davidaulloa/AmericanStories huggingface dataset:
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-02-02

will be taxed to keep them from fall
ing under It's sway.
As Movement Spreads in Europe.
Hungary already strongly under
Bolsheviki influence in its internal af-
fairs, once line of communication
has been established with the Leninh
and Trotzky government of Russia.
might be expected TO aid in the spread
of the movement westward.
Ukrainia is already claimed by the
Bolsheviki as under their control 50
is Lithuania.
Conflicting reports as to the situa
ton in Poland are given. The Pade-
rewski government may keep the
country on the side of order
Should the country yield 10 Bolshe-
vism, the way into Germany is open.
And Lenine and Trotzky are confident,
despite the result of the German cleo
tions, that once they get into Germany
with an army they will add a million
men to their forces.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-02-02
SHIPPING BOARD
CUTS AGAIN TO
MEET BRITISH

Washington. Jan. 31--To meet fur
Their rate reductions proposed for Bri
fish vessels. the shipping board to-
night cuts in freight traffics on cargo
carried in American bottoms from
North Atlantic ports, to Australia. New
Zealand, South Africa and the Far
East.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-02-02

Red capital. Moscow, In many direc-
lions with direct line OF communica-
ton with the central government
Forces of the allies and the Siberian
government stand as a barrier to this
ambition to the east. Should the Boil
sheviki break this barrier, the extent
of their spread to the east is a serious
question.
China lies Just over the border OF
Siberia. China is in a constant tur-
moiI, with military party. which is
trying to make itself dominant and re-
establish monarchy and the party Of
the president. Ii Yuan hung. which is
striving TO preserve a constitutional
government
China Fit for Revolutionists.
Whatever the government, the con-
dftion OF the masses IN China IS any
thing but prosperous and the graft and
inefficiency of officials creates a soil
fit for revolutionary propaganda such
as the Bolsheviki proclaim
It is doubtful - any organized force
IN China could cope with the spread
OF BoIshevism. once Il gains a Roadway
In the country.
The way TO Indian lies through Per-
STA and Afghanistan. India has always
been in a state Of agitation against
British rule. 1t is a country Of many
races and many religions which it has
taxed the diplomacy of the British TO
satisfy. It is a country of intense
poverty and frequent famine. condi-
lions which breed revolt
Lloyd George made al astute move
when ne mad native OF India, Sir
Satyendra P. Sinha, undersercetary for
India But the ability of any govern
ment to cope with Bolshevism in In
dia. once It gains a foothold. IS uncer-
tain.
Persia has been in a bad way ever
since the war begun. Russia and Eng
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-02-02
THE PROPER STEP

The first and most important step
in starting on a Business Career is a
Stenographfc Course in the PAN
AMERICAN COLLEGE. second floor.
Brent Bldg
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-02-02

WHEN YOU want wood ring
224 and get your moneys
worth. 1928
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-02-02
BOLS MAY RULE
000,000,OO0 Of
ES|AT|C RACE
NJ. E. A. Special.
Where Bolshevism Is Greatest Menace

An Asiatic peril would threaten the
world such as has never been dreamed
Bolsheviki plans for the conquest of
Asia are being given serious consider
alton by the peace delegates.
There is a definite program for the
spread of Bolshevik power from the
'punoI5 Sun!uIoeI IeIIo pIuoM
eIdoed 0O0'O00'00S +HIsI9d puB B!puI
sguIuO QSuoJql do9MS puD 9ou9nIIuI slI
Iepun BEssuH TB sung pIuous pGeIds
81! VI ms!A9UsIoa 1I-.Ie .uer 'sgLBd
00O'0oo'96. u.lBT. dod IBloL
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-02-02

will be taxed to keep them from fall
ing under It's sway.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-02-02
Reduce 10 10 so Pounds

We publish
will
the pghtness
We publ
Of Koein at drug
fronh
send dollar BILL order Koin
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
EASIER MONEY
PUTS STOCKS Up
| ~
Technical Condition Of Market,
Rather Than News, the
Ruling Factor
SUPPLY MUCH REDUCED

New York. Dec. 4.-The New York
Evening Suns closing financial review
today says:
There seemed to be even more de-
termination in the buying movement in
today's stock market than in ycster-
days. although trading was Of modest
proportions and mainly of professional
inspiration. Continued case in money
call loans again renewed at & per
ccnt-and a distinctly better tone in The
foreign exchanges contributed no doubt.
toward Improvement in sentiment. but
il was apparent that the technical con
dition Of the market rather than any
thing in the way of news developments
was the ruling factor
The floating supply of stocks has
been materially reduced this week, ana
that at time when the short interest
was supposed to be very large and when
the feeling that the market had been
oycrsold was widespread.
1t was scarcely to be expected that
those who had not already sold to cs-
tablish losses for the federal tax return
would rush to do so now in view of
rising prices and of the fact that near
ly four weeks remain in which much
may happen to give them a more favor
able opportunity.
Discussion of a ikely clash with Mex
lea and a rccrudescence of the court
fight in the coal strike have become too
familiar topics to be as disturbing per
haps as they should be. The new and
curious twist to the coal wage matter.
in which the operators were credited
with n purpose of giving a bigger wage
increase than the government required
of them. elected no little astonished in
guiry.
Mr.. Warburg's disquisition on stock
exchange loans as secondary bank re
serves and treasury certificates of in
debtedness as tying up banks funds to
the dctrimcut of business development
through the medium of the bank accept
ance was pondered with care and gave
considerable food for thought.
In a period when the technical posi-
/ ton of the market was less sound than
. it apnears to be at present these things
A-.ld probably be more potent influence
in guiding stock prices. As it was the
list continued to advance with fair con =,
Sjstpncv after a more or less mixed
movement in the first fifteen minutes
or so.
shortly after midday there was
nretty pronounced strength manifested
in virtually all quarters. The Steel,
Conner, Motor. Oil and Sugar groups
gave a particularly good account OF
Themselves. Marine common and pre-
ferred were we'll bought on the strength
of reports of possible extra payment
on the preferred and the consequent
nearer approach Of the common to some
sort of disbursement, The rails did
very little.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04

X New York. Dec 4.--Thc recovery
movement was well sustained in today $
stock market as result of the con b
tinued adjustment sof the technical no
Sition. No better proof of the highly
professional character of the current
movement was needed than in the com
plete indifference which was shown to-
ward the threatening Mexican situation
Z and the growing complications in the
soft coal labor controversy.
These adverse influences. il is true.
we're partly couutcrbalanccd by the
moderate rally in foreign exchange and
the continued apparent cnsier tendon
cies OF the money market. To which
could be supplemented the sharp re-
covery in the Liberty Bonds.
1t was obvious. however. as the day
progressed. that conditions within the
market itself. rather than outside fac
tors, were the governing influence. In
other words other than in those quar-
ters of the list where the belated cover
ing of the short interest encountered
restricted supply of stocks. the trad
ing was conspicuously sluggish in some
Instances. and others nOticCably forced
and artificial
Conservative smarket interests made
no hesitation in declaring conditions
and circumstances were far from
proptious for a resumption Of buIlish
operations on an extensive scale. The
bulk of the commission houses either
openly advised profit taking on every
rally or suggested the outright buying
in order for the purchasers to protect
themselves against unforeseen accidents
which are likely to crop up because ot
the unusual market situation existing.
The large short interest as in the
preceding session. furnished the back
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
NEWS FINANCIAL WORLDNEV YORK AND PHILADELPHIA STOCK
TRADING NLOCAL STOCKS
WAS GREATLY CLRTALLED
dhing in Electric Storage Battery the Theory of All
Good NetUs Being Out

The local market continued the wait
ing attitude which il assumed earlier in
the. week. There was little that was
OF interest to be attached to the days
trading. The dealings in the first place
were. greatly curtailed, and besides
poorly distributed. Apart from less than
half dozen shares, the transactions
were OF n perfunctory nature, while
price changes' altogether were unim
portant and meaningless.
Some profit taking appeared in Elec-
trlc Storage Battery, apparently in
huenced by the old established street
axiom that with the good news out the
STOCK was a sale. In some quarters
disappointment was expressed concern
ing the dividend. Rumor had it that
the directors would either declare a 2
per cent extra or 10 per cent extra pay
able in the Liberty Bonds.
In conservative circles, however. the
action of the board in raising the divi-
dend rate to a 10 per cent basis was
generally considered wise one. 1t was
pointed out this would permit a wider
lds;r1 distribution at the next quarterly
Yesterdays increase Of "a of / per
cent in the quarterly distribution
marked the second raise in the dividend
within three months. On September 4
the dividend was raised from to an
s per cent per annum basis. As the
par value Of the stock is 500. yester-
days increase to a 10 per cent basis
means yearly distribution of $40 or
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04

netting approximately per cent at 140.
It is understood that the company Is
working on large contracts for the
navy, and in addition is unable to keep
up with the demand for its products
from commercial concerns. Earnings
for the current year are estimated to be
in the neighborhood of $50 share for
the common stock. as compared with
S24.31 earned in 1918.
After opening 81 higher at 139la
realizing sales brought a reaction of
$3.50 to 1877, Comparatively little
stock apparently was brought out on
the recession which brought fresh rally
to 1884,.
Liquidating pressure against United
Gas Improvement again automatically
disappeared, being replaced by mum
Der of small buying orders, most of
which evidently emanated from small
investors which held the price relative
" steady at 52%.
Similar buying was again noticeable
in PENNSYLVANIA Railroad, lifting the
price to 419s: Philadelphia Electric
shaded to 245s, at which figure fresh
supporting orders were met. Lehigh
Valley was 25c lower at 431s. J. G.
Brill, on small offerings, dropped 81
from the previous sale to 81.
. The sale of block of 1000 shares of
Pennsylvania Railroad at 416s came in
for more than passing attention, which
was believed to be for purpose to reg
lister losses for tax purposes. Lake
Superior picked up strength in the
afternoon, advancing to 205s.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
RECOVERY WELL SUSTAINED
BY CONTINUED COVERING
Menacng Mexican Situation Offset by Easier Money and Rally
in Foreign Exchange

bone of the market. which was ap-
parent in most directions in which
prices held but it was perfectly obvious
to any one that there was no great
rush to cover. a circumstance which
was explained undoubtedly by the
growing uncertainty of the general sit
uation. Then. again. the market was
not without weak spots. To the con e
trary. especially in the leather issues
and some isolated specialties, it wes
decidedly soft.
Few changes Of more than minor i'm
portance occurred at the irregular open
ing Gains outnumbered recessions.
however. shippings. oils and coppers
showing most activity Rails were under
moderate pressure on further curtail-
ment OF transportation facilities ow-
ing to fuel restrictions.
Extreme advances during the morning
Of . to points in the leading motors
and oils. and to points in shippings,
tobaccos. textiles and food shares were
accepted as additional signs of an over
extended short interest. Rails and lea
Tiers were the only backward shares,
hide and leather preferred losing .
points. Call loans opened at = per
cent interior banks making free Of
fcrings with local institutions at that
rate.
Following it's recent course the mar
ket became almost staGnant at midday.
There were many additions, however,
to the strong tone of the morning, not
ably among stcels, equipments. sugars
shippings and tobacco. Rails were the
only exception, further reactions oc-
curing in that division.
Another drive against the shorts' es
ncrinlly in oils and StreS; marhtu @
more active trading iu the 'ast hou''
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
Junior Bankers Meeting

Several interesting addresses will be
made at the regular meeting of the
Philadelphia Chapter of the American
Institute of Banking, to be held Friday
evening, at the chapter rooms, COS
Chestnut street. Thomas Raeburn
White, who drafted the new city charter
will take for his subject, "Some Fea
lures of the New City Charter" Sam
uel D. Matlak, law assistant to the
commission to codify and revise the
banking laws of Pennsylvania, will
speak on Revision of the Banking
Laws of the COMMONWEALTH"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
Private Secretary

wants conhdentiaI position of trust
with capitalist or corporation ex-
eentiBe. Some assurance of perma-
mSnoy. Young man over so years of
sre telleKe graduate. Volunteer, u. =.
Array, lately discharged with good
reenrd. Held responsible paving
nonlflon In Administrative and Field
Service duties. Eleven years eHpe-
rleneu IN business and finance. iu-
dinasng personal business inFesti-
n&l3ens for financial Interests In the
Hlfee states.
n0x & sos. LEDGER OFFICE
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
BIG DEMAND FORCES
COVERING IN COTTON
Sentiment, on the Average, Be-
lieved Less BulIish Than for
Some Time Past

New York, Dec 4.-The early after
moon cotton market developed steadier
tone, the persistent trade demand lead
ing some of the local shorts to cover,
when it was seen that the Mexican af
fair was failing to bring in outside sell
ing of any moment.
Prospects that the Edge foreign
fnancing bill would be passed by the
nenate this week, the improvement in
pal production, the low Clement, Curtis
v; Co. estimate and the strength Of spot
Varkets appeared to be promoting in
v'eased caution in selling. Sentiment.
IN the average, was probably less
nIflish than recently.
Il The exports were 33 ,S43 bales, in
uding 1856 bales to France and
n3,55S bales to the continent.
IN Clearances for the season to date
ere 2,065, ,592 bales, compared with
1882, 100 bales for the corresponding
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
COVERING MOVEMENT
STRENGTHENED CORN
Late Prices Move IrreguIarIy,
Closing Firmer-Losses in
Oats Recovered
~EMw |


Chicago. Dec. 4. - The corn mar
,--,,,, 'I,Ilu run aruIots fu thu -~-,
billiard championship tourney will
meet tonight. The draw in the fourth
round will bring together Charles
Setback, of Hartford, Conn, holder
of the worlds mark of sixty eight
made yesterday, aud Ralph Green
leaf, of Wilmington, who registered
sixty seven on Monday night.
Setback is the surprise of the
tourney and under pressure may
shattcr his own mark in the last
match tonight at the Parkway
Building.
Greenleaf has made more than
$50 in an exhibition match. Sec
back is credited with 142 in practice.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
Bank of England Statement

London, Dec. 4.-The weekly state
ment of the Bank of England shows tn
following changes: Total reserve in
creased f2,449,OoO; circulation in
creased Fl, 100000; bullion increase
fS,SSs, 1853; other securities decrease
Il ,212, 900; public deposits increase
fl .4S6 900; other deposits increase
f45, ,54S, ,000 notes reserve increase
E2, ,54S, 900: government securities in
creased f45, ,966, 900. The proportion 4
the banks reserve to liability this wee
is 1921 per cent; last week it We
1884.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
LONDON METAL MARKET

New York Dec 4-Cable advices at the
New York Metal Exchange this morning
quoted prices in London as follows: Tin
Spst, f2a6 &c, an ADVANCE of f2 lbs;
futures, t20S Ns gain of f2; straits. E207.
an upturn of f3, sales-spot, so tons;
futures, $40 tons. Standard copper-Spot'
so OS iSs
Electrolytie Copper-spot. f1Os, up fl: flu
tures, fll0. a gain of az, Lead-sposto;
15s. an upturn OF rs Cd. spelter--Spot
ISL. gain Of los futures. fb1 los. an
advance of bs.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
MISCELLANEOUS
Charter Filled

Dover, Del, Dec. 4.-Charters filed
here today were: United States Dairy
Products Corporation, $4,000, 900, to
dairy products, etc. NJ. T.. Horty. M
G. Kelly, s. L. Mackey, local Whining
toD, Del. incorporators.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
Reserve Banks Discount Rates

Official discount rates at the twelve
Federal Reserve banks were as fol-
lows:
(The first column gives rates for all
periods,up to and including a fifteen day
maturity. the second for a period of
sixteen to ninety days. The third and
fourth columns give the rates for re-
discounts of collateral loans secured by
government bonds or notes.:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
New York Metal Market

New York. Dec. 4--coPPER-spot and
December, offered, 1855 G; January. Fehruary
fa .EAp~spot fs@1s and ana pecsmSSsr, sisN sS1s
J5!snvag., 9I5ge-sbe Msrlset arIp tp sSer5s1sE; r1ds
.aOc: IsnueTy, February and March, eA g.
6h e, Market STEADY,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
Special Meetings
Dividends
THE ELECTRIC STORAGE BATTERY
COMPANY

Philadelphia, Dec. 3, 1919,
The Directors have declared a quarterly
ai,tdsnd Of Two iifty-ODe hundredth Dollars
ss2 5oJ per share from the net earnings OF
the Company on both Common and Preferred
haidsTa az record at the close Of business
en- December 1s 1919, Checks viii b
@eH'' WALTER o. HENDERsoN Treas.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
GoVERRM EMIT BONDS
BAR SILVER

Commercial bar silver was quoted In
New York today at $1,31h an ounce,
an advance of &c. In London, the price
was 14d higher, at 75d.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
BANK cLEARINGs

Bank clearings today compared with cor
responding day last two SsSSrs 49,
Poston.. ss7. Isl, ,4so S62, ,S8S, ,o7s sG3 0ss' 76s
g. York 9l7527. sl6 $40. 479l52 SIG OsS 47O
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-01-11
PLAN BASEBALL REFORMS
sPOCHAl MEETING WILL
BE HELD IN NEW YORK
Anic ricnn. National and Minor Leagues
VIII BE In session All OF
Coming WccI<.

NEW YORK. January IO.-Thc Joint
meeting Of the two major leagues TO
consider the mosf important matters
affecting baseball will tie held here at
the Fillmore Hotel next Thursday. This
decision WAS reached to-day at a con-
ference between John Heydler, prcsi-
dent OF the National League, and Jacob
kuppcrt, owner OF the Yankee Club
vito represented the American League
Both the American and National
Leagues Will hold special meetings at
d ffcrcnt' local hotels. on the preceding;
day. minor leaguc conference will
be held here Tuesday. While admit
ting tho minor leagues need aid of
some kind. President IIeydler has
stated he did not believe the present
system OF drafting players or develop
ing players On optional agreements
would be changed.
President llcydlcr and Major Branch
hickey of the st. Louis Nationals. held
4 conference here to-day and are UNI
derstood TO have discussed the Jack
licndi icks question. Major Hickey was
discharged from the army to-day. and
National League meeting next week
uents. both major and minor leagues
will I've represented in series of CON
fcrenccs. which will be attended by
every prominent club owner and league
official in the United States.
These conferences, which are cX-
peCted 10 result In a number Of radical
changes in the conduct of the game,
Will continue throughout the entire
week.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-01-11
Here Is Chief
of Commuters
In Eighteen Years He
Rides $4,000 Miles and
Pays S3,O41 IN Fares.

BALTIMORE, Md, January TO-
Hats of. you commuters and hail your
chief! He is John J. Reese, secretary
and treasurer of fire insurance COM
pany. For eighteen years Mr.. Reese
has committed daily between his. homo
in Westminster, Carroll County. and
his Office in Baltimore. Here is his
record:
Daily ride TO and from office, seventy
miles.
Yearly mileage 20 and from work.
$4,000 miles.
Mileage TO and from work for eiEh-
teen years. $4,000 miles.
Monthly railroad fare, s1i.oS.
Yearly railroad fare. s16S96.
Fair paid during eighteen years. 3d.
0il.2S.
Time spen, on trains daily. three
hours.
Time on trains in eighteen years.
10t days. six hours.
Mr.. Reese was born October ST.
Halloween Day--lSio. Early in 1904
he began the habit OF committing and
ha sn'; been able 10 break 1t since. He
expects 20 continue committing for
some time. In all this time Mr.. Reese
has never been injured in railroad
accidents.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-01-11
WORLDS PRESS CONGRESS-
I:iEETS III AUSTRALIA
!-endin. Newspaper Workers 10 Calder
On Anniversary az signing
of .trEliSticc.

TOKYO. JANUARY lo.--(Spccia,.)-Th
neN. Worlds Press Congress has been
called - take place At sydney, New
SQu;h Wales. Australia, on November
H. .!le. The first anniversary OF the
signing OF the arm.stice which ended
TIE hostilities in the world war The
la;c was decided by DR.. Walter WI
.ioi"s. o. Missouri. the president O,
tha congress, now in Tokyo. and was
agreed upon aiter ;hc receipt BY him
OF can!cSraa from William = Hoi-
man Premier OF New South Wales
inc Press Congress OF the World
which was organized in san Francisco
IN 1915, has journalists OF forty-fou-
Ia the war. the 1915 session. arranged
Tor sydney, was postponed until the
comCiusion OF the hostilties.
The taTy-treasurcT Of The con
gress is \. X. Ford, the president OF
The Dominion Press Gallery az Otta-
wa, Canada. Each nation has Two
vice pres .dcnts.
In his cablegram to Or. Williams.
Premier Holman said: The victorious
Hnd OF the war reminds ne Of tn.
great services the press has rendered
IT. promoting and fostering that so!en.
d.d International harmony OF peoples
ana OF principles that alone made Nc.
tcEE possible. ] look 10 Tic car
meeting Of our congress Is an occ..
SION Tor completing this great work
ny promoting better understanding
Throughout the world"