davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-08

grenade, thrown during an enemy raid. "A
piece OF the grenade lodged in the Americans
leg, but he would not have the wound bandaged
until the attackers had been driven off,
Bouligny's wound was slow in healing. When
ne left the hospital on May S, 1917, he was
detached TO the French aviation corps. He got
his pilots license the following July IS and
volunteered for service over the Macedonian
'front.' where he served for about year.
He was ordered back to France at the end
OF July, 1918, and was transferred to the o. 8.
Army Aviation Corps on October "a as q second
lieutenant The armistice was signed before
he was sent back to the front in u s. uniform
He sailed for America on December Is and was
mustered out Of the U. s. Army on January z,
1919.
Edgar Bouligny had met In 1917, while In
Paris on leave, a French girl, Odile Hubeau,
an orphan Of humble origin. Returning to
France after demobilization, he married her
and they went to New Orleans to 1--we
In 1921 Bouligny bought two mules and q
covered wagon, Of the old prairie schooner
type, and with his wife set out across the
country. taking photographs and giving Illus
trated lectures as he went, and arriving at
Long Beach, Calf, late in 1922.
A LITTLE later he drove north to San Franz
cisco, gave up his covered wagon, and
bought a battered old Ford for $40. with.
OuI SPc2iuHAB one cent 1Or repairs, ne drove the
ancient car across the United States. and In
November, 1923, sold the vehicle In Hoboken,
N. j., for $S5.
After several years. in which he moved rest.
lessly from place to place, Bouligny and his
wife returned to New Orleans, settling In the
old French quarter of the city, and Edgar
started work a photographer He fell III
In April, entered hospital, and upon recoms
mendation by o. S. army doctors, was awarded
q pension.
AT the same time. he learned that he was
soon to receive the French Military Medal for
which he had been proposed so often and that
France had granted him a small pension His
stay in the hospital short; he began to feel
better, and life smiled upon him.
He wrote me on May IL, 1891: II am being
treated like king down here"
week later, on May Is, Bouligny was
treated as kings often have been; he was mus.
dered. His wife shot him, with little revolver
she had purchased in Paris. She stated that
there was violent quarrel, and that Edgar
advanced upon her with his fists c1enched ana
she became afraid. She reached under the buff
fet for q revolver and shot him.
Both the authorities and BoulignyS relatives
satisfied that her story of shooting in self
defense was true. The district attorney dropped
all charges against her the next day, and she
was cared for by her dead husbands family.
taken into their home and defended by them,
until she was able to return to France.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06

tine loans sold abroad will never be
lacking. IL the substance Of an address
made before members Of the Huenoe
Aires stock Nxchange, by its president,
ouillefmo padiila. Senior Padilla also
wrote to the New York stock Exchange,
in which he emphasized that. f1lail.
cially, the situation In Argentina Is nor
NAL ana that national finances Is well
as national economy are developing rea-
Sonahiy satisfactorily.
Currency imitation.
The disastrous effects Of currency in
f1ation upon the economic life of Ger
many after the W.. are still very vivid
In the minds Of thy herman people and
their lleikhbofs. 1'he present govern.
fnent u, therefore, doing its utrnost not
to pursue as unsound an economic poll
icy as was embarked upon some Is years
ago.
Hence, the rather drastic measures
which are now being taken and which,
while entailing hardshipS, may tend to
preserve the currency and save the
credit Of Germany abroad It will be
only by rigid economies that the Reich
and the various political Subdivisions
may be able to take care OF their long.
term obligations held by investors
throughout the world.
(Copsritht, 1881. BY North American News
paper Alliance, Ine)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06
Special pispat.h to The star.

Special Dispatsh 10 The Star,
NEW YOKK, sAugust 6.-Bsnk credit
continues to thaw at a greater rate than
It freezes. The pr5csss involves a trans
fec OF bank none from short term in
Vestment into long term In so far, as the
banks afs reducing their loans on col-
lateral about which there is any doubt,
the pfoceSs Is strengthening the Bank
Ing position, but the short term loan
day 10 day or up 70 90 cays---is the real
baI6ir1g loaE Banks ~ not like to tie
UP money for longer periods, and the
proper function Of a bank Is to provide
short rather than long accommodation.
To large exteslt the reduction In
outstanding bank credit Is due to the
scarcity Of demand, and the contraction
Ia the supply OF short term paper is an
creasine the proportion Of lendanle
funds 70 che demand Interest rates as
eonseudenee are lew and bank carr
inss are low atss.
Bank Dividends Cut.
Even the powarful British banks, gu
joying higher level II interest rates
than are the metropolitan American
banks. are beginning TO cat DIVIDENDS
and they are reminding their share
holders that banks cannot remain i'm
AAu4AS EEttEAhf AA00C NChst CHoAOAA
In recent months the bulk Of the de-
fiation n, bark loans has taken place
In New York and other Yarge centers.
Country banks, faeAd with low prices
for farm products, are finding It dit.
ficult to avoid extentiofi OF their loans
They are freesing their credit Tor q
while on the chance that wheat and cot
ton will 70 up A.. the same time their
positions for the most part are fairly
liquid since. t. pfepsre Tor eTen.uailties.
they have kept their surplus reserves
liquid rather than put them into bonds.
Credit congnaling in city banks is
principally In foreign loans Aneriea's
share OF short-term German loans Is
estimated at $500, 0o0, 900, OF which
about $3.50, 600 600 Is bank credit. the
bulk OF which Is extended by New York
banks Much Of taie IL either frozen or
win be allowed to freeze for few
months at least Granted the ultimate
sonndness of these leans, the banks can
afford TO have this much credit tied up.
No recent figures for ell the banks
of the country are available, but the
weekly reports Of member banks Of the
Federal Reserve system in leading cities
sl1cw a reduction Of loans on securities
OF 1921 .00o. 900. In the same period
brokers loans In Wall Street have
dropped t519 600 GOO. az which only
ST 900 900 was for account Of other
than bank lenders. However,, out-of-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06
Baltimore Markets
Special Dispatch to The star.

Special Dispatch to The star.
BALTIMORE, Nd, August g.
Potatoes, new. barrel, 10oa1.75; sweet
potatoes. bushel, /. O0a2 90: beans, bushel
50a60; beets, per 100, 75a1.26; cabbage,
busf1el. 20as0; carrots. per 100. 2.00a
800; corn, per dozen, Sa12; cucumbers,
hamper, 2Oa6o; egeplants, hamper. 65a
rs; lettuce, per crate, 1.25a5.00; lima
beans, hamper, Local IS; okra, bushel,
200a2. SO; pcspers, hamper, 35a50;
onions, per 100 pounds, 75a1 90; peas,
bushel, 3,7sa4.00: squash, per bushel,
30a40; toms 5oes, hamper, 25a50; apples,
bushel, 25s1 IS; blackberries, per quart,
10a15; cantaloupes, per crate, 75a3.00.
Dairy Market.
Poultry. Chickens, young, goa
81; old hens, l9a25; Leghorns, l4alS;
roosters. 12al5; ducks, 14a22; pigeons,
EeEs~Receipts, s34 cases; current
receipts. 17A1s; hennery, whites, firsts
Butter-aood and fancy creamery,
25a27; ladies, 18a19; process, 2oa2l;
store packed, Is.
Hay and Grain Prices.
Wheat-No. 2 red Winter, export, no
VI
spot, domestic. 4834; August, ASA;
september, so.
Corf1-No yellow, domestic, Tail "a;
cob corn, 3.5ua375 per barrel.
Oats-No. white, domestic, 33aS4;
No. 3. 32a53.
Rye-Nearby, 40a45.
Hay-fseeeipts, noneA General hay
market is quiet. Receipts ample and
outward movement slow. Competition
of pasturage making itself felt. Fair
to good timothy and clover mixed hay
Cold) ranges from 1900 to 20.00 per ton.
Between seasons now and situation very
unsettled.
Straw-No. l wheat, I2.00a1250 per
ton; No. oat, 1200a12.50 per ton.
Live Stock Market.
Cattle-Receipts, $50 head; light sup
ply; market steady.
Steers-Choice to prime, none; good
TO choice, 725a7.75; medium to good,
.6Oa7R5; fair to medium, 5.75a6.50;
plain to fair, 5.25a5.75; common to
plain, 4.5Oa5.25.
Bulls-Choice to prime, none; good
to choice, none; medium to good. 4.50a
500: fair to medium, 4.0ea450; plain
to fair, 300a4.00; common to plain,
3.0Oa3. so.
Cows-Choice to prime, none; good
to choice, none: medium to good, 4.00a
so: fair to medium, 350a4.0O; plain
to fair, 25oa3.50; common to plain,
2.0Oa2. so.
Feifers-Ch to prime. none; good
to choice, 6.50a7 90; medium to good,
6.ObA6.50; fair to medium, 5.50a6.00
pI9in to fair, 500a5.50; common to
plain, 450a5. 90.
Hogs-Receipts, 100 head; light sup
ply, market steady light 8,50a8. 80:
heavies. 6.75ae. 30; medium, 850a8 80;
pigs 8.50aS.s0.
sheep and Iafnbs--Receipts, 1000
head; light supply. market steady; sheep,
.00a2 so; Spring lambs, 400a8.25.
Fresh COWS and springers. 30.00a60 90.
Calves-Receipts, rs head; light sup
ply, market steady; calves, 3.50a9.00.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06
BANK CREDIT STEADILY REDUCED
BUT FOREIGN LOANS REMAIN HIGH
Collateral Lending by Members of Federal
Reserve System Has Been Gut
1891 100000 In Recent Weeks.

town banks increased their participa-
ton by sos 900 900 in brokers loans.
In this period the so-cslled commercial
loans for reporting member banks have
dropped $19l ,000, 900 Only part Of this
total reduction OF S1,012, o00, 900 In bank
credit has been transferred to bank
investments, that item having riser only
S2t7,000,u0 The remainder Is q
measure of the greater liquidity of bank
credit. Reporting member banks, Incl
dentalFy. comprise apout 30 per cent Of
the total banking resources OF the
country.
Extent of Reduction.
Compared xtth q year age. reporting
city member banks have made a total
reduction Of all loans Of $2.45e 600 900
and have increased their investments
81 SIS, 900 900, OF which only SSlS, 000,-
900 has been IN other than Government
securities. Deposits are down $452 ,000,-
900, After recent halt in bond buying.
this weeks statement OF reporting banks
shows an increase of $50 100000 in
investments, accompanied by q drop of
Sal ,0oO, 600 in loans
(CopyriRht. 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06
Investment Rules
BY GEORGE T. HUGHES.

Still considering the subject of fit
source of the funds to be invested is
important. The situation existing on re-
ceipt of an unexpected legacy is quite
different from that when money has
heen saved in small lots over a period
of years. Profits accumulated in stock
market speculation, II such a cofltin-
gency can be imagined nowadays. call
for yet another kind of treatment.
One of the best known Wall Street
spectators made ii a point TO set aside
a regular sum for the purchase OF an
ayocation, and he knew his own weak
ness, with the result that the money he
really wanted to save he put where he
could not dissipate 1t. AS long as he
lived he would receive semi-annual dis
tributions, but the principal was beyond
his reach.
Now, few Of us are In that fortunate
or unfortunate as you prefer, position
I once had a visit from a stranger who
said he had received a large sum of
money, much larger than he ever ex-
pected to receive again, and that he
wanted to invest it where it would be
absolutely safe. These cases, however,
are exceptional. Most of US, If we have
any monetary reserves at all, have ac-
cuniuIated them by patient savings, and
1t is the needs of this class Of investor
which will be considered In the series
Of articles Immediately to follow. re-
serving for a later time the require
merts of those with q large capital at
their disposal.
There are three mediums Of insest-
ment available to the young man or
woman just starting out. These are the
savings bank, the building and loan and
life insurance. Only when It has been
established that these three sources are
inadequate will it be in order to turn
to the purchase of securities
tCopsrieht. ie51)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06
DEPRESSI0NS DECLARED
SPUR TO NEW BUSINESS

Mems minds always work faster In
depressions," writes Raymond Willough-
by in the August Nations Business.
The result of new ideas developed now
vii mean prosperity to class of far
sighted business men VINO are the quick
est to get them before the public. No
king force such as the au-
tomobile or radio is visible at the mo-
rnent, but hundreds or new things are
planned. And the possibilities for a
new product that will sweep the coun-
try are endless,
Among the latest innovations are
ankle-high radiators. aluminium for
framing tall buildings. imitation lava
for making interior concrete floors,
heat-supplylng rugs, glass brick to make
hung buildings absolutely all-window.
There are now at least two hung build
ings in New York CITY, and one man
has built models OF house which
hangs suspended from fabricated steel
pole set in bed rock.
An elevator of new type with cars
operating separately in the same shaft
is already in use, an automatic garage,
operated by one man who can receive,
park and deliver cars without leaving
the central control room is already in
operation.
Real wood which can be cut with
scissors ana bent almost double without
breaking IL offered in a new product
which combines the texture and at
tractiveness OF natural wood with the
PORTABILITY of heavy cloth.
The fifst pound Of dry ice was sold
in America in 1925. At the end of 1880
the total production was $4,000 tons.
Eighteen plants are now operating
seattle ice cream, packed in dry ice,
has been sold in Germany"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06

Bank Roster Shrinks.
What complete reversal there is Of
the situation existing in the United
States three, or even two, years ago.
At that time hardly q day passed on
which the formation Of one or several
banks was not announced. There were
few street corners in New York which
did not house bank. Cynics remarked
that banks had taken the place OF
saloons.
Today each day brings the disappear.
ance of at least one banking institute
ton. The closing yesterday Of three
banks in the midtown section of New
York is likely to aggravate an already
difflcult economic situation.
Although each of the banks affected
Is relatively unimportant in the aggre-
gate, the closing is rather serious, es-
pecially as regards the retail merchant
and trader of New York and the small
manufacturer, whose business the closed
institutions were handling.
du Points Prospects.
Few will question the high degree Of
marketability of General Motors shares.
The du Pont Co. apparently does,
due, it would seem. TO ultra-cof1ser-
vatism on the part of its management.
Although holding almost one share OF
General MOCorS Tor eacn snare Oh It's own
stock, du Pont does not include these
holdings among the balance sheet item
of marketable securities.
Nevertheless, the declaration OF the
regular dividend by General Motors Il
doubtless a strong point in favor OF du
Pont, which should further Be helped
by the rapidly increasing profits OF its
latest addition Cellophane.
Sees Shorter Depression.
The present period of depression Is
going to be of shorter duration than
previous crises, according to Philip d.
Wagner, president of the Underwood
Elliott Fischer Co. Commenting on an
increase in business by his own COM
pany, Mr. Wagner attributes the gain
to the ability and the desire of Amer
lean business to progress as rapidly as
conditions permit
Funds to NEST the service on Argen-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06
Brokers' Comment

NEW YORK, August 6.-Brokers' adj
vices today rather agreed that the trend
of the stock market locked lower, espe-
cially for the so-called blue chip is
sues.
Munds a. winslow Inability of
market to rally, while individual issues
continue to decline with particular
weakness evident in the rails, suggests
that che recent support point of last
week will be broken. We Relieve that
such a deselopmept would cause con-
siderable increase in the short interest
which would make easier a quick re-
versal Of trend to discount Fall improve
ment.
e r. Hutton q Co.-There is moth
ing encouraging about the action of the
market or the tenor Of the news. Stocks
are slipping on slowly, and considerable
intended selling, temporarily withheld
in the hope of a rally based on seasonal
expansion of business and technical
market conditions that has not been
done. Weakness in issues like U. S.
Steel, American Can, American Tele-
phone, Westinghouse Electric, does not
appear casual to us and we should think
that important buying in such issues
can be postponed for more favorable
level.
Redmond & Co.-Further liquidation
and lower prices seem inevitable in some
of the high-priced stocks.
jackson Bros, Bosel 81 Cove con-
tinue to regard the fails as holding the
key to the current stock market situa-
ton and, as they show no indication OF
reversing their downward trend, we
hold to the view that the whole market
Is likely TO drift to lower levels before
worthwhile rally will develop. The dull
ness of leading stocks on reactions sug-
gests that whatever liquidation remains
to be done will be absorbed in orderly
fashion.
Hornbiower & Weeks.-Because the
rails have reflected investment Senti-
ment so clearly since 1929 and therefore
have run ahead of the general market
considerable speculative attention will
be directed to the performance of this
group over the balance of this week.
Shields A. Cot is believed that
while numerous issues of the scrcslled
blue chip" classification may expert
efce further decline of 10 per cent or
more, due largely to voluntary switching
on the part of investors. such feAdjust-
ments can be accomplished without
greatly disturbing the general run OF
secondary stocks.
Orvis Brothers e. Co.-Resistance
levels around the June lows In stocks
are being tested, and this may continue
for a while, but we would rather buy
good stocks at the present time than sell
them.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06
CURB ISSUES MOVE
IN NARROW RANGE
Utilities Feature Market,
Oils Are Firmer and
Rails Weak.
BY JOHN A. cRoNE.

Special Dispatch TO the star.
NEW YORK, August 6.--An early
rally in curb stocks rapidly faded to-
day. AZ demand dried up during the
first hour. Thereafter price movements
were minute In character.
Public utilities LED the market in
point Of volume. while oils displayed
the firmest indertone and rails sold OF
in sympathy with the trend Of carrier
shares on other security exchanges
Mlectric Bond Il Share was Up o
shade Cities Service was virtually tifi-
changed. Standard OIL OF Indiana
ffactionaily receded and was followed
downward by Standard Oil OF Ohio.
American Gas A Electric lost about q
point on the first few trades.
Vacuum OIL sold on slightly following
the announcement by Socony- Vacuum
Corporation that the new stock was
ready for exchange for Vacuum Oil and
Standard Oil Of New York shares. A
break, Of 10 points in Singer Manufac-
turing was feature OF the higher
priced industrials Aluminium Co. of
America lost two points by midday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06

caused surprise second half Of this year VIII show
probematcal things look at the moment 1ang
off a with fArst half Is not improbable
in mind Is that Chevrolet one
family reports for the third
this production In
year, with earnings equally impressive.
Rumors.
rumored Due LIQUIDATION In the stock Of American
the decline
that Telephone would reduce the next TO subsntae this
prediction the United States steel 10 cited
However incline take these senseless at face
while steers earnings
cut in dividend the earnings Of Tespnon even though slightly
more stable than the steel business
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06
lDAlRY PRODUCT SALE
TOTALS $228,611,428
Northeastern States Co-operatives
show Success in Selling, Re-
cent Survey Reveals.
BY the Associated Press.

BY the Associated Press.
Farmers in the IL Northeastern
States market more dairy products CO.
operatively than any other agricultural
commodities sold through their own
associations in that area.
The Farm Board said today a recent
survey showed that 95 co-operatives,
serving 126, 100 farmers. marketed dairy
products valued at $226, 81 ,428 in 1923.
The sales amounted to $50 per cent OF
the total cash income Of $408. 000, 900
received from dairy products sold by
farmers In those States.
The figures by States for that year
follow:
New York. SOL .814.840; Pennsylvania,
S4e, 764.s 73 Vermont, $29, SIT; Con-
recticut, $14,616,7s2; Maryland. 9l4,-
2S7, 69l; Massachusetts,, $9,5o3, 7SS; New
Hampshire, 5000, 764; Maine. e6,101,-
sis: New Jersey, s4.6o9,26l; Delaware.
$2,592,157; Rhode Island, $4,000, ana
West Virginia, S34T,527.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06
COMMERCIAL CREDIT. INC.

BALTIMORE, August Especially -
Recommendations OF directors OF the
Commercial Credit Co., inc. Of New
Orleans to sell assets, distribute pro-
ceeds and liquidate the company, have
been approved by shareholders, it was
learned here.
The company was q subsidiary of
Commercial Credit Co. of Baltimore,
which in the future viii handle ali
OF the business from the Southern ter
ritory heretofore covered by the New
Orleans company.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06
Grain Market
d thA AaanolAtad pfAsl

~ the As9ociateu Press.
CHICAGO. August 6.-Prospects Of &C
least . temporary halt IN the record
oreaklng downturn of wheat prices
had sold here ct 4fss cents b b1shei.
Rallies were accompanied by reports
that owing to extreme cheapness United
states wheat was being used for every
possible purpose now from flour to Als
cohol. A dispatch from Cincinnati re-
ported the. purchase Of 100 carloads Of
wheat BY feed manufacturers who bar
gained for 10 days shipment, but who
were turned down on orders for double
That amount, 30 to 80 days shipment.
dominated by wheat. every other
grain scored new bottom records today.
Wheat closed unsettled, 1aaT lower
than yesterdays finish; corn, $aafh
down; oats, unchanged to "a of. and
provisions, unchanged to % setback.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06
Firm Plans Expansion.

NEW YORK, August 6 (P.-A spe-
ciaf meeting of Parke Davis stockhold-
efs will be held in Detroit August ii
to vote on q plan for acquisition Of
which manufactures and distributes "a
the retail and wholesale drug trade
1t Is proposed to exchange lt3.O2h
shares of Parke Davis stock for the
outstanding preferred and common
took Of the Bay Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06
POWER OUTPUT OFF.

NEW YORK, August 6 iAl.-Produc-
ton Of electricity In the United States
for the week ended August / showed
q decline of per cent from the like
week q year ago. The total, l Ga
0SS 900 kilowatt hours, also showed a
decline. from the previous week. a re-
vefsal OF the recent trend. es output
had shown an increase for the two
preceding weeks
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06
Firm Incorporated.

BALTIMORE, August tSpeciaD -
The washington Gas Transmission
Corporation, 10 Light street, Baltimore
has been Incorporated under the state
laws Of Maryland to generally deal In
transmitting gas. The capital stock
consists OF 1850 shares. no par value
ana John w. Avirett, george .. New
cu1ner and McKenny w. Eserton. 81
Of this city, are Nhe incorp0rators.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-06
POTATO marker,

CHICAGO, August s Gu. s. De-
partment of Agriculture ~ Potatoes, 81
cars; en- track, lei cars: total u. s
shipments, 254 cars; FIRM ON Missouri
stock, steady on other. trading only
fair sacked per hiIndredweight, Mis-
souri, cobblers, 1.20a1. so; occasional
higher; Idaho rGaseete. aaD0aa.le; mast
Shore virginia. barrel, eDbblers, 2.45a
2.65: few shade higher.