davidaulloa/AmericanStories huggingface dataset:
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1920-03-18
A sziberiai foglyok
Vas&rnap es hetf0n orszagos gyiij-
tss. - A Nagybizottsag ertekez-
lete.

Vasarnap es hetfon amerika-
szerte minden magyarlakta helyen
gviijtenek a sziberiai foglyok ha-
1aszallitasanak k0ltsegeire. A
gyiijtesre felhivast az Amerikai
Magyar Sz0vetseg bocsatotta XII.
Macy 0sszegckct kell osszegyiijte-
nj, hogy az Amerikai Vor0s Ke-
reszt utjan megszabadithassuk
!Sinjaiktol AIT a 20 ezer hadifog-
.yot, akik most Vladivosztok es
k6rnyekan varjak a szabadulast
i,ietve a koltseget, mely fedezze
hazaszallittatasukat.
Youngstown es kornyekc utto-
r3k voltak a sziberiai mozgalom-
ban. Most sem maradunk maid
81. A nagybizottsag tagjainal
vannak gyiijt6konyvek, a temp
lomokban lesznek nagybizottsagi
tagok, akik atveszik az adoma-
nyokat. A lelkipasztorok crr6l
fognak predikalni vasarnap. Ado
nanyokat elfogad es nyugtaz az
Amcrikai Magyar Hirlap szerkesz-
tSsege, 800 West Federal street,
Mih6k Sander, Szabadsag iro-
,laiaban, 336 West Federal street
Is Ress Testverek youngstown,
,syalamint.east youngstowni Hzle-
teiben. A nagybizottsagi szibe-
rial alapban, amelyb6i 1000 dol
lart meg az 6sszel elkiildtiink a
dan kovetseg utjan, jelenleg ko.
eel / ezer dollar van ismet, ezt
ere celra forditjuk.
A nagybizottsagi tisztvisel6k
megbeszelest tartottak szerdan es-
te a Kossuth k0rben videki ak
ci6t illetSleg. A megbeszelesen
resztvett Shamu Gy0gy kozismert
sharoni iizletember is. A tiszti.
kar elhatarozta, hogy szivesen al.
lit 0ssze kitiino miisoros hangver
senyt a Sharon, Farrell es ,Sharps
vile kornyeki magyarsagnak.
Ennek a tervnek megbeszelesert
a shsroni lelkipasztorok es egyle.
ii elnok0k nagybizottsag kikil.
dottjeivel ertekezni fognak j3vt
heten. A hangversenyt aprili'
18-ra tervezik. Ugyancsak sz6bs
kerGlt egy hangverseny rendezest
East Youngstownban is, EFT ter
vet reszfetesen a nagybizottsae
legk0zelebbi gyiilesen beszelil
| meg. A narciusi iinnepelyen be
folyt $373.8O-b6l sziberiai alap
hoz csatoltatott Bartha Peter
ajandeka $15. Kiadas volt $24.
50. a nagybizotsag peztarabs
utaltatott $34.30 es az A1nerika
Magyar S70vetsegnek 5000.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1920-03-18
TANC

A Kossuth kor helyisegben
szombaton este "Nemzetk0zi
Tame lesz. Boyle kitiin6 tame
zenekara szolgaltatja maid a re.
net. Beleptidij ferfiaknak so
cent. n6knek ingyen. Ruhatar
15 cent Az este fenypontja egy
walcer verseny lesz, melyre rem
dcz0 ket dijat tiizott XII.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1920-03-18

tagjai 359 dollar es 50 centet sza
moltak 0ssze.
Az adomanyozok nevsora a ko-
vetkez6:
25 donart adott: Barta Peter,
1900 Salt Spring Road.
10 dollart adott: Gene Gabor
es Liberty Raisin Co., Rosen-
berg Gyula tulajdonos.
SIS dollart adtak., Macy Pi-
ter, Demeny Istvan, Keszler Ven.
del EAST Youngstown), Tor0k
Ferenc. Bubla Janos Hubbard,
o., Nemcth Ferenc, Szab6 Ka,
roly. Szalay JOSEF, Molnar La
JOS, Bakos Sandorne, DIR. Pessen-
lehner Antalne, Batory Peterne,
Zola A. (Struthers. o.
% dollart adtak: Molnar I'm
dertaking Co., Szab6 Janos, Vi
laky Gyorgy, Matyas JOSEF IE.
Youngstown, o.. Kish Andras,
10th Laios. Csepke Lajos, Cs6pke
Balazs (E. Youngstown, o., Be
nish Andras, G.. V. Hamory, Ga
ietzky Mikl6s (E. Youngstown,
Ohio.
Ii doliart adtak: Balask6
Gyorgy. Geressy Sandor, n. ~,
Brogly Ignac, Koran Janos, Kan
tor Peter, Mrs. Vasko. Belenszky
Janosne, Zambo Janos, Feher Ist-
van, Sztupar A. J6zsef, Hajdu
Ilona, Molnar JOSEF, K0ll6s Od0n.
Rati JOSEF. Hes 1stvan, Macy
Peter, Som Tmre, kovacs Mihaly,
Jambrik Istvan, Friedman San
dor, Bogdany Gabi, 1sacso .Jano<,
Koyacs Mary, Zambori Tstvan.
Ond6 Tstvan, Bors Cornel, Penka
Lajos, n. ~, Szaday Benjamin
ne, Mihok Sandor, Jarabik 10
zsef, ozv. Markovits Peterne, Va
io Mihaly, Kolozsvary JOSEF,
Omeisz Karoly, Varga Janos, Ia
kacs Istvan, Lutheran Janos,
Friedman S., Lasz6 Istvan. Kol-
lar Andras, Horvath~ Antal, End
rody Cornel pittsburgh, Pa.).
Olah Gy0rgy, Szilagyi Tstvan
Palay JOSEF. Fermendzsin Janos
Lengyel Andras, Tomanics
Gy0rgy, Rendes Andras, Baloef
JOSEF, Mark6 VasiIie, Vask0 Fe
rene, Balla Karoly, krok Beni
! Menyhert JOSEF, Mike Pal (Nilcs
o., Juhos JOSEF (Niles, o., Ze
lena JOSEF, ifj. Dupeza Antal, n
: n, es a k0vetkez6 east youngs
town. lakosok: Redovay Janos
Muranyi J6zsef, Sztanko JOSEF
i'd. Kiss Samuel, Micske Zsigmond
Kelemen Pal, Boroczky Pal, Kan
tor Daniel, Tomory Istvan, Bo
rocky JOSEF
f! $3.50 centet adtak: Szalay J6
j zsefne, Vincze Mihalyne, Gilak
; Janos es N. Y.
Ezen felsorolt 0sszegek a koper.
! takban voltak, mig a t0bbi penz
a bejar6nal folyt be.
Youngstown magyarsaga ismet
kitett magaert es megmutatta az
amerikai magyarsagnak, hogy
I. hogyan es mint kell csclekedni.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1920-03-18
W T1vADAR
ELUTAZOTT

Hamory Tivadar, kozismert
namory Gustav bankar fla, a he
Ten utazott Franciaorszagon at
Magyarorszagba, hogy edes apja
hankhazat OFT kepviselje es hogy
s7amos amerikai megbizotast oft
el:ntezzen.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1920-03-18

Sander batyjanak. A fiilbemasz6
dallamu szerzemeny nagyon tet-
szett a kozonsegnek, a mely "a
josan megtapsolta az eload6t.
Jenkins bir6 beszede utan &C.
renday Laszl6ne iilt le a zongora-
hoz es sajat kiserete mellett egy
regi kuruc n6tat .enekelt ell pom
pasan cseng6, tiszta sep hang
jan. Vege-hossza mem volt
tapsnak, amely csak akkor tilt ell,
amikor Varlaky Sander r6mai-
katholikus plebancs allott dobo-
CORA. I,elkesit3, hatasos szep be-
szedet tartott a Szovetseg erdeke-
ben es bebizonyitotta, hogy a
Sz0vetsegre minden amerikai ma
gyarnak sziiksege van. Az els
,neres tapsaibol bowen kijutott
Varlaky plebanesnak, a XII utan a
Kossuth K6r dalardaja, Babinsz-
ky Andras karnagy vezetese mel
lett, nehany magyar n6tat enekelt
ell meglepo egyiittesben. Zugott
taps es ICY a raaiasb6l is kiju-
tott, aminek a kozSnseg nagyon
oriilt, inert alig tudott betelni a
derak dalardistak pompas, ossze-
vag6 es szabatosan el6adott enek-
szamaival.
A k0vetkez6 szamot Gerenday
Laszld, kolt6i lelkii reformatus
lelk6sz foglalta le, p kit lesna-
gyobb csendben haigattak meg.
Magas szarnyalasu lelkesito, til
yes beszede magisal ragadott
mindenkit es ICY fsAheto, hogy az
Iiinnepeltetesbol h .lSivettesa
reszet. Geressy J6zsefne sep ma
gyar ruhaba .olt0zye tancolta ct
ezutan a magyar sz6lot Rig6 ze-
nekaranak kiserete mellett. Iga-
zan kar, hogy keves ideig tancolt,
inert a k0z0nsegnek nagyon tet-
szett : szepen ellejtett tame.
Ifj. Sera Gabor lepte meg e.
utan a koz0nseget egy sajat seer
zemenyG versenek elszavalasaval.
A pompas es hatasos verset la
punk mas helyen kozoljuk. Sera
Gabor ugyes es bator szaval6, a
kinek fellepeset zajos tapsokkal
honoraltak. Demjen Lajos enc
kelt ezutan egy regi kuruc ma.
gyar n6tat az 3 pompasan csengG
tiszta basszus hangjan, mely
szinte nagyon tetszett a koz0n-
segnek.
Mih6k Sander tartotta a zar6-
! beszedet. Tuzes, lelkesito es han
gulatos beszedenek megvolt a
hatasa. Az iinerely q Sz6zat ell
eneklesevel ert veget.
A pompas iinepi miisor nagyon
tetszett kozonsegnek, a mely
nagyon meg volt elsgedve es szi-
vesen adomanyozott a bejaratnal
Balask6 Gy0rgynek es Bende
Gyorgynek ruhaiukra tiizott kis
szalasokert, dacara annak, hogy
mem volt beleptidij. Ugyancsak
szepen megteltek adomanynyal az
iinnepely folyaman kiosztott kis
kovertak is, ugy, hogy az iinne-
pely vegeztevel a Nagyizottsag
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1920-03-18

Melt6sagteljes, lclkes es benso-
seges iinnepe volt a magyarsag
max no 14-en, vasarnap delutan
a Kossuth Korben, hol marcus
Idusanak evfordulojat iinnepelte
meg nagytermet sziniiltig meg
t0lt6 k0zonseg.
| Harom ora volt, amikor Ba-
lasko Gyorgy, a Nagybizottsag
aleln0ke megnyitotta az iinne-
pelyt, a mely az amerikai es ma
gyar Hymnusz eleneklesevel kez-
dod0tt. A miisor szamokat Ne
menyi Mikl6s, a Nagybizottsag tit
karja jelentette be es els6nek DIR.
Pessenlehner Antalt, az Amerikai
Magyar Sz0vetseg titkarjat mu-
tatta be a koz0nsegnek, mely-
mex Soraiban Fred Warnock pol
garmester es David J. Jenkins BIZ
70 is helyet foglaltak. DR.. Pes
senlehner angol nyelven magya-
.razta meg a nap jelent6seget, rea
mutatva ARA, hogy a bekeszerzo-
des milyen serelmeket jelcnt a
magyarsagra nezve. Hatasos es
pompas ervekkel fiiszerezett be-
szedet nihai Roosevelt Tivadar
azon angolnyelvii nyilatkozatanak
felolvasasaval fejezte be, a mely-
ben Roosevelt legnagyobb ellis
meres hangjan nyilatkozik ma
gyar nepr6l es magyar kultura-
r0l.
Fred Warnock polgarmester
volt a k0vetkez0 sz6nok, aki ellis
meressel nyilatkozott a magya-
rokr6l es q magyar tortenelemben
tval6 jartassagat igazo1o 6kfejtes-
sci hangsnlyozta, hogy a magyar
nep szabadsagszereto fai, mely
evszazadokon keresztiil a keresz-
tenyseg es a kultura harcosa volt.
Zugo tapsok jutalmaztak a be-
! szedet, melynek vegeztevel Jen-
kins bir6 lepett p6diumra.
Jenkins bir6 a Borsod megyei
Nadasd kozsegben .art egy evig
!skolaba es annak idejen jol tudott
magyarul. Most is sokat megert,
de beszelni mem tud. Icy tehat
angolul besZelt, de a nit mondott,
azt olyan meggy6z6dessel es sze-
retettel mondta, hogy k0z0nseg
nem gyozott eleget tapsolni nep-
Szerii bir6nak. "Partolom en- is
| Nemzetek Ligajat, de olyant, a
melyben minden egyes neinzet
benne van,' mondta a bir6 Is
bar mem vaeyok jos, megis meg
vagyok gy6z6dve arr6l, hogy a
mai bekeszerzodes csak ideigle-
nes jellegii es magyarok egy-ket
ev mulva olyan uj bekeszerzodest
kapnak, melylyel meg lesznek
elegedve." A k6zonseg tiintetd
lelkesedessel unnepelte a magyar
, arzesii sz6kimond6 derek hir6t.
! Az ut6bbi ket angol nyelvii be-
szed k0zott Mih6k Sandorne, fer
| jenek zongorakiserete mellett,
elenekelte DIR. Mih6k Ern6 azon
zeneszerzemenyet, a melyet a
Krasznojarszkban sinyl6d6 Geza
lapitany 0cscsenek ajanlott 6s a
melyet a napokban kuldott idle
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1920-03-18
VERHOVAY 10s
Rendkiviili gyiiles lesz szombaton
este.

Felhiviuk a Verhovay egylet
to8-ik fiokjanak tagjait, hogy
u alapszabalyok ertelmeben el-
~endelt, marcus 20-an, szomba-
on este het 6rakor megkezd6do
~endkiviili gyiilesre okvetlenii'
iclenjenek meg reformatus
.eyhaz gyiiisstermsben. A gyii-
lss targya:
l. Jegyz0 valasztas.
2. A konvenci6 ele keriilo
iigyek megvitatasa.
8. Az alapszahaly m6dositasoh
megbeszelGss.
4. Deleg&tus v4lasztas.
Debr6cElky AndY4a elnSk
Hoffer Andras, titkar.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1920-03-18
Szita Jozsef
hirtelen halala
Osszeesett az utcan es azonn2l
meghalt. - Szivbajat allit6liag
egy ellene intezett tamadas mer-
gesitette ell.

i
let, salfai Szita J6zsefet. A sze-
rencsetlen ember, aki halalava1
ozvegyet es ket Ris gyermeket bo-
rita gyaszba, eppen varta sha-
roni villamost, hogy Early roadon
fekv0 lakasara menjen. amikor
Szive felmondotta a sZolgalatot.
Az East Federal streeten jaroke-
l6k lattak. amint megtantorodik
as a k0vezetre roskad. Odarohan-
tax hozza, de mar mem segithet-
tex rata. Par perc mulva jottek
a rendorok es Virag rendor, aki
ielenleg patrolon teljesit szol-
galatnt, gyorsan Scent Erzsebet
<orhazba hajtatott, de az Orovo-
sok csak beallott halalt allapit-
hattak meo. Peli Ferenc magyar
apit6 vallalkoz6 volt egyike az
ols6knek, aki Szita segelyere sic
,Iett. DorzsGlte kezet. de hiaba.
o mem ismerte Szitat. A k0rhazbol
Orr halottas kamrajaba vittek az
ilete delen elhunyt magyart, mig
Virag rendor, aki latasb6l isnler-
re Szitat, ertesitette szerkeszt6n-
ket, hogv csaladdal tudassa
szomoru esemenyt Ez megt0r-
tent es egy 6raval kes6bb Szitane,
aki yacsorara yarta haza urat, a
halottas kamra hidge marvany
asztalan latta viszont urat. Szita-
ne fivere, Ii Saranac avenuen
axe Szloboda. Mihaly hnxta l1ezlS
varosba Szitanet.
Salfai Szita JOSEF regi bara-
nyai nemesi csalad leszarmazott-
ia volt. PEGS k0zeleben sziiletett
43 evvel ezelott es Pecsett newell
kedett. Odahaza is bankhiVatal-
1ok volt es tobb 'baranyai sz0vet-
'Sezetben es bankban foglalt veze.
to allast, addig, mig nyolc svvel
'zelGtt elvette az amerikai szifle-
ffsii Szloboda Etelt. akivel otthou
'smerkedett meg. Youngstownba
hat evvel ezel6tt jolt Szita csa-
'ad Szita sok ideig Hamory
Gustav Phelps street, bank kiaban
mint penztarnok -iizletvezet0 mil
kod0tt. Kesobb Tod Cemetery
Association konyvel6je lett Is ko-
riilbeliil masfel 6vvel ezel5tt lepett
| a Dollar Bank szolgalataba Cson-
des, elozekeny, szorgalmas ember
volt es hirtelen halalanak hire
nemcsak megd0bbentette konega-
it es ismeroseit. de igazi gyaszt
okoZott.
Felesegen xviii ket gyermeket,
6 ewes Edwardot es a 4 ewes .Ju-
lat hagyta arvan Szita. Az g.
hazaban ket fivere, Istvan es La
JOS veszik maid korai halala hiret.
Szitat penteken delutan temetik.
/ Temeteset a magyar Molnar I'm.
lertaking company rendezi. Mt.
Gerenday I.aszlo fog officialni es
4 szerencsetlen magyar embert q
Tod temet6ben fogjak or0k nyu-
ralomra helyezni.
! ErdekeS megiegyezni. hogy Szi-.
a eros SYLVIA lat egy ellene mint
'gv ket tvvel intezett tamadasnak
'udta be- Ugyanis osszeveszett
volt hazigazdaiaval es amikor
| Nita el6bbi lakasab6l kik0lt0zott,
neg a berleti szerz6des leiafasa
lott. yissZament egves elfeleitett
1olgokert A hazigazda. egy ne
net ember. megtamadta Is kappa
val agyba-f6be verte, ugy, hogy
Szita hetekig az agyat nyomts es
q uagy izgalomt6l sziybajt kapott.
Szita karerites6rt. beperelte i me
metet Is bir6sae decemberbep
$500 kartentfst itelt ueki miu-
tap ~ eskudtek nyeic cF-us szak-
frto vtlem&uyft hsllsstt&k reg.
Az iigy jelenies felebbezss alatt
all.
The Washington herald., 1920-02-12
GRAIN AND PROVISIONS
CONTINUE TO ADVANCE

'hIcago. Feb. 11.-Wesk early
'he corn market soon raFrcd
streng'h today on buying bv shorts
ana investors. The trade was big
fluctuations were sharp. and rest
ihG-spots for the day showed ad-
Nahces. February was 4l-2 cents
hlSher; March. 3 IL to 33-4 cents.
ana september was up 2l-S cents
Many unconfirmed rumors were
ahoat' among them being one that
the farmers will not sell their corn
at the present prices and that some
country dealers have refused 10
take the cars rendered.
Cash corn advanced to cents
and the strongest interests in The
Country led the buying. Mar..r,.-
turcrs of corn products were the
heaviest buyers of the cash. sales
OF that grain amounting to lOO, 900
bushels
Covering by shorts was the prin-
Cipal aid to the rye marka., which
was to , cents higher. Strength
in the cash rye and barley helped
tic futures OF both grains.
The oats market had a stroay
undertone, prices advancing lis
to SIS cents. Premiums for this
grain were 1-2 TO "a cents higher.
Buying in the oats market was led
by feeders.
Hog products. in sympathy with
the grain markets. were strong, sd-
vances OF so to so cents in pork,
- cents in lard. and 10 cents in
ribs being recorded. The volume
Cf trade was small ami ma My IN
the way Of evening up by p,"res-
slonals. Cash trade was quic:.
Chicago Board Of Trade prices on grain
and provisions yesterday were:
The Washington herald., 1920-02-12
WASHINGTON RAILWAY
DEFERS PREFERRED DIV

The following statement was is
sued by the Washington Railway
and Electric Company yesterday:
At a meeting of the board of di-
rectors of the Washington Railway
and Electric Company, held today.
it was the unanimous conclusion of
the board that the present financial
situation of the company is such as
to make IT imperative that no action
be taken at this time on the semi
annual dividend on the preferred
stock, one-half of which is payable
March 1, and the balance on June /.
This dividend is not being earned
because of insufficient rates and
until relief Is granted 1t has seem
ed to the board necessary to con-
serve the cash resources of the COM
pany as being in the best interests
of the stockholders and the public
AS dividends on the preferred
stock are cumulative, holders of
said stock will suffer no ultimate
less IL the company receives the
relief To- which It IL justly entitled.
The Washington herald., 1920-02-12
WALL STREETS CREDIT
SYSTEM MAY BE REVISED

y good deal of publicity was
given yesterday in the financial
district to a report that a revision
of-Wsll Streets credit system is IN
der contemplation in banking quar-
ters- Bankers yesterday made lit
tie comment on the report of an
impending revision of the system,
some denying knowledge of such a
develop Ient. The story that went
the rounds of the district was to
the effect that a plan under con-
temptation considered fixing the re-
newal rate on Stock Exchange call
loans the day before. Those spon-
sorinE such a change claim that it
would eliminate the uncertainty
that ordinarily prevails in the
stock market for an hour and a
half after the opening each day be-
fore the renewal rate is estab-
lished.
As things are now the renewal
rate is made at 80. A change
such as is advocated in some quar-
ters would fix the renewal rate for
the following day at the close of
the day before. 1t was also re-
ported in the Street that call loans
are being made by some banks
which are not strictly caIlabIe-in
other words, the borrower is as
sured the loan will not be called
for two or three days, and is
charged 1 per cent above the mar
ket rate for the accommodation.
The Washington herald., 1920-02-12
BANK EXPANDS
FOREIGN DEPT.
Security Savings and Com
mercial Buys Addi-
tional Space.
STOCK CHANGES HANDS
Former Interests Sell Hold
ings and Sever Con-
nectlons.
STOCK CHANGES HANDS

The Security Savings and CONNER
cial Bank. 701 Ninth street northwest.
announced yesterday the purchase OF
the two two-story business buildings
Just north OF the bank on Ninth street.
The ground floors of the two struc-
lures will house the new department
of foreign exchange contemplated by
the bank. and extensive remodeling
OF the buildings will 'be begun soon.
The purchase was announced in
connection with the transfer of the
large holdings of George r. Lincoln,
active vice president of the bank, and
two other directors to Julius Peyser.
president: Fred Mckee. vice presi-
dent, and their associates. Seven hun
dred shares at 500 a share changed
hands, IL was stated.
The resignation of the three Si-
rectors who have sold their holdings.
George r. Linkins. William II. Lin
kins and Charles w. Darr, were &C.
cepted yesterday at a meeting Of the
board OF directors.
George r. Linkins yesterday stated
That the release OF his holdings and
thoss OF his brother are the result
OF their intention to re-enter the
real estate business, in which they
were engaged prior to their connec-
ton with the bank.
Associated with Mr.. Peyser in the
purchase are George II. Judd. Town
ley A. Mckee. Sidney W. Straus and
IL. Thilman Hendricks.
+. q. Addison. jr. was elected IN
succeed Mr.. Linkins in the adminis.
tratIon Of the bank, at the meeting
or the board of directors. Success
Sors 10 the retiring directors will be
chosen at a later meeting.
The Washington herald., 1920-02-12
LOWER CAN EARNINGS DUE
TO GOVERNMENT ACCOUNT

The American Can Company last
year earned a surplus, after charges
and Federal taxes. OF Ss.1So.sas.
equivalent. after the deduction Of :
per cent preferred dividends. to IS. 80
share. 500 part, earned on the
IS4l.233.3oo common stock. compared
with s6,o0o,327. or s7.55 a share. il
1915.
Net earnings in 1919 were sIl.-
72s,75s, a falling of Of s5.3lT.677
from the preceding year. Bond in
terest aggregated S54s.535. a decline
Of S26.975. Federal taxes were cut
almost in half. being placed at So
100000. against s7,OOO.OoO in the
| year before. After depreciation of
S2,O0o,oOo had been deducted. bal
ance available for preferred divi-
dends was S5,1S0.225, a decrease Of
sS20,6o2 from the previous year.
Surplus. after preferred dividend
disbursements, was S2.293,Ss4. To
that amount previous balance Of
IS19,536.4ol was added. bringing the
profit and loss surplus TO S2l.sSO.2sS.
In his annual report to stockhold-
ers T. S. Wheeler, president, said:
Contracts with the United States
I Government for munitions, TO which
reference was made in the 1918 TO
unforeseen delays, and no earnings
/ from that source can be included in
the 1919 statement. These claims
and accounts are now ready for final
adjustment. and should be settled in
the near future. When this occurs.
there should be a reasonable profit
TO he included in 1920.
"AlI obligations for borrowed
money were paid of in 1919. and the
payable accounts comprise only cur
rent business items. There is shown
on hand S5.537.lll cash and invest
ments of s7,O53.S69. including Sc
o0o.O 900 United States government
81, per cent Victory notes. Because
of the steel strike. inventories were
unduIy reduced by the end Of 1919.
and il will he necessary to replenish
stocks for normal, as well as usual.
seasonable requirements. To care
for the compaAs requirements IL
I will he necessary to borrow some
money for the 1920 year.
There has been no decline IN
commodity prices affecting tn" com
pany's business. but rather the ro-
verse, and il must he borne in mind
that under these conditions work ing
capital requirements are ahnormally
large.
I In the last annual report il was
stated that tho hearing OF tho gov
ernment appeal from the decree ~
/ the United States District Court do
nying it's petition for the dissolu-
tion Of your company under the
Sherman act had been continued un-
It'll the next session of the Supreme
Court. No date has yet been fixed
for the argument OF this case"
George g. McMurty was elected a
director OF the company. succeeding
the late James Mclean. Other re-
tirinE directors were reelected In
tho absence of President Wheeler.
Vice President Phelps presided.
The Washington herald., 1920-02-12

RUNS RAMPANT
Turnover Reaches Nearly
Million and Half Shares
As Values Drop.
BUYING SIDE DESERTED
Pessimism Increases as
Buyers Refuse to Enter
Market.

New York. Feb. lion a turnover
which amounted to nearly l,So'V"
shares, prices of stocks broke Sharply
again today under heavy onerlnss.
The downward movement was IN iuli
swing when the session closed. leaV-
ing quotations around the lowest
level for the day and at the lowest
figures for the year. Several stocks.
particularly those selling between ~
and so a share touched the lowest
prices in their history. The weakness
was so pronounced at the end OF
business that brokers expressed be-
lief that a lower range OF quota
tIons would probably be witnessed
At no time during the session was
there a display OF strength open
ing prices were irregular with most
Issues showing declines from the pre-
vious closing. Professional bear trad
ers. learning that there were rev
buying orders under the market i'm
mediately started to offer shares all
around the room and succeeded in
causing substantial recessions. Around
noon the industrial issues developed
resistance and the fire of the bear
operators was directed into the rail-
road department, where high class
ISSUES llke oOulUGAh II 1OAAAS anu
Pacific declined from to points
on the lowest prices for this year.
short covering caused a slight re-
bound from the low figures OF the
forenoon. but in the last hour the
general market had a second spell of
weakness in which the lowest levels
were reached.
General Motors was at the head of
the declining column and at one time
changed hands thirteen points under
the high for the day.
Brokers reported that notwithstand
ing the favorable news OF the last two
days their customers refused to pur-
chase stocks. Call money was again
offered at s per cent News from
Washington was that the United
States government would probably
ask the courts for an injunction re-
straininS the railroad workers from
striking and expectations were that
the peace treaty would be ratified
this month. All these favorable in
huences. however. seemed to be dis
regarded in the making of prices for
securities.
In view OF the favorable news the
action of the market was extremely
disappointing to persons who have
been taking the constructive side.