davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-19
GOSSIP OF WALL STREET.
Market Opinions.

Despite tho heaviness in stocks dur
ing the latter part of last week market
letters take confident view OF the mar
ket Goodbody & Co. predict that the
next five or ten point move in average
prices will be upward, and the fact
that pessimism is about as thick and
black as 1t can well be makes us
bullish." Hayden, Stone & Co. say "One
feature that must always be in evidence
before we can expect any uplift IN Sc
curities or expansion generally is be-
ginning to make its appearance, namely.
easier money Shonnard. Mills & Co.
characterize recent selling as sort OF
clearing up shower before a basis can
be reached upon which TO build a broad
active speculation in anticipation of the
postwar prosperity which every one
Is convinced Is in store. w. J. Wollman
& Co. believe that REIMBURSEMENT Is pro-
Ceeding much faster than appears on
tho surface" Wrenr Bros. consider that
the market is already too low to war
rant the expectation of n sweeping de-
cline"
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-19
steel Well Supported.

Tie extraordinary support which Steel
common felt when 1t touched 80 yester-
day revealed considerably stronger in
side position than the financial COM
munity had been led TO believe Inquiry
revealed the fact that orders aggregating
several thousand shares were being held
at 90. and the good buying power which
developed as soon as the stock had
touched that level easily overcame the
pressure which the professional element
had been directing against the market
in general and Steel in particular. One
house reported that there was unusual
activity apparent among the bears. Heavy
short selling was responsible to a large
degree for the pressure. but there was
also considerable amount OF evening
up transactions on the selling side. par
t.cularly in the speclalties OF the char
acter of Mexican Petroleum.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-19
STAGNATT0N RULES
IN IRON AND STEEL
Limited Buying Is Chiefly in
Finished Products and on
Old Contracts.
SEE SOME IMPROVEMENT
Trend in Mills Is Still Toward
Lighter 0perations-Pig
Iron Men Meet.
SEE SOME IMPROVEMENT
Spec11i Dsspdfck 10 THE Srv

PrTrsBURG. Jan. 1s.--JudRed by ordi.
nary standards, the iron and steel u,,--
ket is considered stagnant. although
there Is some buying in progress. partic
ularly In finished steel products. ard
while the volume is small, some obscrv.
ers find an Improvement this week 10
compared with last. What is Commun'~
referred to as buying includes specifying
on old contracts. and as a matte ~
fact the major portion OF the current
bookings is made up of such shipping
orders on old contracts. Looking over
he unified tonnage statements al tho
mills reveals the fact that buyers have
a large volume of business under con.
tract. So that as rule they specify
rather than make fresh purchases when
they desire material.
Steel mill operation this week is com.
puted In various ways, some estimates
placing II at the low figure Of 60 rar
cent. Others maintain that il Is much
higher. Conditions are decidedly mixed
At some plants there Is slaCkeninC Of
operation. At other plants some of the
departments are closed definitely. Some
mills, therefore, are being reported As
In regular operation when their tonnage
outputs are really considerably below
actual capacity. The trend is still in
the direction Of lighter operations, and
that condition may continue for several
weeks. The general expectation is for a
revival of n proportion of demand bv
early spring. A full operation for tho
industry Is not expo cted until fundaIncn-
tai conditions are very different from
those obtaining as to cost of putting IN
permanent structures OF all sorts and
stability of market values and prospect,
of safety of investments from indus.
trial unrest
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-19
London Money Market.

boHDoH, Jan. ls.-Money, 3 per cent. !:
discount rates short and three months
blls' sl7-"2 per cent. gold premiums
at Lisbon, 600.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-19
CONSOLIDATED EXCHANGE.

Selling pressure continued in the mar
ket yesterday on the Consolidated Ex-
change and final quotations showed
losses. Railroad shares were inactive
and substantially lower, Steel common
sold down to 90, closing at 9Ols. Bald
win Locomotive was weak from the op-
enins. with a closing decline OF . points
Mexican Petroleum continued its down
ward course closing at 16s1k-the low
for the session. Copper shares were in =
active and steady. Trading in Liberty
Loan bonds was in fair volume. with
prices steady
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-19
DIVIDENDS.

Stock OF Pay
Record. able
Am. Glue Co. pf, 5-a, Jan. 90 FcS. !
Arkwright Cotton Mills. q,
l9'o ............. ....... Jan. is Feb. /
Tourne Mills, q, 31e.......Jan. IS Feb. !
Barnes-kIng Development
Co.. q, loc..,:....: ....Jan. IS Feb. IS
Brown shoe Co.. pr q,
SO .,;....; :..........Jan 20 Feb. l
buckeye Pipe Line Co.. q,
Goodyear Tire & Rubber Co.
Cd pr q, 2e6............Jsn rs Feb. l
Iuaho Power Co, pr. q,
Kelsey Wheel Co. pf. q,
lAPo Jan. 81 Feb, l
Marconi Wireless Tel. Co.
Merconi Wireless Tel. Co.
Ltd, 10 ,.............. Feb 1
Pittsburg & Lake Erie RR.
co. Il. 32.5O............ .Uan. - Feb. 1
Rcst Penn. Traction Water
Power Co. pr q, Ia 60 Jan. 20 Feb. Is
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-19

'IlVdend deforred pending
reG lot range,
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-19

One of the features of the weekly
statement of the New York Clearing
House was the rise in United States de-
posits. against which no reserve is re-
auired. amounting to 100000. 900. These
deposits at the beginning OF business
yesterday amounted to 1898, is9, 900. The
statement disclosed an increase in sur
plus reserve of sS.O2s,2SO. While de-
posts against which reserve is required
increased nearly s11.00O,000. the cash
reserve of member banks in the Federal
Reserve Bank gained SS.7O0,000. ac-
complshed mainly by draft upon the
cash kept in tho banks own vaults,
which does not enter into surplus re-
serve calculations Loans expanded
s4471s,000 to s4,S05, 045, 000. only s34.
100000 below the largest figure on
record. which was achieved on December
l. 1917
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-19
FORFIGN GoNERNMtNr sECrRrr1Es
UNITED STATES.

New York Stock Exchange Government
bond quotations. Accrued interest is to bc
added TO these pros
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-19

Grading pig iron Is a momeut"u~ So
jcCt to producers and consumers, ar.'
came in for considerable discussion. m.
standard foundry iron FOR the co.,
West and South will continue to l., '
10 2.25 per cent. silicon. AS in the ", .-'
divergenCes in analysis will be ~ ..
of competition, which may deve't.. ,
one time or another Trade pros. '
We're taken up at the afternoon mo. :
the common expression being tha' r..
iron Is marked for further g. ~.
eventually, though no speakers N,' .-.
any prediction as to when tho lI-A. =
cline Is likely TO come.
one valley r. Queer took iss., go,
all the Views oppressed ana fr asf
that while the market may rocr3.
short time it VIII advance soog :.
levels than the present basis S.....
the birmingham producers - -
their VI Willingness 10 reduce ' .r
S3l, birmingham, ana s!En,hr '.-r ''
prevail OF plan that wou'l "t-.
Mahoning and ShenaNro Na..'.
baslng point for the country
More than two months have -''
since the armisticc WAS signed
radical changes That have u,. .I.
steel market conditions have '.
matched by any chance at a"
coke market situation, which
10 he one Of prices QuOtaNio at
eminent limits with practically H.
ings of furnace coke i'm the ur..
ket, and very limited offerings
dry coke, Just n month after
ing OF the armisttCe finished s..
ucts. with few exceptions. P... '
duced 81 TO 81 net ton l-.. ''
steel generally WAS reduced -
ton. shortly afterward pig iru
ally declined SO a ton. HeaN.
scrap has dropped SO a ton.
per cent. commission. to ltr
ton, and Is hardly salahle even .'
reduced figure. Many ohsorV," N
that pig iron is marked for fu",u F"
cliucs in the next few months T.
not the belief OF !. Leonard RI
formerly Director OF steel ~ari f. %
'sSO'ilted again with TIE 49,.
steel and Ordnance COMPANY II.
dlctiou is that by spring pig jr- A.
reach $50 Il ton and hincts $50
burg iron and steel won hay" oU.r. ..'
orally expressed THAR cisi,,r. .e'
with Mr. Replogle's views
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-19
EARNING STATEMENTS.
Railroads.

BUFFALO, ROCHESTER, AND PTTTSBURG
Second week january. sm7,pI Inc $3.50
From January l....,.... SOC. 500 Inc "a 500
CANADIAN PACIFIC.
Second week January. 81 S91. 900 Inc SEA 90
From January l..,...... 5,7i7,O00 Inc leSG, 900
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-19

broadening influence has devc .uped
IN the scrap market, made distinct hy
the fact that several consumers la,e
been buying, in recognition of what thcv
considered bargain prices Here 'go~e
the market, where there was any. had
been made by dealers who bid eNtrene'g
low prices. although quoting lLu,l
higher prices to consumers 1t is is
serted that tho dealers have been ,n.
deavoring to bear the market by MAKE
ing low bids and short sales in exp,rta-
tion Of covering consumers and 'arn
requiring the small dealers to soil 20
them at comfortable margins below "a
mill prices, on the basis that ou'y ~
such means could the material reach
consumptive channels. Ordinary heavy
melting steel scrap has been selling -
consumers lately at $50 delivele4 ~
this district. Recently there We're - f-v
sales to Youngstown points at S2l. 81 3
are hard 10 get. the majority OF ,ol-
sumers reporting that they are ol' 7
the market. while the dealers bid 'rl.t
less than $40 Ordinary heavy melting
steel is regarded now as fairy Qau;...4
at sl9 to $50 as a market pIopO>. .u.
Offerings Of considerable touuaEcs -
shell steel, perhaps lo0,o0o tons in %
aggregate. have been made by :he
British Cor eminent. They are in party
manufactured form. and excellent SCRAP
material, but impossible TO roll l. a
usual forms. Such material has bc.n
going at s22 to 1928 delivered at Na".
Gus consuming points. 49, it is widely
distributed geographically. 1t Is entirr'y
different from regular shell steel h,.'.:
offered in billet and round form suite :
for rerolling, which it is said cam y
had for less than s27 or s2S
moderate amount OF buying 90 ...
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-09-28
SENATORS TRIED TO
MISLEAD ITALIANS
ON FiUME QUESTION

Lincoln, Neb, Sept. 27.-While
President Wilson was devoting his at
tention to the peace conference in
Paris, certain United States senators
were sending messages to Italian
statesmen, saying sentiment in this
country was not with the president on
the Fiume question but was with the
italians, Prof fred Morrow Fling,
head 0 fthe European history depart
ment of the University of Nebraska
and one of the two official war de-
partment historians at the peace con-
ference, declared in an address here
today.
Professor Fling spoke on the peace
treaty with its league of nations cove
nant. His address, his first on this sub
ject since he returned from France,
was given before a meeting of the
city teachers institute.
He lauded the efforts Of President
Wilson at the peace conference, and
during reference to the Shantung
sett'1,ncnt OF tha Pcacc t1&asS Us
clared that the best way for the Unit
ed States to see that China got Shan
tung was to ratify the league of ma
tions covenant in its present form so
that the league would see to 1t that
Japan kept her promise to return the
province.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-09-28
BRIEF REVIEW OF
STRIKE SITUATION
(By the Associated Press.

Having failed In the first week
Of the steei strike To paralySe the
industry although crippling many
plants and forcing a smut down In
some Centers, union labor Is mass
ing its forces for greater offens-
ise tomorrow, when approximately
35, 900 employees OF the Bethlehem
company have been ordered TO join
the walkout.
On the other hand. officials Of
the United Steel corporation ami
independent companies who claim
to have won back many deserterS,
are preparing to launch drive at
their own. I'm an effort to reopen
as many plants as possible and I'M
crease the output in mills kept la
operation.
The sixth day of industrial
struggle. which passing without
serious disorder brought no great
advance to either side, was marked
by the following developments;
Formal announcement by the
strikers national committee that
the Bethlehem strike would be-
come effective tomorrow.
2-Invitation extended by the
strikers To the senate labor com
mittee TO visit I'ittsburg and In
yestigate for itself "causes of thc
strike" and illegal and brutal
methods employed by the steel
corporations To break the strike.
3-Announcement that the strik-
ers would confer with the railroad
brotherhoods on matters con-
nected with the strike
i-EXpression of confidence in
William u. Foster, secretary of the
strikers national committee,
adopted by that body after attacks
had been made on Foster. In con-
gross and elsewhere, for alleged
"radicalism."
5-Detailing of additional police
In various cities TO afford protec-
ton TO workers desiring 10 return
to their posts tomorrow.
G-Reply by Secretary of War
Baker to strikers protest that he
lacked authority to prevent enl-
plOymcnt in Chicago OF discharged
soldiers i'm uniform as strike
guards.
T-Sccond message sent Gov
ernor CoTnweII. of West Virginia,
warning him of u threatened sin
yasion" of West VlrgiIia by Ohio
strikers unless the Weirton Mills
close by tomorrow afternoon.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-09-28
STRIKERS ASK To
RETURN To WORK
At PUEBLO PLANT
Manager of C, F, & /, Com
pany Says Many Men Apply
For Reinstatement Union
Leaders Are Confident,


Puetao, Colo Sept. 27.-Claim that
a number of strikers are daily asking
to be reinstated was made here today
by Manager F. r.. Parks of the Colo
RADIO Fuel and Iron company. While
Mr.. Parks declined to give figures, he
stated that such requests were COM
ing in steadily"
on the other hand, w. A. Dayton,
member of the strikers press COM
mittee, discounted the significance of
this fact
1--WE expected a certain percentage
of the men to try to go back said
Mr.. Dayton Put we feel confident
that the majority of them will stand
by the cause
with the reiteration today by Mr..
Parks that his company was deter
mined to adhere to the Rockefeller in
dustrial plan and the "open shop and
the announcement by the Pueblo allied
steel council Of elaborate plans for the
relief of needy strikers asd their fam
lilies neither side showed any dispo-
sition to recede from its original po-
sition at the end of the first working
week Of the walkout.
In the meanwhile, leaders of the
$500 strikers have called mass
meeting at a local park tomorrow.
Several Colorado labor chiefs will ad-
dress the gathering, which, it was ex-
plained, will have for its purpose that
of Constructing" the strikers regard
ing the management of their side OF
the controversy,
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-09-28

London, Sept. 27.-(By the Associ-
ated Press 1.-The most far-reaching
strike Great Britain has ever expert
enced is in fulF operation today, Vir-
tually al railway traffic in the king
dom has stopped Local transporta-
tion in London and other cities has
been partially interrupted and COM
plete suspension is threatened.
Two great railway Organizations,
the National Union of Railwaymen
and the Society of Engineers and
Firemen, have stopped work. The
miners and transport workers unions
the latter of which includes the DOCK
workers, are expected to join them.
The English channel steamers and
railway boats plying the Irish sea.
probably will be tied up, cutting of
Englands communication with th2
outer world to a large degree.
The effect on business already Is
disastrous. Shops and offices every
where are being operated with partial
forces Many miners had been unable
TO get to their work, while the short
age of coal and of supplies promises
TO cause the wholesale shutting down
of factories.
The system of food distribution and
the mail service are disorganized but
the government expected to nave
them in operation again without much
delay.
In view Of the widespread effect oi
the movement. leading new 5paper'
IKE the Times, declared that it is
more than a strike--it is class war.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-09-28
JOHNSON IS URGED
To KEEP UP FIGHT
ON PEACE TREATY
CaIifornian's Stand Is Com
mended By Leading Bank
ing, Labor and Commercial
Interests at San Francisco,

San Francisco, Calf. Sept. 21.-
Tcicgrams commencing his stand on
the peace treaty, and the league of
nations covenant and urging him to
keep up vigorous campaign for his
demands concerning reservations,
were sent to United States Senator
Hiram W. johnson here today by
representatives of banking, labor and
mecantile interests and the judiciary
here today. Considerably "a proclaim
alton was isued by Mayor James
Rolph asking the citizens of San Fran
cisco to welcome senator johnson
and to accord him the same atten-
tive hearing that you gave TO thc
president"
The kilograms were signed BY
Frank Il. Anderson. unG +. w. He'll
man, and w. III. Croker, bankers; l..
III. Mccarthy. president of the state
Building Trades council; Frank Dew
lin, railroad commissioner: Meyer
Lissncr of Los angeles, prominent
progressive republican: United States
Circuit Judge w. w. Morrow and a
number of others. Judge MorroV-
Anderson and Crocker sent separate
telegrams, but the remainder sent a
joint message.
The kilograms followed a telegram
of protest sent to Senator johnson by
thirty-eight prominent residents OF
the bay region Inst Wednesday.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-09-28
GOVERNMENT AND STRIKE
LEADERS MARSHAL FORCES

London. sept. q (hy the Associated
Press. 1.-The government and strike
leaders were busily engaged all day
smalshalline their forces for a fight TO
the finish. Robert Williams. general
secretary of the Transport Workers
union. expressed the opinion that the
"triple alliance" would be automati-
cally involved and the transport serv-
ice Of the whole country would then
be para yzed.
The government has already mus
tered | 900 motor lorries for the trans
port of food, and is by no means at
he-end of it's resources in that direc-
ton Offers of voluntary aid, it is OF
ficially stated are coming from all
over the country, amounting 10 q
quarter of million
The first day of the strike resulted
in the practical suspension of the rail-
way service everyw here. excepting IN
Ire and and as consequence, ills es-
timated, fully 100000 persons are
idle. including clerks and attendants
as well as those actually engaged IN
operating trains.
The National Union of Railway Men
and the Amalgamated Society of Loco
motive Engineers and Firemen nave
n combined strength of half million
and claim, with their reserve ol
/ 100000 pounds sterling to be able to
paw each striking member one pouno
a week for three weeks, before which
time they are confident they will win
The maildeiveries in London today
were virtually restricted to letters
posted in London. but the postmaster
general is organizing road transport
for the mails and expects to have
fairly efficient service in the next day
or two, which it is hoped to supple
ment with an air service. Arrange
ments have already been made tt
transport the mails to Belgium ane
Holland by airpianes
The better to cope with transpor'
difficulties, the Sunday papers will b'
reduced in size and distributed by mo
tor cars
The closing of Hyde Park Will b'
q special hardship for Londoners' a.
it has a larger place in London llf'
than any similar park in American cit
les.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-09-28
HOOVER HAS RETIRED
FROM PUBLIC OFFICE


San Francisco. Calf, Sept 27.-
Herbert c. Hoover has retired from
public office" and IS to devote his flu
ture time toward making the SO and
Sc day salaries of Stanford univer-
sity professors more commensurate
with the SO and 80 wages of home
building artisans, and to various relief
measures in Europe according to a
letter received from Hoover by San
Francisco newspaper today
He also is to return between $780,
100000 and SOC, 100000 in foreign OBJ
legations to the United States treasury
in partial liquidation of the $l00,OO0,-
O00 voted by congress for relief pur-
poses. he wrote
After a month in California Hoover
plans to return to New York to pass
upon the financial settlement of ST.
900 900, 900 in expenses arising from
the operations of the supreme eco
nomic council and of the Belgian re-
lief commission.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-09-28
WERNER HORN ADMITS
He BLEW UP BRIDGE
ON CANADIAN PACIFIC

Jersey CITY, N. j., Sept. 27-Werner
Horn admitted before James G. Car
penter, Jr., United States commission
er, here today that he blew UP the
Canadian Pacific railroad bridge over
the st. Croix river in McAdam parish,
n. B., February 2, 1915. but insisted
that it was a military act committed
in a hostile country during the war.
"Yes, ] did it." said Horn to the
commissioner IL did 1t in behalf of
my country, my fatherland. as an OFF,
Ger of the German army in war time.
! caused the explosion that blew up
the bridge"
The admission was made at hear
ing on a petition of the British gov
ernment for Horns eXtradition to
Canada.
After series of affidavits impli-
eating Horn in the crime had been
read, the prisoner was taken to the
Hudson county Jail, where he will be
held pending a decision on the ques-
ton of his eXtradition.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-09-28
62O PERSONS MAY HAVE
LOST LIVES IN STORM
ALONG COAST OF TEXAS

Corpus Christi. Texas, Sept. 81
A revised summary of the causalties
made public tonight by the bureau OF
information places the known dead n
the vicinity of Corpus Christi as the
result of the hurricane and tidal wave
which swept over the south Texas gulf
coast Sunday, September IA, at 800.
OF this number 157 were identified.
The known dead in the vicinity of
Rockport, Arkansas Pass, and Port
Aransas, is officially given as thirty
five, bringing the total death roll to
345. In Corpus Christi alone the list
of persons still unaccounted for con-
tains 275 names. making grand total
or $50 for the affected districts, in
cluding known dead and missing.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-09-28
Air Race starts October 0.

New York, Sept. 27.-The trans
continental air race between New
York and San Francisco will start on
the morning of October 9, instead of
october s, it was announced by the
American Flying club today. Fifty
seven machines have been entered by
the war department to start from New
York and twenty-three from Califor-
MIA. Other entries are expected later.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-09-28
BELGIAN ROYAL PARTY
ARE ON THEIR WAY TO
AMERICA FOR A VISIT
tsy MORNING ,ousa.L SPECIAL l..ss, w,-s,

on BOARD the Z. s. s. George Wash-
ington, Sept 27 (by Wireless to the
Associated Press. - King Albert,
Queen Elizabeth and the Crown
Prince Leopold of Belgium today in
spected the ship on which they are
making voyage to the United States
During the ceremony the sailors, to-
gether with the contingent of marines
and soldiers bound for home, lined up
on the decks.