davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
TRADERS WELCOME
RUSSIAN RELATIONS
Expect Opening of Big Mar
ket for Farm implements
and SURPRISES.
Special Dispatch to The star.

Special Dispatch to The Star.
NEW YORK, November Is CNANA.).
Recognition Of Russia was welcome
news to Wall Street, although it was
received too late TO be reflected in yes
terday's market. The response, of
course, will depend on the terms under
which resumption of diplomatic rela-
tons was agreed upon, but the hope is
that 1t will mean the opening of mar
ket for American agricultural imple-
ment manufacturers as well as for sur
plus farm products. There has been at
times large-scale speculation in the
farm stocks in expectation of some such
benefit.
While. the matter Of claims against
Russia Of American Nationals is of
great interest to Wall Street, 1t is i'm
probable that anything will happen to
help the holders Of the bonds floated in
this country by the Czarist regime.
These seem hopelessly outlawed. They
were selling yesterday on the curb be-
fore the official announcement between
and cents on the dollar.
Dollar Control Works.
One thing which the events of the
week have established is that there is
stu power In Washington TO check the
decline in the dollar when that seems
desirable.
The first method adopted, to hold I'M
changed the price of gold, was unsuc-
cessful, but the second, the putting Of
barriers In the way of export Of capital,
was successful. For the moment the
dollar is being supported around so per
cent OF its old gold parity
No one supposes that the fight of
capital can be permanently prevented If
economic conditions in the United
States make 1t profitable 1t can, how
ever. be made difficult and that is what
is being done, without Official advertise
ment.
1t has been necessary all along to
show good reason for the purchase of
foreign exchange, but the policy has
been to be lenient so long as the
depreciation of the dollar was being
accelerated. Now the restrictions are
being frightened and it is no longer
allowable for brokerage house to buy
large blocks. Of sterling bonds In Lon
don, for instance, selling dollars to
obtain the pounds necessary for paw
ment and then retailing the sterling |
securities In the United States. That
was export Of capital on a large scale.
There are plenty Of other WAYS of get
ting money out Of the country. many
Of them devious and some Of them al |
most impossible to detect, but it cannot |
be done as openly as heretofore.
Bear Account Vulnerable.
Aside from this Official interference.
however, rally in the dollar was over
due on technical grounds alone. The
large open bear account in the dollar
abroad was vulnerable, just as the large
open bull account in silver futures
proved to be yesterday 1t does not
necessarily follow that the trend in
either market has been changed. So
ong as uncertainty exists with regard
to the point of ultimate sterilization.
The dollar will be subject to periodic
sinking spells, followed by sharp re-
coveries, all to the detriment Of inter-
national trade.
Copyright, 1898. by North American News
paper Alliance, nnc)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
SHIFT OF AMERICAN FUNDS
HELD SERIOUS BLUNDER"
Financial Publisher Points to Billions
ALREADY Bemired in Europe"
Stresses U. S. Safety.

than its national wealth or its credit
backing
we spent money lavshly on an
idealistic war to save the world from
destruction. Did we succeed No. Eu-
rope Is today an armed camp
I'VE spent additional billions of our
funds TO aid In the reconstruction of
devastated Europe. We are whistling
for the return OF the bulk of this cap
ital--apparently in vain.
Our debtors are pleading poverty as
an excuse for not paying their debts
to us. Yet. our blind capital regards
their currencies and securities as sound
er than our own. 1t is like asking a de-
faulter TO take care of and safeguard
our possessions
The most secure place for American
dollars in at home"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
MARYLAND BANK
LAW HELD VALID
Reorganization Section of
Act Upheld in Annapolis
Court Of Appeals.
Special Dispatch to The Star.

Special Dispatch to The Star.
ANNAPOLIS, November 10. - The
bank reorganization section of the State
emergency banking law was cited as
committing to the bank commissioner an
unrestricted, unlimited. unbridled dis
erection and power yesterday in argu-
ment before the Court of Appeals on
the constitutionality Of the section.
The case came up on an appeal from
a decision of Judge Eugene O'Dunne, in
Circuit Court No. 2, Baltimore City, in
an action brought by Ethel e. Nagel,
Margaret Ballerstedt and Harry L. Con-
ner dissenting to the plan Of reorgani-
zation of the Union Trust Co. of Mary
land. John ]. Ghingher, State bank COM
missioner, and the trust company were
the appellees.
ton brought by the appellants sustained
the constitutionality OF the reorganiza-
ton section. refused an injunction and
entered a decree for the ascertainment
Of the fair value of the appellants in
terest in the trust company.
Hold Remedies Lacking.
The attorneys for the appellants held
that the reorganization section, section
I'LL deprives depositors of existing legal
remedies against banking institutions to
enforce payment of deposits, without af-
fording an alternative remedy substan-
TALLY equivalent in coercive force to
that provided by law when the obliga-
ton was contracted and that 1t pro-
Wjes no standards for reorganization
plan TO be proposed by the depositors,
and no standards for the approval of
a. rn1a ktyf IA fn,oy nh
The appellants brief concluded with
the statement that the section under at
tack unless struck down by the Court of
Appeals demonstrates that plan can
be foisted upon innocent depositors of
the Union Trust Co. which defeats JUS
tice, promotes distress and imposes dis
ordinations, and allows stockholders to
escape their $2,5o0,000 liability, at the
same time concealing and not disclos-
ing pertinent facts essential to assent or
dissent"
The position taken by the trust COM
.pany was that the banking law and the
Reorganization plan are both constitu-
tional and entirely legal and that the
question Of whether or not the plan Is
legal or constitutional was immaterial,
because the plaintiffs had all elected to
dissent from the plan and refused to ac-
cept 1t.
Small Minority Cited.
Attorneys for the bank pointed out
that the appellants represented insig-
nificants amounts Of deposits, approx
mately $4,000, and only three deposit
tors, stating that the bank had 70. 900
depositors.
They commended further that this is
a case where all of the depoSitors and
creditors have accepted the plan except
the insignificant number represented by
the appellants and the well settled
equity principle would apply in this case
that an injunction will not be granted
where it will do harm to large num-
Der of depositors of the appellee and
viii not benefit the appellants"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
LOW PRICES MAY CUT
TURKEY RECEIPTS HERE

Decline in prices is reported to have
q tendency to reduce receipts OF turkeys
for the Thanksgiving holiday season
and may result in shippers seeking
markets where higher prices may rule.
Dealers say their is no possibility of
a high market, however, conditions this
morning suggesting the probability of
ascent retail market during the ap-
preaching holiday season.
Receipts Of chickens are reported
fairly heavy, there are plentiful sup
plies Of ducks and a probable heavy
increase In receipts Of rabbits. Cheap
prices on all three commodities are ex-
pected during the holiday market
selnn8.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
FEDERAL AID ASKED
FOR GIGANTIC HOME
REPAIRS PROGRAM
At Least $500, 600, 900 Could
Be Spent Wisely, Building
Leaders Declare.
BY the Associated Press.

By the Associated Press
CHICAGO, November 1s-The build
ing and loan industry believes at least
$500 900, 900" could be spent wisely at
this time for replacement and modern
ization Of Americas ''insanitary" and
otherwise deprecated homes
Already discussions have begun with
the Federal Public Works Administra-
ton regarding a plan TO use part Of
available housing construction funds for
some such project, which the United
States Building e. Loan League terms
the greatest possible market for labor !"
At least one-third of the Nations
homes, it Is estimated by the league
probably could use an average of $500
for modernization or repairs.
Two Aims Outlined.
In this connection, the league has pro-
posed a double-barreled programme
placement of insanitary one-and-two-
family houses in communities protected
by sanitary codes, and modernization of
other homes whose values viii slump
still further II improvements are not
made.
Not more houses, but better houses
constitute the actual need of the country
in the residential property field" says /.
Friedlander Of Houston, Tex, chairman
OF the leagues Home Building and
Home Owning Committee.
This means that the Nation needs
a strenuous campaign for home mainte-
nance. In our conception. the real crux
OF the matter Is maintenance Of value
now existing in home, not so much by
making it fashionable as by making it
comfortable according to modern stand
ards Of living
The major importance of providing
adequate financing for modernization
or maintenance projects lies in the need
for employment in the construction
trades, a need which could largely be
met by strenuous undermining cam
paign among home owners who have
equities to protect"
Equal Chance Urged.
It is the league contention that
smaller cities, where a great proportion
of the home maintenance activity would
be conducted, should have the same op-
pormnities as metropolitan areas where
Stun clearance projects naturally are
conferred.
Decentralization of modernization
and replacement activities" declared
Friedlander, "also would aid materially
in distributing the employment pro-
vided, and prevent an unwise trek to
the cities of unemployed persons in
small towns"
The league estimates its own loans
for all purposes, including home mod
ernization, will fall short this year of
the approximately $500, 900 900 loaned
IN 1882. In more normal" years, the
leagues loans total about 81 900, 900, 900
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
LOSERBALANC|NG
Of FARM OUTPUT
AND DEMAND DUE
Domestic Needs Are Expected
to Rise as Foreign Mar
ket Says.

Better balanced production relative to
demand for farm products is in prospect
IN 1893; according to the annual outlook
released by the United States Depart
ment Of Agriculture. The domestic de-
mand, 1t states. seems likely to improve,
but prospects for improvement in de-
mand for American farm products in
foreign markets is less favorable.
aspects OF the world wheat situation
considered favorable are found in the
prospect Tor improved business condi-
tons in various countries and in the
possibility of a reduction in wheat acre
age and some relaxation of import re-
Strlctions as result Of the London
Wheat Conference.
Feed Supplies Small.
The total supply of feed grains for
the 1884 season is smaller than that
ior any year ince 1901. 1t will tend to
discourage production of live stock for
market in 1884. At the beginning of
the year, the supply of meat animals on
farms probably will be slightly larger
than at the beginning of 1888. Total
nve weight OF hogs to be slaughtered is
estimated TO be IL per cent smaller. but
II seems likely that the increase in cattle
numbers viii more than offset this re-
auction. Demand for beef NAV be
stimulated somewhat 1t is believed. as
a result Of reduced production Of COM
peting meats.
Sheep numbers in the United States
are on the downward trend and wool
production this year is said to be
smaller than in 1882
Dairyiug Lull Expected.
During the next year or two. the rela-
lively favorable situation which dairving
has experienced for several years seems
likely to be less favorable to dairy pro
ducers, according to these officials. As
evidences Of weakness in the present
situation they point to record stocks of
dairy products, lowered rate of con-
sumption, a high rate of production.
record number of cows being MIXED on
farms, and low prices of meat producing
i've stock that tend to make it more
profitable to use feed for dairy produc-
ton than for meat production.
That production of eggs this Fall and
early Winter will be as small as, or even
smaller than, last season appears
probable.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
ALPHA SHARES COMPANY
TO OPEN OFFICE HERE

Formation of Alpha Shares, Inc, to
purchase. sell and hold securities for
investment was announced yesterday by
Alpha Distributors, Inc, Jersey City.
N. j., which will act as sales agent for
the participating stock Of Alpha Shares.
Alpha Shares is incorporated under the
laws Of Maryland and its registration
statement is on file with the Federal
Trade Commission. Authorized capital
participating stock with q par value OF
Fl a share end 1000 shares Of class
B tvoting) stock with a par value of
81 a share
The new company is opening an Of
flee in the Shoreham Building here.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
Special Dispatch TO The star,

Special Dispatch TO The star,
n YEw YORK. November ls.-Cap-
ital is committing another
serious blunder by rushing to
transfer dollars into foreign
curreacies when billions of
American dollars are already bemired
In Europe" Louis Guenther, publisher
of the Financial World, declared last
night,
"Timid owners of dollars are rush.
Ing to transfer them into foreign cur
rencies and other alien obligations,
thinking thereby to provide safer
haven Of security than our own mon
etary unit" he said. What they over
look in their calculations is that the
currency Of any country is no safer
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19

~ Gd(CS CIld pttl
president. The per-
sonnet of this com
mittee consists of
Joseph r. Fitzpat-
rick, assistant CASH
Ter Second Nation
al Bank, chairman;
Francis z. Robey.
assistant cashier
Bank of Commerce
& S a V in gs, and
H e r b e r t Lawson,
Washington Loan
& Trust Co.
Mr.. Fitzpatrick
was educated at
st. Dominic's Pa
rochial School.
G onzaga High
School and Fu1er-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
CLEARING HOUSE ISSUES
REPORT AT NEW YORK

BY The Associated Press
NEW YORK, November l8:- The
weekly statement OF the New York
Clearing House shows:
. Total surplus and undivided profits,
$729, 1852 400 (unehanged); total net de-
mand deposits .(average). $16.777, 900
(increase); time deposits (average).
$842l0 600 tdecrease); clearingE, week
ending today, S3,074, e84,557: clearings,
week ending November IL (hve days.,
$2.530, 989, $50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19

son Institute. He was graduated from
the American Institute of Banking in
1881 and is member of the local chap
ter's beard OF governors. its Educa-
tional. Entertainment, Public Speaking
and Membership Committee. He, at
tended the institute national convention
in Pittsburgh as delegate of Washing
ton Chapter
The new committee chairman has
been connected with the Second Ma
tional Bank during the past IL years.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
MOODY'S INDEX BARES
RISING TRADE TENDENCY

NEW YORK, November 1s.-Statis-
tics appearing during the last week
indicated tendency toward a rise in
business activity, partly In response to
imitation sentiment. according to Moody,s
index figures for freight car loadings.
electric power production and steel
ingot output.
These index figures are adjusted for
Seasona, variation-that is, If the
change from the previous week should
coincide with the normal seasonal
change, the index figure would be un-
changed
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
WOOL CLOTH TRADE QUIET.

NE WORK. November 10 (P).-The
wool cloth market is now in "a pro-
nounced lull." largely because of sea-
sonal factors, says the New York Wool
Top Exchange Service However, re-
tail sales of women's wear improved
this week. with the result that manu-
facturers reduced stocks and took .
armer attitude On prices. -.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
3. & o. LAYOFF AFFECTS
SHOPS AT CUMBERLAND
Special Dispatch to The Star.

special DlSpatch to The Star
CUMBERLAND, Md, November 10
The seven-day furlough ordered by the
Baltimore q Ohio Railroad for shop
workers, beginning Monday, will affect
near 500 men in Cumberland and about
800 at Keyser, w. Va, % miles west
of here, it is announced. More than
1000 will be laid oil altogether, COW
ering major shops.
The furloughs, it is said. are hang
made in accordance with buds,s re-
quirements
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
IMPORT TRADE HALTED.

NEW YORK, November 10 Op),-
Fluctuations of the dollar have resulted
in a virtual standStill in the import
trade, according TO executives. While
some goods that were ordered months
ago are coming in, new commitments
have been stopped completely because
Of the inability Of importers to figure
the costs Of goods
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
NAMED D. c. DISTRIBUTOR.

CHICAGO. November 10 Especially -
The Doubleday Hill Electric Co. of
Washington, D. c., has been appointed
distributor In its area for GrunoW
radios, manufactured by the General
Household Utilities. Co., it Is announced
by William G. ,Gr0now. president. !
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
FURNITURE INTEREST GAINS

NEW YORK. November ID Op).-A
record attendance for a seasonal show
ing has been noted by the New York
Furniture Exchange Main interest has
centeree In modern styles, with empire
period goods also coming IN for atten-
ton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
INSTITUTES AUDIT
committee CHOSEN
Assistant Cashier of Second Ma
tional Named Chairman by
President Lacey.

The Audit Committee of Washing
ington Chapter, American Institute of
Banking, for the administrative year
1884 has been appointed BY Robert
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-11-19
SILVER QUOTATIONS.

Special Dispatch TO The Star.
NEW YORK, November IS.-Handy
q Harpan quote bar silver today Al
ssk ce{ts. on TX.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-25
SEVEN CITY STUDENTS
WIN PURDUE HONORS
Recognized for Campus Activities
and Scholastic Excellence.

Recognition for campus activities
and scholastic excellence has been
given seven indianapolis students at
Purdue university.
L. l.. Mcdonald mechanical en-
cheering student. has been elected
to membership in Pi Tau Sigma,
honorary mechanical engineering
fraternity, and to Scabbard and
Blade, national military fraternity.
Others are:
F. Lambertus, chemical engineer
ing junior, elected to Catalyst, hon
orary chemical engineering, frater-
nifty.
w. " Covert, mechanical engi-
noerng junior, elected to Scabbard
and Blade.
S. MallesS, junior mechanical en-
cheering student, elected to Pi Tau
Sigma.
H. harrington, mechanical engi-
neering student, chosen as member
of cast of the Independent Associa-
ton play.
Mary HartSock, home economics
senior, is in charge of decorations
for the Bingham Hop, dance spon-
sored by Mortar Board.
Kathryn Blank. home economics
sophomore. in cast of play given by
the independent Association.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-25
Modified immigration Laws
Proposed by New York
Congressman.

By cripps-HoVard Newspaper Alliance
WASHINGTON, March 25.e-Rep-
resentative Samuel Dickstein,
chairman of the house immigra-
tior committee, is drafting a reso-
luton to modify the immigration
law to permit entry of Jews being
prosecuted by the Hitler Nazis in
Germany.
Pending passage by congress of
some such act, Alfred Lief, New York
author, has appealed to Labor Sec
rotary Frances Perkins, urging her
to relax the present stringent re-
strictions in behalf of political re-
fugees.
The Dickstein resolution would
give the President power to suspend
the quota law for six months to al
low asylum for persons being perse-
cuted for their political or religious
views.
Dickstein plans to urge former
Governor Alfred Smith of New
York to come to Washington to
testify for the resolution.
Dickstein already has introduced
a resolution to suspend President
Hoover's order of Sept. 8, 1880,
clamping down immigration restric-
tons. Dickstein said that this or
der has kept out of the United
States between 10000 and 10000
Germans on the false philosophy
that they would become public
charges.
Admission of German refugees at
this time would not in any manner
complicate our labor situation, 3"
Dickstein said. "On the other hand
it would provide us with some of the
best brains in the world"
Lief recites press reports to show
that Jews of talent and achievement
are being prosecuted by Hitler's
NaZis.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-25
THREE ARE SHOT
IN BATTLE AT
ILLINOIS MINE
Clash Takes Place When
2 Factions Start Throwing
Rocks at Each Other.
PAGE
By [ nited Press

By nitfd Press
ELDORADO, Ill, March 25.-
Three progressive miners today we're
recovering from gunshot wounds
sustained when 800 progressive min
ers clashed with a skeleton crew Of
United Mine Workers as they left
the shaft of the Dering Mine Com
pany mine No. Friday night.
The shooting started after the two
factions started throwing rocks at
each other. Those shot we're James
beware, Clyde Bates and James
Price.
Deputy sheriffs were rushed to the
mine, but the fighting had stopped
before their arrival. No arrests we're
made.
The wounded men were taken to
a Harrisburg hospital, where they
were treated. beware, shot in the
left arm, and Bates, shot in the
ankle, were later removed to their
homes. Price, though shot in the
back. was not considered seriously
injured.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-25
BRITON TO SPEAK IN
TOWN HALL SERIES
The Hon. H. B. eS-Smith
to Be Here Friday.

The audience of the Town Hall
lecture series will hear the Honor
able H. B. Lees Smith, cabinet min
lister to two British governments,
Friday morning, in the Columbia
Club ballroom. Mr.. Lees Smith
served as postmaster-general and
minister of education of England.
He is the author of several books,
the best known of which are India
and the Tariff Problem, Studies in
Indian Economics" and Second
Chambers in Theory and Practice"
He is graduate of Queens COL
lege, Oxford, and one of the found
ers of Ruskin college, an institution
designed to give English working
men an opportunity to obtain an
Oxford education.