davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-06-25
Stock Prices
Again Rise;
ExchangesDrop
Foreign Resilessness, Dram.
atizcd by Assassination of
Rathenau, Reflected i'm
the New Low for Marks

speculative ana investment securities
contributed the only display Of strength
70 yesterdays abbreviated trading
period in the financial markets. m.
average prices of both classification,
achieving on slight volume Of trans
actions the highest levels of the week
Elsewhere the forces Of liquidation.
traceable 20 varying causes. were in
command. being especially effective in
the foreign exchange market which,
under new wave OF selling tha,
carried marks TO a record low at 2sh-
hundrodths OF a cent. returned quota.
tions TO or below the minimum levels
reached in the break that eliminated ID
Just r week ago.
Rapid depreciation OF foreign cur.
rency values was linked with the news
Of tho assassination Of DR.. Walter
Rsthenau, German Minister Of Foreign
Affairs, who has been regarded as one
OF The soundest and ablest financial and
economic thinkers in Germany since
the war. The event was significant
not alone because IL removed a leader
who had been working persistcntly for
a settlement Of Europe's problems, but
because Of the indication Of disturbed
social and political conditions abroad
following close upon the heels Of Field
Marshal Wilson's assassination. Tn,
decline in quotations was largely de
rived from the Interpretation OF III,
news by New York interests. as closing
prices az London were comparatively
stable. The attainment Of new
minimum by marks. which had helC
fairly firm during recent weakness o.
other eurrencies. stood out conspicu
ously. but losses in other items on tn
list were considerable. including de
elines Of l7s cents in sterling, 5 points
in francs and III points in lire.
Railroad shares continued as th'
strongest division in the stock market
Buying was particularly active. bu
was of substantial character. appar
emily being based upon improved earn
ings Of the carriers and the genera
expectation that the threatened strike
will terminate quickly If IL starts a.
all Industrial shares steadied a,
Mexican Petroleum quieted down
Transactions in this stock were
negligible in volume. the price goins
as high as 1873 and closing al 1917, w
5iz points net. as the conviction spread
that the Stock Exchange authorities in
their investigation had uncovered moth.
+ ing in the position calling for action
The death Of William Rockefeller. had
IL occurred several years ago. might
have disturbed the market, but his Sc
curity holdings are not so constituted
now. according 70 the impression OBJ
tanning in the Street. as 70 prove an
influence upon tho course Of trading.
Cotton was under pressure almost
from the outset yesterday and prices
NJ the close had yielded an additional
% TO 80 points. The more favorable
outlook for the crop rs weather con
ditions hold good was ngain the mott.
vating influence. Wheat likewise sold
lower on weather prospects. but late
recovery due to the unwillingness OF
the short interest 20 carry its com
mitments over the weekend left prices
practically unchanged from Fridays
/ final levels.
New-York tribune., 1922-06-25
THE AMERICAS
GRAY Goods Stronger

The price Of raw cotton continues 20
strengthen the gray goods markei'
with the result that trading was some
what more active yesterday. Conees-
sions we're scarce and holders were
firm. Members Of the trade comment
inc on to-days advance OF a cent on
ss'72s said that prices may continue
70 advance. Several gray goods m'f'
chants suggested that an advance m
gray goods would have q weakening
eject on the market. Cloth sellers
are perplexed They claim the retailer
cannot get higher prices and therefore
will not buy beyond his immediate
needs.
New-York tribune., 1922-06-25

Wall Street is satisfied OF Mcyico's
good will and honesty. A bulletin
issued by the Mexican Chamber of
Commerce Of the United States says
this Is Tho meaning of the agreement
signed by Adolpfo dc Ia Hucria, the
Mexican Secretary - Finance, and the
group % international bankers headed
by Thomas ". Lamont. "Wall street
is satisfied Of Moxico's ability 20 pay
and Of tho efficiency Of the present
Mexican government and it7 capabili'y
Of fulfilling IT'S obligations" tho bull
letin adds. "The compromise is the
most important financial stop eyer
taken by Mexico ond tic most success
ful ever reached by the clever men who
Mexico has had the fortune % have In
charge Of her financial affairs during
'he last hfiy years. By this agreement
Mexico recognize an ia legitimate oh.
legations. discardirg debts contracted
during lIuerta'3 usurpation. including
the packing house loan Resumption
OF current service OF Mcxico's debt. it
is pointed out. will amount % $4,000
0c0 United States currency annually.
Mexico. il is stated. is ir q position 20
effect this payment out OF fund rc-
ccived from income specifically created
for that purpose without touching its
regular resources and without impos-
INK additional burdens ON its people or
It's domestic industry. The oXpor. tay
ON oil. according % tho decree of juno.
1921. ard which has already produced
S6.000.000. Deposited in the National
Bank o. Ncxico. IL r. estimated wi'l
produce as minimum fi2.000000, and
the remaining s3.000.000 viii be Gov
cred b. surcharge Oh gross railway
rccoiptg
New-York tribune., 1922-06-25
opposition TO Use of
u. s. Silk Test House

Pressure apparently is being brought
bear On Chinese raw silk reelers by
" exporters in that country to DIS
.satge them in using the facilities OF
new silk testing house at shan
ga established by American capital
asoioing to a statement issued yester-
oy the Silk Association Of Amer.
= The exporters have disseminated
EYpagandA 20 the efec; that fix
srsc by the Shanghai testing house is
M being accepted by American SIX
.nefseturers.
Ia letter to the association, Charles
ssSssney, Of Cheney Brothers, calls upon
american buyers Of raw silk, wheth-
eousht in Shanghai or in New York,
insist that their purchases be upon
basis Of conditioning and testing
Zh asnghai testing house. If this
49, prove 70 be sufficiently force
says. other means must be
As 70 provide for an avenue for
~ .meriean silk industry into the
hte field which will be more in
"pa1ay and accord with our needs"
New-York tribune., 1922-06-25
In Wall Street
William Ro,kefeIIcr,s peath

william Rockefciler's death. which
was known in Wall street before tne
opening Of the stock market, ~as not
reflected in the course n security
prices In the two-hour trading ses-
sion. Opinion In th, financial district
was that he had arranged his estate
in such manner that no stocks need
be liquidatcd In its settlement. should
this be the case. however. ~ would not
be a market Influence until later On.
Mr Rockefeller. in former years was
understood 20 have been an ''-iye
stock market trader much more 80
than John d.
New-York tribune., 1922-06-25
Amcrlcnn sn eltlng ProEle.

Tho management of the American
Smelling and Refining Company rs un-
derstood 90 hold proxies representing
between 100000 and 100000 shares %
be voted M the annual meeting sched-
ulcd for June 27. a total ~ 55l 900
shares is all that IL required 20 elect
the regular ticket Although tho indi-
cations arc that tho management can
put through whatever ticket n may
select. 10 is believed that concessions
will be made 90 independent stocHhold-
ers seeking representation on the
board.
New-York tribune., 1922-06-25
sironrih In the Rail-

The persistent strorg''i 81 The rail
stocks the las' fcw days he's ncen n
surprise 70 marie, Observers Who have
feit that the wortcls affiliated with
ihe American Federation n Labor
would carry cut their threat 20 strike
on July l. The advance Of previous
days was followed ~ fosicrday and
by the close the majority of active
issues showed substantial Cnins for
the day. Tho belief is held in some
quar'ers there viii BE- no strike despite
tho warning Of tho union leaders.
New-York tribune., 1922-06-25
British Roads Offices Hero

The London & Northwestern Rail.
way of England expects shortly 20 open
Offices IN men of the larger Ameri.
can industrial centers for tne solieits.
tion Of freight business. Arrangements
viii he made 70 Furnish inland rates
and canrces from sri.irs ports 70 in.
land destinations. thus enabling Amer
lean exporters % quote with accuracy
through iate 20 the buyers door.
New-York tribune., 1922-06-25
Curacao OIL for United States

A cargo Of 77,5o5 barrels about H.
or tors) OF Venezuelan crude oil hk,
been shipped by the Curacao Petrolst-
Company 10 Fall River. Mass: This
the second cargo Of Venezuelan ervet
Of. 10 be shipped By this company 70
Fall River within the last four months.
and IL Is reported other large ship
ments will follow.
New-York tribune., 1922-06-25
Days NerV Issues

ped-.,nd & CO. and Z. ". Press.
-ri.h 4 Co.. are Offering 70 yield 40
10 400 per cent a new issue OF soo4'-
zoo CITY OF Pouchkeepsie, \. l., water
~ nor cent bonds. due l923-'o2'
p r. Grant 6 Co. arc Offering 70
Weld 3 GER cent a new issue OF Sleo,.
200 stokes County, y. c, 80 Per eeht
cad snd bridge bonds, due ls55-'oz'
prsdsen 4 Co. are Offering new
issne of $4,000 Sorfolk County, Va
Z per cent school district bondf, due
In 1912
New-York tribune., 1922-06-25
Whot's Behind
ActiUe Stocks?
20-Sinclair Consolidated


The Sinclair Consolidated OIL Cor
pofat.on is one Of the newer units
in The oil industry, dating back only
20 1919. r. common stock has
found an active position in the
market partly on account Of pool
operc ctions, bat in recent morths a.
tenfion has been attracted 20 tnc
stock by the compauy's associations
with the Standard oil Company Of
Indiana. % which Sinclair sold
half interest in the Sinclair Pipe
Line Company. The Indiana conf
pany also owns 80 per cent or the
stock of the Sinclair Crude oil
Purchasing Company. Sinclair owns
extensive oil and gas leases In Kan
sas. Oklahoma. Texas. Louisiana
and Mexico. Just recently q con
eession In Portuguese West Africa
WAS granted 20 the company. On
the basis Of an unproven valuation
OF S2i3,555,000 for properties, in
Guiding oil and gas leases, net as
sets applicable 20 the common stock
on December 81. 1921. were equal
10 S54.i2 share on the 4.OG769s
shares Of stock. On the retirement
Of the ~ per cent notes next No
vomber the company will have
funded deb, Of S50,S5i 900 and an
indirect liability for the $50 100000
of Sinclair Crude Oil Purchasing
Company notes. Holders OF Sinclair
common received per cent IN stock
In 1919 and an equal amount In 1920
and the company has declared an
initial dividend OF 30 cents quarter.
ly. Net earnings from Incorporation
20 December 81. 1921, aggregated
s20.477 GOO. or S5.O3 a share on the
lsrgest amount of common stocs
outstanding. Range Of stock: High,
G41, IN 1879; low, 1917, In 1921;
,ov, AZ
New-York tribune., 1922-06-25
Iondon Money Market

LONDON, June ~. Bsr silver, 5SBd
pcr ounce. Bar gold, 95s al. Money.
per cent. Discount rates Short and
three month bills. 2km2a. per cent.
New-York tribune., 1922-06-25

Redistribution OF funds accumulated
here IN connection with rho june IS
payments and honvy withdrawals By
out-of-town institutions which were
unwilling 90 keep surplus rllane
here 40 the low rates prevailing most
Of the week were responsible iar 80
amazing shift in tho position of tlc
Clearing House banks The wcr'iy
statement. issued yesterday. revealed
that the comfortable cxccu re.efc
had been completely eliminated bY n
drop of s67,556 260 croatiro % fef i.
below lccal roouircmorts OF 3.c2j.200
Nc, demand deposits recorded docronse
Of Ss8030.O0o and government deposits
we're or % Sl0.502 ,0Oe. losses which "a
Si2.353 900 in time dopo .,s did LITTLE
20 efface Loans and discounts, on tHe
other hand, In Response ~ the demand
stimulated by the temporary cheap
ness of money expanded S39i7s.0Co.
Also significant was th. shrinkace ~
S78.592 900 IN the reserve Of member
banks n, me Federal Reserve Bank.
New-York tribune., 1922-06-25
Bid and Asked

Following are the closing bid and
asked quotations OF stccks listed on TIE
Stock Exchange IN wlich there were
no t!an actions yesterday:
New-York tribune., 1922-06-25
silver Market

silver--London, 35hd; New lork'
domestic bar, 9she; foreign, fohe;
Mexican dollars, 63Aa
Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1922-12-18
NEWS HAPPENINGS IN DELAWARE AND MARYLAND TOWNS
ELKT0N TO HAVE
BOARD OF TRADE

Special to The Evening Journal.
ELKTON, Nd. Dec. IS.-Pursu-
ant to a call issued by Mayor Will
liam H. Mackall, a largely attended
citizens meeting was held in Coun-
ell hall, Friday. The object of the
meeting was to decide whether or
not Elkton should have a Board of
Trade, to deal with questions per
tanning to the material welfare of
the town. George w. Griffin, Of
Newark, president of the Chamber
of Commerce, of that town, spoke at
some length on how the body he
represented was organized and what
it had accomplished. 1t was unani-
mously agreed that Elkton should
have a Chamber of Commerce or
Board of Trade. and the following
were named a committee TO outline
plans draw UP tentative bylaws
etc. to be submitted at another
meeting 70 be held Wednesday
evening, January 3rd: W. H. Mack
all, S. Ralph Andrews. j. w. Nc
Allster, Thomas B. Miller, Irwin T.
Kepler, Henry H. Mitchell DeLan-
cey Scott, W. r. Baldwin and J. w.
Ayerst.
Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1922-12-18
WILMINGTON MAN
WINS APPEAL CASE

Special to The Evening Journal.
ELKTON Nd, Dec. 1S.-The
Circuit Court for Cecil county has
rendered it's decision in the appeal
case Of Harry Jennings Of Whining
ton. VS.. Town OF Elkton, reversing
the decision of the local magistrate
and declaring the town ordnance
invalid. so far as 1t applied to pri-
vate property. Much interest cen
tered in the outcome OF the case.
Several weeks ago. Jennings was ar
rested and taken before Police JUS
tice Cove s. Scotch. charged with
violating the town ordnance by post
ing bills on a Sign erected on pri-
vate property. a portion OF the old
Cecil County Fair Grounds. He was
fined s25 and costs. An appeal was
taken by Jennings and the case tried
the past week in the Circuit Court
here. Counsel for Jennings con-
tended that She ordnance was an at
tempt to exercise control over pri-
waite property, which Il could not
lawfully do as It was well settled
that Legislatures and municipal
bodies could not control signs on
private property. where the signs
were not a menace to the public
safety or morals OF the community,
The court upheld this contention
and acquitted Jennings on the
charge brought against him.
Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1922-12-18
RUSSIAN QUARTET
GIVES CONCERT

! Special to The Evening Journal.
NEWARK, Dec. 19.-The. concert
given Saturday night in Wolf Hall
by the noted Russian quartet proved
one Of the most delightful entertain
ments Of the Artist Series to date A
large audience greeted the singers
and the continuous applause after
each number indicated how thor
oughly the music lovers appreciated
the program. Seldom II ever has
such an excellent program of music
been presented in Wolf Hall The
work Of Mr., Wilhelm. accompanist
on the piano. was also high class
and much appreciated by the audi
ence.
The next of the Artist Series of
entertainments will be given on
January 81, when Dr. Arthur Wal
wyn Evans, distinguished Welsh hui
morlst and nephew Of former Pre-
mier Lloyd George, will give a lee
ture. His subject will be What
Democracy Means To Me"
Indications are that crowded
houses will greet the Footlights
Club OF the University of Delaware
at the Opera House tomorrow and
Wednesday nights when the three
act comedy, The Magistrate" will
be presented. The cast under the di-
rection OF Alexander p. Blair. Jr..
has rehearsed faithfully for this
show and it promises to be the best
ever presented by the club members.
The University of Delaware will
close for the Christmas holidays on
Friday and will reopen on Wednes-
day, January 3.
Mid-year examinations will start
January &c aLi close February 8.
The Faculty Club will hold its an
nual Christmas party for the mem
bers and their wives In the lounge
room Thursday evening.
Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1922-12-18
LEWEs HAPPENINGS.

LEWES, Dec. 1S.-HarrY ]
Schmierer of Georgetown. has been
transferred from that town to as
sumo charge Of the Atlantic Rein
ing Company business here, sue
ceeding Walton T. Virden, who has
held the position for many years.
Miss Elvira Nelson celebrated her
sixth birthday anniversary Friday
evening by giving a party to her
little friends. Those who attended
were; Misses Estella Beebe. Mary
Maui. Elizabeth Palmer. Frances
Baylis, Catherine Marshall. Frances
Marshall, Virginia and Catherine
Lodge and Miss Otillie Hazard. AZ
ter spending a couple of hours in
games refreshments were served.
Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1922-12-18
FIREMEN'S HALL
IS DEDICATED
New Engine Is Also Housed
at Holloway Terrace,
Saturday
PROF. MCINTYRE
MAKES ADDRESS

/ Special TO The Evening Journal.
HOLLOWAY TERRACE. Dec. IS.
Elaborate ceremonies marked the
housing OF the fire engine OF the Ter
race Civic Association and the dedi-
cation OF the fire and community
hall, Saturday afternoon. About
1000 persons took part in the cele-
bration.
The celebration opened with a pa
rade which formed at Lambson's
Lane and Wilmington road. and pro-
ceeded to West avenue. to Ninth
street to Front thence returning to
West avenue to the fire house. The
Good Will Band OF New Castle head
ed by Jesse A. Mckay led the pa
rade.
The principal speaker OF the after
noon was Professor George McIntire.
Of New Castle, who was introduced
by Major Jesse A. Mckay. president
OF the Good Will fire company. New
Castle. This company took charge
OF the housing of the fire apparatus
for the Terrace flremen. other
speakers OF the afternoon were
Jesse A. Mckay. President Hardy OF
the Terrace Company John n. Jor-
din. chief OF the Five Points Com
pany and John T. Lewis OF Whining
ton.
The companies taking part were
Good VIII fire company of New Cas-
tie: Cranston Heights, Chrlstiana,
Elsmere. Newport and Five Points
companies.
large nag presented 10 the COM
pany by Mrs. Joseph Gonora. OF the
Terrace. was raised.
Following the housing and dedl-
cation refreshments were served ly
the Women's Auxiliary OF the Ter
race Company.
The house and equipment was the I
result of the efforts OF the firemen
and the women's. auxiliary, which by
giving several social functions and
oarnivals during the past two years. |
raised sufficient money for the
project.
The front OF the building, which !
is about "a feet by 80 feet, one story. !
OF cinder block construction will be
used for housing the engine and the
rear for community meeting room.
The engine was put together by the
local firemen and motorized by be-
ing placed on Ford chassis.
There will be a meeting OF the
Terrace Civic Association at s O'Clock
tomorrow evening. This will be the
first business session to be held in
their new home. All members are
requested to be present.
Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1922-12-18
P. 0. Will BE
Open SUNDAY
Postmaster Jolls to Accom-
modate Patrons of Mid
dletoWn Office
EPWORTH LEAGUE
is ORGANIZED
Special to The Evening Journal.

Special to The Evening Journal.
MIDDLETowN, Dec. 1s.-A ban
quet was given to the young people
OF Bethesda NJ. f. Church in the Sun
day school room on Friday evening
to arrange for the organization OF an
Epworth League in the church. The
| first speaker was Burton williams
who gave an address on the GIVE
the Boys a Chance" Miss Eliza
beth Thomas read a paper on What
we did in our Home Epworth
League" Prof. w. II. Jump gave
a talk on What the Omcial Board
thinks OF It," The Rev. d. w.
Jacobs OF Milford gave an address
on Our Youth and The Church"
The pastor OF the church then cir
culated blanks for names OF those
who wish to become members OF an
EpwOrth League and forty-four
names were received. Prof jump
Miss Mary Melvin and William Pin
der were appointed a committee on
nominations for officers OF the meet
ing.
Twenty-Five boys OF the Middle
town schools have organized a Junior
Pure Breed Hampshire Swine Breed
ers Association under the direction
OF the local department of Agricul-
ture. The stock is being secured
from The Blue Hen Farms of New
ark. Mr. Zalser the farm manager
has turned over pigs to the follow
ing boys-Gordon Armstrong. Frank
Vansant, Carlton Lyman, Leland
Snex. Harry Pearce. Carlton Money
Clark Burge, Martin CHM and Wal
ten Kohl. Boys who wish to join
the Association can apply to Prof. +.
P. Vogei
A five ton truck belonging to the
Hecla Roofing Company of Whining
ton was partly destroyed by fire on
Thursday evening near the residence
of w. Lee Pennington. The Nolun-
teer Hose Company put out the fire
but the truck was damaged to the
extent OF several hundred dollars.
At a recent meeting OF the =. o.
s. OF A. these state officers were
present: Frank Hickman, state
President: Herman Johnson, Master.
Of Forms: John Halter, Vice Presi-
dent; Harry Loose. Treasurer;
George Austermuhle. Secretary; Will
liam Cantwell. State Chaplain; Will
liam Weldon, Trustee; District Presi-
dents. G. r. Irwin. T. V. Welsh. A.
Carpenter and John II. Handy.
other visitors present were Albert
Kumpel. Russell Eaton, William
savin. Grant Grayson, r. I. Cart
wright. G. Raleigh, Linden Stafford
and Harvey Melvin.
In order to accommodate tn
patrons Of the local post-ofiice Post
master Jolls will open the post office
on Sunday, December "a from to
1880 and from 4 to o'clock.
Mr.. and Mrs. Lurty. OF Townsend
will observe their fiftieth wedding
anniversary on Thursday, December
2S.
Because OF the approaching holt
days, there will be no meeting OF the
New Century Club tomorrow after
noon on Tuesday afternoon, De-
cember 26. the annual Christmas
Party will be given for the children
OF Middletown and community, Mrs.
Watson X. Belts will be chairman
for the daV
Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1922-12-18
DIR. DAVIS A. SPARKS DEAD.

CENTERVILLE Nd. Dec 1s.-
DR.. Davis A Sparks, aged 76 the
first dentist to practice In Center
vile. died Saturday night at the
home of his niece. Mrs. James
Archibald, Kennedyville, Kent
county. DR.. sparks was born near
Bridgetown. rhis county He was
educated at a Baltimore dental col
lege. and 40 years ago came to
Centerville where he opened an
Office and practiced for more than
20 years Since that time he had
been resident OF Kepnedyville.
where he practiced his profession.
Ie is survived by one brother.
p. Sparks. Of Church
Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1922-12-18
CHOIR APPEARS
WITHOUT VESTMENTS

Special TO The Evening Journal.
NEWARK, Dec. 1S.-The choir OF
st. Thomas Episcopal church to The
surprise Of the congregation, sp-
peared at the service yesterday
morning without vestments. II was
afterwards learned that the reason
for this was that the vestments.
which are kept in the parish house,
adjoining the church, were found to
be spotted with SCOT when mem bers
of the choir went for them before
the service. A new heating system
is being installed in the parish house
and previous to the church service,
some one lighted an oil stove in The
room. The stove smoked. and the
SCOT got on the vestments. Theirs
was not time when this was learned,
to make other arrangements and
consequently the choir appeared
without vestm snts and the organist.
Miss Elizabeth McNeal in cap and
gown.
Mrs. Howard Jester secretary OF
the Guild of St. Thomas church. is
i'll with pneumonia. Her two chill
dren are also reported 10 be I'll.