davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1923-06-23
BONDS FIRM AS
N.Y.STOCKS
SLUMP
Price Of Liberty Bonds and
Foreign Issues Hold
Steadily.
BY MONROE ROBERTS,
CosmonOlltan News Service.
copyright, 1923, by Cosmopolitan
~ El...a.rha.ra L

NEWS 0SEN1CcsV
NEW YORK, June 2S.-Excepr
in the second grade, or speculative
industrials and rails, the bond
market did not share the weakness
and irregularity characteristic Of
the stock market in the early part
Of this week. Some liquidation Of
the former group may have been
necessary for the protection Of
speculative accounts in the stock
market, and heaviness developed In
low priced bonds, some Of which
lost from 2 to 8 points. Convertible
bonds suffered by reason of the
slump in prices of stock into which
they are exchangeable, though re-
covery followed later In the week.
There was q good volume Of
transactions in Liberty Bonds and
foreign. government issues. with
prices holding steadily. particularly
in the latter part of the week.
Austrian government per cents
finished the week at a slight ad-
vance over last week, French gov
eminent SIS sold within a point of
par, and United Kingdom SIS of
1928 and 1887 were active at close
to record high prices. Total sale
OF listed bonds on the New York
Stock Exchange to date are slight.
~ over a billion and a half dollars,
par value. against two and a
quarter billions in the same period
last year.
New financing for the week
amounted to less than one third
that Of the previous week, the total
OF new bonds being $50, $4,000
While the total sum Of industrial
bonds exceeded that Of the munich
Gals, f1otations were concentrated in
q smaller number Of offerings. No
less than thirty-one new municipals,
aggregating $26, 500, 900, found their
way to permanent investors this
week. The largest and most promi-
nent issue being the SIS, 000, 900 State
Of North Carolina serial 5 per cents
on a 4.59 per cent income basis.
New industrial issues in the aggre-
gate Of $27, 100000 were featured by
the $12,000.000 Pure OIL Company
gold 61ks and the $4,000, 900 Wheel
ing Steel Corporation per cent gold
notes. Public utility offerings ag-
gregated $500, 900, and land bank
issues $4.OO0,O00. There were no
new foreign or domestic railroad is
sues.
Announcement was made today
that a new issue of $4,000, 900 Fed
eral land bank AZ per cent farm
loan bonds would be offered on Mon
day. The bonds, which are the first
to be issued since the $4,000, 900 Of
fering in May. 1922, will run for
thirty years, with the option of re.
deerning them after 1888.
The Washington times., 1923-06-23
BUSINESS HURT
BY WEEK Of
HEAT !
Dun's Review Shows General
Trade Depression Through
Absence Of Shoppers.
BY Cosmopolitan News Service.

NO0BlOWVAAt&3h
NEW YORK, June 23.-Dun'sl
weekly review Of business says to-,
day:
Intense heat in the East and
elsewhere this week had a depress-
ing effect on business activities.
While consumption of some goods
was quickened by the high tempera-
lures, numerous consumers were
absent from the shopping districts,
and there was q perceptible slack
ening Of work at various manu-.
featuring Establishments.
mo new trend in demand isl
discernible as the first half Of the
year nears an ending, the situation
still being marked by irregularity.
1.-THE prevailing policy is one OF
holding commitments within the
limits of safety.
where old contracts have been
filled and additional business has
not developed in sufficient volume
to keep all machinery occupied, cur
tailment of output is being prac.
ticed. and even in the steel indus
try incoming orders are not up to
the rate of mill shipments. 1t Isl
reassuring, on the other hand, that
cancellations have been compare
lively few, fact that is attested
by the continuance of remarkably
heavy movement of freight on the
railroads. There are q number Of
other encouraging features present,
but elements of uncertainty also APP
pear and prudent interests main
tain cautious attitude.
The Washington times., 1923-06-23
TEXAS FOLKS IN PARADE
ESCORT PRISONERS TO JAIL

HOUSTON, Tex, June 23.-More
than fifty automobile loads Of
Goose Creek citizens are en- route
from the oil town. twenty-one miles
from here, as an escort to the four
residents of that place who have been
ordered confined in jail here for
contempt, according to a telephone
message received by a local news
paper.
Many business houses are said
to have closed. The four were
ordered to Jail following their re-
fusal to answer questions pro.
pounded by the grand jury in re-
gard to flogging cases.
The Washington times., 1923-06-23
s I D OK PRICES
CONTINUE
UPWARD
Interest Centered in Rail and
Oil Shares in Dull
Market.
BY w. S. COUSINS.
copyright. 1923. by Cosmopolitan
News SeryiceO


NEW YORK, June 23.-The stock
market was dull and featureless to-
day, with interest mainly centered In
the rails and oil stocks, in which
price tendencies were mostly up
ward. Some stocks in the former
group regained a good part of the
losses sustained on Wednesday. IN
dustrial and motor stocks were gen
orally on the decline, though here
also price changes were mostly frac-
tional.
President Harding's plea for a
speedy solution of the railroad prop
lem and his outspoken opposition 10
Government ownership and opera
= ton of the transportation lines re,
acted favorably on the railroad
stocks, particularly the low-prlced
Issues like Erie, st. Paul, Pere Mar.
Quette and Rock Island. Prices OF
these stocks were almost on level
with Monday before the heavy sell
Ing which resulted in "Wednesday S
break in the market.
Tire stocks had already discounted
the announcement of price reouc-
tons by United States Rubber and
Kelly Springfield were therefore
steady on a small volume of transao-
tons today. Studebaker and Chan
der. the leaders in the motor group,
reacted about point each. Fisher
Body, which sold down thirteen
points in yesterdays session, dropped
four points more today, and sold
near the low for the year.
Oil stocks were strong and active
with Independents in the lead.
Houston sold 2 points higher near
the opening, Sinclair was active
around 251a, Marland gained a
point at 4Ok, California Petroleum
and Middle States Oil sold in great
volume at the former closing price.
Standard Oil stocks were slightly
reactionary, though the California
stock sold fractionally higher near
the close. Corn Products dropped
3 points at 1854 in the first period
but regained more than point.
Woolworth was uo points and
Dupont 2.
The bond market was inactive
but seady. Speculative railroad
and Industrial bonds made further
additions to their recent gains.
Foreign government bonds were
steady with the new Austrian s
per cents half a point higher
Liberty, 31s's sold at 11O.31, first
AVS at 1913, second AVS at 9S.14,
third ANS at 1921, fourth AVS
at 1914. Treasury AVS at 1927.
The Washington times., 1923-06-23
Chicago Grain Market.
By COsmOpOlitan News Service.

CHICAGO, June 23.-Grains gen.
orally opened higher today. At Liver
pool wheat closed the short Satur-
day session with an advance of I'D.
Here opening quotations were:
Wheat-July, 106@106B; Septem-
Der, 1851 @105%; December, 1910
107N.
Corn-July, s3&; September, 1915
$50; December, 67R @68.
Oats-July, Al; September, S7%;
December, $685..
Rye-July, 64B; September, 67@
67A.
e September led in the upturn in
wheat and met with good class of
commission house buying. Offerings
were limited and the market tone
stronger. Good commission house
buying was prevalent in corn,
particularly Septe m Der which
strengthened the future. Sales of
100000 bushels for storage were re-
ported. Oats trade was light with
only small orders in sight.
The Washington times., 1923-06-23
Local Wholesale Market

EgRs-Strictly fresh. selected. candled
per doz.. ?6c.. average receipts. 3sc:
Live Poultry-Roosters. per h.. 12@
13c; turkeys, per h.. Csc; spring
chickens. per ID. 45&56c; keats. young,
each. 40c; fowls, per h.. 23c.
Livestock-Calves. choice. per h..
Zoe: medium. per h.. S0shc; thin,
lac. Live pigs. Ss.oo05.oo each; live
Dressed Pouitry-Fresh-killed spring
chickens. per ID. 500 soc: winter chick
ems 36c; hens, per h., csc: ROSTERS.
per h.. 2Oc; turkeys. per h., $50 Acc:
keats. young. each. TOO soc.
Green Fruits-Apples. per bbl.. $1,000
900: California oranges. per crate, 5000
$50: lemons per bog. s5.5o9s.6o: grape
6Q16c; blackberries. per Ct. SO zoe;
Observation-Disclosures, No. 1, per Dbl.
$1.50@2.00; per sack, $2.0o@2.75: sweet
potatoes. North Carolina. $2.50@S.oO:
beans $1.6003.00; kale. per bbl. so
@1.O0: lettuce. Southern $1.5O@3.0o;
peas, 100000 per basket: celery, per
crate, Ss.00@4.6o: cabbage. nearby.
100000; eggplants, per crate. $2.oo@
$500; squash, $I.5O03.oo; Florida lima
beans. $4.O0@7.OO per basket: asparagus.
$1,000 400
The Washington times., 1923-06-23
ADHsssBaHHHHHHHge BUSINESS AND FINANCE
Motor No. 7,777,777
Is Turned Out By
Ford Co.

Two new production records
were established by the Ford
Motor Company during the
week ending Tuesday, June IL,
the Ford News announces.
The total domestic output
for the week was 40,346 Ford
cars and trucks, 1873 more than
the last high week, that ending
May 20 with its total of
39,563.
Daily production went to
new high figure Tuesday when
the Ford assembly plants turned
out 6,788 cars and trucks,
beating the record of 6,781
established on May %.
Fordson tractor production
for the week was 2,698.
The Lincoln division of the
Ford Motor Company produced
ia cars for the week ending
Tuesday.
Ford motor No. 7,777,777
was turned oWt at the Ford
Motor Company on June 8 and
shipped on that date to the
Los Angeles branch of the
company.
The Washington times., 1923-06-23
BRADST Reefs
FINDS CROPS
PROvED
Hot Weather Bstters Situation
For Farmers, But Trade
Lines Are Quiet.
BY Cosmopolitan News Service.

BY Cosmopolitan News service.
NEW YORK, June 23.-Brad-
streets Weekly Review Of business
says today:
IA very fair measure OF improve
ment in crops and q smaller gain
in retail buying and in recorded
trade with jobbers. OF summer goods.
followed clearing skies in the South
and West, while needed rains have
made for better crop outlook in
the Northwest. These natural de-
velopments in q favorable direc.
ton for the week are to be con.
sidered over against some, at least
temporarily, disturbing features in
the shape Of failures Of two old finan-
cfal houses, which unsettled the
stock, cotton and other speculative
markets: rather heavy declines In
wheat prices preceding and follow
ing a conference at which means
for obtaining better prices for this
product were discussed, and sym
pathetic or seasonal weakness in
other commodities.
IAN intensely hot wave pushed
crop growth tremendously, thus re-
gaining, much lost ground. but slowed
down Industrial operation from the
Mississippi to the Atlantic. On the
other hand, the settlement Of the
bricklayers' strike at New York may
set I'm motion again q large amount
OF retarded or stopped. building.
Wholesale trade in, large primary
lines has taken on q midsummer
appearance.
THE varying effects OF over or
short supply are well illustrated in
the lowest price for wheat and the
years high record for corn, botn
reached this week. Trade and In.
dustry are better than a year ago,
but crops are still below par.
Among the leading industries
there is still q lack Of definitely
new leads indicating Telescope Of
future operations. Pig iron, scrap,
and some forms Of crude steel are
weaker, as are some Of the non
ferrous metals, but steel prices
generally are well held.
soft coal production and buying
continues large. despite talk Of low
pE1ceSS ana LOT the year TO date 1E
little below the 1918 peak. Car
loadings for early June have run
close to the peak. an evidence thai
Industrial activity has been all tina,
has been claimed for il.
Reports from the cotton manu-
featuring trade are in line with
earlier advices that northern mills
are curtailing, but that most south
ern mills are still actively employed
1.-THE shoe manufacturing trade is
quiet at the East, with recent
weather developments helping novelty
lines chiefly.
1.-THE petroleum trade, despite de.
preston in prices of crude and re-
fined, sends the report of another
advance to q new peak in weekly
production. In the textile trades,
lower prices for raw silk and re-
duced operations at mills, bear wit
ness to the rather unsatisfactory
purchasing Of silk goods. Wooden
manufacturing is active and wool.
though quiet, is fairly firm at the
East, although a deadlock over
prices is still reported from the
producing areas Of the West
The Washington times., 1923-06-23
NEW LOANS SOUGHT
BY TWO RAILROADS

The Interstate Commerce Com
mission today was asked by the
Vernon Railroad, a corporation in
North Carolina, for authority TO
issue 100000 in corporation stock
and $1,200,000 in first mortgage
gold bonds. The money would be
used to purchase q 35.miie branch
road from New Holland to Wenona
in North Carolina from the North
Carolina Farms Company.
The Chicago & Northwestern
Railway asked for permission to
issue $4,755,000 of per cent equip
ment trust certificates. The money
would be used to purchase fifty 10
comotives. 140 passenger cars. and
1.040 freight cars which would ulti.
mately cost $6,353, 200.
The Washington times., 1923-06-23
MAY LOSE 100000
FOR GETTING DIVORCE

CHICAGO, June ga divorce
decree obtained by Mrs. Joseph 8.
Wilson, in Nevada, on June 8, will
cost her 100000 left in trust by
the will Of her father, Charles f.
Ford, a Chicago banker, II a suit
filed by her brother, Eugene e
Ford, and the other executor of
the estate Is upheld.
1t is alleged the will provided
that income from the fund be paid
her as long "as she is married and
lives with her husband"
The Washington times., 1923-06-23
Baltimore Grain Market.

Wheat-Steady; No. 2 red winter,
$1.19; No. 2 red winter garlicky not
quoted. Receipts, 3,052 bushels.
Shipments, 307 bushels.
Corn-Firmer; No. 2 yellow do
mestic, $1.02 bushel Receipts, 1852
bushels. Shipments, 1873 bushels
Oats-Steadier; No. 2 white do
nestle, 52h h@53c bushel. Re-
ceipts, 4.405 bushels. Shipments,
2,063 bushels.
Rye-Ffrmer; No. 2 Western ex-
port spot, Use. Receipts none.
Shipments. 100 bushels.
Hay-Firm; unchanged.
FlOur-Quiet
The Washington times., 1923-06-23
Foreign Exchange.

NEW YORK. June 23.-Foreign
exchange opening:
Sterling, demand, 461is; cables,
4:6l R. Francs, demand, .O6201a; ca
bles, .O620h. Lire, demand, .O449% ;
cables. .0450A. Belgian francs, de-
mand. .o529; cables, .0529h. Marks,
Hill to a dollar Czechoslovak,
demand, .0300: cables, .030OR. Swiss
francs. demand, 1871; cables, 1893.
Guilders, demand, 1918; cables,
1921. Pesetas, demand. 1882; ca.
bles, .1484.
The Washington times., 1923-06-23
Food Prices For Week
Show But Little
Increase
BY Cosmopolitan Nows Service.

NEW YORK, June 23.-
Bradstreet's Food Index Num-
Der, based on the wholesale
prices per pound for thirty-one
articles used for food, is $3.18,
comparing with 1913 last
week and 1926 for the week
ending June %, 1922.
Although wholesale prices
continue to exhibit declining
tendency, changes this week
were more evenly divided than
Of late, SO declines appearing
in the comprehensive list of
quotations compiled by Dun's
Review, against "a advances.
The Washington times., 1923-06-23
Asks to lncrease Stock.

The Georgia, Florida & Alabama
Railway today asked the Interstate
Commerce Commission for authority
to increase it's capital stock from
$3.50, 900 to $2.685,O0 The increase
would be used to cancel a mortgage
of indebtedness of $2,235, 900 held by
Mrs. Cora B. Williams.
The Washington times., 1923-06-23

FURNISHED by w. B: Hlbbs & Coz
Closing prices: Bid. ASK.
Anglo. Am. OH Co. new. Is 15A
Borne.Scrymser Co. -. l122 1877
Buckeye Pipe Line Co. S81a SAN
Cheseborough Mfg. Co.. 230 1856
Continental Oil Co... 38h 40
Crescent Pipe Line Co.. II 10
Cumberland Pipe Line. 100 1902
Eureka Pipe Line. .... 100 102
Galena-Sig. OIL Co. com. 81 81
Galena.Sig. Oil Co. pfd. 112 ia
Illinois Pipe Line Co.. 1859 161
Indiana Pipe Line Co.. 81 90
National Transit Co.. -, 24A 24X
N. Y. Trans. Co. .... ITO TIA
Northern Pipe Line Co.. 90 90
Ohio Oil Co. .... 81 So
Prairie OH & Gas Co.. I191 1895
Prairie Pipe Line Co.. 104 los
Solar Refining Co.. .... 173 178
Southern Pipe Line Co.. 95 81
South Penn. Oil Co.. 80. 1873 lag
s. W. Penn. +. L. Co.. 80 80
Standard OIL Co. Qnd). 56% 81
Standard OH Co. (Kan). Al AZ
Standard Oil Co. KyJ. So 90
Standard OIL Co. Crleb.). l21O 22O
Standard OIL Co. N. ". $3.50 88N
Standard OH Co. Ohio. 28O 2s6
Swan & Finch Co...... 20 so
Vacuum Oh Co. ......... 47h AZ
Washington OIL Co. Is ~
Penn Mexican Fuel 49,. Is 16
The Washington times., 1923-06-23
NJ. Y, Cotton Market.

NEW YORK. June 23.-Cotton
futures were steady at the opening
today with prices from unchanged
to 8 points higher. Trading was
very quiet. representing further
short covering and some little buy.
ing for Wall street and New Or
leans account.
july opened at 27.72. up points;
October at 1918. unchanged, and
December at 24.7O, up points,
The Washington times., 1923-06-23
Liberty Bonds.

FURNISHED by w. B. Hibbs & Coz
The Washington times., 1923-06-23
Curb Stocks.

FURNISHED by w. B. Hibbs & Coz
The Washington times., 1923-06-23
Short Term Securities.

FURNISHED by w B. Hibbs & Coz
Prices at noon: Bid. Ask.
The Washington times., 1923-06-29
EHMKE IS TOO
STRONGFOR
GR|FFS
Stands Pace Better Than
Zachary, and So Red Sox
Win Opener, 3 to 4.
By LOUIS A. BOUCHER.

Howard Ehmke carried Jezebel
Tecumseh Zachary along to the
breaking point, which was in the
first of the ninth. Then Zach, who
had been wilder than his wont all
day, franked couple of birds and
saw them score on singles by Joe
Harris and Hank Shan1xs, enabling
the Red Sox to take the first VIC
tory Of the series, 3 to /.
Zachary. permitted but half a
dozen blows all day. Nevertheless,
had It not been for his supporting
cast, especially Roger Peckinpaugh,
he might never have gone the
distance. He was altogether too
generous, as his seven passes proves.
Peck began his stunts in the first
frame when he went behind the bag
for Collins bounce and Tipped 1t
to Bucky Harris, forcing Mitchell
At odd times he glistened until the
eighth when his jumping, one-hand.
ed catch of Walters liner climaxed
a wonderful day for the veteran.
Shane Collins turned in two
catches as good as any ever seen
in Washington. With the rain
tumbling down the Red Sox veteran
raced almost out to the center field
wall and pulled down Joe Judges
tremendous slam with his gloved
paw. In the next frame, the
seventh, he seized Goslin's drive
within reach of the scoreboard.
Those two catches were worth the
price of admission.
Rice's single, pass to Goslin and
judges safe slam to left gave the
Griffs a run in the first, their last
for the day. The Red Sox tied 1t
UP in the second when Burns walked
advanced on a single by Joe Harris
and tailed when Walters crashed
a hot single off Zach's glove.
The Red Sox copped in the ninth
Mitchell led off with q pass. The
next two died but Burns took a
walk. Joe Harris pumped a single
to left, scoring Mitchell and Burns
came off when Shanks singled tc
left center.
The Washington times., 1923-06-29
DOW WALLING
IS HERO IN
BIG RACE
Strokes Washington Eight 10
Victory on Hudson and
Then collapses.

PoUGHKEEPSIE. N. r, June -.
Dow Walling, twenty-one-year-oid
hero Of Washington's victorious
eight, winners of the annual inter-
collegiate regatta, Yas today suffer.
ing intense pain from the infected
knee which, for three days pending
the event threatened to keep him
I'm the hospital instead of at the
stroke oar Of the "Huskies,' shell.
Walling had to be lifted from the
Washington boat at the finish of
the race last evening when the
western crew came in ahead Of
Navv leading Columbia. Syracust.
Cornell and Pennsylvania In the
The Washington. crew was the
toast of the town" today. While
considered dangerous rival to
formidable. eastern Fights the IN.
vaders-particu1arfy with Waliing
injured--were NOT expected TO cap
While the time OF 1905 Is, for
the three mile row, was not q
record breaker, when Mays last
year time of 1898 3-5 is considered,
the speed Of the westerners. under
existing weather and water con.
ditions, showed their power. The
first mile Of the race was run In
slight rain, the last two miles 81
downpour.
Washington's victory 10 the first
ever taken by the west In the
twenty-eight years Of the inter.
collegiate regatta's history.
In the freshmen two-miIe race,
one Of the most thrilling seen IN d
Tl@N~ 10 a. 49, @-NW
by one fifth Of q second. Syracuse
finished third, Pennsylvania fourth,
Columbia fifth.
Syracuse won the two.nile Junior
varsity race by length. Cornell
was second. Columbia third, Penn
sy1vania fourth.
The Washington times., 1923-06-29

A. c., which operates there, already
mas a job on hand in the promotion
of the Leonard-Tendler argument,
set for the night Of July 8.
Late advices from the West con-
tain the threatening note that has
been anticipated all along. Jack
kearns presents q sound argument
when he says Dempsey and Gibbons
could have been fighting elsewhere,
and he opposes any postponement
that does not involve shift to an
other battle-ground.
On the other hand, 100000 Is q
lot Of money in Montana, where it
represents a per capita for the
State of about so cents. The West
erners are becoming peevish over
the prospect of no fight and Demp-
sey walking off with the spoils.
If the bout is called off in Mon
tana it is almost certain that
Kearns will retain only the First
hundred thousand" to cover his ex-
penses and the loss of time. Rick
ard. no doubt, would be willing to
guarantee Dempsey the other $780,
900, possibly more, and toss in
something for Gibbons besides.
The Washington times., 1923-06-29
JESSE GUILFoRD PLAYS
FOR BAY STATE HONORS

NEWTON. Mass, June 29.-Eight
players, representing seven clubs,
remained in competition after the
first and second rounds Of match
play for the State golf champion.
ship at the Braeburn Country Club.
The survivors are w. A. Jackson,
Winchester; w. H. Workman, Com
monwealth; r. w. Brown. Country
Club; Howard G. Paul, Bellevue:
r. r. Gorton, Braeburn' Jesse p.
Guilford, Woodland; Karl Mosser,
Braeburn, and j. H. Eaton, Merri-
:naol Valley.
Yesterday was full Of upsets. and
six matches went either to the
home green or to extra holes, Gull
ford and F. c. Newton, Country
Club, furnished the morning fea-
ture, when the former champion
was forced to the nineteenth hole
to win the decision.