davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
COTTON IS STEADY;
SLIGHTl Y HIGHER
Prices Hold to Marrow Range
After First Hour Trad
IND Is Quiet.
~ ~ A..ociated Prees.

by the ABNDEANNCA = AGe1' 4
NEW YORK, July H.-C Cotton
futures opened steady; October, 17.2e;
December, 1926; January, 1928;
March, 1880; May, 1875. The market
was steady today at an advance OF .
to s points and sold about 8 to 10
points net higher during the first few
minutes in response to relatively firm
Liverpool cables, reiterated reports OF
better business in cotton goods and
further weekend covering.
Initial demand seemed to be fairly
well supplied around 1876 for early
new crop months, however, and the
market became very quiet shortly
after the call. There appeared to be
Just enough uncertainty regarding
weather conditions over Sunday, ow-
ing to shower prospects for the South
west, to check selling, but hardly
enough to bring in fresh buying.
Prices held within q comparatively
narrow range for the first hour.
The forenoon market eased on a
favorable view Of the official weather
forecasts. October sold Off from 1886
to 1925 and January declined to 1928,
making prices about net unchanged
to 2 points lower. Covering caused
rallies in late trading. however, and
the close was steady at net advances
Of s to points.
New York cotton futures closed steady at
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
WHEAT SCORES GAINS
ON WEATHER NEWS
Persistent Unfavorable Reports on
Spring Crop Send Prices
Upward Again.
~ the Associated Press.


CHICAGO, July 17.-With persist
ent unfavorable reports coming both
from American and Canadian Spring
crop territory, wheat values averaged
higher today in the early dealings.
Opening q cent on to cent up, the
market soon scored all around gains.
Corn and oats rose with wheat
corn starting at Y cent decline 70
x cent gain, and subsequently show
ing q moderate general advance. FRO
visions were easy.
Greater decrease in bread wheat
production in the Northwest Is
looked for than In Durum wheat,
which Is chiefly used for other pur-
poses than bread In TINS
connection advices received To-Day
from the premier Spring wheat state,
North Dakota, said that for nearly
2o(l miles the State south OF the
center ranges from very poor to rail-
IRE. with the north half varying
from poor to good. Abandoned fields
win probably total million acres
according to an eminent crop
authority.
Canadian reports today included
word that between Edmonton and
AIgary and for $50 miles northeast
of Calgary the crop generally con-
sists OF single stem stand and y
badly fired. Unless plentiful rain
IL had within few days the con-
dition will rapidly deteriorate.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
BOSTON AND MAINE PLANS.
FOR FINANCING 0. KID

The Interstate Commerce Commits
sion yesterday approved plans LOT the
financial rehabilitation Of the Boston
and Maine Railroad, calling Tor the
issuance Of $40, 600 Of mortgage
.,,.icr nrefgrence stock. The road Is
permitted to carry out the program
after August 5.
The commission report declared the
New England carrier had suffered
financially prior to 1924. that It had
been unable to take advantage o.
cash discounts on its bills, that its
dividends had heed passed.. and that
Il had suffered an impairment OF
credit under the reorganization pan.
a total Of 1870, 900 shares OF prior pre-
ference stock with q par value OF xloO
WIN Be- offered to present stockholders
at par and any amount not taken up
~ them viii be offered for sale at
auction at not less than par.
Proceeds from the sale Of the stock
win Sc used to partially pay for adj
difions and betterinents which the
road estimated would cost S1e,is0.s6o.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
OF W., B. "A.
SHOW BIG INCREASE
Half Year Deficit Larger june
Figure Smaller Than Same
Period Last Year.
special DisDssch % Inc star.


BALTIMORE, July l7.--While the
June net loss OF the Washington. Bal
tinore and Annapolis Electric Raal-
way decreased nearly orle-haf COM
pared with June, 1925, the net loss Tor
the first six months OF 1926 increased
over four times the loss for the cor
responding period Of last year, accord
ing to the semi-annual statement OF
the company, just made public.
Net loss for the year up to june 80,
was s62,478 as compared with q net
loss Of $14,48S in the correspo nding
period Of 1926.
m June the net loss Mas $4,SsS,
against $9,1O4 last year.
While the percentage OF railway
operating expenses to railway oper-
ating revenue In the six months was
somewhat higher than In 1925, sub
stantia1 reduction was shown In June
In favor of the company. Operating
,atio for The first half OF the year.
was 1913 against 8O.17 per cent In
the 1925 period, but in June this was
lowered to 1850, against a3.40 per
cent in July, 1925.
The earnings include only the oper-
ating results Of the washington, Bal
tirnore and Annapolis and are exclu-
siye Of the income Of such subsidiaries
as the Annapolis and Chesapeake Bay
Power Co., the Terminal Real Estate
Co, and the Maryland Development
and Realty CO. Of Anne Arundel
securities Of the company recently
have been unusually active on the
Baltimore Stock Exchange, paxticu-
Iariy the first mortgage per cent
bonds. Although about $500. 900 Of
the bonds have been sold the past
week on the local floor. and many
more have changed hands on the ex.
change without record, the price posi-
ton has not been greatly disturbed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
j. S. STEEL At new
/. HIGH MARK TODAY
General Motors Also Tops
/ Record-Dodge Continues
It's Advance.
BY STUART r. WEST.

Special Dispatch to The Star.
NEW YORK, July f7.--United
States Steel made q new high record
on the Stock Exchange today. THIS
was the big feature of the tWo-nour
session. Its COMPANION stock, Cen
eral Motors, also shot into new hign
ground, but 1t was the ability OF steer
common to absorb all recent offerings
and push through its previous high
limit which attracted most attention.
This feature was accomplished In the
second and last hour. 1t stimulated
buying, not in the general list, out IN
numerous individual quarters.
Independent steel shares were
strong, although not noticeably active.
Colorado Fuel was rather an excep-
ton, moving ahead over q point.
Among the motors, Dodge Brothers
A continued its remarkable ADVANCE
and was persistently bought through
out. White Motors rose over point.
Mack Trucks sold at the best figures
of the present movement Du Point
went along with Genera Motors.
on the other hand, while not at all
weak, 1t still seemed difficult for Hud-
son to participate in the forward
swing with the other members OF the
group. Jordan Motors was sold under
publication of the second quarter ng-
ureS, which showed q falling or IN
the surplus available for the common
stock as compared with the first three
months.
American Can sold at the highest
since the capital split-up. The ad-
vance was resumed in Postum Cereal.
A few high.priced industrials like
General Electric. Allied Chemical and
westinghouse Air Brake had a quick
run.up. General Railway Signal
gained over a point and Westing-
house Electric did better. Montgom-
cry Ward was bought again rather
actively.
In the railway section, New Haven
was the leader again, getting up
above 4S for the first time. New
York Central, which had been drag
ging on previous days, rallied over
a point. Missouri Pacific got above
20 again.
Steel commons new high was las,
which was a half point above the fig-
ure touched on July s. The new top
for General Motors was 1863. which
compared with yesterdays previous
high record Of 1645s.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
NeW Orleans Quotations.

NEW ORLEANS, July II o.
Cotton futures opened steady; Janu-
airy, Ills; March, 17.25 bid; July,
1912 bid: October. 1920; December,
I7.17. The market was steady today
and although Liverpool was about
as due, first trades here showed gains
Of 10 to 10 points. October trading
up to 1925 and December to 17.17.
The opening squirt was due to over
night predictions Of showery wealth
er. AS soon as today's forecast was
issued promising fair weather for
the belt the market reacted. losing all
the initial gains. October dropping
to 1909 and December to 1902. Fan
River reported sales Of print cloth
for the week totaling 100000 pieces.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
|. N. N. BONDS DROP.
! ON SHIP SALE NEWS
High Grade List Is Mixed.
Utilities Are Firm Some
Rails Gain.
/ nllnatch Id Tha star.

Special Dispatch to The star.
NEW YORK, July 1.-THE feature
OF today's bond market was the per.
pendicular drop In International Mer.
camille Marine IS following the an
from London overnight
that negotiations for sale of the White
star Line to British interests had been
terminated.
The bonds had been weak before.
selling from SAX to 81 rs The open.
ing today was at 81, Off ~ points.
from which quotation there was o
rally to So, and then under renewed
pressure decline to about initial
price. At 81 the bond was down II
points from the high reached when
news Of the prospect of sale was first
made public.
No Important Selling.
In contrast with this direct response
to the news there was no important
selling of the bonds Of the Northwest.
efn railroads following the denial by
the Interstate Commerce Commission
of petition for rate increase. Great
Northern 10 were down q quarter OF q
point. but that was simply Q part OF
the general market movement.
The high-grade list continued irreg'
utAEe with u bSCttNA@4 tOAEC AAA S0AAAse
parts and further fractional losses in
others. Baltimore and Ohio South
western SIS and Central Pacific 6s met
support just above par. The high.
grade utility bonds were relatively
Arm. On the other hand. New York
Central s., Kansas City Terminal As
and Chicago and Western Indiana 4s
lost q little more ground. Illinois
steel AIS went down q half point.
Speculative rails shared In the I'M
OF their respective stocks
TO only a moderate degree. New
Haven convertible SIS were only frac.
tionaliy higher, but not az strong as
they had been early in the month.
There was no rally in the ST. Louis
san Francisco list nor did the Great
Northern adjustments respond TO re-
ports Of better earning outlook.
Copper Issues Firm.
Copper and mining issues were firm
except for CRANKY Mining 70. which
were down at one time over q point.
OIL bonds were still heavy. General
Petroleum IS sold at par, which COM
pared with 1O11k, the high made when
Standard OIL Of New York first as
surned the obligations.
Foreign bonds were Arm. French
issues again registered indifference 70
the fate OF the franc. French 7s sell
ing at eOH were only a point below
the years best price. South Amer.
can issues were In good demand. bank
Of Chile 63zs held their recent gains
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
WALL STREET BRIEFS


NEW YORK, July II HD.-The
status of the lumber industry for the
week ended July 10. based on reports
to the National Lumber Manufac-
turers' Association from 3S1 of the
larger soft wood and 142 Of the chief
hardwood mills OF the country, shows
apparent decreases in production,
shipments and new business, COM
pared with the previous week. This
is attributed to the Fourth OF July
holiday, and suspension OF many
mills for repairs. In the same period
last year, when fewer mills reported.
n slight increase in production, and
nominal decreases in shipments and
new business were noted.
Earnings of Fairbanks, Morse &
Co. for the half year are estimated
at $3.50 a share on the common after
preferred dividends. compared with
$2.74 share actually earned in the
first half Of 1925. A better second
half Of the year than a year ago Is
said to be assured by business on
hand.
Sales of Southern Diaries, Inc, for
the half year rose to $5,263, 126, from
ss,6s9.9s3 for the first half of 1925.
Gillette Safety Razor earned $500
a share in the first half of 1925.
AGAINST $2.S6 share in the first half
of 1925. Net income rose to $685.
STA from $5,7S7.47s.
General Railway Signal has re-
ceived orders from the Southern.
Railway for installation Of block Sig
mails between Atlanta and Macon, COW
ering so miles OF track, and from the
New Orleans & North Eastern for
"a miles, between Meridian and Ellis.
vile, Miss. and Eastabouchte ana
Hattiesburg, Miss.
Erection of four factory buildings
In Milwaukee is reported to be under
+. consideration by the PITTSBURGH
Plate Glass Co.
Revenues of the Atlantic Coast
Line Railroad continue to show inn
provement, says J.. r. Kenly, presi-
dent the freight movement in Juno
being 10 per cent ahead of June last
year. The large movement or road
and building material Is being main
tanned, with Florida probably lead.
ing the other Southern States.
Profit of Trumbull Steel for the
f,rst half of 1926 was $522,602 after
ali CHARGES. but before Federal taxes.
equal after preferred dividends to %
cents a share on the common. against
S553,520 or 66 cents a share In the
preceding quarter.
Bethlehem Steel Corporation has an
order for $4,000 tons of rails from the
Lehigh Valley Railroad. Delivery
will begin in October. The Great
Northern has ordered 10000 tons OF
rails from Illinois Steel, subsidiary OF
United States Steel.
June gross earnings of the Pullman
Co. are expected to show new record
for that month, owing to the extra
demand by the railroads for Ave
major passenger movements during
the month requiring 2,140 extra cars.
Regular Pullman lines on all roads
also were taxed to capacity to meet
the demand for space.
Total sales Of Ward Baking Co. for
the six months ended July 8, were
$22, 465 500 against $21,522,200 in the
first half OF 1925. Sales in the five
weeks ending the same date gained
$S3s.617 over the Same period last
year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
sTRIKE 70 END SOON.

HUDSON. Mass, July II CF1.-The
600 employees OF the Firestone-Apsley
Rubber Co. who have been out OF
work As the result Of the strike BY the
$50 eaiter workers, viii return to work
next Wedensday. About 20 Of the
striIxine CATER workers at q meeting
100 nirht voted unanimously to ac-
cent tie cosnpany's terms Of 81 cents
an hour wages. Upon the action q
the caiter workers rested the final set.
Element Of the strike.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
WOOL MOVES FREER.

BOSTON, July IL Special. The
raw wool market closed the week with
somewhat freer movement of woods
Ut firmly maintained prices. Ohio de-
lanes are held at 43. Quarterbloods
are most active, with 43 the ruling
price for fieeces. Prices paid at the
Roswell sale this week are estimated
as being the equivalent of IS to loo
for choice French combing and 80 to
95 for average clips containing CLOTH
ing wool. clean, landed at Boston.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
FINAL SETTLEMENT.

SACRAMENTO, July 1.-THE
California Prune and Apricot Grow
ers. Association has just mailed
checks totaling $750,000 TO members
in final payment of their crops Of
1925. This was the earliest final
settlement on record and was &C.
companied by thu statement that the
association would have retired all
outstanding Indebtedness by the END
Of this contract year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
BANK Is OPTIMISTIC.

NEW YORK. July Al Js'l The
bank of America q optimistic ever
French financial afEairs. stating Al q
review 0f YS0lietary conditions that
France Is economically sound Imam.
ciaily. the people have not lost their
traditional habit IL thrift and = Stas
bilization of the national currency uli-
slonbfedly vii Be relieved ~ an ills
creane III savings which 81 turn VIII
relieve many % the financial Diff
niil el1 y m zi1 NlnllsS Ei1E
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
TRADING IN RIGHTS.

NEW YORK. July II R1.-Stock
Of International Cement Corporation
viii be quoted ex.rights on the New
York Stock Exchange on July 81.
Rights were admitted to trading on
a when issued basis today and must
be settled on August 5. They expire
August IL.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
RURRER DECLINES.

NEW YORK, July IL tspeciaT.--
Crude rubber, smoked ribbed sheets,
declined e at today's quotation OF
month ago and Iii q year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
Markets at a Glance

NEW YORK. stocks strong;
United States Steel and General Mo
tors at record highs. Bonds mixed;
International Mercantile Marine IS
break sharply. Foreign exchanges
firm: French and Belgian francs re-
cover. Cotton steady: firm Liverpool
cables. Sugar and coffee, holiday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
BANK CLEARINGs.

NEW YORK, July II. (SpeciaD -
New York bank clearings, 1895, 600.
600: New York. bank balances, $685.
O00, 600; New York Federal Reserve
Bank credits, $89.000.00O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
sHlPBUILDlNG GAINS.
Baltimore vessel Construction o.
Upward Trend, figures show.

- PWAIU I1eMu5 = p IL ISlIU ~
Special Dispatch to The Star.
Il BALTIMORE, July IA. Figures In
dlcafing that saipbuilding activity in
Baltimore Is on the increase have just
been made public by Charles III. Hoitz-
man, collector of customs.
These disclose that rs vessels Of q
sire to require Federal registration
were built here In the fiscal year 1925.
ending June 80, as against 81 In the
1923 fiscal year. Their value was
placed ct 81, 81, 800. as against 81, 2S6,-
500 the previous year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
EXTRA DIVIDEND

NEW YORK. July III NJ Buck
eve Pipe Line declared an extra divIs
deud 81 30 cents = share and the regus
Iar auaztexlx of 81 both payable
sspteElkeE q q ntcclk ok record AZ.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
TRADE WITH RUSSIA.
intensified Relation Between italy
and Soviet Arranged.

ROME, July II tp.-Intensifcation
Of trade relations between Italy and
Russia. has been arranged through
3 conferences here between Count
Volpi. Italian finance minister. ana
Ambassador Kerxenzeff, assisted BY
M. Dutusoff, Soviet trade delegate.
The Russians asked that Italian
hanks be more liberal in granting
credits and accepting as payment
drafts and bills Of exchange issued
nv the Soviet commissary for foreign
trade. Count volpi declared the large
banks would be instructed to fulfiH
the request.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17

CHICAGO. July Following Is
4 rennrt 81 today's sales, high. low
ana closing quotations at the Chicago
STOCK HF!wchatlgA.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
BUTTER UNCHANGED.

CHICAGO, July IL tFp. Butter un-
changed; receipts, 1917 tubs. Eggs
unchanged: receipts. 15,577 cases.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
nnsrnN STOCK MARKET.

BOSTON. July Following r. 9
list of foday's highest, lowest and
ciosfng prices for the most active
stocks dealt in here:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-17
~, sTIvER PRICE.
4 r,rrrr,ar.O GTnfK hFARKET.

rrEyr YORK July ii ~. Bar sill
yer, SAN; Mexican dollars. 49,. 6
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-27
PURDUE SUBMITS.
EXPANS|ONPLAN
Budget Proposes Expendi-
ture of 1868, $50.

An expansion program which will
cost 1868, $50 in addition to the reg
ular operating expense has been
asked for Purdue University in the
biennial budget for the institution,
filed with the State board Of ac-
counts by President Edward C. FL
lott. In addition to the $1,625, 0ea
appropriation asked for next year for
expenses and the $1,5OO,O00 requested
for the succeeding period, incomes of
$347 900 are expected during each of
those years, making a~total of nearly
$4,000, 900 available during the two
year period for normal expenses of
operation.
Outstanding proposals in the ex-
pansion program include a new
$500 900 gymnasium, two new dormi-
tories to cost about $250,000 each,
two units for the chemical engineer
ing department, 100000 each; two
new civil engineering units, 10000;
a new pharmacy building, $150,000;
library additions, $1S7 900; a $155,OO0
faculty allowance, an expenditure of
$479, 800 for the school of agricul-
ture; $4,000 for a heating and
power plant and 100000 for an adj
ministration building. Normal ex-
penses are separated from the ex-
pansion needs in the budget request.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-27
Kershner Tells Houu
to Meet the Queen

Answering the prevailing question
as to what sort of attire should be
worn in greeting Queen Marie of
Roumania when she visits Indian.
apolis Nov. II, Adjt, Gen. William
II. Kershner, head of the committee
of welcome, today urged the good,
old-fashioned Hoosier hospitality and
dress"
Kershner advised that Her High
ness be greeted as a plain American
citizen. Should we attempt to imi,
tate the manner and customs of a
European court, we probably would
only succeed in making ourselves ri
diculous in the eyes of the Queen,
who is an intelligent, courteous, SEN
sible lady, as well as Queen of Rou-
mania," he declared.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-27
i. OF P. MEETING
TO Be HELD HERE
Associated Clubs in Annual
Session Friday.

Prominent administrative Officers,
FACULTY members and alumni of the
University of Pennsylvania will as
semble here Friday in the annual
conference of Associated Pennsyl-
vania Clubs. Sessions will be held
at the indianapolis Athletic Club.
For the accommodation of those at
the conference, special train will
be run from here Saturday to Cham
paign, ILL.,, for the Pennsylvania I'LL
nois football game.
Samuel r. Harrell of Indianapolis.
member of the university's welfare
committee, heads the local commit.
tee on arrangements. Other local
men on the arrangements committee
are: Charles S. Weiss, president Of
indianapolis alumni and member of
the welfare committee; c. Willis
Adams, member of the committee on
relations with secondary schools;
Robert F. Daggett; Bowman Elder
member of the committee on work
of constituent clubs; Robert C. Win
slow, Irving NJ. Fauvre, Howard M.
Gay, Conrad r. Ruckelshaus, Robert
e. Stafford and DR.. Arthur NJ. Men
denhall.
DR.. Robert Judson Alley, president
of Butler University, is a member
of the committee on nominations.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-27

How TO make lea
Be sure you use India
Tea or a blend contain
ing India Tea and make
it in the correct way-as
it is served in England.
Use an earthenware
teapot. Put into it one
teaspoonful of India Tea
for each cup Of tea re-
CURED. Be sure the,
water is poured into the
teapot the moment it
boils. Allow to stand
for 5 minutes to infuse.
Put a.little milk or cream
into each cup before
serving the tea. ltgreatly
improves the favour.
Then add sugar to taste.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-10-27

man auto bodies, are under way to-
day and are expected to be COM
pleted Friday.
Attorneys of the Fletcher-Ameri-
can National Bank are preparing the
lease. The bank is trustee for the
bondholders who own the plant and
equipment.
B. w. Twyname. former official OF
the Nash Motor Company, arranged
the lease for the body company.
Frederick Moskovics,> president of
the Stutz Motor Car Company OF
America, is interested in the loca-
ton of the plant here. While abroad
several weeks ago. Moskovics talked
with officials of the English com
pauy regarding establishment OF an
American plant in this city.