davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
FRENCH BONDS
AT new LOW
MARK
Sell Below 90 for First Time
Since Listed in
June, 1921.
BY MUNROE ROBERTS. !.
Copyright, 1923. by Cosm opolitan
Navva SaArvicaN ~


NEW YORK, Jan. 26.-F'or the
first time since they were listed
on the New York exchange, in
June, 1921, the French government
712 per cent bonds have sold below
80. This price was generally re-
garded as the point of resistance"
for the high coupon French gov.
eminent security. The per cents
have also descended to a new low
point.
There is general impression in
the financial district that q good
quantity of the French government
securities are beiug bought for the
account of foreign investors, both
in France and in other continental
European countries. If these in.
vestors are satisfied that the
French government bonds possess
the elements Of safe security they
are acquiring bonds at a very at
tractive price, one that will give
them an excellent yield and gives
them discount of nearly 20 points
from the high prices of last year.
The three most important. ele-
ments of any investment are:
Yield, market ability and safety.
The third government bonds pos
sess the first two qualities in good
measure. but the real question
hinges on the third.
In connection with the financing
of the acquisition of the LaclEa-
wanna Steel Company, the .Bethle.
hem Steel Corporation is in the
market with an issue OF SIS zoe, eco
Of 5h per cent thirty.year con-
sc.idated mortgage bonds which are
offered to investors today. The
purpose of this financing IL to re.
tire $1O,862, 900 Laclxawanna Steel
Company first mortgage bonds, and
to provide for the unconverted
balance Of $11 900 900 series e gold
notes which fall due on July Is,
1923. AS security for the bonds,
the Bethlehem Steel Corporation
places the $50 100000 Laclxawanna
plant and also liens upon the first
plant of the Bethlehem Steel Cor
poration having a deprecated book
value. The Guaranty Trust Com
pany of New York and the Bank
ers Trust Company are distributing
agents for the new issue.
Public offering is also made of
an issue of 100000 refundirig
and general mortgage sinking fund
thirty-year 51z per cent gold bonds
OF the Republic Iron and. Steel
Company to yield about per cent.
These bonds are being sold to REIN.
burse the company in part for
capital expenditure. The entire
bond debt of the company after
the present issue will be about
$23 ,065, 900, while the value OF all
the assets will be more than $112,.
600, 700. The annual earnings Of
the Republic Iron and Steel Com.
pany for the ten-year period ended
December 81, 1921, have been about
five times the interest charges on
the outstanding bonds.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
POLICEMAN SHOT WHEN
HE HALTS RUM TOTER

STEUBENVILLE. Ohio, Jan. 26.
Police and officials of this and
surrounding cities were searching
today for a man giving the name
of Nincenzo Campagnia, Of Pitts
burgh, charged with shooting and
probably fatally wounding William
Snyder, night patrolman at Mingo
Junction, near here, in "A success
full escape.
SNYDER and another officer had
arrested Campagnia with Il suitcase
full of liquor at MingO junction
early today. While walking toward
the Jail he escaped from the officer,
drew a revolver. shot Snyder
through the abdomen and escaped.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
FILM PLEASES
REAL ESTATE
BOARD
"Life's Collateral" Shown al
Meeting, Wins Vote of
Thanks.

Enthusiastic over the showing OF
"LifeS Collateral" a motion pic.
ture film with realty angle, =
which occupied twenty-five minutes
Of their meeting last night at the
Wardman Park Hotel, the Washing
ton Real Estate Board passed a res
olution thanking The Washington
Times-Herald for the courtesy of
staging this unique entertainment
in its behalf.
Lee D. Latimer, who has long
been an official of the board, intro.
duced the resolution, and all Of the
realtors proclaimed the picture as
dandy film with worthwhile
message.
Briefly, the story Of "Life's Col
lateral depicts the ultimate differ
ence between two young men, one
of whom lives in an apartment and
purchases an automobile and the
other of whom purchases q lot
and build a house on it.
H. G. Kennedy, chairman of
the entertainment committee, had
charge of the program which was
thoroughly enjoyed by all present.
Paul Steinbrecher, former presi-
dent of the Chicago real estate
board, outlined to the members of
the board the progress being made
by the national association In
standardizing real estate practices
and elevating the work on a pro-
fessional basis.
Milton r. Schwab, reporting for
the membership committee, stated
that forty-nine memberships had
been secured and outlined the &C.
Invites the committee has under
taken for further promoting the
growth of the board.
Charles w. Price, secretary OF the
Washington Safety Council, appeal
ed to the board for support in de-
veloping the permanent safety GAM
paign.
Executive Secretary John A. Pet
ty, in reporting on the recent meet
ing of the national association in
Jacksonville, stated that the prin-
cipal accomplishment was the COM
pIetion of the reorganization plan,
approved at the fall meeting, which
called for the creation of separate
divisions Of the national association
for the purpose of developing spe-
ciaiized information and data.
William f.. Shannon and John A.
Petty have been honored by being
named members Of the executive
committee Of two or these divisions.
Ward D. williams, vice president
of the Community News Service Of
Chicago, snrodurers Of the motion pic.
ture showed by THE: ,Tiffe- Herald,
was present and made a shoH talk
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26

The following schedule for the next
month is announced by the Wash
ingtonv Chapter, American Institute
Of Banking:
Elementary class, Tuesday night,
January 80, The Evolution of the
Federal Reserve Banks, by Prof.
eichard S. Harvey, Georgetown
University. February 6, The Fed
eral Reserve Bank-Transits, by r.
V. Fleming, vice president and CASH
Ter. Riggs National Bank. February
13, Elements of Contracts, by Frank
Hogan, general counsel and trust
officer, Riggs National Bank. Feb
ruary 20, Bank Statements, Joshua
Evans, jr., vice president, Riggs Ma
tional Bank.
Standard Economics class, Wed
nesday tall lectures by Prof. F. j.
DOnohue, Catholic University. Jan.
uary 81. Transportation, Trusts,
Tariff February Z. Financing a
Modern Business. February IA,
Sources of Working Capital. Feb
ruary 81, Mercantile Credit.
Negotiable instruments class.
Thursday (aIl lectures by r. B.
Dickey, local attorney. Course in
negotiable instruments opened. last
night and continues on successive
Thursday evenings to end Of term,
April 5, 1928
Realty Discount Dividend,
Directors of the Realty Discount
Company yesterday declared a divi-
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
CHICAGO GRAIN MARKET
LOWER. AT OPENING

CHICAGO, Jan. 26.-Grains open.
ed lower and looked weak at the
start today. At ,Liverpool wheat
was x pence to u pence higher at
2 o'clock. Initial prices here were:
Wheat-May, $1.16h@a: July,
Sill % Oh; September, $1.O9K.
Corn-May, 72A Qss cents; July,
72%@ o. cents; September, 72la
cents.
Oats--May. AN @% cents: July,
~ cents; September, 40h cents.
Rye-May. 86N @87 cents.
Absence of export demand con.
tinues a dominant depressing factor
in the grain trade. American ex-
ports for the calendar year of 1922
showed losses aggregating more
than 120,000,O00 bushels as com
pared, with exports of 1921, and
weekly clearances for 1923 have
been far below those necessary to
even approximate exhausting of the
enormous surplus.
The outlook today, gossip of local
traders shows, is for further de-
Epression. Heaviness pervades wheat
trade with little or no hope for i'm
mediate improvement. Any rallies
in the cereal, brokers believe, would
Immediately be met with free sell
ing.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
Local Wholesale Market.

Eggs-strictly fresh, selected candlsds
per doz., 42c; average receipts, 40ct
Southern, So q SIC: cold storage, ,27c.
Live Poultry--RoosteTa per h.. 1897
turkeys, per lb.. 80 "a 35c; spring chickens.
per h., CSC; keats, young, each eocI
fowls, per h., 26c.
Live stock-Calves. per lb.. lies. iamtAj
choice. per lb., 13c; live hogs. per ies
sac.
Dressed Poultry - Fresh killed sprinw
chickens, per To-. 5O@S5c; henss Der H.
27@Rsc; ROSTERS. per H.. lie: turkeys.
per 1b., s6@4Oc; keats. young. each.
! Green Fruit--Apptss. per bbl,. si7S@
100; delicious No. 1. per Dbl, $6.0D@
7.50; California oranges. per crate, $b.Oq@
500; lemons. per box. s5;oo@ Z: 90 gTaps-
vegetables--Potatoss No. 4. per Dbl.
$1.509 zoo; per sacks. $2.Oo@2.2f; sweet
potatoes North Carolina 75c 1s50 !;
nearby, 500 q :. SO; beanss $3so6 04.0o !;
kale. per bbk, $1,SD92 zoe; lettuce. $4,000
3.5e; peas 8. 90 @ s. 90 per basket; celery,
per. doe sf:eo IS; cabbage. Sorthearng,
SITS a 200; eggplants, per crate, 50 q
500: tomatoes, per box, Florida. 50 a
500: peppers. per crate, Florida, S09
$50; spinach, per Dbl, So. 90 a 3 0q;s Cali
fornia grapes, per crate, $500 0s.5es
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
STOCK MARKET
SHOWS FIRM |
TONE /. ::
After Weak Opening, Rail and
Steel Stocks Lead Mod
crate Advance.
By Cosmopolitan News Service.

NEW YORK, Jan. 26.-Overnight
cables reporting increasing tension
/ In the Ruhr zone, failed to perturb
sentiment in the first two hours of
trading on the stock exchange TODAY.
Hesitancy at the start was soon fol.
lowed by a moderate advance, in
which the rails and some steel stocks
played the most conspicuous part.
The professional element gave first
thought. to the most encouraging
trade outlook and was inclined to
consider the present state of Euro.
pean affairs a dead factor in the
market. Activity, however. showed
no sign of.expanding.
Record, traffic operations and ex-
pectations of better earnings were
the basis for the persistent firmness
of railroad shares. Good buying was
reported in Baltimore and Ohio. caus-
ing q gain of one point at 45ak.
Advances ranging from a fraction
to a point were registered In South.
ern Pacific at 90h, Southern Rail
way at 30%, Great Northern pre-
ferred at 74A, and Northern Pacific
at 74H.
Steels Active.
Declaration of the regular Beth.
cation of an excellent earnings
statement could not stimulate the
stock Of this company, but spirited
buying took place in Gulf States
Steel, running up two points to 84A
and Crucible gaining over q point at
TAN. United States Steel moved
around yesterdays closing. ! Equip.
ments continued, with Baldwin SELL
ing up nearly a point to 134A. !.
California Petroleum was the only
strong spot in the oil division, MAX.
ing further recovery of two points
to 78S. Other members of this GROUP
were practically, unchanged.
Pierce Arrow preferred responded
to the terms OF the new financing
plan with drop of two points at
20; the common was a good fraction
lower. Fisher Body jumped seven
points to .1S2 following w. c. Du-
rants offer to purchase the entire
capital stock at 5000 a share. Other
motor stocks were inactive. with
Studebaker up a half point at 115ss
Copper stocks were featureless. ;.
Sugar Strong.
The sugar group was strong in
sympathy with the stiffening price
tendency for the raw product.
Punta Allegro rose over a point to
46ss. American Sugar was about
two points higher at 7S%. 2
Various specialties enjoyed exten.
sive advances. Kresge jumped four
points to .203. - American Can i'm.
proved two points to $685., Postum
Cereal five points to 1873, and Beech
Nut two points 10 63H. Western
Union was a, feature, squirting two
points to 112. Consolidated Gas new
reacted about a point on profit TAX
ing to 67x.
The market was dull and steady
around the noon hour.
Money renewed at Az per cent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
POSTAL. HEALTH
STATION IS
~~@Mn
OPEN
Government Employees Can Get
Free Medical Service at
P. O. Building.

The new Public Health Service
station at the ,Postoffice Depart.
ment building, at which all postal
employees in Washington can re-
ceive free medical examination and
treatment, was opened today.
TIL station will absorb the per-
sonnet and equipment of the dis
psnsary formerly located ut Sew
enth and B streets northwest, and
will be utilized as a dispensary for
Government employees in other de-
partments.
The new station, which is located
in the southwest corner of the
first floor of the department build
ing. includes an examining room, q
surgical dispersary, an H-ray room,
O. physio-therapy room, and phar-
macy.
Four doctors. two nurses. and q
clerical staff will be on constant
duty.
Movement of equipment from the
Seventh street dispensary to the
new quarters is now under way and
will be completed within the next
two or three days.
All Government employees can
secure at this station free vaccina
ton against smallpox, typhoid and
paratyphoid. Every hospital en-
ploye, especially those engaged in
the actual handling of the mails,
will be urged to undergo Vaccina-
ton as a protection against infec-
ton from mail which possibly may
serve as a carrier of disease germs.
Location of the station in the
Postoffice Department building was
made at the request of Postmaster
General Work. so that postal en-
ployes might have dispensary and
medical service within easy reach
and so that the dispensary might
be more centrally located for the
convenience of the employees in all
Government departments.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
Foreign Exchange,

NEW YORK. Jan. 26.-Foreign
exchange opening: Sterling, de.
mand, 4.64B; cables. 4.S5h.. French
francs, demand, .0s40h; cables
.0641. Lire, demand, .047Sk: cables
.04S0. Belgian francs, demand
.O5SO1a; cables, .0581. Marks. .0O45
Czechoslovak kronen, demand. .0280
cables. .O28012. Swiss francs, de-.
nland' 1853; cables, 1857. Guilders
demand, 39.47; cables, 3d. Pesetas
demand 1919; cables. 1915. Sweden
kronen, demand, 26.74; cables, 26.78
Norway, demand, 1882; cables
1855. Denmark, demand, 1888
cables, 1888.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
Bond Issue Approved.

The Northern Pacifie railroad
was authorized by the Interstate
Commerce Commission today to is
sue $17,S59, 900 of refunding and
Improvement mortgage 5 per cent
bonds. OF this amount $4,000, 900
of the bonds Sare to be sold at not
less than ts961a percent OF par,
and the proceeds used in retiring
certain bonds Of the company's sub
sidiary lines, while the remainder,
amounting to $7,859,000, is to be
placed in the company's treasury.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
NC B u S MESS AND FINANCE 5asassa2HHESass

dend on the preferred stock of the
company payable January 80 to
stockholders of record January 20.
The company conducts a CONNER
cial banking business, specializing
in building construction loans. The
officers are: Harry r. Carroll,
president; Robert r. Wright, vice
president and secretary, and A. S.
Gardiner. treasurer. The company
recently acquired suite Of offices
in the Metropolitan Bank building.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
LOUIS DICK INSOLVENT,
CREDITORS CHARGE

Alleging insolvency, creditors of
Louis Dick. trading as Louis Dick
and Company, jewellers at $40 Ninth
street northwest, today filed a
petition in the District Supreme
Court asking that the firm be de-
clared an involuntary bankrupt.
Petitioners, represented by At
torney Albert Stefnman, allege
that Dick has committed acts of
bankruptcy. :
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
Liverpool Cotton Market.

LIVERPOOL, Jan. 26.-Spot cot
ton opened in fair demand. Prices
easy. Sales, 1000 bales.
American mids fair, $17.12: good
mids, $16.52; full mids,, $16.42; mids,
1852; how mids $16.07; good
ordinary, $15.57; ordinary, $1527.
Futures opened quiet.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
BANK INQUIRY
, PROPOSED BY
J. SENATOR !.
Senator Mclean Would InVes-
tigate Why Banks Do Not
Join Reserve System.
By HARRY GUSACK.

The appointment Of a commission
60 investigate and determine the
reasons that have caused 9,64O
banks and trust companies, consist
Ing of IS. per cent Of the eligible
State banks and trust companies, to
remain outside of the Federal Re-
serve system, is authorized in a
concurrent resolution offered in the
Senate yesterday by Senator Nc
Lean. chairman of the Senate Bank
ing and Currency. Committee.
The commission created by the
resolution would be required to
make q final report before January
81, 1928, and to report to the House
and Senate from time to time the
results of it's inquiries. y with recon-
mendations for legislation calculated
to attract nonmember banks into
the system.
To Attract Nonmembers.
The commission would be made
mp of three members of the Senate,
appointed by the Vice President,
and three members of the House,
appointed by the Speaker 1t would
be authorized Cd to inquire into the
effect of the present limited mem
sbership of State banks and trust
ycompanies in the Federal Reserve
system upon financial conditions in
the agricultural sections; CD the
reasons which actuate eligible State
banks and trust companies in fail
ing to become members; CD what
administrative measures have been
taken and are being taken to in
crease such membership; "a whether
or not any change should be made
In existing law, or in the rules and
,lrA n
Board, or in methods of administra-
ton, to bring about in the agricul-
tural districts a larger membership
Of State banks and trust companies
In the system.
Drafted by Meyer.
The resolution, which is under
stood to have been drafted by Eu-
gene Meyer, jr., was presented i'm
mediately after the Lenroot-Ander-
son bill had been taken up. Several
Senators expressed the view that
the situation sought to be corrected
by the Lenroot-Anderson bill could
be better remedied through member
ship of small banks in the Federal
Reserve system.
In reply to a question by Senator
Calder as to whether the intermediate
@oan machinery created by the bill
within the Federal farm loan system
would have an injurious effect upon
small banks, Senator Lenroot ex-
pressed the opinion thatlthe Difficult
ties of small banks were not caused
by undue competition, but by lack of
funds with which to make loans. He
believed that there should be combi-
nations of small banks generally to
give greater lending power and re-
dlIrpd overhead exnenSP
Senator Brookhart asked whether
an amendment to permit farmers CO.
operative banking would be accept
able. Senator Lenroot said that to
bring up the question of cooperative
banking in connection. with the pend
ing bill would inevitably lead to its
defeat. The discussion that such an
amendment would inspire would pre-
vent passage Of the bill before
March 4, he said.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
N. Y. Cotton Market.

NEW YORK, Jan. 26.-cotton
prices were reactionary at the Omen.
ing today. March was off 10 noints
at $2S.35; May off II points at
$2S.57; July off Is points ct s2S25.
and October off Is points at s26O5
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26

Pr1ces az noon: Bic. Ask.
Anglican. Oil Co.-Newl 1794I Is
Borne Scrymser Co. lilo Ills
Buckeye Pipe Line Co. so 81
Cheseborough Mfg. Co. .l215 l225
Continental Oil Co. 40 Al
Crescent Pipe Line Co.. "A As
Cumberland Pipe Line. j. 81 90 &
Eureka Pipe Line. ..i1O4' lies
Galena-Sig Oil Co., conl.E SO so
GaIena Sig. Oil Co., pfd. 1O9 iii
Illinois Pipe Line Co. :. .l167 1853
Indiana Pipe Line Co.. IS SO
National Transit Co. ..sl 27Al 27%
n. Y. Trans. Co. !. 1870 lisa =
Northern Pipe Line Co.. 107 l109
Ohio Oil Co. 77I<l m q
Prairie Oil & Gas. Co... .I225 I228
Prairie Pipe Line Co. 10
Solar Refining Co.. .1S2 l1S6
Southern Pipe Line CO.. [106 l1tl7
South Penn. Oil Co. Ills hrs
Southwest. Pa. p. Il. Col S. 20
Standard Oil Co. Cali 561kl 66N
Standard Oil Co. Kan) 4 61Hl 81 q
Standard Oil Co. Hkanl.1 40 A
Standard Oil Co. Ky.). Il So so !.
Standard Oil Co. CNeb.). .l205 I215
Standard Oil Co. IN. ". 46hl 1864
Standard Oil Co. (Ohiol. .l295 1900
Swan & Finch Co.. % "a
Union Tank Line Co. 80 81
Vacuum Oil Co. 451Sl 45sS
Washington Oil Co. ..... Is 80
Penn.-Mex. Fuel ....... 17k 10
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
Local Stocks.
SALES.

SALES. y.
Washington Railway and Electric
As, $500@73, $1,000@72A, 10000
TN, $1,0000721s. 81 ,00e@72&,
$1,000@72&, 81, 0O0@72%.
Capital Traction, 5@103h, SO
1881, 10@103, 5Q1O3. ],
After call
Washington Railway and Electric
As, $1,000@72A. :.
Washington Gas SIS, $500@94.
Capital Traction SIS, $1,000@97N u.
Money-Call loans, SOS per cent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26
Liberty Bonds.

Furnished by w. B. Hibbs g. Co.
, M
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26

Turnlshed by ". 3. Hibbs & co.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-01-26

Open. High. Low. Close.
Money on call. Az -. 49,, -.
Stocks sold up to-
m. II noon. 1p.m. z p.m.
25l 400 10000 ........ .......
Bonds sold up to
IL am. IL noon. 1p.m. 2p.m.
1863 900 1853 600 .....
Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1923-01-05


The Woman was seeing friend on
at the Northwestern station. Nearby
was a man saying good-by to his wife,
for their domestic conversation was in
no sense whispered.
As the husband talked the Woman
watched, quite fascinated, his tooth
pick as it moved up and down in his
mouth
The gate was being opened. The
travellers were passing through. The
Woman wondered what would happen
to the almost animated toothpick while
the man said good-hy to his wife.
Surely he would remove 1t. But no
with a move Of his lips he had Shift
ed it to corner and proceeded to kiss
his wife. No wonder wives read s'The
Sheik" and such. One would have to
do something to make up for dividing
kiss with toothpick.-C Chicago
Journal.
Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1923-01-05

~. H.. II. 10
niums--stahes re,,,1,s., auA ,,,,sa
strained ono ia,tv e,ess ~ o,,,n.a s,rs-
servee ono ~ nr,,te hr..sr sru. .,,s.s.
II ann,es chonned a. az sS er,sr, y y
linelv sbredded s,st ~ ,,s,.,,s -
raislns forr ounces oaat - a.,,s
shredded cttron o,.s,,..o -, ~ ,an,ns,
peei.-tbn Id, ,vo nandiad III, ,a,,ia.
spoonfuls ~ c,nnsmon o,,a sshte.
spoonful OF nutmeg. nne-hnlf table.
poonfu each of cloves nilspIce and
ginger. Mix nil together with one
cupful Of snapnv vinegar ar rider and
let stand for a few dnys 10 ripeu.
Here Is anotner. using ,sas5 s..ra
fruits:
cuskard eo,..... raha . o,.. =,
cubed natntoos cncr.oa 1faas lsa ~ ~.
~ nth. .dd satt aaursr IA "a ~ ~
heosen l,,os 60, 49,. 80 .,,,.t,
ghickenad Add cbonnod ,,.rs,av 49,
po,r over M rotstnas q, h.s,ro
dish. set The nm n hot water ana
cook until the custard covsrs each
piece Of potnto like n rich sauce
assnhsrr. r.r,oa. CT h.,,
NJ I c,,nf,, 30 rosrI ta,,,oc. +, 49, nm, nm.
e,is - ra,as p 80, I'M. 49, ~ ~. ~
douhle boiler ana coos nnt,, clear. "a
ono c,,rf,,, 80 oo.,,s,. - -.s,,,,,,r-,o-.
Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1923-01-05

Almost" never earned dividends or
promotion.