davidaulloa/AmericanStories huggingface dataset:
Every evening, Wilmington daily commercial., 1920-12-09
ANNOUNCEMENTS
Personals

NOTICE. hereby give notice ns,cati TO a.. psa tion
sons tnat from and after this puohSahhaoil,
~ tbi. ut N day of December, iSZu, sliai, ii
not be responsible for any bulls contra"dS'qi and
i'm my name by any other porA"oInu an ran
snail only be responsible Tor pllis III -
tracted by myself. signed. theouofe -
Rogers. -,
RFNOyAI-H. s. Mitchell. Jeweler. ,or-
merly of Ford Building, Ien,a anu A
Every evening, Wilmington daily commercial., 1920-12-09

AUToM OBILEs-
1915 BUICK. ROADSTER. $500.
1915 BUICK, ROADSTER. $500.
lois MAXWELL, TOURING. s1ss,
1917 wILLYs-KNIGHT. TOURING,
$500.
WILL TRADE ON ANY CAR.
GEO. d. WRIGHT SON.
Every evening, Wilmington daily commercial., 1920-12-09
ROOMS AND BOARD
Rooms Without Board

wLsT ST. 5I7-H0 ON Tor rent with board
All conyeniences.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
FOREIGN BONDS.
Quotations furnished BY W. B. Hibbs & O..

II pays to rad the want columns of
The star Hundreds Of situations are
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
BEARS HAVE BEST
Of DAY IN STOCKS
ny STUART. r. WEST.

NEW YORK. September II (Spe-
ciaD.-very little was expected of the
stock market in today's short session
and very little happened. The mar
ket as a whole was irregular with
strength in some sections and weak
ness in others.
The steel stocks as a rule were re-
dictionary due to the morning news
paper stores that Germany was again
Ia competitor of this country. How
ever. the story was to the erect that
Germany was undertaking our loco
motive manufacturers and had shared
a. good sized order from the East
Indies.
1t can be said. however. that it is
all very well for Germany to underbid
American makers, but the fact is that
this cannot keep up because Germany
cannot get the raw materials.
Pressure continued on the stocks,
which have had the greatest rise. the
bear party attacking the Doheny
stocks with vigor. American Inter
national and steel common were also
under pressure. Some of the rails
also ceased off. but this group as a
whole moved within a very narrow
range The coppers as a rule failed
to hold their advantage gained on
previous days.
Demand sterling was again weak
getting down below $3.50 for the first
time since March 4.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
STANDARD OIL COMPANY
PAYS BIG DIVIDENDS
Largest Disbursement Made in
Third Quarter of
1920.

Standard OIL companies paid $685.
S0l.S75 In cash dividends in the third
quarter of 1890. compared with $27,-
273.ooo in the second quarter. and
S23,354.0O0 in the corresponding quar-
ter of 1919. This disbursement is the
largest ever made by Standard Oil
concerns in the third quarter. and,
with the exception of the $50, 100000
paid out in the second quarter of 1916,
Is the largest made at any time since
the dissolution of the parent company.
Payments were increased by Cont
mental Oil Through increase in the
outstanding capital stock to 100000
00o): Ohio Oil, Standard Oil of In
diana and Standard Oil of New Jersey
dividends being paid on the second
issue of the latter's preferred stock,
for the first time in this quarter.
Extra cash dividend payments were
made BY National Transit 81, Ohio Oil
$4.75. Prairie Oil and Gas IS, STANDARD
FOil of California 81. Standard Oil of
Indiana IS. Standard Oil of Kansas So
and Standard Oil of Ohio 81.
Because of the reduction in the rate
Of exchange. the Anglo-American
cash payment amounted to only ST.
5000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
Money to Loan

Secured b. First Deed OF Trust on Real Estate.
Prevailing interest and commission.
Joseph l. Weller 70 Hsv wa oh L "a Trust
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
COMMODITY PRICES
WORKING LOWER
49, ~ ~ - Oub ~
r. G. DUN 4 co.

Tne improved sentiment noted In
some quarters hast week has contin-
ued in evidences, but it L. based more
on expectations Of revdving activity
than on any actual increase in bust
ness
some seasonal broadening of de-
mands. however. would not be sur
prising, especially after . period Of
and the ofiicial September forecast OF
abundant grain harvests is obviously
a constructive development. With
the virtual assurance of large crops
this year, reason for confidence is not
lacking. and trade advices from the
agricultural regions are OF q moro
cheerful tenor than those from strict
ARal farming results alone were to
govesn the course of business, the out
look would leave little to be desired, bot
the price question clearly remains the
controlling element in the situation,
and further downward rovtsfon of
some markets is essential to future
progress.
Sellers Recognizing FAet.
Recognition OF this fact II being
foreed upon some sellers who have
been slow to appreciate the impor-
policy, and there is now less dispo-
sitfon. following many consecutive
weeks of yielding of wholesale quo
tations. 10 doubt the genuineness Of
the price deflation. Where the reduc-
tions have gone far enough to lower
provement in business Is looked for;
but the attitude Of most buyers in
primary channels is still one OF wait
ing and Of limiting commitments to
in forward contracting. however
much it may be attributed to none
tary transportation drawbacks. is
chiefly explained by the belief among
many interests that the process of
price readjustment has not yet been
important engagements will not work
to their disadvantage. That such a
phase has finally developed in the
iron and steel industry. where pres
sure for supplies had been particu-
larly urgent. is highly significant.
with declines exceeding advances
for seventeen consecutive weeks, q
representative list of wholesale COM
modify quotations has provided un-
mistakAbie evidence of the downward
readjustment of prices. If further
proof of deflation were needed. it is
to be found in Dun's Index Number
which is based on the estimated per
capita consumption of each of the
many articles included in the record
From the top level of $263,332 of May
1. last, the monthly compilation has
fallen, by successive stages. to $z48,-
257 on September 1. or about q per
cent recession. Considering the ra-
pidity and extent Of the previous up
turn. the recent yielding seems unim-
portant. and the present index number
figure is some II per cent above the
lowest point reached since the sign
60 nf no M0daY2fo
the reduction in the general price
basis has been. however. the move.
ment is significant. and the declines
I'll some Individual commodities. as In
hides have been larger than is com
monty imagined.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
MARKET REFLECTS CONDITIONS,
WITH IMPROVED SENTIMENT
Many Factors In Present Situation Con-
sidered ACKNOWLEDGMENT
on Labor Unrest

more of a factor in the market. The
results of next Tuesdays voting in
Maine are being awaited with special
interest. as the Maine election is the
| in November. There is an ancient maxim
| which says that 1t does not do to sell
stocks on strike news.
In view of what happened a year ago
we may well believe that this applies
quite as much to the modern day labor
, troubles as to those OF the long ago
The British coal strike. IL it devel-
ops. will be very serious test of the
power of organized labor in that coun-
try to upset the existing industrial
order. Yet it is no more Of crisis
| than the great British railway strike
Of 1919. and this strike virtually failed
because it antagonized the great mass
Of public sentiment.
J The English investment markets
have been astonishingly calm all this
safest guide to important opinion. The
Italian labor disorders are perhaps
more a matter of solicitude because
they are less understood. AS for the
labor situation here. it is following
precisely the same course as it did a
year ago.
The Brooklyn traction strike and
the walkout of the anthracite miners
seem likely to have the same outcome
as the steel strike and the coal strike
of last autumn and for the same rea-
son-namely, total lack of public
sympathy.
The reaction and readjustment in
industry generally has not yet run it's
course.
1t is simply a case of the security
market doing what it always does and
moving far ahead of outside changes,
for the better.
Just as prices on the stock exchange
began to fall last autumn six months
before the downward turn began to
show in general trade. SO now it has
begun to discount slowly and eau
tiously and perhaps like six months
ahead a period of business recovery.
In the meantime it is quite possible
that there will be more weak spots
in the commercial structure to be ex-
posed.
Always. moreover. a certain inter-
prices has it's intended effect in slim
ulating the demand for goods.
VIII BE Closely Watched.
Such experiments as the American
Wooden Company is now trying in the
way Of price cutting will be watched
eagerly. The usual rule is that Gus
toners are loath to buy on a falling
market. They are apt to hold of
whether the decline will not go
further. 1t IL when evidence has been
given that bottom has been reached
and prices have started on the up
grade that buying orders commence
to pour in. The severe fall in COM
modify prices from the high Of last
spring is the first phase of the read
justment incident to credit defation.
The next phase il an interval of un-
and dizziness during which
the new price levels are tried out
and tested and 1t is this second phase
that the industries Of the country are
now entering. 1t must be gone
before improvement. that. is !
to say. anything like fresh advance.
can be looked for.
Copyright. 1920, by 8. P. west.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
BAR SILVER QUOTATIONS.

LONDON, September 11-Bar silver,
SD per ounce. Money, 5H per cent.
Discount rates, short bills. 6A az 1916
per cent; three-month bills, 81 az 1916
ner cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
LOCAL WHOLESALE MARKET.


The wholesale market prices this
morning ranged about as follows:
Eggs Strictly fresh. 5sa60; average
receipts. SO: southern. So.
Live Poultry-Roosters. per h., %;
turkeys. per h., 3Sa43; chickens, spring,
per To-. 40a42; hens. per h.. 36a37; keats,
young, each. 50a60
Dressed Poultry-Ffesh killed spring
chickens, per h., 3Sa42: hens, per h..
50; ROSTERS, per h.. 36; turkeys, Per
Ib.. 46a5O.
1.-Two Stock-Calves. per h. 16a17;
ia1nos- lSa15: sheep. 5a6.
Green Fruits-Apples. per Dbl. 2.ooa
700, per basket, 75a2.50; California
o.ooaSO0; California oranges, S.o0a10.0o;
peaches, per crate, 1.50a3.50; grapes, per
crate, Niagara, 200a3. so; Delaware, 200
aS.50: black, 2.00a2-5O.
observation-disclosures. No. 1, per Dbl,
potatoes. per Dbl. 5ooa6.5o; string
beans. per basket, 1.5Oa2.5 so; per bbl,
4.eoaS.oo; eggplant. per crate, Local. so;
cabbage. per Dbl. 75a125 beets, nearby.
per 100, 2.0oa4.O0; lettuce. per crate,
200; lettuce. New York. per crate.
l.ooa3. 90; celery, per doz., 50a1.25;
romaine lettuce, 1.00al2s: squash.
per crate. 50a1.0o; spinach. crate, 1.00a
LIS; peppers. per basket. 50a75; toma-
toes, per box. 5oa1.00; onions, per crate,
LOCALS cucumbers. 2.tsa3.00 per has.
ket: cantaloupes, nearby. 1.00a2.50 per
crate: California, 3.oOa3.75 per crate
sugar corn. 1oa40 per doz; lima beans,
25as5 per ct.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11

Interest Payable Wednesday
Gold From Europe Aid
to Money Market.
BY I. A. FLEMING.

Officials of the Federal Reserve
Bank Of Richmond have again called
attention to the fact that many hold
ers Of liberty bonds of the third ~
per cent issue will not be able to
collect their interest for the half
year due next Wednesday unless they
imm ediately attend to the exchange
of these bonds from which all cou-
pons have been cut for the complete
bonds with coupons to maturity.
The exchange can be made At the
Treasury. or at many of the banks
without cost or other expense to the
owners of the bonds and should be
attended to at once.
Important Day in Finance.
Next Wednesday. the 18th instant.
will be an important day in the
financial world. The third Install
ment of income taxes is payable on
that date. large amounts Of Treasury
certificates mature and will unques-
tionably be used to large extent
in payment of income taxes.
Interest on the liberty bonds OF
the third AZ per cent issue will be
payable: it also will be government
pay day for thousands Of employees.
Much Gold Coming.
Announcement was made of the ar
rival from England yesterday of So
600. 900 gold; a steamer will land on
Tuesday with $6.00e.0 900 French gold.
and within the next fortnight. it is
authoritatively announced. $4,000. 900
additional gold will arrive from
France and England.
These heavy imports of gold are
coming in anticipation Of the pay
ment of the Anglo-French $500, 900, 900
loan due October Is.
These shipments are opportune as
they will in q measure mitigate the
heavy cash Withdrawals in settlement
of income taxes and the expected
loss in bank reserves through the
heavy drafts that the government is
making in keeping up it's own finan-
cial position.
The crop movement is now on, and
this calls for shipments Of currency
south and west
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
NEW YORK CURB MARKET.

NEW YORK. September 11.-Selling
pressure against all the recent active
issues was in evidence on the curb
market today. and declines ranging
from fractions to more than point
were recorded. 1t was stated that there
was substantial increase in outside
participation. selling orders being ex-
pected by many of the leading commits
sion houses.
Professional traders also helped the
downward tendency. Offering various
stocks where there were appearances
of resistance. and, as result, many
inside supporting orders were with
drawn. Moderate recoveries were made
at times, but the tone was heavy dur
ing the entire session.
General Asphalt was offered quite
freely. and broke more than a point.
but rallied later on short covering.
Indian Packing continued under pres
sure, and sold down to a new low rec
ord. Allied Chemical and Dye, the
new chemical merger. was offered free
ly following the publication Of the de-
tails Of the consolidation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
AWAIT ALLOTMENTS
| Of NEW French BONDS

NEW YORK. September 10-Up to
= late hour today subscribers to the
500. 100000 French loan had not been
notified as to how much of their sub
scription had been allotted to them.
Until this information is given the
exact results of the French govern
ment bond issue will not be known.
The sale has. of course, been an
unqualified success with a consider
able oversubscription. but the extent
Of this oversubscription is still in
doubt.
The French IS. as they are now
called, were very actively traded in on
the curb today and sold up to 101.
would draw still nearer to the Swiss
S. which are selling at 102 and did
sell Shove 103.
There has been considerable switch
ing on the part of the bond dealers
into the new French loan from both
These operations have naturally told
against the two latter bonds. The
Belgian TVS at 96N and 81 are the
lowest at which they have sold since
they were brought out.
Mexican Issues Wanted.
The demand for the Mexican issues
was still very keen. 1t was stimulated
by the statement of the PRESIDENT
elect of Mexico that the government
debts would be recognized and met.
Mexican government SIS gained an
other point to 43 and the Mexican Is
reached 32A. at which they were IN
over a half point from yesterdays
best.
Equipment issues were steady. tn.
Pennsylvania Is holding between
1927 and 1913, and the Delaware and
Hudson at 100A.
Railway bonds were variable, but
inclined to be stronger than yester-
day. Louisville and Nashville mi
Ned IS were exceptionally active and
gained a point to 7SZ.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
WHEAT PRICES SHOW
DOWNWARD TENDENCY

CHICAGO, September 10 (by the
Associated Press).-Wheat prices
turned downward today, Influenced
by a break in sterling exchange and
by reports of rain in Argentina. There
was a lack of eastern buying. which
recently has been a feature. Selling
however was not aggressive. Open
ing quotations, which varied from Il
to IN lower, with December 2.45
to 2.46, and March 2.42 to 2.43k, were
followed by a moderate further de-
cline and then something of a rally.
Prospects of warmer weather had a
bearish effect on corn. After open
ing y to y cent lower, with Deem
Der 1.1SX to l.20A, the market con-
tinued to descend.
Oats reflected the weakness of
other grain, starting V to Y down,
and undergoing a further sag.
Higher prices on hogs gave strength
to provisions
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
by STUART r. WEST.

NEW YORK. September 11.-very
little has happened In the abbreviated
business week to affect the Wall
street situation one way or the other
It has been a narrow trading mar
ket on the stock exchange. with very
irregular price changes, yet with OPP
erationS for the rise in individual
stocks turning out decidedly better
, than operations for the decline. From
a professional viewpoint 1T has been
significant that where there has been
any initiative at all it has been
easier to get prices up than TO get
dictate a change in the main tendency
of things from what 1t was up TO q
month ago. the result Of the prolong-
ed and drastic liquidation eliminating
the middle of August and OF the pass
ing Of stocks into stronger hands
Further proof has been afforded
during the week that the money mar
, ket is standing the strain of the CROP
moving very we'll The governme Mt
has been drawing down it's balances
as It always does on the approach OF
tax-paying date, yet this demand
! along with the Withdrawals by cor
respondents in the interior has been
met without any advance IN rates.
On the contrary. call money has re-
newed continuously at Z per cent. and
'there has been a sufficient surplus
from day to day to force the quotation
on new loans down to 6.
Time money is not coming out In
quantity. still small amounts are con-
stantly being placed at ~ ana ~
tinct improvement over the situation
as it stood up to a few weeks ago.
We are in the midst OF the cfop-mov-
ing season and yet money conditions
are more comfortable than they have
i'm
Improved Conditions.
This is indicative Of two things-frst.
that the restriction Of credits IN com
mercial lines has released enough slack
to provide for a good part of the harvest
requirements. and. second. that the re-
mainder OF these requirements IS ex.
pected to be pretty well taken e s OF
by the gold that has started nowing
across the water.
The eject Of these gold receipts in
connection mainly with the settlement
Of the AngD-French loan has not yet
had time to Be felt IN the weeky oAn nt
week some $4,000 900 more gold viii
have reached here from the other side,
and then we shall begin to see addoons
to the gold reserve of1settfn9 the 9x-
pansion in currency issues and in dis.
counts consequent upon the financing OF
the crop movement
In q word, credit curtailment plus gold
imports has averted the autumn money
crisis which so many were fearful OF
three months ago.
The credit strain has not passed. but
II is passing. There is no prospect IN
the immediate future Of such an aces.
sion of funds for the Wall street market
as to warrant much Of an expansion In
speculative enterprise. But the security
market can very we'll feel satisfied with
the assurance that it has gone through
tho worst OF the credit tension. and that
tight money and tight credit can no
longer be used as arguments for hqui-
datfon of stocks.
II PreSidential Election F1et0f.
From now on the presidential election
will command more attention and be
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
MONEY AND EXCHANGE.

NEW YORK, September 11-pr;r
mercantile paper s. Exchange weak
Sterling 60-day bills, 344h: CONNER.
cial 60-day bills on banks 344h: com
merciai 60-day bills, 3.44h; demand
3.49A: cables. 3.58. Francs. demand
664; cables, 6.66 Belgian francs. de-
mand. 31.25; cables 3137. Lire. do
mand, $50: cables. 4.32 Marks. de-
mand. Isl; cables, 1888. New York
exchange on Montylfl. . 1916 per cent
Government bonds irregular: rail-
road bonds irregular.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
DAIRY MARKETS.

NEW YORK. September 11.-Butter
Easy: receipts. 1913 packages;
creamery. higher than extras. SEA
5sk; creamery. extras coz score),
581z; creamery. firsts tsS to 81
scnre). 52a571s; packing stock. cur
rent make. No. I. 40ha41.
Eggs-Steady; receipts. 1884
cases; fresh gathered. extra ,hrsts.
59aeI: fresh gathered. firsts. 55a57;
state Pennsylvania and nearby west
ern hennery. whites. firsts to extras.
6SaS0; state Pennsylvania and nearby
western hennery, browns. extras. ga
20: state Pennsylvania and nearby
gathered. browns and mixed colors,
first to extras, 55aS4
Cheese-Firm; receipts. 1890 boxes;
state whole milk, fats. current make.
white and colored specials. 2sa29L
90. average run, 27A28; state whole
mix twins. current make. specials,
ssasSh; doy average run, 27a27h.
SsS4~t -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
NEW YORK STOCK EXCHANGE


HOURLY SALES OF STOCKS.
IL am. lib 600 IL m. 246 mo
Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-11
MANUFACTURERS SENSE
PUBL|C'S CONSERVATISM

In a review Of business conditions
IN the Armour Magazine. Armour &
Co. will say that extreme caution
characterised activities Of industries
about the possibilities Of moving
high-priced merchandise after it was
purchased.
Producers and manufacturers,' -
they say. sensing. too. this hesitancy
on the part Of the general public to
post war abandon, and keenly alive to
the increasing costs Of labor and
transportation. refused to produce in
quantities which had marked their ef-
forts of six months ago.
And back Of all that, and impell-
resources. was the credit situation.
Money remained high Members of
the federal reserve system have made
diligent effort to lessen the strain
caused by scarcity Of capital through
curtailment of loans to unessential
tain in the primary or wholesale bust
ness are, of necessity, being reelected
in the retail trade. More and more
1t seems evident that business has en-
tered period Of price readjustment.
Retail sales. while being attended
commodities seem to be moving free
ly. according to commercial reports.
But there Is an undoubted indication
that the purchasers are discriminate
ing more and more against abnormal
prices.
Immfxration IAereasanx.
Another factor which cannot be
overlooked in this process Of read.
justment is that the tide OF immi-
grafton has strengthened. The De-
partment Of Labor announces that
5000 immigrants are now coming in
daily. 1t is stated by the department
that 100000 immigrants arrived in the
United States the year ended June 80,
1920. For the corresponding period
of the previous year only 141.131 ar
rived. In the packing industry there
is no lack of efficient help. AS mat
ter Of fact the employment bureau
of Armour & Co is turning away men
who are applying for work day after
day, and for the first time since the
war lines of men can be seen at mid
day waiting to file their applications
for work."