davidaulloa/AmericanStories huggingface dataset:
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1919-03-20

with his grandparents Or. and Mrs.
J. ". Naylor al Caycc.-fslenn Roach
Of Moscow spent Friday night AZ the
home OF his aunt Mrs. &. l.. Bryant
nd family.-Irs. \. NJ. Roper visited
her daughter Mrs. Rob Johnson az
Cayce Tuesday Miss Jessie Sloan
and brother John visited i'm Cayce
from Saturday until Monday.-Miss
Rubyc Norman spent from Friday I'M
I'll Monday with her parents at Fulton.
The young people enjoyed a party AT
the home of Mr. and Mrs Arthur RO-
per Thursday evening Miss Tommie
Clark has resigned her position AT the
office Of the Mayfield Wooden Mills
where she has been working for sew
eral months. and has gone TO Clarks-
dale. Miss where she has accepted
position as stenoSrapher with the sgd
y. Dodds Wagon CO.-Mrs. John Ran
Kin WAS in Hickman Thursday.-Mrs-
Matte Leip and daughter. Mrs. YES
ter Phillips. Of Jordan. visited her son.
Drew Leip and family Wednesday,
Miss Mayme Asben OF Cayce spent
from Monday until Wednesday with
Miss Jessie Sloan.-Mr. and Mrs. W.
". Prsuett and son were in Hickman
Wednesday.
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1919-03-20
49, TO SO FEET.
"eeent Heavy Rains Bring River Up
Crest by Tuesday.

lie heavy rains the first Of the week
nave started the Mississippi 10 climb
'ns up TO an uncomfortable stage
Wei posted rivermeu predict "a
stage OF between ~ and 80 feet on the
Sairo guage-if no more rains fall
= ne crest is expected here Monday OF
tuesday. However. thi. will not be- as
nigh as Ia 1916. when the maximum
reading was 534 on February 4. al
Saifo. BY way Of comparison II might
De Stated the highest water in many
years was In 1913 pn April Z the
,alrO guage read j4S
The guage az Hickman shows rise
OF - inches from O'Clock "Wednesday
morning 10 ! o'clock this morning
letter than an inch an hour
While many lowlands are already
Inundated. no apprehension is felt for
iind protected by lcyec or the west end
q town. projected by the city lexee
HE gate 20 the big sewer under city
iefee has been closed and cauiked. and
the water Ia sight j. NOT enough t0
cause any,unea sineSs.
The Cairo guage this morning h. ap-
proximateiy 40. ana - IS expected
by Saturday.
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1919-03-20

were scared tell them the war pictures
look pleasant and set that Is not real
war.
On the 18th month. 11th day. 18th
hour about twenty minutes before the
time the arnisficc the Nanks were
sending those big g. l. cans So fast 20
the Bosch Thought of the remark
thaf Gen. rer~hing made when Dee said
"Ilcil. Heaven or Hohoken. hy Xmas"
Then shortly everything was as caim
as the sea- That was the sweetest
music I ever heard not 10 be- any mu-
sic there
Vow have already said too much.
30 please pardon me as this is my frs;
time and ! win nor annoy you this
way again soon and II Won haven't
room FOR it in your paper perhaps YOU
have roow Tor D. in your waste basket
With host regards 90 an etc.
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1919-03-20

There are two or three negro dray-
drivers in Hickman that are going 10
have To be- soaked with brick before
they learn that the whole street was
not made for their private use and
benefit
Garden rakes and hoes BOndurant
Bros.
Miss Mary Strange spent the week
end with her mother AT Fulton.
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1919-03-20

the firing line "a number Of times. also
IN Germany and other countries over
there-MisS Jessie Sloan and brother
John spent Saturday and Sunday with
Mr.. and Mrs. Arthur Allen--Will Bur
cham spent Saturday night with Clint
BuTcham.
New-York tribune., 1919-05-09
Relevant Comment
The DAVIS Market

The average price Of the thirty In
dustrial stocks and the twenty rail
road stocks used in The Tribune's daily
table advanced to a new high record
for year yesterday. The stock market
again developed broad proportions with
dealings in more than 800 stocks and
a turnover of 1,765,90O shares, the
largest of any session since December,
1915.
Spectacular advances in many of the
industrial issues featured the days
trading, which was the twenty-frst
consecutive session in which dealings
have exceeded the million share mark
Texas Company created a sensation
with an early advance to 2691a, gain
over Wednesdays closing of 1919
points. The stock later declined to 264
but closed strong right at the top price
of the day. Other oil shares were ir-
regular. Texas & Pacific, one of the
so-called coil rails" advanced SIS
points to 50%, on dealings of approxi-
mately $4,000 shares, making this the
most active stock on the list.
Other strong industrials we're Cuban
American Sugar, General Motors
American Woolen, American Ice, May
Department Stores, Industrial Alcohol
Central Leather and Barrett Company
Railroad shares continued firm.
Trading in bonds was somewhat less
active and the Liberty Loan issues dis
played irregu ;arity with the second
third and fourth, 4As closing slightly
lower.
New-York tribune., 1919-05-09
Finance : Economics

of such experience prompts the un-
dying solicitude for the money mar
ket. A commission house letter will
say of morning: "The outlook is
for a continuation of the upward
movement unless money should be-
come tight" Yet current notions of
just how q bull market increases
bank loans are sometimes amazingly
vague. People talk Of possible tight
money because we have just had
twenty one consecutive million
share days. But more activity,
which means the rapidity with which
stocks change hands, need not in
itself cause a dollars increase in
Stock Exchange loans. No matter
tow many times shares are swapped
about; there need be no more in
brokers' loan envelopes at the end
of the day than at the beginning
And volume of loans must depend
on the volume of stock put up as
collateral.
New-York tribune., 1919-05-09
M arkets ets-Investments
Wells Fargo Shows
Deficit for 1913
Transportation Charges De-
cline S25,679,946 During
the Year

The annual report of Wells, Fargo
& Co. for the year ended December
81, 1918, shows a deficit of s2,17o O84
compared with a surplus for the pre-
ceding year of $1,624,852. Transporta-
ton charges were $34 ,115,9O2. This
represents the enormous falling off Of
$25,679,946 in the companys business
in 1918. Net revenue was S16,S79 $40.
To this amount other income of $643,-
TIA was added, bringing the total oper
ating revenue to $17,023,354. Operating
expenses were $19,993,35S, leaving a net
loss from operation of $2,97O,003.
In the remarks to the stockhc lders
B. D. Caldwell, president, estimates
net income for the calendar year 1919
at $780,000, or about 31A per cent on the
capital stock. The balance sheet sur
plus of $3,278,369, he says, may be fur
ther reduced by pending claims TO the
tlon in securities and real estate was
$2,00O,00O, exclusive of questionable
value of 10,50O,000 American Railway
Express Company's stock and depreci-
alton in book value of $500,00O stock
in Wells, Fargo & Co.'s Mexican EX-
press. He deems it inadvisable to re-
sumo payment of dividends until the
situation clears.
Mr.. Caldwell also said: "The period
from January to June, 1918, inclusive,
was most difficult one as affecting
not only the current operations, but
the future interests of the company.
The loss of it's contracts with the
railroad admins ration for continuing
its individual operation eliminated in
an enforced retirement from domestic
express operation and the trans
fer of the company's property used in
the express business to the American
Railway Express Company on June
80. 1918.
"The operating conditions of 1917
became progressively worse in 1918,
with the result that the company was
subjected to heavy lorses--the loss
and damage account alone increasing
in 1918 100 per cent over the same
period of the year before and being
four times more than in 1916"
New-York tribune., 1919-05-09
AS successors to the "oil-rails, F"
enter the "silver-coppers."

AS successors to the "oil-rails, "
enter the "silver-coppers."
In four ways can Stock Exchange
loans increase. CD By a rise in
prices. Loans can increase roughly
in proportion to the percentage in
crease in the value of stocks, though
they need not necessarily do so. In
dustrial stocks have advanced in the
last three months from 70 to 90, a
gain of "a per cent; railroad shares
have advanced only 7 per cent. GU
BY the issue of new securities.
These have been negligible. 90 By
thinner margins. But as the mar
ket has been going up, margins have
been getting thicker. Instead of
being on brokers request, it has
been mainly because the customers
themselves were anxious to protect
their positions. (4) Because invest
ors, tempted by high prices, take
their stocks out of safety deposit
vaults and sell them to the Street,
where they are carried on margin
and used in bank loans. But it has
not yet been demonstrated that this
has been widely going on, or off
sets the reverse movement. The
chief factor in the present money
market continues to be the Victory
loan and government operations.
New-York tribune., 1919-05-09
Burns Bros. Net Profits
Equal to $I3.7l a Share

Report Of Burns Brothers, coal
dealers, for the year ended March 81,
1919, shows net business of s21,2ss,-
$40, compared with s2O,9S4,4S for the
year before. Cost of production was
$19,oo6,7s9, leaving gross profits of
s2,2S0,OS1. From this amount expenses
and taxes aggregating $1,386,O13 were
deducted, leaving $894,O68 balance.
Net profits were $1,136,442, equivalent
after s1O6,435 in preferred dividends,
to e$13.71 a share on the $7,508,200
common stock. This compares with
s1,449,S33, or $1S.6S share, earned in
the preceding year. Common dividends
paid to stockholders amounted to s719,-
407, leaving surplus of $310,600.
New-York tribune., 1919-05-09
To Transfer Oil Properties
Tepetate's Mexican Holdings
Go to A. e.. & w. /.
Financial Bureau

Special Correspondence
TAMPICO, Mex, May 8.-~Final ar
rangcments have BEEN made for the
transfer Of the Mexican holdings Of the
Tepetate Petroleum Company Of Tam
pico to the Atlantic, Gulf g. West Indies
Steamship Company. 1t is announced
that two subsidiaries will be organized
under the laws of Mexico to operate
tho properties. One Of these new cor
porations will bc called the Agwi Rein
ing Company and the other the Agw
Pipe Line Company Of Mexico. Joseph
r.. Gugpcy will be president of the hold
ing company which Is to pc organized
the right Of way for the pipe lines that
are to be built to connect the wells at
Amatlan and Chconcillos with the ship
ping terminals is now In progress.
New-York tribune., 1919-05-09
Oil Flow Increasing
Central West Texas Fields Pro-
ducing 10000 Barrels Daily
Financial Bureau
.Cpcciul CC1reAboudeuca

AUSTIN. Tex, May s.-~The central
west Texas oil fields show a daily
average increase of production Of about
1900 barrels, or at tho rate of nearly
$4,000 barrels year. The present
daily production of these fields aggre-
gates $4,000 barrels. 1t is expected
that by the end of the present year
the total production of the state will
be at the rate Of more than 1h0,OoO.Oo0
barrels n wear.
New-York tribune., 1919-05-09
Gulf Pipe Line to Develop
New Deep Water Port
Financial Bureau


Special Correspondence
QUINTANA, Tex, May 8.-Extensive
plans for making Quintana a deep
water shipping port for its oil produc-
ton in the West Columbia field have
been adopted by the Gulf Pipe Line
Company. 1t has purchased water
front tract of land Of ten acres upon
which it will build piers, install load
ing facilities, pumping station, steel
storage tanks and erect d number of
cottages for it's employees. 1t is stated
that the company also contemplates
importing Mexican crude oil through
this port.
New-York tribune., 1919-05-09
Stocks That Are Moving

The short interest in American Hide
and Leather preferred is said to be still
very large, and talk persists that the
plan for liquidation of the back divi-
dends will soon be made. Absorption
of the Marine issues had tie earmarks
of first magnitude sources. There is
quiet buying of equipment stocks.
Railway Steel Spring is especially
favored.--E w. Wagner & Co.
New-York tribune., 1919-05-09
Cl,ileans Visit Philadelphia

PHILADELPHIA May 8.-The Chilean
financial commission. which is visiting
the United States with the view of ex-
panding trade relations with Chile,
came here to-day for a two days
visit. The commissioners were well
coined by committee of business men
and were entertained at dinner at the
Union League. Later they visited the
Baldwin Locomotive Works and the
Cramp shipyard
New-York tribune., 1919-05-09
Steel Foundrics Dividend

ported unofficially that the new COM
mon stock will be put on an annual
dividend basis of So a share at that
time. Earnings Of the company in the
first quarter of the year are said to
have approXimated 81, 400, 900, or almost
enough to meet full years dividends
Mt fhe S2 rata
New-York tribune., 1919-05-09
Market Opinion
Issues That Look Good

Copper issues look good, especially
Inspiration, Chile and Greene-Can-
anea. With an open market for silver
metal, the silver issues should be at
tractive for the pull. Among the good
silver stocks are Anaconda, American
Smelling and some of the good low
priced Questionable Bros. G. Co.
New-York tribune., 1919-05-09
AppreciatiOn

Quite few people assign the recent
movement in the cotton market to bull
speculation, buS to our minds the rise
is the natural result of appreciation of
cotton itself by trade interests.-Orvis
Bros. g. Co.
New-York tribune., 1919-05-09
Sumatra Financing Plans

Plans for the new financing of the
American Sumatra Tobacco Company
are said to involve the issue of &c.
100000 of ten-year per cent sinking
fund debenture bonds, convertible into
common stock at par for period of
thirty days after date of issue, and
thereafter at 40. A syndicate is being
formed to underwrite the issue. The
proceeds of the issue will be used for
deve lopment work
New-York tribune., 1919-05-09
The Liouidated Coppers

We believe that the coppers can be
bought for good rise. They have
been thoroughly liquidated and there is
ket.-Wrenn Bros & Co.
New-York tribune., 1919-05-09

The Federal Reserve Bank Of Now
York has put in force the following
schedule of rediscount rates which
apply to bankers' acceptanccs: Maturi-
ties up to is days, per cent; 1s to so
days, inclusive. Az per cent; 81 to
90 days, inclusive, Az Per cent.
New-York tribune., 1919-05-09
The Dollar in Foreign Exchange

The foreign exchange developed
irregular tendencies yesterday. Rates
on Paris and London were firmer
while exchange on the Scandinavian
countries eased off on increased
offerings.
Quoted dollars to the pound.)
New-York tribune., 1919-05-09
G. of V. Comnensation

WASHINGTON, May 8.--The Central
Railroad OF Vermont will receive $685..
900 annual compensation from tho gov
ernment under contract signed to-
day by Director General Hines,
New-York tribune., 1919-05-09
Increases

American international Corporation
The regular quarterly dividend has been
n share. payable Juno 80 to stockhoiders
Of record Lune iG.
New-York tribune., 1919-05-09

1t is undeniable that an increase
in bank loans usually accompanies
a great bull market. Recollection
New-York tribune., 1919-05-09
Dividend s
Extras
Underwood

Underwood Typewriter Company
Extra dividend of So per share on the
common stock has been declared, pay
able In Victory notes. In addition TO tho
regular quarterly dividends of So a share
on the common and sl.75 share on the
preferred stock. all payable July l to
stockholders of record June s.
New-York tribune., 1919-05-09
Silver Goes to $I.O5
Market Goes Higher Here,
While London Is Unchanged

Sales of commercial bar silver were
negotiated in this market yesterday at
$1.031a to S105 an ounce, compared
with a quotation Of $1.01 - on Wednes-
day. The bulk of the silver was taken
by the trade, although some purchases
were made for export.
Dealers in silver said that the fact
that the price Of silver in his market
advanced while there was no change in
London, where the metal held un-
changed around $1011 u, was significant,
in that it indicated that the local mar
ket was breaking away from the tradi-
tional control exercised over silver by
the English.
Japanese traders are reported to have
been heavy buyers of silver in Mexico
in recent months, shipping the metal in
bond through the United States to
coast ports for consignment to Japan.
Much of this silver will eventually be
resold by the japanese to Chinese mer-
chants.
LONDON, May S.-J. Austen Cham
berlain, Chancellor of the Exchecquer
announced in the House of Commons
to-day that in view OF the removal of
the maximum price for silver bullion
in America, an order was issued to-day
for the removal of the maximum price
in England.
New-York tribune., 1919-05-09
Consolidated Exchange

tUnt of trade on this exchange, 10 shares
Transactions and prices yesterday for the
more active shares follow:
New-York tribune., 1919-05-09

holdings of f251, ,5S3 over the previous
week. The proportion Of the bank s
reserve to liability this week is 1888
per cent; last week it was 1888 per
cent. Other changes follow:
Gold ..... S85, 1887 1895 Inc. s251 1,5s3
Reserve -. 2a,5s4,ooo Inc. $4,000
Circulation. 76,771,O00 Dec. $4,000
Public dept. 23,692,OOO Inc. 1851 900
Other depts. 15,159,OO0 Dec. 1851 900
Gov. sec't's. 57,562,OOO Dec. $685., 900
Other sec't's 7s,477,oo0 Dec. 2,75O,ooo
London Money Market.-LONDON
May 8.-Closing rate for money, 3B per
cent. Discount rates were: Short and
three months bills, 35s per cent. Gold
premium at Lisbon, 110.
Bank of FTance.-PARIS, May S.
The weekly statement of the Bank of
France shows the following changes
in francs:
Circulation .34,42e,e63, $40 32e.355.s1o
Treas. depos. 21,e17,061 *2ooo4, ,339
Gen. deposits. 2,946, ,159,267 64,o53, ,257
Bills disc't'd.. 1865, ,107, 1863 21,262, 1897
Advances -. 1,193,395,386 24,3o9, 1886
Gold in hand. 5,45s,212,764 47e,7s4
Silver in hand. 307,683,213 *2,076, ,787
New-York tribune., 1919-05-09

Siiver~--London, 4sMd; unchanged;
New York, $1.03A N1.o5; Mexican dol
lars, 7aH031Hc.
sub-Treasury. The Sub Treasury
gained 32,sz5.ooo from the banks on
Wednesday.
Bank of England. london, May g..
| The weekly statement Of the Bank
OF England shows an increase In gold
New-York tribune., 1919-05-09
Wall Street Items

Robert McKelvy, Frank Haskell. Ak
tell j. Byles and Charles D. Norton have
been elected directors of the Tidewater
Oil Company. Mr.. McKelvey was also
elected a third vice president and Frank
A Marsellus was appointed assistant
treasurer.
New-York tribune., 1919-05-09

James D. Gallery and George II. Rus
sell have been elected directors OF the
American Window Glass Machine Com
pany, succeeding Hay Walker, jr., and
Charles King.
New-York tribune., 1919-05-09
Copyright. 1919. New York TsMune Inc,

copyright 1919 New York TrkIne Inc,
The record grows monotonous.
Yesterday was the thirtieth million
shares day of the year. Transactions
of 1,765,900 shares made it the
most active of the year. The Trib-
une's average price Of railroad and
industrial stocks both reached new
high levels for the year. A railroad
stock went up 6 points, a woollen
stock 10, and an oil stock 20, all
without causing more than routine
comment.
When some people talk of the
"specialties" they may mean every
thing but Steel common.
The wheat crop Is more miracu-
lous than ever. Yesterdays gov
ernment report, not appearing un-
til forty-five minutes before the
close Of the stock market, showed
q condition of winter wheat on May
1 Of 1905, compared with 99.8 a
month ago, in spite Of the general
estimates in the trade that condition
would show some falling off. Aban-
donment of $4,000 acres was the
smallest on record, and compares
with 100000 acres abandoned
year ago. The condition of 1905
compares with ten-year average at
this time of 85.4. To say that it is
the greatest wheat crop in our his
tory Is the mildest way of stating
it. That is why experts point out
that the indicated crop of 900,-
100000 bushels of winter wheat is
greater by 100000 bushels than
any pre-war crop of winter and
spring wheat combined.
So many people lost all restraint
in their desire to get some Texas &
Pacific stock yesterday at a price 6
points above the price of the day
before that 10000 shares of the
issue changed hands, though there
are only 387,63S altogether out
standing. At that pace the whole
road could change ownership in less
than three days. Its rate of turn
over was twelve times as fast as
Steel commons.
New-York tribune., 1919-05-09

+. NJ. Amory was presented with bou-
quet of American Beauty roses yesterday
by his follow members on the New York
Stock Exchange. MIR. Amory has been y
member of she exchange ffty years
New-York tribune., 1919-05-09

The Bankers Trust Company has been
appointed transfer agent for the Dolores
Esperanza Corporation.
New-York tribune., 1919-05-09

Charles r.. Rex and Edward 4. Reynolds.
formerly with the export department of
the Irving National Bank. have formed
\ partnership under tho name of Rex g.
Reynolds Company to engage IN an im-
port. export and forwarding business
New-York tribune., 1919-05-09

Jules Meas, Frank L. Van vii. Ramiro
Aifert. julius Joseph Runge and Otto Glo-
gan have been elected members of the
New York Coffee and Sugar Exchange.
New-York tribune., 1919-05-09
Money, Credit and Exchange

Call money opened and renewed at
51a per cent yesterday, compared with
ruling rate Of 4 per cent on Wednes-
day. In the afternoon the quotation
for mixed collateral fell to per cent
All industrial loans were II of l per
cent higher.
The time money market was quiet
A small volume of money was loaned
and renewed at 5A per cent for sixty
and ninety days.
The ruling rates for money yester-
day, compared with a year ago, were as
follows:
Yesterday. Year ago
Per cent. Per cent
Call money:
On mixed collateral 5Ia 6
On indus. collateral s
Time money (mixed collateral):
Sixty days. ......... 524@6 6
Ninety days........ 5000 Q
Four months .534@6 s
Five to six months. 5A@6 8
Bank Acceptances.-Rates were un-
changed yesterday.
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per centPar cent.Per cent
Eligible
member
banks ....4h@4 4M@4h 4h@4N
Eligible
! non-meu-
Der banks.4h "a 4s@4I4 43a@4h
Ineligible
bank bills.5N@4Ia 5M@4Ia 5I4@4a4
For delivery within thirty days:
Per cent
Eligible member banks. ....... 41r
Eligible non-member banks. ELa
Ineligible bank bills. s............
Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercia
paper for all periods up to ninety days
New-York tribune., 1919-05-09

The membership of Anson w. Hard has
been transferred TO William c. Taggard.
New-York tribune., 1919-05-09
Regular Declarations
Stockholders

of
stocis. rate aud period. Payable record
Niea- nem't-P'd. u rf. .. May 20 May \
40, com ..'....s ,.'., -, June 20 Juno
Pratt s. Whitney. J com. c. May 20 May
SO Pacific r +. $3.50. July ! May 8l
I'm Pac II, S2.b0 com - July 1 June
New-York tribune., 1919-05-09

The governing committee OF the New
York Stock Exchange rendered compli-
mentary dinner at the Union Club last
night to II. q. S. Noble. who Is retiring
as president of the exchange, after Ave
years OF service.
New-York tribune., 1919-05-09

The New York Stock Exchange mem
bership OF w r.. Klein was transferred
Yesterday to Hollyday S. Needs. jr.. for
New-York tribune., 1919-05-09

When some people talk of the
"specialties" they may mean every
thing but Steel common.
New-York tribune., 1919-05-09

Government Loan Organization
Second Federal Reserve District
Liberty Loan Committee. 12o Broadway. N. Y.