davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-04-07
NEW CURRENCY JUSTIFIED
BY MONETARY STATISTICS

BY the Associated Press.
A review CT the monetary statistics
of the United States during the last
few weeks renders the quite obvious
answer why it became necessary for
this country to issue additional cur
rency.
At the time the banking moratorium
was declared the amount Of money IN
circulation had risen to $7,538 ,000, 900,
this total representing the amount that
was outside the Treasury and the Fed
eral Reserve banks, and therefore could
not be accounted for.
Since the total of all money In the
country aggregated but $10,275 ,000, 600,
1t is clear that three-fcurths Of 1t was
being kept outside the Treasury and
much in hoard The situation was
further complicated by the failure Of
many banks to reopen following the
lifting Of the moratorium, thereby I'M
pounding additional currency.
The amount remaining was held to
be insufficient to meet maximum de-
mand, hence the Government author
lied the new money based on sound
assets other than gold which was called
into the Treasury as credit base.
Evening star., 1933-04-07
SPECULATIVE BOND
I MARKET. IMPROVES
Rail and Other Corporation
Issues of Junior Grade
Advance Sharply.
BY CHARLES r. sPEARE.

special Dispatch to The Star.
NEW YORK, April There was q
better tone to the bond market today
both in domestic and in foreign issues
The recovery was quite sharp In mum.
Der of the speculative bonds, in which
there had been heavy selling in the
earlier part of the week.
The action Of the stock exchange
authorities in making an investigation
Of the source of Wednesdays offerings
in Chicago g. Northwestern bonds will
probably stop traders from taking q
short position in securities Of this type
The reduction in the rate Of rediscount
of the New York Federal Reserve Bank
to per cent probably had some effect
on high-grade, tax-exempt loans.
. The maximum advance in the active
list was points in International Tele-
phone g. Telegraph 41as. For the ffrst
time in some weeks these bonds ap-
parently have some support. There was
q rally of point in Postal Telegraph
SIS, after they had duplicated their
previous low price around Is. Chicago
6S Northwestern IS, due May l, ao,
vanced 1la points. st. Paul General
SIS were up point. Columbia Gas q
Bros. IS and Goodyear Tire & Ruo-
ber IS rose from l to l u points.
The high-grade corporation bonds
were rather heavy, with losses ap-
preaching a point in American Tele-
phone g. Telegraph 4l2s and In Union
Pacific first As. On the other hand,
Consolidated Gas AIS advanced
point. '''
EaThere was striking recovery in Ger
man loans, following o more conctlia-
tory statement by the president OF the
rReichsbank. The 51as and Is rose 2E2
10 3l5 points. Other German issues
gained 1ls to points. Argentine IS
advanced over point. and Japan 5H2s
sold at the highest of the year:
= Again today there were moderate ad-
vances all through the list OF Treasury
loans. These averaged a point. The
short-term Treasury notes were also
strong, with all but out OF about
is listed selling at premiums. the
municipal bond market Is suffering
from the number of temporary defaults
and from such arbitrary action as Is
being taken by States and cities IN re-
ducing rates of interest on their issues
and thereby violating the contract with
the bondholder. ''-i-'
Evening star., 1933-04-07
CURB ISSUES POINT
TO HIGHER LEVELS
Market Turns Irregular After
Gains at Opening, but
Trend Is Upward.
BY JOHN A. CRONE.
Special Dispatch to The star.

Special Dispatch to The star.
NEW YORK, April THE Curb Ex-
change rested today after its initial
burst of speed, but the trend continued
irreeularly' higher.
Electric Bond & Share moved within
a range of half point. American Gas
g. Electric, American Light & Traction
and American Superpower trended low
er, as Gid Cities Service. Standard Oh
of InCiana fractionally advanced
The strength of steel and petroleum
securities featured forenoon dealings,
the bidding being based on the improved
demand for steel and iron and predicted
sterilization of the oil trade. Stocks
which move with commodities, were ir-
regular as q result of the swings Of
grains, meats and sugar. The so-called
beer stocks, long ago having discounted
the return of the foamy fluid, were
neglected today.
Evening star., 1933-04-07
CHICAGO LIVE STOCK MARKET

CHICAGO. April Z F Omitted
states Department of Agricultural
Hogs receipts. $4,000 head, including
1000 direct; slow, mostly 5-l0 lower
than Yesterday; weighty offerings ana
hacking sows, fully 10 of; bulk al an
Weights, better grade hogs, 3.50-3. $50:
early top, 3.95; packing sows. 3.2o-S.So;
light light, good and cnolce, o o-aoo aoo
pounds, 3.5oa3.so; lightweight, 10000
r,o,,rds s65a3gD medium weight, ZOO
5s0 hounds, 3.70a390;- heavyweight,
3so-350 pounds, 350a3.75; packing
.sows medium and good, 275-55o pounds,
31oa3. 40; pigs, good and choice, ilo-
130 pounds, 3.25a3.50. 'f
Cattle-Receipts, 1900 head; calves,
500 head; steers and yeariings, steaoy
to strong. fairly active; top yeariings,
80 Maid for 1,055-pound weights; best
heayies. 5 rs paid for 1,455-pound- av-
erares. She stock generally steady TO
strong; bulls, steady to weak: practlcal
TOP, 2so; NcaSes and yeaiers' 1uiiy
steady. 49, . t.-,a. s...,..
GOOD and choice, 550-9o0 POUNDS. QUA
TOE; COOL, 100 pounds. 5.oOa1.ou l;Ao0, W.
> 400 pounds, 4.50a6.75, 1,300-i ,ooo
mounds 25a6 90; common and medium.
sso-1 400 pounds, 3.50a5 90; heifers, good
and choice, 550-750 pounds, 4.75a6.00;
common and medium, 3-50a4.7S; cows,
good. 3.ooa3. so; common and medium,
2.25a3 90; low cutter and cutter, Lisa
$50; bulls (yearlings excludeO. good
lbeeD 2. .75a3 IS: cutters, common and
medium, 2.60a3O0; vealers, good ana
choice, 50oa6.50; medium, 4.o0a5.00:
Gull and common, 300a400; stocker ana
feeder cattle: steers, good and choice,
500-l l,05o pounds, 4.5oa6.oo; common
and medium, 2.75a4.50.
Sheep, 10000; fairly active. steady
with yesterdays extreme decline; good
to choice, wooled lambs, 4.75a5lS TO
packers; few SIS to city butcher; best
held higher; Lambs, 80 pounds. down:
good and choice, 4.85a5. 40; common and
medium, 3.75a5.00: 90-98 POUNDS. gooo
and choice, 4.75a5. Is: 98-110 pounds.
good and choice, 4.5oa5 90; ewes, so-15o
pounds, good and choice, 2.o0a3 90; all
weights, common and medium, 1,25a2 SO.
Evening star., 1933-04-07
BROKER LOAN TOTAL
GAINS DURING WEEK
Increase Of $4,000, 900 Reported
in Statement of the Federal
Reserve Bank.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, April THE weekly
statement of the New York Federal
Reserve Bank on brokers loans for the
week ended April S shows a total OF
S376, 900, 900, an increase Of $1,000, ,000
from the preceding week.
Loans for own account amounted to
s347, 100000, up S11,000,000 from a
week ago. Loans for out-of-town
banks were $25, 1000, 900, down $4,000,
600. Loans for others were $4,000, 900
unchanged. Demand loans stood at
s241 900, 900, an increase of $7,000.000
Time loans amounted to $135, 5,000, 600
a drop of $2,000,000.
The New York Federal Reserve
Banks rediscount was reduced from
3A to per cent.
Evening star., 1933-04-07
POTATO MARKET.

CHICAGO, April (P) Omitted States
Department Of Agriculture) Potatoes,
So: on track, 308: total United States
shipments, 628; steady; trading mod
crate, supplies moderate; Wisconsin
round whites, 70a771a, mostly 72a75;
Michigan Russet Rurals, 72ha77R;
Idaho Russets, 1.35a1 40, few higher
South Dakota Early Ohios, partly
graded, 60a65.
Evening star., 1933-04-07
Average Share Value $15.41.

NEW YORK, April Z R.-The aver
age market value Of all shares listed
on the New York Stock Exchange on
April l was $15.41 compared with Sis 20
ON March l, the exchange reported to-
day. Total stock issues involved 1882
COL ,719 shares with q total market
value Of $19.914.893,3 ,399. Total market
value at the end Of February was $19,-
TOO, ,985 ,961.
Evening star., 1933-04-07
NEW YORK EGG MARKET

Il NEW YORK, April 7 (speciaD -
t6uotations for eggs in the wholesale
cash market today were:
q Mixed colors-Special packs, 15ka
i6Ia; standards, 14Aa15; storage packed
sfirsts, 14Aa14la; -firsts, 139al4: sec
sonds, 13; medium, 12l2al3; dirties,
1234a13; checks, 1115a12.
s Whites-Nearby selected, 81 lha22 u
western receipts, specials, 1Sa20l2
standards, 16al7: undergrades. l41al5:
Browns-Nearby and Western special
packs, 16al8; standards, l41aalSh.
Evening star., 1933-04-07
New York Cotton
Special pispa tch to The Star.

Special Dispatch to The Star.
NEW YORK, April cotton prices
on the local exchange today opened up
5 to 8 points, following Liverpool, where
prices were unchanged to Q point higher
In moderate trading. The Cotton Ex-
change has declared Good Friday, April
IA, and Saturday, April is, exchange
holidays.
Opening quotations were: May, 6.55
up S.. July, 6.74, up 8; october, 6.97
up 8,
Evening star., 1933-04-07
Washington Stock Exchange

SAILS.
eCapital Traction $500 at 10.
Potomac Electric 51a% pfd.-S at lo1,
/ ! at lot.
washington Rwy. & Elec. pfd.-lo at e2.
- : AFTER GALL. "
Washington Gas SIS 1861 900 at 104.
Washington Rwy. & Elec. $500 at
S33s.
Bid and Asked Prices.
Evening star., 1933-04-07

Dividend rates IN dollars based on ias
diyidsnd tpartly extra trlus ~ in stock
T. a.payable, tn cash or stock. Payable II
n Il, H stoeH Plus e% in stock b Plus II
n N :tok :tock. irlgs ~ in stock, Plus 1ox
in stoct. toetk. ri1s - IN stock. Plus Sx
Evening star., 1933-04-07
, Unlisted Department.

(These Securities not listed under exchange
Rules.b
BONDS.
Evening star., 1933-04-07
N. Y. CURB MARKET
Received BY Private Star Once

Stock and Sale
Dividend Rate. Add 90. High. Low. Close.
Lr1AinArf
Evening star., 1933-08-10

of a gang of children. The rubber
heel print clue was run down for days
through all the stores IN town. It
proved valueless.
So Roberts started house toulouse
canvass of the entire neighborhood (the
school is at Fifth and streets north
east inquiring to find out the names
of the gang which he suspected must
have been hanging around the school
on that particular day. It soon de-
veloped that there had been a gang Of
boys there, but they had been strangers
to the neighborhood. After some days
of patient questioning he found boy
who knew that one member OF the gang
lived in the Southeast section. So the
canvassing began all over again in the
Southeast Long days and hours Of this
finally rounded up group OF fve 70
seven boys, ranging in age from ii to
10. This resulted in sending one to the
National Training School for Boys dur
ing minority and the sending Of another
younger boy to another reform school.
incidentally, it also cleared up ia
cases of housebreaking, larceny and au-
tomobile theft which had been giver
up as hopeless by the Police Depart
ment The boys very readily admitted
all of the crimes when confronted with
the evidence. One of the cars, it turned
out, which had been stolen. belonged
to a policeman The gang had aban-
doned, it behind the Library of Congress
and it had stood there unnoticed for
days until they told where it was.
Still another type of work was in
Evening star., 1933-08-10

volved In q series Of small fires, An back
fences, sheds, and the like, that broke
out last October and November. These
small fires were so frequent that Rob-
erts began to suspect they had been
all set by the same man. So he began
drawing charts again. From the charts,
which showed the location Of each fire
and the time at which it occurred, he
formed a fair idea of where the man
or men lived or worked.
Kept Watch Of Crowds.
Then he stationed himself ut No. 6
Engine House, Massachusetts, avenue
between Fourth and Fifth streets. and
started turning out with all apparatus
in that section on every first alarm. He
would go in civilian clothes, in his pri-
vate automobile, gaze intently at the
face of every spectator at each fire, and
try to recognize any man who appeared
at more than one fire. Pretty soon he
concentrated on one young colored man
who put In an appearance with sus-
picious frequency.
His first break came at fire at
Seventh and o streets, at about or 4
O'Clock In the morning. He spotted his
victim and trailed him all over town,
into and out OF Union Station and
finally lost him. 1t turned out later
that the man knew he was being fol-
lowed and lay down in a parked car
until Roberts passed by. 1t was dawn
when this happened. During all OF this
time there were no small fires, although
previously they had been occurring at
the. rate of two or three night.
Shortly after this there were two fires
set the same night. one IN the alley be-
tween Twelfth and Eleventh, I and K
streets, and the other IN the alley be-
tween Twelfth and Thirteenth, and K
streets. The man ran to the fire alarm
box at Tenth street and New York ave-
nue., with Roberts about q block away,
and as he turned in the alarm po-
liceman, suspicious. arrested him.
Taken to the frst precinct, the man
Indignantly denied any wrongdoing, and
there was nothing but circumstantial
evidence (and that rather thin). that
he had. Roberts asked to be allowed to
question the man.
Have you ever seen me before?" asked
Roberts
mo, sir" was the answer.
Have you ever seen my carp"
mo, sir"
That's two lies you've told me now
I'm going TO tell you every move you've
made in the last three nights, and then
ask you one more question"
Roberts then outlined each move the
man had made, most Of it from obser-
vation. the rest from shrewd guessing.
"All right" said the man, Il guess
you know all about it."
Suspect Confesses.
He then admitted to setting 65 fires
one of them which had caused heavy
loss in a machine shop at Nineteenth
and E streets-most Of them small af-
fairs. It turned out that the man had
Evening star., 1933-08-10
escaped from the virginia state Institu

escaped from the Virginia State Instttu-
tton for the Insane.
He was convicted Of arson and given
two to five years at Lorton.
Roberts often works 20 hours q day
for long stretches when he really gets
interested in case. He Is married and
has an 8-year- son.
MY wife used to give me h about
It at first" he said, but she Is used to
It now"
1, And now prepare for q shock. He Il
q detective in his spare time only. His
real job Is inspection of all filling sta
tions In the city. He personally inspects
each pump or tank installed, repaired or
replaced, and sees to it that the Fire
Departments strict regulations are car
ried out in the Districts 600 filling sta
tions.
Last year they gave him bronze
medal for his efficient work in solving
the Carberry School and Hub Ware
house fires.
Evening star., 1933-08-10

spected the airdrome and believes that
great building. Cork Is considered .
strategic point for . base now that Ire
land has become 30 important on the
international air route. During the war
one Of the finest bases for aircraft was
at Cork. The airdrome was leased to
the United States for a period Of years,
but the lease has expired
Evening star., 1933-08-10

Air Base Mapped for Cork.
Plans have been drawn for an air
base at Cork. Ireland, which was re-
Gently visited by the heads of the Brit
ish air forces. Sir Alan Gotham in
The Washington times., 1933-10-07
CHURCH GUILDS
OPEN PARLEY

The two-day session Of the
second annual convention of the
National Conference of Catholic
Evidence Guilds opened today in
Carroll Hall, Tenth and G SITS.
N. w., with about 200 delegates
from Eastern cities present.
After greetings had been ex-
tended by Leo A. Codd, Of the
Washington guild, an address was
made by James v. Hayes, of New
York, national president. He was
followed by John G. Bowen, presi-
dent of of the local group and
national treasurer, and Thomas
j. Diviney, national secretary.
The principal event will be an
open-air massmeeting in Franklin
Square tomorrow afternoon from
2 to 4 o'clock.
Tomorrow morning mass and
communion will be celebrated in
st. Mathews Church, with DR..
Charles A. Hart, Of the Catholic
University. as the celebrant and
speaker. The convention will close
tomorrow night with a banquet at
Sholl'S,
The Washington times., 1933-10-07
American u. Dean
To Occupy Pulpit

DR.. Arthur Jackson, dean of re-
ligion at American University, will
preach tomorrow morning at Mt.
Vernon Place M. E. Church, South,
in the absence of the pastor, DR..
Forney Hutchinson, who is at
tending the Baltimore annual
conference at Roanoke. The eve
ming sermon will be given by DR..
w. L. Darby, secretary of the
Washington federation Of
Churches. His text is to be Gre
ligion in the New Deal" Special
music will be given by a large
vested chorus directed by r.
Deane Shure. Mrs. La Vergne
Sims Fairchild, soprano, and
Arthur L. Tabbutt, basso, will as
SiSt.
The Washington times., 1933-10-07
Church Annpnnrrmrnts
'WHERE ARE We DRIFTING?
BY THE RT. REV JAMES E. FREEMAN, DID, LID. Del
Bishop of Washington

Every thoughtful is faced this year with
questions and problems that different from any that
have confronted them heretofore Bread and butter prob
lems domestic economic and social problems about
the average of and it takes pose decision and
to them Greater forces mobzed for Industrial
recovery than have known and hope is evil
dent in the hearts of the people There better feeling
abroad Even from Geneva the gathered hosts Of the League
of Nations express the conviction that economic recovery
everywhere evident All the signs encouraging and
the drift setting in the right direction.
query persists, "Is it only economic recovery Of
America need7' We've had prosperity and high wages
BEFORE yes, we We had prosperity few nations have
joyed it. but lacked stability and security. Alfred E.
Smith said recently that unless in effort after better
industrial conditions make corresponding advance
along moral and spiritual lines shall fail of objective
Governor Smith is wise and discriminating student of
human affairs.
In plain simple language, Mr. Coolidge put it, "the
of people gets ahead of the religion of
the people" Business and religion do mix and we'll learn
this later This is not preachers observation
is the judgment Of the wises of leaders President
Roosevelt expresses this conviction repeatedly his striking
and courageous utterances.
Will we as a people heed these admonitions in these
critical days? Will undertake house in order,
establish homes upon a finer and wholesome
basis? Righteousness exalteth nation"
The Washington times., 1933-10-07
Army Orders

Leave for IA days granted
Chaplain Ralph C. Deibert,
United States Army, with per-
mission to visit foreign countries.
Col. John r. Brewer, Infantry,
to Fort George G. Meade, Md.
Maj. Ralph S. Kimball, Adju-
tant Generals Department, to
the Hawaiian Department..
Col. Clarence C. Culver, Air
Corps, will report to Army re-
firing board at Washington, D. c.,
for examination.
Major George R. F. Cornish,
Infantry, will report to Army re.
firing board at Washington, D. c.,
for examination.
First Lieut.. Gustavus F.. Chap
man, QuartermaSter Corps, Ports
mouth, Va.
Second Lieut.. Jean E. Engler,
Infantry, to Randolph Field, Tex.
Major Jarrett M. Huddleston,
Medical Corps, to Washington,
u @
The Washington times., 1933-10-07
DR.. SizOO to GiUe
Series of Sermons

Tomorrow evening at o'clock
DR.. Joseph r. Sizoo begins eve
ming worship in his church with
a discussion on what are Nor
alS?" This is the first Of P series
of sermons on the general theme
"Re-Thinking Morals" On sue
ceeding Sundays he will discuss
under this heading Morals and
Courage" Morals and Discern
ment," Morals and Conscience, "
and Morals and Freedom" These
Sunday evening sermons are de-
signed to awaken a frank consid-
Grafton of one of the problems Of
modern life in the sphere of NOR
ality.
Tomorrow morning DR.. SiZoo
will preach on "Re-thinking Re-
ligion."
The Washington times., 1933-10-07
WHAT'S DOING
WHEN AND WHERE

Convention-American Fedora
ton of Labor, all day, Willard
Hotel.
Hearing-Auto Fabric and Rub
ber Flooring Industry, all day,
Willard Hotel.
Tea Dance-Trinity College, 4
p. m, Willard Hotel.
Dance-Lebanon Masonic Lodge,
8 p. m, Willard Hotel.
Meeting Nat tional Lumber
Manufacturers Association, all
day, Mayflower Hotel.
MISUNDERSTANDING Lovers TO
rum, p. m, The Rendezvous,
SAG K st. N. E.
Meeting-Federation Of Citizens
Associations, 8 p. M, board room,
District Building.
Dance-WaShington COmtome-
ter School, 10 p. m, Shoreham
Hotel.
The Washington times., 1933-10-07
Who's Who in City Churches

The Right Rev. James E. Free
man, D. D., Bishop of Washing
ton. Born July "a, 1866, in New
York city. Educated in the pub
lie schols there and by private
tutors. For IL years he was with
the accounting department of the
New York Central railroad, rising
from a clerkship to an executive
position. DR.. Freeman was in
duced to enter the ministry by
the late Bishop Henry C. Potter,
of New York. His first church
was st. Andrews Memorial in
Yonkers, where he served as rec
tor for 16 years. This church,
under his leadership, gew from
40 members in a small chapel to
membership of 1,5O0 with
fine church property. Early in
his career he became active in
many forms of social service.
During the world war DR.. Free
man acted as special representa-
tive of the Secretaries of War and
Navy to army camps and naval
stations. In 1922 he was COM
miSsioned as chaplain with rank
of major in the Officers Reserve
Corps. His ministry in Washing
ton began at Epiphany Church
in 1921. In June, 1923, he was
elected the third Bishop of Wash
ington. DR.. Freeman is nation
ally known for his radio sermons
and for his current writings in
important publications. His best
known books are "The Am
basSador" and "The Christ of
the Byways." His summer home
is in Torrento. Me.
The Washington times., 1933-10-07
StOckdQLe to Talk
On Passive Virtues

DR.. Allen A. Stockdale, minister
Of the First Congregational
Church, will speak at II o'clock
tomorrow on 1.-THE Power of Pas
Sive Virtues" and at 8 on "The
Devils Playground in Washing
ton" The a capella choir of
the church, under the direction
Of Ruby Smith Stahl, will sing
at both services. Paul DeLong
Gable will be at the organ. After
the evening service a short sing,
led by Paul Sedgwick, will be
held in the east par1or.
The Washington times., 1933-10-07
Indians to Appear
At Church Lecture

Rev. DR. Luc1us c. Clark, chan
cellor of American University,
will preach at II a. m. Sunday.
October 8, at the Francis AS
bury M. E. Church, South. His
subject will be. "Exultation and
It's Results" At the evening
service, DR.. w. Carson Ryan, di-
rector of education, U. S. Indian
Service, will speak on "The
American Indian of Today" DR..
Ryan will be assisted by two
members of the Potawotami
tribe Of Oklahoma, who will sing
Indian songs.
The Washington times., 1933-10-07
Mems Club HOnOrS
DR.. GeOrQe r. Wales

The members Of st. Adams
Parish Mems Club will attend a
corporate communion service in
the church tomorrow morning at
7:45 o'clock, in memory of their
late president, DR.. George r.
Wales, who died two weeks ago.
DR.. Wales had served for many
years as a member of the United
States Civil Service Commission
and was active in the work Of the
Episcopal church in Washington.
He was also a member of the
vestry and had for nearly 20 years
conducted the adult Bible class.
His successor will be appointed at
the morning meeting Of the class.
The Washington times., 1933-10-07
Church of Open Door
Sets Conference

Rev. C. W. Oyer, pastor of the
Church of the Open Door, BOT D
st. N. w.. announces the next
monthly prophetic conference of
his church to be held on Tues
day, October 10. at 2:3O and 8
p. m, at the Independent Baptist
Church of Cherrydale. DR.. Will
liam L. Pettingill, Of Wilmington,
DEL, will be speaker at both serv-
ices. His subjects are, "The
Present World Turmoil in the
Light of the Word of Prophecy"
and "The Golden Age: the End
Of the Road Just Ahead" Reg
ular services will be held Sunday
at the church.
The Washington times., 1933-10-07
G.. u. Dean to Start
Series of Lectures

"The Tapestry of Reality" will
be the first address by the Rev.
George Strohaver, dean of the
College of Arts and Sciences,
Georgetown University, Of a series
of lectures on mankind and
reality. The first lecture will be
delivered October IS at st. Mat
theWs Church, Rhode Island
Avenue Northwest.
The talks will be sponsored by
the CATHOLIC Information Forum