davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-04-14
SMITH PROPOSALS
HAILED IN FRANCE
Writing Off of rs Per Cent of
Import Value Arouses
Discussion.
BY WILLIAM BIRD.
Epecial Cable Dispatch.

GPtCidl OapIe DiSpdICh.
PARIS. April IA France
would certainly accept Alfred E. Smiths
proposal for 20-year suspension of
debt payments, with the writing off of
25 per cent of the value of French i'm
portations from America annually,
leading French economists and states
men told this correspondent today.
Although it was pointed out that this
Scheme would benefit France less than
Americas other creditors, it was noted
that the Smith plan does not compel
France to absorb a larger volume of
imports than she desires to have.
Expresses Views.
Claude j. Gignoux, until recently
minister of national economy, today
stated the French attitude as follows:
Contrary to the American impress
sion France has never desired the gen.
eral cancellation of international aebts
and would vastly prefer that both the
Young reparations plan and the debt
settlements continue to operate. If
Germany continued paying reparations.
France would refuse to allow any part
OF her debt TO America to be cancelled.
or even deferred"
"On the other hand" NJ Gignoux
''it cannot be denied that, looking at
the question from an international
viewpoint. all these payments do arti-
fclauy upset trade, and pthe United
States particularly sees its exports
severely handicapped by the fact that
the European nations need all the dol
lars they can get to make their war
debt payments and consequently cannot
purchase as much American merchan-
disc as they normally would.
There is no question that Mr.
Smiths scheme would greatly stimulate
American exports and there is no doubt
in my mind that France in the present
circumstances would study sympathetic
caIly any such proposal if it came from
the United States Government. AS
understand it, however, Mr.. Smith is not
necessarily rejecting President Hoover's
views, nor is he even speaking for the
Democratic party. Therefore the French
government cannot very well make any
official comment"
Present Import Figures.
Frances present imports from the
United States average around $3.50, ,00O,-
600 In value annually, while war debt
payments are about $50 600, 600. This
would mean that to earn the entire re-
mission of her debt, Frances imports
from America would have to increase
about third and would have to in
crease still further when the war debt
payments increase in subsequent years.
On the other hand, Great Britain'S i'm
ports from America already largely ex-
ceed four times the debt payments, and
the same is true Of Italy.
An American embassy official COM
mented: This looks swell from every
point Of view except that of the United
States Treasury No doubt it would
stimulate the American export trade
and help cure the depression So would
general debt cancellation. Indeed, this
is simply cancellation in disguise"
(Copyright, 1920
Evening star., 1932-04-14
THE WEATHER

District of Columbia-Fair, continued
cool tonight; minimum temperature
about "a degrees; tomorrow fair, slow
ly rising temperature; moderate north
west Winds
Maryland-Fair tonight, with Light
frost in central and heavy frost in ex-
treme west portion; tomorrow fair,
slowly rising temperature.
Virginia-Fsir tonight, possibly light
frost in the interior: tomorrow fair,
slowly rising temperature in west por-
ton
West Virginia-Fair tonight; tomor-
row fair, slowly rising temperature in
west portion.
Evening star., 1932-04-14

short Of heresy" to Senator James Reed
of Missouri and ether potential Demo-
cratic nominees for the presidency.
Mr.. Jahncke pointed to former Gov.
Alfred E. Smith of New York as favor
ing beer and bonds" plank in the
platform, while Senator Joe Robinson
of Arkansas would most certainly take
the beer out and several others are cool
to the bond proposals"
Evening star., 1932-04-14
TOTEM POLE CARVINGS
WIN BOYS ALASKA TRIP
Work of Young Scouts Brings
Praise of Experts on
Exhibit Here.
BY the Associated Press.

NEW YORK. April 14-Because they
are clever at carving totem poles, three
Boy Scouts are going to get free trips
to Alaska in June.
The winners in a totem role con-
test, announced yesterday by the Boy
Scouts of America, are:
Blanchard Kennedy, II years old,
troop 2, Columbus, Miss.
John Potsch, II, troop Is, 2117 South
Sixty-second avenue, Cicero, Ill.
William E. Mueller, IA, troop 20, El
Paso, Tex
The poles they carved, praised by
experts. are exhibited at the Depart
ment of Interior, Washington.
Evening star., 1932-04-14
Police Band Dissolved.

KANSAS CITY. April IA (P).-Believ-
ing the duty of the police is to protect
the public, not amuSe it." City Man
ager McElroy has dissolved the depart
ment's band. Hence, the city has for
sale various musical instruments, a
music stand and a baton
Evening star., 1932-04-14
Added to Brown q. Staff.

PROVIDENCE, r. l.. April IA lP).-
Announcement was made toda~ by
Brown University officials that DR.. Han
Kurath Of Ohio State University will
join the Brown faculty next Fall as
professor of German.
Evening star., 1932-04-14
DEMOCRATIC PLANS
HELD PATCHWORK
Ernest Lee Jahncke Declares
Each Leader Is "Chasinq
His Own Rainbow"
By the Associated Press.

MIAMI BEACH, Fla. April IA
Ernest Lee Jahncke. Assistant Secretary
of the Navy, last night criticized pro-
posed objectiveS of the Democratic ma
tional campaign as "a potpourri of is
sues that will not jell, a cloak of many
colors, patchwork and a crazy quilt"
In contrast to this, he praised the
record of President Hoover and a Re
publican administration in originating
the national reconstruction program.
He expressed confidence that Mr.. Hoo
yer will be reelected
Speaking over the radio, Mr. Jahncke
took to task Jouett Shouse, chairman of
the Democratic National Executive
Committee. for recent broadcast criti-
cisms of the President an dthe Repub-
lican party.
Hits Shouse Statement.
After a prelude in which he (Mr.
Shouse) spoke of fair play he departed
from prepared text and launched into
an address of criticism and of viIlifca-
ton unmatched by any document ema-
mating from the lips of one holding
such high position in the ranks of
either party" Mr.. Jahncke charged.
He sought to convince his audience
that the reconstruction program plan
ned and initiated by the President really
cid not originate with Mr. Hoover but
represented the skilled workmanship of
the Democratic House of Representa-
tiveS. Mr.. Shouse praised the program
while denying its author"
Two weeks after Shouse praised the
leadership of Speaker Garner in Con-
gress. Mr. Jahncke said, the American
people witnessed "the complete collapse
of Mr.. Garner's alleged leadership and
saw the Democratic majority OF the
House in absolute revolt"
Chasing Own Rainbows.
Each leader is chasing his own rain
bow" said Mr.. JahncKe. Franklin
Roosevelt would make power the para
mount issue; although that is regarded
as an offense and an affront to the
financially potent Democrats of the
East"
The advocacy of Mr.. Shouse for
participation in the League Of Nations,
the speaker asserted, appears little
Evening star., 1932-04-14

LOSI.
BOSTON TERRIER. large size, male, brindle
ward. Bill c field St NV. Cleveland s7Is.
FRATERNIT' PIN, letters A, E. Phi set in
pearls; lnitl' Is w. D. on back. 1876 Colum-
tia rd., NJ 402 IA
CASE, bl2eE, containing pair pink gold spec
tacles and pair smoked glasses Return to
George washington Inn. Lincoln 0400. IA.
GOLF CLUBS, one bag. also 8 extra clubs;
lost from auto Tuesday afternoon, between
CheYy Chase Lake Car barn and Kensing-
ton. Md.: reward Phone Wis. 2707
HANDBAG; tIA ND BLACK, containing gray suit
I'd. near Kenwood Golf Club. Finder call
X. P McCGndltsh. Shepherd 3586. Reward
KEYS--Leather holder containing three keys,
on llth ST. near f. Return TO Marine Bar
racks or call Atlantic 2029.
KITTEN -Half-grown. yellow. male kitten:
Strayed from 5O39 Kansas ave- n.w.' reward.
Georgia 1l0l
PURSE. black. lost in NE. section, contain
ing money and glasses; finder may keep
money If glasses are returned. Call North
RING OF KEYS, large; lost somewhere
9Th st. NV. Reward.
WATCH Mans gold Waltham open-fsce
watch initials @. B. s.: between 3l09 Mt.
or on street; Sunday, bet S and pm. SIC
reward. Phone Adams 3480.
WRIST WATCH. lady's. platinum, set with
8 diamonds. Finder call Ad 4595, 1865 Ham
ilton ST. NV. for liberal reward.
WRIST WATCH, Elgin, gold strap: Wednes
day Phone Mr.. Disk. National 1850.
WRIST WATCH, sold bracelet, marked c.
A. D; taxi or street Mon. eve. Reward
Bertha Bray, American National Red Gross.
or S0,S1 on oanatsi c Tsaetion ssssss cSS 800 = "a
PortneT AUt6S 1ofh and You sszkn1ekvNN f55<
Evening star., 1932-04-14
The Sun and Moon.

Rises. Sets
gun, Joosy... 5:33 644
Sun. tomorrow 532 GAS
MOON To-Day. II 80 am. 2;04 am.
Automobile lights must be turned on
one-haH hour after sunset.
Evening star., 1932-04-14
FOUND.
LOST.

ESKIMO SPITZ. white, Sunday mornin
Call North $3.50 I4s
Evening star., 1932-04-14
Report for Last "a Hours.
Tide Tables.

Highest, SO, noon today. Year ago. 10
Lowest, IS, 600 am. today. Year
ago, 40.
Evening star., 1932-04-14

.HE text Of the speech delivered
last night before the Jefferson
day dinner Of the Democratic
4 National Committee by former
Evening star., 1932-10-25
RAILWAY EARNINGS
HAVE SHOWN GAIN
September Reports Reveal
Gradual Upturn in Profits
of Carriers.
By the Associated Press.

By the Associated Press
NEW YORK, October 25.-A sub
stantial gain in their earnings over Au-
gust had been reported up to yesterday
by those railroads which have issued
their statements for September.
While only nine had issued their fig
ures, the gains over August appeared
to be general and in the case of four
roads, including the Nickel Plate, 500
Lines, New York, Ontario g. Western
and Illinois Central the September,
1882, figures exceeded net operating in
come for September, 1881.
The nine roads which had reported
showed aggregate net operating income
OF Sll ,48l 900, against S6,622 900 in Au-
gust. In September, 1881. the same
roads reported net operating income Of
$l2 ,584, 600
Their aggregate net operating income
Tor last month was 81 per cent under
the september, 1881, figure. In August
ane ngure Tor the same roads stood at
39.1 per cent below last year.
Substantial gains in net operating
income Tor September over August were
reported by some of the largest systems.
including Chesapeake g. Ohio, Southern
Pacific and Union Pacific, although
their figures were still below the Sep
tember, 1881, earnings
Additional reports made public in
cluded:
st. Louis Southwestern, September
net loss Of 1882 ,635, against net income
of s9,698 in September, 1881. For the
nine months ended September so net
loss was s2,67l, ,348 this year, against
s424695 in the 1881 period These fig
ures were after deducting taxes, inter-
est and other charges.
Evening star., 1932-10-25
Grain Market

BY the Associated Press.
CHICAGO, October 25.-Big breaks
in British exchange rates knocked
wheat prices quickly down a cent a
bushel today. Season low-price records
not yet more than "a hours old were
outdone in wheat.
Opening unchanged to y lower.
wheat soon dropped all around. Corn
started unchanged to off and SUBJ
sequently underwent a general setback.
Stop-loss selling carried all future de-
livery contracts to below any quota
tions heretofore on the present crop.
Every future in the corn list promptly
followed wheat, with December corn
selling under 25 cents bushel for the
tiers it was contended that the dis
largely seasonal. but other trade au-
thorities ascribed the weakness to finan-
cial causes.
Fractional recoveries Of wheat values
witnessed at times were associated with
partial recuperation of sterling and
with falling off in the volume Of wheat
receipts both in this country and Can
ada. Kansas City reported arrivals of
only 35 cars today against 235 year
ago. and Winnipeg receipts were also
reduced to material extent. There
were advlces too that the Canadian crop
would not exceed 409,897 ,0G0 bushels,
a decided curtailment from some re-
cent estimates. Corn and oats SYM
pathized with wheat prices downturns.
Provisions eased with hog values and
with grains.
Evening star., 1932-10-25
BOND PRICES MOVE
IN NARROW RANGE
Railroad Issues Again Prove
Feature in Small and
Dull Market.
Special Dispatch to The Star

special Dispatch to The Star.
NEW YORK, October 25.-The same
dullness and narrow price changes that
have characterized the market for stocks
were visible in the bond department to-
day. There was no pressure to sell;
neither was there any force to the buy
ing movement.
The trading was confined to about the
same domestic and foreign issues that
have been most prominent recently. In
the former group attention was again
attracted to the Nickel Plate IS, which
Monday advanced to so and early today
declined 2 points.
that the run-up of Is points in Nickel
Plate IS the last week has been on buy
ing in order to raise the amount of
bonds deposited. However, as the
amount traded in the market has been
only about per cent of the total issue,
this hardly seems to be valid explana-
ton. 1t is understood that something
less than go per cent of the bonds have
already been secured and that II IS
per cent are deposited the Interstate
Commerce Commission will approve the
plan.
Declines ranging from fractions to a
Issues, with Baltimore g. Ohio 4l2s of
1888 the weakest of this group. Great
Northern Al IS and rs were each off
point. In the industrials losses of sub
stantial fractions occurred in United
States Rubber IS and Western Union SIS.
The German list was Steadier, while
Argentines lost some of Mondays ad-
vance. Japanese issues were unchanged.
The better aspect of the sterling mar
ket appeared to help all of the for
eign group.
United States Government bonds were
quoted at approximately Mondays
range There were again bids in lots
CT Sl,OO0,000 for the first As and the
second Alas, and of Sl,500000 for the
Panama IS of 1886 and 1888. The rate
at which this weeks Treasury bills
were sold was 0.20, compared with OLA
last week. O.19 the week previous and
% for the Saptember 26 issue.
Evening star., 1932-10-25
CURB SHARES DIP
TO LOWER LEVELS
Most Losses Are Fractional.
Trading Volume Is
Small.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, october 25.-After open
ing with mixed price trends. stocks on
the Curb Exchange turned lower today,
but trading remained slight.
In the public utilities, the most active
group of shares, Electric Bond & Share
was down only small fraction. along
with American Gas & Electric, Com
monwealth Edison and United Light 6,
Power A. Cities Service and Standard
Oil of Indiana were virtually un-
changed.
Foreign shares, with the exception of
Ford Motor, Ltd, and Brazilian Trac-
tion-the former being unchanged and
the latter higher-paid no attention to
the overseas markets or to fluctuations
of the foreign exchanges IN the forenoon
trading
OIL shares ignored the increase in
the trades gloomy report of prospects,
the various glassmakers disregarded the
gain in output and the coal shares
chose to pay no attention to their week
ly statistics In the case Of Glen Alden
Coal, the drop reflected news of the
destruction by fire of the company's s
Stanton breaker at Wilkes-Barre.
The decline in Parker Rust Proof re-
fleets the present state Of the automo-
tive business. Aside from some slight
activity in Cord Corporation and Ford
Motor, Ltd, and the rise in Stutz, the
motor shares were devoid Of feature in
the third hour, when the metals tesan
to be offered a bit more freely. New
mont Mining and Ohio Brass sold lower
The manner in which stocks showed
no heed for corporation news today was
best exemplified in the rubber securities.
General Tire g. Rubber told Of operat-
ing at four days a week on six-hour
shifts. Seiberling Rubber reported three
DAYS a week on an eight-hour shift, and
from shares not listed on the Curb, SUCH
as Norwalk Tire and Firestone. came
operating reports and earning estimates
Yet during the first three hours not q
share of any rubber company appeared
on the tape.
Niagara Hudson Power steadied
though September quarterly earnings
amounted to only % cents a. share
against 33 cents in the same period
year ago.
Evening star., 1932-10-25
DECLINE IN STERLING
EXCHANGE RESUMED
Pound Opens 2 3-4 Cents Lower,
at 3.29 3-4-Price Control Efforts
Apparently Abandoned.
By the Associated Press.

By the Associated Press.
LONDON. October 25.-Sterling opened
today at s32e34, an overnight drop of
%, cents. The decline was ascribed by
| brokers to further continental selling
and the absence of control interven-
tion.
There was no official statement to
justify a report in today's newspaper
that the pound would be stabilized
within a month. The latest authori-
tative statement came from Sir Hilton
Young, speaking for Neville Chamber
lain, chancellor of the exchequer, last
Thursday. He said. I'VE could pru-
IDENTIFY return to gold only when it is
clear that the gold standard will work
properly.
1T must satisfy conditions set out
in the Ottawa resolutions. We must
have rise in the general level OF
wholesale commodity prices to a point
| more in keeping with the level of costs
and an adjustment of political, eco
nomic. financial and monetary factors
which caused its breakdown in many
countries.
The recent decline in sterling is at
tributed variously to speculative activity
and seasonal payments for commodities
in the United States.
1t is accepted by the market as a
sign that the authorities prefer that
sterling shall find its own level.
Evening star., 1932-10-25
COMMODITY PRICES
CONTINUE TO DROP
Grains, Cotton, Live Stock and
Other Materials Have Declined
During Past Month.
By the Associated Press

By the Associated Press
The last month has witnessed further
insecurity on the part Of commodity
price levels
This is particularly true of agricul-
tural staples such as grains, cotton
live stock. hides. while rubber also has
shown declining tendency
Economic students point out that the
supply relationship is out of
line particularly in iron and steel. pc
troleum products. non-ferrous metals
and in chemicals Textiles, on the other
hand, have improved due to greater ac-
tivity in recent months, but silk is ex-
pected to shoulder the burden of gen.
eral textile improvement during the
rest Of the year due to adequate inven-
tories in other lines.
1t is held true in this case that the
demand factor must be the motivating
power behind any improvement, and it
Is said that greater demand. for the
present at least, must come from the
development of new industries or new
market regions or from the filling Of
replacement demands.
Evening star., 1932-10-25
BRITISH FLOUR MlLlERS
PROTEST AGAINST TAX
BY the Associated Press.

By the Associated Press.
LONDON, October 25.-The aSso-
ciated London flour nillers have pro-
tested against the proposed duty OF
2 shillings a quarter tabout GA cents
a busheD on importations of foreign
wheat into the United Kingdom. This
duty would carry out the agreements
reached at the recent Ottawa Imperial
Conference.
The ability to select from the wheats
of the whole world those most suitable
to their purpose, and the freedom to
import such wheat duty free" said an
association report. have assisted the
millers of England to meet competition
of dominion millers and have resulted
ct the same time in the price OF bread
in England being appreciably lower
than in any other country
This fiexibilitv would be considerably
lc--oned when the new duty is levied
On wheat from foreign countries"
Evening star., 1932-10-25
Business Insolvencies

NEW YORK, October 25 LP).-Busi-
ness insolyencies for the past week. as
reported by Dun's. totaled 535. against
SOB in the preceding week and 55l in
the corresponding week last year. The
agency's insolvency index for the three
weeks OF October has receded some
what from the earlier return and now
stands at 1866, compared with 1875 q
year ago
Evening star., 1932-10-25
Business Gain Renorted.

NEW YORK. October 25 [P).-An in
crease Of about per cent in the third
quarter over the second three month
period of the year was announced today
by c. c. Mengel. president of the Men,
gel Co.. in letter to stockholders. The
company manufacturers wood. fiber and
box-board containers for tobacco, soap
and food product manufacturers
Evening star., 1932-10-25
BILLS OVERSUBSCRIBED
Average Price for $50, 600, 900 Is
sue of Treasury Is 00.05l.

Heavy oversubscription of the latest
Treasury offering Of 9l-day bills, dated
October 26, was announced by Secre-
tary Mills. who said the average price
was $99951 and the average rate on a
bank discount basis was 20 per cent.
Subscriptions totaled $227,2O2 900 for
the offering of about S80,000,000. The
highest bid was 99970, equivalent to
an interest rate of about IL per cent
on an annual basis. The lowest bid
accepted was 99946, equivalent to an
interest rate Of 81 on an annual basis.
Evening star., 1932-10-25
New York Cotton
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, October 25.-Cotton
quotations at the opening today ranged
from unchanged to up points, fol-
lowing the steadiness in Liverpool, the
strong close in Bremen, and the cotton
gin--.ng report. Ginnings to date from
1882 growth were 7,3112O8 running bales
against 9,496,965 in the like period of
last year.
Opening prices we're: October GOT.
unchanged: December. 6.15. up S; jan
uary, 62l, up 5; March. 632 up 8; May,
Gal, up 8, and July, 6.48 up 7.
Evening star., 1932-10-25
Pine Orders Increase.

BY the Associated Press.
Cast iron pipe dealers report more
activity in the market. mainly in in
uuirics An order for $500 tons of large
pipe. principally 42-inch, is reported to
have been placed by Fort Wayne, Ind
with an unnamed maker. Among the
larger inquiries in the market is one for
$3.50 tons of to II inch pipe for Los
Angeles on which bids have just been
taken.
Evening star., 1932-10-25
COAL PRODUCTION.
B. the Associated Press

B. The Associated Press.
Production of bituminous coal during
tho week ended October IS showed a
sharp upturn as compared with the pre-
vio.s week. In the table that follows
tro output is given for comparable peri
ots, as reported by the Bureau OF
Mines:
Wee; ended october Is. 1888 900 tons
Previous week ...........7, 1855. 600 tons
Same week last year. .... 81 148 600 tons
Evening star., 1932-10-25
CHICAGO DAIRY MARKET.

CHICAGO, October 25 CP).-Butter-
Receipts, 1927 tubs; steady; creamery
specials t93 score), 20l 2a2l; extrgs
1927. 20; extra flrsts (90-9D, 1812a19l2;
flrsts 1880. 17l2al8; seconds 49,
81. 15l2a1612; standards 80 CEN
trelizeG carlots), 1914. Eggs-Receipts,
1925 cases; steady; prices unchanged.
Evening star., 1932-10-25
Plate Glass Production.

NEW YORK, October 25 Cp)-Total
production of polished plate glass for
September was 3495,854 square feet,
compared with l,773.470 in August and
100000 in September. 1881, the Plate
Glass Manufacturers of America report.
Evening star., 1932-10-25

Dividend rates in dollars based on last
ouarerly or semi-annual payment sex
oinioend fPartly. extra. 1Plus a. in stock
Payaple IN cash OF stock Payable in
STOCK Adjustment dividend Plus Sc
IN stoca. sPius 60 in stock h Plus i,e
IN stock. Plus 20 in stock. Plus 10,
IN STOCK. m Plus Sc In stock. n Plus g. in
Evening star., 1932-10-25
Washinqton Stock Exchange

Washington Gas 5s-S1 900 at 1914
WASHINGTON Gas IS "B'-S1 900 at
Evening star., 1932-10-25
Bid and Asked Prices.
BONDS.
PUBLIC UTILI1
MISCELLANEOUS.
STOCKS.
PUBLIC UTILITY.

Amer Tel & Tel. t9l.......... 1929 49,.
Capital Traction Co........... D y
Wash Gas Light Co. t18...-... '63 sS
N & " Steamboat t8)....-.. !00 il0,
Pot Elec Pow. g. pfd.. !0gi2 llUi2
Pot E!ec Power 5i2'c pfd.:. lo5 .....
Wash RWv & Elec com. tO... 2S5, 49,.
Wash. Rwy. & E.. pfd. to) .... oS'4 u
The following figures are not bids, but
merely represent minimum prices nHeo py
the Washington Stock Exchange
Evening star., 1932-10-25

Leaders will not be put off. The
men of today who look into the flu
ture, lay their plans, prepare for q
new era, are the leaders Of tomor-
row. The first and most important
step to success is solid banking
connections. We invite you to go
forward to success with the Column
ba National.