davidaulloa/AmericanStories huggingface dataset:
Evening star., 1925-09-12
GENERAL BUSINESS IMPROVING.
BABSON, ECONOMIST, DECLARES
Crops, Foreign Commerce, Bank Cearings, Freight
Traffic and Retail Trade Encouraging.
Clouds Also on Horizon

yield. and at prices which will be sat
isfactory TO the South.
For a time the Texas crop has been
holding the center of the stage owing
to the specially bad conditions in the
central counties OF that State. Yet
conditions change very rapidly in
Texas, coming up almost as quickly
as they go down, and 1t Is very pos
sible that the Texas crop will be con-
siderably more than the earlier cur
rent reports indicated.
Exports are showing some little re-
covery from their low point of June,
while imports are running along about
the same as daring the preceding six
months. Both the exports and i'm
ports of August exceeded those of
August, 1924. For the eight months
of the calendar year we have balance
of trade, on the export side, of over
$500, ,00O, 900, which IS in excess of the
first eight months of 1924.
Continued on Nineteenth PageJ
Evening star., 1925-09-12

Is in room by itself and the coal
bins are nearby. Closets for fruits.
shelves, bins, storage pace-what a
mine of comfort such a basement
would be for those who have had to
live in an apartment in 2 rlty! They
would be like the tiny Iirl with her
Christmas toys who was SO happy
that she was uncomfortable"
This design would be charming if
wood construction were to be used a nd
would of course be less expensive.
However, we feel sure that this house.
built in every way as shown. would
not go beyond the means of any who
are contemplating the building of
home.
If built on a 50-foot lot there would
be "A chance for garden as well as
driveway TO the garage. And no
house should ever be built on a lot
too small for a garden. because a
garden is one of the direct paths to
happiness.
Since the prices of material and
Evening star., 1925-09-12
FALL IN HOUSE RENTS
FORECAST IN BALTIMORE
Increases Predicted in Some Sec
tions on Apartments, Real Es-
tate Men Report.
Special Dispatch to The Star.

special DpSpdlcn 10 Ihr star
BALTIMORE, September "a
House rents in Baltimore will drop
slightly this Fall. according To the
officials of the Real Estate Board. but
the decrease will not be in keeping
with the general decline in the cost
of food and clothing.
c. Philip Pitt, secretary of the
board, said there was a possibility of
a slight inrcease in apartment rents
in some sections of the city, but that
in many instances single dwelling
rents would fall. He continued:
The cost of building materials and
maintenance have not decreased with
other costs. Wages Of the building
trades mechanics are higher now
than ever before.
The cost of furnishing heat and
other service in apartments is also
on the increase, and in the higher
class places there will be no appreci-
able decline in rents, but where these
Condidtions do not exist there may
be slight drop"
Evening star., 1925-09-12
BY ROGER w. BABSON.
Special Dispatch to The Star.


WELLESLEY HILLS, Mass, Sep
tember 12.-Basicly the United States
ls very dependent upon the crops.
During July the grain crops of the
country did not progress very well,
but during August conditions i'm
proved. Although thes wheat crop
will fall below that of last year there
Is little reason for complaint. More
over, the corn crop seems sure to run
in excess of the short crop of last
season, barring possibility of early
frosts. Oats, also, promise a larger
crop than the July report indicated
and the same applies to several of
the other grains.
Despite-the pessimism in crop re-
porting circles we are to have a good
yield of cotton this year. NY own
guess is that it will run around 49,
100000 bales. which is a substantial
Evening star., 1925-09-12

labor vary so materially in different
localities, we do not attempt to give
an estimate as TO cost. but suggest
that you consult your local builder,
who can give you detailed informa-
ton as to the cost of your exact needs
to be installed in this design. For in.
formation as to the procuring of the
building plans of this design, No. 72-L,
send a stamped and self addressed en-
velope TO the Real Estate Editor, The
Star.
Copyright George Matthew Adams)
Evening star., 1925-09-12
Policeman Wilson Dismissed.

The District Commissioners in board
session today dropped from the rolls
of the Police Depa. tment Pvt T. C.
Wilson, who was arrested a few days
ago on a charge of Igamy. Pvt. viii
son was still in his probationary
period. having been a member of the
force less than one. year.
Evening star., 1925-09-12
T. eUtUreS

Atnactvey situated, crowning double the
south side of Rodman Street. little than block
Connecticut Avenue, these SEMIDETACHED BRICK
HOUSES have refreshing outlook upon little wooded val.
ley the bit of brought to
ones front door.
STONE RETAINING WALL guards the lower
and the green OF the terrace Skred with SHRUB
Berry artistiCay placed that the touch of landscape gar
dener is revealed Cement steps hanked by wide
ratings wind their graceful the level house
The comfortable looking FRONT PORCH offers strong
ducement to outside but glimpse through
door-at polished HARDWOOD FLOORS, and ivory enan-
eed woodwork creates stronger temptation step inside
SILVERED BRASS SCONCES the walls of both LIv-
ING AND DINING ROOMS HOLD ELECTRIC CANDLE
STICKS that match the center lights of each Small
paned glass doors open from the dining
parlor BREAKFAST ROOM the back of the house-a
delightful place which entertain bridge luncheon
party of four eight Provided with both light and heating
fixtures the sunparor is practical year round The
KITCHEN the end of the hallway and opening into the
dining sensby planned that experienced house
keeper have coached the architect WHITE PORCE-
LAIN SINK with porcelain drain board attached lust the
right height and placed in just the right spotunde
dow. fine gas range and gloriously ample WHITE ENAM-
ELED KITCHEN CABINET make up the chief appointments
of the kitchen.
Evening star., 1925-07-09
CHICAGO LIVE STOCK MARKET

CHICAGO, July 9.sUnited States
Department of Agriculture.-Hogs-
Receipts. $4,000 head; fairly active:
mostly to shippers and yard traders
uneven: steady TO 15 lower than
Wednesdays average: big packers
bidding mostly Is lower; bulk sorted
$50 pounds upward. 13.65a13.SO: top,
1895: bulk 140 to 115 pound averages.
335al3.60; bulk strong-weight slaugh-
ter pigs. 13.00a13.25: desirable pack
ing sows mostly around 1900: heavy
weight hogs, 12.90a13.75; medium. 1915
a13.S5: light. 12.90a13.S5: light light,
12.75a13.60: packing hogs. smooth and
rough. 11.5oa12.50; slaughter pigs,
12.25a13.25.
Cattle-Receipts, 5000 head: COM
mon and medium steers very slow: no
reliable eutler, spots weak 20 % loUer;
better grades steady to strong; highly
finished yearlings showing most
strength; top matured steers. 1885;
several loads. 13.0oa13.75; prime Ions
yearlings held above 13 so: she stock
steady to strong: bulls 10 to Is higher,
packers.
Sheep-Receipts. $4,000 head: fat
lambs active early; desirable natives
mostly 1900 with light sort; bulk
culls, 10.50a 90; few 11.25a11 so: mar
ket generally strong to % higher; few
sales Western lambs. 14.75a15.0 90: some
held at 1850 and above: nothing done
on feeding lambs; fat sheep strong;
desirable native ewes, 6.00a7.50;
weighty kind, 5.O0a5.25.
Evening star., 1925-07-09
DOWNTURNS NOTED
IN WHEAT VALUES
Weak Liverpool Market Has
Depressing Effect on
Chicago Prices.
Rv the Associated Press.

By the Associated Press.
CHICAGO, July 9.-Unexpected
doWnturns in wheat quotations at
Liverpool had a depressing early in
fuence today on wheat values here.
General selling took place. and the
consequent breaks in price forced into
operation numerous standing orders to
let go of holdings so as to stop losses
at various prearranged limits. Re
ports of cool weather northwest tend
ed also to weaken the market de-
spite assertions that black rust already
has caused to 20 per cent damage
throughout considerable territory in
South Dakota. The opening, 7s to 2l4
lower, September, "A to 1.44l2, and
December, 1852 to 1.45A q was fol-
lowed by something of a rally and
then by new decline to slightly un-
der the initial bottom figures.
Favorable weather conditions, as
we'll as sympathy with wheat, eased
corn and oats. After opening at II TO
13s decline, September, 1.05A to LOS.
the corn market recovered a little, but
soon dropped lower than before.
Oats started at 4 TO y lower, Sep
tember. 465s and later continued TO
sag.
Provisions We're easy, owing to a de-
cline in hog values and in grain.
Evening star., 1925-07-09
STOCKS SELL Off
IN FINAL TRADING
Expectation of Technical
Reaction Suddenly Turns
Market Downward.
BY STUART p. WEST.

Special Dispatch to The Star.
NEW YORK, July 9.-The stock
market was unsettled today by the
break in United States Treasury is
sues, accompanied by sympathetic
weakness in Liberty loans. This was
due primarily to reports, which were
not confirmed, that the Secretary OF
the Treasury was resigning.
The weakness in Government bonds
did not become a factor until after
the first hour. and during the first
hour fully 25 stocks made new high
records.
Days New High Records.
Among these We're United States
Smelling, Virginia Carolina Chemical
common and B stock, Goodrich, which
was up a point; Robert Refs. Metro
politan Edison preferred. which was
up over 3 points; Underwood Type
writer, up over points; North Amer
lean, International Cement, which was
up over points; International Rail
ways of Central America, Famous
Players preferred. Western Electrical
Instrument, common and preferred;
Niagara Falls Power, which was up a
point; Pennsylvania Edison, up 3
points, and American Ice preferred.
Dodge Stock Strong.
The strength in Dodge Brothers A
stock was due to the expectation of a
highly favorable semi-annual report.
The best information was that this
would show earnings at the rate of So
a share.
Studebaker touched 80 again, but
ran into a large supply at that level
and subsequently fell back. There was
heavy profit-taking in the Pierce-Ar-
rows, under which the common sank
nearly points. Briggs Manufacture
ing had a squirt above 43, but the fea-
ture of the motor accessories was Tim
ken Roller Bearing, which had been
doing little for a long while. This
stock on large transactions rose nearly
, points. 1t pays 81 a share and cur
rent earnings are estimated at some
thing like twice that amount.
Fisher Body Scars.
Fisher Body on reports on a COM
plete merger with General Motors
opened up over points. with
sales of S,100 shares at 79s4. The
stock is earning at the rate of S13
a share, according to reliable esti-
mates. The company is doing capacity
business and the earnings for the sec
ond half year, it is anticipated, will
show an increase even over the very
large total of the first half year.
General Motors owns so per cent of
Fisher Body and the idea is that in
order to get in the remaining 40 per
cent it will have to offer it's own stock
on a share-for share basis.
Sugar prices made a new low, both
for refined and raw, and this was re-
f1ected in lower prices of American
Sugar. Cuba Cane preferred and Pun
ia Allegro.
Evening star., 1925-07-09
CONDITIONS IMPROVED
IN LEATHER INDUSTRY

CHICAGO, July P.-Estimated
earnings for the first six months of
this year show that the Armour
Leather Co, after five years of de-
preston. is again on a profit basis.
says statement issued today by
Henry w. Boyd, president : He adds
that the outlook for the remainder of
1925 is more favorable than has ap-
peared in any year since the war
For the first time since the Govern
ment required reports. stocks on hand
are below the normal supply. Losses
due to the war have been so complete
ly iquidatcd that with prices and de-
mand prevailing strong the leather
industry as a whole will be considered
on the upgrade
Evening star., 1925-07-09
DAIRY PRODUCTS.

BALTIMORE, Md. July 9.-Liv,
poultry-Spring chickens. pound, 30s
,38; Leghorns, 22a29; old hens, 20a27
Leghorns, 20a22; old roosters. Is
ducks, 15a20; young ducks, 20a25
pigeons. pair, 25a30.
Eggs-Receipts, PA cases; nativ,
and nearby firsts. 321aa34.
Butter-Good to fancy creamery
pound, 39a44; prints. 44a46; ladies
34a35; store packed, 31a33; rolls, 51t
SO; process butter, 36a37.
Evening star., 1925-07-09
Office Soon to Reonen.
NEW MACK TRUCK RIGHTS
ADMITTED TO TRADING

NEW YORK, July 9 CP.-Rights
TO the new Mack Trucks stock were
admitted 10 trading on the New York
Stock Exchange today. The commit
tee on securities ruled that Mack
Trucks common be quoted ex-rights
July 20 and that transactions in rights
must be settled July 80. Rights eX-
pire August 3. The $4,000 900 15-year,
6 per cent serial notes of Mack Trucks
Real Estate, Inc, recently bought by
a syndicate have been sold privately.
Evening star., 1925-07-09
OIL STOCK PLAN DENIED.

NEW YORK, July 9 P).-Official
denial is made by the Standard Oil Co.
of New Jersey of its reported inten-s
ton to retire the outstanding pre-
ferred stock at Sis, which has been a
topic of interest in the financial dis
trict. The company stated that un-
der the terms of the stock offer the
issue could not be retired before
March, 1926.
Evening star., 1925-07-09
LUDLUMS ORDERS GROW.

NEW YORK, July LP).-The Lud
lum Steel Co. reports that orders re
ceived during the first six month.
total S1,sS3 900, against 81 .655, 900 fol
the corresponding period of 1924. Ne
earnings for the first six months will
be considerably in excess of the frs
six months of 1924 June booking.
alone were s3o3, 900. against S1S5. .ooi
in June, 1924.
Evening star., 1925-07-09
Markets at a Glance

NEW YORK-Stocks, irregular: ac.
tive buying of copper shares. Bonds,
firm; Virginia Carolina issues strong.
Foreign exchanges, mixed; Scandina-
Wan currencies lower. Cotton. lower;
private reports showers Texas. Sugar.
lower; light demand for refined. Cof-
fee, firm; buying by importers.
CHICAGO-Wheat. lower: bearish
cables. Corn, weak; expectations.
bearish Government report. Cattle
declined: slow demand. Hogs, irregu-
lar.
Evening star., 1925-07-09
COTTON EASES OFF
IN EARLY TRADING
Liverpool Cables, Reports of Show.
ers and Profit Taking
Weaken Market.
By The Associated Press.

By the Associated Press
NEW YORK, July 9.-The cotton
market opened easy at a decline of
19 to 25 points today in response to
relatively easy Liverpool cables, pri-
vate reports of showers. in north
Texas and realizing by recent buyers.
There was covering and some trade
buying at the decline. but the market
eased off to $3.50 for October, active
months generally showing net losses
of about 20 to % points.
New York cotton futures closed barely
steady at net decline of II 20 81 points.
Evening star., 1925-07-09
CLOTH PRICES STEADY.

NEW YORK, July Q (SpeciaD.-Cot.
ton goods markets were quiet again
today. with few price changes of note
recorded Print cloths were steady at
91a cents for 64X60s, and 10ss for 6SN
72s. Raw silks were fairly active at
prices unchanged from Wednesday.
Evening star., 1925-07-09
AUTO OUTPUT STILL HIGH.

NEW YORK. July 9 CE).-Automo
bile production continues at an un-
usually high level for this season OF
the year, preliminary estimates in
the trade placing the output for June
at $50, 900 cars and trucks, compared
with 404,300 in May and 42187S in
April, which was the industry's rec
ord month. The June output this
year was nearly 10000 units greater
than in June last year.
Evening star., 1925-07-09
CLOSE Is IRREGULAR.
General Selling of Standard Shares i'm
Late Trading.

NEW YORK. July 9 GP).-GeneraI
selling of standard shares for both ac
counts, inspired by the belief that the
market was due for technical reac
ton, turned the course of stock prices
downward today. Copper, public util-
ity and a few miscellaneous issues
however, moved counter to the gen
eral trend. Sales approximated l 300
900 shares.
The closing was irregular. Competi.
tive bidding for public utility shares
contrasted with energetic selling in
nearly all other sections of the list in
the final hour. United Cigar Stores
receded more than points.
Evening star., 1925-07-09
NEW YORK DAIRY PRICES.

NEW YORK. July P).-Butter
Closing steady; receipts, 16, ,057
packages; creamery, higher than ex-
tras. AZ IL a43; do, extras (92 scorel, A.
Eggs-Weak; receipts, 27,536 cases
Pacific coasts, frsts to extra firsts, a.
a43A.
Evening star., 1925-07-09
NEW PRESIDENT NAMED.

NEW YORK, July 9.-Thomas c.
Powell vice president of the Erie
Railroad Co. has been elected presi-
dent of the Chicago &,Western Illinois
Railway Co., 1t was announced today.
He succeeds w. ]. Jackson who was
appointed chairman of the executive
committee.
Evening star., 1925-07-09
UNION OILS EARNINGS.

NEW YORK. July 9 Cp).-Union Oil
Co. of California reports net income
of $500, 900 for the first half of 1925,
equal to $1.56 a share on S94, 500, 900
stock of S25 par value, against
Sc, zoe, 900. or S6.S8 a. share on $780,
600 900 stock of 500 par value, in the
corresponding period of 1924.
Evening star., 1925-07-09
RAIL THEFTS REDUCED.

CHICAGO, July 9 P).-Railroad
losses, due to the activity of thieves,
We're reduced from s3.117,4S4 in 1923
to $2,222, COS last year, w. w. Nor
rison of Wilmington, n. c., acting
chairman of the protective section of
the American Railway Association
reported yesterday. Losses from this
source in 1914 were S12,000,000, he
said.
Evening star., 1925-07-09
C0MG0LEUM REDUCES
ANNUAL DIVIDENDS

NEW YORK. July Q Up).-Directors
of Congoleum-N Nairn. Inc, today re-
duced the annual dividend rate from
S3 to 50 a share by authorizing
quarterly payment of so cents share
Lower earnings in the last two quar-
ters, due to temporary slowing up
in the demand for hard-surfaced floor
covering made 1t advisable to cut the
dividend. company statement said
Evening star., 1925-07-09
FOREIGN EXCHANGE.
uo,stiOns furnished by W b Hibbs & Co
NEW YORK, July 9 CR-F,

NEW YORK, July CP).-Foreign
exchanges irregular, quotations in
cents: Great Britain, demand. 4.856s
cables, 4.S6 1-16; 6o-day bills on
banks. 4.S15s. France, demand, 469:
cables, 46917. Italy, demand, 3.671h
cables, 3.6S. Demands - Belgium,
4.6015 Germany, $3.50; Holland,
4003 Norway, 1880: Sweden, $3.50;
Denmark, 20.44; Switzerland. 19.4f;
Spain, 1854; Greece, 1879; Poland,
1914; Czechoslovakia, 2.96: Jugo-
slavia, 1.76; Austria, 14A; Rumania,
49i2; Argentina, 40.37; Brazil, 1112;
100.
Evening star., 1925-07-09
New Orleans Quotations.

NEW ORLEANS, July 9.-The cot
ton market had an easy opening, al
though it did not decline at the
start as much as warranted by the
weak Liverpool cables. first trades
showing losses of Is to % points. and
prices eased off a few more points
right after the call, October trading
at 1926.
New Orleans cotton futures closed steady
at net declines of % to 35 pOInfs
Evening star., 1925-07-09
Western Maryland Active.

Re-entrance of Western Maryland
Railway common and preferred stock
to activity in connection with the buy
ing of low-priced rails has revived ru-
mors of a possible absorption with a
greater road. Among those carriers
prominently mentioned We're the New
York Central, the Baltimore and Ohio
and more recently the Loree-Harrimau
interests.
Recent buying in Western Maryland
has been coincident with accumulation
of Wabash and Wheeling and Lake
Erie, also alleged links in Mr.. Loree's
consolidation plans.
Office Soon to Reopen.
The local Office of Dean, Onativia K
Co., as well as ali other offices, Is eN-
pected to open not later than Monday
next. This is practically assured on
the success of the firms rehabilitation
plans.
Evening star., 1925-07-09
j. s. BONDS TAKE
SHARP TUMBLES
All Government Issues Turn
Heavy-Mellon Rumor
Possible Factor.
BY GEORGE r. HUGHES.

Special Dispatch to The Star
NEW YORK, July "A sharp break
in United States Government bonds
was the outstanding feature of today g
market. The Treasury issues suffered
the largest loss. but some of the Lib.
critics were also substantially lower,
and all of them were heavy.
Two explanations were current in
the streets, one of them that the sell
ing was due to an unconfirmed report
that Secretary Mellon was contem-
plating resigning and the other was
that the banks were disposing of Gov
ernment securities in expectation of
higher money.
Government Issues Drop.
The Treasury Az s, which opened at
lOS.6, sold down to 107.16, and the
Treasury As. which opened at 1046,
sold down to 103.29. In both cases
the break was followed by consider
able recovery. OF the Libertys, the
first 4As were the most heavily sold.
They opened at 1881. and on sales of
comparatively small blocks ran down
to 102.16.
This weakness in United States
Government obligations affected ad-
versely the balance of the bond mar
ket, which was almost uniformly
heavy. There was no indication of
any Immediately higher quotations
for money.
Foreign Group Active.
In the balance of the list there was
unusual activity in the foreign group
japanese 612s were offered in large
blocks and declined fractionally. per
haps because of the competition of
new industrial japanese loans. Hun
garian 712s sold down full point
German, French and Belgian issues
We're relatively steady
Virginia Carolina Chemical 7hs with
warrants were again in active demand
among the speculative bonds. Ana
conda Copper Is were firm, in SYM
pathy with copper stocks. Inter
borough per cent notes were weak
Among the rails Denver and Rio
Grande Western IS furnished a point
OF strength, responding to deductions
from the May earnings statement
Today's New Offerings.
Today's new offerings included S1S,-
100000 Great Consolidated Electric
Power of Japan 61zs to yield 7.35 per
cent and 100000 Lincoln joint stock
land bank 412s to yield 431 per cent
TO the optional redemption date
Evening star., 1925-07-09
Fewer Commercial Failures.

commercial failures in the United
States in the second quarter. with in
debtedness of S110,916.670, against
5,S6e defaults, aggregating S12S,4S1.7S0
in the first quarter, and 5,l30 failures
for s119. .594,3SS in the second quarter
of 1924
Evening star., 1925-07-09
Exchange Trading Light.

One of the lightest trading days nf
the year was witnessed on the Wash
ington Stock Exchange this morning,
but three issues have sufficient at
tractiveness to gain admission to the
sales record. These were four shares
of Merchants Bank and Trust Co. at
1874, 10 shares of Gas at 6212 and a
like number of Railway preferred
Sh at
Evening star., 1925-07-09

OPENING: July. 23.35 bid: Ortober
1870. December, 1887; January, @3.4S;
March. 1856. bid.
Evening star., 1925-07-09

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