davidaulloa/AmericanStories huggingface dataset:
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1919-03-24

and a reduction of food prices by
one-half. The newspaper declares
the revolution was impending when
the Entente note arrived and Count
Michael Karolyi, the Premier, seized
the opportunity in his farewell proc
lama'ion to represent himself as a
friend of the proletariat.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1919-03-24
TEUTONS MAY BE
BEHIND ALLIANCE

[Continucd from First Page.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1919-03-24
ZECHO-SLOVAK ARMY
is SENT TO BATTLE

[Csntinucd from First Page. ]
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1919-03-24

LUNCHEON AT CIVIC CLUB
Miss Martha Bailey was hostess
to-day at a luncheon given at the
Civic Club.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1919-03-24

Amsterdam, March 24.-The Aus
trian Central Workmen's Council ha.
decided not to join the Hungarian
movement in introducing sovie
government in Austria. dispatch
from Vienna says. The council, it i.
declared, pointed out that such {
course was impossible for Austria
because it is dependent on the En-,
tente for food.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20
FOREIGN EXCHANGE

New York, Oct. 20.-The foreign ex-
change market opened shade higher
than the preliminary figures for francs
and marks. International bankers as
serted that the market will depend less
in the immed ate future upon the supply
of bills but rather upon guesswork and
pure speculation.
Quotations were:
Demand sterling 4 10 cables 4.1534 I;
franc cables S.66, checks S.6S; lire ca
bles lO.l5, checks 1917; Swiss cables
5.6l, checks 5.G3; guilder cables
81 1916. checks 377s; pesetas cables
1912, checks 1905; Stockholm cables
"a 40, checks "a 25 /; Christiania cables
%, cheeks 22.S5; Copenhagen cables
y go, checks u AS; Belgian cables
S.6l, checks S.63; marks cables 3.65,
checks $50; Austrian kronen SO.
At noon the foreign exchange mar
ket developed tirmness. An advance in
sterling and francs Va attributed to
a falling off in the offerings of cotton
bills. French exchange was helped by
expectations of further credits. Late
quotations were: Demand sterling
4.1912, cables 416H franc cables
$50, checks S,661a; lire cables 1918,
checks lO,l6; marks $50; Austrian
kronen so.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20
GAL WORLD-NEW YORK AND PHILADELPHIA
LOCAL DEALINGS SHOWED
TENDENCY TO BROADEN
American Stores and Lake Superior Prominent Feature.
Recent Actiue Speculative Fauorites Auoted to Rest

Dealings in the local market were on
a broader scale than has been witnessed
for some time. The list Of the local
stocks traded in was larger and with
few exceptions at higher prices. ranging
from small fractions to So. While more
attention was given to the various local
Issues there was a corresponding cessa :.
tlon OF activities in the specialties which
had monopolized the attention of the
local trading contingent for many
weeks.
In point of activity and gain Amer
lean Stores and Lake Superior Corpora
ton were the two most prominent fea :
lures OF the days operations. Amer
ican stores after lying dormant for a
long time, was picked up and carried
to AZ, or $3.50 above Saturdays final
sales The highly profitable condition of
the company's affairs furnished the
ground work for the revival.
Lake superior Corporation at the
same time, on unusually active trading
was lacked up nearly dollar to 24T
or within % cents Of top price of the
year. Street gossip had it that three
prominent New York houses had formed
a pool and were responsible for the
days performance. If that be the
truth, the movement should not be CON
sidered seriously, except from q pure
gamble viewpoint.
Apparently the liquidation in United
Gas Improvement is not yet concluded.
smart opening advance of 75 cents
to 504 gave some hope of completion
Of the selling movement The higher
prices, however, uncovered fresh batch
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20

New York, Oct 20.--While the trad
ing continued of a highly specialized
character, today's stock market not only
displayed q decidedly strong tone, but
also an almost irresistible upward trend.
There was nothing in the over Sunday
developments to affect the market or
sentiment much either way.
An impression, however, seemed to
prevail in market circles that money
conditions would be easier. This was
based largely on Saturdays bank state
ment, which indirectly suggested that
the banks had Strengthened out the tan
gle and were again in an easier posi-
ton.
Although this theory was partly up
set by the renewal rate of s per cent
for call loans. the forward swing was
well sustained throughout the session,
as the constructive party had no end Of
material to work on. No sooner did
one stock or group of stocks show the
first signs of tagging than another new
set Of leaders were trotted out and the
spectacle of rapidly mounting prices
was kept running mcrriiy on.
Notwithstanding the knowledge Of the
necessity of still further pacation of
labor. there was u growing disposition
to view the industrial situation from
a more hopeful point of view. The
idea appears to be rapidly gaining
ground in financial circles that the iu-
dustrial conf renee will be productive
of some helpful avenue in directing an
hmicablc and satisfactory ironing out
Y the labor wrinkles. Coupled to this
is also the growing evidence ol the rec
ognition on the part of the more radi-
cal end of the abor group that there -
4 limitation to unreasonable demand
nd conditions.
As the money market conditions are
generally looked upon as the more po-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20

Of selling orders which forced the price
hack to 5Sh. This selling automatica1-
" disappeared at the lower figure, indi-
eating the worst Of the pressure he'd
been seen.
J. &. Brill was another Of the long
neglected local issues to show signs OF
an awakening. On light dealings tho
price was advanced So to 6115. BY
reason of the liquidation Of the back
dividends on the preferred stock the way
has at last been opened for the resump-
tion Of distribution Of surplus earnings
to the common shareholders. The com
pany has been paying off the accumu ;
lated preferred dividends since 1918,
In which year total of per cent was
paid. This year there has been az
gregate distribution Of 15%. The com
mon has received no dividends since
,90S, in which year the Junior share
holders received 2 per cent. It is as
sumed the regular rate of per cent or
"a per cent quarterly on the preferred
will now be restored.
Trading in both the General Asphalt
shares and Electric Storage Battery, the
recent big favorites was quiet. General
Asphalt common rallied 81, but later
,ost S3 of the gain. The preferred was
w lower. Electric Storage Battery
touched LAT in the early trading, but
1451a. ~ 'A ~
Price changes in the balance of the
local stocks were confined to small frac
tions. An advance of one per cent
IN the Lake Superior Corporation In
come 5s to 81 was the only feature of
the bond dealings.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20
5ULL|SH ACTIVITY
GIVEN WIDE RANGE
Many of Newly Listed Issues
Had Opportunity to Spread
Their Wings
COMMODITY PRICES DROP


New No-IS. Oct. ,2O.-Fhe New York
rr,aniny SIMS closing financial review
...,,,., =,
'ou"H '"N' ,,.,..,
lhere was Wlde rah"e Oh pu'lsiI uc
tiNlty at the oncnlng oi the new week
IN the securities llarNFt' N'tro.lt"
nrlce changes We're lar lT"''i uHil"I !! ~, II.
thc course or me 'isI t'hue'' !" W>''lN
'h'Ne WI" "rT''t,'t" I" ,"ol W 49, w.
u"Ihe! N"F ~ So.-,.o.d SloU5In ,'o,.on,ont on
In,,,l ,oIo b,, trirg;ng info line wifi
,"' a,,t Ioodore tbnec issues which
ue ,e, ,.,;,h born haon newly
,.a Wau "Ssg" l y, w., 't !" ,.ot had an onnnr. ..
an" ~, m"u' .h,ir t,fras
nhhllV 10 Sor'"u 'I.'l'
Last week market We9I laL III tIiao
process: and toaaN NlrtualE tnt ei',i -, Z
| industrla, category was lhaue 70 leel NV
snur. There was no. a great uen' III ln
thr way OF news 10 innuen'e prl'tS oiIe
way or the olher' a'tho''SH Wv "osvli.' '.ir'
Of positive adverse deVc'"nmeht' was
in sense, pu'nNh lac'oF uiiue' Pt''
val'lng circumstances
1t was encouraging to note that there
has been Il drOp i'll staple commodity
prices. even though slight one, hc-
cording to the statistics. submitted ny
the Bureau of Labor statistics, the flrSi
decrease since June. While collaterHI
oiIments have retarded Improvement III
the Presidents illness. the nulIetlhs OF
tho attending phvsicinns Indicate sat
isfnctory general condition. CalI money
has materially eased, the drop to u per
cent at the closing on frldaN' "hrtt tn'
commitments of the week are com"lefed'
living marked impctus to the accumil
lation of buying orders over the week
md
The execution of these buving orders
nt the onening today gave the market
broad swing forward to gains OF ! to
: noints or so. There followed a reac-
/ tiou which neutralized those gains by
half perhaps. but most of the time
through the session there was an un :
mistakable tendency to go ahead and
/ with no little VlgOr.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20
SHELL TRANSPORT
HITS HIGH ON CURB
Touches 7o and Is in Active De-
mand-Good Gains IN
Other Issues
PACKING Sr0CKS STRONG

New York. Oct. 20.--New high rec
ords were again made in many issues on
the Broad street curb.
Shell TRANSPORT was in demand S"l'
ing at the new high record of 70. Other
issues which sold at new high records
were Loew. Inc. which advanced to
3S3S. and Otis Steel, which sold at 13,
There was heavy trading again in
United States Steamship, which sold as
high as SIS. American Tobacco Securi
ties was heavy, ranging from III. to
76Ls during the first half of tho day.
General Asphalt was also in supply
selling from 14S12 to 14412 with rally
in the afternoon.
The packing stocks were active and
strong, Swift & Co. moving up
points to 63, and Libby Mcneil II
Libby rose > points to 36.
There was another upturn in Nana
dunn Steel, which rose to 6212. Aetna
Explosives was dull, selling at 10. Mar
conf of America sold at rs Loft,
Inc, sold at 3O1s to 3OlI
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20
INDUSTRIAL SPECIALT7ES
MOUNT TO NEW TOP PRICES
Prospects of Easier Money Conditions Signal for Reneued
Vigorous Pool and Clique Operations

tent governing influence, If not the
actual fulcrum of the market swing,
naturally any prospect of favorable
turn in that quarter is logically
seized upon as an incentive for re Z,
ncwed speculative enthusiasm and
market activity. Hence the widening
operations of the cliqucs and pools in
todays market.
The opening was bit too wild to
be maintained and after the brakes had
been applied the forward swing was
resumed on a more orderly and saner
basis. The motors and their acces-
sories, following the big splurge on
Saturday, continued the foremost at
fractions, The oils and shipping
shares, however. lost none of their
speculative attractiveness.
Early gains in these shares after a
hort reacuonary period following the
vide opening advances were materially
extended during the morning. New
Nigh records were made by General
Nloto SRA .merican Wooden, LeathcrS
and several OF the low priced motors.
Additions to the initial rise included
'tudebakcr. t. s. Rubber, New York
Air Brake, the various sugar shares
aud some of the new'y listed issues
notably Columbia Graphophono.
General Motors showed an extreme
advance of - points nt midday, ac,
compauied by further gains III rcIatcGd
issues. United States Steel threw olt
its irregular tone. rising almost :
points. and Independent steels gained
l to 1. American international again
led the shippingS, and Texas and Pacltlc
featured the stronger rails.
Copper and electrolytic shares bene-
tited later by the demand for stecls,
while the motors and kindred issues
exceeded previous high prices.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20
NEW YORK COFFEE MARKET

for coffee futures opened quiet this
morning, with prices unchanged to s
points lower. New Orleans and COM
mission houses sold on the call.
Not much coffee was being pressed
for sale during the first hour Of trad
ing and prices held steady at close to
initial figures.
At the close of last week European
interests were said to be liquidating,
but it was believed that some of the
buying on the call this morning was
again for European interests.
The Rio spot market was reported
$50 reis lower and the offerings from
Rio indicate continued unsettled con-
1ifinnS Tiara
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20
new NATIONAL BANK
Former Bank Of Commerce Now
Working Under National Charter

"o'NiHS OHuST NdIIOHaI CndFteF
What yesterday was the Bank Of
Commerce, 713 Chestnut street. begins
operations today as the National Bank
of Commerce, conducting its business
under national banking charter.
The Bank Of Commerce was organized
in 1904 and started business at 624
Chestnut street. Isaac Blum was the
president, and he remained at the
head of the institution until his death.
in 1918, when Nathan L. Folwell was
elected his successor.
The present capital Of the bank ia
$500, 900. An increase to $500 600 is
contemplated to provide for increasing
business: The surplus is $3.50, 900, and
the banks total resources amount to
more than 5000 900.
1906 and 1907 dividends Of 6 per
cent were paid on the capital stock.
Thereafter annual dividends of s per
cent have been paid.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20
PHuADELPHIA-Call, 5A @6 p'
soeedome.er Co. Raises Dividend

Chicago, Oct. 20.-The Stewart
Warner Speedometer Company has de-
clared a regular quarterly dividend ot
8 per cent on the common stock, IN
creasing the annual rate from 8 per
cent to 12 per cent. The common stock
has been increased from 100 600 shares
of 500, par value to 100000 shares
of no par value.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20
Reserve Banks Discount Rates

Official discount rates at the twelve
Federal Reserve banks were as fol
lows:
(Ihe first column gives rate for all
periods up to and including q fifteen
day maturity, the second for q period
OF sixteen 20 ninety days. The third
and fourth columns give the rates for
discounts of collateral loans secured by
government bonds or notes.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20

William Gibbs McAdoo, former
secretary of the treasury and director
general of railroads, in one of the first
great legal opinions rendered since he
started the independent practice of law
after leaving President Wilson s cab
net upholds the validity of the act
creating the federal farm loan banks
and the federal joint stock land banks
The opinion affects q lawsuit involving
many millions of invested capital.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20
FINANCIAL BRIEFS

Today's listing sheet of the Phila
delphia Stock Exchange shows the con
version of 81 1852 900 preferred stock of
the General Asnhalt CORPORATION into
So, 900 $50 common, which reduces the
amount of preferred listed to S9,l7T-
200
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20
Ready to Probe Newberry Election

Grand Rapids, Mich, Oct. 70 bS
A. P.)-The federal grand jury investl
CATION into charges of fraud in con
nection with the nomination and elec,
tion of Truman H. Newberry as UNITED
States senator from Michigan is ex'
peoted TO begin here Wednesday morn
ing.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20
moNgY-LENolNG RATES

NEW yORK-Money on call po.n
,.;xod collateral and all industrlai col
lateral opened at s per cent Tor leHu
ing and renewing. ..oa
The time money market con'inuVS Q
worry dull and bids range from I " .
nor cent. The higher rate was pau
this morning and shortly after miauaS
IA ner cent was bid without offerings
Prime mercantile paper is moElue o
vorv narrowly to light offerings oc
casiopal transactions are made III eAtr"
Gilt edged material under 512 per cent,
hit in most cases that rate IS the nlnl
mum. o,, cop
The high rates for call money con
tinue 10 restrict business III PRIME
bank aeceptances. Rates are un
changed and the call loan ngure oi
acceptances still stands at 47a pei
cent.
PHmADELPHIA-Call. 5A @6 pei
cent time, 534 as per cent CONNER =
cial paper, three to six months "a
534 per cent, and six months pc
cent.
LONDON-Money is quoted at 2H
per cent. Discount rates, short piiis
Az per cent; three month pllis' ~
per cent.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20

There was unusually large trading in
American International, which was an
otner record breaker, advancing four
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20
MISCELLANEOUS
RAILROAD EARNINGS
ToNoPAH STOCKS

CANADIAN NATIONAL RAILWAYS
Second, week October s1.g74,750 s229. .Os5
wa GRAND TR'UNK' System '''i''1'l
Second week October ST .ei0. ITO s1sB. 322
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20
BONDS
Initial Dividends by Mullins Body Co.

New York. Oct. 20.-The Mullins
Body Company has declared an initial
quarterly dividend Of rs cents a share
on the common stock. and SO share
on the preferred stock, payable Noyem
bar to stock Of reaord October a
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20

Early gains in motors and affiliated
specialties. also oils and shIppings,
we're materially extended,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20

Studebaker made new high for year
at 1271a. Earnings during the last
seven or eight weeks have been at an
nual rate of $35 share. Much of buy
ing, it was said, was by houses with
wires to the middle West.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20

The new week started in with a dis
play OF greater strength than has been
shown at any preceding time this
at new high record and many issues
made gains ranging from two TO over
Eve points in qhe first hSlf Of the day
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-10-20
RANK cLEARINcs

Bank clearings today compared with cor
responding day last two years: -.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1919-09-16

planned. lies in the fact that rates Of
foreign exchange are prohibitive, it re-
curing s1.20 Of English money, $.66 of
French money. 81 of italian money and 81
of German money to buy 81 worth of
American goods.
This difficulty has been pointed out in
this correspondence both by w. p. G..
Harding governor of the federal re-
serve board. and Senator Bankhead. They
suggest the formation of corporation
by cotton planters and business men. 1t
is regarded a highly improbable that
the republican majorities would permit
legislation authorizing the government
to extend relief to producers of cotton
or any other crop essentially southern.
There is just cause for alarm. author
tiles in Washington agree. 1t remains
to be seen whether southerners will or
ganize the Cotton Exchange corporation,
the scheme of Governor Harding, wheth-
er some constructive step will follow the
recent convention in New Orleans or
whether affairs will be permitted TO
drift.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1919-09-16
Gompers Asks Delay in
Strike of Steel Workers
Continued from Pnge One.)


with their clients today and it was re-
ported that the supreme court might be
asked to grant a writ of mandamus COM
pelling the police commissioner to rein
state the strikers. There is known to
be difference Of opinion among MEM
bers of the various unions affiliated with
the former police officers, many believ-
ing that before drastic action is decided
upon appeal should be made to the courts
to determine whether the police acted
illegally in abandoning their duties. The
adjournment yesterday without provision
for another meeting before next Sunday
oe the Central Labor union was accepted
as indicating that general strike was
not imminent.
Meantime the recruiting OF new ponce
force is preceding expeditiously, and the
.first. of the new men now in training
will apepar on the streets next Monday
With the state guard and the Volunteer
police on duty until the new department
is thoroughly organized, it is believed
that the city will not see repetition OF
the disorders. at least unless general
strike is declared.
The first attempt to disorganize the nor
NAL life of the city will be the signal
for the bringing in of whatever number
of federal troops may be necessary 10
protect life and property. But the ac-
ton of the authorities will not stop here.
Provision has been made to replace any
striking men or women who are en-
gagged in duties vital to the welfare OF
the city The matter of protecting the
city from fire and continuing street car
traffic and the telephone service was
said to be we'll in hand.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1919-09-16

Washington, September I.-(Special}
If Birmingham displays enough interest
in the commercial development OF the
Warrior river TO construct terminals, the
inland waterways administration VIII
complete its part of the bargain.
This information is developed in Wash
irgton following the inspection OF G.
A Tomunson last week. The ipfor-
nation, is interesting in its admission
lhat the administration itself has not
been as prompt as some expected that
it would be in providing rates and tacll-
ities.
Prior to the inspection OF III. Tomlin-
son the Warrior river development cola-
nittee of Birmingham expressed its COM
plant TO Alabama, Louisiana and len
nessee members of Congress. Wonder
was expressed as to why the government
had not furnished the necessary steel
barge equipment A statement of III.
wor1lirscn IL at such equipment would
lie accessible by January will prob
ably serve TO mollify the situation.
Birmingham has also expressed dissat-
isfaction that the administration In
Washington had not issued authority for
rates. 1t was stated that while three
months would be necessary Thoroughly
to promulgate the rates, authority could
be issued in so minutes. The railroad
administration has delayed this aethor-
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1919-09-16
Furtke. Warrior Aid
Depends on Terminals
Government Willing to Do Its Part When Birmingham
Shows Proper Interest-Bullitt Testimony About
League of Nations Regarded Buresque
Nv HUGH w. ROBERTS

ity several months The idea seemed also
TO obtain in Birmingham that the rail-
road contingent of the administration
was endeavoring to prevent the full de-
veopment of the Warrior under govern
ment protection, it being the theory thai
after the government released the pro-
jeet the railroads could handle it 10
the railroads satisfaction. 1t was the
belief of some of those deeply interested
in the Warrior that the railroad contin-
gent was camping on the trail of Trat-
fic Manager Brent, who, in following
instructions, had initiated policies bene-
fetal to waterways and at the expense
of railroads. 1t was plainly limited to
members of Congress that the railroad
men were after the scalp of Brent
were trying to force him to resign in
that a plant tool might be put in HIS
place. Mr.. Brent himself. as far as
known, has made no such complaint. In
Washington the idea is secuted, followed
by q general denial.
On the other hand. it is stated unof-
iicially that the administration will COM
plete its part of the bargain, but that
Birmingham must display enough inter
est to construct proper terminal facil-
tiles The incorporation in Birmingham
of a company to take advantage of the
Warrior opportunity for the good OF
Birmingham indicates to Washington
that Birmingham will eventually do its
part.
That is all that is necessary" was
the way an official of the administration
speaking as if well advised, put it tc
the correspondent of The Age-Herald.