davidaulloa/AmericanStories huggingface dataset:
Evening star., 1922-04-15
OILS ARE LEADERS
IN CURB TRADING

NEW YORK, April Is (Special)-
Oil shares were the outstanding fea-
lures of the curb exchange today.
There was urgent buying of Standard
Oil of Indiana from the beginning of
business and that stock reached a
new high record. Mexican Seaboard
also acted well. At the opening prof
it-taking caused a drop of about a
point, but renewed buying developed
and a sharp recovery followed. Floor.
traders have been selling the oils re-
Gently because they did not share in
the advance which took place in other
departments. and covering was re-
sponsible for part of the advance
which took place today. Special at
tention was given TO issues which
are likely to be benefited by the
higher tendency in gasoline prices,
and this was the chief topic of dis
cussion among the buyers OF Stand
ard Oil of Indiana
In the miscellaneous group there
was considerable irregularity. Trad
ers apparently abandoned many of
these stocks temporarily and gave
their attention to the oils and some of
the mining issues, which were in good
demand and made a sharp advance. +.
Some of the leading commission
houses were large buyers of bonds.
The market was firm and advances
were quite general
Evening star., 1922-04-15
TRADE REVIEW.

NEW YORK. April 15.-Bradstreets
review of trade says:
The general impulse is in the direc-
ton of Improvement, and retail trade
and industry generally are better, de-
spite rains. bad country roads and
strikes The situation is necessarily Sc
irregular, however, that the character
ization of spotted perhaps best ex-
presses the general outlook. AS to the
weather conditions ii might be said that
the rains in the west, While delaying
crop work, holding Down spring retail
distribution and flooding the country's
streams and lowlands. have their COM
pensation as tending to greatly improve
future crop and soil conditions. The
strikes. however. especially that OF the
coal miners involving the voluntary idls-
ness of $500 men, is virtually tax on
industry as whole. just as truly as are
failure and fire losses, and constitute a
menace to all trade and industry AT a
time when nearly all other prospects are
pleasing
Evening star., 1922-04-15
TREASURY CERTIFICATES.
AuToSALEs NEAR RECORD.

NEW YORK. April 15,-If automo-
bile sales continue at their present
rate for another three months, 1t
would be surprising il there were not
a midsummer decline in business, says
Automotive Industries. Such sea-
sonal falling off has been perennial in
the Industry except in the, last two
years. There was none in 1921. and
in 1920 1t came in the second quarter.
Manufacturers and dealers are Just
beginning to realize how big month
March was. To find a parallel it is
necessary to go back to March, 1890.
which was one OF the three or four
bett months that the industry ever
had. All carload shipment records
since that time were broken
last month Last months! total was
annroximately $4,000. which il consid-
erabiy larger than 2o,s5o in August,
1921, the highest total in that year.
rha biggest month in 1920 after
March, with 29,326. was August. with
1886.
Evening star., 1922-04-15
BONDS WERE AGAIN.
: ACTIVE AND FIRM

By Special Leased Wire to The Star.
NEW YORK, April 15.-The demand
Tor foreign government external
loans and domestic railway mort
cages kept trading in the bond mar
sent many issues to new high prices.
Liberty bonds were moderately
active and little changed from Thurs
days close.
Among the foreign loans to better
their previous tops were the japanese
IS. Mexican IS. Argentine Is. Czecho-
slovakia SIS. Sac Paulo SIS and DEPART
nIent of the Seine Is.
T. French munitions rose fractionallyl 4
and the rest of the group slightly orr
held firm.
seabonrd Bonds Higher.
In the railway section. numerous
advances to new highs included the
seaboard Air Line adjustment 6s to
around 80, in sympathy with tho
strength of Seaboard stocks.
This display Of strength was due
10 tfe report that the financial posi-.
tion Of the Scaboard company rad
been greatly helped by government
Denver and Rio Grande refundinp
5s. the Katy adjustments Frisco in.
comes, Canadian Pacific debentures,
Chicago and Eastern Illinois generals,
the 81. Pauls, the New York Central
IS and Erie generals all worked into
new high ground, the last named at
an advance of nearly two points.
Industrial bonds were strong, with
American Sugar 6s and Framerican
Industrial Corporation 7ks at new
highs.
Canadians Act Well.
The fotation of the $4,000, 900
thirty-year per cent Province of
Ontario bonds this week was a ia
vorable influence in the New York
market for Canadian provincial bonds.
The market was active and very
strong. Ontario IS of 1928 were 99M
bid. offered at 1907; the 5hs of 1887
We're 102h bid, offered at 103h. and
the IS Of 1943 were 1O7 bid. offered
at 107A. Manitoba 6s of 1880 were
10OA bid, offered at 10l; the 5hs of
1912 were 102A bid, offered at 1929,
and the IS of 1916 were 1oS bid, OIL
fered at 1868.
A New York banking house has
been awarded s6.000.0 900 per cent
7-ls-year serial Illinois Highway bonds
at ss.S75 and they will be offered pubS
licly next week.
Evening star., 1922-04-15
WEEKS DEVELOPMENTS HAVE
CONFIRMED STREETS VIEWS
Investment Movement at Maximum-Re-
viewer Holds That Bctterments Are
Not Fully Discounted.

turn of international trade In Eu-
ropes favor and the further balanc-
ing of indebtedness to America
through the sale in this country OF
foreign bonds and the extension OF
private loans by business men here
credit must also be given to the ef-
forts which the experts at Genoa are
making to revise the relative value
OF the various currencfeB and fix q
new standard for the international
stabilized. II this is accomplished it
will mean doing away with the most
formidable obstacle that now stands
in the way of trade revival.
Steel Prices Advance.
Then, too. the news from our own
industrial centers has been Important.
There has been another series Of quite
sharp price advances in tho steel
trade, these advances partly due to
the desire Of buyers to cover their
requirements before possible serious
curtailment of steel output on &C.
count of the coal strike. In the oil
trade prices have likewise turned up
ward, thus settling a question which
has been the subject Of much differ
ence of opinion for. the last four
Movement Ii justified.
Regarding the Wall street markets,
they have had, as Is very well known,
two leading impulses behind them
since the first of the year. The first
has been the easing money situation,
the second the favorable view taken
Of the business outlook. To the ex-
tent that the stock market. since the
middle of January, has been discount
ing a per cent money market, q 3h
per cent rate for government financ-
ing and renewal of the trade recov-
cry which started last autumn. but
was interrupted in the early winter,
it's action has certainly been war
ranted.
Speculation Increasing.
But the stage has now been reached
where the danger lies of the discount
ing movement being carried too far.
The investment side of the markets
has been fully as prominent this
week as at any time before.
But the trouble Is that the specu-
lative side has become more promi-
nent and there is a threat that the
unusually strong background afford
ed by one Of the greatest periods of
investment activity of all time will
be abused by the current speculation.
If the market of the past week is
still some distance away from the
supreme pitch Of excitement reached
in October, 1919. and again in April,
1920. some Of its performances have
been out Of keeping. That is. they
have been altogether extravagant,
taking the view that we are not in
for any trade boom, but merely for
a gradual and orderly return Of busi-
ness to a normal basis.
Copyright, 1922. by The star.)
Evening star., 1922-04-15

All directors of the Norfolk and
Western were reelected at the an
nuaA meeting of the stockholders at
Roanoke. Va.
Sapulpa Refining net sales last year
fell of nearly $5,000,000, the total for
the year being only $3.S46.523, says
the report After dividends and other
charges, deficit was $l97,79S. as
against surplus of $162,1sS in 1920.
Locomotive shops of the katy"
road at Denison, Tex, which have
been closed more than a month. will
reopen April II.
National Ginners estimates con-
in March at $4,000 bales, compared
in March, 1921.
A new brick and tile company has
been organized at Easton, Md. with
capital stock Of $4,000. for building a
brick, drain. tile and building block
manufacturing plant.
Metropolitan Life halted business in
it's offices Good Friday SO that its en-
ployes could attend religious services
in the auditorium Of the building.
Payment of 8 per cent dividend for
1921 from April 20 lis planned by the
Eotterdamsche Bankvereeniging April
1s. Its annual report for the year
shows aggregate net profits of 15,149,-
320.34 form and ordinary reserves
will receive 100000 form.
Evening star., 1922-04-15
BY STUART p. WEST.
respondent Of The Star.

Special Correspondent Of Tho Star.
NEW YORK. April 15.-The past
week will go down as the most inn
portant Of the season so far in the
financial markets. The outstanding
incident was the rise in most Of the
United States war loans to par for the
first time that any of them save the
non-taxable 31ss, have sold there since
they were brought out.
This was the logical consequences
OF the Treasurys announcement that
the rate on its new Issue of six months
certificates was to be 3h per cent
the lowest since September, 1917.
These two occurrences considered
together were of great interest as a
land mark In American finance. They
meant the last step in the restoration
or treasury operations to a pre-war
footing. the removal of the last trace
OF the disadvantages under which the
government was conducting it's bor-
rowing during the war and postwar
periods.
Money Back to Normal.
Immediately following and probably
influenced by the action of the Treas
ury Department, the Bank of England
dropped its discount from 4 " to 4 per
cent. 1t was the second reduction in
two months and brought the rate back
to where it stood in July, 1914, the
month before the great war.
On both sides of the water official
recognition has thus been given Of
what has been plain for several
months past in the outside money
markets, namely, that money condi-
tions are back to a normal pre-war
basis.
At the same time the investment
movement of the last three-quarters
of year finds itself justified. This
movement aimed at nothing less than
obliterating the vast shrin4<age which
the war brought in investment values
through the abnormal rise in rates of
money interest. 1t accordingly set as
its goal the prices prevailing before
the war, and, great as has been the
advance since June, 1921, this level
has not yet been exceeded.
Conference Influences Exchange.
In several other respects the week
has been notable. The greatest eco
nomic gathering of all times is in ses-
sion at Genoa, and, while it is too
early to anticipate the results, the
markets of the world have shown
their inclination toward an optimistic
view. The principal reflection has
been In the foreign exchange move
ment, where sterling is back to with
In a few cents of it's high of March 1,
where French exchange has passed its
previous top of the year and where
all the other continental exchanges,
including even German marks, have
Joined in the upward tendency.
Undoubtedly the two prime factors
In this upward movement are the
Evening star., 1922-04-15
rnprIcN RnNns
THOUSANDS OF RUSSIANS
HISS AND BOO SEMEN0FF
By the Associated Press.

By the Associated Press.
NEW YORK, April 15.-Gen. Greg
orie Semenoff, ataman of the Cos
sacks, is still in Ludlow street jail,
waiting for s25.00o bail. Outside.
crowding the street, perched on rail-
ings. leaning from windows, even
sitting on edges of roofs. were thou
sands who waited for him last night.
not to cheer. but Ito hiss and boo"
the, leader of the Cossacks.
Most of the thousands who miiled
about the Jail knew the Cossacks.
Most of them were men and women
of Russian descent who live in the
thickly settled district. of the lower
East Side. If they did not know
themselves what the hard-riding Cos
sacks can do, they had been told by
their fathers or mothers who had fed
from Russian massacres, ana they
had no love for Semenof.
When the rotund general. with his
unmistakable mustaches, which flow
over his broad cheeks to points un-
der his eyes, was taken out for exer-
else the roaring hiss which came
from the crowd drowned all police
orders. There was concerted push
toward the Jail doors, but the crowd
could make no impression on the old
red brick walls.
Evening star., 1922-04-15
N. P. BUYS EQUIPMENT.

NEW YORK. April 15.-Northern
Pacific has awarded a contract to
America Car and Foundry for 1000
refrigerator cars, to cost about ST.
100000. which will bring it's refrig-
orator cars up to $500. The addi-
ton is made in anticipation of heav-
Ter traffic in perishable freight. espe-
cially fruit and potatoes. 1t has also
contracted with General Railway Sig
nal, at a price in the neighborhood of
100000, for the installation of block
signal equipment on 2o3 miles of line
between Dilworth, Minn., and Man.
dan, n. D.. which, when completed,
will give the Northern Pacific block
signal protection on 1900 miles of
main line. including 206 miles of dou-
Bile trackage in Washington and
Oregon.
Evening star., 1922-04-15
PETTED SALMON LOSE PEP.

OTTAWA. Ont. April 15.-Govern-
ment fish hatcheries have ruined the
morale" of the salmon of British CO.
lumbia, according to report. 1t seems
that when the wee salmon come into
the world at the fish hatchery they
are guarded against all enemies and
lose their protective instinct. So
when the salmon has come of age and
has been sent out in the cold world
he is as tame as cat" and when
he meets an enemy ''he stands with
his mouth open and accepts murder as
IL such a thing wss foreordained."
Evening star., 1922-04-15
ORDERS 10000 NEW CARS.

NEW YORK. April 15.-The largest
order for new equipment placed by
any railroad in the United States thus
far this year has been allocated by
the New York Central. The contracts
call for the delivery of 10000 freight
cars and seventy-five switching loco
motives. OF the locomotives thirty
ave will be manufactured by Amer
Joan Locomotive and forty by Lima
I,ocomotiVe American Car and Foun-
dry and Standard Steel Car Will turn
out most Of the freight cars.
Evening star., 1922-04-15
HUNGARIAN GAME COMING.

NEW YORK. April 15.-For the
first time since 1914 shipment of
more than 1000 game birds for
stocking the game preserves of Mon
tana has started on it's way from Eu-
rope to the United States, it is re-
ported. The cargo consists of $40
pairs of Hungarian partridges in
sixty cages aboard the Panaman,
which left Hamburg and is due in
New York on April IS.
Montana has purchased these birds
to bring back some of the game lost
by indiscriminate cunning in the
early days.
Evening star., 1922-04-15
500 VESSELS IN SERVICE.

NEW YORK, April 15.-An upturn
in the bareboat chartering of Shipping
Board vessels is officially noted.
Thirty-six vessels are reported now
in service under this form of charter.
including thirty-one cargo vessels. one
passenger, one tanker and three tugs.
Four hundred and thirteen ships are
under ALLEGATION to managing agents.
of which ass are freighters and the
rest passenger cargo vessels. refr1ge.
rators and tankers. Out Of the 1,43S
ships in the fleet, 1t is said, about 500
are in service or held ready Tor active
operation.
Evening star., 1922-04-15
DRY GOODS FIRM.
Has Not Barometer of Cotton Mar
ket for Factor.

NEW York, April h5 tspeciaD.-The
dry goods market was firm today, al
though it had not the barometer Of the
cotton market to go by. Many mills
declined to consider bids less than
ia cents for 3Shs-inch 64x60s and
SO for 39-inch 6Sx72s. Sales of wide
print cloths were in moderate lots.
Business was distinctly better in sheet
ings, sateens, drills and twills. and some
fine cloths moved in small quantities.
The silk market was firm but not ac-
tive, and was slow to respond to the
stronger trend in Yokohama. Thrown
silk was slightly less active. In finished
goods, ribbons were in better demand
Evening star., 1922-04-15
Rich Veal Soup.

slowly In water until the meat falls
from the bones. then remove the
bones. There should be about six
cups OF stock. Add two cups of diced
potatoes and cook until soft. Cut
the veal in small cubes When the
potatoes are done add the veal cubes.
one and one-half tablespoons Of
catsup and salt and pepper,
thicken slightly with one tablespoon
OF butter and one tablespoon of Hour
cooked together. pour over. one hard
cooked egg. which has been diced tol.
chopped, and put one-half lemon
tAinIy sliced on top. or add the lemon
Evening star., 1922-04-15
FELT HAT MEN UPSET.

NEW YORK. April 15.--Lateness of
Easter Is said to make the period
for selling mems spring hats Of ex-
tremely short duration. With barely
a month Intervening between the ''of-
fetal" opening of spring and the week
of the straw hat season. the opening
sales will have to be fast ana large
to make for a normal turnover. The
present weather is said to be causing
dealers concern. as It Is feared hot
u my would make of potential
felt hat customers; straw hat buyers.
That phase of the Situation. however,
- not worrying straw hat dealerR
Evening star., 1922-04-15
BIG Loss BY BOOTH.

NEW YORK. April l5.-Booth Fish
cries report for 1921 shows loss. of
$2.239.o44, after charges and depre-
citation. in contrast to deficit of
$793,662 In 1920. The company's cash
dropped from $906.92 in the previous
year to $B56,716, while accounts and
notes receivable were reduced from
$1.6se.223 in the preceding year to
S1,040,6l0.
Evening star., 1922-04-15
FAILURES TAKE A DROP.

NEW YORK, April 15-A decrease
In number OF failures is shown this
week compared with that of last
week. according to r. G. Dun & Co.
For this week SIG insolvencies were
reported. In the last week there
were 562 defaults and in the corre-
spending week in 1891 $50. The west
is the only section to show an in
crease this week. OF this weeks
failures 317 had liabilities of $4,000
or more, or 61.4 per cent. Last week
the ratio was 5s.2 per cent, and the
number of similar failures 1888. and
in the corresponding week in 1921
the number of similar defaults was
1S1 and the ratio was Sis per cent.
Evening star., 1922-04-15
LOOK FOR RECORD SEASON.

Z NEW YORK. April 15.-Ocean travel
from st. Lawrence will reach record
proportions this season, according to
reports from Montreal yesterday. Of
ficials OF steamship companies de-
clared that. Notwithstanding the large
increase in steamers in commission
for the first time, virtually every ship
is well booked up in advance: Tne
Canadian Pacific lines plan 100 sail
ings this year from Montreal. re-
ports that the ice is breaking up un-
usually early indicates full season.
Evening star., 1922-04-15
CIGARETTE OUTPUT DROPS.

NEW YORK, April 16.-Cigarette
production In Feoruary. 1922. totaied
S,f26, ,476.617, ~ compared with 4.123,-
I68,37z for the same month of 1921.
decrease Of 24, per cent. The report
also indicated a reduction of IL per
cent as compared with February,
1890. The cigar output was 80 per
cent below Q year 8go and "a per
cent below 1890. Smoking and chew
ing tobacco showed an increase
to II per cent, compared
with last year and snun production
increased IL per cent. -
Evening star., 1922-04-15
SPORT SUITS HELP WAISTS.

NEW YORK. April 15.-The infiuT
of tweed sport and knicker suits 10
bringing waist and blouse manufac-
turers their first considerable volume
of business of this spring. The in
creased demand is said to have been
in evidence in the last two weeks.
greater activity being centered in cot
ton waists. Overplaying OF the dress
vogue also is said to be responsible
for a return Of consumer demand to
waists and blouses for spring wear.
Evening star., 1922-04-15
PHELPS DODGE BIG LOSS.

NEW YORK, April 15.-Another
copper company which suffered Sc
verely from 1921 depression. was
Phelps Dodge Corporation according
to report. which shows q loss Of es.-
539,06S after charges, depletion and
depreciation. Those figures contrast
with net income Of $733,ll2, or $l.63
d share earned on the, $45,O00.O00 of
its capital stock in 1920.
Evening star., 1922-04-15
SUGAR FROM PHILIPPINES.

BALTIMORE. April 15.-The frst
cargo of Philippine sugar to be
brought here in several years arrived
Yesterday on the steamer Sugura to
the new American Sugar Refinery.
making the third cargo of sugar 10
reach port this week. With the re1
finery in full operation and its
product being sold here. three or
four cargoes of sugar are expected
each week.
Evening star., 1922-04-15
Nv the Associated Press.

NEW YORK. April 15.-Foreign ex-
change steady. Great, Britain; & ae-
day bills on banks. 4.ssA: France,
demand. s.ash; cables, s.29: Italy.
demand, 5.44; cables, SAN. Belgium.
demand, s.55; cables, s.55k. Ger
many, demand, 34h: cables, S4A.
Holland, demand, 1897; cables. Sf.so.
mand. $500. Denmark, demand.
21.22. Switzerland. demand. 1913.
Spain, demand, 1884. Greece, de-
mand, 4.50. Poland, demand, 2s.
Czechoslovakia, demand. 1.9S. Argen-
1884. Montreal, demand, s7z.
Evening star., 1922-04-15
Washington Stock Exchange

SALES.
Washington Gas 5s-s5O0 at e2E.
Potomac Electric 1st 5s-$l 600 at e6h,
81 900 at 95h.
Capital Traction-5 at 95x.
Washington Railway and Electric pfd.-25
at 69L, IS At 691,.
AFTER CALL
Capital Traction-25 at 95h, Is At 9Sh,
10 at 95h.
Evening star., 1922-04-15
Grain, Produce
LOCAL wHoLEsALE PRICE

Eggs-strictly fresh. selected. per
ooxen, 26; average receipts, rs; south
Live poultry-Roosters. per lb:, IS:
winter. per lb.. 4oal5; spring
CHICKENS. per To-. so; keats. young. each'
5oaso; fowls. 24a25.
Dressed killed win
ter chickens. per To-. 4oa45: hers; per
per h.. s5a4o; keats. young. each. 80;
Live stock-Calves. choice. per d.
10; medium. Sa9h; thin. SAT. Lambs.
Enoiee; 81 ee per lb.. 17a1s. Live hogs per
Green a fruit-Apples. per Dbl. s:oSa ! !,
oranges. per crate, 7ooa7.5o. Lemons:
per box. 5.oOa5. 50. Grapefruit. per ppes
hox. 4.0oa6.00. Florida oranges. 7.oos
500. Strawberries. 20a40 per at. -.
vegetablesLPotatoes, No. l. IL. pS. "a
Sweets. 2.5oa4.oo. Lettuce. southern.
per crate, 1.o0a3. 90. Romaine lettuce; a.
2.ooa2.5o. Cymblings. per crate, s;oUs on
300. Onions. 100-lb. sack, II l;o0ols'eeo' eo
Cabbage. new. per cwt., I.uoao.oU.
Cucumbers, 3.0oa45o Egg plants per
Florida. 2.oOas.5o. Beans. 2.5oa4;oo Per n
basket. Peppers. per crate. 2.ooa4.oo'
Kale, 40a75.
DAIRY MARKETS.
BALTIMORE. April Is (Speciall;-
Live poultry-Young chickens. per 10;
hens, 22a23; old roosters. 15a16; turkeys
hens. 45; young gobblers. 3b; old 10 LomS. na.
35; poor and crooked breasts. 2SaSo;
ducks, 22a2S.
; Eggs Gloss ,on,-Native and nearby
firsts, per doz., "a; southern. rs; duck
<,.k.w,
Butter-Creamery, fancy. per ID, 4oa
Al; prints, 41a42; nearby creamery. Soa
81; ladies'. z6a2S: rolls, 21a2s; store
packed, 21; dairy prints. 22a2S; process
butter, 26a27.
CHICAGO, April Is Omitted States
bureau of markets). - Cattle-Re-
ceipts, 500 head; compared with week
ago. beef steers largely Is to rs high
er: medium grades up most. Weeks
top prices-Matured steers and year
lings. 9.25; butcher she-stock gained
10 to 25: Gamers and cutters. STEADY;
bulls. steady to strong; veal calves.
largely LOO lower: stockers, strong
to 15 higher Weeks bulk prices
Beef steers. 7.40aS.40: stockers and
feeders, 6.50a7.25: butcher she-stock.
5.25a7.oo; Gamers and cutters. .50a
4.25; bologna bulls, 4.25a4.40; tVeal
calves, 6.5Oa7.50.
Hogs-Receipts. 5000 head; lights.
5 to 10 lower; others mostly steady
with Fridays average, closing fairly
active: shippers bought about 1900;
fairly good clearance; top, 1880;
bulk, s.S5a10.45; packing sows, weak
to 10 lower; pigs, steady to Is lower.
Sheep-Receipts. $500 head; to-
days receipts practically all to pack
ers direct: compared with a week ago,
wooled lambs. rs to 100 lower; shorn,
SO to rs lower: sheep. big. rs lower.
Weeks bulk prices-Wooled lambs.
15.00a16.25; shorn, 13.00a13.75: shorn
wethers. s.75a10.50I shorn ewes at
8.00a875.
Evening star., 1922-04-15
Eggs.

PITTSBURGH, April Is Especially -
Large shipments OF eggs are arriv-
ing here this week. One steamboat
brought a consignment of 1000 caseA
Best eggs may be had at retail at
~ cents a dozen.