davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29
TWENTY lone LOAN and BUILDING ASS'NS
REPRESENTED At ANNUAL MEETING HERE

made to associations was discussed
by Fred F. Lawrence, State Bank
Commissioner. 1t was pointed out
by Commissioner Lawrence that
such payment really becomes a liza.
Eiljty instead of an asset.
Resolutions were adopted on the
death of Capt. Edward A. Butler Of
Rockland. q past president of the
Associat ton,
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

r;tation For Adoption of
I1uuior High School System
And Construction of New
Ruilding Raises Question As
a Possible Location-Fig-
,res Show Five-Ninths of
u;vh School Students Reside
=, West Side of River
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

New Haven. Conn, Jan. 2s.-Sub-
zero temperatures prevailed through.
out Connecticut this morning, follow
ing snowfall of six inches and high
winds. The temperature at the local
weather bureau dropped to three de-
grees below zero, the coolest since
February. 1929. Upstate points re-
ported temperatures ranging down to
IS below zero. James Kelly. 20. Of
Winsted. dropped dead Of heart fail
ure. apparently caused by the intense
cold, as he left train at Derby.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

Olympia, Wash, Jan. cS.-The
house today rejected the Westfall
bill. which would refer the child
labor amendment to tho voters al
the next general election. 1t was
passed by the senate yesterday.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

Santa Te. n. NJ, Jan. 2S.-By a
vote OF AZ to ., the house Of repre-
aentatives OF the state Legislature
.ate today voted to ratity the federal
child labor amendment.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29
NEWS BRIEFS

Riga. Lithuana, Jan. 2S.-The
Lithuanian government resigned to-
day.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

st. Adams, We, Jan. 2S.-The low
est temperatures of the winter pre-
vailed here this morning, with thor
mometers reading from % to 81 below
zero.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

was out in dory hauling trawlA
and failed to return. No trace of
his boat was found.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

Rome, Jan. 2S.-(By A. PA
group OF young Republicans was ar
rested today while arranging for the
purchase OF SUI military pistols from
the barracks of the abineers. The
Republicans are said 10 have ap-
preached the Cara bineers with their
proposal and to have given them
loo lire as a guarantee OF good
iaith for the payment of an addi-
tional 5000 lire for the pistols.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

Herrin. Ill, Jan. 2S-(By A. Pr
Anti-klan was given it's turn today
in witnesses summoned to testify be-
fore the coroners jury investigating
the deaths of S. Glenn Young. X. X. X.
liquor raider; Ora Thomas, deputy
sheriff. and two Young followers shot
and killed last Saturday night in the
most recent fiareup of opposing pas
sions in Williamson county. The khan
supporters had their inning yesterday
when several witnesses testified
Thomas was first to fire when he con-
fronted Young in the little cigar store
where their old dispute was ended by
their deaths.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

New York. Jan. 2S.-Speculatfons TO-
day concerning the disappearance Of
Ethel Leginska, noted English pianist,
OH Monday night just before she was
to play before an audience in Carnegie
hall, ranged from suspicious of pub
Lefty stunt to more serious cont>c-
lures. While the police continued
their search for her. 1t was ascertain
ed fairly definitely that she had been
at the home of friends since the
search began. Some of her acquaint-
ances said she apparently fed in a At
of artistic temperament. They seemed
to feel little alarm over her disap-
pearance. She played truant in much
the same way in London Is years ago,
it is said.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

Winnipeg. Man.. Jan. 2S.-Remin-
tscent of the market of war days, the
Winnipeg grain exchange today was
the scene of fevcrish activity when
May wheat prices went to q new
high record for the movement Of
$40 7-S bushel. a gain of 1-SC
over Tuesdays closing prices.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

Concord. N. IT,. Jan. 2S-The
House today adopted resolution
carrying appropriations of $500 to
be expended in complete audit and
examination of all departments and
Institution accounts with a view to
recommending the consolidation of
some state departments and the
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

tested today while arranging for the
purchase OF SUI military pistols from
the barracks of the abineers. The
Republicans are said 10 have ap-
preached the Cara bineers with their
proposal and to have given them
loo lire as a guarantee OF good
laith for the payment of an addi-
tional 5000 lire for the pistols.
Winnipeg. Man.. Jan. 2S.--Remin-
tscent of the market of war days, the
Winnipeg grain exchange today was
the scene of fevcrish activity when
May wheat prices went to q new
high record for the movement of
$40 7-S bushel, a gain of 8 1-Sc
over Tuesdays closing prices.
Havana, Jan. 2S.-An agreement
on a parcel post convention i'll which
the weight limit of packages was
raised to eleven pounds, was arrived
at here today, between American
and postal officials. They also
worked out tentative plan to
speed UP the delivery of mail coming
to Cuba from the United States.
Berlin, Jan. 2S.-(By A. P.)-
Finance Minister DR.. Otto Von
Schlieben, in a statement before the
budget committee of the Reichstag
today, said that at last the govern
ment had succeeded in restoring or
der In the country's finances. The
revenue for the past nine months, he
stated. exceeded the estimates for
the whole financial year which
would probably conclude without n
deficit.
Washington, Jan. 2S.--Higher
temperatures and more snow or rain
tomorrow in the Ohio valley, and
lower lake regions, spreading est
ward during the night to the north
and middle Atlantic section, were
forecast tonight by the weather bur-
eau. Unofficial thermometers in
Washington early today gave their
owners thrill by reaching zero.
STANFORD, Conn. Jan. 2S.-In
binding snow with Temperature
dropping toward the zero mark, city
and Sound Beach frcmen fought
throughout the night to subdue two
Tres. one of which destroyed the
Grand Hotel, n landmark in State
street. with an estimated loss of $50,
uOW, the other Burning a dormitory
at the Masse School. Shippan Point,
with loss of $4,000.
New York. Jan. Is, Moe thurman.
the ambitions young findncier. who
pyramided a 500 dollar debt to his
mother to an obligation of nearly So
100000 to scores of other persons
Will plead guilty to Indictment of
forgery, his counsel said today.
Pittsfeld. Mass, Jan. 2S-The I'M
official observations here today show
the thermometer registering 10 be-
low zero. Unofficial obscrva tons in
the outskirts of the city showed as
low as 80 below zero.
Johnstown. Pa. Jan. ga bomb
exploded in the South Fork postofiice
Is miles from here today when
man tried to insert a package in
mailing slot. Early reports did not
give en- estimate Of the damage.
Concord. N. H.. Jan. 2S-The
House today adopted resolution
carrying appropriations of $500 to
be expended in complete audit and
examination of all departments and
ir stitution accounts with a view to
recommending the consolidation of
some state departments and the
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

Johnstown. Pa, Jan. ga bomb
exploded in the South Fork postoffice
Is miles from here today when a
man tried to insert a package in a
mailing slot. Early reports did not
give an estimate OF the damage.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

Havana. Jan. 2S.-An agreement
on a parcel post convention in which
the weight limit of packages was
raised to eleven pounds, was arrived
at here today. between American
and postal officials. They also
worked out tentative plan to
speed UP the delivery of mail coming
to Cuba from the United States.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

Pittsfleld. Mass. Jan. 2S-The I'M
official observations here today show
the thermometer registering 10 be-
low zero. Unofficial obscrva tons in
the outskirts of the city showed as
low as 80 below zero.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-29

New York. Jan. IS, Moe thurman.
the ambitions young findncier. who
pyramided 500 dollar debt to his
mother to an obliga ton of nearly ST.
O0O.O00 to scores of other persons
Will plead guilty to indictment of
forgery, his counsel said today.
Evening star., 1925-10-17
CHECK COLLECTION
RECORDS SMASHED
Federal Reserve Reports New Mark
in Business for Single
Day.

By the Associated Press.
NEW YORK, October 17.-All rec
ords for single days check collec-
tions by the Federal Reserve System
were broken this week when more
than 100000 checks, with a total
value of almost 81 1000, 900 600, passed
through the II reserve banks at the
peak of the post-holiday collection
rush on Wednesday.
Collections at the New York bank
alone aggregated 1853 900 900 on the
659 900 check items, some of which
included bundles of a dozen or more
separate checks. Clea aranCeS also We're
unusually heavy on Tuesday and
Thursday, the peak of the movement
at Chicago being reached day ear
lier than at New York, when $40 900
checks, with a face value of S117, 7,000,-
900, were received. Other Federal re-
serve banks reported the heaviest col
lections in their history.
Indications of expanded Fall busi
ness We're reflected in the heavy
check movement, which shows a bulge
at this time every year because set
tlement day for many merchants on
their Autumn orders of goods falls on
October 10.
Evening star., 1925-10-17
WHOLESALE PRICES
IN SLIGHT DECLINE
September Drop Largely Due to
Fall in Grain, Hogs, Onions,
Potatoes and Wool.
By the Associated Press.

By the Associated Press.
A slight decline in the general level
of wholesale prices in September. as
compared with August, due chiefly to
a drop in the farm products and mis-
cellaneous commodity groups, was re-
ported today by the Bureau Of Labor
Statistics of the Department of Labor.
The bureaus weighted index number,
figured on prices for 404 dpmmodities,
registered 1879 for September, as
compared with 1904 in August. The
general level, however, was still 1-3
per cent above that of September last
year.
Falling prices of gradn. hogs,
onions. potatoes and wool were chiefly
responsible for the recession in the
farm products group from 1851 to
1881 in the month. Lower prices
were reported also for clothing ma
terials, fuel and housefurnishing
goods. Metals and metal products
showed practically no change, while
the foods and building material
groups were among those showing
slight increa ses.
Evening star., 1925-10-17
LATEST ST. PAUL PLAN
ATTACKED BY CHAIRMAN
Ecker Does Not Approve of Roose-
Welt Scheme-Would Weaken
Road. He Claimed.
BY the Associated Press.

BY the Associated Press.
NEW YORK, October 17.-Charges
that the Roosevelt plan for reorgani-
Zation of the Chicago, Milwaukee and
st. Paul Railway contained basic de-
fects which would materially weaken
the roads financial structure We're
made yesterday by Frederick II.
Ecker, chairman of the original bond
holders protective committee. formed
when the company was placed in re-
ceiyership last March.
Mr. Ecker levejed his criticism or
the alternative plan, particularly at
the proposal to iquidate only $1,000
600 of the roads S55 200, 900 Govern
ment debt at this time, and to stretch
payment of the remainder over con-
cIusion of the agreement, or that the
ARA ngement was in the nature of an
offensive step against the Standard
Oil Co. or any other group.
Evening star., 1925-10-17
MINING.
RECORDS BROKEN
In WEEK OF WILD ADVANCES
Prices Up $l6 Per Share Since First of Year-Inside
Interests Extra Active-Danger Point in
Sight-Trade Reports Good.

ing and selling was artificial, designed
not to accumulate stocks on ideas of
their merit, but simply TO force their
prices up and create a better market
for distributing purposes.
Predictions of how long a move
ment of the sort Is likely 10 run are
absolutely of no value. 1t all depeuds
upon how far the sheer momentum
of rising prices will carry.
The only outside check conceivable
would come from the Federal reserve
shutting down as they did in No
vember. 1919. or as they threatened
to do in March, 1923.
Reserve Funds Small Factor.
So far there has been no sugges-
ton of this happening. For one thing
the banks have been financing the
big Wall Street speculation, along with
the seasonal demands of trade and
harvesting, with little recourse to the
Federal reserve institutions. In the
week ended last Wednesday redis-
counts in the New York district were
actually lower than they were the
week before.
For another thing, raising of the re-
discount rate would have an unsettling
effect upon international relations. 1t
would accelerate the gold movement
from Great Britain to the United
States, which both sides are desirous
Of keeping down as much as possible.
Danger Point in Sight.
Still, without any hindrance in the
shape of restricted credit, the eX-
perience OF the last three years es-
pecially has shown how big upward
movements can suddenly terminate
simply by way of paying the penalty
for speculative eXcesseS.
The danger stage is usually ap-
preached when contact is lost with
outside conditions, and it is certainly
a question. even with the acknowl-
edged prosperity in the automobile
trade. whether advances Of 10. 80
and 40 points in this class of stocks
in a single month have not done some
very liberal discounting.
Francs Make New Low.
Within the week French francs
have sold at new low for the year.
This coincided with the further in
tiation In French paper issues and
with the reported stand of the Govern
ment at Washington against more
loans TO countries maintaining large
standing armies which have not
settled their American war debt.
The successful conclusion of the
Locarno negotiations has been a
factor in the market for foreign
bonds, which developed considerable
strength toward the close Of the week
On the other hand, there has natu-
rally been some selling of tax-eXempt
issues like the Liberty aus, which
would become less attractive in the
eyes of wealthy investors II the tax
Evening star., 1925-10-17
ADVANCE IN WOOL.

BOSTON, October II tSpeciaD.-
The better weights of fine woods have
advanced in response to the demand.
Michigan delaines sold at 80 to so
cents. grease basis. and Ohio delaines
as high as "a. Fine combing terri
tories went at Sl.39 in some sales
and Australian super 64-70s at Sl.07
to S1.lU clean basis in bond. Mediums
also We're slightly higher.
Evening star., 1925-10-17
NEW YORK CURB MARKET
Received by Private Wire Direct to The st.r Omes

continued to stand out on the side OF
advance. Included among these were
Richmond Radiator. which established
a new high for the year; General Rail
way Signal, which gained a point, and
Canada Dry Ginger Ale, which was up
almost 8 points at one time. New
Jersey Zinc continued to reflect the
highly favorable condition in the mar
ket for the metal, which again estab-
lished a new high for the year.
Evening star., 1925-10-17
COTTON FUTURES
ARE FIRM TODAY
End Weeks Trading With No
Marked Changes in
Either Direction.
By the Associated Press.


NEW YORK, October 17.-Cotton
futures opened steady; October. 21.2O
bid; December, 21.5O: January, 20.S5;
March. 21.10: May. 21.37.
The New York market opened
steady at an advance of to 10 points
and sold l. to 90 points net higher in
the early trading on steady Liverpool
cables. more encoura ging reports from
Manchester and official predictions for
frost in Arkansas, Oklahoma and
Texas Panhandle.
December sold up to 21.65, but a
good deal of realizing for over the
week end and some Southern hedging
supplied the demand from shorts and
the trade around this figure. and the
market showed reactions OF s or Q
points from the best at the end of the
first hour.
Private cables from Liverpool said
the market was slowly recovering
from the effects OF the last bureau re
port, and that the trade was most
active, both at Liverpool and Man
chester.
Evening star., 1925-10-17

next session, as il generally expected.
The trade reports at the week end
indicate a continued tendency for
ward but in the case of steel the
expansion in mill operations has SO
far failed to bring about any appre-
ciable advance in prices, and the
steel price level is admittedly low.
such an advance may come later and
enable the steel companies to- extract
a more satisfactory profit margin, but
it has not come yet.
tCopyriEht. 1e25.)
Evening star., 1925-10-17
HUNTING SEASON NEAR.
English Hounds in Training for
Big Events.

LONDON, October IT C0.-In prep
aration for the fox hunting season.
for which society, with a big S, fiocks
to the country during November,
many packs of hounds in the counties
are now engaged in "subbing" or in
killing off the superfiuous young
foxes, which clears the field and gives
the hounds a taste for the sterner
work ahead.
The Prince Of Wales hunting horses
have recently been going through
training at Melton Mowbray. where II
Is expected the Prince will put in
considerable part OF his time in hunt
ing after the ceremonies attendant on
his return from the South American
tour are finished.
Evening star., 1925-10-17
TRADE HOLDING Up
WELL OVER NATION
Employment Indicates Fine
Buying Power Is Sure to
Prevail for Months.
BY j. C. ROYLE.

Merchants and distributors all over
America found distinct encouragement
today in the volume Of employment
which prevails. 1t Is only in extreme
ly scattered districts where any large
volume of workers now are idle. The
anthracite strike, it is true, has thrown
100, 900 men out of work. but for the
country in general employment is at
an extremely high stage. AS long as
this is so. merchants feel that the
buying power of their consumers will
remain unaffected and that they can
depend on steady and increasing vol
ume Of business as the year draws 10
a close. In fact, some merchants al
ready are beginning to collect and
train their extra holiday help.
The business of the steel mills has
been maintained at a high rate of op-
Grafton and 1t is possible that when
complete figures are in this week Will
show "a slight percentage of advance.
1t has already shown a decided in
crease in the volume Of orders booked.
Prices are steady rather than trending
upward
Evening star., 1925-10-17
INDUSTRIALS
BY STUART p. WEST.

Special Dispatch to The Star.
NEW YORK, October 17.-Wall
Street, during the last week. has been
busy making records. Transactions
have reached daily average sur
passing anything seen in the last nine
years.
On December 81, 1916, at the cul-
mination of the second of the great
war booms, the volume of business
ran close to the million share
mark. With this exception. the com
parison of maximum totals would
have to go back to the Northern Pa
Citic panic in 1901.
In that historic period there were
less than 200 stocks being actively
dealt in. Now. the active trading list.
larger than anything known in stock
exchange history, has reached almost
500. 1t is not surprising, therefore,
that the modern market is so large.
Price Average Up 81 Share.
Stock prices have risen an average
of about 81 q share during the week.
They are up SIS on the year. This
is a remarkable advance, the like Of
which has seldom been equaled in our
financial experience.
Still. 1t has been Il very poorly dis
tributed movement so far. Certain
groups of stocks like the motors
and shares of merchandising COM
panies have gone ahead eKtraordi-
narily In other groups, like the
rails, the coppers and the oils, the
advance has been moderate and not
at all suggestive of the big bull
mark cts" Of the past.
SteeIs Forge to Front.
Toward the close of the week there
seemed to be powerful effort to
take away the impression that the
market, as it has been since the firrt
Of September, was built around the
motor stocks. There was a diversion
into the steels, probably under the
auspices of the same big traders who
had made the profits in the motors
and had all the confidence which
comes with great gains quickly and
easily made.
The picture has been commonly
drawn OF the outside public specu-
lating on q vast scale. The accuracy
of this description Is open TO ques-
ton. There Is no doubt that the pub
lie, meaning by this outsiders who do
not habitually trade in Wall Street,
is interested to a larger extent than
at any time since the Spring of 1923.
But the main impulse has been
coming from rich inside spectators,
either acting alone or with associa-
tions known as pools.
Much "ArtificiaI" Trading.
Nobody of experience could have
looked on at the recent spectacle on
the Stock Exchange without con-
Guiding that a great deal of the buy
Evening star., 1925-10-17
Washington Stock Exchange
SALES.

SALES.
Washington Gas 5s-S5O0 at aa1.
Capital Traction-2O at 10l. 10 at l01.
Norfolk & Washington Steamboat Co.-6
at 26s
Washington Gas Light-10 at 6sH. 10 at
10. > AT 20. , at 20. 10 al Il. 10 at II n.
Washington Rwy & Elec. com-1O at
J 20, 10 at III.
SAP.
Federal American National Banks at
AFTER CALL
Washington Gas Js-o5UO at 99i.. $500
at paiA.
Washington Gas Light-1o at II u. %
NJ 12 ~.
Washington Gas 6s 33-s1 900 at 1O2 u
Evening star., 1925-10-17
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., 1925-10-17
BOSTON STOCK MARKET,

BOSTON. October 17.-Following
is a list of today's highest lowest and
closing prices for the most active
stocks dealt i'm here
Evening star., 1925-10-17
Weekly Cotton Review.

NEW YORK. October II CP.-Ral
lies from the low prices reached on the
break OF last bureau day have not
been fully maintained in the cotton
market, but trade buying or covering
has been in evidence on the declines
with prices showing a tendency to
steady below the 21ta cent level for
December. The bearish sentiment
created by the increased estimate OF
the crop and heavy ginning figures
has remained a factor, and has doubt
less accounted for increased offerings
on the advances.
Selling on the decline, however, has
been held in check by reports of heavy
rains or low temperatures in the
South, and. according to local brokers,
a good many contracts have been
taken out of the market by trade buy
ing on scale-down orders. The heavy
rains In the South have been accom-
panied by reports of damage to open
cotton and killing frosts have been
reported It number of points in the
northern part of the belt.
Freezing temperatures have not
been general to cause much alarm ap-
parently and the impression here APP
pears TO be that the reports OF rain
damage have referred chiefly 10 the
grade Of open cotton.
On the whole, consequently, there
does not appear To have been much
disposition TO shade down estimates of
the crop, but il is expected that the
unfavorable weather may show in
rather lighter ginning returns to Oc-
toher IS. than previously anticipated.
Ideas as TO the showing of the next
Government crop report, scheduled for
publication on October %. have not
yet been definitely formulated. but
private reports are expected next week
which will probably. create sentiment
as to its showing.
Latest Crop Estimate.
A report issued by a prominent
eastern belt spot firm yesterday esti-
mated the yield al IA .8S1 900 bales, or
Il shade over the last Government
bureau, but appeared 10 be without
much effect on the market, which was
regarded by some brokers AS indicat-
ing that traders were pretty we'll pre-
pared for an official forecast of be
tween 14a4 and l5 million bales. Mean
while reports from the textile trade
have emphasized prospects for a good
business on the basis of larger crop
and the lower level of prices.