davidaulloa/AmericanStories huggingface dataset:
Evening star., 1935-10-13
METALS ADVANCE
SHARPLY IN WEEK
New Buying Wave Sends
Copper to ga Cents,
Best Since 1881.
By the Associated Press.

NEW YORK. October 12-Highest
prices in several years were touched by
most of the metals on advances regis
tered in the past week.
Another active buying wave in cop
per. in which more than $4,000 tons
we're taken on several days. preceded a
accent rise in the domestic price for
electrolytic to 81 I cents, the best level
since 1881.
Because previous heavy purchases
had supplied remaining 1885 require
ments. demand was largely for jan
uary delivery. The latest advance re-
flected rise in export prices to as
high as 9.15 cents elf. European
ports and continental demand was sus-
tanned during the greater part of the
week. Moderate buying by home fab
ricators continued at the advance
Some increase in both domestic and
foreign mine output was said to be
under consideration.
Tin Prices Boosted.
Tin quotations rose 3 cents largely
because of sharp advances at London.
where active demand for limited spot
supplies was reported. Domestic mill
buying. however, was moderate owing
to curtailed tin plate operations at
so per cent of capacity and large
stocks of finished tin plate. The ad-
vance in metal attracted a little re-
selling by some consumers from stocks.
Zinc prices moved up 50 per ton
when active buying. stimulated by
firmness of other metals, absorbed sup
plies. Business tapered off at the
advance, but sellers were firmly en-
trenched by stronger statistical po-
sition. Large September shipments
reduced smelters' stocks. but additional
business placed has left large untitled
orders on their books. Some old zinc
mines are said to have been reopened.
Lead Sales Halted.
After advancing 81 per ton, lead
smelters later rescinded the advance
when buying interest was withdrawn.
Fears of competition from scrap was
also believed to have influenced the
action of sellers. However, large Or
ders placed prior to the advance were
said to have placed smelters in firm
position.
Anthony quotations for various
grades advanced 1s to y cent to the
highest prices since 1927. due largely
to reports of advances on the continent
and in China. Trading, however, re-
manned restricted.
Evening star., 1935-10-13
BIG GAINS in DEPOSITS
AND TOOL ORDERS HAILED
Funds Available for New Equipment
Regarded as Sign of Returning
Prosperity for Capital and Labor.

As an indication of the trend. net
demand deposits, outside of New York,
are now above the boom days. Monthly
averages follow:
1928, $7,l47 900, 900: 1929, $7,OO4,-
10000: 1880. $6,976,OOO.0O0; 1898
$5,255 600, 900.
August, 1884, s6,6O7 ,OOO, 900: Janu-
ary. 1885, l42,OOOQOO; July, 1885,
1888 600 900; August, 1885, $7,822,-
900 900.
New orders for machine tools and
forging machinery, with l929-30 equal
to 100, stood in August of this year at
lilo. The monthly average record
looks like this:
1928, 1857; 1929, 1875; 1880, 626;
1882. l7.3.
1894 (August. 365: 1885 (January)
Continued on Third Page)
Evening star., 1935-10-13
BY RAIDER WINGET,


(Copyrisht. 1888. by the Associated Press)
NEW YORK. October l2.-An i'm
posing array of statistical evidence is
cited currently by economists to prove
that national prosperity is returning.
Many economists believe that out
standing in the American economic
recovery picture is the combination
of extremely high net demand de-
posits of banks and the recent astound-
ing expansion of machine tool orders.
Deposits, it is explained, represent
funds available for the purchase OF
equipment, and the buying of that
equipment means producers are either
stepping up output or preparing for
that move. In either case, the result
can be translated into personal pros
perity for both employer and employe.
Evening star., 1935-10-13

ton of specific interest to every banker
In America, Mr.. Hecht asserts.
Several thousand bankers already
have made reservations for the con-
vention. The Roosevelt Hotel will be
headquarters. The Washington dele
CATION has reached 38. To the dele
gates from the Capital the final days
program will be of exceptional interest,
this including the installation of Off
GERS, Robert v. Fleming. president Of
the Riggs National Bank, being slated
for the presidency. He is now COM
pleting most active term as first vice
president.
Thomas J. Groom, second vice presi-
dent of the District Bankers Associa-
ton, who is chairman of the Trans
portation Committee for the local
delegation, announced yesterday that
the party will have private car
attached to the Crescent Limited. one
of the Southern Railways finest trains.
Other financiers from here will make
the trip aboard the bankers special,
which comes down from New York
Still others are going by plane.
d. C. Delegation Grows.
Additions to the list of delegates
already printed are Charles H. Tomp-
kinS, director in the Riggs National;
Edward F. Colladay, director in the
Second National; Albert S. Galley ex-
ecutive vice president of the Lincoln
National Bank and treasurer of the
District Bankers Association; c. c.
Lamond. president, Clarendon Trust
Co.; William Miller, manager Brown.
Hartman & Co.: Benjamin johnson
and c. j. Durr of the Reconstruction
Finance Corp.
George o. Vass, vice president and
cashier, Riggs National. will fly to New
Orleans to attend a session of the A.
b. A. Council and the last days gen.
eral session for Mr.. Fleming's inau-
guration.
The local delegates will have their
own headquarters and many will stop
at Lookout Mountain and Biloxi on
the way. They anticipate great
trip. Full details of the meeting Of
the national bank, trust company and
savings divisions will be announced
shortly.
Constitution Changes Planned.
Such conservative bankers as the
members of the District Bankers As
sociation are seriously considering
changes in the associations constitu-
ton. 1t is understood, however, that
this section has nothing to do with the
document so ably guarded by the Su-
preme Court.
The change relates to the rules
governing the safe deposit section OF
the association. At present only four
representatives from single bank may
attend the section meetings. They are
all from the main Office, which bars
out all representatives from the
branches.
It is proposed to allow the attend
ance of one representative from each
branch bank in the city. This will
keep the branch office in closer touch
with the sections activities and at the
same time greatly boost the total at
tendance.
The voting power of each bank will
remain unchanged, each bank having
but one vote, regardless Of the number
Of representatives allowed at the meet
ines. The proposed change is meeting
with general approval and officials are
free to predict that the constitution
vtil be amended at the next businesst
session Of the association, October 81.
Evening star., 1935-10-13
TOBACCO SALES HEAVY
ON VIRGINIA MARKETS
Nv the Associated Press.

BY the Associated Press.
Heavy sales and prices which. in at
least one instance. were advancing,
characterized the Virginia old belt to-
bacco market yesterday.
The total sales and average prices
paid, per 100 pounds, on the leading
markets of the State yesterday were:
Danville, TAI, 1854 pounds at $21.85.
South Boston, 100000 pounds at
$22.50. Brookneal, total unestimated,
average price, $26. Petersburg, $4,000
pounds at prices at least equal to yes
terday's average of $23.19.
Evening star., 1935-10-13
Thirteen Experts Are Added.
Probe Into Rigging Re-
garded as Test.
BY FREDERICK GARDNER,


The Securities and Exchange Com
mission has increased its Wall street
staff of market sleuths by nearly 25
per cent.
Thirteen additional trading investi-
gators and expert accountants were
added to the pay roll of the New York
Office this week without previous an
nouncement from headquarters here
Outwardly it was just another step
in the expansion of the bustling
s. E. C. forces preoccupied with reg
istration of security issues, prep
arations for administration of the
utilities act, rule of over-the counter
markets and other duties which are
making the commissions Offices one
of the busiest spots in the Capital.
But some close observers OF the
8. E. C.'s activities read significance
into the expansion of the Wall street
force in face of the increase In trad
ing since last Spring and talk of a
possible imitation of stock prices.
Trading Volume Mounts.
Regardless of the possibility OF
further expansion in speculation, Off
cials say trading has increased sufi-
ciently to justify larger force of
investigators in New York.
James M Lands. recently elected
chairman of the Securities Commits
sion, during visit in New York this
week, said the commission had been
receiving an average of about 400
complaints a month of violations of
the securities and the exchange acts.
Most of these, it was said, are sifted
thoroughly.
Some tape-readers profess to have
seen during the recent advance of the
market indications of efforts to re-
vive the old-fashioned "jiggles' in
vogue before Congress turned thumbs
down last year on manipulation of
security prices.
Complaints Are Probed.
Whether the commission has un-
earthed evidence of manipulation in
the Wall street sector has not been
disclosed. Spokesmen for the COM
mission merely say complaints are
being investigated"
The first. important test Of the COM
missions power to stop manipulation
was expected to develop out of an in
quiry into alleged market rigging on
one Of the smaller interior exchanges,
involving two Denver brokers.
Officials concede the temptation to
try old market practices or devise
new ones would be strong in the event
of a real imitation rise and further
increase in public interest in stocks.
With the new men just added to
the staff, the New York Office has
nearly so persons, most OF them
trained investigators and accountants
ready to trail complaints of violations.
Evening star., 1935-10-13
Industrial Index Registers
Sharpest Climb Since July
BY the Associated Press.

NEW YORK, october 12.-The As
sociated Press weekly index of indus
trial activity today registered its
sharpest advance since July.
Boosted by big gains in automobile
production, cotton mill activity and
freight movement, the index rose to
73.1. compared with 7o.s the previous
week, and only COL q year ago. The
index is adjusted for seasonal varia-
ton and based on the l92a-3o aver
age as 100.
The index, together with seasonally
adjusted indexes tor its six com.
Evening star., 1935-10-13
RUBBER STOCKS SHOWN.

NEW YORK. october IL P,.-
At the rate of absorption of crude
rubber in this country during the
last three months, stocks in the United
States represent 8.8 months supply,
as against 86 months supply indi-
Gated at the end of July and 10.3
months supply indicated at the end
of July, 1894, according to statistics
prepared by the New York Com
modify Exchange.
Evening star., 1935-10-13
BUICK VOLUME RISES.

NEW YORK, October IL R.-
Unified orders of the Buick Motor
Car Co. on October 10 totaled 20.009
units, peak for the year, and COM
pared with 1880 on hand on october
/. Production is being increased, with
current output at 750 cars day. the
highest in recent years.
Evening star., 1935-10-13

1885, he will speak on Banking Leg
islation."
Washington will furnish an array
of speakers for the years most impor-
tnat gathering of bankers. Others on
the program are Leo T, Crowley,
chairman of the Federal Deposit
Insurance Corp; Controller of the
Currency j. F. T. O'Connor, Chair
man Jesse H. Jones of the Reconstruc-
ton Finance Corp. and Mariner S.
Eccles. governor of the Federal Re-
serve Board. Speakers, not connected
with the Government. include Maj.
L. L. B. AngaS. Lewis H. Brown, presi-
dent of the Johns Manville Corp. and
Harper Sibley, president, United
States Chamber of Commerce.
The sixty-flrst annual convention
will be devoted to the far-reaching
changes in banking laws, operations
and practices. Complete reports will
Evening star., 1935-10-13

Electric power production increased
to a record high level, but its gain
over the previous week was only of
normal seasonal proportions, so the
index for that factor was unchanged.
Steel and residential building regis
tered the only declines. but they were
slight and cama after recent sub
stantial gains.
Evening star., 1935-10-13

be rendered and
full discussions
will cover all
phases of the new
banking picture.
President Hecht
states. The out
standing fnan-
cial, business and
legislative leaders
will present au-
thoritative and
challenging mes
sageS concerning
industry, taxa
ton, economic
conditions IN d
Federal legiSla-
Evening star., 1935-10-13
STATE AND MUNICIPAL
FINANCING TO DECLINE

BY tho ASSociated Press.
NEW YORK. October 12.-New
State and municipal financing sched-
uled for next week by AZ municipalities
totals $12,507, ,902 as compared with
$14,452. .766 for the last week, accord
ing to the Daily Bond Buyer.
Evening star., 1935-10-13

of the American
Bankers ASSocia-
ton at New Or
leans on Novem-
ber II. The Vir-
ginia statesman
will be the first
speaker at the
opening of the
general sessions,
following the an
nual address OF
President H. ..
Hecht. Credited
with playing the
major role in
orm N e t h e
banking act of
Evening star., 1935-10-13
GLASS TO ADDRESS
BANKERS At START
OF 1885 CONCLAvE
New Orleans Convention to
Hear Senator's Views
on Legislation.
PROGRAM WILL REVIEW
FAR-REACHING CHANGES
Leo T. Crowley, Jesse Jones,
Eccles and 0'Connor Also In.
cluded on Speakers List.
BY EDWARD c. STONE.

After careful consideration, Senator
Carter Glass has accepted an invita-
ton to address the national convention
Evening star., 1935-10-13

Others feel that Gay in no sense
has taken an alarmist position. The
contention in these quarters Is that
fundamentally the market Is q COM
posite Of mass emotion which produces
iContinued on Fourth Page.)
The Washington times., 1935-08-17
SAFE.
ATWAKE|SLE

WAKE ISLAND, MID-PACIFTC,
Aug. II G.NS).-Nearly a ton of
miscellaneous supplies, including
fresh lettuce, fruits and other
perishable foodstuffs, was unload
ed here today from Pan-American
Anyways 19-ton clipper plane for
the isolated ground crew of this
tiny atoll.
The clipper rode at anchor in a
coral-rimmed lagoon where she
made a perfect landing at 1929
p. m. today 1925 p. m. Friday,
P.S.TD, completing a 1,20O-mile
flight from Midway Island in
eight hours and eight minutes.
The ground crew of Pan-Amer-
lean Always here devoured mail
and latest newspapers brought
from Honolulu by the clipper.
Capt. r. o. D. Sullivan, COM
mander of the giant plane, an
nounced final celebration tests Of
the powerful radio compass here,
which will serve to guide future
clipper ships over the Pacific air
route from the California main
land to the Orient, will be made
before the clipper starts back
tracking to her base at Alameda
airport, probably Monday.
The Washington times., 1935-08-17
C00LS
CAPITAL

Weather commentators were
cheated out of their best gag
today.
Those persons who delight in
saying, "It isn't the heat; it's the
humidity" had to look for another
line.
The principal cause Of this
dilemma among the humidity com.
mentators is the fact that, al.
though the humidity was unusual.
ly high today, the weather was
comfortable for the first time in
days.
Weather officials explained the
comfort was due. not to any de-
cline in humidity, but to a mice
little breeze from the East"
The temperature is not expected
to 60 beyond SO either today or to
morrow. It will be fair tomorrow.
too,
The Washington times., 1935-08-17
BEAUTIES VIE
IN ARLINGTON

ARLINGTON COURTHOUSE,
Va, Aug. ia number of Ar
lington county's most beautiful
girls will be paraded before judges
tonight to vie for the title Of
Miss Arlington"
Concluding a three-day carnival
sponsored here blythe Arlington
Post of the American Legion. the
beauty contest is expected to at
tract the largest crowd during the
three-day stand.
Miss Arlington" will be sent to
Virginia Beach next month, at the
expense of the local legion post,
to vie for the title of Miss Vir.
GINA" Competing with Airing
tons prize winner will be winners
from counties throughout tn e
State.
Among those who had entered
the contest before noon yesterday
are the two girls pictured here,
Miss Elizabeth Imboden, Of the
1900 block North Rhodes Street,
Clarendon. and Miss Dora Trick,
Of the 1900 block, Twenty-sixth
Street. Clarendon, and Miss Syb-
ria Wilkinson, 200 block, Wash
ington Avenue, Clarendon; Miss
Mary Elizabeth Carr, First block
Westover Street. Clarendon; Miss
Jean Strouse, 2100 block Military
Road, Clarendon, and Miss Kath.
leen Smith, of BallSton.
The Washington times., 1935-08-17
PER|LS
GUFFEY BILL

CONTINUED from Page ~
used less coffee or adopted sub
stitutes. England tried to con-
troll the rubber supply and fix
prices and 1t collapsed.
1.-THE Guffey coal bill, in my
opinion, will in the end hurt
the very people it is intended to
help. In New England we have
our backs to the wall. Our in
dustries and our people can't
pay the increased prices for coal
and they will do without or use
substitutes"
ILLINOIS VOTES CLAIMED
Backers of the Guffey bill, how
ever, claimed they were steadily
capturing votes. The bulk of the
Illinois Democratic delegation, at
first against the bill. was reported
to be changing. Representative
Keller CDD of Illinois said:
eve will get most Of the I'LL
nOiS votes. The bill will be the
salvation Of Illinois mines and
the State Of Illinois"
The Washington times., 1935-08-17
DR.. BL0ED0RN
TO MARRY

A wedding license was issued
at Arlington Court House today
to Mrs. Edith Sutherland Elmore,
daughter of Justice Sutherland of
the United States Supreme Court,
and DR.. Walter A. Bloedorn. dis
tinguished Navy doctor. Both
have been divorced, according to
the license application.
They are to be married tomor-
row at Cherrydale, Va, it was
learned.
Mrs. Elmore, who gave her age
as Al, resides at the Broadmoor
Apartments. DR.. Bloedorn, who
is 40, lives in Cherrydale.
Issuance of the license was the
first intimation the couple in
tended to marry.
DR.. 3loedorn was divorced by
his first wife, Mrs. May Howard
Bloedorn, in 1929, shortly after
his retirement from the Navy
with the rank of commander.
At the time the first Mrs. Bloc.
orn charged that her husband was
The Washington times., 1935-08-17
DU POINT RATE
T0BE TILTED

NEW YORK: Aug. II QN.SO.
E. I. dupont de Nemours & Co.
directors at their meeting in vii.
mington Monday will vote a sub,
stantial increase in the $3.50 a
share annual dividend on com
mon stock, International News
Service learned today.
Reliable sources predict an in
crease to 81 annual basis. One
group on the board, however,
favors q $3.50, with extras.
Such action would follow the
move of the General Motors
board two weeks ago, when 1t
voted an increase in the annual
rate on the common to 50 q
share and an extra disbursement
of Csc a share. Dupont owns
100000 shares Of Gener
Motors.
Earnings of DUPONT de Nemours
for the first six months amounted
to $1.73 a share, compared with
$1.S3 in the corresponding period
of 1884. This decrease was due
chiefly, it was explained, to about
50, 100, 900 lower income from Sc
curities other than General Motors
holdings.
1t has always been the policy of
DUPONT to pass along to its share
holders any increased or extra divi-
dends declared by General Motors.
The Washington times., 1935-08-17
DUCE'S BLUFF
inks BRITAIN
CONTINUED from Page ~

CONTINUED from Page ~
be crucial if both sides remain
adamant.
Negotiations are being directed
hour by hour from Rome and
London. Today'S session was de-
layed for a time while Baron
Aloisi. window-shopping in the
Rue de Ia Paix, awaited new in
structions from Mussolini.
Italy, the British feel, is stand.
ing with umbrella in one hand
and sword in the other, waiting
for the rainy season to end in
Ethiopia so hostilities can begin;
and MuSSolini wants a diplomatic
clash Tended off until then.
Must Face Sanctions
Accordingly, he refused Eden's
request for a full, concrete expla.
nation of exactly what Italy de-
mands. All he would vouchsafe is
that Italy wants a complete pro.
tectorate over Ethiopia such as
Britain has over Egypt.
The impasse resulted when
Britain outlined wide concessions
Ethiopia would grant to Italy for
colonization and exploitation of
the African kingdom, but en-
phasized that neither Ethiopia
nor Britain would permit one
League member to violate the in
dependence of another.
To avert a diplomatic calamity,
1t Is expected that. when the three
power conference adjournS, state"
ment will be issued saying that
views were exchanged, and
further negotiations will be cen
Quoted through diplomatic chan
nelS,"
The Washington times., 1935-08-17
u. 5. ACCEPTS
BRITISH SHIP
FARLEY BID
However, Only If Not
Based on Any Prior
Commitment
international News Service

The American government Is
prepared to participate in any
naval conference which Great
Britain deems fit to call this year,
providing the conference is not
based on any advance demands Of
other naval powers.
This was learned today, follow
ing London dispatches that Great
Britain had issued invitations to
the naval powers to meet in con-
ference this autumn in order to
discuss the possibility Of conclud-
ing new naval limitation agree.
ments to supplant those which ex-
pire the end of next year. The
British invitation had not yet
been received at the State De-
partment here.
However, it was learned that
American Ambassador Robert w.
Bingham, prior. to his recent de-
parture from London, had let the
British government know inform
ally that this government was
prepared to participate in o re-
newal of the naval discussions,
provided they were not based on
any advance commitments.
Japan Might Insist
This reservation concerning
commitments was understood to
have been prompted by the fear
that Japan might attempt to in
Sist upon a declaration from the
other powers of recognition Of
Tokyo's right to naval equality as
the price for Japanese participa-
ton in any further discussions.
Indications were this Govern
ment would not be disposed to
favor such action.
In regard to the British Sugges-
ton that the principal naval pow
ers state their respective naval
building programs for a period Of
years in order to foreStall any
naval race, officials indicated
this Government still stood ready
to agree to that suggestion.
The Washington times., 1935-08-17
z DEAD, ; HURT
INAU70CRASH

GLEN FALLS, N. Y, Aug. II
G.N.SD.-An 8-year-old Windsor
(Ontario) child and her mother
lay dead today, while physicians
strove to save the life of another
woman seriously injured when
three other persons were hurt in q
collision between two automobiles.
When automobiles driven by
Mrs. Frank Miller, GlenS Falls,
and Mrs. George A. Potter, Of De-
troit, crashed at a highway inter
section, Mary May LaJeuneSSe
was killed instantly and her
mother, Mrs. Obne LaJeuneSse,
SO, died five hours later.
Both were riding with Mrs.
Potter, who was brought to GlenS
Falls Hospital along with Mrs.
Edward Collette, 81, Montreal, and
Mrs. Potter's son, j. Grant Pot
ter, 7. Mrs. Collette is in a crit
ical condition from q fractured
skull,
The Washington times., 1935-08-17
Trick
NabS Woman
Suspect

Detective Watson salkeld, Of
the Fifth police precinct, today
had another feather in his hat.
Seeking Priscilla Jackson, a
colored woman wanted for in
vestigation of reports that she
took property from a number Of
persons in southeast Washing
ton while employed as q cook,
Detective Salkeld used a little
strategy on her neighbors in the
400 block Six-and-a-Half st. s. w.
He approached q group OF col
ored persons and asked:
HAS anyone around here
seen Priscilla Jackson? I've
got a good job for her as q
cOOk-payS $50 q month and
room and board"
The woman was called in short
order only to find a police van
awaited her instead of another
job.
Detective Salkeld reported that
he recovered stolen property IN
her home.