davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-14
CORN PRICES FALL; OATS
AND PROVISIONS DECLINE

CHICAGO. September 13.-Unexpect-
ed enlargement of the government es-
innate of the 1919 domestic yield of
corn had an intensely bearish effect
on corn this week, and SO too, did
the steel workers strike ultimatum
Compared with a week ago, corn
prices this morning showed a fall
of SIS cents to II cents; oats were
down rs cents to 2% cents and pro-
visions off As cents to S4.05.
Both the government crop estimate
and the steel workers ultimatum took
the corn trade by surprise. Private
advices had given no indication that
change from the official forecast is
sued on August l regarding the corn
crop. Notice therefore that 100000
bushels increase was probable led to
rush to sell corn. Industrial unrest
later became the dominating factor,
with attention first centered on
chances of a nationwide strike of
stockyard and packing house en-
ployeS. Then came the steel workers
ultimatum and. with other strike dis
turbances recurring, discouraged
holders were forced to liquidate on
nearly constant decline in values.
Oats sympathiZed with the weakness
of corn Notwithstanding that the gov
eminent crop report as to oats favored
the bulls.
Talk of export business with Ger
! many failed to uphold provisions in
the face of downturnS in the price of
hogs and grain.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-14

Logan & Bryon-The conspicuous
feature Of late has been the disin-
clination of outsiders to follow ad-
vances with purchases, which, taken
in conjunction with the sharp con-
traction that has occurred in the
short interest, places the market in a
much weaker position than prevailed
while ago. Labor developments
will no doubt dictate the immediate
trend Of prices.
Josephthal & Co.-Specialist in
Baldwin locomotive, refuses to take
Moler-MacCartney says they have
story that solution of the steel
strike will be announced early next
direction. Pynchon sold 1000 United
States Steel.
Morse-The market is in a position
to improve when opportunity offers.
but it is held in restraint by the
great uncertainties of the present sit
Gompers will be able to control the
Boston situation and the steel crisis
within reasonable bounds, but with
Mr.. Wilson every day voicing some
new strange sentiment one cannot
wonder that labor is out of control
A prudent man will will go over Sun
day with only such stocks as he can
protect in crisis. Very often a sit
uation like this clears up suddenly.
for which reason short selling should
also be on conservative scale; but
one must admit that the reasons for
buying are not now either numerous
or impressive. Many industries would
suffer seriously in a prolonged steel
strike. and the federal government, as
sponsor for the railroads, would be
greatly concerned
There are indications of larger Of
ferings in the copper group. Present
prices of these stocks have discounted
a lot of Improvement in the trade.
E. X. Pulsifer-Sentiment, however,
continues conservative in the most
influential quarters owing to the con-
tinued uncertainty over the labor
situation, foreign exchange conditions
and the long delay ahead before the
peace treaty can be passed.
A trading policy on the day to day
events for only moderate profit con-
tinues to be suggested as the most
advisable one to pursue until the gen.
eral situation and outlook becomes
more reassuring for more than spas
modic bull movements in special
groups of stocks. The third quarter
ly payment is due Monday on income
taxes and heavy Withdrawals have
recently been made from the banks
in meeting these payments.
The Treasury Department has also
withdrawn considerable of its de-
posits, thereby suggesting the prob
ability of somewhat tighter local cal
money market conditions for Monday
and Tuesday.
Henry Clews & Co.-The financial
situation is much confused by the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-14
DAIRY MARKETS.

NEW YORK, September 13.-Butter-
Firm; receipts, 11,742 tubs, Creamery
higher than extras, 5Sa5SA;' extras (S2-
score), 571k; firsts. 52a57: packing stock.
current make, No. 2, 441sa45.
Eggs-Irregular; receipts. 27,458 cases.
Fresh gathered extras. s5a5s: DO DO extra
PENNSYLVANIA and nearby western hen
nery. white. fine to fancy. r., 7aa75; state.
white, ordinary to prime, 69a72; do.
brown, 62a66; do, gathered brown and
mixed colors. 55a57.
Cheese--Weak; receipts. 5.S25 boxes.
State, whole milk flats. current make
specials. 31a31h; do. average run. 30a
30k: state, whole milk twins. current
make. specials. 3o1Aas1; do. average
run. 291sa30.
steady and unchanged.
CHICAGO, September 13.-Butter I'M
settled; creamery, 47a55. Eggs higher;
receipts, s,143 cases: firsts~ 441sa45H
ordinary firsts, 3sa4Oh; at bark. cases
included, 39a401s; storage-pfked firsts.
46a4611. Poultry, alive, low r.; springs.
Is: fowls, 24a2a.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-14

Natal is expected to break its sugar.
producing record this year with an
output exceeding 100000 tons.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-14
BY l. A. FLEMING.

Bankers very generally uphold the
contention of Commissioner Gardiner
that the physical valuations of 1914
should not be taken as a basis OF
rate making today. but rather that
conditions now existent should be the
basis, basis on present-day rates.
being the desired information.
Congress is the dominating power
In this District. supreme SO long as
its action is constitutional and not
challenged by the executive of the
nation.
No one has questioned its action
In the matter of approval of certain
positive action in connection with the
affairs of the two street railway sys-
TENS of the city, but the major mem
bers of the Public Utility Commits
sion. What action the courts Will
take on the same matter, should it
be brought before them for action,
should not be very hard to judge.
1t is to the interest of all WASH
angton to have the present unfaVora-
BILE situation ended at the earliest
possible moment, and so far there
seems to be but one real vehicle, and
that a merge of the systems.
Now that it has passed upon the
valuations, the Public Utility Com
mission might hold a few confer
ences with a view of aiding the pro-
posed merger, or with suggestions to
Congress concerning the needs of the
city in this line.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-14
LATEST WALL STREET GOSSIP.
combination of new and great un
certainties. While there is ever

combination of new and great I'M
certainties. While there is every
reason to hope regarding the
future, the present is crowded with
difficulties demanding ability. courage
and patience for solution. These prob
lens primarily depend upon ratifica-
ton of the peace treaty. the labor
problem, cost of living, the railroad
question, the course OF foreign ex-
change and the development of our
export .-ade. Because of these ten
denotes md the serious unrest created
by war, none of these questions can
be solved in the easy ways of old;
and new trails have to be blazed and
new methods adopted If we are to ad-
vance in the great work OF world
reconstruction. a large share of which
inevitably falls upon the United
States. There is just one other dis
turbing element entering into the
situation, and that is politics; for it
must be remembered that we are ap
preaching a presidential election, and
many of the new issues afford excel
lent campaign material for those
with political ambitions. Neverthe-
less, every energy should be bent to-
ward a single end-that of setting the
world in order and fastening re-
adjustment to sound conditions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-14
Little Relief for Rails Seen.

Rails were dull to the point of stag
nation. Indifferent earnings and dis
cussion regarding latest phases of
federal legislation offering little en-
provement in the transportation sit
uation.
Foreign exchange assumes a more
critical aspect from the further col
lapse of rates to former enemy coun-
tries, especially Germany.
Call loans hardened on the with
drawal of funds by interior institu-
lions, but the supply of time money
increased Slightly at 6 per cent.
although offerings were limited
to the shorter maturities.
Highest prices of the week were
made in the course of today's short
but animated session of the stock
market. extensive buying and con-
siderable short covering accompany
ing the more encouraging labor out
look
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-14
MARKET F|RMER,
EXCEPT u. S. STEEL
Labor Uncertainties and Re-
cess CurtaiI Operations
in Past Week.
HIGH PRICES YESTERDAY

NEW YORK, September BIN
creasing uncertainties in the labor
situation and the midweek recess
combined to curtail operations in the
stock market. but price tendencies
were firmer and in several note
worthy instances materially higher
United States Steel was the one
outstanding exception in the active
list, rejecting the tense conditions
created by the controversy with the
organized steel workers, but affiliated
shares displayed firm to strong tone.
A large proportion of the trading CEN
tered in equipments and oils, the
former scoring substantial advance
on reports indicating the early plac-
ing of large contracts for railroad
supplies. while the latter owed their
strength to good earnings and in
creased use Of raw and refined prod
uctS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-14
Liberty Investment Co.
Phone Main 1889
92O F Street NV.
Open daily $3.50 am. to $3.50 On

The Books of the Washington In.
surance Company of the District of
Columbia, incorporated under the
laws of the District of Columbia for
100000 August u, 1919, will be
opened for subscriptions of stock at
the East Washington Savings Bank,
BIZ Pa. Ave. Sc, Monday, Septem-
Der Is, 1919, and thereafter from 9
am. to 3 pm. Par value, SO per
share and 81 per share for surplus
fund.
OFFICERS AND DIRECTORS
OFFICERS
President, GEO. r.. REPET'TI.
Real Estate
list Vice Pres, JOHN c. YOST,
President e. Wash. Savings Bank
I'd Vice Pres, JAMES A. DONOHOE.
President DOnohoe Motor Co.
Attorney, WALTER H. NARROW, Jr.
TRUSTEES
Geo. r. Repetti, Lewis Flemer, Morris
E. MARROW, Joseph A. Herbert, Jr.,
Maurice Otterbnck. Guy II. Stewart,
Hubert Newsom, Alex. Mckenzie, w.
Il. Malone, Clarence F. DOnOhOe. Mi
chael A. Weller, Charles A. Carry,
Louis HartiE.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-09-14

Three Fine Bank Buildings.
EEa srs three me practically new
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-07-28
LETTERS WERE
CONFIDENTIAL
Ex-Presient Taft Does Not Care I,
Know How They Became public,
Against His
Desire.

[ United Press Leased Wire Service l
NEW YORK, July 2S-Former Presi
dent Taft, in message to the United
Press today said that while he does
not care to know how his personal
and confidential" letters on treaty
reservations were made public, he
does desire tc have it known that he
did not intend them to be published
He added that he was sure that
neither Chairman Will H. Hays, to
whom the letters were addressed, nor
Senators McCumber, Colt or McNary
to whom he stated he sent carbon
copies, had betrayed his confidence.
Replying to request for state
ment on the subject, the former presi.
dent wired the United Press as fol
lows:
Your telegram received. My two
letters dated July Goth to Mr.. Hays
which have been published bore each
of them at the head of the letter tne
words personal and confidential.
Those words, however, have been
omitted in their publication. The let
ters were enclosed in the same en-
velope. The reason why there we're
two letters was because the first one
was dictated before Mr. Hays called
me by phone from New York and we
had long conversation on the sub
ject. The second was dictated after
the conversation. This explains such
differences as there may be in the
form and matter Of the letters.
Exact carbon copies of these letters
with accompanying confidential notes
were sent Senators McCumber, Colt
and McNary whom knew sincerely to
favor the league unamended and with
whom / had had previous communica
ton.
Now that the letters are published
don't care to know how they were
made public, but do desire to have 1t
known that I did not intend to have
them published and I am sure that
neither Mr.. Hays or the senators
above named betrayed my confidence.
l may add that this correspondence
with Mr.. Hays began with telephone
request from him in May last for sug-
gestions as to reservations that might
satisfy objections to the league and
yet not require renewal of negotia-
tons.
WILLIAM HOWARD TAFT"
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-07-28
RANSOM FOR
KIDNAPPED BOY
Mexican Bandits are Paid 1900
Pesos and American Lad Has
Been Released to
Parents.

TUnited Press Leased Wire Service.]
WASHINGTON, July 2S.-Phillip
Thompson, American boy, kidnapped
by Mexican bandits, thirty miles from
Mexico City, has been released upon
payment of the 1900 pesos demand.
ed, the state department was ad'
vised today. The Mexican govern
ment advised payment of the ran
som.
The Mexican foreign office after
recommending payment OF the ran
som for fear the bandits might muir
der the boy, agreed to refund the
money and make every effort to cap
ture and punish the bandits,
Thompson was kidnapped from the
ranch OF his father, John West
Thompson, at Miraflores. about thirty
miles from Mexico City, on Thurs
day.
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-07-28
Cellar Bandits.

DIES MONIES, July 2S.-Cellar
bandits are the latest worry OF Iowa
state and federal agents.
Hundreds of secret liquor caches in
Iowa have been raided by fake police
men. sheriffs, attorney generals and
department of Justice operatives
since the long drouth began. Arrests
for the offense have been made in all
parts OF the state, federal agents who
are taking hand in the fraudulent
seizures report.
In the country roundabout Council
Bluffs, an organized gang was appar-
emily at work. Farmers homes were
entered recently and whisky confis.
Gated, no arrests being made.
Arrests for thefts of booze include
three at Oskaloosa and three in Polk
county. In each instance the men
held, it Is alleged, represented them
selves as federal agents or state
spoilers"
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-07-28

| UNITED Press Leased Wire Service. ]
| WASHINGTON, July 2S-Charles E
Hughes, in letter to Senator Fred
erick Hale, of Maine. made public
today, declared In favor of a league oi
nations, but maintained that certain
reservations and interpretations to
the present covenant were necessary
to protect American interests.
| The interpretative reservations sug
gested by Hughes were:
THAT any nation, after giving the
two years notice OF withdrawal shall
cease to be member of the league
despite any charge of non-fulfillmnt OF
any international obligation, providing
the withdrawal would not release the
power from any debt or liability.
2.--That questions relating to i'm
migration or import duties, when they
do not effect any international engage
ment should be regarded at matters OF
domestic policy and not within the
jurisdiction of the league.
3.-That the United States under
article XXI Of the covenant (referring
to the Monroe doctrine) does not re-
| linquish any Of It's traditional attitude
toward purely American questions and
that the United States may prevent ac-
QUESTION by any non-American power
of any territory or control in the
western hemisphere.
4.-That the United States under
article X of the covenant does not as
sumo any obligation to employ its
army or navy in any expedition that is
not authorized by congress.
Hughes letter was in response to a
communication from Hale in which
the later asked the former supreme
court justice for his opinion as to
what reservations to the peace treaty
and league covenant should be made
to Safeguard the interests of the
country"
Hale said that many of us are In
favor Of having the United States
enter league of nations, provided
that in so doing we do not sacrifice
the sovereignty or traditional policies
of our country
He added that Eve believe the pro-
posed covenant now before the senate
does make such sacrifice"
There is plain need for a league OF
nations" Hughes replied, "in order to
provide for the adequate development
Of international law, for creating and
maintaining organs of international
Justice and the machinery of concilia-
ton and conference, and for giving ef-
feet to measures Of international CO.
operation which from time to time
may be agreed upon.
"It is manifest that every reason
able effort should be made to estab-
lish peace as promptly as possible and
to bring about condition in which
Europe can resume it's normal indus
trial activity"
Hughes said he perceived no reason
"why these objects cannot be at
tanned without sacrificing the essen.
tial interests Of the United States and
suggested there was middle ground
between a1oofness and injurious COM
mitments."
"One must take light-hearted view
of conditions in the world to assume
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-07-28
|PAC|F|C COAST
OIL COMPANIES
Investigation of Every Phase
of Business is Urged to Lo-
cate Source Of
Trouble.
PRICES ARE AWAY UP
Company Pays 165 Per Cent Dividends
in Three Years, While OIL
Price Has Been
Trebeled.
PRICES ARE AWAY UP

UNITED Press Leased Wire Service. ]
WASHINGTON, July 2S.--Inyestiga.
tion of Pacific coast oil companies by
the federal trade commission, is pro
vided in a senate resolution introduced
today by Senator Poindexter, Washing
ton.
The resolution requests that every
phase of the oil business, both pro
ducing and marketing be gone into
with particular reference to fuel oil.
In introducing the resolution, Po-
indexter declared that oil consumers
on the coast are required to pay $1.S5
barrel for fuel oil which is sold in
New Orleans at eighty cents.
"Inasmuch as the Pacific coast,
through it's California oil fields pro-
duces more Oil than 1t consumes, there
is no excuse for the coast prices ex-
ceeding Atlantic or gulf prices"
That the investigation, If ordered,
will have a direct bearing on the
whole cost of living question was as
serted by Poindexter, who said fuel
OIL enters into the cost price of near
ly every commodity"
Consumers who have filed protests
with me claim that the price of oil
on the Pacific coast Is arbitrarily fix
ed by the Standard Oil company Of
California said Poindexter. There
is no real competition. The Stand
ards control has brought it enormous
profits, enabling it to pay dividends In
the last three years Of 165 per cent.
Last years profit was S44.O0O,OO0 and
an estimate based on the first six
months shows those of 1919 will be
millions higher. In the three years
when the Standard has paid these 165
per cent dividends, prices Of fuel oil
on the coast have advanced nearly
three-fold."
Poindexter's resolutions direct the
commission pay particular attention
to the Standard Oil, the Union and the
General Petroleum companies and ito
report to the senate what, il any,
combinations in restraint of trade, or
unfair competition have existed and
do exist and, If any, effect they have
had on the market price OF fuel oil,
gasoline and other petroleum pro-
ducts"
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-07-28
Former New York Governor and Candidate
for President Favors Idea if Interpreta-
tions are Made of Certain Articles. 1
MONROE DOCTRINE NOT REL|NQU|sHED
Plain Need for League of Nations to Keep
Wheels of International Justice and Co
operation Running Smoothly.

| that the proposed plan will guarantees
peace" he said. Rather the pro
posed covenant should be regarded az
a mere beginning"
According to Hughes, "the prudent
course would be to enter the proposed
/ league with reservations of a reason
able character which should meet with
| ready assent
| Regarding the validity OF reserva-
tions, Hughes said there was 10 need
! to assume that reservation would
| lead to the complete failure of the
| treaty or compel resumption of the
| peace conference when the reserva-
| tion leaves unimpalred the main provi-
sions of the covenant He added that
any nation making reservations, is
not bound further than 1t agrees to
| be bound
Referring to article K as trouble
breeder and not a peace maker.
/ Hughes said:
| "It is idle to attempt to commit
| free peoples to the making of war in
an unknown contingency when such
war may be found to be clearly op-
posed to the dictates of justice.
"Of course limitation of the
operation Of article X to period OF
years would be preferable to the in
definite obligation proposed But in
my judgment 1t would be- better that.
if Article X Is not eliminated a reser-
walton and interpretative statement
should be adopted.
In addition to article x Hughes
attacked article l (right to withdraw,
article XIV (relating to domestic mat
ters) and article XXI (relating to the
Monroe doctrine.)
He contended that the descriptive
phrase employed in article X is in
accurate and the meaning of the arti.
Gle is far from clear"
The resolution suggested by
Hughes regarding reservations reads
as follows:
The senate of the United States of
America advises and consents to the
ratification Of said treaty with the
following reservations and under
standings as to it's Interpretation and
effect to be made part of the instru-
ment of ratification.
First: That whenever two years.
notice of withdrawal from the league
of nations shall have been given as
provided in Article | of the covenant,
the power giving the notice shall
cease to be member of the league
or subject to the obligations of the
covenant of the league, at the time
specified In the notice, notwithstand-
ing any claim, charge or finding OF
the non-fulfillment Of any interna-
tional obligation or OF any obliga-
tion under said covenant; provided,
however, that such withdrawal shall
not release the power from any debt
or liability heretofore incurred.
Second: That questions relating to
immigration, or the imposition Of
such duties on imports where such
questions do not arise out of any
international engagement, are ques-
tions of domestic policy and these
and any other questions which ac-