davidaulloa/AmericanStories huggingface dataset:
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-04-19
Young Mn's Club.

\ crowd o: young pcop'" "c ;h!e city
NJ 80 - E-llair" tunigh; 20 attend
;hc annu:., spring dane &C tnr Young
Mems club. 20 Do hold ia 'a"ir club
rooms. Dancing will begin At o'c.n X
and will continue unit. o'ciock. Tho
dance will be featured with Il line rnlNi-
cal program. furnished by Tho Nelson
Map,e temple" jHIz baUd Of Memphis,
Tenn.
Arrangements have been made BY tho
commits" with n" A. and q. bus line
- tc;nS The guests ba"k 20 Wheeling n
n" conclusion OF IN" dan" y: ! o'clock
This act Of though trul7"s5 BY the com
r;;ttre makes It possible for a Iarger
crowd OF Young peop!H from this CITY
- attend tho dance.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-04-19

VIC JUit-iun Club WIZ nai"r;,,.N Win
aHoi.I.- !ntormt. dancing party on
Thursday evening n ne auditorium OF
bishop X Coherly'S ~ Fin Grove. \
;rree-ri-cr orchestra has been engaged
- furnish IN" mus!r. and - ii:S0
O'Clock a HaSke. luncheon viii b."
s"-vc! This is on" OF n series OF
:or'n;Sht,y dances given ny this club
, I'd tn. usual guests 40 invited 70 b.
:-rneeH, on THURSDAY ni.:h,.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-04-19
walters mmlns.

" bIt8r = N1fnrhlh1.
AnrOurr" 81 III" U,:t-r <" d"
MS Florence II. k.mn.n3 and III. les
The New York herald., 1921-07-17
FREIGHT WAREHOUSE
PROPOSED IN MEMPHIS
Building Will Cost More Than
So, 900, 900 When Completed.

MEMPHIS. July 16.--The construction
of storage warehouse which would be
one of the largest In the South ia being
projected by a group OF men who first
instituted the building Just prior to the
outbreak Of the world war. The advent
Of the war forced abandonment of their
plans. The project now is being revived.
J. II. Weatherford, engineer, has de-
engineering details and plans.
The structure Is to be built of re-
inforced concrete and will be ten stories
in height. This will afford 737.100 net
square feet OF floor space. To keep this
space filled at all times will mean han
ding minimum of 100000 tons of mer-
chandise year. 1t Is estimated the cost
OF the structure and equipment will be
S3,150.000.
The building will be constructed ON
piling driven far below the earth sur
face. Reinforced concrete columns will
rest on the wooden piling. The floors
will be fat slab reinforced concrete.
There will be Is electric elevators, 20
by IA feet. with automatic steel doors.
Two electric five ton wharf cranes wie
lift freight to and from barges on tts
river. Tractors driven by electric power
will convey freight within the ware
house, trailers being attached TO the
tractors.
The proposition has been submitted 10
New York financial houses for an opin-
ion and certain further facts and figures
have been invited by them.
The New York herald., 1921-07-17

p and d.barIlron,. ra.nrZ Is
The New York herald., 1921-07-17
NEW YORK sTOcK-ExcHANGE QUOTATIONS
sArIR AYuu5r1s 1saa

1921.
The New York herald., 1921-07-17
Market Forecasts Mixed.

"The market may drift aimlessly for
time. giving little incentive to buy
stocks."-A. ]. Johnson & Co. There
Is yet no indication that bottom has
been touched by the market as q
6 Whitley. 1--WE are of
the opinion that standard stocks are
unqual.ficldly cheap."-carpender. Caf-
fry & Co. Selling, rathor than buying
orders may be looked for until the diff
culties into which business and industry
have fallen will have been removed"
Morris & Smith. 'It has been dcnon-
strated on numerous occasions when the
bear account became too extended that
a drive against the shorts succeeded in
bringing about rallies, and this is some
thing that can be counted on from time
20 time. More than this. however, can
hardly be looked for until business con-
ditions undergo a change FOR the bet
ter."-Henry Clcws & Co. 1--WE can see
nothing hopeful in the market situation.
and believe Industrial stocks can st,ll
be sold on rallies resulting from con-
gested short in.erest."--W. w. Cohen s
Co. Tho outlook is improving day by
day. Seasoned securities are at bargain
prices, and with returning confidence
the market Is bound TO discount n re-
covery in general business."-W. J.
wollnan s. Co I'VE feel confident that
purchases on the bear drives will prove
to be a very profitable operation "-E.
W. Wagner & Co.
The New York herald., 1921-07-17
CHINA ORDERS 900 CARS HERE
VIII De Used to Carry Freight ON
Government Railways.


The Chinese Government Railways
have placed orders for 400 freight cars
with the American Car and Foundry
Company. for 90 with the General
American Car Company and 24o cars, 80
Prairie type locomotives and English
type locomotive with builders in Belgium.
Orders received within the last week by
the Baldwin Locomotive Works include
5 for Pacific type locomotives from the
Pekfn-Mukden Railway Of China and 8
Mikado type locomotives from the Ma
tional Railways of Mexico.
The Chicago, Indianapolis and Louis
Vile has contracted for 100 gondola su-
perstructures and 100 under frames from
the Haskell & Barker Car Company. Tho
western Pacific has ordered 25 80 yard
extension side dump cars Of so tons ca
pacity from the Clark Car Company of
Pittsburgh.
Recent inquiries for prices include $50
steel coal cars of 80 ton capacity by the
Toledo and Ohio Central, 200 tons of
rolled steel wheels by the Great North
ern, so tons of locomotive forgings by
the Illinois Central. 100 tons Of rolled
steel wheels by the Chicago, Indianapo-
lis and Louisville; 200 tons of universal
plates and angles by the Chicago. Bur-
lington and Quincy. and renewed in.
quiry by the Tennessee, Alabama and
Georgia for 100 80 ton gondola cars and
$50 so ton box cars.
The New York herald., 1921-07-17
CONSOLIDATED EXCHANGE.

Although price changes we're irregular
during last weeks Consolidated Stock
Exchange trading, average losses of l
point TO 3 points in active steel and rail
issues gave bears advantage on general
results. In Mexican Petroleum and Gem
eral Electric the range was widest, the
former rising 9A to 1o4h and the lat
ter falling 7% to 120. United States
Rubber, Atlantic Gulf. Studebaker.
American Wooden, Corn Products, Royal
Dutch and Marine preferred ended with
in fractions of the final figures on
July 3.
United States Steel moved down 2A
to 72ik Crucible Eek dividend -, "a
to 52%; Republic, 2k to 4% Bethle-
hem Steel B, az 70 451h Baldwin Loco
motive. III to 73: White OIL, ss to sh /;
California Petroleum, 3 to 33% Inter-
national Paper, IA to 81 Famous Play
ers. to 47%. and Westinghouse.
pa TO AZ. Chandler Motors yielded
PA 20 4e General Motors. to 10A :
Pierce Arrow. IL TO IS: American SUI
matra Eek dividend ~, IN TO 46h /;
Norfolk and Western, 3% to s31s Great
Northern preferred, III 70 6sh Read
ing. 1% TO 671h. and Canadian Pacific.
29s to los, while Endicott-Johnson rose
TO so; General Asphalt. IL to 49h.
and American Sugar. 2ik TO 67k.
The New York herald., 1921-07-17
METALS.

Copper remained quiet but steady last
week. A little business for shipment to
England and Germany was reported
early in the week, but later exporters
practically were out of the market,
owing partly to unfavorable exchange
rates. Buyers for domestic consumption
showed no increased interest, evidently
operating only as actual needs developed.
Stocks in second hands, however. are
small and producers are holding cleo
trolytic at 12& to 1874 for nearby and
future delivery. A report by the Geo.
logical Survey gives the smelter pro-
duction of primary copper In the United
States during 1920 as 100000 pounds.
against 1885. $4,000 in 1919. The ap-
parent consumption OF refined new cop
per In the United States last year is
placed at 1,054,o00.000 pounds, against
914, 900, 900 in 1919. Preliminary esti-
mates In the trade place the total pro-
duction of the United States smelters
for the first half Of the year at 40S.-
100000 pounds, imports 1876. $780, 900. de-
liveries into domestic consumption $780,
100000 and exports 266,500.0 900, suggest
ing reduction of more than 10000, 900
In surplus supplies during the six months.
Tin is held around 2SA for spot and
futures and little interest In 1t Is
shown by consumers.
Lead ends the week somewhat firmer
In tone although trading has diminished.
Local socks remain light.
Zinc was dull. A few sellers are meet
ing the small demand. but II is believed
that any broad resumption of buying
would quickly steady the market. In
vestment buyers. however. are showing
slight interest at the moment.
Anthony continued quiet and barely
steady. with consumers holding fair
stocks.
The New York herald., 1921-07-17
DOHENY SAYS HE DID
NOT STIR UP REVOLT
Wires Obregon Not Respon.
sible for Hudsfeco Rotu.

Edward L. Doheny. president of the
Mexican Petroleum Company, which in
turn controls the Huasteca Petroleum
Company. made public yesterday tele-
gram that he had sent to President OBJ
regon In Mexico city. denying published
charges that he was among those re-
sponsible for revolt In the Huasteca
region against the Mexican Govern
ment. The telegram reads:
"My attention has been called to al
legged declaration of Gen. Pelaez. printed
to-day in New York papers, stating that
William Green and I are responsible for
reported revolt in Huasteca region. Any
such statement is absolutely baseless.
The policy Of our company and of its
officials always has been not to take
part directly or indirectly in any at
tempt to overturn or embarrass any
Government In Mexico, and no deviation
from this policy has taken place"
The New York herald., 1921-07-17
FINANCIAL NEWS
AND COMMENT
Agwi Suffers Net Loss of l IA
Points. in Smallest Stock
Market of Year.

With a volume of transactions ap-
proximating a total of only 100000.
shares yesterdays market in the New
York Stock Exchange. If 1t can be called
one, was the smallest of the year. with
the fewest issues traded In. Nearly
sixth of It's business was in Atlantic
Gulf. which had a net loss of 1 4 points.
but with that exception it's trading was
lifeless and its fluctuations meagre The
only incentive to do business at all was
to even commitments over the week
end. The foreign exchange market was
equally dull Fluctuations in grain
prices were Insignificant. but cotton
moved up 10 to 15 points. October con-
tracts getting as high as 1905 cents.
The bank statement disclosed con-
tinuance of liquidation. loans falling off
s55,3o7.o0o. Deposits increased $780,
100000 net, demand deposits rising
s35.o2o.oo and time deposits falling
s5.227.ooo. which brought about re-
duction Of sS5,ooo.Oo in the spread be-
tween aggregate deposits and loans.
United States deposits are down to $685.
201.o00. Surplus reserve decreased
s20.775,650 through loss in cash to the
Reserve Bank and an increase required
in reserve owing to the gain in deposits.
The New York herald., 1921-07-17
Funding Rail Debt.

The financial community received with
interest the news that Secretary Of the
Treasury Mellon, Secretary Of Commerce
Hoover and Senator Cummins, chairman
OF the Senate Interstate Commerce Com
mittee, would confer at an early date on
Senator CUMMINGS proposal to fund the
debt owed by the railroads for capital
expenditures during Federal control
without an appropriation by the Con-
gress. The suggestion Is that the Gov
ernment guarantee railroad securities,
pledged against the $70o.000.000 addi-
tions and betterments made in the twen-
ty-six months of Government operation
and then sell the bonds to the public.
The proceeds of such sales and $780,.
900, 900 now available would be used to
pay the claims OF the railroads against
the Railroad Administration on accounts
arising out of Federal control, estimated
at between $500. 100000 and 100000. 900
The New York herald., 1921-07-17
& co. TO BUY
CITIES SERVICE AGAIN
Will Purchase $1O,OOO,OOO of
Different Issues.

Negotiations have been concluded
whereby Sperling & Co., Ltd, of Lon
don, will renew its investment In the
Cities Service. Company through the
purchase of approximately $4,000 900 of
different issues of the Cities Service
Company from the latter's treasury, ac-
cording to Sir Edward MacKay Edgar.
who sailed yesterday on the Olympic.
"Our firm has always been largely in
terested in the Cities Service Company"
said Sir Edward, "and at the time the
war started English investors held as
much as $25.0oo.ooo of Cities Service Sc
curities. or course, these were liqui-
dated. as were other English held
American securities, by our Government
during the war.
1--WE have now arranged to reenter
the Cities Service Company to the ex-
tent that we will purchase UP to &c.,
100000 of It's different securities from the
treasury. This, I believe. is the first
repurchase OF American securities for
English investment since the war.
"Rebarding the American oil situation.
believe that there will be a shortage of
petroleum here next year. / haven't
changed my opinion. expressed a year
or two ago, that America would be
big importer of oil. say in the next ten
years, and much of it's oil would be
bought from England I base this belief
on the fact that by that time America
will be such a huge consumer of oil
products that its domestic supply will
prove inadequate. My assertion that
England would supply a large part of
this deficiency is based on the fact that
English companies are very strongly
intrenched throughout the world in the
matter of potential oil resources. which
will be opened up as demand expands"
The New York herald., 1921-07-17
ANDES CORPORATION FORMED.
Organized to Acquire OIL Holdings
I'm south America.

The Andes Corporation, with author
ized capital of 50. 600, 900 Of no par value
stock. has been formed, to acquire all
South American oil properties now
owned by John w. Leonard and his as
sociates In the Leonard Exploration
Company and by Kunhardt & Co. of
New York and Venezuela, according to
an announcement made yesterday.
The properties include $4,000 acres
In Venezuela, 2,133.500 in Colombia and
approximately 6.500.00o in Ecuador. The
directors Of the new corporation include
John A Bell, Glenn T. Braden, John S.
Weller. Pittsburgh; Rufus G. Dawes,
Chicago; John w. Donnan and John w.
Leonard. Washington, Pa: Sidney B.
Donnan. II. r. Kunhardt, Jr.; Robert p.
Marshall. Fred Q. Marston and Luciano
Restrepo, New York, and Frank Mendes
de Leon, Amsterdam, Holland.
The New York herald., 1921-07-17
TOPICS OF WALL STREET.
DuIIest saturday of the Year.

BY far the dullest Saturday of this
year in point Of stock market trading
was yesterday The total transactions
for the morning session were only l06.-
500. OF which approximately $4,000 were
turned over in the first hour. 1t was
likewise the smallest day in the number
of individual issues traded. The lack of
market activity and the excellent weather
OF yesterday morning kept great many
traders from the floor and in their abb
sence there was practically no business
OF Importance. For a fortnight or more
the commission business in stocks has
been at rock bottom and market flutua-
tions have resulted almost entirely from
the activities of floor traders. With a
largo number of them away from their
posts yesterday the extreme dulness was
easy to explain.
The New York herald., 1921-07-17
HANOVER TRUST COMPANY.

BosToN, July 16.--Bank Commissioner
Allen asked to-day the Supreme Court
for authority to sell to the Boston Ma
tional Bank the assets and property of
the Hanover Trust Company. which he
closed a year ago. Christmas club and
savings depositors would be paid in full
under the plan and commercial deposit
tors at least so per cent. Claims OF de-
positors are involved. The capital stock
has been wiped out, the commissioner
has found, and he asked the court to do
tcrmine the individual liability Of stock
holders
The New York herald., 1921-07-17
General Motor. stockholders.

The total number of stockholders of
the General Motors Corporation as of
April 10 was 5S,S67, accoring to fig
ures made public yesterday. including
common. preferred and debenture stock
outstanding. Numbered among them
were 1915 women. representing more
than 25 per cent. The total number of
shares held in the names Of women was
1.745.997. including 1,467.S6S shares Of
common stock. The total number Of
stockholders was divided as follows :
Common stock. 1892. with 20.421.693
shares preferred stock. 1854. with 161.-
S34 shares per cent debenture stock,
1894, with 606.707 shares. and per
cent. debenture stock. 7,S47. with 269.316
shares.
The New York herald., 1921-07-17
TO CONFER ON COTTON LOANS.
Governor Harding Calls Heads of
Reserve Banks.

WASHINGTON, July 16.--Governor Har-
ding OF the Reserve Board announced
to-day that he had called a conference
here on next Tuesday OF governors Of the
FIVE reserve banks IN cotton producing
sections to frame uniform policy on
cotton loans during the coming market
ir & season.
The governor did not discuss details of
the proposed uniform cotton loan policy,
hut indicated that with changes which
have occurred in the cotton situation
curing recent month careful considera-
tion would be gwen to terms of cotton
paper and tie adequacy OF security Of
paperand the adequacy OF security Of
fered for advances. Announcement OF
the plan decided on will be issued.
The New York herald., 1921-07-17
Mexican Eagle OIL Company.

The undertaking of the Oil Fields OF
Mexico Company has been acquired by
the Mexican Eagle Oil Company. accord
ing to London advices received here.
The capital of the Oil Fields company Is
$500, 900. Of which 100000 is in per
cent. first preferred stock, 100000 in
per cent. cumulative second participating
preferred stock and the balance in COM
mon stock Of $5 par value.
The New York herald., 1921-07-17
Export Meat Busincs. Improves.

Export business has shown n marked
Improvement In the packing trade during
the last week. according to Ai1nou's
Weekly Revieto, which says: Continued
and wider spread revival Of orders for
export was the outstanding feature Of
the trade in packing house food products
this week. Buying for future delivery
has been resumed on broader scale
from the Scandinavian countries. Tho
domestic trade Is very satisfactory in
view Of general conditions"
The New York herald., 1921-07-17
RAN Labor Boards Big Task.

Railway officials expect that the
United States Railroad Labor Board
will not arrive at its final uecision on
disputed points concerning rules and
working conditions much before the
last of August. The board is reported
to have received two carloads of the
voluminous reports required from every
railroad on the result of its negotia-
tions with every class of employees.
The New York herald., 1921-07-17
PRUDENTIAL TRUST COMPANY.

Boston. July ia. Master. report
ing on an investigation of affairs OF the
Prudential Trust Company. closed last
September. announced to-day that he had
found a transfer of s750.0o0 from its
savings department to It's commercial de-
partment to covor cash reserve shortages
In the latter.
The New York herald., 1921-07-17
PAPER JoBBERs BANKRUPT.

BosToN. Ju'y 16. - The Connecticut
River Paper Company OF Holyoke. paper
jobbers. to-day filed voluntary petition
in bankruptcy with liabilities listed at
s5o,34l against assets of s27, ,t29. I'M
secured claims totalled S15,61l.
The New York herald., 1921-07-17
YOUNGSTOWN bonds OFFERED.

II. L. Allen & Co. are Offering a new
issue OF $4,000 OF per cent funding
bonds OF the city OF Youngstown. Ohio,
at 101H. to yield SIS per cent. They
are legal investments for savings banks
and trust funds In New York, New Jer-
sey, Pennsylvania and all New England
States
The New York herald., 1921-07-17

Memberships posted for transfer
Cleveland Cobb to Bertram S. Rosen-
baum. sponsors. Irving A. Sartorius and
Joseph D. Frankel; Nathaniel F. Gid
den. Jr.. to William l.. Wilson, spon-
sors j. Hartley Mellick and w. Colford
Anderson; Rogers L. Barstow, deceased.
to Frederic c. Haskins, sponsors,
Charles 7. Lowering and Francis w.
Welch and Ferdinand Richter to WILL
lam Hutchinson Putnam, sponsors, Ar
thur Turnbull and Benson B. Sloan.
The New York herald., 1921-07-17
MONEY MARKET.
SATURDAY. JULY 16.
CALL MONEY FOR WEEK.
TINE LOANS.

Mixed collateral. so to 90 days......
Mixed collateral, 10 G months. ..... 6
Industrials, go to 90 days. ............ 6161
Industrials. 4 to months. ............ 6Q0i
The New York herald., 1921-07-17
RESTORES sToPovERs.

The Baltimore and Ohio Railroad has
restored stopover PRIVILEGES in cities and
at resorts where that privilege was al.
railroads.
The New York herald., 1921-07-17
OPEN MARKET RATES.

Prime eligible acceptances on call. 3. re-
discount at Reserve Bank. 60 TO 90 days.
51kM5L non-member and private bankers,
eligible. 60 TO 30 days. 5i4d5%; non-elisible.
GO 10 90 days, 5&I5is.
The New York herald., 1921-07-17
COMMERCIAL PAPER.
DISCOUNT RATES. RESERVE BANK.

Commercial paper, Is days, 6; 10 to 90
days. G; Liberty bonds and Victory notes,
is DAYS. 8. 16 TO 90 days. 8; bankers accept
ances, 16 TO 90 days. 8.
The New York herald., 1921-07-17
FAR EAST.
SOUTH AsIERrc.
CANADA.

New York funds In Montreal, S14i. .sS pre-
MUM per $1,000. Montreal funds in New
York, S1o1.sS discount per 81 600.
The New York herald., 1921-07-17
FINANCIAL NOTES.

Joseph corii Of r.. Corii 4 Co. has been
elected dir9stor OF the italian Discount and
Trust Company.
The Central Union Trust Company OF New
YORK has been appointed trustee of So, 400 900
OF the Mlnnanpolis, ST. Paul and Saut Ste
Marie Railway Company's 6ik per cent. equip
ment gold notes OF series J. duo seriaily
Frank Dunno Co. have opened Offices
I'm % William street 10 transact business in
high grade investment securities. They will
have q trading department for unlisted se-
curities. Mr.. Dunno was formerly with the
bond department OF Eastman, Dillon & CO.
The New York herald., 1921-07-17
DIVIDENDS.

Stock OF Pay
Record. able
.si12h -: ;...;..... July 80 Aug. Il
s1.l2A ......,...... ..... July 80 Aug Is
York, a., es.ce. ......,.. yviv ps Aug I
Montreal Trariw's, a., $3.50. July 20 Aug. /
The New York herald., 1921-07-17
UNITED STATES TREASURY STATEMENT.

Special TO THBN NEW yonKI IIrrup
rk HernidB Bureau.
G,
The New York herald., 1921-07-17
U. S. CERTIFICATES AND NOTES.

Closing prices bid in yesterdays open
market for United States certificates OF
The New York herald., 1921-07-17
CLEARING HOUSE STATEMENT.
SILVER MARKET

Clearing House exchanges, $7i2. 900 900
balances, SOS. 200. 900; Federal Reserve credit
balance, SO, 900 600.
The New York herald., 1921-07-17

official bar silver In New York. domestic,
ooltc an ounce. unchanged. foreign, 60iSc.
unchanged: London. 37Ad., unchanged; Mexi-
can dollars, iGlsc., unchanged.
The New York herald., 1921-07-17

Dissolutions of partnerships--on July
.. Richter & Co.. and on July is, Mar
tin & Co.
The New York herald., 1921-07-17

Changes In ffrms-McGlinn g. Co.,
effective on July IA. Charles A. Zubrod
and Alexander J. Mcconnell, admitted.
and Warren Ackerman. retired: M. J..
Meehan Co.. effective on July Is.
James P. McKenna, admitted: and
Smith & Gallatin, effective on July II,
Rector c. Hutson. retired.
The New York herald., 1921-07-17
STOCK EXCHANGE NEWS.
Died--on July Is. Wilbur s. rarbell.

u1H JuIy 10, w HUur ,. IdrpeII.
Memberships transferred - William
West to Charles c. Walbridge, West &
Co.. Philadelphia Theodore p. Dixon to
John T. Terry, Jr.. Low. Dixon G. Co,
81 Wall street, and Hendrix Hudson to
Charles A. Zubrod, McGlinn 6. Co., 81
Broadway.
The New York herald., 1921-07-17

New partnerships-Martin & Co. III
Broadway. on July 16, William II. Dane.
T. w. M. West and Harry M. Kilborn.
The New York herald., 1921-07-17
New address-Warren Ackerman. at
McGlinn g. Co. 81 Broadway.

Branch offices--James K. Bennett e.
Co.. Sterling, Col, discontinued Alfred
Hill & Co. Middletown. Ohio. discon-
tinued; Z. F. Leland & Co., Fairbury.
Neb.. discontinued Mcdonnell & Co.,
new. Los Angeles, resident partner; Otis
& Co. new. Colorado Springs. Broad
moor Hotel, Howard r. Baldwin, man.
ager; e. w. Wagner & Co., new. Kansas
City. Mo. James K. Christopher, man.
ager. and Zimmerman & Forshay. new.
Berlin. Germany. Willy Gale. manager.