davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
POLISH BONDS SAG
ON LIGHT SELLING
General Investment List Is
Firm, But Quiet-0iIs
Are Strong.
BY GEORGE T. HUGHES.
Special Dispatch to The Star.

special Diepdtcn TO Inc StdT.
NEW YORK, May i5.-First selling
of Polish bonds featured the trading
today i'm the bond market Both
Polish IS and Polish IS dipped to new
lows. The declines were registered,
however under comparatively small
volume Of offerings and there was
no evidence Of any sympathetic re
action in the obligations of other cen
trail European countries.
French and Italian issues were still
heavy, but that was due TO other
causes. French Cities IS got down be
low So, or lower than at any time
this week
The Warner Sugar issues. which
had such a severe break yesterday,
sold around the record lows, although
for most of the time there was sup
port at this level. Punta Allegro 7s
advanced a point, standing out as a
strong issue in the group. There was
also a runup TO a record high in Cen
trail Steel SIS, an ordinarily inactive
bond
Among the oils the leader was Gen
sral Petroleum's 5s, which also reach
ed a new high price at par. Buying
was evidently founded on the idea that
this bond Is now in effect an obliga-
ton Of the Standard Oil Co. OF New
York Today's leader of the specula-
tive rails was Chicago Great Western
As. Missouri Pacific General As held
steady, around their new high, made
late Friday.
The general investment domestic
list was firm, but quiet. Among Gov
eminent bonds, Treasury SAs and
Liberty fourth AIS sold just below
their record high point. In the rail
way group Louisville and Nashville
Us we're strong.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
SELLING RENEWED
IN MOTOR SHARES
Steel Stocks Weaker Today.
Crude Oil Advance Has
Little Effect.
BY STUART P. WEST.
9Aa1al DianatCh TO The Star.

Special Dispatch TO The star
NEW YORK. MAY Is. - Active
pressure against the automooile
shares was the feature on the Stock
Exchange today. 1t was furthef
expression Of disappointment over the
General Motors extra dividend.
Comparing today's prices for the
motor group with the top OF January
there were some extraordinary diff
ferences. Hudson Motor. which was
very weak again, was off over DO
roints from the high of four months
aro Jordan Motor, which touched
SIS in January. sold around 20 today.
WilIvs Overland was off more than
Is points. and so on in proportion
down the list.
No more complete cancellation of
the result Of the big speculation cam
raisn has probably ever been seen
IN Wall Street.
The steel stocks were weaker. In
the last hour United States Steel com
mon dropped below I90. Bethlehem
steel was slightly lower. Baldwin lo-
connective. with the support of a snort
interest in a narrow market. was
somewhat harder. Again there appear
cd evidence of special operations IN
Colorado Fuel. II did relatively bet
ter than any other member Of the
steel group. American Locomotive
ran up 8. point.
There was another piece Of GOOD
news entering the oil situation and.
like All the rest. II had no ERECT. Ike
ports of an advance of % cents in
midcontinent crude oil should. under
ordinary circumstances. have led TO
lot of fresh buying in the oil stocks.
II has no such result today. Stand
ard of New Jersey. Sinclair. Phillips
Petroleum. General Petroleum and
Marland scarcely varied more than
fraction. If anything they were In
clined ito 60 down.
Virginia Iron. Coal and Coke broke
6 points on the failure of the recent
rumors of A change of control to be
substantiated.
Railway stocks were idle.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
WHEAT SCORES GAINS
IN TODAYS DEALINGS
Advances on Unfavorable Weather
News and Rise of Sterling
Corn Sympathetic.


CHICAGO, May 15.-Reports of un-
favorable crop conditions in parts of
the northwest. together with the rise
OF sterling exchange to above par.
led to an early advance in wheat
prices today. Opening u off to Il
up. wheat soon scored moderate gen
eral gains. Corn and oats sympa-
thiZed with wheat corn starting at
X decline to 81 advance and later as
cending all around. Provisions were
firmer.
Severe injury from high winds was
reported as having been suffered by
wheat between Fargo. n. D.. and
White Rock, in the Red River Valley.
At least so per cent of the acreage
having been damaged. Many fields
were reported as likely TO be ahan-
doned and planted to corn. Further
advices said other sections displa Y
much less benefit from rains than had
been looked for and that in parts of
South Dakota the wheat crop shows
2 very thin stand
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
EARNINGS SATISFACTORY.

NEW YORK, May Is P).-April
earnings Of Youngstown Sheet and
Tube are reported to have been at
the same satisfactory rate as in the
first quarter. which has revived pre-
dictions of a possible increase in the
dividend on the common stock next
week. In some quarters an increase
is not considere likely at present,
as the company Is under heavy cash
expenditures for an extensive i'm.
provement program which is being
financed from earnings.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
STERLING EXCHANGE
RETURNS TO PARITY
British Pound Sells in New York at
Gold Value for First Time
Since 1914.



NEW YORK. May 15.-Sterling ex-
change sold at gold parity t$4s65l in
the New York market today. for the
first time since 1914.
Cables on London were quoted at
$4.S6A soon after the opening, that
figure previously having been reached
in the London market.
While the return OF sterling to par
ity was regarded as only a question of
time when Great Britain returned to
the gold standard last year, the sud
den attainment of the goal came some,
what as a surprise to local dealers in
foreign exchange.
In some quarters the rise in ster-
ling was regarded as an indication of
a heavy transfer OF funds from Italy.
Franc Belgium and other countries
with deprecated currencies to Eng
land and the United States, where the
gold standard is effective. In other
quarters the buying was attributed to
British government sources S part of
a plan to attract gold TO that country.
French francs sank to new low
record at 3.011z cents, and Belgian
francs were points lower, around
3.01 cents, but Italian lire rallied sew
eral points to 3.431z cents.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
Python Fasts Is Months.

Observation of large python in
the Melbourne. Zoo disclosed that the
serpent tasted eighteen months. then
took It's food regularly. An iguana
(lizard like creature) tasted nine
months. then greedily gobbled eight
unfortunate sparrows, the last two
being merely shaken and quickly en-
quilted. They could be heard chirping
for a while after arrival at their
destination.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
Markets at a Glance

NEW YORK CP-Stocks, heavy;
motor shares again under pressure.
Bonds. irregular: United Kingdom
Issues strengthened.
Foreign exchanges, steady; ster-
ling reached par.
Cotton. lower; clear weather South
west.
Sugar featureless.
Coffee. higher; European buying.
CHICAGO.-Wheat firm: dry wealth
ar Northwest. Corn steady: decrea s.
tnR stocks. Cattle firm. Hogs steady.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
NEW POOL OPERATED.

NEW YORK, May Is (SpeciaD-Sin-
clair Oil and Gas Co. Is opening a
new pool near Seminole City, Okla,
one and one-half miles northeast Of
Indian Territory Illuminating Oil Co.
pool, which is said to be making
seven barrels Of oil an hour from a
depth of 3,456 to 3.467 feet.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
TUNNEL CONTRACT LET.
Special DISPATCH TO The Star.

Special Dispatch 70 Tho star.
SAN FRANCISCO. May 15.-Work
on the Duboce tunnel, which will give
direct street car service between the
business section of San Francisco and
the Sunset residence district, will begin
Immediately. The contract was let
for $1.247,592. and the work must be
completed within Is months.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
CRUDE OIL ADVANCES.

TULSA. Okla, May IS R.-The
Prairie Oil and Gas Co. today posted
a fat Is cent advance on all grades Of
crude Oil. The top price was increased
to 1857 for crude testing SO degrees
and above. while the lowest price be-
came $1.65 for crude of % degrees
Baume.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
FOREIGN EXCHANGE.

NEW YORK, May Is CP).-Foreign
exchanges steady; quotations lin
cents: Great Britain - Demand,
AIS SIS; cables. 1850; so-day bills on
hanks. 4s2 3-16 F'rance-Demand,
ao2; cables, 3O212. Italy-Demand,
3.b5; cables, 3.55I3.
Demand-Belgium. S.03; Germany,
1880: Holland, 40.22; Norway. 21.S6;
Sweden, 1915; Denmark. 1925; Swift
zerland, 1894; Spain, 14.45; Greece,
1926; Poland. 900; Czechoslovakia. 2.96;
Jugoslavia. 1.76h: Austria, 1925;
Rumania. .3S; Argentina, 40.1SA;
Brazil. 14.621a; Toxic 47.00; Shanghai.
123712: Montreal, 100.09as.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
DIVIDENDS.

$3.50 share in stock payable in three In
stallments--half on July 25 to stock of rec
ord June 80; one-quarter October, 25 to stock
Of record September 80. and last quarter
January J.. 1927. TO stock of record Decem-
Der 81 1929.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
WOOL MARKET DULL.

Special Dispatch TO The Star.
BOSTON, May 15.-The raw wool
market closed the week dull. with
manufacturers too pessimistic over the
goods situation to take more than
small lots and these only at conces-
sions. Contracting in the West for
new clips is slow.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
BANK CLEARINGS
Dispatch to Tho Star.

Special Dispatch to The Star.
: NEW YORK, May 15.-New York
bank clearings, $1.115. 900. 600: New
York bank balances, $4,000. 900; New
York Federal Reserve Bank credits,
SS4 100000
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
Washington Stock EXCHANGE
SALES.

SALES
Washington Gas 6s '33-S"0O at Io2
Potomac Electric Power pfd-4 at IO7 -
National Bank of Wsshington-10 at 275.
AFTER CALL
Potomac Electric Cons 5s-S4 600 at
1908
National Bank of washington-10 at
21715
National Metropolitan Bank-6 at 403
Merchants Bank & Trust Co.-I0 AT i63
Capital Traction-10 at 1O4. 10 at 1O4.
Farmers & Merchants Bank-IO at 2a7
Merchants Transfer e. Storage Coo
Mergenthaler Linotype-l5 at 1884,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
Standard Oil Co.
Of New Jersey Sets
New Earnings Mark
BY the Associated Press.

NEW YORK, May 15.--Opera
tons of the Standard Oil Co. of
New Jersey in 1925 produced the
largest gross earnings in the COM
pany's history-S1 ,122 ,682. 610-the
annual report showed yesterday.
and the second largest consolidated
net earnings of 1,231,355. Net
earnings in 1924 were $S1 ,016,570.
Earnings for 1925 were equivalent
to l0.45 per cent on the net assets
of 81 ,063. 903,S0 After payment of
dividends on the preferred stock
earnings on the common stock
were Sap a share. compared with
$3.50 share i'm 1924
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
STEEL BARS LOWER.

NEW YORK, May Is LR.-Lower
prices for merchant steel bars are re.
ported from the Pittsburgh district, a
gradual easing Off to 100 cents to 2
cents a pound having developed. The
market was 2 to 2.10 cents early in
the year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
GERMAN BONDS AND STOCKS.
Quoted in dollars per million marks
ACES OF BIG BUSINESS.

NEW YORK, May Is CP).-The aces
of big business: First. United States
Steel. with gross business last year of
s1,406, SOC, 1876; second. Standard Oil of
New Jersey, $1,122 ,682.610; third, Cen
eral Motors, $734,592,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
DRY GOODS QUIET.

Special Dispatch to The Star.
NEW YORK. May 15.-The cotton
goods market continued quiet today
with print cloth quotations unchanged
at 7sS for 64x60s and S9s for 6Sx72s.
The raw silk market was quiet.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
RUBBER DROPS.

NEW YORK. May 15.-Crude rub
Der. smoked ribbed sheets, was quot
ed at AN at noon today. This com
pared with 4sA yesterday. 46'b a
month ago and 81 year ago,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
FISHER BODY MEETING.

NEW YORK, May Is R).-A spe-
cial meeting of stockholders Of Fisher
Body Corporation has been called for
June 3 to act on the proposal of Cen
eral Motors Corporation to acquire its
assets. The directors have accepted
the proposal.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
BOSTON STOCK MARKET.

BOSTON, May 15.-Following is a
list Of today's highest, lowest and
closing prices for the most active
stocks dealt in here:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
TREASURY CERTIFICATES.
Quotations furnished by Redmond q Col
CHICAGO STOCK MARKET.

CHICAGO, May 15.-Following is
a report of today's sales. high. low
and closing quotations at the Chicago
Stock Exchange.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15

Dividend rates 90 given in the above table
are The annual cash payments based on the
latest quarterly or half yearly declarations.
Unless otherwise noted extra or special divi-
dende are not included.
Paid this year. no regular rate; b or
extra. aPayabie in preferred stock. tPlus
~ in stock payable / % quarterly: fPlus
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
Association in New Home.

The District Bankers Association il
now in it's new home in the Decker
Building. on r street While il can.
not be said that the new headouar-
tiers are in perfect order. neverthe-
less the records have all been trans
ferred and Miss Grace Bromley. the
assistant secretary. is arranging them
as rapidly as possible. The additional.
space will be greatly appreciated. es.
pecially after the institute opens in
the Fall.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
BONDS
Bid and Asked Prices.
MISCELLANEOUS
STOCKS.
PUBLIC UTILITY

D. C. Paper Co. Mfg 6s.... 81 =.
Pot. Joint Stock Id Blk. 5s.. 10I ID
Southern Bldg. .61as 101 :.
Wash Mkt. Cold Storage 5s. 95 :.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
Bank Stocks Lead Market.
New Secretary Is Elected.

At the regular meeting of the hoard
Of directors of the Equitable Building
Association Walter s. Pratt. ir.. was
elected secretary of the association 10
succeed the late Frank T. Reeside,
who held that position since 1898,
% years. to the date of his death
Mr.. Pratt has been connected with
the Equitable since 1893 and has held
the Office of assistant secretary for
more than Is years. He is held in
high regard by it's members and is
well known to the public.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-05-15
Bank CIearings Improve.

Some little improvement appears in
bank settlements this week. leading
cities in the United States reporting
an aggregate of bank clearings
amounting to $500. 739 900. This Is
an increase of 3.6 per cent over the
corresponding week of 1925. and com
pares with a loss of rs per cent last
week. There is an increase at New
York City this week, the clearings Of
IS ,236, 900, 900 being 20 per cent In
excess OF those for year ago. while
the outside centers report a total Of
So. 473, 739 900. which is a gain Of so
per cent. Most of the leading cities
outside of New York show gains this
week. among them Boston. Chicago.
Pittsburgh and Detroit.
Other Financial Notes.
The committee arranging special
features for the entertainment OF the
women at the bankers convention at
Hot Springs held a meeting this week
ait the Washington Golf and Country
Club, at which Mrs. Francis T. Add
son. jr.. presided. Steps toward oh
tanning prizes for the whist tourna-
ment were taken. and other plans
were thoroughly discussed.
What the confereeS will do to the
McF>adden banking bill is causing
wide speculation among local bank
ers. A sharp fight in conference ~
considered certain. and ii will be sew
eral days before the measure will hs
returned by the committee for final
action.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1926-03-04
10 DEAD, 20 HURT
!. IN TORNADO PATH
Mississippi, Arkansas, Indiana
and Ohio Valley States
Are Swept.

Memphis, Tenn.-Ten persons were
killed and more than a score injured
by the tornado which swept Chicot
county, Arkansas, and parts of west
ern Mississippi. The storm demolish.
ed tenant house on the c. D. Head
plantation. killing Levi Tyson, 30; his
three daughters, ages 1, 3 and S. A
Negro was killed at Jennie. A II
year-old girl was killed at Tisdale,
Miss, where practically every home
was demolished. Two Negroes were
killed near Cruger, Miss, one was
killed at Greenwood and another at
Greenville, Miss. Indiana, Arkansas.
Louisiana, Mississippi, Kentucky and
Tennessee and part of the Ohio val
ley were swept by gales and thunder
storms featured by heavy downpours.
The wind reached its greatest velocity
around Louisville, KY, where it blew
at the rate of so miles an hour. Winds
varying in velocity between 40 and Sc
miles were general over the district,
hampering wire service and traffic.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1926-03-04
CITATION FOR HEARING ON Pc.
Triton FOR ADMINISTRATION

Estate of John Hultgren.
State of Minnesota, County of Pine,
In Probate Court.
In the matter of the estate of John
Hultgren, decedent:
The State of Minnesota to all per-
sons interested in the granting of
administration of the estate of said
decedent: The petition of Ellen M.
Anderson having been filed in this
court, representing that John Hult-
gren, then resident of the County
of Pine, State of Minnesota, died in
testate on the 2Sth day of December,
1925, and praying that letters of adj
ministration of his estate be granted
to John M. Anderson; and the court
having fixed the time and place for
hearing said petition. THEREFORE,,
YOU, AND EACH OF YOU, are here
by cited and required to show cause,
if any you have, before this court
at the Probate Court Rooms in the
Court House in the Village of Pine
City, in the County of Pine, State of
Minnesota, on the 22nd day of March,
1926, at one o'clock P. M, why said
petition should not be granted.
WITNESS, the Judge of said Court,
and the Seal of said Court, this goth
day of February, 1926.
ROBERT WILCOX,
Probate Judge.
court SeaD
(Feb. 25-March III
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1926-03-04
NOTICE OF HEARING ON PETITION
OF FREEHOLDER TO BE
SET OFF TO ANOTHER
SCHOOL DISTRICT

State of Minnesota, County of Pine.
Notice of Hearing on Petition for
School District Set-off.
NOTICE is HEREBY GIVEN, That
VIM. P. Sadler has filed his petition
with the County Board of said county
stating he is freebooter and resident
in said county; that he owns land
now in School District No IS, in said
county described as follows, to-wit:
NEA and E11s of NWA, Section 13,
Township 40, Range 10, which land
adjoins School District No. ~, in
said county, and petitioning, for
reasons therein stated, that his said
land be set off from said School
District No. IS to said School District
No. Y; AND THAT SAID PETITION
WILL BE HEARD at a meeting of
said Board on the 22nd day of March,
1926, at one o'clock p. M, at the
County Auditors office in the village
of Pine City, in said county.
Dated February Is, 1926.
BY Order of the County Board:
ANDREW p. EDIN,
County Auditor.
March 4-1D
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1926-03-04
COOLIDGE SIGNS
new TAX BILL
100000, 600 Burden Lifted
From Income Rate-payers
by New Law.

Washington-The new tax reduction
bill became law when President Cool
idge gave it his formal approval. The
measure, which provides for a reduc-
ton of 1887, 100000 in the amount of
taxes to be paid by the American peo-
pie this year, was signed by the chief
executive in his office as battery OF
still and motion picture camera men
recorded the scene. The reductions
afforded by the tax bill become effec-
tive Immediately on all provisions ex-
cept the automobile and theatre adj
mission taxes, which become effective
in 30 days. The income tax provi-
sion applies to last years earnings.
The presidents office was transformed
into studio with two Kleig lights
adding to the illumination. AS Mr..
Coolidge took up a pen he said to
his invited guests: Come up close
behind my chair; short gentlemen in
front, tall gentlemen behind" OF the
$685., 100000 reduction in the federal
tax total, more than s200,00O,000 will
represent saving to personal income
tax payers. Under the new schedule
a married man with two children will
have to make $4,000 before he is sub
ject to income taxation. Personal ex-
emptions are increased from $1,000 to
$1,000 for single persons, and from
$4,000 to $4,000 for married persons.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1926-03-04
NOTICE TO BRIDGE
CONTRACTORS

Sealed proposals will be received
at the office of the County Auditor
of Pine County, Pine City, Minnesota,
until o'clock P. NJ, Monday, Mar. %,
1926, for the repairing of the bridge
over Kettle River at Sandstone, Min
nesota, consisting of reflooring, guard
rail, painting and widening west end
and filling of approach.
Plans and specifications may be
examined at the office of the County
Auditor, Pine City, Minnesota, or at
the office of the Minnesota Highway
Department, 1246 University Avenue,
st. Paul, Minnesota.
Bids must be accompanied by GER
titled check or bidders bond payable
to the County Treasurer of Pine
County, for at least five per cent of
the proposal.
All proposals must be upon blank
forms furnished by the undersigned.
The County Board reserves the
right to reject any and all bids and
to waive any defects.
By order of the County Board, Pine
County, Minnesota.
Dated this 18th day of February,
1926.
ANDREW P. EDIN,
County Auditor
(Feb. 25-March III
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1926-03-04
1000 Lose Homes in Fire;
Troops Called To Aid CITY

Newport, Ariz.-Newport was vir-
tually under martial law with one
dead, several injured and one-fourth
of its population of 1000 homeless, as
a result of a fire which destroyed
more than $50 of its homes. The total
loss was estimated at $1,O00,000 Mary
Johnson, a Negress, was known to be
dead and child was reported dead.
The homeless were sleeping in
churches, the high school building,
which escaped the flames, and some
in the park. A national guard unit
was en- route to the city with tents.
Meanwhile the American Legion post
under the leadership of Johan jamie
son and ]. w. Case was patrolling the
streets to keep down possible looting.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1926-03-04
u. S. Will BuV Liberty Bonds

Washington-An offer to purchase
s100,O00,000 of Third Liberty loan
bonds direct from holders was an
nounced by Secretary Mellon in con-
nection with the program for the reg
ular quarterly financing operations Of
the government. This is the second
time the government will deal direct
ly with holders of its securities, the
treasury announcing that the first at
tempt in the last quarter had proved
successful. Brokers will be eliminat-
ed in the proposed transaction, the
bond owners dealing with the govern
ment through authorized banks or
dealers.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1926-03-04
Hanna To Oppose Nye in N. D.

Devils Lake, N. d.. B. Hanna
of Fargo was Endorsed by the Repub
ican convention as a candidate for
the long term for the United States
senate. Hanna will seek the Repub-
lican nomination in the primaries in
opposition to Gerald P. Nye, the pres
ent incumbent, who has the indorse-
ment of the Nonpartisan league. The
convention was composed of those
Republican delegates who joined with
the Democrats in naming a fusion
ticket for state officers to oppose the
league ticket. Hanna. former con-
gresham and governor and manager
of the Coolidge campaign in North Da-
kota in 1924, established a lead in the
first ballot and the result was never
in doubt.