davidaulloa/AmericanStories huggingface dataset:
Evening star., 1926-04-10

Special Dispatch to The Star.
NEW YORK, April 10.-Develop-
ments Of the last week have put new
emphasis upon the difference between
the investment and the speculative
situation. Investment securities. in.
cluding high-class bonds and the bet
ter grade Of preferred stocks have
been working higher. Speculative IS
sues as a whole are not much changed.
Money rates have sunk to the lowest
of the year, the noticeable feature
being the increased offerings of long
term bonds at the lowest quotation
of the past eight months. This Incl
dent can be interpreted in two ways.
First II implies a tendency toward
higher investment values, because the
decreasing purchasing power Of money
involves a. lower interest return. Sec
ond 1t suggests that commercial activi-
ties are not what they were predicted
three months ago, that the total
volume Of business, while still very
large, does not require the amount
of credit that was considered likely
at the beginning OF the year.
A Lesson for Spectators.
Therefore the reduction of money
rates is by no means an entirely opti-
mistic sign. 1t has been inspiring to
see the bond market and the strictly
investment part of the stock market
as strong as 1t has been during the
last few days. But the experience OF
the last four years should have car
ried the lesson that comparatively low
money quotations are not an incentive
for speculation.
The ST ock market has come to think
more about individual business con-
ditions and less about credit condi.
tions. AS a result, 1t has frequently
been observed that prices have come
down with money at to 5h per cent
where they have gone up with money
at per cent.
The Mercantile Situation.
The mercantile reviews continued to
play up the high figures on railroad
freight tonnage and bank clearings.
But the disappointment lies in COM
modify price movements. No period
of great industrial prosperity has
ever been ushered'in in by declining
price level in such essential lines as
steel and textiles. Dun's Review at
\ the week end. says that leach month
k4Y,is6rvearA1,a sAsh hopyrpsslslfuo
Evening star., 1926-04-10
BALTIMORE PRODUCE.

BALTIMORE, April 40 (SpeciaD.-
White potatoes, 100 pounds, 2.50a5.25;
asparagus, dozen, 2.OOa4.5o: culls, 100
a1.5o; beans, hamper. 4.00as.00; beets,
hundred, 4.00a6.O0; cabbage, hamper,
1.75a2.25; sweet potatoes, barrel, 2.OOa
450; yams. barrel, 2.00a4.50; carrots
bushel, 2.25; cauliflower, crate. 2.00a
'2.25; celery, crate, 2.50a350; ~cucum'
bers, crate. 6.00a10.00; eggplants,
crate, 30Oa6 90; kale, bushel, 75a90;
lettuce, basket, 1.50aS.00; peppers,
crate, 4OOa7.O0; onions, 100 pounds,
3.00ae so; Spring onions. hundred, 800
at. 90; peas, hamper. 3.50a4.50; hun
dred, 1.75a2 90; parsnips, basket. 50a
60; tomatoes. crate. 3.50a3.65; spinach,
bushel, 40a75; radishes, hamper, 1.50a
ESQ.
Apples, barrel, 2.ooa5.oo: bushel.
50a1 so. Grapefruit, box, 3,5oa5. 90;
oranges, box, 4.50a6.o0: Strawberries.
quart, 25a50.
Evening star., 1926-04-10
New Orleans Quotations.

NEW ORLEANS, April 10 N).-
Cotton futures opened steady: May,
1918; July, 1879; October. 1898: De
cembeg, 1903; January n920. 1898 bid
The market was firm in sympathy
with better cables than due and owing
to heavy and general rains in the West
ern belt accompanied by colder
weather First trades showed gains
of 10 to IA points and the market con-
tinued to gain after the call until May
traded up to 1927, July to 1888 and
October to 17.04, or II to 19 points
above yesterdays close. A better de-
mand for spots locally was reported.
Map indications pointed to continued
bad weather over Sunday. At the end
of the first half hour prices eased off
a few points on week end realizing,
but the undertone continued firm.
NEW ORLEANS April TO- (P).-Cotton
futures closed steady at net advance of 6
% init
Evening star., 1926-04-10
POTATOES REACH PEAK.
Now at Highest Price Ever Known
at This Time Of Year.

CHICAGO April 10 R).-Potatoes
were declared to-day TO have reached
the h.ghests price for this time OF the
year the markets have ever known.
Wholesale merchants are now paying
from $3.50 TO S5.75 per 100 pounds for
the remainder Of the Fall crop.
Although the price has risen almost
81 during the last week, merchants
declared there is no danger of a short
age, the Spring crops being too far
along.
The high prices were due to the
heavy frosts through Colorado and the
Dakotas early last .Fall according TO
John Mckay Of the Chicago Potato
Co. Wisconsin, and Michigan also suf
fered TO some extent, he added, and
New York state did not produce its
normal crop.
BANGOR, Me-, April 10 P.-At
Presque Isle and other Aroostook
shipping points. No. l Green Noun
tain potatoes yesterday reached the
seasons record price of $40 a barrel
cash to producers.
Evening star., 1926-04-10
BONDS TAKE CENTER
OF STAGE AS STOCK LIST LAGS

ward lower levels and the present
index number is at the lowest point
touched since September, 1924
Pig iron has proverbially been looked
upon as an index, and pig iron has
been going lower within the last week
1t has dropped 81 to $50 a. ton.
Foreign competition has entered in
but the main point is that the do
mestic output has been 80 increased
that it has kept pace with the en-
larged consumption. Hence buyers
have felt that they had the market
in their hands. They have not loaded
up as they did three years ago with
high priced materials. but they feel
perfectly secure that the market is
not going to run away. They can
buy for immediate need only
This is in one sense a strong
feature Of the business situation,
because it does not mean an over.
bought condition. On the other hand.
it points toward continuation of a
low profit margin.
French and Belgian Franc Weak.
International banking circles con-
tinued to adopt a skeptical attitude
toward both the French and Belgian
paper currencies. There was a lot of
Stlr ABOUT success OF tne 6FldHu
ministry in putting through its
financial program. Yet the franc did
| not rally. Toward the end Of the week
it was lowering around the very low
est figure for all time.
This is hardly consistent with
definite belief that the French budget
has been actually balanced. The tfou-
BILE as that increased taxes have been
proposed, but that 1t is a question
whether they will take effect in time
to cure the financial situation. In Bel
gium the budget remains unbalanced.
! There was artificial support for year
or more. and 1t suddenly collapsed.
Stock Prices a Little Changed.
The stock market situation stands
about where 1t did a week ago. Prices
have not materially changed in the
lgeneral list. There have been some
advances and some declines. But, on
the whole, the position is that there
was big speculation during the Au.
| tumn and early Winter followed by
severe decline. The public is carry
| ing stocks at prices much above the
| current level and is not willing to buy
more. The opposite side of the pic
ture is that a good deal OF liquidation
has occurred and that these weak
holdings haAss1.p passed iato atGopgeg
+handsf
Evening star., 1926-04-10
COTTON ADVANCES
ON WEATHER NEWS
Realizing Checks Rise, But
Market Holds Steady
and Higher.

By the Associated Press.
NEW YORK, April 10.--Cotton flu
lures opened steady; May, 1890: July,
1885, October. 1851; December, 1870;
January, 1918.
The market was steady at an ad-
vance OF to II points on reports OF
general rains in the southwest and
relatively firm Liverpool cables. Fur
ther covering by near month shorts
with trade and commission house buy
ing OF later deliveries, sent prices mp
to 1896 for May, and 1867 for Octo-
ber in early trading or about 10 to
II points net higher. Realizing check
ed the advance at this level and caused
slight setbacks. but the trade feared
that the Western belt rains would
work Eastward over Sunday. The
market held very steady at the end OF
the first hour.
Private cables advices reported trad.
ing calling with local and continental
buying in Liverpool on the rains news
from the South.
NEW YORK April 10 (Pl,-Cotton fu-
lures closed steady at a net advance OF . 10
Evening star., 1926-04-10
BY WILLIAM f. HEFFERNAN.

NEW YORK, April 10 (Curbs).--
Higher prices were reached in a mum.
Der of specialties in the brief closing
session of the week on the Curb Ex-
change and the buying of these Sc
lected issues furnished the feature in
another day where public participa-
ton was small. 1t was evident that
the short position in such stocks as
General Baking "a" Continental
Baking "a" Electric Refrigeration
and Charles Freshman Radio had
been found vulnerable and it was not
difficult matter to bring about high
er prices when offerings We're found
to be light.
General Baking A, which had been
sold heavily during the past month.
responded with a rise of more than =
points before the demand spent itself
The upturn in Continental was not as
pronounced, but was sufficient to
bring about u fractional improvement.
Electric Refrigeration was the out
Evening star., 1926-04-10
BUSINESS MOVING
. ON BALANCED KEEL
Commerce and Industry Have
Struck "Good Gait" Good
for Months.
BY j. C. ROYLE.
pecial Dispatch to The Star.


NEW YORK, April 10.-Business
is moving along on an even keel
There have been few changes one
way or the other in the last week ex.
cept those due to weather and sea
sOnal variations.
In the main, business men have
been glad 20 observe this. Commerce
and industry have struck road
gait" which they are likely to hold for
months to come. Some industries
have been acting like the old time
stage drivers who always started out
and finished their journeys at a gal
lop. In between. however, they pro
seeded at a pace calculated to cover
ground and conserve their animals.
Building never was more active and
the scale of wages is the highest in
history. There seems no surplus OF
labor in general. The material mar
kets are such as to encourage build
ing, while, the volume of building as
sures steady material production in
large quantities
Evening star., 1926-04-10
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 probiemsT-
Evening star., 1926-04-10

Miss Eta Norton, recently chosen
to succeed her father as coroner of
Kane County, ILL.,. is the first woman
to hold such a position in. Illinois.
Evening star., 1926-04-10

NEW YORK. April Following
is an official list of bonds and stocks
traded in on the New York Curb Mar
ket today:
Evening star., 1926-04-10
BAR SILVER PRICE.

NEW YORK, April 10 R.-Ba
silver, 65; Mexican dollars, 497s.
Evening star., 1926-04-10

Butter Fancy. l-pound prints, ava
so: tub. 47a4S; store packed. 80.
Eggs-Fresh selected, 30a32; hen
merry, 33a35: current receipts, 20a30.
Poultry, alive-Turkeys, hens, 40;
toms, 40: Spring broilers, 5oa55; Ply
mouth Rock bIoIiers, y to pounds,
50: smaller. 40a45: White Leghorns,
40a45; Winter chickens, 3 pounds and
over, 40a45; fowls, 32a34: roosters, %;
ducks, young, 80: old. %; keats, young,
S0a90; old, 45a50. DreSSed-Turkeys.
hens, So; toms So broilers, 60a65;
fowls, 35a36; keats, young, 90al.OO;
old, 50a60.
Live stock-Calves, choice, IA; me-
dunn, lla12: thin, 1aS; hogs, heavy
and medium, 1877; light, choice, 10;
lambs, %.
Meats-Beef. 1G: lamb, 25a2S; veal,
22a24; dressed pork, heavy, 19.
Evening star., 1926-04-10
Fruit and Vegetable Review.

Today's market report on fruits and
vegetables compiled by the Market
News Service, Bureau Of Agricultural
EConomics) says:
Apples-Supplies moderate; demand
light, market dun; barrels, Maryla nd
and Virginia, A, 2I2 inches up, Yorks
some poor condition. scalded, 3.00a3.50
a. 2l4 inches up, S-aymans. scalded
best, 4 450a5 90; poorer, $50; New York
A, 2I2 inches up, Spys and RuXbury
Russets, 400; y, 2-inch Baldwins
some scalded, best, 3.50a4 90; poorer
low as 80; boxes, Washington, me-
dunn to large size, fancy, Delicious,
325a3 50: extra fancy WinesapS, most
~ 2.75: fancy, 80; fancy Romes. 2.25
a250: bushel baskets, New York. A,
2Ia. and b, 2t2 inch Baldwins, 1.25;
New Jersey, a, 2l2 inch lsomes, No. /,
scalded. 100.
Asparagus Supplies liberal; demand
moderate, market dull; South Caro-
lima, dozen-bunch crates, white, very
large size. 3.50a4.00: large size, 2.50a
8 90; small to medium size, 1.50a2. 90;
few long green. 4.00a4,50; California,
no sales reported.
abbage-Supplies liberal: demand
light. market dun: Florida, ! e -bushel
hampers. pointed type, 2.25a2.50,
mostly 225; barrel crates. considera-
BILE yellow, 3.00a4.00; South Carolina,
la-bushel hampers. small size. leafy,
175a2 90: Texas, barrel crates, fiat
type. 4.25a4.75, mostly around $50.
Celery-Supplies moderate; demand
moderate, market firm: Florida, 10
inch crates. As dozen, best, 3.25a3.50;
fair to ordinary quality, 2.50a3.00.
Supplies moderate: de-
mand moderate, market steady; Cali
fOruia Inperial Valley crates iceberg
type, dozen. 4.00a4.25; few best,
450: Florida, p -bushel hampers, big
Boston type. 250a3.00; few higher;
North Carolina, 5-peck hampers. wide
range in prices, best, 2.50a2,75; some
decaYed low as 1.50.
Onions-Supplies light; demand
moderate, markec dull; New York and
Michigan. 100-pound sacks, yellows,
u S. No l. $50
Evening star., 1926-04-10
Potato Market Stronger.


Potatoes-Supplies moderate; de-
mand good, market slightly stronger;
Michigan, 150-pound sacks Russet
rurals. u s.. No. l, S.75a9. 90; Maine,
150-pound sacks, Irish cobblers, U. S.
No, /, 9.25ao.50.
Spinach-Supplies moderate; demand
slow, market weak; Texas, bushel
baskets, savoy type. scars: few high
As Loo; Virginia. Norfolk section, cloth
top veneer barrels, savoy type, some
very poor condition, 25a1.50.
wberries-Supplies light; de-
mand good and market firm for good
stock; Florida. pony refrigerators.
best, 60aG5: poor to fair quality and
condition, 25a50 per quart.
Cauliflowerk-Su light: de-
mand moderate. market steady; Cali.
fornia, crates. mostly 2.4U
Tomatoes Supplies moderate; de-
mand moderate, market steady; Flori.
da, skies, ripes and turning wrapped
originals. fancy count, 6.50a7.0 90
choice count. 5.50a6.06.
String beans-Supplies light: demand
slow, market steady; Florida, zs-bushel
hampers green, fair 20 ordinary quail
fly, 4.00aG.00; wax. 3.00a4.00.
Beets. Carrots-Too few sales to
establish market.
Peppers, Eggplant, Squash-Sup
plies very light; no sales reported.
Evening star., 1926-04-10
Butter Price Changes.

Very little changes in butter prices
have been recorded the past few
weeks and dealers do not look for
much further decrease unti the grass
is able to furnish ii good supply oi
feed for COWS.
As the weather gets warmer, ac-
Cording 10 dealers. the supply OF carry
vegetables will increase. Prices shoulu
drop accordingly. they state. Fruit
growers in nearby Maryland and Nir-
cinia have not yet complained of frost
having damaged their prospects Tor
good crops this season.
A few miles south of the cltE 1ruit
trees are in full blossom, while IN TINS
immediate vicinity the trees are be
ginning to show the color of thelf
blossoms.
Evening star., 1926-04-10
CENTER MARKET
TRADE IMPROVES
Dealers Surprised to Find
Egg Prices Remain Firm.
Expected Drop.

Local dealers report a decidedly i'm
proved condition of the market this
week, compared with previous weeks
since the Christmas holiday season.
1t was naturally to be expected that
sales during the Lenten period would
decrease, they state, but The market
WAS nothing like brisk the several
weeks preceding the fasting period.
Dealers are surprised that the egg
market has continued so firm. They
had expected prices TO fall to 25 cents
ur tritie more, but prices have nov
cred around the 30cent mark, and to-
day they were quoted at as much as
81 cents for hennery stock.
There has been a decrease in prices
of brolers and other young chickens,
hut the price of fowls has been above
the average. Turkeys continue good
seller. it is stated. in spite of the
warmer weather. They are not plenti-
1ul however, and high prices rule.
Evening star., 1926-04-10

NEW YORK April 10 LPl,-Cotton fu-
lures closed steady at a net advance OF d 10
ii points.
Evening star., 1926-09-09
BUTTER IS HIGHER,

CHICAGO. September 2 LPl.-But-
ter. higher: receipts, 5.4S2 tubs; cream
err extras. AZ: standards. 40s4: extra
flrsts. 4012a4 frsts, 37a3912; seconds,
S3a352.
Evening star., 1926-09-09
BANK CLEARINGS.

NEW YORK. September 9 P).--
New York bank clearings. 1898 000. 900;
New York bank balances. $S2 900, 900:
New York Federal Reserve Bank cred
it's, $71 900 900.
Evening star., 1926-09-09
FOREIGN EXCHANGE.

NEW YORK. September 2 R.-
Foreign exchanges easy: quotations
in cents1 Great Britain, demand.
4S5: cables. 4s5i2; s0-day bills on
banks. 4sl. France. demand. 2.s6:
cables. 2s7 Italy. demand, 3.S1;
cables. 35S.
Demand: Belgium. 273: Germany.
c3s1A.: Holland 4n05: Norway.
2lel; Sweden, 26.13: Denmark, 2S.55;
Switzerland. 1917: Spain. 1920;
Greece, LIS: Poland. 1850: Czecho-
slovakia, 29S: Jueoslavia. 1851;
Austria. l4I2i2; Rumaf,is. so: Ar
sentina, 4o.5SL: Brazil. 1928: Toxic.
Rcs: Shanghai. SS.ssa: Montreal,
lnn15A.
Evening star., 1926-09-09
COTTON RALLIES
AFTER EARLY DROP
Weather News Causes Up.
ward Movement-Southern
Traders Sell at Opening.
ey the Aseociated Press.

~ the Aeeocihted Press
NEW YORK. September a.-Cotton
futures opened steady: October, 40;
December. 1871 January. 1894;
March. 1918: May. 1925. The mar.
ket opened steady today at a decline
OF 10 10 points. Active months
soon showed net losses Of about
to 8 points under Southern selling.
realizing and local offerings which ap
peared to be inspired by relatively
easy Liverpool cables. reports Of a
sharp break in the Egyptian market
and hope OF better weather in the
South
Private reports Of further showers
In Oklahoma brought in some buying
however. and after initial offerings
had been absorbed the market steadied
on covering. December selling ND to
1855 by the end OF the first hour.
The market at that time was fairly
active, prices holding well up to or
within or points Of yesterdays
closing quotations.
The market turned easier later in
the morning with the appearance Of
more Southern hedge selling. Trade
demand was less in evidence and
there was also renewed liquidation
and realizing. At midday October
was ruling around 1888 and January.
1913. or about IS to 20 points net
lower. Bullish comment on the out.
look for lower temperatures In the
Western belt and further showers in
the East failed to create any buying
power Of consequence.
New Orleans Quotations.
NEW ORLEANS. September q Oo>.
Cotton futures opened steady. Octo
Der. 17.75; December. 1884: January,
17ss; March. 1904: May, 1912.
Liverpool Quotations.
LIVERPOOL. September Q OP).--
Cotton, spot, good business done;
prices steady. American strict good
middling. 11.4s; good middlinF. Ills;
strict middiine. loss: m'ddlinE. 1926;
strict low nlddling, o.5l, low middling.
SIS, strict good ordinary. 7.6l good
ordinary. SIS. Sales. 10. 900 bales, in
Guiding $500 American. Receipts.
1000 bales; American none. Futures
closed quiet. September. o.66: Oc-
tober 95l: December, 9.3s; January,
s.39; March, s.45; May. 9.45; July, 9.39.
Evening star., 1926-09-09
NEW YORK PRODUCE.

NEW YORK. September (Spe-
ciaD celebration Of the Jewish New
Year sharply curtailed activities on
the New York City fruit and vegetable
markets. Receipts were for the most
part limited and the demand corre-
spondingly slow.
Sharp declines were reported on
Cauli1ower. which brought mostly
s1.75 to 50 for best. stock. Poor quail
ity sold at 81.
Two carloads Of cabbage arrived
from New York State. Most Of it
went into cold storage to be sold
after the holidays. A few sales were
made at 81 to 1925 per pound
hss
Apples and peaches were generally
placed in cold storage. Apple prices
We're reported at yesterdays level,
but New Jersey peaches further de-
clined.
Evening star., 1926-09-09
BY WILLIAM r. HEFFERNAN.
ReeeiveA bN Private

NEW YORK. September s.-The
speculative element was very much
evident in its decision Al to which
course to pursue in the operations on
the Curb Exchange today The final
outcome was confused movement
or prices. with neither side gaining
any noteworthy advances.
The action OF the Boston Federal
Reserve Bank directors after the
close of business yesterday in main
tanning the rediscount rate at per
cent was taken by many to fore
shadow similar action by the New
York directorate after the close Of
business today. A good deal OF the
uneasiness which manifested itself in
the late trading yesterday. therefore,
was dissipated. and as the session be-
gan renewed buying came into the
market from several directions. After
the initial demand had been supplied,
Evening star., 1926-09-09
MELTING STEEL HIGHER

NEW YORK. September 9 LP).-
Prices Of heavy melting steel are on
a frmer basis in the Pittsburgh dis
trict. current quotations of $3.50 a
ton being an increase Of 25 cents.
Evening star., 1926-09-09
Are You a Sucker:

Too many people put their money
in day dreams and wake mp broke.
Never put your name on the dotted
line until you have inquired of some
enc in your bank what he knows
about some stock issue that 10 Of.
tered to you privately.
Evening star., 1926-09-09
NEW YORK CURB MARKET
Received by Private Wiz, Direct to The Star OAice

however. no attempt was made TO
press the advantage and prices over
the general body Of stocks nuctuated
uncertainty.
Creole Syndicate continued a "a
yorite among South American oils
getting up to 151a on q large turn.
over. Some profit-taking made itself
felt in Carib following its rise OF IN
points. which was considerable for
stocks selling under the $2o-per-share
level. Standard Oils were not as &C
tive. most issues Influenced by tecnhi'
cal market conditions, but with gains
and losses confined to narrow limits.
Public utilities lost q good deal OF
the buoyancy which has characterized
trading in this quarter earlier In the
week. American Gas and Electric
gained more than half a point at inter
walls. United Gas and Improvement al
most a point, but these were excep'
ftNna
Evening star., 1926-09-09
EXPECT SMALL DECREASE.

NEW YORK, September 9 (P).-
Increased production and larger de
liveries by subsidiaries of the United
States Steel Corporation in August
are taken as indications in the trade
that the corporations untitled tonnage
statement for the month. to be made
public at noon tomorrow. will show
a decline, estimated at less than 100,-
900 tons. compared with an increase
Of 123,8S0 tons at the close Of July.
New buying. however, was reported
to have been in larger volume than
the preceding month
Evening star., 1926-09-09

NEW YORK. September s.-Fol-
lowing Ia list Of bonds and stocks
traded in on the New York Curb Mar
ket- TODAY:
Evening star., 1926-09-09
WOOL INQUIRY GOOD.

BOSTON, September 9 Especially
Good inquiry for medium grade woods
developed today in the wool market,
with buying from the knitting trade
a factor. Fleece woods of Ohio qual.
ity are held by dealers at about As
cents grease basis for both three
eighths blood and one-fourth blood. In
quiry Is broadening out for fleeces OF
Missouri and Michigan quality. which
are reported to have sold within A
cent a pound Of Ohio grades.
Evening star., 1926-09-09
Money to Loan

Secured by frst deed Of trust on real estate.
Prevailing interest and commission
Joseph |. Weller 10 s'.s Wash Oh, I; Tra;t M
Evening star., 1926-09-09

NEW YORK. September = LP).-
Bar Silver. 81 Mexican dollars, At.
Evening star., 1926-09-09
Washington Stock Exchange

SALES
Washington RUv. 4 Elec 4s-Sl. 600 a.
s2 j,
Lanston Monotvpe--1o. at eais.
Merchants Transfer Storage pfd.-6
at 1o1.
AFTER CALL.
Potomac Electric Power pfd-e AZ l07 y.
> ~ W. UNLISTED DEPT
Chapin-sacks Ss pfd.-2o At lot.
Money-Call loans. S and Der cent.
Evening star., 1926-09-09
DIVIDEND IS OMITTED.

NEW YORK. september CP).-Ga
lena Signal Oil TO. today omitted the
quarterly dividends OF per cent on
both classes Of old and new preferred
stock due at this time.
Evening star., 1926-09-09
COTTON GOODS QUIET.

NEW YORK. September 2 (SpeciaD.
The cotton goods market turned quiet
today Print cloths We're quoted a
lower for s4Xsos. al - and also for
stx12s. at So Raw silks were firm.