davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-07-17
Currencies Compared.

OF the 90 countries included in this
table. the currencies of mere than half
are quoted at or above parity compared
with the present value of the British
pound, while the discount in relation
10 the American dollar varies for the
same group of countries from 1875 per
cent, in the case of Canada, to 34.1 for
Norway.
Ecuador occupies second place, the
discount of her currency N the Ameri-
can market amounting to 20 per cent,
while the sucre is quoted in London at
premium of close to 9 per cent. While
Ecuador may not be very important
commercially, in times OF general buSi-
ness uncertainty every little counts.
This South American republic finds it
much cheaper and more profitable to do
business in England than IN the United
States
The same is true of the Scandinavian
countries. which hold 4 much more
prominent position in world commerce
than the southern republic. Their cur
rencies are practically at par in rela-
ton to the pound. while the discount
in New York amounts 10 34.1 per cent
for Norway BIS for Sweden and 272
for Denmark.
As to the Far East, the currencies
of Siam. India, the Straits settlements
and New Zealand are practically at
parity with the pound. but at dis
count in New York ranging from 237
to 33 per cent The situation in Au-
stralia and Japan is somewhat less ia
vorable to Great Britain, but much
more unfavorable to the United States.
The yen is quoted in London at dis
count of 22.6 per cent against one of
438 per cent in New York, while the
Australian pound is selling at 80 per
cent of parity in Great Britain against
588 in New York.
The situation as regards Latin Amer
ican countries, where America made
such rapid strides In the field of eco
nomics during and after the war, is
of especial interest. While in some
cases, Latin-American exchanges are
quoted in New York ct substantially
less than half their gold parity, the
most marked depreciation In relation to
the pound is found in the Uruguayan
peso, amounting to 37.1 per cent.
1t is obvious that American manu-
facturers and exporters will watch with
much interest developments at Ottawa,
since decisions reached there may have
profound effect upon the future of
American foreign commerce.
(Copyright. 1892, by the North American
Newspaper Alliance, 1nc.)
Evening star., 1932-07-17
Conference in Canadian Capt.
tai Will Exert Influence on
American Trade.
POUND HOLDS ADVANTAGE
IN WORLD MONEY MARKET
Discount on British Currency Has
Facilitated Commerce Between
England and Other Nations.
BY DR.. MAX WINKLER.
Special Dispatch to The Star.

special Dispatch TO The Star.
NEW YORK, July 16-The eyes of
American business men, merchants and
manufacturers are turned toward Otta
va where representatives Of the various
parts of the British Empire will con-
vene tomorrow to decide, among others,
on policies designed to further inter
empire trade. The future trend of
American commerce and the possibility
of its expansion to an appreciable ex-
tent will depend upon the outcome of
the conference.
One of the handicaps the United
States faces is the exchange situation.
Quoted at parity. the American dollar
is at disadvantage competing with the
pound sterling, for decades the emblem
Of international credit AS a result Of
the abandonment of the gold standard
by Great Britain, the pound declined to
ABOUT 10 per cent of parity. With
larger number of other currencies SELL
ing at a material discount. trade be-
tween England and her neighbors is
greatly facilitated
Take for example the case of Den
mark. Compared with the dollar, the
krone is down to less than 73 per cent
OF par, while the shrinkage compared
with the present value of the pound is
only l per cent. In other words, Den
marx pays, as it were, S137 for every
81 OF business with the United States,
out gets dollars worth for every dollar
OF business with Great Britain.
Currencies Compared
The subjoined table gives a list of
the position of currencies in a number
OF foreign countries and the extent of
their depreciation IN relation to the
American dollar and the pound sterling
Value OF CURRENCY in per cent in relatinr 10
Evening star., 1932-07-17
STEEL PRODUCTION
SHOWS SLIGHT GAIN
Ingot Output of United States Mills
Rises to 16 Per Cent of
Capacity.
BY the Associated Press.

By the Associated Press.
NEW YORK, July l6.-Actual buy
ing of steel continued slow this week.
although ingot production increased to
16 per cent of capacity following re-
sumption of some mills that shut down
for the holidays. Automobile and rail
buying were disappointing, and struc-
tural bookings wer, smaller, but impor-
tant building awards are expected.
Continuance of seasonal GullneSs is be-
lieved likely for a while, but present
demand Is believed to be below actual
requirements, that larger demand, it Is
pointed out, must follow regardless of
general conditions. Pig iron remained
dull and unchanged, with inquiries
limited to carlots.
Copper was quiet and unsettled.
Domestic sales for July-August ship
menr were reported at 5H4 cents, Con-
necticut Valley The export situation
is weak, with japanese selling at 434
cents c. I. F. European ports. Con-
Stunning interest is small, demand COM
ing in small lots Surplus stocks of
copper in the United States were re-
ported sufficient for 1S months con-
sumption.
Evening star., 1932-07-17
H0ARDERS RESUME
BUYING Of STOCKS
Banker Reports Money Is
Now Finding Way Back
Into Market.
BY BERNARD S. O'HARA.

NEW YORK, July 16.-A banker was
discussing currency hoarders.
Lets not Judge them too harshly," "
he said, for most of them seem to have
repented and turned their money back
into circulation at a time when it ac-
complishes mere for industry than
might have been accomplished when it
was boarded"
He went on to explain that several
clients had within recent weeks come
to bank vaults to withdraw their buried
gold ard currency for the purpose OF
putting it to better use.
Most of this money" said the
banker, was taken out of circulation
during the financial crisis of last Au-
tumn. OF course the boarding didn't
do the country any good but now that
it's coming back, with much of it going
into securities where StabiliZing infiu-
ences are so sorely needed, we ought to
be in a good mood to forgive the
toarderS.
Neither should we overlook the fact
that if those who started to hoard
money in the Summer Of 1881 placed
it in securities at that time they would
have suffered severe losses. The fact
that so many are willing row TO place
their funds in securities leads me to
believe that the wave of SO-called
boarding of that period was simply a
mass move toward self-preServation,
with a good deal Of unconscious wisdom
behind it.
L could sympathize with the client
who few days ago took $4,000 in
currency out of his vault to buy securi-
ties that he liked but was afraid to buy
last Summer He bought General Mo-
tors around So a share, or about one
fourth of the price ne would have paid
had not the uncomfortable desire to
bury his money seized him az that time.
He also bought other stocks al fractions
of their last Summers value"
Evening star., 1932-07-17
|NSTALLMENT SALE
POLICY APPROVED
Mems Clothing Stores Oppose
Proposal of AlI-Cash
Basis.
BY F. A. RESCH.
Written for the Associated Press.


CHICAGO, July 16-About 200
representative" mems clothing stores
Throughout the country have been asked
whether this is a good time to switch
from a credit to an all-cash basis for
retail trade, and most of them answer
no
Sixty-four per cent of the stores in
this survey by the National Association
of retail clothiers and furnishers report
they operate on a credit basis and op-
pose the idea of changing to all cash.
Credit Held Necessary.
On the other hand. SO per. cent in
dicate belief this is as good time as
any to make such change, and l3 per
cent say they recently have inaugurated
an all-cash policy.
Stores which oppose elimination of
credit contend such a step now would
bring losses in sales volume, that the
best way to get available business is to
extend credit. and that the customer
needs credit today as badly as the
merchant himself.
Many credit customers, these deal
ers say, are living on a budget plan
which would make it impossible for
them to change to a cash basis. They
argue credit is a force which may be
used to get business where cash appeals
fail, and that it would be impossible for
a single store to "buck the current" in
cities which are essentially credit COM
munitieS.
Clothing stores which already have
changed to a cash basis, however, cite
their new policy as an excuse for not
extending credit to doubtful accounts.
Credit accounts now in arrears, they
contend, will become increasingly diff
cult to collect.
Only by operating on cash basis,
these dealers say, can quality merchan-
disc be offered at the lowest possible
price. Stores having credit customers
in arrears, they argue, are losing these
customers to cash stores.
Effect on Sales.
Sales losses between 10 and 20 per
cent of their former volume are reported
by stores which have abolished credit
recently.
Forty-two per cent Of the stores
studied say they still invite credit ac-
counts, but So per cent say they do not.
About Is per cent make use Of such
extended credit as the 10-payment plan,
while the big majority attempt to en-
force the 30-day system.
In study Of collections it was found
that some stores collect only about 10
per cent Of outstanding accounts during
the first 80 days after sales, while 9TH
ers collect as high as so and rs per cent.
Evening star., 1932-07-17
HALTING OF DIVIDENDS
DISTURBS WALL STREET
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. July 16.-When the
Wisconsin Public Service Commission
Friday ordered that seven utilities in
that State could not pay dividends on
their common stock until an investiga-
ton had been completed, it stirred up
plenty Of discussion here. If such
dividend declarations impaired capital.
the commission was right, Wall Street
argues, but If the companies are paying
dividends out of earnings, the commits
sion has seriously injured their credit
Utility bankers and lawyers here
doubt the constitutionality of the COM
missions action, but others point out
that it had precedents in the Rochester
Gas & Electric case handled by the
New York Public Service Commission
and the Birmingham Gas case recently
decided by the Alabama commission.
Evening star., 1932-07-17
Small Investors
Increase Rapidly
In Last Two Years
By the Associated Press.

BY the Associated Press.
NEW YORK. July 16-Figures show
that despite the bear market in Sc
curity prices the total number of small
investors has substantially increased.
A study of 48 representative Ameri-
can corporations, made by De Coppet
& Doremus, New York Stock Exchange
firm, shows that 2,257,637, or 88 per
cent. of total of 2,565,250 of the
companies common stockholders own
odd lots. Odd lots are less than 100
shares accepted as the trading unit in
Stock Exchange transactions.
At the end of 1929, the survey shows,
the same corporations had 1,57l,863
Cdd-lot holders. In the tWo-year period.
ending last December 81, their number
increased by 685,774, or A per cent. In
the same period, the number of holders
Of 100 shares or more increased 67,9l5,
or % per cent.
Evening star., 1932-07-17
Re-Tooling Operations.
Export Agreement Reported.

HAVANA, Cuba, July 16 P.-Men-
doza g. Co., brokers, announced they
had received a report that the Inter
national Sugar Conference at Ostend
Belgium, had reached an agreement to
allow Cuba to export 100000 tons to
EUROPE. This figure, the report said,
renresented compromise between
Cuba's demand forS ,o21 900 tons and
the desire of other Nations to limit the
quota to $4,000 tons.
Evening star., 1932-07-17
SURPLUS AND PROFITS.

NEW YORK, July 16 (P).-Adjust-
ments in connection with June 80 con-
dition reports resulted in a decrease of
S92, ,660, 200 in the aggregate of surplus
and undivided profits of Clearing House
member banks, it was disclosed in the
associations report for the week ended
today. In banking circles it was said
that such adjustments probably repre-
sented the setting up of reserves for
contingencies, such as bad loans and
losses on investments. The aggregate
item was reduced from 81 ,015, ,846, 200 to
$923,186, 900 and decreases of the indi-
vidual banks Aontributing to the drop
ranged from $1,000. 900 to $26.000,000.
Evening star., 1932-07-17
SILVER QUOTATIONS.

NEW YORK. July 16 (F-Bar silver
easier and !!s lower at 263s.
Evening star., 1932-02-29
Hoov zveH do you
know your grocery store?

There's scarcely a food you can
mention, no matter how rare a deli
cacy, which your grocer cannot
supply from his stock of canned
foods. Look around his store next
time you're there-it's truly treas
ure trove of new and different food
ideas. Monotony? In canned foods
there's no such word.
Evening star., 1932-02-29

IF you feel monotony stealing into
your menus, go to your grocery store
tomorrow on voyage of discovery.
Perhaps you think the foods you
know and use so often are the only
ones that come in cans. Well, there
are over 200 canned food products
to tempt the appetite, and bring
variety and balance to your meals.
Evening star., 1932-04-14
JUDGE CURRY TO HEAD
BATTERY PARK CITIZENS
By STAFF Correspondent of The Star.

BY staff Correspondent of The Star.
BATTERY PARK, Md. April IA
Judge R. Granville Curry of the Mont
gomery County Juvenile Court was
elected president of the Battery Park
Citizens Association, Inc, at a meeting
Tuesday night
Other officers elected we're: Comdr
w. H. Porter, vice president; Ray E.
Brown, secretary; w. j. Norf1eet, treas
urer, and T. Hardy Todd. counsel Di-
rectors named were Capt. Frederick o.
Smith. Comdr r. F. Jones, Reginald
B. LOCKER and Mrs. Grace E. Pariseau.
Col. Joseph L. Gilbreth, Capt. Smith
and Judge Curry were elected delegates
to the Montgomery County Civic Fed
Grafton and Preston C. Alexander, John
w. Clark and Ray z. Brown were
named alternates.
Evening star., 1932-04-14
WHITE HOUSE CALL
.MADEBYDELEGATES
Mrs. Hoover Receives Men,
bers of Society of Daugh-
terS of Patriots.

Delegates to the Thirty-fourth Gen
eral Court of the National Society of
Daughters of Founders and Patriots OF
America were received by Mrs Herbert
Hoover at the White House this after
noon at 1890 o'clock. following busi-
ness session in the Washington Hotel.
The session was featured by reports
OF national officers and the nomination
OF councillors, three to be elected this
afternoon. Those nominated are Miss
Margaret Fraser of Illinois, Miss Ruth
Lawrence of New York, Mrs. George M
CIrin;es of the District of Columbia and
Evening star., 1932-04-14
Children's S Oxfords. 81
Were SI.65 pair

" ere yI.65 poIr
so pairs Children's Patent
Leather Oxfords; for boys
and girls. Sturdy shoes,
finely made. Sizes 6 to II.
40 pairs ChiIdren's and Junior
Misses Pumps and Oxfords,
in several styles; broken
sizes. Were 1895. Now SI.95
80 pairs Boys Blucher OxfordS,
in tan: with sturdy Good
year welt soles. Broken
sizes. / to 6. Were Sass.
NOW 81 15
Evening star., 1932-04-14

Mrs. Drury Conway Ludlow of Alabama
The officers making reports were
Mrs Henry Bourne Joy, president
Mrs Howard l.. Hodgkins. vice presi-
dent: Mrs. Henry M Robert. jr.. re-
cording secretary: Mrs. Thaddeus M
Jones, corresponding secretary; Mrs.
Eugene Darrach, organizing secretary.
Mrs Frank Leon Mason. registrar: Mrs
Robert j. Johnston. treasurer; Mrs. Al
vim Valentine Lane, historian and Mrs
Clyde B. Atchison, color bearer.
Elections and adoption of resolutions
were to take place this afternoon.
The delegates to the court partici-
pated in an elaborate Bicentennial
celebration last night. in charge of
Mrs. Albert N Baggs Of this city.
Evening star., 1932-04-14

other items, but that these funds are
entirely beyond their control and it is
not possible to make any savings in that
direction.
1t was recalled also that expenses of
the local Guard have been running
about $4,000 annually under the pre-
war costs.
If the proposed slash in appropria-
tions is effected and the Government,
in addition, puts in an independent
wage cut. the permanent employees of
the Guard, it was pointed out, will be
hit twice.
Evening star., 1932-04-14
PUBLIC SPEAKING COURSE

Lively interest manifested in the pub
lie speaking course sponsored by the
Southeast Community Center group as
sures the success of the innovation, Off
cials of the organization said today
Forty persons attended the second meet
ing of the class at the Buchanan School
Thirteenth and D streets, last night,
and participated in the formal speeches
and open discussion which followed.
The course is being given by H. c.
TYLER. 2lO6 First street, and is open to
the public.
Evening star., 1932-04-14

which was moored alongside the Tech,
was burned to the waters edge. It was
owned by william Crenshaw Of Balti-
more. who did not estimate his loss.
Officials of the shipyard said that the
origin of the fire was unknown. 1t
started in the rear of the Tech while
five members of the crew were in the
forward cabin Everett Creighton, one
of the crew, discovered the flames, and
was slightly injured in fighting them.
The Tech was presented to the State
last year and was dedicated by Gov.
Albert C. Ritchie last April 9.
Evening star., 1932-04-14
MARYLAND'S GIFT
YACHT IS BURNED
Flagship of Conservation
Fleet, Presented by Mrs.
du Pont, Is Destroyed.
BY the Associated Press.

BY the Associated Press.
BALTIMORE, April 1.-THE Tech.
flagship Of the Maryland Conservation
Departments fleet, was destroyed by fire
yesterday in a shipyard where it was
undergoing repairs
One man was injured in fighting the
flames on the l35-foot vessel, which was
presented to the State just year ago
by Mrs. T. Coleman du Pont Of Will
mington. 1t was constructed several
years ago for the late Senator Coleman
du Pont at a cost of $3.50. 900
A smaller yacht, the 90-foot Jane,
Evening star., 1932-04-14
Wash Frocks, Csc
Were S2.95

so Wash Frocks, in colorful
prints; several styles, with
short sleeves. Soiled and
muSSed.
IL pairs Corduroy LounEing Pa
iamaS. in one-piece style
Sizes l6 and II. Were SO. 9S,
Now NJ OK
25 Dresses. of light-Weight WOOL
lens: broken sizes. Were
S2S5, S3.e5, and IS 95.
Nnu Ok
Evening star., 1932-04-14
DIES AFTER PLANE CRASH
Another Seriously Injured as Craft
Goes Into Spin.

CHARLOTTE. N. c.. April IA GP).-
Albert Peterson, 81, of West Bend,
Wis, died in a hospital here yesterday
from injuries suffered Tuesday when
an airplane in which he was riding
went into a spin and crashed on golf
course near the city.
Lloyd Dees of Glover. S. C., stu
dent, who was said to have been at the
controls of the plane, was seriously in-
jured. but is expected to recover.
Evening star., 1932-04-14
Juniors Silk Dresses
S3.95 Were $5.S5

10: in gay prints and plain
colors; many attrac ctive
STYLES. Sizes l3. IS and IT.
5 Junior Misses Spring Coats,
in light and dark shades.
Sizes l3. IS. and II. Were
SIS so. Now ..-.... SS.! -
IS Girls Wash FrOcks, in plain
colOrs and prints; some
soiled at the neckline. Sizes
TO 10. Were sl95.
Now Is
10 Printed and Plain Color wash
Frocks for girls. Broken
sizes, 7 to 10. Were 81 so.
10 Girls Wash Frocks; slightly
soiled. Broken sizes. Were
Evening star., 1932-04-14
Fireman Saves Girl From Gas.

Overcome by Illuminating gas while
visiting her sisters apartment at 7019
Georgia avenue this morning, Miss
Genevieve L. Fritts. %, of the 7400
death by fireman. who detected the
odor of gas when he was returning to
his home in the same apartment build
ing.
Evening star., 1932-04-14
Garter Brassieres
JSc Were $I.95

81 Garter Brassieres, in sew
eral styles; all with 4 hose
supporters. Sizes SO, SO, AZ.
81 Side Hook Girdlesi several
styles. Sizes 27. 29. 81, and
80. Reduced to...... .95c
Evening star., 1932-04-14
Little Girls Dresses
and Little Boys Suits
soc Were 58c

IS; for girls and boys, 2 to
6. Included are several styles
for each: good quality fab
rics. Slightly mussed.
80 Dresses and Suits, for little
boys and girls. Sizes 2 to 6.
Were 81 Now Csc
81 Little Girls RayOn Slips, in
pastels; daintily trimmed
with lace and hemstitching.
Sizes 2 TO 6. Were 81.
NOW .............,..-. 65c
43 RayOn Slips; sizes 2 to 6.
Were 75c. Now ...... 38e
S2 Gowns, OF crepe and muslin.
Sizes 2 TO G. Were 81.
NON +pf1
THE DOWN STAIRS STORE
Evening star., 1932-04-14

Sizes IA to 20.
in tan. green. black. and blue.
Were Sass and 1885 Now. S1.95
in tan. red, green, tile, and black.
Were 1895 and s5.95. Now s1.95
Evening star., 1932-04-14

80 pairs Pumps and Oxfords
some Arch Support styles. Brt
50 pairs Women's Slippers, in
cludinR several styles OF
mules and D'Orsays; soiled.
Manufacturer a m p S,
that would regularly sell
for SO to IS; small sizes.
Special ...........S S1.45
Evening star., 1932-04-14
Women's Pumps and Oxfords, S1.65
We're $685. to sos pair

20 pdIr
able styles; included are
pairs W0men's Shoes, in
Guiding smart pumps and
ties. in several styles and
feathers. Broken sizes. Were
s3.95 and IS. Now. .S2.95
Evening star., 1932-04-14
Silk Costume Slips, Csc
We're SI.95 and S2.95

Were yIS5 and SZS5
Lovely French Crepe Slips lacetrimmed white and
tearose sizes "a to A in lot. Also limited number of
extra size slips with bui-up shoulders: flesh white
DOWN STORE
Evening star., 1932-04-14

styles, in pastel shades.
20 Sports Skirts
Sizes 26 to 80
Is Coat Sweaters
Sizes 36 to "A
N STAIRS STORE
Evening star., 1932-04-14
Women's Doeskin Gloves, $1.45
Were $I.95

WOmenS DOeSkln Gl0veS, Sl.45
Were $I.95
Pulon
634.
Is pairs wsmsn PuSn & GIsfs KID Gloves Sizes
Hand-Fmished Gowns, Csc w.,. S,
"a Cotton Gowns. O embroidery and
hand applique. Pink peach and white. Sizes II.
IS pairs Cotton Paama Tailored
piece
eHy sizes 10 10 ana and cotton
10 rsi TfPs Pe 81 NOV NOV SOC and White szes 36 to
We're NoW '0" N' 90 Nv" o'o
hyon OnderWeari IL in
ind che
81
Boys Athletic Union Suits
S:fs"air EisSer p,e.a of c1as. Ms." 35c-3 for 81
100 Boys Popular Athletic Union Suits
made in the of higher
the back, and taped necklne 8 to
Boys Sweater in BoysW SHIFTS with lopo
good
p9und and zee necks sizes Reduced
Evening star., 1932-04-14

l AfR.ErPeRse Sc
| Escorted Tours
| certain days
thfS sW gss Ess eF
Evening star., 1932-04-14

tyles for sports and dress. Several styles of
attractive mixtures Sizes IA to AZ in lot
Raincoats, OF rubberized tweed and jersey. T.
Sizes 40 AZ. and A.. Were IS
Now -. -. A2.
Evening star., 1932-04-14

l8: several one and
80 SIip-on Sweaters, in red, white, blue I
green. Were sl95 and 50. 95. Now
FL Blouses of cotton and silk, in several st!
"a to 30. Were sl.95. Now ............
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-06-16
Personals

Robert M. Collier Jr. left Wednes-
day for Los Angeles, where he will
spend the summer with his aunt,
Miss Sarah Keefe, formerly of In
dianapolis.
Mr.. and Mrs. Preston G. Rubbish,
3109 North Meridian street, are
spending the summer at Three
Lakes, Wis,
Mrs. Albert Rosenthal, 1850 North
Meridian street, has left to attend
the commencement exercises at
Wellesley college. Her daughter ia
net will be member of the gradu-
ating class. Miss Louise Block and
Mr.. Rosenthal will leave Friday to
attend the commencement.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-06-16
Dinner Parties
Will Feature
Lawn Festival

Numerous dinner parties will be
held tonight at the cabaret dinner
at the Propylaeum Club, which will
close the lawn fete festivities which
we're to be held from to this
afternoon.
Among the parties is one to be
given by Mrs. Benjamin Hitz, who
will have twenty-four guests. Mrs.
Robert A. Adams will entertain
twelve; Mrs. Edwin H. Forty, ten
Mrs. Arthur V. Brown, Mrs. Edison
T. Wood and Mrs. Walter C. Mar
mon, eight. Parties of six have
been arranged by Mesdames Jacob
Dunn, H. G. Hamer, M. A. Ryan,
William ]. Mckee, Albert Seaton
and Miss Sophie Casey of Wash
ington, D. c.
Mrs. Henry Dollman and Mrs.
Dorothy Goodrich will be\ Possesses
at parties of five. Smaller groups
will be entertained by Mesdames
Ralph Spann, Clarence Alig, Walter
Greenough, F. R. Kautz, Thomas
r. Kackley. Carl Russell Sullivan,
lie Roy Kahler, Thomas H. Spann
Walk and Miss l. Hilda Stewart.
Cards will follow dinner. The aft
ernoon party was featured by SUI
pervised games, treasure hunt and
other entertainment for members
and their families