davidaulloa/AmericanStories huggingface dataset:
El Mundo. [volume] (San Juan, P.R.) 1919-1990, 1925-09-25

cE ALQUILAN en- Salvador Brau
IS tres hermosos apartamentos
propios para consultorios de m6di-
COS o abogados. Precio reducido. In
formes en- los bajos, Mandez Cigar
Store. 9-2S
El Mundo. [volume] (San Juan, P.R.) 1919-1990, 1925-09-25

CE ALQUILA habitaci6n amplia
,en casa familia. para caballero
solo, de buenas costumbres y que
da buenas referencias. San Francis
co .46, Mirador, Telefono 861 verde,
San Juan. $50
El Mundo. [volume] (San Juan, P.R.) 1919-1990, 1925-09-25
.nI.ARES.

COLARES: En- magn1ffco sitio,
Parada IA, Carretera Nueva. Mi
ramar. No necesita. tener todo ell di-
nero. Informes: Apartado 541, San
Juan. Tel6fono 135 rojo, Santuree
1910
El Mundo. [volume] (San Juan, P.R.) 1919-1990, 1925-09-25

NENDo CAIRO BUICK. De uIti-
tinios modelos, buen estado, pre-
clio razonable. Tomaria en- cuenta
uno menor precio. Tanca 8, tercer
piso, telefono 915, apartado 451, San
Juan. $50.
El Mundo. [volume] (San Juan, P.R.) 1919-1990, 1925-09-25

VENDEMOS. Fincaa r0sticas =
urbanas en- Bayamon. Casas en-
Santurce. Precios especiales y IA
cilidades para pagos. Tenemos d.
nero para hipotecas. Informaran,
Rafael PesQuera Edificio EL NUN
DO, Tel. 157, Jose O. Umuierre, ca
lie AEartf d. Bayam6n. p.
El Mundo. [volume] (San Juan, P.R.) 1919-1990, 1925-09-25

CE VENDE en- $500 la maQuina-
ria que fue de la Compaffa Ia
bacalera, con capaeidad para hacer
100000 cigaSrillos en- ocho horas
de trabajo. Su costo primitive fu4
de $1,000. Para mas informes Tel.
1873. Santurca 1913
El Mundo. [volume] (San Juan, P.R.) 1919-1990, 1925-09-25

~ CE ALQUTLAN habitaciones fres-
-. cas- y ventiladas para condisionis
cas- hombres solos. Altos del Cine
Popular, tercer piso, Luna 80. Para
informes lame al 1885, S. J. P
El Mundo. [volume] (San Juan, P.R.) 1919-1990, 1925-09-25
QE ALQUILA N apaftament0 m0

derno colnpuesto de euatro dor
Eaitorios sala, comedor demas co
xnodidades, en- la Gale Infanta I.ui-
sa No 2 Infor1nardn en- la Joye-
8. Tia J. P. Bouret Inc, San Justo
Ne. H. P.
El Mundo. [volume] (San Juan, P.R.) 1919-1990, 1925-09-25
4 GRIMENsOR Z TOPOGRAFO !:

Ofrece sus servicios professional
les en- Puerto Rico Santo Domingo.
C. Torres Maldonado, Box IS, San
Lorenzo, p. r.. 9-27
Evening star., 1925-02-01
BRITISH INDUSTRY
IN SERIOUS STATE
Unemployment on Increase
and Orders for Ships
Nearly All Filled.
By the Associated Press.

LONDON, January 31.-The months
economic feature Is the approach Of
the sterling dollar rate to parity and
the consequent talk OF return to
the gold standard, says the American
Chamber Of Commerce's summary of
British trade for January.
While calling attention to the i'm
mense expansion Of British imports
in 1924 as compared with 1923. the
summary also notes the serious dis
content among labor. particularly the
railway men and coal miners, and
gives the number Of those unem-
ployed as 1,269,T TOO, which IS 1879
more than q year ago.
Regarding shipbuilding, the report
shows that 500 vessels, totaIing
1,4O8,848 tons, were constructed in
1924, as compared with 591 vessels
of 685,147 tons In 1929 bur it adds
that the orders in hand are almost
exhausted and the position and out
look are exceedingly grave.
The coal output for 1924 was 268,-
10000 tons, against 278,50l,000 in
1923.
Evening star., 1925-02-01
AUTO, SHOE, LEATHER, TEXTILE
MERGERS PREDICTED BY BABSON
Big Consultations Likely During Year to Cut Costs
of Ouerhead, Output and Selling
of Goods.

in O. total producing capacity In ex-
cess of normal demands. During the
depression-which, according to the
law of action and reaction. Is bound
to follow-each industry gets into a
position where 1t IS making no
money, and is subject to cut-throat
competition
Consultations Necessary.
The only way out is to reduce
overhead, eliminate unnecessary
competition, and produce and sell
economically. This can be accom-
plished only through consultations
which. when properly consummated,
reduce the cost both of manufactur-
Ing and selling. There is no reason
why the present year should be an
exception TO the rule. History is
bound to repeat itself, and the stage
is now set in almost all Industries
for such consultations.
1t is true that bank clearings are
higher today and that a great guam
tity of goods are being consumed, but
the average manufacturer is now
making little profit, owing to the high
cost Of manufacturing and selling.
This condition cannot continue in
definitely and, If such cons solidations
do not take place, then the weak
concerns Will be eliminated through
bankruptcy.
Fear Delays Rail Mergers.
OF course, consultations Of the
railroads is now being anticipated
by all. Both the Government and the
security owners are united upon the
need for such combination. The main
thing blocking these railroad con-
solidations seems to be the fear of
certain railroad officials, attorneys
and specialists who may lose their
jobs as a result. However, these
consultations are inevitable and the
action OF the rails on the stock ex-
change is now discounting them.
Consultations among the industrials,
however, are just as surely ahead of
US. This will be accelerated by for
eign competition.
Personally I do not fear foreign
competition SO far as the next year
| or two is concerned, as IT will take
Europe some time to get organized
! industrially so that Ii can ship low
cost goods In large quantities. The
real foreign competition will come
three to five years from now; and
when this comes 1t will come with
| a vengeance.
Urges Prompt Action.
Wise are those manufacturers who
! refuse to wait, but now get together
and prepare for IL by reducing over
head, lowering costs on manufacture
ing and by developing efficient sales
/ organizations abroad as well as al
/ home.
! / referred specifically to the pos
! sibiiity of drastic consultations in
! the automobile industry, the shoe
and leather industry and the textile
! industry. General business is again
above the normal line, registering
! . per cent compared with IL per cent
| below normal six months ago. l believe
| that during the next two months the
| index will continue 10 climb.
Evening star., 1925-02-01
GOLD MINE DIRECTOR
is ACCUSED OF FRAUD
BY the Associated Press.

LONDON, January 31-Joseph Myers
of Winnipeg, Manitoba managing :
director of the Bingo Gold Mines in
Manitoba, was arraigned in the Bow
Street Police Court yesterday on a
provincial warrant issued under the
fugitive offenders act. The warrant
charged Myers with fraud and with
having circulated, as a director, false
statements relating to the Bingo
mines.
The magistrate ordered Myers re-
manded and denied an application for
bail. The detective who arrested
Myers testified that when he read
the warrant to him, Myers said:
There is nothing in this. It is just
like blackmail. 1 was going to re-
turn to Winnipeg a week from tomor-
row"
The lawyer for Myers said his client
came to London to attend the annual
meeting of the company, which was
held Wednesday.
Evening star., 1925-02-01
MORE TOBACCO ON HAND.

Leaf tobacco held by dealers and
manufacturers on January l aggre-
gated 1,713, ,669, S95 pounds. compa red
with 1,651,930,177 pounds on January
l a year ago, the Census Bureau an
nounCed today.
Chewing. smoking, snuff and export
types totaled 1,266,0S2,9SS pounds,
compared with 1919, 9,694,350 a year
ago; cigar types, 371,043,245 pounds,
with 35S,256,222, and i'm
ported types. 76,543,662 pounds, COM
pared with 73,979,605.
Evening star., 1925-02-01
FOREIGN EXCHANGE.
By the Associated Press.

I'y UTE AsEVtIdTtU FFess.
NEW YORK, January 3l.-Forefgn
exchanges firm. Quotations in cents:
Great Britain, demand, 4791a. cables,
479&; 60-day bills on banks 476$s !;
France, demand, 542la; cables, 5.42;
Italy, demand. AIS; cables, 4.181a;
Belgium, demand, 5.191a; cables, $40;
Germany, demand, 23.80: Holland. de-
mand, 4o.2S; Norway, demand, 1881;
Sweden, demand, 26.93; Denmark, de
mand, 1886; Switzerland, 1890; SPAIN
demand. 1892; Greece, demand, III;
Poland, demand, 19 u CzechosIovakia,
demand, 2.SS; Jugoslavia, demand,
1871; Austria, demand, .0014ls
Rumania, demand, .52A; Argentina,
demand. 40.12; Brazil, demand, 1856,
TOXIC, demand, SO 9-16; Montreal,
SO 31-32.
Evening star., 1925-02-01
STEEL HOLDS FIRM
ON GOOD BUYING
Copper Demand LagS-Lead
Cut $5 Per Ton-Zinc
Market Easier.
BY the Associated Press.


NEW YORK. January 31-The
steel market has continued very firm
during the past week, with advances
in some descriptions. Railroads and
automobile manufacturers have been
good buyers and, despite the high rate
Of production. bookings by Steel Cor
poration during January are expected
to show fair gains. Foreign competi-
tion at the seaboard is becoming
rather more noticeable. Pig iron was
quiet and the uudertoue OF the market
was easier owing to declines in old
metal and larger offers from abroad
Demand for Copper LaEs.
No Improvement has been reported
in the demand for copper. Domestic
consumers appear to have covered
their requirements for the next 80 or
so days and are showing little imme-
diate interest in the market. Mean
while sales by second hands appear to
be supplying the demand abroad and
resales have been reported in Ger
many at prices equivalent TO about
1856 for eIectrolytic f. a. 5. New York.
The hull in demand, however, does not
appear to have weakened the price
Views Of producers and no selling
pressure has developed with sellers
generally unwilling to consider any
thing below 145s for electrolytic de-
NVered.
Tin was slightly easier following
the decline in London and in other
metals. Consumers were fair buyers
at inside prices, but offers were in
excess Of demand.
Price of Lead Declines.
Lead was cut So a ton, the decline
being brought about largely by the
easier market abroad.
The domestic markets for zinc were
easier as a result of weakness abroad.
The demand was not active, although
consumption was well maintained.
The demand for artimony was quiet
but spot prices were firm owing to de-
iayed arrivals of several vessels from
the Far East.
Evening star., 1925-02-01
RECEIVER is DENIED.
Boston and Maine Bond Issue
Cause of Legal Action.

CONCORD, y. H, January 31.-F'ed-
eral Judge Morris today denied the
petition of Edward f. Brown of
Ipswich, Mass, and others for the
appointment Of temporary receiver
for the Boston and Maine Railroad.
Counsel for the petitioners said that
a bond issue of 100000 would ma
ture February ? and the railroad
would be unable to retire it. Presi-
dent James f. Hustis of the road said
that 80 per cent Of the bondhoIders
had agreed to withhold temporarily
presentation of their holdings.
Judge Morris said he had some
doubt as to Jurisdiction.
Evening star., 1925-02-01
BOND TRANSFER PLANNED.

NEW YORK, January 3I-The
Western Pacific bid for the $1,000, 600
Denver and Rio Grande Western Rail-
road Company's refunding and i'm
provement 6 per cent bonds, series A,
has been accepted and it will take
over the bonds in return for $1,000
600 advanced during reorganization Of
the Denver road. The Interstate Com
merce Commission required that bids
for the block be submitted, as the
road has an interIocking directorate.
Evening star., 1925-02-01
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

DETROIT, January 31.--It is be-
Iieved certain that the governor will
sign the cents a gallon gasoline tax
law and the law which taxes pas
aenger automobiles So cents a hun
dred pounds and trucks 65 cents to
SIPS. The revenue from the gasoline
tax is expected to be S6,500,000 a
year and from the weight tax
$14,5O0,00G.
ATLANTA, January 31,-Bankers
associated with the cotton industry
declare cotton acreage in the Eastern
belt will probably be curtailed enough
to offset heavier planting in the West
unless there is an advance in price
soon.
FORT WORTH, January 31.-An-
other advance in the price of crude
oil is expected in this section and
preparations are being made for ex-
tensive drilling in both wildcat and
proven territory.
Evening star., 1925-02-01
INDUSTRY DOING WELL.

BALTIMORE, January 81 Especially
Industrial leaders here are well
pleased with the situation, both To-
cally and generally. They point out
that an expansion Is taking place
without any evidence of a boom that
in the end might mean imitation.
There has been no wild rush to pile
up inventories and price advances of
leading commodities have been mod
crate.
Evening star., 1925-02-01
WOOL MARKET QUIET.

BOSTON, January 31.-The week
and the month in the raw wool
market closed with one of the quiet
est days in a long time. Prices We're
generally unchanged and dealers still
insist there is no Likelihood of a mate
rial reduction. Some business in low
grade South American woods has been
done in the past few days at 81 and
Los for 4S-50's.
Evening star., 1925-02-01
CLOTH SALES IMPROVE,
Dry Goods Market Picks Up in Sat
urday Trading.

NEW YORK, January 3L-Cotton
goods markets were firmer today with
more active sales in print cloths, per
Gales, prints, ginghams and some of the
heavy goods. Wash fabrics are moving
moderately. Yarns were somewhat firm
er and some large insulators have been
trading. Raw silk was firmer with the
domestic demand still of a cautious
character. Wool markets were stead
ier than early in the week. Burlaps
showed little change, while linens
seemed quieter for the week.
Evening star., 1925-02-01
NAVY GIVEN CRUISER.

PHILADELPHIA, January 81 (Spe-
cial).-The light cruiser Memphis was
delivered to the Navy Department to-
day by Cramp & Sons. The Memphis
established a record Of 34.63 knots
an hour for four-hour run on her
trial trip. She Will be commissioned
next Wednesday.
Evening star., 1925-02-01
FLOUR S1O.75 A BARREL.

NEW YORK, January 31.-FIour
unsettled; Spring patents, 10.25a1O.75:
soft Winter straights, 10.I5alO.4o;
hard Winter straights, 9.S5a10.IO. Rye,
tfm; No. ? Western, 1888 f. O. b.
New York and 1.819s c. i. f. export.
Barley, strong; mailing, 1.14a1l8
c. i. f. New York. Lard, easy; Mid
die West, 16.25a16.335. Other articles
were unchanged.
Evening star., 1925-02-01
HIGH SPOTS OF WEEK..
Commodity and Oil Markets Draw
Special Attention.

NEW YORK, January 31.-Estab-
lishment of the highest price by May
wheat since the wartime above S2.05
bushel; heavy buying of the petro-
leum and southwestern railway
stocks, most of which attained their
highest prices in a year CIR longer;
new financing Of almost record oreak-
ing proportions, and the continuance
of easy money rates despite heavy
gold shipments and expanding bust
ness, were the high spots Of this
weeks financial and commodity mar
kets.
Evening star., 1925-02-01
NEW YORK DAIRY PRICES.

NEW YORK, January 31-Butter
firm; receipts, s,764 tubs.
Eggs--W eaker; receipts, 8,155 cases;
fresh gathered, extra firsts, 561aa58:
do. firsts, 55a56; do. seconds, 52a54;
nearby nennery browns, extras, 61a
81; Pacific Coast whites, extras, Goa
81; do. firsts to extra f1rsts, 57ka59L2.
Evening star., 1925-02-01
PARIS MARKET UNSETTLED.

PARIS. January 31.-Prices moved
frregularly on the Bourse today.
Three per cent renter, 4S francs As
centimes.
Exchange on London, So francs 40
centimes.
Five per cent loan, So francs rs
centimes.
The dollar was quoted at IS francs
- centimes.
Evening star., 1925-02-01
BY ROGER w. BABsON.
Special Dispatch to The Star

Special Dispatch to The Star
BABSON PARK. Fla, January 81
Owing to the rapid rise in market prices
since the election, and noting recent err
ratio conditions. many wonder if the
market has not seen its highest prices.
Ihe most experienced observers, how
ever, do not believe the highest prices
nave yet been reached and give for their
reasons the improved domestic stu
alton, the plentifulness of money for
legitimate purposes, the restoration
or europe, and the conservative ad
ministration In Washington.
All these favorable conditions exist,
yet there is another impending de
velopment which may be even q
greater factor than any of these
mentioned / have in mind the
probability of number of consoli-
dations among the industrials, as
Wen as the railroads, during 1925
lf the market has already discounted
these consultations. then 1T may be
around top prices; but otherwise
many stocks should go higher before
the present bull market eliminates.
First Depression in 1880.
The first industrial depression this
country ever witnessed was in the
3os, and the first consultations came
at the close of that depression. The
fact is that these consultations
paved the way for the better times
that followed. The next great de-
preston came in the sos, and this
was followed by further consolida-
Ions and the first great bull market
Ihese consultations especially af-
fected the banks which had grown
up like mushrooms in the 20 years
previous.
The next depression came with the
panic of 73. This in turn was fol-
lowed by a third era Of consolida-
tions. This time railroads were
prominent. The next great depres-
sion came in the COS at the time of
the Bryan free silver scare. This
eliminated with the Spanish-Am
can War and was followed by the
tirst consolidation era of the indus
trials.
Big Industrial Mergers.
1t was in this period that the
United States Steel CORPORATION.
Amalgamated Copper Co, American
Woolen Co. and various other indus
trials were put together. In conjunction
with these consultations the market
rose TO great heights, eliminating in
1906. In this study it is interesting to
note that these eras have occurred about
20 years apart, or one to each genera
uon. Therefore, as far as statistics
are concerned. we are, on this 2O-vear
basis, ready for another era of such4con-
solidations. although l do not give this
as my reason for feeling that such an
era is now approaching
The real reason for such consoI-
dattons is that during a period OF
prosperity a large number of new
concerns. in every line Of business
spring up, old concerns expand. and
almost every industry becomes in
iated and spreads out. This results
Evening star., 1925-02-01
DEBT MATTER HELD UP.

NEW YORK, January 31.-No tangible
basis for q, resumption Of interest pay
ments on Mexico's external debt was
reached at informal conferences held
during the past week between inter-
national bankers and Alberto J. PAM,
Mexican minister of finance, it was an
nounced today by Thomas w. Lamont
chairman of the international commit
tee Of bankers on Mexico.
Evening star., 1925-02-01
SHOE WAGES INCREASED.

HAVERHILL, Mass, January 81
An increase Of Is per cent in piece
work prices on fancy shoe stitching
in Haverhnl shoe factories was an
nounced today by Edwin Newdick
chairman of the shoe board. The in
crease, which will affect 500 workers,
was said to be equivalent to an ad-
ditional 11a cents per pair in labor
cost on moderately fancy"
Evening star., 1925-02-01
RIBBON PROFITS DROP,

Net profits of the Century Ribbon
Mills fell off in 1924 to $33S,670, equal
after preferred dividends to S2O7 a
share on the common stock, against
S491, ,039, or $3.51 share, in 1923
Net sales were $4,32o,077. a decrease
of about S670,000.
Evening star., 1925-02-01
EXPORT TRADE JUMPS.

SAN FRANCISCO, January 81 (Spe-
cial) Exports to the Orient and
South America from this port are ex-
pected to exceed S2O0,000,00 this year.
Export trade here has gained AZ per
cent since 1921.
Evening star., 1925-02-01
FLOUR UNCHANGED.

MINNEAPOLIS, January 31-Flour
unchanged, shipments 1869 bar
rels Bran 1900. Wheat, No. / north
ern. 19214aLs65 May, 1861 July.
1867. Corn, No yellow. 1.24a125.
Oats, No. white, 55 u a56 =. Fax,
No. J. 8.241z a&.281a.
Evening star., 1925-02-01
BUTTER PRICES HIGHER,

CHICAGO, January 81 Butter
higher; creamery extras, SO u stand
ards 40; extra firsts, 81 y ass 12 frsts,
30 aa36 Il; seconds, 32a34
Eggs lower; receipts, 1867 ca ases.
hrsts, At; ordinary firsts, 43a44; re-
frigerator firsts 41a42
Evening star., 1925-02-01
CLOSING SPOT COTTON.

NEW ORLEANS, January 31-Spot
cotton, steady, Is points up: sales on
the spot, 1874; to arrive, 667; low mid
ding, 22.50; middling, 23.90; good
middling, 2450
Evening star., 1925-02-01
WEEKLY BANK REPORT.

NEW YORK, January 31.-The ac-
tual condition Of clearing house banks
and trust companies for the week
shows an excess in reserve of S52,-
e2S.1G0. This is an increase of sl0,-
4l1,460 compared with last week.
Evening star., 1925-02-01
International Bank Shows
$5OO,OOO Cain in Resources
Annual Statement to Stockholders VIII
Report ASSETS of S2,752, ,723-Otl,er
Financial Comment

banks and trust companies and in
the interests of uniformity has been
prepared by the general council of
the American Bankers Association,
which reads as follows:
I'm receiving items for deposit or
collection, this bank acts only as de-
posttor's collecting agent and as
Sumes no responsibility beyond the
exercise OF due care. All items are
credited subject to final payment in
cash or solvent credits This bank
will not be liable for default or neg
iigence of it's duly selected corre-
spondents nor for losses in transit
and each correspondent so selected
snail not be liable except for it's own
negligence. This bank or it's corre-
spondents may send items, directly
or indirectly, to any bank, including
the payor, and accept it's draft or
credit as conditional payment in lieu
OF cash; 1t may charge back any item
at any time before final payment,
whether returned or not also any
item drawn on this bank not good at
close OF business on day deposited"
Trust Company Banquet Plans
Advance reservations for the four
teenth annual banquet of the trust
companies of the United States, un-
der the auspices of the trust com
panles division of the American
Bankers Association, give promise of
d record attendance. 1t will be held
on the evening of Thursday, Febru-
ary ~, at the Commodore Hotel, New
ofk city. Lucius Teter, president of
the Chicago Trust Company and pres-
ldent OF the trust company division,
VIII preside. Speakers Will be Sir
Henry Thornton. chairman of the
canadian National Railways, and
president Ernest Martin Hopkin. of
Dartmouth University.
Plans for the midwinter conference
or the trust companies of the United
states include discussions on timely
SUBJECTS and reports from various
committees. This conference will be
cuIininated and concluded by the
banquet.
Unlisted Securities Prices.
Inc following latest bid" and
asked prices for unlisted securi-
.ies are quoted for the guidance of
holders of these issues:
BONDS
Evening star., 1925-02-01
FLORIDA REAL ESTATE.
FLORIDA
West Coast Resorts.
"CI.E.ARWATE 9

CLEARWATER"
where the sun always shines. 1t
has the finest bathing beach on
the West Coast. Only l9 miles
from St. Petersburg. We will
furnish you direct auto or train
route to
CLEARWATER
and give you letter of introduc-
ton to our representative, who
will direct you to all the resorts
on the West Coast.
AFFLECK REALTY CO.,
607 18th st.
Evening star., 1925-02-01
BY CHAS. II. SHAEFFER,

Resources of S2,752,723 as of Jan
uary 2, 1925, a gain of more than
$500, 600 in the last II months, will
be reported by the International Bank
at the annual meeting of stockhold
ers, to be held tomorrow, according to
statement made public last night by
John X. Waller, president of the insti-
tuition.
The growth of this institution in
the last five years has been noIe-
worthy. Although not a bank on de
posit, this institution has occupied,
nevertheless, an important position in
business and banking circles of the
Capital. Its steady wth--from
$22S, 700 in 1920 to $2,752,72S in 1925,
-testifies to an able administration by
John +. and a. c. Waller, and Thomas
b. Lawler, it's founders.
Stockholders last week received div
idend checks aggregating 100000 on
the Sl,106,000 of stock outstanding. In
the five years of its existence the
bank has disbursed cash dividends
amounting. to $40 a share and stock
dividends of $35 a share.
A statement of the banks condition
as of January 2, 1925, which Will be
submitted to stockholders tomorrow,
follows:
Evening star., 1925-02-01
Unlisted Securities Prices

The following latest bid" and
asked prices for unlisted securi-
Hes are quoted for the guidance of
holders of these issues:
BONDS
Evening star., 1925-02-01

A standard form of collection
agreement for the protection of