davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-02-17
Rise in Prices
Is Checked bv
Profit Taking
Speculative Activities Not In
creased by Easier Money.
Although Steel Common
Sets New High for Year

After two days Of vigorously rising
prices III tho principal financial markets.
SPECTATORS paused yesterday to make
UP their minds whether there was any
real justification Quickcning the up
turn. The answer to tho query WAS ex-
pressed in large numbers Of profit TAX
ing sales in the commodity markets and
to q lesser extent in the stock market.
In the range Of tho days prices in
speculative securities there was much
irregularity Tho outstanding features
were the rise of Steel common and Mexi-
can Petroleum to now high prices for
the year. Spectators have recently re-
discovered Steel common. the traditional
market leader. The rise is associated
with expectations of an increase in buy
ing and possibly stifening of prices.
The oasincss iii some Of the specialtics
suggested the possibility that profess
sional cliQues were purposciy bidding up
several leaders to give tho market a
semhlancc Of strength and give them r
favorable opportunity to take profits in
other issues. The strength of Steel
common, however, during the last year
OF great depression in the industry has
been an expression OF the confidence
which the financial community has in
The corporation and in its ability to take
advantage Of an Improvement in the
general business situation
Despite an announcement that the dis
count rate Of the Bank of ENGLAND had
been cut from to AZ per cent and the
fact that the renewal rate at the New
York Stock Exchange was 4 per cent.
tho lowest since january 16, the will to
speculate was not sharpened but there
was IN fact less enthusiasm than on the
previous days.
On profit taking cotton prices re-
ceded from "a to 3s points and wheat
quotations were 3 to 1as cents lower.
Sterling exchange was quoted y of a
cent lower. but British dollar bonds,
as q result of the recognition by the
Bank of England Of easier credit
conditions. were tirmer, touching a
new peak for the year
Both tho Federal Reserve system
and the New York bank revealed slight
gains for the week in their reserve
position.
New-York tribune., 1922-02-17
Money and Credit

Call money. opening and renewing at
per cent yesterday for the first time
since January l6. held az that level
throughout the day on the Stock Ex-
change. Loans were arranged outside
at 3 minimum of 3l2 per cent. The
feature OF the time money market was
the placement of small amount Of
ninetyday funds at 5 per cent on all
industrial collateral. The situation
otherwise was quiet.
Yesterday. Year go
On industrial collateral i 6
New-York tribune., 1922-02-17
South Americas Recovery

Accumulated supplies at South Amer
lean ports have been pretty we'll cleared
away and general economic and fnan-
cial conditions in the major countries
of the southern continent give evidence
of substantial recovery, Allen G. Hoyt,
vice president of the National City
Company. said Yesterday, following his
return from trip to South America.
MIR. Hoyt expressed the opinion that
the United States should have little
difficulty in competing with foreign
nations in South America. because the
goods supplied were of known quality.
Temporarily, exchange rates are against
this country. he said but this should
not provide an insuperable difficulty.
German manufacturers were selling q
fair volunme of their products in South
America on a long-term credit basis.
but deliveries were uncertain. Mr..
Hoyt said that lie expected consider
able expansion of South American
financing in this market.
New-York tribune., 1922-02-17
The Copper Market Slump

in view Of the recent slump in the
price of copper metal the view is held
in some quarters that il would be
calamitous to plan for wholesale re-
sumption Of mining operations. The
companies that have resumed or con-
template so doing are Anaconda, Calu
met and Hecia, Ahmeek Mining,
Allouez Mining, isle Royal Mining. Oid
Dominion Copper, Copper Queen Min
ing. United Verde Extension and Calu-
met and Arizona. ALTHOUGH these
producers" comments The Engineer
ing and Mining Journal " will operate
at greatly reduced capacity. they will
furnish an appreciate addition TO cur
rent supplies, which should make itself
felt after May. The eagerness Of other
producers to resume will probably be
tempered by the recent drop in the
Market
New-York tribune., 1922-02-17

Bank C]earings - Bank clearings at
New York yesterday were: Exchanges.
SIT, 900; balances, S7o,7oO,o0o
Silver-London. 347sd; New York.
domestic bar, 999sc foreign 65&sc:
Mexican dollars, 49&c
New-York tribune., 1922-02-17
No Butterick Dividend

A few weeks ago buying movement
started in Butterick Company shares
to the accompaniment Of reports that
directors were considering the payment
of dividends. The story has been
heard before when the stock developed
strength, so the Street vas little sur
prised to learn yesterday that directors
at meeting late Wednesday took no
dividend action. 1t was pointed out
that officials in the past have stated
that any dividend this year would not
be considered until the 1921 annual re-
port had been made public. 1t is ea
publication carly in March.
New-York tribune., 1922-02-17
international Mercantile Marine

Recent strength Of the Tnternatioral al
Mercantile Marine issues IL attributed
both to the expectation Of favorable
report of earnings for 1921 and to the
prospect that President Harding will
submit his ship subsidy plans soon.
The plans are understood to provide
for the payment of direct subsidies
through the appropriation Of 10 per
cent Of customs receipts, which will
be further backed up by new legisla-
tive provisions at the pleasure of Con
gress. This subsidy is expected to be
calculated upon a mileage and speed
basis, with minimum of one-half
cent a ton per 100 miles.
New-York tribune., 1922-02-17
An Aid to Negotiations

While from several angles the cur
rent relatively stable position OF the
bond market is not satisfactory to
investment bankers, there is one stand
point from which it is considerably
more favorable than during the buoy
ant advance which marked the closing
period of 1921 A negotiation for pur-
chase of new issue at that time might
be succeeded by rise which would
causc the borrower to claim that the
banker had been unfair to him in the
terms accorded Today, it is easier to
gauge the market, condition operat-
ing to facilitate negotiations.
New-York tribune., 1922-02-17
Predicts Oil Boom

P. J White. presden. OF the White
Oil Corporation. which is merging with
the oil interests OF the United Gas and
Electric Corporation. predicted yester-
day that the American oil industry is
ON the verge Of another BOOM He
pointed out. however. that the extent
OF the boom will depend on how far a
recovery in general business will run.
The daily average gross production Of
crude oil in the United States for the
week ended February II was lab, 500
barrels, compared with 1,418,30O bar
res the previous week. The figures
are those compiled by the American
Petroleum Institute.
New-York tribune., 1922-02-17
German Credits Delayed

Arrangement Of credits on large
scale to cover German purchases in the
United States is being delayed, bankers
said yesterday. by the lack of final
settlement Of the reparations question.
Beyond the fact that Germany is regu-
larly meeting the payments required OF
her each ten days, little information
is available in the financial district as
to the progress toward settlement.
New-York tribune., 1922-02-17
The Dollar in Foreign Exchange

Changes were small in yesterdays
quiet trading in foreign exchange
Sterling showed a slight net loss at
the close after q small upturn at the
start. Cable rates on Lordon closed
at %435'..
Francs gained moderately along with
guilders, while lire held steady. Scan
dinavian rates continued firm.
New-York tribune., 1922-02-17
London Market Firm

LONDON, Feb. l6.-Prices were gem
orally firm on the Stock Exchange TO-
day. Trading was animated in gilt
edged securities and oil shares were
very steady. British industrials were
quiet and steady. Bar gold was quoted
at 95s I'd; money was loaned at 2 per
cent. Discount rates were: Short bulls,
27sW3 per cent; three month bills, 8
ner cent. Consols for money were
quoted at 53ls. British 5 per cent loan
at 947s and British Az per cent loan
az S7l,
New-York tribune., 1922-02-17
In Wall Street
Public Utility Financing

Bond issues of public utility compa-
MES occupy lending position in the
new financing scheduled for the ncsr
future The market for this class Of
security has held up, probably. better
than any other section Of trading and
offerings continue TO meet with a ready
investment demand. The largest Of the
issues Immediately to hand is in the
neighborhood Of s6,000,000. The propo-
sal Of the Alabama Power Company re-
specting the governments properties
at Muscle Shoals furnished the chief
topic Of interest yesterday, inasmuch
rs this offer. If accepted. would neces-
state extensive additional financing by
the company. Bankers predicted that
the proposal would give the offer made
by Henry Ford worthy competition.
New-York tribune., 1922-02-17
Lost: A DAYS Interest

Arrival Of s40o0,ooo gold from Lon
don on the Olympic Wednesday, con
signed TO Kuhn, Loeb {, Co., took the
bankers entirely by surprise. it devel-
oped yesterday. The first information
they had of the shipment was whom the
captain Of the ship notified them that
he had the gold on board. A conse-
qucnce loss was incurred Of one davs
interest on the value of the gold. The
machinery for handling gold shipments
is now 30 nicely geared that such
slip does not occur often.
Evening star., 1922-08-26
U. S. S. NITRO, LARGEST
SHIP EVER DOCKED HERE
Arrives With Cargo of Guns and
Ammunition From Charleston.
S. c., Navy Yard.

With one Of it's engines out of com
mission, the L. S. S. Nitro. carrying
cargo of guns and ammunition from
the Charleston navy yard. docked at
afternoon two hours ahead of sched-
ule. The ship is by 1.500 tons the
largest that has navisated the Po-
tomac as far as Washington.
Manned by crew of 225. the Nitro
is 4S5 feet long, GO feet wide and As
vessel and draws ordinarily forty-five
feet of water.
The outstanding feature of the am
munition ship is it's novel refrigerat-
ing plant, which is used solely to keep
dynamite and powder cool while in
the tropics. Each bulkhead can be
made alright and one man can con-
troll all their openings. Thus. when a
fire breaks out in any part of the ship
the bulkhead is closed and the blaze
can be extinguished before it reaches
the other compartments. Each COM
partment can be flooded with gas
fumes which will smother the blaze.
Although essentially an auxiliary
unit, the Nitro carries four guns of
five-inch caliber and two three-inch
anti-aircraft guns. Theseiare for self
defense in case of attack.
Commanding the Nitro is Capt
Walter G. Roper. Lieut.. Commander
Ralph Risley is executive officer.
The vessel has just returned from
the west coast. where she went with
100000 pounds Of powder and thirty
eight Army artillery trucks. forty
ton locomotive and other equipment,
including seven airplanes. 1t will
leave Washington Thursday for Phil
adelphia. From there it's itinerary
includes New York and Newport.
From the last port it will return to
the west coast.
Evening star., 1922-08-26
JEWS IN PALESTINE
FACING MASSACRE
Arabs Plot Pogrom at Given
Date to Clear Lands of
Zionists.
400 ALREADY KILLED
Rich Hebrew Families Fleeing in
Terror From Jaffa, Following
Bloody Fighting. t
BY CONSTANTINE BROWN.

By Cable to The Star and Chicago Daily News
Copyright. 1922.
CONSTANTINOPLE, August 26.-
News received here from Palestine is
of a rather alarming character. The
troubles which have been brewing
there for a long time are now break
ing out.
Reliable reports indicate that YER
bal understanding exists among the
Arabs to begin a pogrom against the
Jews In Syria and Palestine at a given
date.
The Jews in Palestine having hoist
ed the Zionist flag in Jerusalem. the
Arabs attacked the Jews there and in
Jaffa. where bloody fighting ensueu.
Four hundred Jews and 200 Arabs
were killed or wounded. Rich Jewish
families are fleeing and seeking
refuge in Beirut.
Manifesto stirs Up Feeling.
Late in July Ell Nahadat, an Arab
newspaper published in Aleppo, print
ed manifesto to the Mussulman
world against the establishment of a
Jewish national home in Palestine.
Hundreds of thousands of leaflets were
distributed in Aleppo and vicinity.
while hundreds of thousands printed
in the Turkish. Persian and Russian
languages were d1spatched TO be dls-
tributed among the people using those
tongues.
The manifesto, which was signed
by an important Arab leader. read:
The Arabs of Palestine have been
guarding Omar's mosque for thirteen
centuries. This holy place is now
running great danger from tnexorable
Zionist injustices. We declare that we
are ready to sacrifice ourselves for it's
protection and MussulMans through
out the world must do the same. If
the Zionist ambitions in Palestine
succeeded, this will be disastrous to
the Islamic people. for the Zionists
seek to use Palestine as a center for
spreading Jewish influence through
out Europe.
Fight Over Temple Site.
Zionist pretensions have reached
such a point that they dream of plac-
Evening star., 1922-08-26
PUBLISHER is VICTIM
OF ANAEMIA ATTACK
Delavan Smith Dies at Summer
Home After Blood Trans
fusion Fails.

Ey the Associated PreSR.
LAKE FOREST, Ill. August &c
Delavan Smith, publisher of the In
dianapolis News, who has been criti-
cally ill at his summer home here,
died last night. After apparently
gaining during the day. he suffered a
sudden relapse and died in few min
utes.
Those at Mr. Smiths bedside said
that he was conscious and cheerful up
to within a few minutes before the
end. Mr.. Smith had not been In the
best of health since 1917. but his con-
dition became critical within the past
week he having suffered from amaze
mia Several blood transfusions were
made in an effort to save his life.
Mr. Smith was the son of William
Henry Smith, veteran newspaper
man of Cincinnati and Chicago. He
was a cousin of the late Charles War
rem Fairbanks, Vice President of the
ministration. He was born December
%, 1861, in Cincinnati. where his ia
ther was a newspaper reporter in civil
war days. The elder Smith was at
one time general manager of the
western Associated Press.
Funeral services for the publisher will
be public but burial at Lake Forest
will be private.
Mr. Smith left will, but no estimate
of his estate, generally reputed to have
been large, was obtainable. Besides
his newspaper property, Mr.. Smith had
other extensive business interests. His
only living relatives are cousins. The
deceased, who was a bachelor. sixty-one
years old. was a cousin of the late
Charles Warren Fairbanks, who was a
Vice President of the United States.
The Indianapolis News, it was learned,
will be conducted as formerly, without
change of policy, as arranged for by
Mr. Smith some time ago
Evening star., 1922-08-26
COLORED MEDICAL MEN
END CONVENTION HERE
Delegates Place Wreaths on His
toric Spots-Approve Vol
stead Law.

Delegates to the convention of the
Colored National Medical Association
placed wreaths upon the grave of the
unknown soldier, the Lincoln Me
morial and the Douglass Home this
afternoon. The four-day convention
of the association officially closed
Yesterday afternoon, following cleo
ton of the national officers.
A public reception and dance was
given the delegates by the local com
mittee at Convention Hall last night.
The standing committee read re-
ports on medical education, and In
dorsed medical studies as being
necessary, in order to raise the stand
ard of medical colleges.
The committee on resolutions
pledged the association to give moral
support and cooperation in uphold
ing the Volstead act and narcotic
laws.
Thanks were extended by the dele
gates to the government for the use
Of the Smithsonian Institution, ana
pital for the use of the hospital
clinics.
DR.. Raleigh j. Coker Of New Or
leans read a paper on "Malnutritlon
in Childhood" There was also an IL.
lustrated lecture on 'Physiotherapy,
by DR.. c. s. Samson OF the United
States public health service.
The following officers were elected:
President. J. E. Perry, Kansas City,
Mo. president-elect. DR.. J. Q. Piummer.
Raleigh, N. c.; vice presidents, G. r.
Dwelle, Atlanta. Ga. Dr. ii. X. smith,
Chicago ~; Dr. E: " J. La sans Branch pbiIa New
deiphia, Pa. !; general secretary, DR.. W.
G. Alexander. Orange. N. J.; assistant
secretary, DR.. G. H. Francis Norfolk,
Va, assistant secretary. DR.. j. H. Black
well, Richmond, Va; treasurer. DR.. J.
R Levy, Florence, s: G.; assistant
treasurer, DR.. c. 2. McClendond, New
Rochelle. N. Y. chairman Of the execu-
tive board Dr.. George E: C. Cannon: 1hs sxse, Jer-
tive board, DR.. E. T. Belsaw, Mobile,
Ala; editor of the journal of the Ma
tional Medical Association, DR.. ]. A.
Kenney, Tuskegee Institute. Alabama
of the journal Of the National
Medical Association, DR.. w. G. Alex
ander, Orange, II. ].
DR.. G. w Bowles of York, Pa, pre-
sided. in the absence of the president,
DR.. H M. Green of Knoxville, Tenn
Next years convention will be held in
ST. Louis, Mo.
Evening star., 1922-08-26
Pan-American Nations In M0ue
To Build Tomb for Columbus
Bones of Great Disc0Uerer Are Kept in
Small Casket at Santo Domingo.
Suitable Memorial Urged.

continues (which first suggested the
idea that it should be the concern of
pan Americans, the people of the
twenty-one republics occupying the
territory of North and South America
and Canada, to provide suitable me-
mortal and final resting place for Co
lumhus in the cradle of America
Is Santo Domingo is called.
"A popular move it should be. and
with its palpably popular appeal its
failure would constitute reflection
upon pan America. Poor, unfortu-
nate Santo Domingo cannot do it
alone. though thirty years ago. at
the 400th anniversary of the dis
covery of America, a junta nacional
was duly constituted by Dominican
government decree. to erect a monu-
ment in the cathedral
Massive Tomb Planned.
That much was accomplished, but
at the time it was clearly under
stood the arrangement was tempo
rary. While the monument at the
cathedral is ornate, it is in no wise
commensurate with the greatness Of
the man nor does it constitute a
fitting or adequate homage for such
a world character"
The report concludes with a state
ment that the project. abandoned on
account of the world war, contem-
plates the erection of massive
tomb, it's interior modelled after that
at Les Invalides, Paris. with its ex-
terror patterned after the lines of
Grants tomb in New York. Super
beacon tower about 800 feet in
height, in the top of which is TO be
installed a great light as an aid to
navigation.
Evening star., 1922-08-26
By the Associated Press.

By the Associated Press.
Reorganization of movement
among pan-American nations to pro-
vide suitable memorial and final
resting place for Christopher Column
bus, the man who gave "the new
world to the ola" has been reported
to the War Department by William
E. Pulliam. receiver general of Do
mnican customs, it was learned to-
day. Mr.. Pulliam's report says the
project was relaunched recently and
is commended to the sympathetic con-
siderations of pan-Americans every
where.
The remains of Columbus were
brought to Santo Domingo from Spain
in 1910, the report says. adding that
1t has been the practice lately to
open the casket and permit high dig
nitaries or distinguished visitors to
the island republic l" handle per
sonally some of the bone fragments.
Visitors Handled Bones.
when some high dignitary comes
to town" the report adds, the inner
caSket has been opened to allow of
handling of the bones themselves.
This happened upon the occasion of
visit by Secretary of War Stimson
and party in 1911. also the year fol-
lowing when Secretary Knox and
numerous party made their cere-
monial trip around the Caribbean
circle The writer was present upon
both occasions and admits. but not
without some self reproach, that he.
too, handled some of the bone frag-
mentS."
TT was that very fact" the report
Evening star., 1922-08-26
ROAD COST CLIMBS
FASTER THAN FUND
S225,000 Appropriation
Equals $15O,O00 Results
at Pre-War Prices.
DISTRICT HIGHWAYS HURT
Boost in Heavy Traffic Increases
Wear and Budget Cut Imperils
Much-Needed Resurfacing.

Although Congress has allowed
sea5.O00 for upkeep of suburban roads
this year. that sum will accomplish
only what Sl50.000 did before the
United States entered the world war.
records at the District building show.
Here is how the increase in appTo-
priatfon has been consumed;
In 1917, the allotment for suburban
roads was s15N.O00. Skilled laborers
working on those roads received an
average OF S1.75 per day. Crushed
stone, the principal ingredient enter
ing into the repair work. cost $l.4S
per ton, delivered in Washington.
In 1919. Congress raised the appro-
priation to $200, 900, but-SkIlled labor
advanced to an average or s3.3o a
day. and crushed stone scared 10 S2So
per ton. At this point. it will be
seen, labor and materials got way
ahead Of appropriation in the upward
Hight.
Fund Still Inadequate.
For the fiscal year 1920. the allot-
ment remained at 100000, but for
th. fiscal years 81 and 80, Congress
raised the sum to $250,00O.
In the appropriation act for the
current twelve months the suburban
road item went down to $225,OOO.
According to officials of the engineer
department., however, skilled labor is
lowering around SO a day and crushed
stone has dropped only to S2.25 per
ton.
Authorities at the District building
believe this comparison of approprla-
tionS with operating costs Demon
StrateS that the increase III money
has only been sufficient to cover the
amount of work formerly done when
for the growth of the suburbs or the
deterioration of the roads.
Wearing Toll Increases.
Engineers at the District building
realize that the old macadam roads in
the county, on which large sums are
being spent annually for repairs,
were not built to withstand the heavy
traffic of today, including the big
motor trucks.
AS the home building boom has
gone on in the suburbs since the war,
these engineers point out, the army
rf heavy trucks hauling brick and
other materials has Increased win
telling effect on the worn-out Subur-
ban highways
The fond hope of WashinGtonlans
who ride over these rocky roads Is
that in cutting their estimates the
commissioners will strive to retain
in the new budget items for the re-
surfacing of some of the main ar
1eries which connect Maryland and
the District.
Evening star., 1922-08-26
FORD PLAN TO WAIT
ON RECESS IN HOUSE
Republicans Give Assurance tt
Democrats That Final Action
Will Be Taken This Session.

Muscle Shoals occupied the atten-
ton of the House again during most
Of it's brief session yesterday. De-
mands from the democratic side for
immediate consideration of the Henry
Ford offer were met with assurances
from republicans that final action
would be taken at the present ses-
sion Of Congress. but not until after
the contemplated recess.
Debate on the subject was started
by Representative Almon, democrat,
Alabama, who urged that the House
should not adjourn without giving
representatives of the people a
chance to be heard upon a subject OF
such vital national Importance"
Repres entative Mann. republican.
Illinois, declaring himself "a friend
of the Muscle Shoals proposition" re-
piled that changes suggested by the
House military committee had not
yet been passed on by Mr.. Ford and
that "it would be idle" to pass the
bill as reported until the position Of
the Detroit manufacturer was clear.