davidaulloa/AmericanStories huggingface dataset:
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-28
HARD COAL MINERS
Reject OPERATORS
COMPROMISE OFFER

NEW YORK. April ETH" general
scale commI,t, IL the anlhrhr'l" m.n''
workers at "A meeting lat" to-day. re-
jrClrd the cuUut,r offer # III" Up"fat"
orS covering TIN IT wage d'naniS.
Thu operators. II WAS learned. offered
wage increases averaging approximate
ly - percent but did not grant tn"
closed shop or III" universal eight hour
day.
SpnIatiyrS to Frpurl their action To- the
operators at turuurrUw nghtS meeting
Of the subcommittee appointed I" NO
gotiatc the hew agreement ana MAKE
further efforts Ia get n NOR" iaN"raple
proposition. The miners committeeman
IL was stated. were unanimous III re-
jccting the offer.
Thr oprratorS' offer ~ a wage in
crease averaging around - percent.
gives the miners about half AS much
as their modified demand relating I"
the to wages asked. In this demand IN"
miners asked an adVan|" equal Ia Inc
award recently given the htumin"uSS
coal diggcrS by tn" presidential coal
commission. which amounted /" approx
imatply thirty per cent increase Tor
the contract miner and 81 day for the
dav workers.
The miners demand for closed shop
contract and an eight hour day was
also denied by the operators, ~ w"r!
n number Of others Of h" seventeen
demands presented by the anthracite
workers.
The text OF the written reply Of the
operators to the miners was VIII hh"id
today by the subcommittee in rharE'
counter offers could not bc mad" pup
lie until after the meeting of tn" sub
committee scheduled for seven O'Clock
tomorrow night.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-28

Tho score or Inn ~ made by counting
twice IN the l6 ring and four times in
the - ring.
CCnpyriSht. 1920, by Sam Loydo
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-28

3An1-on Sunday. April IS. 1880. at
1:45 o'clock a. m. at the homo Of her
daughter, Mrs. George Menkemillef.
So Twenty-sixth street, MARY KATH.
ERNIE, widow Of the late Louis
Baker in her lard year -
Funeral services Wednesday Afternoon
at 2 o'clock, in the home Of her !.
daughter. Mrs. George MenkemelleSf
No. 50 Twenty-sixth street. Friends
of the family respectfully invited In.
terment at Greenwood cemetery.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-28
PouT1oN WAITED.

wANTHD-Position by strong. emerge
tic young man Of 90 years. Excellent
character. Write T. D., care Intelligen-
Ger. Ap-56.i
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-28

wANTED-Store room on Market ST.
prefer location near Market house.
Write b., care Intelligencer. ap-29-I
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-28
ron 11nT.

HoH 1ENT-Furnishcd room. Apply.
3rd floor Intelligencer building. ..t
ap-ai.l
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-28
DIED

1As1C1H-On Tuesday. April -, 1920.
At 3:i5 o'clock a. m, at the North
Wheeling hospital. J. B. OTTO RAM
SER, in the 18th year Of his age.
Funeral at the Mendel Company chapel
1912 Chapline street. Services at
First Unitarian church 1923 ,Eoff
street Thursday afternoon 1850, In
charge Of Rev. Clara Cook Helvic.
Remains will be taken on the 4:36
train Bellaire, Ohio, to Powhatan,
Ohio, for interment.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-28
POULTRY.

Wheeling, w. Va. r d. No. :.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-28
1o1 ALI
wANrED-sAlES1HN
BUSINESS oPPo1TUHT1uS

o5 CRANC11 to make a fortune on an.
investment of only $1,000. For de-
tails address Mr.. Allen, Box 27z, Wheel.
ing, w. Va. aD-3Nl ~
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-28
LOST AND FOUND.

LosT-Black travelling bag, Initials r..
X. Reward, return Remington Type.
writer Co., 1909 Chapline st. ap-77-i
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-28

wANTEO-Clothing salesman, good
position for right party. Apply Sher-
man store, 1874 Market st. ap-2e.t
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-28
RArHS-On Tuesday. April 9th. 1870.
at $40 o'clock p. m. at the Ohio VAl-
ley General hospital, SARAH JOUR-
DAN BATES.
Funeral notice later.
please omit flowers.J

KuMPK11Y-on Sunday. April IS.
1920. at 7:16 o'clock p. m. At hil/
home $40 National road. GEORGE
MARCUS HUMPHREY. in the 2eth
year Of his age.
Funeral from the residence Of his
mother, Mrs. Lcrena Humphrey, 60
National Road. Fulton. Thursday AZ
ternoon at 2:30. Interment Green
wood cemetery. Friends Of family
invited 20 attend. !
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-28

cLA1u-On Sunday, April IS. 1880.
at $50 o'clock p. m, at tho late resi-.
dence. No. 27l3 Woods street, MISS
JULIA CLARKE.
Funeral from her home. 2713 Woods
street. Friday. April 81, $3.50 q "A.
Requiem high mass Immaculate Con.
ception church 10 o'clock. Interment :
Mt. CALGARY cemetery.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-28

room girl Day
turn; also middle aged woman, night
turn. Hottman's Restaurant. ap-37.t
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-28
wANTBD-NAI1
wANTED-HR1GAI1

WANTED - Experienced stenographef.
State age and salary expected Adt
dress Box 131, City. ap-11.K
New-York tribune., 1920-02-06

Sub-Treasury-Un States Federal
Reserve credit balance, $47,39l,6 $50.
Silver-London, S67sd.; New York,
$1.32; Mexican dollars, s1.o17s.
New-York tribune., 1920-02-06
Bankers Sail for Europe

Quite representative contingent of
Wall Street bankers was aboard the
Cunarder Maurctania when she cleared
the port yesterday 1t included Henry
r. Dawson and Arthur NJ. Anderson
of j. P. Morgan & Co.; Seward Pros'
ser, president of the Bankers Trust
Company; and Grayson Mp. Murnhv
president of the Foreign Commerce
Corporation of America While Mr.
Dawson is going abroad primarily for
the purpose of attending the Red
Cross convention at Geneva. il ia hs-
lleved that he will discuss the ey-
change situation and other collateral
matters with prominent fnanciers in
London and Paris. Seward prosser 10
going TO Paris to complete the az
rangements for the opening of the
Bankers Trust Company's new Office
there. Last November the trust com.
pany acquired the famous Hotel Rris-
tol, at the Place Vendome. which viii
he opened for business in Nav. Vice.
President Fred Z Kent, head Of tho
1IoreIgn department of the Bankers
trust Company, and Reginald Il. Giles
V'ce-presldent and treasurer. are aI'
ready III Paris.
New-York tribune., 1920-02-06
Prices Decline,
ButLiquidation
Is Less Urgent
Short Covering and Specu.
lativc Purchases for a Raj
ly Help to Check Slump;
Money Renewal Rate High

Liquidation continued in the stock
market yesterday, but it WAS neither
SO urgent nor so extensive as that
which smashed prices on the two pre-
ceding days. In response to brokers
calls for additional margin, the weaker
accounts had either been wiped out or
strengthened.
Prices followed the downward course
made inevitable by the heavy selling,
but the declines were not as great as
those witnessed the day before nor
were they as numerous. Short cover
ing was a sustaining influence of con-
siderable Importance, while profess
sonal purchases, induced by the be-
lief that such a break as has been
experienced should be followed by Il
rally, added to the resistance to sell
ing pressure. The covering opera
tions of those who had been working
by renewed bear attacks, which CEN
tered around Steel common AS the
decline in this issue carried the price
close to par, the bears threw large
blocks of the issue on the market
Their selling was supplemented by the
catching of large stop-loss orders
around par, and for time the mar
ketS leader was exceedingly weak
Below par, however, it found consider
able support and rallied a little.
The liquidating movement gained III
force when money renewed at II per
cent, the highest renewal rate in more
than twelve years, but the selling in
duced by this abated somewhat when
money failed to soar in the fashion
that might have been expected In view
of the high opening. The top price
of the day was 20 per cent.
1t vas said in we'll informed quar-
ters that money undoub btedly would
have gone TO record prices--one au-
thority naming 40 per cent as the rate
which probably would have beer
reached--if the banks had not taker
that the bankers had prepared. through
Just such situation as developed
squeeze.
Although it Is known that the bank:
are ready to take any steps necessary
to avert money panic, it by no mean:
follows that they can or will ALLOW
money to get easy enough to encourage
/ speculation. in fact, it can be ASSERTED
on on good authority that while fund
for legitimate stock trading and TO
all legitimate business needs will b.
provided. the banks are not going t,
finance gambling either in stocks o
in commodities. In the opinion o
bankers, the best the market can hop
for is fairly steady supply of fund
at rather high rates.
Liberty bonds again touched ney
,oxy 1oyols
New-York tribune., 1920-02-06
Crucible Steel

Strangely contrasting with the mar
ket action OF the majority of the high
priced issues, Crucible Steel gave
another remarkable exhibition of
strength Yesterday Crucible stood up
against all the onslaughts of the pro
fessional element. When Steel com
mon was knocked down under par
Crucible actually moved up a fraction.
The action of this issue indicates, &C
cording 10 the Streets way of think
ing, that the inside interests who own
most Of the stock are not being
stampeded into unloading by the gen.
eral market turmoil. In the last four
days, that IS, since the market went
into decline. $1,000 shares of Crucible
nave been turned over on the cx-
change. The high price during this
period was 224. made on Monday. The
lowest price touched by CrucibIe was
2e4 made on " Wednesday when the
market VAS at It's worst. Yesterday
trucible moved up to 2l2 on tho early
rally, settling back later to POS and
ending up at 2o9, up point on the
day "
New-York tribune., 1920-02-06
Buying Power Restricted

The swift decline in prices Of indus
trial stocks this week has carried many
to levels where they begin to look at
tractive to traders who paid much
higher prices week OF so ago: But,
unfortunately, most traders are having
their hands full keeping what they
are still carrying. protected with ample
margin without thinking Of taking on
more stocks. "Stocks certainly look
cheap" is q remark heard hundred
time day in Wall Street, but people
who would like to buy are not in a
position to buy, and those who could
buy are not willing to take q chance.
Considerable short covering was done
yesterday, but such purchases were
Offset in measure by fresh selling for
the decline and continued liquidation
The further dip in prices caught lot
OF stop-loss orders again Yesterday.
New-York tribune., 1920-02-06
Why Time Money Is Scarce

Banks continue to adhere to their
policy Of not extending credit for fixed
periods on Stock Exchange collateral
banker explained yesterday why this
was being done. "The credit situation
is SUCH" he said, that VIC cannot
afford to let it get out of control.
Therefore, we are making loans for
stock market purposes only on call.
That enables Us to keep our hand on
the throttle at all times, whereas were
we to put out large amount Of time
money for sixty or ninety days it wouId d
nullify our efforts to keep things
liquid" The stock market loan situa-
tion has been much improved by the
liquidation of the past few days, it is
stated, and the total outstanding loan
account has been considerably reduced.
New-York tribune., 1920-02-06
Brokerage Opinion Still Bearish

1t was difficult yesterday, when the
expected rally on technical did not
put in an appearance, TO find anything
but extreme pessimism around the
brokerage houses. This was only
natural, Of course, in view Of tho
drastic hammering to which the mar
ket has been subjected since Monday.
Gossip sent over the wires by the
commission houses to branch Offices
throughout the country was not con-
ductive to optimism. The view most
generally taken was that still lower
prices are in the making, although a
smart rally may come between now and
the close on Saturday, due merely to
technical conditions. There never was
a stock market swing that did not have
temporary periods Of reaction But
while the word went out over the wires
that such a reaction in the form Of a
back snap in prices is due, many
houses told their customers to get out
of any long stock they might still be
carrying, and to wait until the present
money squeeze is over, or at least has
been relieved somewhat by general
scaling down in loans.
New-York tribune., 1920-02-06
In Wall Street
Steel Breaks Par

Like prizefighter who has been
sent sprawling by the sledge-hammer
blow of fellow pugilist, the stock
market following, at least the ma
jorty. moved in sort of a daze yes
terday. Apart from the game coterie
Of professional bears which has been
slugging away at prices since Monday
with good deal Of success, specula-
tive Wall Street appeared to be state
Of mental confusion. The movement
OF stock prices reflected this condi-
ton Of affairs. Stocks got off TO
III Oldest rally in the first hour, and the
hopes of the few bulls left rose high,
only to fall like "dud" when the
bear party got its arms swinging with
careful precision later in the day.
After trying out the soft spots with
varying success the same profes ssionals
went out after Steel common. The
idea was, Of course, to force break
IN the big speculative leader 80 as to
produce unsettlement elsewhere. Just
before O'Clock the drive against Steel
was launched with vigor that was
not to be denied. For few minutes
Steel hung at par, and then $500
shares broke the price to 99%. On the
rext sale Steel rallied to par, but sub
sequently yielded again, this time
going to 991s, the low for the day.
The closing on Steel was 100h.
New-York tribune., 1920-02-06
Telephone Tie-up.

Several big brokerage houses in the
lower end of the financial district were
without telephone service all day yes
terday. A minor explosion put the cir
cut out of business in that part Of
sne street and emergency repairs
eouio not be made in time TO give the
nrms service. AS result they had a
was handled fifty years ago. Mcssen-
gers were pressed into service. hut
even then the firms involved had hsrd
work taking care OF their orders.
New-York tribune., 1920-02-06
The Dollar in Foreign Exchange

The pound sterling, the Belgian
franc and the French franc rallied yes
terday, when buying power was ex-
pressed in the market, but the lire
reached new low level. Marks re
manned unchanged.
Yesterdays rates, compared with
those Of week ago, follow:
New-York tribune., 1920-02-06
Stock Exchange Seat Sold

Sidney l.. Smyth has sold his mem
bership on the New York Stock Ex-
change to Edwin Posncr for $lO3.5O0
New-York tribune., 1920-02-06
Copper Sales Decline

Copper metal sales by the leading
American producing interests took :
stump IN January, but even then the
lotai amount sold, 35o.ooO.0oo pounds
was, was oo" w'th the exception OF the 500
Voo,ooo pounds sold in December. the
largest amount disposed Of in almost
a year. November sales are estima fed
to have approxima.ei 135 o0o 900
pounds. The December sales werc ~
largest in the history of the industrv 1Te
New-York tribune., 1920-02-06
Money and Credit

The Stock Exchange money strin-
gency shows no prospect of abatement,
and because Of this condition bankers
have agreed informally to furnish
funds for call loans whenever the
pinch makes it necessary. The official
opening and renewal rate yesterday
was II per cent, the highest since
January, 1908. One important lending
institution, however, placed its renewal
rate at 20 per cent, which was the
high rate for all Stock Exchange loans.
The majority of banks still refuse TO
make time loans, but the nominal bid
by brokers is 10 per cent for all IN
dustrial collateral
The ruling rates for money yester-
day, compared with year ago, were
al
New-York tribune., 1920-02-06
What Do You Think of the Marks.

The manager Of large BROKERAGE
hrm: II am inclined TO think the acute
stage is over. fairly smart rallv
should be experienced before the close
on SATURDAY." N'0'e
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-02-29

A good heavy weight,
highly mercerlzed Poplin.
full SO inches wide. and
shown In tho following
wantci shades. Navy, Old
Rose, Pink. Light Blue and
Green. Limited quantity,
offered while it lasts, at soc
yard.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-02-29

Over so. beautiful New
Spring patterns to select
from, all Sc inches wide,
and OF a quality that you
will find impossible to du-
plicate under 60c yard.
Buy your Dress pattern
now and save the differ
ence.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-02-29

An excellent quality, soft,
lustrous null. shown in
white. black and a COM
plete range OF all wanted
shades. Regular SOC val
ues. offered for the big
Anniversary Sale at only
Doc yard. Come early.
New-York tribune., 1920-06-27
Stocks Hold Firm
In Quiet Session;
Dull Week Ahead
Market Shows Disposition
to Await the Outcome of
Democratic Convention:
Chemical Shares Strong

The stock market session yesterday
was about the dullest of the year. At
tendance at the exchange was ex-
ceedingly small and the turnover of
business fell considerably short of
10000 shares for the two hours
Stocks managed to display q fair de-
gree of tirmness, but in view of the
movement could hardly be called i'm
pressive.
Shares Of the chemical companies in
volved in the proposed merger were
among the few outstanding features in
the market. National Analine issues
advanced more than a point and held
their gains to the close. Railway
shares continue to display firmness.
The feeling in stock market circles
was that little could be expected in
the way of increased activity in the
coming week. The Street is disposed
to await the outcome of the Democratic
convention, and, moreover, the money
situation is not favorable to a revival
Of speculation. The banking view is
that while some improvement of the
traffic situation has been accomplished,
1t has not gone far enough to release
any considerable part Of the credit
frozen by the inability of manufac-
turers to market their goods.
The weekly statement of the Federal
Reserve Bank of New York disclosed
considerable expansion in loans to
member banks. and heavy loss in gold
This resulted in decline of the ratio
of reserves to deposit and note liabil-
tiles from 42.5 to 1872 per cent. Mem
ber banks increased their rediscounts
at the central institution by nearly
$70O0O 900, about equally divided be-
tween rediscounts Of government paper
and commercial bills. The Clearing
House banks improved their reserve
position, showing a surplus over legal
reserve requirements of $31,905, 900,
against small deficit the week before
Loans expanded slightly while demand
deposits decreased sec, O,195, 900.
New-York tribune., 1920-06-27
The Dollar in Foreign Exchange

Continental exchange moved upward
again last week. The sustained move
ment cannot be explained by refer
ence to any particular change in the
situation, but is rather discounting
of the improved sentiment regarding
European conditions. The movement
is a reaction away from the extreme
depression of last February, and rep
resents a recognition of the fact that
conditions are not so bad as they
seemed during the critical months of
winter. Marks shared in the rise. The
currencies of other Central European
countries were also firm.
Sterling also was firm. The finan-
cial district bristled with reports Of
incoming gold all through the week
and $3,900,000 arrived on the Maure-
tania yesterday. OF this aboutS3, 800, 900
was consigned to Kuhn, Loeb & Co.,
and the rest to other banks. This
was open-market gold from Transvaal.
1t is reported that the liner Olympic
is bringing cargo Of gold consigned
to j. P. Morgan & Co. for the account
of the British Treasury in connection
with the Anglo-French maturity
If you calculate the cost Of the dol
lar in terms of foreign money at cur
rent exchange values-that is, if you
were buying dollar with pounds,
marks or francs-:ts value at the close
of last week, as compared with year
apo follows:
New-York tribune., 1920-06-27
Loan to Grand Trunk
Canada Makes Provision fo,
RAILWAYS Debts

OTTAWA, June 26.--A loan of $685.
100000 to the Grand Trunk Railway
system, recently taken over by Canada
as government railway, is provided
for in the supplementary estimates of
S68,O0O,O00 presented to-day in the
House of Commons
This loan is to be made, under the
director of the Minister of Finance, to-
ward meeting expenditures made in bet
terments of the road or for deficits or
interest on funded indebtedness in
Cured by the system or it's subsidi-
aries before March 8. 1920, when the
railroad was taken over by the govern
ment.
The House to-day also passed the
government railway estimates, which
we're the subject of considerable de-
bate.
New-York tribune., 1920-06-27
Reserve Bank Ratio
Drops Sharply as
Rediscounts Cain
Improvement of Previous
Week Temporary; Condi-
tions Same as After Tax
Payments OH March Is

AS discerning students of the bank
statement anticipated, the reports of
the Federal Reserve Bank of New York
yesterday showed that the improvement
shown on the previous week was il
lusory and reflected merely the tenn
porary conditions resulting from the
huge June 15 payments. In contrast
to the sharp contraction of rediscounts
week ago, the new bank statement
showed an expansion in accommoda-
tions both for member banks and for
banks in other districts. The same phe-
nomena were to be observed after the
March Is tax payments
The changed condition was reflected
in decline of the combined ratio of
reserves against deposits and notes
outstanding from 42.5 per cent to 1872
per cent, and a drop III the ratio of
reserves against deposits from 45.7 per
cent to 3S.3 per. cent.
Rediscounts secured by war paper
for member banks rose about $16OOO,-
900, and for other Federal Reserve
banks s25,000,ooo, and rediscounts Sc
cured by other paper for member banks
went UP about s31 900, 900, and declined
trihe for other Reserve banks
Moreover, there was loss of $685.
UOu,UVO IN the gold noldlngS OF the
bank, chiefly through the gold settle
ment fund.
The Clearing House actual state
ment, which revealed a deficit in re-
serves week ago, showed an improve
ment yesterday. The surplus was up
s31, ,9o5,25o, but loans increased s3,121,-
900 and net demand deposits declined
$60,195,Ooo. This change in surplus
merely represented borrowing at the
Reserve Bank. and the increase in loans
and decrease in deposits showed no
signs of contraction. The average re-
vealed a decline of s16,7S4,11O of sur
plus, and similar rise in loans and de-
cline Of deposits
New-York tribune., 1920-06-27
To Reduce Pacific Rates

VANCOUVER, B. c., June 26.-Re.
ductions in trans-Pacific carrying rates
on cotton, steel lumber and automo-
biles, in an effort to equalize the po-
sition of the Pacific Coast with gulf
ports and New York and North Atlantic
points with regard to those commodi-
ties. were decided upon at conference
of the Pacific Coast Oriental Tariff
Bureau, held here yesterday The con-
ference was attended by representa-
tives of steamship lines and shipping
companies operating from ports be-
tween Los Angeles and Vancouver.
New-York tribune., 1920-06-27

becoming a minor consideration in the
market. The heavy inroad made into
these stocks last winter by unprece-
dented sales has still left It's impress
sion, but the good beginning has not
been duplicated lately; in fact, that
money conditions have forced much
liquidation of copper that was held in
anticipation of filling future require
ments. The general wcsld consump-
tion has been satisfactory and. if tho
ing copper companies at $500, 900 900
pounds annually is correct, is startling.
OF the world consumption the United
States is said to have furnished about
go per cent"