davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1923-04-17

expert of the Liberty dairy at Shang hai.
 There is no better opportunity in the world than right here in China . writes MT. Varney in q plea for aid in getting American dairy school men to the Orient. 'The kind of men wanted are the sort who are as much
Evening star., 1923-09-09
TONE IS IMPROVED
: IN STEEL MARKET
Japanese Calamity Will Bring
Many 0rders-Copper
Also Turns Stronger.
Br the .Associated PrAss

BY the Associated Press.
NEW YORK, September S.-The
disaster in Japan, with a vast de-
struction of property which will have
to be replaced, has infused a new fac
tor into the steel situation. Already
Inquiries have been received from
that country for structural mateTia /.
and fireproof construction, and large
has also shown signs Of broade ming.
thus promoting an undertOne which
has held about steady, but with de-
mand of d rather sporadic character.
consisting largely of moderate sized
lots.
Copper was firmer, and no sellers
We're reported below 1884 cents. while
some producers held for 1875. 1t was
said most of the South African copper
refined here was sold to better advan-
tage in Europe than\it could be i'll
been Influenced by the strength of
other metals and prospects of large
requirements for reconstruction work
in Japan.
Lead held firm. with operators the
chief buyers, and more interest shown
by battery. cable and paint makers
Stocks. while ample. were firmly held
Tin also continued firm on heavy
speculative purchases due TO a strong
statistical position and prospective
larger demands from consumers.
ZinZ reflected more active foreign
demand. especially from Japan for
galvanized sheets.
AntimOny was quiet but steady, W with
less Offering from China
Evening star., 1923-09-09
LIVE STOCK MARKETS.

BALTIMORE. Md, September &
(SpeciaD.-The general live cattle
market continues steady under fair
receipts and a moderate demand cen
tered on cattle of first quality. Wharf
receipts continue light and mostly of
ordinary grade which is slow to find
favor even at the lower values quoted
No surplus of choice handy weight
veal calves. which are in good de-
mand, but old sheep are plentiful and
slow sale. Quotations today at Light
street wharves:
Beef cattle, first quality. to TO-;
medium, to s. Bulls. as TO quality.
common to fair, to 3. Oxen. as to
quality. to :. Milk cows. choice to
fancy. per head. 5000 to 1900: com
mon to fair, 5000 to 5000 Calves
veal. choice. II; ordinary to medium,
2 to IL; rough, common. thin. TO s.
Sheep. choice. AZ to ). Old bucks,
3 y to 4: common to 21a. Lambs,
spring. choice. IL to 13; fair to good.
10 to II; common. thin. to .. Hogs,
straight. 9 to 10. Sows. to s. Stays
and boars. to ). Live pigs. as TO
size and quality. 10 to ~. Shoats. as
to size and quality to 10.
NEW YORK, September Seattle
Steady with no receipts. Steers. 5.65a
1925: state bulls, 3.00a4.50: cows o5a
$50
Calves-Steady. receipts. 100; veals,
13.50a16.00; culls and little calves.
7.00aS.00; buttermilkS, 50Oa6.00
Sheep and Lambs-Steady; receipts.
1900: sheep. 6.O0a6.5O; culls 200aS. 90:
lambs, 11.00a15.00: culls. 7.O0as.O0.
Hogs-Steady: receipts. 80. Me-
dunn to lightweights. 5.6Ja5.75: pigs.
9.40a9.50: heavy hogs. 9.OOa9 10:
toughs. 6.00a1.O0.
Evening star., 1923-09-09
Joint Stock Land Bank Officers
To Hold Convention in Capital
Director Harris Brings about Meeting
Here--Illino;s Bankers Take Step to
Guard against Robbery--Securities.

larry Insuranoe Underwriters Associ-
alton OF New Yol'k, which at that
time liked the rates to be charged
by the companies. put into effect A
taIiT more than doubling the rates
then in existence
Profcsts filed to the effect that this
new tarlH was not justified by eX-
perlence We're of no avail. The bank
ers claim that the loss ratio over
the period of 1920. 1921 and 1929.
without the additional premiums eX-
acted from them by the last advance
per cent AMI that they are paying a
tribu.e to the companies entirely un-
called for
ENpend $4,000 Year.
Since July, 1921. the Illinois Bank
erS Association has been eXpending
in the neighborhood of $4,000 a year.
through its protective department, in
assisting in the apprehension and
conviction of criminals molesting
banks and in field service by means
of which the members are called
upon and given expert advice rela-
Give to improved equipment, methods
of protection and installation of elec-
trlcal alarm systems. The companies =
We're doing nothing To alleviate the
situation, neither giving amy assist
ance in following criminals nor in
forma tive adVic. TO the banks and
made no effort to help the assured to
prevent losses The association s
work in this respect received no rec
ognition at the hands OF the insur-
ance people. but. instead. the rates
have been boosted beyond what was
thought fair.
The committee on Insurance of the
Illinois body during the past year
made thorough Investigation of the
situation and in reporting to the eX-
ecutiVa council recOmms nded that the
association become instrumental in
forming a mutual company under the
laws provided by Illinois for such
companies. In making it's recommend
alton it gave full consideration to the
question of the strength Of such Il
company and that it should be one
which would be a credit to the bank
ing institutions of that state. 1t be-
lieved that. after all, an insurance
company is largely IA financial organ
ization and that no group of men
would be better equipped by training
and experience than bankers for the
handling of such a business. Where
upon the executive council approved
The recomnle ndatiou and authorized
committee, consisting of the officers
and the chairman of the committee
on insurance to proceed with or
ganiZation.
Like Plan Possible In District.
Such a project for the District OF
Columbia has long been contemplated
by certain powerful bankers here.
DetrimentS to sound banking SyS-
tenn has been Il thorn in the side or
the local association for many years,
and il is understood committees are
now hard at work to formulate some
remedy for this growing evil.
Naturally. the insurance c"mpan-
les and agents have raised much oh
lection. They speak of the movement
Evening star., 1923-09-09
BANKERS HERE STRESS
REPORTS FROM RUHR
Possibility of End of Passive Re
sistance by Germans Held
Very Significant.
BY the Associated Press.


NEW YORK, September S-Reia-
lively firm securities prices i'll the face
of the Greco-Italian crisis. Japanese
earthquake ami suspension of hard
coal mining; quick absorption of two
bond issues ggregat;ng s15.000,000
a brisk rally in cotton and new low
records in British and German ex-
changes followed by 4 quick recovery
were the outstanding features of this
weeks financial markets. One of the
most significant developments of the
week in the opinion of international
bankers. which has been partly lost
sight of by the magnitude OF the
Japanese news. was the report from
Berlin that Germany was preparing
to give up passive resistance in the
Ruhr because she no longer found it
possible to finance 1t.
Increased forward buying has been
reported from many sources while
the decline in commodity prices ap-
pears from the leading indiceS on the
subject to have been checked. at
least temporarily. Record freight car
loadingS are expected in some quar-
ters to result in a resumption of
by some railroads before
the end of the year.
Evening star., 1923-09-09

as socialistic and suggest extravagan
and ridiculous conclusions. However.
they steer clear of Offering any ac-
curate and specific showing of their
experience in these classes of insur-
ance. They refer to the maxim of
live and let live" but il is the consen-
suS of opinion that the insurance men
are building too. strongly on what
they conceive TO be the conservatism
of bankers and that they are not gov
erned by a similar principle. 1t seems
strange and rather paradoXical that
while the companies continually claim
to have been losing money on their
bank burglary, robbery and fidelity
business during these many years,
they ridicule those who are anxious
to relieve them of the burden.
The men who have been placed in
charge of the new Illinois body do
not underrate their responsibility and
intend to conduct the business along
sane and conservative lines. In lieu
of capital stock. an ample surplus
fund will be created guarantee to
the policyholders. and under the mu-
tual plan every policyholder will par
ticipate in the net earnings of the
business.
Evening star., 1923-09-09
US. CANADA
PLAN DRY PARLEY
Conference to Be Held in At
lanta to Seek Cooperation
Against Rum SmuggIers.

formal agreement between the
United States and the Canadian au-
thOrities to confer at Ottawa in the
near future on the liquor smuggling
problem was announced Yesterday in
correspondence made public by the
State Department.
Mckenzie Moss. assistant secretary
OF the Treasury. who has Jurisdiction
over prohibition enforcement will
represent the American government
at the conference and will be accom-
panied by several expert assistants
The correspondence given out by
the department included several let
ters which have passed between Sec
retary Hughes and Henry G. Chiffon.
charge d'affaires of the British en-
bassy. who gave assurances that
Canada was anxious to cooperate so
running.
With regard to the general ques-
ton" wrote the British charge.
whether the Canadian government
would bt disposed to cooperate with
the United States government by pro-
hibtting shipments of liquor from
Canada to the United States. unless
q permit authorizing such shipments
De HrSt obtained from the competent
United States authorities, | have to
inform you that the Dominion gov
ernment have every desire to furnish
such informa tion to the American
auth thorities as will assist them in Sc
curing observance of the United
States law just as the government
OF Canada would themselves welcome
the cooperation of the United States
government in similar circumstances
In this connection | would add that
Canadian customs officers at frontier
ports already make Il practice of no
Trying American customs officials in
adjacent territory of the expectation
of duty-paid liquors by vessels, and
that in some instances American Of
1lcials have been present at the time
such shipments We're made from
Canada.
The Dominion government would
be glad to receive at Ottawa repre-
sentative of the United States govern
ment with a view to discussing the
possible ways and means of furnish
ing additional assistance with a view
to meeting the situation.
THE Governor General Of Canada
desires me to assure you that the at
titude OF the Canadian government in
this matter is entirely friendly and is
inspired by a desire TO further as far
as possible the most cordial relations $
with the United States"
Evening star., 1923-09-09
SEEK To REVISE
INSURANCE CODE
D. c. Officials to Push Bill
Revamped After Defeat
in Last Congress.

Congress will be again asked at
the next session to enact a new in
surance code for the District, Burt 4.
Miller. superintendent of insurance.
said in his annual report to the Com
missioners. The bill. which failed of
passage at the last session. has been
improved in some details. and an
effort will be made to have it put
on the statute books.
Total premiums IL. 1922 amounted to
S16.SI6,S26.22, and losses, s5.526,305.24
an Increase Of Sl.11S.6S1.2S in pre-
miums. and an increase in losses OF
So l,646.6S. Mr. Miller reported. Losses
paid by fire insurance compan nies last
year We're greater than in any other
year since 1902.
The assets of all insurance compa-
nieS and associations transacting bust
ness in the District at the close of the
last calendar year amounted to S10,-
12s.203.13S liabilities. sS,325,8S1.-
20l.s6, and surplus. including capital,
$780,, 32l 1861. Licenses issued num-
bered 1863, an increase of IL over 1921.
Evening star., 1923-09-09
Losses in Toxic.
Exaggerated in
First Dispatches

\ message confirming press re-
ports that early estimates of loss
and casualties at Toxic were ex-
aggernted was received yesterday by
S. G. Hopkins. confidential adviser
of Mitsui & Co.. the large export
ing and importing corporation of
Japan. The message said:
Martial law. Relief work pro-
ceeding orderly manner. Govern
ment requfsitioning articles of ne
cessity. Thirty-day moratorium
decreed for devastated area only.
All Mitsui buildings Toxic and
Yok ohama intact, though interiors
injured by fire. Members OF Mi
tsui family and directors and most
of staff safe. Business hitherto con-
Quoted in Toxic and Yokohama trans
ferred to Osaka and Kobe, respect
lively, for time being. Early Toxic
reports greatly exaggerated, but
conditions Yokohama serious"
The message was welcome news
at the Japanese embassy here.
Ambassador Hanihara's wife being
daughter of the head of Mitsui
6. Co.
Evening star., 1923-09-09
WHEAT SELLS OFF
ON CROP. REPORTS
100000 Boost in Cana
dian Estimates WeakenS
Prices in Chicago Pit.
BY the Associated Press.

BY the Assocat Press.
CHICAGO. September s.-Surprise
at assertions that the three prairie
provinces of Canada would harvest
1S.000,000 bushels more wheat this
season than a year ago. led to a
moderate decline today in Chicago
prices for wheat. Closing quotations
were unsettled, Is to Is net lower,
with December. 1.06l4 to 1.06S. and
May, LIE to 1.115s. Corn finished
at range varying from y decline
to 4 advance. oats Is to Il down
and provisions o'20 up.
At first the majority of wheat
traders here We're inclined to ignore
production of wheat in Canada, the
fresh forecast being upward of 100.
100000 bushels In excess of an eSti-
mate yesterday by the president of
the Canadian Pacific railroad. S.H-
ing here increased, however. when
Winnipeg quotations showed Il ma
terial setback. Commissions house
buying developed on the ensuing
downturn in prices. but rallies failed
to last
Prospects of moderate increase of
the United States visible supply total
Monday had some bearish effect on
the wheat market al the day drew to
an end. On the other hand. il was
pointed out that shipments of wheat
from Chicago this week have exceed
ed the receipts and that in all mar
ketS wheat FOR immediate delivery
Is selling at premium over trans
fers to be made in the future Bulls
contended also that Europe would
take large amount Of Canadian
wheat. that hedging pressure would
be less of burden than many feared
and that the present price level has
discounted the Canadian crop in full.
Corn and oats were easier with
wheat. except that the September de-
livery of corn displayed strength as
result of SCantiness of receipts and
of rural offerings to arrive
Provisions ascended in line with
hog values.
Evening star., 1923-09-09
GLEN ALDEN COAL
FEATURE ON CURB
Market Lower Early in Week. But
Shows Better Tone in
Closing Trading.
BY the Associated Press.


NEW YORK. September N.-The
market on the New York Curb En-
change during the past week was
irregular. heaviness prevailing in the
first few days as result of the
Japanese disaster. but following re-
cesSionS which then occurred strength
developed in the industrial issues.
many of those stocks at the end of
the week showing substantial gains.
Glen Alden was one of the strong
features. moving up points. most
of the buying being based oii oy-
pected settlement of the labor Sltua-
tion. Gillett Safety Razor. which vas
in demand on large scale, rose over
8 points. Chicago was in steady dc
mand in connection with report ID
arrangements to settle the acctlIu-
ulated dividends. and made Il fraC-
tional gain.
Many industrials appeared IN The
trading that had been neglected for
some time. among them being Hudson
and Manhattan preferred and Ford
Motor of Canada.
Evening star., 1923-09-09
SCOUTS FUEL SHORTAGE.
President Burns Says Prices Will
Be Somewhat Higher.

PITTSBURGH. Pa. September s.
President Burns Of Burns Bros. larg-
est distributor of anthracite. says if
miners return to work as their union
representatives have virtually agreed
by accepting Pinchot's plan. the
public need have no fear of fuel
shortage. Prices will be inevitable
higher if wages go up 10 per cent as
operators have agreed. said Mr..
Burns. But even 50. with adequate
shipments coming in, small dealers
and peddlers will not be able to get
the exorbitant prices they did last
winter
Producers have not Yet announced
how much OF an incr@l3e to f. {. y.
mine price will be caused by wage
increase. There will be plenty of
right kind Of fuel at u steady price.
Evening star., 1923-09-09
MUCH FOR CHARITY
IN A. B. DUKES WILL
Wealthy Tobacconist Bequeaths
Thousands to Educational In
stitutions and Orphanages.
BY the Associated Press.

NEW YORK, September S-The will
of Angler B. Duke, millionaire to-
bacco merchant. drowned Labor day
at Greenwich. Conn. was filed today.
Educational and charitable bequests
aggregated s2s2, 900, including S@50.O00
left to Trinity College. Durham. y. c.
Other bequests included Memorial
Methodist Church. Durham, y. c..
$4,000; Methodist Orphanage for
white children at Raleigh. y. c., s10.-
900; Methodist Orphanage for white
children at Salem, y. c., $1,000; OK
ford Orphan Asylum for colored chill
dren at Oxford. y. c., $1,000; National
Religious Training School at Durham,
n. G, $1,000.
To his sister, Mary Duke Biddle.
were bequeathed the family silver and
pearls left Mr.. Duke by his mother
and also a one-fourth share of the
residuary estate.
The remainder of the estate is left
to members of the family.
No petition stating the value Of
the estate accompanied the will.
which was attested December 70.
1922. Conservative estimates placed
the value. however, near $5.100,OOO.
Evening star., 1923-09-09
BERLIN IS AMAZED
BY MARKS ACTION
Spectacular Improvement in New
York Causes Panic Among
Spectators.
By the Associated Press,

By the Assrcia ted Press.
BERLIN. September s.-The spec
tacular Improvement in the German
mark reported from New York has
, thrown the bourse and curb speou-
I lators into panic IL has also
affected small investors. as well 3
| hotel cashiers. walters. BARRIERS and
cigar shop statesmen, who, up TO a
late hour yesterday, We're buying up
dollars on the basis of the Berlin
quotation of 53.00O.00O marks or
better.
While various reasons are assigned
for the pr.cipitatc drop in the dollar
rate, among which is the impression
OF an impending settlement Of the
Ruhr conflict. the prevalent opinion
provement as play staged by the
bears on the foreign bourSes who
are taking advantage OF the local
bourse holiday to cover short sales.
This view Is accepted as reason
able explanation. inasmuch as the
governments drastic ordinance with
respect to the seizure of foreign cur
Tencies was already known on the
Berlin bOurse Yesterday. where it's
effect failed to make Il perceptible
dent in the dollar quota ton. which
reached the top figure of $1,000. 900
marks in unofficial trading during
the late afternoon.
Wall street Mystined.
NEW YORK, September s.-Wall
street was unable to explain the
staying qualities of the German
mark. which, after yesterdaysf wild
tiuctuation in value. rema ined
throughout today at ga cents d
million.
Yesterdays quotations jumped from
i a cents million to Al. cents sub
siding toward the close TO 3I4 cents.
Evening star., 1923-09-09
CoTToNsEED OIL UP.

NEW YORK. September SIN
creased activity with another strong
advance featured the cottonseed oil
market today. Crude was firm. shorts
covered freely on the upturns in lard
and cotton and there was active
commission house support. Final
prices showed to 20 points net ad-
vance; sales 22.S0O bbls.. prime crude.
1000 nominal.
Evening star., 1923-09-09
BAKER rs OPTIMISTIC.

NEW YORK, September S.-George
F. Baker, sailing on the Olympic for a
two-month pleasure trip to AiXles
DainS, France, said: "The outlook for
business this fall is excellent. There is
nothing to worry about, and ] think
things will work out all right
Evening star., 1923-09-09
COPPER PRICES sTEADIER.

NEW YORK. September S.-The
copper market has not been active,
but prices have shown generally
steadier tone during the past week
on reports that supplies in second
hands were small. and that better
export demand was developing. Quo
tations for electrolytic copper ranged
Iron was firm.
Evening star., 1923-09-09
WOOL MARKET SLOW.

BOSTON, September s Especially -
Continuance of high prices at the
London wool auctions has caused
dealers to slow up their efforts to
dispose of their stocks at prices Of
fered by manufacturers. The opin-
ion appears to be spreading that
manufacturers will be obliged to pay
higher prices from now on.
Evening star., 1923-09-09
FLOUR 10 CENTS HIGHER.

MINNEAPOLIS, September 8. -
Flour unchanged to 10 cents higher;
family patents. 6.35a6.65 barrel;
shipments. 52.297 barrels. Bran.
26.5Oa27.OO. Wheat, No. ! northern,
191sa1221s; September. 1.16b; De-
cember 1.17K; May. 1.2O. Corn. No.
yellow. S3a831a. Oats. No. 3 white,
353sa35Ts. Flax. No. !, 2.33a2.34.
Evening star., 1923-09-09
WEEKLY BANK REPORT

NEW YORK. September S.-The
actual condition of clearing house
banks and trust companies for the
week shows an excess in reserve OF
s4,332 $50. This is a decrease of
S4402610
Evening star., 1923-09-09
REQ MOTOR VOTES EXTRA.

LANSING. Mich. September S-The
REQ Motor Car Company today declared
an extra dividend of per cent in addi-
tion to the regular 11a per cent quar-
terly dividend. payable October /. TO
stockholders of record September 10.
Evening star., 1923-09-09

A convention of all joint stock land
banks of the country will be held In
Washington this winter for the dis
cussion of problems incident TO the
management of such institutions.
While no definite date has been set
for the meeting. it is believed the
convention probably will open here
about January !.
George \. Harris. president Of the
Potomac Joint Stock Land Bank. and
director OF the American Associa-
ton of Joint Stock Land Banks. Is
primarily responsible for the favor
able consideration given this city as
meeting place.
Local Securities Prices.
The following latest bid" and
"a Sked" prices Tor unlisted securities
is printed herewith tor the guidance
for the holders OF these issues:
BONDS.
Evening star., 1923-09-09
BUTTER HIGHER TODAY.

CHICAGO, September S.-Butter.
higher: creamery extras. 44a: stand
ards 43A; extra firsts. 42a43h; firsts,
80 ~ AL; seconds, 3L1aa3SR. Eggs.
higher; receipts, 10,S01 cases; f1rsts.
29a31; ordinary frsts. 26a27; storage
packs firsts, .32k.
Evening star., 1923-09-09
CLOSING SUGAR PRICES.

NEW YORK. September Sugar
futures closed dull. Approximate
sales, 500 tons; September, 4.52: De-
cember. 4.45; March, S.75; May, 3.S5.
Evening star., 1923-09-09
DIVIDEND DECLARED.

NEW YORK. September S.-S!oss-
Sheffield declared regular quarterly
ia per cent preferred dividend. payable
October l. stock of record September 90.
Evening star., 1923-09-09
NEW BALTIMORE BANK,

BALTIMORE. September S.-The
Century Trust Company. now being
organized. will begin business No.
v1nber | with paid-ln capital and
surplus of 81 600. .O0O
Evening star., 1923-09-09
HUDSON HAS BIG MONTH.

DETROIT, September S.-The Hudson
Motor Car Company in August produced
10,0y5 Hudson and Essex cars. 1t was
the second largest month in the COM
pany's history.
Evening star., 1923-09-09
Bankers Launch Safety Plan.

bhhkcrS LSuncn safety f'ihp.
Through the efforts OF the Illinois
RankerS' Association and its commit
lee on insurance. the bankers OF
that state have launched Il movement
which. it is believed. will have far
reaching effect. The movement ia the
organization OF tn Bankers Mutual FL
deity and Casualty Company. to in
sure banks against loss by burglary
or robbery. or both. and to guarantee
the fidelity of Persons c,upying
places of trust. upon tie mutual plan.
Since 1918 the rates for burglary
and robbery insurance to the banks
in Illinois have increased from 800
TO 1000 per cent. dependent upon the
location and equipment of the bank.
Beginning with 1917. when the loss
ratio To the companies was at it's
peak, there has been a steady decline
and figures that may be considered
reliable indicate that in 1920 the COM
bined companies suffered a loss of 81
per cent of the earned premiums on
the bank burglary and robbery in
Surance business in that state. YET
towards the close of 1921. the burg
Evening star., 1923-09-09
BAR SILVER RATES.

/. LONDON. September S.-Bar silver
81 7-16 per ounce; money, "a per cent
discount rates. short bills. 2ha3B pei
cent; three-month bills, 3Aa3 sic