davidaulloa/AmericanStories huggingface dataset:
Evening star., 1924-11-01
Ante-EIecti0n M0ues IL, Stocks
Bring Out Diuided Opinions
Prices Usually Haze Not Risen Rapidly
When There Had Been Aduance
During Campaign.

, means in all, but in many other lines.
After the bitter lessons of 1s20-21,
and the brief, but emphatic, reminder
| of April to October. 1923, merchants
and manufacturers are schooled
against readily accepting increased
prices. When the commercial mar
kets point upward they fall back on
the policy Of buying for immediate
requirements only. This attitude
finished goods to put up pHces enough
to take care Of larger costs and at
the same time provide a suitable
profit margin. This is the main prob
lem confronting American industry
today. and it is going to persist,
despite anything that happens in
politics.
The high prices reached during the
last few days in investment bonds
and preferred stocks of the highest
rating raised some question as to
whether this might not have been
sign OF timidity on the part Of capital
whether 1T might not have meant the
desire to confine operations of an in
vestment character to securities
whose value would be assured regard
less of political or economic changes.
But these misgivings were disposed
OF when the more speculative end of
the market also picked up. 1t was
then realized that the high invest
ment prices were still q reflection of
money conditions and nothing else.
Sterling Exchange Center OF Interest.
In view of the return of Great
Britain, by an overwhelming vote. to
conservative government, the ster-
ling exchange market has become de-
cidedly more interesting again. There
are many who predict that now there
is no longer any obstacle to the grad
ual getting back of the British pound
to pre-war parity. On the other
! hand, the French franc has rallied
very little despite assurances thst the
next budget is going to be balanced
out of ordinary revenues. The rea-
son lies in the inflated paper cur
rency which has SO far resisted all
attempts at correction.
Commodity Markets Suffer Setback.
The principal commodity markets,
especially wheat and cotton, have
suffered at times during the last week
some rather sharp checks. The ex-
port demand for wheat, which was the
basis for the big rise q month ago,
has fallen off. the high prices having
exerted their inevitable effect.
In the case Of cotton the statisti-
cal position has been in favor Of
lower prices. The wonderful weather
at the close Of the season brought
an upward revision of estimates. The
Government between October and
October Is raised its calculation by
over 100000 bales. Private authori-
ties now place the gain much larger,
some of them even talking about a
final total Of 13.000,000.
At all events, taking the carry
over of 100000 bales from the old
-
cations for the new, aud making the
liberal allowance for combined ex-
ports and domestic consumption of
1880, 900 bales. Z large surplus Of
cotton 10 indicated for the coming
season.
Evening star., 1924-11-01
NEW YORK CURB MARKET
Received by Priuts Wire Direct to The Star O1lc,

movement with an overnight jump of
9 points to 1bo and Ward issues were
2 TO points higher. Grennan Baker
les was carried along sympathetically,
as were number OF the baking
shares on the stock exchange.
After closing Friday at 1871. Cities
Service common opened today at 176
and was actively taken on reports
that Cities Service will segregate it's
electric light and sas companies from
it's oil properties
Rova featured the radio shares,
crossing IL again, while operations
for the rise appeared to be getting
under way in Jones Radio around and
just above 10. American Power and
Light new and Commonwealth Power
we're outstanding strong spots among
public utilitius
Evening star., 1924-11-01

NEW YORK, November 1.-Follow-
ing is an official list of bonds and
stocks traded in on the New York
Curb Market today:
Evening star., 1924-11-01
MINING.
FOREIGN EXCHANGE.

tQuotations furnished BY W. r. Hibbs & Coz
Nominal Selling checks
Evening star., 1924-11-01
EVERYMAN'S
INVESTMENTS
BY GEORGE T. HUGHES.
LOw-PRICED STOCKS.
Stnetieth Article.

Have you ever sold a perfectly good
bond to buy a low-priced stock? II
so, you probably acted on information
that the stock was so low it couldn t
go lower The turn was in sight and
you might make a large profit.
For some strange reason people
like to follow that sort Of advice
rather than to obtain information
from some one who can actually
analyze the company and reach a de-
pendable conclusion with neither an
excess of optimism nor prejudice
only the other day a customer went
into bond house with this query:
II want to know il this company
has a chance to get back on it's feet ~
no said. I'm thinking of buying
some of the stock. but 7 can't get
periodical statements the company
puts out
Plenty Of Information.
Now tho statements put out by that
company were in no sense meager, as
tho bond man. quickly demonstrated
They consisted Of quarterly income
statements and semi annual balance
sheets that were amply sufficient for
any ono to form a pretty fair esti-
mate OF the companys condition and
tho stocks worth, if he would but
carefully compare and ana1yze them
year by year.
The bond man read, and explained,
tho company's record year by year,
from its own statements. which
showed that for four or five years the
company had lost money steadily.
Yet 1t had actually invested more
money in this losing business by ex-
pandinE its plant 1t had been able
to do this by selling moro and more
stock.
The record indicated that the stock
was worth very little and there was
no evidence to show that it was
going to double in price next week."
as the grape vine Information had it.
Rise Would BE Accidental.
Why don't you fellows who under
stand these things" the customer de-
nanded Indignantly, come out and
say this stock can't possibly double
next week."
NO one can say that" the bond
man replied. Here's the past rec
ord OF the company, but no one
knows what lucky chance or accident
might turn up in the immediate
future"
1t is almost always exceedingly
dangerous to buy low-priced stocks
because ''you can't lose much" or
stock will double next week" If
balance sheets and income state
ments mean anything to you. and
they should mean a lot to every man
who has accumulated and invested a
dollar, give them a little considera-
ton or go to dependable person
who can quickly interpret them to
you. Then, If you wish to gamble,
you can Judge what the odds are
against you and whether or not you
wish to swap safety for a 1,000-to-1
chance.
Evening star., 1924-11-01
BY WILLIAM F. HEFFERNAN.

NEW YORK. November 1.-The
rise in baking company shares on
tho curb exchange today bordered on
the spectacular. For some time the
financial community has been aware
of an impending consolidation Of sew
oral leaders of this industry and
word reached the street today that an
announcement Of such a merger could
be looked for within the next few
days. The terms of the proposed con-
soltdation, however, have not as yet
been made public, or is it definitely
known which companies are in
cluded. but United Bakeries, Ward
Baking and General Baking have
been mentioned.
United Bakeries led the upward
Evening star., 1924-11-01
EXPENSES ABROAD
SHOCK TOURISTS
Many Americans Decide to
Send Money instead of Gifts
to Kin in Europe.
by j, C. ROYLE.

srecial Dispatch to The Star.
NEW YORK. November 1.-THE
foreign born citizens of America are
more than willing to come to the
provided the money they loan,
through bond issues, is spent largely
or in part in this country or under
proper supervision. None, however.
are more bitter than foreign born
americans over the way visitors to
Europe are mulcted.
Nothing has done more to sever
the bonds between those Americans
born in Europe with their native
lands than recent visits which some
of them have made to the places Of
their birth. They have been vic
timized in their own home towns
because they were part OF the
spent *5,0o0.000 day in Europe the
past Summer. One prosperous Hun
garian restaurant proprietor who
came to this country Is years ago
returned today from a visit to his
former home.
Before a traveller could get his
baggage handled on the Bremerhaven
docks, he said, he was compelled to
pay porter 81 American money or
more. when translated into foreign
exchange. than many skilled mechan-
les are making for a days labor in
Europe. AT every turn similar de-
mands were made. He carried with
him scores of presents for relatives
and friends in the region around
Budapest, but before he could deliver
them. the cost of handling them had
tripled their cost to him.
Owed IS Cents; Lost $500.
Another arrival on a liner docking
AT New York today who has made an
enviable reputation as an insurance
broker in New York told how he had
been held up over baggage regula
tons for seven hours and forced to
miss a steamer at cost of over 5000.
before he was allowed to pay the
extra charge assessed. which amount
ed to less than 50 cents in American
currency.
Both these men declared that If in
future they should 20 to Europe they
would carry no more baggage than
would suffice them for the steame r
trip over. They said they could buy
all clothing and other articles cheaper
than they could have their handbags
and trunks transported from town TO
town.
Will Give American Money.
Foreign born residents who took
delight formerly in sending or carry
ing gifts from America to Europe
have announced their intention OF
disseminating this custom. They say
il is much moro satisfactory to max e
their gifts in American money and
let the rccipie ntS buy their preSen IS
in the shops in their own towns.
where they can take advantage of
exchange.
These facts undoubtedly will find a
reflection i'll the Christmas buying
done in the next month by foreign
born residents. Not only will Amer
lean manufacturers find their usual
sales curtailed to some extent. but
there promises to be IL decided flow
of American money to Europe. with
consequent unsettlement of foreign
exchange, which still is in a thor
oughly unstabilizrd condition else
where than in Great Britain. 1t is
also likely that the parcel post bust
ness prior to the holidays will fall
of.
Evening star., 1924-11-01
DIVIDENDS RESUMED.

PORTLAND, Nc. November 1.-The
Maine Central Railroad directors have
declared a quarterly cash dividend of
s1.c5 per share on the preferred stock.
This is the first dividend declared
since September |. 1920.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-01-22
Are You A Mother?
Here is Some Good Advice for Every
Woman

Minneapolis, Minn.-"Dr. Pierce's
Fayorite Prescription is an excel
lent tonic for woman to take dur
ing expectant motherhood. l took
it, and was in far better health and
much stronger than Lever had been
during any of my previous expectant
periods. Both Of my 'Favorite PREF
scription' babies were extremely
healthy and recovered my strength
verv quickly afterward. I think so
we'll of the Prescription that
would take it again should need it,
for it has given me so much COM
fort."-Mrs. Walter Miner, 2l12
Milwaukee: Ave.
All druggists. Tablets or liquid.
Write DR.. Pierce, Pres. Invalids' Ho-
tel in Buffalo, N. Y, for free nAdi-
or send 1Oc for trial pkg.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-01-22
presented to the committee.

presented to the committee.
Advised in advance of the nature
of the testimony which, Archie
Roosevelt would give, Assistant At
~torney General Holland was present
as the personal representative of
Attorney Generay Daugherty. Rep
rcsentatives Longworth of Ohio and
Garrett of Tennessee, Republican
and Democratic leaders in the house,
followed the testimony.
Archie Roosevelt testified he had
resigned as vice president of the
Union Petroleum Company, the
branch of the Sinclair consolidated
oil corporation, in charge of the
export business, after having been
connected with the Sinclair COM
pany since August I, 1919.
yesterday afternoon I handed in
my resignation to the Sinclair con-
solidated oil corporation" he said.
II did this because felt that I
could not give the loyalty to my
employer which he was entitled to,
should remain with him."
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-01-22
Scandal BANK
CASES ARESET
TO BE TRIED
Judge KneeshaW Overrules
DemurrerS to Indictments
Presented

Grand Forks, N. D., Jan. 22.-Mo.
tions to quash, and demurrers to in
diG ments returned against six OF
thu seven defendants in the Scandi-
navian American Bank case were
overruled by Judge w. ]. Kneeshaw,
who announced that trial of the
cases would probably begin in Grand
Forks late in February or early in
March.
Pleas of not guilty were formally
entered by H. j. Hagen, N. G. Eggen,
r. r. Sherman, ]. j. Hastings, +. w.
Cathro and L. P. McAneny. Mr..
Cathro and Mr.. McAneny also en-
tered special pleas of the statut. of
limitations and all of the six de-
PENDANTS entered special pleas of
previous acquittal. They are all
charged with Irregularities leading
to the closing of the bank.
F. c.. Heaton did not appear with
the other six defendants and it is
understood that his plea and motions
in his behalf will be entered at some
future date prior to the commence
ment of the trial of the cases. 1t
was announced in the court Monday
that he had retained Francis Murphy
of Minot as his attorney. Of the
other defendants, Mr.. Cathro and
Mr.. McAneny were represented by
w. S. Lauder of Wahpeton, while
John Burke of Fargo appeared for
Hagen, Hastings, Sherman and Egg
gen.
The state was represented Satur-
day by Attorney General George
Shafer, States Attorney H. F. Hor-
ner OF Cass county, and George A.
: Bangs Of Grand Forks.
AS there were a total Of % in,
dictments against the six men who
appeared Monday it was stipulated
by the opposing attorneys one motion
to quash, and one demurrer should
be entered and argued and that
these motions then be held to apply
to. all Of the indictments to which
they were applicable.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-01-22

ance before the senate Teapot Dome
amazing testimony developed by
the committee had been d contribut-
| ing cause to his decision to sever
his connection with the Sinclair oil
interests.
Mr. Roosevelt testified, and was
corroborated by his brother Theo-
dore, assistant secretary of the navy,
that G. d. Wahlberg, private secre-
tary to Harry f. Sinclair, had told
khim that he had cancelled checks
for $G8,000 drawn by Mr.. Sinclair to
the order of the foreman of the
New Mexico ranch of Albert B. Fall,
former secretary Of the interior, who
leased the Teapot Dome naval oil
reserves to the Sinclair interests.
Mr.. Wahlberg, closely pressed by
members of the committee, denied
he had made any statement that
he had the cancelled checks and
declared emphatically and repeated
ly that he had no knowledge Of any
money or other consideration having
PooSCu DSt"SCu NL' JlilSidlI anu WI
Fall.
Testify Again
Archie and Theodore Roosevelt
we're recalled and reiterated their
statements. Archie said he had
talked with Wahlberg over the tele-
phone about lao o'clock yesterday
morning, Theodore listening in, and
had obtained from Wahlberg full
confirmation of his understanding of
their previous conversation in which
he said Wahlberg told him he had
the cancelled checks. After z o'clock
Wahlberg called him on the tele-
phone, Archie testified, and stated
that he had been misunderstood as
to the matter of the checks.
Archie Roosevelt told the commit
tee he came before it on the advice
d his brother, the assistant secre-
tary of the navy, to whom he had
related in New York the conversa-
ton he had with Wahlberg. Theo-
dore Roosevelt stated that he had
brought his brother to Washington
with him and that Secretary DENLY
concurred with him in the view
that the conversation should be
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-01-22
"DAKOTA" MEN
ELECTED CASHIERS

B. G. Berg, a graduate of Dakota
Business College, Fargo, N. d.,
was recently elected cashier of the
Merchants Bank OF Dalton, A. L.
Luebke, another ~Dakotan,'' has
been appointed cashier of the First
National Bank of kildeer. About
226 'Dakotans" have become bank
officers. Twen:y-three are heads
of wholesale firms.
Week after week, you read of
the progress made by graduates of
Dakota Business College. Doesn't
it spur you to Follow the Success
ful?'' New pupils received every
Monday. Write F. l.. Watkins,
Pres, 500 Front St., Fargo, N. d.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-01-22
FOR FATHERS COUGH

January is usually one of the cold
est months, and brings it's share of
coughs, colds and hoarseness. Take
FOLEY'S HONEY AND TAR COM
POUND at the first sign of a cough
or cold, as it looscns the phlegm and
quickly brings relief to the infamed
membranes of the throat. "Your
HONEY AND TAM COMPOUND has
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-01-22

FOR RENT Modern bungalow, two
large rooms on main floor, Muir
ply folding bed, furnished or UNI
furnished $25 per month. Call at
918 Ave. B. 1-22-3t
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-01-22
AT FARGO

W f. Reynolds, state dairy COM
mission. will be an instructor in the
dairy short course in the Agricultural
College at Fargo. He left today for
Fargo.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-01-22

done wonders for my father, who had
an awful cough He is feeling fine
now," writes Nicolasa Gonzales,
Cuero, Texas.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-01-22
QUITS COMPANY

Washington, Jan. 22.-A1 chic
Roosevelt. son of Theodore Roosc-
welt, making an unheralded appear
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-01-22
SUMMON FALL
! AS SCANDAL ON. :
LEASE BREAKS
Ell from page II

Continued from page y
\ mittee investigating the Teapot
Dome oil lease. he informed. news
paper men this afternoon.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-01-22

The Women's Christian Temper
ance Union has a national member
ship of 100000.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-01-22
Too Late To Classify

FOR RENT-Five room modern
house by February /. Phone 6O3R
after five p. IN. or call at sos
Rosser 1-22-3t
, 1924-11-25

agogues Of ,he past relied upon ignor-
ance fol success ia their ventures.
whether they captured the mind by hol-
low sopnistrieo and lies; like Demos
themes ana Mark anthony, or, like Gaze
ser and Napoleon, by OlilIlan. EXPLOITS
on the field OF battle The consequences
of the careers OF these men are recorded
in letters OF blood on the pages OF His
tory.-a IiGCe transient glory, reached
over a pathway streWn Win human corp
SEES. Should we profit from the records
of the past, 81 should we noC? A word
to the wise is sufficient.
, 1924-11-25
ESSAY ON EDUCATION.
By S~criptOrjOus.

Concluded from yesterdays AUj8.)
The world is filled with designing and
selfish men, VINO spoil for power and IN.
holy gains at the expense of the ignor-
ant multitude, and consequently the
great problem of Modern Society is not
to find the leader, in the singular sense
of the term, to be invested with vicari-
Gus powers, but rather to make of every
, 1924-11-25
ain of Mrs. Harding.
w. I. & P. Telegraph Co.

Marion. Ohio, Nov. 2lst.-Ihe @Iuo"
of ex-PreaIdent Harding died here TO-
day. Death was Uue directly To kinney
aiImeuU from which she uad been suffer
ing for years.
, 1924-11-25
To Whom II May Concern


FORWARDING an unsigned order for
4 sweaters, kerchief and shaving set
in the amount Of 1919, the HoWard-LuX
Company of Cleveland, Ohio. has re-
quested the cooperation of this office IL
obtaining the name of the writer. The
postmaster will receive and transmit this
particular to the company.
Post Office, Christianoted, Y. l.. Nov.
"A, 1924.
B. r. LARSEN, Postmaster.
MARIE MERLETTE
MARY HETLIuER
JOSHUA ROBERTS
will please call at the Cari5JianaJed Posi-
Office concerning registered mail.
B. II. LARSEN, Postmaster.
, 1924-11-25
IELEGkA MS.
ST CROOK STA D

" NINU--N III --O-T'
Paris, Nov 20lh. -Vlncente bIasco To.
anex's mani, esJo against hius Alfonso OF
Spain, a hundred page p@mpulo., WnIch
has been published in France, England
and the United States, charges the King
with being directly and personally respoa-
sibIa for The Spanish mIufary disaster I'D
Morocco 10 1921, Wnen General oliFeoJla
and several thousand Spanish soldiers
were killed and thousands OF others maIe
prisoners, The Spanish au,not also
charges the King with Detraylng the
French by giving information 10 the Ger
mans during the Waf.
London, NOV. 20,h, Mr.. Au ten Cham
, 1924-11-25

pNAoO1 no w II AN00N 5 GNP"C-O
rectiOn in all the complex affairs Of lie.
The strenuous times 10 which we i've
demands a higher type OF leader than
the egregiOus demas Jgue, and a hIgn6t
standard of education among the mas eS
If Civilization IS 10 eldure. Ihls explains
why the American Common School idea
is being adopted by most OF the forward
looking nations Of the hour, and why ed
ucatiOnat facilities ate gr9a -er today than
ever they Obtained In the history Oh the
world. An ignorant and SneepIIke t0l-
Swing presents to view the very unso-
cial and unSaV0ry spectacle OF a passive
and questioning subject, which profits
from the wisdom Of lis guide, Our EnIcl
must also suffer from ta4 eros and
Dlunders perpatrated in n3 ne; and
since not all leaders uI the ,.Jrant are
actuated by aItruistic motives, and since
not all such leaders are wise, aay damn
utl0n In the means OF general enugnleu-
ment, and a consequent increase 10 the
forces of darkness, are a calamity
agai0st which it beh0OVes US to be ever
on our guard. The days when petty DIES
pOtisms and relationships We're good Tor
the world are passing; the period when
1t was good policy to merge 0u45 IndlVl-
duality into that of another received lis
death blow when Luther nailed his nl0e-
ty five propositions on the gates Of the
church at Nuremberg, and was buried
forever spontaneously with the birth Of
Jue printing press. lnJ5e WaO. I'm a dean
Ocracy, especially, 34l54 LIelt Vol IS
against higher instruction, because Of
fear that more education would chOck
the avenues o. their personal profits,
forget tbs Law OF compensation, and are
therefore sacrificing on the atl&r oil eX
pedIency the interests oil their OWn gen
e~ratiJns yet unborn; for let il not be for
gotten hat Ii was a disappointed dema-
gogue who, working upon tae emotions
OF his suntutored fellow eXpatriaJes,
eventually succeeded in trampIing be-
meath his horses hOOl5 almost every yes
tIge of the accumulated wealth and civil
iZatlOn OF the Roman world.
The greatest drawback Of small COM
munities, tar removed from the big aud
positive hub of world activities, is that
they are compelled to support the burden
oil individuals who are only half educat-
ed or that have been improperly prepar-
ed to discharge satisfactorily the exact
ing duties of positions of prominence to
which they aspire men who know a lit
tie of every thing and sufficient of moth
ing. These inefficient mentailJieS, be-
cause OF the invariabIe circumstance Of
the very low order Of intellect by which
they are surrounded, are disposed to
Judge OF themselves b. comparison with
their UnlpttpTpd brethren rather than
Evening star., 1924-11-18
Near 10th and Columbia Rd.

PRICE, S11. 900. A very attractive home
in hfgh-class, conveniently located section;
modern In all respects, with six bright rooms
and bath; hot-water heat, electric light, oak
floors; In fine condition; wide alley in
with plenty of room for a garage. This is
unquestionably the most reasonable house in
this neig ghborhood.
Evening star., 1924-11-18

FIVE RVUM AND RATHROOM BLNtTAIOW,
nearing completion; running water. electricity.
furnace; lot S0X1J0: So, $50; 5000 cash. SO
monthly, or liberal discount price for cash.
Both Virginia lines, IS minutes to ,ieorgc-
town. Phone Col. 2iG. 1Sh
Evening star., 1924-11-18

) ROOMS AND BATH, METAL GARAGE.
large basement gas. furnace heat. bath; near
new Anacostia Park: $3.50 cash; S35 monthly.
Price. S3o0o. 1916 Minnesota ave. Sc.
623 9Th ST. Ne. COR. OF NORRIS-EIGHT
room house: nil modern Improvements; imme-
diata