davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
BUYERS HOLD Off
IN STEEL MARKET
Weekly Review Shows Price
Changes Are Expected.
Lead Up 81 Per Ton.
BY the Associated Press.

By the Associated Press.
NEW YORK, November 17.-Con-
servatism has prevailed In tho steel
market. and buyers have held of,
evidently anticipating some readjust-
ment of values for the first quarter
Of next year, although sellers have so
far given little or no evidence Of any
intention to lower price levels. With
the leesened demand mills have de-
creased production. thereby strength
ening the statistical position. Both
railroad and Japanese buying has
been disappointing. Pig Iron was
more active. buyers taking hold more
freely at the lower levels.
Copper Continues Firm.
Copper continued firm on buying
stimulated by the recent revival of
European demand. Wrought copper.
brass and bronze were also firmer,
with a better inquiry. Latterly the
domestic buying slackened somewhat
because of the decline in sterling and
unsettled political conditions abroad.
but producers have nevertheless
booked considerable business, and
prices held well up to the 1871 cent
level at the end of the week. Produc-
showed an increase during October.
Tin. after sharp advances on trade
buying, reacted decidedly in response
to weakness in sterling exchange and
became rather heavy.
Lead Trade Very Active.
Lead advanced So a ton. with an
active trade between dealers. The
movement into consumption Is ex-
pected to continue high.
Zinc was easier, owing to bearish
statistics and weakness in London.
Apart from a fair demand from gal
vanizers and brass workers business
was rather quiet. Anthony was less
firm, owing to a waiting policy on
the part of buyers, which Offset the
continued light offerings from China.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
WOOD PRICES HIGH.
Tree Association Advises Farmers
to Make Use of Land.

One.third of the forest land in the
United States is on farms. These
farm woodlands yield only a small
proportion of the wood they should
produce, an enormous waste of posi-
biltties. according to the report of
the forestry committee of the Cham
Der OF Commerce of the United States.
The American Tree Association of
Washington, says the farm woodlot
is an important asset and that the
farmer should be greatly interested
in the chambers referendum.
As to what to plant, white pine
yields very good returns in New Eng
land, and the same may be said of
the yellow pine in various parts Of
the south.
Firewood is one of the important
crops. In. 1920 an average of 10.6
cords Of wood, or a total of 6S.244.-
600 cor1a, were burned on the farms
of the country. Piled continuously,
this would reach four times around
the world. The total production of
cord wood during the year, which in
cludes wood burned on farms and
that sold by farmers to city dwellers.
Is estimated at not less than 10000. !,
o0o CORDS. The average farm value
In 1920 was $5.07 a cord.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
MUCH CAPITAL SHIFTED.
Action by Germans Causes Part of
Exchange Break,

NEW YORK. November IA
sharp break in the foreign exchanges
which carried sterling and most of
the principal continental rates to new
low records for the year, a slump
in French bond prices and the Gre
alton of new high records for cotton
futures, were the outstanding de-
velopments in this weeks financial
market.
Shifting OF capital. much Of 1t be-
lieved to be OF German origin, from
Amsterdam and London to New York
was generally regarded as one of
the primary causes for the weakness
of sterling and Dutch guilders.
French francs sold at the lowest rates
ever recorded here.
Liquidation by frightened fnves-
tors was largely responsible for the
reaction in French governmental and
municipal bonds. Brokerage houses
with International connections re-
ported a heavy increase of late in
European buying of American stocks,
particularly the seasoned, dividend
paying issues.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
LIVE STOCK MARKETS.
RArrIMORE Nd Novem,

BALTIMORE, Nd, November II
(SpeciaD.-The general live cattle
market rules steady. although receipts
and prices generally are in buyers
favor. Demand is centered on first
class stock and most Of arrivals by
boat Of only ordinary quality. Quo
tations today at Light street wharf:
Beef cattle. first quality. pound, Z
ito s. Medium. pound, to s. Bulls as
to to a faneS poumd Shoiee
fancy, head. 5000 to $500. Common
fair, pound, 8 to 4. Oxen, as to quality,
pound, Az to 5h. Milk cows, choice to
to fair, head. 5000 to 5000. Calves
veal. choice. pound, 10 to IL. Ordinary
heavy common. pound. to 8. Sheep.
choice. pound. s to 6. Old bucks,
pound, 1 to AZ. Common, pound. 2 to
8. Lambs, spring, choice. IL to 10.
Fair to good. 10 to IL. Common. thin,
pound, to 8. Hogs. straight, pound.
and bears, pound, 3 to 4. Live pigs
as to size and quality, pound, 8 to 8.
Shoats as to size and quality. pound,
z to 9.
NEW YORK. November 17.-Cattle
Receipts, 720 head; steady; steers,
5.ooas.50; state bulls. s.ooaa.75; cows.
Calves-Receipts. $50 head: steady;
'veals, 14.00a14.50; .culls and little
calves, 6.5Oa7.0o; grassers. 4.0oa4.50.
Sheep and lambs--Receipts. 1.210
head; steady; sheep 5.oosS:Ss: cuIls'
2.ooas.oo; lambs. s.soals.so; cuils.
Hogs-Receipts, $50 head: steady:
light to medium weights. 7.10a725;
pigs. 6.75a7.00: heavy hogs, 7.00a7.lo;
roughs. s.00a6.25.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
FOREIGN EXCHANGE
KEEPS UP DECLINE
Sterling at New Low for
Year-Francs Touch Min
imum for All Time.
BY the Associated Press.


NEW YORK, November 17.-Fur-
Their dispatches indicating a possible
break between the allies over the
German situation Influenced another
sharp drop in foreign government bills
today. demand sterling falling Off to
427S. a new low figure for the year,
and French francs touching $50.
new minimum price for all time.
Liquidation in French and Belgian
governmental and municipal bonds
also continued in the trading on the
New York Stock Exchange, losses,
however. being somewhat smaller than
yesterdays recessions of one to five
points. Francs improved slightly, NOV
ing up about two points.
Italian lire also improved mod
erately while Holland guilders again
gave ground. tossing four. points to
1894 cents, a new low for the year.
Much of today's heaviness was at
/ tributed by bankers to speculative
selling of sterling. although there was
evidence of continued transfers of
capital investments from both sterling
and guilders into dollar balances.
Bankers reported that considerable
apprehension was felt by holders of
foreign investments over the acute
situation which has developed from
the wide difference Between England
accorded Germany. They stated that
liquidation of Investments in those
countries in order to place the funds
in dollar bonds or other American in
|vestments had assumed relatively large
proportions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
HOLD FIRM
IN WHEAT TRADING
Less Worry in Grain Pit Over
Foreign Situation-Corn
and Oats Off Slightly.

CHICAGO, November 17.-Although
wheat showed something Of a down
ward tendency at times today, final
quotations were up again to almost
exactly the same as twenty-four
hours before. The fact that a split
between France and England had
been at least temporarily averted.
was a steadying influence. Wheat
closed Arm at yesterdays finish to
a shade lower, December 1.o1% to
1.01 %a1.o1A. and May 1.O7A to 1.O7%
Corn finished AaM to y cent down,
oats at II cent decline to a shade
advance and provisions unchanged to
a setback of 10 cents.
With sterling exchange at a new
low record for the year and with the
days earlier advices showing the
Franco-British entente near to the
breaking point, sellers In the wheat
pit had an advantage at the opening.
and most OF the buying was restrict
ed to shorts. Some renewal of
spreading operations between Winni-
peg and Chicago, with the buying end
at Winnipeg, was also a bearish in
huence here. Subsequently, however,
the outlook for continued political CO.
operation on the part OF London and
Paris seemed a little more reassuring
and surplus offerings of wheat here
were fully absorbed.
The narrowness of the range of
wheat prices today, II to ~ cent, was
suggesting that bearish factors had
been discounted perhaps in full. Ac-
cordingly, some OF the late buying
was said to have been based on the
assumption that any change in the
market outlook was likely to develop
to- .xy H.
Their imports of Canadian wheat. duty
paid, were seemingly Offset by talk
of a higher tariff soon.
Fine weather and increasing re-
ceipts of corn tended to weaken the
corn market, and SO likewise did hog
cholera news which was current.
Scantiness of arrivals helped to
steady oats.
Packers selling acted as more or
less OF weight on provisions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
PIPE LINE CURB FEATURE
Sharp Decline During Week Due to
Dividend Reduction.

NEW YORK, November 1.-THE
market on the curb during the week
was one Of wide movements in many
issues, pronounced strength and sub
stantial gains being made In the first
three days, but in the later dealings
there was suddenly developed pres
sure that caused many stocks to lose
nearly all the early gains and made
others show DWELLINGS, as the result OF
the weeks trading. The widest move
ment was in Illinois Pipe Line, which
ranged from 1921 to 115. the decline
coming as the result of the DEDUCTION
in the dividend rate on Thursday.
Part of this loss was recovered in
yesterdays trading. The high for the
year was III.
There were wide movements also in
many of the Industrial issues. The
feature was the trading in CONSOLE
dated Gas new stock, when issued,
which ranged from So to 56h. Amer
lean Light and Traction rose from
117h to 1907 early in the week,
with a decline Of over points when
the market turned heavy. Centrifugal
pine. on an advance from 23h to
27A, made a new high record.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
COTTON SELLS OFF
AFTER BIG ADVANCE
Saturday Market Sees Heavy Sell
ing-Sales of Print Cloth
Very Light.
By the Associated Press.

By the ASSOCIATED Press.
NEW YORK, November 17-Yester-
days big advances were followed by
reactions in the cotton market today.
There was buying on the continued
strength Of Liverpool. but 1t was sup
piled by heavy realizing and after
selling at 34.03 at the opening, jan
uary contracts broke to 1910, closing
at that figure. The general market
closed irregular at net declines of 6 to
20 points ON all months except August
in which there was only one trans
action and which closed at net loss
OF Private aiV Re'e Gables said the advance in
Liverpool was due to trade buying
by American interests and the strong
er market for Egyptian. The reac-
tinary sentiment noted here. empha-
sized reports from Fall River claim
ing that increased curtailment there
was likely. and that some mills are
already running only three days per
week. Sales of print cloths in the
Fall River market for the week were
estimated at only 10000 pieces. The
recent relative firmness Of Liverpool
was attributed partly to. the decline
in sterling. which showed a further
loss today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
FINANCIAL NOTES.

MarSha1l Field Company says cur
Goods var approximately same as q
yeek ago and exceeded last year.
Collections were slower than last
british and Scotch steelmakers re-
new agreement not to invade each
others district. Scotch prices Tor
home trade fixed.
Textile mills in Fall River will cur
tail operations 60 per cent COM
mencing next week because OF con-
tfnued advance in cotton market
One thousand more textile opera
tives will return to the Amoskeag
mills. Manchester. N. H, tomorrow.
with the reopening OF several mill de-
partments.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
4f'col Banks to Pay So, 900, 900
Jon Christmas Savings accounts
Banner Year for THRIFTY icketIess WH'-
TO do,Us in NeW Bank-Prices OF
Unlisted Securities.

! entail. The partitions between the
! cages will be very low also, and MADE
| of glass, instead of the traditional
copper wire work.
bank will be meeting rooms, wnere
lectures of finance and investment
will be given to customers ana IN
terested friends. The speakers VIII
be bank officials and noted econonllstis,
The building itself will be or classic
character and complete in every way
to meet the requirements or mooern
business. 1t will occupy plos
eighty-two by eighty-five rect ana
will be seventy feet in height ana
have Ave stories in all. Ihere VIII
be stores on the ground moor ana
above them will be the banking room
and two mezzanine floors. and It's en-
tire treatment will place II IN tne
front ranks Of the most elaborate
banks of the country.
Bank Must Pay Tax on Bonds.
The Des Moines National Bank Is
the second bank that the onisea
States Supreme Court has decided
against with regard to the right OF
a state to tax liberty bonds owned
by a bank. In this SUIT the oank
claimed exemption from taxation on
liberty bonds owned and stock In
federal reserve bank In assessing
the shares. the aggregate OF the
banks capital, surplus and UNDIVIDED
profits was taken as the value or the
shares of stock; from this the amount
actually invested in real property
was deducted. A portion of the re-
naming part was attributed to each
share.
About a year ago q similar decision
was rendered against the Peoples
National Bank of Kinkfisher. Okla.
when the latter appealed against
ruling of the board of equalization OF
Kingfisher county.
The power of states to tax liberty
bonds has been questioned by few
banks. This power has been exer-
cised by New York and has not
been challenged. The law in this
state provides that corporation
must pay a tax for the privilege of
doing business within the state. In
effect it is really a corporation in
come tax, although 1t Is known as a
franchise tax"
Local Securities Prices.
The following latest bid" and
asked" prices for unlisted securities
on the Washington Stock Exchange
are quoted for the guidance of hold
ers of these securities:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
DRY GOODS STEADY.
Wool Keeps at Higher Levels
Raw Silk Gains.

NEW YORK. November 17-Cot-
ton goods were steady today with
trade of moderate proportions. Yarns
ruled steady. Wool markets were
firm on the higher levels reached
in the past week. The pegging of
raw silk in the Japan markets led to
greater frmness and some uplift in
prices here. Linens were steady
Jobbers' reports indicated a steady fill
ing In business and a moderate ad-
vance trade
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
COOK CASE NEAR END.
All Evidence in OIL Inquiry Com.
pleted Yesterday.

FORT WORTH. Tex. November II.
Both the government and the de-
Tense closed all testimony today in
federal district court in the case of
Dr- Frederick A. Cook, S. E. ]. Cox
and twelve codefendants, charged
with fraud in oil company promo
tions. Arguments may be completed
Monday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
RAW SUGAR HIGHER.
Futures Also Reflect Rise in Spot
Market.

NEW YORK, November 17.-There
was an advance Of lie cent in the
raw sugar market today and a little
better inquiry was reported for full
duty sugars. Prices are now quoted
$500 bags of Peru's at 7.09 duty
paid, and $500 bags of Peru's and
2,100 Brazil's, at 7.16 duty paid, all
for early December arrival.
Futures were steadier, rejecting
the advance in the SPOT market,
The close was at about the best and
to pointe. net higher on active
positions. Defender closed at 5.3s;
March, 4.34; May, 4.43; July, 4.53.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18

Approximately 100000 will be re-
stored to circulation locally within
the next few weeks, when Washington
banking institutions will make dis
bursement of their Christmas savings
club funds. The majority of the
banks will start making their pay
ments on December l.
Christmas savings clubs are the
most popular and. at the same time,
the most profitable form of savings.
1t is a force that assures ready money
during the holiday season, and at the
same time sows the seed of thrift, as
IT has been estimated that only three
quarters of the net total of WASH
ington clubs are spent.
Practically all the banks of the city
have taken to this systematic savings
system. The Franklin National, Riggs
and the Federal-American National
Will disburse in the neighborhood of
100000 each, this year, while some
of the larger savings institutions
boast accounts nearly as large At this
time only a few Washington banks
have authentic figures available.
Banner Year for Savings.
The present calendar year was a
banner one in the history of local
=
banks operated clubs than formerly,
and many institutions went into this
class of business on a larger scale
than heretofore.
Washington merchants. of course.
reap greatest benefits when the small
army of Christmas savings club mem
bers enjoy the fruits of their year of
savings. nearly all of which goes to
merrier for the thrift of the club
people. With each recurrent season
these savers are doing more and more
for their home town trade.
Forming as they do a good part OF the
annual disbursements. about per cent,
they are held especially worthy of en-
enlargement by local financiers. Local
merchants will also bear testimony to
the wonderful holiday business which
they are able TO trace directly to the
clubs savings.
WicketIess Windows in New Bank.
Confidence in the general public
and a wish on the part of officials to
talk to the customers freely and face
TO face are the reasons for the
wicketless teller windows which are
TO be used in the new building of the
Federal American National Bank
soon to be erected at the corner of
14th and Or streets northwest
In an announcement made yester-
day by Alfred G. Bosom, New York
architect. who. with his associate, J.
IT. De Sibour will have charge of
the construction. this is the first time
that banking room has been de-
signed on such a principle
The money is to be placed in draw
ers under the counter and behind the
glass panels on either side of the
unbarred window opening. where it
would be difficult for outsiders to
reach it.
Che fact that the city banks of to-
DAY have so many safeguards against
ia Lr i,,,y
the rass-barred window unnecessary
the officers of the WASHINGTON insti-
TUITION believe. In any event they
think the spirit of friendliness i'm
parted by their plan will far more
than offset any risk it may possibly
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
His Testimonial.
From the Los Angeles Times.

The proprietor Of the soup house
believed In advertising, and from
time to time solicited words Of COM
mendatfon from patrons. There was
a grim man who came in about twice
a week and he was asked for a
testimonial.
There are" said he, "some Of your
thinga / don't care for. But I'll give
you a testimonial and swear to it be-
fore notary, If you like. Your salt
and. pepper are. in my opinion, quite
up to standard"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
More Queer English.
From the Boston Transcript

Probably with certain popular
song in mind, H. o. writes that he
overheard the following In q restau-
rant recently. A customer had start
ed for the door when he remembered
that he hadn't paid his check. Going
back he said to the cashier, II don't
pay you yet, amt it?'
Yes. not yet" answered the cash.
Ter.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
COST OF RUNNING BANKS.
81 for Every 500 in Deposits Held
Reasonable Amount.

Tho uuestion of bank expenses and
overhead is constantly before the
n,anaeement of avery commemorative
tnstieutio al ana ~ Is ot spat 'in woI,
S4reet in thosn rarts ~ tba ,o,ntrv
where interest rates are comnara,
tiWeIy stable and moderate. and
where. Therefore IL 4. mot likely that
unexnected earnings due to sudden
be bad ubere comnetition hoe re-
ou,tad in az n.vmapt of q rata of
interast ~ dannsits ubioh &c All III
,,n toward the maxin,un, nf what tba
hprT can snara tho nav hanL IN
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18

The largest sailing vessel in the
world is 1872 feet long and spreads
$4,000 feet Of canvas.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-18
Money to Loan

Secured BY nrst deed Of krust on real eatatn
Prevailing interest and commissions.
Joseph /. Weller NV ne W' Oh 1 : 4 T%
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-04-19
To GREET
JEWISH SOCIAL
WORKERS
IS Community Secretaries Exc
pected at Conference to
Start May 9.

Secretary of Labor James J. Davis
il to be the principal speaker, May
3, at the opening session of the con-
yention of Jewish Community Center
secretaries, in the local Y. NJ. III. A.,
Eleventh street and Pennsylvania
avenue northwest.
Seventy-five secretaries of Hebrew
social organizations from all parts
of the United States will attend.
THE Synagogue and the Com
munity Center discussion on well
fare work. is to be led by Rabbi B.
Kadushin, of New York city. Judge
M. Strasburger and Mrs. Herman
Hollander will speak at luncheon
to the guests at Harvey's on May IL.
Other speakers at the opening
meeting will be Rabbi Abram Simon,
of the Washington Hebrew Congre-
CATION, and Fl. L. Glucksman, presi.
dent of the Association of Jewish
Community Center Secretaries and
director of the New York Jewish
" ClldI6 <AICAdlLuCI WIN
will welcome the delegates.
The following are on the COM
mittee of entertainment: Mrs, j.
Grober. chairman; Mrs. /. Cohen,
Mrs. Louis Kremer, Mrs. Joseph
Wilmer, Miss Kicks Cans, Mrs. l..
Heidingsfeld. Mrs. Morris Gewirz,
Mrs. H. Vogel, Mrs. B. Siman, Mrs.
Paul p. Street,, Mrs. Hyman N.
Levy, Mrs. Alexander Wolf, Mrs.
Herman Hollandep; the Misses Rose
Hornstein, Fannie Dodek, Jeanne
Portion, Nina Gluckstein, Lillian
Shulman, Sarah Roberts, Theresa
Shefferman, Pearl KRISTEN; Louis
T.. Spiegler, Joseph Wilmer, George
G. Cohen. Judge Milton Strasburger,
Moe Gutenberg, Paul Robin, and Sol
HerZog.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-04-19
Mr.. AND MRS. OLDRoYD
OBSERVE ANNIVERSARY

The golden anniversary of the
marriage of Mr.. and Mrs. Q. H.
Oldroyd was celebrated last night
at a joint meeting of the Lincoln
Post, Grand Army of the Republic
and the Women's Relief Corps.
Oldroyd is the owner of the wide
Unknown Oldroyd collection of Lin
coin relics now housed in the dwell
ing on Tenth street where Lincoln
died. He also is adjutant of Lin
coin post and Mrs. Oldroyd is
treasurer of Sheridan post, relief
corps.
Mrs. NJ. B. Parker. on behalf OF
the relief corps. presented the
couple with $40 gold piece and
Commander Perkins gave $50 in
gold for the Lincoln post.
Mrs. Myra Marks, dressed III the
costume of 1860 and accompanied
by Mrs. Grace Williams, sang old
songs. Miss Erma Gladman danced
and Miss Peanne Wilson recited.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-04-19
SPHINX CLUB IS
GIVEN D. k.
BY SCHOOLS
Students Organization Does
Not Violate Fraternity
Ban, Board Holds.

The Sphinx Club of Western
High School will go on.
The Board of Education yester-
day decided not to include this
club in its rulings on fraternities
and sororities. It held in eff
feet that this organization is not
secret society.
\ A Social Organization.
The conference were held several
days ago between the school board
and Ernest Greenwood and Edwin
Brashears TO discuss the organiza-
ton. The two men contended the
Sphinx Club was not secret or.
ganiza ton.
The board announced its approval
Of the Western High School body,
saying it appears to be organ
lied for social purposes.
Appointment of Henry w. Drap-