davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
CONDITIONS OF TRADE
REVIEWED BY AGENCIES
NEW YORK. August 16-Bradstreet'
report Of the country's trade outlook

NEW YORK. August 16.-Bradstreet's
report Of the country's trade outlook
says:
Industrial unrest is still widespread,
new strikes number many thousands of
workers. the agitation over price condi-
tions continues. accompa MED by numer-
GUS seizures Of food in warehouses or
stores. and the prices of many staples,
especially in speculative markets, are
still unsettled. On the other hand, how
ever. there seems to be rather less ten
sion in tho situation. as whole and the
stock markets appear to have reached
like an equilibrium.
''The shipments strike also. with all
that it involved in the way of checking
the current Of the country's trade and
Industrial life, has been called OF: some
Of the weakness in prices. as. for In
stance, in corn and hogs. has been aid
ed by tho better trend Of crop reports.
and finally the great mass Of trade re-
ports, while testifying to the consider
able 'lnsettlement ruling. particularly In
markets for foods, are almost unani-
nous In showing that distrtbutive trade
and. indeed. is Of a very full
volume for an ordinarily quiet midsum-
mer period"
THAT the countrywide price agita-
ton has wrought change in business
the full meaning of which cannot now
be clearly determined. the weeks ad-
vices have made palmer. Signs of hes
itating markets do not appear in
every quarter. but are unmistakable
in textiles and hides and leather and
some other leading lines. and certain
that Tor months had been
for their buoyancy have
lately displayed yielding tendencies.
The reversal Of the price trend, fol-
lowing rise to new high levels, has
been reflected in Dun's list Of whole
sale quotations, which again dfscioses
more recessions than advances, and
not q few buyers who formerly were
eager to operate At almost any figure
are now holding on, awaiting further
developments."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
LOOK FOR A DECLINE
IN STERLING RATES

Expert opinion in London looks for q
further decline in sterling exchange.
The reason exchange (dollar) is 50
DEAR" says the statist. land IL steadily
becoming dearer Ia that there Ia 20 lit
tie merchandise sent to New York and
Europe 10 in such urgent need Of pur-
chasing food and raw materials from
the United Stotes. Unless very vigorous
methods are taken to give the trade of
this country chance Of recovering the
adverse exchange. particularly with the
United States, 1t will in the near future
become still more adverse. II things
remain n they are at present, what IL
likely to be the position Of exchange
when we have got a. much food and
rail material as We arc able to obtain,
say. some time next winter? Whatever
We do 1t will be sufficiently dinicult to
adjust the balance Of trade between
Europe and the United States. The
United States would probably try to
assist US II we showed any disposition
to assist ourselves" It 10 asserted BY
the same authority that everything
seems to portend that the prosperity Of
the United States will continue to crow
as the autumn and the winter pass.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
SEVERE LOSSES MADE.
ON new YORK CURB
Columbia draphophone Common
One Of the Leaders in
Weeks Trading.
From the New York Evening Post
Financial Bureau.

From the New York Evening Post
Financial Bureau.
NEW YORK, August 16.-There
were many wide movements in the
Broad street curb trading during the
past week. nearly all Of them being in
the shape of violent declines, some
stocks falling around ten points as
the direct result of the appearance
of sudden selling pressure. with these
of only moderate amounts of stock.
This was the case in Iron Products,
which on trading of 500 shares show :
ed a loss Of ten points to So. Ameri-
can Ship and Commerce developed
at an, declining yesterday to "a
Colonial Tire. which a short time ago
was IN demand At advances, ranged
from 41N to 81. Allied Packers was
also weak, dropping from 81 to 56h.
The widest movement during the
week was in Lima Locomotive. which.
after; after selling S At -. dropped to g, fol.
issues were irregular. savold Tire sold
from 81 to 81. while Ohio Savold, after
selling at 20. advanced to 80.
New Columbia Graphophone common
stock was one Of the active issues, sell
iHB 20 in6h Cd VS. AVAAV"CN ~ ASoSSAo1i
to AN.
Two sales of r. ]. Reynolds "a" stock
were made at $50 and $50. Todd Ship
building was one Of the strongest fea-
lures. moving up from 14bh to 1853:
Retail Candy at 2s%. Fisk Rubber TIRE.
prior to being listed on the exchange,
ranged from Az to 46. Tobacco Ex-
ports yielded from SO to IS.
The petroleum issues were fairly well
held, in spite Of the declines shown in
many other groups Of stocks. Midwest
Refining rallied sharply. selling at 1853
to I'll, and Phillips Petroleum was
traded in at 59h to sou. "
Shell Transport showed strength for
a time. advancing to 6sk. but later
reacted to 81. Sinclair Consolidated
ranged from 55N to s., Common
wealth was in good demand with sales
at SAY to go. Transoontinental. be-
fore being listed on the New York
Stock Exchange, sold at 43K to 46A
There was initial trading in Trinity
Oil yesterday. The company has
I 100000 shares outstanding out Of
authorised capitalization Of 100000
shares. 1t has leases in Burk Bur
nett, Ranger and Duke pools and
many other fields totaling about a.
900 acres. At present it is producing
1900 barrels monthly and a material
increase In production 10 confidently
expected.
There was little feature to the
mining stock list. although q slight
hurry occurred >in some Of the Tono-
pah Issues yesterday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
Local. National and
DELAY IN TREATY PACTS
INFLUENCES EXCHANGE
New Views Offered as Cause Of
Weakness-Real Balance Of
Trade Ignored.
From the New York Evening Post
Financial Bureau.

From the New York Evening Post
Financial Bureau.
NEW YORK, August 16.-While 1t
would be correct enough to say that
the banking community was bewil-
violent movement of exchange against
Europe. it cannot be said that the mar
ket's action was, unexpected.
The fact that the rate on all of our
continental allies (as well as on the
lished new and extremely formidable
records of depreciation was plain
result of conditions existing in the
other-nation trade of today not regu-
lated by any comprehensive plan of
financing.
The movement. it hardly need be
said, is extremely disconcerting to
our merchants.
How can our own exporters or i'm
porters make their plans for trade
with France, for instance, when a
contract. say, for a hundred thousand
dollars, may be worth $4,000 francs
in one week and $4,000 in the next.
AS for the large projects planned
with a view to speedy physical re-
construction of Europe, these stand
unavoidably in allegiance.
The financial side of the transaction
is a problem which has not yet been
touched.
What is the reason? There is one
fairly conclusive answer.
The United States is not yet at
peace with Germany and has not con-
CURED in the terms of it's own allies.
People who take it for granted that
the treaty will eventually be signed
at Washington-as they took it for
granted five or six months ago that
al Rnr1{n-fnr.
get that when it IL q question of stalk
ing large amounts OF capital on the
situation the prudent capitalist wants
not probabilities bht certainties.
1t was entirely probable all along
that Germany would sign, but until
hardly made a motion toward re-
viva1. It had to take account Of the
other possibility-that the allies
wou''' :, eak apart or, that the Ebert
government, if 1t still existed, would
reject the treaty and calmly invite
the invasion OF Germany.
Similarly. it is no rash guess that
a capitalist taking account today Of
what might happen if the treaty were
to be rejected outright at the Capitol.
or If it were to be returned to our
Paris conferees for reconsideration.
with all the possibilities Of a rupture
which would thereby be opened.
The feeling of the sober financial
community 10 undoubtedly no less d.
vided over the merits Of the treaty
as 1t stands than is opinion in other
circles Of American discussion. But
the banking community realizes, per-
haps more fully than tho political
controversialists. the formidable dan
events at Washington.
The action of the foreign exchange
market is itself sufficient witness to
the extremely bad effect Of continued
procrastination.
But the practical banker is also
aware that the plan for compre-
hensive financing Of the difficult stu
alton is necessarily pigeonholed so
long as the existing treaty is held up
without SO much as q suggestion of
the alternative to 1t II eventually re.
jected.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
DAIRY AND PRODUCE.

NEW YORK. August 16.-Butter-
Strong; receipts. 1888 tubs; creamery,
higher than extras. 55a66 ": creamery,
extras coz score), san; drsts. 53ka54;
packing stock. current make. No. ., 46.
Eggs-Irregular; receipts. 1875
cases; fresh gathered. extras, Sass
extra firsts. 50a63; firsts. 4sa49: state,
Pennsylvania and nearby western hem
merry. whites. fine to fancy, 66a6S
state. Pennsylvania and nearby hen
merry. whites, ordinary to prime, 55a56
state. Pennsylvania and nearby hem
,nery. browns. 58a62; do, gathered,
browns aud mixed colors. 53a6s.
Cheese-Easy: receipts, 1896 boxes;
state. whole milk fats. current make,
specials. 30ha31; do. average run,
29ha30; state. whole milk. twins. cur
average run. 30a30X.
Poultry-Live and dressed, quiet
and unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
BUILDING PERMITS.

Permits for new buildings, other
than garages. have been issued dur
ing the week as follows:
H. s. Hatton. frame dwelling, 1913
Randolph northeast: 5000.
Boss & Phelps, six frame dwellings,,
3707-17 Ingomar northwest: $4,000.
c. P. McCurdy, store, Georgia ave-
nue. and Rock Creek Church road !;
s140O.
H A. Kite. 1--WE brick dwellings,,
7e0-s Kenyon northwest: $4,000.
Charles L. Shank, brick dwelling.
1920 Eads place northeast: $2.2O0.
j. B. Higdon. frame dwelling, 1911
Delafield place; $4,000.
l.. E. Breuninger, brick store, 6S07
18th northwest: $4,000.
Morris Collins. two brick stores.
3701 and a705 Georgia avenue; $4,000.
Lacey & Belt. brick store, 418 Ran
dolph northwest; $4,000.
F. NJ. johnson. eight frame dwell
Hngs, 1929 Buchanan and 4601-o5
18th northwest; $4,000.
Charles +. Wire. Inc. eleven brick
dwellings,, 4707-17 Piney Branch road
and 15O3-11 Crittenden: 5000.
W. A. Carter. brick church, 942 2sth
northwest; $1,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
MUNICIPAL BONDS
AND sHoRT-TERM NOTES
BIG MEMS MAxIMs
THAT ARE TO POINT


From Ferries Magazine.
"The way to meet trouble is to face
it" Is one Of Theodore N. Wallis IA
vorite axioms.
Hartman had two he was fond of
quoting: ITO dodge dificulties Is to
lose the power Of decision" and ut
ID never safe to look into the future
with eyes OF fear"
You can grip success bstter with
bare hands than with kid gloves" is q
Schwab-made maxim much to the
point.
Edison by referring to his genius"
he is fond of flashing back: Genius
Is IS per cent Precipitation and only
per cent inspiration"
Irving T. Bush, creator Of the Bush
Terminal and builder Of q unique sky
scraper in the heart Of New York to
house q permanent exhibition Of Eu-
ropean and other goods, has this Josh
Billings quip. framed, on his desk:
"Konsider the postage stamp. my son;
its usefulness Konsists in It's ability
to stiok to one thing until 1t gets
there" Bush has been a practicer of
stick -toitiveness: II he hadn't he
astrously before now.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
PRACTICAL ADVICE ON
TRADING WITH MEXICO
Guaranty Trust Company Of New
York Gives Valuable
Suggestions.

How trading may be carried on with
Mexico under present conditions is dis
cussed in Trading With Mexico To-
day." a booklet just issued by the
Guaranty Trust Company Of New
York. The publication is uniform
with the others OF the series dealing
with the various phases of export
trade which the company has been is
suing from time to time.
In foreword. setting forth the pur-
pose Of the book, is the following
statement:
THE data contained in this book
let. which deals solely with CONNER
cial conditions, has been collated on
the spot by a trained observer whose
function is to set down facts as they
are. without speculative comment
We deem it necessary to say. how.
Of Mexico is predicated entirely upon
political conditions which will assure
the protection of life and property.
the recognition of obligations and
consideration for the interests Of
other nations. The most thoughtful
the success of future relations with
Mexico as being almost entirely de-
pendent upon the maintenance Of a
stable government, upon whose known
policies and activities international
confidence may be based. Without
necessary assurance of this KIND
other nationals will not continue to
risk either their energies or their
money in Mexico. Permanent indus
trial development under existing con-
ditions is quite impossible. Mexico
and the present government. or any
government which may follow It, rest
under the heavy responsibility OF
creating conditions which will enable
the republic to realize its possibilities
after nearly nine years Of revolution.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
LOMBARD Street VIEW +,
OF WORLDS PROBLEMS
Labor Troubles, DemoraHxed Con-
dition Of Foreign Exchange and
Extravagance Dominate.
From the New York EveAiAG POgt
Financial Bureau.

financial 00Ye0u.
LONDON. August 16.-Lombard
street opinion on your market is that
continuance or resumption OF Wall
street speculation for the rise would
be distinctly dangerous. It is still ex-
pected that your prosperity will con-
tinue undated, but IT 10 also clearly
foreseen that the coming autumn and
winter will impose q severe strain on
resources Of every financial and in
dustrial country.
So far as concerns the recovery Of
Europe. the present very adverse state
of foreign exchange operates neces-
sartly to impede financial recupera-
ton. Yet it is still believed that ap-
plication Of relief measures to for
eign exchange is probably inadvis-
able.
It is true that Europe's problem Is
mainly. enormous. but 1t Is also
psychological in the sense that the
people will not adapt themselves to
the actual situation.
Until purchasers OF goods recog-
nize the imperative necessity OF
economy and labor recognizes the
serious effect Of wage advances. the
beginning of really sound recovery
will be impossible.
fort and distress in the lately bellig-
erent countries. Whether such condi-
lions can be surmounted without some
SORT Of political upheaval, the future
will have to decide.
One fact which begins to find recog-
milton is that, despite all the obvious
handicaps, economic conditions are
gradually improving.
Either the exactione Of labor will
become worldwide. making the
handicap on all nations equal-in
which case a crisis would sooner or
later be inevitable. through shortage
of foodstufs and other essentials-or
else our producers will be compelled
to reduce wages from their present
level. with severe local trouble as q
whether, and in what way, the
crisis would be accumulated by seri-
GUS labor disturbances In other coun-
tries, especially the United States, no
one can yet be sure.
AT the moment the crusade against
governmental extravegance divides
attention here with the labor sftua-
ton and tho coal shortage.
Tho chancellor Of the exchequer's
speech has prepared the country for
a revised budget of public expendi-
ture in the autumn which will en-
body actually increased taxation.
But the revolt against public ex-
trava rance increases. and some really
scandalous. cases Of prohigacy in sex-
penditure have been exposed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
THE WEATHER.

District Of Columbia and Maryland
Unsettled tonight and tomorrow,
probably local showers and thunder
storms; not much change in tempera.
ture: gentle variable winds.
Virginia-Local showers and thun-
morrow: slightly warmer tonight
west portion; gentle variable winds.
West Virginia-Local showers and
thunderstorms probable tonight and
tomorrow; slightly warmer east and
south portion tonight; cooler tomor.
row west portion.
Records for Twenty-Four Hours.
The following were the readings OF
the thermometer and barometer at
the weather bureau for the twenty
four hours beginning at pm. yes-
terday:
Thermomster-Yesterday, 1 p.m..
IS; g PM. 10; IL midnight, "a: today,
I am. 10; 8 am. IS. Maximum, 81, at
$3.50 pm. Yesterday; minimum. IS. at
Temperature same date last year.
Maximum. So; minimum. 50.
Observation-Disclosures 4 PM, 1887;
day, 4 am, 1880; 8 am, 2s.S2
-- Up-River Waters.
Special Dispatch to The Star.
HARPERs FERRY, w. Va, August
1.-THE Potomac and Shenandoah
rivers both were clear this morning.
Weather in Various CitisA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
Atlas Powder Dividend.

A dividend Of 3 per cent on the COM
mon capital stock Of the Atlss Pow
able September 10, 1918. to stockhoid-
ers OF record At the close Of business
on Saturday. August 80. 1919.
Tne stock transfer books OF the
company will be closed against the
Of business on Saturday, August 80,
1913. and will be reopened ut 500
ocIock Am. on wednesday, Septem-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
SOUTH AMERICA
IS NOW PROSPEROUS

The prosperity of the South Amerf-
can countries during the war period
is indicated in reports collected in con-
nection with bank deposits from the
Ave leading countries-+Argentine, Be-
livia. Brasil, Chile and Peru.
In 1914 the total value of bank de-
posits IN the above-named countries
amounted to 1886, 326,252. while in
1918 1t amounted to $i.0ss.760. 1913, an
increase Of over $10o, 900, 900.
The following figures show how each
country increased Its. bank deposits
during the war period;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
New Bank CAPITAL.

New banking capital to the amount
OF $2,osS.0oo is contemplated in ap-
plications for national bank charters
and tncfeases In capital stock of
going foncerns as reported by the
controller OF the currency for the
week ended August Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
Cottonseed Oil Market Dull.

NEW YORK, August 1s.-rhe cotton
seed oil market closed dull: spot. $500:
August, $500; September. e5:25; October.
1895; November, 22.00; December. 21.60:
January, 21.75: February, 21.S5; March.
21.85. Total sales, 1900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
Credit Conditions.

There are In Mexico in every line
Of trade many houses of responsible
ity. and tho matter OF extending cred
1t should be left to the discretion and
good Judgment of the representative
or agent Of the manufacturer or ex-
porter who 10 on the ground, and who,
by careful selection and personal con-
tact with the most important concerns.
will be In the best position to deter
mine whether or not credit should be
extended and on what terms The
personal investigation on the part Of
the man in the field should in all cases
be supplemented by q report from a
reliable bank with American connec-
lions or from a credit agency"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
STOCK Markets
CLOSED FOR DAY
New York Holiday to Enable
Clerks to Catch Up
With Business.
BY I. A. FLEMING.

With the New York and local stock
exchanges closed and nothing to at
tract traders or brokers to their Of
fees this was one of the quietest Sat
urdays OF the summer period.
In New York only the employees
gathered at offices and rushed
through a busy day in an attempt to
make their accounting nearer up to
date, as the active market of the last
six months has exhausted the clerical
force and the records are far behind.
1t was for this purpose that the
governors declared another holiday
today
usual up to midday and the usual
Saturday volume of business was
transacted. but 1t was largely routine
in character.
There was nothing in the way of
news or happenings: the street rail-
road problem occupies the efforts OF
several interests. while the 2.400 own
ers of stock in the Washington Rail-
way and Electric Company only hope
that the relief which they still be-
, lieve will be forthcoming from the
Public Utilities Commission will not be
too late to save their equities
The banks of the country are buying
the new Treasury certificates with
considerable avidity. They under
stand that the government depends
on the banks TO carry on, ana that
the proposition offered in the certid-
Gates is very attractive for the tenn
porary employment of funds which
can be readily replaced should better
opportunity offer.
The non-taxable feature Of the
certificates also appeals to careful
fnanciers looking for the final incre-
ment from interest, for the ~ per
cent certificates. plus tax exemptions
on normal income, offer much better
bargains, with assurance of stability
of a higher character than can be
found even in bonds or other securi-
>ties.
Personal Mention.
George o. Watson, president Of the
Liberty Savings Bank has gone to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
LONDON MONEY MARKET,

LONDON. August 1s-Bar silver,
So Sd per ounce; money. 81 per cent
IA per cent: thfee.nptnth bills.
9-16aSk per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
Money to Loan

Secured By First Deed Of Trust On Real Estste q
fFsvailing interest AID eommislasa- =
Joseph l. Weller. 80 W; sss L! L Tsu:.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
Needs Foundation Of Law.

'It IL certain that Mexico cannot
live unto itself and that sound busi-
ness relations can be built only on
foundation Of law and order and a
recognition OF just property rights:
The progress Of this rich country and
it's people will be marked when the
unfortunate chapters in it's recent
history are closed"
Ono of the interesting parts Of the
book is that which lists for American
exporters and importers the chief
products of Mexico. as well as the
goods of American manufacture which
are most in demand there. Domestic
banking problems are discussed with
particular relation to their effect upon
business Deposits" says the book.
are accepted by banks up to a lin
tied amount, and in some cases
charge Of I per cent Is made for the
privilege, the banks having neither
the means nor the desire to invest
money intrusted to their keeping.
In other words, the business now be-
ing done by these institutions Is on
day-to-day basis. with no evidence Of
that permanency and stability which
are essential. to a successful banking
business.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
Holiday on French Bourse.

PARIS. Friday. August 15.-Ths!
bourse was closed today because of
the holiday and will not reopen until
Monday morning. =,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-16
On a Cash Basis.

American trade with Mexico dur
ing tho last four. years and a half
has been on a strictly cash basis with
few exceptions" continues the pub
location, which narrates at some
length the credit practices Of typical
firms in their dealings with Mexican
buyers. It 10 certain. however, the
book points out. that tho bulk OF
Mexico's import trade will be done in
the future on q credit basis. and while
our proximity will always give us a
certain advantage in competition
with European manufacturers. other
factors. such as price and quality. be-
ing equal, they have on the other
hand the distinct advantage OF en-
tering the field prepared to extend
credit while American manufacturers
and exporters, with but few excep-
tions. are trying to maintain cash
basis.
1T il apparent that our competitors
for Mexican trade are closely in touch
with the situation and its possibilities
for ths future, and have been quick
to SEQ the advantage Of the entering
wedge which liberal credit terms will
give them in re-estab1ishing their for
mer trade with Mexico. In brief.
they are ready to accept whatever Of
risk there IL In the situation. and to
be successful we must do likewise.