davidaulloa/AmericanStories huggingface dataset:
Evening star., 1922-10-07
GOOD BUSINESS IN
LOCAL SECURITIES
Bank Shares NominalIy
Observation-Disclosures
Moves Up.
BY 1. A. FLEMING.

For the first Saturday Of the fall busi-
ness season the local stock exchange
opened for business and closed after es-
tabiishing a goodly list of sales.
There was no particular change as
a result of the days record, save the
special strength in Federal National
Bank shares, which closed at 1877 bid
and 210 asked. the highest nominal
point yet reached. All other bank shares
were very firmly held.
Then. too, Mergenthaler displayed a
brand of strength very encouraging 70
it's shareholders. when the stock topped
175 Il and closed with l75 bid and l77 u
asked.
Washington Gas shares were active
but somewhat lower. quite number OF
shares being absorbed at 5SHs to So.
The per cent bonds Of the same COM
pany sold at 95 "A
Railway preferred sold at 7Sk.
The IS of the Potomac Electric Co.
brought I0712.
Small sales of Capital Traction were
at 102 and 102ss.
Application to List.
Application has been made with the
listing committee a the Washington
Stock Exchange 70 list $2,00O.000
Wardman Park per cent bonds. The
issue was marketed some time ago.
The committee will pass favorably
upon the application after the neces-
sary posting of the application.
These bonds should sell well. not
only on account of the high rate. but
because of the further fact that the
corporation back of them assumes
the intangible tax of y of l per cent
in the District of Columbia.
To withdraw SsS,OOO.0OO.
Secretary Mellon has called upon
national banks to pay into their re
spective regional4 Preserve banks 20
per cent of the balance of funds in
their hands resulting from the sale
of the 3$4 per cent certificates.
The first call was for 5 per cent.
The second call is payable on Tues
day next. and will take out OF the
banks some S3s,OOO 900 of money.
Evening star., 1922-10-07
COTTON MARKETS.

NEW YORK, October There was
n considerable reali7ing and some
scattered southern selling in the cot
ton market at the opening today.
This caused irregularity. frst prices
being s points lower to 8 points
higher. but the offerings were ab-
sorbed by fresh trade or commission
house buying and the market soon
showed net advances Of IA to IS
points, with December selling at 21.75
and January. 21.60. The. week end
figures were commented upon a.
moderately bear1sh and the near east
ern news as showing no Improvement,
hut these features seemed to be off,
set by bullish reports froK .se goods
trade and reports that offerings OF
new crop cotton were being rapidly
absorbed.
Futures opened steady; December,
21.55; January. 21.3s: March, 21.56;
May, 21.55; July. 21.39.
Evening star., 1922-10-07
STOCK MARKET IS NERVOUS
BUT UNDERTOn IS FAIRLY FIRM
Industrial Activity, Large Rail Earnings,
With Easy Money, Bull Factors.
Near East the Reverse.
ct down as one OF its main charac-

set down as one Of its main charac-
terfstics.
Wall street. however. has had a
rather expensive lesson in the case OF
the steel stocks Of what 1t means to
overrate the effect of these mergers
upon security value.
Government Loan Terms.
No inkling has yet been given as to
the terms and nature Of the loan
which the government will soon have
to float to take care OF its maturing
obligations. The investment market
had got over its fit of depression due
to the fear that the competition OF
these new securities would weigh
heavily upon existing issues. Still
beyond a moderate recovery the bond
list has done little.
The impending treasury action re-
mains source Of restraint even il II
Is not occasioning the worry 1t dtd
fortnight ago. The one certain
thing is that the Treasury officials
will first of all have in mind the
safeguarding OF the market for the
likely to fix terms for the new Sc
curities which will make the older
bonds appear too high, where they
are now selling.
No Extra Strain ON Resources.
As for the effect upon the general
market 1t has to be remembered that
while the new securities will compete
actively with and possibly have a
slightly depressing effect upon the
older issues. there will be no extra
strain upon investment resources
The capital that will be absorbed by
the new bonds or certificates. which
ever they may be. will be matched by
the capital released from the victory
loan and the other war paper to be
retired.
Germany's Vicious Circle.
The fresh decline in the German
mark following a month of compare
tive stability has given another proof
Of the vicious circle in which Ger
man finance is working. AS the mark
goes down everything else goes up.
The rise in prices involves the need
of constantly expanding money
supply and credit supply. The only
resources to meet the currency scar
city and credit crisis threatened is to
keep on pouring out new paper is
sues.
This has the inevitable effect before
long Of fresh depreciation in the
mark, and then the whole process has
is extremely difficult to set bounds
upon the downward movement. A
foreign loan still affords the only con-
ceivable solution, but such a loan Of
the size that would be required IN or
der to do any real good seems vir-
tuaily out Of the question while Ger
many's reparations bill stands as 1t
does now.
The British banker. Reginald Nc
kenna. made highly important con-
tribution to the reparations discus
sion when he told the bankers con-
vention this week that the normal
way for a country TO settle a foreign
debt was through an excess of mer-
chandise exports over imports. and
that Germany at the present time
having no such favorable trade ball
ance. was in no position to pay the
vast sum demanded.
Copyright, 1922, by The star)
Evening star., 1922-10-07
JUDGE OPPOSES PLEA
TEST STEERS BLOOD
Court Takes Novel Plea Under Ad-
visement in Suit for
Ownership.

DIXON. Ill, October 7.-Appearins
before Justice Grover W. Gehant as
friend Of the court and also in be-
half OF the steer" for whose owner
ship two farmers are contestfng.
Judge William l. Leech Of the Illinois
court Of claims. opposed the motion
made by State Senator John P De
vine. attorney for one Of the contest
ants. that blood test Of the animal
be made.
Both farmers claim to own the
mother of the steer and have offered
proof Of parentage and Identification
marks. Citing two recent decisions
in favor OF the innocent offspring.
Judge Leech, as friend of the court
said mo blot or stain should be cast
on the steer because Of the possibili-
ties the steer has in society in later
life" He argued 1t might come in
contact with the Armours Swifts or
Wilson's OF Chicago or Kansas City. He
also declared there was but one other
case on record where the parentage
of the offspring was in similar doubt,
and directed the attention of the court
to the case Of George X. Harris. Al
legged child of Eliza, both prominent
characters in Uncle Toms Cabin"
Attorney Devine was not in court.
and has been given until next week
to reply to Judge Leech's argument.
Evening star., 1922-10-07
Commodity Reports
From Various Sections

fufDs
ST. LOUIS, October 7 (SpeciaD.-
The great federal fur auction sales,
at which the sealskins taken this
season will be offered. opens here
Monday. About $4,000, 900 worth Of
skins will be open to bids.
Fruit.
SAN FRANCISCO, October (Spe-
ciaD.-In spite Of the fact that many
grapes are reaching the market in
bad condition, demand is tremendous.
Prices in San Francisco market range
from $s5 to 500 a ton.
Lumber.
NEW ORLEANS, October (Spe-
ciaD.-Lumber shipments are de-
creasing rather than increasing AZ a
result Of lack Of cars. They have
fallen from 5s,o0o.000 feet week to
Sc. 900, 900. Orders for past week from
and and production II 900, 900. Mills in this
section hold 34s.0oo.oo0 feet OF un-
filed orders. Improvement in exports
is most notable feature Of lumber busi-
ness.
MINNEAPOLIS, October Z Especially.
Hardware sales are gaining. both
in volume and in money value. ac
,, cording to distributors in Twin cities
check demand.
Live stock.
FORT WORTH, October Z Especially.
howard trend in hog market. has
been most gratifying to shippers. and
has attracted to this center a large
number Of consignments from points
in Oklahoma. Market shows little
real change on sheep and lambs.
Canned Goods.
CHICAGO, October Z Especially
Canned goods market 10 quiet. except
mand and very scarce. Continue Cd
warm weather and large supplies OF
fresh fruits offer the explanation
The tomato pack 10 completed and II
Estimated at 100000 cans The corn
pack will be finished this week. The
quantity is still unknown.
Steel.
PITTSBURGH. October Z Especially
More stability is in evidence in the
steel market. Prices OF United States
Steel subsidiaries and independents
are coming closer together. The
change 10 inducing consumers to place
orders and bookings are on q liberal
scale.
Flour.
PHILADELPHIA. October Z (Spe.
cial)-Over q hundred western mill
ers will visit Philadelphia October 81
to inspect the huge new terminal fol
handling hour exports through thtl
port.
Machinery.
NEW YORK, October z Especially
It 10 announced Air Reduction, which
has started work on additions ia
plants ct Buffalo and Mtnnieapolis
will erect new plants 1t Milwaukee
11ttsbuxgh and Birmingham Thssa
Evening star., 1922-10-07
and Live Stock
GRAIN AND PROVISIONS.

BALTIMORE, october (SpeciaD.-
Potatoes w white. barrel. l;ooa1;so: 100
1oaso; yams. barrel. 125a1.5o: beans,
bushel. eoa1.10; lima beans, bushel.
275a3;2b: beets, 100, 2.5oa4.o0: broccoli.
bushel. 20a25: cabbage. 100. 4.00a6.0o:
corn. dozen. 1oas5; carrots. 100: s.ooa
barrel. 3.o0a5.00; cucumbers. bushel.
2.50a3.00: eggplant. basket. 65a75; let
tuce. bushel. 75a150: onions. 100
pounds. 1.ooa1.75; pumpkins. 100. s.ooa
500: peppers. basket. 3oa5o; spinach,
bushel. 4oaso: SQUASH: basket. s5a75:
stock. bushel, 5oa1.oo; turnips. basket.
50a70.
Apples. packed. barrel. 2.5oa5 90:
bushel. 1:25a1.5o: loose, barrel, 1.ooa
$50: bushel: 5oa1.oo; basket. 25a4o:
ries barrel. 1oooaii.oo: damsons and
plums. bushel, 1.5oa2.0o: grapes. 90
pound basket, 1.0oa1l5: grapefruit,
box. 4.50a6.5O; peaches, basket, 50a75;
bushel, 1.00a1.75; pears, basket, 20a50;
bushel. 1.75a2.5o.
Closing Prices At Noon.
Wheat-No. 1 red winter. spot, no
quotations; No. 2 red winter. spot.
1.221a: No. 3. 1.17A; No. 2 red winter.
garlicky: spot, 1.12: No. red win
October. 1.12; November, no bid.
Sales-None.
Bag lots of nearby. sample, 7sa
corn-cob. s.75 and 400 per barrel:
contract. spot. 7sss per bushel; No. 2
corn, yellow. No. . or better, S5h
per bushel.
No sales.
Oats-White. No. ?. 81 v per bushel;
Rye - Nearby. soaso per bush.l;
SIN per bushel: No. 8, no quotations.
Hay = Receipts. 26 tons: market
firm for fair to good timothy at
16.00a19.00. and fair to good mixed.
15:ooa17.oo per ton.
straw-No. ! tangled rye, la.cos
1900: No. / wheat 9.50a1000; No.
oat. nominal, 12.00a12.50.
CHICAGO, May 7.-Buying OF wheat
by houses with eastern connections
and some covering of a line Of short
wheat by a local professional tended
to give an upward tendency to values
Traders. however. were rather mixed
in their views, but inclined to oper-
ate on the bull side on account of the
strength in foreign markets. The
opening, which varied from un-
nneaESar enhanEsd figures ns,s to t.. higher; With
SS."oSa' 1.oVT2 ~ 4.VoD, ana Way,
1.0SA to 1.0sN. was followed by q
slight setback, then something of a
rally.
Trade in corn was rather light with
the strength in wheat a factor. After
starting shade to y higher. with
December, 61t to SIX the corn mar
ket underwent a slight general sag
Oats started unchanged to hah
up. with December, ssk to 3sk, and
then hardened a little on all deliv-
cries.
Provisions reflected the strength in
hog values.
Considerable week end evening-up
was under way toward the last, few
wheat traders caring to have an ex-
tended interest out over Sunday in
view Of the foreign situation, and
values ascended. The close was
strong. prices being up y to 1N.
With December LOTS to 1.07&, and
May 1.09h to 1.09A.
Corn followed wheat, and after
touching q new high on the present
upturn closed at gains varying
62M to 62N.
Evening star., 1922-10-07
BONDS
UNDER PRESSURE
BY GEORGE T. HUGHES.

By Special Leased Wire 20 The Star
NE" YORK, October Bond trad
ing was quiet and without particular
feature today. as is usual on the Sat
urday half day.
High-grade issues were in supply
Such bonds as Southern Pacific refund
ing 4s, Delaware and Hudson refund
Ing IS and Atchison general Is were
! inclined to be weak.
iodays movement, however, was
only a continuation of one that has
oeen In progress for some time. Large
noIoers apparently have been Iiquidat-
| ing part OF their holdings.
There Is some reason to believe that
mortgages.
The weekly statement of the fedora,
! reserve member banks. published to-,
day; is also significant. 1t shows
| decline OF 35.o0o.00O in investments
over the week preceding. OF course,
the market must absorb a part of this
surplus OF securities held by banks.
! De some weakness from time to time
Action in Liberties.
Liberty bonds maintained the
stronger tone displayed in the late
dealings OF yesterday. Changes In
! the regular list were irregular and
| mostly fractional.
Some attention was paid to short
term and callable bonds. BROOKLYN
Edison D Is equaled their high Of
the year at l09. Considering the fact
that this bond is redeemable at 1914,
| today's quotation indicates the favor
with which investors regard a Sc
curity Of unquestioned merit which
gives high current return even
| though the investment may prove
only temporary.
Foreign Bonds Lower.
| Foreign bonds were generally low
er, probably a reflection of the more
| serious turn in the news from the
near east last night. Both the French
| issues sold down, as did the Belgian
IS. Sweden IS. on the other hand, had
| a fractional advance
Evening star., 1922-10-07
THREE STARVE TO DEATH
AS BIG ESTATE AWAITS
Russian Heirs Of Baltimore Man
Victims of Poverty While
Executor Seeks Them.
By the Associa ted Press

By the Associated Press.
NEW ORLEANS. October 7-while
executors of the estate OF Ike Herd
man. who died here five years ago.
leaving property valued at $500. 900.
were trying to reach his relatives in
Russia. three of those relatives starv-
ed to death. This was the word that
caae to Felix ]. Dreyfous. notary and
executive for the estate. here. A son,
Mordke Herdman. and two grand
children. survive in Odessa. Russia. in
the direst poverty, the American Re
lief Commission in Russia reported
Their sufferings were enhanced. ac-
cording to the reports received by Mr..
Dreyfous. by the fact that. cold. hun
cry and destitute. they received more
than once, through the erratic Rus
sian mails. notifications of remittances
and packages of food that had been
shipped them by the executor. They
never got the money or the food.
They are still destitute. but still hop
ing. according to the report.
Herdman came here thirty years ago
and started life as an itinerant
glazier. Through real estate invest
ments he grew rich.
Evening star., 1922-10-07
REFINED SUGAR QUIET.

NEW YORK, October THE raw
sugar market was quiet and un-
changed at az for Cubas. cost and
freight, equal to 5.cS for centrifugal,
with no sales reported.
Trading in raw sugar futures was
light. and mostly of an evening up
character. Final prices were 2 to 4
points net higher. Closing: October,
3:s7: December. 335: March. 3.14;
May. 3.24.
Most Of the refiners were closed and
; little fresh business was reported In
refined sugar. Prices were unchanged
at 6.25 to $50 for fine granulated.
Refined futures nominal.
Sugar futures closed steady; ap-
proximate sales, 1900 tons. October,
s:s7; December. a.a5; March. 3s4;
May, 3.24.
Evening star., 1922-10-07
SAY THREE GREAT INFLUENCES
ARE SHOWING BUSINESS AHEAD
Reports Credit Good Trade to Price Ad-
vances, Increased Demand and Unchecked
Buying-Car Movements Behind.

will be paid for out OF current FUNDS.
No new financing is forecast.
Notes.
ST. PAUL, October (SpeciaD-
Reports from northwest rails 1ndi-
cate that shop forces Of the carriers
have recovered practically to the
point shown July. when the strike
started. Passenger train service Is
at normal. with trains abandoned
during peak of strikek again re-
stored to schedule.
/. PHILADELPHIA, October (Spe-
cial).-Out Of a force Of 1000 en-
ployes now working at the Disston
Saw Works here fifty were employed
when ground was broken for the first
building OF the present plant fifty
years ago.
Evening star., 1922-10-07
VAUDEVILLE STAR DEAD.
Marie Lloyd, London Favorite,
Made United States Tour.

LONDON. October THE death of
Marie Lloyd. widely known music
hall artist, was announced today.
She was a prime favorite for years
in the music halls Of London. where her1
piouancy and dash made a strong ap-
peal and numbers OF her songs
achieved wide popularity. In 1907 she
made q tour Of the United States
and visited that country again In
1913. She was born In London In ls72
Evening star., 1922-10-07
RETURN OF MILLIONS
TO BE LEGION DEMAND
Convention at New Orleans Also
Expects to Act on Demand Gen.
Sawyer Resign.
By the Associated Press.

BY the Associated Press.
NEW ORLEANS, October Proper
disqualification of veterans OF the
world war and return to the gov
ernment of millions OF dollars which
the American Legion contends were
stolen during and after the war by
''profiteers," will be foremost among
the issues to be brought before the
American Legion at its national con-
vention here October 1920, officers
Indicate.
Request for the removal of Brig.
Gen. Charles r. Sawyer from the posi-
ton Of co-ordinator of the federal
board Of disqualification because of
his alleged interference with the hos
nitalization program of the legion
also is expected to be considered.
Other matters due for consideration
include laws providing for the de-
nortation of aliens who have not be-
come citizens six years after coming
to this country. .and the Pershing bill
for a reserve army.
Evening star., 1922-10-07
ALEXANDER & co. FAIL.
PUBLIC UTILITY

NEW YORK. October Am invol-
untary petition in bankruptcy was
filed in federal court today against
Paul Alexander and James ]. Morrow.
jr.. doing business"in Wall street as
Alexander G. Co.. stock brokers. Liza
bilities were estimated at $4,000 and
the assets at $1,000. The firm holds
membership in the Consolidated Stock
Exchange.
Evening star., 1922-10-07

By the Associated Press.
NEW YORK, October 7-Foreign
exchange firmer. Great Britain-De-
mand. 4.42A: cables, 4.42h; sixty-day
bills on banks 4.4oH. France-De-
mand, .o761A: cables. .o761N. Italy
Demand. .o42s; cables. .o42sh. Bel
gium-Demand, .o711h: cables. .o712.
.00l sis. Holland-Dsmand. 1882;
cables, .3ss8. Norway-Demand.. .1770.
sweden-Demand, 1858. Denmark
Demand, .2037. Switzerland - De-
mand, .iss3. epain-Dsmand, 1918.
oreeco-Dsmsnd. .o3sS. PoIand-De-
mand, .oo1 y. csschoslovakiA- De.
mand, $40. Argentine, - Demand.
1857. Braxil-DemAnd, ,117k. Mos
trsal 400 s-sla --s.-.-.,.4-4A--.s.-.- s...44 --...al
Evening star., 1922-10-07
BALTIMORE EXPORTS GAIN.

BALTIMORE. October 7.-Exports
Of all grains from Baltimore. except
barley, showed an Increase for Sep
tember, compared with same month q
year ago. and for nine months period.
January 1 to September 30, corn ship
ments are more than double. Exports
OF flour show q falling on compared
with last year, doubtless due to the
lack Of facilities at the port OF Bal
timore in the way OF waterfront
warehouses especially adapted for
the loading out OF 6oiIn
Evening star., 1922-10-07
COUSIN OF MCKINLEY DIES.

PASADENA, Calf. October Will
,,.m MCKINLEY, seventy-seven years
IA cousin Of former President Nc
Rtnlsy. KIN died Of heart trouble here
whiis seated in q BARRIERS chair. He
CANE from Ohio with his family .
nnmber Of years ago. He 10 survived
hy q widow here. q son. George NC
K;nIey. at Picton. lows, ANd two
[6amxhters In California
Evening star., 1922-10-07
Washington Stock Exchange

Washington Gas $500 at 95Ii.
Washington Railway and Electric 4s-$20. 900
at 14a4, $1,000 at TAN. 81. .Oi3 at TAN, 81 .OOO
at 742., $1,000 at 7Ia.. 81. 600 at 74a4, $500
at 7Is.. 5000 at 7ia.. $1,000 ut I4a- .s
Potomac Electric s. IN. and ref. 7s-$l 600
at lO7I2.
Capital Traction-1O at 1925, 1s at 1o2.
Washington Gas Light-10 at 5s1s, 2o at
bS12, Is at 5s7s. 10 at 50. 25 at So.
I.anston Monotype--10 at s0l..
Mergenthaler linotype at 1853. n
175h, at 175. at iI5la. at 1I5ts.
AFTER CALL.
Mergenthaler Hnotype-1O at 1T5L.
Washington Railway and Electric pfd.-2O
At 7Sl..
washington Gas $500 at 9Jl..
Evening star., 1922-10-07
COTTON SEED OIL STRONG.

NEW YORK. October. THE cot
.on seed oil market closed strong.
Prime fS summer yellow. 800 bid;
prime crude, 700 bid. October. s.s5;
TSnvember. SIS: December, $50; Jan
nsry. S.5S; February. S:59: March.
s7b: @ April, s:75; May, $50. Total
sales, 29,200.
Evening star., 1922-10-07
ACQUITTED OF MURDER.
unwritten Law Justifies Staying of
Salesman by Farmer.
s,.ci,, nispa tch to The Star

Special Dispatch to The Star.
STAUNTON. Va, October 7.-Jim
Brown, farmer. was acquitted Of the
murder Of John Rankin. auto sales
man. in circuit court here. The jury
was out but thirteen minutes.
The verdict was based on the un-
written law. Brown having told story
on the stand that he was forced to
kill Rankin, his erstwhile friend. wfes
he found him roughly handling Mrs.
Brown on the Brown porch at night
and making improper proposals to herr
Evening star., 1922-10-07

Tho aboriginss inhabiting the MaIa-
bar Islands speak to each other ct .
distance By whistltng, the whistlers
being selected for their ability to
whistle loudly. They make this their
uyol3bo00h -. - =
Evening star., 1922-10-07
NEW york BANK srArEMrNr.

NEW YORK BANK STATEMENT.
NEW YORK. October Tho actual
condition OF the clearing house banks
and trust companies Tor the week
ahows . deficit Of S1a.oS1.so0. This
is a decrease ot 3s1.5ss.sSo from last
week
Evening star., 1922-10-07
Grain, Produce
LOCAL WHOLESALE PRICES

EEgs-strictly fresh. selected. candled.
per Dozen. 42a43: average receipts, 40;
southern. SO.
Live poultry-Roosters, per h.. IS;
turkeys, per lb.. 35; spring chickens. per
!p.' 20: Keats, young, each. 35aoO; fowls'
Dressed poultrv-Fresh killed spring
ccnickens. per 1b.. 32a35: hens. per ID.
Teaoo: ROSTERS. per lb., 20; turkeys. per
nj i4oaSo: keats. young, each. 5oaee. ~
1--we stock-Calves. choice. per io..
pay: Lambs. choice, per ID. 13h; 1--we
pigs' 2.ooaS.0o each; live hogs. per ID.
Green fruits-Apples, new. per bol.'
l;ooa5 20; per bushel basket. nearby,
ooa 80; Delicious. No. l. per bbi.: I.sO
as.oo: per box. 30oa3.50. California
oranges. per crate, 7.00aS.00. Lemons
per box. 5.00a7.O0. Peaches. per pas
ket. 1.50a2.00. Cantaloupes. ROCKY
iords' = ooa2 50; fats. 75a1.25; honey
vegetables-Potatoes. per Dbl. No; !.
2.00a2. 30: per sack. 2.00a2.50; No. 2, Qua
1.o0s Sweet potatoes. North Carolina.
h50a2.o0; nearby, 1.50a200. Lettuce, per
crate, 1.00a2. 90. Romaine lettuce. Loo.
Cymolings, per crate. 1.00a2.o 90. Onions
per sack, 1.50a2.00. Cabbage. West Vir-
ginia. 1.5oa2:oo per bbl.: nearby cab
bu., 1.00a2.50. Eggplants, per crate. ,aa
50a1. Beans. 2.oOa3.50 per Dbl. Peas,
2.00a3.0o per basket. Peppers. per crate
4oa75. Kale. 50a75. Spinach. per crate
5Oa1.O0. Lima beans. per quart, 3UaoU:
Celery. per doz.. 50a1.o0. Corn. 15a3o
per doz.