davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1926-01-30
SAVINGS LEAGUE
ASSET JUMP

C. Clinton James, president Of
the United States League of Local
Building and Loan Associations,
was one of the, speakers of the
Metropolitan League of Savings
and Loan Associations at q banquet
held at the Hotel McAlpin, New
York city. January 81. 1926. The
other two speakers We're Senator
Royal s. Copeland and Lieutenant
Governor Lowman, on New York
The Metropolitan League of Saw
ings and Loan Associations for the
past three years has been observing
as their particular day during
Thrift Week Own Your Own
Home Day. which this year fell
on January 81. and they closed the
days activities with banquet in
the roof garden of the Hotel Nc
Alpin.
Mr.. James congrat ulated the New
York associations in the Metropolis
tan district upon their rapid growth
during the past five years. the
associations in the State of New
York have doubled their assets and
membership in the past five years,
and the assets of 100.000,0 900 in the
building and loan associations in
the metropolitan district nearly equal
the amount of assets in all the
building and loans associations in
the State of New York five. years
ago.
Mr.. James said that if the asso-
Citations grow as fast in the next
five years as they have In the
past I've years. and he believes
they will grow faster because Of
better organization and better edu-
cational advantages by 1881. when
the building and loan associations
will celebrate the one hundredth
anniversary of the movement in
this country, there win be ten
billion dollars in assets in the
associations in the United States.
He also stated that during the
year 1925. the $4,000 building and
loan associations in the United
States had loaned for the purchase
Or construction of new homes about
$1s600. 100000, which, it is estimated.
financed 450, 800 American hclnes
during that year.
He also stated that according to
recent Government statistics, H.
900. 900 people are dependent for
their living upon the construction
Industry and % per cent of all the
skilled and unskiIled labor OF the
country is engaged in the building
branch alone; that our building bill
Is 1900 per annum for everv family
In the United States.
The Washington times., 1926-01-30

Heretofore, when winter ap-
preached. operators were eager TO
finish their current operations,
lay off their men and put UP their
equipment until the coming Of
spring, when they. could, with safe
ty, resume building.
This winter sees the volume Of
construction differing but slightly
from the volume OF seasons, more
favorable to building operations. Ir
the metropolitan district, there are
many notable office building and
hotel projects underway, Whiae on
all sides, one notes the rapid de-
veIopment and expansion Of the
suburban areas, and the numerous
downtown operations where apart
ment houses are being constructed.
This condition Is directly respon-
sibIe TO a great extent for making
business this year better than
usual. The large volume Of build
ing by furnishing continued employ
ment to workers In the building
trades this winter has prevented q
large amount of unemployment IN
that Industry, always associated
with this season Of the year.
Purchasing Power Sustained
1T has been Of great benefit to
these workers, and by sustaining
their purchasing power has con.
tributed also to the prosperity Of
Washington s. merchants and trades
men. Business in Washington
shows substantial increase over
that of year ago in valuation Of
construction projectA and debts 70
Individual accounts.
According TO the index OF mar
ket activity compiled by the Ma
tionaI Association of Real Estate
Boards. the real estate market ma
tionaIly during the month Of de-
cember. registered a higher degree
OF activity than any month Cor the
past year except July
The real estate market, locally,
has shown no exception to the con-
ditions outline in that index. The
reports of sales by local buffers
indicate a high degree OF activity,
and the new operations copstantIy
being started by the prominent
operators in the city show their
confidence in the continued demand
throughout the winter months.
This is clearly indicated also by
the building permits issued for the
week ending Saturday. January 90,
for construction valued at about
81 300 .0Ge The types of Construc-
ton vary from row houses TO
apartment houses and business
buildings, indicating as yet an uT1-
satisfied demand for new @Construc-
ton in Washington.
Boom" Is Regular Program 4
What many once spoke Of as a
building boom in Washington has
become building progranf The
old is giving way to the new The
natural growth of the city. plus
the plans for greater and more
beautiful Washington backed by
men able to effect the realization
The Washington times., 1926-01-30
AUCT |ONL LURES
REAL TORS

The washington allegation OF
realtors who attended the mid-win.
ter meeting of the National Assol
citation of Real Estate Boards in
New Orleans last week visited the
site of the largest real estate trans
action that is recorded in history.
Practically all Of the Washington
delegation visited the famous Ca
bildo In New Orleans, the scene
of the Louisiana Purchase.
Under the terms of this purchase
the entire State Of Louisiana was
sold by the French government to
America.
For the benefit of the visiting
realtors the entire transaction was
re-enacted in pageant from the his
toric CabiIdo. An added interest
was attached to this performance
in that the people who took part
In the pageant were the direct de-
scendants of those who participat ed
in the negotiation which resulted
IN the inclusion of Louisiana, the
State, in the American nation.
Auction Unique
Another unique feature which
was attended by the local delegation
of realtors was the famous weekly
real estate auction conducted in
New Orleans.
This auction is the only one of
fits kind in the country and is con.
Quoted by realtors themselves, in
stead of by professional auctioneers.
The realtors are licensed by the
city to conduct this auction sale
and are permitted to charge a 3
per cent fee for making the sales.
In addition, the seller pays IL per
cent commission to the city which,
l. e.. III. -S.rA IaS~<x H&.x1r
A special building is used by
the realtors and sales are con-
Quoted on platforms containing the
names of the real estate men and
presents an appearance very SINH.
lar to the New York Stock Elk
change. Very often has high as
80 auctions are being conducted
simultaneously These auctions are
held at noon every Thursday The
The Washington times., 1926-01-30
TO FOSTER
ATIN-AlvERIcAN TRADE

RICHMOND. Va. Jan. S0.--Fi1e
inauguration next Monday Of
Harry Floyd Byrd as governor Of
virginia. WIN also be the occasion
for new steps ii the movement @
the Virginia state Chamber 81
s 50, arce "a foster better trade re.
lations with the Latin American
republics, and to urge the advaIit
ages of Hampton Roads a. the
best American import point Tor
that trade.
senior Don Francisco Sanchez
I.atour, Guatemalan minister 20 the
Tinted States, and senior min.
lister Of the Pam American repuDlics
accredited to washington, viii be
& guest or honor at the inaugalIa
ton. senior Latour was one Of the
Sotltl, American diplomats and
trade leaders who attended q con
ference in the interest Of closer
trade relationships IN Richmond
last May
The Washington times., 1926-01-30

well.known members Of English
people who have secured rescrva-
tions in the new tract. Mrs. Joshua
Cosden, the Countess Salm, I'd
Moore, Paul Moore, Lyle Hu j.
Maitland Alexander. and Rodman
Wanamaker.
The formal opening of the Ritz
Carlton Cloister will be the featui Z
of the social season. Of the yeaa a.
Boca Ration.
II liz expected that at mat time
the most exclusive people of Palm
Beach and Miami Will foregdtiloi in
the magnificent new building there
TO celebrate the debut of Boca
Ration as the newest OK all OF
Florida i cities
The Washington times., 1926-01-30

uary has been sluggish market
month
Numbered among the people who
bought in the exclusive addition are
some Of the foremost society people
of this country and abroad The
stringent social restriction that as
been placed on the property by the
committee in charge necessltatcd
the returning of several cheeks that
would have run the total well over
the million-dollar mark
The new Distrito de Boca isaton
will achieve vogue as the renIcz
vous of the elite of the world it as
believeds by the committee. Laay
Diana Manners, Mrs. Dudley Ward.
the Duchess of Westminster, and
Alastair. Mccormick are among .ne
The Washington times., 1926-01-30

property is advertised by law three
days in advance of the sale and
unless reservations are made the
property is sold to the highest
bidder no matter what the bid.
Plan is Successful
This method of transferring real
estate has proved highly successful
and many owners of property and
investors prefer this method be-
cause of its avoidance of delay in
selling the property. The sales at
these auctions range from the sell
ing of cheap lots to huge office
buildings valued at millions of dol
lars.
Clarence F. Donohoe. president Of
the Washington Real Estate Board,
B. F. Saul. Barnard Saul and. Rich
ard P. Witty. all of Washington,
joined a number of the realtors
from other cities on a cruise to
the West Indies. specially ar
ranged cruise for members of the
association. Several other local
men took the opportunity of their
presence in the South 10 visit
Florida!
The Washington times., 1926-01-30
Memorial to Husband

HAGERsToWN. Nd, Jan. s0.--lA
beautiful memorial has been placed
In St Johns Protestant Episcopal
Church Of this city BY Mrs Julia
Hamilton Briscoe III memory Of her
husband, James =. Briseoe. Dedica
ton services win be held tomorrow
morning at iii o'clock
The Washington times., 1926-01-30

Of such plans has instilled coafi-
dence in the builders and property
owners Of Washington, for they
realize that through coming, prop.
erty values viii be established and
new residential deveIopments will
The Washington times., 1926-01-30
Construction Goes on
Through Winter

The Springke weather which Washington has enjoyed,
with few exceptions far this winter has been great
stmulant the local industry all its branches
The extremely cold weather around the Christmas Holidays
and n the week two tended somewhat to temporary
slow up the operations of contractors and builders but IN
general the mdess of the weather has permitted builders
to- practically their normal force of employees
The Washington times., 1926-01-30
RATION. IS
LUR|NG ELITE

The sales OF the Palm Beach Of
flee of the Miner Deyelopmen ut
Corporation have reached new Levels
for the month OF January, accord
ing to the statement issued by
George Fryhofer, general sales man
ager. He. reports that with the
opening Of Distrito de Boca Ration
one of the most spectacular sales
that has yet been Witnessed in the
history Of Boca Ration was recorded.
The sales reached the peak Fri
day, January %, with total Of
$685., 900 for that one days sales.
This included the checks coming in
on ocean front properties in the
exclusive Distrito section. Incl
dentaIly. the splendid day registered
Friday was the highest sales day
of the new month of January. The
record dispels the belief thai Jan
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-08-19
tional Leather broke IL IL points to
144 on a couple of sales.

tional Leather broke IL 1-2 points to
LA on a couple Of sales.
Buying of the rails was stimulated
by the publication Of report of the
Bureau Of Railway Economics show
ing that earnings and traffic OF class
one roads broke all records in the
first six months of the year and by
unconfirmed reports that the Van
Sweringens were attempting to come
to terms with minority stockholders
before resubmitting their revised
nickel Plate" plan. Union Pacific
touched 159 IL. the highest prices
since 1914, and Chesapeake and Ohio,
Rock Island and Pere Marquette at
tanned their highest prices in a year
or longer.
Time money and commercial pa
per rates were unchanged.
Commodity prices we're mixed;
Active wheat futures rallied ABOUT
a cent a bushel on reports OF az
verse weather. Cotton closed to IL
noinfs net higher with a better de-
hand noted from trade sources.
A sharp rally OF over ten points IN
rrancb francs. which ruled around
. "a cents. featured the foreign eX-
change market. -,u-
|. Ruying of semi-speculatlve ran
road liens and a few selected INDUS
trial issues failed to bolster up tn s.
bond market and prices generany
sapeed to lower levels. Trading was
extremely dull. duplicating the per-
fnrmaI,ces of the past few days.
The broader demand for ran
bonds was linked up with the exnl-
bition of strength given by ieaoins
carrier stocks. Chesapeake and ONO
Convertible IS jumped a points TO 10,
foiiowinr the stock into new high
eround. on buying inspired by re-
norts that negotiations were unaer
nav for a settlement of the difier-
srces between minority shareholders
and the Van Swerigens over the re-
vised Nickel Plate merger terms.
Nickel Plate issues also were
oils gave the best demonstration
If rro,in strength in the 1ndustriai
list being aided by the better ue-
mand for petroleum stocks. skeily
& lbs sold at 103, within l point o.
their high record. while General AS.
malt 6s climbed to a new Top ~
1o7 Virginia Carolina Chemical Is
.Iso reached a new high level
Ira ding il L. 8. and foreign GOV
erament Obligations was teatufeiesS'
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-08-19
GLADWIN
WINTHROP

The regular meeting Of Albert II.
Frost Women's Relief Corps will be
held Friday evening at 7.3o.
Mr.. and Mrs. Frank Kneeland were
recent visitors in Portland.
Stanley Kneeland is visiting at
Pemaquid.
Mr.. and Mrs. C. L. Judkins and
Miss Hazel Judkins and Mrs. James
Wellman have been visiting frienos
in Bradley.
Miss Mary Murray has returned
from a visit in Boston and Is at the
home of her cousin, Mrs. Effie
French.
Mrs. Albert Nutting. who has been
visiting her sister. Mrs. Ora Maxim
has returned to her home in Port
land.
J. F. Littlehale and son. Robert OF
North Redding. Mass, are guests OF
Mr.. and Mrs. w. ]. Bonney.
Mrs. Ernest Williams and son,
Stanley, who have been visiting rela-
tives in town. have returned to their
home in Bath.
Mr.. and Mrs. Roland Canton, who
have been visiting friends in town,
left Yesterday for visit in Rum
ford before returning to their home
in Worcester, Mass.
A special meeting of Winthrop
Post, American Legion, was held
Tuesday evening with good at
tendance. Rev., ]. A. Haines gave a
fine talk on Legion Work in the
Community" The committee on the
barn dance reported the sum of over
5000 clear from expenses. 1t was
voted to hold the field day on Satur-
day. August 2Sth.. and it was also
voted to allow the Mothers Club the
use of the Legion building for q whist
party some time next month.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-08-19

and rail 1854; No. 2 hard winter o b
New York lake and rail 1.52a; No. 2
mixed durum to arrive 1854: No.
Manitoba lake and rail to arrive l.6SS
in bond. Wheat futures firm; domes-
tic September closed 1857, December
1.43s, May 1.4S3; bonded December
1.44a, May 1.46a; all Buffalo delivery.
CORN-Spot steady; No. 2 yellow
track New York all rail "a; No.
8 yellow do. 913
OATS-Spot firm; No. white SO;
LARD-Firm; middle west 15.509
Other articles unchanged.
POTATOES-Firm: Long Island new
per barrel No. ! S.75 q 4.25; New Jer-
sey new per $50 pounds 35063.75.
BBAGES-Steady; Long Island
white per barrel 1.00@1.75.
BUTTER-Firm: receipts 1871;
creamery higher than extras 42s q 433;
creamery extras, go score, a.: cream
cry firsts, IS to 81 score. 3s@41a.
fresh gathered firsts STass: do. sec.
onds 2S 80; Pacific coast whites pro.
ceSSed extras As.
The raw sugar market was unchang-
ed today at APP for Cuban, duty paid,
with no sales reported.
Raw sugar futures were easier un-
der September liquidation and selling
of more distant positions by houses
with trade and Cuban connections. The
close was one to three points net low
err Approximate sales $4,000 tons.
September closed 2.44, December ESQ,
January 2.67, March 2.67, May 2.75.
changed at $40 to $50 for fine granu-
lated. Good withdrawal was again in
evidence. but new business was only
moderate.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-08-19
NEW YORK MARKET
FEATURES Of The Days Dealings In
All The Leading Stocks

.. New York, Aug. 1S-(By The Assoc
saeeu Press)-Extensive readjust-
r as,a. OF speculative accounts, with a
tauler Widespread tendency to switch
null .he industrials to the rails, i'm
t ss;sea considerable irregularity to
. wuay stock market. Selling pres
iva, NY was quite pronounced during the
tso,,nihg' due to a renewal of bear at
tss .As and heavy liquidation by small
so auefs who followed the advice Of
b,u me OF the large commission
s FUSES TO tighten long commitments
s Nv 70 restrict purchases to high
s saae Issues which had not shared
E.s.,nsively in the recent advance.
i.iy losses ran from l to points
w,s soores OF popular issues, but these
moa e reduced or converted into
wS;oa gains during the rally
ma a,'a started in the early afternoon
continued to the close.
1ssaough call money renewed at
urs per per cent and held at that fig
Of t, al oay, with a plentiful supply
urnss aos available. Wall Street con-
cred,t 70 express concern over the
'u't situation.
parsH.Vy liquidation was again ap-
iurs I. IN U. S. Steel common, pre-
ofsc au'y In further reflection Of I'M
diva limitations that no stock
TSs no would be declared this year.
points STOCK broke more than seven
iisbsss below the high record estab-
tal Isa Yesterday to IL IL but latter
eraJ 'S MO 70 l54 ga. off 1 s-s net. Gem
rmsSotors, which has shared the
steel snip Of recent markets with
Closes soia as low as POI IA, but
! a. a, at 2o5 "a for a net gain Of
stanS stands Truck was one of the out
ciosiosn ing industrial strong spots,
Perez nve points higher at 1874.
points arrow preferred jumped Z IL
and II. 70 new record price at rs
higher .. common oa closed 2 IL points
ede as announcement of several large
brousb, Tor railroad equipment
with a sn. fresh buying into that group,
Air Re SdHelal strength being shown by
bal ana suc11lon, General Railway Sig
Cuban Westinghouse Air Brake.
Dew lom american a. Sugar touched a
~ Ior the year at 81 SIS. Ma
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-08-19
Chicago Cattle Market

Chicago, Aug. Is.
cATTLE-Receipts $4,000; recent
decline on steers stopped, most fat Of
ferings SO to IS lower; yearlings
steady to Is lower for week; heavies
go: bulk weighty steers S.50@9.50;
some S.25 and lower; she stock weak
to rs lower: grassy cows and heifers
of most; clearance fairly good;
weighty grass steers punished with
fed offerings with most grassers $500
HoGs-Receipts 1000; generally 10
to IS higher; light hogs showing min
imum advance; pigs generally so lower
than Mondays average; demand i'm
proved at downturn: top 1855, aver
age weight ITO to 100 pounds; choice
200-pound weight UP to 1885: bulk de-
sirable $40 to 2S0-pound average 1915
to 12.75; most 200 to 3z5-pound butch
ers 11.25@12.25; bulk desirable pack
ing sows 0.25Ql015;. most good
weight slaughter pigs 1880 to 1875;
light weight ranging downward to
100; shippers took 5000; estimated
sHEEP~Receipts 1900; better
grade fat lambs steady to strong;
lower grades barely steady. to weak;
top westerns. 14.50; bulk 1925: some
1900; top natives to small killers
14.35; packer top 1925; bulk 1875 to
1900: some down to 1925 and below;
culls steady, 9.0019.50; sheep steady
to weak: fat ewes 5.5066.50 mostly;
feeder lambs strong to is higher; top
1925 FOR s5-pound weight; early bulk
1890 TO 400 on so to s5pound kind;
heavier kind downward.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-08-19

a result the wheat market closed firm
1 to 1sc net higher, with corn ] to &c
up oats to &c advance, and provis-
ions showing a rise of to 15c.
Active demand fer future deliveries
of wheat manifested itself especially
in the last part of the day and includ-
ed a material amount Of purchasing
believed to be on foreign account. In
addition, the fact was revealed that
vessel charters for 1,250,000 bushels
of wheat to be shipped from here to
Montreal were made here late yester-
day and today. Besides, with primary
receipts smaller and with the cash
wheat trading basis firm both here
and in the southwest, sellers were in
q minority the greater part of the
time.
Threshing delays in spring wheat
territory were again bullish factor,
swinging to reports of additional wet
I weather in the northwest. A reduc,
ton of 100000 bushels in the official
, estimate of the wheat crop of Ruma-
mia was also subject of comment in
view of the fact that Liverpool quota
tions today were steadier than due.
,, On the other hand, the United States
department of agriculture reported
that domestic winter wheat farmers
expect to increase their average 14.4
per cent. this fall.
Corn and oats rallied with wheat.
The Missouri state crop report was
bullish on corn, saying rains came too
late to help great deal OF the crop.
Provisions were responsive to up
turns both in hog values and In grain.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-08-19
Boston Produce Market

Boston, Aug. IL.
BEEF--Choice whole cattle 14s9 is.
BUTTER-Highe scoring than ex-
tras 4ohG43; extras AZ; extra f1rsts
41641J: frsts 38@39t.
CHEESE-Extras 2S@24; hrsts 21s
q 22A.
-CORN--No. 2 yellow s6G97.
EGGS-Nearby hennery brown ex-
tras 51652: white and mixed extras
46@51: eastern extras 3SQ42; western
extras 3693s.
FLOUR-spring patents, 1ss-pound
ascks, special short 9.10@s.20; stand
ard 8.10@9.00.
HAY-No. 2 timothy 2792s.
Handspring 2S629.
PORK-Medium backs 31@34.50
OATS-Forty pounds 54@55.
OTATOES-Eastern shore 1915 %
4.25; new southern No. l 3.75Q400;
sweets 5@7.
SUGAR-American Sugar Refining
quotes $50 cents In 100-pound lots
less per cent. for cash.
VEAL-12023.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-08-19
WEEKS MILLS

Miss Arlene Clark returned home
Saturday from the Augusta General
Hospital.
Mrs. Sarah Mclaughlin Of Albion
Is visiting her cousins, Mrs. A. 3.
Montgomery and Mrs. M. J. Whit
man at Mrs. Lila ]. Crommett's.
Mrs. Sarah Mosher 10 visiting
Mrs. Hattie Dodge.
Mr.. and Mrs. z. 3. Noyss Of
Livermore Falls, were In town. re-
Gently.
A party consisting Of Mr.. and A6ss.
Loville Proctor and Miss Gladys,
Mr.. and Mrs. Burwell, Mrs. Mute,
Mrs. Nelson Brown, Mr.. and Mrs.
B. D. Brown. Mr.. and Mrs. Bonnie
Kenney and Mrs. Everett Harmon
notored to Northport sunday, 70
attend emp meeting,
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-08-19
FINANCIAL NEWS
E2

Preparations were reported under
way for an early offering Of $S,OOO,-
600 German consolidated municipal
tiles bonds, experimenting the orig
inal S15,00O,O00 loan arranged here
earlier in the year.
The bonds, maturing in p years
and bearing percent interest rate,
will be offered at 90 to yield about
Z Ia percent. The offering will be
made through a syndicate headed by
Harris, Forbes and Company and
Lee, Higginson and Company.
Total sales were S7,563,000.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-08-19
Markets at a Glance
New York
Aug. 1S.-1P,

aug. le.-tH1.
New York:
Stocks irregular; Union Pacific and
other rails at 1925 highs.
Bonds mixed; rail issues firm; sugar
bonds heavy.
Foreign exchanges steady; French
franc rally.
Cotton advanced; bullish crop adj
vices.
Sugar easy; commission house SELL
ing.
Coffee declined; disappointing Bra
lillian markets.
Chicago:
Wheat higher; decrease in stocks.
Corn firm; bullish weekly weather
reports.
Cattle lower
Hogs higher; improved demand.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-08-19
Chicago Produce Market

Chicago, Aug. 1S.--(P.
Evidence that export buying OF
wheat has been much more active than
supposed helped to put fresh strength
into wheat values today Largely a.