davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-28
ARE
UNDECIDED
0NL0AN
Nothing Has, Been Done by
Wall Street in Regard to
Loan to Germany.
By w. 8. COUSINS.
Copyright, 1924. by Cosmopolitan
= Me- QaH1ySnn

NEWS DerVlCe,l
NEW YORK, March 2S.-Wall
street bankers are no nearer con.
sideration Of a loan to Germany to.
day than they were sig months, or
even year ago. reports and rumors
to the contrary Notwithstanding,
Practically nothing has been done
to warrant serious consideration Of
an international loan; no decision
on reparationsi no balancing Of the
German budget; no permanent form
Of currency, the retenen mark being
regarded as temporary; no general
acceptance Of the only possible ex-
pedient for paying Preparations,
namely, through outside purchases
of German exports.
Until these matters are settled,
New York bankers said today, dis
cusSions with respect TO the German
loan can be little more than con-
lecture, based on premature con-
illusions. The Dawes-Young investi.
cations may be of assistance to
pave the way for international
financial cooperation, provided the
conclusions Of American observers
are acceptable to Germany's prin-
cipal creditofs,' France, England,
Belgium and Italy. Unofficial fore
casts of this report, on information
obtained directly from General
Dawes, strike an optimistic note in
all the worlds financial centers; and
doubtless it will finally reach the
public uncensored. But much will
depend on the attitude of the
French government to the proposal
contained therein. /
That the German industrial or
ganism Is in excellent condition, is
readily admitted. The railroads of
the New Republic would form a sub
stantial security for an international
loan, again provided they were re.
leased for that purpose by the rep
araLlon commission. With these as
collateral, 1t would not be necessary
to require the allied nations guar.
anty as in the case of Austria, and
the coupon rate would probably be
lower. Germany is far from bank.
rupt, industrially she could easily
be put back on her feet; and her
rehabilitation would be an important
contribution to world progress.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-28
PUBLIC UTILITY
I BONDS ARE
POPULAR
Prompt Acceptance Of New
Issues Evidence of Crow
ing Demand.
BY MUNROE ROBERTS.
Copyright, 1894, by Cosmopolitan
News Service.)

News SerVlce.D
NEW YORK, March 28.-The
prompt acceptance by the Invest
ment Market of the new $35, 000, 600
twenty-year five per cent bonds zof
the Western Electric, on 6A Yfer
cent basis, is another evidence of
the growing popularity Of high
grade public utility securities.
Though a privately owned corpor.
alton, the debentures of Western
Electric have wide distribution
among investors. Based on today's
prices for outstanding preferred and
common stock, there il an equity of
$103, 900 900 in an issue later than
the debentures.,
There is no doubt that future
developments in American industry
will lie along the channels Of public
utility service. Thousands OF small
communities are retarded by tho
inability Of light, power water and
traction transportation companies to
extend services. Towns and cities
in newly developed territories are
expanding much more rapidly than
the facilities for extending these
forms Of service.
One explanation for this compare.
lively slow development, according
to experts, 10 the inability to attract
new capital sufficient to finance ex.
tensions and expansion. Millions of
dollars could profitably be employed
in public enterprises, and return
handsome yields to investors.
Investment bankers, specializing
in public utility financing, are con.
Quoting campaign which has al.
ready resulted in the sale of mil.
lions of dollars worth Of securities
to investors who have known little
Of public utility issues. Mo- more
promising future is held out in any
other field Of public finance and
investment.
Public offering was made today
Of an issue of $4,000. 900 Cleveland
Union Terminal company first
mortgage five per cent sinking fund
gold bonds, series 3D." due 1878
at 81 to yield 5.15 per cent.
Other offerings included 81 600, 000
City of Portland. Oregon, gold 4
per cent water works bonds, due
1895 to 1854, priced to yield 4.5O
per cent and 100000 Harrisburg
Light and Power company first and
refunding mortgage s per cent gold
bonds, due 1852, at IS to yield about
6.S5' per cent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-28
Rail Earnings Favorable.
BY Cosmopolitan News Service.

NEW YORK, March 2s.-Addi-
tional February railway reports. is
sued today, continued to compare
favorably with those Of the cor
responding month last year.
Northern Pacific reported net in
come in February Of $1A66,7T1
against a deficit Of $S1, 1896 in Feb
ruary. 1923.
Net income Of Great Northern
was $66S. 1929, Nagainst a deficit Of
$637 ,46S last year.
Net income Of Illinois Central was
$3,04S, 607. an increase Of $7S7 $40.
Met income OF Chicago, st. Paul,
Minneapolis and Omaha was $685.
415, an increase of $25S.11S9.
Net income Of Gulf, Mobile and
Northern was $92rA6S. an increase
of $24.753.
Net income of Chicago and
Eastern Illinois was $1S4,20 q de.
crease of $42,426,
Net income of the Rock Island
lines was 1880, 406, against q de.
ficit Of $513,2S3 last year.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-28
Liberty Bonds.
OLDEST GREEK SCRIPT
IS DISCOVERED IN SYRIA

PARIS, March 28-French archae-
ologists working in Syria have dis
severed at Saliyeh, in the Euphrates
region. a Greek city founded just
after the death Of Alexander the
Great, 2,246 years ago, and aban-
doned in 27S AID, when the desert
sands covered it.
. Among the objects dug from the
ruins are number of parchments,
one Of which, written in 189 BIC,
IS said to be the oldest Greek manu-.
script extant, and a series Of valu.
able mural paintings.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-28
Chicago Grain Market.
FURNISHED by w. B. Hlbbs & Co

CHICAGO, March 28.-Grains
were dull and practically unchanged
at the start today.
Wheat started Nc lower to &c
higher, with buying by strong COM
mission houses and selling scat
tered! Trade light.
Corn started unchanged to Nc
lower, the distant methods showing
the decline. Trade light and mar
ket exceedingly nervous.
Oats opened unchangN0 20 Q
shade firmer. with scattered buying
and limited offerings.
Provisions started strong for ribs
and inactive for lard.
Opening prices were:
Wheat-May, $1.01 y @1.01x; July,
$1.03Nt September, $1.04k @1.04%.
Corn-May. 55% @65%c; July,
TIN 077Nc; September, 77%@77h.
Oats-May. 46Ac; July, 4ShQ
4S1kc: September, 40Kc.
Rye-July, 67hc.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-28
a1s@ BUSINESS AND FINANCE ny sesn HsHes
Local Stocks.
FURNISHED by W. B. Hibbs & Coz
SALES.

FURNISHED by W. B. Hibbs & Coz
SALES.
Washington Gas SIS, $2O0@1OO1s.
metropolitan Railroad IS. $1,000
ssk. =
Washington Railway & Electric
As. $1.OaQ@71%.
Washington Railway & Electric
Preferred, 1O9721s. 1o072%. 100
1875, 1Oss72ss, 1O@724s.
Washington Gas Limited, 1O@49N.
5@4S%.
Columbia Title Insurance Com
pany, 4@S.
National Metropolitan & Insur-
ance Preferred, 25@8%, 50@8%, 50
Q8&, 50@8%, 2508%.
After call--Washington Railway
& Electric Preferred, 1O@72ss, 20
@72%, 2O@725s.
Capital Traction Company, 5@94,
5@94h.
Washington Gas Limited, 5@49%.
Lanston Monotype, 10@71%.
Washington Gas 6's, 81, 000@10O1a,
$500@1O01s.
Money-Call loans, 5Q6 per cent.
Public Utility Bonds. j.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-28
Students Honor Harding.

AS an attest to the memory and
respect. of the late President Warren
G. Harding, the students of Howard
University collected among them
selves SHIPS to be given to the
Harding Memorial Fund. DR.. e, T..
Parks, dean of men at Howard had
charge of the collection.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-28
Bond Issue Authorized.

The Interstate Commerce Com
mission today authorized the Min
neapolis, St. Paul and Sault Ste.
Marie railroad to issue $3,471,374
of collateral trust. notes in connec.
ton with the purchase of SO,263
shares Of common capital stock of
the Wisconsin Central railroad.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-28

Sinclair crude Gil I g iss ss::. ~
Union Pacific 10 19A7........... sou
Union Pacific cY. 10 1921. 1000. S6M
va.-Car. Chem. 7KA 'ST...... 92K
verente Sugar 7s fM2.......... SS
West. Union g. 1897. ......... 1l0N
Wilson Co. LIST Sc 1891. SIK
Winchester Arms TVS 1s41...... 1o1
West. Maryland 1st - ........... GIN
Western Shore 90 ............... 80%
U S. Steel Corp. 81 ............. 102N
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-11-14
8 CHILDREN ARE
RUNDOWN IN
STREETS
None = Seriously Injured.
Five Other Persons Hurt
IN Traffic

Eight persons including three
children were injured In traffic
accidents yesterday.
Griffen White. ten. ITO Twenty
tifth street northwest, was run
over ~ 4 small touring car. He
was treated III Emergency Hospital
Tor bruises on the forehead and
fracture Of the left knee.
Viola be Carlo. eight. 1897 North
Capitol street, was crossing North
Capitol street at Florida avenue
when struck and knocked down by
an auto. she was treated at sibley
Hospital for decorations to the
head.
While crossing First street at
N northwest, Catherine jackson.
colored thirteen. 1904 Wylie court
northeast: was knocked down By
an automobile operated by driver
who tailed to stop. She was
treated at F'reedman's Hospital for
head wounds.
An automobile driven by william
r. Collier, Hillyer court north
west, collided at Massachusetts,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-11-14
ROBBERS HELP TO FIND
SIT 400, 900 m LOOT

CHICAGO. Nov. with six
men Of the nine under Indictment
for the 100000 Rondout mail
robbery pleading guilty and fur.
nishing the Government with In
formation. it was stated here thar
81 100000 Of the securities, have
been recovered These were largely
Liberty and municipal bonds.
TO find the missing 100000 the
four Newton brothers and Brent
Glasscoclx were taken out OF jail
and guided inspectors to a south
side house. In order not to arouse
suspicion they went past the hid.
ing place without slackening speed,
but the Newtons pointed out the
building and the number was noted.
The trunks in which the plumber
is i hidden were checked at the
Union Station shortly after the
robbery, it is said. and later We're
delivered at the south side house.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-11-14
CELESTIAL Orb
IS MINOR
PLANET
Prof. Leuschner Identifies
Fast-moving Object Ii
Heavens

BERKELEY, Cal, Nov. 14.-Pri.
mary calculations Just conplated
under the direction Of Profe ssor Al.
O. Leuschner, Of the Astronomical
department OF the University OF CalI-
Iornia, and his assistants, reveal
that the fast-moving object discOv-
cred October 23 last, by Professor
6aade at BNIgedorf, Germany, is a
MINOR planet moving in a highly
eccentric ellipse, close to the earth
ana near its perihelion, said an an.
ho1ncement by Professor Leusctncr.
The calculations, the announce
nicnt said, were attended by great
dlfficulties due to the discovery Of
errors in earlier observations.
While the inclination of about
twenfy-six degrees is exceeded by that
OF the planet Albert . said Professor
Leuschner's statement, with ineli-
nation Of about SO degrees, and while
the eccentricity of about SIS one.
hundredths is equaled by two other
planets, there is no other planet now
known which has both such high in.
ciinAtion and eccentricity
Orb Is Receding.
At its closest approach to the
earth about d month before dis.
coyery near perihelion on September
q, the lnewl planets distance was
about twice the distance Of the
famous planets Eros and Albert at
their closest possible approach. The
new planet is receding from both
the earth and the sun.
The mean daily motion of the
new planet Is about 7,S5 seconds of
arc. The length OF the semimalor
avis Of the ellipse is two.and-tnree
fourths astronomical units. The
orbit intersects the ecliptic at a
point z43 correct degrees east OF
the verpal equinox and the peri
helion point of the orbit nearest the
SUM lies 1903 degrees farther east in
the orbit
(The ecliptic is that great circle
OF the celestial sphere which is
the apparent path OF the gun
among the stars, or that of the
earth, as seen from the sun; the
plane of the earth's orbit EXTENDED
to meet the celestial sphere.)
The investigation was made Los.
sible chiefly by the accurate OBJ
servation obtained at the Lick OBJ
servatory since October 80 by Assist
ant Astronomer III. NJ. LETTERS and
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-11-14
MOTHER OF TRUANT
GIRL LANDS IN JAIL

WEST CHESTER. Nov. 14.--Mrs.
Agnes Maloney. Of Downington, was
released after serving five days
in prison here for refusing to per.
init her daughter to attend school.
She was fined $3.50 and costs Of
So by Justice w, G. johnson, but
refused to pay and was sent to a
prison cell to think 1t over. The
child is back In school, but her
mother has not paid the fine and
costs.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-11-14

latter car were slightly cut and
bruised.
Two machines oollided at Massa-
chusetts avenue and Fourth street
northwest Irene Bradley, 500
Second street southeast, pas-
senger In one Of the cars was
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-11-14

avenue and Tenth street north
west. with one operated BY Robert
e. Talbert, 467 Luray place north
west. Joseph 4. Boyle, 7103
Seventh street northwest, and
Enoch Bradshaw, 1889 Newton
street northwest, passengers in the
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-11-14

Astronomer r. H. Tusker. An OBJ
servation OF october % by Doctor ".
Biesbroeck at the Yerkes Observa,
tory at the University of Chicago
and one by Il. G. Bower at the
United States Naval Observatory at
Washington, d. c., also were
utilized"
The planet. Professor Leuschner
said, has been photographed by II.
B. Raster, graduate student Of
astronomy.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-11-14

slightly bruised.
Joseph TortoFice, l46 d street
southeast, was knocked down BY ail
automobile at First and Maryland
avenue southeast. The driver
failed to stop. Tortorice was
bruised on the head and body.
Evening star., 1924-06-16
BIG ADVANCE NOTED
IN FRUIT SHIPMENTS
Movement of Vegetables in South
Also Establishes New Record
for All Time.
Special Dispatch TO The Star.

Special Dispatch TO The Star.
ATLANTA, June 16.-Fruit and
vegetable movements from the south
ern states are one-third heavier than
ever before. More than 609, 900 car
loads have been shipped to date, with
about one-half of production still to
be marketed, according to the At
lanta bureau Of agricultural eco
nomics. Prices have been uniformly
good.
President Markham of the Illinois
Central, now on a trip in this terri
tory, said today that the magnitude
Of the fruit and vegetable interests
had astonished him and given him a
new idea of the possibilities of this
section from the point of view of di-
versified farming.
Strawberries and cantaIoupes have
formed the larger part of the south
ern fruit shipments in the last week
Florida melons are late and only a
few cars have been shipped as com
pared with the 1900 sent last year at
this time. The Georgia crop will be
large as a result Of an increase in
acreage.
Evening star., 1924-06-16
40 STOCKS QUOTED
EX-DIvIDEND TODAY
Wall Street Briefs Also Include
Earnings Reports by Several
Big Corporations.
By the Associated Press.


More than 40 stocks were quoted
ex-dividend on the New York Stock
Exchange today, the more important
issues including American Car and
Foundry preferred and common. sFa-
nous Players, American Steel Foun.
dries. Mack Trucks, Kresge, Crucible
steel preferred and Tobacco Products
Lehigh Valley railroad rights to sub
scribe to the new Lehigh Valley Coal
shares expired today.
Earnings of the American Water
Works and Electric Company for the
year ended April 80 totaled $3,305,
$50. equivalent after first preferred
dividends to 1885 a share on both
the common and participating pre-
ferred stock outstanding. This COM
pares with s2.333.s39, or $40 a share
in the preceding twelve months.
Net income of s4.115.717 was re-
ported by the Consumers Power Com
pany for 1928. equal after preferred
dividends to s1s.77 a share on the
common stock. against s3,196.S3s, or
s1s.75 a share in 1922, and gave sur
deficit of s179,134 the year before.
Gross earnings were $16.S77,422, a
gain of more than $2,500,o00.
The Southwestern Bell Telephone
h-ompany reports net income Of So
249,533 for the first quarter Of 1924,
equal after preferred dividends to
s249 a share on the common stock.
Pig iron in the Chicago district was
quoted today at $21.50 a ton, a reduc-
son of so cents below laat week.
Evening star., 1924-06-16
ALL THRIFTY PEOPLE
REAL CAPITALISTS
Banker Urges Far More Educa ton
Regarding Nations Vital Eco
nonic Problems.
Special Dispatch to The Star.

opeclai Dlspatch 10 IDe Star.
BOISE. Idaho. June 16.-The efforts
of the bankers of the country to
remedy the lack of public informa-
ton on economic subjects were re-
vealed here today by Frank w. Sim
monds, deputy manager of the Amer
ican Bankers Association in an ad-
dress before the Idaho Bankers Asso-
citation.
There never was a time when
wrong economic thinking was more
prevalent than IL is today, or when
right thinking was more needed" Mr..
Simmonds said. We are again ex-
perIencing wave of mob psychology
led by selfish blocs. political charla-
tans and economic fakirs, the core of
whose propaganda is a confusion of
the meaning of money, credit and
capital. More than half Of our radical
propaganda would be spiked if there
were a general understanding that
capital has a far broader meaning
than mere money. Capital consists of
factories. farms, railroads, buildings,
machinery, tools and brains, and
everything that is used to produce
things.
Defines Real Capitalists.
"The real capitalists of America are
the hundreds Of thousands of frugal.
thrifty people throughout the length
and breath Of our land, owning their
own homes, holding small units of
stocks and bonds in railroads, indus
tries and public utilities. and repre-
senting S0,000,000 savings accounts.
When people understand that radical
attacks are attacks upon their own
interests and property, they will elm
mate the services of the political
charlaton who breaches a belief that
business is bad because it is big,
when, as matter of fact, business
usually grows big because it is rem
dering needed public service and is
being conducted along fair lines.
More Education Needed.
Economic problems in recent years
have outrun the ability of the ma
jority to understand them. Economic
education has been neglected, and has
fallen twenty-five years behind our
Industrial development, and this to-
day constitutes peril unless correct
ed. The need for better public un-
derstanding. through economic educa-
ton, is a ringing challenge for active
leadership and cooperation in culti-
waiting sound, intelligent public
opinion regarding business and gov
ernmental processes. With this goal
in view, the American Bankers As
sociation has mapped out and is con-
Quoting effective educational pro-
grams through the American Institute
of Banking, the public relations COM
mission and the public education COM
mission.
Evening star., 1924-06-16
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

CLEVELAND, June 16.-The Peer
less Company shipped 6O7 cars in
May against 565 in May last year and
e32 in April this year. The Jordan
Company reports May shipments
ahead of May. 1923. Stearns ship
ments were 10 per cent better than
May. 1923. and per cent ahead OF
April sales this year The Cleveland
Automobile Company states May bus
mess compared favorably with that
OF May last year.
DETROIT. June 16.-The May ship
ments OF the Ford Company of Cana
ia totaled S,177 trucks and 33o trac-
tors' as compared with 10,021 and
il9 a year ago. The Canadian ship
ments for the first five months OF
the year, however, totaled n,2s3 cars
as against S9,04S in 1928.
ST. LOUIS. June 16.-Automobile
licenses registered in this city the
last las four months Of this year totaled
lo3,lS2 or only A less than were
licensed during the entire preceding
license year.
SHREVEPORT. La. June 16.-The
peak of production in the Louisiana
aiiu ~ ndllSdS llelOS seems TO nave
passed. the daily average having
dropped 1S.437 to 206,oSS barrels in
the last week. Smackover operators
are considering an agreement to cur
tail production until next fall.
AKRON, June 16.-The tire output
Is being reduced, although forces are
being kept intact by switching work
ers from small to large size tires.
FORT WORTH, June 16.-Harvest-
ing OF wheat has started in the Pan
handle and various sections are ap-
pealinG for laborers. The yield is bet
ter than any time since 1920 on the
plains and marketing will start at once,
as prices seem strong.
Evening star., 1924-06-16
BALTIMORE EXCHANGE
MAY RAISE COMMISSION
Proposed Higher Rates in New
York Pave Way for Advance,
Members Say.
Special Dispat tch to The Star.

Special Dispatch to The Star.
BALTIMORE, June 16.-Commis-
sion rates on sales Of stocks and
bonds on the Baltimore Stock Ex-
change probably will be raised in the
not distant future.
Many members have believed for
several months that rates were too
low, and recently no little agitation
has been developed in favor of in
creasing commissions Action of a
committee of the New York Stock
ExchApge recommending an increase
in. it's rates paves the way for SINH
lar action by the Baltimore Exchange,
1t is stated.
Local commission rates for selling
bonds are at the rate Of $3.50 a 81 900
bond. At one time the rate was $25O.
This was cut to $1.25 and later in
creased to the present amount.
1t Is pointed out that on a sale of
$4,000 worth Of bonds q Baltimore
brokerage firm received only SIS ns
its remuneration, and that this was
far out Of line with commissions in
other business enterprises, DESPITE
the fact that costly statistical serv-
ices are conducted for the benefit Of
l bond buyers
Rates on stock sales are also held
to be low.