davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-12-25
Miscellaneous and ! OF

Boxed Jewery. Was soc and 81 90. Csc and soc
Simulated Leather Bags Were $1.0 soc
Mems Women's Hdks. Were l5e to 81 Tie to soc
Dresser Sets. Were ST. .9s to $3.50 $l32 to $500
Metal Powder Boxes. Were soc to 81 Csc to SOC
Mussed Ribbon Novelties. Were $1.00.. ......... soc
Ribbon Novelties. Were Soc. 33c
Ribbon Novelties Were S1.OO. 67c
Notion Novelties Were soc % 81 co. Csc soc
Kanns-Street Floor.
Evening star., 1933-12-25
EVENING STAR WASHINGTON c. DL,1

tied Mrs. Huns brother -in-law and sis
ter, Mr.. and Mrs. g. B. Bissell, in Ruth
erford, N. j.. for q few days, have re.
turned to their home in Takoma Park
Evening star., 1933-12-25
soRoRITIEs TO MEET
Non-Academic Pan-Hellenic Group
to Be Formed.

to Be Formed.
A meeting of the proposed non
academic Pan-Hellenic Association, IN
troduced here by the Sigma Phi Gamma
International Sorority, will be held at
Wardman Park Hotel On January 8.
Bylaws will be presented for approval.
Sororities taking part in the forma-
tion of the association are: Beta Chi,
Beta Mu, Chi Sigma Lambda Chi,
Sigma Beta, Sigma Epsilon. Sigma
Theta. Tau Phi, Alpha Zeta Beta. Beta
Gamma Phi. Delta Theta Tau. Phi Beta
Psi, Phi Sigma Epsilon, Tau Beta Pi
and Sigma Phi Gamma.
Evening star., 1933-12-25
Sportswear-1 OFF

Tweed Knit Twin-Sweater 3pc. Suits. Were 3d.. $.50
Silk Bouses. Were $50 O.....................$l.5 $l.5O
3-pc Twin Sweater Suits. Were So.
Knitted Dresses and 3.pc Suits. Were $795... 1897
Ski Suits complete. Were $1S.50..... $9.25
Complete Ski Suits Were $1O.95 $5.48
Complete Ski Suits Were $29.75. .$14.ss
Plaid Wool Skirts. Were S.. 90. $3.50
Kann's-Second Floor.
Evening star., 1933-12-25
Riddles Wear Velvet.

Since Princess Margaret Rose ap-
peared in a dress of turquoise velvet
fashionable ktddies OF England are wear
ing velvet
Evening star., 1933-12-25
Stationery-4 OF

Novelties Book Ends, ETC. Were Soc Csc to IS
Boxed Writing Papers. Were 39e to $780,. Zoe to $l25
Kann's-Street Floor
Evening star., 1933-12-25
Negligees-1l ! Off

9 Veveteen Pajamas. We're S.. S3.es
Is Loungink Pajamas. Were 81.
Robes and Paamas. Were $s.e5 $4.4s
Ia Wool Knit Bed Jackets. Were $l95...........98
Velvet Pajamas Were S16.95 .S848
Nesi SO s
l Black Velvet Hostess
16 Silk Crepe Negisees Were $3.e5 s1.ss
Kann's-Second Floor
Evening star., 1933-12-25
Hosiery Off

172 Mems Fancy Socks. Were gle. 14e
101 Service Weight Silk Hose Were 69c. 44e
72 prs. Childrens Hose. Were 2lc.............14e lac
80 prs. Alen.A Bemberg Hose. Were 6sc....... .44e
Kanns-Street Floor
Evening star., 1933-12-25
Linens, Domestics-44, !, ! J OF

Household Linens. Were 10c to $40. Sc IS
Towel Sets Were ST 90 to Sc so .......75c to $3.95
Hand Embroidered Pllowcases Were ST pr....... Csc
Bed Spreads Were $3.50 to $s95.......$1e e5 to $4e5
Kanns-Street Floor
Evening star., 1933-12-25

Miss Ruth Nusbaum, who is attend
ing the Columbia Bible School, in Co.
lumbia, S. c., is spending her vacation
with her mother. Mrs. Agnes M. Nus
baum. at her home in Takoma Park.
Evening star., 1933-12-25
Toys-44 ! ! to ! OFF

MANY kinds of for girls and boy. damaged,
marred and reduced clearance
Kanns-Fourth Floor.
Evening star., 1933-12-25

Mr. Paul Thompson, jr., of New York
is spending the Christmas holidays with
his father.
Evening star., 1933-12-25

Mr.. r. T. Shelton of Fredericksburg,
Va. is a guest at the home Of his SON.
ln-law and daughter, Mr.. and Mrs. Cap
Finn, in their home at 200 Baltimore
avenue, in Takoma Park.
Evening star., 1933-12-25
terday Of a delightful social affair, when
ahniIf Onn nlInctc mnra acked In q candle

terday Of delightful social AFFAIR, when
about 200 guests were asked to candle
light tea at 4:3o o'clock by Mr.. and
Mrs. Farquhar in honor of their neigh
Dor, Mr.. Everett Sanders, chairman Of
the Republican National Committee;
Mr.. and Mrs. Douglas WEitlock, who
are making their home with Mr.. San
ders, and his sister, who is house
guest
The large drawing rooms Of the inn
were used by Mr.. and Mrs. Farquhar
for receiving their guests, while punch
was served in the attractive old kitchen,
which was built In 1928, and burning
Yule log in its huge fireplace added
cheerful setting to the occasion.
Mrs. Farquhar had assisting her iE
the dining room her two sisters, Mrs.
Edward r. Jacobsen of Washington,
and her daughter. Miss Claire Jacobsen,
with Mrs. T. r. Bailey of Chevy Chase,
and her daughter. Miss Marian Bailey
Christmas greens and candles were
used in profusion in decorating this old
homestead built in 1773, and which is
one of the attractive old homes in
Sandy Spring.
Arrangements for the annual Christ
mas dance of the Hyattsyille (Md)
Cotillion Club. to be held Friday eve
ming at the Beaver Dam Country Club
at Landover. Md, from 10 o'clock until
2, are complete. A large attendance
Evening star., 1933-12-25

u. S. Products Gain.
Purchases of American goods are in.
creaSing in Argentina.
Evening star., 1933-12-25
Xmas Cards Reduced
(SOId Only in Lots of 5
Off Original Prices!

Regular Sc Cards. 5 for lOe
Regular 10c Cards. ....5 for zoe
Kann's-Street Floor.
Evening star., 1933-12-25
from Prince Georges County and nearby
sections Is expected.

Mr.. and Mrs. G. B. Smith are enter
tanning a number Of Michigan relatives
over the holidays Their son, Mr..
Huron Smith, and daughter, Miss June
Smith. have come from East Lansing,
where they are students in the State
College. Their daughter, Miss Helen
Smith, came from Hanover Mich,
where she is principal Of the Hanover
High School, and Mr.. Smiths brother,
Mr.. Harry Mason Smith, and Mrs.
Smith and their daughter, Miss Anna
rita Smith, and his sister, Mrs. Helen
Smith Wright, of Lansing also are with
them for about 10 days.
Evening star., 1933-12-25

Mr.. and Mrs. Christian HUFF, who Wis
The Waterbury Democrat., 1933-03-10

This pup wants to play 50 let's tussle with him. Cut out the seven puzzle pieces and see if you can put them together again 50 as to form his silhouette. You may turn
 the pieces over If you wish.
Seward gateway., 1933-10-05
Traueler Finds
 People q Little more
 Optimistic, Usual

One of Alaska's most energetic of continuous travellers, George An derson, prominent business man of Juneau and piano tuner of Terri torial renown, has returned to this city from round-trip to the Far Westward and, for a few days, will be at the Van Glider hotel.
 But aside from his artistic abili- ties which have long been recog- nized, it is interesting to note the observations made by MT. Ander- son, who, previous to going West, covered the vast Interior areas, in- cluding Yukon river points.
 "As a whole, I found conditions exceptionally good,' MT. Anderson said, "and people seemed to be considerably more optimistic than when last had visited their local ities. There are few people left on the shores of the mighty Yukon, which I traversed in a small boat, due to lack of steamer service. Dawson is still good camp, and Fairbanks and Anchorage appear ed prosperous. The Westward is a grand country and it's potential re- sources, unquestionably, are amaz- ing"
 MT. Anderson has made SO many trips down the Yukon-not always in a small boat, however, as was his journey this year-that he has lost count, but each succeeding one holds just as many thrills as the first. he said.
Seward gateway., 1933-10-05
SANAK NEWS
(By special correspondent)

(By special correspOndent)
 School was started September Is with an enrolment of II children which is one less than last year. The children were greeted with nice, clean, white schoolhouse, as the teachers quarters-ErneSt E. Bailey-and the school building, had received a coat of paint, which made everything much nicer.
 & * < *
 The motorShip Expansion, Capt. Carl E. Anderson, arrived in San ak September 18 after a stormy trip from Seattle.
 The population of Sanak was in creased by four following the ar rival of the MS Expansion as MT. Carlsons two daughters, Miss Nel- lie Carlson and Mrs. Lewis Moses, and two sons, took passage from Seattle. They arrived at Seattle af- ter bus trip from Santa Cruz, Calf, where they had been living for the last 10 years.
 The salmon run in the waters adjacent to the island has been normal and most of the people salting salmon have been able to fill all the barrels they had pur- chased for that purpose
Seward gateway., 1933-10-05

Perhaps the most serious menace to carrying out of the recovery project planned lies in the fact that ment at time when he may not think it best for him to do What will Congress do when it reassembles and as it's prerogatives? Incidentally, the seriously centous obecors have not been heard from at a the date and their strength has not been cacu lated.
 Sourdongh Bill wants to know why they want re- peal? Isn't the present hard kker hard enu gizzars?
 The mistakes of yesterday must not blind us to the tasks of today.
Seward gateway., 1933-10-05
BAKE SALE SATURDAY

The Ladies Aid of the Communi- ty Church will hold a Bake Sale at the Candy Cottage next Satur- day. Home baked food, pies, cakes, bread, salad, baked beans, chilli, cookies and doughnuts, will be for sale. A lunch will be served from 1l:3O a. m. to 1:30 p. m. Special hot dishes will be cooked for this luncheon. Price reasonable. The money raised by this sale is to be used to pay insurance on the par sonage.
Seward gateway., 1933-10-05

The USS Cutter Discoverer is due to arrive in Seward between now and the 18th, according to the To- cal report.
The Washington times., 1933-10-16
2-PO|NT STEEL
GAIN LISTED

Speeding up production to COM
plete specifications on expiring
contracts by October Is, as re-
quired by the steel code. resulted
in a 2-point advance in SteelWorks
operations to 40 per cent last week
says the magazine Steel.
This acceleration however, does
not measure consuming demand.
Due largely to the fact the auto
mobile industry is beginning the
changeover in models, and that
users generally have just taken in
large stocks, the prospects now
are for a rather sharp reduction,
the magazine predicts.
New releases on fourth quarter
contracts and spot purchasing are
exceptionally light. Comparatively
little tonnage remains to be rolled
on third-quarter contracts. This
week, therefore, the industry will
be working entirely under the
price provisions of it's code.
Further price advances in some
iron and steel products are seen
as likely, following a rise of SIPS
to $500 ton in standard grades
Of furnace and foundry coke,
which is expected soon to exert
an influence on pig iron.
The Washington times., 1933-10-16
COTTON STOCKS
DROP IN YEAR

The total stock Of cotton in all
hands in the United States on
September 30, including the esti-
mated unpicked portion of the
current crop. was 18,266,000 bales,
compared with 20,333,00O on the
corresponding date last year, and
21,321 900 two years ago, accord
ing to the New York Cotton EX-
change Service.
The total distribution by eX-
ports and domestic consumption
during the first two months this
season was 2,4l3,000 bales this
year as against 2,02l, 900 in the
same months last year and 1,709,-
900 two years ago. Exports totaled
l,323,000 bales against 1,l24,0 900
last year and $4,000 two years
ago. Consumption aggregated l.
100000 bales as against 1000
and $4,000, respectively.
Although end-September stock
this year was 3,055,00 bales less
than that two years ago, it was
much larger than the average at
this time Of the year. It compares
with 14,783,00 bales in 1929, H.
$4,000 in 1928, and 14,091 900 in
1927.
The Washington times., 1933-10-16
BELL SYSTEM s
INCOME RISES

NEW YORK. Oct. 16 G.N.SD.
A net income substantially above
the preceding period and only
slightly under the corresponding
1882 quarter was shown today
by the American Telephone and
Telegraph Co., in it's report for
the quarter ended September 80.
Third quarter net income
amounted to $35,11O,8O8, equal
to $1.88 ashare on 18,662,275
shares, compared with $34,059,-
282, or $1.82 a share, in the pre-
ceding quarter and $35,413, 1893,
or $1.90 a share, in the same
period last year.
Earnings in the September
quarter brought net for the nine
months this year to $101,225,317,
equivalent to $5.42 a share, as
against $110.704,774, or $5.e3 a
share, in the first nine months
of 1882.
The Washington times., 1933-10-16
CHICAGO GRAINS
FIRM AF TER
RETREAT

CHICAGO, Oct. 16 G.N.S0-A
firmer tone developed in grains
here today under the leadership
of corn and oats, after wheat
dropped to a new low on the
movement.
Reversal Is Prompt
Carry-over liquidation sent
wheat down as much as 2bc at
the start but it quickly recovered.
After dropping to 7234c, the low
est since early June, December
wheat shot up about &c to above
76c.
Near midsesSion wheat was "a
to 1c up, corn 7s to 11sc higher,
oats 5s to bc up and rye 2A
to 29sc down.
Opening Irregular
Grain futures were irregular
at the start, opening as follows:
Wheat-December, 72A@74l2c;
July, 763sc
Corn-December, 3sh@391ac;
May, 46@46Ac; July, 481ac.
Oats-December, 28b @282sc;
May. 32@32Ac; July, 31@31Ac.
The Washington times., 1933-10-16
Trade Siftings
Worth While

New York State banks
gain $4,000 savings accounts
in September. Steel output
rise to 40 per cent Of
capacity is reported by
magazine "Steel". Fishers
commodity price index climbs
OIL per cent in week. Sep
tember domestic cotton con.
sumption 499,486 bales,
against 492,742 q year ago
:. Cream Of Wheat quarter
profit AZ cents on common,
compared with 36 cents in
preceding period .Safeway
Stores sales in four weeks
ended October I up SO per
cent from like 1882 period
:. Sears, ROebuck sales vol
ume maintaining uptrend
with 8 per cent gain over
ninth period last year. E.
National Tea sales in ninth
period $4,000 higher than
in 1882.
The Washington times., 1933-10-16
REPORTS
VOLUNTEERED

NEW YORK, Oct. 16.-Nineteen
banks and trust companies in
New York city have made public
condition statements as of Sep
tember 80, although neither the
Superintendent Of Banking nor
the Comptroller Of the Currency
issued a call.
The capital of these banks ag-
gregates 1888, 1886, 900 and surplus
and profits total $573 $50 900, the
latter item being decrease Of
$39, 1920, 900 from the total re-
ported by the same banks as Of
December 81 last. Decreases are
reported by II and increases by
seven banks and one reports no
change.
Reserves for taxes, interest and
contingencies now stand at STA
227, 900, the net increase in this
item for nine months being only
$4,O96,O 900 owing to the increase
of $22 ,098,00O by II Of the banks
and a decrease of $4,000, 900 in
the other eight.
The Washington times., 1933-10-16
CURB DOWNS|DE
IS GENERALLY
FAVORED

NEW YORK, Oct. Is G.N.S).
Curb stocks continued to favor
the downSide in generally quiet
dealings today.
Renewed liquidation again was
apparent in those groups which
had been carried sharply forward
In recent weeks on a wave of
inflationary buying.
. Metals Under Pressure
Mining shares were forced to
absorb further pressure on the
continued weakness in the quota
tion of gold and other metals.
Alcohol stocks were again in
supply, although most of the
active favorites tended to firm
up from their lows as offerings
quieted down.
Several speciality issues showed
independent strength, with pep
perell Manufacturing advancing
to duplicate. its previous high for
the year at 80.
Oils Are Unsettled
Oils were unsettled. Atlas Cor
poration dipped among the in
Vestment trusts.
The Cities Service list eased
slightly.
Curb bonds did comparatively
well, with American Gas & Elec-
trio SIS firming.
The Washington times., 1933-10-16
RALLY RECOUPS
PART Of Loss
IN COTTON

NEW YORK, Oct. l6 QN.S)-
Cotton futures rallied moderately
today to recover part of the loss
sustained in earlier trading.
The spectacular rise in the dol.
lar against foreign currencieS in
fluenced moderately heavy offer.
ings from commission houses and
Wall Street at the opening. Hedge
and Southern selling was gener-
ally light.
Price fixing for the domestic
and foreign trade offered the prir1-
cipal source of support with profes.
sionals taking contracts in ex.
pectation Of rally.
Midday prices were off 10 to II
points with December off II at
9.06c, January off IL at 9.13c,
March off II at 9.30c, and May
off 10 at 9.45c.
The Washington times., 1933-10-16
Refunding Operations
Discussed By Haney

were stable, both at home and
abroad.
Claim Budget Balance
But our Government claims to
have balanced its budget, and to
be in shape to borrow large sums
for It's recovery program. The
saving in interest charges from
our conversion is small-less than
$l9,000,000 a year. We are max.
ing no appeal to the patriotism
OF the public to put the conver-
sion across. Our prices are not
stable.
Perhaps the chief similarity is
that we, too, have a sort of mora
torlum on private long-term
financing. But this is because
our monetary and legal uncer-
taintieS have prevented business
concerns from raising funds
through the bond market.
Such a condition may, how.
ever, help the move here in some
what the same way that the
@~~o~Ao41 PLOAAN4GAOA Va PLIVdGC
issues helped.
1t seems obvious that our step
will be successful" chiefly be-
cause there are enough people
getting less than 31a per cent
on holdings Of Government Sc
curities to make it probable that
they will want to convert. Bill
lions of securities now yield less
to their holders.
The new bonds will go at a
premium. In fact, a half billion
is to be offered on the side for
cash at l01h-a 11a per cent
premium.
Moreover, the existing uncer-
tainty concerning dollars, makes
people wonder what to do with
money.
The probable effects of the new
move seem to me rather slight.
The Washington times., 1933-10-16
FOREIGN BONDS
DIP IN WARY
TRADING

NEW YORK, Oct. 16 G.NSJ-
Continued weakness in major
European government loans fea-
tured generally unsettled bond
market trading today.
German issues were sharply
lower on the war scare on the Con-
tinent, the international 51as and
the Agricultural Bank 5K2s both
dropping more than a point.
French Tvs also turned weak.
United States Governments were
largely pegged at previous clos
ings, with the only changes
through the first hour slight in
the Treasury 31ss and a fractional
dip in the Treasury 4As.
Rail issues turned easier. Nickle
Plate IS sold off rather sharply
and losses up to point were sus-
tanned in the Baltimore and Ohio
41aS, Northwestern 424s, st. Paul
adjustment SIS, Erie SIS Of rs,
Southern Railway general 4s and
Southern Pacific 41as Of IT.
Investment loans were in sup
ply, with Consolidated Gas IS and
American Telephone IS of IS off
fractionally.
The Washington times., 1933-10-16
Atlantic e Pacific
Months Sales Drop

Great Atlantic & Pacific Tea
Co. for the four weeks ended
September 30 reports sales
dropped $2,973, ,405, or 4.67 per
cent, from $63, ,634,8 in the like
1892 period to $60,66l.47S.
September tonnage sales were
estimated at 357,638, compared
with 391,865 a year before, a
decline in quantity Of merchandise
sold Of 34,227 tons, or S.73 per
cent,
The Washington times., 1933-10-16
LAG
IN CHICAGO

HICAGO Oct. 16.-Meat
packers and traders in provisions
are operating cautiously here and
watching the effects Of the va
rious Government codes relative
to their industry, the movement
Of prices for hogs and hedging
sales by packing interests.
Contracts for future deliveries
of lard declined 721a to 80 cents
q hundredweight last week and
closed at the bottom. with Oc-
tober lard at $4.6212, or 222
cents higher than a year ago.
December lard led the decline
and closed $4.771a, while January
finished at $5.3212.
Bellies for October were $4.62R
at the close; December. $4.75;
January. $5.55, and May. $6.10.
Cash lard was $4.72, with loose
and leaf 10 cents discount.
Packing here since March l
has aggregated 4,443,000 hogs,
compared with 3,4l2,000 for the
same time last year.
The Washington times., 1933-10-16
Hog Market SLOW
With Prices LOUer

CHICAGO, Oct. 16 G.N.S.).
The Hog Market was slow and
bids generally 10c lower today
which brought the best hogs Of
all weights down to a S. basis.
Many good hogs sold at $4.75 to
$4.95.
The supply Of cattle was $4,000
which was excessive and prices
were mostly Csc lower for both
steers and she-stock. Stockers and
feeders showed no quotable
change.
Sheep receipts were $4,000.
This run was excessive and bids
were 25c lower.
The Washington times., 1933-10-16
NEWGREYHOUND
TR|FF|C CHIEF

L. H. RiStow. appointed gen.
eral traffic manager in charge Of
sales and advertising for Grey
hound Lines, to succeed j. B.
Walker, recently resigned, took
over his new post Saturday, it
was announced at the local Of
fices Of the company today.
Mr.. Ristow is in complete
charge of all traffic of Grey
hound Lines east of Chicago and
st. Louis and north of Louisville
and Washington. He also is in
charge of promotional sales and
all newspaper and magazine ad-
vertiSing for this area.
He has been associated with
Greyhound Lines since 1928, and
until his promotion was assistant
to Mr.. Walker. He gained his
advertising experience Sellin g
space for the Wisconsin State
Journal while attending the Uni
versity of Wisconsin. His offices
will be retained in Cleveland.
The Washington times., 1933-10-16
Decline in Chicago
List ADerdQe Seen

twenty-five representative
stocks listed on the Chicago Stock
Exchange had a market value at
the close of business, October "A,
of $473, ,110,711, a decrease Of SILL
148, ,026, or 2.3 per cent. as COM
pared with $484,258,737, at the
close of the previous week, ac-
cording to a compilation by Paul
H. Davis and Company.
At the close of the correspond
ing week year ago the same IS
stocks had a market value Of
S4s7, ,948, ,013, indicating a decrease
during the year of $14,837 1902, or
3.04 per cent.
The Washington times., 1933-10-16
NeW York Life Adds
S43.I33.OOO Assets

For the first nine months OF
this year the total income Of the
New York Life Insurance Com.
pany exceeded the total disburse.
ments by $43,133,0 900, Thomas A.
Buckner, president, reports.
Total income Of the company in
the period was $277 ,990,000
against 34,857 900 diSbursed in
the nine months. Included in the
disbursements, were $lss,870,000
paid to policy holders and benefit
ciaries. The balance Of $45,987,.
900 represented payment Of trust
funds, dividends. reinsurance,
taxes and other expenses.
The Washington times., 1933-10-16
Variety Stores
Boost Sales

Total volume Of sales by
variety stores in the United
States during September was
estimated at $58,8OO, 900,
against SIS, 10000 for August
and $53,6OO,OOO for Septem-
last year, according to the De-
partment of Commerce.
These estimates, which in
clude all five and ten cent
stores as well as dollar variety
stores, are the first from the
new retail sales statistical SER
vice recently inaugurated by
the department.
August sales registered an
unusual advance" of 81 per
cent over July, the report
stated. The September in
crease over August was 712
per cent.
The Washington times., 1933-10-16
CHICAGO LIVESTOCK

CHICAGO, Oct. Is G.N.s).-Hogs-
10000; 10c lower. Top. $780, bulk, SAC
@49o; heavy. $+4O@5.OO; medium, $3.50
$500; light, $45O05.oO; light lights
$4.4O04.90; packing sows 1926 400
pigs, $3.75@475. Holdovers, 1000.
Cattle-25,00O; Csc lower. Calves
1000; steady. Beef steers-Good and
choice, $5.5O@6.5O; common and medium
$500 $50; yearlin ings, $4,000 $50.
Butcher cattle - Heifers, $4.O0@6.O0;
COWS. s2.OO@4O0; bulls, S2.5o@4.OO;
calves. $5.OO97.O0; feeder steers, $4,000
$50: stocker steers, $3.0O@4.50; stocker
cows and heifers. $2.5OQ375.
Sheep-25,0 900; 25c lower. Lambs, $3.50
@7.O0; common, $4.000475; yearlings,
$500 9475; feeder lambs, $5.76@6.25;
ewes, &15O0275.
The Washington times., 1933-10-16

France have both converted"
bond issues bearing high interest
rates into new issues bearing
lower rates and having more
favorable maturities. 1t may,
therefore, seem that our move
is the same as theirs. which were
both important and successful.
England, however, was IN seri-
GUS financial difficulty. She Sc
cured a large saving in interest
charges. She reduced her inter
est from 5 to 3A per cent.
France converted S, 4, and Z per
cent bonds into a AZ per cent
issue.
Both nations appealed to
patriotism, and England actually
declared a moratorium on private
long-term financing to help her
conversion. Their price levels