davidaulloa/AmericanStories huggingface dataset:
The journal. (Caldwell, Ohio) 1934-1961, 1955-05-12
Larrick- Jensen Vows
Are Read Saturday
In Richmond, Ind.

Announcement is being made
of the marriage of Eileen Lar
rick, sister of Charles Richards
of Belle Valley and Richard l.
Jensen, son of Mr.. and Mrs
George Jensen of Urbana.
The couple exchanged mari
riage vows on Saturday, May 9TH
in Richmond, Ind.
The couple were attended by
the bridegroom'S parents, Mr.
and Mrs. Jensen.
The bride chose a navy blue
suit with white accessories for
her wedding with corsage of
red roses.
The new Mrs. Jensen is a grad
uate of Belle Valley high school.
Mr.. Jensen is graduate of
Urbana high school and has
served the last 10 years with the
u. S. Navy and is now stationed
at Norfolk, Va.
At the present time, Mrs. Jen-
sen will reside with her broth
er in Belle Valley.
The journal. (Caldwell, Ohio) 1934-1961, 1955-05-12
v. F. W. Auxiliary
Holds Nav MeetinQ

The VIEW. Auxiliary to Post
No. 4721 held their regular
meeting Monday evening in the
Post hall on West street.
The president, Pat Parks, con-
Quoted the business meeting at
which time Poppy Day" was
discussed. The date for this is
Saturday, June 18th. Lulu Nc
Donald is the chairman of this
project and Mrs. Clyta Moscrip
is the co-chairman.
Refreshments were served
during the social hour. The long
table was decorated with minia-
ture may poles from which pas
tel ribbons fell. A large arrange
ment of tulips and iris centered
the table.
The refreshment committee
was: Donna Lee Barnhart, Eta
Davis, Clyta Moscrip, Jessie
Elliott and Mary Hanes.
Constance Weston was well
coined into the Auxiliary as a
new member.
The journal. (Caldwell, Ohio) 1934-1961, 1955-05-12
Mrs. John Bates, Jr.
HonOred With Shower

Mrs. John Bates, Jr. was hon
ored with a stOrk shower last
Friday evening in the home of
Mrs. John Bates, Sr., in Macks-
burg with Irene Mckee serving
as companion hostess.
The rooms were appropriately
decorated in the pink and blue
color scheme.
Dainty refreshments were SER
we'd by the hostesses to the fol-
lowing guests: Mrs. Clara Nc
Kee, Mr.. and Mrs. Raymond
RUNNER and Mary Wiley, of
Caldwell; Mrs. Dallas Bates,
Ronald and Dana and Mrs Jerry
Bates, of Cumberland; Mr.. and
Mrs. Clifford Misel, Mr.. and Mrs.
Albert Augustein and Mr.. and
Mrs. John Smith, of Dexter City;
Mrs. Loren Carroll, of Coal Run;
Mr.. and Mrs. Leo Boone and
Janet, of Newcomerstown.
Mrs. Josephine Davis, of South
Olive; Mr.. and Mrs. Robert
Diehl of Whipple; Mr.. and Mrs.
Virgil Carroll, Mr.. and Mrs. F.
L. Fritche and Barbara, of
Lowell; Mr.. and Mrs. G. E.
Chandler, Mr.. and Mrs. Boyd
Wagner, of Crooked Tree.
Mrs. Helen Parks and Eliza
beth, Mrs. Julia Bean, Mrs. Min
ME Carpenter, Mrs. Mamie
Antill, Mrs. Lizzie Hale, Mrs.
Ella Walters, Mrs. Bessie Far
ley, Mrs. Imogene DeVolld, Mrs.
Virginia Frewy Mrs. Rita McAtee,
Mrs. Mabel DeLong, Mr.. and
Mrs. Harry Nolf, Doris Whet-
stone, Mr.. and Mrs. T. J. Hunt
er, E. H. Chandler, John Bates,
Sr., Sandra Bates and John
Bates, Jr. of Macksburg.
Mrs. Bates received a number
of nice gifts including gifts from
the following who were unable
to attend: Rev. and Mrs. William
Kathary, Mr.. and Mrs. Glen
Warren, Mr.. and Mrs. Emmett
Blake, Mr.. and Mrs. Harry Long
fellow, Mr.. and Mrs. Ray Curtis,
MIR. and Mrs. Bert Reiter, Miss
Linnie Goodwill, Miss Stella
Rothley, Miss Bessie Rothley,
Mr.. and Mrs. Elmer Antill, of
Macksburg.
Mr.. and Mrs. Billy Boone, Mr..
and Mrs. Pyles of Newcomers
town; Bobbie Mckee, of Canton;
Mrs. Goldie Haas of Marietta;
Mr.. and Mrs. Wiley Harper, of
Dexter City; Mr.. and Mrs. James
Lowe, of Whipple and Mrs.
Louise Carroll, of Coal Run.
The journal. (Caldwell, Ohio) 1934-1961, 1955-05-12
Catholic Women S Club
OF Belle Valley Holds
Meeting Sunday Evenino

The monthly meeting of the
Catholic Women's club of Belle
Valley was held Sunday even
ing, May 9Th with % members
being present.
A short business session was
held and an announcement was
made that on Sunday, June 5th.
after mass, all mothers are going
to be given the opportunity to
bring their children to the
church dining room to enroll
in catechism.
A bake sale and social was
planned for Sunday, Nav 29th to
be held at $50 o. m. in the
church basement.
Members present were: Anne
Kostelic, Anne Macenko, Helen
Macenko, Leona Bania, Bonnie
Bailey, Vivian Thomas, Wilma
Moushey, Rose Mazgay, Anna
Wukelick, Betty Thomas, Mary
Thomas, Susie Ha1ahan, Susie
Zalenzik, Helen Gaydos, Emma
Lesko, Evelyn Halahan, Helen
Milk, Mary Mesarchik, Susie
Uro, Susie Minyo, Margaret
Mika, and Josephine Yakuchek.
The next meeting will be held
Sunday, June 5th and all mem
berS are urged to attend.
The journal. (Caldwell, Ohio) 1934-1961, 1955-05-12
Woman S Bible Class
Holds May MeetinQ

The May meeting of the
Woman's Bible class of the First
Methodist church was held last
Thursday evening in the church
dining room.
Mrs. Laura Fowler was the
devotional leader and Mrs. Alice
Blackburn had charge of the
program, which included: a
vocal solo by Mrs. Iva Cutler;
readings by Mrs. Pearl Keith,
Mrs. Minnie Heddleson and Mrs.
Mamie Cheadle.
The president, Mrs. Edna Tar
Teton, conducted a short business
meeting.
During the social hour contests
were enjoyed
Photo observation-disclosures
The journal. (Caldwell, Ohio) 1934-1961, 1955-05-12
Kenneth Shafer Honored
With Birthday Party

Mr.. and Mrs. Edison Shafer,
of Mt. Ephraim, entertained last
week with weiner roast honor
ing their son, Kenneth, who was
celebrating his birthday anniver-
Sary.
Guests were: Ronald Moore,
David Hague, Jerry Robinson,
Jon Cleary, Junior Watson,
Jimmie Bates, Larry Cowgirl,
Kay and Erma Casey, Dolores
Bond, Edna Poulton, Jenny
Marie Poulton, Jane and Cleo
Ann Shafer.
Games were enjoyed during
the evening hours.
The journal. (Caldwell, Ohio) 1934-1961, 1955-05-12

j Shearer is the son of Mr.. and
Mrs. John D. Shearer, of Phila-
/ delphia. Pa.
For her wedding the bride
chose a waltz length gown of
white taffeta with pink accents.
Her veil of French illusion fell
from tiera of seed pearls. She
carried nosegay of pink rose
buds and white feather carna-
tions.
Miss Margaret Ann Lindley,
of Mansfield, a college classmate
of the bride, was maid of honor.
She wore ballerina length
gown of pink tulle over rose
taffeta and carried nosegay of
rosebuds and NUNS.
David Shearer of Philadelphia,
Pa, served as his brothers best
man and the guests were seated
by Gene Brown, of Morgan
town, w Va, and Ramon Gadea,
of Marietta.
A reception was held in the
home of the bride following the
CGIGillOIly.
The new Mrs. Shearer receiv-
ed her ALB degree from Oberlin
College and did postgraduate
work at the University of Mar
burg in Germany.
The groom is a graduate of
Cornell University where he was
affiliated with Sigma Pi and was
elected to Phi Kappa Phi
national scholastic honorary.
Mr.. Shearer also did graduate
study at the University Of Man
chester in England. He is now
an administrative assistant in the
Industrial Relations Department
of Electromet Division of Union
Carbide and Carbon in Marietta.
The newlyweds are residing
in Marietta
The journal. (Caldwell, Ohio) 1934-1961, 1955-05-12
MOTHERS DAY DINNER

In observance of Mothers day,
a dinner was served Sunday in
the home of Mr.. and Mrs. Ottie
Carpenter, of Quaker City route.
Those attending were: Mr.. and
Mrs. Lee Carpenter and Max of
Lewisville; ;Mr and Mrs. Bay
Carpenter and Jeffrey Lynn of
Brewster; Mr.. and Mrs. Wood
row Carpenter, Cindy and Danny
of Quaker City; Mrs. Rome
Thompson and Darlene, of Sum
merfield; Ruth Carpenter, of
Barnesville, Ray Carpenter and
the host and hostess.
The journal. (Caldwell, Ohio) 1934-1961, 1955-05-12
Caldwell B.P.W. Club
To Honor Senior Girls
In County With Tea

The Caldwell Business and
Professional Women's club is
giving a tea Sunday afternoon,
May 18th at 400 p. m. in the
Caldwell grade school cafeteria
honoring the girl graduates in
the county and their mothers.
A short program is being
planned by the committees in
charge.
All ByP.W. club members are
urged to attend this tea.
The journal. (Caldwell, Ohio) 1934-1961, 1955-05-12
Qou)enai Society
PHONE 98
Miss Mary Ann Shafer And John {. Shearer
Plight Troth In First Methodist Church

The First Methodist Caldwell setting
April 80 for the 430 o'clock ceremony uniting marriage
Mary Ann Shafer Clyde Shearer.
The Rev. Floyd r. Gauger officiated the
The bride given by cousin,
CAIN of City. daughter of Mrs
of Mr.
The journal. (Caldwell, Ohio) 1934-1961, 1955-05-12

Photo DeveIopIng-Gi.
Evening star., 1955-10-26

change the name Of the club
ofncially to the Soldiers. Sail
ors. Marines and Airnlen's
Club.
Mrs. Macarthur has been
. life member since 1917 when
her mother. the late Mrs. Bow
man H. McCaila gave her the
membership as Q present. To-
morrow's meeting win be In
the nature of q memorial to
the originators Of the club. the
membership Of which is In ex-
cess Of 5000.
Top-ranking officers wives
head the committees and do
a great deal Of the hard work
OF running the club. The vice
presidents are Mrs. Ralph ].
Canine. Mrs. Herman Feldman,
Mrs. John p. German and
Mrs. Charles r. Cahill. Mrs.
r. B. Dewitt Is secretary and
Evening star., 1955-10-26
|Krekelers Plan
|Post-C Concert Fete

The German Ambassador
and Mrs. Heinz Krekeler VIII
entertain between rs and 90
guests this evening after the
concert Of the National SYM
phony Orchestra. The recep-
ton win be given In their new
embassy and IN the company
viii be the conductor Of the
orchestra, Or. Howard Mitch
Ell. and Mrs. Mitchell and the
soloist. Miss Margaret Har-
shaw. soprano.
The program tonight.
which "Opens the odd series
Of "Wednesday evening con-
certs for this 25th season. b
planned In honor OF the Fed
eral Republic Of Germany,
German Ambassador Krekeler
and the German nationals iiv-
ing In Warrington. The two
German composers whose
works win be heard are Ricli-
ard Wagner and Richard
Strauss.
The Ambassador and Mrs.
Krekeier win be hosts 10 =
number Of guests h their box
ct the concert before their
reception.
Evening star., 1955-10-26

her assistant d Mrs. Norman
Peterson. The treasurer y Mrs.
Truman Landon. assistant
treasurer. MRS. Ralph Dean;
membership. Mrs. Ralph =.
Wilson. and her assistant. Mrs.
Paul w. Caraway.
Following the presentation
and meeting. luncheon wiz be
served by the ladies Of the
canteen committee.
Evening star., 1955-10-26
To Present
Plaque to
|SSMAClub

Mrs. Smith Hempstone. wife
Of Capt. Hempstone, USN, re-
tired. and honorary vice presi-
dent emeritus Of the Soldiers.
Sailors. Marines and Airmen's
Club. will present q plaque
tomorrow to Mrs. Arthur Mac
Arthur. the present president,
at the opening meeting Of the
club.
The plaque Is In memory Of
the women who founded the
original organization. known
then as the Army and Navy
League. and win also erve to
Evening star., 1955-10-26
OFFICERS WIVES CLUBS
, Navy Doctors Wives
To Entertain Countess
WIVES CLUBS

Mrs. william r. Ward had
charge Of the details Of the
tour.
Air Force
Mrs. Reginald c. Harmon.
president Of the Air Force
Wives Club. presented toys to
the commissary nursery ct
Walter Reed Hospital on Mon
day. They were gifts from the
Air Force Wives Club.
Assisting with the presenta.
ton were Mrs. Thomas B. Nc
Donald, Mrs. j.. ]. Morrow and
MRS. L. w. Moseley.
Evening star., 1955-10-26
Judge Advocate Generals Corr
Auxiliury luncheon Held

The Ladies Auxiliary Of Slo-
bodka Yeshivah gave It's first
luncheon Of the fall season
yesterday In Beth sholom audi
toriurn.
Mrs. Sarah shor was acting
chairman for the event. Also
present WAS Mrs. Bertha Kap-
Ian, president.
Evening star., 1955-10-26
Presentation Is Pl0nned

Mrs. Ina Russell Stacy, pres
ident Of the Pilot Club Of
washington. viii present 8
new rug to the Georgetown
Aged Woman's Home ct .
party to be given at the home.
with members Of the club and
the homes board In at
tendance.
Evening star., 1955-10-26
ENGAGEMENTS

Of Mr.. and Mrs. Franklin II.
Bird OF Long Island. n. r.
and nephew Of Mr.. Howard
Bird of Hyattsville. The we'd
ding will take place on june ..
Young-Mdthieu
Mr.. and Mrs. Harry r. Bait
announce the engagement Of
her daughter, Miss Marguerite
Young. to Mr.. Wilfred Joseph
Mathieu. III. son Of Mr.. and
Mrs. Wilfred Joseph Matthew
Of Ashaway, r. !. The we'd
ding win take place In Feb-
ruary.
Lovelnce-Trees
Mr.. and Mrs. Harold N.
Iovelace Of Arlington announce
the engagement Of their daugh-
ter Ann to Mr.. Clifton G. Trees.
son Of Mrs. Clifton G. Trees Of
Pittsburgh. Pa. The wedding
win take place December %
in the Falls Church Presby-
terrain Church IN Falls Church.
Evening star., 1955-10-26
Gcrfield-Sucks

Mrs. Rose L. Garfield Of
Baltimore announces the en-
gagement Of her daughter
Naomi Natalie to Mr.. Melvin
Sacks, son Of Mrs. Pauline
Sacks and the late Mr.. Benz
jarnin Sacks Of Silver Spring.
Miss Garfield Is the daughter
Of the late Mr.. Samuel Car
field Of Baltimore.
Evening star., 1955-10-26
| [BeEkes-Treqer

Mrs. Edward Berkes Of
Alexandria announces the en-
gagement Of her daughter
Betty TO Mr.. Donald NJ.
Treeer, son Of Mr., and Mrs. E.
Joel Treger Of Alexandria. No
/ date has been set for the
wedding.
Evening star., 1955-10-26
|Postletliwoite-Bird

Mr.. and Mrs. Keith T..
Postlethwaite Of Hladensburg.
Nd. announce the engagement
Of their daughter Shirley TO.
I MIR. Richard Scott Bird. son
Evening star., 1955-10-26

l-NA.sSApe1A4As8 wv -
Guest day for the Chaplains
Wives Club Is planned for
Tuesday when they viii enter
tain ct luncheon at Walter
Reed Oficers' Club.
mrs. Kenneth l.. Ames has
charge OF the program. Mrs.
8. w. Salisbury Is hostess
chairman assisted by Mrs.
Wayne 1. Hunter. Mrs. Richard
B. Cheatham and Mrs. y.
Sundlon.
Judge Advocate Generals Corp
The ladies Of the Judge Ad-
vocate Generals Corps spon-
sored D one-day guided tour Of
the United Nations on Mon.
day. Mrs. Eugene M. Caffney.
wife of the Army Judge Advo-
cate General Joined other
members and friends attending
the General Assembly meeting.
Evening star., 1955-11-04

WNg1 e LglhL0D GIG ) lN3M l05is
IEx diytdend. tPlus extra or extras.
Z Arrears. half payable June is, 1855.
nan peeemher Is. 1885. q Declared a.
pald % lar this year. Ex TX rights
Evening star., 1955-11-04
Market Higher
On Stock Splits;
Trading Brisk

NEW YORK, Nov. 4 tR.-
Split candidates were in the
spotlight Of an advancing stock
market today.
Prices in the early afternoon
were up ! to around 3 points
In many instances. Losses were
small.
Trading was brisk throughout
The pace was near the 21a MIL
lion share mark. Yesterdays to-
tai was 2.260, 900 shares.
Standard Oil IN. J.), whose
Ithree-for-one split proposal sent
yesterdays market booming
ahead, was up between Q and
points at times today. It added
I7a yesterday at 1894.
| Chrysler. whose directors meet
today for dividend actions, was
up q point after starting or
$500 shares up II at 9T3s. Then
~ iSA uaCk IOF 3 loss OF around
|a point. It was active through.
|out its price swings.
Among advancing stocks were
Bethlehem Steel. youngstown
sheet & Tube. General Motors
Caterpillar Tractor, Douglas Air.
craft, Zenith Radio, American
Telephone, Kennecott Copper
Allied Chemical. Du Pont, Inter.
national Paper, Southern Rail
way, American Airlines, ans
Hiram Walker.
| Corporate bonds were Quietl'
higher. U. s. Government issue
traded over the counter wer,
easy.
Evening star., 1955-11-04
DIVIDENDS

NEW YORK. Nov. R.--Diyidend
Evening star., 1955-11-04
cHicAGOLWEsTocK

CHICAGO, Nov. 4 H.-saialhe hogs
1000; $3.50 lower on butchers: sow
IS 70 mostly so lower; trade moderstsli
active ct the declinei receipts lareest IL
2 year for Friday, and aFerage prici
butcher hogs lowest since June 1914
bulk mixed No. 1 to IS Is0-2s0 ID
butchers l2.f5-13.25: mainly 1878.
1900 on mixed lots No. 2 and SIS oyel
l220 lb.s several hundred head mixed lott
No. and IS 190-220 ID. t325-t3. so
around 10 head mostly No Is 201 10
nt 1895. and II head lot No. Is 19t
10. ct l3.Tb. but no volume over 1925
most sews IN larger lots under 600 ID
saiabis cattle. 1000: saiabie calves
goo SLAUGHTER steers and heifers nom.
inai; cows and bulls dull, steady TO 2a
lower with clearance sineompiete: yeaieFs
dun and weak: . package OF choice steer
yeArlings 21.00 and few choice heiferi
20. 90: utility 10. low commercial cows
l9 .50-1 90: Gamers and cutters TOO.
9.50, mostly T.50 up with q few light
and shelly canneIs down to $50 and
belows q few utility bulls I9.00-l 80;
. few head heavy beef bulls l1.00-l so;
yealers 24.00 down; . few choice heavy
SLAUGHTER calves 1900. 1 few eull veal.
ers dow nfp S.00.s
salable sheep. 500; trade moderately
nctiYei fully steady on all classes; good
TO prime Yooled lambs so-96 ID. 1900
20. 20; Gull TO low good grades 1900
1900: about 20 head mostly choice
IyearlinEs 1850: Gull to choice shorn
'Elaushter ewes 3.b0-S,0O.
Evening star., 1955-11-04
CHICAGO GRAIN

CHNAq0. Nov. 4 tF).-0rains wen,
lnte q 4ow retreat In auiet desiInr,
On the Board of Trade today. lose,
were small In all pits,
!. Lack OF exports. slow domestic Ann,
naSlneSe sud q little seIlinK hy traderI
~ the wheat end we're mainly respori.
slnla leT the Elight downturn. zsAsh scori-
hieeeagts y " s;0s sATs also were toinewhhi
WHEAT near the end of the Arst hour
wak ~ ~ lower. Deceuiher Sos:
eoTn " 20 ~ lover. December sI :sg II;
9ats q " 70 lpEsf December 64ssi ne
u 10 cent lower December SijS.
s0ybeans v % cent lover. Noveriber
Ns,aotz, and lard unchanRed 70 10 cent,
hundred pounds hisheF. November
l'l..st elio
Evening star., 1955-11-04
BUSINESS
BRIEFS

Freight volume held at the re-
cent high levels last week with
Eloadlngs totaling 835,396 cars.
This was 897 cars or OIL per cent
above the previous week; 9s,163
cars or I3.5 per cent above the
same week last ear.Association
sof American Railroads.
Heavy construction contract
awards in the week ended Monday
totaled $394.olI.0O consisting OF
l$278.45S, 600 In private construc-
ton and $115.553.00G In public
construction compared with
$295. .207. 900 the previous week
and with $287. $4,000 for the
similar week q year ago.-En-
Igineefing News Record.
American Tobacco reports net
income for the third quarter
Itotaled $15,158.000 or $2.21 a
share compared with $l1, ,7S6, 900
or $l.69 for the 1854 quarter.
American Radiator reports net
income for the first nine months
this year of $13,637. 900 or Sl.33 a
share against S12.272 900 or $l.20
% share for a year ago.
B. r. Goodrich Co. reports for
mine months ended September 80
met income of $32.395,212. or
1896 a share compared with s27.-
l3Tl, ,729, or $3.11 a share In the
first nine months of 1854.
Greyhound Bus elected Orville
is. Caesar. one of its founders, as
board chairman. and Arthur s.
Genet. G. & O. traffic executive,
ito succeed Mr.. Caesar as presi-
dent of the system.
! Jersey Standard Oil declared a
cash dividend of $I.50 a share
1and proposed q three-for-one
tsplit Of the common stock. Stock
holders win be,asked to authorize
ian increase in the common stock
from presently 80 million shares
to $50 million shares.
Federal Reserve Board reports
loans to brokers and dealers on
iother than United States Gov
iernment securities held by mem-
lber banks in New York City to-
tailed $l,647 100000 Thursday.
This was an increase of $3l, l,000.-
1000 from a week before, and an
increase of 1893, 100000 from a
year before,
Capital PlaStics Inc. has pur-
chased plant in Wellsville, N.
TX, for expansion of the firms
manufacture of plastic mate
rials for buttons. Capital Plastics
also has plants in Brodhead,
Wis. and South Boston. Va.
| Sinclair Oil reports net earn
lings Of $56,13T94o, equal to $4.24
"a share. for the first nine
months OF 1855. This compared
with $52.896.3S4, or $4.29 a share
on a smaller number Of shares
outstanding, in the like period
last year. Gross income for the
nine months set a new company
high Of $T99,7l9,77o VS.. $741,-
538.S43 a year ago.
Evening star., 1955-11-04
NEW YORK PRODUCE

NEW YORK. Nov. a Up -(USDAl, -
Wholesale egs prices were about steady
ION large and steady 10 firm on mediums
wholesale selling prices based on ex.
change and other volume saies)
New York spot quotations follow Tin.
cludes Midwesternl.
Mixed coiors: Extras 1880 lbsl AZ.
40: extras large t45-4S lbs} 45-45
extras medium 35-36 smalls 1890.
standards large 42-43; dirties 3l-32;
checks 30-32.
Whites: Extras t4s-ba ibs) 50-SI.
extras large t4b-4s ibsl 4s-5o; extras
Browns: Extras t4s-S0) lbs1 bf-52
Includes nearby. Whites: TOP quality
l4S-50 lbsl 53-54ts; mediums 37s.
3Sta smails 29-3n.
Browns: Top quality (4S-50 lbsl SO.
s4h: mediums 31ia-3Sa; smalls a.
Evening star., 1955-11-04
Owners Exceed Workers

NEW YORK.-Persons holding
stock In the Nations steel COM
|panies were more numerous than
employees during 1854 for the
first time in many years. The
average monthly total of wage
and salaried employees was 1885,
1880 compared with nearly ITO.
900 persons owning stock.
Evening star., 1955-11-04

payments are made into Wash-
ington in a variety of trans
actions--for goods, services. sal-
aries, dividends and other pur-
poses, including the settlement OF
estates.
One bank said about a third
Iof the checks that 60 through
its transit department are out Of
town checks. Another said the
proportion would be about half.
Transit departments handle
checks to be collected from other
banks. One bank said its transit
department on q recent day
handles about $4,000 checks.
Evening star., 1955-11-04
NEW YORK COTTON

NEW YORK. NOV. N n-r-nstcn n
lures were steady dnrtre ths foTenoar
to-day. featured by R0cd trade buyirs
Igl near nicnthx NeW-cfop month,
lsKxe9 On the upturn as they met fur.
price supports Tor the i1exf eSan nnd
uncertainty over GDyernment's cotton
EXPORT plans Gains ia nearby Deem.
per were checked ak traders iiquidated
Llacempef holdinRss partly AGAINST Dur.
ehAsts OF March and later posifions'
Noon prices were UNCHANGED "a "A
a bale higher than the previous eloss
Deeefngsr 30 %; March. 3o.87, and
Evening star., 1955-11-04

the wrong impression because it
sounds haphazard. Actually the
checks are being speeded on
their way for prompt payment.
The float has aroused some
controversy because the Federal
Reserve Banks permit member
banks to count their float as part
lof their reserves. The argument
lis that this permits the member
banks to count as reserves money
they do not actually have and
Thereby reduces the reserve re-
Iquirements.
Practice Established
The practice. however. appears
pretty well entrenched. There is
mo indication the Federal Re-
serve system is going to give il
Iup. Member banks have become
used to the practice and would
object strenuously to q change,
particularly at this time when
Joan funds are tight.
A. large proportion Of the
checks going through the inter-
city clearing process actually are
paid off In two days. But even
If they haven't been cleared in
that time. at the end Of two days
the Federal Reserve Bank gives
the member bank credit for their
amounts.
In the two-day period a check
lis q deferred credit item. Be-
tween the end Of the two-day
period and the time it is actually
paid it is counted as part Of the
|doat.
Importance Stressed
Is the ioat as important to
Washington banks as to banks in
industrial cities?
A canvass Of leading Washing
ton bankers indicates 1t is. Large
Evening star., 1955-11-04
Millions FIoot Around,
But Bankers Aren't Upset
BY FRANCIS p. DOUGLAS

Ever hear Of the Float IN banking?
of floating around the country at any
time-from $500 million to 81 blon-and naturally the
bankers call it THE Float"
It consists of checks being forwarded from banks city
collection Floating probably
Evening star., 1955-11-04
FOREIGN EXCHANGE

NEW YORK, Nov. 4 W.-Foreien ex.
ichAnge rates follow fGreat Britain Ii
dollars others In centsl:
Canadian dollar In New York open
market. " per cent premium or 1o0.19M
.. 8. cents OF ! IS2 Of . cent.
!, Eafeps GEest Britain tpogndl J.
Britain. 3O-daY futures, s.Te 27j32. np
Il/32 Of . cent; Great Britain, 60-dAy
futures. 2.79 IS l32, up 1J3a Of cent;
Great Britain, p0-day futures. 2.Ta. Of
4. OF q cent: Belgium lfranc). I9ais.
| on .00,s OF q cent: France tfrancl.
I.2ass Of Q cent, unchanged; Germany
(Westernl tdeutsehe mark, 23.S5. un-
ehanged: Italy tliral, l6ta Of 8 cent,
unchanged. Portugal fescudol. 3. SO, un-
iehanged. Sweden (kronA}. 1894. un-
lehanged: Switzerland ffrancl free
l2334, UNCHANGED: Denmark fkrone)i
la.50, UNCHANGED
Evening star., 1955-11-04
NEW YORK STOCK EXCHANGE
Furulshed hy ~ A.soelatea Pre-,

s.Ocs .no saIs. IA y,
Dividend Rate 90 Aigh Low I:le chg