaW
College u spending her time IN re-
search.
Mrs. lippitt, widow Of Senator
Henry =. Lppitt Of Rhode Island and
a sister Of Mrs. TAFT, spent several
weeks with Mrs. TAFT here after the
lAtter's return from Charleston. Mrs.
Iippitt returned early In the week TO
her home In Providence.
senor Alexandra Ponce Borja, dele
sate 70 the Ecuador-Peru Boundary
Commission, and Sonora de Ponce
entertained 10 guests Informally At
dinner last evening in the Blue room
Of the shoreham.
Mr.. snd Mrs. D. Trowbridge Elli-
man Of New York are at the shoreham,
en- route home after spending the
winter at their home in Charleston,
& g.
Mrs Robert Delafeld Rands has
1ust returned from New York CITY.
where she spent the last week visiting
her daushter, Miss Frances Kanos,
at the American Woman's Club.
Mr.. and lErs. Floyd d. Akers were
hosts at . cocktail party yesterday
afternoon at tle Mayfower. Approx
u,ately 100 guests were present from
o(acial and residential circles. Mrs.
Akers has Just returned from their
winter home IN Miami Beach, Fla.
Dr.. and Mrs. Ernest e. Hadley WIN
leave Thursday for California. They
win spend sons time n Los Angeles
and win return 70 their home IN Wes-
lev Heights the Inst of June.
krs. stuart q. Eostsr y m New
York and viii return to her home IN
wesley Heights the end Of the week
Evening star., 1938-05-18
Mrs. Grady Honored
At Lunch Today.

Mrs. Lucretia Del valle Grady Of
Berkeley, CALI, chairman Of the
Women's Division Of the Democratic
Evening star., 1938-12-19
Erie Files Proposal
For Drastic Cut in
Debt Burden
Plan Designed to HoIve
Interest; c. & O. Stake
Would Be Reduced
By the Associated Press.

By the Associated Press.
CLEVELAND, Dec. 19.-Erie Rail-
road, New York Chicago trunk line
which has been in reorganization
since last January, filed today in
Federal Court proposed reorgani-
cation plan designed to halve its
fixed interest debt.
1t proposed:
To convert s63,OOo,OOo in present
preferred stock into new common
stock, share for share, and exchange
the present s1OO par common for
new common of either no par or
$40 par.
To convert much of it's present
bonded Indebtedness into new pre-
ferred stock;
To slash drastically the rent it
pays on leased roads, directly ac-
quire some of the properties it now
operates, and disaffirm leases on
others.
Financial circles said the plan
would tend to reduce drastically
the book value of Erie securities
held by Chesapeake & Ohio Rail-
way, which has $3.50 per cent con-
troll OF Erie, and lessen this control
as well. C.. & o. on October 81
was carrying Erie common, worth
s9o,480,000 at par, for a cost value
OF s3o,116665, and similarly had
written down its par s15.14O,5cO
holdings of Erie first preferred and
its par s6,019,500 holdings of Sec
ond preferred.
Evening star., 1938-12-19
Columbia Broadtasting
BUYS Record Firm
Special Dispatch to the Star.

Special Dispatch to the Star.
NEW YORK, Dec. 19-The Colum-
bia Broadcasting System today pur-
chased the American Record Corp
from Consolidated Film Industries,
Inc, it was announced by William
S. Paley, president of Columbia.
An interesting aspect of the pur-
chase is that the Columbia Phono-
graph Co.. one of the American
Record Corp. subsidiaries, some years
ago was the owner of the Columbia
Broadcasting System.
Through the acquisition the Co.
lumbia Broadcasting System takes
over the manufacture and distribu-
ton not only of Columbia phono-
graph records, but also of Brunswick,
Vocalian and other Well-knoWn la
bells.
The popularity of home records
has grown tremendously during the
last few years. Mr.. Paley said. "and
there is every indication that future
increases are assured. Technical ad-
vances in radio combinations, phono-
graphs, record-playing attachments
and in discs themselves have greatly
improved the quality of music that
records can reproduce in the home
AS a result there has been wide
spread revival of interest among peo-
pie of all ages in both classical and
popular records
Evening star., 1938-12-19
Chicago Produce

one cecAGo dbT S rHeSs nfe ARM poaF hens " poands Tf
UP. 16ia; under A pounds ,l3, Leshorn
hsnS monh and whe nFesFs Rock f9o5sd @ rsshoh
Is; Plymouth and White Rock. is: 4
5STIs,:N white RoeE: i: roosters: .s5 i$5s:
ansfh veans oms 1Hos'sss Old sfkS No. mems turkeys
49,, ducks. Az pounds up. colored, 14ls;
seess White H. l2 small col0red and white 49,
Dressed turkeys firm; barrels; young
hens, "1i2; young toms Is pounds down,
,?51o: old toms :23 box packed young
hens. 90: young toms. l2 to is pounds,
21i2; l6 to IS pounds 26i2:, 1s pounds
Butter. o7,lse. unsettled creamery
specials s. !a3 score, 25a4726 extras .a2l.
'ss-so) .4-.4'a: seconds Cs4-s7la>, a3;
Esss. :36nn3. easy: fresh graded extra
ards, 2ll4; frsts. 81
Potatoes; sh;n 70 on track 3l5; total Y
orado McClures steady: demand fair:
NoIthern stock all varieties steady: firm
Fer Fer cwt.,, Il Idaho Russe{ Bqrbanks. =: s
Red Meclures, U. S. No /: cotton sacks,
Sacks fs color H auiy s6 aRd sSs
Round Whites. i s. No. /. .io-15. mostly
49, 10; Mishisan Russet Ruralsi y: $. No. /
per cent =: S. No. and better. 57is;
ter. mostly, / 30: Early ohios, 90 per cent
s No. l. .5.4o: Minnesots Red River
ida Bliss Triumphs, u S No /. 2,15.
Evening star., 1938-12-19
| Uneven Business
Rise Forecast
| Next Year
By the Associated Press.


ST. LOUIS. Dec. 13.-SomeVhat
improved. but. fluctuating busi-
ness conditions in 1889 were pre-
dlcted by Henry H. Heimann. man.
ager Of the National Association of
Credit Men, in an address last night
before the St. Louis Association of
Credit Men
1T is difficult to say that the
present recovery movement can be
sustained for more than a relatively
short period of time, Heimann de-
clared.
He listed the Government lend
lng-spendlng program as one factor
IN the business upturn, but asserted
in this program We are simply bor-
rowing against the eventual day Of
repayment"
The durable goods industry, which
holds the key to unemployment So
luton and sound recovery, will not
come into its own" Heimann con-
tlnued, unless our national bud
getary programs tend toward
greater realization that excessive
debt is not sound basis for pros
perity."
Evening star., 1938-12-19
Swift & Co. Reports
S3,493,978 Deficit
For Fiscal Year
Compares With So, 1886, ,496
Profit Recorded for
Previous Period
BY the Associated Press.

CHICAGO, Dec. 19.-Swift & Co.,
first of the big meat packing con-
Germs to disclose details of operations
in 1898, reported today a loss of
So, ,493 ,978 for the year, compared with
balance of Sc, $3.50, ,496 in the previous
fiscal year.
This loss was equal to SO cents
per share, compared with earnings
of SLAB per share last year. The
fiscal period ended october 20.
Sales for the year were $793,8l6,615,
a decline of 10 per cent from those
of 1887. This reduction in dollar
sales, President John Holmes said,
was largely a reflection of the
lower price levels" at which goods
had to be sold. Tonnage for the
year, he said, was only slightly less
than the near-record levelsof 1887.
The years loss of $3,493,978 was
considerably less than the decline
in the value of inventories" Holmes
said. Inventories were set at $685.
233, ,l59 for the year, compared with
$l09,295, 1895 in 1887
Discussing the inventory losses,
Holmes said that during 1888, 1884
and 1885, when prices were rising
$l6,767 900 of reported earnings was
set aside as a reserve for inven-
tory price declines. From these re-
serves Sll.000,000 was drawn this
year to offset part of inventory
losses. The inventory reserve, Holmes
said, provided for much of the divi-
dends Of 8 per cent paid to share
holders during 1885,
With our lower costs, larger VOL
ume of meat in prospect and better
consumer incomes, the increased
demand for our products makes us
hopeful for the future" Holmes
said.