Evening Star Newspaper, March 17, 1933, Page 14

THE EVENING STAR, WASHINGTON, D. C., FRIDAY, MARCH 17, 1933. ESRILL UANLIELE | OLD DOMINION MILLS |6 e doe tnmit, Lansburghs A—14 \, LARGE INVESTMENT \DEMAND DEVELOPS Ylic Confidence in Securi- \s Has Apparently Been Revived. tem.” From these opinions it is evident that the seed of inflation has been sown and that, whether this will be moderate or violent, depends upon the degree to which it is controlled or automatically cpposed as the hoarded funds again become visible. The demand for the new emergency currency now represented in Federal Reserve bank notes grew out of the insufficiency for public use of the out- standing Federal Reserve notes and the large amount of gold coin and gold cer- tificates hcarded. This condition is steadily being corrected. In a little over a week the Federal Reserve Bank of New York alone has had returned to it between $175,000,000 and $200,- 000,000 in gold and gold certificates. has released, for the first time since 1929, funds that had been put aside to be invested when the situation Anally seemed to have reached a point where permanent recovery would begin. It is this that the markets have responded to in the first stages of their reopen- ing coincident with resumption of normal banking conditions. So, if there is an element of inflation pres- ent it is of secon importance in fashioning the opifion of those who speculate or of those who invest. that the credit of the Glovernment is Industries in Shenandoah Valley now assured and that there need be no further anxiety on this score. This Recall Workers in Large Num- bers as Plants Reopen. PARTY TO BE BENEFIT John Burroughs Center Seeks Fund has brought tles and commodities amd confidence RESUME OPERATIONS for Athletic Plans. NO CONNECTION WITH ANY OTHER WASHINGTON STORE T™,8™ and E Special Dispatch to The Star. WINCHESTER, Va., March 17.—The stimulating effect on business, following the administration’s quick handling of orrow evening in the John Bostly Tew T NE\atch to The Star. tion oPRK, March 17.—The ques- It is estimated that over $300,000,000 in gold has come out of hiding over the country and has gcne back into the banks.” This would be an amount suffi- cient to maintain $750,000,000 of addi- ticnal circulation on the basis of the legal rcserve requirements of 40 per (Copyright. 1933.) MEDAL IS PRESENTED the financial crisis, is being reflected in the resumption of work in numbers of industries in the Shenandoah Valley. .| Several plants that had shut down here when bank holidays were declared re- opened today. School to raise funds for organization in the neighborhood of a boys’ group with activities along athletic and educational lines. The group would be conducted under What a break! . . We’ve secured another hundred! . . to make 8ilkk mills in several nearby towns were resuming with full forces, and other factories were to reopen next Mechanical Engineers’ Society Honors H. B. Binnse. A. A. Potter, president of the Ameri- can Society of Mechanical Engineers, spoke on “The Relation of the Engineer to Present-day Problems,” at a luncheon meeting of the Washington section of the society at the University Club yes- terday. Mr. Potter presented a medal to H. B. emergency _currency should diminish gagfi:: ’5'6“’;;13' 2:{:&2%;‘“& m steadily as the banks throughout the |society. | United States begin to functicn in a = e normal manner and the confidence of | [ the public in its financial institutions | | expands. ‘The almost universal testi- | | mony of bankers is that, instead of facing the anticipated drain on their resources, they have experienced an | in your neighborhood who offers telephone shopping service for your convenience. You'll find increase in their deposits. There has him listed in the Classi- | been a striking reversal in the emotions of the public from fear to exhilaration; Red Telephone Directory under the heading “'Gro- from a suspicion of all banks to & cery Business, Retell.” we now je country is: “Does what ties and A the markets for securi- have enteynmodities mean that we | ? on a period of infla- i lu}‘}:%lsinm\';‘e dily be interpreted as ment in comhe pronounced move- commoditics Astocks and in those | trading have Byhich restrictions in for the fact \emoved, were it not equally violent\ there have been Classes of fixegs in nearly all| orthodderest obligations | konings, should supervision of the Community Center Department. cent gold for Federal Reserve notes. The inward movement of gcld has not by any means ended, while the effort to restore Federal Reserve notes that have been hoarded has only just begun and will be recognized in the next state- ments issued by the Federal Reserve banks of the country. Investment Demand Revived. The need, therefore, for additional men our asked by Wall Street ness ;,&%e representing the busi-| more acquaintances for “Latlsbrook” Suits For Men . . . and instead of their regular higher price that, by have declined 4 The strengt corporation bonds & highest-grade Government, obligag Urited States much a feature of t\has been as in the junior shar associated with com: enced by technical From this standpoint garding flation ma; negatively. Inflation Seed S When Great Britain wen in September, 193\he gold NEW CENTER OF NEW YORK conditions. estion re: answered greater confidence in those that have been permitted to reopen than at any time in the recent past. Along with this there has come a @ The important social and business world of New York revolves around The Waldorf- Astoria. Theatres and Times Square are a few we again offer them at $16'75 and at $16.75 they’re the grandest suit “buys” we’ve seen in many years— bonds had an equally In other parts of the world cll(f}l;" ftense Minute Mysteries “equitie: —_—— gations p: Solution to ment so far in this country, then- MURDEE 1N THE LULU has been unique. Although ‘our BELL BA tary conditions have not been pal (See Page A-3) to those abroad, there has been & ) X sciousness on the part of the pul Fordney suspicioned “Trigger that tendencies were developing th| Tabor. The Mexican was stabbed might gradually lead to inflation AFTER the lights went out, yet The other day, for instance, Speake) 00 meeting Fordney, Tabor said, Rainey of the House stated that the\"That damn Mexican, Castell- emergency banking act just pasced pro- PRO’S been stabbed in the back! vided for “a control of inflaticn which [\ Had he not possessed gullty may possibly reach $11,000,000,000 of |{owledge he could not have new currency not secured by gold, but | “YO¥R this. Tabor swung for the by other securities, the assets of the L l minutes, walking or riding. Wall Street, only fifteen minutes. Fifth Avenue shops, a few blocks away. Central Park, churches, and clubs » «. all within this important circle . . . of which . The Waldorf-Astoria is the center. 1933 rates. He Invites You to Call Him THE WALDORF-ASTORIA PARK AVENUE « 49TH TO 50TH STS « NEW YORK The Chesapeake and Potomac Telephone Company ME tropolitan 9900 banks.” Earlier Senator Glass, while RE, WHERE FOR SHELTER debating this measure, said that it HALL THE QUILTY FLY, “broadens, in a degree that is almost CONSTERNATION shocking to me, the currency and credit | facilities cf the Federal Reserve Sys- | A. S.3ECK REDUCES PRIEE TO *3.50 “Lansbrook” suits are sold exclu- sively at LANSBURGH’S in Washington . . . tailored of fine woolens in the new Spring colors and patterns. Single or double breasted. Sizes for all men. and, Mr. Prepster, your new shop offers “Lansbrook-Hi” Suits 2-Pairs “Longies” or Knickers—and FASHION EDITORS AND STYkTs AMAZED AT HAND-TURNED SHrg AT*3.50 " X STAR OF R. K.0.’S “KING KONG™* says : “You've made ravishing copies of my expensive shoes. | can't tell the differ- ence. Youdon'treally sell them for $3.50 do you? It's almost unbelievable.” the price is only $12.95 They’re designed by expert styl- ists who specialize in correct wear for “hi” and college men. Tailored with the same exactness that goes into our men’s Lansbrook suits; Spring woolens in mixtures and blues. Long trouser suits in sizes 14 to 22; knicker suits, 9 to 18. % They came, they saw, they enth i Hollywood's smartest women, | i York's famous stylists, leading Fa ion editors, keen leather men ai i judges of shoe quclity... All we i present at A. S. Beck's private ‘ Spring pre-view. ALICE HUGHES A.S. ?e:k s new shoes were every- where, jauntily worn by pretty mod- els, grouped on tables, cut apart to show every inch of detail. The 250 new Spring styles were applauded. The new low price praised in won- derment at the value. The bewilder- ing variety of leathers, materials, colors—the hand-made turn fea- tures won many wonderful com- ments. Let some of them tell you in their own words. Thanks, Fay Wray, these are enthusiastic words, coming from one of the stars who sets the styles.Yes, A.S. Beck shoes are only $3.50, and they're all hand-turned. % Now featured inRadio City Roxy Theatre // Here’s a long-wearing shirt— It has been to the laundry 87 times Aerocrat”’ Shirt Made of Genuine Flightex Fabric * ALICE HUGHES (from her N.Y. World-Tel- egram Style Column).”They are truly faith- ful copies of H3llywood, Paris and New York's smartest and costliest shoes; | no- tice, too, they are hand-turned. You can be proud of their style and value!” GENUINE DIAMOND PYTHON All A, S. Beck Shoes are made by the expensive Hand-turning method except welts and extreme Sandal types. OnlyA.S. Beck's 100 stores, 7 factories, four million customers make this new low price and greater value possible. Visit an A. S. Beck store today. A LEATHER EXPERT (name on requesi) “The tremendous value and fine quality in A. S.Beck’s shoes is no secret fo me. | know, because I sell you the exact, ex- pensive leathers “used in high-priced shoes... And sell it to you for less—be- cause you buy in such huge quantities!" SALE! CHIFFON HOSE TESTED *1 VALUE FULL FASHIONED 39¢ Every pair guaranteed first- quality. A.S. BECK 1315 F°STREET Nearby Stores: WILMINGTON ¢ PHILADELPHIA—4 Stotes ® BALTIMORE. genume whtonsuase it sLuE ki STORES THRCUGHOUT THE EAST AND MIDDLE WEST 4 FINER QUALITY TO-DAY THAN FORMERLY A KAY DANIELS (stylist N.Y. Eve. Journal) “There are styles enough to delight every woman. And at your new low price, they bring marvelous value within reach of every purse. ) “How you lowered your already {owprice,andimproved materials and workmanship is a marvelous story of success and service.” FAY WRAY wears a Corsair blue kid opera with her new spring suit. (Ask for style 7157) No epic of the air is more thrilling than “Flightex's” history! It covers the wings of 80% of the air planes of the country—the original fab- ric placed on “The Spirit of St. Louis” is still there! It is strong enough to resist rain, sleet and wind, yet light as a zephyr . nd thus ideal for handcome, soft shirts. Blue, tan, grey, green in m}i" attached styles; neckband style in white. 1410 17. STREET FLOOR—LANSBURGH'S g FUGHTEX PFABRIC An “Aerocrat” Shirt was laundered 87 times—and came back “smiling.” e————————————