davidaulloa/AmericanStories huggingface dataset:
Evening star., 1924-12-12
new FIRM TO SELL
GAS IN SIX STATES
Maryland Concern Plans to Serve
81 Communities With 230, 900
Population.
Special Dispatch to The Star.

BALTIMORE. December 12.-The
preliminary step in forming a chair
of utility companies to furnish gas
fore lighting. heating and power ir
six States were taken today before
the Public Service Commission, when
the commission granted authority &c
the West Virginia and Maryland Gas
Co. to purchase three small gas COM
panies operating in West Virginia
and Western Maryland.
The commission also granted au-
thority to change the name of the
amalgamate ed companies to the Cum
be rland and Allegheny Gas Co. This
concern will be purchr sed in the near
future, il is undert0cc, by the
Southern Gas and Power Corporation
which already controls gas companies
operating in Georgia n rth Carolina
South Carolina and Virginia
When the amalgamation is COM
pleted the Southern Gas and Power
Co., which is incorporated u..d-- the
laws of Maryland, will furnish gas In
81 communities with an aggregate
population of 100000 persons.
According to counsel for the
corporation, it plans to construct All
artificial gas plant in West Virginia
to supplement the natural gas, now
being furnished to it's consumers
This move. it was said, is in anticipa-
ton of the eventual exhaustion of the
natural gas supply.
Evening star., 1924-12-12
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

HAVERHILL. Mass, December IL
The Shoe Board of Arbitration has de-
cided that in event of curtailment
shoe factory workers must all be en-
ployed even if only at part time, until
orders on hand are completed. rather
than that some should be discharged
and others retained.
PITTSBURGH, December 12-Cold
finished steel bars have advanced So
a ton, from 2.70 to $50 cents a pound,
grating has advanced from $40 to
$40 cents. This advance like that in
spikes, is related to advancing in hot
rolled bars.
SAN FRANCISCO, December 12.-
Although orange. shipments from the
Tulare district are already ahead of
last seasons output by 1000 cars, in
dications are that San Francisco will
experience Christmas orange short
age. Virtually all the Tulare district
crop is going to Eastern cities.
HOUSTON. December 1.-THE
turkey market in Texas Is firm,
dressers are paying "a to 25 cents a
shipping cars of live birds to the
Eastern trade on a basis of 271s cents
a pound at the shipping point. The
dressed market ranges between 81
and 80 cents in central Texas.
YORK, Pa, December 12.-Revenue
reports show that in this district
57,503,283 cigars of all classes were
sold in November. This Is q gain Of
over three million cigars "a com.
pared with November last years
Evening star., 1924-12-12
GOLD EXPORTS NOW.
MAY PASS IMPORTS.
December Likely to Show Un.
usual ResuIts-0ther Time
Iy Wall Street Notes.
By the Associated Press.


NEW YORK. December 1.-THE
sharp expansion in the outward move
ment of gold this month may result in
an excess Of exports during December
for the first time In several years. Con-
signments Of gold have been made In
the last week to England, Germany,
Holland. Sweden, India and indirectly
to RUSSIA.
Extra Dividends Declared.
The American Window Glass Co.
declared an extra dividend OF / per
cent on the common stock and the
regular quarterly disbursement of
u per cent. the same payments that
we're authorized in the four previous
quarters, also the regular IA per
January to stock of record Decem-
Der 10.
The Albany and Susquehanna Rail-
road has declared an extra dividend
of So a share, payable January 10 to
stock of record December 90
Initial quarterly dividends of 50 a
share on the class A common stock OF
the Continental Baking Corporation and
50 share on the preferred were de-
clared today.
The Missouri Pacific has ordered S5
Mlkado engines or 100 tons eacn ana
ten I45-ton Pacifics from the American
Locomotive Co and five locomotives
from the Baldwin Locomotive Co.
Louisville and Nashville, which bought
16 engines a week ago from American
Locomotive, has ordered eight additional
l62-ton Mikados.
The American Telephone and Tele-
graph Co.'S expansion program for 1925
involves an outlay of $265. 100000.
Pig iron prices at Cleveland have
been advanced SO cents a ton to $3.50.
Evening star., 1924-12-12
EVERYMAN'S
INVESTMENTS
BY GEORGE T. HUGHES.
A aRuIl Market"

A "BuIl Market"
Every so often there comes what
is known in speculative circles as
bull market" Quotations for all
sorts of stock. good, bad and indif-
ferent advance rapidly. Generaity
the movement begins under the IN
f,uence of buying by professional
speculators. When the pace becomes
more rapid the attention of OUT
siders is attracted and the upward
swing gains impetus, while the num-
ber of issues dealt in increases.
At such times one reads in the
newspapers of the profits made by
this or that fortunate speculator and
people who ordinarily pay no atten-
ton to the financial pages begin TO
study them to see If they, too. could
not possibly make something out OF
nothing. If the market is well ad-
vertised enough 1t is very difficult
to resist the contagion Of this specu-
lative mania.
Now there is nothing wrong about
speculation As modern society is
organized some one must carry the
speculative risk. The trouble is that
at times like these 1t is those who
are least fitted by temperament and
training for such ventures who are
the most eager to enter upon them.
1t would not be SO bad if these
tyros in speculation would use only
the money they could afford to lose,
but they generally go a good deal
farther than that. They take out
of their savings bank funds patiently
accumulated over long period,
hoping by one stroke of luck to dou-
BILE their capital.
When 1t is stated in this fashion
every one admits that nothing could
be more foolish than such a course.
Every one knows that sooner or
later loss is inevitable and yet in
every one of these bull markets
the same thing happens over and
over again. 1t is a thankless task
to utter word of warning and yet
that is just what / am doing here
Bear this in mind. that even when
fundamental conditions justify high
er prices for speculative securities
it is the invariable rule that the
advance goes farther than the facts
warrant This is always true, just
as it is true that declines go to
greater extents than there is any
good reason for. No one can say
just when this point is reached
either way. You may be the excep-
tional speculator who is able to get
If so, you are to be congratulated
But do not presume too much upon
your own self-control.
If you stick to Investment securi-
ties you won't have any of these
problems, but the people for whom
I am writing this "sermonettev are
not the kind who are content with
safety and 8 per cent"
Copyright. 1924 By Consolidated Press.)
Evening star., 1924-12-12
INDEPENDENT OIL STOCKS.
Washington Stock Exchange
SALES.

SALES.
Potomac Electric Cons 5s-sl coo at 90.
s.. 900 at 90i,.
Capital Traction 5s-SI 900 at ssk. $1,000
at asi., $2UVO at 9Sr2.
Washington Gas is $500 at 1011a, 100
at, 10Iiz. -.--
American Security and Trust CO. at 500.
AFTER CALL
National Mtge. & Invest. pfd.-1oo at 9ie.
40 at ga
al ~. st 1S
Washington Gas Lights at 53Ts.
Washington Rwy & Elec. pfd.--l00 at ISL.
Washington Rwy. 4 Flee. +s-sI 900 at 76.
Washington Gas ;s-S1 900 at 9sa4.
Capital Traction 50. 600 al 9s34, 81 ,Oo9
9Sss
washington Gas ss '33-sao0 at lus
Columb.s National Rank-5 at 265.
Washington Gas Gs-a0o at 1Ul24, 300 at
lo1a..
American Security and Trust Co.--J at
3o. y. :, at 3G51a.
Washington Gas Light-100 at 53ia, 100 at
J3i.
American Security and Trust Co a 800 y.
Moaey-Call loans, . aud per cent.
Evening star., 1924-12-12
PHONE EARNINGS GROW.

NEW YORK, December 12-Inter-
national Telephone and Telegraph Co.
enjoyed one of its best quarters in
the period ended September 80, with
earnings equal to $2.73 a share, COM
pared with $217 a share in the same
quarter last year. Earnings in the
first nine months of 1924 were equiva-
lent to $s.35 a share, or s2.35 a share
more than the annual dividend of Sc.
It's subsidiary, the Cuban Telephone
Co., is understood to be doing the
largest business in its history.
Evening star., 1924-12-12
SIX NEW DIRECTORS.

NEW YORK, December 12.-Six
bankers have been elected to the
board Of directors of the Warner
Sugar Corporation; Raymond B
Jones. vice president Bank of Man
haitian Co; +. Abbot Goodhue. presi-
dent International Acceptance Cor
poration: Arthur W. Loasby, presi-
dent Equitable Trust Company; Rob
ert l.. CIarkson, vice president Chase
Securities Corporation: George Arms
hy of Blair & Co. and Dunham Is
sheer, vice president Corn Exchange
Rank
Evening star., 1924-12-12
NEW ISSUE ON SALE.

NEW YORK, December 12.-New
offerings today were led by an issue
of 100000 Fisher Body Corpora
tion per cent serial gold notes at
prices to yield 4.25 to 5.13 per cent,
maturing in one to four years. The
proceeds will be used in retiring $17,-
100000 of the outstanding 6 per cent
serial gold notes dated February /
1928.
Evening star., 1924-12-12
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star once "

The feature of the public utilities
was Commonwealth Power, which
moved forward sharply for a gain of
six points when II crossed 124, ap-
parently on expectations Of larger
dividend payments at the next meet
ing.
Persistent demand for Kirby Pc
troleum carried the price to a new
top, up almost two points. before a
reaction set in. ie
Evening star., 1924-12-12
Sweet Potatoes Weaker.

sweet potatoes-SuppIies liberal
demand moderate market slightly
weaker; North Carolina. cloth ton
stave barrels, yellow varieties, No. l.,
e.onab.oo: white varieties, t5OaJ0O
ifiower--SuppIies moderate. do
mand moderate. market steady: Cali
1ornij pony crates. best. 260s215
mostly 80; some, fair quality. 295a
go.
-T"WatocS-IIothou supplies mod
crate: demand good for medium size.
1roderate for small sizes; market
steady: Ohio and Illinois. 10-pound
baskets. medium size, 3.00a325: small
sizes, 2.2ja2.50.
String beans-Supplies moderate:
demand moderate for good stock.
market weaker; Florida, "a -bushel
hampers. green best. mostly 500. few
t.9o, some fair quality d. 6.00a5. SO: Texas,
bushel. hampers, green, ordinary quail
lty and condition, 400.
Peas-Supplies light: good stock
scarce; Florida, -bushel hampers,
ordinary quality, $50
ggplant-Supplies liberal; good
stock scarce; Florida. pepper crates,
ordinary quality, 2.0oa2.5o.
Peppers-Supplies light; demand
moderate, market steady; Florida,
pepper crates, fancy, $50.
Lima beans-Supplies very light;
demand slow, market dull; Florida
fs-bushel hampers, $50.
Cucumbers and squash-SuppIies
very light; no sales reported.
Evening star., 1924-12-12
BY WILLIAM F. HErrERNAs.

NEW YORK, December 12.--The
upward movement was resumed in the
curb market today, but In some quar-
ters selling again had its effect aron
prices. Those who held to the opin-
ION that the market had been going
ahead too fast saw their contention
justified In Thursdays shake-out, and
came in on the buying side today.
Evening star., 1924-12-12
Your Banker Knows

When In doubt about a security
consult your banker 1t is equally
as much his interest as yours 10 pro-
tect your savings. You trust him
with your deposits--why not trust
him with your investment prohlemsS
Evening star., 1924-12-12
TURKEYS ADVANCE
IN LOCAL MARKET
Rabbits Also Higher-Meat
Prices Hold Steady at
Wholesale.

A slight increase In turkey prices
this week Tsuggested to dealers the
Possibility of Il higher turkey market
for the Christmas holiday season.
Nothing definite concerning holiday
prices can be determined for an
other week. dealers stated, but
they are reasonably certain there will be
a supply large enough for all demands.
Receipts of nearby selected eggs
have increased the past few days, ac-
cording to dealers, but prices have
not declined. There is little proba-
hility that prices will decline to any
material extent before the Christmas
holiday season, it Is stated.
Years ago the question of egS
prices at the Christmas holiday
season was of deep interest to per-
sons who had the flowing bowl of
egg-nogg to dispense to guests, but
now is the chief interest to house
wives who engage in cake baking.
Meat prices today were about the
same as those reported yesterday,
the calf market being slightly easier.
Butter and egg prices also remained
tho same. Rabbits continue fairly
plentiful. most of the stock coming
from Virginia. No. l rabbits were
quoted at 30a35, an increase of
cents, while No. stock brought Goa
% each.
Evening star., 1924-12-12

NEW YORK, December 12.-Fol-
lowing. Is an official list of bonds and
stocks, traded in on the New York
Curb Market today:
Evening star., 1924-12-12
Todny's Wholesale Prices.

Cheese-Long Horn, %; mild cream,
2S; old sharp, 50 pound.
Poultry-Alive, roosters. 16 pound
turkeys 30a32; ducks, 15a20; geese,
15a20: Spring chickens, 24a25; fowls,
20a22; keats, young, 50a70 each
dressed, fresh killed Spring chicken
80; roasters. 30: roosters, Is; fowls.
24a25; turkeys, 2Sa40; keats, young.
TOaSO each: ducks, %; geese %;
capons, 40a45. --.... 20,
Live stock-Calves. choice, 11H
medium, l0a11: thin, ,6a7: lambs
spring, Is. live hogs, Hale. .
Evening star., 1924-12-12
Fruit and Vegetable Review.

Today's market report on fruits
and vegetables, compiled by the Mar
ket News Service, Bureau of Agricul-
tural Economics. says:
Apples-Supplies moderate: demand
moderate, market firm: barrels, Mary
lanG, Virginia and West Virginia A
2f= inches up. Stayman Winesaps and
Black Twigs, 5.5Oa6.oO: some fair
quality, 500; \ 212 inches up, York
Imperials. 4.50a5.50: Delicious, 6.OOa
$50: \ "a inches up. Delicious, most
ly 7.0oaI.50; few 500; boxes, Wash
tngton, medium TO large sizes, extra
fancy Stayman Winesaps and Spit
zenburgs, S.00a3.25; Romes, mostly
500; Delicious, mostly 4.25; bushels
Maryland and Virginia, Stayman
Winesaps, No. I, 2ia inches. 1.75a2. 90;
unclaSsified, various varieties, 1.00a
loo
Evening star., 1924-12-12
Cabbage Market Dull.

Cahbage-Supplies liberal; demand
moderate, market dull; New York
bulk. per ton, Spanish type, 25.00a
$500.
Cclery-SUpplies liberal: demand
moderate, market steady: New York
two-thirds crates. wide range in
quality, 2.00a3.00, mostly 2.50a2.75;
California crates, 5.15a6.00, mostly
600.
Lettuce-Supples liberal; demand
moderate, market steady; California
crates Iceberg type. f4R doz., 3.s0a
SO; large size. some fair quality
and condition, S.00aS.25; Florida, / y =
hu- hampers Big Boston type, best,
".ona2.25, few early sales. $50.
onions-Suppit~s light. demand
light, market steady; New York and
ohio. lOo-lb. sacks leIlows L. 5. No.
i. medium to large sizes, mostly 500;
some iair condition. 215
Pota otatocs--Supplics liberal: demand
moderate, market steady: New York
15O-lb. sacks round white L. 5. No.
], 1.3oa2.o0 per sack; Michigan, $50.
1b. sacks Russet RuraIs, L. S. No l.
2.0oa2.15 per sack
Evening star., 1924-12-12
MISCELLANEOUS.
STOCKS.
PUBLIC UTILITY

PUBLIC UTILITY
Evening star., 1924-03-20
CHICAGO LIVE STOCK MARKET
NEW YORK PRODUCE.

NEW YORK. March 20 Especially.
Fancy Long Island white potatoes
sold more readily today, and higher
prices were realized under light fresh
no material changes either in de-
mand or prices. Sales ranged as fol-
lows for No. /, bulk stock, per IsO
pounds: Upstate round whites. -3.25
to $50; Long Island. Green Mount
aims, 4.60 to 500; new crop, Florida.
No. 1, Spaulding rose brought mostly
1900 per double headed barrel.
Old crop, white Danish cabbage re-.
ceived practically no attention. Some
sales made late Wednesday ranged
from 5000 to 1000 per ton. Florida
new cabbage sold mostly at from I.75
to zoo per " bushel hamper.
Onions were in moderate receipt
but there were liberal supplies held
over and demand continued very
slow. with prices irregular. No. 1,
yellow onions sold at from 200 to
2.90 per 100-pound sack, while No. l
red stock brought from 2.25 to 2.75
Western New York old crop car
rots and beets were in limited sup.
ply, with the market steady and de-
49, NJ fain - .vsn nfAa IA n.nkd fll.fr.er
Evening star., 1924-03-20
COTTON Unaffected
BY CENSUS FIGURES
Report on Ginning Fails to Make
Change in Early Market
Quotations.
By the Associated Press.

By the Associated Press.
NEW YORK, March 20.-The re-
port Of the census bureau showing
1o.15s,4ss bales Of cotton ginned
from the growth of 1923 was closely
IN line with expectations and had no
apparent effect in today's early cotton
market. The opening was unchanged
to nine points lower under overnight
selling orders, but there was buying
on the unfavorable showing of the
weather map and reports of continued
good spot demand in Liverpool, which
sent the active months about 10 to Is
points net higher after the call. May
advanced to 29.09 and October to 1888,
but realizing continued. causing rather
irregular fluctuations during the trad
ing.
New Orleans Records Rally.
NEW ORLEANS, March 20-Just as
the cotton market opened the final GIN
ming totals for the past year were an
nounced as 10.159,498 running bales.
First trades showed irregularity, May
trading II points under the previous
close; July, down, and October, 3 up.
AS New York opened higher on bad
weather in the belt, the market here
promptly rallied, and soon after the
first call May traded at 29.18, July at
1000 ana oCtODer at Z5.S5, or 10 to 70
points above the close of Wednesday.
The ginning total reduced to bales of
500 pounds. gross weight, is only 1000
bales above the governments December
estimate of 10,0S1,000 bales.
Good Spot Business.
LIVERPOOL. March 20-Cotton-
Spot, good business done; prices
steady; good middling, 1903; fully
middling, 1888: middling, 1918: low
middling. 1928; good ordinary, 1928:
ordinary, 14.78.
Sales, 5000 bales, including 4,soo
American.
Receipts! 1000 bales, including
$500 American.
Futures closed barely steady.
C1osing-March, 1903: May, 1900;
July. 1851; September, 15.48; October,
1897; December, 1856: January, 14.47.
Figures on Futures.
NEW YORK, March 2O.-Cotton fu-
lures opened steady; March, none;
May, 29.05; July, $3.50; October, 25.7O;
December, 1888
NEW ORLEANS, March 20.-Cotton
futures opened steady; March, 29.10:
May, $3.50: July, 2S.12: October, 1922;
December, 24.90.
Evening star., 1924-03-20
SHORT COVERING KEEPS UP
Professionals Drive Some Indus
trials to New Lows.
BY the Associated Press.

BY the Associated Press.
NEW YORK, March 20.-Continua-
tion of short covering held stock
prices firm at the opening Of today's
market. General Electric continued
it's advance and independent steels
made further recovery from yester-
days initial weakness. Low-priced
railroad shares gained fractionally-
on a good demand.
Speculative buying expanded in the
railroad section in the early dealings.
Norfolk and Western opened with 500
shares at 130 and the next trans
action was 1000 shares at 1872, COM
pared with 1881, yesterdays final
figure. Atlantic Coast Line also
jumped points and Louisville and
Pittsburgh and West Virginia, New
Orleans, Texas and Mexico and St.
Paul preferred rose 1 to points.
Among the specialties American
Radiator, Otis Elevator, Royal Dutch.
United States Cast Iron Pipe and
General Electric moved up 1 to 212
points. American Can bounded up
4, but suffered a sharp reaction, and
Tire forced that stock down 8 points
to 15A, new minimum figure for
the year. Foreign exchanges opened
irregular.
3 Renewal OF professional attacks
against wide range of industrials,
forcing motor. chemical. rubber and
independent steel shares to new
lows, later counteracted the strength
of the railroad group. Speculative
uneasiness over fertilizer commits
sions furnished an excuse for heavy
selling of American Agricultural
Chemical, which yielded 8 points, and
Virginia Carolina preferred, which
declined 2ss to new minimum figures
for the year. Selling pressure also
carried Chandler, Bosch Magnetic,
Chalmers, United States Rubber, Gulf
States Steel and Republic Steel to
their lowest prices for the year. Call
money opened at per cent, the low
est rate since July, 1922.
Evening star., 1924-03-20
$500, 900 SANITARY
BOND BILL PASSED
Washington Suburban Commis'
sion Will Improve Property
Through Loan.
Special Dispatch to The Star

special Dlspatch 10 Inc star.
ANNAPOLIS. Md, March 20.-The
Washington Suburban Sanitary Com
mission, which administers a sanitary
district in Prince Georges and Mont
gomery counties, is authorized to is
sue 100000 in bonds by a bill which
was passed by the Maryland house of
delegates yesterday. The measure
was introduced by the combined dele
cations from the two counties.
Another bill sponsored by the same
delegates. amending the organic law
creating the sanitary commission and
raising the amount for which bonds
may be issued from 10 to IL per cent
Of the assessable property in the
district, also was passed by the house
and goes to the senate
Three Bills Passed.
The house also passed and sent to
the senate three~bills authorizing the
mayor and council of Laurel, Prince
Georges county. to fsuc bonds, in
creasing the tax rate and relating to
the electric light bond sinking fund.
All these measures were introduced
Dy De!esate George j. Hess of Prince
Georges county.
A bill creating n special taxing
area to be known as Chevy Chase
View, Montgomery county, and en-
po"erlnS' the county commissioners of
that county to levy special tax of
$3.50 per lineal foot on the abutting
property owners on each side of the
streets OF the district, was introduced
IN the senate yesterday by Senator
Eugene G. Jones of Montgomery
county.
Bill Defeated.
The senate yesterday defeated a
Dill introduced by Senator Landslide
u. Sasscer of Prince Georges county
providing for the incorporation of
Cottage City, that county. A select
committee, Of which the senator was
a member, brought in an unfayorable
report to the senate, which was adopt-
ed. The bill divided the town in
wards and promulgated regulations
Tor the government of the town as A
municipality.
The present line between the
Mellwood and Marlboro elections dis
trlcts In Prince Georges county is
changed by measure introduced in
tne mouse yesterday by Delegate
aenry L. Morris of that county The
county supervisors of elections are
directed to notify the registered
voters of the districts of the change
and to transfer voters whose district
is changed by the bill.
The construction of an addition to
house at Upper Marlboro, Prince
Georges county, and the fioatation of
a $4,000 bond issue by the county
commissioners to pay the cost is au-
thorized by a bill passed by the
house yesterday. The bill was in
troduced by Delegate George J. Hess
of that county.
Evening star., 1924-03-20
$4,000 ROAD PROGRAM
FOR COUNTY OUTLINED
State Commission Will Furnish
Money for New Highways
in Allegany.
Special Dispatch to The Star.

Special Dispatch to The Star
CUMBERLAND, Md, March 20.-G.
Clinton Uhl, chairman of the board of
road directors for Allegany county.
presented a prospective construction
program covering the next three
years. costing, s315, 900, which he said
would be available from the state
commission. The money, according
to the program, which was adopted
by a 3-to-1 vote, Messrs. Uhl, Beall
and Lydinger voting for it and Mr.
Milholland against it, would be spent
as follows:
On Oldtown road east from the end
of the concrete, $65,000.
On proposed relocation of Little
Valley road, $4,000.
On road from Six-Mile House, on
National highway, toward Cresap-
town, $4,000.
On extension of road from Vale
Summit to Midland, $4,000.
On Williams road from end of con-
crete toward Twiggtown, $4,000.
On Murleys branch road from Flint
stone toward Cumberland, $4,000.
On McMullen highway from Cresap-
town toward Rawlings, $4,000.