davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
CROWD Halls PERSHlNG
AT MECKLENBURG FETE
l47th Anniversary Of Declaration
Of Independence Of 1776 OBJ
served at Charlotte.

By the Associated Press.
CHARLOTTE, N. c.. May 2o.-His-
toric Mecklenburg county gave q
great greeting to Gen. Pershing when
he arrived here at $3.50 this morning
to spend the day in the celebration
Of the 147th anniversary of the sign
ing of the Mecklenburg Declaration
Of independence, May 20, l775.
Gen. Pershing was accompanied by
Hanford MacNider, national COM
mander of the American Legion, and
Gen. Julian s. Carr. commander-in-
chief of the United Confederate Vet
Grams. Members of the local post.
American Legion, headed by Mayor
walker, welcomed the visitors at the
station and escorted them to the
Southern Manufacturers Club, where
Gov. Cameron Morrison and his stan
added the welcome on behalf OF the
state.
After q brief stay at the club,
Gen. Pershing, accompanied by local
military outfits and the Shrine Band.
was driven several blocks through q
surging, cheering throng, to a point
where he took position at the head OF
q three-mile-long parade. which went
through the principal streets OF the
city. The terminal of the pageantry.
which consisted of 5000 former SOL
diers in uniform, cavalry troops from
two North Carolina companies and q
multitude of gayly bedecked floats.
was at Independence PARK, where
Gen. Pershing and Mr.. AacNtder
made brief addresses
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
DEFEAT OF STEEL
! MERGER FORESEEN
Withdrawal of Youngstown
Company Seems to
/. Doom Plan. .

NEW YORK. May 2o.-Abandon-
ment Of the proposed merger of indie
pendent steel companies was gen.
orally forecast today as a result of
the withdrawal of the Youngstown
Sheet and Tube Company from the
six-company combine. ]. A. Camp
bell. president of Youngstown, pre-
viously had been agreed on as head
of the proposed merger. serving as
chairman of the board Of directors
and chairman of the executive COM
mittee.
Executives of the remaining five
companies-Midvale Steel and Ord
nance, Republic Iron and Steel. Inland
Steel, Steel and Tube of America and
Brier Hill Steel-are expected to con-
fer today with Mr.. Chadbourne and
representatives of Kuhn. Loeb & Co..
bankers, to decide upon course of
action.
The Lackawanna Steel Company
withdrew last. week upon the COM
pletion Of negotiations for it's pur-
chase by the Bethlehem Steel Cor
poration.
Believes Merger Is on.
While a statement of Thomas L.
Chadbourne. counsel for the inter
ested companies. declared that con
ferences among the other five con-
Germs are continuing to determine
whether it is advisable to consider a
consolidation of all or some of these
the field district that the proposed
merger is off. at least for the present
Neither Mr. Chadbourne nor Mr.
Campbell would discuss the reasons fol-
foungstown's withdrawal. Mr.. Camp
bell did state, however, that the action
xxyoc al ffar Nc nod rod
his board OF directors and the prin-
ctpal stockholders. who are in this city
and that the investigation of the De-
partment of Justice into the proposed
merger had nothing to do with it. He
added that the Youngstown company
offers to consolidate with any other
companies, either by purchasing, trans
fer of stock or otherwise.
Not to See Daugherty.
Mr.. Campbell, who has been here all
week except for a brief visit to Wash
ington to attend President Harding s
dinner to the steel men. will return to
withdrawal Of his company from the
merger, he said. would make 1t un-
necessary for him to go to Washington
to attend Attorney General Daugherty s
conference with the executives of the
companies mentioned in connection with
originally scheduled for Saturday morn
ing, but it has been postponed until
next Wednesday.
From a financial standpoint, Youngs-
town was probably the strongest com.
pany in the merger. 1t has no funded
debt, it has paid dividends over un-
broken period of eighteen years, it has
a surplus of $4,000. 900. and it has a
high record of earnings. From an
economic standpoint it also has q
strong position. owning It's own coal
and ore properties and manufacturing
a wide diversity of finished products,
including all basic iron and steel ma
terials except rails and structural plates,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
OUuCKENING OF CREDIT POWER
FEATURES FINANCIAL MARKETS
Money Rates Drop to Pre-war Basis and
Find Ready Response in Broadened
Observation-Disclosures Caution.

The tendency to speculative excess
has, OF course. been prompted by the
various merger deals which have
been put through or are known to
no matter what an excited Wall
street Imagination may picture. can
not add heavily to intrinsic values
over night. The economies effected
will take long to show. In the end
they will reduce producing costs, but
they cannot undo the fact that
whether 1t is steel or copper, or any
other of the leading industries. this
10 q time when moderate prices and
moderate profits are to be the rule.
The trade news has been the best
Of any week SO far In 1922. Along
with the return of cotton prices to
the highest of last autumn has come
the long-delayed improvement in the
copper metal. April broke all records
In the building trade. In the twenty
seven northern and eastern states the
total building contracts awarded was
over 100000, as against aa ms the pre-
1918. This huge expansion in con-
struction enterprises and the railway
buying consequent upon the ability
of the railroads to again put through
new financing. are the two principal
poured into the steel mills. But the
foreign business has also played
part. Exports of iron and steel from
the United States during March were
80 per cent greater than in January
and IS per cent greater than In
February.
German Action Awaited.
Failure OF the Genoa economic con-
ference has had little effect even In
foreign markets, nor can this be at
tributed to any real hope that the
new gathering summoned at The
Hague in June will meet with more
financial opinion, discounting heavily
the play of the politicians. never
looked very seriously for the confer
ence to produce important results.
The wavering tendency Of French
exchange is not due to the Genoa
anxiety as May 81 draws near. the
date when Germany will reply to the
reparations demands.
The strength OF sterling reflects the
three big accomplishments OF the last
year in British nnance-the balancing
beginning Of tax reductions, the
steady and in the aggregate very i'm
portant reduction in the outstanding
paper currency, and the restoration
Of an equality between debit and
credit items in the American trade.
The decrease In British exports and
imports shown in April. as compared
important. because the export loss
was due very largely to the tempo
rary effect Of the lockout in the en-
cheering trades, while the import
comparison was made with March
total that had been swollen by un-
usually heavy purchases OF 1000
fCopyright, 1927
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
SUGAR MARKET srEADrER.

NEW YORK, May 20.-The raw
sugar market was steady and IN
changed, with no sales reported. spot
Cubas were quoted at 2 1919, cost and
freight. equal to 4.o7 for Centrifugal.
with June shipment offered at 2 v. cost
and freight, equal to al.
The raw sugar futures market was
steadier on covering for over the
week end, but the volume Of business
was light. Closing prices were ! to ,
points net higher. July. ass ySeptem-
her, 2.85; December, 2.9o; March. 2.s7.
There were no changes In refined
sugar, but there was a better inquiry
reported. Fine GRADUATED, $50 to
Refined futures nominal. Ciosing:
July, SOS; septembAr. sic; December.
Sugar futures clossA STEADY; ap.
ufoximate sales, 1850 tons. July,
les; .ssptsmbsF. ASH December. a.eo;
March, Isl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
RESERVE Of GOLD
! IN CHILE IS AMPLE
American Supply Not Needed
to Stabilize Paper
Peso.
By the Associated Press.

SANTIAGO, April 1S.-The plan dis
utilize surplus stocks of gold in the
United States for the benefit of GER
tain Latin American countries with
view to aiding exchange values
would not be practical for Chile, in
the opinion of economists here, since
she already has accumulated what Is
considered an ample gol1 conversion
fund for possible redemption or sta
Obligation of paper currency This
fund amounts to 114,000,000 gold
pesos = approximately s42,O00.0O0 o.
part Of which is held here and part
in London.
The generally accepted view is that
business men and industrialiS.s in
this country would welcome some
practical activity toward stabilizing
the paper peso, since it's exchange
value has experienced long periods
or virtual anarchy. and, in relation
from the war figure of three To one in
1919 to more than ten to one in 1922.
Prejudice Against U. 8.
These violent movements in ex-
change have been a great detriment
to commerce and to invested capital,
and have been the cause. it is as
serted. of certain amount of COM
inerclal preJudlce against the United
States. due to the rise of the dollar
However. it is not thought that Unled
safes gold would be required in the
proposed regulation of exchange in
order to bring about a normal re-
sumption of trade between the two
countries.
American exports to Chile In 1918,
according to figures published N La
Nacion, amounted to 100000. 900 gold
pesos, while in 1921 they were less
than 100,000,000 gold pesos.
Central Bank Planned.
Chile has been accommodating its
gold as a conversion fund against
possible redemption or Sterilization
of its paper money for q number of
years, with the intention of establish
ing central bank with similar func-
tons as the federal reserve system in
the United States. The bank would
employ this gold as a reserve against
a convertible and elastic pane: cur
rency.
The present gold conversion fund,
1t is claimed. would support paper
money to the amount of 100000, 900
pesos. According to economists, a
circulation of SOC, 000, 900 pesos would
be ample for the needs Of the coua-
try.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
FOREIGN BONDS.
TO FLOAT BIG FOREIGN LOAN

NEW YORK, May 2o.-Local bank
ers announce purchase of a bond is
sue of 100000 guilders. approx
nately $12,ooo.ooO. of the Anton Jur-
gems United Works of Holland. one of
the worlds largest producers of but
ter substitutes and allied products.
The offering price and the rate Of in
tsrest will not be announced until
next week, when the bonds are Of
fsred for public sale. An issue Of
simultaneously in Holland
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
Governments Firm.
COTTON MARKETS,

NEW YORK, May 20-The cotton
market opened barely steady at a de-
cline of to II points under a renewal
Of scattering liquidation. prompted by
reports Of better weather in the south.
There was also some scattered selling
improve before end Of May condition
figures were made up, but trade In
terests were buyers at the decline to
20.o3 for July and 1889 for October.
This demand, combined with covering
for over the week end, gave the mar
ket a steady undertone, while week
end reviews from the cotton goods
trade were considered favorable and
probably had a sustaining influence.
Futures opened barely steady. May,
21.07; July. 20.07: October. 1889; De-
cember. 1885, and January. 1915.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
RAILS
WERE IN DEMAND

By Special Leased Wire to The Star.
NEW YORK. May 20.-Most of the
advances in the bond market occurred
among speculative issues. like the
low priced rails.
The Fries, st. Louis and San
Francisco bonds, st. Paul's, New
York, West Chester and Boston AVS
and the Interborough refunding IS
all rose a fraction of point to a
point. Chesapeake and Ohio con-
vertible SIS reached q new high for
the year, and other convertible rail-
way issues were strong. American
Smelling SIS, Rubber TVS and Utah
Power and Light 5s were bid up to
their highest for 1922, and Sinclair
Oil convertible 7hs jumped point
as Sinclair stock made a new high on
dividend reports.
Governments Firm.
United States government securities
were firm and the foreign government
loans in the main kept steady. Chile
IS of 1886 made a new high and
Sweden 6s gained a point
The New York market for Canadian
provincial bonds were essentially un-
changed this week.
Prices continued to hold up. but
were 100h bid offered at 1908: the
s. of 1880 were 100X bid. offered at
1917, and the Is of 1913 were 1O7%
bid. offered at 1881. Manitoba SIS Of
1923 were 9SA bid, offered at ssA
the IS of 1880 were 100% bid. offered
at 101 v, and the IS of 1916 were
1861 bid, offered at 107.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
The Week
Epitome of Events Up to
May 70. 1877.
FOREIGN.

As result of the meeting Of the
economic conferences subcommission
on Russian affairs the situation at
Genoa becomes so critical that 1t seems
doubtful whether French and British
positions could be reconciled. French
at Genoa offer United States full sway
II 1t will take up Russian tangle. Miss
Elisabeth Streator, Methodist mission
airy, hurt by Mexican mob. Lloyd
George hopes United States will aid
on Russian problems. Russia accepts
proposals of the powers for the meet
ing at The Hague to discuss Russian
situation. Sixteen dead as disastrous
fire sweeps hospital at Rome. Strict
conditions laid down by United States
for part at The Hague. Syrians re-
volt against French. French debt
mission ready to come to United
States. Catholics pulled from beds
and slain in Irish terrorism in County
Derry. Genoa conference closes after
six weeks elaboration.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
STYLED E-H0RsE TOWN.
Lady Aston Raps Montreal for Not
-, I, Hayiae sufRfaee.

MONTREAL. Nay ad-Lady Aston
last night told q large audtsnos here
teWn" because women were not en-
3Ianched as voters. =,
4, Montreal looks like q one-horse
taWu, ana ] will tell you why" she
said. TITS bsoause most two horse
toWpA already have given women the
vate and It is the one-horse town that
has not yet @awakeAedr to this new
apiFit.s
REPRESENTATIVES, Of most Of the WON.
EMS cluhe and other feminist organ
J 14stiens Of the otty were in the audi
Eera ina Lazy Astsr loft for New
&exk 1axAns =. 3
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
RESCUED CREW LANDED.
Sixteen Reach Shore From 0zmo
Beached in, Coos Bay.

MARSHvILLE, Greg, May 20.-Fif-
teen men and one woman. being the
crew Of the auxiliary schooner Osmo
and the wife of that vessels chief
engineer, were landed today by the
schooner Daisy. which picked up the
Ozmo yesterday after she had run
aground and then been adrift. water
logged, for twenty-four hours,
The Oznio was beAched in Coos bay.
below Empire, to await repairs to her
damaged hull. Her captain and chief
engineer remained with her.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
Guaranty Savings Bank.
Washington Stock EXCHANGE

Washington Gas 5s-$2 900 at s4E.
Washington Gas 7i-s-xJ00 At 10J.
Capital Traction 5k-Sl 600 at 9eL.
Capital Trsction-s at 96a. at 96sz, IS
at 96%, IS at 96s4.
washington Railway and Electric COM
at 39%. rs at 39's, % at 39k.
Warrington Railway and Electric pfd.-l
at 50. at 70.
Washington Gas Light ut sSk. 10 at
a5A. 10 at SIS. 10 at 55S, IS at 5Sh., 5
at 5512
AFTER CALL.
Potomac Electric 6. u. and ref. 7s-$3oo
at 1851
Capital Traction-I0 at o65i, s at ee5s.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
LOOK FORARUL|NG
ONbRANCH BANKS
Controller Said to Favor it,
But Not 0fficially.-LocaI
List Firm.

Branch banking by national banks
| is one of the most interesting topics
of discussion now before the cSn-
trolier of the currency, for the mater
| has been brought directly to his at
ton.
When the First National OF ST. Louis
announced that national banks coald
start branches and that 1t proposed
to do it, things began to hum. Frbm
all over the country inquiries reached
the controller, asking whether or Dot
he had ruled that such action Was
permissible and with the queries
and some national banks against fsly
such action.
1t was known here that D. r. Girls
singer, controller OF the currency, had
expressed the opinion of semi-ofh-
cialcharacter that IT was possible. but
clal character that il was possible, but
the matter.
Otherwise Washington would not
have witnessed the Riggs National
, method of assimulating the Hamilton
Savings Bank, now the Hamilton
National, and in the process OF being
merged.
The only opinion in the matter was
rendered back in 1911, and that was
given in 1911 by Attorney General
Wfckersham, and was the reverse OF
the l. LOUIS bankers CCnNcHtiOh-
The expansion of the state banks
and trust companies, perhaps IL might
he called aggressive composition
have created a situation. which with
the generally congested districts OF
all large cities causing parking dif-
hculties almost insurmountable, has
caused desire on the part OF the
national banks to operate branches.
Many briefs on the matter have
been submitted to the controller. in
support of the legality of brsnch
banking under the federal reserve
ace. and it is understood that Mr..
Crissinger. in line with the policy of
the administration to aid business is
said to favor a change. -
An announcement from the con
week. As a solution. the Attorney
General may be asked to give an
opinion in the matter. :,
Local Securities. =
Today's session of the local stock
exchange brought a new high .on
Washington Gas shares when THEY
sold at 55j9. Lanston added a point
vanced to IL, while Capital Traction
shares repeated recent high in an
advance to sSX after opening lat
96s.- Railway common was in fair
demand at 3sH, small lot selling
an eighth lower early. :.
In the bond list frmness was
feature. Washington Gas 5s sold at
94l2, the 7l5 per cent notes of the
same company at los and q small
bond of the Potomac Electric Co.
Z per cent, at los Y.
Guaranty Savings Bank.
John Pflieger and Max C. J. wiehl
have been added to the directory Of
me Guaranty Savings Bank. There
are still five vacancies on the boa I'd,
as the bylaws provide for thirty di-
fectors. These will be filled from
time to time.
cept Saturday. when the bank will
be open from $50 to IL noon. and
| reopen again in the evening from sac
| until s.
| Summer Closing.
The United States Savings Bank,
beginning June "a, will not reopen
on Saturdays after the noon closing.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
CEMENT AND STEEL GAINS.

EASTON, PA, may SV'~V@
Improvement in the cement and steel
business and in railroad shipments is
reported in local circles. During last Few
DAYS more than 100 carloads OF steel
were shipped from Bethlehem stee,
nls M at bethlehem and one railroad
alone reports for first two weeks OF
Nav over 500 moro carloads OF
cement were handled than during
corresponding period last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
BAR SILVER QUOTATIONS.

NEW YORK. May 20.-Foreien bar
silver. 73k; Mexican dollars, Sc.
LONDON, May 20.-Bar Silver, 37M
pence per ounce; NOR ey Y per cent.
Discount rates short and three
months bills 2H per cent
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
CoTToNsEED OIL WEAK.

NEW YORK, May 2o.-The cotton
seed oil market closed weak, Prime
summer yellow. 1l.Bo bid: prime
crude, 1000 nominal. May, 11.5o:
Juns. 1880; July. tI.ss; August. 1l.sa;
September, 11.es; ,october. 11.oe;
$50; DAeembsE. s.7a fetal
sales, 2,600s S
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
COFFEE MARKET EASY.

NEW YORK. May 2o-Coffee-Rio
No. Z. 1oh; futures. easy: July, 1918;
December, $50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
NEW YORK BANK STATEMENT.

NEW YORK. May 2o.-The actuai
condition Of the clearing house banks
and trust companies for the week
show that they hold Ss.e2l.Ak0 IN ex.
cess Of legal eeaplrenaAtA 1Ai1 .
decrease Of 331.S3tse1e ncW last WeaD
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
NATIONAL,

Princess Fatin1a, Su1tana OF Kabul.
pays sad farewell to America Chi
static eliminated from radio. accord
ing to announcement from Chicago:
DR., Louis Cohen of George Washing
ton University, Washington, d. c.,
part inventor Of new device. DR.. Otto
L: Wiedfe ss newly appointed Ger Ger
York Members Of the Chamber of
Commerce of the United States gather
in washington for convention. VAL
entino, movie star" faces charge of
bigamy. Clifford Pinchot leads in
primaries for Governor Of Pennsyl-
vaniar Julius H. Barnes OF Duluth
elected president of the Chamber of
Commerce of the United States.
DISTRICT OF COLUMBIA.
Grand Lodge of the District.
1T Florida and Connecticut avenues
from Woman's National Foundation
and build there q million-dolla tenn
PIE. Columbia Island, in the Potomac
river above Highway bridge, to be
made q beautiful recreation park, Col.
G. Q. Sheriff.. superintendent of pub
lie buildings and grounds, announces.
National Capital horse show opens at
Arlington Park, Tenth annual meet
ig of the Chamber of Commerce Of
the United States opens at Convention
Hall, with sectional meetings at va
rteus hotels. "paylight-saving"h hours
begin In Washington, government en-
ployes and others going to work at
8 Am. and quitting at $3.50 pm. Rent
: board raises Monmouth Hotel rates.
Eight-hour day In departments being
considered. Washington Real Estate
Board pledges influence to prevent
any one from making "unjustifiable
increase In rents" or arbitrarily seek
a. ing possession Of properties, in event
. the Bali, rent act fails Of passage.
John Ihldsr elected president of the
Monday Evening Club.
Irregular daylight saving IL pro-
tested by individuals and organiza-
tions. United States at Genoa urged
~ solution Of trade issues at Cham
bar OF Commerce convention. Amer
loan traders urged to support mer-
chant marine, President Harding adj
dresses Chamber Of Commerce con-
: vSntion- American Federation of
Arts holds meeting here. Chevy Chase
clubs spring golf tournament gets
uAdey way.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20

The Finnish chambsr Of deputies has
passed , bin authorisinG . foreign
loan Of 1900. 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-05-20
o. 8. LIBEHTY BONDS.
Furnished by Redmond & Col

Total sales Of bouds today were s.. 33s 900.
compared With $l&~ee. 900 previous day and
N,$8f 600 q year ago.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1922-07-10
LIKE all other ground squirrels.

Like all other ground squirrels.
Il passea most OF the time, almost
eight months of the year. under the
ground in Information.
Prof. w. T. Shaw OF Pullman.
Wash. has worked out It's life his
tory. telling a remarkable story. The
animal digs burrow and excavates
a chamber for its winter sleep. A
side burrow Is made to carry OFF sur.
face drainage from the hole. The
sleeping chamber Ia lined with dry
roots and grass for comfortable
bed.
The entrance burrow Is tightly
plugged and the animal prepares for
It's long sleep Head tucked tightly
against breast. legs neatly folded. the
animal looks like an inanimates ball.
On awakening considerable time In
required. Since the sleeping place is
below tho earth's surface the awalt.
ening squirrel has no knowledge OF
the outside weather. Often It's emer.
CONGO Is 20 a world OF snow.
From this cold reception II may
easily return 20 its comfortable un.
derground room, In which II has
stored some vegetable material which
will serve as food until succulont
spring plants shall have started.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1922-07-10

PORTLAND. ore--Friends OF the
Rev Henry II. Giles. pastor Of Hope
Presbyterian church. who gave his
life last year In saving n Boy Scout
from drowning. seek recognition for
the heroic act from the Carnegie
Hero fund.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1922-07-10

main range OF tho Rocky mountains.
has scarcely boon introduced in tho
general literature dealing with man.
mails, II Ia common in plnces In tina
West, and destructive 10 crops.
Hawks. owls and eagles XIII IT in
largo numbers. Wherever man il II
In attacked with gun and poison.
And yet Il thriyss.