davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-18
TREASURY AND I.C.C.
TO AIR LOAN DISPUTE
Conflict Arises Over $500, ooo. 900
Revolving Fund for Benefit
Of Railroads.

Conflicts between the Interstate
commerce Commission and the Treas
ury Department relative to interpre-
tation of the transportation acts pro-
vision for loans to railroads from the
$500. 100000 revolving fund win be
aired at public hearing. The COM
mission has announced that a hearing
ington.
The commission acting under the
transportation act has certified to the
Treasury loans aggregating several
million dollars to a number Of RAN
roads. including the Chicago and
Northwestern. the Chicago. Burling-
ton and Quincy. and the Santa Re
Payment of sums involved in, these
loans has been held up by the Treas
ury.
Members OF the commission assert
that the loans involved in tho con-
fiict were certified because of the
carriers inability to obtain funds in
the financial market except at excess
sive rates Treasury officials contend
that such il not sufficient grounds for
a loan within the meaning Of the act.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-18
THE WEATHER.

District Of Columbia and Maryland
Fair tonight and tomorrow: mild
temperature; moderate southwest and
west winds.
virginia-Fair tonight and tomor-
row; warmer in west portion tonight;
moderate variable winds.
West Virginia-Fair tonight and to-
morrow; warmer tonight.
Records for Twenty-Fouf Hours.
Thermometers PM, e; 8 PM, So;
IL midnight, SIS; am. So: 8 an. Sc;
IL noon, IS.
Highest temperature. Is, occurred at
II noon today; lowest temperature, 50,
occurred at am. today.
+ Temperature same date last year
Highest, "a: lowest, 81.
Barometer-4 pm. 30.03: 8 pm.
3O.11; IL midnight, 30.12; am, 30.12;
8 am, 3o.1S; IL noon. 30.07.
( Condition Of the Water.
Temperature and condition of water
at, am: Great Falls-Temperatur
50: condition, g. -,
<f. Tide Tables.
Compiled by United States coast and
geodetic survey -.
Today-Low tide. 633 am. and $50
pm: high tide, 1915 pm.
Tomorrow-Low tide, 7:24 am. and
TAG pm; high tide. 1881 am. and
1908 pm.
The. Sun and Moon.
Today-Sun rose, $50 am; sun sets,
6:12 p.m..
Tomorrow-Sun rises, 5:52 am: sun
sets, GIL pm.
Noon rises. 1855 am: sets. 1902
pm. Automobiles lamps to be lighted
one-half hour after sunset.
Up-River Waters.
HARPERS FERRY. w. Va, Septem-
Der 1S.-The Potomac and the Shenan
doah rivers were both very cloudy this
morning.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-18
FINANCIAL CONDITIONS SHOW.
REMARKABLE IMPROVEMENT
Wise Regulations Imposed by Federal Re-
serve Board Given Credit for Relative
Ease In Money Market-Trade Slow.

later before stock prices struck their
bottom and began to mend.
Naturally the recovery both in bonds
and stocks received powerful impulse
from the rate decision which removed
the misgfvings of years regarding the
solvency of the railroads. But the up
ward turn in bonds was wen under
way before the Interstate Commerce
Commission handed down it's momen-
tous rulings, and the fact that while
railroad bonds have risen moro than
the average. the improvement has
been very decided in other groups as
well. shows that it is the expectation
OF lower interest rates that has been
the broad influence at work.
Now this same influence has got into
the movement of stocks. The stock
market hesitated to do much until 1t
saw what would happen on the ap-
proach of the tax payment period. 1t
had been held down by the fear that
more or less severe pinch in the
money market would occur at that
time. When it discovered that there
was to be no stringency. but that, on
the contrary. money conditions were
becoming easier than at any previous
stage of the year. skepticism gave
way to confidence and confidence de-
veloped into what at the close Of the
present week was a display Of posi-
tive enthusiasm.
No Time for Speculation.
big speculative market at this
juncture would be exceedingly un-
wise and would certainly. before it
got very far along, invite strong
measures of repression. But there is
plenty of room for a rebound such
as the market has been having this
week. on the ground that prices as
they stood month ago were too low
and in many cases much too low.
q he ~ 4
street professionals and the outside
community as we'll were extremely
blue. when they were stressing the
probability Of an autumn money
stringency and dwelling upon the de.
many Industrial lines. It was there
fore the ideal time for an accumu-
lation Of stocks by. large interests.
The transfer Of stocks from weak
to strong hands, the reduction in
Wall street loans to the lowest since
before the war. the rapid progress
the Unexpectedly favorable outcome
of the crops-all these were points
which careful observers were noting
and commenting upon when Wall
street affairs were at their worst.
Now, with prices up 5. 10 and 20
to be more generally appreciated.
Trade sim Slew.
Trade reports still show that
there is no improvement. nor is II
likely that there will be for some
time to come. But the security mar
ket is demonstrating that there Was
a price level low enough to discount
the worst that the commercial reac-
tion could do to company profits, that
this level was reached four weeks ago
and that stock exchange prices have
set themselves to anticipate the turn
for the better in industry. which may
be a good ways on yet, but which is
certain to come after the readtust-
ment now going on has been COM
pleted.
fOupyrieht 1870 by &. p Wex4.1
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-18
Squirt IN WHEAT LOST
!. IN THE LATER TRADING
Cash Buying, Presumably Seaboard
Orders, Cause Of Gain-Break
. in Corn.

CHICAGO. September Is tby the As
sociated Press).-Wheat, started firIn
today. owing to buying by cash
houses, presumably on seaboard or
dera The. advance was not main
tanned. however. due to selling by
local traders on the weakness in corn.
After opening unchanged to one cent
higher, with December 2.42i. to 243
and March 2.3s. the market became
weak and prices declined below yes
terday's finish.
large receipts and continued favor
able weather led to general, selling
Of corn, which caused a break in that
grain. After starting unchanged TO
IL lower. with, December at l.09h to
LILO, tho market declined. the deferred
deliveries showing a loss of moro
than q cent from yesterdays final.
while September dropped more than
Narrow Range for Oats.
Oats showed a stubborn resistance
to selling pressure at the start. and
prices held within relatively mar
row range. First quotations, which
were unchanged to !. cent higher.
with. December e3Ss to 63A. latter
became weak and most of the early
gain was lost
Provisions were slightly easier on
scattered selling.
Closing Features.
Trade in wheat on the whole was OF
moderate volume. and the market
closed weak, with prices showing a
net loss of q to 2is from yesterday $
finish. December being 2.40 to 2.40 4
and March 2.35.
There was heavy short covering in
corn for profits, but the selling pres
sure from eleventh-hour bears was
closed very weak, the finish showing a
net loss of 1N to 3%, as compa red
with yesterdays finish, with December
LOS to 1.o8h.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-18
BY STUART p. WEST.

NEW YORK, September 1S.-The
whole course of this weeks markets
has been determined by the develop
ments in the money situation. On the
one hand. the critical period of the
tax payments has been passed not
only without any disturbance, but
with such an abundant supply OF
call funds available that the rate to
borrowers from day to day has been
reduced to per cent. which means
under present conditions the absolute
minimum that could be expected. On
the other hand, the quotations on
that whereas a month ago 81 to 9
per cent were the ruling figures. con-
tracts have been made for sixty days
and even for longer periods at to
sA per cent.
These things have occurred in the
middle Of September. at the height
of the crop-moving demands. Those
who were basing their calculations
upon a severe money strain in the
autumn. and who, on that account,
were pessimistic on the security mar
kets. have been very unpleasantly
surprised.
But there is no surprise in what
has happened to those who accepted
the view that preparations for the
harvest financing began this year
months ahead Of time. and that con-
sequently the peak of the money
strain was to be expected much car
lier than usual
Give Credit to Reserve Board.
The utmost credit should be given
the Federal Reserve Board for its
able handling of one of the most diff
in the history Of the country. Had it
not been for the drastic measures
adopted late last spring to check new
borrowings and to compel liquidation
in less essential lines of industry
there Is scarcely a doubt that a crisis
OF the first magnitude would have
been precipitated.
That on the contrary money con-
ditions are actually easing at the
time when they were looked for to
become tense is a great tribute to the
federal reserve system with its CEN
tralized control and power to mobilize
the banking resources of the nation
so as to distribute and equalize the
burden Of such a strain as We have
been passing through.
The release of credits from COM
mercial channels, helped greatly by
the success OF the efforts to improve
the railway service, along with the
imports, present and prospective, Of
European gold. has set up a reeer-
voir Of bank credits. sufficient to pro-
vide for the extra demands incident
to the movement of crops to market
This is the whole story Of the ACCOM-
plishments o fthe last three and one-haIf
months and they mark change of the
first importance in the financial outlook
Rate Decision Helpful
The bond market was long ways
ahead of the stock market in perceiv-
ling that the crest OF the wave of
high interest rates had been reached
and that the drift was to be very
gradually, but surely, downward.
Bond prices turned the corner early
in June; it was more than two months
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-18

Prices ut noon:
CHICAGO CATTLE s1AnkEr.

CHICAGO. September -1s %. s. bu-
reau OF markets) Observation-Disclosures
1000 head; compared with week ago.
good to best beef steers. Is to 20
higher others steady to Is higher;
fn-between kinds. dull. irregular:
good and choice veal calves, Is to so
higher; others and bulls steady:
stockers and feeders steady. to Is
higher. r - =
Hogs-Receipts.t 1000 head; market
mostly 10 to IL higher than yester-
days average. closing weak on heavy
nixed and packing grades; top early,
1885, practical top. 1880: bulk light
and butchers. 17.10a1hso; light
weight. 17.25a17.so: bulk packing
sows. 1s.o0a1S.35: pigs mostly Is
lower: bulk desirable kinds, ieooa1e75.
sheepEReceints. 5000 head; COM
pared with week ago. western lambs
and common to medium natives most
~ steady; good and choice native
lambs % to IS higher; tat yearlings
and wethars steady to Is lower; feed.
ers steady to strong; fat and. breed.
Ing ewes Is - SO. lower.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-18
EQUIPMENT FINANCING.

Much railway equipment financing
some Of it Of an urgent charac4er-is
being held up by the stand taken by
tho Interstate Commerce Commission
with regard to the rate on which the
roads may borrow In the open market
the commission has given the roads to
understand that they must not pay
more than. per cent on such borrow
ings. a rate which Ia hardly in line
with existing conditions in the invest
ment market The holding up of such
financing may make It Impossible for a
number OF roads, which have already
contracted for new equipment. to pay,
for the rolling stock. when it is COM
pleted. In equipment manufacturing
circles, 1t was asserted yesterday. how
ever, that the stronger equipment COM
panies might be able to take the secu-
rifles OF the railroads in lieu Of cash
In case. no other way for financing the
purchases could be found. There would
be a limit. OF. course. to the extent to
which the equipment companies could
dea up their resources in this manner.
HankefD In touch with the situation be
lieve that once the Interstate Com
mefce Cqmmi1sion comes to realize cur
Hemt Mouey market condition win .recede
from 3tgs present stand with regard to
the interest rate on railroad financing.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-18
LIQUIDATION IN TIRES.

Liquidation in the tire industry at
Akron has been the most severe ex-
perienced BY any line in that part OF
tho country. according to the latest
report Of the Cleveland Trust Company
on business conditions. 1t says that
liquidation is still going on with very
little buying of tires for future de-
livery reported. Tire manufacturers"
tho bank says. ARE hopeful. however
that the worst Of the readjustment will
have passed by November = when it
10 thought by some in the trade that
more nearly normal operations may
Be resumed. Operations at some Of the
leading plants ranged from % to 60
per cent Reports that the slump had
necessitated some reduction in wage
rates. as well as working forces in
Akron, have bean verified" OF the re-
adjustment going on in the automo-
tive industry the bank observes that
when the process has been completed
the strong. we'll financed producers of
cars and trucks of quality will doubt
less find themselves in q more favor
able position than before.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-18
MONEY AND ExCHAvGE.

NEW YORK, September 1s.-Prime
regular. Sterling sixty-day bills.
3.42h: commercial sixty-day bills on
banks: 3.4Sk;. commercial sixty-day
bills. 3:4s:S- demand, asa: cables,
3.53&. Francs, demand. 100; cables.
7.04. Belgian. francs. s7.4s; cables
3l25. Lire demand. Ats; cables.
$50. Marks, demand, 1877. cables.
I3S. New York exchange on Nom
trsal.t 9.i5-1s per cent discount Gov
ernment 5ondG steady. Railroad bonds
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-18
COTTON SEED STATISTICS.
Census Bureau Reports Tons Crush.
ed and Products for August.

Cotton; seed. crushed during August
amounted, to 20.317 tons. the census
bureau announced today.
month follow:
Crude oil, 5.oos,5 pounds: refined
oil, 10.952,1SS pounds: cake and meal,
8. 40 tons: iinters, 2.47o bales.
L Stocks on hand August 81 were:.
Seed. at plants, 5000 tons; crude
oil. Is. 75h055 pounds; refined oil, 228,-
1851 pounds.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-18
RUMAN1A SIGNS TREATY.

The State Department Is advised
that Rumapia has deposited It's rati-
ication Of the treaty Of Versailles,
bringing the membership Of! sigma
tories Of the treaty which have de-.
posted their ratiAeationsSup to tvsn.
|ty-six. -..
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-18
Grain. Produce and Live Stock
LOCAL WH0LDsAIBi1 GA11Rx. 9
IlsA ~aAon>~alA snararaf 0eicaR fht1

y = - IL
LOCAL q ..A1l ..s.
Tho wholesale market prices INN
morning ranged about ~ to0oWe. -
rEkxD-S6fcxly ffesh. 69aeo: ,aVeI1go
recefp1x. 81. 0fH0n.0 s..
Ilve pnr,s-~- x,,,.t.,. ner n. -;
~ M - e.ess. n 4S.47. keaf1.
young. each. E0H6o.
Dressed puuyery-Yreaas Killed sDsin9
chickens. per M. asa4z: hsm. pr ":
NJ zs" efA' pes ID, ss'
IT,. s.,.,- M 1ea17:
ia,nhS ,SrA.-.S31see. ~ . 49, >
! As.1s, snoep' oas.
, Green Fruits-Apples. per Dbl: 49,
~: per basket, 75az.50: CniornD
lemons. Per box. 3oeaabe: pmeAppp III.
e.soaSoV; California oranges. o.vOSvS -.
peacneS: Per crate. z.50aA.0y: etapes' ! a
lac. NIAGARA. S.Ooa5.bC' Oeme'
aa'SO: BLACK. z.5oa3.oo.
-vesetables-Po<atoes No. I, pr bhl..
3.25A3.5e; do. No. z, 1.50azA0: sweet
potatoes, DER Dbl, No. /, 4.00a5. 20; No: 2,
1s0a20e; string beans, per BASKET, l5oa
zoe; per- bbI., 6:eoa7.oo: eggplant, per
crate, Leesisa; csbbaee, per Dbl. Lola
LEO: beets. nearby. par leo. 7.ooaA.o0:
tetfuce. Der czAte. 1eoa2.o %: letfnoe. New
York. per. crAte. ltoa2 b. ceiefy. pef
do1. eoA1oos Eumaine leftuca,. 100a1- Is:
0Qu31h. DIR cx1He, 60a1.0o: epdnAch,
cI1te. lA0a1-1S: peppees. pe1 basket. 5ea
Loo: tomAtoeA Per boz. tea1.oo: oni0t1,
per crate. LoeaLse: cac'mbers, 1ooaa:ee
pF basketss canta!ouDee, nearby, L0ea
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-18

Copyright. 1870. b.. S.,P. West.D
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-18
Head of the A. B. A. Com.
ments on important Prob
lens Of Day.

Il S. Halves. president OF the Amer
scan Bankers Association. speaking
before the Colorado Bankers Asso-
citation, had this to say:
Phoenix tribune., 1920-04-17
NOVEL SCHEME

The Chicago Tribune in effort to print
ggests readers that they borrow Tribune from their
ghbor instead of buying This might work all right for
he Chicago Tribune but is not necessary for many papers
fer any such suggestion The style already vogue
be majority of newspaper readers Some months began
campaign subscriptions order the 1000 mark
place solicitor found five families who made copy
the Tribune them At of places he found and
ree families making of copy of the Tribune and mind
ou there from three to people in each family
magne if you WILL what this to publisher. We found
impossible reach the 1000 with this situation
bnrontng and started out to try and induce each family to
der their paper and be independent of the other In
se worked but in many others the lady would say Il take
be Saturday Evening Post and Mrs B. takes the Phoenix
rbune, exchange We finally decided that Coored
ppuaon of $4,000 would be necessary order 1000
laid subscribers We do hat the Chicago Tribune but
ball not suggest anything of the kind readers No
ortage threatens We could produce ysx page edition
Very week. if business warranted and the cash forth
bmng.
Phoenix tribune., 1920-04-17
DO YOU PRAY FOR EDITORS?

The amount of good evil accomplished by the in
eulabe There may be hafdozen ministers the globe
ho preach regularly four five thousand people, but there
comparatively few which do not reach this number
lowing average of five persons in each home which the
aper goes while the congregation of
'itor to hundreds of thousands of persons.
The minister speaks perhaps to two three out of
my the aged and nfm rule having part in his min
raon The words of the editor directly to the home and
bach every member of the family who reads The ministers
od spoken hastily and fail to express adequately his
bought the words of editor likely to be carefully
nsidered and his thoughts accurately expressed min
words be forgotten and he himself may be unable to
ca them but the words of the editor written down, and
bay be considered and rread until they firmly fixed in the
hind How important that the words spoken be right words
Een the words of wisdom and truth
How little know of the which the apostles
eached but the epss which they wrote have down
unfaing treasury of truth In view of such facts
oud not Christian and engage suppca
for those whom laid the responsible charge of conduct
g the public press? Surely Christian should hear with in
erence the request of editor says Brethren pray
pr us.'-Boston Christian
Phoenix tribune., 1920-04-17
cHAPTER.V.

1t was ten days since the reward
for Fitzhugh's capture had been Of
fered, and though detectives, city,
amateur, and private, as well as the
police, had kept hot an unremitting
search, not a trace of the fugitive
could they find. "Clues," they had by
scores, but they led nowhere. This
tenth day fell on a Thursday in April
"a cold, dark day of incessant rain.
Nikolay invariably called upon Esther
every Friday, but on this particular
Thursday night, happening to be in
her neighborhood. he decided to take
advantage of the opportunity, and
drop in on her for pot of hot tea and
word Of good cheer.
He was about to pass under the
wooden staircase, and so to her door,
when suddenly, just opposite the win
dow he stopped still and stood as
though hewed from stone.
What he saw was this: In the cen
ter of the room, her back toward him,
stood Esther; arms held out, her head
back, she had the unmistakable pos
ture of woman waiting only for the
One Man. The next instant very tall
man, young-looking despite the short,
untrimmed beard on his lean face,
stepped from some point outside Niko-
lays range of vision, and took her in
his arms and kissed her.
His pimpIy face nviu with fury, yell
low hair seeming to stand on end,
Nikolay burst into the room.
Fitzhugh sprang from his place and
vaulted the table, bringing it between
himself and the door, "Get out,
Esther" he ordered quietly, rolling up
his shirtsleeves. I'm going to slaugh-
ter this beast"
She made no move to go, however,
but drew to one side, and with hands
pressed TO her cheeks, watched inc
two gladiatOrs with mingled horror
and fascination. Nikolay had the adj
vantage of some forty pounds in
weight but Fitzhugh was vastly his
superior in stamina, fistic skill and
quicllness of eye and movement. To
win the fight he judged he had to do
but one thing: to keep free Of the
others clutches. Once the big Rus
sian got those tremendous arms
around him the combat would be I'M
equal.
Nikolay rushed upon his foe like an
infuriated bull, and Fitzhugh ducked
Phoenix tribune., 1920-04-17
PHOENIX LOCALS
Mrs. Lewis Indisposed

I. Mrs. Lewis lndisposed
Mrs. Ethel Lewis, wife of Mr.. Mii-
ton Lewis, is reported on the sick
list. Mrs. Lewis had just recovered
from a severe case of illness and this
week was taken suddenly ill again.
Mr.. Booker Indisposed
Mr.. Booker, one of our old citizens,
has been on the sick list the past.
week, but is improving.
Olympic Tent Meeting
Maids and Pages of Olympic Tent
are requested to meet Saturday after
noon, 2:S0 o'clock at Doris hall. By
order of Mrs E. L. Lott, Q. NJ.
Expression of Gratitude
Mrs. Emma L. Lott desires to
thank the many friends who showed
kindness to her during her recent
Illness
Removed From Hospital
Mrs. E. Temple Fuller, who the
past few weeks has been confined in
st. Joseph's hospital, was removed 10
the home of Mr.. and Mrs Lewis
Varnes this week. She is doing fine
Musical Concert April goth
A grand musical and literary en-
tertainment will he given Thursday
evening, April 20, at the c. NJ. E.
church, corner Second and jefferson
streets. Mrs. Matthew White is in
charge of arrangements and it prom
ises to be something worth while.
Following is the nrOpram.
Phoenix tribune., 1920-04-17

and sidestepped like a lean panther,
springing in quickly to deliver two
blows in rapid succession, the last Of
which brought blood. In the next rush,
however, a sledge hammer seemed to
swing upon the point of his chin, and
he spun dizzily backward, unable to
regain his balance, and fell heavily
against a fender. But Nikolay was
not quick enough to follow up his ad-
vantage. and when next he charged,
Fitzhugh had recovered, and was
dancing around him as before, his lip
drawn back from his cleaning teeth
in a taunting smile.
The blood was streaming from a
dozen cuts on the Russians face, its
crimson blots in his eyes; and ever
that smiling, white-and-black face
swan before him like a pirouetting
phantom.
Knowing his endurance to be his
strongest and the others weakest,
point, Fitzhugh desired chiefly to
wear his opponent down until such
time as he could rush in and finish
him.
Nikolay was fast becoming exhaust
ed. Ten minutes of this mad pace was
more than he could stand His breath
came shorter and shorter. At last he
stopped and allowed his arms to
dangle Imply at his sides.
For little while, coughing and spit
ting blood and catching his breath in
wheezy gasps, he stared drunkenly.
Then, selling a heavy water pitcher
from beside an overturned chair, he
hurled it, with a vile word. Fitzhugh
lodged the missile and leapt for his
foe. He put every atom of his vigor-
Gus young strength into the blow he
handed under Nikolay's jaw. and the
man went down like a dubbed OK.
The conqueror walked to a corner,
picked up his coat. and slung it over
his shoulder. He came back to Esther,
crouching against the wall like one
awakening from some horrible dream.
He smiled. but in the neutral light the
smile was CHASTITY
Phoenix tribune., 1920-04-17
CITY OF PURPLE DREAMS

The woman knew how to act. She
hesitated, smiled up at him demurely;
then, breathing to herself the name of
the man she loved, she rose, and, with
her eyes closed tightly, held up her
lips to the man she despised
Some while later Nikolay took his
departure.