davidaulloa/AmericanStories huggingface dataset:
Evening star., 1924-04-17
80, $50 BARRELS
CRUDE OIL INCREASE
Summary of Industry for Week
in q. S., as Published by
Petroleum Institute.
BY the Associated Press.

BY the Associated Press.
NEW YORK, April 17.-The daily
average gross crude oil production of
the United States increased $3.50
barrels for the week ended April IL,
totaling 1,953,350 barrels according
10 the weekly summary of the Amer
.can Petroleum Institute. The daily
average production east of the Rocky
mountains was 1,293,S50 barrels, an
increase Of 32,S50. California produc-
tion was S59,5eO barrels, an increase
of $500.
Oklahoma showed a daily average
production of 49,, 900 barrels, increase
OF 5000; Kansas, $3.50, increase Of
$50; north Texas. 1880, increase of
1880; central Texas, 2os,150, decrease
of 1.450; north Louisiana, $4,000, in
crease of 400; Arkansas, 1s7,1o0. in
crease of 1880; Gulf coast, $500,
increase of $500; eastern, 100000, in
crease of 1000: Wyoming and Mon
tana, 132,650, increase Of $3.50.
Daily average imports of petroleum
at principal ports for the week ended
April IL were 307,571 barrels, COM
pared with 303,2S6 for the previous
week. Daily average receipts of Cali
fornia oil at Atlantic and Gulf Coast
ports were 10000 barrels, compared
with $4,000 for the previous week.
There were no changes reported in
crude oil prices for the major dis
tlIc,F. mid d-continent being quoted
from SI.25 to S2.25 a barrel. according
to the gravity of >the oil; Pennsyl-
vania crude. bradford district, $3.50.
and all other grades, 81. Gulf coast
crude, grade "a" 81; grade ''B," s1.7o
a barrel, and California crude ranges
from 81 to $40. depending on the
gravity of the oil.
Evening star., 1924-04-17
U. S. BONDS STRONG :
In TODAY'S TRADING
First Mortgage Rails Uniformly
Higher and Some Indus
trials Gain.
ABSORPTION OF NEW ISSUES
Outside japanese Issues, Foreign
Securities Firm.
BY GEORGE IT. HUGHES.

Special Dispatch to The Star.
NEW YORK, April 17.-Strength
and activity in United States govern
ment loans featured today's bond
market.
Under vigorous buying new high
records for the year were made by
the liberty first Az s and the liberty
fourth Ans, both of which sold at
par, ard the United States Treasury
rs, which bettered it's previous high
for the year. At the same time the
market for high-grade rails and in
dustrials broadened out.
First mortgage rails were almost
uniformly firm, and higher prices
were paid for such industrials as
United States Steel sinking fund 5s
and Indiana Steel SIS. Second grade
railroad bonds. such as Rock Island
refunding As and Southern railway
As, likewise found a better market.
Reflects Money Conditions.
All this show of strength in invest
ment securities was undoubtedly a
reticc ton of money market conditions.
Another helpful influence was the
continued good absorption of new
issues. A furtheS fractional loss was
sustained by the new japanese obli-
cations today. but the market was
well supported and the old Japanese
is of 1881 showed only a fractional
loss,
Odts;de the Japanese issues, for
eign bonds were firm again today,
especially the French OF the latter
the 71z s. seemed to be in greater
demand than the IS
Speculative rails were mostly high
er. New Haven bonds were notably
strong on the announcement that the
sod oh i'm H.
quarter of 1924, and that operations
for April will show surplus. St
Paul issues were little higher. The
recent heaviness. in st. Louis-San
Francisco income 6s was explained
today as a result of some large profit
taking sales.
IndustriaIs Irregular.
Industrials were irregular. Ameri-
can Sugar Refining 6s sold below par,
but rallied later. There was further
hea viness in the Wilson & Co 12s.
Today's new issues included $1,000
900 Alabama Power 6s 9t par and
S12, 500, 900 Pacific Gas and Electric
5hs at s6, to yield SIS per cent.
Evening star., 1924-04-17
SEE NATION FACING
INDUSTRIAL PEACE
Labor Department Officials Say
Existing Labor Controversies
Are of Minor Grade.

Industrial peace of a degree far
surprising other years since the war
greets the nation this year as spring
opens into summer. Labor Depart
ment officials, concerned in previous
years with settlement of various
labor controversies involvins large
numbers of workmen, today find on
their hands no major labor troubles,
with no strikes or walkouts of far
reaching characte confronting them.
There are still something over 5000
railway shopmen classed as 'on
strike" from the roads which en-
ployed them i'll the spring of 1922:
July 1. 1922. was called These
workers, however, are employed in
other jobs, with employment in the
railroad trades constant Recent
settlement of the shopn ems strike on
a middle western road with thou
sands of miles of track, involving
about 5000 workmen, is expected to
serve as a basis for adjudication of
the difficulties involving other roads.
Two years ago the nation faced a
disastrous and ong-drawn- strike
in the coal fields, which became
grim reality beyond the pessimistic
forecasts of those who saw a major
IndustriaI struggle. The strike was
not been a great disturbance in the
coal fields since, although strike was
threatened for this spring. Today
coal-one of the nations chief indus
trial dependents-is assured for at
least two more years under the terms
of the Jacksonville agreement.
Although scattered here and there
throughout the country are a few
sporadic labor troubles, there is not,
a So-called sore spot in any of the
nations great industries. Steel, coal.
railroads and other great industries
are on a firm foundation of peace and
prosperity, with no apparent diminu-
tion in the demands Of business for
their products. SO say Labor Depart
ment officials, who are in constant and
close touch with industry every
where.
Evening star., 1924-04-17
CHICAGO GRAIN MARKET.

CHICAGO. April 17.-Wheat prices
tended upward today in the early
dealings, traders showing consider
able disposition to avoid the selling
side until it is determined whether
the McNary- -Haugen measure will be-
come a law. According to one au-
thority, if the bill were enacted an
attempt likely would be made to es-
tablish s1.25 and possibly $1.50 a
bushel as the ratio price on wheat.
Commission house buying was of fair
volume The opening. which varied
from unchanged figures to Bak high-
er, May, 1.O23s to 1.02E, and July,
104A to IO4$. was followed by
little advance all around.
Corn was easy in the absence nee of nan any
ing at u lower to a shade advance,
May, 7Si{ to 7SA, the market stead
led at about the same as yesterdays
oats were firmer, sympathizing with
wheat rather than corn. Initial prices
on oats. unchanged to 1s to II higher.
Nav. 47% to AN, were later well
Evening star., 1924-04-17
WALL STREET BRIEFS.
By the Associated Press.

A decline in revenue freight traffic
| IN the week ended April ) is reported
! by the American Railway Association.
| IoadinSs having totaled $500 cars
about 45,452 less than the previous
week The drop was attributed to
| bad weather in certain parts of the
country and decreased coal traffic.
The tendency TO delay commitments
| in a presidential campaign year is
| cited by business leaders as one OF
| the reasons why the volume of for
! ward orders is not larger. Equip
! ment companies report that the rail
roads. particularly, having put their
carrying equipment in good condition.
are hesitating to buy additional roll
! ing stock until the election has given
an indication of the government $
| future railroad policy.
Substantial Improvement in Great
| Britain's iron and steel trade in 1928
! is shown in a report to the Bankers
Trust Company of New York. Pig
| iron output was 7,439, 900 tons, nearly
| three times that of 1891 and steel
more than twice the amount of 1921.
| Exports of iron and steel during the
year were 4,S19,000 tons. Production
| increased as the year closed, and more
| idle plants were coming into opera
| tion. Plant capacity for the manu-
Z
estimated today at possibly 100000
tons.
Net earnings of Cities Service Com
pany for the twelve months ended
March 81 amounted to s16.1S6,532.
against s15,176,3 ,30S in the previous
corresponding period, and net to com
mon stock and reserve was $S,6S1 $40,
compared with s7,759,917 This was
equivalent of s1876 q share earned
on the average amount of common
stock outstanding.
N. D. Maher, president of the Nor
folk and Western railroad, is expected
to retire on May 1, as he will reach
the retirement age of seventy this
year. A. c. Needles, vice president of,
the road in charge of operation and
traffic, probably will be elected as his
successor. Action in anticipation Of
Mr.. Maher's resignation may be taken
at the board of directors meeting in
Philadelphia Tuesday.
The Pullman Company has received
an order from the Chicago and Alton
railroad for two all-steel passenger
trains of ten cars each, for the Chi
cagoeSt. Louis service, costing about
$700. 900.
l. F. Loree. president of the Della
ware and Hudson Company, has been
elected a director Of the recently or
ganized Ansco Photo Products, Inc.
The National Biscuit Company earned
4 net profit OF $2,957,S31 in the first
quarter of 1924, equivalent, after pre-
ferred dividends, to $1.23 a share on
the S51, $4,000 outstanding common
stock of S25 par value. Earnings in.
the same quarter last year were
slightly less.
Evening star., 1924-04-17
CHICAGO LIVE STOCK MARKET.

CHICAGO, April II Omitted States
Department of Agriculture) Hogs
Receipts, $4,000 head steady to 10 low
er; desirable weighty kind show less
change lightweight off most; bulk
good and choice. 24o to 325 pound
butchers. 7.35a7.50; top, 7.55; better
grades, 10 to 210 pound weight, largely
7.10a7.45 desirable 140 to $50 pound
averages, mostly 6.75a7.00; packing
sows, to 10 lower; bulk, 615a6 S5; =;
killing pigs, slow, steady; bulk better
strong weight, 5.75a6.25; heavy weight
hogs, 7.35a7.55; medium, 7.25a7.50 !;
light, 6.s0a7.50; light light, 5.75a7.15
packing sows, smooth, 6.70a6.90 pack
ing sows, rough, G.50a6.7G. 8 aughtar
pigs, 450a6.25
Cattle-Receipts, 10000 head beef
steers, steady TO strong; weighty kino
getting most action; early :op matured
steers, 1850; few loads, 11.50al2.35
weighty steers showing comparatively
high finish rather numerous liberal
supply of these from Nebraska bulk
fed steers and yearlings, s.50al!. 90
S.25 bid on horned Texas fat she stock
steady; bulls steady to weak; veal
calves weak to 25 lower; most vealers
to packers, s.00a9. 90; few, 9.25a9.50:
bobs downward to 400; stockers and
feeders scarce; country demand ex-
panding: market strong to Is higher;
bulk stockers and feeders, 6.50a7.75 !;
several loads Tneaty kind on country
account, S.00aS.3o
Evening star., 1924-04-17
BURNSIDE TO HEAD
LOCAL A. |. B. CHAPTER
Assistant Cashier Farmers and Me
chanics National Bank Booked
for Election.
EXCHANGE PRICES NORMAL
Stock Market to Remain Closed
Good Friday.

H w. Burnside, assistant cashiey
Of the Farmers and Mechanics Na.
tional Bank, will be the next pres,
dent Of the local chapter America,
institute Of Banking, and will h.
nominated for that Office next Thurs,
day night when the annual nomina.
tions fall due. AS in the last several
years the highest office the local body
offers will go to Mr.. Burnside un,
challenged.
Mr.. Burnside is one OF the mos,
popular young bankers in the District
field. having been prominent in thi.
work for twelve years. He has beer
associated with the Amercan Insti,
tute Of Banking for six years, the
last two Of which he has held junior
Offices locally. He is now firs3 vicq
president of the organization. His
particular acclaim was attained as
chairman of the educational cor
uittee.
Other On1ces to BE Filled.
In addition to Mr.. Burnside's nomi-
nation aspirants for the Offices of firsi
and second vice presidents, secretary.
treasurer, assistant secretary and
chief counsel will be selected, in addi-
tion to choosing thirty-six local mem
ters to represent the Washington or
ganization at the annual convention
to be held in Baltimore in June. Elec.
uons will be held May s.
Pleasure will be intermingled with
business at next weeks meeting. The
first of a series of radio talks, ar.
ranged by the national body, will be
laaWn l.
country who have achieved promi-
nence in their profession and will be
received by the local chapter which,
through their committee on public af-
fairs, has arranged to have a lates:
type of receiving apparatus installed
for the night by the National Electric
Supply Company. These addresses.
fifteen in number, will be picked w
intermittently here, as will dance
music being broadcast from various
points.
Arrangements are being made to
care for 200 local listeners in.
No Material Changes in Prices.
A fair demand prevailed on the
Washington Stock Exchange today.
with prices showing no material
change. Railway preferred was firm
at 741z, as was District National
Bank at 1921. National Mortgage
and Investment preferred was easier,
400 shares selling at S14 Capital
Traction was dull at s3S.
Bonds were firm, with trading de-
cidedly restricted. Gas Us of 1893 sold
at 1907 and 1o1, the former. for an
odd-lot sale. Railway IS brought
II q, and Potomac Electric consoli
dated IS 81.
The Washington Stock Exchance
will remain closed tomorrow, Good
Friday, but the banking institutions
of the District viii remain open for
business, as usual
Evening star., 1924-04-17
GRAIN AND PROVISIONS.

bALI1MottE- Mo, April II tSpe-
ciaD Potatoes, white, per 100 lbs. rs
potatoes bbl.. S.00a1O.00. bu., 1.75a3. 90 +;
sweets and yams, bbi, 2.50a6.50; bu.,
1.00a325 Asparagus, doz., 3.00aS 90.
Beans, bu.. 25Oai.O0. Beets, bu, 1.5O
AGO. Cabbage, basket, 2.25a2.75. Car
crate. s.5Oa3.25 Celery. crate. 2.75a
4:25. Cucun1bers, crate. 5.00a1O. co.
Elephants, crate, 300a5.00 Kale bu.,
25a35. Lettuce, bu.. 2.50a4O0. Onions,
per 100 lbs; 1;,25a2.5o. Spring onions,
65a75. Peas. hamper. 2.0oa4.oo. Pep
pers. crate, 3.ooa5.Oo. Radishes, hu.,
l.00a300. Spinach, bu., 50a75. SQUASH.
crate. 4.O0a4.5O. Tomatoes. crate, 200
Assoc. Turnips, bu.. 40a50.
Apples. packed, bbl. 1.75a5.oo: bu,,
fruit, box. 1.75a2.75. Oranges, box, 2.25
aS.75. Strawberries. qt., 25a50.
Settling Prices ON Grain.
Wheat---No. 2 red winter, spot,
1.09A; No. red winter garlicky
domestic, Ito; no quotations on No. 4
or No. red winter, garlicky. No sales.
Corn--Cob, new, 4.25a4.30 per bar
for white No. anu corn. oaa SPOT Psr ser Pspre &o
corn, spot, Sc; track corn, yellow, No.
3, 80. No sales.
,oats-No. 2 white, 561aa57; No. 8
white, new, 55 " a56.
76 'pe''
Hay-Receipts, 40 tons. A large
proportion OF hay on sale here at pres
ent is more or less da,naeed and poor
In quality, in consequence of which
prices are irregular and grading equally
SO. Demand is fair for sound hay oil
medium to good quality. Low grade
and damaged hay dull at any price.
Quotations: No. ! timothy, 27.0Oa27 so
per ton; No. 2, 26,oOa25. 90: No Z
clover, 23.00a24.o0; No. 1 clover mixed,
25.50a26.00; No. clover mixed 2o.t0
a22.5e; No. J. clover, 26.00a26,a0
StrawAzNo. | straight rye. 24.00a
$500 per ton; No. tangled rye. 1900
a20.00. No. 1 wheat IS.0ea1S. so: No, /
oat, 17.00a1S.00.
Evening star., 1924-04-17
REPUBLIC STEEL
AROUSES MARKET
Report of Earnings Causes Active
Dealings in That and
Other Issues.
SHORTS IN BUYING LIST
Sugar Common at New Low for
ALI Time.
BY STUART u. WEST,
n;,,h 20 r,a s,,r

Special Dispatch TO The Star.
NEW YORK, April 17.--The Repub-
lie Iron and Steel report for the first
quarter stirred up a good deal of buy
ing in the steel shares on the stock
exchange today. for it was accepted
as an index of what all the steel
companies had been doing.
Because Republic earned $500 a
common share in the first three
months, it would not have been fair
to say that it was running at an an
nual rate of more than S12. Normally
in the second half year, and espe
cially in the final quarter, the steel
business falls off. As for the second
quarter this year, with The mills
operating at an average of SO per
cent, as against 80 per cent, in the
first three months, profits are bound
10 be less.
Showing Exceeds Expectations.
Still, Republics showing was bet
ter than expected. and much was
made of the increase in untitled or
ders from 6S,g55 tons on December
81 to 116,759 at the close of March.
Advances at one time of Il point or
more occurred in Republic, Bethlehem
and Gulf States. but in these in
stances. as we'll as in United State $
Steel common. the buying came most
ly from the short interest.
United States Rubber and the
Goodrich shares did better, and more
attention was paid to the reaSSuring
statements which the heads of these
two companies have recently made
In both cases firSt-quarter earnings
were more than sufficient to cover all
charges and preferred dividends, and
the impression given, particularly by
the remarks of the Goodrich presi-
dent, was that the rubber industry
had seen the worst of its depression
u ana that the outlook was better.
SuGrr Common SIumps.
American Sugar common made a
new low fer ali time. while con-
spiCuCuS weakness developed in the
preferred stock. This was in recog
milton of trustworthy intimations
that so far this year the company
has again run behind on earnings
from its refining business. Later the
common shares rallied when buying
ZANE INTO the stocks of the Cuban
producers. This buying followed the
pubfCa ton of figures pointing TO a
smaller Cuban crop than has been
recently discussed in the trade and
in Wall Street.
Reports from Detroit Of another
Increase in employment during the
last week brought some selling into
Stude baker, but had no effect on
other members of the motor group.
The erratic yellow Can Manufacture
ing stock took another tumble 10
the accompaniment OF all manner of
nearish gossip: The Two points G1ost
stressed were the high prices at
which the stock has been recently
selling in comparison with its earn
ings and dividends, and the fact that
its asset position in relation to cap
itaI accounts has been Weakened by
the succession Of stock dividends.
Evening star., 1924-04-17
PRICES TEND UPWARD.
Pre-Hoiday Dizziness, However,
Noted ON Stock Exchange.

By the Associated Press.
NEW YORK, April 17.-AIthough
marked by slight irregularity, stock
prices mainly tended upward at the
opening of today's market. Low and
medium priced rail shares were in
demand at higher figures. Mixed
movements prevailed in the motor list
WHY'S Overland preferred gaining
Is and Studebaker losing ground.
Short covering. based on publica-
ton of increased earnings by inde-
pendent steel companies and other
favorable trade reports, supplied most
of the buying power and brought
about fractional advances in leading
industrials. American Can, Baldwin.
General Electric, United States Rub
Der and National Lead all moved
ahead. Motor shares improved in
tone, with the exception of Yellow
Cab and Studebaker An increase in
preferred dividend stimulated activ-
'ity in the common stock, which ad-
Vanced g. Active selling caused q
'2-point decline in Congoleum while
scattered liquidation of less active
issues carried American Sugar pre-
ferred, Union Bag and Paper and Ma
tional Enameling down fractiOnally
10 1924 low levels Foreign ex-
changes opened steady
Pre-hoIiday dullness characterized
the morning session. Prices continu-
ed to strengthen, however. as the
Short-covering movement assumed
larger proportions. Buying orders
were well. distributed over the list,
with the steels maintaining leader
ship of the advance. Further recov-
cry was made by the Wilson & Co
issues, the common moving up Ia
and the preferred points. Gains of
a point or more were registered by
more than two-score issues, including
United States Steel, Bethlehem, Cruel
BILE and Republic SteelS. Baldwin.
American Can, Du Pont. General
Electric, United States Cast Iron
Pipe. American Tobacco and the 4
stock, Chandler Motor; Norfolk and
Western, LackaWanna, CrisCo pre-
ferred and New Orleans, Texas and
Mexico. Call money opened at. a
per cent.
Evening star., 1924-04-17
Teeth Used as Ornament.

Necklaces of teeth and bones were
among the jewelry adornments worn
by the Assyrians and Babyionians
The Phoenicians, earliest Of real trad
ers, wore armlets of beaten gold.
Relics of strange silver alloy made
into jewelry have been found in the
Solomon Islands, and very ancient
finger rings are among the exhibits
from New Zealand. The ruins of
Pompeii, of course, produced many
jewelry ideas and the recent un-
covering of the tombs of the Pharaohs
in Egypt show that jewelrs- has had
a place in civilization since TIME ir-
memorial
Evening star., 1924-04-17
DAIRY PRODUCTS.

BALTIMORE. April II (SpeciaD.-
Live poultry-Young chickens pound.
25aS5, Ieghorns, 25a30; winter. 4oa4s;
springers, 50a55; old hens, 23a26; leg
horns, old, 23a24; old roosters, 16a17:
ducks, 24a30; pigeons, pair, 45a50;
guinea fowls, each, 30a60.
Eggs Goss off)-Natiye and nearby
firsts, dozen, %; southern, %; duck
eggs, So.
Butter-Creamery, good to fancy, 35
ass; prints, 41a43; nearby creamery,
36a41: ladies, 2Sa30; rolls, 26a2S; store
packed, 25; dairy prints, 2Sa2s: proc
ess butter. 36a37.
Evening star., 1924-04-17
RAW SUGAR STEADY,

NEW YORK, April 1T-Raw sugar
was steadier and unchanged early to-
day. Cuban was quoted at 6.l5, duty
paid. There were sales of 5000 bags
of Cuban to an operator
Price movements in raw sugar fu-
lures were irregular, and trading was
of an eyening-up character. First
prices were unchanged to 3 points
lower, but values rallied later on COW
ering, and at midday there Were l to
points net higher.
No further changes We're reported
in refined prices. which are listed at
from SOC TO SIS for fine granulated.
Refined futures were nominal
Evening star., 1924-04-17
FOREIGN EXCHANGE.
(ouota tions furnished by W. b. Hibbs Co. J
Nominal Selling
gold value. checks today
DRY GOODS QUIET.
peciaI pispatch to The star.

NEW YORK, April 17.-Trading in
the cotton goods markets again was
quiet today, with prices generally un-
changed. Print cloths were quoted
at cents for 64x60s, ana iek cents
for 6sx72s Business Jagged in the
raw SILK markets, with delayed cables
from Yokohama tending toward un-
certainty Prices were unchanged up
Evening star., 1924-04-17
BOND ISSUE 0. KID BY I. c. c.

The Maryland and Pennsylvania
Railroad Company was given permis-
sion by the Interstate Commerce Com
mission today to. issue $450,000 Of first
consolidated mortgage 6 per cent bonds
and $3.50, 900 in common capital stock
Evening star., 1924-04-17
Call Money. -. 4h 4
Drugs and Stationery.

From the Youngstown Telegram.
Conversation in drug store:
Gimme a tablet
What kinda tablet?'
"A yellow oie.'
But what's the matter with YOU
! want to write letterr
Evening star., 1924-04-17

tPartly extra. Payable in preferred stock.
Dividend rates as given in the above table
latest quarterly hslf-yearly declarations.
Unless othAr~ise noted. extra or special
dividends arc NOT Included.
High. Low. Last.
Call Money. 49,. Al 4
IL am. -. 147,200 1p.m.. 344, 300
Il m..... .270,600 2p.m.. .430, 200
Evening star., 1924-04-17
BAR SILVER QUOTATIONS.

NEW YORK, April 17,--Bar silver,
s4h; Mexican dollars, 491..
EoNDoN, April i7.--Bar silver,
80 5-16 pence per 0ance
Money, 1& per cent. Discount
rates. short bills, 2Ha2 15-l6 per
cent: three-month bills. 3 per cent
Evening star., 1924-04-17
ON NEW york BONDS STOCK EXCHANGE
Received bx Priyate Wire Direct to The Star ONCE
fSala. ara in 81 .ooo.l

UNITED STATES BONOo.
(Fractions represent thirty seconds.
Example: 9S-3 means SO 3-32.)
Evening star., 1924-04-17

TOTAL SALES (Par vaIue):
IL am 67l4000 IL noon S613OOo
pm. 9 $50 600 2p.m.. 10 $4,000
Evening star., 1924-04-17

The National Biscuit Company earned
a net profit OF s2,957,331 in the first
quarter OF 1924, equivalent, after pre-
ferred dividends, to s1.23 a share on
the S51,1s3,9o0 outstanding common
stock of S25 par value. Earnings in
the same quarter last year Were
slightly less.