davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-05-23
Silver and Civil War

Trade betterment in China. India
and the Far East generally has not
peen suftlclent in the view of bankers
and bullion dealers to explain in full
the tn rise in the price of silver. Most of
the buying has come from China and
considerable part of the demand
from this course is associated with
the civil war in that country. India's
trade figures for March revealed a IA
Eorable balance for the first time since
!ate last summer. and purchases have
increased about in proportion to this
change. The advance in prices was
continued yesterday, when the Quota
tlon on foreign silver at New York
moved UP to 73A cents an ounce fracS
tionally better than any level recorded
since November, 1920. The London
price did not stand the same comnari-
son, being below the average price for
1921. This divergence between tbe
Two markets is explained by the an
preclatlon in sterling, the New York
price, being obtained by converting the
l.onaoh price at the current rate of
sterllng. with allowance for freight.
insurance and other incidental charges
Because of the reservation Of the do.
mesSic output for Treasury use under
the Plttman act. the market is mar
rover and consequently more sensi
1--WE TO fluctuations of demand than
normally. The rise has been aided Il
was said yesterday, by speculation and
py the growing disposition to hold for
better prices.
New-York tribune., 1922-05-23
Standard Oils Move Up

Although the run-up In the cal!
money rate yesterday from 2i4 to )
per cent brought about a considerable
amount Of profit taking IN some parts
of the list, this was not the case with
the Standard Oil group, whore buy
ing movement developed in the last
hour which carried the New Jersey
common stock up ~ points
to 1919. Standard Of California ended
the day at 1l72s. a net rise Of 4ls. 4
sharp advance of 3 points in Trans
continental Oil to new high for the
year was said to have been sponsored d
by persons acting for Standard Oil
interests. Transcontinental has an ar
with Standard Oil of Cali
fornia for drilling on its properties in
Montana and Colombia, and favorable
reports have been received concerning
recent operations.
New-York tribune., 1922-05-23
Stock Prices
Higher, g Despite
Late Reaction
Trading Heavy During FIRST
Hour; Gains Reduced by
Profit Taking Toward
End of the Session

impulses making for rising specula-
tive security prices, which last week
carried the average quotations to the
hignest levels in almost two years,
were again operative yesterday Trad
ing was especially heavy during the
first hour, as orders which had accumu
lated over the weekend were executed.
Gains for the day were reduced dur
ing the final hour, as result of a
stiffenlng of the call money rate, which
induced floor traders to take profits.
There seemed to be no real significance
to the run-up in the rate on call funds,
which climbed from ga to per cent,
moving \ per cent at time As is
we'll known, the call money market is
an exceedingly delicate mechanism,
highly sensitive to temporary condi-
tions. A signal of Tightening was re-
/ vealed on Saturday in the Clearing
House statement, which showed an ex-
pansion in loans and decrease in re-
serves. Under Federal Reserve bank
ing the Clearing House reserve has lost
'"~~
much OF its oldtime meaning, but it
can automatically be increased by
member banks borrowing at the
regional bank. However, at the pres
ent time there is a progressive ten
dency on the part of member banks,
particularly in this district, to depend
less on borrowing at the Reserve Bank
and to stand to an increasing degree
on their own resources
low rate on call funds tend. to
drive money into other channels and
an increased rate to resurmon them
to the stock market Moreover, fairly
heavy transfers Of funds out of town
have been taken and the decline of
time money rates to 3a4 per cent for
thirty day paper led to increased time
borrowing. This naturally tended to
diminish the supply available for call
loans, but theoretically the demand
should have fallen spondingly
However. in making the adjustment
some fluctuations in rates was not
wholly inexplicable.
Those spectators who are convinced
that security prices ought to go higher
supplemented their merger motives
with encouragement received at Wash
ington, President Harding's speech that
the country was on the threshold of
a new era Of prosperity and his con-
ferences with business executives at
tracted much attention. Wall Street
was inclined to assume that other ques-
tions. such rs possible Installations,
as well as lower freight rates, were
discussed.
Wheat prices were irregular and cot
ton quotations slightly higher. as a re
suit of the character of the weather
news. The foreign exchanges huctuated
within a narrow arc and closed irregu-
larly.
New-York tribune., 1922-05-23
Dividend Meetings

A number Of important dividend
meetings are on the nearby schedule,
and it was said yesterday that in some
cases increases may be expected. Com
putting bulating Recording directors
convene to-day, and Judging from the
net rise of 2a4 points in the stock
there evidently is some basis for re-
ports that the dividend will be raised
from the present 81 rate. There is
said, however, to be some opposition
to increasing the distribution at this
time, although earnings are running
we'll above dividend requirements.
Middle States Oil directors also meet
to-day and in some quarters there was
a feeling that some sort OF an extra
would be announced The Utah Cop
per board will meet next week, and in
view of the recent improvement in cop
per buying the possibility Of an in
crease in the dividend was suggested.
New-York tribune., 1922-05-23
Call Money Advances

rise in the rate of call money from
3 y per cent at the opening to ) per
cent before the close came as some
thing of a shock to the trading corn
munity. During the major part Of the
session the balance between supply and
demand was fairly maintained. but
after noon there was a considerable
calling of loans. which occasioned a
marking up of the rate first to 4. then
to Az and finally TO per cent A
search for special causes failed TO es-
tablish the basis of the advance. which
appeared rather to be grounded upon
the cumulative influence of several
factors. Among these the sharp decline
in excess reserves shown by the Clear
ing House statement on Saturday,
coupled with an expansion in loans.
was most frequently cited because most
obvious: Such a showing is gener-
ally followed by some effort on the
part of the banks to readjust the
position. Recall of funds by out-of
town lenders occurred on a large scale,
due to the Offering of more profitable
employment at homo or other rea-
sons The recent lowering of the time
loan rate and the consequent increase
IN time loans has also tended to curtail
the supply of money available on call
for speculation. But even in considera
ton of these factors the rise to per
cent seemed to many traders rather
abrupt.
New-York tribune., 1922-05-23
Tobacco Accessory Stocks

With the expected early announce
ment of important developments in the
affairs of the Whelan group of to-
bacco companies, speculative interest
has spread to shares of what would
be called in the automobile industry
accessory companies. One of these. the
international Cigar Machine Company,
on the Curb Exchange yesterday moved
up to new high for the year above
40, compared with last weeks low of
Az. S1&ty-three per cent of this com
pany stock is owned by the Amer
Lean n Machine and Foundry Company
recently an order for fifty machines
was received, valued at approximately
S4OO. 600 '
New-York tribune., 1922-05-23
Selling Rock island IA

Using as bait the Statement that
twelve or fifteen dollars buys 81 Ooo
face value railroad bond bucket shops
and other unscrupulous dealers are
selling the public in large volume the
old Chicago, Rock Island & Pacific
Railroad Company a per cent certif-
cate bonds of 2002, according to "The
New York Evening Post" Interest on
these bonds was defaulted eight years
ago. and since the reorganization they
have been deemed worthless. The arti-
Gle says that, despite the effort made
to warn investors against buying these
securities, boom in them has been
under way for the last month.
New-York tribune., 1922-05-23
Coppcr Sales on Increase

Sales Of copper for domestic and
foreign account thus far in May are
estimated at 100, 100000 pounds. With
several million pounds sold for May,
June and July delivery at 1874 cents
a pound. an increase to 1874 cents was
looked for Immediately in the trade
yesterday Germany is said to have
been the largest foreign buyer of cop
per recently, purchases here thus far
in 1922 being reported at more than
double those Of any other country.
New-York tribune., 1922-05-23
In Wall Street
Midvale and the Merger

The report that the Midvale Steel and
Ordnance Company will not participate
in the merger, which has now dwindled
down to five companies, was again de-
MED yesterday by Thomas l.. Chad
bourne. the legal representative Of the
group. Negotiations are continuing,
he declared after another day Of con
ferenccs. land things look hopeful.
Midvale has not Withdrawn from the
conferences
New-York tribune., 1922-05-23
General Motors Sales

The automobile and truck divisions
Of the General Motors Corporation
produced and sold approximately 40
900 vehicles in April, and this total
is expected to be exceeded this month.
In the first four months OF the cur
rent year the plants in the United
States and Canada produced approx
mately 115,0OO cars and trucks, which
was more than double the production
for the sponding period Of 1921.
New-York tribune., 1922-05-23
The Dollar in Foreign Exchange

Foreign exchange rates held steady
in quiet trading yesterday, sterling
being firmly maintained near the s445
level. Francs, lire and marks were
heavily offered, however, and ruled
, 1922-12-14
Publication.

IN conformity with Sector % of the
Colonial Law of 9Th April 1906. all in
habitan(s of the town of C~hristiansted,
Virgin Islands of the United States, who
consider that they have had a clear an
nual income of Francs 1900, in the past
year LIST January to 31st December. 1922,
and that they are otherwise entitled to
vote in accordance with Section Is of
the Colonial Law. or that they viii attain
the right to vote before the 3lst March
1923, are hereby requested tie submit
information thereof in wri ing to the
undersigned Chairman of the Board Of
Election, before the end of this month.
The Board Of Election for the Town
and Country Distric6, of Christiansted
St. CroiX, December IL, 1922
C. H. PAYNE,
Chairman.
, 1922-12-14
Publication.

IN conformity with Section 20 of the
Colonial Law of 9Th April 1906, all in.
habitants of the Country District of
Chsistiansted, Virgin Islands of the
United States. who consider that they
have had a clear annual income of Francs
1900. in the past year LIST January to
31st December, 1922. and that they are
otherwise entitled 10 vote in accordance
with Section Is OF the Colonial Law, or
that they may attain the right to vote be-
fore the 31st March 1923. are hereby re-
quested to submit information thereof in
writing to the undersigned Chairman of
the Board of Election, before the end of
this month.
The Board Of Election for the Town
and Country lDistrict, of Christiansted,
St. Croix, December II, 1922.
= C. H. PAYNE,
Chairman.
, 1922-12-14
Publication.

I is hereby brought to public notice
that the trademark shown below
which was registered in the United
States Patent Office, Washington, D. c.,
on September %, 1920. in the name of
The Goodyear Tire & Rubber Com
pany of Akron, Ohio, a corpora
ton organized and existing under the
laws of the State of Ohio, IN Trade
mark certificate No. 1876, $40. issued
therefor, has this date been regis
tered in the Office of the Government
Secretary of the Virgin Islands of the
United States at St. Thomas, in &C.
cordance with the provisions in the regu-
lations governing the registration of
Patents and Trademarks in the Virgin
Islands, approved 30 June, 1920.
Evening journal., 1922-01-27
N. W. HOWELL RECEIVER
FOR MOTOR SERVICE

Upon petition OF Henry B. Brad
ford. Chancellor Wolcott this morn
ing appointed Nathaniel w. Howell
receiver and r. Coleman Johnson
and Sheldon NJ. Clayton appraisers
Of the Motor Service. Inc. william
S. Hilles is solicitor for the petitioner
and Reuben Satterthwaite, Jr., for
the defendant company.
Allegations Of the petitioner are
admitted by the Motor Service Inc.
The petitioner alleges that the Motor
Service was Incorporated under the
Delaware State laws in 1917 and had
its place OF business at the north
west corner Of Eleventh and Orange
streets; that he is the owner of four
teen shares OF stock OF the company
and is indorser OF a promissory note
for $1,000 for the company that the
company is in debt to the extent OF
$4,000 and is unable to pay vari-
GUS overdue accounts.
Evening journal., 1922-01-27
A. @. u. W. FOLK AT
NIGHT SMOKER

Lewis Sasse. treasurer OF the Grand
Lodge A. o. Z. w. of Delaware,
addressed the members of Whining
ton Lodge, No. 1. following the week
'ly business session of the lodge last
night. Lewis Sasse, the second
grandson of the first speaker and a
ministerial student at the Episcopal
Seminary. Philadelphia, also address,
ed the meeting on Fraternity. '
Louis Sudhop. master workman oil
Quaker City Lodge, Philadelphia, al
so spoke.
Following the business session and
addresses. the members and guests
enjoyed a social hour, featured by a
smoker. The entertainment com
mittee. John II. Miller. chairman, /,
planning for several entertainment.
of similar character. during the re
mainder OF the winter months.
Evening journal., 1922-01-27
NO COAL SHORTAGE
HERE IF MEN STRIKE

At the quarterly meeting of the
Delaware state Coal Club. held at
the Capital Hotel, Dover, yesterday,
it was said that according to pres
ent indications. this State will not
suffer in case of trouble in the coal
fields on April /. It was also said
that there was no indication Of re-
duction Of prices soon, but the deal
ers look for drop by April l.
The meeting was attended by
practically every large coal dealer
in the State, and was opened by
the president. Edward r. Pusey
Several delegates from the Retail
Coal Merchants Association of Phil
adelphia were present.
At the present time this state APP
pears to be fairly well supplied with
coal, It was reported, and only a
complete tie-up' in coal shipments
continuing for months, could so de-
plete the supply herC that the sit
uation would become alarming.
The present supply. it was also
reported. is spread out through the
state. so that all sections are pro-
vided for. With the present sup
ply, 1t is estimated that the people
could be taken care of in case OF
any minor troubles.
The meeting continued through.
out the day, and was closed with ,
special luncheon in the hotel dining
room in the evening. The local Goa
dealers, in attendance at the meet
ing, arrived home at a late hour las
night.
Evening journal., 1922-01-27
HARBOR
GAINS IN FAVOR
Request for Aid Heard With
Interest by Congress
Committee
APPROPRIATION TO
BENEFIT 3 STATES

w. A. sDeakman, president; Jo-
seph Bancroft member and William
H. Head counsel, Of the Wilmington
Board OF Harbor Commissioners
are expected to return this afternoon
from Washington, where they yes
terday urged an appropriation OF
S63O,OOO by Congress for improve
ment OF Wilmington harbor.
According to word received at the
offices OF the commission in the Pub
lie Building. the appeal of the dele
cation to the House River and Har-
Dor Committee, met with favor.
Much aid was given Wilmington's
claim by Representative Caleb r..
Layton, of Delaware. who Is a men,
Der of the committee.
The fact that the request for har-
bor improvements has been recon-
mended by no less than three United
States engineers who have been in
charge of the Wilmington district,
likewise carried much weight. These
engineers are: General J. Z. Jervey,
Colonel T.. n. Johnston and Colonel
Earl I. Brown. the present head Of
the ulNiIAiAs
Mr.. speakman explained the pro-
ject in some detail to the coPmittee
as to the proposed construction OF
b the north bulkhead and the main
tenance OF the channel. He also
told Chairman Dempsey Of the pro-
posed construction of the north bulk
head and maintenance work.
shows Aerial Picture
Mr.. Heald and Mr.. Speakman dis
played maps and several photographs
OF the section Of the waterway to
be improved, showing the water
front and other points in the vi
cinity.
Representative Layton made a
most convincing statement to the
committee, bringing from Chairman
Dempsey his thanks for having
brought the Wilmington Harboi
Commission before the committed
and for the comprehensive manner
in which the proposed improvements
we're presented to the committee.
Representative Layton, in his ad
dress to the committee, pointed ou
the fact that the STATE OF DelaWar'
paid more taxes toward the main
tenance of the Government thar
nine states south OF Mason an,
Dixon Line. and twelve states nortl
OF the line. He also pointed out L
the committee the various industries
at Wilmington.
Mr.. Heald in his statement tol'
the committee of the railroad IA
clliues at Wilmington, and that tn
proposed Improvement OF the har
Dor, which would accommodat
ocean going steamships, would nc
compete with the rail lines and tina
the Improvement OF this harbo
would not only be beneht to Wi
mington, but to Philadelphia, Ne'
Jersey and Maryland.
The Harbor Commissioners di
not present all the data available II
their testimony before the commit
tee. as It was thought Chairman
Dempsey and members OF the Rive
and Harbor committee we're satisfied
with the reasonableness of tn
amount solicited.
Evening journal., 1922-01-27
"0UR PARTY" NEXT
FOR ATLAS CLUB

In the New Century Club on
Monday evening the Atlas Club,
composed Of employees of Atlas Pow
der Company. will entertain. The
members are planning to have a
grand jubilee to which they have
given the name "Our Party" An
elaborate, yet informal program,
consisting of dancing. games, enter
tainment and refreshments has been
prepared Every Atlas Club MEM
br is invited to come and bring a
guest. There will be no charge for
admission.
This celebration was conceived
after viewing the past activities OF
the club which have been many and
successful. Although organized less
than a year ago, it has held a picnic,
Ia moonlight ride and dance and
play, Nothing But the Truth, -
which will be repeated on February
3 at the New Century Club under
the auspices of the Beacon College
Club. In addition to this there has
been a baseball league and a tennis
tournament for the male and female
members. The Atlas Club bowling
team now stands high in the Inter
national League. An innovation was
started recently in Wilmington when
the girls Of the Atlas Club ORGANIZED
a Girls Bowling League, playing
their games every week at McKee's
alleV at Eighth and Orange streets
A donation Of $50 has been sent
by the Atlas Club 10 the Emergency
Relief Fund.
The committe handling the ar
rangements for the celebration on
next Monday evening consists Of:
Chairman, Frank j. Horty; enter
tainment, j. Frank Huss; refresh
ments, John J. Hanly; house. A. E
Pool; games, Miss Helen P. Allen
publicity, Paul L. Schaeffer; orches-
ira Sewell c. Downs; novelties, Rob.
ert S. Bottle.
Evening journal., 1922-01-27
TODD GIVES S596
TO CITY FIREMAN
Sends Back Equivalent to
His Share of Reliance
Co. Distribution
MONEY FOR NEW
RELIEF SOCIETY

William II. Todd, Of the Todd
shipyards Corporation, OF New York,
has presented a check of S596.S0 to
the Volunteer Firemans Relief As
socation of this city. The check was
sent to Daniel f. McGranary. of 500
East Fourth street, with the follow
ing letter which was in reply to one
sent by Mr. McGranary inclosing a
check for a similar amount. Mr..
Todds share of the proceeds Of the
sale of the Reliance property to the
Department Of Public Safety:
1T seems that it was a coinci-
dence that l should receive your
check the same day that the Brook
lyn Volunteer Firemen were giving
me a dinner in their headquarters in
Brooklyn, and, while it was late
when ! got there. l read your let
ter to them, and the sentiments ex-
pressed at the meeting were such
that / endorsed the check to them
for their benefit, and in doing so !
explained to them that / knew the
Wilmington volunteer firemen would
be more than pleased to know that
/ had done so. However. l under
stand that there Is a Firemens Re
lief Association, or probably some
thing in connection with the benefit
for volunteer firemen in Whining.
ton. and I would feel much better
II did the same for such an organ.
ization, and l herewith enclose my
check for S596.s0, made payable tC
your order as president. woult
thank you il you and the other of
hcers would apply the same in am
way that you might think best.
with kindest regards to you all
I am,
WILLIAM II. TODD
Evening journal., 1922-01-27

IS BUSY PLACE
House Folk Prepare for
Twentieth Anniversary
on February 7
PENNY-A-DAYS
RAISE $500 FUND

Every day and night at the Peo-
pies Settlement witnesses meetings
OF various clubs and classes, which,
together with gymnasium, basketball
and game room. keep the staff of
workers at the settlement constantly
busy. During the afternoon and
evening, each day. men and boys,
young women and children, gather
at the house and enjoy the recreation
to be found there. Every Saturday
morning there is a children's play
hour and about 100 children in the
neighborhood come to the settlement
to play with the toys. An equal
number of boys are allowed the use
of the gymnasium during the day
while the girls stay upstairs and
play with the dolls and other play
things or enjoy the storytelling hour.
A peep into the settlement will re-
veal on various evenings, classes in
millinery, dressmaking. gymnasium
and cooking, as well as numerous
clubs for older boys and girls, and a
house orchestra. Each evening at the
settlement is given over to young
men and seniors from IA to is years
of age, up to the mems and women's
clubs. There is never a lull in ac-
tivities at the settlement for there
is something doing" every day and
night and the members Of the house
from the youngest to the oldest, en-
ter everything with the greatest
amount of enthusiasm and spirit
The Penny-a-Day Society con
tributed $500 in 1921, which paid of
the last penny on the house mort
/ gage, and great interest is being
shown by the house membership in
( the twentieth anniversary celebra-
I ton mortgage burning which is to be
held on February at the settlement
This evening the Mohawk Clut
will hold a Parents Night" a
which a demonstration will be giveI
of their regular weekly bushes.
meeting. followed by shadowgraphi
and games.
! On next Wednesday night the
Princess Club. consisting of 25 girls
will entertain the Mohawk Club at ;
party. ....-
Visitors are always welcome at an,
time The house is open for mem
bers under Is in the afternoon an,
others in the evening.
Evening journal., 1922-01-27
TAYLOR CASE GOES
OVER SECOND WEEK

As the inquest in the case has
not yet been held by the Chester
authorities. the case OF Frank o.
Taylor. who is alleged to have run
over a small boy who was shedding
in the Pennsylvania city nearly two
weeks ago. causinE~injuries that re-
suited in the child's death, was con-
tinued for another week by Judge
Hastings, in Municipal Court this
morning. The continuance and the
release OF Mr.. Taylor on $4,000 bail.
was agreeable TO the Chester au-
thorities The inquest will probably
be held early next week.
Caleb f. Burchenal Is attorney for
Mr.. Taylor.
Evening journal., 1922-01-27
Mrs. 7. y. MERREIL DEAD

Mrs Thalia Negendank Merrell.
widow of DR.. Albert Merrel. died
yesterday afternoon at the home Of
her sister, Mrs. Henry NJ. Taylor,
1906 Broome street. Mrs. Merrell
was a daughter of the late Dr. and
Mrs. Augustus Negendank, of this
city. Following her marriage she
lived in st. Louis, Mo-. but had been
a resident of this city for several
years.
Funeral services will be held at the
home of Mrs. Taylor at II o'clock
Monday morning. Interment will
he private.