davidaulloa/AmericanStories huggingface dataset:
Every evening, Wilmington daily commercial., 1920-05-13
AMERICAN LEGION
PLANS FOR CIRCUS
Also Merchants and Manufac-
turers' Exposition From May
81 to June 5.

The American Legion is pleased with its
advance sale Of tickets for the circus, and
exposition, MAY 81 to June at Twenty
ninth and Market streets. In order to
advertise the circus as widely as possible
and give all who so desire the opportunity
TO buy tickets, headquarters for the cam
paign has sent out by mail letters con-
tanning tickets TO over $4,000 persons in
this city Each letter contains quantity
OF tickets. Those receiving these letters,
the committee points out, do not have TO
take the tickets unless they want them,
but as the circus Is to be so good with SO
many first-class attractions that Will not
lie shown at any circus performances III
Wilmington this year, the committee
points out that the tickets are a good
buy at the low price which is asked for
them. With the circus as with the exposi-
tion and membership campaign the Legion
Is emphasizing that it is not expecting to
receive from the public anything that it
does not return, dollar for dollar, and
sometimes more. Those who are conduct
ing the undertaking say il cannot be too
strongly emphasized that this is no cam
paign in which the Legion is asking for
charity, but Is pure business proposition
on a business basis.
AS the time grows closer for the mer-
chants and manufacturers exposition to be
held in connection with the circus, the
indications are more pronounced that this
is to be a striking trade-in-Delaware
demonstration. To the long list Of others
previously announced, who have taken
space in the exposition has been added the
names Of the L. d g. Motor Co, III Fem
berg, furniture and clothing, and the
Brunswick Phonograph Co. Not day
passes in which several new contracts for
booths are not signed The arrangement Of
the booths, uniformly constructed and
just inside a beautiful archway leading
into the circus grounds, will be ideal for
the display Of merchandise and manu-
factured goods.
In the midst Of their busy preparation
for the circus, members Of the Legion are
taking time to plan for a night Of social
diversion at the armory next Monday
evening At that time the Ladies Auxiliary
of Delaware Post, No. ], will present a
stand of colors to the post. An enter
tainment viii also be given While the
meeting is being held under the auspices
of Delaware posts members Of all other
posts, the Ladies' Auxiliary ard OK
service men who want to join the Legion
are invited TO attend.
Every evening, Wilmington daily commercial., 1920-05-13
PHI-BA-WA TALENT.
Cast Becoming Very Popular and Giving
Many Entertainments.

The Phi Ba-Wa cast is fast becoming
one of the most popular of its kind. Dur
ing the past week they gave three per-
formances, showing Wednesday night Mt
Eden Hall for the railroad clerks; on Fri
day night at Claymont for Queen Esther
Lodge, No. 8, /. o. o. f., and Saturday
night at the Century Club for the Jr.
O. u. A. Mechanics
The director, Jack II. McAdams, is
scouting for all the talent he can obtain
and has succeeded in getting Hugh
Brainard, well-known tenor, formerly
with the keystone Field Club. Brainarel
worked two shows last week Other new
members are Misses Shelf Timothy and
Campbell. MIR. King and Barnett. John
A. Brehm has been made cast photograph
er and will take oare of this line Of work.
This gives them a complete cast fit TO fit
any occasion.
Every evening, Wilmington daily commercial., 1920-05-13

You try an Every Evening want adv
Every evening, Wilmington daily commercial., 1920-05-13
ZIONIST CELEBRATION.

The Zionist organization Of America
will hold a~Nictory celebration Sunday ID
honor Of the restoration Of Palestine 10
the Jews. Isaac Carmel, Of New York
will make an address in the opcn-air
theatre at Shellpot Park at clock next
Sunday afternoon.
There Will be plenty Of music and the
entire Jewish population of the city is
expected TO turn out for the celebration.
Children will be carried TO the park with
out charge on cars leaving Front and
Frenc b streets, 9 clock Sunday morning
Every evening, Wilmington daily commercial., 1920-05-13
MAN, II, KILLED BY TREE.
Dorchester Resident Was Watching Men
Fell Timber.

pas cabTdge y ge.rs Md nd May ytd H. o Tag
lor's Island Thursday by the fall of a
tree while he was watching number Of
men cutting timber.
Surviving are two sons and six daugh-
ters, William and Edward Ruark, Of
Taylor's Island; Mrs William Riggin.
Golden Hill Mrs Thomas Frazier, Of
Cambridge Mrs. Howard Robinson, of
Baltimore: Miss Matte Ruark Mrs.
Levine Brannock and Mrs. Rosa Frazier
Of Taylor's Island
Every evening, Wilmington daily commercial., 1920-05-13
Indian Motorcycles for Police

The Police Department have ordered
five new Indian motorcycles for the use of
the department. The order for these ma
chimes has been placed with j. II. Min
nick, local distributor for Indian motor
cycles, who expects TO he able to deliver
them in about ten days
Every evening, Wilmington daily commercial., 1920-05-13

At Braintree the driverof a coal truck
plowing through Is inches Of water. bad
To blow his horn 70 warn a lot Of rowboats
out Of his way
Evening star., 1920-01-11
INITIATION. PRICES AND CREDIT
FACTORS IN BUSINESS ABROAD
Two Kinds of Exchange Have Place In
: Money Transactions and Interest
Observers of Conditions.

upon the credit of the issuing nation.
There is depreciation when the
credit of a country is strained ana
too much paper money is issued. This
kind Of depreciation, however, must
not be confused with the relative de-
probation "a depreciation solely in
its purchasing power ana not IN IT'S
intrinsic value) which results from
the rise in the price of food and cloth
ing and other commodities This lat
ter so-called depreciation Is caused
mainly by changes in supply and de-
mand, while the other kind of de-
probation results from imitation OF
currency. weakness OF government
political upheavalS, etc.
United States money, in the opinion
of some, is suffering slightly from
imitation; but the main depreciation In
purchasing power in America results
from the high cost of commodities
following increased demand and
lessened supply.
The paper money of some of the
nations of Europe has greatly depde-
ciated because of imitation This
money is much below the mint or
bullion value. Hence a dollar will
buy much more of that money than
formerly. This depreciation must be
carefully distinguished from bank ex-
change rates on foreign drafts the
latter now standing, say the pound
sterling at $3.50 instead of s4S6; the
franc 10h cents instead of 19 $40
cents; the lira has dropped from
10 $40 to Is cents; the guilder (florin)
from 40 cents to 37h cents. The
German. mark has dropped from
23 $40 cents to less than 2 II cents.
The commercial value of the Russian
ruble under soviet government is
probably nothing.
Practically each stable government
attempts to keep it's paper money
equal in value to the monetary unit
USUALLY gold). This is effective only
within the country of issue. While
the strong arm" of government is
able to bestow a fat value upon it's
own money to a limited extent, this
cannot be done with foreign exchange.
Depreciation from imitation causes
high prices and these high prices in
turn cause more imitation and strain
ing of credit. Thus we have the
vicious circle which is causing trouble
all over the world, intensified. of course.
by the war.
AS a remedy for some of these evils
there has been suggested an inter-
national currency backed by sufficient
gold, regulated By a league of nations,
and underwritten conformity by each
of the signatory nations.
THOMAS w. GILMER.
Evening star., 1920-01-11
STEEL DEMAND STILL
STRONG; IRON ADVANCES

NEW. YORK, January 10.-Demand
for steel continues greatly in excess
of supply. There is heavy accumula-
mage of finished steel awaiting place.
ment by the railroads. automobile
manufacturers, shipbuilders and fabri-
Gators. Within the week orders have
been placed with Chicago mills for
about 125,000 tons of rails and about
125,0O0 tons are waiting formal ac-
ceptance. Producers are sold up on
plates and sheets. and premiums of
$13 for finished steel have been paid.
Iron has advanced rather sharply
and is now firm at from 81 to 81 per
ton over last week. Practically no
free iron is available before the
second quarter and not much before
the second half. Production is not
keeping place with consumption. The
outturn during 1919 has been placed
at 30,5OO,O0O tons as against 3s.5Oo, 900
ir 1918. The output in December was
$500, ,00Q tons, compared with 3, 400, 900
tons in December. 1918.
Copper has been quite active since
the holidays on domestic and export
account. The market is quoted at
ter. though consumers could probably
buy at 19A cents in large lots and
business is believed to have been done
at 19 cents. For the second quarter
producers ask from 1914 cents to
20H cents as to quantity, but deal
ers are required to pay u cent above
these figures. Copper for export is
in demand and firm at 19A to 20
cents.
Lead is quiet because there is little
offering. The principal producers
quote cents, but have nothing to
offer for January. The outside mar
ket is firm at 8A cents. Demand ex-
ceeds supply.
Zinc is strong, England has been
a heavy buyer, but domestic con-
sumers have not been active. Dealers
ask $50 cents, East st. Louis.
Tin has been fairly active and has
fuctuated in conformity with Lon
don The present price is 81 cents for
prompt and 62k cents for shipments.
, Anthony continues strong at 10M
cents for wholesale lots.
Evening star., 1920-01-11
ASKSALL TO WEIGH
ON THRIFT SCALES

: weigh yourself on the thrift scales
on Benjamin Franklin's birthday and
then watch your. prosperity grow" is
the suggestion which the local ma
tional thrift week committee makes
to every Washingtonian.
The thrift scales. however. do not
weigh in pounds, but in these. ten
points: Working and earning"
carrying life insurance" having a
bank account" owning. home"
ernment securities spending by
budget" keeping track of expendi-
lures" paying bills promptly" and
sharing with others"
this scale is in good condition. the
committee believes, to win the finan-
cial race of life.
John Poole Advises.
"As a preliminary to profiting from
thrift week, January 11-24," said
John Poole, chairman of the local
committee. "every one should honest
ly determine what he really weighs
on the thrift scales. If he does not
weigh all ten points he should start in
at once to add weight to his financial
constitution. 1t is an excellent thing
for every one of us to stop and take
financial account of himself, and ma
tional thrift week affords an excel
lent opportunity for self-rating. We
hope that every one will spend an
evening or two in family council de-
termining just how much property
and money the family has. This should
be compared with the wealth of year
ago to find out whether the family
is getting ahead, staying still or fall
ing behind the game.
Next should come a footing up OF
earnings and an earnest EFFORT TO de-
termine how all money was used
whether for necessities, for worth
while purchases or savings, or Tor
needless and unsatisfying luxurles or
trifles. Most families will find that
surprisingly large amount of money
went to goodness only knows
where They will have no record OF
how the money went and VIII nave
nothing-not even pleasant recoliec-
tions-to show for it.
Then each group should decide lot
itself what expenditures were worth
working for. and what We're not worth
the work it took to provide the money,
continued Mr.. Poole. such a deter.
mination will give them good start
toward making a logical budget Tor
the future A budget is simply
spending and saving plan which
makes certain that income will be de-
voted to those things that are most
worth while, worth working hard 10
get. to do or to enjoy. Every iogicaf
budget provides for savings, life IN
surance. home ownership and othef
solid investment for future comfort
and efficiency.
Evening star., 1920-01-11
To the Editor Of The Star:

To the Editor OF Inc STAR:
The expression foreign exchange
is used to designate two separate and
distinct business transactions wn1ch
are often confused.
l. 1t means the profit or loss grow
ing out of the drawing and cashing
of check or draft drawn In one
country and payable in another coun-
Try This exchange consists virtually
q an adjustment whereby the DEBTS
existing between the citizens OF one
country and those of another country
are so far as possible made TO onset
Zach other without the actual ex-
c6ange of gold. When the debts owed
Ia one country (the debtor) exceed
those due from the other (the cred
itor) the balance of trade IS salo 10
be in favor of the latter country
sThe cost of such a TRANSACTION Is
made up in part of the bankers fees
and expenses. but mostly the cost de-
pends upon the balance OF trade De
tween the two countries lnVoiVed.
TRAITS payable in a creditor country
ale at premium because OF the
SCARCITY of offsetting debts owed by
tie citizens of the creditor country 10
the debtor country, which ultimately
results in actual transportation OF
bulIion to the creditor country to ad-
j9st the balance of trade.
- The expression foreign ex-
change" is also used to denote the
direct physical exchange of the money
OF one country for the money of an
other country. 1t is necessary 70
make this exchange because (Wltn
ylry few exceptions) the money OF
oiie country will not circulate in an
other country. The cost of this sort
of exchange is made up of the actual
cost of transporting the money to the
country where it will circulate ana
the fee of the banker or broker for
making the exchange. This cost has
nothing to do with the relative value
of the currencies of the two countries.
The latter depends in gold transac-
tiSns upon the bullion value of the
two coins. and in paper transaction
upon the degree of imitation. the
straining of credit, public opinion as
ton solvency. strength of government
etc. Each of the important countries
ofishe world Except China and lndo
China) uses the gold standard.
The mint or bullion values OF gold
coins always remain the same as long
as.rhey contain the same amount OF
pIire gold, a self-evident proposition
when il is remembered that gold IS
the standard of the world. war mas
no,effect on the relative bullion or IN
trinsic values of gold coins, but may
have a very great effect upon paper
m6hey. the value of which depends
Evening star., 1920-01-11
OIL STOCKS FEATURE
#OF THE CURB MARKET
Trading on Broad Street Shows In
.terest in Louisiana Field-Re-
mort on Iudustrials.

(F4om Financial Dept. of N. Y. Evening Post.l
NEW YORK. January 10.-There
wsre many important features to the
trading on the Broad street curb in
the past week, with most interest
aaions in stocks of companies hold
ing properties in the new Homer heid
Ing Louisiana. Official statements in
regard to the important developments
on it's properties made Gitliiand oll
prominent, that stock advancing from
52L to thefnew high of 6OR, with q
reaction to 5S. The preferred, on
which the initial quarterly dividend
of per cSnt was declared YESTERDAY
moved up from 107 to 120 and reacted
to 1151s Simms Petroleum was at
taeked by bear traders ON THURSDAY
a considerable line of shorts being
p,& out on a decline of 66, but yes
tesday it had a vigorous advance to
72es. The rights were traded in at
63 to 81. while oil was active, with
trsding at SO and AIN.
other Quotations.
General Asphalt moved up from 115
to.l3O. Houston Oil was a weak fea-
tule. dropping from Isl to 141: Carib
Syndicate. after the delivery OF the
neN certificates, sold down from 81 to
SEX There was vigorous buying OF
Daninion. which rose from 32A to
39s but reacted in the last two days
International Petroleum. after selling
q the new nigh of II, dropped to 81
Midwest Refining was also heavy
selling from 18O to 10. Phillips Pc
troleum rose from S312 to the new
high of Ss-
!, strength of Submarines.
a feature of the industrials was the
strength in Submarine Boat. in Whlcf
there was heavy trading from 141s to
J7iS, accompanied by reports that q
di ssidend will soon be declared on the
stock. Triangle Film was unusually
active, moving up from y to u. Great
ing an impression that the stock is t1
bel acquired by Famous Players.
Lasky. The Aeronautica1 Company OF
America. the successor OF WHgn'
Martin, .ranged from to A.
American Marconi moved up from
81. to 6ss. American Radiator Com
pany. new stock. sold at 80. Spicel
4 co. was traded in at 1O1 n to llO
and the preferred sold at ITO to ll3
Mont gomery Ward dropped from 4
to,3Sn. with a rally to 80. Genera
Motors sold at SO to "a.
There was a large business In min
ingt stocks during the week. with
slispIay of strength in number o
j+sties at the close. Nipissing. how
ever. was exceptionally heavy, falling
from 1926 to 11h. in spite of the ad
vance in the silver to 1.Si1s
Evening star., 1920-01-11
HOOVER TOLDNEEDS
. OF EUROPE RIGHTLY
Business London Thinks
Country Should Work.
SAYS Post Bureau.

fFrom Financial Dept Of n. Y. Evening PoslD
LONDON. January 10.-The city
considers that Herbert Hoover's state-
ment of Europe's credit needs. which
was evidently directed at interviews
given out in America by Sir George
Paish, was thoroughly justified. There
is intense irritation here over Sir
George Paish's tactics. Comment is
that he is evidently engaged in airing
pet ideas which were ventilated q
year ago at dinner given by Sir
Edward Holden. Incidentally, Sir
Georges ideas met with no encour.
agement from that practical banker.
Hoover's Admonition Timely.
Hoover's exhortation. as cabled to
this side, that Europe cease begging
and get to work fits the case as re-
CARDS France. England and. possibly.
Germany. Certain necessitous coun-
tries need aid. In other countries the
avaricious spirit rampant in labor
ranks takes the form of strikes for
higher wages and shorter hours. while
higher up in the scale the so-called
get-rich-quick policy encourages
speculation.
The flood of new capital creations
continues to be fairly well absorbed.
Future returns of the Bank of Eng
land will probably show a steady in
planation is that the Cunliffe currency
committees recommendation to CEN
tralize all the gold stores of the out
side banks at the Bank of England is
being acted upon. This will involve
the gradual addition of about G40.-
100000 to the central reserve. but of
coursetthe real strength of the posi-
tion viii be in no way increased.
Sees Gospel Of Work Proclaimed.
Yet, as showing how the contro-
versy RACES around the question of
a cheap or dear money policy, the up
holders of the former argue that the
bank rate should be lowered because
of the prospective addition to the
contral stock of gold. 1 have reason
to believe at present that the anti
infiationist policy is likely to prevail,
which should mean the continuance
of the present bank rate. with deter
mined efforts to check speculation and
proclaim the gospel of work.
There is growing feeling that the
only hope of checking the bolshevik
spirit throughout the world lies either
in a stronger suppression by the lead
ing governments of the revolt against
law and order, or in a genuine reli-
gious revival. This statement, while
startling, reflects not the opinions OF
excited politicians or religious fanat-
les, but the views of hard-headed
business men,
Evening star., 1920-01-11
Money and Exchange.

NEW YORK, January 10.-Mercantile
paper. per cent: sterling siXty-day bills,
.69h: commercial sixty-day bills on
banks, $685.; commercial sixty-day
bills, 3.69; demand, 3.73A; cables,
2 74ls. Francs, demand, 11.12; cables.
n ~ Guilders, demand, 37A: cables.
37N. Lire, demand, 13.42; cables. l3.4o
Marks. demand, 1.9S: cables. zoo.
bonds easy; railroad
bonds steady.
Evening star., 1920-01-11
Foreign Sales of Copper

NEW YORK. January l0.-Foreign
sales of copper in 1919 totaled nearly
275. 100000 pounds, it was estimated
today. This was only Is per cent OF
the total produced compared with q
normal export of 65 per cent. but
sales to other countries have increas-
ed SO rapidly in the last six months
dealers declare. that the MONTH,
average is likely to reach 60.oo0.0ot
rounds.
Evening star., 1920-01-11

sRESOURCES:
Coli 4 gold certificates
Coll settlement fund.
Y. X. Board .....
Coil with foreign sgen-
ctes .................
Evening star., 1920-01-11

year 1913 to date.
Evening star., 1920-01-11
STEEL TONNAGE INCREASES.
Untitled Orders on December 81 Pu1
at 8.265. 1866 Tons.

NEW. YORK, January 10.-Unfilled
orders of the Snited States Steel Cor
poration on December 81 were $685.
366 tons, according to the corpora
tion's monthly statement issued to-
day.
This is an increase Of 1.137,036 tons
compared with the orders on Novem-
Der %.
Evening star., 1920-01-11

Week. Range Of Prices, New York Stock Exchange



NY
r7aH
Evening star., 1920-01-11

The women of Spain are GENERALLY
credited with being the best d6eero
of any women in the world.
Evening star., 1920-01-11


potal gold held by
banks
Goh with +. X. agents
Gohi redemption fund.
rotal gold reserves.
Legal tender. notes,
silver, etc. .........
Total reserves -.
Bills discounted
Secured by govt. war
obligations ...-s
All other .........
Bills bought In open
market ....-..-.
sTotai bills on hand
u. :. govt. bonds.
L. =. victory notes..
L. -. ctfs- Of indebt :
Aila other Gaming assets
s1otal earning assets
rs nix premises .-
Uncollected items and
other deductions from
gross deposits ......
s., iredempt'n fund agt.
r. X. bank notes.
All other resources
Total resources go.
LIABILITIES:
Capital paid in.
Surplus .....--..-.
Government deposits. E.
Due to members-re-
serve account ......
Deferred availability
items .............
OIher deposits. includ-
ing foreign govern
ment credits.
Total gross deposits
=. X. notes in actual
circulation ..........
J.. X. bank notes in cir
cuiatiun-net liability
All other liabilities.
Total liabilities.
Ratio of total reserves
and +. X. note liab
Ratio of gold reserves Il
circulation after Sc
against net deposit
The log cabin Democrat., 1920-11-19
LOCAL WIS OBSERVE
 GENERAL PRAYER WEEK

The week of prayer set aside this week by the National Young Women S Christian Association has been ob- served at the State Normal School this week, officers of the cabinet con- ductlng prayer services each night Miss Rebecca Reid of St. Louis, stu dent secretary for the south central field of the association, arrived at the school yesterday. Miss Reid led the chapel service at the Normal this morning, and Saturday morning will be with the |. W. C. A. at Hendrix College. She will return to the Nor mai and remain there over Sunday. and leave for Galloway College at Searcy on Monday morning.
 Both student and college associa- tions are observing the week as one of fellowship and prayer, and the ser vices at the State Normal are said to have been especially helpful. Miss Reid, who has led the observance at a number of other associations this week, will assist the local cabinet in remaining services to be held.
The log cabin Democrat., 1920-11-19
$500 MORTGAGES USED
 ANNUALLY IN COUNTY

Faulkner county has slightly in- creasel the number of chattel and other mortgages used annually. ac- cordlng to Deputy Circuit Clerk J. E. Wofford, and the average now is about $500 each year. Mortgages were formerly recorded at the circuit clerks office just the same as deed put the process consumed too much tune, and change was made so that each document would be filed and it's contents noted in an index which would make ready reference easy, The cabinet used for filing has space for l5,000 documents, and about four and one-half years are required to fill it.
 After the cabinet is completely fill ed, the mortgages are removed and slowed away without any concise svs- tenn of filing. Any one of the number however, could be located with a small amount of search.