davidaulloa/AmericanStories huggingface dataset:
Evening star., 1936-01-12
BRITAIN WATCHES
COAL STRIFE AND
FOREIGN SITUATION
Trade Circles See Possibi|.
ity G. Mine Strike Forcing
Government Action.
Special DISPATCH to The Star.

Special Dispatch to The Star.
NEW YORK. January 11-Cables
and wireless dispatches to Business
Week give the following survey of busi-
ness abroad for the week ending
today:
Business interest is TO-
cussed on two problems this week-the
possibility of a coal strike. and develop
ments relating to Italy and the trou-
BILE in the Mediterranean.
There has been no settlement OF
the coal dispute. and it seems likely
now that the miners will strike. Be-
cause of theefTect on industry of any
prolonged strike. the government is
expected shortly to interfere and force
settlement.
Railway workers are also comforting
with management on wage increases.
What they are after is a restoration of
the balance Of the 1881 cuts This
will cost the companies an additional
three and half million pounds. There
is no probability of trouble.
Investment trusts have become
tremendously popular in Britain. When
the Stock Exchange proposed recently
that committee Of its members in
vestigate the activities and holdings
of the trusts, a group of managers of
some of the larger groups got together
and prepared a statement encouraging
the plan. More than 5000. 900 900 of
small money are now invested in
the shares Of these trusts and respon-
sible members are eager to freeze out
any unscrupulous promoters so as to
maintain the good reputation Of the
rest"
Evening star., 1936-01-12
EARLY ACTION DUE
ON APPOINTMENTS
TO RESERVE BOARD
Interest Spurred by Fear of
Highly Inf|ammabIe Credit
Situation.
BY FREDERICK GARDNER,

Financial developments since the
passage of the banking bill in the last
session of Congress have whetted in
terest in the approaching reorganiza-
ton of the Federal Reserve Board.
Bankers have waited eagerly for dis
closure of President Roosevelt's choice
of the seven men who will hold the
reins of credit control provided in the
original reserve act and greatly
strengthened in the 1885 bank bill
Announcement of his appointments
is expected within the next week or so
in time to permit Senate action on
them before the reorganized board
takes Office Februaryi, as required in
the bank bill.
Details Kept Secret.
How the reorganization may shape
up has been kept secret. although
various names have been mentioned in
speculation.
In the background of the scheduled
revamping of the Reserve Board has
been developing what many consider
highly infiammable credit situation.
Since the enactment of the bank bill
last August, opening the way for
tighter credit control from Washing
ton, nearly s1,00o,00o,0o0 in gold has
been added to the Nations monetary
base, not counting about $500 ,000, 900
in silver.
In the interval, moreover, business
recovery has attained momentum. the
stock market has been fairly active
and strong, commodity prices have
been firm and bankers have noted
signs of turn in private demand for
loans.
Private Loans Unchanged.
For the first time since deflation in
security and business loans started
after the market crash in 1929, mem
ber banks of the Reserve System in
leading cities finished 1885 with vir-
tually no change for the year in out
standing loans to private borrowers.
Some authorities read the loan
charts as pointing to incipient ex-
pansion in bank credit for business
and speculative purposes, rising from
the widest monetary base this coun-
try has ever had. Others hold the
political and international skies have
not cleared sufficiently to encourage
lenders to draw upon the huge reser-
vclr of credit.
Since the turn of the year the
united move for early payment of the
soldiers bonus and the outlook for
continuation of heavy Government
borrowing have added to factors en-
terlng into the monetary tasks of the
Reserve Board.
Bring Lively Debate.
While private borrowers have been
slow to emulate the Federal Govern
ment in dipping into the credit supply,
the widely recognized possibilities for
so-called credit imitation" have pro-
vded a topic of lively debate in the
present board
But it has deferred taking action
to limit expansion possibilities in the
absence of anything resembling specu-
lative and business fever fed directly
by bank loans
In the event Of an unruly imitation
of credit, the board would have three
main avenues of control:
l. Mandatory operations by the Re-
serve Banks in the open market
through purchase and sale principally
Of Federal securities
2. Change in reserve requirements
for member banks.
3. Changes in rediscount rates.
Evening star., 1936-01-12
DOLLAR CONTINUES
+. TO DRIFT LOWER
Pound and Gold CurrencieS
4 .sss---.zss.-T~ 90
bump Despite DeniaIs of
.ffr
Coming Cut.
By the Associated Press.

By the Associated Press.
Leading foreign currencies con-
tinued strong against the dollar in
all exchange centers yesterday.
Carrying through the movement
started during the middle of the
week when rumors were spread
abroad and promptly denied in Wash
ington that further dollar devaluation
was in prospect. the British pound
sterling jumped up Is cents to
s49712, the highest level since Au-
gust %. 1885.
French francs likewise we're buoy
ant. rising 0l7s of a cent to 6.6434
cents. a point well above the dollar
parity, and the highest level since
March II, 1885. Other gold units
especially the Holland guilder, also
were much higher.
Foreign exchange experts were
without specific news to account for
the movement in view of the devalu-
alton throwdown, but the view was
widely held that improved economic
and political conditions in Europe had
induced the return to home shores OF
large sums of money sent there as a
precautionary measure weeks ago
when conditions abroad we're highly
unsettled.
Others believed the demand for
these moneys represented in part a
slight shifting of funds out of the
dollar, owing to the revival in some
circles of imitation talk following pas
sage of the soldiers bonus bill by the
House.
Based on the france at its final
New York rate, the dollar was at a
discount of 21-l00 of per cent
against a permium of 5-l00 on Fri
day and a premium Of 43-l00 q
month ago.
Evening star., 1936-01-12
January CIearances Boost
Volumes 14.6 Ahead of
Previous Short Week.
CLEARINGS ALSO SHOW
SUBSTANTIAL INCREASE
Value of Building Permits Climbs
24.7 Per Cent Above Total
of Preceding Period.
BY EDWARD c. STONE.

Washington got away to a fine 1886
trade start during the last week, with
many indices revealing sharp increases
over the previous week and the like
period in 1885. Department store
sales, partly aided by January clear
ence offerings, climbed to higher levels
during the week, registering gain
of 14.6 per cent over the previous
5-day week and we're 16 per cent
higher than in the corresponding week
q year ago, the Commerce Department
reported yesterday.
Bank clearings in the Capital were
also up, increasing so per cent over
the previous 5-day week and scoring
an advance of 1871 per cent the same
week in 1885. The value Of building
permits issued in the District proved
gratifying news, presenting an in
crease of PAT per cent over the pre-
ceding week. However. permits were
of 48 per cent from the same week
last year, which included trade union
building which cost $4,000 the re-
port said
MOSI OlllcI AL O14C IA Va ~AAS
trict experienced the continued up
ward trend IN trade that marked
business activity during the last OF
1885, the normal post-holiday lull not
being as extensive as last year. Rich
mond bank debts went to S37, LAG, 600
against S28,561 900 a year ago. In
Norfolk debts were up 80 per cent
over last year. although the weather
hurt retail trade Baltimore retailers
got good results from promotional
sales. Wholesale buying was retarded
by the uncertain cotton textile price
outlook following the A. A. A. decision.
Sales Up Is Per Cent in 1885.
One of the most important reports
of the year was made yesterday by
the sFe6eral Reserve Bank of Rich
mond, which stated that department
store sales in Washington in Decem-
ber were 124 per cent ahead of De-
cember, 1884, and showed d gain Of
1872 for the full year, 1885 over 1894.
This was the best monthly and yearly
record of any city in the fifth district.
Sales in the whole district were up
2 per cent in December and per cent
for the full year, for the Sc reporting
stores, better showing than the aver
age gain Of per cent in December
made by 488 stores all over the United
States and the yearly increases in
sales Of 5 per cent. December sales
in leading fifth district cities, and the
volume OF sales in the full year 1885
compare as follows with the like 1884
r,erinds in rercpntaoe chances.
Evening star., 1936-01-12
BY the Associated Press.

BY the Associated Press.
CHICAGO, January 1l.-With for
eign butter again arriving at domes-
tic ports. concern as to the, extent
of probable importations has reap
peared in produce trade gossip.
In some quarters market authori-
ties today predicted 1885 United
States importation Of butter from
dairy countries in other parts OF the
world may equal the volume brought
In during the first four months OF
last year.
approximately 100000 pounds have
arrived at New York from Argentina,
Holland and New Zealand so far this
year, according to the most reliable
estimates available. This figure In
dicates that the movement actually k
slightly ahead Of sRyear ago.
More than 1o,ooo. 900 pounds from
Evening star., 1936-01-12
Special Dispatch to The Star.

NEW YORK, January 11.-Main-
tanning levels that were generally very
close to those existent In November,
wholesale collection and sales condi-
tions revealed definite resistance to
possible seasonal declines in December,
according to the survey announced
yesterday by the National Association
Of Credit Men. The study covered SO
cities.
Forty-nine cities reported good
collections and AZ noted good" sales.
Only nine were found in the "slow"
collections column and three in the
"slow" sales column.
Cities reporting good" sales and
good" collections are Birmingham,
Ala: Oakland. Calf; Denver, Colo; |;
Lewiston, Idaho; South Bend. Ind:
Louisville, KY; Springfield, Mass:
Lansing, Mich; Helena, Mont; Char.
lotte, N. c.; Sioux Falls, s. Dak,::
Bristol Va; Fond du Lac, visa
Evening star., 1936-01-12
BALTIMORE WHOLESALE
TRADE BEST SINCE 1929

BY the Associated Press.
BALTIMORE. January 11.-Whole-
sale trade in Baltimore during 1885
reached the highest level Of any year
since 1929, the Baltimore Association
of Commerce reported today.
Thomas F. Fox, director Of the
associations wholesale trade section,
said the increase spread to practically
every line Of trade during the last
half of the year, when the improve
ment was particularly apparent.
Evening star., 1936-01-12
Reserve Index Climbs.

Reserve Index Climbs.
The Federal Reserve Board reported
here yesterday that the value Of retail
sales increased in December by more
than the seasonal amount and the
boards seasonally adjusted index ad-
vanced to "a per cent of the 1929
1925 average, as compared with 81
per cent in November.
The Richmond district was second
In the II areas in 1885 gains. only
San Francisco making better show
ing, the board said. Comparisons by
districts show 1885 percentage gains
over the same periods in 1884:
Evening star., 1936-01-12
SHEET SECONDS" EASE.

NEW YORK, January II R.-
Daily Metal Trade reports weakness
In warehouse prices Of galvanized steel
sheet seconds" due to some press Of
offerings In the jobber market. Other
grades Of sheet steel are reported hold
nc firm.
Evening star., 1936-01-12
BANKRUPTCY rs ASKED.

GRAND RAPIDS, January II (P).-
A petition in bankruptcy was filed in
Federal Court here today by Stow g.
Davis Furniture Co. Of Grand Rapids,
listing liabilities of $2s7. 7.432, and as
sets. principally real estate and ma
chinery, of $357,i63.
Evening star., 1936-01-12
CHICAGO STORE VOTES
DIVIDEND ON PREFERRED
BY the Associated Press.

1y VIic hsoUClHtcu EIcoos
CHICAGO, January 1l.-Directors
of the Fair, Chicago department
store, declared dividend Of $1.75
per share on the preferred stock, pay
able February / to stockholders OF
record January 20.
Evening star., 1936-01-12

cent above November and of 289.7 per
cent above the corresponding month
year ago.
The group totals Of building permit
values for the 215 cities for December.
this year and last, together with per-
centage changes, are shown in the
following table:
Evening star., 1936-01-12

Total U. s.---S62. .99o. .O39 s21.125.723
Outside n Y. c. 4S.7s1,s34 17,479,O60
Evening star., 1936-01-12
BY FRANK MacMTLLEN


Associated Press Financial Writer.
NEW YORK. January 1l-Although
q handful of scattered issues pushed
forward for gains of fractions to or
more points, profit-taking buffeted
other sections of the stock market to-
day.
Measured by the Associated Press
average of so stocks, the market was
unchanged at STA. Transactions to-
tailed 1.64l.050 shares against 1892
400 last Saturday.
Brokers said the profit-taking re-
fiected the desire of traders and in
vestors to back away for another look
at market prospects in terms of pend
ing legislation and expected Supreme
Court decisions which may have an
important influence on financial
psychology.
The pressure of idle funds in search
of profitable work once more asserted
itself on the preferred shares. and
gains of to points resulted includ-
ing American Locomotive at II, Con-
solidated Cigar at 7412 Gotham Hose
at 90 and Realsilk Hose at 81.
The improved statistical position of
the oil industry together with the re-
cent firmng of prices in the Mid
Continent area was highlighted by a
rise of points in Amerada to 86 and
0 3-point gain by T'dewater to So.
Wards report met a mixed recep-
ton by the motor shares. 1t esti-
mated output for the automobile in
dustry for the week at 10l ,6e6 units
against 65,388 in the preceding week.
Although Chrysler backed down lis
to SO and General Motors was of q
to Sc, the low priced automotive shares
were 5riskly bought at times. In the
latter group, however, liquidation also
made itself felt. Studebaker closing un-
changed at l03t and Packard gaining
only u TO 81s.
The selling of the motors was
ascribed by analysts to uncertainty in
some quarters over the outlook TOR
consumer buying of automobiles.
Evening star., 1936-01-12
New York Cotton
BY the Associated Press.

BY the Associated Press.
NEW YORK, January u.-Cotton
showed a further advance today on
continued buying and covering with
the near months relatively steady.
March sold up to 11.17 and closed
at 1116. with the general market end
ing steady at net advances of 3 to 10
points.
After showing net advances of
about 13 to 20 points on the early
demand some irregularity developed.
with partial reactions, particularly in
the later months, under realizing.
January closed ITO points over oc-
tober, compared with a difference of
166 points yesterday.
The amount of cotton on shipooard
awaiting clearance at the end of the
week was estimated at 143,000 bales,
against 1000 last year.
Evening star., 1936-01-12
POLITICS TO CAST
GROWING SHADOW
ON TRADE WORLD
Continued From First Page.)

Railroad common stocks are now at
the best average since 1884, with a
gain of Is points from the bottom
level of 1885. However, the average
of the industrials is up IS points. The
several groups of railroad bonds have
this week moved above the top figures
of last year. 1t is worth noting that
heavy accumulation is taking place
in the securities of bankrupt systems,
on the theory that this year the best
of them will show net revenues on
which they can predicate a reorgani-
zation that will stand the test Of future
depresSions.
The logic of the A. A. A. decision is
that the railroad retirement act will
be overthrown when it comes before
the highest court of the land. There
is more reason to expect this than
that the court will summarily dispose
of the r v. A.. inasmuch as the Pc
| titioners have not yet been shown to
have suffered financial loss.
(Copyright 1896 by the North American
Newspaper Alliance, 1ncD
Evening star., 1936-01-12
Cottonseed Oil.

Bleachable cottonseed oil was easy
today, closing to 20 points net lower.
Sales, II contracts. The disappointing
December consumption figures and the
lower hog market encouraged selling.
Consumption in December was
placed at 204,119 barrels, against 3o5.-
093 in November and 267,8l2 In De-
cember last year. Bleachable spot
nominal; January closed 984; March,
995; May, 998; July, 9.97.
Evening star., 1936-01-12
STOCKS IRREGULAR
IN SHORT SESSION
Scattered Issues Go Higher.
but Realizing Affects
Other Sections.
what Stacks MD

what Stocks Did.
Evening star., 1936-01-12

CONTINUED On Page 30
Evening star., 1936-01-12
U. S. TREASURY NOTES.

NEW YORK. January IL LP1.-Price
quoted in dollars and thirty-seconds:
The Waterbury Democrat., 1936-05-13

Wee Scouty dug on hour or So and then he stopped and shouted !! "Oh, I surely picked 0 real tough task. My back Is aching, now.
 "At digging I have done my best, but now I need Q little rest. 1" Then Coppy cried, "1'll take your place. Don't worry, know how.
 You Tinies keep your eyes on mo and in c moment you will see the dirt fly until reach the bot tom of this hill.
 "If there is something buried here, it's going to come out, never fear" "Okay," said Windy. "1ll relieve you when you've had your fill"
 He shoveled fast and furious, and Dotty yelled, "Thats showing us! Be careful, though, don't overdo. Call Windy to your aid.
 "Then, Goldy's glad to help you, too, and I will, also, ere we're through. It shouldn't be so long until some real progress is made"
 All of sudden Windy jumped and shouted "say, I'm sure I thumped a mass of something with my spade. Gee, help me dig
The Waterbury Democrat., 1936-05-13
ntAvss M GEORGE ScAIsbO

1t out"
 More spades were brought and scouty ran and woke the old proSpector man. He had been sleeping right nearby, cause he was Jagged, no doubt. 
 The digging went on for . spell. Then came 0 quite excited yell from Dotty. "It's Q chest" said she. "A very ancient one. '
 T hope the large lid is not stuck. Come, haul 1t outl We'll try our luck ct seeing what is inc side. That should be Q lot of fun"
 "Heave ho," cried scouty. All hands herel It's going to be real hard, I fear, to get this thing out to the ground. It weighs Q ton or nore."
 However, when they all grabbed hold, out of the hole the big chest rolled. Twas placed upright. Then they were set to sec what was in store.
 Copyright, io36, NEA Service Incl
 (The Tlnles get the chest open In the next StOry.)
Evening star., 1936-07-28
DRIVE IS ORDERED
ON AUTO DEALERS
Police to Bring Into Court Those
Who Let Customers Use Tags
Without Cards.

A campaign against automobile
dealers who fail to furnish customers
with registration cards and permit
them to use dealers tags was ordered
in Trafnc Court today by Judge John
p. Mcmahon.
Denunciation Of the dealers fol-.
lowed the arraignment on a mo reg
istration card" charge of Abe Wolf,
who said he had been ordered by his
employer to try out car over the
week end before making a purchase.
Judge Mcmahon took VOLTS personal
bond and criticized the representative
Of the automobile concern, who ap-
peared with Wolf.
Hereafter" Judge Mcmahon de-
clared, police are not to bring in the
drivers Of automobiles bearing deal
ers' tags who are without registration
cards, but are to bring in the dealers
themselves. In this particular case,
two men connected with the same
concern claim each thought he gave
the defendant q registration card.
The defendant himself did not know
the seriousness Of driving without the
card.
II hope laws will soon be passed
which will do away with dealers tags
altogether. They are the most abused
Of all privileges extended and fire.
quently bring innocent persons into
court, while the dealer merely says
he made a nhtake and he is sorry"
Evening star., 1936-07-28
BANK ASSETS HELD
WORTH 100000
But Park Savings Remaining
Holding Garry Book Value
of S111d 3Q3


The Park Savings Bank, closed since
March 6, 1888. has remaining assets
with book value of 81, ,114, 1893 81, but
an estimated value of about 100000,
according to the latest quarterly report
Of the receiver, John F. Moran.
Depositors have received dividends
of 20 per cent, amounting to 1884,
1882 out of the total of $780, 9,516.39
unsecured liabilities at the date of sus-
pension.
Cash collected from interest, pre-
MUM, rents, etc., by the receiver from
assets amounted to $65,31476 toward
defraying expenses of liquidation,
which, to date, had amounted to $780,
1885.
Cash in hands of the receiver on
June 80, amounted to $13 ,30701.
Moran also reported the Departmental
Bank, which has paid out total Of
so per cent amounting to $617,14497 to
It's depositors since it was closed July
IA, 1892, still has remaining assets
with a book value Of $331,379.91, but
an estimated value Of only $4,000.
The North Capital Bank, which also
closed July IA, 1882, was reported by
Moran to have paid out rs per cent
dividends to depositors amounting to
$235, ,122.84, and had remaining assets
Of book value of $s10.4 go, with an
estimated value of 5000, $50.
Evening star., 1936-07-28
ACCUSED FIREMAN
SEEKS POST BACK
Out on Bond on Charge of
Arson, He Plans to Cir
cuIate Petition.

Walter Aloysius Walker, jr., 80,
fireman-father of six children, ac-
cused of setting fire to his house. said
today he would circulate a petition
among his colleagues for reinstatement
to the Fire Department.
Walker was suspended without pay
by the District Commissioners yes
terday after he pleaded not guilty at
Police Court hearing before Judge
Edward j. Curran and was held for
the grand jury in $4,000 bonds. The
sum was reduced to $1,000 and put up
last night by Meyer Weinstein.
Walker said he needed his pay
(S2.400 a year, not only to feed and
clothe his large family, but to meet
the installments on the seven-room
brick house at 1883 Hurst terrace. the
living room of which four neighbors
testified to Judge Curran they saw
him fire after sprinkling the furniture
and rugs with gasoline.
Crucified, Says His Lawyer.
Roy G. Epperly. Walkers counsel.
retained by the Firefghters' Associa-
tion, however, doubted that any good
would come of a reinstatement petit
ton. He remarked informally, when
asked what his clients defense might
be If the grand jury returned an in
dictment:
Its a big question, just what did
happen. But 1 know that when a
man throws match at gasoline fumes
you won't find him afterward A lady
crucified Walker at that hearing yes
terday. It's just an old family feud"
Epperley guessed that the grand
jury would act within 10 days. Walker,
a solid-looking flrefighter with ham
like fists, looked cheerfully at the
future when he strolled down the
Police Court steps this morning.
Il guess it will come out all right"
he said.
Record Is Distinguished One.
Walker has a distinguished depart
mental record, and in 1880 was
awarded silver valor medal for
rescuing boy from a gas-filled sewer.
He has served with Engine Com
pany No. 20 since he entered the de-
partment IA years ago. He was ar
rested Sunday after an investigation
by Fire Marshal Calvin C. LAUDER of
the fire in his home the night before
The blaze was extinguished before it
spread from the living room to the
rest of the house
Neither Walker nor his wife nor the
little Walkers-Eileen, 16; Marguerite,
Joe, Patricia, Elizabeth and Walter,
Sd, +were home when the firemen
reached the house at 1890 pm. Sat-
urday.
Evening star., 1936-07-28

Mrs. Queen recalled . mystical
East Indian who looked just like q
Filipino" and who was allowed to
roam about her house upon occasion.
She had kept the money in the
trunk for five years because she
thought nobody would do such a
dirty trick as steal it."
Mrs. Queens husband had earned
the money by years Of work at the
Government printing Once and 1t
was to be spent .on his retirement
fund and on payments for the home
Of Mrs. Queens sister.
Mrs. Queen had been charged with
saving the money. Today she sat at
home with her eyes watering and her
head tightly bound in . white band
age.
Since the robbery, Mrs. Queen has
not been able to sleep and her hus-
band has not been able to 60 to
work.