davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-25

ter. He advanced into the semihnals when
outpointed by of the British l5O-pound-
ers. At tho time Cal scaled only t39.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-25

Gdrry Crdudth Is cleaning up. so that j
car leave the cellar IN good shape for tn
nert tenant.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-25

The rrodIEal has returned pavy Rob;
ertsOn IL back in baseball. He has signed
a two.ycar contract with the Cubs.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-25

The fans kept bowling for Gavyy Cray
nth IN ninCh hIt but appa rcntlv the Cali
fornia son doesn't want to shine In the
East
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-25
What May Happen
in Baseball Today
NATIONAL LEAGUE

TODAY'S SCHEDULE
NATIONAL LEAGUE
BrookIyn rt Philndelphia-CIenr.
Boston at New York-Clear.
Cincinnati nt Pittsburrh-Clenr.
Chicago nt st. Louis-Clear.
AMERICAN LEAGUE
athletics at WashinEtOn-Clear.
New York at Boston--Clear.
Detroit ut Clrreland--t!eur.
st. Louis nt ChicaEo-Clear.
INTERNATIONAL LEAGUE
Jersey City at BinEha
Newark ut RochestFr-tlear.
Baltimore at Toronto--ClOudy.
Reading at Bufalo-Clear.
YESTERDAYS RESULTS
NATIONAL LEAGUE
!: BROOKLYN, @ u1 innings).
New York. I; Boston. 4.
Cincinnati. 3: Pittsburgh. l.
AMERICAN LEAGUE
nshington I: Athletics. o.
Boston. 4: New York. 3.
Detroit. 4; Cleyel land. g.
Chicago. 1; st. Louis. 90 innso.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-25

Molwitz threw his hat Mt, Reuthcr Wh%%nf!
he was hit by pitched ball. Molly
shouldn't mind little thing like that.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-25

Joe Tiplitz ls spending few days at his
tonal battle with Johnny Dundee in Boston
last Monday, he decided to take short
rest. He Will return tomorrow and start
work for Frankie Britt. TipIitz now Il
meeting only the headlners. His Knockout
win over Chaney has boosted his boxing
stock.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-25

JAS. F. DOUGHERTY Presents
D.k Johnny Kilbane, Worlds Champion,
DSSl vs.. Joey Fox, British Champion
Kid Norfolk VS.. Jamaica Kid
~ and three other thrilling bouts.
VA making great show.
PHIILIES' PARK next Monday
" night Tickets. 81. So, 50; proper
ear seat guaranteed. Upstntcrs, come
SA down. Buy today. Edwards. Gim-
bels, Spaldings' and Bingham.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-25

Jack Weinstcn, the hustling treasurer OF
the Taylor-Gunns promoting combine had
word from Leonard yesterday. The new
president OF the Pine Street Debating So
clety will arrive Monday. afternoon The
regular monthly meeting Of the dehaters will
be held az the BINGHAM Hotel Tuesday night
New-York tribune., 1919-06-28
FINANCIAL BUREAUS
Tribune Building
154 Nassau Street
The Markets
Stock Movement and Money


Trading in stocks was resumed at
million share pace yesterday. The ad-
vances reached several points in a
number Of issues. American Woolen
gained z points. Chandler Motors at
one time was 10 points up from
Wednesdays closing price, and General
Motors S, but half Of these gains were
lost. Republic Iron and Steel was
notably active, 23,6oo shares changing
hands with a net gain of 3A points
Steel common CLOSED at 10SA, up /.
There was no news during the day
Of great importance. Even the report
from Holland that the Crown Prince
was still interned there had no effect,
because, though the previous story Of
his escape had been generally credited
nothing more than "human interest"
Importance had been attached to 1t.
Most remarkable, however, was the re-
newal Of call ldans at and 5h per
cent, following the and 91a per cent
renewal rates Of Thursday. At the
close of the day the rate had even
fallen to Az. This was not only graft
flying in itself, but was taken as an in
dication that the banks had completed
their preparations to take care of July
disbursements.
New-York tribune., 1919-06-28
New York Interests
Back New Oil Company
Sims Petroleum Owns Large
Acreage in Texas Produc-
ing District

The Simms Petroleum Company,
with extensive acreages in the Texas
oil fields, has been organized with the
backing of strong New York financial
and business interests. The new COM
pany, it was announced yesterday, has
been incorporated under the laws of
Delaware with 100000 shares of stock
of no par value, of which 425,O0O will
be issued Immediately. Knauth, Ma
chod & Kuhne have formed syndi-
cate to underwrite the purchase and
resale of 144,000 shares, all the pro-
ceeds of which go into the company's S
treasury for development work
Harry Bronner, president of the
Missouri Pacific Railroad, will be
chairman of the board of the new COM
pany, and E. F. .Simms, vice president
of the Sinclair Gulf Corporation, will
be president. In addition to these the
directors will include Frank H.
Bethel, vice president of the New
York Telephone Company; Edward
Cornell, of Davies, Auerbach & Cor
nell; O. L. Gubelman, of Kanuth, Ma
chod & Kuhne; S. T. Morgan, presi-
dent Virginia. Carolina Chemical Com
pany; William H. Reid, Frederick w.
Scott, John T. Scott, president First
National Bank, Houston, Texas; Fin
ley j. Shepard, vice-president Missouri
Pacific Railroad; Ernest Stauffen, jr.,
vice-president Liberty National Bank,
and John j. Watson, jr., vice-presdent
International Agricultural Corpora
tion
New-York tribune., 1919-06-28
Wall Street Items

Henry Mickauer and Charles Horne,
aminer. were elected vice presidents of the
Bank OF the United States
Howard s. Mott. vice president of the
Irving National Bank. has been elected
director of the Allied Packers Inc.
The Mercantile Trust Company has dis
tributed TO employees sums amounting 70
90 per cent of salaries for the first SIX
months OF the year.
Charles Hayden. OF Hayden. Stone Co.
has been elected a director OF the Adams
Express Company.
Henry L. Servoss has been elected vtce.
president and secretary OF the United
States Mortgage & Trust Company xne
Chaunccey II. Murphey was appointed vice
president and treasurer. Arthur w. kee-
vii was elected assistant sccteta.y
The Guaranty Trust Company OF New
York. and Graham. Parson g. Co. of Phila..
delphia. have been awarded an issue OF
$375.000 City OF Johnstown Penn tax
FREQ 4is per cent honds. due 1855 and 1913
Coupons due July on the United States
Realty and Improvement 20-year dehen-
ture per cent bonds will be paid on THAI
day on presentation at company's oficeA
Frank II. KAin has been elected treas.
urer OF the Keystone Watch Case Com
pany. succeeding the late c. NJ Fogg. Ed'
ward r Stotesbury and q. r. Henson were
elected 70 the ooasN OF directors
New-York tribune., 1919-06-28
Railroad Committee
Discusses Car Trust Plan
Document Sent 10 Individual
Roads for Their Ap.
DrOyal

Members of the special committee
on ALLEGATION and financing Of equip
ment of the Association of Railway
Executives met yesterday to consider
the plan Of New York bankers provid-
ing for the creation of a general equip
ment trust to finance the cars and loco
motives ordered by the railroad admin
istration and allocated to the different
roads The committee voted to imme-
diately transmit the document to the
member roads for their consideration,
the near future.
The railroad administration already
has the plan before it, but it is under
stood has not yet reached any conclu-
sions. The members of the railroad
executives ALLEGATION committee are !:
I. De Witt Cuyler, chairman Of the
Association of Railway Executives; !;
Alfred P. Thorn, general counsel; S. M.
FELTON,, president Of the Chicago Great
Western; Howard Elliott, president of
the Northern Pacific; ". H. Finley,
president of the Chicago & North
western; Charles Hayden, president of
the Chicago, Rock Island & Pacific;
Charles A. Peabody, president of the
Illinois Central; Samuel Rea, president
of the Pennsylvania Railroad; E. P.
Ripley, president of the Atchison, To-
peka & Santa Fe; w. G. Besler, presi-
dent Of the Central Railroad Of New
Jersey, and Mark W. Potter, president
of the Carolina, Clinchfeld & Ohio.
The value of the equipment to be
pledged under the certificates proposed
to be issued under the plan of the
bankers committee is approximately
S400, 900, 900, but initial cash payments
by the forty or fifty owner roads will
probably reduce the certificate issue to
under $30O,000,O00.
New-York tribune., 1919-06-28
Canada WilICet
$75,000,000 Loan
To Pay Off Notes
Condition of Money Market
Will NecessitAte Payment
of Higher Rate of Interest
Than in 1917, Is Belief

Negotiations are on between a pow
erful New York banking group and
financial representatives of the Cana
dian government looking to the fota-
tion in the American market next
month Of S75000,000 loan in favor
of the Dominion. The proceeds of the
new issue will be used to pay off the
major part of the $10O,0OO,00O two-year
s per cent Dominion loan maturing on
August l next
The same banking group that
brought out the $100,O00,000 loan in
1917, now maturing, is handling the
negotiations in regard to the new is
sue. This group consists Of j. P. Nor
gan & Co., Brown Brothers & Co., Har-
Bank, the National City Company, the
Guaranty Trust Company, William A.
Read & Co. and the Bankers Trust
Company
Details Now Discussed
Conferences between the bankers
and the representatives of the Domin-
reached a point where the important
details Of interest rate and maturity
are being considered. Bankers said
yesterday that definite plans with re-
gard to the exact form the loan will
take would probably be reached by
next week.
The New York bankers would say
nothing yesterday relative to the rate
or maturity Of the proposed new issue,
but it is believed the interest the Do
minion will have to pay on the bor-
rowed money will be at higher rate
than was paid when the 100000, 900
loan was f1oated in 1917 bearing an in
terest rate Of s per cent. That loan
was sold to American investors at SO
and interest to yield an income return
Of about 6.07 per cent. Changed con-
ditions in the capital market, it is
stated, will probably compel the charg-
ing of higher interest rate than in
1917 1t is expected also that the new
loan will run for a longer period.
The visit of j. P. Morgan, head of
the house of j. P. Morgan & Co., to Ot-
tawa about fortnight ago is under
stood to have been in connection with
the new Canadian loan.
Outside of Dawson Plan
1t was pointed out yesterday by Wall
Street bankers that any loan that may
be made to Canada will fall outside Of
the so-called Dawson" plan for after
war finance, since the international
programme of reconstruction finance
under consideration by the bankers
has to do only with taking care of
Europe's needs.
New-York tribune., 1919-06-28
Banks Not Needed to
Help Carry Grain Crop
Grain Corporation Announces
Agreements With Millers and
Dealers Will Be Executed

With total of $1,150,0oo 900 at it's
disposal for financing the purchase and
carrying Of wheat purchased from the
farmer under the government guaran-
tee, the United States Grain Corpora
ton, which is handling the crop again
this year, is not expected to call upon
the banks for any large loans to help
carry the crop. Last year the corpora
tion borrowed several hundred millions
OF dollars on acceptances during the
season in order to carry the wheat
until it would be liquidated.
A letter sent out by Julius H. Barnes,
United States wheat director, to more
than 300 banks all over the country
with regard to the new form of con-
tract between the grain corporation
and dealers and millers and its bear
ing on credit that banks may advance
to dealers and millers, says:
The wheat director, in order to
make effective the Congressional guar
antee of wheat price, proposes to make
this effective to the producer by trade
contracts, particularly with those trade
agencies reaching the producer, rather
than by license regulation.
with this in view, after numerous
trade conferences, we have devised
contracts which we expect to execute
with probably 5000 mills, $1,000 grain
dealers, 5000 -four jobbers and $1,000
bakers. Through these contracts is
constructed a machinery to reflect a
lower resale price of wheat products
in this country, should that become
necessary, and with the least possible
chance for misrepresentation or abuse.
at is an essential feature of these
contracts that those facilities that buy
from the producer should pay the guar
antee price as named in the Presidents
proclamation, or fair reflection there
Of, and contracts with these two trades
are framed accordingly
fullest understanding and confidence
that credit extended to those facilities
on basis Of their contract obligations
to pay the guarantee price will be prop
erly secured"
New-York tribune., 1919-06-28
British Bankers
Not Supported in
Loan to China
London Reports Govern.
ment Upholds ,Japan's
Protest Against Belgium's
Participation in Group
,NeU York Tribune
Special Correspondence


LONDON, June 27.-The interna-
tional banking group which has under
consideration loan of $100 100000 to
China has struck a snag here in the
refusal of the British government to
give the support desired by the bank
ers. Japan has also protested against
the terms by which it is planned to ad-
NIT Belgium into the consortium. Both
the British and American bankers are
IN thorough agreement, but the former
government, which sides with Japan,
has thus far failed to uphold its own
bankers. Several conferences have
been held on the matter during the
last few days.
Under the terms of the tentative
agreement drawn up at the Paris peace
conference by the four-power group,
consisting of Great Britain, France,
Japan and the United States, China is
to obtain an aggregate Of 100000 900
from series of loans to be floated in
the allied countries.
While the details remain to be
worked out it is understood that the
programme provides for at least four
separate loans Of SEE, 900 900 each, to
be negotiated from time to time as
the funds are needed by China The
terms, including the rate of interest
to be charged the Chinese government,
are to be determined at banking con-
ferences of the allied groups after the
peace treaties have been signed.
A countrywide syndicate of more
than thirty American banks will
handle the portion of the Chinese
loans to be allotted to the banking
group in this country. 1t is believed
that the bulk of the money loaned to
China will be obtained here.
John J. Abbott, Of the Continental
and Commercial Trust and Savings
Bank of Chicago, recently returned to
this country from China, where he
made an investigation of the finances
OF that country with the view of re-
porting the results of his findings to
the American bankers. The nature of
his report has not yet been disclosed.
New-York tribune., 1919-06-28
Wealth-Market Investments
Gold From, the Enemy!

German and Bulgarian gold has
been turned over to the United
States authorities for American
wheat and -four shipped into those
countries by the United States
Grain Corporation under the agree
ment reached early in the year.
Both countries had the alternative
of paying in gold or in goods, but
they found it impossible to ship
goods, owing to the blockade re-
strictions. In the case of Germany
a substantial amount of gold was
shipped to Brussels, Belgium, and
deposited there to the account of
the Federal Reserve Bank of New
York. In the case of Bulgaria the
gold paid the grain corporation for
wheat and -four was deposited by
the Bulgarians on United States
battleship in the harbor of Constan-
tinople. Since, however, Bulgaria
has shipped goods to the United
States, which are being sold in order
to make possible the return to Bull
garia of the gold deposited.
New-York tribune., 1919-06-28
Bill Introduced
To Aid i'm Financing

WASHINGTON, June 27.-A resolu-
tion having the support of the Federal
Reserve Board and designed to help
provide long term credits for corpora
tions engaged in foreign export trade
was introduced in the House to-day by
Representative Platt, Of New York.
The resolution would amend Sec
tion 25 Of the Federal Reserve act 50
that any national banking association
might invest up to per cent of its
total capital and surplus in the stock
of concerns, chartered under United
States laws, which we're engaged in
foreign or international financial oper-
ations relating to export business.
The resolution is in accord with
plans recently suggested for the for
nation of an inte national credit cor
poration to provide long-term credits
to European nations in their struggle
for rehabilitation.
New-York tribune., 1919-06-28
B. r. T. Companies
To Default on Tulv I

1t was announced yesterday by Carl
M. Owen. counsel for Lindley M. Gar
rison, receiver for the Brooklyn Rapid
Transit Company, that the directors of
the B. R. T. system had decided to de-
fault temporarily In the payment of
the interest due July + on their bonds
and mortgages. The B. R. T. holding
company, now in Receiver Garrison's
hands, also will default it's july in
terest.
The three companies which are to
postpone the payment of the July in
terest are the Nassau Electric Rail
road Company. the Brooklyn. Queens
County g. Suburban Railroad Company
and the Coney Island & Brooklyn Rail-
road Company.
Mr.. Owens explained, however, that
the quarterly rental due July l from
the Brooklyn Heights Railway Com
pany to the Brooklyn City Railroad
Company for the use Of the Brooklyn
city's properties will be paid.
New-York tribune., 1919-06-28
Debts Among Nations

Fortunately, the amount we owe our
creditors is comparatively insignificant
Yet If an Italian must pay under pres
ent quotations $1.35 for every dollars
worth OF American goods, not counting
what ne pays for ocean freightage,
man IN India can get a dollars worth
OF American goods for II cents. That
means that Italy owes US a balance and
that we owe India balance. Below is
appended a table from Dow, Jones &
Co. of the approximate present value
Of the dollar in various countries:
New-York tribune., 1919-06-28
NOTICE TO BOND BUYERS
ADVERTISEMENT FOR BIDS.

The incorporated Town of Lusk Wyor,-
ing, Will receive bids until 90 O'Clock
p. N. Saturday. July 18TH. 1919 for the
purchase OF their water works improve
ment bonds in the sum of $500 900. due in
thirty years. optional in fifteen years. ana
thousand dollars $3.50 o0o) due in twenty
years, optional in ten years. both water
and sewer bonds to be issued in denoInina-
tions of $1,000. and bott. issues to bear IN
terest at six per centum per annum t6%l:
interest payable semi annually. in July ana
January. Both Issues to be dated July Isl
1919. Detailed information may be OBJ
tained from, the Town Clerk upon appiica-
ton. GEORGE H EOWES Mayor.
d. e. GODDARD, Town Clerk.
New-York tribune., 1919-06-28
The Gold Paradox

We are sending gold to all the coun-
tries to which we owe it. As general
thing we have bought more goods from
those countries than we have sold to
them, and as the government no longer
forbids it, we are shipping gold to make
up the difference. But the countries
that might be sending gold to US to
pay their debts here refuse to send it.
This might create a serious condition
were it not that we already have more
gold IN this country than we know what
to do with and can gladly spare it. For
the first five months Of the present year
the outside world has gone into our
debt to net amount Of $685. ZOO, 900.
That would be about the amount of
gold we would have received In those
five months if all the gold markets of
the world were free. As fact, tho net
amount of gold we received in those
FIVE months was just $10,27o,ooo.
The outside world now could not send
US gold to make up this trade balance
without causing serious disturbance
financially. The s1,S18, 900, 900 owing
to US in five months is equal to the en-
tire gold production Of the outside
world in the last five years. The high
est gold production for the entire
world for any single year was $469.-
100000 in 1915. Thus we have a curl
Gus anomaly. We are losing gold be-
cause we have free market in a
world Of caged-in markets, whereas If
al markets were free we would be re-
ceiving the metal at rate unprece-
dented. We are paying our creditors
and receiving nothing from our
debtors.
New-York tribune., 1919-06-28
The Dollar in Foreign Exchange

Exchange rates moved sharply against
London yesterday with demand sterling
closing at SASSY and cables at $4.59h
Both rates were close to the low record
levels established a few months ago
following the removal Of the restric-
tions upon the sterling market.
French exchange was slightly firmer
at 6.43h francs to the dollar for checks
and 6.41h for cables.
Neutral exchanges were easier with
Danish checks closing at % cents.
Quoted dollars to the pound.)
New-York tribune., 1919-06-28
Packard Motor Preferred Issue
Approved Of by Stockholders

At meeting of the stockholders of
the Packard Motor Car Company, the
issuance of $500 900 additional Z per
cent cumulative preferred stock was
approved and has been sold to a syndi-
cate headed by Montgomery & Co.
and the Chase Securities Company.
The bankers are now offering the
stock for subscription at 100 and
accrued dividends. This is part of an
authorized issue Of $20,0o0,o00, of
which $S,000,000 is now outstanding,
which brings the total outstanding is
sue up to S15,500, 900.
New-York tribune., 1919-06-28
Montreal Exchange

New York funds at Montreal reached
4 new high premium yesterday at 1872
per cent. The Bank of Montreal sent
here S12,000,000 in gold, but this was
said to be special transaction" un-
connected with exchange.
New-York tribune., 1919-06-28
B. & O. Financing

The cost to the Baltimore & Ohio
Railroad Of the recent borrowing of
$35,00o,0o0 is understood to have been
between 6% and 6H per cent. The
stock declined further 2A points yes
terday, and 2s,eoo shares were sold.
New-York tribune., 1919-06-28
Recovery Complete

The advance yesterday brought the
average price Of thirty industrial
stocks UP to 10s.S0. This is above the
closing price Of 10s.6o on Monday,
Juno 2, just before the first break 1t
is not new high level for the year,
however, as the average reached 108.93
at the end of the first week. Yester-
days price, however, indicates a COM
plete recovery.
New-York tribune., 1919-06-28
Market Opinions
Chandler Motor

The earning results Of Chandler
Motor Company In its December 81.
1919, fiscal year promise to exceed any
former year in the company's history,
even tho high record year 1917. when
the b4iancs for the 10000 shares OF
stock 9Aaehed 3 total of 1882, ,403,
equal 70 3+,O5 per cent.
AZ prsssnt II looks very much ~ II
New-York tribune., 1919-06-28
J. S. Government Bonds
Liberty Issues
Transactions

The following table gives the trans
actions yesterday and the approximate
investment yield in the several Liberty
Loan issues at closing New York
Stock Exchange prices:
New-York tribune., 1919-06-28
Bonds

Following is d complete record of
all transactions IN bonds on the New
York Stock Exchange yesterday:
New-York tribune., 1919-06-28

The Guaranty Trust Company, Of New
York and Kidder. Peabody & Co. have
sold the block of 81. 100000 New York
Central Railroad Company per cert
convertible dcbenture bonds due. 1888.
recently offered.
New-York tribune., 1919-06-28

Douinick 4 Domlniok. OF New York,
announce that tho 3t.<63.<eo issue OF I
tho National Enameiing h Stamping Cam
paz,y has taan eolA.
New-York tribune., 1919-06-28
$18,0oo,0o0
Gulf Oil Corporation

so Serial Gold Notes
To be oooechul and
uthonzed land ssued$1
Coupon notes in denomination 81
e o at
o heretp bwithout
t souce
Notes notb sub t exemption tomaturty
The Union o tsbugh,T Trustee
s al md deceved dby uan Inject of
andIn Intee ito Yield
andIn ito idover6
andn ito dover6G
note WILDE eread fo about July
All of these been nnobce
naHer of rdony.
The Union Trust Company Mellon National Bank
of Pittsburgh of Pittsburgh
Guaranty Trust Company Bankers Trust Company
of New York New York
New-York tribune., 1919-06-28
New Credits to Europe

WASHINGTON, June 27.-Credits
announced to-day by the Treasury in
cluded S50000,000 to France, S1O,O00,-
600 to Italy and S5,0O0O0O to Rumania