davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-07-06
Chicago Grain Market

CHICAGO, July 6.-Grains open
ed lower today and looked weak at
the start. At Liverpool wheat was
off 4 to B pence at 2 o'clock.
Here, opening prices We're:
Wheat, July, $1.02; September,
$1.02@A; December. $1.05@A.
Corn, July, 70 cents; September,
7SA ga cents; December, 61H@ Is
cents. -~
Oats. July, 3sh@A cents; Sep
TENDER, Bass cents; December, So
cents.
At the opening there was some
hedging pressure indicated in
wheat. The trade was light and
mixed with no outstanding individ-
ual feature. Trade was also light
in corn with commission houses on
both sides in a small way. Trade
was small in oats.
One house today says:
1T Is idle to attempt to fore
cast the rust problem In the
Northwest, but 1t Is becoming APP
parent that the news from that
section must be decidedly unfavor-
BILE, II buying power In the market
Is to be improved sufficiently to
absorb the movement OF winter
wheat. Weather conditions over
spring wheat territory will deter
mine the course Of prices"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-07-06
s 7 OCKS SHOW
STEADY
TONE
Rail, Oil, and Motor Shares
Strong in Early
Trading.
Bv Cosmopolitan News Service.

NEW YORK, July 6.-Steadlness
was noted in the first two hours
trading on the stock exchange TO-
day. Sentiment was somewhat I'M
proved, due to the rallying power
shown in yesterdays late trad1ng'
and bearish propaganda was not as
general as recently. Bears tried 10
exploit the 2A per. cent drop. IN
the Federal reserve ratio to their
advantage, but these efforts were oI
little avail, as this decline was al
rectly due to the huge shifting OF
funds, incident to the extensive MD
year financing. UnQuestionably the
position will be corrected next week.
Stocks receded only slightly from
their previous ~levels, and then
turned extremely dull. The action
of the market clearly indicated Its
sold out condition, and hardening
tendency became noticeable, as soon
as pressure was lifted.
With liquidation in the railroad
group completed, most issues were
able to give a better expression to
the prosperous conditions surround
ing the transportation industry. The
recent selling had forced many high.
priced issues below their intrinsic
value, and today's recovery served
as a partial corrective Of a greatly
overdone downward movement. Can
adam Pacific, Northern Pacific, and
New York Central were we'll
bought and about a point higher.
Southern Railway, Rock Island, and
Baltimore and Ohio led the re-
covery among the low priced rails.
Oil stocks, despite announcement
Of additional Oil cuts, displayed
steadiness. Pan-American was again
prominent, advancing to above So
for a gain of more than a point.
Changes in other oil stocks were
fractional.
Strength in motor stocks fea-
tured the industrial list with Mack
Truck rising 2 points to 80 on ex.
pectation of an excellent earnings
statement for the first six months
in steady demand from sources
closely identified with the affairs
Of the company, and Studebaker ad.
vanced to 102.
Steel, equipment, and copper is.
sues were in good form, without
showing, however, any great buying
power.
Shorts in Corn Products were
made uncomfortable, this issue i'm
proving IL at 1881 on only a
small amount of buying. Industrial
Alcohol and American Can felt the
influence of steady accumulation
both advancing more than a point
Call money renewed at AZ per
cent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-07-06
Bus Line Earnings.

Earnings of the Washington
Rapid Transit Company for the first
six months of the current year
aggregated $16,045. according to re.
ports filed with the Public Utilities
Commission. This was almost
double the earnings for the CORE.
spending period last year, and in.
cluded two of the high months since
the company has been in operation.
The company this week filed appli.
cation with the Commission for an
increase in fare. A review of the
company's earnings, month by
month, shows a constant gain with
the exception of the period when
the Union Station liAe was in opera
ton.
The net corporate income for
June was $1,346, against $2,774 in
May and a loss of 81 ,O20 in June,
1922. In April. however, the net
was $4,036, which was the peak
month. The number of passengers
carried shows a gradual increase.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-07-06
SMALLER BANKS
COOL TOWARD
RESERVE
Do Not Seem Disposed to Join
Federal Reserve
System.
BY HARRY GUSACK.

: The smaller State banks and trust
companies throughout the country
do not seem at all disposed to enter
the Federal Reserve System.
The select Congressional commit
tee created at the last session of
Congress to investigate the Federal
Reserve System with especial refer.
ence to the absence of small State
banks and trust companies from the
system, is finding these banks cool
toward the proposal to join.
Ten thousand missionaries were
sent out by the committee and only
10 per cent of the replies were ia.
vorable to the system. The over
whelming sentiment seems to be
antagonistic. Out of all the banks
In Pennsylvania, but one was found
disposed to enter the system.
Resent Policies.
The propaganda carried on all
last winter against the system by
farm bloc Senators and others seems
to have taken root in the minds Of
most of the small State bankers
and they show resentment toward
>the credit policies which have been
blamed on the Federal Reserve
paigns of John Shelton Williams,
former Comptroller of the Currncy,
are believed to have had consider
able effect, the attitude of Senator
Helm, of Alabama, as represented
by his statement that he would
rather believe the figures of Mr..
Williams than those off the board
apparently being shared by many
non-member banks. The funda-
mental prejudice seems to go back
to the charges of deflation made
against the board at a time when it
was expanding loans at an UMPIRE
cedented rate.
Two recent actions of the board
have increased the antagonism of
the State banks. The first was the
withdrawal by the board of redis-
count privileges for non-member
banks. The second was the board
decision in the Cuban agency mat
ter. Southern State banks, which
are very numerous, think that the
Federal Reserve Bank of Atlanta
was prejudiced in the decision and
: the Federal Reserve Bank of Bos-
ton favored.
What effect the latest board rul.
ing. Withholding clearing privileges
from non-par-paying banks, will
have remains to be observed.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-07-06
Open. High. Low. Close

Open. High. Low. Close.
Money on call. 5 -. %. -.
Stocks sold up to
liam l2noon. 1p.m. 2p.n.
136,700 239, 900 ........ ........
Bonds sold up To-
IL am IL noon. 1p.ln. Bpm.
2,S49,000 1881 900 $500. ........
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-07-06
Foreign Exchange.

NEW YORK, July 6.-Opening
foreign exchange.
Sterling. demand, 4.555s; cables,
4.55H. Francs, demand, .0580A /;
cables, .0580%. Lire, demand,
.04271s; cables, .0428. Belgian, de-
mand, .0479; cables. .0479h. Marks,
100, 480 to 81. Czechoslovak kronen,
demand, .03O01z; cables, .0S01. Swiss,
demand, .1718; cables, .1720. Guild
ers, demand, 1925; cables, 1928.
Pesetas, demand, 1920; cables, .1422.
Swedish kronen, demand, .2642; ca
bles, 2646. Norway, demand, 1903;
cables, 1907. Denmark, demand,
.1735; cables, .1730.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-07-06
Oppose Tariff Revision.

:. At conference Of leading bankers
neld here yesterday the American
Bankers League was formed, with
S,OOO banks. representing every
State in the Union, as charter mem.
bers of the new organization. Ma.
tlonal, State and private banks were
all included. Charles B. Claiborne,
Oh New Orleans, was chosen chair.
man OF the organization committee
and j. A. Arnold, of this CITY viii
De secretary in charge of the Wash.
1ngton work. National headquarters
nave been opened in the Munsev
building.
The purpose of the League. as
announced by its declaration. is I'd
provide a medium for the bankers
OF the Nation to express their views
collectively on the economic prob.
IeIns OF Government, especially on
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-07-06

the tariff, taxation and fiscal poll
cies. The league will greatly aid
Congress and Governmental agen-
cies in securing the accurate judg-
ment of the bankers of the country
on the important matters men,
toned" declared President Clai-
borne, "and small country banks
that have not heretofore awaited
themselves of the right to come to
Washington and speak will have the
same opportunity to be heard
through this organization as the
greater financial institutions in the
large cities"
One Of the first activities of the
American Bankers League, It was
announced, will be to oppose a gen.
eral revision Of the tariff law by
the Tariff Commission.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-07-06
Oil Stocks.
(Furnished by w. B. Hibps & Coz
4 ngIo- Am oil co. new 14NI 14%

-
Anglican. OIL Co. new. 14A 14%
rne-scrymser Go. ...I12o 125
Buckeye Pipe Line Co.. SO go
Chesebgh Mfg. Co. 49,. 225 Ego
Continental Oil Co.. ...@4S4 SO
Crescent Pipe Line Co. IS IL
Cumberland Pipe Line. 81 100
Eureka Pipe Line. -. 102 lO4
Gal. Sig. Oil Co. conn.,. SO so
Gal. -Sig.Oil Co. pfd.. Ill 115
Illinois Pipe Line Co.,. 157 $50
Indiana Pipe Line Co... 80 81
National Transit Co.. =. ~ 70
N. Y. Transportation Co: IS 100
North. Pipe Line Co..>.. 96 SO
Ohio OIL Co. .......... 81 SO
Prairie Oil & Gas Co... 176 178
Prairie Pipe Line Co.. 95 81
Solar Refining Co. -. 10 1870
South. Pipe Line Co.. "a SO :
South. Penn. Oil Co.. 1913 1872
| S'wern Penn. p. L. Co.. 70 SO
! Standard Oil Qnd). H.. SO 53K
Standard Oil Co. (Kan.). 80 40
Standard Or Co. Ry.). IS SO
| Standard Oil Co. CNeb.). .l20O 210
Standard Oil Co. -tN: W. Ssh 36A
Standard Oil Co.@tOhio) I275 1855
Swan & Finch Co... 25 80
Vacuum Oil Co.. 431h AZ
Washington OIL Co...... % q
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-07-06
ADSHsqBaHHHHg B SINESS AND FINANCE FH#aa
Local Stocks.
SALES.

0A14ES.
Washington, Baltimore and An
napolis IS, $1,000@70.
Washington Railway and Electric
As, $2,OOOQ7OA, $2,O0O@70A.
Wardman Park Hotel IS, $1,000
@9s.
Washington Railway and Elec'
trio, pfd., 1O@715s, 5@71%.
Washington Gas Light, 5@4S, 2
Firemen's Insurance Company, 9
@19h.
Lanston Monotype, 10@75. 5@75,
After call-Washingto Gas Light,
10@48, 10@4S.
Capital Traction IS, $500@97.
$5OO@97.
Washington Railway and Electric,
pfd.. 5@71A, 10@71%.
Money-Call loans, sos per cent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-07-06
American Telephone & TeIeSr aph Co.
135th Dividend.

A0Otn DIVIDEND.
The regular quarterly dividend Of two
dollars and twenty-five cents per share
will be paid Monday July l6, 1928,
to stockholders of record at the close
OF business on Wednesday. June 20. 1922
H. BLAIR-SMITH Treasurer.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-07-06
Curb Stocks.

FURNISHED by W. B. Hibbs & Coz
Prices at noon: Bid Ask
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-07-06

"Ex. dividend
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1923-12-14

CHAMP Will GIVE
ALL AN OPPORTUNITY
Dempsey Says HeaVyWeiehts Will
Get Chance at Grown

New York. Dec. 14.-Jack Dempsey.
worlds heavyweight champion, arriy-
ed in New York yesterday, ready 10
map out his 1924 plan OF campaign.
He and Jack kearns, his manager.
probably will confer with Tex Richard
within few days regarding return
match with Luis Firpo and possibly
other engagements, but the titleholder
probably will not climb into the ring
again before the outdoor season.
"All of the leading challengers are
to be given their chance" said Demp-
sey Tom Gibbons Harry Wills and
Luis Firpo are the boys who seem
most entitled to crack at the crown
and they'll get it. Whether an elm
ination tournament will be arranged,
] don't know, but unless such tour
nament is staged and the best of the
three contenders decided, I'm willing
TO take them on one after the other"
Jack came here to go to work. 81
kearns declared. "He has been Of
fered vaudeville tour. motion pic
ture engagement, and an extended
program of exhibitions in this section,
but we haven't decided which to ac-
cept."
Dempsey made the trip 10 New
York from St. Louis He was accom-
panied by a secretary, trainer and pet
dog.
The champion may appear, either
In an exhibition or as referee of one
Of the bouts connected with the
Christmas fund events at Madison
Squart Garden next Monday night.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1923-12-14
PLAY new HAVEN TONIGHT


The An New Britain basketball
team Journeys down to New Haven
tonight to attempt to crack one OF
the toughest nuts in the state
baskeballicaIly" speaking.
. The local boys will stack up against
the Atlas \. c. al Music hall and bet
ter than this team there are few
around this neck of the woods.
New Britain will use Babcock and
Taylor as forwards with Larson ana
Kilduh as guards, with LaHar and
reletier as relief men and "Chuckie"
Wojak al center.
Against these New Haven will put
its best.
Tomorrow night the southington
Kaceys will meet the local boys at the
Arch street armory, bringing with
them Hartford and Coyle. forwards
Flynn. center, Gill Hatnor and
"Snowshoc" Sheehan, guards. The
game will be called al or a hit
earlier, giving ample time for the
usual Saturday night dance at the
conclusion.
In the preliminary game the city
league gets under way with the indie
pcndcnts aud Eagles clashing.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1923-12-14
HARTFORD Chosen
FOR "a SESSIONS.
Minor Leagues Will Hold Meetings
in Nearby Village

Chicago, Dec. 14.--Restoration OF
the draft with a slight modification
was accepted by two class AA leagues,
the Pacific Coast league and the
American Association, here yesterday,
acting independently OF the Interna-
tional league, which refused to con-
slider the draft proposal.
The American association and the
Pacific Coast league. under the new
draft arrangement, agree to accept
surplus players from the major
leagues under conditions that they will
be eligible to the draft for price of
five thousand dollars.
This was the plan submitted to the
Pacific Coast league, the American
association, and the International
association, and the international
league in addition to the other minor
leagues, year ago, but was rejected
by all leagues with the exception of
the Western.
Under the new plan, the major
league players released to the clubs
in these two leagues will be eligible
to the draft, one player only ito be
iioii taNI Nlui. NV pay
ers developed by the club will not be-
subjected to the draft. v
Officials of the two leagues said
their clubs would be benefited mas
much as players with major league
training would be available.
With the major league meetings
out of the way. the minor leaguers
had the stage TO themselves yesterday.
The National Association of Profess
sional Baseball leagues voted to hold
their 1924 meeting in Hartford, Conn.
The National association officials
also adopted IA resolution placing the
minor league managers in the same
class as players as regards to their
contracts. The resolution provides
that no minor league manager shall
accept a bonus in addition to his
salary and that he will not be paid
sums for the sale Of play
ers developed,
The minor leaguers, while not TAX
ing any official action. opposed meet
ing in the future with the major
leaguers. The minors declared they
wanted to hold meeting of their own
to solve their own problems without
consideration OF the major leagues at
future sessions.
President johnson of the American
league and John \. Heydler of the
National league, plan to meet today
with Barney Dreyfus. Of Pittsburgh,
10 arrange a schedule OF, the 1924.
season of the majors They have
A -
opening date. The meeting will take
the place OF the usual scheduled meet
ings held In January.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1923-12-14
EPINARD TO RACE HERE
The Best American 1924 Thrcc.year-
Old Mill Get Chance al the Ia
NOUS Spesistcr.

New York, Dec. ii.-Thc best 1924
four-year- old American horse will
have a chance 10 meet Epinard,
champion three ear-old OF France, in
open competition IN the United States
next summer. NJ. Pierre Mertheimer.
his owner, announced last night al the
close OF "A series of conferences with
American turfmen.
Al least three sweepstakes have
been planned In which I;pinard will
be entered. he said. and racing bodies
will BE- invited TO bid for the privilege
OF holding one. Of the series. Epinard
win be brought here probably In July.
IL was said. The races would be at a
mile and quarter and a mile ana a
hair with possibly a six furlongs race
as q starter.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1923-12-14
FAST MESATHM {. A. TOMORROW
AFTERNOON AND EVENING; TOURNEY
FOR HAND BALL EXPERTS GOES ON
APPROVE R. |. CHOICE
Choice of Rhode Island Country Club
Links for 1921 Woman's Golf
Championship Tourney Satisfactory

New York. Dec. 14.-Selection OF
the Rhode Island country club links
for the 1924 women's national golf
championship has met with satisfac-
tion generally among women golfers
of the nation. Mrs. Fl. Arnold Jack
son. chairman of the womans ma
tional committee, declared today,
Yesterday Mrs. Jackson sent petit
ton to the United States golf associa-
ton requesting the date for the event
to be set for the second week in
September.
THE Rhode Island club is one of
the most beautiful courses / have ever
played" said Mrs. Jackson. 1T is
difficult, with numerous water haz-
ards, but fair and fine test of golf.
l think the tournament there will
prove one of the best we have ever
had"
The woman voted for a September
date for the tournament, Mrs. Jack
Jon added. in an effort to avoid bad
weather. The weather in October,
she pointed out, always was uncertain
in the east
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1923-12-14
Boston University VIII
Play Army Next Season

I;ostoH. Dse. 18--West Point p4a
play Tsoston university iH football for
ihr first tirnr Hrxf saaagl. accordlng
10 thf 1874 schedule marie HaHsfg
yesterday 8y tte HovtoH University
ATHLETIC association. Harvard Mid
1ifBury anH TIRE t-nitrrssfg or Maine
are iart- % the IsostoH university
program. The sebednfe- Ot.tsl.s.r
University ~ Mairr. at Drouo: Ia.
Holy Cross. al Worces3er. Us. Era#-r
~ Pros ilsrtf: g. West Point ~ west
Point. Sss er1tar ?. Harsa-I ~ cam
bridge %Uf efnber s. i5aTtuouth At
Hanorefs a., aiiddtebuFg ~ Boston.
=. 0pen.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1923-12-14
AN AMERICAN TEAM
Tentative TrapshoOting Outfit for
Olympics Il Announced by Anna
teur Trapshooting Association.

Chicago. Dec. IA tentative trap
shooting team for the Olympic games
at Paris next year was announced to-
day by the zone chairmen of the
Amateur Trapshooting association. 1t
is made up of one shooter from each
OF the five zones OF the United States
and three members chosen at large.
as follows:
Pacific coast zone, Frank NJ. Troeh
Of Portland. Ore, Prairie zone, Frank
Hughes, of Mobridge, S. d.; Great
Lakes zone. w. II. fawcett of Rob-
binsdale, Mimi; southern zone, Paul
Earle OF starr, S. C.; eastern zone,
George S. McCarty: at large. Fred
II. Etchen OF Coffeyyille, Kas.: 5. H..
Sharman of Salt Lake City, Utah; and
w. :. Silkworth OF New York city.
An alternate for each principal also
was named. and the final selections
the announcement said will be deter.
mined 10y the ability OF the men
themselves either IN elimination races
or practice shooting up TO the time
of the Olympic matches. The team
members probably will have 10 pay
their own expenses II was stat.i
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1923-12-14
SHUGRUE FIGHTS TONIGHT


New York, Dec. li.--Iuis Nicen-
TIM latest puglistic sensation sent
forth by South America will meet his
biggest test so far when he battles
Johnny shugrue of Waterbury, Conn,
In a 12-round match tonight at Madi-
son Square Garden.
Nicentini who holds the Chilean
lightweight title has knocked out
three opponents In row since COM
ing 20 United States In September.
shugrue has seen little action since
he trinmphed about year ago over
Elini Flores. Filipino lightweight.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1923-12-14
Criqui Is Unable TO
Eefend Boxing Title

Etaris. Iyec. 1s-In a letter 10 the
International Boxing federation yes
tsrday. Eugene Criquifs manager. ".
Eu8eiiuf. announces that tire former
featherwtight champion Of the world
would D. physically unable 70 meet
E5ouard HaseaFt 70 defend his Euro
psan championship within the period
o. delay fixed ~ tire federation. that
h. renounces THE privilege q de-
naming thF delay and that he can
not aecegs Baseart's challenge.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1923-12-14
Kansas City Blues Are
To Train on the Pacific

Los Angeles, Dec. 1.-THE Kansas
City Blues, 1928 champions Of the
American association, will train at the
Maier Baseball park, Vernon, accord.
ing TO word received here. A tenta-
tive schedule for exhibition games in
March has been arranged.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1923-12-14
BROWN SWIMMING CARD
Providence Mermen VIII Tackle the
Yale Water Experts at New Haven
on February 20.

Providence, Dee. i4.---Thc Brown
university swimming schedule for this
season as announced today is as fol-
lows.
January %, Johns Hopkins; Febru-
airy 10. Springfield; February 20, Yale
ut New Haven; February 20, Dart
mouth at Hanover: March 1. Navy al
Annapolis; March 4. NJ. /. H.. March
t4-l5, intercollegiate at Hanover;
March 2S-29, intercollegiate at New
York.
New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1923-12-14
Spalla Wants Work

Newark, n. j.. Dec. l4.-Nick Klein,
American manager for Ermenia Spala
OF Milan, Italy, European heavyweight
champion. last night announced he
had cabled Spala TO come To America
and that he expected the fighter to
arrive by the third week in January.
Efforts are to be made this week,
Klein announced. to interest Tex
Richard in promoting a bout between
spala and Dempsey Wills, Gibbons or
Tnnney. Klein stated that Spala had
refused TO meet Firpo in the Argen.
tine.