davidaulloa/AmericanStories huggingface dataset:
The Evening Missourian. [volume] (Columbia, Mo.) 1917-1920, 1919-07-15
SOCIETY

Albert w. A. Hirsch, a student in
the University last year, was married
to Miss Carmen Oppenheimer of Tam
pa, Fla, June s. Mr.. Hirsch was a
member of the University Band and
the University Glee and Mandolin
Club. He is a member of the Kappa
Alpha fraternity.
Miss Annie Laura Glazier of Boon
vile returned home yesterday after
spending the week with Miss Mary
McAtee at the Phi Mu house.
Mrs. Louis Selbert has returned
from New York. Her mother, Mrs.
Caroline Sauer of Cincinnati, and her
three nephews, German, Marshall and
Everett Louis Selbert, are now her
guests
The Evening Missourian. [volume] (Columbia, Mo.) 1917-1920, 1919-07-15
j. Sidney Rollins Opens Law Office.
]. Sidney Rollins is opening a Law
office in suite of rooms in the Guitar
Building.

Grass shears at Newman's. (adv.)
The Evening Missourian. [volume] (Columbia, Mo.) 1917-1920, 1919-07-15

High grade fishing tackle at New
mans. (adv.)
The Evening Missourian. [volume] (Columbia, Mo.) 1917-1920, 1919-07-15

Grills for camp cooking at New
mans. (adv.)
The Evening Missourian. [volume] (Columbia, Mo.) 1917-1920, 1919-07-15

Special sale on high grade cooking
ranges at Newman Hardware Co.
(adv.)
The Washington herald., 1919-11-10
SIX BILLION DOLLARS
CAPITAL, ROADS NEED

Chicago Nov. Sat least SON ON
900 OF new capital must be invested
IN railroad facilities within the next
three years IL the roads are to be
come able satisfactorily to handle
the country's commerce. Samuel n
Dunn. editor of the Railway Age. es-
timated IN an address TODAY Any
legislation involving the railways
should be designed with that con-
sidered. he said
The increase in investment since
1915. Mr.. Dunn said. has been less
than f.sOo.o0o.noo. while IL the percent
age had been as large in proportion
to the growth of trafie as il was
during the preceding ten-year period
II should have been 5000. .Ooo0nO Since
1915 freight traffic increased 81 per
cent and passenger traffic per cen,
he said. adding that the PERCENTAGE
Increase in each variets of eouip-
ment during that time was per cent
and none
The railways during the next three
years should buy AT least SnO, ,Ona
freight cars. $4,000 locomotive and
lco1' passenger cars. he said. TO
make up the existing deficiency Of
equipment TO replace that which
should be retired and to provide for
handling additional business.
That number Of new locomotives
and cars at present prices would cost
s. .5nn COCOON. TO say nothing Of what
must be spent for new main tracks.
second and third tracks. yards. sid
inEs. shops and SO on" continued
Mr.. Dunn.
The Washington herald., 1919-11-10
PHILADELPHIA PRODUCE.

sATCRDAY-BCTTER - Quiet. orota,,ons.
Solid packed creamery. fancy hiyh scoring scod.
1ia1ac; the latter for jobbtng sales; extra. 7uc
extra firts s5a6sc: firsts 5l6,c seconds 5,as7c.;
tnirds. Ssasic: swert creamery. choice TO fancy.
t2a7tc; fair to god. eos6ec; mint. jobhinr AZ
7saisc; for fancy and sIa75c for fair 10 .rpd,
EGGS-Pim. Quotations: Free cases nrArby
hrsts D.lo nearby current receirss 49, 50: fair To
eood, is 5oalsS: Western extra hrsts - 70: frs's.
n9alsSo: nearby and Western seconds IS so.Is;
inferior lots lower; fancy selected eggs jubbing
at 7Ia7eo pr dozen.
. LIVE POtLTRY-Fnvls FIRE weighing Lbs
and ovcr apiece. 5as7c; medium size. god
quality. Sas3c; poor. 3a2sc Chickens hne
quality. 3zs2c; inferior. 2,acsc Old ROSTERS.
1a2ec. Ducks. White Pekin s2asIc Indian
Runner. sa3oc- Gecse, 8s3oc Turkeys, zaSc
Tfceons old. pair 2a;6c: young. pair. zs1Oc
Guineas. young. pair. lbs and over sriece. LIS
s.; lital% Ibs Apiece. / 5Osl IS; lax lbs
apiece. iioal.,o; old. rair. lIoaI u
DRESSED POULTRY - Turkeys. Western
wiring. <ssiec; fowls frcsh-kiled. drY-picked. in
boxes. weighing lbs and over apiece. &c; e1cep-
tional lots higher; 81 Ibs apiece. S2ao4c: smaller
+Sizes. la3lc; fresh-killed in bbls dry-picked.
weighing lbs and over apiece Sc: 81 lbs
Sla9e; smaller sizes. Zssoc; ROSTERS. dryTickcd.
nc: broilers. Jersey. ic~packed. to.isc; do.
other nearby. cEicc. ice-packed, 3eaSsc; ordi-
nsry to good. 5oa35c; broiiers, Western, icr-
PACKED. weighing Zits3 lbs apiece. 3aS6c; roast
ing chickens. Western, ice-packed. weighing
lbs and over apiece. 32sS3c; chickens. Western.
ioe-packed. ~ lbs apiece. SOC; do. 2sa3 lbs
spiece. 2sa2c; Western. milk-fed. Il to box
II lbs and under to dozen. 10. 4saisc; ls to .
lhs 10 ddzrr. n. t2afSc: e TO % lbs TO dozen.
ID. 3sa35c: 81 TO 3s lbs to dozen. Ii. sennc
q to q lbs Tn dozen, III. Sla.oc: Is TO q lbs
To dozen. 10. Sla1c: q Lbs and over To dozen.
ID. Ga36c: spring ducklingS nearby. as to Quail
iiy. Sasoe: squahs. dozen. white. weighing IL to
ic lbe dn,en. Il oosll. 20: do. To 10 lbs per
dozer. looc~io; lbs dozen. s.ooas 50: lbs
dozep. 6.oa7 %; es6is ms dozen. 4.ona5Oo; DARK.
zoca3oo; Nnali and No. 2 l.ooa2oo
The Washington herald., 1919-11-10
Navy Yard News

W. r, Walls, of the torpedo sbon
enjoyed the weekend in Baltimore
A. K Grey of the supply depart
ment, leaves today for a three .day
hunting trip in Charles County
Maryland.
M. c. Kelly, of the torpedo tube
shop. returns today from a two
weeks vacation in Philadelphia, Pa
,John Morrison. canvas worker OF
tne gunners' work shop. is taking a
1ew days leave to hunt in the hills
OF virginia around Fredericksburg
Henry Ball, of the broadside
mount shop. spent an enjoyable
weekend with party of friends
In Richmond. Va.
.. j. Sharp. of the east gun car
rage shop, is taking a few days OF
his annual leave. II.
A. I, Elliott. of. the miscella neous
shop. is spending his vacation IN
Nashville. Tenn. with relatives.
a. X. Williams of the torpedo
TUBE shop has returned to work
after few days iuness. E"
Z. e. Gates. of the sight shop. js
preparing for a hunting trip ia the
Blue Ridge Mountains this week.
mrs Helena Dalrymple. OF the Jig
ana gauge room. will resume her
duties today after an extended
honeymoon. : : :
Harvey Payne, of the pattern
shop. returns to work today after a
three weeks vacation at his grand
parents in Wat viro;nio' = -
b., E Ross. OF the coppersmith h
shop. Is leaving today for "a three
days trip. to. New York. -.
George Cromwell, salimaker of
the sunners' work shop. Is ending
a tey days on the bay in his motor
Harry De vaid. OF the gun shop,
while motoring on the Rockville
Pike was struck by car and lost
bis left front wheel
The Washington herald., 1919-11-10
BANK RESOURCES ARE
$700,O0O,O00 OVER THE RECORD

Inc resources Of our national banks
al the time OF the last call exceeded
by, SS.oOo.ooo the total resources OF
all the banks of the country ipclud.
ing national banks. State banks,
trust companies. savings banks and
reporting private banks. Az late as
April y, 1909.
The returns just compiled show that.
on september u. 1919, the resources
OF the national hanks amounted 70
sI.el5.oO,OCo. This is an increase of
*olo.oooOoo over the call of June 10
ISIS. and an increase of 3.51l. .ooo. 600
az compared with August n. 1878
lh's increase is the greatest ever
SHOWN In any one year since the in
auguration Of the national banking
system.
inc resources of the national banks
nave shown a greater growth In the
past six years since August. 1919:
than was shown in the entire % prs.
ce1Ing years since the Civil war.
Iotal deposits on September 4,
lsis. were sl6.ssl 900 900, an Increase
OF A5e.OooOoo over June 20. 1918 and
an increase of s2.7s5, 10000 over Au-
gust 81. 1915.
Loans and discounts exclusive Of
rediscountS on September ~ 1919
were reported at sII.OS5. .OoO. 900. an In.
crease over June 20. 1919, Of $50
The Washington herald., 1919-11-10
By FREDERICK NJ. KERBr.

New York. Nov. s.-The frantic ef-
fort to keep Uncle Sam from getting
his income taxes is responsible for
the tremendous boom in stock-the
greatest In the history of the world
-in Wall street
The present boom will go down
IN history as the most gigantic stock
speculation in history. And it's all
hecause the big, rich spectators
don't dare sell out. when they have
"bulled" the market up to hign
levelsi
For they have discovered that
every time they sell out and take
their profits" on stock transactions.
Uncle Sans gentlemanly tax collec-
tors make a little note in their little
notebooks and at the end OF the
year a big slice OF these profits must
60 into the treasury.
Further. as the income tax is
graduated 1.-THE more monty the spec
ulator pulls out of the market. the
more proportionately he must pay to
Uncle Sam.
Holding Stock 10 Avoid Paying Tax.
Wall Street doesn't like it, And IL
is trying to avoid paying by holding
onto its stock. putting its money into
non-dividend paying stock even. and
thus the market holds up and the
tremendous boom continues.
What will happen when the limit
is reached. nobody likes to say
The Washington herald., 1919-11-10
WASHINGTON PRODUCE.

IN. wholesale maTss. pio-s SATURDAY night
wsrp-
EGGS -strtc,ly fresh. %; sre-as, r,ccipt.. g:
Sca'heru. -
CHEESE-NcE York State factory. vbol.
milk as3j
H'TTER-StaDdATd o7eAmery. 81: urir- 6
LIVE POULTRY-Ro Rooster pr H. e0-: tur.
Keys. r~r III SsSnc: chickens per n Sssl-
hens. THr H. fs2sc: keats. young. each. 7sssn-
DRESSED PuJLTRY-Fresh- killed .p-irt
chickens. per N, Aass: hens. per n. y -opsr-
ss ~ N. &c; tnrkeys psr H. HssSc
PoRk-Smal ana neat -; medium. 81 =;
heavy S
LIVE STOCK-CsIvos. Isr; lambs. Isc. sheen.
.af- -
FRUITs-Apples per bbl.. new. oosa sn. ~.
, ket. lnzs8: California lemons rr huy 6rs
80; liuoaprles. per crate, 5ese 90 Calf1rnr.
oranges. S0s7-oo;. grapefruit. 4"siS. Ersp-s.
pr basket, 0ziS: do. Nisssrs gao: Delaware.
SsSC; hone deWs per CErr. 20Oa5 %, luaA
beans. 9z6nr Ter quart
NESETABLkS-Potatoes Tsr sacs ma =:
Do. No. . l-s0s2oo: string he.ns. l-- bH.
s 5oosT.oo: eggplant. iooa5 o. prr cr5rr rom.
nearby, per dorm. 3naSar; csshsgr "a n 30
bb: beets. 2a4c per burrh ls'-ar' - a. .
rrr basket; New YORK releT1. HFsn O. Tzr- crate;
celery. pr dozen. sNal N uauc lffrr-r O0a
q; squash. ! oosl % ls- rrs'r. sIr7ug unionN
5nz3.p per 100 hunrrs 0n'rus I-r 20 u
sack. Goat 50: tonlatr~s. rNar'a. sai % TCf
crate: sWcet I1fEtoc~ . 7Cal = T-'I blA. yAn.
TsT btI, 5~es4W
The Washington herald., 1919-11-10
THREE GREAT PROBLEMS MAY BE SETTLED
THIS WEEK TO THE RELIEF OF WALL STREET

tion and crafty the apparent
desire of the Federal Reserve
Board for a good old-fashioned
smash-up.
There has been heavy liqui-
dation of actual stock for the
account Of big people and pro-
fessional traders have put out
lines of short contracts. The
right people" in Wall Street
had advance information and
are set. for anything that
may happen. Only the plain
American citizens who believe
in their country and in the
stability of its industrial insti-
tutions are going to be in
jured. They are the same un-
fortunates who are. hit hard
est by the high cost of living.
1t was from their ranks that
most of the boys came who
, won the war in Europe. The
big people will not be hurt.
Wall Street is suffering a
gross injustice because most
OF the speculation of the coun-
try is outside OF the stock mar
ket whereas all of the restric-
tive measures adopted BY the
Federal Reserve Bank seem to
be aimed at the stock market
only. ~"
In the South there are mil
lions Of bales of cotton specu-
lstively held away from the
The Washington herald., 1919-11-10

%%S and an increase over August
81: 1918. OF H.5slooo.oos.
. Inc increase for the year in de-
posits exceeded by more than 81 .eei.-
coop the increase In loans. The pro
portion OF loans to deposits on Septem-
Der i. 1919 was sS.I5 per cent as
compared with Gs.s7 per ecu, ON
August 81. 1918.
Cash on hand and due from Federal
reserve banks dncludins lawful re-
serve and items In process of ro,in,,-
tionl on September II. 1913. amountoa
10 G.Uh,l3.o0o. the largest ever no
ported. exceeding by s12.5a.Oo0 the
fsures of June %. 1918. and by ssSa
$4,000 the amount Of cash on hand and
due from Federal reserve banks An
gust 81. 1918.
United States Government securi,,..
,neId amounted. September le 1919 10
$.2se'Uo.oO. an increase, of Sl4 ooo ooo
over June 30. 1913, and an inrreass
as a., COMPARED ooI with. August 81. 1918. Of
Other bonds. securities. etc b.,d
september u. 1919. amounted to 81
So.ooo,ooo. an increase over June IN
lss OF $as.0oOo00. and; an ircre,, !.
over August n. 1915, of 3ili. .ooo. .oOo
The circulation OF national ha,p,
outstanding September ~ 1919 was
sssi .OSs. 600, an increase over June 70
1913. OF s4.4S.0oo. and an increase ov,r
august II. 1918. Of 1855, ,O0o
The Washington herald., 1919-11-10
$4,000 IN BANK STOCK
NOW WORTH S3, ,l46,4 AIS

Chicago Now o-An investment of $4,000 shares
), Illinois Trust and Savings Bank forty years ago. when
John Mitchell became president held since 1880 and
advantage taken of all the stock issues would be
s346zs The capital stock in 1880 100000
expanded since soooooo the stock being issued holders
par.
stockhoder who held his bought at par in
1880 and took advantage of all September 3oI
would have 5000 shares The price Septem-
Der 80 $500 share equal to $ooooo leaving profit
of 81 100000. Dividends received amount o SIooo8oo
Total profit if sold at the presep market value
of $4,000 and above per
Savings Bank and the Merchants Trust COMPANY
consolidated and eventually will be the North
Trust Company. = ..r t~,.
The Washington herald., 1919-11-10
GOVERNMENT BONDS.

Government bonds continued ac-
tive last week with prices steadier.
Both bonds and stocks of the rail-
roads showed more strength on the
news from Washington that there
would be return to private owner
ship on January 1. with Congress
planning for a continuation Of the
government guarantee after that
date. No changes of any import
ance occurred in Industrial bonds. In
industrial stocks there was much
proft-taking on high money and the
calling of loans by banks.
The decline which occurred prior
to this week in government bonds
was followed by last weeks action
of the Federal Reserve Bank in rais-
ing its discount rates. according to
the Federal Reserve Board the banks
at the close of the half year held
$500, 100000 government bonds as
collateral against loans. MANY of
these loans were made by the bor-
rowers in connection with stock
market speculation.
An Offering was made last week
of s45.0o0.e00 15-year per cent
bonds OF the cities Of Lyons, Mar
settles and Bordeaux. The price was
s21s and accrued interest to yield
$50 per cent. Proceeds will be used
to pay of the s3e,000.0o bonds of
these cities which matured Noyem-
ber 1. and to establish fresh credits,
No provisions were made for conyer-
sion into new bonds.
Announcement was made early
last week that all Of the $3.50. .ooo, 900
81 per cent three and ten-year
bonds OF Great Britain. offered a
week ago last Friday. had been sold
and that the underwriting syndieate
had been CLOSED.
The Washington herald., 1919-11-10
FORD MOTOR STREET
CAR ENGINE IS LIGHT

Detroit. Nov. s.-The new gaso-
line engine developed by Henry
Ford and his experts for use in the
new Ford gasoline rsotor street car
weighs but half as much as the cleo
trio motor of equal power. The
motor combines engine. air COM
pressor. electric generator, and heat
ing and lighting equipment. The
engine generates electricity for
lighting; compressed air for brakes
is developed by the same power that
opesetes the car, and a fan draws
air through the housing of the en-
gine where 1t Is heated. and then
sent through exhaust pipes through
the car for heating.
This new tyne gasoline street car,
designed for use on standard. cleo
trio railway tracks and doing away
with overhead wires and central
power plant. was recently given q
test, which was terrnek
succesafnl by. Ford's snkjnseSa
The Washington herald., 1919-11-10
DEMOUNTABLE SHIPS
FOR BRITISH EMPIRE

Seattle, Nov. s.-Announcement was
made here today that the Furbear
Lumber Company. New York con-
cern controlled by British capital.
will this winter ship 5o.ooo.OoO feet of
Douglas fir from Seattle to ports in
the British Empire in the form of
demountable ships.
About 10000 feet OF timber will be
used in each hull. When the vessels
reach their destinations the hulls will
be dismantled and delivered as lum-
Der. The hulls and cargo of each
ship will represent about 5000, 900 feet,
1t was said.
Admiral Peary's famous old explor-
ing ship. the Roosevelt. now owned
here. will tow the first of the de-
mountable ships. to Australia.
The Washington herald., 1919-11-10
OF INCOME TAX
BOOSTS N. Y. STOCKS

Over half a billion shares of stock
have actually been sold In Wall street
this year 10 date.
The average dealings on the stock
exchange this year have been l,oss.e.o
shares daily.
This year to date private corpora-
ions have produced N.ls.sSi.io0 In
new securities. Somebody has got TO
pay dividends on them-but wall
street doesn't care.
Never before have the traders seen
such wild advances in stocks Many
a day leading shares have risen from
10 to 20 points from the closing quo
tauons Traders on the exchange
nave reaped great profits.
Unheard-ef Prices for Change seas.-
The fact that a seat on the New
York EXCHANGE which 4 wear aso
could not have brought S5o,e0J.
changed hands recently at slOoOoo.
the highest price on record, goes 70
show what traders believe the chances
OF making money in commissions on
the noor OF the exchange mean IN the
year to come.
II is believed that the membership
prtvilege will be worth in the neigh
borhood of $4,000 before the end OF
1890
The most sensational rise In the
street during the year is that Of Carib
Syndicate stock. which represents oil
and other concessions on Columbia
river in South AmeTica. These shares
were selling at 500 apiece early N
the year and the other day changed
hands at 5000 apiece and were hard
TO get at that price. One holder owns
. shares which he purchased some
years ago at IS each. representing
an investment Of s65 Today his hold
ings are worth sI2SO0o
Some light Is thrown on what the
American consumer may have to pay
for sugar when the Sugar Equaliza-
tion Board ceases to function at the
end Of this year. by the fact that there
has been rise OF go points IN Gu
ban-Americen sugar stock in the last
six weeks Cuban-American was sell
ing few months ago at $50 a share
and has risen to $40. The American
housewife is going to pay for IL.
The Washington herald., 1919-11-10
FINANCIAL ITEMS.

stockholders of the White Motor
Company will be called to a special
meeting on December u for the pur-
pose of acting upon an increase in
capitalization from Sa0.OGOOOO to s25,-
O0o.Oo. II the increased capitalization
plan is adopted. the 100000 new
stock will be offered to shareholders
for subscription at par. $50. on a basis
of ono share of new stock for four
shares of the old.
American Graphophone Company
has called all outstanding first per
cent bonds, due June /, 1880, payable
at the New York Trust Company,
Interest on same ceases December !,
1919.
Directors of the General Petroleum
Corporation have called a meeting of
stockholders on December 10 to con-
slider an increase in common stock
from $25.0OO. 900 to $4,000
Marcus Loew has purchased the
Ackerman & Harris circuit of the
aters In the West. including twenty
theaters, twelve of which are now
open and in operation, five in the
course Of construction and two others
on which he will exercise an option
on Monday.
1t is understood that the American
La France Fire Engine Company,
incorporated, manufacturers of motor
fighting fire apparatus. will shortly
consider a plan to divide its common
stock into smaller units by giving in
exchange to each holder of one share
OF a present par at 800 ten shares
Of a par at so
The Standard Bank of South Africa,
Ltd. announces that it now has over
$50 branches and agencies throughout
South and East Africa and that its
total resources now amount to
$S06. rs. as.
The Washington herald., 1919-11-10
BY BROADAN WALL

New York. Nov. o.-This
week promises to see final de-
cisions in three problems that
have been worrying the stock
market. The first is the peace
treaty; the second the labor
situation and the third the
money market. 1t is unfor-
tunate that the stock market
has been forced to discount
the unfavorablc factors in all
three OF these things at once.
Any ono Of them would have
been enough to test the back
bone Of the strongest bull on
the market that ever was de-
vcloped. 1t is no wonder that
the three combined have made
the bull campaigncrs bit
swaybacked.
The important thing is that
the market has not broken.
1t has yielded, but it has al
ways como back with a vigor
that meant an unimpaired con-
stitution. The last week ended
with the most severe blow of
all and owners of securities
look anxiously to the opening
OF the market Monday for evil
denee OF continued vitality.
ANY weakness exhibited Mon
day will invite heavy Iiquida-
The Washington herald., 1919-11-10
DR.. CARREL TO
STUDY AMERICA
World War Scientist to Ex-
pand Ideas Here,
Says Holland.

While John d. Rockefeller. jr.. con-
tinues to give his interest to the rela-
tion of those who work for wages 10
those who pay the wages. his father
gives even greater consideration to a
question whose satisfactory answer
will be of almost inconceivable benefit
to mankind.
He maintains that the so-called la
Dor question should be studied BY both
parties with the view of suppressing
the tendency toward radical sociaIis-
tic supremacy.
On the other hand. John d. Rookie
Teller. sr. while taking the interest OF
the good citizen in national and in
ternational affairs. nevertheless has
concentrated his attention upon not
only the preservation OF health, but
also the prevention of disease.
Return of DIR. CarreI.
ment was made that John D. Rookie
feller, sr.. had made an additional gift
of $4,000 600 to the Institute of Medical
Research. a cable dispatch from Paris
reported the speedy return of DIR.
Alexis CarreI to the United States.
DIR. Carrel asserts that France is
Sitting her great minds by the for
mulas of another age. In other words,
precedent Is emphasized and main
tained. DR.. Carrel believes It is Of
Importance to proceed along new lines.
Important Discoveries.
There are excellent reasons for sur
missing mat DIR. Carrel again will be
associated with the Rockefeller Insti-
tUte Of Medical Research. Some years
ago Mr.. Rockefeller confessed that it
was more difficult for him to learn
how 10 distribute his fortune than it
had been how, to amass it. He has
now discovered one way in which
worldwide and permanent benefit can
be obtained, and that is by making it
possible to continue research to the
uttermost point so that hereafter dis
ease may be prevented or overcome
HOLLAND.
The Washington herald., 1919-11-10

market in the hope of higher
prices. There arc millions of
pounds of copper so held
Cotton and wooden cloth have
been bought up by spectators
in carload lots. Shoes and
manufactured products of every
kind and even food has been
withheld from a free market
by Spectators.
A Wall Street banker the.
other day pointed to more
than 81 ,ooo. .ooo, 900 thus tied up
in speculation that had no re-
lation whatever to Wall Street.
All OF these commodity specu-
lators can get all the funds
they want and are treated as
favored customers of the
banks. But let some inno-
cent clerk or doctor hoard
hvc or ten shares OF stock
and he is Immediately de-
nounccd as a speculator and
is robbed with a 20 per cent
money club.
AS matter Of fact the stock
market is the most conserva-
tive business enterprise in
America today. Prices of
stocks have advanced less
than the prices OF anything
else in the country. If money
is to be let out to the public
in proportion to the conserva-
tlsn of its use the stock mar
ket should be the ono favored
customer Of the banks. There
have been some wild move
ments on the stock exchange
OF course, but the great BODY
OF securities have remained
quiet. The great activity of
so-called spccialties so much
talked about now would at
tract but little attention in a
real bull market. A Io-point
advance in United States Steel
would amount to more than
all that has been done in fifty
specialtieS in the last siN
months.