davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02
COTTON DECLINES
ON HEDGE SELLING
Favorable Weather in Belt
and Easy Liverpool
Cables Factors.
n, N. AsanciAiAh Press

. ~ the Associated Press
NEW YORK. October Cotton III
lures opened easy: October. 1855; De
cember. 1857. 1881; January. 1888;
March, 1880 May. 14o5. A further
decline occurred in the cotton market
eatiy today owing to continued South
err hedge selling. reports Of favorable
weather in the cotton belt and rela-
lively easy Liverpool cables.
There were a good many overnight
sailing orders At the opening. and
flrst prices were easy at a decline OF
70 q points. new low ground for
the movement on all active positions.
Slight bulses followed on covering and
trade buying. but selling continued.
December EASING of to 13.G and
March to 13.47 and MAY 10 1879 by
the end nj the first hour. or p to 81
points net lower.
Private cables. attributed the de-
cline in Liverpool 70 increased hedge
selling and liquidation promoted by
the more favorable weather reports
from the South. Part Of the early
selling here probably was in antici-
patton ~ hearish private condition
and indicated yield AgureA early
next week.
Stv York cotton futures "losAf easy AZ
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02

A rubber stamr and approve the pol
icies OF the group i'll the saddle
The foregoing .hSe"Vatior. suggest
some of the dvantaseS in holding real
estate. as compared with stocks and
bonds. On the other hand. real estate
is usually less readily marketable. In
times of declining real estate markets
the owner frequently finds it neces-
sary to hold on for period of wears,
during which he would really like to
find a buyer; whereas the owner Of
listed stocks and bonds can always
turn his holdings into cash on short
notice. In emergencies such as illness
and unemployment IL is often desir-
able to be able to realize quickly on in
vestments.
Real estate is quoted in No resu-
larly organized market place It's
shifts in value are subtle and un-
heralded. and only those with special
lied knowledge and judgment are able
to sense the ma ior trends.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02

to making diversified automobile
line. with cars in every price class.
like General Motors. He said en-
phatically no, asserting that his sue
cess lies in specialization. making
only a single chassis.
To his credit. Mr.. Ford was the
innovator. and saw the new value to
civilization of the automobile more
clearly and sooner than any one else.
Moreover, he was the first to apply
the economies of mass production on
a large scale to the making of the
automobile. He was the man who
discovered that steady expansion or
sales lay in perpetuslly widening the
market by reducing prices. General
Motors executives. and those Of every
other large manufacturer. though diff
fering with Mr.. Ford In many ways,
have adopted those basic principles.
the value Of which was demonstrated
Enthusiastically by the Sage OF Dear
born.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02
NEW YORK CURB MARKET
Received b. Private Wire Direct to The Star once

continued in Freshman Radio. 1t had
sold the day before at 32is and rallied
at the end to 1914.
The stock opened today at 81 ana
after q series Of fluctuations broke
through that level The decline was
again aecribed 10 the abandonment OF
the recent speculative operations In
the shares. The rush to sell Warner
Brothers Pictures continued, the
stock breaking badly again on a large
turnover.
Brill Corporation A continued its
recovery from the recent slump,
which was set down to the throwing
over Of one or two underwriting hold
inEe. Earnings Of the company are
said to be good
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02
BULLS SUCCESSFUL IN MARKET.
WITHRAIL SHARES THE LEADERS

bought at advancing prices. would
seem to he an indication Of confidence
on this score.
Rail Position Good
Railway shares. more particularly
those OF the dividend class have been
making better response to the traffic
and tonnage figures and to the pros.
poet IT very busy Autumn Increas e,
ing thought has been taken Of the
great addition to equities resulting
from the enormous maintenance ex-
penditurea Of 1920 to 1925 and from
the enlargement ~ accounts.
The belief seems we'll founded that
the time is arriving when railway
stockholders will get more benefit from
these accumulations. either in the
shape Of extra stock dividends or In
the shape Of large cash distributions
On this belief the rise in the railway
shares. which has been one Of the
big incidents Of the week. has been
based. 1t Is a much more solid move
ment than the one year ago when
the animus was the vague idea of
railway mergers raising market val
ues. The railway market OF 1925 was
highly speculative market. The
railway market Of 1925 contains A
large element Of investment
Foreign Exchanges Steady.
Little worth noting has happened
in the foreign exchanges The effort
still seems TO he TO keep them stsbil
lied around the present level. rather
than to bring about recovery. II this
policy Ia pursued for any length NJ
time 1t will he the equivalent Of writ
ing of the depreciation which has
been going on for 40 many years
and accepting the fact that pane,
currencies. in terms IT those which
stand At par. are not worth more
than they are quoted for
Spectators in commodities who
had been banking on the lateness nj
the season 70 bring about damage
from frost have been badly deceived
The Spring wheat crop has been
made and the estimates Of combined
Winter and Spring wheat Yields range
from $50 900 900 bushels upward
This is we'll above the average. The
corn crop is down substantially from
the big years, but the amount Of in.
jury received has been overcalculated
by the speculative element and the
total promises to work ont we'll M 10
the average.
In the mea ntime the cotton trade is
confronted with varying predictions
the highest a WELD OF we'll over 49,
500 900 bales. II this were realized II
would mean a production we'll in ex,
cess Of the big total OF year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02
I.iyernool Quotations.

LIVERPOOL. October , tF).-Cot
ton spot quiet: prices easier. Amer
can strict good middlink, s.59; good
middlinc, S.@4: strict middlink. 7.99;
middling. 754. strict low middlinE.
7.14: low middline. s34; strict good or
binary. $50: good ordinary. 4.S4.
Sales 5000 bales. including $500
American Receipts. . 900 bales: Amer,
. lean. $500. Futures closed quiet. DC
"toher. 732, December. 75s: January
1.42: March. 80 May. ISL: July, 1852:
September. 7sU.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02
LIABILITIES SMALLER.

NEW YORk. October UpI.-Brad.
streets report Of commercial failures
IN the United States for the nine
months this year shows the largest
number for that period since 10.
but liabilities. though exceeding those
OF last year, were considerably below
the same periods Of 1924. 1872 and
1921. 4 total of t5125 defaults. with
liabilities OF $3.50 s1o9os. were in.
creases. respectIvelv, of 53 per cent
and ~ per cent over the same period
last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02

spNcsal Dispatch 10 The Star.
NEW YORK. October During
the past week the forces working for
higher stock prices have been com
monty successful. although not uni.
f6rrnly 40. The stock market has
paid No attention To hrmer money
conditions: the bond market has. In
bonds trading slowed up considerably
toward the end Of the week. not be-
cause Of s per cent call money. which
was obviously due to the temporary
requirements of the October settle
rAnts. but because NJ the hardening
of time money rates.
The market for the longer term
loans reached the highest since the
early part Of the year. This naturally
had a aoberins effect upon invest
ment securities. which Huctuate with
the interest rate, rather than with
business changes At one time there
was A good deal Of selling NJ Liberty
bonds. High grade rails anc indus
trial bonds were not depressed. hut
apparently they we're for sale around
current levels further deterring
factor was the fact that the market
had heen called upon tn ahsorh
very large output Of new issues. and
that these were coming into com
uAtition with the established members
NJ the list.
No Credit Pinch Likely.
The money changes were in lire
with expectations Of a slowly rising
tendency. at least during the remain
der IF the year. Still. nobody believes
there il to he any pinch or any re.
striction upon credit supplies. 40 long
&C the commerce of the country is a.
free from speculation as II is. and go
long a. Wall Street borrowers keep
within bounds Rediscount rates
were not raised this week. as they
would have heen had speculation
been rega rded az excessive. This IL
distinctly a point in favor of the pres
ent stock market position.
The formation OF a big European
steel combine TO take in the principal
steel interests OF Germany. France
and Belgium has been looked upon in
its hroadest way: namely, that II Ia
An additional step in the direction OF
enduring peace. Yet II IL con1bina-
ton which will bring into powerful
plav the effects Of deprecated cur.
rencies and low labor costs upon world
competition.
The American steel trade win have
to RELY more than ever upon the
strength of the tariff wall. The action
Of the steel securities al the close II
the week. when they were actively
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02
New Orleans Market.

NEW ORLEANS. October , tF,.-
Cotton futures opened steady; Ccto-
Der. 1$41: December. 1884; Janu-
arr, 1880; March, 1872: May, 1888.
New Orleans cotton futures closed barely
steady at nei de- hire Of 80 to So points.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02
Washington Stock Exchange

SALES
Washington Gas 5s-sl 400 AZ 10l 4
~ 600 at oil Il
ashinEton Ruy. 4 Eler pid.--l0 at 40.
MerFenthaier Llnotvpe-5 At io1
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02
THE BUSINESS OF GETTING
AHEAD
Advantages of Real Estate.

Changing fashions in business
sometimes render the successful in
dustries of one generation unessen
| tial in the next.
For example. tunnels and bridges
around New York have made several
of the ferry lines obsolete. More
over. all style industries are subject
to the changing whins Of buyers
One season there is a great clamor
for sweaters and other Knitted goods
and the next the products or the
same industry are unwanted. The
widespread adoption Of the boy1sh
bob has caused the hair-ribbon In
dustry to wither and fade away. The
investor in industrial securities must
allow for these fuctuating tastes and
habits.
In country where All il AUX real
estate. beyond all other forms OF prop
erty. has the attribute OF perma
nence.
Moreover. we'll located real estate Is
always an essential. never luxury
Furthermore, the owner OF small
parcel Of real estate is his own board
Of directors He supervises and man
ages his interests or himself delegates
a subordinate to DO so. On the other
hand. a small owner Of stocks and
bonds Is an outsider without TIE
power sixnifcs Ntly to influence the
direction of the enterprise in which ne
has a stake.
Investor Diserfranchised.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02
BY WILLIAM r. HEFFERNAN
Special Dispatch to The star.


NEW YORK, October I'm today's
Curb Market the active issues were
substantially the same as those which
had been dealt in most freely. during
the last day or two. In this category
were Du Pont. Freshman Radio and
Warner Brothers Pictures. To the
Ilst was added Erie Steam Shovel.
This stock left Off Friday at 2511. 1t
opened today at 25sA and on active
trading went we'll above %.
Du Pont opened at 17s. az against
the previous closing Of 1771a. On top
OF Yesterdays seven-point high 1t shot
up considerably further. Liquidation
NEW YORK. October 2-Following
| IL list Of bonds and stocks traded
In on the New York Curb Market
| today with the volume Of sales and
prices up to and including the close
of the market
S4lAe IknTSTRIAIe
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02
Your Banker lknnMs

When in doubt about a security
consult your banker. II is equally a.
much his interest AZ YOURS to protect
Your savings You trust HIM with
your deposits-why not trust him
with your investment problems
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02
Investor Disenfranchised.

In fact, the recent invention Of
non.votink stocks leaves numerous In
vestors disenfranchised. Even II he
has voted, the small investor can 40
little more with his proxy than art az
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02
Bid and Asked Prices.
BONDS.
MISCELLANEOUS
PUBL Utility

Chestnut Farms DAIRY e14s. 1ol
Wa-h Mkl Cola .-lorase IS 80
Wardman Park Hotel ) las 30
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02
Peach Market Steady.

tPAcU MdFNet SteSNy.
Peaches-Suppies moderate: de.
mand moderate. market steady: New
York. hushel baskets Elbertas. mostly
l50: few higher: New Jersey. bushel
baskets Elbertas. ordinary condition,
1.25a1.5A.
Pears-Supplies light: demand
moderate, market dull: New York.
bushel baskets Rartletts. No. /. ripe
lisa 100: some overripe soft. low a.
100: Washington. boxes ANXIOUS extra
fancy. 3.23a3.5O; Bose. extra fancy.
35Oa3.15
Potatoes Supplies light; dems nd
moderate market steady: Michigan
f5O-pound sacks Russet Rurals. L. s
No. l. and Maine. 150pound sacks
Cobblers. l.. s. No. l. 4.00a4.25.
Sweet potatoes-Supplies light; de
mand moderate. market steady: Vir.
ginia, East Shore Clothtop stave bar
rels Yellows, No. /, 2.75a3.00; mostly
800.
Corn-Supplies limited: dema nd
moderate. market firm: home grown
sacked. per dozen, Sugar corn. o0a2s
Tomatoes-Supplies limited: de.
mand moderate. market stronger
home grown. half-bushel hampers
1.50a1.75.
String besns-Supplies moderate
demand light, market steady home
grown. bushel baskets. mostly around
100.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-10-02

bought at advancing prices. would
seem to he an indication Of confidence
on this score.
Imperial Valley press., 1926-11-05
BRITISH ISLES
BUFFETED BY
HEAVY STORMS

LONDON. Nov. ). - Rainy gales
buffcted the British Isles and the
English channel today, endangering
shipping and causing considerable
damage ashore. No death had
been reported late this afternoon.
Several persons were reported to
have been injured on the west coast
of Scotland and one railway bridge
was wrecked. Many ears were sub,
merged today in South Wales aud
West Scotland.
The river CSk ovcrflowcd its
banks.
1t was feared that hurricane had
struck the herring fishing fleet
which plies from east England ports,
In the tidal basin o1 the river
CLYDE today was registered the high
est tide there since 1892 when guageS
were introduced. II was 20 foot
tide, eight feet above the average.
The steamer Mont Nairn, bound
for Canada, with 500 passengers
aboard, was unable &c leave her
dock because of the tide.
Imperial Valley press., 1926-11-05
MANY FEATURES
OFFERED FOR
ARMISTICE DAY

Among thc features which arc he
inc offered in connection with the
valIcy-widc Ami>ticr pay ccIchra
tiou at FL Contro on November H.
is Il fireworks display. costing $4,000
and lasting over two hours.
This will be the closing featur" q
the days program, except of cours"
the dancing, which viii continue at
the city park until the early hours of
the next morning.
An expert has been busy for the
past two weeks. constructing 'hc set
pieces for the fireworks display.
Space for the exhibition l'S been OBJ
tanned south of the city limits. ana
every pecaution will be taken by
committee in charge ON ArmiStice
Day. to see that no person is expos
ed to danger during the display.
Another feature that is attracting
attention. is the Miss Imperial
Valley contest. This is open to all
girls of the valley over 10 wears OF
age, and is to be supervised by Mrs.
Bcss Mitchell, county nurse. The
contest will he conducted along the
StrictcSt lines and will bc Judged hy
fair and impartial Judges.
The winner of this contest will be
presented with beautiful diamond
ring, and will be known aS Miss I'm
pcrial Valley. 1t is planned TO en-
ter her next year in the Miss Cah'
fornia contest.
Application blanks for those dc
string to enter the contest can be
obtained by communicating with the
committee at $50 state street, Fl
Centre.
This committee will be glad to
hear from individuals desiring to en-
ter the contest, or from or9aniZa.
tionS desiring to sponsor any pari'ru-
lar entry.
Several entries have already been
received from various valley cities
and the event promises to be one of
the most popular ones on the day 5
program.
Imperial Valley press., 1926-11-05
HUSBAND OF SLAIN WOMAN CHIEF WITNESS
outhern California Saves Wright Act For State
Residents Enjoy
pirate Party"

Hundreds Of residents OF r. Cen
tro, lurcd by the spirit Of adven.
turc which exists in the hearts Of
both old and Young, yesterday for
got their wears, dignity and w1rE TO
Join enthusiastically in the Press
Pirate treasure hunt.
Armed with the daggerS, which in
containing serial numbers, eager
>carchcrs crowded the stores CO.
operating in the movement.
Business men reported unusual
c"owds in their stores. and many To-
cal men and women are today en-
Enthusiastically exhibiting "'trcas-
urcS " and loot gained br them
a, a result of the novel scheme.
MANY valuable articles of mcrchan-
disc were given away by FL Centro
merchants, and those in close touch
with the movement declare that the
stimulus to local trade which result
cd from the greater Familiarity
gained by the public with high grade
stock will have n far reaching cf-
feet on local trade.
Some of the merchants who par
,icipatcd in the Pirate Party
were so pleased with the results OBJ
tanned, that they have held thcr
offer of prizes open fer today ana
Tomorrow. This however was At
their own discretion. the rules Of
he party as set down hr the Press
declared the party open for one dH =
,uiV.
Imperial Valley press., 1926-11-05
MARK ROSE IS
SUMMONED FOR
ARIZONA PROBE
ny United Press Leased Wire

PHOENIX. Ariz.. Nov. ). - Soy
cral prominent California Politicians
hav" been subpocrIcd in connection
with Arizona ; sluSh fGnd invcsti-
CATION and will be called TO the stand
when the hearing is resumed in Los
Angeles federal court tomorrow
morning.
They 'p.HIc Harry Chan1lrr. pub
Usher and ranch owner. William g..
McAduo. former secretary Of the
treasury. 4. II. Ballard, of the south
rEu California Ellison company. ".
u. Matthews. legal advisor to thn
mgnicipal water and power bureau
and Mark Rose, Imperial Irrigation
district member.
The California men viii he o"e,.
toned concerning charges Of senator
Ralph II. Cameron. Republican,, de
feared for reelection Tuesday by
Congressman Carl Hayden. Ecmo-
crat. that outside money was brought
into THE Statr. 70 influence til,
.rlC,tiuu
Imperial Valley press., 1926-11-05
LEGION CARNIVAL
AT CITY PARK TO
START TONIGHT

Tonight the American Legion
carnival, To aid in raising funds for
tle big Armistice Day celebration. D..
will open in the city park, and will
continue each night except SUNDAY,
until ArmiSticc Day.
L, O. Bridges, chairman Of the
committee in charge, stated today
that the carnival attractions have
been carefully selected and viii at-
ford only tine clcanest amusement
to those who attend.
The city council granted permiS-
sion for the construction of a dance
floor in the park, and dancing will
be conducted each night the carni-
val is open, starting at 9 o clock.
The southern club orchestra will
play for the dances.
Buttons. admitting dancers to the
floor, have been on sale for several
weeks past, high school students
throughout the valley being given
quantities of the buttons, with a
commission ON all sales made, this
commissions to hc turned into their
rcspectivc class funds.
Bridges stated today that the cN-
ncuSe of putting ON the bic c"lc'
hration is Il huge one, and the com
mittce will need generous patronage
at the carnival and dance if Sutfi-
cicnt funds to undcrwrite the cc'e-
hratiOn are to hc obtained.
The celcbratio moNt week has
been endorsed by every civic and
fratcmal body in mperial valley,
also hv the board of supervisors
ana ,ho III Contro city council
Members OF novcc Atcn Post are
working hard with the committee
TO insure the success of the celehra-
'ion and ask only the cooperation
of the residents ot FL Centre and
other valley towns
The carnival will be open tonight
NJ 1,%0, aud the public is cordially
invited TO attond and enjoy the at
fractions
Imperial Valley press., 1926-11-05
PRESIDENT NOT
DISMAYED OVER
SENATE LOSSES
Considers His Prestige
inshaken by Reversal
in Massachusetts.
Ey PAUL r. NIALLON
United "@e3s Staff Correspondent

CNI'e0 -'sejS Stai4 correspondent
WASNlNGTON, Nv. ). PrrSi
drut roolidgc and his political rs
~oc;air> arc taking election results
ui'h c.wrimity
There j. rn djSmav ~ TIA" ~i'ua
Iio" Tn" UuIied Press WAS told
rrliahlr that the white house is
'.ot taking tragicalIv' the defeat
Of Senators Butler. Wadsworth auI
five other Republican senators.
In fact, the Republicans. NOW
taking stock for the first time since
the elections. find drgrr" of sat
jSfdctiou in holding the senate mum
crically, even if not with workable
control. and in continuing masters
in the huosc.
The defeats are viewed as only the
general slump Of a mid-term clcc-
tiou, ir fact, even less of a stamp
than many other administrations
have experienced.
From source close to the p"cSi
dc.ut thc United Press was inform
ed today that while there vas Il
personal sorrow over the political
passing Of friends and comrades
there was firm belief the result
, would not react To the detrimrut of
the party or Mr.. Coolidge.
Republicans retained numerical
control Of the senate bv am eve lash
/ in contests which covered hut 80
states. They held a IS majority in
the house in contests which covered
every state.
j II the Republicans can pass no
program legislation At least they c"n
! prevent the opposition from passing
, legislation, II was pointed out.
No Reform Program
( They have no program tor addi-
tional reform. They do no, desire
amy tariff Legislation and they want
I 10 hold off while ON :aN reduction.
/ They are content to l"r things stand
as they are. IT iSn't the same as
iif they had plan of reform and
lacked the ma iorjtY 10 put il across.
7 As for Mr.. Coolidge suffering any
loss Of prestige because of the de
fcats are particularly because h" en-
dorScd Butler in his homo state,
! Republicans say that is a haStT
conclusion.
! Virtually the same legislative sit
uation existed in congress IN l922
/ 1929. The group sometimes deSlg.
mated as Republican insurgents
held a similar balance OF power and
i'm the next election Mr.. Coolidge
was elected president by the largest
Ipopular plurality ever obtained -
-,0O0.0GO votes more than his near.
est rival,
The wet dry fight in several states
is blamed largely for Republican up-
sets and in thc circumstances TIM"
president 5 associates find no cause
for dsmay for themselves for any
cause for Democratic rejoicing.
Butlcr'S Massachusetts reverse Is
partly explained by Mr.. Coolidge $
intimates on the wet-drv basis as IS
Wadsworth : defeat in New York
Imperial Valley press., 1926-11-05
THREE NATIONS LAND
MARINES IN CHINA

SHANGHAI. Nov. ., American,
japanese and British marines have
landed in Kiukiauc, a town of M
wards of $4,000 to guard the rouS'd-
cradle foreign settlement there.
Cantonese troops captured the
town Thursday.
Foreign cousuls have summoned
their nationals from stations in TN"
interior to the foreign confessions,