davidaulloa/AmericanStories huggingface dataset:
Evening star., 1924-10-11
CHICAGO GRAIN PRICES.

CHICAGO, October 11.-Although
wheat prices showed a decline at the
opening today. the market soon
scored brisk rally. F'rosts in Ar
gentina were a bullish factor which
more than offset lower quotations at
Liverpool. The frosts were reported
in the northern districts of Argen-
tina, where the crop is at stage
which makes frost. however light.
very undesirable. After opening at
Il to IA cents lower, December, LA
to LA L, and May. 1.4S1a to 1.49L, the
market recovered to the same as yes
terday'S finish or above.
Fine weather kept corn and oats
relatively easy. Corn opening figures,
which ranged from a to 1& lower,
December, I1o$a to LIE. were fol-
lowed by a. quick upturn, but then
by another sag.
Oats started at Is to Y off, Decem-
Der SAX to 54A later the marke,
receded a little more.
Provisions averaged somewhat
higher, in line with hog values
Evening star., 1924-10-11
TERMINALS BURIED
BY WHEAT RUSH
Farmers Hasten to Sell Crop
While Prices of Grain
Are Still High.
by j. G. RoYLE.
Disnntr,h 70 The Star

Special Dispatch to The Star.
NEW YORK, October 1.-THE rush
of Western farmers to convert paper
profits into cash has overpowered the
handling facilities of some grain
centers. For the first time in history
this has necessitated an embargo
against further shipment of grain to
Duluth in order to prevent n complete
tie-up at the head of the lakes. AS
result the food of wheat has back ed
up to. the extent of 1900 carloads
between Minot. n. Oak, and the
American head of the lakes.
Duluth Buried With Grain.
The rush to Duluth has been occa-
stoned by the fact that higher prices
were offered in that market for
wheat, durum, rye. barley and fax
than at other points, and growers
have been anxious to take full ad-
vantage of that fact Figures com
piled by the Duluth Board of Trade
show that 27,00o.O0O bushels of grain
have been unloaded at the American
head of the lakes during the last Is
days, while 100000 bushels have
been loaded into steamers for trans
portation eastward. making a total
of 46,O00,000 bushels handled. This
has broken all records since the Du-
luth market was established in 1880.
Merchants Are Rejoicing.
Merchants and distributors, how
ever, are rejoicing that the farmers
are taking their profits, strengthen
ing their financial position and in
creaslng immediate buying power.
The gap between farm prices and
those for things the farmer uses is
rapidly closing. Bread grains are at
their highest points since 1921. oats
command the highest prices in four
years Hogs are up and so are high
grade cattle.
The general index of purchasing
power of farm products, taking the
1913 level as 100, has moved I'D to 30
as compared with IT five months ago,
i8 last year and 60 in 1921. Loadings
of general merchandise and miscel-
laneous freight are at record levels,
indicating d. wide distribution of
goods and sales of mail order houses
indicate plainly the farmers are buy
ing their full share Of these goods.
Get Farms by Marriage.
When Horace Greeley said go
West. young man." he probably did
not have matrimony in mind as an
opportunity, but late figures indicate
that a very considerable proportion
of the farms in the Middle West have
been acquired by marriage. In Kan
sas, Nebraska, Iowa, Illinois and
Minnesota S.4 per cent of the land
owners have secured title in that
way, while in Kentucky, Tennessee
and Texas nearly 6 per cent gained
their farms along with their wives.
For the country as whole 10 per
cent of the farm acreage was ac-
auired by purchase, 1873 by inherit
ance, 33 by marriage and "A in other
ways, principally by homesteading.
Evening star., 1924-10-11
SUES BANK ON NOTE.
uyattsville National Asked to Pay
Full Value on Marks.
Special Dispatch TO The Star.

Special dispatch TO The Star.
BALTIMORE, October II. The
First National Bank of Hyattsyille,
Nd, is the defendant in a suit to re-
cover the value of a note for 100000
German marks, according to papers
in the case filed in United States dis
trict court.
Walter Holland of Washington, a
Texan, according to the bill eof COM
plant, is the plaintiff. He asks $25,-
900 damages, of which s23,S20 he claims
as the value of the note.
Mr.. Holland charges in his COM
plant that the bank converted to it's
own use a. 30-day note for 100000
German marks, the property of Mr..
Holland, the note being made by Will
liam Breerwood, jr., of Brentwood,
Nd payable at the First National
Bank Of Hyattsyille and dated July
%.
A second count in the complaint de-
clares that on August IL Holland de-
posted the note with the Hyattsville
bank for collection, after indorsing
it, and that it was the duty of the
bank to collect on it, accepting only
United States coin at the current rate
of exchange at the time Of QAYmsnt-
Evening star., 1924-10-11
NICKEL PLATE BREAKS.
Rumored Hitch in Merger Plans
Causes Temporary Tumble.
BY STUART II. WEST.

Special Dispatch TO The Star.
NEW YORK, October lin to-
days tWo-hour Stoc'l market session
with a two-day holiday ahead, the
only point of interest was whether
or not the selling movement of the
previous day would be followed up
and whether or not the 81 ght symp-
toms of uneaSineSs over the political
outlook were to develop into genu-
inc scare. \ good deal was said in
the days comment about the presi-
Dental campaign, but it was COM
monty agreed that the uncertainty on
this account was taking the form of
keeping down buying rather than
promoting selling.
St. Paul issues Stronger.
A sharp break occurred in Nickel
Plate. followed in the late trading by
a corresponding rally. The early sell
ing was due TO vague talk about every
thing not going smoothly with recent
merger plans. ST Paul shares were
inclined to do better, the preferred
below ~ and the common under Il.
receiving the same support which had
been disclosed all along. Great North
ern preferred was heavy. comp etely
ignoring developer ents in the agricul-
tural industry. Missouri Pacific pre-
ferred and Wabash preferred A were
both somewhat weak for a time.
American Can Rebouds.
American Can ran into strong sup
port under 129 and rebounded subse-
quently. Steel common ranged be-
tween 1061a and 107. Short cover
ing appeared in General Electric.
The selling of Woolworth on the idea
that the bull campaign had been
overdone continued and the stock
broke rather sharply. The mark ct
for North American gave further
evidence of the cessation, al least
temporarily. of the recent aggressive
bull operations. Oil shares were still
disposed to sag. Phillips Petroleum
was down under 50 again and Stand
ard Oil of California under So. Sin
clair was also freely supplied around
its previous low figure.
Evening star., 1924-10-11
GRAIN AND PROVISIONS

BALTIMORE, October II Especially.
Potatoes. white, 100 pounds, 50a1 so
barrel, 75a225; sweet potatoes, barrel
150a350: yams, S.00a3.25; beans
bushel, 1.25a1.40; lima beans, bushel
1.50a2.50; beets, 100, 3.o0a5 90; broccoli
bushel, 4oa50; cabbage. 100, 2.o0a5 90;
savoy, bushel, 5oa6o; carrots. 100, 800
a5.o0; celery. crate. 1.5oa2.0o; cauli-
flower, crate, 2.0oa3.oo: corn, doz., 10
tuee. bushel, 75a2.00; onions, 100
pounds, 75a2.oo: peppers, basket. 50a
75 spinach. basket. 3oa35; pumpkins
100, 5.00a15.00: tomatoes. basket. asa
60: packing stock, bushel, Goal. 90;
turnips, basket, 5oa65.
Apples, barrel, 1.50a5.oo; bushel, Is
ais; damsons, bushel, 1.ooa1.5o
grapes, As basket. 6oa1.o0: peaches
basket, 50a1.0O: bushel 75a1.75;
800; ounces, bushel. 1.50a2.25.
Selling Prices at Noon.
Whcat-No. red Winter. spot
1.541a; No. red Winter, garlicky
1.49; No. red Winter. garlicky
LAG.
Sales-Bag lots of nearby at 1.4oa
LAP.
Corn--Cob, old yellow, $50 per bar
rel, ola Woo pSi cdiASi - oS n
corn, yellow, No. 2, 1.S0 asked.
Sales-None.
Oats-No. new. 81 y per bushel;
No. ;, 81 per bushei.
Rye-Nearby, 1.10a1.20: No. 2 rye,
spot. 1874.
Hay-Receipts, 81 tons. The supply
of hay on sale here is more than
ample for present trade wants and
prices on medium and low grades are
in the buyers favor A call is heard
for the better grades of timothy.
Quotations today: No. ! timothy,
21.OO; No. 2 timothy, l9.50a20.50; No.
3 timothy, 17.00a18.O0: No. l light
clover, mixed, 1s.50a19.00: No. l clo-
yer, mixed. 17.50a1s.00.
Straw-No. l wheat, new, 12.00a
1a.oo. No / Pat. 1a.0oa14oa.
Evening star., 1924-10-11
GOOD TRADE. NEWS
FEATURE OF WEEK
Car Loadings, Steel Orders
and Higher WooIen Prices
Are Favorable.
Rv the Associated Press.

BY the Associated Press.
NEW YORK, October ll.-Unever
price movements continued to char
actcrize this weeks stock market
from day to day fuctuation ruled
narrow and irregular. Another pol
itical scare" Friday afternoon
brought about rather sharp re-
action in some of the popular issues
indicating the markets nervousness
over election uncertainties. Trading
was in reduced volume, the Jewish
religious holidays, the approaching
holiday on Monday and the incon-
elusive nature of the trend of busi-
ness in many lines all having a re-
straining effect on market operations
Trade News Bullish.
Bullish trade news. however. was
not lacking. 1t included publication
of a record breaking car-loading stat
istcs for the week ending September
27. an increase of 1S4.203 tons in the
untitled orders of the United States
Steel Corporation, another advance ir
woolens and a report of further i'm.
provement in the oil industry.
Coppers stiffened in reflection Of
high silver prices and the signing OF
the agreement for the German loan
which is expected to stimulate the
purchase of raw materials in this
country. Steel shares failed to respond
to suggestions of mergers as re-
suit of the abolition of the pitts
burgh plus price plan. or the slight
improvement in business reported b!
the weekly trade reviews.
Motor Stocks Uneven.
Public utilities and affiliated issues
showed wide fluctuations, most o1
them losing ground. Mixed change:
took place in the motors. establish
rnent of new highs by Jordan, Genera
Motors per cent preferred, Maxwell
3, and Packard preferred being offse'
by new lows touched by Chandler anc
General Motors common. Politica
disturbances in Cuba and disappoint
ment over the earnings of some o
the producing companies was blamed
for the selling of some of the sugar
shares. Tobaccos were firm.
Evening star., 1924-10-11
DISTRICT BANKS
REPORT BIG GAINS
Deposits of Accessible Insti-
tutions Show sii3,OOO,-
600 Excess.
BY CHAs. r. sHAEFFER

The controller of the currency to-
day issued a call for condition OF all
national banks and every bank in
the District of Columbia for state
ment OF condition as of the close Of
business yesterday, October 10
The call finds local banks in the
best condition they have enjoyed
when called to report in many years.
Undoubtedly new high record in de-
posts viii be established with the
current call. the accessible banks this
morning reporting gains well in OK
cess of $4,000, 900 compared with the
last call, which was issued as OF the
close of business June 30 last.
A partial list OF bank deposits, wit h
resultant gains follows.
Evening star., 1924-10-11
COTTON FUTURES
GO LOWER TODAY
Further Selling Due to Good
Weather-Easy Liver
pool Cables.
Rr the A ssociafed Press.

BY fhe Associate ed Press.
NEW YORK. October 1l.-A renew :
al of the decline in the cotton market
marked the opening today, promoted
by a more favorable weather map
than expected and easy Liverpool ca
bleS.
First prices were IA to IS points
lower. Active months soon showed
net losses of 19 to % points. prices
making new low ground for the pres
ent movement, with December selling
at 23.45. Trade buying was reported
on a scale down. but there was con-
siderable hedge selling by the South
and liquidation of recent purchases.
The weather map showed no signs of
predicted showers in the South which
disappointed some of yesterdays buy
Evening star., 1924-10-11
FINANCIAL NOTES.

NEW YORK. October 11.-Mont-
gomery, Ward G. Co., declared a
dividend of $3.50 on the Glass A stock
accumulations, payable November 6
to stock of record October 25.
Operating income of the Western
Union Telegraph Company for the
eight months of 1924. declined to
S10.Ss7,126 from $11,666,269 in the
corresponding period of 1923. Gross
of s73,209,606 compared with 1851
SCI a year ago. August operating
income of s1.525.164 was about $751;
600 Less than in August last xeaz.
Evening star., 1924-10-11
BANKS NEW HOME
TO OPEN TUESDAY
American Security Has Fine
Branch at Seventh and E
Streets Southwest.

The new Southwest branch of the
American Security & Trust Co. Will
be opened for inspection on Tuesday
from 10 am. to pm. and will COM
mence business the following day.
This branch is now functioning sue
cessfully, but the present building,
erected by the Home Savings Bank
over Is years ago, at 437 Seventh
street southwest has become inadequate
for its needs. hence the new and
thoroughly modern structure which
has been erected at Seventh and +
streets southwest.
In a way, the opening of the branch
in the new building will mark the
! twentyffth anniversary of the found
| ing of the Home Savings Bank. In
1899, one of the most successful
banking ventures ever inaugurated in
| the National Capital.
Banks United in 1919.
BY an agreement concluded in 1919
the Home Savings Bank and the
! American Security & Trust Co. were
consolidated, the latter taking over
the former, with its main office and
| all branches.
| Deposits of the Southwest branch
have increased rapidly, and today its
| resources are given at $1,Soo,o00.
The new home of the branch is con
structed of Indiana limestone, on
| light gray granite base. 1t has
frontage of 5S feet on Seventh street
and a depth of 90 feet on E street.
and is one-story structure, with a
lofty ceiling, giving the banking
room most impressive appearance.
The floors are tiled in Italian Taver-
| tine, while the base and walls are
faced with the same cream colored
stone.
New Departments Added.
| added to the branch, safety deposit
boxes and a department for ladies, a
large room to the left of the main en-
trance having been set aside to ac-
commodate the large clientele of women
| depositors.
In this connection it is well to men
| ton the fact that the American Sc
| curity & Trust Co. was the first local
| financial institution to recognize the
| necessity of catering to women and
| in opening a special department for
| their accommodation.
| The basement of the new branch
building will provide file. stationery.
| multigraph printing and lunch rooms
| and also space for the preservation OF
| old records.
| Designed by Appleton Clark, jr.,
| anu cTeCteu ny fdTSOnS a. ny man, INs
American Security & Trust Co. has
| given to Southwest Washington a
bank building in which the people
will have pride.
! American Security Is Years Old.
| In October next the American Sc
| curity & Trust Co. will complete the
| thirty fifth year of its existence, ac-
cumulating an enviable business rec
ord, and in addition deposits of over
| $25,500,500 capital, and surplus and
| undivided profits of $4,000, 900.
| It's officers and directors are repre-
sentative men of the city, and the
advisory committees of the branches
| are composed of business men of the
sections in which they are located.
Evening star., 1924-10-11
CLOTH PRICES STEADY.

NEW YORK, October 1.-THE cot
ton goods closed the week today
quietly and at unchanged price levels.
Print cloth quotations remained at
sA for 81 by so and 90 for IS by 72.
The raw silk market was rather
active ana japanese silks rose 10
cents pound throughout the list
CaatouS Vere uQcbapSed>
Evening star., 1924-10-11
RETAIL SALES GROW.

NEW YORK, October 11.-Septem-
Der sales Of the w. r. Grant Co.
amounted to $1,6s7.s75. an increase of
1861 per cent over September last
year. Sales OF $14,94o,917 for the nine
months were 1861 per cent higher
than in the same period of 1923.
G.. r Kinney Co. also reported sales
Of $11,10S,767 for the nine months, an
increase Of 1853 per cent.
Evening star., 1924-10-11
NEW. YORK DAIRY PRICES.

NEW YORK, October 11.-Butter,
firm; receipts. 1852 tubs. Eggs,
steady; receipts. 11,00S cases. Near
western hennery whites, firsts to
extras, 71a73; nearby and nearby
western hennery whites. f1rts to
average extras 54a70; nearby hennery
browns, extras, 56a65; Pacific Coast
whites, extras, s7a69; do firsts to
extra firsts, 54as6. Cheese, steady;
receipts, 155,761 pounds.
Evening star., 1924-10-11
DOWNWARD TREND
IN STOCK MARKET
Today's Selling Not Quite as
Urgent as Orders Given
Yesterday.
ry the Associated Press.

NEW YORK, October 1l.-Stock
.,rices continued to point downward
today. While losses of a point or
'2ore were quite numerous, selling or
G"rs did not appear to be as ursenf
- those in yesterdays session. Mer-
rhandising, public utility, metal and
agar issues bore the brunt OF the
ling, which originated largely with
professional traders. Railroad shares
""re sluggish, Nickel Plate" falling
- points, General Electric was well
Imported moving up more than )
points and bringing about rallying
: -ndencieS in other quarters in the
late dealings. The closing was heavy.
Gales approximated 100000 shares.
Evening star., 1924-10-11
LOFT EARNINGS GROW.

NEW YORK, October. 11.-Sales of
Lott, Inc, in the nine months of
1924 increased to s5,259,371 from So
993,349 a year ago. September sales
of sl.62s,7SO were about 100000 less
than September, 1928.
Evening star., 1924-10-11
COAL STOCKS LOWER.
Bituminous Supply 100000 Ton
Under September, 1928.

Commercial stocks of soft coal on
September !, 1924. totaled 100000
net tons, a decrease of 100000 tons
from stocks on June l and 15,O00,000
tons from the record of January. 1928,
according to Il survey made by the
Department of Commerce and the
Geological Survey. The course of
stocks has been steadily downward
since the early week of the year,
with stocks on September 1 this year
100000 tons less than on the same
date year ago.
Although bituminous stocks were
lower, retail dealers stocks of an
thracite were IL per cent larger on
September j. 1924, than they were on
the same date of 1928, and were but
2 per cent less than on November l,
1921, two months later in the season.
road the want
Evening star., 1924-10-11

spot cotton STEADY. 40 points DOWN.
Sales on the spot. 100; to arrive. 500;
low middling, 21.20: middling, 1920;
good middling, 12.70; receipts, 9,014
bales; stock, 174,076 bales.
Evening star., 1924-10-11
Markets at a Glance

NEW YORk-Stocks heavy; Con
cral Electric strongly supported
Bonds firm: St. Pauls again rally.
Foreign exchange irregular; sterling
holds steady. Cotton lower; spot
houses selling Sugar featurelesS.
Coffee firmer; firm Brazil cables.
Evening star., 1924-10-11

These figures are, in a few cases,
approximations. with the column be
Eond the decimal point being omitted
entirely.
AS pointed out in this column two
days ago. the sum total is greatly aug
mented by Christmas Savings Clubs,
now almost at their peak. while the
prevailing low money rates in New
York markets and other money CEN
ters has resulted in abnormal deposits
being carried with local correspond
ents at the . per cent rate.
TIL Washington Loan and Trust
Company submits a total of $11,618.-
o67 in deposits
Decrease in Failures
small decrease in commercial fail
ures in the United States this week
IS reported by L. q. Dun and Com
pany, the total of $40 being twelve
less than the week before. Reductions
in the East and West Offset increases
in the South and on the Pacific coast.
Evening star., 1924-10-11

Upenlhs: Uctoher, a 30; Hecember, go, ,
January. u. 90: March, 23. So: May. 24.10.
New Orleans Quotations.
NEW ORLEANS, October 11.-Cot-
ton futures opened steady; October.
1926: December. 1886: January, 2S.44;
March, 23.6S; May, 1854.
Cotton futures closed barely steady
Evening star., 1924-10-11
LIVE POULTRY HIGHER.

alive, higher; fowls, 17a24la springs,
a.: roosters. I6: turkeys. 2a,
Evening star., 1924-10-11
Liberty Loans Steady.

Steadiness characterized the invest
mcnt list. The Treasury AIS held
around the record high. Liberty
loans were little changed. The high
grade railroad mortgage bonds were
all firm.
Speculative rails today were mostly
a little lower. st. Paul bonds, how
ever, in which Il new selling move
ment appeared yesterday were fairly
well supported. ON the week all these
st. Paul junior liens are down with a
loss of more than points in the Is
of 1925. st. Louis San Francisco is
sues were off fTaCtionaily today, al
though on the week all the bonds Of
this road have been speculative ia
yoritcs.
New financing this week aggregated
more than $1,000 GOO. In nearly
every case offerings were rapidly alb
sorbed. Dealers agree that the mar
ket was in good shape for the Ger
man loan on Tue sday.
1t was learned today that a new
S12.50o,000 issue of Detroit Edison
general and refunding is will be Of
fered in the near future.
Evening star., 1924-10-11
Moves Hard to EXPLAIN.

For the selling in the French bonds
there is also the excuse of the weak
ness in franc exchange and the con-
dition of French finances. Exchange
fluctuations may also have had some
thing to. do with the selling of Japa-
nes> bonds. The hieh-grade foreign
investment issues, such as United
Kingdom ) l2S of 1887, held firm.
In domestic Industrial bonds there
was more active trading in the Warner
Sugar issues, with some recovery from
Fridays close. The statement by the
company was to the effect that opera
tions for 1924 would show loss, but
that banking credit sufficient for the
company's requirement had been pro-
vided. Bonds of Cuban Sugar produc-
ing companies did not give way, but
on the other hand they did not rally.
Nearly all these issues show losses
on the week in sympathy with the de-
cline in sugar stocks. Eastern Cuba
Sugar 7l&s at l0i y today were with
in / ss points of the low of the year
against a high last January of Ill.
Punta Allegro Is at 107i2 were like
wise within i Il points of the low
of the year against high in March
of 1922. Both of these bonds carry
stock conversion nriyilegGS
Evening star., 1924-10-11
MARKETS READY
FOR GERMAN LOAN
Trading Today Largely in
Foreign Group-Sugar
Issues Active.
by GEORGE T.. HUGHES.

Special Dispatch TO The Star.
NEW YORK. October lin to-
days bond market there was more
selling of foreign issues. apparently
in preparation for q switch into the
new German loan. The trading,
however, of this description was not
AS heavy as on Friday and prices for
such European issues as the French
712s and SIS and the Austrian rs did
not yield SO readily. On the week all
these bonds show substantial losses
In particular. the Austrian IS are
down more than 2 points. The fact
that the German bonds also carry a
per cent coupon and will be offered
at 80 makes them look more attrac-
tive than Austrian SIS at 90. 1t seems
to have been forgotten that the Aus
trian issue is guaranteed by the other
European governments