davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22
LARGE FARM LOAN
DEMAND EXPECTED
Government Prepared to Aid
Rural Banks in Extend
ing Credit.
Special Dispatch to The star.

Special Dispatch to The Star.
KANSAS CITY, Mo-, March 21.-As
the interior approaches the period
when normally there is an increased
demand for loans from the farm oper-
ator it is evident that this year will
see larger need than is ordinarily
felt.
The rural sections have little to sell
between now and harvest except the
carry-over CT wheat. This. though
larger than last year, is worth only
about half as much per unit. The
supply Of credit for production will be
less in most sections than in recent
years, while, despite earnest effort to
produce crops with minimum expense,
the need for credit will be increased.
Emergency Loans.
A portion of this increased need will
be met by emergency advancements Of
the Government seed loan fund, further
expansion of the agricultural credit cor
porations and rediscounted paper sent
to sections where reserves are plentiful
and the local demand small. The farm
mortgage credit is being restricted
closely because of the conservatism Of
the loaning companies. This does not
apply to marketing credit, which will
probably be ample.
Two factors are present in the situa-
ton of the rural banks. Most Of them
went into 1881 with a smaller volume
of deposits than the year previous. The
carry-over Of loans was greater, and
constant difficulty Of liquidation Of
loans has continued since the beginning
of the year. Added is strain on the
funds CT communities ordinarily de-
posted in the banks of building and
loan associations and by the INSTALL
ment selling of utility securities.
The Postal Savings Department has
made a great growth in the rural sec
lions in 9he last wear. In most towns
the increase has been so per cent and
sometimes more. Postmasters tell Of
customers who, fearful Of banks, are
holding deposit claims Of $1,000 and up,
accepting the post office as the one safe
place for savings. This money goes
out Of the West, so far as furnishing
credit is concerned, and affects the
banks by reducing deposits and thereby
the possibility Of aiding customers.
Bankers Conservative.
Because Of this situation bankers are
following an exceedingly conservative
course and refusing to make leans ex-
cept for essentials and upon gilt-edged
paper. Thereby they hope to be able
to furnish SUFFICIENT credit to carry
through the Spring production season
and enable the farm area to operate
until marketing begins.
Copyright, 1919
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22
PLATT SEES DISCOUNT RATES
AS BEST CURB ON SPECULATION
Former Reserve Board Of
fetal Discusses Methods
to Control Credit.
Open Market Operations Are
Inadequate, He Believes.
FavorS Changes.

Edmund Plat, former vice governor
of the Federal Reserve Board, who
helped steer the system through the
strenuous financial year 1929, believes
that in the next outbreak of specula-
ton less reliance will be placed upon
open market operations and more re-
course will be taken to Eates when it
becomes necessary to attempt to ex-
ercise control of the money market.
The former vice governor believes that
1923 and 1929 disclosed a flaw in the
Federal Reserve System which must be
remedied. In the current American
Bankers Association Journal, Mr.. Plat
declares that one defect in the sys-
tenn is the difficulty Of getting the
machinery into reverse, adding that
when the time came to change from
the easy money policy of 1927, the
brakes refused to work. Mr.. Platt says:
1T does not seem to me that the
speculative excuses of 1928 and 1929
can be attributed wholly or even chiefly
to the open market and easy money
policies of 1927. Easy money will not
alone start or sustain a bull market.
The reversal could certainly have been
made more emphatic in 1928 and 1929
by sharp increases Of rates and little
less reliance upon the hidden hand,
and upon direct pressure
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22
Motor Car Sales
Speed Up Output
AtLeading Plants
Present Buyers Market
Results in Keen COmpeti-
ton Among Producers.
Special Dispatch to The star.

2pGCldl OASpdtCn 70 Inc OidT-
DETROIT, March 21.-Seasonable
improvement as reported by various
motor car companies is expected to make
March volume of all the plants reach
approximately 100000 units, with pro-
gressive expansion to 100000 possible in
April. If the hopes of the sales execu-
tives are realized, production for the
first time this year will assume pro-
portions comparable with those of 1890.
AS the first three months of this year
have demonstrated, the comeback is q
long -drawn-out but nevertheless steady
process, with operations rigidly held to
territorial requirements and varying ar-
cording to week-to-week developments
determined by survey.
Selling Season on Way.
The real selling season, during which
the full extent of the country's needs
are to become apparent, is not to get
under way until April. On that month
will largely hinge the course that the
plants will be able to chart for the
period leading up to mid-year, when
plans for 1882 will be up for decision.
With April as the immediate objec-
tive, the sales divisions, reinforced with
front office" executive help, have taken
to the road in the intensive effort to
rally the retail end and build I'D a
foundation for improved volume To
that end the presidents and general
managers have turned their efforts for
the time being TO sales promotion.
The prevailing buyers market has ex-
tended itself to a retail representation
for which companies are competing with
eacn other. The result is that the
makers offering the more attractive
models and terms are adding to sales
outlets, with changes of lines to the
territory more frequent than in normal
years.
Transportation Change.
AS another changing phase of the
business 1t is noted that the transporta-
ton Of new cars from factory to distri-
button point appears to be switching
from the railways to highway haulage
AS a consequence the rates charged for
rail delivery are being revised downward
in an effort to reclaim the share of this
business that the rail lines have had in
previous years
Copyright, 1879
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22

Eugene r. Black, governor Of the At
lanta Federal Reserve Bank.
Savings Farley Data Awaited.
Local bankers are awaiting complete
reports on the Eastern Regional Saw
ings Conference just held in New
York. Among the matters discussed
were segregation of savings deposits,
cost accounting, educational campaign
for stimulating savings and an educa-
tional advertising campaign by the
savings Bank Section Of the A. B. A:
The Spring meeting OF the Executive
Council of the American Bankers AS
ISOLATION will take place at Augusta
Ga, April Is, IA, Is and 10: Francis
@. Addison, jr., president Of the Sc
curity Savings g. Commercial Bank. Is
the Washington member OF the council
Other local bankers on special commit
tees will attend.
To boost passenger trafnc on Week
ends in this territory during the sum-
mer, at least one railroad running Out
Of Washington has announced special
low fares from March 81 to October %
Stopovers are allowed and the tickets
are good on parlor and sleeping cars
en- the payment Of regular Pullman
fares. a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22
BONDS CALLED.

j. g. w. Seligman g. Co. and the Ma
t.onal City Bank of New York, fiscal
agents of the Republic Of Peru, are
notifying holders of Peruvian national
loan, 6 per cent external sinking fund
bonds, second series, due october /,
1851. that FIJI 200 principal amount OF
these bonds have been drawn by lot for
redemption at their principal amount
and accrued interest on April !, 1891.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22

] o n g in g for the
chance of getting
out at somewhere
near the figures of
the first half of
1929, but it is a
s t art. Advances
are checked every
little while by
profit taking, and
this is nothing but
natural, and we
are holding part
Of the advance.
THE distribu-
ton OF millions OF
bonus mony should
be a factor of i'm
portance to the
market. If it can
gain impetus with
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22
CHICAGO DAIRY MARKET.

CHICAGO, March 81 [R.-Butter-
Receipts, 1883 tubs, easy; creamery,
extras (92 score). 90; standards 600
score, car lots), 90: extra firstS (90-91
score). 28a2S1a; firsts 1889 score)
2612a271a; seconds (86-87 score), 2412a
25h. Eggs-Receipts. 22,8o8 cases,
steady; prices unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22
EXPERT YEAST WRAPPER
NOW COMPANY OFFICIAL
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, March 2l.-Daniel P.
woolley, who % years ago was wrapping
tin-foil around yeast cakes in the Gin
cinnati plant of the Fleischmann Co,
has been appointed vice president in
charge Of sales OF Standard Brands,
Inc. according to an announcement by
Joseph Wiltshire, president. Mr.. WOOL
lev remains in charge OF advertising,
directing expenditures Of millions an
nually in the newspapers as wen as OF
one Of the largest yearly appropriations
BY any single sponsor Of radio broad
casting.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22
RAILRoAp REpoRT.

NEW YORK, March 81 (SpeciaD -
International Railways Of Central
America reports for February gross rev.
enues totaling $606.l01, as compared
with $799,877 in February, 1880. In
come applicable to fixed charges totaled
$2T5.6l4, as compared with $40l 500 last
year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22
BY /. A. FLEMING.

I'VE are getting little impetus in
the stock market, nothing very en-
ccuraging to the great army of in
vestors holding on to securities and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22
ARUNDEL DIVIDEND.

Arundel Corporation has declared the
regular quarterly dividend Of rs cents,
payable April Z to stock Of record
March a.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22

waits outside wondering what they will
decide Men like j. p. Morgan! They
offer field for the American novelist.
(copyright. 1881, by North American News
paper AllianceA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22
Business News
in
Retrospect

Although 1t Is Too Early
for Any Predictions, Indi-
cations Are That the Sc
curity M arkets NJ ay
Benefit Su bstantial lily
Through the Distribution
of Bonus M oney to
Veterans.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22
sILyER QUOTATIONS.

NEW YORK. March 81 R,.-Bar
silver, 29iL,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-22

"There remains the present policy
with the lowest reserve bank rates in
the history Of the system, and hold
ings of Government securities at their
highest. This policy has been in effect
longer than any of the previous easy
money policies, but SO far without any
visible result upon the business stu
alton. Meanwhile the Open Market
Committee has been enlarged to in
clude the governors of all the reserve
banks with an Executive Committee
corresponding to the old Open Market
Committee, and the reserve board in
Washington has somewhat frightened
its control. Whether these changes
will operate to still further retard the
reverse m. ,ent of the system when
the time comes for a firming policy re-
mains to be seem
The Waterbury Democrat., 1931-05-07

capacity markers. no reflector and no mirror. Judgment was suspended in both cases on payment of costs.
 Mrs MigcOn Dies.
 Elizabeth Farrel Migeon, widow of Achille Francois Migeon.j died yes- terday at her home on Migeon ave- nue after a long illness.
 Services will be held from the house Friday at ?. m. Interment will be private. It is kindly re- quested that no flowers be sent.
 Brcvctics.
 Miss Blanche Graber is confined to her home at 93 Culvert street with injuries to her left foot.
 A public bridge and whist was held under the auspices of the Sacred Heart Women's club at the Sacred Heart hall yesterday even- ing.
 The Catholic Welfare Council will meet at the parish house this even- ing at 8 o'clock.
 The Torrington Heights Sunshine Circle will meet Friday afternoon at the home of Mrs Fannie Dew at the Pines on the Winsted road.
 Mrs Henry c. Ellis of this city was a guest at the annual luncheon of the Winsted Women's club Tues day afternoon.
The Waterbury Democrat., 1931-05-07
BY WILLIAM H. LANDER

united Press Staff C0rrespondcnt)
 Madrid. May (UP) - The position of the church in the re- publican regime threatened new diff faculties again today in preparation for the forthcoming election of a cQnstitutional assembly.
 When the rights of religion are imperilled 1t is absolutely essential that Catholics unite to secure the election of candidates to the assem- bly, who will guarantee to defend the rights of the church and social or- der" Cardinal Segura, primate of Spain, said in a pastoral letter.
 As you have seen, the primate counsels support of monarchists and Catholics in the forthcoming cleo tiOn," was the terse comment of Foreign Minister Alejandro Lerroux as he left meeting of the cabinet of Provisional President Niceto Aicala Zomora.
 Since the downfall of the mon- archy, the problem of the church's s relations to politics has been an acute one in Spain. The republican government, immediately after it's formation, warned the clergy against Interference in political matters and forbade formal attendance of govern ment officials at church ceremonies pending definite solution of the problem on a basis of separation ofs church and state.
 The fact that former King AL fons0 did not renounce his rights to the throne and has now author ized consolidation of monarchists in an effort to resore the throne by popular vote in the future intensi- fled the importance of the problem. The state religion under the mon archy was Catholic and the church was supported by the former govern ment.
 It appeared certain that the pas- foral letter issued at Toledo by Car dinai Segura, would be given careful Consideration by the government, which, incidentally, has taken every precaution to maintain the highest degree of respect for the church in its efforts to achieve a separation of religious matters from state affairs.
 The cardinal wrote that the church would not link itself with the vicis- situdes of terrestrial institutions, "as these change while the church re- mains
 He recalled with gratitude the de- votion of Alfonso to the Holy See and the diocese of Toledo.
 Then addressing both monarchists and republicans, he wrote:
 You may dissent concerning the form of government or concerning purely human interests. However, when the rights of religions are fmperilied. 1t is absolutely essential for Catholics to unite to secure the election of candidates to the assem- bly, who will guarantee to defend the rights of the church and the so- eiaA order"
 He compared the present political campaign to the campaign in Ba-
The Waterbury Democrat., 1931-05-07
Cards Lose Kick
 on Cubs Victory

New York, May 7-cUP)-Ap- peal of the St Louis Cardinals club to replay the game of April 19, won by the Chicago Cubs, Al, was de- nied by John A. Heydler. president of the National league. to-day.
 The appeal was based on pro- test against an alleged misinter- pretation of the rules by Umpire Moran. It was held by the pro- testing club that the umpire had applied the "momentarily held" rule on fiy-ball catch mare by Outfielder Riggs, Stephenson of the Cubs at an important period of the game. This rule had been sus- pended under ground rules adopted because of the overflow crowd.
 Heydler held that the decision was one involving solely the accu- racy of the umpire's judgment.
The Waterbury Democrat., 1931-05-07
LATE REALTY NEWS

Mortgage Deeds Benton D. Cashman to Dime Saw iy.gs bank, property on Greystone road, $3.000.
 Quit Claim Deeds Oscar LaCroix to James A.. Schroeder.
 Mortgage Releases William I. Messeck to Alvie Charles Johnson. Josephine P. Byrnes to Frank Ad- amaitis. FIRE DESTROYED SHED
 ON WEST MAIN STREET An old shed on the Thomas Kelly property on West Main street was destroyed by fire this noon hour. A still alarm was responsible TOT two companies of apparatus peing ois- patched to the scene.
The Waterbury Democrat., 1931-05-07
New First Lady Of Chicago Is Twelve
 Year Old Girl
Mayor Cermak Has Chosen His Chum and Grand=
 Daughter, Vivien Graham, 10 Be Hostess

and over the radio. when her grand father was campaigning. At the recent inaugural cere- monies, Senator James Hamilton Lewis was scheduled to introduce the new mayor. At the last minute the suave senator found he couldn't attend. Vivien took his place and while not as much at ease before a battery of microphones as the vet eran orator would have been told the country for 10 minutes over a national hook-up what a great man her grandfather was.
 Equally at ease she shipped the ribbon that dedicated a new airline, although she admitted later that she was scared to death of airplanes." Vivien wants to have a party May Is when she enteres her teens but she's afraid she can't spare the time.
 Grandfather will need me-" she said, "and anyway a kid party seems pretty tame now"
 "I want grandfather to go down in history" she said. "I want him to be the greatest mayor Chicago ever had. I want folks all over the world to know about him and re- member him always.
 Hes going to drive the criminals out of town and do the right thing about taxes. He used to be poor man and knows what it Is.
 And he's going to teach me the political game"
 Vivien admitted she liked to stay up late at night, but usually went to bed at 9:SO; she likes swim ing and golfing and just adores pie"
 Her greatest ambition Is to be an actress. She got her start the other night by playing the Princess in Snow White" and Cermark took time off from solving the financial problem to see the school play.
The Waterbury Democrat., 1931-05-07
ICUARDSMEN AT
 SCENE OF STRIKE
 IN KENTUCKY
Twelve Killed in Riots Armed Citizens and Sher- ifs Held Streets Until Militia Arrived

Harlan, Ky, May 7--(UP)-Quiet prevailed in this small mining com munity today as armed citizens and sherifrs deputies patrolled t h e streets until $50 National Guards men arrived to quell disorders which already have claimed 12 lives.
 The troops ordered out from IF Kentucky cities by Governor Samp- son after an urgent appeal here to- day, to augment the forces of Sher- if John Henry Blair. The Sheriff said he believed peace would pre- vial after Colopel Dan Carrell and the guardsmen take charge of the situation.
 The two counties in which the trouble is centered are under mar tial law.
 Blair made. a vain appeal for military forces, but the governor later rescinded his refusal when the sheriff telephoned him a petition signed by 50 leading business men. and county and court officials. The list was read over the telephone to the governor and he said he would act on it immediately.
 The national guardsmen are heavily armed with machine guns and long range rifles and have been ordered to take any steps necessary to put down violence and restore law and order.
 Blair told the governor he and his 50 deputies were unable to cope with the situation which he said has been caused by so-called "left-wing' union labor agitators. His appeal for state aid grew out of the death of three of his deputies and a citi- zen when they were ambushed by 100 men on a road leading. from Evarts, near here.
 The outbreaks started about two weeks ago when Jesse Page, a deputy sheriff. was slain in a pistol fight with William Burnett, ct Evarts.
 Five other persons. in addition to Page and those killed in ambush, have met death. Three were killed in a slate slide in one of the mines and two others were killed in a shooting affray.
 Governor Xpson, in placing the mining district under martial law, declared that Harlan county was a fertile field for communists. He said that outsiders have come in and agitated the employed, bringing with them machine guns and rifles. The center of the disorders, he said was in Evarts, where many unem- ployed have been evicted from their homes.
The Waterbury Democrat., 1931-05-07
Entire Market Went Downward Because Of
 Weakness In Issues
Steel Common Dipped Below Previous Close Selling in the Cyrus Eaton Interests WoOlworth Did We'll

sues in which Cyrus Eaton had large interests. It was said this selling was the result of cleaning out weakly nargined accounts of Otis G Company, whose brokerage business has been taken over by FLA. Pierce & Co. 7
 Tn the Easton-Otis group, Easton Axle was drive ndown to new low at 10 1-2 off ? 1-2 and Goodyear Tire and Rubber 38 IA off 3-4. Gabriel Company made new low and selling was fairly heavy in Re- public Steel corporation and. Con- tinental shares.
 Canadian Pacific broke more than 3 points to new low in the rails, while new lows for the year were made by Columbia Gas at 30 1-8 off 2 and Western Union at 110 IA off 7-S. General American Tank declined more than 2 points to 5S 3-S in the railroad equipment issues.
 The strongest issue was Wool worth which rose to a new high for the year at 68 up 3 1-8 points. Accompanying the advance in this issue were reports the company was planning to distribute its foreign holdings, g move that would be ben- eficial to stockholders.
 Expelled Member
 New York, May 7.-(UP)-New York Coffee and Sugar Exchange to-day expelled Paul A. Gaffney from membership, effective imme- diately, it was announced by the board of managers.
 EARLY TRADING
 New York, May 7.-UP)-The stock market. still under the infu- ence of prospects for rediscount sale reduction to-day, moved up fractions to more than point. Trading con- tinued dull
 Canadian Pacific was the outstand- opened 5000 shares at 2s% off 21a and new low for the present shares. Selling was the aftermath of the ac- ton of directors late yesterday in declaring an interim dividend of 31A cents a share, half of the previous s2M cent quarterly va,ss ytss, rate; onened aooo shares at 113N up l, and good gains were recorded in Westinghouse Elec- tric, American Can Woolworth, and other ledaing industrials. Rails were firm despite the drop in Canadian Pacific and the report snr on or, MarSh ciasa ons mes railroads showing 8 return of only 2.22 per cent on property and equip
 Auburn Auto opened at PA up 2A points and then rose to 226, a. new high on the movement. General Mo-
 During the early trading the ten. dency was toward firmer levels. SteeI common moved up from its opening and other leaders made gains In duii turnover.