Evening Star Newspaper, October 28, 1931, Page 4

FLECTION SENDS MARKET UPWARD Gilt-Edge Offerings and In- dustrials Boom to Na- tionalist Victory. Outctandmg By the Ax LONDON, Oct of the genera election were isins hange and a gen up of prices of g edge snd War loans were quoted at 99 in e dealings which f an hour fore the officia Dealers and brokers arrived Jong ore 1030 | o'clock, the al % time, and | cheered heartily at the results aiready | announced | in favor t b, i ent " ‘We sha ¥ proceeded 1o t our nbro ! way | government | ce again give y and money shall ret not say wiped ou s of many other 1 g s, the members were pared for such a sweeping tesult ing orders appeared this morning from outsiders and, with practically no sell- ers, prices hardened, especially in to- bacco, chemical and textile shares. Intetnationals participated in upward movement. ‘Tractions quoted at 153, nickels at 13 13, radios, 18 Foreign exchanges responded to bet- ter sentiment on other markets. The dollar jumped to 3.93%. Paris to 99.68 . and Amsterdam to 9.68—all in favor of sterling The chief hope of market men and financial interests generally is that the National government. with a big ma- jority. will restore the confidence of foreigners in sterling. This is consid- ered the main factor tending toward better international dealings Will Reduce Bank Rate. Another step will be the reduction of the bank rate from the 6 per cent fixed when the country departed from the gold standard. The reduc tion, it was expected in exchange cir- | cles, will follow the restoration of foreign confidence and foreign bal- ances here will not be disturbed. In addition to these major events | which financial interests hope for soon, | a number of smaller restrictions are expected to be removed, permitting free dealings in foreign exchange and & resumption of dealings for fortnight- ly accounts on the exchange. —These depend largely on the trend of events | during the next few days or weeks No predictions were made regarding the stabilization of the pound, as this | is considered to be a matter for in- ternational negotiation TRIO RESCUED FROM LONELY ISLAND GLAD T0 REACH CIVILIZATION (Continued From First Page.) the were hydros, M. THOMAS. Le-elected. | | | out canoe and attempted to fish in the ocean with not much success. Their shelter was a rude hut made of trees and tightl® thatched to keep out almost constant heavy rain. The ly 13 miles in circumference. It was once a rendezvous for pirates. They were overjoyed at their rescue. sboat from the Sacramento was get to the beach, and the three men had to swim to it That's the farthest I've swum in 50 years,” Palliser said as he was hauled | om the waves. He is 58, and the old- of the trio. He was reminded of ks When I saw forgot there this be he said, “I was thing as a they were | missed Crusoe browned by “They boarded the Camargo to tbank | U+ S- TO HIRE 176,000 | leischmann for hl'ngn\xfl»;\)(a‘«;\llv mf_.‘:j TO HANDLE MAILS ‘ DURING YULE RUSH he Camargo From Fir SIR JOHN SIMON. Re-elected. tropic sun and wind. N Continuec st Page ue at Balboa Fri- | this employment where most, as was done last masters have te with veterar able needed RESCUE RIVALS MOVIES. been Federal ganization bodies in selecting Flleschmann Yacht Aboard. Finds With Capital Man Thriller thetr One Early vuum, Urged. e 220 v pig s were now p f more food - he tropical sun, on the south beach of the isle. Comdr. Bowdey of the Sac: dispatched a motor launch towing a whale boat to attempt he high sur! necessi- Fleischmann attempted to signal the adven * his boat's searchlig non she | & carries, an an- e the sound Ight Radio for Help g fishing gear and othe The Camargo communicated with | from the wreek of their vessel Rear Admirsl N. E. Irwin, stationed in rnuowm; the rescue the Camargo the Canal district. and he immediately way to Galapagos, | ordered the United artic proceeded on sunboat while the Saciymento turned back. MACDONALD AND SUPPORTERS RAMSAY MACDONALD. Re-elected. —The Florida State Pard terd: pard a THE EVENING STAR. WASHINGTON, OCTOBER 28, D. C. WEDNESDAY, 1931, wuree in Bntlsh Election | | | WIN BY LANDSLIDE. | ARTHUR HENDERSON, Defeated. STANLEY BALDWIN. Re-elected. MALCOLM MACDONALD. Re-elected. DAVID LLOYD GEORGE. Re-elected. |SHAW LOSES HOPE !Playwright Says Country Has | potitical | interests ignorance They a comes to ge financial inte mercy exactly how AS CABINET WINS = | guined for.” he like. The last time success. because they went Quite ma | or two Rushed Into Danger It Tried to Avoid. t week Ireland a crown e dole v things of that k t gs wor be prepared or the moment.” tally sbolish has run observed this morning. danger it was It wasn't a stampede.” the The returns show it for the rest of the going to be any it won't make mu ce because ' A: firmed Aysen The dispatch radio The government be one of financial r press. Riv “The danger. had been los 5:30 PM. of these financial clever { finance. buf hopeiess duffers when it e public finance. These ‘ests are very m o drflmuunrr nn-fi «nr durs the circumstance "Rimisey MacDonald, like 8 sorcerers apprentice. has got more than he bar- s with o chuckle The Conservatives will now imagi for & moment they can do ;gu um ad 8 | of the Zinoviatt as affording a more certain opportunity he first week They might do it again. Must Be Prepared. they might make - Chilean Province Flooded. SANTIAGO, Chile, October 28 (#).— Heavy Spring floods in the province of 1 were reported vesterday in a dis- patch from Magallanes, quoting uncon- messages from Puerto said swollen mountain streams were pouring into the Aysen er and it was feared that some lives expressed in high ference whether actively in politics or BA AL UFF'E'A[S ] % the Ieiter dase.ittiwng duid. b sition would make him nmx ueuunl“:t the conference that If Be Wete active in a British government or its opposition. Some were Inclined to believe that Henderson might voluntarily yesign British Election Results A | from the conference presideficy. Stabilization Ald Seen. The greatly strengthened position of the Natlonalist government as a result of the elections was regarded by officials m'er Watched With Interest | Here, However. to stabilize Britain's financial position Members of the British embassy staft and Sir Ronald Lindsay, the British Am- bassador, closely followed the returns during last night and toda; ‘It is almost unbelievable,” bassy attache said. WILL STORE COTTON 40,000 Tons of Congo Surplus to Be Held by Belgium. an em- By the Associated Press | American officialdom watched with keen but wordless interest the reports today of the overwhelming election vic- tory of the British Nationalist govern- ment. Surprise was manifested by some at the defeat of Arthur Henderson, the| BRUSSELS, October 28 (#)—The Labor leader. It evoked no official com- | plan of the minister of colonies to store ment, but there was some speculation | 40.000 tons of the Belgian Congo's cot- as to how Henderson's defeat would |ton surplus, entailing a credit of $750.- affect his position as president of the 000, was approved by the government forthcoming General Disarmament Con- | yesterday ference. The measure is designed to avert a possible uprising among the natives May Continue Work. | They are said to be discontented with Before the elections, American officials | the low price of cotton which they are the belief that Henderson !forced to grow by Belgian colonial wonld continue as president of the con- officials d do n't hap- 11t116 G Streets, NW End-of-the-Month Specials NAtional 8206 From The Store of GREATER Values Anybody Can Afford a Christmas Is Only 8 Weeks Away! Time to Start Thinking About Gifts ... NOW !} Community Plate There is no gift quite so prac- ) tical and useful as silver. Com- munity Plate is nationally known and is always in good taste. { Come in and see the new pat- terns we are now displaying. CUTLERY DEPT. MAIN FLOOR SIR OSWALD MOSLEY. Defeated. OLIVER BALDWIN. Defeated. ago. Franklin escaped. Recently he left his business in Marydel, Dela., and voluntarily returned to Florida to sur- render to prison authorities. He said his conscience hurt him. Shortly after entering filed application for a pardo Declines to Pardon Murderer. TALLAHASSEE. Fla., October 28 (®). | Board yes- declined to grant a conditional to Benjamin serving sentence for slaying a colored the prison he conditional years Your Reason for Borrowing You may have a brand new reason for borrowing which we have never heard of — but we have no reason mold into which you have to fit. This bank is here to serve people of character who are engaged in the business of trying to get along. Bring your financial problem to us and sex if we cannot help you to iron it out. 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