davidaulloa/AmericanStories huggingface dataset:
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1931-04-30


Mr.. and Mrs. Burt Schwartz were
at Ellisport Sunday making final ar
rangements at the Vetter home, which
they will occupy in short time. Mr..
Schwartz is manager of the Screw
Machine Products Corporation, Of
Seattle.
Mr.. and Mrs. @. n. Jamson, of
Seattle, were in Elllsport recently
looking after some property they have
in North Ellisport.
H. F. McClintock was pleasantly
surprised Sunday with o call from A.
H. Bryant, his old friend of the
Alaska gold rush days Mr.. Bryant
is now chief surveyor of the Board OF
Marine Underwriters of San Fran
cisco. He was accompanied by Mrs.
Bryant and Mr.. and Mrs. F. K. Young
and daughters.
Mr.. and Mrs. F. D. Bethea of Ia
coma, were visitors recently at the
home Of their cousins, Mr.. and Mrs.
Vernon Bethea.
The lovely weather of the past week
brought crowd Of visitors to Ellis
port over the holidays and many cot
tage owners were out for the week
end.
1.-THE worry COW would have lived till
now
If she hadn't lost her breath,
But she feared the hay wouldn't last
all day
So she choked herself to DEATH"
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1931-04-30

The McClinton family spent several
days last week at their home at Cove
Rev. and Mrs. e. M. Anderson, OF
Seattle, were out looking after their
summer home In Beulah Park We'd
nesday, April 22nd
Mr.. Donald Dunn and gentleman
friend, both Of Seattle, were recent
Cove visitors.
Mr.. John Osterthun of Tacoma,
spent Saturday at the Frank Sigrist
home.
Mr.. and Mrs. Simon Edwards are
rejoicing over the arrival Of baby
daughter that has just returned home
with her mother from the hospital.
The contractors have been busy
moving the Bert Fjeldal house to its
new location, making room for the
new highway The Cove Community
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1931-04-30
ELLIsPORT ITEMS

Mr.. and Mrs. Grandville Booth and
family Of Seattle, were over Sunday
at their summer cottage in North
Ellisport.
Mr.. and Mrs. Roy Knisley of Port
land, Ore, has taken o cottage on the
McClintock Homestead for month.
Miss Martha Harris, of Seattle, was
among those who enjoyed an outing
at Ellisport last Sunday.
DR.. and Mrs. Robert Morris, of
Seattle, were at their summer home
over the week end.
Mr.. and Mrs. Vernon Bethea and
daughter Naomi, motored to Chehalis
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1931-04-30

Clement Paulsen spent the week zen,
with the home folks.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1931-04-30

The Island had as visitors last week
Excellent Champion VIM. Ferguson,
Grand Master, Third Veil Royal Arch
Masons Of Washington also Chas
Green, High Priest Of Tacoma chapter
r. A. M. Companion Ferguson US n
representative of the Grand Chapter
came to pay the local Robt. Burns
Chapter, No. 48. an official visit.
These companions were entertained
for dinner at the home of High Priest
Meredith Of Robt. Burns Chapter.
Mr. McElvain's Sunday school class
enjoyed an outing and picnic supper
at Cross Landing Tuesday after
school, Mrs. Rees took those not In
cluded In this class out to Assembly
Point for supper on the beach and
jolly time.
Alex Smith is painting the outside
of the M. q. Leonard residence, roof
and all and Fred wye, is doing some
interior carpenter work on the Staples
home, and Cflas. Cristnnan is bright
ening up the walls of Mrs. g. L. jack
sons cottage, so the good work goes
on.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1931-04-30
BURTON NEWS ITEMS

Mrs. John Runge was over from
Tacoma Thursday TO spend the day
with her son w. s. Kendall at his
store on Maury, This was her last
trip as she leaves soon for her home
IN Denver, Colo. after a short visit
with relatives in Oregon and Cali
fornia. She did not commit herself,
but left a hope that she might make
her home on the Sound little later.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1931-04-30

Mrs. Ida Bounser of Vancouver, B.
Q. an old school mate of Mrs. H. w.
ingalls, in Oregon, arrived Sunday
night and delightfully."- surprised the
latter, and will remain week, If they
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1931-04-30

A baby girl arrived at the Albert
Hofmcister home, Monday, April 9th,
and now Albert thinks with four
females to run the home, he hasn't
much chance for help outside.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1931-04-30

One acre off the Seymour place at
Cross Landing was sold this week to
Mr.. and Mrs. Francis d. Pratt OF Ia
coma, who will put up summer
cabin at once and enjoy three months
at this picturesque place.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1931-04-30

The McClinton family spent several
days last week at their home at Cove
Evening star., 1931-11-22
DOMESTIC BUSINESS SITUATION
CHANGES SLIGHTLY IN WEEK

Only a slight change was noted by
the Commerce Department in the
domestic business situation for the week
ending November IA, according to a
statement issued yesterday.
Among the items listed by the de-
partment as making gains over the
preceding period were the average
prices paid for representative stocks
and bonds, Fishers index Of wholesale
prices, the price Of hard Winter wheat
at Kansas City and in the receipts Of
cotton into sight.
The departments survey showed
among the declines from the preceding
period were bank debts outside of New
York City, which registered a decline
Of 17.3 per cent; total loans and dis
counts and net demand and time de-
positS of Federal Reserve member
banks, and the price of cotton middling
at New York.
Items remaining unchanged were
interest rate on call and time money,
prices of iron and steel as measured
by the composite index, and the price
of electrolytic copper at New York.
The amount of money in circulation
when measured on an average daily
basis, although declining from the level
of the week ended November z, was
greater than a year ago, according to
statistics available.
The following are indices Of weekly
business indicators, weekly average,
1923-25, 100:
Evening star., 1931-11-22
SHIPMENT OF JAPANESE GOLD
TOU.S. IS GROWING STEADILY
Bond Decline Given as One Cause for Con-
signments-Last Month Transfer of
$37,OO0OOO May Be Equaled.

minister. according to Dowd's cable. Is
''stoutly opposed to any such action
and states that every effort will he
made to avoid it,
Assuming that gold shipments will go
forward as now anticipated, Dowd said,
the holding of specie in japan will be
reduced to 700,000,000 yen, or the loss
of 126,000,000 yen 1853 ,000,000), since
January /. and 373,000,000 yen since
January 1880, when the gold embargo
was removed. The Bank of Japans
note issue as Of october Is amounted to
977 .000, 900 yen.
However, despite the loss Of specie,
Dowd asserted, the Bank of Japan
still has over a so per cent coverage
for its note issue, thereby making it
one of the highest in the world.
Meantime, reports reached Washing
ton during the latter part Of the week
that japanese firms were buying large
quantities of Texas cotton. At the
Japanese embassy here it was explained
that Japanese buyers have been max
ing increasing purchases in the Ameri-
can market year by year, but that no
official advices had been received con-
corning any abnormally large lots being
bought at this time.
However, newspaper reports from
Houston, Tex, said japanese cotton
firms have been conducting a spectacu-
CONTINUED on Fourth Page.)
Evening star., 1931-11-22
STEEL PRODUCTION
TREND HOLDS STEADY
Trade Estimates Output for Week
at Approximately 81 Per
Cent of Capacity.
BY the Associated Press.


NEW YORK, November 21.-Steel
production held steady in the past week
at about 81 per cent Of capacity, accord
ing to trade estimates, although con-
siderable irregularity in output was re-
ported within the industry.
Moderate increase in some sections
reflected greater activity in automobile
orders, but awards placed by that In
dustry are still under expectations with
larger car manufacturers still holding
off production of new models. Structural
steel awards thus far in November have
been small and Middle Western plants
report a poor call for heavy products.
Railroads are restricting buying, but n
fair demand for agricultural implements
is still reported. No changes have been
made in prices. Pig iron is quiet and
steady.
Custom smelters reduced asking prices
for copper " cent a pound to an all
time record low Of 6i5 cents for elec-
trolytic delivered in the Connecticut
Valley without attracting buyers, who
Withdrew from the market when the
informal conference of producers ad-
iourned without arriving at n curtail-
ment policy. A similar reduction in the
export price failed to bring in improved
foreign demand, with buyers generally
awaiting developments.
Tin remained dull with prices con-
:inU!ng to reflect changes in London.
Early declines, owing to Indifference of
buyers, were followed by moderate rallies
on reports that the international Tin
Committee, meeting at The Hague next
week, would order further &c per cent
curtailment in production.
Evening star., 1931-11-22

The outflow of gold from Japan
shows no signs Of lessening, according
to advices reaching the Department Of
Commerce Yesterday. A consignment
of $7.500,000 arrived In this country
last week and recent cables received
by the department indicate three more
consignments of similar amount nre
on their way to San Francisco. Gold
shipments totaling $4,000, 900 ven, or
about $37 900, 900, were received in New
York from Japan during october.
The sharp decline in japanese bonds
was given as one reason for the heavy
shipment. Also, ewing to Great Brit
aims abandonment of the gold stand
ard, many transactions were being
transferred from sterling to the dollar,
necessitating reserve funds in New
York to meet the situation.
Commercial Attache Halleck A. Butts
at Toxic recently informed the depart
ment the Bank of Japans minimum
discount rate had been raised to 5.84
per cent. He reported that the reason
given for this change was a desire to
curta1 the gold shipments.
May Restore Embargo.
Assistsnt Commercial Attache VIII
liam S. Dowd at Toxic has advised the
department that there are many re-
ports that it may become necessary to
restore the gold embargo. The finance
Evening star., 1931-11-22
CITY TOPS NATION
IN NEW INSURANCE
District and Wyoming Pass
Marks Made Year Ago
in October.

The District of Columbia and wy
oming were the only sections of the
United States to record more new life
insurance written in October this year
than in October, 1880, according to the
monthly report just received from
Hartford. Both sections reported
gains of per cent.
Exactly the same amount of insur-
ance was written in Delaware as in
October, 1880, but every other State
in the Union reported a decrease. Some
Of the States were not down very
much, however, and it is believed the
bottom Of the curve in life insurance
sales has probably been reached.
Nearby States Report.
The average slump for the United
States as q whole was IL per cent un-
der October, 1880. South Carolina re-
ported drop OF IL persscent, while
Maryland and Georgia reported that
sales declined Is per cent. West Vir-
ginia did 19 per cent less business and
same as they were in Florida.
North Carolina insurance sales were
down "A per cent, Alabama business
wac 25 per cent below last year and
New Mexico stood at the bottom of the
list with decline of AZ per cent. The
summary indicates that the National
Capital is about the most prosperous
section of the whole country, unless
there may happen to be more highly
trained insurance statesmen here.
However, the insurance men claim it is
the Government pay roll more than
salesmanship that put them at the top
Of the sales ladder In October.
Many Gains Noted.
That section of the country which
extends from the Great Lakes to the
Gulf of Mexico shows very substantial
Improvement. The depression in this
section Of the country has been
lightened by the increase in the prices
of wheat, cotton and OIL The States
on the Pacific Coast show the great
est improvement of any section Of the
country. Sales in these three States
for the month of October were only
IL per cent below sales Of last Oc-
tober, while for the first nine months
sales were of % per cent.
Although no section showed great
er amount Of sales for this October
than for last october, the New Eng
land and Middle Atlantic States con-
tinued to show the best experience
compared to q year ago. The New
England States were only per cent
below last October and the Middle At
Iantic showed a loss of only 10 per
cent.
Evening star., 1931-11-22
Upturn i'm Cotton
Market Forecast
By Trade Expert
A. C.. Beane Sees Definite
Change Early in 1882
or Sooner.

BY the Associated Press.
NEW YORK, November 21.-A. c.
Beane, prominent cotton broker, eX-
pressed confidence today the cotton
market would turn definitely upward
early in 1882, II not sooner.
1T is easily within the range of prob
ability that the cotton market may con-
tinue to back and fill in the next few
weeks, but once it has reversed its
trend it will be by no means slow in
recovering from the distressingly un-
profitable prices now prevailing" he
said.
Mr.. Beane is senior member of the
large New York and New Orleans Stock
and Cotton Exchange firm of Fenner
& Beane, which will become Fenner,
Beane & Ungerleider as Of December /.
1t will take over most of the offices OF
Samuel Ungerleider g. Co., to create a
branch system of more than so offices,
largely in the South, and the largest
number maintained by any stock ex-
change house.
Just at present." Mr.. Beane con-
tinued, there are a number Of unfa-
vorable features in the cotton situation
which are against any important, sus-
tained advance in the more immediate
future. The available supply Of Amer
1can cotton is enough to last more than
two years at the current rate OF use; {;
world consumption is increasing, but
slowly; exports are sharply below those
OF the previous two years, except in the
case Of the Far East: the domestic tex
tile industry is unable to sell its output
at prices affording even a moderate re-
turn on its invested capital, and the
spot situation in the South is perhaps
the most unusual ever known in that
actual cotton is commanding prices
sharply above parity with futures and
even much more sharply above a par
tty with unfinished goods.
The co-operatives, with the financial
support OF the Federal Farm Board,
he declared, "are busily replacing their
long futures with purchases of actual
cotton. They are, therefore, largely
responsible for the fact that 1t is i'm
possible for spinners to buy cotton on
terms anywhere near parity with cotton
goods. In addition to these direct ac-
tfVities, the Federal Farm Board and
the co-operatives are inducing growers
to withhold 3,500000 bales of the pres
ent crow from the market until August
/. 1882. 1t thus happens that cotton is
pillng up rapidly in the South at time
when a free flow into consumpt1ve
channels Is most urgently needed"
But among numerous factors OF bull-
1sh implications, Mr.. Beane pointed out
that the size Of the crop has been
largely discounted; cotton Is selling far
below the cost Of production; there has
been material change for the better in
sentiment in industrial, commercial and
financial circles; the credit structure
OF the country is being gradually i'm
proved; steps contemplating closer CO.
operation among the leading nations
with view to improving present eco
nomic world conditions are also being
taken.
Evening star., 1931-11-22
DEPARTMENT SEEKING
BANKRUPTCY GERMS

Surveys by the Department of Com
merce designed to isolate the bank
ruptcy germs" set up warnings of in
lection and prompt the creation Of
antidotes against business failures are
going forward at the present time in
three cities, with principal activities
centered in Chicago and Boston.
chicago bankruptS are being inter.
viewed by representatives Of the UNI
versity Of Chicago and the Bureau Of
Foreign and Domestic Commerce CO.
operating In studying the common
causes Of failure in that area. During
the five and half months that this
survey has been under way, more than
1,l00 bankrupts volunteered to tell their
experiences to research men of the two
organizations.
Business men of every type are
represented in the figures as well as
salaried employees and wage earners
who entered petitions In bankruptcy
because Of financial mismanagement or
misfortune. Results have been entered
Ia great detail and are now kept "a 8
confidential file which will later ..
submitted 10 IN elaborate anaiysiA
Evening star., 1931-11-22
FREE GOLD" INCREASES,
RESERVE BOARD SAYS

The insignifcance of "free gold" held
by the Federal Reserve Banks as a
gauge Of the strength Of the system, the
Federal Reserve Board points out in It's
November bulletin, lies in the fact that
despite the large Withdrawals between
September 81 and October 28, the
amount of so-called free gold" was
actually larger than when the movement
began.
This was accomplished by the increas-
ed offerings to Reserve Banks Of paper
eligible as collateral against Federal
Reserve notes. Such paper can replace
the gold withdrawn, or serve as col
lateral against additional Federal
Reserve notes.
Free gold is the amount held by the
Reserve Banks in excess, not only of the
requirements of 20 per cent against
Federal Reserve notes, and S6 per cent
against deposits, but also in excess Of
the amount Of gold required as collateral
against Federal Reserve notes.
Evening star., 1931-11-22
NEW BOYCOTT FEARED.
British Financial Circles Are watching
Indian Situation.
BY LEONARD ]. REID,

BY LEONARD j. REID,
associated Editor Of the London Economist.
Special Cable to The Star.
LONDON, November 21.-The finan-
clal district Is apprehensive that the
Laliure OF the Indian Round Table
conference may create q renewal Of
Pontlcal agitation for a boycott In In
uta, asgraVatlng Asian unrest, which
aHeaoy Is spreading from Manchuria.
AS to the European crisis. satisfactiou
Is felt that the protracted Franco-Ger.
man negotiations, relating to new in-
vestigation OF reparations paying ability.
have been concluded. Confidence that
the experts probable findings win he
subsequently implemented at q, confer
ence OF Statesmen Is impaired by the
absence OF signs OF real disposition
on the part OF governments to cooper
ate on basis of all-around concessions
In this connection the latest insistence
by Premier Laval that no revision Of
the Young plan, so far as non-post-
ponable annuitieS are concerned. will
be entertained, foreShadows formidable
French obstruction to the progress of a
rational solution Of international obli-
cations.
On the Stock Exchange the atmos-
phere is one of increasing disaIlusion.
ment and it is now realized that ex-
eeAOA0 Va 4u4CA ICSu1LS IIOIn LQe
devaluation stimulus to industry were
greatly exaggerated. Many weeks will
be necessary before the real effects be-
come evident: in the meantime there is
danger of a progressive tendency on the
part OF other countries to 20 of the
gold standard or to impose discrim.
matory duties against British goods. as
Tor example, the French Is per cent
surtax, which already is badly hitting
the coal industry. Meanwhile the effects
OF the anti-dumping bill have been
negligible as a market factor, the at
Ientlon OF investors being concentrated
upon the international position.
opinion is growing that the time is
ripe for improvement In America, Can
ada, Argentina, Brazil and Australia. of
which the recent rise in commodities
was the first symptom.
The domestic position probably win
remain colorless for the next few weeks.
,sn WIN INTERNATIONAL developments becom-
ing an increasingly important factor Ia
public psychology.
(copyright. 1ss1)
Evening star., 1931-11-22
Japanese Foreign Trade De-
clines to Lowest Point :
for Year.
BRITAIN is ENCOURAGED
BY TARIFF AID PROSPECT
Import Restrictions by France
Confuse Shippers-Unemploy-
ment Shows Increase.
Special Dispatch to The Star.

special Dispatch to The Star.
NEW YORK. November 21.-Cable
and radio dispatches to The Business
Week give the following survey of busi-
ness abroad for the week ending today:
The Manchurian Crisis.-The United
states is affected in two ways. With
British manufacturers, American textile
miils are receiving large orders formerly
Japanese mills in China were large pur-
cnaSers OF American raw cotton.
6oycott OF japanese goods in China Is
spreading. AS one result, more than
$4,000 Chinese workers are jobless. In
Shanghai alone, imports from japan
are reported to be of rs per cent. jap
anese-owned cotton mills in the Shanq-
nal area are being forced to close.
Due to generally unfavorable condi-
lions In the Far East, Japan's foreign
trade declined in October to the lowest
ngure OF the year. The export excess
Tor the month was $4,000. 600. Value
OF raw silk shipments increased In Octo-
ber. -
London.-Al Britain is buovant
Elghtly or wrongly, the country views
the end OF free trade as the opening at
an era OF recovery and the beginning of
DIMINISHING internal taxation Ion1on
Is expecting new financing soon dre to
reviving exports, but clearing banks stiiI
snow no demand for funds. The de-
Cnne IN deposits, however, definitely has
Deen checked, indicating a revival of
commence. Lancashire continues to
snow gain in export orders as q result
OF Lne Far Eastern situation.
FariS.-Rapidity with which the de.
preston IN France is rising is indicated
py ~ per cent rSe in the weeks recis-
yer OF unemployment. Seemingly end
IeSS aooitlons to French import restric.
lions are to be multiplied further a
SUDDEN decree law effective Novennber
"a subjects imports Of Countries of re-
centIy appreciated currency to coun-
tervalling surtaxes ranging from 15 ner
cent on products from England. Merico
ana sweden; to 10 per cent an thoss
from the Argentine and Urupuav ana ,
per cent from the British Indies
6eriin--BuSiness is operating or =
nano-to- mouth basis. A new wave ~
wage cuts, including q az per cent
,eouction for railway EMPLOYEES. fol-
loved by no further price declines e
increasing social tension, III sDite If
tne new record October EXPORT s1Ir-
plus OF $4,000, 600, the Reichbank
SHOWS gold loss for the second week
OF november Of $4,000, 600. Reopen-
ing OF the Boerse Is doubtful in view
OF the FEAR Of mass liquidations and the
subsequent routing of an uns,Ipported
market, GermanyS foreign exchange
situation Is serious, II not critical IN
view OF the very limited gold reserve
OF the Reichsbank, roughly IL per cent
Evening star., 1931-11-22

quoted without the dividend, prepara-
tory to coming payments.
Directors of Peoples Drug Stores, Inc,
have declared the regular dividend Of
$162 on the preferred stock and the
quarterly of IS cents on the common.
The preferred Is payable December is
and the common January 2.
Aubrey o. Dooley and Richard A.
Norris represented Washington Chapter,
American Institute Of Banking, at the
funeral of e. ]. McQuade, q member
Of the institute faculty at the time Of
his death. Robert G. Lacey, ]. J. Rob-
erts and T. Hunton Leith have been ap-
pointed to prepare resolutions for the
chapter on the death of Mr.. McQuade
and John B. Larner.
Senator Glass will call his subcom-
mittee together November IS to draft a
report on the basis of hearings held last
session on revision of Federal Reserve
and national bank laws. The commit
tee viii meet In executive sessions be-
ginning on that date in hope Of prepar-
ing some proposals for the eonsidera-
ton Of the full committee before De-
cenber 4 t.,