davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1924-02-11
DIVIDEND
AIDS OTHER !
STOCKS
Since Dividend 233 Active
Stocks Have Risen In
Market Value.
By W. s. COUSINS.

NEW YORK, Feb. 1.-THE story
OF how the small sum Of rs cents,
a quarter Of one dollar. grew to
the colossal sum Of 1855 900 900
in three months without even caus.
ing the slightest furry In financial
or political circles, is told with
great interest in Wall Street today.
It all happened when the direc-
tors Of the United States Steel Cor
poration, in recognition, Of the un-
usual prosperity Of that giant COM
company last year, and in anticipa-
ton Of the continuance Of good
business in 1924. tackled an extra
26 cents on the regular dividend
of each share Of its common stock.
Since October 30, the day on which
the extra dividend was declared 23S
of the most active stocks on the
New York Stock Exchange have
risen in market value 81 ,6S5, ,OOO, 900.
Helps Other Stocks.
The steel dividend added nothing
to the intrinsic value Of the securt-
ties of that, or other representative
industrial corporations in the
United States. Its effect was on
sentiment, rather than values. 1t
lifted the security market from the
dumps and the doldrum, into which
1t had been placed by the March.
October reaction called the atten-
ton of investors to stocks which
were evidently below their real
values, and emphasized again the
correctness Of the slogan, "It pays
to advertise"
Wall street experts are in almost
unanimous agreement that the steel
dividend opened the sluice gates for
the speculative enthusiasm that long
haG been held in check because of
uncertainty as to probable economic
developments.
On October 81 last, the market
valuation Of the 233 most active
stocks listed ON the stock exchange.
according to a compilation made by
the Standard Statistics Company.
was $11,776, 100000. On February
4, 1924, their value increased to
$13, ,401 ,00O, 900, an appreciation OF
1879 per cent. A further advance Of
only 4.3 per cent, equal to $61O ,000,-
900. would bring them up to the
peak of the year 1923, which was
reached on March 21.
More than 60 per cent Of this gain
in value of 233 issues has been
brought about in the recovery of
20 stocks, in five groups. The II
petroleum stocks used in the index
have increased SASS zoo, 900 in value;
81 rails went up $209, ,200, 900: Q steel
stocks. $132.OO0,Oo0; 8 electrical
equipments, $S7, 100000, and 10
motor stocks, $77.000.000.
Pass 1923 Tops
Four groups Of stocks. telegraph,
mail order, electrical equipment and
chain stores, have already passed
their 1923 tops, and q number of
others are within striking distance
Of new high records.
The following tabulation, pre-.
pared by the Standard Statistics
Company, campares the price index
for every important group for Oc'
tober q. 1928. and February 4,
1924.
vA-ta~ T.A~-
The Washington times., 1924-02-11
Business Briefs.

NEW YORK-American Express
Company sold 100000 travellers
cheques amounting to $4,000. 900
in 1928, establishing new high
record.
NEW YORK-Illinois Bell Tele-
phone Company for year ended De-
cember 81, reported net income Of
$6,S12.626, equal to SS.2S a share
on capital stock against $6.S5S, ,629
or $10.59 a. share in 1922.
NEW YORK-Net income for
year ended December 81. Of the
Continental Can Company, tOtalled
$S,767.73O, equal to $S.1s a share on
common stock against $7.97 a share
in 1922.
NEW YoRK-George W. Helme
Company for year ended December
81 reported net earnings Of $2,.
096,307 equal to $7.66 a share on
The Washington times., 1924-02-11
Chicago Grain Market.

CHICAGO, Feb. 11.-Grains were
firm at the start here today. with
wheat sharply higher. MMneat M
started with a rush OF buying
orders and y to Ia cents higher.
September led the upturn and the
commission house trade centered IN
the more deferred delivers.
Corn started unchanged to cent
lower, with scattered selling through
commission houses. Strength IN
wheat inspired buying by locals and
trade was more mixed after the
start.
Oats started unchanged to u cent
higher. Trade moderate ana
featureless. Opening prices We're:
Wheat-Hay, $1.12% @1.13; July,
$1.12%@1.13; September, N.12% %
l.1S.
Corn-May, S1%@%c.; July, s1&
@Kc.; September, S1%0%c.
Oats-May. 4SA @%c.; July. 47h
The Washington times., 1924-02-11
N. Y. Cotton Market.

NEW YORK, Feb. 11.-Firmness
was noted at the opening Of the
cotton market today, options ad.
vancing from to Is points in
response to higher Liverpool ca.
bles.
March opened at $3.50, I'D 10
points; May at $3.50, up 8 points;
July at 32.42. up points, and
October at $500. up 15 points.
The Washington times., 1924-02-11
Local Stocks.
SALES.

washington Gas 5's, S1,000@9S%.
Washington Gas, &c, 5000 @lOl. -
After call-Capital Traction co.. 90
90 washington Gas Light. 1O@4s%. 1O0
49&.
Money-Call loans. and e,per cont
Notice-This Exchange will be closed
tomo morrow, Lincoln's Birthday. :.
The Washington times., 1924-02-11
Short Term Securities.

Alum. Co. Of Amer. q, as. 102Ml103
Alum. Co. Of Amer. 7s, '32. l1O6hI107
Amer. Cotton Oil 6s ......i 9s% HOOK
Amer. Sum. Tob. con 20 ss.. 99 98h
Am. T. & T. col. 4s......... 93E 93N
Amer. Thread So ..sssssss. l102h j103
Anaconda So ......sss~... 101 ll02A
Anaconda Copper Go sss.... 97N 97M
Anaconda Copper 70 s...ss. 99N 100
AngIo-Amer. OIL 7Ms ...... J1o1 = 102H
AF%ou5 A. q. 4 hS; GO; col ss g.: M ~ aH
3 3 : : g: g. 3. 3. u ". 'SS Blv. :Ss::: s7~ s77$$
hs ps TEL TEL Of Ct Can can. g &. 1siS si
Bs.hl.Ssm Ben a:a Of Steel f.. e. &. & 81: % ssS ssS
Br. Cop. NJ. col. tr. Sc. 81 I101 = I101 4
Can. Nor. Ry. 6s, '2S...... 99H 99h
Can. Nor. Ry. VS. '2A...... 400 y 400 y
Can. Nor. Ry. So, '2A.. 100 u 400 v
Cent. Lea. LIST lien 6s, rs. 96 e6N
Cudahy Pack. Co. 6Ms, 'T. S7MI SO
Federal Sug. ref. Sc. '33. 100 HOOK
Hook Valley Sc, '2l........ 99M HOOK
X. C. Term. Sc. '23........ 99& l100A
Kennecott 7s 40. l104M lies
N. 8. & M. 8. 4s...s.......I e2MI S3
Nat. Lea. 90. ....:::........l1O0 1o0M
Greg. 8. L. Ref. Col. lp.... ssM "a
Phila Co. 6s 100 l1O1
:i: :: :I::. s; s ss!;ii:s Fl; '::
Solvay 8s..........ssss..... I104 l104M
So. Pac. Con. ~. 93h 93N
So. N. Y. To. l1O8hl 100
SO. N. Y. 6Ms..............l1 .l107N l1o7h
The Washington times., 1924-02-11
PREDICT H|GHER
GASOLINE
PRICES
Nine Separate Advances IN
Crude oil Made Since
December.
BY w. 8. COUSINS.
Copyright, 1924, by Cosmopolitan
News Service.)

NEW YORK, Feb. IL. II the
swing Of the pendulum in prices
Of crude Oil continues as sharply
during the next few months, as
has been the case since the first
part of December, there will bo
more justification for the fear Of
high gasoline prices in 1924 than
lin 1922, and the first part OF 1928,
before the disasterous overproduc-
ton upset the calculations Of oil
men.
Prices Jump.
No less than nine separate ad-
vances in the price OF Pennsyl-
vania crude oil have been an
nounced since December IA, MAX
ing the prevailing price $3.50
barrel, compared with $3.50 a bar
II rel in November Of last year. The
highest price for Pennsylvania
lcrude oil last year was $4.26
barrel, reached in February. before
the nid-continent and California
oil fields began to disgorge them
selves and prices inaugurated
their precipitate tumble. The fol'
lowing price comparisons are sig
Inificant:
The Washington times., 1924-02-11
Oil Stocks.

Furnished by W. B. Hibbs Z Co:l
--Ss-@--.----------- 90 / O
The Washington times., 1924-02-11
Today's Bond Market.
E0REIGN


Rep. Of Argentine rs ls27....... 1O1
Belgium Govt TM's, 1e4S........ S9H
Rep. Of Brazil 7's, 1884,. 7oA
Rep: q Brasil s's. lS4i. .:....... g
Canadian Railway SIS 1931...... 99H
Canadian Railway Sc, 19S2...... ,a9Ns
Canadian Railway s's. 1923. :.... lo1 !.
Rep. Of Cuba Ctfe. 6M's, 1884,. 0lH
Dutch East Indies e'A. 19e2...... 94N
Dutch East indies gG 1s47...... 94E
BsnTsr Bsnmsrk e. 1s4s............ 1sts. ,SSsst
French Ersnss oSyt oSy.s 81 s. isas:::::: aass..::
Rep. Of Haiti e's................ 9tM
City Of MarseiIles (Frahcs) 6's.. 7sN
Monteyido .................... 9eH
sssss'S stass Il sso Paul: s,:.:::: lss$ ss$
GinsdSm Sar1,saI~ e. g. Serbia SS'......... ,33ss&
SaIi:S SaIi:S K K: & & 6: g. E ~ ssSs: i:;s i:;s
Antsn Jurgen e's.. 79
American Tel. 4 Tei. G 6's.:.... 6' SsE
Bsrns&all Rs,, Ss Corg: a sSS:.....'.... e: sSssH
Balto-0hio. CIV. 4h'g......os.... 81
Baito-0hio So '95. 5................ sek
6alto- Ohio ss. '2s. s..:............. 1eIM
Beth. Beth steel Steel shs: 'ts.......'..... SdM SaMH
Anaconda Copper MIN. Co. s. b.. 1Sl +
AanacOnda Copper Min. Co. es... 91h
Comrnonwealth Pow. Co. 81 -. 90N
CHI q West Ind. Ry: As........ .!s,,
Dusquesne Light Mani. Co. es... 104
Eastern Cuba Sugar 7hs........ 11Qh
Fisk Sugar ct. 7Ms.. ...:.- 1e!%
Coed Go; crs.T Year Tire z Rubber Go. ss. 1is isx
Hershey Choc. Co. So ......... 102
Hudson Manhattan I'd. 6s.......G S3
Humble OIL Co. Shs::.......... ssA
Illinois Central Ry. SMS,..::..... 1879
Inter BOr. Rapid Tran. Co. I'd So e2
Inter Borough Rapid Transit 7s.. e5h
International Great North. ct S.. 9s
Ksliy <: y spTnsfd. % T. L r. Co. 49,. 1Ssx
Lackwanna Steel Co. s...:..... s1H
Liggett & Myers TOb. Co. 6g..., g7h
Lorrilard Tob. Co. D ba. 1851. 96A
Mo. Kan & Tex Ry 81 A. 1852. SIN
North Am. Edison s.. is53..... 0sK
North. Pao. Ry Sc. 2047........ 10sM
Penna. Ry. AVS. 1s46........... soM
Pepna: ny: SIS 1Sss: :..;::.'. ;::: 1Ss .
Producers & Refiners Ss. 1871. 1OsN
Punta Allegro Sugar cv. 7s. 1887 1ISE
Pierce Arrow So, 1913. 79K
Chi. Burl. 4 Quincy Sc. ls71... SsA
Republic ! q 9 Co. Sc. 1s4O.... S4h
u s. Rubber TVS 1890. .1...... 1867
Am. Sugar Co. 6s............... 102M
seaboard Airline Co. Al. 6s...... 49M
Seaboard Airline Co. 6g....:.:... 1SM
St Louis q San Francisco 6AAs.. 92M
st. Louis & San Francisco 4s.... sex
st. Louis & San Francisco 5s B.. ssh
St. Louis & San FraAcisco 6s.... 100
St. Louis & San Francisco LIST Sc 81
st. Louis a San Francisco adj. e. 76M
st. L. q Southwestern R.R. 6s.. son
Chic. Milw. & st. Paul DB 4s... 76M
Sinclair Crude OIL 6Ms....s.... 97X
Third Ave-. al. IS. 46A
Toledo Edison 7s. 107M
Tide Water OIL eh ............. 103
Utah Light S3M
Vir. Carolina Chem. 7a.......... 80X
virxinia r.. n, Sc. ........ 93%
western Union Sc .............. 1898
IN. r, West Chester q Boston AIS 46
Wilson Co. 7Ms ............-.. 91H
wickWfre Spencer 7s.......... 7sN
waSterm Pac. Sc ......... 92&
youngstown sheet q Tube Ss..... sSh
The Washington times., 1924-02-11

common stock against $2S.76 a
share in 1922.
LOS NEUTRALITY-SUSPICIOUS. OF
Owl and Sun Drug companies IN
volving consideration OF $6,OOO,OOO
has been completed. Annual busl-
ness totals about $2O,OOO,OOO.
The Washington times., 1924-02-11
Liberty Bonds

Furnished by W. B. Hibbs 4, Coz
Liberty shs, due 1sl7. .......7. SSs. OF
Liberty first 4hs; due 1s4I: 49,. 9s.1l
Liberty third AVS. due 1875. 9S.s1
Liberty fourth 4As, due 1898. 99.lI
q. s. Treas. Gifts, due 19S3,... 500. o.
The Birmingham age-herald., 1924-03-29

Washipston, there stands today one happy man. Joseph Patrick Tumulty.
 A few kind words from Woodrow Wilson, suggesting Tumulty as demo- cratic candidate for United States sen- ator from New Jersey, are responsible for Tumulty's joy. They mark for him the forgiveness of his chief and beloved leader, after an estrangcment that tore Tumulty's heart.
 Wilson's boom for Tumul.J for sen ator was started in . conversation with James Kerney, New Jersey democratic leader, who related it in an article in the Saturday Evening Post. Kerney told how he discussed with the former President last October and again in De- cember the possibility of Wilson him. self running for the Senate or the presi-
The Birmingham age-herald., 1924-03-29
CONFAB IS CALLED
 TO PLAN EXHIBITS
Civic Chamber Officials Of
 State To Meet April 5

Secretaries and other officials of Chambers of Commerce in every Ala bama city will come to Birmingham April 5 to make plans for this state to be properly represented with dele, gates and exhibits at the Southern Ex, position to be held in New York in Jan. uary, 1925.
 o. L. Bum, manager of the local chamber, called the statewide confer. ence for April 5, in order that the va. rious chamber representatives might meet and talk with W. G. Sirrene, ex- position president, who will be in Bir- mingham on that date.
 All southern states will send vast exhibits of their products to the ex. position. which will be held in the Grand Central station.
 We want Alabama to make the best showing of any state in the south,' Mir. Bum said, and we are starting on our plans early for that reason"
The Birmingham age-herald., 1924-03-29
BRANDON VISITS
 IN WASHINGTON
COnfers On Dedication
 Of ArmOry And Road
WASHINGTON RuREAul


 WASHINGTON, March 2s.-For the purpose of conferring with treas ury officials relative to the proposed dedication of the old federal building in Birmingham as an armory for the national guard, and officials. of the bu- reau of roads relative to Alabama high way construction, Governor W. W. Brandon and Attorney General Har- well Davis came to Washington today. The officials were entertained at lunch by the members of the Alabama delegation at which Governor Brandon spoke. In the afternoon he went on the floor of the Senate and was re- galed by the oratory of Senator j.. Thomas Heflin of Alabama, who de- livered masterful phillipic against Harry NJ. Daugherty, former Attorney General of the United States.
 Governor Brandon is returning to Montgomery after a business trip to New England. There he conferred with bond attorneys relative to the recent issue in Alabama of $7 100000. These bonds, according to the governor, are now on sale, and half of them have been disposed of at d premium. While in Connecticut and Massachusetts,. Governor Brandon was entertained at dinner by the governors of those states.
 In order that his business here might be satisfactorily terminated, Governor Brandon will delay his departure until tomorrow afternoon.
The Birmingham age-herald., 1924-03-29
DOIlNGS OF DAY
 IN WASHINGTON

Attorney General Daughtery resign ed at request of the. President.
 ;. Alfred J. Pearson of Iowa was nomi- mated to be minister to Poland. '% Harry F. Sinclair contempt case was presented to a federal grand jury. .t
 John Walsh, brother of. Senator Walsh, democrat, Montana, was ques- toned by the oil committee and denied interests in oil in. Wyoming or any other. northwestern states.
 The Senate debated the resignation of Attorney General .Daugherty and Senator McKellaf, democrat, Tennes- see, introduced resolution to investi- gate Secretary Mellon's business con nection.
 Representative Langley, republican, Kentucky, indicted by grand jury in connection with liquor cases, made bond and appeared before the House investigating committee at an execu- tive session.
 The railroad labor board was defend ed before the Senate interstate com merce committee by Hale Holden, chair man of the executive committee of the Association of Railway Executives, and Daniel Willard, president of the Baiti- more and Ohio.
 The Daugherty Investigating com mittee delved into life in the Daugh- erty-Jess' Smith apartments, question ing the former Attorney Generals for mer negro valet. A subpoena was is- sued for W. J. Burns to testify about files relating to Mexican revolutionary cases. Z
The Birmingham age-herald., 1924-03-29
Official Custer and Reply

WASHINGTON, March 2S.-(B By Associated Press. .)-President Cool idge's letter to tho Attorney Gen. eral requesting his resignation was written under date of March 27. It follows: "My Dear Attorney General: A.
 Since my conference with you, l have examined the proposed reply you suggest making to the demand that you furnish the committee investigating the department of. justice with files from that department, relating te litigation and to the bureau of investigation. You represent to me and to the com mittee in your letter that it would not be compatible with the public interest to comply with the demand and you conclude your letter with statement that approve that position.
 Certainly I approve the we'll estab- lished principle that departments should not give out information or documents where such course would be detrimental to the public interest, and this principle is always peculiarly applicable to your department, which has such an intimate relation to the ad- ministration of justice. But you will readily perceive that I am unable to form an independent judgment in this instance without long and intricate investigation of voluminous papers which cannot personally make and so l should be compelled to follow the usual practice in such cases and rely upon your advice as Attorney General and head of the department of justice.
 "An Interested Party"
 But you will see at once that the committee is Investigating your per- sonal conduct and hence you have be- come an interested party and the com mittee wants these papers because of a claim that they disclose your personal conduct of the department. Assuming that the request of the committee is ap- propriately limited to designated files, still the question will always be the same. In view of the fact that the in- quiry relates to your personal conduct, you are not in a position to give to me or the committee what would be dis Interested advice as to the public in- terest.
 You have a personal interest in this investigation which is being made of the conduct of yourself and your office which may be in conflict with your of ficial interest as t., Attorney General. l am not questioning your fairness or integrity. l am merely reciting the
The Birmingham age-herald., 1924-03-29
LANGLEY CASE
 FINALLY OPENS . }. } HOUSE SCANDAL
Burton Formally Announ- ces Members Named
 AtChicagO z

2 WASHINGTON, March 2S.-Repre- eentatiyes Langley, of Kentucky, and Zihlman of Maryland, republicans, were definitely identified today as the two members of Congress" referred to in the report of the Chicago grand jury bureau frauds: .-..
 As an aftermath of the Chicago disclosures, Langley was indicted here yesterday on charges of conspiracy to illegally withdraw liquor. The grand jury report, however, made no mention of Zihlman.
 For two hours today both of them, with their attorneys, were before the House committee investigating the charges against them. In their pres ence John ". H. Grim, special govern { ment counsel who handled the presen- tation of evidence to the Chicago grand Jury was examined under oath by the committee. ..t
 After Crim's examination and Lang- ley, Zihlman and he had left the room, the committee for another. hour behind closed doors, continued its deliberations. Then Representative Burton, republi- can, Ohio, chairman of the committee, issued this statement:
 For the purpose of ascertaining for s ~..~~ASs @AA SVAhRAA0ASC WAtA tu0 ICSOlu~ tions who were the members of the House against whom charges were made in the Chicago grand jury pro- ceedings, Special Assistant to the At torney General, MT. John W. H. Grim, was examined by the committee this afternoon and stated that Representa- tives Langley and Zihlman were the members of the House who were then mentioned. Messrs' Langley and Zihl- man were present at the hearing with their. counsel. The matter was then held over until, next Wednesday,"
 Committee members, who said their function is to determine whether there is evidence of wrongdoing on the part of anytrepresentative to war rant his expulsion fro mthe House, said they were determined to make an ex- tensive examination of the evidence Against both Langley and Zihlman. Charges understood to have been pre- ferred against the Maryland member. which the grand jury here deemed in- sufficient to warrant indictment, prob ably will be taken up first.
 Before Mir. Langley appeared at the capitol, bond in the amount of $5,OOO was furnished by Reresentative Huds- peth, democrat, of Texas, for the Ken ctucky representatives appearance at trial. .a% \
The Birmingham age-herald., 1924-03-29
BIG NARCOTIC RING IS RELIEVED BROKEN
$75O,OOO In COntraband Seized
 In New York Raid

NEW YORK, March 2s.-The New York end of an alleged narcotic smug- gling combine, which federal agents charged had sent many packages of opium to Hollywood and other Pa cific coast cities, was believed today to have been broken up by a raid in a lower East Side apartment last night in which $75O,OOO in contraband was seized.
 Two men, who gave their names as Michael Heller and Marx Gold, were arrested by six agents, headed eotic division in Washington, The agents said q long search for one-ounce tins of opium, bearing a picture of a white wheel on a black background, hitherto had failed to disclose such cans in any point save Hollywood and q few other western cities. Many of them. were found, in Hellers apartment, they charged.
The Birmingham age-herald., 1924-03-29
COOLIDGE AIDS
 AWAIT COUNT Refuse To Concede South Dakota To Senator
 Johnson

SIOUX FALLS, S. D., March 2S.- T., B. Roberts of Pierre, state manager of President Coolidge's campaign in Tuesdays republican presidential pri- mary, tonight refused to concede vic tory to Senator Hiram Johnson who won on unofficial returns.
 "In my. opinion" MT. Roberts said, it will take an official count to de- ternnine the outcome"
 His statement was made after unof- ficial returns showed Johnson had majority of 1,580 votes over Coolidge with less than 100 scattered, small precincts unreported.
 These returns, which were from, 1 731 of the states 1925 precincts gave the California senator 40,S59 and Coolidge 3S,779.
 FARGO, N. D., March 3s.-Calvin Coolidge will be represented by eight delegates while Robert M. LaFollette VIII have five at the national republi- can convention on the basis of complete unofficial tabulations here today from the March IS, presidential primary in North Dakota.
 LOS ANGELES, March 2s.-Con- sistent rumors that he had withdrawn his support from the presidential cam paign of Hiram Johnson were confirmed by William Wrigley, Jr., in a state ment issued today. -.
 He predicted the nomination of Cal yin Coolidge and his subsequent cleo ton.
The Birmingham age-herald., 1924-03-29
MAKE PLANS FOR
 STATE ORATORS
Inter-Club Council Aids In The Age-Herald's
 Contest

At its meeting yesterday. the Inter- Club council, composed of representa- tives from Birmingham's leading civic organizations, unanimously indorsed a program for the state final meet in the Age-Herald National Oratorical Con test, which will be held in Birmingham April 25. .re ...
 on this date, the champions from the ten congressional districts of, Alabama will meet here to contest for the cham pionship of Alabama and The Age Her aids prizes consisting of three schol- arships to any college in Alabama, and quite an elaborate program has been made up for the entertainment of The Age-Herald's guests. In part, this pro- gram consists of a parade, and each civic organization of the city is invited to be represented in it. s. ,@
 Approximately 1,500 stud m t s throughout the state have joined en- Enthusiastically in the contest, and they are this week contesting within their schools for the honor of being the of- ficial school representative.
 President w. Carson Adams of the lnter-Club council has repeatedly com mended the contest, and it's motive to raise the standard of American Citi- zenship." President Adams has said l! Il can think of no more valuable step in the important work of educating our people in citizenship--and particularly at this time-than this National Ora torical Contest which you are actively promoting. wish you the fullest meas ure of success"
 Leaders in every community express themselves in like manner, and the spontaneous support that this contest has received already assures The Age Herald that this patriotic endeavor is great success.