davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
STEEL LEADS STOCK
VALUES UPWARD
Rail Price Averages Set New
Tops-BeIgian and French
Francs Drop.
By the Associated Press.

NEW YORK. July 3.-A progressive
but orderly upward movement In stock
prices took place this week under the
leadership of United States Steel COM
mon, which scared to a new high rec
ord for all time, at 14412, approx
mately s points above the best price
previously attained and 81 points
above the low level reached on the
Spring reaction.
Other outstanding financial develop.
mentS of the week were the successive
establishment of new high records by
the railroad price averages on each
day OF the week and the collapse of
French and Belgian francs TO the low
est levels in history, slightly above
$50 cents. Selling of these culrencles
reflected growing distrust over the
ability of these governments TO
stabilize their finances.
Buying In L. S. Steel.
The remarkable buying movement
in United States Steel. which was ex-
tended to the other steel shares as
we'll, was based partly on revised esti-
mates of larger second-quarter earn
ings and partly on prospects of more
liberal return to stockholders either
through a distribution of surplus. an
Increased dividend or split-up of
shares, indicative of the industry s
prosperity. was the announcement
that the steel output in the fist halr
of the year had broken all records for
this period and that operations showed
no signs of immediate slackenlng.
Bethlehem. Republic. Sloss-Sheffield.
Gulf States, Youngstown, Inland and
United Alloy issues all recorded I'M
y,rnvon,onf during tho week,
Interest in the rail shares was
quickened by the outline OF an amend
ed Nickel Plate merger plan which
the Van SWeringenS are preparing 10
lay before the Interstate Commerce
Commission as soon as directors OF all
the constituent roads have signif1ed
their approval. Action was taken
by the Erie directors last week but
their decision was not made public
Virtually all the Van Sweringeh
stocks. including the Nickel Plate,
Chesapeake and Ohio, Erie and Pere
Marquette issues, reached the high
est levels of the year in response to
reports of more: favorable terms for
most Of the stockholders. a steady
demand was noted for Union Pacific.
and other investment rail issues.
General Motors Leader.
General Motors shared for a time
the leadership of the market with
United States Steel, crossing 149. to
the highest level of the year. but the
motor group as whole displayed
only moderate strength. Allied Chem
ical, Texas Gulf Sulphur and United
States Cast Iron Pipe were among
the best ground gamers of the week.
Only a temporary money stringency
was experienced in the face of a
record breaking distribution of divi-
dend and interest payment exceeding
$500, O00,O 900 around the first of the
month Call money at one time rose
to per cent. but the rate was later
reduced to Az.
Grain and other commodity markets
were generally firmer. although a
sharp break of $3.50 to 81 a bale in
cotton prices followed the publication
of the first government crop report
of the season. Part of this loss was
recovered before the market closed
for the week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
j. S. REPORT Willis
VALUE OF COTTON
Yield Above That Estimated
in Private AdviCeS Is
Indicated.
By the Associated Press.

NEW YORK. July 3.-The feature
of the cotton market during the past
week was the publication of the first
government crop report of the season
Yesterday. AS usual this official state.
ment as to end June crop prospects
was preceded by a number of private
reports. and trading was pretty much
confined to the evening-up OF old COM
mitments after the first of these re
ports made their appearance.
AS a result fluctuations were rather
nervous and irregular. Rallies on COW
ering by people who had sold on the
declines earlier in the month were
held in check by the continued favor
able character Of the daily weather
and crop advices, and the market
broke rather sharply after the publ
cation of the government crop figures
The private reports on the average
had pointed to a condition of about
1872 and acreage of about 47,334, 200
and a crop indication in the neighbor'
hood of 1906 900 bales.
= The government report placed the
condition at 1874, or slightly below the
average of the private figures. but esti
mated the acreage under cultivation
as of June %. at 4s,S9S,000 acres
which naturally pulled up the crop
indication.
The latter pointed to a yield Of 49,
635 900 bales or about 100000 bales
above the average Of the private re-
ports, and evidently inspired consider
able selling All the new crop months
made new low records for the season
shortly after the report was published
and while the decline was checked by
covering for over the three-day ad
iournment, the market was nervous
and unsettled at the close of the week
There have been further complaints
of insect activities and reports that
while rains had favored growth, the
plant was not putting on much fruit
in some sections, but the most gen
erally expressed opinion was that the
crop had made fair progress since the
date of the government report. July
and August, however, are regarded as
the critical months in the develop
ment of the plant and it is during
these months that deterioration is con
sidered most likely.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
WALL STREET BRIEFS

NEW YORK. July 3 P).-Independ-
ence day is being observed in the
financial district for a. three-day pc
riod beginning today. The New York
Stock Exchange, the curb market the
cotton exchange and commodity mar
kets will be closed until Tuesday. The
hanks are open for the usual hair
dav today, and dealings in foreign
exchange are being carried on as
usual.
Earnings Of steel companies gen
orally for the second Quarter are eX-
nected TO exceed earlier estimates,
MANY producers having maintained a
higher rate than was anticipated
United States Steel probably will show
a net of between $47.000.000 and $4S.-
600 900. or more than 81 a share, on
the common. against $45,061.2S5. or
sass share, in the first quarter
bethlehem Steel's net for the common
is now placed above $3.50 share.
against $2.32 a share in the first quar-
ter and S1.31 in the second quarter
last year. Republic Iron and steel
is likely to approach its f1rst-quarter
earnings Of $2.94 a share on Its junior
stock, and Youngstown Sheet ana
Tube probably will show better than
90
the first quarter.
June sales Of Sears Roebuck &C
count advanced to $1S,274.S95 from
6,O59.102 in June last year, making
the total for the half year $126.621 .S23,
compared with $11S,242,460 in the first
half Of 1925.
Protress for reorganization plan
for the Chicago and Alton Railroad
Co, now in receivership. has been
temporarily halted by the absence
from New York Of representatives OF
groups Of security holders and the re-
ported inability Of others to reach sat
isfactory terms. Informal confer
ences on a possible plan probably Will
he held in a few weeks. but nothing
definite Is expected before September:
The roads earnings have improved
since February.
The report Of Standard Gas & Elec-
trio and subsidiaries for the year end
ed May 81 shows gross earnings of
s143,426,955, against $132,9S1 ,401 in
the preceding IL months. Net after
taxes but before depreciation was
$50, 427,6ls, against $52,724,796.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
DECREASES SHOWN
IN BANK DEPOSITS
Losses Not Serious and Have
Been Practically Recovered
on July Payments.
BY EDWARD c. STONE.

Controller Macintosh sprung Sat
urday surprise by asking for the con-
dition of all District of Columbia
banks as of June 80. Reports OBJ
tanned in the very brief time show
that nearly all the local banks had
decreases, mostly of minor nature,
in comparison with the deposit fig
ures of the last previous call.
Many of the small decreases in the
deposit item are unquestionably due
to the fact that returns on personal
and intangible property must be MADE
as of July /, and made to the col
lector of taxes before the end of the
month.
The tax on money is one-half of l
per cent, and is applicable to all cash
in pocket or in bank. with the eXcep-
ton of a $500 exemption on cash in
savings banks.
Some of our good people have prob
ably opened savings accounts IN the
last day or two and will return the
funds to usual places If deposit with
in a few days.
Bank deposits have already gained
very largely during the month
through this source, and also from
the deposit of probably million of
dividend and interest disbursements.
Bank Deposits as of June 30.
Following are the deposit figures
from as many Washington banks as
could be obtained before going to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
BIGGEST CLEARINGS.

BALTIMORE, July 3 (SpeciaD.-
Clearings of s4s ,O56,031. reported by
the Baltimore Clearing House Asso-
citation yesterday, were the largest for
a single day since the clearing house
was established. exceeding the $31 ,22S,-
391 for the corresponding day in 1925
by $17,S27,640. Payment to the city
of Baltimore of more than $4,000. 900
for the bonds and registered stock sold
to bankers was the most important
factor contributing to the record clear
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
BIG ORE CARGO.

BALTIMORE, July 3 (SpeciaD.-
CARRYING a record cargo of $4,000 tons
of ore from Chile. the steamer Ameri-
kaland is locked at the Bethlehem
Steel Works, at Sparrows Point. With
this great cargo the big ship nego-
tiated the whole length of the bay
and the Baltimore channels, drawing
"a feet II inches. It was the record
for any vessel coming to this port.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
CHANGES IN PERSONNEL

NEW YORK. July R.-Amer-
lean Linseed Co. has consolidated the
duties of certain executives and
created the new Office of executive
vice president, which was given to
Arthur Roeder, formerly president of
the United States Radium Co. The
changes were necessitated by prog
ress in the development of new
markets and in merchandising thS
company's products. as well as the
Increasing activities i'm which the
company is engaged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
EARNINGS INCREASE.

BALTIMORE, July (SpeciaD.-
Earnings Of the Merchants and Min
ers' Transportation Co., which early
in the year compared unfavorably with
1925, are picking up in an encouraging
manner. Although figures for the
first half of the year are not available.
It is understood that the company in
this period earned the dividend of
$3.50 a share on it's no-par-value COM
mon stock for the entire year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
FOREIGN EXCHANGE.

NEW YORK, July R.-Foreign
exchanges firm. Quotations lin cents):
Great Britain, demand. 1856; cables,
4S61b; 50-day bills on banks, 49, u &.
France. demand. 2.69; cables. 30
Italy, demand, $50; cables, 3.51.
Demand-Belgium, 2.64; Germany,
$3.50; Holland, 40.1S; Norway, 2l.94'
Sweden, 26.79: Denmark, 1851; swift
erland. 1895: Spain. 1888: Greece. l'2S;
Poland, 800; Czechoslovakia, Z:9o;
Jugoslavia, 1.77k: Austria, i4.azh
Rumania. .4SK; Argentina, 40.371a
RraZil. 15.s1A; Toxic, 46.s7h; Shang,
hal. 1880; Montreal. 100.125.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
Baker Gives Years
Pay to Employees
OF New York Bank
BY the Associated Press.

ny inc Associated lresS.
NEW YORK. July "a years
salary to virtually every employee
of the first National Bank was the
gift of George +. Baker as he
sailed for Europe. This followed
reported gifts of the same kind the
first of the year.
The gifts We're made uncondi.
tionally to each employee up to the
rank of assistant cashier, in the
banks service two years or more,
and were accompanied by per-
sonal note to each, signed "Affec-
tionatly, George +. Baker"
The presentations were not made,
however. until after Mr.. Bakers
ship had left, this modesty being
a characteristic Of the Father of
Wall Street." who has given up
ward of SIS 900, 900 to charity.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
RANK CLEARINGS GAIN.

NEW YORK, July 3 @.-Total
hank clearings at 1875 cities for the
calendar month of June, as reported
to Bradstreet's, aggregated $43,129,'
$4,000, a gain of 81 per cent over
May, but only IL per cent over June
last year. New York City bank clear.
ings in June were $24,194 1888, 600, a
gain of "a per cent over May, but only
seven-tenths of per cent over June,
1929
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
POTATO TRADING SLOW.

CHICAGO July P.-Potatoes-
Receipts. So cars; total United states es
shipments, 1,O41 cars; on track. 81
cars; trading very slow; market
weak. North Carolina barrels Irish
cobblers, 5.25a5.40; ordinary stock.
500: Oklahoma sacked cobblers, 2.1o
ALSO: ordinary stock, 2.4O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
FAILURES FEWER.

NEW YORK, July R.-Com.
mercial failures in the United States
this week decreased to 37S from 400
last week and compared with 81 a
year ago. r. G. Dun & Co. reports
OF the current weeks defaults. 203
involved liabilities of more than
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
Your Banker, Knows.

When in doubt about security
consult your banker. 1t is equally as
much his interest as your to protect
your savings. You trust him with
your deposits-why not trust him
with your investment problemsY
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
PUBLIC INTEREST STILL TAGGING
in NEW YORK STOCK EXCHANGE
Prices Are Working Higher and Shortly Outsiders
Will Follow the Lure of Rising Values-Bonds
and Commodities Dull-Francs Break

plight as the French franc. 1t has
been smashing all low records and
still there is not the slightest sign of
support Belgium is afraid of it's ex-
ira tax question and it is not able to
obtain new credits from abroad. Con-
sequently it has not sufficient re-
sources to check the decline in the
franc.
AS a. matter of practical economics,
as distinguished from mere theory. 1t
is still open to doubt whether big
crops after a period of low prices are
a good thing or not. The mercantile
reviews make the point that large
harvests will involve IL continued
heavy volume of freight traffic for
the railroads. They do not qualify this
by any statement that where Il COM
modify like cotton is very low, and
where the indications as afforded by
the latest bureau reports hold out no
hope for Improvement, the buying
power of the cotton growers cannot be
large. Therefore, against the prospec-
tive big money in agricultural freight
must be set the possibility of reduced
money in the articles of merchandise
which the cotton farmers buy.
Steel Business Surprisingly Good.
Another week has gone by without
any signs of a picking up in wholesale
commodity prices. According to Duns
Review, out of the list of quotations
collected by it there were 80 declines
against "a advances. These low price
levels remain a weak feature in the
situation.
The best development of the week
has been the reports of larger BUSH
ness in iron and steel at a time when
ordinarily the industry approaches its
dullest period. These reports have
been duly reflected in the steel stocks.
with United States Steel common max
ing a new high record for all time, and
with almost all of the independent
steels distinctly better than they have
been. AT the same time, it is quite
we'll realized that the main reason for
the rise in United States Steel is not
trade reason, but simply an express
sion of popular confidence that be-
fore long there will be some division
of treasury assets.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
Cotton Hoppers''
Cause Uneasiness
In Southern Belt

ATLANTA, Ga, July 3.-The
Texas flea or cotton hopper is
causing general uneasiness over
the State" says Il statement issued
by the Georgia Cooperative Crop
Reporting Service. The report
said this year 1T seems that most
of the cotton fields in the Pied
mont area are infested, resulting
in the loss of practically all
squares as fast as they are
formed"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
RAR. SILVER PRICE.

NEW YORK. July 3 @.-Bar sill
YER. 65%; Mexican dollars, SOS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-03
Tomato Market Steady.

Tomatoes-Supplies liberal, demand
moderate, market steady; Mississippi,
As, ripes and turning, wrapped, 75a90;
fair condition. some leaky, 50a60.
South Carolina, Is, ripes and turning,
wrapped, fancy count, 1.15a1.75; choice
count, 1.25a1.40.
Watermelons-Supp moderate;
demand moderate, market steady;
Florida and Georgia, Tom Watsons.
1928 lbs, average. 60a65; 1892 lbs,
average mostly around rs, few higher.
Cucumbers-Supplies liberal; de.
mand slow, market weak: Virginia,
Norfolk section, hotbed stock, r.
bushel hampers, fancy, 1.50a2.00.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1926-01-07

Esther, Alvin and Roy Ander.
son and Orville Carroll spent Sun,
day evening at John M. Ander.
sons.
Mr.. and Mrs. Aron Magnuson
and Mrs. SEVERN Olson were en-,
tertained at August Larson's Sa-
turday. i
Signe Swenson and Anders
Anderson of Little Falls, are
spending the week at their
homes here.
Selma Anderson of Superior,
and John johnson Of Duluth,
were visitors at the formers
home over Christmas.
We learn of the death of Mrs.
Solomon Wanstrom which oc-
Cured at the ST. Mary's hospital
in Duluth, on> the 23d. Death
was due to dropsy and other
complications. The funeral was
held from the First Lutheran
Church at Winthrop, of which
the deceased was member.
Mrs. Wanstrom was an aunt of
John Swenson.>
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1926-01-07

friends in the cafes and bazaars.
Such chef is Haroutoun Gedojian,
sometime chef to the family royal Of
the khedive of Egypt. now the owner
of bizarre gold coast restaurant in
Chicago. In his forty-three years as a
chef extraordinaire, Haroutoun's word
has been law in the cuisines of three
Egyptian princes and one princess,
the mother of the khedive. When
Lord Kitchener was sirdar of Egypt,
before the trouble in the Soudan,
Haroutoun cooked for him.
One of Kitchener's favorite dishes,
according to Haroutoun, was schisch-
kabb, a dish made from milk-fed baby
lamb. Prince Jamiel, another of his
masters, was particularly fond OF
dried cream and honey, preparation
which is one of Haroutoun's zealously
guarded secrets. Prince Saad Pasha
was keen admirer of confection
Haroutoun makes entirely out of
-four, butter and nuts.
In many of his admirable dishes,
Haroutoun uses evaporated milk,
which is simply fresh cows milk
sterilized in cans and with sixty per
cent of the water removed. Because
of a homogenizing process through
which evaporated milk is put. the
fat globules in the milk are broken
up into microscopic particles and dis
tributed throughout the milk. where
they remain in homogeneous suspen-
sion.
This breaking of the fat globules
gives distinct buttery flavor to every
drop Of the evaporated product. a
flavor which ordinary market milk
does not have. Haroutoun says he
uses evaporated milk In preference to
market milk In the preparation Of all
sorts Of baked dishes. as well as In
cooking
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1926-01-07
(Too late for last weekly

Alfred Swenson of Duluth, is
spending a few days at home.
The S. C.. Johnson Children
were Moose Lake visitors Satur-
day.
Agnes and Harry Anderson of
DULUTH, spent Christmas day at
home.
Clarence and Victor johnson
called at Bob McCusky's Sunday
evening.
Daniel Luebke of North
Branch, is visiting at Emil
Koecher's.
Miss Mabel Nelson visited at
Mrs. Chas. Anderson's the first
part of the week.
Mrs. G. I. Swenson and children
were entertained at dinner at S.
C. Johnson's Sunday.
Miss Rosalia Heller Of Mime
apolis, spent the first part of the
week with her folks.
Sylvester Gockowski of Mime
apolis, was a pleasant caller. at
John Swenson's Saturday and
Sunday.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1926-01-07
TOWN -eF PARTRIDGE

TOWN of PARTRIDGE
lSupervisors-Ad Adolf Jensen. ]. r. Peter
sen. d. j. Adolphsen.
{ Address: Route !. Asiiov.. MINI: /.
Justices Of the Peace.Ejnar J sessra
MAIDS Jorgensen.
Constables-John Krantz. Jens Abra-
hansen.
TOWN OF PINE CITY
Observation-Disclosures Hudak. M. p.
Haug. 6. A. Robinson.
ierk Address: Pine city y M Ii Swanson
justice Of the Peace James m, Il Z. Y PIX
TOWN OF PINE LAKE
supervisors-Geo. Beck. ]. r. Hannu.
.Chas. Hellman.
: : Address: Fiiniayson. MINI.
Justices Of the Peace Henry Matson.
G. A. Bosch.
Constables. Albert Hannu. Matt Kari
TOWN OF POKEGAMA
observation-disclosures F. Tesch. Bernie
Hady. VIM. ODaniels.
Address: Route 5. Pine Sea City MINI Ra'A
Aieooui 81 FRANK Cnmellk
TOWN OF ROCK CREEK
neutrality-suspicious. Pepin, Frank A.
Peterson. Geo. Martinson.
:, Address: Rock Creek ;;;S; i MIMI hlnoereh
Justices Of the Peace. N Il. 4 Ha mse1s
John A. Erickson.
Constables. John Nelson. Harry Mills
TOWN OF ROYALTON
Supervisors-AdoIph Saumer, John
Thunberg. A. ]. Weiss.
Address: Route i. Brahan1. Mimi s''S
Treasurer. ..............J. Emil Larson
TOWN OF SANDSTONE
U
Eitens. Frank Rasmussen.
Address: Sandstone. MINI.
treasurer. -. G. Hansen
Justice OF the Peace. John Jungers
constable. John E1tenS
TOWN OF STURGEON LAKE
Observation-Disclosures A. Upgren. r. A.
Bissonnette. James Zalesky.
Address: Sturgeon Lake, NH Mimi ns
TOWN OF WILMA
Grace. Harry Gebhardt.
Address: Duxbury, MINI.
Treasurer Albert M. Anderson
Justices Of the Peace-H. o. Hanstad.
r. E. Britton.
son. -.-
TOWN OF WINDEMERE
Supervisors-John Storm. ST.. Carl F.
Dahlin, John w. Anderson.
{ Address: Moose Lake. Mimi
Justices Of the .Peace-Merle Street.
Constables-Victor Anderson. Chas. Dab