davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
|. c. c. APPROVES
$2Q,0)Q,01O LINE
Illinois CentraPs Plea Is Re-
affirmed-Heavy New
Financing Asked.

The Illinois Central railroads appli-
cation for authority to build a cutoff
line of new railroad from Edgewood.
ILL.,, to Fulton, Ky, a distance of 100
miles. was again approved today by
! the Interstate Commerce Commission.
! In former proceedings the commits
. sion, over the protest of Illinois state
and cities IN the same state, declared
| the railroad should be allowed to pro-
, coed with the construction, which will
cost in the neighborhood OF 10000, 900.
The case was reopened, however. to
allow the municipalities and the state
| to introduce new evidence, but today's
order reaffirmed the grant of permits
sion to the corporation to proceed.
Line to Oil Fields Approved.
The commission also approved the
j Union Pacific railroads application to
| extend its Fort Collins branch in
| Colorado from Fort Collins, a distance
of eighteen miles through Larimer
county. The new branch will serve
agricultural territory as well as an
| oil field now under development
| New Financing Requested.
! The Coal River and Eastern Rail
way Company sought permission TO-
day to issue 100000 in first mort
gage bonds and S1,000,000 of capital
stock.
J All of the bonds and a Quarter of
the stock issue would be turned over
to the Coal River Galleries for the
West Virginia railroad line, which
! the railroad corporation would re
ceive from the coal company. The
balance of funds from the stock issue
would be used in additions and bet
terments to the road.
; The Brotherhood Investment Com
spany, a corporation associated with
the Brotherhood of Railroad Engi-
neers, was named in the application
as the agent for the stock sales con-
templated. The Coal River Galleries
was also an enterprise in which the
union controlled investment company
| has an interest.
/; The Colorado and Southern railway
was authorized today by the commits
sion to abandon a twenty-nine-mile
branch line in Colorado, running from
Buena Vista to Romley. State au-
thorities and patrons of the line pro-
tested the railroads purpose and held
the action for a reconsideration. To-
DAYS order held that, notwithStand-
ing the protests the losses sustained
by the railroad in attempting to op-
crate the line justified the abandon
ment
Commissioner Eastman, dissenting,
suggested that the commission should
rot have authorized the railroad to
abandon it's line for state business.
| but only in SO far as interstate COM
merce might be concerned.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
BONDS SELL Off
IN TODAY'S TRADING
Price Changes, However, of
No Great Importance.
Liberties Lower.
BY GEORGE t. HUGHES.

Special Dispatch to The Star.
NEW YORK, February 16.-The
better tone of the stock market was
reflected today in a steadier bond
market. Demand was good and
prices. as rule, were unchanged
from the previous close.
Some selling of industriais was in
progress, more particularly in the
sugar bonds. Cuba Cane issues We're
under pressure. Also. certain rails
were offered, such as st. Louis and
San Francisco prior lien As "a"
which lost three -eighths of a point.
Liberties were slightly lower, but
the net changes were unimportant.
treasury AZ s Were an exception to
the tone of government bonds, regis
tering small advance to 1905.
New Financing Awaited.
Liberties are awaiting, the forth
coming government financing, which
probably will be announced within
the next ten days.
The government will have to max e
provision for maturities March Is,
and some wild rumors have been
current in the financial district of a
long-term issue, which may have had
an adverse effect on the market for
Sucn HdS Q
no basis, in fact. The government
could not sell a long-term bond at
present, for the reason that the Treas
ury Department is restricted to a
maximum coupon rate of 4A per
cent, whereas none of the outstand-
ing government bonds, with the sin
gle exception of the Treasury "a s,
commands better than par.
Few New Issues I'm Week.
The feature of the bond market
during the week just passed was. of
course. the Japanese loan.> Bankers
are very well pleased with the result
of that offering, which promises
quickly to be distributed to ultimate
consumers. The issue was accorded
the right of way over other financing
with the result that the number of
different issues brought out this
week was the smallest in many
weeks. although the gross volume
Of offerings was the highest for the
year, with 4 total of $l72,625,0O0.
compared with s165,427,0o0 the pre-
viouS week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
new HIGH LEVELS
: ON LOCAL BOARD
Lanston and W. R. & {. Is
sues Advance-Dividend
Voted by Market Co.

Marked strength prevailed on the
Washington Stock Exchange this
morning, resulting in two new highs
for the year to date. Lanston Mono
type advanced to rs on sales of fff-
teen shares and Washington Railway
and Electric As brought 72A on a
sale of one $1,000 bond. Washington
Market Company, while inactive. adj
vanced its asked" price to 20, the
result Of the extra dividend disburse-
ment of $3.50 per share declared yes
Lerday afternoon. F'ifty-nine was bid
for the issue
Washington Gas 5s brought 81, with
tne os or the company selling at 101.
American Security and Trust Company
was nrm at 305, it's prevailing level,
ana hallway preferred was sold at
"a "A Washington Market Cold Storage
In the unlisted department ten shares
OF Chaplin Sacks s per cent preferred
stock sold at 94%.
Market Votes extra.
An extra cash disbursement of $3.50
tors of the Washington Market Com
holders of record February 90.
pany, payable February 25, to stock
me declaration was not unexpect-
~ SINCE the court or Appeals, on
February 4, last, awarded the com
pany more than $4,000 900 on it's Cen
Ter Market property, this sum ex-
ceeding. by more than 100000 tn
majority award of the appraisal COM
mission.
Par value of the stock is $50. Tho
annual dividend rate is 6 per cent
while the current extra" amounting
to $4,000, is at the rate of per cent
per annum.
AS Failures i'm Week.
Little change occurred in the mum
! Der Of failures in the United Stats
this week, total of 42S being re-
ported 10 II. q. Dunn & CO.
| week, but is considerably in excess
of the 361 insolvencies of a year ago.
Comparif With last weeks returns.
slight eases appear in the east
and W. out there was a small de-
crease = the south and the number
on the Pacific coast was the same q
! that of last week.
Bank Clearings Hold Up.
The large increase noted in BAN;
clearings last week was not main
tanned this week, an aggregate o.
s6,348.674,000 at leading cities of the
United States being "a per cent in
excess of the amount for this week
of 1923, and 17.3 per cent more than
the total two years ago.
Federal Reserve Ratio.
The combined federal reserve ratio
stands at 500 per cent. compared
with 82.1 per cent a week ago and
1873 per cent year ago. 1t is under
stood that regional banks could not
permit their ratios to continue to
rise without having earning assets
fall too low to provide sufficient
revenue to pay costs of operations.
dividends on stock, etc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
co LOWER
/. IN GRAIN MARKETS
Drop in Stocks and Cotton
Weakens Wheat, Corn and
Oats During Week.
By the Associated Press.

BY the Associated Press.
CHICAGO, February LIT was
a bear week in all the grain pits.
To a large extent, the lessened con-
fidence in grain values appeared to
result from mistrust due to insta-
bility of the stock market and of cot
ton. Compared with a week ago,
wheat this morning was 2s to 211aa
PES lower, corn Ia to rs down and
oats. 9. to 21s off. In provisions, the
net changes varied from 81 decline
to ) advance.
Heavy Selling i'm East.
Holders of wheat seemingly were in
particular counting on backbone in
other markets. and We're disturbed by
sudden breaks in Wall street quota
tions. 1t was deemed significant in
this respect that much of the selling
of wheat near the end of the week
came from houses with eastern con-
nections. and was of a liquidating
character.
Meanwhile, developments which
many traders had expected to serve
as a stimulus to the wheat market
proved disappointing, and broug hit
about no great increase of orders to
DuS lne proposed raise IN the
wheat tariff was generally regarded
as having been allowed for in ad-
vance as a market influence, and a
similar view was prevalent as to
measures taken to ensure financial
aid to the northwest.
Corn Receipts Weaken Market.
Enlarged receipts of corn had a
good deal to do with weakening the
corn market and with depressing IA ts
as well. Primary receipts of corn
were considerably in excess of the
amount last week or a year ago. On
the other hand, opinions differed as
to whatever the increased movement
of the corn crop would continue or
whether the peak had been reached.
Bulls commended that hog arrivals
furnished an indication that heavy
feeding still was in progress.
Provisions were governed by re-
ports that demand, although rather
heavy, was failing to absorb the
available supply. Export trade, how
ever. was said to have picked up
somewha. over last week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
SUGARS UNDER PRESSURE.
Southern Railway Among Issue in
Small Declines.
Ry the Associated Press,

BY the Associated Press.
NEW YORK, February 1G-Reac-
tionary tendencies forced bond prices
lower in today's dealings, which We're
marked by a wave of general selling.
Pronounced heavincss developed in
sugar company issues. Cuba Cane SIS,
Eastern Cuba Tbs, Vertientes as and
Punta Allegro Is all losing ground.
Profit taking accounted for numerous
declines in the railroad list, cutting
down the recent gains of Interna-
tional and Great Northern adjust
ment 6S. by more than point and
bringing about recessions in St. Paul,
Frisco, New Haven and Southern
Railway issues. Foreign government
bonds were irregular, Serbian SIS and
Belgian SIS recording fractional
losses. With liberty encountering
further selling, prices generally
showed a downward trend.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
ACT AGAINST NEWSPAPER

NEW YORK, February 16.-An in
voluntary petition in bankruptcy was
filed yesterday by three creditors
against the Bollettino Della Sera, Inc,
publishers of the daily Italian news
paper ii Popolo. The petitioners
claimed accounts due to the extent of
S4.S50.
Publishers of the paper declared the
firm was in good financial condition,
with no Indebtedness except ABOUT
against which are current bills col
lectRle of $60,0Oo.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
Job for a Senator.
From the Philadelphia Ledger.

From the Philadelphia Ledger.
Dignified senators occasionally
have odd chores to perform. A
United States judge up in Maine did
not like the location of a washbowl
in the room where he usually washed
his hands in the federal building. So
he wrote Senator Hale and insisted
that he consult one of the govern
ment. architects in charge of such
matters with a view to- having the
washbow1 moved. Coming from a
United States judge. the request
could not be ignored.
Setting out on his important mis-
sion, the senator announced to his
office force:
"I have at last found my real niche
in craftsmanship. Such minor mat
tiers as foreign treaties and the state
of the Union can wait Wnlie l go
grave question of where Judge x.
Shall wash his hands"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
SUPPORT APPEARS
IN STOCK MARKET
Substantial. Recovery Made
From Yesterdays Very
Severe Declines.
By the Associated Press.

NEW YORK, February 16.--Sup-
porting orders appeared in large vol
ume in today's stock market, which
made substantial recovery from yes
terday's weakness.
Short covering gave impetus to the
advance, which was also facilitated
by. the encouraging tenor of the
weekly mercantile reviews. Several
of the larger commission houses had
urged their customers to make dis
criminate purchases Of stocks on the
theory that yesterdays drastic decline
had improved. the technical position
of the market and that there was no
decided change in the economic situa-
tion.
Houston Oil and Chandler Motors
led on the rebound. each gaining four
points, while General Electric, Bald
win, American Can. Corn Products,
National Lead and Rock Island We're
among the many issues to sell two to
three points above yesterdays final
figures The closing was strong.
Sales Appropriated 100000 shares.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
REBOUND rs RAPID.
Coppers, Sugars and Railroad
Shares Make Good Gains.
by STUART II. WEST.
BY STUART II.
Special Dispatch TO The Star.

blSilatcH 10 me Star
NEW YORK. February 16.-Fron
the outset today Wall street saw that
the scarce accompanying Friday s
violent selling movement had been
overdone. 1t was setback, very
severe to be sure. but nevertheless
one which the recent Over-speculatio
lad fully warranted.
Calm minded persons ridiculed the
front page story in the morning
newspapers attributing the sudden
collapse to the oil lease scandal and
the fear of further unpleasant revela-
tions at Washington. These only
happened to the convenient pretexts
for a shake out which recent opera
lions for the rise in their eX-
travagance had invited.
Rebound Quite General.
AS Fridays decline had been very
general, so was today's rebound
There were few Individual features
One of these was Southern Railway,
which responded strikinglv to buy
ing by people who are confident of a
dividend and have been looking for
the chance to increase their holdings
Another notably strong group We're
the copper and smelling shares,
where the incentive was the advance
in the copper metal market to 13 "a
cents bid, 1875 asked. Lehigh Val
ley got back almost to where it was
selling Friday morning, and the SUI
gar stocks stood out conspfcuously
in the rally. Seaboard Air Line pre-
ferred was another stock which made
q remarkable recovery, drawing up
to top prices. The snap-back among
the active leaders. like the steels,
equipments, motors and oils, amount
ed to from Y to 3 points on the
average.
Business Is Unchanged.
outside business. has not been af-
fected by the Washington inveStiga-
lions and is not likely to be. There
is fair ground for debating the effect
these will have upon individual can
didateS for the presidency, but there
is no ground for assuming that the
present oil scandal. or any other
scandal that may be revealed. will
favor the cause of radicaliSm at the
coming election.
The commodity markets, which or
Friday had felt the influence of the
break in stocks, were quick to steady
with the stock market, cotton in par
ticular rallying sharply. The foreign
exchanges, however, were mot in
fluenced similarly.
French Francs Break.
Heavy selling continued in French
francs, and this selling conferred in
Paris, carrying rates down to within
r short distance of the extreme low
for all time. The failure of the tax
increase plan to restore public conf
dence in the franc is quite apparent
1T is understandable, however. on the
ground that the government deceived
the public for nearly a year, leading
it to believe in the reality OF Ger
man repa rations when there was no
such reality, and explaining away the
continued decline in the franc by the
silly charge of bear speculation
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
The Last Straw.
From the Kansas City Times.

From the 'kansas CITY IImes
Mr.. Busiman was exasperated with
the telephone. Ten times that morning
he had tried to get number and each
time something had prevented him from
speaking. At last he got through.
"Hellon' he said. as Mr.. X. there?''
eyes," replied a voice, do you want
to speak to him."
/ That was the last straw. Back went
the reply in icy tones: "Oh. no! !
merely rang him UP to hand him q
cisaA ette."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
Jazz of 100 Years Ago.
From the Kansas City Star.

The editor of the Boston Repertory,
September %, 1904, delivered a
lengthy opinion on women's fashions,
and especially that of appearing
"clad in transparent muslin when
clad at all"
With regard to dancing, vulgarity
has proved equally successful" the
editor said. The Scotch step, the
Irish shuttle and the partridge waddle
have triumphed over the graceful
minuet and elegant cotilion. A
strange rage for initiating low life
seems the epidemic malady of the
age, a compliment which democracy
has extorted from us, or else it must
be one of those unaccountable freaks
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
LIVE STOCK MARKET.

CHICAGO. February 16' Omitted
States Department of agricultural
Hogs-11, 900 head: active; strong to
10 higher; good and choice 225 to 900
pound butchers, 7.30a7.35: top. 7.40;
desirable 100 to 210 pound averages,
7.10a7.25: packing sows. 6.20a6.35;
strong weight killing pigs, 6.oOsS50;
estimated holdover, $500.
Cattle-Receipts, 1000 head; COM
pared week ago. good beef steers and
fat she stock 25 to SO higher; lower
grades beef steers very uneven, bare
ly steady; extreme top matured steers,
11.65; best yearlings, 11.50; weeks
pulk prices: Beef steers, 7.75a9.90;
stockers and feeders, 5.00a675; fat
she stock, 4.75a6.S5; Gamers and cut
tiers, 2.75a3.65; veal calves. 9.25a16.25
Sheep-Receipts, 1000 head; steady;
fat wooded lambs, 14.25a15.00: COM
pared week ago, fat lambs. 25 to SO
higher; sheep and yearlings, so to IS
higher; bulk prices: Fat lambs, 1925
a14.s5: clipped. 1i.5oa12.5o; yeaTling
wethers. 11.75a12.75: aged wethers,
9. 50a1c.G0; fat ewes. s.5oas.e5; feeding
limbs. 1S.0ua1s.60.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
LIVERPOOL COTTON.

LIVERPOOL, February 16.-Cotton
Spot quiet; prices easy; good mid
ding, 1926; fully middling. 1916;
middling. 1926; low middling, 1926;
good ordinary, 1926; ordinary, 14.76.
Sales, 1000 bales, including 2,40O
American. Receipts none. Futures
closed weak; February, 1924; March,
1897; May, 17.49: July, 1914; Septem-
Der. 1886: October, 1885; December,
1923; January, 14.91.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
WOOL PRICES VERY FIRM.

BOSTON, February 16 (SpeciaD.-
The week closed on the Summer
street wool market with prices ex-
ceedingly firm, although few changes
were recorded Trading was some
what dull, the coming mems wear
goods opening of the American Wool
Company having checked buying
operations to some extent until it's
effect shall have been estimated.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
CLOTH MARKET QUIET.

NEW YORK, February Is tSpe-
ciaD.-The market for. cotton cloths
remained extremely quiet and un-
changed as the week closed today
with 64x60 print cloths at 91a and
6Sx72s at 11k. The raw silk mar
ket was quiet and showed a. general
decline of about cents ia pound in
all grades, except Canton 20-22s,
which remained at $3.50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
Down, But Not Out.

From the Pittsburgh Sun.
Senator La Toilette, apropos of the
committees report that Standard Oil
since it's unscrambling in 1911 has
got tighter grip on the public purse
than ever, said at a dinner in Wash
ingto.n:
1--WE unscrambled the Standard Oil
Company and if we don't look out
We'll have dollar gasoline before
long"
Then the senator added with bit
ter laugh:
STANDARD Oil is like the cucumber.
1t fights best when it's down."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
A Mechanical Marvel.
,m the Boston Transcript.

From tthe Boston Transcript.
You know, Bridget, that I require
the fire lighted every morning by Z
O'Clock, but 1 cannot get you to do it.
so I've bought you this alarm clock"
Bridget examined the timepiece
thoroughly and after a few moments
silence said: Thank We. mum: it's
Very pretty. But fancy a thing like
mat being able to light a fire"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
HEADS TIDEWATER OIL co.

NEW YORK, February 16.-Axte1l
j. Byles, formerly vice president and
general counsel of the Underwater Oil
Company, was elected president of
the company yesterday to succeed
George Il. Slade, who has resigned.
No reason was assigned for Mr..
SHADES resignation. ;,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
PARIS MARKET STRONG.

PARIS, February 16.-Trading was
bourse today. Three per cent rentes,
So francs n confines. Exchange on
London, 81 francs 20 confines. Five
per cent loan. 6S francs 20 centtmes.
The dolia. y as quoted at % francs a
Confines.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16

Kish. capital of ancient Babylon.
has been discovered by the Field
Museum-Oxford expedition. A stamp
ed brick, bearing Inscriptions prais-
ing King Sam Su- luna, seventh king
Of The 1irst dynasty of, Babylon, i.as
pesA .4ScAoseU.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
TOnAY'S BUTTER PRICES

CHICAGO, February 16.-Butter-
Lower; creamery xetras. so; standards,
i9ls; extra firsts, 49a49k "; firsts, 47ka
4S1a; seconds, 46ka47.
Eggs-Lower; receipts, 1854 cases;
A1sst. IL Aa32; ordinary trsts. 29a30.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
RATES ON BAR SILVER

LONDON, February 16-Bar silver,
33 d per ounce. Money, 27s per cent.
Discount rates-Short bills. 35s per
cent: three-month bills, 3Sa3 11-16
per cent.
NEW YORK, February 16.-Bar sill
yer, 64B; Mexican dollars, 491s.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
WEEKLY BANK REPORT.

NEW YORK, February I6-The ac-
tual condition of clearing house
banks and trust companies for the
week shows an excess in reserve of
S43,6S5,750. This is an increase of
$1,SO4,140.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16
CHICAGO STOCK MARKET.

CHICAGO, February 16.-Followine
is report of todays sales. high, low
and closing quotations at the Chicago
Stock Exchange:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-02-16

tPartly extra. SPayable in preferred stock.
Dividend rates as given in the above table
are the annual cash payments based on the
latest quarterly or half-yearly declarations.
Unless otherwise noted, extra or special
dividends are not included.