davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-11-03
MARKET IGNORED
ELECTION RESULTS
Sensational Bulge In Southern
Pacific Turned Tide OF
Values Up

New York. Nov. 3.--The excuse for
the failure of today's stock market to
respond to the Republican landslide at
the polls yesterday was that it had been
discounted. Instead of an exciting bulge,
the common experience following favor
able results in all previous presidential
campaigns, the greater part Of the prom
inent shares of both the industrial and
railroad divisions developed pronounced
weakness and there was a surprising
marking down the market values all
along the line during the morning ses-
sion. In the afternoon, however. much
of the lost ground was retrieved under
the stimulus of an exciting bulge in
Southern Pacific and Reading.
As a matter of fact, election results
were absolutely ignored as a bullish
factor. To the contrary, stocks were
generally in heavy supply, evidencing
q widespread disposition on the part OF
the market talent to take advantage Of
good news to reduce commitments. Un-
fortunately, too. many were apparently
quence, with the buying power very linn
tied, severe losses were sustained in
many issues, the greater weakness oc-
curing in the industrial division, and
more especially among those shares
known to be affected by the known
high priced inventories.
The only striking exception was the
heavy trading in Southern Pacific,
which made a sensational opening ad-
vance of points to 110h. This was
due to the announcement made on Mon
day after the closing, of the company's
intention to separate its oil properties
from the railroad system with substan-
tial benefits to shareholders. The con-
vertible 5s which are exchangeable into
stock at par until June 1924, moved
up 5& points to 40.
The stock maintained its leadership
throughout the morning, holding the
greater part of the gain despite heavy
selling for profits. Associated Oil, its
subsidiary, gained points. But other
oils reacted with the shipping, steel
and equipment shares and numerous
specia.t.es. Particular heaviness was
shown by Crucible Steel. United Fruit,
American Wooen, International Paper
and several of the 'eather issues, which
lost 3 to 9 points.
parently had spent it's force. There was
at least noticeable withdrawal of
pressure in various parts of the list,
but the market as a whole showed
feeble ralying power, which was partly
daceab!e to the maintenance of the high
money rates, with the relewal call rate
again fixed at % per cent.
Trading quieted perceptibly in the
afternoon, Southern Pacific and Royal
Dutch still standing out as the on
prominent issues of marked strength.
Coppcrs, motols and food shares con-
tinucd under professional pressure,
with spCcialties of the class represented
by Sears Roebuck and Montgomery
Ward.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-11-03
TRADING BROADER
IN LOCAL SHARES
Better absorption of Rapid
Transit-Wide Price Changes
in Specialties

Trading in the local shares was fairly
broad, but rather fiat. Price variations
except in few scattering inactive
stocks were unimportant and altogether
meaningless. although in some parts
OF the list the market disclosed much
better absorptive powers. The general
tone of the market indicated that
financial and specu ative interests had
discounted the results Of the presidential
election.
Dca 'ings in Philadelphia Rapid Tran
sit were more animated, which was un-
dOubtedly due to the heavy collections
made by the company with the intro
duction of the new fare system. The
stock, after being well taken at 1S,
moved up to 1875. The other utility
shares were given indifferent attention.
The Phi adclphia Electric shares con
tinued firm, while United Gas Improve
ment and Philadelphia Co. cumulative
preferred cased off fractiOna'ly.
1t was among the industrials in
which the wider price changes oc-
Cured. Electric Storage Battery, after
opening point higher at 122. eased
off to 119. J. B. Brill dropped back
y point to 80. while General Asphalt.
preferred, was off IN points from the
previous sale to 90.
Among the inactive shares, Northern
Central showed a gain of a point at 6S.
American Gas was up u, at 40H
while Pennsylvania Salt was unchanged
at 6S.
The railroads started out well, but
yielded, then rallied sharply in the last
hour in sympathy with the movement
in New York.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-11-03
MoNEY-LENpINa RATES

NEW YORK-Money on call, both
classes Of collateral. opened today at 0
per cent for lending and renewing.
The money market showed unabated
armness today, a reflection being found
n the advance In the Federal Reserve
rate at Atlanta.
Call money was In good demand at the
per cent renewal figure, but offerings OF
line funds were as nominal as hereto
ore. The firmness of call money con-
'inues to slacken the inquiry for prime
bank acceptances. Rates are unchanged
Mercantile paper Is slow at per cent
minimum and occasional transactions at
2A per cent
Further Withdrawals OF local deposits
w the Treasury Department are eX-
Dected this week. The prospect Is that
v the end of the month, or earlier. the
7ntire account remaining-about SEQ
100 000--will have been transferred to
Washington. on January 3, this year.
he deposits were as high as S3ll ,664, 900
PHILADELPHIA--C 6 per cent
time, per cent commercial paper three
TO six months, @ per cent
(Note-These are merely nominal quo
tations, as the legal rate Of interest in
the state OF Pennsylvania is fixed at 9
pre- cent Plus premiums and commits
SION, time money for thirty TO ninety
days Is loaned at 8 to Sa per cent, while
&C mmercal paper, from three to six
months, is being offered at s to 8h per
cent?
LONDON-Money Is quoted at ~ per
cent. Discount ratesi short bills 8 ~ per
cent; three month bills 6A per cent.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-11-03
FOREIGN EXCHANGE

New York. Nov. 3-Compared with
the final figures on Monday, foreign tx-
change markets opened strong for
sterling at gains Of hc to S.44A for de-
exchanges were weak without exception.
Quo ations were:
Franc cables 6.2s, checks 627; lire
cables s.65. checks 3.e4; Swiss cables
sO45, checks 3o.S5; .peseta cables 1885.
checks, 1888: Stockholm cables 1875
checks 1920; Christiania cables 13.45,
checks 1896; Copenhagen cables 1850.
checks 1850; b lgian cables 6.64. checks
663. Marks were ~ points lower. at
127.
BY the end of the first hour Of busl-
ness, sterling had reacted NC from the
opening, to 3.43h for demand and 3.44H
FOR cables. Francs were down CEN
times further to 6.24 for cables and 623
down to 3.ss for cables and s.67 for
checks Belglans lost centimes at 8 SO
for cables and 6.6l for checks. Marks
were unchanged at 1.27.
Premium on New York Exchange In
Montreal today was "a lower at 1oA per
cent. Discount in New York on Montreal
'unds was a shade lower at 11-32 per
cent.
Central European exchange showed
slight improvements over Monday.
Czecho-Slovakla gained about 10 points
to 1926; Jugo- -Savia showed a gain Of
points to 83 Polish marks rose 3 to .35 .
Roumanian improved 10 points to 1.72
and Finland was quoted a shade lower
at 2,40. Russian rubles declined points
to .0005.
MONDAYS FINAL QUOTATIONS
Sterling Francs Lire Gui'ders
cSSpe. RrTand " s4s$ s4s$ Ssi Ssi sSS55 g. sS:sS g
ToDAY's OPENING QUOTATIONS
Sterling Francs Lire Gullders
Demand. 3.44k 027 9,6+ O.45
Cables....... 3.45 6.2S 3.85 80, As
NOON QUOTATIONS.
Sterling Francs Lire Guilders
Demand. 3.43b 0.25 8.6i 49,,
Cables..... 8.43H 820 3.85 "
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-11-03

WHEELING AND LAKE ERIE
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-11-03
pnILADELrHIA-Call, 8 per cenr

LONDON--Money Is quoted at Az per
cent: three month bills on per cent
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-11-03
BANK CLEARINGS
RAILROAD EARNINGS

CHICAGO AND NORTHWESTERN
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-11-03

900 bales in excess of year ago. Ex-
ports were 22,009 bales, iuclud.ng u, =
633 to Great Britain and AGO to the
continent. Total exports thus far for
the season have been LAT ,134 bales,
compared with 1,0S2, 40 bales for the
COrrespOnding neriOd last sensnn.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-11-03
BAR SILVER

Domestic bar silver was unchanged In
1%c. at s2hc, In London the price was
lhd higher. at SAID. 0~
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Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1920-05-27
Greek Ancona.

Ancona, ancient port of the Adrl-
attic, built by the Greeks of Syracuse
about $50 B. c., is just the place
where finds, such as are announced,
might be expected. The very name
Ancona is the Greek word for elbow,
given to the port because of the shape
of it's harbOr. And now, after cen
turtles, peasants in the. fields. have
come across some wonderful painted
vases dating from the grand age OF
Greek art. Escaping the destruction
inflicted by the Goths and the Longa-
bards, these treasures had lain buried
in the earth until the shovel of
peasant brought them to light. An
coma is as important now as she ever
was having been during the great
war, the base of the italian navy. She
has had her accommodation enlarged
within the last few months by the
building of a quay which has been
given the name of Captain F'ryatt.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1920-05-27
cling party in st. Marys Hall Thurs

cling party in st. Mary's Hall Thurs
day evening.
Mrs. Albert Rahm of Milwaukee
has been spending few days at
the home of her son Arthur Rahm.
Mrs. Fred Branger returned Thurs
day from a visit with her sister Mrs.
j. P. Weier in Ridgeway. She was
accompanied by Miss Marion and
Walter Weier and Raymond Toay.
A large number of young people
of this city attended the Junior
Prom in Darlington Friday evening.
Frank Gardener and two daugh-
tiers of Linden visited at the home
Of Mr.. and Mrs. Uriah Gardiner Fri
day.
Miss Margaret Schaumberg, teach
er Of the Kendalltown school, closed
a successful erm of teaching Thurs
day with a much enjoyed all day
picnic.
Mr.. and Mrs. John Nc Dermott are
moving into the home on the south
side, which they purchased recently
from George Thrasher.
Will Nc Neill returned last week
from visit with his sister Mrs. w.
E. Vickerman in LeWistown, Mon
tana
Mrs. Thomas Sleep and daughter
Ethel returned Friday from a visit
with her daughter Mrs. Allan God
frey in Willow Springs.
Miss Elizabeth Davis, teacher in
Argyle, is spending a summer vaca-
ton at the home of her parents, Mr.
and Mrs. w. J. Davis.
Milton Treweek entertained six
friends with a supper at the home of
his parents, Mr.. and Mrs. Charles
Treweek Wednesday,.
Misses Margaret and Rozella
Schaumberg left Friday to visit Mr.
and Mrs. Patrick Nc Quaid and fam
lily in Darlington.
Lawrence McDermott attended the
funeral of his aunt Mrs. Margaret
Reilly in Ridgeway Monday.
Roger Davis, Misses Kathryn Da-
Wis, Mildred Scott, and Vivian Boy
den called on friends in Argyle Fri
day
Supt. E. A. Vieth transacted bus
mess in Chicago the fore part of last
week
N. J. Kieffer was a business caller
in Madison Friday.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1920-05-27
TREES IN DESERT OF SAHARA
Besides the Palm, There Is Said to Be
Many Varieties, Also Forage
Plants and Shrubs.

Besides the palm tree, which re-
quires rather large sheet Of water,
various other sorts Of trees are found
in the Sahara aside from numerous
shrubs and tamarisks, principally the
rubber tree and the ethel, variety
of the tamarisk. In the southern Sa-
hara the DOumOr Egyptian palm is
found: it does not bear fruit, but the
trunk and branches serve various pur-
poses. The Apir possesses other ar
borescent species-nOtably mimOsas Of
all sorts in the most unpromising re-
gions. Foureau believes that wooded
plateaus will exist.
The Sahara contains a number of
forage plants and shrubs. 1t was on
these that the caravans pastured,
and that even the 1,20O or 1900
camels Of the Foureau-Lamy eXpedi-
ton and its auxiliary conveys sue
ceeded in sustaining themselves.
Tt must not be forgotten that we
are speaking here of spontaneous
vegetation, which grows without de-
handing help or labor from man. It
is, therefore, an incOntestable fact
that these pasture lands are capable
Of a certain degree Of improvement,
provided there is an initial establish
ment Of roads of communication. This
Improvement can be attained by the
selection Of the best grasses, forage
plants and arbOreScent species. Ac-
cOrding to MeSsrs. L. Trabut and r.
Mares, the Saharan plants are very
remarkable in their adaptation to a
dry climate and a salty earth. The
date tree is adapted to those Saharan
regions, which are we'll provided with
water; beneath the date trees cultiva-
ton of the kitchen garden is very
we'll developed. In the GASES are found
the fig free, the apricot, the peach and
the grape Agriculture succeeds we'll
in the GASES of the North as at Biska.
The cultivated cereals are barley,
wheat, sorghum aud millet; lucerne
is the forage plant of the oasis. 1t is
of very beautiful variety, with wide
leaves and seems very resistant to
salt Industrial cultivation is now
confined to few plants, such as mad
der and variety of tobacco used for
snuff.-Scientific American.
Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1920-05-27
ESTIMATING AGE of Moon.

Geological dates can hardly be very
precise yet Prof. w. II. Pickering
seeks to reconcile Sir George DarWin's
view that the moon was thrown off
from the earth less than 100000
years ago with the figures of rock stu
dents showing that the earth's crust
became sOlidified at least 1000, 900, 900
years ago. Professor Pickering's sug-
gestion, as stated in Popular Astron-
Omy, is that the moon was detached
while the earth material was still
sufficiently plastic, but that for ages
it circulated around the earth as a
cloud of fragments. The tidal influ-
ence of this cloud being small, the
earth would have long retained its
primitive rotation period of about four
hours. Centrifugal force would have
greatly reduced gravity in the tropics,
making it possible to explain the eX-
istence of reptiles of such huge size
as the AtlantOsaurus and the D1plodo-
Gus, and the flight of such heavy rep
tiles as the PterOdactylS. 1t seems in
Dictated that the fragments consolidate
ed in the Cretaceous period, which was
marked by a great invasion of the land
by the sea and a tremendous volcanic
activity that may have been due to the
great tides raised while the young
moon was so near the earth. This
time of consolidation is found to agree
fairly we'll with Darwin's calculation
of the date of the moons birth.