davidaulloa/AmericanStories huggingface dataset:
The Bismarck tribune., 1932-07-09
SOCIETY NEWS
Bridge Luncheon Is
Given for Visitor

Huge baskets of summer flowers
made garden setting for the bridge
luncheon given by Mrs. Richard A.
Tracy, 7O7 Avenue A, Friday after
noon in the Rose room at the Patter-
son hotel for Mrs. L. A. Schipfer.
Wlnnetka, ILL.,, who is the guest of
her parents. Mr.. and Mrs. P. c.
Remington, Sr.
Thirty guests were seated at a large
table spread with pale pink and green
tartan and centered with a silver
basket holding daisies and dolphin
lum. This was placed on a mirror
which was bordered with fern and
baby breath to give a miniature lake
effect, while daisies and tiny sprigs
OF baby breath were strewn over the
table. At either end was silver
candelabra holding pastel-colored
candles.
The afternoon was spent at con-
tract, with prizes at each table going
to Mrs. Schipfer, Mrs. P. c. Reming-
ton. ST., Mrs. P. G. Remington, Jr..
Mrs. T. r. Atkinson, Mrs. M. w.
Roam, Mrs. E. G Patterson and Mrs,
Robert B. Webb. The guest of hon.
or also received favor.
Cornelia Tracy, daughter of Mr..
and Mrs. Tracy and Mary Louise
Nuessle, daughter of Judge and Mrs
Nuessle. assisted Mrs. Tracy.
Miss Mary Lucas, Palo Alto, Calf,
was an out-of town guest.
The Bismarck tribune., 1932-07-09
loan REGULATIONS
CHANGED T0PERMIT
HARVEST FINANCING
Farmers Will Be Permitted to
Use Part Of Proceeds to
Pay Costs

Washington, July 9.-(P)-A change
in regulations of seed loans to permit
farmers in the drought stricken areas
of the northwest to use part of the
proceeds from their early crops to fl
nance harvesting has been made by
Secretary Hyde.
The change was made at the re-
quest of Representative Leavitt of
Montana, who had informed Secretary
Hyde many farmers were without
funds to harvest crops raised through
federal loans. Without harvesting.
Leavitt said, neither the federal gov
eminent or other holders of mort
cages on crops could be repaid.
ITO provide the necessary items of
harvesting expense. borrowers Of crop
production loans will be permitted,
under certain conditions. to use not
to exceed four cents per bushel from
proceeds Of sales Of wheat and rye
and two cents per bushel from pro-
ceeds of sales of oats and barley COW
cred by mortgages to the government,
the secretary announced. THE laws
of some states make definite provision
for priority of claims against the crop,
seed liens having priority, followed by
threashers' and labor liens.
I'm those states where the crop
production loan office took seed
lien as security for all or part Of the
loan, the payment of the seed lien in
full must be made before other bills
are paid.
1.-The use of not to exceed the
amounts above specified for payment
of bills for twine, fuel and oil for har-
vesting, and necessary repairs to har-
vesting machinery, may precede the
making of payment on government
loans secured by crop mortgages mot
seed liens), whether for advances
made in 1882 or previous years. The
total allowance to any borrowers,
however, must not exceed actual ex-
penditures for twine, repairs to har-
vesting machinery, and fuel and oil
for harvesting.
THE secretary of agriculture, how
ever. can be responsible for such ex-
emptions only as it concerns mort
cages given to secure liens to him foI
crop production loans in 1882 or pre-
vious years. All borrowers who have
executed mortgages on their 1882
crops to other parties should obtain
the consent of such mortgages fol
application of any part of the pro-
ceeds from the crop for the payment
of twine and similar supply bills
ahead of payments on such mort
cages"
The Bismarck tribune., 1932-07-09
DIES IN PLANE CRASH

Hector. Mimi, July 9.-(F)-A pas .
senger was killed and the pilot in
jured when an airplane crashed at
the Hector airport. Oscar Youngquist
was crushed by the engine Of the air
plane while Glen Clark, pilot. sus-
tanned slight injuries.
The Bismarck tribune., 1932-07-09
LEGION AUXILIARY
CONVENES JULY Is
Mrs. James Morris, Bismarck,
Will Be Among the Con-
vention Speakers

Addresses by Mrs. James Morris,
Bismarck, national vice president;
Mrs. A. G. Carlson, Willmar, Mimi,
national child welfare chairman; and
Mrs. E. G. Geelan, Enderlin, child
welfare chairman, are on the pro-
gram for the 18th annual convention
Of the American Legion Auxiliary in
Devils Lake July 26 and 26.
Convention sessions will be held in
st. Olaf's Lutheran church, with the
Mayer hotel as official headquarters.
The annual memorial service for
both the Legion and Auxiliary on
the Sunday evening previous to the
convention opening will be conduct
ed by Mrs. D. G. Scothorn, Man.
dan, and Rev. j. F. Fjelstad, chair
men of the memorial committees for
the Auxiliary and Legion respectively.
This will be followed by a meeting
Of the various convention committees.
Earlier in the afternoon there will
be a meeting of the executive COM
mittee, followed by quartette prac-
tice and by tea at the home of Mrs.
Eugene Fenelon for past department
presidents and department officers.
Mrs. A. G. Porter. Edgeley, depart
ment president, will preside at the
opening session Monday morning
when Mayor A. v. Haig, Mrs. B. E.
Baldwin, Sanford Hagen and Mrs.
Fenelon will extend greetings. Mrs.
j. A. Kasper, Mandan, state vice pres
ident, will give the response. Follow
ing will be preliminary committee re-
ports followed by the annual reports
OF the department officers.
Mrs. Carlson's address, the present.
alton of trophies and awards and re-
ports of district committee women
will occupy the afternoon, which is
to close with the parade and district
pep dinners.
Department chairmen are to review
activities of the year at the Tuesday
morning session, when Mrs. Geelan is
to speak. Final committee reports
will be received.
Mrs. Morris and Henry Stevens,
national commander, will be the
principal speakers at the joint ses-
sion of the Legion and Auxiliary
Tuesday afternoon.
Election and installation of new of :
ficers and routine business is Sched-
uled for later in the afternoon.
Mrs. Fred Mann, Devils Lake, is
chairman of the convention commit
tee and assisting with ARRANGEMENTS
are large group of Devils Lake
women.
The Bismarck tribune., 1932-07-09
Son Asks Chance to
Execute His Father

Omaha, Neb., July 9.-(P)-
Police and court officials today
heard a 19-year-old sons plea
that he be permitted to act as
his fathers executioner when
James Fidone, 81, appeared for
arraignment on charge of
Staying his wife Thursday night.
Il want to pull the switch that
kills my father in the electric
chair said Sam Fidone, l9, the
son, as he entered police court
to witness the arraignment. He
spoke earnestly.
But through a police ruse, Sam
was not even permitted to at
tend the court session.
Fidone, who surrendered soon
after he shot his 48-year-old
wife, Louise, the mother of his 10
children, confessed to police he
killed her when she advised him
she was through with him for
ever.
The Bismarck tribune., 1932-07-09
Dancing Club Gives
Second Summer Party

About SO couples attended tho sec
ond OF series of summer dancing
parties for members of the Bache-
lorS and Benedicts club and their
friends, held Friday evening at the
Bismarck Country club.
Harry Turner's nine-piece orchestra
played for the dancing. which began
at $3.50 o'clock and continued until
about a. m.
Carl Heupel and Charles Goodwin
comprised the committee in charge of
arrangements.
Mrs. I. Beeman, jamestown left
Saturday for her home after bringing
her son Charles here for treatment at
the Bismarck hospital.
X X X
Miss Irene Anderson. 617 Eighth St..
is spending several days in Golden
Valley as the guest of Miss Daraline
Buscher.
Mr.. and Mrs. A. D. Cordner, 519
Third ST., have as their guest Mrs.
Cordner's sister, Miss LaVerne Shaw
Tacoma, WASH, formerly a resident
of Mandan.
4 X X
Mrs. F. N. Orchard and daughter
Doris. 211 Second St., left Thursday
Tor st. Paul for several weeks visit
with Mrs. Orchards brother-in- law
ana sister, Mr.. and Mrs. George Fish
er and with her father, Edward Walsh.
x X r
Mr.. and Mrs. Paul Campbell, Minot,
visited here Friday with Mr.. and MR..
l.. w. Harroun, 100 Third ST., EN- route
to Los Angeles, Calf, where they will
spend several weeks. Mr.. Campbell
is states attorney of Ward county.
X y x
Mr.. and Mrs. Louis Tibssar
Twelfth and Lilcoln Sts., have as
their guests Mr.. Tibesar's sister, Miss
Albertina Tibesar. Portland, Ore, and
Mrs Tibesar's sister, Miss Josephine
Decker, Casselton, who will be here
about two weeks.
The Bismarck tribune., 1932-07-09
Love Not Important
Says Aide to Cupid

Chicago, July 9.-(R-After
performing 100 marriages with
out charge, Judge Edward B.
Casey has come to the conclusion
that love is not SO important
after all.
Il think people who don't love
each other can be almost as hap
py as those who do," he said.
In marriage comradeship is
needed"
But you've got to have good
home cooki1g"-and to make sure
the judge gives each bride a cook
book-also free.
The Bismarck tribune., 1932-07-09
Devils Lake Hospital
Is Damaged by Fire

Devils Lake, N. D., July 9.-(P)-
The lives of numerous patients at
Mercy hospital were threatened here
early Saturday morning when fire,
starting in a laundry chute. broke
out on each floor of the building and
caused damage estimated at $4,000.
OF undetermined origin, the blaze
was reported about 2 a. m. 1t had
spread through the laundry chute
and had broken out on each of the
floors. making considerable headway
on the top floor. Firemen removed
the patients to the academy build
ing, adjacent to the hospital. No one
was hurt.
Greatest damage was done in the
operating room in which $4,000 worth
of instruments were kept.
The Bismarck tribune., 1932-07-09

employees and even the friends of state
employees to make purchases in this
manner, thereby depriving local busi-
ness people of sales.
1T is news to me-" LANCER said. "but
I shall look into it If I am elected and
If the practice prevails I will stop it.
There is no more reason why the state
should buy things at wholesale for its
officers and employees than there is
why it should act as purchasing
agent for business firms. Such prac-
tice is unfair to the business people
who pay the taxes which are used to
pay the salaries of state employees.
Il don't know just what name you
would give to that sort of thing but
no matter what you call it. it wouldn't t
look any better to me. AS governor
my attitude toward the business peo-
pie will be to assist them in doing
business in all ways open to me-"
X X X
The protest to LANCER has not been
the first heard on this subject in Bis
marck. some ur.xind things having
been said about state purchases on
behalf of individuals in the past.
The manner in which such deals are
handled is little obscure but the
method seems to have been for the
purchaser to select an article, either
from sample or from catalogue, and
have it ordered for him.
Payment is made by the purchaser
to the board and by the board to the
firm selling the merchandise. It is
easily possible since the board pur-
chaseS, for various institutions, prac-
tically all items of household equip
ment and supplies. tremendous
amounts of clothing and food, and
many items of personal luxury or ne
coccitv
The Bismarck tribune., 1932-07-09
Baptist Young Folk
Support Prohibition

Minneapolis, July 8.-(P)-A resolu-
ton urging continuance and enforce
ment of the present prohibition laws
was adopted Saturday by the Baptist
Young Peoples Union at its national
convention.
I'VE believe" the resolution said.
that the difficulties into which pro-
hibition has fallen are due largely to
lack of information as to the effect
of alcohol. We urge that in every
The Bismarck tribune., 1932-07-09
Minnesota Freight
Rates Are Attacked

Fargo, N. D., July 9.-(P)-Claim-
ing that Minnesota has intrastate
freight rates lower than the inter-
state rates, which, it is held. gives
Minnesota shippers an unfair ad-
vantage over shippers from outside
the state, the Superior Association of
Commerce, Superior. Wis, and the
traffic bureau of Watertown, S. D.,
has appealed to the Interstate Com
merce commission for relief.
The commission has granted the
complaints hearing and will reopen
the western class rate case insofar as
it relates to Minnesota's intrpstatc
rates, N. E. Williams, traffic COM
missioner of the Fargo Chamber of
Commerce, has been informed.
The Bismarck tribune., 1932-07-09
City-County News

Two classes Of excursion fares, one
good in coaches and carrying a two
day return limit and one for first
class travelling and allotting longer
stay. have been authorized by the
Northern Pacific railway for the
North Dakota state fair at Fargo July
II to 16. In the first class, for dis
tances of 200 miles or more the rate
will be one cent a mile; for less thar
200 miles one and one-fourth cents
per mile. In the other the round-trip
rate will be fare and one-third.
Mr.. and Mrs. James Campagna,
farmers near Bismarck, are parents
of a son born Friday night at ST..
AlexiuS hospital.
A daughter was born, Saturday
morning to Mr.. and Mrs. Arthur
Haakensen. residing south Of the Bis
marck hospital.
The Bismarck tribune., 1932-07-09
HOmemakers Club
Names Mrs. Benesh

Mrs Emil Benesh, $40 First st., was
elected president of the Bismarck
Homemaker's club at the annual
meeting of the group, held Friday af-
ternoon at the home of Mrs. Carrie
Falck, north of the city. Mrs. Benesh
succeeds Mrs. Casper Irish.
Other officers chosen were Mrs.
Charles McGoon, vice president; Miss
Mildred Benesh, secretary; Mrs. H. L.
Farnam, treasurer; Mrs. A. j. Selby,
chairman of reports; and Mrs Henry
Dohn and Mrs. L. p. Wedge, project
leaders.
Mrs. Benesh was in charge of the
project lesson, with "Childrens Cloth
ing" as the topic. A social hour fol-
lowed the meeting and refreshments
were served by Mrs. Falck and Mrs.
Irish.
The group will hold the August
meeting at the home of Mrs. John Lee,
82l Fist st.
Mrs. A. j. Wright, Moorhead,
Mimi, has arrived to spend few
days as the guest of Mr.. and Mrs.
A. Risen, 507 Eighth street.
X X X
Mr.. and Mrs. w. F.. Harris and
family, 1875 Fifth street, returned FRI
day from 10-days outing at Little
Pine Lake, Perham, MINI.
4 Y 4
Mrs. Violet Richter, 3l4 Avenue d,
will leave Sunday for Portland, Ore,
to spend a month with her son, Theo-
dore Richter. She plans to stop in
Denver and Salt Lake City en- route.
X X X
Miss Hilda Gustafson, a member of
the staff Of the Bismarck hospital, has
returned from Jamestown where she
spent part of her vacation with her
brother-in and sister. Rev. and
Mrs. Leslie R. Burgum.
X X X
Rev. and Mrs. Ira Herzberg and
small son Bobbie, 708 Rosser Avenue,
are spending few days in James,
town, where they are guests Of Mrs.
Herzberg's parents, Rev. and Mrs. R.
E. Strutz.
Mrs. John r. Cswalt. Fort Lincoln,
was hostess at meeting of the post
ladies bridge club Friday afternoon.
Contract was played at three tables,
with Mrs. George Harris, Mrs. Cswalt
and Mrs. w. B. Carlock receiving the
prizes.
The Rt. Rev. Bishop Blair Roberts,
D. D., Sioux Falls, S. D., Episcopal
Bishop of South Dakota, will deliver
the sermon at st. Georges Episcopal
church Sunday morning at 10 o'clock
instead of 1890. Bishop Roberts is
serving as chaplain at the c. M. T.
camp at Fort Lincoln.
Y X =
Mr.. and Mrs. S. F. Hollingsworth,
523 First St., are on a motor tour of
the Black Hills and are expected to
return early next week. Accompany
ing them is their son, David Hollings-
worth a cadet at the U. S. Military
academy, West Point. who is spending
his furlough here with his parents.
X X X
DR.. and Mrs. j. B. Hollenbeck and
son Yep Hollenbecls, Columbus, Ohio
former residents of Bismarck, are ex
pected to arrive Sunday to visit with
friends here for week or longer
They will be guests at the home of
Mr.. and Mrs. G. A. Osmundson, 508
Avenue A. DR.. Hollenbeck. who is
connected with the federal bureau OF
animal industry. will be one of the
speakers at the convention of the
The Bismarck tribune., 1932-07-09
TOO LATE TO CLASSIFY

THE CALIFORNIA WAVE NOOK
specializes in combination waves,
spiral tops with ringlet ends. Com
plete, $3.75 and $500. 102 Bird st.
Bismarck, N. Oak. Phone 1872.
HARRINGTON'S, to close out electric
baked permanent waves. offer any
process in stock, for $500. Regular
quality of service No appointments
on Saturday. Phone 100.
The Bismarck tribune., 1932-07-09
MINORS AID QUITS

Chicago, July 9.-(P)-Josh Chiffon
assistant to George L. Minor. general
manager of the Farmers Nationa
Grain corporation. has resigned, eff.
fective August Is. He will enter the
employ of the Archer Daniels Mid
land company, Minneapolis grair
firm.
The Bismarck tribune., 1932-07-09
SIGNS KIDNAP BILL

Washington, July 9.-(P,-Presiden
Hoover today signed a bill making it
a federal crime. punishable by $4,000
fine or 20 years Imprisonment to
send ransom demands and kidnapping
threats through the mail
Evening star., 1932-10-16
St. Cecilia S Alumnae
Hosts to Noted Prelate

st. Cecilia's Alumnae Association en-
tertained his excellency, Bishop John
M. Mcnamara, Right Rev. Msgr. Eugene
J. Connolly. the clergy, sisters and
alumnae members at a delightful tea
following the laying Of the corner stone
of the new St. Cecilia's High School
Building, Sunday, october 9.
Mrs. James E. Collif1ower. president
of the Alumnae Association, was as
sisted by the officers and alumnae men,
bers. including Mrs. Lewis A. Payne.
first vice governor Of the District of
Columbia Chapter, International Fed
Grafton of Catholic Alumnae; Miss Mar
garet Tappan, Mrs. Paul A. Hurney,
Miss Olga Clements. Miss Alma Whitty,
Mrs. George H. O'Connor. Miss Rosa
Schulteis, Miss Mae Manogue. Miss
Anne Mccormick, Miss Jane Maloney
and the members of the graduating
class of 1888, which includes Miss Grace
Mary Collif1ower. Miss Mary Drew, Miss
Bessie Carroll, Miss Marguerite Carr,
Miss Dorothy Eppard. Miss Margaret
Evans, Miss Ada Hardy, Miss Constance
Larkin, Miss Anna Leer, Miss Catherine
Luskey, Miss Helen MetZger, Miss Mar
garet Mudd, Miss Leah Moriarty Miss
Evening star., 1932-10-16
|Mr. and Mrs. D. H. Blair
Entertain Delegates
To Bar Association
Miss Eva Burton Gives Din
ner in Honor of Visitor
From Seattle.

Mr.. and Mrs. David H. Blair enter
tanned some Of the delegates to the
American Bar Association who have
been here during the past week at din
ner Thursday evening at the Wardman
Park Hotel. The guests who attended
were Mr.. and Mrs Henry S. Ballard OF
Columbus, S. C.; Mr.. and Mrs. CraW-
ford Biggs of Raleigh, N. c.; Mr.. and
Mrs. Robert F. Cogswell. Mr.. and Mrs.
Benjamin w. Dart, Mr.. and Mrs:
j. B. Dougless. Mr.. Donnell. Mr.. and
Mrs. c. r. Fowler, Mr.. William l..
Frierson, Mr.. and Mrs w. B. Greenough,
Judge Lawrence Groner, Mr.. w. M.
Hendren, Col and Mrs. John Philip
Hill, Mr.. and Mrs. D. w. Iddings, Mr..
and Mrs. j. Gilmer Korner, Mrs. M. S.
E. Lybrand, Mr.. w. E. Lybrand, Mr..
and Mrs. Louis S. Morse, jr.; Mrs. Anna
bel Mathews, MIR. and Mrs. C. E. Mar
tin, Judge and Mrs. John j. Parker,
Nine. Rowan. Mr.. and Mrs. Willis
Smith, Mr.. Julius Smith, Mrs. Alice N.
Smoot, Mr.. and Mrs. B. S. Wamble OF
Winston Salem, N. c.; Mrs. Ida Lee
White and Mr.. and Mrs. G. K. Wright.
The dinner was held in the Florentine
room of the hotel and the table was
beautifully decorated with yellow and
burnt orange chrysanthemums and Au-
tumn leaves of different hues.
Miss Eva w. Burton of Richmond.
Va. and Washington, D. c.. entertained
at dinner in the Kennedy-Warren Fri
Gay evening in honor of Mrs. John
Evening star., 1932-10-16

Jenne Of Seattle, Wash. Covers were
laid for eight. The color scheme Of
brown and gold was carried out in table
decorations and favors. The CENTER
piece, a huge basket Of snapdragons,
tiny yellow dahlia buds and talisman
roses, was hanked by tall yellow candles
After dinner the guests remained for
bridge in the south parlor of the hotel.
Guests to meet Mrs. Jenne were Mrs
Charles H. Brooks of Annapolis and
Washington, Mrs. s. j. Lebermann,
Ashland, Pa; Mrs. j. Albert Fisher of
Marlboro and Washington, Miss Ada
s. Eyer, Grand Rapids, Mich: Miss
Ruth Jenne, who is in Washington for
the Winter, and Mrs. William E. Wolff,
Clarendon, Va. Mrs. Jenne has left for
her home in Seattle.
Miss B. r. Kelly entertained a party
of 10 at luncheon Saturday, October 8,
at Olney, Inn, Md, in honor of her
house guest, Mrs. Warren D. Woodside
of Stockton, Calf Her guests included
Mrs Lionel G. Connor Mrs. Ernest S.
Violet, Misses Helen and Pauline
Hunt, Miss Elizabeth Dooley. Miss Villa
Jean Cunningham, Miss Phebe Stine,
Miss Myra Park and Miss Edith E.
Kelly.
Chairman of the Reconstruction
Finance Corporation and Mrs. Atlee
Pomerene entertained informally at
dinner at Wardman Park Hotel We'd
nesday for seven guests.
Evening star., 1932-10-16
Yugoslavia Orders Blockade.

FTUME. Italy October IS (PD.-A
strict blockade of the shores of the
Yugoslavian province of Lika. where
the Croatian independence movement Il
centered. was ordered today. according
to reports from Sussak on the Adriatlc
coast, near here.
Evening star., 1932-10-16

Of honor Of the International Art
Forum at an informal tea at the stu
dio Of Miss Hester Walker Beall, Stone
leigh Courts. Sunday, October 80, from
S to o'clock. University students are
invited
Evening star., 1932-10-16

A Norwegian couple without residen-
tial qualifications in England were
taken recently in a railway company S
ship outside the 3-mile limit off Ply
mouth, England, to be married.
Evening star., 1932-10-16

Margaret Poore, Miss Catherine Riech-
ert, Miss Edwina Rooney, Miss Frances
Smith, Miss Ethel Wells and Miss Ruby
Williams.
Evening star., 1932-10-16

American talking cartoons are max.
ing a hit in the Netherland East Indies
Evening star., 1932-05-27

A lettuce leaf contains about "a per
cent water. as per cent combustible
substance and l per cent ash.
Evening star., 1932-05-27

Automobile registrations in France
have doubled in the last five years.
Evening star., 1932-05-27
CURB SHARES HOLD
IN NARROW RANGE
Market Shows Steadier Tone
on Prospect of Sales Tax
Legislation.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, May 27.-Atter opening
lower, the Curb Exchange rallied
slightly at the end of the first hour to-
day. but the recovery was not sufficient
to overcome earlier losses. Trading
was much reduced in volume from
Thursday, when blocks of low-priced
stocks were tossed on the market re-
gardless of quotations.
Electric Bond &. Share was only a
shade below its previous final level.
Cities Service. with a trifling loss,
reached ga per cent for the first time.
Standard Oil of Indiana was virtually
unchanged. Niagara Hudson Power
pointed higher
Evening star., 1932-05-27

Dividend rates in dollars based on last
quarterly or semi-annual payment 'Ex
dividend tPartly extra. .Plus 49o in stock.
Payable in cash or stock Payable IN
stock. Adjustment dividend Plus So
IN stock g Plus Sc in stock. Plus IL.
IN stock. Plus 2ft in stock Plus lofe
in stock. m Plus Sc in stock. n Plus &C. in
stock Paid last year-no regular rate
Evening star., 1932-05-27

tCopyright, 1881. Standard Statistics CO..
Evening star., 1932-05-27
BANK HAS REDUCED.
BUYING OF BONDS.
approximately $780, ,000,0 900
of U. S. Securities Are Pur.
chased by Federal Reserve.
By the Associated Press.

By the Associated Press.
The Federal Reserve system slowed
its purchase of Government securities
in the last week to 100000, a drop
from S3l 100000 the week before and
from 500 100000 two weeks ago.
For five weeks prior TO last week the
system had purchased approximately
500, 100000 in Government securities
each week to make available to men,
Der banks additional credit which could
be used to aid business and industry
throughout the Nation. The governors
of the Federal Reserve banks, compos-
ing the systems Open Market Com
mittee, in statement issued last week,
said that the policy would be continued
but in amount to be determined from
time to time.
The additional purchase last week
brings to approximately $500 000. 900
the amount Of government securities
purchased since the movement was in
augurated. and makes available to
member banks that amount of addi-
tional credit.
The total held by Federal Reserve
banks on May 25 was Sl.525 900 OOO.
which was 1927, 100000 more than was
held on the similar date year ago.