davidaulloa/AmericanStories huggingface dataset:
Milford chronicle., 1956-07-13
On the House
By DAVID c. BAREUrHsR
AP Reel Esfuse Editor

GROWING PAINS are beginning
| TO develop in the national home
| Improvement program. One is the
return of the high pressure oper-
ator-something to be expected as
much as flies around the picnic
basket. The most unusual develop
ment, however, has been the haz-
ard of speeding obsolescence by
over Improvement.
Apparently it's "a fine idea to
| spruce up your home and put in
some modeTn equipment, but if you
oyerdo this-such as yielding to the
urge to have swimming pool and
| three-car garage in a neighbor-
hood of little houses-you may
risk as much of loss in value as
if you had done nothing.
"A common cause of economic
obsolescence," according to an ap-
praiser, lis over improvement or
under Improvement. This form of
obsolescence occurs when the prop
erty fails in its appeal to the typi-
cal buyer" The authority is Rob-
ert ID. Bloxom of Seattle, discuss
luS dCPl SNidIiOli III lii6 hSflGW VI
the Society of Residential Apprais-
ers.
IAN example of over improve
ment,' says Mr.. Bloxom, would be
large expensively built, two-story
brick home having four bedrooms
and two baths, recreation room and
fireplace and located in neigh
borhood where the typical price
range is $4,000 to $4,000 This
house might very well sell for
$4,000 to S25,000 in a neighbor-
hood where the price range is
$4,000 and up, but what would it
sell for in the lower range neigh
borhood?
Suppose that after being on
the market for we'll over a. year,
this home sold for $4,000 By
comparing it with sales of similar
brick homes in higher priced dis
tricts it might be estimated that
this same home in a district where
it was typical would sell for
s22,5O
''The measure of economic OBJ
solescence here would be $780,"
So good way to keep up with
the Joneses seems to be to stay
in their class.
Milford chronicle., 1956-07-13
John NJ. Longbothanl
Installed AT Milford

Continued from first page)
No. IL, Rehoboth.
District Commanders No. /, DON
aid Campbell, Post No. 27, Whining
ton; No. 2, John Beausang, Post
No. so, New Castle County; No. 8,
Kenneth Aiken, Post No. z, Kent
County: No. 4, Ralph H. Lyons,
Post No. 8, Sussex County.
District Vice Commanders: No.
/, c. Stanley Lintner, Post No. 21,
Wilmington; No 2, John G. Muir
ply, Post No. 4, New Castle Coun-
ty; No. 8, John Y. Teal, Post No. q,
Kent County; No. 4. Lawrence w.
Rowe, Post No. 26, SUSSEX County.
Mr.. Charles A. Burrows, Jr., Post
No. IA, Smyrna, Delaware, National
Executive Committeeman and Mr..
Harry S. Zerby, Post No. s, George
town, Delaware, Alternate Execu-
tive Committeeman, who were re-
Gently elected at the Department
Convention, were presented at dhe
installation ceremony.
The following members of tae
Executive Department Committee
appointed by Commander Long
botham were introduced: District
No. 1, William N. Cam, Whining
ton, Post No. 1; District No. 2:
Morris Wasserman, New Castle
County, Post No. 80; District No. 8,
Walter g. Newton, Kent County,
Post No. 2; District No. 4, Edward
S. Philips, Sussex County, Post
No. 6.
Mrs. Elwood Short, newly elected
President, Department of Del
aware, American Legion Auxiliary,
Sussex Unit No. s, introduced her
Department Officers.
Among the awards presented
were a Past Commanders Pin and
Citation Card from the National
Commander for outstanding service
to the retiring Department Com
mander, Morris Wasserman.
Members of the Milford Post and
Auxiliary Unit entertained at a So
cial hour following the Installation.
Milford chronicle., 1956-07-13
State Hay Crop May
Be Cut BY Rains

Continued from first pager
will have similar difficulty with the
wheat crop, Professor Worrilow
said.
More than a half inch of rair
fell last evening during a thun-
derstorm that plunged the mer.
curry from the low Sos to a com
Portable II, shortly before z p. m
There was also some rain in
the morning. The total rainfall
for the month now stands at 2.36
inches. July, according to the u. S
Weather Bureaus forecaster at the
New Castle County Airport, will
be a wet month, but will not SET
record for precipitation. The
all-time record-13.55 inches-was
set in July, 1919.
By summer standards, yesterday
was not too warm, but the humid
ity, which stayed in the SOS and
COS during most of the day created
disagreeable effect. The temper
ature reached high of "a degrees
at 4 p. m, and low for the day
of II at p. m.
Contrary to general belief, rain
fall was not unusually heavy in
April, May and June, but was be-
low normal during those three
months, the forecaster explained
The respective figures are: April,
2.80; May 2.12 and June, 3.58. Last
year, Delawareans were experience
ing the driest July on record. when
only .16 inches of rain fell during
the entire month.
Milford chronicle., 1956-07-13
DickersOn Has
announced Candidacy
For Treasurer
(Contipuad from f,rst nage

Continued from first page)
a vigorous and energetic campaign
and, if elected, will utilize my abili-
ty and knowledge of state financial
matters to the fullest for the execu-
ton of the duties of State Treasur-
er for the best interests of all of
the citizens of our State.
Howard HI. Dickerson was born
on. farm near Laurel, Delaware
and has lived in that area all of his
life. He was educated in the pub
lie schools in and near Laurel and
attended Wesley Junior College at
Dover, Delaware and Millersville
State Teachers College at Millers-
vile, Pa, following which he taught
school for seven years in Sussex
County. Since that time, Mr.. Dick
erson has engaged in business and
farming and is President of How
ard H. Dickerson Company, dis
tributors of feeds and fuels in
Laurel and vicinity.
He is a member of Hope Lodge
No. 4, A. F. and A. M; Tall Cedars
of Lebanon; Delaware Consistory
and Nur Temple; Charity Lodge
No. 27, l. o. o. F.; Vigilant Coun-
ell No. 10; Jr. o. u A M; Broad
Greek Grange No. SO; Farm Bureau
and Laurel Rotary Club.
Mr.. Dickerson presently serves
as Trustee and Member of the
Board of Stewards of Centenary
Methodist Church and has been
Secretary of its Sunday School for
many years.
His public service began as a
member of the Laurel City Coun-
Gil and in 1925 he was elected a
member of the State House of Rep
resentatives. In 1947 he was elected
to four-year term in the State
Senate and was member of the
Finance, Education, Building and
Highway Com,uittees. During the
last two years OF his term he serv-
ed as Minority Floor Leader of the
Senate. He was elected State Tfea-
surer in 1854, in which office he
now serves.
Mr.. DickerSon is married to the
former Mary Phillips of the Laurel
area and they have two children
and four grandchildren.
Milford chronicle., 1956-07-13
State Farmers Eligible
For Soil Bank
Payments
(Continued from page onel

CONTINUED from page one)
program will be reviewed and
that changes will be made based
on the experience we have this
season."
The exact payment rates which
each farmer can earn for taking
part in the Soil Bank acreage re-
serve plan this season are being
determined now by the Delaware
State and County ASC committees,
Simpson said. They will be based
on the average per acre produc-
ton for the past 5 years or more.
He noted that national average
ia1es for 1866 crops of corn and
wheat are 90c per bushel and S1.20
per bushel respectively. However,
the exact amount varies from state
TO state and even from county to
county, he said
Milford chronicle., 1956-07-13
Big Weekend Racing
At Ocean Downs
CONTINUED from first pagel

Continued from first page)
Laurel and second in last weeks
y 500 Delaware stake here; Crys-
al Royal, Mighty Blaze, Benny's
Day, Shakeup, Swish and Lady
Hcky.
Twenty jet-propelled PAGERS have
JeeH named for Saturdays $1,000
Governors Cup feature, including
Ii-Lo's Mite, winner of the 6pen-
ng night feature here in 2:05 1I5,
asteSt performance of his career;
Mabel Rosecroft and Inga Lue
both of which have records of 2:O3
IS on half-mile track; Gypsy
al Impkin, Top Rosecroft and
Dther speedsters. Also among the
aoDlinees is Jill's Boy, which scor-
ID here last week in 2:O8 for his
Ourth victory in five starts, the
,wiftest in 2:05 S/5.
Next weeks racing at Ocean
Downs will be reminiscent of har-
ness racing's famed Grand Circuit,
since it will feature the tracks
our big stakes.
The $4,000 Trot and $4,000 Pace
# the Ocean Downs Raceway Stake
No. 3 for two-year-olds will be held
IN Monday and Tuesday respec-
lively, and viii bring out the top
'rosh performers from world fam
pus stables such as those of Billy
Del Miller, Harry Pown-
all. John Simpson and others.
The $4,000 Sammy Adams Me-
mortal Trot, an annual fixture, will
be held Wednesday. Then the &c.
900 tror and $1,000 pace of the
Ocean Downs Stake No. 2 for
ahree- -year-olds will be held Thurs
lay and Friday respectively, with
stars such as Queens
Knight, Bachelor Hanover, Knight
Patrol, Adios Volo, Spring Special
and other sensations staked in the
pace.
Milford chronicle., 1956-07-13
Famous George Wong
Troupe At The Fair

Continued from page one)
skill in acrobatics in swift-paced
hand-balaneing and pyramid build
ing routines that become a swirl
ing flash of graceful motion. Their
many-hued oriental costumes give
the act a gay and festive air that
brings added sparkle to an already
brilliant performance. Fresh from
a tour of the South American Re
publics, the George Wong Troupe
is making its first appearances in
fairs and park in the east this sea-
son. Under the direction of New
York born George Wong, the other
members of the group are natives
of Kwangtung, China. Raised from
childhood in the skills and tradi-
ions of the circus, each member
brings a unique talent that makes
the George Wong Troupe a must
for visitors to the Kent and Sus-
sex County Fair.
Milford chronicle., 1956-07-13
Vacation Driving
Can Be Dangerou:
(Continued from mage one,

tCOnliuueu from page OnS1
in good condition at all times, (3l
scheduling your driving for day
time hours and allowing for occa-
sional breaks ito minimize fatigue.
and (4) obeying traffic signs and
signals.
IF driver starts out on the road
fully determined to follow these
common sense rules to protect
himself and his family in highway
traffic, there is little doubt that
his vacation will be safe as well
as fun" Mr.. Ashton said.
He said that the purpose of the
vacation safety program being con-
Quoted this month is to reduce the
high toll of traffic accidents dur
ing the vacation period by empha-
slzing the individuals responsible
ty for traffic safety.
Safety is a give and-take propo-
sition," he said. IF you want the
other fellow to do right by you on
the road, you've got to do right by
him.
Milford chronicle., 1956-07-13
ALL WAS WELL

BARDSTOWN, Ky. = up = Jim
Avis posted two youths as guards
for the night at his tavern when
he saw a bolt had been removed
from a window and figured burg
lars were preparing for call.
At three a. M, pretty late for
any burglary work, the guards de-
cided all was we'll and went home,
That's when thieves showed up and
made off with seven or eight cases
of beer and the cash register, con-
tanning a small amount of money
Milford chronicle., 1956-07-13
Milford Has Placed
-Four In Tournament
(Conrtnued from r.uaa,

'1on''nued from Ddge one)
record 81; Harvey Roy Kenton
1r.' iF-oF, Milford, batting aver
age. 1852.
Milford chronicle., 1956-07-13
COOL WATER

PANAMA CITY, Fla. II (A') II
On the day Bay County citizens
were to vote on bonds for a coun-
tywide water system, Panama City
radio station WDLP kept the issue
in everyone's mind by playing no
music all day except the sonl
Cool Water
The voters approved the water
system by a huge majority.
Milford chronicle., 1956-07-13
GUN COLLECTION

LYNCHBURG. Va. = Up = Jake
benson thinks he has one of the
finest gun collections in America
He began collecting in 1880, has
more than 80 antique guns, the
oldest fiintlock rifle made by Sim
on North in 1927. The Oldest pistol
is a Colt Dragon made in 1913.
Milford chronicle., 1956-07-13
FEELS THE PINCH

OKLAHOMA CITY = Up = Po-
lice said a burgler entered house
and pinched the sleeping house
wife on the leg before taking her
purse and $13. The woman said she
vaguely remembers being pinched,
but went back asleep.
Milford chronicle., 1956-07-13
FIRE CHIEF RINGS ALARM

SANTA FE, N. M. "A up IL Who
turned in the alarm when fire
broke out in a cafe here?
Well, everybody in the place was
busy helping carry out the cash
register and other articles.
Fire Chief Ellis Bauer happened
TO be driving by. He saw the COM
motion and rang the alarm. Dam
age? 81 500 worth.
Milford chronicle., 1956-07-13

of the 10000 Americans en-
ployed in atomic energy plants.
99.7 per cent are considered stand.
ard insurance risks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-04

HaAs o. dtvidenoa n the foregoins
taole ere annual DISBURSEMENT besed
On tne last quarterly o. semi.annua
oeeiaration vnles, otheruins noted spe
cal o. extro dfvidrnds are nof inrji,deo
. Also extra o. eItrat Q Annuai rafs
plui ttoek dividend Declared on oaid
" 1895 pins stock dividend DecisreT
o. peic 70 fai this yeaf Pags6,s n
asoel ourlne POS estimated cash vaigs
e1 e1-divlcenc o. ex.cistrioution late
faio fnai yeaf \ Declared a. nafr
after stoek divtdeno OF split-uu ELt
slAre1 = oaio this rear an aeeumula
1--WE issue stir divldends An nrraar,
rag thta wear civideno Omitted a..
terreo o. &C eetiop taken q iasl oiVi
qsnq meettne Declares o. paId II
yoq plut stoeg dividend Payabls M
stoee cnring 500 estlmatsd easb safus
o1 ea.qiyldeoe q e1-diatributiop dafe
Lsglidatins qividsnd go csiied Tfs
olyloend x-dq - DISTRIBUTES a -
asTTssss " Wsss sls. stsass T wssee
lssued % NsHi dly dsiissry .in eanf.
ruptcg ~ secasxefMnir a. naino rnoT.
eaearitim ASSUMED ~ such eempanisa
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-04
NEW YORK COTTON

NEW YORK. Nov. 3 tR,.-warfare in
Esypt gave potent life this week to
domestic cotton futures prices.
Aetlve future contracts oil the New
york Cotton Exchange scored net gains
Tanglng from 30 cents to 500 q bale.
While the strife in Egypt was the chief
factor behind the active buying OF do
mestic Gotten for future delivery. there
we're other bullish forces. Chief among
these were. the favorable long-range as
poets OF the ACKNOWLEDGEMENTS sol,
bank and sales-for-expoTt progralns
Oherinss were furnished through
hedge selling and. Liquidation by a leao-
ing spot houselof the current December
contract. Late m the week. profit taking
chipped away ~ earlier gains.
OF considerable interest in the trade
was the announcement that entries OF
cotton into the Government loan for the
seven-day. period ended october 20 had
set weekly record for the current sea-
son at 3O5. 900 bales.
The Agriculture Department said the
average price received by growers for
their cotton had declined in mid October
to 81 "a cents from $3.50 cents In Sep
TENDER. and was also below the year-ago
price OF 80 SO cents a pound
Exports for the week ended Tuesday
were estimated by the New York Cotton
Exchange Service Bureau at SO. 900 bales
vs.. $4,000 the previous week ord
rs, 900 bales in the like 1858 week.
Total for the season througn tuesday
was estimated at 1,167 900 bales VS..
36s 600 at approximately the same time
last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-04
Stock Prices
Gain Despite
Crisis
BY ED MORSE
Associated Press Financial Writer


NEW YORK, Nov. .3.-The
stock market rode out the war
crisis this week and made its
first gain on average in three
weeks. The Associated Press av-
|erage Of so stocks advanced 81
to $1,000.
The financial reaction on
Wednesday was classic behavior
on war news. Stock prices broke
and commodity prices rose on
fears of shortages.
The decline represented an es-
Itimated drop Of $2.8 billion in
the quoted value Of stocks listed
on the New York Stock Exchange.
President Eisenhower's state
ment Wednesday night that the
United States would not become
involved in the mideast strife
brought an Overwhelming re-
bound Thursday that wiped out
the previous days losses. This
recovery continued mildly yester-
day.
The i've most active issues on
the New York Stock Exchange
were: United States Steel, up
ia at 705s on 174,30O shares:
Standard Oil New Jersey, I'D
az at Sta; Avco. UP u at 6ls;
General Motors off 4 at 46s4.
and Georgia-Pacif1c Corp, off
IL at 1924.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-04
CHICAGO GRAIN

CHICAGO. Nov. 3 @.-orains moved
Up early and came down late on the
Board of Trade this week. Some came
down faster and further than they had
1t was q week dominated by fnterna-
the grain trade to appraise II and act
upon IT, This produced highly confus-
ing markets. accurate mirrors OF the
trades impressions.
=, Wheat closed the week UNCHANGED to
z lower. corn is-7s higher, oats Is-1 81
lower, rye 1z-2M lower, soybeans j u
70 cents higher and lard 10 to is
cents . hundred pounds lower.
Before the form reversal all wheat
futures swept UP to new seasonal highs,
as did all rye futures Some oats and
soyoean contracts also knocked out
with International DEVELOPMENTS bian-
keting the news, not m.ch attention was
paio 70 routine grain events until late
IN the week. At that time a storm
conferred in the Great Plains and dumped
snow and rain over a wide area. adding
70 the pressure on wheat prices.
The weeks international events seemed
neither to increase nor decrease the
export market for American grains.
Both Israel and Egypt have obtained
grains and oils in the United States, as
nave Great Britain and France
Range OF prices for the week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-04

JOINS SECURITIES FIRM
Rear Adm. C. Grifith
Warfield. retired, has be-
come a associated with
Johnston, Lemon g. Co.,
investment bankers. Until
recently he was assistant
controller Of audit, Navy
Department. He started
his Naval career in 1917.
Between the World Wars
he operated Wartield Mo-
tor Co. here.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-04
YOUR
MONEYS WORTH
Four Stock Market Truths
0V SYLVIA PORTER

the much quoted theory that
Wall Street thriveS on war talk.
On the contrary. The New
York Stock Exchange a few
months ago made a study of the
markets day-to-day fluctuations
over a 21-year period. 1t found
that there were So days during
which the market reacted sharp
ly to war fears or war news. On
81 of these days, the market
declined. The seven exceptions
were during the fall Of 1899 and
June Of 1940-and all were based
on the mistaken belief that we
would not get involved in a
shooting war but would Just get
lots Of war orders.
(copyrisht 1855. Hall Syndicate. Incl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-04
HOW WALL STREET journal
READERS GET MORE
OUT OF LIFE

how to interpret business and
government trends a little better
than they do. They wonder where
! get my inside dope"
This story is typical. Because the
reports in The Wall Street Journal
come to you daily, you get quick
warning OF any new trend that may
Affect your income. You get the
facts in time to protect your inter.
ests or seize a profit. The Journal
is wonderful aid to salaried men
making $1,000 to $4,000 a year.
1t is valuable to owners Of small
business concerns. Il can be Of
priceless benefit to ambitious young
men.
The Wall Street Journal Is the
complete business DAILY. Has
largest staff Of writers on business
and finance. The only business paper
served by all four big press associa-
tons. 1t costs $40 a year, but you
can get q Trial Subscription for
three months for Sc. Just tear out
this ad and attach check for Sc and
mail. Or tell us to bill you. wsu.1
a Broad Street. New York 4, NY.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-04

The action of the stock mar
ket in this final week before the
presidential election has brought
home four major truths:
The threat of war is far more
vital in deciding the movement
of stock prices than any politi-
cal event;
The basic trend of business Is
far more important in determine
ing the long-term direction of
the stock market than the name
of the party which controls the
White House or Congress;
A war scare sets of a slump,
not a boom. in Wall street;
And the stock market almost
always is more inclined to de-
cline on bad news than to rise
on good news.
During most Of Monday stock
prices were in a spirited recov-
cry, and favored on the advance
were stocks of corporations which
had just announced fat earn
ings statements or increases in
dividends or excellent prospects
for profits.
Half an hour before the close
came news Of Israel's invasion
Of Egypt.
Within 20 minutes, the big
gains had been cut to nearly
zero or turned into losses. And
the leaders on the decline were
such stocks as Royal Dutch, Gulf
Oil-companies with major in
terests in the Middle East.
There you have ia funda-
mental lesson on stock market
behavior in q single days trad
ing session.
The favorable report about the
Presidents health which had
been widely publicized Monday
morning. the general belief that
Mr.. Eisenhower will win on
Tuesday. couldn't sustain the
stock market against a war scare.
The argument that this sort
Of mess means Americas spend
ing ON defense will remain huge
and this spending will be a
significant prop under our econ
omy couldn't hold back specula-
tive selling.
The scare, the uncertainty all
OF US feel about today's mo-
mentous events abroad--these
were the dominant forces.
There is simply no validity to
the much quoted theory that the
outcome Of a Presidential cleo
ton is a key stock market factor.
There is simply no validity to,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-04
BY a Subscriber

Since ! started reading The Wall
Street Journal, my income has in
creased from $4,000 to $4,000 a
year.
But that is only part Of the
ct, =. TIE Journal not or,,y tells
ns how to earn more monoy-it
also tells me how to get more value
for the money spend.
For example, an automotive
article in The Journal heiped me
trade in my old car at the right
time. An article on Building syn.
plies gave me ideas Oh remodeling
my home and showed me how to
save 500.
Articles on food and clothing
point out the things to stock up
on in order to save money. Articles
on taxes guide me on what to do
to keep my taxes down.
The Journal also gives me a bet
ter understanding of what is going
on in the world. In conversation
with other men l find that / know
Address: The Wall Street Journal,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-04
N. Y. BANK STOCKS

NEW YORK. Nov. 8 @.-National
Association OF Securities Dealers, Inc:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-04

= ~ NV 49,
or sales in full Rates
table are annual dis
quarterly or semiannual
noted. special or extra
q Also extra or extras.
end d Declared or paid
e Declared or paid so
stock during 1855. esti-
ldend or redistribution
Jared or paid after stock
ed or paid this wear, an
ends in arrears. D Paid
deferred or no action
!. rDeclared or paid in
Payable in stock during
4 ex-dtvidend or ex-dis-
dividend. cid Called
ributioIl. xr Ex-rights.
til warrants wd When
nd Next day delivery.
ip or being reorganized
: securities assumed by
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-04

FODll OF bfeoluB ~ Snareo
Of dividends in the foresoins
bursements based on the last
declaration. Unless Otherwise
dividends are not inciuded.
b Annual rate plus stock dividl
in 1855 Plus stock dividend.
far this year. Payable in /
mated cash value on ex-divi
date. & Paid last year h Dec
or split up. ,Declar
accumulative issue with divide
this year, dividend omitted,
taken at last dividend meeting
| 1886 plus stock dividend Il
800 estimated cash value OF
tribution date. y Liqu.datinl
Ex-diy' iend x-dis Ex- dist
XIV Without warrants WV WI
distributed wi When issued,
In bankruptcy or receiversh
under the Bankruptcy Act. o
such companies,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-04
OVER fHE COUNTER

The following bid-and-asked prices are
obtained from the National Association
OF Securities Dealers, Inc, and other
sources. but are unoflcial. They do not
represent actual transactions: they are
intended IS q guide to the approximate
range within which these securities could
nave been sold Indicated by the ''bid"1
OF bought Indicated by the "asked"J at
me time OF compilation (12 noon Fri