davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19
Grain Market

CHICAGO, January 10 lP)-Respon-
sive to increased selling pressure and to
stock market setbacks, grain values
underwent early doWnturnS today
Liverpool reported Insufficient demand
to sustain wheat price advances. Open
ing 1S7s lower, wheat afterward sag
ged further. Corn started 1s-5a off
and later held near the initial range
Tending to add force to beariSh
sentiment relative to wheat were re-
ports that the Southern Hemisphere
was now shipping wheat out as fast
as possible and was likely to continue
doing so for weeks yet. 1t was also
asserted that premiums of nearly 4
cents a bushel in Chicago quotations,
as compared with Liverpool. precluded
the United States from any material
export business Estimates. too. were
current that, aside from Farm Board
holdings, the United States at present
had 1l2 600 900 bushels for six months
exports and carryover.
Notable dWindling Of the aggressive
speculative demand, recently so ap-
apparent in the wheat trade, was
feature today. Houses that were con-
spicuous purchasers during advances
appeared to have switched to the SELL
ing side of the market There also
was considerable execution of stop-loss
orders to sell on the part of so-called
eleyenth-hour buyers. Corn and oats
gave way with wheat.
Provisions reflected downturns in
grains.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19
Baltimore Markets

Special Dispatch to The Star.
BALTIMORE, Md, January 10
White potatoes, 100 pounds, 75a1l0;
sweet potatoes, bushel, 40a80; yams,
barrel, 10Oal.50; beans, bushel, 1.50a
200; beets, per crate, 1.50al so; brus-
sells sprouts, per quart, 7a14; cabbage,
bushel, 50a80; carrots, per bushel, GOA
Ito; cauliflower, crate, 125a1 So cell
cry, crate, 1.50a2.50; eggplants, crate,
1.50a2 so; onions, per 100 pounds, 300a
400; peppers, crate, 1.50a2.50; kale,
bushel, 25a50; cucumbers, bushel, 275a
4,25; spinach, bushel, 25a90; squash,
bushel, 1.50a2.50; tomatoes, crate, 10oa
3.25; Turnips, hamper, 15a25; grape
$50; oranges, box. 2.00a375; straw
berries, quart, 20a30.
Dairy Markets.
Chickens, young, 18a22; Leghorns,
15a18; old hens, 16a21; Leghorns, old,
16a17; ROSTERS, 1la13; ducks, 12a21;
geese, 14a18; guinea fowls, pair, 25a50;
turkeys, 15a30; pigeons, pair. 20a25.
Eggs, receipts, 1,070 cases; current
receipts, 171a; nearby firsts, 1912;
southern firsts, 1872.
Butter, good and fancy creamery, 22a
26; ladies, 17a18; process, 20a21; store
packed Is.
LIVE STOCK MARKET.
Cattle-Receipts, so head; light sup
ply; market dull.
SteerS-Choice to prime, none; good
to choice, 6.0Oa7.00; medium to good,
500a6.00; fair to medium, 4.00a5.00,
plain to fair, 3.50a4.00; common 70
plain, 3OOa3.5O
Bulls-Good to prime, none; good to
Phnirn rrpliI1rr, n unnl a ma
AIS; fair to medium, 350a4.00; plain to
fair, 3.25a3.50; common to plain, 3.00a
1926.
Cows-Choice to prime, none; good to
choice, none; medium to good, 3.75a
400; fair to medium, 3.25a3.75: plain 20
fair. 250a3.25; common to plain, 1.50a
$50.
Heifers-Choice to prime, none; good
to choice, 500a5.50; medium to good,
450a5.00; fair to medium, 400a4.5O:
pain to fair, 300a4.00; common to
plain, 250a3,00.
Fresh COWS and springers, 3oO0a
5000.
Sheep and lambs-Receipts, $50
head; light supply; market steady
sheep, 100a300; lambs, 400a7.50;
Hogs-Receipts, TOO head; light sup
ply; market lower lights, 4.85a5.10;
heavies, 445a470: medium, 4.S5a5. 10;
roughs, 2.75a380; light pigs, 435a4.60;
pigs, 450a485; trucked hogs, none:
lower than quotations
Calves-Receipts, Is head light sup
ply; market steady, calves, 400a9.00;
extras, none.
Wheat-No ? Red Winter garlicky.
spot, domestic, 63i9; January delivery.
63ls
February delivery. 64la.
Corn-No. 2 yellow. spot, domestic,
barrel.
Oats--No. q white, domestic, 35a
351a; No 3, 34a34l2.
Rye-Nearby, bag lots, 40a45.
Hay--Receipts. none. Market I'M
changed
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19

presidents. Few men heading national
transportation systems know labor bet
ter than Uncle joe"
One is therefore little surprised to
hear Chairman Robinson, spokesman
for labor, remark that the railroads are
trying to do their best in a practlcl
way 10 meet labor on the problems OF
unemployment and sterilization of en-
ployment.
Alfred P. Sloan, jr., head of General
Motors, submits a simple formula to
revive bUSineSS-let those who can, buy.
Buying, he points out, accelerateS pro-
duction, production reduces unemploy-
mert, and reduction in unemployment
increases purchasing power.
There is nothing in the depression
which WeakenS Sir Herbert Hollis faith
in the future Of Canada. Sir Herbert
president Of the Royal Bank of Canada
has seen many depressions in the last
so years, and should know whereof he
speaks.
AS to the United States he points out
/ that with quoted values of most securi-
ties well undcr intrinsic worth, i'm
proVement could be expected as and
when measures are taken which will
result in real return of confidence. 1t
would seem that leaders in politics and
! finance are now doing their utmost to
/ hasten business recovery.
/ The National Sugar Refining Co. is
carrying very satisfactory cash balances
/ and is in strong capital position, &C
/ cording to James H. Post. president.
/ Commenting on the showing last year,
which resulted IN surplus between
100000 and 100000 after the 50 divi-
dend, Mr. Post calls attention to the
marked increase In the efficiency of the
compsnyS plants and to plans for fur
Their improvements and economies.
Men and women whose savings are
in real estate bonds cannot efTcctuallv
be united for their protection except
through central committee according
to George E. Roosevelt head of the
! newly organized Greater New York
Real Estate Bondholders' Committee
The committee will aim chiefly at pro-
tectlng the interests of holders of bonds
secured by mortgages On real estate in
Greater New York and at bettering rea!
estate and building conditions.
MI. Roosevelt points out that more
than S6OO,OOO,OO worth Of such bonds
are held throughout the United States
ana mat Sl0O,O0OOOO Of these are in
default. With foreign bonds held bv
american investors aggrcgating several
times that and with hundreds of mil
lions in default and many moro about
to default, the formation of central
committee under proper sponsorship Ia
protect foreign investments. also would
seem highly desirable.
Copyright 1882 by the North American
. Newspaper Alliance, Inc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19
Everybody's
Business
Talk Of Initiation Seen as
Reaction to Further Gold
Withdrawals for Account
of France.
BY DIR. MAX WINKLER.

Special Dispatch to The Star.
NEW YORK, January 10 CN.A.N.AD.-
The imitation bugabOO is being revived
shipment of gold abroad, amounting
to several million dollars, is response
bic. Further Withdrawals of gold are
believed to be pending, largely for the
account Of the French, who see in the
Reconstruction Finance Corporation a
step toward inflation-that is, move
bound to result in decline in the
value of the dollar.
1t would seem hardly necessary to
point out once more that, even if
French Withdrawals reach the proper
lions of October, the position OF the
dollar would not be weakened appre-
ciably French balances, though fair
sized, are not sufficient to endanger in
any way the status OF Americas cur
rency Gold held by the Federal Re
serve banks still considerably exceeds
the collateral required for Federal Re
serve notes.
Favorable action on the ReConstruc-
ton Finance Corporation bill, together
with a certain degree of strength IN
ma jor securities and commodities mar
kets. should stimulate public con-
fdcnce. The principal thing to avoid
now is fresh news of a disturbing char
acter. either abroad or at home.
The immediate future of the Securl-
! ties market will depend, therefore, TO
| considerable extent upon prevailing
money conditions The outlook APP
pears promising Indications point tC
! a reduction before long of the reds
count rate by the Federal Reserve
| banks. with New York leading the
| procession.
A number of smaller financial insti-
! tutons appear to oppose the final en-
! actment of the Reconstruction Finance
! CORPORATION legislation. First, they be-
! Neye THE huge bond issue the new
| enterprise will float probably will affec'
! existing Government issues adversely
! Second they fear large Withdrawals
of deposits may result from desire
! bv dcpositOrS to invest in the new
! issue. which many MAINTAIN Is nKeiS
| TO be sold on a more attractive pasE
! than existing issues.
While these arguments are 10 some
! extent plausible, the dement's OF TIT
! new enterprise, If it is properly run
! should more than onset any ad'erS 1
/ criticism. Further, the new loan vii
! in all probability be SO set up as not tC
compete with United States Govern
ment bonds already outstanding.
The rails responded rather feebly u
! belief in an early settlement OF The
wage dispute improvement in raj
! shares the last few sessions may bt
assumed already TO have discounted the
proposed wage reduction.
Ii is gratifying. however, to observe
the friendly feeling of the discussions
between the rail executives and labor
A good deal of this is doubtless attribut'
able TO Daniel Willard, head Of the Bal
timore g. Ohio and dean Of railwa,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19
SOUTH REPORTING
BETTER BUSINESS
Seasonal Drop in Sales and
Collections Found in Other
Localities.

That the expected post-holiday drop
in wholesale collections and sales
throughout the country materialized to
some degree is evidenced in the Janu-
airy survey of conditions in 1903 of the
Nations leading trade centers, con-
Quoted by Credit and Financial Man.
agement, official publication of the Ma
tional Association of Credit Men.
In contrast to the previous months
survey. which found a rising trend, the
present reports reveal that SO per cent
instead of "a per cent of the CORE
spondents find collections to be fair
and SO per cent instead of SO per cent
note the same condition appertain1ng
to sales.
Although fair conditions in sales and
collections were less noticeable than in
the December survey, the present re-
port reveals that jamestown, N. Y, in
collections, and Springfield, Mass. IN
sales, rate claSSificatiOnS of good"
None of the reporting cities in the pre-
vious survey found good sales or
collections.
Conditions in South.
New England as has been true for
several months, comes through with a
general report more favorably Optl-
miStiC than other sections of the country.
but. from the South, North Carolina and
Florida reveal that lettering business
conditions are not exclusively present
in the Northeastern section of the
country. Florida reports that the un-
seaSonably warm and dry Summer
weather is causing bright outlook for
the vegetable crop in the Everglades
portion, which has brought fancy
prices and, owing to the fact that the
sugar mills will begin grinding within
few weeks, this has brought hous-
ing shortage and prosperity that looks
like boom times compared with other
parts of the State. Prices on citrus
fruits, however, have been extremely
low"
: The Middle Vests keynote is sounded
by the report from Minnesota, which
states that, aside from the season holi-
day business, there does not appear to
be any evidence of improvement in
either sales or collections. st. Paul
states that more and more the principle
of a debt moratorium is being followed
as a policy of helpfulness to worth
while commercial enterprises in need of
help. Liquidation of embarrassed es-
tateS is normal, and manufacturers note
an increase in number and amount of
inquiries and are looking forward to
increased bookings"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19
CULPEPER BANK ELECTS
Special Dispatch to The Star.

Special Dispatch to The Star
CULPEPER, Va. January 19-The
following Board of Directors was uran-
lmously reelected at the meeting of
the stockholders of the Culpeper Ma
tional Bank; John S. Covington, James
H Fletcher, John w. Vowel, Turner
Ratrie, TraVers D. Bickcrs, Otis r.
Ihornhlll. pr Granville Eastman, c. r.
Quinn, William G, Wood, r. G. Gain
lance and l.. r. Hudson Following the
session OF the stockholders, the direc-
tors met and elected the officers, who
ere: PRESIDENT John S. Covington; vice
president; James II. Fletcher; vice pres
ident, John w. Vowel, cashier Gilee
II. Miller, jr.; assistant cashier vii
liam D. Cannon. and assistant cashier.
r. A. Forbes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19
CHICAGO PRODUCE MARKET.

CHICAGO. January 10 P).-Poultry,
steady: fowls, IT; Springs, 1879;
ROSTERS, 10; young hen turkeys, 90;
young toms, II; old toms, Is; heavy
white ducks, 81, small, 10; heavy col
ored ducks, 90; small, 10; geese, 49,
Butter-Receipts. 1902 tubs; mar
ket steady creamery, specials 1913
score), 81 2a24; extras (92 score), %;
extra firsts (90-91 score), 22Ha22I2;
firsts $3.50 score), 81 12a22; seconds
(86-87 score), 20l2a21; standards 900
score. centralized carlots), %.
Eggs-Receipts. 1859 cases; market
steady; extra tirsts, 16a16l2; fresh
graded firsts, 1872; current receipts,
l4a15
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19
MISSOURI BANK TO PAY
ITS DEPOSITORS IN FULs,
BY the Associated Press.

KENNETH. Mo, January 19-The
Bank of Hornersville, at Hornersville,
will pay its depositors in full and close
its business January %, officers Of the
bank announced yesterday.
On January % all deposits will be
transferred to the Bank of Kennett,
Oldest bank in Dunklin County.
The Hornersville Bank started in
1900 as private bank. 1t was cap
italized at $4,000, with nearly $4,000
in surplus and profits. Deposits are
more than 100000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19
CHICAGO POTATO MARKET,

CHICAGO, January 10 P).-po-
tatoes-Receipts, Ill cars; on track,
261; total United States shipments,
684; weak on Northern, steady on
Western stock; trading rather SLOW;
sacked, per hundredWeight Wisconsin
round whites, No. l, mostly 80; Mich
igan Russet-Rurals, few sales, 80;
Idaho Russets, No. /, 1.55a1.65; No. 2,
105a1.10; Nebraska Triumphs, lew
sales, 1.1Oa1l5; fine quality, 1.2O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19
DRY GOODS MARKETS.

NEW YORK, January 10 CSpeciaD -
Cotton goods markets were quiet today
Print cloth quotations were unchanged
at 35s for 64x6Os and were marked uT
sc at As for 68x72s. Raw silks were
quiet and unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19

grades, but the demand held up fairly
well.
Grain Markets Dull
In the absence of an active demand
domestic grain markets were dull in
mid JANUARY. Cash wheat markets
wer somewhat irregular High protein
wheat was in active demand. Corn
markets were mostly weak and lower
although light receipts at Kansas City
advanced prices around cents bushel
at that market. Eastern demand was
restricted by lower priced offerings from
Ohio and Indiana. Oats were weaker
with corn, but barley markets held
about unchanged under a fairly active
inquiry for both feeding and mailing
types.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19

E A. Nichols has been elected vice
president in charge Of sales of the r.
c. A-Victor Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19
stock and
Dividend Rate.
italian Superpow A

dollars quarterly
nual dividend tPartly tPus
stock. playable in stock adjustment
plus SO Plus So in stock. Plus 10
2% stock. Plus 10% in stock Plus 10 in
n In Paid regular rate.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19
FARM PRODUCE PRICE CHANGES
NUMEROUS, BUT NOT SEVERE
Eggs and Butter Decline, but Most Other
Products Show Improvement IN
Winter Markets.
Grain Markets Dull.

grades, but the demand held up fairly
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19
BONDS.

tCopyright. 1882, Standard Statistics Coz
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-19

Changes in prices of leading farm
products around the middle of January
were quite numerous, but generally not
stvere-a typical Winter market, &C
cording to the United States Bureau of
Agricultural Economics. Eggs and but
ter we're the main exceptions, declining
under receipts liberal for the time Of
year Poultry sold little better Prices
of lambs and veal calves advanced, but
other livestock showed little net change
Cotton markets were rather firm and
wool trade showed more activity. Grains
and feeds were irregular and unsettled.
Potatoes hold fairly we'll; onions show
some further gains. Cabbage has de-
clined and apple markets stay about
the same. Sweet potatoes have shown
a downward trend this month.
The Washington times., 1932-09-17

Home seekers who want to establish
themselves In q home of their own will
find q timely home selection in the
Classified Section.
The Washington times., 1932-09-17
NEW STATE LAW
BRINGS TAX
CONTROL

Summarizing recent State tax
action, the National Association
of Real Estate Boards comments
particularly on the new Indiana
tax laws as strongly indicating
the trend of thought toward
State control of local budgets and
assumption by States or counties
of township responsibilities which
can be more economically man.
aged by the larger governmental
units.
Public roads, public schools and
the function of assessment are
the three functions of local gov
ernment in which this trend to
State or county direction is now
strong.
The association further COM
ments on the results which North
Carolina is already showing from
it's pioneer tax measures adopted
in 1881 which provided for: Cd
State control of local tax ex-
penditures; (2) State assumption
of required costs for public
schools; CD State assumption of
the responsibility for public
roads.
The Washington times., 1932-09-17

Architects are asking If the
trend of the times indicates that
their profession will be absorbed
by the building industry as a
whole, Benjamin F. Belts, A. I. A,
editor of American Architect,
writes in the current annual fore
cast issue of his publication, The
independence of architects can
be safeguarded only by leader
ship, he states, adding:
"The nation is today faced
with grave problems, Many Of
these need the leadership of
men who understand planning,
building construction and how
to coordinate group activities.
No one has greater capacity in
this direction than has the ar
chitect.
Leadership of the profession
can be maintained If architects
will make evident their interest
in community affairs; set in
motion the machinery that will
bring about proper OrganiZa-
ton of the building industry;
made a determined effort to give
the public decent adequate hOuS-
ing, properly financed and we'll
built at a cost that the average
person can afford; and inOrm
the public as to what cOnSti-
tutes good planning and con-
structiOn, its value and how it
can be obtained.
The Washington times., 1932-09-17
Highway Mileage
NOU Totals 7I2.67

With completion of ,46 miles Of
roadway by the Highway Depart
ment during the fiscal year 1882,
the District of Columbia now has
1887 miles of highway of 30-foot
widths or wider. The character
and extent of the city's 712.67
miles of roadway pavement is as
follows: Asphalt and asphalt
block pavements, 314.76 miles; as.
phaltic concrete pavements, vari,
Gus bases, 51.26 miles; cement
cjncrete pavements, 1926 miles;
granite and other block pave
ments, 1896 miles; macadam pave
ments, 101.18; gravel and unim.
proved surfaCing, 90.05 miles.
The Washington times., 1932-09-17
HOME BANKS IN
ACCORD WITH
STATUTES
New President of Building
and Loan League Cites
Bill of Rights

CHICAGO, Sept. 1.-THE Fed.
eral Home Loan Bank System is
in complete accord with the pur
poses of the signers of the Con.
stitution, Ward B. Whitlock.
Springfield, ILL.,. newly elected
president of the United States
Building and Loan League, said
in his Constitution Day message,
addressed today to 5000 building
and loan association secretaries
affiliated with the league.
Recalling September II as the
one hundred and forty-fifth ami
versary of the Constitution which
Benjamin Franklin, the patron
saint of building and loan, signed
and in which he figured proml-
nently as author, Mr.. Whitlock
quoted part of the Bill Of Rights
so dear to all of the documents
authors:
"The right of the people to
be secure in their persons,
houses, papers and effects
against unreasonable searches
and seizures shall not be
violated"
He continued:
"That part of the ConStitu-
ton places an obligation upon
all home financing institutions
eligible for membership in the
Home Loan Bank System to par
ticipate as soon as possible. 1t
cannot truthful, be said that
people are secure in their
homes as long as they cannot
get mortgage credit on leglti-
mate security to keep them in
possession. In rededicating our
business to the uphOlding Of
the Constitution on this day,
building and loan associations
are looking upon Home Loan
Bank subscriptions as their
widespread feeling that Benja-
min Franklin, patron saint of
this business which is dedi-
Gated to thrift and home own
ership, would be among the
first to urge the benefits 0f
the Home Loan Bank System,
and would be doing all in his
power to make it a success"
Open Book
Opening of the books of the
district Home Loan Banks located
in Newark, N. j.; Pittsburgh. Pa;
Cambridge, Mass: Winston-Salem.
N. c.: Cincinnati Ohio; Indiana
polls. Ind; Evanston, ILL.,; Little
Rock, Ark; Topeka, Kan; Des
Moines, Iowa; Los Angeles, Calf e,
and Portland. Ore, is expected
to be followed by a rush Of build.
ing and loan associations to SUBJ
scribe for capital stock in the
banks, in view of pledges already
made, and of the need for reserve
facilities expressed by the associa-
tions during the course of the
laws enactment, the league presi-
dent said
The Whitlock Constitution Day
message also pointed out that
the establishment of the Federal
Home Loan Bank System is
along the lines of individual enter
The Washington times., 1932-09-17

prise which the basic law of the
land protects. Whitlock said:
"The funds from this system
are primarily to finance small
homes, they are to be loaned
to borrowers who expect to re-
pay and own their homes out
right, and not to families who
are looking for a dole. For this
reason the system is set up
along strictly business lines,
making no advances to building
and loan associations or other
member institutions on mort
cages which have more than
Is years to run, which are
more than six months in ar
rearS, or which are on prop
erty valued higher than $780,
900. It is clear from this plan
that the law is designed to give
the small home owner a work
able plan for his mortgage
credit, an obligation which he
can satisfy in a reasonable
period of time. 1t means to
help him acquire a home, not
to give him a home"
He cited the statement of Sena-
tor James E. Watson, sponsor of
the bill in the Senate, in speech
before the French Lick convention
of the United States League, last
week.
The Washington times., 1932-09-17
CLASSIFIED
Architects HeLdDependent
On Right Leadership

"The architect will always be
needed. No one will ever sup
plant him as the master builder
and cO-OrdinatOr of business ac-
tivitieS. Only the architect can
render unprejudiced advice to
those who build.
Nothing can be substituted
for his training, experience, ju-
dicial position or executive re-
SpOnsibility. There is no one
else qualified to give the ser.
vice rendered by the architect.
The profession need not worry
about >.le future-if it will main
tain leadership.
The Washington times., 1932-09-17
N. Y. Leads States
In BiCentenni1L Trees

New York, with 3,041,373
memorial trees to George Wash
ington leads all States in tho
number of bicentennial paintings
for 1882, according to advice e
ceived by the Unitec States
George Washington Bic ctengial
Commission from the American
Tree Association.
Pennsylvania is second With
1,725, 1868 bicentennial trees, Near
ly 100000 have been planted
throughout the nation.
Travel economically in or NJ tue
good used cars advertised fot sale 20"
day In the Classified Section.