Evening Star Newspaper, October 13, 1930, Page 26

FEDERAL RESERVE - CREDIT ASSURED| Ample Facilities ~Available for “Movement of Crops . to Markets. The ; Federal Reserve Board gave assurance today that ample credit facili- ties are available for orderly movement of agricultural crops to market. | In its monthly review of business and finaricial conditions the board - sald ample credit for this purpose was assured through “the excepunnnllyl strong position of commercial banks | and reserve banks, the prevailing ease | in credit conditions, the low- level of | money rates and the attitude of the FPederal Reserve system.” | Promise Is Recalled. The statement recalled that on Sep- tember 24 the board had promised the American farmers that it was eager to | have its available resources used to finance the movement of crops at the lowest interest rates ever charged by the Federal Reserve banks. The board said that for the year end- ing in September there had been an increase of $1,125,000,000 in deposits | shown by the reporting member banks. Of this amount there was an increase of $470,000,000 in net demand deposits and an increase of $655,000,000 in time | deposits. Deposiis Increase. This growth, the board said, was nearly twice the increase in loans and | investments, which had advanced $615,- 000,000 in the year. New York City banks showed an increase of $444,000, 000 in demand deposits and #p increase of $175,000,000 in time deposits, while outside New York City the increase in | net demand deposits was $26,000,000 | and $480,000,000 in time deposits. | “The more rapld growth of deposits than of loans and investments during the year, which is usual during a period of business recession, reflected in part an inflow into the banks of gold from abroad 'and of currency from circula- tion,” the review said. H Gold Stock Grows. “The country's stock of monetary gold | increased during -the year by about $130,000,000 ‘and the outstanding vol- ‘ume of money in circulation was dimin- ished by $300,00,000 owing to decreased demand caused by reduced pay rolls, a | smaller volume of retail trade and a! Iower level of commodity prices.” The board said conditions in the money matket remained easy in Sep- tember and that, although the usual seasonal change at this time was up- ward, there was little change in the demand far Reserve bank credit. - ONE KILLED ONE HURT Wexas & r-eme rulenter Train Overturns in Ditch. ! + DALLAS, Tex., Octobsr 13 (R’)-—Onev mn was killed and another serjously | late yesterday when eastbound | ‘hxu & Pacific passenger train No. 10 left the rails and overturned in a ditch near Eagle Ford, west of Dallas. I R. A. Shorl. Big Spring, fireman, was B. Petty, Fort Worth, | filmr 'll Rl’lo\l!ly injured. ldznuflednwomm Ppassenger also | while the tender and four cars, including three baggage cars, were scat- some crosswise, on the trucks the rodabed. Rails were torn up undreds of feet. The accident ‘.‘.%‘K““ Hour Py s, oo 4 SHIPPING NEWS Arrivals at and Sailings From New York. ARRIVED, ahmnn—hi;' Limon ) —Glaszow VIII—Copenhagen DUE TODAY. ic—Live: an iningholm—_ Gothenburs ¥ Octol thern cmu—suenon Afres. sennmbuu ndam-—Bermuda October 1 nia—Kingston . fisnuct Arous—ne trin—Southampion & DUE TOMORROW. ‘October 11 | October 4 | book shop in Copenhagen. DUE_WEDNESDAY, OCTOBER 15, Homeric—Southampton .October Zacapa—Santa Marta ‘American. Mexchant—London October DUE THURSDAY, OCTOBER 16, Nerissa —8t. John Bermuda_Bermud; Gatun—Kingston DUE FRIDAY, OCTOBER —~Bouthampton . ..October 11 | rd Oslo ...... October 7 October 10 IOctober 1 October 14 1 October 11 OCTOBER 18 October 10 ‘October 7| Morro Castie—Havana ... Pavorita—Kingston DUE SATURDAY, New_York_—Hamburg America—Hamburg . OUTGOING STEAMERS. SAILING TODAY. Gty (ol Bt Louis —Savannar milton—Norfolk Faraaen Miaseion. Taubate—Bahia. SAILING TOMORROW. n—Cherboure and Southampton resa—Cristob: hlnmu SAILING WEDNESDAY, OCTOBER 15, Mauretania — Plymouth, Cherbours Southam; vmnm-_mnmon Bermuds. Adbert Bailtn: Cherbours and Southempton Cabo ‘Espa | Exiria—Genoa. tel—Barcelona Exmoor—Piraeus. George Washingion— Plymouth Innoko—Antwerp Mauretania — Plymouth, uthamptos o mu—cmwm La n Jusi Tawls Luckenbach—Pacific Coast. Matura—Trinidad. Sixacla—Kingston Veendam—Bermuda. ‘Willism Doheny—ATuba. SAILING THURSDAY. OCTOBER 18, American Merchant—London. Lafayette—Plymouth and Herre. Beriin—Soutnampion, Boulosne “ind Bremer- #an Lorenzo—San Juan and Santo Domingo Telara Arica snd 2nd Cherbours and SAILING FRIDAY, OCTOBER 17 Lancastria_-Plymoutn, Havie and London. PrancePlymouth and Rotterdam—Flymouth, Bouloghe and Rotter- Conte Grande—Gibraltar, Naples and Genos. Southern Cross -Bermuds, Rio de Janeiro, ntos, Onaber e o Homeric. Medea—Port Ao Prince, Curecas aha Mara- call SAILING SATURDAY, OCTOBER 1. Transylvania—Moville and Glasgow Laconia—Cobh Liverpool. Ponce—San Jua; Drottaimeholm-Gothenbur, FisdeHik Vi—Christiansand, Oslo and Co- lamares--Havana, Cristobal and Port Li- jon. - e Conn and u erpool ive e Plymo cmmur: and Ant- nha-—-cmmur: and London. Following out her father’s wish that all of his children learn a practical teade, Princess Alexandrine Louise (center) is see nhere working in a bookbinding She is the daughter of Prince Harald, brother of the King of Denmark. NEWCOMB CARLTON OPPOSES WAGE CUT| Telegraph Company Head Says Such Policy .Is Worst During Depression. By the Associaied Press. SYRACUSE, N. Y...October 13—The worst method business can employ in a time of depression, seid Newcomb | Carlton, ident of the Wi LANSBURGH'S Store Tomorrow Will Be 9:15 AM. to 5 PM. THE EVE —P. & A. Photo. | Telegraph Co. in an interview published | by the Syracuse Herald Saturday, is to | lower the wages of employes. i ‘The Herald further quoted Mr. Carl- | ton, now on a business tour, as saying: | “A too long continued prosperity is | the worst thing in the world for Ameri- can business and is the quickest and surest factor that will lead to the de- struction of the business and of the | | present form of national Government. | “It is a good thing to be set back | occasionally, so that we can _regain our senses and take a comprechensive view of what we are doing. Such a time as now acts as a purge to clean out the waste parts of our economic | structure and give us a new and firmer Hours In order to prepare for a great celebration— Lansburgh’s 70th Anniversary LANSBURGH'S 7th, 8th and E Sts.—NAtional 9800 If You Thrill in Wearing No Connectum th Afly Othrr Wuyhmpton. smrr the New While It's New See These Shoe Arrivals Refined and restrained . . . all three in keeping with the vogue for conservative footwear. Footwear—Second Floor o1 atikge, Ringston’ and Puerto Bar- {han_Cherboure and Southampton. oa_Puerto 'Colom| i. Callso’ and ALRiso. ‘Ouun- and Cortes. The Classic Opera Pump, of dull mat kid or brown kid— $10 One Strap, of black or brown suede, reptile trim— $10 Four-eyelet O x - ford, of dull mat kid L'\ ‘or brown suede— $10° WA RAIL CHIEF ADMITS RECIPROCAL BUYING Pdtronizes Concerns Which Ship Over His Line, W. G. Bierd Testifies to I. C. C. H an Interstate Commerce Commission in- quiry into rebating that his line did all purchasing on a reciorocal basis. The commission is.eéndeavoring to learn whether the ralroads use discriminatory methods in buying from manufacturers in return for shipping freight. Bierd sald “We believe it is the proper thing to do. It is the basis of the business world and we can't see how | we can do anything else.” He said the railroads, for example, |in paying more for coal than necessary in some Instances, had put many coal | operators on a self-sustaining basis and | augmented the tonnage business of the | I coal shippe: By the Associated Press. CHICAGO, October 13.—William G. Bierd, president and receiver of the Chicago & Alton Railroad, testified at AUTO WRECK FATAL One Killed, Three Injured When Auto Tire Blows Out. KINSTON, N. C, October 13 (#).— Robert W. Parsons, 55, Kinston hotel proprietor, received fatal injuries and three other persons were hurt when their automobile overturned after a blowout near Fort Barnwell yesterday. Doctors believe Albert D. Parsons, 77, and his wife, 58, could not survive their 1murlos J. Larmour Parrott, 52, was ess seriously hurt. All are of Kinston. Parrott was driving the machine. Number 7 of a Series Preceding a Truly Great Celebration LANSBURGH'S 70th ANNIVERSARY Would You Go to Tulsa, Oklahoma, to Buy Your Silks? needn’t. like “Believe It or A Major’s has traveled the 48 her choice. clientele. F course you wouldn’t. Washington has its Lans- burgh, and Lansburgh is Silk Famed. but Lansburgh silks. Lansburgh’s every season for silks of And you Famed with a glorious fame that reads Not” incidents. wife in Tulsa, Oklahoma, who States, will have none And she comes to A dressmaker in Columbia, South Caro- lina, is often seen in our silk department, buying silk for her large and exclusive A Colonel’s wife, 'way down in Georgia, has long since discovered that it is worth her while to buy silks at Lansburgh’s. And on and on we could go, naming, yes, even the wives of Presidents of the United States who have shown an unmistakable preference for Lansburgh Silks. LANSBURGH'S 7th, 8th and E Sts.—NAtional 9800 No C(mnectmn With And Other ershmflton Store. Will You Be Witch or Old-Fashioned Girl? Choose Halloween Costumes Now at Lansburgh’s Children’s Costumes at $1.00 Red Riding Hood Dutch Boy Pierette Turkish Boy Mexican Boy Clown ¥ Adults’ Mr. Dude Mrs. Dude Spanish Man Spanish Lady Dutch Man Dutch Lady Ballet Dancer Adults’ Dutch Girl Children’s Costumes at $1.98 Mr. Dude Witch Mri. Dude Pi Spanish Boy Pf":" Spanish Girl irate Jockey Dutch Boy Dutch Girl Gypsy Girl Ballet Dancer Old-Fashion Girl Children’s Costumes at $2.95 Gypsy Boy Gypsy Girl Dutch Boy Wooden Soldier Dutch Girl Peasant Girl Malloween Costumes—Fourth Floor Mandarin Bellboy Gypsy Girl Gypsy Man Dutch Girl Dutch Man Costumes at $2.95 Witch Mexican Max Mexican Lady Pierrot Pirate Jockey Gypsy Girl Costumes at $4.50 Old-Fashion Girl Mandarin Peasant Girl Pirate LANSBURGH'S 7th, 8th and E Sts.—NAtional 9800 | never have to rub collars or cuffs VOSS owners do not have to rub collars and cuffs to insure absolute cleanliness. Neither do they have to separate even their finest things to be washed by hand for fear of injury. The VOSS patented Floating Agitator— available in no other washer—exactly duplicates hand- washing action in all its gentle thoroughness. The Voss Is Only $98.50 May Be Bought on the Budget Plan Demonstration—Street and Sixth Floor. LANSBURGH'S 7th; 8(h and E Sts‘—NAxlonal 9800 W MI; 4'1"}' ()Ihrr Hn Irmq!nu For a Limited Time Two Enameled Port- able Tubs will be given with each VOSS Electric Washer purchased here. Store. LANSBURGH'S 7th, 8th and E Sts.—NAtional 9800 No (nuummu With Any Other W mhluJIlm Store Its Fame Is Spreading Fast— Better Learn Backgammon It’s the game of the hour in New York, and the fever has struck Washington. Watch the Star for pointers on the game; get yourself a board and start playing. In our Games Depart- ment you will find backgammon boards in a wide variety at Lansburgh’s usual low prices! Folding Set, of fiber board with em- bossed paper covering; complete sl with checkers, dice and dice cups Wood and fiber board folding set; two dice cups, bone dice, and $2 wood checkers Handsome black and red board, bound in embossed, manufactured leather; composition checkers, bone $4 50 dice and 2 dice cups Combination Chess, Checkers and Back- gammon Board, bound in embossed 55 fabricoid Toytown—Fourth Floor