davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-18
WALL STREET AWAITS VISIT
BY BANK OF ENGLAND GOVERNOR
Changes in Rate Policies May Follow Con
ferences Between British and American
Financial Heads-Other Parleys.

removal of obstacles to the free use of
credit rather than the exercise of a
positive influence upon the credit and
business situation" However, the easy
money policy of 1880 did in the first
half Of the year foster a better bond
market, which it was hoped would help
domestic trade and. by permitting re-
sumption of foreign loans, increase our
foreign trade as well. These objects
were moved further away by what the
reserve bank called a series of unto
ward events" being the drought and
political and economic disturbances
abroad.
Discount Rates.
The New York bank cut its discount
rate last year five times, bringing it
down to 2 per cent, and this year has
made one cut to ia per cent the
lowest rate for any central bank ever
followed, but got no lower than az
per cent. This summer, threatened with
exhaustion of its gold reserves, the
Bank of England had to reverse and
two successive rises have restored the
discount rate to AZ per cent.
Meanwhile the Bank of England lost
approximately $160. 000, 900 in gold,
principally to France. This outflow now
has virtually stopped and the pound
sterling has recovered but the higher
discount rate had to be supplemented
by banking credit of $3.50, 900 900 at
the New York Federal Reserve Bank
and the Bank of France. This credit,
1t is understood. was drawn upon to
some extent at the start, but is largely
intact
Governor Norman and Governor Har-
rison, of the New York Federal Re
serve Bank, will have no difficulty in
finding interesting topics of conversa-
ton this summer. British credit is still
strong, but the position of British in
dustry is difficult and the help extended
to Germany and other European ma
lions in trouble has added to the strain
on the Bank Of England as a result
Of the withdrawal of French balances.
Recently the French have been turning
their Short-term investments in this
market into deposits at the Federal Re-
serve Bank and earmarked gold on a
large scale. whether this means ulti-
mate withdrawal of gold to Paris re-
mains to be seen,
tCopyright. 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-18
BY CARLTON A. SHIvELY.

Special Dispatch to The Star.
NEW YORK, August 18.-The report
ed early visit Of Montsgu Norman, gov
ernor of the Bank of England. to this
country is stirring up more than usual
interest In Wall Street Gov. Norman
has been here number Of times in his
long career as head of the Bank of
England, and the governors Of the Fed
eral Reserve Bank of New York have
made a few return visits. There was
time when visit by the head of one
important central reserve bank to an
other was fraught with grave import,
but the increasing spirit of cooperation
since the war has removed much of the
secrecy and most Of the special signih-
canoe from these visits.
Former Visit Recalled.
Even with improved transoceanic tel
ephone service experimenting the cables
and radio, it Is impossible to have COM
plete harmony on bank policy without
personsl consultation from time to time.
Wall Street in the past has sometimes
exercised itself with imagining discus
sions at these meetings which probably
were wide Of the mark On the other
hand, some very definite steps have at
times followed visits Of central bank
heads. Last year Gov Norman paid
visit to the Federal Reserve Bank au-
tIlorities, as he had done in 1929. In
1929 it may be recalled, after giving
up hope for central bank action as he
wished to stop speculation in the stock
market, Gov. Norman took the initia-
tive in putting up the Bank Of Eng
lands discount rate. He hoped that he
might thereby prevent the further sue
ton of funds to the New York market,
but he was not very successful.
Last Summer and Autumn the Bank
Of England and the Federal Reserve
Banks acted in harmony in cutting dis
count rates, and whereas additionally
the Bank of England had maintained
lower rate than the reserve banks, the
New York institution cut under the
Bank of England and still maintains a
discount rate much lower than that of
London. In London the prime motive
OF lower rates was a stimulation to
much haraSSed British trade; over here
a desire to help business was evident.
But perhaps the principal move was a
spur TO the bond market
AS the Federal Reserve Bank Of New
York pointed out in its annual review
OF 1890 operations. in a period of de-
clining business activity the function
Of bank Of issue becomes as a rule.
negative and finds expression in the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-18
NEW YORK BANK STOCKS
REGAIN RECENT LOSSES

Special Dispatch 10 The Star
NEW YORK, August 1S-New York
City bank stocks during the past week
regained the loss of the preceding
week, according to the Dollar-Index
figures compiled by Holt Rose g. Tros-
ter Based upon August Is prices, I6
leading bank and trust company shares
were quoted at 1871 times known earn
tngs, exactly the same as on August l..
and compared with 176 on August 8.
Earnings averaged Ssh per cent, against
5.66 per cent the previous week and
market times the book value averaged
"a, against ] 80. The yield now stands
at 4.74 per cent, against 4s9 per cent
week ago. The current yield COM
pares with yield of 5sl per cent on
June 2, 1891, the low point for the year
to date.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-18
Business Notes

slight slowing up OF the pace Of
Fall buying activities was agsin noted
in the New York wholesale merchandise
markets at the beginning of the week
indicating a continuance Of the trend
reported last week Mail orders were
again numerous but they were for
smaller quantities. The number Of buy
erS in the market was said TO be below
expectations for this period.
Home wares markets swung into full
activity in New York with the opening CT
the new week. with the arrival of scores
of buyers seeking all types Of small fur
nishings and novelties Tor early Fall
sales events Selling agents, comment
ing on the increased activity, complain
ed that only sales merchandise offered
at new low prices is moving in quantity
50 far the regular Fall stocks Of kitchen
utensileS. crockery and chinavare. nov
city furniture and decorative items have
only been sampled. they said, and buy
erS will not indicate when they will be
ready to make larger commitments.
Manufacturers featuring tropical wor-
steds have discarded the idea of on
cial openings" fer 1892 lines and the
majority Of the leading producers are
now showing goods to buyers who are
interested, 1t was reported in the trade
Such houses have already encountered
price pressure from clothing manufac-
tureres who have been Sampling the new
lines. and in some instances reductions
Of 2ia cents from the prices quoted have
been asked despite the fact that the
new lines are IL TO IS per tent below
last seasons quotations.
"A recent tendency among foreign dis
tribusors to insist upon exclusive na
t.onal selling rights on the American
products they handle hiss become a seTi-
GUS problem to producers, the American
Manufacturers Export Association re-
ports. A variety Of compromises are now
being considered
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-18
CREDIT FARLEY HELD.

MADRID, August l8 up. president
Alcala Zamora and members of his
cabinet today studied the economic sit
at 1883 TO the dollar.
Director Caravans of the Bank Of
Spain was understood 10 have offered a
plan whereby the banks gold reserve
would become a guarantee for unre-
stricted sales of English pounds at So
pesetas. The pound now is quoted at
56.40 peSetas
Other officers Of the Bank Of Spain
opposed the plan as too costly from the
reserve standpoint. but Caravias said
he believed an increased value for the
peseta would follow short furry of
pound buying.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-18
BONDS.


Barber 4 Ross, Inc, Gas. .... 70 -.
Chevy Chase Club 5iss. :. 49,. 100 -.
Columbia Country Clue 5-25. =. 1904 iOi
d. c. Paper Mfg. 6s........... 80 40
w. NJ, Cold Storage IS. ...., IS -.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-18

Stock and
n4nsSanA Dat,
Prev. leal-

wire Direct to The Star ONCE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-18
NEW YORK BANK STOCKS

NEW YORK, August Is (P.-Over-
market
BANKS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-18
Sales of Stocks on New York Exchange.


1890 Ann. 800 900 1900 Noon. 49,. 100000
1880 PM........ 100000 2:10 PM,....... 100000
as IN
tPartly extra tPlus stock fPlu 9f stock Paid
regular Payable stock Payable in cash
stock fPlus s stock Plus 2 in stock Plus so cents
special Plus go Paid this
. . ~. stock.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-18

Midland united ilS% @ Sept "a sept
scS or stoelne
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-18
AFTER CALL.

Potomac Electric So pfd--3 at 113.
Washington Rwy. 81 Elec. pfd.-1 at 90.
Bid and Asked Prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-18
Washington Stock EXCHANGE
SALES

Potomac Electric Consolidated SIS
81 900 at 1851.
Washington Rwy & Elec. 4s-$l 900 at
93ia.
Capital Traction Co-10 at 81.
Washington Rwy. g. Elec. pfd.-10 at
9sl4 10 at 1914.
District National Securities pfd.--7
at 68
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-19
CHILD HEALTHDAY
PROGRAM MAPPED.
Local Observance to Include
Examination of Entering
Pupils and Dental Care.

Plans for the observance Of National
Child Health Day, set for the first Sun
day in May, were announced yesterday
by Or. Joseph A. Murphy, chairman Of
the joint May Day and Early Diagnosis
Campaign Committees.
Locally, the program, which is spon-
sored by President Hoover and the
White House Conference, will include
a variety Of features.
A Summer roundup campaign" for
the examination of children OF pre-
school age who will enter the public
schools for the first time this Fall will
get under way. According to Mrs.
Thomas Elkins, chairman OF the Dis
trict Congress Of Parents and Teachers,
81 parent-teacher associations will par
ticipate in this work, obtaining the
names and addresses OF children and
arranging for the services OF physicians
and nurses in IA schools.
Free Dental Care.
Similar work will be done in the vari-
Gus colored schools, under the direction
of DR.. A. c. Tignor.
Members of the Dental Hygienists'
Association have been assigned by Miss
Jane Park Grow, president of the or
ganization, TO give free dental prophy-
laxis to children.
Miss kathleen Turner will provide
this service in the office OF DR.. Bruce
Taylor, 1901 I street; Miss Florence
Engel, in the Office Of DR.. Allen S.
Wolfe, 1901 Rhode Island avenue; Miss
Kathleen Gates, in the Office Of DR..
George A. Smith, 1885 street; Miss
Anne Allnutt, in the office Of DR.. E. D.
Jarboe, Barr Building, and Miss Ma
thalie Ostlund in the office of DR.. T.
L. Rust, Hill Building. Hours OF serv-
ice will be announced later.
viii Show Deaf Aid.
Methods of treatment for deafness
will be demonstrated at Wilson Teach
ers' College, Eleventh and Harvard
streets, under the supervision of Miss
Ada Hill, director of the Association for
the Hard of Hearing.
A program of games, TO be played on
all local Fairgrounds, is being arranged
by Miss Maud N. Parker.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-19
ARMY ORDERS

Lieut.. Col. Sloan Doak, Cavalry, from
Fort Leayenworth, Kans., has been
ordered to Towson, Md, for duty with
Organized Reserves; Lieut.. Col. j. A.
Ulio, Adjutant Generals Department,
from Fort Leavenworth to Fort Sam
Houston, Tex; Mai 8. L. Scott,
Engineers, from Fort Leavenworth to
Honolulu. Hawaii; Maj. H. E. PITT
Coast Artillery, from the University of
New Hampshire to Fort Benjamin Har-
rison. Ind: Lieut.. Col. A. F. DAN
nemiller, Infantry, from Fort Leaven-
worth TO Fort Ethan Allen, VT; Majs.
Infantry. from Fort Leavenworth to
Fort Eustis, Va; Maj. J. N Cap
erton, Cavalry, TO Fort Monroe, Va;
Maj. D. z. Cain, Field Artillery, from
Fort Leavenworth to Fort Hoyle. Md;
Capt. j. A. Porter, Quartermaster Corrs,
from Fort Leavenworth to the War De-
paTtment; Maj. B. B. Browne, Engineers,
from Fort Leavenworth to Fort Humph-
reys, Va; Capt. J. B. LaGuardia,
Engineers, from Fort Jeavenworth TO
the War Department: Maj. H. z. Dagger.
Infantry. from Fort Leayenworth to
Porto Rico; Capt. r. o. Baldwin and
Capt. J. z. Dahlquist, Infantry. from
Fort Leavenworth to the Philippines;
Maj. r. E. McQuillan. Cavalry. from
the Army War College TO Monterey,
Calf; Mai p L. Thomas. Cavalry,
from the Army War College TO Fort
Bliss, Tex; First Lieut. F. H. Wander
werker, Judge Advocate Generals De-
partment, from New York City TO the
War Department; Maj. w. c. Chase,
Cavalry, and H. r. Behrens, Coast
Artillery, from Leavenworth to the
Philippines; Maj. T. @. Methven, In.
fantry, from Fort Jeavenworth to the
University of Minnesota; Second Lieuts
Barbara zeigler and Della M. Robert
son, Army Nurse Corps, at San
homes TO await retirement; Chaplain
E. L. Braham, from Monterey, Calf.
10 Fort Sill. Okla; Capt. o. B. Butcher
Coast Artillery, from the Virgins
Polytechnical Institute, Blacksburg
Va, to Fort Monroe, Va: Maj. j. s
Sullivan, Infantry, from Fort Leaven.
worth to Kansas Agricultural College
Mai. j. NJ. Crane, Field Artillery, from
Fort Leavenworth to Ohio State Uni
VerSity: Maj. r. p. Shugg, Field Artil'
lery, from Fort Leavenworth to Prince
ton University; Maj. r. G. Moses
Engineers, from Fort Leavenworth Il
the War Department for duty with thu
American Battle Monuments Commits
sion; Maj. r. C. r. Goetz. Field Artil
lery, from Fort Leavenworth to Brus
sells, Belgium. for duty as military at
tache; Capt. +. M. Brady, Air Corps
from Fort Leavenworth to Rome, Italy
for duty at the United States embassy
Master Sergt. Harry Kravetz, Arm
Band, at the Army War College, Wi
be retired April 80 on his own applica
ton 6Aer more than 30 years activ
service.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-19
TWO DIE AS FOREST
FIRES BURN TOWN
Timber LeveIed Over Thou.
sands of Minnesota Acres
as Flames Spread.
Rx the Associated Press.

BY the Associated Press.
ST. PAUL, MINI, April 18.-Forest
fires in north Minnesota and Wisconsin
tonight had taken toll of two lives
and virtually destroyed the village of
Tipler, settlement of 125 inhabitants
Northern Minnesota and Wisconsin
were mottled by patches of red and black
today-red where forest fires still
burned and black where flames had
eaten over thousands of acres of timber
and brush lands.
Winds and dry vegetation handi-
capped fire fighters who attacked blazes
that destroyed four farm hcmes, q
school building and several unoccupied
farm structures in Minnesota.
Showers in one section Of ItaSca
County, Mimi, however. tended to
lessen the danger and helped forest
rangers control a blaze that had threat
ened the village of Kelliher.
In Wisconsin, near the village Of
Cayuga, fire destroyed an outlying resi-
dence and forced q widow and chill
dren to flee without their possessions.
Rangers, who fought 20 fires in
Northern Itasca County, estimated
10000 acres Of timber and brush were
burned.
In the Waskish district rangers esti-
mated fires were burning over $4,000
acres of balsam, pine and spruce tim
Der. Two farm homes were destroyed
in that area.
In Koochiching County brush fires
leveled two farm homes and one school
building.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-19
New Jail, Set Back
From Street, Urged
To Prevent Escapes

Special Dispatch to The Star.
BERKELEY SPRINGS, w. Va,
April ia new jail, built at least
so feet back from the street, with a
surrounding high iron fence to pre-
vent any communication with pedes-
TRANS, was recommended by a Cir
cult Court Committee here yester-
day to Judge D. H. Rodgers as the
only solution to the problem of re-
peated jail deliveries here.
The committee, composed of Ray
mond Hunter, Clifton Michael and
J. S. Coughlan. was named especially
to study the question of jail breaks
which have been frequent during the
past few years. One set of three
prisoners recently made two success
sive escapes within few weeks by
saving out bars. The present Jail
is built into the court house and
stands in the downtown section,
AUDITING highway on one side. :
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-19
WORK CONDITIONS
SEEN BETTER HERE
Appeals for Free Meals at Mission
Steadily Decreasing, Says
Superintendent.

Improved employment conditions are
believed by Supt. John 8. Bennett of
the Central Union Mission to be respon-
sible for the steady decrease in the
number of free meals applied for nightly
at the mission
The missions March report to the
Council of Social Agencies showed the
number Of men fed at the mission had
decreased from 11,579 during February
to 0,729 last month. A steady CORES
ponding decrease is being noted this
month, Mr.. Bennett said.
The nightly lineup for free shelter,
however, remained about the same. The
majority OF these men, however, COM
prise drifters who pass through Wash
ington. Last month 1853 men were
sheltered at the mission, compared with
4,749s during the shorter month of
February.
With the advent of warm weather
there has been a decrease also this
month in the number Of men applying
for shelter, but it still is necessary to
keep open the additional lodging house
the mission was obliged to rent last
Winter.
Jobs are being found for numbers
of unemployed, who are being sent by
Mr.. Bennett to DR.. John C. Palmer,
pastor Of Calvary Baptist Church, in
charge Of the Employment Committee
for the Washington Federation of
Churches.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-19
Man Reported Dead
In Bogus Telegram
Is Held by Police

Special Dispatch to The Star.
CUMBERLAND, Md, April 18.--
Shannon w. Hoover. arrested early
yesterday at his home in Mapleside,
a suburb, the police say, Is the man
implicated In sending bogus tele-
gram early in March 70 the police
headquarters here that he and AM
brose d. Hite. Wineow street, were
washed overheard" while deckhandS
on Morgan yacht near Cuba. The
police say there was no Capt. F. L.
McDougal," the name signed to the
telegram, and no Howard G. Morgan
yacht"
Hoover was arrested upon his re-
turn as q suspect in the hold-up of
the Golden Service Station on Old
town road, January 20, last. He and
Hite, who Il still at large, have been
hunted blythe officers since that
time.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-19
WHALER RETURNS TO NEW YORK
WITH CATCH OF 1,444 MONSTERS
Result of 1O-Month Expedition Arctic Better Than
That of Moby Dicks Captor.

whaler left Sandefjord, near Oslo, Nor
way, August 10 to seek fortune in
whales, or rather commodities which
are made from whale oil. Rich plum
der from the ice-blocked sea Of King
Edward VII Land Is the result Of their
eight-month trip Of $4,000 miles.
Silently, on the deck, looking quizx-
cally at the great city before him, stood
Edward Jorgensen, hero Of the saga.
He had shot single-handed asa whales,
bringing his lifetime total to 2,700. He
is eager to get home, for he will collect
1000 as pay for the trip.
Standing beside him was Bot Brodt-
korv, who took care Of the whales after
they were brought aboard Said he:
I'VE got all the cargo we can carry.
We could have got more, but even with
this ship we didn't have room. 1t was
good year, all right"
Next year the whalers win not 30
out. This year they got an oversupply.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-19
STUDY CLUB
HEARS U. S. OFFICIAL
Humphrey, Trade Commissioner,
Explains Groups Work-omcers
Are Nominated.

Nomination of officers to be elected
in May and an address by Commits
sioner william Humphrey Of the Fed
eral Trade Commission featured the
Political Study Clubs meeting, held
yesterday ut the Washington Club,
Seventeenth and K streets.
Discussing Business and the Fed
eral Trade Commission" Mr.. Humph-
rey told OF new rulings adopted by the
commission. among which was one max
ing 1t compulsory for advertising con-
Germs to specify that testimonial adj
vertisementS are paid ones. when the
case Is such.
Candidates nominated are: President,
Mrs. Rose Yates Forester and Mrs
Ernest H. Daniel; first vice president.
Mrs. Frank M. Shortall and Mrs. Henry
Albers; second vice president, Mrs. Peter
j. McGovern and Mrs. May D. Light
foot; third vice president. Mrs. Harry r.
Perry and Mrs. Frederick p. s. John
son; recording secretary, Mrs. George
Gillingham; corresponding secretary,
Mrs. William A. Boss; treasurer, Mrs,
Charles Marvin Jones, and auditor, Mrs.
Wallace Streater.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-19
nv the Associated Press.

BY the Associated Press.
NEW YORK, April 16.-From the
land Of the midnight sun and 40 below
zero weather $50 wind-burned Vikings
ulowed into New York's skyscraper-
buttreSsed bay today on the Sir James
CLARK Ross, one of the biggest whaling
vessels in the world.
Outharpooning grave Capt. Ahad, who
bagged the famed Moby Dick, this blue
eyed crew brought back a catch of
,444 wholesome little ones measur-
ing only 20 feet, others monsters of
nearly 100 feet.
The shining red and white ship, two
funneled and equipped with two Diesel
engines, each Of 3,400 horsepower, made
whaling history on its maiden trip. 1t
Is o successor to whaler still boasted
In maritime "reminiscences, which bore
the same name.
Captained by Oscar Nilsen, the big
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-19
CAB DRIVER WINS $3.50
IN $4,000 BEATING SUIT
Virginia Legislator Accused of
Having Attacked Milford Man
During Row.

Special Dispatch to the Star.
FREDERICKSBURG, Va, April 18--
A verdict of $22.50 in favor Of Charles
Bruce, Milford, Caroline County cab
jury in Bruce's suit for $4,000 dam
ages against w. G. Taliaferro, repre-
sentative in the House Of Delegates
from Caroline and King George Coun-
ties, and his son, Arthur Taliaferro.
The suit, trial of which was in prog
ress for three days. grew out Of an
alteration last September, when the
two Taliaferros were alleged to have
beaten Bruce, after the later cursed
them
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-19

l. i Pont, jr, for all his poten-
tialities, is Just another en-
ploye at the washington Airport end
of the Ludington Air Line at Washing
ton Airport-Hoover Field-and not a
very important one at that, at present.
Young du Points official title at the
airport is Junior plane dispatcher and
ticket agent" and above him there Is
an imposing array of officials, directors,
vice presidents and the like-enough TO
dull the ambition of many a lad, for
most Of the line officials are young men,
and vigorous.
But the line has plans for young du
Pont that might satisfy his ambitious
air-mindedness.
He's learning the business end of the
flying game and probably eventually
will be transferred back to his home
town, Wilmington, Del, to take charge
of the Ludington Lines business at
Bellanca Field.
Young du Pont has learned all there
is to the actual flying end of the game.
He has about 800 hours Of flying to
his credit, built up since he was grad
uated from the Army Air Corps School
at Kelly Field, Tex, in 1929. Since
then he has been q test pilot for the
Fckker Aircraft Co.
Airport officials are finding plenty OF
odd chores besides the regular duties
of junior dispatcher and ticket agent
to keep the heir to millions busy. He
is expected to be in Washington fol
several months.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-19
HELD IN BIG RUM SEIZURE
Former I'm Alone Attache Involved
in Extradition Case.

CORPUS CHRISTI, Tex, April 10
P.-Arrest Of Marvin j. big Jim"
Clark in Montreal, Canada, In connec-
ton with the recent seigure OF liquor
valued at 100000 at Beeville, Tex, was
announced here today.
United States customs officials said
they will seek to have him extradited.
He Is the alleged owner Of the liquor.
Clark was identified by customs men
as the man in charge Of landing liquor
from the rum runner I'm Alone, sunk
by the coast patrol In the Gulf Of Mex
leo two years ago.