davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26
UPWARD MOVEMENT OF STOCKS
is HELD LARGELY PROFESSIONAL

capital is rather fighting shy of the
highest grade issues because they
have reached what are regarded as
prohibitive heights. But any new flo
tation, which comes out with a prom.
Use of a to So per cent return. with
ample support back OF II, il readily
taken up. In a. word. the investment
idea is that it is better to take the
very slight chance involved in
slightly lower grade issue than to go
into securities OF the highest rank.
French Situation Watched.
The working out of the French
financial situation is going to be one
of the most interesting episodes of
1926. After several vain Attempts NJ
BRAND has succeeded in forming a
ministry which includes NJ. Caillaux.
1t Is probably fair to say that no
other finance minister could have
been appointed who would have
gained the confidence of the interna-
tiOnal financial community more than
NJ. CaillauX He stands for govern
ment economies more than any other
French statesman. He has shown
himself more courageous. also. in the
matter of tax Increases Therefore, It
would inquest .Onably he said in bank
ing circles that this was a good move.
the trans.
FRENCH finances. more acute than
they have ever been, can only he
remedied by two methods, one the
cutting off Of government overhead
tho other the increase in taxation,
which no French government in re-
cent months has seemingly been
Nilling to face.
Initiation In France.
On the other hand. there is infa-
ton in France. At the present time
the paper note circulation is up
close to the maximum and is on the
increase II is not so much because
Of government borrowing, but rather
because the value of the money unit
in terms Of actual money has been
steadily going down This implies
more and more borrowing all the
| time to conduct ordinary CONNER
| cial operations. The same sort of
| thing occurred in Germany and can
only be avoided in France if there IL
some outside financial aid or If the
| French public Is willing to face in
creased tax schedules.
Cotton has been f1uctuating with
| in range which included prices that
| over the greater part Of the belt are
commonly believed to he below the
cost of production. The economic
law is that when any commodity
goes below production cost there
must he a curtailment of output stuff
| cient TO restore equilbriums. Theo-
rot!cally. this should have happened
| Two years ago in sugar. 1t should
| have happened Il year ago in cot
| ton. The fact that it has not done
SO is simply accounted for by the
| difficulty OF readily adjusting age
! long crops to suit a world situation
81 poor prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26
FOREIGN EXCHANGE.

NEW YORK, June 26 R)-F'oreign
exchanges steady: quotations Gn
cents): Great Britain. demand. 1861
cables 1861; G0-day bills on banks,
1872 7-l6. France, demand. 290s4
cables, 291A. Italy, demand, 1852;
cables, 1853.
Demand: Belgium, 2.S7ia: Ger
many, $3.50: Holland 40.14; Norway
2194: Sweden, 26,S3; Denmark, &c so;
Switzerland, 1895: Spain. 1914;
Greece, 1.24; Poland, 900 Czechoslo-
vakia. 200: JuEoslaVia. III; Austria.
.14l2l2; Roumania. .45; Argentina
4031A Brazil. $3.50; Toxic, 1881
Shanghai, 72.S7i2; Montreal, 100 ~
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26
BY STEWART r. WEST.

Special Dispatch Ia The star
NEW YORK, June 26.-The stock
market during the Inst week has
shown that il was not getting back
TO the form Of last Autumn. Some
good Judges thought that when prices
started forward in May, after two
months of severe decline, it implied
the beginning of another bull mar
ket" This expectation has not been
realized
The public IL still largely interested
I'm the Wall Street proceedings for
the reason that it paid high prices for
stocks seven and eight months ago
which it has been unable to get out Of
But it cannot be said that during the
last month and half there has been
much fresh outside buying The in.
spiration has come from professional
sources, and the professionals have
been working for higher prices simply
because they sense a change in the
position whereby stocks which had
been weakly held In January were
strongly held at the end of April
Moderate Profits in View.
These are technical considerations
yet they 20 further to explain what
has been happening in the market
than any occurrence on the outside
In some lines of business II certain
amount of quickening has occurred
during the last month. But as the
half year ends the picture is quite
different from that which was drawn
1T the start of January.
Tho year 1926 is evidently going to
he n year OF moderate profits but
nothing more. Figures on railroa q
car !oadings and on bank clearings
make if appear that the general dis.
tributive business is very large. But
what they do not show is that con.
sumption has so far overtaken pro
duction that buyers of goods are un.
easy, the way they were in 1923.
They are doing little more rur.
cha sing for the future than they were
! in April. bEt there is no rush and
! therefore commodity prices continue
: comparatively low. ON this subject
| Duu'S Review says ut the close of
the present week that IA of total
of 10 changes We're in a downward
! direction"
Textile Industry Low.
The principal depression prevails
| in the textile industry-in woolenS
and cottons-and then again in
leather. This more than balances
such slight Improvement as has oc
| Cured In the average OF steel prices
! No great era of trade prospe rity ha :
ever been built up on the basis of
low mercantile prices. In order for
| the present situation 20 have II big
| upward turn, the proof will be neceS
| sary that there Is n real deficiency IL
| the volume Of goods being purcha sed
and there is certainly no indication
| of any such thing now.
Money rates have remained about
| the same all week and inveStme nj
conditions are Unchanged. Inv estment
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26
OFFER FOR STOCK.

NEW YORK. June 26 (R).-An
agreement by the Commercial Credit
Co. to take over all preferred and
common stock of the Mortgage and
Acceptance Corporation offered to it
before the close of business July 10
stipulates that for every Z shares of
first preferred of the Mortgage and
Acceptance it will give two shares
of it's 6l2 per cent first preferred,
800 par, and shares of no-par com
mon.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26
POTATO MARKET STEADY.

CHICAGO. June % HN.--Potatoes-
Receipts, new. 81 cars; total United
States shipments, new. 945; old ca; on
track, new. 1888: old, 10. trading very
slow; market about steady; Wiscon-
sin. sacked round whites. 265a2 So;
Idaho, sacked russets, fair quality,
2.60a2.75. New stock weak Southern.
sacked Triumphs. 350a3.75; cobbers
3.25a350; California. sacked long
whites, 360a365; North Carolina, bar
rel Cobblers 6.25a6.4
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26
One Cause of Obesity.

Many theories have been advanced
for the cause of obesity. One of these,
the theory that fat people have low
cred basal metabolism. or less active
interchange of chemical substances
going on in their bodies, than normal
people. has now been proved untrue.
says the HyGeia Magazine. The next
theory considered was that of hered-
ity. Is there a tendency to accumu-
lation of fat in certain families? Stud
les have been made of this and of the
part played by the glands in obesity.
Unfortunately. there is not much
knowledge about these conditions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26
Biggest Ship Launched.
INCOME IS LARGER.

NEW YORK. June &c H9.-Net
operating income of the Northern
Pacific for May jumped to $l.155,3o4
compared with 695.S99 in May last
year. making the total for the five
months this year s5.76O,93s against
S4.O59.456 a year ago. May gross
increased about $4S6, 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26
Kansas CITY Star Bids DELAYED.

KANSAS CITY, Mo. June &c G4). -
Trustees of the William RoCkhill Mel
son estate have extended from June
80 TO July Q the period for submission
Of bids for the purchase of the kan
sas CITY Star. The postpOnement was
made at the request of one Of those
considering the purchase of the news.
paner
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26
GOES WITH CONGOLEUM.

NEW YORK. June &c GR-Albert
w. Hawkes.. executive vice president
and general manager of General
Chemical Co.. who has been associated
with that company for nearly 30
years, will become vice president and
general manager of Congoleum- Marin,
Inc, on August !.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26
Your Banker, Knows.

When in doubt about a 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 problemsf
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26
AVERAGE OF RAILS
GOES TO HIGH MARK
Rumors of RediSCount Rate
Cut Failed to Mate!riallze
During the Week.

BY the Associated Press.
NEW YORK, June 26.--t'urther
progress on the up side was made IN
this weeks stock market with the
average of 20 leading railroad issues
mounting to the highest level IN sew
eral years. The average of 20 ieao'
ing industrial shares approached WIN
in points of the record high estab-
lished in February. having recover
ed about three-quarterS of the ground
lost in March and April reactions
The call money rates ruled above
per cent, due to the heavy demand
for funds in connection with ma
year settlements. Rumors of another
cut i'm the New York Federal Reserve
Bank rediscount rate this week falled
to materialize. Credit conditions. how
ever. were regarded as sound with no
mediate indication of any sustained
stiffness of money rates.
Heavy Freight Traffic.
Strength of the railroad shares re-
flected the continuation of heavy
freight ira ffic, the million car mark
again being crossed in the week
ended June -. the unusually favor
able nature of the May earnings
statements now being published and
merger rumors. Investment BUYING
of these issues by large financial IN
stitutions was reported to be unusu
ally heavy. Reading, Canadian IA
cific, Union Pacific and Gulf Mobile
and Northern common and pre-
ferTed were among the score or so
issues to attain new high levels for
the year.
Steel shares displayed a relatively
firm undertone, with buying intiu-
enced by reports that new business
in June exceeded that of May and by
siiffening price tendencies, an in
crease of 81 a ton in steel beams
being announced during the week
Coppers held steady. Howe Sound
mounting to new high for the year.
Oil Temporarily Strong.
Oil shares made a temporary dis
play of strength in response to re-
ports of large current earnings. re
ports of decrease in crude oil pro
duction last week and merger gossip,
but the rally. like many which have
preceded 1t, failed to follow through.
Executives of some of the largest
compa MES made optimistic statements
on trade conditions, Marland's 1926
earnings being estimated at $40 a
share and Parliamentary at 81 or
$13 Union Oil Of California broke
badly on a denial of rumorS linking
that company with Marland and At
lantic Refining.
Weakness cropped out in the mo-
tors. coincident with the curtailment
of operations by several large manu-
facturers during the inventory sea
son. Recent price cuts are expected
to lead to others because of growing
competition and Wall Street was in
clined to regard these developments
as foreshadowing reduced earnings
Food. equipment and mercha ndising
issues also presented several points of
strength.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26
BY WILLIAM f. HEFFERN.AN.
Received by pr

NEW YORK, June 2e.--Today's
twohour session was a typical week
end market affair so far as the move
nlent OF prices was concerned. Where
profits of sufficient size had acrumu-
lated the disposition was to take them
This resulted in good deal of sell
ing. But while this was in progress
speCia! buying opera lions were MAX
ing themselves felt in other parts Of
the list The movement of prices was
highly irregular, and the volume of
business somewhat smaller.
Fractional advances were recorded
in various Sta ndard Oil issues. New
Mexico and Arizona land continued
It's upward movement. probably being
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26
CHICAGO STOCK MARKET.

CHICAGO. June 26.-Following is
report of todays sales, high, low
and closing quotations at the Chicago
Stock Exchange:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26

NEW YORK. June 26.--Following
is an official list Of bonds and stocks
raded in on the New York Curb
Market today:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26

TOMATO MARKET Ntfauy.
Supplies liberal; dema nj
moderate. market steady; Mississippi.
Is. ripeS and turning, wrapped. most.
" 100: few higher, South Carolina
SIS, lipes. wrapped, slightly decayed.
fancy count. l.95; Texas. 6s. ripes
and turning. wrapped, fancy count.
5na "a.
Natermelons Supplies liberal: de-
,nand moderate market fairly steady;
Florida. Tom Watsons ard Thurmond
Gravs, $3.50 III. average. G5a90 each.
String beans supplies heavy. de
mand limited. market weak; North
Carolina {many refused) 5.peck ham
pers, green, some fair condition, 50a
so: home grown, barrels. 2.50a3. 90
mostly 800.
Cucumbers Supplies moderate: de
nand moderate, market fairly steady;
North Carolina. bushel hampers fan
cv. l50a2 90; Virginia. Norfolk sec
tion. hotbed stock. "a -hushel hampers
fancy. $50; choice. 2.25.
Cabbage-Supples liberal; demand
light, market steady: home grown
barrels fat and pointed type. mostl,
200: Tennessee, pony crates. pointed
type. 2.5oa2.15.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1926-05-26

schools were divided into three classes,
the first the schools having an en-
rollment of from one to twenty, the
second an enrolment from twenty to
thirty-five and the third class the
schools with an enrolment anything
more than thirty-five. In each class
the first prize was an American flag,
the second football and the third an
indoor baseball. In class one the
schools winning the three prizes were
District No. 1O6, District No. A and
District No. ia. In the second class
District No. 8 won first place, District
No. 80 second place, and District No.
113 third place. In class three Dis
trict No. 50 won first, District No.
1902 second and District No. lib third.
Mrs. Lillian Wheeler Hall, mem
Der of one of st. Peters former
pioneer families and club woman OF
note now residing at Redwood Falls,
has been a guest at the home OF Mrs.
j. E. Treadwell for several days, and
at the meeting of the Auxiliary OF the
church of the Holy Communion yes
terday afternoon, at the home OF
Mrs. H. j. Smith, addressed that
gathering in short and well select
ed talk. Mrs. Hall was formerly a
teacher in the local schools, and is
we'll known by several of the city's
older residents.-St. Peter Herald.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1926-05-26
Gov. ChristiansOn
Seeks Reelection
(By "Mabe" Moreaux)

There is no news in the act of Gov
ernor Theodore Christensen filing
as a candidate for reelection. 1t has
not only generally been understood
that he would be a candidate for
second term, but it would be a most
unusual thing for him not to seek re-
election.
By the same token it would be an
almost unheard of thing for him not
to be given a second term by the vot-
ers Of Minnesota, for it virtually has
come to be an unwritten law that a
governor who discharges his duties
with even reasonable diligence shall
be accorded a second term. This has
been true even under our primary
election system, which throws down
the bars to candidacy so that any as
pirant with the necessary filing fee
can become a candidate.
In the case of Governor Christian
son there is more reason than ordin-
arily is found why a second term
should be accorded. Two years ago
Theodore Christensen was elected
governor on a platform pledged to
greater economy in state affairs and
to a reorganization of the state gov
eminent whereby such economy could
be enforced. Largely through Gov
ernor Christionson's efforts the plan
of reorganization which he helped to
draft was enacted into law. This Law
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1926-05-26

But there is no rain. The woods
are dry. Fires are still burning or
soldering. High winds could quick
ly cause great havoc.
There has been much destruction
already-of homes, barnes and other
buildings, of timber, of beauty spots
that were parts of the great heritage
of the Arrowhead country.
Very likely every fire that has con-
tributed to this danger is due to some
body's carelessness. Settlers clearing
land have built fires and let them get
away. 1t is known that fishermen,
building camp fires, have gone away
and let them catch the neighboring
grass and brush, the wind quickly
whipping them into dangerous forest
fires.
When the fires are going on, every
body who can help put them out should
do so. Duluth should remember that
one of it's great assets is the woodland
beauty of the north shore, that an
other of its assets is the settlement of
this land by men who till the soil, and
that when fires wipe out these beauty
spots and destroy settlements, that
means an actual loss, and great loss,
to Duluth.
But above all, those who start fires
in this region should be careful.
1t is simply beyond understanding
that in a territory that knows from
many grim lessons the CHASTITY posi-
bilities of carelessness with fire there
should still be men who will handle
fire carelessly.
If everybody who lives in the Ar
row-head could be brought to realize
that when they are careless with fire
they are exposing others and their
hard-earned property to deadly peril,
perhaps they would learn caution
Duluth Herald.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1926-05-26
Highway Upkeep
Costs Increase
$50 Since 1928
EJACULATION OF THE AVERAGE
ANNUAL MAINTENANCE COSTS
PER MILE SHOWS ROAD EX-
PENSE MOUNTING.

Maintenance costs on Minnesota
trunk highways in 1925 showed an
increase of IS per cent over the cost
per mile in 1923, according to a re-
cent bulletin Of the State Highway
department. The comparisons were
made between sections of highway
having the same relative traffic per
day during the summer season.
"The gradual increase of tourist
travel, lengthening the heavy traffic
period, and the necessity for keeping
the highways open for winter use,
have brought about the major portion
of the added expense" saids Commits
sioner C. M. Babcock. another fac
tor in the growing cost is the more
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1926-05-26

Nina Smith, Bemidji, was elected
grand matron of the Order of Eastern
Star at the morning session Of the
forty-eighth annual convention Of the
grand chapter for Minnesota, in ses-
sion at Minneapolis. Other officers
elected were: George Herried, Deer
River, grand patron; Margaret Van
der Die Dunn, St. Paul, associate
grand matron; Charles Montg emery,
St. Paul, assistant grand patron. The
grand secretary is Mary C. Taylor of
Minneapolis and grand treasurer,
Julia E. Moore, Wabasha.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1926-05-26

A mother is dead and her 2-year-
old daughter is near death as the re-
suit of a kerosene explosion at their
farm home, near Woodstock Tuesday.
Mrs. Mary Schrader, wife Of farm
er, was kindling fire with kerosene
when an explosion occurred. She and
her daughter, who were standing near
by, were showered with the blazing
oil. Mrs. Schrader died at q Tyler
hospital Tuesday afternoon, few
hours after the explosion. Little
hope is held out by physicians for re-
covery of the girl, who suffered Sc
we're burns about the face and body.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1926-05-26

has been in force considerably less
than a year. Governor Christensen
has been in office only little more
than year. The dictates of common
sense therefore strongly urge that
he should be given ample time i'm
which to put his well laid plans for
economy and reorganization fully in
to effect. The job is one that cannot
be accomplished in few months, to
say nothing of giving opportunity
for realization of it's benefits, so a
second term is absolutely necessary
in justice to the reorganization plan
passed by the legislature as well as
in justice to the man who fostered it.
But Governor Christianson's title to
reelection does not rest alone upon
the success of the reorganization
law. This law might be a complete
failure and still Mr.. Christensen
would have a clear title to a second
term.
Weighed in any scale to give meas
ure of a mans worth as public SER
want, Governor Christianson will not
be found wanting. He is man of
excellent executive ability, of unusu-
ally sound judgment, possesses high
ideals as to the duties of a public Of
fetal, has the courage of his convic-
tions and the backbone to discharge
his duties as he sees them without
fear or favor, as considerable num-
Der of politicians who seem to think
public office is private graft have
learned to their discontinue, and,
what is of no less Importance than
all of these other attributes, he is
clean and high-minded in all his per-
sonal affairs as well as his public re-
lations. In short, Governor Chris
Hanson is proving himself to be the
kind of governor every state should
have-a man who in both his public
and his private life stands as an ex-
ample worthy of the emulation of the
rising generations of Minnesota.
Governor Christianson should be
and will be reelected. This is true
because from every viewpoint his re-
cord is not only clear, but highly COM
mendable, and there is not the slight
est reason for making change. 1t
is senseless to think that the voters
of Minnesota are going to turn down
, man like Governor Christensen, serv-
ing his first term, just because some
one else wants the position.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1926-05-26
SECOND DIST.
WOMEN ASK FOR
LAW ENFORCEMENT
CLUB WOMEN OF DISTRICT MEET
AT WINDOW; NEW ULM IN
VITES MEETING FOR NEXT
YEAR.

Responding unanimously to the call
of the president to "show theiE colors
and bring their influence to bear upon
the right side in national crisis,
women from Is counties and 81 towns,
numbering about 1876, at the annual
convention of the Second District
Minnesota Federation of Women's
clubs, at Window, last week, demand
ed stricter enforcement of the federal
prohibition law. They asked, furth-
er, that women throughout the state
bend their efforts to bring about great
er respect and more widespread OBJ
servance of all laws.
Mrs. ]. K. Campbell of Slayton, dis
trict president, introduced the prob;
bition resolution, and her appeal was
greeted with storms of applause from
the 300 women in the, convention hall.
Redwood Falls women attending the
convention included Mines. A. H.
Vihstadt, A. D. McRae, H. M. Aune,
C. A. Luscher and T. E. Finn.
BY reclamation the delegates in
dorsed Mrs. Alton B. Cheadle Of Jack
son to be the second district candi-
date for first vice president Of the
Minnesota Federation of Women's
clubs. Her name will be presented
at the annual state convention to be
held in Morris in September. Unani-
NOUS votes were given Mrs. w. w.
Smith of Sleepy Eye for the office
of vice president of the district, and
to Mrs. A. H. Emerson of Lamberton
for recording secretary.
Window won first place and Tracy
second in the choral contest Of the
district. Other clubs competing were
from Springfield and Lakefield.
Delegates were taken for an auto
mobile ride and were entertained at
dinner Tuesday evening. The conven-
ton closed Wednesday morning with
a business session.
New Ulm will entertain the annual
convention of the Women's Federated
clubs of the Second district next May
This was one of the closing actions
taken by the delegates at Window
Wednesday morning.