davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1933-10-25
GOVERNMENT
GOLD BUYING
BEGINS TODAY
Presidents Price Lifting And
Monetary Program Gets Un-
der Way.
RATE IS INCREASED $l.56
Effect Of Move Seen With
Raise OF London Quotation
To $31 Plus.
BY RICHARD L. GRIDLEY
United Press Staff Correspondent

BY RICHARD L. GRIDLEY
United Press Staff Correspondent
WASHINGTON, Oct. 25. W.H -
The government today began its
open market gold purchases at a
rate of $31.36 an ounce in Presi-
dent Roosevelt IS new price lifting
and monetary. program.
Jesse JoneSfr chairman of the
board of the Reconstruction FL
nance Corporation, made public
the country IS gold price after a
conference this morning with Dean
Acheson, undersecretary of treas
ury, and Henry Morgenthau, Jr.,
farm credit administrator.
Payment for the gold will be
made by the RFC in its new 90-day
debentures.
The price set in Washington was
exactly 43 cents above the price
fixed in London today, reckoned on
close exchange rate for the pound.
The London price at that time was
$3093 fine ounce.
The price for gold set yesterday
at Washington was $29.80. The in
crease in this price, as compared
TO today's price, was $156.
The newly announced price was
$1089 above the old statute price
of $20.67 per ounce. At the new
price the gold value of the dollar
is 65.91 cents today against 6936
cents yesterday.
Jones made the following formal
statement in connection with gov
ernment gold purchases:
"The Reconstruction Finance
Corporation will accept subscrip-
tions today for its 9O-day deben-
lures, payable in newly mined gold.
that is gold recovered from natural
deposits in the United States and
any territory subject to its juris-
diction, at the rate of $3136 per
ounce of fine gold. The procedure
for depositing gold in payment for
subscriptions will be established
today by an executive order of the
President and regulations of the
treasury Department.
Uncertain About Price -
The debentures offered in pay
ment for the gold by the RFC will
bear an interest rate of u of one
percent annually. Newly mined
gold is to be deposited in the gov
ernment's IS mints and assay offices
on which RFC debentures will be
paid.
Jones said he was uncertain as
to whether this price would be
fixed daily or as to how much of
the metal would be purchased in
this manner.
Morgenthau and Jones studied
dispatches from London to the eff
feet that London brokers had
boosted the price of the metal
there to around $31 an ounce. In
order to keep market price high
er than the foreign, they were
forced to set the $31.36 price.
Secretary Woodin was absent
from the treasury today, the third
time in the past few weeks when he
took no part in momentous treas
ury decisions.
WASHINGTON, Oct. 25. U.p) =
The treasury department today set
a price of $31.36 an ounce at which
the government will begin pur-
chases of gold under President
Roosevelt's new monetary and
price lifting plan.
Chairman Jones of the RFC
made the announcement at con-
ference with Dean Acheson, under
secretary of the treasury, saying
that the RFC would accept sub
scriptions beginning today for its
Evening star., 1933-07-22
HOMECOMING and Building Washington and Suburbs
Squirt IN REAL ESTATE
IS SHOWN OVER NATION
Activity in 245 Localities Covered in Survey, Which
Reveals Vastly Improved Situation Compared
With February, Association Reports.

NOR the drst time since June 1922 predominatng upward
r. trend in real estate activity
the completed by the
tional Association Of Real Estate Boards.
Tabulang confidential reports its
principal cities Of the country the survey A localities
at the time last year. Thirty four revealed
Evening star., 1933-07-22
'WASHINGTONlAN BUYS
ESTATE IN LOUDOUN
W. r. Lair Acquires Historic
Woodburn, Near Leesburg.
$33, 900 Reported Paid.
Special Dispatch to The star.

Special Dispatch to The Star.
LEESBURG, Va, July 22.-Recent
land sales made In Loudoun County
include the sale Of the historic Wood
burn estate near Leesburg to william
Rankin Lair, Warrington broker. The
estate comprises 421h acres, with .
handsome Colonial house on the prop
erty. The purchase price IL reported to
be $50, 900.
Two farms owned by George Wenner
near Lovettsville have been sold to r
G. Morris and the Federal Land Banl
for approximately $500.
w. H. Martin, Leesburg attorney,
purchased at public auction the st.
Clair farm on the Potomac River near
Lucketts. The farm comprises 326
acres and the purchase price was $l0,-
750.
=. d. Howell has sold to Mrs. Char
lotte Talbot Of Leesburg . dwelling
and lot in which Mr.. Howell and fam
lily formerly resided, in Aldie. Mrs.
Talbot and family, 1t Is understood, win
occupy the dwelling Immediately.
Evening star., 1933-07-22
Can Use Attic.

Why should your attic be 80 much
wasted space, when just small In
vestment win make it useful and at
tractive room?
Evening star., 1933-07-22
14TH STREET STORE
LEASED five YEARS
Women's Wear Shop at Corner of
Irving Is Planned, Realtor
Announces.

Irving streets, formerly occupied by
Liggett's Drug Store, has been leased
for q period Of five years to Adeline
Shops, Inc, q chain women's wear or
gsnization, it was announced this week
by Carl G. Rosinski, realtor, who
handled the transaction.
Owned by Fannie and Leo Schlos-
berg, the property will be extensively
remodeled to accommodate the new
tenants, 1t was announced.
The leasing Of premises 3222 Four
teenth street for Albert Hislop to
Julius II. Wolpe. for period Of Z years,
also was announced by RosinSki.
Another lease negotiated was for Mrs.
Mabel H. Simon to Shoreham Market
g. Delicatessen Co.. covering premises
2612 Connecticut avenue. This lease
Evening star., 1933-07-22
DISTRICT REALTY
F. PRICES ST|FFEN|NG
Improvement in Business Is
Reflected in Land Sales
Levels Here.

The upturn in general business con-
ditions Is already reflected In stinened
prices Of unimproved District land. &C
cording to the Washington Real Estate
Board.
Promise Of the early release Of long
frozen bank funds, indications Of q
more liberal credit condition and the
gradual return of outside capital to
the Washington field are regarded as
highly encouraging signs.
There are evidences that unimproved
land areas, inside the city proper and
outside, are attracting unusual atten-
tion," says the board. Suburban de-
velopments have recently been drawing
new throngs Of prospective purchasers,
but actual sales have scarcely been in
keeping.
Vacant lands closer In are likewise
receiving far greater attention" the
board says.
Cash Sales Common.
One Of the singular developments Of
to all-cash sales, according to the
boards report.
Those who never before invested in
lots or homes and those who through
circumstances over which they had no
control lost their holdings through FORE
closures appear determined to pay of
In full at the time Of purchase, avoid
ing all future commitments. Since there
are relatively few in a position to do
this sales have been retarded.
There Is now nothing lacking either
In supply or demand. Inquiry reveals
that many desirable lots may be pur-
chased at not much more than SO per
cent OF the selling price set upon them
TWO or three years ago. The demand
for well located lots upon which to build
homes, according to the ideas of the
purchasers, or the appeal for attractive
homes already built, has never been
stronger. Frozen funds alone appear to
be holding up many sales.
Prospects More Numerous
zone of the larger subdivision de-
velopment corporations Of the city re-.
ports that the number of inquiries for
properties has vastly increased during
the last month and that there is rarely
any dispute as to the value Of OFFERINGS.
Executives OF this company say, how
ever. that 1t continues difhcult to close
sales. The fact that this form Of In
vestment has In recent days been made
the safest Of all, appears to carry little
weight.
Persistent reports that certain of the
larger life insurance companies are
about to release new funds to their local
loan agents are having some effect and
when this inflow of outside capital
comes about conditions in the market
Tor vacant land are bound to improve" T"
Evening star., 1933-07-22
40 STATES REVISE LAWS
Statutes Governing Building and
Loan Widely Affected.

Forty States have made substantial
changes in the last two years IN the
laws governing the building and loan
associations The changes have ranged
from the giving of authority to borrow
from the Federal Home Loan Banks
to the establishment of entirely new
codes Of operation and supervision
such as has taken place In Louisians
and Indiana. Rights of shareholder
have been REDEEMED in many instances
The type of loans which can be made
has been carefully set forth in more
than one State law. Payments Of divi-
dends Is made q matter for legal At
tention In some States.
Evening star., 1933-07-22

Is for q term Of five years and for an
undisclosed consideration.
Other leases reported were to the
High Ice Cream Co. for the following
locations: 5419 Georgia avenue, for
Frederic L. Kohler: $685. New Hamp-
shire avenue, for Joseph r. Little; 4714
Fourteenth street. for Frank e. Alte-
mus; 2507 Champlain street, for Mar
garet A. Morisi; 3712 Fourteenth street,
for Henry w. and Ada M. Strickland;
7231s Eighth street southeast, for Fred D.
Giesler; 1888 North Capitol street, for
Joseph D. Coblentz;. 1912 Park road, for
George M. Whitwell and Joseph P. Nor
gan, receivers for Arcadia Building: 1852
Mount Pleasant street, for Mrs. Louisa
B. MazZa.
Evening star., 1933-07-22


The increased activity Is measurable
and well distributed, the national as
soctAtton says. The current reports In.
dicate q vastly improved situation q
compared with the February survey,
which showed IS per cent Of the cities
with . less active market than the
previous year, "A in Q stationary con.
dition and only IL per cent with In
creased activity.
Lowest Level In 1881.
The lowest level Of the four-year
depression period from the point of
view Of market trends came in July,
1892. when SO per cent Of the cities
reporting showed declining activity and
only 8 per cent showed an increase.
Recent gain, the boards survey
shows. Is most general In the East
South Central section, where 81 per
cent Of the cities show Q more active
market and not Q single city checks
loss active" In the West South Gen.
trail section So per cent Of the cities
show an up movement; in the South
Atlantic section SO per cent, and In the
Pacific section SIS per cent. Strongest
Of cities Of between 200 900 and 500 900
population. where IS per cent report
rising activity.
while market activity h definitely
and generally increasing, prices are
generally still at depression levels. They
are lower than last year In 70 per cent
Of the cities reporting. They are al
ready higher in per cent of the cities
and approximately on last years level
In 10 per cent. The West South Gen.
tral section shows the most advanced
pickup, with 20 per cent Of the cities
Evening star., 1933-07-22

Continued On Second Page.)
Evening star., 1933-07-22
ADVANCE IS RECORDED
IN BUILDING materials S
Wholesale Cost Placed at 7e.s iu
Comparison, With Previous
Weeks Figure Of ~.

Recording steady advance, the
wholesale cost Of building materials
stood at 1873 July IS, as Compared WITH
" for the previous week, on the basis
OF the index figure Of 100 as of 1925,
according to the Bureau Of Labor sta
tisttcs, Department Of Labor,
Showing q continued upward trend,
the index figures for the last i've weeks
follow: June II, 1874; June "a, 74.2;
July ], 75.9; July 8, n, and July Is,
1873.
Evening star., 1933-07-22

CONTINUED on Second Page.
Evening star., 1933-07-22
EXTENT OF HOME OWNERS
AID UP TO TRUST HOLDERS
Willingness to Accept Bonds for Mortgages Will
Determine Relief for Property Holders.
Provisions of Act Explained.
BY VINCENT TUTCHING.

of relief accorded distressed
Governments mortgage
this hinge largely
Of
IN exchange for mortgages
refusal mortgage bonds
corporation only needy
value property forthcoming
his value unless holder
6rrep the hondS
The Washington times., 1933-02-22
APPROACHING OF WASHINGTON SOC
SOCIAL NOTES

Mr.. George T. Walker has
arrived in Washington from
Havana, Cuba, and is stopping
at the Carlton.
Mr.. and Mrs. James E. Car
son of New York are at the
Carlton for a brief stay.
Mrs. Charles j. Williamson
who makes her home at he
Shoreham will entertain at one
of a series of luncheonS tomor-
row. Her honor guest will be
Mrs. LoWrie Safer of Columbus,
o. and the company will num-
ber 20.
Mrs. Charles D. Crandall, OF
Warren, Pa, has been spending
a week at the Shoreham as the
guest of Mrs. w. w. Pilkington.
x x
Representative William F.
Brunner, of Rockaway, N. Y,
is q guest at Cne SnOTeLldLl'
X X 4
Mr.. and Mrs. L. L. Van
Setback, of Chicago, ILL.,, are
passing some time at the Carl
ton.
X \ X
The Secretary of Agriculture
and Mrs. Arthur M. Hyde re-
turned to the Capital last eve
ming from a motor trip through
Virginia on which they were ac-
companied by Mr.. and Mrs. Ell
ton Marshall.
The Washington times., 1933-02-22

Mr.. and Mrs. Guy Pearce
Jones, of New York city, are
guests at Wardman Park Hotel
while visiting in this city.
Mr.. and Mrs. w. A. Wheeler
of Albany, N. Y, have taken
a suite at the Wardman Park
Hotel with Mrs. Howard Mar
tin of New York City, and they
will be here for several days.
Mr.. and Mrs. Richard H. Will
mer, of Washington, are at the
st. Regis Hotel in New York.
Mrs. A. Stanton Merrill of
Washington, is at the Berk-
shire Hotel in New York.
Mrs. Sarah F. de Becker, of
Brooklyn, is at the Dodge for
the remainder of the winter.
Mr.. and Mrs. Morton L.
WallerStein, of Richmond, Va,
are at the Shoreham for a
few days.
\ X
Mr.. and Mrs. Langdon Pearse,
of Winnetka. ILL.,. are at Ward
man Park Hotel for short
time.
X
Miss Olive C. Sherley, daugh-
ter of Mr.. and Mrs. SWager
Sherley, is at the Waldorf
Astoria Hotel in New York.
The Washington times., 1933-02-22
Sail Saturday for
South America

The Charge d'Affaires of
Paraguay and Sonora de YnS-
fran, and their young son,
, Carlos, will leave Washington
this afternoon for New York,
whence they will sail, Saturday,
aboard the Eastern Prince for
their home in South America.
Sonora de Ynsfran, commits
sioner for Paraguay on the
Inter American Commission of
Women, will take with her
when she sails Saturday a ques-
tionaire on the status of women
under the laws of her country.
In cooperation with the COM
mission, Sonora YnSfran will
supply the information desired
by the Inter American group.
An educator and active femin
iSt, Sonora de YnSfran has made
many friends in Washington,
She was honored at a fare
we'll tea given Monday at the
headquarters of the National
Woman's Party. the Alya Bel
mont House. Miss Fanny Bun
and-SeVaStos, of Paris and Wash
ington, who is secretary at the
office of the commission, was
hostess. assisted by Mrs. Ruth
Taunton, headquarters secre-
tary of the party.
Mrs. Paul M. Linebarger pre-
sided at the tea urn.
X X
Mr.. and Mrs. George N.
OStrander have motored to
Washington from their home in
Saratoga Springs. N. Y, and
they are at the Carlton for a
brief stay,
The Washington times., 1933-02-22
Envoy Of Albania
Entertains

The Minister of Albania, Mr..
Faik Konitza, entertained at
dinner last evening, in honor of
His Eminence Cardinal Desig-
nate Fumasoni-Biondi. The other
guests included, Mgr. Marella,
auditor of the Apostolic Dele
cation; Mgr. Vagnozzi, secre-
tary of the Apostolic Delegation;
Rev. Father Hyland, secretary
to the Apostolic Delegate; Mgr.
Bernardini, dean of the Canon
Law Faculty at the Catholic
University, who has just been
appointed Apostolic Delegate to
Australia; DR.. Joseph Patrick
Christopher, Professor at the
Catholic University; Rev. Father
Joseph K. Cartwright, pastor of
st. Patrick'S Church; the Min
lister of Lithuania, Mr.. Bronius
Kasimir Balutis; Senator Henry
F.. Ashurst, of Arizona; Senator
David I. Walsh, of Massachu-
setts; Brig. Gen. Henry j.
Reilly: Mr.. Wallace Murray
and Mr.. Robert Kelly, of the
State Department; Dean Henry
Grattan Doyle, of George Wash
ington University, Professor
Ernest Durig; and Mr.. Robert
Swan Townsend, former United
States Consul to Albania.
X X X
Rev. and Mrs. Paul L. PowleS,
of Hagerstown, Md, have mo-
tored to Washington, accom-
panied by Mr.. and Mrs. Harry
K. Powles. and they will be at
the Carlton Hotel until Thurs
day.
The Washington times., 1933-02-22
Mrs. Couzens to
Give Tea Today

Mrs. Couzens. wife of Sen
ator James Couzens, of Michi-
gan, will entertain at a George
Washington Birthday tea this
afternoon at her residence in
Woodland Drive.
She will be assisted by Mrs.
Arthur H. Vandenberg, Mrs.
Roy o. Woodruff, Mrs. Wallace
Radcliffe, Mrs. Frank C. Bald
win, Mrs. Henry H. Rousseau.
Mrs. Henry Fitzhugh, Mrs. Will
liam Barret Ridgely, Mrs. John
H. Howard, Mrs. Hewitt Wells,
Mrs. William Jeffries Chewn-
ing, jr., and Miss Margaret
Wade
The Washington times., 1933-02-22
Dance at Club

A dance will be given at the
National Woman's Country Club
this evening for the members
and their guests, in celebration
of the birthday anniversary of
George Washington. A num-
Der of dinner parties will pre-
cede the dance.
); X
Mr.. and Mrs. w. B. Whit
lock of Springfield, ILL.,, are at
the Carlton for a few days, Mr..
Whitlock having come to Wash
ington to attend the meeting of
the American Savings, Building
and Loan Institute being held
at the Carlton.
The Washington times., 1933-02-22

At the recent annual meeting of the
Association of American Horse Shows,
Incorporated, tentative d ates for
Spring, Summer, and Fall shows were
assigned, and the election of officers
took place.
Mr.. Alfred B. McCally was re-
elected president of the association,
with Mr.. Pierre Lorillard, Jr., succeed
ing Mr.. William H. Wanamaker, Jr,
as vice president. Mr.. j. Macy Will
lets was reelected secretary-treas-
urer. NIf. Robert Scoville, Mr.. j. F.
Weller and Mr.. John D. Farrell re-
tired as directors, and the following
were added: DR.. Walter H. Brund-
age, Mr.. William c. Cox, Mr.. Timothy
Kelsey, Col. w. H. Henderson, Mr..
m A
The Washington times., 1933-02-22
SymphonyConcer'
On Tuesday

The Philadelphia Symphony
Orchestra will give its last pro-
gram of the current season
in Washington on Tuesday
night, February %, at Con-
stitution Hall. The boX-hold-
ers will include: The Minister
of Hungary and Countess
Szechenyi, Miss Mabel T.
Boardman, Miss Alice Clapp,
Mrs. William Crozier, Mrs.
Frederic A. Delano, Mrs. Sarah
Stokes Halkett, Mrs. Frederick
C. Hicks, Mrs. Oscar Jarecki,
Mrs. F. A. Keep, Mrs. Robert
Lansing, Mrs. Russell Magma,
Mrs. Adolph Kaspar Miller,
Mrs. Edwin B. Parker, Mrs.
Howard Sutherland and Mrs.
Ralph Worthington.
Mrs. Hoover may attend this
concert, but it will probably be
the last orchestral concert at
which she will be present be-
fore leaving Washington.
The conductor at this con-
cert will be the brilliant Rus
sian, Essay DobroWen, who led
the last concert which the
Philadelphia organization pre-
sented here. This is Mr..
Dobrowen's first season as a
conductor in America and, even
in these days, he has created
a sensation for his reading of
the classics and the newer
works. The program will in
clude: The hundred-year-old
overture to "Benuenuto Cellini,"
Berlioz's opera; a premiere
locally of "Passacaglia," by the
young wegian, Ludwig
Irge2s Jensen, dedicated to Mr..
Dobrowen; and TschaikoWsky's
very beautiful Fourth Sym
phony."
The Washington times., 1933-02-22
Sailing Today

The retiring Counselor of the
Czechoslovakian Legation and
Nine. Skalicky, with their young
son, Jan. left this morning for
New York, whence they will sail
this evening abroad the Man
haitian for Europe. They will
go direct to Lithuania, where
DR.. Skalicky will assume his new
duties as Charge d. Affaires at
KoVno,
The Washington times., 1933-02-22
Diplomatic Dean
Guest Tonight

The Ambassador of France
and Nine. Claudel will be the
guests of honor at dinner to
be given this evening by the
Ambassador of Belgium and
Nine. May, at the embassy in
Massachusetts, Avenue.
The Washington times., 1933-02-22
States Society
Ball Tonight

The annual George Washing
ton Ball, given by the New
England States Society, will be
held in the Hall of the Ma
tions of the Washington Hotel,
this evening, at $50 o'clock.
AS a special feature of the
commemoration program all
old-fashioned musicale will be
given by the Madrigal Singers,
under the direction of Mrs.
John Milton Sylvester.
The Sons of the American
Revolution will be represented
in the commemoration program
by Maj. Gen. Amos Fries, anu
the Daughters of the American
Revolution by Mrs. David D.
Caldwell, vice president general,
who will both make short ad-
dresses. The program will be
opened by the rendition of
Americas Creed" by its au-
thor, Mr.. William Tyler Page.
The George Washington Glee
Club, under direction of DR..
Robert Harmon, will also sing
several selections. Dancing will
follow.
Those serving as chairmen
of the various committees in
charge are Miss Betty Durr,
Mr.. James Beck, Mr.. Russell
Sutherland, Mrs. Frederic Yer
non. Miss Hattie Bishop and
Capt. William Humphries,
The Washington times., 1933-02-22
Memorial Dinner

Mr.. Rufus Putnam, Sd will
entertain at dinner this evening,
in memory of General Israel
Putnam, second in command to
General Washington, during the
Revolutionary War.
The Washington times., 1933-02-22
State Secretary
Dinner Guest
Last Night

The Secretary of State and
Mrs. Henry Lewis Stimson were
the guests in whose honor the
Assistant Secretary of State and
Mrs. Wilbur j. Carr entertained
at dinner last evening at their
residence in Wyoming Avenue.
Their guests numbered 16.
The Washington times., 1933-02-22
National Capital Horse Show Dates
Set for May 10, II, ~ and 13
at Picturesque Bradley Farms
9Y 8*33 co"'"~

AS Spring approaches members of the horsey set here
and elsewhere take and interest in hunting and
the preparations attendant upon the various
horse shows be held throughout this region within the
next few months.
The Washington times., 1933-02-22
Fete Debutante

Miss Elizabeth Burke, deb
utante daughter of DR.. and
Mrs. John w. Burke, will be
the guest in whose honor Mr..
and Mrs. Gaylord Lee Clark
will entertain at tea dance at
their home in Green Spring
Valley, Baltimore, this after
The Washington times., 1933-02-22
For Mrs. Sabin

Miss Sally Ferguson, daugh-
ter of the Federal Trade Com.
missioner and Mrs. Garland S.
Ferguson, jr., has issued invita-
tions for a tea at her residence,
1924 Eighteenth ST., on Satur-
day afternoon from 5 to 7
o'clock, in honor of Mrs.
Hilbert S. Sabin, of Baltimore,
who is a recent bride.
x \ X
Mr.. and Mrs. C. B.. Rugg will
arrive in Washington today
with a party of friends and
they will be at the Wardman
Park Hotel until Friday,