davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-30
business Developments Conflicting

Reviewing conditions in the Third
Federal Reserve Bank District during
the last month. Richard J.. Austin.
reserve agent of the Philadelphia Re-
serve Bank, said:
AT no time since the beginning of
the period Of rcadjustment early in 1920
have developments In the business situ-
alton in the Third Federal Reserve Dis.
trict been so conflicting as during the
mally should have received a large VOL
umc of orders under the impulse of ap-
proaching spring report not only no
improvcment in demand, but. in fact.
n decline. On the other hand, sales in
n number Nf industries not dependent
upon seasonal conditions have in
creased. The reactions, however. have
outwelghed the gains, and rs q result no
general Improvement has occurred dur.
ing March. 1t was confidently ex-
|uected that the turn of the first quarter
,of 1922 would find business more ac-
five. But viewed from the standpoint
Iof actual demand for both raw materials
Iand finished products--and 1t must be
business is to sell either goods or serv-
Iicrs-the situation today is but little
better than that OF January !. II is true,
however. that fundamental rcadjust-
mcn,S have continued. and that to the
extent Of these rrudiustmcnts business
~. in Il stronger position. lnQuestion-
ably, II firm foundation for real prog
rcsh is being laid. and the point Of
Lcpurturc for return 70 normal con
ditiOns IL nearer.
THE most encouraging factor in the
situation at the present time is the
prospect of considerable building ac :
tiyity during the coming spring and
summer. For several months the value
Of permits issued has Been large. and
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-30
GOSSIP OF
THE STREET

Commenting on the revived active
trading In the rail division yesterday: q
downtown broker said that probably
never has there existed in the annals
OF the market for securities such an
ideal situation for profitable spccula-
tion on the long side Of the railroad
stocks, Conditions In 1896, after the
election Of Mr.. Mckinley, were moet
favorable, but in those days there was
a period Of uncertainty ahead owing to
the fight over the gold standard not
having been eliminated, nor was the
wealth Of America at all comparable
with that Of the present day.
Many great transportation systems
at that time were emerging from finan.
cial chaos and receiverships. but those
number among them our most substan.
tinl issues of today. Therefore. one
should center attention on the shares
Of the companies whose situation, past,
present and future. will approximate
that Of Atchison, for instance, In the
period mentioned. There Is. a wide sc i.
lection in this category: Any one OF
them will prove profitable.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-30
February Railroad Earnings Large

So striking was the Improvement in
railroad net earnings for February that
il the returns for all roads average the
same rate of gain rs shown by the
returns for forty systems which have
already appeared, the total will repre-
sent almost the full @ per cent return
on tentative property valuation nt which
the Commerce Commission aimed in its
last general rate adjustment.
Forty railroads report an aggregate
net operating income for February of
S31 ,S61 100. compared with all operat-
ing deficit Of S4.216,175 for the same
roads in February. 1921. At this rate
the total net for. all Glass roads for
February would approximate Sj4,-
20O. 900.
The February proportion Of a 6 per
cent return on the $4,000. 900 900
tentative property valuation, basing the
monthly division upon the average dis
trbution of net operating income for
the three years ended June 30. 1917,
would be S5G. 800 900. This estimate
indicates, therefore. that the railroads
earned in February the equivalent of
an annual return o. 5.7i per cent on
their property valuation.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-30

during recent weeks many contracts
have been let. In fact. actual con
IL under way In numerous
instances. About one.half OF the pe.
pairs and alterations. and there - no
doubt that the home building move
ment will be brisk. Building mate
rial manufacturers, who last month re-
ported an increasing number OF in9ui'
ries, have received fnir- sized orders'
and the demand is stendily improving,
Stocks are not large for this time OF the
year. but manufacturers are able 10
THE TRADER.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-30
Strengthened the Market Position

The speculative situation had ap.
parently passed entirely out OF bearish
influence during the course OF !ester'
days trading. and last night no one
seemed to attach any Importance Z"
the factors that had been brought for
ward as bnsis for aggressive drives
made on the market on Saturday and
Monday. There we're few who seemed
to believe that weakness preyafied ON
those two days when selling was IN
progress. but those fully informed about
the character Of the trading were posi-.
tive in the statements that the bulk
of the offerings on those two days was
for short account and that the result
ing declines increased the underlying
strength which had been the chief fac
tor Of the, market ever since the be-
ginning Of last September. .,
Refercnce was again made III wch.
informed circles to pool activities and
to concentration Of important interests
concerned in market operations In many
!ndustrials. but a new feature was pre-
scnted in the attention devoted to d
number Of railroad stocks.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-30

'1nc!udng extraordinary depreciation of wartime facilities
Earnings available for interest. as shown above
averaged $l,266e46 per annum or over 3 times the
present annual interest charges after giving effect
to this issue.
Dividends of C or more per annun have been paid
on the Company's common stock for the last "a
years, the present rate being Sc.
FINANCIAL POSITION
As of December 81. 1921, the consolidated balance
sheet of the Company and Canadian Alis- Chalmers.
Limited (without giving effect to this issue), showed
plant and equipment 100000 oo0 current assets
over $l4,000,000 total indebtedness less than
$eoOo,ooo. depreciation reserve $5,4o0,ooo. An
appraisal as of July 81 1920. by Canadian Appraisal
Company. Limited, gave values for plant and equip
ment about $S,00o,000 in excess of those in this
balance sheet
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-30
$5,000,000
Canadian General Electric Company, Limited
Twenty.Year Gold Debentures, SO Series
To mature April I, lo42
To be dated April /, 1922

% pdos.. and interest payable s"y s: ssS
.:l; .s5y a.:' e
Ss%Gs H s 1927 .S s dna i ss%Sf % 1891 @ '
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-30
Charters Filled

Dover. Dci.. Ma rch 30.-Chart"rs fed to-
day: Wavco!ian Radio Corporation. SO.
0oGoO. Send and receive signals. etc..
and TO improve business Of electrical com
E!askc. Wilmington, De-. Union Cereal cor
poration, Deal In grains etc. $4,000, 600.
NJ. l.. Rogers, l.. \. Irwin, W. q. Singer,
Wiimirston. Del. Noble Metals lncurpor-
ated. S2.O0o.Ooo. Mining; Wray G, Arnold,
Diencr. Golingswood. \. j. The Vita Films.
Inc. General advertising business. $1,000
900. Alfred Worsnop, Gustav Giro, George
A. Mccormick. New York.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-30
Steel Companies Gaining Ground

The Iron Age. in its weekly review.
confirms the recent reported steady I'M
prOvemcnt in the steel industry. and
states that "steel companies have gained
ground in the past week in their effort to
advance prices. The more active buy
ing that dates from the second week OF
March has continued and the rate OF
steel works operation IS still climbing.
Apparently both producers and consum.
crs have been surprised at the rate at
which buying has developed. lndica.
tions now are March bookings will show
the largest total since July or August.
1920 While some small sales of bars.
shnnes and plates have been made nt
10, Pittsburgh. fact Is business Is still
being taken at lower figures where
transactions were left open until
April I.
Steel Corporation expansion in pig
iron output is even greater thnn was in.
dicated last week. Instead of six blast
furnaces resuming revised schedule calls
for starting up nine. the other three
being at Clarion. Edgar Thomson anu
New Castle. Steel Corporation operat-
ing rate continues this week 20 per cent.
independent companies are probably av-
craginy 60 per cent in production. put
ting industry as whole mt about 10
per cent.
With fabricated steel lettings totaling
81 900 tons. taking in only projects of
Size past week and week preceding with
total of 10000 tonsD. both indicate
bookings by bridge and structural shops
Mt rate Of over 100 per cont. March
orders in export trade show an improve,
ment, rate being over 40 per cent Of
average for 1920, which was 4l3.WO
tons per month. 4 6000-ton rail in
auiry for Japan is pending
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-30
French Bank Statement

Paris. March 3o.--The weekly statement
Of the Bank Of France shows the following
changes: Gold in hand increased 2O5. 900
francs silver in hand Increased IT,. 900.
notes in circulation increased 248. 215. 900.
treasury deposits decreased 20. $40. 600. gem
counted increased rs, 795. 900. advances de-
creased 35.5 5000. advances to the state
rena ined unchanged at 2l. 500, ,000, 900.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-30
Royal Dutch Movement

Transactions in Royal Dutch. recently
have been of an interesting character:
that stock being in supply at 53A and
531s, but In demand when the price
approached 52. with the trading gem
orally of n character to indicate accu-
mutation by strong interests. 1t was
thought that these market operations
are in connection with the belief that
the Dutch Government will soon take
action in tho discriminatory taxes
agoinst oil production and distribution.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-30
MISCELLANEOUS
Rock Island Southern Denied Loan

Washington. March 30, --RecelrorS Of tn"
Roe, Island NoutNcrn HALLWAY toinpnn!
lyer, ,lrnie Government loan OF Sl5U,ONO
today hv tr" Interstate Commerce rOmmis!
sion. IN, oomnussiun hri thar the road
which upvraIeJ I short Inc IN liinois RAD
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-30
Paris tourse Irregular

ruris. March 3o.--rriccs n,Sedk dkitseguIar.
ly on the Bourse today. rhreS Nper cent
Tentes. 80 francs 90 &c, times: Exchange
on London. ~ francs 30 confines \ Yer cent
was quoted at II france 10 csntirnss. "a.
The Bridgeport times and evening farmer., 1922-01-21
Irish Bank To Become Home Of
 New Free State

Dublin, Jan. 21-CBy the A. P.)- The old Irish parliament building on College Green, now occupied by the Bank of Ireland, is destined to be- come the official home of the legisla- ture of the new Irish Free State. ac- cordfng to the political correspondent of the Free eman's Journal
 When Michael Collins and Will jam Cosgrove visited the handsome historic building on Wednesday," the writer says, their visit was not en- tirely concerned with matters O. finance. When arrangeme ments ap pointing the Bank of Ireland as financial agents for the new govern ment were concluded. the ministers were conducted around the building with view to investig gate its suita- pIlity to house the parliament.
 They spent a little time in the old house of Lords, which is practically unchanged after the 122 years that have rolled away since it put the castle within reach of the subverted grattan's parliament
The Bridgeport times and evening farmer., 1922-01-21
CONVERSION OF ALLIED
 DEBT FOR SALE IN
 MARKET IS PROPOSED

New York, Jar. c1.-Conversion of the Allied debts of $11, 900, ,0o0,0 or some agreed portion of them into international obligations, guaranteed by the various governments, and is sued in convenient denominations for sale in the general investment market was proposed here today by comp troller of the currency D R. Crissing- CT, one of the administrations chief spokesman in fiscal problems
 Crissinger's plan was linked up with his suggestion for the creation or an international trade bank, as means of stabilizing world commerce. He spoke before the national Republican club on the subject of foreign reia- tions, and dealt particularly with the methods of effecting settlement oI the foreign debts.
 s.In co-operation of the powerful governments and banking estaol1sh- ments of the world, those Securllles could be made the means Of DrlngIn6 together an adequate reserve ol= soiu and credit for the creation of an ll- ternational trade bank" he said
 Such an institution might issue an international currency or II talsit li of American dollars Swiss francs' Dutch guilders-of any money sXs- tenn that is recognized as securely on a gold basis"
 dealing with the foreign debt settle ment was deemed significant because at the same time he told of Amer ica's lively concern, in the determlna- tions which may be reached by rep resentatives of the various world powers soon to assemble in the eco homie conference at Genoa
 Crissinger referred to the fact that whatever may be the United States governments decision on the question of becoming an active participant in the Genoa conference. that the ex- tent to which America can cooper ate and assist Europe through her economic difficulties de0ends upon the kind of program that the Genoa conference may evolve
 'The extent to which America can cooperate and assist them in their economic difficulties will depend a1- most entirely on the attitude they adopt" he said. 'tIn the long run they will get all the assistance Amer ica is able to give them, because the giving will be of much advantage to us as we'll as to them-
 ''The task at Genoa will be pecu- liarly one for Europe to deal with one which must largely determine how far the European peoples are prepared to go in order to assure economic rehabilitation"
 He asserted that if 8 plan for in ternationaF cooperation effort is esta blished at Genoa, such program must be worked out elsewhere by i'm mediate effort to deal with world economic troubles just the Wash ington conference has delt with poli- ucal issues"
The Bridgeport times and evening farmer., 1922-01-21
Irish From All
 Parts Of World
 Reaching aris

Paris, Jan. 21.-(By The A. P)- Sons and daughters of Ireland and their descendants from all corners of the globe began arriving in Paris this morning to take part in the world conference of the Irish race, set to begin here today.
 The organizers of the conference for which arrangements have been in progress several months, expect del egates to be present from 5 different countries and from nearly every state in the United States.
 The American delegates, some of whom already are in Europe, are ex- pected to arrive today and tomorrow The lord mayor of Dublin arrived this morning. Eamon DeValera is expect ed to put in his appearance next week.
 Politics and religion are barred from the program, say the organizers, the object being to promote the eco homie interests of the Irish Free State the world.
 The convention will mark the re- sumption of an event which until the thirteenth century was an i'm portant annual feature of Irish life. The last one was held in Ireland in the four teenth century. It is purely educa- tinal in character and in no way is connected with the Sim Fein move ment
 The invitations to the "aonac" as the congress is known in Gaelic, were sent out by MT. DeValera some time ago.
The Bridgeport times and evening farmer., 1922-01-21
T eacher, III
 With Smallpox
 Released Today

Mrs Ellen Hawley, school teacher, who was stricken with a mild attack of smallpox a couple of weeks ago. was released from Englewood hospital today as completely cured. Mrs. Hawley made the sixth release this week and on Monday or Tuesday eight or ten more will be discharged.
 One new positive case and one oth- CT suspicious case were reported this morning, making a total of 75 defin- ite smallpox cases in Bridgeport since the outbreak first occurred.
 Tn one family of eight yesterday six were found i'll of the disease and reSoxed to the hospital. Of the six stricken, one adult had been vac cinated 30 years ago. The two mem- bers of the family not victims of the disease had been vaccinated.
 The vaccination Of the school pop ulation of Bridgeport is practically completed and of the S3,o00 pupils subject to this order. 95 per cent. are now vaccinated. Objections to vac cination have been raised by several hundred pupils but the Board of Health Is leaving it to the Board of Education as to whether or not these children should be kept from school.
The Bridgeport times and evening farmer., 1922-01-21
LLOYD GEORGE
 DESIRES ALL
 WARS TO END
Premier Makes Great Ad- dress At Liberal Confer ence And Praises The League Of Nations.

London, Jan. 21-CBy the A. P.o- Premier Lloyd George, addressing the National Liberal conference today, declared that all the nations of Europe, without distinction, had been invited to the Genoa economic confer ence "'because we want to put an end to constant wars and rumors of wars"
 Discussing the Washington confer ence he said: "The peace of the world largely depends upon good un- derstandtng between the United States and ourselves. The conference has done more than anything else to re- store that understanding" The Premier in referring to international conferences in general said that if there had been a conference in July 1914, there would have been no war in August, 1914.
 No international conference ever settled Europe's problem~'' D he said. but they have advanced the cause of peace on earth. I have profound con- viction and faith in the ultimate req son of mankind.''
 Tt is the first time for a century, he said, "that we have had an Irish government established with the whole-hearted sanction of the people of Great Britain"
 MT. Lloyd George said he was looking to the Genoa conference to restore peace in the east. If per manent peace is established there must be great reduction in the cost of armaments," he added. "The British army is being reduced to be- low pre-war standard and the navy and air force are being reduced also. The nations must be prepared to take risks for pea-e."
 The Prime Minister said he was a believer in the League of Nations 'I wish some of it's friends would not run 1t as If it were a sort of little party show he added. With refer ence to German reparations. MT. Lloyd George declared: q am one of those who think Germany ought not to be let off from payment, but Ger many is suffering from exhaustion. like other nations, and delay is in evitable. The sooner, however, a set uement is reached the better,'
The Bridgeport times and evening farmer., 1922-01-21
PresentatiOn
 Of Evidence
 Near A Close

San Francisco, Jan. 21-Presenta- ton of evidence by the state neared a close today in the trial of Roscoe C. (F'attD Arbuckle, charged with man slaughter in connection with the death of Virginia Rappe. film actress Only few more witnesses are to be called 1t was announced.
 The principal points still to be de yeloped by the prosecution involved Is the matter of finger prints on the door in Arbuck1e's rooms at the St. Francis hotel alleged to have been been made by Arbuckle and Miss Rap pc in what the prosecution seeks to prove a struggle
 District Attorney Brady announced last night that the prosecution would insist that Judge Harold Louderback officially declare as an adverse and hostile witness Miss Fay Provost, who made charges on the witness stand Thursday that the prosecution had sought to influence her to give certain adverse testimony. Brady said he would put Captain of Detectives Dun can Matheson and others on the wit ness stand to impeach her tesu- mOny.
The Bridgeport times and evening farmer., 1922-01-21
Mayor Desires
 Bigger Cut In
 City Estimate
Mayor Atwater's Goal Is A Tax Rate Of No More Than 28.6 - By Cutting Salary Of New Ap- pointees Approximately $1oo,ooo Will Be By Reductions Consolidation And Decreases

Between s475,OoO and s5o0,Oo0 must be Topped from the estimate of total appropriations for 1922-23 be- fore the financial estimates of City Auditor Bernard Heating would be satisfactory to Mayor Fred Atwater. The reduction of estimated appro- priations by s475.0OO would result in q. full two mill reduction from Audi tor keating's estimated tax rate of 2S.6 mills. Mayor Atwater's goal, as set forth today, is tax rate of no more than 26.6 mills on the grand list, which would be fully S.6 mills lower than the 34.9 rate of last year.
 Reduction of expenditures are pos sible, the mayor said today, in the purchase of supplies and in the sal aries accounts of every department, except the police. fire and school boards. Civil service requirements of these departments eliminates them from the control of the city, insofar
 Will Save S1OO,OOO.
 By the enforcement of Mayor At waters orders for a 20 per cent. re- duction in departmental payrolls by February 1. it is estimated that be- tween SS0,00O and s100,00o will be saved the city The orders were spe- cifcally explained today to mean a general reduction in the departments palroll, either by salary decreases. reduction of personnel, or consolida- ton Or two or more positions into one.
 Referring to his suggestions that savings might be effected in the pur- chase of the ctty's supplies, the mayor said that he did not necessar- fly mean smaller purchases or pur- chaseS of less expensive material. but the institution of a practise of better will get maximum of service at a minimum cost
The Bridgeport times and evening farmer., 1922-01-21
LYCELL DELEGATES
 SONG TO MAYOR

Two hundred guests were delighted bv the splendid concert given last evening in the ballroom of The Strat- field by Joseph Lycell. baritone, as sisted by Miss Wilma F'ekete, vto- linist Miss Gertrude E. forth and Mrs. August Berger were the accom- panists.
 During the first part of the pro- gram MT. Lycell rendered his own composition, Try to Be the Fellow That Your Mother Thinks You Are" after which he announced that the number was dedicated to Mayor and strength of MT. Lycelrs voice was shown in the many Norwegian, Swedish and German numbers which he sang.
 Miss Fekete. who is a pupil of August Berger, played "Concert, 1st Movement" by Mozart; Concerto, No. Part 1. by DeBeriot, and 3"Hegre Katt.' by Hubay,
The Bridgeport times and evening farmer., 1922-01-21
POPE: BENEDICT X DEAD
WELLESLEY
 FRESHMEN POWDER AGAIN

Wellesley, Mass, Jan 21.-The Freshmen of Wellesley College powdered their noses again today this time with more than usual reason. For 24 hours the dainty noses had been under cover of green crepe caps. The patches were imposed by the sophomore class because they thought fresh men had been holding their noses too high. Their haughtiness sup pCsedly suDdued, the freshmen were allowed to expose the noses again. Powder took the place of patches and personal taste in shades again controlled instead of the dictates of class domination.
The Bridgeport times and evening farmer., 1922-01-21
Vigorous Protests Nude
 Against NezD App0intees

Vigorous protests are pouring into the office of Mayor Fred Atwater since his announcement of more than 100 city appointments yesterday. The mayor now is in full charge of the distribution of political patronage. having relieved Town Chairman John 4. Cornell.
 Protests have been entered particu- 1arly by the First, Second, Fifth and Ninth districts, who are displeased with patronage that already has been distributed Mayor Atwater again today stated that he may yet make several changes in the appointments.