davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-09-02
Dratha.

ALLEN. HARRY r. On Friday. September
L, 1888. at his residence, 232 8 st. ne.
HARRY r. ALLEN, beloved son Of Thomas
E. and the late Odessa C. Allen. Funeral
from the above residence on Monday;
friends are invited. Interment Congress
sional Cemetery.
BAUCOM. AGNES II. Departed this life
suddenly on Thursday, August 81. 1898.
at her residence. 900 G ST. ne. AGNES
H; BAUCOM.. beloved DAUGHTER Of James
Dixon and the late Ada Dixon and de-
Evoted wife of Haywood Baucom, loving
mother OF William Baucom. sister of
Franklin Wood. Marion. Maurice, Hay
wood. Garland Ruth. Antoinette Dixon
and Mrs: Carrie Barnes; stepdaughter of
Mildred Dixon. She also leaves to mourn
their loss a host Of other relatives and
friends. Remains resting at Barbour
Bros funeral home; 4S st. ne,
until pm. Saturday, September -;
thereafter at her late residence Funeral
Sunday, September 3. at 80 pm. from
Galbraith Church, 9th st. between and
NJ sts. NV. Interment Lincoln Memorial
Cemetery.
Evening star., 1933-09-02
Births Reported.

Joe and Anita Haight. boy.
Clarence and Florence Dore. boy
James and Dorothea McLynn, boy.
James and Celine Slattery boy
Thomas and Ruth Tinsman boy.
Charles and Eleanor Avant. boy.
Daniel and Euzela Grentham, boy.
Edison and Dorothy Johnston. boy
Arthur and Ruth Reyman. girl.
Hugh and Marie Robey. girl.
Milton and Anna Wise. girl.
Frederick and Katherine Schmucker, girl
Paul and Myrtle Hammond. girl
Carl and Edna Simmons, boy.
Charles and Mamie Lane, girl.
Evening star., 1933-09-02
MRS. CARTER BURIED
Widow of Late Charles E. Carter
Died in Brooklyn, N. Y.

Mrs. Katherine Carter, widow of the
late Charles E. Carter, and for 40 years
a resident of this city, died from pneu-
monia in the st. Johns Hospital,
Brooklyn, N. Y. on August "a, it was
announced today.
Mrs Carter, who was buried last
Saturday in Rock Creek Cemetery here,
is survived by son, Charles E. Car
ter. manager of the Kings Highway
National City Bank of Brooklyn. N. ";
a daughter, Mrs. Marie Carter Bu-
chanan, wife Of Comdr Pat Buchanan.
U. S. Navy, who Is now stationed at
Chefoo, China, and sister, Mrs L. w.
Coudray, formerly of Newport, R. l.,
and now a resident of this city.
Evening star., 1933-09-02
TINE Ambassador Of Argentina and
Sonora de Espil left Washing
ton yesterday for Hot Springs,
i Va, where they will remain
over Labor day at the Home
Italian Ambassador
Host at Lunch Yesterday.

Italian Ambassador
Host at Lunch Yesterday.
The Ambassador of Italy. Signor
Augusta Rosso, entertained at luncheon
yesterday in the japanese garden OF
the Ritz-Carlton Hotel in New York,
The Ambassador will 60 to Hot Springs,
Va, today to remain over the holiday.
The Minister of Rumania Mr.. Charles
A. Davila is sailing today from New
York on the Bremen to spend two
months abroad.
The charge daffaireS Of Germany,
DR. Rudolf Leitrer was host to small
company at an informal dinner last
evening at the Mayflower in compli-
ment to DR.. Ernst Arthur VoretzSch,
Gc-man Ambassador to Japan, who ar
-! at the hotel yesterday and VIII
lea e today on his return trip to Toxic,
having been on leave in Germany. The
Ambassador, DR.. VoretZsch, Is wei!
known as an art connoisseur and col
lector and is the owner OF some very
rare Japanese works of art. Yesterday
afternoon he paid visit to the Freer
Gallery.
Miss Stella Akin, special assistant to
the Attorney General, Is entertaining
as house guests over Labor day, Mrs.
John F. Gleason of Savannah Ga, and
Mrs. A. P. Axtell of New York.
Former Representative and Mrs. S.
Wallace Dempsey have gone to Lock-
port, N. Y, where they were called by
the death Of their brother-in-law, Mr..
William E. McComb.
Miss Sylvia Szechenyi. daughter of
Ghe Hungarian Minister to London and
Countess SZechenyi, will be among
those in the Junior Horse Show at the
Walker Riding Academy at Newport
today.
Comdr. and Mrs. Walter W. Webster
entertained at the dinner dance on the
Shoreham terrace last evening in honor
of Lieut.. and Mrs. Arnold J. Isbell
Their other guests were Comdr and
Mrs. Charles A. Pownal, Lieut.. Comdr
and Mrs. James r. Allen, Lieut.. Comdr
and Mrs. Robert E. Thomas. Lieut.. Col.
Evening star., 1933-09-02
LOST,

DOG-Small. black and white; license No.
11444. Reward North 3244.
FOX TERRIER-Female. brown and white;
lost near Walter Reed Call GE. 4522.
FRATERNITY PIN-Sigma Chi Monday.
between 18th St and Pa. ave. and National
Press Pharmacy; engraved on back. CLeve-
land 1900.
GLASSES in blue case. labeled DIR. Baker"
in Lansburgh's on Tuesday; reward. Phone
Shepherd 3135-R.
Tivoli Theater. Reward for return. Teae-
phone Columbia 1859.
PIN. round, with head (helmet with circle
of damonds). downtown section. Reward.
Call Potomac 02S7.
PURSE-Lost Catholic U. st. car. 11th &
G. on Friday. Sept. /, about 11:40 am. Re-
ward. ME- S156. 3e
RINGsITwo: one a yeiiow-gold diamond
silver latis. Call AD. 79S3-J. Reward.
SPRINGER sPANIEL-Liver- -colored. with
white spots. long ears. female; lost in Rock
14th ST. NV. Columbia 1868.
Evening star., 1933-09-02

and Mrs. s. F. MaShbir and Lieut..
and Mrs. Paul E. Phil.
Mrs. Allen Rushton of Birmingham,
Ala. is visiting her mother, Mrs. David
H. Blair, in her apartment at Ward
man Park Hotel for some time.
Mrs. Henry McHarg has leased an
apartment at 210l Connecticut avenue
for the Winter.
Mrs. M E. Bretney entertained at
dinner at the Little Tea House last
evening, having as her guests Miss
Grace Whitehead and Mrs. G. T. Wat
son.
Pre- -Nuptial Festivities for
Miss Nichols and Mr.. Miller.
Miss Mary Reading Nichols anG
Mr.. Robert H. Miller, jr., whose mar
riage will take place this afternoon
were guests of honor at dinner last
evening of Mr.. and Mrs. A. Douglas
Farquhar, who entertained in their
home, the Cedars at Sandy Spring, Md
The other guests were members OF
the wedding party and out-of-tow
guests, the dinner following the re-
hearsal for the wedding
The wedding will take place at 4
o'clock in the old brick meeting house
of the Society of Friends at Sandy
Spring. The guests last evening were
seated at two tables decorated in yel-
low flowers and greens, and among the
ney Nichols, parents of the bride; her
brother and sister-inlaw, Mr.. ana
Mrs Janney Nichols of Westfleld,
N. j.; Mr.. and Mrs Stansbury Miller
of Philadelphia. Mr. and Mrs. Laur-
ence Janney Stabler of Wallingford,
Pa; Mr.. and Mrs. Harold Lounsbury
of Devon. Pa, house guests of the
hosts: Miss Jean Coulter. Mr.. Stanley
Stabler and the three sisters of M.
Miller, Mrs. Conant Webb Of Mont
claire. N j.: Miss Anne Miller and
Miss Mary. Moore Miller. Dancing fol-
lowed the dinner.
The Misses Miller and Mrs. Webb en-
tertained at luncheon for Miss Nichols
yesterday at Brooke Manor, when the
other guests were the mothers of the
bride and bridegroom. Mrs. Henry Mich
OILS and Mrs. Robert H. Miller; Mrs. A.
Douglas Farquhar, Mrs. William H. Gill
pin. Mrs Elgar Stabler. Mrs. Robert
Barnes. Mrs Charles c. Tumbleson,
Mrs. Andrew J. Boyd and Mrs. Francis
kirk OIL SANDY spring, MRS. Harold
Lcunsbury Of Devon, Pa: Mrs. Stans-
bury Miller of Philadelphia, Mrs Doug
las Stabler of Baltimore Mrs. Lotion
Wesley and Miss Helen Miller Of Wash
ington, Mrs. Laurence j. Stabler of Wal
lingford, Pa; Mrs. Robert NJ. Stabler of
Swarthmore, Pa; Mrs. Margaret Brooke
Of Pittsburgh, Mrs. Elizabeth Mathews
of Mount Airy, Md; Miss Jean Coulter,
Miss Clair Hutton and Miss Doris Lea
of Sandy Spring.
Mr. and Mrs. James c. Forsyth Of
New York City are guests over Labor
day of Headmaster and Mrs Clarke
Winship Slade of the Washington Coun-
try School.
Dr. and Mrs Harold W. Krogh have
returned to their apartment in the
Evening star., 1933-09-02
Joppa Lodge Chapter, No. q,
Benefit Party Wednesday.

Following short business session
of Joppa Lodge Chapter. No. 81.
Wednesday evening, the Ways and
Means Committee, Mrs. Lillian E.
Baker. chairman. sponsors bridge and
500 party for the benefit of the chapter.
Besides a beautiful door prize. there
will be prizes for each table. Playing
will begin at 9 o'clock. and 1t is hoped
a large number of members and their
friends will patronize this party. for
which only nominal sum will be
charged.
Mr.. Kenneth Horner and his sisters,
Miss Virda Horner and Miss Bertha
Horner, of Lyon Park. accompanied by
their niece, Miss Ruth Horner. of
Cherrydale, Va, left by motor today
Evening star., 1933-09-02
Uarn nf Chunks.

JAMES T. The family Of the
late JAMES r ANDERSON wish to ex-
many friends. relatives and employees Of
The Evening Star Newspaper for their
Of the death Of their loved one.
THE FAMILY.
Evening star., 1933-09-02
Marrianr.

GINDLESPERGER-LYN Mr. and Mrs
William Lynn of Washington, D. c.. wish
to announce the marriage Of their daugh-
ter: GERTRUDE MAY LYNN, to Mr.
on August 80. 1888. The marriage took
place at Hampton Va. The ceremony was
conducted by Rev. Theo 8. Will OF the
Episcopal Church Of Hampton.
Evening star., 1933-09-02
Stevens Hotel in Chicago. visiting the
Century of Progress Exposition.

Mr.. and Mrs. Millward c. Taft and
their son, Mr. Robert Taft, have re-
| turned from their Summer home in the
Green Mountains of Vermont. They
spent a part of the time in their old
home in Vergennes. They also spent a
few days in their Summer home in
/ Chelsea, near Montpelier, at the time
the special session of the Legislature
was being held. and met many
friends made While Mr.. Taft was sec
retary of the State Senate for 16 years
before coming to Takoma Park. After
their return Mr.. Taft attended a meet
ing Of the board Of Broadview College
in La Grange, ILL.,, and will visit the
Chicago Century Of Progress Exposi-
tion.
Announcement has been made of the
marriage August IA Of Miss Virginia
Givens, daughter of Mr.. and Mrs G. o.
Givens of Roanoke. Va, to Mr.. Jack
H. Rice Of Herndon, Va. son of Mr..
and Mrs J. H. Rice Of Charlotte Hall,
Md. Mr.. Rice is the principal Of the
Herndon High School. Mrs. Rice is a
don Mr. and Mrs Rice will be at home
after September 8 at Herndon.
Mr.. and Mrs. Louis Colangelo and
daughter, Jean Colangelo, left by mote.
today for Harrisburg, Pa. where they
will be the guests of Mr.. and Mrs.
George Warner.
Mr. and Mrs. A. F. Wright of Boston.
who motored here, where they will
spend few days. dined at the Little
Tea House last evening.
Mrs. Marie Tomlinson, accompanied
by her mother, Mrs. John F. Clark. left
today for Chicago to attend the Century
of Progress Exposition.
Evening star., 1933-09-02

Westchester after q months motor trip
in the West. DR.. and Mrs. Krogh spent
several days In indianapolis en- route to
Chicago, where they visited the Century
of Progress Exposition after the sessions
Of the American Dental Association.
From Chicago they notored to DR..
Krogh's former home in Minnesota.
where they visited his parents, Mr.. and
Mrs. Peter Krogh.
Mr. and Mrs. Arthur d. Condor will
return Tuesday from Bermuda where
they are making a brief visit.
Mr. and Mrs. Francis Nicholas Moran
of Staunton, Va, announce the mar
riage of the latters sister, Miss Mar
garet Harrington Meredith, to Mr.. John
Lee McCaffrey of Philadelphia and New
York. The wedding took place in st.
Joseph's Catholic Church in Washing
ton, Wednesday, August 80. The Rev.
William j. Meredith was the celebrant
of the nuptial mass, with Father Nc
the sanctuary.
Mr.. and Mrs. McCaffrey will make
their home in New York.
Mr. and Mrs. Maxfield Dunlap have
leased an apartment at 2101 Connec-
ticut avenue.
Large Company at Club
Michel Supper Dance.
Mr. and Mrs. Benjamin H. Bays, jr,
son-in-law and daughter of Mr.. and
Mrs Walter r. Tuckerman, were among
those at the supper dance last evening
at Club Michel. Among others in the
large company at the dance were Miss
Margaret Tyner, daughter Of Mrs.
Elonzo Tyner and Miss Eleanor Peyton
Calvert.
Mrs Charles Lyman has returned
to Washington and opened her apart
ment at the Wardman Park Hotel for
the Winter season after spending the
Summer at Pennington, Conn.
Mr.. and Mrs. NJ w. Thayer of May
wood. Va, left today for Rehoboth
Beach, Del, to be away until after
Labor day.
Mr.. and Mrs. w. W. Ellis Of Plain
field, N. j., are spending a few days
in the Capital at the Dodge.
Mr.. and Mrs. Thomas D. Harden
left today for Fortress Monroe. Va,
where they will be the guests of Capt.
and Mrs. r. w. Argo.
Mr.. Anderson Feted on
His Birthday Anniversary.
Mr.. and Mrs. w. D. Hurlbut enter
tanned at a birthday anniversary party
last evening in their home in Virginia
Highlands in honor of the latter's
father, Mr. c. B. Anderson. who cele-
brated his seventy,eighth birthday an
niversary A buffet supper was served
and the guests included Mr.. and Mrs.
Edward Soper Mr. and Mrs. George
RaulettZ, Mr. and Mrs Rand Creel and
their daughter. Miss Marie Creel Of An
nandale. and Mr.. and Mrs. Collette of
Chevy Chase.
Mr. Robert Kellar, son Of the Rev.
and Mrs. C. c. Kellar of Chua Danga,
District Nadia, India, is the guest of
Prof. and Mrs. NJ E. Kern in Takoma
Park for a few days en- route to Nash
vile. Tenn, where he will enter the
Nashville Normal and Industrial Insti-
tute. Mr.. Kellar was born in Takoma
Park while his parents were students
in the Washington Foreign Mission
Seminary, which later became the
Washington Missionary College, and
soon after his parents were sent to In
dia as missionaries
Mr. and Mrs. Charles NJ. Shoffner of
Timblin. Pa, are at the Shoreham for
an indefinite stay.
Mrs. Charles S. Hayden, with her two
daughters and son-in-law, are at the
Evening star., 1933-09-02
Epidemics Follow Wars.

Widespread epidemics have occurred
after every great war.
Evening star., 1933-09-02

Mrs. Henry McHarg has leased an
apartment at 210l Connecticut avenue
for the Winter.
Evening star., 1933-09-02
SOCIETY
Ambassador and Sonora de Espil Will
Remain Over Labor Day at
Hot Springs, Va.

and Mrs. s. F. Mashbir and Lieut.
and Mrs. Paul E. Phil.
Evening star., 1933-09-02

Mrs. Allen Rushton of Birmingham,
Ala. is visiting her mother, Mrs. David
H. Blair, in her apartment at Ward
man Park Hotel for some time.
Evening star., 1933-09-02

Mrs. M E. Bretney entertained at
dinner at the Little Tea House last
evening, having as her guests Miss
Grace Whitehead and Mrs. c. T. Wat
son.
Evening star., 1933-09-02

Former Representative and Mrs. S.
Wallace Dempsey have gone to Lock-
port, N. Y, where they were called by
the death Of their brother-in-law, Mr..
William E. McComb.
Evening star., 1933-09-02

Miss Stella Akin, special assistant to
the Attorney General, is entertaining
as house guests over Labor day, Mrs.
John F. Gleason of Savannah, Ga, and
Mrs. A. P. AXtell of New York.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1933-11-02
Washington Produce

Eggs-Market firm and lie highs- on
nearby current receipts and hennery
ca hss !sSss s
whites, 32034c: Government graded aHd
Standard. Sc. ~ A
Live Poultry-Market steady and TN.
changed. Fowl: Colored 11@1Sc: Leg.
Rock chickens (all sizes). 13015c;
Plymouth Rock spring broilers. Ice;
Reds and mixed colors, boise: Leg
horns, 1O@11c. Turkeys: Young toms. II
pounds and over, 15@16c; young hens
16@16c; 10 pounds and over, 16@1sc;
No. 2's f3m14c: old toms, 12@14C; old
hens, 12m14c. Guinea fowl. young, 500
zoe a pair. guinea fowl, old 40c pair
Capons, to 6 pounds, 20023c; capons,
to 10 pounds, 24026c.
Apples-no carlot arrivals: two broken
Bushels: Supplies moderate:. U. S. No
l stock offerings light; demand light
market steady. Maryland and Virginia
mum nuns ;1i59is g. fair cond ndon. ;10o
staymans. U. S. No: /. IN inches mini
minimum. sis S1.25: u. S. Utility, ~
$50; Yorks. U. S. No. /. 2h inches mini
mum, 90cQ$1; U. S. No /, ~ inches
minimum, $1.l501.25: unclassified IN
inches minimum. 5O@60c; Y. s: Utility
Utility 2A2 in. minimum Romes, 90c0
81. Black Twigs, Combination U. 9. No
!. and US. Utility ga inches minimum
$500; ~ inches minimum. i.10@1.25;
minimum staymans, 75c: u. S. Utility
~ inches minimum Jonathans. 9O@$1.
Boxes: Supplies moderate: demand
light; market steady. Washington and
Oregon. Delicious. Extra Fancy medium
to large sizes. $2.oO@2.15: Fancy. $3.50
@2;OO: Winter Bananas. Combination
Extra Fancy and Fancy medium to
large sizes, $1.5O@1.75.
Cabbage-One New York arrived: on
track 1 broken and 2 unbroken cars.
Supplies moderate; demand light;
vania. mostly around S1.35S1.4O
Celery-No carlot arrivals; 2 broken
cars on track. Supplies moderate; de-
"a crates. washed. As dozen. S2.25 o
2.50: few higher.
Grapes stock: Nine Califor.
mia arrived; broken and IL un-
demand light: market steady New York,
12-Qt. climax baskets, U. 8. No. /, Juice
Concords: SS@41c: cartons containing -
lot. baskets. various varieties. $2@2.25:
S SSS sa comnort :Ont111s H. 2aHsrt
stock: Supplies moderate: demand
light: market steady. California. Jugs.
Thompson SeedIess S1.4001.50. fair
condition. $125; Flame TokayS, S1.400
$50.
Lettuce-No carlot arrivals; 4 broken
and 8 unbroken cars on track. Supplies
moderate; demand light; market steady.
California, Western crates Iceberg type,
As dozen, 81.
Onions-Nor carlot arrivals. Four
broken and 3 unbroken cars on track.
Supplies moderate: demand light, mar
ket steady. Indiana and Michigan, So
pound sacks, Fellows. U. s. No. l..
9Oc 0$1. Ohio yellows. u. s. No. 1,
10O-pound sacks. 9Oc@$1: small size,
75o': 10-pound sacks, 18c.
Pears-No carlot arrivals: broken
car on track. Eastern stock: Supplies
light; demand light market steady.
New York. bushel baskets. Seckels
U. s. No. 1. ~ inch minimum. fair
condition. $1.2561.50: bushel baskets
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1933-11-02
CURBSTRENGTH
IS EVIDENCED
IN SPOTS

NEW YORK, Nov. 2 G.NS0.
The Curb Market exhibited a
moderate show Of strength in
continued dull dealings today,
with alcoholS and a scattering of
issues elsewhere along the line
in good demand.
RepeaIerS Spirited
The upSwing in repeal issues
was the most spirited in some
days.
The metal group was not overly
impressed by the further mark-up
in gold prices both here and
abroad.
Utilities were featured by a
squirt of ~ points in American
Gas and Electric, although it
eased somewhat subsequently.
SpeciaIties Erratic
The speciality group was char.
acterized by wise changes in GER
tain of the more volatile leaders
General Tire and Rubber showed
a gain of 3b points as against
5-point slump in Singer Manu-
featuring to 1875.
Oils were steady to firm. Cities
Service common slipped but deb
entures firmed.
Curb bonds showed a steady
undertOne.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1933-11-02
Business Machines
EARNINGS Increase

International Business Ma
chimes Corporation for the nine
months ended September 80 re-
ports net earnings, including
those from foreign subsidiaries,
of $4,378,148, equivalent to 1922
a share on 7O3,345 no par capital
shares outstanding, and COM
pares with $5,038,962 or $7.16 a
share on the same capitalization
reported for the first nine
months of 1882.
During the third quarter, earn.
ings after Federal taxes showed
an increase of more than $4,000
over those of the second quarter,
and amounted to $1,476,136,
equivalent to $2.10 a share. This
compares with net earnings for
the third quarter of 1882 of ST.
496,845, equivalent to $2.12 a
share
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1933-11-02
LATIN AMERICA
CREDITS SLOW

Slower payments on imports are
indicated throughout Latin-Amer-
lean markets in the quarterly sur
vey of credits and collections by
the foreign credit interchange bu-
reau of the National Association
Of Credit Men. Tightening Of ex-
change restrictions and the fall
Of the dollar both slowed collec-
lions, it reported through w. j.
Posted. president Of the Washing
ton Association of Credit Men.
The most marked change in the
collection index occurred in Ar
gentina, where the first time in
the five years since the surveys
were inaugurated, the country
dropped from the high rating of
fairly prompt" to very Slow"
the lowest classification in the
index.
Declines were also noted for
Bolivia, Colombia, Cuba, Ecuador,
Guatemala, Haiti, Nicaragua, PAN
anna, Salvador and Uruguay. Only
one country, Puerto RIGA, re-
manned unchanged. The remain
ing nine showed slight improve
ment.
Credit conditions in Is coun-
tries improved. In the other eight
declines were reported.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1933-11-02
MORE DEFAULTS
FOR GERMANY

NEW YORK, Nov. 2 G.N.S0.-
More than 155 million dollars of
German bonds went into default
yesterday and, added to the al
ready large list of defaulted Reich
obligations, bringing the total to
about three-quarters of a billion
dollars, according to Max Winkler,
economist.
Industrial bonds, he said, head
the list of November defaults, to-
falling $56,218,000, with interest
due placed at $1,719,200. Public
Utilities are close second, ag-
gregating $48.728,000 with inter
est totaling 81 ,563,415.
State and municipal, direct or
guaranteed, issues defaulting total
$30,655,500 with interest of ST.
O49, $50 due in addition to sinking
fund installments of $1,009,375.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1933-11-02
LITTLE CHANGE
IS SHOWN BY
COTTON

NEW YORK, Nov. 2 G.N.SO.
Cotton futures showed little dis
position to move in either direc-
ton today and held near the
previous close.
Professionals iStraddIe
Price.fixing orders for the do
nestle and foreign trade, partic-
ularly in the near months, and
scattered purchases by Wall
Street and brokers acting for Far
Eastern interests were offset by
Southern and local offerings.
Professionals were on both sides
of the market.
Worth Street reported a quiet
but firm market with first hands
quoting unchanged prices and
second hands offering little goods.
Lancashire cloth sales were re-
ported showing continued i'm
provement.
Weather Favorable
The weather was cloudy in the
eastern half of the belt, but there
was little rain and the West was
clear, so that picking and ginning
Of cotton continued to enjoy
favorable conditions.
Midday prices were unchanged
to 2 points lower with December
off l at 9.54, January off l at
$50. March off l at CTS, May
unchanged at 9.87, July off l at
1902, and October off 2 at 1917,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1933-11-02
Price Rise F rom Gold
Buying Is Doubted

The quantity Of money affects
prices only as it works through
buying and selling. It must &C
tually be used and circulate more
rapidly If it is to put prices up.
The quantity of money in exist
ence is only one of several fac.
tors which enter into the deter
mination Of prices.
Importance Diminished
Furthermore, gold does not have
the importance that 1t did for
merly. There is now no standard
gold dollar as q basis for our
money. Gold has been made like
any other commodity.
Only II we figure that some day
we are to return to the gold stand
ard and revalue the dollar in gold
does the gOld-bUying move seem
significant.
Looked at in this way, we may
reason that it shows us that the
Government is determined to re
value the dollar on the basis of q
smaller gold content. 1t suggests
that the Administration wants
something like q 5O-cent dollar
rather than the present 65-7O-cent
dollar.
Now the Government is appar
emily going to sell dollars in for
eign exchange to buy foreign gold
If we actually import gold, it will
merely swell our already huge
hoard. There is no way provided
thereby to increase the circulation
of money or credit.
Ineffectiveness FOreseen
We can depress the exchange
rate of the dollar, and this woulc
under normal conditions stimu
late exports and tend to raise
prices gradually. But there is lit
tie chance of that now. High
prices here, our tariffs and for
eign trade restrictions would pre-
vent much exports.
My conclusion is that the Gov
ernment's gold operations will no
affect prices much except as the!
may be effective in convincing
people that the dollar will be fur
Their deprecated by Government
fiat. That would mean genera
acceptance Of the conclusion tina
we are to have either currency
initiation" or a revaluation of thu
dollar to something like so cents
or both.
| There seems but one way tt
boost the price level, which il
to initiate so drastically that Specu
lation and fear buying" will
| again become effective.