davidaulloa/AmericanStories huggingface dataset:
Evening star., 1924-04-10
IRREGULAR TREND
APPARENT IN BONDS
Speculative Issues Lower, But
High-Grade Investments
Show Firmness.
by GEORGE r. HUGHES.

Special Dispatch TO The Star.
NEW YORK, April 10.--Pricc changes
in today's bond market were very ir-
regular, but in the main the tendency
of speculative issues was downward,
while the high grade investment
bonds were firm and in few cases
higher. This would be an altogether
logical distinction once it is granted
that the current talk about indus
trial depression is we'll founded. If
money is not to be needed in business
it must find employment in bonds
and in bonds only OF undoubted in
vestment merit. At the same time
Indications of a movement of this
kind were very slight. Certainly
there was no rush today to accumu-
late even the soundest of bonds. Lib
ertys were all firm, but not much
higher.
High-gra rails were steady. with
supply and demand about equally
balanced. The same was true of the
taking the United States Steel sink
ing fund SIS as typical of the former
and American Telephone and Tele-
graph " as representing the latter.
Nor could 1T be said that the Dawes
commission report had much effect
upon foreign bonds. French issues
were all firm around the highs of the
year. but not especially active. Else
where the list was steady.
Speculative domestic issues moved
more or less in sympathy with stocks.
Railroad bonds held their position
better than industrial obligations.
There were, however. no outstanding
points of weakness. as has frequently
been the case in the past month.
American Agricultural Chemical ~ )
seemed to have discounted whatever
is unfavorable in their position, for
the present at least. o Rubber and
tire bonds sold around their recent
lows, but for the most part did not
break them There were numerous
points OF strength among the utili-
ties, notably in the fractions such as
Brooklyn Manhattan Transit 6s and
all the Interborough bonds.
Trading in the speculative rails
was marked by continued firmness in
Erie convertible "D's" and in the Sea-
board issues, while there were minor
reactions in the New Haven and st.
Paul bonds.
Evening star., 1924-04-10
NEW LOWS RECORDED.

BY the Associated Press.
NEW YORK. April 1o-Mixe ed price
movements took place at the opening
Of today's stock market, strength of
the oil, copper and rail shares being
counteracted by the heaviness of mo-
tors and independent steels. Wool
worth dropped 3A points below 800
as against its recent high of 345.
Studebaker and American Can yield
cd fractionally to new low records
for the year.
New Low Records.
Later in the days dealings the per-
sistent selling OF American Can
forced that issue below par, and ad-
ditional new low rerords were estab-
iished by American Sugar Refining
common and preferred, Baldwin, Cru
cible, du Pont, National Lead, Chan
dIer and Endicott johnson. the losses
ranging from small fractions to =
points. Atlantic Coast Line dropped
2 !. points, but Texas and Pacific and
Norfolk and Western moved up and
! Il. respectively. American Water
Works advanced ] point to 50k, a
new 1924 top. Otis Steel preferred,
Magma Copper and Calumet and Ari-
zoaa sagged ] to points. Foreign
exchanges opened steady.
The market continued to give pri-
mary considerati to the trend of
business, apparently paying little at
tention to developments abroad.
WooIworth extended itsF loss to IN
and Fisher Body broke 5 points. Da
vtson Chemical, American Woolen
and Willys-Overland preferred were
added to the list of new 1924 lows.
Independent strength was shown by
the Brook klyn-Manhattan Transit is
sues each Of which moved up about
"a point, the preferred touching a new
top at 60k. Texas and Pacific also
sold at a new 1924 high, elm bing
J - to 291s. Call money opened at
iL per cent.
Evening star., 1924-04-10
FLOOD OF BUYING
IN COTTON MARKET
Prices Influenced by Favorable
Liverpool Cables and Reports of
Rain Throughout Belt.
BY the Associated Press.

NEW YORK, April lU.-The cot
ton market was full OF buying orders
this forenoon as a result of strong
cables and excessive rain throughout
the belt. May contracts jumped sS
points to 3I.95. while new crop
months advanced from 55 to 81 points.
The trade was heavy buyer of con-
tracts at the opening.
Relatively firm Liverpool cables,
reports of unfavorable weather in the
south and bullish overnight reports
from the spot market led to a re-
newal of active covering by near
month shorts in the opening. First
prices were firm at advances of 33 to
81 points. with May contracts advanc-
ing to 3I.95 and October to $500 dur
ing the first few minutes, or 81 to 93
points net higher.
me advance was checked by heavy
reallzlng at these figures. There were
quick reactions of 90 or 25 points. but
the covering continued, with the mar
ket active and very steady during
the early trading
The demand from shorts later be-
came less urgent. and realizing con-
tlnued, with May contracts selling
on 70 3l,31 and July to 1857, or about
80 10 % points from the early high
levels. Trading then became quieter.
ana the market was fairly steady
around midday. with active months
showing net advances of 80 to so
points Private reports from the
southwest that rains would cause a
considerable delay in farm work ex-
erted a sustaining effect on the late
forenoon market.
Stampede In New Orleans.
NEW ORLEANS, April 1o.-A wild
stampede Of buying orders sent cot
ton up s. a bale at the opening Of
trading on the exchange here today.
May contracts traded up to 32-S i
close. The first trade in Nav was at
32, but as the call proceeded that
month sold up to 32.31. or 103 points
above the close OF yesterday. July
traded up to 30.4o during the call, or
SO points up. October advanced to
$3.50 or 5S up. The advance in
Liverpool was attributed to heavy
short covering due to fears of a
squeeze owing to scarcity of sup
plies. The market eased off IL points
on May and A on July on realizing
the end Of the first half hour of
trading.
A strong Liverpool market infu-
enced the upward movement.
May futures extended its gain to
S. a bale yesterday forenoon, but the
advance was lost before the close of
trading. However. the advance to-
day placed the value of cotton at SIS
a bale higher since Tuesday.
Liverpool Trade Moderate.
LIVERPOOL, April 1o.-Cotton-
Spot, good demand, but business mod
crate; prices steady; good middlins,
1878; fully middling, 1928; middling,
1889; low middling, 1898: good ordi-
nary, 1888; ordinary, 1913 Sales, TO-
600 bales, including $500 American.
Receipts, 1000 bales, no American.
Futures closed steady.
Closing-April. 1876; May, 1852;
July. 1881; October. 1918: December,
1853; January, 1852; March. 14.37.
The cotton exchange here will be
closed Saturdays during June, July
and August. On Fridays. from June
6 to August 29, the exchange will re-
main open for trading until 4:30 pm.
The corn exchange will be closed
April Is, 10 and 81. and the produce
exchange, April Is and 21, Easter hol-
idays.
Evening star., 1924-04-10
CRUDE OIL OUTPUT
SHOWS HUGE GAIN
Production for Week Ended April
5 Totals 1915, 900 Barrels, Pc
troleum Institute Shows.
By the Associa ted Press.

By the Associated Press.
NEW YORK, April 1O.-The daily
gross crude oil production of the
United States increased $500 barrels
for the week ended April 5. totaling
1,915,000 barrels, according TO the
weekly summary of the American Pc
troleum Institute. The daily average
production east of the Rocky Noun
tains was 1.26f,00O barrels, an in
crease of $500. California production
was $4,000 barrels, the same as the
previous week
Oklahoma showed a daily average
production of430, 900 barrels, increase
of 1880; Kansas, 5000, increase of
10G; north Texas, 69.95O, decrease of
500; central Texas. 210.6o0. decrease
of 1900; north Louisiana, 42,600, de-
crease of 1900; Arkansas. 121,35o de-
crease of LOO; gulf coast, $4,000, de-
crease OF 900: eastern. 100000, in
crease OF 1000. and Wyoming and
Montana, $4,000, decrease Of 1850
Daily average imports Of petroleum
at principal ports for the month Of
March were 299,S71 barrels, compared
with 27S'l72 for February, and for the
week ended April ), 272.571 barrels,
compared with 1851 for the previ-
Gus week. Daily average receipts of
California oil at Atlanta and gulf
coast ports for the month OF March
were l3S,58l barrels, compared with
1874. $50 for February and for the week
ended April 5, $4,000 barrels. com
pared with $4,000 for the previous
There were no changes reported in
cruue OIL prices for the major dis
ttrlcts.,Midcontinent oil being quoted
from $l.25 to s2.25 a barrel, according
TO the gravity of the oil, Pennsylva1
MIA crude, Bradford district, $3.50 a
barrel, and all other grades 81; gulf
coast crude grade "A, 50; grade b
sl.70 a barrel and California crude
ranges from 81 to $40, depending
upon the gravity of the oil.
Evening star., 1924-04-10
BANK SURPLUS FUND f:
LARGER BY $4,000
Washington Loan and Trust Also
Declares Regular Quarterly
Dividend.
PLEA FOR McFADDEN BILL
Controller Sees in Measure Relief
to National Banks.

Directors Of the Washington Loan
and Trust Company yesterday added
sl5O,00O to the surplus fund of the in
stitution in addition to declaring the
regular quarterly dividend Of ~ per
cent. The disbursement will be made
on May /, the books OF record closing
April "a to May !. inclusive.
This trust company now boasts :.
total surplus of s1,750000. capital stock
of s1,000,000 and undivided profits and
reserve in excess of 100000 y def
mite dividend rate of 10 per cent is
maintained, this disbursement being aug
mented by frequent extra declarations.
Affairs of the institution are admin
istered by the following official per
sonnel: John B. Larner. president
Andrew Parker. vice president and trust
officer Harry G. Meem. vice president
and treasurer; Boyd Taylor. vice presi-
Jr;. vice president in charge OF branch
Alfred Fl. Lawson, real estate officer:
CharleS r. Grant and Fred II. Ber-,
tnrong, assistant treasurerS; William
h. Baden, assistant trust officer: T
Carroll Grant, assistant real estate Of
hcer, and Arthur Peter, general counsel
Argues for McFadden Bill.
currency, appearing before the House
banking and currency committee yes
terday to urge immediate enactment
OF the McFadden bill, declared the con
templdted measure one which would
aHord relief 10 the national banks OF
the country, and would, in turn allow
the federal reserve system TO live.
one OF the most constructive features
|of the proposed legislation. Mr.. Dawes
n cd
OF the fiagrant branch banking prac-
tice, which, in his opinion, is injurious
as followed at the present time.
Further hearings will be held on
the subject.
Seek Law to Avert Frauds
A bill has been introduced in both
houses of the New York state legisIa-
Bankers Association. TO amend the
general business Law in relation to
fraudulent practices in stocks, bonds
and other securities.
Summarily, il provides for the pub
lication by any firm dealing in Sc
curities OF its existence and the ma
ture Of its business in the official
state paper at Albany and in news
paper in its own locality. In case
such a firm offers for sale any new
vides for publication of a short de-
scription of such issue in the two
places named above. Disobedience OF
these provisions would be misde-
meanor.
The association favors this act be
cause il would tend TO strengtheu
the Martin law, under which the At
torney General now convicts fraudu
lent security promoters, and which
!, the association considers the only
logical method Of dealing with this
problem.
ToPal Change Trading Snail
The smallest volume OF the wezi
changed hands on the local board
! this morning, unchanged prices prov
ing the rule of the day. Favorite
utilities monopolized.
Capital Traction fiuctuated between
| s5Is and 93S, twenty-five shares
j changing hands. while Railway pre-
ferred sold at 74i2. Washington Gas
| 6s sold TO the extent of $4,000 a,
, 1905
Evening star., 1924-04-10
GRAIN AND PROVISIONS

BALTIMORE. April 10 (SpeciaD.-
ib seeks. WITS 4s5aa 3cH ih5 15a13 10
bbl.. sooa11.oo: sweets ne" and Potas9es' asms
Dbl, 2.ooaS.50: bu.. I.Ooa3.0O. Aspara-
gus doz,. 4.ooa7.oo. Beans, bu.. 9.5Oa
500; Beets. bu.. 1.5oa2.0O Cabbage.
basket, 1.25a2.o0. Carrots, 100. 4. 60a
Celery. crate. 3.O0a325. Cucumbers,
crate. 6.00a10.oo. Elephants. crate,
5.Ooa5. 90. Kale, bu.. 25a35. Lettuce,
BY: l.50a4;oo. Onions. per 100 lbs.
l.25a2.25. Spring onions, 1.5oai.75.
oyster plants. 100 lbs. 6.O0as.oo.
Parsnips. basket. 6Oa7O. Peas, ham
per. 2.5oa4.o0. Peppers. crate. S00a
500. RAdishes. bu., 1.50a3.00. Spinach.
6u., 75a1.0o. Squash. crate. 4.O0a4. so.
tomatoes crate. 2.50a4.50. Turnips,
Apples. packed. bbl., 2.ooa5.co: bu..
50a1. so; box apples 1.75a2 IS. Crane
fruit, box, 1.75a3.00. Oranges. box.
2.25a4.00. Strawberries, qt. 4oaS0.
Selling Prices on Grain.
Wheat--No. red winter, spot,
1.o7 g. No. . red winter, garlicky,
spot. domestic, 1915: no quotations
Sales-Bag lots of nearby wheat at
1.0sa1.10 per bushel
Corn-Cob, new, 4.25a4S0 per barrel
for yellow and 4.10a4.l5 per barrel
corn, spot, SO 4 track corn, yellow.
No. 3, S9aS912.
No sales.
Oats-No. white. 56aS0l.; No. =,
white, new, 55a55'2.
Rye-Nearby. 7oaSO No, , rye. spot.
75s
Hay-Receipts. % tons The OUT
ward movement fairly good for better
grades of timothy and closer mixed
and sound clover. with no oversupply
of such description on hand. Low
grade and damaged hay in fun supply
and slow to find an outlet al any
price. Quotations: No. | timothy.
27.o0a27. so per ton, No >, 2600aS6.50:
No. clover. 2S.00a24.O0. No ! clover
mixed, 255oa26.00; No > clover
mixed, 22.00a22.50: No. ! clover, 26.eo
a26.50.
Straw-No. straight rye, 2+O0a
$500 per ton: No l tangled rye. Is o0a
1000; No. 1 wheat. Is.Q0alS. SO: No, /
oat, 17.00a1s.0O.
Evening star., 1924-04-10
SEE lULL IN INDUSTRIES.
st. Louis Tradesmen Point to Ir-
regularity of Business.

ST. LOUIS. April 10 Especially The
irregularity of business
and trade in this territory continues
to make itself apparent and there is
evidence OF industrial dullness at
some points. Hand to-mouth buying
is the rule among producers. dis
trfbutors and retailers even in lines
IN which activity is greatest En-
ployment. however. is good and con
sumption OF goods is at a high rate.
as shown by the unprecedented
freight movement. The latter has re-
vealed increases in the movement OF
lumber. coal. merchandise and oil.
while shipments of grain have about
equaled those Of the spring of 1928
Nine-tenths OF the orders now being
booked in iron and steel here call for
immediate delivery and production is
being held down to demand, with sur
plus stocks being slowly reduced.
Evening star., 1924-04-10
DAIRY PRODUCTS,

BALTIMORE, Md, April 10 (Spe-
ciaD.-Liye poultry-Young chickens,
pound, 25a35; leghorns. 25aSe; winter,
40a45; springers, 50a55; old hens, 25a
2S. leghorns, old. 24a2S; old roosters.
16; ducks, 24a25; pigeons, pair. asa
sc; guinea fowl, each, S0a60.
Dressed poultry--Chickens pound.
28a35; ducks, S0a35; old roosters. 1Sa
II: capons. 35a43.
Eggs (loss off)-Native and nearby
firsts, dozen, %; southern, 2l> duck
eggs, AZ
Butter-Creamery, good to fancy,
3Sa42h; prints, 42a44; nearby cream
cry. 36a3s: ladies'. 30a32: rolls, 26a2S;
store packed, 26; dairy prints, 2ea
2S; process butter, 36aST.
Evening star., 1924-04-10
TO STUDY EUR0PE'S PLAN.
Tobacco Growers to Seek Points on
Cooperative Methods.

RICHMOND, Va, April 10.-A COM
mission composed of officials and rep
resentatives of the Tristate To-
bacco Growers Cooperative Asso-
citation, the Burley Tobacco Growers
of Kentucky and the Dark Tobacco
Growers Association of Kentucky
will leave for Europe about May to
study the cooperative movement in
England, France and other countries,
it was announced here at the Offices
of the tri-state association. The COM
mission will present to the large buy
ers abroad of American tobacco
the aims and methods of the Ameri-
can Cooperative Association, which
have a total membership of 25o,O00
Evening star., 1924-04-10
DULLNEss IN DRY GOODS.

NEW YORK. April 10 Especially Cot
ton goods markets settled back to dull
ness today after several days of ac-
tivity. attended by slight price in
creases. Print cloths were quoted al
81 cents for 64x6Os and II cents for
6Sx72s. The raw silk markets also
were quieter at unchanged prices.
Evening star., 1924-04-10
Asks Permit to Drop Line.

The Glenmora and Western railroad
asked the Interstate Commerce Com
mission today for permission to
abandon its seventeen-mile line from
McNary to Holdup. La. The line was
built 10 serve sawmills which since
have closed.
Evening star., 1924-04-10
Unified Orders q. S. Steel.

NEW YORK, April 10-Cnfined
orders of the United States Steel
Corporation on March 81. made pub
lie today, totaled 4,7s2,so7 tons, Z
decrease of 130.094 tons, compared
with the end of the previous month,
Evening star., 1924-04-10
B0URsE PRICES IRREGULAR.

PARIS, April 10.--Prices moved ir-
regularly on the bourse today. Three
per cent rentes, 55 francs 80 centimes.
Exchange on London, 72 francs 25
centimes. Five per cent loan, So
francs 20 centimes. The dollar was
quoted at Is francs so centimes.
Evening star., 1924-04-10
Washington Stock Exchange.

SALES
Capital Traction Co.-1O at 931s
Washington Rwv. & Elec. pfd.-I0 AT 49,
AFTER CALL.
Cspitsl Traction Co.--l0 at a3ia, = at 9S2.
Washington Gas 6S '33-s1 900 at 1905
81. 600 l005s.
Capital Trsctiou-5 at 93ss.
Money-Cau loans--5 and per ccat.
Evening star., 1924-04-10

yellow Cab (5).. SO SO S2k S2h
tPartly extra. SPayable in preferred stock.
Dividend rates given in the above table
are the annual cash payments based on the
latest quarterly or half-yearly declara tons
IJpless otherwise noted, extra or speciai
dividends are not included.
High. Low. Last.
Call Money. AZ ~ AZ
HOURLY SALES OF STOCKS.
II am. :. .230 500 p.m..... 5S4 700
I'm. .3S2 100 2p.m..... 745 200
Evening star., 1924-04-10
N. Y. Stock and Bond
Averages.
Wednesday, April o.

STOCKS.
Total stock sales, $4,000
shares.
Twenty industrials averaged
$3.50: net loss, .55.
High, 1924. 1924; low. $3.50.
Twenty railroads averaged
1856; net loss, SO.
High, 1924, s6.32: low. S2.74.
BONDS.
Total bond sales (par value),
s12,s22.0oo.
Ten first grade rails averaged
1851; net gain, .01.
Ten secondary rails averaged
s4.ss; net *gain, .05.
Ten public utilities averaged
S7S7; net gain, .15.
Ten industrials average d
s3.47; net loss. .1s.
Combined average, Ss.21; net
gain. .o1. l.
Combined average month ago,
s7.ka:- year ago, 1857.
Evening star., 1924-04-10

TOTAL SALES (Par vaiue):
IL am. 3105 600 IL noon 4 5s6 900
1p.m.. $4,000 2p.m... 8 $4,000
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-10-19
Kentucky State Society
to Open Winter Season

The Kentucky State Society OF
Washington will initiate its monthly
meetings for the Winter Season
night, at Meridian Mansions,
24o0 Sixteenth street, with a program
which promises to stamp this society
as leader In connection with such
entertainments.
Mr.. William Jennings Price, pre.i-
dent OF the society, in connection
with other officers. Yves successful
last Winter in largely Increasing the
membership Of the organization and
making its meetings extremely popu-
lar He announces that the program
for next Thursday evening includes
numbers by Mrs. Minnigerode An
drews and Mrs. Frank Odenheimer.
the latter president of the Political
Study Club of Washington: songs by
Mrs. Wayne B. Wheeler and an aC-
dress by Robert w. Woolley.
A number of Kentuckians dis
tinguished in official life will be in
the receiving line and dancing will
follow. The reception committee of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-10-19

the society includes Mrs. A. o. Stan
ley. Senator Richard P. Ernst. Miss
Laura Harlan, Justice j. G. Mercy
nolds, Justice Louis ID. Brandeis. Mrs.
Charles G. McChord, Mrs. David Lynn,
Admiral Hugh Rodman, Mrs. Conrad
Syme, Maj Gen. Henry T. Allen. Brig.
Gen. Logan Feland, and Mrs. Ollie NJ.
James.
The officers of the society are: Mr..
William jennings Price. president;
Mrs. Ben johnson. first vice president;
Mrs. Maurice Thatcher. second vice
PRESIDENT; Mrs. Matte Wyatt Porter.
secretary; Mr. q. B. Likens. treas
urer; Mr.. Lee Lamar Robinson. chair
man publicity committee; Miss RAN
ME Barbee. chairman entertainment
and music committee; Mrs. w. T. Den
mis-, chairman membership committee;
Mr.. Francis NJ Savage. chairman
finance committee; Judge Mckenzie
Moss, chairman speakers committee;
Chester j. Fitch, chairman floor COM
mittee.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-10-19

sponsibility. Both were merchants,
and the latter was an alderman in
1913. Gotham's oldest pump was near
by, and some of the men who served
under the Roosevelts were Thomas H.
Goeliet. remote ancestor of the Sena-
tor from Rhode Island, Richard Van
voorhees,, Edmund Livingston, Lydie
Suydam. Henry Kip, Jacob Van Pelt,
Abraham Brevoort and dozens of
other names of the burghers of New
Amsterdam. whose descendants rank
high in its civic annals in the pres
ent. New York has preserved all it's
early engines and fire appliances. and
all these, decked in ribbons and flow
ers, were on Exhibition and visited
by thousands.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-10-19

The first oil we'll in America is said
to have been discovered on a small
mountain farm in Wayne County,
KY, in the year 1929.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-10-19

China raiseG and consumes more
ducks than any other country in the
world. On some duck farms $4,000 a
year are raised.
Seward daily gateway., 1924-03-19
JOUDLE MURDER AND
 SUICIDE NEAR COUNCIL

A native known as Jimmie the Tough" according to the Pioneer Scout, states that in an igloo quite, distance from Council, three Eskimos were engaged in poker game, mak- ing the sky the limit, and playing for large stakes, through some quarrel, supposedly brought about through the players having imbibed too freely in moonshine, two of the natives began fighting with knives, the third native standing by watching the fighting. Af- ter the fighter had been engaged for some time they both, approximately at the same time, succeeded in stabbing each other and fell dead. At the sight Of his dead companions lying on the floor, and the money scattered in all directions, the third native became frightened and running into the snow a short distance away from the cabin
 shot himself through the heart. The names of the natives were not learned.
Seward daily gateway., 1924-03-19
WHY GERMANY LAID DOWN HER
 ARMS IN 1918.

We laid down our arms because army headquarters urgently asked it to avoid catastrophe ,and only then we called for President Wilson's help in connection with his fourteen points" /" said Count von Bernstorff, formerly ambassador for the German govern ment at Washington, in defending the late president against almost univer- sal charges by the Germans of betray- al of Germany Bernstorff declared further that the charge is "falsifica- tion of history" as everyone knows who was present at the negotiations" This is the first time any German of prominence who was identified with the old war regime has publicly con- fessed that Germany was beaten; com pletely beaten when it laid down it's arms. It is a frank confession cor rect in every particular, and possib- ly it will be ogod fo rthe German soul ii it is accepted by any considerable body of German opinion. The very suggestion that the war lords threw up the sponge or that the German people-who were not so different from the ruling class in their mental attitude toward the war as they were represented to be-yielded because of the famous fourteen points, is prepos- terous. The Germans primarily hoist ed the white flag because of military collapse and to prevent their own coun try from being cverrun as they had ovc;run Belgium and France, and then the fourteen points were seized upon in hope of softening their defeat.