davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11
GROUND IS LOST
BY Curb PRICES
Net Losses Held Down
BY Presence OF Buy
ing Support

NEW YORK, April 10sStock prices
lost ground under the weight OF heavy
short selling in today's curb market,
but the presence of substantial buying
support just under the market resulted
In net losses In the standard issues
being held to points or less -
Speculative selling of thesoil shares
failed to make much progress because
OF the improved statistical position of
the industry, although a few ordinarily
inactive shares, such as Standard Oils
of Ohio and Nebraska, Swan & Finch
and Illinois Pipe, dropped 3 to 4 points.
Prairie Oil and Gas dropped from 237
to 2331s, where it was off 2 points
/. on the day. Standard Oil of Indiana,
Vacuum, Mutual and international
yielded fractionally.
Buying OF Glen Alden Coal, which
advanced 215 points to 80, was the
feature Of the industrial list. Doehler
Die Casting, Lehigh Power securities,
Grand Stores and American Light and
Traction yielded point or more.
Changes in the bond and mining
groups were relatively small and unim-
portant
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

cline is moderate and the figures COM
pare most favorably with year ago.
The most active Influence in the market
has probably been the fact that the Sem
ate is now taking up actively the con-
sideration of. the soldiers bonus bill and
the doubt there Is in the public mind as
to whether this measure will become a
law. If 1t should do so, 1T Is. felt, that fS
would seriously interfere with treasury
operations and make very doubtful the.
possibility. of substantial tax reduction.
All together the market for the movement
is under the influence of pessimistic
sentiment. but at this level and after the
very substantial decline. which has al
ready occurred. such pessfmism can be
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

pounds and up, $3.50; 1855 to 400 pounds,
s7.7O; $50, to l6o pounds, 81; pigs. $4sJ
sheep nominal; fat sheep. ss@7i choice
laInos, sl0@12.
I CINCINNATI. O., April 10-Hogs-Re-
ceipts 5000; slow and steady; pigs csc
lower; stays. s4.00@425; pigs and lights,
s4.00@7.25;.
steady to soc higher: s4.oo@I3.5O.
sheep-Receipts SO; steady; lambs
steady.
LOUISVILLE. KY. April 1o.-Cattie-
Receipts zoo, steady; heavy steers IS o.
beer stesrs nsisrs ISSS
100; stockers s3Q6s
aSssTReesp,s Loo ,ss st eaSga, ~
piss, 4Sa@Es5; throwouts. ,7,75 down
lambs. s14@16; sheep. ss@s.
KANSAS CITY. April 1o.-cattle: Re-
ceipts. $500; calves. 500; beef steers
steady to strong. Bulk fed steers. $3.50
steady; top veals,. s1O bologna bulls. $4.25
Q4.6o; stockers and feeders steady, bulk,
$650@7.5O.
Hogs: Receipts. $500. steady. slow.
to 1920; bulk of sales. $685. @72o; bulk
steady to strong; bulk $5.7o@6.
sheep: Receipts, 5000; lambs strong to
weight wooled lambs offered; best on
sale. 1885; others, $16.10@16.25; clip
pers mostly $l410; native spring lambs,
$780, sheep strong, csc higher; shorD
wethers, $10.75. t
EAST ST. LOUIS. April 10.-Hogs: Re-
ceipts, 10000; butcher hogs steady to be
lower; one load, $7.55. Bulk. 10 pounds
and up. s7,4O@75O; 40 to $50 pounds,
s7Q7s40: pigs dull about steady; good
and choice, 100 to 1870 pounds. $6@7.50;
lighter stuff. $1,000; bulk packer sows,
S6.40 q $50.
Cattle: Receipts. 1900; native steers
steady; western steers, Csc lower; year
lings and heifers strong to shade higher.
Light vealers. $10@1O75; other classes
unchanged; bulk native steers. $S@S.75:
westerns. s6.50@6.so; yeariings and
heifers sos; cows. $685. bologna
bulls. $4.35 @5; stocker steers. $6.25Q7.50.
Sheep: Receipts. 500; strong to 25c
higher; four decks good shorn lambs,
local fed, STATS; no good wool lambs on
SALE few small lots, spring lambs, 1850.
q 20; best ewes averaged $i1.5o.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11
LIVE STOCK

CHICAGO, April, 10.-Cattle: Receipts.
f0,O0D; beef steers uneven; kinds aver
aging LOO pounds and upward and of
value to sell at $40 and above strong;
spots higher; others and low grade light
yearlings slow. loo to 15c lower in in
stances. Top matured steers. S12.40; av-
erage weight. 1886; next higher prices
$l2.35; several loads, $1175@12.25; best
yearlings, mixed and heIfers, $11.50; bulk
light yearlings, $3.50 and downward; bulk
fed steers and yearlings. $3.50 @10.75: two
loads Texas grasssrs. averaging about
1850 pounds, IS; fat she stock, spotty
about steady. Vealers generally soc low
er; bulk to packers. ss@s.75; some me-
dunn light yealers, downward to $3.50;
few choice kind, s1050 to packers; up
ward to $11.50 and above to outsiders;
other classes generally steady; bulk bo-
logna bulls $3.50 Q5.25; NARROW country
demand for thin -fleshed stockers and
feeders.
Hogs; Receipts $4,000; fairly active.
steady to SC higher than Yesterdays av-
erase: Bulk good and choice $50 to $40
pounds averages. s7.30@7.55; top, s7.55;
weight $7@7.25h packing sows. largely
bulk better grades. 140 to 150 pounds
bulk desirable strong weight, $6Q6.5O;
estimated holdover. $1,000.
Sheep: Receipts, $4,000: Vat lambs
steady to 25c higher; sheep and feeding
lambs around steady; bulk fat wooded
lambs. $f6.50 @16.s5; top. s17; bulk
clipped lambs. $1425@15.40; top $3.50;
best fat ewes. S1250;. one deck good
shearing lambs. $3.50.
NASHVILLE, Tenn. April 1o.-Cattie-
SssS beef steers ;7GGSs25 hsifsrs
$460@65o; stockers. $500 800
Hogs-Recelpts 1000 steady; 200
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11
| PROFESSOR JAILED
ON POSTAL CHARGE
FlOridian Alleged To Have
,af Mailed Obscene Letters

81. AUGUSTINE, Fla, April TO-
n. A. Bendrat, about 80 years old, pro-
lessor of biology and geology at Stet-
son university, Deland, Fla, is in Jail
here today in default of bond of ST.
700 required to assure his appearance
at the June term of United States dis
trict court ut Jacksonville for trial
on a charge of sending obscene matter
through the mails.
Professor Bendrat was arraigned be-
fore United States Commissioner A. w.
Chadwick, Jr., here yesterday after
noon, and pleaded guilty to the charges
against him. 1t is understood the let
tiers in question were addressed to a
young Michigan girl.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11
STOCK LETTERS

NEW YORK, April 1o.---There has been
2 new wave Of selling in the market to-
pay and with somewhat more activity.
&he market has been weak. The failure
pf the market to show anyk favorable re-
Hponse to the Dawes report has undoubt-
Pdly encouraged renewal Nof profess
$ional selling The steel tonnage report
zwas also considered somewhat unfavor-
Able, though 1t seems to us that; the de-
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11
easily overdone. Total sales. GAG, e0o.-
Post & Flagg to Shannon & Co.

NEW YORK. N Y. April 1o.-Heavy
liquidation in the Industrial list from the
beginning to the end of the stock mar
ne as' SEASON. aesuiseo N the .owesI ranse
of decrease in employment in Detroit,
slowing up in steel production, together
publication of United States Steel un-
filled tonnage statement, which showed
shrinkage of 100, 900 tons in forward or
ders. all tended to demoralize sentiment.
Studebaker sold down to SO. Norfolk and
Western and all the high priced ones
Joined in the downward movement and
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11
LUIGI CURCf DEAD
First Husband OF Opera Singer Elk
DireS In Rome n

NEW YORK, April 10.--Luigi
Curci, first husband of Madame Ameli.
ia Cali Curci, the singer, died Tues
day in Rome, according to a cable to
his brother here. Madame CALI Curci
was married to Homer Samuels, her
former accompanist, in Minneapolis, in
1921.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11
FEDERAL RESERVE
BANK STATEMENT

WASHINGTON, April 10.-Combined re-
sources and liabilities of the IL federal
reserve banks at the close of business
April were reported tonight by the fed
eral reserve board follows:
Resources: Gold with federal reserve
agents. S1,984.O5A000;; gold redemption
fund With United States treasury. S57,223,-
000; gold held exclusively against federal
reserve notes, $2,041,277,000; gold settle
ment fund with federal reserve board.
ss72.ssS,000; gold and gold certificates held
by banks. 3Sa.2Si 900; total gold reserves,
$3,102,440. 900; reserves other than gold,
S97 1875 900; total reserves. $3,201. 421, 900;
non=reserve cash, 49,351,000; bills dis
counted: Secured by United States gov
eminent obligations, $3.50, 900; other
discounted. 52s,55s,0oO; bills bought in
open market, 1gT.606,0O0; United States
securities. bonds. 1S.473. 900; treasury
notes. $lS76IS; certificates of Indebtedness,
$63,015,O00; total United States government
securities, SECS, s03.0eO; all other earnings
10000, per cent redemption fund, fed
eral reserve bank notes, $4,000; 4uncol--
lected items, s5T7,5S3.O00;, bank prem
ises, &55, 00Q; all Aother resources, sea-
Az, 0o0:, total resources, $4,000, 907 1900
Liabilities: Federal reserve, notes in ac-
tual circulation, 1881. 63S.O0O; federal re-
serve bank notes in circulation. net, $685.
600; deposits, member banks, reserve ac-
count, 1924, 800, 600; government. $685.
$4,000; other deposits. $21, 227, 900: total
deposits. $2.O55, 067 900; deferred ayaila-
bility items. $519,305,000: capital paid in.
SliO,S37 900; surplus, $220,915,0Oo; all
other liabilities. sf4.7so,000; total liabiii-
ties. s4.so2, 907, 900. Ratio of total re-
serves to deposits and federal reserve note
liabilities. combined. 1913 per cent, Con-
tingent liability on bills purchased for
foreign correspondents, $4,000, 900.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11
LOCAL SECURITIES

STATE AND MUNICIPAL BONDS
Alabama 3Ias, 1855 ..................... 81 IS
Alabama a. 1856 Observation-Disclosures e3
Alabama Highway 41as .................. 9s 100
City Of Birmingham, $50 to SO pet. basis.
jefferson County, AIS to 5 pet. basis.
jefferson County Warrants. 5.25 to- pet.
basis. na
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11
INEOUAIITY

FiAncee-And did your husband use
to bring home his wages to you every
pay day.. ~
Ditorcee-Oh, yes. Fifteen dollars in
cash and thirty-fivs in booze.--New
York Sun.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

The New York Stock Exchange will
De closed on Good Friday. April IS.
The New York coffee and sugar ex-
change will be closed on Good Friday and
the following Saturday. q rs 11
s d Oppression Of sugar company stocks
and bonds. as well as the market slump
In the commodity itself. Is blamed on the
world crop Favorable trade reporst for
some time have contributed to a steady
appreciation of value of sugar securities
but the forecast of world output of a.
soo, GOO short tons was the signal for gem
eral selling. s
NEW YORK. April 1o.-The daily gross
crude, oil production of the United States
increased 1850 barrels for the week
ended April 5, totaling 1,sI5,000 barrels
according to the weekly summary Of the
average production. east OF the Rocky
Mountans, was 1,261,o0o barrels. an in
crease Of $500. California production was
$4,000 barrels, the same as the previous
When the stock morket opened this
morning the average Of 20 leading indus
trial stocks again was In the new low
ground for the year. Last nights clos
|sng prices REPRESENTED a decline OF about
ssM points from the years top. While
several OF the leading carriers have been
4under pressure lately, the rail- averages
are about two points abov the years low
5snd about the same distance below the
Net income of. s1s,14s,41 for 1873 Ia
reporteds by the Allied Chemical and Dye
corporation. which Is equal after prefef-
common stock. against s15,i14,as4. or.
1855 q share in 1922.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

When the stock market closed tonight
both the rail and Industrial averages were
in new low ground for the year, the
sharp decline in the former being due to
the quoting Of Lehigh Valley stock lex
rights"
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

Sell the industrials and buy the rails
was more commonly heard suggestion
among commission houses That the
transportation lines would reflect their
improving earning position had long been
the belief among banking anaIysists and
the steady flow of annual reports seemed
to bear out many of these contentious.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

The apparent failure of bear traders to
bring out a large volume ofkered liquida-
tion in the face of the sharp reactions
in leading Industrial issues is a source of
considerable comment in Wall street and
Is reported to have discouraged so-cailed
amateur ventures on the short side of
the market. Although several of the stand
ard industrials are selling or more points
below the prices of a week ago, the daily
turnover Of stocks has not reached l.
900. 900 shares since the present decline
started.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

There was strong opinion on the matter
of inauguration of dividends on B.. NJ. IT.
would not be delayed beyond June If it
was not ordered before that time.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

1t was said that no further dennonstra-
tion might be expected in the old corn
products stock owing to the imminence
Of the new issue. .--t-- - -
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

The Southern Pacific company has or
dered 131,246 tons of steel rails for 1924
and 1925 delivery $1,000 tons from the
Tennessee Coal. Iron and Railroad
company. 60,7l5 from Colorado Fuel and
Iron, and Inland Steel, $500 TONS
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

Light company of st. Louis. Mo-, and
Its after all charges exceeding 81. 000, 900.
ruary 90, available for depreciation and
en- increase of more than 80 per cent
over the previous fiscal year. Net rev.
enue in February was nearly 20 per cent
greater than the same month last year.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

The February output Of boots and shoes
In the United States AGGREGATED 1890
sol pairs. about 100000 pairs less than
the same month last year.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

A new low price was reached by Con-
solidated Textile. as bear pressure was
exerted against this low priced issue.
The state of cotton mill industry SEEM
ingly was taken as a basis for selling
the shares as the compAny's own position
in the New England field was not re-
Garded with Particular favor.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

Before its authorization. by shareholders
the new Woolworth stock was traded in
on when issued" basis. AS a 50 issue
1t was considered rather high in the sew
entities. overtoppfng as IL did other stocks
OF the same basis. Its near price approach
which pays SIS q year.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

Several dollars per bale were added to
the market value Of cotton as further
denomination against the shorts was
staged The street still heard OF big in
terost in the commodity on the part Of
specuiAtcfs who ordinarily 4confine their
operations to the security markets
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

pounds and up, $3.50; 1855 to 200 pounds,
y7.70: 1870, to 16o pounds, 81; pigs. $49O
sheep nominal; fat sheep. $6@7i choice
laInDs, s10@12.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

The Island Creek Coal company. said
to be, the lowest cost producer of all
in volume in the country, had a pros
porous first quarter of the year, net prof
Its after al. charges exceeding 81, 100000.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

The old woolworth stock added sew
in sufficient amount to tablish a loss
from the recent high record level of moe
than 50 points. As the shares fell away
1t was noted that they maintained a par
ity with trAnsactions in the "when is
sued" trades.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

1t came to light that commission houses
have commenced to refuse certain requests
for borrowed stock. This indicated to some
observers that the snorta interests. al
ready heavy, might have difficulty later
on in paying for their operations in sell
ing something they did not own. On the
other hand. 1t was suggested that some
to desire to eliminate further clerical
necessity for watching an already heavy
list out on loan.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

1t was predicted by bankers having m
formation on the subject that Hays
Wheel directors might at their meeting
next Monday raise the dividend rate from
So to 81 a year. Increased earnings from
the enlarged facilities were thought to
be sufficiently great to permit the large
dividend return.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11
WALL STREET. BRIEFS

The New York Stock Exchange will
De closed on Good Friday. April is.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

The Aquitania, due tomorrow, was said
to have George Whelan among its pas
sengers. The street regarded as some
what, significant this slated arrival as
stockholders OF United Cigar Stores also
were scheduled to- meet on the same day
to consider among other things.
vamping OF capital structure through re-
duction of par value and the issue of four
shares where one now existed. The street
heard quite unofficially that opposition
might develop to the proposed plan.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-11

whoever the buyers were, they got them
at their own prices There are few who
look for much Improvement in the situa-
tion for the present, but II usually hap
pens that when everybody thinks one way
u change is close at hand.--Fenner and
Beane to Kahn and Virgin.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-05-28
ALLEGED SLAYER
CHARGES POLICE
THREATENED HIM
Henry Says He Was Beaten
With HoSe-Forced to
Sign Statement,
BIZ Times Special

BV Times Special
SHELBYVILLE. Ind, May Is
Charges that he was beaten and
forced into confessing to killing of
Jess Louden, Indianapolis policeman,
were made today before Judge H. c.
Morrison by Charles E. Henry. col
ored, on trial charged with fatally
shooting Louden.
Mrs. Lusia Harris, colored, Hen
rvs mother, testified that her son
had been in i'll health and suffering
from mental disorders since he re-
turned from eleven months Army
service in France.
This was in a preliminary hearing
to determine whether a confession
said to have been made by Henry to
Indianapolis detectives will be ad-
mitted as evidence. The jury was
not present.
Henry said he had been beaten
over the head with a rubber hose and
threatened with death unless he
signed a statement. He signed
something but did not know what
it was, he said.
Hearing Of evidence was suddenly
halted Thursday when defense OBJ
jected to introduction of the alleged
confession.
Perry Owens, night Waterman, In
dianapolis, was the first State wit
ness. He said on the night Of the
r,urder he had seen the defendant
within two squares Of the place
where the shooting occurred. Frank
Riser verified Owens testimony.
DR.. William A. Deeper, deputy
coroner of Marion County. said Lou
den died as result of a gunshot
wound.
Frank J. Seifert, Louden's COM
panion on the night Of the murder.
identified Henry as the man who
fired the shot which killed Louden.
Seifert fired several shots as Henry
fed, he testified.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-05-28
HOGS CONTINUE
DOWNFALL TREND
Light Mixed Going as Low
as $3.50,


Hog prices at the local livestock
yards Wednesday were steady to
lower. Heavyweights again COM
nanded top quotations of $3.50 and
S7.55. Light mixed classes fell as
low as $3.50. The bulk of sales were
made from this figure up to $40.
The market was slow in anticipation
of the holiday Friday. A few choice
porkers of the medium heavy type
brought $3.50. The medium mixed
class was quoted at $7.4007.50.
Light lights were bringing a price
ranging from $3.50 to $6.75. Pigs
were steady at IS to $6.75. Smooth
packing sows were quoted at $6.75
to 81. .Roughs were going at $3.50
to S6.75. Receipts, $4,000. Hold
overs, 104
Trading in the cattle division was
slow, with prices generally steady.
Good steers We're quoted from SIS to
S11.25. All good stuff held to Tues
days prices. Cows and heifers We're
bringing IS to SO. Butcher stuff
was a shade lower. Buyers seemed
unconcerned and were taking their
time. Receipts, 1900.
The calf market was slightly high
er. The top price paid for choice
veals was $10.50. A quarter higher
than Tuesday. The bulk of sales
were made at SO. Buying was fair
ly active and promised an early
clearance of the pen. Receipts, 100.
Lamb prices advanced a half to a
top price Of SIC in trading in the
sheep and lamb department. Other
than this change the market was
steady. Good to choice ewes were
going at $3.50. Receipts, 200.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-05-28
RATS IS DENIED
SALARY CLAIM
Courts Must Rule Before
Payment Is Made,

Oscar Rats, Paou, holding the
public service commission post which
is the subject Of controversy, today
flied claim for $500 salary for May.
His commission expired May /, but
he refused to surrender his office to
the McCray appointee, Oscar Smith,
Knox, declaring the McCray appoint
ment involid.
William A. Marsh, audit clerk in
the office of State auditor. said he
would not make out a check to Rats
until the courts had decided who is
entitled to the money.
It is understood Attorney General
L. S Lesh today rendered 10 Rob
ert Bracken. State auditor, an opin-
ion holding Rats was not entitled
to the salary. Lesh previously held
Smiths appointment valid.