davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-05
Britain Seeks Understanding

Britain Seeks understanding
Tho part Great Britain is playing is
that of seeking some triangular under
standing in the East in which this Gov
crnment will take part with Japan and
herself. For this reason she is re-
licvrd to find legal way to put OF for
II year the decision whether or not to
renew the alliance. Before the year is
m she hopes 10 SEQ as a substitute for
tho two nation treaty. n three nation
understanding and an exchange of notes
perhaps among this country. Japan
and herself which will lay the basis
of co operation in tho East. assure the
open door and the development of China
without conflict.
Britain has put pressure upon Japan
to settle all issues between herself and
the United States. As result con
fercnces have been going on for several
weeks between Secretary Hughes and
Shidchara. the japanese Ambassador.
These conferences. ike the imperial
conference in London. are part of the
background of naval disarmament. If
they cventuatc in better UNDER tInd d.
ing, the naval conference will start of
with n better augury.
Conferences Explain Delay
ne HH'rlfan DuDIlc mas not DcNn
taken into the confidence of the State
Department regarding the Hughes
Shidchara conferences. They have been
conducted with the utmost secrecy.
About all one can see is that they
partly explain the delay in calling dis o
armament conference. Tho Admin =
istration wishes to clear away all the
obstacles to such an understanding in
the East as will make n naval agree .
mcnt feasible. Mr.. Harding is proceed =
ing with that caution which is char
actcristic Of him.
In these conferences Japan is under
great pressure to make concessions. In
thc first place it has been made clear
10 her that the British colonies at least
will object to an alliance Of the mother
country with her while she has diff
culties with the United States. and
above all, Japan wishes to avoid isola =
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-05

Ldrcnzon is said to have punched the
other boy over the heart.
Two boys were burned by firccrackers
yesterday in Camden. Henry Dzsa
howski. six years old. Of 1896 Everett
street, was holding a frccracker when it
exploded and burned his face. Lewis
ltaleuce.. fourteen years old, of 500
South Fourth street. Camden, was
burned about the hands by an exploding
firecracker.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-05
I3 HURT IN TROLLEY
ACCIDENT IN CAMDEN

Thirteen persons were slightly hurt
last night when a trolley car on the
Cramer Hill line jumped the track be-
tween state street bridge and River ave-
nue., Camden. They were taken to
Cooper Hospital.
II was trailer that left the track
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-05
Fireworks Casualties Here
for the Last Fifteen Years

and what role Japan should play in
the Orient would only quicken naval
competition. unless Great Britain cut
hHrspl foff entirely from Japan by end
ing her alliance
The New York herald., 1921-07-30
CONSOLIDATED EXCHANGE.

The Hill issues led the rails In sharp
gains during yesterdays Consolidated
Stock Exchange trading, Northern Pa
cific rising 2h to IS and Great Northern
preferred az to 72H. both entering new
high ground for this month. In the in
dustrial division the price trend was
irregular. marine and speciality stocks
rejecting renewed pressure while equip
ment. rubber and oil shares evidenced
accumulation and improved quotations.
Gains of 2h In Kelly-Springheld to ~.
3h In Railway Steel Spring to ISM. Y
In Mexican Petroleum to 105H and de-
clines of 4 in Pullman to 80. 3M In
United Fruit to 98X. 2B In Marine pre-
ferred to AZ and In American Woolen
to 20 were outstanding features.
Texas and Pacific was bid up IL to
26. Reading to 70M, Southern Pacific
to 7s%, New York Central to ~, Atchi-
son Eek div. 1h) IN to IS. Manhattan
1% to 49%, United States Rubber IN
to SAN. Central Leather to 34M.
Sears Roebuck IN to e6N. National
Lead TX to 72h, Texas Coal and OIL
IN to 20H, Baldwin Locomotive ! to
rs, Crucible to IS " and United States
Steel to TAN.
General Electric was offered down ~
to 1f5%. Bosch Magnetic to 80. American
Sugar l to 6s, International Paper as
to 5oN. Pierce Arrow 2N to 13&,
Studebaker to rs. Chandler Motors IN
to 4S%. American International y ia
32M and Atlantic Gulf IN to 2oA.
The New York herald., 1921-07-30
NEW BRAZILIAN LAW
WILL HELP IMPORTERS
Storage Is NuIlified Owing to
Exchange Rate.
Bp the Assoctated Press.

RIO JANEIRo, July 29.-To assist Bras
ilian commercial enterprises to meet the
situation caused by the low exchange
rate an emergency measure has been
introduced In the Chamber of Deputies
providing that all merchandise now In
the Custom House shall not be liable to
more than two months storage charges
IL It Is cleared before the end Of October.
The measure provides that imports
shall be paid for with 40 per cent. gold
and go per cent. paper IL cleared during
August and September, instead Of 55 per
cent in gold and As per cent. paper as
at present. The rate on goods cleared
during October would be As per cent.
gold and IS per cent paper under the
new measure. which also provides that
the gold milre. as applied to customs
duties. shall be collected at the rate Of
$3.50 paper milres instead of the present
rate of $3.50.
Such a law Is expected to stimulate
the acceptance of shipments already re-
crived and to give the Government con-
siderable immediate revenue.
The New York herald., 1921-07-30
DEPRESSION GROWING
IN GERMAN MARKETS
Dutch Loan Not Enough to
Stabilize Mark.

Special Cable to THE NEW YoaK HnxALp.
Copyright, 1891, bv THE NEW YoHK HRALp.
New York Herald Bureau,
Berlin, July 20.
Widely circulated reports Of extensive
American credits prevented an abrupt
slump in the value Of the German mark
in connection with the negotiations for
the loan Of 20o.Ooo.o0o marks gold
floated through the Dutch bank. The
amount of that loan. however, was not
sufficient to check the gradual decline
In the price of the mark. The result Of
1t all Is that already there has occurred
a rise in the price OF many commodities
In Germany. notably in textiles and fats.
Germany had several days OF rejoic-
ing. which amounted almost to intoxica-
tion. when the first wild reports Of
American credits were circulated here.
But scepticism quickly replaced that
first excitement Then came a decline
In the value of the mark and higher
prices for many commodities. especially
raw materials. There were notable adj
varices in the prices Of cotton and fats.
Manufactured goods fluctuated in price
more slowly. The general market. how
ever. has shown a growing depression.
which experts think Is likely to continue
for considerable time.
The New York herald., 1921-07-30
GOLD SUPPLY In o, S.
AT HIGHEST POINT
Flow Into Country Gains Con-
stantly Through Imports,
Says Reserve Agent.

The supply of gold in the United
States is at its highest point and increas-
ing almost daily through announcements
Of imports and engagements for import.
according to a statement issued yester.
day by the Federal Reserve Bank OF
New York. In the last twelve months.
because of conditions. the bank says.
which are without precedent In any like
degree there has been great flow Of
gold to this country from Europe The
total stock of gold In the United States,
It is pointed out. ON July 1 of this year
was $3,22S.000. 900. estimated to be
about 40 per, cent. Of the worlds stock.
Discussing the relation OF those imports
to the Reserve System. the Reserve
Agent here says:
'The gold recently received came
largely from private sources. and served
mainly to reduce foreign indebtedness to
this country. The gold holdings Of most
Of the European central banks are Iarger
than before the war. The Bank of Eng
land has more than three times as much
gold as II, had In 1918. the Bank cs
France more than half as much again,
and even the German Reichsbank has
That does not mean necessarily that the
entire stocks of gold In those countries
are greater than before the war, because
the tendency has been for gold to be as
eembled in the central banks, where It
should serve as the basis for credit and
issues of currency.
Tn the United States also this tcn-
dency has prevailed. and the stock Of
gold Is now largely in the possession Of
tho Federal Reserve Banks. On July I,
out Of the total amount Of monetary gold
IN the country, $2.462. 100000 was In
the reserves Of the Reserve Banks. In
tho war years gold circulated less gem
orally and gravitated toward the Re-
serve Banks. though at all times Federal
Reserve notes were redeemable dollar
for dollar in gold. In the last twelve
months, which marks the recent period
Of heavy gold importation, the bulk OF
gold received has been deposited with
the Reserve Banks, and In the year
ended July 1 their gold reserves in
creased 10000. 900. as against an In
crease Of $5S5.ooo.ooo in the country's
stock.
The New York herald., 1921-07-30
northern P.cino Dividend.

The doubt Of the financial community
over the pern,anence of the Northern
Pacidc's per cent. dividend Is indicated
IN the sale Of its stock at 10 points below
the price OF Atchison, about whose 8 per
cent. dividend there Is no question. and
several points beneath that OF Southern
Pacific, whose per cent. rate Is con-
sidered relatively safe. Yet directors OF
tho N. p. have cause for greater con-
fidence In it's ability to maintain its
present rate than they did In mid June.
The roads poor net showing in june. 1t
is pointed out. would have been $Sso,ooo
better had It not been for two Items OF
extraordinary expenditures. Washouts
in western North Dakota and eastern
Montana necessitated repairs on us
track and roadbed amounting to $780,
900. It's accounting adjustments In con-
nection with additions and betterments
made in previous years were charged as
$3S0,000 to its June expenses.
The New York herald., 1921-07-30
Money Trine rirmer.

Call money advanced yesterday
trifie compared with its extreme lows
reached on Thursday. The rate all day
yesterday in the New York Stock Ex-
change was Az per cent, and outside 1t
rose from 4 per cent. to AZ per cent.
Fairly heavy Government withdrawals
are anticipated for next week and to
per cent. rates may be seen. The trining
advance yesterday was due to the prep
aration for some $174,ooo.ooo interest
and dividend disbursements scheduled
for August /. Time money was offered
Yesterday in considerable volume at the
new low rates Of 5% per cent. for sixty
ana ninety days. but actual loans con-
summated were small.
The New York herald., 1921-07-30
TRANSIT COMMISSION

Notice Is hereby given that Interborough
Rapid Transit Company has made ap-
plication to the Transit Commission for
an order permitting the Interborough Rapid
Transit Company to extend the maturity OF
$39,416. 900. face amount OF its Three Year
~ Notes for one year until September 1st
1922. and to increase the interest rate of said
notes from 10 TO so. and for such other or
further authorization or permission as in its
said petition Is set forth. and that said
petition will be heard by the Transit Com
mission at It's office. No. 40 Lafayette street,
Borough OF Manhattan. New York City. on
the End day of August. 1921, at twelve
o'clock Noon OF said day.
INTERBOROUGH RAPID TRANSIT CON-
PANY.
FRANK HEDLEY, President.
Dated New York, July 2sth. 1921.
The New York herald., 1921-07-30
DIVIDENDS AND INrEREsr.
PROPOSALS.
TILE CENTRAL RAILROAD COMPANY OF
NEW JERSEY
PROPOSALS.

serial No. 2.
Contract No. :.
Jersey hereby gives notice that It will re-
ceive sealed bids for the work of repairing.
reouiiding, ETC., ETC., Of its marine equipment
LOT tne period OF one year from August 2
III. to August 2. 1922, in accordance with
terms. specifications. etc. which may be
procured at the office OF the Undersigned
:. BIDS must be submitted and addressed
70 tne Undersigned at his office by IL 100
CLOCK noon on the second day OF August.
ivzl. Bids received after that hour will not
ps considered Bids will be opened at 90
=. NJ. on the date named. The right is re-
served 70 reject any and all BIDS or to accept
any part OF any one bid; also to exact a
ieltnfui performance Of the work
r.. Dated this eighteenth day of July. 1921.
IhB CENTRAL RAILROAD COMPANY OT,
NEW JERSEY
w. G. BESLER,
- President General Manager.
l43 Liberty Street. New York n. "
The New York herald., 1921-07-30
SUBSCRIPTION RIGHTS.
Citisens Come 70 Roads Ala.

An attempt to avoid suspension OF
operations on Monday by the Missouri
and North Arkansas Railroad has been
launched, according to advices received
here from Harrison. Ark. A citizens
protective league Is endeavoring to raise
sufficient money by popular subscription
e. offer the road an adequate mainte-
nance fund. failing which II Is planned
to organize an operating company from
farmers and business men from towns OF
100000 population, which would be lck
without transportation facilities II the
discontinuance announced by the receiv-
ers Of the road should become effective.
The New York herald., 1921-07-30
TO LIST FOREIGN EXCHANGE.
Buenos Aires Chamber Acts he
cause of Wide Quotations.

BUENos AIRES. July 29.---Trading In
foreign exchange will begin In the
Buenos Aires Chamber of Commerce on
August In an effort to permit members
to avoid the uncertainties In current
prices owing to the widely different quo-
tations OF foreign exchange brokers.
The Chamber also Is considering the
advisability of esta blishing a future
market in foreign exchange.
The New York herald., 1921-07-30
TO Correct an Impression.

Attention is called to the fact that the
Banoue de rIndo Chine is separate
institution from the Banque Industrielle
de Chine OF Paris. in whose behalf there
have been negotiations with the Chinese
Government for a loan of 500.0oo,000
francs to assist in the Banque Indus
trielle's reorganization. Neither the
French group Of the Chinese consortium
nor its leader, the Banque de fIndo
Chine, have any connection with the
loan negotiations described above.
The New York herald., 1921-07-30
FINANCIAL NOTES.

The United States High Speed steel ana
Tool Corporation has increased its capital
from 10000 shares OF capital stock to
200, 900 shares OF common stock, no par
value, and 30 900 shares OF preferred stock.
par value $50. The Guaranty Trust Com
pany OF New York has been appointed trans
fer agent for the increase.
Jerome p. Sullivan a Co. have issued for
distribution circular which deals with
Germany's prospects for recovery.
winthrop Smith & Co.. 1866 Broadway.
have issued for distribution a review Of the
foreign exchange market embodying . study
Of the European situation.
The New York herald., 1921-07-30
westinshouse Foreign Orders.

The Westinghouse Electric Interna-
tional Company, the export subsidiary OF
the Westinghouse Electric and Manu-
featuring Company. has taken orders
amounting to $1.200.o00 for transform
ers, condensers and lightning arresters
from the Midi Railway Of France, ac-
cording to Pittsburgh dispatches.
The New York herald., 1921-07-30
DIVIDENDS.

Stock Of
Record. Payable.
s175 ............,....... Aug. Aug. Is
Buffalo. Roch. Pitts. Ry.
Co.. $1........ ............ Aug. Aug. Is
Buffalo. Roch., Pitts. Ry.
pf.. s.-a.. e3.............. Aug. 8 Aug. IS
a. 81. ...;.....::.. July % Aug. 2
81 -. -. July a7 Aug.
'Kaluk Water Co. Of N. T..
pf., 37.................... -- Aug. Z
sFor the years of 1915 and 1915.
The New York herald., 1921-07-30
Gold Imports.

Kuhn, Loeb & Co. received yesterday
cables announcing the consignment to
them by the Carmania Of $4.400,OO0 IN
gold, which makes $91,S60,0o0 imported
by that firm this year and brings the
total since January /. 1920. to $174.-
$4,000.
The New York herald., 1921-07-30
Calumet and Hecla output.

The Calumet and Hecla. Copper Range
and Quincy properties shipped more than
100000 pounds OF copper in the latter
part OF last week for the East, according
to information received yesterday. OF
that amount 10000 pounds was for
France and the rest for domestic de-
livery. The lack Of orders on hand, It
was said yesterday. might force the clos
ing down Of the mines at the lake in the
near future.
The New York herald., 1921-07-30
o. s. CERTIFICATES AND NOTES

Closing prices bid in yesterdays open
market for United States certificates Of
indebtedness and notes were as follows:
The New York herald., 1921-07-30
RADIoGRAM CHARGE CUT.

Edward J. Mally. president OF the
Radio Corporation Of America. announced
yesterday that It would reduce on August
Is charge for radiogram service to Ger
many from SO cents to 25 cents a word.
The New York herald., 1921-07-30
Ran Men Fear Fare Reductions.

Despite the refusal of the Chicago
Great Westerns competitors to agree to
a differential Of $3.50 in the fare be-
tween Chicago and Omaha and the Twin
Cities and also Of $1.25 in that between
the Twin Cities and Omaha the Great
Western Is expected to make the reduc-
ton without their sanction. As that at
tempt is the first serious one to apply
differentials TO passenger business west
of Chicago railway men fear reductions
will extend to other districts. particu-
larly between Chicago and St Louis.
The Great Western bases Its action on
its handicaps In respect to terminals.
length Of route and other features.
The New York herald., 1921-07-30
SUGAR.

The range Of prices In yesterdays
sugar futures market was as follows:
The New York herald., 1921-07-30
TOPICS OF WALL STREET.
studebaker statement ont To-day

Studebaker shares were yesterday rel
atively strong. getting up to TIN. a gain
Of moro than a point from their Thurs
day close. Although the Studebaker
earnings statement for the June quarter
and the half year period will not be re-
leased for publication until noon to-day.
1t was yesterday common gossip in Wall
Street that the statement would be. In
tho vernacular Of the Street. "a corker."
A gain Of approximately $4,000. 900 In the
company's showing In the correspon ling
quarter q year ngo. according to that
Street gossip. will be shown by the
and its six months earnings
will show substantial improve
ment, notwithstanding the general de-
preston in the automobile industry as
q whole. Is the talk In the Street
The New York herald., 1921-07-30
UNITED STATES TREASURY STATEMENT.

sssuoi 10 rHs Nsw YosxH HuuMa
vssSiusf:n ssSs sssn Hrsla B. Ga !si, RS,:S e. } }
The New York herald., 1921-07-30
The Hill stocks.

The buying which began several weeks
ago In Northern Pacific and Great
Northern preferred was yesterday in
evidence again In at least one big COM
mission house which has handled such
business. AS result both stocks climbed
to new high marks for the movement.
although Northern Pacific maintained
its lead Of approximately points nver
Great Northern. That disparity Of price
has existed ever since the two stocks
broke very sharply early In June on re-
ports Of smaller dividend payments. No
news has come out to warrant any spe-
cial attention being paid to either OF
those stocks. but their strength has been
indisputable. Northern Pacific touched
yesterday 77%. at which 1t closed with
Q points net gain The particular
brand of buying in Northern Pacific
which the aforementioned commission
house handled was Characterised ny 1t
as excellent. although all information as
to the Identity Of tho purchaser Of course
was refused.
The New York herald., 1921-07-30
Decision Important to Roads.

The decision ofthe United States Railroad
Labor Beard In the case Of the Pennsyl-
vania Railroad VS.. the Federated Shop
crafts Is expected by railroad men to
have an important bearing on the entire
dispute over working rules and condi-
tions. A decision In favcr Of the carrier
would require the board to deny the right
OF union officials to negotiate with the
management without a previous ballot by
the men to determine the representatives
for every class Of employees. The man
ayers right to fix rules by regions and
localities OF the road. instead Of the
same set Of co lditions for the entire
system, also will be decided. II was
pointed out here yesterday that the board
could not decide In favor Of the Penn
sylvania without receding from the last
two Interpretations landed down In re-
spcct to decision No. 119.
The New York herald., 1921-07-30
Carriers Claim s1.4oo,o 100000.

In connection with the settlements
plan put forward by the Harding Admin
istration It Is estimated that the ball
ance spent by the Railroad Administra-
ton on capital improvements awaiting
funding is approximately $533.000. 900,
and that the carriers claims against tho
Government on accounts arising out OF
Federal control will aggregate close to
81, 400 ,0C0. 900, consisting of s400. 100000
In unpaid compensation and depreciation
and about $1,000. .00o, 900 for undermain-
tenance and balances due for materials
and supplies. The roads agreement to
waive the major portion OF the UNDER
maintenance claim. however. may be ex-
pected to reduce that figure $6o0.00o.00o.
which would cut the total claims to APP
proximately $500, ,000.0 900. In addition
there remains $780, 1000 owed by the
Government on the six months guaranty.
The New York herald., 1921-07-30


g regular full
The New York herald., 1921-07-30
NEW YORK STOCK EXCHANGE QUOTATIONS
YJuLY2a
FRIDAY. JULY %. 1921.

Year to date. 1oo.572.7 !
The New York herald., 1921-07-30

Open High Low Clos |rbsns.. NET
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-06-29

plain, and HE slainssnsn goes te
tie nsouatamss or forests. The
slandssnan, if he has a love for wat
Ell, fresh OF sait, and water is ac-
cessible. INDUCES that taste. The
seaman takes his recreation on
Land. The wise society-monger
hunts 8 solitude. The dweller in
lonely places seeks society.
Contrast is the thing, and the
quest of new interests. The body,
possibly, needs rest, but mere ply
steal rest ean be had almost any
where. The big thing is mental
and spiritual change, the shock of
new scenes and new people and
new customs. And for the best re-
suits, perhaps it is well not to go
to the same. place with the same
people year after year, however
different the place and its spirit
may be from home. Such a method
of vacationing may be charming,
and it certainly saves trouble, but
it means another rut an and in
cEe2sing lack of the stimulus and
change needed.
. This is. a big, varied world,
full Of such a number Of interest
ing and stimulating things that
nobody can ever exhaust them;
and the more of them person
comes in contact with, the more
he grows. Vacation is the only
time when most people have a
chance at this romantic and whole
some quest of novelty.
President Harding has declined
to accept invitations to speak for
the next six weeks. If everybody
else would follow his example,
most of the troubles OF this coun-
try would soon evaporate.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-06-29
II. E.. ELLIS LOSES
LIFE At RICHMOND

Columbia, June 2S.-Hugh E.
Ellis, former Colum bian. and the
son Of Mr.. and Mrs. D. H. Ellis Of
1915 Bryan street. Columbia, was
drowned in Richmond. Va, Sun
day afternoon. according to lnfor-
nation received by his parents
late Sunday night.
Details of the tragedy are want
ing but. according to information
telegraphed from Richmond. MI.
Ellis and three other men were in
small boat which capsized. Mr..
Ellis being the only one Of the
four> occupants to lose his life. His
body was recovered several hours
eiater.