davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
New York. May 16.


largest
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Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
New York. May 16


In sharp contrast with the declines Of
the previous two sessions, the cotton
market today scored net advances OF 25
to IS points. At times there was very
strong tone, caused mainly by talk of
peace and reports OF unfavorabe crop
conditions In the eastern belt, but active
realizing and selling by some bears
operators. who apparently believed that
prices had gone high enough, caused a
drop Of about so points from the top.
Reports of an improved demand for
low grades and the appearance OF
little trade buying helped the early ad-
vance Another factor was the strength
of New Orleans, which led to arbitrage
buying here by houses with New Orleans
connections.
on the whole. however, the advance
seemed TO reflect the technical position
and after showing net gains OF about
as to 46 points, the market turned
shade easier with later fluctuations
irregular.
The bulk of the buying on the early
advance was attributed to covering, and
while the more urgent demand appeared
to have been supplied. local brokers said
there must still be large short In
terest outstanding.
The weather was considered very IA
yorable all through the belt. including
seasonable temperatures everywhere.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
INCREASED DEMAND FOR STOCKS
DEVELOPS IN THE CURB MARKET
Although Recessions Occur. There Is No Weakening
Tone--War Stocks the Leaders-Curtiss
Aeroplane Unusually Active
New York, May 1s.

Trading volume the Curb all through the day with
although
157s Wright
unusually selling 81
20
higher Midwest
pomn Of independent ia 9
ahoma rroduc tme,
~ ia
10
and a Q.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
MATURlTIES IN JUNE SMALL
War Finance Corporation Will Not Ad.
vance Large Sums

New York, May 16.--The war Finance
Corporation will not be called upon to
provide for many corporation maturities
in June. as the number falling due and
the aggregate amount are comparatively
small. Total amount OF maturities in
June Is s3l.43o.sio, as compared with
ss3,iis.49O in May and $50 23i,sli in
June. 1917.
The largest amount maturing Is in
the public utility list, slI.395.Goo In
dustries are second largest, sl1,2oo,250
and railroad issues coming due figure
at Ss,s2i,990.
The largest item in the railroad list
is the Puget Sound and Wilapa Rail
way 3 per cent trust certificates for
81 500, 800, which come due June |. This
company Is a subsidiary of Chicago.
Milwaukee and st. Paul Railway Com
pany, which guaranteed principal and
interest on the notes. Responsibility
for paying off the notes will come upon
the ailroad administration, and is
likely that Director General McAdoo
will again demonstrate his ability as a
fnancier by inducing some bankers to
extend loan to this company for re-
funding purposes as he recently did in
the case Of the New York Central Rail
road Company.
Union Depot Railroad consolidated G
per cent notes, due June |. for $500. 900.
are the largest important issue among
the public utilities This company IL a
subsidiary of United Railways Company
of St. Louis, whose president is now
in Washington for the purpose Of reCk-
In aid from III" War Finance Corpora
tion to save the corr -Dany from receiver
ship Commencing June I the United
Railways Company of -. Louis will
charge siX-cent fares on its lines.
At the end Of the year II must show
cause for making this fare perma-
ncnt.
Another company which may seek
Government aid Is the New orleans Rail
way and Light Company, whose 6 per
June |.
Among the industrials, the most inn
portant maturity is the per cent notes
81, 900. 900. No plans have been an
nounced for taking care OF this issue.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
BIG MAJORITY OF INTEREST
INLOCAL TRADING is GIVEN
LAKE SUPERIOR CORPORATION
More Than 5000 Shares Change Hands in Active Market
and Price Advances to Another New Top-Bald
win and Midvale Are Strong

Exchange today
largely which yesterdays
than 5000 changed with the de
1874 another high
record off, but
believed that the reaction
NO special forthcoming the continued momentum
prevailed
the street that following that
taken by United States Steel steel nusas
Philadelphia
both
could be quickly
to
this ciai of that had denied
explanation
reliable
in
Of
Philadelphia
changed
adv
renal busne small odd lots
fairly and advanced IL.
much
turne ddovnwa andm mos of he
Ioanbo
higher.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
DIVIDENDS DECLARED

Federal Mining and Smelling Company.
regular quarterly OF ~ per cent on pre-:
May rs.
a share. payable June 20 to stock OF record
June g.
Rittenhouse Trust Company, regular semi
annual Of ~ per cent. payable June 10.
Solar Refining Company. regular semi
annual of IS a share, payable from 1918
Cudshy. Packing Company. regular quar-
terIy of ia per cent common. PAYABLE
June is to stock of record June q.
Acme Tea Company. regular quarterly
able June 1 as registered May 20.
British-American Tobacco Company. an
British tax. on the ordinary shares.
Philadelphia Electric Company. regular
quarterly of IN per cent. payable June 10
as registered May 22. Books do not close.
westinghouse. Church. Kerr a Co.. quar-
teriy Of Ia per cent on preferred and ~
stock OF record June ].
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
Bank Of England Statement

-, LONDON, may 10.
The weekly statement of the Bank
OF England follows: Total reserve f3O,-
os9 s9s mcrease an $4,000 oOG circulation
f61 ,70s,000, increase f73.000; other Sc
curities fl06,552.o 900. increase f9.141 900 !:
other deposits f133,s2o. 900. increase f5.-
crease f3,ss4, 900; Government 'OSU; securi- RI
ties f57.3l6,000, Increase f1,445.00O.
The proportion OF the banks reserve to
liabilities Is now 1920 per cent. against
with an advance from 90 TO 20.42 per
cent in this week last year Clearings
through London banks for the week
were fse2,s7o.ooo. against fss4.soo. 900
last week.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
sTANDARD OIL STOCKS
INDEPENDENT OIL STOCKS
MONEY.LENDINC RATES

NEW YORK-Money on call opened
at 5h per cent high. 5ls; low, 5h {;
last. 5Is closed at bh ruling rate. "
per cent
Inactivity continued the feature OF the
market for time funds, offerings are at
a minimum but there has been no indl-
cation OF strain for lack OF supply on
the part Of borrowers. ,,,
Prime mercantile paper is still slow.
with the ruling rate per cent both mere
and at the Interior
Prime bank acceptsnces are un-
changed at ~ @+% per cent on
eligibles
PHILAppLPHIA.-C per cent
time. 6N as per cent Commercial paper,
three TO four months, Sos per cent; SIX
months, 6 per cent.
LONDON--Money on call was un-
chaneed today at az per cent. The rate
Of discount IN the open market for short
bills was sh per cent and for three
months bills was . 9-is per cent. un-
altered.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
FOREIGN EXCHANGE

New Yerk, May 16.--Neutral exchanges
took the lead IN the foreign exchange
MARKET in the early dealings today and
showed general strength IN some cases.
Tcw hjxk dgures on this movement were
eotsbiishsd for Dutch guilders and
frsncs Startling continued steady and
llrs we're unaltered from Wednesday's
6nai level. Business was limited.
6s4SS1 stsriins l.7sh, cables <.7sa.
oixfy ~ hglis. nominaliy. <.7s; ninety
~ SskisS 3. ehschs s.e3.
~ 49, s'| 3. ssssss &C., ~. ~,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
NEW YORK COFFEE MARKET

New York. May 16-There was dull
and featureless opening in the market
for coffee futures Call prices were un-
changed from the previous close and
no transactions were reported on the
call.
II Is believed that local coffee mer-
chants have not made offers to the
cash delivered as they claim this price
to be too low, that the last cost and
freight offers received here We're 1020c
for Santos is and adding carriage and
handling. 1t is figured that 10sc would
be nearer the true value.
The local spot market continues quiet
and UNCHANGED
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
Federal Call on State Banks

Board called
which
Of Of the
fol condiio o h
tho
ton o
made to Banks
make
Tonopat Belmont Development
March addition
April of 34so
in
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
Extra Dividend by Globe Oil

New York. May lG. - The Globe OH
Company has declared an extra dividend
OF l per cent in addition TO the usual
monthly dividend of " per cent. with
the suggestion that the extra dividend
check be used for the purchase of Gov
ernment thrift stamps. Dividend Is pay
able June 10 to holders of record Nav IS
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
Cotton Buyers and Sellers

New York. May 10 May-Hartcorn
July-Brooks. Rountree and Segal
bid Keiffer, Hubbard. Lester. Schley,
Weirk. Hagedorn and Russell offered.
October = Mitchell. Hubbard and
youns bid; Hyman. Downs. Gumeons.
law and Watkins offered,
Deccmber--Nixon. Mitchell. Hartcorn
and segai bid; Hagedorn, Montgomery
M |JAnusry-Hsrtcorn bid Newman ana
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
Liverpool Cotton

Iiv.rpooI, May l6.-Spot cotton was
ouiet today with prices weak at de-
cline of is points. for middling. old
Contract, at 2i.56d. The sales were
1000 bales. The receipts we're 1000 bales,
none American. Futures were steady in
the early dealings. Old contracts. spot
prices. were: American. middling fair,
s2.7Sd: good middling. 22.01d; middling.
2i.66d, low middling. 21.02d good ordi-
nary, 2O.O2d ordinary. 19.b0d.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16

TURNOVER OF STOCKS ON NEW
YORK EXCHANGE Is LARGEST
RECORDED IN MANY MONTHS
Sales Total Above 10000 With Many Issues Scoring
Big Advances-Baldwin and Other Steel
1ndustrials Assume Leadership
HiQh Points il, Today's Financial Neus

YORK stock
totaied f00oo
Bust
erchnnoe
Cambria steel Bar unchanged in Neo York and
Iondou
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
COTTON PRICES DROP
ON ACTIVE REALIZING
Operators Apparently Believe
Prices Have Gone High
Enough and Unload

COTTON BELT WEATHER CONDITIONS
New York. May I6.-The following tenn
peratures were recorded In the cotton belt
this morning; =.
Fort smith md Knoxville. 80; okla
hoina. Little Rock and atlanta. 62; Shreye-
"osa. NASHVILLE. Augusta, Thomasviilr.
Sayannah. Wilmington ard T:mpr. 81;
Abiiere. Memphis, Meridian and Macon.
Orleans and Jsrksonviile. 20. and Corpus
Christi and Galveston. -.
atlanta. .O6 1T Augusta md Wilmington.
OF at Thoma sville snd 20 at savannah.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
wbes, Flour Ou,pu, Decrease.

apos ~sssa our ray output last week Mnas de-
creased $3.50 barrels. The mills made,
week ended May H., 1890 barrels,
against 36S,340 In 1917. Today nine
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16

Auto Lighting Companies May Merge
New York. May l6.--Rumors are In
circulation of a probable merger Of the
United States Light 4 Heat Company.
or two other concerns and II IL stated
that an announcement is expected short
lxr
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
Ohio OiI Company P.y. Es,r.

Company today declared the usual quar-
tsrIy dividend Of .t1.26 q share and In
extra dividend Of ll.7t . share. both
esyss's 9s:;s 2s9s 9sis e 4. sSi's s s'2:s 2x
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
Financial Briefs

April gross OF the Cities Service Conn
pany were S1,8S5,750. against 81, l,609.OI3
the same month last year. or an Increase
of s276,737. Net for the month in
creased s27o,372. Twelve month gross
increased s5,76s:7s5,. with net for the
period gaining s5,e6i.5s3.
The New York Subtreasury gained
$4,000 from the banks yesterday. maxi
ing cash net gain since Friday OF
The Nevada Consolidated Copper Com
pany reports for the quarter ended
March 81 earnings Of sf70,sOs. against
deficit. after dividends and deprecia-
lion, of fi.6ss,3s7. against a deficit of
SA26,3b4 In the quarter ended December
~. 1917. The production Of copper in
the quarter under consideration amount
ed to l1.ts6.l64 pounds. compared with
22.163.i6s pounds in the December quar-
ter.
The first sale Of stock of the Liberty
Title and Trust Company. since the name
of the company was changed. was made
at auction yesterday at 1os This Is a
new high The previous top was lo2h.
The sugar trade, including sales de-
partments Of all local refners. win be
closed on Saturdays during the sum-
mer commencing June I.
Tobscco Co. Would Increase Stock
New Yesk, May ls,--The stockholders
of the Llggett 4 Myers Tobacco Com
papy will b asked 20 authorize 81 49,.
S1aes ~ sssR Ss||s1 q
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
PHILADELPHIA INACTIVE STOCKS

Following are quotations for inactive
stocks listed In the Philadelphia Stock
Exchange and In which there were no
transactions today. The price given is
the last previous close:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
PART FAILURE
STATES WHEAT
- in Southeast Advised
- Replant With
Cereals
HarpisburG. NAV IL

Di9-May bulletin Of the State
Hont Of Agriculture makes un-
- predictions as TO the wheat
eoutheastern Pennsylvania. In
lancaster County. II is sug-
NJ some land In wheat which Is
Using be put into buckwheat.
ared that some parts ofs Lam
1oster. Delaware and Mont
ounties win not have go per
~ average yield for ten years.
DoFt IL made by J. Aldus Herr.
nnselor. who says:
0elds are the exception In the
Des an acreage In Chester and
certainly should not be left
oers the rotation will suit, Do
eorn might be planted with
and yield n fair crop on
Ut otherwise would not be
@psting.
where buckwheat is adapted
1(ions It would be well to sow
1Wlo1ng portions Of the fIeId
= good crop Of grain which
I1luable substitute for wheat
~ corn u quite q vafuabI
~ ~ planted In many Of
occG. aqd there generally
1ykgk when the corn II In
- gtage; the crop could
= tlme to seed the ground
~ TALL Another valuable
och nsglscted. u broom
~ en- well recall the time
0ycH broom corn for Ms
] bolIovo. to be rood
D1InlIy - the price Of
Gou14 - planted 10 poup
vl1pabl6 asset In III
~ 0Q1uAp4 (oy beans for
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
BANKNCLEARINCs

Bank ciearinss today compared with cor
responding day ls,s is,,s two s,,snr1;I EAR ,s,a
sr'if r f.si HERE ss @ .ssss;ss
boston Mss29!2 1o,cse'oss ss'ses.o4e
st'fiHss: st IsSi. s issifo:s asiilse ses is.ili.is4
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
INACTIVE NEW YORK STOCKS

Following are quotations for Inactive
New York stocks ana in which there
were no transactions today. The price
ciyen is the last previous sale:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
Chicago. May 16.


Business was much smaller in volume
In the corn market today. There was a
scarcity of offerings in the early dealings
and the tone was strong, with scattered
commission houses buying.
IL was estimated that the receipts
would be small. probably seventy cars.
and this caused some unea siness among
shorts and led to a fairly good covering
movement. The cash market, which
showed quiet disposition, displayed "a
strong tone.
May opened at si.277s, which was tho
highest, and closed at si.27a. bid. the
lowest. unchanged. July started at
Sl.43s the high was $144N the low.
sl.44 y the close, s1,4l7sml,4i com.
pared with sl,43h yesterday
The market for oats generally moved
In sympathy with corn Although busI-
ness was light, a scattered demand in
the early dealings held prices fairly
steady When the decline In corn started
pit traders offered oats down with an
increased volume of trading in evidence.
May opened at 1880. went to 1880
and then dropped TO 75hc The close
was 75A 975%c, compared with 75Io
yesterday. The start on July was 6Tc
The high was 67Ac, the low 65hc and
the final. G5S Q65Bc. compared with
6tsc yesterday
Leading futures ranged as follows:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16

Total sales, S;.S60.000, compared with
S7.717.OOO yesterday; thus far this week
$50, ,226,o ,o00i same period last week, si3.-
ii5,tJ0.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
RAILROAD EARNINGS
Refined Sugar Unch.nged

New York, May 1g.--Rshned sugars
are UNCHANGED At 7.l6c. The vodoT6I
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16
BUSINESS Is SMALL
IN THE CORN MARKET
Uneasiness Among Shorts
Leads TO Fairly Good Gov.
cring Movement

GRAIN BELT WEATHER FORECAST
chicago. May iG.--IIllnois and Missouri
Fair toniEht and Probably Friday,
clondy. ' '"'
,Minnesota-unsettIed tonight and FRI
day. probably shOWerI
I0wa-t;enerally fair and continued
warm tonight; Friday unsettled.
North nnkota-Probably showers to-
-, south Dakota-UnsettIed md cooler to-
Nebra skn--ProbabIy sbover. ,o,t.ht
and Friday. s"'
cloudy. ' '"'''
Montana and Wyoming-UnsettIed to-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-05-16

Total sales. .747.G0O shares. compared
with I,1:8. 100 share, yesterday thus far
this week, 5,27I 900 shares; same period last
week, 2,3f5, 800 shares.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-01-04

"ontinucd from Page One
snow. Railroad police hurried t. the
scene. but could find no trace Of the van
ished anthracite, as every scrap had
been carefully secreted.
The Fifty-sixth and Woodland avenue
police station was notified. but by this
time the raid was over. and il was an
impossbilty to apprchend II single Of
fender
To the kindness and generosity Of the
Brill Car Company, SiNtieth street and
Woodland avenue. through its general
manager. j. W. Raul. hundreds of per
sons living in the vicint yof the inter-
section of Fifty-sixth street and Wood
land avenue were furnished yesterday
afternoon with a supply of wood sur-
ticient to last them for many days.
Using its own motortruCks. the com
pany hauled ten two-ton loads of wood
t. Il vacant lot at SiXty-seCond street
and PasChall avenue and placing 1t
there in convenient piles, notified Lieu
tentant Ewing, of the Fifty-siNth street
and Woodland avenue district. a detail
of police was sent to the spot and the
neghborhood was then invited to help
| itself" 1t did. In less than half
hour there wasn't so much as IA splinter
! left Ii bags. in baskets. in express
carts. in anything that h Ids wood, water
or coal the precious fuel was cartcd
| to waiting stoves and bins. The crowds
were most orderly and the police had
no trouble handling them. Some of
/ the foreign-botn women Of the district
even resorted to the custom of their
country and carted bundles Of wood
away ON their heads.
Four car loads of coal have been Sc
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-01-04

I. &. similar to meetings held with other
local rendering concerns.
English admitted that he met Robert
son In New York In July 1917. and
there they agreed that they should lower
the price of fats here and stop the fight.
He also said he was to come back and
put the matter up to captain W. S. Hill.
manager of the Shoemaker conc>'n.
who had been approached several time",
according to his testimony yesterday,
by Robertson on the subject of lower
ing prices and getting into line"
Mr.. English said he thought Captain
Hill had refused to enter the combine
on lowering prices. Mr.. Heney then in
troduced into evidence "a letter from
Robertson to Hugh j. Murphy, the Phila-
delphia representative of the A. A. e. c..
which contained the following para
graph:
MY not hearing from Mr.. English
would indicate, that your Philadelphia
friends want to go ahead with the fight.
which. being the case, | think you want
to train your guns directly on NJ. l.. s."
Captain Winfield $. Allen. n former
sea captain. and now general manager
of the NJ. l., Shoemaker Company. Ltd.
of Philadelphia, who yesterday in pic
turesque fashion described how he had
been bounded and threatened by agents
OF the American Agricultural Chemical
Company because he refused to join Il
combine, arrived carrying a package
containing papers and records. lie
brought several drivers today to testify
that trucks of his concern had been
trailed by secret agents of the combine,
This. according to Captain Allen, oc-
Cured after he announced that he would
rather die hard" than join any COM
hine
Among the spectators who appeared a.
todays hearing was Hugh j. Robert
sor. president of the A. \. c. Company
Robertson, according to Mr.. Heney. re-
ceives a salary as president of the fl. m
while the real brains of that concern is
some one else.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-01-04

II is stated at the Offices of the Board
of Education. Water will be drawn
from all OF the pipes of the building and
the heating systems will be taken care
Of to prevent freezing and bursting of
pipes. 1t Is reported that the Govern
ment has Communicated shipments of
soft coal intended for Philadelphia
schools, and that these schools will not
be able to reopen unless soft coal can
he secured.
Police OF tho Thlrty-sIxth District
Police Station. Germantown avenue and
l.ycoming street, are beginning to
sympathize with the coal rioters" To-
day they are experiencing "coalless
d y add are keeping warm by can
vassing the neighborhood for coaloll
stoves The slogan Of the station is fast
becoming "A stove IA stove my helmet
for coaloil stove. :"
tsadore Cohen, of 2326 South Percy
street arrested yesterday afternoon for
breaking window in the offices of Il
coal yard at the intersection of Tenth
street and Washington avenue after he
had been told that there was no coal
in the yards, was given "A hearing this
morning before Magistrate Imber at the
Seventh and Carpenter streets station
He paid sl.50 for the window and was
discharged Cohen showed a card stat
ing that his wife is ill.,
Four other men were also arraigned
at the same station on charges of coal
rioting," but were discharged on their
promises not to go near coal cars again
unless permitted.
At the Twentieth and Federal streets
station Magistrate lmber discharged two
men arrested for similar offense, after
they had given their promise not to
raid any more coal ears. 1t Is stated
coal because of his wife and several
children.
The shortage of coal has made many
Of the yards of the dealers look like
vacant lots. Several nave virtually no
coal in their bins, the last of their re-
serve stock being depleted yesterday
From now on all dealers will be forced
to depend ON their pro rata share. The
George II. Newton Company. which sup
/ lies more than one-quarter OF the city's
consumers. has distributed it's reserve
stock of $4,000 tons, and has but a
few tons left.
Beyond appealing to Washington for
relief the administrators here have or
dered six large upstate Colleries to ship
here all the coal required of them and
ere considering the closing of places not
regarded as wartime necessities They
may order six lightless nights for the