davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16
MARKETS MOOD
MORE CHEERFUL
Transactions Were Obviously
for Professional Accounts
in the Main
M ONEY WAS EASIER R

New York, Dec. 1G.-The New York
Evening Suns closing financial review
today says:
Wall street was in relatively cheerful
mood today, and prices in the stock
market were for the most part strong.
Easier money rates and maintenarce
of improvement on the whole in the
foreign exchange contributed to the
better feeling, coupled with relief that
the mid month financial obligations
were out of the way with the minimum
Of disturbance having attended yester-
days fiscal operations.
1t will be a day or two before those
operations will be disclosed in banking
figures and estimates. Still it should
be said, perhaps. that money was easier
but not easy. nor il it apparent that
the street looks for real ease for the
remainder of the year at least, AS has
been pointed out from time to time
speculative liquidation--not necessarily
securities alone, but various commOdi-
ties in which dealings nre normally
large-has by no means gone far enough
to permit of relaxing Of vigilance or OF
careful scrutiny of the purposes to
which loans are applied. Standing
loans on demand were renewed at Z
per cent. the lowest renewal rate since
the middle of last week.
Although indications pointed to a
ouiet current of Investment buying, sug =
gesting that many believe that securi =
ties prices are running close TO bottom,
transactions today were obviously for
professional accounts in the main. Trad
ing was moderate in volume.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16
CURB ISSUES ARE
UNDER PRESSURE
Market Fairly Active, but With
Irregular Price Movements.
GiIIiland Oil at Record
GENERAL MOTORS HEIDI

New York, Dec. 1S.--The curb mar
ket was fairly active, with irregular
price movements in today's trading.
several issues being under pressure and
rejecting sales of inside stock.
The petroleum group, however. CON
tinued to respond to persistent buying
because of knowledge of increased pro
duction. GiIliland Oil attracted most
attention, moving up to the new high
record of 1905.
White Oil was firm, ranging from
42&t to 42as. Simms sold at 6O& to
d04. International Petroleum ranged
from 80 to 60. Houston was one Of the
weak features falling from 159 to 155.
Texas Chief attracted attention by it's
continued advance, selling today at 4OA
to 4412.
General Asphalt also showed a strong
tone, moving up from 1922 to 107.
Indian Packing was strong in the fore =
noon, advancing from 1TTs to 81, but
later lost nearly all its gain. Allied
Packing sold at 2S1a to 2S.
General Motors was fairly well held.
with sales at 33 to "a. Tobacco Prod
ucts moved up from 90 to 80 and
American Tobacco Securities from 0312
to GA. Cosden sold at 9A to ..
Marconi was actively traded in al
55s and 5M Montgomery Ward new
was. in supply, dropping from fl tc
Al III
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16
PUBLIC OFFERING
CITY OF BETHLEHEM


s. 1910 Sisso tie srSSa aaySr Sy @ City On s1anf seRc
der sg5 900 Fire Alarm and Police signal
System AZ per & cent Gold Bonds Series Series Of
bsag Al per cent interest per annum. pay y
;Hi W. s4SSS SsS p RrIgcPs aqaPt ;Sg
4 ike principal amount thereof on the FIRST
day of January i9 each, each and every year
q Jsnunry. i52S; $4,000 principal amount uni
thereof on the first day Of January, 1926
irst di day Of january n each and every year
thereafter until and Including the fret day
81 sioSo 800 and 500 or Dsrtiy IN ''Sas eSoR Of
SAID denominations as the Mayor may de
ne in Ssr 62 S SSs Tth as
as ~ principal; both & principal and nd. Interest
deduotion so far permitted by law, for
taxes other than suceession and Inheritance
kSis 81 the bonds Is subject 10 the final
No alS s p e civ Il Goana
i1lng the issue and sale thereof Said Ordl-
S:ar paSSsS aHG ~ g. on 5' i6I
Anal passage on December "a. 1919.
fSr sss PSeSssSe SSsast Of m these bonds
Tlis sssRsfsof Each Prop9sal must be "s sealed
Snd M must 81 be accompanies, BY a certified
qHssm Trssnursr Tor per cent OF the mar ar value s
n the bonds bid for, Checks Of unsuc-
ssFl esoSfis viii be- e opensd al osiorEE irEes
s5 Ne Ia. & T:}sf & e. 4
@ IA seerasd interest will be ,ogss%d,, eG;sgsTd
HpGHEs.
5Ecity clerk
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16

hand, Lehigh Navigation and Lehigh
Valley were firmer and each 25 cents
higher at 90 and 41% respectively.
Following in line with Federal Re
serve Bank of New York, the directors
of the local federal institution today in
creased discount rates on advances and
rediscounts secured by government war
obligations "A per cent, bringing the
new rates into line with rates on com
mercial paper. This action was fore
shadowed and practically had little eff
feet on the local money market situa
tion.
1t was the testimony of the officials
Of the leading loaning institutions today
that there is nothing in sight to en-
courage hope Of any material change in
money market conditions from a local
viewpoint.
Possibly never before. except in panic
periods, have the weekly meetings of the
directors of the various local clearing
house interesting had before them
such interesting material covering the
banking situation. Not only the money
market situation, but also the securi-
ties markets are at the moment fur
nishing plenty of food for thought in
bank parlors. The credit situation is
being annlyzed with the greatest scru-
tiny. These are days when bank d.
rectors are working in earnest.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16
FOREIGN EXCHANGE

New York. Dec. 16.-The foreign eX-
change market was firmer at the out
set this morning. demand sterling being
3. 73A and cables 3.74l4. Franc checks
were TO- 40 and cables 1923. Italian
checks were quoted 1927 and cables
1925.
Other quotations were:
Swiss checks $50, cables 5,+s; Hol-
land checks 379a, cables 37M pesetas
checks 10, cables 1915; Stockholm
checks 2O.75, cables 20.90; Christiania
checks 1870, cables 1875; Copenhagen
checks 1855, cables 1850; Belgian
checks 1917, cables 1915, and marks
2.15.
There was a substantial rally in the
early afternoon in the foreign exchange
market, sterling showing an improve :
nent of about 9 cents, francs around il
centimes and lire about 80 centimes,
with reichsmarks 4 points above the
opening.
Late quotations follow:
Demand sterling 3.77, cables 3.7TH
franc checks 1927, cables 1928; lire
checks 1899, cables 1897; reichsmarks
2.15.
The rally was general throughout the
entire list.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16

LOCAL STOCKS DISPLAYED
SAME DROPPING TENDENCY
Continued DribbGng Liquidation of Seasoned Dividend
Payers Giving Street a Case Of Nerves

The same dropping tendency was
again in evidence in the local market.
FURTHER price concessions were slight,
but it was the interrupted, irritating,
liquidation that seemed to be
gettlng on the nerves of the Street.
This selling still centered around the
same local favorites and naturally ex-
erted II more or less depressing infu-
ence upon the balance Of the list. Penn
sylvania Railroad continued to be Of
fered freely, but the demand about
cqualed the supply which served to keep
the prevailing price within a shadow
of the bottom price of the year.
The same may be said Of United Gas
Improvement which appears, for the
time being at least, to be successfully
pegged at o. The Kansas City deal
is more important than generally ap-
preciated. in that it means the solution
of trying problem which had given
the management more or less concern
in recent years.
Philadelphia Electric likewise con-
tinued to be supplied at the bottom fig :
ure of the year at 24is. Union Trac =
tion sold in small lots at its low water
mark of "a. One block of 1000 shares
changed hands at this price.
Moderate offerings depressed Amer
lean Stores 30 cents to 40. and Lake
Superior lost 81, declining TO 20.
but later rallied to CO.'S. On the other
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16
NEW YORK COFFEE MARKET

New York, Dec. 16-The coffee mar
ket opened steady at advances of to z
points on better cables and a moderate
Wall street demand, The market is so
narro% that it responds readily to small
orders either way.
Shortly after the call private advices
were received reporting an advance in
the Rio market. This started a cover
ing movement, which carried September
to 15.47, or IA points above the pre-
vious closing, but trading was extremely
quiet.
The unsettled Brazilian markets, to-
gether with a poor demand from Eu-
rope for actual coffee, were more or less
Of disappointment TO the bulls, and
it is not now believed that any consid-
cradle advance can be maintained in
Brazil until the money market i'm
nrovpg
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16
LIVESTOCK QUOTATIONS.

Chicago, Dec, Receipts, o.
1910 light. s1a.G5@l4; Hight lights. s1S. 2aI
ia ia 50: 81 PACK pacis!ns so%s Rough sis5o@is;
1 cATTfEG $4,000, Lower. Beef
prime S1s@2O; medium and good SlO.75@
i77b; common. $s5G@iC, 79; Light weight,
%sdud sTs eews sa''S fs? es6
Sfi7 &i7. So; a fesSs? steers. s7Si5; sf0ekST
s'fsE1 sHhEP%Re sPg 80. 600 head. Weak
Lambs. sl5.2Sei725; oulls and common,
;ii, 80 a15; ewes. medium. good and choice,
Ss@iO25i culls and common. s4,5Oq7,75,
oepa Fite'eaFF"h so9o head % Higher Ss Hf HeaylSs
gi4.2!; heavy ysSnrkers' light yorkers and
head. sdSs STEADY Top sheep $3.50 sio.5O top top
!" It'Sf f.vEEts%Receipts 125 head. STEADY.
Top. $40
RgesD, Esit hnSlo T. R:S 5'G4yrtE Gsiyss
osg5s go nss4 so Zoo: awsr Rsss s6ds
and pigs. tl4.!55 few. 'l4,S5' rOughs, sls9
ID; SHEEP All s!eSS AS8 shS LAMHs-Receipts. 1000
read; Lambs, 80 cents higher. Lambs $40
East St: Louis. Dec, 16.--HoGs--Re-
ceipts. 10. 900 head. Higher Top, sl4. 40;
bulk. si3.7O@i4,1h: heavy weight Sis 10 a
1925: medium weight. 11s. s.Go@1t30 light.
t1s; go Ola. 10 light lights slSGls;s6; heavy
COWS, rough, 'll,7s@12.5Oi pigs. tli.T5d
'CATTLE--Receipts, $500 head. Lower
Beef steers. medlunl and heavy choice and
prime sl7 75@l9.15 medium and good,
Sl1 25@17.60: common, $S.b0G11; light
and choice, s14420; common and medium
ss a 10. 25; butcher cattle. heifers. 81, 75G
10; cows. 50. hOg12; Gamers and cutters,
S4759e2b; veal calves. light and handy
weight. S13Ql0.2S' feeder steers. s6.6O@12
sHEEP-Reeelpts, 1000 head Steady
Lambs. si3 75@l0.T1; culls and common
s7Gi3. 25; yearllng wetherss sil 500 II 10
and common. sS.50d6,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16

New York, Dec. t6.--Altogether the
program of procedure of today's stock
market differed but slightly from the
curious mixtures Of the immediate pre-
ccding sessions. Specifically the tone
was improved and in parts of the gen
eral list, notably the industrial spe
ciaIties, substantial advances were
scored. There were also heavy spots
and there were weak spots. All com
hiupd. tended TO emphasize not only the
professional domination but also TO fur
thcr effect the mental confusion of the
entire trading contingent. professional
and scmiprofessional as we'll.
Technical conditions and other de-
veiopmcnts, including the more stable
exchange market and the per cent rate
for call money, We're helpful to the con-
structive side. The big development, OF
course. was the lower renewal rate for
call money. This WAS OF more impor
tancr in that it seemingly indicated the
more acute stage of the money short
age had been passed, temporarily at
least. As matter of fact many who
have been attaching most Importance to
the money situation were this morning
better satisfied with the outlook than
they had been at any time during the
preceding four weeks. Many of the
large handlers of money asserted money
will be easier from now until the close
of the year. At the same time, how -
ever. they state there is nothing in
sight 10 give hope for any important
relaxation of the control which is being
exercised over stock market speculation.
This is something like placing u table
ovprladen with rich food before hun
CRY man. but just beyond his reach.
As result of the technical conditions
or the ovcrsold state Of the market quo
taticns were generally established on a
higher level after the irregular start.
The small supply of the popular specu-
lative industrial specialties, especially
the motor and oil stocks. made substan-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16
FINANCIAL
Proposals
PUBLIC OFFERING
CITY OF BETHLEHEM

Notice is hereby glvcn that on January o.
1870. the Mayor Of the CITY OF Bethlchem
f40s, 900. Bethlehem bridge 4 i q Gold Bonds.
Series Of 1920. &c. be dated January /. 1870
20 bear 4h 20 interest per annum. payable
to in I'M
shsreof on the first day OF January. 1925
Sf8.ouJ principal amount thereof on the first
day. Of January. 1929. and sl6, 900 principal
In each and every year Thereafter until
andsinciudinE the first day of January. 1919;
10 be II. denom!nation9 Of $1,000 and $500. or
Mayor may determine IN order to comply
With the desire OF the purchaser or pur-
ehaserS. registerable as TO principal botn
office Of the City Treasurer In United States
gold coin without deduction SO far as per
t1ittsd by law. for taxes other than sue
cession and inheritance taxes; further In
Formation may be had on application to fhe
Sale of the bonds Is subject to the Anal
a. Bill No. 1872 Of the city Council au-
thorising tho issue and sale thereof said
ordinance was introduced November "a. 1910.
final passage on December ~. 1919
Proposals for the purchase of these bonds
are hereby invited. subject TO the approval
validity thereof. Each proposal must be
scaled; must be in the hands Of the Mayor
Of the city on or before u. m. January
sertified check payable TO the order OF the
city Treasurer. for 2Ps Of the par value
81 the bonds bid for. Checks. Of unsuccest
The. proposals will be opened at O'Clock
r.. on JanuSTy D 1870 at the office
par m W and accrued Interest Will Gs ,ascepted
Mayer q the City of bethlehem, Pa.
s City Clerk,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16

HARDENED AFTER
THE IRREGULAR OPENING
Technical Conditions and Easier Money Rates Influenced
Moderate Covering by Short Interest
tial gains possible in this division 70 the

tial gains possible in this division 70 the
list.
The more significant movement, how
ever, occurred in the steel shares, that
group being in demand from the start,
and moved ON more even keel during
the entire session than any other quar-
ter Of the list Signs were in evidence
that the group, as Il whole, had been
heavily Oyrrsold in the recent period of
unsettlemcnt, They were likewise
strengthened by the knowledge of the
much improved conditions at the plants
as result of the settlement of the coal
strike and the labor controversy. There
were no sensational upbidding. apart
from the early bulge in trucible steel,
on the contrary, gradual and substan
tial gains were made under the leader
ship of L. =. Steel.
One conspicuous weak spot developed
in Transcontinental Oil. which in the
second hour suffered sharp break of
IrointS The movement apparently re-
flccted liquidation Of a large pool, which,
according to the street gossip, were un
able to renew loans and were forced to
throw overheard considerable line of
their holdings.
The railroad stocks to some extent
displayed firmer tone, and the sugar
shares also improved. despite the prob
able continuance Of federal control
Aside from the industrial speculative
speciulties. the movement on the general
market was still on very narrow lines,
although it was able to keep its head
to the windward during most of the
morning session.
Around midday the customary halting
spell prevailed. Profit taking i'll several
Of the speculative industrials and fresh
heaviness Of the low grade oils impart-
ed an uncertain tone in the early after
noon.
Motors, oils, steels and equipments
were at maximum quotations in the
later dealings when call money were
freely offered ut Il per cent.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16
moNEY.LENplNe RATES

NEW YORK-Money on cali, both
mixed collateral and all industrial col
lateral, opened today at z per cent for
lending and renewing.
Time money today was 61a bid for
mixed collateral and ~ to 3 per cent
for all industriGls. There was very
little money loaned at these rates.
Acceptance bills were quoted at from
5h to AS per cent discount
The market was quiet.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16
NEW YORK CURB tcontInuedl
BONDS
Reserve Banks Discount Rates

Official discount rates at the twelve
Federal Reserve Banks were as fol-
lows:
(The first column gives rates for ali
periods up to and including a fifteen
day maturity, the second for period
of sixteen to ninety days. The third
and fourth columns give the rates for
discounts Of collateral loans secured by
government bonds or notcs.)
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16
Govt paper
Com'l rper
BAR SILVER

Commercial bar silver was quoted in
London today Ad above yesterday s top
price, at 701sd an ounce. The price in
New York was 81 .331a, gain of 1ac.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16
New York Natal Market

New York. Dec. 10, - coPPER = All
February ana March. I, i06 i, ,p0e.. Markst
erFn Z !, ! seslssr y East 81 +ouisr-h moptss'
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16
BANK cLEARlNas

Bank clesTings today compared with cor
teaponding dav last two years:
phlia, .e112.gT9.27a $40 V42 f80 t70. GA. 02i
boston. l12,e14,lae 81 0fD aD2 6f,7NO 222
n. ~. l.Ssa'eif.ope 76''ia12S5 aSe''i5i'o25
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16
WestmoreIand Coal Extra Dividend

The Westmoreland Coal Co. has de-
clared quarterly dividend of 21s per
cent and an extra dividend of 21a per
cent, payable January = as registered
December 49, Books close December,
16 and open January 8.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16

pRoposhIs FOR NURSES NORFOLK
afffTe-Office OF the ouarternRster Cen
.-ei csiothing and EauipaRs Division: sesied
,,ronosais IN Duplicate VIII be received here
ssnfN III a. M. December 20. 1912 for fur
,i4s1@ ana information obtainAble from
f,Sa9frIn y. r. Van Horne. Jr.. Room 1921
tis'ft1+icns 4lulldlnR Washington, d, O. or
x Ione supply Otiee 2iSt 81. and OREGON
',lfe+ Phlladelnhla. Pa.
,,.r,[1rogALs FOR NURSES ovERcoATs-
|.Iifr of the Quartermaster General Cloth.
\. \ md Fduipage Division Sealed proposals
,.i 1opiioafe VIII be geceved here until 10
r. l..rrf f1rerlnber 20, 1Dfp for Furnishing hS7
~. ..ttrff overcoafH, Proposal blanks ana Iu.
fse1},a{gon ohfainnblh from Captain j, II van
u. Xxx Ir Nhhfn 10at. Munitions Buiidinx
>s,i s}infieo. ~ g 9r from Zone Supply
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16

LONDON Money is quoted at Ia
per cent. Discount rates, short bills,
5 # per cent three months bills, 6es
per cent.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16

PHILADELPHEA--Call, @ per cent f;
time, 9 per cent commercial paper,
three to six months. 5A per cent, and
six months, 5A@0 per cent.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16

Total sales 19.5O5 shares. compared with
1900 shares yesterday. Thus far this
week 27,il5 shares. Same period last week.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-16

met change made by comparison with last
ale on New York Stock Exchange.
The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-07-05
DRAFT ANSWER
TO AUS7RIANS
Peace Conference Commission
on Geographical Frontiers
Holds Session.
OTHER GROUPS MEET
Many Issues Studied-Execu
tion of Treaty With Ger
many Considered.

Paris, July 5.-( Havas. j.
The peace conference commits
sion on geographical frontiers
met today to draft an answer to
the note of the Austrian delega-
ton on the question of the flu
ture frontiers of Austria. Capt.
Andre Tardieu presided.
The commission in charge of
the execution of the treaty with
Germany held it's first meeting
today, while the supreme inter-
allied council met in the after
noon to consider questions in
the Austrian ard German treaty
as well as the revictualing of
central Europe.
Berlin Strike Serious.
Berlin, July ga P.)-Leaders Of
the striking street railway employees
and the. municipal and government
officials continued their conference
last night In. an effort to settle the
strike. At late hour, however, pros
poets were not favorable.
The strike which is in its fourth
dayN Is proving a great menace to
economic life OF the city.
The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-07-05
ONE HUNDRED DEGREES
Thermometer Runs Up to centuF
Mark In Five Cities on Fourth.

Thermometer Runs Up to CentuFy
Mark In Five Cities on Fourth.
Washington, July 5.-ThermomettK
readings in five cities-Washington
Boston. Hartford, Conn, PhiladelphRs
and Harrisburg-registered 100 degree =
yesterday, and weather bureau fore
casters said the day was one OF tlif
hottest Fourths of July on record The
warm wave extending over the east
chiefly was remarkable for the size ,oi
the area covered taking In everything
from the Mississippi valley east to the
Alta ntc coast. At Chicago the official
record was 96. Predictions were for n
fall in temperature by Saturday night
and very general thundershowers.
At Toledo the official temperature
was 81 degrees. but the weather bu-
reau said that stories of much higher
temperatures in the ring where the
Willard Dempsey championship fight
was staged were to be believed. be-s
cause arena conditions made for build-l
ing up unusual heat conditions.
Tonight the weather bureau renewed
its warnings to the British dirigible
R-34 en- route to New York to be pre-.
pared for thunderstorms and similar
disturbances beginning Saturday after
noon. The messages were relayed
through the naval radio stations to the
yeasei
The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-07-05
GERMANS DESIRE
TO OBEY TERMS
Begin Compliance Vita
Conditions of Treaty
at Once.
ASK ORAL CONFERENCES
Same too Start Early Next
Week, Regarding A
Reparations.

Paris, July ga. P.)-Gerr
many has indicated her desire
to begin Immediately her COM
pliance with the terms of the
peace treaty regarding rcpara-
tions. Her request for oral con-
ferences of German economic
experts with allied experts has
been granted.
The conferences will be be-
gun early next week, according
to present indications.
A permanent reparations commis-
sion has not yet been appointed by the
allies. Until 1t is constituted the
commission which had been created
to name various conferepce commis-
sions will act in the German nego~
tiations. The American member Of
this commission Is John Foster Dull
les. The fact that these negotiations
will be personal marks the new sta-
tus of the relations between Germany
and the allies.