Evening Star Newspaper, September 26, 1932, Page 13

INSURANCE LOANS SHARPLY REDUCED . Economists See sign of Re- turning Confidence as Borrowings Drop. BY BERNARD S. O'HARA, Associated Press Financial Writez. NEW YORK, Sentember 26.—A sharp Teduction in the month-to-month in- creases in life insurance company loans to policy holders in July is regarded by | insurance officia’s and economists as, an indicati-n of returning confidence and a sign of coming betterment in business. Particularly significant, in the opinion of insurance authorities, is the fact that the July policy loans of 40 leading life insurance companies showed the small est increase since February, 1929, and was but 25 per cent of the gain recorded last January, the peak period cf the year. The July figures are the latest available, but it is believed that the smaller ratio of increase is still in effect. As reported in the survey of current business of the United States Departe ment of Commerce, from statistics sup- plied by the As icen of Life Insur- s} curve of policy loans s the ccurse of the economic depression as graphically as many of the more familiar business indices. In the first nine months of 1929 month-to-month increases ranged from $15,000,000 to $22,000,000, a nor- mal fluctuation. In October, coincident with the collapse of the stock market, the increase jumped to $31,000.000 and in November to $69,000,000, the high- est for any month in the three-year period. In the first quarter of 1930, when general business was holding at a rela- tively high level, the monthly increases in loans ranged from $20,000,000 to $32,000,000, thereafter rising steadily to a peak of $42,000,000 in December. A trend coincident with the sharp de- cline in business in the last three quar- ters of the year. In 1931 the largest increases occur- ged in the final quarter, in which business astivity was at the lowest level of the year. Heavy gains carried into 1932 with a peak of $61,000,000 in January. Succeeding months showed smaller decreases, but the pronounced drop did not come until July, a de- velopment which many insurance inter- ests associate with the turn in the se- curity and commodity markets and the general brightening of the business skies. Baltimore Epecial Dispztch to The Star. BALTIMORE, Md., September 26.— hite potatoes, 100 pounds, 75a95: #aryland and Virginia cobblers, barrel, 1.25a1.50; sweet potatoes, bushel, 30a 60: beans, bushel, 75a1.10; beets, 100, 5 cabbage. bushel,’ 35240; car- caulifower, 'crate. 7581.25; cu- dozen, 6:\1 d : Jettuce, 200 3.00; lima beans, per 100 pou 8521.00; peas, hamper, 20a spinach, 25 canners’ stock, bushl , 45247 ples, bushel, 35a1.00; cantaloupes, er. 20a40; grapes, basket, 30; peaches, ushel, 6522.00; pears, bushel, 1.00a175. Markets. 12a16; Leghorns, Leghorns, 10a 11a13; pigeons, 25a45. Dairy Chickens—You 11al13: old hens, 11; roosters, 8a9: 22a23; nearby uttereiood o fancy, creamery, 18 823: ladles, 13al4; process, 15al6; store packed, 10a1l Hay and Grain. Wheat—No. 2 red Winter, garlicky, spot, domestic. 61'2; September deliv- ery, 611.; October, 617g; cargoes on grade, no_sales. 4 Corn—No 2 yellow, spot, domestic, 441,245; cob corn, 2.00 per barrel. Oats—No. 2 white, domestic, new, as fo weight, 27a30; No. 3, 26a27. R: Nearby, bag lot. 45a50. Hav receipts, none. The market col tinues dull and inactive under genel ally ample receipts, especially of the poorer grades, which are hard to move at any price. Good grades of hay are selling at a range of $11 to $14 per ton, as to grade and kind. Market irregular on everything below No. 3 timothy. New hay beginning to move. Straw—Wheat No. 1, per ton, 8.00a 8.50; oats, No. 1, per ton, 8.00a8.50. Live Stosk Market. 1,000 head: very in-between, inactive d to oversupply; 6.5027.50; medium Western firsts, steers, good to chice, 1o geod. 5.50a6.50; fair to medium, 4.75 a5.50; plain to fair, 4 75, common . 350a4.50; bulls, medium to 2d.00; fair to medium, 2.25a n to fair, 2 IJ;J OD common fresh um to good. 4.50a4.7 4.25a4.50; plain to fair, 31384 25; com- mon to plain, 2.7523.25 good to mum‘ 6003550 comm n to mrd um, 3.00a5.00. s—Receipts, 3,500 head: steady: ., 4.9585.20; medium, 4.40a4.90; heavies, 4.50a5.00; roughs, 3.0024.20; lighit pigs, 4.40a4.80; pigs, 4.70a5.00; best Western hogs 10220 higher than quotaticns. Calves—Receipts, 400 head: steady; calves, good to choice, 4503700 com- mon to medium, 3 )0 LYON PARK WOMEN FORM DEMOCRATIC COMMITTEE DEMOCRATS PLAN BALL Campaign Event to Be Held at Carlton Hotel Friday, October 14. The Young Democrats’ Club will give & campaign b&l‘ at the Carlton Hotel Friday night, October 14, Miss Eleanor Branson and Winfield S. MacGill, chairmen of the Social and Campaign Committees, announced today. Those who will assist in arrange- ments for the ball are Miss Marion Schlesinger, Miss Mildred Battle, Charles Bannegan, William Pates, jr.; Homer Tatum, Miss Crixie Snead, Miss Lyda Mae Francis, Phillip Herrick, Paul R. Klebaugh and Francis B. Taylor, jr. ‘The ball is one of the series of func- tions which will be sponsored by the Young Democrats’ Clubs throughout the country for the assistance of the Democratic victory fund. ALEXANDRIAN HURT BY GUN IN ABDOMEN Youth, 17, Is in Critiecal Condition. Tells Police Shooting Was Accidental. ° By a Staff Correspondent of The Star. ALEXANDRIA, Va., September 26.— Thomas W. Helms, jr., 17, of 600 South Pitt street, is in a serious-condition at the Alexandria Hospital with a bullet wound in his ‘abdomen, sustained, he told police, when an automatic pistol accidentally went off while he was cleaning it yesterday morning. The shooting occurred at 1316 King street, police said. A further investigation of the case is being made by police today. It was at first thought zhe youth was not seriously injured. BAN WILL BE SOUGHT ON BLACK BASS SALE Fight to Be Made in Maryland As- sembly to Conserve Supply of Fish. Special Dispatch to The Star. BALTIMORE, September 26—A strenuous fight will be made in the coming session of the General Assembly to ban the sale of black bass and re- move it from the commercial to the game fish class in an effort to conserve the supply in the streams of the State. Plans for the fight were outlined to the delegates to the convention here last week of the American Fisheries Society by Raymond A. Miller, a mem- ber and delegate from Washington | County to the State Legislature. Mr. Miller, in speaking to the society, cited figures 'to show that in the 10-year period from 1920 to 1930 the number of black bass caught in Maryland de- creased 80 per cent, and declared that unless some legislative action was taken to curb the commercial catching of the species it soon would become extinct. He declared that the bass should be protected from the commercial fisher- men, who, he said, were outnumbered by sportsmen, 500 to 1. BONDS ON THE CURB MARKET. Sulesin = DOMESTIC STOCKS. thousands. ligh, Low, Noon. 15 Aluminum Co 5 b ogi. 9l 8515 """“"'Ovomyg: B 20090 oo THE EVENING STAR, WASHINGTON, D. RAIL MERGER PLA 1S CONSTRUCTIVE Carrier Systems Should Bene- fit by Eastern Trunk Line Combine. BY DR. MAX WINKLER. Special Dispatch to TheStar. NEW YORK, September 26.—Agree- ment by the heads of the Pennsylvania, New York Central, Baltimore & Ohio, and Chesapeake & Ohio, to consolidate under the four-system plan proposed by the Interstate Commerce Commis- sion in July, is regarded as a con- structive development, and should exert a favorable influence upon American transportation systems, hard hit by the economic_crisis. The adjustment of differences aris- ing from the Commerce Commission’s proposal should go a long way toward offsetting the effects of continued un- satisfactory earnings statements by leading carriers, as indicated by re- ports for August and the first eight months for a number of systems. The St. Louis-San Francisco, for -instance. reported for last month a deficit, after charges, of almost 10 times the August, 1931, deficit, while the loss for the first eight months increased from $1,186,300 last year to $7,316,122, a gain of well over 500 per cent. Southern Pacific, whose junior issues were regarded not so long ago as prime investments, also has not been able to escape the consequences of the depres- sion. The road’s income for the first eight months amounted to only $1,- 675,389, a shrinkage of almost 90 per cent, compaged with the same period last year, and well over 93 per cent compared with two years ago. As a result of the amalgamation, each of the four systems should be able to compete more successfully with other forms of transportation, including motor vehicle, pipe line, electric transmission lines and, to a certain extent, Govern- ment supported waterways, which in recent years have cut seriously into railway revenues. Elimination of duplicating facilitles and more economical routing of traffic should find adequate reflection in earn- ings, which, in turn, should have a favorable effect upon prices of securi- ties of the roads affected. (Copyright, 1932, Ly North American News- paper Alliance, Inc.) WOMAN’S CLUB LENDS HOME TO RED CROSS Ashton Heights Group Votes to Donate Use of Building for Winter Months. Special Dispatch to The Star. CLARENDON, Va., September 26— The Woman's Club of Ashton Heights has donated use of its home in Ashton Heights for the Winter months to Ar- lington Chapter, American Red Cross, according to announcement of Mrs. Bertha Kelly, organization. Beginning Wednesday, October 5, all chapter activities will be conducted from the new headquarters. On that date the production group of the chapter will meet there from 9:30 a.m. to 4 p.m. Mrs. Kelly reports that the chapter has been allotted 2,000 yards of cotton material, which will be made into gar- ments for distribution throughout the country to the needy during the Winter months. Individauls or organizations wishing to assist in the making of these garments, Mrs. Kelly states, are asked to communicate with her or any other member of the chapter. The chapter also expects to receive its quota of at an early date. Arlington Chapter will be represented at the regional conference at Freder- icksburg tomorrow by Mrs. Kelly, Mrs. W. W. Seligman, Mrs. Helen Bardwell, Mr. and Mrs. George A. Collier and Mr. chairman of the latter 1and Mrs. E. C. Butterfield Miss Fior- ence Gravitt will represent the Junior Red Cross of the county. ASKS RIGHTS OF WAY GOLD STAR MOTHERS PAY TRIBUTE AT ARLINGTON Honor Unknown Soldier and Mother in Memorial Exercises at National Shrine. At simple ceremonies yesterday in Arlington National Cemetery. more than 100 Gold Star Mothers paid tribute to America’s Unknown Soldier and his mother. A memorial wreath was deposited on the tomb by Mrs. thilda Burling, president of the American Gold Star Mut“!;en of the World, Inc, who pre- side Maj. Gen. Paul B. Malone, com- mander of the 3d Corps area, and Comdr. J. F. Shafroth, representing the Navy, made brief addresses extolling the mothers, and the United States Army Band played. The ceremonies marked the formal observance of Gold Star Mothers' day. Womnn, 110, Dies in Ireland. Mary Lawlor has died at Ros- crea, Ireland, aged 110, Ste had ea- joyed good health until just be{ou her Qeath, and attributed her long plain ‘food, plenty of exercise and e-rly rising. She worked nearly 100 years of her life. Mrs. Lawlor could remember the u(‘iilyl before the candle was in- vented. SCOUT FOUL PLAY - C., MONDAY, SEPTEMBER 26, 1932. IN DISAPPEARANCE . Parents of Strasburg Girl Learn None of Clothes Left Behind. Special Dispatch to The Btar. ‘WINCHESTER, Va., September 26.— Buuuflolu that Miss Indus MacFar- land, 19, daughter of Ernest L. Mac- Farland, Strasburg, may have met with foul play since her disa) rance Au- gust 17 from the home of her cousins, Mr. and Mrs. Henry M. Thomas, Clar- endon, Va., are being discounted by rel- | atives and friends, it was learned today at_Strasburg. Mr, chhrhnd stated he had been told at Clarendon that his dfluzhml ¥ho had been visiting at the Thom: Several wetks, had removed her | c]mmng plece by piece on different occa- | sions from the house, and that when memben of the family searched her after her absence hna excited llnrm, nothing belonging to her was found. ‘When she left the Thomas home the morning of August 17 she said she was going w the some work done on her teeth. The den- | tist said she had not been there that day; in fact, work he had undertaken dentist’s office to have| STATE POLICEMAN DIES AS RESULT OF ACCIDENT, Officer Assigned to Laurel Substa- tion Was Stricken With Pneumonia. By a Staff Correspondent of The Star. LAUREL, Md., September 26.—State Policeman Theodore Moore, 28, assigned to the substation here, died at Mary- land General Hospital early yesterday of pneumonia saild to have been con- tracted as a result of an accident in | Baltimore last Wednesday. Officer Moore Was injured when struck by an automobile and thrown from his motor cycle at North avenue and' Monroe street, Baltimore. E. Ray- mo'rlt!l Warner of Baltimore, was ar- F'lsgs at the suu police substations throughout the the State were at half imm today out of respect to the dead LEE GROUP PLEDGES STATE HIGHWAY AID Sire s Improvement Association Gives Support in Upkeep and Con- struction Work. Special Dispatch to The Star. BURKE, Va., September 26.—The Lee District Improvement Association, meet- ing Saturday night in the community hall, pledged support to the State High- way Commission in its work of upkeep and construction of roads of Lee Dis- trict. The association’s Highway Com- gx;;t:ec ‘xxet;‘mmfg several recommenda- tions covering the northeastern part of The committee recommended that all roads be kept in passable condition, even if new construction is thereby de- layed; that the State should !ougz the general plan of closing gaps between mvel or surface-treated roads beror: It suggested s in Lee district to portant be closed Belle Aire to Donovans Cor- ners, Wakefield clupel road from Mun- sons’ to Guy from top of Rebel H.lll to Pohick road, Guinea road from Dooleys to Stockton’s gate, road from Magners Corners to route 25 by Dr. Brook’s and road from Suydenstricker Chapel to Five Forks. ¥ A—13 The committee further suggested that themduuuwuthmo!mmdu over the R. F. & P. Railroad at Pohick separal State to surface-treat the Ox road from Fairfax Station to the District of Co- lumbia work house. Fol the business meeting, Divi- sion Supt. W. T. Woodson made an ad- dress on problems of the county school system, the modern trend to- ward consolidation and the development of high school centers. The teachers of Lee district were guests of honor, STABBED MAN IMPROVES Wound Said to Have Been ¥n- flicted in Argument. James M. Smith, 25, of the 1100 block of Ninth street, was reported improving in Gallinger Hospital today where he was taken for treatment for a stab wound in the face, said to have been in- flicted during an argument with a man at his home last night. Smith was first treated at Emergency Huspltnl, from where he was removed llinger. His condition was re- borted serious by police. Smith was charged at No. 2 precinct with being drunk and disorderly, after he had re- ceived his injury, Police today were searching for his alleged assailant. FOR AUTOMATIC GAS HEATING PLANTS Lowest price ever seen in Washington FOR SHORT LINE ROADI | West Virginia Commission Seeks Shorter Martinsburg-Shep- herdstown Route. 12 ! Special Dispatch to The Star. MARTINSBURG, W. Va., September 26.—County Court here has been asked by State Road Commissionto procure rights of way from a road from this city to the Jefferson County line for the | first segment of a road connecting this | city and Shepherdstown by a short line | and which, under present plans. will g3 ' | ultimately become a link in a direct 3EEAR 6'Fa $v B e 6Pa Ohio P&L 5705 '5¢ w 5 Phila Elec 5l5s 12 1Biedm’t El 8155 A_'60 1Bsiomac 255 ol o8 BROCT & Gam 3hs 178 No, Ll 4'.< b flI 6 Pub 8 | east-west | northwestern grade west of here and line connecting with the the Maryland highway at Shepherds- town. No contracts for the work will be ad- vertised until rights of way are pro- . | vided or necessary condemnation suits started, it was stated The commission will contract for the work and charge construction to the bond money due this county, The stipu- lation will be made that contractors must use as much hand labor as pos- i | sible as a relief measure. Pauline Knee Is Chairman. Benefit Bridge and “500" Party Planncd. Miss ARK, Va. September 26.— Precinct Democratic Woi an's Committee has been organized, with Miss Pauline Knee as chairman. She will be assisted by Mrs. Margaret Stickley, Miss Anna McGrath, Mrs. Olive Moreland, Miss Jean Kelly and Mrs. W. R. Gould. Plans are under way by the commit- | tee for a beneiit bridge and 500 party | to be held in the headquarters of the county Democratic organization in the | Rees Building, Clarendon, Friday night, | October 7. Launch Drive for $21 500. € Waldor{-Astor 7s '54 1Wash W & Pw 55 '60 98 4 West Penn 55 2030 3 Wes Tex Ut 5s A '57 56% FOREIGN BONDS. 10 Baden Con Mn 7s '51 1Buen Air Prov 7s '52 11 Cent Bk Ger 6s A 152 2Ceni Bk Co 6s B '51 2Chile Mtg Bk 6s 2Com Pr Bk 5%s LYNCHBURG, Va., September 26| (Special) —The Salvition Army here | this week is engaged in a campaign| for $21,500 for support of its work ' during the coming year. Fred Harper, an attorney at law, is chairman of the Advisory Board. Long Airmail Line Proposed ‘The Anglo-Australian Airmail De- partmental Committee of Australia is considering the feasibility of a Mel- n airmail servic The Imperial Ai offered to cxtend their India airmail service to Singapore providing the Aus- trallan authorities will complete the service to their country, 3 Saxon Puh Wk 55 '32 6! 1Stinnes 75 38 xw... The 164-year-old vine at Hampton Ccurt Palace, London, bore 500 bunches of grapes this year, " It is understood that identical orders have been sent to Jefferson County Court to start the machinery for rights (l}‘l;fl:‘ay in that county to complete the ‘ |LIFELONG MONTGOMERY " RESIDENT IS DEAD AT 80 John E. Harmon Succumbs at Home of Son Near Halpine. Funeral Services Today. | Special Dispatch to The Star. HALPINE, Md, September 26.—Fol- lowing an illness of several months, | John E. Harmon, 80, a lifelong resident | of this county, died on Saturday at the Rome of his son, Otis B. Harmon, near ere He is survived by ris widow, Mrs. Margaret E. Harmon, and the following children: Mrs. Henry J. T. Kraft and John W. Darius M. and Otis B. Harmon of this vicinity; Mrs. Nina Lochte of Washington and Roy L. and Fred L. Harmon, both of Chicago. He also leaves a brother, Augustus Harmon, of near here. The funeral will take place this after- noon here The services will be con- ducted by Rev. Frank A. Tyler of the Rockville Methodist Church and burial will be in Rockville ‘Union Cemetery. C. of C. to Meet Tonight. HYATTSVILLE, Md., September 26 (Special) —Gas and telephone. rates, unemployment and other topics will be discuszed at a meeting of the Chamber of Commerce tonight in the Police Court room in the Metropolitan District Building at 8 o'clock. It will be the first meeting following the Summer Tecess. e The public auction at San Sebastian; Spain, of five two-year-old colts and one two-year-old filly, bred and form= erly owned by ex-King Alfonso, reals ized $835. Time is getting short. Cold weather will be here before you know it. Take advantage of this astoundingly low price and get your home in shape to ENJOY this winter and every winter to come. There are only five days left to buy automatic gas heating plants at the lowest price ever offered in Washington, Remember, this price is complete—automatic controls, installation in your furnace, and everything else. You have nothing more to pay. With this automatic gas heating plant you simply set the control at the temperature you like and that temperaure is then maintained automatically, with- out a moment’s work or worry on your parts Gas heat is clean,- quiet, and carefree—and economical, too. for a free estimate of the cost of operation in your home. But call NOW, while this special offer lasts, WASHINGTON GAS LIGHT COMPANY 411 Tenth St. N.W. Dls Call us trict 8500 GEORGETOWN GAS LIGHT COMPANY 1339 Wisconsin Ave. N.W. WEst 0615 MO NTH To Pay at about 15 cents a day