davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-20
DECREASE IN BRITISH
COTTON IMPORTS SHOWN

During the last six months of 1881
there was decrease in British imports
Of raw cotton of 1.276,000,00O pounds,
equal to fall Of 20 per cent. as COM
pared with the same period last year,
according to report from Consul Gen.
eral Albert HalStead in London to the
Commerce Department. The first half
of 1881 imports registered a drop of
nearly 40 per cent, as compared with
the same period in 1929.
Supplies during this period from the
United States declined by 26 per cent,
as compared with 1880, and nearly so
per cent as compared with 1929. I'M
ports from Egypt dropped during the
period under review by 18 per cent in
nearly 81 per cent, as compared with
1929.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-20

Hudson Motor Car Co., the outlook for
the coming year is distinctly encour-
aging. Mr.. Abbott attributes the more
cheerful sentiment to the Hoover credit
relief plan in which he sees unlimited
possibilities for the restoration of pub
lie confidence and the building up of a
solid foundation for the return to eco
nomtc sterilization of all industries.
Germany Reports Gains.
The large favorable balance of trade
which Germany reports for the first
eight months of the current year ex-
ceeds all previous excuses of exports
over imports reported for a like period.
For August alone the balance
amounted to $92,00Oo0O, bringing the
total for eight months up to $454, 00o,-
600. August exports are the largest
reported in any month thus far this
year except March, while imports, at
$l07 100000, are the lowest for any
month this year. It is therefore ap-
parent that the favorable balance has
been effected largely, If not wholly, at
the expense of imports.
For the remainder of 1881 the 1nsti-
tute for Trade Research estimates the
favorable balance of trade at more than
$500, 900, to which must be added
about $4,000, 900 derived from various
services. Interest ana reparations pay
mentS should not absorb more than
$500, 000, 900.
On this basis there would seem to
be no reason for apprehension over the
ability OF Germany to continue to meet
the service on her various obligations.
unless she, too, will fall prey to the
rapidly spreading tendency to revise
existing loan contracts, pertaining not
alone to political debts but to com
mercial obligations as well.
Predicts Improvement.
Satisfactory gain in volume and
earnings is anticipated for the House
hold Finance Corporation by L. C.
points out that present plans provide
for continuation during the coming
year of conservative rate of growth
and that the progress of the corpora
ton will be accelerated by any i'm
provement in general business which
may naterialize. He estimates that
earnings for the current year will be
about AZ per cent larger than last
year, ana will cover the dividend on
the participating preference stock ap-
proximately five and half times.
1t Is significant to note that exports
of Chrysler cars to Europe during the
first eight months of the current year
show a gain of SO per cent as COM
pared with last year. Most of the in
crease was due to the larger demand
in the scandinavian countries and in
England, Holland and Belgium. The
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-20
POTATO MARKET.

CHICAGO, october 30 (H9 (U. S. De-
partment of Agriculture) Potatoes
Receipts, 100 cars; on track, 361; total
U. S. shipments, $40; about steady,
trading slow; sacked, per hundred
weight, Wisconsin round whites, 75a86;
Minnesota North Dakota Cobblers, 80a
85; Red River Ohios, 80a90; Idaho
Russets, 1.25a1.50; Commercials, 1.05a
ITO; Colorado Peoples Russets, 120a
1.25, few higher.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-20
Brokers' Comment

NEW YORK, october 20.-Brokers
were generally of the opinion today that
the stock market would be quiet until
news developments awakened it. Sew
eral favorable symptoms in the finar1-
cial outlook were pointed out.
E. F. Hutton & Co.-The action OF
the market suggests that stocks are
permit Until such time as the News
actually changes securities can id tho
better than fiuctuate quietly. Over -
period it is probable that there wilfSr
a smoothing-out of some of the H.
congruities resulting from the precipi-
tous decline and the sudden unsalec-
tive rally. The increasing f1rmness in
commodities is really good news in the
making. The bond market is steadier.
but hesitating, possibly because of in.
dation talk. f
Paine Webber-Common stocks seem
to have advanced all they can on pure
~ technical considerations. A narrow
trading range and dizziness are in earlv
prospect.
Hornblower q Weeks-We would con.
tinue to maintain faith il - market
until such time as the ad I'D which
got under way October S shows sirns
of reversing itself.
Redmond & Co.-There seems tn he
some justification for the belief that
there has been a drying UP, at Least
temporarily, Of necessitous Liquidation
II Is still too early to state, however,
that such liquidation has been cofa.
pleted. Much undoubtedly depenTis
upon the course OF the news in the next
few weeks.
Jackson Bros, Boesel & Co-Tbe
news in prospect lends encouragement
for higher prices In the stock rnarSet
We do not regard the October ( lon.
as being in jeopardy. The short i,,o
tsrest Is admittedly small; but. on the
and the restrictions against Short se11-
ing initiate against Organized Tseisis,,g
for short account. sSAAiw
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-20
INDUSTRY is ACTIVE
IN HONGKONG AREA

Despite the depression and unrest in
China, industrialization progresses in
the international settlement of Hong
kong, according to report from Consul
General Douglas jenkins. at Hongkong,
to the Commerce Department.
New factories started during the past
year include branch of well known
cigarette firm, lead pencil works and
a shipyard. according to jenkins. The
consul general also pointed out that
among the interesting developments is
the opening of a factory under joint
Chinese and Japanese management for
the manufacture of photograph records.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-20
Insurance Merger Approved.

NEW YORK, october 20 tP.-Di-
rectors of Independence Fire Insurance
Co. of Philadelphia and the American
Equitable Assurance Co. of New York
have approved recommendation of their
respective executive and Finance Com
mittees to merge under the name of
American Equitable Assurance Co. of
New York. The plany.is subject to
approval of the stockholders Of both
companies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-20
New York Cotton
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, october 20.-Cotton
prices opened unchanged to three points
higher today. The firmness was attrib-
uted to higher initial quotations In
Bremen, where prices were up 20 to 4s
points, and the holding back from the
market of Texas cotton under q plan
known as the Suspense Pool.
Opening quotations were: October
$50 up 3; December, 6.71 up 3; Janu.
airy, 6.8l up 8: March, 7.02 up 2: May
7.21 ND 2, and July, TAO unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-20
CHICAGO DAIRY MARKET.

CHICAGO, October 20 P).-Butter,
10,439 tubs. weak; creamery specials
(93 score) $685.; extras (92 score),
81 "a; first 1889 scors), 27-2812; sec
onds (86-87 score), 24-26; standards
go score centralized carlots), 30l2.
Eggs, 1897 cases, steady, prices UNI
changed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-20
PARIS BoURSE PRICES.

PARIS, October 20 (P.-Three per
cent rentes, 81 francs IS centimes. Five
per cent loan, 102 francs 5 centimes.
Exchange on London, 80 francs rs
centimes. The dollar was quoted at IS
francs 80 centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-20
RIGHTS-EXPIRE.

RIGHTS-EXPIRE.
$50 23s Poop G l. &. Jan Is
Dividend dollars quarterly or
nual payment dividend.
aPayaoie in cash stock Payable Adjustment
DIVIDEND rus 90 In stock Plus 80 h IL in
stock Plus ~ in stock. Plus m Plus az In
s'ock Plus 81 in sock Paid last regular rate
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-20
Everybody's
Business
Rail Securities Expected to
Benefit by F avorab1e
Rate Decision of I. C. C.
Steel Shares Fjrmer.
BY DIR. MAX .WINKLER.

NEW YORK, october 20.-Although
it is admitted that it will take much
more than changes in railroad rates to
bring the full measure of relief to the
carriers, the greatest benefit immedi-
ately to be derived from a favorable
decision by the Interstate Commerce
Commission would be that of improving
the price level of railroad securities.
The decision is expected to be handed
down any day, and while the carriers
do not anticipate complete victory they
believe there will be some increase and
that it will create favorable impress
sion. It is intimated that of the IL
interstate commerce commissioners four
are opposed to any increase.
In view Of the administration
avowed intention to aid the roads, 1t
is not unlikely that Immediately fol-
lowing the rate decision plans will be
announced relative to the creation Of q
revolving fund which will enable the
roads to borrow, as was done during
the postwar period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-20
Steel Shows Firmer Trend.

Relative firmness in steel shares, de-
spite unsatisfactory earnings, Is at
tributed to the belief that the industry
will display greater activity during the
remainder of the year. To be sure,
predictions of improvement are not
general, but they are made by those
who only recently would not commit
themselves as to how they viewed the
outlook.
The better feeling is based on the fact
that the setting up of credit facilities
to help banks not generally liquid should
nark a turning point in general bust
ness and finance.
Inasmuch as the steel industry has
long regarded the banking situation as
serious impeachment to a genuine re-
vival of business, the formation of the
National Credit Corporation has come
as a distinct relief.
According to Chester B. Abbott, gen.
eral merchandising manager OF the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-20
BONDS ON THE CURB
MARKET.

sales DOMESTIC BONDS. 49,.
I$$ Il sss r ~ e. s.. $. s..
Amer Fl Pow IS 4 81 44s4 AZ. 44s4
sA Amer 6 : T IS S 2 2o7s s33. g g..
q Appsiseh Pow 5. IS ss3a g. Ss3s
A A::S Gas as: e ;: g 4 -: g. g.. ~
G%E i,ss 3s in g &c., 49,, &c.,
s:iH 81 Can rs S : e e e.. e.. e..
S S::na "a "a - g., 81 s., 81 &,
iSS:@ a S g Sc &c Sc So: Sc 81;
3 Cen St Elec 5'as 20 s5,a 37la s55ha
y cit ssrv Pow 51fs ,ss g. g., ssss3: g.:
comwh Ed. As r 81 sdd'4 ga g"
Comnlty PP&SLLo s. 81 g., g.. a.
! Con Gas 9TH 6 4 ,4s g g., e g.,
) cudahy Paekg s. ,4 ss 1o2 l9S lSSSS
! Eds FL Boston 4s ,32 sS3s s sSS1h s sS1s
E Eee OR % sfas 1' ~ AZ Az Az
Florida p & L SIS 81. ia ga ~
Gatineau Pw IS ~ STA 51s4 SsS@
Gen Motor Acc SIS "a 96la 9612 96l2
5Giliette S Raj IS 80 s51s s21a 82la
b d7iads q, e. F. S.? S go. ss7s ga.
! Aogs LAP "a, 4ias ? ,,3ss ssH ssSS" ss"
3 Upgrade I'd 6s A 49, 81. a., 3d.,
SIII Pew Il 6 5$ az az az a.. s ss
% 1hsuli Pu tilt S S % So 8 ST.
IT, = = S ss sss 3 E E + e.,
E ERssER' sss sz an 5 = S., S..
kentScky " g 4 g q 49, $s &c., &c.,
I libby Mon 4 [ IS "a IS IS 8
H. q ~ f ST 4: i s.: s.: 81
% Psei6s f'5 Is g 1 g 1SSss lssss
!, s s:ss;s! 2lI s.: !; +
i q: ( $ g.. s.. s..
Elk ss NJ q e: + i ,Ss: ,Ss ,5s
g 3ssooDD,,hheer M n g IS - g g g
Stand GEE IS S 81. g.. 8,
ssstsssaadd Gas Gas ! 81 g T. - T.
s san di T s s s. s 81: sss g sS
sSp.r ott I Ti, ~ ~ ,ss g g g
ssTTiffss &C &c S S e wiz 1ss 1ss33,, 1s5s
Tssamd + & GO 6 Is 's g. q q q q
gRI 1 { r E 8 s'.s g g. g S. g
70 70 XaH sEeFin IS IS wy g sa4 49,
vs. %;R TX 81 r? s. e i g. e. e..
FOREIGN BONDS.
E:::, + !: H. Il;
ER fcole M ESFs s Slss s. = 8 8
EEjinnIIdd ! IND n 81 81 5 s g, q g g g
sGGssman E y HR SIS Is z 4 80 e e e
ii ftai Sup Pow Is 4 'ss IS IS IS
Nsshld Kan ss e 1872 1872 le e3i
Parana Brazil Is SO o9s4 go o9s,+
ssarbrqsck Is SIX s5i1s s55iis ss35iis
SHINES Is '36 XIV. 24is 24is 24A
SHINES IS 40 XIV: 2s 2s 2s
Unit Indust 6i2s 81. 80 30 80
ww-With warrants.
xw-Without warrants.
wi-When issued.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-20

IL Ia III Ia Ia
Z rs 2s12 26 2sh
Z 24M 25ls 24Is 25h
IL A M 8. "a
10 10 10 10 10
z 242 24l3 2412 24la
los 1882 1887 1882 1857
5 u u Il u
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
THREE TRUCKS
Pile UPSTATE
MAN IS INJURED
Another Is Saved From
Hurts as He Falls or
Peach Cargo.

Three trucks, one laden with
peaches, crashed on State Road 81
seven miles south of the city late
Monday, but only one person was
injured. Another leaped from his
truck and fell safely atop the
peaches which spilled into creek
fourteen feet below the highway.
Roy Turpen, 81, Of Bedford, suf-
fered a broken leg and cuts on the
head. At city hospital today his
condition was reported fair.
Mrs. Turpen, driving her hus-
bands truck, said she was blinded
by lights of an approaching auto
and lost control of the vehicle,
striking the abutment of the bridge
over the creek.
William Arthur, Elnora, driving
the peach truck, and Austin Wag-
goner, Al, of Washington, Ind,
driving the third truck, were UNI
able to avoid crashing into the
Turpen truck as it skidded across
the pavement.
Arthur fell on his peaches and
thus escaped injury.
Crossing Meridian street at Wash
ington street Monday night, Rollin
Head, SIS, of Sharpsville, stepped into
the path Of taxi driven by Melvin
Stone, 81, Of 1119 Concord street.
Head was cut on the head and face
and was unconscious when police
sent him to city hospital. His con-
dition is not serious, however.
Frank Braken, go, of 532 North
Illinois street, and Charles Dunn, 81,
of 324 West New York street, were
knocked down and sustained minor
injuries when they were struck by
an automobile at Indiana avenue
and Vermont street Monday night.
Doc Backus, As, Negro, 1925 Ogden
street, was not held.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
BLAST KILLS WOMAN
Twelve Others Are Injured
in Gas Explosion.

By United Press
CHICAGO, Aug. 25.-A woman
was killed and twelve persons in
jured late Monday night when a
gas explosion wrecked vacant
three-story building, demolished the
wall of an adjoining cottage and
broke windows of buildings in an
entire block on the southwest side.
Mrs. Lena Click, 48, mother of
nine children, was killed and her
husband and six Of their children
injured. Five persons, passing the
building, were injured by falling
bricks, glass and timbers.
Daniel j. Carmody, deputy fire
marshal, said the explosion was
caused by an accumulation of gas
in the basement of the building.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25

Warm. snuggley coats made of high
pile wooden fabrics-in pretty
browns, tanS and gray. Single or
dOubiebreasted. Beret to match.
Sizes 2 to 6.
-Ayres' Downstairs Store.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
Advisory Body Formed
Hazard DOubIy Great

Leaders Of the nations financial
industrial and agricultural world
are represented in the two COM
panies, but the Bank of England
is the inspiring force. The shipping
industry and textiles already have
benefited from it and ambitious
plans are being made to help others.
One difficulty, however. may arise
10 curtail progress in this direction.
The will to rationalize must be pres
ent and exhibited before the two
agencies will interfere.
This hazard is doubly great when
the conservative nature of the Brit
lsh business man is considered and
the matter of family prestige, which
may be affected by any radical
change, properly discounted.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
DISCOUNT KILLER RUMOR
Half Breed Reported Seen in City;
Police Are Skeptical.

Reports that 10 Miller, half-breed
Indian, sought as the slayer of Mrs.
Ann Patterson in Silver Lake, Wis,
had been seen in Indianapolis we're
considered erroneous today by local
police.
However, detectives have asked
Wisconsin authorities to forward
detailed description of the murder
suspect.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
Storms Delay Ocean Liners

By United Press
CHERBOURG, France, Aug. Is
Storms in the English channel
forced the liner Empress of Britain
to avoid calling at Cherbourg today
and delayed docking of the Levi
athan from New York.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
$4,000 VERDICT GIVEN
NEIGHBOR SUING FORD
Case Involved Brook Running on
Estate of Manufacturer.

By United Press
CAMBRIDGE, Mass, Aug. 25.-
Henry Ford invaded the rights of a
neighbor when he built dams or
Hop brook on his Waysfde inn prop
erty in South Sudbury. Superior
Judge Stanley E. Qua has ruled.
AS result, Ford must pay $4,000
damages to Joseph L. Sturtevant,
whose estate, "Brookledge," adjoins
Wayside inn.
Hop brook courses through both
the Ford and Sturtevant properties,
and Sturtevant claimed the natural
beauty Of "Brookledge" was spoiled
when Dord damned the stream so
that its flow was reduced by half.
The court enjoined Ford from so
operating the dams to allow Sturte-
want a practically continuous flow
of water.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
SET RITES FOR O'NEIL

Teapot Dome Figure to Be Buried
Near Home in Cannes.
By United Press
CANNES, France, Aug. 25.-James
E. ONeill, who fled the United
States during the investigation of
the Teapot Dome oil leases, and
who died here Monday, will be
buried Wednesday.
His wife, son and daughter were
at his bedside when he died. O'Neill
had suffered heart trouble most
of the time he lived in France. He
came to Europe with Harry M.
Blackmer. Both we're associated in
oil deals with Harry Sinclair.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
BRITAIN'S BANKS
AID INDUSTRIES
FIGHT TO EXIST
Comes to Aid of Crippled
Manufacturers Facing
Shut Down.

Editors Note-After seeing British in
duatry steadily decline for more than
decade. London bankers finally have
come to the rescue. Following is the
second article Of a series dealing with
the various phases Of economic life in
England.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
Log Fatally Crushes Man

BY United Press
HUNTINGTON, Ind. Aug. rs
Roy Shideler, 4S, living near here
was killed when a log he was load
ing, fell and crushed him.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-25
BY ARTHUR r. DEGREVE
United Press Stan Cnrresnnnhenf

LONDON, Aug. 25.-The conser-
vative, influential Bank of England,
is at last giving British industry a
helping hand in its fight for life.
Although London still remains a
great money market, industrialists
here for the past ten years figur-
atively have gone to the cupboard
and found it bare.
The explanation lies in the poll
cies adopted by both the financial
institutions and leaders of industry
IN the nineteenth century when
Great Britain led the world in mod
ern industrial development.
Two Kinds of Banks
1t was an era of plenty. Money
that found its way into industry
came from the pockets of owners
and executives, many of whom had
Independent fortunes. Banks we're
divided into two classes:
a One-Deposit banks Joint stock
banks, which were organized to
finance commerce rather than in
dustry and whose chief thought was
Tor easy liquidity of advances. De-
velopment of expansion of plant
and equipment were not considered.
Two-Merchant banks, which
financed projects throughout the
world including railways, mines, etc.,
but which showed no interest in
home financial returns were not
considered comparatively attractive.
Competition Strong
This situation confronted the
country at the end of the World
war, which consumed fortunes and
men alike.
Manufacturers suddenly were
faced with the necessity of modern
izing their plants in order to COM
pete abroad and found it extremely
difficult and costly to obtain proper
backing.
Ample liquid funds existed in de-
post banks and there were large
subscriptions TO huge foreign loans
launched here, but the British in
dustrialist was compelled to float
stock issues at high rates, because
Of the low earnings shown in the
annual reports.
The result was a steady decline
in plant efficiency. The already
serious condition of industry was
fastened by the world wide eco
nomic depression.
Advisory Body Formed
At this point, in November, 1929,
the Securities Management Trust,
Ltd, was formed under the auspices
of the Bank of England to investi-
gate and advise upon schemes of
naturalization in the basic indus
tries or Great Britain.
In April, 1890, the bank sponsored
the formation of the Bankers In
dustrial Development Company,
Ltd, whose shareholders included
all the important merchant bankers,
joint stock bankers and investment
trusts.
Its object was to provide funds to
assist in naturalization schemes ap-
proved by the Securities Manage
ment Trust, Ltd.
Hazard DOubly Great
10 H. 4
The Northwest enterprise. [volume] (Seattle, Wash.) 1931-1952, 1931-01-08
Marcus Carvey Is
Now An Auctioneer

JAMAICA, B. w. Marcus Gar
vey, president general of the U. N.
I. A., who for many years has kept
the white powers worried by his doc
trine of a united African govern
ment, has added a new chapter to
his spectacular life by entering bus
mess here under the title "Marcus
Garvey & Co.-Auctioneers and Real
Estate"
Garvey has launched out into this
new venture after dabblling in many
activities, such as journalist, orator,
propagandist, organizer and politi-
clan. Upon his deportation here in
1928 he founded political organiza-
ton known as the Peoples Party and
was elected to the st. Andrews city
council, but was defeated for the
legislature Upon his appeal King
George appointed royal commits
sion to investigate economic condi-
tions in the island.
The Prince of Wales will visit here
in February en- route to South Amer
lea to solidify commercial interests,
and there is much speculation as to
what Garvey will do or will not do
when the prince lands. In all prob
ability he will seek an interview with
the prince. If this is denied he will
no doubt exhort the natives to pre-
sent solid front against Britain's
tyranny and Imperialism.