davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
MARKET HALTED
AS MONEY SCARED
Interest centered Again in
Stocks Where There Is Prom
ise Of MeIon-Cutting

New York. April 10. - Confronted
with stiff money rates. today's stock
market developed considerable irregu-
larity without making much progress
in either direction. Call loan rate
opened at 10 per cent, the highest ini-
tial rate in almost six weeks. The
supply even at this high rate was said
to be small, which subsequently was
confirmed in the further elevation of
the rate to 10 per cent. Very naturally
the stringent money market totally
ecipscd all other considerations. The
street was favorably impressed by the
reported big improvement in the rail.
road strike situation, but this was
without effect in SO far as price move.
ments were concerned. AS a matter Of
fact, the market world has paid little
or no attention to this new fare up in
the labor world. What the majority
were most concerned in was whether
they would be able to secure sufficient
accommodations to complete their finan-
cial arrangements to tide them over the
week end, as all loans made today
carry over until Monday. 1t was quite
meet the demand, which apparently took
many by surprise in view of the moro
liberal offerings after the call rate
reached 10 per cent yesterday.
Altogether the market was still largely
a speciality affair, with interest ceutcring
to great degree in those particular
share either known to be closely held, =,
or where there seems to be some prom
Use Of melon cutting. Stocks that were
the more prominent features of the pre-.
ccding sessions made further substantial
| advances in the earlier dealings. With
the first signs of renewed stringcncy
there was distinct SOLDERING of spccu-
lative activity and a temperance Of
reactionary currents throughout the
general list. Standard shares. as well
as specaltieS. soon forfeited the greater
part of the earlier gains, extending from
to 6 points. Speculative sentiment
was also affected by further weakness
of the Liberty Bonds, the 3las making
n sheer decline of | per cent. Despite
! the obstacle Of the high money rate the
market rallied again during the dull
midseason. Leaders Of the recovery in .
cludcd the shipping, equipments and
other favoritcs of the morning. especially
the minor and obscure steel shares. oils
| food issues aud express company shares.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
TRADING LIMITED
IN CURB MARKET
Three Sales Made in Stutz Dur
ing Forenoon at 700
to 10

New York. April 16.-Thc trading on
the Broad street curb market was un
usually small in volume and only few
issues moved 10 an extent that demanded
special attention.
There was very little interest shown
in Stutz Motors. although large group
of brokers were bidding and Offering
that stock at times with only three sales
of one share each being recorded in the
forenoon at 700 and 10.
Cuban American Sugar (ncw) was
steady, selling at 30 TO IS, and Central
Teresa sold at rs to ~ ]. I. Case
Plow Co. was one Of the active features.
advancing from 23 to 23la. Sweets Co.
of America, which had been heavy for
some time. moved up from 2%s to 3ls.
The petroleum stocks were generally
quiet and without special change in
their market position. White Oil was
firm, with sales ut 30 to 3Ola. and
Cosden, which has made application to
be listed on the stock exchange, sold at
s and IA.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
Commodity Markets
COTTON MARKET

New York, April 16.-There was u
larger general trade in the cotton mar
ket this morning than for some weeks.
Opening prices We're to 13 points
higher. with new high records for May
and other deliveries. the list moving
about AZ points over last nights close.
The impeling factor was a report
that rains prevailed in the belt from
Arkansas eastward, supplemented by
trade buying and hedge purchases
against forward sales to Europe.
The receipts at the ports for the
day are estimated at $4,000 bales.
against 39.326 bales week ago and
40 ,613 bales year ago.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
Com ] paper
- -. on

Rates on outstanding certificates OF
Indebtedness continue unchanged at )
per cent, with the exception OF Mime
apols, where the rate Is Az per cent
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16

DIVIDENDS DECLARED

Kelsey Wheel Co, quarterly Sl.76 on
preferred payable May to stock OF record
Fairbanks Co. quarterly . per cent on
preferred, payable May to stock OF record
April 90,
payable NAV / 10 stock Of record April 26,
Colonial Trust Co, quarterly per cent
a nd an eXtra OF ia Of ! per cent. payable
MAY to stock Of record April -.
Electric Bond and share GO, quarterly 2
per cent on common and Ia per cent on
nrefarrpd Common Is payable April ID
10 stock Of record April II and preferred
NAV 1 10 stock Of record April 10.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16

Reserve Banks Discount Rates

Official discount rates at the twelve
Federal Reserve banks were az follows
(The first column gives rates for all
periods up to and including a fifteen
day maturity, the second for period
Of sixteen to ninety days The third
and fourth columns give the rates of dis
counts OF collateral loans secured by
government bonds or nOtes.)
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
NEW YORK COFFEE MARKET

New York April l6.--Sentiment in
coffee futures at the opening here this
morning appeared to be a little un-
settled and there was more disposition
to sell on the call than to buy First
quotations showed declines of I Ito -
POINTS, the greatest loss being in the
distant or new crop position.
While there was an advance OF loo
reis at Rio. with exchange Nd lower,
contracts at Santos dropped 20 to $50
reis.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16

MoNEY-LENDING RATES

NEW YORK-Money on call, both
classes Of collateral, opened today at 10
per cent for lending and renewing.
There was good inquiry for time
funds and brokers said that per cent
would be paid. although nominally
quotations were Sh per cent TO 2 per
cent. Supplies OF time funds, under
the circumstances. were limited
Prime mercantile paper is slow, , at
a minimum OF 7 per cent in most cases
Bank acceptances are quiet at un-
changed figures, Call loans stand at
bh per cent.
PHILADELPHIA-rc Cali, 8 per Ant /:
tasss . 50 months, 8 per cent
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
GRAIN MARKET

Chicago. April 1G.-Thcre was n gen
eral rush TO buy corn at the opening,
and new high records for the season
were scored. Offerings were light, while
all prominent commission houses had
orders to purchase.
Shorts were nervous and bulls as
serted that no substantial decline could
be looked for until transportation con
ditions improve and there is sub
stantial increase in daily receipts.
The arrivals here today were only
thirteen cars.
May opened at 81 30 to Sill, against
81 .69h at the end yesterday. July
opened at $1.64A to 81 .64s4, against
81 l.637s, yesterdays last price. Sep
tember started at 81 .5Sia to $3.50 aud
later sold at $1.59ls
Oats also sold into new high ground
on general buying by commission houses.
Offerings were light. The receipts here
today were sixty three cars.
May opened at 97c to 0Ghc, against
0GAc at the close yesterday. July
started at SSbc to soc. against S77sc
at the end yesterday. September opened
at 75l4 to I61sc, against Toe, ycstcr-
DAYS last price.
Receipts Of wheat at Minneapolis
were ia cars; at Duluth. fifty three
cars, and at Winnipeg los cars. There
were no wheat receipts here.
Leading futures ranged as follows,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16

The General Motors Corporation In
its annual report to stockholders for
1919 shows net earnings, after all
charges and taxes, OF SEQ, ,O05,4S4, which,
after allowing for dividends paid on the
preferred and debenture stock, is equal
TO S96.36 a share on the $l53,4ll 900
common stock outstanding, as com
pared with $l4,S25, $50. or 1915 a share
earned in 1918
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16

The average price of twenty active
Industrial stocks declined OF per cent
ycst sterday to 1C44l. while twenty rail-
roads declined 054 per cent to 74.S6.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
YESTERDAYS CLOSING QUOTATIONS.
BANK CLEARINGs
BAR SILVER

Commercial bar silver was quoted In
New York today at a decline or nc, at
sl.17% an ounce. In London. the price
was 67Ad. on va. :. 4
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
Financial Briefs

John w. Cutler has been admitted to
In the firm of Edward b.
Smith & Co. Mr.. Cutler will be con-
nected with the New York office.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
FOREIGN EXCHANGE

New York. April 16.--The foreign ex-
change market opened quiet this morn
ing with sterling being virtually un-
changed and francs and lire showing
further Improvement. Neutrals were
unchanged while marks rallied slightly.
Quotations we're:
Demand sterling 3.962, cables
397 "a franc cables 1910, checks 1912
lire cables 2?.5o, checks Ease; Swiss
cables 553 checks 5.55; guilder cables
S7h. checks 81; pesetas cables 1850,
checks l740; Stockholm cables Gals,
checks 22.0o; Christlania cables 20.45,
checks 2O,30; Copenhagen cables 1880
checks 1915; Belgian cables 1880,
checks 1882; marks l.65; Austrian
kronen. .5+.
Around midday. the foreign exchange
market was quiet. without apprecIable
changes in quotations, and Italian eX-
change held its early gain.
YESTERDAYS CLOSING QUOTATIONS.
Sterling Francs I.ire Guilders
Demand go. 8.97i1 l8,3i 23.0I s7hs
Cables 49,. 1854 1882 23O2 81
TODAY'S OPENING QUOTATIONS
Sterling Francs Lire Guildors
Demand go. S.9B% 1912 80 80 81
Gables ..,,. 3.07h 1910 22.5O 37h
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
Tank Car Co. Pays 900 p. c. DIV

New York. April 16.-The GeneraI
American Tank Car Co. declared divi-
dend OF 500 per cent. payable IN common
stock, 70 stock Of record April l3..l
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
The Increased Supply
OF Industrial Securities

In the last three years Industrial
corporations have issued over $500
600, 900 OF new bonds. 500, 900. 900
of notes ana 81 800. .000. 900 OF new
huge new supply on future security
prices Is clearly set forth.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
LIVESTOCK QUOTATIONS.

Chicago. April 1e.-CATTLE-Recedpt
3. 900 head. Beef steers and "she" stock
mostly 29 g SOC lower; prime heavy steers,
and heifers, largely IS. so q 1O,5 so; Gamers,
mostly So; bulls. steady; 6oloEGs, s760G =;
1850. No stocker trade,
HOGs-Receipts, 1900 head Light,
strong to 10c higher, Top, $500; others
steady TO l5c loweri heavyweight weakening
most. Bulk, si4.7b@l5 49, pigs steady: bulk
around Sl3. 80; some hogs bought for eastern
SHEEP-RecelPts, 1000 head, Market &C
tive, 25q5 higher mostly 5OC up, Prime
shorn lambs $3.50; good wooled ewes Sl5.
East Buffalo, n. y. April l6 CATTLE
Receipts 800 head Slow. Rest steers, 81
92: lower; common, 2hcaSl lower. Calves
receipts. 1000 head. Steady, I6923.
HOGS-Receipts $50 head state hogs.
Sl8.60QlS.
SHEEP AND I.AAiRS-Rscspts, 500 head.
Few clipped lambs sold at S2l,5O.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16

The New York Subtreasury gained
$4,000 from the banks yesterday,
making cash net gain since Friday OF
S2,427,OUO.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16

Transfer books Of the General
Asphalt GO. close April 20, open May
l2, for the annual meeting TO be held
May II.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
Security Price
Movements
in the
"QuarterIy Forecast"

By 1hOmdS Gtbs0n
Author Of The Pitfalls Of specula.
tior, The Simple Principles Of
Investment, etc.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
Volume Of Business vs..
Declining Margln OF Profit

The volume OF manufac cturing bust.
ness is large and will continue large
for some time, but the margin Of
profit 10 decllnins rapidly; This, i'm
to its probable effect on security
values and prices.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
The Money and Gre dil Situation

The credit situation will easily he
and especially In the period of sea.
sonal strain this fail, A thorough
understanding OF this influence Ia es-
sential
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
Leading Topics
The Stock Dividend Humbuu

The widespread idea that stock
dividends can add anything to earn
ings, equities or values is a popular
delusion. This dangerous error IL
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-16
Relative Position OF Various
Classes OF Securities

some ella sees OF securities and greatly
benefited others. Now that the war
Ia over, there will bo some sharp
readjustments. The nature and ex-
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-09-23
TO PROBE IRELAND
Committee of One Hundred
Plans Public Hearings.
Look Upon Question as One
Affecting Q. S. vitality.

New York. Sept 2S.-Oswald Gar
rison Willard announced today that
the selection of the membership of the
committee of one hundred on ireland
formed on Invitation of The Nation to
investigate and report publicly upon
conditions in Ireland with especial ref
erence TO atrocities. has been COM
pleted.
Public hearings are to be held in
Washington by commission of five
members. Five United States SEN
ators, Johnson and Phelan of Califor-
MIA, Spencer of Missouri, Ashurst of
Arizona, and Walsh of Massac husettts.
as wen as four governors, Edwards,
of New Jersey. Carey of Wyoming,
Frazier of North Dakota and Camp
bell of Arizona have accepted places
on the committee which is made up
otherwise of persons prominent in the
discussion of public questions.
It is announced that Sir Auckland
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-09-23

Geddes, British ambassador and Prof.
Cannon de Valera, as representatives
of England and Ireland have been
invited to provide the committee with
information and to submit a list of
persons who should be called as wit
nesSes.
The Nation states in reply to both
favorable and adverse comments with
respect to the proposed investigation
that 'it has undertaken the project
in the conviction that anything which
teopardizes the relations of the United
States with foreign powers or which
tends to breed international i'll feeling,
is a proper subject of inquiry by a
group of American citizens.
The object of such inquiry should
be the determination so far as possible
of the truth or falsity of the allega-
tiens which tend to cause ill-feeling
to the end that, If true, responsibility
for the unhappy conditions may be
made clear and that, if false, the al
legations may be publicly shown to
be such"
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-09-23

Wall St, New York. Sept 23.-STOCKS-
Addiuonal indications of Industrial read
lustment caused further severe depression
IN the stock market today. Motors, oils and
steels registered extreme declines of l to 6
points. Sales approximated 100000 shares
Recent conflicting movements in the stock
market were resumed at today's opening
Rails OF the speculative variety advanced
while most of the industrial issues were
moderately reaetionary. Chicago and AL
ton, Texas and Pacific and Kansas City
Southern averaged one point gains and st
and New Haven gained substantial frac-
tons. Tobaecos and some of the oils were
materially higher but motors coppers and
leather donated further selling pressure
feature of the foreign exchange market
was the acute weakness of Scandinavian
Trading during the morning was on the
largest scale of any corresponding period
Tor many weeks, more than 100000 shares
changing hands in the first hour The
market lacked breadth, however, activity
centering mainly in low priced rails and
obscure coalers- Outstanding features OF
these groups in addition to those already
named included c. and O.. Kansas City
southern, Pittsburgh Coal. Pond Greek Coal
and Elkhorn Coal at gains of to 2 points
Motors and their subsidiaries manifested
increased wea knesss with steels and equip
ments, notably Kelly Springfield Tire ana
Crucible and Republic Steels High grace
shippings and metals and chemicals very
heavy An irregular rally before noon was
led by Replogie steel and the tobaccos
Can money opened at per cent.
Investment rails were included among the
reactionary stocks of the last hour, espe-
list also tending lower; the closing was
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-09-23
SOLVES INDUSTRIAL FIGHT
Governor Allen, in Letter to Alabama
Editor, Praises New Court.

Birmingham. Ala, Sept. 2S.-Solu-
ton, of the industrial quarrel is found
in the Kansas law and Alabama will
do well to emulate that state, accord
ing to Governor Henry J. Allen Of
Kansas. in a letter to the Birming-
ham News
The radical leaders are all opposed
to it," wrote the governor, because
they realize, of course, that If the gov
eminent is successful in giving to
labor and to capital justice in the ad-
Indication of Industrial kuarrels and
at the same time in eYading strikes,
there will be no future need of highly
paid labor leaders"
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-09-23
TODAY'S MARKET REPORTS

+ Chicago, Sept. 23--WHEAT-Heavy sell
ing Of wheat took place today and carried
prices lower, much of the selling appeared
to be based on opinions that lull in ex-
port business was foreshadowed- On the
contrary, however, foreigners were said to
be making new purchases. Opening quota
tions which ranged from &c to &c lower
with December S2-3415 to S234A ana
March S2.2T to S2.2s12 were followed by
La slight further setback and then some
thing of a rally.
Subsequently, weakness OF coarse grains
tended more or less to offset export buying
'of wheat that totalled one million bushels.
advance with December $236A to $236%
and March $2.27 to S2.27H.
/ C0RN-Lowest prices yet for the new
icFep were reached in the corn market. Fine
Iweather was the chief bearish influence
after opening q C TO &c off, including De-
leember at $1.04 to S1.04A the market under
went a further sag
i December broke to under 81 for the first
time since 1917. September dropped 10
cents demand from shorts having been ex-
hausted. Besides, receipts were liberal. The
iclose. was heavy. 53sc to &c net lower, vita
December 99A to 9915c
+ OATS-Oats reflected corn weakness,
starting unchanged to nc higher, December
$3.50 to Coo and then reaetfng to well be-
OV1STONS-Provisiens were depres sed
by down turns in the hog and grain mar
kets.
Chicago Grain and Provision Market.
(The range of prices on grain futures on
Chicago Board of Trade as reported By
Empire Commission Co. 30l New England
Bldg.)
Chicago, Sept. %.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-09-23
men BUY LIKE WOMEN
Fred VoiIand in Chicago Says Clothing
Purchasers Arc Particular

Purchasers Are Particular.
Chicago. Sept. 23.-In his address to
the National Retail Ciothiers' associa-
ton here yesterday, Fred Voiland of
Topeka. Kan. director of the associa-
ton, IN announcing that clothing
prices are due for 3d. per cent cut
in the spring, also declared that styles
are TO be more moderate. He said:
America is now about the best
dressed country in the world, altho
you might say the least stylish. This
is due TO the fact that men have
learned how to shop. They don't go
into stores any more and buy a suit
because of the fancy hand painted
label pinned on the lapel.
Instead, they act like women. They
examine the quality. hold the suit up
to the light, take. it out on the side
walk, shake it and pull the sleeves to
see if they'll stretch"
Concerning the recent freak styles
in mems clothing, most of the dele
gates seen were agreed that their fin
ish had come.
Its hard even to lure the college
boys into buying snappy and unusual
modes said one delegate. Men are
shopping these days with an eye to. the
Iduality and endurance and they give
the dubious eye tie styles that suggest
flash rather than moneys worth"
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-09-23
RAILROAD MAN
Says Tanlac Overcame His Ten
Years of Trouble.
Feels Twice the Man He Was,
He States.

Yes. sir, I believe I am twice the
man physically l was before 1 got
hold of Taplac," recently declared
otto G. Gueldenhaar, of 2715 Steuben
street, Burlington, Ia
have been working at the Bur
llngton railroad shops for ten years.
he continued, and during all that
time 1 haven't known what it was to
be in good health. My stomach both
cred me day in and day out and at
times had cramping spells that near
ly doubled me up. I couldn't eat much
of anything and there was a mean,
bitter taste in my mouth most of the
time.
"Sickening headaches often came
on me and I would get so dizzy
could hardly work, for whenever
stopped over I couldn't see a thing.
Then rheumatism developed in my
legs and knees and they would swell
up and ache so bad 1 thought 1 would
go wild. At night 1 was in such pain
and misery that I couldn't sleep to
amount to anything and all during
the day I felt SO weak I just could
hold out
But Tanlac has made a different
man out of me and 1 know what good
health is now. I haven't a sign of
indigestion for I can eat anything I
like and as much as I like and never
suffer any bad effects at all. I have
MT had a headache in l don't know
thing of the past. The rheuma tism
has disappeared and 1 sleep as sound
as ever. In fact, 1 am not troubled in
any way whatever and~I weigh ten
pounds more than 1 did before I feel
as strong as I used to years ago and
can put in full time at work every
day now"
Tanlac is sold in Topeka by Tully-
Mcfarland Drug Co., S35 Kansas ave
nue. and 72s Kansas avenue.-Adv.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-09-23
OBREGON WILL VISIT TEXAS
Mexican Elect to Attend
State Fair in October.

Dallas. Tex. Sept. 23.-Genera1 Al
varo obregon, president-elect of Mex
leo. is planning to visit Texas early in
October in connection with Mexican
industrial and commercial activities at
the Texas state fair here. it was de-
clared today by Secretary Stratton, of
the exposition
A number of Mexican ub-officials,
agricultural and commercial experts
have already arrived in Dallas in con-
nection with Mexican exhibits.
Provisional President de la Huerta
will also attend the exposition unless
detained in Mexico by duties out of
the ordinary, Stratton announced.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-09-23
WEATHER
.contInued from PAGE one.l

CONTINUED from Page one9
o'clock this morning. At 10 o'clock
the mercury stood at II, with pros
poets of going not higher than IS this
afternoon. 1t will be the same story
tomorrow.
Cold weather prevails in the noun
tains,. with a temperature of 80 re-
ported in Utah. There is not much
chance Of this weather affecting Kan
sas climate in the next twenty-four
hours.
was blowing fifteen miles an hour
from the south. Extremes for this
date were 92 in 1s9Band 40 in 1895.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-09-23
AAosw1NEY srILE ALIVE TO-DAY.

London, Sept. 23.-Lord Mayor Mac
Swiney of Cork had a few hours of
restful sleep last night, but was suf-
fering. severe pains in his head and
self-determination league at Brixton
prison
Reports to the home office by the
prison physician stated there was no
apparent change in the condition OF
MacSwiney.
This is the forty-second day Of the
lord mayors hunger strike.