davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-10-23
Bank Failures,
FAVORABLE TREND SEEN
IN U. S. TIRE EXPORTS
By the Associated Press.

By the Associated Press
The Commerce Department sees ia
vorable trend in United States exports
OF truck and bus tires.
For the first time in four years, ex-
ports of these tubes from the country
and Canada this year were higher in
the midyear months of July and Au-
gust than in the January February Pc
Rod, the department said.
In 1929, the first two months of the
year showed shipments Of 1887 tires
as compared with 81, ,4s2 in the Mid
summer months. In the following year
the comparative figures were l42,507
and 125,706 last year they amounted to
90, 9,120 and 82,814, respectively. while
this year figures which have just become
available show that the present July
and August exports were 45,444 units,
while the January February total for
the United States and Canada was only
43,977.
As more than 80 per cent of all Ca
madam tire manufacturing plants are
connected with United States COM
panies, the apparent check in the down.
ward trend Of exports is believed by the
department to be q hopeful sign, sug-
gesting . definite turn for the better
has taken place.
Evening star., 1932-10-23
TRADE FORECASTS
TAKE BRIGHT TURN
Industrial Leaders Believe
Nation Has Weathered the
Economic Storm.
BY the Associated Press.

BY the Associated Press.
NEW YORK, October 22.-The life
Of the weather man is said at times
to be trying, but business prognostica-
tors believe their lot is much the
harder of the two.
Now that the country has enjoyed
a measurable degree of business pick
up, although in most cases apparently
of seasonal dimensions, the business
forecesters are working overtime to
make correct reading of present busi-
ness barometers.
A number of authorities have en-
tered their findings on the public
record:
Myron c. Taylor, chairman of the
board of the United States Steel Cor
poration. said some weeks ago that
buying could not long be deferred.
This week. the Westinghouse Elec-
trio Co., while reporting a $2,715, ,0OC
deficit for the third quarter Of this
year, found reason for cheer because
from a careful analysis of the gen.
eral business situation, the management
has no hesitancy in stating that the
turn for the better has been made
The private banking house of Leh.
man Brothers conducted a telegraphic
survey OF business opinion and reached
the conclusion that the worst had been
seen.
Standard Statistics Corp sent in.
vestigators to scan the country's busi.
ness field and to ask questions of $50
leading business executives. This or.
ganization concluded that the crisis oi
the depression and the low point o.
business activity were passed early last
Summer" Slow gradual and irregular
improvement. subject to some disap-
pointing setbacks, was the forecast
based on this study.
Wall Street cherishes the answer oi
the late George F. Baker to a question
as to how he felt the business tide was
going.
Wait until three months after the
tide has turned for the better" he said
Il never know that business has i'm
proved until three months after the turn
has actually occurred"
Evening star., 1932-10-23

is the best showing made by the In
dustry in more than 10 months, and
an advance in price has been made
for the first time In nearly three years.
Converters who had been going
through q rather dull period had q
furry of orders this week from the
leading cutters-up Of shirting fabrics.
Their purchases showed an appreciable
increase in the better grades Of fab
RIGS, and q decided favor for fancies.
For many months the sales of over
coatings have been dragging. but dur
ing the last two weeks orders have
been received in such rapid succession
that the market Is nearly sold out of
heavyweight goods, and deliveries on
current orders cannot be made before
late in October Sellers look for a
repetition Of the situation last year,
when clothing manufacturers continued
the cutting Of overcoats well into No
vember.
A drop of 235 per cent in the stocks
OF cotton cloths on hand with mills in
September is accounted for by the con-
tinuing large shipments and the demand
for spot goods. The total recorded at
the end of the month was the lowest
ever known. and was 100000 yards
less than the five weeks production in
September. Fall River and New Bed
ford textile mills are more active at the
present time than they have been for
eight or ten months. New England mills
in general are exceptionally well occu-
pied. chiefly on rush orders to be COM
pleted by the end of the year.
Other Gains Noted.
Manufacturers Of machinery have
been selling more textile machinery, q
reflection of the general betterment in
the textile industry Chemical manu-
facturers note gradual increase in num-
Der of orders and a marked pickup in
the number of inquiries. Manufacturers
of enameled products are booking con-
siderable business from both old and
new accounts, and conditions in this
industry look favorable. except for the
continued Slowpess of collections Man.
ufacturers Of tobacco products are COM
pletely oversold in some instances, and
although now running "a hours a day,
are some six weeks behind with their
orders. The automotive industry con-
tlnues to lag, but parts and accessories,
especially tires, are in fair demand.
There has been almost no improvement
in the movement of railroad equipment.
Decreasing stocks are expected to i'm
prove the status Of the petroleum in
dustry by halting further price declines.
Evening star., 1932-10-23
INVESTMENT BOND
PRICES HOLD FIRM
Prime Group Still in Demand,
but Speculative Issues
Show Losses.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, October 22.-Measured
by the averages, the bond market was
steady during the past week. But
when more closely analyzed it will be
noted that bonds have again developed
divergent trends-that high grade
corporation and United States Govern
ment issues have climbed day by day
to successive new tops, while junior
and speculative corporation bonds have
slumped continuously into lower and
lower ground
In the speculative descriptions. more
than three-quarters of the advance OF
July and Augu-t has been shorn away
Another significant phase of the invest
ment market situation is that new
capital issues have again fallen to
abnormally low proportions after a
period stretching over several weeks
when conditions were favorable for
high grade emissions.
Business improvement.
In examining the background Of the
factor Is the stock market. which for
two months has been fluctuating in a
narrow range but with a persiStently
downward trend. Behind this un-
doubtedly lies political uncertainty. fol
the factors that were the cause of the
Summers recovery still exist. The
business improvement that was then
being discounted has eventuated. to a
degree, its very slowneSs proving well
come to the conservative sections OF
the financial district. Railroad traffic
is increasing at a time Of the year
when it usually decreases. Light in
dustry is doing we'll and heavy in
dustry is hopeful. But the markets
evince little desire to respond to con-
structive news until after the election
Speculative railroad and industrial
bonds have shown little tendency tc
recover any of the ground lost since
the peak was reached late in August
Tangled situations that overhang this
section of the market remain unsolved
although in some cases the ministra-
tions of the Reconstruction Finance
CORPORATION have revived confidence.
The course of business after the
election will be watched closely by those
who believe that major crises in the
speculative sections of the railroad
utility and industrial investment mar
kets have been merely postponed until
the voters have made their decisions.
Foreign Securities.
Foreign dollar bonds did little all
week. The most encouraging develop
ment was the firmness of German gov
eminent bonds. There are evidently
many who believe in the stability Of
Germany, believe in it to the extent
Of putting their money into the Reich's
obligations Other European bonds have
been firm, but the future Of this market
rests almost wholly on what is accom-
plished at the world economic confer
ence this Winter and on a solution oi
the disarmament deadlock
A sharp break in sterling exchange
quickly checked by the English au-
thoritiss-was followed by a bearish
speech by Montagu Norman, governor
of the Bank of England. 1t was en-
couraging to find that the London
markets paid little heed to either de-
velopment. Canadian exchange has
recently been pushing higher, carrying
with it Canadian securities.
(Copyright. 1932)
Evening star., 1932-10-23
CUT IN STEEL PRICE
MAY BRING ORDERS
Industry Makes Concession at Time
When Railroads Usually Make
Annual Purchases.
Epecial Dispatch to The Star.

Srecial Dispatch to The Star.
NEW YORK, October 22.-The cut
of So a ton in the price of steel rails
from S43 to $40 was easily the outstand-
ing industrial development of the week
and marked one of the high spots OF
the year.
Changes in rail prices come infre-
ouently In this particular instance
there has been no revision in almost
10 years. =,
Rare as is a change in the steel rail
price schedule, the reduction this week
did not come as surprise. 1t was
foreshadowed by the private luncheon
given Wednesday by Myron G. Taylor,
chairman of the United States Steel
Corporation, to executives of nine large
Eastern railroads. That an effort was
being made to stimulate railroad buy
ing of steel was plain. 1t also was
obvious that if anything would stimu-
late demand for rails, price cut would.
It is no secret that railroad executives
had intimated in times past to steel
manufacturers that one way to increase
rail-buying season. The question now
tractive price The present was an op-
perfume moment to make cut, for the
reason that the industry Is entering the
rail buying season. The question now
is to what extent the reduction will
bring out latent buying orders.
<Copyyights 1eS20
Evening star., 1932-10-23
Canadian Carloadings Off.

OTTAWA. October % R).-Canadiar
carloadings for the week ended October
Is showed a decrease of 11,6l5 wher
compared with the corresponding week
year ago. According to the weekly
report issued today by the Dominion
Bureau of Statistics, the totals for last
week were 46,774, as against $3.50 fol
the corresponding week of 1881.
In the western division total load.
1881, while in the Eastern division the
figures were 26,194 and 35,3l9, re-
spectively.
The largest falling-off was in mis-
cellaneous freight, in which the decline
amounted to 6,515 cars, while mer.
chandise dropped by 1892 cars.
Evening star., 1932-10-23
FIRST PRIZE STEER
BRED IN MARYLAND
Results of Competition in
Baltimore Live Stock Show
Are Announced.
Special Dispatch to The Star.

special DlSpalCn 10 Inc Otar.
BALTIMORE, October 22.-Black
Angus cattle entries carried off all
honors at the live stock show at the
Union Stockyards which closed yester-
day.
Cattle exhibitors called the show q
black sweep" as all the champions
and reserved champions named by the
judges are black Angus stock. Bidding
was brisk among Baltimore meat
packers, who brought up good per-
cattle raised by the outstanding breeders
of the East, which were sold for ap-
proXimately S250,000.
Champion Brings IS Cents a Pound.
The grand champion of the show, a
16-month-old Aberdeen Angus steer,
bred and raised at Fox Hill Farms,
Fallston, Md, weighing more than 1000
pounds, went under the hammer at 76
cents pound.
The reserve champion. All Club
steer of the same breed, shown by
Thomas Anderson Of Marion County,
Va, brought Is cents pound.
A 15-head load of grand champion
cattle, shown by Briarcliffe. Pine Plains,
N. Y, brought SIG per hundredweight,
while reserve champion cattle shown
by Creswell Farms. Forest, Va, sold for
S12 per hundredweight.
w. R. Harvey. manager of the show,
said Maryland owners were delighted
with the results of the judging and
added that the competition was such
that Old Line cattlemen scarcely hoped
to make the showing they did.
The places of honor in the open
competitions for carload lots went to
cattle from New York, Illinois and
Ohio, with the exception of the re-
serve championship carload of fat cat
tie, won by F. H. T. Walton of Forest,
Va.
All Boys Win.
Smyth County. Va, hung up nine
ribbons. The All boys won the grand
championship for club steers or heifers,
the champion Hereford. the champion
Aberdeen Angus and five other prize
positions.
In the hog departments all except
one of the first places we're won by the
University of Maryland. The Susque-
hanna Farms. Pearson, Md. took first
place with its carload of SO fat hogs.
The pen of five fat hogs and the grand
championship went to the university.
West Virginia was the most outstanding
winner in the lamb department, taking
two grand championships and two first
places. Maryland lamb owners won
two third places.
Evening star., 1932-10-23
SHARP GAINS SCORED
IN PLANE BUSINESS
By the Associated Press.

By the Associated Press.
NEW YORK. October 22-During the
first eight months this year a total of
4,459, ,482 miles were flown with mail,
passengers and express, an increase of
5000, 900 miles over the total for the
entire IL months of 1880 and only
100000 less than recorded during the
whole of last year, the Aeronautical
Chamber of Commerce. Inc, announced
today. Passengers carried totaled 1885,
400, an increase Of Is per cent over the
same period of 1881. Passenger miles
flown in 1882 to date total 81 ole ,140, an
increase Of % per cent over the 1881
period.
Evening star., 1932-10-23
VIRGINIA IRON, COAL
REPORTS DROP IN NET

Virginia Iron, Coal & Coke Co. re-
ports for quarter ended September 30,
1882, net loss of s23,894 after deprecia-
tion, depletion, interest, etc. This COM
pares with net loss of $17,914 in preced-
ing quarter and net loss of $7,763 in
September quarter of previous year.
For nine months ended September 80,
1882, net loss was $52,585 after taxes
and charges against net profit Of
$85,317 equal to 10 cents q share on
100000 shares of common stock, after
dividend requirements on 5 per cent pre-
ferred stock, in first nine months of
1881.
Evening star., 1932-10-23
BUSINESS OPTIMISM
is HELD JUSTIFIED

1t is only reasonable to expect some
seasonal decline in business for the
remaining months of the year, states the
United Business Service This is likely
to be less than usual this year, how
ever. Despite political uncertainties
and other unfavorable factors, the gen.
eral outlook for business continues ia
vorahle. and moderate degree Of opti-
mism Is justified.
Evening star., 1932-10-23
Cotton Forwardings.

NEW YORK. october % R.-For-
wardings of American cotton to mills
this week totaled 365,000 bales, COM
pared with $4,000 last year, says the
New York Cotton Exchange Service.
The total for the season to date Is
2,766,000 bales, against 2,636,000 year
ago. --,
Movement of American cotton into
sight amounted to 678,000 bales this
week, while exports volume was a2l,ooo
bales.<
Evening star., 1932-10-23
UNEMPLOYMENT PEAK
is DECLARED PASSED

Special Dispatch to The Star.
BOSTON, October 22.-The number
Of unemployed persons has been reduced
by 100000 in two months, according to
calculations made by the Bureau Of La
Dor Statistics and the American Feder-
alton of Labor. This is confirmed by
the per cent increase in factory en-
ployment reported from July to Sep
tember. This is very favorable show
ing, the United Business Service points
out This service concludes that the
peak in unemployment has now been
passed. but states that the nurbsr ont
of work this Winter will undoubtedly b,
larger than a year ago.
Evening star., 1932-10-23
MARYLAND'S BANK
|. LAWS ARE STUDIED
Statutes Searched for Pos.
sible Changes to Be Urged
+ on Legislature.
Special Dispatch to The Star.


BALTIMORE, October 22.-Thorouet
study Of the State banking laws has
been undertaken by the Legislative
Committee of the Maryland Bankers
Association, with the view of recon-
mending any changes that may be
deemed necessary at the next session OF
the Legislature in January, according
to Charles Dudley of the Baltimore
Trust Co., chairman of the group.
AT the same time. it was recalled
that States Attorney Herbert R
O'Conor, in an address before the
States Attorneys Association of Mary.
land, stressed the need for more ade-
quate banking regulations in the State
Restrictions Urged.
Among the suggestions made BY
O'Conor were restrictions of the present
unlimited power Of bank officials to in.
vest in securities of doubtful value, pay.
ing unearned dividends to stockhoider.
and loaning funds on the security o1
the banks own stock
Mr.. Dudley said he could not com.
ment upon any specific proposed change
in the present laws.
"As yet We have no definite recon.
mendations to make" Mr.. Dudley said
We believe that this State has, funda.
mentally. very sound set of banking
laws. 1t has been many years since
they were first drafted, and it is quite
possible that there are provisions which
should be modified and brought up t.
date"
Mr.. Dudley said that without havins
gone into the proposal at any Rreai
length, he was favorably impressed with
the suggestion that the salary of thu
State bank commissioner be increased
In order to attract the highest calibel
individual possible to the position.
There is also no doubt whatever
that the office of bank commissioner
should be divorced as completely a;
possible from politics" M. Dudley said
Il don't think there would be much dis.
agreement about that.
Bank Failures.
Whether this could be practically
accomplished by extending the term
OF the commissioner to six years, am
not prepared to say at the present time. >
Mr.. Dudley said he could not attempt
to estimate how far the collapse of the
two banks In Baltimore could be blamed
upon any weakness In the present bank
ing laws or to any laxity in their en-.
forcement. He said he was not SUM-
GENTLY familiar with the situation tc
express an opinion.
Evening star., 1932-10-23
Industrial Output
Shows Good Gains
In Third Quarter
BY the Associated Press.

BY the Associated Press.
NEW YORK, October 22-Industrial
production in the third quarter. though
running 26 per cent below last year
made a definitely better comparison
than in the second quarter. said a sur
vey issued. by r. G. Dun & Co.
The Dun index of industrial activity
showed no seasonal third-quarter gain
in activity in 1880. and although rise
did appear in 1881, it was very mod
crate. The gain this year from 607
per cent for August to 62.4 per cent
for September was greater than that of
1881 and was the most substantial
third-ouarter rise in activity for the
last three years, the agency declared.
Evening star., 1932-10-23
STOCK TRANSACTIONS NOW
UNDER SEPTEMBER LEVEL
BY the Associated Press.

BY the Associated Press.
NEW YORK, October 22-Stock
transactions on the New York Stock
Exchange in October so far have run
considerably below the September level,
which in turn registered a considerable
drop from the peak volume of August.
Many brokers are not counting on an
early return to the August volume Of
more than 90 2,000, 900 shares.
Evening star., 1932-10-23
New Financing.

NEW YORK, October % (P.-New
financing, in the municipal category,
scheduled for next week, totals S15,-
968. .969, says the Daily Bond Buyer. The
largest item is an offering of $4,000, 900
State Of Missouri road bonds, set for
Monday. On Thursday Oregon will con-
slider bids on a $4,000, 900 veterans loan
issue at an interest rate not exceeding
6 per cent
Evening star., 1932-10-23
LOCAL BANK WOMEN
PLAN FALL MEETING

The Bank Women's Club will hold its
regular monthly meeting on Tuesday.
October Is, at Ivy Terrace, 1884 Con-
necticut avenue. Mrs. Mary Catherine
Lewis, of the Lewis Hotel Training
School, will be the guest speaker.
Evening star., 1932-10-23
Rubber Output Reduced.

NEW YORK, October % P).-The
Rubber Exchange of New York learns
that crude rubber production in Brit
ish Malaga declined during September
after increases in July and August.
Production last month was 3S,315 tons
against 36,408 in August.
Evening star., 1932-10-23
CLEARINGS COMPARED
IN SOUTHERN CITIES

The following table gives the clearings
in Southern cities for this week and
laet. together with per cent changes, as
compared with the same week of last
year:
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-06-18
Schrunk
BY MARGARET MARCiANT

Sunday evening in the Brethren
Mennonite church in schrunk. Miss
Anne Wahl, daughter Of Mr.. and Mr..
Philip Wahl. and Matt Schlecht of
Minot were married. The bride wore
a gown Of pink silk, with matching
hat and slippers Of pink. The brides
snail niece, Miss zelda Stroh, acted
as flower girl. carrying q bouquet of
roses. Mrs Schlecht was graduated
from the McClusky high school. She
taught Schrunk School No. in 1927.
After graduating from high school
she attended the teachers college at
Valley City. Many relatives and
friends Of the bridal couple witnessed
the ceremony. A wedding supper was
served to about 400 friends and rela-
tives at the brides home following
the ceremony. Mr.. and Mrs. Schlecht
will live on farm near Minot.
Edward 6troh called at the Emil
Zelmer home Tuesday afternoon. He
was accompanied by Mrs. Zelmer to
the school officers meeting at Bis
marck.
Mr.. and Mrs. Adolph Bender and
daughter, Edward Stroh and George
Berg were Tuesday callers at the r
G. Marchant home.
Thomas Novak motored to Wins
Wednesday forenoon.
Mr.. and Mrs. Roy Marchant ane
children. Leroy, MarSaret and Irene
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-06-18
MOffit


Members of the Foreign Missionary
society and their husbands and sever
al friends were entertained at the
August Benz home Thursday night at
a banquet.
The Misses Clara March and Grace
Miller came home from Ellendal..
They expect to return to school at Ell
lendale next fall.
Miss Gladys Benz and brother Nor
ris came home from Glendale Thurs
day evening to spend their vacation
at home.
Mrs. Emmett Carroll and two chill
dren and Mrs. Burt johnson visited at
the William Lane and B. r. Lane
homes Thursday.
Mr.. and Mrs. Richard Olson and
children of Bismarck visited at the
G. E. Moffit and Burt johnson homes
Thursday.
Emil and julie Enockson were din
ner guests at the Legg home Sunday.
Mr.. and Mrs. Pete Hofstad and fam
lily and Mr.. and Mrs. Burns Bailey
and family and Mrs. v. Benz visited
at the Henry Olson home near ster-
ling Sunday. +.
Mrs. Burt Johnson, Mr.. and Mrs. Ed
Lewis and william Lane motored to
Bismarck Saturday.
The Misses Beth Porter, Eta Hoff-
man, Gladys and Thelma Moffit, Will
helmina Moffit, Luella Coder, Milton