davidaulloa/AmericanStories huggingface dataset:
Evening star., 1924-04-06
Local Bankers and Realtors
Deny Existence of Combine
Resent Charge of Objectionable Prac-
tices applied Observation-Disclosures
for Essay Contest-Notes on Finance.

The local banking and real estate
leaders are expressing considerable
indignation in no uncertain tones at
the embracing tenor of the recent
charges that an alleged banking and
real estate combine" here is guilty
OF practices not consistent with
sound business operations. At the
same time these bankers and realtors
are urging an early expose of the
guilty parties or firms. if any. and
this, it is contended would wholly
Nindicate the innocent, who, at the
moment. are targets of much unjust
criticism.
Frankly admitting that there is
little doubt of the existence of such
a ring" which has tended to keep
certain rents at exorbitant levels.
prominent real estate firms and
bankers emphasize that those guilty
of corrupt practice. constitute the
so-called speculative real estate op-
orators"
An Instance Cited.
Their mode Of function is similar
to a transaction which occurred here
about three Years ago which is cited
here:
An apartment house in a favorable
residential section of the city. which
was valued at approximately 100000.
was put on the market for approxi-
mately two-fifths in excess of its
worth. People having this property
for sale, in a due course of time. re-
allied approximately the asked price
for the property. but were amazed
when, almost simultaneously, first,
second and third trusts approximating
$3.50 900, or about two and one-half
times the value of the property, were
placed on the apartment. The second
trust, representing very little actual
value, was disposed of in the rural
districts, mainly among small coun-
try banks, at huge discount which,
nevertheless, realized for the seller
handsome profit. while like pro-
cedure was followed with the third
trust.
1t is common knowledge that the
huge majority of bankers and real
estate operators would welcome an
investigation which would expose
and rout unscrupulous firms, and this
majority, it is safe to say, would
render every assistance in bringing
matters to an early head.
Bankers Plan Essay Contest.
The annual District Bankers AS
soclation essay contest. open to mem
hers of Washington chapter, Ameri-
can Institute Of Banking, who are
employees in banks that are members
Of the association, will be held as
Evening star., 1924-04-06
DEMAND lessons
FOR FINISHED STEEL
Tendency to Reduce Output Is
Noted-Review of Metal
:,
Markets.
By the Associated Pnss.


NEW YORK, April 5.-The demand
for finished steel is slowly but
steadily falling off. and. as leading
producers are rapidly catching up in
their orders, there is a tendency to
reduce the output to conform with
prevailing conditions Prices are
irregular and there is a tendency to
make concessions on some lines I'm
order to attract new buying. Cur
rent business is fair in some direc-
tions. Pig iron is very inactive and
the undertone is easy, with buyers
inclined to await lower figures.
Copper has been steadier. Demand
has not broadened materially, but
offerings from second hands have
been smaller and producers are not
pressing for business. The improved
tone has been encouraged by the
rallies in London, although no export
inquiry of consequence has devel-
oped 1t is expected that statistics
for March will make a bullish show
ing. preliminary estimates placing the
total deliveries into exports and home
at 100000 in excess
of estimated production.
Tin is unsettled, but higher.
Prompt straits are scarce and some
consumers are not covered against
their future requirements, although
they are not buying at the moment
Lead is easier, but concessions fail to
demand, as consumers are
well supplied against nearby require
ments.
Anthony is easier. due TO increas-
ed offerings from China and light
demand.
Zine is firm on firmness abroad and
light offerings, although business is
light.
Evening star., 1924-04-06

usual this year. the subject TO be dis
cussed being Service Versus Serv-
ice"
In clarifying the theme to be dis
cussed, it is pointed out that service
ia given without compensation, like
wise sold for compensation. The
same service that is sometimes sold
for compensation is also given at
times without compensation. One
idea to be developed is whether
banking service freely given in
volume without compensation Is
must be compensated for. Service is
sold to the banks by statistical or
ganiZations, and is also given away
with an enormous amount or time IN
volved Another thought can be ac-
centuated by contrasting free serv-
ice with paid-for service rendered by
the professional mantle merchant
manufacturer and the personal SER
want.
Three Prize Awards.
Three papers will be selected as
prize papers, and the successful con-
testants will be sent by their respect
i've insttgtiSns nte.rinf to iee sanSrs as-
soeiation to be held at White sulphur
Springs in June.
The contest will close May l, and
the papers must be in the possession
of Harry V. Haynes, presluent OF the
association. by May 3, in sealed en-
velopes without the name or any
indication thereon OF the WTiter'
pinned to each envelope, however,
should be another in which the card
of the writer may be found.
Winners win be announced on
May II.
.Bid" and asked" Prices,
The following latest IBID" and
"asked" prices for unlisted securities
are quoted for the guidance OF mold
ers of these issues;
RNNDS.
Evening star., 1924-04-06
SUGAR RECORDS ADVANCES,

NEW YORK, April 5.-Further ad-
vances were recorded in the local raw
sugar market today with Cubans
quoted at S,s5 duty paid. Sales were
23.7oo bags of Cubans and 1900 Porto
Ricans for second half April ship
ment to a local reaner
Raw sugar futures were firmer, re-
1ecting the advance in the spot mar
ket. Prices advanced 8 to 12 points en-
covering and commission house buy
ing, but met increased liquidation at
these levels and partial reactions fol-
lowed, leaving final prices to 10
points net higher. May closed 4 81;
July, 5.12; September, sos; December,
457.
Refined sugar was unchanged at
S.28 to sac for fine granulated With q
good inquiry reported at the inside
figure. Refined futures were nominal.
Evening star., 1924-04-06
DRILLING IN SECRET
BY GERMANS FEARED
French Bring Practice to Attention
Of High Commission for
Repressive Action.
BY ths Associated Press.

BY ths Associated Press.
cOBLENZ, Germany, April g.
Measures designed to thwart the ac-
tvities Of the German secret nation
aligt and militarist organizations
which, with their headquarters in un-
occupied Germany, are reported more
and mere rnsnaGipg in their activities
In the Rhineland and the Ruhr. have
been brought before the Rhineland
high commission by its president, NJ
Tirard Of France. 80
The measures were worked out by
President Tirard in association with
Gen. Degoutte. the French COM
mander. The activities of the orEsni-
cations are declared to include q sys-
tenn of giving secret military training
to young Germans and the issuance
of death threats to q number of func-
tienaries for interfering with the ma
tionalists' plans.
The proposed measures include sysr
tematic surveillance of all the officers
of the Reichswehr, both on the active
and reserve lists, and the close inspec-
tion of all schools.
Evening star., 1924-04-06
BALTIMORE PRODUCE.

BALTIMORE, Md, April (Spe-
ciaD While receipts OF native and
nearby eggs have been light the past
week the demand generally has also
been light, but prices held steady at
81 cents a dozen for strictly fresh
firSts. Market appears to have reach-
ed it's lowest level, as with warm
weather cold storage operators are
taking hold more freely, which gives
the market a firmer tone. Duck eggs
continue in good demand under light
receipts and clean up daily at 20
dozen. Shippers are advised that the
best prices will prevail until next
Saturday, when the market is ex-
peoted to go decidedly lower.
The general live poultry market
rules steady to firm on most lines,
bnt shipments OF turkeys, except in
small lots, are not advisab BILE, as the
demand Is fast thinning out. Spring
chickens, l to IL. pounds each, are
scarce and wanted at 90 and 60 a
pound, while winters . pounds and
under also continue in good demand
at 45 and so. Large, smooth young
chickens are active at 35 and leg
horns 80, but rough stays or thin
fowls will not bring over 25.s Due to
approach of Jewish holidays, old
hens are in better demand and values
rule a shade higher at 81 and % for
medium to large and "a to 26 for
small and Leghorns Old roesters
also showing more activity and
higher at II. Choice fat ducks are in
good demand at 80 to 81, with Pekins
bringing top prices and % for small
and poor stock. Pigeons and guinea
fowl are steady at As and so a pair
for the former and 40 to so each for
young and 80 for old of the latter.
Active season for dressed poultry
is about over, and, with the exception
of capons. values are mostly nominal.
depending entirely on quality, and
rev bringing any premium over live
stock. Large caponS, Z pounds apd
over, scarce at 42 and az; medium,
80 to 80, and even small slips sell
readily at 35 and s6.
The white potato market continues
easy under ample receipts, especially
or MARYLAND and Virginia McCormicks
and reds, which will not bring top
quotations of i;5o to 1;75 per 1oO
pounds, with No. 2 and ungraded
stock selling mostly half price. While
the market for sweets and yamS is
steady, demand is light generally and
receipts are ample for trade wants
and $50 to SEQ for the latter No. 3
stock of both sells mostly 2.56 and
SEQ. Bushel baskets of both sweets
and yams are moving better than
barrel stock at 1-0e to 800 as TO
quality and condition. With receipts
of early southern vegetables increas-
ing. demand for native and nearby
garden truck is easing off, with
prices mostly in buyers favor at the
following quotations:
. Carrots, 4.0e to 500 hundred; horse
radish, $50 to 400 bushel; onions
Ice to $50 per 100 pounds, oyster
plants, SEQ to 500 hundred; parsnips
so and 20 basket; kaie, IS and So
bushel; spinach, 400 and 500 barrel,
and turnips. 40 and so bushel..
dam2
now, and unless best of quality soft
varieties of native eating apples and
nearby stock Is overlooked for north
ern and western brands.
Evening star., 1924-04-06
OIL SHARES Jump
IN STOCK MARKET
--------------- - /?
Shares With Rails Dominance
of Trading on New York
~
Exchange.
BY STUART p. WEST.

Special Dispatch to The star ''
NEW YORK, April 5.-ol shares
and certain of the rails dominated
the stock market today,
Gossip persisted that after the oil
inquiry had reached the stage where
it no longer attracted keen public
interest oil prices would be marked
up again. Despite conflicting esti-
mates regarding the present relation
of demand and supply. Wall street
is inclined to accept the statement
made while ago by the president
of the Standard Oil of New Jersey,
that an equation would be reached
by the first of April instead of by the
first of June as was calculated last
autumn. =
The entire American oil group
reached the best prices since the cul-
mination of the midwinter rise. This
was the main feature of the two
hour day.
Rail shares show Activity. ..
The second was the active buying
in a few of the rails, particularly
Norfolk and Western among the diyi-
dend payers, and Missouri Pacific pre-
ferred among the non-dividend pay
ers. The financial community has ali
OF luedS OF W0dL the terms
of the Pennsylvania Norfolk and West
ern lease will be, but these are all
guesses. In the case of Missouri Pa
ciic il has been repeatedly pointed
out that when maintenance appropri-
ations get down to anything like nor-
NAL the road will begin TO show a
surplus ample to commence dividend
payments.
The upward movement in the select
ed sellers was not hampered by the
clear-cut statement in Rradstreet's S
Mercantile Review that the general
volume was running behind both Feb
ruary this year and March y year
ago, while the recession in COM
modify prices has continued" But IL
was noticeable that outside Of these
two or three groups. which were in
a specially favorable position, no at
tempt was made to extend operations
for the rise.
Outside of the security markets
the most important happening was a
rise over 3 cents in the pound in
sterling exchange. bringing rates 10
the highest in two months. Normally =
this is the season of heavy imports,
when the exchanges run in favor of
Great Britain and against the United
States.
International Paper Jumps.
International Paper had a sharp ad-
vance in anticipation OF the 1898
earnings report, due next week 1t has
been estimated that the company will
show a balance on the common up
wards of $40 share. The balance
sheet also is expected to disclose q
better financial position than InaRy
have looked for. Late in 1923 /, was
calculated that instead OF u defi"it
International Paper would show at
least So a share on the common for
the years operations. Since, however,
the estimate has been, raised.
The street today was still awaiting
the announcement of another advance
in California crude oil prices and IT
was said that when this came II
would be a good sized increase. Such
stocks as PaC.ic Oil and Standard Oil
of California were favorably inf1u-
eneed. At the same time 1t was pre-
dicted that following any upturn in
California crude higher prices for
mid continent oils would be establish
ed
Evening star., 1924-04-06
WATCHING AUTO TRADE.
Baltimore Bankers Interested in
Development of Industry.

BALTIMORE, April Especially -
Bankers here made no secret of the
fact that they are watching the an
tomobile situation with more than
ordinary interest They realize that
there has been a lull in buying, caused
partly by the backward spring
weather, and are anxiously waiting
to see whether the slump is only sea-
s0nal or indicates that the much
talk saturation point is a last
threatening.
There is always a large amount of
credit tied up both in the manufacture
ing and selling ends, and il is to be To
the interest of the banks TO prevent
any freezing" of loans that caused
so much trouble three years ago.
The schedule of car makers early
in the year called for an increase in
production over 1923 of approximately
3b per cent. Unless a new buying
movement starts soon it is realized
that this figure may have to be re-
vised downward.
Evening star., 1924-04-06
FIRM HELD BANKRUPT.
Toronto Company, Associate of
N. Y. Exchange, Under Custodian

TORONTO, April 5.-The firm of
J. G. Beatty g. Co., which has been
engaged in the stock brokerage busi-
ness here for many years as an asso-
ciate membsr Of the New York Stock
Trade. was adjudged bank krupt today
on the petition of W. D. Thomas, who
said the firm owes him $4,000. A
custodian was appointed by the court
The head Of the, bankrupt firm re-
Gently returned frem q trip ta Eng
land, and said in interviews that he
had been intrusted with $4,000, 900
OF British capital for investment in
Canadian enterprises.
Evening star., 1924-04-06
NEW YORK DAIRY MARKET.

NEW YORK, April 5.-Butter-Un-
settled Receipts 12,01S tubs. Cream
hsry, higher than extras, 4011 AL; do,
extras (92 score). 40; do, firstSs (SS
60 81 score), 3SA a391a. ....
Eggs-Fir1n. Receipts 26,72s cases;
fresh gathered, extra frsts. regular
Jsasked, 25a26; do, storage. packed,
2sk a27; freah gathered, hrsts. regu-
hacked, 25Ea26: fresh . gathered,
seconds and poorer, 2Sa23$4; state,
nearby and nearby western hennery
whites, firstS to extras, 27a33; nearby
Iennery browns, extras 2S 4 AL;
Pacifc coast whites, hrsts to extra
1irst5, 29aS2.
Cheese-We Receipts, 57,&S9
sboxes.
Evening star., 1924-04-06
RAMMED BY u. S. SHIP.
BY the Associated Press.

BY the Associated Press.
ANTWERP. April S.-The Ameri-
can steamer West Inskip, 5,500-ton
freighter, from Baltimore and Nor
folk, March 20, for Rotterdam and
Antwerp. collided in the river Sche1dt
today with the Belgian steamer Sierra
GFande of 2,291 tons gross, the Bell
gina vessel being SO badly damaged
that she sank in the channel. Her
crew was saved.
The damage to the American vessel
had not been reported up to this
noon
Evening star., 1924-04-06
NEW YORK LIVE STOCK.

NEW YORK. April 5.-Cattle-
Steady to firm; receipts, 40 head.
Steers, 6.8oa11 LOO; state bulls, 3.o0a
SIS; cows, 1.75a5.00.
Caives-Steady; receipts, $40 head
Veals, 140ea14.58; culls and little
calves, 4.50a5.50; butter miiks, 4.o0a
500.
Sheep and lambs-Steady; receipts,
2,840 head. Sheep, 4.5oa7.e5; culls,
3. 3.5ea4.50; lambs, 9,6Gal7.25; culis,
S06a11e0.
Hogs-Firm: receipts, 610 head.
Light to medium weights, S.10aS.30;
pigs, 7.65a7.75: heavy hogs, 7.5oa7.S0; /;
roughS, 6.b0a7.25.
Evening star., 1924-04-06
RUSSIAN WAR STAFF
CHANGED THROUGHOUT
Trotsky, on Return From Illness,
to Find Frunze as Chief In
stead of Lebedief.
By the Associat tied Press.

BY The Assoc Ted Prtss.
MOSCOW, April 5.-War Minister
Trotsky, who is reported recovered
from his recent illness, and Is expect
ed to return to his duties on April is,
will find the war Office STAFF entirely
changed. .
BY decree of the council of commits
sars, the assistant war minister, Gen.
Frunze, has been made chief OF the
general staff in place of Gen. Lebe-
def; Gen. Sergius Kamenef, who
was commander-in-chie of the red
army, becomes army inspector, and III.
unscklieht, former acting chairman
of the political police, chief OF army
supplies.
Evening star., 1924-04-06
PRINCE WILLIAM SEEKS
ALBANIAN THRONE AGAIN
Former Ruler, in Naples, Sends
Envoy to Sound Out Nation.
Assembly for Republic.
Bv the Associa ted Press.

Py the Associs ted Press.
NAPLES, April 5.-Prince William of
wied, former ruler of Albania, who
is visiting Naples, has sent an ennis
sary to Albania to ascertain the pos
sibility of his return to Albania. The
prince claims that he never TenoUnced
his rights to the throne.
Attempts previously made by the
prince to return to the Albanian
throne have been unsuccessful. A ma
jority of the members of the Alban-
ian constituent assembly are un-
doubtedly of republican tendencies.
Evening star., 1924-04-06
TWO KILLED IN STRIKE.
Mining Wage Dispute ProVokes
Clashes in Poland.
By tine Associs ted Press.

By tine Associated Press, ~
WARSAW. April 5.-Reductions in
wages and the question of the forty
six-hour week have caused strikes.
accompanied in some places by vio.-
lence. in the mining regions of.siles;a
and at Dabrowa.
A sanguinary clash betWeen the pa-
lice and a mob is reported from the
latter place with two persons dead and
thirty-three wounded, nineteen OF the
latter being policemen.
A government commission has been
sent to restore order.
Evening star., 1924-04-06

An American GIRL. Jean ToIley,
while swimming in Nassau harbor
in the Bahama Islands, discovered
q, Spanish treasure chest. which -is
t~iieved TO hayesnbeea there since
Evening star., 1924-04-06
CHICAGO LIVE STOCK MARKET.

CHICAGO April 5. (U. S. Depart
ment of ACKNOWLEDGEMENTS
ceipts, 5000 head; strong to 10 higher.
Quality considered; bulk desirable
i6o to 325 pound weight. .45a7. 50; !;
top, $50; better grades 140 to ISo
pound averages, largely d;l5a7.4o;
to choice strong weight killing pigs.
mostly 6.25a6.75; estimated holdeyer,
5000; heavyweight hogs, 7.s5a7.6Q;
medium, 7.40a7.6o; light, 7:25a7.6o;
light light, 6.25a7.50; packing soWs
light light 6.25a7.50; packing sews,
rough, 6.50a6.S5; slaughter pigs, 500
a6.75.
Cattle-Receipts,. 500 head; COM
pared week ago beef steers and
yearlings, Is to % higher; spots, more
on weighty steers; extreme top ma
tured steers, 1895; best yearlings,
1900; fat she stock. 25 to SO higher;
Gamers and cutters firm; bulls, 40 to
so higher: vealers, uneven; good and
mon and medium lightweight, weak
to 25 lower; stockers and feeders
slow; steady: weeks bulk prices fol-
low: Beef steers ana yearlings, S.25
a10.58; few she stock, 5.58aS.0o; can
ners and cutters, 2.s5a3.s5; veal
calves. s.0oa1o.5o; stockers and feed
ers, 6.25a7.75. sar
Sheep-Receipts, 5000 head. re-
ceipts practically all direct market
steady; few native wooled lambs,
1890; wooled ewes. 8-6ea12.09s clipped
ewes, 500 a10,50; for week fat lambs,
mostly 10 to IS higher; top, 1855;
sheep, generally IS to so higher;
prices follow: Fat wooled lambs,
16.00a16.75; clipped lambs, 400 a1450;
wooled ewes, S.50a11.75; feeding and
shearing lambs, 15.25a15.6e.
Evening star., 1924-04-06

Miss. Rose Rothenberg, who for the
past FIVE years has been assistant
district attorney in New York city,
has Just been admitted to prae&ios
before the Unfted States Supr elne
Court.
Evening star., 1924-04-06
Wusrttemberg Cabinet Quits.

BERLIN, April 5.-The Wuerttemberg
cabinet has resigned after rejection
by the fandtag or q bill dealing with
the reduction OF official STATS.
Evening star., 1924-04-06
LIVE STOCK MARKETS.

BALTIMORE, Md, April tspe-
ciaD.-The general live cattle market
rules steady to firm. especially on
top-grade beef cattle, which is light
in daily. receipts, most arrivals oeing
of common to ordinary stock. spring
lambs, scarce and wanted at full val
ues. Stockyard quotations sngntiy
higher than the following prices at
Light street wharf today:
Beef cattle, first quality, pound: .
TO .; medium, pound, to Z. Bulls
as to quality, pound. to 8. Cows.
choice to fancy, pound, 4E to- - !;
common to fair, pound. to 4. Oxen
as to quality. pound, Az to on
Mich cows, choice to fancy, mead
5000 to 1900; common to fair, head
5000 TO 5000. Calves, veal, choice,
pound, IL; ordiaAry to medium, TO
10: rough heavy common, pound, Z
to 8. Sheep, choice, pound. to 8;
old bucks, 5 to a pound. common
pound. 8 to 4. Lambs, fall, choice.
bound. Is to 16.; fair to good, pound
IL to IA; common, thin, pound, TO
10; spring, as to size and quaiity,
pound, Is TO q.
Hogs, straight, pound, z to 3; sows'
to 6; stays and boars, pound, to
4: live pigs, as to size and quality,
pound, 10 to 12; shoats, to 3.
Evening star., 1924-04-06
Money to Loan

Secured by first deed of trust on real estata
Prevailing interest and commission
Bldg. 9th NV.
Smyrna times., 1924-12-17
WHOLE NO. 1864
BIG REVIVAL AT SEAFORD
About 225 Persons Converted During
Three Weeks of Special Service I'm
der Rev. G.. w COOk EvanC nCeIiSt

About 225 Persons Converted During
Three Weeks of Special Service I'm
der Rev. G. w. Cook, Evangelist
One of the most successful revival
meetings ever held on the Delmarvia
peninsula came to a close Sunday
night, in st. Johns NJ. f. Church at
SeafOrd. The meetings had been in
progress since November &c, and for
the past two weeks the church, which
can accommodate nearly 1000 people,
had been crowded nightly and Sunday
mornings and afternoons. The SER
vices were in charge of the Rev.
George w. Cooke, of CASTLE, n. Y,
an evangelist who conducted big re-
vival in Smyrna last year. DR.. Cooke
was assisted at SeafOrd by his song
leader, Harold Vigneulle, Of Cleveland
Ohio, the different ministers of the
town, and speakers from Baltimore
and New York. The crowds attend
ing the meetings cme from all over
the peninsula, 21 different towns and
cities being represented at one time
in the church. AS a result of the
Seaford revival about 225 persons
were converted. About fifty of these
were converted Sunday night, the SER
vices lasting until nearly midnight.
In the converts were many from other
towns and communities, and many of
the churches all over the peninsula of
all denominations are being benefited
by the revivals, which will continue
at other towns. On Sunday, December
%, Mr.. Cooke and Mr.. Vigneulle will
open union revival at Laurel. From
Laurel the two evangelists will 90 to
Cambridge, Md, for a series of meet
ings. Mr.. Cooke was presented the
contributions of the last day and
night of the revival at Seaford,
amounting to about $500. At Delmar
he was also presented with closing
day and night contributions amount
ing to $500.