davidaulloa/AmericanStories huggingface dataset:
Evening star., 1923-09-29
BEARS POUND WEAK
SPOTS ON EXCHANGE
Week Also Sees Better Response to
Constructive New-B. & 0.
Dividend Big Factor. ~
By the Associated Press.

BY tRe AesoClateu
NEW YORK, September 2s.-Stock
prices made q better response this
week to constructive news. but spec
ulators for the decline continued to
attack various sections OF the list
and succeeded In uncoverins q num-
ber of weak spots. Bond prices
moved within narrow and Irregular
limits, with a better demand noted
for some Of the eastern and middle
western railroad liens.
One Of the outstanding domestic
DEVELOPMENTS was the resumption OF
dividends on the common stock OF
the Baltimore and Ohio railroad.
This brought about sympathetic ad-
vanoes In other railroad shares. buy
ing being Influenced also by another
report of weekly car loadings in ex-
cess Of 1000, 600 cars and o series of
favorable August earnings state
The frst thirty-nine class one roads
to report showed combined net IN
come Of $5ys1e,oo0. as compared WIN q,
ss1.asoess nsns; os In ias; IVY ys and 's7''7000
officiai abandonment OF passive re-
sistancey in the Ruhr had tonic ef-
feet on the foreign exchanges. par
tioularly those of the continental al,
lies. but the gains were modineo
later by serious political action In
Bavaria.
weekly steel trade reviews reported
a slight quickening in interest, while
the United States Steel Corporssaon
from S7.3 to s0.3 per cent. Sugars
moved to higher ground in sympathy
with higher commodity prices. To.
haccos also were strong on reports
of Increased production ana sales.
Taa viness of the motors reflected the
speculative fear of intense competi-
tion next year.
Evening star., 1923-09-29
CORN LEADS RISE
IN GRAIN PRICES
Reserve Supply Low and
Frost Damage High-0ats
and Wheat Also Gain.
By the Associated Press.

By the Associated Press.
CHICAGO. September 20. - With
farm reserves Of corn the smallest in
twenty years, except once. and with
wet weather increasing the damage
that frost recently did to the new
corn crop, all grain has risen rapidly
in price this week. aided to a material
extent by reports OF government plans
for farm relief. Compared with a
week ago, wheat this morning was
"a to ~ higher. corn 4 to tn up
and provisions ranging from decline
to "a advance.
Offerings of wheat were light, and
the fact that hedging sales at Winni-
peg were small In proportion to re-
ceipts was also a bullish influence.
Germany's surrender in her economic
struggle against France had consid
erable stimulating effect.
The discontinue of traders on the
bear side was capped by new Cana
dian crop estimates that 1928 produc-
tion of wheat in Canada is 100000
bushels smaller than the Canadian
governments latest figures.
1t was gossip that noted specu-
lator was leading a bull campaign in
corn and oats, and that stocks of
oats were the smallest in six years.
Provisions reflected corn strength as
we'll as better export demand.
Evening star., 1923-09-29
BY STUART p. WEST.
Special Dispa tch to The Star

Special Dispatch to The Star.
NEW YORK, September 2e.-There
have been few developments in the
general business situation during the
past week. The stock market has Of
fered. on the whole. more resistance
to efforts to force 1t down. AS prices
have drawn near the low level reach
ed. once in the first week of July and
again in the first week of August
a greater degree of stability has been
shown.
The most important outside event
was the fnal announcement that Ger
many had given up passive resistance
in the Rahr. The military Dictatorship
at the moment has ouie{ed fears OF a
communist uprising. French and Bel
gian currencies rose sharply to the
best figures reached since the middle
Of June. Foreign government bonds
were favorably Influenced. for a time,
but in the end gained no ground as
compared with a week ago.
Situation Abroad stflI Involved.
In fact, outside the exchange mar
ket. in which there was an extended
short interest to reckon with, the
Ruhr surrender has scarcely counted
sequel. so far as regards the repara-
tions problem and European rehabili-
tation. is quite as much in doubt as
ever. The way is now open for France
to prove her contention that Germany
is quite able to pay in full. Or the
result may be to demonstrate, as the
English believe and as most outside
economists feel too, that any attempt
to compel the acceptance OF the max
imum indemnity. and start collect
sRxr D.
threaten breakdown of the German
industrial structure.
Deadlock Over Steel Prices.
The main concern in the home
markets is still the business outlook
ago. this is a subject which cannot
be treated as whole. In some lines
conditions are profitable, in others
they are not. The deadlock remains
unbroken between buyers and sellers
OF steel. the former, disposed to hold
ing to pay prices which represent a
10 per cent average advance over
what they have been paying on old
contracts. The outcome will be either
to cut prices In their efforts to stimu-
late new business or that consumers
will come in at the present level.
rather than let their supplies run
down to the danger point as they did
a year ago.
The position is not satisfactory in
the metal trades and some producers
OF zinc and lead have shut down rath-
er than operate where they cannot
make money. The cotton mRls are
government report on cotton will
have upon quotations for the staple.
On the other hand, with the rise in
sugar prices. carrying them not far
from the high of the year, the pros
poets for this industry are bright.
The same is true Of the tobacco trade
Evening star., 1923-09-29
Business Outlook Is NO,u Main
Concern of Domestic Markets
Conditions Vary Widely in Different In
dustries-Ruhr Reports Most Impor-
tant Outside Ne,Us of Week.

and OF the chain stores and other re-
tail organizations
1t is also apparent that when it
comes to considering the outlook Tor
the Wall street markets the same
distinction must be observed between
groups of securities that is found in
an analysis of their corresponding
industries. This has shown al
ready during the last week or two
4 In the highly irregular price move
baccos and the electrical company
shares having gained. while shares
of the automobile, the rubber and tire
companies and the steels having most
business volume, the enormous haul
over the railroads is a trustworthy
criterion. Added to this is the state
ment by the mercantile agencies that
the main drift of distributive trade
is upward and that II compares favor
ably with year ago.
Pcssfmism Not Justified Yet.
If the pessimism which is still up
permost in Wall street professional
circles is to be justified, 1t will be
because of changes in the trade situ-
alton OF which so far there are no
signs. Asked for reasons Why stocks
should go down from what is almost
answer Is that before long curtail-
ment of demand will become more
pronounced and that producers will
either have to cut their output or re-
duce prices, with the result that com
pany earnings will decline.
This and the approaching session of
Congress, with the presidential cam
paign looming ahead, are the main
points of the present bear" position
On the other hand, practically every
representative OF big business who
has spoken publicly has expressed
confidence in the future. taking his
stand on the extraordinary strength
of the credit structure and the alb
sence of imitation and overproduction,
which are the familiar antecedents OF
period of depression.
Relief I'm Sight for Wheat Farmer.
The latest proposals for dealing with
the plight of the wheat farmer are
much more conservative than any
MADE so far, The American wheat
raiser finds il difficult, with anything
like normal crops in other countries,
to meet the competition In the foreign
! market of other exporting nations.
Therefore, he must look to the horne
market chiefly, protected as IT Is by
! a high tariff duty. The latest sug-
gestion, coming from the northwest
successfully by government super
vising body, which would tell the
farmer how much of his land could
| be safely devoted to wheat. and how
| iluCu sHUuiu De given oNel W oNiSi
crops. This is the sensible way to
| deal with a state of things which has
been brought about by excessive pro-
duction.
The business community rejects the
idea of artificial price fxation, in
volving use of the public funds for
| the benef1t of single class. 1t is
gratifying to note that the committee
representing bankers, farmers and
| congressman from six Of the leading
northwestern states. who discussed
the matter with the President this
week. came out against this false and
! dangerously unfair principle.
Evening star., 1923-09-29
PENNSYLVANIA'S NET UP.

NEW YORK. September 2s.-Net
railway operating income of the Penn
sylvania Railroad Company for August
Increased $2,l42,S76 over last year. last
months total being $7,774.400. Gross
for the month was s64.S33,927. an in
crease of s7,463,260, while expenses
were .s52.1o1,s33. a gain of s4.s34.1SS
over last year. Freight revenues in
creased S6.333,4S0, while passenger
revenues increased s1,400.558. For
maintenance of way and structure the
outlay in August was $1,215,298 more
than last year, while for maintenance
Of equipment the expense increased
S2.237, ,308.
For the eight months ended August
81 last gross amounted to $4S4.735,655,
an increase of $7e.938,983 over last
year, while expenses at $396,871, ,0S3
were s67.1s7.564 above the outlay for
1922. Net railway operating income
amounted to $56.612.012. an increase
of S6.035,635 over the corresponding
period of last year.
Evening star., 1923-09-29
BRADSTREET NOTES GAIN
IN WHOLESALE BUYING

NEW YORK. September 2s.--Brad-
streets Review today says:
While there is a considerable degree
of irregularity still reported in trade;
crops and industry, the general trend
of distributive trade, responding to
stimulating causes hitherto noted. Is
still forward. Fall buying in wholesale
and iobbing lines Is slightly better than
q week ago, whereas retail buying gains
more slowly.
Industry, too, shows a slight gain on
the whole, and collections are rather
better. Free marketing of cotton at
good, though not peak prices for
the season has given more snap to
southern trade, especially in Texas.
Atlantic seaboard states report gains in
retail trade due to crop marketing and
the ending of strikes.
Cooler weather. crop marketing and
fall festivals help western trade, and
Pacific coast reports are rather more
cheerful in such lines as lumber. The
apparel trades. as usual at this season.
note especial activity, clothing. cotton.
woolen and silk goods, shoes and
jewelry noting a good volume Of turn
over.
Evening star., 1923-09-29
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star omce

aivid end 50 during the week. was up 31k
points from last Saturdays closing.
Several new Industrial issues were
admitted TO trading in the past few
days, but were welcomed with only
slight consideration by the outside
public.
The recent advance of points in
Springfield Body was followed blythe
officiai statement that the company
has $1,000, ono in orders on the books,
which Is sufficient to keep plants OPP
Grating at capacity for at least six
months -s,.. ---
Hopeful statements regarding cop
per have been reflected in a slight in
crease in the demand for copper
stocks. but price changes have been
unimportant.
Ohio Copper was a leader of this
group and was up about 10 points on
the week.
Evening star., 1923-09-29
WEEK SEES SLUMP
IN BUTTER MARKET
Lighter Demand With Decrease in
Receipts and Increase in
Storage Supplies.
BY the Associated Press.

By the Associated Press.
CHICAGO, September 2s.-sharp de-
cI,nes featured the unusually weak
butter market during the week. prices
at the four principal markets taking
drops ranging from / to sh cents.
overconfidenee. which has carried
the market higher during the sum
mer, was given by operators as the
reason.
Production reports indicate that the
decrease in the make has been check
ed. and surplus supplies are reported;
Receipts showed decrease and
storage holdings showed an increase.
caused by the movement or .urplus
stocks to storage. A decrease In con-
sumptive demand was considered to
exist.
There were no arrivals of foreign
butter at New York during the week.
Range and closing prices. wholesale,
% score butter were as follows;
q less at 45Ik; Boston. less at 46h =;
Philadelphia, IN less at 46h.
Evening star., 1923-09-29
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

DETROIT. September 2s.-The au-
tomobile industry is watching closely
for the results OF today's announce
ment of a new Oldsmobile light six
cylinder car at very low price. .Au-
tomobile manufacturers who recently
reduced prices are almost unanimous
In declaring that the cuts do not eig-
nifty q price war, but represent econ
omies in manufacturing or lower ma
terial cots.
ATLANTA, September 2s.-Georgia
est production of syrup this fall.
Prices are good and there is little
competition.
PORTLAND. Ore, September 20
Montana hard wheat flour has ad.
vanced to 81 barrel. while bakers
blue stem has been reduced cents
more than was anticipated, to $3.50.
Pastry -four has been pushed UP 20
cents with a new top or $3.50.
ST. PAUL September as.-The Cut
Glass Manufacturing Corporation will
build a new plant here at q cost OF
s75,ooo. The expansion may involve
still larger investment, as O. new
deposit of high-grade sand has been
discovered near High Dam, and it is
reported Henry Ford contemplates
securing his glass for car production
from the new plant.
MADISON. Wis. September 29.--
The Wisconsin potato warehouses
have openeT for fall buying. The
market is short and good prices are
prevalent. Few farmers have begun
to dig, but the crop Is due to move
in large volume next week.
TULSA, Okla, September ga tre-
mendous falling of In the production
of Oklahoma crude oil was recorded
last week. The daily average output
was 20.267 barrels less than for the
week previous.
Evening star., 1923-09-29
STANDARD OIL BUYS
OKLAHOMA LANDS
$S,000,000 Involved in One Of
Largest Transactions in
Recent Years.

Special Dispatch to The Star.
TULSA. Okla, September 2s.-One
of the largest oil land transactions in
recent years has just been concluded
here by the sale OF all producing
Usage, Washington, Rogers and No
wata counties, Okla, and Greenwood
county. Kan, owned by the Waite
Phillips Company. The purchaser was
the Mid-Kansas Oil and Gas Com
pany. a subsidiary of the Standard
Oil of Ohio. The price was about
$S,000.000. Nearly 10000 barrels daily
production is involved, mostly from the
Burbank pool.
Evening star., 1923-09-29
NICKEL PLATES NET UP.

CLEVELAND, Ohio, September 29,-|
Reports filed with the Interstate Com
merce Commission covering operation
Of the Nickel Plate railroad for the
month OF August shows net railway
crease Of $17s.537 over the same
month a year ago, company officials
announced today For the eight
month period ending August 81 the
net railway operating income was
$7,57L1Is. an Increase OF $1,029,067
over the same period for 1921.
Evening star., 1923-09-29
LIVERPOOL COTTON.

LIVERPOOL, September 2s.-Cotton
Spot in fair demand; prices steady;
good middling, 17.43; fully middling.
1898: middling, 1918: low middling,
1868; good ordinary. 1918: ordinary,
1888. Sales, 5000 Bale, including 1900
American. Receipts, 5000 bales. no
American. Futures closed quiet. Sep
Ser. e 1855: SO january. % 1s.74: sS r Maren.
1880: May. 1896; July. 1885. Official
noon closing. September. 1908 value.
Evening star., 1923-09-29
WOOL AUCTIONS END.

LONDON, September 2S.--The wool
auction sales closed today with Of
ferings amounting to 7,SS5 bales. 1t
was q moderate assortment and was
steadily absorbed. The sales closed
steady. Coarse cross breds and in
fcrior merino advanced 5 to 10 per
cent. but Cape of Good Hope and Natal
declined per cent. During the series
America bought 1000 bales. the home
trade, $4,000, and the continent, $4,000,
while $1,000 were held over.
Evening star., 1923-09-29
RECEIVER is APPOINTED
FOR VIM MOTOR TRUCK
y tbs A aSaoc,..sd pras,

By the Associated Press.
PHILADELPHIA. September 2s.--
Federal Judge McKeehan has ap-
pointed Kern Dodge temporary re-
ceiver OF the Vim Motor Truck Com
panW Inc., on a bill in equity filed by
A. V. w. Sure Of New York, q credit
or for $4,000. The company consented
to the receivership. It's assets were
placed at S2.46S,eS1 and it's debts at
$1,301,277, with an additional $3.50, 900
capital stock liability.
The bill in equity declared the COM
pany was solvent, but lacked work
ing capital.
Evening star., 1923-09-29
FORD MAY SOON ENTER
LAKE TRANSPORTATION
snecisI pispa tch to The Star.

CLEVELAND, Ohio. September 20.
s-Henry Ford will venture into lake
transportation If reports that he has
accepted bids for the building of two
s00-foct freighters for delivery in
a924 are borne out. The boats are
20 be used for transporting iron ore
from Lake Superior ports to the Ford
furnaces on the River Rouge. One of
the vessels, it is declared, will be
built by the American Shipbuilding
Company at either Lorain or Cleve-
land and the other by the Great Lakes
Engineering Works at Ecorse yard.
Evening star., 1923-09-29
DURANT IN new MOVE.
Motor Acceptance Company to Act
as Brokers

DOVER, Del, September 2s.--A
partmsnt today to the Durant Motor
Acceptance Corporation, having q
capital OF 2,oo0.000 shares without
nominal or par value. The incor-
porators are w. c. Durant. Deal,
N j.: Carroll Downes, Narbeth, Pa,
and c. F. Daley, New York city.
The company. II Is understood, is
q subsidiary OF the Durant Motor
Company. The purpose of the new
concern, according to it's application,
is to aid liz the manufacture OF auto
mobiles and to act as brokers'
Evening star., 1923-09-29
Rv tho Associated Press.

NEW YORK. September 2s.-Foreign
exchanges irregular Quotations in
United States dollars). Great Britain,
demand, 454M; cables. Assn; sixty
day bills on banks, 4.S2. France, de-
demand. % .o4tsM; cables. .o457. Bel
GUM. demand. .o522h; cables. .o62s.
sarmany. demand, .0000o00055; cables.
,ooooooO655. Holland. demand. .sS2s;
cables, .3933. Norway, demand. 1881.
mand, '.17S7. Switzerland, demand.
.i7sS. Spain. demand. 1888. Greece.
demand, .0I65. Poland, demand. .00000S
Czechoslovakia. demand, .03o0. Jugo-
slavia, demand, Ola. Austria, de-
mand. .000014. Rumania, demana.
Brazil. demand. 1000. Montreal. de-
mand, .97N.
Evening star., 1923-09-29
BY WILLIAM r. IIEFFERyAN.
Received by Priva

NEW YORK. September 2s.-The
outstanding feature in the dealings,
OF the past week on the curb market
was the increasing reluctance to con-
unue operations on the short side of
the oil shares.
These stocks appeared to have dis
counted the worst that can be known
about the oil industry, and this fact
10 substantiated by the latest figures
on crude production.
Oh stocks were merely firm in the
market today. with Standard of In
dana sn around the level of a week ago.
pna5 MS was; also .trpe of Vacuum. but
hfa'Fie Oil and Gas, which sold ex
Evening star., 1923-09-29
posroN sToCK MARKET.

BOSTON, September 29.-Following
IL a list of today's highest, lowest and
closing prices for the most active stocks
a II Ia
Evening star., 1923-09-29

NEW YORK. September 2s.-Fol-
loving Is an official list of bonds and
st stocks traded In on the New YorR Curb
Market today:
Evening star., 1923-09-29
FOREIGN EXCHANGE.

!, September 20. 1871 an.
Quotations furnished by w. B. Hibbs q co.,
Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-05-08

of Woman's clubs, attends annual
session here Of the North Carolina
Federation of Woman's clubs.
HendersOn.-Miss Josephine Mann
Rose and Herbert Worth Jackson,
Jr., of Richmond, Va, the married
here.
Mount Gilead.-The home of
Mayor James Mayor, negro church
and homes of several negroes are
destroyed by a cyclone, which also
does damage at Pekin, six miles
, north of hcre.|
GreensbOrO.-A. B. Joyner sue
ceeds l.. J. Duffy as president of the
Rotary club here,
GreensborO-The temporary in,
junction against the Dixie Fire In
surance company and the Blades in.
terests, granted G. D. Benbow, mi
nority stakeholder by Federal Judge
Boyd is ordered continued in effect
until hearing is held May 20.
RaIeigh-Heirs of John A. Wealth
ers, his wife and adopted daugh-
ter, of Hartnett county, find division
of the estate involved as controver
sy develops over delicate legal points
growing out Of doubt as to which of
the three died first, after being
struck by train near Fuquay
Springs.
LumbertOn-The act of band of
hooded men, who whipped two won-
en- near Proctorville recently, is de-
nounced in resolutions adopted by
the quarterly conference of Chest,
nut Street Methodist church here.
Such acts are declared to lead tho
nation to become "a slaughter
house"
Wilson Representative Claude
Kitchin, taking a rest" cure at a
hospital here, is reported to be
steadily gaining strength, though he
still is very feeble.
Durham-More than 1000 persons
witness May day revels Of Trinity
College goods, Miss Hunter Hollo'
way, of Smithfield, Va, being
crowned queen.
Rocky Mount-Approxima IS
agents of the American Railway Elk
press company from the principal
cities of North Carolina and South
Carolina meet here with several
company officials for a discussion OF
traffic and other problems.
Gastonia-The district Lutheran
brotherhood, comprising the counties
of Castor, Mecklenburg, Lincoln
and Cleveland, meet here to effect
temporary organization, and elect
Bismark Capps, of Gastonia, tempo
rary chairman.
Observation-Disclosures Charles E.
Waddell, Of Biltmore hospital, will
deliver an address at the annual
meeting of the North Carolina
Nurses association at Raleigh, May
so. The convention opens May 20 and
continues three days.
GreensbOrO-Roxie Walker, negro
garage worker. continues at his
work without getting excited over
report that he is heir to an estate in
Texas oil lands valued at a million
dollars. Walker receives $4,48O as
the first semi-annual income from
the estate, which will become his at
the expiration of 10 years, it is re-,
ported.
Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-05-08
SOUTH CAROLINA

observation-disclosures church and
civic organizations appeal to Presl-
dent Harding to commute the one
year sentence and $1,000 fine. i'm
posed upon r. V. Bray, who, act
ing under impulse, struck a federal
officer investigating the affairs of a
widow. Mr.. Bray was reelected
mayor by the largest majority ever
given a mayoralty candidate here.
Spartanburg-J. A, Batson. short
stop, Wofford college baseball team:
undergoes operation for removal Of
caused by pitched ball this sea-
son.
Orangeburg-F. j. D. Fielder,
member of the state house Of rep
resentatives, dies at home here.
GreenwOod-G. B. Buell.. Charles
ton, is elected president of Connie
Maxwell orphanage here.
CharIestOn-William Paul Fields,
fisherman, loses life in sea hero
when small sailboat capsizes. Two
others are saved.
-COlumbia-Ch college holds
its commencement May 1914.
Clemson College william H.
BudD Saunders, director of athlet-
les at Knox college, Galesburg. III.
is appointed football coach at Glenn
son to succeed DR.. E. J. Stewart,
who goes to University Of Texas.
Chesterfield-The county poultry
association ships second carload of
chickens to northern markets. The
farmers are $4,000 better off.
Acknowledgement w. A. Clark,
Columbia, is reelected commanding
general at annual reunion of South
Carolina Confederate veterans here.
BarnWeII.-The LOVELY colonial
home of Mrs. T. S. Cave is Quilted
by flames. Mrs. Cave, an invalid, I'M
der the stress of excitement, reaches
the telephone in the hall without
assistance and turns in the alarm.
She had not been able to walk be-
fore.
AndersOn.-Willie Moore, Plum
mer Ashley and Jess Shirley are
arraigned for trial charged with
murder in connection with the STAY
ing of Arthur Hughes. deputy and
policeman at Honea Path, in August,
1920
Lanrens.- investigating
the reported sinking of coffin in