davidaulloa/AmericanStories huggingface dataset:
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1941-10-17
TWENTY-FIVE CENTS DEBT
EASES MANS CONSCIENCE

A Cape Charles resident has re-
ceived the letter printed below from
a young man now living in distant
state, who had spent some part of his
boyhood here. The name of the writ
er and the name of the recipient are
withheld for obvious reasons. The
former residents letter is as follows:
Several years ago lived in Cape
Charles for several months. There
were a few times that I stole apples
off your tree without your permission.
Since then I have been "Saved" from
my sins and am living a new life.
I'm Strengthening out the things I
stole so am writing to you to ask for
giveness for stealing your apples. I'm
enclosing a quarter to cover the loss
to you"
The residents reply is given below:
"Your letter touches me very deep
ly. I am glad that you have seen the
right way; the way as taught by the
Master. / am sure that if you will
keep this up you will find much hap,
piness in life, and appreciate the
many blessings that God bestows OF
those that follow His way. If all mer
followed this road we wouldn't have
any war today.
"Now let's talk about that apple
. incident. I freely forgive you and an
returning your quarter. And an
sure that God never held anything a
gainst boy who stole watermelons
cherries or apples. For if He di'
there would be charges still held a
gainst me and most all other boys
wish you much success and hap
piness in your life to come"
. We have from time to time seel
quotations of similar incidents in tn
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1941-10-17
Cambridge Hospital, Cambridge, Md.

Cambridge Hospital, Cambridge, Md.
Mr.. and Mrs. Cleve Carter, Mr..
Milton Carter and Mr.. and Mrs. Mark
Miles of Pocomoke City, Md, were
visitors at the home of Mr.. and Mrs.
A. P. Long, Sunday afternoon.
Mr.. and Mrs. Otis Green and grand
son, Donald Disney, spent the week.
end with relatives in Elizabeth, N. C.
Mr.. and Mrs. w. v. Taylor, Miss
Marie Taylor and Master Jack Taylor
visited Mrs. c. P. Gladding at Oak
Hall, Va, last Sunday.
Misses Mildred and Dorothy Pusey
spent the past weekend in Phila., Pa.
Mr.. and Mrs. Marion Birmingham,
Mrs. Russell Bundick and daughter,
Joan Carol, and Mr.. and Mrs. Morris
Birmingham, were Sunday guests of
Mr.. and Mrs. Jack Hurley, at New
Church, Va.
Mrs. Alice Long and daughter,
Grace spent Tuesday with her sister,
Mrs. Edwin Martin, of near town.
Mr.. and Mrs. Cornelius Comegys
and children of Washington, D. c.,
visited relatives here over the week.
end.
Mrs. Walter Gates, Miss Betty
Gates and friend of Bethlehem, Pa,
visited Mrs. w. v. Taylor and Mrs.
Ralph Taylor last Saturday evening.
Mrs. w. C. Beachamp, Mrs. W. v.
Taylor, Mrs. Ralph Taylor, Mrs.
James Cottman, Mrs. A. p. Long and
daughter, Miss Pauline, spent Tues
day afternoon, with Miss Hazel Bea-
champ at Cambridge Hospital, CAM
bridge, Md.
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1941-10-17
DELAWARE MAN FAILS TO
CAPTURE CHICKEN THIEF

Came Warden Leland white didn't
"get his man" last Saturday night,
but he gave him a dose of buckshot
he will long remember. The culprit
was surprised while stealing chick
"ens from the White farm near Reli-
anee, and when he failed to halt after
being hailed he received the shot.
Warden White had been missing a
few chickens every Saturday night
for several weeks and last Saturday
might instead of leaving for town with
the rest of the family, he secreted
himself in an outbuilding and waited
to see if the chicken thief would a
gain make his appearance. Sure
enough shortly after nightfall a man
walked in the yard and seeing all the
house lights out made straightway
for the chicken house. White crept
to 1.-The door Of the house and when
the man appeared he was carrying
TWO large bags of fowl. He spied
White and fled using the bags OF
chickens as a shield. White fired and
started in pursuit, but the thief elud-
ed capture and disappeared in a near
by woods, where chickens were dis
covered the next morning. White call
ed all local doctors to try to trace any
person who sought medical help in
getting the load of shot out of his
skin, but no doctors here administered
to the man who is still at large.
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1941-10-17

recommend measures to restore the
fishery to its former level of pro-
duction, the Maryland Tidewater
Fisheries Department announced late
today.
At the same time the department
ordered the Maryland crab season
closed October 81, instead of Novem-
Der 80. It was authorized by a leg
islative act to shorten the season if
it saw fit.
The request for an impartial study
of the bay crab problem grew out of
meetings between Maryland and Vir-
ginia fisheries departments, attended
by both crabbers and packers.
"These meetings." department Of
ficials said, chad demonstrated to
the two commissions that neither of
sides was willing to accept fully the
suggested remedies offered by the
other"
The fish and Wildlife Service is to
begin the survey Immediately, the
spokesman said, adding:
ut was further agreed that every
effort would be made to obtain neces-
sary money for the service to set up
machinery for permanent check of
the crab industry in the Chesapeake
Bay so that the administrative Off
GERS of the two States would always
have a clear picture of the industry
before tn EN-.
Thereafter, with ali facts before
the administrators and the industry
any changes that might be necessary
in laws governing the industry could
be put into effect Immediately"
The spokesman pointed out that
prior to 1924, when the bay crab pop
ulation declined, the Federal agency
was requested to conduct a survey.
"This study" the tidewater depart
ment officially said, twas made in
1924 and specific recommendation
were presented to the States. These
suggestions were accepted by the in
dustry and appropriate laws enacted
by the two Legislatures.
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1941-10-17
Accornac News

Mrs. Alfred j. Lilliston Of New
port News spent the weekend at
her home here.
Mrs. Mabel Rev Hutton spent the
weekend with relatives in Arlington,
Va.
Mis- Betty Walker spent the week
end at Pungoteague with Miss Annie
Lou Davis.
Mr.. and Mrs. Richard T. Dishar-
DON of Cape Charles spent the week
end with her parents, Mr.. and Mrs.
William T. Bond.
Mr.. w. Jonah Parks of the u. S.
Navy, stationed at Panama, was call
ed home this week by the illness of
his brother, Mr.. Ralph Parks who was
seriously injured in an automobile &C
cident last Saturday night. Mr..
Ralph Parks remains critically ill in
the Northampton-Accom Memori-
al Hospital, Nassawadox.
Miss Annie Milliner spent the
weekend in Portsmouth with her
brother-in-law and sister, Mr.. and
Mrs. Forrest Fitzgerald.
Miss Jacquelyn o. Lilliston return
ed to her work in Newport News,
Monday, after spending several days
at her home here.
Miss Elizabeth G. Landlord spent
the weekend with relatives in Wash
ington, D. G.
Mr.. Walter Milliner of Baltimore,
Nd, spent the weekend with his par
ents, Mr.. and Mrs. Samuel s. Mil
liner.
Hon. and Mrs. Levin Mock Davis
spent Tuesday in Richmond.
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1941-10-17
FROM OUR
EXCHANGES
NAVY 'CHUTISTS' TREATED
BADLY BY ISLANDERS

Members of the crew of U. S.
Navy patrol bomber who "bailed out
over the Caribbean Sea when their
plane was forced down by mechanical
trouble got a chill reception at first
from the Dutch inhabitants of little
st. Eustatious Island, Ensign Ernest
G. Cooper, Jr., reported.
Cooper, q member of the bomber's
crew, wrote his parents, Mr.. and Mrs,
Ernest G. Cooper, of Denton, that the
island people, thinking the descend
ing parachutists were German invad-
ers, met the first man to land with
rocks and hastily gathered rifles and
shotguns.
Three men, one a crew member, the
other civilian passengers, were listed
as missing by the Navy after the
mass leap from the disabled plane on
Sept. 20. The bomber carried crew
of eight and six passengers.
The official Navy account said the
plane developed mechanical trouble
while flying at 5000 feet. All aboard,
except the pilot, Ensign Herbert Cor
die Weart, Naval Reserve Officer,
were ordered to jump.
Weart stayed with the ship and pi-
loted it down to a safe landing on
rough water near st. Eustatious.
Cooper wrote his parents that the
patrol bomber's ailerons were carried
away in a wind squall 5000 feet over
the Caribbean. Crew and passengers
were tossed around in the cabin by
the gusts and all were ordered to
jump.
Cooper said he landed three miles
from st. Eustatious and swan for
three hours before reaching shore,
''tired and full Of salt water"
When the inhabitants found the
parachutists were Americans and not
Germans they gave all possible aid to
the exhausted airmen. There were
no power boats on the island and the
island radio was too weak to reach
San Juan, so their plight was not
learned by the Navy until the next
day.
Only 10 of the 1000 population of
the island are white, Cooper said.
Although the parachutes of all the
IS men who jumped opened, Cooper
said, three men failed to reach the
island and were presumed drowned.
Navy planes and boats searched the
ocean for two days without finding a
trace Of the missing men. The dis
abled plane was taken to st. Eusta-
tious.
Ensign Cooper now is stationed at
the u. s. naval air base in Puerto
Rico.
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1941-10-17

daily press, but this Is the first time
such q matter has occurred locally IN
sofar as we know since approximately
thirty years ago when the Mayor Of
Cape Charles received fine for mi
nor offense, the prisoner having
Skipped" to a far state.
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1941-10-17

To remove old tea and coffee stains,
wet the spot with cold water; cover
with glycerine, let stand for 2 or 3
hours. Then wash with cold water
and hard soap. Repeat if necessary.
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1941-10-17
EFFORTS BEING MADE TO
SAVE CRAB INDUSTRY

The United States Fish and Wild !
life Service has agreed to study the
Chesapeake Bay crab industry and
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1941-10-17

When regulating gas burner re-
member that blue flame gives good
heat and no SCOT.
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1941-10-17

Charged with preparation for
high treason" Czech Premier
General Alois Elias, above. has
been arrested by the Nazis. AT
the same time, q state Of civil
emergency was decreed in six dis
tricts in the German protectorate
Of Bohemia oravia because Of
"hostile action" to the Reich.
Evening star., 1941-12-04
Chicago Livestock

CHICAGO. Dec p, UNITED States
Department OF Agriculturei .-Salaole hogs,
$4,000. tota!, 21.nOu. fairly active, steady
to Ia lower moSt good and choice 100
24u pounds. 9n-lold top. lU.15 most
24O-32O pound butchers 9 75-l o 90; good
36n- 800 pound sows, a.l0-50; few lishter
weights. q 6u-,5.
Salsble sheep. + 600. total. 10000: late
Wednesday fat lambs and yearlings. 25-:i5
higher, fat sheep steady bulk GOOD and
choice fst native and fed western LAMBS
u 50-15. few choice lots. SIS; bulk fat
yearllnRS. 4H5-15; whltefaced feeding
lambs. I0.4o,5. ioday's trade fat lambs
and yesrllues slow: few early sales sood
fed lambs barely steady al 25-a0. hold
lng choice kinds around lI.15, few doubles
: ood and choice 90-9s pound fed yearNngs
5O-15 fat sheep steady; odd lot choice
.leht ewes, 500. bulk lights supply, ST.
Salable cattle. 46oo. calves 500. steers
and yeaTllnes steady TO strong. yesrlnRs
and light steers showing most strength.
largely .25-l@ so market; choice l.315-
pound steers up 10 - 50. best yearhngs
u 90 but no strictly choice yearlnEs
here odd head bringing 1925; heifers frm,
scarce; mostly medium to good kinds at
ln.uh-l 90: best around Il 80: cows arm
to shade higher; weightv cutters selling up
TO 7.25: most fat cows, 150-s 90; with
good kinds to S so and better and most
Gamers u "5 down 10 525: heavy sausage
bulls wanted actively al a.l5-40: light
bulls slow. steady at 7.25-s25; vealers un-
changed at - 81 down: mostly ! | 90
ZOO: stock cattle very scarce: all grades
and representative weights IN demand
Evening star., 1941-12-04
Washington Produce

BUTTFR-a3 score. tubs, 37ia. l-pound
PRINTS rs i.-pound prints, 3S' H2 score;
tubs. So I-pound prints, 80 q, s-pounG
prints B.. 81 score, tubs. 30: l-pouno
prints. 35l l4-pound prints, 30; go score;
tubs. 34' l-pound prints. 30; t-pounG
prints, 35t. 50 score, tubs. "a. pound
prints. 34l2. '.-pOund prints, Is. Ss score;
tubs. 33's l-pound prints. "a '4-pouno
L.IVESTOCK-Calves. -; spring lambs,
From Agricultural Marketing Service.
Prices paid net fob Washing or:
EGGS-Market about steady. Prices
paid for Federal-State Graded egES re
Celved from grading stations December {:
q" L S extras, mediums. 35-}h, mostly
A. q S extras mediums. 1896, mostly
3f. L standards. large. Il -3a mostly
20 Browns L S extras, large. ~; U. S.
extras mediums. 25. S. standards. large
2E Z standards. mediums. ~, U. s.
trades RI Nearby unRraded eggs. current
receipts. whites. mostly .u-32. some OF
better quality. heavier welSNtS, UP 10 3a
rolYed coorS mostly 30 Receipts. Gov
errment graded eggs. l1@ cases.
LIVE POULTRY-Market steady. Fowls,
coored. pounds and up. 1919: Lghorn
hens 3lz pounds and up, II. No. =. 10.
BOOSTERS 1914 Chickens Virginia Rocks,
broilers and fryerS all sizes. is No. -, l3:
Delaware and Maryland. Rocks and crosses
brollers and fryers. all sizes. is. No ..
l3 CaponS. 5-h pounds 25: : pounds and
up @S Turkeys, Young toms + pounds
ard up. 22-23: young henS 10 pounds and
up. @5-26: No = and underSizes, is.
Guineas young. all sizes. %; old. 10.
Evening star., 1941-12-04
Big Dividend Flow
5we||ed by More
Declarations
Allied Chemical Votes
Special Distribution
OF 81 q Share

By the Associated Press.
NEW YORK, Dec. 4.-The year
end flow of special and increased
dividends continued unabated today
Allied Chemical & Dye Corp. voted
a special distribution of So a COM
mon share, payable December 27 to
holders of record December l3 max
ing 194l payments of SO the same
as paid in 1910.
Diamond "T" Motor.
An extra dividend of so cents
common share, in addition to the
regular Is cents quarterly, was voted
holders of Diamond 1T" Motor Car
Co. stock, raising l941 payments to
Sl50 share from 25 cents in 1910.
The dividends are payable December
% to holders of record December IS.
Kansas City Southern.
Kansas City Southern Railway
voted dividend of 50 share on the
4 per cent n-cumulative preferred
stock, payable December % to hold
ers of record December 13. The pre-
vlous payment on the stock was 81
a share in December Of last year.
Evening star., 1941-12-04
Foreign Exchange

NEW YORK. Dec. uP-Late foreign
exchange rates follow Great Britain in
dollars others in cents,
Canade-Official Canadian Control
Board rates for U. S. dollars: Buying, 10
per cent premium; selling, IL per cent
premium; equivalent to discounts on Ca
madam dollars in New York of buyinr,
9.9l per cent; selling 9.O9 per cent.
Canadian dollar in New York open mar
ket. IL Is per cent discount or SS 5f3Ix
U. S. cents, up .06l4 of a cent
Europe-Great Britain, official bankers
Foreign Exchange Committee rates.. buy
ing, 4.02: selling, 4.04, open market
Cables 4.04
Latin Amerca-Areentina, official
o9.11; free. % So down 02 of a cent:
Brazil. official, 605n; free. 515n; Mexico.
20 6Sn
Far East-Hone Kong. 25.32: Shanghai,
$50.
Rates in spot cables unless otherwise
indicatedD Nominal.
Evening star., 1941-12-04
New York Cotton
BY the Associated Press.


NEW YORK, Dec. 4-Cotton fu-
lures moved 81 a bale higher today.
The strong spot basis in the South.
expectations for another upward re-
vision in the ceiling price for cot
ton goods and the proposal for a
sliding scale on loan rates furnished
the background for the buying
movement.
Trade price fixing was active and
a good demand came from commits
sion houses and New Orleans brok-
ers. Profit taking and hedging cut
the margin of gain, but good ral-
lying power was displayed on the
setback.
Late afternoon values were up
IS TO 70 cents a bale, December,
1857; March, 1858; May, 1705.
Futures closed 25 to 81 cents hale
Evening star., 1941-12-04
Chicago Grain
By the Associated Press.

CHICAGO, Dec. 4.-Profit taking
checked the wheat markets climb
today after prices had gained about
cent bushel, reaching highs for
the past two months.
Prices of other grains which were
at or near the best levels in aoout
month. weakened with wheat while
early gains OF more than cents in
soybeans were reduced.
Wheat closed is-I2 lower than YES
terday, December III. May 1929
l.22' corn l.-l2 down, December
1924 May 8li2; oats unchanged to
s. higher: rye unchanged to l., up;
SOVheaDS 1-13 bipne-
Evening star., 1941-12-04
Commodity Prices

Press weIghted wholesale prlce index OF
35 commodities today advanced 10 92 80.
Previous day. o. 30. week ago, 81 As.
month ago, ~ 30, year sgo, 1154.
1871. 1880. 1899. 1875
High ~ - 1A25 80 ASIA
Low - ~ Is - f3 IS 4l44
GG2S AVERAGE EQUALS 1909
Evening star., 1941-12-04
Westinghouse Shows
S15,S60,252 Net
In Nine Months
Result Compares With
Sl4,583,328 Earned
In 1910 Period
Hythe Associated Press.

BY the Associated Press.
NEW YORK Dec. 4-Westing
house Electric & Manufacturing Co.,
inclUGs..:.c subsidiaries. reported to-
day for the nine months ended Sep
tember 80 net profit of sl5660,252
after S29,443,045 provision for Fed
eral income and excess profits taxes,
equal to s59 share on the COM
bined I per cent preferred and COM
mon stocks
This compared with sli,5S3,328
after S6.452, 900 Federal taxes or s5.46
a share on the combined shares in
the first nine months of 1910.
The company's untitled orders
September 80 totaled S394,86l 959
against sl5l.665 .857 on September
30. 1910. Sales billed during the
first nine months we're 1863, ,709.773
compared with s174,998.003 in the
1910 period.
Evening star., 1941-12-04
Rail LOa dings Gain.

The Association of American Rail-
roads reported today that $50, ,189
cars Of revenue freight were loaded
during the week ending last Satur-
day.
This was an increase of 66.803
cars, or 8.4 per cent, compared with
the preceding week; an increase of
1864 cars, or 1873 per cent, COM
pared with year ago, and an in
crease of l80693 cars. or 264 per
cent, compared with 1899.
The report classified the loadings,
compared with last week and the
corresponding week a year ago. as
follows:
Evening star., 1941-12-04
| Sears DiscIoses
Big November
| Sales Gain
BY the Associated Press.

CHICAGO, Dec. 4.-Sears, Roe
buck & Co, mail order and retail
merchandise firm, today reported
November sales of $88 1862, ,972, a gain
Of 21.3 per cent over s73,322,817 in
November last year. For the first
10 months of the company's fiscal
year, sales we're s787,016, 082, up 30.4
per cent over $500, 3,462,l84 in the
like period last year.
Evening star., 1941-12-04
Construction Awards
Down IS Per Cent
During Week
$93,488, 900 Volume
Behind Year Ago by
Same Margin
BY the Associated Press.

oy Inc hSSOCldltO Press.
NEW YORK, Dec. 4.-Heavy engi-
neering awards declined this week
to S93,468,000. drop of IS per
cent below the previous week and
an equal amount under the same
week year ago, Engineering News
Record reported today.
A slump in private contracts was
mainly responsible for the decline.
For November engineering con-
struction awards averaged s87 200, 900
week, the publication said, a
level 7 per cent higher than Octo-
Der but 9 per cent less than No.
vember, 1910.
Evening star., 1941-12-04
Bus Order Approved
DOMESTIC

RICHMOND, Va, Dec. 4 tR,.-The
State Corporation Commission au-
thorized Richmond Greyhound
Lines, Inc, today to enter into con-
ditional sales contracts for the
purchase of IL new buses at total
cost not to exceed $4,000.
Evening star., 1941-12-04
Washington Exchange

SALES.
Washington Gas com-l00 at II;
20 at IT,
Capital Transit Colo at 1874.
Evening star., 1941-12-04
COttOnNeed Oil.

Beachable Cottonseed oil futures closed
, lower to higher Sales l53 con-
tracts. December, I3.l0b; March, bid;
May, 1915.
New Orleans Prices
NEW ORLEANS. Dec. 4 P-The cot
ton market closed 10 il points net high
er here today. lnfenced by mill buying
short covering and small private crop
Evening star., 1941-12-04

Wheat, No > mixed. l.I0 No 3. l.If3,
Com, u, n. oId. No ! yellow. IA; No ?. 76;
15-76; No. 3. 72-75ia. No 4 sS,i3I.
Oats No ! mixed. 81 No ! white. 5Sl5:
NO 52: No. 3. 4siz. No. 4 80 Barley,
mating .3-92. nominal; feed and screen
lngs. 45-5s. nominal Soybeans, No .
yellow II al 6sis: No. 3. 63I.-i .fbi,
Fleld seed per hundredweight. nominal:
timothy. 6.15-1 90; alsike 145n-IT 90 .
REQ ,op nd-S .; red clover, IS OO-l 90:
sweet clover. & 500 90 wv
Evening star., 1941-12-04
Dividends Announced

NEW YORK. Dec. 4-Dividends de-
clared. Prepared by Fitch Publishing CO
ntnl
Evening star., 1941-12-04

"EN UINICeIC TPIuS tATTdS- THI Pa ID
so far thls year 1eb 90 extra ~
ST 90 extra paid December Is, 1870
IN $500 extra Ck 30c extra. m 81 so
Evening star., 1941-12-04
New York Bank Stocks

NEW YORK Dec. I p National As
socIston OF Securities Dealers. Inc.
PlG Asked
Evening star., 1941-12-04
NEW YORK CURB MARKET
tBy Private Wire Direct to The st.rJ

Stock and Sales
Dividend Rate. Add 90
Evening star., 1941-12-04
BONDS
PUBLIC UTILITY.
STOCKS
PUBLIC UTILITY

WISNE LJI-NlNf
Ter Rf&W Cp Ist 4l4S I94s l02
Evening star., 1941-12-04

SALES.
Evening star., 1941-12-04

higher
Evening star., 1941-02-11
Bank Stock
Book Values Rise
Notably in Year
Anocostio Bonk Heads
List With Advance
OfS32.o3 Per Share

Significant increases in book values
of Washington bank stocks during
the year 1910 are revealed in a
survey being distributed in the
financial district by Johnston, Lem
on & Co
AnacoStia Bank stock led the
procession with gain of S32 93,
Riggs National came second with
an upturn of sl8.35. Security Saw
ings & Commercial stood third with
an advance of sl806. while the
Bank of Commerce & Savings came
next with a rise of more than SIS
per share.
Lincoln National and the Nc
Lachlen Bank added more than $40
per share to their book values dur
ing the year. Others we're for
smaller amounts. but every bank in
the Capital gained something in
1910.
The Bank of Commerce and Saw
ings has the highest book value of
any bank in the city. S4442l per
share Anacostia Bank is a close
second with s43l42 share. Wash
ington Loan & Trust Co. stands
third and Columbia National fourth
with s36899 and s356.60 per share,
respectively.
Banks Present Book Values.
The survey gives the book values
on December 81, 1910, together with
the 1910 gains, as follows:
Evening star., 1941-02-11
Your u. S.
Income Tax
Prepared by Bureau OF
Internal ReUenue,
Treasury Dept.
LOSSES ON STOCK
TRANSACTIONS

No gain or loss is recognized for
income-tax purposes as a result Of
the exchange of stock or securities
in a corporation solely for stock
or, securities in another corporation
in pursuance of a plan of reorgani-
cation to which both corporations
are parties or as result Of the ex-
change of stock or securities in
corporation solely for stock or Sc
curities in the same corporation in
connection with a recapitalization
Where money or other property is
received along with such exchanges,
taxable gain may result but no loss
is recognized.
The statute also prohibits the de-
duction for any loss from the sale
or other disposition of stock or Sc
curities where the taxpayer within
a period of 80 days before or after
the date of sale or other disposition,
acquires or enters into a contract
or option to acquire substantially
Identical stock or securities.