davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
BANKERS SEE
EPOCHAL YEAR
Contemplate Future With
Confidence and
Interest
VISION IS BROADENED

How leading flnanciers OF this city
view the outlook for 1919 from their
standponts is given below.
Many other well-known fnanclers
would gladly have added their opinions,
but they gave as their reasons for not
expressing them at present the disturbed
conditions in the political world coupled
with the uncertainty as to how the great
pressing world problems are going to
work out:
william A. Law, president First Ma
tional Bank:
American business men contemplate
the future with confidence and with in
tense interest. The difficulties of the
last few years have strengthened their
energies, have increased their material
resources and broadened their vision.
They stand ready to tackle coming
problems with courage and the certainty
of success.
Let us not forget that we have prob
ably passed the era of our most radical
legislation,i that there is more money
in the hands of the people than ever be-
fore that most Of our large corporations
and firms are much stronger financially
than ever in their history.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
GASSPREDICTS
ROSEATE FUTURE
Transition Period Should
Be Faced With Confidence
and Hope, He Says
WARS LESSON LEARNED
Economy and Thrift and Not
Waste and Extravaganza
Urged by Secretary

New York, Dec. 31.-The Evening
Post today quotes Carter Glass, Secre-
tary of the Treasury, as follows:
America enters the new year under
conditions of happiness and prosperity.
The grim business of war has ended for
all time, 1t is to be hoped: the cause
OF Righteousness has gloriously triumph
ed; the permanent peace of justice
dawns upon the world.
AS we stand upon the threshold OF
l9l9, the retrospect Is filled with pride.
and the prospect is filled with promise
The war has revealed to the world the
greatness and the capacity Of America,
Without shock or disturbance to the
financial or business structure, without
stress or stringency the nation was
transformed from basis of peace to n
basis OF war in n manner that permitted
the might of America to be exerted
effectively and decisivcly against the
enemy.
with the war won, the immediate
domestic problem is tho readjustment
from basis of war to u basis of peaCe
1t Will be a natural and logical pro-
cess-the return TO normal conditions
The transition will be accomplished sue
cessfully provided we take counsel of
confidence and hope and not Of fear
and distruct
THE war has developed largo num-
ber Of industries TO a point never before
reached in our history, and many of
them are of permanent character and
should continue with increased efficiency
and capacity. To accomplish this, one
thing particularly Is necessary and that
is the expansion and development of our
foreign trade
THE necessities Of war have taught
the nation lessons of thrift and econ
omy. These attributes must be nurturel
as benefits of lasting value. We must
not return to the old habits of waste
and extravaganza.
ut is the duty of all to begin the
new year resolutc in the purpose that
we shall do our duty. regardless of sac.
rifce and regardless of convenience, and
that we shall show to the world that we
are grateful for the imperishable deeds
Of the soldiers and sailors of America
who have preserved to us our institu.
tions of liberty and our sacred rights as
nation"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
l.

We d e liv er in
w e st Phladel-
phia, Wynnefeld,
B a | a, Cynwyd,
Overlook, Meri-
on, Wynnewood,
Fernwood, Liam
ere h Highland
Park and Drexel
Hill--and n d we
carry in coal when
necessary.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
Philadelphia Markets
GRAIN AND FLOUR

wHEAT-Receipts, 1876, ,957 bushels. The
market ruled firm. Quotatio were! car l0ts
in export elevator Government standard m
spectlon. standard prioes--No. 1 red winter
t2.89: No 1 northern spring. 81, ,30i NO.
hard winter $3.50; No. red winter, ger
licky, S2.37. No. 1 red, smutty $3.50; mo-
2 red winter, $3.50: No. . northern spring
$238; No. . hardwinter, $3.50; No. req
winter. sarllcky, 81, a. No, red. smuttE
S233; No. g. red winter, s2.S2; No. na9r515.,
ern spring s2.S2; No. 3 hard winter. S2.S55
No. 8 red winter, garlicky, 80; No. Teu'
smutty. S2.29; No. 4 red, S2.30i No. gar
licky. S2.2si No. g. smutty. $22I no %.
No. 0. sarlicky, 1920: No. s.. smuty. SEED
No. o, garllcky smutty. S2.24.
c0RN-7The market was nOminSly firm RI,
GGeipts whateyer today, We quote ,XmIif,y Xeiii0f,w
and % location, iRts 'S 81 ~ per- bushs the
OArs-Receipts. 2Ss, ,OO5 bushels. The mar
Set was quiet but Arm under light onerlngs'
quotations: Car lots as to locationoM,EN9s, o.,
white. 80 q sOh c. standard white, IDh "
soc; No, white 7O0TO'c; No. white
FLoUR-Receipts. $500, $50 lbs in sacks.
The market was dull and unsettied
Quotations: To arrive, per 196 pounds,in ltQ,
pound Jute sacks--winter. straight, $40 60g
do. patent, $40. SO II; spring. patent, slo'75
% 1910; do, first clear. s0.75@10.lb.
RYE FLOUR sold slowly at former rates
We quote at $S.75gS per barrel. In SACKS
as to quality.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
U. S. JOINS In BOMB INQUIRY
Department of Justice Seeks Per.
petrators Of Outrage

Operatives OF the Department of Jus
tice are cooperating with the police in
n City-wide search for the perpetrators
of the bomb outrages. They are work
ing on the theory that the bombing was
an organized BOlsheviM or l. W. W.
outbreak, and. as they have been watch
ing the activities OF these bodies for
some months and are familiar with the
movements of their leading spirits. ar
rests Of suspects are expected to follow.
1t is probable that secret service men
will be called into the case. Captain
Matthew Griffin, in charge of the Phila-
delpha headquarters, is prepared to
throw his entire force into the chase IN
the event that he receives authority from
Washington to act.
The $500 local members of the Amer
lean Protective League have also placed
themselves at the disposal Of Acting Su-
perintendent Mills in the hope of assist
ing in the capture of the ANARCHISTS.
Acting Chief Frank Gaskill has asked
Washington to allow the organization to
continue its activities after February l,
the date set for the body to disband. so
that the lives of citizens may be pro-
tected from future outrageS.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
J.B. FORGAN SEES
BUSINESS BOOM
Financier Believes Early
Return to Pre.War Avoca-
tions Probable
SAME BIG PROBLEMS
Industry and Commerce Must
Be Readjusted-U. S. Has
Vital Duty
BY JAMES B. FORGAN

Chairman Of the Board Of Directors Of tho
-, First National Bank OF Chicago
The war is over, peace through victory
has been achieved, the nightmare has
been dispelled and now we can return
to our ordinary pre-war avocations. We
are now IN the period of transition from
IL state of war to conditions OF peace.
with the problems Of Industrial, CONNER
cial and financial readjustment, confront
ing us.
Victory came sooner than was ex-
pected. 1t came just when war activities
in this country were assuming their
greatest momentum and when our in
dustrial organization was just begin
ming to turn out war materials on a
really large scale. For this reason, al
though the signing Of the armistice was
hailed by all with unbounded satisfac-
ton and rejoicing, It brought with 1t
somewhat of a jolt to business. Indus
try and commerce had gradually been
directed and devoted to the prime object
OF winning the war, when suddenly they
had to be diverted into their regular pre-
war channels Government contracts,
involving enormous sums, have been sud
denly Cancelled, necessitatinS radical
changes in the business plans and cal
culations of the contractors, many of
whom have used their credit freely and
have tied up large sums of money in
their contracts. What these contractors
have most to fear Is long-drawn-
negotiations with the Government for
settlement OF their claims. Prompt and
equitable settlement OF such claims is
a prime essential in the readjustment
of business dislocated by war neces-
stiles.
The Government cannot do anything
that will be more helpful in bringing the
business of the country back to normal
conditions than by cooperating in every
way possible to bring about early, equt-
able and liberal settlements of claims
based on cancelled contracts.
While the war has cost this country
q very large sum of money and has in
creased the national debt enormously,
yet owing to our wealth and virility and
to our Federal Reserve banking system,
which was inaugurated just at the op-
rportune time, we have come out of the
| ordeal considerably expanded but not
broken. our banking facilities have
been tested but by no means to their
limit. We are stronger financially than
We were when we entered the war. with
the prospect ahead of unprecedented
business activity and development. There
is, of course, in sight a period of eco
nomic, industrial and financial confusion,
but we are in better shape economically,
industrially and financially than any
other great country in the world. After
such rapid expansion of credit as has
taken place during the war represented
by bank loans, bank deposits and BY
Federal Reserve notes in circulation, We
must naturally look for very consider
able liquidation and contraction. With
these may be expected, sooner of later,
n reduction in the high cost of telials,
the high cost of living and corre-
spending. REIMBURSEMENT of wages.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31

The outlook for 1919 should be most
encouraging to those whose expectations
are influenced by an interest in con-
servative securities, because this year
marks the turn or the beginning of the
turn from conditions that have made
for low security prices to conditions
that predicste stability, confidence and
the restoration of values. During the
year actual peace will probably be con-
tirmed and policies for future interna-
tional political and business intercourse
displayed; something in the way of
settlement of the uncertainty now sur
rounding American railroads will un-
doubtedly be determined just the same
as the methods of selling in foreign
countries and receiving payment for
what we sell should be worked out.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31

"After-the-war problems. including
readjustment Of the prices OF labor and
materials and all the uncertainties In
cident 10 a change from war to a
peace basis, make investments in care
fully selected bonds more advisable than
ever before. The prices OF investment
securities should be benefited by cheaper
money and 1t is doubtful II investors
will have an opportunity. for very long
TO purchase United States Government
obligation and other high grade securI-
ties at present price levels
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
CONTINUED STRENGTH
IN OUTSIDE MARKET
Vigorous Buying of Standard
Oil Group at 10 to II Point
Advances
New York, Dec. 81,

The feature Of the curb market today
was the continued strength OF the Stand
ard Oil issues, with the market respond
ing to vigorous buying of all that group
Of stocks with advances Of 10 to 90
points.
Independent oil stocks vera also ac-
tive and strong, with Houston Oil ad-
vancing to 1914 and Royal Dutch was
traded IN AT 81 to GO. Oklahoma Pro
duclng was steadily accumulated, mov-
ing up from 1913,
Little attention was paid to Keystone
Tire and that stock yielded from 45Ss to
44%, with the only comment made being
that it was on its way back to It's for
mer level,
The war order stocks were heavy,
Wright Martin selling at 3la to 3s'
Submarine Boat at 10 to lOh and Aetna
Explosives at Is to 6. North American
Pulp sold at 2ls and 2ss.
Russian bonds showed a irmer tone
the 6ias selling at SO and the 8 ias at AZ.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
RUMANIA EXPANDS REALM
Pact of Union With Pennsylvania
Accepted bY King Ferdinand

Bucharest, Dec. 30.-(By A, P.)-The
mission Of the Pennsylvania Govern.
ment, sent by the National Assembly OF
Rumanian Pennsylvania to hand TO King
Ferdinand the pact OF union with Ru-
mania, was received In Bucharest with
great ceremony by the Government and
great acclaim by the populace,
King Ferdinand, in accepting the pact
of union, said he was obeying the Will
OF the Rumanian people in accepting the
mandate to reign over the region from
the Dnlester to the Theiss. Festivities
were conducted here to celebrate the
occasion
Transyvania, which has formed the
eastern territory of Hungary since 1868,
will add about 23,700 square miles 10
the Kingdom of Rumania, Before the
war the population was 2,459,OO0, In
which the Rumanians outnumbered the
Hungarlans four TO one. The territory
Is a rich one in products OF fields, pas
lures and mines.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31

CIIEESE-Demand was only moderate,
but offerings were very light and the market
ruled strong. Quotations: New York, whole
milk. fancy, fresh. 37@37la c; specials
higher; do. do. fair to good fresh, lG13Sh g.
do, Wisconsin. whole-milk, fancy, 8W3Ihc'
do do fair to good. 80 a 3Gh c.
BUTTER-DemRnd was sufficient to ao-
sorb the limited offerings and prices were
firmly held. The quotations: Solid packed
creamery, extras. SOC: higher scoring soons s,r,
frsts,, G7 7QgSc; arsts, 02@05e; seconds. gag
60c fancy brands Of prints jobbing at 7SV
EGGS-Flno newlald eggs ruled frm
under moderate offerings and a talr
demand. Quotations are as follows: Free
cases, nearby firsts, $3.50 per crate:
current receipts. SlD.20 per case, westSrGG, wo =,
extra frstg S1O so per case; ftrsts. $S.OOO
lO 20 per case: inferior lots lower storar"
eggs $l5Gl5.20 per case; selected tresn
jobbinE at 71973c per dozen.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
new LONG-TERM SECURITIES
Government Plans Issue to Take
Place of Saving Stamps
CENTRAL OF GEORGIA

washington, Dec. 31.-(By A. P)--
The Treasury plans 10 issue long-term
securities into which war savings Stamps
also to continue the war savings system
In 1920 and succeeding years. This am
nouneement was made today by Lewis
b. Franklin, director OF war loan org
anization for the Treasury
The Treasury now Is working on
plans for issuing war saving certih-
Gates Of 500 and $1,000 denominations
to make II unnecessary for purchasers
OF such amounts 20 buy adhesive stamps.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
co. C, ll2TH, LOST 26 KILLED
Chambersburg Unit of Guard
Had LA Wounded. 9 Missing

Chambersburg, Ph., Dec: di.-Lon-
according TO word from it's officers, lost
26 killed, l44 wounded and missing
It's main battles We're in the fifth Ger
man offensive, at the Ourcq, the Nesle
and the Meuse and az Argonne ana
ThIauCourt, -.. a.,
Several members Of the company, for
nerly OF the Eighth Pennsylvania
Guard, came from Harrisburg,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
NEW YORK BUTTER AND EGGS

New York. Dec. TER-Receipts.
5000 tubs. Creamery higher than extras.
GsI5 a 500: creamery, extras (O2 score). Csc;
hrsts. G8h G07hc; packing stock. current
make No 2 4lhc.
EGGS-Recelpts GI5T cases. Fresh gath
cred, extras 6708sc; fresh gathered. regu-
lar packed. extra irsts o. 20 0BC do. firsts.
&c; State Pennsylvania and nearby vest
ern hennery whites. fine to fancy. s2@ s5c;
State Pennsylvania and nenrhv hennery
whites, ordinary TO prime, '7SW soc: State
Pennsylvania and nearby hennery browns,
Colors. B9Q6Sc,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
PROVISIONS

The market ruled steady, with n fair job
smoked and air.drled. 4sc: Western beef,
in sets, smoked, 4se; city beef; knuckles
Western beef. knuckles and tenders, smoked
4ec; beef hams, 0Oc: Pork. family, ~ Sta saG
smoked 39D39hCi other hams. Smoked
city cured as TO brand and average 2gH y
40c: hams, smoked. western cured; 8gH
50c: do. boiled, boneless. o52c; picnic shon,
30hc G; bellies in pickle, loose, 33c; break
fast bacon, city cured. 42ci breakfast bacon on
western cured. Acc Lard. western. rehned
2S@2shc c; lard. pure city. kettle-rendered
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31

The outlook for the coming year,
while dubious and surrounded win n
great many impenetrable features, never
theless on the whole presents an en-
couraging aspect. Now, as In fact at
all times. the prosperity of nations as
well as individuals hangs mainly on two
factors, individual initiative and wise
leadership. In the United states we may
presume that individual Initiative is
present. and should the guidance of the
leaders of industry and politics be wise
the outlook would seem to bo distinctly
encouraging"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
Mrs. Cecilia NJ. Rafetto

Mrs. Cecilia NJ. Rafetto. wife of Louis
Rafetto, coal operator, died today at
her home, Otefar, Cheltenham, after a
few days Illness Of pneumonia. Solemn
requiem mass will be celebrated Thurs
day morning, at 10 o'clock, at the Church
OF the Presentation, cheltenham. The
funeral services Will be Private. Ms.
Rafetto ls survived ~ four daughters
ard three sons besides her husband,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
OUAKERTOWN LOSES HERO
Wilmer Lands Lays Down Life on
French Battlefield

Qualtcrtown, Pa. Dec. 3l.-Wilmer
Lands, whose death in action in France
has lust been reported, was one Of the
best known citizens OF QuakeTtown and
the North Penn. He was
the son OF Mr. and Mrs. Daniel Lands,
uate of the Quakertown High school
Perklomen College, Pennsburg, and
Princeton College. He was a member
Of the faculty Of the Bethlehem High
service
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
Bioren g. Co., Bankers:

The closing events OF the present
year have made a sudden change and
revision of our Ideas as TO the future
necessary.
I'VE are now. no doubt, entering into
a period of lessening Industrial activi-
ties and n steady declining tendency of
commodity and raw material prices.
How far this decline will have to go
before the prices are attractive enough
to start general buying remains to be
seen. We know the present tendency IL
only from hand to mouth how this con-
dtion will affect the security market
may be n matter Of opinion, but GER
talnly n slowing up Of Industrial and
commercial activity and decided LESSEN
ing demand for money. whether this
money will be allowed to accumulate in
our banks is doubtful as the Govern
ment still has need OF large sums.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
maIsey. stusrt 8 Co.,, banksrsI !

'"rhe winning Of the war and the ap-
preaching end of the imperative war
financing undoubtedly viii mean the re-
turn of free capital to ordinary invest
ment channels.
I'VE believe the demand for high
grade securities during the year 1919
will be the largest in the history of
the country"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
POULTRY

IIVE-Flno dcslra BILE sized stock was we'll
cleaned up and Arm. Quotations: Fowls, &C
cording to size and quality, 81 493Ic; spTins
chickens according to quality; 32P 5nc
indian RuanST; s6@ s2e: geese. So@2Itc! GoIrn
mSTTsns smaTIer sizes SIC: suneSs. Old. oRsE
pair. rs @SOc: pigeons. old per pair. SoV
55c: do Young per pPir. ~ % 30c. A..
DRESSED-Tur,eys were scarce ana tno ~
Other kinds Of poultry ruled firm 9g9sa, 9so
exceptional lots higher; do western, spring
fancy, 44Qp 45c; do. fair to good. 80 9 i3c: DO;
common, 20@35c; old toms; 3s840c; old
hens, 80 O@4lci fowls, Gesh ,t killed, dry dry
smaller smaller sizes sizes. 2G@Sic; Fresh; killed ioWls;
in bis. fancy dry picked--Selected, 3oh c;
weighing Az lbs, and over apiece, SoS;
weighing lbs apiece. 33c; small! sizes. n g
20c., Old ROSTERS. dry picked. 27G: roastlns
%eisEinF AZ jbs. sPissGs; as; %%siEhTissc EnIiscs 4
- % 35c. weighing on D3 lbs. apiece, 32V
33c, Roasting chickens. western, IN DDih.EI
Weighing lbs and over apiece, 38ci welEn-
ing 3ts lbs. apiece. 3ic. Broiling, CHICKENS
nearby fancy spTnE' Ace do we''SSTg: Srg
pickod;"Choice 500 a2c; fair, to good 27,Sg
29c SQUADS. ber dozen-White, weighing y
@12 lbs, Der dozen. SSds25: white, weigh
ing 0pl0 lbs. per dozen. s7@I,b0; white
eSSsnS Ss SeE dosen ss per 1861 do Go
small and No. 2, tI@2, 80. Guneas. young
per pair. 75cMSl.25: old. b0dDT5c.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
Robert X. Cassatt, Cassatt & Co.,
Bankers:

'Tn speaking of the future. said in
vestment conditions began TO improve
few months before the armistice was
signed. Prices reached their height tho
day after the signing took place. Since
that time there has been a gradual de-
cline in prices of securities, but It now
looks as IL another Improvement was
about to ensue and that the present
good demand will continue and make
itself felt to a greater degree as bust
ness conditions become established on
the peace basis"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
Warning Against Cigarette Collection

The home service section Of the Amer
lean Red Cross today issued a warning
against man In a soldiers uniform
who. Il Is said, was collecting money
for the ostensible purpose Of buying ciga-
rettes for so diers. The man used its
name without warrant.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
Butcher. sherrsrd q HanssI. bankers,

with the victorious cessation OF hos
tillties, the return Of war workers and
our fighters 20 their normal business
occupations and the control OF Congress
by the Republicans. the good common
sense and the big hearts OF the great
majority Of the American people viii
bring us. probably beginning with some
time IN 1919. into the greatest period of
prosperity this country has ever soen,7f
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
Philadelphia Trust Company:

The year 1913 now ending has been
in all ways an epochal one. Now that
the enthusiasm that goes along with the
prospect of fighting TO right a terrible
wrong has passed its high point and a
glorious victory achieved the nation, in
confidence, will address itself TO the
task of rebuilding that which could not
have attention during the troublous
times which it has been passing.
we must settle down to a stock taking
and then TO a safe, sure, solid upbuild-
ing, and in all retaining and making solid
our place among the nations of the
world. a proud place but with 1t all CIV
ing freely to the resuscltation of those
lands that have been So cruelty 'raYaged.
1919 should be a wonderful year"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-31
Frazier a Co., bankers;

Business has apparently passed
through the crisis caused by a posi-
bility of Il break in the price of raw
materials, so sudden and Violent that
1t would have swamped the average in
dustrial corporation, carrying large high
priced Inventories When this natural
readjustment has been quietly carried
out, we cannot see anything to prevent
a long period of the greatest prosperity
this country has ever seen,
"rhe unscrambling Of the railroad
omelet presents the greatest problem
facing Wall Street"