davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1938-09-27
Gen. Johnson Cites
Four FI0eUS IN u. s.
Economic System

WHITE SULPHUR SPRINGS,
w. Va, Sept. 27.-Four flaws in
the nations economic system were
advanced by Gen. Hugh S. John
son, former NRA administrator,
as the principal obstacles in the
path of returning prosperity.
Addressing the inaugural buSi-
ness meeting of the ninth annual
convention Of the National Whole
sale Druggists Association here
yesterday, General johnson listed
as the primary cause the policy of
the Federal Government with re-
gard to confiscation of profits
through taxation. He said this
removed the hope for profits,
which is the life of business and
employment.
The practice of one-third of the
population living on the other two
thirds through Government pay
rolls and relief, General Johnson
cited as the second stone in pros
persity'S path.
Uncertainty regarding the debt
and fiscal policy of the nation
was listed by the general as the
third cause, while "all kinds Of
legislation limiting profits by in
creaSing cost" was pegged as the
fourth cause.
The Washington times., 1938-09-27
UNSAFE HEATER
COSTS HER LIFE

ALEXANDRIA, Va, Sept. 26.
Lack of a safety valve on a gas
hot.water heater led to the scald-
ing to death of Mrs. Elsie Munger,
II, in an apartment at los North
Washington St., yesterday, DR..
Llewellyn Powell, city coroner, de-
clared today.
The heater, which the coroner
said had probably been lighted
all night" exploded when steam
from the water tank blew out the
heater coils.
Mrs. Munger was found dead
lying in an inch Of Scalding water
on the kitchen floor.
DR.. Powell said he will issue 3
certificate of accidental death,
but added his report will show
there was no safety device on the
heater.
Mrs. Munger, alone in the apart
ment, was found by police who
battered the door down after
hearing the roar of the blast from
the street. She lived with her
granddaughter, Mrs. George Nor
riS, who spent the night with Mrs.
Munger's daughter, Mrs. Mabel
Blair, on Telegraph Road.
The coroner said an inquest was
unnecessary.
The Washington times., 1938-09-27
Baltimore Produce Markets

el baskets. Elbertas. U. 8. No. Is, 3
HaIes U. s. No Is, 2-inch minimum,
H:25 91.40: Seckels. U. 8. 1s.1A inch
minimum. $1.5O@1.7S: 1h-inch mini
mum, $1@1.25; 1K-inch minimum, 75c;
ungraded. all szes. 25@50c less. Rail-:
N. Y. bushel baskets. .Bartletts. U. 8.
No. Is. 2-inch minimum. 1925.
Carrots-California. Western crates,
punched best. SS.25@3.75 poorer. $2.5O
@3. N. Y. bushel baskets, topped,
washed, .S5c; few higher. Nearby, IN o
Sc bunch.
Cauliflower-Colorado, fancy crates,
mostly $1.75.
Brocolo-California, crates, mostly So.
Celery-ruck: New York, 2-S crates.
rough, $1.25 @1.4O: Pennsylvania, 2-s
crates, washed and punched, As dozen,
mostly around $1.25; dozen, 75090c.
Rail New York, 2-3 crates, crate
washed, all sizes, best, $500 1.6O;
poorer, $1.35; 10-inch crates, individu-
all ywashed and preceded, 3-4 dozen,
mostly $3.50; 6-S dozen. $1.5O01.S5.
Corn (Green)-Nearby, per dozen,
sugar, 5@10c; few higher.
Eggplant-. .earby, h-bushel hampers,
asa 40c.
Lettuce-california crates. iceberg,
5 dozen, best, $2@2.50; poorer. soc o
$1.75; New York, dozen crates, Big
Lima Raens~ohio. 12-ouart baskets,
The Washington times., 1938-09-27
Housing Saus Urges Greater Speed Put Men Work
MiII Workers
Better Off
T1U Holland

CHARLOTTE, N. c., Sept. a
With a view to equipping his
textile mill, located within three
miles of the German border, with
American machinery, H, J. Blyden'
stein is visiting here on an inSpec'
ton tour of local mills.
The mill was established at
Enschede, Holland, in 1901 by the
family. The visitor
said that for years the mill had
been using only North American
cotton, but now uses almost ex-
clusively cotton from Brazil and
the Belgian Congo, since the latter
can be bought much cheaper.
The machinery made in this
country, Blydenstein said, is
superior to English m a d e
machinery. He added cheaper liv-
ing costs in Europe made 1t
possible for a mill worker to enjoy
better conditions on $12 q week
salary than the same type Of
worker in this country, who is
paid $18. He said a Dutch worker
is able to rent a house with a
Sunday room," a sitting room, a
bicycle room and three bedrooms.
The Washington times., 1938-09-27
WASHINGTON PRODUCE

rivals; broken cars on track. New
York, \ crates, individually washed,
81 Dozen $3.50 Oils; fair condition.
Lettuce-Market dull No carlot ar
rivals; broken and unbroken cars on
track. California, western crates Ice
eastern crates. Big Boston type, 2-dozen,
40950c.
onions-Market steady No carlot ar
rivals; broken and 8 unbroken cars
on track; 59:lb, sacks. u. S. No. /.
Michigan, s5cS;i; sweet d' i Spanish any )
inches and larger. Idaho, $1.40@1.5n;
Peaches-Truck receipts light. Pennsyl-
vania, krummel October, bushel baskets,
~ inch min, $1.5OQ15O. Market
Pears-Market steady. No carlot ar
rivals; 2 broken and l unbroken cars on
track, New York. bushel baskets,
seskeis; sex: u insS s; No No l., n inch min' 75c
lb. sacks. U. S. No. }: cobblers, Penn.
sylvania. $1.2O@1.25; fair condition, 81
@1.1O; New Jersey. S1.1O0l.25; Russet
Burbanks Idaho, $2@2.25.
Peas-Market wear. No carlot arriv-
ais; broken and unbroken cars on
track. Bushel hampers Telephones:
Idaho, 81; California, $2Q2.1O.
Sweet Potatoes-Market dull. One
LoulSIdnd dTTlSeQI DrOken car on
track. Maryland and North Carolina,
bushel baskets, Puerto Ricans. 75ci
Louisiana, bushel crates, Puerto Ricans
U. S. No. l, $40.
Mixed Vegeta ables-No carlot arrivals
l broken car on track
Lima Beans-Market steady. BushCl
hampers: Delaware, $1.75@2; Pennsyl.
vania, $1.25@1.5O; Ohio, 12-quart bas
kets, 75@S5c.
Cauliflower - Market steady. One
Colorado arrived 2 broken and ! un
broken cars on track. Crates: Few
York, s1,75@2; Colorado. $1.6591.75
California, $1.75.
Spinach-Market slightly stronger fol
best stock. Pennsylvania, bushel bas
kets, Savoy type, 70@ soc; fair condition
| soc.
Grapes-One California arrived;
broken and unbroken cars ON track
Eastern stock: Market steady. Truck
receipts light. New York, 2-quart clio
| max baskets, U. S. No. /, table stocks
| Concords, lac: cartons containing IL
| 2-quart baskets, Concords, New York, 50
Ohio 81; California, lugs, ThomusoI
seedless, Tokays and Red Malagas. &1.2!
| 91.35.
Oranges-No carlot arrivals; / broker
and unbToken cars on track. Cali
fornia, standard boxes, $2.75@3.5O; Flo
ida, $2.25q3, as to grade and size
Lemons-California standard boxes
| No. /, $450@5
Limes-Florida. Y boxes. Sl@1.25.
Fresh Prunes-New York. u bushe
baskets 75G90c.
Crabapples-New York and New Jer
sey. u bushel baskets, S5@75c.
The Washington times., 1938-09-27
STOCK MARKET
AFTER
HITLER SPEECH
Wall Street CIings to
Hope for Peace

NEW YORK, Sept. 27 U.N.s).
The stock market developed q
firmer tone at the opening today,
as Wall Street felt Hitler's speech
yesterday still left the way open
for peaceful settlement of the
threatening Czech situation.
Trading was quiet and orderly,
with q few leaders gaining more
than . point. At the same time
there. were a pumber Of minus
signs among representative i've
groups, lending a somewhat ir.
regular tone to the list.
U. s. STEEL JUMPS
U. s. Steel featured on q Jump
of IN to So, while Philip Morris,
International Nickel and Mont.
gomery Ward also advanced a
point or more. Bethlehem, Chrys-
Ter and General Motors were frac.
tionally improved.
Sears Roebuck, Kennecott and
Montgomery Ward were among
the stocks to start the day behind
minus signs.
OPENING PRICES
Radio 5A, off "; American
Telephone 1874, off VI; Republic
Steel 151a, off ": General Electric
379s, up %; Southern Pacific 147s,
up "; Goodrich 1917, off ~;
Bethlehem Steel 527s, up VI;
Can 931a, up L.. Penn.
1917, up 3s; New York Central
14A, off B: Briggs Mfg. 1874,
off ~.
The Washington times., 1938-09-27

BALTIMORE, Md, Sept 27.-Local
produce prices represent sales in large
lots to jobbers and other large buyers
OF stock or good merchantablO quality
and condition.
Apples-Maryland, Pennsylvania, Vir-
ginia, West Virginia. bushel baskets, U.
s. No. /: 21a inch min, Jonathans,
90c@$1; Delicious, $1.25@1.50; Grimes,
IS 85c; Smokehouse and Mcintosh, 75@
9Oc; Smokehouse, U. S. No. /, in min.
mostly, 81: various varieties, ungraded,
best, S0@65c; few higher; poorer. ESQ
40c.
Cantaloupes-Colorado, salmon meats,
Jumbo flats, 75c @$1; Utah, salmon
meats. Jumbo. ass ana 45s, I2,75@3;
rornia, salmon meats, jumbos, ASS,
mostly around $3.50.
Cranberries Massachusetts,, early
blacks Y barrel boxes, $2.9O@3; u bar
rel boxes, $1.45 @1.50.
Damsons-New York. u bushel bas-
kets, $1.20@1.25.
Grapefruit-FIorida moxes, U. s. Ia,
$l.15 225: few higher; U. s. 2s $1@2.
Grapes-New York, 12-quart baskets,
Concords. U. s. Is, juice. 400 soc; Della
ware. 35 5@4Oc.
Honeydews-Market dull. California
ana Colorado, standard 12s $l26@15O;
Ss and 9s, SIC @1.25: IS 81; few higher.
Oranges-Florida, boxes u. s. No. IL,
$3@325: few higher.
Peache8-MayIand PennsvIva mia hush.
The Washington times., 1938-09-27

6o@7sc, few higher. Eastern Shore.
Maryland, busheI hampers, 75c@$1;
Long Island. $1.5oQ1.75.
Observation-Disclosures and Pennsyl-
vania, 4-quart baskets. 5O965c. few
higher.
Onions-Pennsylvania 5O-pound sacks.
yellows, U. S. is, 9Oc-$1.00. New York.
5O-pound sacks, globes, U! 8 No. is,
95c-$1.OO, Ebenezer's. 9O-95c. Idaho, So
pound sacks, sweet Spanish. u 8. No.
is, 3-inch minimum, $3.50 1.40, 2 to
3-inch, STOOLS.
Peas, green-Bushel hampers, tele-
phones, California, best, $1.65 @2.O0, few
higher; poorer, $1.500l.7s. Utah, fair
quality. $1.2501.5o. New Mexico, fair
quality $1.2b.
Peppers-Nearby hbusheI hampers,
15@25c.
Potatoes-New Jersey, 1Oo-pound
sacks, cobblers, U. 8. No. rs, mostly
S110. Maryland-Pennsylvania 10o-pound
sacks cobblers and round whites, U. 5.
No. rs, 95c@$1.00, few higher. 1n-
graded, $4,000. Idaho. 10o-pound sacks
russett Burbanks U. s. No is, $2;1oW
225, few higher; a-bushel baskets
Seckels, U. s. No. rs. lh-inch mini
mum, soc; ungraded, 35-5Oe.
s1.a5@i.so; New York, so07Sc.
Beans (snap)-Maryland and Pennsyl-
vania. green, round stringless, S6@6bc
per bushel.
Beets-Nearby, 1h@2e bunch.
The Washington times., 1938-09-27
instead of hav.

of line with asset values.
Very high yields are obtainable
on many second-grade bonds, par
ticularly in the railway and utility
divisions.
Agricultural products, influ
enCed by abundant yields, have
been severely depressed. Should
the worst befall in Europe, grain
prices would inevitably improve
Wheat year ago was worth SO
per cent more than it is today
Corn is down much more, while
pork, beef, rye, hides, wool, oats
are all substantially cheaper.
METALS ARE LOWER
Prices of metals, including iron,
steel. copper, lead, zinc, also are
substantially under quotations of
II months ago.
In short, practically all COM
modities, with cotton no excep-
ton have been pressed down.
Whereas, at the otbreak of the
World War, America was a debtor
nation and suffered severely from
dumping of foreign-owned securi-
ties on our markets, we are now
a great creditor nation.
We then experienced acute diff
ficulty in scraping together $780,
100000 in gold to meet maturing
New York city obligations in Lon
don. That amount of the yellow
metal is rushing into the United
States every week. Our yellow
mountain is rapidly approaching
$4,000, 100000 equal to some so
per cent of the worlds aggregate
visible stock.
DOLLARS A FAT ONE
One pound sterling in those
days became worth ST. The value
of the American dollar, measured
by major foreign currencieS, was
The Washington times., 1938-09-27

spectacularly advanced since Hit
Ter went on the rampage. The
British pound last week broke well
below $3.50, with indications that
it may fall further.
Foreign governments in all prob
ability would, should extreme
emergency arise, commander
American securities owned by
their people and take steps to
turn them into cash. But any such
selling is hardly likely to prove
beyond our means of absorption
although, of course, the tempo
rary effect probably would be dis
turbing here.
On the other hand, the superior
safety of American investments
would doubtless appeal to many
individuals and institutions in diff
ferent parts of the world.
Most other conditions and
trends at hcme are encouraging
rather than discouraging.
Political developments are
heartening business. industrial, IL
nancial leaders They interpret re-
cent voting as signifying that pub
lie sentiment favors confidence
building, rather than fresh bust
ness-baiting by the Federal Gov
ernment, and that the next Con-
gresS will cease to regard its func-
ton as being merely that Of a.
rubber-stamp for the Chief EXecu-
tive and anything and everything
he proposes
The outlook for fairer labor leg
islation, designed to abate abnor.
NAL strife and lawlessneSs, is COM
ing to be regarded as increasingly
favorable.
HOPEFULNESS INSPIRED
Our economic statistics, on the
whole, have inspired hopefumess.
Even without normal orders from
two such towering customers as
the railroads and motor manu-
facturers, steel orders have been
forcing up production to such an
extent that mills figure on reach
ing two-thirds of capacity in the
very near future.
Automobile executives privately
report gratifying dealer orders for
new resigns: and the used car
situation is now described as
healthier. lectric power consump-
ton is climbing. Authoritative in
dices, including that of the Fed
eral Reserve Board, reflect better
general business. Employment is
showing at least some gains.
All in all, America and Ameri-
cans have much for which to feel
thankful.
(Cipyright, 1898. by B. c. Forbes)
The Washington times., 1938-09-27
prices Paid Shippers-Net F. o. B.
WashingtOn)
BY the Z. s. Bureau of Agricultural
Economics

By the Z. s. Bureau of Agricultural
Economics
Eggs-Market steady. Government
graded and dated eggs: White, L. S.
extras, large, 39hc; U. S. extras, me-
dums. 3O1ac; U. S. standards, large.
32c; U. S. standards mediums, Csc;
L. S. trades, 24c; pullets. 21c. Nearby,
ungraded eggs: Current receipts, whites,
2S q 29c; mixed colors. "a q 25c.
1--we Poultry-Market about steady.
Fowl: Colored, all sizes, Il so 1Sc; No. IS.
12qlSc; leghorns, 13Gl4c: roosters. III
12c. Chickens: Virginia rocks. broileTs
and fryers, all sizes, 16Q1Sc; No. IS,
i5gi4 Delaware rocks an and crosses ss
No. IS, 13@14c. Mixed coiored fryers,
l4916c; No. IS. 11Q13c. LeghoIns:
Broilers, all sizes, 18@15c. Turkeys:
Young hens. 10 to II lbs, &c; young
toms, Is lbs. and up. 23c; No. IS. ITO
Guineas, 2 lbs. and over. soc paid;
under 2 lbs, 4Oc pair.
L. C. L. EXPRESS RECEIPTS
Florida-45 lugs avocados: So lugs
lines; 2l bushel baskets okra. u bushel
crates lines.
North Carolina-45 u bushel baskets
okra; "a bushel baskets okra.
Georgia-12 32-qt. crates persimmons.
Virginia-3 barrels watercress.
California-45 12-lb. boxes figs; 8
boxes (40 lbs. in alb lines; IL bushel
TnSnown own orlgin-8s crates mixed
vegetab bles.
Apples-One Pennsylvania arrived; !
unbroken car on track. Truck receipts
moderate. Bushel baskets, Z. S. No. |;
West Virginia, Crimes 2A inch. min.
50 q Csc, 2l2 inch min, 75Q S5c, 2% inch
min. 90c Isl, 8 inch min. $1@1.10; De
licious, ~ inch min, 759 S5c, IA incf
min. $1l5G LIS, ~ inch min, $1.35
75s 20. inch min. S5GSOc; Jonathans
"a inch. min, IS "a 75c, "a inch min.
s1Ql.15; King Davids, IN inch min.
6O@65c, ga inch. min, mostly arounc
| 75c. Staymans "a inch min, 75c. 2h
inch min. $1.15G 1.25, 2% inch min.
sl.359l.4O; Bonums, "a inch min. s. q
! 75c. 2+2 inch min, IS q soc. Boxes Vir
ginia, Delicious, combination Extr;
Fancy and Fancy, 113c-l63c, 81. @ LIS
64c-1O0c. 81 I75g225; G grade, ll3c-lSSc
&l@l.35, 64s-l00c. $l.25 591.5O. Marke
steady.
Cabbage-Market steady. Relief. n,
carlot arrivals; l broken car on track
New York, 5O-lb. sacks Danish type. 40
soc; Pennsylvania, lls bushel hamper
Cantaloupes-Market steady. No car
lot arrivals; unbroken cars on track
Colorado. Salmon Meats, jumbo flats II
and l2c. sl@115; Pink Meats, standar
and jumbo flats. 9s and 12s. 75cQ$1.
Honeyde steady; no carlo
arrivals; broken and 2 unbroken carr
on track. Standard and jumbo crates
all sizes: California. S1.25 1.SO; Color
ado, $1%1.50.
Honeymoons-Market steady. Color
ado, standard and jumbo crates. al
sizes, $1Q125.
Carrots-Market slightly weaker. Twt
California arrived: broken and 2 un
broken cars on track. Western crates
punched: California, $3@3.5O; Colorado
$2.75; Pennsylvania, bushel baskets
topped, washed. S5c.
Celery-Market steady. No carlot ar
The Washington times., 1938-09-27
C. U. TO OPEN
Begins Fiftieth Year
Tomorrow

More than 1000 students re-
turned to classes at Catholic Uni
verSity today, as the fiftieth
academic year started. Heavy en-
rollment was reported in the
school Of engineering by the dean,
DR.. Anthony j. Scullen, with in
tereSt centering in aeronautical
and architectural engineering.
Increased interest in courses in
economies also was reported by
the dean of the college Of arts and
letters. Two other local inStitu-
tions started the fall semester yes
terday, Southeastern and National
universities.
The Washington times., 1938-09-27

Brussel Sprouts-Market dull. Cali.
fornia. u drums. mostly around $275.
Cabbage-New York bushel ba sket
type, 25035c.
Sweet Potatoes-Eastern Shore. Marv.
land. bushel baskets Goldens, U. s. No,
l, S0c@$1: few higher; Jersey, u. 8. No.
l, 75c@$1; few higher; l9ngraded, 500
65c; bushel baskets, white yams, N. o.
No. l, 90c@$1: few higher: nearby, u.
bushel hampers, Jerseys 3O@4Oc.
The Washington times., 1938-09-27
USHA EARMARKS
S519,23O,OOO TO.
AID 129 CITIES.
Building Program Key
To u. S. Recovery

GN.SO With the $500, ,0o0,00C
low cost housing program approx
mately one year old, United States
Housing Administrator StrauS to-
day urged representatives of 200
local housing agencies to speed
the construction phase to rapid
conclusion.
Speaking before the American
Federation of Housing Authori-
ties, Straus pointed out the USHA
has earmarked $519,230,000 for 129
cities, and that several projects
have reached the stage of con-
Struction.
URGES MORE SPEED
However, this is not the time
for US to sit back and congratu-
late each other" he added. TO
gether the local authorities and
the United States Housing Au-
thority have built a second
framework for carrying out a
great rehousing program.
But the other purpose is to
put men to work as quickly as
possible in order to reinforce
the trend toward economic
revival. And this means that
we must work with speed, as
we'll as care"
Straus declared the program
has overcome some of the compli-
cations that beset it at the begin
ming. such as he problem of local
sno Federal cooperation in the
S,un-Clearance Program. and that
the USEA has tried to steer a
practical middle course" wherever
possible.
CARROLL SUCCEEDS POST
John Carroll. Of Boston, chair
man OF the Massachusetts, State
Board Of Housing, IS the new
president Of the American FEEDER
alton Of Housing Authorities.
He succeeds Langoon Post,
former chairman of the New York
City Housing Authority, who was
elected 10 the board of directors.
Others elected at he opening Ses-
sion Of a three-day conference
were:
George E. Evans, of Pittsburgh,
reelected vice president; C. w.
Perkins, Baltimore; the Rev. E.
Robert Moore, New York Housing
Authority, vice presidents.
Charles Abrams, of the New
York Authority, was continued as
general counsel and Miles R.
Frisbie as secretay and executive
director.
The Washington times., 1938-09-27

Speculation,
ing been ram
pant, has been
extremely lin
i t e d. st ock
transactions in
the New York
Stock Exchange
this year a r e
less than two
thirds of | a S t
years modest
total.
Measured by
e a r n in G S,
m a ny issues
are low rather
than high. Not
q few are out
The Washington times., 1938-09-27

large, thus de-
pressing farm
prices. this de-
pressing. influ-
ence was great
ly increased by
the d evelop
m e mt Of an
acute war scare,
a n d in addi-
ton, the threat
Of war affected
other prices, de-
pressing some
Il. E. Cotton)
and raiSin 6
others (E. G.,
W h e q t q n d
0n,Anor(
The Washington times., 1938-09-27
STERLING DECLINES

STERLING DECLINES
One aspect of the situation.
which is often thought Of as just
q part Of the war scare, is the de
cline in the pound sterling. This
is really a partially separate influ.
ence, and has had a tendency to
cause lower prices in q consider
able list of international com.
moditieS.
Although it is probably not to
be considered a very decisive mat
ter, there also is the fact that the
production capacity in a good
many industries is very large in
comparison with any demand yet
in sight. Moreover, stocks of a
good many manufactured goods,
if not hurdensome, are comfort
able, to say the least.
BUSINESS EXPANDS
On the other hand, business has
continued to expand in activity.
and this naturally tends to bring
increased industrial demands for
various products. The Wages and
Hours act has doubtless to some
extent increased costs. Political
developments, tending to weaken
the New Deal, and create optimism
concerning business (aside from
war fearS) tend toward firmer
commodity markets.
One thing which is noticeable is
that, while commodity price aver
ages have not been buoyant, the
various individual commodities
have moved more or less diver
gently, farm prices on the whole
being weak, while metals have
been strong. In fact, a selected
The Washington times., 1938-09-27

laughs That May Make You Shed
a Tear. Don't miss the Side-Splitting
relief Investigators. full page with
amusing drawings in The American
Weekly, the magazine distributed with
next Sundays Washington Herald.
The Washington times., 1938-09-27
93D BIRTHDAY
BY.
INSURANCE FIRM.
Mutual Benefit Life
Official Is Guest
By RICHARD R. BAKER

William H. Gather, field serv-
ice manager for the Mutual Ben
eft Life Of New Jersey, was the
guest yesterday Of the H. Law
renee Choate Agency of that com.
pany, which celebrated its s3rd
anniversary with a special meet
ing at Annapolis Roads Club.
Joseph C.. Lewis, first Wash
ington agent of the company, was
appointed in 1845 and the agency
has been in continuous existence
since.
In addition to Mr.. Gather, the
following other guests were pres
ent:
Edward Carlough Of the New
ark agency; Edward Hutchins,
president Of the Pioneer Laundry;
Vernon w. Holleman, general
agent of Home Life Of New York
in Washington and Paul D..
Sleeper, general agent of Aetna.
GIFT FROM STAFF
That new gadget on the desk of
Carl H. Ellingson is a birthday
gift from the staff of the First
Federal Savings and Loan ASsocia-
ton, of which he is the executive
manager. It is a cigarette lighter
combined with an attractive desk
clock.
Mr.. Ellingson is not a clock
watcher, but he admits that he
cannot help glancing admiringly
at his new gift. The loan asSocia-
ton head declines to state ex-
actly which birth date he has Just
passed. Moreover, there is no way
of telling by his accomplishments
because he was in his very early
manhood when he started out on
a startling career at the outbreak
of the World War as financial Sec
retary of a war prisoners aid Or
ganization in Berene, Switzerland,
then in Egypt and Palestine in
charge of the commiSsary Of the
British army of occupation. Re
turning he has been IN the Du1lQ-
ing-loan business almost continu-
ouSly.
FIRST FALL MEETING
The District Building and Loan
League set a near record for a.
tendance at its first fall meeting
today at the Raleigh Hotel with
Arthur G. Bishop Of Perpetual, its
new president, in the chair. Prin-
cipal attraction, of course, was TO
hear C Clinton James of the Col
umbia Permanent Building AsSo-
citation report on the activities Of
the International Congress in Zu-
rich, Switzerland, which placed
him on the world council.
Edward c. Batltz, Perpetual's
executive secretary, who was elect |
ed American vice president of the
international Congress, also was
on hand.
The Washington times., 1938-09-27
Hnuey Surveys
Price Reaction
War Scare and Bumper Crops Halted
Uptum of June
By LEWIS HANEY
Professor Of Economics, New York University
Special to The Wnshin9ton Tinnaa

NEW YORK. Sept. 27.-Probably the developments in the
field of prices during the past few weeks may be anayzed
follows
First there upturn in the business CYCLE beginning
about June which usual accompanied by uptrn in
the average of commodity prices at wholesale.