Indianapolis Times, Volume 43, Number 44, Indianapolis, Marion County, 1 July 1931 — Page 7

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GERMANS COUNT ON EXPORTS TO PAY WAR DEBT Reduce Imports Drastically While Forging Ahead for Sales Abroad. Tlit la the third In a aeriei of article* hr Frederick Kuh, United Press manager In Berlin, on present conditions in German?. BY FREDERICK KUH United Press Staff Correspondent BERLIN, July 1. —Fifteen years ago, Germany’s flesh and blood, soldiers marched against the world. Today’ Germany’s toy soldiers, bearing the slogan “Made in Germany,” are marching through the world, seeking the money to pay the German war debt. At the moment when the Hoover moratorium plan to relieve Germany’s burden is still awaiting acceptance from France, thousands of men and women are toiling at high pressure in German factories, producing not so literally the toy soldiers as almost the entire range of manufactured articles used in North and South America, Europe and throughout the world. The driving force behind the workers is the determination to collect enough cash from other nations, through sale of the goods, to pay the debts due those same nations, whether by direct sale or by cutting in on their exports. Imports From U. S. Suffer The Wilhelmstrasse, well-remem-bered from the war days, is guiding this peace-time “big push’’ for trade. At the same time, it has succeeded in transforming the vast influx of merchandise entering Germany into a mere rivulet. That was illustrated during May, When Germany imported goods valued at $11,500,000 from the United States, while exporting goods of equal value to the United States. But two years ago, Germany used to export $15,000,000 worth of products to the United States monthly and Import goods from the United States to the value of from $30,000,000 to $35,000,000. V That shows how Germany is declining as a market for other countries while at the same time putting 'the pressure behind its own sales to .those countries to create a favorable trade balance. Thus Germany , s paying the reparations and serv.ce charges on the Dawes and Young tolan loans entirely out of the propceeds of its active trade balance, ".which is essential in the absence ■pi further foreign loans. German Exports Gain >•? In the midst of the world-wide depression, Germany has succeeded Jn increasing its 10.3 per cent share of the world’s exports to 12.4 in ’*1930 and keeping if not enlarging its proportion so far this year. ,>* A big favorable trade balance hwas achieved by the Bruening govTernment throttling imports and limiting purchases abroad to the unavoidable minimum. < The collapse of world prices for : traw materials, and to a lesser extent for foodstuffs, has enabled nuge economies on imported goods. Germany’s factories are kept going at a low price for raw materials, and with the wage reductions which have been put into effect, make her a formidable competitor in the world’s export markets. Figures Show Increase The way Germany’s trade balance has been built up is graphically illustrated by the figures, which show that except for 1926 and 1929 when the export surplus was 400,000 marks and 300,000 marks respectively, all the German trade balances for the first eleven postwar years were unfavorable —in 1927 the surplus of imports over exports even reached 3,500,000,000 marks ($833,000,000). The turning point was marked in 1930 when exports—for the first time surpassing Great Britain’s—exceeded imports by 1,695,000,000 marks ($403,410,000.) That record Germany is likely to outdistance in 1931. as in the first five months the surplus of exports over Imports was 6,400,000,000 marks, against 5,650,000,000 in 1930. How the slump in world prices proves a vast advantage to Germany is shown in the fact that imports of raw materials for the first five months of this year were 28.1 per cent less in quantity, but 35 per cent less in value than for the •corresponding five months of 1930. Imports Slashed Compared with 1927, the value of commodities imported by Germany in 1931, were lower as fallows: Cotton wool, 40 per cent; yarn, 60; timber, 30; ore, 20; base metals, 40. Similarly, besides importing a much smaller quantity of foodstuffs, cereals and finished articles, Germany also is able to pay far lower prices than heretofore for those imports. The drop of such imports is shown in the volume of wheat imported, which is only one-fourth of that Imported in 1927. Thursday’s article deals with the depression in German agriculture and shipping).

CNBBDEJtMICD Railroad Watohea ,^ * LIKE JfEW Oywiar* $27.50 | *>ii"s6*SK3. Established W Tears sat-su wb?|,s*£® nro tow st. immmm I "' ' '•*>A**<N rfSW-ESSifflS

Radio Dial Twisters STATIONS OF THE NATIONAL BROADCASTING COMPANY WEAF Network ~ WJZ Network KDKA 080 I KTHS 1040 WCFL 070 WGN 720 WJZ 760 WSAI 1220 CKGW 690 i KVOO U*o WCKY 1490 WGT 700 WLS 870 WSB 740 KOA 880 I KWK 1350 WDAF 610 WBAS 820 WLW 700 WSM 050 fPRC no I KYW 1020 WEAF 600 WHO 1000 WOC 1000 WTAM 1070 8D 550 I WBAL 1430 WF.NR 878 WIBO 500 WOW 590 WTIC 1000 KSTP 1400 I WBAP 800 WFAA 880 I WJE 750 WRVA 1110 WWJ 980 STATIONS OF THE COLUMBIA BROADCASTING SYSTEM WABC 000 | WBBM 770 I WKRC 550 I WOWO 1100 (WCCO 010 I KOIL 1260 WPG 1100 ! WMAQ 670 I WJAtJ 640 l WFIW 040 I CKAC 780 CFRB 960 WBT 1080 I WJJD 1130 I HELD 1040 I WFBM 1230 I WLAC 1470 I KMOX 1000

P. M CBS—Three Doctors. NBC (WEAF)—Bobby Jones, golf chat. —6:15 p. areas—Barbasol auartet. WBBM (770)—Mike and Herman. NBC (WEAF)—Mae Questel. P. M.— CBS—Symphonic interlude. NBC (WEAF)—Moblloll concert. WJR (760)—Bernle’a orchestra. —6:48 P. M—CBS—Gloom Chasers. WJR (750i—Feature. WMAQ (670)—Daily news feature. —7 P. M.— CBS Gold Medal Fast Freight. WBBM (770)—Charlie Harap. NBC (WEAF)—Halsey Stuart program. WGN (720)—Burtnett’s orchestra: Other Days. WJR (760) —Bankable boys. NBC (WJZ)—The First Nlghter. —7:W P. M.— WJR (750)—Household entertainers. —7:80 P. M.— KYW (1020)—McCoy’a orchestra. CBS—Arabesaue. WBBM (770)—Get Together Party. WENR (870) Hawaiian melodies. NBC (WEAF) Palmolive concert. NBC (WJZ)—Goldman band. WMAQ (670)—Musical program. —8 P. M.— KYW (1020)—Paul Whiteman's orchestra. CBS —Rhythm choristers.

WFBM (1230) Indianapolis (IndianapoUa Power and Light Company) WEDNESDAY P. M. 6:30 —Evangeline Adams (CBS). s:4s—Dinner ensemble. 6:ls—Barbasol Ben (CBS). 6:3o—Symphonic interlude (CBS). 6:4s—Tastyeast Jesters (CBS). _ , 7:00—Gold Medal Fast Freight (CBS). 7:30 —Arabesaue (CBS). B:oo—Rhythm Choristers (CBS). B:3o—Hernandez Brothers (CBS). B:4s—Connie Boswell (CBS). , 9:00—Golf talk by Tommy Armour (CBS). 9:15 —Arthur Pryor’s band (CBSi. 9:30 —Camel quarter hour (CBS). 9:4s—Biltmore orchestra (CBS). 10:00—Llovd Huntley's orchestra (CBS). 10:30—The Columnist. 10:45 —Nocturne (CBS). 11:00 —AtoD the Indiana roof. WKBF (1400) Indianapolis (Indianapolis Broadcasting. Inc.) WEDNESDAY P. M. 4:4s—News flashes. s:ls—The Home-Towner. s:2s—Crazy Crystal man, s:3o—Gloom Chasers. 5:58 —Baseball results. 6:oo—Revellers. 6:4s—Try and Stump Us. 7:oo—Health talk. 7:ls—Soloist. 7:30 —Book review. 7:4s—Btudio orchestra. B:oo—Bohemian Nights. B:3o—Studio orchestra. 8:45 —Concert trio. 9:oo—Hadorff Hour. 9:30 —Dauner trio. 9:4s—Stylist. 10:00— Speed Webb’s orchestra. 10:30— Sign off. WLW (700) Cincinnati WEDNESDAY P. M. 4:oo— Afternoon Revelers. 4:3o—Bradley Kincaid. 4:44—Time. 4:4s—Lowell Thoms (NBC). s:oo—Amos 'n' Andy (NBC). S:IS—WLW Highlights. s:3o—Phil Cook (NBC). s:4s—Believe It or Not; Ripley (NBC). 6:oo—Baseball Scores. 6:os—Mills Brothers auartet. 6:ls—Announced. . . , 6:3o—Jack Frost’s Melody Moments (NBC). _ _ 7:oo—The Buddy Boys. 7:3o—Goldman band concerts (NBC). B:3o—Canova Coffee hour. 9.oo —Castle Farm orchestra. 9:3o—Variety, . .. _ 9:45 —Bob Newhall. 10:00 —Weather. 10:02—Night Songs. 10.30—Crosley theater. 11:00—Hotel Gibson orchestra. 12:30—Henry Busse's orchestra. 12:00—Ralph Bennett’s orchestra. A. M. 12:30—sign oft.

Day Programs

WFBM (1230) Indianapolis (IndUnSDOlls I’nv-rr and Ulht CmWBJ) THURSDAY A. M. 7:30 —Records. 9.oo—Aunt Sammy. 10.00—Don Bigelow's orchestra (CBS). 10:15 to 12:00—Silent. P. M. 12:00—Farm Network (CBS). 1:00—Salon orchestra (CBS). I:3o—Three Doctors (CBS). I:4s—Ben and Helen (CBS). 2:oo—Talk. 2:05 —Melody magic (CBS). 2:30 —Two Thirty Tunes. 3:00 to 5:30 —Silent. WKBF (1400) Indianapolis (Indianapolis Broadcasting. Inc.) THURSDAY— A. M. 6:3o—Wake-Up band program. 6:4s —church federation morning worship. 7:oo—The Musical Clock. B:oo—Breakfast Club. 9:3o—Melody Man. 9:so—Cooking Chat. 10:00—Style Service. 10:05—Smiling Ed McConnell. 10:20—Reducing facts. 11:00 —Crystal Studio. P. M. 12:15—Farm program. 12:30—Livestock market reports. 12:35—Butter and egg quotations. 12:45—Marott trio. I:oo—Silent. The Price of Safety $3 a Year and Up Protect your valuables against loss by renting a Safe Deposit Box. AETNA Trutt & Savings Cos. 23 No. Penn. St. Now on Sale Catalina Bathing Suita Models for Men and Women VONNEGUrS Now 3 Stores 190 E. Washington St. 1118 Prospect St. 5534 E. Washington St. “The Strong Old Bank of Indiana” The Indiana National Bank of Indianapolis EXPERT TRUSS FITTING AT 121 W. WASH. ST. BTOBI A Mamina) Sapportw ani Shoulder Braces HAAG'S CUT-PRICE DRUGS

Men’s and Women’s CLOTHING ON EASY CREDIT ASK;N & MARINE CO. I''7 W. Wj'hinttnn s*

WEDNESDAY WENR (870)—WENR minstrels. —8:15 P. M.— WBBM (770)—Romance of the Thorobreds. —8:30 P. M.— WENR (870)—Roads of Romance. NBC (WEAF)—Coca Cola program. WBBM (770)—Olsen’s orchestra. NBC (WJZ) —Clara. Lu and Em. —8:45 P. M.— CBS—Connie Boswell. WGN (720)—Two pianos. WJR (750) —Variety orchestra. WMAQ (670)—Mark and Germaine. —0 P. M KDKA (980)—Sports; Joy’s orchestra. KYW (1020'—Sports. CBS—Golf talk. Tommy Armour. WGN (720) Tomorrow’s Tribune. Amos ’n’ And? (NBC) WDAF. WENR. KTHS. —0:15 P. M.— KTHS (1040)—Arlington orchestra. CBS—Pryor's band. NBC (WEAF) —Lopez orchestra. NBC 'WEN Rr- Lowell Thomas. —0:30 P. M.— KYW (1020)—Canton orchestra. CBS—Camel quarter hour. WON (720)—Wayne King’s orchestra. WGY (790)—Jack Miles orchestra. WMAQ (670)—Dan and Sylvia. —9:45 P. M.— CBS—Lown’s orchestra.

WLW (700) Cincinnati THURSDAY A. M. i;29Z?]^ natlonßl Gym classes. 6:s9—Time. P ’ Dro * ram <NBC). • 7:oo—Morning devotions. v'ifc~?/ ad . iev Kincaid. 7:44^Timef° mery Ward Dro * ram <NBC). gems. .i2~§ av . perkins (NBC). 8.15-Beatrlce Mabie (NBC). 9 : 4o—Jim and Walt, 10-i? ££?ft Vene w an Three. 10:3<twLW s D tar^ am (NBC) ’ —S, iver reports. —Time si snals. —2, rKan Program. 11:15—Time. G , lbson orchestra. JJ-59 —Livestock reports. 12 Noo ”j^g^, a ) tlonal farm and home period P. M. iiilfcasr'a* ° rch '“'*- i ; 4lt™n C w?i Ko % enad (NBC), Hx~£ d ” a Wallace Hopper (NBC), decorations (NBC). —Weather forecast. 2i30:-pfan^?o?os reVe!erS * liooZJta^and^lt®”^ 6 * 8 * (NBCK Melody (NBC). 3.3o—Livestock reports. 3:4o—Crosley singers. City Suit Dismissed ANDERSON, Ind., July 1. A suit in which the city of Anderson sought to recover $1,854 in interest which Miss Marcia H. Barton, treasurer, retained for herself when the Barrett law department was transferred from the court house to the city hall, has been dismissed in Madison circuit court.

Footwear for the Fourth if Authentic Styles Excellent Workmanship White Kids in straps, 'wN, pumps, plain and U trimmed. Sport Oxfords . plain or trimmed, for the vacation; a variety of S^ styles. Suva Cloth , just new and a favorite alAik ready, that introduces anew meaning of foot coolness. \ Natural Linens in E Pumps, Ties, Straps. A to D Open Friday 3 to 9 jj/ Until 9 P. M.

WTHS (1040)—Barn dance. WMAQ (670)—Via Lago orchestra (3H hours). —lO P. M KYW (1020)—Paul Whiteman’s orchestra. CBS—Hollywood Gardens. WDAF (610) —Dance music (l*/ hours). NBC (WEAF) —The Continentals. WGN (720)—Herbie Kay’s orchestra. NBC (WJZ)—Henry’s orchestra. —10:05 P. M KSTP (1460) —Sports; Hungry Five. —10:15 P. M.— WTMJ (620) —Dance program. —10:30 P. M.— KYW (1020)—McCoy’s orchestra. WBBM (770)—Around the town. WGY (790) —Eqyptian Serenaders. NBC (WJZ)—Pollack’s orchestra. —ll P. M.— KYW (1020) —Russo's and Congress orchestra.s WBAP (800)—Casino Park orchestra. WGN (720)—Burtnett’s orchestra; Donahue’s orchestra. —11:30 P. M.— WENR (870) —Merry Garden orchestra. —11:45 P. M.— WDAF (610) Nighthawk frolic; —l2 P. M WCOO (810)—Organist. —12:30 A. M.— WTMJ (620)—Night Watchman.

; THE INDIANAPOLIS TIMES

FARM BOARD'S WHEAT POLICY IS REVAMPED ) Modification Not Result of Hoover Pressure, Says Stone. By United Pret* WASHINGTON, July 1. The federal farm board, whose wheat policy has been assailed in many quarters, will not withdraw frc#.i domestic or world markets, but will limit its domestic sales of government-owned wheat to 5,000,000 bushels a month during the year beginning today. This modification of policy, announced Tuesday night, was a response to President Hoover’s suggestion that the board clarify its position. It represented some deviations from the principles the board hitherto has followed, but it carried a refusal to accede to the wishes of the grain trade and others, including Vice-President Curtis, who wanted the board’s surplus held completely off the market while the 1931 crop is being sold. Chairman James Clifton Stone said that the board had not yielded to political pressure from the White House or elsewhere. The statement was issued at 9 p m. after numerous conferences and consultations, including a visit by Stone to the White House. “The board is convinced,” the statement said, “that this method will establish a free market, which any fixed price would interfere with, and will distinctly improve the situation by the knowledge that the present holdings will be disposed of slowly and thus systematically clearing up the position for the future.”

ESCORTED TOURS TO HEW YORK Including Niagara Falla and Taranto July 18 and August 15 $90.08 w - Includes round trip railroad and Pullman transportation; rooms with bath at ali hotels; complete sightseeing program; all meals (except luncheons and dinners in New York); transfer of passengers and hand baggage. 8 Glorious Days Complete details at City Ticket office, 112 Monument Circle, phone Riley 3322, and Union Station. Big Four Route

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