davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07
5000 DISL0YAL TEACHERS
IN u. S., SAYS lEGl0NARY
Investigator Declares 1000 Of Them
Are In Colleges and Universities

Washington. Feb. lily y. PO-
There are 5000 disloyul teachers In
educational institutions in the United
States who must be removed, Henry j.
RYAN. Of BOston, chairman of the
Amcricanism committee of the Ameri'
can Legion, declared today at meet
ing here of the Legion's executive com
mittcc. He estimated that 1000 of these
were in colleges and universities.
Efforts against 'the street corner
radical Is useless. Mr.. Ryan said,
while school children and college and
university students are being taught by
disloyal instructors.
Mr.. Ryan announced that meeting
of representatives Of all organizations
doing characterization work would be
held in Washington, March 10, for the
pnrnose of consolidating all such work
The organizations to be represented will
he the American Federation OF Labor.
the knights Vt Columbus, the Y. NJ. G,
A.. the Y. W. C.. A., the National
Security League. the Masons, the Elks,
the Woman's Roosevelt Memorial As
socintiou. the Rcd Cross and the Sal
YatiOR Army g.,
The executive committee will consider
tho Nrror of the Knights Of C0lu nbus To
rive 81, 900 900 for the erection Of Il
national memorial to the men who lost
their lives in the late war to bo erected
In Washington Some members arc
understood to be opposed to the nc
ceptancr Of the donation because of Il
clause in tho offer which provides for
ioint control with the Knights Of Co.
Iumbus as being against the policies OF
the America Legion.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07
HARDWARE MEN
OPEN CONVENTION
Four-Day Session to Advance
Interests OF Trade Starts
at Hotel Here
MAYOR TO GIVE SPEECH

Hardware interests are being con
siderod at the convention Of the renn
qylvania and Atlantic Srabonrd Hard
ware Association, in session for four
days, start 'ng today. az the Bellevue
Stratford. The exhibit Of every line "t
merchandise handled by the hardware
trade will be an important feature ot
the convention. =,
Mayor Moore will make his address ot
welcome TO delegates in tho Rose Room
of the Bellevue Strntford this evening
Henry g. Snowden. Jr., Of Media. IA,
resident of the organization, will out
line the object of the convention. BE
ginning tomorrow. the rest Of the ses,
Rions will he held at the Commercial
Museum. Ilew Soulp, editor Of Hard :
ware Age, will read Q, paGGer on ~
Talk on Craftsmanship. ''The Selling
Game" by A. II. Vnyo. Chicago: and
Your Business Records" by =. X.
Miles, national field service manager,
will be features at the Wednesday morn
ing session.
Colonel Sheldon Potter president OF
the Chelten Trust Co.. will speak at the
Thursday morning meeting on "Finan
cial Conditions" He will be followed
by II. Is. BOyce. director Of the National
Retail Hardware Association. who will
| talk on Excess prnfts.' and Sharon
e. Jones. Pittsburgh. secretary of the
organization. whose address will be OF
Your Best Investment"
The exhibition will be the largest o
its kind held by the association. More
than 400 exhibits will be- shown by
wholesale hardware dealers from man!
sections Of the country. The Simmons
Hardware Co. has over its booth hug
spread eagle with Tapping wings mad
OF knives. The largest exhibit Is tina
Of the Supplec I'iddlc Co.. which com
prises fifty four booths. Each variet!
of wares is given an individual com
partment. The bicycle booth will b
devoted TO races by professional speed
ers. II also has an electric fountain
set In ferns and shrubbery, a miniatur
OF the one in Logan Square. Over tn
display hangs a large ball made Of tin
mirrors, which Is revolved by an electri
motor. II is 80 arranged that at nigh
four senrchlights can be trained on
from different parts Of the buildinE
Scattered among the display Of huntin
equipment are number Of stufe
foxes, rabbits and chipmunks.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07

was one Of declining prices, as a whole,
throughout tho list, there is n feeling In
the best market circles that within a
reasonably short time, unless there are
turther largo offerings Of securities, n
dscldcd turn for the better will take
pace MS 1t is regarded ASIA certainty
thnt the present indigestion Of securities
WIN nave been overcome and better de-
mand created than now obtains. In the
securities that have been made during
thc last couple of weeks, II Is not diff
cut to find IN explanation for the
downward movement which has been
uhder way In practically all issues.
Bond men realize that a perfectly
good healthy market can easily be de-
stroyed by too extensive offerings Of new
issues, and yet whenever there IL any
pronounced Improvement In the market
there Immediately follows concerted
move on the part of numerous Of the
lnrge houses to flood the market with
unusually large amounts Of bonds,
notes, etc. When the new issue OF
PENNSYLVANIA Railroad 8h per cent
bonds was heavily oversubscribed, there
was feeling In the trade that this
might have a tendency to turn the entire
market for the better and bring about q
Va NiNhu III DttCtbs
Slump In Pennsylvania 81Ss
IT subsequently developed, however,
that the Pennsylvania bonds were not
as well distributed as might have been
desired. as within day or SO after the
allotments were made there was a sharp
reaction to n level below the price at
which the issues was placed with the
public. Eventually, these bonds. un-
questionably, will experience better,
ment, but the opinion at the moment
in the best bond market quarters Is thnt
such situation will not develop until
after the bonds have become botter dis
tributed.
offering of Chile Government bonds,
The bankers engaged In the transaction
already have made a definite proposition
to the Chilean Government which Is
awaiting an answer. 1t is understood
that Chile was desirous of obtaining
$50 100000 Of new money, but the
bankers are said TO feel disposed only
to favor her with half that amount
This IL the first South American
financing that has been undertaken in
this country for some time past, and
while there are other South American
counties that are desirous.of obtaininB
financial accommodations here It was
said that the success Of the Chilean
undertaking will have an important
bearing on whether or not other trans
actions Of this character will be arranged
at the moment.
Numerous European governments
also are said to be desirous of nPgOtiat-
ing loans In this country, and II the
success of recent foreign government
issues may be accepted as a criterion, a
reasonable degree Of success would at
tend such offerings, assuming. OF course,
that prices were made equally as attrac-
tive as those carried By the Belgian
and Denmark issues.
Poor Market for Short Term Notes
Because of the unusually high interest
rates which obtained last week, the de-
mand for short term notes fell off con
siderably and prices declined to an ap-
prcciable extent in some issues. with a
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07

generally lower level being established !
throughout the entire list. Naturally.
when money rates stifened, the de.
mand for short term notes weakened
ecause institutional buying Immediately
becemo eliminated es a factor In the
market.
Market Opinion
Hughes & Dier - Stabilization OF
production costs at a level which stimu.-
lates consumption, Is, a matter which
calls for the best thought and the best
effort OF our people. There Is much
which should be done, and much which
can be done, a great deal OF which Is
already being done, and this is encour-
aging, far sighted investment interests
to go into the market and absorb our
sound dividend and interest. paying in
vestment securities in volume which
IL, IN many cases, denuding the market
Of the floating supply Of such issues.
Careful obscrvati tion indicates that mat
ters are gradually working themselves
out into better shape, that conditions
arc improving day by day, and that the
country IL getting rapidly f0undntioncd
on such basis that not only VIII busi-
ncss improve and become prosperous,
but also that the market for securities
Will sympathoticnlly improve and that
we may coniidsntaiy look for strong
and buoyant market before the close of
the current year"
West q C0.---As against q general
opinion that n reasion should have oc-
CURED In the latter half OF January, the
market has held tn the level established
early in the month. Many professional
attempts to bring about a renewal OF
the downward tendency have failed.
The main reason for this .steadiness
Is the better sentiment In business since
the first Of the year. a fnfr demand
| now exists In leather. silk and cotton
goods. and while other lines. such az
steel and oil. have been compelled to
being done than in November or De-
cember. II IL n little early in the year
| to make definite predictions that q fall J.
ing off will not again occur. but at the
moment II seems unlikely. Another rea e
son for the steadiness OF the stock mar
ket Ia the improved condition OF the
banks, as IL emphasizd by the last report
Of the federal reserve system showing
ratio of reserves to deposits OF ~.
per cent, against 4S.5 per cent OF the
! previous week and 44.5 per cent
| year ago.
Hecker 4 Cove have had enough
bad news OF oil sorts last week which
with 3 per cent and 0 per cent money
would have caused a serious decline hat
it not been that many stocks are sell
ing below values. Notwithstanding th'
extreme pressure and pounding the mar
ket has been subjected to since Monda.
prices of active stocks are very little of
from the closings of that day. Judginl
by the slight progress under eItremel,
bearish conditions the natural infer
ence would be that easier money and
little good news would cause a sub
stnntial rally. THE TRADER.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07
GOSSIP OF
THE STREET

Inc expressions of opinion heard In
,no financial district at the close OF last
week were tho same as those that have
peen hoard steadily for weeks past. con-
slsting almost wholly Of talk about un-
Invorable development and predictions of
coming declines. These statements were
heard IN various circles, ranging from
privilege brokers to leading members
OF the stock exchange and practically
al the trading element seemed disposed
10 take a position on the benr side, re-
cruits being added TO the bear ranks ns
they nave been constantly, day nfter
doE; for long time past.
inere 10 continued discussion of the
.uiroad situation and IL Is thought by
lluny tnat the statements made by Gen
era erai htterbury would have an influence
.os oniy on trading in matured railroad
,,,Li nyLeinIities but on the new financing
M Tnlcn many companies have in prospect.
a,,e,, a,,c stecl corporatl lon statement of un-
iliied orders to be issued next Thursday
IL expected to add another factor To the
many bearish influences which have besn
incentive for putting out abort lines Of
STOCKS since the covering occurred
around the. middle Of last month,
phe market, however, has been nc =
eustomcd to these attacks and there are
n SUM- VINO comment on the fhct that
whiie the bear element Is easily success :
,ui IN forcing declines ot frequent inter
SuIs that actual long holdings have not
oeeh disturbed and II is a matter of
general understanding in the street that
most OF the recent selling has been for
short account.
=, outside Of the speculative element
mere II no indication of uneasiness
aDout the market outlook and the
sta,enient IL made about steady accu
mutation of many stocks by important
,,Hterests: 1t il again stated that
ohltcd states Steel common Is beins
steadily taken from the Street and ref
erence is made to the manner IN which
!nnt stock acted last week as indieat
extremely small.
the trading, but who have had Iittl,
70 say, refer to the action of Senrs
hoebuck and Atlantic Gulf & West
Indies as indicating that the short DO
sition in the market has become over
crowded and they looK tor urgent GOV
ering OF shorts in many Of the activ,
stocks during the coming week.
American Hide & Leather preferred
which has been in urgent demand il
the loan crowd for some days. IL ais,
spoken of as stock In which covering
OF shorts may make substantial
change In its market position. Simila,
statements are made III regard TO Cru
chile Steel and Baldwin Locomotive.
There is ray of nope furnished IL
the easier situation in the call none,
market on Saturday, moderat,
amount Of money being left unloanec
| - L.. e
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07
LONDON STOCK MARKET
Scattered Liquidation Causes irres
ujaritv-Olj Group on Mend

Inndon. Feb. There was scattered
liauidation OF securities on the stock
exchange today and the markets were
irregular Trading, remained dull oper;
ators in the oil department proceeded
cautiously. but the group was on the
mend. Shell Transport was 5-le and
Mexican Eagle 5h,
Industriais were without leader
and checkered. Hudson's Bay was o
Mexicans were strong on reports OF
financial negotiations with New fork
bankers French loans held well
Changes In the gilt-edged section were
narrow and miNed.
Dollar descriptions lacked steadiness a
moving with New York exchange. The
shares OF Home rails were heavy Ar
gentina rails wavered, but alterations
we're confined to fractions. kaffrs were
hard.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07
NEW YORK COFFEE MARKET

New York, Feb. 7. Poor cables
from Brazil led to a lower opening in
coffee futures this morning, with call
nrices 4 TO 4 cents lower. Little at
tention was paid to the decreasing re-
CENTS at the principal primary points.
The market was under the influence
If rather heavy March liquidation dur;
ing the morning and prices TOWARD
midday we're working lower March
Jmlv To- 7l2 or ~ to IL points below
the preyious closing figures. About
a, 900 bags Of March coffee had been
traded in up to II o'clock.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07
MATzENAUER TO s {
opera Star VIII Aid Fund for Chill
dren's Hospital

Nine. Margarcte Matzenauer will
give a recital at 3 o'clock this after
noon nj the Academy Of Music, nroad
and Locust streets. tor the benefit Of
thc ,rhildrcn's Homeopathic Hospital.
r'Klrklin and Thompson streets. The
; anp,it will be- held under the auspices of
he Women's AssoCia tion,
: Mine. MatacnauPr is considered to be
one Of the worlds greatest contraltOs.
Yer last appearance in this city was in
the role of Isolde, In Tristan and
Isolde" at the Academy of Music, Jan
uary 19.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07
shrlnkass In state Fund,

Harrisburg, Feb, THE statement OF
OF general funds of the commonwealth
OF PenRsylyania shows the total on hand
january 81, exclusive OF moneys appro'
grrinated to the sinking fund, u b. s6ss.,
81, 1870. OF the total deposits 80 $3.50.
ebI PhIladslphia Institution nold
s2es.Sss January 81, as against S8fs,67l
January 81, 1920 '
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07
Proposals

Sealed Proposals will be received at tbs
II city Hall. on Friday, February Is, 1911
al & O'Clock. y. m. and then and there pub
- feet 10 !nCEes wide Aug feet q Inches long.
With IPpvrtSSnaE1HG;sss snTs, a. fiS! Ne J. Spruce
plans ard specifications on file a. ofncs
OF Harbor Engineer.
.s.n ~ certified check to the amount or
1000 90 conditioned that the party making
the nd will execute contract. on being
The Committee reserves tho right 10 reject
apv or nl bids and 20 waive any defect or
;ntormallty IN any bid. should Il be deemed
10 the best interest OF the city so TO do.
stoci and Masonry Shed to
"'''' GEORGE ". BRADLEY,
chairman Harbor Commission Commtttes,
Room No, II. CITY Hall. Camden. ". j.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07
Financial Briefs

The average price OF twenty active in.
dustriai stocks gained 81 per cent, 70
75.0b, Saturday, while twenty railroads
advanced "a per cent, 10 1890.
In the last year the Federal Reserve
Banks have reported substantial re.
duotion In the amount OF loans TO mem.
beF banks on paper secured by govern
ment war obligations On January rs,
total OF loans secured by government
pared with sl,4S4,300, 900 on January q,
1920, a decrease OF sisb, 100000.
The Columbia club announces that II
Is prepared to redeem second mortEags
bonds as provided IN the mortgage, and
requests holders thereof to send their
names and addresses and invite tenders
OF said bonds for redemption.
Great Britain reduced her national
debt by Sl.235, ,OO0, 900 In 1870. The Brit
iAh debt outstanding on December 81
was $2g, q, 0O0, 900, compared with total
debt Of si0,S9b, 100000 at close OF leip'
Less than one.slxth of the British debt,
countries, principally to the United
States.
New financing of the Invincible on
Corporation will be acted on this week
at a meeting Of stockholders. The issue
VIII be the form OF per cent oonvertioie
Totes and amount to about $4,000, 600.
OF this, 100000 will be used TO meet
the per cent note Issue, which natures
next month and the balance as adoi-
tional working capital.
Announcement by the New YORK stock
Exchange Clearing House Corporation
that It would begin handling Liberty
bonds February 10 was rectiHed WIN
considerable Interest In financial circles
as II will mean elimination, OF mucn
| transporting OF Liberty bonds through
streets In making deliveries ana mini
| mlZe danger OF robbers.
| The annual report of the +. W. Wool
worth Go, for the year ended December
81 shows surplus, after depreciation
charges, federal taxes and preferred
dividends OF ss,9lI7Sl, equivalent =
! sl3.S7 share on the tbb'oOo,Ouo com
mon stock This compares With surplu'
OF SS554.4S5. or flI11. on the outstanu
Ing S5O.OO0,OOO common stock IN TN
previous year
Though current earnings are runninl
at Il low rate, American Smeltings ne
| In the nine years to December 81, 1919
averaged si2,7s8,9si annually, and IN
balance available for the common stoc
averaged s7,273,266, equal to $ll'9E
shere on the s8o,s9e,o00 common noI
outstanding. On basis Of this record
does not appear that directors over
stepped the bounds of conservatism
authorizing the usual dividend AZ IN
recent meeting.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07

Net earnings of the Chicago, Milwau
kee and st. Paul Railroad Co, for 1920
arc estimated at approximately $500
600. or the equivalent Of about s4.74 a
share on the preferred stock. This esti.
mate is based on federal compensation
for eight months and earnings under
private management for four months.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07

The Columbia club announces that II
is prepared to redeem second mortgage
bonds as provided In the mortgage, and
requests holders thereof to send their
names and addresses and invite tenders
OF said bonds for redemption.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07
Lapland erInas ss.2oo, 600 In Gold

New York, Feb. THE White Star
liner Lapland arrived with $3,200,000 In
gold bars consigned to Kuhn, Loeb & Co.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07
Dividends
The Shoe Repairers, Inc.
Philadelphia

A quarterly dIvide"d Of two per cent (eqsD
on the preferred stock has been declared,
ppyable February 3. 1921. TO the preferred
stockholders OF record az OF december 81,
GEO. ]. BAsSING
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07

s.l5s THE REGULAR STATED MEETING
sG OF the Directors OF the AIIentovo
Rolling Mills will be held at the orioe OF the
rOmpany. 253 DreSel building. Philadeiphla
Pennsylyania, on Tuesday. February is,
''|'' u RtissELI. HUDDERS, s.cy.
s.,S5s THE REGULAR STATED MEETING
AZ Of the Directors of the AIdricb Pump
Company will he held at the once OF tbs
cSmpany. 26S Drexel Building. PHI dsiphIs.
pennsyIvanis, on Tuesday. February lb,
II RUSSELL HUDDERs. secy
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07
TIDELITY TRUST COMPANY

s-S Philadelphia, January 28, 1921.
The stated annual meeting OF the stoch-
holders Of this company will be held at ito
ofFcs. 3o6.93I Chestnut Street PhiIs deIphis,
on Tuesday. February ., 1921, ct ~ O'clock
nson Ts",nr, 'o Tor 80 ' sGsans year Snd for % Ss
trnnsaction - such other business as may
10 brought b fore them.
JOSEPH McMoRR1s. Secretary.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07

The average price OF twenty active in.
dustrial stocks gained 81 per cent, 20
75.Ob, Saturday, while twenty railroads
advanced "a per cent, to 1890,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07
- THE pESNsfLy.ANA AcADKMY

Tho ANNUAL MEETING Of the Stock
holders for the election Of four directors to
sorve two years viii ne held at ne Academy
February 7th, Mt three o'clock.
,-5= THE ANN UAL MEETING or
USY Stockhoiders Of tho Surpa.s Leather
Company, and an election for Directors 10
,Se once Of the Company; Ninth q Vest
m6reiand Streets. Philadelphia, on We'd
"ssdHSi SFHcnr Wv pTsrHR Yp = ~ sTy'RSES' sse sneon
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07

Because of the unusually high interest
rates which obtained last week, the de-
mand for short term notes fell off con-
siderably and prices declined to an ap-
prcciable extent in some issues. with n
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07

e555;= THE ANNUAL MEET.,NG OF THE
COMPANY o'SfR'oSe Wi be- he'd p tn. ses q ne
SomSHny 2I2 pssxoi fsS fsSSl'dISF JBhas'pbls
q M, Tor the election Of hve Directors To
serve for the ensuing year and for such
WV. u RIlHSEi.. HtDDERS, Arcv ~
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07
Annual Meetings

szsyp WARWICK IKON 4 STEEL COMPANY
The Annual Meeting " the Stock.
holders OF the WARWICK Iron stesI Compsns
Company, 523 Chestnut Street. Tuesday.
tcbrpary sth; 1921. It Z o'clock p. d. for
for the ensuing year.
Transfer bookg " the Company will close
January 2Oth Rnd reopen February 9th. 1921.
u. Y. NAt.I.MAN. arcrrtary.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-02-07
. offiCE OF

Philadelphia. January 21. ia3i.
An Annual Meeting Of The Stockholders OF
Tussday, Febvuary o. Is2i. at Is o'clocI
M. and on the same day an election will
End I O'Clock p. M. for Directors 10 asrNrs
during the ensuing year.
TT T. Mari Nv c...-.-
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1921-03-24
Real Beer Still Withheld.

Attorney General PaImer's ruling
that beer of alcoholic content exceed-
ing one-half Of one per cent may Ne
produced and sold for medicinal pur-
poses, with subsequent activity of
brewers in other cities, has not at
fected the situation in Madison in the
slightest degree. Both the HausmaI:n
and Fauerbach breweries have quan-
tity of real beer on hand, as ii must
be made with considerable alcoholic
percentage before near beer can be o.
tanned by reducing the content. "lf
we received further assurance that the
sale of real beer for medicinal prr-
poses was permitted, we could place
upon the market a considerable amos
in less than "A hours" asserted Carl
A. Hausmaun. AT present, however,
the attorney generals order has not
resulted in any increased production
Of beer in Madison"