davidaulloa/AmericanStories huggingface dataset:
Evening star., 1919-11-09
STEEL IS NOT AFFECTED
/ BY COAL STRIKE YET

NEW YORK. November S-Thus
far there has been no appreciable eff
feet on the steel industry because of
the walkout of coal miners. Produc-
ton is being maintained at higher
levels and. aside from the fact that
many mills are booked up, the trade
here is running smoothly. Prices are
steady at the advances for prompt de-
livery, but forward business is still
ent inquiries for rails are estimated
at around half a million tons.
Export steel interests have moved
to withdraw from taking foreign or
ders for light and unfinished prod
the booked-up condition of their
mills. Little export business was
noted last week aside from an order
from British India for 10000 tons of
structural steel for delivery early
next year.
Sales of foundry pig iron continue
in limited quantities and consumers
report difficulty in locating supplies
for prompt delivery. The market is
generally higher on all prompt and
forward business. Advances during
the past week included No. valley
AuiudCe, NldiledU1c valley, gray lOFSc,
Pittsburgh and No. grades in Gin
cinnati and Birmingham. The in
creases were about 81 per ton from
prevailing levels. The market is
very strong on account of a scarcity
of supplies, and the efforts of the lead
ing interests are being directed
against runaway conditions.
The copper market the past week has
been consistently dull and the amount
of trading reported has been very lin
tied. Action in the local trade is being
maintained almost entirely by specula-
tive interests. Trade estimates place
the total sales during October at ap-
proximately 130,000,000 pounds. Sep
tember output figures, as compiled from
reports of eighteen leading companies.
indicated a total of 100.451. 600 pounds.
compared with level of 97.760. 900
pounds in August last. The price range
here is generally reported as from 21 to
211a cents per pound in first hands. with
second hands offering at around 20a4
cents per pound: Small sales were re-
Gently reported at 20k cents per pound.
Lead continues firm, but the amount
of trading is small The zinc market is
not very active, although occasional ex-
port inquiries are noteu.
Tin here has turned easier because Of
the ending of the longshoremens strike.
The prices for spot delivery range from
"a y cents to SIS cents per pound. The
movement of supplies from piers is re-
ported to be improving, and tin plate
manufacturers are said to be in the
market for supplies from time to time
as prices ease off.
Evening star., 1919-11-09

Morse-Talk is that in Sinclair man.
ayers of the underwriting have dis
posed of stock not taken on rights.
and therefore the little relapse. In
Transcontinental Oil there is a big
pany shaping up with the very big
gest and strongest. The patient hold
er of Linseed hopes for an early
show down. and if all the facts are
disclosed there ought to be some
real doings. The actual meeting OF
the stockholders on Tuesday ought to
be interesting. There should be
good attendance.
F. K. Pulsifer-To take care of in
creasing business, r. ]. Reynolds To-
bacco Company directors have pro-
vided for the issuance OF 1oo.Op0
shares of the company's preferred
stock at par on January L..
bought 1000 Southern Pacific. j. NJ.
Byrne & Co. sold 1000. c. S. Lee sold
1000, H. l.. Canghaar sold 1000 South
ern Pacific. Content bought 5000
Southern Pacific. Untermeyer bought l.
900 Southern Pacific. Sellers of South
1000: c. /. Hudson, 1000; Wrenn Bros.
1000.
Clark, Childs & Co. We think
that the rails and particularly Southern
Pacific will meet with more favor. Signs
are not lacking of liquidation in indus
trials during firm periods
Noler.-It is not known whether
the supreme court, which meets on Mon
day after its recess of the past fort
night, will announce the long expected
decision on either the validity of the
Southern Pacific Oil land holdings, or
whether the decision in the matter of
stock dividends are taxable as personal
income or not will then be rendered.
The belief prevails that an announce
ment on either one or both of these
most important cases is now to be ex-
pected, and as the financial district
thinks both will be favorable when
they do. bear traders are always anx-
ious to cover their shorts on Satur-
days or early Monday morning as mat
ter of protection.
J. S. Bache & Co.-The expansion
in bank credit which has taken place
in great volume in the last six weeks
is an important phase Of the present
clearing house banks in that period
| have twice exceeded previous high
records. At the same time the banks
holdings of United States war securi-
ties and loans on government col
! lateral heavily declined. Thus the
! slack created by liquidation of wal
obligations (tke federal reserve agent
at New York reports) has been more
than taken up by commercial and
particularly stock exchange loans
| Rising rates for money have accom-
| panied the large increase in loans and
discounts.
The stock market is contending this
| week with this unsatisfactory state
| of affairs. the initial development be-
ing the action of the federal reserve
bank in raising the rate for redis-
counts, after the close Monday. Since
then the rate has at times jumped to
f2O per cent, and as quickly receded
| to per cent. The restrictions in the
amount available for stock operations
has been accentuated by the funds
tied up in delayed shipments at this
port, said to be about 100000, 900
and through the operation of dis
Evening star., 1919-11-09
ENGLAND'S BIG TRADE
/ FOR MONTH OF OCTOBER

NEW YORK, November s.-Italian
exchange went to another new level
Of depreciation and both English and
French exchange was slightly more
unfavorable.
The statement Of England's foreign
trade in October cabled today from
London showed the largest exports of
any month in the country's history,
exceeding by 100000 900 the highest
monthly record prior to the war. and
larger by $176.000.o00. or so per cent,
than in October of 1918.
Imports have increased more heavily
than exports of British products, but
If merchandise re-exported is in
cluded. the excess of imports for the
ten completed months of 1919, would
be about 280,000.000 less than in 1918.
This mornings cables also announced
the prohibition of export Of silver by
the British government.
This means that the present weeks
rise in the London price Of silver has
practically reached the point where
silver in the British coinage would
be worth more as bullion than as
shillings and half crowns.
Evening star., 1919-11-09
Expect S. P. Decision Monday.

On the belief that the United States
der a decision favorable to the
company in the oil land case now
before that tribunal. Southern Pacific
was actively bought yesterday, and
closed the day at the top price of
112A, which also represented an ad-
vance of 21s points over Thursdays
last sale. The Southern Pacific case
now before the Supreme Court IL Of
Importance to the extent that 1t may
establish a precedent to the more
decided in the company's favor by
the United States district court In
California. which freed the company
from the charge Of fraud in acquiring
lands believed to be rich in oil.
Evening star., 1919-11-09
TOBACCO MARKET.

BALTIMORE, November S.-To-
bacco receipts for the past week to-
taleds 700 hogsheads. with sale of
1,19O hogsheads. The market is ac-
tive at the following quotations for
Maryland, tobacco per 100 pounds: In
ferior and frosted, 7.00a12.00; sound
common, 20.00a25.00; good common.
26.OOa30.00; medium. 31.00a35.0O; good
to fine, red, 36.00a4S.00; fancy, 4S.50a
5000: seconds. common to medium.
1S.00a27.00: do, good to fine. 2S.00a
1000; bay tobacco (f1re-cured), 15.00a
1000: upper country (air-cured), 1900
a41.00; ground leaves. nominal. Tn
sound and badly mixed packages from
to cents lower. Stock in ware
houses today: Maryland, 22.345 hogs
heads: Ohio, 5.437 hogsheads; making
q total of 27,7s2 hogsheads.
Evening star., 1919-11-09
TURKEY DEMAND LIGHT:
EGG MARKET INACTIVE
Fat, Young Chickens Desired and
Butter Prices Firm in
Baltimore.

BALTIMORE, Md. November s.
There has been little demand re-
Gently for turkeys. but continuation
will probably remedy. this condition
What little demand there has been
has centered around prime birds, poor
fowl being hard to move. even at a
discount.
The latter part of the week showed
ems and heavyweight old hens. I'm
seasonable weather affected the
chicken market during the early part
of the week. as it has been affecting
the turkey market.
Inactivity has been the predomina nj
note in the egg market during the
latter part of this week. and this has
been attributed to the free substitu-
ton of storage eggs. This has re-
duced the consumption of strictly
fresh eggs.
In the butter market prices are be-
ing firmly maintained because of the
fact that the demand for the better
grades of table creamery and nice
favored store-packed butter is equal
to the daily receipts and offerings.
The supply of white potatoes is
ample for present trade reQuirem e mt S
and ordinary stock is moving off
slowly. For nearby Maryland and Vir-
ginia potatoes there is a fair in
quiry. Sweets and yams are in some-
what freer supply and only choice,
bright stock is attracting any atten-
ton.
Celery is in abundant supply and
showing "a wide range in condition
and price. Tomatoes are firmer.
with much lighter receipts. Spinach,
turnips and peppers from nearby
points are in liberal supply and gen.
orally cheap, but cabbage is firm,
with an upward tendency Onions
are holding up firm under a good
demand. Wharf receipts Of live cat
tie continue light and for first-class
stock there is ready sale. Re-
ceipts at the stock yards. however,
are ample and the market is easy.
The demand is steady for choice
veals. but calves. when shipped to
be sold as veals. should not be more
than six or seven weeks old. The
season for dressed hogs is at hand.
hut with prices on pork in the west
decidedly lower than last year, no
extreme prices on hogs are looked
for here this season.
Evening star., 1919-11-09
West Rolling in Wealth.

A New York banker back from the
west says the people out there are
rolling in wealth and they don't care
how they spend it. A huge volume
of money there is finding its way
into speculation in securities. real
estate and anything else which offers
a prospect of profits The type OF
man in the west who is speculating
in stocks at present, according to the
banker. has plenty Of funds to pro-
tect his operations, and more often
than not a call for more margin
for his account results In his sending
in check SUFFICIENT to take up the
security involved. The strong post
ton OF such specultors apparently 10
one reason why It 10 rsther dimcult
to shake the public out Of the 1aaA21A
Evening star., 1919-11-09
NEW YORK MONEY MARKET.

NEW YORK, November S.-Money
Sterling 60-day bills. 4.11h; COM
mercial 60-day bills bank All; COM
mercial 60-day bills. 4.00k; demand,
4.14; cables, 4.14%. Francs. demand,
9.03; cables. 9.01. Guilders, demand.
81 11-16: cables, 37X. Lire. demand.
1I22; cables. 11.20. Marks. demand,
2.82; cables 22k
Evening star., 1919-11-09

TN to 1S: Santos 49, 26%. Cost and
freight offers were limited. with no fresh
offers from Santos. Rio rs were quoted
at 16A, American credits.
The official cables showed an advance
of so reis in the Rio market, with San
tos spots unchanged. The early cable
quoted Santos futures SO to 225 reis
lower. but q special cable received later
showed a rally Of so to 125 reis. Bra
Evening star., 1919-11-09

although the later cables showed a rally
in Brazil. and there were reports of a
continued fair spot demand March sold
off from 1886 to 1882 and September
from 1870 to 1920. with the market
closing at net loss of to Z points
Closing bids: December, 1923; January.
March and May. 1.7.31 July, 1925 /;
September, 1920.
Spot coffee in fair demand; Rio Is,
Evening star., 1919-11-09
DAIRY MARKETS.

CHICAGO, November 8.-Butter-
Higher; creamery, 55ae7.<
Eggs-Higher; receipts, 2.944 cases;
flrsts. 59k a60h: ordinary firsts. 53a
65: at mark, cases included, 53a59;
storage packed firsts. 62h.
Poultry-Alive unchanged.
Evening star., 1919-11-09
NEW YORK BANK STATEMENT.

NEW YORK. November 8.-The ac-
tual condition of clearing house banks
and trust companies for the week
Give days) shows that they hold $780,
3O1 $50 reserve in excess of legal re-
ouirements. This is an increase of
S49.753,510 from last week.
Evening star., 1919-11-09

Current Events Sighted in
Past Week in Progressive
Developments.
Ry the Associated Press.

BY the Associated Press.
NEW YORK. November S.-Money
was the pivot around which this
weeks stock market revolved. some
times with furious rapidity. Impor-
tant industrial and political events
were forgotten or ignored in pro-
gressive financial developments which
pointed to world wide tightening of
credits.
The advance in discounts by the
federal reserve bank was accompanied
by broad intimations against the eX-
cessive use of capital for speculative
purposes. This was followed by tho
virtual depletion of time money. high
er rates for bank acceptances and
an advance. the first since early in
1917. of the Bank of England rate.
These several episodes were suf-
ficient to effect sharp revision OF
speculative estimates. but the recess
siol gathered fresh momentum when
local banks began to curtail loans.
Call Money High.
Call money several times openeu at
IL per cent, the highest initial fnts
of the year. and twice mounted to
the years maximum of 20 per cent.
large sums being loaned at the latter
quotation.
Selling naturally centered in steels.
equipments. motors and oils. together
with other stocks of less definite de-
scrkption, rails most of the time dis
playing conspicuous strength.
Extreme reactions Of 5 to 90 points
in the more volatile shares were par
TALLY retrieved. but fresh selling de-
veloped at the week end Of the more
acute labor situation. the market
closing with weak and disorBanized
tone.
In we'll informed banking circles the
opinion prevailed that money would
show little il any relaxation until the
| turn of the year. even though funds
for crop moving are understood to be
well In hand
Diverse features of the interna-
tfonal financial situation were pre-
sented by further weakness in for
fotation Of the British and French
municipal loans.
Selling Of stocks was resumed dur
ing today's brief but lively session.
the movement being prompted BY
the news that the federal adminis-
tration would press its Injunction pro.
ceedings against the striking coal
miners.
The same shares which suffered
greatest depreciation in the week
several reactions were again singled
out for pressure. Steels. equipments.
motors and oils recorded extreme de-
clines of 2 to points.
Sales amounted to 775.000 shares.
Conditions in the bond market were
mixed. liberty issues easing again
with most domestic issues An irreg-
ular trend was shown by leading for
eign issues. Total sales (par valueD
aggregated $9.550.000. Old United
States bonds were unaltered on call
during the week.
Evening star., 1919-11-09
lillian port receipts, $4,000; Jundiah,
receipts, 1900.

Mrs. 1nez Haynes Irwin, wife of Will
Irwin the author and war correspond
ent. and herself the author of a num-
Der Of books. has undertaken the task
Of writing the first history of the ma
tional woman's party.
Evening star., 1919-11-09

NEW YORK. November s. The
market for coffee futures opened un-
changed to four points higher on a con-
t:nuation of the recent buying move
ment which was encouraged by the
T. mer tone of Rio. Santos futures. how
ever. were lower and prices here eased
or late In the morning under realizing,
Evening star., 1919-11-09
ASKS BANKS AID
FOR BONDHOLDERS
Secretary of Treasury Asks
Reserve Banks to Be Lib
eraI on Liberties.

Because it has been found that in
many localities holders of liberty
bonds are not receiving any assist
ance from the banks when it is sought
either to sell liberty bonds. for one
reason or another. or to borrow on
such securities. the Secretary of the
Treasury has communicated with the
federal reserve banks asking their
cooperation in securing a better atti-
tude from the individual banks in
this matter. 1t is claimed that this
discrimination against liberty bonds
has in number of cases thrown
liberty bondholders upon the mercy
of unscrupulous dealers.
The communication of the Secretary
Of the Treasury is in part as follows:
AS you know. we have always
uneed liberty bondholders, particu-
/ larly small bondholders. to sell their
bonds. when obliged by urgent ne
cessity. through their own bank or
trust company or some reputable
bond dealer. In many localities the
bank or trust company is the only
reputable medium for effecting sales
of the bonds. and in most places the
bank or trust company has far more
contact with the ordinary small bond
holder than the reputa BILE investment
houses and brokers' In these circum-
stances 1T is of the utmost importance
that banks and trust companies CO.
operate SO far as possible and under
take to buy liberty bonds from their
customers or make arrangements for
the purchase.
Urges Liberality.
Much the same situation exists as
to loans liberty bonds. The
Treasury has always told bondholders
that their own banks should be will
ing to loan to them up to at least
80 per cent of the face value of the
bonds at reasonable rates of interest
and, as I understand it, the policy of
the Federal Reserve Board and the
federal reserve banks toward loans
by banks has been framed accord
ingly.'
Commenting upon this communica-
ton Gov. Benjamin Strong of the New
York Federal Reserve Bank says:
"Co-operation on the part Of bank
ing institutions has been so generous
in connection with the Treasury
financing that we would hesitate to
suggest the urgency of the Secretary's
proposals were the matter one of less
vital importance to the government
and the public generally. 1t Is be-
lieved that the small amount of time
and effort required to accommodate te
persons who must either sell their
government bonds or borrow against
them would be more than compensat-
ed for in the Improvement of the
market position of government issues,
which Is, of course, a matter of great
interest to all of u.s."
Evening star., 1919-11-09
$ Range of Prices, New York Stock Exchange,



sduaxhe
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1919-06-21
INTERNATIONAL LABOR
ORGANIZATION FEARED
Provision Becomes Target
of Renators Who
Oppose Treaty

WASHINGTON, June ao.-Amer-
lean labor win be warned to distrust
and fear provisions OF the peace treaty
providing International labor organiza-
tion, senators opposing the treaty de-
clared. Senators clai mthe plan pro-
Viding for Observation-Disclosures of la
hor problems means American labor
Will be kept constantly in court fight
ing for protection; that this means
great disturbance due to uncertainty
regarding the settlement of questions
vital to the workers in this country
and that IL will naturally follow that
iaborers' prosperity will wane
In addition the senators said. it will
be urged that the labor chapter gives
Europe and Asia an opportunity to
become combine against the United
States to force down labor standards
here; the senator's law has been dan
gered and cheap labor will be dumped
upon the United States
Senator Reed and others are prepare
ing speeches ON this phase of the
treaty.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1919-06-21

means the immediate return of rcac-
tivnary policies.
T :. They want to create party
which will have as its sole aim the
beitermeni OF America for Americans.
other sources from which third
party talk has been coming include re-
turned soldiers and private individuals
i'm a number Of states who have writ
ten certain progressive congressmen
urging a break from old party leader
ship. These letters are not vet very
numerous. They come mostly from
the thinking west"
This embryonic third psrtt move-
ment has so far found no sponsor III
Congress and may never find one, IL
has number of influential friends
there, however, one OF whom to-day
declared it should not be confused
with BolsheVist unrest or socialist pro-
paSanda. In fact a number OF those
letter writers who have urged. the step
have stated that neither of the two
great parties seems to have any ade-
luate program for combating Bolshe-
Vism in this country ana declared the
lnlN way to do it--in the languages
II one of them--.'is 10 get men in !
bower in this country who viii attend
o home affairs for the good of the
american people without thinking so
much about reforming Europe on the
me hand or about tinkering with the
ariff for partisan advantage on the
,ther'
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1919-06-21
WILL THERE Be A
THIRD PARTY. 1920
Question Heard More and
More While Leaders
Scott Idea.

Omitted Press Staff Correspondent }
WASHINGTON, June 20.---In con-
aidering the many possibilities of 1890
prompt Washington politicians are
paying considerab BILE attention to a
question being heard more and more
frequently as the weeks 20 by. II is
this: WIN there be n third party in
ls20Y
Loud crys of ssNo" accompanied by
jcer4. scoffing and other professional
manifestations OF ridicule and dishe-
lief Immediately greet the duestioner
who ask democratic or republican
parts leaders the question. They point
airily To the incident of the Bun Moose
party as though that closed the argu-
inent.
Signs are multiplying however, that
out where the voters grow-~and vote
there is considerably dissatisfaction
with hotl. cf the existing po,lticai
barties " hich some observers think
might CRYSTALLINE under certain CIR
cumstances N the formation of a new
and very powerful party by the titae
1899 arrives
Members cF Congress who h7ve re-
Gently ir.s, ellsd thousands OF n,l-ssl
throash laany states report. that they
nave inAAA sH}ta party sentiment IN
"a hsrqber Of places. One senator. for
Instance. was met in two widely sepa-,
rated western towns by delesulia1s
formed for the specific purpose Of urg-
ing him 10 take the lead in formation
~ an american party
These delegations were mn i IN cf
hen ol both rarJies- The rea sors they
gave fnr WRITING a third paa - sncre,
]. They are opposed TO the demo-
cratic policy of keeping the United
States permanently mixed up in Euro
pean affairs.
2. They charge the democratic
party with gross mismanagement of
public affairs. particularly with re-
spect TO railroads. telephones and tele-
phones and telegraph and finances
3. They fear Republican control un- I
der Lodge Penrnse-S -Smoot leadership /
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1919-06-21
roRsEE sTRIKE SETTLEMENT

WINNIPEG, juno so.-Six or ten
labor leaders awaiting trial for sctii-
tious conspiracy are mt liberty today.
each furnishing $1,000 bonds. An are
English born. They probably win ap-
pear before a civil court june %. The
remaining defendants aliens. will he
tried by Immigration authorities. The
end of the strike appeared near to-
day when Alderman Robinson. secre-
tary of the trade and labor council
agreed to the Interpretation of ~col-
lectivc hargaining's as is defined by
the iron masters and as is in operation
on the Canadian railroads.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1919-06-21

ELBcTEfc PEHEs iusures
ready cold weather starting
even from iowgrade gAso-
line Ainimizes spark plug
fouiing Andr loading up.
hARTER VTnRATok pro-
dnees fat, hot spark for start
ing even when battery is
low" Another assurances
Of EnotSrinR snffsfsc scti0n-
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1919-06-21
Great Fleet Comes
to Pacific August /,
Daniels May Come
WASHINGTON June 90,

WASHINGTON. June 2O.-The
movement of the new Pacific
fleet from the Atlantic coast will
have begun by August l, Secre-
tary Daniels said today. The fleet
Will be practically formed before
1t starts through the canal but
will be Joined by a few ships on
the Pacific side. Daniels may ac-
company the fleet.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1919-06-21
CoNNECTICur LAS RIors

WATERBURY,. Conn, June 2O.-
City guards and armed machine aans
are patroiling the Brooklyn suburbs
today TO prevent renewal of riotins BY
striking brass workers In n riot there
last night two policemen were seri
onsiy injured and S5 men and five
women were arrested.