davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-08-23
Districts to Be Marked Out
Soon, Declares Chair
man Fort.
VARYING STATE LAWS
MAY DETERMINE PLANS
Statutes Affecting Operation of Act
Studied Before Division Lines
Are Completed.

The Home Loan Banking System will
be divided into II districts, Chairman
Franklin w. Fort announced today In
mapping plans for inauguration OF the
new Federal organization designed to
aid small home owners. The law re-
ouired the establishment of from 8 to
IL districts, but specified these could
not parallel those of the Federal Re-
serve System.
The board chairman informed news
paper men this morning that I'VE have
decided definitely to divide the country
into II districts. The transportation
and convenience needs of the people to
be served require us to set up the
maximum number of districts"
Having decided upon this" he
added, I'VE are proceeding as rapidly
as possible and hope it will not take
long to mark them out"
Cities to Be Picked Later.
Mr.. Fort said the question of select
ing cities In which home loan banks
would be located would come later.
He pointed out the restrictions in
some States on the type of investments
which building and loan associations
may make and said these restrictions
offer the chief difficulty in the way Of
the board.
Mr.. Fort said so far the board has
not received an offer of $5,000,00o i'll
subscriptions, as required as capital for
each bank, but that 1t had received
several indications that such offers
would be made.
The chairman declared the potential
liquidity which will be given to real
estate mortgages by making them. or
many of them, eligible for discount,
already is having an affect.
It have no doubt that the debenturcS
will be absorbed just as fast as we put
them out" he added. And more than
that, it ought to be a most favorable
development for the home owner. be-
cause we are able to sell the debentures
at a low rate of interest and the lend
ing agencies will have to transmit that
level of interest on to the original
borrower"
State Laws Compiled.
He explained that the State law
restrictions apparently will not handi-
cap the organizations processes be-
cause the home loan act provides that
Government funds shall be supplied
at the start of bank operations if pri-
vate subscriptions fail to make up the
initial minimum of s5,000.O00 in cap
ital. 1t also provides that institutions
otherwise eligible as members, but Lre-
cluded from taking stock under their
State laws, may borrow as non-mem-
bers until the State law is changed
or until the State Legislature has had
an opportunity to correct the condi-
ton.
Mr.. Fort said he foresees strong
urge on the part of those desirous Of
utilizing the loan bank facilities to &C
cept the necessary changes in State
laws.
The board is having a compilation
made of all State laws relating to in
vestment of such funds in the stock
of bank of the type of the Home
Loan Banks. With that information
available, it can calculate rather
closely, according to Mr.. Fort, what
limitations are faced in prescribing the
district lines.
Evening star., 1932-08-23
CHAPLIN USES OLD "FLIVVER'
TO GET TO HIS WORK IN HURRY
Commerce Secretary Praised for Championship of De-
partment Personnel in Radio Speech.

business that it serves, that does not
seem to be a bad investment for our
people. cannot believe that the short
time I have spent In the Government
service will lay me open to the charge
of having so-called bureaucratic point
of view"
In predicting that the next six
months will be momentous in the his
tory Of the United States, Mr.. Chaplin
declared the Commerce Department
pledges every effort in its power to bring
about better times.
Certainly there has been no time
since the World War;" he asserted, that
the men and women in the Government
have given SO freely of their energies
and abilities as in the last three years
1t is stimulating because there is closer
partnership between the Government
and the people.
Evening star., 1932-08-23
SUES CAB COMPANY

Myrtle Young Bethesda, Md, has filed
suit to recover $4,000 damages in the
District Supreme Court against the
Black and White and Yellow Cab Co.
for alleged personal injuries. She says
she was a passenger in an automobile
on Thirty-first street, near N street,
April 8, when a cab of the defendant
company collided with the vehicle and
caused her to sustain serious injury.
She is represented by Attorneys Gle
phane, Latimer & Hall.
Evening star., 1932-08-23

Secretary Of Commerce Chaplin today
discarded his expensive Government
sedan and entered the bronze portals OF
the Commerce Department IN an ola
"fiivver'
The shift in vehicles was said to be
only temporary. 1t is understood Sec
retary Chaplin, formerly chairman OF
the board of the Hudson Motor Car Co,
used the old car to get to his ONCE In
hurry this morning.
The Secretary was said to have re-
ceived many congratulations from Gov
ernment employees as a result OF his
speech, in the National Radio Forum
last night, during which he championed
| their cause. He referred to the Com
merce Department building as q busy
hive"
considering the billions of dollars
he added, represented by the American
Evening star., 1932-08-23
CRASH INJURIES TWO
Milk Truck and Sedan Collide on
Foxhall Road.

Two men were injured early today In
an accident in the 1900 block of Fox
hall road, when a milk truck, driven
by Carl Bailey, "a Vienna. Va, was in
collision with sedan operated by Hugh
B. Mullen, 81, of Clarendon, Va.
The impact, which reused residents
of the neighborhood, sounded like a
pistol shot, they said, telephoning police,
who hurried to the scene expecting a
shooting. Both vehicles were badly
damaged, though neither driver was
seriously hurt. Both were treated at
Georgetown Hopital.
Evening star., 1932-08-23
WEEKLY NEWSPAPER
Is BANNED BY ROVER
Distributor of Publication Here Is
Ordered Arrested Because Of
Two Articles.

Aroused by two articles in the Au-
gust 81 issue of Washington Brevities
which appeared on the newsstands to-
day. United States Attorney Rover to-
day ordered the arrest of Joseph Often
stein, president of the District News
Co, which distributed the publication
and instructed the police to notify all
precincts to seize all copies found on
neWSStandS.
The contents of the publication were
characterized by the United States at
torney'S Office as indecent. Mr.. Rover,
on a previous occasion, ordered an is
sue Of the weekly DESTROYED.
Evening star., 1932-08-23
TWO STORES ROBBED
Thieves Get Clothing and Old Coins
Valued at $167.

A quantity of clothing and some old
coins. valued at $16721, were taken
from two stores in the 300 block of
Cedar street last night by thieves who
gained entrance through rear windows.
Clothing, valued at $1O748, consisting
mostly of women's wearing apparel, was
obtained from the Variety Shop, it was
reported by Samuel Friedman, manager.
Merchandise and old coins valued at
s5973 were taken from a hardware
store next door, Israel Hoffenberg,
manager, told police. The coins in
cluded Canadian quarters and dimes
and 20 old pennies. the latter bearing
dates from 1852 to 1872.
Evening star., 1932-08-23
MISS LEE GETS HONOR
Woman's Party Director to Bt
Farewell Dinner Guest.

Miss Muna Lee. director Of national
activities for the National Womans
Party, will be rendered a farewell din
ner Thursday evening in the rose gar
den Of Alva Belmont House prior to her
departure next week for Porto RICO,
where she is director of the bureau OF
international relations, University OF
Porto Rico. Guests will be seateo al
$50 o'clock Miss Lee has neen VISIT
ing in washington while on leave from
the university.
Evening star., 1932-08-23
WINNERS IN ORATORY
ARE REPORTED IN ROME
Group, Including Washington Area
Finalist, to Remain Week
Before Going to France.

FfnaliSt in the National Oratorical
Contest, who are on a tour of Europe,
today were reported in Rome, where
they will remain all week before going
to France
The oratorical group. which includes
Minnie Sadie. Washington oratory
finaIist, left Switzerland Sunday for
Italy. While in Switzerland, John Jar
man, the Oklahoma finalist, broke his
arm. according to word received by the
headquarters of the contest. The cable
did not state how the accident oc-
CURED, but stated Jarman is recuper-
ating.
The party will return to the United
States about the middle of September
Evening star., 1932-08-23
LOAN WAS REJECTED.
Indiana Insurance Co. Corrects r. F. C.
Report.

INDIANAPOLIS, August % Up-
Robert E. Sweeney, president of the
State Life Insurance Co., said last night
his company did not accept loan of
100000 from the Reconstruction
Finance Corporation. as reported yester-
day by the clerk of the House of Repre-
sentatives.
The company made application for
larger amount, Mr.. Sweeney said, and
refused to accept the 100000 granted
to it.
Evening star., 1932-08-23
Church Party Tonight.

The Mothers Club of st. James
Catholic Church, Thirty-seventh street
and Rhode Island avenue northeast,
will hold card party in the church
auditorium tonight at o'clock. The
proceeds from the party will 60 to the
church.
Evening star., 1932-08-23
COLUMBUS U. MOVES
Opens Quarters IN For
mer Home of lansing.

Columbus University has moved into
its new quarters. at 1928 Eighteenth
street, the former home of Secretary
of State Lansing, 1t was announced to-
day by william E. Leahy, president Of
the institution.
The university formerly was located
modelling of the Eighteenth street
structure was completed recently and
the quarters are ready ror use when the
Fall term begins. September 10, Mr..
Leahy said. a
Evening star., 1932-05-23
STOCKS.
PUBLIC UTILITY.
NATIONAL BANK
TRUST COMPANY

Amer. Sec. & TT. Co. Q5). ..... 2es 8
Natl. Saw. & TT. t12+) .......... 375 4
Prince Georges Blk. & TT. o. %
Union Trust (8s). 100 2
Wash. Loan & TT. Q4. ........ 400 4
Evening star., 1932-05-23
CHICAGO STOCK MARKET

BY the Associated Press.
CHICAGO, May 23.-Following is the
complete official list of transactions in
stocks on the Chicago Stock Exchange
Evening star., 1932-05-23
CURB ISSUES DULL
|N.F|RMER MARKET
Irregular Opening Is Followed
by Improvement in Some
Groups.
BY JOHN A. CRONE.
Special Dispatch to The Star.


NEW YORK. May 23.-After opening
dull and irregularly, today's session on
the Curb Exchange held its slow pace.
but here and there in various parts Of
Inc list slight improvement took place
in quotations.
Electric Bond & Share was down a
traction to 8. Cities Service was off
shade at 33s. but Standard Oil of In
diana at 1872 steadied as it recovered
an initial loss. American Gas & Elec-
rlc, compelled to absorb some increased
offerings, lost about 2. point, but Gulf
Oil OF Pennsylvania was up almost that
amount.
News from trade centers over the
week end proved encouraging. Automo-
bile sales last month were estimated to
be nearly 20 per cent ahead of those of
March. Steel output was up slightly
as result OF structural and automo-
tive demand. Grain prices bettered
Associated Gas & Electric issues
failed to respond to the company's an
nouncement that all its current indebt-
edness had been paid and neither It
nor its direct subsidiaries had any bank
loans or similar Indebtedness now out
standing. Nevada-California Electric
likewise, did not Immediately react to
It's IL months earning statement, ended
April 80, Showing net Of S741 TIT against
S18l.7l7 in the like period of last year.
American Cigar, whose stock is now
nearly SO per cent owned by American
Tobacco, declared quarterly dividend
OF So on the common, resuming pay
ments which had been omitted since
January 2, 1880. Woolworth, Ltd, con-
tinued its usual payments on the COM
mon shares, which also was true of the
disbursement on American Thread pre-
ferred,
Evening star., 1932-05-23
JAPANESE MEETING
IN TEREST ON BONDS
Recent Decline in Market Is Laid
to Military Operations in
Manchuria.
BY VICTOR EUBANK,
Associated Press Financial Writer

NEW YORK, May 23-While Wall
Street financial leaders were somewhat
concerned last week over the political
developments in Japan, the general
feeling was that the situation. although
extremely serious, was not quite as bad
as it appeared.
japanese affairs are Of particular in
terest to investment bankers because
the empire has outstanding some s400,-
100000 in government and corporate
bonds.
Close observers of Oriental affairs
point out the japanese have never yet
defaulted in their interest charges and
they have no near-maturities that
might be embarrassing.
The principal Nipponese bonds listed
here are the government 6l3s of 1854
and 5I2s of 1865, Oriental Develop
ment IS Of 1853 and SIS of 1858, Toho
Electric Power Is of 1855 and IS of
June Is, 1892; Taiwan Electric 5i2s of
1871, Toxic City 51as of 1861 and SIS
of 1852, Toxic Electric Light IS of
1858, Sh Nyetsu Electric Power 612s
Of 1852 and Yokohama City IS of 1861
Both of the Oriental development
issues are guaranteed by the govern
ment and. like the governments bonds,
have been relatively steady recently,
although around 20 or more points
under their high figures for the year.
The loans of Nippon began their de-
cline with the Manchurian military
adventure and prices continued to slide
further when the japanese entered
Shanghai.
The comparatively low price Of the
governments bonds is said to have re-
suited in considerable quiet but steady
buying from Japanese sources during
the past month or so.
Evening star., 1932-05-23
BONDS STEAD|ER
AS TRADING GAINS
u. S. Government Issues Dis
play Better Tone in Larger
Turnover.
BY F. H. RICHARDSON.

Special Dispatch to The Star.
NEW YORK, May 23.-Although soft
spots were still present in the corpora
tion list, the bond market as whole
was steadier today. Trading was some
what more active than en- Saturday,
but hardly as heavy as on Thursday
and Friday of last week.
The market opened with a fairly
firm tone, United States Government
bonds lending some strength to the rest
of the list. Treasury IS and 3lss and
Treasury 44s had substantial recov-
cries which left them about 2 to 2ai
points above their lows of last week
Liberty issues were turned over in VOL
Tune at virtually unchanged prices.
The strength in Governments was
attributed to purchases by the Federal
Reserve for its own account and for the
account of the United States Treasury
sinking fund. Since commercial banks
and other investing institutions were
Offering Governments in fairly Sizable
amounts, the turnover was considerable
and it accounted for about half of the
bond trading on the Stock Exchange.
Municipal issues were still strong,
with New York State As reported b.C
on 345 per cent basis. Westchester
County sold $2,543950 3 per cent cer-
tificates of Indebtedness dated June S,
1888. These are to be reoffered on a
$50 per cent basis. This is an excel
lent Illustration of the current demand
for short-term municipals.
The new bond pool-it is still in the
organization stage, and it is doubtful
whether the Bankers Committee in
charge will take definite action before
the end of the week-will conflne its
activities to prime railroad, industrial
and utility bonds. BY creating a de-
mand for these, Wall Street believes,
the pool will enable various corpora
tions needing funds to sell long-term
bond issues currently being held off
the market. In anticipation OF such
buying, spectators and investors were
bidding briskly today for bonds like
Atchison general As, Norfolk & West
ern 4s, American Telephone 5s, Con-
solidated Gas Sis and AIS. Standard
Oil of New Jersey IS and General Mo-
tors Acceptance 6s.
Evening star., 1932-05-23
AFTER CALL
Bid and Asked Prices
BONDS.
PUBLIC UTILITIES,
MISCELLANEOUS

Barber & Ross. Inc. 6l2s.. so .
Chevy Chase Club 512s. .-.... 90 looi.
Columbia Country Club 5l2s... . 100 1903
w. NJ. Cold Storage 5S.. "a 80,
Evening star., 1932-05-23
MARYLAND TOBACCO PRICES.

BALTIMORE, May 23 (SpeclaD!-
Receipts of Maryland leaf tobacco last
week were the largest of the new sea-
son, totaling 1887 hogsheads, with sales
of 448 hogsheads reported, which con-
stituted the larger part of the new
offerings. Most of the receipts, how
ever, will not be eligible to be sampled
until after 30 days. but this will be
reduced to IA days after June IA. Stocks
in State tobacco warehouses total 18,412
hogsheads of leaf tobacco and $40 hogs
heads of ground leaves.
While there is some complaint be-
cause of blue mold and flies, according
to reports at the State warehouses.
most farmers have adequate plants and
are now getting ready to transplant.
Quotations today for Maryland leaf
per 100 pounds-Frosted and inferior,
2.00a4 so; sound to good common, 5.00a
1900; medium to good, 15.00a30 90;
good to fine red, 30.00a39 90; fancy,
SO. .OOa4000. Seconds-Common to me-
dunn, 4.00a15.00; good to fine, 16.00a
$500; 1881 crop ground leaves, 2.00a
1900. Upper country, hurley, nominal.
Evening star., 1932-05-23
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, May 23.-The following
is summary of important corporation
news prepared by Standard Statistics
Co., Inc, New York, for the Associated
Press:
Amoskeag Manufacturing Co. incom-
ing orders unsatisfactory; has curtailed
operations.
Durham-Duplex Razor Co. declared
quarterly dividend of rs cents on 81
prior preference stock; paid so cents
March /.
Gold Dust Corporation earnings in
first four months covered current divi-
| dend rate.
Hiram Walker G ooderham g. Worts,
Ltd, declared 25-cent initial quarterly
dividend on preference stock.
New York & Richmond Gas $6 pre-
ferred share earnings quarter ended
March 81, 1882, s4.75.
Paramount-Publix Corporation-Re-
ported negotiating sale of Famous Play
ers Canadian to Canadian group.
United Cigar Stores of America
Bankruptcy receiver appointed for
United Stores Realty Corporation, a real
estate subsidiary, by Federal Court, New
York
United States Gypsum Co.-Gets or
der for 10 trucks and 10 trallerS; over
500, 900 involved.
Atlantic, Gulf g. West Indies Steam
ship Lines to establish Baltimore-Rer-
| muda passenger service.
Commercial Credit Co.-Subsidiary
gets exclusive contract to finance Ford
car sales in Canada.
Crucible Steel Co. Of America-Em-
ployes strike at Jersey City plant be-
| cause of wage cuts.
Fox Theaters Corporation-Receive
ship action filed against company by
stockholder; alleges Misrepresentation Of
assets and nlismanagement.
North American Aviation, Inc, sub
sidiary. Eastern Air Transport, to dis
! continue New York-Washington airmail
night line.
United Shoe Machinery common
1882, 1894, VS.. $3.31 in year ended Feb
ruary 2o, 1881
American Woolen Co.-Wages at
Wood Worsted Mill to be cut 20 to rs
per cent.
Consolidated Railroads Of Cuba took
no action on preferred dividend ordi-
narily payable July L. paid so cents
April and $3.50 quarterly prior thereto
New York, Ontario & Western Rail-
way April net operating income, $685.
49, VS.. $72,548; four month, S675, ,043,
VS.. $352,861.
United Light & Power common share
earnings on average number Of shares
outstanding, IL months ended March
81, 1882, Sill, VS.. v$1.78.
Delaware, Lackawanna & Western
Railroad April net operating income off
30.5 per cent, four months of 229 per
| cent
Motor Wheel Corporation deficit, quar-
ter ended March 81, 1882, $228, 500, VS..
net income s44,792, equal to 5 cents a
common share.
Evening star., 1932-05-23
Grain Market
By the Associated Press

By the Associated Press.
CHICAGO, May 23.-Enlarged specu-
lative buying. together with extra bull.
ish news regarding domestic Winter
crop prospects, sent wheat prices up
ward today, the fourth day in sue
cession.
A decrease Of / 1854, 900 bushels in the
United States wheat visible supply was
contributing incentive to purchase,
the total stock in sight being now 169.-
555.000 bushels, against 191 408, 900 at
this time last year. Scattered export
business was noted, including some
United States hard Winter wheat for
Greece
Wheat closed unsettled 13s-1s4 above
Saturdays finish; corn, 3s-9s up: oats,
la-7s advanced, and provisions un-
changed to a rise of cents.
Evening star., 1932-05-23
CHICAGO DAIRY MARKET.

CHICAGO, May % P-Butter.
receipts, l2,784 tubs; steady: creamery
specials (93 Score), 1714; extras C92),
1634; extra firsts (90-9D, 16a161a;
firsts (88-89), 15al512; seconds 49,
carlots), 1924.
: s-Receipts. 43.Oo5 cases; weak;
extra firsts, 1872; fresh graded firsts,
II; current receipts, 11-11H4; storage
packed frsts, 1872; extras, 1884.
Evening star., 1932-05-23
Markets at a Glance

NEW YORK, May % R)-Stocks
steady; leaders move narrowly. Bonds
irregular; United States Governments
improve. Curb steady; oils firm. For
eign exchanges steady; sterling firm.
Cotton higher; strong wheat market;
local buying. Sugar quiet; trade buy
ing. Coffee higher; foreign buying.
CHICAGO, May % GP)-Wheat firm
decreased visible stock; bullish South
west crop estimate. Corn firm; synpa-
thy upturn wheat; steady foreign mar
ket. Cattle steady to lower. Hogs
lower.
Evening star., 1932-05-23
New York Cotton
pecial Dispatch to The Star

special Dispatch to The Star.
NEW YORK, May 23.-In sympathy
With an advance of cent and a half
a oushel IN wheat and influenced by
belated covering of May contracts be-
fore trading ceases tomorrow noon
prices on the cotton exchange today
advanced to best figures of the past
two weeks and closed Z to s points
higher than Saturday.
Demand for May contracts reduced
the discount on the spot month to 4
points under July in closing trading.
Spots were advanced 10 points to SOS.
Cotton range:
Evening star., 1932-05-23
Washington Stock Exchange
SALES.

Washington Gas IS "A"-S50O at 90.
Washington Rwy & Elec. 4s-Sl 900 at
1924, 81 900 at 1884.
Capital Traction Co.-l0 at 1874.
AFTER CALL.
Washington Gas 5s-S1 900 at 101.
Capital Traction Co.-l4 at 1212.
Evening star., 1932-05-23
PARIS BOURSE PRICES.

PARIS, May % P.-Three per cent
rentes, 73 francs 20 centimes. Five per
cent loan, 96 francs 35 centimes.
Exchange on London, 90 francs %
centimes. The dollar was quoted at Is
francs 1914 centimes.
Evening star., 1932-05-23
New State Financing.

NEW YORK, May % (P).-Only four
fotations of s1,000,000 or more are in
cluded in the weeks total of S9324, ,749
in new State and municipal financing
scheduled by 38 communities, according
to the Daily Bond Buyer. The total
for the past week was S57, TAG.
Evening star., 1932-05-23
BALTIMORE STOCKS.
Special Dispatch to The Star.
BALTIMORE, May %

4oOo United Rwy & Elec 1st Is.
Evening star., 1932-05-23

Ovidend rates in dollars based on last
diEidend " Partly extra 1Plus ~ in stock.
stpct tpatyaoie N 5,rc cash or stock. Payable in
IN stock. Plus 60 in stock, h Plus IL
IN stock Plus 40 in stock. Plus l0Se
IN STOCK. m Plus 80 in stock Plus &C. in
STOCK Paid last year-no regular rate