davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-21
STOCKS. F|RMER
AFTER WEAK
OPENING
Railroad Stocks Again Distin-
guish Themselves by Making
Gains in Early Trading.
By H. j. DIIIZEND.
nv NH1NJANHVe
NSopyrlghti 1924, by Cosmopolitan
Navus SarIySaoN

T.
News Service1
NEW YORK, March 21.-After a
period OF renewed weakness in GER
tain groups, a firmer tendency de-
veloped In the first two hours trad
ing on the stock exchange today.
apprehension over the outlook in
the business situation as a result
or uncertain political condition was
again exploited to the fullest meas
ure by professionals operating for
ehe' decline. But, while they were
bending every effort to force prices
down by concentrating their raiding
tactics on steeIs and rubbers, the
market as a whole. offered good re-
SlStance to pressure. Stocks turned
very dull after the early attacks,
which was taken to indicate that
little, outside selling could be at
tracted. AS a result, bear pressure
relaxed in several issues and a rally
Immediately followed which was not
impressive enough however, to sug-
gest that a definite turn had come.
Weakening Of the pig iron prices
and decline in incoming orders
were again the impelling forces be-
hind the selling in the steel group.
United States Steel at 981a was
W1I1AAAA d AIdCIIOu 4IOHl lis IOW VI
the current year. Bethlehem and
Gulf States broke into new low
ground,
Continuance Of the drastic de-
cline in United States Rubber was
based on fear that the preferred
dividend will be cut in spite of
recent semi-official statements to
the contrary.
A noteworthy feature in the in
dustFials was the ease with which
selling in Studebaker was absorbed.
Its constructive behavior IN the face
OF weakness elsewhere served to
show UP bearish operations in the
second hour and give the general
list some degree of stability.
9 Again railroads distinguished
themselves by displaying pronounced
firmness.' Atlantic Coast Line, New
Orleans, Texas and Mexico and
Southern Railway gave an excellent
exhibition of strength. Norfolk and
Western; however, lost about three
points, selling being attributed to
reports that the Baltimore and Ohio
might oppose the lease to the Penn
SylVania on the ground that such
an agreement might exclude the
Baltimore road from an outlet which
It now enjoys.
Foreign exchanges were firm.
French francs attaining a new high
for 1924 at 5.21h cents.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-21
RAID ON FRANC:
STOPPED BY
LOAN
Recent Loan Of 500, o0o, 900
Was Gesture to Halt Drop
of Franc.
By GRAHAM CAMPBELL,
Copyright. 1894. by Cosmopolitan
. NeWa SerVice.l

News Service.)
NEW YORK. March 21-"The re.
cent loan of 500. 100000 to France
by J. p. Morgan & Co. was largely
a gesture to stop the raid on the
franc"
This statement was made today
by a man high in the condolences
Of the French government.
1.-THE psychological effect of this
loan was perfect insofar as it
forced the shorts to cover and, au-
tomatically resulted in Improvement
in French finances" he stated. LAS
q matter of actual fact, only a few
"a very few-millions Of the loan
have been used. The chances are
that it will not be necessary to
make further Withdrawals against
this credit in the United States.
1.-THE loan was arranged within
twenty-four hours and the terms Of
it will not be made public, at least,
not from this source. It is purely
a private loan and no bonds will be
floated, in America or in Europe.
l am not free to state what COL
lateral was given to support the
loan, but permit it to be said that
1t was amply secured. The terms
of the loan are very reasonable; in
truth, moderate.
France is in good financial con-
dition. 1t would have been able
to work out it's own difficulties
without this help, but it would have
been a long fight and, in the mean
time, increasing difficulties over
the raids on the franc might have
made the problem more acute.
There are less than two thousand
unemployed in entire France and
French industries, right now, are
importing skilled labor from Eng
land, Poland. Italy and other coun-
tries. France today is producing
more coal than at any time since
1913"
Aren't there any specific terms
in the agreement that can be pub.
lished?" he was asked.
None, if it were a loan in the
form of bonds to be floated,' there
would be no particular objections
to publication of the terms. But
no such procedure will be put into
effect. 1t was purely a private
business transaction between Ameri-
can bankers and the government OF
France. The loan, in its entirety,
was subscribed to by ]. p. Morgan
& Co, and allied banking interests
1.-The recent depression in the New
York stock market was due in no
small measure to sudden liquidation
of stocks held by persons in France
who had sold francs and needed
cash with which to cover their
short sales
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-21
american Telephone & Telegraph Co.
A.. 80 ...' 1HNth nfvRdnnH

The regular quarterly dividend of
Two Dollars and Twenty-Five Cents
per share will be paid on Tuesday,
April Is, 1924, to stockholders of record
At the close of business ON Friday,
March IA, 1924.
! ON account of the Annual Meeting
of the Stockholders, the transfer books
will be closed at the close of bust ness
on Friday, March IL. 1924, and re.
opened. at 10. A. NJ. on March -26, 1924
H. BLAIR SMITH, Treasurer.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-21
New York Cotton Market.

NEW YORK, March 21.-Cotton
futures showed steadiness at the
opening today, advancing from 2 to
10 points. Buying was for the ac-
count of trade and Wall Street in
terests in response to better Liver
pool cables.
March opened at 2878, up 10
points; May at 2S97, up 8 points;
July. 2S.35, up points, and October
at 25.75. up points.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-21
MONEY
: RATES SINCE
1917
Time and Call Loan Interest
Rates Indicate Plenty Of
Unemployed Money.
BY MUNROE ROBERTS,

(C0pyrlght, 1879, Oy Cosmopolltdh
News Service.)
NEW YORK, March 21.-The
per cent rate for time loans posted
today in the New York financial dis.
trict has not been equaled since
1917 when war funds, temporarily
idle, were piling up in banks Of the
principal financial centers. Call
loans are posted officially at 3 per
cent, but millions of dollars are
available on call as low as 2 per
cent.
1t may be said that call money
rates have sentimental, and time
money rates a practical effect on the
bond market. Funds employed in
the call market are not available for
use in long term financial projects,
but low call loan rates often fore
shadow the approach Of lower rates
for time loans. Only those who are
compelled to provide for unusual
needs, enter the bond market dur
ing high money periods, and then
only for short term notes or callable
bonds, which can be converted into
low coupon bonds when conditions
become more favorable.
How long this plethora of funds
in financial centers will continue is
problematical. Why these funds are
unemployed, and how long this con-
dition will continue, are questions
that have an important bearing
both on business and investment
markets.
Unemployed funds Will naturally
seek investment of some kind, and
it is far better for the country to
provide business activity, rather
than heavy outpourings Of invest
ment securities.
Public offering was made today Of
an issue Of $728, 900 Walworth coun-
ty, Wisconsin, 5 per cent highway
Improvement bonds, due 1929 to
1913, priced to yield from 4.55 to
400 per cent
Offerings in prospect next week
include 100000 State Of Alabama
an per cent highway and bridge
bonds, $5,00O,000 State Of California
Az per cent bonds and $S,O00,O00
Birmingham Railway Light and
Power Company bonds.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-21
Chicago Grain Market.
BY Cosmopolitan News Service.

NWOHHHWIVWIIVWE 4NOVU bCIVICUo
CHICAGO. March 81. Grains
were unchanged to lower at the
start of the market today.
Wheat started * to % cents
lower, with scattered commission
house selling and with support
largely confined to covering by local
overnight shorts. Trade light.
Corn started unchanged to q
cents lower. with scattered selling
and lack Of important buying. Yes
terday's export business evidently
failed to inspire new buying.
Oats started unchanged to a
shade easier. with offerings and de-
mand light.
Provisions inactive, with offerings
lacking.
Opening prices were:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-21
Local Stocks.
SALES

FURNISHED by w. b. Hibbs & Coz
Capital Traction 5s, $1,0O0@97,
81 ,000@97, $2,0OO@97 .$5OO@97.
Potomac Electric first IS, $4,000
@975s, $2,OOO@97ss, $2,000@975s,
81 ,O0O@97%, $1,OOO@97%. t.. )
Capital Traction Company, 10
93%.
Washington Rrailway and Electric
preferred, 10@72&.
District National Bank, 10Q16O1a.
National M. & Inv. pfd., 5000.
After CALI
Washington Gas Light, 505OA,
1O@5O, 1O@50.
Money-Call loans, soc per cent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-21

Wheat-May, $1.044s: July, 1.O6;
September. $1.07A @1.O7%.
Corn-May. 78@7Shc; July. 7S.
@79hc; September. 9%@79Tc.
Oats May, 47h@47%c: July,
$3.50.
Rye-May &c.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-21
Curb Stocks.

Furnished by w. b. Hibbs e. Co,
Evening star., 1924-09-07
SCIENTISTS END
MARINE STUDIES
Carnegie Institute Biology
Laboratory on Florida
Keys Is Closed.

The marine biology laboratory n
the Carnegie Institution Of Washing,
ton, which Is opened every summe4
on the Island of Tortugas, tn,
farthest seaward Of all the Florid,
keys. mas been closed for the season
Scientists from all over the country
visit the key every summer and ther,
study the fish, animal and plant lif,
of the deep. where, through .perfec.
tion Of natural conditions and j tn.
modern conveniences provided by the
Carnegie Institution, marine life mai
be observed to unusually satisfactory
advantage.
The institution makes the Iabora.
tory available to scientists all over
the country. irrespective Of whether
they are members of the institutions
staff or not This year there were IL
students of marine life at the Tor.
tugas laboratory, two of whom were
from this city. The complete list Of
the observers follows:
DR.. Paul Bartsch of the National
Museum; DR.. Caswell Gravex oi
Washington University, ST.. Louis;
DR.. w. III. Longley of Goucher Col.
lege. Baltimore; DR.. S. Morgulis Of
of the University of Nebraska, Dr.
II. s. Pratt Of Haverford College,
DIR. A. A. Schaeffer of Clark Univer
sity, DR.. w. l.. Schmitt of the Nationall
Museum, DR.. c. V. Taylor Of tho
University of California, DIR. w. X
Taylor of the University of Pennsyl-
vania and DR.. L. II. Tennent of Bryn
Mawr College.
Evening star., 1924-09-07

been successful in inflaming flies to
the point of concerted attack and
the player usually finds 1t necessary,
after a few minutes Of play, to be-
come the attacker himself.
This method of attack has been
found best: Grab nozzle in hand, see
fly on piano or any other article of
furniture, floor, ceiling or wall; sneak
UP behind him and point nozzle. The
fly feels the cooling breeze when the
nozzle gets within six inches of him.
He sits perfectly still. comfortable
and at peace with the world. The
nozzle is pushed forward slowly
until one become adept-until II Ia
within two inches Of the fly, and
then there Is no fly.
This slow motion, however, is
elemental. The JOY Of the game is
to be found in adeptness. One soon
becomes proficient in picking flies out
of the air, through screen doors (this
is brutal and, the inventor of the
game believes, unnecessarily hard on
the f1y) and from countless other
places from which the fly heretofore
has been able to sit and sneer at the
old fashioned swatter.
Warning: Decoys, such as sugar
and molasses, are not barred by the
rules Of the game. They, however
put the fly at disadvantage and rob
the game of great deal of the sport
ing element, and the discoverer dis
countenances their use.
IF there's health in swatting the
fly, there's bliss in squashing him.
is the discoyerer's description of the
delights of the game.
Evening star., 1924-09-07
CALM CAMPAIGN IN IDAHO

Special Dispatch to The Star.
BOISE, Idaho, September 6.-All po-
litical parties in Idaho have spent the
past week getting headquarters
cleaned and equipped with the neces-
sary furniture and supplies. The
Progressive party already has a
speaker or two in the field. but other
wise all is as a calm before the storm.
The trend of sentiment from week to
week seems to be Enthusiastically fav-
orable to President Coolidge and the
State Republican administration,
although the Progressives and So
cialists have settled a local fight
which threatened to cost La Toilette
electors nearly $4,000 votes. Neither
the third party followers nor the
Democrats seem to have that conf
dence which inspires support from
the independent voter.
The Republican campaign in Idaho
this year will be a strong printing
press campaign until. october. when
they will hold rallies in every pre-
cinct and will cover the State with
a large number Of prominent Repub-
lican speakers.
The Republican State central com
mittee has asked the national speak
ers' bureau to arrange to have Gen.
Dawes make three speeches III Idaho.
JEROME BARTELL.
Evening star., 1924-09-07
Pershing Entitled
To Full Rank Pay
After Retiring

Gen. John J. Pershing, chief of
staff, will be entitled to the full
pay of his rank after his transfer
to the retired list Saturday on ac-
count OF age. according to an opin-
ion rendered by. Maj. Gen. Walter
A. Bethel. judge advocate general
OF the Army, to Brig. Gen. K. w.
Walker, chief Of the finance de-
partmept. 1t appears that the act
of Congress creating the office or
general of the Armies" for the
special benefit of Gen. Pershing
provided that the rank should con-
tinue during the life of the In
cumbcnt, but did not specify that
he should receive the fun pay or
the rank after retirement. Be-
cause of that omission the ques-
ton arose among the military au-
thoritieS as to whether h" was not
subject to the general retirement
statute fixing the pay of retired
officers at three-fourths of the pay
of their rank at the time of re-
tirelnent The active pay of gen.
eral in the Army is sl3,oo0 year,
with allowances. and the retired
pay is S1O,125. without allowances.
Whatever action is taken by the
War Department in this matter,
it is said, is subject to the final
approval OF the controller general
of the Treasury.
Evening star., 1924-09-07

at present more popular figure
among Latin Americans than this
Argentine boxer.
Furthermore. all sorts of wild con-
lectures will be rife as reasons for
the arrest of Firpo and vast mass
of South Americans will believe that
the steps against him had been taken
through fear that the coveted title
of heavyweight champion of the
world would leave America.
"a section of the Argentine press is
already commenting bitterly on the
prosecution to which Firpo is being
subjected and we are not SO sure
that the complaints are ill-founded.
Fanaticism has overstepped it's
bounds and it is time for officials to
step in and quash this matter. which
has been allowed to take far too great
q hold, before public opinion is in
famed any further.
I'VE fail TO see that the bother
which has been stirred up has been
worth the object sought after. while
it may be a means of undoing much
OF the confidence and good will which
his been built up during the past few
years between Argentina and the
United States"
Evening star., 1924-09-07
sFly-Squshing,' Ne,o Parlor Game,
Brings Joy to Impoverished Scribe
Uses Vacuum, Cleaner to
Put Verve Into Fast
Dropping Vacation.
Latest I,secticide Rules
Passed on by Maker
to Stars Readers.

Once upon a time there was a poor
newspaper man. This was TWO
weeks ago. His condition is un-
changed.
This newspaper man was very,
very poor just at the time when he
was to be given his vacation. Of
course, 1t was a vacation with pay,
but not pay for the newspaper man.
Rather, 1t was pay for his grocer, his
butcher and others who provided
provender and shelter for him.
The prospect wasn't very alluring.
There was all the country, all the
mountains, all the seashore and even
New York to go to, and the poor
newspaper mans poverty weighed
heavily upon him.
Finally. he became convinced that
there was no way out or it-ne must
stay at home and use his vacation
for rest and relaxation. or course,
this wasn't such a hardship as 1t
might have been, for the newspaper
mans home was in the suburbs where
the air and the people are pure;
where one can, if one wants to, NOV
lawns and indulge in other similar
bucolic pleasures.
There was a great deal of tennis
to be played. and the newspaper men
liked tennis. He also, strangely
enough, liked books. Bridge was not
such boring game. he had found.
Weather Ruins ThinSx.
With this prospect. not the best,
yet not the worst, the newspaper man
began his vacation.
The start was inauspicious. The
weather Immediately became too hot
for tennis. 1t was too warm for
4 YpnCt kppn
cool while playing bridge or lose
ones friends, the newspaper man rea-
soned.
One could not keep cool. hence one
must give up bridge. The news
paper man preferred bridgeless eve
nings to friendless ones. Books he
suddenly found rather boring. The
lawn-well he never had considered
using any part of his vacation for
moving lawns.
Thus were all the vacation possi-
bilities early obliterated. Before
him yawned a vast canyon Of bore
dom.
While he was dwelling upon this
prospect. unhappily, you may be sure,
he heard his wife call:
will you run the vacuum cleaner
over this rug for me-
Too disconsolate to resist, the
newspaper man acQuleSced.
In his acquiescence began his va
cation happiness. Ethereal JOY came into
his life Genius had asserted itself.
A man may be down. but this news
paper man lacked the car fare to be
out
Now begins the story Of the birth
of a game mere adventurous than
African game hunting, more thrill
ing than ice boating. less dangerous
than lending a cit, ~"itor IS and no
more tiring than getting eight hours
Of sleep after an ail-nlght poker
game.
Don't Swnt-Squash.
The game? 1t has been named "fy-
squashing."
The newspaper man passes the
same an to others with list of mate
rails needed, the rules and the nope
Evening star., 1924-09-07
DEMANDS QUICK ACTION.
Canon Chase Asks Davis to Require
Immediate Trial of Firpo.

In a telegram to Secretary Davis of
the Department of Labor, who is out
of the city. Canon w. S. Chase, who
has led in the effort to have Luis Angel
Firpo. Argentine boxer, deported, de-
clared yesterday that the department
had no power to grant Firpo liberty
under bond and postponement of the
hearing set by immigration officials
in New York for September Is.
II look to you" he said, TO pre-
vent such a Miscarriage of justice by
arranging for the trial to be con-
Quoted imm mediately by some person
free from p-ejudices against the
prosecution of Firpo."
The Firpo case. Canon Chase con-
tended, is mot criminal case, where
a. man is accused of crime and may
be sent to jail, but is an immigra tion
case, where the punishment is to re-
turn him TO his own country"
The telegram was made public here
last night by Canon Chase, who said
copy had been sent President Cool
idge. No comment was made on it at
the Labor Department.
Evening star., 1924-09-07
FUNDS TO IMPROVE
RIVER FRONT URGED
Wharf Committee Report
Says Eyesores Are EIimi-
mated by Degrees.

Permanent Improvement of the
Washington Channel water front from
Washington barracks to the foot of
Fourteenth street southwest, urged
frequently in the past, is recon-
mended again in the annual report of
the wharf committee. submitted to
the Commissioners yesterday.
1T is hoped" says the committee,
that funds may be secured in the
next District of Columbia appropria-
tion act for the preparation of a
plan for the improvement of this
water front"
The committee. which is headed by
Roland NJ Brennan, chief clerk of the
engineer department, reports that un-
slightly sheds and buildings along the
channel are being eliminated as
leases expire.
One new concrete dock and head
house has been completed and Will
be occupied this Fall by the harbor
police squad.
The committee reports that con-
siderable part of Washington's sugar
supply is now shipped here by water
and heavy .consignments Of canned
goods are expected to arrive this FAN
from lower river points.
Revenue from Wharvex.
ndT1 rentals uuElHS, liie past IiSSd
year netted the District of Columbia
$33, 3,190.7o.
The committees recommendation
that plans for the permanent and sys-
tematic development of the river
front be pushed will be received sym
pathetically by Engineer Commits
sioner Bell. who has frequently ex-
pressed his interest in the water
front project. Just when funds can
be obtained, however. is problematical.
Commissioner oyster also has been
n consistent advocate of a more
elaborate water front since he came
into office.
Evening star., 1924-09-07
OVATION TOF|RPO,
RELEASED ON BAIL
Commissioner Enrlght Wishes
Fighter Success in Battle
With Churchman.
By the Associated Press.

By the Associated Press.
NEW YORK, September 6.--The ar
rest of Luis Angel Firpo on a war
rant from Washington, charging him
with violating the immigration law,
his subsequent admission to bail and
postponemefit of the hearing in the
case until four days after his sched-
uled meeting. with Harry Wills, Sep
tember II, were the outstanding de-
velopments today in the deportation
proceedings Instituted by Canon Will
liam Sheafe Chase Of Brooklyn.
There was j broad grin on the
Argentine's face as ne stepped off
the Ellis Island ferry, free again.
after his attorney. Hyeman Bushell,
had deposited $1,000 in Liberty bonds
with the immigration officials. He
reasserted his innocence of the two
charges brought against him, and
said he was more worried over pro-
tecting the name of the woman in
the case than he is over his own
predicament.
Train Mt Garden.
After returning to New York. Firpo
conferred with Rickard at Madison
Square Garden. Rickard and Firpo
agreed that the giant Argentine
should conduct his future training
bouts in Madison Square Garden.
After the conference. F'irpo. his
attorney and his interpreter went di-
rect to the police field games at the ia
macia race track, where they were
given an ovation by the twenty thou
sand spectators. The Argentine was
conducted to Police Commissioner er
Richard +. Enright's private box and
introduced to all the occupants. The
commissioner. on meeting Firpo, eX-
tended his hand and said:
Enright Wishes Success.
Good luck to you, sir. I hope
you will win all your battles. includ-
ing the one against the cannon. We are
happy to welcome to these exhibi-
rions a first-class lighting man from
wonderful country"
After meeting Mrs. Pierre Worthe-
inner. wife of the owner of Epinard,
and Mrs. Rhinelander Waldo, wife
of deputy police commissioner,
Firpo was placed in an automobile
and driven around the track. let by
the police band. Firpo returned to
New York and retired early in the
evening.
Bernard Sander. attorney for the
New York Civic League, which is
supporting it's president. Canon
Chase. sent telegram TO President
Coolidge calling upon him to direct
Commissioner Curran to revoke bail
and direct that the hearing be held
Immediately.
@-r-r 1-r&Hv
Evening star., 1924-09-07
William Murphy Rites.

Funeral services for William Muir
ply, rs years old, who died at his
home on Riggs road, D. c.. Monday,
were conducted at the Shrine of the
Sacred Heart Thursday. He is sur
vived by three sons. Capt Edward
A. Murphy, L. S. A; Thomas r. MUIR
Ply and William Murphy of this
city, and three daughters. Miss Alice
+. Murphy and Mrs. James G. Eaugh-
ten of the District of Columbia, and
Sister Mary Jane Chantal of the Holy
Cross Order of Sisters at Deming,
n Mex