davidaulloa/AmericanStories huggingface dataset:
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1926-11-04
Leavitt Wins Reelection
Good Roads, Adopted
State And County Republican Tickets Go Over
Strong-Evans Reelected In West End-Pro1
hibition Laws Repealed d-5-Mill School Levy Del
feated-Roosevet Goes Dry And For Measure 81
-Harbo, Ryder, Curran Given Good Majoritiesj

Complete returns from thi4
county are impossible to obtain
before the Official canvass nex|
week as some election official4
do not follow instructions. Below
are the unofficial totals for 81 o1
the 81 precincts:
Representative in Congress, Sec|
ond Congressional District
Scott Leavitt, 1104.
Harry B. Mitchell, 603.
Clair Stoner, 100.
]. NJ. Kruse, l.
Justice of The Suprem{
Court
Albert j. Galen, 773.
VIM. L. Holloway, 931.
C. E. Conner, 655.
Henry L. Myers, 468.
S. E. Paul, 1877.
James L. Wallace, 7.
Railroad and Public Service Conn
missioner
Lee Dennis, 1927.
Thomas E. Carey, 447.
Herman Luehmann, 5.
State Representatives
Lucy A. Curran, S37.
Arthur Ryder, 915.
o. J. Hagen, $40.
Theo. P. Danielson, 596.
w. c. Adams, 144.
Joseph Wix, 131.
County Commissioner
Andrew Harbo, 997.
David S. Nelson, 844.
Nels So1'bel, 40.
Clerk and Recorder
w. J. Hardie, 1882.
Alloys F. Ramps, $50.
Treasurer
Neil McFarlan, 1882.
Walter Won Eschen, 356.
Sheriff
J. Fl. Anderson. 1922.
L. F. Schow, 596.
w. Fl. Coats, 60.
County Attorney
Hugh N. Marion, 1859.
Assessor
L. NJ Clayton, 1887.
w. J. Kearney, 429.
surveyor
E. E. Carey, 1915.
Superintendent of Schools
Margaret N. Inglehsrt, 1888.
Coroner
Art Gustafson, 1883.
Public Administrator
Calvin L. Rogers, 1859.
istice of the Peace (two) Wolf
Point Township
Gordon, Geringer elected.
,ferendum Measure No. 29-5-
Mill School Levy
Yes, 784.
No, S71.
itiative Measure No. 3O-Pro-
hibition Repeal
Yes, IT'S.
No, 1000.
itiative Measure No. 31-Good
Roads
Yes, 995.
No, S32.
Amendment-HaiT
Insurance
Yes, 674.
No, 739.
Ten Mil Special Road Levy
Yes, 522.
No, 1146.
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1926-11-04
income co. RESULTS
NEARLY COMPLETE
Represe entative

Representative
Martin, 430; Rorvik, $50.
Commissioner
Rhoads, 694; Bawden, 376.
Sheriff
Davis, 665; Pardis, 800.
Treasurer
Vejtasa, $40; Vaughn, 100.
Attorney
Hoover, 900; Hamman, ASS.
Superintendent
Olson, COS; Bauer, 462.
Prohibition repeal, Good Road
md the 57mill State levy all lost
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1926-11-04

c. w Hamblin intends to move
his electric shop into the building
next east of his present location
as soon as the building has been
made ready.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
TEXAS BANKERS MOVE
TO SAVE COTTON men
Seek to Forestall Further Drops in
Price by Retiring 100000
Bales From Market.
By the Associated Press.

Ry the ASSOClaJeO TIcoe'
DALLAS. Tex, September 25.-1n
an effort to forestall further de-
creases in the price of cotton 100
bankers meeting here yesterday
agreed on plans for raising $780,
600 600 fund to retire 100000 bales
If Texas cotton from the market. 1t
was decided to use the fund for loan
ing $50 a bale at per cent interest,
SO that the holders would not De
forced to dispose Of the cotton on a
falling market.
The meeting was called by the
Dallas Clearing House Association,
and plafls adopted call for raising the
fund through the clearing house as
sociations in the larger cities OF the
State.
Efforts will be made, it was an
nounced, to have bankers OF Okla
homa, Arkansas and other states
adopt a similar plan In an eHort 10
retire an additional 100000 OF the
present years crop.
Texas bankers also Will be called on
to convert some or tneir present
loans on cotton into new loans on
the staple actually insured ana ware
housed. ~
The bankers agreed to urge a %
ner cent reduction in the Texas cot
ton acreage in 1927, designed to pre-
vent flooding the market of that year
with any 1926 surplus.
The Government crop report fore
casting a surprisingly big yield. with
an increase Of $4,000 bales in the
expected total since September l, was
a big blow to cotton growers, the
New Orleans market breaking 81
bale, The october option sold down
to 14.31 cents a pound. the first time
cotton had gone below 1850 since
January, 1922.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
Baltimore Markets

BALTIMORE, September rs (Spe-
barrel, 1.25a4.2o; loo
pounds. 1.O0a275; sweet potatoes, par
rel, 1.25a3.00; yams, barrel, 1.Ooa2'oo'
beans. bushel, 1.15a1.25: beets, 100,
2.oOas. 90; cabbage. 100, 3.ooa5.oo; car
rots. 100, 3.ooa5. 90; celery, crate, 1.50a
20. corn. dozen, 15a25; cucumbers,
basket. 75a1.75; eggplants. basket. 5Oa
*. lettuce. box, 1.50a2.00; lima beans,
h,,shel. 3.5Oa4 90; onions, 100 pounds.
o5a20O peppers, basket, 35a4O;
SQUASH. basket, ISAAC: spinach, bushel,
50a60: savoy cabbage. bushel, 5Oa60;
tomatoes. basket, 35a50; packing stock,
bushel, 1.00a1.05.
Apples, barrel, 2.00a5.00; bushel. 90
also; cantaioupes, basket, zoaIo'
crate. LOCAL .25; honeydews, 1.0Oa1.5O;
reaches. bushel 1.00a2.0O; pears,
bushel. 1.5Oa2.OO; hamper. 2oa1.oO;
watermelons, 100, 5.0Oa30.00.
Dairy Products.
Live poultry - Spring chickens:
Mound. 26a28; Leghorns, 23a25; old
hens. 2Oa29; Leghorns, 1Sa2O; old
ROSTERS. 1Sa2O; ducks, 24a26; small
and poor, 18a20; pigeons, pair, 2Oa3o;
Guinea fowl, each, 40a75.
Eggs-Receipts. 1.036 cases; native
and nearby current receipts offered
" Rutter-Good to fancy creamery,
Mound. 42a47; prints, 47a49; blocks,
46a4S; ladies', 32a33;, rolls, 28a32; store
hacked. 27a2S; packed. 27a28; dairy
nrints. 2Sa32; process butter, 36a37.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

BOSTON, September 25.-The
United Fruit Co., the largest farmer
in the world, has announced plan by
which employees may participate in
stock ownership of the company
Those who have been with the con-
Germ will be given opportunity to pur-
chase stock up to the amount of a
full years salary at So as against
present market price of about lit.
PORTLAND. Ore.-Fully Is car
loads Of Christmas trees have already
been sold in this section to go to
California and the Atlantic Coast
Many carload orders are pending,
with demand double that Of former
years.
PITTSBURGH.-The Upper Union
Mills of the Carnegie Steel Co. In the
Pittsburgh district are being dis
mantled. The plant was one Of the
oldest in the Lawrenceville- district.
Many of the other old plants also
have been strapped.
FORT WORTH.-No bids have yet
been accepted on unshorn Fall wool
in Texas. Contracting last year start
ed at 40 cents a pound, rose to 41h
and then tumbled.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
BY EDWARD C. STONE.

Purchase of three large motion pic
ture houses and sites on which two
more will be constructed has just been
consummated by the Stanley-Crandall
Co. of Washington, Harry M. Crandall
announced today, and it Is expected
that new financing to cover this ex
pansion will involve the issuing in the
near future of 100000 in bonds.
While no statement was made as tc
the price paid, it was stated that the
properties are appraised at substan
TALLY over $7,000,000. The Stanley
Crandall Co. is a subsidiary of the
Stanley Co. of America, which Is one
of the largest exhibitors of motion
pictures in this country. New prop
critics acquired by the Stanley Gran
dali Co., a Delaware corporation, are
the Boulevard Theater in Baltimore
the Chevy Chase Theater In Chevy
Chase, the Apollo Theater in Martins
burg, w. Va, and two sites. one IN
Baltimore and one in Frederick, Md.
on which modern theaters Will pres
emily be constructed.
In connection with the purchase II
is understood that a new issue OF stan
ley Crandall bonds will be sold pup
licly by banking interests which in the
past have been identified with the
growth Of the Stanley theatrical en-
terprises.
Bank Clearings Bit Lower.
Bank clearings for the week end
ing Thursday for the leading citles
in the country show slight declihe
over the same week last year, a lose
of O.5 per cent. Sixteen of the 70
reporting cities to Dun's Review hao
gains. but some of the southern
cities are among those having the
largest declines. Richmond reported
decline Of 1914 per cent, Baltimore
loss was IL, Atlanta was ~ per
cent behind last year and New Or
leans clearings were off IL per cent
New York's bank clearings were also
below the same week a year ago
but several outside cities had sucn
good gains that they kept the per-
centage of declines to the very low
figure mentioned.
Check payments in the third week
of SEPTEMBER, indicative Of the gen
eral volume Of trade, although lower
than a year ago, were higher IMAM at
any time in almost two montns. ac-
cording to the weekly statement OF
the Department of Commerce. Inc
volume Of goods moving into con-
sumption, as seen from carloaoings
her continued to record an increase
over a year ago. New building con,
tracts awarded during the third
week of the month were on prac-
tically the same level as a year ago
The output of petroleum, although
lower than in the previous week, was
higher than during the correspond
ing period of 1925. The production
of bituminous coal and beehive coke
during the second week of the month
was also larger than year ago. put
the output of lumber showed a de-
cline from 1925.
Special National Bank Topics.
Bankers Relations With Clients
will be the first question discussed by
the national bank division at the A
Convention, w. w. Woodson, a
Waco, Tex, bank president, being the
speaker. bond Departments and In
yestments" will be the subject taken
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
SAFETY CABLE SHARES
ATTRACTING ATTENTION
Commands Interest on Activity
Since Florida Hurricane-Current
Earnings Reported High.

Special Dispatch to The Star.
NEW YORK, September %
Safety Gable, ordinarily an inactive
issue, has come in for considerable
attention since the Florida catas-
trophe, almost 5000 shares Of the
stock changing hands yesterday not
far from top prices for the year.
Buying continued around 81 today
where it was within one-half point
of its best price for 1926, established
few days ago. According to cur
rent gossip prominent local utility
interests have been active in the mar
ket for the stocks. Buying apparently
is based on expectations Of large re-
placement orders from Florida result
ing from storm damage to lines and
cables.
Estimates of current earnings run
as high as So share, compared with
the annual dividend rate of 81. Pay
ing 81 around present quotations the
stock was selling on basis to yield
over 40 per cent, which was con-
sidered attractive in the present
market.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
POLISH 8S SLUMP
IN BOND MARKET
Political Outlook Disturbing.
Other Foreign Issues Are
Not Affected. ,
BIZ GEORGE T. HUGHES.

opeCldl Dl1pAtCn 70 AuC Obols
NEW YORK, September 25.-Ths
feature of today's short session on the
bond market was the selling of Po-
land IS. The bonds were in supply
directly from the start, and gave way
a point and a half before encounter
ing support. Transactions were on a
large scale. The selling was general
ly attributed to dispatches from the
other side reporting friction with Po-
lands neighbors in the Baltic states
and to the decision Of the Polish cab
met to resign.
Other foreign bonds were not dis
turbed by the weakness in the Polish
issues. Prices were we'll maintained
throughout the list.
Prime domestic issues were stronger
than at any time before this week,
although activity was still restricted.
Special interest was taken In the
high-grade public utility bonds of
which Brooklyn Edison 5s are a type.
In railroad obligations Atchison Cen
eral As, Central Pacific 5s. Illinois
Central joint 5s, Nickel Plate Us.
and similar issues sold at the high
of the movement. San Antonio
Arkansas Pass IS guaranteed by the
Southern Pacific, were within frac-
ton of the years best price.
Speculative railroad bonds were ir
regular. st. Louis-San Francisco In
come 6s were in demand around 9f.
Denver & Rio Grande Western 5s on
which it was announced YESTERDAY
THAT interest would be deferred, sold
down half a point TO new low on
the movement, but later rallied.
Industrials also moved without uni
formity. Gould Coupler 6s. which
had such a spectacular advance late
In the preceding day, reacted. and so
did Warner Sugar Is after their re-
cent display of strength. On the
other hand CRANKY Mining IS We're
higher, and some of the bonds Of the
Cuban sugar producing companies.
In the Oil group Sinclair obliga-
tons were heavy again.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
EVERYMAN'S
INVESTMENTS
What Balance Sheet" Means.
BY GEORGE T. HUGHES.

Emphasis has been placed in the
preceding article on the fact that p
balance sheet presents a picture OF
the condition of a company on q Ger
tain date because this is one or the
features which differentiate the ball
ance sheet from the income account
Only by comparing balance sheet OF
one year with that of the preceding
wear can any idea be obtained OF the
changes which have occurred over the
interval Hence the value OF any
financial statement is enhanced when
II Is accompanied by the correspond
ing figures for the preceding year
The points to be looked for in com
paring balance sheets of one year with
another will be outlined later in this
series, but the distinction to make
here is that in general way the
events between the balance sheets are
left for the income statement to de-
pict.
Now let us look at a balance sheet
and see how 1t obtains it's name. Pre-
scented in tabular form it shows on the
left-hand side, under the heading "as-
SETS" all the corporations property.
cash in the bank, accounts receivable
and the value of finished products on
hand. On the right-hand side, under
the heading liabilities" appears every
thing that the company owes, i1Cluu
ing the funded debt, If any. that is to
say-the bonds which have been Issued
as obligations of the concern. whether
they are secured or unsecured; all az
counts payable and other claims
against the corporation. In other
words the assets are what the com
pany owns and the liabilities what
it owes. But in the balance sheet
the totals on both sides are always
the same That is why 1t is called
balance" sheet.
Obviously every solvent corporation
owns more than 1t owes. How, then
is the balance sheet made to balance?
The explanation is that under liabil
tiles are included not only the sums
the corporation owes to it's creditors.
but the amounts that the owners have
put into property expressed in the
value assigned to the stocks. and final
ly enough is added to this side Of the
account to make the total exactly
equal to the sum of the assets on the
other side. The amount added, gen
orally. is designated as the surplus"
If by any chance without any such
addition the liabilities are larger than
the assets the account Is made to bal
ance by adding to the assets a sum
large enough to equalize the two. and
this sum Is called the profit and loss
deficit. These practices will be ex-
planned more fully in later articles.
tCopyriEht. 1881
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
STANLEY CRANDALL co. BUYS
100000 TTIEATER PROPERTIES
Movie Houses in Chevy Chase, Baltimore
and Martinsburg, w. Va, and Two
Sites Are Included In Deal.

up by P. D. Houston of Nashville,
| Tenn, one Of the few Eastern bankers
on the program. An increasing num-
Der Of national banks are operating
bond departments through subsidiary
| companies, so that the subject is Of
timely interest to bankers everywhere
Passage Of the McFadden bill would
give banks much more latitude In
dealing in investment securities.
George o. Vass, cashier OF Riggs
| National Bank, the first Washington
| man to start for the convention, is the
local associations special delegate TO
the national bank sections meetings.
Tire Prices Again Reduced.
i A reduction in the prices OF tires TO
automobile manufacturers, ranging
from III to 10 per cent, was an
nounced yesterday by the Firestone
| Tire and Rubber Co. This action is
expected to be followed by similar
cuts by other manufacturers. This Is
| the third reduction on SO-called orlgl-
nal equipment" business since July.
According to opinion in the trade.
there was no immediate necessity Tor
this reduction, and Firestones action
is attributed to increasingly keen COM
petition in the industry.
| w. B. & A. Preferred Stock On.
A drop Of 7A points in Washington,
d, Baltimore and Annapolis preferred at
tracted attention on the Baltimore
Stock Exchange yesterday. Twenty
one shares changed hands at 10. COM
pared with 23A, when the last sale
was made. But the stock has been
inactive for several weeks and this In
part explained the sharpness OF the
drop.
When the stock was active and
strong a few months ago buying was
attributed to a desire Of certain. In
terests to obtain control. The break
| in the price, however, would Indicate
| that there is now less demand to sup
port the market for the stock.
The bonds remain firm at 81 with
out net change from the previous
sale.
| Bond Issue Reported Sold.
Dillon. Read & Co. announce that
the public Offering of $24,000,0OO 20
wear 6h per cent sinking fund gold
debentures Of the Siemens group or
| Germany has been fully subscribed.
! OF this issue, $4,000, 900 had been with
drawn for Offering in Europe and full
paid reichmark debentures equal 10
approximately $6,000,00O were belng
offered in Germany on substantially
similar terms. The bonds were priced
at 90 and accrued interest, to yield.
| exclusive Of warrants, over 500 per
cent.
| More Advertising Favored.
| The National Association of Insur-
| ance Agents, in session at Attantlc
| CITY. advocates more general use of
the newspaper as a means of adver-
| Using their business.
insurance is suffering from lack
of public understanding Of its func-
lions and service" declared a resolu-
tion adopted. THE association be-
lieyes that q national campaign of
newspaper advertising to inform the
public Of the work Of stock, fire and
casualty companies will be Of great
assistance to both companies and
agents. We believe 1t will aid In i'm
parting the work Of sound indemnity,
| thus protecting our citizens against
unsound insurance investment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
CORPORATION TAXES.
DETROIT. September Is (Spet

DETROIT, September Is (SpeciaD
-Michigan's corporation tax receipts
this year so far have exceeded S.
O25,475, which compared with $4.566..--
025 for the similar period of 1925. 1t
Is expected for the full year the gain
will be greater There are 1925
operating corporations in the State,
as compared with 10000 in 1921, when
the first corporation tax was levied.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
COTTON GOODS SLOW.

NEW YORK, September Is tSpe
ciaD.-Cotton goods markets were
slow today with prices easier. Print
cloths were quoted at 7ss for 64x60s
and 81 for 6Sx72s. declines Of an
eighth and fourth cent. respectively.
Raw silks held steady in quiet mar
ket.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
EXPANSION SLOWER.

NEW YORK, September Is N).-
EXPANSION of credits lately has been
a little slower than it was, and 1t re-
mains an open question whether real
credit imitation will develop, says
Moody's Investors Service. Should 1t
do so, it would most likely occur after
election rather than before.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
WOOL PRICES FIRM.

BOSTON, September Is (SpeciaD.-
Raw wool markets closed the week
with mills resisting the higher price
trend, but with dealers holding firm
and a fair amount of business being
done at the recently increased levels.
Cheaper grades of wool are being
marked up to bring them in line with
finer sorts.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
EARNINGS ARE LARGER.

NEW YORK, September Is P).-
Net earnings of the Philadelphia Co.
and affiliated corporations for the first
eight months this year were $13,457.-
236 before interest, against $11,9s5,-
42S a year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
BANK CLEARINGs.

NEW YORK. September 25 (SpeciaD.
New York bank clearings, 1888, 000,-
600; New York bank balances, $SS-
900 900; New York Federal Reserve
bank credits, $74,000,0 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
FORD DECLARES DIVIDEND.

NEW YORK, September rs P):-
Ford Motor Co. of Canada has de-
clared a dividend Of 10 per cent on
the common stock, payable OCTOBER III
tn holders of record October /. The
previous payment was 10 per cent, on
November Is, 1925.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
SURPLUS SHOWS GAIN.

NEW YORK, September rs E).-
August surplus of the New York. On
tario and Western. after charges. was
1852 .O45. against $685. in August
last year, and for the eight months
this year s83t. 81. against 1857 .431 in
the same period Of 1925.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
NET INCOME INCREASES.

NEW YORK, September 25 R).-
Net income of the Producers and Re
finers Corporation for the first half
of 1926 was $1,39S,350 before deple
ton, against $69s,O03 in the same
period last year
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
RUBBER UNCHANGED.

NEW YORK. September 25.-Crude
rubber. smoked ribbed sheets. was un-
changed at today's quotation of AN
This compares with 401a month ago
and SO q year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25
Markets at a Glance

NEW YORK, September 25 LR.-
Stocks, strong; General Motors and
United States Steel resume advance.
Bonds, easy; rail issues lower. For
eign exchanges, irregular; trading
quiet. Cotton. higher: fears frost
southwest. Sugar and coffee, holiday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-25

Week End Profit-Taking
Sales Appear in Last Half
Hour of Trading.
BY STUART p. WEST.

! Srecfal Dispatch to The Star.
/ NEW YORK, September 24.-De-
e:rite the fact that in many directions
he technical condition of the stock
market had been weakened by sharp
.,ward movements Friday, higher
prices were the rule throughout to-
lays two-hour session.
General Motors and United States
eel, common again assumed leader
nip and, above 100 and $50, respec-
lively. reached their highest prices
on the present upturn.
Motor shares generally followed
The lead of General Motors, but i'm
movement in most instances was
: lnited to within less than a point.
: he announcement that the Stude-
$,aker Co. had reduced prices from
800 to $205 on various models failed
% have an immediate influence upon
me market for motor stocks.
Studebalxer Is Higher.
Studebaker was bought at frac-
iionally higher prices and there was
IN urgent demand for Pierce Arrow
referred, which was exceptionally
trong, getting up more than points
thcn it crossed us.
Strength of General Motors nat
'irally had a sympathetic effect upon
he market for du Pont, which was
more than points higher. when it
crossed the 900 level. The covering
movement. which got under way in
hudson Motors on the preceding day,
'fecame ever more urgent at times
nd resulted in IL gain of more than a
'oint before the demand spent itself.
Among independents, Sloss- Sheffield
steel stood out strongly, changing
lands at the highest for the present
movement, where 1t was points
higher on the day. Bethlehem con-
iinued to be we'll taken above the SO
level, while Ci-ucihle Steel held firm
round IS.
Profit-Taking Sales.
AS the market went into the last
half hour, however. the usual week
End profit-taking sales made their ap-
pearance, and in some instances We're
heavy enough to more than offset the
carly improvement in this group and
IN some of the motors.
Such Industrial specialties as Com
mercial Solvents B, American Ice,
Texas Gulf Sulphur, old; May Depart
ment Stores, Coca-Cola. and r. j.
Reynolds Tobacco Is, which had been
in urgent demand on the previous
day, continued to be taken at advanc-
ing prices. and, in the case of the
frst-named issue, 8. gain of 5 points
carried it to, the best prices for the
year.
Equipment shares were slightly
higher, with American Car and Foun-
dry and American Locomotive in some
demand. Pullman was up more than
n point.