davidaulloa/AmericanStories huggingface dataset:
The Sun and the New York herald., 1920-07-30
GOSSIP OF WALL STREET.
stocks Rally sharply.

W. p. @. Harding. Governor of the
Federal Reserve Board, has q record IN
banking circles for conservatism. He
says very little for publication on any
subject. His statement In yesterday
mornings newspapers that the credit
situation 10 improving and that no Ii
optimistio on tho business situation was
the FIRST note OF hopefulness which has
come from tho Federal Reserve Board
In long time. On that statement
traders started rally In stocks at the
outset yesterday. It continued most OF
the day, and although demand was linn
lted almost entirely to stock which had
been sold short the inquiry was Of sum
oient volume to establish an upward
trend In most stocks, Gains averaged
around two points in the stocks which
have been most heavily slashed OF late.
Sentiment at the close OF the day yes
terday was much more hopeful than at
any other time this week. although the
belief was general that the upturn was
little moro than rally
The Sun and the New York herald., 1920-07-30
Other Market Factors.

There were other factors back OF tho
advance and they came In for some
consideration. One Of them was the de-
cline OF the call money rate from per
cent. TO 7 per cent. and the announce
ment from the floor Of the Exchange
that considerable money went unloaned
at the latter figure, Another was the
prospect OF an early ending OF the I'LL
nois and Indiana coal strikes, and still
another was the proximity Of the Inter
state Commerce Commission decision In
the rate case, IN addition to all Of them
II 10 probably fact that the short side
had become a trihe overcrowded and the
market oversold, as sentiment has been
uniformly bearish. The action OF the
rail stocks, led by Reading. Frisco and
Southern Railway, was considered OF
particular Significance. Those three
appeared TO be under the best sort OF
accumulation. and, IN fact, the entire
rail list was firm Many people In Wall
Street cling to the theory that an active
and constructive market In rail stocks is
not only possible but probable, irrespec-
tive Of the action OF the general indus
trial list.
The Sun and the New York herald., 1920-07-30
Japane.e LiuuldatinE Hero.

International bankers familiar with
the Japanese situation declare that pri-
vate interests in Japan, which under
normal circumstances have Investments
amounting to many hundreds of millions
In the New York market, have liaui-
dated to the point at which the aggre-
gate investment Is between $4,000 900
and $7O000, 900 Tho biggest selling re-
Gently for that account has been in
Anglo French bonds, but the liquidation
undoubtedly has spread to other high
grade securities. The question puzzling
the bankers at the moment Is how much
further that liquidation will go and
whether It will mean the shipment Of
gold to Japan, as representing the large
portion Of balances now held here.
Thus far approximately 81. .oOo, 900 in gold
has been shipped from San Francisco
to Japan. Those figures are separate
from the investments OF the japanese
Government the balances Of which are
10 be held here and reinvested from time
to time in United States Government
securities.
The Sun and the New York herald., 1920-07-30
Goodrich Under Attack.

Ever since the Cleveland Federal Re-
serve Bank In It's monthly bulletin de-
clared that "Ohio warehouses were filled
with unsold tires and tubes" Goodrich
has been under the pressure Of profess
sional attack. It was continued yester-
day In the face Of the company's state
ment Of its six months earnings, show
ing a net for the period, before taxes,
OF $7,600.000. against S7,7o0. 900 for the
corresponding period Of last year,
Traders hold the view that the report OF
the United States Rubber Company
showing a net for the first six months
OF this year of $t9.60O, 900. as contrastsd
with $10.800.000 for the corresponding
1919 time. is relatively q much better
financial document It Is pointed out
that the Akron company, located In the
interior. has had much more difficulty
with It's incoming and outgoing traffic
than has the United States company
most Of the factories Of which are on the
seaboard. Wall Street has had for sew
eral days a report that a cut in all tire
and tube prices would be announced
during August, but that rumor has not
been confirmed.
The Sun and the New York herald., 1920-07-30
HARVESTER'S FORCE
TO GET STOCK BONUS
Issues Of S6O,OOO,OOO viii Be
Used in Plan.

Stockholders OF the International Har-
vester Company in special meetings held
yesterday In Hoboken ratified tho pro-
posal to increase tho company's author
iSed preferred stock from $50. 100000 to
800. .000. 900 and its authorized common
from $50, 100000 to $4,000. 900. The
directors will meet to-day to vote the
use Of Sl0,0Oo,OO0 Of the new common
stock to pay a IAN per cent stock
dividend on the $4,000. 900 outstanding
common, to vote that 100000 OF the
newly authorized common be set aside
to pay per cent semi-annual stock
dividends on the common stock and TO
vote that the balance OF $40, 10000 OF
new common and 340,000.00o OF new
preferred be used in an extraordinary
employees stock ownership and COM
pensation plan.
The plan. said to bo ono OF the largest
schemes OF benefit to employees In the
history OF United States corporations
was described at the time that the d.
rectors announced the proposal TO In
crease tho amount OF authorized stock
Additional details show that the plan is
open to all employees in this country
and Canada, and that It. becomes
effective in January. 1891. The an
nuAl fund will be go per cent.
Of the oompany's not profltB in ex-
cess OF per cent on the capital In
vested. The group Of employees holding
executive positions will receive a third
OF tho fund, entirely In common stock.
Those employees who arc not In execu-
tive or managerial capacities will re-
ceivo two-thirds Of the fund, part in the
company's per cent. cumulative pre-
fsrred and part In cash. Tho fund will
be distributed In the proportion which
the actual earnings Of every employee
for the year bear to the aggregate earn
lngs OF other employees in the group,
The employees must have bean In tho
company'S service during the calendar
year in which the extra compensation
fund shall be earned and until It shall
be distributed, which will be about May
Of the following year; employees vol
UNFAIRLY quitting the service will forfeit
their right to participate
The Sun and the New York herald., 1920-07-30

transportation. Until there is better CO
operation, however. between labor and
capital manufacturing production VIII OF
necessity improve very slowly, which
may lead to another difficult winter.
"As the Dolshevik menace must be
conquered before Europe can again DO
made really livablo to any class OF citi-
gems whatsoevor. there would seem good
reason TO be hopeful that soon intelli-
gence will prevail and organised terror
will loso It's 6orcO.
''Tho International Chamber Of Com
merce, which was Just founded In Paris,
will, II Il Is developed as intended. be
extremely helpful In reoStablishing and
developing the currents Of trade, which
Is necessary before the foreign exc
changes can begin to work toward nor
nal. II the attitude OF the International
Chamber OF Commerce, as shown
through the resolutions passed by II, 10
carried out constructive and valuable
work may be expected from II soon."
The Sun and the New York herald., 1920-07-30
Tho Rate Decision

Wall Street is looking to the Inter
state Commerce Commission for a cue
as to the next move In stocks, and It is
freely stated about the Street that the
current upturn is attributed to covering
induced by the belief that the decision
will be announced very soon, and that
It win be very favorable to the rails.
Guesses in Wall Street In regard to the
freight rate advance range from % to 81
per cent, and the increase In passenger
rates is figured as 10 to 6 per cent. On
what day the decision will be announced
Is, Of course, problematical, but the ex-
pectations in the Street are that 1t will
be published some time between Friday
night and Monday afternoon.
The Sun and the New York herald., 1920-07-30
FOUND CONDITIONS mi
EUROPE IMPROVING
Banker Returns From Trip on
the Continent.

Fred I. Kent. Vice-president OF the
Bankers Trust Company, who has spent
several months OF the last year In Eu-
rope studying financial problems, de-
clAred on his return yesterday that real
improvement 10 to bo poted In condi-
tions outside OF Central Europe and that
he does not anticipate much improve
ment In the situation In Central Europe
until the German Indemnity has been
fixed.
Tho European situation as a whole is
gradually working itself out. and many
hopeful signs exist to-day that were not
In evidence last fall" said Mr.. Kent.
This does not mean that there are not
still serious difficulties which must DO
overcome before peaceful conditions can
exist ana tho orderly upouilding OF TRADE
and commerce can Do reestapiiShed, out
only that many Important steps toward
peaceful conditions nave actually peen
taken There m no question put that
Great britain' france, betsiun ana
ITALY, tne countries win wnich l nave
happened 10 DO tnrowh m CLOSEST touch'
tuiiy recognize thc,r nhahciAl IeSpoh-
slollltles, ana are iIIahly ueteTInlheu 10
The Sun and the New York herald., 1920-07-30
Tho Crop Reports.

Two statements to be issued early in
August by the Agricultural Department
are being anticipated with considerable
interest In the financial district because
OF their Importance to the country's bus
mess. They are the official Government
reports on wheat and cotton. oats and
hay, which will show conditions on July
25. The report on cotton will be issued
on August and that on grains on Au-
gust 8. Private reports Issued In the
last day or two exhibit a considerable
Improvement In all farm products COM
pared with those Of last month and indl-
cations OF higher yields than had been
anticipated
The Sun and the New York herald., 1920-07-30
SPECIAL TAX TIME
LIMIT UP TOMORROW
Collector Issues Reminder
$175, 900, 900 Expected.

Tomorrow marks the last day for the
payment OF special taxes to the Gov
ernment, according TO a reminder issued
by William II. Edwards. Collector Of In
ternal Revenue for Manhattan.
Taxes listed az special include the
capital stock tax. tax on narcotics.
brokers' and pawnbrokers' taxes. ship
brokers' tax, theatre, concert hail and
museum tar, pool table tax, taxes on
shooting galleries and riding academies,
Wholesale and retail liquor dealers,
pleasure craft, manufacturers OF to-
bacco, cheese manufacturers and manu.
fActurers and dealers In oleomargerine.
Absence from the city OF sickness are
the only legal excuses II has been estl-
mated that Sl75.000.0 900 will be derived
from this source OF revenue in Man
haitian.
The Sun and the New York herald., 1920-07-30
canada's Exports S1,a7e,s11.c4a.

OTTAWA, July "a report issued by
the Department OF Trade and Commerce
to-day shows that during tho year ended
on June 80. Canada's total exports were
S1.216.al1.6A2 and her imports. 11.21o,-
2oA,a23. Imports from the United States
amounted to 1851. .ooo,o 900. against $780,
100000 for the last previous twelve
months and exports to tho United States
we're atSs,0oo.ooo, against 34Ao. .o0o, 900
lp the last previous twelve months.
The Sun and the New York herald., 1920-07-30
Sir Thomas Upton I'm Wall Street.

Sir Thomas Upton took drive down.
town to the financial district yesterday
afternoon. and when his car had reached
Wall Street, In which It was obliged to
travel slowly because Of oongested traf-
nc, his progress became a triumphal
procession. Thousands OF people crowded
about his car to shake his hand. Sir
Thomas visited the National City Bank
and was taken for a trip OF inspection
through that institutions building by
its officers.
The Sun and the New York herald., 1920-07-30
RECEIVER FOR SILK MILLS.
of Century File Proceed
inEs In Bankruptcy.

Three creditors filed yesterday bank
ruptcy proceedings IN the United States
District Court against the Century SILK
Mills. manufacturers Of raw and finished
silks, AL Fourth avenue. Liabilities OF
100000 and assets Of $500, 900 were set
forth In the case.
Judge John c. Knox appointed George
II. Williams receiver In bond OF 80, 900.
The three petitloning creditors were
Remy Schmidt & Pleissner. c. A. Auff-
mordt & Co.. and Frederick Victor q
Achelis. Assets OF the Century Silk
Mills consist chiefly Of merchandise and
stock In other companies, the petition
said.
The Sun and the New York herald., 1920-07-30
File Central Vermont MOrtwnxe.

SPRINoFIEl.D, Mass, July "a mort
gage for SI5, 900, 900 given by the Central
Vermont Railway Company to the New
York Trust Company. was fled here to-
day The mortgage covers a bond issue.
which will be used to refund indebted
ness of S12.0oo.000 Of the Central Yer
mont road. which Is controlled by the
Grand Trunk Railway.
The Sun and the New York herald., 1920-07-30
MONEY AND EXCHANGE.
CALL MONEY,

CALL MONEh.
HlRn .........sssss 0lLh1t ss.s.s....s..
Years high ....... 25lYear's low .......
CLEARING HOUSE STATEMENT.
Clearing House exchanges. 9f20. .898, ,202
balances. see, ,e0i. .o42; sub-Treasury debit
balances, &704ll; Federal reserve credit
balance. S6s. .281 .2s2.
CANADIAN EXCHANGE.
New York funds IN Montreal 9i29.7o pre-
MUM per $1,000; Montreal funds In New
York, S1lA.06 per II 900.
SILVER MARKETS.
official bar silver In New York. domestic,
e0hc. per ounce, unchanged: foreign, 93Ac.,
off To-, In London. 68xd.. unchanged: Mar
lean dollars. TO-, off 10.
FOREIGN EXCHANGE.
NM TN A -
The Sun and the New York herald., 1920-07-30

ToRoNTo. July 2s.--ThO transportation
department OF the Canadian Manufac-
turerS Association, In conjunction with
the boards OF trade in various parts Of
tho country, Ia gathering data to oppose
application Of the Canadian railways for
increases In freight rates, amounting
approximately TO 80 per cent, or a total
Of $50, ,0o0, 900 per year.
The Sun and the New York herald., 1920-07-30
WANT FREIGHT RATES RAISED.

Canadian Railway Association 20
Ask Increase.
NOMINAL, July aS.--An additional In
crease In freight rates will be sought BY
the Canadian Railway Association on
behalf OF all tho roads In the Dominion
TO meet the cost Of raising wages to the
same level as those OF railwaymen In
the United States.
Application for tho freight rate in
crease will be filed with tho Dominion
Railway Commission. which has n re-
quest from the association for permis-
sion TO Increase rates by 80 per cent.
Evening journal., 1920-06-07
MILLIONS INVOLVED IN
COCA COLA FIGHT

Injunction proceedings in United
States District Court, scheduled for
Wednesday morning, between the
Coca Cola Bottling Company, Of
Chattanooga, Tenn, against the Coca
Cola Company, Of this city promises
TO be a rather lengthy affair OF all
of the documentary evidence so far
submitted Is read in court, but the
large amount OF money involved
running well up into the millions
and the large array Of legal talent
both for the plaintiff and defendant
make the case of more than usual in
terest in legal circles.
So far over one thousand typewrit-
ten sheets OF testimony have been
filed with the clerk OF the court in
This case and the defense is yet to be
hoard
The plaintiff is represented by Her
bert II. Ward and the defendant by
Robert II Richards and William S
Hilles, all of this city. Each side also
has large array OF other prominent
attoTteys in addition TO the local
men
The action is brought by the Chat
tanooga concern to restrain the par
ent company, formerly Georgia cor
poraton but now a Delaware cor
poration from shutting Off its sup
ply Of syrup or selling any rights in
the plaintiffs territory for the bot
Ting of Coca Cola.
Evening journal., 1920-06-07
NEW BUILDING
FOR MARKET ST.
Savings Fund Society to
Erect Structure on Vic
toria Theatre Site
WILL COST $l5o,o00;
RUN BACK TO KING ST.

Permit for construction OF a store
and office building, at 1874 Market
street was today granted the Whining
ton Saving Fund Society by City
Building Inspector Preston.
The building will be separate from
the new bank OF the Savings Society,
at the corner OF Ninth and Market
streets, and will Immediately adioin
IL on the south. When the society
bought the Victoria Theatre property,
Il untilized only six feet OF the - feet
frontage for its new bank, leaving
26 feet frotnage on Market, running
through to King street in the rear. To-
days permit provides for a building
TO nh this space.
other permits granted today by In
/ spector Preston were as follows.
Reba Levin, 1901 Health street. gar
age, SIS.
Matteo Corrozzo, 1901 West Eight
street, alteration. 500.
D. Vicocco, 2i5 West Eighth street
garage. 1925
b. FloreoIle, 1857 West Sixth
street. repairs 5000.
A. r.. Saylor and John H. Hickey
220 West street. retaining wall, Sii07.
Charles r. Jefferis 1904 Jefferson
street, alterations $500
Evening journal., 1920-06-07
SKULL FRACTURED,
HE'S HAZY YET

At the request OF the defendants
counsel, w. w. Knowles. who stated
that he desires to obtain additional
witnesses, the case Of Ethmos J..
Frank, charged with assault and bat
terry on Thomas Leonard on May s.,
was continued for further hearing to-
morrow by Deputy Judge Finger in
Municipal Court this morning.
The arrest Of Frank was delayed
because Leonard. who suffered a
fractured skull, was unable to recall
the circumstances until a few days
ago because OF his injuries.
Leonard testified that when he re-
fused to take a cut OF pie at 10 cents
at the defendants restaurant, Second
and Union streets, Frank punched him
in the eye. AS he arose to leave the
place, Leonard stated, he was struck
heavy blow over the head that
stunned him so that he could not re-
member how he left the eating
place.
Leonard, il was shown, was found
a few minutes later lying on the
pavement outside the restaurant
blood pouring from his head.
Frank denied striking Leonard. He
said that on the night Leonard was
found injured. he closed his restau-
rant at midnight, although it was
shown that Leonard was in the res
taurant at 1890 O'Clock. Leonard
stated that il was after i2 O'Clock
that he went into the restaurant.
Evening journal., 1920-06-07
GARBAGE QUESTION
TO BE UP TOMORROW

A meeting Of the city Board OF
Health win be held tomorrow after
noon, at which the question OF gar
bage disposal and the complaints con-
cerning the odors from the crema-
tory near the Harlan shipyard, Will
he discussed
Or. G. NJ. Handy, president OF the
board. was optimistic this afternoon
over the situation 81 feel confident
we shall find way out OF the DIM
guilty. ne said. although ! am free
To admit It is a difficult one.
wilmington, he continued, rs
not alone in It's garbage problem. Take
New York, for instance The city
huflt a splendid crematory at a great
cost. on Long Island The residents
on the island obtained an injunction.
Tlmn the city built another crema-
tory on staten Island. Again the
residents objected. Now New YORK
Is hauling lis garbage out 10 sea ana
dumping IL. at a cost OF something
like $3.50 a ton.
IN comparison with this ngre,
Wilmington today is disposing OF It's
garbage at cost 10 the. city OF only
about q cents ton. The great saw
ing Is apparent
Evening journal., 1920-06-07
HUGHES LOOMS
FOR PRESIDENCY
continued from Flrst Page

Continued from First Page
tion professed confidence, in spite OF
Borah's words, that he and Johnson
would not prove troublesome.
johnson will stand for any plank
we want to give him." said one Of the
party leaders. "Iie isn't going to get
the kind OF plank he wants, that is
certain. There will have to be a com
promise, of course. but prospects are
good that it will be worked out"
The peacemakers said the Hale
Kellogg-Lenroot group threatened to
De more troublesome than the Borah-
johnson faction. The Hale group has
put its foot down hard on acceptance
OF pne treaty plank adopted by the
Republicans OF Indiana as a model on
the ground that 1t goes too far in
Reputation OF the league OF nations
IDEA A modification of the Indiana
plank has been favored by party lead
promise.
The Hale group has demanded thal
the plank first declare opposition IL
the league covenant as submitted n,
President Wilson. second, that 4
charge the President with RESPONSE
bilitY for failure OF the senate L
ratify and third that 1t approve rati
fcation with "Americanizing reserva
tions."
| One suggested means of compro
missing the differences is the inclu
sion i'm the plank of a declaration O
adherence by the party to the doc
trines and policies of Washington
Madison and Monroe. The compro
misers argued that such declara
tion could be construed by every
faction to suit itself Borah ant
johnson, for instance, would constru
adherence to these policies To meal
that the United States must stay ou
OF the league entirely; Hale. Kellog,
and other reservationists would con
strue il as meaning American par
ticipation in the league with Lodg
reservations.
Evening journal., 1920-06-07
EXHIBIT WORKS OF
CITY SCHOOL PUPILS

patrons Week" is being observed
in the public schools OF the city this
week. There is on display in each
school an exhibit OF the art work, sew
ing and manual training accomplished
by the pupils this year. Parents and
friends or the students have been cor
daily invited TO view this interesting
exhibit as well as TO see how the reg
ular lessons are taught in the school
rooms.
Many OF the schools hove arranged
special programs for this exhibit.
School No. IA beyond Third street
bridge will have an evening entertain
ment on Wednesday, An interesting
program has been arranged, all Lhe
pupils OF the school taking part
An attractive program has also Deen
arranged by School No. II for Thurs.
day evening. This school, located at
Ninth and Scott streets, has Just pass
ed one Of the most successful years
in its history. The pupils vail pres
ent an interesting program on Thurs
day afternoon.
The S-B and A classes. OF School
! No. 4, which are located In the VIII
mington High school, will present Q
musical and literary program an lhe
community building OF the High
School on Thursday evening.
An attractive exhibit will be seen
by friends and reatives of the pupils
Of No. 3 school who visit there on
Thursday afternoon.
Evening journal., 1920-06-07
.SLASHED AFTER HIS
VISIT TO GIRL

For assault and battery on Fred
shields, Weston Bryant was nnea
siO0 and costs, with the alternative
of ~ serving ak months imprisonment,
bv Deputy Judge Finger, in Municipal
Court This morning Both are Negroes.
Each OF the men accused tle i. otlca
~ hcinr fhe argressor in fracas
Vesierday Fred said that while Wis
Itins his hi girls house, he accidentally
hrmshed against Bryant and when ne
bsgged his pardon Bryant drew a
knIfe and cut him behind the ear, IN IN
ilictinr cut that required IouI
Stitched to close. He then torc,eu ,,,l
him down and was about 20 uraw w. w
Negro arrived and prevented hlin'
Shields declared. a.. ,,n,
on him and that he then, 10 protect p,.s
himself. out the much bigger Nesro'
Evening journal., 1920-06-07
YOUNG ATWELL HAS
FINGER AMPUTATED

William p. Atwell. aged ~ years,
son Of Police Operator Howard At
well. had the middle finger Of his left
hand amputated at the Delaware Hos
pital, yesterday by Dr. Albert j.
Strikol, assisted by Police Surgeon
George w. X. Forrest, who has at
tended the boy since his injury last
week. The amputation became neces-
sary as gangrene had developed.
The accident Of young Atwell was
a peculiar one He had been seated
on the limb OF a tree In kirkwood
Park. watching game OF baseball,
and at its conclusion, attempted to
Slide down with his arms around the
tree trunk A projecting nail caught
on a rinr on the boys finger and he
swung clAlr Of the tree his weight
suspended 0n tie one finger until the
ring broke,
When taken 10 the hospital il was
found that the fesh had been tori
away clear TO the bone, but an at
tenspt was made TO save the mem
Der until gangrene developed making
amputation necessary.