davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
COTTON DECLINES .
w Wv 13Vhahs@S
IN TRADING TODAY
Easy Cables and Good
Weather in South Factors
in Short Session.

B, the Associated Press.
NEW YORK. September l1.--Cot-
ton futures opened steady. October.
1925; December. 17.43 January. 17.4e;
March 17.72: May. 17.sS. The market
opened at a decline of Is to Is points,
with active months showing net
losses of II to 20 points after the call
under renewed liquidation and South
ern hedging. Local selling was In
fiuenced by relatively Easy Liverpool
cables and talk OF more favorable
weather In the South. But after the
decline TO 1887 for December prices
steadied on week end covering. This
was promoted by apprehensions that
the tropical storm reported near the
West Indies late yesterday wac work
ing toward the gulf and might de-
velop unfavorabiy over Sunday. Pri-
waite cables reported Southern hedge
selling and liquidation In the Liver
pool market.
New York cotton futures closed
weak at q net decline Of So to ~
points.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
CHICAGO LIVE STOCK MARKET

CHICAGO. S~ptember u Omitted
States Department of Agricultural
Hogs-Receipts. 5000 head: generally
steady; top. l4to: bulk. 2l0 pounds
14nna14S5: few sales desirable buteh
ers scaling $50 - 500 pounds 12.r5a
1900: most packing. n o0al1.'S: few
tight weight IN shippers. $50: hca vieA
downward 10 $50 and below; bulk. de
sirshle slaughter pigs. lS.o0a so;
shippers took 1900. estimated hold
over. l.00e: heavyweight hogs. II s0a
1880: medium tS.25a14.A0: light, 1928
a14.40; light light. 13.25al4.3S: pack.
inS sows an5a1l5O: slaughter pigs
1360a140O.
Cattl~-Eeceipts. 900 head: com.
nAred week ago fed steers. so 10 Is
higher: in.hctween heavi showing
, ma xin,um advance: Srassers and short
fed. As to 50 un. best warnings. II 80;
1,so0-pound steers. 1928 heavy cake
fec Texans. 1910: bulk northwestern
era ssers. 75OaS.25: western grass run.
largest of the season: grass cows and
heifers predominat'ng IN western run.
so 10 rs lower; all cutters and bulls.
80 lower: vealers. 90 lower: stoCkers
and feeders. IS TO 26 up. weeks bulk
prices follow: FED steers. 9.35a 10. -:
grass slaughter steers. 735as.25: cake.
ted. s6oae.o5: stockers an6 feeders.
A.1naT.Ih. rat cows. a.OUa 30. heuefs,
6enaS75: vealnrs. ~ noal4 On
Sheep-Eeceipts. 0oo head odd
F.. load natives. upward to 1880: for
week. 100 direct and 957 doubles
from feeding stations: Ia lambs Gull
natives sheen and vea~ling wethers
closing % to so higher: feeding lambs,
rs 10 % higher: weeks top Fat range
lambs. 1925: fat native lambs. 1870:
fat yearling wethers. ZOO: Fat ewes.
7.o5: range feeding lambs. 1900: bulk,
fst range lambs. l&35a 1910: natives.
i3.74a14c5: Gull natives. 10. GOA 10 so:
fat vearling wethers. 11.00a so; fat
ewes & 5OA1 90: range feeding lambs.
u coal [. 90.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
BUTTER HOLDS FIRM
AT CLOSE OF WEEK
Market Regains Some Of Ita
Strength-Fall Outlook Is Good.
Holdings Smaller.

bE tne AhbOC1Ateu Elesr
CHICAGO, September 1.-THE
butter markets during the week end
inE today re9aired some OF the
set Of the previous week. but was
lost at the close Barring some
easiness and price declines at East
Arn points the day following Labor
day. the market position held steady
throughout AT times some firmness
crept in; particularly at Chicago,
where prices advanced almost
cent by easy stages. but as a rule
prices experienced only minor changes
and trade held to a steady, moderate
~ active course. There were no
significant changes or developments
IN either supply br the demand stu
atoms. At the close OF the week A
steady to Arm position is indicated.
From a statistical aspect the mar
Ike, position is considered good. The
final figures giving storage holdings
on September l are not available.
It is known. however. from reports
Of holdings in IS Of the important
storage centers where about three
fourths the total stocks are held, that
the large surplus over 1928, which was
reported on August !. has been very
materially reduced.
The trade estimates this surplus in
the neighhorhood Of II 900 900 pounds
whereas the surplus on August was
more than 22.o00.000 pounds. The
improven1en was due to smaller uuAn.
titles, being stored in August this wear
than last. Since the LIST OF September
withdrawals from storage have begun
ana compare favorably with those
last year. The production possibilities
are the unsettled factor in the situa.
tino. Heavy production during Sep
TENDER might result in naturalization
Of the advantage gained in August
and it is not 20 be doubted that such
A possibility has tended to hold the
ma rket to a. level plane.
The weather conditions in the dairy
sections remain favorable for Fall
production.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
EVERYMAN'S
INVESTMENTS
Second.Rate Utilities.
RY GEORGE r. HUGREs

Aside from the highest grade Of
utility bonds. which were discussed IN
the preceding article and which are
Of interest to comparatively few IN
vestors. there has been in the past
year or so a great outpouring OF util-
ity obligations higher yielding. but for
one reason or another not command
ing so high a rating. Sometimes 1t Ia
the unsecured obligation Of a strong
.paratively rare. Such utility organ1za
tons are able to finance by selling
stock, preferred or common. Some
times 1t is the obligation Of holding
company. When these are liens OF
bonds OF subsidiaries they take a
higher rank than when protected only
by stocks. In fact, a bond falling IN
the latter classification Is the most
doubtful Of all these utility securities:
In many instances the investor would
do better to buy preferred stock
rather than one Of these bonds.
Everything depends upon the
strength Of the borrowing corporation
and its record over a period OF years.
There are operating companies which
have pledged common stock OF sub
salaries as securities for bonds which
have met with deserved favor At the
hands OF investors, but there are also
newly organized holding companies
which have sold bonds the only Sc
curity for which was the stock the
proceeds Of the bond sale were used to
buy. In effect the investor who takes
this sort Of bond il assuming a
stockholders risk without a stockhold-
er's opportunity to share In profits.
1t is only fair to say that bonds OF
this kind have been offered to yield a
good deal over the current rate. The
question IL, however, II the cornpensa.
ton lie sufficient to pay for hte risk.
One other feature should be consld-
cred in this connection. and that 10 the
matter Of a market. II a market is
active and broad it is safer to take a
lower grade security than II the con
trary Is the case.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
RY STUART r. WEST.
snectsl niaNateh - The Star.

NEW YORK. September 1.-THE
stock market Of the last week has
liveu up 70 the tradition that what =
ever may be the course Of prices
beforehand. things are apt to he I'M
certain after Labor day. In former
times his Summer bul, market
used To get into trouble because OF
the crop moving drain and 1t often
happened in consequence that prices
went down in the last three weeks
Of September.
This WAS before the esta blishmeNt
If the Federal Reserve. There Is
no reason now TO anticipate money
difficulties. Still even under the
new banking regime September has
been an unsettled month: that is.
where there has heen speculation
For the rise preceding.
\ comparison Of prices shows that
more declines than advances have
occurred than week ago. This has
not heen due to any change in sent.
ment. II has simply been In the
making Of natural reaction. Stocks
have been for sale on the upturns
but they have been supported on
the declines. This iS the sort ct
condition to be expected in pro-
fessjonal ma rkel where the big hold
ers are in no hurry 10 let go. hut are
ready to draw down some OF their
profits when occa sion offers.
Rail Campaign Wanes.
With the publication NJ the July
tra1'c statements. the campaign in
the railway shares has lost the incen-
tive IL had up TO a fortnight ago. Wall
Street. however. is looking forward 10
an unusually prosperous Autumn FOR
the carriers. and Ia basine its longer
range calculations accordingly.
Positive signs have appeared OF the
turn for the better in the sugar trade.
due 10 the fact that deliveries have
been complied on the old crop. and
that the market knows the worst
sin. the annual statements have TO
he faced and these. for the most part.
are not likely to make plea mt read
ing The rally IN the sugar stocks was
seemingly due more than anything
else 10 an oversold condition.
Much discussion was aroused nv the
r.nort Of the Federal Oil Conservation
Commission, In which the Atateme MT
a npeared that there was no more than
six wears supply Of oil In sight. This
was no, looked upon favorably in the
market for oil shares. The better
fnanced compa nies can develop new
production SUFFICIENT 10 avert a short
age. but the same Is not true or the
GONNA MES which are not so well stu
ated
Another question which has become
more prominent IL the Increasing
competition in the automobile trade.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
STOCK DROPS EXCEED ADVANCES
IN POST-LABOR DAY DEALINGS

This feature was stressed nv the
WHY'S Overland president in an in
tervisw which was followed Nv 4
substantial cut in prices OF willyA-
Overland cars. The idea Of keener
competition has been reflected In thu
motor truck shares more than It
has in the stocks OF companies doing
mainly a passenger car business.
The trade reviews dwell upon the
continued gain in the production A.
steel ana the outlook for a GOOD Fall
business. II appears 10 be true. as
IL has been all along. that an un-
precedented business volume ts 60
ing on throughout the country. But
on this subject the usual data, such
AS railway freight loadinss ana bank
clearinss. are apt 10 be misleading.
The business total lie extremely large.
but 1t is total which ia being
handled at low prices. Dun's price
index tor September I showed a
trifling advance after eight months
of steady decline. But the general
price level continues 70 be consider
ably below that Of q year ago. and
the early Autumn Of 1925 was GER
teinly not a high price period.
Foreign Exchange Steadier.
No predictions are worth while re-
EardirE foreign currency movements
They are too much subjected to poli,.
icai changes. Still French. Beleia n
ana Italian rates have for the second
week In succession acted as II they
were being stabilized around the
present level. without any desire to
bring about much Of A recovery. be.
cause this might he injurious to bust
ness yet with determination to
create confidence in conditions as
they are. --
Quite sharp run-up occurred in
the Italian lira after there had been
more time to grasp the significa nee
vt the Italian financial program
calling for reduction Of $500. 900 600
lire in the pa per note circula ton. This
was accompanied by increased acti-
witty and better prices for Italian
dollar government bonds.
No change has occurred in money
rates. hut the investment market for
the higher grade issues. which is at
a standstill. continues 70 reflect the
opinion in financial circles that II
money does not work higher, 1t will
remain as il ia.
The bureau report for September
I gave the cotton trade a shock
when Ii revealed probable crop OF
1875, 900 bales. This was quite a
hit above the average private esti-
mates. The surprising feature was
that scarcely any reduction occurred
during the fortnight from the middle
of August. which IL usually one Of
the most critical periods OF the
harvest season. -.,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
BOND DEMAND GOOD.

BALTIMORE. September II tSpe-
ciaD.-High.srade bonds are in better
demand, according to Baltimore In.
vestment bankers. Prices tend high.
err and supplies are smaller than they
have been for some time. During
the last three days more than $780,
00o, 900 Of new bonds have been mar
keted and in every case the offerings
were oversubscribed. Baltimore in.
vestors applied for liberal amounts.
but allctments were considerably re-
duced
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
NEW YORK CURB MARKET
Received by Private Wiz. Direct to The Star Office

Warner Brothers Pictures, which
were prime favorites on the day pre-
ceding. continued active and higher
most OF the session. The 6h per
cent notes steadied around lib levels,
following Yesterdays rise OF more
than 2 points, while the Junior shares
gained another point or so when
they crossed So.
Celotex was q weak spot among
high priced specialties. dropping an :
other s points on top Of the 7-point
decline yesterday, when it changed
ha nds at 17S
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
WILL PAY HUGE SUM.

NEW YORK. September II tR.-
Financial houses Unidentified with the
motion picture industry estimate that
more than $750000.000 will be paid
by the American public for admission
10 the 10000 motion picture theaters
in the United States during 1928.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
Your Banker Knows.

When In doubt about q security
consult your banker. 1t is equally as
much his interest as 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, 1926-09-11
BY WILLIAM r. HEFFERNAN,

NEW YORK. September Ito
"ay t"o-hour session on the Curb
1.AchanSe wss typical ending OF
me week. characterized by hishly
irregular price movements. in which
me selling side predominated, The
re4ctlonary tendencies displayed
throughout yesterdays session were
even more noticeable, many traders
'Aklns down profits where they were
available. preparatory to evening up
accounts for over the week end.
NEW YORK. September 1l.-FoJ-
lowing IL list Of bonds and stocks
traded in on the New York Curb Mar
ket TODAY.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
DRY GOODS TRADE SLOW.

NEW YORK. September II tSpe-
ciaO.-Cotton goods markets were
quiet again today. with print cloths
unchanged at 77s. for 64x60s and
So for 6sx72s. Raw silks were slow
AT unchanged prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
Three Hurt in Tornado.

BEAUMONT. Texas. September !
o. tornado struck the Spindle
TOP Oil field here late YESTERDAY
overturninr 2s derricks and causing
minor injuries 10 three persons. Dam
age is estimated at $4,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
GERMAN BoNDs AND STOCKS

MOVING. PACKING 4 STORAGE.
ST0RHGE FOR FURNITURE AND PIANOS
WESCHIER'S. geo Pa ave. NV. Phone
Main 1855 Main $3.50
SINGERS TRANSFER. Local AND LONG
distance hauling just call. we ii neul
phone Franklin SRSH. Ia"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
Liverpool Market.

LIVERPOOL. September II A0.-
Cotton-Spot, fair demand; prices
easier. American strict good middlins,
1928; good middling. 1898; strict mid.
ding, 1853: niddliny, 1908: strict low
middlinS. e.2s low mlddlins. $50;
nary. $50. Sales, 1000 bales, includ
Ing 200 American. Receipts, 1000
bales: American, 100. Futures closed
quiet: September. a.4o. December.
9.t4; January. 3.1s; March, AL May,
924; July. 921.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
New OrlNa M Quotations.

NEW ORLEANS. September II tp,
tober, 1925: December, 1881; January.
1898; March, 1872; May. 1888. The
market was easy today in sympathy
with lower cables than due and BE-
cause Of reports Of little rain in the
bolt First trades showed losses Of
IS to 20 points and prices continued
downward, October trading at 1871.
December at 1880 and January At
1888, or 20 to % points below yester
days close. After the selling had run
it's course the market rallied Z to &
points from the lows on moderate
trade buying at the decline.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-11
In FOREIGN BONDS.

SHIPMENTS and new bookings Of
cold-fnished steel bars in the Pitts
bursh district in August exceeded
those for July. Production is at 80
per cent Of capacity.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-04-26
100000 Memorial
Planned for Late
Walter Camp at Yale

New York. April 25-(P)-Plans for
participation of ASS colleges in rals-
ing 100000 for a memorial to the
late Walter Camp at the entrance to
the Yale Athletic fields in New HaV-
en-, Conn, were disclosed tonight by
the National Collegiate Athletic AS
ISOLATION and Yale University.
Half the amount will be subscribed
by Yale alumni and the nAmainder
by the N. c. A. A. on behalf~of other
universities throughout the country.
The memorial. massive colon
made at the gateway to the fields,
will be f1anked on either side with
panels of bronze on which will be cut
the names of contributing colleges.
The grounds will be renamed WALT
err Camp Fields" and the new tic
will be cut into the stone over the
gateway.
Z. X. Hall of Dartmouth has been
made chairman of tire memorial
committee, which includes w. 5.
Langford, Trinity; f. W. Moore,
Harvard; A. A. Stage. Chicago:
Walter Powell, Wisconsin; Robert
Zuppke, Illinois; j. T. Richardson,
Dartmouth: J. E. Raycroft, Prince
ton: S. V. Sanford. Georgia; J. w.
Wilce, Iowa State; E c. May. Uni
versity of Washington; j. A. Stroud.
Jr, California: S. w. Boyer, Iowa
State; d. A. Penick, Texas; F. G.
Folsom, Colorado
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-04-26
Verdict Possible
Today in Trial of
Gangster WhittemOre

Buffalo, n. Y, Apr. 25.-(P)-With
indications that the life of Richard
Reese Whittemore, dapper leader OF
a New York bandit gang, will be
placed in the hands of supreme
court jury tomorrow afternoon, there
is possibility that the verdict might
be announced before night. AL
though about eight more persons
will take the witness stand, it is ex-
pected that their examination will
probably be brief and the court and
opposing attorneys expect that the
final proof will have been heard,
summation made and the jury
charged by late tomorrow afternoon.
District Attorney Guy B. Moore
and Defense Attorney w. Bartlett
Sumner tonight said that they ex-
pect to cross examine one witness
each and to call three new witnesses
each. They did not disclose the
identity of their witnesses. 1t is
known. however, that Mr.. Summer
wants to question Alfred Guggisberg
of Lancaster, state Identification wit
ness. and that Mr.. Moore will seek
to assail the defense alibi that Whit
temore was in Philadelphia on the
morning of the crime.
Whittemore is charged with par
ticipating in the robbery of $9:,,
from the Bank of Buffalo money car
on October 20 and in the killing of
Charles w. Clifford and Lewis Var
rlnSton, bank messengers.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-04-26

Fairbanks, Alaska, April 25-(Pl-
Efforts to pick up a possible radio
signal from Captain George H. Will
kins, commander of the Detroit Arc
tic expedition, today. the tenth since
he set out for Point Barrow in the
expeditions single motor plane were
unavailing, the North American
Newspaper Alliance reported.
The expedition members. however.
maintained their optimistic conf
dence that the missing commander
was safe at the camp at Point Bar
row.
Poin. Barrow now has from IS 10
90 hours of daylight with only short
dusk intervening between sunset ard
sunrise. This has been suggested
as a possible cause for Captain Will
kins' silence and the difficulty CT
communication with the party which
left Fairbanks by the overland route.
However, both Captain Wilkins
and the overland party are equipped
with short wave radio sets which are
not seriously affected by sunlight as
sets using longer wave lengths.
The Detroiter, the second plane OF
the expedition, was still in Fairbanks
today. A test flight to try out the
new compasses installed yesterday,
delayed the loading of the big plane
and made necessary another post
ponement of its departure. scheduled
for this morning. 1t is hoped to COM
plete the loading for hop-off early
tomorrow morning. Six hundred
gallons of gasoline were placed in the
tanks today.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-04-26
Nab One, Another
Sought in Battle
With Bootleg Gang

Dover, n. H., April 25.-(P)-One
man was under arrest here today and
police We're searching for another as
a result of gun fight between city
officers and two members of an al
legged bootleg gang from Salmon
Falls, four miles from here last
night.
Kyrokos Pastedenos, alleged lead
err of the gang, two of whose mem
bers are serving terms in Atlanta for
liquor running. was arrested today
at Salmon Falls, charged with as
sault with intent to kill. Assistant
City Marshal Raymond Loughlin
and Deputy Sheriff Andrew Nc
Daniel identified him as one of two
men who shot at them when they
went to investigate an automobile
stalled in the mud outside the city.
AS the officers approached the car,
they were told to beat it," and when
they failed to halt both men opened
fire and them fed. One bullet grazed
Loughlin. The car contained 45
gallons of alcohol. Warrants were
sworn out today for the arrest of
Everett ]. Galloway of Dover. iden-
titled by the officers as their other
aSSailant.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-04-26
Plan Busy Week
In Consideration of
War Debt Funding

Washington, Apr. 25.-(P)-Long
steps toward a solution of America S
war debt funding problem probably
will be taken this week.
The debt commission will resume
consideration tomorrow of Frances
new settlement offer and show
down on the renewed negotiations is
expected before the end of the week.
Favorable action is anticipated in
the senate within a few days on a
vote on the Belgian debt funding
agreement. with the remaining four
debt pacts receiving attention soon
afterward. These include the agree
ments with Rumania, Latvia, Estho-
MIA and Czecho-slovakia.
Upon disposition of the French
negotiations, the commission will
take up, probably this week, a pro-
posed settlement with Jugo-slavia.
one of the other two remaining debt
or nations, with which terms have
not been arranged.
There is every indication, however.
that extended discussion will be nee
essary before an agreement will be
reached on the funding of the $4,-
O0,W0,000 French debt. While
pleased with the offer of Ambassa-
dor Berenger, as compared to the
best proposal of the CaillauX mis-
sion, some members of the debt COM
mission are not prepared to accept
1t in entirety.
1t appears certain that Mr.. Be-
renger will be asked to make a
higher first payment than $4,000,
600 annually, as he proposed, and
that he will be asked to modify even
further any suggestion of relieving
France in the event of failure of
Germany to meet its PREPARATIONS
payments.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-04-26

Teheran, Persia, April 25-P)-
levi, who rose from the humble sta
ton of groom and trooper in the Per-
sian Cossacks, was crowned today
amid scenes of oriental splendor. The
ceremony took place in the -1useum
Hall of the old Gulistan palace. Fes-
tivities followed which will continue
throughout the week. For the most
part these will comprise the ancient
customs of Persia, but modern
feature will be the opening of new
wireless station.
At the top of the hall facing the en-
trance stood the peacock throne. Inn
mediately below were aides-de-camp
with the imperial flag and a few feet
away was the Nadiri throne.
Shortly before 4 o'clock the young
crown prince, followed by members
of the cabinet the governor of Teher-
an, the court ministers and function
aries entered the hall. The prime
minister bore the Kajar crown, the
chief court minister the Pehlevi
crown. which had been specially pre-
pared for the occasion, the minister
of war the Jenanghosha sword, the
minister of works the celebrated Da-
ria-I-Nur diamond brought from Del
hi by Nadir Shah, the minister of the
interior the mace, and the mirister
of finance the new shah's port ait,