davidaulloa/AmericanStories huggingface dataset:
Evening star., 1925-07-03
COTTON SELLS OFF
IN EARLY TRADING
October Futures Extend
Break to 125 Points.
Holiday Covering.
BY the Associated Press.

NEW YORK, July 3.-The cotton
market opened easy today at de-
cline of l to 1S points on a continua-
ton of yesterdays selling movement.
October soon sold off to 22.89, a net
decline OF 18 points and break of l25
points from the price ruling shortly
before the Government crop report
was issued, but the market steadied
at this figure on covering for over the
holiday and week end.
Failure of the weather map TO show
rain in Texas drought sections and
fear of continued dry weather over
the holiday probably increased the dis
position to take profits on recent sales,
and the market was up to 23.07 for
October by the end of the first hour,
or about net unchanged to 3 points
higher. The failure of a large Chi
cago house had little apparent effect
on cotton, as the market interests in
volred were supposed to be chiefly in
grain and stock.
New York cotton futures closed steady at
net 4 points down to / points up.
Evening star., 1925-07-03
BONDS.
WOOL SHADE HIGHER.

BOSTON. July 3 SpeciaD.-Prices
a shade today. although
trading consisted mainly of cleaning
up operations in advance of the. holt
day. Good quality fine fleece woods
sold as high as 81 cents in the grease,
with only scattered stocks available
at So. This is equivalent to about
81 40 clean. allowing for shrinkage
Fine territory woods, clean. ranged
from Sl.35 to Sl.31. Quarter bIoods
moved well.
Evening star., 1925-07-03
Markets at a Glance

NEW YORk-SIocks, irregular:
Western Union reaches record high
Bonds, easy; pre-holiday profit tax
ing. Foreign exchanges, mixed
francs and lire recover. Cotton bare
ly steady: prospects rain drought
section. Sugar. featureless Coffee
strong; higher Brazilian markets
CHICAGO-Wheat, easy: favora BILE
weather outlook. Corn. lower; sym
pathy wheat. Cattle. irregular. Hogs
higher; active shipping demand
Evening star., 1925-07-03
TEN NEW DRUG FIRMS

NEW YORK. July C4o).-Ten new
drug companies We're organized in the
United States in June, with capitaliZa-
ton of $3.245 .000t compared with six
companies capitalized at S575 900 in
May and IA companies capitalized at
S7,226, 600 in April, compilation by
the Journal of Commerce. shows
Nine. NaZimova, actress and movie
star, will become an American citi.
zen, having already applied for her
first naDerS.
Evening star., 1925-07-03
Sharp Break in Liverpool.

LIVERPOOL. England. July 8
The severe fall in New York cotton
futures yesterday on the unexpectedly
bearish government crop report was
reflected here in 45-point drop
under realizations and withdrawal of
support.
The market was comparatively
quiet for the first half hour today
but around noon the tendency be-
came steadier on small repurchases.
under which prices improved a few
points.
Evening star., 1925-07-03
YELLOWSTONE PARK HAS
80 MORE MOTOR BUSES
,pecial Dispatch to The Star

opSCIuI OIspatVI
GARDNER, Mont, July 3.-The
White Motor Co. has completed de
livery of so busses for the Yellowstone
Park Transportation Co, bringing the
number of White busses in operation
in the Yellowstone to 299. President
Child of the Transportation Co. says
the Yellowstone has the largest book
ings known this year.
Evening star., 1925-07-03
TOdaY's New Offering
CALL MONEY LOWER,

NEW YORK, July tP-CaH
money. easier; high. 4ai; low, 4; ruling
rate, 44; closing bid, 4 offered at
Az; last loan, 4; call loans against
acceptances, Az. Time loans, firm.
mixed collateral, 5000 days, 3a4a4:
4-6 months. 37sa4; prime commercial
paper, 324a4.
Evening star., 1925-07-03
CLOTH MARKET DULL.

NEW YORK, July (SpeciaD.-The
usual lull before a holiday took place
in the cotton cloths market today.
Trading was very quiet, but the Gov
ernment report of yesterday did not
depress prices except for the 6s by 72
print cloths. which fell off an eighth
Raw silk was quiet and unchanged
both here and in Yokohama.
Evening star., 1925-07-03
FOREIGN EXCHANGE.
1otauons furnished by W. B Hihbs 4 Coz
NEW YORK, July 3

NEW YORK, July 8 CF).-Foreign
exchange irregular: quotations in
cents; Great Britain, demand, 4s53s:
cables, 4861s 60-day bills on banks,
4slas; France, demand. 4.6S; cables.
4.6812: Italy, demand. 3.5612 cables,
357. Demand-Belgium, 4.65 II; Ger
many, $3.50: Holland, 1902: Norway,
lS.09 Sweden, 26.77: Denmark, 20.38;
Switzerland. 1893; Spain, 1854:
Greece, 1855; Poland, 19k Czechoslo-
vakia, 296: JuEoslavia, LIS; Austria,
14A: Ruma mia. as; Argentina 1850;
Brazil, 1852: Toxic, 4Sh; Shanghai.
1874. Montreal l90s
Evening star., 1925-07-03
NEW YORK DAIRY PRICES.

NEW YORK. July CP).-Butter-
Firm: receipts, 16O O6O tubs. Creamery
higher than extras. 42a4212; creamery
extras t92 score), 4lL2; do, firsts tSS
to 81 scorel. 3912a4lL
Eggs-Irregular receipts. % 493
cases. Pacific coast whites. firsts TO
extra firsts. 42a44.
Evening star., 1925-07-03
us. STEEL LOWER
IN FINAL TRADING
Most Stocks, However, Hold
Well After Big Failure
Earlier in Day.
BY STUART P. WEST.
a. n;so,.oh - T,,o S+a-

Special Dispatch to The Star.
NEW YORK, July 3.-The failure
of Dean, ,Onativia & Co. had only a
passing effect upon the stock market
today. Outside of a few stocks on the
bigb oard and on the curb the selling
out OF contracts amounted to little.
The market yielded point or more.
came back quickly, then continued to
move with the same uncertainty that
it would have probably shown had
there been no outside news.
Stewart Warner Drops.
The stocks affected by the failure
were most of those in which Chicago
is interested. Stewart Warner open
ed down nearly Z points, rebounded 5
points. then sold off again. Mont
Eomery Ward started in a point
lower and the advance of the previous
day was checked. These were the
only two stocks where selling con-
nected with the suspension could be
traced The rest of the closing out of
accounts occurred on the Curb EX
change.
There were new high records in Nc
Crory Stores 3 stock, which was up
= points, in all three classes of Kelly
Springfield. in Fleischmann. Associated
Dry Goods, American Agricultural
Chemical preferred. which was very
active and strong, and du Pont de-
hentures A single hundred shares of
kress Co. stock sold at 400, which
meant an advance of 76A points from
the last previous sale.
Nash Motors OF % Points.
The rise in SIoss Sheffield above 81
and the strength of Gulf States Steel,
occurring when other members of the
steel group were doing nothing, made
ha h,,yr
ing of these two stocks did not lie in
steel conditions. but was due TO the
revival of merger gossip.
American Can broke 2s4 points dur
ing the period when the general list
was unsettled, but once more it showed
the strong buying power back of the
stock The shares came back readily
and even went above the Thursday
final. Woolworth broke over points,
but it also rallied. Nash Motors was
off rs points from it's last previous
sale. Then it, too, had a partial re-
covery.
Some Strong Spots.
Special buying appeared in Electric
Power at an advance of over point
and in American Car and Foundry,
which was up u points. Worthing
ton Pump was one of the features, up
nearly points, and May Department
Stores was very strong.
American Ice above lis and Western
Union up over 3 points were the fea-
lures of the late afternoon on the
buying side. Wabash common crossed
% for the first time, the Street still
believing that the road would wind
up in the new railway system which
is being projected. if this is put
through. Southern Railway gained a
point and Fanadium Corporation was
up over a point.
Certainteed Products was prominent
among the Specialties, advancing to a
new top for the year we'll above 81.
The buying was taking account of
the fact that in the first five months
the company's business set a new high
record for that period. Current opera
tions are understood to be in excess of
the April and May business. The
stock pays 81 annually in dividends
and earnings are two to three times
that amount, according to latest in
formation.
Evening star., 1925-07-03
DIVIDENDS.
BITTER HIGHER. TODAY,

CHICAGO. July R).-Butter,
higher; receipts, 1871 tubs. Cream
cry extras, Al; standards, 41h; extra
firsts, ISAAC; firsts. ssa3S1a; seconds,
34a37.
Eggs, unchanged; receipts, 1858
cases.
Evening star., 1925-07-03
TODAY'S SILVER RATES.

LONDON. July 3 CP.-Bar silver
S2d per ounce. Money, 3A per cent
Discount rates, short bills. 4 Tie per
cent; three-month bills, 4 9-16 per cent
NEW YORK. July 3.-Bar silver
69%; Mexican dollars, 53as.
Evening star., 1925-07-03
New Orleans Quotations.

NEW ORLEANS, July Still
under the influence of yesterdays
bearish bureau report, the cotton
market opened weak today, with
losses of Is to II points. Subsequent
trading caused further declines until
October reached 2220 and December
22.32 or 81 to % points below yester-
days close. Some trade buying de-
veloped on the break and as shorts
covered for over the holidays. prices
rallied IA TO Is points.
New Orleans cotton futures closed steady
at net advances of ! to points.
Evening star., 1925-07-03
LIVE POULTRY LOWER,

CHICAGO. July LP).-Poultry-
Alive, lower; fowls. 20a22l2; broilers.
1Sa26; springs, 81; roosters, 1877
turkeys, 20; ducks. IS; geese. l3alS.
Evening star., 1925-07-03
american RayOn
Stock Suspended
On Curb Market
By the Associated Press.

NEW YORK, July 3.-Trading
in the shares of the American Ray
on Products Corporation was sus-
pended on the New York curb
market today.
The stock, which was offered for
subscription at $22 a share. opened
on the curb a few weeks ago at
$27.50 a share. and advanced to
nearly $52 a share.
Evening star., 1925-07-03
FLOUR BIT HIGHER

MINNEAPOLIS, Mimi. july 3 Up.
Flour, unchanged to 90 higher at
$50 barrel. Shipments. II ,69s bar.
selsA .-------
Evening star., 1925-07-03
Loan Office TO Move.

The District Building and Loan As
sociation viii remove its present Fif-
teenth street office 10 new quarters in
the lie Paradis Building. No
Thomas circle, on July o.
The association has. by a steady and
sturdy growth. reached the size that
warrants it in maintaining a separate
office of its own, was the reason given
for the relocation. It's officers are Will
liam :. Quinter. president George :
De Neale, vice president. r. Wilson
Camp. secretary: J. Benson Thomas.
treasurer, and Harry G. KimbaU. coun-
sci
Evening star., 1925-07-03
Merget Rights Sought.

The Norfolk and Western Railroad
made formal application today TO the
Interstate Commerce Commission for
permission TO take over the Nirginian n
railway under a 999-year lease BY
contracts completed last May the Nor
folk and Western will assume all the
Indebtedness of the Eirginian line and
will pay per cent dividends on it's
common and preferred Stock
Evening star., 1925-07-03
Personal Mention.

Howard Moran, vice president of the
American Security and Trust Co, with
Mrs. Moran. left Washington this
morning by motor for months trip
North, probably taking in a section of
Canada before they return.
Francis NJ. Savage, president of the
Central Savings Bank. is taking a
short vacation at E,astOn, Md
Evening star., 1925-07-03
SELLING PRESSURE
NOTED IN BONDS
Traders Even Up Accounts
Before HoIiday-U. S.
Issues Irregular.
BY GEORGE II. HUGHES.
pecial Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, July 3.-While there
was some reaction in the United States
Government bond list, notably in the
two Treasury issues. from the high
points of the day before, the general
bond market was distinctly firm
throughout the days trading, and the
first IA Liberties made new high.
The drop in the reserve ratio of
Federal Reserve System shown in
the weekly bank statement to ap-
proXimately the low point of the year
was without effect upon bond prices
on the belief that this condition was
only temporary and incident to mid
year shifting of funds. On the other
hand, there was no inclination TO bid
up quotations and activity was only
moderate.
Rail Bonds Stand Out.
New York Central 3i2s stood out
among the high-grade rails. Northern
States Power 5s among the utilities
and Chicago, Terre Haute and South
eastern 5s and income bonds among
the more speculative rails. Advances
were also recorded by American Smelt-
ing and Refining 5s, Armour OF Della
ware 512s and Chicago Great West
ern As. The gain in the last named.
however. was subsequently, lost. De
troit United 412s. which had such a
sharp advance Thursday, reacted to-
day. Sinclair OIL 6s were lower. as
were also at one time Skelly Oil 62s.
Today's New Offering.
Brisk dealing in French issues fea
tured the foreign list. Prices were not
much changed, but the tone of the
market was good
The most important new offering
was $4,000 900 Chicago Sanitary Dis
triCt serial As, to yield from $50 To
1 per cent. Several new foreign of
ferings are scheduled for next week
among them one of $25, ,0G0 900 to
Bavaria.
Evening star., 1925-07-03
Issues Warning to Investors

The Better Business Bureau OF
Washington. in a special bulletin. calls
attention to real estate transactions
in this city known as the Free Lot
System"
The bureaus circular states thGS
quarry is first interested by the off&
OF "a small. moderately priced lot for
a still more nominal sum. Upon in
spection of the small lot. the prOspec-
tive buyer is thus prevailed upon 10
purchase a much larger tract. the
sellers value of the original lot 10
be deducted from the price Of the
larger one.
The bureau holds that if company
can afford TO sell the so-called "ad-
vertislng lots for a nominal sum
then there is no justification in the
claim that the lots are valued at con
siderably more, and certainly no jus
tification in charging more for them.
Further. the bulletin points out that
If the company cannot afford to sell
all of these lots for the nominal
amount mentioned in their communi-
cation. il is then an admission that
they get their prospects out on the
property by triCkery and trust TO
salesmanship to load them up with
something else. The prospect when
going TO the property has no thought
Of investing in real estate Why
should he when he has been fortunate
- enough tG get desirable lot for
u small sum
Evening star., 1925-07-03
Unlisted Securities Prices.

The following latest bid and asked
prices for unlisted securities are quoted
for the guidance of holders of these
issues:
Evening star., 1925-07-03
LWAY COMMON {
MAKES NEW HIGH
Trading Lively Today on Lo- Y
cal Exchange-0ther
Financial Notes.
BY CHAS. p. SHAEFFER.

"A pTe-nolldaN attendance failed TO
dim the ardor of the local stock
exchange this morning. when
sparse attendance brought out strong
prices in trade of moderate volume.
Attention of the trade was centered
on no particular issue. Washington
Gas stock, which has been recover
ing for several weeks. sold in small
valume at So, and Railway common.
unusually quiet since declaration of
the special dividend some weeks ago,
made a new high on the present
movement. when 10 shares sold at
lO3% Lanston Monotype squalled
the best price Of the year when 80
shares brought 85
Capital Traction which files report
of it's earnings the first Of next week.
sold at par and a half on d restricted
number of shares. and Riggs National
Bank was active to the extent of odd
lots at 1853. fractionally under the
years best level. Railway preferred
brought S37s and Mergenthaler 1884
and l7S12. On the unlisted section
IT shares of Chaplin Sacks s per cent
preferred brought 9S
Bonds were strong. Railway gen
eral and refunding 6s sold at 1929
and Gas 6s of '33 sold in large denomi-
nations at 1032S. Anacostia and Po-
tomac Railroad 5s, a heretofore in
active issue, brought 91l1.
Evening star., 1925-07-03
TREASURY CERTIFICATES.

Quotations furnished by Redmond & Co
In
Evening star., 1925-07-03

fPartly extra. Playable in preferred stock.
Dividend rates 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
Aiyi69a6a &xa4 Ast inclRdsde ...Z..-..,~s
The Washington times., 1925-06-24
81 900, 900 GEMS SHOWN
WITH DIAMOND CUTTING

An unusual and interesting dIA-
nond cutting demonstration and OK.
hibition of a cool $1,000, 900 worth
CT bedaZzling gems is attracting
crowds Of spectators to the jewelry
store of Charles Schwartz and Sons.
7O8 Seventh street northwest.
The exhibit is said to be the
largest and mosts varied display OF
cut and uncut. mounted and un.
mounted diamonds ever shown in
the National Capital.
In addition to the diamonds,
everything new in the way OF
mountings also is being shown. a
fascinating part of the exhibition is
a specimen of blue clay with a
large rough diamond embedded in
it.
This specimen was imported from
the De Beers diamond mines in
South Africa and is said to be the
only one in America.
Another feature is the cutting of
diamonds by an expert lapidary III
the front show window. Persons
who have wondered how a piece of
rough dull-looking crystal, is trans.
formed into a gem with many
sparkling facets, can have their
curiosity satisfied by watching this
expert.
The Washington times., 1925-06-24
SMALLPOX HAS
RUN COURSE
IN D. {.
Outbreak OF Disease Ended
With Discharge Of Last
Patient

Washington's smallpox outbreak
Is definitely ended. Doctor J. g.
Cumming. Chief of the Contagious
Disease Bureau Of the District
Health Department, announced to.
day.
The last patient at the District
Smallpox Hospital, Mrs. Mary Shur.
man, 500 B street southeast, will be
released today, recovered. She was
sent to the hospital on June 2. the
last case Of the disease reported
this year.
Washington has always had small.
pox, but it was not until the first
part of this year that the disease
appeared in violent form. Shortly
after January ]. the first death
from the malady in the District in
nineteen years was reported. The
disease rapidly spread.
Fifty-nine cases of smallpox were
discovered between January / and
June 2, twenty persons dying. Most
of the cases were known as con
fluent or Very serious either cauS-
ing the patients death or leaving
him or her badly SCARED.
In several cases two and three
members of a family were wiped
out.
Soon after the disease began
spreading, Doctor William c. Fow-
Ter, District health officer. appealed
to the people of Washington to
take advantage of vaccination. The
Federal Government likewise broad
cast an appeal to it's employees,
About 10000 persons were vac
cinated.
Health officials believe that whole
sale vaccinations had much to do
with the curbing of the disease.
In one instance Doctor Fowler
located a case of smallpox in the
home Of a colored man In the
suburbs, Just off Bladensburg road
northeast. In this house fourteen
children were living. Unable to
satisfactory fumigate this home.
Doctor Fowler burned 1t down.
The Washington times., 1925-06-24
RESERVE OFFICERS HERE
TO MUSTER DEFENSE DAY

A muster of all reserve officers
of the Washington district will be
held on Defense Day. July 4, it was
announced today by Lieutenant Colo
mel John Scott, executive officer in
charge.
Assembly for muster will be held
in the exhibition room of the Wash
ington Auditorium at 9 a. m. Re-
serve officers were notified that
they will be expected to be present
in uniform. There will be music by
the 343rd Engineer Band and a
short talk and reception by a
prominent army officer.
Reserve officers were told that
they are expected to assist in the
enrolment ofA the one.day volun.
teers. Reports may be made by the
officers in person or by mail SO. as
to reach headquarters Of the Wash
ington units, 1902 e street north
west, by July 4.
The Washington times., 1925-06-24
HELD UNABLE To
MANAGE HIS
AFFAIRS
William carIey Loses In 40
ton Brought Against Him
BY His Son

Following proceedings brought by
Michael Carley against his father.
William Carley, sixty-nine years old,
1903 Holly place northwest, a jury
in the District Supreme Court. Chief
Justice Mccoy presiding, today adj
judged the elder Carley of upsound
mind end incapable OF handling his
property and other business affairs.
The father had remarked, and the
son alleged that he had decided away
three parcels of real estate.
Represented by Attorney w.
Gwynn Grd.ne the son stated that
his father owned sixteen pieces of
real sstate, mostly under rental,
returning a large sum monthly.
Young Carley declared his father
was unable to handle his business
affairs and in an answer. filed
through Attorney Rosa F. Down
ing. the father admitted he had
heen i'll. but declared that his pres
ent wife, whom he married in 1915,
had attended to him better than
any paid nurse would have done.
and has with his full knowledge and
consent arranged his business at.
fairs. AlieDists testified on both
sides, some of them holding Carley
sane while sothers declared him
mentally incompetent.
The Washington times., 1925-06-24
lgTHST |GHTs
OPPOSED By
RUD0L PH
Commissioner Voted Against
Making Test on This
Thoroughfare

Although the District Commits,
sioners have formally approved traf.
fic lights in Sixteenth street, Com
missioner Cuno II. Rudolph today
made it known that he vigorously
opposed lights on this street
When the matter came before
the Commissioners yesterday I
voted against it, he said. II was
overruled by majority OF the
Commissioners
Commissioner Rudolph said he
would abide by the decision Of Com
missioners Bell and fleming and
make no further objection.
Sixteenth street is not the logical
highway for an experiment OF this
kind" Mr.. Rudolph said. There are
a half dozen or more streets where
the triffic lights could better have
been tested. would have preferred
Pennsylvania avenue to Sixteent tn. /"
Many protests against erection of
these lights on Sixteenth have Leen
received by Commiss oner Rudolph,
and he gave considerable study TO
the proposal.
Plans for the installation Of 1O1
lights on Sixteenth street went
ahead today. NJ o. Eldridge, direc
tor of traffic, is seeking to find
some way to erect these lights on
the new lampposts which will be
erected on the street.
IF we can put these traffic sig.
nails on the new lampposts, it will
not only materially reduce expense
but add to the beauty Of the lights
generally, Director Eldridge said.
Director Eldridge and Inspector
Ernest w. Brown, head of the po-
lice traffic bureau, toured the city
yesterday to select corners on
which % new traffic policemen
will be located after July /.
The Washington times., 1925-06-24
D. c. PERSONAL
TAX IS DUE
IN JULY
Assessor w. p. Richards Plans
100 Per Cent Collection
This Year

Seventy.five thousand residents
OF the District must file personal
tax returns in July and campaign
for 100 per cent filing has been
launched by William p. Richards,
District tax assessor.
Blank forms have been printed
and police are now distributing
60, 900 Of them. This is the first
time the tax assessor has attempted
to deliver these forms.
twenty-five thousand persons
failed to make returns last July, "
Assessor Richards declared today.
Consequently, as required by law,
their assessments were increased
20 per cent.
The assessors office will be open
from 9 to 8 daily during July to
receive returns.
"The board Of assessors will be
on the job to aid citizens" Mr..
Richards says. Members will give
out information, aid in filling out
the necessary form and administer
oaths without charge.
There will be little inconvenience
in filing returns, We will have
sufficient employees on hand to care
for g. large number of people. AL
though we handled more than 10000
persons last year, the average waiS
in line was not more than three
minutes"
In addition to the distribution Of
forms to, all persons known to be
liable for a personal tax, police put
forms in the mail boxes in every
apartment in the city. Lack OF
funds prevented distribution Of these
forms by mail.
Every person owning an automo-
bile on July /, whether he has paid
for the car. or is buying it on the
partial payment plan, must file a
return. "
Penalties last year for failure to
file returns totaled $4,000.