davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1921-10-29
Baldwin and Equipments.

Baldwin and Equipments.
For several good reasons the :; ter
rsts responsible for the advance early
last month picked Baldwin as one #
their favOrites.
The compar atively small rapitaliza-
ton was not the least of the .huses
for their purchases. good bundle
of the stock was secured at lower
levels. .ss
One OF the main arguments for the
advance in the equipments was the
belief that the roads would he big
buyers. This was also expected 10
give added stimulus to the steel In
dustry Whether the roads will com"
into the market with big orders f0r
equipment now is somewhat doubtful.
There Is bound to BE- increasing nsi
tation for lower freight rates. Rail
executives are likely to combat eve-y
such action.
There will be further means Of pow
erty which would not go good with big
purchases. Many roads will have To
dc more repair work, bur this viii not
be as beneficial to the equipment COM
panies as would substantial buying o.
rev equipment.
Harrison GOngratulates Employees.
President Fairfax Harrison Of the
Southern railway sypstem, in an ex-
ecutive bulletin issued to all en-
ployes, says:
with heartfelt emotion / congrat-
ulate you on the news from Chi
cago that the present strike has
been called off During the past
anxious week l have made no pub
lie statement of my sentiments
concerning the situa ton. nor have
sent you any message, hoping
that l had your confidence as ]
know you had mine.
II sympathized deeply with you.
collectively and individually, for
knew the difficulties of your stu
alton; but l felt sure that when
the time came for final election you
would remain loyal to the service OF
the public, in which, with mutual
respect, we have for so many years
heen engaged together"
The Washington times., 1921-10-29
Who Won the Strike?

"Who won the striker" is the
question causing some difference of
opinion.
When all sides are considered II
would appear that the force Of pub
IL. opinion was the victor.
Friends of the railroads look upon
the withdrawal of the strike order
az victory. Unbiased folks who
have stated right along that the
whole thing was a huge bluff" think
differently. ..-...a
They maintain tha; what the labor
leaders were really doing was to try
and postpone indefinitely any fur
ther wage cut. Railroad executives
saw In the strike threat a good
chance to settle all their problems
and get labor back nearer a pre-war
basis.
The main strength of the rail
leaders was the belief that the public
would be strongly against a walkout
at this time. They made a strong
appeal to public opinion.
Public opinion was expressed
through the Governments selected
mouthpiece. the Labor Board. Now
the labor leaders can point with
pride to the fact that they refused
to strike against the Government.
The Washington times., 1921-10-29
Coca Cola Dividend.

Coca-Cola resumption of common
dividends came as somewhat of a SIR.
prise. Many insiders knew such action
was coming, but were led to expect
that the declaration would not be mad
until directors met for preferred divi-
dend action In November.
1t Is stated that a few of the more
powerful directors in the company
suddenly decided to declare 1t at once
In conjunction with the reduction in
prices.
The Washington times., 1921-10-29
Chicago Live Stock Market.

CHICAGO. Oct. 29.-Live stock.
Hog receipts, 5000; market mostly
10 lower.
Bulk, 725@7.65 per hundred pounds;
top, 500; heavyweight, 74067.75;
medium weight, 7.50G775: lisht
weight, 7.50d770; light lights, 1850
500; heavy packing sows, smooth, $50
@725: packing sows, rough, 610G6.s5,
pigs, 7.S5@S.25.
Cattle receipts. 300.
Sheep receipts, $500.
The Washington times., 1921-10-29
Bank Statement.

Average loans decrease S37 1885 900
demand deposit decrease 1851 900
time deposit decrease $20s. 900; reserve
decrease s13,1S1. .040; actual loans de.
crease s3i, i,sss, 900; demand decrease
$4,000: time deposit decrease ST..
717,0O0; reserve increase slS,909, 500.
Clearing house statement: Exchanges,
S634, 700, 900; balances, ss2 SOC, 900: Fed.
eral reserve bank credit balances S42,.
200. 900
The Washington times., 1921-10-29
Foreign Exchange Facilities.

The foreign exchange department
of the Washington Loan and Trust
Company has been enlarged IN order
to accommodate the large number of
foreign delegates who will be here
for the limitation of armament con.
ference.
well-appointed offices are being
fitted up at the west-end branch near
the conference hall. Additional for
eign correspondents are also being
secured, direct account being opened.
w., b. q A Directors Meeting.
Directors Of the Washington, Bal
timore and Annapolis Electric Rail
The Washington times., 1921-10-29
Baltimore Grain Market.
BALTIMORE, Md. Oct 2s-wt

BALTIMORE, Md, Oct. 2s.-wheat
firmer, No. 2 red winter. s1.14; No.
red winter, garlicky, s1.0s%. Re
ceipts. b6,76s bushels; shipments
27l 1913 bushels.
Corn. firmer, No. yellow or bet
ter. domestic, SO bushel. Receipts
22,44s bushels. Shipments, 2,30s
bushels.
Oats. quiet, No. 2 white domestic
.45 bushel asked. Receipts, 3,6S3
bushels. Shipments, 2,206 bushels.
Rye, firmer. No. 2 Western ex.
port, spot. .Ss% Receipts, 22,21O
bushels: shipments, 220 bushels.
Hay, quiet, unchanged.
Flour, dull.
The Washington times., 1921-10-29
Chicago Grain Opening.

CHICAGO. Oct. 2s.-wheat opened
unchanged to " lower; corn un,
changed to " lower: oats unchanged
to u lower; lard lower; pork and
ribs Inactive. Opening:,
Wheat-December. l.0Sk @1.0s1s
May, 1.l3k@l13.
Corn-December, 4sA: May. san
Oats-December. 3s5t; May. 3SA.
Lard-January. $50; March, $40.
The Washington times., 1921-10-29
Companies May Come In.

Smaller Companies May Come In.
While there are six big companies
listed in the merger. the affiliations of
controlling stockholders in these COM
panies give ground for the belief in
financial circles that numerous
smaller steel companies will be found
grouped with their allied interest In
the merger once the consolidation Is
effected. We
Among these are the Mark Manu-
featuring Company, of Chicago, now
controlled by the Steel and Tube Com
pany Of America, according to advices
from Chicago. There are several
smaller steel concerns in the Youngs-
town and Ohio steel districts bearing
close relationship TO the three big
Youngstown companies mentioned as
units in the merger.
The Washington times., 1921-10-29
Local Stocks.
WASHINGTON STOCK EXCHANGE.

SALES
Washington Railway and Electric
as. si,OO0p5sk.
Chesapeake and Potomac Telephone
SIS. si,OO0Q90.
Potomac Electric general mortgage
and refunding rs. w. l.. lO0qi00, 100
QlO0. 1000 100. 100000.
Capital Traction. ZQss. 10Qes.
The Washington times., 1921-10-29
.4nHasSSssssHBSnnn aSssH% BUSINESS AND FINANCE u4HG
INVESTORS SERVICE

IL you have an lnvcoeaSooe prVosesn
The Timos VIII be giAA 70 AID you
Write us fully, tscloslng stasnpet, I'd
dressed envelope for ropiy, anA Address
the Financial Editor.
Detroit HexAgoa Drill Co.
M. M. New Hampshire ayenus.--i
would appreciate any information
you can give me regarding a pro-
posed Investment In the stock OF the
Detroit HexAEon Drtn Company. Of
Detroit, Mich.
Answer.-How amusing some things
can be when they are not intended "a
be 30. Detroit HexaKOn Drill Com
pany says 'the back homeless man
always has to ask somebody's advice.
New companies with stock to sell
usually don't like to have prospect
ask advice.
Perhaps. this company assumes that
prospect" will buy first and then
get advice. A good many investors
do this.
We are glad you didn't This com,
pany appears TO have been organized
about two years ago with capttaiiza
ton Of $1,000 common stock OF SIC
par value.
There isn't a line OF financial state
ment In the prospectus. but at the top
OF every page is printed "Hex Stock for
Safety, Profits, Pormsnsncy-"
1t attempts TO show that 800 invest.
ed In Bell Telephone stock grew to
$4,000. leaving the reader To assume
II he Is bereft OF sanity that equally
good fortune will come to the man
who buys Hex" stock, which Ia
foolish.
To sell such a stock under the brand
Of "Aafcty" Is misleading and idiotic.
The Washington times., 1921-10-29
Liberty Bonds.

NEW YORK. Oct. 2s.-CioGng Lib.
erty bonds: 3h's. $9z.62; first 4k's
$500: second 4ks, $S2.76; third ~ 8.
$s6; fourth AXIS. $s3.02: Victory az q
and ANS, S99.64
The Washington times., 1921-10-29
Big German Loan
In u. s., Is RunlOr

HAMBURG, Oct. ga report
was current in financial cir.
cles here today that negotiations
have been concluded for Ger.
many to secure a credit of ST.
600 200, 200 in the United States.
1t could not be confirmed.
The Washington times., 1921-10-29
Beatty on the Market.

Admiral Beatty visited the Stock
Exchange and is said to have declared
that Jutland was child's play ,on.
pared with the battle Of the bulls and
bears
The Washington times., 1921-10-29
Market Notes.

NEW YORK, Oct. 29.-The stock
market closed irregular today; govern.
ment bonds unchanged; railway and
other bonds irregular.
Total sales Of stocks today were
39S, 900: bonds, S5,975.000
Tota, sales Of stocks for the week
were 4,l22,600 shares; bonds, $685..
$50, 900. ...
The Washington times., 1921-10-29
Market Comment.

In their comment on the market,
Jones & Baker, investment brokers,
New York. say: s..t
while the oil shares continued TO
attract the greatest market interest
the movement of a number OF in.
dustrials this week was quite sig.
nificant. In some quarters usually
well advised, the advance of these
stocks into high ground is regarded
as reflecting general trade improve
ment and also as indicating that pub
lie interest in the market is increas.
ing"
The Washington times., 1921-10-29
Public Wants Lower Rates.

Now that the railroad executives
realize the full strength of public
opinion they know what they will BE
up against soon in regard to lower
freight rates, which the public be-
lieves will mean a reduced cost of
living. ...
The Washington times., 1921-10-29
Consolidating for Strength.

The trend toward consolidating for
increased efficiency so noticeable
among industrial companies has
reached the stock market. Never be-
fore were pools" as combinations
are called IN the Street, so prevalent
as just now.
Few active stocks have been neglect.
ed In many instances the same
groups are working in three, four and
one case as many as half a dozen diff
ferent stocks. No longer do promi-
nent msgnates and leaders visit the
floor when they want to make a spoc.
taculaf play. This is not considered
efficient,
Experienced operators can be trust.
ed to do the POOLS work better than
those primarily interested. Therefore,
the up-to-date pool Is usually conduct
ed by one experienced trader, who In
given sufficient, inducement to war.
rant his putting forth his best efforts.
The Washington times., 1921-10-29

road Company will hold their regular
monthly meeting in Baltimore today.
George T. Bishop. president of the
company, will attend
After adjournment members of the
board and officials will inspect the
company's new freight and passen-
ger terminals, which are to be placed
in service tomorrow.
The construction of the terminals
cost in the neighborhood of 81 ,000. 900.
The Washington times., 1921-10-29
Corey Leads in Six
Company Steel Merger

Consolidation of six of the leading independent steel com
panes which il is expected will become effective with the
opening of the year indicated by the daily maneuver
The Washington times., 1921-10-29

anH In Philadelphla, New York,
Buffalo. Youngstown, Ohio, and
Chicago.
In these cities are located the
main plants of the leading COM
panies which are expected to
enter the merger.
The companies to be linked
In the plans now under way
are:
The Midvale Steel Company,
OF Philadelphia; the Republic
Iron and Steel Company, the
youngstown Sheet and Tube
Company, and the Brier Hill
Steel Company, of Youngstown;
the Lackawanna Steel Company,
OF Buffalo, and the Inland Steel
Company, of Chicago.
The outstanding capital stock
OF these companies in 1920 was
approximately $30O,000,0OO and
IN that year they did a gross bust
ness of nearly ShO0 OOO mn
The Washington times., 1921-10-29

Studebaker Good News.
Remember that the quarterly report
OF Studebaker to be issued Monday
The Washington times., 1921-10-29
Rediscount Rate Cut.

The low rate of ~ to Az per cent
on the recent issue Of Treasury GER
tificates is regarded as added indi-
cation of a lower rediscount rate
soon.
The Washington times., 1921-10-29

NEW YORK, Oct. 29.-The action
OF the railroad unions In calling off
the proposed strike comprises the
main topic OF trading conversation.
Naturally the primary effect Is bet
t.r feeling. as a complete tie-up under
existing business conditions would
have produced considerable hardship.
However. there are number OF
experienced followers Of the market
who do not regard the action as
bullish.
One such broker states: THE action
is gratifying In the abstract TO the
friends of the market. but not In the
essential fact to the owners OF rail.
road securities who look ahead to
the time when many OF the ques-
tions In controversy now being shelv-
ed are again to become troublesome.
Nothing has been settled perma-
pently."
The Washington times., 1921-10-29
Wall Street Gossip

will be the last good news OF the COM
pany until next year.
The Washington times., 1921-10-29
NIidyale Steel Report.

M.dvaie. the last of the steel com
panies to report, will issue It's quar-
terly statement on Wednesday.
The Washington times., 1921-10-29
New York Cotton Market.

FURNISHED BY W. b, Hisos g Col
Every evening, Wilmington daily commercial., 1921-08-09
POPE MAKES APPEAL
TO SAVE RUSSIANS
Asks for Prompt and United
Action to End Sufferings
OF Millions.

By Associated Press to Every Evening.
Rome. Aug. s.--An invocation to
Divine Providence to hasten tho end
of the tremendous scourgc that is af-
flicting Russia is contained In the ap-
peal OF Pope Benedict for aid for the
starving and plague afnicted RUS
SLAMS. made In his letter to Cardinal
Gasparri. the papal secretary OF state,
inviting all Christians and civilized
peoples to contribute generously to
this cause.
The Pope in his letter instructs
Cardinal Gasparri to lay the subject
before the governments of the vari-
Gus nations Tor their prompt and
cfflcacious common action in the
name OF love OF the Divine Redecmer
who gave His blood to make us al
brothers
The Pope's letter implores aid FOR
the millions of men in the Basin of tho
voiga who arc facing the most terrible
death. invoking suceor from humanity
This people" the letter continues
although separated from us by bar
riors raised by long centuries are. be
cause of their calamity, near our pa.
ternal heart"
Every evening, Wilmington daily commercial., 1921-08-09
DELAWARE GRANGE.

Newport, Aug. 9.--Delaware Grange
met in Red Mems Hall, last evening.
with a good attendance. Several
visitors We're present from Diamond
State Grange, Stanton.
Announcement was made that New
Castle County Pomona Grange would
meet at Red Mems Hall, Newport, on
Thursday. September i, as guests of
Delaware Grange of Newport, and the
following committee was appointed to
arrange for entertainment: Mrs. Eliza
beth Hiiyard, Miss Irene Gregg. Mrs.
r. p. Robinson. Mrs. J. c. Slack and
Mrs. f. c. Snyder.
Permission was granted to the New
port Canning Club to use the grange
meeting room next Monday evening,
for the purpose OF making public
demonstration of canning work
George l.. Snyder extended an in
vitation to meet at his farm, near
Ogietown. on Monday evening, August
%, to enjoy a social evening, and the
following committee was appointed to
arrange for same: Mrs. +. c. Snyder,
Mrs. Elizabeth Hiiyard. r. p. Robin
son, Misses Blanche Crawford and
Emma Maclary.
A business meeting of Delaware
Grange win be held at Red Mems
Hail on Monday evening. August 20.
Every evening, Wilmington daily commercial., 1921-08-09
RAIL STOCKS ADVANCE
UNDER STRONG DEMAND
Higher Prices Generally Extend
to Most Of Actual
Shares.

Ny Associated Press to Every Evening.
New York. August e.--tWail Street.
1870 a. m.)--Prices started on today
with a continuation of yesterday $
late upward tendency. Gains. how
ever. were slight in most instances
and business small. traders holding
OF for further developments in gener-
al conditions before taking definite
stand In the market.
American Car gained Ia, Famous
Players and Kelly-Springfield !, and
Northern Pacific. Canadian Pacific and
Peoples Gas one-haif point.
Mexican Petroleum was heavy,
losing three quarters. while Colorado
and southern and Westinghouse Elec-
tric sagged one-half point.
Completion of yesterdays urgent
covering in demand sterling and a
more liberal supply of commercial bills
carried il down to 366 compared with
s.T2i.. yesterdays highest. Trans
Continental rails also were shaded.
Noon-There was broad demand
for railroad stocks at midday. Great
Northern preferred, Northern Pacific
Canadian Pacific, Southern Pacific
New York Central. Reading, Chicago
Northwestern, Louisville and Nash
Vile. Missouri Pacific preferred and
Baltimore and Ohio preferred moved
up 10 Ia.
Elsewhere. apart from Generai Elec-
tric. Mexican Petroleum and the
Mexican Oil issues, higher prices ruled
with the tire. sugar, American Car
Great Northern Ore and Peoples Gas
issues in best demand.
Call money held at per cent with
he demand from the interior for ag-
+. ricultural needs increased.
Every evening, Wilmington daily commercial., 1921-08-09
FINANCIAL NOTES

The Atlantic. Gulf and West Indies
Steamship Lines have arranged tenn
9urrd a loan With New York bank,
originally so 100000. TO ISIS 900
Directors of Famous Players Lasky who
we're scheduled to meet MONDAY ior diy1- y,
There has been excellent buying OF tms
stock on every recessio toward a. F1rms
which have been buyers expressed te tne
opinion that when directors meet the
regular dividend viii be authorized.
Number of holders OF General Motors
Corpora ton stocks increased by b.451 TO
65 .324 during the sixty days TO August /.
Such showing bears out the general in
formation that at and around the present
price there has been very general buying OF
the common by small investors
n he 81. H Franklin Manufacturing Com
pany. which has been doing large and
expanding business when some automobile
building concerns have been slack. VIII
issue q. 500 600 additional per cent pre-
fcrred stock. making the amount out
standing &6.636. 800
"Fzrm production this year viii fall
10 per cent below the record made last
season" says the annual crop review OF
The Continental and Commercial Trust
Bank of Chicago The important cereals
return to the average yield of previous
yssrs. The crops gathered and indicated.
With the large carry-over, viii urlish the
country With supply equal TO It's needs
and With q margin for export to the
countries which have been less favored.
The financial district was more in terested
inchonse than in the movement Of stocks.
There was report that certain banking
Interests relying on An inflow of grain bills
had soId sterling short. London sent early
cables three cents above our close Sa tur-
day. This started short covering which
carried the price up more than eleven
cents above the recent low.
American Locomotive and Has ell &
Barker were strong fed lures of the equip
qnent group yesterday. Buying of the
1Druer WAS predicted upon the very IA
vorablc earnings statement which is ex-
pected within few days. Haskell &
Barker is known to have been getting
somewhat more than it's share Of the equip
ment repair work and this. together with
the declaration of the usual quarterly divi-
dend of 81 today. accounted for the
buying
The sta tement OF earni ngs Of the ALI.
Chalmers Manufacturing Company for the
nrst six months of 1921 is expected to bs
made public within the very near future
According to estimates made in Wal
street yesterday il is expected that the
prodts available for the common stock
will be equal 70 more than twice the divi-
dcud requirements on the common stock
for the period The company is paying
dividends at the rate Of per cent on the
common stock
Every evening, Wilmington daily commercial., 1921-08-09
PHiLA. PRODUCE MARKET.

sv Associated Press to Every Evening.
Philadelphia, Aug. 9.-Wheat, high
er: No. red winter, l.sl@l,se do,
sarlieky. 1.2I@1.26.
Corn, lower: export No. 2, 6e@sso;
10. No. 3. s7@es; No. :. local trade,
5s1z@s7iz.
Oats. firm: No. . white, asa @4eh7
No. white. 44G4Th.
Butter. lower; nearby prints, fancy,
54G56: western creamery, extra. 43.
Eggs, frm: nearby firsts, AZ; do,
current receipts, Al; western extra,
irsts, 4o@41; do. firsts, SSdss; fancy
selected. packed, 53G54.
Cheese. quiet and steady; New York,
whole milk. fancy flats, fresh. 22tGss;
sair to good. 20@21: long horn fresh.
.2d "a; single daisies. fresh, 22-
Live poultry firm: fowls as 10 quality,
26@ 80; spring chickens, broilers. 500
80: do. leghorns. 256So: old roosters,
iGGls: ducks, white Pekin. 2l@2s;
mixed colors. IsG20.
Dressed poultry, quiet, fowls lower
fowls, fresh killed. choice to fancy
ss6 IS: do, small sizes. 25@s5; broil
ng chickens. S663S; do, western 80
9-e: old ROSTERS, 2e625; ducks, Lons
Island Is; do. nearby. 81.
Potatoes, firmer; nearby No. ] pei
basket, 1.oo01.15; do. No. 2, soG6o;
nearby. barrels. 4.50@5.oo.
Flour, dull: soft winter sthaishi
xc~tern. s1o@s.35. do. nearby. 5000
SIS: hard winter, straight, I-25dI.I5
u short patent, 7.eo@s.oo; sprin'
4rst. clear. 7.7o@7.75; do. patent e.s
$3.50; do. short patent, s.o0@lo.oo
sancy spring and city mills, paten
family brand, 10.25G1o.5o.
Hay, quiet and steady; timothy. old
No. 2, 2s.oo024.oo; No. 3. do. 10000
rso: sample, 1s.o0G1s.oo; No grade
f3-oo@I5.oo; clover mixed hay; old
light mixed. 21.50@22. .oe; No. ! mixed
so.ooG21oo; new hay, 1s.oeG22.oo as
20 quality.
Tallow, quiet; prime city loose, 3A
10, special loose, Az; prime country
"a: edible IN tierces, 6A.
Bran, dull; soft winter western, ir
i5o-rb. sacks, 25.ooG26.oo; spring
s4.oo@25.oo.
Every evening, Wilmington daily commercial., 1921-08-09
81, ,001 ,096.70 As
WORKING CAPITAL
FOR SCHOOL BOARD
Continued From Page /.


treatment of ceilings reported M need
Ing repair, the matter Of folding par
tifions recommended In certain rooms,
and action on portable or knock
down. buildings to afford additional
seating capacity. Incidentally the
question OF fuel supply and modified
equipment of heating apparatus was
also taken up.
The ceiling question came up on
the report OF Mr.. Chandler. to whom
had been referred as a committee OF
one, the matter of between 20 and 20
rooms for which metal ceilings had
been recommended by the supervisor
of repairs, at an expense of about
IS 900.
Mr.. Chambers report was adverse
to placing any metal ceilings at this
time. but confining repairs TO replas.
tering where necessary. He explain
ed In the course of discussion that bs
favored metal ceilings In principle
but thought that their application
should be made on a progressive and
thorough plan. placing them in each
school building throughout, until al
shall be so equipped. instead of piece.
meal, in a room here and there.
Mr.. Stradley expressed himself IL
favor OF replacing any dangerous cell
fngs that may be found. on motior
of Dr. Banton, the matter was laid OF
the table.
Preparation of plans and specifica
tions for portable buildings. so tina
competitive bids may be called foi
was decided upon, and Supervisor o
| Repairs croney was directed to Sc
cure these.
Bids on portable partitions for rooml
IN schools Nos. 2, IL. ~, % and 20 viii
be obtained.