davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
MARROW PRICE MOVEMENT
IN LOCAL STOCK MARKET
Electric Storage Battery Dropped IS, but RecoueredNerc
Financing by y. G. L. and Philadelphia Electric

on small dealings, dropped T5 cents from
the previous sale to 30H. Philadelphia
Rapid Transit was shade higher at
26A.
General Asphalt common came in for
considerable attention in the seconds
hour Of the trading by reason of sen
sational jump of S13.75 to 123. The
movement, however, was of no local sig
nficance since the wide advance was
merely an adjustment of price closer to
the New York curb quotation, which at
present is the principal market for the
stock.
Attention of the local financial COM
munity is more or less occupied at the
moment as to the character of the new
financing by the Philadelphia Electric
Co. and United Gas Improvement Go.
While nothing tangible is yet obtain
able. it is generally understood nego
tiations are already under way to pro-
vide for the maturity OF the notes of
both of these corporations, which fall
due in February. 1t is the consensus
of opinion in banking circles, in view
of the high money market tension, ar
rangements will probably be made for
a renewal of these notes for at least
another year, if not two years. BY
Chat time the return of normal condi
tions will permit both concerns to take
up u more permanent form of financ
ing.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
BUSINESS NOTES

One OF the things which the seasons
vogue for green tints in women's gar
ments has done Is to bring into unprec
edented popularity various articles of
jewelry made of real Chinese jade.
A seasonal quiet prevails in the ,vca,
crude rubber market at the moment.
Prices on Brazilians are fairly steady,
however, on the basis of 49H cents for
spot and af1oat up river fine. Up river
coarse is worth 36ia cents for similar
positions, while the quotations on upper
Caucho ball is. 351a@36 cents.
Whether they will really stick to their
intentions after the coal strike is over
or not, reports were current in the dry
goods trade yesterday that several of
the prominent Southern manufacturers
Of cotton goods are going to change
their power arrangements in order to
burn fuel oil in the tuture in place of
coal. ...
Word comes from Several representa-.
tive buyers of mems furnishings that
from now on they will feature fine mao
ras shirts instead of silk ones. Among
the high class stores, it is said. there
has been a gradual turning away from
silk shirts owing to the popularity they
have found among the large numbsr of
artisans and laborers who are now being
paid such high wages and are spending
their surplus money on silk shirts and
othc: luxurics,
Considerable attention is being given
in wholesale carpet and rug circles these
days to the question of obtaining the
right to value these goods higher when
shipped by freight, without having the
freight rate increased.
Prices of wOmen's dresses will remain
high for some time to come, according
to opinions expressed by dress manu-
facturers at the opening OF the conven e
ton of the Associated Dress Industries
OF America.
In answer to the statement that the
high prices of mems clothing for next
spring should lead to a restricted dc :
mand. the representatives of a local
clothing firm said yesterday that while
some of the finer suits will sell at over
500. a suit made of good material and
we'll tailored may be bought at $50.
This price. he said, should prove about
the average for the new season, and the
suit sold at that figure should give the
wearer satisfaction in every respect.
At present, while the price OF suits now
being retailed has reached the 800
mark. good many sales, and perhaps
! the most of the business, is going 10
| suits selling at $50.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
DIVIDENDS DECLARED

Midland Securities Co, quarterly Of 81. 90,
PAYABLE December 81 to stock of record
December 3.
10 stock Of record December 10.
Southwest PpnnsNlNaniH Pipe Line Co,
quarterly Of 80. payable December 81 to
stock OF record December IL.
Chandler Motor Car Co. quarterly OF 81
payable January 2 to stockholders Of record
Manhattan Electrical supply CO.. quar-
terly of | per cent on common and 1SI
per cent on both the first and second pre-
ferred. Dividends payable January to
stock Of record December 20,
American Smelters Securities Co. quar-
"a Der cent on preferred "B." payable
January to stock of record December -
American Tobacco Co, quarterly I "a per
cent on preferred payable January TO stock
Of record December i3,
WTman Bruton Co, quarterly pa per
cent on common and ~ per cent on pre-
ferred payable January to stock Of record
December q
r Lorillard CO. quarterly per cent on
cOmTon and q per cent on preferred. pay d
able January to stock of record Decem-
.LehiFh Valley Railroad Co., quarterly Of
= per cent on common to stockholders Of
record December IL, payable on as soon
after January as the company receives
from the United states government an ade-
quarterly or ~ per cent on preferred to
.tockh0lders OF record December l3, payable
January 3.
American Cigar Co, quarterly y per cent
on preferred, payable January 10 stock of
re cord December ~
Ingersou Rand, seniaunual Of Q per cent on
preferred. payable January 2 TO stock OF
record December g.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03

Price movements in the local stock
market were irregular, but in most
cases the variations were confined with.
in the smallest fractional limits. Elcc-
tric Storage Battery and United Gas
Improvement were the exceptions. The
lack of confirmation of yesterdays ex-
travagaDt rumors concerning the diyi
dend action by the Electric Storage Bat
terry directors today was responsible for
the. 80 drop in that stock during the
early trading. After recovering the loss
the stock was neglected the balance of
the day, because of the general dispo-
sltion to defer further commitments un
til after the meeting of the board which
was scheduled for late this afternoon.
United Gas Improvement after ruling
firm at small fractional advance dur
ing most of the morning ran into fresh
liquidation in the afternoon causing n
decline of 81 from 531a to 52h.
The more active dealings were sup
piled by Lake Superior Corporation
with turnover Of approximately 1000
shares with range of only 4 be-
tween 20 and 20h.
Otherwise the dealings in the local
stocks were of the same desultory char
acter with Indifferent changes. Phila-
delphia Electric was unchanged ut 243i
Philadelphia Traction was again alb
sorbed Mt 81. York Railways preferred.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
RECOVERY MADE
BY ALL LEADING LSSUESI
Market Whole ShotOed Tendency TO Cm Loose From
Recent Restraining Factors

New York. Dec 3.-Further improve
ment in prices was scored in today's
stock market as q result of continued
covering of shorts and what was said
to be free rcinvestmcnt buying. The
upmarking of stock values came in for
more notice because of the further do
moraization in the foreign exchange
market. While there was an apnrcci
able quickening in the outside demand,
the trading continued largely of pro-
fessional calibcr.
Technica- influence apparently OK
crted greater affect than outside con
ditious Specifically, however, the
market had all the appearances Of cut
ting loose from the restraint of the fac
tors which have held speculative en-.
thusiasm in check since the Curbng Of
the recent boistcrous bull movement.
The acute coal strike situation was
wholly ignored. The Mexican troubles
we're seemingly entirely forgotten. Over
night consideration Of the President $
message found favorable points which
were overlooked yesterday. At least what
disappointment was folt concerning the
omission Of some definite program for
either the Peace Treaty or the railroad
problem. was modified by the eucourag-
ing hope that these matters would be
treated ComprehCnsivcly IN subsequent
messages to Congress on these partcu
lar subjects.
Possibly the greater amount OF en-
couragement was furnished in the grow
ing impression Of material easing ot
money market conditions. II such an
opinion was honestly entertained IT was
based more upon imagination than con =
crete facts. Undoubtedly the worst oi
tho money situation has been seen and
is past history. hut it would be only n
case of dwelling in a fools paradise to
believe the money market equilibrium
had been fully restored. This fact un :
oucstionably would be demonstrated
most unplcasantly If any effort was
made to resume the reckless market
nrogram checked last month, 9.
The improvement in market cTnll
tions is absolutely purely technical anu
any other diagnosis is not only hkclE to
/ be misleading, but also prone to get
| those making extensive commitments
/ into a heap of trouble.
| The market, in other words, was IN
an oycrsod condition by reason, ot inc
phenomenal growth of the short interest
/ during the progress of the recent sweep ,
| ing reaction. With the more urgent
| liGuidation Of overextcnded bullish spec
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
GAL VORLD-NEW YORK AND PHILADELPHIA

ulalive accounts virtually completed. the
universal law of supply aud demand
brought the market to a position where -
in tho position Of the shorts was un
tenabe. If not dangerous. At least,
just preClrous, as that of their bullish
brethren when everybody only n short
time ago were bent upon sending every
thing TO heaven boundaries by the sky
ward route.
Quite considerable line of these
short commitments had already been
run in, but the outstanding accounts
Of the bear element were sufficient 10
keep the market headed upward. moro
especially with the fresh outside dc
mand. tho supply was far short in
meeting the requirements There was
ouly the one result. Rising quotations.
Tho recover. however, while general ,
still lacked the snap and vigor which
would be expected If the movement was
backed by natural rather than artificial
or mechanical conditions.
Signs of renewed public interest were
manifested by various issues at the out
set. Gains Of | to points wore made
by rails. stccls. coppers. oils. ship
pings. equipments and spccialtics. Gen
cral Motors was again the most con
spicuous feature at an advance OF !
points,
Prices forged steadily ahcaG on the
| light trading Of the morning, the
scarcity of offerings contributing to the
further advance. Motors, oils, ship.
uiugs and coppcrs comprised the chief
features Of strength. Tobacco. food aud
leather issues Joined the movement later
/ with American Wooden, Baldwin Loco .
motive. Worthington Pump and
/ Crucblc steel.
! L. s. steel at substantial frac
/ tional gain was at its highest prices OF
/ tho week and Delaware and Hudson
rallied on the improvement shown by
other rails. Tho 6 per cent opening
/ rate for call loans impaired additional
| strength TO the list at noon.
Trading was almost at Il standstiII
during the midscssion. but the market
continued to move forward. Recent ia
voritcs were neglected, however. FOR
shippings. low priced oils and food and
chemical shares. whore extreme gains
ranged from ~, to 6 points.
Moderate reactions among standaro
rails in the last hour were offset by th'
increased strength Of oils and metals
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03

The average price of twenty active in
dustrial stocks advanced OBS per cent
yesterday to 104.41 while twenty rail-
roads advanced 0.34 per cent to 1921.
The annual meeting of the stockhold-
ers of Logan Trust Co. will be held on
December II for the election of five di-
rectors to serve for a term Of three
years.
Thomas A. Biddlc & Co. will admit
first of the year.
Tho New York subtreasury gained
$204 900 from the banks yesterday. re
ducing the cash net loss since FRI
day to $22,994, 900.
Market sentiment today was more
cheerful and hopeful than any time since
the collapse of the bull swing last
month, ...
1--WE must not overlook the fact that
Congress is again with us. says Pat
rick Henry. of Henry & Kirkbrdc, in
his yearly reminder of the rcconvcning
of Congress.
Barrett and National AniIiuc were
both strong during the second hour, the
former advancing 4 points and Aniine
u. The President message recon-
mending protection for the dye industry
and his further recommendation for
road building means much to these two
companies.
| The street studied carefully the
statement of the secretary of treasury
on the export outlook, but did not seem
to be entirely in accord with his views
to the effect that the problem of financ
| ing restoration of Europe belongs to our
exporters and not to the government
| Thomas Canon, Jr., assistant cashier
of the Federal Reserve Bank of Phila :,
delphia, has resigned TO accept an official
position with another prominent bank
ing institution in this city. He will as
sumo the duties of his new position on
January /
Inspiration Consolidated Copper Co.
will not be affected by coal shortage.
This also applies to all mining proper
tics operating in the Globe Arizona dis
trict, also to Greene Cananca Copper
Co, in Mexico. All these companies use
oil for fuel. I,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
BUTTER. EGGS AND CHEESE

Now York, Dec S,--BUTTER-Firm. Re
ceipts. 6SnI tubs. Creamery. higher than
extras 7I9Tih c. creamery extras (92 score)
rent make No. 9. soc.
EGGs-strong. Receipts 1920 crates
s5 q SIC; hrsts, s2@ Sac; state. Pennsylvania
and nearby western A. hennery whites.
vanla and nearby hennery whites. ordinary
to prime, Ip@0Sc; state, Pennsylvania and
neHrbv henncry browns. n3 a 06c; do gath
cred browns and mixed coors. ssd00c
CHEESE-Steady. Receipts PTS boxes,
cisIs. soiL n 3Sc' do average run. siE a s2c;
state, whole milk. twlnHr current make, spe-
clais. 81 "a " S.c; 10, average run, 5lC.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
VOTE ON CAPITAL INCREASE
Insurance Company Would Issue
100000 Additional Shares of Stock

Shareholders of the Insurance Co.
Of North America will meet in spc-
cial session on Friday, February g.,
1920, to vote on an increase of the
capital stock and surplus fund of the
company by the issue of 100, 900 addi-
tional shares of stock.
Each stockholdcr is to be entitled to
subscribe for one share on account of
every four shares held. The amount to
be paid for each share will be $40 :. $40
of the proceeds of each share to be
placed to capital stock and $40 to be
added TO the present surplus of the
company. .
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
GOVERNMENT BONDS
EGGS 81 A DOZEN AT CHICAGO

Chicago. Dec. 3.-Fresh eggs sold at
retail for 81 a dozen in Chicago today.
The receipts were only 5S3 cases. about
one tenth the normal supply at this
season of the year. Butter retailed at
ninety cents pound with receipts only
2hO0 tubs. about one half the normal
days receipts.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
Extra by G. w. HeIme Co,

New York. Dec. 3.-The G.. W.
Helme Co. has declared an extra divi-
dend of 4 per cent on the common stock
in addition to the regular quarterly
. to stock of record December 13.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
New York Metal Market

New York. Dec. s.--CoPPER-spot and
December offered, lsAc January, FChru-
ket uuiet LEAn-Spot all months, 3 $40
675c. Market, quiet. speGlilfer East s.
uary February. March and April $500
S 4OC. Market strong
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
LONDON STOCK MARKET
Industrial Department Confused
Home Rails FIabby-Mines Harder

ITVTWN 'NaT'S TVVVJ TTTWOS T'uT UVI
London, Dec. 3.-Lacking leader
ship, the stock markets were quiet and
irregular today. The oil group raj
lied and had n healthier appearance.
Shell Transport and Trading was 102s
and Mexican Eagle 141s.
Foreign descriptions wavered in sym
pathy with Paris and gilt edged in
vestment issues were dull. The in
dustrial department was confused, with
changes in quotations narrower.
Home rails were fabby and mines
were harder.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
GENERAL MOTORS CoRpoRATIoN

The Board of Directors Of General Motors
CORPORATION has declared q. dividend OF
81 80 q share on the preferred stock, a divi-
,dend OF 81 80 a share on the debenture stool,
ana a dividend OF $500 share on the com
mon stock of the Corporation, payable on
February 2, 1890. TO stockholders OF record
n The close Of business December 81 1919
NJ l.. PRENSKY, Treasurer
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03

GIANT PORTLAND CEMENT COMPANY
PENNSYLVANIA Building
phiIade Inhia pa

the Board e Directors 9I.,S. have this day
three and oneIhalf per cent $3.50 on the
January I'd 1920, to stockhoders Of GeSn.g 1eSord
AZ the close OF business December 18th, 1919.
The stock transfer books Will be closed from
both dates inclusive. Checks will be mailed,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
BAR SILVER

Commercial bar silver was quoted in
Now Work today at 81 .3091 an ounce,
gain OF Ne over Yesterdays price.
III London the price was 73Md, up Id.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
aHE EQUITARLE ILLUMINATING GAS

Phlladelphia. NQyemher p. 1913.
ssrilannual dividend Of three (3l per cent
$500 a share) on the Preferred Stock. pay
III blo December rs. 1918. to stockholders or
Tecord al the close Of buslness to o'clock
noon Saturday, December 0. 1919. Checks
VIII De naufWS A. NIcnwEN rrsanIrsr
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
SECURITIES AT AUCTION

The following securities were So,d
auction today by Barnes n bohanu
STOCKS
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
European Securities
for American Investors

AS this is the richest
country in the world,
the European nations
associated with us in
the war, as we'll as for
eign corporations, nat
urally look to us to help
finance them during the
reconstruction period.
Because of exchange
rates and the demand
for capital, inducements
are offered which are
without parallel in the
history of finance in
connection with conser-
vative securities.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
FINANCIAL
HOTEL TRAYMORE COMPANY FIRST
MORTGAGE SIX PER CENT SINKING
FUND GOLD BONDS, DUE
New York

JANUARY 1, 1927.
Pursuant to the terms of the Trust Mart
gage securing the above bonds notics is
hereby given that the following bonds aggre-
eating S102, 800 have been drawn Tor nav
ment for account Of the Sinking Fund as Of
January ]. 1920: Denomin nations of $1,000
Nos. 10, H. is, 45, a, 60, 85 &c, 100 iii
la4 1sl, 1888 1s5, 1911. 27l, 2sJ, aaS. 3s4
$40. 300 400 40 al, 456, 4S9 $40, 800
$40. 692 T22. 73o, 740. 773. sos sol 933'
as9. 965, 1929. 1924. 1929, 1893. iO5s' 1ESS
lo79. 1855. 1891 1855; 1909. 1919. i245,
1880. 1906. 1879. 1903. ISIS 153g INA
i5s4 1873, i5s2. 1925, 1925 1893. isSs' iisSs'
1891 1898. 1901. 171l. 1870 iTAh I7b7
iTaf. 1895, 1900. 1850. 1852. 1889. issoGr
1907 1910, 1872. 1924 1924 19ad4, 194S, oOl1,
REORGANIZATION OF $500: No 22ls. -'o''
The funds for the payment Of the above
bonds are now on deposit with the Trustee
a1dithe bonds will be paid on presentation
o1 and after January ., 1920. AZ lO2 and
sfterest to January /. 1920 on which dats
III interest on said bonds will cease
.HGIARANTEE TRUST COMPANY, Trustee
7y Herman NJ. Sypherd, Vice President
Atlantiv city. n. j., December 3. 1919
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
MoNEY.LENplNe RATES

NEW YORK--MOney on call. both
mixed collateral and all industrial col
lateral. opened today at 8 per cent for
lending and renewing.
Conditions are unchanged in the
market for time money. There is very
little new money available and 71a@S
per cent is quoted for sixty days on
industrials.
Prime commercial paper is frmer,
with fewer quotations at 51e per cent.
Prime bank acceptances show some
improvement after exceptional dullness.
Prime bills are quoted at 51S@47s per
cent.
Call loans on acceptances are un-
changed at 4$4 per cent.
PHILADELPHIA per cent !;
time, 6 per cent; commercial paper
three to six months. 53i per cent, and
six months, 5M @6 per cent.
LONDON-Money is quoted at 2&
per cent. Discount rates, short bills
and three month bills, 59s.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
Financial Briefs

The average price of twenty active in
dustrial stocks advanced OBS per cent
yesterday to 104.41 while twenty rail-
roads advanced 0.34 per cent to 1921.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
Write for our recommendation

Henphill, Noyes & Co.
Members Nero York Stock Exchange
Franklin Blk. Bldg, Philadelphia
New York Boston Scranton
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03
PHH4ADELPHIA-Call. 6 per cent

LUNDUN-NIUHty rs VNOIVU at "a
per cent. Discount rates, short bills
and three month bills, 53s.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03

The annual meeting of the stockhold-
ers of Logan Trust Co. will be held on
December II for the election Of five di-
rectors to serve for a term OF three,
wears
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-03

Thomas A. Biddlc & Co. will admit
Warren A. Reed to the firm about the
first of the wear.
La prensa. [volume] (San Antonio, Tex.) 1913-1962, 1919-08-17
jCuales son nuestros servicios!

Hacemos toda clase de n~egocios Bancarios por Coreo.
Aceptamos depositos ~suietos a cheques, con interes.
Aceptamos iguaLmente ~depositos de moneda mexlcana
y hacemos adelantos de moneda americana en-
cuenta de SUI valor.
Extendemos gnos sobre c~ualquiera poblacion de la Re-
pubIica Mexicana, hacienda uso para clio de nues-
tros Coresponsales, quienes en- su totaidad estan
formados por Commentaries honorables y perfec-
tamente establecidos. Estas remisiones de dinero
Mexico, SON hechas baio nuestra absolute respon-
sabilidad y en- case de que, por c~ualquier motive,
no pueda hacerse la enrega del dinero, Sc 10 de-
volveremos integramente al interesado.
Tambiiesn hacemos remisiones de bultos postales, ARE
glandO preyiamente ell pago de derechos de expor-
tacion de los articulos remitidos.
Siempre que I'd. tenga necesidad de cualquiera de los
servicios antics expuestos y de una Casa que lie ga
rantice ampliamente su dinero, dirijase a la
New Britain herald., 1919-08-25
New Britain Bird Store

Good Talking Parrots, Young Canaries, Broilers, Fowls, Young Roosters, large supply of Ferrets; also all kinds of Purina Feed.
 10o ARCH ST. TEL. 1121-3.
New Britain herald., 1919-08-25
Bear )jI Grows Hair

One of the potential ingredients of KotaIk0-for the hair-is genuine bear oil, procured through hunters at q large cost There are other active ingredients not found in any other hair preparation. kotalko is an ointment Ii has succeeded in many cases of badness, falling hair and dandrutf when every other hair To- tiOn or treatment has proved futile. A $500 guarantee is offered kotalko users.
 Why become or remain bald if you can grow hair? If others have ob- tained new growth through 'kotal- ko why not you? Get a box at any busy drug store: or send 1o cents' silver or stamps, for testing package with proofs, to John Hart Britain, BN-3O1, Station F, New York City. Cut out and show others this adVer- tiSement
 Apothecary Hall; Clark & Brain erd; Crowel Drug Store, and others in New Britain.