davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-06-26
PAYMENT Of FARM
LOANS IS SOUGHT
Foreclosure Looms in Many
Instances Where Debtors
Default on Interest.
Special Dispatch to The Star.

Special Dispatch to The Star.
KANSAS CITY, Mo. June 25.-With
the approach of semi-annual interest
payments on farm loans, Eastern in
vestors both private and corporation,
such as insurance companies, are
deeply concerned as to the disposition
Of their investments in such securities.
There has been a notable leniency for
the last year and producers have been
allowed to defer payments until times
improve. But taxes are also piling up,
and with debts on thousands of farms
out of line with the real market value
seriousness. Though avoided for a
time, foreclosure must eventually ar
rive for such properties unless the land
is voluntarily decided to the mortgages.
as is often the case
During the last six months the in
come off the farm has been at a mini
mum. The lowest market in a genera
ton has existed for products, and even
with reduced expenditures 1t has been
difficult to carry on where interest
charges exist. Creditors who have
taken over realty are at loss how to
make it pay even a small interest, and
management at a distance is unsatisfac-
tory. Prospects during the Summer are
for a long list of foreclosures which will
add to the present holdings.
Here and there announcements ap-
pear to the effect that local money is
available for farm loans and insurance
companies are making loans on a low
APPRAISAL and with many restrictions.
With land at its present price level.
loans today ought to be sound, particu-
larly if prices of commodities improve.
Economies and sacrifices under way are
having an effect in balancing the farm
stead's budget and borrowing is under
taken on a more cautious basis than in
history This ought TO have a strength
ening effect on securities generally.
New wheat arriving from the harvest,
now well under way, is yet meager rs a
result of a price below 80 cents. 1t
seems likely that for time at least only
such amounts will be sold as necessity
demands. The banks, however, are
holding their deposits, and loans are
slightly lower putting the situation on
a more stable basis as to the financial
institutions. The few bank closings
part of them voluntary to go out of
business, is encouraging, arI indicates
that the weak banks have been well
cleaned out. Even a slight upturn in
price levels would give an impetus to
interior banking and trade, both at
low marks and waiting on events.
Copyright, 1922
Evening star., 1932-06-26
SILVER PRICE LAGS
IN WORLD MARKET
Efforts to Stabilize or In
prove Position of Metal
Lack Results.
BY the Associated Press.

BY the Associated Press.
NEW YORK, June 25.-The sick
metal, silver, has refused to take heart
at the latest curative measures tenta-
lively offered in political and legislative
quarters.
Only last week, the Republican party,
traditional foe of silver money, nailed
to its platform a plank favoring an in
ternational conference on monetary
questions. including the position of
silver"
And this week the Senate Banking
and Currency Committee favorably re-
ported the Pittman bill, which if en-
acted would authorize the Treasury to
buy up to 100000 ounces of the white
metal monthly, to stabilize the price at
about SO cents an ounce, or almost
double the current level
But silver bullion this week has
sagged in New York to less than 81
cents an ounce, the lowest price touched
thus far in 1882, and only little above
the historical minimum of 2524 cents
reached in February of 1881.
Silver spectators evidently concluded
that the Pittman bill would not be en-
acted, at least at this session of Con-
gress, and that an international confer
C4lCCp IL ~ II oIA1l 6A9-
tance in the future.
There has been much agitation to
remonetize silver in England as well as
in America, and some observers expect
that proposals for its increased use as
money in England and the British do
minions may be offered at the Imperial
Economic Conference to convene in Of
taWa next month But the market
seemed skeptical of results.
The chief obstacle to the restoration
of the monetary use of silver of any
considerable scale, most economists and
bankers agree, is the obvious difficulty
of getting all of the powerful financial
nations to use the metal in exactly the
same way, which, in the light of past
experience, is essential to monetary
stability.
The world used both silver and gold
for money from early times until the
last century, when the increase in world
trade, together with changing valua-
tions upon gold and silver by various
countries, began to cause difficulties. It
is obvious that If one country places q
higher value on silver, IN relation to
gold, than another, 1t will draw silver
and lose gold. with resulting monetary
and financial disturbance.
Evening star., 1932-06-26
FAIRLY EVEN LEVEL
NOTED IN BUSINESS
Commerce Review Reports Better
Tone in Prices of Farm
Products.
BY the Associated Press.

By the Associated Press.
fairly steady level Of business ac-
tivity in the United States was recited
in the weekly review of the Commerce
Department, covering the situation dur
ing the week ended June l8.
Bank debts, outside New York. were
lower but were above the first week Of
the month. Bank deposits. on the other
hand, increased following the recess
sion of the two preceding weeks. The
gain resulted from the expansion in
demand deposits, as time deposits were
again lower.
Business failures were higher than a
week ago, but continued below the
weekly average of the earlier months
of the year. Money in circulation in
creased slightly. but the total was not
changed appreciably in the past two
weeks. Stock and bond prices general
ly maintained firm tone. The weekly
statement of the reporting member
banks of the Federal Reserve system
revealed an increase of S3l5, 900 900 in
their loans and investments, of which
s118 1000 represented an expansion
of loans.
The increase In the investment hold
ings, however, was due to a further ac-
emulation of Government securities
and investments in other securities de-
clined Automobile production con-
tinues as sustaining influence to cur
rent activity and the output for the
week revealed a further increase. Con-
struction contracts awarded during the
first half Of June declined rather
sharply below May, on daily average
basis.
Wholesale prices. as measured by
Fishers index. were again lower, but
agricultural prices displayed greater
resistance to the trend. Cotton prices
advanced, but wheat prices developed
renewed weakness. Copper prices were
slightly firmer. and the iron and steel
composite price continued its slow re-
cession.
Evening star., 1932-06-26
INVESTMENT BOND
LIST HOLDS GAINS
Market Has Shown Firm
Tone During Week-For-
eign Group Higher.
BY the Associated Press.

BY the Associated Press.
NEW YORK, June 25.-The out
standing characteristic of the bond
market during the past week has been
It's steadiness. The index of 90 repre-
sentative domestic bonds, as prepared
by Standard Statistics, has hardly
moved a third of a point in the whole
week. while at the same time certain
foreign dollar bonds have had a sub
stantial advance and United States
Government issues have moved slowly
but consistently into higher ground.
This Is all part Of the general re-
covery which dates back to the begin
ming of June-when measures to bal
ance the budget of the United States
were at last brought to stage where
the final result could easily be en-
visaged-and contrasts strikingly with
the vertical decline in bonds from
March IL until the end of May.
The recovery in bonds has now
reached the point where nearly half
Of the losses occasioned by the long
Spring decline have been recovered
Since this means an appreciation of
So 000, 600. 900 in the market value OF
bonds listed on the New York Stock
Exchange and approximately the same
amount in unlisted obligations. it Is
APPARENT that recovery has gone far.
1t has covered almost as much ground
as did the swift recovery from the
December lows.
But its causes are even more signifi-
cant than we're the factors starting the
December-January recovery. Then the
market merely sought its natural level
after the load of year-end tax selling,
window dressing and forced liquidation
had been lifted. Today the market is
advancing because slowly but surely the
fog that had obscured the road ahead
Is lifting Defation in almost every
direction has progressed to a degree
that promises a turn in the near
future.
This is seen strikingly in the railroad
industry, where a number of reorgan-
ization plans have shown the way to
reduced fixed charges and Tightening
of the capital load without recourse to
receivershtpS.
The European list Of dollar bonds
recovered an aggregate value of some
thing over S200,000,000 on the week S
Developments, much of which improve
ment was is German issues. Even the
creditors of the wrecked Kreuger organ
izations were finding a few crumbs OF
comfort.
So much steadier have bonds been
that there has been a considerable re-
vival of interest in new issues. This
week arrangements were being made
for an issue of S50000.O00 Commcn-
wealth Edison SIS. which will probably
be marketed on about a 6 per cent
basis; and there were reports that new
issues were soon to be offered for Pub
lie Service Of Northern Illinois and
Peoples Gas. Consolidated Gas is seek
ing approval of a large issue of bonds.
Brooklyn Union Gas secured approval
for the sale Of $10,000.O00 Of bonds.
There were small emissions from Wis
consin Public Service and Wisconsin
Valley Electric.
However. none Of these was formally
offered, and the weeks total consisted
Of S13.321 900 of municipals contrasted
with SIS 5.380.9S3 in the previous week
and s187,759,0o0 in the same week Of
1881.
tCopyright. 1ss7J
Evening star., 1932-06-26
U. S. BANK SUSPENSIONS
INCREASE DURING WEEK
By the Associated Press.

By the Associated Press.
NEW YORK, June 24-The weekly
record OF bank suspensions compiled by
the American Banker shows an in
crease over last week, due to "a closings
in Chicago.
For the entire country. new suspen-
sions totaled AZ against q the week be-
fore. States in which closings occurred
were California, Pennsylvania, Indiana,
Illinois. Iowa, Kentucky, Minnesota,
Missouri, Nebraska, New York. Ohio,
South Dakota and Wisconsin. Closings
for the year TO date total 784 and re-
openings, 141.
Chicago closings have reduced that
city's banks from total Of 225 in 1929
to 10.
Evening star., 1932-06-26
Stock Specialist
Losing Influence
On Price Changes
Special Dispatch to The star.


NEW YORK, June 25.--Many Wall
Street folk believe that the stock spe-
cialist--the mere quoting Of whose opin-
ion was sufficient to start an advance
in a particular stock back in the hal
cyon days OF 1925 rapidly becoming
back number, owing to restrictions
on his activities.
The economist of the Stock Exchange.
]. Edward Meeker. tells the story Of the
first specialist. He was a broker who
found his activities restricted by a
broken leg. AS temporary expedient
he took his seat in the midst of the
crowd trading in Western Union, then
a very active stock, and executed orders
in it. Much to his own surprise, he
soon found his new occupation more
profitable than his former one, and even
after his leg had mended he continued
in it, Other brokers followed his ex-
ample and became specialists"
Today there are about 300 specialists,
but their number is dwindling.
Copyright, 1922
Evening star., 1932-06-26
CAST IRON BUSINESS
LOOKING FOR UPTURN

Special Dispatch 10 The Star.
LYNCHBURG, Va, June 25.-The
cast iron business here is looking for an
upturn, but no prediction is made as to
lust how soon 1t will begin. II is held
that the extreme quiet which has pre-
vailed cannot keep up indefinitely
Already numerous citizens are in need
of pipe in large quantities and 1t is
held that it is only a matter of time
before they must buy.
Belief is held that the offer of the
Federal Government for temporary
financing Of municipal loans viii aid
and here it is noted that there is a
slight Improvement In business. There
seem to be few more orders and more
inquiries about prospective orders. Most
@ders recently have been sgall.
Evening star., 1932-06-26

Young plan was being drafted, and a
year ago, when France was taking her
time over acceptance of the Hoover
moratorium proposal. there will be nu-
merous crises in the negotiations which
will have their effect on securities. The
issues involved are too great to be re-
jected. Pressure to accommodate them
to the immediate world economy has
been shrewdly exerted through the
Washington Administrations request
for radical cut in ornaments. There
fore. no one need be unduly disturbed
over the outcome of the conference,
which cannot render conditions worse
than they are and Is likely to arrive at
decisions that win materially improve
them.
ecopzziEsA. 1aaaA -.
Evening star., 1932-06-26
GOLD MOVEMENT.

NEW YORK, June 25 lP).-The daily
gold movement Of the New York Fed
eral Reserve Bank showed imports Of
$114,200 from Mexico. exports Of $780,
600 to the same country and no net
change In gold earmarked for foreign
account.
The bank was notified of the receipt
Of ss47,0QQ gold at San Francisco from
Evening star., 1932-06-26
Smaller Tobacco Crop Seen.

NEW YORK, June rs (Fl.-The vir-
ginia State commissioner Of agriculture
South Virginia counties win be about
so per cent of normal The season has
been late and growers, because Of low
prices. haYe na2e HahteE nlantingA
Evening star., 1932-06-26
FOREIGN CORPORATION
BOND SALES TAXABLE
Ry the AssocLated Press.

By The Associated Press.
NEW YORK, June 25-The New
York Stock Exchange has informed
members that the Treasury Depart
ment has ruled that transfers of bonds
of foreign corporations are taxable un-
der the Federal law regardless OF the
fact that the bonds may be guaranteed
by foreign governments or cities, and
that the corporations may be controlled
and operated by the g2araptors.
Evening star., 1932-06-26
Glass Container Demand Improves.

NEW YORK, June rs R.-An ac-
tive demand Is reported for glass con-
tainers, and that branch Of the glass
age OF activity than others Some of
the production is in anticipation Of the
packing and preserving season.
Evening star., 1932-06-26
Hardware Prices Firmer.

NEW YORK, June 25 LP).-Hardware
prices have shown firmer tendencies in
New York wholesale markets this week,
although buyers are said to be doubt
full that the new levels can be main
tanned.
Evening star., 1932-06-26
Unfavorable Dividend Changes.

NEW YORK, June 25 (P).-There
we're 153 unfavorable dividend changes
in the past week compared with l29 in
the preceding week, according TO the
Standard Statistics Co. Favorable re-
visions numbered IA against II.
Evening star., 1932-06-26
Change in Stock Status Planned.

NEW YORK, June Is (P).-Servel,
Inc. stockholders viii vote on July 26
on changing the corporations common
stock of no par into common stock Of
81 par and reducing the common cap
ttal 70 81 Q share. 1870 --..-.,- -
Evening star., 1932-06-26
YARN PRICES REDUCED.

NEW YORK, June 25 (F1.-Du Pont
Rayon Co. has reduced acetate yarn
Braces.
Evening star., 1932-06-26
Ice Dividend to Be Paid.

A recommendatlon 70 declare The
regular quarterly dividend of so cents
has been decided upon by the Execu-
five Committee of the American Ice
Co which has a big plant in Wash
jngtou. and will be made at the direc-
tors meeting on Tuesday. according to
Charles c. Small, president.
Evening star., 1932-08-05
BABES %BR0 0ADN41
: BY law lkxeH

I'm not denying that right" Tony
said.
II didn't think you would. You're
too iInately kind and just. When the
divorce Is granted / will ask you again
to be my wife. But whether you give
me hope or not can make no difference
in my determination to put legal end
TO my marriage
Back in her room at the Tres Arts
Tony arranged her sketchmg materials,
took Up the beard. Difficult to con-
centrate. Divorce Divorce ought not
to be, ever Why didn't the great minds
that ferreted out cures for all kinds
of rapacious diseases find a way to do
away with divorce? Adam Leonard
and his harridan. Clara Donald Kemp
and his convenient arrangement Why?
She would have to stop asking ques-
tons wise men could not answer.
Sketch. Scintil'ating bluo-whitA women
Diamond. more crystalline than ice,
bluer than blue sky.
Suddenly her pencils began to move
swiftly with bold sure strokes. She
need do no more than direct her fingers
For all their swiftness her mind leaped
ahead Of them White satin, nodded
to the form, sweeping away in the back
to two points. Extreme decolletage,
pointed. Finished with lei of tiny
gardenias. A little jacket, pointed in
back, points in front pointed sleeves.
Made Of blue-White rhinestones and
Evening star., 1932-08-05
SYNOPSIS OF PRECEDING INSTALL
MENTS

SYNOPSIS OF PRECEDING INSTALL
MENTS.
Tony Brookes bankrupt father and her
mother were killed in an automobile accf-
dent in Centerville. her home town. when
she was lS years old. Her frankness eost
her j0bs in a New York dress shop and an
art gallery before she got q chance TO try
dress .designink in the Montieu studio; snd
ISe1 Moran, dress model lost her Job
Tony shared her third-fo0r back room a.
Ms isFipf sa i,s hsE Lee s ben ssf sax
aged Adam Leon9rd- WfTiie- Tony aud Lee
were out with Leonard and Donald Kemp,
lawyer from another city, Mrs. Leonard saw
them and made a. scene Leonard, unhappily
married had Kemp srranget divorce. Lee
told Tony she was geinE to pose as the CO
respondent and expected 20 receive 3?,o00
She moved to an apartment. Leonard ex-
pected to marry Lee Tom Stewart. young
engineer, had been in love with her. Tony
fell in leNe with Tom. but he was sent to
New Me2ito on d new Job and Tony did not
hear from him. Leo tricked Tony lHto a
week end party Rt fashionable Beach Haven.
To escape the attentions of Jock Selden.
Tony khked 4 'windew out Of his car and
alkedsback 10 her hotel, She decided she
must break entirely with Lee and took a
room at the Tres Arts Club. Kemp had
obtained the Moltteu studio position for
Tony. and had been very attentive TO her
Tony created two successful desisns and one
of thsris Treehioom,' pleased theatrical
star Tony told her it Did npt suit her and
got her pernlisSt9n to try cesign especially
for her ~ ? ifssE fs ..-+ ar.
Evening star., 1932-08-05
INsTALLMENT XXI.

TN the passage of the hotel where
Tony and Kemp had dined three
or four cases of costly wares
Il were discreetly placed. Tony
stopped before one Of them. In
the center of d plateau OF shimmering
white satin was single great diamond
unset. From its heart of ice it sent
Evening star., 1932-08-05

One of the first steps taken by Japan
on bsing forced out of her Fac,uslon,
almost 80 years ago. was to build up
an army and a navy.
Evening star., 1932-08-05

There is no need in castigating
yourself" Kemp broke in sternly. The
end was boiind to happen. A man can't
go on forever feeding the sop Of duty
Of his soul. 1t sours inside him. It
dries him up. I've right to love, to
laugh and sorrow, to live and to let
live as human beings are born to do"
Evening star., 1932-08-05

(To Be Continued)
Evening star., 1932-09-03
STOCK LIST HITS
NEW HIGH LEVELS
Gains of ST to SIS a Share
Scored in Active Week
End Session.
BY the Associated Press.

BY the Associated fIess'
NEW YORK, September 3.-Wall
Streets belief that business would take
a definite turn for the better after Labor
day inspired another bustling advance
in stock prices today.
With cotton and wheat higher, shares
showed extreme gains of 81 to S., and
the Standard Statistics average of 90
issues was pushed to new high for the
year.
Several pivotal stocks, including
United States Steel, General Motors and
American Telephone, showed ahead To
new tops for the Summer recovery.
The advance, brokers recalled, was In
keeping with bull market tradition, fol
during 1928 and 1929 it frequently hap
pened that prices skyrocketed on the
eve of a holiday. Incidentally, 1t was
just three years ago that averages oi
rail and industrial stocks were making
their record highs.
News of the day included further re-
ports of expanding steel mill operations
in the near future. There was also q
rise of 1881 cars in loadings of rev.
enue freight for the week ended Au-
gust 81, gain which the market viewed
as satisfactory. Steel, utility, chemical
and merchandise shares were particu-
larly strong, although rails Jagged some
what behind those groups.
There was considerable late profit'
taking as traders lghtened long COM
| mitments in preparation for the wees
end, but many final prices were not fal
from the best, and the closing tone was
| strong. Trading was at fast pace
| throughout the two hours, and at one
| time the ticker was six minutes behind
the market. Transactions approximateo
| $500, 900 shares.
United States Steel common. very &C.
tive, closed at $3.50, up s1.5o. Amer
| ican Telephone at $1l9 was up ST.. al.
| though it had touched $l20. Bethle'
hem Steel's net gain was 1882, the price
being $27.37.
Delaware g. Hudson rose 81 to $91
United Aircraft, s5.25 to $29.50; Amer
ican Can, 81 to S60.37; Du Pont, $1.5(
to S4425; Standard Oil of New jersey
S1.37 to $36.62 Western Union, SIS te
S4812; North American, $2.25 to $42.75i
Woolworth, $1.37 to $41.12.
Cotton reduced extreme advances Of
about 81 a bale to net gains Of 10 to 81
cents.
Evening star., 1932-09-03
Schoolboy's Dream
OF Easy 'Rithmetic
Realized at Last
BY the Associated Press.

LOS ANGELES, September 3.
The schoolboy's dream has
materialized. A machine to solve
problems automatically has been
invented.
The new device, perfected after
years of labor on funds granted
by the Carnegie Institution of
washington, is said to handle
problems 10000 times as fast as
the most adept mathematician.
The machine was described to
members of the American Mathe-
matical Society at their conclud-
ing session at the University Of
California, at Los Angeles, by DR..
D. H. Lehmer, national research
fellow of the California Institute
of Technology.
The function Of the machine
Is to determine prime numbers.
1t will .sift approximately 10000
900 numbers an hour. Years of
work are required to find the
same prime numbers without the
aid of the machine, DR.. Lehmer
said.
Evening star., 1932-09-03
britain STRESSES
. DEBT-TAR|FF ISSUE
Criticizes U. S. Elimination of
Two Subjects at Eco
nomic Conference.
BY the Associated Press.

BY the Associated Press.
LONDON, September 3.-The Times
today said that If the forthcoming world
economic conference were to be for
hidden to discuss tariffs and war debts
it will be condemned in advance to
failure"
Alluding to the American elimination
of war debts and tariffs from the
agenda, the Times said that nothing
can be gained and much can be lost by
attempting to exclude the very problems
which call most urgently for a solution y
1t was argued that postponement Of
preparations until after the American
elections. when the American Govern
ment would be free to consider these
questions on their merits, unobscured
by internal political exigencies," would
have been better.
EDITORIAL INSPIRED.
Evening star., 1932-09-03
TEXANS FLEE FLOOD
CREST IN RIO GRANDE
Thousands Driven From Homes
and Live Stock Loss Is
Believed Heavy.
By the Associated Press.

BY the Associated Press.
EAGLE PASS, Tex, September s.
The crest of Rio Grande flood that
has done an unestimated amount of
property damage, but has taken no
known toll of human life, rolled on
downstream today with those in its path
taking precautions to minimize its dam
age.
The boundary river between the
United States and Mexico swelled by
torrential rains, inundated the business
district Of Eagle Pass and drove from
their homes thousands of residents of
Piedras Negras, the Mexican city across
the border. Twelve persons were miss
ing here. but it was believed they had
only been separated from their families
About Laredo, Tex, and Nuevo La
redo, Mexico, ranchmen had driven live
stock to high ground. People living ir
| lowlandS left their homes.
The Pecos, Nueces, Sabinal and Devil!
Rivers also were out of their banks
| Considerable damage was reported t.
railroads and highways. The Interna
tional Bridge between Del Rio, Tex, ant
Villa Acuna. Mexico, was damaged.
Livestock loss was believed heavy u
several counties.