davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
TONE OF OPENING
MARKET CONFIDENT
More Interest Shown in Rail-
road Shares--lndependent
Steel Issues Prominent

New York, May 5.--Trading was
again in relatively light volume and
eminently professional in todsy's stock
market. Interest continued to center to
large extent in the pool issues. al
though wider inquiry was noted for
the railroad shares. This was traveable
to the request of the country's trans
portation lines for Increased freight
rates, which would add more than bill.
lion dollars to their revenues il granted
The market, however. as the day pro-
gressed proved to be thin both ways and
the fluctuations indicated mainly the
cross currents of the buying and sell.
ing of the professional contingent.
The least resistance apparently was
encountered on the upward swings. yet
the advances, except in few scattering
closely held pool issues, lacked the snap
attending recent dealings. Call money
opened | per cent under yesterdays $
initial rate at { per cent. and the re-
ports of the heavy influx of funds from
the interior was confirmed in the abund.
ance of call money offered at that rate
The more urgent liquidation of the
Liberty Bonds also seemed to have spen,
its force and most Of the war issues
was appreciably better.
Despite these more favorable elements
tinct halting tendency. which was ac-
centuated by the extreme dulIness which
developed in either swing prices. For
this suspended animation there were
| several explanations. One the generally
recognized strained credit situation and
the other a certain degree of apprehen-
sion felt concerning the proposed tax
legislation. While in better informed
| circles there is a confident feeling many
OF the radical measures will be pigeon
| holed. yet the sensational bills being
offered by the ''vot hunting congress ..
sion is causing more or less uneasinCss
in the financial world.
In the early dealings stocks were in
talrly active demand for short covering
purposes, and 1t was the buying of this
sort which supplied the main impulse
for the continuation of the recovery
movement. Yesterdays favorites is
sues. particularly independent steel
shares, also such specialtics as Bald
win Locomotive, Atlantic Gulf and West
Indies and International Paper were |
| to points higher. Prices reacted to
points soon after the opening. the re.
rersal embracing General Motors. Re
| plogle and Bethlehem Steels and Studc
baker. The selling probably was in e
duced in part by announcement that the
| prominence of Replogle was to form the
basis of an investigation by the ex
change. Losses were soon overcome,
General Motors extending its gain to
over % points. while Cruciblc. Studc-
bak ker, American Woolen, Atlantic Gulf
! United Fruit and other leaders made ex
treme gains of > 10 6 points. The ad
vance Of rails was we'll sustained on
further buying of high grade and low .
priced shares
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
LOCAL DEALINGS
on SMALL scale
initial Prices ShOwed Litle
Change From Last Nights
Closing Lercl

There was a pronounced contraction
OF dealings in the local market at the
opening and with little change made
in prices from last nights closing level.
In most of the local stocks the initial
transactions were made up of small
odd lots, the only noteworthy exception
being Lake Superior Corporation, which
seemed to have better support, rally =
ing to 15&. an overnight gain of Il
and about 81 above the low price
touched on Monday
United Gas Improvement continued
firm at 46ls with little stock. how
ever, changing hands. American Gas
held at ~ on light transactions. Phila
delphia Electric held at 2412. while
Philadelphia Rapid Transit cased on
i to 22E Insurance Co. Of North
America old stock and receipts (S1o)
paid. were steadier.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
NEW YORK COFFEE MARKET

New York, May 5.--An easier un .
dertone developed in the local coffee
market with call prices 3 to o points
below last nights closing figures.
1t is believed that yesterdays ad-
vance fully discounted the frmncss
shown in theRio market and this morn
ing Wall street sold. Other orders
came from trade houses. Commission
houses bought.
:. Trading, after the call, dragged along
with little interest shown on either side,
the trade assuming waiting attitude
Less pressure has been noted in Rio
and early cables reported an advance
of 200 reis.
Importers had private adyices from
Brasil asserting that the crops there
will be earlier than usual. This fea :
ture may account for the. recent offer
ings for future shipment at low prices.
Local operators are not looking for
an active. market here with outside
speculation in coffee absent, due TO the
unsettled financial conditions.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
FOREIGN EXCHANGE

New York, May 5.--Nominal opening
quotations allowed the European eX-
changes irregular,
Quotations were:
Demand sterling 3.S3A cables 3.Sf,
off Y cent; franc cables sos cents per
franc; checks 604: lire cables ass
cents per lire. checks Ass; Belgian ca
bles 6.47 per franc. checks 6.46; Swiss
cables l7.7l per franc, checks 1855;
cables II. checks 1898; Stockholm ca
bles 2l.20, checks 2l:05;' Christiania
cables 1916, checks 10; Copenhagen
cables 1906, checks 1896 marks So
sterling was quiet and firm In the
late forenoon. Demand was a,S5 y
cables S.s4Fs franc cables SOS Ioqul-
vaIent 1850 francs per dollar) checks
| sos; lire cables 4.56 equivalent 2l'9u
| lire per doilar) marks, 1872
Tho long standing premium OF ArRch
tine exchange was reversed 70 a
premium on the New York dollar II
! Argentine when the rate went TO lo3io
| Parity for the New York dollar II
| Argentine gold il 1885.
TopAY.s OPENING QUOTATIONS.
| Sterling Francs liro GuldsI'
Demand w 9S3L 1904 s1hh 9s%
| On bias ... 3A '6,05 H,5B 36ia
| 'Conts per franc and lire
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
Liverpool Cotton

Liverpool, May 5.--only a small bust
ness was done in spot cotton today,
with prices showing hardening tens
dency on the basis of an advance OF .
points for middling to 25,9Sd, The salsb
we're 5000 bales There were no re-
ceipts FUTURES were dull in the early
dealings, Spot prices were; AmsLiesn
as1ad fully middling ~. lSd; middln4.
AZ sd low uaiddling. e2.ksdi good ordi-
nary. Is. ssd.. and srdinefy. tassA
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
DIVIDENDS DECLARED

STANDARD oil OF California, extra Of 81
and quarterly OF s2.bp, payable June IS tC
stock Of record May Is.
Lanston Monotype Machine Co, quarterly
OF ~ per cent, payable May 81 10 stock
holders OF record May 81.
hartman Corp, Quarterly Of 1%- per cent
payable Juns I TO stock of record May is
American Tobacco Co, guaftsrly OF d per
record May IS. y
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
Raw Sugars Steady and Unchanged d

New York. May 5,--The market for
changed as 10 price with sales Of small
quantities of Cubas for May and June
shipment reported on Tuesday at 1872
cents C. |. T., and small amounts of full
duty paid sugars at lSk cents C. l. r..
Yesterday consisted OF $4,000 bags
Cubaa consigned to the Federal Sugar
Refining 60. The local refined market
Is unchanged both as to condition and
DriCpa
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
MISCELLANEOUS
Reserve Banks Discount Rates

Official discount rates at the twelve
Federal Reserve banks were as follows:
tThe first column gives rates for all
periods up to and including fifteen
day maturity, the second for a period
OF sixteen 10 ninety days, Tho third
and fourth columns give the rates or
discounts of collateral loans secured by
government bonds or notes)
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
,,vEsTock QUOTATIONS.

rl,..sgse Ny svsl sHH9sRs1,P's Hsss,, 4 sSqc
Rsssy sss yorseTs. sieeeqls tSi light yorseiS
sisl{sSsslls' is,l{Sssl Rsb nffgaahhssS nff.ggaahhssS&H.e.,p,., aoo
head Waykst lower, Ton sheen, sis; top
'sccsSIJ hss.ivss. sso had n.rs.,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
BANK CLEARlNGS

Bank clearlngs today compared with cor
responding day last two yss9Sass' ,,,s
Ph,a .,ss. .e6s i2e s73, ass's5J $50 Gss, 81
Boston 6S, 1870 5l,973,66s A6'liG io2
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
aroun Shoe Pays stock Dividend

New York. May b,-rhs Brown shoe
Co has declared a stock dividend Of
SO lis, Per cent on the eowmon stock
RsssesS ss sesuisI sS quar- sSusrtsriy Sividsnd Of per
cant on common stock, payable June
IA stock OF record May e0'
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
moNeY.LENp,NG RATES


NEW YORR-Money on call, both
classes Of collateral, opened today at 7
PHILADELPHIA-C 6 per cent ;
time per cent; commercial paper,
three to six months, 9 per cent.
INota-These are merely nominal quo
tations, as the legal rate Of interest in
the state Of Pennaylvania 10 ixed at .
per cent Plus premium, and commits
sion, time money, foE tn'rsy 10 Ssr nins,y G"Ni
willie eommerciai paper, from three 10
ak months, is being discounted at 7 and
7A Der cent?
I0NDoN-Money is quoted at 4m
ner cent plsoount rates, short and
three months bills, 6& per cent. o..
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
t bonds or notes, }
Com'l pa per
IA IN No

Rates on outstanding certificates OF
Indebtedness continue unchanged at 8
per cent. with the exception OF Minne-
apolis, where the rate Is ~ rer cent.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
GRAIN MARKET

Chicago, May 5.,-Buying. power was
limited in the corn pit this morning
after an irregular start, May selling az
A new high mark at the immediate out
set, while distant positions were lower
The entire market became weaker
Nearly all commission houses had
selling orders for deferred futures ai
the beginning Of business and II seemed
that the short interest had been elm e
mated. On the decline, some resting
orders TO buy were reached. The re-
CENTS here today were fifteen cars.
MAY opened at 81 1914 to 81 ,S3 and
LATER sold at net decline of ssc. al
Il SO July started at 81 80 to l.6Sla
against 10 at the end yesterday sne
iater sold mt 81 .6S1a. September was
quoted at 81. 81 to 81 .60H at the out,
set and later sold at a net loss OF &c, al
81 80. .ou,. -
oots nv commission houses and tn
market was weaker. with demand lack
ing Trade was fairly active. The re
coipts here today were sixteen cars.
Receipts of wheat here today wer'
! four ears.
Lesdins futures ra"ssfac sfacs.:.sS Z: sS',iI%sj; Inns
Corn tnsw dsliYSfsTTS'Ii.w aoSS 10 ~. aiSs.. siSs:
M; - f';s i:s Ejss i::s fE$ff:g. E:$$ f:g. II:iss'
MAJ 1,Ss :, r,ss. nSss 81 ''Ssa 'SSiiss Sis ''SSsH
n,IS FIork-ssss $40 aS.aS sSaO $3.50
,nk f@rd-so so.so soS5 saB aoas 1910
! JoIy Els'-- .,sag ,s4a isT .issa 'is,.s
~
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
Bar Gold Higher In London

Lenden. May 6.--Bar gold was quoted
AT to7s.' I'd Per flne ounce today, com
pared with fo7s "a psr ilhs ouSes yes
terday n
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05

The annual report of the Kennecott
Copper Corporation showed a surplus OF
Stl6,S7l, equivalent 10 sixteen cents q
share earned on the 2,7S7,07s shares Of
no par value stock as compared with
S2.B0 a share earned In the preceding
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05
Financial Briefs

The average price of twenty active
Industrial stocks advanced 0.2+ per
cent yesterday to Sf:27, while twenty
726S
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05

The time for depositing the Pitts.
burkh, Chicago and st. Louis Railroad
stock under the terms of the offer made
by the Pennsylvania Co. has been eX-
tended to May 80
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05

Tho New York Subtreasury lost S576.-
900 10 the banks yesterday reducing the
cash net gain since Friday to S2533,000
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05

For the quarter ended March 81
American Hide and Leather reports Z
surplus equal to SlIs3 n share on tn,
preferred stock. as compared with si.7:
a share In the corresponding quarter
last year.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-05

True Jor our rCCoBtm sIiddttoHS
81 Preferred Stocks tUtth such
provisions, yielding OUsr sqo.
The evening world., 1920-11-15

Six becoming models three illustrated
II Is indeed dinary find rocks Of twill back
tn. other has cun.nsy frilled guinpe of natural pom
Gee The three hlodes illustrated will give idea
Of III, uvcnie YET ..dsh styles, all trimmed with hand
-.ub. Jdcy in brightly colored woSteds, soft vevey
IN. ..llI or ustUuo silks Additional touches, small
ie h-. flowers seoyrtte ue' around neck and sleeves
aNAss xhura furthe do ,inctiVe. Size IA years.
In Brown, Btock, Nary aud Burgundy
On SuLe Tomorrow
ThIrd h1,.r. Areet.
The evening world., 1920-11-15

Attention!

AtfonfiOnt At this when public s
prices, think poi
makes srasmodie cnerap
For sold dependable merchandise a
/ 10
The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-03-24
GARRETT URGED FOR
DELECATE-AT-LARCE
Movement Started In Tennes-
see Meets Hearty Response
In Washington.

washington. March 2t,--tspeciai.)
News comes from many localities
in Tennessee that leading democrats
and personal friends are urging the
name OF Congressman Finis J. Car.
rett, OF the Ninth district for one
Of the delegates from the state-at-
large to the democratic national con-
vention at San Francisco. This pro.
posAl !1nds hearty approval In all
circles here. Apart from being rec
ognized an one OF the soupdest ana
ableet democratic leaders In either
house Of congress, It II agreed that
his ripe experience and wide knowl-
edge Of present day affairs and conr
ditions the country over viii enable
Mr.. Garrett TO render particularly
valuable service Ia the. party couas
ellis AZ San Francisco, which Will De
90 much needed at this important
stage.
II II known here, ss II ts known
also 70 many democrats in Tennes.
see who have initiated this movement
In his behalf, that Mr.. Garrett,
deeply sppreclating the high conpli-
ment implied by this suggestion OF
his name, IL faverably disposed 10
the candidacy already set in motion
back home and viii be glad thus to
serve the party OF the state and ma
ton should the coming democratic
state convention 20 decree.
The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-03-24
FEAR AND REASON
BY Or. FRANK CRANE.
Copyright. 1920. By Frank crane2


afraid catch cold stand
locomotive Life preserved BY such
redhot
their rearguaFds Of terror Every
MIND
with coroy Of and loss and rational people ought
to
democrat
Is healthy afraid OF
afraid pro-
dus growth manly be afraid TO be happy q 70
instead OF
right II stun and makes him childish.
ell
tHs AulusA
premonitions the worst ,-..,.- ~,rro.. q.
Of we al rsa1
wife depressed IA ssf S ane
pnspanu
friend horrible dream o. July ana assr ass4sss 'AS ~
Now wiz al this dream business ano fsor st bss no
TO lneuse W no nas
be both happier snd wiser
OF prenpopttions
helps they DO not tor US % ne. eoss he
misfortune Ano W0ups
heart and brain unfossd oy ns uoH'
Of dread
The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-03-24
HAMILTON COUNTY
COUNCIL TO MEET
Agriculturists Gather satur.
day to Discuss Matters OF
Importance.

The Hamilton County Council OF Ag-
rculture will meet in the ciubroom OF
the courthouse Saturday morning,
March IN, at 1890. The membership
in this organization now totals eighty
one men and women. At the present
time a membership COMMITTEES u work
and II is expected thar a considerable
increase IN membership will be shown
at the meeting Saturday. At the last
meeting 1t was voted to make this or
ganization a permanent one.
The officers serving at the present
time are; II. A, Downey, OF sale Creek,
chairman. and Use Moore, OF Shepherd,
secretary and treasurer. The other d.
rectors are Swingle, Of Hixson; J. u:
smith, OF Tyner: ]. T. Davidson o.
shepherd: Walter Lamon, OF East
Chattanooga; Mrs. Shaclyleford. Chatta-
nooga; Mrs. Dennis Corbly, OF Shep-
herd; w. A. McLain, Of Mountain
Creek; J.. n. n. Lowry, OF Chattanooga
owen Moore, of Shepherd II. Moss. Of
East Chattanooga, and Mr.. Allen.
The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-03-24
MOOD Volunteered WELL


Senator Poindexter Ia one OF the
republicans who has been opposed
not only 20 the league Of nations but
to all trafhc with Europe, In his
debate with Gen. Leonard Wood al
Sioux Falls, s. D., he expressed his
disapproval OF the recent gift by con-
gress OF 500. 100000 to Europe. With
strong irony he contrasted congress
easy generosity 70 Europe with its
niggardlineBs about giving pension
70 the widow OF q wounded soldier.
He said there were plenty OF ways
TO spend that money In America. He
enumerated the ways and most OF
them were calculated TO appeal to
local prejudices. He said that money
could be spent here at home in build
ing roads. in irrigating dry prairies,
in finishing the Alaska railroad. In
providing farms for returned sol.
diers--all Of the things that the west
wants. Mark sullivan tells how Gen.
Wood answered him;
"This happened to come Just at the
close OF one OF Senator Poindexter's
periods, ana Gen. Wood came for
ward to take his turn. With .
brusqueness that was close TO anger,
he said TO the audience, Irefuse 70 be-
lieve that you are expecting disap-
prevail OF o Christian act. II you are,
you are not at TO be Americans. Are
you people going to deny food ana
clothing TO starving Europe2 II you
are, you are unit to live under the
American dag
Instantly the audienes came out
with tense and prolonged applause
II had been, on the generals part an
utterance OF honest and spontaneous
Indignation. In his circumstances u
called for courage. II showed that
while the occasion might be joint
debate. It was not, 10 far - the gen.
eral was concerned, q contest IN pop
uiarity, q competition IN winning the
favor OF the audience, or, u II WA
such q competition, he was wiiline
10 risk losing It In order TO SHOW
his honest feelings and express them
| forcefuiiy, and the audience, reeog-
nizing the courage and honesty oil
the act. instantaneously gave the
general the greatest burst OF applause
Of the evening"
All credit 70 Gen. Wood for refus-
ing to show o similar nsrrowness. Al
the way through In this debate hs
Indicated that be was q man with
broader vision than the senator
whose ono plank In his platform
seems TO be that the United States
shall draw itself In It's shell. II
expressing honest indignation against
anyone 30 narrow and cruel he viii
strike a response IN the heart o.
every humane American.
The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-03-24
TRuTH COMING OUT.

Developments In that navy con-
trovsrsy are proceeding very much
an many persons suspected they
would. The worm has turned. Ad-
miraI sims is natly oontradicted by
those he has quoted, among them
Gen. Tasker II. Bliss. Senator Glass
and two or three congressman have
heretofore already properly charac-
terized his invidious attacks. Daily
the adrniral's peck-snifiin attitude
becomes more apparent.
Perhaps the American navy did
not achieve everything hoped for.
n 1t did not, It is within the bounds
Of probability that It's handicap lay
In its having as It's chief representa-
tive abroad an officer who was cons
tinuaily at cross purposes with HE
superiors. This officer wanted our
navy administered from London In
stead Of washington. He wanted our
troops used simply as recruits OF
British army units. And because he
could not have his way. he has been
pouting ever since.
The sore toed admiral. In his de-
sire for revenge upon Secretary Dam
iels, does not hesitate to Islander his
country and belittle it's efforts He
boldly charges II with responsibility
for the loss of 100000 lives, 100000
tons OF shipping and sSo.Ooo,ooo,ooo
OF treasured Tho plain inference OF
hla stories is that the American cams
paign In France was breaking down,
and that had the Germans not given
way, Pershing would have been
forced TO retreat.
His remarks to oongresamer, Wis
iting the front in Europe. showed
quite clearly that the admiral was
busy upon his propaganda against
the plans OF his country even while
hossiiIties were in progress. Instead
OF making his recommendations and
then Loyalty and heartily following
| instructions. he was sowing the seedi
OF discord and disparaging American
initiative and efficiency among oui
allies. He viii probably yet be shown
up in his true colors.
The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-03-24
BIG ATTENDANCE
PROMISED G. 0. P.

Knoxville, March 2t.-The republican
state convention 10 be held at Chatta-
nooga April IL will be the largest In
the history Of the party In Tennessee,
according 70 Hal II. Clements. OF Knox
vile, republican state chairman.
Chairman Clements has issued . call
to all members Of the state executive
committee to meet in Chattanooga on
Monday. April 10. The object Of the
meeting is 10 formulate a temporary
roll call Of the convention TO meet the
following wednesday. and 20 transact
such other preconvention business "a
can be dispatched on that date.
On the day before the convention the
women's committee win meet in the
convention hall, and VIII Hays. repun-
lican national chairman, Will deliver ar
address TO this committee. The wom-
ems committee has Mrs, II. NJ. Beasley,
Of Nashville a. chairman, Knoxville
and Knox county win be REPRESENTED Al
The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-03-24


THE outstanding fact IL that the
Great effort 70 organize the world on
the basis OF peace has been de-
stroyed and brought 20 neught ny
men who were unable TO rise above
the lowest level OF partisan poll
tics. Men who might have been SUP
posed 20 have some vision have been
swayed by the smallest motives ana
have utterly failed 20 see the vast
issues that we're involved. The ma
ton has been Inundated In the ayes
OF the world, and almost set in an
taxonisn 20 It's friends and ASSOC
clates ia the war, Peace yet waits,
ana everything is left uncertain ano
unsettled. The heart OF the worio
may not be broken, but the heart o.
America has been saddened.
The only ones who rejoice are tne
,rreconeilables. who were opposed 70
any peace treaty. They have won
Mir. Lodge may not At the nrst nave
been IN favor OF the treaty. but
toward the last be ala seem to make
an honest EFFORT for the passage Of
the resolution. His early attitude
WITH the presidents later attitude
together proved too much Tor the
! treaty.