The daily star-mirror. (Moscow, Idaho) 1911-1939, 1923-04-19
GOVERNMENT TAKES ACTION TO STOP
ALL SPECULATION IN SUGAR FUTURES

proceedings to shut off trading in
sugar futures unless they are back
ed by the actual ownership or con-
troll of sugar, were instituted in
New York today by the federal gov
ernment. The bill, prepared under
the direction of Attorney General
Daugherty, after a consultation with
President Harding, asks the court to
permanently prevent the New York
coffee and sugar exchange from en-
tering into or permitting sugar
transactions unless the person pur-
porting to make such a sale has in
his possession or under his control,
a supply of sugar adequate to meet
the requirements of such transact
ion."
The government alleges that an
"orgy of speculation" has been ex-
listing, and exchange officials have
been asked to appear in court. A
conspiracy in the restraint of trade
and commerce is the charge being
placed against them.
The hearing on the governments
application for temporary injunc-
ton is to be held April 80 unless the
court grants postponement, it was
announced at Mr.. Hayward's office.
Sugar Futures Take Drop
New York-(A P)-Raw sugar
futures took perpendicular drop Of
approximately fifty points on the
New York coffee and sugar exchange
today upon the receipt OF word con-
corning the governments suit to en-
join trading in sugar futures. The
figures in futures tumbled from
fifty to eighty-nine points, but which
was followed by a rally of from
twenty to fifty-seven points, bring
ing the prices to within nineteen to
thirty points of the days high peak.
Planes Hop off on Long Flight
San Diego-(A. P.)-Four big Mar
tin bombing planes manned by eight
and five enlisted men of the
United States Marine corps, hoped
off from the North Island navy
training station here at nineteen a.
m. for a cross the continent flight to
Quantico, Virginia.
Take Safe From Truck
Kansas City, Mo-(A PA safe
about $4,000 in checks
and $1,000 in cash was taken by
bandits here today from truck be-
longing to the American Express
company. The bandits fired several
shots before escaping in an automo-
bile, but no. one was wounded. 1t
vas not an attempt to open the safe,
he men taking the safe with them
n the auto.
Wins 25 Mile Marathon Run
Boston-(A. P.)-Clarence de Mar,
If Melrose, won the annual 25 mile
marathon run from Ashland to Bos-
on today despite the cold 1t was
lis third victory in the classic. De
Iar's time was 2 hours, % minutes,
z and SIS seconds. Frank Zuna, of
Jew York finished second, and Wal
lie Carlson of Chicago, third.
Lead Price Drops
New York-(A. P.)-The American
melting and Refining company to-
ay reduced the price of lead from
.25 to cents a pound
Five Killed in Fire
Lynn, Mass.-(A. P.)-Five persons
yere killed in a fire which destroy
d Essex Castle, five story brick
partment house, here early today.
Iany of the occupants were hurt.
State Forces Take City
Buenos Aires-(A. PA Rivera
ispatch to La Nacion says that the
tate forces in Rio Grande Do Sui
ave taken the city of Alegrete,
bandoned by the revolutionaries
fter a short fight. The dispatch
avs that the government forces are
in the Quarahy dis
,ict where the rebels have collected
500 men.
Recover Stolen Bonds
St. Louis, Mo.-(A. P.)-Two mil
on dollars worth of bonds and Sc
lrities included in the loot taken
the holdup of an armoured mail
uck here April 2, was recovered late
,day in the home of William F. Doer-
ST. Louis county, several miles
est Of this city. In addition to the
1nds and securities, post office in
)ectors and county officials found
,veral revolvers, some fuses, and
arrel said to contain whiskey.
Whitney " Doering, brother of Will
am. was arrested.