davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-17
Rails Still Behind the Market

Thus far railroad stocks have enjoyed
n rise propOrtionately as great as that
established in many other groups of Sc
curities. It is known. however, that
some Of the leading financial interests
of this country entertain the opinion
that this class of issues will. before
long. be a big factor in the securities
markets, because there has been quiet
buying of the rails for some time past,
which eventually must find reflection in
higher prices. because in due season the
public will come to the same realiza-
ton regarding this group as has been
the case with many others which have
been n factor thus far in the upward
movement. New York Central already
has undergone substantial advance
marketwisc, and many Of the low
priced rails also have risen moderately.
Naturally, railroad stocks will be
governed to n considerable extent by a
revival in commercial activities through =
out tho country, and present indications
point toward gradual betterment IN
this respect. In some lines u very de-
cidcd improvement already has taken
place, while in others there are indica
tions of moderate betterment as a re-
vival takes place elsewhere which may
be of influence generally.
In other words. the whole commercial
fabric Of the country is SO inter. related
| that m Improvement in one line usually
brings about betterment in another.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-17
FOREIGN EXCHANGE

New York. April 1I.-Owing to the
fact that today. Easter Monday. Is q
close holiday in London, Paris and
all of the Continental coun.
tries. today's foreign exchange market
is expected to be "a perfunctory affair.
the quotations interchanged for the most
part by local operators. Opening quo
tations this morning showed only varia-
tiOns of slight fractions from Satur'
days final figures.
In the absence of n foreign market,
local operators rushed quotations up
ward IN the first hour. making new high
records for francs and lire. Quota.
,!ons were: Sterling demand 4.41hs to
4i1M. cables 4.42A to u: frame ca
bles 0.32H. checks 0.3l1a: lire cables
J.4TA. checks 5.46M marks 36A.
There was no market for foreign ex-
change IN Montreal today. The dis.
count on Canadian funds in New York
was nominal at 2ffl per cent.
SATURDAYS CLOSING QUOTATIONS.
Sterling Francs Lire Guilders
Cables ...... i.iiS V,2S 5iih S7oo
ToDAY's OPENING QUOTATIONS.
Sterling Francs Lire Guilders
cables ~. 4.iiN o,20h 5.iih 37SS
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-17

pericnced in the trade. It. is. asserted
that the demand for bonds has been
larger than at any time in the memory
of the oldest bond traders. This In
quiry was not confined to any particu-
lar group Of issues, but has. been gem
cral, including all classes of bonds,
notes, high grade preferred stocks. etc.
Obviously. the fact that prices for the
Al securities have advanced to such n
point AZ to have resulted In bringing
about the diversion of attention of in
vcstors to securities of lesser impor-
tance from the point of view Of stand
ard income return, arl this has been
reflected In the unusual volume of buy
ing order that have come into the stock
market. 1t IL no longer possible to OBJ
tain high grade bonds at the unusually
attractive income return rates of a few
months ago.
Therefore. there are many who arc
employing at least a part Of their sur
plus funds in the purchase Of many
stocks which possess possibilities Of en- =
hanccmcnt in value. particularly in the
face Of the upward trend that has been
under way for several months past.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-17
Brokers' Opinions

AZ
"There we're TO re found in the weeks
,;cvclopments four distinct constructive
events which undoubtedly fortified the
forward movement in the security mar
kct. with mn armor- plate foundation.
Each of them tells the story in con-
vincinp manner why values I'm the co,ln-
try are rising. In other words, the
turning of the corner in the financial,
commercial aud Industrial situation is
no longer a matter of imagination or
theory. but an actual working condi-
ton. For instance, If any of our in
dustrics needed n barrier against chcap
European goods. they certainly have it
in the nronosed tariff changes presented
by the Senate committee. Quite as i'm
uortant. more so for Immediate results.
wns the fender of the Secretary of the
Treasury of $50 600 900 Treasury cor.
tificatcs. maturing in six months nnd
bearing interest of 81, per cent. Tho
contrast with thc 6 pcr cent pnid by
the Government in the latter part of
| 1920 is not only ample proof of the full
correction of the credit imitation. but
also is n striking illustration of the
abundance Of fonting capital. which.
however, had been fready indicated by
| the buOyancy and mounting prices for
investment issues. Then, looking across
the water. the reduction of the l'ank OF
England rate to i per cent was con-
vincing proof Of another step in the
restoration of more normal conditions
abroad and the loosening of money for
trade PURPOSES. With the exception
of Switzerland, Great Britain now has
the lowest bank rate IN the world. which
alone is n significant fact. The rate
comnarcs with a bipl, of 10 pcr cent on
Angmst 101I Still another event
ub;nh T.. ruitn ,il.Iv to have fnr.rcach
;nn irH,nn,.e IN not onlv sbaniny ,bf
monetary CONDITIONS Of the world bu,
also the security markets. was the
nneninr of thc Gcnoa conference. Do
!, snite the handicaps encountered, mucl
good is expected to follow this his
torical conference. The iptcrestin.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-17
Wild SCRAMBLE .
FOR CURB SHARES
Many Issues Sell at New Highs,
Yielding Later on Selling
Pressure

New York. April 17.--Thcre was the
same wild scrambling in the trading II,
stocks on the Curb today rs was re-
corded on the New York Stock Ex-
change. many issues selling at new high
records in the carly trading only to be
under heavy selling pressure after these
advances and yielding sharuly before the
first hour ended. The petroleum stocks
demanded most attention, these issues
swinging over wide range on an cnor'
nous volume Of business.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-17
SEE WHAT :" lie OBSERVER" SAYS

THE OBSERVER Is farseeing when 10
comes TO Sports and has a way OF putting
'rm over every fan will appreciate. Start
read ng How Does 1t Strike You?'' by THE
OBSERVER, which appears every day on
the Sports Pages of the EVENING PUBLIC
LEDGER. Make 1t Habit. ."-Adr.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-17

Record. Breaking Bond Market
According to some Of the leading
bond market authorities. last week has
been one of the most active ever ex-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-17
Idle Funds Growing

Several months ago, attention was
called in these columns to the general
expectation of easy money conditions
over considerable period of time.
The actual developments Of the last
four or five months have fully borne
out these statements. So long as busi-
ness does not show any pronounced ap-
preciable improvement, it would seem
fair to assume that money rates will re-
main easy, in which event it Is equally
reasonable to assert that there will con-
tinuc an excellent demand for securi-
ties with tendency toward higher
quotations. Commercial activities have
shown improvement, but, as yet,
the volume of business throughout
the country has not assumed propOr-
tions such as to command the employ
ment of unusually large sums of
money. Corporations. it Is stated, for
some time past. have been Il factor in
the securities markets because of their
desire to keep fully employed their sur
plus funds.
As soon ias business picks up and it
becomes necessary for companies having
taken such action to obtain funds, il
is not improbable that there will b,
some selling from this source. but it j.
| felt in some bond market quarters that
general public buying will be sufficient
| to absorb this character of distribution.
| without resulting in any pronounced re-
action marketwise.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-17
Reserve Banks Discount Rates

ohcia red!scount rates at the twelve
Federal Reserve Banks are as follows:
Treas. Lib; Com'i Bkrs.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-17
DIVIDENDS DECLARED

Dallas Power and Light Company. quar-.
terly ia pr cent on preferred payable
May ! to stock Of record April 30
Pacific Power and Light Company and
Portland Gas and Coke Company uarteriy
-. per cont on preferred. payable Nav 1
to stock ~ record April II.
Public Service Investment Companv u,Inr.
t"rly 81 on common and $3.50 on pre-.
April IL.
Lancaster Mills. quarterly ~ per csne
record April ri W
Butler Brothers. quarterly 3s per cent,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-17
BANK ClEARINGS

Bank clearngs today compared with Sor.
responding day last two years: 71V
phia SIS 90 600 .ss " NJ ssa ss7 oSf agsS $50
Boston :. ~. 900. 900 44.G73S1a .......
y. y. ..i37, 900 900 +G5 1870 6i0, 3O5, ,070
New Britain herald., 1922-05-26
MANY ARE KILLED
 IN SYRIA TROUBLE
Encounters Between French and
 Natives Costly

Damascus, Syria. May 26.-(By As sociated Press)-It is estimated that 50 persons were killed and 200 wounded in the three-day encounters between French soldiers and natives in consequence of the political dem onstrations and disorders which oc- cured here early this month. AL though martial law was proclaimed the French military authorities did not regain control of the city for sev- eral days. The main facts were re- ported by cable at that time Par ticulars now available show that the trouble started with the arrest and Imprisonment of pr. Abdul Rahman Shahbander. the Gandhi of Syria, and six other leaders who as delegates had lain the grievances of the Syrian people before Charles F. Crane, for merly American minister to China, who in 1919 headed the American commission sent by the league of na- tions to investigate conditions in Syria and Palestine and who was His- iting in this city in an unofficial ca pacity.
 Complain Of Taxes
 The delegates had an interview with MT. Crane at his hotel and com plained to him of the new taxation, showing by figures how a man letting a house for $20 month would have
New Britain herald., 1922-05-26
SEX LIMITATIONS
 ARE PASSING AWAY
Time Near When Women Doctors
 Will Be Common

St Louis, May o6,--SeX limitations in the medical profession will vanish in a few years and the time is com ing soon when every community will recognize the need Of women phy- sicians, pr. Grace Kimhall, president elect of the medical women's national association, one Of group oi medical organizations meeting in connection with the convention of the American medical association, said today
 Dr. Kimball said that today 1t takes about twice as much ability and industry for woman to gain reeog- hilton as for a man. but all that IS changing and in the future l believe women will prefer woman physician to a man. Given the same scientific background, the balance will be in ia vor of the woman physician"
 Great Opportunities.
 There is no profession outside of motherhood that offers tho tremen- dous opportunity for service 10 hu- manity that the practice of medicine does, declared Dr. Elizabeth Bass, re- tiring president of the organization She is professor of clinical diagnosis of Tulane university, New Orleans.
 Mrs. A. J. Mclaughlin of Washing ton, president Of the American public health association, declared that med ical knowledge has advanced far in excess of the means for applying it.
 Nine of every 1000 babies in Amer lea dies before reaching the first year, chiefly because of impure milk, Dr. Walter F. Walton of Brooklyn said before a joint meeting of the Ameri- can association of medical milk com missioners and the certified milk pro- ducers' association of America.
 Dr. Walton stated that 51 per cent of all cases of tuberculosis was trace able to impure milk.
 Today the house of delegates, the governing body of the American med ical association continued to receive and discuss committee reports and resolutions.
New Britain herald., 1922-05-26

to pay taxes for it amounting to s22 They also described to him the condi- tions of the law courts and com plained Of restrictions Of personal freedom and of the press,
 Dr. Shahhander and his colleagues were put in prison for the following
New Britain herald., 1922-05-26

statement; We want independence and Syrian unity, We still hope that America will not fail to help us real ize our aspirations" IL Is understood that Mir. Crane only encouraged the delegates to cling to legitimate means in claiming their rights,
New Britain herald., 1922-05-26

government by representatives of all classes of the people with q threat of open rebellion. if steps were not taken for the immediate release of the poll tical prisoners,
 Even the women of Syria demand cd independence. Several hundreds
New Britain herald., 1922-05-26

of the most educated. paraded the streets shouting Long live United and
 Free Syria" The police and French soldiers in vain tried to disperse them and only the timely arrival of the commander of the French forces pre- vented n slaughter since the officer in
New Britain herald., 1922-05-26

After the disorders all business came to standstill in Damascus. Merchants, doctors, lawyers, laborers, all went on strike to register their dissatisfaction with the methods used by the mandatory power (France) An ultimatum was handed to the
New Britain herald., 1922-05-26

charge of the French detachment had already lined his men and had given them orders to shoot to kill
New Britain herald., 1922-05-26

Genuine imported schweitzer cheese b5 cents n pound. Russell Brothers- advt.
The New York herald., 1922-11-12
PACKARD COMPANY
IS NOW 2S YEARS OLD
Celebrates by Rolling Out the
First Packard, Which
Still Runs.

Twenty-three years ago the first
Packard motor car was turned out in
the plant OF the Ohio Automobile Com
pany at Warren, Ohio. The Packard
Motor Car Company celebrated the event
at its plant in Detroit by getting out
the old original car from a corner OF
the factory, where it had been tucked
away. 1t was found the old car still
is capable Of running almost as we'll as
when new.
The first Packard was made by j. w.
Packard in his electrical plant at war
rem after a study of automobiles here
and abroad and preliminary expert
mental work covering six years. The
old car had one cylinder engine with
a belt drive and three speeds, forward
and reverse, through sliding the belt.
The first Packard catalogue with un-
disguised pride pointed to the record of
Packard cars in the New York-Buffalo
endurance contest, in which an average
speed Of ten to fifteen miles an hour
was maintained. Four cars were given
first class certificates in the contest. IL
was explained that of the etghty-nlne
automobiles in the contest only half
firished. The roads were described as
a sliding mass of sticky mud and a
heavy rain fell constantly through the
contest Five PackardS started and
five finished
Production of one cylinder Packards
was continued with constant minor
changes at Mr.. Packard's electric plant
until 1902 when q change was made to
Il four cylinder motor. This same type
was used In the famous old Gray Wolf,
The New York herald., 1922-11-12
JAY WALKERS NEED
TO Be CONTROLLED
A. A. a. Executive Gives Fig,
ures TO Prove Need of
Such Action.

'srhe public, as a whole, is TOO ready
to place the blame for any accident
in which an automobile figures on the
driver of the automobile" says NJ. Q.
Eldrdge, executive chairman OF the
American Automobile Association. The
first cry that goes UP, as 4 rule, when
such an accident occurs, is that the
driver OF the car was at fault when
as a matter of fact. in large ma
iority OF cases the person injured was
TO blame.
'I have before me- continued Mr..
Eldridge, "a chart containing a sum-
mary of traffic accidents in New York
city, with the fault or incapaclty OF
the proper party listed and while Per
haps the cause OF 60 per cent. oc the
accidents is listed as unknown, the
blame in the cases where the fault
OF the accident has been determined is
overwhelmingly placed on the persons
injured.
over certain period OF time in
which 1871 accidents, involving private
automobiles, occurred, the Police De-
partment of New York city found by
thorough investigation that in 45o cases
the driver of the car was 70 blame;
in 3,i6S cases tho person injured was
TO blame, and IL 1yGS cases the cause
OF the accident weS unknown. With
the heavy preponderance of blame
placed on the person injured IN the
known causes OF accidents. 1t is but
fair to presume that the injured per-
son was to blame in more than % per
cent OF the remaining 1858 cases. bas-
Ing this on the most conservative esti-
mates During the same period of time,
in which 1909 accidents, involving taxi
cabs, occurred, the cause for fifty-one
such cases was traced to the driver
while 437 cases were blamed on the per-
son injured and the cause OF ia acci-
dents remained unknown.
THESE figures serve to emphasize the
contention Of the A. A. A. that no
traffic regulation is complete until II
provides penalty for jay walking. The
jaw walker. in my opinion, is the most
serious menace to traffic safety in
the United States to-day
The automobile has always been a
subject Of class legislation. 1t is a
ST. target for every legislator
seenlu- a new means of revenue. It
rav- moro tax than any property or
alue in the world and is sub
ore regulations than any other
Of conveyance.
lie American Automobile Associa-
tiou stands for obedience TO the law
and for observance of all traffic reg
ulation. but we feel that If motorist
Is to be fined for disobedience OF a
traffic signal. then the pedestrian
should be fined for jay walking across
the street, putting himself, as well as
every motorist IN that immediate vicin-
ity in danger.
A'rhe automobile has done more to
enhance mans value to his community
and to enhance the value and enlarge
the scope OF that community than any
other ono invention and We respectfully
maintain on behalf OF the motorist that
the automobile driver is entitled to
much more consideration than he now
receives"
The New York herald., 1922-11-12

city and the end OF the hrst leg Of the
scenic tour.
4, Returning from Binghamton. It is
preferable 10 retrace via Court street 20
just beyond the state Hospital, where
right fork Is taken and the route pro-
ceeds through kirkwoOd and Great Bend
To- Hallstead. where the LaciSawanna
Trail starts. The Lackawanna Trail Is
probably one of the most scenic routes
for the distance in the world and Will
equal, il not surpass. the famous Mo-
hawk Trail, which runs from Williams
town TO Greenfield. The Lackawanna
Trail was recently opened. running on
an old roadbed OF the Lackawanna
Railroad high about the beautiful wall
ley through Nicholson and Clarks SUM
NIT to Scranton. From Scranton the
route passes number OF anthracite coal
mines and proceeds through Elmhurst
and Daleville to Tobyhanna, entering
the beautiful Pocono Mountains and con-
tinuing through Mount Pocono and pass
ing Pocono Manor, one of the finest
mountain resorts in the country. then
over an excellent concrete road through
saltwater. Scotrun and Bartousville to
the picturesque village OF Stroudsburg.
From Stroudsburg there is a good hard
surfaced road TO the Delaware Water
Gap. From the Delaware Water Gap
1t is 1856 miles to New York city via
Hackettstown, Schooleys Mountain Nor
ristown and Newark AS there Is Il con-
siderable amount OF construction work
and q number OF rough stretches. ii Is
preferable to return from the Water Gap
via Dingmans. although ten miles longer.
From the Delaware Water Gap go north
through Shawnee, Bushldll and Egypt
Mills to Dingmans, where a right turn
is made running due east, crossing the
Delaware River via Dingmans Bridge
and continuing through Layton and
Branchyille to n new concrete road
which turns right just beyond Augusta
and continues through Newton, Andover,
Netcong, Dover, Rockaway. Parsippany.
Franklin and Caldwell to tile beautiful
city OF Montclair. From Montclair 1t is
preferable to follow Bloomfield avenue
to Newark. bear right into Broad streec,
turn left into Bridge street, cross bridge
over Passaic River and follow the old
Newark Turnpike to the Hudson County
Boulevard, where a left turn Is made,
and about three miles beyond turn right
into Third street. which is a one way
street going east to the Forty-second
street ferry back to New York.
The above tour Is about 90 per cent.
good hard surface road and will equal
any tour in the world of the same dis
tance for scenic beauty, and In the fall
when the trees are changing and the
colorings are so beautiful, the entire
route is one continuous panorama OF
scenic grandeur.
The New York herald., 1922-11-12
ESSEX HAS FINE
NEW SHOWROOM
Harry Houpt Pays Big Rent in
New Harriss COlonnade
Building.

What is claimed as a new high record
price for lease in the Columbus Circle
automobile district has just been paid
by President Harry S. Houpt OF the
Hudson Motor Car Company of New
York, for space in the new Harrlss
Colonnade Building for Essex cars.
The new Essex salesroom will be To-
Gated at the northwest corner of Broad
way and Fifty-seventh street and ac-
cording 10 the owners of the Colonnade
Building, Mr.. Houpt is paying $4,000 a
year rental for 5000 odd square feet OF
space or about $40 a square foot. Mr.
Houpt. IN discussing the transaction yes
terday, said:
"while the price OF $4,000 year seems
high I have found from my experience
with the Hudson car in the Circle Build
ing that the price you pay for good
location In a suitable building amounts
To- very little in the long run. provided
YOU have a good car to sell. while II
YOU have not a proper place to display
your merchandise it will cost you thou
sands OF dollars in trying to bring GUS
toners into your salesroom let alone
selling them afterward.
"As we are thoroughly convinced that
the Essex is an exceptional automobile
we decided that it should have the
finest automobile salesroom in the city.
end that is the reason we are investing
$4,000 during the next five years in the
confident belief that the public will
indorse our opinion. outside Of this
the demand for Essex. cars has been
growing so fast that our present quar-
ters We're entirely inadequate to handle
the business.
"The Columbus Circle district for
long time to come will remain the hub
Of the automobile district, and ! base
this opinion from my experience with
the Hudson car. which is ideally located
in the Circle Building. The present Essex
salesroom found out was just little
too far north of Columbus Circle to get
the best results"
The new salesroom has a frontage or
co feet on Broadway and los feet on
Fifty-seyenth street. with huge plate
glass show windows for display pur-
poses on both streets.
The New York herald., 1922-11-12

the first Packard racing car which held
the mile and other records in this coun-
try for number OF years. The Gray
Wolf covered the mile in 46 20 seconds.
The Gray Wolf was built for test
work as much as for racing and on IL
was tried out the plan invented by Mr..
Packard OF installing the transmission
on the rear axle, a system used by the
Packard until the Twin Six was brought
out in 1915.
One of the early model Packards was
purchased by Henry Il. JOY, who was SO
much impressed with the car and the
possibilities offered by the automobile
industry that he made "A substantial in
vestment in Mr.. Packard's company,
and then after interesting other Detroit
capital reorganized the company under
the name OF the Packard Motor Car
Company and built new factory In
Detroit.
The Detroit factory was started In
1903 With two acres OF floor space. IL
now contains 70.6 acres OF floor area
III thirty-fve buildings covering "A
stretch OF ground more than mile
long.