davidaulloa/AmericanStories huggingface dataset:
Evening star., 1937-10-10
BANK EARNINGS
IMPROVE LITTLE
Gains on Business Loans
Likely to Be Offset by
Portfolio Losses.
Special Dispatch TO The Star

optcldl biSpdtCH 10 Inc star
NEW YORK, October g. Net
profits Of all member banks doubled
in 1896, largely because of non-recur-
ring item, portfolio profits of $23l,-
100000. The current year has seen a
substantial improvement in the volume
of commercial loans outstanding, but
the higher yield on this kind of asset
will probably be more than offset by
either losses on bond account or at
least a sharp decline in profits on
security sales" according to S. L.
Miller in the current issue OF the An
nalist.
The same forces that have worked
toward lower bank earnings in the last
four years have continued to oerate
in 1887. Interest rates have continued
to fall and the volume of securities
held to rise. Thus, the familiar theme
or pattern must once again be re-
peated. The position of loans has fallen
to 40 per cent of total loans and in
vestments. but loans still accounted
for more than half the total income
from earnings assets.
Net return per 500 of loans has de-
clined to S409 and per Sl0O of invest
ments to $3.50 both new low records
Lower Interest rates hay been re-
sponslbe for marked improvement in
recoveries and profits on investments
at the same time that substantial ex-
pansion in business activity and rising
prices have turned sour loans into good
ones and have kept losses on poor loans
at minimum.
Developments of the last several
years, easy money and the recent up
ward adjustment of legal reserves. even
at this early date promise to bring on
important changes in banking struc-
ture, in the character of bank assets
and in bank organization, changes
which will have profound effects on
the probability of banking as a busi-
ness. The two most significant changes
that appear on the banking horizon
are those of bank consolidation and
VIC itbui IL vi TIE iOdll function 10 lLS
former position of prime Importance
in bank operations.
The current rise of commercial
loans tends to lend support TO the
proposition that with legal reserves
high the banking system will have less
funds with which to purchase securi-
ties and that the relationship between
loans and investments will approach
three TO one. Such a reversal in the
trend Of bank assets might we'll signify
return TO the true functions of the
| banking system and reduce the i'm
portance of the commercial banks to
the bond market.
The attention of bank MANAGEMENT
would be turned away from the prog
nostication Of bond prices to the ap-
praisal of credit risks. Such a re-
versal would, in all probability, usher
in decline in the Importance of the
capital market Finally. profita BILE
banking operations would once more
obtain"
Evening star., 1937-10-10
CATHOLIC DAUGHTERS
OF. AMERICA

The Ways and Means Committee
of Court District of Columbia will
give card party at 2400 Sixteenth
street next Friday evening.
Chairman of membership, Miss
Dorothea u Barrett, reported 1l0 ap-
plications had been received for the
group Of new members to be received
October 81 The class will be dedi-
Gated to the new chaplain, Dr.. John
X. Cartwright. The reception of new
members will be followed by banquet
at the Willard Hotel DR.. Joseph P.
Christopher will speak
A training course for Junior cOun-
cillors will be given October Is by
Miss Beatrice Hoffman of Mount
Kisco, N. Y, eastern representative
Of the Junior Catholic Daughters of
America. On October II she will ad-
dress the Junior Catholic Daughters
at a meeting TO be held at the Christ
Child Society House at 608 Massachu-
sets avenue northeast
Evening star., 1937-10-10

MAN, white. reliable. for farm. Call Ken.
sheton l?O-J' or write P. o. Box $50,
Evening star., 1937-10-10

ways weakness response and you do
have balanced distribution. why do
you reply with one spade and not one
no-trump?" Our answer to this is that
since We have weak hand and can
make only one bid. we would rather
show our partner where our meager
strength is. If We respond with one no.
trump and our partner has minimum
or near-minimum opening he will pass
and it may be found that We have
missed an opportunity to play the
hand at a much more satisfactory
spade contract. II he has good hand.
he will bid again. but our chance to
show our spades at the level of one
has passed.
However, when We respond with one
spade, if our partner has a minimum
balanced hand, he bids one no-trump.
getting us into the same final contract
that our one no-trump response would
have. II he has a minimum hand
with good spade support, he bids two
spades and We play the hand at spades
instead of at no-trump; while. if he
has good hand, he makes a strong
rebid. In this case he does not know
now good our hand is. but he has re-
ceived the valuable information that
we have something in spades.
Another great advantage of the
neutral one-over-one lies in the diff
culties it places in the path of ones
opponents. If you respond one no.
trump, you Immediately disclose your
weakness and give your opponents a
chance to get into the bidding. know
ing that they are in no great danger
from your hand. When you respond
with the one-over- however, they
have no idea of your holding at all.
and. accordingly, until you show
weakness by a subsequent pass, they
are going to be afraid of you. The
longer they are forced to wait, the
harder it is for them to take satisfac-
tory action.
Some people still use the one no.
trump response merely to inform
partner that they do not hold as
much as an ace and a king. This
means that they must make this re-
sponse with all sorts of distribution;
they may hold singleton or two five
card suits. But it is much more i'm
portant to show partner your dis
tribution than that you lack a trick
and half. And the weaker the high
card holding, the more necessary it is
to have the advantage of q trump
suit.
(Copyr;eht 1879
Evening star., 1937-10-10
ASSOCIATED OUTPUT UP.

NEW YORK. October 9 (SpeciaD =
For the week ended October l Asso-
ciated Gas & Electric System reports
net electric output of 81 ,250.823 units
tkilowatt hours. This is an increase
of 4,047 .233 units. or As per cent
higher than the comparable week of
last year. Gross ouput. including
sales to other utilities, amounted to
105, ,9s9. .495 units. This is the high
est gross output ever to be reported
by the system.
Evening star., 1937-10-10

NAN experienced oil burner. Call oeor-
Evening star., 1937-10-10

was employed in daily at Lin
coin. Nebr.. later worked in a
cheese factory in Texas and now
has attained celebrity as premier in
eight successive cabinets.
Evening star., 1937-10-10
Flood of Steel
Inquiries From
Abroad Increases
By the Associated Press.

Hy the Associated Press.
CLEVELAND, October 9.-Daily
Metal Trade today says:
Steelmakers in the Middle West are
receiving a flood of inquiries from
Eastern exporters for rolled steel prod
ucts to be shipped abroad.
The flood broke loose about 10 days
ago and has increased in volume.
Meanwhile, domestic demand shows
signs of picking up slowly. Automo-
tive tonnage is coming out in better
volume but miscellaneous consumers
continue to buy hand-to-mouth.
Generally the outlook for heavy
products continues unfavorable and
steelmakers are basing their hopes for
active operations through the re-
msinder OF the year on the lighter
products.
Evening star., 1937-10-10

Victor S. McCloskey, jr. Bureau of
Engraving and Printing artist. is the
designer for the forthcoming Scent
Alaska stamp. showing Mount McKin-
ley. The lettering has been engraved
by w. B. Wells and the vignette by C.
T. Arlt.
Evening star., 1937-10-10
Franc BOlstere(I
Bv Control Fund
On London Mart
By the Associated Press.

BY the Associated Press.
Intervention of the French none
tary control in the London market
aided the franc in foreign exchange
dealings yesterday.
The unit was quoted in New York
at 3.32as cents. up 02i. of cent from
Fridays close. The pound sterling
dipped lis of cent at s4.95 5-l6.
Swiss francs were .02 of cent higher
at 23o2 cents, the Netherlands guild
er advanced .0l of a cent at $500
cents and the Canadian dollar added
l-32 of cent at l00,09ss cents.
In London the dollar closed of LIS
OF cent at 4.95 7-l6 to the pound.
which compared with the New York
overnight rate of s495%s. Markets in
Paris were closed.
Evening star., 1937-10-10

LOST.
ssiILLFoLD sIG srs dark blue. containins about
Thursday: reward. Phone Wise 360:,
BOSTON TERRIER. dark brown. striped
female Smoky; reward. Columbia
BRACELET. W. gold with small diamond.
or G. sts,, NV. bet 10th and 18th, re-
ward. North 6l3O-J. or Metropolitan 5000
BUNCH OF KEYS. corner }4th and M sts.,
Friday night. Phone Decatur 1891.
ehsTer1 eAT male so name ysS5s k1 9G w.d gh yellow
6l6 18th st. NV: reward. DIST 346s'
COCKER SPANIEL. black female. license
NO. 1873. vicinity Silver Spring: reward
Shepherd "a 80
GockER CO. spANIEI young. red; tan collar
tos1 p Meonesday evening in GEORGETOWN.
DOG-White setter brown ears brown
reward. Lincoln 1859
DOG~small black Toy Pomeranian. sun
Call Cleveland 35'a. Reward NJ o.
DOG. female small. black white spot nm
yer neck DUP; answers 10 name OF Lulu -
Reward 2n3 F ST. nv
FOX M TERRIER. male, in Georgetown. black
Shoi tail; sharp face. Reward Decatur
IL or North 6516 10.
IN ANNAPOLIS ANCHOR ROOM or Ifth
ana Monroe car-Diamond dinner ring
Mrs. Smith. Adams 65:;3
IRISH SETTER male Virginia tag M
nISoo vicinity oi s. Dakota and 18th st.
LADIES' INITIAL PIN, e I. W" FRI
DAY night; reward. Phone Potomac 1850.
PEARLS. imitation. Friday. in Rock
creek or downtown. reward. Wise. 503 :
or Clev. 1850
PINK CORAL BEADS. lost Oct. !, vicinity
OF Chesapeake and Fessenden sis. Liberal
reward Dist. 500.
PORIFOLIO, dark brown leather eon-
lslneo sample Jars. papers; vicinity Natl
Sathedral: reward Emerson a36l
PUPPlES. > months old police and col
ne, ileht brown. Please call little Everett
Green. Shepherd 43O1
SATURDAY noon between Woodward &
lockel. etched in gold. containing locks
OF hair worded I'm Memory OF Raw
hfelrloom reward. Call Wardman Park.
Miss AIce lyman
SETTER male, 2 mos. old. white with
DroWn markings: no collar name, Beau"
Reward. Emerson AIS
SKIRT. black tweed lost Oct / near Du-
pont Circle. Reward. Adams 55Oi
SPANIEL. black male white spot on chest
S6irayeo from l'th and NV. Thursday.
WRIST WATCH. mans. yellow gold. HamiI-
ton. eoid numbers; reward Phone Mr..
Martin. West 1919
WRIST WATCH. white gold sentimental
pslue: inscribed on back Jane Davis
Bradford reward Adams 1871
WRIST WATCH. gold, rectangular. nieht
Octoper . Reward Telephone North O74
MY. Pereira. 2154 Florida ave. NV 10.
Evening star., 1937-10-10
STUDEBAKER SALES JUMP.

NEW YORK, October (P).-Sep-
tember sales of Studebaker passenger
cars and trucks totaled 9,541 units,
bringing the total for the year to 49,
335 units compared with 63.293 in the
same period last year, an increase of
15.9 per cent, the company announced
today.
Evening star., 1937-10-10

~ - - - ." 49, ~
ange, SIS, yellow
green; los, dark
green; 20. red
violet; 25s, black
violet; 30s blue:
25s, indigo; 40s,
brown, SOS. olive
gray. The sub
ject is a contem-
porary national
leader. who once
Evening star., 1937-10-10

R. j. King. are
ready for release.
In the compost
ton I h e great
missionary leader
is shown with
outstretched arms
a n d hands ap-
pealing for divine
blessing on the
Paschal fire burn
ing at his feet.
The frame incor-
porateS an out
line of the Bell
Evening star., 1937-10-10
(Copyr!eht, 1879

The Four Aces will be pleased to an
swer letters from readers If stamped
c. cent?. self-addressed envelope is In
closed with each communication. II you
desire the pocket outline of the Four
Aces system Of contract bridge send, with
addressed, larae-size envelope to the Four
Aces, Inc. 130 West Forty-second street.
New York City. and you will receive an
outline, without any charge.
Evening star., 1937-10-10
SHINGLE OUTPUT RISES.

Production of red cedar shingles
is reported by the Census Bureau at
559.329 squares in August. compared
with 455.221 squares in July and 49,
873 squares in June. For the first
eight months of this year production
aggregated 3,574,605 squares.
Evening star., 1937-10-10
Apples, Sweet Cider.
At Quaint Acrec
Apples and Sweet Cider
HELP MEN.

APPLE PICKERS wanted at Falls Church
Orchards. West Falls Church. Va Apply
msnaeer. o. l, Nigh. To-
AUTOMOBILE MECHANIC ELECTRICIAN: :
Good Hope rd. Sc
AUTOMOBILE SALESMAN. full or part
time. sell Dodge and Plymouth; northeast
Washington and nearby Md; must have
33ol Rhode Island ave. Mt. Rainier. Nd
AUTOMOBILE SALESMEN-We have an
exceptionally attractive proposition for >
men men TO complete n,,t,,o our sales force seilins
agreement and commission schedule is one
of the best in WASHINGTON. We prefer men
without sutomoble selling experience but
ence in meeting the public. See Mr..
Adams Adams Brooks. Inc. 1921 Georgia
ave. NV.
Apply 1850 7th st. NV
BoOKKEEPER-ACcoUNTANT. not over
corporation office Must have accounting
aans sfs Send aomese with
snapshot photo to Box 37-V. Star
BOYS. junior high school age. to serve
Evening and Sunday Star, Chevy Chase,
Md. Call Cleveland .2.l.
BOY, white to wrap bundles: must be is
years old industrious and ambitious Ap-
ply Mr.. Barry. Washineton Laundry. 21th
and SITS, NV.
BOY. white with wheel. in downtown sec
ton; Sc week to start. Call Walnut 6944
Sunday.
BRICK MASON for small job; Arlington
County man preferred. Call Sunday, 151l
No. Buchanan street Arlington.
CANvAssER, to open charge accounts
credit clothing store good proposition.
Apply 10l2 9TH St NV.
CANvASSERS and solicitors. marvellous
proposition for go-setters. Buffers Fed
eral. 62l 9TH st. NV
CHAUFFEUR. In nearby Maryland; give
age experience and references: state
whether colored or white. Box 60-W. Star.
CHEF, white. for downtown restaurant:
steady and sober; reference required; 500
per month to start. Box 42S-V. Star.
COAL TRUCK DRIVER, Washington ex-
perience; bring written reference. Yale
Lumber g. Coal Co.. 9O6 N. Y. ave
COLLECTOR. exp: wonderful opportunity
for right man zoos 9TH st. NV.
COLLECTOR. with car. Salary and COM
mission. Apply Bernies. 7l3 9TH st. NV.
COOK-Middle-ag white man for light
lunch counter; reference required. Apply
1O7 Upshur ST. NV
ELECTRICIANS wanted: must know D. c.
code. no trif1ers. Electric Shop on Wheels.
lo4 Auburn ave. Bethesda. Md.
ENGINEER, white good class. Apply Box
DIV. Star.
EXCEPTIONAL OPPORTUNITY to earn
while learning to sell the new Rexair. We
can use . GOOD. hard workers this week
s129 for appointment after am. Mon.
Evening star., 1937-10-10
MORE SUPERPHOSPHATE
PRODUCED IN AUGUST

By the Associated Press.
The Census Bureau says fertilizer
manufacturers produced 372,730 tons
Of superphosphates during August.
compared with 282.075 tons in July
and 256,792 tons in August a year
ago.
Evening star., 1937-10-10

Shrine, an 1lth century structure.
Values of the new series are: 2sh cd,
green; ssh, brown violet. and Josh.
dark blue The stamps are expensive,
but exceedingly worthwhile as an in
vestment.
Latvia, on September 4, noted the
60th birthday of Karlis Ulmanis, first
prime minister. by bringing out a set
of nine portrait stamps, described as
Evening star., 1937-10-10

Costa Rica announces two commem-
oratlve issues, one for the national
exposition and one for the San Jose
Philatelic Exposition.
Evening star., 1937-10-10

Philip Simms Warren treasurer of
the Washington Philatelic Society, at
tended the opening of the new home
of the Collectors Club of New York
Wednesday evening.
Evening star., 1937-10-10

was employed in a daily at Lin
coin. Nebr., later worked in a
cheese factory in Texas and now
has attained celebrity as premier in
eight successive cabinets.
President Roosevelt in a message to
the National Stamp Exhibition. Rookie
feller Center. Radio City. New York,
said: The stamp hobby pays rich
dividends both as diversion and as
a broadener of ones horizon: and
from tagging, increases with the
years"
Ralph E. Smith. well-known in
Washington. will be chairman of the
Exhibition Committee for the fourth
annual convention of the Trans-M Mis-
sissippi Philatelic Society. Hotel Fon-
tenelle, Omaha. Friday to Sunday, No.
vember u to IA.
Postmaster General Farley on We'd
nesday announced receipt of a COM
illetliie ntioil iiOlil ocCiNthiy vi oLduC
Cordell Hull. transmitting a dispatch
from the American Embassy at Ha-
bana concerning "a special issue of
postage stamps in Cuba" This series,
it was explained, will be good for pos
tai value only on October 13. IA and
Is" 1t has been authorized by the
Cuban government in order to raise
funds for the Associate of American
Authors and Artists. recently formed
in the Cuban Republic. The pro-
ceeds from this issue, in which each
nation of the continent is symbolically
represented. will be devoted to the or
ganization and maintenance of the
association and to the blishment
of the Editorial House of the Book Of
the Americas. There was no informa-
tion with reference to the various de-
nominations this special stamp issue
will carry"
Neither, it seems, was there any in
formation on the identity of the spon-
sors of The Association of American
Authors and Artists" The stamp COL
lectors of the world, patiently. are be-
ing invited to finance something or
somebody unknown and apparently
unknowable. Perhaps the National
Federation of Stamp Clubs might in
vestigate the whole enterprise.
Evening star., 1937-10-10
|STAMPSalAS7 lA
@ azzESE:M2zksSkX@

The designs reproduced aboue submitted in the first
national stamp competition sponsored by EdWard chief
OF the painting and sculpture branch OF the Procurement dui
Treasury Department. They the of Walter
Hoepe 54o7 Carolina place and represent in part the phi
ideals his daughter Elsie
ineton Federation of Junior Stamp CoectorsSta staff
Evening star., 1937-10-10

The Sing Sing Stamp Club, by per-
mission of Warden Lawes. sent a
frame of selected specimens to be dis
played in the national stamp exhi-
Evening star., 1937-10-10

Capt. Wilbur R. Van Auken, U. S.
N. is an applicant for membership in
the Washington Philatelic Society.
Evening star., 1937-10-10
STAMPS.

Egypt is bringing out set of stamps
to publicize the recent Montreaux
Evening star., 1937-10-10
Buildings to Harmonic.

All buildings for the 1889 World
Fair on San Francisco Bay must con-
form to the range of an "oficial color
palette"
Evening star., 1937-10-10
FOUND.
LOST.

LADYS white-gold wrist watch. eight dja :
monds. TUESDAY evening llth and q sts
NV. Phone Adams OO6S-J
Evening star., 1937-10-10
Winning Contract
BY THE FOJ,R ACES

DAVID Burns1s MefV D. Mer oswd
N
Evening star., 1937-10-10

By courtesy of Dr. Albert c. SchDarng of the Library Of
Congress- this historic cOmmemOrdtng DR.. Thomas c.
Masaryk first president Of the republic Of C:ecosovakia
ShoWn 1t mailed September 21 the day OF the great
staesmans funeral and shos cancellation reading "ont
Session OF Parliament Csechosovakian Mourning" The
stamps black sob and 2k palues Star Staf Photo
Evening star., 1937-10-10
SPECIAL NOTICES

APPLES FOR SALE AT THE BAKER
Orchard. Germantown. Md. The RED Variee
lles. 3"c per bushel. Bring containers 10.
THE ANNUAL MEETING OF THE COIIJNr-
ola Buiiolng Association Will be held a. the
once OF the association. 1I6 1lth II n W
lhlrsoay October IA, 1877. al 80 D m
DELICIOUS APPLES. 3 bu.. 81 up. Pure
apple cider. 15c gal Bring containers r
cotton Lewis. near Centeryille. Va turn
left al ESQ sien
INVALID ROLLING CHAIRS-For rent or
sale: new and used: all STYLES. all sizes. re-
ouced prices. UNITED STATES STORAGE
co. 41s 10th ST. NV. Me. 1874
ARE YOU DISSATISFIED WITH YOUR
present bookkeeping system9 Survey made
without oollsatlon Box 46l-v. Star II.
KITCHEN GARBAGE AT NATIONAL,
PARK College Forest Glen. may be had
ior the hauling. Phone Mr.. Poole Shep-
herd 4laI
The BOARD OF ACCOUNTANCY FOR
He DISTRICT OF COLUMBIA will hold
an examination for those wishing 10 OBJ
tam certificates TO practice in the Dis
trict OF Columbia certified public ac-
countanis on Thursday and FRIDAY No
vemoer lsth and 10Th 1897. in the Franz
I'm Administration Building Applications
must be made on forms provided by inc
board and fied before November / 1887.
with c. WAUGH N DARBY secretary
potomac Electric over Company Build
IL
Evening star., 1937-10-10

MEN intellieent and eneIgetic, with experi-
eace IN meeting and dealing with public
PHfma nent and profitable future for . best
uuallhed. Call Rep. OH, foI appointment.
Evening star., 1937-10-10

Responses to Bids.
~ ESPONSES to an opening suit
bid of one are divided into
two classes:
II Tiy,ifir,C rocrOncnr vrrl,i \,
Evening star., 1937-10-10

MEN >. 10 display home service library.
Cash every night salary while you learn.
See DR. Stalmaker Sunday " to pm
onlv. Ia!G LIN 50 nv. second fonr
Evening star., 1937-10-10

MEN, >. salary and commission. industrial
5Ol Colorado Bldg. 1Ith and G SIS n W.
Evening star., 1937-10-10

MEN-Interestlng work paying up 10 Som
in month. available to local man with good
references. experience unnecessary Brow
Brothers Nurseries Rochester New York
Evening star., 1937-10-10

MAN interested in making 65 cents 2 n
nour Or better: sales experience helpful.
Evening star., 1937-10-10

MEN-Sart in business for yourself We
supply stock OF hosiery lingerie sock.
Shlrts. ties. No experience necessary Ws
teach you. Liberal percentage. Gramon,.
9l5 OH n W
Evening star., 1937-10-10

MEN-In send you complete equipment
10 run grocery agency, no money risk up
70 SO flrSt week. Write Zanoi lff6
Monmouth. Cincinnati. Ohlo L.
Evening star., 1937-10-10

MEN 60 Of neat appearance preferabiv
with some musical training for entirelv
new plan Of work that has proven very
successful IN other cities and is nov being
started here For appointment Call Mr..
Ratfaiiui Naffopa1 yIH.s
Evening star., 1937-10-10

MEN. with or without selling experience. to
JON iaSt-golng local ORGANIZATION We fur
nish you prospects and Will close your sales
Remuneration above the average We Will
introduce you 20 men who are making from
200 10 : 900 per month. Car Is essen
tlal. Come ano be convinced See Mr.. Mac
Quarrie or Mr Hill. gold room, Hamilton
Hotel. from lo m. 10 IL and 10 pm.
Monday.
Evening star., 1937-10-10

MEN end women now employed bur de-
string 10 better themselves are offered
the opportunity OF full free course IN
life undervrltine by LEADING companv
Those of YOU serious IN YOUR desire -
take this course are requested 70 Vrits
fully about yourself For interview sd-
dress BOX ASf-S Sfar
Evening star., 1937-10-10

MAN-PoSitlon open for energetic man
neat appearance necessary: own or able -
drlVe light Car. only man accustomed 10
Evening star., 1937-10-10
WE REPRopuCE ANY PRINTED

Books, maps. foreign LANGUAGE matter
etc REPRODUCED perfectly in black and
whlfe or varied colors We specialize in
reprints and extra copy work Phone MS
Tor an estimate. An inquiry does not obi
gate YOU.
Columbia Paragraph Co.
Evening star., 1937-10-10

MAN. over 30: room provided in return for
] anCe and habits Mel hEro
Evening star., 1937-10-10

APPLES-SWEET CIDER.
ROCKVILLE FRUIT FARM.
mile from Rockville. Md. on Potomac
rd.. turn left blocks past court house
FIRE ESCAPES.
We specialize in this work See us about
your problem. Lowest prices. Natl 1855
DUPONT IRON WORKS, INC.