davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16
BY DR.. MAX WINKLER.

Special Dispatch to The Star.
NEW YORK, November 16.-Presi-
dent Hoover Is about to take one more
step toward the financial an6 economic
rehabilitation of the United States. The
Chief Executive will ask Congress. when
1t convenes next month, to approve the
creation of mortgage banking system
patterned along the lines OF the Federal
Reserve and Federal Land Bank sys-
TENS for rediscounting loans on homes
advanced by banks, building and loan
associations and other financial insti-
tutions.
1t is reported that these loans will be
limited to the rediScounting Of paper
backed by individual mortgages of not
more than $4,000 each and in an
amount of SO per cent of the unpaid
balance on unamortized or Short-term
mortgage loans or 60 per cent on
amortized long-term mortgages when
such mortgages are not IN default.
The Presidents move is doubtless
highly constructive because it is bound
to result in the thawing Of huge sums
OF frozen creditS-that is, funds tied up
IT various real estate and housing
projects throughout the country. It
also should help materially the financ-
ing of home building, which, in turn,
should affect favorably issues of COM
panies in the building field.
Steel Rationing Proposed.
An overextended industry under q
system of unrestrained competitor can
be drawn into committing serious eco
nomic waste, especially during periods of
temporary business declines, according
to w. M. Wood of Decatur, H., director
of the American Institute Of Steel Con-
struction. In order to eliminate such
ECONOMIC waste, Mr.. Wood proposes a
system of rationing the steel business
under a live-and-let-live plan.
In the meantime. the demand for
steel Is improving in many selling dis
trictS and in several important items.
Needs Of consumers have been accu-
mulating for several weeks, but, owing
to uncertain conditions, purchases have
been postponed. The improvement,
slight though it Is. appears rather sig
niflcant because this Is the time Of the
year when business usually registers
shrtnkage and when consumers wish to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16

Price reductions caused the value Of
United States foreign trade, during the
third quarter of 1881, to slump below
the valuation Of the quarter immediate
ly preceding, the Commerce Depart
ment announced today.
In a report drafted by Miss Grace A..
Witherow of the division of statistical
research it was pointed out that i'm
ports dropped about per cent in value,
despite the fact that this country's
quantity purchases showed a slight in
crease, and the value of exports fell
of about Is per cent.
Reductions in Prices.
In comparison with the corresponding
period of 1880, the report said, the de-
cline of % per cent in the value of
total imports was entirely attributable
to reductions in prices, while the de-
crease of 40 per cent in the value of
exports resulted from "a per cent
reduction in prices, as well as from
smaller physical volume.
1t was brought out that merchandise
exports exceeded merchandise imports
during the quarter to the amount of
14,000000. The steady flow of gold
throughout the quarter brought total
imports up to 1927, 100000, while actual
exports amounted to only $500, 900,
the report said.
However net earmarkings for for
eign account of 1924, 300, oO0-chiefiy
after Englands suspension of the gold
standard-resulted in a net loss of
monetary gold, it was pointed out
The departments statistical expert
asserted that the declines in value of
both exports and imports since the
latter part of 1929 have been due not
only to a reduction in volume of trade
but also in large part to continuous
recessions in commodity prices.
Miss Witherows report said the fin
ished manufactures, amounting to
1886, 800 900, constituted 49.5 per cent
of this country's export in the third
quarter. This group showed a de-
cline of 1916 per cent in value, as COM
pared with the third quarter of 1890,
while semi-manufactures fell off 37.7
per cent
Among the individual finished ar
ticles, it was pointed out, exports of
advanced manufactures of wood, silk
manufactures. rubber manufactures,
office machinery, automobiles, includ-
ing parts; kerosene, leather manufac-
lures, iron and steel, printing machin-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16
PRICE RAISE
is REPORTED ON COAST
BY the Associated Press.

BY the Associated Press.
SAN FRANCISCO, November 16.-
The Chronicle said today San Fran
cisco retailers of gasoline produced by
Independent companies had been or
dered to advance the retail price to
1872 cents a gallon, which is now
being obtained by major companies.
The Independent price has been Is
to Is cents q gallon.
Distributors for refineries, the Chron-
icle said, issued an ultimatum stating
that unless the orders were complied
with the supply would be cut of.
Service station men heralded this
move as precursor to an advance in
the retail price of gasoline distributed
by the majors, with 171a cents a gal
Ion as possibly the next goal.
The Chronicle quoted spokesman
for the independents as saying the
major oil companies had forced the
hand of the independent refiners by
refusing crude oil supplies to those
who refused to lift the retail price.
The refiner will not benefit by the
increase, the paper said, but it will
go to the service station operators.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16
COAL TRAFFIC DEMANDS
MUCH COLDER WEATHER

Goal traffic throughout the country
has been adversely affected by the I'M
seasonably warm weather, and Chesa-
peake & Ohio's coal loadings SO far in
November have shown a slight decline"
said j. ]. Bernet president of the
Chesapeake g. Ohio. However. coal
yards are bare of coal, and with any
cold weather there should be a pickup
in shipments which would benefit
Chesapeake & Ohio substantially dur
ing the closing seven weeks of the year.
&c. & o. is making progress on its
improvement program in Virginia and
West Virginia, involving reconstruction
and enlargement of tunnels and in some
cases building new tunnels to permit
passage of larger motive equipment.
The program should be completed next
Summer or early next Fall
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16
STATE AND MUNICIPAL
BOND OFFERINGS DROP

BY the Associated Press.
NEW YORK, November 16.-New
State and municipal bond offerings
scheduled for this week total $9,872, 599
munities, the Daily Bond Buyer re-
ports.
The total for last week was $685.
813 and the weekly average of new
offerings in this class to date is $34,-
359,515. Among the larger issues
scheduled are $1,000, 900 Ramsey Coun-
ty Mimi, and $2,450,000 various Az
per cent improvement bonds, bids on
both of which will be received Monday,
and $1,250,000 Tarrant County, Tex,
water control and improvement dis
trict No. obligations scheduled for
Tuesday,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16

than 9.3 per cent on the outstanding
capitalization Of 145,530 shares of f1O0
par value. For the six months ended
August 81 profits showed a loss as COM
pared with the same period in 1880 of
less than one-half of l per cent.
The declaration of the regular semi
annual dividend of per cent was ac-
companied by statement by Sir Ernest
Harvey, who presided, that he hoped to
have as good report at the next meet
ing, despite the difficulties through
which the nation is now passing.
(Copyright 1881, by the North American
Newspaper Alliance, Inc.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16

keep their stocks light for the ap-
preaching inventory period.
Western Maryland Gains.
The Western Maryland railroad is de-
irving substantial benefits from the
extension connecting the line with the
Pittsburgh and West Virginia, accord
ing to George P. Bagby, president.
Mr.. Bagby also points out that the
results for the past month will make
q more favorable comparison with Oc-
tober, 1880, than preceding months
nave made with corresponding months
last year. Although loadings have
shown a decline so far this month, as
compared with october, the shrinkage
according to Mr.. Bagby is largely sea-
sonal.
Baldwin Puts Credit First.
Should France insist upon repara-
tionS ranking ahead Of commercial OBJ
legations, Gewnany's credit would be
destroyed completely, In the opinion Of
Stanley Baldwin, conservative leader
in Great Britain.
These loans, continues Mr.. Baldwin,
were not speculative, but represented
the best type Of security in known
markets. 1t is therefore obvious that
the security for these advances must
not be endangered by political debts
Furthermore, should these debts be
subordinated to political obligations, 1t
will result in the undermining of the
economic structure of Germany for
many years to come and destroy any
future prospects of reparations.
Holland America in Default.
The only European bond issue sold
in the United States during the post
war period which is in default is the
H.
bentureS. 1t is reported that holders
have agreed to proposal by the board
OF directors to postpone payment for
six months.
Whether American holders have
been invited to agree to the plan, one
has reasons to doubt. In any event,
the committee of bondholders was
given the right to claim payment of
the deferred interest at any time after
a period of three months and to ap-
point managing director representing
the bondholderS, while the company
agreed to fix a security of 100000
guilders in favor Of the bondholders,
this security serving to cover the
claim OF holders in respect of deferred
interest.
AS the company possesses ample
liquid funds to pay interest on the
debentures, the default came as dis
tinct surprise. An early adjustment Is
confidently expected.
Bank Of England Strong.
There IN as yet no good reason for
abandoning the age-old slogan, "As
strong as the Bank Of England" The
old lady Of Threadneedle street may
have gone and probably still is going
through arduous times, but she has re-
tanned her inherent soundness.
For the IL months ended AUGUST 81
net profits Of the bank aggregated more
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16
Curb ISSUES SAG
IN DRAGGY TRADING
Leading Shares Sell Off
Slightly, but Trend Con-
tinues Downward.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, November 16.-Stocks
on the Curb Exchange today maintain
ed the downward trend in evidence at
the opening, but trading slackened its
pace after midday.
Electric Bond & Share, which de-
clared its regular common quarterly
dividend as expected was off about
half point. Cities Service was shade
lower American Commemorative
Power A and B shares and Electric
Power g. Light option warrants reached
new minimum prices
The sharp decline in silver was mir
rored in some of the silver shares, no
tably New York. Honduras &, Rosario,
which lost nearly 2 points on the first
few trades The rise in wheat during
the forenoon period firmed Deere & Co.
Improvement in the price of the
heavier chemicals was reflected in Dow
Chemical, up more than points,
and a slight firming in American Cya-
namid B. In the aviation division E..
w Bliss, with the gain of point, was
the feature on the upside.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16
New York Cotton

Special Dispatch to The Star.
NEW YORK, November 16.-Open-
ing cotton prices today were to 5
points lower in fair volume of trad
ing. Trade buyers were active, but Of
ferings increased on the downturn and
Offset the markets supporting factors.
Opening prices were: December, 6.31,
off 8; January. 6.42, off 4: March. 6.58,
off 5; May, 6.78. of 3; July, 696, of
3, and october, 7.22, off 2.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16
CHECK TOTAL DROPS.
BY the Associated Press.

BY the Associated Press.
Checks cashed on individual bank
accounts in leading cities of the Fed
eral Reserve system declined 10 per
cent during the week ended November
IL, as compared with the previous
week, which included many disburse-
ments on account of monthly bills.
Total debts for comparable periods
follow, as measured by the board:
Week ended November IL, S7,1el,-
100000.
Previous week, 1884 ,582, 900.
Same week last year, Sill 400, 1894, 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16
Bonds Are Redeemed.

AKRON, Ohio, November Is (P.-Six
per cent gold debentures of the Seiber-
ling Rubber Co. amounting to $3.50, 900,
which matured on November Is, have
F. A. Soldering, president Of the con:
Germ. LLAl4-. s@A4
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16
Everybody's
Business

Hoover Home Loan Plan Is
V'ewed as Constructive
PROPOSAL Bound to Thaw
Out Frozen Funds Tied
Ub IN Real Estate Prof.
ectS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16
Finland Increases Tariffs.

HELSINGFORS, Finland, November
Is (R.-Increased duties on wheat
rice, sugar, benzine and apples, which
are expected to add 10000 900 finnish
marks (about $3,000,00 to the coun-
try's revenue, were announced by the
government.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16
PARIS BOURSE PRICES.

PARIS, November Is P).-Three per
cent rentes, "a francs 95 centimes; S
per cent loan, 101 francs 80 centimes.
Exchange on London, SO francs 19
centimes. The dollar was quoted at
rs francs SO confines.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16
Japanese Books Collected.

EVANSTON, H., P.-Northwestern
University boasts the largest collection
in the world outside Japan of books
and documents in the japanese Ian
guage on Japanese law and politics.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16

Melbourne, Australia, Is TO have an
export trade department to develop
business with China, Java and Malaya.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-16

Dividend dollars based
PaySSe in cash or stocf Payable m ~ Ia s1o5
dividend Plus 81 stock. Plus h
stock Plus 2% in stock Plus lo% in stock IS
Evening star., 1931-12-13
Milady's Motoring
BY FREDERICK C. RUSSELL

ing why an engine works well, but un-
less I discover the secret I'm likely to
be puzzled if the motor suddenly goes
back to its last years trick. I haven't
had the oil changed for the Winter as
yet. Should I observe any special eau
tions here?"
Another question with its own answer
tagging behind This engine still is
operating on the thinned-out, overused
oil of Summer. Thin oil helps a motor
start in cold weather. There you are!
In changing the crankcase contents
it would be well for the owner of this
car to consult the dealer to be sure the
right grade of Winter oil is selected. Oil
should be selected not only for the type
of engine, but its condition as well.
Women who go touring for the first
time in their own cars invariably puzzle
ever the question as to whether or not
to lock the car. While there is always
the possibility that some garage hand
will take the car out without permis-
sion, the safer plan is to leave the key
in the ignition switch, so that in an
emergency, such as fire, the car can be
moved easily. 1t often happens that
the locked car is mishandled by push
ing it around in the garage, if the man
agement desires to sweep the floor or
r5arrange the cars.
Did you guess the queries above? No?
Well, then, here are the answers:
l. ClockwiSe, viewing the engine
from the front
2. The rush of air sucking into
the carburetor, plus the heat of the in
take manifold
3. Because reverse gear is the lowest
Oh the car That is, in reverse the en-
gine rotates more times per each singlS
revolution of the rear wheel This give
the engine mechanical advantage, O
power.
Evening star., 1931-12-13
NATIONAL STANDARD PART
ASSOCIATION ORGANIZED
Aid to Repairing of Automobile
Seen by Local Body
Recently Started.

In the advancement of motor ca,
service comes into being in Washington
and vicinity the National Standard
Parts Association. This organization
of national standing, comprises the
foremost manufacturers. jobbers CT re-
placement parts, tools and shop equip
ment
A maintenance division is conducted
which offers complete help to local
garages in the way of technical repai5
information, monthly bulletins and
manuals for repair costs. At present
there are more than $50 garages in the
city and nearby Maryland and Virginia
members of the N. S. p. A.
A feature of the organization is that
its offers a finance plan on automo-
bile repairing. The plan Of the or
organization is largely to get the con-
fidence of the motoring public, not
cnly in Washington, but in other cities,
In automobile repairing, giving real
service.
Evening star., 1931-12-13
FAIR SEX DRIVERS
HELD RESPONSIBLE
Women Hold Better Record Than
Men for Accidents, Says
A. A. A.

Although women comprise near,,, oz
per cent OF all motor vehicle operators
they are responsible for less than No,
cent OF accidents, according to the NJ.
trict OF Columbia division Of tbe Andor3
can Automobile Association 1A''iel /
The statement is based IN eo,,xo.
from A. A. A. national headr1ae, e ~ g
showing the percentage of wonnan ~ = GriI, "
ers IN the country and an anaIvsis ~
accidents In which they were invojved
during 1880. 4N'oiVeo
IheSe figures" it was said "sbou
that Tor the country as a whole "a . ',0m oo,
cent OF all operators are women pIi oI
though the average is higher in Soma
sections. al Soiile
On the accident side, a studv y,
1881 records revealed that out Of a iotoI
OF l,ZZi,8l7 drivers involved in acoj
dents male drivers figured in a d nar
cent or IL .78l, as compared to te e g
per cent, or 8l,O36, involving woms n
Their record in fatal accidents Was
equaliy as significant. Out of az 806
ulIVerS involved In fatal accidents ID ,
per cent or 34,67l, were male drivers
women vi <'loo
Whether the better record of vo,,o >,
drivers as to fatalities is due 70 ba+.nr
driving or not being behind tbo uJe.ei u,a,
Tor SO many miles as men on tbe go
age Is not indicated by ths ~ rocord "rrt
Nevertheless, all factors coneidoroI u =.
seems evident that women are ~, y " tha =.
whole, proving the most careful ond IA
capable drivers" Aui ana
1t was pointed out that woman driv-
ers are no longer confined entiro,-- :
private vehicles, and it is not m,rS,,aI ~
especially IN large cities, to see them 1sl A.
Evening star., 1931-12-13
GASOLINE USAGE
HELD UNAFFECTED
Consumption Not Hit by
Depression, Says A. R.
B. A. Head.

In the face of the customary increase
IN motor vehicle registration each year,
the consumption of gasoline shows a
marked increase in the first half of
1881, as compared with the first half
Of 1880, according to w. r. Smith.
president of the American Road Build
ers' Association.
7,118,O00,00 Gallons.
Statistics of gasoline consumption
give a total Of 7,1l8,000,0 900 gallons for
the first half of 1881. in contrast with
6,8l0000,000 gallons for the first half
of 1880, an increase of % per cent, "
stated Mr.. Smith. These figures were
compiled by the United States Bureau
OF Public Roads based on a careful
survey.
In Minnesota the increased return
from gasoline consumption was 81 per
cent on gasoline taxes collected from
January l to October 81 1881, accord
ing to figures compiled by the Mime
sofa Highway Department During the
same period the tax collected on motor
vehicles decreased - Of l per cent In
Minnesota. Many other States show
similar record.
Increase in Travel
!, JUG - eFIuSlt from JneSe ngureS
that travel by motor vehicle has in
creased in spite OF the depression.
whether for recreational or business use
TRAFFIC counts in Minnesota indicate
tnat more motor vehicles are using the
highways this year than ever before.
Due 10 the fact that many people
nave put on buying new automobiles.
1t seems evident that there will be a
rapid increase in motor vehicle registra-
tlon When business conditions return to
normal" continued Mr.. Smith.
c. M. Babcock, Minnesota highway
commissioner, predicts that if there is
any curta1lment of highway building.
the highways will be found grossly in
aoequtee for the traffic that will come
upon them. Taking advantage of pre-
Valllng low prices on materials, Mime
sofa Is getting more work DER dollar
Cnan ever oefore and at the same time
employment has been given to thou
sands OF people that needed work.
Competition Held Exaggerated
II all the highways in the United
states now used by trucks in conneti-
tlon with railroads carried all the trucks
that economically could be put on them
they could handle but IS per cent of
tne freight available in 1929, stated
Mr. Smith.
This estimate is based on a recent
statement by Ezra Brainerd, chairman
OF the Interstate Commerce Commis-
SION, credited to the chief of the United
states Bureau of Public Roads to the
erect that present highway canacitv
Tor truck hauling was only 100 000 000
600 ton miles annually, or IS Der cent
OF the Interstate Commerce Commits
sion hgures OF $4,000, ,OOO, 600 ton miles
OF freight available in 1929 '''-1''
Evening star., 1931-12-13
Special Dispatch to The Star.


DETROIT, Mich, December 12.-
Conveniences and comforts that Amer
1can mastery of automatic machinery
has made possible in the modern home
are being embodied in the new motor
cars of 1882.
AS each line Of new models makes its
appearance the list lengthens. The
engineers, the body stylistS and design
ers are trying to outdo one another in
inventive effort.
One Instance Cited.
To cite one instance, many new mod
els already introduced have provision
made in the bodies for radio installa-
ton, now a recognized requirement in
all but the low-priced cars. Other
changes made for 1882, with which
the public is getting a chance TO be-
come familiar. are numerous. Doors
OF some models are equipped with an
"eJector' spring mechanism AS the
door handle is turned to open it. the
spring gives slight automatic kick
which pushes the dcor out and does
away with the pull
For women this device has an ap-
peal because some motor car doors are
not easy to move. The spring serves
double purpose. While the latch Ii
engaged with the dor shut, its tension
in a hard rubber mounting prevents
rattles which come with wear
Insulation to subdue noises now is
installed in cars in the form of padding
and Sheathing, which has the same
effect as the type used to deaden
sounds by cushioning the walls and
ceilings CT Office building interiors.
Thus the car interior is made nom
resonant
These are some of the ways in which
progress has made itself felt.
In still newer models that are to ap-
pear before January l further refine
mentS will be apparent. Window lifts
Will have longer leverage and, by meant
OF smooth mechanism putting them up
or down will be effOrtless and quick.
Pockets in the doors will open and close
with Slipper" type fasteners.
Colored lights on the instrument
board will tell driver instantly if oil
pressure drops below normal or if the
battery stops charging.
Other Improvements.
Most cars now utilize forward and
backward seat adjustment by hand
operated crank. This idea has been
further refined by fitting the mecha-
nism to both front and rear seats and
making the seat backs slide up or down
as desired for individual ease.
Upholstery springs that do not throw
passengers upward or forward when
bumps are encountered are built in
Addition Of lateral springs below the
usual vertical coil springs makes this
possible. With riding quality regu-
lated by manual control, the cars re-
action to rough road surface will be
lessened.