davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-08
STOCK PRICES
SHOW FIRM
TREND
Strength Displayed by Steel
and Equipment Shares in
Early Trading.
BY Cosmopolitan News Service

NEW YORK, March S.-FirIn-
ness was fairly well maintained in
most issues in the first two hours
of trading on the stock exchange
today Stocks of steel and equip
ment companies received most at
tention, but sharp advances were
followed by quick reactions, indi.
eating the existence of good batch
of selling orders around present
prices. The lowering of the re-
newal rate to Az per cent was q
stimulating factor.
Less talk was heard of a further
rise in the rediscount rate in the
immediate future and no sign of
real credit tightness was discernible
in the terms Of the offering of the
$500. 900 900 Treasury certificates,
maturing in six months and a year.
The six months notes bear a Az
per cent coupon. whereas the others
are offered at AZ, compared with
per cent for the previous issue
of same length maturity.
Steel stocks were influenced by
the latest reports of capacity pro.
duction in steel districts. United
States Steel improved a half point
to 1881 and Gulf States was most
active, rising nearly two points to
96.
Strength was displayed by the
equipment stocks, although adj
vances were not fully maintained
Baldwin. after rising a point to
142A, ran into profit taking and
cancelled it's gain. Pullman was
bid up more than a point to 134.
Cosden featured the Oil section
with an advance of over point
to 81. new high for this year.
Strength was based on reports that
negotiations are underway for the
sale of the company to the Standard
Oil Company of Indiana. Pan.
American Petroleum was also
strong, rising point to 83h
Other oil stocks Were slightly ir.
regular, due to profit taking.
The motor and tire groups were
in good form, but advances were
fractional in most instances. Max
veil Motor az and "B' were con
spicuous, both moving into new high
round, the former to 63s and the
latter to 20A. Accessories stocks
recessions were confined to frac
tons.
= Coppers were featureless and seem
I'd to have discounted the great i'm
provement in the copper industry.
A noteworthy feature was the
heaviness in railway shares, which
though not leading to important
losses, was strange in face of re
ports OF record breaking traffic and
the fact that these stocks have
measured the carriers prosperity
only in small degree. Both divi
dend paying and low-priced issues
were under pressure with fractional
losses in Reading at 10. Pere Mar
quette at 80. New Haven at 10, and
Wabash preferred "A" at 29h.
Speciality stocks were temporarily
abandoned by their pool managers
and were practically featureless
Thinker Roller Bearing continued
firm, advancing slightly to 44A. and
Iron Products rose a half point tC
571a on reports of recapitalization
Money renewed at Az per cent
The market was irregular at noon
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-08
TREASURY TO
OFFER NEW
ISSUES
Secretary Mellon Announces
Offer Of $4Oo,ooo,Ooo in
New Certificates.
Ry HARRY GUSACK.

. New financing by the Treasury
Department, predicted recently, was
announced by Secretary Mellon to.
day, who stated that a combined
offering of certificates, amounting
to $400,0O0,000 would be issued,
dated March Is, 1923, one bearing
interest at the rate of An per cent
and maturing September Is. 1928,
and the other bearing Az per cent
interest and maturing March 10,
1924.
The interest rate on the one-year
certificates is an advance of II per
cent over the rate on the last
similar issue and was regarded as
rejecting the higher money rates
now obtaining. The new offering,
which is to meet maturities, cur
rent expenses and aid in making
provision for the refunding opera
tons to be undertaken in the middle
Of May, will not be followed by
further Government financing until
that time.
Financing i'm May.
There are now outstanding more
than $500, 100000 of Victory notes
maturing May 20, but the May
financing is not expected to amount
to more than 100000, 900. The
amount of outstanding Victories
gis expected to be reduced before
refunding is necessary.
For the new certificates offered
tonight the Treasury will accept in
exchange any certificates maturing
notes maturing May 20 at par and
accrued interest, while called Vic
tory notes, will be accepted at par
Ike cash.
About 1866, O0O,O of Treasury
certificates, Mr.. Mellon said, be-
come payable on March IS, 1923,
together with interest on the public
debt in the amount of about $780,
1000, 900. Called Victory notes to
the amount of about $4,000. 900
and matured war savings certifi-
Gates to the amount of about $75,-
900, goo. are also outstanding and
both are coming in steadily for re-
denption.
On the other hand, the Treasury
expects to receive during March
about $500. 900, 900 in income and
profits taxes, though this estimate
10 naturally subject to some uncer.
tainty, since the March payments
are the first to be made on the
basis OF the new revenue act and
the business of the calendar year
1929.
Purposes of Offering.
1.-The present offering of certifi-
Gates is intended, with the balances
already on hand, to provide for the
payments coming due in March
over and above tax receipts, and,
ct the same time to cover the
Treasury's further cash require
ments between now and the middle
Of May, when the uncalled Victory
notes mature" said the Treasury
statement.
There will have to be further
financing at that time, of course.
TO refund maturing notes, but the
amount involved has already been
reduced to manageable proportions,
and it will be still further reduced
between now and then by eX-
changes and advance redemptions
out of the proceeds of the current
offering. This. offering of certifi-
Gates, therefore, will contribute ma
terially to the successful. refinanc-
ing of the Victory-Liberty loan, and
when the March operations are
completed will still leave outstand-
ing but little more than $1,000
900 900 of Treasury certificates, a
remarkably low total for this stage
of the Governments postwar
financing"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-08

Charges Gamblers
Market" Rules
In Sugar

NEW YORK, March g.
Claus Spreckels, chairman of
the Federal Sugar. Refining
Company, just back from Eu-
rope, said today that the recent
rise in the value of sugar was
due to "a gamblers market,
assisted by the Department of
Commerce" He added:
''The American people have
been mulcted out of millions of
dollars, and the ultimate re-
suit will be the same as when
Mr.. Hoover was food admin
istrator and the people believed
there was great shortage of
sugar at that period.
This present condition will
eventually lead to the same dis
astrouS results"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-08
CHANCE TO DISPOSE
OF MARKS Is OFFERED

American holders of German
marks have been given an oppor-
'tunity to invest this fluctuating
currency in German real estate,
stocks and bonds, the Department
Of Commerce announced today.
L. G.. Dreyfus, American consul
at DlO sden, wired an association of
private bankers has been organ
lied to offer America, Argentina
and Brazil a chance to get rid of
their German money.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-08
Chicago Grain Market.
BY Cosmopolitan News Service.

CHICAGO, March S.--Grains all
opened slightly higher today, influs
enced perhaps by stronger Liver
pool quotations. At Liverpool wheat
was 1a pence up at o'clock above
the previous close. First prices
here were:
Wheat-May, $1.1SA OILS; July.
$1.145s; September. SLIPS @&.
Corn--May. TAG X cents; July, Is
cents; September. ~ cents.
Oats-May. 40 cents; July, 44b
cents; September, 43 cents.
Rye-May, S2Z cents.
Trade in wheat was very light.
Offerings were limited and commits
sion houses had to bid up prices
to fill buying orders. On the up
turn there was a little selling by
a bear house. About the same con-
dition existed in the corn market.
A big factor expected in coarse
grains will be the forthcoming Gov
eminent report. and conservative
operations are suggested when the
figures are given out.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-08
REQUA WRITES
Of j. s. OIL
NEEDS
Says Solution of Problems Is
Cooperation of interests
With Government.

Development of large Olt re-
serVes properly controlled 1UiH at
ford the solution of the petroleum
problem rather than any recon-
nsendGtiom of the La Toilette IN
VestigGtio1a committee, in the opt1.-
ion of Mark L. ReqMu, general d.
rector, oil division, United States
Fuel Administration during the
1Uur. HIS vie1Os are presented IN
the foLloaOing statement:
BY MARK l.. REQUA.
General Director of OIL Division. Q. 8.
Fuel Administration Of f018-10.
(Written for and Copyright by Interna-
tional News Service. 1921
SAN FRANCISCO. March 8.-The
solution of the petroleum problem
will not be found in any recommen-
dations made by the Senate inves-
tigating committee of which Senator
La Toilette Is chairman.
The petroleum industry contains
within itself all the problems of
transportation, manufacturing and
distribution that are common to our
great transportation, nianufactur-
ing and marketing organizations
that serve the public welfare. In
addition 1t is confronted with the
problem of producing wasting
asset, the quantity of which and
its location are both obscure.
Big Increase Seem.
Our production has increased
from zoe 900 900 barrels in 1910 to
443 ,000, 900 barrels in 1920, and $780,.
100000 barrels in 1922. At the
same ratio of increase 1880 will
show a production well on to one
billion barrels. Production is. of
course, prompted by demand.
believe the problem must be
subjected to the most skillful CO.
operative effort between the Gov.
ernment and the petroleum in.
dustry.
The objective to be obtained is
prevention Of violent price AHctua.
tons due to surplus or shortage OF
crude oil. This will come, il it
comes at all, through development
of large reserves properly con.
trolled. It is the enegation of the
present Government policy. Recon-.
mendations of Government control
price fixing, prohibiting exporta.
ton, compulsory reports and the
like, as urged in the La Toilette re.
port, will not only fail in accom-.
plishing the desired result, but will
make matters infinitely worse.
Cooperation Urged.
The national welfare is too vitality
involved to permit the problem to
be made the football for poll: zeal
experimentation; that the expert
mentors will themselves meet polit.
ical humiliation in the end, due to
the operation Of inexorable economic
laws, will afford neither compensa
+; ton for the damage done, nor sat
i isfy the needs of the situation.
Cooperation must be of the right
kind. It must be free of all polit-
ical motive and Government must
; recognize the obvious fact that in,
dustry can perform it's task better
| than can Government
The petroleum industry in its
own behalf must recognize that its
task is to serve the public and that
| those things must be done that will
| the better render that service.
The function of Government is tC
cooperate in making that service
! possible. It must be prepared to
| throw the mantle of Government
protection and approval around in
/ dus;ry in the performance of its
demands
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-08
NY. Cotton Market.

NEW YORK, March 8--A little
demand for July cotton contracts at
the opening of the cotton market
today lifted that position three
points over the close, whereas other
months were seven to fourteen
points lower. There was heavy sell
ing of May by foreign houses and
pressure on March due to sixty no
tees being issued. Spot houses and
local interests also sold. The best
early buying came from New Or
leans, Wall Street and the trade
The market later responded to this
buying and jumped to new high
levels on May and July contracts,
May reaching 31.45.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-08
Mrs. QuicksalI's Will.

Mrs. Mary d. Quicksall. who died
February 90, last, left an estate
valued at $20,490 according to q
petition for letters testamentary filed
yesterday in probate court by her
son, Conrad NJ. Strong. The estate
includes property at 2029 F street
northwest.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-08
RUBBER GROWING TESTS
ARE STARTED BY HOOVER

The initial step in the investiga-
ion to be conducted by the Govern
ment to determine if rubber can
be grown on American territory
was taken today when Secretary Of
Commerce Hoover appointed DR..
Frank NJ. Surface to take charge
of the work.
The Department of Commerce
and the Department Of Agriculture
have been allotted 100000 to make
this investigation.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-08
PUT CARS IN STORAGE
TO KEEP OUT OF JAIL

CLEVELAND, March 8.-Nine
motorists found guilty of speeding
and given workhouse sentences in
Municipal Judge Silbert's court yes
terday accepted the courts alterna-
tive of having their automobiles i'm
pounded.
Six charged with driving 80 miles
\ an hour agreed to surrender their
|. licenses and permit the court to
nIace their machines in storage for
80 days, rather than accept SEN
fences of 80 days in the workhousc.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-08
LOADS SHIPS AT NORFOLK

NORFOLK, Va, March Ship.
ment of American coal to Germany,
said to be a result Of the French
seizure of the Ruhr mines, will
begin from Hampton Roads in
cargo lots this week.
Two vessels, the British Ventura
De Larringa and Norwegian Hall
grim, both in port now, after load
ing cargoes of coal at the Newport
News terminals, will leave for Ger.
man ports. A third vessel is under
stood to be chartered for the same
purpose.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-08
Short Term Securities.


Alum Co. of Am. Is, 1925I1O3 q 1855
Alum Co. of Am. Is, 1888 1854 1864
Am. Cot. Oil IS, 1924. II 91% 92h
Am. Sugar IS, 1887. l102 l1O2a
Am. Tel. & Tel. IS, 1924I1O01s l10Oha
Am. Tel. & Ael. Is, 1925I116ht117A
ANA. Cop. IS, 1929. -. 102 q 1O2%
Anaconda Cop. rs, 1929. 1885 1885
Anglo Am. Oil TVS '25. 102 Il 1929
Armour & Co. rs, 1880. los Ia 1O5Ias
Bell Tel. of Can. rs, 25l1O25 1O3h
Beth Steel rs, 1928. 49,. 1O3B 1O41s
Can. Nor. 51z's. 924. -. 1O0h 1905
Can. Fac. 6's, 1924. 49,. 1908 1O1 u
Cen. Leather SIS, 1925. 985s 80
G. G. c. &. st. l.. 6's, '29I1O1 101A
Chicago Tel. SIS, 1923. 99NI10Ok
DUPONT TVS, 1881. $50. los 10Sk
Goody. T. & r. SIS, 1881. l1O4 1O4h
Great North. Us, 1886. l1O8A l1OSA
Hooking Val. 6's; 1924. >. 1OOf 100 fRs
Humble Oil 51a's, 1882. 98h 9Sh
X. c. Term. 6's, 1928. /. 100 = 100 p
Kennecott Cop. rs, 1880. 1885 1O41s
L., Men. & l.. rs, 1881. 100 1OOh
NJ, S.P.&S.S.M. 6k's, 1881 103N 1881
Norris & Co. TVS, 1880. 1O2A I1O3A
Penna. r. r. rs, 1880. 100 109h
st. P. I'm. Dep. 51a's, 1923l1OOB I100ss
Sears. Roe. & Co. rs, 1923h00K 101 II
Southw. Bell rs, 1926. :. &. 1O2 Ia 1O2 "a
Stan. Oil of Cal. rs, 1881 1904 1861
Tidewater Oil 61s's, 1881 1927 I1O3A
Union Tank Car rs, 1890. 1881 1887
West. Union 614's, 1896. F.. 1924 1898
West. E. & Mfg. rs, 1881 l107kl108
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-08
GOVERNMENT WILL LEASE
OKLAHOMA OIL LANDS

Applications for leasing and ex.
ploration of public oil lands in the
southern half of the Red river
region Of Oklahoma. recently author
lied by Congress, will be received
at the Federal land office at
Guthrie, Okla, between March S
and May 3, Secretary of Interior
Work announced today.
Work said the Government will
receive a royalty Of not less than
1871 per cent of all oil produced
in this district.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-08

LIVERPOOL, March Spot cot
ton opened in limited demand
Prices steady.
American mids.. fair, 1856; good
nnids., 1901; full mids, 1886; mids.,
1915: low mids. 1851; good ordinary
1901; ordinary. 1871.
Futures opened irregular
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-08
Liberty Bonds.
l34tla Dividend
Furnished by W. B. Hibbs & Co.

The regular quarterly dividend of two
dollars and twenty-five cents per share
will be paid on Monday, April 16. 1929.
to stockholders OF record at the close of
business on Friday, March 16. 1923.
On account of the Annual Meeting of
the stockholders. the transfer books will
be closed at the close of business on
Friday, March Is, 1929, and reopened at
10000 A. NJ. on March %. 1928.
H. BLAIR-SMITH, Treasurer.
Belt Valley times. [volume] (Armington, Mont.) 1894-1977, 1923-01-11
Hometown
Y
ARRANGE TO PULL TOGETHER
Citizens OF Kansas City, Kan, Pool
All interests for the Benefit of
the Community.

The various Improvement associa-
tions of Kansas City. Kan. are going
at a big task In a big way. The as
sociations represent many separate dis
tricts Of the city each has been pull
Ing for this or that Improvement here
and there The result has not been
satisfactory ; 1t has consisted of a lit
tie patching up OF different sections In
a h~aphaxard fashion.
Now the associations propose to
move together. They demonstrated
their ability to cooperate when a per
manent organization of officers OF all
the bodies was formed. The idea is a
pooling Of interests a united pull to
secure benefits, not on one street, not
In a district OF a few square blocks,
but for the entire city. II is realized
that an immense undertaking, such as
the civic center, is properly a city
wide affair, and that II success is to
come In such an effort there must be
concerted action.-knnsas City Star.
Belt Valley times. [volume] (Armington, Mont.) 1894-1977, 1923-01-11

When making a purchase. ask the
dealer to show you the inside Of the
set. II all connections are not soldered
the wires will become loose and recep-
ton Will be impossible. Paste or acid,
II sTrend carelessly over the wiring, or
dirt inside the receiving box will cause
trouble. IL filings have been allowed
to get into the telephone receiver. the
attraction Of the magnets will grad
ually cause them to make their way
through the Insulation and render the
phones worthless. Watch out for these
difficulties and avoid the disappoint.
ment that when a radio enthusi-
asst gets all set to listen In, but can't.
Belt Valley times. [volume] (Armington, Mont.) 1894-1977, 1923-01-11

Calvin Coolidge, In connection with
the Better Homes in America cam
palgn. says:
1T ia of so little avail to assert that
there is an inherent right to prop
erty unless there is an open opportu-
nifty that this right may be enjoyed in
a fair degree by all. That which IL
referred to In such critical terms as
capitalism cannot prevail unless II Is
adapted to the general requirements.
Unless II be of the people, Il will cease
TO have a place under nnr institutions.
even as slavery ceased.
ut Is time TO demonstrate more ef-
fectively that property is of the peo-
pie. II is time TO transfer some Of
the appreciation and effort that have
gone into the building Of public works
to the building. ornamenting and
owning OF private homes by the people
at large-attractiye, worthy, perma-
nent homes" /
Belt Valley times. [volume] (Armington, Mont.) 1894-1977, 1923-01-11
MAN IS SILENT SEVEN MONTHS
Alleged Murderer Even Refuses TO
Recognize His Wife and
Children.

New York.-Affer spending seven
months In jail, refusing TO speak q
word 10 anyone or 10 recognize even
his own family, Salvatore Longo. mute,
alleged murderer. will be sent to a
prison farm somewhere. according TO a
court order. in the hope that he will
regain his tongue and be able to de
fend himself. He has refused TO rec
ogD;ze even his wife and five children
Edward j. Reilly, attorney for
LNng0. said bis client went mute the
day he was arrested and has since re-
fused 10 speak to him. jail attendants
anybody else. Under The circum.
slans1s. Reilly sald. II had been In
yos~able for him 10 prepare the mans
,use for trial.
f&pg0 several times has been taken
20 tsHirt. bat each time II has been i'm
fssible. Ia try hlm4 besause ever
.pesliuB pus u him has been met ~
sa0ny 1isIe.
Belt Valley times. [volume] (Armington, Mont.) 1894-1977, 1923-01-11

after spending months In hospitals suf'
fering from wounds caused when an
ajrplane he was plotting crashed to
the grnund-This was not before he
had participated In a number of air
battles with German aviators.
Although Lindberg suffered continu-
ally from his war wounds, he did not
remain long In American hospitals.
When the Legion's athletic commits
sion vas formed to encourage the
spread Of clean, wholesome sports
among ex-service men and the younger
generation, Llndberg was called from
his home in Chicago to assume the
position of secretary of the commits
sion. His work was primarily re-
sponsible for the success of the Lee
gion's recent athletic meet at the New
Orleans convention.
A few days ago LIndberg submitted
10 an operation In q Chicago hospita
In which several ribs were bound to
gether with strips - silver and 1t IL
now believed that he will recover his
health.
Lindberg Is remembered In the sports
world for his athletic career at the
University of Illinois, where he was a
.ten-second man In the 100-yard dash
and a member Of the varsity football
baseball and basketball teams.
Belt Valley times. [volume] (Armington, Mont.) 1894-1977, 1923-01-11
POOR AT FIGURES
so HE LEFT HER
Julius Berman Wanted Wife Who
Gould Juggle Mathematics With
EuclidianIike Precision.
PROBLEM UP TO JUDGE
Man Needed an Adding Machine So he
Got Married and Then Found
Ills Spouse Was Nothing
but Housekccper.

New York.-And now its the mathe
NAUTICAL marriage In which a wife 1
pictured as the least common demon
inator, with emphasis on the least
The fractions consisted OF a husband
and six children, or 10 and alimony
which at present is 02,0O0.
Mixing In a little algebra, X. al
usual. being the unknown quantity
there is the following equation;
A plus b equals @ minus Y.
Considering that A Is husband, u
wife and G, money, Justice kapper has
TO solve the marital problem, not by
multiplying the means and the ak
tremes. but by resortlng to trigonome-
try and calculus II he is TO make y
equal happiness.
Wanted Figuring Wife.
II seems that Julius Berman. q Wild
over, with six children and real estate.
married TO get a mate who could figure
up first and second mortgages with
Euclidlanlike p~recision-that his wife
told him she VAS on speaking ferrfs
with QE-bEAn n NEST certainly inti-
mate with addition and subtraction.
Berman, In effect, said he wanted an
adding machine, so he got married. He
told the court:
MY wife falsely and fraudulently
represented that she was a fit person
to manage %fnancial matters and so we
were married. AS a matter Of fact,
she Is not. She cannot be trusted even
with a half dollar, because she does
know how much to pay the buck
eter and how much change, If any, she
receive. AS soon as | found
out she VAS unfit TO disburse funds. /
TO live with her and refused
tn take her into my household"
Mrs. Berman, who is fighting pro-
weddings to have the marriage annulled,