davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-01
NEW YORK COFFEE MARKET
STATE OF TRADE

The half year lust ended brought d,s-
tinct advance IN business, with most Sf The
achieved during the second quarter aCCord
tnR TO the weekly review OF bustness by r.
a, Dunn & Co. while srads,Icet's finds a
notable feeling OF Optimism anu Z" T'"'y
The price recovery IN many commodIties
!. srsfsedinE sHp,GsG o1S FsPa hsn had been
Index numbers Of few months ago indI.
Gated clearly that the upward turn had
Ssioped character,stics that were famtlisr ms
IN war times. With rising costs o, nTn.
duction. due TO combination Of infiuen"es,
oone reversal and reports Of prem,vms a.
Tered for PROMPT deliveries are being heard
more freauen,y Where specufativs opera s%tH
iYregula rity, and cotton has -usIaned son com
siderable reaction, after a notsworthy Su,,. nm.
AYR, ,,o Tae ,GMnrs main prss ssor tTsna howeyer
DFomi1ent IN the movement. '"
4'Amons tho. industries, the c.m,n, md
sssord sales and Output rspor,.d' ,d" In VIM I'M
ss.S eonstro,,on plapned' .ssims,sstn psirnststn .,
1900; 900 ,sgIsfEs .Inforc yards ha. been ba
other buildins materials are active altbo,;As
primary markets for lumber note less os . =
sass on buying and some soitenins OF price,
ware. paints and plumbing materias 10 sci
TN primary textile markets, quiet d..
~ SusSsd are r.psrtea T SLOW @ to eanSs rs,s,n Il
ss seos. ssS: .sSs sssn S.:a
3 ssrsss.s sstiss sHf The sHss l.sass r' esn sn
~. .. s$'.saiis s.a o. 'ss''Gs' sSsIss .ss q
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-01
TRADING LIGHT IN
THE LOCAL SHARES
All Reports Indicate Continued
Improvement In Business
Conditions

Only ne.third Of tho usual numDer
Of stocks were traded In the abbre-
Waited session Of today''s local market;
indicating quite clearly there would
be little doing In period Intervening
before the Fourth Of July. With the
exception Of Pennsylvania Railroad
and Lehigh Navigation the dealings
were Of small dimensions and price
changes unimportant. Electric storage
Battery was notable exception, ad-
vancing over a point. which. however,
merely represented alignment Of the
price TO the New York parity. Some
little selling occurred In Pennsylvania
Railroad and Lehigh Navigation. both
making fractional recessions. Pcnnsyl-
vania regainel the loss before the clos
ing and the absorption In both issues
was excellent. What few other local
stocks appeared on the tape ruled
steady at unchanged prices.
The local market seems to be en-
tering a period Of diminishing activity
and Speculative Indifference. Most OF
the good things anticipated months ago
have been realized. so the market Is now
deprived Of the incentive supplying the
handspring of speculative energy. rms
does not mean to imply that, having
discounted the restoration OF more nor
NAL conditions, the market value OF the
local shares would contract. On
the contrary, profiting by the hard les
sons Of after the armistice period. most
of these concerns are in q healthier
physical and stronger financial condition
than they occupied prior to the war
pcriol.
For some occult reason there has been
growing feeling for some few weeks
that the npcx of the business improve
ment has been seen. This opinion Is
not warranted by facts and figures
There may be some hesitancy. but this
marking Of time from all indications is
merely the outcome of incidental in
fucnccs such as the coal strike and the
threatened railroad labor troubles.
Plans are being formulated which are
likely TO bring about an early settle
ment of the coal strike. In the better
versy Is looked upon more in the nature
of threat than a real danger.
In so far as business conditions alone
are concerned. convincing proof Of the
steady progress Of the Improvement is
distinctly reflected in two very reliable
barometcrs. One Of these is bank
clearings. Yesterday the Philadelphia
Clearing House reported the largest
monthly turnover of checks since De
ccmber. 1920. Another is the uninter-
rupted increase reported in cur loadings.
On the top of this is the reliable in
formation of banking circles showing q
gradual but constant and consistent
! widening of inquiry and also demand
in most all lines of trade.
This is further confirmed by the re-
cent monthly statement given out by
the Federal Reserve Board covering
! conditions throughout the country. The
greater proof, however. is to be found
In the returns showing n progressive
decrease of unemployment.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-01
LABOR CO|MP[|CA1l
SITUATION IN W[@
Iron and Steel Trade Hampss
by Coal strike-crop Out
look Favorable

Chicago, July Labor problems
complicatlng the business and ,nav
trial situation in the West, and ~.
is a disposition in many quarter.
follow a conservative attitude u,;
there is more certainty in this resn.'s
Steel and iron trade reports are M
favorable In the main, althouab M
restrictions due to the coal strlk. ~
being felt to greater extent, and N,
naturally is hampering .inaue,..
However. the demand for product,
this industry can be called good. Ran
roads probably will halt their bu,t
programs for the time being ,u,,I
the labor situation clears up. but m,
has been enough buying to give 4,
equipment companies considerable Uo,s
The crop outlook in the main
favorable, but a short oats cron
promised, and the winter wheat.
sibly. has been hurt to some exfsss
although much of 1t has been cut shs2
of deteriOrating hot weather. The sn,isy
wheat outlook at this time was seldsY
better than ut present, and this \
constructive factor In the situauss
The corn crop promises we'll and n
made up n late start in many sectios.
However. the country buying is OF mn
crate proportions, judging from msill
order house reports.
Agricultural implement and matA,vl
makers report turn in the long h,
Of depression. and the orders are ~
ing better. This is AN important n
velopment. For several years compasi;
Of this kind have been hard hit.
buying by farmers has been about
light as well could be. Money conSJ
tions are not much changed. and rai,
are low, with ample funds ayaij,Sl
for both investment in securities m
in business undertakings.
The demand for lumber and constme.
tion material. generally. is active M
this is also an important factor "A
is keeping labor well employed. n
ports on general merchandise and NJ
dry goods trade show considerable Au.l
ing, with business running somssI,l
ahead of year ago.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-01
FINANCIAL BRIEFS

Thomas \. Riddle 4 60. announce
,hat John NJ. Deni>on Las been admit
red to partnership in their hrm'
Stroud & Co.. Inc. announce the
oroning of n branch Office III Srrah-
tnn renresenLed by Leo \. llagg"rty'
Tho U II. White Company has de-
o,ored n stock dividend vi 100 per
can't thereby increasing their STOCK
;ram 81 OOO, 900 70 $1,000, 900.
Tbe average price of the twenty ac-
,,,., i,dratripls advanced O,Sl per cent
,o.,.riav to 42 93, while the twenty
r.;Is advanced or per cent 10 ~ ~.
III is officially announced from Lon
Ior thot no gold was exported TO
America DUNG the week ended June
Robert q. Taylor. who y year ago
herane manager Of c. W. MrNear
20 - New York office, was elected Il
vice president Of that corp"ratioh' ef-
lft' tar jncc,ts %n,' International. Ltd, Inc,
,Ira. months ended March 81,
.bavs 81 10 pcr share earned on 90.
400 shares of combined class "A and
II" .,,o %
ConsnIido,cd Cigar Corporation t" vote
on nrouoscd issue Of Al 4Oo common
vh,res 70 stockholders al SO ana 'lp
shares TO employees At lhe same price
was adjourned for one week
TonIers for British Treasury bills
l.,,.J Iuly 3 to :. at tT9 "S got 81
r,a,. conf Of bids above IN tuN, ana
Tr.osury bonds we're allotted at aver d.
aao urirc of f0S Is Id. All"tments "t
nth bu!s and bonds 'otaled t1o '"H, :
600 -. >,;.-o,,,i
S"Thp rcccivership Of N" Missouri
Eorsa. and Texas lta!'way Company
was dissolved yesterday when Judge
Sn,h,rn Of the United states Circuit
C,'U, ~ Anpenls, signed decree au-
thorizing the sale or the roau ior nor
Ie.s than SIS .OO0.O
.Thn earnings statements Of l"O rail-
roads for May show aggregate net oper
nting income of SAG .0G1, 700, contrnsted
with 500, ,303 900 in net earnings re-
nortcl by the same carriers IN May
,Ho1 according to compilations made
hv the Association OF Railway Execu :
tives from operating repor's med VIII
tbo Interstate Commerce COMMISSION
'Dircctors of REQ Motor Car Com
pany declared a 100 per cent Stock
idividcnd. Anticipation caused lively
tradinx In REQ on the Detroit Stock
Exrhnngc for several days. The stock
closed Yesterday at 2Ila. The divi'
drnd will be- paid August 10 TO stocs
! OF record July -.
, -Purchase Of 1000 automobile and 25(
stocks cars from the General American
, Car Company is announced BY thu
. Northern Pacific Railway. The con
tracts involve approximately 81 ,5l2 900
These purchases are part OF $3.50 ,0O'
I freight equipment additions for which
2 the Northern Pacific recently made In
{ quiry.
: been dissolved by mutual consent. Fred
l erico Lage, John +, Trow, BERT V
) smith, Basil s. Courtney, formerl
= members Of Lagc Brothers & Co., an
!; Harry Il. Talcott will continue tn
j business under the firm name Of Lag
!. Exchange, with New York and Chicag
= offices.
I The Federal Sugar Refining Com
= pany has issued q statement for the 20
!. riod April 2, 1921. to June 3, 1929
J, showing profit of S3O0, ,fi4t after $33S,
722 interest on borrowed money. A1ts
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-01
BANK CLEARlNGS EXPAND
Local Exchanges 1912 Per Cent
Greater Than This Week Last Year

An increase Of 11.O per cent in bank
ciearings Is shown In the figures com.
piled by the Commercial and Financial
Chronicle for the week closed today.
Aggregate of all the cities Of the coun.
try was $1,000, ,92O,G3l, against &c.,
54S. .2:0,53 during the corresponding
week last year.
Exchanges by the banks of the local
Clearing House Association were $685.
900, 900. compared with $329. 81 .566
the corresponding week in 1921, or an
increase of 1912 per cent.
COmDarisons follow.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-01
BAR SlLVE r

Domestic bar silver was unchanged In
New York today st 9oSo psr nne ounce
foreign, TIA c. again OF sc. u London, the
price was up Y d. at 80 Ad
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-01
puuADEIPHIA RONDS
NEW YORK BANK STATEMENT
Very Heavy Reduction In Loans
and Deposits

Loans and discounts Of the New York
Clearing House institutions were re-
duced $105 .O30. 900 last week. Demand
deposits also showed a falling off of
Sl5l ,991 900 Coupled with the re-
duced liabilities. there was an increase
OF So, sos. 900 in reserve credit at the
Federal Reserve Bank, resulting in q
gain Of $40. .492 $50 in excess reserve
and leaving surplus above legal re-
serve requirements of Sl6, S67, 400.
Details follow:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-01
COMPLETE n. Y. BOND TRANSACTIONS
IsALEs IN $4,000

tsALEs IN $1000l
reg Rspc IslAm'n Aer's q L.: ioaS
r." r." ,ssN ssN Chm H,cs. col iinaau.i IS
a.. lOOhl L.. 1913 Inn. 7Sh
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-01
RREss.Ep PoULTRY-Fowl.. fresh. h.killoa
COTTON RATES SET ASIDE
Entire Fabric Of Schedules for Mis-.
sisslppi Valley Is Discontinued

Washington, July 1,--(By A. P.)-
The entire fabric Of new rate schedules
on cotton moving from the Mississippi
Valley to consumption through seaboard
ports and Northern cities, which rail.
roads prepared and attempted to nut
into effect last fall, was set aside today
by the Interstate Commerce Commis.
sion.
The general system of new rates on
cotton was required under commission
orders carrying out the spirit Of the
long and short haul clause Of the Inter
state Commerce Act.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-01
Comparisons follow:
LIVESTOCK QUOTATIONS.

Pittsburgh. July 1--HOGS-Receipts cooo
head Higher. Heavies lllODIiJ5.
heavy yorkers, light do and pigs. SlI.4o d
ll;$SGG ;$GErp AND 1AMRs p.c.,n,. sao
head Steady. Sheep. 81: lambs. s12. 30;
CALVEs-Rsceipts. $50 head. Lower,
Top SIS.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-01
DIVIDENDS DECLARED

Kenlatex OIL Company. initial months |,
per cent, payable July 3, and a montA6 I
por cent. payable July 90 to Class A shares
on record Juno 30. u
Philadelphia and Grays Ferry PasyNs,r
Railway Company. semi:annual So, paySys
July II TO stock OF record June 30. 49,
preferred $50 par). payable July 10 10 stoei
OF record July ].
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-01
ANOTHER DROP IN MARKS
Establish New Low at .oo243a.
Nest Other Rates Hiaher

New York, July l.--Opening foreign
exchange this morning was very strong
with the exception of marks, where
new low was established. Most OF the 4,
other rates showed some advance over
last night ) close.
The European exchanges were tr-
regular at the close, but the leaders
which had shown strength throughout
the morning maintained il throughout.
The Scandinavians all made material
gains, ranging from 10 points TO %.
Marks gathered a Ntte strength, but
closed lower in tAe end and gutldcr
were almost cnt.rrly neglected.
Sterling cables wer" 4.I2i2. demand
a.: franc cables $40. checks $40;
Belgian cables 79s, checks IoI
lire cables ~, checks 4,G9l.
prscta cables 1888. checks 1861; Dam
ish cables 25,S5. checks 81. 50; guilder
ish cables 2J.SS. checks % 50 gu!lder
cables IS 90. checks 3S 30 marks ~.
To-Day being holiday, premium rates
on New York funds in Montreal were
merely nominal at ~ per cent. Dis
count rate on Canadian funds in New
York was nominally unchanged, due
to the holiday in Canada. at l 1l-16
per cent.
There was pronounced weakness in
most OF the Central European exchanges
today. Bankers attributed the weak
ness TO speculation and lack of support
for the time being. Rumanian was
,6OEa; Bulgarian. .73; Serbian, 1.2G ;
Czccho Slovskian, 19lI; Jugo-
Slavian, .3lla Finnish, 225; Greek,
3; Polish, .022; Austrian, .0O53, Hun
garian, .0l0,
Yesterdays CLOSING QUOTATIONS
Sterling Francs Lire Guilders
Demand .... 4,+2h s+2 AS ss,4S
TopAY's OPENING QUOTATIONS
Sterling Francs Lire Guilders
Demand ,.... 4tS. "a +7iL sstss
Gables ...,'. 7.4.N b a. SVln Se. 90
CLOSING QUOTATIONS
Sterl ng Francs Lire Guilders
Demand 49,. 4,42S sac 4Ga, as 80
Cables ..... aa2H s5Sb so0y ~ %
-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-01
Excess reserve 9
Reserve Banks Discount Ratss

Official rediscount rates at the twelve Fed
eral Reserve Banks are as follows:
Treas. LIB Coml Bkrs
Rnnda panar 49,.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-07-01
East Buffalo, July l.-CAT

Fast Buffalo. July 1.-CATTI E-Receipts.
300 head. steady. Calves, receipts, $50
head. Fifty cents lower: s5@1O
HOGs-Receipts. 1000 head, Dull. cog
GILES; workers.. light yorkers and piss,
sl1.o5; roughs. ss,7519; stays. S5R6.
SHEEP AND LAMBS-Recc!pts. 200 head
Slow. Yearlings. 5Oc lower: S540.50
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1922-09-01
JEFFERSON'S
OPINION

Equal and exact justice to all men,
of whatever state of persuasion, reli.
gious or political; peace, commerce
and honest friendship with all ma
tions, entangling alliances with none;
the support Of the state governments
in all their rights, as the most com
petent administrators for our domes-
tic concerns, and the surest bulwarks
against anti-republican tendencies
the preservation of the general gov
ernment in its whole constitutional
vigor, as the sheet anchor of our
peace at home and safety abroad;
freedom of religion; freedom of the
protection of the habeas corpus; and
press; freedom of person under the
trial by juries, impartially selected
these principles from the bright con-
stellation which has gone before us
guided our steps through an age of
revolution and reformation.-From
First Inaugural Address of Thomas
Jefferson, March a, 1901.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1922-09-01
FRATERNALISM
and THE HOME
By Mary E. La Rocca.

Is there word capable of suggest
ing wider range of ideas than the
word home? To the ancient Roman.
home was the abiding place for his
household goods; to the medieval
baron, it was the castle where he
maintained his retinue and from
whence he sailed forth to his con-
quests; to the pioneer it was retreat
from his struggles with the forces of
nature-the spot where he realized
the result of his efforts, where he
led the untrammeled life of his con-
victions.
Today, the home means to some
little more than a place in which to
sleep, for in many instances not even
meals are served, while to others,
this is a retreat from the field of
labor. / am hoping that the old Gus
tom of making a real home will again
be established. In making the world
better, the first place to start is in
the founding of this sacred spot. This
must be done by using Gods plan and
the home in one form or another
should be the great object of life.
1t devolves upon womanhood to very
large extent to inculcate and develop
in the home the ideals which are the
keynote of vigorous, virtuous
democracy. The first step necessary
is the education of each member of
the family to the idea that they have
part of the burden and responsibility
to bear, as we'll as their share of all
the pleasures.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1922-09-01
| WILL

There are no two words in the
English language which stand out in
bolder relief, like kings upon a
checker board, to so great an extent
as the words 81 will" There is
strength, depth and solidity, decision,
confidence and power, determination,
vigor and individuality in the round
ringing tone which characterizes its
delivery. 1t talks to you of triumph
over difficulties, of victory in the face
of encouragement, of will to promise
and strength to perform, of lofty and
daring enterprise, of unfettered as
pirations, and of the thousand and
one solid impulses by which man mas
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1922-09-01
STANDS WITH
A. F. OF l.. NON
PARTISAN POLICY

Bremerton, Wash.-By a vote of
nearly three to one the State Fedora
tion of Labor declared in favor of the
A. F. of L. non-partisan political pol
icy. The vote means separation from
the Farmer-Labor party which the
State Federation helped to organize
two years ago.
Spokesman for the Farmer-L Labor
party declared that their defeat "does
not mean that there is no co-opera-
ton possible" All delegates were
agreed on the defeat of Miles Poin-
dexter, United States senator from
this state, whose main efforts since
the armistice has been haranguing
the senate against organized labor.
In an address to the convention A.
S. Goss, master of the state grange,
declared that there is a well organ
lied campaign under way by reaction
ary interests to ALLEVIATE the farmer
and the city worker.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1922-09-01

Nabb's unfair attitude toward strik-
ing railroad shop men aroused deep
resentment among these workers, who
decided, however, that their most inn
portant work was to win their strike
and not wander off at this time in an
effort to recall the city official.
The strikers state that the mayor
called on the governor for state
troops after he had conferred with
railroad officials, although he did not
find it necessary to add one man to
the local police force.
Can he sue you for damages7 Ask
the Auto Club attorney. Advice free.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1922-09-01

present year. This is gain of more
than $500,OOO over the same period
last year, and is exclusive of all
charges, including depreciation, taxes
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1922-09-01
MEN and BUSINESS

Henry Ford has rare faculty for
making trouble for other employers.
Some years ago he established a
minimum wage of SIS day. Now
his son introduced the five DAYS a
week eight hours day policy, with
a minimum wage of Sc a day for old
employees of the Ford Company.
The latest move is not so radical as
was the SIS day minimum rate when
it was announced. In fact, it may not
be considered favorably by those most
concerned. It's immediate effect up
on many of the Ford workers would
appear to be to reduce their pay.
The man who has been getting $50
a week will receive $50 and the one
who got $50 will receive $25. The
worker is very sensitive about the pay
envelope.
Edsel Ford declares every worker
needs more than one day week for
rest and recreation Likewise, in
order to live properly, every man
should have more time to spend with
his family, more time for self i'm
provement, more time for building
up the place called home.
Edsel Ford and his father are relig-
ious men, yet they evidently are not
in full accord with the Biblical in
junction, "Six days shalt thou labor" !"
EXODUS Xxx, 81
Personal stocktaking of where the
money we earn under union conditions
goes to is strongly urged for those
who take goods that are "just as
good" as union labeled commodities.
There is only one thing worse than
too low dues and that is no dues at
all.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1922-09-01
ters impediments in the way of pro-

ters impediments in the way of pro-
gression.
As one has well said: "He who is
silent is forgotten, he who does not
advance falls back, he who stops is
overwhelmed, distanced, crushed; he
who ceases to become greater, be-
comes smaller, he who leaves off gives
up, the stationary is the beginning of
the end-it precedes death; to live is
to achieve, to will without ceasing."
We must always have the phrase,
II will" on our mind. Never say
won't, because as long as we say /
will, we live, and that is all of our
rights.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1922-09-01
BIG MONEY IN DRUGS

New York.-The united drug COM
pany reports clear profit of $1,678,-
686 for the first six months of the
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1922-09-01

There is only one thing worse than
too low dues and that is no dues at
oil
Every evening, Wilmington daily commercial., 1922-03-27
STONE STABLE GIVES
WAY TO FINE HOME
Remarkable Transformation, in
Quick Time, on the Phila-
delphia Pike.

A particularly fine example of the
excellency OF the workmanship OF
Wilmington's artisans IL to be found
In the transformation of an old dilapi-
dated stone stable into a magnificent,
modern home.
For many years the old stable had
stood untenanted. and at the mercy
of the elements Mt Silvcrslde road and
Philadelphia pike, until Il. w. Taylor,
It's present owner. saw the possibilities
of the site for modern dwelling, and
presented his plans to II. Il, Clark. a
local contractor, who assumed the re-
sponslblity Of carrying these plans
through And exactly three months
from that date Mr.. Clark started work
The old stable underwent n complete
mctnmorphosis. and In it's stead there
stood one Of the most beautiful homet
of it's kind In the vicinity.
The structure is OF hollow tile with
stu0Co finish. the stucco work M well
as the plastcrIng being done by Lacey
brothers. and will stand for years ms
monument To their efficient. work
mauship. The plumbing heating, and
water systems dI" III" HlrSt houeii
that could be obtained. having hecr
installed by Clarence L. Pierce ~ 2l2z
( Market street. Mi Pierce equipped
! the residence with the Vail Kind,
water system and the American Idea
( heating plant, and constructed a sowri
system as well. making the Job com
plcte I'm every detail The roofing and
spouting work was done by W. I
Stops