davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-10-26
Stocks IN ADVANCE
AS MARKET CLOSES
List Hardens in Late Deal.
ings After Reacting Dur. !
ing the Day.
BY GEORG7 T. HUGHES.

Special Dispatch to The Star
NEW YORK, October 26.-The pro-
fessionals who dominate trading IN the
present market sold stocks this morning
and bought them back this afternoon,
and the net results were negligible.
The market was heavy and reaction
ary all through the first half of the
day, hardened in the afternoon and ad-
vanced in the last hour.
The only significance that could fairly
be attached to the days operations was
that favorable action on the United
States Steel preferred dividend had
cleared up only one of the uncertainties
in the general situation. There were
still formidable obstacles to any sus-
tanned advance in securities.
One Of the chief obstacles was the
continued weakness in commodities.
Wheat sold at new low today, and
that had an unfavorable effect on
stocks.
Silver was down again, sugar was
slightly lower and rubber declined.
Cotton was steady, higher most Of
the time. Sterling rallied after the
sharp break of the two preceding days.
The rush to cover was quite urgent
at the end and the best prices were
made in the last Is minutes. Gold
mining stocks were strong all day, with
Homestake at new years high.
Prices were slightly higher at the
start, but did not hold the gains. Be-
fore the first two hours were over
stocks were selling well under yester-
days close. and that includes United
States Steel common. Satisfaction over
the maintenance of the steel preferred
dividend was tempered by the huge
operating loss shown in the third quar-
ter earnings statement, the largest in
the history of the corporation. It was
argued that the directors would not
have acted favorably on the preferred
dividend If they had not believed that
the business outlook was brighter. but
the market did not reflect that view,
On the other hand the action of
commodity prices was distressing. De-
cember wheat during the morning sold
at the lowest price on record Then
there was anxiety about the railway
situation. meaning the piling up of
fixed charges through loans from the
Reconstruction Finance Corporation.
AS temporary expedient receiverships
may be averted, but there remains the
question of the length of time it will
take increasing earnings to catch up
with the new burden of debt. On top
OF all this was the political campaign.
During the morning American Tele-
phone came down within small frac-
tion Of par, Atchison broke through
the 40 level, Allied Chemical sold off 2
to 3 points, American Can changed
nandS under 48 and other stocks suf-
fered proportionate losses Special
pressure was exerted against Drug, Inc,
National Biscuit and Corn Products.
A good deal of this looked like short
selling. but it brought reluctant sup
port. The market was not active, al
though the turnover was slightly larg-
er than yesterday Professionals still
dominated operations and are likely to
continue to do so until after Novem-
Der 8.
Evening star., 1932-10-26
Baltimore Markets
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, Md, October 90
White potatoes. 100 pounds, 80a1 90;
barrel. 125a1 so; sweet potatoes, bushel,
3oa60; barrel, 50a90; beans. bushel, 25a
90 beets, 100, 1.50a2 90; brussels sprouts,
quart, 6a1212; cabbage, basket, 25a35;
carrots, 100, l.50a2.o0; cauli1ower,
cucumbers, bushel, 200a3.25; eggplants,
crate, 1.50a2.50; lettuce, crate, 2.0oa
3.25; lima beans, bushel, 1.25a2.25;
onions, 100 pounds, 85a1.00; peas,
bushel. 200a2. so; peppers. hamper, 15a
2s; pumpkins, 100, 500a10.00; spinach,
bushel, 20a35; tomatoes, hamper, 20a
35; apples, bushel, 35a1.25; cranberries,
oox, 175a2. so; grapes, basket. 80; grape
fruit, box, 3.5Oa4.00; honey dews, crate,
75a2 90; peaches, bushel, 35a1 90; pears,
bushel, 60a2.00; oranges, box, 2.75a
$50.
Dairy Markets.
Live poultry-Turkeys, hens, pound,
23a24; gobblers, 20a22; young chickens,
Halls; Leghorns. 10a12; old hens, la
II; Leghorns, 10a12; old roosters, 8a9;
ducks, 1lal4; guinea fowl, each, 25a35;
pigeons, pair, 10a15.
Eggs-Receipts. 635 cases; hennery
whites. dozen, 32a34; nearby firsts, 27a
%: Western flrsts, 27a28; Southern
firsts. 26a27; current receipts, 25a26.
Butter-Good to fancy. creamery.
pound, l8a23; ladies, 13a14; store
packed, 10a11; process, butter, 15a16.
Live Stock Market.
Cattle-Receipts, 1875; Steady; steers,
good to choice, 6.50a7.25; good to me-
dunn, 5.5Oa650; fair to medium, ASA
$50; plain to fair, 4.25a4.75; common to
plain, 3.00a4.00; bulls, medium to good,
3.50a3.75; fair to medium, 300a3. so;
plain to fair, 2.75a3.00; common to
plain, 250a2.75; cows, good to choice,
fair to medium, 225a3 90; plain to fair,
1.75a225; common to plain, 1.25a1. rs;
medium to good, 3.50a375; fair to me-
dium, 425a4.50; plain to fair, 3.25a4.25;
common to plain, 2.75a3.25.
Sheep and lambs-Receipts, 500;
steady; sheep, 50a2.00; lambs, good to
choice. 5.50a6.0o; common to medium,
3.00a475.
Hogs-Receipts, 1000; steady; lights,
405a430 medium, 4.00a4.25; heavies,
3.75a4 05; roughs, 2.65a3.50; light pigs,
4.05a4. 80; pigs, 4.15a4.30; best Western
hogs, 1920 cent higher than quotations.
Calves-Receipts, 100; steady; good
to choice. 5.50a6.00; common to me-
dium, 3.00a4.50.
Hay and Grain.
Wheat-No red Winter, garlicy,
spot, domestic, 55H: October, 5514;
November, 5515. Cargoes on grade. no
sales.
Corn No. yellow, spot, domestic,
40a41; cob corn, Its per barrel.
Oats-No. white, domestic, new, as
ito weight, 251aa28; No. 8, 241aa25.
Rye-Nearby, bag lot, 40a45.
Hay-Receipts, none. The market
continues dull and inactive under gem
orally ample receipts, especially Of the
poorer grades, which are hard to move
at any price Good grades of hay are
selling at range Of $11 to $14 per
ton, as to grade and kind. Market
irregular on everything below No. 8
timothy. New hay beginning to move.
Straw-Wheat, No. l, per ton, 8.ooa
$50; oats, No. l, per ton, 8.00a8.50.
Evening star., 1932-10-26
DECLINE IN POUND
HAS BEEN STEADY
British Money Cheapened
After Nation Abandoned
the Gold Standard.
BY the Associated Press.
AyYSIIT UNDK nof0E

BY the Associated Press.
NEW YORK, October 26.-The slump
of the British pound sterling, it was
pointed out in Wall Street today, Is
merely another example of what may
happen to currency which is divorced
from the gold standard.
The sharp break of the pound Tues
day was the most severe since last
December. Until last week sterling had
held fairly steady for several months
between $a45 and $3.50.
What Happened to the pound is still
somewhat of mystery, although
numerous varying explanations have
been given by exchange dealers and
bankers who are supposed to keep in
close touch with the British situation.
Obviously, the Bark of England con-
troll, which started out with a sterling
equalization fund of some 10000, 600
pounds, withdrew its support last week
when the pound dropped to just below
s34O. At this rate. however, the bank
apparently came back into the market
and sterling steadied, only to break
sharply again Monday.
Tuesday, were variously attributed to
reports that the British equalization
fund had been seriously depleted OF
late; to the Autumn pressure Of wheat
and cotton imports; to the rise in the
cost of living in England; to the grow
ing number of Unemployment demon
strations; to talk of currency imitation
and to rumors that the government of
the United Kingdom, for trading pur-
poses, had decided to permit the cur
rency to sink to substantially lower
levels.
British financial circles, 1t is said
had confidently expected genuine re-
covery in foreign trade, and a con-
sequent alleviation of the serious un-
employment problem, with the pound
down somewhere in the neighborhood
of $3.50. Exports, however. failed to
increase at this price. Instead, they
showed signs Of decreasing.
Foreign observers are now wondering
if. under the circumstances, it may not
be the plan of the British government
to further repress the pound in order
to attract buyers for goods which ap-
parently. have no bouyant markets at
present prices.
In some quarters the further lower
ing of the sterling rate Is viewed with
misgivings so far as the United States
is concerned. While a cheaper pound
with possible resultant improvement in
British textiles. might bring large pur-
chases of American cotton, it might
also mean that English manufacturers
could undersell America in many kinds
Of exports. :
Evening star., 1932-10-26
WHOLESALE PRICES DROP
FRACTIONALLY IN WEEK
BY the Associated Press.

by Illt ASSOCldleU EIcoS
A decline of one fractional point was
shown in the wholesale commodity
index maintained by the National
Fertilizer Association during the week
ended October % The index, which
represents 1926-28 prices Of 476 COM
modities as 100, now stands at 606, as
compared with 622 month ago and
with 666 year ago.
Three of the IA main groups COM
prising the index advanced during the
latest week while six declined. Fuel,
including petroleum and its products,
fats and oil, and building materials
advanced, while foods, grains, feeds
and live stock, textiles, metals, fertilizer
materials and miscellaneous commodities
slid back.
During the week 81 commodities
showed price losses while II recorded
gains. Advances were shown for silk,
butter, flour, white potatoes, wheat.
petroleum, gasoline and rubber. The
declines included corn, cattle, hogs,
heavy melting steel, copper, silver, calf
skin. cotton, wool, vegetable oils, cotton
seed meal, beef, hams. apples and
feedStuffS.
Evening star., 1932-10-26
Freight Business Improves.

CHICAGO, October IS (P).-With one
road topping 1881 figures for tine Sec
ord successive week, freight business of
Western railroads continued on the up
grade last week. Missouri Kansas
Texas not only surpassed last years
business, but showed gain over the
week ending October Is Freight busi-
ness Of the Wabash increased 6 per
cent and of the st. Louis-San Francisco
line was is per cent ahead of the pre-
yious week.
Evening star., 1932-10-26
ORDERS FOR MACHINERY
SHOW SEASONAL GAIN
Special Dispatch to The Star.

opcSidl biSpdICH u 4Lc Quar-.
NEW YORK, October 26.-Machinery
orders in October, like most other busi-
ness, responded to seasonal improve
ment factors, reports American Machin-
ist. While business placed during the
month was hardly satisfactory in volume
it was at least better than for several
months Several orders have been won
on prompt delivery, indicating bad order
equipment that should be replaced, and
must be when it fails. High hopes are
entertained for 1889 business.
New York for the first time in
months, reports the placing of several
real orders, and the existence Of good
prospects for closures in the next week
or two. Philadelphia is cheered by a
few orders, one for large horizontal
boring machine, but is somewhat dis
turbed by the low prices realized at auc-
tions in Philadelphia and nearby cities.
Boston says that orders are more numer-
GUS, but most Of them pretty small
Pittsburgh also is encouraged by some
small orders.
Evening star., 1932-10-26
u. s. TREASURY BALANCE.
10 tho assocjated Press

BY the Associated Press.
Treasury receipts for October "a were
! S4,566, ,916.07; expenditures, $24.058,-
| 866.04; balance, $751;, ,339, ,979.56. Gus
toms duties for "a days Of October were
| $40, ,137, ,416.80.
Evening star., 1932-10-26

One pen was used by Herbert H. Cox
city Of Knoxville Tenn. --.-.-- -
Evening star., 1932-10-26
F0REIGF EXCHANGE.
fouotstions furnished by W. B. Hibbs Coz
Nominal gold Selling checks

Two tunnels under the Scheldt River,
between Antwerp and Ste. Anne,
Belgium, have been begun for compile
ton IN 1885, ,-1-----.-I--I-I
Evening star., 1932-10-26

Belgium has more land under culti-
vation today than before the war.
Evening star., 1932-10-26

NoTE-rdays individual sales net sven In this edition
this edition from yesterdays psrsr
Evening star., 1932-10-26
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE

ndiass sales are met syen !. this edition
edition from yesterdays
rev. 1882, Stock and Sales Net
Evening star., 1932-10-26

NoTETodsys individual sales not sven IN this edition
edition yesterdays
Prev. 1922 Stock and Sales a.. LET.
Evening star., 1932-10-26
o. s. Treasury CERTIFICATES
new YORK BANK STOCKS

the-counter market:
Quotations as Of 2 O'Clock.
Evening star., 1932-10-26

NOTETodays individual sales siven In this edition
Frev 1877 ' stock % ana ' saies % ~ Net.
Evening star., 1932-10-26
INVESTMENT TRUSTS

NEW YORK, October 26 P.-Over-
market:
fouota tions as of 10 o'cIock.)
The Washington times., 1932-05-11
CIv|TAN MEDALS
AWARDED BOYS

The annual award of medals by
the Civitan Club to high school
boys excelling in scholarship, mill
tary training, athletics, journal
ism and citizenship was made
last night at a meeting at the
Lafayette Hotel.
Those receiving medals were
Theodore j. Vincent, Eastern
High School; Richard Greyke,
Western High School; Frank
Price, Central High School; Ber-
nard ChiSm, Busin ess High
School; Paul Oehman, Mckinley
High School; John Martin Nc
Mahon, Gonzaga High School,
and Walter B. Dosh, st. Johns
College.
DR.. Maurice Townsend, presi-
dent of the club, presided, and
Harry B. Pitts presented the
medals.
The Washington times., 1932-05-11
KNIGHTS STARTTP[AYSP0T SEEN
SESSION TODAY K|LLEDBY BILL

Children of Northeast Wash.
ington will receive no play.
ground, however badly needed in
that area, if the Collins amend
ment to the District appropria.
tions bill passes the Senate,
Capt. E. N. ChiSolm, jr., engi-
neer of the National Capital
Park and Planning Commission,
pointed out today.
If the appropriations bill is
approved by Congress, with the
Collins amendment, the Park and
Planning Commission will have
only enough funds with which
to carry out roects jalready con-
tracted for, or for which obliga-
tionS have been assumed.
Northeast Washington will be
hardest hit by the economy meas.
ure, Captain Chisolm pointed
out, inaSmuch as the large play.
ground which formerly existed
on what is now the Union Sta.
tion Plaza, has never been re.
placed.
The Washington times., 1932-05-11
PUG. STUDYING
UTILITIES TAX

A bill introduced in Congress
by Senator Arthur Capper of
Kansas, providing an increase in
taxation on utilities in the Dis
trict, was discussed at a confer
ence today between officials of
the city's utilities and the Public
Utilities Commission.
Maj. Gen. Mason M. Patrick,
chairman of the commission, said
the conferees agreed the provision
in the bill for taxation on per
sonal property of utilities accord
ing to value would be difficult to
administer.
He declined to make public the
tenure of the recommendations
the commission will make to Con-
gress on the bill and said the
commission will confer with the
District Commissioners before
drafting it's recommendations.
Tax Assessor William P.
Richards diSagrees with the
opinion expressed by the utilities
officials and said he anticipated
no trouble in administering the
personal property tax provision,
if the bill is enacted.
The Washington times., 1932-05-11
HEARST SCHOOL
OPENING OFF

Lack of funds for completion
of approaches and installation Of
a permanent water main at the
Phoebe A. Hearst School will &C.
lay occupancy of the building un-
til September.
Originally scheduled for oc-
cupancy this month, the build
ing, which is now practically
completed. cannot be taken over
by the Board of Education until
the "sea of mud" around the
structure is graded and paved.
Although work is being done
on grading of the grounds, funds
for completion of sidewalks and
installation of the water main
will not become available until
July 1, according to DR.. Frank
w. Ballou, superintendent of
schools.
The building was turned over
to the District Commissioners yes
terday, but probably will not
be accepted by the Board Of
Education until it is ready for
occupancy.
The school is named for Mrs.
Phoebe ApperSon Hearst, mother
of William Randolph Hearst.
The Washington times., 1932-05-11
Autopsy Fails
TO ShOw My
Girl Died

A report of chemical analysis of
vital organs from the body of
Miss Alice Leslie. 24-year-old
waitress, was expected to be
submitted today to members Of
the homicide squad.
Miss Leslie was found dead in
a rooming house Monday night at
1880 Columbia Rd. N. W., after
her companion had reported she
was in need of medical attention.
An autopsy yesterday at the
District Morgue failed to reveal
the cause of death.
Meanwhile detectives continued
their search for the man in the
case, who identified himself to a
physician as Frank Jones, of an
address on Eighth Street South
east which proved fictitious.
The Washington times., 1932-05-11

The 10th annual conclave Of
the Grand Commandery, Knights
Templar, of Virginia, opened its
three-day session in Alexandria to-
day.
At 7:15 tonight the COM
manderies will assemble at the
Cameron Street Masonic Temple
and march to Christ Church,
where a sermon will be preached
by Bishop w. L. Gravatt, of West
Virginia.
The Grand Commandery will
participate in the parade tomor'
row and the opening business
session will be held tomorrow
afternoon at $3.50 in the Memo
rial Temple.
The Washington times., 1932-05-11
HARRISON HIDES
LEG INJURY
Times Staff Photo

Fortitude of Senator Pat Har-
rison CD of Mississippi in con-
cealing a leg injury for 10 days
in order not to miss any of the
finance committee hearings was
today disclosed when the flowery
tongued orator of the South failed
to arrive at his office.
Senator Harrison was playing
golf with friends nearly a fort,
night ago when he tore a liga'
ment in his leg. Making light
of the injury, the Senator at,
tended the daily hearings of the
committee.
When the work was finished
at the end of last week he re,
tired to his home for rest and it
will be several days before he
is able to return.
The Washington times., 1932-05-11
SHAPIRO FREED
Of CHARGES

The Government today nolle
pressed Is indictments against
Jacob B. Shapiro, real estate
broker, who was convicted more
than a year ago of using the
mails to defraud and subSe-
quently placed on probation.
Each of the indictments
quashed today charged the real
tor with false pretenSeS.
Although Shapiro was convict
ed of mail fraud in connection
with selling property upon which
there were hidden trusts" it
was shown that not a single
customer lost anything in the
transactions,
The Washington times., 1932-05-11
REPORTS EIGHT
MEASURES
FOR VOTE
Automobile Liability, License
Fees for Business Rank
as Most important

With one more day sched-
uled for consideration of Dis
trict bills in the House because
of the approach of the end Of
the session, the House District
Committee today reported
eight bills in an attempt to
clear up pending matters
before final adjournment.
The committee agreed to re-
port the Mcleod automobile
liability bill which would make it
compulsory for motorists to show
their financial responsibility fol-
lowing their conviction for any
serious offense against traffic
regulations. In the event that
motorists cannot show financial
responsibility. under the terms
of the bill, they would be forced
to maintain compulsory insur-
ance.
Business Fees Revised
Amended so as to exclude
Spiritualists and those connected
with churches of paying fees,
the Gibson license bill was re-
ported. The measure provides
for general licensing of business
occupations and revision of the
present system of fees.
The Senate bill pertaining to
special auto tax for certain en-
ployeS of the House and Senate
was reported.
Several measures providing for
the closing of streets and alleys
in various parts of the city to
aid in the development of certain
schools, park. and highway sites
were reported.
Permit Street Closing
Included in these bills is one
which permits closing of streets
and alleys in AnacoStia, opening
and closing of roads in Occoquan
and a bill to authorize the Com
missioners to close Quintana place
between Seventh Street, and Sev-
enth Place Northwest.
A meeting of the fiscal relations
subcommittee was reported as
scheduled for the near future for
consideration of bill to widen
Thirteenth Street Northwest.
The Washington times., 1932-05-11
NEW ESPIONAGE
SQUAD CHECKS
D. c. CRIME
Inspector 0. T. Davis Placed
In Charge of Police
Department Unit

A crime prevention division,
which Incorporates an espion-
age unit, went into operation
in the Police Department to-
day under the direction of
Inspector Ogden T. Davis.
The divisions duties will be to
maintain surveillance over GRIM
inals. Work will be co-ordinated
with the detective bureau.
Inspectors Shifted
Inspector Albert J. Headley was
shifted as a consequence of the
establishment of the unit, from
the second inspection district to
the third while Inspector James
E. Beckett was transferred to
Headley's former post from the
bureau of investigation.
The new unit will take up a
great deal of the vice work for
merly handled by the bureau of
investigation. It will also assimi-
late some of the work OF the
bureau of Identification.
BObO May Be Transferred
It is expected that Capt. James
E. Bobo will be transferred to
the new division later today.
Lieut.. George Little will, it is
thought, assume charge OF the
bureau of investigation.
This organization will be used
mainly for raiding purposes ana
as a cleanup squad.
The newly formed espionage
unit will maintain contacts with
various Governmental inveSti-
eating organizations and check
up on the whereabouts Of char
acters with police records.
The Washington times., 1932-05-11
Must Be Fun

Except on the assumption that Congress IS having
good time, do not know how to explain its continued
sessions. I wish l could join in them. can think OF
few things more amusing than getting up vast pro.
gram of economy, destined to save a few hundred
three or four with the assurance that those three
four are the very the Senate will eliminate That's
high comedy. And Congress has the much more sus-
tanned comedy of assembling in the middle of period
of awful depression staying in session for months and
doing nothing about it. To be sure, Congress has re-
jected the sales tax and it must have passed few
private bills; but the whole it has stuck to its comic
line, of doing nothing in emergency and, wherever
possible, undoing what might be done.
The Washington times., 1932-05-11
Gas Station Permit
Denied bu Court

Permission to place a gasoline
service station at Baltimore Boule,
ward and Montgomery Avenue,
Laurel, was refused the Penn
Realty Company in Circuit Court
at Upper Marlboro yesterday.
The firm had filed suit against
Prince Georges county commits
sioners and the mayor and coun-
Gil of Laurel in it's fight to con-
struct the gas station.
The Washington times., 1932-05-11
ThieUes Rifle Store
Cash Box, Take 500

Thieves early today forced their
way into the establishment of A.
II. Barnard, Inc, 1918 Fifteenth
st. N. W., rifled a cash box and
escaped with 500 in bills.
Entrance was gained by break,
ing down a rear door. The entire
establishment bore signs of a
thorough search.