davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-14
CONSIDER CLUB MERGER
Business and Professional Women
Convene at ST. Louis

st. Louis, July 14-(By A. P.O--
Consolidation of the various business
and professional women's clubs of the
country into one centrally directed body
is the principal issue facing the con :
ventions of the Women's Association of
Commerce of the United States and the
national women's. business committee,
which opened here today.
Plans for the establishment of apart
ment houses and hotels in every large
city for the exclusive use of working
women and for obtaining wages for
women commensurate with mems also
will be considered.
business and professional women
from all sections Of tl9 country are
in attendance.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-14
John |. M athias

MahanOy City, Pa, July 14.-John
I. Matthias. formerly president of the
state organization of Elks. bank di-
rector and identified with Mahanoy City
as councilman. school director and a
leading citizen for more than half
century. died at his home here yester-
day aged seventy seven years. Louis
B. Matthias. attorney. of Philadelphia,
and Mary, widow of DR.. II. d. Her
many. are his immediate survivors.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-14
DR.. PETERS LEAVES N. Y.
Rector of St. MichaeI's Goes to
Southern University

New York, July 1.-THE Rev. DIR.
John p. Peters, for more than twenty
years rector of ST. Michael's Church,
in this city. has resigned and has been
elected to a college chair in the Uni
versity of the South.
1t is understood his successor will be
the Rev. Thomas McCandless, who has
been assistant at st. Michael's for some
years. with the right of succession. st.
Michael's is one of the historic parishes
of the upper west side.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-14
SOCIAL ACTIVITIES

Mrs. Graham Spencer announces the
engagement of her daughter, Miss Agnes
NJ. Spencer, to Mr.. John l.. Montgom-
cry, son of Mr.. and Mrs. William w.
Montgomery, of Radnor.
The wedding will take place on Sep
tember 13, In st. Marks CHURCH, Lo-
Gust above Sixteenth street.
Mr.. and Mrs. s. Wilson Fisher, of
Briar Hill, Amber, will entertain at
dinner on Friday evening in honor of
Miss Emily Manchester Hibbard, of Cal
ifornia, and Mr.. Malcolm s. Huey.
Mr.. and Mrs. William Carmalt Scull,
Of Bryn Mawr, will entertain at dinner
on Wednesday evening.
Mr.. and Mrs. Howard s. Graham, OF
Chestnut Hill, will entertain at dinner
this evening at their summer home In
Newport, In honor Of their daughter.
Miss Margaret T Graham, who viii
make her debut at 4 tna 70 BE- gwen by
|
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-14
John Symons

John SymOns. prominent in local Ma
sonic circles. died suddenly Saturday
at his home. 1431 Willow street. Nor
ristown. Mr.. Symons. who was forty
nine years old. was a member of the
Philadelphia Consistory. Scottish Rite.
and of Lu Lu Temple.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-14

her parents. at their home in Chestnut
Hill. on Saturday, October %.
Mr., and Mrs. Samuel Bell. Of 270
South Sixteenth street, will give a din
ner at the Ritz Carlton on Friday, No
vcmber %, in honor of their daughter,
Miss Pauline L. Bell. before the dance
to be given by Mr.. George ii. McFad-
den. in honor of Miss Rebecca Thorn
son. Miss Bell will make her debut
next year.
Colonel and Mrs. Edward r. Cas-
satt returned to Chesterbrook Farm on
Friday after visit to New York.
| Mr., and Mrs G. Dawson Colem n
will return to Appleford. their place in
Villanova, this evening. after spending
few days in New York.
Mrs. Francis King Wainwright and
her son. Master Forester Wainwright.
will leave this week for Northeast Har-
Dor.
Mr. and Mrs. William A. Lieber will
leave the end of this week for Nara
SHuSett ller, 10 Tenldln through August.
Mr.. Paxson Decter, of Bryn Mawr, is
spending a few days with Mr.. A. At
water Kent at his summer home in
Kehnebunkport, Me.
Mrs. David Lewis spent the week
end with her sister. Mrs. Benton Bum.
at Stockton Villa, Cape May. Mr.. and
Mrs. Lewis are staying at the Phia-
delpha Country Club.
Miss II. Ethel Maule. Of Briar-
Crest. Nillanova. spent the week end
with Mr.. and Mrs. Frederick Stovell.
at Cape May. Mrs. William Henry
Maule is spending two weeks at Mt.
Pocono.
Mr.. and Mrs. Claiming W. Daniel
who have been living with Mrs. Daniel
father, Mr.. William r. Werner. OF
Wayne, have taken house at St
5 Davids. which they will~occupy in tn,
fall. Mr.. and Mrs. Daniel and Miss
Eleanor Werner will spend the month OF
August at the Baldwin in Beach Haven
Miss Mildred Sage Alexander. of 51OS
, Spruce street. will spend July and Au.
gust at Siasconset, Mass. as the gues
of DR.. and Mrs. F. III. Shutz, o.
r Washington. D. G..
Mr.. W. w. Barton. of London Eng
is visiting his uncle and aunt. Mr. ant
Mrs. William Henry Hughes, at Coed
fryn. Bryn Mawr. for few weeks be
fore Joining his family in Maine.
$ Mr.. and Mrs Logan Howard Smith
4 of 300 Hathaway lane. Wynnewood
r have closed their house and gone t,
r Virginia Hot Springs for the summer
e Mrs. Thomas Heger and fami'. hav
closed their Jenkintown home and hav
opened their Ocean City cottage for tn
= summer.
p Miss Helen Powell. of Allentown, i
: spending a fortnight as the guest o
g Mrs. Charles Wahl. of 2O15 West Tiog
" street. Miss Powell's engagement t
> Mr.. William G. Wahl. son of Mr.. an
Mrs. Wahl. was recently announced
II Mr.. Wahl recently received his dis
= charge from the naval service at Cap
:. May.
Mr. and Mrs. Wilbur Merrill are a
n the Cresheim Arms, Chestnut Hill, TO
s the summer.
v The wedding of Miss Jessie F. Nc
$ Kinley. daughter of Mr.. and Mrs. job
n Mckinley. of 116 Annsbury street, an
,r Mr.. Joseph NJ. Rea. also of Tioga. wi
n, take Dlacp this evening at o'plock q
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-14
Dr.. G. E. Mish. Of Steelton

Harrisburg. Pa, July 14.-Dr. G.
F. Mish. of Steelton, one of the oldest
physicians of the county. is dead. aged
ninety two years. He was a veteran of
the Civil War and a large property
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-14
City Band Concerts

Fairmount Park Band, Lemon
Hill. 4 to g and to 10 p. IN.
Municipal Band, Howard street
below Girard avenue, 8 O'Clock.
Philadelphia Band, City Hall
plaza. 6
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-07-14
JUST GOSSIP ABOUT PEOPLE
Nancy lynne Talks OF the Doings Ne,oport in the
Philadelphia Set-Mss Eugenia Cassatt Home
for Short Vacation From Hospital

her parents. at their home in Chestnut
Hill, on Saturday, October 20.
New-York tribune., 1919-04-23
Steel Foundries
Plan Ratified
Shareholders Unanimously in
Favor of Proposed Recapi-
talization of Company

Shareholders of the American Steel
Foundries Company at special meet
ing yesterday unanimously ratified the
stock pitalization plan proposed by
the directors. This provides for the
creation Of $25,000,O00 new Z per cent
non-voting preferred stock and the
issuance Of 515, ,520 new common shares,
1888 13 par value, to be exchanged
for the existing 17S,140 shares of par
value Of 800.
In reply to inquiries regarding divi-
dend prospects on the new common
stock, R. P Lamont, president Of the
company declared that the chances
were better than ever, as it was in
tended to issue the new preferred
only in payment for properties that
would earn the dividends on that issue
and leave a balance for the junior
shares.
for the purchase of the Griffin Wheel
Company had not reached q stage where
any announcement could be made. He
said the company was also negotiatin
for the purchase of other properties.
Of the stocks actively traded in yes
terday Ame rican Steel Founderies had
the greatest rise, the greater part of
which took place after the recapitaliza-
ton plan had been formally approved
At its closing price of 9614 the stock k
showed a net advance of 61a points
1t was reported yesterday that the new
common stock will soon be placed by
the directors on $3 share annual
dividend basis. This would be equiva-
lent to per cent on the present stock
New-York tribune., 1919-04-23
Lehigh Valley Earned
$5.4t "A Share i'm 1918
Presiden, Loomis Asserts That
Government Compensation
H. EnadeQuate

Repert Of the Lehigh Valley Rail
road Company for the year ended De
eemher 81, 1918. diseleaea net income
after charges aud taNea of Sd,bNe,sal.
equivalent, after the payment OF pre-
ferrcd divldenda, To Soll a share. $50
ner value, earned ON tho Sd0.b0l 200
common steek, aRainst s11blSaa. or
so Qo share, ia the preceding year
Compensation dur from tho Rail
road Administration under The Fed
oral control contract amounted TO Sill
32l,233. In regard to this amount +
+. LOOMS, resident of the company.
reports that an annual loss Of 5000.
600 for every year of Federal control
will have to be faced by reason Of
what he calls inadequate annual COM
pensation.
Gross income for last year aggre
gated S14.34TG5S, or $685. .94a larger
than that Of the year before. Interest
on funded debt was $4,039,75S. while
on the unfunded debt deduction Of
$2T3,f was made. Holders of the
stock shared S6,060S0O in dividend dis
oursements, leaving a S532 ,034 surplus
This represents a decline of 1859 ,O25
from 1917.
The company was loaned $4,000. 600
by the Railroad Administration during
the year, for which it was obliged to
deposit as collateral S3,5O0,000 OF its
general consolidated bonds.
AT the close of the year the CAPT
tai stock Of the company was held by
1857 stockholders, of whom 5,23l
we're women, or 38l2 per cent In 1917
there were 12,227 stockholders
New-York tribune., 1919-04-23
Stock of Copper
I'm L. ;. Placed at
l,30O,0OO,0OO Lbs.
Supply of Metal Growing,
Though Many Mines Are
on SO Per Cent Basis
and Others Are Closed

Although the American conner min
ing industry is reported to be operat-
ing on about a so per cent. capacity
OASIS OF production, and some mines
nave Deen closed down because of the
hlgn cost Of operation and the low
market price OF the metal. stocks Of
copper IN the United States are raDidlv
accCmuiatng, 1t was learned in the
trade yesterday.
On January the surplus Of refined
copper and copper in process of rerine-
meAt was put at 1000, 900 900 pounds
py the copper producers Themselves. At
present the surplus Of refined copper
ntoHo - estimated by competent
authority at 1900, ,000. 900 pounds, with
AN additional goo 100000 pounds in the
process OF being refined
me world surplus Of copper is nut
at moro than 100000 600 pounds by
tNla authority aa Europe is estimated
To hold IN oxcess of 500 OOO 600 pounds
according TO iActs uncovered hy the
American copper mon on their rccon,
expedition of inquiry abroad
Sales Small
Since January / it is estimated that
total ssles of refined copper bv The
American producers have amounted tc
between i4o,oooooo and 10000 o0C
pounds.
With copper selling around Is cent,
iew OF the leading companies can pro-
duce copper at 7roht, it is stated
as production costs on the average are
now ~ to l6 cents a pound. The
average cost of production last yeai
was around Is cents q pound, the price
OF supplies and the wages of labor
having since been substantially re-
duced.
Some important copper producing
properties are not bringing in a pounc
OF the metal at present. The United
verde Copper Company, owned by OK
Senator Clark, and the United Verde
EXTENSION. both located in the Jerome
district of Arizona, have been closec
down since February IA partly because
OF unfavorable labor conditions anc
partly because Of the unsatisfactory
position of the copper metal market
These two properties produced in 1915
approxlmately 150,000,0OO pounds o.
copper between them
Other Suspensions
Other smaller properties which
started up production with GOMEZ
above 20 cents pound have suspended
operation. The big producers hk,
Utah and Anaconda are reported t,
be operating on basis of less thar
30 per cent capacity. Preliminar,
figures given out yesterday showed
that the Utah Copper Company pro
duced 8,366,000 pounds OF copper il
March, compared with 1885 900 il
February and 100000 in tine CORE
spending month Of 1918
New-York tribune., 1919-04-23
German Coal and
Steel Companies
On Brink of Ruin
Producers Suffer Heavy
Losses and Unparalleled
Economic Collapse Is
Predicted as a Re suit
By William C. Dreher

Netc York Tribune
European Bureau
Copyright, 1919. New York Tribune Inc,
BERLIN, April Reconsideration
has been caused in financial circles by
the publication Of facts showing that
some Of tho strongest coal and steel
companies are on the brink Of ruin
through repeated strikes, high wages
and low production of labor. Several
OF the most famous companies In West
ern Germany report losses already
running into the millions.
For example, the Deutsch Luxem-
burg Company has "a deficit of at least
ten million marks for November. De-
cemher and January The Neutscher
Kaiser Company has lost $4,000 00o
marks tSS,io0.O00l 10 the end Of March,
The latter company announces that il
has reached tho end of It's resources
This concern has long been regarded
as one OF the model coal and stcel
works IN Germany.
Similar reports arrive from Silesia
where the equally famous Laurahuette
company announces tho loss of sevon-
teen marks per ton on coal and 23C
marks per ton on steel, and a shutdown
IS impending. The conditions here re
tected affect many other industries
and ample indications already warrant
the prediction that Germany is ap-
preaching an economic collapse with
out parallel in history.
New-York tribune., 1919-04-23
Low-priced Rails in Favor

Low-priced railroad stocks, including
Missouri, Kansas e. Texas, Missouri
Pacific, Frisco, and Texas & Pacific,
were given a whirl yesterday with re-
sulting gains ranging from 1la to y
points. Talk was heard that these
companies would benefit greatly from
the oil boom in the Middle West and
South, hence their u-rent strength was
a forerunner Of future prospects. Con
cernlng Katy" there were reports that
the company had found oil on its own
right of way. These were officially de-
MED. It was stated, however, that a
subsidiary road traversed territory in
which a large amount OF oil had been
discovered.
New-York tribune., 1919-04-23
fINANCIAL MEETINGS


New York city. April iath. 1919.
NOTICE IS HEREBY GltEN THAT \
meeting Of the stockholders of the White
Nashhurne. Company, Inc, will be held at
the office of the company. 100 Hudson street,
City OF New York. Borough OF Manhattan,
state of New York, on the first day of MAY,
1919. at p. m. for the purpose Of electing
Directors for the ensuing year and two in
spectors Of election 10 serve at the next
the number OF the Directors OF the White
Washburne Company. In~-, shall be Increased
posed amendment 70 Article 3s of the BY
Laws which il IS proposed shall be amended
as follows Dividends shall be- declared
and paid out Of the surplus rolts of the
Corporation az often and at such times a.
the Board Of Directors may determine. and
IN accordance with Section % II the Stock
Corporation Law and Tor the transaction
Of such other business may properly
come before said meeting.
WHITE WASHBURNE COMPANY INC
c. F. STOEHR
Secretary.
New-York tribune., 1919-04-23
Central Leather Go. Reports
Larger Earnings for Ouurte,

For the first quarter of 1919 the Cen
tral Leather Company shows total
earnings of all properties after deduct
ing expenses and provision for taxes
Of s3.696,79o, m increase Of s1,077I87
over the corresponding quarter Of 1913.
Gross income amounted to s2,572,47O,
or $971 40 larger than that for the
same period of last year.
After interest totalling s459,552 and
was equal to $3.So share on s39,701,-
030 common stock. This compares with
Sl40 share earned in the quarter
ended March 81. 1919. After common
dividend payments aggregatlng $496,
2s1 surplus for the period was 81 ,o7S,-
02b, an increase OF $I,0l6.470.
New-York tribune., 1919-04-23
Foodstuffs the Media
For Transferring Funds
Unique Method of Making Re-
mittances Adopted by For
eign Exchange Director

American foodstuffs win De employed
from now on as the media for trans
ferring funds from the United States
TO Poland, Finland, Rumania, Serbia
CzechoSlovakia, Jugo-Slavia. German
Austria, Bulgaria and Turkey. accord
ing to an order issued yesterday by
Fred |. Kent, director OF foreign ex-
change of the Federal Reserve Board.
Under this order the American relief.
administration becomes the exclusive
authorized agency FOR the transfer of
funds to any OF these countries, and
the transfer will he effected by the
purchase Of food in this country and
its sale in the country to which the re-
mittance is to be made,
The arrangement VIII work in this
manner: The dealer desrous OF send
ing funds to Rumania, for example,
viii turn the amount of dollars he
wishes to have converted into Ru-
manian currency over to the American
relief administration, which viii buy
food in this market The food VIII be
shipped To Rumania and sold there, the
proceeds of the transaction becoming
available in Rumanian currency, which
is credited 10 the person here seeNng
exchange on Rumania. Under this ar.
rangemeNt the rate of exchange he
tWcth the NltNt NtAtNA NNV the toun
tries mentioned will be determined by
the relative purchasing power OF the
two curronclcs in buying food.
The American relict administration
will not receive or distribute money
direct from or to individuals. but viii
transmit it through tho hanks in .
manner that will not Interfere With the
clientele Of the various banks anc
bankers in the United States who hav'
heretofore handled the foreign ex
change market.
New-York tribune., 1919-04-23
Relevant Comment
The Dav's Market

Stock market prices moved in be-
wiloering fashion yesterday on trading
approXlmatIng a million and half
shares. At the opening many shares
advanced. Then realizing sales ap-
peared in heavy volume, causing sub
stantial recessions, but n the closing
hour the whole price list stiffened when
Steel common became very strong and
crossed par. The market was the
broadest in weeks.
The early unsettlement in the price
trend was looked upon as a natural
sequence of the sustained rise, as there
was no special news TO account for
the selling The afternoon bulge in
the final hour was attributed To un~
confirmed reports that the steel price
controversy has been settled
Steel common sold early in the dav
as low aa asa but closed as 1904, up
. s.. Coppela We're heavy. Oils dis
'piayed irregular tendencies. Railway
shares were more prominent than usual
at late and the group displayed u strong
tone, Ia the speciality department. May
Department Storea stock WAa - strong
feature al an advance Of Aia paihfa.
while International harvester advanced
nointa. Julius kAyaar g.. kevstone
Tire 0aa, Les Rubber Tire and Ger
tainteod Produets = ~. Weak spots we're
Ptaher Body General Chemical. Al
lantc Gulf and Weat Indies and Ameri-
can Sugar
The bond market was active and Lib
orty Loan issues displayed an easier
tendency.
New-York tribune., 1919-04-23
Market Opinion
The Most Attractive Stock,

Speculative interest in Wall Street
at the moment converges upon what
Steel common stock is going to do. For
more than fortnight it has hung
close to par. moving within a compare
lively narrow range. Discussing the
position of the markets speculative
leader Maury, Rogers & Auchincloss
say:
"We are of the opinion that United
States Steel common shares have
reached position marketwise where
accumulation Of the shares for event
ual large profits may be undertaken
We are also of the opinion that, either
for investment or for speculation
United States Steel common is perhaps
the most attractive stock on the list at
this time, taking into consideration
both value and prospects as compared
with price. The risk involved in pos
sible further decline in price is, we
believe, extremely small as compared
with the possible advance in price y
New-York tribune., 1919-04-23
Finance Economics

Copyright 1919 New York Tribune 1ncD
1t is not improbable that the or
CARNATIONS conducting prosperity
campaigns Will never catch up with
prosperity. Prosperity is unes-
capable. It's arrival in full force
may be delayed, but it is bound to
come and in veritable avalanche.
Among the things that make it Ger
tain are a volume of deferred busi-
ness of immense proportions which
cannot be deferred indefinitely and
purchasing power greater than was
ever before possessed by the Amer
lean people
New-York tribune., 1919-04-23
About Franklin's Trip

From such information as it has
bean possible to secure here in re
sponsible quarters" said Clark, Childs
& Co. yesterday 1T seems improbable
that the trip to Europe so suddenly
taken by Mr.. franklin, president of the
international Mercantile Marine Com
pany, has anything to do with a re-
newal OF the negotiations for sale
OF the British tonnage of the company
TO foreign syndicate, as has been
suggested IA part of the public press.
1t is believed to ne very un-
likely that the concern Will attempt
another foreign deal The preAlAent's
trip Is probably one to get the tate Il
iaeta al TO the extension of trade in
The moat promising channels
New-York tribune., 1919-04-23
National City to Increase CAPITAL

It was reported in Wall Street yes
terday that the interests in control Of
the National City Bask are considering
Increasing the capital stock of the in
stitution, which is now s25,0O0,00o.
The story could not be confirmed. The
statement of the Nationel City Bank as
of March 4, 1919, showed capital, sur
plus and undivided profits Of $685.
6l3 on that date, and deposits of S770,-
263, ,453. If the banks capital is in
creased it would have tie largest CAPT
talization of any bank in the United
States.
New-York tribune., 1919-04-23
Chino Copper Net
Smaller i'm 1913
Profits Are Equal to $40
A Share on Capital Stock

On an output of 75,655.641 pounds
OF copper the Chino Copper Company,
one of the leading prophyry producers
III the country, returned operating rev.
enues of S17,O49,5s in 1918. against
$l9,261, 800 in 1917. Gold and silver pro-
duced amounted TO $50, 1872, making
gross from production of $17.O99.312.
The net cost of producing copper for
the year averaged 17.178 cents a pound.
compared with 1l.39 cents in the pre-
ceding year. This heavy increase is
attributed to the higher costs of la
bor, supplies, smelling, refining, etc.
FOR this copper the company received
22< 36 cents a pound
After all charges and taxes, net
profits Of $3,9O8 222 were equivalent
TO S4.49 share, par value s., on 81
$4,000 capital stock against $9,513,-
o54 or Sl0.9S a share in 1917. Divi-
dens paid to the stockholders during
the year totalled $2,827 ,435, leaving d
balance OF S1,0SO.7S7. Profit and loss
surplus after capital deduction of ST.
Oo7 ,475 was 4,S57 ,238.
In the report to the stockholders d.
{. Jacklng, managing director, called
their attention TO the fact that while
the quality Of ore mined and treated
exceeded that for the previous year by
some 80, geo tons, production of cop
per decreased approximately 1000 600
pounds, Notwithstanding the fact that
the grade of ore for the two years
was substantially the same. He ex-
palned that it was obvious that the
cause Of this shunkage ia production
was a decrease Ia mill recoveries. This.
he said, was due to many factors, the
most important Of which was the ne
eeaalty Of mining for considerable per
iada daring The year from areas where
the orea contain large pereentgges eli
eafhenatea and other oNidised oappe +
minerals not recoverable in high per
eentage ny the concentrating methoda
regularly employed
New-York tribune., 1919-04-23
Cotton Influences

Moss & Ferguson, analyzing the cot
ton market situation say: There are
Just enough bearish elements to deter
over-confdent buying and thus pre-
serve the speculative equilibrium so
essential to sustained advance.
Fortunately also for the future of the
market, the bearish features are merely
incidental, while the big fundamental
forces are working ir-cnorably in favor
of higher prices Influences that will
sway cotton for the hext twelve months
do not consist of a war that is at an
end or the trail OF havoc left in its
wa Ike -