davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1924-09-30
TOPMOST PRICE
 HIT BY GRAIN Foreign ID e m and For Breadstuff Shows
 Big Increase

CHICAGO, Sept. 2s.-Greatly enlarged foreign demand for breadstuffs resulted today in an al laround advance of wheat and rvs to the topmost prices yet this season. Corn values underwent a setback, despite frost. The wheat mar ket closed firm, 2A to Sc net higher, December, $1.4oN@1.n and May, $1.4sh @1.4ess. with corn $ to 1%c down; oats A to %@hc off and provisions unchanged to 10c up.
 With export buying of wheat today estimated as reaching the huge total of 2,500,000 bushels and with evidence plain that Europe also was purchasing future deliveries on big scale, the wheat market showed strong upward tendency from the outset. Advances were hand telling of severe damage to transatlantic grain crops and 10 po- tatoes as well. Besides the Liverpool weakness on Saturday in the wheat market here.
 The fact that the United States vis- ible supply of wheat showed an increase of only 740,000 bushels today also was construed as a bullish factor. On the other hand liberal selling here to real ize profits acted as only q temporary ket. Noticeable enlargement of the crop movement in the Canadian northwest was likewise virtually ignored.
 Widespread frost and predictions of more tonight served to bring out such volume of profit taking sales that the corn market underwent a sudden break of cents and failed to recover in full. Increased offerings of old corn was partly responsible for the unex- pected weakness of the market.
 Oats were easier owing to sympathy with corn and as result of 9,S0s, 900 bushel enlargement of the oats visible supply total.
 Higher quotations on hogs upheld the provision market.
The Birmingham age-herald., 1924-09-30
CURB REVIEW

NEW YORK, Sept. 29.-Reactionary tendencies prevailed in today's curb market with trading somewhat smaller in volume. With the exception of a break of F points in Standard Oil of Nebraska and one of points in Mag nolia Petroleum, each on a small turn over, the oil shares little affect of a fur ther downward readjustment of crude prices. Ohio oil and Prairie and 1n- diana Pipe each closed a point higher.
 Public utilities were decidedly mixed. Middle West Utilities was run up more than points to s4h and United Light and Power, class A common, closed AS higher at 531a, while Commonwealth Power dropped 1h. Consolidated Gas of Baltimore (new stock), the most ac- tive feature, touched a new high at s7%, closing slightly below that fig nre.
 National Tea broke points to 245, while Gillette Safety Razor, Radio Cor poration preferred (new stock), and Yellow Taxicab closed a point or so higher. Speculative interest in the min ing group was limited to few issues. Hawthorne Mines showing a net gain of 8 points and Jib Consolidated drop ping 5. These, with West Exclusion, which was unchanged, being the most active features.
The Birmingham age-herald., 1924-09-30
COTTON PRICES
 CARRIED HIGHER
Continued Rains In East ern Belt Given as
 Cause

NEW YORK, Sept. 29.-A slight open ing decline in the cotton market today was followed by an advance which car ried prices into new high ground for the movement, owing to reports of con tinued rains in the eastern belt. De- cember contracts sold up from N.35c to 26.20c but met increased hedging above the 25c level and closed at 24.90c. The general market closed steady at net advances of 33 to 40 points.
 The market opened steady at a de- cline of to Il points under selling promoted by rather easier Liverpool cables and the failure of early weather in the southwest. This disappointed some of Saturdays buyers, but reports of continued heavy rains in the east ern belt soon checked the decline and prices turned upward at midday on trade buying, covering and rebuying by recent sellers.
 The official western belt forecast for frost tonight probably had some effect but warmed weather was expected in the southwest tomorrow and the main factor appeared to be numerous com plaints of crop deterioration from east ern belt sections. Some of these re- ports stated that cotton was sprouting in the bolls or rotting on the stalk and that the outturn in the Carol.nas and Georgia was likely to be under earlier estimates.
 October sold up to 26.05c and Janu- ary to 25.25c in the late trading, mak- ing net advances of 65 to 75 points, but the close was 20 to 35 points off from the best under increased hedge selling and realizing.
 A private report estimating the con- dition at 54.6 and the crop at il, ,S05, ,000 bales on an acreage of 3S,42S, 900, also estimated the average cost of produc- tion at 27c pound and may have add ed to the disposition to reduce esti- mates of the yield. Liverpool said that liquidation and hedge selling there had been absorbed by spinners' calling. Ex- port today, 49,024, making 80 0,825 so far this season. Port receipts, S1,7s8. United States port stocks, 577, ,2S7.
The Birmingham age-herald., 1924-09-30
EoRE,cM anNns
COFFEE FUTURES

NEW YORK, Sept. 2s.-Coffee flu lures were higher today on reports that the trees in Sac Paulo still were show ing the effects of insufficient rain, firm CT Brazilian markets and reports of a better European demand. The opening was 30 to 50 points higher and active months sold 50 to 55 points net higher, December touching 17.15c. The close was within a few points of the best, showing net advances of 43 to 62 points. Sales were estimated at 51,000 bags. Closing quotations: October, 17.83c; December, 17.13c; March, 16.40c; May, 15.90c; July, 15.S9c.
 Spot coffee firm; Rio Is. 1s%c; San tos 4s, 23%24c. Cost and freight offers included part Bourbons 3s and 5 at 22.50923.35c.
 Rio exchange on London unchanged; dollar buying rate 50 reis lower; Rio market, 750 to 1900 reis higher. Santos 200 to 500 reis higher; Brazilian port receipts, 60O0O; Jundiahy, 31,000.
The Birmingham age-herald., 1924-09-30
REACTION IS FELT IN STOCK MARKET. Active Buying of Several
 Railroad Issues Is
 Chief Feature

NEW YORK, Sept. 29.-Stock prices turned reactionary in today's market after an early period of firmness which was marked by the active buying or several railroad shares. Except Tor me moving up of the call money rate rom q to 8 per cent, which was believed to be temporary, and due to the usual rhifting of funds at the end of the month, there was nothing In the days news to account for the selling.
 While trading was somewhat restrict ed by the absence of many trades over the Jewish holiday, total sales ran well above s00000 shares.
 Standard industrials were sluggish throughout most of the sesion. United States Steel common opened < lower at l0sk, advanced to a new high on the movement at 109h, slipped back to 107% and closed at 107B; off $. Losses of point or more also were recorded by American Can, Anaconda, Baldwin, Du- Pont, Kennecott Copper, United States Alcohol and dozens of other issues.
 A thin market existed for some of the high priced public utilities and in- dustriaI specialties with the result that drastic declines took place when those stocks were pressed for sale. American Water Works common broke nearly g points to 116A and net losses of points or more took place in General Electric, General Baking, American Tobacco B and Nash Motor.
 oil shares continued to reflect the depressing influence of other crude oil price cuts. Cosden was hammered down nearly point to new low for the year at 23, while net losses of a point or more were recorded by Atlantic Refining, the Barnsdall issues, Mexican Seaboard and Producers and Refiners. Standard Oil of New Jersey, Superior and Shell Union were the only issues in that group to close above Saturdays final quotations, the net gain being fractional in each case.
 Atchison was in good demand in the early trading, touching 109, the highest price snice 1916, on rumors of special dividend developments, but it eased later to 107&, Chicago and Alton, Chi cago and Great Western and Peoria and Eastern were active and firm on mer- ger reports. Atlantic Coast Line was heavy, dropping nearly three points to 134. Frisco preferred touched new high at 30A, but forfeited part of its gain in the late trading.
 Consolidated Gas of Baltimore con tinued It's sensational climb, touching another new high at 149 and then slip ping back to 14s, up 2A on the day.
 A firmer tone prevailed in the money market with some 90-day funds being quoted A higher at 3 per cent. The commercial paper market continued quiet with no change in -rases.
 Foreign exchange rates were reaction ary, presumably in reflection of un- favorable political developments at Ge- neva. Demand sterling dropping nearly 1h cents. to below $4.45 and French francs were again quoted below 5Ac.
 Bond market averages:
The Birmingham age-herald., 1924-09-30
RANK OF GERMANY

BERLIN, Sept. 29.-The statement of the Bank of Germany as of September 22 shows an increase in gold holdings of 16.s1o,00o marks to 560,osO,OOO marks whereof 11s, ,62S 900 are deposited abroad; silver coin reserve decreased 436, 900 marks. The report also showed the following changes in trillions of marks:
 Treasury and loan association notes decreased 22,0o1; Rentenmark notes in creased 5s, s,335, ,S33; notes of other banks decreased 12; bills of exchange and cheques increased 10, ,224 1869; Rentenmark bills and cheques increased 27,134,637; advances increased 1,20470o; Renten- mark discounts and advances decreased 1892, 2,150; investments increased S54,575; other asets decreased 23,613,593; notes in circulation decreased 53,702,766; de- posits increased 145,6 ,o61; liabilities resulting from discounted bills payable in Berlin increased 2,000,000; other lia- bilities decreased 20, ,512; Rentenmark loans unchanged.
The Birmingham age-herald., 1924-09-30

EAST ST. LOUIS, Sept. 29.-Horses: Good to choice drafts, $l5O@2oo; me- dium to good drafts. $1Oo915o; good to choice chunks. $75@1oo; medium to good chunks. $5o@75; choice southern horses, $5o@s0; fair to good southern horses, S30@50.
 Mules: Draft mules, 16 to r hands, $175@240; sugar. 16 to 16.2 hands, $165 @2.25; top cotton, 15.2 to 16 hands, SIPS
 0155; cotton, 15 to 15.2 hands, $S0@12l
The Birmingham age-herald., 1924-09-30
HIGH MONEY RATE BONDS Month End Demand Put
 Call Rate Up to
 3 Per Cent

NEW YORK. Sept. 2s--stiffening money rates turned ond prices reaction ary today. After anT early period of railroad issues established new 1924 high prices, the market yielded to of ferings induced by the scarcity of time funds and the rise in call money from 2 to 3 per cent.
 Liberay bonds, as usual, were. the first to react to the tightening of money rates. Although the situation was be- the shifting of funds to meet month end requirements, it checked institu- tional buying of government obliga- tions. With the absorptive capacity of the market thus limited, prices eased off. 3als
 The unexplained Accumulation of Mexican government issues, revived tor tady, established several 1924 high rec- olds in this list. Other features of tho foreign dealings were the buying of Brazil Central railway 7sg and of new Belgian 61ss, which again eclipsed their, previous high mark.
 Railroad lines, which were strong in the early dealings, declines later in the day as money rates were marked up. Frisco income 6s led the entire mar ket activity but after selling up to 76ss, fell back to 75, for a net loss of more than point. Similar movements took place in variety of other issues, in- cluding Seaboard, Katy" Northern Pacific and Pere Marquette bonds.
 Offerings of $20,000,000 loan for the Paris, Lyons and Mediterranean rail- road, the largest system in France, will be made by bankers tomorrow. Priced at 93N, the 2 per cent bonds will yield 7.75 per cent to maturity, to September 15, 1858. Proceeds of the sale will be used to retire floating indebtedness and to pay for improvements
The Birmingham age-herald., 1924-09-30
LIVERPOOL COTTON

LIVERPOOL, Sept. 2s.-Cotton spot fair demand; prices easy; strictly good middling, 15.59d; good middling, 15.09d; strictly middling, 14.74d; middling, 14.S9d; strictly low middling, 14.19d; low middling, 13.69d; strictly good ordinary, 1S.2Sdi good ordinary, 12.69d; sales, 1000 bales, including 4,500 American. Re- ceipts, 5000 bales, including 400 Amer jeans. Futures closed steady; Septem- Der, 1455d; October, 14.25d; December. 14.1Sd; January, 14.15d; March, 14.16d; ; May, 14.17d; July, 140Od.
The Birmingham age-herald., 1924-09-30
roREICN ExCHANGES

NEW YORK, Sept. 29.-Foreign ex- changes easy; quotations in cents: Great Britain demand, $4.45; cables, 94.45A; 6o-day bills on banks, $4.42A; 1; France demand, 5.221z; cables, 5.23; Italy, 4.37 and 4.S7h; Belgium, 4.79A and 4.s0; Germany (per trillion), 23B; ; Holland, 3s.54; Norway, APO; Sweden, 26.59; Denmark, 1735; Switzerland, 1908; Spain, 1886; Greece, 1.75; Poland, 1914; oslovaISia, 2.99; Jugoslavia, 1884; Austria, .OO141s; Rumania, .52; Argentina, 36; Brazil, 1O.50; Tokyo, 4o1s i; Montreal, 100.
The Birmingham age-herald., 1924-09-30
GRAIN AND PRov,a,oNs
CASH GRAIN


 CHICAGO, Sept. 29.-Wheat: No. 8 red, $1.40; No. hard, $1.3s@1.SS%. Corn: No. 2 mixed, $1.11@1.12; No. 2 yellow $1.1201.18.
 Oats: No. 2 white 5oN @51Ac; No. g white? 48h @49hc.
 Rye: No. $115; barley s0@s1c; timothy seed $47506.35; clever seed, $15.50@25.5o.
 Lard, $1A1o; ribs. s1225; bellies. $13.62. @ s KANSAS CITY, Sept. 2s.-wheat: No. hard, $1.2s@1.4s; No. red, $1.43 01.45. Corn: No. 2 yellow. $1.1o;. No. mixed, $1o6@L07.
 Oats: No. 3 white, 50c.
 TOLEDO, Sept. 2s.-Cloyer ... seed. $17.60; October, SIS; December, $1s.50. Alike, old, SLIGO; new and October, $12.10; December, $12s5. / | Timothy seed, cash and September, $3.60; October and December, $8.40.
The Birmingham age-herald., 1924-09-30
MARKETsl AT A GLANCE

NEW YORK, Sept. 29.-Stocks easy; Frisco preferred at new high.
 Bonds firm; Mexican issues at 1924 tops.
 Foreign exchanges lower; sterling de- clines a cent.
 Cotton higher; unfavorable weather. Sugar steady.
 Coffee firm; strong Brazilian market. CHICAGO: Wheat higher; foreign buying.
 Corn lower; larger country offerings. Cattlesteady to strong.
 Hogs irregular.
The Birmingham age-herald., 1924-09-30
RAW SUGAR

NEW YORK, Sept. 29.-No changes occurred in spot prices of raw sugar today from 6.oSc Cuban duty paid. Shipments sugars advanced 1sc to 6.o9c; sales of 1000 bags Cuban, second half October shipment was made to an oper- ator at 6.o9c. Near months in raw su- gar futures were higher on trade and Cuban house buying reflecting the firmness of the spot market, while later months held around the previous close Final prices were points higher to net lower. December closed 4.10c; March, S.32c; May, 3.42c; July, 3.51c.
 A fair inquiry was reported for re- fined sugar at former levels, which ranged from 7.15c to 7.50c for fine -granulated.
 Refined futures were nominal.
The Birmingham age-herald., 1924-09-30
SPOT COTTON

NEW ORLEANS, Sept. 29.-spot cot ton steady, 40 points up; sales on the spot, 671; to arrive, 2,61S; low middling, 22.90c; middling, 24.90c; good middIing, 25.4Oc; receipts, 15,56s; stock, 116, ,307.
 NEW YORK, Sept. 2s.-spot cotton quiet; middling, 2610c.
The Birmingham age-herald., 1924-09-30
CAII. MONEY

NEW YORK, Sept. 29.-Call money firmer; high, per cent; low, 2; ruling rate, 2; closing bid, 8; offered at SA; last loan, 8; call loans against accept ances, 1%; time loans, firm; mixed collateral, 6o-9o days, 2h@2%; 4-6 months, 303A; prime commercial paper, 2k
The Birmingham age-herald., 1924-09-30
LnNnnN MONEY

LONDON, Sept. 29.-Consols for money, 571a; debeers, 11h; rand mines, 3M; bar silver, S5M pence per ounce; money, 2K per cent; discount rate, short bills, 3% per cent; three months, R1l-16 per cent.
The Birmingham age-herald., 1924-09-30
RAW SILK

NEW YORK. Sept. 2s.-Raw silk easy; prices per pound: Kansai double extra cracks, $5.90@6.00; Kansai best No. 1, $6.6596.75; Shinshu No. 1, $5.55Q 665; Canton extras A, 14-16, $5.80@5.9O; shanghai-China steam fn gold double
 dSerS $,76@L66s
The Birmingham age-herald., 1924-09-30
HUBBARD BROS. &m

Members New York Cotton ExchanRa. New Orleans Cotton Exchange. Nsw Members Liverpool Cotton Association. OEdsxB solicited for the purchase an1 RaIO 0e Cotton and Cotton Seed Oil foT EWturo dGllveEy. Special eonalRnmsn1S sG&DsG HottOR fer deIlVaEM. H
The Birmingham age-herald., 1924-09-30
NEW YORK CURB

NEW YORK. Sept. 29.-Followng is the official list of transactions the New York Curb Exchange giving all stocks and bnods traded in;
 INDUSTRIALS
The Birmingham age-herald., 1924-09-30
NEW YORK BONDS
,,u,rrn erArre unMne

NEW YORK, Sept. 2s.-Following are today's high low and closing prices of bonds on the New York Stock Exchange. and the total sales Of each
The Birmingham age-herald., 1924-09-30
FLOUR MARKET

MINNEAPOLIS, Sept. 2s.-FIour un- changed; family patents, $7.55@Ts0 a barrel. Shipments, AFT barrels. Bran, $24.50@25.00.
The Birmingham age-herald., 1924-09-30

NEW YORK, Sept. 2s.-Flour firm; spring patents, $7.2507.75; soft winter straights, $6.4o@6.75; hard winter straights, $6.75@7.25.
 Rye firm; No. 2 western, $1,29 f. o. b. New York and $1.27 c. 1. f. export.
 Barley firm; malting, $1o3@1.05 c. 1. f. New York. Pork steady; mess, $29. .75 03o.00; family, $30; lard strong; middle west, $14.65@14.75.
The Birmingham age-herald., 1924-09-30
NAVAL STORES

SAVANNAH, Ga., Sept. 29.-Turpen- tine quiet, s2c; sales. none; receipts, 255; shipments, 8,6S6; stock, 1o,52s.
 Rosin firm; sales. 1,252; receipts, 1,0S9; shipments, 10,so5; stock. 99,934.
 Quote: B, D, E, F, G, 1T, I, $5.15@ 5.20; K, S5.221z@525; M, $5.25@5.3O; N, s5.40@5.5O; we, S6.35; wv, s6.9O@7 .00; x, $6.90Q7.20.
The Birmingham age-herald., 1924-09-30

JACKSONVILLE, Fla, Sept. 29.- Turpentine steady; s2Ac; sales, 100; re- ceipts, sos; shipments, 115; stock, 27,494
 Rosin firm; sales, 6s7; receipts, 1,619; shipments, 751; stock, 125,510.
 Quote: B to I. s6.274a K, $5.s0; M, e6ls35sl Ns S5.Soi WG. $s.25i wv, $6.s6; <. ss-ek
The Birmingham age-herald., 1924-09-30
NEW YORK STOCKS

NEW YORK. Sept. 2e.-Foiiowing are today'sl h1gh low and closing prices of stocks listed on the New York Stock Exchange: |
The Birmingham age-herald., 1924-09-30
BRAIN SUPPLY

GRAIN SUPPLY
 WASHINGTON, Sept. 29.-Exports of grain from the United States last week totalled s.729000 bushels, against Ill., 073,000 bushels for the previous week. Detailed figures for the week as com pared with Ethe previous week made public by the commerce department follows:
 Wheat, 5,772,000 bushels, against 7,762,00o; corn, 165,o00. against 1000; oats, S0,oO0, against 3s,0o0; rvs, 3,O67, oOo' against 2,s25,0O0; barley, 5000, against 367,000.
 flour in transit 467, ,000 barrels, against 3,000 barrels. ..
 NEW YORK, Sept. 2S.-The visible supply of American grain shows the fol- lowing changes in bushels:
 Wheat increased. 740,00o; corn in-
The Birmingham age-herald., 1924-09-30
FLAX MARKET

FLAX MARKET
 DULUTH, Minn., Sept. 29.-CIose flax: September, $2.S7h; October, $226A; November, $2.26h; December. SPA; May. ,$2.31h.
The Birmingham age-herald., 1924-09-30
PORT MovEMENr
INIERInR MnvEMEnr

o-0-.l 19OS1l o40Ol 0I(o Receipts-Week, 122.754; season, l,3i0.3ls, Exports-Week. 5S.574; season. 796.734
The Birmingham age-herald., 1924-09-30
HORSES AND MULEs

otal sales ofs bonds today were S3,351, 0oi pared with $6.s7o.o00 previous day and lS a year ago.
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1924-01-17
UNITED STATES
MARKET REPORT

Washington.-For the week ending
Jan. 9.-FRUITS AND VEGETABLES
Sacked northern round white potatoes,
$1.15@1.3 f. o. b. Apples, northwest
ern extra fancy Jonathans. $500 Q2.20
per box. Danish type cabbage. $4,000 ~
1890 bulk per ton leading markets.
Yellow onions, 1925 @ @2.75 sacked per
100 lbs consuming centers. mostly $3.50
02.45 f. o. b.
LIVE STOCK-Chicag prices: Hogs.
$3.50 for the top and $7.05 @7.45 for the
bulk. Medium and good beef steers,
1918 @ 11.35; butcher cows and heifers,
1915 HOO; feeder steers. $4.00Q775;
light and medium weight veal calves,
$10.00@13.50. Fat lambs, $11.75 q 30;
feeding lambs, $11.OO@12.50; Xearlings.
$9.O0@12.0O; fat ewes. $500 @8.50.
HAY-No. timothy, $3.50 Cincin-
natl, $500 Chicago, $4,000 Minneapolis,
5000 ST. Louis; No l alfalfa. $3.50
Minneapolis; No. prairie. $17.00 Min
neapolis, $500 St. Louis.
GRAIN-No. / dark northern spring
wheat, $1.13Q1.24 Minneapolis; No.
red winter wheat, $1.16 @1.17 St. Louis;
No. 2 yellow corn, 76c Chicago, 1915
ST. Louis; No. 8 white oats. Ate Chicago.
41Ac Minneapolis. 45c st. Louis.
DAIRY PRODUCTS-Butter, go score,
55c Chicago Cheese prices at Wiscon-
sin primary markets Twins, 2O%c;
single daisies, 22c; double daisies, FL u C.;
young Americas. 2241c; longhorns.
22Ac; square prints. 23c.
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1924-01-17
SENATE RADICALS WIN
AS DEADLOCK ENDS
Insurgents Elect Democrat /.
c. C. Committee Chairman.

Washington.-With the aid of Sena-
tor LaFollette of Wisconsin and four
of his followers, Senator Smith of
South Carolina was elected by ma
jority of one vote, chairman of the
powerful interstate commerce commit
tee as the successor to Senator Cum
minis of Iawa, thus breaking one CT
the longest and most stubborn dead
locks in the history of the senate. Sen
ator Smiths selection makes it highly
improbable that any railway legisla-
ton will be passed this session.
Mr.. Smiths election occurred on the
thirty-second ballot. The break came
when Senator LaFollette conferred
with his followers and urged them to
drop their support of Senator Couzens
Of Michigan and vote for Mr.. Smith.
While some Of the radicals demurred
at the suggestion enough of them fol-
lowed Mr.. LaFollette to carry out his
program.
Besides Mr.. LaFollette the other
radicals who helped to elect Mr.. Smith
were Brookhart Of Iowa, Johnson of
Minnesota, Frazier of North Dakota
and Shipstead of Minnesota.
Senator Cummins, who was recon-
mended to be chairman of the COM
mittee by the Republican committee
on committees, and who under the
seniority rule was entitled to the post,
was not present when the senate re-
fused to carry out the recommended
ton.
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1924-01-17
C. O.P. SHELVES
BONUS FOR TAX
Caucus Orders House Com.
mittee to Report Revision
by February IL.

WaShington.-Secr Melons rec
concentrations for immediate down
ward revision of taxes won de-
cisive victory over the proposed bonus
raid on the treasury In caucus
of Republican members of the house
of representatives.
After a two-hour discussion, the
party conference passed by viva
voce vote a resolution presented by
Majority Leader Longworth of Ohio
instructing the ways and means COM
mittee of the house to devote it's time
exclusively to tax revision and to re-
port tax bill by February IL. 1t
then may take up the bonus or other
legislation uninstructed.
The resolution as approved provides
that the committee shall proceed to
the consideration of bonus legislation
after February II, but contains no
definite Instructions with reference to
the reporting of a measure.
The conference rejected a resolu-
ten put forward by the bonus sup
porters to commit the Republicans to
the passage of both tax reduction and
bonus legislation at this session OF
congress.
The text of the Longworth resolu-
ton, as approved, was as follows:
Resolved, That it is the sense of
the Republican conference that the
ways and means committee proceed to
the consideration of the bill to reduce
taxation, to the exclusion Of all other
general legislative propositions, and
shall report the same to the house on
or before February IL, 1924, and there
after shall proceed to the considera-
ton of legislation granting adequate
compensation to veterans of the World
war"
The victory of the administration
forces by such a large majority was
surprising to the bonus champions and
in some quarters it was freely pre-
dicted that the caucus action sig
nails the doom of bonus legislation at
this session. 1t was declared by adj
ministration leaders that the action
conclusively shows the effect that
the response from the country to
the suggestion of tax reduction and
relief from war burdens has made
upon congress.