davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1924-12-31
THIRTY nations
FACE BOOM IN
TRADE
U. S. Leads General Prosper
ity, With Britain Next.
China Alone Chaotic
By ROBERT S. THORNBURGH,
International News service.


International News service.
At least thirty out Of forty
principal commercial nations Of
the world will enter 1926 tomor.
row with prospects of the best
business years since the war, &C.
cording to information available
today at the Department of Com
merce.
United States, with an antici-
pated froeign trade of over
SO, 100000 next year, Canada
with rising agricultural prices and
Great Britain with stabilized
government and industrial activity
are markedly in the lead, prom
Using to be the greatest factors in
the conquest for world markets.
Europe Has Recovered.
European conditions are particu
larly contrasted with those last De
cember, when widespread political
and economic uncertainty promised
little for the new wear.
Bsides Great Britain, extremely
favorable business conditions exist
In France and Italy, While marked
improvements are observed in Ger
many, Belgium and many of the
smaller European countries, accord
ing to Department of Commerce ad
vices,
Conditions in Esthonia, Spain and
Sweden show unfavorable indica
tions, but these. it was pointed out
are comparatively minor nations
from a commercial standpoint.
Even more encouraging reports
came from Latin America. where
not a single country is suffering
from seriously depressed conditions,
Columbian indications were the
most optimistic, the situation there
being described as more satis:ac.
tory than for some years, With a
general feeling of confidence exist.
ing.
Dispatches said that the strike
situation in Cuba had cleared and
that prosperity is promised by a
record sugar crop, estimated at from
1900 900 to 4,735, 900 tons. In De-
comber 1892 mills were grinding.
Far East Better Off.
From the Far East came reports
of continued Improvement in Aus,
tralia, India and Indo- China. Japan
was faced with an unfavorabIe trade
balance, but was slowly recovering
from the effects of the earthquake
Chinese conditions are still ad
versely affected by the uncertain
political status, but markets re
Elected q gradual return recovery
Unusual activity marks the bust
ness situation In Hawaii, according
10 official cablegraIils. Large num
bers. OF tourists are invading the
island from the United States, while
a record sugar crop, valued al
$50 900, 900, mas been harvested
Several additional steamship lines
have been opened between the
United Sta les and Hawaii because
Of increased demand for freight and
passenger service.
Prosperity in Canada
In North America the Canada r
situation follows closely that in
United States, with prosperity
promised for 1925.
Wheat prices at Winnipeg re
Gently touched a new high level al
&1.7S per bushel, while trade fig.
ures indicated an increase in ex
ports and decrease in imports.
The foreign trade of the United
States 2assed the $4,000, 900 .O0C
mark In 1924, of which over $4,000.
100000 We're imports. Both Secre
tary of the Treasury Mellon and
Secretary of Commerce Hoover
predict prosperity for the new year
The Washington times., 1924-12-31
Bond Notes

NEW YORK, Dec. 3l.-George r.
Gibbons & Co. were awarded two
bond issues in competitive bidding
yesterday, the $4,000, 900 State OF
Illinois per cent semi-annual in.
terest highway bonds and the 81 .O50
City of Lansing. Mich, coupon and
registered AZ per cent bonds were
awarded on a bid of 97.55. OF this
issue $500, 900 mature January 1 each
year, 1892 to 1899 inclusive.
other bidders were: The First Ma.
tlonal Bank of New York and asso.
ciates, 'E. H. Rollins & Sons and asso.
ciates, Guaranty Company and asso.
clates, Speyer & Co. and associates
and the Continental National Bank OF
Chicago and associates. There was
less than $1,000 difference between
the six highest bids. The Lansing.
Mich. issue was awarded on a bid of
1007152. These bonds mature $3.50.
900 January of each year 1926 to
1880 inclusive; 100000 January 2,
1881; $45 900 January 3 of each year
1882 to 1886 inclusive; $4,000 Janu.
airy 2 OF each year 1886 to 1941 in.
elusive.
Other bidders were: Lehman Bros,
w. A. Harrip1an & Co., Inc, and the
Old Colony Trust Company, 10O. GAG:
Roosevelt & Son and e. III. Rollins
& Sons, 10O.5S42; Eldredge & Co. and
Kean, Taylor & Co, 1O0.642; Kissel,
Kinnicutt & Co, 100.5S; Hannahs,
Balm & Lee, Harris, Small & Co.
and Estabrok & Co, 100.591; r. w.
Pressprich & Co., Curtis & Sanger
and Blodget & Co., 100.51; Horn.
blower & Weeks, Gibson & Leefe
and H. l.. Allen & Co., O.42; Secur-
ity Trust Company, Waiting, Lerchen
& Co., Batchelder, Wack & Co., C.
w. Whitis & Co. and Prudden & Co.,
10O.3S; Harris & Otis, 1O0.32.
Halsey, Stuart & Co., Inc, and
Pynchon & Co, are offering $1,000,
900 Broad River Power Co. 10-year
ca per cent sinking fund bonds at
100 and interest. The Broad River
Power Co. was Incorporated 10 ac-
quire control of the Columbia Rail
way & Gas Co. and the Parr Shoals
Power Co., and these properties will
be merged when legal formalities
have been completed.
Blyth. Witter & Co. have sold
81, $50, 900 Pacific National Building
Corp. first closed mortage 61a per
cent sinking fund bonds due Decenl-
Der I. 1899, at 100 and interest, yield.
ing $50 per cent.
The Washington times., 1924-12-31
LIBERTY LOAN CONVERSION
TO TERMINATE IN JUNE

Secretary Mellon announced today
that the privilege on converting first
Liberty loan converted 4 per cent
bonds Of 1SS2-47, and second Liberty
loan per cent bonds of 1927-42 into
AZ per cent Liberty bonds viii ter
inmate at the close of business June
30, 1925, and thereafter may not be
exercised.
The conversion privilege with re-
spect to such bonds arose May y,
1918, and expired November 8, 1919,
but was extended March z, 1919, by
the Secretary Of the Treasury under
the authority conferred by Section
6 of the Victory Liberty Loan Act,
to such date as might be fixed by the
Secretary of the Treasury on six
months public notice.
Although the privilege has re-
manned open for over six years and
public notice has been called thereto.
from time to time holders of about
$33, 100000 of bonds have not yet
awaited themselves of the privilege Of
conversion.
The Washington times., 1924-12-31
LATEST NEWS AND QUOTATIONS OF THE FINANCIAL MARKET,
Local Stocks
Furnishing by W. B. EIibbs & Coz
SALES.

FURNISHING BY W. y. Hibbs & Co..
SALES.
Washington Gas SIS, $50. 10000
103, 1000@1O3, 500@103, 2O00010S.
Wardman Park Hotel 6's, 10000
100A, 10O0@10OA, t2OO0@100Ik, 1860
Q100%, 1000G100%, l000@100A.
Capital Traction, 5@911s.
Washington Gas Light. 1005Sss.
Washington Railway and Electric,
preferred, 100S1.
( East Washington Savings Bank,
50024
National Mortgage and Invest
ment. preferred. 5O@9, 100@9, 1000
8, 10@91s, 5@9h.
AFTER CALL.
Riggs National Bank, 50305.
Washington Gas SIS, '33, $4,000
103.
UNLISTED DEPARTMENT.
Christian Heurich Brewing Com.
pany, 10@38.
Money-Call loans. soc per cent.
The Washington times., 1924-12-31
PROFIT TAKING
HAL is RISING
MARKET
Stock Prices Reactionary as
Result of Heavy Offerings
in Early Trading

NEW YORK, Dec. S1.--Stoci
prices were reactionary in the first
period today as the result Of the
speciality stocks.
General Electric was the most
notable exception to the general re
dictionary tone. Reports that active
trading had already begun in the
stock of the new corporation that
is to be formed to take over the
Electric Bond and Share Company
at around 500 share, brought a
heavy demand, for the old stock
which jumped II points at the open.
ing of the market and sold 16 points
higher before the end of the first
hour.
Radio, Beechnut and other active
speciality stocks followed the turn
of the tide and were soon headed
for higher price levels, Wright
Aeronautical Corporation Joined the
active list and sold 8 points higher
az 22B; Dawson Chem and Univ er-
sal Pipe resumed their forward
movement after slight interruption
The st. Paul stocks recovered from
Tuesdays decline and sold more
than a point higher, American Can
got back to 159 for a gain of 8
points and Cast Iron Pipe was UP 8.
Wheat staged a sharp come back
in the Chicago market Call money
renewed at per cent. A decline
OF $4,000 barrels day in crude oil
production last week was reported
by the Oil City Derrick; the Iron
Age estimated steel mills operation
at 80 and S5 per cent, with a heavy
influx Of orders for steel products
in the last week of the year.
American Wooden, however, sold
down about 2 points on announce.
ment that William Wood had re-
linquished the helm.
Oil stocks were firm with in
creasing interest in the low priced
shares, in which Skelly Oil up
nearly points to a new high al
245s, was the new leader.
The Washington times., 1924-12-31
DECEMBER GOLD EXPORTS
LARGEST SINCE JUNE. 1919

Gold exports from the port of
New York during the first twenty
seven days of December totalad
$40,242, 900, the largest export move.
Nneit since June, 1919. according 90
the monthly review of the Federal
Reserve Bank of New York. Ship
ments were largest to Germany,
representing Withdrawals of pro-
ceeds Of the German loan. but sub
stantial amounts were forwarded
also to England India. Holland
and Sweden. Imports during the
same period at this port tota'ed
$500, 600, almost entirely from
Nance and Argentina.
The Washington times., 1924-12-31
Bank Declares Dividend

AT the regular monthly meeting
held today, the directors Of the Ma
tional Bank of Washington declared
the usual semi-annual dividend of
6 per cent, an extra dividend of
per cent, both payable January
9, 1925. to shareholders of record
at the close of business December
81, 1924, and at the same time
added $50, 900 to the surplus.
The Washington times., 1924-12-31
Chicago Grain Market

CHICAGO, Dec. 31.-Grains
opened irregular today. Wheat up
q to IL; corn down 2h to e up:
oats unchanged to u down.
Opening-Wheat, December, 172% ;
May, 175A @175%; July, 1904 0151;
corn, December, 1851 @126; May,
1854 @126R; July, 1891 @129X
Oats, December, So; May, $3.50
63H; July, GIN @61N.
The Washington times., 1924-12-31
New York Cotton Market

NEW YORK, Dec. 3l.-COtton
prices were steady at the opening
of trading today with the first
prices from to points lower.
January opened at 24.l0; down 8
points; March, at 24.4S, down 2
points. and May, 24.S3, down
point
The Washington times., 1924-12-31
Oil Stocks

FURNISHED by w. B. Hibbs & COS
To;1 A nc
The Washington times., 1924-12-31

New fork funds In Montreal IS N
premium at $1,000. 49,
Montreal funds in New York $s,7;
discount at $1,000
The Washington times., 1924-12-31

s. w. Straus & Co. are Offering
s525,0OO first mortgage per cent 2
to 15.year serial coupon bonds Of
Fred A. Elliott. Inc, secured by the
land and the Hotel st. Regis, a -
story hotel being erected in Los
Angeles, Cal
The Washington times., 1924-12-31
N. Y. Curb Stocks

FURNISHED by w. B. Hibbs Il Cos
The Washington times., 1924-12-31
Short Term Securities

Furnished by w. B. Hihbs & Co. )
Evening star., 1924-05-11
U. S. ACCEPTS RED CROSS
OFFER AT REED HOSPITAL
Secretary Weeks Praises Plan of
Organization to Erect Building
at Cost of $15O,OOo.

The Secretary of War has accepted
the offer of the executive committee
of the Red Cross to erect a perma-
nent Red Cross building to cost $780,
600 in the reservation of the Walter
Reed General Hospital. on Georgia
avenue, to replace the temporary
structure now in use there.
In letter to the chairman of the
Red Cross executive committee, an
nouncing his acceptance of the offer
on behalf of the government, Secre-
fAry Weeks says:
THE very liberal offer Of the Amer
ican Red Cross to erect at the Walter
Reed General Hospital. this city, a
permanent building at a cost to not
exceed $150,000 has been brought to
my attention.
'1n accepting this splendid gift,
please be assured that the War De-
partment does so with the keenest
appreciation of the generosity of
your organization.
This proposed building will add
greatly to the facilities at Walter
Reed and will increase the usefulness
of this institution in very substan-
tial manner"
Evening star., 1924-05-11
LODGE COURT PLAN
HOPELESS LEAGUE
OFFICIALS BELIEVE
Doubt Any of As Members of
Present Tribunal Would
Support Proposal.
U. S. ADHESION HELD
PRICED Ex0RBITANTLY
Spokesman Points Out Possible
Election of Judge Moore Head
of Present Body.
BY the Associated Press.

GENEVA, May 10. - The measure
introduced in the American Senate
by Senaotr Lodge for the establish
ment of a new international court of
Justice, as detailed in fragmentary
ment in league of nations circles
where the opinion was expressed
that the forty-five countries which
adhered to the existing world court
OF justice would never abandon the
present institution merely to obtain
American adhesion to some new and
untried tribunal.
Spokesman for the league court
said that the present tribunal was
considered by world statesmen a hap
by realization OF century-old aspira-
tions, and a useful international in
stitution based on the principle of
the equality Of stateG Because of this
TIE Lodge project is described as
both needless and destructive.
Judge Moore May Head Court.
The spokesman pointed out that
the present court is open to the
United States without membership
should that nation desire to submit
cases to it, and that an American
judge. John Bassett Moore. occupies
seat on its bench. In this connec-
tion Judge Moore's election to the
presidency of the tribunal was men
toned as a possibility soon.
In some quarters the opinion was
expressed that the Lodge proposal
possesses the idealistic advantage of
universal acceptance of. compulsory
Jurisdiction, but that this condition
would probably kill the project in ad-
vance, as none of the great powers
had as yet accepted compulsory jur-
iSdiction for the existing court of
justice
The financial commission of the
league OF nations. which met today,
probably will approve the courts an
nual budget of 100000. The present
docket of the tribunal is cleared, but
five new cases are expected to be sub
mitted at the June session.
Evening star., 1924-05-11
BY N. o. MESSENGER.

President Coolidge, his nomina-
tion assured beyond peradventure,
is devoting his attention to the
construction of the platform upon
which he is to run and upon which
all Republican candidates for of
flee will go before the people. 1t
is we'll understood, Of course, that
the essential policies of the party
are framed in the convention, but
not necessarily by the convention,
beyond indorsing what the titular
head of the party and the great
leaders propose.
1t is safe to assume that the
platform to be presented to the
convention will contain all that
the President wants and nothing
that he opposes. Republican lead
ers here do not agree with the
prediction of DR.. Nicholas Murray
Butler of New Yorfl that Presi-
dent Coolidge will find himself in
conflict with influential Republi-
can leaders over the platform.
The sentiment of Republican lead
ers here is that DR.. Butler is on
the wrong tack in thinking that
the Republican party has any in
tention of standing for modifica-
tion of the Vostead act.
!: i: J: *
The best sentiment among hotb
Evening star., 1924-05-11
COOLIDGE TAKES UP TASK
OF FRAMING PLATFORM
To Dictate Policies Upon Which Repub'
lican Party Will Stand; McAdoo Senti-
ment Takes New Squirt.

Democratic and Republican leaders,
is that neither party will have
the temerity to propose in its ma
tional platform anything that even
squints toward abatement of the
national platform. but that each
national platform, but tina teach
can be depended upon to thunder
loudly for law enforcement-and
'let it go at that"
X \ X
Politicians, commenting upon
Presidents Coolidge's actual and
militant leadership of the party,
several evidences Of which have
been given recently, profess to see
his hand in Speaker Gillett's de-
cision to make the run for the
United States senatorship in
Massachusetts,. 1t is thought that
his decision to announce his can
didacy was largely induced by
President Coolidge.
This will naturally carry with it
the support of the administration,
which will be an asset to Mr..
Gillett. 1t is recalled that when
Speaker Gillett was being dis
cussed for appointment as ambas-
sador to the court of St. James,
he announced in an interview in
The Evening Star that his place
was in the House and that his duty
was along the lines of service as
CONTINUED on Page 5 Column 81
Evening star., 1924-05-11
PRIZES FOR ORATORS
AGAIN NEXT YEAR
The Star Would Stimulate Study of
Constitution in d. C. High
Schools.
THIRD JUDGING TOMORROW
Conclusion of Preliminaries in
Present Contest on Tuesday.

So stimulating to the study Of the
Constitution is The Stars oratorical
contest proving that this paper is
privileged to announce a second con-
test in the local high schools next
year, along lines similar to the
present one.
Whether or not national competi-
in view of the widespread interest. in
this years event and its belief that
the interests of good citizenship are
served by stimulating the youth Of
this city to the careful study of the
Constitution, which is the foundation
of American institutions, will offer
prizes as an impetus to further stu
dent activity.
This means that The Star oratori-
cal contest will take its place in the
high school year along with other
competitive events of great import
ance to student bodies.
AS the work Of the board Of judges.
consisting of the Justices Siddons,
Robb and Mccoy, got under way last
week the interest in the present con-
test mounted to white heat in the
high schools. So far three students,
winners in their respective schools,
have been heard individually, with
five more to be heard this week, two
tomorrow and three Tuesday.
Awarded Cash Prizes.
Each of these contestants has been
awarded a prize Of 800 by The Star
for being adjudged the best second
airy school orator in his or her school.
From the eight the judges will select
the grand prize winner, who will
represent this city in the national
contest to be held in Memorial Con-
tinental Hall June 6, when President
Coolidge will preside.
Students and faculty of the high
schools are enthusiastic in their
praise of the contest, and the bene-
fits derived from it by all concerned.
Miss Sarah f. Simons, head of the
department OF English of the Wash
ington high schools, last night said:
The oratorical contest which is
being conducted by The Evening
Star has aroused great interest in
both the student body and the faculty
of each of the several high schools
of this city. 1 shall not consider the
intrinsic worth of the contest, its
value in calling the attention of the
pupils in a very real way to the
meaning of our Constitution, but shall
confine my remarks to a word or
two concerning its worth to the stu
dent of English from the technical
and practical points of view.
Modern LIES Demands.
Modern life demands Of our cit
izens ability to face an audience and
speak intelligently and intelligibly to
varying groups of men and women.
During the world war Adtt Gen. Nc
Cain reported that many men failed
to qualify for the officers reserve be-
cause of their inability to articulate
clearly, and he expressed the hope
that in the future greater emphasis
be placed upon the basic principles of
public speaking in the training of
our youth. Surely, then, high school
students should be trained ito speak
Continued on Page IA, Column J.
Evening star., 1924-05-11
PARIS Indifferent
ON ELECTION EVE
Composition Of Chamber of Depu-
ties for Next Four Years Will
Be Decided Today.
JOAN OF ARC FETE PLANNED
Royalist and Communist Gains
Foreseen by Observers.

By the Associa ted Press
PARIS, May 10.-The utter indif-
ference of the man in the street as
to the result of tomorrow's election,
at which the composition of the
chamber of deputies for the next four
years will be decided, was the out
standing feature of the final hours
of the campaign for the American
observer tonight.
Aside from the airplanes which
scattered tracts and ballots from the
sky in behalf of two war-ayiator
candidates-on opposing tickets-the
day passed with a singular absence
OF election stunts and no torch-light
parades were planned for tonight.
True. the city was benagged with
the tri-color and gay bunting. but it
was a mere coincidence, and the
decorations were in evidence because
the national fete of Joan of Arc will
be held tomorrow. A few sreamers
over the saloons in which candi-
dates had established campaign head
quarters and the ever-present bill
boards plastered with declamatory or
defamatory posters and cartoons
were the only visible signs that to-
morrow would be anything but a
good day to go fishing on the Seine.
Polls Open at 8 Am.
The polls open at s am. and close
at pm The voters may bring
party workers outside polling places
or get them within. Many ingenious
tricks have been tried throughout
the country to hand ballots contain
ing the names of the first three or
four candidates of their chosen list,
followed by names from a list dia-
metrically opposed. Thus the ma
tional bloc in the first Paris district
today charged that some Royalists
were trying to slip over one of their
own candidates by that practice. The
chagrin Of any simonpure Republi-
can who finds that he has unwitting-
ly voted, through this means, for a
candidate championing the restora-
tion of the monarchy can easily be
imagined.
The general belief of well-informed
Royalists and Communists-will make
distinct gains, perhaps even doubling
the formers seventeen and the latters
thirteen seats in the outgoing chamber,
and that change in the intermediate
groups may possibly leave M. Poincare
without a homogeneous majority such
as was returned for him in the 1919 cleo
ton In this case France would be po-
1itically akin to Great Britain and Ger
many wherein neither the House of
Commons nor the Reichstag has any one
party a sufficient majority for control.
Aside from in the third district of
Paris, where former Premier Painleve's
left bloc candidates have come out in
favor Of general cancellation of the
CONTINUED on Page z Column 81
Evening star., 1924-05-11
MOTT SCHOOL AFIRE;
LOSS PUT AT $500
Two Alarms Bring Out Police
Reserves; Origin Is Unde-
faryniped

Fire breaking out on the lower floors
Of the Mott School, 4th and w streets,
early today assumed threatening pro-
portions before firemen, responding to
two alarms, could check it The origin
is undetermined.
The fire apparently started in the low
er southeastern corner Of the structure,
eating it's way to the upper floor, and
gradually spreading through the lower
floor. Dense smoke caused by varnish
on the desks, fampered the firemen.
Damage is estimated at about $500,
unoficially, although thorough inspec-
ton viii be needed to give the loss
moro definite proportion. Fire Chief
George Watson and reserves from the
eighth police precinct under Lieut. Sui
livan responded when the second alarm
was sounded
Evening star., 1924-05-11
Plans Approved to Radiocast
Entire Republican Convention

give virtually every radio set owner
in the country a chance to hear the
proceedings If the broadcasting sta
tions agree to the terms.
George F. Moran, chairman of the
press executive committee OF the ma
tional convention for Cleveland, has
opened negotiations with stations
at Kansas City, Chicago, Pittsburgh.
Buffalo, Providence, r. l.; Atlanta
Dallas, st, Louis and Omaha to sup
ply the full convention proceedings
1t is already certain broadcasting
will take place from Cleveland, New
York, Pittsburgh and Washington.
local convention officials said.