davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-01-10
FOREIGN WHOLESALE
PRICE LOSS ANALYZED
By the Associated Press.

By the Associated Press.
The Department of Commerce reports
wholesale prices in Europe during 1881
suffered losses averaging 10 per cent.
The decline in this country, based on
Fishers price index, was slightly more
than IL per cent during the same time.
The decline in certain countries, as
in France, Belgium and the Neither
lands, was considerably greater than
the general average, the department
said. Wholesale prices at the end of
the year, except in Central Europe and
the Scandinavian countries, were below
the pre-war Ssyel but the cost Of liv-
ing, though de>Iping, was still gen.
orally from 20 to 50 per cent above, the
department said
The rise in unemployment, with its
resultant reduced purchasing power,
was given as one of the chief factors
in the weakness of European markets.
Relief payments constituted heavy
drain on government resources and was
the chief cause for increases in ex-
penditures contributing to heavy budget
deficits. Strenuous efforts have been
made to aid employment by measures
to protect domestic production at the
expense of imports, but public works
schemes to the same end have been
handicapped by the shortage of funds
and in several cases had to be
abandoned.
Evening star., 1932-01-10
BY DIR. MAX WINKLER..

Special Dispatch to The Star.
NEW YORK, January 9.-Few have
excelled the skill which is displayed by
the author Of the brief sermons which
appear about every week in the coun-
try's leading newspapers. One who
reads them always learns something
The other day, when gloom and
pessimism seemed at their height and
when many economists and students Of
finance were preparing for the worst,
one OF the sermons referred to was
merely a reprint of a statement issued
in 1880 by Macaulay, Great Britain's
brilliant essayist and historian, which
attempted to dispel the pesstmism
rampant a century earlier.
1t showed conclusively that history
had repeated itself. All one had to do
was to change the date, and all the
dire predictions made and all the
gloomy talk heard 100 years ago, were
again in print Macaulay, however, en-
deavored to exhort his fellow men not
to yield, but to have faith in the future,
because better days were in store.
The work of the modern Macanlay Is
under the supervision Of Joseph Wright
Hartman CknoWn to his friends and
admirers as "Joe"D, guiding genius OF
Evening star., 1932-01-10
UNTITLED TONNAGE
OF U. S. STEEL DROPS
Decrease of 198,53S Revealed for
mber-Incoming Business
Reported Small.
8y the Associated Press.

BY the Associated Press.
NEW YORK, January s-Unfilled
orders of the United States Steel Cor
poration decreased 1883 tons in De-
cember to a total Of 2,735,353 tons on
December 81. The backlog dropped
1855 tons in November.
On November 80 untitled orders
amounted to $685. ss1 tons. AS of De-
cember 81, 1880, the total was 3,943,596
tons.
Persons familiar with the industry
had been uncertain as to what today S
figures would show, but there had been
some expectation of rise, Since 1921
the backlog had always increased in
the last month of the year. The cor
poration's mills operated at low rate
during December, but it was believed
that several fairly substantial orders
had been received toward the year end,
although incoming business over the
greater part of the month was small.
Evening star., 1932-01-10
FURNITURE TRADE
IN HOPEFUL MOOD
Sales Pickup Looked for as
Prices Appear to Be
Stabilized.
BY ALVIN RESCH.
Written for the Associated Press.


CHICAGO, January 9-The furni-
ture industry has hung up its business
barometer for 1882, and within a week
expects to take a reading that will
forecast sales prospects for the first
six months of this year.
That reading will be governed by
results OF the National Furniture Show
now in progress at the American Furni-
ture Mart here with TOO manufacturers
exhibiting, and early signs indicate that
favorable omens will not be missing
Judging from its beginning, this
market holds lot of promise" said
V. L. Award, president of the
mart, as he noted an attendance OF
approximately $500 buyers from AZ
States for the first four days of the
show-a figure only slightly less than
for the last national market in June
Most furniture manufacturers, feel
ing that prices have passed the rock
their prices at the current level. or
higher. Some 400 of the exhibitors
display signs reading, I'VE guarantee
our prices against decline"
While early retail buying naturally
has been cautious, manufacturers hope
their edict against price declines, plus
are the lowest in 20 years, will go far
toward encouraging new sales.
Their hopes also have been raised
by the fact that retailers have dis
posed of most of the distress merchan-
disc on hand six months or a. year ago,
One large manufacturer reported
his sales for the first three days of the
show as 40 per cent higher than for
the similar period of last January S
exhibit
A check Of exhibits has shown that
wholesale prices are slightly higher, on
the average, than in last Junes show.
Manufacturing executives are unani-
nous In their opinion that price wars
are ended.
We're here to make a fair profit"
Salo one OF the largest manufacturers
OF case goods, I'VE have admittedly
put our prices down Just as low as we
can get them-and leave that profit in
we've cut our costs wherever they
! could be cut without lowering our
STANDARD OF quality. We have reduced
! our overhead. We're ready to lick this
| depression If 1t can be done
ana we are convinced that further
cutting of prices-which would elimi.
nate any profit for us-is not the way
to do it."
more aggressive merchandising poll
cleS by many manufacturers are evi.
oenceq by displays that are more elab.
orate than the same dealers sponsored
in former shows.
Retailers are threshing out their owr
problems at the annual convention ol
the National Retail Furniture Associa.
tlon, held in connection with the whole.
sale exhibit, with particular stress or
store management, merchandising
methods and matters of sales policy.
Evening star., 1932-01-10
RARE INVESTORS OPPORTUNITY
SEEN BY FINANCIAL OBSERVER
Market Commentator Points to Present
Prices as Bargains for Thrifty Buyers.
Raps Hoarders for "Burying Talents.

the Hartman National Bank & Trust
Co., for which he has been writing the
sermons referred to above.
Mr.. Hartman will be IS years of age
on January 81. At the age of 16 he
started his banking career, taking the
position of clerk with the United States
National Bank. Thirteen years later
he was cashier in the same institution.
In 1902 he was elected vice president
of the Merchants National Bank and
ioined his fathers firm of Hartman &
Co. In 1912 he was instrumental in
founding the banking institution Of
which he has been president ever
since.
Mr.. Hartman and those whose work
he directs are not only conversant with
the many and varied economic problems
with which the world is confronted,
but they know how to make the lay
man understand them. They eliminate
all technicalities and present problems
in the most ineligible manner, regard
less of how complicated they may be.
Take, for instance, the question Of
gold, which has been disturbing the
peoples equanimity for the last several
months-so much so that many have
deemed 1t advisable to convert part of
Continued on Third Page)
Evening star., 1932-01-10
BONBRIGHT PUTS OFFICES
UNDER SINGLE CHARTER

Bonbright g. Co., Inc, which main
tains a Washington office, Is effecting
reincorporation of its various branch
offices throughout the country to bring
them under a single corporation charter,
which has been taken out in the State
Of Delaware.
Bonbright & Co, Inc, Is New York
corporation. AL activities of the COM
pany in that State are being conducted
under New York charter. Up to this
time certain branches of the company
have been Incorporated in the various
States in which they are situated.
These separate charters are now being
surrendered and the activities of these
Offices conducted by the Delaware COM
pany, a wholly owned subsidiary of the
New York company.
Evening star., 1932-01-10
D. c. BANK DEPOSIT
FIGURES ARE GIVEN
ON YEAR END CALL
Total of $259,087,517 Noted
in Summary Following
Controllers Call.
ACACIA MAKES SPLENDID
1881 INSURANCE RECORD
Bond Transactions Lead Sales in
Saturday Session of D. C.
Exchange.
BY EDWARD C. STONE.

Washington banks had aggregate
deposits of $3.50 ,087, ,517.34 on December
81, 1881, according to complete reports
compiled yesterday by Audley A. P.
Savage, auditor of the National Saw
tngS & Trust Co., following the year
end bank call issued by Controller of
the Currency John w. Pole.
Deposits, as stated on the day of the
call, are lower than on the call of Sep
tember 29 and on December 81, 1880,
because Of the payment of the largest
Christmas Savings Club funds on
record, Withdrawals for interest and
dividend payments by many corpora
tions and by individuals to meet count
less demands for money durtna the
Yuletide season.
Individual bank statements publish
ed in the newspapers since the call was
sent out last Monday, show that local
institutions are in an unusually sound
condition. These reports make it evi-
dent that they were never in such
liquid position as they are now.
Total Deposits December 81.
Mr.. Sayage's statement shows the
following deposits in the SO banks in
the city on the date of the last call:
National Banks.
Evening star., 1932-01-10
MARYLAND To Join
MARKETING AGENCY
Live Stock Breeders Vote to
Accept Membership in Co.
operative Association.
Special Dispatch to The Star.

special Dispatch to The Star.
BALTIMORE, January 9.-Mary-
lands live stock breeders are to be
banded together in cooperative ef-
fort with stockmen in adjacent States
to control their markets through their
own selling organization.
Directors of the Maryland Farm Bu-
reau Federation, at meeting here this
week, voted to sponsor the development
OF Maryland unit of the Eastern Live
Stock Cooperative Marketing Associa-
ton, Inc, which is being organized in
the East and is to have its home Office
and principal place of business at the
Union Stock Yards here.
Clark's Report.
K. A. Clark, animal husbandman OF
the University of Maryland Extension
Service, in q report favoring live stock
marketing organization, sought to show
that the Baltimore live stock territory
provides sufficient volume of business
to warrant the expense. He presented
the following table of stock yard re-
ceipts and sales offerings here last year:
Cattle and calves, receipts, 13,470; for
sale, 153,698; hogs, 1,003,932, 213,837;
sheep, 1882 060, 229, ,236.
North Carolina, South Carolina. Ten
nessee, Kentucky, Ohio, West Virginia
and Virginia ship most Of their live
stock to the Baltimore market, and of
the more than 10000 carloads offered
for sale here in 1880 only 18 per cent
originated in Maryland, West Virginia
and Virginia, Clark said.
He estimated that cooperative live
stock selling agency on the Baltimore
market-if it functioned as successfully
as those at Pittsburgh and Buffalo
could safely count on from $4,000 to
$4,000 income from commissions" an
nually.
THE Baltimore market Is the most
typical live stock market on the Atlantic
seaboard," Mr.. Clark continued. 1T
contains large packing community as
we'll as a splendid market and railway
facilities in the Union Stock Yards.
The Jersey City and Lancaster yards
have no hotel or exchange buildings.
Extent Of Market.
Baltimore kills as many hogs as
Buffalo and Pittsburgh combined. 1t Is
in no sense Maryland market. 1t Is
an Eastern market, receiving hogs, cat
tie and lambs from the entire Eastern
half of the United States. Maryland
producers are fortunate to have such
market right at their door. BY them
selves they do not have sufficient live
stock to establish their own marketing
agency"
Mr.. Clark included in his report
table showing that Maryland consumes
l12,OO0, 900 pounds Of pork 100000
hogs, a0,000,o00 pounds of beef, (200,-
600 cattle), 100000 pounds of lamb
100000 lambs) and 100000 pounds
of veal 100000 calves each year.
Evening star., 1932-01-10
TOBACCO PRICE GAINS
REPORTED FROM SOUTH
BY the Associated Press.

By the Associated Press.
OXFORD, N. c., January Omitted
States Department of Agriculture) -
Average prices for tobacco sold on the
oxford and Henderson markets this
week showed a decided improvement
over prices paid the last week before
the Christmas holidays, especially on
the cutter, lug and lemon leaf grades.
First-quality orange lugs officially
graded sold about 80 per cent higher
than during the week ending Decem-
Der 10. Ali other grades except fifth
quality lemon leaf, seventh-quality
orange leaf. quality mahogany
leaf and seventh-quality green leaf in
creased in price. The increases varied
from 6 per cent to % per cent above
the last December average.
Prices per 100 pounds for oficially
graded tobaccoS were:
Orange leaf-Fourth quality, sl4.00;
fifth, $3.50; sixth, $500; seventh, sl.20.
Orange lugs-First quality, 5000;
second, 1890; third, $3.50.
Evening star., 1932-01-10
NEW YORK BANK STOCKS

NEW YORK, January 8 Especially -
Bank and trust shares moved lower to-
day as offerings increased Bankers
Trust at 81 y, was off 3; Brooklyn Trust
at 1876, was off "a General Hanover
140, off 5; Chase National 1914, off "a;
Chatham-Phenix 10, off u; Chemical
28A, off "a; National City 43, off /;
Commercial National 140. off 3; CONT
mental 16, up Y; Corn Exchange 81, off
1900, off 20; Guaranty 268, off 13:
Irving 1878, off "a; Manhattan 34A,
off H; Manufacturers Trust 295s, Off
81; Public 20, off /. New York Trust
at rs and Title Guarantee g. Trust at
SIS were unchanged.
Evening star., 1932-01-10
SHARP CUT IN COPPER OUTPUT
SHOWN BY GOVERNMENT REPORT
tCopyr.ght, 1922

the entire year 1890, or monthly rate
of 68, 100000 pounds.
The exports of metallic copper during
to 500 ,9i7,521 pounds as compared with
1853 927 pounds exported during the
entire year 1880. In the first l l months
of 1881, 387,152,876 pounds of refined
copper in ingots, bars, and other forms,
and 55,582837 pounds OF rods were ex-
ported. OF the total quantity the
United Kingdom received 1l2,261 ,461
pounds, the largest amount; France
was next with 106,457 558 pounds; Ger
many was third with 55,268, lat pounds,
and Italy fourth with 9,101 ,804 pounds.
Evening star., 1932-01-10
Short Interest.

NEW YORK, January 9 (SpeciaD -
The momentum of the stock market
has been supplied this week by the
short interest, whose covering has been
responsible for most of the important
rallies. A great many stocks have been
returned to the loan crowd. While
there has not been any concentrated
support, specialists have noted more
signs of interest on the part of spon-
sors for individual issues or groups OF
stocks than in some time, y
Evening star., 1932-01-10
CHICAGO DAIRY MARKET.

CHICAGO, January (H1.-Butter,
1908 tubs; weak; creamery specials
(93 score), 24a24la; extras (92 score),
231z; extra firsts (90-91 score), 221aa
%; firsts (88-89 score), 21aa22 sec
onds (86-87 score), 201aa21; standards
go score) centralized car lots, 2314.
Eggs, 1856 crates; weak; extra firsts,
21a21h; fresh graded f1rsts, 201a; cur
rent receipts, 1Sa181a; refrigerator firsts,
Is; refrigerator extras, 16.
Evening star., 1932-01-10
Dividend Changes.

NEW YORK, January 8 (Pl.-Stan-
dard Statistics Co. reports SO unfavor-
able dividend changes in the week
ended January 8, compared with So the
week before. There were % reduced
dividends and 40 omissions. Favor
able changes numbered 26 compared
with 16 in the previous week. These
were composed of threA Increased, three
resumed. Il extra and asx initial.
Evening star., 1932-01-10
RALPH BUDD SEEKS TWO
SEATS ON RAIL BOARDS

Ralph Budd, president of the Chi
cago, Burlington & Quincy Railroad, has
asked Interstate Commerce Commission
authority to serve as a director on the
board of the Gulf, Mobile & Northern,
and likewise as to the New Orleans
Great Northern Railroad.
The Burlington has large stock In
terest iRthe Mobile line, which in turn
Is afiliated with the New Orleans road.
Evening star., 1932-01-10
S 39,775,073.77
Trust Companies.
RecapitulatiOn.
Total. ...........$ $3.50, ,OS7, ,517.34
Acacia Makes Strong Report.


The sixty-third annual report of the
Acacia Mutual Life Association, out
yesterday, shows an unusually satisfac-
tory years business. President Will
liam Montgomery reports insurance in
force as exceeding 1854, 100000, gain
in 1881 Of over $5,000,000.
The company reports total assets OF
more than S44 100000 an increase dur
ing the past year Of over S5,0O0,O 600.
The company paid to beneflciarles
SlaO000O and to policy holders more
than $2,70O,000.
The report adds that the insurance
company, which has its head Office In
Washington but does a Nation-Wloe
business, made no reduction In the
number Of its employees in 1881 ana
also made no salary reductions. The
above figures clearly indicate why no
such action was necessary.
Yesterdays Exchange Trading.
On the Washington Stock Exchange
yesterday, Washington Railway o6 q
Electric preferred changed hands at 81,
same as other recent sales. Bonds drew
the remainder Of market attention.
Washington Gas Light 6s, series A
were again favored, two $1,000 sales
being recorded at 100, unchanged from
the last transfer. Capital Traction SIS
recorded a 1000 sale at SO.
Stocks in the unlisted department
were called of as usual on Saturday
but no changes of importance were
made in quotations.
Trading during the week showed some
improvement over the business oont
in the closing weeks Of 1881. invest
ment buying is expected to increase a.
1882 advances.
Allan Hoover Becomes Banker.
AS announced some time ago, Allan
Hoover, second son of President Hoover
recently became associated with th'
Security First National Bank OF Lo
Angeles, starting in a clerical position
at the bottom Of the banking ladder
Trust Companies Magazine quote
Herbert H. Smock, vice president anC
cashier, as making the following com
ments on the young mans employment
Allan Hoover has been employed be.
cause we believe he meets the oualifi
cations of this bank as to education
character, personality, health and am
bition. In the interest of maintaining
q high standard of service we striv
to fill all vacancies in lower ranks from
applicants with the potential qualitie
of officers of the bank Young HooVe
starts at the bottom, as all young mel
lacking actual business experienc
should. His promotion will depent
upon his own industry and ability.
After graduating from Stanfort
University in ls2a Allan Hoove.
Evening star., 1932-01-10
PARIS BOURSE PRICES.

PARIS, January (P.-Three per
cent rentes, 79 francs Is centimes.
FIVE per cent lean, 101 francs 95 CEN
times. Exchange on London, Sc francs
8712 centimes. The dollar was quoted
1t 2S francs 52h ceuttmeA
Evening star., 1932-01-10

attended the Harvard Graduate School
of Business Administration, which he
left last June. This is his first posi-
tion since that time. He spent a
Summer vacation period at Harvard
in the employ Of the American Radla-
tor Co, ~
Evening star., 1932-01-10
Copper Imports.

The imports of unmanufactured cop
per during the first IL months of 1881,
according to the Bureau of Foreign and
Domestic Commerce, amounted to $685.
520303 pounds, or a monthly rate of
100000 pounds. This compares with
total imports OF 817,154,2a6 pounds for
Evening star., 1932-01-10

Continued on Third Page }
Evening star., 1932-04-29
DE VALERA Wins
ALLEGIANCE FIGHT
Bill Abolishing Oath Assured
of Passage at TumuItuous
Session.
BY the Associated Press.

BY the Associated Press.
DUBLIN, Irish Free State, April 29.-
The last barrier in the path Of President
canon de valera's bill abolishing the
oath to the British crown was cleared
away last night when William Norton,
Labor party leader, announced at a
tumultuous session of the Dali Eireann
that his followers would vote for the
measure.
With the backing Of Labor's mem
bers the government should be able to
put the bill through with at least 81
votes against a combined maximum
opposition of 72 members of former
President William T. Cosgrave's party
and the independents.
Blistering Attacks Made.
Debate of the measure on second read
ing was resumed by oppositionists, who
made blistering attacks on 1t, and by
vehement defenders.
Dan Breen, long an outstanding Re-
publican leader, asserted that during
"the trouble" more than 10 years ago
he went out for the purpose of killing
Lord French Cthe Earl of Ypres). who
was then lord lieutenant of Ireland, in
the hope sof severing the link with
Britain.
II would do the same again if the
occasion arose." the Fianna Fail deputy
declared.
Deputy B. O'Connor aroused wild ex-
citement by asserting that in 1916
members of the Irish party in the Brit
ish House Of Commons cheered an an
nouncement of the execution of Irish
men.
"Lie" Shouts Deputy.
That's a damned 1ieP' shouted Dep
uty John Dillon, who sat in the House
of Commons, and Deputy Coburn, an
independent, rushed up to Mr.. OCon-
nor, caught him by the coat and cried,
IF you were younger man I'd kill
you where you stand"
There was a great uproar of voices
and the speakers bell changed inces-
sanity. Peace was restored when Mr..
Cosgrave, in calm but determined tones,
appealed to Mr.. OConnor to take back
his statement. Thereupon both Mr..
OConnor and Mr. Dillon withdrew
their remarks, and the debate ended, to
be taken up again today
Evening star., 1932-04-29
BUSINESS MEN WANT
MT. VERNON KEPT OPEN
Central Association Would Make
Visits to Shrine Possible on
Sundays and Holidays.

A resolution urging that Mount YER
non be thrown open to the public on
Sundays and holidays was approved by
the Central Business Mems Association
yesterday at its luncheon meeting In the
Logan Hotel. Copies Of the request
were to be forwarded to the governing
body Of Mount Vernon and to the Dis
trict Committees of House and Senate.
Paul Edward CARRIER, curator OF aero
nautics for the Smithsonian Institution,
spoke on the value Of the institution
both as an inducement for visitors to
come to Washington and as an educa-
tional medium. Another speaker was
Thomas S. Settle, secretary OF the Ma
tional Capital Park and Planning Com
mission.
Plans were laid for a carnival to be
held In the central business district
soon under direction of a committee
headed by Jack Mulane.
Evening star., 1932-04-29
PLAN FOR CONVENTION
OF COSMOPOLITAN CLUBS
Local Members Hear Outline of
Program at Meeting in Bal
timore Next Month.

Plans for the annual convention of
the Capital District Federation of Co.'S
mopolitan Clubs at Baltimore May 10,
IA and IS were outlined by Fred J. Rice
at meeting of the local club in the
Carlton Hotel yesterday.
The Baltimore Club has arranged an
elaborate program including a ladies'
luncheon, banquet and dance, and
tickets for the Preakness at Pimlico, it
was announced. Judge Michael M.
Doyle of the Washington organization,
international president of the Fedora
ton Of Cosmopolitan Clubs, will be the
principal speaker at the business meet
ing and banquet Friday night.
Henry S. Owens spoke at the session
yesterday. Attendance prizes we're
awarded to Gordon Bennette and Dr.
George Albert Smith
Evening star., 1932-04-29
CITY NEWS IN BRIEF.
TODAY.

TODAY.
Lecture, Prof Vladimir Karapetof,
Cornell University, Cornell Club OF
Washington, Wesley Heights Club House,
pm.
Card party Vermont Association,
Continental Hotel, 8 pm.
Dance, United States Coast Guard,
Mayhower Hotel, 9 pm.
Card party, st. Francis de Sales
Church, Twentieth street and Rhode
Island avenue northeast, 8 pm.
Meeting, Nutrition and Health Sec
ton, Women's City Club, 1876 Jackson
place, 5 pm.
FUTURE.
Luncheon, Harvard Club, University
Club, tomorrow, lis pm.
Dinner, Sixth Engineers, University
Club, tomorrow, $50 pm.
Card party, St. Johns Church, Broad
Creek, Md, tomorrow, 8:45 pm.
Colonial ball and card party, Forty
and Eight Club. American Legion and
American Legion Auxiliary. New Am
sterdam Hotel, tomorrow, $50 pm.
Evening star., 1932-04-29
Dwarfs Married at Anvil.

G. Studdart, aged 80, and "a inches
tall, of Edinburgh, Scotland, and Miss
Evelyn Crane, %, and inches taller
were married recently in the smithy at
Gretna Green, Scotland. The two could
lust peer over the anvil during the cere-
mony. Both are members of mid
get" theatrical company.
Evening star., 1932-04-29

Card party, st. Francis de Sales
Church, Twentieth street and Rhode
Island avenue northeast, 8 pm.