davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1924-03-09
DAUGHERTY IS
 DINNER GUEST
,csatIaued Frsm .psss oas,

one published in a Vermont city and another in Boston.
 "One of these daily papers, as l re- call, and I don't want to do any yio- fence to present newspapers in the thriving city of Boston," he said, "was the then very powerful and influential Boston Journal. It was partly from it and party from inheritance that secured my party affiliations, for the Boston Journal was. the strongest re- publican newspaper, think, that there was in those days in New England"
 The President reminded newspaper men that they and he had mutual re- and said that he felt he was under very great obligations to the newspapers for the success that have had through them informing the Ameri- can people of what have tried to adopt and put into effect as policies.
 q think everyone knows that be- lfeve in economy in government" he continued. Not that I can see a real virtue merely in cutting down expense, but a real virtue in a constructive econ- omy that undertakes to measure the resources of our country, comparing them with the demands that are made for the expenditure of money, and as wisely as possible making fair ad- justment between those two conflicting forces.
 Many Seek Appropriations
 '.I had occasion to suggest to you the other day that there are very many organizations just at the present time that are very vigorous, very active, in undertaking to secure appropriations from the federal treasury. Some of them are undoubtedly entitled to be considered as having great deal of merit, and they will have to be ad- justed in accordance with principles of constructive economy.
 -"Others of them are not so import ant, and they have to be dealt with in the same way. remembering that it is necessary to make the expenditures of
Evening star., 1924-03-24
CHICAGO LIVE STOCK MARKET.

CHICAGO, March "a Omitted States
Department of e).-Hogs-
Receipts, $4,000 head: fairly active:
shippers buying freely; big packers
not bidding; mostly ) to 10 lower:
lightweight show minimum decline
pounds @ gave aSeraged na Psoa755 aS 5oV top 20 80
desirable 250-te-300-pound butchers
largely. 7.40a7.5o: bulk packing sows.
6.60a6.S5: killing pigs active; bulk
strongweight, 6.50a7.00 heavyweight
hogs, 7.35a7. 80: medium. 7.40a7.55:
light, 1:25a7.50; light light, 6.6Oa1. so:
packing sows. smooth. 6.!oa6.g0:
slaughter pigs, 5.50a1.10.
Cattle-Receipts, $4,000 head: slow :;
few early sales beef steers and year
linEs around steady: most early bids
weak TO unevenly lower; best ma
tured steers, early, 11.90; best long
yearlings, 11.50: fat she stock, can
ners, cutters and bulls around steady:
bulk heavy bolognas, 4.65aA.90; veals
steady to unevenly lower; quality
conside red: practical packer top,
1000; stockers and feeders steady:
demand mostly centered on choice
weighty kind.
Sheep-Receipts, 10000 head; slow:
few handyweight fat lambs to ship
perS strong; others weak to % lower:
sheep and feeding lambs steady: few
good fat wooled native lambs, 1900:
handweight lambs to shippers, 1850:
good clipped lambs. 1900: odd lots
fat ewes. 1100a11.25; choice feeding
lambs, 1900
Evening star., 1924-03-24
COTTON MARKETS.

NEW YORK, March 24.--Reports of
improving weather conditions for new
crop preparations in the south seemed
chiefly responsible for declines of
from so to 75 points in the early
trading on the cotton market today,
Cotton for July delivery sold off to
i2745, or 3.15 bale below Saturday $
closing.
Liverpool was an active seller here.
while there was a good deal OF selling
for western and southern account. and
prices soon broke to 2S.10 for May
and 1925 for October, or A to 30
points below Saturdays closing. There
was enough covering or fresh buying
from these prices during the early
trading, but the tone of the marke
was unsettled. New crop months were
relatively steady. New Orleans was
a heavy seller of July here on the
decline
NEW ORLEANS, March 24.-The
cotton market opened lower, first
trades showing losses from Saturday S
close OF y TO Al points; Liverpool
was lower than due. the weather
map was generally fair for the entire
cotton belt and weekly dry goods re-
,ports were generally unfavorable.
The market continued to decline
steadily after the opening call. with
nedNy trading until May
down to 2S.30, July to 21.40 and Oc-
tober 10 24.72, or a. TO 6S points down
from the previous close. The mark ct
then became somewhat steadier at the
decline, but has rallied only few
points.
The market continued to decline
| during the entire morning under the
pressure of rather general selling
due to more favorable weather and
| poor dry goods reports. New York
reported renewed selling by the Palm
Beach contingent and rather liberal
| selling from all interests. The an
nouncement that the report Of the
Hoover experts would not be issued
today deprived the market of sup
! port from that direction. Fall River
reported there was talk of mills cut
ting wages. May traded down to
| 27.96 and July 27.14, or 81 to 81
! points under the close Of Saturday
/ October dropped to 24.50, or Sc points
| down. The market was quieter, but
| little improved at noon.
! LIVERPOOL. March 24-Cotton
spot, good business done. prices easer
Good middling, 17.12: fully middling
i17.27: niddling, 1852: low middline
1897; good ordinary, 1897; ordinary
l4:47. Sales. 5000 bales, including
5,400 American. Receipts. none. F'u.
lures closed easy. March. 1853: MAY
16.49; July, 1914: September. 1914
October. 14.63; December, 1925; Janu.
larry, l4.l6
Evening star., 1924-03-24
STOCK LIST "SPOTTY."
Renewal of Selling Pressure
Against Motor Shares.
BY the Associated Press.

BY the Associated Press.
NEW YORK, March 24.-Stock
prices firmed up at the opening of to-
days market. under the impetus OF
heavy buying of United States Stee
common, which advanced Ia points
following publication Of the annual
report. Independent steels also de-
veloped strength as a result of the
Improvement in the industry reflect
ed in the corporations report.
Initial gains were extended as buy
ing was renewed on a heavier scale
in the early dealings. United States
Steels return TO above par brought
accompanying advances in Cruel BILE
Iudlum, Bethlehem and Republic
which rose about "A point. Railroad
shares also improved in tone, with
widening inquiry for New York
Central, Chesapeake and Ohio, Mis-
souri, Pacific preferred.
Profit taking. however. wiped out
a part of the recent gain OF Lacka-
wanna and brought a recession of al
most points in General Electric.
American Beef Sugar moved up "a
points. Weakness of Baldwin. which
Yielded point on profit taking, and
United States Steel, which reacted as
much, caused the list TO waver at the
end of the first half hour. Foreign
exchanges opened irregular.
General List SpOtty.
The general list presented a spotty
appearance throughout the morning.
Renewal of selling pressure against
the motor shares was Counteracte ed
by strength of the oils. which ad-
VanCed on expectations OF further in
'reaSeS in crude oil prices. Houston,
Maracaibo, Royal Dutch, Invincible,
Producers and Refiners and Pierce
Oil preferred rose l to 2k points.
The attack on the motors was con-
centrated on Studebaker, which drop
ped more than a point to another
new low at 81 Is, while WHY'S Over
land preferred, Pierce Arrow prefer
red, Maxwell a and Stewart Warner,
also yielded to selling pressure. Sugar
stocks were buoyant on Favorable
trade reports and announcement of
dividend action on American Beet
Sugar common. Call money opened
at ; per cent.
Variations In List.
American Woolen and International
Harvester ran off sharply before the
buoyancy of the merchandise shares
encouraged IL renewal of buying for
the long account in other sections OF
the list. Studebaker made up all OF
its decline and Norfolk and Western
was carried up 23.. Woolworth
jumped ~ points to 345 and Kresge
1912 to 3591a. Market Street Railway
second preferred and Goldwyn Pic
lures rose points each.
Evening star., 1924-03-24
CHANGES IN STOCKS
MOVING IN GROUPS.
Weakness in Some Issues
Compared With Strength
in Others in List.
BY STUART T.. WEST.

Special Dispatch to The Star.
NEW YORK, March 24.-Today' S
stock market, the same as last week,
moved by groups. Weakness in parts
of the list coincided with strength
in others, corresponding to the diff
fercnt conceptions of conditions as
between individual industries. Sen
timer mt was bullish on the oil stocks
because of the admit edly strong
statistical position of the industry.
1t was bullish also on the sugars
In consequence of the fact, often
pointed out, that so far this year the
producers have been realizing high
or prices than last year and that this
foreshadows an increase even over
the very satisfactory earnings of
1923. Further illustration OF what
this means for dividends of the sugar
companies was given by the action
voting 81 on the stock payable in four
quarterly inStallments.
Oils and Sugars Up.
While the oils and sugars were go
ing up, selling continued in some of
the motor stocks, in one or two of
the tobaccoS and in American Wooien.
Studeoaker got down below %. Gen
eral Motors Du Pont and the Pierce
arrows were all heavy.
fhe decline in Tobacco Products re-
flected distruSt occasioncd by the re-
cent annual report showing less than
81 Il share on the common stock,
whereas 1t had frequently been given
out during the year that earnings
were running well in excess of the So
dividend American Sumatra made a
new low accompanying severe break
in the Ila per cent bonds, which
looked rather ominous.
Tlln Irnr fyN 4 I..s1VN Nln 1gN
low 20 brought out the usual dis
cussion about the uncertain prospect
i'll the textile trade. The trouble with
the Woolen business. as with the cot
ton business, is the low profit margin
due to the ina bility to pass on high
costs to the consumer.
Street Impressed by steel.
The street was impressed with the
surplus Of nearly $3.50 on United States
Steel common, but il was still more
impressed with the balance sheet, which
showed an assets condition the best il
has ever been in the history of the COM
pdny- steel common opened uD l..
points and continued to hold its ground.
There was. however, no sympathetic
rise to speak of in other members of the
steel group. The explanation was that
opinion is, to say the least, dubious
about the steel trade outlook but that
it recognizes that United States Steel
common, like the Standard oils. has now
become an assets proposition rather
than an earnings proposition.
After the check received on Satur-
day by the announcement that the
Baltimore and Ohio would oppose the
Pennsylvania Norfolk and Western
and apparently with considerable
confidence. Lehigh Valley was an
other feature among the rails, getting
up nearly points as it crossed 10.
Evening star., 1924-03-24
u. S. LOAN ISSUES
CONTINUE At HIGH
Remain Today Around Clos
ing Prices of Saturday.
General Bond List Reviewed.
by GEORGE r. HUGHES.

Special Dispatch to The Star.
NEW YORK. March a4.-Bond
trading started the week today with
prices still firm and the general mar
kct strong. The pace of the advance
Of Friday and Saturday. however
slackened perceptibly and in specific
instances there were signs OF profit
taking.
There was no change in the funda-
mental conditions. Money, the ease
in which initiated the rise in bonds
WAS stu to be had at "A to AZ per
cent for ninety-day periods. with the
TURTLES.
Not Inclined to Go Higher.
United States government loans sold
around Saturdays closing prices. but
in most cases were not inclined to
go much higher. In the high grade
industrial list there was u good deal OF
ilregularity
General Electric 3hs were in de-
mand up point American Tele-
phone and Telegraph obligations
ma aintained their recent gains. Among
the rails Norfolk and Western IS
went up half point and Union Pa
=.
the Southern railway issues were
firm and higher, with the general 4s
at new high for the year. Chicago
and Northwestern refunding 5s crossed
Q. for the first time this year.
Chesapeake and Ohio convertible 5s
and convertible 4Hs were both active
and higher with some subsequent re-
action. Norfolk and Western convert
ible Gs had another advance in SYM
pa thy with the stock. In the more
speculative rails the st. Paul junior
obligations we're higher, while there
were very heavy dealings in st. Louis
San Francisco income 6s up fraction
ally. The St. Louis-San Francisco
February statement. out today. evil
IDENTIFY made a favorable impression
upon traders.
Feature Among the fractions.
Among the fractions Brooklyn
Manhattan Transit IS were the fea-
ture. with sales in large volume at
y new high for the year.
Most foreign issues were unchanged
or higher. without particular feature
500. 900 in Continental Motors Cor
poration Shs, priced at 96L2, to yield
about per cent: S2,475, 600 state of
Kansas AZ per cent soldiers com
pensation bonds. to yield 4.35 per
cent; $4,000, 900 state OF Alabama ~
per cent road and highway bonds. 10
yield SO per cent; $1,000, 900 Atlanta
Joint Stock Land Bank 5 per cent
bonds at par and sI,120.000 City OF
Minneapolis 42 per cent bonds TO
yield from "A to 4.45 per cent.
Evening star., 1924-03-24
FOREIGN EXCHANGE.
SUGAR QUOTATIONS.

NEW YORK. March 24-Raw sugar
was easier earlier today, but no sales
were reported. Cubas were offered
at 6.91 duty paid.
The issuance of some March notices
and more favorable labor advices
from Cuba led to heavy liquidation
in the raw sugar futures with prices
at midday showing declines of AZ
uoints on March and IS to 81 points
on later deliveries
The market for refined was dull
and unchanged at $40 to $50 for
fine granulated.
Refined returns were nominal.
Evening star., 1924-03-24
INTERCOAST TRADE. 1923
Shipping Board Shows Movement
of 12,4Oo, 900 Tons.

Statistics of intercoastai c1rgo
movement for the year 1923. made
public last night by the Shipping
Boards bureau OF research. show
total OF s12, 100, 000 tons. made up of
$500, 900 east bound and 2,SG0. 600
wcstbound. OF this amount 7.4S5.-
600 tons were crude petroleum ship
ments from California fields. 1900, eco
tons of which moved through the
port Of Los Angeles.
About 20 per cent of the total
movement was shown to have passed
through Los Angeles. which had a
total inboard and outbound move
ment of more than $500, ,000, 900 tons.
New York was second with 1876. 900
tons. San Francisco bay. including
Oakland. third with 1,572, 900 TONS
Baltimore fourth for 1852, 900 tons
and Philadelphia fifth with 1.J49,000
tons.
The Puget sound section had a
total of 100000 tons.
Evening star., 1924-03-24
CHICAGO GRAIN MARKET.

CHICAGO. March 24-Seasonahle
weather led to more or less selIine.
of all grain today during the earlY
dealings and brought about a mod
crate downturn in values. 1t was
pointed out also that wheat was still
10 above an export basis. Uncer-
tainty regarding legislation at Wash
ington tended, however, to act as
something of an Offset. The open
ing, which ranged from Il to q.
106k, was followed by a further
setback all around.
Corn and oats sagged with wheat
After opening Il to y of, May 7ska
7SA, the corn market declined a
little more.
off, May 47A to 4S, and later con-
tinued to weaken.
Provisions were easier in response
to lower quotations on hogs.
Evening star., 1924-03-24
GRAIN AND PROVISIONS.

BALTIMORE. Md. March "a CSpe-
ciaD D.-Potatoes, white. 100 pounds.
90al.9O; per $50 pounds. 1.40a2.75.
Sweets AMI yams. bbls.. 2.50a7.5O. As
bushel, a.Ooa5.Oo. Beets. per 100, 400
a60o. Broccoli and kale. 40a50. Cab
bage, per 100 5.00aS. 90. Savoy. bushel.
50a6o. Carrots, per 100. 4.00a6.00.
CaulifiCwer. crate. 2.00a2.2J. Celery,
rate. 3.9oa4.o0. Cucumbers. crate.
40. Horseradish. bushel. 2.50a4.o0.
Lettuce. bushel. 2.00a3.50. onions. 100
pounds. ,50a2.25. Oysterplants. per
100. 6.0oas.00. Parsnips, basket. 6oa
40. Peas. hamper. 3.00a4.30. Peppers.
crate, Sooa5.5O. Spinach. bushel. 1.75
matoes, crate. I.50a3.50. Turnips.
bushel 40a50
Apples - Packed. barrel 2.00a4. 80;
bushel. seal. 50: box apples, 1.15a2.5
Grapefruit. box, 1.50a2.15. Oranges,
box. 2.00a2.75. Strawberries, quart,
J0a65.
Selling Prices on Grain.
1.O91.: No. red winter, garIicky,
spot. domestic, 1.10L; exports. no
quotations: No. 4 or No. red win
ter. gariicky, spot. no quotations.
Corn-Cob. new. 4.25a4.30 per bar
rel for yellow and 4.10a4.lj per bar
rel Tor Wnitt- NO. CoTli, Sppl, 90 :
No. corn. spot, S5"s; track corn.
yellow, No. 3. new, SSaS9.
Sales-Cargo on grade, No. . white,
SO: cargo on grade, No. 3 white, Sc;
$50 bu. No. yellow. Sc: tS2 bu. No.
. mixed, SSi2; 2,s20 bu. No. 3 mixed,
Sc
Oats-No. white, 81; No. white.
new. 55a55l II.
Rye-Nearby. 70aSO; No. . rye. spot.
10as0: No. rye, spot. 169s.
Hay-Receipts. 1o4 tons. An am
pie quantity of hay of all grades and
no special inquiry for any descrip-
tion. although better grades clover.
mixed. and No. ! clover meet fair
sales at quotations. Low grade and
damaged is dull at any price.
Quotations-No. l timothy. 2S00a
$3.50 per ton; No. >. 27.0Oa27.50; No.
3. 25.00a26.O0: No. / light clover. mix
ed. 26.50a27.00: No. clover. 24.OOa
$500: No. l clover. mixed. 25.50a26 90
No. l clover, 26.00a21. 90.
Straw-No. ! straight rye, 2400a
$500 per ton; No. l tangled rye, 1900
a20.00; No. l wheat. 1S.00a1S.50: No.
l oat. 17.00a1S.0o.
Evening star., 1924-03-24
NEW PLAN FOR HIGHWAYS
=. S. Commerce Chamber Propose:
Co-Ordinated Transportation.

A program designed to deevlop a
national policy governing the co-or-
dination of rail, water and highway
transport has been submitted to it's
members by the Chamber of Com
merce of the United States.
The proposal upon which a ref
'erendum expression is sought asks
the judgment of the members on re-
tention without material change of
the transportation act, railroad con-
solidation, the relative readjustment
of freight rates, a national survey Of
inland waterways, establishment of
|store-door delivery by rail and motor
carriers and other related subjects.
Evening star., 1924-03-24
FRENCH FRANC JUMPS.
Reaches New High Record for Year
at Opening.

NEW YORK, March PA sensa-
tional advance of 81 points today
carried the price of the French franc
up to 563 cents, new high record
for the year, at the opening of the
local foreign exchange market The
gain, one Of the largest recorded
since the recovery OF the franc set in.
resnIted from heavy accumulation of
covering orders over the week end.
The franc reacted % points. when
the market suddenly was flooded with
selling orders.
Sterling also was subjected to SELL
ing pressure, the demand rate de-
opening figure to around $4.29.
Evening star., 1924-03-24
BROKERS' LOANS SLUMP.
Wall Street Men See Effect of Con.
gresS Probes.

NEW YORK March 24.-Wall street
brokers generally are of the opinion
that the Washington legislative in
quiries and the. disclosures resulting
therefrom have been largely re-
sponsible for the loss of public in
terest in the stock market. Brok ers
loans, widely regarded as a fairly
accurate index OF public interest in
the market, have been steadily de-
creasing since the inquiry into the
sing Of the naval oil reserves took
q sensational turn.
Evening star., 1924-03-24
FLOUR AND PROVISIONS.

NEW YORK, March, 24.-Flour-
Quiet: spring patents, 6.10a6.50; soft
winter straights, 5.00a5.30; hard win
ter straights, 5.50a6.0O.
Rye-Quiet; No. 2 western, 805a
f. O. b. New York. and 1874 c. i. +. ex-
port.
Barley-Firmer; mailing, ssas2
c. /. f. New York.
Pork-Steady; mess, 24.75a25.75;
family, 27.o0a28.00.
I.ard-Steady: middle west. tI4oa
11.5o. sss.ss
Evening star., 1924-03-24
DAIRY MARKETS.
BALTIMORE. March "a

BALTIMURE, March Il tSpeCiaIJ.
Live poultry turkeys, pound, 25a
40; young chickens, 25a45: Leghorns,
24a25: old roosters, IGa17; ducks, 25a
"a: geese. 21a28: pigeons, pair 45aJ0;
guinea fowl, each, 30a60.
Dressed poultry-Turkeys pound,
25a42: chickens. 2sa35: old roosters
F1ais: ducks, 3oa35; geese, 20s2f; ca
pons. 35a43-
E:ggs-Loss off, native and nearby
firsts, dozen, 81 z southern, 2l; duck
eggs, A..
Rutter-Creamery. good to fancy.
pound. i3a50: prints, 50a52; nearby
creamery f3a45; ladies, 32a3i; rolls,
30a32; storepacked 29a30 dairy
print, 30a32; process butter, 3Sa39.
Evening star., 1924-03-24
Wright Aero (l). IL IL IL IL
Wrix W Jr 3d.. S6M 86M SO SO

tPartly extra. payable in preferred stock.
Divtdend rates as given in the above table
latest quarterly or hslf-yeariy declarations
Unless Otherwise noted, extra or special
dividends are not included-
Hjgh. Low. Last,
Call N0nAy..... 8 8 8
HoURLY SALES OF STOCKS.
IL an. -. 264 100 lp.m..... 525 300
- m....... at goo 2p-m..... 622 500
Evening star., 1924-03-24
FORM PACKING COMPANY.
S5OO,O0O Plant to Be Esta blishet
at Front Royal, Va.
specia, pispa tch to The star.

WINCHESTER, Va, March 24.-Or-
ganization Of a $500. 900 corporation,
known as the Old Virginia Packing
Company, Incorporated, with main of
fees at Front Royal, was announced
there yesterday by J.. N. Major, who
said it was the intention to manufac-
fruits contributing most of the raw
material.
Evening star., 1924-03-24
Record of Stock Issues.
Washington Stock Exchange.

SALES.
Washington Ewy. & Elcc. pfd > 4; -
AFTER CALL.
Washington Gas is -3:i-1On ~ i0n1>
Riggs Nati"na, Bank at 9g2i,
Commercial National Hank-1S At Ji2. 10
1i2. at ifg. 81 142
Washington Rwy. & Elec. pfd--1n at H..
Moncy-Call lcan>. : ard ner cont.
Evening star., 1924-03-24
BAR SILVER QUOTATIONS.

LONDON, March 24.-Bar silver,
33s pence per ounce. Money, 2h per
cent Discount rates Short bills, per
cent: three month bills. 3a3 1-16 per
Evening star., 1924-03-24
TITLE INSURANCE.


BEFORE You Invcst-Invcstigate
It's queer how cara6ul man can
be after he's lost his money. Abe
Martin says that u man who is not
satisfied with per cent and his
money are soon parted.
Evening star., 1924-03-24
Bid and Asked Prices
BONDS.
PUBLIC UTILITY

BID. Asked.
American r,I & TeiSa fs..... - vi
American Tel ~ Tel.a. Chs. ..... 100
Am Tel. < Tel. cil ir. l>...... 97". @>4
Am. Tel. " Tel. cuny 6-..... l-".i 1-s3
Anacostia X Potomac S........ - =
AnacoStia \ Potomac guar as. 81 y
C. 4 =. Telephone .ts.,....-.-... @Hi.
& 4 T. Telcphone Of va. -,s.... - -
Capital Traction X. T. 9s....... 9f"I 81
city 4 Suburban -.S.......-..... -
Georgetown Gas LIT .bS.-....---. - ~
Metropolitan Il. K 5s.......... 9gi, 100
Potomac Elcc lst IS............ H1l. 9oi4
Potomac Elec cons .s.......... ~ ..--.
Potomac Flee. deb. 6S..-.......- 100
Potomac Elcc. Is 1868. ...... 1u3 .'..,
Pot Elec Pow. z III. & ref. Is. lni .....
Wash. Alex. & Mt Yer 1S.... ~ .....
Wash, Alex. & Mr V. eff. 2f 49,.
Wash. Ralt. 4 Aunap. Js....-. 90. 6>#r
Washington Gas as.......... a3Et 9it,
washington Gas 6S...-.......... lOpr. IuIt.
Wash. Rwy. " Eiec. 4s........ 1lat -
Evening star., 1924-03-24
MISCELLANEOUS

u {. Paper Mfg 6S......-..... -
Riggs Realty - tlouG I......-.. 81
Rigs Realty rs tshorfi ... 81
Wssh Mkt Cold Storage l>. aa
Wardman Park Hotel t;s . lul