davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13
FINANCIAL C. COMMUNITY PLEASED
AT CHANGE IN SENTIMENT
But Wall Street Observers Are Concerned
Over Outlook for Germany-Stock
Liquidation Believed Completed.

hold the bulk Of these German credits
have been comforting daily and trying
to arrive at the kind Of proposition
which they win present to the Reichs-
bank prior to December /. Some of
them feel that there should be at least
q 10 per cent reduction in these
credits; others have expressed the
view that they should be cut down by
as to SO per cent.
Reduction In Credits.
They are all displeased with the
action Of the Germans in substantially
reducing their short term credits to
England, contrary to their contract
while making no cuts in the American
total and for the reason that. with
the drop In sterling, they can pay OF
more than equivalent to the minimum
Of 10 per cent which they believe Ger
many should pay here on December
It has developed also that funds that
rightly belong to the American
creditors have been used in the pur-
chase Of deprecated German dollar
bonds and In other ways that are not
in accord with the spirit of the
original agreement.
Hungary, whose short term credits
maturing next month are understood
to be approximately $125,O00,0 900. These
do not especially involve American
banks, as the creditors are bankers
in Germany, Switzerland, Holland
France and England. The reaction
however. from q default on these credits
would be felt here as well as through
out other international banking cen.
tiers. Austria is also in a serious posi-
ton, as she has lately been refused
accommodations either because hel
credit Is poor or as a penalty for hel
adventure in the customs union with
Germany, one of the episodes which
brought the German crisis to q focu.
last June.
Since the speech Of Premier Ramsa,
Macdonald in London Monday night
in which he emphasized the serious
ness Of the Continental credit situation
and urged that immediate action b,
taken to forestall any possible defaults
there has been more attention giver
to this phase Of finance by Wall street
It has been the most important facto
in slowing down speculation, following
the recent uplift in stocks, bonds anS
commodities. Serious as the outlook IL
the Far East may be, it Is a mino
incident in international banking at
fairs compared with that which is in
volved In the credit situation in Ger
many and in Central Europe and owe
which strenuous efforts are now beinl
made to reach q satisfactory adjust,
ment.
(Copyrisht, 1872
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13
BY CHARLES F. SPEARE.
Special Dispatch to The Star

Special Dispatch to The Star.
NEW YORK, November 13.--Wher
the markets for securities anc. COM
modities were buoyant the first of this
week, the writer met in Wall street q
man who some years ago was the head
Of one Of Americas largest banks
Asked for his views on the situation
he said that he was impressed by the
change in sentiment, especially since
ceased, and thought that definite i'm.
provement in domestic conditions hac
occurred. He was, however, worried
over the prospects abroad and especial.
ly with respect to Germany, whose out
look, he said, was most confused anc
disturbing.
Opinion Divided.
This illustrates the two points oil
view that are to be found today ir
the financial district. Members of stocl
exchange houses find evidence in tho
attitude of their clients that liquida.
ton has been completed and that the
public is now more in a mood to buy
stocks when they are reasonable il
price than to sell them. The sur.
roundings OF the commodity market.
have entirely changed in the past 81
days There is a better, though ar
irregular trend to the bond market
The possibility of another advance fl
the Federal Reserve rediscount rate
has disappeared and time money anc
acceptances are lower. The weekly
total of bank failures has been de.
creasing since the end of October
Shortly the National Credit Corpora
ton will begin actively to function. L
was learned today that subscription
to this organization approximate
$500 200, o00
When one approaches the interna
tional banker, however, one finds {
different mood and the setting I'D O.
another group of conditions than thos,
prevailing in this country and which h,
insists must be corrected before Their
Is any permanent or substantial i'm
provement in the industrial life of tn,
United States. Like his former bust
ness associate in the New York banking
world, he is greatly worried over Ger
many, as we'll as over Hungary an,
Austria. The immediate problems h.
has to deal with are the short tern
credits, which begin to expire in De
cember and which must be paid off II
whole in February or indefinitely ex
tended at the end of the six months
period for which they were negotiated
under the so-called "stand-still" agree
ment of last Summer.
This week group of half dozel
bankers representing the largest insti
tutions in New York and those which
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13
Special Dispatch to The Star.

Special Dispatch to The Star.
Baltimore, Md, November 13-White
potatoes, 100 pounds, 75a1.1 sweet
potatoes, bushel, 35a50; yams, barrel,
LOCAL Is; beans. bushel, 50a2.00: beets,
per 100, 200a3.00; brussels sprouts, per
quart, Balls; cabbage, 35a50; carrots
Der 100, 2.50a3.50; caulif1ower, crate,
l25a175; celery, crate, 1.5Oa2.75; Gu
cumbers, hamper, 3.00a4.25; eggplant
crate, 300a4.00; lettuce, crate, 2.00a3 90;
lima beans, hamper, 3.00a400; okra,
bushel, 1.50a2.00; peppers. hamper, 25a
a oS pumpkin n o per 49, go SCO at
plants. per 100, 4.00a5.O0; spinach,
buShel, 30a60; squash, bushel, 1.25a2 rs
tomatoes lug boxes, l.75a2.50; turnips,
hamper, 20a25; apples, bushel, 50a1.25.
Dairy Market.
Chickens, young, 16a20; Leghorns,
16al7; old hens, 17a23; Leghorns, old,
12a16 roosters, 12a14; ducks. 12a19;
pigeons, pair, 25a30; guinea fowls, pair,
Eggs-Receipts, 1912 cases; current
receipts, 28a30; small pullet eggs, ga
25; hennery whites, 34a36; nearby
firsts, 30a32; Western firsts, 30a31.
Butter-Good and fancy creamery,
28a32; ladies, 20a22; process, 24a25;
store packed, is.
Live Stock Market.
Cattle - Receipts, 1900 head; light
supply; market strong on choice cattle.
Steers-Choice to prime, 800a8 SO ;
good to choice, 7.25a7.50; medium to
good, 600a7 90; fair to medium, 5.50a
500; plain to fair, 475a5.50; common
to plain, 4.00a4.75.
Bulls-Choice to prime, none; good
to choice, none; medium to good, 4.00a
4.5O; fair to medium, 3.50a4 90; plain to
fair, 3.25a3.50; common to plain, 3.00a
1926.
Cows-Choice to prime, none; good
to choice, none; medium to good, 3.75a
4.25; fair to medium, 3.25a3.75; plain
to fair, 2.50a3.25; common to plain,
Heifers-Choice to prime, none; good
to choice. 5.50a5.75; medium to good,
5.25a5.5O; fair to medium, 475a5.25;
plain to fair, 375a4.75; common to
plain, 325a3.75. Fresh cows and Spring
ers, 30.O0a60.00.
Sheep and lambs-Receipts. 500 head;
light supply; market steady; sheep,
10oa3.00; lambs, 3.50a700.
Hogs-Receipts, 300 head; light sup
ply, market steady; light, 560a5.85; ;
heavies, 515a565; medium, 570a5. 95 !;
pigs, 560a5.85.
Receipts, so head: light sup
ply, market steady; calves, 3.50a9.00; no
extras.
Hay and Grain Prices.
Wheat-No. 2 red Winter, export, no
quotations; No. red Winter, garlicky,
spot, domestic, 65S; November, 655s /;
December, 665s.
Corn-No. 2 yellow, domestic, spot,
56a57; cob corn, new. 2.00a2.25.
Oats-No. white, domestic, spot,
36a361a; No. 8, 36a36a.
Rye-Nearby, 50a55.
Hay-Receipts, none. New hay is
starting to arrive in increasing quanti-
ties, but so far no official grading has
been attempted, selling being strictly
on merit Demand for old hay slow
and market is dull and quiet, with
prices In buyers favor at range OF
l4.OOa17.50 per ton.
Straw-No. l wheat, 850a9.00 per
ton; No. / oat, s.0Oa10.0o per ton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13
JUNIOR BANKERS
CHOSEN CONSULS
Institute Members Keep Up
Educational Spirit Among
Students.

]. Earle McGeary, of w. B. HibbS
& Co., who is chief consul OF WASH
ington Chapter, American Institute OF
Banking, has appointed his assistants
this year is the appointment of two
associate chief consulS because the
work of this big committee has been
so expanded, making it advisable for
the head consul to have two associates
upon whom he can call at any time.
These associates are Paul Settler,
American Security 81 Trust Co., and
Kenneth Bergfeld, Riggs National. The
other appointments include the follow
ing junior bankers:
List Of Appointments.
George Lingebach, American Security
g. Trust Co.; Roane Clary, American
Security & Trust Co. Branches; Miss
Eugene Horak, Bank of Brightwood;
Lewis Dennis, Bank of Commerce g.
Savings; George H. Acton, Chevy
Chase Savings Bank; Grant D. Sim
mons, Columbia National Bank; George
M. Hakins, Commercial National Bank;
Arthur E. Meade. Departmental Bank;
Frank C. Cook, District National; Miss
Pauline CARRIER, East Washington Saw
ings; Miss Vivian E. Stokes, Federal
American National Bank & Trust Co.;
Rudolph Coldenstroth. Federal-Ameri-
can Branches; Ellsworth Meyer, Frank
lin National Joseph j. Flaherty, w. B
Hibbs e. Co.; Ralph j. Collins, Liberty
National Martin Walls. Lincoln Ma
tional; Nelson M. Stokes, Lincoln Ma
tional Branch: Anne P. Crawford, Nc
Lachlen Banking Corporation; Willard
G. Barker Morris Plan Bank; Lincoln
H, Phillips, Mount Vernon Savings;
VIM F. Russ, Munsey Trust Co.: Ed
ward P. O'Connell, National Bank OF
Washington; George r. Flemer, Ma
tional Metropolitan Bank; Scott D
Morris, National Savings & Trust Co.;
Lloyd H. Johnson, Northeast Savings
j. Stone Noyes, Park Savings; Stanley
w. Gates, Potomac Savings; Robert M
Poole, Riggs National; Lawrence w
Engelman, Riggs National, Dupont
Branch; Kenneth Collins, Riggs Ma
tional, Columbia Branch Miss Eve
Kicker, Riggs National, Farmers g. Me-
chanics Branch; Louis E. Purnell, Riggs
National, Park Road Branch; Joseph
r. Fitzpatrick Second National; Os-
valid Lehman, Security Savings g. Com
mercial: Kent L. Dyer, Seventh Street
Savings; Norman Glasco, Union Trust
Co.: Charles j. Mcdowell, United States
Savings; William H. Laughlin, Wash
ington Loan g. Trust Co.; William B
Mehler, Washington Mechanics Saw
lABSs IA ~. 4cIIlcdh, WhoAilLlBJOi OdN-
ings; George Schultze, b. F. Saul Co.;
E. Wallace Schriner, First National
Bank, Alexandria, and Valentine r
Smith, Citizens National Bank, Alex
andria.
Duties Of ConSuls.
It is the duty Of the consuls to CO.
operate with the board of governors
and various committees by keeping in
close touch with the personnel of Their
respective banks and dispensing in
formation regarding activities of the
chapter.
They also assist in the matter OF
collection of dues and tuition from
chapter members throughout the diff
ferent banks, and this years board OF
conSuls has been selected carefully
with the view to having on the board
only bank employees who have secured
the chapters standard certificate, or al
least have taken some interest in
chapter study courses.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13
FOOD GROUPLEADS
IN RETAIL SALES
More Than 22 Per Cent of
American Dollar Spent
for Victuals.
BY CHAs. p. sCHAEFFER,

Consumer demand in the different
regions Of the country makes the
American retail dollar q flexible coin.
Figures developed by the census of
distribution indicate the division Of the
dollar between the different groups of
stores for the United States as o whole
is by no means representative Of con
ditions in any one section Of the
country. -
The comparisons show that the four
regions of the country where the
highest percentage Of the dollar Is spent
in the food group are composed OF
Eastern States, while the four regions
where the highest percentage Of ex-
penditure Is in the automotive group
are composed of Western States.
A total of 22.61 per cent OF the
retail dollar Is spent for food In the
United States as an entirety. New Eng
land leads the list In so far as geo.
graphical divisions are concerned with
an average of 1856 per cent Follow
ing, in order, is the Middle Atlantic
division with 1896 per cent, and East
North Central division with 1894 Per
cent
Under the country's average for food
then follows the South Atlantic divi-
sion with 21.87 per cent; Pacific
division with 20.82 per cent; Mountain
Central division 1904 per cent: West
South Central division 1910, while the
West North Central division accounts
for the minimum expenditure Of 1857
per cent.
In the automotive group. however,
the order is almost reversed. As
against a. grand average Of 1908 per
cent of the dollar spent in this group,
the West South Central division leads
xxytf al 1%sw -.
Mountain division with 1880 per cent,
the Pacific division with 23.14 per cent,
the West North Central area by 1888
per cent, East North Central with 1919
per cent and the East South Central
with 1882 per cent.
The South Atlantic division Is the
first geographical boundary falling
under the general average, with 1888,
followed by New England with 1723
per cent, and the Middle Atlantic Is
the last with an average of 1872
per cent
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13
CANADIAN GOLD MINE
INDUSTRY IMPROVES
Bulletin Says Trade Is Enjoying
Most Prosperous Condition
in It's History.
Special Dispatch to The Star.

special Dispatch to The Star.
MONTREAL, Quebec, November 10
AT least one Canadian industry
gold mining--is enjoying the most
prosperous condition in its history, says
bulletin recently made public by the
Department Of immigration and Col
onization Of the Canadian Pacific Rail-
way.
"A comprehensive review on gold
mining in Ontario and Quebec, Can
ada's most important gold-producing
provinces, reveals that this industry
was probably never before in so pros
porous a condition as it is today" the
bulletin points out. Hon. w. A. Cor
don, minister Of mines for the Do
minion, Is author Of the review, which
also reveals that many gold mine ex-
ecut1ves throughout Canada are pre-
pairing to. embark Immediately on pro-
grams of expansion involving large
capital expenditures.
"The prosperity Of the gold mines
can be attributed very largely to the
fall in prices of much of the ma
terial used in the production of gold
and to the premium now being paid
Canadian gold miners on their product :"
Ontario's gold output for the first
half OF 1881, the bulletin asserted. was
valued at 20,608,206. Quebec's output
was valued at $3,047,442, making a
total for these two provinces of
$23,655.648 as compared with a valua-
ton of $26, 1921 500 for the whole Of
Canada in the same period. Incl
dentally, the latter figure compares with
20,180,568 in the first half of 1880,
which means that Canada's total out
put of gold gained more than $4,000 900
during this single six-month period
New gold fields are almost weekly
teing discovered in sections never be-
fore known to contain the percious
metal, the bulletin concludes, and 1t
may not be unlikely that Canada will
shortly become the worlds foremost
gold producer. having already passed
the United States in this respect and
now holding second place among the
countries Of the world. South Africa
still holds world leadership.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13
Washington Produce

Butter-One-pound prints, So; tub, IS.
Eggs-Hennery, 38a42; current re-
ceipts, 28a33
Poultry. alive-Turkeys. young toms
and hens, 23a25; old toms, 18a2o; cid
hens. 20a22; chickens. 3 pounds and
over, 18a20; 2 to ga pounds. soa22:
Spring broilers. "a; hens, large, 18a20:
small. 15a17; Leghorn hens, balls;
ROSTERS, 10a12: keats, young, 40a45; old,
25a35.
Poultry. dressed-Ttlrkeys, young
hens and toms, 31a33; old toms, 26a28;
old hens, 28a30; chickens, 8 pounds and
over, 21a23; 2 TO az pounds, 23a25;
Spring broilers, a; hens, large, 21a23;
small, 18a20; Leghorn hens, 16a18:
ROSTERS. 1sa15; Long Island ducks.
Meats-Beef. prime. 1914: choice,
15ka16; good, 14a141a; fair to medium,
medium to good, 121aa13; veal, top, IA;
fair to good, 1la12ia; pork loins, 8 to
10 pounds, 10; 10 to ~ pounds, liza
IL; IL to IS pounds, 10a10R; fresh
hams, skinned, Is to 20 pounds. 10; IL
to II pounds, 10; to 10 pounds, IS;
smoked hams, 10; strip bacon, 22a23
lard, 50-pound tins, O.: in packages, 10;
compound. 7a715.
Live stock-Hogs, heavy, 4.75a5.25;
light and medium, 5.20a5.40 pigs, 5.00a
5.25; roughs, 3.50a4.00; calves, 4.00a
$50; lambs, 3.00a650.
Fruits-Oranges, 4.00a5. 90: lemons.
4.00a5.50; bananas, 1.50a2.OO; grape
fruit, 2.50a3.O0; honeydews, 2.25a3. 90;
casabas, $50; apples, bushel baskets, 40
to 1.50; box stock, fancy, 2.O0a2. rs; pears,
500; grapes, Emperors, 225; Malagas,
Its; Tokays. ITS; Cornichons, 1.25:
Concords, 12-quart baskets. 35a5o; pine
apples, 400; persimmons, 75a1 so; Mus
catels, 1.25: bananas, 15Oa2.O0.
Vegetables - Potatoes, Maine. 100
pound sacks, lbs; Idaho bakers. 2.25;
sweets. bushel baskets, 50a75; onions,
picking, 50-pound sacks, 1.25a1 so;
artichoke, $50; string beans, 1.O0a3 90;
limas, 3.5Oa4.50; turnips, bushel baskets,
35a1 90; punched, per 100, 400; beets,
per 100 punches, 400; carrots, per 100
punches, 400; okra, $50; satisfy, per
one dozen punches, IS; squash, 2.5oa
800; peas, 800; cucumbers, 500;
lettuce, Iceberg, 3.00a3.5O; kale, 4Oa50:
spinach. 50a75; celery. 400; tomatoes,
1.50a1.75; California Tugs, 500; peppers.
250a2.75; nearby bushel baskets, ]. 90:
eggplant. 4.50a5.0o; parsnips, 1.25:
mushrooms, 50a75; asparagus, Cali
fornia, choice, 200; fancy, $50: extra
fancy, 400; peas, 4.00a4.25.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13

sumo that an American investor was
prevailed upon to buy $1,000 par value
OF the Brazilian per cent loan in 1921
az 97H2. Let us further assume that
ne retained the bond until the sus-
pension OF cash payments by the Bra
zlllan government, and then disposed OF
his holdings at the current market OF
S712. The entire transaction shows ne
received by way CT interest a total OF
$3.50, to which should be added the pro-
ceeos from the sale Of bonds, giving q
total OF $l,255. Deducting the original
outlay OF $975, the net balance is $3.50,
equivalent to about $50 per cent per
annum Tor the entire period. To be
sure, the return is small, but the in
weston has received all his money back
and reasonable income besides. There
are many domestic investments which
nave worked out less satisfactorily.
How much better would the most
conservative American investor have
Jared? Assuming he had purchased, in
1921, the worlds premier investment,
united states Government 312S, at the
then prevailing price of 101.68 His in
come to date approximates $685. On
realizing, he would have received 1892. 80
and on deducting the original invest
ment, his net income would amount
10 1851. equivalent to about 1892 per
cent per annum.
Missouri Pacific.
Holders of Missouri Pacific preferred
are somewhat disappointed at the fail
ure OF the board to declare the regular
quarterly dividend Of SIPS.
However, this does not mean that no
payment will be made covering the last
quarter OF this year. In 1880 the direc-
tors declared the final dividend at the
november meeting. In 1929, however,
payment was declared at a meeting
nelo early in December. In any event,
tne dividend is not payable until De-
cemper 81, so that disbursement may
sun De oroered at next months meet
ing
At prevailing prices, the stock yields
course continuance of dividends which
are cumulative up to SIS a share per
annum: Dividends In arrears aggregate
1oout $4o share, or materially in ex-
cess OF current quotations.
international Nickel.
The International Nickel Co. expects
70 increase earnings from the sale OF
Uletals In the companys great reserves
OF copper ore. according 10 Robert C.
Stanley, president.
Earnings Tor the first three quarters
VI Cne current year were equivalent to
ABOUT three times preferred dividend
requirements. After allowing for the
disbursements on the preferred, the bal
a anS available for the common was only
IA ia cents: This leads to the belief that
1ne prevailing quotation of the shares
- paseo on the outlook for the future
Wnicn Is viewed optimistically, rather
'iiah on present earnings.
commenting on the decrease in thu
ssn poSltlon OF the company, Mr
to the anal payment made during the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13
Heads Safe Deposit Association.

BALTIMORE, November Is (Spe-
ciaD Andrew H. Troeger, Safe De-
post g. Trust Co., was elected presi-
dent of the Maryland State Safe De-
post Association at the annual meet
ing. Mr.. Troeger was formerly treas
urer of the association. George M
Belt, Park Bank, was elected vice pres
ident, and Gerald j. Flanagan, also of
the Park Bank, was elected secretarv
and treasurer. Mr.. Flanagan formerlv
held the position of secretary. Re-
firing officers were Charles o. Kieff-
ner, Baltimore Trust Co., president
and John S. Townsend, Calvert Bank
vice president.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13
CHICAGO DAIRY MARKET.

CHICAGO, November IS B.-Butter,
receipts, 9,568 tubs; firm: creamery
specials (93 score), 30a30h; extras (S2
score), 291s; extra frsts (9O-91 score)
28a28A; firsts $3.50 score), 26ba
271a; seconds (86-S7 score), 24a25:
standards 600 score centralized carlots)
1884. Eggs. receipts, 1894 crates; firm;
extra flrsts, 3la32; fresh-graded firsts,
29a30; current receipts, 24a27; re-
frigerator tirsts, 18a181a; refrigerator
extras, 181aa20.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13
LOANS TO BROKERS
IN SHARP DECREASE
Special Dispatch to The Star.

SpeCIaI DISpaLCh TO The Star.
NEW YORK, November 13.-In the
past 10 weeks, during which there has
been an uninterrupted decline, brokers'
loans have decreased $685., 100000. The
downward movement is gradually ebb-
ing out, as this weeks loss of $18, 600 900
Is one of the smallest since the move
ment set in at the end of August.
:. 1t is expected that next week the
item OF loans "for others" will show the
effect of the new policy of the clearing
house which prevents It's members from
handling loans of this type. Such loans
are now $162, 000,O 900. or 20 per cent of
the total Of all brokers' loans.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13
New York Cotton

Special Dispatch to The Star.
NEW YORK, November l3-Cotton
prices were to points higher at
the opening of the market today. Ac-
tive trade buying held up near con-
tracts.
Opening prices were: December.
6.57, up 5; January, 6.67, up 8; March,
6.85, up 6; May, TOO. up 4; July, 7.i8,
up 4, and october, TAI, up 2.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13
3,400 Recalled to Work.

NEW YORK, November 10 Dr.
Fashion Park Associates has recalled
S,400 workers, who will resume work
within few days. They have been idle
for the last month
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13
Reserve Ratio Rising.

NEW YORK, November IS Especially
There has been steady advance in
the ratio of Federal Reserve RanL 70
serves to deposits since the end of DC
tober. This was up a full point this
week, but at Gas per cent comnared
with over 81 per cent a year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13
Everybody's
Business

Baruch's Suggestion Of
Remedy for De6ress'ons
INVOLVES Creation of Two
Nsw Groups for Super
vision of Industrial Con-
ditiors.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-13

An average Of two whistlers n month
seek radio additions with N. B. @. A
hundred sopranos aspire TO trials in the
same period,