davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31

Of those who lean toward pronount
the mutual savings banks of the c
were more than $4,000, 900 deposit
$754. In addition to being the Wo1
United States probably still Is the
potentially, the greatest dispenser
Bank Rate Increase.
Abroad the increase in the British
bank rate to Az per cent was the out
standing event. This should tend to
arrest Withdrawals by France and
strengthen the position of the pound
sterling.
Why is it that whenever financial
difficulties arise in any part of the
world, London almost invariably bears
the brunt of the Storm2 1t is London's
gold reserve which Is called upon and
which Is expected to meet the strain,
whereas other countries which possess
larger stocks of gold do not mind seeing
the yellow metal stagnate in their
vaults. Herein, perhaps, lies London's
greatness as a true financial center.
Why France should continue to take
advantage of the situation, passes com.
prehenston. In the early part of the
World War, Britishers were called upon
to purchase French bonds, payable in
francs. Allied with France in the con-
f1ict, they readily needed the call.
France subsequently DESTROYED her
money to the extent of 80 per cent of
its original value, and English help to
France proved q rather costly affair.
To cap the climax, France is now
calling whatever credits she has In Lon
don, causing rather serious embarrass-
ment to Great Britain. I wonder what
France would think of her neighbor
across the channel, If she, too, attempt
ed TO pay of France 20 cents on the
dollar. After all, has not France set
precedent?
Salary Reductions.
While the administration in Wash
ington steadfastly adheres to the pre-
viously adopted policy of maintaining
wage scales, reductions continue to be
effected In numerous lines. The officials
of two leading roads. the Southern and
the Delaware. Lackawanna g. Western,
announced that they had voluntarily
voted reduction in their salaries. This
follows similar action taken by the
Missouri Pacific and the Pennsylvania.
A general cut of from to 10 per
cent in salaries is expected to be put
into effect within the next two weeks
by Armour q Co. Philip L. Reed, treas
urer Of the company, states that the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
Washington Produce

Butter-one-pound prints. 2sh; tub.
2Sl2.
Eggs-Hennery. 22a2s; current re-
ceipts, 15a17.
Poultry, alive - Spring broilers,
pounds and over, 32a33; 2 to pa
pounds, 32a33l1; II to 2 pounds, 28a
80; Leghorn broilers, large. 24a25;
medium. 22a23; hens, large, 22a25;
small, 18a20; Leghorn hens, large. lisa
Is; small. 13a14: ROSTERS, 12a13.
Dressed-Spring broilers, pounds
and over, 38a40; 2 to 2l2 pounds. 37a
38lz: Ia to 2 pounds. 32a35; Leghorn
broilers, large, 28a30; medium, %; hens,
large, 25a26; small. 20a22: Leghorn
hens, 17a18; small, 14a15: roosters, 13&
IA; Long Island ducks, 21a22
Meats-Beef, prime, 15a1512; choice,
l3l2a1412; medium. 12al212 cow, IL:
veal. top, l212al3; lamb, IT: pork
pounds. 19a20: fresh hams, 1920;
smoked hams, 81; lard, 101s all; strip
bacon, "a.
Live stock-Hogs, heavy. 6.5oaS 90;
light and medium, 8.o0a8.5o; pigs, 800
a8.50; roughs, 3.5oa5.5o; lambs, 5.0oa
$50; calves, 5.o0a8.5o.
Fruits-Watermelons. 20a65: canta-
loupes, 50a1.50; oranges, California. 400
a5.0o; Florida, 550a6.0o; grapefruit,
honeydews, 1.25al.50; honeyballs, 200a
2.5o; bananas. 50a1.0o; plums. 2.50a
275; apples, bushel baskets. 50a1 90:
box stock, Gravenstein's, $50; pears,
325; grapes, 1.50a1.75; peaches, 5oa
$50; huckleberries. 450: blackberries,
500; pineapples, 350a4.oo; nectarines,
Its: figs, 50a1.0o.
Vegetables - Potatoes, per barrel,
400: sweets. per bushel, ITS; tomatoes,
50a1 90; cucumbers. 2-peck baskets,
40a50; corn, fve-dozen sacks, 75a1 90;
string beans, LOO; imas, 2.50a3 IS:
okra, 200; peas, 400: cabbage, 5oa6o;
beetS, per 100 punches, AGO. carrots,
per 100 punches. 200: spinach, New
Zealand. IS; onions, 50-pound sacks.
1.25a2.00; celery, 200.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
CURB ISSUES DRIFT
TO LOWER LEVELS
Leaders Sag as Volume of
Trading Shrinks-0iIs
Are Active.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, July 3l-StockS turned
quiet and drifted slightly lower on the
Curb Exchange around midday after
opening higher today.
Electric Bond & Share moved within
q range Of half point and Cities
Services fluctuations were even smaller.
American Gas a. Electric declined a
point. Standard Oil of Indiana was
only moderately active and was q shade
lower.
The oils exhibited the widest group
movement in the forenoon as some OF
the inactive stocks. like Ohio OH pre-
ferred, rose a point. Stutz was fea-
ture of the motor list as 1t recovered
almost two points.
Daniel Reeves with an advance OF
1ss points, in anticipation of a favor
able July sales statement, led the
grocery chains. Deere & Co. moved
down to new low and proved the soft
est spot in the farm implement dlVi-
sion. Bigelow- Sanford Carpet, as re-
suit of the favorable reception accorded
the recent rug price advance. moved
forward about a point on a limited
turnover.
North American Light & Power COM
mon and Georgia Power preferred stooo
out in their respective claSSificat1ons,
the former pushing ahead and the lat
ter retreating BY declining points
Lefcourt Realty preferred came within
a fraction of it's previous low mark.
Shortly after midday. following the
trend on the big board, pivotal curo
stocks weakened This movement
erased most. if not all of the early APP
probation recorded by such issues as
Vacuum Oil. Standard Oil OF Indiana
and United Founders.
General Aviation sped along to lower
levels In a dull market for aviation
shares. Aluminium Co. Of America
shuttled back and forth in 2-point
range. Middle West Utilities at this
period was of about half point, and
railroad shares were conspicuous by
their virtual absence from the tape.
Expectation that some Of the buying
in motor shares would attract attention
To motor accessories was not fulfilled
in any marked degree, despite the fact
that several of the latter concerns made
public half yearly earning statements.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
BUILDING MACHINE
EXPORTS INCREASE
Foreign Construction Results
in Heavy Demand for
U. S. Product.

Foreign construction, which has been
on the upgrade in recent years, has
brought q heavy demand for American
construction machinery, figures pub
lished by the Commerce Department
SHOW.
Exports Of this type Of machinery
from the United States during 1880
continued the upward trend which has
been in evidence since 1925. The total
shipped last year was valued at sl6.-
$4,000, as compared with S16.37O. 600
IN 1929. From 1925 through 1929 the
expansion in this class of machinery
was at the rate Of approximately
$4,000, 900 per year.
AS is previous years, Canada occu-
pied the position Of the most important
buyer OF American construction equip
ment, It's purchase totaling $4,710, 900 in
1880, slight increase over the total
of $4,690,0o0 established in 1929.
The outstanding development during
last year in this trade was the re-
markable increase in shipments of
construction machinery to Chile. which
amounted to $2,115.000, or 212 times
the total of the previous year. AS a
result Chile replaced Russia as the
second most important outlet for this
type OF American equipment. The
large gain In this instance was made
possible by heavy expenditures on the
part of the Chilean government on
road construction work, public build
ings. water supply and sewage projects,
irrigation works and railroads.
Although dropping to third place in
the list of leading markets for con-
struction equipment, Soviet Russia
boosted its purchases of this class of
goods to $l,500,000 in 1880 from
$1,l80, 900 in 1929, indicating q continual
ton of extensive construction plans in.
connection with that countrys indus
trialization program. Excayators, in
Guiding power shovelS, with parts and
accessories, the sale of which amounted
to 100000, were most important in
this trade, followed by $15o,0o0 worth
of road-1raders
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
FURTHER DROP IN BANK
CLEARINGS is REVEALED
BY the Associated Press.

BY the Associated Press.
NEW YORK. July S1.-Leading cities
in the United States report further
losses in bank clearings this week The
total Of $6006, 639. 900 reveals a de-
crease Of 1913 per cent from last years
figures. At New York City clearings
amounting to $3,953,273 900 show a
heavy decline Of 1858 per cent. The fall
ing of at centers outside New York,
where the total is $2,053, 1866, 900,
amounts to ass per cent. There is an
especially large percentage Of decline
at Chicago one Of II per cent.
In spite Of the fact that the trend
In most cities is so sharply downward,
a very slight increase is noted at Gin
cinnati, the total for that city being
OIL per cent above the figures for the
preceding year.
Bank clearings for the week, as re-
ported to r. @. Dun g. Co., showing in
creases or decreases compared with
same period a year ago, follow:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
New York Cotton
Special Dispatch to The star.

Special Dispatch to The Star.
NEW YORK, July Slater hold
ing steady for several hours today,
pressure on the cotton market was re-
sumed and prices broke 80 points, SELL
ing at new low records for the year.
Private estimates indicated a yield
of over $4,000, 900 bales. This had an
unsettling influence on sentiment and
all months except May broke below the
9-cent figure. The list closed at the
bottom, with the selling movement still
in progress at the close. Spots were
reduced IS points to 8.25.
Cotton range.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
BALTIMORE STOCKS.
Special Dispatch to The Star.
rATTTAR0RE .Tiilv al
EARNINGS REPORTED.

NEW YORK, July 81 P.-The Borg
Warner Corporation reported today for
the June quarter net profit Of $75o,27T,
equal to 81 cents a common share. COM
pared with $l,277,560, or 90 cents .
share, In the like period of 1880.
Autosales Corporation has June quar-
ter net profit Of $l5,741, compared with
net loss Of $17,2i4 in the June quarter
last year.
Calumet d Hecla Consolidated Copper
Co. reported July quarter net loss Of
S5S3,547, compared with net loss Of
$l55,75o In the corresponding quarter
Of 1880,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
Wheat Feeding Estimate.

LINCOLN, Neb. July 81 (P.-Prof.
H. j. Gramlich, head of the husbandry
Department of the University of Ne
braska, yesterday estimated Nebraska
farmers will feed 100000 bushels Of
the States 1891 wheat crop to live stock,
II current market prices continue.
He said that If the corn crop Is poor
farmers might feed as much as 40,000,-
600 bushels of the States wheat crop
estimated at 65,000,000 bushels.
He estimated that more than one
fourth, or $4,000, 900 bushels Of the
Nebraska wheat crop last year was fed
to live stock.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31

stock of latter to be distributed among
debenture holders and creditors Of COM
pany.
Kelvinator Corporation June ship
ments 40 per cent above 1890 month;
better July showing also expected.
Lerner Stores (Md.) common share
earnings six months ended June go
Sl14, VS.. $2.25.
North American Aviation common
share earnings six months ended June
30 rs cents, VS.. 40 cents.
Pacific Public Service net income six
months ended June 80, $267,674, VS..
$239,038.
Parker Rust Proof Co. to buy in out
standing preferred stock at Sl1 share
Pittsburgh g. West Virginia Railway
common share earnings six months
ended June 80, 81 cents, VS.. $3.50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
Grain Market
By the Associated Press.

By the ASsociat ted Press.
CHICAGO, July 31.-The corner" in
July corn that has stirred Nation wide
interest for more than a week went to
successful finish today. Prices dur
ing the final hour of the last day were
at the peak price Of the corner" 72la
cents a bushel, rise of about Is cents
in few days.
The successful deal, one of the most
spectacular in the history of the grain
trade. was generally credited to Thomas
NJ. Howell. but just before the finish of
the corner" reports circulated that he
had an associate-James P. Bickell Of
Toronto, Canada.
July corn closed strong. 4hs to Az
cents higher than yesterday Other
corn deliveries were "a to "a cent down.
In the final minutes of trading July
wheat collapsed. while July corn was
soaring. July wheat went down to 4s
cents a bushel, 3l4 cents under yester-
days close and at the lowest price ever
touched by a wheat future since Chi
cago Board Of Trade dealings began.
Closing quotations on corn ranged
from "a cent decline to 412 cents adj
vance. with wheat showing u to 3A
decline, oats varying from "a of to "A
up and provisions % to 80 cents down.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31

OF credit.
reduction will affect every one from the
President to the Office boy but will not
affect employees on a wage basis.
The Western Electric Co. is about to
introduce five>day week and put into
effect q cut in salaries of about 10 per
cent. According to the company'S vice
president, c. L. Rice, the reduction
should be regarded Is q temporary
measure only.
German Credits.
Despite decisions reached regarding
the maintenance Of 'short-term credits
to Germany, certain financial institu-
tons continue to feel uneasy and in
sist upon withdrawing their funds.
Negotiations are now being carried on
with view to effecting closer co-opera-
ton among all creditors of the Reich.
should these prove successful, Ger
many would be relieved of temporary
pressure and would find it very much
easier to continue to meet the service
on her commercial debt, which she is
anxious to do.
Banks which have participated in
the origtnation and distribution of Ger
man bonds to the investing public, owe
1t to their clients to seriously consider
the damaging consequences of hasty
Withdrawals Of funds.
Bonds Retired.
The bankers for the bond issues of
the Brazilian state Of Minas Geraes
have just announced that $l07 900 par
value Of the outstanding 61z per cent
loans of 1923 and 1929 has been re-
tired through drawings Of bonds at par.
With the bonds quoted in the open
market at about IS cents on the dol
lar, it is apparent that the sinking fund
provisions are distinctly burdensome
Moreover. the state could retire three
times as many bonds If the sinking
fund could be applied to the purchase
of bonds in the market. Provisions in
loan contracts which are too rigid, are
not always the most desirable. In any
event, the faithful discharge Of interest
and sinking fund payments by the
Brazilian state indicates that a low
price does not always denote that de-
fault Is inevitable.
Copyright. 1881. by the North American
Newspaper Alliance, Inc)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
MONEY MARKET.

NEW YORK, July 81 P.-Money
rates held unchanged today. Calf
money was steady at ~ per cent, the
renewal rate in the official market, and
funds were available In the outside
market at per cent.
Bankers acceptances remained quiet,
with supply unable to meet the demand
Asking rates were unchanged Com
mercial paper was quiet and unchanged
and time money was dull and I'M
changed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
POTATO MARKET.

CHICAGO, July 81 (Ho). Omitted States
Department of Agriculture) Potatoes,
81; on track, 1856; total United States
shipments, 1924; weak, trading slow;
sacked, per hundredweight, Missouri
Cobblers, LOCALS; poor. 80 up; Kan
sas, LOCAL .05, few 1.10a1.15; poor. IS
up; East Shore Virginia Cobblers, bar
rel, 2.35a2.50; ordinary to poor, 2.l0a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
Nc ormick & Co.

BALTIMORE, July 81 Especially -
Directors of Mccormick & Co., Inc,
have just declared the regular semi
annual dividend on the company's per
cent preferred stock, payable August l..
The management states that business is
improving and that orders in both June
and July have been ahead of last year.
Mccormick & Co., whose headquarters
are in Baltimore, are exporters, i'm
porters and grinders of spices, mustards.
teas, f1avoring extracts and drug spe-
cialties.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
Notes Are Called.

NEW YORK, July 81 (R).-The KEEL
yinator Corporation has called for re-
tiemption on September 80, at los and
accrued interest, the outstanding 10
year per cent convertible notes OF
former COMPANY
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31

both the common and preferred stock
were omitted altogether.
This action Is not surprising, in view
of the severe contraction of current in
come and the roads current cash posi-
ton. During the first half of this year
the company could report fair balance
available for the preferred, owing to the
accruing of about 81 800 900 of special in
1929, Of Pere Marquette to Chesapeake &
Ohio.
Extent Of Liquidation.
Activity in ChrySler shares yesterday
at advancing prices was attributed to pro-
fesSionals, who justify rise in quotations
on the basis Of the favorable reception of
the new Plymouth car
A further decline in brokers' loans to
new low level is clearly indicative of the
extent of the liquidation which has been
going on.
Reservoir of Capital.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31

YORK July yesterday by
quarterly
drastic
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
CHICAGO STOCK MARKET

BY the Associated Press.
CHICAGO, July 31.-Following Is the
complete official list of transactions in
stocks on the Chicago Stock Exchange
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
SILVER QUOTATIONS.

NEW YORK, July 81 CP.-Bar
silver quiet and y lower at 27N.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
WHOLESALE PRICE INDEX.
y the Associated Press.

BY the Associated Press.
The wholesale selling price index
maintained by the Department Of Com
merce showed q slight recession last
week. In the totals that follow the
level is given for comparable periods.
based on representing 1925 prices as
100. In addition, the selling price Of
q ton Of composite steel products is
given for like periods:
ALI Commodities. Steel.
Week ended July as. 80. Sos $30.98
Previous week. ........ 698 30.98
Same week last year,. 63.3 33.14
Abrogation Of the commercial treaty
with CzechoSlovakia IL seriously Affect
ing Hungary's foreign trade.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
NEW YORK CURB MARKET

Note-An stocks are sold hundred-snAre lots
excepting those designated by the letter (6os) (260s
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
NEW YORK BANK STOCKS

NEW YORK, July 81 lP.-Over-the-
counter market:
hanks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31
Everybody's Business
Omission of Nickel Plate Railroad Dividend Not Sur.
prising in View of Reduced Earnings-Chrysler
Stock Given Whirl.

Special Dispatch to The star.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-31

aPaysbie in stock. Adjournment
fPlus h in
stock Plus 2% in stock Plus lo% in stock Plus 5%
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16

beleta Mead, Mr.. and Mrs. L. Petty
/ john, Miss Dorinda e. Rogers, Miss
Elinor Wells, Mrs j. Earlston Thropp,
! jr.. and Miss Charlotte Campbell.
The committee in charge is composed
OF Mrs Edward Keys, general chair
man: Mrs Willoughby Chesley, chair
man of boxes: Mrs. j. A. CASTOR, chair
man of tickets. and Mrs. r. w. Snowden,
chairman OF the program. They are as
sisted by a group of matrons and maids
Of Washington.
Mrs. Albert Rockwell and Mars. c. A.
| Dorzen of Warren, Pa, are at the
| Shoreham en- route to Yorktown. They
will visit Mrs. Rockwell's cousin, Miss
| j. W. Valiant. at Annapolis before re-
turning to Warren.
Mrs E. Holt Eliason Of Merton. Pa,
has come to Washington with Mrs. II.
| w. Vickers of CheStertown. Md, for a
| lengthy stay and are at Wardman Park
Hotel.
Mr.. and Mrs. j. r. Granger OF New
York City are at the Carlton for few
days.
! Mr.. and Mrs. Henry Kilby OF Nyack,
N. Y, are at the Dodge during their
brief stay in the Capital.
Mrs. T. J. Murphy OF New York City
Is spending couple of weeks at the
| Shoreham.
Mrs. Hugh Mclean of Buffalo, N. Y,
| Is passing few days at the Dodge and
| Is accompanied by Mrs. Hayden C..
Pratt of Rochester
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
STICK NEW CHOICE
FOR TARIFF GROUP
Hoover Plans Appointment,
but Brookhart Declares
He'll "Attend to It,"

Daniel F. Steck, former Senator
from Iowa. has been selected TO fill
the Democratic vacancy on the Tariff
Commission as successor to the late
Alfred P. Dennis of Maryland. accord
ing to source close TO President
Hoover.
Steck retired from the Senate last
March after being defeated for re-
election by Representative L. j. Dick
1nson. a Republican. AS member OF
the Senate he helped to frame the
Smoot -HaWley act which the Tariff
Commission now administers, but he
voted against it on final passage.
Has Foe in Brookhart.
Steck and Senator Brookhart, Re-
publican, Iowa, are bitter longtime
political enemies SteCk was seated
BY the Senate after a prOtracted con-
test resulting from the close election
between the two III 1924
Elected to the Senate two years
later. Brookhart was frequently III OPP
position to Steck The two were not
on speaking terms.
Brookhart to Attend to It."
When told of the authoritative re-
port of Steck's selection, Brockhart
said:
NO report of that kind has come
to me I'll attend to it when the time
comes"
Another vacancy will occur soon on
the Tariff Commission The reSlgna-
ton OF Chairman Fletcher will become
effective next month. He resigned last
Spring after one year in the post, bit
President Hoover prevailed upon him
70 serve another six months.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16

Mrs. T. J. Murphy OF New York City
Is spending a couple of weeks at the
Shoreham.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
ARMY ORDERS

Col. G. NJ. Grail, Infantry, at San
Francisco, and Capt. Neil B. Simms,
QuartermaSter Corps, at Fort Ontario,
N. Y, have been ordered to examination
for possible retirement.
Maj. George F. Spann, Quartermaster
Corps, has been detailed as construction
quartermaSter at Bowman Field, KY:
Maj. Carl l.. Marriott, Chemical War
fare Service. transferred from Edgewood
Arsenal, Md to Chicago: Maj G. E A.
Relnburg, Air Corps, from Maxwell
Field, Ala, to Walter Reed Hospital for
treatment; Capt. w. c. Lee, Infantry.
from Fort EustiS, Va. to Fort McKin-
ley, Me: Capt. K. w. Slauson, Quarter
master Corps, from Paris. France, to
Maxwell Field, Ala; Capt. Will G
Gooch. Quartermaster Corps, from Max
well Field, Ala. to Paris.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
"Y" TO FETE DIRECTOR
"Prof." Beckett, Veteran Physical
Instructor, to Be Guest.

Instructor, to Be Guest.
c. Edward C"Prof) Beckett, who re-
tired recently as physical director Of
the Washington Y. M. c. A. after more
than 80 years Of service, will be guest