davidaulloa/AmericanStories huggingface dataset:
, 1925-04-20

ONO q strict organization OF the United
Mine Workers. An exception made in
the strike calls in the mines OF the Wind
s0r Power House Coal C)mplny and the
Hitchman Coal Company, where injunc-
lIOrs are in force.
Chicago, April 10Th. -Breadstutfs went
wildly downward in price today aud were
aIm0s. a drug on the market. Selling
out to STOP losses on the May delivery Of
Wl4as here, disclose a nearly complies
ebsan:9 Of demand. s-rilingIy in contrast
: Widespread beliefs a lew months
.aat a world shortage This season
~3inpeodiug. As a result wheat va
.uas i4I! as much as eight cents a bushai
todav and rye ten cents. Toe wheat
.1ark4c closed Sc nI-demoraiisad.
Winnipeg. April 10Th. With the ex-
p0r5 Interests sidetracking the Winni
peg marked and demand purely local,
wheat prizes today = ned s. cents in
a session cJmpIet, oinated by bear
traders. Nervousnr clipped right
at the op4ring OF th prices sui
ferinL a loss OF ab0l, % cents. Fur
Their weakness followed heavy Iiquida-
tons, which failed 70 meet supporting
demand.
London. April I5sh.-At the annual
m-eallg OF NIcAetS La, Tn IfGte IRON
and stea. concern. winch vas j I'D h Ire -,
day, D5ugias VIcGars, the Chairman,
said tuaC the Canadian Vlckars had had
a bad year, owing to Ii SailOn OF
snjp0IIdIng ndha D)1najon 70 the
general position of tha Canadian VIclers,
the Chairman declined to extend to the
shareholders any imnaIate hope Of an
improvement.
LONDON, April 18Th. Prime Henry to-
DIV Narrowly escaped a serious accident.
iue Prince was riding in a hunt steep
iaclase near West GrinsteaI, when his
mount came into collision with another
horse and ne was thrown. fortunately
the Prince escaped uainjured add was
able d. walk back to the paddock. His
mount was SO badly hurt. however, that
il had TO D destroyed.
LaZos NjL4ria. Apri. 10Th 1.-The Prince
of Wales anu his staff stood on the deck
Of a launch yesterday and receive oVa-
tons from part Of the population Of an
Other African colony gathered in thou
sands along the quays and the Lagos
harbour. Bef4gged AID decorated crafts
OF every description came on from the
sn0re 10 welcome the naiI "a his eX.
tended tour. Landing near the railway
station, after formal int u'io ion to local
officials, the Prince Of Wales inmedi
ately b. rded a special rraia for hanO,
six hundred mile inland.
IIora, Nigeria. April 10Th The Prince
, 1925-04-20

stry, was able only to report progress
and not the definite conclusion of his
task when he visited President Doumer-
que at the Palace of the Elysee this af-
ternoon. NJ. Caillaix has definitely and
officially accepted the Ministry of Finance
in the PainIeve cabitIet, M. CaiIlaux's
secretary announced in the lobby Of the
Chamber of Deputies this afternoon.
Market Ouotatio-1s
New YORK APRIL 18th 1925.
Flour, Standard export grades per
barrel SIS 4Oc,
Corn Meal, Yellow Kiin-dried per bar
.....90 I0c.
Pork, Heavy mess, old per barrel
......... ........ $l1 00c.
Pork, Short clear, medium q%QaIity per
barrel Sal. soc.
Sugar. Centrifugal, basis So degree.
est per pound ~. ........0440
Exchange, Sixty days. $4.76c.@
Exchange, Sight ......... .$4. 785c.
Evening star., 1925-09-19
EVERYMAN'S
INVESTMENTS
BY GEORGE T. HUGHES.
Bond Defaults

Examination of list Of bond de-
faults in the past IL months either as
to interest or as to principal or as TO
both reveals some interesting infor.
nation. The total number of such
bonds was sSS OF this number a.
were industrials. and next came trac.
tions. for which the figure was 81.
Then followed II railroads. utilities
other than fractions and foreign
issue.
1t is somewhat surprising to find
only one foreign bond in default out
of such a large total That one ca SO
was South American issue. the oh.
ligation of subdivision of a large
South American country. 1t is by no
means certain that some plan will not
be worked out for RESUMPTION of
service on this particular loan. The
point, however, is that the risk in
these foreign securities. which the
market prices appraise as very high.
has not been justified so far in the
record. Undoubtedly the risk is there
but it looks as if the market overesti-
mated it,
The number Of defaults cannot be
taken as indicative of the relative
standing Of the various classes he.
cause there are so many more bonds
In other groups than the foreign dealt
in on this side. but the percentage is
still very low. The utilities make
the next best record, and this is more
significant. Excepting the fractions,
which have had to meet strenuous
motor competition, the utility bonds
are in the strongest position of any
kind of domestic obligation. That
much is sure.
OF the II railroad bonds which have
failed to meet principal or interest.
are obligations of the Chica go.
Milwaukee and st. Paul. which is also
a special case. II these are excluded
the railroads make good showing
Nor can any important deduction be
made from the fact that the largest
number OF bonds in default are those
of industrial corporations. for these
cover a very wide variety of activities
1t must be remembered also that
many of these defaults will be cured
and that the bondholders seldom lose
their entire investment When the
total number of different bond issues
Is considered the percentage Of fail.
ures ts very small.
tCopyrSht. 1925.3
Evening star., 1925-09-19
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

AUGUSTA. Me. September 10
business interests predict boom for
Fall and Winter In the shoe-making
industry along the kennebec Valley.
II is estimated that 30 per cent more
shoes will he produced here than at
any time in the past FIVE years.
xCLEEELAND. September l9.-Busi-
ness of the Giidden Co. in the last
month showed an increase OF si20. 900
over the corresponding period last
year.
DETROIT. September la.-The Sep
tember output of the Motor Wheel
Corporation seems likely to exceed
that of the corresponding period of
1924 by nearly 80 per cent.
SHREVEPORT. La. September ~.
Daily average oil production in Louisi-
ana and Arkansas in the last week
dropped 2.128 barrels, to 267.S62. New
production showed improvement. with
% wells adding 7,2l0 barrels to initial
yield
ST. LOUIS. September ia mer-
ger. involving all Illinois coal mines
within Is miles of st. Louis. valued at
s35 900 goo, is being undertaken by a
syndicate of Chicago capitalists
headed by Herbert f. Bell of the Bell
& Collar Coal Co.
Evening star., 1925-09-19
GAINS In MANY ACTIVE STOCKS
COVER UP SELLING In OTHERS

! investment element has become ron.
stantlE less importa Mt. The field has
heen given over to speculation, and to
sum up the difference between the
market now and that of the early
Summer. 1t lies in the one fact that
present buyers are animated by the
hope of selling to somebody else at n
profit and not by the desire for per
manent holding.
Traffic Figures Favorable.
According 10 all Indications rsilwa y
traffic figures for August. which will
begin to be published within the
course of another week, will be highly
favorable. They will reflect the in
crease in the traffic volume which oc-
Cured last month along with the con.
troll over operating expenses. which
was so strikingly manifested in July.
during the last three months of the
year the expectations are that the car
rlers Will do almost equally well.
The grain movement will not be as
large as Il year ago. and passenger
business will he smaller. But the re.
markabie reduction in transportat ton
expenditures and the completion of the
extra ordinary maintenance appropria
tions which were such feature ,Ip 10
the early part of this wear will far
more than offset such slight falling
off as there may he in gross
Trade Increase is Slow.
Trade in general is on the increase
but II is n question whether it is a =
much of an increase As Wall street
has been counting upon in the recent
rapid and extensive rise in stocks. M
enthusiasm can he worked up over
the statement that the steel mills a 70
employed up to IS per cent of capac-
fty so long as steel prices are lower
than they were year ago and very
much lower than they were two wears
ago. This indicates that the steel
business. while satisfactory in volume.
Is far from satisfactory in the margin
of profit
Reduced estimates of the cotton
crop. causing an advance in cotton
prices, have led the cotton mills TO
buy the staple more freely for fear
that the bottom of the market NAV
have been reached There has been
some improvement. too, in the demand
| for cotton goods. but so far this rep.
resents very slight undoing of the de.
preston which has gripped the cotton
trade for the last two years.
Sugar Trade Suffers.
The sugar trade. judged by the mar.
ket for sugar futures. is in the worst
shape 1t has been at all. Spot sugar
is selling under what is the cost of
production for all but the strongest
companies. The discouraging feature
is that prices for sugar options repre-
senting the 1926 season are almost as
low.
Copyright. lao5)
Evening star., 1925-09-19
BALTIMORE PRODUCE.

BALTIMORE, Md, September 19
(SpeciaD. New potatoes. 100 pounds.
75a2.25: beans. bushel, 75a90 beets.
100. 2.00a3.00; cabbage, 100, 2.0Oa4. 90:
sweet potatoes. barrel, 15Oa3.5O:
vans. barrel. 1.50a3.50; carrots. 100.
2.00a4.00; corn. dozen. 1ea20; celery.
crate 1.50a2.50; cucumbers, basket
40a50: lettuce, crate, 50a2.50: beans,
bushel. 1.00a1.50: peppers. basket. 25
ass onions, 100 pounds. 125a2.50:
squash. basket, 20a25: tomatoes. ham
per. 20a35; packing house stock
bushel. 25aS5: spinach. basket. 35a40.
Apples. barrel. 3.00a5. 90: bushel so
a2.00: damsons, basket, 65a75: canta-
loupes. crate. 1.25a3.00; grapes bas.
ket, 60a90; pears. bushel. 1.50a3.00;
watermelons. each 20a50; peaches.
bushel. 250a3.50.
Evening star., 1925-09-19
Many Stocks Sell
At Highest Prices
Ever on Record
BY the Associated Press.

BY the Associated Press.
NEW YORK, September 19.-Spec-
uators for the advance. aided by
easy money rates and favorable trade
reports. staged series of bullish
demonstration in the stock market
this week, which carried the indus
trial averages TO new record high
levels Buying operations were con-
centrated largely in the motors
and high priced Industrial specialties,
many Of which sold at the highest
prices ever recorded
Bear traders stubbornly contested
the advance. but their offerings were
well taken. as were large volume
Of profit.taking sales. Sales averaged
well above the one and one-half mil
lion shares for the full sessions, fall.
ing just short of the two-million mark
in the first two days Of the week.
Evening star., 1925-09-19
RY STUART r. WEST.
Special Di.Datch to The Star.

Special Di.patch 10 The star
NEW YORK. September 19.-Dur-
| ing the past week the movement on
the stock exchange has assumed Ger
tain aspects which are, by no means
agreeable from a conservative point
Of view.
Those who have respect for past ex-
perjence recall that violent upbiddin z
of individual stocks. while the main
body of the list has changed little, is
not a favorable sign. 1t does not
necessarily imply an immediate ter
mination of the forward swing. But
it does mean that highly speculative
stage has been reached, Snd the pre-
sumption is strong that these spec
tacular operations in a few selected
shares are designed to divert atten.
ton from selling in other directions.
"Superheated" Speculation Rules.
Yet. recognizing that outside condi-
tions are satisfactory and that the
prospect is favorable for their contin-
uing so. il has to he remembered that
stock exchange prices are very high.
They keep on reaching new high
records.
The average during the last week
advanced over 81 share. and during
the last two weeks nearly 81 share.
II is seldom that gains Of such mag
nitude have occurred in so short a
sDace of time. a nd there is no question
that they represent A Super-heated
speculation rather than = calm invest
ment view of the Wall Street position
with reference to the state of business
on the outside.
Spectators Ignore Money Rates.
There Ia much talk of easy money
as speculative stimulus. and some
financial critics persist in trying to
link up what are quite unimportant
fluctuations in the call money rate
with fluctuations in the stock market.
AS a matter of fact. ever since 1921.
when the United States has held the
preponderance of the worlds gold
supply. and when this has accumu-
lated in the vaults Of the Federal Re
serve banks as a vast potential credit
base. the money market has ceased to
count seriously in Wall Street calcu-
lations.
Taking the last three and half
wears. there have been numerous in
tervals of prolonged and severe de-
cline on the stock exchange. and these
have occurred under low-money rates.
In other words. cheap money has not
availed to stop selling movements in
stocks when these have come about
from over-speculation and from over
mea surfing the outside trade situation.
Await End of Speculation.
AS an investment factor, the low
money rates and the likelihood of their
keeping on are, of course. of the ut
most Importance. But the higher
grades of securities on the bond mar
ket have long been adjusted 10 low
money and in recent months invest
ment stocks have done much dis
counting along the same line.
There Is plenty of investment cap
ital ready to go in at any favorable
opportunity. but on account of the rise
in the better classes of securities the
Evening star., 1925-09-19
COTTON QUOTATIONS
ARE LOWER TODAY
Buying and Covering Checks Any
Extended Drop-United States
Report Is Awaited.
By the Associated Press.

By the Associated Press.
NEW YORK September 1a.-Fur-
ther realizing or liquida ton developed
in the cotton market early today.
Liverpool cables were better than ex-
pected, but early weather advices con.
tained no mention Of yesterdays ru-
mored tropical disturbance. and. after
opening unchanged to points lower.
the market sold about To IL points
below yesterdays closing quotations.
This decline carried December off
10 24.51. but. as prices approached the
a a cent level. trade buying and Gov
erinS checked the break and gave the
market steadier undertone. prices
showing rallies Of or 10 points from
the lowest by the end NJ the first
hour.
The early selling probably was en-
couraged by reports of slightly
easier basis in some parts OF the
South.
New York cotton futures closed steady at
Evening star., 1925-09-19
OIL WELL SUPPLY FIRM
INCREASES STOCK

PITTSBURGH. Pa. September 1e
P0.-An increase OF the capital stock
OF the Oil Well Supply Co. from
81 500, 900 to s22 900 900 was approved
by the stockholders at a meeting here
yesterday. The new stock will be
as follows: Seventy thousand
shares convertible per cent cumula
tive stock par value 800: 500 900
shares common stock. par value SIS
OF the 900 shares of common stock
only $4,000 shares are at
present to be issued
Evening star., 1925-09-19
C0L0-ST0RAGE BUTTER
STOCKS ABOVE YEAR AGO

Special Dispatch to The Star.
CHICAGO. September 19.-Cold
storage stocks of butter amount TO
12S, S,44s,000 pounds. compared with
109 .075 900 a year ago and of Amer
lean cheese. 1888. 900 pounds. com.
pared with 66,S34.000 a year ago. OF
frozen poultry in storage. broilers
amount to 9,1a1,0 900 pounds. compared
with 7.164, 900 month ago: roasters.
12.161 900. compared with 2,392 900
last month and turkeys. 1880, 900
pounds. compared with 6,417 900 a
month ago.
Evening star., 1925-09-19
HUDSON'S INCOME
SHOWS SHARP GAIN

NEW YORK, September 10 o.
The Hudson Motor Car Co.'S net in
come for the nine months ended
August 81 jumped to 6.722 ,269 equal
to $12.SS share in contrast 10 $6.-
317 .463 or $4.7S share in the same
period last year. Net for the quarter
ended August 81 was $6.926.554
against S59Ss,7s3 the preceding
quarter and s2.31s.4as in the third
quarter Of the previous fiscal year.
Evening star., 1925-09-19
SEABOARD TRAFFIC UP.

NEW YORK. September 10 P).-
Heavy traffic was handled BY the Sea
board Air Line in August and the first
half Of September. August loadinss
gaining 25.I per cent over the same
month last year. In the first Is days
this month the road handled 92.617
cars. against 711S1 a year ago. an in
crease Of 30 per cent
Evening star., 1925-09-19
BUS LINE GETS PERMIT.
Maryland Application Pending
Since Last June.

Special Dispatch to The Star.
BALTIMORE, September 19.-Per-
mission has been granted by the Pub
lie Service Commission for the opera
ton ef a motor bus line from Emmits-
burg 10 Baltimore by the Coma
Motor Co. The matter had been un-
der consideration by the commission
since June, when other bus lines op-
posed issuance of the permits.
The Conaway bus line will be al
lowed TO make two round trips daily
between Baltimore and Emmitsburg
via Taneytown, Westminster and Refs.
tertown.
Evening star., 1925-09-19
BANK LOANS LIGHT.
Plenty of Funds Available in Bal
timore Market

Special Dispatch to The star
BALTIMORE. September l9.-Local
banks as rule are well supplied
with funds which they are glad to
put out At and S1z per cent for
so to 90 days. Most of the business
is transacted Al the inside rate.
Generally at this time of the year
the market ie marked by sea sonal
frmness, but this is hardly per
ceptible now because of the fact
that most industries are so well off in
cash resources that they are lending
instead Of borrowing funds This is
reason why both banks and de.
posftors are driven to the investment
markets. Incidentally. IL explains the
avidity with which new offerings OF
securities are snapped up.
The same situation prevails In rural
communities. Farmers realized good
prices for their crops and have plenty
of money and are not borrowing
funds to any extent.
Evening star., 1925-09-19

New Orleans Quotations.
NEW ORLEANS. September 10
| The cotton market had quiet open
ing, and. although Liverpool came in
better than due. first trades here
showed losses of 10 4 points. Prices
eased off further right after the call
on continued liquidation Of longs. Oc.
tober traded down 10 1881 and De
cember to 22.93' The market then
showed a slight tecsency 10 rally. and
prices were almost at yesterdays clos
ing levels. The market continued un-
der the influence Of the impending
Government report.
New Orleans sep,ember ia.-Cotton fu-
lures closed steady al net unchanged N
Evening star., 1925-09-19
Gasoline Price
Reduced Today
In Nearby States
Ry the Associated Press

Ry the Associated Press.
NEW YORK. September 19.-The
Standard Oil Co.. Of New Jersey to-
day reduced tank wagon gasoline n
cent gallon in certain States in it's
territory, new prices in Maryland,
Virginia, North and South Carolina
now being Is cents a gallon. and West
Virginia 151a cents. Quotations in
New Jersey and the cities Of Balti
more and Washington were un-
changed.
Evening star., 1925-09-19
LARGE ORDERS AHEAD.

NEW YORK, September 1a tP).-
Orders for 4.5oo tons of pig iron have
been placed by the American Locomo.
tive Co. for shipment over the balance
of the year to Its various plants.
Evening star., 1925-09-19
Query the Promoter.

Determine how much Of his own
money the promoter is putting into
his scheme before you decide to risk
yours. Don't take his word for it
make him prove it,
Evening star., 1925-09-19
boston STOCK MARKET.

BOSTON. September 19-Follow
ing is a list of today's high est, lowest
and closing prices for the most active
stocks dealt IN here:
Evening star., 1925-09-19
NEW YORK CURB MARKET
Received by Private Wire Direct The Star Once

NEW YORK. Sepiemher aa.-Fol-
lowing is En- official list OF bonds and
stocks traded in on the New York
Curb Market today:
Evening star., 1925-09-19
Money to Loan

Secured by hrst deed OF trust on real estate
Prevailing interest an6 Computation
Joseph |. Weller tso s Wash a.h I. Tr1s'
Evening star., 1925-09-19
New Orleans Quotations.

January. a3ss: March. e4ls; May. -
Evening star., 1925-05-05
FENCING TEAM WINS
LETTERS AT WESTERN
Awards to Girl Students Based on
Quality of Sportsmanship
Shown in Tests.

Western High School awarded let.
ters this year for the first time to
members of the varsity fencing team
The awards are based on the quality
of the sportsmanship shown, the girl s
ability as a fepcer, her perseverance
and regularity at practice and her
grace. Thursday the girls fought ex.
hibition matches at the studio of Prof
Lanzilli.
The varsity team is composed of
Mary Phelan, captain and manager
Alice Flanagan, Josephine Stevens,
Nan Surface and Lucille Weber;
chosen from the 80 girls who make up
the fencing club and who have been
practicing regularly since October. AT
an assembly last week the following
girls were awarded "Ws" by Miss
Belle Meyers and DIR. Elmer S. New
ton, principal: Mary Phelan, Nan
Surface and Lucille Weber 'F's''
were awarded to Alice Flanagan and
Josephine Stevens, honorable mention
in fencing.
A senior class meeting was called
last week for the selection of the class
night officers. Those elected were
Class poet, Alice Graham; giftatorian,
Robinson GlaZebrook; historian, Ty-
Evening star., 1925-05-05
RELIEF ASSOCIATION
DECISION CONFIRMED
Appellate Court Upholds Removal
Of Brosnan Estate Administrator
and Denial of Accounting.

The removal of John Brosnan, jr..
as administrator of the estate of his
father, John Brosnan. was upheld
yesterday by the District Court of APP
peals in an opinion by Chief Justice
Martin. The appellate tribunal also
affirmed the action of the District Su-
preme Court in refusing an accounting
asked in the suits brought by the
five sisters of Brosnan in connection
with his management of the Provident
Relief Association.
Brosnan is required to pay over
S2,S34 excess salary paid himself as
president of the association to the
National Savings and Trust Company,
the new administrator, which is en-
powered to demand a surrender of all
the assets of the estate of the senior
BroSnan.
In sustaining the action of the low
er court, 1t is said, the decision con-
firms the claim OF John Brosnan. jr..
that he is the owner of 497 shares of
the stock of the Provident Relief AS
ISOLATION, which 1t was claimed was
only norninally in his name, but really
belonged to his fathers estate.
Evening star., 1925-05-05
HIT AERIAL TARGET.
Frequent Scores Are Made in Pa.
cific Coast Air Defense Tests.

SAN FRANCISCO, May 5.-A series
of demonstrations held at Fort Scott
here yesterday to test the accuracy
of ground defense against aerial at
tack disclosed that frequent hits ha6
been made on a sleeve-shaped target
at heights varying from 1000 to 1,50(
feet.
Military authorities, in announcing
the results. said that the hits were
scored by a .3O-caliber machine gun
The target was 10 feet long and ;
feet in diameter. The demonstrations
were conducted by members of the
63d Coast Guard Artillery. an anti
aircraft regiment. stationed at Fort
Scott.
Evening star., 1925-05-05
u. S. Expert to Lecture.

DIR. Edward Burkhoider OF the De-
nartment of Agriculture will lecture
on "The Cycle of Life" at the Ham
line Methodist Episcopal Church,
Fourteenth and Emerson streets.
Thursday evening at o'clock. Miss
Vesta Pollock, Fred East and Z. r.
Embry will give group OF songs
and the New Jerusalem Masonic Glee
Club of 25 voices will sing. The pro-
gram will be conducted by John L.
Skinner.