davidaulloa/AmericanStories huggingface dataset:
Evening star., 1926-12-17
INTEREST CENTERS
|. ON FOREIGN BONDS
Dealings Light in Domestic
List Due to Heavy Trad
ing in Stocks.
By GEORGE t. HUGHES.

NEW YORK. December 17.-For-
eign bonds were again the leaders in
today's trading. Domestic issues SUI
fered from the concentration of inter
est on the stock market and dealings
in this part of the list fell off. but the
foreign obligations were active and
strong.
Buying in the French group was
the most aggressive and new high rec
ords were established in nearly all the
leaders. French Is, between SO and
par. were higher than ever before.
French 74s at 104 were at a new
1926 top and within a fraction of the
1922 record. French IS at 10S were at
a new high for this year and just a
point under the record made In 1924.
Department of the Seine Is at % were
at new high for this year and equal
ed the high of 1922.
Belgian issues maintained their po-
sition, and the old Is, at 101A, were
at a new high for all time. German
government Is advanced fractionally
after the recent reaction, but most of
the day We're still below the best OF
the year. There was another big turn
over in the Italian Is, but the gain
was relatively small. In the South
American group Bolivia SIS and Antio-
quia Is were in demand for a time.
United States Government bonds
were all firm, with the Treasury is
sues selling at approximately their
best previous prices and the fourth
Az Liberties making a new high for
the year. while the second Az Lib
critics were duplicating their 1926
high.
Little interest was shown in the
high-grade rails. In the second grade
group Erie prior lien As, Wheeling and
Lake Erie 415s and Norfolk Southern
5s. especially the latter, pushed ahead
somewhat. There was also a renewal
of the buying in Chicago, Terre Haute
and Southeastern 515s and income
bonds. Domestic industrials were ir-
regular. International Mercantile Ma
rine IS were in supply and dropped
below 96 for the first time in some
time. There was also a reaction in
Warner Sugar refunding IS, but not
extensive considering the recovery.
Among the oils Empire Fuel and Gas
6z2S touched par.
Evening star., 1926-12-17
WHEAT HAS SETBACK,
] THEN STAGES RALLY
Lower Liverpool Prices and Bear
ish Argentine News Start
Selling Rush.
Ry the Associated Press.


CHICAGO, December 17.-With
i! .,!Liverpool quotations lower than due
Hand with bearish crop advices from
ss.Argentina at hand, wheat values
here underwent an early setback
today. A rush to sell wheat took
place at the opening, but sufficient
buying soon developed to steady the
market. Wheat opened "A to A off,
and afterward scored a moderate
rally. Corn, oats and provisions were
easy, corn starting at 1s to " decline
and later showing some recovery.
Assertions that Chicago May deliv.
cry of wheat is the highest priced
wheat in the world attracted a good
deal of notice among wheat traders
today. 1t was also contended in some
quarters that, according to statistics,
rhe United States apparently still has
n generous wheat surplus. which must
find export outlets to avoid a burden
some car1'yover at the end Of the crop
year.
Reports of larger offerings from Ar
gentina and Cf favorable harvest
weather there were among additional
bearish factors in today's wheat mar
ket.-
Gossip was likewise current that
threshing returns from Buenos Aires;
Province, Argentina, show larger
Yields than expected. This is the prin.
cipa1 province as to wheat acreage.
Evening star., 1926-12-17
New Bond Issues

NEW YORK, December II (Spe-
ciaD William r. Compton Co. and
E. Fl. Rollins & Sons have pur-
chased a new issue of $6.500.000 first
mortgage bonds of the New York
Trap Rock Corporation, which re-
Gently acquired the Tomkins Cove
Stone Co, and will make public of
fering in the near future.
With the issuance of $4,000.000 in
Central West Public Service 512
per cent bonds, due November 1, 1856,
the new financing will be completed.
Offering of this issue is to be made
shortly by a syndicate comprised OF
A. B. Leach & Co., Halsey, Stuart
& Co. and Porter. Fox, Inc.
A banking group made up of Gid
den. Morris & Co, Edmund Seymour
& Co. Inc, and Throckmorton & Co.
will offer next week a new issue of
81, zoe, 900 Northwest Louisiana Gas
Co. Grst mortgage bonds. The pur-
pose of the financing is in part to
provide for the retirement of the
$3.50 900 first mortgage bonds of its
predecessor company and to supply
funds for drilling new wells and
acquiring additional gas acreage.
A new issue of $660.000 first mort
gage $50 per cent sinking fund gold
bonds of the Brooklyn Postal Service
Station has been privately sold by p.
w. Chapman & Co. The bonds ma
ture December /, 1886, and were priced
at par. The building will be located
at 233-247 Washington street, Brook
lyn, and will be leased by the Govern
ment for parcel post and service sta
ton purposes for a period extending
beyond the maturity of this issue at
an annual rental of $66,000.
Evening star., 1926-12-17
BY EDWARD c. STONE.

The directors of the Columbia Ma
tional Bank caught the prevailing
Yuletide spirit at their meeting yes
terday afternoon and voted to every
empioye of the bank a Christmas
present of $25, plus a per cent bonus
on the salary actually paid each staff
member during the year.
The usual quarterly dividend of 8
per cent was declared. payable on
January to stock of record on De-
cember 81. The offices of the bank
were also instructed to transfer from
the undivided profits account to sur
plus the sum of $4,000. This is the
third consecutive year that a trans.
fer of this amount has been made to
surplus, Frank j. Stryker, the presi-
dent, announced today.
At a meeting of the board of direc-
tors of the Commercial National Bank
Evening star., 1926-12-17
BULLS ROUT BEARS
!. ON ST{fL'S ACTION
Trading EnormouS-Stimu'
IuS Given General Market.
Rails Impressive.
BY STUART p. WEST,

Spaclal Dispatch to The Star.
NEW YORK, December 17.--Wall
Street today took the United States
Steel dividend action in the only way
(which seemed reasonable, as vote OF
confidence in the business outlook, by
a-b0dy of men whose judgment is uni
Nersally respected. In this way 1t at-
forded a stimulus to the general mar
het.,an sentiment in business circles.
The trading in United States Steel,
especially at the opening, and for
ltalf, hour or SO afterward, was enor-
lrous. 1t was more exciting than any
Wall Street has seen in a long while.
The market had been right on the
sted dividend well into Thursday
afternoon, Then with the stock sell
ing above 157, attention was given to
certain rumors which were evidently
1fillf3, ,lp out of whole cloth, that moth
ing was to he done at this meeting All.
er all. This led to a hurried rusn OF
selling, under which the price broke
points, leaving of Win a nooeTd'e le
coyery at 1547s.
Under the terrific pressure of BUY
ing orders which came into the market
this, morning United States Steel SOLD
as high as 100 on the opening transac-
fions The stock was selling at 1872
on enc side of the crowd, While IL was
cfiiored at 160 on the other. From then
IN there was a better balance between
buving and selling. Steel common got
above $50, but there was plenty OF
stock offered around the higher level.
Trading began. on the Curb In the new
tinted States Steel shares, when LOOK
account of the 40 per cent reduction
mai will be made from the market
Drice of the old shares. The new
Stock was quoted most of the time
within a radius of point and halr
from 115 up.
II was plain that while Wall Street
for months has been discussing STOCK
dividend on United States Steel ana
has-frequently named the figure at ~
Der cent. still it was surprised. 1t
was news rather expected, and yet,
once, it broke, seemed too good to be
truk.
independent steel stocks were car
ried along with the leader, 1oungs'
town getting above go, and Repuphc
Iron and Steel up two points or so,
mhile Crucible made a quick response
TO the increase in the dividend from
IS to a Sc basis.
Next to the steels, in fact, quite as
impressive a demonstration was the
revival of buying in the rails. New
York Central and Reading both
Jumped two points. Atchison made
new high record.
Southern Railway was very strong.
The talk was that the example of
the United States Steel board would
be an encouragement to some of the
railway directorates, which are be-
iieved to have plans for extra distribu
fions in prospect, but which have not
set put them through.
With recent profit taking absorbed.
the New York traction group moved
forward again-Brooklyn, Manhattan,
Interboro Rapid Transit, Third Ave
nue. and Manhattan Modified guaran-
teed. Brooklyn Manhattan made a
new high record for the year.
American Smelling was one Of the
leaders of the industrials with an ad-
vance of some points, most Of which
occurred right at the opening. This
rise was sympathetic with the pro
ceedings in the steel shares more or
less
Evening star., 1926-12-17
1926 EARNINGS HIGH.

NEW YORK, December II R).-
Corporation earnings for 1926 are 60
ing to make a remarkably good show
ing, says Moody'S Weekly Review of
financial conditions. In many in
dustries there has been a notable
increase In operating efficiency and
in the ability to preserve margins of
profit.
Evening star., 1926-12-17
PRICES ON PARIS BoURsE.

PARIS, December II @-Prices
were active on the Bourse today.
Three per cent rentes 49 francs 95
centimes: exchange on London, 121
francs 20 centimes; per cent loan,
56 francs 10 centimes. The dollar
was quoted at "a francs 97,a cen
times. ~
Evening star., 1926-12-17
NEW YORK MARKETS.

NEW YORK, December II OP.-
Rye easy: No. 2 Western, LOSS f. o.
b. New York and 1.039s c. 1. f. export.
Tallow easy; special loose, 2; extra,
tx. Wheat futures opened steady:
domestic May, 1.421a. Other articles
unchanged.
Evening star., 1926-12-17
DRY GOODS UNCHANGED.

NEW YORK, December II (Spe-
ciaD.-Cotton goods markets were
quiet today at unchanged price levels.
Print cloths were quoted at sac for
64x60s and at 7ssc for 6Sa72s. Raw
silks were quiet and unchanged.
Evening star., 1926-12-17
RUBBER LOWER.

NEW YORK, December II (SpeciaD.
Crude rubber. smoked ribbed sheets
declined u at today's noon quotation
of 377s. This compares with 40A a
month ago and 81 a year ago.
Evening star., 1926-12-17
Washington Stock Exchange

SALES.
Farmers & Mechanics National Bank-14
Lanston Monotype-1O at 93Ts, 10 at 94.
Mergenthaler Linotype-1O at 1O7.
AFTER CALL.
Georgetown Gas 5s--$4.OO0 at 9S1s,
Potomac oS na % Electric O cons. 46s-s1 900 at
Potomac Electric pfd.-1 at 10714. 1 at
107A 10 at 107 IA
Money-Call loans. and per cent
Evening star., 1926-12-17
BONDSs7o s7o;
ON NEW YORK


% This table carries quotations
received up to 3:15 pm. A COM
plete table will be published in
the $50 Edition.
Evening star., 1926-12-17
TREASURY CERTIFICATES,
fRenorted by J. & W. seligman & Co,
SILVER QUOTATIONS.

NEW YORK, Defender II M. -
Bar silver. sax: Mexican dollars. sos.
Evening star., 1926-12-17

Am Sn~ar (5).
Am Sugar pf (7
Am Suratra
Am Tel & Tel(9)
Am Tobacco (8).
Am Tobacco r fS
Am Tobac nf (6)
Am typ FdrsfS)
Am Wa Wo c1.20
Am w w 1st "a.
Am WooIen ....
! Am Wool nf (7).
Am Writ Pa pf. .
| Am Zinc.
Am Zinc pf.....
| Anaconda (3l.
| ArmourDei nf(7)
| Armour Of TIlfAl
| ArmoMr Of Tl(B)
| Arnold Con&Co. i.
| Art1oorn (3).
| Assn Drv Gf2h)
| Atchison (7l.
| Atchison pf f5).
| Atl Riru & At.
| Atlant G. T. (f10)
| All Coast T. rts.
| All Gu1F a. WI.
! All Giltf&WT nj.
Atlantic RAfng.
| Atlas Pow nf (6)
| Austin. Nichols
Baldwin 7. fT)
Ratio 80 ft6M)
palto q oh of(4)
Rang e. AT go.
parnsdall A (2).
pa vuk Clear.
Raynk list pf 20
peech-Nut ft3l.
peI6inr Rroa(31.
pethIAheYr, Steel.
RAth Stl Df (7)..
ploomine eda'e...
RInroenthal pf. :.
pooth Fisheries.
potanv A (H.
pripUs Mfg (2l.
Rkln-Edfson fS).
plkn-Mn TT f4).
pk Man r nf(6).
Rkln I'm Gft11).
prruswick Ter.
Run & Susn pf.
purns Rr r f2).
R,lsh Terminal.
pufta Con f5nc).
putfe&SnDerf2).
putterick fm2).
Ry-Prodncts (2).
raiiF pa ck~f41..
Colif pat~oif2)..
Callahan ZINC :.
Calumet q Ar(6)
Calumet&Hf1M) }
Can Drv fc2N }.
Can Pacific (f0).
"a se rhreshing.
Case Thr pf 90.
Central AlIov(2)
Cent Leather.
Cent Leather NJ.
Cent Lea NJ ctfs.
Cen Ry NJft12).
Century Rib M.
Cerro dePasft5).
Certain Teddy.
Chand-C -Cleve. -.
ChandIer MFG NJ
Ches a. Ohio ft12
Chi n Ea st III pf.
Chi Great West.
Chi Or West pf..
rhi MiI&StP.
Chi Mil&StP pf.
g M&StP cfs. -.
g M&StP pf CTS.
Chi A. Nwn a..
Chi Pneu T (5)..
Chi r I & Pac...
CIR I& P d..
Childs (t2.40)..
Chile Cop (2h).
Christie B f1.2ol
Chrysler Corp(3)
Cluett Peab Cd.
Coca Cola %.
Collins & AikfD.
| Collins&A pf Cd
Col Fuel & Iron.
Col r. Southn (3)
Col Gas & Ell CD.
Col Gas new cd.
Col Gas rts. .....
Col G&E pf A(6)
| Col Carbon o..
Com Credit ID.
Com CT 1st(6 J..
Com Cr pf B (2).
Com Solv B 90.
Congoleum N. :.
Congress Cgrts)
Con Cigars 90.
Consol Distribut
Consol Gas (5)..
ConRRCuba pf 8
Consol Textile. .,
Cont Bakg A (S).
Cont Baking B..
Cont Bak pf go.
Cont Can 3d..
Cont Insur (6)..
Cont Mot (S0c)..
Corn Prod(t2M)
Crown Pa 1st 60
Crucible Steel(6)
Crucible pf Cd.
| Cuba Cane Sugar.
| Cuba Cane Su pf.
| Cuba Co "a.
| Cuban Am S %.
| Cuban-Dom Sug.
| Cudahy tnew)..
| Cushman's 90.
| Dawson Chern. =.
| Del & Hud 80.
| Del & w (t7). .
RG Wst pf. :.
Detroit Ed (s)..
Detroit Ed rts.
Devoe g. R(2.40)
Dodge BrosCl A.
Dodge pf o..
Dome Mines Cd.
Dull S S & All pf
! Du Pont (ti2)..
Du Pont deb CD .
Eastman 1tS)...
Electric Boat. :.
Elec Power G. Lit.
Elec Refrig .c2)
Elec Sto Bat(t6)
| Eisenlohr & Bro.
Elk Horn. ......
Emrsn-B Br pf CTS
Endicott pf "a.
Engnrs PS pf0)
Erie X r.
I, Erie LIST pf.
Erie I'd pf. .....
Ere Sim S(2 " }
Engineers Pub S
Eureka Vac "a.
| Exchange t1M } .
! Fairbanks (3).
Famous Pl (jS).
Evening star., 1926-12-17
Washington Stocks Steady.
Local Boardrooms Crowded.

Local boardrooms were crowded to
the doors when the New York stock
market opened today. trades being
anxious to learn the reaction to the
5000 900 900 United States Steel stock
dividend. The market opened feverish-
ly, Steel being about the only stock
coming over the tape for several min
utes. Steel common is widely held To-
cally and many Washingtonians will
get In on the dividend after it has
been approved in April by the stock
holders
Evening star., 1926-12-17

Hourly Sales ON N: \. Wan, .sS I 900
IL am. so' 5.o eoo 2p.m.2,l75.900
paid this year--no regular rate. -, .,
E1O% In common STOCK payable n 70
CPius $50 in stock.
H-Payable when earned.
E-pavable in cash or stock.
E-t,ims Il % in stock.
= E-Pius / 80 share in stock.
I-P1us 81 share in special stock.
f-Pius 2% in stock.
K-Paysble 1I40 OF share quarterly in
Class stock.
M-Pius $50 share in stock.
dividend rates as given in the above table
are the annual cash payments based on the
latest quarterly or half yearly declarations.
iTnless otherwise noted. extra or special divi.
derids are not included.
g., par1y cpgn 't6eek stcek tPlus in stock nay
able in. iss quarterly. fPlus sc. in stock.
auAytArlys
Evening star., 1926-12-17
Loan Plan Held Successful.

J. T. Exnicios, president of the
Departmental Bank, reports that the
loan and savings plan adopted about
successful. So far 4s0 people have
taken advantage of the plan, having
borrowed $4,000 and at the same time
having S@4.009 to their paid-up credit.
Government workers are urged to
use the plan when in need of money
and they are also advised not to be
satisfied with straight salary"
They are urged to make all their extra
money work and to adopt a plan of
saving 4 certain definite amount every
month
Evening star., 1926-12-17
Country Club Bonds Sold.

The entire issue of 100000 6 per
cent Congressional Country Club
bonds, maturing in 1928, now has been
distributed. On January of the cur
rent year $155,0O0 of the issue re-
manned in the club treasury, The
sale of these bonds Is now announced
by E. f. Colladay. he being chairman
of the special bond committee.
Evening star., 1926-12-17
Bid and Asked Prices
BONDS.
PUBLIC UTILITY.

Shsy'n,,t Ghsyy Ghsss fssms Dairy is iSS iSS
b. c. Paper Co. Mfg. 6s.... .95 1Ol
Pot. JOINT Stock l. u Bk. 5s. 1UI =.
Southern Bldg. s....... 9S1s =.
Wash. Mkt. Cold Storage 5s. 81
Wariman Park Hotel SIS. 9S 1Ot
Evening star., 1926-12-17
Loan Society Reports Profits.

The Beneficial Loan Societys indus
trial loan department reports profits
from operations, after deduction of ex-
penses, for the month of November as
$139,271. This compares with $123,769
for the same month in 1925. The
operating net profits in November
were much in excess Of the bond in
terest on the society's $4,000, 900
debentures.
Imperial Valley press., 1926-12-11
NO CAUSE FOR
PANICKY IDEAS
SAYS HARRICAN

b. A. IIarrigan, horticultural com
missioner was quite optimistic about
the lettuce situation when inter
viewed this morning. He stated that
estimates of damage were not com
Dletc and the reports that have come
in are varying as some of the small
e. fields are said to be completely
ruined and others are believed to
have weathcred the storm in splcn-
did fashion.
Ilarrigan states that the number
of ears shipped will be cut down
materially because of the rain but
that there is no cause for the pan
icfy ideas some people are holding
en- the situation. Lettuce heads
which were solid before the rain
started will not be damaged to any
great extent, is the belief of lettuce
men, and if not actually crushed by
the rain, smaller heads will not be
damaged. 1t is expected that pick
ing will be quite generally resumed
tomorrow.
Imperial Valley press., 1926-12-11
CONGRESS DOES
LITTLE DUR ING
Opening W WEEK E; i
Election and Political
Issues Put Lawmaking
In Background.
BY PAUL r. MALLON
United Press Staff Correspondent

WASHINGTON, Dee. 11.-Wind
ing up the first week of it's session
congress today found itself en-
broiled on n tangle of election and
political issues with legislation still
in the background.
Four primary election investiga
tions are to be reopened next week
a bribery charge against n new sen
ator is to be investigated Monday
resolutions are pending to bar pre-
scntati0n of credentials of two sen
ators elect; election contests in
rolving one OR two other states are
being threatened and a charge in
volving n 1924 primary campaign is
to be laid before another commit
tee.
The senate committee of commit
tees was called into session today
in an effort to solidify Republican
ranks. Most Republican leaders
will support the plan to restore
western insurgents to the party or
ganization. but few oppose the
move because it would elevate thl
insurgents to chairmanships of i'm
portant committees and other posi-
tions of power.
House leaders tried unsuccess-
fully to restore peace several days
ago and were forced to postpone a..
ton for week in hopes that after
the senate acted, house insurrcc.
tionists would fall in line.
Imperial Valley press., 1926-12-11
FJNNEY PRAISES
BANNISTER FOR
STAND ON BILL
Declares Denver AttOr-
ney Showed Courage
In His Speech.

On his return here today from
Colorado Springs where he attended
1.-The western division of the United
States Chamber of Commerce, as
the representative of the Assocint-
ed Chambers of Commerce of impr-
rial county, Asscmblvman FinnPy
gave out the following statement:
'Thc western division of the
Chamber of Commerce of the Unit
cd States at its conference at Colo
rado Springs had before it as one
of the subjects for discussion, the
question of the development of the
Colorado river. The question is one
Of absorbing interest to us at this
time when we are hoping for imme-
diatc action by Congress on tn"
Swing Johnson bill and is of equal
Importance to Colorado and other
upper basin states. all of which hal
representatives present. The con
ference, | regret to say, owing per
haps to the undue influence of the
private power companies made no
constructive recommendation. The
outstanding feature in the discus,
sion of the subject. however, was
the paper presented and read by l..
Ward Bannistcr of Denver, as rep
rcscntative of the Denver Chamber
cf Commerce. After pointing out
the fact that the upper states could
not reasonably expect California in
justice to herself, to ratifv the Colo
rado River compact without provis-
ION for large storage of water in
the river for the benefit of the low
Cr basin, and the further fact that
in the absence of unconditional rati
fication the upper states were in
grave danger of losing important
water rights through the action of
the Federal Power Commission in
granting to private power compan
les permits to develop the river for
the production of power, Mr.. Ban
mister said:
The best remaining hope for tn"
upper states today, since the failure
of the California Legislature to rati-
fly the Colorado River compact, lies
in the Swing-Johnson Bill, now
pending.
think the four upper states
should join with California in put
ing over the Swing Johnson Bill.
1t is our duty, if we are to pro-
tcct the water rights of the upper
Continued on Page 6
Imperial Valley press., 1926-12-11
POWERS AGREE
ON CERMANY'S
DISARMAMENT

BERLIN, Dec. 1l.-Agreement
was reached today on the questions
of German disarmament and foreign
supervision of the German military
and naval organizations, according
to telephone message from Gem
eva to Chancellor Marx.
The powers have been privately
discussing the problems for almost
q week.
GENEVA, Dee. 1l-Great Britain
and Germany, it was understood to-
day, would resort to arbitration to
settle their dispute over German
manufacture of water materials for
export which has been a major point
III the disagreement here with re-
spcct to the abolition of inter-allied
supervision of Germany s material
weapons.
Sir Austen Chamberlain, the
British foreign secretary, told the
pless that he would depart for Lon
don tonight when the league coun-
ell meeting ends.
Imperial Valley press., 1926-12-11
NICARAGUA CHIEF
MAKES CHARGES
AGAINST MEXICO
by United Press Leased Wire

NAN All | a, Nicaragua, Dee. H.
President Diaz of Nicaragua to-
day charged that the government of
Mexico was preparing to wage wal
against his government.
The charge was made in a lengthy
manifesto in which Diaz who has
been recognized b, the United
States, said the Mexican govern
ment was organizing and equipping
"an expedition of formidable pro
portions to be launched from Puerto,
Mexico, against the Atlantic Coast
of Nicaragua.
\ fortnight after the United
States had recognized the govern
ment of the conservative president
Diaz, the Mexican government rec
ognized the government of the lib
eral president, Sacazia. The liberals
have been in rebellion against the
conservative government.
DiaZ said that success for the al
legged Mexican expedition would re-
suit in the establishment in Nicara-
qua of the manifold evils of com
munism and political disorder now
only too apparent in Mexico.
"The political issue of the mo-
ment,' continued Daz, "is, shall
Nicaragua be free from Mexican
control, from Communism, from re-
ligious persecution, and from all
the unhappy political conditions pre-
vailing in Mexico today!'
Imperial Valley press., 1926-12-11
Dol Sessions
10 Be Resumed

! will be in session again
onday according to B. NJ.
, city superintendent of
The advisibaIity of opening
was questioned until this
|, when the sun came out
bred favorable weather for
EEK. Professor j. l.. House
hat high school will also
cssion next week although
II thought that the busscs
BILE to run for several days,
ii pupils will have to meet
|htion as best they can.
Coc, county superintendent
hat he has not vet heard
the rural schools but that
ll meet and some not, ac-
to local conditions. The
which operate buss will
h Bile to convene until the
come dry.
icstion of whether or not to
pol is very important to the
hemsclves, as having school
h Il low attendance means
ng down of the state school
nd II vacation next week
II extra week of school in
he individual schools are
b meet these problems in
satisfactory way possible.