davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1921-12-09
STILL DESTRnYEn

An S0-gallon galvanized moonshine still, together with approximately $50 gallons of mash and a small quantity of liquor, was destroyed yesterday by Deputies J. F. Dowis and ]. A. Hilliard from the sherlff's office in raid three and a half miles south of Aldrich village.
 No arrests were made as the outfit was not in operation at the time of the raid. According to the of flcers the still was an underground affair, being set up in dugout in the ground the top of which was covered with brush and leaves
The Birmingham age-herald., 1921-12-09
ROBBERY REPORTED

show window of the Green -Ro- senbaum clothing store. 1908 Third avenue, north, was broken yesterday morning and several articles stolen, according to police reports. The manager of the store, v. Maril. stated yesterday afternoon that several valuable furs were among the articles taken.
 At an early hour this morning no clue as to who the robbers were had been found.
The Birmingham age-herald., 1921-12-09
CONSENT JuDGMEYT TAKEN

Consent judgment for S1. 1000 in fla vor of s. A. Mckee against the Bir- mingham Tidewater Railway com pany for personal injuries, was en- tered in Judge c. B. Smiths dfvi- sion of circuit court yesterday aft ernoon.
 According to the allegations of the original complaint. which claimed $5,000 as damages, the plaintiff had his back injured and was otherwise seriously hurt November 13, 1918, while passenger of the defendant company, when the car on which le was riding collided with another street car.
The Birmingham age-herald., 1921-12-09
COLLEGE LAW CLASS
 TO GIVE BANQUET

Annual mid-winter banquet of the Birmingha college law class will be held in the private din- ing room of the Hillman hotel to- night, beginning at 7;S0. Addresses will be delivered by Judge F. H. Cabaniss, H. F. Reese of Selma and Lieut.-Gov. Nathan L. Miller. There are approximately S5 members of the class, 1t is stated, and in addition to members a number of alumni of for mer years will be in attendance.
The Birmingham age-herald., 1921-12-09
PROGRESSIVE FARMERS
 TO MEET ALL-STAR TEAM

Bowlers of the Progressive Farmer outfit will compete against & picked team at the Birmingham alleys to- night, the pin-smashers staging three games, with the competition to get under way at o'clock. Sake Larney announces that no admission Is being charged to these match game affairs.
 The two squads will use the follow ing line-ups
 Progressive Farmer.H. R. Roy, J. $. McQuiston, Louis Mulach, Brown and Ashby.
 All-Stars-Ray Bolton, Risler, c. G. Reems, H. A. Lester and Ed Stone.
The Birmingham age-herald., 1921-12-09
MACCABEE LADIES
 WILL HAVE BAZAAR

Another pretty Christmas bazaar is to be given.
 It will be put on by Birmingham Review No. 25 Of the womans Bene- fit association of the Maccabees, and will be at Hills Fourth avenue store Monday December 12.
 Mrs. Pearl Winter, who announces the bazaar, says:
 All members who will are asked to donate. If you will give, please telephone West End 202-W.
The Birmingham age-herald., 1921-12-09
BROTHERHOOD CLASS
 TO GIVE BANQUET

Losers in the Fountain Heights Brotherhood class of the Fountain Heights Methodist church will ban quet winners of the membership con test at 7;SO o'clock in the church par lors tonight, Following a campaign in which 21 new members were se- cured.
 Men of the losing side will wait on the tables. There will be "a pro- gram with music. M. C. Abbott 8 team was winner in the contest and W. c. Howells team was the loser.
The Birmingham age-herald., 1921-12-09
NORTH BIRMINGHAM TO APPOINT COMMITTEE

With the slogan of we Do Things" as their motto. the North Birmingham Civic league will meet tonight at 7:3o o'clock at the Wood man hall over Walkers drug store.
 One of the important questions to come before the league at this meet ing is the appointment of a commit tee to represent North Birmingham as an advisory committee to meet with the board of city commissioners from time to time and inform them of the needs of the community.
The Birmingham age-herald., 1921-12-09
NEGRo CoNvICTEp

Afford Oden. negro, was found guilty of manslaughter by jury in Judge Harrington Heflin's court yes terday, and sentenced to Is years in the penitentiary. He Is alleged to have killed Will Alexander. negro. The case was on trial yesterday and verdict was reached last night.
The Birmingham age-herald., 1921-12-09
 MARRIAGE LICENSES

Marriage licenses were issued in probate court yesterday to the fol- lowing:
 Joseph Homer Alexander and Miss Lucille A. Smith. ter.
 D. J. O'Connell and Miss Eloise Davis.
 Paul W. Townes and Miss Ellen Frances Gibbons.
The Birmingham age-herald., 1921-12-09
OPPOSES CONCERT

|. Attention of W. B. Cloe. commits sioner of public safety, has been called to the enforcement of Sun day laws in letter from Hugh Ellis, with special reference to the concert of John Mccormack billed at local theatre on Sunday, December IS.
The Birmingham age-herald., 1921-12-09
Philip Hardesty Hand-Funeral SC

Philip Hardesty Hand-Funeral serv- ices for Philip Hardesty Hand. who died at 5:45 o'clock yesterday after. noon at his home, 1915 Second ave- nue, West End, will be held from the residence this afternoon at 2:3o o'clock. He is survived by his widow. several sisters and brothers in Ohio, and a nephew, John N. Hand of Woodlawn. The funeral services will be conducted by Rev. . J. M. Broadly and the following vii, act as pallbearers: Active: M. C.. Thomas, T. w. Garner, c. D Barr. w. M Tidwell. l. l.. Mathis, o. S. Finch. Honorary: w. M Cosby, J. W. Blankenship. w. F. Tyler, II. D. Breeding, B. c. Morgan, E. P. Lewis. and w. l.. Kemp. The body will be sent to Huntsville tomorrow for burial, with Ridout in charge
The Birmingham age-herald., 1921-12-09
TO INVESTIGATE VERNON DEATH

of Revice w. Vernon, who died at the Ensley inflrmary. early yesterday morning as a result of injuries sus- tained September [. when a motor- cycle on which he was riding in Ems ley was struck by a truck, will be held by Coroner J. D. Russum Sat- urday morning.
The Birmingham age-herald., 1921-12-09
DIR. STUART DUE TO-DAY

pr. George R. Stuart, pastor of the First Methodist church. will resume his pulpit Sunday, morning and even ing after a brief visit to Lake Juna- luska, N. C., for rest He will re- turn to Birmingham today.
The Birmingham age-herald., 1921-12-09

skirt with soft rubber tube which we use in preference to hickory to prevent the bringing of blood. Mon day afternoon her brother. Joe Dick ey, came to my office and told me he intended to kill me for whipping his sister. He then assaulted me with a round billet of steel, giving me three blows on the head and rendering me unconscious. A trustees meeting was held later and resolutions were passed sustaining my action in whip ping the girl"
 No date for tho trial has been set.
The Birmingham age-herald., 1921-12-09

Mrs. Laura 0ates-Funeral. services for Mrs. Laura Oates, 25. who died at a local infirmary Wednesday, will be held from Johns chapel this morning at 10 o'clock. Burial will take place in Elmwood
The Birmingham age-herald., 1921-12-09
c. M. OLIVER GIVEN
 FAREWELL BANQUET

c. M, Oliver, for the past IS months religious secretary of the Y. M. c. A, was rendered a farewell banquet at the Hillman hotel at o'clock last night.
 Mir. Oliver has accepted a post as industrial secretary of the Y. M. c. A.. at Laurel, Miss, and will leave within the next week to take up his new duties.
 The banquet was given him by members of the "Y" Bible class, of which Mir. Oliver was teacher.
 No successor has yet been appoint cd in Mir. 0liver's place at the local association.
The Birmingham age-herald., 1921-12-09
Gladys Evelyn PyIe-Th,

Gladys Evelyn PyIe-The body of Gladys Evelyn Pyle, 8, who died at local infirmary Wednesday was sent by Johns yesterday to Smith field, Ky, for burial She is sur vived by her parents, Mr and Mrs. George l.. Pyle, 1411 Fifteenth ave- nue, south.
The Birmingham age-herald., 1921-12-09
DEATHS

Floyd M. Eddington-The remains of Floyd M. Eddington, IS. who died at local infirmary' Tuesday night, were sent last night to Indianapo- lis, Ind, by Lige Loy. Funeral services and interment will occur In Indianapolis.
The Birmingham age-herald., 1921-12-09
Mrs. Charity Williams Ste

hIrs. Onartty Wti1ams Stein-NewS $ was received in the city yesterday telling of the death of Mrs. Chari- ty Williams Stein at her home, S5 Russell street, Rochester, IN Y. She is survived by her husband, a son and a sister.
The Birmingham age-herald., 1921-12-09
Mrs. Mary Bozeman-The bod,

Mrs. Mary Bozeman-The body of Mrs. Mary Bozeman, 63, who died at her home at 101 Mill Village. Avon dale, Wednesday, will be sent this morning to Cordova for burial with Johns in charge. Funeral services were held from the late residence yesterday afternoon.
The Birmingham age-herald., 1921-12-09

Charles Abertar-Funeral services for Charles Abertar. 40, who died last night at aIocal infirmary, will be held this afternoon at 2:30 o'clock in Ridout's chapel. Inter- ment will take place in Knesseth Israel cemetery with Ridout in charge. He is survived by his widow and one son, Joe Abertar.
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11
ndiente Dedicado los nereses del Pueblo Hspano- Amer
ILUS|ONES IH|STOR|CAS
LA VERDAD IDESNUDA.
Para La Revista de Taos.

Todo ell mundo cree que sa5e
que ell descubrimieno de America
por Colon cost0 fabuIosas sumas.
Fl bonito cuento de que la Reina
Isabel don6 sus joyas ahora esta
comprobado que era una illusion,
El Nueva York Sun dice.
"El costo del descubrimiento de
America por Colon. cost6 POGO
mas que $1,000 dolares, la fabu-
la antigua de que Ia Reina Isabel
sacrifice inumerables joyas, no obs
tante. Dos de los tres barcos que
hicieron ell maravilloso viaje, ell
Pinto y el Nina, fueron Capita
neados por dos hermanos, Martin
y Vicente Pinzon, y ellos pagaron
todos los gastos de los dos barcos,
ademas de haber dado ell n1mero
de los hombres necesarios. Los
libros de cuentas de los Pinzones
muestran que Colon. en- su capaci-
dad de Comandante, resibi6 1,500
pesetas al afo. o sean como $500
dolares, Los marineros recibieron
la magnifca suma de $3.50 por
mes 0 sean como ocho centavos al
dia.
Los cafiones para los tres barcos
costaron 14,000 pesetas, o 10 que
costaria en- la actuahdad tirar I'm
solo caiionazo de uno de los cafio-
mes modernos, mientras que todo
el ajuar y oficiales y salarios mon
to solo a 10000 pesetas. Las cuen.
tas cubren el tempo desde Agos-
to, 1892 a Mario, 1893. Sc cree
que la suina dada por la Reina era
menos que $1,000 y aun al precio
que Sc flo en- las joyas en- aquella
fpoca no fubiera sido necesario
sacrificar las mas grandes para lie.
vantar esta suma."
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11
VAN A MEJORAR IA S|TUh-
CION A Los PEONES MEX.

Phoenix, Ariz., Febreto, 7,-N
Consul mexicano de Los Angeles,
Eduardo Ruiz, ell Consul de esta
ciudad. Gonzalez de C6rdova, Y
|y una comisi6n de miembros de la
Camara de Comercio de la capital
del Estado, conferenciaron el sa-
bado con el sefior Campbell, para
buscar un medic por ell que sc
alivie la situaci0n de cerca de sic
te a ocho mil bracenos mexicanos,
que fueron traidos al condado de
Maricopa para que pizcaran algo-
don, y que debido a la situaci6n
presente de las plantaciones, no Sc
les ha podido dar trabajo nj pue.
den regresar a sus casas de Mexico.
Ell Consul Ruiz dijo que obraba
por instrucciones del Presidente
Obreg6n, y mostr6 I'm mensajede
Executive de Mexico en- el que Sc
dice que Sc espera que el Gober-
nador Campbell resuelva esta ST.
tuaci6n 10 mejor possible para los
meXicanos. Los braceros en- cues
ton fueron inportados bajo con-
trato por la Association de PIanta.
dores de Algod6n denominada
American Egypcian Cotton Co., de
Arizona, y Sc les ha estado pagan
do con cheques que no han sido
admihdos en- los bancos; por 10
tanto, la compania expresada es
responsible de esta situaci6n.
EEsefior Pecina, que forma tam
bien parte de la colnisi6n, dijo que
81 no Sc les podia faciitar pasajes
para que salieran la frontera, al
menos que Sc les diera trabajo en-
los ferrocarriles en- los que podfan
Dbtener ell suficiente dinero para
pagar su pasaJe a la Inca divisoria.
Pecina es el presidente de Ia Liga
Latina.
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11
OTRO AMERICANA ES
MUERTO EN- MEX
|C0 POR REBELOES

Washington, Febrero 7-Un
ciudadano americana, Ilamado r.
B. Case, fue muerto en- las miras
de '.Los Phones, distrito de To-
pia, Durango, a resultas de las
heridas que lie inhigieron los re-
volucionarios que encabezan en- di.
cho Estado los hermanos Arrieta.
La esposa del senior Case, que es
mexicano. tambien fue herida en-
un brazo por los rebeldes. Aun
no llegan noticias detalladas del
incidente al Departamento de Es-
tado; Sc cree que Case fue muer-
to despues de que Sc neg6 a que
los reyolucionarios 10 desarmaran,
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11
EL MAGO DEL PRADO

Ex-senator Malaquias Martinez
de Taos. ha presentado una ley
sobre Primarias Directas, ley que
sera muy descutida y estudiada.
Esta ley es una de las muchas que
Sc prometieron por los Republica.
nos durante la Ultima campafia.
Es tambien, una de las leyes
mas temidas por los que Sc "bau-
tizan'' con ell nombre "bosses," "
disque porque los dientes que ten.
dra, mordera a Ia inversa,
Ell Sr, Martinez, con presentarla
ha cumplido su promesa.
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11
.PROM|NENTES DAMAS
INGRESAN AL PART|DO.

La Reyista de Taos tiene positi-
vbsgusto en- encomiar todas
sinlpre, no importa quienes sean.
y Durante los primeros dias de Ia
aperture de la legislature, por
primera vez Sc nos inform6 que
Dofla Emilia Ascarate, prominente
dana de Las Cruces y su inteli-
gente hija, Srita. Enemecia Asca-
rate, del mismo lugar, habian in.
gresado las filas Republicans.
Primeramente nos quedamos
hipnotizados, despues de tomarnos
IN base de aqua pura, al repetirse
VIA Information, supit6.
Sabiamos que eran dem6cratas
"irreducibles,"
Mas Sc nos inform6, que al in
gresar ambas, no 10 habian hecho
solo para ocupar el puesto y ador-
mario come flores naturales y que
nj como flores retoricas. Pues el
dia 2, salieron en- su gira politica y
cuando el Sol Sc puso en- ell Occi-
dento, ambas habian cumplido con
: su mission las tres maravillas.
Dejaron prebada su ropularidad y
su infujo acemento la montana de
boletos republicanos.
La Revista de Taos felicita a las
dos apreciables Sra. y Sehorita "
al partido Republican, por suI
suerte tan buena.
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11
GRANDESELOG|Os HACEEL PET. DELAFA. DEL /.
DETODOS Los QUE F0RMAN Ell COB MEX|CANO

Washington, Febrero 7.-El 60
bierno de Mexico llega en- momen-
tos en- que principia una nueva era,
y trabaja por el pueblo trabaJador.
como no 10 hace ning1n otro de la
terra dijo el presidente de la Fe-
deraci6n Americana del Trabajo,
al comentar la convention reunida
recientemente en- la capital de Me-
xico, por cuenta de la Confedera.
cion Panamericana. Su opinion,
al regresar de Mexico, es que
aqueI gobierno esta conpuesto de
"hombres de integridad y de mi
ciativa.',
Ell seior Gompers dijo que el
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11
Sc MejOra eI ServiciO
de Carea de los F. +.
C. c. MexiCanOS

Laredo, Tex, Febrero 7.-El
trafico de carga a Mexico Sc rea-
nudara dentro de 10 dias y las Ii
meas Nacionales de Mexico podran
transporter toda la carga de i'm
portancia y exp0rtaci6n, dijo ell
director de los Ferrocarriles Mexi-
canos, Francisco Perez, aver en-
una entrevista. Ademas manifes-
to que ESQ Sc cumpliera con la lie.
gada de SO locomotoras que entire
garan los ferrocarriles americanOs
para uso de las Lineas NacionaIes.
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11

gran acontecimiento de la conven-
ci6n de Mexico fue la aprobaci6n
de una plataforma de "democra-
cia constructive y de I'm complete
rechazo de las dictrinas subversi.
vas de la democracia.'
AuIfaue comprende que ell mo.
viIniento de los pafses latino.
americanos di6ere del de los Esta-
dos Unidos, NADIA puede mas pro-
piamente equilibrar las tendencias
y tacticas europeas que ell contac-
to con el trabajo americana de
aquelIos paises latlno-americanos,
concluy6 diciendo Ell vieio presi-
dente de la Federation Americana
de Trabaio.
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11
VsTANTEs AGU|LAS.

Centenares de visitantes d Taos
han admirable sus bellezas, su an.
tiguedad = sus fertiles valles. LII
mayor parte de ellos Sc quedan
supitos cuando Sc enteran del he
cho que ID plaza no esta incorpo.
rada. Dicen ellos: "Como pue-
den existir sin luz electrica. ferro-
carries, fabricas de hieIo, lavande.
sffas y ETC., etc. Lo que mas los
asombra es que no tenemos un so.
10 policia-y no entienden como
rueda la bola en- Taos,
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11
IMPORTANTE JUNTA.

Nosotros los abajo firmados
miembros de Ia Camara de Conner
clio por esta llamamos una junta
p1blica que tendra lugar el
Martes, dia % de Febrero,
a las 7.30. con el fin de discutir
la Incorporation del pueblo de
Taos, cuYa junta Sc tendra en- la
casa de c0rte.
Sc invita- a todos los ciudadanos
Y sefioras de Taos de estar presen.
tes.
A. Gusdorf, =
Gerscn Gusdorf,
]. H. Mccarthy,
Alvin Burch,
|. w. Dwire,
F. T. Cheetham.
ID, llilIpSs
VIM. Mexican,
Isidoro Almijo,-
Harry Block,
L. PascuaI MARTINEZ,
DR.. P. T. Martin,
]. H. Teatherman,
H. M. Aragon,
Eloy TrujilIo,
A. MCGOWAN,
E. W. LOveridge,
Carol Dwire,
John Dunn,
Roberto Savedra,
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11
EdieiOn Antigua.

El Nuevo Mexicano, publica
una edici6n replica de la que Sc
p1blico el dia 28 de NOviembre,
184e, siendo ell primer ejemplar
Sc dio a luz en- esa feclla por eI
Santa Fe New Mexican.
Es verdaderamente interesanti-
sima esta edici6n reIicaria. quenos
hace recordar de remOtas fechas-
Maravillosos han sido los cambiOs
en- los periodicOs cOmparados con
SquelIa fecha. Es una reliquia la
1edici6n citada.
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11
BUEN TRABAJO.

Los Representatives. del Condado
de Taos Y Senador, estan hacienda
buen trabajo. Todos estan muy
interesados en- sus trabajos Y a.
tienden con reguIaridad a todas
las conferencias de comisiones en-
donde es donde Sc nuede hacer
trabajos especiales que derrundan
en- la redacci6n en- las leyes por
fin. Taos tiene tres hcmbres en-
Santa Fe.
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11
MCADOO VISTA AL
SR. De LA HUERTA,

Mexico, d. T. Ell ex secretario
del Tesoro de los Estados Unidos
y yerno del presidente Wilson.
conferenci6 por mas de dos horas
con elsecretario de Hacienda. de
la Huerta. Ninguna noticia Sc di6
acerca de 10 que trataron en- esta
vista pero mas tarde fue recibido
por el presidente Oregon.
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11

Nuestro cumpIido suscritOr don
Manuel c. Rivera, antes de La
Veta, Colorado, ahora de COstiIla,
N. M. lego a nuestra oficina =
sald6 su cuenta. Perrnanecera
algunos dias de vista.
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11
Ell LIBRO MAS ANTIGUA

Max Muller dice que ell Iibro
mas antigua en- ell mundo es Rig
Veda, que estuvo en- existencia
complete como lie tenemos hoy,
1.50O, afios antes de Cristo, y eI asi
lIamado "Libro del mueft6, de
Egipto, Sc sabe de muchas name
ras existi6 5000 amos antes de
Cristo,
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11

Nuestro inteligente comerciante
el Sr. Alberto Lopez, de Ranchito.
nos hizo una agr adable vista eI
microbes.
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11
Ell EdificiO mas Alto

Ell edifcio mas alto del mundo
es la casa conOsida con eI nOmbre
WOoIwOrth en- Nueva York, Tie
ne 792 pies de aItura.
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11
AWSO A Los PAGA-
DORES De TASACION.

Por esta Sc pasa avisO que sus
tasaciones no quedaran delincuen-
tes hasta ell dia ! de Mario 1921,
por las condolences que existe en-
en- la actualidad tan dificiIes.
Federico c. Trujillo
6x7 Tesorero
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11

Lean el anuncio de Madrid y
Lcpez, Redarte, N NJ.
La revista de Taos. [volume] (Taos, Nuevo MeÌxico) 1905-1922, 1921-02-11

Don Jose N. Muhiz, de Rodarte.
N. NJ, nos hizo una agradable VI
sta durante la semana.
New-York tribune., 1921-05-28
The Dollar in Foreign Exchange

Early weakness of sterling exchange,
which carried quotations down six
cents in the pound to the lowest rate in
a month, unsettled the local foreign ex-
change market yesterday. There was
a recovery later when the demand for
dollars in London ceased with the clos
ing of the market there. The final
quotation at $3.877s showed net de-
cline of 3ss cents.
The break was attributed by local
dealers to heavy selling in London,
chiefly for German account. The lat
ter interests, it was believed, had been
selling British bills since acceptance
of the reparations terms and convert
ing the proceeds into dollar exchange,
presumably to strengthen their credits
in this market.
At the low point of the day, at
$780,, demand sterling was at the
lowest in more than month and
showed a loss of more than IS cents
from the recent high for the year
above Sd.
Continental rates swayed with ster-
ling as rule, recovering somewhat
after the early break, although French
and belgian francs moved within mar
rover boundaries.
Continued weakness of Swiss francs
and Dutch guilders was attributed to
the same cause as the decline in ster-
ling. Guilders at the close were
quoted at 81 cents, a drop of 2 cents
IN week. Swiss francs dropped to
1888 cents. Norwegian rates contin-
ued easy Swedish crowns dropping be-
low % cents.
South American and Far Eastern
rates were steadier.
New-York tribune., 1921-05-28
Exchange Drop
OvershadOws
Stock Market
Break i'm Sterling Helps
Traders Depress Prices;
Mofor Shares Are Again
the Target for Selling

OF far more interest than the reac-
which professional traders were again
dominant, was the turbulent state of
the international money market. On
the eve of the payment of $500, 900 ,0G0
by Germany to the Reparations Com
mission in Paris sterling exchange de-
ciined six cents, making the break for
the week 1915 cents, carrying sterling
to the lowest level of the month. The
downward sweep of sterling csused the
Continental exchanges TO weaken.
Although there was no official ex-
plsnation for the confusion, interna-
tional bankers ascribed the excited
smash to German operations in con-
nection with making to-day's pay
ments. 1t was thought-specifcal
that Germany was selling pounds to
obtain dollars. The initiative was
taken in the London market, whose
fluctuations New York reflected. Ger
many for more than year had been
accommodating balances in foreign cur
rencies, but there has been singularly
little made public regarding the de-
tails of these arrangements.
The background of receding for
eign exchange market helped traders
at the Stock Exchange to press against
security prices. Another factor max
ing for decline, particularly among
the Independent steels, was the pessi-
mistic tone of some of the addresses at
the meeting of the Iron and Steel In
stitute at the Hotel Commodore. In
the downward movement the motor
shares were again conspicuous, and
traders, who think that there is more
imitation to be written out of securi-
ties of this group, took fresh courage
from the report of an impending cut
by the Buick Company. Although the
official announcement has not yet been
made, this move suggests no new con-
ditions in the industry, having been
foreshadowed by reductions by the
General Motors Company, and was gem
orally anticipated in the trade.
Despite the break in sterling cotton
prices remained steady and closed with
slight gains. Wheat quotations, re-
spending to a multiplicity of specula-
tive cross currents, closed slightly
lower. The foreign exchange move
ment overcame the influences making
for frmness.