davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-07-24
FINANCIAL NEWS
AND COMMENT
Stock Market Closes With Elk.
cellent Tone and Rallies
by Industrials.

Industrial issues throughout tho active
yesterdays brief session In the New
York Stock Exchange. while the rails
held their gains and closing prices In the
oil, sugar. motor. equipment and spe-
8 points above Fridays Anal At the
closing the tone was excellent, but Wall
Street Is disinclined to call the rise any
thing more than technical affair,
with its momentum to be exhausted at
the will of the professionals. The num-
Der of shares traded In was double that
Of a week ago and the bulls were heart
ened by the extension of the rally. which
started few days ago in the rails, to
the whole active Industrial list. Indica-
tions of rapidly improving trade POSI-
ton in sugar, rubber and tire shares
was held responsible for the character
Der production is now at half the volume
Of its maximum and its prices have been
advancing of late. Higher prices for
raw sugar are declared to be in sight
with the depletion Of supply Of Porto
Ricos and beet sugar and with buyers
centring their attention on Cuba.
The alteration in the sugar outlook
was followed by q rise Of TX in Amer
lean Sugar. sh In Cuba Cane Sugar
preferred and TX in it's common. 2A
in Cuban-American and 1% In Punta
Allegro Sugar. The outlook in the tire
industry is also brighter.
For a long time fundamentals affect
ing the stock market have been improv-
ing, but the prediction right along by
the bankers that improving financial
conditions would find their first rehec-
tion in the bond market apparently was
justified. In fact. yesterdays rise in
bonds was even more impressive than
that In stocks. The demand from In
vestors as a result of assurance Of per-
manently easy money was keener. the
volume of business largo and the
breadth of the market sufficiently great
for a five hour day. Railroad bonds were
especially favored. but industrial issues
and Governments shared In the rise.
Sterling exchange declined about IL
cents in reactionary market, and Ital-
ian lire were especially weak. declining
more than 10 points. Both cotton and
wheat prices sagged.
The New York herald., 1921-07-24
CoUNTERFE1Ts DISCOVERED.
Three Spurious Bills Poorly Made.
Says Reserve Bank.

Tho local Reserve Bank has warned
banks and trust companies of the cir
culation Of three new counterfeit Re-
serve notes, described as follows:
"a five dollar note on the Federal
Reserve Bank Of Cleveland; check let
ter A; plate No. 10S; d. II. Houston.
Secretary of Treasury: John Burke.
Treasurer of United States: portrait OF
Lincoln. A ten dollar note on the Fed
eral Reserve Bank of San Francisco /;
check letter B; plate No. 81: Carter
Glass, Secretary OF tho Treasury John
Burke Treasurer Of the United States :
portrait of Jackson. A twenty dollar
note of the Federal Reserve Bank OF
Cleveland: check letter d: plate num-
ber indistinct; d. +. Houston, Secre-
tary of the Treasury: John Burke
Treasurer Of United States: portrait OF
Cleveland"
The circular says that all three arc
specimens Of crude workmanship and
should deceive none who Is accustomed
to handling currency.
The New York herald., 1921-07-24
PRODUCE.

eas; red kidney. sii.SSSis; wi White kidney, ssS
BUTTER.-Creamery. higher than extras.
ID. 42h9s3c.; extras. 92 score, 41MQ42c.
firsts. 37h84ic. seconds. 34a30Ac.; lower
grades. 3t133c. unsalted, higher than ex-
tras. 44lsQ45c.; extras. 43944c.: firsts. ss1sg
42izc.; seconds. 34ltg3sc.; State dairy tubs.
finest. 4oltq41c.; good to prime. 8s940c.
make. firsts. soliaS2Mc.: seconds, 2sc
lower grades. 26D27c packing stock. cur
rent make. No. I. 2Sc.; No. 2. 27c.; lower
39c. extra firsts. 35037c.; firsts,. s1d34c:
seconds. 27lsd30c. inferior. 20d26c. trade
sggsso 2S2sc dirtes regular pacsSsa No.
checks, fair to choice. dry. 22q24c.; refrig-
orator eggs, special marks. fancy. 35kG36c.
Pennsyivans % and % nearby western western hennery %
whites extras, 50d52c. extra firsts, 46fD
49c.; flrsts. 4f945c. gathered whites. firsts
4Oc.: Pacific coast. white, extras. bOa52c.
extra firsts, 4614ec.; firsts. 42g4bc.; under
grades. 3s94oc. other Western and South
sylvana and nearby Western hennery
browns. extra. 41q43c.: gathered brown and
mixed colors, graded extras. ss039c., firsts
CHEEsT.-New York State flats, specials.
10, 21Q2thc. average run, 20f120Nc.; State
twins. specials. 2i92iHc.; average run. 2on
ssse dases SGes ancs fsnSx y
Young Americas. 22a23c. State skins. sd
14c.
FRUITS. TREsH.-APPLEs-Gr bsk..
s1.2593.2J; red, 81 .25l3: pears. Georgia, lie
conte. bbl. s6dl0: Kieffer. seat: up
river. bbl.. s5d1o; crate. sfd4.5o: bsk.,
81. .50TI raspberries, Jersey. pt.. 12Tf7c. !:
blackberries. Jersey. ut.. 20d30c.; upriver,
23a35c. huckleberries. Pennsylvania and
Jersey fancy. qt.. 3o135c. poor TO average,
2oa2sc. peaches. Georgia. crate. s1g3.50;
North Carolina. s2d3.J0
POTATOES.-Jersey. bbl., S2.75d3.50; bag,
s2.50q3.25; Long Island. bag, s39t 25 /;
Maryland, s1.25Q4; Southern, bbi., sil&:
sweets, Jersey. bsk.. sf.25d3.25; Georgia.
'I'0 P0UITRy. pREssED.-rREsH KILLED
Chickens. Western .broilers. boxes. 3eG 400. (;
fryers. 3fa30c.; hbls... dry packed. soab3sc. :
iced, 3OQ35c.: No. 2. 20d2sc.: Virginia,
s613sc. nearby. 3094oc.; fowls. boxes. 20l1
Ssc. bbs., dry. 226f37c. iced, 22a37c.: old
cocks. iad23c. turkeys. 2593sc:; ducks.
Long Island, 2sc.: squads, whites dog,
s35oa7. FROZEN Chickens. broiiers. ESD
8Gc fryers. 30n42c.; roasters. 40Ib2c. !:
fowls, 2o9s7c.; old cocks, 17922hc.; capons.
poTITRy@IIyE.-ExP "a
d3ic: broilers. 30aJsc: ducks. 25i27c. (;
Muscovey, 15c.; geese. swan. l3c.: rabbits.
lb.. 10000.
The New York herald., 1921-07-24
PAIR SUED BY BROKER
FOR $245, 1895 LOSSES
Accounting Is Sought of the
Samuel Segars.

playing the market" unsuccessfully
In the last six mou1hs of 1920 has
brought Mr.. and Mrs. Samuel Segar Of
324 West 1o3d street to a point where
they owe Hirsch. Lilienthal & Co. of 165
Broadway, their brokers. $245,S95,' ac-
cording to suits begun yesterday against
each of them to obtain that total
amount.
The action against Mr.. Segar alleges
an accounting rendered May 21, 1920,
showed a balance OF upward OF 5000. 900
In the brokerage concerns favor. against
which the brokers had on hand as coll
lateral a number of commonly consid-
cred high class securities. A final ac-
counting OF December 81, 1920, still
showed a balance Of s190,569 In favor of
the brokers, with meagre collateral.
Tho suit against Mrs. Segar showed
balance of s52.4s7 in the brokers'
favor May 81, 1920. which increased to
$55.S26 on December 81.
The New York herald., 1921-07-24
whole Market strong.

The unexpected activity in yesterdays
stock market and the uniform strength
OF the entire list was something of a
surprise for many traders who had not
expected anything Of the half day ses-
sion. The splendid weather and the dull
ness which has marked the recent ses-
sions on the floor of the exchange led
to the general belief that there would
be very little business. Total transac-
tions. however. were just under 100000
shares for the two hours and compared
very favorably with some Of the five
hour sessions OF the last week, during
which business aggregated but little
more than 100000 shares. There was no
particular department of strength. AL
most every stock participated in the up
ward move. which, in the opinion OF a
majority. was the result Of rather urgent
short covering.
The New York herald., 1921-07-24
Brokerage Opinion.

I'VE cannot too strongly recommend
the purchase of rails on all reces-
sions."-Prince & Whitley. "Eventu-
ally we look for higher levels, as the
trade outlook Is undoubtedly improv-
Ing. Henry Clews & Co. 1--WE look
upon the steadily growing demand for
Investment securities as the forerunner
TO an upturn In the security market
Morris &c Smith. 1T would seem now
that everything OF evil moment that
could possibly affect good stocks has
been discounted and rediscounted. Con-
sequently 1t is logical to believe that the
stock issues OF well seasoned represen-
tative companies are now selling on
very attractive basis "--Carpender
Caffry Co. Values In many in
stances are low, but the market lacks
public interest and constructive anima-
ton. without which IL seems idle to ex-
pect any permanent Improvement In
prfces."-W. w. Cohen e. Co.
The New York herald., 1921-07-24
Rail Stocks Strong.

Washington reports that President
Harding Will send n message to Con-
gress on Tuesday outlining the plan for
the funding OF the debt of the carriers
for capital expenditures during Federal
control and the settlement of railroad
claims against the Government was the
signal Cor another demonstration OF
strength by tho railroad stocks. The
message Is expected TO recommend leg
islation permitting the transfer to the
War Finance Corporation OF certain as
sets In the Federal Treasury for the
funding operation and extending the
power OF the corporation 10 make adj
vances TO the carriers in settlement Of
claims for unpaid compensation and
guaranty. undermaintenance. deprecia-
ton and balances due on materials and
supplies.
The New York herald., 1921-07-24
DISSOLUTION PLANS DELAYED,
Aug. 23 set ms Date for Filing by
Lehirh Valley Railroad Co.

Acting on the motion of Edgar III.
Boies, attorney for the Lehigh Valley
Railroad Company. and with the con-
sent of Government counsel. Judge
Learned Hand in the United States Dis
trict Court yesterday adjourned until
August 20 the filing OF the dissolution
plan by tho Jehigh valley kaiiroad
Company as authorized by a decree OK
February "a last
The decree ordered tho filing Of the
dissolution plan yesterday. but the COM
pany asked for further time TO perfect
the papers and to arrange for severance
OF outside corporations.
The New York herald., 1921-07-24
More OIL in Canada.

Wall Street was greatly interested
yesterday in the announcement that Inn
perial OIL. Ltd, OF Canada. subsidiary
Of tho Standard Oil Company of New
Jersey, had struck flow of oil and
gas in its drilling operations at Rolto.
Alberta. at depth of only $50 feet.
The extreme shallowness of the well
was taken as an extremely favorable
indication. The average depth Of wells
drilled in that vicinity has been about
400 feet. The new shallow we'll Is said
to be the first In that particular field.
The New York herald., 1921-07-24
Tho Bank Statement.

The average statement OF the New
York Clearing House banks for last
week disclosed a contraction in loans of
$40. .243. 900. but In the actual statement
the decrease was only s701,000, total
loans in the former making a new low
at $4.424. .997, 900, while the aggregate in
the actual was s4,445.S47,000. The ac-
tua1 statement disclosed a heavy shrink
age in deposits amounting to s31.72o. 900
in net demand and s3623, 900 in time
deposits. Surplus reserve was cut in
half to se,295.290. a decrease OF s6,9S6,-
$50. United States deposits are down to
S53.649,000.
The New York herald., 1921-07-24
Pays Larger Dividend.

The Standard Sanitary Manufacturing
Company has declared a quarterly divi-
dend of Q per cent. on its common stock
and its regular quarterly preferred stock
dividend Of LIZ per cent. both payable
on August 10 to stock of record on July
20. Three months ago the company paid
but u per cent. on it's common stock.
The New York herald., 1921-07-24
LIVE STOCK AND MEAT PRICES.
20, ,oof NATUnALIzED IN JUNE.

WASHINGTON. July 23.--A total OF 2s.-
s01 aliens were naturalized In June, of
whom 6,453, or 21.5s per cent, were Ger
mans, the Department OF Labor an
nounced to-day. Austrians naturalized
numbered 4.o14. Italians 3,5os and ma
tionals of Great Britain 3.3f3. Tho
smallest number. 10. was from spain.
The New York herald., 1921-07-24
Railway Outlook.

Although II Is admitted that time will
be required for tho execution OF the rail-
road -snttlcment, there IL every indica-
ton of cooperation on the part OF the
Harding Administration and the carriers
to expedite an operation which will re-
suit In cash payments 20 the railroads
which will enable them TO meet their
current unpaid bills and. to limited
degree. allow them 70 resume tho pur-
chase of needed supplies and materials
and thereby stimulate other Industries.
The financial community is not losing
sight OF tho fact that the roads are
still confronted by n substantial labor
problem In tho controversy over working
rulos and conditions and that with both
matters settled tho steam carriers primo
need for moro business viii remain 20
be filled in order 20 restore their earn
fng power. There have been no abund-
ant s1irns. according 60 traffic officials.
OF anything more than the regular sea-
sonal upturn In tonnage.
The New York herald., 1921-07-24
More Rum ors Denied.

Reports TO the effect that Standard
OIL interests were offering a big price
for new properties In Latin America
have reached New York via Pittsburgh
In the last few days. The two names
most prominently mentioned were the
Midcontnent OIL and Development
Company and the Latin-American Oil
Company. The Standard Oil Company.
however. has denied that II is seeking
either of those companies
The New York herald., 1921-07-24
Lehirh valley Gets Extension.

Judge Learned Hand in the United
States District Court has granted an
other thirty day extension to the Lehigh
Valley Railroad TO present the plan for
the aggregation Of its coal properties
from the railroad In accordance with
tho mandate OF the United States Su-
preme Court. The motion 10 give tho
company until August % to file the plan
was made by the counsel for the road
with the assent OF tho Attorney General
Of the United states.
The New York herald., 1921-07-24
RAILROAD TIED UP SIX HOURS.

CONCORD. N. H.. July 23.--Traffic on
the main line OF the Boston and Maine
Railroad TO Montreal was tied up for six
hours to-day in tho derailment OF an en-
gine tender on the Canadian facilic
traip Tho accident was one mile north
~ Meredith. No one was injured.
The New York herald., 1921-07-24
Commonwealth Light ana Power.

Indications are that the net earnings
OF tho Commonwealth Power Railway
and Light Company In the last six
months Of tho current year should equal
and perhaps exceed those OF its first six
months. according TO r. G. Cobb. vice.
president In charge OF the company's op-
erations. The question OF continuing TO
advance funds 20 non-earning traction
properties remains serious problem
for companies holding their securities.
says Mr.. Cobb. particularly in cases In
which no rate relief has been forthcom-
ing. He hints that some of these prop
critics will be left by the Commonwealth
TO work out their own salvation without
further financial aid from their parent
organization.
The New York herald., 1921-07-24
EXPORTS FROM NEW YORK.

Exports from New York yesterday
Wheat. bu, 4t2.542; -four, sacks, 1869
bacon. lbs. 10000 lard. lbs, $4,000
oatmeal. bbls., 2,S5o.
The New York herald., 1921-07-24
FINANCIAL NOTES.

r,,a,ow yandsven,er and phnip vande-
,anter forfnariv with Auchincloss, Joost 4
patrick, are with the New York office OF
Graham, Parsons Co.
rss,,re A Cooke, members OF the New York
gtoek Isxchanre, have issued a circular on
the Realization OF lower costs and increased
efficiency In railroad operation.
The New York herald., 1921-07-24

Morton. Lachenbruch & Co.. AZ Broad street,
have issued a circular entitled Germany $
Comeback Through Her Industries and Ex-
norts" and pointing opportunities for invest
mont In German Industrial bonds. They
have issued also epecial circular on Ger
man mortgage bank bondg.
The New York herald., 1921-07-24
FAR EAST.
SOUTH AMERICA.
CANADA.

New York funds in Montreal, sfo625 pre-
MUM per $1,000: Montreal funds In New
York, si12.50 discount per $1,000.
The New York herald., 1921-07-24

ROGERS 4 Sullivan. 40 Cedar street. are dis
tributine. on request. 100 page bookle, en-,
rra dina In stocks" and covering every phase
OF Income building. scientific Investment.
The New York herald., 1921-07-24

Frank l.. POLK and George r. slsdc have
been elected directors Of the Erie Railroad to
nucceed respectively Francis Lynde Stetson,
deceased, and Ogden Mills resigneds
The New York herald., 1921-07-24
MONEY MARKET.
SATURDAY. JULY 20.
CALL MONEY FOR WEEK.
TIME LOANS.

Mixed collateral. 90 20 90 days. 4
Mixed collateral. 4 60 o months. ........... Z
lndustrials' bu 70 w days. s..................
Industrials, to months. ................
The New York herald., 1921-07-24
COMMERCIAL PArER.
DISCOUNT RATES. RESERVE BANK.

Commercial paper. Is days. 5is; 10 10 90
DAYS. 5h; Liberty bonds and Victory notes
is days, bm: 10 20 90 days. OF; bankers ac-
ceptances, 16 90 90 days. bh.
The New York herald., 1921-07-24
OPEN MARKET RATES.

Prime eligible acceptances on cali. q; re-
discount at Reserve Bank. GO to 90 days,
eligible, GO 70 90 days, 6d5M; non-ellgible.
90 TO 90 days, 6h6Jh.
The New York herald., 1921-07-24

official bar silver in New York, domestic
oofkc. an ounce, unchanged; foreign, 60hc.
| or 1kc. London. ssd.. unchanged; Mexican
dollars, s6ssc.. unchanged. A M
The New York herald., 1921-07-24
NEW YORK STOCK EXCHANGE QUOTATIONS
sAruRD 1921

FEAR to date. ss,5Ss, 5Sst SIS
The New York herald., 1921-07-24
CLEARING HOUSE STATEMENT.
sILYER MARKET.

Clearing House exchanges, SJ39, 500 900
balances, sts, 100000; Federal Reserve credit
balance. $40, GOO, 900.
The New York herald., 1921-07-24

t h
werem made at pic oud Of
The New York herald., 1921-07-24

oRsn- lnx. aasn- esta sss sss. ing. ich:os.,
Evening star., 1921-10-12
Three One-Dollar Underwear Specials
WOn,en's
Underwear

Values to 75c

Lawrence Jersey Knit
Bloomers. Kayser Low
neck Vests. flesh and
white. Women's low
neck Union Suits. tight
knee and envelope style,
and umbrella. Also me-
dium-weight vests. high,
low and Dutch neck,
ankle and knee length
pants. Also corset COW
ers; long sleeves. At 2
for 81.
Evening star., 1921-10-12
Silk and Wool Sports
Hose. 1896

Regularly $425 and $3.50. Special pur-
chase of Women's Fine Silk and Wool
Sports Hose, with hand embroidered silk
clocks. In brown, blue, heather, gray and
new Canton shades.
Evening star., 1921-10-12

:-plece Ser. including Cap and Scarf Of soft
All bright colors. At set
4.piece Set. including Sweater. Cap. Leggins and
Mitts. Of all-wool brush Angoria: all prac- $3.50
tical colors Sizes to years. AT set.
Drawer Lexgin.. of soft. white worsted link.
link stitch, with or without feet S1.39
Evening star., 1921-10-12
TAILORED DIMITY
Blouses, $500

Made to wear with the jumper
dress. Three different patterns,
round collars; some are pleated,
others with picot edge. All sizes,
"a to 46. At $500.
Palais Royal-Third Floor.
Evening star., 1921-10-12
Women's Wool Sports
Hose, ST.

Regularly $1.25 and S1.50. Wool
mixed, in plain, Richelieu and fine
ribbed, in brown, green and heather
mixtures
Evening star., 1921-10-12
81
Regularly
81 and $50

E. Z. Fleeced Suits,
with button attach
ments, 2 to IS years.
Warm aeeced suits.
white, drop seat, ? to
16 years. Boys wool
mixed shirts and
drawers, long sleeves,
ankle length, full cut.
4 to 10 years. At 81
suit.
Evening star., 1921-10-12
Children's New Winter Apparel Underpriced

CbiIdren's Dresses, also rompers in the lot
Cute styles with yokes belted model Some
embroidered in cute designs. All colors 81
. to years. At ~
MILDLY Bl0uses, made Of Lonsdale Jean, reEu-~
lation styles. with yokes laced fronts Braid
trimmed collar. Sizes 6 to II. l3 to Is and 81 IN
"a to 40. At %'~O
Palais ReyaI-Third Floor. >
Evening star., 1921-10-12
$780,. TAILORED -
BI.OUSES
$500.

1T least one tailored .....
Blouse should be included
iu every womon's srard-
robe, and at this price any
aUonan can haze one.
Smart styles in heavy quality
Crepe de Chine; various collars,
roll, round, fiat and Tuxedo and
Peter Pan. In flesh. white and
bisque. Also attractive pongee
models. edged with tiny frill. Sizes
So to 4o. At $500.
Evening star., 1921-10-12
Clcartone Records at 49c

1Onch Double Disc Records. Scores Of popular hits,
including "AlI By Myself Mimi, I'm Nobodys Baby,
MY Sunny Tennessee. Sunny Side SAL" etc %
Bargain Basement.
Evening star., 1921-10-12

. Fieeced lined Low
neck, :. ankle length.
medium weight. high
neck, long sleeve, aHkle
:, length. Dutch neck.
elbow sleeves, knee
length. Low neck, ankle
and knee lengths. Regu-
la:. shoulder and bodice
styles. Regular and
extra sizes. At 81.
Dslats Roval-Nafn Floor.
Evening star., 1921-10-12

We have just re-
ceived a special ship
ment of this famous
make union suit.
The Palais Royal is
the sole distributor
Evening star., 1921-03-07

sion a recommendation for a drastic
pistol law. making it impossible for
any person to buy a gun without first
securing a permit and putting Sc.
we're penalty upon any one who sells
a deadly weapon without the pre-
sentation of such a permit. The new
law also should increase the penalty
for pistol-carrying without license.
1t has been recommended that i
long penitentiary term be given to
the gun-toter when caught. At pres
ent the courts are inclined to give
the limit of the law to those who are
brought before them on this charge.
This is right. The man who has a
gun in his pocket is a potential slayer.
Only very few of them have a right
to carry them. Almost every one of
them has the weapon for purpose of
Offense. The men who slew police
men recently were of the killer"
type. Yet they could get guns with
out the least trouble. Make the con-
Cealed weapons act mean something
by catching more Of the "toters' and
giving them the maximum penalty,
and then get law which puts 1t up
to the pistol vendors to prevent ire
sponsible people from getting guns
and the District will be comparatively
safe from this peril.
Evening star., 1921-03-07

his appearance now at the head OF
the Treasury Department. Although
less widely advertised than was Mr..
Carnegie or Mr.. Frick, he Is as favor
ably known as either in financial cir
cles.
Pittsburgh is a great labor center.
Large numbers of men who work with
their hands live there or thereabout.
Labor unions are strong there. Mr..
Davis has himself worked with his
hands, and he carries a union card.
1t is to be presumed, therefore, that
he understands the sentiments of
wage -earners, and sympathizes with
their best aspirations. He must be
familiar. too, with the contentious be-
tween labor and capital, as some of
the warmest Of them have been
staged and fought out in and around
his home town.
Both the Treasury Department and
the Department of Labor bulk large
in the present equation. and the fact
that each is under the direction Of an
experienced and successful man will
have an excellent effect on the gen
eral situation.