davidaulloa/AmericanStories huggingface dataset:
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
mo CAUSE FOR
BEAR MARKET
Downward Swing Of Stocks
Not Likely, Says Moody

Moody's weekly Review of Finan.
olal. Conditions in Ne current Issue
says In part;
The Franco German news Is the
best yet received. and appears 70
forsshadow an actual agreement a.
no distant date. our security mar.
keis DO not respond. but'lt ia an old
habit for them 10 ignore good news
at times when investment sentiment
Is not optimistic. Presumably tho
response will come later after the
stock and bond markets thsmseiysl
have worked into a stronger teehnlS
cal position.
Political prospects within the past
few months are mog1y unchanged,
The special election IN the Fifth con-
gresslonal district OF Washington
shows moderate gains for the radi'
cal elements Taxation Of corpora
tons and Of big business generally
promises 70 80 on undated for ~
least a year or two. and railroad
freight rates seem certain 10 be sub
jected 20 powerful downward pres
sure.
stock market tlpsteH are talking
very low prices. but thus far there
IL no evident reason 10 expect that
any bear movement which may oc-
cur viii be comparable in extent with
the great bear movements Of tho
past. Either a financial or CONNER.
clal panic, or else a war scare have
always been the normal causes for
tho greatest downward swings Of
stocks; and neither Of these Is now
In sight. Hence any such movement
should be minor rather than major.
Domestic bond prices are sagging
or stationery, and tho outlook stu
Is that they may generally continus
so into next spring or summer.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
ENGINEERS TO
HOLD MEETING
Mining Institute Men viii
Gather in Seattle

MIning engineers from the Spo-
kane district in Eastern Washing
ton and Idaho and engineers from
oregon will meet the Washington.
Alaska and British Columbia en-
ginSers in Seattle on October 5th
70 TN in joint meeting Of the
Pacific Northwest section o. the
American Institute Of Mining and
Mclalmrgical Engineers The ses.
slons will be held az the ENGINEERS
club Of Seattle.
The program has been arranged
by Frank NJ. Smith, vice president,
Raymond Guycr. chairman Columbia
section. Vim. W. Elmer. chairman
Oregon section. and Minor Roberts.
chairman North Pacific section. En-.
tertainment VIII be provided by the
women's auxiliary for the ladies In
attendance.
The program will he as follows.
Friday. 10 a. m.-"Diamond Drill
INK Applied 20 Exploration for oil. "
by Amos Slater and Lynch Brothvrs,
Relations OF bikes TO Veins. .
Columbia section. Discussion. IA
Lunch az Engineers club, p, m.
Program at University OF Wash.
ington. old Mines hall Iron and
Steel on the Pacific Coast" clyde
f. Williams. L. S, Bureau OF Mines.
Demonstrations and experiments IN
eleetro-metallurgy, coal washing and
ceramics. $50 p. m.-Dinner at I'm.
gineers' club. p. m.--''Relation Of
the Government to the Engineering
Profession" by j. J. Underwood.
Washington. ID, c. "The Tainton
Process for Zinc Extraction" by
Mr.. Tainton. Bradley. Idaho.
Saturday. $50 a. m.-Papcrs and
discussions by Columbia and Ore
gcn sections. is-Lunch at En-.
eineers' club. p. m.-Excursion
20 Tacoma srnelter.
F. f. Sharpless. secretary OF the
institute. who is making a tour OF
the West. hopes TO be present at the
meeting.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
GRAIN PRICES
CLOSE HIGHER

CHICAGO Oct f.-Gratn prices
closed sharply higher in trading on
the Chicago board of trade today
Displaying remarkable recovery
from an opening slump induced hN
n weak Liverpool market. wheat
prices closed higher, Good buying
bY Northwestern commission houses
together with strength in corn and
unfhNprable weather reports brought
1u good clAsa - buying un wider
scale than has been experienced In
more than week Outsiders were
showing some activity outside
markets closed strong winnipeg
despite continued heavy shipments
FROM from the three Northwestern
provinces. maintained a steady an.
dertonc
corn led all other grains IN
strength Old corn IL bchrrn and
producers are not showing q VIII.
inEncHR 90 ahip 90 market despite
the prevailing hiEh prices The poor
quality o. tho present crop. due 10
frost aud rain damage. has forced
farmers "a hold supplies for seed
and feeding purposes
Heavy buying featured oats
Provisions. Ritho duii closed
strong with grains and hog prices
Heavy buying featured oats Proc
visions. altho dull. closed strong
with grains and hog prices,
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
REALTORS TO
ATTEND FAIR

The regular meeting Of the Seattle
Real Estate association has been
called off for Thursday. October I. 20
permit the members OF the associa.
tion 20 attend the Seattle Day" fes.
tivities Of the Western Washington
fair al Puyallup The members and
their families win attend in body.
and the members OF the Tacoma Real
Estate association have been invited
TO join them at the fair.
The Seattle realtors will assemble
on the Fourth ave. side Of the coun.
ty-city building at $50 Thursday
morning. and 20 to Puyailup In an
automobile caravan. a special lunch
con Will be arranged in one OF the
booths at the fair grounds.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
BANK CLEARINGs
scniile
Building Permits

Katherine 1anHor. II, y. y, +, Seattle,
frame residence 94X7i, $500.
Tlbbetts Memorial M u, church. 1910
tist 8. w, frame residence 52s2G,
$4,000
cbas walker, 1904 Warren ave. frame
residence 1890, f1,500.
A. y. Nichols. Halter bldg, frame rosl-
dcnoo a0x2G, t2.7b0
NJ G. Lautona, 300 18TH NJ, frame roal.
dcnce a012i $1,000.
l.. n. Smith, n5t7 Greenwood frame resi-.
denco a7x70, $1,000
n. q. Rnlbcrg. 1909 Maynard. frame
plant ii7xit3x7G. $4,000
Semitic w. n NJ Co. G0h2 Duwamlsh,
frame she'd 272xil. $4,000.
j. ". Ntnnder, Halter lake, frame real.
denoe 5tr2s, $4,000
Geo A. Powers. pia w Roy, frame reHi.
dsnos i6S7G, $4,000.
Geo A. Powers, ola w Roy, frame resi-.
donce 1890 $4,000.
Geo. A. Powers. Ola w. Roy. frame resi-.
donee iGr7g $4,000,
Geo, A. Powers, ola w Roy, frame real.
doncc 1890, $4,000,
jean ~ Hall. 8iB 18th NJ, frame resi-.
dcnco isS2i, $500.
\. ~ COiman. Colmnn hlki frame ware.
house, 1890,
Associated on CO., i75a II. II. r., frame
station 70x20, $500,
W. a. Stewart, lg27 2sth N, b,, frame
residence asx2A $4,000,
Sunset Motor co.. 1903 Broadway, mill
garage. 5000.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02

q. shipping board MosrinRs-Btr Anna
y More. stf West Nilus
Atlantic street Tsrmiuai-Bir Bssssmsr
CiIys
Aibsrs Bros Killing Tsrmlasi-su Har.
hisan Asrn
stsey street Tsrminsi-sir Iousn. s,r
Eetrhihaa.
Lander stree, Tsrminai-su Northwest.
efn
Miwsukss ocean Tsrminsl-sf Com.
msfriai Pathfinder.
spokane street Tsrminai-sir EsntA
FiaviA.
gsst waterway Dock wsrshouss Co
str HaAaiA aAfu. sir J. l. Lucksn.
hach.
Todd DrYdoeks-au west Hlmred. sir
Admiral Rsbrss
Puget gound Bridge A Dredging co.--su
Patterson.
sstttstan's Aiii-HiF York City.
west seattle Training biatipn-u. 3. \
Eagle No. 81.
usffsfuan'a Drydoeh-atr Rainier.
nuay No 7--Hir Haaison.
wirpiog Marine Haiiwsy--Hchr Bets,
Ross, schr Bpoksns. sehr camAnn. sehi
X. v. Rruss. barge coapitiHm CifS.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
Financial Flashes
From James MacfarIane & Co.
8f1 Second Ave.

Twenty industrial stocks average
1888, a decrease OF .0s. 20 rail stocks
average 1898, decrease OF Is.
Future for copper in Europe Is
bright. says s. Guggenheim up
on return from Europe. >
President Gray. OF the Union Pa.
cific. declares rail consultations
would permit greater possibilities for
satisfactory rate adjustments.
Subscriptions TO the Canadian
loan exceed $4,000. 900.
London expects Angio.Persian oil
may shortly announce new capital
issue.
Reports from Pittsburg show
that steel is showing greater
declining tendency than for some
time past.
A report from Bethlehem Steel
says work is at about so per cent
capacity.
a steady, stable production In
all lines, and gradually improv.
Ing wholesale and retail trade,
are the keynotes by financial
people In various cities from
coast to coast.
Opinions OF brokers carried In Sun.
day papers varied. tho some looked
for more active market. with adj
vancing prices.
Railroad shares entirely ignore
The large increases shown In net
earnings for August. Railroad
revenues for September will un-
doubtedly make an excellent
showing, judging from the rec.
ord.breaking figures being re-
ported.
President OF the Steel Foundry
company says that operations Of
that company viii probably be or
about a so per cent basis by the
end Of the year; buying OF new cars
and locomotives is negligible.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
September Better
Month for Copper

NEW YORK. Ogt sales n cop
per metal 40 far this month have
been in excess ~ those Tor same
period last month. Notwithstanding
that huyeu DO not show ans haste
Ca purchasing The price movement
h Disappointing IN the face Of the
siEe ~ the demand. bat this ia due
largely 20 the fact that there D. plrn.
- % copper being offered
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
Issuing Bonds on
Western Buildings

Irrmnnfni HnflnI coupon boHls
are nov being delivered BY + W.
strHua a Go. in exchange for inter.
i'm receipts held by purchasers of
bonds 10 the following issues; Hunt.
lngton Apartments. San Francisco.
Mercantile Arcade building and the
Western Auto supply building. Los
Angeles: Terminal sales building.
Seattle. and wedgewood Hotel. chi.
caEo.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
Furniture Houses
Planning Displays

Seattle furniture stores are plan
ming special displays during Home
Beautiful week. beginning October
4 Arrangements for The week are
In the hands Of A. A. Behoenfeid.
president u the Retail FurnltuTs az.
sociation ~ Washington; otto r.
KsFsl. first vice president. and H. y
FineEold. chairman Of the COMMITTEES
on arrangements
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02

Arri,sd-oef str ~ y. Alexander
from Han FTanCisro, % $50 = M Hr
NafFafst Dollar from NsH Vera Via
porte 80 noon sif hhidsuaka AAru from
iianEhuna via shanghai Hnd rokohAmA.
a. $40 m.i str Cello from heh fs1fn
sla san FFsuglsro az a %, Oct =
Htr Achilles from Manila Va iionahonE.
Khanghai ard Kobe. ~ 2Eit . "a sif
Admiral THrtaEui from i,os AnKslss va
Han fraReiHCu, az lAts' y M ~ N"fth
asHtsrn from Southwestern via South
eastern Aiaaks. at gigp . m. sif ipHsu
from Boston sia ports ~ 1915 ,. "a.
80 Yosemite from Han Ffanclsc9. - sstg
=. W.
Eaiisd-iart. i-Hif Admiral Fsuarut
faF Anarsrtea Via Tacoma. Everett Eel
bingham and NanronFst - g. 81 . ~
40 les a. Duke Tor New York via ports.
81 1870 p- ~
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
BOUGHT FOR A RISE

A noted financier was taken scrl.
ously III at 90 years old and felt
that his end was near.
Nonsense" said the doctor. "the
Lord isn't going TO take You until
you've passed the 100 mark"
NO, my friend" said the aged
banker, that wouldn't be good
finance. Why should the Lord wait
until / reach par when He can
pick me up at BOZ"
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
TRADE TERMS
BETTERMENT

when n railroad replaces 60.
pound rail with 90.pound rail, the
extra cost is usually first charged TO
d "betterment account" or Improve.
ment account" The question as TO
how II shall be eventually treated at
the end Of the fiscal year depends
largely on the financial condition Of
The company. a company that Is
financially prosperous would prob
ably charge II directly TO Operating
expense; otherwise. II may be
charged 10 The capital account"
Many experts hold. however, that n
"betterment" should be capitalized
only 10 the extent Of the Increased
elsnlng capacity the bcttormcnt con.
ferg.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
Nep York Stock Market
FINANCIAL REVIEW


nSt sans ON The day Qerngt nsws m h senrrs economic situation
he earl
ne TO
the
Can
Opening sfA 81 southern
= a
+. e.
telegraph is3h, Dawson Chemical 6ts,
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
Vessels in Port at Seattle

smith Cove Terminal ftHHtf Hhid.
rroka nAru. schf Tampa Pier to-Htr
Cfoss Keys. rit President Grant ctr
WhsauAnd Montana, ctr Wee, Hrn-
shaw
Bell street Terminal Hntofshlp Han
r5anclsso. 4, r. T. ~ 7, Heather. q,
D. q a Naida,
pier it@Etr Achilles
pisf fisH-hif ossFn,
Pisf . aoiotshig Anvii. fnoiorship Caro-
iYn Frances
pier str Aunrie
rtsf o. str Admiral Rogers, sshf ArHisA,
Pier s-Htr Yosemite.
risf s-Hf victoria sif jefferson.
PIER ustF a. y. Alexander,
unios Pacific Terminal Aif igflin.
Pacific coast Coal nunksfs- u, u. t. =.
Hsiftsprs
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
Says Cotton Crop
Is Half of Normal

NEW ORLEANS, Oct. =. The
Times Picayuue makes the cotton
crop condition as OF September Is.
ASS per cent OF normal. and the ind.
Gated yield on government estimated
acreage is 1871 900, exclusive OF
linsers.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02

LONDON, Oct. Tie London
market does not expect immediate
borrowing by japan because Of the
good financial condition In that coun.
try and the fact that the reconstruc.
ton task Is not yet sufficiently ad.
ynnced.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
N. Y. Sugar and Coffee

Mondays Qpafntinns
snEnr--Duil Rev. tTfs. refined. auii
nrnnaiatsd, ts.ts@s.sa
Csffee--%o. Rio. spot ieS afsae ID
No. santos, is& sltae 10.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
Alaska Vessels

Reward sept 80 sailed. sir Alaska,
sauthbsunf. ~ ,. M
Pstsfsuufr oct Sailed. sif Queen.
usfthbsuna. 81 att ,. "a.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
Portland Produce


Mondays auotatlons
Buttrr-ttrsir ~
Ezxe-fiuYiuk prices. ftB tse eps.. sell
tns prices @sB SEE dos.
fhses~--t1 u he n
IIsus--ftWsau 10.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
British Unemployed
Total Over Million

LONDON. oct British unrm
ploycd now totals i2aa,soo, and the
figure Is expected 90 reach 100000
hy Christmas
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
Foreign Exchange

NEE YORK. Oct tsa4FoFeisu 81
change opened lnwaf ateriinE. demand
tt.Sfs French francs fs.0sbs lire, % h4st
Belgian franc. s3nstsA; marks ss.eae.
eea TO the dollar. or tE.5i0.ebs.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
Weather Bureau Report

TAToosH ISLAND. nsi. s. a. NJ
barometer rising clear sind sasi' ihfss
miles su hour Passed b. q iso-WAHt
steamer. black stack, - 1880 = a.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
SEATTLE
MARKETS
VEGETABLES

tThs prices given are those made 60 re-
tau dealers By vhalssalsfs with few
seasonal sttsptiuus. prices 20 pfedussfs
can BE- nrufsa ~ deductions ths eeai u
tfauapn statt0n 90 seattle ana srffeAi-
inatriY lta fpr nauiing. storage and SELL
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02

POULTRY AND MEATS
Price. Paid by Wholesale Dealers
10 sbinp~ts

nrsilsr. FER n ..tt,.s...... ~
cape1s Live. Fat. per ~ ...t. rs
Fancy 4 ssssst*4s+t4sss*. .tt
Hens -sS ms. and ap ..s..ts IS
msdiatr. live. ; y a. ~ ms. IA
LIE. light 20 ~ MS .,. IL
Fancy. dry picked cents
above lire.
s. D. cents zhsvs live.
13srsr Live fat. , 70 ~ MS. IL
HeiKtan iiatss-t fhH and up. n
Turkeys Fancy d. - young -. .is
t.tve. fat. per ~. ..sss.4..a.. II
nas-ters Old. live. per n. 49,. III
Hogs
choics light ......n.... .f7n
Fancy. heavy, iks-snh frs =. 100 II
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
England Exports
Gold to America

LONDON. Oct. british gold ex.
ports were 22Iosl pounds for the
week. Of which $500 went to the
United States.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
LIVE STOCK
Quotations at stockyard.
FLOUR AND SUGAR
Wholesale PrIrss
HAY. GRAIN AND EEEn

hiin'in Hay First grade 90
Co.. 80. 800 :. 80 s,...s'.,tts,..ts,00
w nolr' yellow, lsOs .t..,,s,tTo0
Cracked and feed meal, 1905. "A. 90
barley Whole feed, 1905 .,......,,asoo
Rolled and ground, s0'a.iOo'n Io.o 90
Outs Whole feed. zoos ....,..,,.apoO
rolled and ground. 70's-s0'A ,,ti 90
hproutlng, zoos .....,..,..,..too
wheat Hcclennod feed, 1854 ,.u 90
-, n .u tonu, toa .sft4..sstt.,s..4ai.0O
Al-GrniD Chop.--S0's ..,.,,.lkoo
,hlrk Ieeu~-l00H ,s...,.,.......go 90
Chick IL. ", Mnsh--i00'a ...,,..,,,,si0o
Growing Feed--i00'a ....,.,,,,,,,..S1oo
ERg Mnsb-i00'A ,..,,,,,,.l 40 m
hrrntcb Iccd-iO0's ,.,.,,.,....,,,tb0 90
Coronnut Meal COS ..,,.,,,.,Ioo
Cottonsccd Meal--ioG's ,,,.,...Eoo6
iInrecd oil Mcni-i0o's .,..,......,bs,oo
soyn Bean Menl--i0O's Commonwealth
AIfnifn Meal zoos ,,,.,,.o.,..,,2soo
non" Mrhl 1908 stt''H.ttt,,.,...b70
grhnulntrd zoos ,,..,,t......,,6a,oo
Charcoal thAfdwood)-- ...t,...,GT,0o
fisl, Menl 1905 ,.tt....s,..t,.t..sI
GrIi Limestone, 1908 ..,,,,.,,,,ais.oo
Granite zoos ts.stttttttt,..,.... 90
Nent scraps Eastern, zoos .4....,fo2.oO
Shell Enslern oyster zoos ....,t..gs,oo
Western oyster, 1908 ,o..,.,...,a2,oo
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
POULTRY AND MEATS
Irirr. EnId NAhnIraaln nraIrra

Dneks Dressed. per 10. ....... .
urns- Dressed. heavy ..,..a.. 500 a
Dressed. light ...t.s........ 500 q
Live. heavy, ~. .s,ss..,.... 81
Lave. light. n. s.sstf4...... n
Hrpiisrs- Dressed. per 10. .... .fe0 a
Geese-- Dressed. per ~. ..... a
Turkeys Fancy. dressed ,.... zoo a
Live. fancy. n ...,...s.,... a.
Belgian Hnres--flVe. per DE-. a
Dressed. per 10. ,............ 800 4
Cows Country dressed, d.. .osc o
Hogs Fancy block .a.,.... .itn .itt
Veal Fancy light ..+,.t..,.. lisa a
Heavy. coarse .,.4...,....., zoe 4
Medium. dressed .......4..., $50 4
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
ShipNews
Tides in Seattle
TUESDAY,
-.

pf z
i1fst Los Tide
HU a. o. iG n
Iifst IiiHh Tide
10 90 q M - n
second Low Tide
AgG D. o. - n
Ssosnd high lid
ttt 3 on - n
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02

Price. raid whsls.si. pssi.r.

1FlfeN EntA "
arnt.. pahsy ......sts.ss.. t4oe0 -
Ts6n hinF ssstssss-.ssss.sss.s - y "
asavsnstsin boz ssss....sss = q Q y.
uiarkhrFffss Per crate Lee It's
niu~bsFFis. PER ~. tssss+.sss 9t1 "
ttananas PEI -. s.sttsss.s. 1919 II
Cantaieapss standard ...sssssls = y y
Ca.st444- fsF NJ s+s4--s.stst+ we ~ y
rasaanuts dos tt.+sss4ss lsz
Dates oFninhasfgs sk'phE- Ter ~
ItKs prisd. Cal. 70 araa- pasa fte
tIaa.~hefrlss aFer ~. t..st*-+ .tso ~
s,,.a. Yratt eel .....t..sA.6skHtt-
tirspss= aAiaes. ssssii lug sss - ee -
s.-.st..s seaatt ius ...,s..tts 100 %
t,..,rx eaesb prf rass .......tEt84ft
atrsinsa. PEI ~ s.ts.,s.ss .is@ liz
ttus histrfriss fssF n. ,.sss,ss csc ~
i.,,,g,,,. e,rrv ..........ske q -
ghaies st-ss4..esss.sssssss = " Aee
urunEs@ pFr haE sssetts.ss+s stee q Us
,.s.xh1. PEI crate ........ $50 ft
rrar~~FsF taN .s.sssssssss.tsl. - " 10
i'iuHs. fss sfzse .ssss.ssssst. SIC 10
rgunrs--tiu6 ssssssasesssttt-ss - -
strsss berries EvrFNeAFiHf 49, ~ i&S ice
watssnsiea--psr ~. ..,,t... .eihs ~
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
WEDNESDAY,
OCT D

TIfst Low Tide
az a m ~ r.
Iirst fiiEh TIDE
- m TO- ~
second Low Tide
AHt p on 90 a.
Hsoond liiHh ride
10 st . ~ - y
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02

Mondays Quotations
Furnished by fogan q Bryun
AfD second Ave. Seattle
Foreign Securities
hondat's Quotations
Furnished b. Logan a nrfan
kIn A..ul.I A. AnnIIIn

Mondays Quotation.
Furnished by Logan a Bryan
$40 Second Ave. Seattle
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-10-02
DAIRY PRODUCTS
Prices raid 10 shippers

nustertai--
a xyAas. assttis delivery ss.s 30
rxr. pftsh raarh. wbits sAsgl tse "a
sst,sa saiHsa ....t..s..tt.. sfs1 a.
Fssffsr. $1,000 "a
Mtk--cwt.. fob A~ssils sgpply te9
s.. o. n eosssnsarY. .+sst..s. AS
The Washington times., 1923-12-31
STEADY
ON LAST DAY
Of YEAR
Shipping and Railroad Stocks
in Demand IN Early
Trading
BY HI. j. DUIZEND,
Copyright. 1879. by Cosmopolitan
Nawa servica.l


NEW YORK, Dec. 81. irmness
prevailed in the first two hours
trading on the stock exchange toda
The market presented q curious mix
ture of price movement.
A heavy volume Of cash sales
representing belated establishment
Of losses against 1923 taxes placed I.
check on any forward tendency ii
the issues concerned, while stocks In
which this form OF liquidation ap-
peared to have been completed es-
peeially the fertilizers, the s1ippings
and the northwestern rails, respond
ed easily to new buying. Repurchas.
ing Of holdings previously sold for
taxation purposes was also factor
making for swift rebounds.
Business news over the week end
was constructive with further al
vances in crude oil, prices attract
ing most attention. AS q result; Oh
shares came again brisk1y to the
fore. Producers and Refiners taking
the lead with a rise Of 33k points
to An, seconded closely BY Phillips
Petroleum, which went above SO Tor
"a gain of nearly points.
The brighter outlook for the
chemical industry conyerged specu-
lative attention ON the shares OF
these companies, Virginia Car0Iina
preferred being particularly prOrni
nent. Little or any tax selling was
seen in the steels, the equipments
and the motors, but with the excep. /
ton of Willys-O Overland preferred
initiative in these groups was lack.
ing, and transactions represented
principally final adjustments Of ac-
counts in preparation for the hol-
day. Sugars were somewhat de-
pressed, but coppers showed up
well, notably American Smelling
and Refining, due to further al.
vance in the quotation Of lead.
The rally in the railroad list was
not at all confined to Issues which
had emerged from the pressure Of
tax liquidation. IA fresh demand
sprang up for some OF the low
priced carriers shares for which the
coming year holds dividend pros
poets in store, such as Southern
Railway and st. Louis and san
Francisco preferred.
Call money renewed at per cent
The Washington times., 1923-12-31
Chicago Grain Market.

CHICAGO, Dec. 31.-Grains started
higher today.
Wheat started h to n cent higher,
with offerings limited and scattered
buying. Demand led by house with
seaboard connections.
Corn started % cent higher for
December, despite the big deliveries,
and there was commission house buy
ing Of the deferred futures, which
were unchanged to " cent higher.
Light receipts, 240 cars, induced
scattered buying.
Oats started unchanged to 4 cent
up, with commission house buying
and limited offerings.
Provisions inactive, with few
orders in sight.
Opening prices were:
Wheat-December $1.021a; May,
$1.07A @1.08; July $1.O6%@H.
Corn - December. 71@A cents;
May, 74h@A cents; July, 75h@%
cents.
Oats-December, 43h@A cents;
May, ASH cents; July, 4311 cents.
Rye-December, 68ss cents; May,
74A cents.
The Washington times., 1923-12-31
Banks Have Good Year.

The closing year was marked by
several important financial trans
actions which further attest the
growing importance of Washington
as a banking and investment center.
Outstanding among these was the
increase of the capital of Riggs
National Bank from 1000, 900 to
$2,500, 900; the completion of altera-
lions to its main office at a cost of
approximately 100000, and the
opening of its new Park road and
Dupont circle bank buildings.
In the last year, also, the Ameri-
can Security and Trust Company
opened new branch at 1140 Fiji
Teenth street northwest, while the
Second National and the Franklin
National each acquired an outside
office. Two other branches, one of
the District National and the other
of the Lincoln National are in the
process of being equipped.
The year stands out as a branch
banking year as distinguished
from a new hank organizing year.
which was characteristic of 1921
the Prudential Savings, no new
has been a disposition in recent
months for larger banks to absorb
smaller ones, while the smaller ones
be absorbed This tendency in
banking activity locally is looked
upon as distinctly in favor of the
general stability of the banking
business.