davidaulloa/AmericanStories huggingface dataset:
Evening star., 1923-11-03
INSURANCE COMPANY
OFFICIALS IN COURT
President and Treasurer Refuse to
Enter Plea on Charge Of
Embezzlement.

BY the Associated Press.
DETROIT, Mich, November g.
Eugene Sondheim, president CT the
Cadillac Automobile Insurance Com
many of Detroit, for which a petition
for a receivership has been asked by
Leonard T. Hands, state insurance
commissioner and Eugene K. Corle,
treasurer Of the company. were ar
raigned before Judge Charles s. Bart
lett in recorders court late yester-
day, following their arrest on charges
Of embezzlement.
The men stood mute in court, re-
fusing to enter plea Their bonds
were fixed at SIC. 900 each.
Insurance Commissioner Hands, at
Lansing, earlier in the day applied. to
the attorney general for a receiver
ship for the company, which is capi-
talized at 100000. Commissioner
Hands alleged gross mismanagement
and miisappropriation of funds and
asked the appointment of a receiver
to wind up the company's business
and an Injunction restraining the off,
GERS from exercising any further con-
troll Of the 'company's funds.
According to Commissioner Hands,
the companys shortage has more than
wiped out the company's paid in capi-
tai of 100000. In the shortage
$7O,052 is listed as representing miss
ing assets and $35,230 as misappro-
priated funds. Commissioner Hands
said he had in his possession a state
ment signed by Sondheim admitting
the misappropriation of $4,000 Of the
company's funds.
Evening star., 1923-11-03
COTTON ADVANCE
NOW $13A BALE
Another Sharp Rise at Open
ing Put Total lump up
to 265 Points.
By the Associated Press.

By the Associated Press.
NEW YORK, November 3.-Cotton
today advanced 65 points at the open
ing. of the market, representing q
total jump of 265 points or s13 a bale
in the sensational trading of the last
two days. January today touched
l32.1S; March. 32.33, and May, 1925
Offerings were not sufficient to
supply the rush of buying orders and
the market soon showed net advances
Fof go to 70 points. which, of course,
established new high records for the
season. December sold at $3.50 and
| March at 32.33, but at these figures
there seemed to be a little better
division of orders because of south
ern hedging and heavy realizing.
There were reactions in consequence
with the market very nervous during
the middle of the morning, but within
a few points of the best. Buying on
yesterdays crop figures was stimu-
lated by the strength of Liverpool
and continued bad weather in the
south.
Realization that a great shortage of
cotton is threatened this year brought
in further heavy commission house
buying.
Cotton futures ClOSeQ StedQyS Lee
cember, 1926 to 32.34s January, 31.85
to 31.95; March, 31.90 to 31.96; May,
31.9S to 32.00: July. 31:45 to 31.47.
Spot cotton, steady; middling, 32.S5.
New Orleans Market Active.
NEW. ORLEANS. November g.
Further gains into new high ground
for the season were made by cotton
today, the market rising 40 to 48
points during the first half hour Of
business The advance carried Decem-
| Der up to 1928. The buying was al
most altogether continuation of the
buying movement Of yesterday, and
was met by heavy realizing sales
| from owners of long contracts and by
what some brokers described as the
heaviest hedge selling experienced
| thus far this season.
On the opening call, which was un-
usually drawn out, something of a
runaway tonight was displayed, but
| this was checked by the selling that
developed.
Cotton futures closed steady at the
decline unchanged to 10 points up
net. December 81. 1.80a31.85; January,
Al. .77a31.85; March, 31.70a31.75; May,
81. 55a31 ga; July, 31.20a31.23.
Spot cotton steady, 30 points high
| er, Sales on the spot, $50 bales; to
arrive. 2,006. Low middAng, $3.50;
middling, $500; good middling. 1912.
Evening star., 1923-11-03
CLEARS POLICEMAN
OF "FRAMING" WIFE

Justice Bailey of the District Su-
preme Court, after hearing testi-
mony, has exonerated Policeman James
H. Murphy of the eighth precinct of
a charge of framing" his wife, Mrs.
Minnie L. Murphy, in order to 'di-
vorce her. 1t is expected the court
will now grant an interlocutory de-
cree to the husband, according to his
purpose announced eighteen months
ago when the case was first tried.
The decree was then held in abey-
ance to await the disposition of Mrs.
Murphy's request for a rehearing.
The alleged plot had relation to
two letters which it was clnimed the
husband had paid another man to
write to the wife. The writer has
now admitted the authorship of the
letters and the policeman testified
that he knew nothing of them until
he received them from a third per-
son. Attorneys James A. OShea and
John 1. Sacks appeared for the off,
Ger.
Evening star., 1923-11-03
NATIONS DEBT CUT
BY &3,4()5,2&
Treasury Gives Out Figures
for 0ctober-Trading on
Local Exchange.

Ihe country's gross indebtedness
was curtailed s43.405,2S6 during the
month ended October 81, last, and
now stands at s22,os2, 2,20s,9s1, the
Treasury Department announced this
morning. To meet this obligation the
departments has a net balance in the
general fund of $233,042.s62.
Bonds, naturally, constitute the
major part of the nations indebted
ness. This item totals ,130,
including s14.s05,S30,9 900 of war
FUNDS Treasury notes outstanding
amount to $4,050,432,000. and Treasury
certificates total s911, ,013,50o. Treas
ury savings securities outstanding
aggregate $355,41S,417.
The matured debt on which inter-
.Isb est mas ceased amounts to $41.So2.210.
while the debt which bears no in
terest totals s240,071,703.
Fewer Failures Noted.
After last weeks sharp increase
failures in the United States this
week decreased substantially. num-
pering 388. This compares with one
OF 4es last week and with 4o7 de-
the country show fewer insoIvencies
this week than last, Particularly in
the east and west
With smaller total Of failures
this week, those having liabilities of
$4,000 or more in each case also de-
creased, numbering 233. The ratio
to the aggregate number, however,
Is higher than that of last week.
being 60.l per cent, against 54.2 per
cent. A year ago the percentage of
these defaults to the total was 57.9.
Alberta Loan Offered.
A 100000 5s per cent refunding
loan for the province of Alberta will
be offered Monday morning by a Ca
madam syndicate which will be par
ticfpated in by Dillon, Read e. Ce. The
loan Will mature in three, five and
ten years, the amounts being equal
for each year.
This loan is the first financing on
behalf of any of the Canadian prov
lnces IN our market since June, 1922
asd together with the s40.000,000
province of Ontario internal loan, is
tae only financing of any description
that has been offered since the 5000
ooo,ooo internal Dominion of Canada
loan, which was fioated last month.
II is interesting to note that the
Alberta loan is the first new Cana
dian provincial issue to be offered at
coupon rate of higher than per
cent since July, 1922, and is the sec
ond to bear this rate since Decem-
MergenthaIer Declines.
An abrupt decline of 31h points on
the part of Mergenthaler Linotype
featured the weeks closing session
on the local stock exchange. Twenty
five shares were sold at 156, in con-
trast with a previous close of 1891
Merchants Bank and Trust Com
pany stock changed hands to the ex-
tent of 100 shares, in one block, at un-
changed price. 127h. Capital Trac-
tion likewise held at 99A. and Com
! mercial National Bank was firm at
141.
SmalHsales of Washington Gas 5s
and Pepco first 5s. at ruling levels
concluded the trading
Evening star., 1923-11-03
AUTOS KILL IL HERE.

Twelve deaths resulting from traf-
f1c accidents occurred in the District
last month, the second highest num-
Der any month this year. Fourteen
persons were killed in July. Last
months traffic fatalities included the
killing of three persons on the Balti-
more and Ohio grade crossing at La
mond station.
Seven persons were killed in other
than traffic accidents during the
month and four committed suicide
The only homicide recorded in Sep
tember involved the fatal shooting OF
Policemen John w. Purcell and George
Ludley, both colored, during a pistol
battle in Temple court southwest.
Evening star., 1923-11-03
FIRST BESSEMER RAILS
MADE IN AMERICA

From the Scientific American.
The first Bessemer steel rail made in
America was rolled by the North Chi
cago Rolling Mill Company from steel
made at Wyandotte, Mich. May "a,
1865. This was in the nature of an
experiment, and but six rails were
made.
Two years later a similar expert
ment was made by a New York mill
from steel made at Troy, N. Y, but 1t
was not until August, 1857, that the
Cambria Iron Company began to roll
Bessemer steel rails as a regular bust
ness, thus laying the foundation for a
gigantic industry.
Steel rails were first made and used
in England, The first steel rail was
laid on the track of an American
railroad in 1868, the rails having been
imported from Great Britain.
Evening star., 1923-11-03
LIVERPOOL COTTON.

LIVERPOOL, November 3.-Cotton-
Spot, fair demand; prices Arm; good
middling, 1907; fully middling, 1897:
middling, 18.47; low middling, 1852;
good ordinary, 1852; ordinary, 1902.
Sales, 5000 bales, including 2,400
American. Receipts, 5000 bales, in
cluding 100 American. Futures
closed steady; November, 18.45; De-
cember, 1884; january. 1928; March,
1907; May, 17.S5; July, 17.51; Septem-
Der, 1915; October, 1851.
Evening star., 1923-11-03
CHICAGO LIVE STOCK MARKET

CHICAGO: November s.-Hogs-Re-
ceipts, 10000 head: steady; bulk good
and choice 200 to $50 pound butchers
7.10a7.5o; top. 7.50s desirable $50 to
100 pound average smostfy, 6.s0a7.05;
packing sows, 6.40a6.60; killing pigs.
weak; bulk better weighty grades,
5.50a6.oo; estimated holdover, 5000.
Cattle - Receipts, 1000 head; un-
even: top yearlings, 1910; best ma
tured steers, 12.25; many heavy short
feds, 7.00a9.50; stockers and feeders
strong to 25 higher; Gamers and cut
ters strong; bulls weak to Is lower:
vealers steady to weak; week bulk
prices follow: Beef steers. 8.65a1050;
beef cows and heifers, 3.60a7.50; west
ern grass steers, 5.75a675; stockers
and feeders. 5.50a6.75; Gamers and
cutters, 2.6Oa3.25; vealers. 9.50a10.O0.
Sheep-Receipts, 1000 head; weak;
several decks better grades native
held at 12.75a13.00; compared week
ago killing classes steady to 25 lower;
feeding lambs % to As higher; ex-
treme top fat lambs, 13.45; top feed
ers, 1885.
Evening star., 1923-11-03
NANSEN SEES PEACE.
By the Associated Press.
PUBLIC UTILITY

BY the Associated Press.
NEW YORK, November 3.-Dr.
Fridtjof Nansen, famous arctic ex-
plorer and winner of the Nobel peace
prize, arrived on the Berengaria yes
terday, full of hope for allied ao-
ceptance of the Hughes proposal and
convinced that the reconstruction and
rehabilitation of Europe depended
upon the immediate adoption of some
such reparations settlement plan.
"It's late. but not yet too late" he
said. DR.. Nansen comes here to tour
American and Canadian cities under
auspices of the World Alliance for
International Friendship Through
Churches to tell of his work In Europe
as the league of nations high COM
missioner for Russian relief.
Evening star., 1923-11-03
NEW TOPS REACHED.
Eeveral Leading Stocks Led Today's
Advance. -
BY STEUART p. WEST.

Special Dispatch to The Star.
NEW YORK. November 3.-Anoth-
er impressive exhibition: o. the stock
markets restored buying power was
given today.
Professional sentiment had been
looking for some -eaction after three
days of very substantial advance.
They had seized upon the rather less
cheerful note struck by the week
. end trade reviews as basis for op-
erations.
But after starting in somewhat
lower, prices quickly steadied. 1t
was found that all offerings, whether
in the nature of profit-taking or of
short selling, were being readily
taken and in the last hour the lead
ers moved into new high ground.
Leaders Mt New Tops.
Steel common, Baldwin Locomotive,
Studebaker, American Can, Du Pont.
General Electric and other leaders all
made new high prices for the present
movement. The advance became
broader and even involved stocks like
Texas Company and Central Leather
preferred, which have been anything
but popular in the recent trading.
Sugar stocks fell into line despite
the weakness in the sugar market
With Rubber first preferred up ten
points nothing further was heard on
the subject of possible dividend cuts
The heavy short interest in Ameri-
can Woolen was given another twist
Above IA the stock was up nearly nine
points from its recent low. Motor &C
ceSSory stocks rose sharply, especial
ly Stewart Warner and Bosch Mag
neto. The rise continued in WHY'S
Overland preferred, in expectation of
a distribution .on back dividends. Da-
vison Chemical had a brisk run up
and the tire shares were distinctly
improved.
Studebaker Goes Higher.
Studebaker at 102, was UP over two
points. Steel common drew close to
"a and Baldwin Locomotive got well
across 1873 Realizing sales in the last
ten minutes or SO of the trading car
ried prices off somewhat from the
top But the close was active and
strong with very general net ad-
NanceS.
There is no reason for the back
wardness in Burns Brothers A earn
ings in the situation of the company.
1t has simply failed to join in the
been stock for sale from a certain
source which is believed to have
been liquidating this and other stocks
for some time past.
From the best information obtain
able Burns Brothers is earning at the
rate of $14 on the A stock, which
would appear to be ample for the
continuance of the present $40 divi-
dend.
There was nothing particularly
fresh in the Dawson Chemical situ-
alton to account for the sharp rise
in the stock today. Apparently it was
merely having it's turn, which had
been somewhat delayed in the gen.
eral upswing. The president of the
company is expected home from
abroad soon, and some important an
nouncements are then likely regard
ing foreign contracts for the Silica
jel process, and also for the products
made by the newly formed silica
jel products corporation. OF this
company 40 per cent of the stock
belongs to the Dawson Chemical.
Evening star., 1923-11-03
DAIRY PRODUCTS.

BALTIMORE, Md, November 8 (Spe-
ciaD .-Poultry-Live spring chickens,
h., 23a24; leghorns, 1Sa22; old hens,
1Sa25; leghorns, 17a1s. Old roosters,
Halls. Turkeys. 35a43. Ducks, Tia
"a. Pigeons, pair, 20a25. Guinea fowl.
each, 40a70.
Eggs-Loss off, native and nearby
firsts. doz., so; southern. 46a48.
Butter-Creamery. good to fancy.
lb.. 47a51k; prints. 51a53; nearby
creamery, 40a44; ladies', 34a35; rolls,
2Sa32; dairy prints. 2Sa32; process
butter, 3Sa39; store packed, Is.
Evening star., 1923-11-03
PUBLIC LANDS OPENED.

Fifteen thousand acres Of public
lands in Wyoming, Colorado and Ari-
zona were thrown open for home-
steading by the general land office of
the Interior Department today. The
lands became a part of the public do
main as a result of segregation under
the Carey act, through cancellation of
patents and through returns from
forest reservations.
Evening star., 1923-11-03
TEXTILE MILLS SOLD.
South Carolina Deal Said to In
volve 100000.

SPARTANBURG. s. c., November 8.
The sale of the Coahannet Cotton
mill, small yarn manufacturing
plant, located at Fingerville, in Spar
tanburg county, on Pacolet river, not
far from the North Carolina line, to
the Franklin Process Company of
Providence, r. l.. was announced here
yesterday through H. j. Haynes
worth, Greenville attorney, who rep
resented the purchasers. The consid-
Grafton was not announced, but 1t Is
understood to have been in the
neighborhood of 100000.
Evening star., 1923-11-03
Washington Stock Exchange
SALES.

SALES
Washington Gas 5s-S1 900 at 93h
Potomac Electric 1st 5s-$1 900 at 96h.
Capita! Traction Co.-10 at s9A, at 99A.
10 at 99A, 2 at 99l4
Commercial National Bank-10 at 14I, 10 at
141.
Lanston Monotype-5 at 1915.
Mergenthaler Linotype-10 at 156, at 156,
) at 156, at 156.
AFTER CALL.
Merchants Bank and Trust Co.-lOO at
1271a
Washington Gas $500 at s31s. $1,000 at
93A.
Evening star., 1923-11-03
SENDS TRUCKS ABROAD.
Ford Company Filling Large Orders
From Toxic.
a,..,., n,.n.teh to r,ha st,r

Special Dispatch to The Star.
DETROIT, November 3.-The Ford
company has received a large volume
of orders from Toxic for one-ton
truck chassis. These are being
shipped from the New York assembly
month. A temporary assembly plant
has been established at Kobe and
is now in operation. The Ford Yoko-
hama headquarters are being rebuilt.
Evening star., 1923-11-03
PACIFIC SHIPS CROWDED.
Lumber Movement to japan Over
taxes Cargo Space.
Special Dispatch to The Star.

PORTLAND. Ore. November a.
The Columbia Pacific Shipping Com
pany has added the Shipping Board
steamer West Hixon tc it's fleet, max
ing sixteen vessels in the trans
pacific service of the company. De-
mand for space Is such, on account of
the heavy movement of lumber to
Japan and the seasonal movement
Of grain. that officials of the COM
pany say that even the additional
vessel will not care for available
cargo. K. d. Dawson, general man
ager. said today the company hoped
10 see.4e ether Ss:pr.ng Board vessels.
Evening star., 1923-11-03
The Hidden Face.

From the Boston Transcript.
Hello! Is this Jigson?"
YES"
This is Smith. Can borrow your
car for this afternoon?"
why, no. I shouldn't think you'd
have. the face to ask It,"
'I haven't. That's why I'm asking
you oTer the phone"
Evening star., 1923-11-03
STOCKS CO HIGHER
/ IN BRIEF TRADING
Saturday Market Strong at
Cl0Se-SaIeS Total
100000 Shares.
By the Associat ted Press

BY the Associated Press.
NEW YORK. November Stock
prices resumed their upward move
ment after an early period of irregu-
larity in today's stock market. Prof
ft-taking and bear selling of the usual
industrial leaders brought about mod
crate recessioHs at the opening. but
all offerings were well absorbed, and
they soon pointed upward, with most
of the other industrials and special
ties trailing behind. Moderate
strength also was shown by some of
the non-dividend-payin railroads,
but there was a disposition to take
profits in the recently strong high
grade issues. TIE closing was strong.
Iales approximated 100000 shares.
NEW TOPS REACHED.
Evening star., 1923-11-03
PARIS MARKET STEADY.

PARIS, November 3.-Prices were
steady on the bourse today. Three
per cent rentes, 55 francs IS centimes.
Exchange on London, n francs SO
cenitmes. Five per cent loan, ~
francs 70 centimes. The dollar was
quoted at II f-aacs-45 cen..mes.
Evening star., 1923-11-03
BAR SILVER RATES.

LONDON, November Bar silver,
32d per ounce. Money, PA per cent.
Discount rates-Short, bills, 3k per
cent: three-month bills, 3ha3 3-16
NEW YORK, November 3.--Bar sill
yer, sax; Mexican dollars, ASH.
Evening star., 1923-11-03
BUTTER LOWER TODAY.

CHICAGO, November 3.-Butter-
Lower; creamery extras, ST.; stand
ards, As extra firsts, 4Sh a50; firsts,
44a46; seconds, 42a43.
Eggs-Higher; receipts, 6,166 cases;
firsts, 43a48h; ordinary f1rsts. 30a38.
Evening star., 1923-11-03
CLEARING HOUSE REPORT.

NEW YORK, November 3-The
actual condition of clearing house
banks and trust companies for the
week shows a deficit In reserve of
s13349.670. This is a decrease in the
resorse Of SS5,3t0.
Evening star., 1923-11-03
CLOSING SUGAR PRICES.

NEW YORK, November Sugar
futures closed steady; approximate
sales, 1900 tons. December, 500;
March, 3.s6; May, 4.03; July, All.
Evening star., 1923-11-03
CHICAGO sToCk MARKET.

CHICAGO, November 3.-Following
Is report of today's sales. high, low
and closing quotations at the Chicago
Stock Exchange:
Evening star., 1923-11-03

Ceasing to do new things and to
think new thoughts-that is the real
growing old.
Evening star., 1923-11-03

TOTAL SALES (Par Vaius):
IL am. 2 673 600 IL noon 6 O96 OOo
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-15
LABORATT|TUDE
Of COOLIDGE
RECALLED
Favored Coal and Rail Action
by Congress It Arbitration
Failed, in Interview.
BY FRED j. WALKER.
Cosmopolitan News Service.

SAN FRANCISCO. Aug. 15.-'The
first solution for industrial differ
ences when the interested parties
cannot agree is arbitration. When
that fails, as it has in both the coal
and rail strikes, then 1t becomes q
problem to be dealt with by Con.
gress."
So declared Calvin Coolidge one
year ago last week while he was
Vice President Of the United States,
and in attendance here at the Amer
lean bar convention, in an exclusive
interview with Cosmopolitan News
Service.
Today, suddenly thrust by fate
bodily into a position where he may
be obliged to intervene in a situa-
Ation growing more tense each day
the coal and rail problenn-his words
then, uttered. without thought
that one day he would be the SD
prene arbiter in national problems.
have assumed a potent significance.
A portion Of his comments during
the talk follows:
"Our present hign state Of civili-
zation demands that for the good Of
the majority, minority make con-
cessions Today august 8, 1922
the coal miners and operators and
the rail workers and owners repre-
sent the minority-the great Ameri-
can public the majority.
1.-THE coal strike IL good exam.
pie OF what millions of people who
need that product are obliged to
put up with while the two factions
undecisively continue to argue their
differences.
''The only solution for this pres
rita ~ ekv fn
legislative action!
do I think there is any danger
Of chaos IL the present labor trcu-
bles continue? Not the Slightest.
Just let there be one faint ripple OF
that kind Of discomfort and the
American people Will very soon let
the rest Of the world know how
they feel with regard to such con.
ditions."
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-15
Chicago Grain Market

CHICAGO. Aug. 15.-Gralns were
unchanged to shade lower at the
start of the market here today.
Wheat started 4 cent higher to
u cent lower, with a limited mixed
trade. There was no outstanding
feature.
Corn opened unchanged to 4 cent
lowers There was some selling by
a local house, which was readily alb
sorbed by a southwest house.
Oats started unchanged to u cent
lower with some selling Of Septem-
Der by cash interests.
Opening prices here were:
Wheat-Sept. $685. 999hc; Dec.
$1.O3A@%c; May $1.08A @hc.
Corn-Sept. 76%@hc; Dec. 62h0
&c; May 64Ac.
oats-sept. s5Ac;~ Dec. a7B @3Sc;
May 40Rc.
Rye-sept. s4%c; Dec. e7Ac.