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Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-03-30

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Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-03-30

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Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-03-30

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Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-03-30

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The Washington times., 1931-09-28
FRAUD
LAWS URGED

Henry r. Hayes, vice president,
Stone & Webster and Blodget,
Inc, in an address before the an
nual convention of the National
Association Of Securities Commis-
sioners in Oklahoma City urged
uniformity in the laws governing
the issuing and marketing of Sc
curities and placed particular en-
phasis upon the Importance of
having such laws of all states
codified Ore closely related.
He stated that new securities
acts or notifications of existing
acts were proposed in 33 States
this year, making a bewildering
mass Of unrelated legislation that
might we'll allow misinterpreta-
ton to the possible advantage of
those intent upon fraudulent
practices.
Mr.. Hayes said vigilance has
been exercised by the Post Office
Department, the Department of
Justice, State prosecuting Off
GERS, Better Business and pro-
tective bureaus against fraudu.
lent securities transactions, but
uniform laws, would add greatly
to the public'S protection.
The Washington times., 1931-09-28
Blue Ridge Declares
Preference Dividend

The board of directors of Blue
Ridge Corporation has declared
the ninth regular quarterly divi-
dend on it's Optional 6 per cent
convertible preference stock, Sc
rieS of 1929. payable on December
/, 1881, to stockholders Of record
at the close of business on No
vember S, 1881, at the rate Of
1.32nd of one share of the COM
mon stock of the corporation for
each share of such preference
stock, or, at the option of such
holders providing written notice
thereof is received by the corpora,
ton on or before November Is,
193D at the rate of rs cents per
share in cash.
The Washington times., 1931-09-28
MONEY.
IS FORECAST
BY HANEY
Higher Rates in Event Either
of Genuine DetIation, or
Initiation, Says Economist
By LEWIS HANEY
Director New York University,
Bureau Of Business Research,

A somewhat tighter money
market has long been brewing. A
month or two ago I commented
on the signs, and recently
pointed out that a part of our
huge gold supply is really not
ours.
New York money rates have
been abnormalIy and artificially
low. The reasons for this are
obvious. There is little demand
for funds.
N. Y. is Magnet
On the other hand, funds
have accumulated here, following
the end of the bull market. be.
cause there is nothing else to do
with them. On top of these fac
tors, the Reserve Boards easy
money policy has been operating.
But meanwhile, there has been
a general freezing of credit.
Bank failures have been numer.
Gus. Much boarding" of money
has gone on, with money in
circulation" (but not circulating)
in record amounts.
Now comes great disturbance
IN foreign credit and monetary
systems, leading to Withdrawals
OF foreign funds. France, Scan.
dinavian countries, Holland, and
Switzerland want gold.
Supply Reduced
All these things reduce the sup
ply of funds here.
In addition, the ominous excess
of our merchandise imports over
our exports in August is threat
that gold may have to go out to
settle our trade balance.
Now we find the bank accent.
ance rate rising, time money is
firmer, and there is even talk Of
an advance of the Reserve Banks
discount rate.
Two Alternatives
We are getting to a point, I
think, where we must do one of
two things. We must either ahan.
don the past sort of pussyfoot in
flation and 80 through with defla-
tion, including an abandonment Of
easy money policies, or we will be
forced into a more drastic infla-
tion than any yet contemplated.
Either course would seem to in
dicate higher money rates.
The Washington times., 1931-09-28
AMTORG TRADE
HERE DROPS

Purchases of United States
goods by Amtorg Trading Corp
grafton during the first eight
months of 1881 totaled $48,500,-
900, compared with $88, 1000 in
the like 1880 period, Peter A.
Bogdanov, chairman, stated.
In contrast with this, pur-
chases by Soviet trading organ
izations in Germany this year
are largest in the history of
trade relations between the two
countries. Orders placed during
the first six months of 1881 were
$4,000, 900 or 95 per cent above
those for the lie 1880 period.
Long term credits have been
an important factor in increasing
European purchases.
The Washington times., 1931-09-28
SALES Of LIME
CUT IN 1880

The lime sold by producers in
the United States in 1880
amounted to 1887 $50 short tons,
valued at $25,616,486, according
to figures obtained from a com.
pilation of reports made by lime
manufacturers to the United
States Bureau of Mines, Depart
ment of Commerce. This repre-.
sents a decrease of 81 per cent
in quantity and % per cent in
value as compared with 1929.
Sales of lime used in the manu-.
facture of chemicals-1.84O,155
tons, valued at $13,193.437-de-
creased 20 per cent in quantity
and 81 per cent in value; lime
sold for construction-1,2O4,6 GA
tons, valued at STOCKHOLDERS
creased q per cent in quantity
and 80 per cent in value; and
that sold for agricultural pur.
poses-343,111 tons, valued at 81
372,779-increased per cent in
quantity but decreased slightly in
value.
Ohio, the largest producing
State G36,305 tons, valued at
$5,711,S55 in 193O), showed a de.
crease of % per cent in quantity
reported, and Pennsylvania $685.
$40 tons, valued at $4,661, $40 in
1880, decreased 10 per cent in
quantity. The total number Of
plants that reported operations
IN 1880 vas 375, six less than in
1929.
The Washington times., 1931-09-28
CHICAGO LIVESTOCK

CHICAGO. Sept. % GNsD.
Hogs-36,O0O steady. Top, S.. so;
bulk, $4.50@5.40; heavy, S4.856
$50; medium, $5.1O@5.6O; light.
$50 $50; light lights, $4.90@5,35;
packing sows, $4.25@4.9O; pigs,
$4.25@4.75. Holdovers, 1000.
Cattle - $4,000; Csc lower.
Calves: 5000; steady. Beef
steers: Good and choice, $8@9.5O;
common and medium, $508;
yearlings, 5000. Butcher cattle:
Heifers, $309.50; cows, $500
$50; bulls, $3.25@5.5O; calves,
$7Q10; feeder steers, $407;
stocker steers, $3.75@6.75; stocker
cows and heifers, S3.50@5.
Sheep-25,000; steady. Lambs,
$6.50@7.25; common, $404.5O;
yearlings, $4.50@5.75; ewes, $10
$50; feeders, $4.75@5.50.
The Washington times., 1931-09-28
BUSINESS index
LOW| IN AUGUST

The consolidated index of busi-
ness conditions, compiled by the
Business Economic Digest from a
weighed combination Of various
individual indices of business con-
ditions, reached for August the
lowest point on record with a fig
ure of 68.4, a mark below even the
levels reached after the War of
1912, the War of the Rebellion,
and Immediately subsequent to the
World War.
It shows a fall Of Az per cent
from the revised figure Of TIC for
July and Of II per cent from the
figure of 82.6 for August, 1880.
From the peak figure Of 113.5,
reached in May, 1929, it shows a
fall of approximately 40 per cent.
This index of business activity
records cyclical fluctuations only:
long-term growth and seasonal
variations are eliminated.
Present indications, according
to Gage P. Wright, president OF
the Business Economic Digest, in
dicate that the September figure
will show little change.
The Washington times., 1931-09-28
NeW Cars in Service
1866 in 8 Months

Glass l railroads of the coun-
try in the first eight months of
1881 placed 1855 new freight
cars in service. the car service
DIVISION of the American Rail.
way Association announced yes
terday.
In the same period of 1890 a
total OF 64,418 new cars were put
IN service and during the same
period Of 1929 the number was
81 800. New locomotives this year
totaled 103 against 56l last wear
and 474 in 1929.
The Washington times., 1931-09-28
Days Gold Purchases
By Bank of England
Just Pin Money!

LONDON, Sept. % QN.SD.
The Bank of England, which
until a little while ago dealt
almost exclusively in sums of
money that staggered the imagi-
nation, announced this after
noon that its days gold pur-
chases totalled just 327 pounds
approximately $1,373O
The purchases represented ap-
proximately one-fifth of one
bar of gold.
The Washington times., 1931-09-28
DR.. Klein DepLOreS
10 Billions Waste

More than $4,000. .00O, 900 a
year is wasted in the distribution
system of the United States, AS
Sistant Secretary Of Commerce
Julius Klein declared last night.
Speaking over the Columbia
BroadcaSting Company's network,
DR.. Klein said there is in sight
a prospect for reorganization OF
the whole system of distributing
commodities and goods-promis-
ing to give more for the money
to the consumers and result in
stabilization Of business profits.
The Washington times., 1931-09-28
Supply of Coffee
Sets NeLU Record

The worlds visible supply OF
coffee stocks, including the stocks
in the interior Of Brazil, touched
a new high record on September
/, last, of 30,214,728 bags, accord
ing to an estimate Of the New
York Coffee & Sugar Exchange.
AS Of August l, last, stocks
totaled 27,9S6,952, bags and on
September I. 1880, 29,2O9, ,976
bags.
The Washington times., 1931-09-28
ALL OBSERVERS
PUZZLED BY
MbIRKFT
Reaction Saturday to Weeks
Lowest Averages Upsets
Bull TheoriSt Prophecies
By THF SPECTATOR

NEW YORK. Sept. 28.-Efforts
to explain the constantly charg.
ing whims of the market rave
proven so vain, even on the Fart
of the so-called insiders. that
comment on the outlook for
stocks as the new week opens is
strangely absent. Suspending OF
the gold standard by Sweden anu
Norway was expected to have
slight, if any, effect in Wall
Street.
Even chartists are bewildered by
the sudden and erratic turnab0uts
which have been experienced OF
late, and theories by this group
conflict sharply from all the
known evidence on hand.
Bull Predictions Upset
It all goes back to the heavy
selling days of last Saturday and
Monday, which at the time were
believed to have constituted a
genuine selling climax from which
an automatic rebound was in or
der.
The recovery developed accord
ing to expectations, but the sec
ondary reaction which followed
and wiped out virtually all Of the
advance, upset prediction OF
bullish onlookers.
AS measured by the Dow-Jones
Industrial averages, the closing
level on Monday a week ago was
109.40. In line with the theory
that a secondary reaction after
the initial upturn should have
been checked slightly above these
figures, the decline on Thursday
was not expected to tall below a
general level of 110-112. Instead
it fell through to 107 79
The further sagging of prices
In Saturdays abbreviated session
has carried this index to approx
snately this same level, or 1875,
to be exact.
Double BOttOL Fixed
Thus a temporary double bot
tom has been established, but in
order to convice observers that
q neV upturn is in store, definite
buying support must be encoun.
tered today somewhere around
these levels.
The Washington times., 1931-09-28
ROANOKE WAGE CUT

A 10 per cent reduction in
wages Of all employees, including
officers of Roanoke Railway &
Electric Co., and the Safety
Motor Transit Corporation, of
Roanoke, affecting approximately
200 persons, will 60 into effect
october !.
The Washington times., 1931-09-28
MOTOR ACCESSORIES

Shipments of service parts and
accessories to wholesalers during
August showed improvement over
July according to reports to
Motor and Equipment Association
from member automotive manu-
facturers.
The Washington times., 1931-09-28
White Pine Petition
Denied LUnlbermen

The Federal Trade Commission
announced yesterday it has de-
MED petitions of % Western
lumber companies for rehearing
in cases in which they were
ordered to stop using trade terms
which include the phrase white
pine" in describing yellow pine
lumber,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-10
HEART DISEASE HELD
RISING IN CHILDREN
DR.. Thomas Lee Declares Many Of
School Age Are
Afflicted.

More than 100000 American chill
dren, including 100000 Of school age
are suffering from heart disease and
the ailment "is increasing with alarm
ing steadiness," according to DR..
Thomas S. Lee, president of the re-
Gently organized Heart Association.
The statement was made in a radio
address sponsored by the tuberculosis
Association as part of its early dag
noSis" campaign.
Rheumatism is the chief cause Of
heart trouble in childhood, DR.. Lee said.
The malady often manifests itself as
an acute Inflammation of the joints,
but sometimes by chorea or tonsilitis,
and the pains are a warning the heart
is in danger, he added.
Such attacks may be prevented, Dr.
Lee continued. by avoiding exposure to
cold or dampness, and by adhering to
program which includes adequate
clothing, wholesome food and plenty of
rest, fresh air and sunlight. If rheu-
matic infection occurs, however, the
victim should take . complete rest in
bed and make the period of GONZALES
cence long one, he said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-10
open BELLEVUE
TO PUBLIC VIEW
Proceeds to Be Used for
Washington Birthplace
Restoration.

Historic Bellevue, on @ street. one
of the finest of the colonial mansions
in Georgetown, and now the property
of the National Society of the Colonial
Danes of America, will be open for
public inspection next Saturday from
. to z pm. Proceeds will go toward the
fund being raised by the District of
Columbia branch of the Wakefield Ma
tional Memorial Association for restora-
ton of the birthplace of George Wash
ington.
Bellevue was built about 1760, and is
designed in the beautiful and dignified
style Characteristic of that region and
period, with a central two-story building
and long low wing at either end. 1t
Is of brick with stone trimmings.
Moved without Damage.
How staunchly 1t was built is shown
by the fact that when in 1915 it was
moved to its present location on Q
street, because it stood in the direct
path of the @ Street Bridge. then to be
built. the central portion of the house
showed not even a crack after its jour-
ney. The wings, which had no cellars,
we're RACED and rebuilt brick for brick,
md with the same windows and doors,
} that the house was again In its orig
nol form. 1t stands on a terrace with
\ handsome retaining wall of colonial
design.
The house was named Bellevue by
Charles Carroll who became its owner
in 1913. He was cousin OF Charles
Carroll of Carrollton. and also bought a
large tract north of Bellevue, on part
Of which the Washington Cathedral now
stands. When the White House was
burned in 1914, Dolly Madison stopped
at Bellevue en- route to Virginia.
Charles Carroll added the portico to the
house in 1913.
Mrs. Harry Lee Rust is president of
the Wakefield National Memorial As
scciatiCn and Mrs. Howard L. Hodgklns
is regent of the District of Columbia
branch.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-10
w. VA. RESIDENTS HERE
WILL GATHER MAY Fl
Discussion to Be Held on States
Part in Bicentennial
Celebration.

West Virginians residing in Wash
ington are expected to meet here May
81 with Gov. William c.. Conley and
members Of the George Washington
Bicentennial Commission of West Vir-
ginia, according to committee which
met last week to formulate plans.
The meeting will be held in the cau-
Gus room in the House Office Building,
Chairman w. D. Gall announced. The
Overseas Band of the Veterans of
Foreign Wars will present musical
program.
All West Virginians in Washington
are invited to attend so they may be
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-10
HOOVER ACCEPTS
SPAIN'S new ENVOY
Diplomatic Custom Followed in
Submission of Name, Slim.
son Says.
BY the Associated Press.

BY the Associated Press.
President Hoover has accepted Saliva
dor Madariaga as Ambassador Of the
Spanish Republic TO the United States.
Announcing the decision yesterday,
Secretary Of State Stimson said the
name had been submitted by the
Madrid government prior TO the max
ing Of the appointment, as is customary
The new Ambassador probably will be
appointed shortly.
He succeeds former Ambassador
Pedilla y Bell, monarchist, who re-
signed his post upon the abdication Of
King Alfonso.
Each family Of exiles from st. Kilda
who were transferred to Scotland last
year TO escape the rigors of Winter on
the bleak island, has just been given a
set Of furniture by the Scottish Board
of Health.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-10
STUDENTS TO HONOR
SPEECH SCHOOL HEAD
Mrs. Anne Tillery Renshaw to
Depart May 10 for
Europe.

Mrs. Anne Tillery Renshaw will be
honor guest and principal speaker
Tuesday at a dinner given by the pub
lie Apeaklng class Of the Renshaw
School of Speech. Of which she is head,
al tho Mems University Club. Yoti Hi
rota. attache Of the japanese embassy,
aiso will speak
Each speaker will talk in the mode OF
the year lp4i Alvin c. Birdsau Will De
the toaatmAster.
Mrs. Renshaw will leave May 19 for
an extended trip abroad. She will be
the Rueat OF Mynheer Jan Viger, the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-10

informed, committee members said, as
to the part the State and its citiZenry
will have in the 1892 celebration. Gov.
Conley and Howard Sutherland,
member of the State commission, are
expected to speak.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-10
CARD PARTY PLANNED
Benefit for Stella Maris Club to BE
Held Friday.

Held Friday.
A card party for members Of the
Stella Maris Club Of st. Gabrlel's
Church will be given in the school hall
next Friday for the beneft OF the
church. Tables will be for bridge and
500.
Miss Kathleen Baker is chairman OF
the Arrangements Committee, assisted
by Mrs. r. DrisSel and Misses Dorothy
Collifower, Helen Collins, Mary Col
Inns, Helen Ryan and Mary MCCARTHY,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-10

Vultures are endowed with most acute
powers Of smell and vision, and are
said to be able to scent their food at
a distance of 40 miles.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-10
MOLE CRICKET

together with their other
friends of the forest con-
sented to an interview.
And w lille Miss Athey
was busy jotting down
the favorite sports and
pastimes, Miss Foley made
sketches of them. What
they do will be revealed to
you in q series OF little
stories entitled:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-10

Dutch councillor, while IN Amsterdam,
Holland. She also will study with DR..
Alfred Adler of the University Of vi
emma while in Austria.
The Wrangell sentinel., 1931-11-20

sta ,ions where observations are re- peated at 5-year intervals-in or der to determine the change of the earth's magnetism with lapse of time. The results will appear in Magnetic Declination in Alaska in 193O." A number of stations which had ceased to be available were re- placed to meet the needs of local surveyors.
 Continuous photographic records of variations of the magnetic ele- ments were made at the five mag netid observatories of the Coast and Geodetie Survey, which includes the one at Sitka. Auroral observations were also continued at Sitka. Mag netic information was furnished the Alaska Agricultural College and School of Mines at Fairbanks, in connection with the auroral pro- gram at that institution establish ed through grant from the Rocke- feller Foundation.
 Earthnuake Records
 Thanks to the helpful cooperation of the Bureau of the Budget and the Congress. the increase in funds for seismology permits a steady advance in this comparatively new field. The work is becoming more and more directed toward obtaining results of value to those who live in regions subject to strong earth quakes, and especially to engineers and architects who must design buildings and other structures. There has been no neglect, how ever, of the scientific side of the work. AS a result of increased CO., operation in the reporting of earth quake, the record is far more com other than local minor earthquakes have been continued to be obtain ed at the observatories at Sitka, Alaska, and Tucson, Ariz., at Homo lulu, fn cooperation with the Uni versity of Hawaii, and at Chicago, H., in cooperation with the Uni versity of Chicago. Preparations have been completed to install new instruments at Sitka and at the in ternational latitude observatory at Ukiah, Calf. In addition, a number of other educational institutions have installed seismographs and send the records to the Coast and Geodetic Survey for interpretation, an important aid in making the earthquake information complete for the entire country.
 Instruments are being developed for recording strong earthquake shocks, which should have a direct turn in preventing loss of life and property from earthquakes.