davidaulloa/AmericanStories huggingface dataset:
Evening star., 1925-07-27
FOREIGN EXCHANGE.
Quotations furnished by W. B. Hibbs & Co..

NEW YORK, July 27.-Foreign eX-
changes steady. Quotations, in cents;
Great Britain, demand, 4S52s; cables,
4S5%; 60-day bills on banks, 4S13s
France, demand, 4.7212; cables, 4.73.
Italy, demand, 3.67 cables, 3.67h.
Demand: Belgium, 4.621a; Germany
$3.50; Holland, 40.10; Norway, 1885;
sweden, 26.S5; Denmark, 23.03; Switz-
ey-land, 1870; Spain, 14.49; Greece,
I.56: Poland. 1914; Czechoslovakia,
2.96; Jugoslavia, 1.76; Austria, 14A;
Rumania, 15A; Argentina, 40.37;
Brazil. 1L65; Toxic, 415s; Shanghai.
ps%S Montreal ., 100 49, <.
Evening star., 1925-07-27

Fancy walking canes. so much in de-
mand in Paris, are being grown by a
French farmer, who twists them as
they grow.
Evening star., 1925-07-27
BY WILLIAM f. HEFFERNAN.

NEW YORK, July 27.-Today's curb
market started in active and strong,
numerous stocks reaching new high
records, subsequently reacted under
profit taking sale, then in the after
noon the upward movement was re-
sumed. Standard of Indiana was
taken up and along with it were other
popular So-called Standard issues,
notably Humble, Vacuum and Stand
ard of New York.
The feature in point of price f1uctu-
alton was Middle West Utilities,
Evening star., 1925-07-27
Sales in STANDARD on ISSUES.
Washington Stock Exchange
SALES.

SALES.
Tssh!9r,9S Sa5 S Gas dSo IoS ocS 1ooh
Washington Gas IS $50 600 at 1885,.
Capital Traction Coo at 100.
Washington Gas Light at 81 u.
11o afolaf'I4 70 az I1o 10 at ef iff 80 at III 70
az Ill. 10 at III. 10 at Ill i. 10 at Iii "a.
10 at 11lA. 10 at Ill y. 10 at liz. 20 at
Commercial National Bank-1O at 100.
10 at ls4 & 10 At 1e4; 10 a i9oa5s 20.
SOB 10 at 355 a. 10 at 356.
Mergenthaler Linotype-10 at 1914, 10 at
1851
National Mortgage and Investment ptd-
40 at Q11
Evening star., 1925-07-27
AFTER CALL.

Capital Traction 5s-S5 900 at 90.
Washington Gas 6s '33-S3o0 at 1o2 4
Capital Traction Coo at 100 10 at
National Mortgage and Investment pfd.-
Washington Rvy. & Elec. com.-1o at
Washington Gas. Light--1oo at 81 Il zoo
at 6lSs so at 81 S.
1125s.
Money-Csn loans. Q and per cent.
Evening star., 1925-07-27
les INDEPENDENT OIL STOCKS.

los Ohio. .. 35s 35s 35s
7S9 7SS9S SSan yscnu& I'll oipen ssSs sSSit sSs
Evening star., 1925-07-27
NEW HIGH LEVELS
IN COTTON MARKET
Dry Weather Sends Price
Virtually to Seasons
Highest Point.
BY the Associated Press.

NEW YORK, July 27.-The absence
of over Sunday rains in Texas started
another buying movement in the cot
ton market early today which quickly
advanced prices to new higher levels
for the movement and virtually to the
highest of the season.
Opening firm, at 2 to IL points
advance, the market made net gains
of % points within the FIRST hour,
which carried October up to 25.47 and
December to 1852. There was con-
siderable realizing at the advance in
belief that the technical position had
been weakened and that insufficient at
tention was being paid to favorable
conditions in the belt outside of Texas
and Oklahoma. but the selling was
absorbed at a little under the highest
prices.
Cables were considerably better than
due, Liverpool. with commission
houses in the South was a good buyer
here at the opening. Practically all
of the Texas crop news was bullish,
claiming that the plant was deterio-
rating rapidly under burning sun.
New York cotton futures closed steady at
ne adVapge n &
Evening star., 1925-07-27
New York cotton futures clos
let advance of 10 to IA points.
New Orleans Quotations.

NEW ORLEANS, July 27.-Cotton
futures opened steady. October, 24.90; |
December. 25.01; January, 25.0l; !
March, 25.15; May, 25.25 asked.
New Orleans cotton futures closed steady !
at net advance OF 3 TO 13 polnts.
Evening star., 1925-07-27
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star Office

which continued to respond TO merger
rumors. At 1861 it compared with
Saturdays final of 149.
For the strength at new high prices
in Happiness Candy class A there
was the report that earnings from the
opening of several stores early in the
year were beginning to make them
selves felt. Other stocks to reach
new highs included Johns Manville,
up over 6; White Rock new, over
2; Chaplin Sacks up almost a point
and Bucyrus at 1872 as compared with
a previous close of III.
Evening star., 1925-07-27
Apple Market Steady.
$50, 1000, 900 ATLANTA
IMPROVEMENTS APPROVED
S Special Dispatch 90 The Star.

Special Dispatch 20 The Star.
ATLANTA, July 27.-The Georgia
Assembly has officially sanctioned the
500, 100000 improvement project of
This city which will include construc-
zion of two down viaducts across
railroad tracks and erection of a new
passenger station and plaza in the
heart Of the business district.
Evening star., 1925-07-27
Money to Loan

Secured by first deed of trust on real estate
PrevstlinE interest and commits ssiop,
Joseph |. Weller sac 40 w.sa; s,s L : z srs.'
Evening star., 1925-07-27
PARIS MARKET DULL.

PARIS, July 27.-Trading was dull
end prices moved irregularly on the
Bourse today. Three per cent rentes.
50 francs. Exchange on London, 1O2
francs 81 Ceutimes. Five per cent
loan, 81 francs IS centimes. The dol
lar wac quoted at Il francs Is cen
times.
Evening star., 1925-07-27

NEW YORK, July 27.-FollowinG
is an official list of bonds and stocks
traded in on the New York Curb
Market today:
Evening star., 1925-07-27
DIVIDEND DECLARED.

BOSTON, July % UP.-The direc-
tors of the Pepperell Manufacturing
Co. today votel the regular semi-an-
nual dividend of 4 per cent, payable
August, l to shareholders of record
July q.
Evening star., 1925-07-27
TODAY'S MONEY RATES.

NEW YORK, July 81 @.-Cal
money steady; high, 4; low, 4; ruling
rate, 4; closing bid, 4; offered at Az;
last loan, 4; call loans against accept
ances, az. Time loans firm; mixed
collateral, 60-90 days, A; As months.
4a4k; prime commerciaLspapen 3&a44
Evening star., 1925-08-23
Expulsion of Germans From Silesia
Defensible Policy on Poland's Part

ties and the creation of racially SINH
lar populations within political from
tiers, the gain for peace would be OBJ,
vious. On the whole, Greece has prob
ably benefited by the remuneration of
her Asiatic aspirations and the gain OF
the Hellenic population of Asia Minor.
But the process Is not capable of be
ing carried to absolute results in many.
cases.
Nevertheless it is inevitable, and il
seems certain TO continue indefinitely
1t is. after all, a phase Of majority
rule and we recognize the will of the
majority to be absolute. 1t is a phase
in the liberation of subject races
which was the outstanding circuma
stance Of the war results. II fre-
Quently does violence to preconceived
notions of economic efficiency, since
often the minority expelled is indus
trially the most highly trained element
in the community, it invariably offends
a sense Of humanity because it i'm
poses hardship and suffering. >
Nor does it lie in American mouths
to censure Poland. Czechoslovakia or
Rumania since our insistence upon the
100 per cent Americanism of our fel
low citizens is notorious. On the other
hand our sympathy for the American
minority in Mexico. for example
should go far to explain the feelings
Of the German and the Magyar, with
the added circumstance that their,
brethren are being prosecuted in a land
which was long German or Magyar"
and whose loss they have never vol
unfairly resigned themselves to ac-
cept as permanent.
Copyright. 1925)
Evening star., 1925-08-23
Japanese Preparing
Mobilization Bureau

Japans army intends to establish a
mobilization bureau to study and pre-
pare for national mobilization in times
of emergency. Having disposed of
other changes, Lieut.. Gen. Ugaki
war minister, is ready to deal with
the problem. The bureau will investi-
gate as to what natural resources may
be utilized in times of war and the
amount of the resources necessary for
the SuStenance of the nation and the
army and the navy in wartime The
establishment of an organ similar to
the board of census, now defunct, is
advocated by the war minister, to
supply material on which the new bu-
reau may begin work.
Army authorities have decided to
create the bureau in the army, as the
cabinet leaders, owing to lack of
funds, are opposed to the establish
ment of an independent organ in the
government. The war minister, how
ever, finds the present situation of the
world conducive to the creation of
the bureau because European and
American powers are endeavoring to
prepare themselves with complete
systems of national mobilization.
Evening star., 1925-08-23
AMERICAN FORESTS
SEEN AS FUTURE i. S. SUPPLY
Research Begun to Develop Industry, Which May
Result in Great Economic Advantages
for This Country.

pert, Henry S. Graves, dean of the
school of forestry. Yale University,
and former chief of the United States
forest service, is equally significant
as to the possibilities of forest de-
velopment in the South and Central
American countries.
1T is now coming to be recognized, !"
said Mr.. Graves, "by thoughtful stu
dents Of the subject that the United
States and other countries in the tenn
perate zones will increasingly require
timber and other products from the
tropical forests. Scientific men at all
familiar with the tropical forests are
convinced that there are many species
of trees well adapted to our existing
needs but which are today unknown
in our markets. The better grades of
certain of our native hardwoods are
beginning to be difficult to obtain.
Already we know that tropical woods
can be found that have qualities simi-
lar to the best of our hardwoods."
Research Developing Market
Col. Graves went on to point out
that research in wood technology is
a primary step in developing a
market in this country for tropical
products. Other means must be
adopted to accomplish the object He
asserted that the tropical countries
have before them a land problem of
great magnitude and importance"
and that they have the task not only
to secure an industrial development
of their forest resources, but to bring
that about in a way that will not re-
suit merely in exploitation of the
forests, but in the productive use of
the land on a permanent basis"
This means" he said, "agricul-
tural settlement on the favorable
lands and a continued use of the less
fertile lands for forest growth. The
United States has made many serious
mistakes in it's public land admins
tration. The experience of our coun-
try would be of value to the countries
Of tropical America as illustrating the
consequences that follow unwise poll
cies Of land administration" In con-
clusion, he said:
with full information about the
forests and their products, and with
men qualified to carry on forest work
in the tropics, we have the ground
work for attracting capital to estab-
lish industrial enterprise in the tropics
and for developing markets for a wide
use of forest products.
Copyright. 1925. by Henry L. Sweinhart.)
Evening star., 1925-08-23

points out, to promise complete in
dependence to the Rin would be to
traverse treaties to which powers be-
sides Spain and France are signatory
and dangerously to reopen the whole
Moroccan question.
The wise ones seemed to think that
Abd-el-Krim has been merely pretend
ing to treat, hoping by such pretense
to delay Franco-Spanish grand opera
tions until mid-October. when the
rainy season begins, and from which
time until the Spring Franco Spanish
offensive operations on an important
scale would be impossible and the
Riffs would be fighting at advantage.
The trick, If trick" Is the word. has
not worked. The French are evident
ly preparing an effort to deal with
more or less collaboration of the Span
ish) a knockout blow to the Riff chief
tain before the rains. The latter, with
his usual sagacity, has shortened his
lines and consolidated his key posi-
tions. This partly explains the north
ward trek Of the tribes.
During the past week the French
and Spanish have operated with vigor
and success. In the Ouezzan section
5000 of the enemy surrendered un-
conditionally to Franco-Spanish forces.
So the report, in which there may be
some exaggeration. At any rate, IT
was a great success. The French
have recovered most of the ground in
front of Tasa lost in July when the
Riffs pushed down within six miles OF
the Fez-Algiers Railroad.
Marshal Petain Is on his way back
from Paris to Morocco to direct op-
erations.
Syria.-A kind of settlement has
been patched up between the French
authorities in Syria and the insurrec-
tionary Hauran Drueses. Pursuant
thereto the French have set free GER
tain DrueSe chieftainS and have re-
placed the French Governor of Jebel
Hauran, so obnoxious to the Drueses,
by another officer, and the Drueses
have raised the siege of the citadel of
Suweda, in which a French detach-
ment of 200 was reduced to extremi-
ties because of insuff1ciency of food
and water.
notwithstanding the incessant agi.
tation against the French mandate
of Syria, there is good reason for
the French contention that the ma
jority of Syrians, trusting the French
promises of ultimate Syrian indepen-
dence, are content with the French
mandate, which, despite some errors
que 10 ignorance OF u
tact or Judgment, Is being exercised
on the whole in an enlightened man.
ner, to the immense economic ad-
vantage of Syria and so as gradually
to educate the Syrians for self-govern-
ment.
* X 4
CHINA-The Chinese government
has invited the interested powers to
send representatives to a conference
on Chinese customs, to open in Pc
king on October 26.
The redoubtable Chang Tso-Lin is
not dead, as was rumored.
Eight British missionaries, includ-
ing a bishop and five women, in the
Province of SEE Chuan, have been
kidnapped by bandits.
DR.. Howard. the American who was
captured by Manchurian bandits
some weeks ago, is being well treated
by his captors. Let us hope he has
the philosophy Of Caesar in a similar
situation. The bandit camp where he
is held is surrounded by Chinese
troops. but the latter refrain from at
Evening star., 1925-08-23

Gen. Jan Smuts, the former Boer
leader in the field, who became Bri-
tish general during the war and then
prime minister of the Union of South
Africa, predicted that Europe was
drifting nearer and nearer to a new
ice age when addressing the South
African Association for the Advance
ment of Science at Oudtshoorn.
He placed Ahe advent of the new
European ice age at date approx
mately 10000 years hence, though
long before that the European climate
would have altered beyond recogni-
ton by people living in our time. The
African climate, he said, will also be-
come gradually cooler, moist and
rainy, with the consequence that the
stretches of present wilderness will
pass away. In all probability our
present human races will have dis
appeared before this next phase and
given place to a higher species of
mankind, which viii occupy the next
age.
Enlarging on the fact that South
Africa was 10000 years behind the
times as measured by European or
American standards of culture, the
Evening star., 1925-08-23
BY HARDEN COLFAX.

American exporters who were some
what disturbed not long ago by the
passage of a German tariff bill with
flexible provisions to favored nations
have walked up to the fact that Ger
many can't grant lower rates to any
other country in the world than to the
United States With this discovery,
the new German tariff Is shorn of its
horns and tail and the idea is spread
ing that, perhaps, after all, the new
duties will do much to Increase our
growing export business to Germany.
Under the present treaty between
the United States and Germany, the
former will automatically receive any
favorS granted by Germany, in a
commercial way, to other nations.
Thus, If Germany were to embody in
her pending treaty with France a
rate on foodstuffs much lower than
the rates applying to any other coun-
try shipping foodstuffs into Germany,
the new rate would automatically and
Immediately apply to American food
stuffs.
Thus, there is no possibility, as
Government experts here see the sit
uation, that any foreign manufac-
turers will get the edge on American
concerns when 1t comes to duties to
be paid on products entering Germany.
The same situation applies to food
stuffs. American farmers, it is point
ed out, are in no danger of being
undercut by a tariff reduction to some
other nation on anything shipped into
Germany.
Feared Loss of Exports.
While knowledge Of this situation
is not new in Washington, Govern
ment officials having had it in mind
ever since the new German tariff en-
tered the pathway of legislation, it
was overlooked by many exporters.
These had feared the high tariff rates
with the most favored nation" clause
carrying reciprocal adjustments down
ward, would tend to shrivel the vor
ume of exports flowing now in increas-
ing flood to German ports.
Such a contingency would have
been a body blow at the expansion
of American foreign trade and proba-
bly, would be felt in our domestic
prosperity. A study of foreign trade
in 1924, made by the Department of
Commerce, shows Germany in third
place as a consumer of American
Evening star., 1925-08-23

tacking, as the doctor might be killed
in the process. Presumably a reason
able composition will be reached on
ransom terms.
The Canton government has fantas-
ticaliy complicated the international
situation. That government is outside
any of the known categories. Formal
Iy hear it admitted the authority of
the Peking government. Actually it
i quite ignores that authority. 1t is a
group Of extremists, reds, radicals,
whatever you please In that sort, for
none of our terms is answerable to
their description and to find in them
as most do, Mongoloid counterparts of
the Muscovite gang. is to find too
much or too little. 1t is doubtful if
their control extends much beyond the
precincts of Canton, and that within
Canton 1t is not entirely acceptable is
proved by the recent assassination of
the finance minister. reputed reddest
of the red
But, however, limited or precarious
| their authority, 1t is sufficient to dis
| turb the chancellerieS of the world.
| They have issued a set of regulations
| discriminating against British and
| Japanese shipping and particularly
directed against Hongkong. Whereof
the Chinese trade is chiefly via Canton.
Two of these regulations are as fol-
| lows: % Vessels Of any nationality
| except British and Japanese, may use
| any port under the Cantonese juris-
| diction, but only on condition that
| they do not touch at Hongkong; (2) all
vessels entering Cantonese ports are
| subject to search by Cantonese
| officials.
| protest to Peking by the powers af-
fected. and to deal directly with the
| Canton government would be to
| traverse the sovereignty of Peking
| The dilemma is in fantastic keeping
with the whole fantastic Chinese
situation. There is a call for world
craftsmanship of the first order, free
of pedantry and buncombe. of a quite
unprecedented spaciousness, humor
and sagacity properly to deal with the
| Chinese situation, to the transcendent
Importance of which the world has
been curiousIy and perhaps fatally
blind. Behold the Caesar Cum Chat.
ham indicated for the emergency
No? Well at any rate we cynics may
count on entertainment of the richest
from the land of Han for some time
| to come.
MiscellaneOus.-TheF French reply tc
the Berlin note of July 90, concerning
the proposed Anglo French Belgian
German security pact has gone tc
Berlin. Having the approval of the
British, Italian and Belgian govern
ments, it is in effect a joint allied
| note.
The fourteenth Zionist world con
gress opened at Vienna on August 18
some 5000 delegates attending. The
previous day there were violent anti
Jewish demonstrations in the city let
apparently by university students, re
sulting in injuries, some serious. to sc
| or more persons and suppressed only
by the most vigorous efforts of vi
enna's entire police force. The great
est concession yet granted by the Rus
sian Soviet government, a concession
| to exploit the Lena goldfields of ST
| IBERIA, has been granted to the British
Lena Goldfields Corporation.
American capitalists are partici
pating up to SO per cent.
Amundsen's ship, the "Maude," has
got clear of the ice pack and wa.
recently off the East Cape, Siberia
plying for Nome.
Evening star., 1925-08-23
GERMAN TARIFF BUCABOO In Z. S.
HAS BEEN SHORN OF ITS TERRORS
New Duties May Do Much to Increase American Elk
port Business-Rates to Other Nations
Can't Be Lower Than to Us.

products, ranking above all other ma
tions except Great Britain and Canada
The growth of trade with Germany
has been slow since the war, how
ever. Says the department:
Germany is the only country of
Importance which furnished us with
less imports in terms of dollar value
in 1924 than before the war. Ger
many also is the country which
showed the lowest rate of increase
over pre-war in our exports (44.9 per
cent?. the actual quantities of goods
going to Germany no doubt having
fallen off,
American exports to Germany in
1923, the department. survey shows,
were slightly in excess of $500 900 900,
which imports ran to about S175 ,000,-
900. In 1924. however, Germany rose
to almost $3.50 900. 900, or by approx
mately so per cent, and imports from
Germany declined to about $3.50 ,000,-
600. The current year, it is expected,
will show a healthy increase in both
exports and imports.
What New Measure Provides.
The new German tariff legislation
replaces a law passed in 1902. The
new measure provides stiff rates in
the case Of many commodities which
go to make up the bulk of Ameri-
can trade with Germany, among them
being automobiles. on which the new
tax virtually adds 100 per cent to
the selling price. Reductions in
automobile duties. graded over three
years, are provided.
On foodstuffs. too, heavy customs
are imposed. On a barrel of wheat
flour, for instance, the duty would
run to about $40. On bushel of
rye, 1t amounts to about 20 cents,
with approximately the same duty on
oats and barley. On canned meat, the
duty runs to about cents a pound
and on bacon about cents The
new food tariff will become effective
September 1; on manufactured goods
the new tariff will go into effect a
month later.
tCopyright. 1925.)