davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08

BUSINESS LAGS ON LOCAL CHANGE
AFTER HAVING MADE BRISK START
Prices End Lower and Market Shows Tendency tQ
Heaviness Slackened Demand-Whole List Is
Weakened-Liule Interest in Bond Section

The Philadelphia Stock Exchange following
the
prices lower and tendency heaviness
Electric
and Lake supe,or
were about the onrv
list small n
fractions, lower
for
N
sales block of $4,000 a rain nofI
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08

action on the matter has as vet been
taken by the director general of rail,
roads. the opinion is expressed that this
rail mills of the country will soon b,
called upon to furnish the requirements
Of these lines.
1t is stated In the steel trade that thu
roads referred to will require approxi,
mately 100000 tons Of rails as soon a,
IL Is possible to get them. This would
involve money expenditure of S27,60o.,
600. allowing $55 per ton, the PREVAILING
quotation for Bessemer rails. but thers
is no doubt that at least some of IN.
lines will ask for open hearth rails, which
would cost s57 per ton, thus increasing
the sum involved to some extent.
While contracts to the rail mills fot
about 100000 tons at this time would
be considered large, it is pointed out ID
the steel trade. as well as in railroad
circles, that such an amount is only 4
small portion of what all the roads Id
the country will need, and II Is consider,
ed likely that when the Federal railroad
administration begins placing orders foi
the carriers. the rail mills will be given
orders sufficient to keep them busy fol
long time.
Bids are to be opened by the NavI
Department on February IS for approx,
mately $4,000 tons of steel products to
be used in connection with the construc,
tion of four battleships and one fuel yes.
sell The steel companies have received
notification of this fact. and most of
them are preparing tc submit proposals
to the government.
Approximately 10000 tons Of plates.
400 tons of shapes and 100 tons OF
bars are wanted for this work at this
time. This is the first time this year
that the Navy Department has requested
bids for work. and It is considered likely
that other contracts will come later in
connection with the governments policy
of increasing the strength of the navy.
About the only steel product on which
premiums are being asked for export
orders, SO far as can be learned in the
trade Is barbed wire. Whereas the
domestic price for this article is 1850
per pound. Pittsburgh. It is stated in
the trade that on export Inquiries the
prices offered have ranged from b.25c 10
5.4Oc per pound, Pittsburgh.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08
Leading futures ranged as follows:
Corn fnew deilyeryl- y
RESERVE BANK STATEMENT
Increase in Bills Discounted for Mem.
her Banks-Note Decrease

The statement of the Federal Reserve
Bank as of February shows a ratio of
total reserves to combined netSdeposit
and reserve note liabilities of 43.5 per
cent as compared with ASA the week
before.
Bills discounted for members secured
by Government war obligations were
reported at S188.1s6,522. against $780,
35l. .9s2 the week before, the increase
being due 10 the continued offering of
treasury certificates.
Federal Reserve notes were S20S.S64,-
1925. against s2O9. e2O. $50 the week be-
fore being the sixth consecutive week
In which a decrease was reported.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08
Reserye Banks Discount Rates

Official discount rates at the twelve
Federal Reserve banks were as follows:
(The first column gives tire rates for
day maturity. the second for a period
OF sixteen TO ninety days The third
and fourth columns are the rates for
rediscounts Of collateral loans secured
by government bonds or notes.)
- Cnm ma ner Gnv m ner
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08
SPECULA LATTVE INTEREST LACKING
ON NEW YORK STOCK EXCHANGE
Little Disposition Part of Public to Participate in
Trade-Shipping Shares Show Weakness-Marine
Preferred Drops Two Ponts-Coppers Irregular
High Points in Today's Financial Nems

Lack of speculative interest shown the New York Stock
Exchange with especial weakness shipping shares Local market
after making brisk Heavy trading foreign bonds marks
Curb exchange feaueess except for
slightly rmer tendency nutrals Cotton lower After irregular
develops strength. Bar silver unchanged
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08
$16,OOO,OOO
Illinois Central Railroad Company
Fifteen-Year Five and One-haf Per Cent
Secured Gold Bonds
DueIa
Due January I, 1884
Interest payable January l and July

A. PreSden of
dated February 5, 1919 writes follows
andw Loan and
andN Raunding
Per Cent Bonda Series A, due December !, 1868, and
Mortgage -Four Per Cent Gold Bonds due August 1851
is be
s rempdn @ T % H%Bonds " ~ " ~ " " ~ ~ ~ purchase OF
mesf
~ Illinois cs. k.a.S s;S ge Sss Paid i. on Shn a.si %
N wi |. paid a the at
the this
the DHecOG is il ~
this & ion % s .Sss: ss e % R'cs %
% = = ] 5 E ] r. : a:. %
@ s s - .lcsstoS % % a % s.'"'" etc., " estimated '@'0
@ @ o. 5 rate @ M % T $1,000 nu ' , ind & holy y ps - o ;
% e .S s % axs s.S @ S. scad r sh 1,z % D
will b n: E s sH ss.S under 5 % ns % & as
1t Ss % % n. % N.
o ny o Other ga Meehn "
3 .psa s s"s % .Ss . ss @ Director Ss vss: STATED s @ Fs S
cnmhin q viii list on the New
StockE Echng
Pending
will for s7 per
when price bonds yield 5A per held to
maturity redeemed at the earliest
ar % % $50 ns so % ssS @ sssa s s s0% 5 % M % % &
O
:
41
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08
PHILA. 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 preYIouS sale.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08

n.
and local interests were large buyers OF
corn in the early trading today. ana
after an irregular start, the market de-
welcomed firmness on the ri-- concerns
with connections in the East took the
selling side and forced partial re-
action. Sentiment was divided
some authorities argued that after
decline that has lasted for thirty days
during which period values nave lost
from 24c to 3ic, IL was time 10 pe
cautious as to bearish operations, While
others appeared to be waiting for hard
spots upon which to sell, as they beleVeo
that the revision downward had not yet
been completed.
The arrivals here today were 13l
cars.
March started kc higher at sl.20k,
and later sold at sl2Oh. May opened
at s1.l3 to $l12ia, against Sl.l2es AT
the close yesterday and, after toucmng
s113h, declined to s1.l3b. July was
| quoted at s1,09k to sl.Os, against
s1.Osh yesterdays last price and, atter
selling at sl.O9h, receded to sl'osS
oats opened steady to a shade high
er but after the start there was selling
by a leading cash house and prices re-
! acted. There was not much snap 10
| the demand Operations were light.
The arrivals here today were oil cars
March opened nc higher at 56lac
| Nav started at 56h TO 5sc, against
! 56%c at the close yesterday and declined
! to 56hc; July opened at 54hc and re-
ceded to yesterdays last price of 54hc.
The receipts of wheat at Minneapolis
! TODAY were SO cars, against l47 cars
last year; at Duluth cars, against
| 3 cars; at Chicago 81 cars, against
4 cars, and at Winnipeg 27 cars, against
| 307 cars.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08
FINANCIAL
Annual Meetings

,rxg- THE ANNUAL MEETING OF THE
Contributors of The Methodist Epis-
will be held at the Hospital. South Broad
shd Wolf SITS. Philadelphia, Friday. Febru'
ary IA. 1919, at O'Clock In the afternoon,
Shen the report Of the Board Of Trustees
will be presented, lay trustees elected and
miscellaneous business transacted.
CHARLES w. STRAW. Secretary.
py,ay7s THE ANNUAL MEETING OF THE
~ white Williams Foundation for Girls
Will he held at the Church House.. corner
o{ Walnut and 18th Streets. on Tuesday.
LILLIAN II. MANN.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08
n. Y. BANK STATEMENT
Decrease in Average and Actual Loans.
Average Reserves Increase

New York. Feb. 8.-The New York
bank statement this week shows de-
crease in average and actual loans and
increase in average reserves and de-
crease in actual
Details follow:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08
IMPROVED DEMAND
IN THE COTTON MARKET
Sharp Rally Follows Firmness
in Early Trading-Close
Steady at Declines

COTTON BELT WEATHER CONDITIONS
Perntures were recorded in the cotton belt
OkiaRoma. 80; Nashville, Sc, Meridian,
81; Fort smith. Memphis and Chatta-
nooga. 80; vlcLtburg. Knoxville and At
,am.s; sSa.,.,' ss' PesSaeolr ,,i, and Macon: .o'
SSafisstSn SSisRSs and WminstHn i,,sn' a. Assu;t sss n
tonic and Savannah. 40, Jacksonville, as,
Tampa. SO. and Galveston. SO.
There was .O1 Inch Of precipitation at
sonville, and IA Inch at Nashville. Meri-
dian and Memphis.
New York. Feb. s.-Reports that there
would be drastic reduction in the COM
ing acreage; rumors that the govern
ment might stabilize prices and a better
demand for low grades in the South led
to an improved demand for cotton in
the last half hour today and the market
rallied sharply after 1t had been weak.
following firmness in the early trad
ing.
The start was 10 to 65 points net
higher, mainly on covering by Wall
street houses and buying for Liverpool
account, but the list dropped right after
the call under n renewal of liquidation
of March and continued selling for
southern account. The offerings from
southern sources made a bearish impress
sion on sentiment.
The close was steady at a net decline
of points to an advance of 20 points.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08
BUSINESS NOTES

Commercial failures this week in the
United States are 163 against 165 last
week, 1856 the preceding week and 2s1
be corresponding week last year. Fall
lfres in Canada number II. against 81
sst week. 9 the preceding week and %
Ast year.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08
BONDS
MONEY.LENDINC RATES

PHILADELPHIA-C G per cent
time, 5A as per cent Commercial paper.
three to six months, sos per cent; six
months. 6 per cent.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08
Financial Briefs

ttDn OF New Jersey three-year secured
c9nyertible 7 per cent gold notes, Drexei
q Co., Philadelphia, and Bonbright &
CD, New York city. announce that
oTders received now assure sale of notes,
Subscription books will be closed at noon
teday II Is expected that allotments
will be made on Monday February 10,
Rent. 'A'
tbe New York Stock Exchange are: Joe
3 Bach. deceased. TO William c. Wilson,
$4,000: William III. Dixon TO William
Cochran; ses.0oo Huette Cammack to
l5ns TO Neville Gordon Hart, $40, 900. and
William =. Stafford. deceased. to o.
Qarley Hartman. $4,000. Member
nips transferred are Lamont Dominick
Hentamin f. Schwartz; John f. LIggett
to George +. Naphen and Samuel ID.
bcock. deceased. TO Donald Y Hill.
The Wheeling Steel and Iron Com
hny Is said 70 be the most active indus
trel In the Wheeling district, as the
mpsny is is booked virtually year
operating In Texas and the southwest.
ne company's largest pipe plant is al
Martins Ferry, o.
y0eorge I. Skinner, State superinten-
dpet Of banks of New York, has ruled
that savings institutions in the STATE
nay lend money to depositors on notes
secured by Liberty Bonds.
ST Lawrence Pulp and Lumber Corpo-
ration has called for redemption al Inc
Qtrarc Trust Company the 1919 matur-
~ Of Its per cent first mortgage serial
Unds.
samuel Rea. president of the Penn
<Ilvania Railroad Company, has been
~ 10fed q director OF the Provident Life
o1d Trust Company, OF Philadelphia, Il
o(nulets the unexpired term Of Henry
~ Sollins. resigned on account Of III
~ New York subtreasury gained
&eoo from the banks on Friday.
~ ehs Zine months ended December
- xHkornafional Nickel Company
N opgplue 4fter chars>s. war taxes
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08

s';E';:!! - III go ~ w
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08

LONDON-Money is quoted at az
three-month bills, . 1892 per cent.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08

Captain lie Roy Richards. who re-
cfntly returned from France, has re-
csived his honorable discharge from the
United States army and has become as
sociated with the Nagle Steel Company,
steel plates and sheets, Pottstown. Pa.
aB Philadelphia sales agent. Offices have
been opened in the Morris Building. Mr..
Richards was for number of years
Philadelphia sales agent for Worth
Hrothers Company. Coatesville. Pa,
Which company was bought out by Mid
,ale Steel and Ordnance Company, with
whom Mr.. Richards remained.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08

New York, Feb. S.-No change was
reported in the refined sugar market to-
day, All refners continue to quote on
the basis Of &c. less per cent for cash,
for fine granulated. Raws also are un-
changed at 72Sc delivered.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08

Tho shipping rate to France is down
50 per ton from what 1t was a week
axo. The rate Is still double what Il
costs to ship to England and at present
$50 per ton weight or measurement.
Shipping brokers are looking for n sharp
reduction ir the rate when cargo space
becomes more plentiful.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08
LARGE BUYING SENDS
CORN PRICES HIGHER
Mark ct Develops Firmness
After Irregularity-Tradc
in Oats Lacks Snap

GRAIN BELT WEATHER FORECAST
Chicago, Feb. s.-Illlnois-fair tonight
and Sunday.
Missouri-Fair tonight and Sunday. pre-
ceded by light snow this afternooni colder
south tonight; warmer northwest SUNDAY.
NiscousIn-Fair to night Hnd sunday;
warmer sunday In west.
Minnesota--Fair tonight and sunday;
slightly warmer sunday.
Iown-Fair tonight and sunday; warmer.
North Dakota-Fair to night and sum
day; warmer. -, .
south Dakota and Nebraska-Fair To-
night and Sunday; warmer.
Kansas-Fair tonight and sunday, pre-
coded by light snow this afternoon In
southeast; colder tonight; rising tempera-
turc sunday. ,s
Montana-Partly cloudy tonight and sun
day; probably snow or rain west Oh tne
Divide; warmer east OF the DIVIDE Sun9n.
except probably snow extreme Northwest
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08

5000 & a. sss j. ii: .: s.. lss SO. ass ssx
'siSSS siSSS va a0 IS Brown B Is ~ y i99ss"
Total Gales. ,e.sis, 900; this week. ,,s-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08

Total sales. 154. 100 shares; this week.
?. OO3. 600 shares; last week, 2.255. 400 shares
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08
a report Of traffic conditions for the


A report Of traHic conditions for tho
week ended February 3. made public
by Walker ID. Hines, Director General
OF Railroads, indicates that while the
volume of general freight showed a
slight falling of, as compared with the
Week previous, except on few COM
niodities, export freight increased con-
stderabiy in volume.
A consumer has purchased a lot Of
1p0. 900 pounds OF copper metal at 17Lc
per pound delivered on Staten Island
The copper is TO come from a smelling
works in New Jersey
Z The Atlantic Refining Company has
Just let a contract for the construction
df nineteen steel storage tanks at it's
terminal at Guayavalittos, Mexico. These
tanks will provide storage for approx
naately 500. 900 barrels Of oil. II is stated.
Seven will be OF 55, 900 barrels capacity
eAch. 1t has also assembled 5000 tons
q material at Port Atlantic which II
ocean-loading station and other Inn
movements. 1t Is stated loading
Hcilities will consist of six ten-inch
npe lines.
Several million forms Of incomes of
5000 and less have been printed by the
h1reau of Internal revenue and are now
cp the way TO collectors throughout the
country. Forms for the filing Of cor
upration income and excess-profits taxes
are being printed and will be in the
hands OF the collectors by March I. They
yil be released by the collectors when
the revenue bill is signed. Forms for
those having incomes Of $4,000 or more
will also be ready inside of fifteen days.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-02-08

first bonds Sbsr
Oft heundefsgn or c is 4
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1919-02-01
UTAH DELEGATES
EN- ROUTE HERE
TO BUY STRIP
(By Review Leased wire)

SAL TLAKE CITY, Jan. S1.-George
F. McGonagle, state engineer, William
F. Seegmiller, member CT the house
of the legislature and A. W. lvins, an
apostle of the Mormon church whose
work has made him familiar with
southern Utah and Arizona lands,
comprise q committee appointed today
by Governor Bamberger to take up
with the Arizona legislature proposal
for the purchase by Utah OF a strip
of territory in Arizona.
The committee was appointed at the
instance of the Utah legislature and
will leave here Monday for Phoenix.
The land in question is known in
Utah as the Arizona strip" and bor-
ders the southern boundary Of Utah
and the Grand Canyon of the Colorado
River, and because of certain geo.
graphical conditions, it is felt, should
be 3 part of Utah.
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1919-02-01
MINERS CONSIDERSENATORS OPPOSE.
LABOR COND|TIONPRES|DENTS PLAN.
- Review Leased VIE

WASHINGTON, jan 31.-Working
conditions in the copper industry dur
ing the period of transition from a
war to a peace basis were discussed
today by Secretary Wilson and other
officials Of the department OF labor
with 32 representatives of workers in
the mines, mills and smelters of Ari-
zona, Utah and Montana 1t was said
that the conference developed only a
preliminary representation of views,
which will be continued tomorrow
Grave conditions were said TO have
arisen in the copper industry since
the abnormal war demand for copper
subsided. This has been reflected in
the decline of the price of the metal
and in the laying off of between 25
and 30 per cent of the workers, most
OF whom, however, have obtained
other employment Officials were
told that agitatOrs had used the re-
duction in working forces tc spread
their doctrines, but apparently had
small success
All information in the governments
hands bearing on the industry such
as the probable demand for copper,
will be furnished to the delegates dur
ing the conference, it was said there
was no question of a dispute as to
wages and that the conference was
merely to work out some plan, if pos
sible, to stabilize working conditions.
An official statement on the con-
ference said the delegates gave the
secretary first hand Information of
the conditions prevailing in the sew
eral districts and expressed them
selves as desirous of finding some so
luton of the unemployment problem
that would not have a depressing ef-
feet on the industry. Secretary VIII
son assured them he would cooperate
with them to this end.
Later, the labor men held a private
session for the exchange Of ideas and
discussion of plans to be submitted TO
the secretary tomorrow.
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1919-02-01

NAOE1lN0 1O-Ns jail O1- 4SOAOuS
opposition was voiced in the senate
today by republican leaders to the
plan for dealing with captured Ger
man colonies and occupied territories
in Asiatic Turkey, which press dis
patches from France yesterday said
had been presented to the peace con-
ference by President Wilson.
Democratic spOkesmen said they
could not believe the reports that the
president had proposed permanent in
standardization of the territories
and urged support of the American
peace delegates. Some republican SEN
ators pointed out that the official
communique issued by the conference
said a plan for disposition had been
Professionally agreed upon.
The debate continued for two hours
and during its course republican lead
ers renewed their criticism of the
plan for league of nations, the delay
in concluding peace with Germany,
secret diplomacy" and other ques-
tiOns connected with the peace con-
ference Senator Lodge of Massa-
chusetts, the republican leader, de-
clared that statements in dispatches
from special newspaper correspond
ents at Paris that the United States
would be required to help maintain
order in the captured territories was
absolutely unbelievable"
Senator Knox of Pennsylvania as
serted that the Observation-Disclosures
plan proposed " stupendous and pre-
posterous undertaking" while Senator
Johnson of California, declared he
would not vote for a treaty requiring g
American troops to be sent to Asia
or. Africa Senator Vardaman of
Mississippi, democrat, suggested that
the senate would reject such a treaty.
In reply to the republican attacks,
Senator Lewis of Illinois, the demo
cratic whip. said he doubted authen-
ITCHY of the Paris reports and de-
clared that disposition Of the German
colonies as suggested would violate
he fundamental principle of self-de-
termination of peoples. He said he
believed the actual agreement merely
was for temporary administration of
the German colonies by the league of
nations until their permanent status
could be fixed.
crat, said he could not believe the
American commissioners would obi.
gate the United States as suggested
in the press dispatches.
United support for the American
commissioners was urged by Senator
Kirby of Arkansas, democrat. Re.
ferring to Admiral Mayo's statement
yesterday before the house naval com.
mittee that the league of nations was
rapidly getting down to a sewing
circle" Senator Kirby said if he were
president he would reduce Admiral
MayO in rank
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1919-02-01
URGES HOME DOCTRINE
CBy Review Leased Wire)

f6N FNNNif-N LtdStU NlEtl
NEW YORK, Jan. 31.-Asserting
that the time had come "for a re.asser-
ton OF the American spirit and the
calling of halt to the doctrine of in
ternationalism." Senator Miles Poin-
dexter of Washington, urged in an ad-
dress tonight at dinner of the repub-
lican club, that the United States ex-
tricate itself as quickly as possible
from European politics.
The government, he said, should
meet every obligation it owes the al
lies in the fixing of the peace terms
and should keep its share of armed
force as is necessary, ito stamp out.
with fire and sword, bolshevism in
Europe"
These tasks completed, he declared.
the nation should turn all its energies
TO the interests of America, which.
he said, lay wholly in the western
hemisphere.
Asserting that the Monroe doctrine
still is a vital and essential policy.
Senator Poindexter declared that
violation by us of Europe's sphere
Continued from Page Two)
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1919-02-01
CBy Review Leased wire)

WASHINGTON, Jan. 31-Remoyal
OF all restrictions on margins of profit
On foodstuffs except cottonseed pro-
ducts and eggs, and cancellation OF
most license requirements of import
ers and distributors, effective totnor-
row, were announced today by the food
administration on authority of a proc
Iamation signed by President Wilson
at Paris
The following only remain under
license: importers and distributors o.
wheat, corn, oats. rye, barley and ele-
vators and warehouses storing these
grains and rice
Importers. manufacturers and dis
uributCrs of fresh, canned or cured
beef, p0rh or mutton. cottOnseed, cot
tonseed products. lard, butter, eggs
and sugar
Importers and manufacturers of rice
and rice flour, wheat flour and wheat
mill feeds, and cold storage ware
hOusemen-
The margins still allowed: retail
cold storage and fresh eggs, z to 8
cents a dozen; cOttonSeed lard substi-
tutes at wholesale ! Il 10 cents
pound on more than fifty pound pack