davidaulloa/AmericanStories huggingface dataset:
Evening star., 1923-09-02
DENMARK REPAIRS
WAR DEVASTATION
Grimly Pockets Losses and
FutS Finances on Solid
Foundation.
BY HIRAM *. MODERWELL.

Ey Cable TO The Star and Chicago Daily News.
Copyright, 1923.
COPENHAGEN, September 1.-Den-
mark has restored her devastated
territories by her own efforts and is
ready to do business whenever the
political situation will permit her.
This is the substance Of the Danish
trade banking reports for the last
six months. which show that the
quantity of the principal Danish ex-
ports, butter, eggs and bacon, We're
above the pre-war level for the first
time; that live stock exports were
restored to pre-war quantities: and
that the banks are rid of piles of
''assets" based on expected specula-
tive profits which have never hap
pened.
Had Heavy LOSSES.
Denmark, although neutral in the
war, was terribly devastated Its cat
tie supply at the time of the armiStice
was less than half normal and
its hog supply less than Il quarter
normal partly because many had
been killed and sold for high paper
mark profits and partly because the
blockade made importation of the
necessary fodder Impossible.
Later, the speculative enterprises
based on expectation of an early re-
Viyal in Russia and the restoration of
the German purchasing power, led
Denmark to the verge of a financial
Evening star., 1923-09-02
President May address Bankers
At Convention, IN atlantic City
Noted Speakers Secured-Many to attend
From District--Federal Reserve Ratio
LOWer--Prices of Local Securities.

president Coolidge may address the
annual convention Of the American
Bankers Association in Atlantic City.
September "A to %. The program for
what is considered the most impor-
tant financial and business convention
or the year is now being arranged
and an invitation will be extended the
Chief Executive to address the gath
eriug
business leaders and financiers Of
lhternatonal reputation will partici-
pate In the various proceedings of the
convention, which IS considered of
greater moment than ever before,
owing to the chaotic conditions now
existing IN the European countries.
Reparations and interallied debts. as
was the case at last years gather
Ing of the bankers In New York, will
be dwelt upon in several speeches; as
VIII be the continuation of the
French-Belgian occupation of the
Ruhr and the controversy between
England and France.
The future of general industry in
this country and the low sale price of
products also Will be themes of speak
crs, and there will be i revival of the
problem of branch banking, topic of
considerable interest t. every WASH
ingtonian
Speakers before the general scs-
s;ons of the convention will BE- J. II.
puelicher. president OF til" assocls :
ton; Charles L. Mitchell, president
of the National city Bank; NJ. 4.
Trayior, president Of the First Trust
and Savings Bank, Chicago; William
A. Scott. director Of the School of
Commerce, University Of WisconsiE.
and d. IL. Otis. director Of the agri-
cultural commission Of the American
Bankers Association.
George T.. Roberts, vice president Of
the National City Bank. will address
the clearing house section on THE
Economic Position Of the United
States" and Seymour L. Cromwell,
president of the New York Stock Ex-
change, will address the same sect' IN
on How the American Banker Can
More Effectively Cooperate With the
New York stock Exchange"
Washington will he well repre-
sented at the convention, according
TO present indications. Howard
Moran, secretary of the District as
sociation, is circularizing the local
view of the many important topics
to be discussed at the. sessions and
their bearing on local as well as
national financial problems.
Among those who already have
signifled their intention to go are
Maurice Otterback. president OF the
Anacostia Bank: Joshua Evans. Jr,
vice president OF Riggs and member
of the executive council of the A. b.
A; George W. White, president Of the
National Metropolitan; Col. Robert n.
Harper. president Of the District
National, and Harry V. Haynes, presi-
dent of the Farmers and Mechanics
National Bank of Georgetown. The
last three named Will represent the
Evening star., 1923-09-02
QUALIFY FOR SERVICE.
Asplrants for Consular Appoint.
ments Pass June Examination.

1t Is announced at the State Depart-
ment that the following named candi-
uates passed the June examination for
appointment in the United States con-
sular service
\ Ralph A. Boernstein. District of CO
1unbla: F'rederill van den Arend. Fair
view, y. c.: J. Rives Childs, Lynchburg
Va; Mason Turner, Torrington. Conn !:
John II. Bruins. voorheesville. \. Y;
George TAFT. Amherst county. Va: Alan
Smale, San Diego. Calf; Robert /,
Mosier, Winchester. Ind: Haskell Z.
Coates. Madison, Wis: Egbert h. Rand
Shreveport. La: Walter H McKfnnev'
Sault Ste. Marie. Mich: Ronald b.
stevenson, Philadelphia. Pa; William
bott. Bardstown. Ky; Samuel E. Green.
Sd. Baltimore. Md; John f. Huddleston
Lakewood, Ohio. and Leo ]. Callahan.
Dorchester, Mass
Evening star., 1923-09-02
INDIANOLA TO TAKE
OVER HUMPHREYS OIL
Final Details of Deal Are Given
Out, Which Involves Pay
ment of $22, 100000.
BONDS.
BY the Associated Press.

by the Associated Press.
DENVER. Col. September Com
pletion Of the sale of the stock of the
Humphreys Oil Company to the In
dianola OIL Company, a. subsidiary Of
the Pure Oil Company. was announced
by A. E. Humphreys. jr.. treasurer of
the company, today.
The transaction involves the pay
nlent of s225o0.00o for 100000 OF the
100000 shares outstanding at the rate
of $40 per share September Is, and SIS
per share every two months for ten
months. making a total Of $50 per
share. with 7 per cent interest on de-
ferred payments.
The holdings of the Humphreys Oil
Company by the Humphreys Pc
troleum Company are also to be con-
veyed to the Indianola at the rate of
$96.65 for the Humphreys Petroleum
shares, covering 76.069 shares. The
other assets Of Humphreys Petroleum
are not to be conveyed, however.
A new corporation will be formed
and its stock distributed as dividend
to Humphreys Petroleum sharehold-
ers, and the new company will hold
the other assets, including some pro-
duction and leases.
Until the last payment is made the
present management will continue to
operate the properties.
Evening star., 1923-09-02
WHEAT QUOTATIONS
IN SHARP ADVANCE
War News, Better Exports
and BuIIish Crop Estimates
Market Factors.

CHICAGO, September War news,
improved export business, bullish
crop estimates and higher quotations
at Liverpool, combined today to force
q sharp advance in wheat futures
here. At the finish wheat showed a
net gain of 1as to 2is cents, with
December 1.o6is to 1:06 y ka1.O61s and
May 1.1e1i to 112as. Corn was up
ss to * cents; oats advanced 1sa12
cents and provisions were unchanged
70 10 cents higher.
Better Export Demand.
J.. The Greco-Italian situation again
was the chief influence in boosting
values on the Liverpool market, the ad-
vance being reflected on this side of
tho Atlantic. A better export busi-
ness appeared in the making, as Chi
cago sold $4,000 bushels hard winter
wheat Tor export via Montreal and
chartered boats for about twice that
anlpunt additional. Overnight sales
We're about $4,000 bushels. with 75.-
700 bushels for export. Tufavora Bile
weather conditions abroad We're said
10 have impaired the i!uropean crop.
W nile private estimates of the spring
wheat crop i'll this country We're
placed at 212.S53.001 bushels. COM
nared with last years crop of 275,-
$4,000 bushels. The Canadian wheat
crop was placed at about 1000 900
bushels below last year. Deliveries
on september contracts Were 4.4Ts,-
ooo bushels, with milling interests
accepting most Of it.
Corn Estimate. Bullish.
crop estimates on corn were con-
strued as moderately bullish. Rains
are delaying maturity and possible
Danger from frost is increasing. Com
mission houses We're the best buyers
upturns ''-e
oats were strong in sympathy with
otner grains, the demand being good
anu selling scattered.
:. PROVISIONS We're firm, light de-
,lEerles, strength III hogs and a
tlsner liverpool market being
strengthening features.
Wheat Acreage Estimate,
BuENoS AIRES. September l.
othcial estimates today were that the
wheat sown for the 1923-2t crop is
.ooO hectars (I6,763T12 acrcs1
and l,So2.000 hectars (4.1sO.4I2 acresI
or or linseed. This is an increase Of
$500 hectars Of wheat and osS con
hectars Of linseed.
Evening star., 1923-09-02
PENNSY 1924 RAIL NEEDS
PLACED AT 1875, 900 TONS

PHILADELPHIA, September 1.-Ap-
proximately' 1885, 900 tons of rails will be
needed by the Pennsylvania railroad in
1924, according to officials who are in
charge of the roads extensions and re-
pairs Most of the requirements, 1t is
understood, will be for replacements.
only a few extensions being planned.
One of these is twenty-five miles OF
freight trackage running from Roches
ter Pa, into nearby Ohio.
Fabricated steel removed from the
train shed at Broad street station, this
city, which was damaged by fire re-
Gently, will bring approximately SIS
ton. it is estimated. Based on the price
of steel at $50 a ton thirty years ago,
this means loss of s225, 900, 900.
In connection with the new freight
line between Allegheny and a junction
with the main line near Johnstown, a
S., ,0O0, 900 locomotive roundhouse will be
constructed. 1t will have sixteen loco
motive stalls.
Evening star., 1923-09-02
WEEvIL LESS ACTIVE.

RALEIGH, y. c., September l.
Progress of the cotton crop in North
Carolina last week ranged from poor
to good. There was too much rain
in some localities. but the crop gen
orally is in good condition. though re-
slowing up of the boll-weevil activity
has been noted. and except in a few
restricted localities the damage this
year will not be OF serious conse-
uncNcC.
Evening star., 1923-09-02
AUT0CAR DOING WELL.

NEW YORK, September 1.-Net
profits for the first six months of the
Autocar Company amounted to Sass
600. or the equivalent Of 50 per share
on the common This sum was earned
preferred dividends. The company
has declared quarterly dividend Of 2
per cent on the preferred stock, paya-
BILE September 15 to stock Of record
September 3.
Evening star., 1923-09-02
BOND PRICES FIRM.
Trading Dull in Saturdays Two
Hour Session.

NEW YORK, September 1.-Rond
prices were relatively firm in dull
trading on the New York Stock Ex-
change today. The volume Of trans
actions was small
Active United States government
bonds moved irregularly within the
narrow radius Of 3-3eds of a point.
In the foreign group Serbian SIS drop
ped 2ss and Rio de Janeiro IS of
1947 moved up 11s. There was a
narrow market for railroad mort
cages and Industrial lines, both of
which were comparatively firm. Net
price changes in both groups were
fractional
Evening star., 1923-09-02
CABLE DELAYS LOAN.
Argentine Contract Could Not Be
Signed Yesterday.

BUENOS AIRES. September L.
Delay In signing the Argentine loan
contract. which 1t had been expected
due to cable Interruptions, Finance
Minister Vegas announced. He added
the signing probably would be done
by the Argentine charge d'affaires at
Washington early next week, prob
ably Tuesday.
Evening star., 1923-09-02
LAST FORD ORE MOVED.

IRON MOUNTAIN. Mich, September
1.-THE last ton of ore al Henry
Ford's Imperial mine at Arichigamme
has been loaded and shipped. Early
in the spring the stock pile contained
more than 100000 tons. For the last
few weeks forty cars a day were sent
out. from the Imperial mine. Four
train crews were kept busy at Michi-
CANINE by the South. Shore railroad.
Evening star., 1923-09-02
CLOTH PRICES HOLD UP.
Cotton Goods Steady-Yarns Are
Also Much Stronger.

NEW YORK. September 1.-Cotton
goods steadied today. Advanced
prices were maintained in print
cloths, sheetings and conyertibles.
One large line Of fine wide sheetings
was sold ahead to January. Yarns
were much firmer. Burlaps and linen
wholesale markets were closed, as
were most of the wholesale silk and
wool goods houses.
Evening star., 1923-09-02
FISHER BODY EXPANDS.

NEW YORK, September Fisher
Body of Ohio has started construction
on an addition to it's plant to cost
100000. which. when completed, will
increase capacity from 800 to 600 cars
q day.
Evening star., 1923-09-02
COPPER STILL WEAK.

NEW YORK. september 1.-.There
has been no Improvement In the de-
mand for copper and 1t is reported
that small lots are now available at
1885 cents for electrolytic with today's
quotations ranging from that figure
UP to 1915 cents asked by some of the
larger producers. Iron was steady.
Evening star., 1923-09-02
= 5000 ACRES OF FIGS.

HOUSTON, Tex. September 1.-The
Texas Orchards Company will spend
s1,200.o00 in developing 5000 acres in
fig orchards near Alvin, Tex. The first
paintings will be Of 100000 trees. A
bnilt
Evening star., 1923-09-02
PEACH CROP, 1863 CARS.

ATLANTA. Ga, September L.
Georgias peach crop for 1923 is placed
at $3.50 cars, the second largest ever
shipped from the state, having been
exceeded only by the 1921 crop of
1O,46S cars, according to report of
the United States Department of
Agriculture
Evening star., 1923-09-02
CRUDE OIL CUT AGAIN.

WICHITA FALLS. Tex, Septen-
Der IA reduction of 20 cents In the
price of mid continent crude oil was
announced here today by the Mag
nolia Petroleum Co. bringing the.
maximum price to $3.50 per barrel.
Evening star., 1923-09-02

Washington Clea ring House Associa-
tion at the meeting.
Reserve Ratio slightly Lower.
The combined federal reserve ratio
stands at 77.5 per cent, q. loss of A
Of q point compared with a week ago.
The slight decline was entirely due
to an increase In deposits. and. there
fore, does not indicate any impair
ment OF strength Of the system.
An encouraging feature of the re
port was that banks in agricultural
sections Increased their strength.
which seems remarkable in view of
the fact crop moving demands are
beginning to be felt in some sections.
Atlanta was the only regional bank
In farming sections that did not
strengthen its position and sFen
Atlanta lost nothing. Its ratio re-
mained unchanged at G7.5 per cent.
Failures Increase During Week.
Moderate increase in the number
OF failures in the United States oc-
Cured last week, total of 800 being
reported to r. G.. Dun & Co.
previous week and with SO a year
ago. Aside from the Pacific coast.
which showed one less failure, the
number last week was larger than
that of the previous week in each
or the geographical sections included
OF the past Weeks defaults. III
had liabilities OF $1,000 or more in
each case, which Is equivalent to 57.9
per cent Of the aggregate number
During the previous week there were
l5S similar failures, or SO per cent
OF the total. and i year ago such
defaults numbered 223, the ratio then
being 59.3 per cent
Unlisted Security Prices.
The following latest bid and asked
prices for unlisted securities are
printed herewith for the guidance Of
holders of these issues:
Evening star., 1923-09-02
FLOUR MARKET FIRM.

MINNEAPOLIS. September l.
Flour unchanged. Shipments, 60,50S
northern 1.17N a1.21 q; September,
1.16A; December. 1.19M; May, 1.22H.
Corn, No. yellow. S2aS3. Oats, No.
white, 35 v ha35ss. Flax, No. 1, 2.27a
Evening star., 1923-09-02

Miss Miiiicent Girling designed the
latest postage stamp issued by the
Irish free state.
Evening star., 1923-09-02
Money to Loan

Prevailing interest and commission.
Joseph I. Weller si9s sI1 Wsshi 18th ! / NV IFsst
Evening star., 1923-09-02

Washington Clearing House Associa
tion at the meeting
Newark leader. ([Newark, Ohio]) 1917-1946, 1923-09-21
WHERE'S THAT CURFEW?

In the dim and distant past an or
dinance was passed by the city dads
requiring all young children to be off
the streets and safe at home by nine
o'clock, or suffer the penalties made
and provided.
For a very brief period this wise
law was spasmodically enforced in a
half-hearted slipshod way, and then
suffered to sink into oblivion.
The "Hired Man" is one among the
many who believes that if still on the
books, and he never heard of it's re-
peal, the musty archives of the city
should be searched and the curfew
ordinance restored to its proper place,
and then rigidly enforced. This
opinion is strengthened by the recent
confession of the two eight-year-
boys who admitted they were re-
sponsible for the constantly recurring
rubbish box fires which have for
some time mystifed and worried the
police force
And then too, another thing, which
reflects no credit upon the fair name
of this "spotless (?) town." is the
great number of women who one
meets unprotected and alone on the
streets late at night, among whom
are mere chits of girls frequently no.
ticed "dating up" on dark corners.
If the parents of these children and
young girls have no regard for their
future welfare it is time the law
stepped in and took hand in the
matter.
By all means revive the curfew law.
Newark leader. ([Newark, Ohio]) 1917-1946, 1923-09-21
Wants Immigrant
Strike Breakers
(By Federated Press)

Washington-Wi Withdrawal of immi-
grafton restrictions to permit the i'm
portation of strike breakers is sug-
gested by Julius H. Barnes, president,
U. S. chamber of commerce, in a
speech delivered before the Des
Moines chamber of commerce, and
widely distributed as the chambers
views on industrial problems.
with half of the outside world
filled with idle labor, skilled in the
performance of these tasks, clamoring
at our door for a chance to share in
Americas high standard of living and
Americas larger opportunity" Barnes
said, sit is unthinkable that the pub
lie which erected this barrier should
not relax it when the production of
it's necessities and it's own healthful
existence are actually menaced."
Strong action, Barnes says, is need
ed in the case of organizations of
workers refusing to permit produc-
ton, regardless of the rights which
the workers claim. The Arrogance"
of the unions, he charges, has been
made possible because of the protec-
tion afforded the workers by the i'm
migration restriction laws.
Newark leader. ([Newark, Ohio]) 1917-1946, 1923-09-21
THAT CUSSED TIME AGAIN!

Some people are never satisfied to
let well enough alone, but are con-
stantly looking for trouble and want
to stir up muss and get things
started
Now just as the people are getting
settled and quieted after the last fuss
about Getty time"-its advocates sa-
tisfed, it's enemies reconciled-an or
dinance is introduced and read for the
first time Monday night to start all
over again and have two official times
instead of one. He would, forsooth,
have central time part of the year,
and then just as we get used to that
make another change back to eastern
style; and this he wants to do twice
each year, forever.
Would it not be better and wiser
and suit majority of the people to
let sleeping dogs lie, and not stir up
another rumpus over the time ques-
ton?
The "Hired Man" believes it would,
and he also believes most Newark
people will agree with him.
Newark leader. ([Newark, Ohio]) 1917-1946, 1923-09-21
Senator COuzenS Tells
Preacher What's What

New York-In a London interview
Senator James Couzens, of Michigan,
is quoted:
We in America are suffering from
long-haired men and short-haired
women whose fanaticisms produce the
most serious results. The great ten
dency in America today is to prohibit
everything. We are specializing on
the word 'verboten' as the Germans
used to do. The result is that the
plain citizens of America are
alarmed"
A recent Associated Press dispatch
carried letter from Senator Couzens
to Rev. Mark Sanborn, President of
Detroit Pastors Union, containing the
following paragraphs:
mot only will | continue to chal-
lenge the honesty and sincerity of
purpose of men like you, but intend
to point out how many moral lepers
there are among you, as is evidenced
by the daily stories of practices of
degeneracy engaged in by members
of your group.
Notwithstanding my repeated
statements in opposition to the saloon
and my proposition being one which
Woulu Hot Te-eSCdDllSn the saloon, you
overlook like all fanatics, the real
facts so as to try to mislead the
citizens. Such TRADES as contained
in your letter, and those made by sew
eral preachers, are establishing such
a public sentiment in favor of my pro-
posal that you, in your shallow mind,
are unable to conceive. You seem to
overlook the fact that associated with
you and your like are all the bootleg
gers, the blind piggers, who now are
becoming rich by violating not only
the Eighteenth Amendment, but the
Volstead act. These men are with you,
because that is where their wealth is
coming from. They would be op-
posed to my plan, because my plan
will help to eliminate them.
81 want to say to you that the Vol
stead law is going to be amended and
we are going to have beer. 1t may
not come as soon as | hope, but it
will come, and if I am elected to re-
turn to the United States Senate I
will be returned by the plain, clean,
decent people of Michigan, which
does not include, however, the narrow
minded fanatics who are condemning
to hades every one who disagrees
with them"
Newark leader. ([Newark, Ohio]) 1917-1946, 1923-09-21
STRIKE ENDED
MINERS TROUBLE
is SETTLED
Gov. Pinchot's Suggestion of Ten Per
Cent Increase and Eight Hour
Day Accepted by Workers

Harrisburg, Pa.-Backed by 100
per cent solidarity, President Lewis
and associate officers of the United
Mine Workers have negotiated
settlement of the anthracite coal
strike. The settlement is based on
Governor Pinchot's suggestion that
wages be increased 10 per cent and
the eight-hour day be installed where
the long work day is yet the rule.
The mine workers secured the union
shop, and the agreement includes
other high grade conditions the min
ers considered impossible few years
ago. No reference was made by Gov
ernor Princhot to the miners check
Off and the workers have postponed
this demand.
The miners first objected to the 10
per cent increase because it gives con-
tract miners larger advance than to
day workers, who constitute IS per
cent of the industry. The miners
urged that the day workers be given
a fiat increase.
Simultaneous with the adjustment
the United States bureau of labor sta
IlStlcS issued ngureS on food costs the
past year in which it is shown that
retail prices in Scranton, the heart of
the anthracite industry, advanced 7
per cent.
When Governor Pinchot first sug-
gested his compromise, he said the
industry could absorb the increase.
Since then the governor has written
to President Coolidge that the inter
state commerce commission recon-
slider freight charges on anthracite
coal The legitimate increase in the
price of coal, the governor said, would
be 6O cents ton. None of this, in
fairness, should ever reach the con-
sumner, said the governor, who de-
clared that many of the coal owners
themselves "could absorb the whole
Of the 90 cents increase and still make
abundant profits"
Newark leader. ([Newark, Ohio]) 1917-1946, 1923-09-21
Farmers Win Out on
Free Speech Issue
(By Federated Press)

Mt. Vernon, Wash.-The Western
Progressive Farmers and Workers
have staged a comeback in this town
where Elmer Smith was arrested re-
Gently and fined for repeating the de-
claration Of independence. They adj
vertised another speech by Smith, the
labor lawyer from Centralia, and
filled the town with two thousand
farmers and workers from the woods.
Smith spoke for two hours.
With the aid of the progressive
elements in the neighborhood, Smith
has established the constitutional
rights of free speech and assemblage
in one of the most reactionary towns
in the state of Washington.
Newark leader. ([Newark, Ohio]) 1917-1946, 1923-09-21
Rock Island Trains
Stop For inspection
(By Federated Press)

Washington-As result of defec-
tive equipment the Rock Island, one
of the remaining "hardboiled' rail
roads, has issued instructions to all
crews operating freight trains to stop
every 25 miles and make an inspec-
tion of bad equipment.
The order, copy of which has
come to the attention of officials of
the shopmen here, reveals that large
number of freight train accidents
have occurred on the Rock Island
system recently, due, the company ad-
mits to defective equipment. Delayed
shipments and general disorganiza-
tion must result from inspections at
every 25 miles, officials of the shop
mems unions declare