davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-04-29
L. M. M. May Sell
American as Well
AS British Ships
Plans Call for Complete
Liquidation of Company;
Terms May Be Less Favor
able Than Original Ones

Negotiations by the International
British fleet and other British assets
to an English syndicate will probably
culminate in liquidation of the Ameri-
can holding company and the sale of
the American ships to American inter
ests. p. A. S. Franklin, who sailed for
London week ago last Saturday, is
conducting the international Mercan-
tic Marine negotiations with the Brit
ish interests.
The I. M. NJ. fleet, including the com
pany's interests in steamers jointly
owned, aggregates approximately 984,-
600 tons gross, divided substantially
as to flag as follows: American, 49,
600 tons; British, S53 900 tons, and Be
gian, $4,000 tons
The American feet is operated by the
Atlantic Transport Company.
The British companies include the
International Navigation Company,
Ltd; the Ocean Steam Navigation
Company, Ltd; the British and North
Atlantic Steam Navigation Company
Ltd, and Frederick Leyland G. Co..
Ltd.
international Mercantile Marine di-
rectors on this side are by no means
sanguine that the present negotiation
VIII be completed on terms as favor
able as those involved in the deal which
was set aside by the recently abrogated
offer of the United States Shipping
Board to purchase the British assets
The earlier plan, it has always been
understood, provided for the payment
of approximately $130,O000O0 to the
American holding company. About
$90,0O0,0OO of that sum was understood
to represent payment for the British
owned feet, the remainder being cash
and other liquid assets of the English
companies.
Those close to the management of
the |. M. NJ, however, are anxious to
sell, but Just how desirous the British
are to buy is not known, at least to the
public. This matter rests entirely on
the terms that are proposed under
present shipping conditions. Some
maritime authorities believe that the
on the British fleet to-day.
Recent buying of the international
Mercantile Marine shares has been
reported to have come from those who
believe that in the event of the ter
mination of the company's affairs both
the preferred ard common stocks will
have a higher liquidating value than
current market prices. This theory,
however, has not been borne out by the
action of the per cent bonds, which
ar currently quoted around 80 and in
the event Of liquidation of the COM
pany would be retired at 10.
A certain element in Wall Street has
professed to see a connection between
the recent call for payment of the re-
naming $40 share due on the stock
of the American international Corpo-
ration, which will supply the company
with $20,0O0,00O of new money. 1t is
considered plausible that in the event
of the sale of the British feet the
A. ]. c. might take over the American
ships and thus add to it's ocean trans
portation facilities.
New-York tribune., 1919-04-29
Standard Oil of New York
Earned $3.50 ON Stock

For the year ended December 81,
1918, the Standard Oil Company of New
aar York reports net earnings of s2S,642,-
3sI. after depreciation, sundry re-
$38.l9 share earned on the SIS 900.
600 capital stock This compares with
net earnings of s3O000,673, or $40 a
share. in 1917 Holders of the stock
shared $s,oOo,o0O in dividends, or S75O,-
600 more than was distributed the
preceding year. Surplus amounted to
$19,642,387.
The enormous amount of $74.529433
was shown in the balance sheet as cash
and current assets of the company.
compared with $60,014,527 for the wear
before. Real estate and plants were
valued at s70,255,3S7. Total assets at
the end of the year amounted to 1884,
0o5,7l6. Federal tax reserve totalled
Sl555l4,6a3 against $9,375,372 the year
before.
New-York tribune., 1919-04-29
Bel gian Credit Renewal
Allowed as SSException''
Federal Reserve Board Denies
That New Policy Has Been
Established

The Federal Reserve Board denies
that in permitting the removal of
acceptances for the $50000,OO0 Belgian
credit it has adopted any new policy
1t has merely made an exception,
according to it's April Bulletin, just
issued, when "some relaxation of usual
safeguards may be unavoidable" In
commenting on the credit the board
says in part;
"The drafts ave to run 90 days. with
arrangements for three renewals, so
that in effect the operation has a
maturity of q year These provisions
are practically in line with those which
had already been established in other
connections to govern the so-callcd
renewal aceptanccs' of past years
The board. therefore, has not, as stated
ia acme quarters, developed any now
policy in connection with the dts-
counting Of drafts Of this eharecter
but its attitude in the matter remains
unchanged.
at has been suggested that similar
acceptance credits be placed on behalf
of other countries which are in need
Of funds for similar purposes. Tho
boards position, as alrady developed,
has been that operations Of this kind
under the general description Of
'acceptancos' should be subjected to
reasonable limitation and should not
be extended to an extent which would
result in placing in bank portfolios
too large an amount of non-liouid
paper having fairly distant maturity
While the board recognizes that in the
present unusual circumstances of the
financial world some relaxation Of
usual safeguards may be unavoidable,
neverthlesess it believes that every rea
sonable precaution should be taken to
prevent the undue accumulation Of
paper subject to renewal"
New-York tribune., 1919-04-29
Mexico Balks at
Finance Clause i'm
Armistice Terms
Refuses to Recognize Ban
on Disposal of German
Securities and Specie in
Other Countries

WASHINGTON, April 2s.-Mexico has
refused to recognize the financial clause
of the armistce terms by which Ger
many pledged herself to the Allies not
to dispose OF any of her stocks in specie
or any of her foreign title deeds or
bonds abroad, whether in the posses
sion of the government. banks or
private individuals or companies, it
was learned to-day at the State Depart
ment. The matter is being discussed
in Paris, but any action taken will be
for the present directed by the repre-
sentatlves of the associated govern
ments, and not by the United States on
its own initiative. Action of some kind.
however, is looked for as soon as the
peace treaty is out of the way.
Mexico made known her attitude in
reply to M. +. de Jean, French charge
d'atfaires, who, in the name of the
French government, warned the Mexi-
can government of the determination
of the Allies not to permit Germany to
profit in any way by the sale Of securi-
ties, and thus cheat the Allies of part
of the damage indemnificatio that was
to be demanded Of Germany. This was
agreed to by Germany in signing the
terms, but the Carranza
government replied that action on the
part of Mexico in preventing any such
sales would violate the terms of
treaty between Mexico and Germany
and that the Mexican government would
not accede to the request of the Allies.
A similar reply was made to the
French government when the same
warning was conveyed to Mexico re-
garding Austro Hungarian financial
holdings.
1t is believed in official circles here
that this attitude of the Carranza gov
ernment was partly responsible for the
failure Of the French government to re-
celve Alberto j. Pani as Minister to
France and for the exclusion of Mexico
for the present from the league of
nations.
New-York tribune., 1919-04-29
Market "Thin In Spots"

"ln aome responsible quarters.' said
Anderson, Bruins \ Co. yesterday. ut
is admitted that the stoek market Ia
rather thin in spots az a result OF the
rapid advance aimee the early part Of
February, and, furthermore, oppor.
tuntties for profit taking should not he
neglected. It is also pointed out that
n reaction Of some proportions would
go u long ways toward improving the
technical situation"
New-York tribune., 1919-04-29
Ry. Executives Meet To-Day

More than usual interest is at
tached to the scheduled meeting to-
day of the standing committee Of the
Association of Railway Executives. as
1t will be the first since the return
of Thomas De Witt Cuyler. the chair
man, from vacation or several weeks
in California. 1t is understood that the
committee is considering suggestions
OF constructive character which NAV
be presented when Congress takes IN
the question of returning the railroads
to their owners. 1t is expected that
Swagar Shirley, director Of finance of
the railroad administration, will meet
the committee following it's formal
meeting.
New-York tribune., 1919-04-29
Foresees Extravapant Rise

According to Chandler Bros. & Co..
the advance thus far has merely dis
counted only partially a few Of the
business advantages to accrue to this
country through its very successful
participation in the war. 1t has not
yet scarcely touched the very impor-
tant influence that must accrue to this
great country through the vast infla-
tlon of world credits, running into un-
heard OF billions, heretofore unthought
of. When this becomes the dominat-
ing power. present quotations will
seem as though in q panic and prices
will reach heights for too high, just
as they have been too low in recent
years as the result of improper pre-
vailing conditions too numerous to
mention"
New-York tribune., 1919-04-29
New York Dock Active

New York Dock common, normally on
the so-called "inactive" list, sprang
into prominence yesterday as a real
stock market performer. Without a
single reaction it rose from &c to 35.
Then 400 shares were dumped on the
market and the price broke to 80. 1t
closed Mt 307s, up As points net. The
preferred advanced points to 81. The
annual report of the company, recently
issued showed earnings of around 81
per cent on the stock. A cash dividend
of 213 per cent was declared around
the first of the year. The company has
S12550,0 of 4 per cent bonds ont
standing, $10,0000OO of per cent pre-
ferred, and $7,00O00O of common, and
owns slightly more than two miles of
waterfront on the East River
New-York tribune., 1919-04-29

The above rates express the cost of
foreign, money in terms of the Ameri-
can dollar. You buy an English pound
sterling, say, at $4.65. The intrinsic
parity. is $4.S65s per pound. Thus Won
say either that pounds are at a dis-
c9unt % or shat dollars are at premium,
winch Is owing to the fact that in Enc,
land the demand for dollars with wh;ch
to settle accounts in this country ia
greater than the demand in this coun-
try for pounds with which to settIa
accounts in England.
New-York tribune., 1919-04-29
Market Opinion
A Dear Stock

"renn Bros. & Co. say of Mexican
petroleum: even at current prices
mexican Petroleum common is probably
one of the dearest stocks on the New
aork list Its rise was due mainly to
me great war demand for fuel of
MeXlcan origin-which is very low
grade oil. The percentage of rise was
much greater in this than in the higher
grade oils, and profits correspondinrly
increased. Quotations for this Mexi-
can oil are not available. but low orado
oils which are quoted are already h.
ginning to slump"
New-York tribune., 1919-04-29
Put Your
Money
to
Work
for
You

1.-TWO years ago this
i was a N alton of
Spendthrifts. Out of
a hundred million people
in the richest country in
the world - only a mere
handful knew how to make
their money work for them
how to invest it. When
America went into the war
there were less than half a
million bond-owners in the
country.
Today there are more
than thirty million.
We have become Nation
of Investors.
Of course we didn't 90
about it to make money.
We invested in Liberty
Bonds to win the war.
But the principle of the
thing is the same.
We invested in Victory
but we invested in Pros
perity, too.
That Prosperity is ours
now-providedwe areready
to do our part.
And our part means fin
ishing the job we have on
hand, securing a lasting
peace, and paying our war
bills for that peace. Then
the nation can turn all it's
energies to the business of
Prosperity.
New-York tribune., 1919-04-29
National Enameling Election

George w. Niedringhaus. Of st.
Louis, has been elected president Of
the National Enameling and Stamping
Company, succeeding the late F. A.
Kiechefer. w. II. Matthai was elected
a vice president and a director, and
Edward H. Schwartzburg was appointed
secretary
New-York tribune., 1919-04-29
Paris Bourse Quotations

PARIS, April 2s-Prices were ir-
irregular on the Bourse to-day. Three
per cent rents, 62 francs for cash. Ex-
change on London, 28 francs 45 CEN
times. Five per cent loan, 50 francs
~ centimcs. Tho dollar ranged from
Q francs centimes to francs 10 CEN
times.
New-York tribune., 1919-04-29
The Dollar in Foreign Exchange

Sterling exchange rates underwent
further improvement in this market
yesterday and brought revival of re-
ports that the British will ship gold
to this country from the South African
New-York tribune., 1919-04-29
;. W. Noyes Vice.President
OF Liberty National Rank

Sidney W. Noyes was yesterday
elected vice president of the Liberty
National Bank. Since his appointment
as an assistant cashier of the bank
about year and half ago Mr.. Noyes
has been in active charge Of the bond
department. of the bank.
New-York tribune., 1919-04-29
Money, Credit and EXCHANGE

mines in order to help settle the ad-
verse trade balance. Demand sterling
went to $4.67A, an advance of y cents
pound compared with Saturday. while
cables advanced to s4.6s1s, up Il.
French exchange displayed firmer
tone with a recover in check france
from 6.1O to 6.06M. Italian exchange
was also frmer The neutral ex
changes were steady to firm.
closing rates yesterday, compared
with week ago, follow:
(Quoted dollars to the pound.)
New-York tribune., 1919-04-29
Cuba Canes Policy Changed

LAS the largest producer of Cuban
raw rr sugar say Shonnard. Mills & Co.,
cuba Cane Sugar, now that salutary
changes are said to have been made in
the company's policy, cannot but help
higher"
New-York tribune., 1919-04-29
Royal Dutch Scars Again
Col. & southern's Oil Prospects

new railroad "oll stock" was dis
covered Yesterday in Colorado & South
ern, which rose to 29'a, an advance Of
terra who're a study has been made
OF the company'a prospects, it waa
atated that tta lines run through the
Ranger and Burke Burnett oil helda,
and that the outlook for increased
business waa excellent, Before tho gov.
ernment took over tho operation Of
the road earnings on the common stock
were said to range between $6 and 81
u share The Chicago, Burlington &
quincy holds controlling interest in
the company
New-York tribune., 1919-04-29
Wealth-Markets- s-Investme
Vanderlip to Sail May Z
Special Cable Service
Nfo,, VII. Tr..L

SpfcldI CdbIe SerUtre
NetO York Tribune
Copyright. 1919. New York Tribune Inc)
PARIS, April 2S.-Frank A. Wander
llp went to Brussels Tuesday, where
he will see King Albert before going
to Holland. II practicable he will cross
to England subsequently and sail for
New York May 7. The rumor that Mr..
Vanderlip would resign the presidency
of the National City Bank was denied
here at the offices of the international
Banking Corporation.
New-York tribune., 1919-04-29

Commerce Commission to hold it
down. People don't go into learned
arguments or whether the price of
oil should or should not be fixed high
enough to yield a fair return on in
vested capital. Capital gravitates
to the building up of industries
which are still permitted to make
profit.
Early fears on the part of the
banks on how the Victory Loan
would be taken, and a general con-
servatism in view of potential de-
mands upon them, have led many
institutions to forego as much as
possible putting their funds into
long term loans, or into any loans
with maturities of fixed dates. This
has led to a surplus of funds avail
able for employment in. call money;
the call money rate has been attrac-
tive; but it is perhaps this condi-
ton which has helped to keep call
money so easy in the face of the
greatest sustained rate of activitv
in year and a half.
Mr.. Hoover's calculation that
29,0OO,O00 tons, or $4,000, 100000
of food from this country before the
next harvest, will be required for
distribution in Europe is interpreted
in Wall Street as meaning the con-
tlnuance of high prices for food.
High food prices tend to keep I'D
wages. High wages tend to keep up
everything else
New-York tribune., 1919-04-29
Nominal,

MEOW ss given the current exchange
value of foreign money in dollars and
cents. together with the Intrinsic cola
parity, as calculated by tho United
States Minss WV N''''"
New-York tribune., 1919-04-29

The present practice of buying
railway stocks because they are oil
stocks, or because the companies are
drilling or are about to drill for oil
on their right of way, may not be
upheld as conservative, bit it fur
nlshes an illuminating commentary.
Why is the public excited by oil and
not by volume of traffic? Why does
1T think more of a railroad conduct
ing an outside business than of one
tending strictly to it's own? One
reason may be because the public
feels that the price Of oil will OF be
New-York tribune., 1919-04-29

The Tribune's average price, both
OF railroad and industrial stocks,
yesterday reached the highest point
so far this year.
New-York tribune., 1919-04-29
Finance - Economics

Copyright. 1919. New York Tribune Inc)
To-day the Steel Corporation will
make known what it earned during
the first three months of the year,
and will take the long awaited
action on an extra dividend, which
is widely expected to be reduced
from the l per cent. quarterly figure
declared last time. That hesitation
over the corporations earnings and
dividend yesterday caused a slowing
up of trading in Steel common
could be seen in the stock table. The
number of shares of Steel common
dealt in was little more than half
the number of Royal Dutch Petro
leum shares, and fell even below the
total Of Sinclair Oil.
New-York tribune., 1919-04-29

The Federal Reserve Bank of New
York has put in force the following
schedule OF redlscount rates which
apply =, bankers acceptances: Maturi-
ties up to Is days, per cent; 16 to 60
days, inclusive. AZ per cent; 81 to
30 days, inclusive, Az Fer cent.
Bank Clearings.-bank clearings yes
terday we're:
Exchanges. Balances.
New York. -. sac, ,4o4, ,220. $57, ,391 1888
Baltimore ..... 11,691,661 5,283, 1896
Boston ........ 40,356,949 14,162, ,609
Chicago ...<... 85,541,651 8,447, 1881
Philadelphia -. 58,183,030 14,165,424
Sub Treasury. The Sub-Treasury
gained $4,000 from the banks on Sat
urday.
Silver.~-London, 4s%d, down hd;
New York, $1.01M, unchanged; Mexi-
can dollars, 77Mc, unchanged.
London Money Market-LONDON
April 28.--Closing rate for money was
81 per cent. Discount rates--Short
and three onths bills, 3M per cent
Gold premiums at Lisbon, 92.00.
New-York tribune., 1919-04-29
Frisco-Oil Stock

The violent rises in some of the
nigh priced oil stocks have led to
lending on Stock Exchange collateral
which are understood to have made it
general rule to insist on 35 to 40
points margin on loans of this de-
scription The specialists in some of
these issues are said to have no idea
of where they stand.
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1919-08-21
Grandmother Knew

just what TO do to keep her family
rugged and we'll She believed in ma
lures remedy, the life-giving juices of
leaves, roots and herbs, which are
united in SEVEN BARKS and which
has been a standard and favoritc
remedy for Indigestion, Constipation,
Kidney, Liver and Stomach troubles
for nearly so years.
You cannot be constipated and
happy at the same time. If you have
a bad taste in the mouth, foul breath,
furried tongue dull headaches, drowsi
ness disturbed sleep, mental depres-
sion, yellowish skim then you are con-
stipated, and SEVEN BARKS will
quickly relieve this disorder, which is
the result of liver arrangement, and
severe digestive disturbances.
Be prepared for these emergencies;
always keeps SEVEN BARKS on
hand, and take from 10 to 20 drops in
a little water after meals, and it will
quickly cause the bowels and liver to
act normally.
If you want to get the greatest effici-
ency out of your body, you should take
SEVEN BARKS, so that the stomach
may do its best work, and not be handi-
capped by the burdens we foolishly
sometimes put upon it. For sale by
druggists. Price, SO cents per bottle.
O
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1919-08-21
People COnstipated
and Don't Know 1t

1t seems odd but It is true, that you
may be constipated and not know it,
You can see why it is. Take
glass and pour in water until full. If
You keep on pouring in water after
the glass is full, It Will run over, but
the glass stays full.
Just so with your bowels; they get
full of waste matter, and then they
pass off or expel from the body only
about the same amount that goes into
ii in the form of food. .st
So you may have a movement OF the
bowels every day and yet there Will
remain waste matter that ought to be
removed.
Give your bowels a gentle hut
thorough cleaning out and you'll feel
great,
i fine prescription for this is put up
and sold under the name of DIR. True's
Elixir. Doctors and druggists use 1t
In their own families. Costs but lit
tie and brings health to men. women
and children. Sweet and pleasant
tasting Works gently. Children like
II. Remember the name. DIR. True 8
Elixir. --4---ssh m " &&5liif AEitllii
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1919-08-21

Perry, jr, are visiting Mrs. Fred Hull
in Nottingham.
Mr.. and Mrs. Arthur Chase and son
Harold of Greenfield were over Sun.
day guests of Mr.. and Mrs Herman
Jewell.
Mrs. Arthur Hawkes. and niece
Miss May Wellman of Camden. are
visiting Mrs. Hawkes. sister, Mrs. w.
o. King.
b. d. Jewell of Whitingham and
daughter, Mrs. Charles Fisher OF
Connecticut were at F. NJ Sprague's
last Friday.
Mr. and Mrs. W. L. Crosier and Mr..
and Mrs. d. w. Gore and children,
Dan. jr.. and Lena motored to Albany
N. Y, Sunday.
Miss Lera Harrington OF Spring
field, Mass, who has been spending
her vacation with her aunt, Mrs. II.
F. Jewell, returned home Friday.
Mrs. C. F. Allis and daughter. Ber-
tina OF Maiden Mass, who have been
spending few weeks at the Cottage
House, returned home on Saturday.
Miss Mildred Ward and Jean Fish
err of Greenfield. Mass, and Malcolm
Ward of North Adams were over Sun
day guests of Mr.. and Mrs. c. G..
BrowE.
Rev. and Mrs. C. A. Boyd and
friend Miss Esther Hedges of Ro
chester, N. Y, have returned from an
auto tour through the Catskills and
northwestern Connecticut.
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1919-08-21
Birds and Flowers.

1t has been estimated that there are
1000 varieties of wild flowers growing
in the Rocky Mountain National park
and more than 1900 species OF birds
building their homes in the frs. 40
pens, spruces and willows of that sec
ton. Even The tiny hummlng bird and
the forget-m a-nots find life easy on the
summit of Pixies peak. Some of the
other flowers are the frlnged gentians
colulnbine buttercups and daisies and
delicate pinks.
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1919-08-21
READssoRo

Miss Irene Whitney spent Sunday
at her home in Stamford, VT,
Miss Bertha Hicks OF North Adams,
Mass, is the guest of Miss Caroline
BrowE.
Miss Blanche Sprague was blsi-
ness visitor in Greenfield the first of
the week.
Miss Rose Hush of Cohoes, n. Y.
is visiting her sister, Mrs. Edward
Letourneau.
Mrs. A. Perry Bishop and son