davidaulloa/AmericanStories huggingface dataset:
Evening star., 1925-02-28
GRAIN PRICES GAIN
DURING WEEK
Wheat Sweeps Rapidly as
Europe Buys as Far Ahead
as September.
BY the Associated Press.


CHICAGO, February 28.-Eyery day
this week the wheat market has
swept rapidly upward in price, and
It has been disclosed that Europe is
already contracting for wheat ship
ments from the United States from
as far ahead as next July. August and
September. Such contracting is some
thing unheard-of heretofore at this
time of the year and has tended to
emphasize predictions Of world short
age of breadstuffs. Compared with
week ago, wheat this morning was
10 to IA cents a bushel higher, corn
u to up. oats showing / Is to 2b
gain and provisions at 70 to 80 cents
advance.
The biggest jump in price has been
for the July delivery of wheat repre-
senting the first available wheat from
the new 1925 domestic crop. On one
day alone July wheat whirled upward
more than s cents a bushel Spec
ulative interest switched at once from
the May delivery, which stands for
wheat capable of more immediate use
as food and which until this week
had nearly monopolized active deal
inss. The wide discounts at which
July was selling here as cOmpa red
with May, and especially the fact
that the July delivery at Liverpool
was ~ cents above the July delivery
at places in this country, did much
TO divert the bulk Of trading to July
and to make values here skyrockct
Focusing of attention on new, crop
deliveries of wheat was accompanied
by estimates that farm reserves OF
old wheat in the United States had
been reduced TO a great extent as
compared with year ago. Cror
damage reports from various sections
Of the domestic Winter wheat belt
were also stimulus TO buyers
Corn and oats derived their gains
largely from the soaring of wheat
values. There were also reports that
the official figures on farm reserves
VIII show unusually small stocks oi
corn IN the country
Hogs at the topmost price since
1920 did much to lift provisions.
Evening star., 1925-02-28
PARIS PRICES UNSTEADY.

PARIS. February 2S.-Prices moved
irregularly on the bourse today. Three
p"r cent rentes, As francs 10 CEN
times.
Exchange on London, SO francs
confines.
Five per cent loan, 81 francs 10
centimcs.
Thc dollar war quoted at 10 francs
b centimes
Evening star., 1925-02-28
STOCKS co HIGHEST
IN SEVERAL YEARS
Operators for Rise Hold Full
Control of Lively Satur-
day Market.
Bv the Associated Press.

Bv tNo NssoClatcd FrcSS.
NEW YORK, February 2S.-opera-
tors for the advance regained control OF
today's stock market. and prices forged
readily ahead into higher ground. with
steady investment buying reducing the
floating supply of stocks. traders eN-
perienced little difficulty in pushing up
their favortes i'm all sections of the list.
Many hich-priced issues We're bid up
to the highest levels in several years,
with speculative shares in the oil, motor
and public utility groups responding to
reports of larger dividends, special dis
tributtons to stockholders and merger
possibilities. Texas Gulf sulphur at
1o7i2 sold 6 points above yesterdays
low, and Crucible Steel reached a new
high on the current move at 7Sl2.
The closing was strong. Sales approx
mated 750,0 900 shares.
Evening star., 1925-02-28
FINANCIAL NOTES.

NEW YORK, February 2S.-Na-
tional Leather Co. reports a reduced
deficit of s92,S43 for 1924, in contrast
to a deficit of s3,S67,443 the year be-
fore.
Net income Of the United Cigar
Stores Co. for 1924 increased to Sc
696,699, compared with S4,757,927 in
1929, equal after preferred dividends
to S4.7S share on the s25 par value
common stock.
The Erie Railroads preliminary
report for 1924 shows net income of
se.6o1 629, equal after allowing for 4
per cent dividends on the first and
second preferred stock to S6.26 a
share on the common. This compares
with sS,435,272, or s5.22 a share in
1928.
Evening star., 1925-02-28
CORN PRODUCTS NET.

NEW YORK. February 2S-Oper-
ating' profit of S14,510016 in 1924 is
reported by Corn Products Co., com
pared with s13.97S.966 in 1928 Net
income was s10,sss,296, equal after
preferred dividends to S3.61 share
on the s25 par value common stock,
against $10,f71 $50, or s1754 a share,
on the 500 par common the year
before.
Evening star., 1925-02-28
RAIL EARNINGS IMPROVE,

NEW YORK, February 2S.-Janu-
airy net operating income OF both the
Great Northern and the Northern Pa
ciic shows improvement over the
same month last year. Great North
ern reports an increase to sS0s0I5
from So52 03S, and Northern Pacific,
$760,0S6, compared with s509,42Q a
year ago.
Evening star., 1925-02-28
COTTON INQUIRY STARTED
Agriculture Department Acts on
Complaint Over Grading.

Cotton stocks held in New York
Will be reclassified to determine
whether there is basis for assertions
that inferior grades are being deliv-
cred on future contracts.
This decision was reached at q
conference between Senator Smith,
Democrat, South Carolina, and Of
.icials of the Agriculture Department
who have supervision of cotton flu
lures act.
Evening star., 1925-02-28
ZINC OUTPUT INCREASES.

NEW YORK, February 2S.-The
world output of zinc in January is
rstimated by the American Bureau
rf Metal Statistics at 10000 tons, an
increase of $500 over December and
II 400 more than November. The
United States, with a production of
ao.SS6 tons against 47,7ll in Decem-
b-r, was the only country to make
any noteworthy gain for the month.
Evening star., 1925-02-28
NEW DIRECTORS NAMED.

NEW YORK, February 2S Especially.
Samuel G.. Dobbs of Atlanta and A.
G. Boesel of New York have been
elected directors of the Kelvinato
Corporation of Michigan. Mr.. Dobbs
is chairman of the board of the At
lanta National Bank and was for
many years head of the Coca Cola Co.
Mr.. Boesel is a Junior partner OF one
of the banking houses which recently
made the first public offering of kel-
yin tor q.
Evening star., 1925-02-28
GOLD DUE FROM LONDON.
Shipment Presumably in Payment
of Next Debt Installment.

NEW YORK, February 2S.-Gold
approximating $4,000, 900 is due to ar
rive from London next Tuesday,
which is understood to be consigned
TO J. =. Morgan & Co. for the account
of the British treasury, presuma bly,
in payment of the debt installment
due on June 5.
Evening star., 1925-02-28
Markets at a Glance

NEW YORk-Stocks strong: oil
issues advance on merger reports.
Bonds irregular; Pan-American 6s
active. Foreign exchanges firm
sterling rallies over a cent. Cotton
quiet and steady; firm Southern spot
markets. Sugar higher; commission
house buying. Coffee steady; trade
support.
CHICAGO-Wheat. strong; decreas-
ing stocks. Corn, firm; expectation
bullish farm reserves. Cattle, steady.
Hogs, firm.
Evening star., 1925-02-28
New Orleans Quotations.

NEW ORLEANS. February 2S-Tbe
cotton market was slightly easier at
the opening today owing TO Liverpool
being lower than due and on official
forecast for rain in the Western belt.
First trades showed losses of to :
points on old crop months but no
change on October. Prices eased off
further soon after the call until May
traded at 1926, July at 25.4S and
October at 2466, or 10 TO IL points
below the close of yesterday. March
eased off to $500, or IA points net
lower.
The news OF the death Of President
Ebert of Germany added to the easier
tone. Tho market quieted down at the
end of the first half hour, prices show
ing slight recovery from the loss.
NEW ORLEANS-Cotton futures
closed steady at net points up to
down
Evening star., 1925-02-28
DIVIDENDS.
ALCOHOL PRICES CUT.

NEW YORK. February 2S.-The
United States Industrial Alcohol Co.
today reduced the New York price of
denatured alcohol, known
TO the trade as CD-5. II cent a gallon
to 501a cents a gallon for carload lots
in drums. AS New York is now a
point, the reduction, which
represents the freight charge from
the former nearest producing base,
was made possible.
Evening star., 1925-02-28
POWER DEAL REPORTED.

NEW YORK, February 2S-Inter-
ests affiliated with the American
Power and Light Co. are understood
in the financial district to have ac-
quired the majority stock of the
Northwest Electric Co, which oper-
ates in Portland, Ore, the State of
Washington and Vancouver, s. c.
Evening star., 1925-02-28
EARNINGS BEST YET.
Industrial Finance Corporation Re
ports Excellent Year.

NEW YORK, February 2S.-Net
earnings of the Industrial Finance
Corporation in 1924 amounted to
1851, 900, the largest in the company's
history. Undivided profits, after pre-
fcrred dividends, was S1,194,357. Total
assets exceeded $10,OO0,000. The cor
poration organized the Morris Plan
Bank, which now has 1l6 offices in
the United States. and it also con-
trolls the Industrial Acceptance Cor
poration, which finances time sales
Of Studebaker Motor Car dealers.
John Markle. president of the Jeddo-
Hyland Coal Co, has been elected
chairman of the board.
Evening star., 1925-02-28
RATES ON BAR SILVER.

LONDON, February 2S.-Bar silver,
"2h per ounce. Money, 3a per cent.
Discount rates--Short bills, 4 Y per
=. mt; three month bills, AZ per cent.
NEW YORK. February 2S.-Bar sill
yer. 6S2s: Mexican dollars, 523s.
Evening star., 1925-02-28
STEEL STOCKS POPULAR.

NEW YORK, February 2s.-Bro-
kerage houses report better de-
mand for stocks Of independent steel
companies, based, it was believed, on
feeling that the showing Of Beth
lehem Steel, Republic Iron and Steel
and others in the current quarter, will
offset the discouraging earnings
statements of some of the indie
pendents last year.
Evening star., 1925-02-28
CLOTH MARKET SPURTS.

NEW YORK, February % (Spe-
goods markets closed
the week with a squirt of activity,
but with prices generally unchanged.
Print cloth quotations stood at 95s
cents for 64 by 60, and liz cents for
6S by 72. Raw silks were quiet and
unchanged.
Evening star., 1925-02-28

openng-March. % o.; May. 1894; july
300; October, 24.T7; December, 24.7e.
Spot cotton closed steady, ) points up
Sales on the spot. $50: to arrive, 233:
low middling, 1895: middling, 25.35:
good middling, 1886; receipts, 1857:
stock, 31S, 392.
Evening star., 1925-02-28
FOREIGN EXCHANGE.
Citations furnished by W. B. Hibbs &, Col
s.a1n .I.~-.
SHEET BRASS CHEAPER.

NEW YORK, February, 2s.-The
American Brass Co. today reduces
prices one-half cent a pound on sheet
brass to 1915 cents, seamless brass
tubes to 2334 cents and sheet copper
TO 2c12 cents pound.
Evening star., 1925-02-28

With a. view to quicker delivery.
Ge rnlany and the Baltic States re-
Gently made an agreement with the
International Sleeping Car Co.. to
carry postal parcels.
Evening star., 1925-02-28

Congestion on the sidewalks of
Paris has become so great that many
are forced to use taxicabs to get
around the crowds.
Evening star., 1925-02-28
CHICAGO STOCK MARKET.

CHICAGO, February 2S.-Followine
is report of today's sales, high, low
end closing quotations at the Chicago
Stock Exchange:
Evening star., 1925-02-28
Merger Rumors Help Oils.
BY the Associated Press.

By the Associated IresS.
NEW YORK, February 2s.-Narrow
and irregular price fluctuations
marked today's early bond trading,
which continued to reflect uneasiness
over the increase in the reserve
banks rediscount rate and the firmer
money conditions. Speculative switch
ing operations in the st. Paul group
carried the roads convertible SIS and
As of 1924 higher, but depressed the
As maturing this year. Other rail
lines moved within fractional limits.
Some of the oil bonds, notably the
Pan American 6s, were strengthened
by revival of merger rumors. but
the trend of prices in this and other
industrial groups was by no means
uniform.
Evening star., 1925-02-28
Pan American Active.

Pan American Petroleum converti-
bic 6s were the leaders in the specu-
lative group. They were strong in
sympathy with Pan American class B
stock into which they are convertible.
Sugar bonds were fractionally higher
Federated metal Is, selling at 1O7.
were up 3ia points on the week and
at new high for the year.
International Mercantile Marine 6s
were heavy below 90. Nor was there
much enthusiasm in the low priced
rails. where n good deal of profit talk
ing was going on. New York. West
chester and Boston 4ias were down
nearly three points from the high of
the week. ST. Paul issues moved
very ire gularly.
In the foreign list French bonds
maintained their ground with diff
Guilty. Czecho- -Slovak Ss sagged be-
low par. Belgian 6s were well sup
ported, Notwithstanding the closing
of the syndicate.
Evening star., 1925-02-28
BONDS CLOSE FIRM;
j. S. LOANS SHADED
High-Grade Investments Hold
Up Well in Face of
Higher Money.
by GEORGE T.. HUGHES.
Special Dispatch to The Star.

7
NEW YORK, February 2S.-F'or the
most part prices held firm in the bond
market at the close OF the week.
There was some further shading of
quotations for United States Govern
ment loans in response to the money
situation. but the change was very
slight. The striking feature was that
losses In these high grade investment
securities were not more than they
were, especially as the weekly report
of the member banks of the Federal
Reserve system showed a decline of
$28 600 in investments and an in
crease of $53.000,000 in commercial
loans. Somehow or other. the mark t
has been able to absorb liquidation by
banks without materially affecting
quotations.
Evening star., 1925-02-28
MONTH'SCLEAR|NGS
TOTAL S93,021,37O
New February Record Hung
Up by Washington Bank
ing Houses.
BY CHAs. T.. SHAEFFER.

CIearings OF Washington bankine
institutions in the month ending to
day amounted to S93,021 $40, estab-
fishing q new high figure for the
month.
The best previous amount for am
February was set up last year, Wheu
sSS.455.424 passed through the local
association. Current clearings, which
constitute the best barometer of bus
ness Washington boasts, are renderea
even more impressive when IT is re-
membered an additional business day
was included in 1924 Oeap year
this item alone amounting TO almost
$4,000, 900 on the monthly average.
January last broke all monthly rec
ords with clearings Of Sl09,562,61G.
For the first two months Of this year
clearings a.e S14,2826l7 in excess Of
those for the corresponding period 81
1924.
Fewer Failures During Week.
Fewer failures were reported to Il
G. Dun & Co. for five days this wee.
than for a similar period a year aEu
a total of 400 being ~ less than las
year The number on the PacIfs
coast was the same for both year
but decreases of u in each case or-
Cured in the East and in the Wes.
faults in the South.
Rail Equipment Orders Heavy.
Railway equipment orders in FebrEr
airy aggregated $1,000. 600, and j.,
cluded ~ locomotives, 5,3SS freigh
cars and so passenger train cars.
Class l railroads total freight trsf
fic last year declined So per cent
compared with 1923, the greatest yea
in carriers history. Reports mad
public today by the Bureau of Rail
way Economics show that these roads
operated 42s, ,453. .225, 900 net ton miIes
with the Eastern district falling OF
9.S per cent; Southern. 40 per cen,
and Western, Is per cent.
Many New High Records.
Freight traffic during the first and
last quarters of 1924, the bureau said.
made new high records. but fell Off
considerably during the intervening
six months.
Some of the records enumerated by
the bureau for last year We're: Op-
Grafton by the railroads with the
greatest efficiency and economy
| handling in October Of 43.109,743.oo0
net ton miles of freight traffic; load
| ing of 1,112,345 freight cars during
| the week of October % and the rails
ing by 4.s per cent of the record
made in 1922.
| Trading on Local Board.
| The weeks closing session on the
| Washing gton Stock Exchange was q
| quiet affair, with prices at or near
| the peaks for this year. Riggs
| Realty long IS advanced a full poin,
| to 80 on the initial sale, but later
! eased off to 9S12. only $500 were
! sold.
! Lanston Montype stock was IN good
! demand, 90 shares selling at so and
! fractionally upward. Gas was firm
| at 5S, as was National Mortgage and
! Investment preferred at 9as. Com
| mercial National Bank was easier at
| 15S; also Capital Traction at 90
Unlisted Securities Prices.
The following latest bid and ask ed
prices for unlisted securities are
| quoted for the guidance of holders
| Of these issues.
Evening star., 1925-02-28

tPartly extra. Playable in preferred stock
Dividend rates given in the above table
are the annual cash payments based on the
latest qua artery or half yearly declars tons
Unless otherwise noted. extra or special
iividends not included.
Evening star., 1925-02-28
TREASURY CERTIFICATES,

Quotations furnished by Redmond co..
Evening star., 1925-02-28
Trading ON Local Board.

The following latest bid and ask ed
prices for unlisted securities are
quoted for the guidance of holders
Of these issues:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-27

Convrirht. 1925
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-27

me. and to celebrate we went up to
the city for dinner and to the theater
the first week. When we were taking
our seats who should come into the
very row ahead of us but Mr.. and
Mrs. Bartell. They are in the har-
vester crowd-not the big bugs, of
course. but still in that Crowd-and
they looked like a million dollars.
They seemed awfully glad to see us,
though. and made us stop in the Mary
land grill while we were waiting for
the 1859 train, and have some fruit
salad.
Mrs. Bartell and l sat together on
the train going home and got very
well acquainted. She is only three
or four years older than l am, and
didn't seem snobbish at all. She in
vited Will and me for dinner the next
Friday night, and asked me to bring
my sewing and come early in the
afternoon.
1t was a lovely afternoon and we
sat out on her porch and sewed and
talked and got acquainted in the sud-
den. surprising way you do once in
a while. Betty Bartell is the kind
you get acquainted with quick. She
told me more inside stuff about the
Harvester crowd How Mrs. Curtis.
the vice presidents wife, is so stingy
that she keeps her soap in the attic
till it gets dry and goes further: how
Mr.. Stevens Is Mr.. Grabos assistant
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-27
Europe to Keep Tab on American Acts
Which May Affect Weather Adversely

miles long. to bar the route of the
Gulf Stream off Newfoundland and
throw it's warm waters back toward
the shore of the United States.
What such dixie, if once con-
structed could do, now terrifies
French and other imaginations by
statements Of the great oceanographic
authority, Prof Thoulet of the Fac
ulty of Sciences of Nancy, in his monu-
mental book. recently published, on
'lOcean," page 361, second edition.
IF, as nothing prevents from be-
lieving,' says Prof. Thoulet, 1.-The in
cessant work of coral insects should
intercept the passage of the Gulf
Stream at its actual point of compress
sion in the Strait of Florida F'lorida
ChanneD and force the mass of warm
water to pour itself more to the south.
all the European equilibrium would he
modified. Spain and Morocco would
be transformed into furnace like
Senegal, while France. Belgium. Eng:
land and Ireland would chill to the
point of having coasts like Green
land,'
OF course. such a swinging of the
Gulf Stream around in such a way is
not feared from Americans. 1t would
equally strange Washington and
Quebec in polar Winter.
Nor do they greatly fear that
Americans will squarely build the
dyke off Newfoundland to throw the
warm waters on to the American
shore, but rather some more partial
capture of them, or even some engi-
neering work for another, purpose,
like the Key West Railroad.
Yet Americans had the big New
foundland idea 80 strong that it got
to the Senate" And, on the other
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-27

hand. something has happened to
the Gulf Stream" 1t is all very
troubling.
In The Man Who Stole the Gulf
Stream seals and sealions yawp on
icebergs at Roscoff and Concarneau,
on the Breton coast of France, where
formerly a famous lot of fig trees.
eucalyptus and parasol pines OF
southern climates testified to the
warming effects of the Gulf Stream.
Today still there is the fig tree of
Roscoff" and the eucalyptus of Ros-
coff' Parasol pines still remain at
Concarneau. but they are old fellows,
So the French tand equally the Bel
gians and others) are convinced that
something has happened to the Gulf
Strea although they hesitate to
accuse Americans of having done it.
The railroad to Key West. although
built on arches, may conceivably have
some effect on the Gulf Stream, not
noticed by Americans on account %
the cold WALL but more or less su1ti-
cient in the spreading drift of the
Gulf Stream eastward to account for
its bringing lesser warmth to RoScoff.
1t is delicate subject. These peo-
pie know only that their climate is
not so warm and their weather not SO
good as formerly-quite recently. The
dates correspond.
Have not Americans the right to
improve their climate? Or, on the
other hand do you see small differ
ence between THE Man Who Stole
the Gulf Stream" and THE Nation
That Stole the Gulf Stream? Even
the specialists admit that they do not
altogether understand how the Gulf
Stream is DETECTED actually at its va
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-27

was certainly shocked. suppose
sooner or later the knowledge has 10
come to everybody but the first shock
of il is fearfully upsetting. | had al
ways heard that society was corrupt.
but | had never taken much stock in
it, And now il had suddenly come
home to me, right among my own
friends.
| could scarcely believe It, That
you could belong TO the Harvester
crowd and yet owe money to the gro
Gerry and the butcher shop, That you
could keep a maid and have dinner at
night and Yet be shiftless. have to
borrow money, something which viii
and | have always thought was down
right disgraceful, unless you're sick
or something. That you could have
SiX-Cylinder car and still be buying
wicker bird cage on time.
II was enough 10 shock anybody,
and | switched on the kitchen light
and started to get supper. feeling half
da zed 10y the revelation. | heard
Wills step crunChins up the walk
and looked over my shoulder at him
as he opened the door. Before he
had had time to take off his coat or
stamp the snow off his shoes | knew
something was wrong. Bad news was
stamped all over his open counte-
nance.
What's the matter VIII" | de-
manded.
VIII did not beat around the bush
any. either.
Mr.. Van SAINT is coming back"
Coming back" ! echoed.
Yep. Had "A letter today He
doesn't like California. Says he likes
place YOU have some weather you
stay in the house for. He's coming