davidaulloa/AmericanStories huggingface dataset:
Evening star., 1923-08-31
MENACE STILL SEEN
IN BIG OIL OUTPUT
Producers Report Small 1ndepend-
ents Hard Hit by
Lower.

NEW YORK. August Sf.-The Pc
troIeum industry is now experiencing
one of the most unsettled periods in
its history in this country
Situations similar to that exist
ing at present have been eXpe-
rienced before. but with the gigantic
have grown in proportion. Despite
the unsettlement, officers. OF the larg-
er companies do not take pessimls"
tic view of the outlook and express
the opinion that the industry Will
carry on through the current period
of overproduction and emerge in
satisfactory position.
They also express the opinion that
the low prices for gasoline are only
temporary. due to the stocks OF dis
tress" gasoline being thrown on tne
market. AS soon as these supplies
are liquidated 1t is expected that the
situation will correct itself. Just how
long this will take. the o1lmen are
reluctant to forecast because or tina
absence of details indicating the
amount of distress gasoline on the
market.
pendent companies, according TO trade
reports. have been hard hit as re-
suit OF the dCllOn ldhSH~pS 'tC So
ernors of some of the western states
in reducing the price of gasoline tq
16 cents a gallon. This price repre-:
sents a reduction of about 10 cents
gallon from the recent retail prict
and a level which producers assert il
far below the cost of production.
The reduction was the largest evel
recorded at one time in the history ol
the industry, and it was only naturaf
that Washington was flooded with
fr2, hn n
calling upon the government to take
action to alleviate the situation. Re-
lief to some extent has been given by
an, advance in the retail price in this
west from 16 to 20 cents a gallon, but
despite this. opinion is expressed that
a still higher price is warranted when
is taken of other fac
tors in the situation.
Evening star., 1923-08-31
RAW SUGAR HIGHER.

NEW YORK. August 31.-The early
raw sugar market was firmer and n C
higher. with Cuba's now quoted at
41kc cost, and freight equal to 6.2S for
centrifugal There were sales. Of
1s.060 bags Of Philippine Islands. due
September 10 at 6.22. and 22.50o bags
of Cubas at 6.2S.
The raw sugar futures market was
irregular during the early operatio
and prices after declining six to seven
points under scattered liquidation on
realizing. rallied. on covering and
trade buying, and at midday were to
4 points net lower. Trading was not
very active and seemed to be of an
evening up character for over the
three-day adjournment.
The refined market was steady. and
list prices were unchanged at IT'S: 49,
Evening star., 1923-08-31
MEXICAN BONDS
MARKET FEATURE
Upturn Follows Announce
ment of Recognition by U. S.
Rails Sluggish.
BY GEORGE IT. HUGHES.

Special Dispatch to The Star.
NEW YORK. August 31.-Bond
quotations fluctuated today swith
little regard to the news.
The reported critical situation
abroad resulting from the ultimatum
Of Italy to Greece had no particular
ly disturbing effect. There were
fractional losses in some of the more
speculative foreign bonds. Investors
and traders in this country have be-
come hardened to recurring stories
of disturbances in Europe and at
present levels the yield on these for
eign securities seems to compensate
for any risk involved. AS far as
South American issues are concerned
sentiment will be tested when the
expected S60.000.000 Argentine loan
is offered next month. Any new Eu-
ropean financing will depend on
quite different factors.
strike Fears Halt Trading.
Speculation rails dragged along
without much change. On the one
hand the threatened coal strike was
not much of an adverse influence and
on the other hand there was no great
amount of buying for the rise. There
was IA slight reaction In the ST. Paul
group after their advance Thursday,
but the Fries did better.
Trading In the high grade invest
ment description was dull. Most Of
these issues seemed heavy Union
Pacific first IS were off fractionally
There was report that the Union
Pacific was about to offer some new
bonds. Oregon Washington Railroad
and Navigation As were a little higher
again today. United States govern
ment loans were not much changed S.,
There was further activity in the
fertilizer bonds such as the Virginia
Carolina Chemical and the American
Agricultural issues. with some slight
advance in price. Sugar issues were
little lower. The market was evil
IDENTIFY awaiting developments over
the holiday. Greater ACTIVITY is ex-
peCted next month.
Cpturn in Mexican Bonds.
One estimate of new Issues in pros
pect makes the total thirty-two, with
principal amount OF S100,0OO,Oo0
This includes the Argentine loan
In the late afternoon there was an
upturn in Mexican bonds, following
the announcement by Secretary
Hughes that the United States and
Mexico had decided to resume diplo-
matte relations. Both Mexican IS
and Mexican SIS advanced sharply.
Evening star., 1923-08-31
COTTON QUOTATIONS.

NEW, YORK, August 31.-Cotton ,fu-
lures opened steady; October. PASS;
December, 24.2S; January, 23s5;
March, 24.O0. May, 1886 bid. Bids
steady. -. October. 24.53; December,
2445; January, 24I7; March. 2421;
NEW ORLEANS. August 31.-Cotton
futures opened. steady. October, 1855;
December, 23.75: January. 23.72;
March. 23.71; May. 1850. Futures. ii
a. a.r11.-Bids steady; October 24.60; De-
cember. 24.69; January, 24.64; March,
s4.63; May, 24.52.
Evening star., 1923-08-31
DIVIDENDS.
RAILROADS. EARNINGS.
(Salss arc in $l,o0o.)
VOH1oS V1,OVVsI
UNITED STATES BONDS.

NEW YORK. august s1.-The Penn
sylvania railroads net operating in
come for first seven months, on Dow
Jones formula, indicates annual rate
of $3.50 on stock. compared with $3.50
on same basis for first six months and
actual earnings of $3.20 in 1922. ,-~
Louisville and Nashville's net oper-
ating income for the first seven
months, on Dow Jones formula, indi-
Gates annual rate of 1875 per cent on
stock, compared with 1872 per cent on
same basis for first six months and
actual earning of 81 per cent in 1922
Atlantic Coast Lines net operating
income. for first seven months, on
Dow-Jones formula. indicates annual
rate of 25.6 percent on common stock,
compared with 27.8 per cent on same
basis for first six months and actual
earnings of 16.9 per cent in 1922.
Evening star., 1923-08-31
S2,OOO,O 900 INCREASE
IN LOANS IN TEXAS

Special Dispatch to The Star.
DALLAS. August 31.-Loans in this
federal reserve district increased
from S46.0O0.000 to S4S.000.000 in the
last week. Reserves increased $780,
900, indicating a betterment of de-
posits in member banks. This Is be-
lieved' to be the result of cotton
marketing. Building in the smaller
Texas towns continues active. with
homes. small industrial plants and
casing head gasoline plants account.
ing for most of the construction.
Evening star., 1923-08-31
EXPORTS AND IMPORTS
Il SLUMP DURING JULY
Germany, Japan, China and Canada
/, Have Increased Exports
II to u. S.

BGermany, Japan. China and Canada
Increased their exports to the United
States during July. it was shown in
figures made public today by the
Commerce Department, but the gen.
eTal totals for the month. both in
imports and exports, revealed lower
figures, as compared with June.
1Exports from the United States to
Germany increased $6.000.000, and In
ments to-Japan. Chile and Colombia.
Evening star., 1923-08-31
Cpturn in Mexican Bonds.
CHILDS COMPANY MAY
SPLIT UP COMMON STOCK
Proposed to Make Shares S25 Each.
Other Notes in Wall
Street
Rv the AssOciafeh Press

NEW YORK. August 3l.-Wall
street heard reports today that the
Childs Company is discussing a plan
to split up its 100000 common
stock OF 800 par value into shares
of s25 of no par value. IL the plan
is adopted. II is said. dividends prob
ably would be continued at a rate
equaling the present IS per year on
the 500 par value stock.
The General Petroleum Corporation
reports net income for the twelve
months ended June 80, 1923. sof S6,-
491.397
United Drug earned a net profit of
s2,o12,7S0 for the six months ended
June 80. After preferred dividends s
were paid there was surplus of
sl.2S5.6S7. or S3.62 a share on the
S35. .f59.50O common stock outstanding.
Evening star., 1923-08-31
EGG PRICES HOLD FIRM.

NEW YORK. August 31.-Eggs-
Firm; receipts, 14,029 cases; fresh
gathered, extra firsts. 32a35; do,
firsts. 2s1h AL; do, seconds and poor
er, 25a2S; nearby hennery whites.
locally. selected. extras, 53a55; state,
nearby and nearby western hennery
whites, firsts to extras, 39a52; nearby
hennery browns. extras, 40a47.
Evening star., 1923-08-31
CHICAGO LIVE STOCK MARKET.

CHICAGO. August 81 Omitted States
Department of Agriculture) Hogs
Receipts. $4,000 head; fairly active.
with all interests buying: uneven
mostly 15 to 25 higher; bulk. good and
choice $50 to 240 averages, 9.35a9.60;
top, $50; desirable $50 TO 325 pound
butchers mostly. S.75a9.25; packing
sows largely, 7.40a7.65; good, strong
weight pigs, S.75a9.25.
Cattle-Receipts, 5000 head; beef
steers and yearlings, steady; best
steers, 11.35; mixed yearlings, steers
and heifers. 1925; numerous loads
steers. S.25a11.O0: she stock, dull.
steady; bulk, largely heavy grass
cows, 4.00a5.25; Gamers. 2.75a300; 4;
bulls. steady to weak; light bolognas.
4.00a4.25; vealers, steady; bulk to
packers. 10.50a10.75: stockers and
feeders, dull around steady; bulk.
5.50a7.00
Sheep-Receipts $4,000 head: prac-
tically all classes and grades of kill
ing stocks steady: feeding lambs
strong; good and choice western lambs
to killers and shippers. 13.25a13.50;
native mostly. 12.50a13.00; culls large
ly, 9.00a9.50; bulk fat ewes. 5.75a7.0O:
feeding lambs generally, 13.56a1S.60.
Evening star., 1923-08-31
CLOSING IS IRREGULAR.
Pools Push Many Stocks Higher in
" Today's Trading.
the Associated Press.


NEW YORK, August 31.-Quiet
strength characterized today's stock
market A reactionary tendency was
in evidence at the opening, but re-
sumption of pool operations brought
about a rally which was accelerated
by the formal announcement of re-
sumption of diplomatic relations be-
tween Mexico and the United States.
Sales approximated 100000 shares.
The closing was irregular. Buying
Of the Northwestern railroad issues
and Tobacco shares in the late deal
ings was counteracted by the usual
week end profit taking in other quar-
tiers.
Evening star., 1923-08-31
PARIS MARKET QUIET.

PARIS. August 31.-Tradins was
quiet on the bourse today. Three per
cent rentes. 81 francs Al centin1es.
centimes Five per cent loan TX
francs 10 centimes. The dollar was
quoted at II francs 76k centimes.
Evening star., 1923-08-31
RUSHING OUT COAL.
Shipments From Pottsvi1le, Pa,
Are Double Normal.
Dispatch TO The Star

Special Dispatch to The Star.
POTTSVILLE, Pa, August 31.-Ship-
ments of coal from mines in this vicin-
ity were very heavy today. Rail ship
ments are about double normal and
lines of trucks are rolling steadily be-
tween here and Reading - :.
ST. LOUIS, August 3i.--Capacity
production of coke is the rule at the
st. Louis ovens. and large accumula-
tions are being gathered at. storage
yards. Production of bituminous coal
also is increasing in this territory, with
some few operators behind with orders.
Evening star., 1923-08-31
TODAY.s CHICAGO PRICES.

CHICAGO, August 31.-Warlike
European news. an advance in quota
tions at Liverpool and strength in
the local hog market gave the grain
market here an upward tendency dur
ing the early dealings. Trade, how
ever, was of a light character. COM
mission houses being moderate buy
ers at the start. with little support
being afforded the market. Opening
prices, which ranged from Is to IA
5s higher. with December 1,052s 70
1.05S and May 1.1iA to 1.1lss were
followed by slight further gains and
then something of a setback.
Corn was Influenced by the firm
ness in wheat and the upturn in hog
values. After opening II toss up,
with December '67s. to 6s. the corn
market advanced trifie more and
then suffered a slight reaction.
Trade in oats was featureless. After
starting unchanged to Is higher. with
December 29as to 391a, the market
hardened little and later began to
sag.
Provisions were higher, a strong
feature at the start being a report
that loose lard was selling at Septem-
bar prices, due To good cash demand
Evening star., 1923-08-31
TREASURY CERTIFICATES.
Quotations furnished by Redmond & co.,
EX-DIvIDEND TABLE.

September =
Cuban American Sugar pf., q.......... .$1.75
Producers and Refining, q............. so
September g
Atlantic Terra Gotta pf., q............ Loo
E. l. du Pont de Mem, q............. 1.50
Gen. Elect Spec tsIOl, ann. .......... ce
Gen. Elect. Spec. ts10). q............ 10
Gen. Elect. Spec, q.................. ri
Mackay COMPANIES, q............... 1.7I
Mackay Compa nies pf., q....,.......-1.OO 90.
Mergenthaler Linotype, q............ 2.5O
Truseon Steel, a.. OBSERVATION-DISCLOSURES. 80
United States Realty, q............... 200;
Utah Apex Mining Co., q.............. .2ls
September g.
North American Co., ,q.......... 81
North American Co. pf.. Q............ rs
Evening star., 1923-08-31
By the Associated Press.

NEW YORK, August 31.-Foreign
exchanges irregular. Quotations Gn
United States dollars).
Great Britain-Demand, 454k
cables, 4,5415; 60-day bills on banks,
4.51S4. France-Demand, .05591s
cables, .0560. Italy-Demand. .O434;
cables, .04341s. Belgium-Demand,
0467: cables, .O467k. Germany-De-
mand, .0OO00010; cables, 00O00O11. Hol-
land-Demand, 1890: cables, 1898
Norway-Demand. 1925. Sweden-De-
mand, .265S. Denmark-Demand, 1850
witzerland-Demand. 1902 Spain
Demand. 1916. Greece-Demand
.O177. Poland-Demand. .90O904 "A
Czechoslovakia-De 1924. ~Jugo-
slavia-Demand, .0105. Austria-De-
mand, 000014A. Rumania-Demand.
o046. Argentina-Demand .3237. Bra
zil, demand, .0950. Montreal. 81 21-32.
Evening star., 1923-08-31

KANSAS CITY, Mo-, August 31.-
The cambridge Hotel Company plans
the erection of a fourteen-story hotel
here to cost about $1,100,000. The
structure will be of steel, concrete,
brick and terra Gotta.
Evening star., 1923-08-31

TOTAL SALES (Par vaIus>:
II am. 2 0sS 900 12noon 7S9 900
1p.m.. 362s 900 2p.m.. 437l 900
Evening star., 1923-08-31

COLUMBIA, S. c., August 31.-Out
Of the old Alice mill of wasley, S. c.,
has risen a new $1.00o.000 corpora
tion, the Alice Manufacturing Com
pany. The company will manufacture
cotton, silk and woelen goods.
Evening star., 1923-08-31
BUSINESS AT GLANCE.

HENDERSON,, KY, August 81
Kentucky-grown fruit will be packed
for shipment to the north and west
by the Henderson Fruit Packers,
which company has been chartered
with $250.000 capital by S. l.. Mar
shall, j. c. Moseley and associates.
Evening star., 1923-08-31
FOREIGN EXCHANGE,

..- August 81. 1923-11 am.
Quotations furnished by W. b. Hibbs & Col
Evening star., 1923-08-31
DAIRY PRODUCTS.

BALTIMORE. Md. August 81 tSpe
ciaD.-Live poultry-Spring chickens,
24a32: leghorns, 2oa25; old hens. Goa
%; leghorns. 90: old roosters. l5al6;
ducks. 1Sa23; pigeons. pair, 2oa25;
guinea fowl. 40a60.
Eggs-Loss off native and nearby
tirsts. dozen, 30a31; southern, 2S.
Butter-Creamery. good to fancy.
42a45; prints, 46a4S; nearby creamery,
isaac: ladies, 34a35: rolls. 31a33: store
packed, 81; dairy prints, 3la33;
DrDceSS butter IS
Evening star., 1923-08-31

High. Low. Last
Saii money!. 511 5h 5h
HOURLY SALES OF STOCKS
IL am. ...157 600 12m....., 244.5OO
Pm. 333 800 2p.m..... 425 100
, 1923-05-22
BANDITS BOAST
MANY ROBBER|ES
Continued From Page u

Continued From Page u
with extra guards and sawed off
shotguns.
I'VE started for the place last
Tuesday night and surrounded 1t.
But just as we made ready for the
charge ut the door a dozen men. hid.
den outside, opened fire on us from
bushes and trees. Tho night spit
fire and lead for half an hour and
men were falling and grooming all
around us.
''rhen 1 fell and Roby fell almost
on top of me. Hall ran back and
got one OF our automobiles. load
ing us into 1t and dashing off like
mad. the buckshot still whistling
around us"
Walker then told of being unable
to find a physician at Louisville and
kidnapping a doctor whom they met
on the road to Chicago. The latter
was thrown from the automobile.
Walker said, as soon as he patched
up their wounds.
All three admitted there were
"higherups' in the ring-men who
planned the robberies and disposed
of the whiskey in Chicago but re
fused to divulge their identity.
Amelis Rives, the novelist. once
sent her signature to IL different edi-
tors on a wager that all could read 1t.
The nearest that any one made 1t
, 1923-05-22
Wants the Whole
World to Know
How DR.. Carey's Marshroot Pre-
Bcription Banisbcd His Kid
ney and Bladder Troubles

Or. Daniel C. Carey, Elmira, N.
Y. II want you. to know so that
you will be able to tell the whole
world just what you wonderful
prescription has done for me. I was
confined to my bed for 26 weeks.
At the end OF that time my family
called in DIR. Carey TO see what he
could do, He at once prescribed his
Marshroot Prescription No. TIT with
the result that / am now. after a few
weeks treatment, np and around.
able to dress myself and attend 20
my personal wants. 1 have been
out riding several times doing my
own driving. My kidneys and blad-
der arc acting perfectly: my blood is
fast assuming it's natural color; my
appetite is strong and natural and
instead Of being in my as
everybody prophesied. I am alive and
on the highway toward renewed
health. thanks to DR.. Carey and his
wonderful medicine. Most gratefully
yours. ]. V, Van Alta. Elmira- N. Y"
NoTE-Dr. Daniel G. Carey is the
well known kidney and bladder
Specialist Of Elmira, N. Y. His great
prescription. Msrshroot TIT. he de
clares has helped thousands of SINH.
lar cases. It is not a patent medi-
cine and is only sold through drug
torres to accommodate his patients.
You can always get this effective
prescription at The Smith q Turner
Drug Co. Mail orders accepted
Advertisement.
, 1923-05-22

humor: You see. we come from a
long lineage of cannibals."
, 1923-05-22
SO ARRESTS BY
PAT.ROLMANO ON
HIGHWAYS HERE
]. C. Glover Is Active In
Enforcement Of State
Highway Laws

Efforts on the part OF ]. C. Glover,
state highway traffic officer for Dis
tr1ct No. 3. which extends from the
state line on the EAST to Lander and
Dubois on tho west have resulted in
the crrest OF more than so motor driv>
crs who used touring car licenses on
truck machines. who used only one
license plate or whose plates were
muddy. according to a report made
this morning. Twenty@seven arrests
were made Saturday alone. for VIC
lations such as improper licenses,
bright lights, or reckless driving.
The smallest fines which have been
assessed so far have been $685.
which is $40 and costs. The fine
which has been set for a muddy H.
cense plate is IS and costs. amounting
to n total of S11.95. Reckless driving
will carry with 1t a fine of s25 drlv.
ing n car while in an intoxicated con
dition $50, and using two cars with
only one license between them $50.
Mr.. Glover's territory covers all
state roads in four counties. Drlv-
crs are warned to adhere to the state
law In the matter OF their driving.
, 1923-05-22

molars or pre-molars. n two pairs
front or canine teeth.
Many of the men who a to en-
list in Algeria and Morocco were
found to have defective teeth and
Minister Maginot's ruling was espo-
cially intended for North Africa.
The Senegalese battalions show
splendid rows of shining ivories.
They are h peer of any fighting
units in tho world. but I'll back them
against the best eaters any army has
ever produced" a colored colonial Of
ficer said the other day. referring to
the fine presence OF his troops in gen.
eral and their wonderful molars and
CANNES in particular.
Then he added with n touch of dry
, 1923-05-22
Hurricanes Lair
Is Tracked Dou,n
By NJ teoroIogist

WASHINGTON, May f1.-The
lair of tho wild West Indian hurri-
cane at last has been tracked down.
c. l.. Mitchell. meteorological OF the
United States Weather Bureau
after a years work. has announced
that tho Atlantic ocean just south
of the Cape Verde Islands is the
breeding place of cyclones in Au-
gust and September. while the west
section of the Caribbean Sea has
hat honor during the rest of tho
storm season
In a study of 2s5 storms OF HURT.
cane intensity during the last SO
years It was found hat all occurred
between May and December.
Reports OF tho origin OF hurrl-
, 1923-05-22

VI hareuo' ieAas' on tno mexican size
OF the river.
An investigation IS under way at
Monterey, the dispatches assert. to de-
termine the truth of charges that
members of a family in that city have
been numbering and robbing foreign
ers whom they have inveigled into
attempting c%landestine entrance into
the United States.
Except for the remains of six Ital-
lans recently ound the correspond
ents say. the bodies have long been
submerged in the river mud and iden-
tification is impossible.
, 1923-05-22

the regular wind drifts. The TACT
hat the doldrums do not reach into
the Atlantic south of the equator
is given as the reason why hurri-
n are never reported from that
nraa-
, 1923-05-22
Good MoIars Are
Needed in Colonial
Service, Is Report

PARIS. May 22-Minister Of War
Maginot has ordered that any candi-
date for the colonial army must
have a sufficient number of good
teeth" The decree says that by suf-
ficient and good teeth is meant six
pairs of teeth directly opposite one
another on the uppe and lower
gums, of which two pairs must be
, 1923-05-22

SAN ANTONIO. Texas. May "a
Reports from Mexico City that 80
bodies had been found in the Rio
Grande near Laredo. Texas. were
branded as false by authorities at
laredo and Nuevo Laredo. across the
river in Mexico.
Six bodies were found about ten
days ago at different intervals be-
lieved to be foreigners who were
promised that they would be SNUG
gled across.
Many rumors of additional bodies
have been heard around Laredo but
they were declared false and authori'
ties have found no other than six
bodies.
, 1923-05-22
THIRTY TWO BODIES FOUND In
RIO GRAMDE, SAYS REPORT AT
MEXICO CITY NOT CONFIRMED

MEXICO CITY, May 22.-(By The Associated Press(-
Newspaper dispatches from Nuevo Laredo say that 80 bodies
believed to be the remains of Italians and other persons of
foreign birth who have been robbed and murdered while at
tempting to enter the United States Illegally, have been re-
covered from the waters of the Rio Grande in the vicinity
, 1923-05-22
adam AND EVA PROVES
DELIGHTFUL PH0T0PLAY

Marion Davies new Cosmopolitan
production for Paramount, Adam
and Eva" caught on In big shape at
the Rialto theater. tt is a most en-
Joyable comedy. Don't miss it. 1t i,
being shown for h last time TODAY.
, 1923-05-22

Six Italians. hiring a band OF Mexi-
cans to smugg.e them across the Rio
Grande at a point near Nuevo Laredo,
were murdered by their guides on the
night of May s. according to the
story told by the seventh and surviv-
ing member of the party who made
his way to Columbia. Nuevo Leon.
Mexico.