davidaulloa/AmericanStories huggingface dataset:
Evening star., 1921-12-24
STOCKS ARE FIRM,
But RATHER SLOW
Holiday Spirit Dominates.
Coppers Leaders in the List.
Financial Notes.
~ STUART p. WEST.

NEW YORK. December z4-The
stock market today upheld the Gus
tom of Christmas eve, which, even in
years Of declining prices, has almost
invariably witnessed an upturn.
Tho advances in the two hours of
trading were for the most part small.
They represented the retirement of
short contracts put out earlier in the
week, along with some fresh buying
in the coppers. the w-priced oils
and various specialties.
There was scarcely any business
at all in the foreign exchange market,
In view OF the protracted holiday
abroad.
Sterling and continental rates as
well left of a bit higher. The cotton
exchange was closed for busine ss.
but the grain markets were open
and recovery continued in wheat
prices
If there had been any doubt that
the decline in stocks on Wednesday
and Thursday was anything more
than a normal reaction in a market
which had been going up too con-
tinuously, 1t must have been dispelled
by the course of the dealings today.
The coppers led the way, and some
Of them got back within a point Of
their highest a fortnight ago. Again
this movement reflected confidence in
the outlook for the copper metal in
1922.
Evening star., 1921-12-24
RIVERDALE.

RIvERDALE. Md. December -
Especially. - Riverdale. through its
town councils, will ask the legisla-
ture next month to act favorably
town charter charging the corpora
ton by twenty to twenty-five acres.
The town has grown rapidly during
the last few years. and is beginning
to feel somewhat cramped for room.
Other proposed amendments ap-
proved by the, council for submission
to the legislature include one giving
the town bailiffs the same 'privi-
lodges" now enjoyed by county con-
stables. The "privileges," it is eX
planned. mean the authority of the
town officers to carry weapons. the
right to do which is not absolutely
certain in the councils mind.
The town also wants amendments
giving the town authorities control
over the slot machines or other
gambling" devices; providing for the
issuance Of building permits; regula-
ting the keeping of swine. cows,
pigeons and fowls within the corpo-
tenance of fire hose and other fire.
fighting apparatus; providing for the
licensing OF dogs: providing that
justices Of the peace within the cor
porate limits shall turn over fines to
the town treasurer; fixing compensa-
ton of town assessors at SIS per an
mum; providing that assessable prop
erty shall include PERSONAL as well
as real estate and providing that the
road rebate money shall be spent in
the repair and improvement Of streets,
sidewalks. street signs and roadways
Of the town. The present charter
provides for the spending of this
money only. on the roadways and
streets.
The council has decided to take a
new census Of ahe town the first
week in January.
Evening star., 1921-12-24
HYATTSVILLE.

HYATTSvILLE. Md, December "a
(Special).-The Washington Subur-
ban Sanitary Commission. created by
the legislature to furnish water and
Washington, has issued a statement
showing balance consisting Of cash
on hand and in banks Of $126.549.17.
Some of the principal receipts and
disbursements covered by the report
are: Receipts-Sale OF 100000 par
value per cent bonds. $4,000; front
foot assessments. $25.s0!. water
interest on bank deposits, $S.072.58;
house connection charges, $6,s61.76:
water service charges. Takoma Park,
$6,630.27: interest on bonds, $1,627.7S;
taxes. Prince Georges county. ST.
999.97: Montgomery county, $3.149.53;
Hyattsville. $1.25o:. disbursements
and projects, s1s4:4ss.ssss:
salaries for engineers, exclusive of
charges to plant maintenance. $780,.
932.69; wages, day labor, exclusive of
wages charged to plant maintenance,
$32.399.13; plant maintenance, Ia
koma Park. exclusive of charges for
administrative overhead. $il.10s.S5;
plant maintenance. Hyattsville. ex-
elusive of charges for administrative
overhead. s11.641.12: system mainte-
nance, Takoma Park, $438.9S; Hyatts-
Vile. $2.503.15: general. $1,414.26;
house connection. sS.s2s.s5; salaries
of commissioners, $4,000; salaries OF
administrative employees. 2S.sol.o4;
interest on bonds. $4s,1Ss.os; Prince
Georges and Montgomery county
bonds redeemed, $4,000; Liberty
bonds, $4,000: par value. $b,4s7.23.
Total disbursements are given as
$s49,7s1.24.
Evening star., 1921-12-24
STEEL TRADE OPTIMISTIC
TOWARD THE new YEAR

NEW YORK, December 24.-The
steel trade is looking forward as a
whole with optimism toward the new
year and is confidently anticipating
a general Improvement in Industrial
conditions and in the volume of buSl-
ness. Just at the moment, however.
the market is experiencing the usual
holiday reduction in the demand and
is quiet and good deal unsettled.
Prices have been shaded in some
cases and the most important at
traction is the reduction of So per
ton in wire and wire products. The
pig iron market has also slowed
down for the holidays and is steady.
although there is no accumulation of
supplies and a better business is an
ticipated after the turn of the year.
In copper there has been the usual
pre-holiday lull in domestic demand.
but export business has continued
and the market has been generally
firm. 1t is said that some of the
are willing to take order for small
lots of electrolitic for January and
March shipment at 1875 cents de-
livered. but the larger producers are
offering nothing below the 14-cent
level and the Copper Export Associa-
ton is reported to be selling abroad
at prices equivalent to IA cents f.a.s.,
New York. Recent export business
has increased sales to the Orient as
well as to Europe, and China has
bought a small lot of casting copper
at about 13 cents f.a.s.
Lead remains steady with produce
ton and demand about evenly bal
anced.
Tin has been quiet within narrow
price limits. Supplies of prompt have
been enlarged through recent ar
rivals, but there is no pressure to
sell.
Zinc buyers have been operating
for spot and early shipment in the
new year, with prices steadily held.
Antimony remains unchanged and
dull.
Evening star., 1921-12-24
BONDS ARE FIRM,
AT STEADY PRICES
BY STUART p. WEST.

NEW YORK, December 24.-The
general bond list was very little
changed as the result of today's
transactions and trading was the
dullest of the week. Liberty bonds
were somewhat firmer with small
gains in most of the members of the
group. The pressure which was upon
this section of the market early in
the week appears now to have been
definitely lifted. In the foreign gov
ernment division the Brazil SIS, the
French IS and the Chile IS were off
fractionally, while United Kingdom
bonds were unchanged.
American Smelling 5s did not re-
spond to the strength in the metal
stocks on the stock exchange. They
even went a bit lower, although
American Smelling shares were up
over points from yesterdays low.
The rubber TVS failed to sympathize
with the strength of the stocks. Du-
quesne 6s and Wilson first IS, Cuba
Cane Is and Goodyear IS were all
substantially the same as the pre-
vious day. Montana Power SIS came
down half point.
The St. Paul bonds made further
response to the reassuring statement
put out by the president of the COM
pany yesterday, in which he said that
the company had ample resources to
meet charges.
Evening star., 1921-12-24
TRADE CONDITIONS.

NEW YORK, December 24.-Brad-
streets review of trade says:
Seasonal weather mas come to most
parts of the country to reinforce the
influences ruling at this season of free
giving, the result being a quite de-
ciGed increase in the volume of retail
trade. Even with this accession, how
ever, the reports are not wholly sat
isfactory. although better than earlier
indicated. Doubts seem to exist at a
number of cities as to volume, that
is, quantity, of buying equaling a
year ago. when prices were higher.
but purchasing power was undoubt-
erly larger. On balance the trend
seems to be toward trade well be-
low that of 1920 in value, with later
information needed to fix this approx
imately. Useful gifts rather than lux
uries seem to predominate, although
the confectionery trade seems to have
done we'll, a not inconsiderable influ-
ence in this direction being lower
prices ruling than a year ago.
Weekly bank clearings, $7,395,91S,-
600,
Evening star., 1921-12-24
U. s. TREASURY CERTIFICATES.
WEEKS DEALINGS DULL
COMPARED WITH 1920

NEW YORK, December 24-Fi-
nancial markets continued to move
confusedly this week. stocks evinc-
ing a more reactionary tendency
while the demand for bonds was fully
sustained
Dealings in stocks were dull in COM
parison with the corresponding per-
iod of 1920, when the daily turnover
was of substantial dimensions at
prices 25 to so per cent or more over
those now prevailing.
Much of the intermittent selling
probably originated from corporate
interests which sought to adjust in
come tax returns before the years
end. Professional pressure was re-
stricted to several Of the industrial
companies whose affairs now are in
a state of transition.
Fears of a money furry seemed to
he unfounded, call loans renewing
for the most part at 5 to 5l2 per cent.
Purchases of commercial paper also
were on a fairly liberal scale. though
limited to 80 and 60 day maturities.
Reduction of re-discount rates by
the Atlanta (Georgia) Federal Re-
serve Bank confirmed the impression
prevalent in local financial circles
that cotton and grain bills are in
process of further orderly liQuida-
ton.
Evening star., 1921-12-24
BY STUART p. WEST.
Special Dispa tch to rhe Star,

Special Dispatch to The Star.
NEW YORK, December 24.-The
check this week to the upward move
ment in the financial markets-simul-
taneous in stocks, bonds and foreign
e1change-has not implied any seri-
GUS change in opinion on the general
outlook. 1t may have signified that
Wall street. in the advance during
the first half of December, had al
lowed itself to become a bit too en-
thusiastic over the prospects for 1922
In certain lines of trade. But mainly
the decline was the normal read
1ustment which markets invariably
have that long move continuously in
single direction.
In word. the stock market has had
the reaction which 1T was entitled to,
after a month of almost unbroken ad-
vance. The bond market fulfilled the
expectation that it could not keep
moving ahead in face of the coInpeti-
tion OF such an outpour of new capi-
lal issues as has been going on now
for five months
Improvement I'm Exchanges.
In the exchanges the speculative ele-
ment has counted as it has in stocks
tnat Is to say, such decline as has
occurred from the high Levels CT a
fortnight ago has been merely a tech
nical readjustment. 1t has in no wise
taken away fl ON the reality of the m
provement in European finances signi-
| ffed by the advance in sterlin:, from
around $3.50 in the middle of Novem-
Der to above $4.20. and the recovery
in French exchange in a still shorter
| interval from $50 cents to the franc
to $50 cents.
The lessened activity in the vari-
GUS markets is quite in keeping with
the slowing down in business circles
preparatory to the end of the year.
The active production Of the steel
mills Is off about 5 per cent from the
maximum of a month ago and prices
of some of the lighter products, such
as wire and wire products, have been
cut again. Dullness has settled over
the copper trade. while some Of the
| automobile companies have been
closing down plants. as they regu-
larly do at this season. for the pur-
pose of stock taking. But whether
it Is steel, or copper, or automobile
making, or oil. the forecast for 1922
among the general run of business
men is altogether hopeful. Nobody
looks for a boom, but the idea
mainly expressed is that the recovery
which was interrupted in December
will be resumed in January. and will
Evening star., 1921-12-24
LOCAL SECURITIES
FIRM, BUT QUIET
Holiday Spirit Prevails on
T., Stock Exchange and at
!. Banks-N0teS.

Trading on the local stock exchange
was greatly restricted, the holiday
spirit overcoming the trading dispo-
sition.
Probably had there been more Sc,
curities offered the days record
might not have been SO unimportant.
AS it was the bid and asked prices
We're well maintained on all the IA
yorite issues of bonds and shares,
while the only sales made were IN
Capital Traction, at 94ls Lanston, at
72, and w. B. & A. 5s. at 79.
Dividend Declared.
The District National Bank will pay
the regular per cent quarterly De-
cember 81.
Active Mt Banks.
Business at the banks was de-
cfdedly active today, with about even
activities in dcpositing and With
drawing.
The holiday spirit was in evidence
before and back of the counters most
of the Junior employees of the various
institutions having substantial eVl-
denceS of the giving spirit from their
institutions.
Christmas trees were numerous;
with plans for decorating and loadlng
after business hours.
The Riggs National Bank employes
published the Christmas issue OF their
house organ brimming over with VIII
and sallies and containing an extend
cd biography of their president, MIL
ton f. Allies.
The title of the biography was Inc
Mirrors of Washington"
w. NJ. Rankin is the editor-in-ch
Of the publication. the Clearing House
Key"
Evening star., 1921-12-24
MRS. RAlzEN GUARDED.
Slayer of DR.. Glickstein Shows
ssSuicidal Tendencies"

NEW YORK, December 24.-Upon
receipt of report from DR.. Charles
Stoerzer, visisting Jail physician, that
Mrs. Lillian Raizen, under Indictment
for the murder of DR.. Abraham Click
stein, Brooklyn dentist, had mani
tested suicidal tendencieS' Assistant
District Attorney Edward W. Cooper
last night. ordered the woman kept
under strict surveillance.
This action followed the applica-
tion by Mrs. Raizen's counsel earlier
in the day for appointment of a
commission to inquire into her san
ity. Four alienists employed by the
defense reported that she was mental
ly unbalanced now and when the
crime was committed. II the COM
mission should find her insane, she
would be committed to a state in
stitution without facing trial on the
charges against her.
DR.. Stoerzer suggested that the
woman be Immediately transferred to
the psychopathic ward for her own
safety.
Evening star., 1921-12-24
CURB MARKET.

NEW YORK, December 24.-Busi-
ness on the New York curb market
today was dull and price movements
in general were confined to narrow
limits, with the exception of a few of
the recently prominent oil issues. At
tention generally was given over to
the usual Christmas festivities.
Cities service shares were again
under pressure. especially the COM
mon stock, which, in the short session
of business. yielded sharply on COM
paratively small offerings: Only frac-
tional losses occurred in the preferred
and bankers shares. International
Petroleum, Simms and Skelly Oil were
quiet, but steady. There was little do
ing in the Standard Oil issues. Prices
held around previous levels.
In the industrial group Libby. Nc
Neil & Libby was in fair demand and
improved fractionally. A fair inquiry
developed for Philip Morris. Other to-
bacco shares were practically passed
up in the days trading. The motor
issues were easier, especially Durant
Motors Of Indiana, which yielded al
most a point.
Evening star., 1921-12-24
WOOL DEMAND FAIR.
PUBLIC UTILITY
BOSTON, December 24.-The

BOSTON, December 24.-The Com
mercial Bulletin says:
1.-THE demand for wool this week
has been of fair proportions, due In
part to speculation on the part Of
dealers, but also in considerable
measure to piecing out orders from
the mill, which meet the advanced
prices reluctantly. Fine and medium
wooIs are very firm and tending up
ward, while low woods are somewhat
higher, secured low South American
wools having shown an advance of
perhaps cents a pound for the week.
1.-The mill situation shows compare
lively little change, although rumors
from New York state that the goods
market is in slightly better shape,
which seems to be reflected more or
less in the yarn and tops market"
Evening star., 1921-12-24
BANK IMPAIRED ss,ooo,ooo.

MONTREAL, December 24.-The re-
serve account of the Merchants Bank
Of Canada, which recently became in
volved in financial difficulties. was i'm
paired to the extent of about $S,000,-
900, Sir Montagu Allan, president, de-
clared The figures quoted by Sir
Montagu were from an official report
of the banks affairs The reserve ac-
count of the Merchants Bank nomi-
nally stood at $9,500,0O0. The Bank
of Montreal has agreed to assume all
the liabilities Of the Merchants Bank
for the consideration of cash pay
ment of $1,050.000, together with a
payment of block of Bank of Mon
treal stock which would represent one
share of that stock for every two
shares Of the Merchants Bank of
Canada,
Evening star., 1921-12-24
CHECK TO UPWARD TREND DUE
TO MARKET READJUSTMENT
Weeks Reaction Normal Decline, Fol-
lowing Month of Almost Unbroken Ad-
vance-Year End Showdown.

gradually continue until 1t eventuates
into a period of normal production
and moderate, but reasonable. profits.
Lower Costs Necessary.
AS is well known. the chief OBJ
stacles in the way of the return Of
profitable conditions in industry Is
the inability to bring about a thor
| The principal difficulty in the path
of wage reduction is the cost Of liv-
ing problem, and, as everybody real
lies. the reason why more progress
has not been made toward a solution
is that the deflation OF wholesale
the consumer. but that middlemen
and many retailers have been getting
an undue benefit.
A campaign of investigation, with
view to Furnishing the guilty ones.
has now been projected by the De-
partment of Justice 1t ought to
have been undertaken long ago, but
coming even at this date it Is most
welcome. If this crusade accom-
plishes its object, in bringing to the
public the full advantage of the de-
cline in agricultural prices. it will be
the greatest single accomplishment
conceivable in the way Of helping the
business community back to good
times.
Buying Power Increases.
Next to settling satisfactorily the
cost of living question. the thing
most to be desired is a return to bet
ter conditions for the farmers. upon
| whose buying power SO much de-
pends for the country's domestic
trade In this direction the develop
| ments Of the past week have been
definitely favorable. -,
In cotton, the shock occasioned by
the discovery of the tremendous ex-
aggeration Of the crop shortage has
been more than counteracted by the
Improvement in trade demands both
here and abroad. In wheat. Europe
has come to realize that 1t has been
overestimating the crops OF !92l-I2
and that it is not as Independent OF
the American surplus as It had sup
posed itself to be two months ago.
The revival of the export demand
has given the wheat market the most
encouraging appearance that IT mas mas
worn at any time since late IN tne
summer. The big autumn movement
from farm to market is over II mas
been unusually heavy and has drawn
down farm supplies exceptionally far.
The grain trade Is beginning, there
fore, to get the reaction from the
state Of almost panic in which II
was thrown In the autumn oy VIVA.
\ now seems to have been unwarrantea
! reports of tremendous oversuppiy
Evening star., 1921-12-24
FORT FOOTE.

FORT FOOTE, Md, December "a
(Specia).-The Fort Foote Commun-
ity Club has been organized by cit
liens of Fort Foote and vicinity,
with a large membership and the fol-
lowing officers: Nathaniel E. Hun
gerford. president; Owen Thorne. vice
president: Miss Melva White. treasur-
er, and Prof. Lester P. Widmeyer,
secretary.
Joseph L. Blandferd and DR.. John
L. Sansbury spoke at the organiza-
tion meeting. The association will
work for road and school improve
ments, and plans, to provide recrea-
tional features for the young people
of the community. Regular meetings
will be held the second Thursday in
each month at pm, in the Fort
Foote High School.
Evening star., 1921-12-24
Grain. Produce and Live Stock
cRA1N AND PROvIsIONs.

BALTIMORE. December "a Speo
cjaD.-Potatoes, new. $50 pounds. 800
as.5o; No. 2, 1.75a2.00: 100 pounds. 1.6S
a22s; No F. 1SSaIia5: s%sa IS: So s~ee.s ,soa aoa
200. bushel. o0al.5o: No. 2. .5oa75:
beans. hamper. :,ooa5 800; bests, bushel'
scars: broccoli. oushel. 35a4o; brussels.
quart, 15a20; cabbage. ton. 40.00a45.0o:
carrots, bushel, LOO: caulifiower. bar
rel, 2.5oa45o; celery. dozen. 5oaSo:
crate, 2.25a5 90: cucumbers. crate. 500
a7.0o; eggplants. crate. 2:00a4.o0;
horseradish, bushel. 3.50a4.00; kale'
barrel. LOO.
Lettuce, basket, 1.ooas.0o: onions.
100 pounds, 5.o0a5.5o; No. 2, 2ooa3:oo;
oyster plants, bunch. sal: parsnips.
bushel, 7Ga90; peas. hamper, 4.ooa0.oo:
peppers. crate. 4.ooa6.oo; savoy cab
baee, bushel, 35a50: spinach. barrel,
$50; SQUASH, crate. 3.50a4.00: tomatoes.
crate, 4.o0a7. 90: turnips. basket. 25a35.
Apples. packed, barrel. 5.0OaS.e0;
No. 2, 4.ooa5.00; bushel, 1.25a2.50: box
apples, 2.ooa3.75; cranberries. barrel.
2o.ooa2s.oo: grapefruit. box, s.00a4.25:
oranges, box. s.5oaS.oo; tangerines,
strap, 7.00a9.00.
Evening star., 1921-12-24
FEW IDLE IN FRANCE.

PARIS, December 24.-There are
only 16.40o persons officially recorded
as out of employment in France. The
nation is now in a position to receive
foreign labor. Wages. however, are
low in comparison to scales existing
in greater Industrial countries. The
situation is regarded as unusually
good in view of widespread unemploy-
ment in Great Britain and other coun-
tries. Latest figures received by the
French government show that there
are. 1,423, 900 persons out Of work in
the United Kingdom.
A bill to regulate the importation
of foreign labor into France will
shortly be introduced. -
Evening star., 1921-12-24
RAILS TO SHOW HEAVY DROP.

NEW YORK, December 24.-Publi-
cation of Southern Pacific's earnings
November showing a loss in net as
well as gross earnings led to specu-
lation in rail circles as to what all
the class 1 roads will show for that
month. In the opinion of some OFF,
cials it is believed that November
net will not exceed $50.000,000, COM
pared with more that $100.000,000 for
October.
The causes for the expected drop
of. SO per cent lie in the sharp falling
off in tonnage following withdrawal
of a strike threat and rush of ship
pers to get tonnage through before
the threatened strike gave rise to q
heavy movement of traffic in October,
which was the peak of the year.
Evening star., 1921-12-24
EAGER FOR U. S. TRADE.

NEW YORK, December 24.-S. Alb
bott Maginnis, retiring American min
lister to Bolivia. has returned from La
Paz, accompanied by his wife and
children. He says there is splendid
opportunity for American capital to
invest in the natural resources of Bo-
Hvia. The people, he added, are well
disposed to the United States and de-
sirous of cultivating trade relations.
Mr.. Maginnis expressed the opinion
that the only thing standing between
Bolivia and an enormous development
was the lack of sufficient railroad ia
cilities.
Evening star., 1921-12-24
CRUDE OIL PRODUCTION.

NEW YORK, December 24.-Crude oil
production in the United States for
the week ended December II aver
aged 1,359,105 barrels daily accord
ing to official figures This compares
with 1.361,000 barrels in the previous
week, the record for all time, and with
1,29O,S75 barrels in the corresponding
week last year.
Evening star., 1921-12-24
MuNs0N LINES BIG YEAR.

NEW YORK, December 24.-At the
annual dinner of Munson line Of
ficials in their new building. Frank
ending next week had been the great
est in the lines history. He spoke of
the development of new routes and
the prospect of further extensions.
and referred to the records of the
steamships Southern Cross and
American Legion between New York
and South American ports as Of much
Importance to the trade between the
two Americas.