davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-11-11
Denounces Liquidation Plan
For Joint Stock Land Bank

standing bonds have been deposited to
date and holders of such bonds must
decide before November Is whether
to withdraw or 60 along under the
plan.
I'm the event the st. Louis bank is
liquidated by other than a govern
mental agency, 1t will establish prec-
edent which may be followed by other
joint stock land banks now rearing
liquidation, and provide the method
for the settlement of 100000 900 to
5000. 100000 of bondhoiders' claims.
Under the proposed st. Louis plan,
which offers very little advantage to
bondholders, the major part of the
good mortgages, representing approx
imately As per cent of the total assets,
are to be placed in the hands of q
trustee who is given almost unlimited
discretion under the trust indenture
to Hquidate them as he sees fit. This
could very well mean an extended
liquidation, depending upon the policy
of the trustee. Bondholders' interest
in these mortgages is to be represented
by nou-voting trust receipts."
Evening star., 1934-11-11

season. February becomes, there
fore, a crucial date.
Should the manufacturers remain
firm in their refusal to recognize the
American Federation of Labor or to
concede one inch in their fight for
retention of the merit clause in the
code, an impasse might be brought
about which would close the factories
at the time when 1885 production
will be getting under steam.
The question would arise whether
labor could afford to achieve a VIC
tory. made under threats to tie up
the industry in its busy season. In
the same fashion the manufacturers
would be caught in q corner.
The automobile manufacturers will
not let the dangers that lurk in the
situation deter them from going ahead
with their 1885 plans. The early
Winter climb in Detroit employment
already has started. It appears to
Evening star., 1934-11-11
S2,O11,782 LOANS
MADE IN NCAP|TAL
Building Groups Reveal
Huge October Total Un-
der F. H. A. Plan.

Building and loan associations Of
the District of Columbia, cooperating
with the Federal Housing Administra-
ton, made loans during the month of
October amounting to 2.0ll,782.
These loans we're made to 573 different
people in all parts of the city. This
makes the total loaned by building
and loan associations so far in 1884
well over $12,000,000.
The monthly report of William S.
Quinter, the secretary Of the league,
shows that all of the associations have
funds to make further loans, and it is
expected that this amount will be ex-
ceeded during the present month.
All Of the associations showed .
gain in assets, and large number of
new accounts are being opened month
ly in the association, officials report.
Mr.. Quinter stated that good por-
ton of the amount loaned was used for
modernization purposes, and that all
of the associations here are co-operat-
ing with the President in his housing
program.
Evening star., 1934-11-11
Extension of Auto Code to February Will Raise
Labor Issues at Crucial Time for Industry

be moving at a swifter pace than 1t
did last year, presaging more De-
cember activity than was visible in the
factories a year ago.
The other manufacturers are watch
ing with much interest the plans of
the Ford Motor Co. to build a million
cars next year. They are aware, for
one thing, that the Ford sales Or
ganization Is well keyed for an in
tensive campaign. Money for sales
promotion never was more freely spent.
The manufacturers like the psy-
chology Of the situation, at any rate.
The promise Of q million cars by Ford
will stimulate sales In other directions
they are sure. Privately they express
the opinion that Ford is in position
little different from their own. He
will make and sell as many cars as
people will buy.
lcopyrisht. 1934J -
Evening star., 1934-11-11
YU[E FUNDS RISE
ABOVE 1888 MARK
|NMUTUAL BANKS
S33,426,919 Savings Ex.
ceed Last Years Figures
by s2,2O6,51O.
Special Dispatch to The Star.

NEW YORK, November 10
Christmas shoppers owning accounts
in Christmas clubs of mutual savings
banks in the Is States where such
institutions are located will have
more money to spend this year than
year ago Their savings of $33,-
426919 are $2206510 in excess of those
of 1888.
Accounts total 828897, a gain of
56,818 over year ago. The average
account available for Santa Claus is
S40.72.
Christmas shoppers in New York
State, according to John w. San
stedt, executive secretary of the Ma
tional Association of Mutual Savings
Banks, will have S14999,695 to spend
from. their Christmas clubs These
club members number 351 ,433
Massachusetts, ranks second with
100000, belonging to 100000 de-
positors. Connecticut mutual banks
are to pay out $780, ,449, the holi-
day savings of 74,918 persons. PENN
sylvania mutuals, in the fourth place,
hold $2,265,9 of Christmas funds
for 1886 depositors. New. Jersey
mutuals will distribute $1,571,7 1928 to
39,l40 depositors, and in Maryland
42,492 savers will receive S1,443, 400.
Maine mutuals have S780,464, the
property of 20.498 savers, and in New
Hampshire s67o,039 belongs to 1874
depositors.
Rhode Island credits S454.8O0 to
its 1925 savers, while Ohio reports
$263,l00 for 1886. Vermont mutuals
will distribute $162,644 to 4,626 de-
positors. The 1881 savers in Della
ware piled up deposits of $4,000.
1ndiana's ",407 savers got together
1000. while 524 in Wisconsin saved
$4,000.
Savings bank officials point out
that the increase of Christmas funds.
and particularly the broader spread
of this money. reflects public determi-
nation to provide for holiday needs.
AS virtually all Christmas clubs are
opened at the first of the year, regu-
lar payments into the clubs through
out II months furnished evidence of
better pay rolls.
(Copyright 1934)
Evening star., 1934-11-11
EXPERTSFO FORESEE
SPEEDY BUS ERA
Passenger Lines and Trucks
to Top Rail Records,
Engineers Told.
Special Dispatch to The Star.

opcNAdi DIoPdtSA W OtdA.
NEW YORK, November 10
Streamlined busses and trucks that
will beat by hours the recent records
of Streamlined trains we're predicted
today at the November meeting of
the metropolitan section of the So
ciety Of Automotive Engineers. held
at Newark in conjunction with the
Newark Chamber of Commerce and
the New Jersey Motor Truck Asso-
citation.
These new busses and trucks would
be cooled by the same fuel that drives
their high-speed motors. They would
use high-speed highways, like the
Pulaski skyway in New Jersey.
Saving about 20 per cent in the
weight of fuel carried for the same
run and nearly doubling gasoline
motor compression ratios, the new
fuel of butane and propane gives
promise of revolutionizing engines for
streamlined busseS. trucks and rail
cars, according to w. T. Friend. chief
technologist of Phillips Petroleum Co..
and G. L. Tinkham, McCord radia-
tor engineer.
The use of such fuels, according to
automomtive engineers, neceSsitates
relatively minor changes, chiefly in
carburation, in gasoline engines. 1t
is estimated the changes would cost
the average truck only Sl00, and it
might be cut to $25 if handled on a
commercial production basis.
"Butane and propane are used to
cool bus interiors and engines be-
fore being used as fuel" Mr.. Tinkham
explained. They act very much like
electric and gas refrigerators in our
homes, except that they do not re-
uuire bulky mechanical equipment.
They cool in direct proportion to the
fuel consumed, or the speed of the
engine, and thus are ideal for engine
cooling"
(Copyright 1934)
Evening star., 1934-11-11
Virginians Cheered
By High Prices at
Dark . Fired Sales
BY the Associated Press,

BY the Associated Press.
LYNCHBURG. Va, November 10
Prices more than doubled the OPEN
ing prices year ago cheered growers
OF dark-fired tobacco as the markets
opened over the State this week.
The Lynchburg market opened with
sales Of 90,583 pounds at an average
of $1824 a hundredweight. about $40
higher than last year. The market
here opened day in advance of the
other dark-fired markets.
Blackstone sold 35,3l8 pounds at
slightly better than s2l on Thursday
and Petersburg handled light break
of 5000 pounds but with prices better
than S2l46 per hundred.
The dark-fired markets are open
only the first four days of the week. so
that Monday will be the second day
of sales of all except Lynchburg.
Evening star., 1934-11-11
Board Sets Date
For Peoples Drug
Stock Dividend

The 100 per cent stock dividend on
the 122,727 shares of Peoples Drug
Stores, Inc, common stock, just de-
clared by the directors. will be paid
December 81 to shareholders of record
at the close Of business December 81
it was announced at the companys s
head Offices here yesterday afternoon.
Application has been made to the
New York Stock Exchange for listing
of the additional stock and request
has also been made for registering the
stock with the Securities and Ex-
change Commission.
In addition to the regular quarterly
dividend of Is cents per share, the
directors have declared an extra of
S1.50 a share on the old stock. Both
these payments will be made January
2 to stock of record December 81.
The common stock jumped another
point on the New York Exchange yes
terday, making a 5-point advance in
two days. 1t opened Friday at go and
at one time yesterday touched Sc.
The stock opened 1884 at 81. Only
a handful of stocks on the New York
board have scored any such advance
during the past 10 months.
Evening star., 1934-11-11

urer, American Security & Trust Co.:
]. Earle McGeary, w. B. Hibbs Co.;
Robert M. Poole, Riggs National.
The first meeting is scheduled for
Thursday, November %, in the board
room of the American Security g.
Trust Building.
The committee has been fortunate
in engaging c. o. Hardy of the Brook
ings Institute to lead this meeting.
Mr.. Hardy has been a member of the
staff of the institute for more than 10
years, was professor of economics and
banking in the Chicago chapter OF
the American Institute of Banking,
and also served on the staff Of the
Chicago University and University Of
Iowa. His subject will be Credit
Outlook for Banking"
Evening star., 1934-11-11
Special Dispatch to The Star.

Special Dispatch to The Star.
N YEW YORK, November 10.-If
M bondholders assent to the pro-
| Y posed plan Of liquidation for
the st. Louis Joint Stock
Land Bank. involving approx
imately $18,00O,0O0 par value of bonds
widely held throughout the United
States, the assets of the bank will be
taken from under the control of the
Farm Credit Administration and
placed in the hands of a private
trustee and private corporation, ac-
cording to statement issued today by
David Lobdell of Lobdell & Co., spe-
cialists in tax-exempt securities, who
has just made survey Of this situa-
ton.
Such procedure may mean that In
the future those bondholders who do
not wish to participate in such plans
will be forced to take a sacrifice price
in the sale of the assets to similar pri-
vate liquidation corporations" Mr..
Lobdell states. I'm the case Of the
st. Louis bank, 771a per cent OF OUT
Evening star., 1934-11-11
D. C. POSTMASTER GIVEN
BRANCH BANK POST

The Bank of Commerce & Savings
announced today that William M.
Mooney, Postmaster for the District
of Columbia, had been elected to the
advisory board of its H street branch
which is to be located on H street
at North Capitol.
The remodeling of the bank is
moving along rapidly and it is ex-
pected 10 be open for business about
November %.
Evening star., 1934-11-11
RETAIL SALES UP
28PERCENT ABOVE
YEAR AGO IN D. c.
Ten Months Record Also
Far Above 1888 Showing,
Bank Reports.
FIFTH DISTRICT GAINS
20 PER CENT IN MONTH
Washington Bankers to Hold
Special Meeting to Study
Loan Expansion.
BY EDWARD C. STONE.

Retail sales in Washington depart
ment stores in october scared 28.7
per cent above the mark reached in
October, 1888, according to the
monthly report made yesterday by the
Federal Reserve Bank of Richmond. :.
For the first 10 months of the pres
ent year dollar sales in eight local de-
partment stores we're 1913 per cent
ahead of the same period a year ago
the report added.
Retail sales in the whole fifth re-
serve district averaged 20 per cent
more in dollar volume than in Oc-
tober. 1888, and sales during the first
10 months of 1884 revealed an in
crease of 18 per cent over sales in the
first 10 months of 1888.
A glance at the figures shows that
Washington stood way ahead of all
the other cities in the fifth district
except Charleston, w. Va, in October,
and that sales for the 10 months also
were better in the Capital than else
where in this trade area.
Sales Here Lead District.
Individual percentage for cities in
which three or more stores reported
for October this year compare as fol-
lows with corresponding periods
in 1888:
Evening star., 1934-11-11
MARKETS WILL CLOSE
FOR ARMISTICE DAY

BY the Associated Press.
NEW YORK, November 10-Busi-
ness in Wall Street will be suspended
on Monday. Armistice day, and lead
ing security and commodity markets
in other financial centers throughout
the country will likewise remain
closed. In New York it will mark the
first observance of the day as a legal
holiday, the Legislature having so
designated it at its last session.
Evening star., 1934-11-11

S. Og:ivie. assist
ant cashier of
the Second Ma
tional Bank, as
chairman of the
Forum Commit
tee. Other men,
bers OF the COM
mittee are: E. A.
Ginnetti, Second
National; Arthur
H. Lamar, wash
1ngton Loan g.
Trust Co.; Rob-
ert A. Sisson,
Hamilton N a
tional; James j.
Dulin ir treas
Evening star., 1934-11-11

Ardrey to Address Bankers
A special meeting of the District of
Columbia Bankers Association has
been called by Frederick P. H. SiddonS,
president, for Friday, November Is,
at 8 pm. in the board room of the
American Security & Trust Co., at
which time j. Howard Ardrey, deputy
administrator of the Federal Housing
Administration, will speak on titles 2
and 3 OF the Federal housing act.
The general information regarding
the operations of titles 2 and of
the Federal housing act, is being sent
out by the Housing Administration.
Blanks on which the lending insti-
tutions will make formal application
for approval as mortgages and the
blanks on which mortgagors will make
application to such mortgages for
loans on properties will be issued this
week
Bankers in the city desiring 20 CO.
operate with the Federal Housing Ad-
ministration will listen with interest
to Mr.. Ardrey's talk. His suggestions
will help the local banks to determine
the ways and means whereby they can
find proper employment for their
funds.
Washington banks have recently
been making special efforts to increase
their loans, both for the benefit of
the business community and for their
own good. Lack of a borrowing de-
mand has been difficult handicap.
Heard in Financial District.
Controller of the Currency j. r. T.
O'Connor told Kansas City bankers
Friday night that the administrators
banking policy is sound. but that
some amendments to the banking laws
should be made by the next Congress.
He particularly stressed opposition to
the opening of too many new banks.
I'VE don't want to 60 through the
experience again of having bank
opposite every filling station in the
country" he said.
Robert c. Jones, of Robert c. Jones
& Co., investment bankers, is spend
ing the week end duck shooting at
the Jefferson Island Club, of which
he is member.
Henry T. Rinck, Roscoe Admore and
Oscar Baum, young men employed by
w. B. Hibbs & Co., have lust re-
ceived New York Stock Exchange In
stitute certificates on completion of
special correspondence courses In
finance The special work covers an
sight-month period.
Evening star., 1934-11-11
BY EDWARD w. MORRISON.
Special Dispatch to he Star.

~ ETROIT, November 10.-Al-
though Detroit sees in the
- extension of the automobile
manufacturing code until
February victory for the
companies, industrial circles here take
no complacent attitude toward the
situation created by the armistice
between labor leaders and the motor
magnates.
The date on which the code will
expire under the temporary agreement
packs a carload Of dynamite. Febru-
ary always il one Of the busiest
months of the year for the factories.
Orders pile into the offices in the
wake of the January shows and the
companies bend every hand to stock
their dealers with cars for the Spring
Evening star., 1934-11-11
Brokers Predict
More Extras and
Special Dividends
Threat to Surpluses Held
Cause of Directors
Liberal altitude.
BY the Associated Press,

BY the Associated Press.
NEW YORK, November 10.-Com-
mission house statisticians expect
Santa Claus to visit the financial
district this year with a somewhat
heavier pack of extra dividends and
special payments than he had the
last two years.
Last year more than 20 outstanding
corporations declared extras or special
dividends toward the end of the yea1
in keeping with the Christmas spirit
The frowns in Washington at "un.
reasonable" additions to corporate
surpluses is expected, as one reason
to make directors more generous this
year.
Evening star., 1934-11-11
DIVIDEND IS ORDERED.

NEW YORK, November 10 R.-
Directors of Collins & Aikman Corp.
have declared the regular quarterly
dividend of SITS a share on the pre-
ferred stock, payable December l to
stockholders Of record November 6.
Evening star., 1934-11-11
AMERADA NET HIGHER.

NEW YORK, November 10 (P.-
Amerada Corp. and subsidiaries report
for the third quarter net profit of
$424,657 after charges, equal to 54
cents share, compared with 1922, ,101
in the September quarter last year
which was equal to AZ cents share.
Evening star., 1934-11-11
0GILVlE MADE HEAD
OF BANKING FORUMS
Institute Chapter Will Hear c. O.
Hardy at Opening Session
November %.

Walton L. Sanderson of the Hamil-
ton National Bank, president of
Washington Chapter, American Insti-
tute of Banking, has appointed Stuart
Evening star., 1934-11-11
Sales in Other Districts.

The Federal Reserve Board an
nounced here yesterday that prelim-
mary figures on the value of depart
ment store sales show an increase from
September to October of about the
estimated seasonal amount. The Fed
eral Reserve Boards index, which
makes allowance for differences in the
number of business days and for usual
seasonal changes, was rs in October
on the basis of the 1923-1925 average
as 100, the same as in September and
compared with 79 in August
In comparison with a year ago, the
value of sales for October was IL per
cent larger; when allowance is made
for the fact that there was one more
trading day this year than last, the
increase from last year is about per
cent. The largest increases compared
with last year in total sales for the
month were shown in the San Fran
cisco, Richmond and Atlanta districts
The aggregate for the first 10 months
of the year was 13 per cent larger
than last year.
Percentage increases from a year
ago are as follows:
Evening star., 1934-11-11
Jan. ! to
Oct Oct. 81 Stores.
Ardrey to Address Bankers.

'October figures preliminary: in most
cities the month had one more business
day this year than last year.
Evening star., 1934-11-11

The sharp gains all over the fifth
district are considered most hopeful
sign and prove that the years sales
totals will be far ahead of the returns
in 1888
Evening star., 1934-11-11

Continued on Third Page.)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10
Club Hears
Reporter on
.Dionne Case
Helen Allyn Travelled by
Plane to Visit Home
Of Quintuplets.

Helen Allyn. the tiny woman re-
porter of the Cleveland Press, a
Scripps-Howard newspaper, who flew
with a photographer to Corbeil, On
tario, Canada, to cover the Dionne
quintuplet case, came here yester-
day to describe her experiences to
the Woman's Press Club of Indiana
in the Columbia Club.
The unexpectednesS of assign
ments is responsible for much Of the
fascination of newspaper work, she
believes, and orders from her city
editor to make 700 mile plane trip
to the scene of the Canadian story
provided one of these memorable
occasions.
She went to Canada and upon ar
rival ignored discouraging reports
of the foolhardiness of trying to
reach the home or getting a story
AS a result she sent her city editor
story and pictures, exclusive in
nature.
Mss Allyn SCOTS at the idea that
women reporters are luxury. She
made a survey of the matter among
her editor associates. They believe
that the woman reporter is neces-
sity She referred to coverage of
stories which require a woman's
viewpoint.
mo woman can detect what
women want to read better than an
other woman" she said.
Even if the woman reporter does
not write the eight column banner
news story, the human interest falls
to her lot" she pointed out. After
all, it's the human interest story
that both men and women turn to
first and it's the human interest
angle of the story that readers re-
member"
Miss Allyn has interviewed nu-
merous celebrities, whom she con-
Siders the spice of the main dish"
But often it's the simple bread
and butter story that provides the
most interest" she said.
A feature story which Miss Allyn
wrote about crippled child result
ed in raising of funds to send the
child to Warm Springs, Ga, follow
ing the Roosevelt balls for the bene-
fit of the sanatorium last year. Miss
Allyn accompanied the child to the
sanatorium and wrote a series of
stories regarding the experience.
Mrs. Florence Herr Stone, presi-
| dent, who introduced the speaker,
presented new officers and commit
tee chairmen, and announced that
at the November meeting Herbert
Hill of the Indianapolis News will
talk on Newspaper Work in Eu-
rope" Mrs. Maud Stout Wylie, Co.
lumbus, made announcements re-
garding various members activities.
Mrs. Sara Messing Stern, Chicago,
former president, attended the
guest meeting.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10
MISS TVINCEL WE'D
IN CHURCH SERVICE

Mr.. and Mrs. Richard Hanley en-
tertained with a wedding break
fast at their home, 206 North PERISH
ing avenue, following the marriage
of their son, L. Clifford Hanley, and
Miss Mary Katherine wheel at 9
this morning in st. Anthony's
church. the Rev. Michael German
officiating.
Mrs. Gertrude Whelan Gibson, or
ganist, played during the ceremony.
The bride was attended by Miss
Elizabeth Lenehan. bridesmaid, who
wore rust satin with brown Access
series and carried chrySanthemums
and pompoms in fall shades. The
bride wore tobacco brown satin and
carried Eleanor Roosevelt roses.
Richard Hanley Jr., Columbus, o.,
was his brothers best man.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10
Card Parties

A card party at 8 tonight in the
St. Joan of Arc school hall. Door
prizes will be given.
Auxiliary of the D. A. ", DR..
WorthingtOn chapter, Will entertain
with a card party at 2 tomorrow
afternoon at 1903 North Delaware
street. Euchre and bunco will be
PLAYED. The group Will hold its
monthly business meeting at 8 to-
morrow night.
st. Mary's Social Club will enter
tain with a card and lotto party to-
morrow afternoon in the school
hall, 315 North New Jersey street.
Martie Hayes is chairman of a
card party to be given at the Sew
enteenth ward Democratic head
quarters. 1920 Shelby street, Satur-
day night. Assisting will be John
Downey. Raymond Myers. Mrs.
Irene Alters. Mrs. Stella Brink,
Jasper Denton and Mrs. Louise
Betzler.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-10
WOMEN DEMOCRATS
TO BE ENTERTAINED

Mrs. Smiley N. Chambers will
give a tea at 3 Thursday for the
Democratic women of the Seventh
ward. She will be assisted by Mes
danes John w. Kern ST.. Thomas
Marshall, John w. Kern Jr., Albert
Losche and John Bingham
Others assisting will be Mesdames
John Donnelly, Badger Williamson.
Mary E. Cain. Irene Friedman.
George Connolly, Brooks Chosen.
Emma Fromhold, Mary Knippen-
berg. Ador Kruger. Amos Huxley
and Miss Agnes Coleman.
Judge John w Kern. Democratic
candidate Tor mayor, will speak. All
candidates are invited.