davidaulloa/AmericanStories huggingface dataset:
Evening star., 1931-12-06

avenue northwest. The incoming mem
bers OF the House with their ladies will
be guests of honor.
Music and dancing, also cards and
prizes add to the interest OF the eve
ming. Refreshments will be served.
Admtttance by 1881 membership or
guest cards are necessary and owing
10 the rules OF the club, guest cards
must De procured in advance from the
secretary, Miss Blanche Wise, the
Harwill, 1885 K street northwest
Mrs. Gladyce w. Simmons, wife of
Representative Robert G.. Simmons, is
president OF the society.
Evening star., 1931-12-06

nenberg, Mr. and Mrs. Murry George,
MIR. and Mrs. Il. M. Snakenburg, Mr.
and Mrs. c. T. Edwards, Mr. and Mrs
]. F. Lessiler, Mr. and Mrs. Alfred
Clark, Mr. and Mrs. r. c. Ellis, jr; Mr..
Jerrell Sonnenberg, Miss Marjorie Hoff-
man, Miss Merle Simcox, Mr.. Dick
Bowman, Mr.. John Bishop, Miss Olges
Sonnenberg, Mr.. and Mrs. Jack Chap
man, MIR. Golden Jett and MFR and
Mrs. w. v. Pratt.
Evening star., 1931-12-06
Sponsors for Lecture
At Washino+or C1,,L

Mrs. Dorinda Rogers, Mrs. Gaynor
Gardner. Mrs, Edward A. Keys, Mrs
Samuel Kimberly, Mrs. Algeman Gar
diner and Mrs. Alice Whitaker are
sponsoring lecture on History in the
Making given by Miss Janet Richards
lor the benefit of patriotic books for
eile Mary washington Chapter, National
Society, Daughters of the American
revolution, at the Washington Club
Tuesday at 8:15 o'clock.
Evening star., 1931-12-06
Mr.. and Mrs. Wolfe
Celebrate Golden Weddino

Mr.. and Mrs. Richard S. Wolfe, 1874
Irving street northwest, will entertain
their family and a small company of
friends tomorrow evening at the Shore
ham Hotel in celebrating their golden
wedding anniversary
Evening star., 1931-12-06

NSOALO4IAQCN CIULl FdSE.t
will join them today, and they will re-
turn to the Capital tomorrow morning
The Governor of Hawaii and Mrs.
Lawrence M. Judd were the guests of
honor at dinner given last evening at
the Mayf1oWer by Representative and
Mrs William z. Evans of California.
Their other guests were Representative
and Mrs. Carroll L. Beedy of Maine,
Col. and Mrs. L. w Oliver and Mr..
Allen Whiting of Pennsylvania
Admiral Julian L. Latimer, U. S. N,
retired, with Mrs Latimer, entertained
a small group of friends at dinner We'd
nesday evening at Wardman Park Ho-
tel, where they have been staying for
the past few weeks.
Lieut.. Col. and Mrs Charles H. Mason
have taken up their residence at 1900
Tilden street Col. Mason recently came
to duty with the historical section of
the War College.
Capt Lloyd w. Curtis, U. S. NJ. re-
tired, with Mrs. Curtis, of Plainf1eld,
N. j., are spending week or two in
this city and during their sojourn will
be at Wardman Park Hotel
Ensign James H. Howard, U. S. N,
will arrive in Washington Saturday to
spend the holidays with his parents,
Col and Mrs. Howard of 1891 Bel
mont road.
Hungary has raised its bounty to
wheat and rye growers
Evening star., 1931-12-06
Mr.. and Mrs. w. D. Mitchell
Have Guests From China

Continued From First Page.)
Evening star., 1931-12-06

Hungary has raised its bounty to
wheat and rye growers.
Evening star., 1931-12-06

will join them today, and they will re.
turn to the Capital tomorrow morning
Evening star., 1931-12-06

Continued From First Page
Evening star., 1931-12-06

mere is something about black
lace that makes the woman who
wears 1t distinguished looking
ana AInd this year they are more
dramatic than ever, fitting in at
me waist and moving swiftly to
!ne ankle This model has a
Jacket which gives extra chic
and service! Sizes 36 to AZ.
other Cotons from s29.5O to SOS
SECOND FLOOR.
Evening star., 1931-12-06
} for SOS American Broadtail Goats


Isn't it astounding to be a
Hardly more than the cost c
they might readily be taken
how they do wear!
Evening star., 1931-12-06

The secretary of the South African
legation, Mr.. Eugene Kevin Scallan, is
spending the week end in New York.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
MARKETS IMPROVE
ON THREAT OF WAR
Many Minor Trading lnstitu.
tons Become Active on
Far East Reports.
BY BRADLEY w. TRENT.

Special Dispatch to The star
NEW YORK, November 11.-While
ticker tapes have been telling the pub
lie of advancing quotations on powder
and steel shares, and on cotton, silk,
silver, rubber and wheat, all OF which
are affected by the war talk arising
from tire Manchurian situation, there
are dozens of minor markets here That
have moved upward on each report from
China or Japan the last few days.
In the metals list dealers in anti
mony anxiously read every cable from
the Far East, as that commodity is
largely exported from China. Tin, an
other commodity from the Orient, has
been bid up.
over in the list of vegetable oils,
China wood oil, owing to the advance
in shipment costs and the rise in silver,
has moved ahead. Japan wax, weak
and dull only a few days ago, has
turned active and higher, and so has
Japanese menthol.
About this time of the year activity
in the nut market picks up, because OF
the holiday demand. but some COM
mentators regard it as rather unusual
that Manchurians are quoted lower at
this time. One of the results of the
Sino-Japanese crisis in the dried fruit
market is the sharp firming up Of
prices on apricot kernels, due to the
belief that there will be none exported
from the Orient.
The Far Eastern conflict has had no
noticeable price effect on the rice mar
ket to date, but over the last week eX-
port demand has widened and quota
tons have been maintained because of
bank and Farm Board support.
Neither Chinese nor Japanese brands
of tea thus Ear have been influenced by
the general rise in Far Eastern COM
modties, but this is probably due to
slow tea dealings generally and to some
slight gain in Indian tea offerings.
in the canned foods such products as
crab meat. much advertised Japanese
product, and frozen eggs, little adver-
| tised Chinese export, have not been af-
fected by the military events in the
| Orient.
One of the most interested groups in
the entire Manchurian situation are the
oil exporters here. They are watching
every move, because of the markets in
volved and the large investments in
properties there. Soviet Russias recent
! invasion of that selling territory also
has presented problems, aside from
those arising from the Sino-Japanese
conflict.
tCopyright, 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
MACHINE TOOL TRADE
SHOWS BETTER TONE
Special Dispatch to The Star

Special Dispatch to The Star.
NEW YORK, November 11.-One or
Two bright spots appear in the ma
chlnery and machine tool market as a
new week gets under Way. American
Machlnlst reports. Detroit developed
cheerful news in the week lust closing.
one outstanding factor being a Stude-
baker order for a $25O.OOO cylinder
block tool line. Metal-Working ma
chlnery exports for the first nine
months set new high record and ex-
ceeded last years total for the same
period by million dollars.
Chicago had an October gain after
a poor September, the upswing being
>cnlefly IN small tool sales. Cleveland
dealers confidently expect Ford's in
qulrles Tor accessories to start a chain
OF others. New York sees no change
Tor the better, although in one or two
cases inquiries are up and one dealer
nag an exceptionally good week.
Orders in Detroit included a few
lathes and boring machines and nu-
merous inquiries started to come in
from automobile builders. Indianapo-
lis sells tool here and there to radio
caDlnet and furniture builders and
hopes Tor some good out of $25,000,000
expenditures for new roads next Spring
CINCINNATI hears rumors that the Gov
eminent is planning additional pur-
chaSeS there.
New England-October totals gave no
lndlcatlon OF tool sale progress Fa-
vorable factors in the closing week
included small tool, aircraft, automo-
bile body, clock and radio builders
Inc racine Northwest, while optimistic,
reports mainly municipal orders.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
STOCKS.
Brokers' Comment
PUBLIC UTILITY.

NEW YORK, November l1.-Brok-
erage houses today pointed out that the
technical reaction in stocks should carry
further. but resumption of the ad-
vance was generally looked for after the
corrective movement had been COM
pleted.
Redmond g. Co-The reaction in the
industrials may carry somewhat fur
Their. but we anticipate that an effort
will be made to keep it within technical
proportions, preparatory to another at
tempt to bring about general ad-
vance. Much will depend upon news
developments in the next week or 10
DAYS, but we have not changed our
opinion that another testing out OF the
October lows is likely before the market
enters upon a major and sustained up
swing. although it may not come until
December, or possibly after the turn OF
the year.
Hornblower & Weeks.-In all proba-
hility we have witnessed one half of the
Corrective movement to which the mar
ket is entitled, following its advance
into new high territory. We are not
expecting the current reaction to carry
beyond technical proportions and feel
that following a consolidation of recent
gains, the market should again be in a
favorable position to resume its advance.
Jackson Bros Boesel & Cove look
for a consolidation of the recent sharp
advances in industrial and railroad
stocks during the next few market ses-
sions. This implies backing and filling
and a reaction to a moderately lower
level and does not alter the opinion
that stock prices as measured in the
averages, will reach considerably higher
f., levels later on.
Shields g. Co-Important grain ex-
changes are closed today so the stock
market is left without the bullish en-
thusiasm engendered by wild specula-
ton there. Any favorable news would
be exaggerated, however, and bring re-
sumption of the rally so that the most
advantageous trading policy at the
moment appears to be to purchase on
reactions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
BOND
PRICES ARE FIRM.
Foreign List FIuctuates Irreg-
uIarIy-SeIIing Orders Alb
Sorbed at Opening.
BY F. H. RICHARDSON.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, November 1l.-While
there was considerable irregularity in
the bond market today, domestic COR
poration bonds showed firmness and
some of them extended their rally. 1t
was the ninth successive market ses-
sion in which these descriptions showed
improvement.
Foreign dollar bonds f1uctuated on
both sides of the previous close, with
Japanese issues generally higher and
Germans staging some recovery after
their dip on Tuesday.
At the opening the market met an
accumulation of selling orders, but these
we're readily absorbed Wall Street
took the view that the reaction in COM
modities was merely technical after the
sharp advance and that liquidation of
bonds just now was unwarranted In
large part the selling was attributable
to profit taking.
Probably the most significant devel-
opment was the strength of the spec
ulative railroad group. Advances of
to 2 points occurred in Allegheny Ger
poration IS, st. Paul SIS. Rock Island
AIS, Erie general As and SIS, Missouri
Pacific SIS, Frisco 4l2s Wabash SIPS
and Western Maryland 5l2s. Better
grade railroad obligations, such as
Pennsylvania general 412s and South
crn Pacific AIS, were also strong.
There were dips of l to IL points,
however. in Nickel Plate issues.
Industrial descriptions that improved
included American Water Works IS,
National Steel SIS, Sinclair Oil Gas,
McKesson e. Robbins SIPS, Inland Steel
Abs, Youngstown Sheet e. Tube IS,
Standard Oil of New Jersey IS and
many others of similar quality. High
grade corporation issues that ordinar-
lily move with money rates were firm.
United States Government bonds we're
little changed. Time money was steady.
Bonds opened lower in quiet trading.
The foreign list, still disturbed by the
Manchurian situation and the weak
ness of German securities, was frac-
tionally lower. German government is
sues dropped small amounts and Ger
man Central Bank Bonds were from
u toIl2 points lower. British govern
ment l2s were firm. Japanese issues
opened lower. The sole spot of strength
in the foreign dollar group was in Aus
tralian descriptions. which opened from
l to 2l2 points higher.
Domestic bends were dull. In the
railroad group Pennsylvania General
4l2s were higher, but junior obligations,
like Missouri Pacific SIS, Erie IS and
International Great Northern adjust
mentS were off.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
Buying a Bond
BY GEORGE T. HUGHES.

Divers reasons influence holders of
securities to sell them in the open mar
ket The investor may believe that his
stock or bond is over-valued and that
he can do better by exchanging 1t for
something else. He may think that the
outlook for that particular corporation
is unfavorable or that the general Sit
uation in business and in finance makes
it more profitable to hold cash. than
securities.
In times of market excitement when
prices appear to be melting away the
average observer puts the worst con-
struction on the motives back of the
selling. But it may be that the seller
has no choice in the matter. He may
be forced by circumstances beyond his
control to liquidate his investments re-
CARELESS of price. AS matter of fact
that is a common situation in long bear
movements.
These observations apply particularly
to the bond market at present. Quota
tons have been representing not value
or any approximation of value but the
necessities of the sellers. Holders, both
individual and institutional, in their
overwhelming desire to preserve liquid
condition have thrown on a market
unable to absorb them great blocks of
securities with resultant declines I'M
warranted by any repression In business
or loss of earning power, actual or pro-
spective. This is not necessarily true of
foreign issues where it may be admitted
that currency depreciation in the home
country or the borrower and political
disturbances of varying degree of seri-
BUSINESS may have justified a consider
able degree of market price readjust-
ment but of domestic issues where none
OF thes factors apply.
This Is not to suggest that the reader
enter the bond market simply because
prices SEEM low 1t is to advise en-
phatically against disposing of hold
ingS previously acquired simply because
other people are diSposing of theirs. 1t
is sometimes said that in the security
markets one should not buy price,
meaning one should not pay a high fig
ure for something because it is the fash
ion to do so and it looks as if a profit
were sure to accrue. II is Just as true
that one should not sell price, meaning
that one should not throw securities
overheard simply because others are
doing 1t: Only temporarily Is it safe to
follow the crowd
Copyright, 1919
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
BUILDING AND LOAN
COUNCIL WILL Dine
Officers of U. S. League to Be Spe-
cial Guests at Annual
Gathering.

The District of Columbia Council Of
Building and Loan Association will hold
its annual dinner at the Willard Hotel
on December /. The council will have
as its guests officers and directors OF
the United States Building and Loan
League and other building and loan
men of national prominence. who will
be in the city at that time to attend
President Hoovers conference on hons
ownership and construction.
This conference will open on the eve
ming of December 2 at Continental Hall
with an address by President Hoover.
and will continue in session until De-
cember 5.
Officers of the United States Building
and Loan League. who will be the guests
of the local council, are William z.
Best. Pittsburgh. president; Ward B.
Whitlock, Springfield, Ill, first vice pres
ident; Philip Lieber, Shreveport, La,
second vice president; H. F. Cellarius.
Cincinnati, secretary treasurer
Directors of the national league are
Ernest A. Hale, Boston; John Warren.
Jersey City; William P. Siegert, Phila-
delphia; L. p Mccullough, Columbus.
Ohio; George r. Wooten, Hickory, N.
C.; George r. McKinnis, Shawnee,
Okla; Carl j. Weber, Fort Wayne. Ind:
Lee G. Stidd, Portland, Greg. Among
other distinguished guests will be George
r. Bliss, il, New York City. president
of the American Savings. Building &,
Loan Institute: r. Hallby Myers. Les
Angeles, Calf, and H. Morton BoGfish
Chicago executive manager of the ma
tional league.
The committee in charge of dinner
arrangements is composed of C. Gin
ton James chairman; Chaplin B Bau-
man, William S. Quinter. Carl Berg
mann and Edward c. Baltz.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
Business Notes

NEW YORK, November 11.-A gain
in the number of buyers registered in
the New York wholesale merchandise
market during the week ended Tuesday
was noted as compared with the pre-
ceding week and the corresponding Pc
Rod last year, according to lists pub
lished in the New York Times. The
total for the past week was 1928, as
against 500 listed for the previous week
and GIG for the like week of 1880.
Special offerings in gift and toy lines
are beginning to attract fair volume
of early Christmas shopping, retail
executives in New York report. While
in number of instances these depart
ments will not be given their full holi-
day space for another 10 days or so,
they have been expanded somewhat to
develop consumer interest. The trend
toward specials at this time, 1t was
said, is probably significant OF what
will feature shopping when 1t gets into
full swing.
Orders for coats continue to come in
briskly, reports in the New York market
indicate. Not only is business being
placed through resident offices, but
larger number of buyers have person
ally come into the market than is usual
for this time of the year. Most OF the
recorders are for immediate delivery, for
selling this month and the early part
of December.
Credit executives in the hardware
manufacturing industry have appointed
a committee of seven to devise a defl-
mite plan whereby bad debt losses IN the
industry can be curtailed. the plan
will be submitted at meeting in New
York November 10. to be followed by a
general conference of the industry on
December 10.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
FARM LOAN BANKS
IN GOOD CONDITION
Reports of Twelve Federal
Institutions Show In
crease in Profits.
ny CHAS. P. SHAEFFER,
Associated Press Business Writer,

Associated
Financial institutions coming under
the jurisdiction of the Federal Farm
Loan Bureau are shown to have oeen
IN pood shape at the end of the third
quarter of the year.
The combined capital stock OF the
IL Federal Land Banks on september
30 was 65,954,172, a decrease OF Sou
600 during the quarter. Special re-
eerves against real estate, delinquent
installments, etc, was built up S1oS;uUo
To an aggregate of S18,789, 40l; Wnlls
legal and other reserves sIurnPe9
S5S 600 to Sl3,298.032. Undlvldeo
nrofits increased by $257,000 during tne
quarter to $3,307 1898. Total CAPITA
stock. reserves and undlvldea ploll'e
increased SAL 900 to $l0l,349,oIL. ;o,,+
s+ocT land banks had closed l29,64z
Soone oppreaating 1897 ,668,l 1863 m
o 1r"i of IT'S, and $85l,746 over tne
'-..,,io,,c quarter. There were outstallu-
no on the latter date 96,3l5 loans. Q!
F95 less than the previous quaLtei,
+he unmatured principal Oh Wli ,nl
tntaled s552, O72, 466 or $685., 2I9 less
+,an at the close of the previous va
ter These outstanding loans hi ~, NO
278. amounting to soy % , ~ nm
Joint stock land banks IN recen 5 S Satrl.
Total amount of joint STOCK IarG an was
i,o,,ds outstanding on September 50 WaS
pom oSsHs Ss $50 34o including 1881, 900 held
-, ise,,i,,p banks. These hgureS 40 ny
Exclude anv bonds matured or calig i
49,, the bonds issued or assumed NY VIC
nor ini,,t 'is STOCK land banks in receivershlp'
There 4Taar we We're az institutions in opera ira
ton l in voluntary liquidatlon,s anu .to
4 in receivership at the end Oh 'iie
quarter. 80 tho 70 Federal
,,,torrnediate credit Banks from organ
1zasl9n az aggregated 1890; 63e 242 The
amount outstanding on the latter ee ga Ga'e :
wa. $40. 800, ITO, a decrease Oh So'ooo'
nno over the previous quarter.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
PRICE INDEX IN LARGEST
GAIN FOR MANY MONTHS

The weekly wholesale price index of
the National Fertilizer Association,
based on ats price quotations COM
puted weekly, showed the largest gain
in many months. The index number
for the latest week is 678, compared
with 66.6 for the preceding week, a
gain of IL points. A month ago the
index number stood at 664 and a year
ago it stood at 8l.9.
The rise in the index number was
due chiefly to sharp advances in the
prices for grains, foodstuffs, cattle and
petroleum. While spot cotton at New
orleans showed slight gain in price,
spot cotton at Galveston showed a
slight drop.
OF the IA groups comprising the in
uex, four advanced, six declined and
the remaining four showed no change
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
COPPER PRODUCERS
STILL IN CONFERENCE
Various Interests Reported Near
Agreement, but Differences Are
to Be Adjusted.

BY the Associated Press :, 1nter-
NEW YORK, November liner
national copper producers, holding m
f ftHI conferences in New York were
today understood in copper o o,nee on
cIes to be nearing an agreellehU oii
the curtailment of output. ,,
The copper men, it was SAID, peneH1
that prices and stocks can be properly
adjusted if a limit is set for eacn coull-
try Of $1,000 tons m tSa Regia Ree eoT-
r,orstion. have thus far withheld lnen
approval OF this limit on the gro Gotio,s
that their proportion OF reou otl1er
would be greater than that at otheF
countries. -, ,o,o the
small producers regarding marKetlIls
,1lans and other problems are stln 70
he adjusted, and until this is done no
general meeting of the conterees wiz
be called. European producers nave
been in New York about three weeks.
Electrolytic copper continued IN
changed at 7 cents a pound Ior 90
y,.estic Shipment and 71a cents to Ham
burg. Havre and London.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
Gang Tax Case in Lupay.

Lupay, Batangas. in the Philippines
has its own gang leader tax case. FER
fecto Limbo, head of the Veteranos de la
and 81 others animated
with that organization are being IN
vestigated by local authorities Tor re-
fusing to pay taxes to the government.
Limbo also is being questioned as to his
reason for organizing the gang, He is
said to have 10 followers and police
have found that most Of them keep
prohibited arms and receipts supposed
TO have been signed by Gen. Aguinaldo.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
Construction Contracts.

NEW YORK, November II Gloon
.+r,,ct;on contracts awarded in the
Tot area of New York during
October totaled $40 $4,000, F. w. Dodge
Cornoration reports. This compares with
$40 O53 800 in the like month last year;
Non-residential building contrlputeo
s48, 7ol 500 to last months total whicn
was largely accounted for by the ne"
Radio CITY development contracts.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
POTATO MARKET.

CHICAGO. November IL (P).-(U. s.
Dept. Agr0-Potatoes 80, on track 26l,
total U. S. shipments STA; about steady,
trading just fair; sacked per cwt:
Wisconsin round whites 70a80; few IS:
Minnesota, North Dakota Red River
On1os 85a95; Idaho russets No. l.,
1.25a1 40. few higher; No. 2. LOCAL ,o5;
commercials ITO.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
Revenue Freight Loadings
BY the Associated Press.

Loadings Of revenue freight totaled
740,363 cars during the week ended
October 81. Total loadings for COM
parable periods, as measured by the
American Railway Association, follow:
Week ended October 81, 740,363 cars;
previous week, 769.673 cars; same week
last year. 934.715 cars.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-11
Ohio Bank Closed.

NEW LEXINGTON, Ohio, November
IL R).-The Citizens National Bank
here closed at the order Of its
directors due to heavy Withdrawals Of
deposits and frozen assets. II had
capital of $4,000 and resources of ap-
proximately Sl,500,000.