davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-21

other corresponding age groups" he
said.
Freshmen will receive instructions
on pedestrian safety, and the upper
classmen will be expected to learn
traffic laws. Capt. Lewis L. john
son, head of the accident prevention
bureau. said that police department
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-21
MIRA CODE AUTHORITIES
GET TAX EXEMPTION
80 in State Are Released From Fed
eral Income Payments.

eral Income Payments.
Code authorities under the NRA
are entitled to exemption from pay
ment of Federal income taxes under
a ruling by the internal revenue
commissioner, it was announced to-
day by Francis Wells, state NRA
compliance officer.
Afidavits must be filed with the
collector setting forth facts bearing
on the authority's right to exemp-
ton as a non-proflt entity. There
are about 80 code authorities in In
diana.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-21
PARIS SALON REMOVES
ART SLAMMING HITLER
Carioature of Women Spy Incident
ROuSes NaZis.

By United Press
PARIS. March PA protest by
the German embassy has caused
removal from the Humorists' Art
Salon Of a cartoon depicting Adolf
Hitler's holding an executioner's AK
in one hand and the heads Of two
women in the other. it was learned
today.
The cartoon, based on the recent
execution OF two women as spies.
was entitled To succeed in life one
must be loved by women"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-21
safety films will be shown to each
group of students.
Church Club to Give Play

The Olive Branch Dramatic Club
will present a play. IAN on Account
of Polly" st 8 tonight at the Olive
Branch Christian Church. S. Penn
Sylvania and RaymOnd-sts.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-21
MONEY-BACK
GLAND IONIC
Restores XigOrOus Health


We guarantee to restore your pep
vigor, vitality: or we refund every cent
That's how sure we are that we have
the best gland remedy known. Thou
sands of tests have proved this to
our full satisfaction. Now WITHOUT
RISK, you can prove it to yours.
Glendage is the last word in modern
science. In convenient tablet form
Glendage contains extracts from the
glands Of healthy animals. The effect
is astonishing, almost magical You
feel and look years younger Your in
terest in life returns. Vigorous health
is necessary for success in all activity
today!
Do not confuse Glendage with other
so-called gland remedies. 1t is entirely
unlike others-IS A REAL GLAND
PRODUCT and carries an UNLIMITED
GUARANTEE OF SATISFACTION OR
MONEY BACK. You owe it to your
self and family to try this new day
gland remedy. 30-day treatment, So,
at the Hook Drug O.-Advertisement.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-21
PUPILS TO Get
SAFETY COURSE
Police Lectures and Films
to Feature Three
Programs.

Washington High School pupils
will receive instructions on traffic
laws regulating motor and pedes-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
SWINE VALUES
RISE Is CENTS
Top Price Again Reaches SO
Level; Cattle Market
Strong.

Hog prices at the Union Stock
yards this morning displayed gen.
eral advance Of 25 cents, the first
substantial upswing in about a
week.
The sharp advance, attributed
chiefly to an extremely light run of
supplies on hand during the last few
sessions, was effective in practically
all claSsifcations. With initial
trading at fairly active pace, de-
mand was slightly stronger. Re-
ceipts were estimated at 1000, COM
pared with only 1000 Saturday, the
lightest supply available for the
month.
The bulk, 100 to $50 pounds, was
selling at $685. to SO, today's top
price. Heavier weights, scaling $50
pounds and upward, were salable at
$685. to S875. In the lightweight
division, hogs weighing 1870 to 100
pounds, cashed in at $7.65 to 1855,
while 100 to 100 Founders, brought
$6.4O to $740. Packing SoWs held at
9i'i0 W 9o'Ao' I1O4uOFeIS WeIe w.
With initial supplies consisting
mostly of odds and ends, trading in
slaughter steers was, strong to
slightly higher than Saturday Most
odd lots held under SO, while few
loads of heifers sold at 50. Some
classes of steers held steady at
$3.50 down. Vealers again were I'M
changed at $3.50 down. Lambs we're
scarce and unchanged, with no sales
reported.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
new SELLING
PUTS CARRIER
GROUP LOWER
Other Sections Follow Car
rierS; Steadier Tone
Develops Later.

BIZ JHitcd Press
NEW YORK, March 25.-Renewal
of weakness in the railroad division
brought the stock market down in
the first two hours of trading today
Rails and other sections had losses
ranging to more than 2 points.
Trading continued light however
and toward noon a somewhat stead
Ter tone was noted.
In the carrier group, AtchlSon
made a new low for several years at
81. off "a, and then regained a
small fraction of the decline. Union
Pacific was down points at IS and
losses of fractions to point were
made by New York Central. Penn
sylvania and Southern Pacific.
Steel common slipped back near
ly a point to 284 and other in
dustrials followed it down. Amer
lean Telephone lost nearly point
Motors met selling that brought
Chrysler down to 33, off II, and
Hudson to a new low for the year
at 6l2, off Ia.
Industrial Rayon declined 2H to
25, a new 1885 low. Utilities re-
sumed their decline. Rubbers, oils,
chemicals, coppers and amusements
eased. Wet stocks and silvers about
held their own.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
Other livestock
(By United Press


Fl. WAYNE. March 25:-Hogs..25@ 3oc
higher: 200-250 lbs, $3.50; 250300 lbs,
s875: 3oo-35O lbs. $50: 10000 lbs So CO.
l60-ls0 lbs, 1910: l50-l60 lbs, So 40 40
$50 lbs, $3.50; l3O-l40 lbs, s7.65; l2o-l3o
lbs. s715; 10o-l20 lbs. So S. roughs, $3.50;
stays, s5.25. Calves. So: lambs, So.
CBy Times speciaD
LOUISVILLE. March 25-Cattle-Re-
ceipts. 1000: most Of run butcher cattle.
quality fairly desirable; market, moder-
atelv active fully steady 10 strong with
close last week or 25d5Oc under last Non
day; bulk common 10 medium laughter
steers and heifers S6.5OH 8.75: most better
finished steers and neifers, S9dl0.25; lat
ter TOD for good 670-lb. mixed yearlings
bulk beef cows. 81 500 s.: good kinds and
smooth heifer types 20 SIS so; low cutters
and cutters, mostly s2.75d4; bulk sausage
bulls. s5.25 down; desirable beef bulls.
active. generally steady. bulk better Here
calves 20 SO or better. Calves-Receipts
500: market. steady with last Friday and
Saturday: bulk good 10 choice yealers
ST5OMe strictly choice 20 SO so: medium
and lower grades. IS so down 10 SO or less
for light culls. Hogs-Receipts. 1000. mar
ket. zoe higher than last Friday and Sat
urday. top and bulk desirable 10000 los.
So 10. 255 lbs up. SO Is; i60-l75 lbs, $3.50,
i4o-l55 lbs. 81 70: l20-l35 lbs. s675: sovs
weighing 900 lbs. down. IS IS. heavier Sows
discounted SOC Sheep-Receipts. So
steady, bulk. medium 10 good lambs, STA
g: choice quotable to $3.50; common
light throwouts, mainly IS and lat ewes
$3.50 down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
Means Test Adopted

In 1881, it was decided to treat
extended benefits as relief rather
than as insurance. and a means
test" was put into effect. BY that
time, the insurance system was in
debt to the exchange to the extent
OF Sis. 100000.
The radical change that was made
in the British System-that is, the
divorce between unemployment and
public relief-made a conspicuous
difference in results. The system is
now paying back its debt to the ex-
chequer at the rate of $1,000 900
a year.
Workers are qualified for benefits
when premiums in respect to them
have been paid for not less than
thirty weeks in the preceding two
years. Benefits begin after a wait
ing period of six days. In the case
of workers who have left their en-
plOyment through misconduct or
voluntary quitting, the waiting
period Is increased to six weeks. No
benefits are paid for loss of employ
ment during a strike IN the work
er'S own establishment.
Under the act of 1934-now in
forCe-trsining is given to unem-
ployed persons in schools or train
ing CenterS.
Labor exchanges are an important
feature of the British plan. and have
proved OF great use in placing I'M
employed workers in new jobs.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
On Commission ROIC

Quotations below are AVERAGE wholesale
Prices reinE offered 20 hEyers by local
commission dealers
Fruits Bananas Sc = Apples. Vine
sls- 1e7s 81 g Grapefruit Texas. SEED
less So IS. Arizona s4s. -os and SOS. s. 50.
Lines Mexican. per carton Us. sc.
Byram. sfecless Per hundred. 81 Pine
apples Porto Riesns crate. s. AyocaooS.
Florida. box. s. So Strawberries Florids.
pint -n0 1lc Ter S6-rr crate ApricofS.
So crate Grouss south America white.
So black. e. Honey Dcvs south America.
So Is. Nectarincs. South America. box.
sob har SIS. new red Texas. hamper
$50. new Texas. hat crates. s. -
onions Western spanish. sob 68S
s. s. Michlrsn yelcvs 5o-ln. hsE s. %
g. 90 sc-ecte1 cc6h-ers. sob nsc- 81.
Chios. loo--e haS- 81 90 Idaho RussetS.
tushel s2is. sweet potatoes Indiana Jer-
sevs hushrl 81 So medium G. seed. s. 10
Nance Halls busnel Sis. Beans. round
washed and trimmed medium. co-.. s0c
f-mco dor -sc- hearts dor 91c Cucum-
hers hof house dozen S. So dozen box
s. IS Eudite California. dozen. soc. crate.
tushei So Let-uce Hot house. ls-i6.
s7-s Yuma. craze sfSo Manages.
s. seas crate Sna. basket soc
Prss. hampers So IS Spinach. Texas. 6lshel
81 50 Fsrisrfs dozen. IS sSc- Florida
oranges. S1-S Tu-rips h-shel -Sc Pars-
n.Ps. 5ushsl SEE Sees. bgshei, s.
Frrrsrh nor housr s-lo carton. s0f5Sc
c,-rn punches I. Mushrooms IT,. 3oc.
All quotations subject 20 chance ID or
down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
Produce Markets

Delivered IN Indianapolis prices: Heavy
breed hens. lSc. Leghorn hens, lie; col
ored spr.ngers. i3c. heavy stays. lie. Leg
horn stays. &C. old ROSTERS. &c. ducks:
fun feathe-ec and fat. &c: geese. fun
feathered and fat. &c: sn classes OF
guineas. fsc. No. I strictly fresh country
run eggs loss OF i7c. Each full cases must
weigh s. lbs gross. a deduction OF lOc a
pound Tor each pound under S. lbs VIII
e made. Buti5r-NO. l. S3G3ic, butter
fat 2se. Quoted bv the waoley Co.
BY United Press
CHICAGO. March ESgS-Market IN
settled. receipts. 20 sol cases. extra irsts.
cic. fresh graced frsts. p -. current re-
ccip-s. 1e7sc. dirties. ls--c. checks. lsc
Butter-MarSet. Arm. receipts. Sso2 tubs:
extra hrsfs o0-eiiz score. 3lc. extras -
scoreH. size frsfs ss-ssi7 score 30M
so' &c. seconds .s6-s7is scoret. % e &C,
specials. ia,Ts2Rc- standards 81 &c
Pouifrv-Msrket steadv. receipts. 70 trucks.
ROSTERS 49, ffsisc. ducks. lsT7ic. tur-
KEYS i9H2ic. geese. Tia iSc. stays 10 &C:
broi.ers 14c tryers. 2sc. hens. 49, 9 zoe
Cheese Twins I5WISisc- Daisies. l5isM
1sac. Longhorns. iS3srisc. Potatoes
Old stock supply liberal. including seed
stock. demand and trading SLOW. market
steady on GOOD stock, Wisconsin round
Wilkes. ssc. commercial e. &C: Idaho rus
sets. 81 son 81 -. commercial grade.
81 52i11l7s. New stock-Florida, buShel
crates bliss triumphs, washed. 81 9Sl ?.
United states No. ? SITS. Arrivals. i53.
On rack. 5o2; shipments. IA Saturday. IS
sunday
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
PRODUCTION INCREASES
Westinghouse Electric Operates at
Capacity During Week.

SPRINGFIELD. March 25.-The
Westinghouse Electric and Manu-
featuring Co. here last week reached
capacity production of refrigeration
units and fans. according TO a re-
port released today.
A slight increase also was regis
tered in the output Of small motors.
AT present the plant Is operating
three turns Of thlrty-siX hours each
and employment is estimated at
around 1000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
TRADE VELOCITY DROPS
SLIGHTLY DURING WEEK
Favorable Easter Business Seen for
Current Year.
BIZ Times Special

By Times SpGctdt
NEW YORK, March 25.-Result-
ing mostly from adverse weather
conditions and some recession IN
the rate of general industrial activ-
ity, trade velocity slackened during
the last week, according to report
made today by Dun g. BradStreet,
Inc.
With the spread between distri-
button and production narrowing in
recent weeks, indications are that a
favorable Easter business will be
done this year. The slight weak
ness in trade, however, can be con-
sidered a period Of relaxation after
the steady advance from october, it
was stated.
Retail sales during the week in
dollar volume were approximately
2 to 7 per cent higher than a year
ago, with unit turnover 3 to per
cent lower. Industrial operations as
a whole were slightly lower than in
the preceding week, the report
showed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
REPORTS OF RAIN
FORCE GRAINS OFF
UneasineSS Abroad Factor
in Early Downturn.
By United Press

By CHited Press
CHICAGO, March 25.-Uneasiness
at Liverpool and scattered precipi-
tation over dry sections of the
Southwest started wave of liquida-
ton today on the Board of Trade.
Prices were lower on the first
sales. Wheat opened y to p cent
lower, corn was down q to q cent
oats was off - to u cent, and rye
was off Il cent.
The English market opened 4
cent lower to 4 cent higher on dis
couraging advices from this side.
Longs liquidated their holdings.
The paramount factor here, how
ever, was the report of good rains
in some parts badly in need of pre-
cipitation in the domestic South
west.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
FINANCIAL DATA

During the year 1884 cash ano
securities dropped S5,800.000. In
ventories, however, were up $685., 000
but net working capital declined
more than s5.IO0.O0O SURPRISES in
creased s1.700.O0O. Good will and
trade marks was figured on the
books Dec. 81, 1888, at 81. This
item appeared as s4.915.63S on the
December. 1884. balance sheet. On
Dec. 81. 1884. the current ratio vas
about To TO l while the capital
stock equity. exclusive of goodwill
and trade marks. was S16.59 or a
drop of 1921 during the year.
Sterling Products has always
shown good earning ability. The
low point Of recent years was in
1888 when s4.66 was earned on the
capital stock. 1t earned S4.79 in
1884.
The company has paid regular
dividends since it became independ-
ent after the dissolution Of Drug
Inc. The capital stock paid $3.50 in
1884 and the present annual rate
is $3.50.
Sterling Products was incorporat-
ed in 1892 in Delaware. The CAPT.
tai stock was listed on the New
York Stock Exchange in August,
1888. At a current price OF around
81 the capital stock sells to yield
better than per cent and for Is
times 1884 earnings.
IAN Rights Reserved winchester Institute
% Finance. Winchester. Mass.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
BUILDING AWARDS DROP

BIZ Tunes Spect1I
NEW YORK, March 25.-A de-
crease in the volume Of engineering
construction to S22 ,641 900 for the
week, compared with s27721 900 in
the previous week, has been at
tributed to lower Federal awards,
according to the Engineering News
RECORD.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
CAR, TRUCK PRODUCTION
REACHES 100000 MARK
Weekly Output in United States
Canada at 1880 Level.

~ '"iFe NffTfTf
DETROIT. March 25.-For the
first time since 1880 the 100000 mark
was passed in the weekly prOduc-
ton Of automobiles and trucks in
the United States and Canada last
week. The current estimated out
put was l00O65 units which COM
psres with $1,000 recorded for last
week. Weekly production year ago
amounted 20 81 $50 units. according
10 Grams Reports. Inc.
The present total exceeds the
peak Of last year which was reached
during the week ended April IS,
when the estimated volume was 90.-
$50 automobiles and trucks. II also
closely approaches another high
peak for the industry which was
seen the week ended July y. 1890.
when 10000 units we're manu-
featured.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
Stock Studies

Sterling Products Inc. is rated as
one of the largest producers of
medical household remedies in the
world. The company was originally
organized in 1901, but merged with
the United Drug Company in 1928,
becoming one of the units of Drug
Inc. Upon the dissolution of that
company it became an independent
manufacturer.
Products are widely advertised
and used by families in practically
every part of the world. It's two
principal products are Bayers As
pirin and Phillips Milk of MagneSia.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
FsrIrS AND VEGETABLES

EEr NWlffr PRESS
CHICAGO March 5 -Alp-es- Michigan
Jorarnars. 1usnei 81 q 80 MCINTOSH
81 sagfss California crates
So sfT7 Lettuce-Westerr crates. 81 sou
s ccrf. rirs-Illlncis. rusnel. zofI
TSc sweet Potstces-L tennessee rusile4
fsnssc In6ans. 81 25r J 3 Beans
Ffortda eushel. green. s. soc 3 IS. Spinach
-Texax husreL xi75Giso Cabbage
WISCONSIN. 100 rs s. ssG - Onion Sc.
e Michigan sacks c1snel No Fel-oR
v7-s pra-Caffcrnia busncl hampers
s. e0I11s Tomafnes-Flrrlca Tugs. s. Is
m31 Onion market loQ-ln. SACKS r.
Michigan veliows. g. $50 2. Illinois ye4loEs
flsoG9. western Na.ene4sS. 10 sa4es.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
DIVIDEND IS DECLARED
BIZ Times Special

BIZ IWfS NVttTWI
NEW YORK, March 25.-Directors
of the American Maize-Products Co..
have declared a regular quarterly
dividend of $175 share on the pre-
ferred stock and 25 cents a share
on the common, it was learned
today. Both are payable March 80
to stockholders of record,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
Things in Wall Street Not So Hot;
Broker Takes Up With Te1pSich0re
Charles D. Brooks, Ne
Carlos de Vega, Finds
Traders Shoes Pinch.
BY LEONARD ROGERS
Times Special Writer

NEW YORK, March 25.-Carlos
de Vega is going to return to the
dance stage. Lately he has been
/ practicing the classical and modern
T Spanish dances that made him
famous in international halls in pre-
depression days, and proposes short
~ to abandon a career as a Wall
Street broker, which he has followed
since 1929.
I'm tired of this uptown low
down I've been doing" said Senior
de Vega. Besides" he added,
things aren't so hot in Wall Street
any more"
In April, 1929, Senior de Vega was
starred with Garcia Goya in a
recital of Spanish dances at Car
negie Hall. To the accompaniment
Of a harp and piano he danced
La Vida Breve," a De Falla Opera
and Andalusian and Aragonesa folk
steps in bell-legged trousers and a
red sash. The next day he donned
a business-like tweed suit and
plunged into finance as Charles D.
Brooks" broker and specialist in
what then were known as puts and
calls" but now are more politely
identified as options"
On Crawford BandwagOn
In the middle of the depression
Edward A. doc Crawford was
riding into the peak of his corner in
rye and enormous speculation in
stocks and all commodities. Mr.
Brooks, the erstwhile danger, climbed
on to the DR.. Crawford band
wagon.
BY the middle Of June, 1888, he
had amassed 100000 in paper prof
its was spelling art with a lower
case initial and was becoming
known in sections as a broker
The Crawford crash a month
later carried Mr.. Brooks profits
away, but. like a veteran Wall
Streeter. he entered upon new
speculations, as he admitted today,
and has been a familiar figure in
the financial section ever since.
Dapper, sleek but minus the side
burns he wore in 1929, he was found
by an interviewer at brokerage Of
flee on lower Broadway. He was
watching with evident interest fluc-
tuationS of cotton futures as re-
corded on an Illuminated ticker
tape.
Returning to Spain
I'm going back to Spain for
few weeks to perfect the refurbiSh-
ing of several dance numbers and to
add somewhat to my repertoire" he
said. L have some prospective
concert engagements in Europe and
will be back in the United States
porbably next autumn"
While Senior De Vegas actual ca
reer in finance began in 1929, he
made his debut. as he called it, as a
Spectator in 1920 when he was II
years old While he was studying
dancing in Europe in the early
twenties he kept superficial contact
with Wall ST., so he said, and was
well posted on the general technique
of trading when he abandoned
dancing.
In like way, he has kept up con-
nections formed in his dancing
days, but always, in recent years, as
Mr.. Brooks, the broker. His dinner
uptown for Escaduero last winter set
a modern-day high for receptions to
visiting stage celebrities.
so now you are going to COM
pete with Escaduero?" he was
asked. NO, no, no." said Senior de
Vega. He dances the primitive. I
dance the classical"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
SURVEY PLANNED BY
CONFERENCE BOARD
Place of Machine in American
Industry to Be Studied

BIZ Times Special
NEW YORK, March 25.-A care
full and complete survey of the ex-
tent of mechanization in industry
will be made by the National Indus
trial Conference Board, Inc, accord
ing to an announcement made today
by Charles j. Stilwell, president of
the National Machine Tool Builders
Association.
Included in the survey which, it
is hoped, will establish facts con-
corning the place of the machine in
American industry, will be a study
Of machine production, machine dis
placement of labor and technology
cal unemployment, it was said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
Wall St.
Unlisted S Security
Regulation Is
Difficult.
by RALPH HENDERSON,
Times special Writer

NTEW YORK. March 25--Joseph
- p. Kennedy. chairman o. the
Securities and Exchange Commits
sion. finally has gotten around 70
bringing unlisted security dealers
under the wing Of the government.
Having put the listed exchanges
fairly vel % nights. he now takes
~ fhe biggest assignment Of MS
Office
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
ImpOrtatiOns Blocked

Another point of difference is that
according to cable dispatches the
Belgian exchange control has pro-
hibited the Importation of gold, as
we'll as its export. This was done,
exchange dealers here believe, to
make the position OF the specu-
lators, who had been selling the
belga short, still more difficult.
Contracts in Belgium can not now
easily be satisfied in gold witho@
permission of the authorities.
The result, as intended has been
to place the shorts in a serious pre-
dicament and effectively to discour-
age belga speculation.
1t is not at all clear, however, that
the Belgian action will have per-
manently stabilizing effect. BY
placing the belga in the semi-gold
category as the Ira, the foreign
trade of the country is put under
additional impediments.
Unless France can and will supply
the needed orders that are requires
to increase Belgium's export trade,
the position of her currency will be
helped but little Belgium must con-
tinue to import large quantities OF
food supplies to feed her people.
Either exports in larger amounts,
or gold, is essential. Belgium can
not spare the gold.