davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
MARKET DISPLAYED.
GOOD RESISTANCE
Renewed Strength in Rails
Stabilized List After Early
Feverishness

New York. July THE feverishness
attending the movement Of today's stock
market was a natural sequence OF the
violent fluctuations of the two preceding
sessions. The trading, while retaining
distinct highly professional coloring,
was decidedly more two sided as result
of the conflicting operations. including
liberal realizing of profits, further
short covering and fresh short selling.
The market on the whole displayed
strong undertone and seemed to possess
increasing resistance and later in the
day developed definite resiliency.
In a point of news the more impor-
tant over night development was sup
piled in the announcement of further
price reduction and additional wage cuts
by the United States Steel Corporation.
This action had long been expected and,
of course, was hurried along because
Of the position assumed by the Bethle-
hem Steel Corporation over the triple
holiday. The market effect was almost
nil. If anything, there was a disposition
to place constructive rather than de-
pressing view, in that the street inferred
that the steel companies were at last
going out to get business and had rec.
ognized 1t could only be obtained
through price concession.
The question uppermost in the minds
most OF all concerned was how much Of
the short interest had been driven in,
and whether the remaining outstanding
commitments were of sufficient volume to
carry the recovery movement along
without additional impulse from other
quarters.
1t was generally recognized Mt the
same time that yesterdays swift and
extensive rebound was certain to bring
out considerable amount of profit TAX :
Ing by both those who had supported the
market and those who had the temerity
to buy when everything seemed to bn
going. to the bowwows. The liberal
realizing sales encountered at the open
ing confirmed the latter deductions, but
the markets absorption capacity was
unquestionably much better than gen :
orally believed. In all events, after the
early uncertainty the whole list again
turned strong, although price movement
continued highly irregular. With the
renewed strength in the rails, however
around midday there was distinct
hardening tendency, which virtually ex
tended to all parts OF the list.
At the outset many of the active
stocks forfeited a part of yesterday
substantial gains. In all the specula
tive. favorites. notably the foreign oils
| pront taxing appeared on an extensive
scale. Additional realizing sales ant
the opposition of the shorts created
much irregularity during the aCtiv,
forenoon. Studemaker led fresh rail-,
in the second hour, rising three point
In short order, which in turn, produced
increasing uneasiness on the part of tn,
bear party because of fears of a repeti
ton of yesterdays rout. 1t was evident
however, that the supply and demanC
was about evenly balanced, but whel
the market again began to show signs o
webbing. activity was shifted to th,
rails, and the renewed advance in thi
group eXerted distinct stabilizin;
effect
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
Commodity Markets
GRAIN MARKET

Chicago, July 7.-Wheat started
with July unchanged to 1ac higher !;
September unchanged and December
steady to Ac better. Trade was mod
crate with buying by leading commits
sion and shipping houses. Receipts
inspected yesterday were 70 cars; last
year, Is cars. The cash market was
steady for red and easier for hard and
spring grades.
Early weather reports show good
rain at Minneapolis yesterday and gen
orally fair and warmer elsewhere. EX-
port business yesterday was estimated
as high as 100000 bushels, mostly
to Germany. Country offerings to ar
rive are fairly liberal.
Corn startll 19c to 9sc higher for
July, 1sc lower to l2c higher for Sep
tember and Nc to 94c higher for De-
cember. Trade was light with scat
tered buying and lack of selling pres
sure.
Oats opened 1sc higher for July; 3sC
to 1ac up for September and l4c to laC
higher for December. Cash interests
were the best buyers.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
LOCAL TRADING
EXTREMELY FLAT
u. G.. |. Firm, on the Assurance
of Obtaining Immediate Re-
lief From Council

Considering the invigorating influence
of the violent bareback on tho big board
and the growing belief that the worst of
the liquidating movement had been seen,
trading the local stocks today was sur
prisingly fiat. The greater part of the
list was almost motionless and what few
price changes were registered were ac-
cOmplished on small odd lot transac-
tions.
United Gas Improvement was one OF
the strongest spots, holding firm al
35h. yesterdays top price. In view
of the assurance of company obtaining
some relief from it's present difficulties
in the operation of the local gas plant
the trading was very indolent. There
seemed to be n confident belief that the
ordinance offered by Councilman Hall
granting the company the right to ad-
vance the price of gas to S1.25 for Q
period OF one year would be accepted
as the Roper resolution would NEAR
further delay.
Philadelphia Electric preferred was
another feature of strength, advancing
to 2G3s. Pennsylvania Railroad ruled
firm also, but the dealings We're tht
smallest registered in n long time. II
most of the other local shares the trad.
ing was perfunctory.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
FOREIGN EXCHANGE

New York, July 7.-Foreign exchange
rates again displayed a reactionary ten
dency at the opening today. Sterling
was q cents lower, as compared with
the close yesterday, and other major
exchanges were also easier.
The quotations were:
Sterling cables 81, demand 3.7OH {;
franc cables 7.93, checks 1902; Bel
gian cables 7.s6, checks 7.S5; Swiss
cables 1880, checks 1877; lire cables
4.S1, checks 4.SO1a; peseta cables
1880, checks 1878; guilder cables
32.71, checks 32.66; Stockholm cables
81 80, checks 21.77; Christiania ca
bIes 14.13, checks 14.0s; Copenhagen
cables 1873, checks 1868; marks
1.32H.
The rate of premium in Montreal
TODAY on New York funds was 1875
ner cent. The discount rate on Cana
dian funds in New York was II per
Central European exchanges were
Greek. 5.G5; Rumanian, 1.4S2; Bull
gnrian. 10; Austrian, 10; Polish
.O5H; Czocho- Slovakia, 1.S3; Jugo-
Slavia, 81. -
YESTERDAYS FINAL QUOTATIONS
Psmand E4ss ,..., 57ff5:: 7::S5 4,8S az: 3::9::
ToDAY's OPENING QUOTATIONS
sterling Francs Lire Guildqrl
3sTpssa 1Splss ~. ::. S577f" 577f" rs iSSYi S55S9
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
LOW-PR|CED OILS
CURB FAVOR|TES
Tropical Group Irregular--ln-
dustriaIs Heavy--Motor
Shares Decline

New York. July There was a
pronounced broadening of speculative
interest in the curb market today. indl :,
eating n disposition on the part OF
many important interests to come into
the market as buyers Of stocks with
which they have been identified for n
long time.
This was shown to the greatest ex.
tent in the trading in the Independent
oil stocks, many Of the low priced is-
sues being in large demand at moderate
advances, while some of the higher.
priced issues fuctuated over wide
range, among them being Midwest Re
fining, which rose from 125 to 130.
The demand for these issues was nat
ural result of the tariff agitation grow
ing out Of the placing of an export tax
on crude oil by the Mexican Govern
ment.
tropical oils were irregular. Mara
caibo, after selling at 22A, reacted to
Ply, and then advanced to 2219. Carib
Syndicate was q weak feature, selling
down from 53s TO 8. Cities Service
issues were in supply in tho early trad
ing, the common stock then ranging
from 116 to 112. followed by a rally
in the last half Of the day. Interna :
tional Petroleum was steady with sales
diana was influenced by the. under
standing the stock will soon be listed
on the New York Stock Exchange, and
that issue rose from 64& to 65h.
Industrials generally showed q heavy
tone. Glen Alden Coal was traded in
at 36% to 80 and some Of the motor
issues continued to decline to extremely
low levels. Southern Coal and Iron
was firmcr, moving up to 1Ts. There
we're large transactions in Sweets Co
of America at 3 to 31s. North Amer
lean Paper sold at 3.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
COTTON MARKET

New York, July 7.-Rather active
buying at the opening of the cotton
market today, led by New Orleans and
Wall street, and based chiefly on the
stronger cables, caused an advance of
8 to 8 points In first sales. Con-
siderable Southern hedge selling and
moderate pressure from Liverpool sup
plied the demand to some extent, but
further support after the start carried
the list - points higher, and, at the
market was about 20 points over the
previous close.
The receipts at the-ports for the day
are estimated at 5000 bales, against
"a, 1888 bales a week ago, 7712 bales O
year ago and 1900 bales two years
agO.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07

count for the advance. A local i'm
porter was good buyer of March,
starting in at Tile and taking ali
offerings up to 7.15c.
Some little time after the call official
cables reported Santos 225 to 45O reis
higher with Rio 100 to 125 rcis up. and
portion Of the early demand came
from interests who had received this
news in advance Of the exchange cables
and on which they promptly covered.
Toward midday the rally carried prices
II to 20 points net higher, September
touching $50, December 500 and
March 7.24.
The local trade looked upon this
mornings advance in Brazil as n con
firmation of the recent advices saving
that the Government would lend its
support throughout the crop.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
SLAIN BY JAPANESE
Prominent Young EngIIshman Vic
tim Of Yokohama Burglar

YOkahama, July 7.-lBy \. 20
Ronald Hill, aged twenty one, son of f.
W. Hill, a prominent British resident
of Yokohama, was stabbedNo death by
japanese burglar who breke into the
family home in the foreign quarter OF
the city Tuesday night
Mrs Hill was awakened by the bur-
glar and seized the intruder, being
Slightly wounded. The son rushed in TO
defend hip mother and was killed: The
burglar escaped: :, -.
The father Of the young man Is hon
orary secretary of the British Associa-
tion here.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
BONDS
LIVESTOCK QUOTATIONS

Chicago. July I. - CATTLE -- Receipts.
l5o, to. go higher top yearIings, So; bulk
heiGsTs' iS4A{P99$ 9GOi go cannsrs and cutters
to 50c higher ), b1ogna bulls largely s., 50Q 81
butchers, S5250G.20; stookers and feeders
slow,
grades active, strong to 100 higher: othors
slow, mostly steady with Yesterdays aver
age, Top, $3.50: bulk $0W9.7O; pigs steady
to l0c lower bulk, desirable. SS.S5yO. %.
SHGEP--ReCcip'S, 10000 head. Strong TO
9jc higher Top native lambs largely $i0. 80,
bulk, $N;hOW 1920 culs, $4,000; choice
Idaho, Sll. %; good. 1898; Western weth-
ers. SlO.T6. bulk fat native ewes, $45OQrG,
mediums and heavles. 1901.
Pittsburgh, July 7.--IICGS-Recepts 1000
head. Lower. ItCavies, S0.508O.55: heavy
yorkers, ltght yoriers and pigs, sl05Udp
sSHEEP, AND LAMPS. Receipts, $50 hqad
~ IisXE$1Roospts, i25 head" I"''Iij Higher. her.
Eust Buffalo July 7.--CATTLE-Receiptq
geo SSoo hS$9d stsa@ay r, , Caves receipts 200
HOGS-Receipts, 260O head. Steady 10
90 lower. Heavy; $40. 25; mixed, Sl0'a6
and pigs, SO 5O@10.75; roughs, 81. 500 s;
stays, S4.5OGQG.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
French Bank Statement

Paris. July THE weekly statement Of
the Bank Of France shows the foliowlns
cnanRes! Gold in hand Increased iST 000
francsi silver in hand incronsed 93G, 900,
notes In circulation increased 2i4, 9G8 OO0;'
eral deposits decreased 81 lOl 900; bills dis.
counted decreased 1855 770, 900; advances in-
creased {e'l89, OCOi advances to the state
francs. N'"'''0oo
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
NEW YORK COFFEE MARKET

New York, July Tn spite Of the
rather disappointing Brazil cables, the
of 1 20 II poihts and there seemed 10
be nothing in the early news to ac-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07

Domestlc bar silver was unchanged IN
New York today at 99A O foreign, 500 c, un-
changed IN London tho pricc was un-
changed at 36h d.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
DIVIDENDS DECLARED
MIdvaIe Steel Meets Price Cuts

s. II. Kress & Co., quarterly / per cent oI
July 20.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
BANK CLEARINGS

Bank clearings today compared with cor
responding day last two years:
pnno ,e7 7&i3os 12fl bbs77oso bbS7o lPl9P
Boston '46,559,6ss 90. 80s,OsI 60,lOO, 613
baltimore l5,3i9,818 l5,491,Sl2 ooo ;...iss
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
.lG5 1G5 1G5 10
PHILADELPHIA BONDS
MoNEY-LENplNo RATES


NEw YORK-Money on call beth classes
of collateral. opened today at 6h per cent
for lending and renewing.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07

PuILADEIPHIA-Call per cent. time,
per cent: commercial paper. three TO six
N0te-'Thcfo are merely nominal quota
tlons tho legal rate Of interest In tho state
Plus premium and commission, time money
Tor thirty TO ninety days Is loaned at Z TO
thirty 10 ninety days, Ia loaned at 7 TO IA
Y,ar
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07

New Orleans Railway and TJ,b, 70 4, NJ,
paving interest due July / on its 4l5 per e
cent general mortgage bonds The companS
interest on or before October n 1To,,cn on'
default. Tho Now York Stock EIcha ng,
has ruled that all transactions in tho bond,
July interest coupon and subsequent cou
pong. ~
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07

Ths Midvale.. Steel and Ordnance Co. has
ishem Steel ceoJJ and other steel ooncsrns.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
A First Class
Record

The Milwaukee Electric Rail-
way and Light Company has
earned more than twice its in
terest charges for the past 10
years. 1t has paid dividends at
81 on preferred stock for Fl
years and more than 80 on
common stock for 18 years.
We offer the mortgage bonds
Of this Company at a price to
yield over 80 on the invest
ment.
Penns. 4-mills tax refunded
Further particulars on request
HARPER &TURNER
Investment Bankers
Afenbers Philadelphia Stock E1chonoe
Stock Exchange Building
scron,on Philadelphia Reading
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07

=, Tho Bank OF England minimum rate q,
discount remains unchanged at q per cent
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
Financial Briefs

The average price OF twenty oct,va ,r1,,,
trial stocks advanced 2l5 per cent YES.
terday TO 69 So while the twenty railroads
;sNhnt<d 1893 per cent 10 79, 20, o"''
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07

Samuel NJ. Vauclam, president Of baldwin
Locomotive Works, announces receipt Of or
ders as follows: EiGht Mkado TYNE loComo.
hye Pacihc type passenger engines for Peklr
Hapkow HeNway. Of China, and large or,
der OF locomotive forging for India. Last
week the Mexican National Railways PLACED
an order with BaidwiRs for ten Pacihc type
engines. '''N
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07

Amount Of Victory Loan Notes outstanding
juno 80 was. S3Dl3, 033, $50. reduction dtiT,
ing June OF lOSls3, 2O5. Liberty Bond,
outstanding June 30, Sl5, 235, IO3 100, a res
ducti0n during June Of $50 Dol 9NS ~
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-07
BAR SILVER

Cabies 49,, 81 7.p3 4.Sl B27
New-York tribune., 1921-06-03
Mgr. Mooney To Be Given
$4,000 and Auto To-day
Presentation To Be Made at
Hospital, Where He Has Been
Confined Since November

The Rt. Rev. Joseph F. Mooney. vicar
general of the Catholic archdiocese of
New York and since 1890 rector of the
Sacred Heart of Jesus Church, in West
Fifty-frst Street, will be presented
with $4,000 to-day at ST. Vincent's
Hospital by the Holy Name Society of
this diocese as a mark of the high
esteem in which he is held. He also
will be presented with an automobile
The car will be the gift Of the clergy o.
the Catholic archdiocese of New York.
Monsignor Mooney hasn patient at
the hospital since November 7 last
His condition has lately shown inn
provement and his physicians will per-
nit him to attend solemn high mass
Sunday in his own church in celebra-
ton of his golden jubilee as a priest
The jubilee will be celebrated for two
weeks and during this period efforts
will be made to raise fund of $4,000
to clear away the floating debt of the
church.
The mass Sunday will be celebrated
at IL o'clock. The Rev. Father James
l.. Crosby, of Nyack, will be celebrant
The Rt. Rev. Father Lynch, of Utica,
will preach the sermon.
Monsignor Mooney was ordained
priest at Troy, N. Y. He is a graduate of
Fordham University, Notre Dame and
of Mount ST. Mary's College. He was
born in 1848
New-York tribune., 1921-06-03
Striking Enggravers
Name a Committee
To Meet Publishers
Three Members of Union
Given Full Power to
Act i'm Controversy Over
Demand for $S Increase

New York Photo Engravers' Union
I, at a meeting last night in the audi
torium of Washington Irving High
School, voted to appoint committee
of three with full power to act in con-
nection with the strike Of 225 of its
members who until Wednesday were
employed in local newspaper and COM
mercial plants.
Those named on the committee were
Mathew Woll. president of the Inter
national Photo Engravers' Union, and
Edward J. Volz, president of Local l..
They were authorized TO select as
third member of the committee man
who is member of the locals agree
ment committee and who has been en-
ployed in a newspaper plant.
The meeting. attended by a thousand
members of the union, lasted more
than three hours, and various phases
Of the strike were discussed. 1t fol-
lowed a conference held in the after
noon, at the request of Mr.. VOL, be-
tween members of the New York Pub
lishers' Association and representa-
tiyes of the union. The publishers inT
dicated they would appoint similar
committee if the union adopted the
suggestion of appointing committee
with full power to negotiate. At the
same tir.s the publishers made II
clear that they would not voluntarily
consent to the increase IN wages OF
ss per week asked by the union prior
to its sudden strike order Of last Tues
day night
At the conclusion of the meeting
last night Mr.. Vol made the follow
ing statement: -,
"At conference with the pupiish.
ers this afternoon it was suggested
that there be appointed committee
of three union members and commit
tee OF three newspaper owners with
full power to act in the controversy.
So far as the union is concerned. the
suggestion was ratified tonight. Until
some understanding or agreement is
reached between these committees the
photo engrsvers will not return to
work"
New-York tribune., 1921-06-03
Stadtmuller Testifes to
$1,000 Deal With Moran
Convicted BrindeII Aid Witness
for State Against Labor
Cars Henchman

Peter Stadtmuller, business agent of
the Building Trades Council, of which
Robert P. Brindell was the head. was
the principal witness yesterday in the
trial of Joseph Moran, indicted for ex-
tortion and coercion. Moran is charged
with having extorted $1,000 from .dax
Minnisohn, head of the Interstate
Wrecking Company, December 13 last.
The Interstate Wrecking Company was
at that time engaged in tearing down
the structure at 90 to 100 Maiden Lane.
Stadtmuller was convicted cf the
same charge last week and was to have
been sentenced yesterday by Justice
McAvoy in the criminal branch of the
Supreme Court, but sentence was de-
ferred until to-day.
During his testimony yesterday Stadt
muller told of conversation with Mo-
ran about the Maiden Lane job in which
the defendant said it should be worth
about $500 apiece. He told of receiving
the 81 200 and placing it in an envelope
addressed to Robert P. Brindell. The
envelope, he said, was turned over to
the assistant secretary of the council
to be delivered to Brindell. He said
that check was offered, but that it
was refused, and that an appointment
was made when cash was to be fur
New-York tribune., 1921-06-03
Teagle Refuses to
Become Chairman
Of Shipping Board
Question of Petroleum Sup
ply and Foreign Attempt
to Exclude u. S. Prevents
His Quitting Standard Oil

WASHINGTON, June 2.-Walter c.
Teagle, president Of the Standard Oil
Company of New Jersey, to-day elm
mated himself from those under con-
sideration by President Harding for
chairman Of the Shipping Board.
Having learned that his name had
been placed before the President as 8
possibility for the position, Mr.. Teagle
came to Washington md informed Mr..
Harding he regretted that circum-
stances made it impossible at this time
for him to consider severance of his
pany.
The Development promised to delay
again the submission Of nominations
for membership on the board to the
Senate The President had hoped to
close the whole matter this week.
After his talk with the President Mr..
Teagle issued this statement:
mentioned in connection with the
chairmanship of the Shipping Board,
and | greatly regret that circumstances
make it inexpedient for me officially to
assist the President in his determina-
tion to build up a great American mer-
chant marine.
ne QuSStiOu pl iutuIe pcbfOiSuui
supplies and the efforts of foreigners
to exclude this country has developed
very real problem. This, and other
pertinent matters, seemed to make i'm
possible at this time my severance
from the company.
81 would willingly have made any
personal sac1 ifice to have assumed this
responsibility, as l am greatly inter
ested in the subject. The situation has
been presented to the President, and
he accepts the view that under the
circumstance I am not available
Mr. Teagle is the second prominent
business man who is understood tc
have read himself out of the Presi
dents list of available men for the
board craftsmanship. The other is
James A. Farrell, president of the
United States Steel Corporation, who
il is believed, was seriously under con.
sideration for the appointment, but
whose friends have indicated that he
would not accept it if offered.
New-York tribune., 1921-06-03
of Graft
Witnesses Said
To Be Plotted
Continued from PAGE enel

port that President Connolly had been
subp9naed to testify
president Connolly" said the chair
man, was subpoenaed to bring certain
books and documents, and he brought
them. He has not been asked to
testify-yet. He will have an oppor
tunity to speak later on"
papers inform "The" McManus, the
friend Of Charles F. Murphy, that the
committee would like to know his
wherea bouts so that it could serve him
with subpoena.
"Mr. McManus's brother, Alderman
Charles McManus, promised on two
different occasions to bring his brother
before u.s." said Senator Meyer, "but on
neither occasion did he live up to his
promise. We are very anxious to hear
from Mr.. McManus and hope if he is
in the state that he will tell US where
he is, so we may serve him with a
subpoena, and if he is outside the
make his presence known to us.'
The efforts of the Hearst Hylan-
Tammeny administration to block the
work of the committee in various ways
are understood to have been discussed
at conference yesterday between
Elon R. Brown, counsel to the commit
tee, and Chairman Meyer
Another subject of discussion was
when counsel would be available to
begin the real big work of the COM
mittee--the examination of witnesses
at open hearings, Brown informed
the chairman that he expected that he
could start the work in about two
weeks.
After the conference between Brown
and Meyer the latter visited Governor
Miller at his apartment in the Hotel
Plaza.
Senator Never said that the COM
mittee would hold it's public hearings
at the City Hall, adding:
"If Mayor Hylan lets U.s."