davidaulloa/AmericanStories huggingface dataset:
Evening star., 1923-03-31
BY STUART II. WEST.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, March 31.-Occur-
rences of the past week have empha-
sized the check upon speculative
activities in virtually all the markets.
This Is true equally of stocks, OF cot
ton, of foreign exchange and Of sugar.
Wholesale prices have continued to
advance. the last fortnight of March
witnessing new highs for the season
in wheat, steel, copper and chemicals.
But in these instances there has been
no question of speculation accelerat-
ing the upward movement. 1t has
been due to a legitimate relation be-
tween current demand and supply.
The two leading questions before
the business situation at the moment
are whether the buying rush of the
last two months ,ras not been rather
excessive, and second, what effect the
increase that has occurred or else is
impending in wage scales is to have
trade affairs indicates that In many
lines production has reached the
maximum. Yet 1t has been unable to
satisfy incoming orders and conse-
quently prices have kept on going up,
and In certain instances premiums are
being asked for early deliveries.
Stocks OF Goods Replenished.
Most of this buying has been merely
the replenishment of stocks that were
allowed to run down to an abnormal
extent in the period of depression from
the fall of 1920 to the summer of 1922
But the danger Is that so urgent a buy
ing movement as has been in progress
since the first of the year, no matter
how sound the basis. may be followed
by reaction. j., If prices are pushed ahead
to an extent sufficient to discourage
demand such a reaction would be inc
vitable.
The weekly iron trade reviews noted
straws along this line, when they
pointed out that railway equipment
makers had bought all the steel they
needed for the next six months, and
that at least one large pipe laying en-
terprise had been held up in the be-
lief that better terms could be secured
from steel makers later on.
Textile Wage Advance Spreads.
A number of New England cotton
mills, as was expected, have folIowed
the example of the woolen mills and
advanced wages 12h per cent. 1t is
fully anticipated that before long
this advance will be general in the
textile Industries. In numerous other
lines announcements Of higher wages
have lately been almost daily Incl
dent. Looking further ahead, the
problem which many corporations
Evening star., 1923-03-31
What Higher Wages May Mean
To Prices NO,u Vital Problem
Caution Checks Speculation il, Stocks,
Cotton, Sugar and Foreign Exchange.
Outlook IL, Financial World.

may have to face is whether to bal
ance wage advances they can afford
to take the chance Of losing business
by further price raising. If there is
no compensating advance in prices
then there will have to be a decided
revision Of calculations that have
been made regarding net profits.
Soldering Factors i'm Evidence.
Those considerations have undoubt-
edly entered as a SOLDERING influence
upon the markets Of the week. So
has the rising tendency In money
rates. On the other hand, the infer
ence commonly drawn regarding the
federal reserve conference at Wash
ington Is that the governors OF these
Institutions did not think that there
had been any such expansion In trade
and In credits as to warrant q further
advance in discount rates at this
time.
Whether or not their decision would
have been different had speculation
in the various markets been keeping
on at the high pitch Of three weeks
ago is an interesting subject for con-
readjustment and showdown on the
stock exchange and in the other spec
ulative markets has been q most salu-
tary development
Wall Street in Saner Mood.
Wall street has discovered, as it
usually does In all its campaigns.
that most of the gossip furnishing
the incentive for extravagant bidding
up Of prices, has not been subStan-
tiated. 1t is now In a much saner
mood, and IL in a position to debate
more calmlyathe facts in the business
situation and their relation to pres
ent security values.
Market conditions are in much bet
ter shape than they were and there
Is nothing in the immediate trade
outlook to warrant anticipations of
an important change. But, on the
other hand. the damper cast upon
speculative enthusiasm has been suffl-
cient to make 1t difficult for Wall
street pools to revive the interest
there was a month ago.
No Strain ON Credit Structure.
The most reassuring feature of the
whole situation Is that rapid as has
been the business expansion Of the
last six months it has involved no
strain upon the credit structure.
Loans by banks belonging to the fed
eral reserve are up nearly s1,000,000.-
coo from what they were last sum-
mer. but this Is an increase Of less
than 10 per cent. Rediscounts at the
federal reserve banks themselves
have more than doubled in the same
period, but they are considerably less
than a quarter of what they were in
December, 1920. These are clear
proofs that nothing in the nature Of
imitation as 1t existed three years ago
has yet occurred.
(CoDyYtpht l4C31
Evening star., 1923-03-31
PAPERS INCREASE PRICE,
Four Dailies in Springfield Ad-
vance to 2 Cents a Copy.

SPRINGFIELD. Mass, March S1.-
The Springfield Union. the Evening
Union. the Springfield Republican and
the Springfield Daily News announced
today an increase in price from / to Q
cents a copy effective Monday. The
Union, and the Republican reduced
their price from cents to cent a
year ago. The Springfield Daily News
has always sold for 1 cent, except its
mid-week issue. which sold for 2 cents
The announcement that will be carried
in tomorrow's edition Of the Springfield
Union says in part:
For the benefit of other newspapers
that may have been interested In the
excursions of the Springfield press into
the field of ! cent journalism 1t seems
permissible to say that the venture
offers 10 attractions. From the view
point of the newspaper it Is economically
wrong; from the viewpoint of the read
er, it goes against his sense Of the fit
ness of things. He does not want to
pay more for anything than it is worth,
but lie does not want to pay less than
fair price, and l cent is not fair
price for newspaper that strives to
meet the needs of an intelligent public"
Evening star., 1923-03-31
BIG GRAIN SUPPLIES
SEND WHEAT DOWN
May Delivery Drops During Week
to Lowest Levels for
Long Time.
By the Associated Press.

By the Associated Press.
CHICAGO. March 3l-Enlarged re-
ceipts at primary terminals, together
with an increase of the United States
visible supply total. tended to make
wheat average lower in price this
week. Compared with a week ago.
wheat values this morning ranged
from 1B decline to a advance. corn
a shade off to es up. oats unchanged
to 4 higher, and provisions down 81
to so.
May delivery of wheat showed es-
pecial instability and reached the
lowest price level in several weeks.
Bearish sentiment as to May deliv-
cry was emphasized by announce
ment that there is available public
elevator space here for 100000
bushels mere grain than at present in
Board of Trade have under consider
alton the creating of whatever addi-
tional room may be found necessary.
Canadian competition weighed heav
dian wheat in United States ports be-
ing offered at the lowest premiums of
the season.
Relative firmness of prices for July
and September deliveries of wheat.
the new crop months, resulted more
or less from indicationeS of delay to
spring wheat seeding as a result of
unseaSonably cold weather northwest.
There were also reports Of an extern
sion of the dry area in the winter
wheat territory and of crop damage
by green bugs in Texas. On the other
hand. Easter holidays curtailing bus
mess were something Of a factor on
the bear side of the market.
The decrease of the visible supply
of both corn and oats had q sustain
ing influence on prices for the feed
grains, and so, too, did cold weather
which interfered with field work and
induced better shipping demand here.
Packers selling weakened the pro-
vision market. Stocks of provisions
were said to be accommodating.
Evening star., 1923-03-31
FOREIGN.
Sam, Greenwich time, today
STRIKE SCARE SECUTED.
Canadian Miners and Steel Work
ers Ask Premier for Probe.

SYDNEY, N. S.. March 31.-Organ-
lied miners and steel workers of Cape
Breton united last night In sending
a telegram to Premier w. l. Mac
Kenzie King demanding an investi-
cation into the present red strike
scare" with particular reference to
a speech reported to have been de-
Iivered by President Roy Wolvin of
the British Empire Steel Corporation
at a secret meeting of the board of
In making public the contents of
the message. the mems leaders de-
clare that no strike of either steel
workers or miners has been set for
April /, that this inference was
drawn from the phrasing of strong
letter forwarded to the steel COM
pany by the union. and that the
whole excitement had been formented
Ihy Z Gooa ,oS :.neNspape1 .ta1k:, =,
Evening star., 1923-03-31
STOCKS AND BONDS
LOSE DURING WEEK
Financial Review Shows De-
cIines, Partly Due to Over
bought Conditions.

NEW YORK, March 31.-Although
business conditions In virtually all
lines of trade and industry contin-
ued to show marked Improvement,
stock and bond prices lost ground
during the week in response to heavy
speculative selling, founded on ru-
mors, which later proved to be err
roneous, that another increase In the
federal reserve rediscount rate was
impending.
While these rumors furnished an
excuse for repeated assaults on the
general list. the course of prices In
dicated that the market had de-
veloped an overbought condition.
with the professional sponsors for
the rise unable to attract sufficient
ly large outside following to main
tain the upward trend. Although
predictions as to the duration OF the
present bull market. which has run,
with few Interruptions, for nearly
two years. vary from 4 few weeks to
nine months. there is a consensus OF
opinion that the public is much more
discriminating in it's choice of stocks
and that speculative excesseS In the
last phases of the market will not
become as violent as they were In
1919.
Rail Reports Disappointing.
February railroad statements, on
the whole, were rather disappointing.
but this was explained, in part. by
the fact that a year ago the ship
ments in February were larger than
usual in anticipation of the miners
strike and that this year the un-
usually severe storms greatly in
creased operating expenses and re-
tarted the normal flow of traffic The
southern railroads made the best
showing, with few western systems,
such as Chicago and Northwestern
and St Paul, reporting a marked in
crease in income last month over the
same period d year ago. The Penn
sylvania railroad report, showing net
ruary, as against S6.765,363 in the
most disappointing Of the larger sys-
TENS.
New High Records Made.
Despite the general reactionary
trend, several new high records were
made during the week, among the
most important being California Pc.
troleum at 1O41s, Maryland Oil at
st ss, Union Bag and Paper at 77h
and Owens Bottle at 51A. The Vir-
ginia-Carolina Chemical issues drop
on heavy selling. based on reports of
poor current earnings. but they made
partial recovery later on official an
nouncement that the cash position of
the company was good. The United
States Steel got above los on uncon-
firmed reports of the formation of a
new pool by large financial Interests.
Evening star., 1923-03-31
Wage Advances Now Causing Won
der About Future Prices.

NEW YORK. March so.-Dun's
Review today says:
The sudden recurrence OF cold
weather at different points this week
temporarily checked spring retail
trade, and this is normally quiet
period In some wholesale branches.
Notable activity. however, continues
at many manufacturing plants with
practically full operations in various
instances and March closing with
high record outputs. It Is significant
of the pronounced Industrial revival
that the leading steel interest is now
running at better than 80 per cent
rate, against about SIS per cent a year
ago, and that the number of pig iron
furnaces at work is increasing
steadily.
Pressure OF demand in this quar-
ter has recently sIackened, but only
after a buying movement on which
requirements were covered for sew
eral months ahead. and not a few
contracts are now being deferred
because of sellers disinclination to
commit themselves beyond the end
of the half year. Doubts regarding
future producing costs, due to the
wage phase, tend to limit third
quarter business or prevent it alto
gether, and actual wage advances in
the textile field have caused some
questioning as to their probable ulti-
mate influence on prices and con-
sumption.
Weekly bank clearings, $780,
95S,000.
Evening star., 1923-03-31
RAILWAY COMMON
WEAK T6434T065
Bonds Steady-The UnIist-
ed List-White Motor Co.
Earnings Good.
BY i. A. FLEMING.

For the first time in some days
there was considerable trading in
Washington Railway and Electric
common stock on the local exchange.
1u all ninety-five shares changed
hands. the first sale at 651s and the
rest of the transactions all at 65.
More stock was offered at this price,
and the bid was lowered to 64&.
Preferred shares sold to the ex-
tent of forty-six shares at 1915 to
1%14
one lone share of Capital Traction
sold at 99H4.
Bond trading was rather slow, with
kigGS Realty SIS, long term, selling
at 49,. Potomac General Mortgage
g. brought 100 and Railway 4 per
Cru;s 94as.
White Motor Company.
The White Motor Company show S
c-osS sales of 1922 of S37.26S. .226.32.
N,s.irh is a substantial gain over the
business of 1921.
Net profits for the year were 49,
7sn.Gl7.73. Dividends were continued
during the year at s per cent, which
base been maintained uninterrupted
J. since the company was incor-
bora I'D. and S1,199.409 carried to sur
llu> account.
Ha&k loans We're reduced S1.600,000
and cash on ha ud increased from ST.
"4E.44I to $2.52S,9 966. The company
carries its customers paper without
diSruUntiug. White output valuation
WAS exceeded only by that of the
I'urd Motor Company.
Unlisted List.
"ht Washington Stock Exchange
r. ports quotations for the following
unlisted stocks and bonds as follows:
UNLISTED DEPARTMENT..
Evening star., 1923-03-31
WALL STREET NOTES.

NEW YORK, March 81 (SpeciaD.-
Two thousand seventy-ton coal cars
will be built for the Chesapeake and
Ohio at an approximate cost of So
000, 900. One thousand forty-ton box
cars will be ordered within the next
few weeks.
New York bank clearings. $685.
100000. New York bank balances.
$70,000,000. New York federal re-
serve credits, $4,000, 900. Boston
bank clearings. $65.000,000.
Evening star., 1923-03-31
WAGES ARE INCREASED.
Dollar-a-Day Boost in West Ches-
ter County Effective Tomorrow.

NEW YORK. March 31.-A dollar a
day increase in wages for between
5000 and 10000 building trade union
workers in West Chester county will
become effective April l, by an agree
ment announced last night. The
contract, which advances wages from
$S to 50 a day, will extend to July /,
1924 A half day Saturday and an
eight-hour day during the week also
are stipulated.
Evening star., 1923-03-31
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star Office.

failed to be affected by the movement
Of Armour issues.
Schultz Retail Etores again was the
feature on the side Of advance, open
ing two points higher, and reaching
81 II before the upward movement was
halted. after establishing a gain OF
13 1a points on the week.
Trading in oils was quieter. with
the Standard issues inclined slightly
lower. Southern States continued the
active leader of the independents. re-
f1ecting the recent optimistic utter
ances Of President Ferris.
Evening star., 1923-03-31
NEW C. & O. BOND ISSUE.

The Chesapeake and Ohio railroad
is reported to be around figure to
$a.000.000 equipment trust certificates
early next week. The Offering price
nS reported to be around a figure to
net 5.25 per cent. Maturities will be
i'll serial FORM
Evening star., 1923-03-31
WOOL MARKET ACTIVE.

BOSTON, March 81 (SpeciaD.-The
wool market here was broader today
ihan for some time The tone was
hardened any the general wage in
creases recently made and expected
after Monday. The market was firm
and the teadency upward In new
Evening star., 1923-03-31
BY WILLIAM p. HEFFERNAN.

NEW YORK. March 31.-Another
severe break in Armour & Co. of
Delaware today forced that stock to
a new low record. while the 51a per
cent bonds sold considerably below
the Thursday closing.
reports Thursday and again today
or the dissolution of the syndicate
weakness on both occasions Swift G.
90. bonds were actively dealt in, but
Evening star., 1923-03-31
Washington Stock Exchange

SALES.
Riggs Realty ,loug) 3s-s1, 900 at 9:a.
81 nun At a234. 500 al 92a4
Washington hwy. & Elec. COM at 65 u,
-. at ~, 10 at 60. 10 at e. 10 Mt g. 10 at 81.
Washington Rwy. & Elec. pfd-6 at q Vs.
10 AT 49,, II at 7314, 10 at 1914, d at 1915.
Real Estate Title Ins.-J at 20.
M"rgenthaer Linotype at ITO.
AFTER CALL.
Potomac Electric 9. m. 6s-S5,o0 at 100
s. nn at 100, 81 coo at 100.
Washington Gas $500 at 94A.
Capital Traction Col at 99a4.
Evening star., 1923-03-31
DELAY TO BE SHORT.

MEXICO CITY, March 31.-The
technical difficulties which are pre-
venting the payment of interest uopn
Mexican bonds probably will be-
solved within a week, il was stated
today at the Treasury Department.
Evening star., 1923-03-31
EXCHANGES CLOSED.

NEW YORK, March 31.-Cotton cof-
fee and sugar exchanges here are
closed today. All foreign markets
also are closed.
NEW ORLEANS. March 3I.-The
cotton, sugar and rice exchanges here
are closed today because of the East
er holiday.
Evening star., 1923-03-31
CLEARING HOUSE REPORT.

NEW YORK, March 31.-The ac-
tual condition of clearing house
banks and trust companies for the
week shows an excess in reserve of
= saa 500. This Is q decrease OF
Evening star., 1923-03-31

Rabbits quickly learn to drink cof-
fee with plenty of cream and to eat
ground coffee sweetened with sugar,
Is does thom ~ haSR oDno&D131ys : =
Evening star., 1923-03-31

BOSTON, March 31.-Following is
list of today's highest. lowest and
closing prices for the most active
stocks dealt in here:
Evening star., 1923-03-31

NEW YORK, March 31.-Followinr
IS an official list of bonds and stocks
traded in on the New York Curb
Market today:
Evening star., 1923-03-31

A South American Indian tribe is
ruled by a woman whose every ut
terance is a word of law
Evening star., 1923-03-31
BAR SILVER QUOTATIONS.
posT6N STOCK xARkET.

NEW YORK. March 31-Foreign
bar silver, 6Sas Mexican dollars, 52A
Evening star., 1923-03-31
TRADE CONDITIONS.

Copyright. 1927
Imperial Valley press., 1923-07-17
TWO FIGHT ERS
READY TO GO
AT COACHELLA
Kid Williams Puts on
Finishing Touches
For Bout

Kid Williams. Imperial Valley s
best heavyweight, yesterday put
the finishing touches on his training
for his bout with Young Hippo at
Coachella tonight, and according to
his manager, Harry Woodbury., the
local mauler is in great shape for
tonight s affair.
Williams is giving considerable
advantage to Young Hippo i'll the
way of weight, as the local boy will
weigh around lS5, while his oppon-
ent fights at 225 pounds. However,
the Kid is certain he can take Hip
pos measure and hopes to win by
the X. o. route if possible.
Williams arm, which was ser
iously injured in his scrap with Rex
Morris at Mexicali a few weeks
ago, has responded rapidly to treat
ment,- and in his last few workouts,
the Kid was able to cut loose and
sock his sparring partners hard,
with no disastrous results TO his
arm, but with considerable damage
to his partners.
Under Woodbury. guidance, VIII
liams is rapidly picking up the finer
points of the fight game and is al
together different from the awk-
ward fighter who first made his APP
pearanee in local fight a little over
a year ago. In developing his box
ing ability, Williams has lost none
of his toughness, and the boxer who
licks him at present has to be eX-
ceptionaly good, and even at that,
would know he has been in fight.
The kid has a hefty punch in either
mitt, and when it connects, his OPP
ponent knows he has met some
thing.
Joe Mandot, undoubtedly the
most popular serapper that ever ap-
peared in the valley, viii go along
with Williams to appear in one of
the preliminaries. Joe doesm t know
who his opponent is to be, and as
usual doesn t care. If they should
stick Tommy Gibbons or FirPo into
the ring with him, the chances are
he would take a chance.
The fights tonight are being
staged by the Coached Post, Amer
lean Legion, and good card has
been arranged. Several local fight
fans plan to accompany Williams to
the northern city tonight.
Imperial Valley press., 1923-07-17
EDITOR HIDES
DOOM TO HELP
HIS MAGAZINE

CONTINUED From Page One)
was author of the essays Sid
says. An increase in circulation
from 100000 to 100000 under his
editorial guidance IS a testimonial
of success.
In April a council of doctors met
to discuss the malady that was
/ undermining his health. 81 want
the truth about this matter, he
| said, just as Though he was order
ing a reporter out on an important
story. And they iold him.
He had six months to live-pro-
viding he gave up all work and
rested; relieved himself of editor
ial burdens and went out doors.
With the ealmness of nm editor
working out the details of an i'm
portant story, he closeted himself
for several days. He did not tell
living soul of the tryst he held
with death.
Shifts Work systematically
Then he called mis- associates to
h1". He told them that the doctors
had told him he would soon be
weil-but he must have a long rest.
lAav by day he outlined the coming
issues of the magazine, shifting
this piece of responsibility to one
understudy, then to another. He
continued to write his own contribu-
tions for issues months ahead. It
was some time before he had
Saddled the important duties on the
members of his staff But they all
accepted bravely that their chief =
might get the vacation that
Was to restore hrs health.
With everything in readiness for
many future issues of his magazine,
he went to his office last week
His desk contained but few articles
Others were in the hands of his
associates. He bundled these few
articles together and closed the
door of his beloved sanctumn be-
hind him-alone in the knowledge
that it would be the last time he
would ever visit the office.
Then he went to his summer home
1T Ardslev, on Hudson. The wait
for the end was not long.
Tomorrow his body will be inter
red at Oberlin, Ohio, where he was
born. But for many months the
hand Of John Siddall will domin-
ate and guide the magazine he
built.
IN his declaration that Judge
Leahy S court was following meth
DDS of persecution rather than pro
secution, Governor Hinlla practic-
afy repeated the words that
brought upon Magee his citations
fer contempt. But there is this diff
ference: Maggie "talked while
his own ease was in progress. The
governors "talks' after the case
has. Left Judge Leahy's hands. SO
Governor Hinkle cannot, under the
law, be cited for contempt
Imperial Valley press., 1923-07-17
National League
L. A. Clubs Trade
Third Rasemen

Los ANGELES, July 1.-THE
Los Angeles ami Vernon Coast
league clubs have traded third base
mon. Charley Deal, former cUB,
who has been with the Angels for
two seasonss win fill n Vernon uni
form today and "Red" Smith, ex-
Boston Brave infielder, VIII watch
the hot corner for the Angels.
Both men were with the Boston
Club in 1914, when the Philadelphia
Athletics lost four games in . row
for the worlds championship 10 the
Braves. Smith, the regular third
baseman for the Braves. broke his
leg and Deal played through the
series.