davidaulloa/AmericanStories huggingface dataset:
Evening star., 1926-06-01
CHICAGO LIVE STOCK MARKET

CHICAGO, June 1.-(United States
Department of Agriculture).-Hog
Receipts, $4,000 head: fairly active.
strong to mostly 10 higher than yester-
days average; majority. 24O to 325
pound butchers. 13.6Oa14OO: bulk de-
sirable 210 pound down, 14.O5a14 80:
top. 1870; packing sows largely, 1880
a12.55; sorted slaughter pigs. 14.OOa
14.35; heavyweight hogs. 1335a14 90:
medium. 13.S0a14.25: light, 13. .4OaI4. 80:
lights4ight. 13.40a14.30; packing sows.
12.15a12.7o; slaughter pigs. 1375a
1895.
Cattle-Receipts, 900 head: open
ing fully steady on most killing class
es, spots higher on weighty steers.
1880 paid for heavies with medium
weight at 1910; few loads, 1000; bull
trade at standstill; veelers unevenly
higher; mostly. IL 200a13.O0 to packers:
outsiders upward to 1875 and better.
Sheep-Receipts. $4,000 head: fat
lamb opening under fair demand. early
sales meaty lambs look fully 25 lower;
few sizable lots upward to 1900; hold
ing best around 1925; asking fully
steady prices on desirable yearlings.
best held at. 1915; few early sales
fat sheep steady; odd lots native ewes
upward to 7.50.
Evening star., 1926-06-01
FOREIGN BOND LIST
D|SPLAySSTRENGTH
Trading Is Quiet in Market
Today-Changes in High
Grade Issues Small.
by GEORGE T. HUGHES.
Special Dispatch to The Star.

NEW YORK, June Prices held
ton of business in the bond market
today. AS on most other days last
week, 1t was the higher yielding Sc
curities which attracted the most at
tention. The foreign group came to
the front and French bonds devel-
oped greater strength. French Is sold
above 90 and French IS above 103,
while French 71as got to 81. These
prices compare with 1926 highs of
103A for the SIS, 917s for the Is and
99A for the TVS.
Hungarian 714s were also feature,
running up to par for the first time
and then reactinG. Mexican bonds
also did better today. the strength
at one time being quite pronounced.
Today's gains came on top of adj
vances running from ! to points
last week.
In railway issues New Haven bonds
were among the leaders. perhaps in
sympathy with the strength in New
Haven stocks. New York. Westches-
ter & Boston 412s at 76 duplicated the
best prices of the year and New
Haven collateral 6s of 1910 were in
demand. Local fractions were mostly
strong. Third Avenue refunding 4s
and New York Railways income 6s
being especially well bought. Oil and
sugar bonds were steady but did
nothing more.
Changes in the high grade invest
ment list We're very small most of
the legal bonds having about discount
ed the money situation. There was,
however, good inquiry for some of
the terminal issues. including South
ern Pacific, San Francisco Terminal
As and Kansas City Terminal As. Both
Armour obligations yielded fraction.
ally. The Real Estate 4las got be
low 81. which was lower than at any
time last week, and the Armours of
Delaware 512s got below SO.
Evening star., 1926-06-01
First Homestead Marked.

A Nebraska State historical monu-
ment has been erected and dedicated
at the site of the original home on
the Daniel Freeman estate. known as
the first homestead entry filed under
the homestead law in the United
States, on land still in the possession
of children of Freeman. 19 miles
northwest of Wymore. or five miles
west of Beatrice. The monument is
formed from stone taken from the
dismantled State capitol at Lincoln
and hauled to the farmstead, and con-
tains an appropriate bronze tablet.
Daniel Freeman was q young man
at Brownvile. oldest town i'm Nebraska,
when the homestead law became eff
fective January /, 1863. Freeman Sc
cured entry No. 1, and on horseback
he rode at night to locate on the sec
ton 95 miles to the west, where he
lived until his death eight years ago
and where the widow still lives, and
six children live in the vicinity.
Evening star., 1926-06-01
BANK CLE:AR|NGS
!si
SCORE NEW GAINS
May Figure Above That for
Same Month Last Year.
Total, S118,968,666.
by EDWARD G.. STONE

Bank clearings in Washington in
May scored q gain over the total
reached in April of this year and also
over May of last year, according to
announcement made by the Washing
ton Clearing House Association today.
Bank Clearings in the National
Capital during May totaled $1l8,96S.-
666.2i, while in April they were $ll5,-
l978, ,408.73. the gain for May therefore
being $500. .257.5l. In May, 1925.
clearings for the month totaled Sll5,-
297 ,665. making the Improvement in
the month just closed over conditions
| during the same period a year sgo of
S3.G71 DOL
Washington clearinSs so far this
wear have now reached total >ot
1857 1925 ,377.92. The May figures re )
veal ii greater Improvement IN total
Cancelled checks over May Of last
year than in April If this year. But
| both summaries are sufficiently large
to show a steady and healthy upward
swing
Evening star., 1926-06-01
SHARES DECLINE
ON PROF|T-TAK|NG
Volume of Business Smaller,
With Rails Irregular.
Oils Strong.
BY STUART r. WEST.

Special Dispatch to The Star.
NEW YORK, June 1.-THE volume
of business on the Stock Exchange
at the start of the week showed a
considerable falling off with the gen
eral price tendency uncertain. Inc
market was entitled to some sort OF
reaction following eight successive
days of advances. Realizing SAFES
came in in sufficient quantities at
times to carry the active lndustrlais
down.
. Railway shares were again con
spicuous in the trading. with the
price movement in this quarter high
lv irregular. Shares of roads involved
in the Greater Nickel Plate System
worked higher. the demand apparent
ly based on expectations that Il new
plan of consolidation would he an
nounced later in the week CheSa-
peake and Ohio and the Old Nickel
Plate were both in demand. Shares
of the Erie Railroad held firm, with
little change IN either direction. while
Pere Marquette. above 81. was up
f,actionally. Special buying came
into the Southern Railways. carrying
the price above rs. where il was up
more than a point.
United States Steel common selling
ex the "a per cent quarterly dlvi-
dend opened higher. but failed to draw
the independents with Il. ReaiiZlng
sales came into the market in the
later trading and carried the price
hack to the Friday final. Gulf States
Steel was about the only other mem
ber of the group to do anything on
the side of advance.
Declaration of only the regular
quarterly dividend on Mack Truck
preferred and common was in line
with expectations in most quarters.
Some liquidation came into the
market from those who had purchased
recently in anticipation of larger dis
tribution at this time. but it was not
heavy enough to bring about any ma
>terial change in prices. Mack Trucks
most of the time We're selling within
d point of the Friday final figure.
General Motors was one OF the most
consistently supported Of it's group
but was little changed. Last week s
price cut, announced hE one of the
leading companies. served to check
anv effort toward higher prices in the
motor stocks.
Oil shares gave good account OF
themselves with the more prominent
issues up half point to point. de-
spite the further increase reported in
the latest figures on domestic crude
oil productions General Petroleum
stood out strongly. and the special
operation which has been going on for
some time in General Asphalt resulted
in a further upward movement. Real
izing sales made themselves felt in
Atlantic Refining, while Marland Oil
gained frdctlonally.
Evening star., 1926-06-01
FOREIGN EXCHANGE.

NEW YORK, June | @.-Foreigr
exchanges steady. Quotations in cents
Great Britain, demand, 486;. cables
4S6k: 60-day bills on banks, 482k
France. demand, 3.26h; cables, 1928
Italy, demand, $50: cables, 3.81.
Demand-Belgium. 3.16M; Germany
$3.50: Holland, 40.16; Norway, 21.91;
Sweden, 26.75; Denmark, 26.37: Swift
Zerland. 1886: Spain. 1907: Greece
1927; Poland, 900: Czechoslovakia, 2.96
Jugoslavia, 1.76%; Austria, 14.125
Rumania, .43; Argentina, 40.125
Brazil, 1910; Toxic. 47.06A; Shanghai
1900; Montreal, 100.O9s.
Evening star., 1926-06-01
Markets at a Glance

NEW YORK. CP)-Stocks irreg-
ular: stiffer money rates matt advance.
Bonds mixed; sugar issues rise. For.
eign exchanges steady: French and
Belgian franc higher. Cotton steady;
rains Southwest. Sugar irregular
trade selling. Coffee lower; easier
Brazilian market.
CHICAGO.-Wheat steady; bullish
private Spring wheat estimate. Corn
easier: disappointing cash deman nd
Cattle steady. Hogs firm and active
Evening star., 1926-06-01
BONDS ARE CALLED.

NEW YORK, June 1 R)-Dillon,
Read & Co. announce that the 1912 900
principal amount of Rheinelbe Union
2O.year z per cent sinking fund mort
gage gold bonds have been called for
redemption at 100 on July 1. The
bonds will be redeemed at that office
or the j. Henry Shredder Banking
Corporation.
Evening star., 1926-06-01
LOCOMOTIVES ORDERED.

NEW YORK, June / LR.-The
Louisville and Nashville has pla ceti
orders for ~ Mikado 162-ton en-.
gines with American Locomotive Co,
and eight lG--ton mountain type en-
cineS with Baldwin Locomotive
Works.
Evening star., 1926-06-01
NEW BOND OFFERINGS.

NEW YORK. June GP-New
bond offerings today exceeded SO, ,000.- =
600, including $f,250,000 Philippine
government Az per cent gold bonds
at l00A and interest. yielding about
4.45 per cent. They are due July IS.
1852
Evening star., 1926-06-01
WOOL TRADE IMPROVES.
Special Dispatch to The Stal

BOSTON. June 1.-The new month
began with some improvement in in
quiry from manufacturers for desir-
able woods, evidently based on the
feeling that prices have reached a safe
level. Secured woods and territory
wools are in better demand with fine
or fine French combing grades chiefly
sought. Good "B" woods are moving
better
Evening star., 1926-06-01
DRY GOODS QUIET.

NEW YORK, June 1.-The cotton
goods market was quiet at the start
of the month. Print cloth quotations
were unchanged at 712 for 64x60s and
81 for 6Sx72s. The raw silk market
was quiet with prices slightly easier
Evening star., 1926-06-01
CALL MONEY STRONG.

NEW YORK, June R).-Call
money. strong; high, 5; low, I; ruling
rate, 4; closing bid. 4; offered at 4A :;
last loan, 5; call loans against accept
ances, az; time loans, steady: mixed
collateral, 5000 days. 4: 4 to months,
4; prime mercantile paper, 4.
Evening star., 1926-06-01
FISHERS PRICE INDEX.

NEW HAVEN. June l (SpeciaD -
Prices, 1926; purchasing power. CSC.
May average. 1922 and 65.7; Crumps'
1885. Irving Fisher, Yale economist,
reports.
Copyright 1926D
Evening star., 1926-06-01
BANK CLEARINGS.

NEW YORK. June New York
bank clearings, $91S.000 900: New York
bank balances. Sill, ,000,0 900; New York
Federal Reserve Bank credits, SOB,
100000; Boston Bank clearings, $50. >.
600 900.
Evening star., 1926-06-01
Local Business improving.

The clearing house figures Indicate
that business i'll She Capital Is mold
ing up well in spite of the com
plants heard in some quartz erS. me
ice men have complained that II has
been too cool to boost their business.
The coal men say il has not been
quite cool enough to boom fuel or
ders. Other merchants wanting Il
rush of sales in Summer goods say
the weather has been too chilly most
Of the time to give their business the
proper impetus. And so it goes.
Many merchants wanted long
drawn-out Spring in order 20 sell all
their Spring goods before hot wave
might force heavy lnarked-dOWn sales.
For them the weather has been Just
right Now they are longing for a
series of hot waves and today's tenn
perature indicates thar these clpthilS
dealers are going to get their WISH
But. in spite of all the complaints
that business has not been what IL
should have been, the fact i bruughT
out by the May bank ClearingS that
business is better than II was lastt
year and earlier this year. !.
The story the bank clcarincs teli
is not to be disputed: they show busi-
ness is constantly improving. TRAD"
reviews state that business in most
parts of the country enters June with
good prospects. Washington IS no
exception.
Evening star., 1926-06-01
CLOSING is IRREGULAR.
Additional RecessiOns Take Place i'm
Late Trading

NEW YORK, June R).-The clos
inc was irregular. Additional reces-
sions took place in the late trading.
A drop of almost two points in Atchi-
son reflected disappointment over the
routine developments at today's meet
ing. while similar declines were regist-
cred by Atlantic Refining, Montgom-
cry Ward. Stewart Warner and Inter
borough. Texas Pacific land trust fell
back 49 points on odd lot sales. Total
sales approXimated $50, 900 shares.
Evening star., 1926-06-01
Speaking of Emblems.

From the Boston Transcript.
IF the olive brancn is the emblem
of peace, father, what is the emblem
OF war;"
The orangs blossom, my. child
Evening star., 1926-06-01
BUTTER Is LOWER.

CHICAGO, June R).-Butter
lower: receipts. 24.423 tubs; creamery
extras, SO; standards. 39h: extra firsts
37l2a3S1a; firsts, 36a37; seconds, 34a35.
Evening star., 1926-06-01
METRO.GOLDWYN PROFIT.

NEW YORK, June l P).-Metro-
Goldwyn Pictures Corporation re-
ports profits of 81 1,465,667 for the -
weeks ended May 8, after expenses
but before Federal taxes.
Evening star., 1926-06-01

Cologne, Germany, Is to have new
rayon plant employing 1000 workers.
Evening star., 1926-06-01
GRAIN AND PRODUCE.

BALTIMORE, June 1 tSpeciaD.-
White potatoes. 100 pounds. 2.O0a4.00;
new potatoes, barrel, e. 5a9.25; aspara-
gus, dozen, 1.50a3.50; beans. bushel,
1.50a2.00; beets, 100, 5.00a8.00; cab
bage, hamper 1.00a1.35; sweet pota-
toes, barrel, 2.5oa6.00; carrots, 100.
6.00a7.O0 kale. bushel, 35a50; lettuce.
basket. 75a1.00; peppers, crate. 2.9Oa
500; yams. barrel, 2.5oa5.50: cucum-
bers, crate, 1.50a3.00; corn, basket, 80
az 90; eggplants. crate, 3.50a6.00; peas,
bushel. 1.25a1.75: onions, Bermuda,
crate, 2.00a2 tomatoes. crate, 3.50a
700; rhubarb, 100, 2.00a400: radishes,
100, 2.00a3.00; spinach, bushel 25a50;
squash, crate. 1.50a3.00; Spring onions.
100, 1.50a2.00; tomatoes, crate, 2.oOa
$50.
Apples, barrel, 225a5.0O; bushel, 75a
$50: cantaloupes. crate. 1.25a3.25,
grapefruit, box. 35oa5.50; oranges.
box. 4.50a7. 90; pineapples. crate. 2.'3a
325; Strawberries. quart. Virginia. Ia
12. MARYLAND 15ao0
Evening star., 1926-06-01

are the annual cash payments based on the
latest quarterly or half yearly declarations.
Unless otherwise noted extra or special divi-
dends are not Included.
Paid this year. no regular rate. b or
optional in stock. 'Partly stock. fPartly
extra. SPayable in preferred stock tPlus
~ In stock payable % quarterly. fPlus
az IN stock payable u 20 quarterly
Evening star., 1926-06-01
Selling Prices at Noon.

Wheat-No. red Winter. domestic,
spot, no quotations; No. . red Winter,
garlicky. spot, 1881.
Corn-Cob, spot. 3.60a3.65 per bbl..
nominal; domestic. No. . yellow. 20
per bushel in carload lot; No. spot.
export. II; No. spot. export, 6S12.
Sale-Cargoes on grade No. white.
No. 2 yellow and No. 2 mixed at 20
per bushel.
Oats-No. .. 81 asked per bushel;
No. 8, so asked per bushel.
Rye-Nearby, 90a95 per bushel: No.
2, export. spot. no quotations.
Hay-Receipts. 20 tons. Under light
receipts of the better grades of tim
othy, choice light clover mixed and
No. / clover hay and a fair demand
for these types. the tone of the local
hay market has been somewhat
firmer lately, and because of the light
supply of the top grades good me
dium grades have also been moving
out more freely.
Quotations per ton today: No .
timothy, 25.50a26. 90; No. timothy
2300a24.00: No. l light clover mixed.
24.50a25.00; No. 2 light clover mixed
21.00a22,00; No. 1 clover mixed. 2400a
24.50; No. 1 clover, 24.00a245O; No. =
clover, 2O.00a21.0O
Straw-No. / wheat, 13.5Oa14.OO:
No. l oat. 13.50a14.0O.
Evening star., 1926-06-01
Insurance School Opens.

The Life Insurance summer Train
ing School, backed by. the District or
Columbia Underwriters Association,
Opened its doors al the Central Y. NJ.
e. A today tor Il session which VIII
last until July 81. The school is being
conducted by DR.. Charles J. Rockwell
and his faculty in insurance lnstruc-
ton in Pittsburgh. pr. Rockwell is
director of the division OF life inslr-
ance craftsmanship in the University
of Pittsburgh and also in the carnegie
Institute OF Technology in the same
city
This is the first time that Il school
of this kind has heen conducted in
Washington. The courses include
the functions of life insurance. prac-
tical life insurance salesmanship.
principles of salesmanship, principles
of life insurance and underwriting
practice, field practice i'll soliciting,
sales preparation and other subjects.
The courses are open TO veteran in
surance agents, as we'll as to those
who are just entering the insurance
field.
n. Z. Ellsworth. president of the
local underwriters association, anu
\. l.. Baldwin, chairman Of the educa-
tional committee. are cooperating
with the instructors to make the SUM
mer session a great success. II Is
timely TO note that i'll the last month
reported by the Research Bureau OF
Hartford, Washington stood second in
the entire country in the amount of
new insurance written. With the ad-
ditional training which many agents
will get, the city may soon lead the
country
Evening star., 1926-06-01
Today's Trading on Exchange.

Prices on the Washington Stock En-
change opened the week today about
where they left off last Friday before
the triple holiday. Trading was In
moderate volume, with the greatest
activity being shown i'll Merchants
Transfer and Storage common.
This stock opened with a sale of two
lots, totaling 80 shares. at llo. Ihe
market then dropped Il point. and two
lots changed hands at III. TWO bank
stocks were out today. 10 shares Oh
District National selling at 10 ami
Second National opening at 2601a Tor
a 1O-share lot. Five shares Of second
National then changed hands at 26Ols.
Lanston Monotype sold at So Cap
ital Traction came out at 103 on L.
share transfer; Potomac Electric Pow
or preferred brought 10I. and one
share of Washington Railway d Elec-
trio was purchased at SSts In tho
bond division Capital Traction 1s sold
at lO1lz; Washington Gas Us opened at
102A and closed on a larger safe at
104.
Company Has $4,000 Employees.
The complete financial report con-
tanning information about the Amer.
ican Telephone & Telegraph Co. and
all the associated companies IN the
Bell System, in 1928, has reached Inc
Stars financial desk. The hgures III
the pamphlet are the same as appear
ed in the annual report, but there are
MANY additional facts of interest to
the stockholders. The report shows
that more than $4,000 telephones
were added to the Bell System during
the last year, making a total OF
16. 72O. 900 interconnecting telephones
throughout the United States and
with an average of over 50.oO0,0OO
toll and exchange connections handled
daily.
On new plant construction there
was expended S365 100000. bringing
assets devoted to furnishing telephone
service to total of S2,39S .0o0,O0U.
The number of persons employed. in
Guiding Western Electric Company,
was over $4,000. u
Hoover Meets Cotton Experts.
Secretary Hoover held a conference
at the Department of Commerce to-
day with 22 Southern textile manu-
facturers on plans for the stabiliza-
tion of the textile cotton trade through
the elimination of waste. The commit
tee also planned to take up later lin
the day better statistical and other
services to the industry.
Pennsy Stockholders Increasing.
PENNSYLVANIA stockholders on May
| showed an increase OF 40I7 over
April /. numbering 141. .504. This COM
Mares with an increase Of 51e in
decline of 1,591 in January, making
net decrease since January l of 221.
The National Cafes. Inc. has de-
clared an s per cent dividend TO hold
ers of the preferred stock. This COM
many operates the LIE Paradis Cafe.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-22

artificial product, whether made at
Muscle Shoals or in Germany, and
will tend to reduce and stabilize ferti'
lizer costs to farmers all over the
country Nitrate prices for the last
six months have been well under
those of the corresponding period of
1925.
Potash still is relatively high in
price, but the drop in ocean freight
rates is calculated to reduce quota
tions on this commodity. which is
largely provided by France and Ger
many. About Is per cent of the
amount needed annually is produced
within the United States, most of it
coming from California.
Phosphates are high, but the ami
NAL fertilizers and fish scrap have not
shown any. marked advances. 1t is
held among fertilizer men that even
wider crop diversification in the
South as a result of restrictions on
cotton acreage will not obviate the
use of large quantities of fertilizer
in 1927.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-22
FERT|LzERPR|CE
DECLINE FORESEEN
New Nitrate Process Is Used
at American Smelling and
Refining Plant.
RY L G. R1NIE.

special Dispatch to The star
NEW YORK, December 22.--Sub-
stantial declines are anticipated IN
the prices OF chemicals which go tC
make UP commercial fertilizers. ac-
cording to some chemists. This fact
should bring encouragement, espe-
cially to the South and some parts OF
the West, which did not enjoy liberal
returns from their 1926 crops.
One of the factors calculated to
bring the cost of proper fertilization
of the soil to more moderate figures
is the Inauguration of operations on
a commercial scale at the American
Smelling and Refining Co.'S Coya
Norte nitrate plant on the Chllean
nitrate pampa. This plant represents
the results of 10 years study on the
part of the Guggenheim engineers
into the possibility of employing
teaching methods for the extraction
of sodium nitrate from the rock as
mined from the ground.
Cost Is Reduced.
Their work has now progressed
through the complete cycle OF laborse-
tory investigation, small scale deNei"
opment and commercial production.
The engineers developed cold leach-
ing process which cut a large amount
from the cost of nitrate and which
gives an extraction of better than 80
per cent and of 96 per cent purity.
1t was discovered that in the raw
products mined at Coya Norte the
potassium and magnesium ions. those
elements thrown off under electrolysls,
If maintained in suitable concentra-
lions in the leach solutions. would
prevent the formation of insoluble
double compounds which take up part
of the sodium nitrate. These 1nSolu-
BILE compounds hitherto had prevented
satisfactory extraction.
In addition it was found that by
increasing the concentration of these
stabilizing ions, the sodium nitrate.
sodium Sulphate compound already ex-
listing in the raw material could be
broken down, freeing the nitrate and
tying up the sulphate with the stabil-
izing iron. Also it was found that the
solution in the crystallizing process
could be cooled to "a much lower tenn
perature without depositing the sodi-
um sulphate with the sodium nitrate.
Other Fuel Unnecessary.
The process was developed to such
an extent that the heat generated by
the chemical action itself made other
fuel unnecessary, except to operate
the power plant. In addition the COM
pany equipped the Coya Norte plant
with the most efficient of labor saving
machinery for mining and handling,
and thus further reduced the costs.
The dependence on Chilean nitrates
has been continually emphasized in
this country since the development of
the artificial nitrate plants at Muscle
'Shoals was begun. The reduction in
the cost of the Chilean nitrate will
bring it in direct competition with the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-22
PEARCE TO HEAD FIRM.
Will Be President of Merged Palm
oliva-Peet Co.

CHICAGO. December % R).-
Charles s. Pearce of the Palmolive
Soap Co. win become president and
general manager of the Palmolive-
Peet Co. upon completion of the mer-
ger of the two firms, stockholders OF
the Palmolive co. have been in
formed. a. w Peet will be named
chairman of the board, which will be
enlarged from five to seven members
Factories at Milwaukee and Kansas
City and business offices will be main.
tanned as at present.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-22

of $40 1881. as compared with the
corresponding month of last year, ac-
cording to the monthly statement.
Operating expenses amounted to
SS26 1880. an advance of $9,5SS34,
and net income of 95.075.69 was
$3,279.50 ahead of November. 1926.
Passenger revenue of the utility for
the first eleven months of this year
amounted to SIS .023, 5000. a gain Of
S74 ,283.29 as compared with the like
period of last year. Net income was