davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1924-06-10
DISPLAY
UPWARD
4. TREND
Buying for Investment Ac-
count Stimulated by Ease
in Money Rates
BY HI. j. DUIZEND.
International News Service Staff
Correspondent:


Correspondent:
NEW YORK, June 1O.-The move.
ment of prices was upward in the
forenoon trading on the stock ex-
change today. Overnight business
news contained nothing on which
the improvement could be based,
and 1t was assumed that the mar
ket's strong undertone reflected
Wall Streets qualification over de-
velopments at Cleveland, especially
the disposition of the Republican
convention to seek a conservative
as the candidate for the Vice Presi.
dency.
Buying for investment account of
the better grade issues was stimu-
lated by the extreme ease in money
rates, the renewal rate for call loans
being fixed at 2 per cent, the lowest
figure since August 6, 1917. The
advance in most Of the strictly
speculative descriptions seemed
wholly attributable to the closing
out of commitments by bearish
spectators who have been improved
by their inability to dislodge i'm.
portant holdings on recent drives.
The rally was the greatest in
those cases which have been the
chief target Of professional attack.
Sugar shares, for example, were
quick to reflect the turnabout in
the market for the commodity, ad.
vancing vigorously on extensive
short covering.
Motors, oils, equipments and
feathers displayed firmness.
Steels, however, showed a ten.
dency to await the tonnage figures
Of the steel corporation to be pub.
lished at noon.
Pool operations were responsible
for the rise in a few specialties,
notably International Paper, New
York Dock and Philadelphia Read
ing Coal.
Buying of ncndividend rails con-
tinued undated under the leader
ship Of Missouri Pacific preferred,
which reached a new high for the
year above AZ. Accumulation for
the long pull was reported in this
issue, based on consolidation pros.
poets, the realization of which
would make the stock the senior
security of a great new system Of
railroads. New Orleans, Texas and
Mexico revealed strength in the
high-priced carriers division.
Grains developed great strength
in response to the bullsh Govern.
ment conditions report. Cotton was
steady
The Washington times., 1924-06-10
DENNY UPHOLDS
OIL LEASES
To JURY
Former Secretary Tells Inquis-
itors All Were Legal and
Made in Nays Interest

The special grand jury investigat-
ing charges of criminality in con-
nection with oil leases which at the
time it was sworn in was admon-
ished by Justice Hitz Of the District
Supreme Court not to listen to any
hearsay testimony, or to be influ-
enced by political motives. is in its
seventh week Of hard work with
special counsels Owen Roberts and
Atlee Pomerene in charge.
Edwin DENLY, former Secretary Of
the Navy, Admiral j. X. Robson.
engineer.in.chief of the Navy and
Admiral l.. G. Gregory, were the
witnesses who testified today.
Mr.. DENLY, who resigned mis- Of
flee following the Senate's inquiry
into the Teapot Dome leases. in
sisted that the leases were legal and
for the best benefit and interest Of
the Government.
Admiral Robson was one Of the
officials who passed on the leases
and recommended them.
The Washington times., 1924-06-10
IL. 5. TREASURY.
NOTES Sell
EASILY
New Issue of Certificates Yes
terday oversubscribed, In
coming Reports Indicate
Bx HARRY GUsACK.

Substantial oversubscription to
! The new issues Of 2% per cent six
months Treasury certificates was
Indicated in the reports received
today by department officials from
the various Federal Reserve dis
tricts.
Quick absorption Of the Govern
ment issue, despite the low rate, is
regarded by bankers and Govern.
ment officials as clearly demon
etrating the Treasury's estimate of
easy money conditions.
Call money on the New York
Stock Exchange yesterday touched
2 per cent, the lowest figures since
November, 1919, after opening at
IA per cent for renewals, which
has not been equaled since 1917.
Bank OF Commerce Dividend.
Directors Of the Bank Of Com
merce and Savings have declared
: the usual semi-annual dividend Of
per cent payable July 1, to stock
holders of record June 20.
j. r. Mcmillan, national bank
examiner for this district, has re-
signed from the examining service
70 accept a position as vice presi-
dent OF the National Loan & Elk
change Bank Of Columbia, s. C.
Bank Legislation.
Failure of Congress to pass the
McFadden bill in the closing hours
OF the last session has called forth
considerable comment from Treasury
officials and bankers connected with
national banks. The bill was de-
signed to eliminate certain handi-
caps under which national banks
are operating and to Lberalize the
laws governing them so that they
might more successfully compete
with State banks. The bill failed
to, reach the floor of either house.
It will carry over until Congress
reconvenes in December, but it il
doubtful whether it will be brought
up for vote during the short SEES
sion.
The Washington times., 1924-06-10
POLICE NIP ROMANCE
At LICENSE BUREAU

Louis Bashoors. twenty-five, 224
Third street northwest. who claimed
descent from a long line OF patrician
Syrian ancestors, and Lena E.
Abrahams, sixteen, of Philadelphia,
were taken into custody as they
were putting pen to the marriage
license at Colonel Kroll's place in
the court house today.
Brought into police headquarters,
Miss Abrihams maintained staunch-
ly that she is twenty, put that her
parents are against the marriage.
She came here last night, but her
parents learned of her plans and
had the police watch for her. She
is going back to Philadelphia to.
day.
The Washington times., 1924-06-10
Foreign Bonds

FURNISHED by W. B. Hibbs D Coz
French 49,. ................... 29%
french OB... ssssSsss 81
Premium 5s.................. IS
British Victory 4s.........,...... 31S
National War Loan 6s.......... 500
War Loan .................... ass
Italian Notes Note i 1925. ..:M
Premium 5s................... 40
The Washington times., 1924-06-10
us. GOLD STORE
IS WORRYING
BRITISH
English Economists Declare
America Tries to Guido
King Midas

LONDON, June 10.-EngIand IL
getting really worried about the gold
supply of the United States, and
there are even intimations that
there is an attempt to "out-MidaG
King Midas"
The United States mas too much
gold for its own good, according ia
the theory advanced by the English,
who are worrying.
Messrs. Samuel Nontagu & Com
pany issue an annual bullion letter,
which this year carries the following
and pungent comment:
Out Of Circulation.
almost the whole of the worlds
output of gold is absorbed by India
country is the gold put into circu.
lation as currency. In the former Il
is regarded as a precious metal
bearing a ratio toward rupees. diff
fering from that set up by the impe-
rial government. In the latter IL is
informed in the reserve Of the Fed
eral banks, and it's accumulation
watched with anxious care lest Il
should operate to the prejudice OF
prices and trade. In other words.
the United States is suffering to
some extent from the trouble that
afflicted King Midas"
Using this statement as his text,
John Maynard Keynes. distin-
guished English economist, has
written for the Nation review OF
gold conditions, in which he cTtti.
cizes the policy Of, the United
States.
During 1928 gold imports into
the United States proceeded at
rate OF some $25 900 900 net month
w." Keynes writes. mot dollar
Of this was wanted, and the gold
reserves Of the Federal Reserve
system have now reached the I'M
precedented figure Of 80 per cent
Of their note issue and deposits
combined. Thus 1t has cost the
United States during the past year
about $500, 100000 to maintain gold
at a purely artificial value (made
up Of about $3.50 900 900 interest on
idle reserves and $35O, 000, 900 for
fresh redundant gold imported.
See MINIS to Close.
Yet If the United States were to
close their mints to the reception
Of further gold, everything would
go on exactly as before, except that
an additional $3.50, 900 900 Of capital
reserves would become available
during the year for use in other
forms. It cannot be reasonable to
suppose that this sort Of thing viii
continue indefinitely.
For example, it viii take less
than three years at the present rate
assuming that initiation is sue
cessfully avoided-for the gold OF
the Federal Reserve banks of
reach 100 per cent Of their liabili-
ties. What will they do then? They
must close their minis to gold or
suffer an involuntary initiation.
The Washington times., 1924-06-10
LARGEST PACK OF RIPE
OLIVES BY ONE CONCERN

FRESNO, CAL, June 10.-What il
said to be the largest pack Of ripe
olives ever turned out in one sea-
son by a single plant, either in
America or abroad, has just been
completed at the plant of the Lind
say Ripe Olive Company, at Lind.
say, near here.
The fruit comes from the groves
Of 120 grower members in the San
joaquin Valley. The seasons pack
totaled $1,000 cases. The previous
high record was $4,000 cases, made
several years ago in the Los An
geles district.
The Washington times., 1924-06-10
Chicago Live Stock
International News Service

Ant0Tmat1OnaI news SOFVIces
4 CHICAGO, June 10. = The hog
market was slow today with prices
for the heavy weights to 10
cents lower than Monday. Lights
showed the most reduction and many
were 10 to Is cents off late in
the day. Top was $40 for the
choice heavy with many under.
weight lights selling at 1925 to
$3.50.
Cattle of good finish sold steady
to strong with some little higher.
Cows and heifers were in demand
at strong rates where quality was
satisfactory. Bulls sold steady to
strong and calves were generally
steady. Feeders remained un.
changed. "
Lambs sold strong to Is cents
higher in the face Of light receipts
and good outlet.
The Washington times., 1924-06-10
N. Y. Cotton Market

NEW YORK, June 10.-Limited
buying by trade and speculative
interests lifted futures from to Is
points higher at the opening of
the cotton market today.
July opened at 27.95, up 8;
October at 25.45, up z; December at
24.83, up IS; January at 24.55, up.
ii points.
The Washington times., 1924-06-10
LATEST NEWS AND QUOTATIONS OF THE FINANCIAL M
Local Stocks
FURNISHED by W. b. Hibbs . Coz
SALES.

FURNISHED by W. B. Hibbs = Coz
SALES.
Washington Gas Light. s@4Sk,
2@4Sh. 6@4811, 10@4S1s.
Union Trust Company, 10@16s.
Mergenthaler Linotype, S@152,
5@152.
AFTER CALL.
Potomac Electric cons. SIS, $1,000
@97h. &l
Capital Traction Company. 4@94A
Washington Railway and Electric
As. $1,00O@7S.
Washington Gas 6's. 'SS. 5000
1O1A. $400@1O1. So0@101.
Washington. Gas Light? 10@4SaS.
1O@4SAi 10@48N.
MONEY.
Call loans. soc per cent.
Bid. Ask.
The Washington times., 1924-06-10
Chicago Grain Market

CHICAG ago, June 1O.-Wheat
opened ~ to 8 cents higher.
Corn-A to X higher.
Oats-% to u higher.
Wheat-July, 160@107A; Septem.
Der, 107% @109K; December, lilo
q.
Corn-July, 79A@%: September,
1871 IS; December: 72%73.
Oats-July. 461s@%; September,
40% Gal; December. 42k OK.
The Washington times., 1924-06-10
Oil Stocks

FURNISHED by w. B. Hibbs & Coz
Bid [ Ask
The Washington times., 1924-06-10
Curb Stocks

Furnished By W. B. Htbbs Z Co,
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-03-06
TRACHTENBERG.
TOUR is CREATING
FINE ENTHUSIASM
Party May Book Him to
Pacific Coast

The lecture tour of Alexander
Trachtenberg is being enthusiastic
ally received by Party organizations
thruout the east and middle west.
Applications are coming into the ma
tional Office of the Workers Party
every day and present indications are
that Comrade Trachtenberg will be
obliged to remain on the road sew
eral months in order to fill his en-
gagements.
The tour begins in New York City
on March 4. From there he will go
thru the northeast territory and will
commence to travel westward in the
latter part of March.
About European Labor.
1t was originally planned to have
the tour Of Comrade Trachtenberg
cover only the eastern and middle
western states. However, on account
of the great educational value Of the
lecture of Comrade Trachtenberg,
the national Office desires to give
every section of the Party the OPP
portunity to share the priceless ex-
perience Of his fourteen months
study of the Russian and European
Communist Parties and labor move
ments.
Comrade Trachtenberg's tour will
be extended to the Pacific coast If
sufficient response to the special
proposition of the national Office is
received quickly from the Party or
CARNATIONS in the west to assure the
meeting Of the heavy expenses for
railroad fare.
The subject of Comrade Tracht-
enberg's lecture will be "What /
Saw in Russia and Germany" 1t
will be review of the international
Communist movement, based on his
fourteen months study at first hand
Of the labor organizations and Com
muinst Parties in Russia, Germany,
Czecho-Slovakia, France and Aus
tria.
This lecture tour will undoubtedly
have profound influence on those
who hear it and will help to draw
them closer to the worldwide Com
munist movement.
Trachtenberg Dates.
The dates already definitely ar
ranged for Comrade Trachtenberg
are as follows:
Brooklyn, N: Y, Tuesday, March
a; New York City, Wednesday,
March 5; Waterbury, Conn.,, Sunday,
March 16, 2 p. m; Bridgeport, Sun
day, March 16, p. M; New Haven,
Monday, March II; Gardner, Mass,
Wednesday, March 10; Boston, Fri
day, March 21; Worcester, Saturday.
March %; Providen4, R. l., Sunday,
March %; PhiladelnAa, Pas Monday,
March "a; Baltimore, Nd, tuesday
March 25; Washington, D. c., We'd
nesday, March 26; Binghampton,
N. Y, Thursday, March 81; Utica,
Friday, March 2S; Rochester, Satur-
day, March 20; Rochester, Sunday,
March 30; Buffalo, Tuesday, April
1; jamestown, Wednesday, April 2;
Erie, Pa, Thursday, April 8.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-03-06
DGIUes' Loan Plan
Means MOrtgdging
German Railways

PARIS, Mar. 5.-The Dawes COM
mittee of experts completed today a
plan for organization and exploitation
of the German railways as the basis
for an international loan, it was re-
ported.
The plan is understood to include a
scheme for international supervision
of the German lines.
It is the opinion of the experts that
the railroads are worth 25,000,000,-
900 gold marks. Therefore, they can
be used as security for a loan and
possibly as securities for France, as
well, in view Of the latter country's
attitude.
The subcommittee on railroads re-
ported to the Dawes committee that
it will be necessary to cut down the
personnel of the lines and to increase
rates in some instances.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-03-06
Soviet Government
Gets so Pct. Profits
of Fish Concession
lSpacial 70 Ths paIly Workerl

MOSCOW, March 5.-A concession
has been granted to the Berlin firm,
Reuben and Bielefeld, for the prepa-
ration and export of fish exports.
This firm is entitled to buy, in the
regions of the rivers which flow into
the Black, Caspian and Baltic seas,
fish scales, glue, fish essences; ETC.,
and to export such products abroad.
The export Of the goods abroad is
to be carried out by license of the
Commissariat for Foreign Trade, and
the firm is to be subject to all the laws
and regulations in force in the Soviet
Union.
In return for these rights the firm
undertakes to pay to the Soviet gov
eminent fifty per cent Of the net
profits from the sale and working up
of these products, to submit its books
to representatives of the Soviet gov
eminent, and to give all required in
formation regarding the conditions,
prices and numbers of operations car
ried out. All disputes arising out of
this agreement will be submitted to
an arbitration court. The period of
the agreement is for five years.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-03-06
| ABOR PROTEST
DELAYS PASSAGE
OF PEONAGE BILLS
Anti-F oreigner Acts
Nav XMe;+ Vaa~
A"J ~ 0AS = COL

NEW YORK, March 5.-Now that
the hour is drawing near when Con-
gress must enact an immigration
law, New York Labor, aware Of the
dangers latent in this issue, is making
its voice heard. The existing i'm
migration statute will expire on June
30. Consequently, decision must be
reached before that date.
It seems, however, that a majority
of the federal legislators is unwilling
to provoke the sweeping indignation
of millions Of workers in America by
passing the proposed series of reac-
tionary measures to control immi-
grants. More accurately, Congress
appears eager to delay settlement of
these bills until after the expiration
of the present immigration law, so
that this statute will in all likelihood
be continued for another year.
Czarist Police Supervision.
Labor is generally informed con-
corning the nature of certain contem-
plated restrictions, which would i'm
pose Czarist police supervision upon
alien workers entering the United
States, as well as upon innumerable
laborers who have long since been
naturalized American citizens. While
some of the proposed laws would re-
quire that each immigrant worker
would submit his finger prints to the
authorities and would be obliged to
report to the police periodically,
other measures envisage deportation
on the fiimsiest pretexts.
In addition, the quota arrangement
under the suggested laws would re-
duce the number of immigrants per-
mitted to enter America from Euro
pean nations in which labor is known
to be highly organized and of rev.
dictionary tradition. Favoritism
would be shown to countries in which
the labor movement is VIGOROUSLY
primitive or reactionary.
Big Labor Protest.
These issues have been aired be-
fore large meetings of working men
in New York lately. The most re-
cent of these protest gatherings was
held this week at the Stuyvesant
Casino, where 100 delegates of la
Dor groups representing nine nation
alities formulated their polic y
towards the immigration dilemma. A
resolution passed at this meeting re-
fleets the opinion of the militant
workers in this region.
The resolution reviews the rise of
American Imperialism, with its
echoes at home in ''open shop" cam
psigns, suppression of trade union ac-
tivities and the use of terror against
all revolutionary spokesman and their
followers. The plea that immigration
limitations proposed would protect
American workers from immigrant
competition is refuted, and the res
olution asserts that this argument is
intended to conceal the attempt to
shut out class-conscious workers from
the country. The threatened control
of immigrants is branded as vicious
method to silence and thwart attempts
to resist exploitation. The state
ment finally appeals to organized Ia
Dor to unite against this campaign of
intimidation and repression on be-
half of the owners of industry and
financial powers.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-03-06
N. Y. Conference
for Foreign Born
Elects Executives
Especial to The Daily worker

NEW YORK, March 5.-"Without
the foreign-born workers there would
be no United States, because the
greater bulk of the workers in the
basic industries of this country are
foreign-born," said Ben Gitlow, the
chairman for the Conference for the
Protection of Foreign-Born Workers
held at Stuyvesant Casino.
Ludwig Lore, editor Of the German
daily "Volkzeitung", impressively
outlined to the delegates the way the
capitalist class of this country is
weaving a net to enslave not only the
foreign-born but also the American
workers by fostering the passage of
immigration as weapon against
their exploiters.
The Secretary of the Provisional
Council, Benjamin Lifschitz reported
that then different nationalities have
already organized language councils.
Executive Council Named.
A representative from each Ian
guage council together with the fol-
lowing seven elected by the Confer
ence will compose the Executive
Committee: l.. Haufbauer, Litz, Lud-
wig Lore, Lash, A. Bittleman, j.
Monk and Benjamin Lifschitz. Tae
Executive Committee was instructed
to start big press propaganda
campaign against the passage Of the
bills.
A resolution Of greeting from the
Lithuanian Conference for the Pro-
lection of the Foreign-Born empha-
sized upon the Importance Of the
workers Of all nationalities includ-
ing the American workers to create
a united front in a move against the
octopus Of capitalism threatening the
workers of this country, was read
and unanimously adopted.
A ringing resolution against the
slave laws was enthusiastically car
ried.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-03-06
Agriculture and
Credit Improve
in Soviet Russia

MOSCOW, March 5.-Success of
the New Economic Policy in Russia
was described by M. Kaminev in a
speech before the Soviet Congress.
He dwelt in particular on the rapid
regeneration of agriculture, whose
productive capacity has now reached
1874 of the pre-war level 1.-THE aggre-
gate value of agricultural produce
reached 2,400, 100000 gold rubles in
1928, against 1,900,000,000 in 1922,
and 1,100,000,000 in 1921.
The partial fuel and transport
crises are now over, and there is a
coal surplus in the Donetz fields. Elk
porting of Russian coal to foreign
countries is now considered. The
concentration in the towns of the
urban proletariat, dispersed during
the years of civil war, is rapidly
progressing.
Organization of credit has greatly
developed, the State cooperative
movement having been supplied with
credits aggregating to 532,000,000
gold rubles. The speaker sums up
his statement of the internal condi-
tions by declaring that a tremen-
dous progress has been achieved in
the peoples welfare; the "new eco
nomic policy"-he concludes-has
been amply justified and does not
call for revision.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-03-06
J. Hamilton LeUiS
Doing "A McAdOO"
In Mexican Deal

TO the DAILY WORKER.-Ac-
cording to a despatch from Mexico
City to the Los Angeles "Times, :"
J. Hamilton Lewis, the whip of the
United State Senate during Wilson's
regime, is understood to be the I'M
official representative of the United
States in the proposed loan of $685.
100000 to the Mexican government
by group of New York bankers"
Mr.. Lewis, however, does not adj
NIT to have any other connection
with said loan than that of illegal
adviser" like McAdoo). His sole
object, Of course, is the drawing up
of the contract Gin accordance with
the laws of Mexico and the United
States"
"The only political matters dis
cussed with President Oregon,
Mr.. Lewis Indicated" says the dis
patch, "were the present conflict be-
tween the two major parties over
the recognition of Mexico and the
sales of arms to this government.
Mr.. Lewis said he informed Presi-
dent 0bregon that the policy of the
political parties of the United States
in relation to foreign affairs was to
support the administration in any
attitude it adopted
Now, finally, this former whipping
master of the Senate allowed the
cat to slip out of the bag unwhipt-
if not unwept by democrats. Have
we not always said that both repub-
lican and democrats, nationally as
well as internationally, were badly
mixed up in the same stink-pot?
L. ]. RINDAL, Los Angeles.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-03-06
Here and There

SONG OF THE PEARL-DIvER.
/.
Wash, wash, wash
Dishes greasy and cold
Wash, wash, wash
Water soapy and hot.
Service plates piled in a mound to
the sky,
Coffee-cups dripping and waiting to
dry.
Garbage sinking and dish-cloths
wringing-
Wash. Wash. Wash.
Chicken bones heaped up and lob
ster-shells scattered.
-Four days to pay day and rent all
most due
Just like to sneak out a fat, brown
roast chicken;
Wife and the kids'd appreciate too
but
Wash, wash, wash
Bread plates and butter plates small.
Wash, wash, wash
Hours bitter as gall.
Feet just torture and back on the
rack
Eyeballs burning and knees kind of
slack.
Pitchforks and hot Goals I'm suf-
fering now
Wash. Wash. Wash.
INSOMNIA.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-03-06
Gouged Tenants VIII Rally To
Labor Party That Will War
On Landlords, Says League Head

The present crisis in housing conditions in Chicago will be
factor in determining the result of the election and
Labor Party which the tenants fight against crowd
and raising Of rents is bound poll large in Chi
said Grace H Hae attorney for the Tenants League of
Chicago Fl n La Sale street. to the DAILY WORKER yes
terday.
"The main issue, in my opinion which determined the
of the Labor Party in Great Britain its housing