davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
WATER COSTS PENNSY
$4,000, 900 PER YEAR

PHILADELPHIA, February f12-It
cost tho Pennsylvania railroad sys-
tenn nearly "a 100000 for water for its
locomotives and shops last year. This
was spent on water for boiler uses and
mostly in this state. An officer Of the
company said the human boiler or
stomach could stand water that would
soon ruin the tubes Of u locomotive
boiler. 1T Is not generally known"
he asserted, but 1t is true, IL A. J.
Cassatt, former president, had not
seen far ahead and made provisions
to, secure an unadulterated water sup
ply, the company would be unable to
operate its system in Pennsylvania"
An officer of tho company says:
"One-third Of the state is underlaid
with coal. and the seepage from the
mine Is sulphur water. which Is rank
poison to boilers, SO we must secure
sn adequate supply of the pure arti-
Gle. We are looking to the future
and our locomotives are given moth
ing that will take the lining OF their
boilers. The operation OF the railroad
requires large quantities Of water OF
a high degree Of purity. Such waters
must contain only a small amount of
alkali. no suspended matter and only
a small quantity of those substances
which form hard scales in steam
boilers"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
COTTON CONTROL IDEA
PROVES FAILURE
Attempt to Form Board Is Aban.
doned After Long Confer
ences in England.
By the Associated Press.

By the Associated Press.
MANCHESTER, England, February
1.-THE attempt to form a cotton
control board has ended unsuccess-
fully. The decision was reached after
a long series of conferences, the last
of which took place yesterday. that
owing to diversity Of interests it was
impracticable to devise a plan which
would meet with the approval Of all
the interests concerned. Therefore
the entire project was abandoned.
A dispatch from Manchester jan
uary 25 said that at q meeting of
employers engaged in the spinning
and manufacturing of American cot
ton approval had been given to a
plan for the appointment of board
of control for the cotton industry
The plan was said to embrace regu-
lation of production and the impos!-
ton of levies on mills, payable both
by employers and workers. The
amount secured through tho levies
was to be applied to the payment OF
workers made idle through stagnant
trade.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
BIG BUILDING YEAR
IS NOW ASSURED
Railroads and Factories Have Ex.
:. tensive Plants for Costly
Expansion.

Special Dispatch to The Star,
3. NEW YORK, February 1.-THE key
to the business outlook is to be found
this year in building operations. Keep
your eye on the builders is the advice
of the National City Bank.
This means not merely the builders
of houses, but the builders OF railroads
and industrial plants in particular.
The housing shortage Is still with
us. Everybody, knows that. Unless
prices advance beyond the point of
reason. house-building must go on.
experience Of 1919 and 1920 will save
US from that. What is probably more
interesting Is the indication that rail-
read building will continue upon an
active scale, and that there will be
resumption of industrial construc-
ton. Last year in a total of nearly
Sc. 900. 900, 900 there was but $750.000,-
900 put into factories. In this very
material and highly industrial coun-
try more money was spent building
twice as much building schools.
The reason--industry has been
slowly catching up with the over
development of the war. Billions OF
dollars were put into factory con-
struct which was vacated when the
peace slowed things down. The same
thing has been true of machine tools.
Enough tools were made to afford the
country a tremendous surplus. Now
we are catching up with that surplus
in tools and factory buildings. This
year there is promise of greater in
dustrial construction. The steel in
dustry furnishes an index. it was
generally believed that this business
had been expanded during the war to
a point which would preclude further
building/for another ten years. Yet
a number of leading companies are
planning extensions, and the United
States Steel Corporation has plans
for S15,00O,000 of capital expenditures
this year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
BUILDING SLOW IN JAPAN.
Commerce Department Expert Re-
ports on Conditions.

PHILADELPHIA, February r.
Extent of. the Japanese earthquake
damage is not yet known, Hallock a
Butts, assistant chief, far eastern d.
vision, bureau of foreign and domes-
tic commerce, told the Export CLUB
at q luncheon here. Officially the es-
innate is put in round figures at
s7,O0O.00O,000 to 100000 100000. but
material and merchandise loss VIII
probably be less than this, as labor
cost Is figured in as the greater por-
ton. Mr.. Butts has just returned
from a three-year stay in Japan
THE payment of some 9So,OO0,00O In
insurance to the big companies suf-
fering the greatest losses is the prob
lem that is holding up the renewal OF
activity and reconstruction, Mr.. Butts
said. So far, Yokohama has done
nothing toward restoration of her
business facilities. No permanent
buildings have been started, nor have
ship channels and wharves been re-
paired A number of American firms
have set up steel hangers, similar to
those used for airplane housing, as
temporary warehouses and offices.
Indications. however, point toward
the eventual restoration of Yokohama
as seaport, as the dredging of u
channel to Toxic would be too ex-
pensive and the geographical location
unadapted to good distribution of
goods throughout the orient.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
Gig 1924 BUSINESS
PREDICTED BY FORD

BOSTON, February 12.--Henry Ford.
in an interview published here, is quoted
as saying he could see nothing but big
business for 1924.
I'VE are planning for q Is per cent
to 20 per cent increase in output of
Ford cars, LincolnS and tractors" he
said. Against output Of these exceed
ing 100000 in 1923, am confident we
will manufacture between 100000 and
100000 in 1924. This will include all
our plants in Detroit, England and Can
ada.
"Such has been the pressure for trans
portation for our products from our New
York plant to New England that we are
now shipping by our own boats and by
the same method from Albany to New
York. We have In mind decentralizing
manufacturing activities somewhat. We
have enough men In Detroit now. We
employ there between liz, 900 and $780,
600. We have a 100000 plant in Ire
land and the workers there are a fine
body of men.
I'VE have purchased Johanssen Gauge
Company Of Sweden, which also has a
big plant in Poughkeepsie. 1t turns out
instruments that measure correctly to
a millionth Of an inch. Mr.. Johanssen
is with our organization
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
PROM|SESS9O0,0(O
FOR NEEDY BANKS
National City Bank Adds. to
Fund Started by Morgan.
Latest Relief Steps.

By the Associated Press.
NEW YORK, February 1.-THE
National City Bank has added a sub
scription Of 100000 to the Service
Corporation, the organization being
formed with 100000 capital to as
sist banks in the northwest.
John McHugh. the New York bank
ing member Of the committee named
In Washington a week ago to draft
relief measures, said other large
New York financial institutions have
agreed to subscribe large amounts
providing leading banks and indus
tries in other parts Of the country do
likewise.
Mr.. McHugh said at least half Of the
100000 capital was expected to
come from the large western financial.
transportation and industrial inter-
ests. Completion OF the Service Cor
poration's organization will be under
taken in Chicago Thursday.
j. p. Morgan & Co. made q $500, 900
contingent subscription Saturday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

FORT WORTH, February 12.-Wheat
is beginning to, show up green in the
plains counties, after a series Of hard
freezes and much snow.
KANSAS CITY, February IA car
load of Hereford bulls assembled at
the stock yards from Missouri and Texas
Greene Cananea Cattle Company in old
Mexico to improve the Mexican strain.
BOISE, Idaho. February 1c.-Large
wool Of last years clip are being closed
out at prices ranging from AZ to A
cents in the grease.
has interfered with shipments of eggs
from the west and prices here have
advanced to cents q dozen. Stocks
Of storage eggs have declined nearly
20, 900 cases in the last week and it is
feared they will not last the month out.
DANvILLE, Va, February Ito
bacco sold here in January totaled
5.722,1 ia pounds. The average price was
80, 67l, 91S pounds, sold for more than
81, 100000
ufacturers and jobbers have expert
enced a decided increase in business
lately, but they are at a loss to account
for 1t.
CLEVELAND, February 12.-Increas-
ed buying by farmers has stimulated
production of bolts and nuts. Orders
taken in recent months for farm i'm
PIGMENTS have exceed those for the
last three years, according to the pres
ident Of the Lake Erie Bolt and Nut
Company. Heavy buying by railroads
also Is reported.
PITTSBURGH, February 12.-Sea-
soma. buying by western interests has
increased operations among wire mills
in this district. Average operations
are in excess Of IS per cent of capacity.
Prices are very firm.
PHILADELPHIA, February 1.-Two
carloads OF steel wire which will be
made into cables for the new Delaware
River bridge have arrived here. Each
wire is is inch in diameter and 1900
will be used in each cable.
SAN FRANCISCO. February 12.-The
Ernest Wilson Company, confectioners,
with branches here, at Fresno, San
Jose, Stockton and Palo Alto, stated
today that the mechanical process for
dipping raisins in chocolate has pro-
gressed to such a stage that it Is now
possible to offer chocolate dipped raisins
In fYc-cent cartons. ~
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
PROSPERITY INCREASING
GENERALLY, SAYS BARNES
Area of Distress Limited and I'm
provement Likely There, Declares
Commerce Chamber Head.
By the Associated Press.


CHICAGO, February 12-Manufac-
turing and general business seems to
be advancing throughout the nation,
with some measure OF earnings on
the right side, according to Julius H
Barnes, president Of the Chamber of
commerce of the United States.
The area of distress centers in GER
tam Few industries, cattle raising,
copper mining and single-crop grain
raising, he said. The cattle industry
SHOWS signs of recovery, with south
western ranges in promising condi-
ton; copper mining needs the return
to stable conditions In Europe to re-
store it to full activity, and diversified
farming is replacing single-crop grain
raising. according to his report.
cotton and dairy farming are en-
Joylng fair measure of actual pros
perity. he said. The oil industry
seems to have passed it's worst stage
or depressing overproduction and is
on the upgrade"
The government should have no
opinion on prices, but should devote
ITS energy to maintaining the fair
and uninf1uenced field in which nat
ural influences make prices and work
out the question of any disparities,
Mr.. Barnes declared.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
LIVE STOCK RECEIPTS.

BALTIMORE, February 12.-Live
stock receipts here yesterday were:
loads for the week; with light re-
ceipts. market active and stronger:
25 higher on spot, mostly on cows and
better grade steers. SteerS-Choice,
s.25as.75; good butcher. s.25as.75: me-
dunn, 7.25aS.00; common, 5.50a6.50.
Heifers-Choice, 7.00a7.75; fair to
good. 6.00a6.75: common to medium
3.50a5.25. Bulls--Choice. 5.75a6.25; fair
to good, 4.25a5.00: common to medium,
3.25a4.0o. Cows-Choice. 5-25a5.
fair to good, 4.25a4.75; common to
Sheep and lambs-Receipts, 1900
head; light supply: market steady;
sheep, 3.O0as.00; lambs, S.00a15.00.
Hogs-Receipts, $500 head: good
supply; market lower; lights. 7.S0;
heavy, SOS; medium. sos; pigs. $50;
light pigs. 6.2o; roughs. 4.00a6.25.
Calves-Receipts, $50 head; good
supply; market steady; calves, 5.5oa
400.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
BUSINESS IS RUSHING
IN PITTSBURGH AREA

Special Dispatch to The Star.
PITTSBURGH, February. 12.-Pitts-
burgh business and Industrial in
terests are highly optimistic as to
the immediate outlook. This Is due
partly to the Improvement displayed
in the steel market and partly be-
cause general business conditions are
shaping up so as to encourage more
extensive buying. The $4,000, 900 in
dustrial pay roll for this district in
the last two weeks has -exceedad-even
that Of the pre-Christmas period.
The crude oil market is very firm
and coal is steady. Bituninous in
terests are encouraged at the decision
Of the western Pennsylvania opera
tors to sit in the wage agreement dis
cussions at Jacksonville. Coke is
quiet, with current demand below pro-
ducti6n. The weather has favored
materials and hardware are in ex-
cellent demand. -.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
HARDWARE SALES GOOD.
Rope, Ash Sifters, Tacks and Cop.
per Rivets Are Higher,

NEW YORK, February 1c.-Hard-
ware Age, In its summary OF the
hardware markets, will say tomor-
row:
Current sales in practically all Of
the smajor hardware markets
throughout the country are active;
price tend encies are stiffening eight
ly, and future business booked by
jobLerS is said to be substantially
larger than it was at this time last
year.
Although the open winter has re-
tarded the sale of snow and ice tools
in many sections this is said to have
been offset to a large extent by i'm
creased demands for builders hard
ware, carpenters and mechanics
tools and automobile accessories.
"JobberS in some sections believe
that prices in several lines are likely
to advance in the near future because
of the increased demand, the absence
Of any surplus stocks and the ap-
parent tendency on the part OF re-
tailerS to place larger ORDERS
Among the important advances Of
the week announced by jobbers were:
Manila rope advanced cents per
pound base: tacks have been adj
vanced approximately 10 per cent;
ash sifterS and stove board adj
vanced 10 per cent and copper rivets
and burrs were reduced about 10
per cent
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
bus COMPANY NET
|. FOR January OFF
$1,000 Increase in Expenses
Cuts Earnings to $189.83.
554 Employees Buy Stock.

Tho net corporate income of the
Washington Rapid Transit Company
amounted to s1S9.sS in January, as
compared with s1,372 for the same
. period of last year, and with $2,429
in December, 1928.
Comparison of the months figures
with those of r. year ago show the
loss is primarily due to increased op-
Grating costs. Chassis repairs Were
approximately $1,000 greater, and
general and miscellaneous expenses
rose approximately $500, principally
in salaries. Total operating revenues
during the month amounted to
s2S,915, or about the same as last
year, with expenses aggregating $685.
635. Deductions totaling 1907 were
made, $3.50 for taxes and $57 for Ii
censes.
Thirty-six buses We're maintained
during the month, carrying 354,6l5
sents an increase of 1896 passen-
gers during the month as compared
with January, 1923, when the same
number of buses were employed.
S54 Employees Buy stock.
A total of 554 employees of the
Washington Railway and Electric
Company and the Potomac Electric
rover Company nave purchased I,Vod
shares Of railway stock via the me-
dunn offered employees Of the two
companies short time ago, it was
reported this morning. Under the
plan the stock can be had OH d par
tial-payment plan as we'll as by cash
transactions.
Purchasers OF this stock are about
equally divided between the carrier
and the lighting company, with about
s per cent of the number making
cash transactions. The remainder
elected to take advantage of the COM
pany'S offer on an installment basis.
With the disbursement of the IL
per cent dividend on the common and
preferred stock of the company,
which will be declared on February
19 and paid March 10, the railway
company will round out it's first year
of a per cent payment on the COM
mon stock. This rate has been dis
bursed on the preferred for.some time.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
NET PROFITS HIGHER.

NEW YORK. February 1.-THE
report Of Cluett, Peabody & Co., Inc,
for the year ended December 81 last
showed net profits of $3.12s,666 after
all charges and taxes. equivalent
after preferred dividends to SAILS
share earned on the $1S,000.000 conf
mon stock outstanding. This COM
pared with S2,75I,441. or $12.01 a
share earned the preceding year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
COrTONsEED OIL DROPS.

NEW YORK, February 12--Cotton-
seed oil made new lows for the move
ment yesterday under liquidation by
cotton houses and scattered local SELL
ing, encouraged by the decline in lard
and cotton, easier crude and slow cash
demand generally. Closing bids were
near the lowest and showed net
losses of IS to 10 points. Sales. 26,-
800 barrels. Prime crude, S.62k bid
prime summer yellow spot, 9.75 bid;
March closed 1917 bid; May, 1886;
July. 1915, all bid.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
LUMBER DEMAND KEEN.
First Week in February Keeps In
dustry Optimistic.

NEW YORK. February 12.-Lum..
Der demand. which during January
developed strongly and reached high
levels, remained keen during the first
week of February, says the Ameri-
can Lumberman, Chicago. The out
look has frightened constantly as
the year has progressed. and high op-
timism pervades the industry. Not
only are general industrial prospects
very good, but preparations are clear
ly being made for one of the biggest
building years In the countrys his
tory.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
LIVERPOOL COTTON

LIVERPOOL, February 12.-Cotton
Spot in fair demand; prices easier.
Good middling, 1882; fully middIing,
1882; good ordinary, 1852; Ordinary
1882. Sales, 5000 bales, incIudine
$500 American. Receipts, 5000 bales
no American. Futures closed steady
February, 1903; March, 1919: Nav
1919; July. 1855: September, 1905;
October. l6.44' December, 1901; Jam
uary, 1890.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
BUSINESS OUTLOOK GOOD.

BALTIMORE, February IL (Spe-
ciaU.-The general outlook for bust
ness I'm Baltimore for 1924 is most
encouraging, according to the month
ly Industrial report Of A. s. Colds
borough, secretary of the Merchants
and Manufacturers Association, just
issued.
The only fly in the ointment, &C
Nexcessiye demands for wage in
creases" in building trades.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
RICE SALES ADVANCE
AT SURPRISING RATE
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW ORLEANS, February 12.-The
statement of the Associated Rice Mills
issued this week showed a distribu-
ton Of about 100000 bags of rice
during January. This was nearly a
than expected Miliers are very firm
in their views because of the dimin-
tshing supply and the probability OF
an acute situation before the next
crop becomes available. The market
has been dull recently, owing to the
apparent unwiIlingness of the trade
to pay the high prices. Mills are
now demanding As to cents a pound
for fancy blue rose and 5 IS to 5k for
extra fancy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
DRUG PRICES DECLINE,
Better Demand for General List of
Materials.

NEW york;. February 12.-Lead-
ing developments in the drug and
fine chemical market last week, ac-
cording to The Oil, Paint and Drug
Reporter in its current issue, were
the sharp declines in potash iodine.
resublimed iodine, calomel, corrosive
suhlimate and santonin. The down
ward revisions came as the result of
sharp competition between domestic
factors and importers. MenthoI
eased or slightly and closed at lower
prices.
Better demand for the general list
of materials was reported. and gave
rise to better feeling. in the trade.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
CURB BODY ELECTS.

NEW YORK, February 13.-Six
members for the board of governors
Of tho New York Curb Market Asso-
citation were elected yesterday. John
Coleman, defeated by John J. Mac
Trum, was the only unsuccessful can
didate. Those elected are Herbert T.
Hedge, Mortimer Landsberg, John ].
MacTrum, Norton f. Stern, D. E.
Spencer and George c. Winchell.
They will serve for three years.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
DIVIDENDS DECLARED.

MONTREAL, February 1.-THE
Pacific Railway Company has declared
q dividend Of 2 per cent on the pre-
ferred stock for the half year ended
DECEMBER 81 and a dividend OF 21z
per cent on the common stock for the
quarter ended December 81. Both
dividends are payable April to
,stockholders OF record February 20. I
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
COAL EXPORTS INCREASE.

BALTIMORE. February II (Spe-
cial).-Coal exports through the port
of Baltimore increased heavily dur
ing January over the total for Janu-
airy, 1928. During the past month the
aggregate was $500 tons; for the
corresponding period last year it was
4,119 tons. One shipment of S,491
tons of coke also went out.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
WILL SPEND $10o,ooo,ooo.

ST. LOUIS. February IL (SpeciaD
Company announces that in the next
six years it will spend 100000 900 in
the St. Louis district in adding to
facilities. including the Cahokia plant.
which. when completed, will cost
$50, 100000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
WHEAT SALES CONFIRMED.

PORTLAND, Ore, February IL
Especially Sale of three cargoes of
wheat from Pacific northwest ports
to the United Kingdom has been con-
f1rmed here, but the prices named are
said to be barely sufficient to pay re-
placement costs. Two of the cargoes
were sold by Portland exporters and
one by a Puget sound interest.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
GASOLINE SALES DROP.

CHICAGO, February IL (SpeciaD.-
Gasoline prices have held up in this
territory, although weather condi-
tons have greatly lowered sales.
kerosine and distillate, however, have
sold in unusual quantities at firm
prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
PRUNE DEMAND. PICKS UP,

s SEATTLE. February IL (SpeciaI).-
Resumption of buying of Washington
nd Oregon prunes by New York and
rorty thousand boxes of prunes are
o be shipped from north Pacific ports
this month.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12

Have You Been StuAG Yeti
Some men have to get stung good
and hard before they learn to be eau
tious in making Investments. Be-
fore you inv northumberland,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
N. Y. Stock and Bond
Averages.
....s e... a..
STOCKS.
Monday, February IL.

STOCKS.
Total stock sales, $4,000
shares.
Twenty industria1s averaged
1o1.os; net loss. .15.
High, 1924, 1924; low, s4.ss.
Twenty railroads averaged
s4.s1: net gain. 80.
High, 1924. $3.50: low, s2.74.
BONDS.
Total bond sales <par valued.
100000.
Ten first grade rails averaged
ss.0S; net loss, .12.
: Ten secondary rails averaged
I, s4.es; net loss. .os.
Ten public utilities averaged
1856; net loss. .12.
Tan industrials az era g ed
s3.s3: net loss, IL.
Il Combined average, s7.6S; net
loss. IL.
Combined average month ago.
SITS; year ago, sS.s1.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
BERLIN BANK REPORT.

BERLIN, February 12.-The state
ment of the Bank of Germany as of
January 81 shows decrease of 1O3.-
900 marks in coin and bullion.
Gold holdings remained unchanged at
467,031 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-12
Money to Loan

Secured BY 6rst deed q trust On real sseasa
Prevailing Interest and commission.
Joseph !. Weller az sssI Wa. e. / / tn.