davidaulloa/AmericanStories huggingface dataset:
Evening star., 1924-04-27
PRICES TEND HIGHER
IN N. Y. CURB MARKET
Week End Record of Business In
dicates Restoration of Interest
=,
in Offerings.
INDUSTRIAL ISSUES QUIET
Many Substantial Advances, How.
ever, Follow Nervous Opening.

BY the Associated Press.
NEW YORK. April 26.-The marke,
on the New York Curb after showing
nervous tone and sharp declines in
the first few days later developed
pronounced strength, and during the
last half of the week many issues
made substantial advances.
Standard Oil stocks were directly
influenced in the first few days by as
sertions that decline in the price of
crude oil was close at hand and when
a reduction was made in the export
rate for gasoline these stocks were
under pronounced pressure. Later in
the week, however, definite state
ments in regard to Improvement in
the trade were followed by a brisk
upward movement.
Indicate Market Tendency.
Prairie Oil and Gas indicated the
general market tendency, first de-
clinging over s points to 215, but
more than covering this loss when
the upward movement started. Stand
ard Oil of Indiana was traded in on
a large scale. and after declining over
= points not only recovered its loss
but ended with net gain of more
than point for the week. The widest
movement was in Standard Oil of
Ohio, which yielded Is points ard
then made an equally sharp rally.
Similar movements occurred in Ne
braska Kentucky and New York
shares.
Independent oil stocks were we'll
maintained all through the week. buy
ing of issues like Salt Creek pro-
ducers indicating accumulation for
special purposes.
Industrial issues were quiet when
the declines in the oil stocks occurred
but in the last few days sold at ma
terially higher prices. Hudson Tube
issues We're in steady demand, the
common moving up over l point and
Hudson Company preferred rose
points.
strong Feature in Utilities.
American Light and Traction was
"A strong feature in the public utiIi-
ties. advancing over 4 points and
gains of = to 4 points were made in
Commonwealth Power, Lehigh Power
and other Of these issues. Motor
stocks showed heavy tone. Durant
Motor yielding to a new low and
level. HaZcltine was in increased de-
maRd following the statement Of
shares issued Il short time ago.
Mining stocks were active with
strength shown in the copper issues
as Il result of statements about ex-
peCted foreign requirements for the
metal. Kay copper, in which the trad
ing was largest in copper group, sold
at a new high record There was an
increased demand also for silver
stocks. especially Nipissing. which
was directly Influenced by the re-
ports of absorption of a large gold
producing property.
Evening star., 1924-04-27
BY GEORGE #. HUGHES.

Special Dispatch to The Star
NEW YORK, April 26.-Amid all the
uncertainty as to the trade position evil
denced by the alternate ups and downs
of speculative stocks, the one movement
as to which there has been no doubt
possible this week has been the steadily
increasing strength in the Investment
market Quietly. but surely, quotations
for high-grade bonds have been creep
ing upward.
The leaders have been the obligations
of the United States government All
the old liberty Az per cent issues
touched new highs for the year this
week. The Treasury 4 u Is equaled their
high. Only the tax-exempt 31ss Jagged
behind. and even they were higher at
the close than at the beginning of the
week. Also only the 3hs were selling
below par at the close of trading.
Liberty Strength Significant.
This strength in liberties is significant t
1t cannot be accounted for, as has been
the case previously when government
bonds were advancing. by saying that
they had the support Of buying for ac-
count Of the British government or
through purchases for the Treasury sink
ing fund. There is no profit for the
British in buying liberty bonds above
par. Nor were they Influenced by Treas
ury operations.
What has been happening is that
banks, financial institutions and, to some
extent, though just how much no one
can say, private investors have all
been forced to find some employment for
their surplus funds. Always. under cir
cumstances like the present, the first
recourse is to securities about the status
of which there is no room for argument.
Experience shows that sooner or later
such buying broadenS out to include obli-
cations of a little lower grade In a
measure that has been going on this
week.
Other High & rade Bonds Light.
Not only liberties but high-grade rail-
road bonds of the savings bank class
have been in quiet demand. Some of
these railroad bonds yield only a little
more than liberties, while to private in
yeStorS they have the disadvantage that
income from them is subject to taxation.
Liberties up to limited amounts are
exempt. A typical example of these rail-
road bonds is the Atchison general As.
The earning power of the Atchison is so
We'll established, and the property on
which the bonds are secured is so Vaiu-
able, that the quotation varies only with
changes in the money and in the general
bond market Atchison general As sold
this week on 4.6 per cent basis This
is less than the return afforded by fed
eral land bank bonds. which are entirely
exempt from federal income taxes. Other
high-grade railroad bonds have been al
most equally strong.
Evening star., 1924-04-27
HOPE SEEN FOR TEXTILES.

There are some signs of gain in
textile circles, the retail turnover in
creasing in sections where the wealth
er has been favorable, and export de-
mand for cotton showing improve
ment. More buying has been done by
India and China, while there have
been steady sales of some kinds of
goods to South and Central America,
the West Indies and the Philippines.
The larger export business has given
some announcement. but the unsat-
isfactory conditions in primary divi-
sions are the overshadowing feature.
Hesitation in making forward COM
mitments is still pronounced and
competition for orders is so sharp
that the price decline goes on. SINH
lar phases appear in some other tex
tile lines, but the point appears to
have been reached in certain quar-
ters, as in the silk branch, where low
prices are improving the prospects
for fall.
Evening star., 1924-04-27
COFFEE LOSES GAIN
MADE In FIRST HOUR
Advances at Market Opening Due
Only to Initial Demand,
Is Report.

NEW YORK, April 26.-Coffee futures
opened unchanged to s points higher on
little covering, but lost the advance
after the initial demand had been sup
piled, with December easing off from
1881 to 1915 under realizing December
closed at 1926. with the general market
closing net unchanged. Sales were esti-
mated at only 11.000 bags. May. 1870;
July. 1925: September. 1865. October.
l2.j2: December. 1925; March, 1Ia5.
Spot coffee dull: Rio IS. - to 15L
Santos IS. 1Saa to 1912 Cost and freight
offers included part Bourbon IS and 5s
at 1850. Rio exchange on London 3-32d
higher. Dollar buying rate 20 reis lower
Rio market l25 to 175 reis higher San
tos 100 reis higher TO $50 lower. Brazil
ian port receipts. 10000 bags. Junaidahy.
% nGn-
Evening star., 1924-04-27
Dependable Securities Win
First Place as Investments
Strength of U. S. Libertys Past Week
Deemed Significant-Financiers Seek
ing Employment for Surplus Funds.

, NOW 1t is quite evident that purchasers
or this class of investments put quality
nrst. 1t is also evident that such pur-
chasers do not anticipate any considera-
Die advance in the current charge for
money. Advancing interest rates and
higher commodity prices bring lower
prices for bonds. 1t is. of course, pos
sible that buyers Of these high-grade
bonds may be mistaken in their deduc-
lions. interest rates may go up and
commodity prices may advance. But
there is nothing in the present course
OF the bond market to justify any such
expectation.
The weekly statement of the federal
reserve banks Is very interesting in this
connection. The reserve ratio of the
system Is now at a point never but
once exceeded this year, or since the
spring Of 1917. The New York bank
reports the highest reserve ratio since
the United States entered the world
war, in 1917. Here we have striking
testimony to the abundant supply of
money.
Situation Abroad Wins Confidence.
Right, along with the strength in the
investment bonds has gone a move
ment OF very dinerent character. This
is the growth of confidence as TO the
situation abroad. evidenced in the quo
tations for foreign bonds. AS has been
repeatedly pointed out in these dis
patches, foreign dollar bonds dealt in
on this market have been selling to
yield extraordinary large returns. The
reason for this is well known The di-
rect obligations Of the French republic
can be bought to return per cent on
theI investment only because of the
doubt as to the solution of the repara-
tions dispute and as to the possibility
OF the French balancing their budget in
the absence of substantial payments
from Germany.
II VIII be observed that the factors
entering into this problem have nothing
to do either with the outlook for busi-
ness OF with the money market. French
bonds will fiuctuate without regard to
the conditions which affect our own do,
mestic affairs. Now all these foreign
dollar bonds have been exceedingly well
bought all the week. French obliga-
tiOns have sold around the high Of the
year, and the even more speculative
bonds of the newly organized mid
European nations have been Yet
stronger.
View of Conditions.
Some authorities believe that moth
ing Will have more beneficial effect
upon the entire investment market
than a revival Of interest in foreign
securities. There is no logical reason
for such an effect, but sentiment IN
these matters is often stronger than
logic. So far the buying of these for
eign bonds has been more of specu-
lative than an investment character
The probabilities are that real investors
are not yet ready 10 take chances
but, on the other hand. they are NJ
longer sacrificing holdings acquire
over the past few years.
Evening star., 1924-04-27
EDITOR TO BE SPEAKER.
DR.. Du Bois to Be Heard by Asso
citation for Colored Welfare.

DIR. w. Z. Burghardt, Dubois,
editor of the Crisis, who is founder
lust closed its third annual meeting
at Paris, London and Lisbon, will ad-
dress the National Association for
the Advancement of Colored People
next Thursday at the Metropolitan "A.
NJ. Z. Church, M street. between loth
and 18th streets northwest.
A mass meeting will be held today
at the John Wesley Church, 14th and
ICorcoran streets northwest. in protest
against residential segregation. Prof.
Kelly Miller of Howard university
and DIR. Charles Edward Russell will
speak.
Evening star., 1924-04-27
MATINEE FOR HOSPITAL.
Vaudeville Tuesday to Aid Free
Ward at Providence.

A vaudeville show for the beneht
of the free ward at Providence Hos
pital will be given Tuesday afternoon
at o'clock at the National Theater.
The lie Paradis Orchestra and the
Navy Band will be included on the
program, as well as many profess
sional entertainers. Mrs. NJ. F. Tighe
is chairman Of the committee arrang-
ing the affair
Evening star., 1924-04-27

I ject to investigation by the authorl-
ties of other exchanges with which
they may do business.
The amendment adopted is identical
with that passed by the New York
ST. k Exchange, and under its pro-
visions a member may be compelled
by the association to open his books
and records for inspection by another
exchange. which may be Investigate :
ing any transaction in which such
member had part.
The adoption of this amendment by
the curb was seen in Wall street as
further evidence that the big board
is exercising a patasnal attitude to-
ward the curb. In the last year there
have been two or three developments
which indicated that the curb was
looking toward its bigger brother
for advice, and was cooperating
with it in an effort to stamp out
bucketing and other swindlng meth
DDS.
Personal Mention.
Harrington Mills. vice president of
the Commercial National Bank, will
give his third annual dinner at the
Harrington next Tuesday evening at
1880 o'clock to officers. directors and
employees of the Commercial National
and the Mount Vernon Savings Banks.
Fewer failures occurred in the
United States last week, a total of
$40 being reported to r. G.. Dun 6;
Co. This number is 81 in excess of
the S5S defaults of a year ago. Aside
from the Pacific coast. where there
was small increase, all sections into
which the statemers is separated had
fewer failures last week than the
previous period, the largest reduction
being l3 in the west.
Securities Unlisted Noted.
The following latest bid" and
asked" prices for unlisted securities
are quoted for the guidance of hold
ers of these issues:
BONDS
Evening star., 1924-04-27
FLOUR QUOTATIONS.

MINNEAPOLIS, April 26.-F1our. un-
changed to i cents higher; family
patents. 6.45a670 a barrel: shipments.
S',655 barrels. Bran. 22.00 Wheat, No.
| northern, ILL y a1.l6Ia; May. 1llL
July, 1.137s: September. 113Is. Corn.
No. yellow. 11a71s4 Oats. No. 8
Evening star., 1924-04-27
One on the Minister.
the Alnwick Guardian.

From the Alnwick Guardian.
l met our new minister on my way
to Sunday school. mamma" said viii
lie, and he asked me If / ever played
marbles on Sunday"
And what did you say?" asked
mother.
II simply said Get thee behind me,
Satan" and walked off and left him. ''
Evening star., 1924-04-27
IN. Y. Stock and Bond
Averages.
SATURDAY. AprjI 20,
STOCKS.
Saturday, April 20.

STOCKS.
Total stock sales, 451,200
shares.
Twenty industrials averaged
1896; net gain, .49.
High, 1924, 1924; low, 90.2S.
Twenty railroads averaged
S1.61; net loss, .o4.
High, 1924. S6.32; low, S1.OO.
BONDS.
Total bond sales (par value),
$6,646,00o.
Ten first grade rails averaged
S6.71; net loss. IA.
Ten secondary rails averaged
S5.21; net gain, "a
Ten public utilities averaged
S7.62; net gain, IT.
Ten industrials averaged
1927: net gain, 10.
Combined average, $3.50; net
gain, .09.
Combined average month ago,
$50; year ago, S6.72.
Evening star., 1924-04-27

Makeup is said to be responsible
for the noticeable fact that women
are losing the habit OF kissing one
another when they meet.
Evening star., 1924-04-27
NOTICES!

NOTICE!
News for this column must
be received by the Editor of
Veteran News not later than
IL noon on Thursdays for pub
Iication the following Sunday.
Evening star., 1924-04-27

Bombay is the leading pearl mart oil
the world.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-07
PUBLIC Invited
To WELFARE
HEARING
Creation of Department to
Guard D. c. Well. Being to
Be Discussed.

A public hearing to consider the
creation OF a department Of public
welfare in the District will be held
in, the board room Of the District
building Monday by the Commission
on Public Welfare Legislation.
The commission met yesterday
and spent several hours in con.
sidering legislative plans. 1t en-
dorsed in principal the plan for
aiding dependent children in their
own homes. No action on the conf
pulsory school Legislation was taken.
A committee comprising Walter S.
Ufford; Frederick A. Fenning, Miss
Elizabeth Harris. and William Hold.
son were appointed to confer with
DR.. Frank w. Ballou, superintend.
ent Of schools, on the school attend.
ance bill. -
The commission yesterday voted
to lay aside the Cramton bill deal
ing with commitment Of feeble.
minded persons until after the ad-
ministrative machinery has been
worked out.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-07
Commodity Market News,
By Cosmopolitan News Service.

cosmopolitan NEWS SERVICE.
NEW YORK, March Price
trends in the provisions market
were slightly higher this week,
though volume of trading showed
little advance over previous weeks.
Buying was mostly professional,
and selling was partly hedging op-
erations by packers. Export de-
mand was again limited, and for
eign markets. steady, though mac
tive. Dressed meats in western
markets were firm on smaller re-
ceipts from livestock centers.
Strictly choice beef steers, veal
calves and dressed lambs are in
good supply in eastern markets,
and prices are steady; but under
and prices irregular. Country dress
ed pork Is not finding a ready
market at present.
Receipts of fresh killed chickens
are moderate, and the stock is said
are in fair demand at full late
prices for top grades, but many
lack quality.
Distributors are doing good
business in canned fish and Vege-
tables and other foodstuffs applica-
BILE to the Lenten season.
Importation of American livestock
into Canada was prohibited by the
Canadian government this week, as
a protection against the, foot and
mouth disease. The government, it
Is reported, also forbade the impor-
tation from Western states OF hay,
straw or any merchandise packed
therein.
Considerable interest is displayed
here in the projected International
Food Exposition to be held in
Amsterdam, Holland, later in the
year. 1t is looked upon as an ex-
cellent opportunity for extending
the consumption OF American food
products abroad.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-07
STOCK FRAUDS
AR|E.BE|NG
49,
CHECKED
Campaigns by Better Busi-
ness Bureaus and Banks
Show Good Results.
BY MERRYLE STANLEY
RUKEYSER.

RUKEYSER.
Copyright, 1924, by Cosmopolitan
News Service.)
NEW YORK, March Perhaps
the financial millennium is just
around the corner.
A scheme has been devised to con.
troll the babbling tongues Of stock
statesmen.
Through the years, promoters
have Visualized the most favorable
possible outcome Of their dreams,
and have commissioned statesmen
to sell these exaggerated hopes and
aspirations to. gullible public in
the form of neatly engraved stock
certificates. 2.>,
Working ON the dubious theory
that they had to eat and live, stock
statesmen went the easiest way,
and to facilitate sales amplified and
embroidered a hundred fold in many
instances the conceptions of their
chiefs. What the promoter sug-
gested, they promised. Where the
promoter said may" the salsemen
would assert will"
Through excessive exaggeration
and through the processes of tine
which revealed default on promises
wickedly made, the profession Of
vending promotion stocks became
discredited. The press. better bust
ness bureaus, the United States
Treasury and the banks used their
influence to check such campaigns
which separated the unknowing
from their savings.
This counter movement Of educa-
ton has temporarily developed
greater resistance to the efforts of
the conventional stock statesmen.
Thus the virtuous and the wicked
have been suffering alike from the
skepticism of the general public.
But for progress, experiment and
innovation need to be financed, The
great mechanical revolutions which
changed our mode of living and
which seem commonplace enough
now were far from sure things
when inventors first created them
out of their imagination. However,
industrial pioneering, based on trial
and error, though exceedingly de-
sirable and necessary for the COM
munity, entail hazards far too great
to justify the employment of the
meager funds of widows and others
who cannot, in any circumstances,
afford to lose.
The investor needs to look to
tested achievements for safety Of
principal and regularity of income,
which should be his goal. New
ideas and inventions, whose COM
mercial success remains to be DEM
onstrated, are not in this category.
Even the meritorious promoter
has an uphill fight, and his finan-
cial supporters share the burden.
Thousands succumb before one sue
ceeds magnificently, but the mem
DRY of the one conspicuous success
impels countless others to under
take the struggle.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-07
Classification Index

l. ANNOUNCEMENTS
S-Lost and Found.
9-Personals.
10-Special Notices.
1O.A-Clairvoyants.
H. AUToMoTIvE-
l1-Auto Agencies.
l2-Automobiles for Sale.
l3-Auto Trucks for Sale.
14-Auto Accessories. ParGA
l6-Auto Tires, TubeR
l6-Garage Builders.
17-GarageS, Autos to Hire.
l8-MotorcyclGs-B
10-Repairing, Service StatiouA
20--Wanted-Automo
III. BUSINESS SERVICE
21--Business Service Offered.
22-Building and Contracting.
2S-Cleaning, Dyeing. Renovatine
24-Dressmaking. Millinery.
26-Heating and Plumbing.
26-Insurance. All Kinds.
27-Messenger Services.
2s-Moving, Packing. Storage.
8O-Print1ng, Engraving.
31-Professional Services.
32-Repairing. Upholstering.
S3-Tailoring, Pressing.
91-Tinning. Roofing.
observation-disclosures Service
Nv. EMPLOYMENT
Unemployment Agencies.
S7-Help Wanted-Female.
S8-Help Wanted-Male.
S9-Help-Mal0 and Female
dO-Salesmen and Agents.
destinations Wanted-FemAlos
l2-Stuations Wanted-Male.
A3-Situations-Maie and Female
v. FINANCIAL
4G-Business Opportunities.
A6-Investments. Stocks BOndA
%6-Money to Loan.
A1-Money Wanted.
49-Mortgagee for Sale.
AS-Rooming Houses For sale
vi. INSTRUCTION.
60-Correspondence Courses.
61-LocaI Instruction Glasses.
62-Musical, Dancing. Dramatic.
63-Private Instruction.
observation-disclosures
VII. LIVESTOCK
66-Dogs, Cats, Pets. Etc.
66-Horses, Cattle. VehicleA
67-Poultry and Supplies.
60-Wanted--Livesto
VIII. MISCELLANEOUS-
69-Boats and Accessories
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-07
DETECTIVE Is KILLED
IN LAUNDRY HOLD-UP

KANSAS CITY, Mo-, March l.
Detective George Lawson was shot
and fatally wounded by two negroes
today when Lawson attempted to
arrest them in a hold up of a
laundry in which $500 in cash was
obtained.
The entire detective department
and several police squads were
searching negro homes for the
bandits following the shooting.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-07
SUBSCRIPTION RATES.
WS5|N31I9 ElEE5


Rates delivered by carrier in Wash
ington and Alexandria: The Washing
ton TIMES, daily only, is delivered BY
carrier at 15c per week, and The Wash
ington TIMES, daily, in combination
with the Sunday HERALD. is de-
ivered for 26c per week. Orders can
be sent by mail. or telephone Main
$3.50. Collection Is made weekly by
carriers.
Special Combination Rate
Daily and Sunday Herald and
Evening Times
SOC Per Week, Delivered by CAFrieH
IS Editions for SOC.
Rate by Mail
Payable in Advance.
Daily TIMES With Sunday HERALD
One Year ...... $1,000
Six Months ..... 300
Three Months, ESQ
Daily Only, Sunday HERALD
One Year -. $500 One Year -. $500
Six Months. ESQ Six Months. 2.6(
Three Months 1.25 Three Months LIS
One Month. so one Month. 81
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-03-07
Announcements


Lost and Found Q
BARPIN-Lost. afternoon March s. In
or near Duryea Bldg. or st. Johns
Church. 3-inch, diamond leaves, plati-
mum setting. Reward. n 963S.
BOSTON terrier. female, lost; name
Betty: liberal rev. Phone N. 2148.
BROOCH, lost. seed pearl: H and Conn.
ave, st. Johns Church. Reward Mrs.
A. Hopkins. 1925 Mass. ave.
CANE lost; Columbia Theater. Thurs.
afternoon. curved handle, dark brown
natural wood; valued gift from de-
ceased friend; reward. Miss Minor.
Lonsdale. Apt. S04.
GLASSES-Lost. near 18th and II SITS.
in Edmond's case. Finder please no.
tify Mrs, Rogers. NJ. s400-Br. 6S5. :
LOST, neck chain. platinum; ladies.
with pear shaped diamond pendant;
lost Thursday afternoon. Reward if
returned to assistant manager Will
lard Hotel.
LOST-On Conn. ave, between H and NJ
SITS, or in Lafayette square, a black
beaded bag containing about So. two
tickets for President Theater for Mon
day Marach 10, and Crepe de Chine
handkerchief. Reward If returned to
1908 NJ st. N w. or for information
leading to recovery. Phone Franklin
4437
LOsT-Pearl ring. fllagrce setting, be-
TWEEN bepdI Oh anu AIIISS
Inn. Cali Main S474. Branch II, 9 to
4:30. Reward
LOST-Black Jet earring, in vicinity
of 14th and N. Y. Ave. or the Conn.
Ave, car. Reward. North 2263-J.
LOST-Ladies' gold pen. initials NJ. G. G.,
telephone Main t722 Reward.
NECKPIECE-Mink: lost Tuesday after
noon between Albemarle and Newark
st. Reward. Cleve. 1884 after p. m
WRIST WATCH-Lost, between 18th
and d N. E. Fri. Reward. Lin 37S-J