davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-01-21
Lamont Sails Saturday

Thomas w. Lamont, of J. P. Morgan
g. Co., who, with Albert Strauss, vice
governor of the Federal Reserve Board
was last week chosen as financial ad-
wiser to the American peace commits
sion in the official capacity of repre-
sentatives of the Treasury Department.
said yesterday that he expects to sail
for Europe Saturday.
New-York tribune., 1919-01-21
Z o m m o ditie S
, u S t G n a nc G
Cereals

Whcat.-The governments nrob1or,
IN respect to wheat appears To he
growing more complicated, as BUYERS
OF all commodities are demanding a
downward revision of prices. Wheat ;s
commanding good premiums in ali the
American markets and F. G. Crowell.
acting head Of the grain corporation
or the food administration, is quoted
as saying that there will be no change
IN the progress of handling this wears
wheat crop .
AT the same time there anDears TO
be distinct halt in the EXPORT demand
1or wheat and flour, and whether cor
rectly CT not the impression has rained
ground that foreign needs are NOT as
great as have been estimated Juiins
Barnes, president Of the grain corpor.
alton, Is expected to sail for home
from Europe this week and is believed
to be bringing Mr.. Hoover's plan for
the distribution of foodstuffs. The
trade IN America is anxiously awaiting
deilnite statement as to the position
OF the American markets, and until
this is defined II nervous undertone is
anticipated.
Corn.-The corn market experienced
another sharp decline, prices breaking
3 to cents per bushel despite the fact
that the market last week declined 8
cents and was thought to have become
cversold and technically strong
The cash position was also weak, and
the TACT that many grades of cash corn
arc now selling at a parity with con-
tracts served to increase the bearish
fecling. The question whether the
price of hogs will be maintained by the
government is believed TO be the kew
70 the future OF the corn market. Dur
ing the past few days there have been
New-York tribune., 1919-01-21
Will Reship British
Securities Held i'm
U. S. as Collateral
War Committee Orders De-
mobilization of Issues
Borrowed for Rectifying
Adverse Exchange Rates
Nc1u York Tribune
EuroT can Bureau

LONDON, Jan. 2O.-The Dollar Sc
curites Committee formed here at the
end of 1915 has taken the first steps
to demobilize the securities borrowed
for rectifying the adverse American
exchange position. TIE securities re-
turned CONSIST III South American and
Canadian stocks.
The action of ,he Dollar Securities
Comm ttce, it was stated yesterday at
the Offices of j. P. Morgan & Co. fiscal
agents of the British governm ent, PROB
ably means an early reshipment to
Eng and OF the large amount Of British
owned securities he'd on deposit here.
These securities, consisting OF varl-
city OF stocks and bon4s, were shipped
TO New York from Lonuon IN 1910 and
1911. 20 &C. mace tie basis as co-la,era4
fNr 24.t.sn governments war .O4.4s HO-N-
ed III Inns ma. s.cU.
Only a comparatively small por-ion OF
the mob. .l2eI securities hau Docn L ed
for This purpose when tie Unitec ale5
entered t..e aa1 and Degau max llg
creQit advances to Great Britain. rlus
making /, no longer nee ssaiY 10 usl
the securities - Collateral for open
Aaagket cams. 1t has been estimated
that ia aJuit.on to the 9-,50oto0o,UVO
in British owned secuIl les that were
NQui4ateI ION raising money for Wai
purposes, onward u 3lsVpp,Yye e.0vV ol
British owned sccuIiiies We're moDli-
ized by tae British freA urs Uar. OF
which were sent over here TO be used
fey collateral ioan pa poses Low
much SUI remain Unp-eo@c q is known
only by IN DanAers, although IL was
seated yesterday tnaS The amount is
large. and probably p,ns ilto the hun
dreds OF mill oi ool drs.
The British government under COX a
with regard t. foreign securities he d
by it. peopla IL 1915 English investors
we've compelled UnAer an official order
to tuln their lore gu securities over 10
the Treasury which was given permis-
SION either 10 borrow n securities or
sell them, the own. ) being given rea-
sonable computation. By the eatly
part Of 1877 the British Irea ucy had
teered in more than $1,000 30o.0Oo
worth of securities which wore shipped
to the United Sla.cs. lhe las avail
able estimate OF the amount o such
securi les unsold or unpie4ged and on
deposit win New York banks put the
tota| i. S,0O.OOV, V,00G.
ALTHOUGH details Of he demo5i "a
ION scheme have not been recsiqed by
the bankers, it is beieN d It IS he
plan o he British Troasu now to
return the securities to the English in
vestors who loaned them for use in
come sction with the exchange stabll-
cation programme.
New-York tribune., 1919-01-21
Relevant Comment
Harding to Address Business Men

The problem of developing large
volume of self-liquldating prime
paper, such as bankers and trade ac-
ceptanccs. that will enable the Federal
Reserve system to function to the full
extent that its machinery contcmplates
will be dealt with this afternoon at a
conference Of husinc men in he
assembly hall of the Merchants Asso-
clatlon n the Woolwortn BuildinF W.
p. G. Harding governor Of Sh.s Fed
erai Reserve Board, and Paul NJ War-
burg. formerly vice governor Of the
board, VIII address the gathering To
I'D IN the creation Of wider discount
market the American Acceptancc
Council will he launched and viii take
over on p lar~er scale tho work that
for q year the American Trade Ac-
ccptance Council his done.
New-York tribune., 1919-01-21
Foreign Loans in United States

According to a Wall Street compia-
tlon there are now outstanding approx
imately $1,000, 100000 Of foreign loans
fioated in this country exclusive of the
credits extended to the Allies by the
United States government. Of the for
elgn loans made fore this country
entered the way Sl,e40,0 100000 were
made to governments. S213 100000
we're state and municipal toens soc
Qog'o0o were loans 10 foreign railroads
md about 100000 600 constituted
ioans TO foreign public utility and in
Gustriai concerns.
New-York tribune., 1919-01-21
Hide and Leatl1ar Plan Reported


One of the few industrial shares chat
stood its ground in yesterdays declin-
ing market was American Hide and
Leather preferred. That issue sold as
high as s47s and closed ~ uoirts up
at S312 on turnover of 12,200 shares.
1t was reported in connection with the
rise in the stock that tentative organ
lzation plan has been drawn up where
by the S3,011,0 ,000 bonds will be paid
of on maturity next September and
the holders of the $l3 100000 of pre-
ferred stock will receive new per cent
preferred, dollar for dollar. 1t is also
said to provide for the issuance Of
10000 shares Of new common in ex-
change for the $4,000 shares now out
standing. 1t is proposed to pay off the
1l5 per cent in back dividends on the
preferred with new common stock.
New-York tribune., 1919-01-21
Butter, Cheese and Eggs

Butter.-Receipts were 6.727 pack
ages. Creamery, higher than extras 10,
6212 a 63c, extras. % score. 81 L U62c:
tirsts. SO 10 81 score, $50 Gle; seconds. s.
to SO score, 56M 5Sc; lower grades, o2a
55c; unsalted, higher than extras. 90 =
a65c; extras. So II d64c; frsts, el9
63c; seconds, 57a60c; state dairy tubs,
a9c; common to fair. 52r soc; renoyaf-
ed, extras. $50 sac; frsts, 5la52c;
lower grades, IL "a 4Sc; imitation
creamery. firsts, Il Y M.4Sisc; iadies,
current make, frsts. 40 L q 46 lzc; sec
onds, 44c; lower grades. 42@ $S'se'
packing stock. current make, Nc !,
49, a 44c; No. 2, 42i2 q 43c; lower
grades. 37W42c.
Cheese Receipts 397 boxes. State
whole milk. fresh. flats. specials
colored or white. 10, 36c; average run
DOC; lower grades, 32a "a &c; TWINS,
specials, Soc average run. Soc; lower
grades. 32@ "a l9c; flats. held. 81 y q
3Sc; twins. held, 37l4 a 3sc; "iscon-
sin. whole milk, twins. held. 81 Z q Ssc'
37la n3Sc; double daisies, held, 81 "a
3Sc; fresh, 81 II 03sc; young Americas
held. 39d40c; fresh. ssh a 40c; state,
SKINS, specials, 2S@29c; prime TO
choice, 26a27c; fair to good, 2OG25c;
lower grades, 12M1Sc.
Eggs Receipts were 6,47S cases
Fresh gathered. extras. dozen. Ga aseS.
65c: extra iirsts, 63@64c; srsts
81 y "a 62 1ac; seconds and poorer. $50
6lc; dirties. No. 1. 56G57c; No. , and
poorer. 53N55c; checks, good to choice,
dry. a9@5lc; under grades. Asa iSc;
refrigerator, 4S@5sc; state. Pennsyl-
vania and nearby Western, hennery
whites. fine to fancy, 7om 7sc; ordinary
to prime, 64@e9c; gathered whites.a|
ordinary TO fine. 6s1 zoe: pulieY
whites, 62@ 64c; Pacific Coast whits i
extras, zoe: lower grades. 6s@6Scd
Western and Southern, gathered
whites. 63d6Sc; state. PennsylvanM
31s
Continued ~. .anne kanef.,e E
New-York tribune., 1919-01-21
b. & o. Notes May Be Extended

The officers of the Baltimore e. Ohio
Railroad are preoccupied with the task
of making arrangements for $22,5 ,5O0,-
600 of notes which mature on Fcbru
ary next. 1t is understood that the
road has asked the War Finance Cor
poratlon for financial aid. The i'm
preston has developed that the notes
Wlll probably be extended.
New-York tribune., 1919-01-21
Sherman Allen Comes to New York

WASHINGTON, Jan. 20.--Sherman
Allen has resigned as secretary-treas
urer or the War Finance Corporation
bank. and will be succeeded in,r ar III
ateiy by r. Reyburn Burklin, now as-
sistant secretary-treasurcr
New-York tribune., 1919-01-21
Money and Credit

The improved cash position OF the
banks, as disclosed in the Saturday
statement, made possible larger offer
ings Of call money in the loca! market
New-York tribune., 1919-01-21
The Dollar in Foreign EXCHANGE

A slightly broader inquiry for de-
mand sterling bills caused hardening
in the rate on London yesterday Other
exchanges were quiet and steady.
Closing rates yesterday compared
with a week ago, follow:
(Quoted dollars to the pound.)
New-York tribune., 1919-01-21
To Holders of
Cities Service
Company
Convertible Gold Debenture,
Series 8, Seven Per Cent

Holders of the above Debentures
he permitted to convert. on ana siA
February lst. 1919, ten per centrn, ale silsf
OF the aggregate principal ano,aNs. aN.Ftl
Series Dehentures owned by them s'
spective!y on January LIST. 1918 Upon = n
livery by such owners OF Series u M M, us'
lures to he converted (properly enSaEeaa,. soea,
II registered to Messrs Henry / npcSnss ncSDss
& Company. Fiscal Agents. such JDeas'9 Das
lures viii be converted into Cities Soa.
Company Preferred and Common stocts ee
the basis set forth in said Series n M nj p
lures, certificates for which stocl,s sosh. tis
then be issued ana transmitted ~ slM AM
owners In the amounts respectively a., oeeh
similar privilege vas extended to hojd,.A.
of record December 1st 1873 to csa'fs
ten per centum Of their then holdlnrs y
and after January LIST. 1919. @
Henry L. Doherty & Compa,v
Fiscal Agents for Ciuea servic. -
GO Wall Street. New York CITY
Nat' January 81. 1919
New-York tribune., 1919-01-21
COTTON STATISTICS

Yesterday Last wk. Last VI
Fort receipts 21,2I9 24,562 1862
i~xPorts ......- 39,557 5.591 asst
40 season .2,2l3909 2,040,410 2.302, ,174
~ y. I. stocks. e2,945 8'.899 144.612
orc STOCKS .1,443,233 ,407 ,576 1,395.412
interior recelpts 1900 1850 16.2e4
>, 90 shipments 1900 21.ff1 13, 200
~ !. arrivals. o,5o4 279
liverpool cables-Spot cotton quiet:
mlddllnG. i54 points lower, at i7.50:
good middling, 3 points lower, at 2O.1O
Sales 1000, American 500. Imports
5000, American 5000. Closed Irregular
and unsettled at net decline of 81
to 50 points; January. 1882; February.
1851; March, 1884 April, 14.17. Man,
chester-Yarns duh and irreo,iar.
cloths offers scarce.
New-York tribune., 1919-01-21

There is certain fall in prices
due from the simple narrowing of
the margin Of profits, all along the
Ene-a process something akin to
taking in surplus sail In times of
rapidly rising prices every dealer
must in a measure protect himself
by marking up his own prices in Or
der to meet any further rise while
his merchandise is in process of
manufacture and sale. In O her
words. price inhat on is almost need
fully a time of very large paper
profits. With falling prices, the re-
verse act on takes place and the
margin is narrowed to the lowest
wing bass, in order to move goods
quickly and thus protect the hand
Ter against loss in the interim,
alling prices likewise make for
hin purchases, such as are being
witnessed at the present time. A
reactionary market after the tre-
mendous spur of war buying would
he almost inevitable. 1t does not
necessarily indicate PROLONGED
fall nor considerable lowering of
he general price level. Very sharp
declines would probably be followed
by equally sharp reactions upward.
There is great fear in many minds
that the slowing down Of business
Will give rise to great labor dis
turbances." Any attempt to reduce
the present wages, they say, can
only bring on tremendous strikes.
But in many industries this roduc-
ton Of wages, # it is necessary, is
automatic. That is, the wages are
based upon the selling price Of the
products and go up and down with
the markets. This is true in the
larger part Of copper mining and in
many sections of the iron ard steel
industry, and elsewhere These slid
ing scale arrangements will act as
veritable shock absorbers. Under
their operation, the workers have
enjoyed very high wages in the past
two or three years.
The great surplus of labor which
Frank Morrison and other labor
leaders are promising does not, ap-
parently, run on the farms. They
are exempt. Investigations made
by the Department of Agricu4t ture
indicate that the shortage of farm
labor this year may be as acute as it
was last. At the close of the sea-
son the council Of farmers organiza-
ticns, meeting in Washington, esti-
mated this shortage at 100000
men. There never have been, in re-
cent years, 100000 able-bodied men
out of work in the United States. If
the returning army supplies one
half of this estimated deficiency,
there will still be million and
half jobs for the voorhees,.
If a million and half of workers
could turn from the industries in
which there has been excessive pro-
duction, to increasing the yield of
the farms, that would do more than
largely eliminate any unemployment.
1t would help reduce the cost of liv-
ing by increasing the supply of
food. The increase in the total prod
uct of our farms in four years has
been very slight, even in the face of
the wars prodigious demands.
Agriculture, beyond any other in
dustry, at this time can afford, and
has the money, to pay high wages
and draw men back to the farms.
New-York tribune., 1919-01-21
TO TIE STOCKHOLDERS OF TIL
NEiS.- MINI E GIIEING GOWN ~

You are hereby notified that the annual
NEE ting Of the Stockholders Of the DeTf
Manufacturing Company. Inc viii be he'd
al the Office of the Company Gerken B'iild-
ing. 80 West Broadway. cor. Chambers Street.
New York City. on the 2Sth day of Jan.
purpose Of electing a Board Of Directors for
the ensuing year. and for the transaction q
any and all other business which SHAH CONS
before said meeting
JOSEPH L. EGAN. Secretary-Treasurer.
Dated. Dec. 81. 1915
New-York tribune., 1919-01-21

The above rates express the cost of
foreign money in terms of the Amer
lcan dollar. You buy an English pound
sterling, say. at s4.75M The intrinsic
parity is $4.S6% per pound Thus you
say either that pounds are at a dis
count or that dollars are at premium,
which 's owing to the fact that in Eng
land the demand for dollars with which
TO settle accounts in this country is
greater than the demand in this coun-
try for pounds with which to settle
accounts in England.
New-York tribune., 1919-01-21

The Federal Reserve Bank of New
York has put in force the following
schedule Of rediscount rates which
apply to bankers acccptances: Ma
turtles up to Is days, 4 per cent; 16 to
go days, inclusive, Az per cent; 81 to
80 days, inclusive, Az per cent.
Bank Clearings.-Bank clearngs yes
terday were:
Exchanges Balances.
New York. go. s45s, Sol ,a73 s6s,35e,so3
Baltimore $3.50. 14,O2O,C03 5,681.627
Philadelphia -. 64,8O2,641 1922, 1886
SubTreasury - The Sub-Treasury
gained $4S3,000 from the banks on
Thursday.
Silver.-London, 4Siod, unchanged;
New York, 10l 7sc, unchanged; Mexican
dollars, TIVE, unchanged.
New-York tribune., 1919-01-21

NOTICE IS HEREIN GIVEN THAT A
of the s-oakh.il,re If fhs
MOTOR TRUCK CORPORA.
-sfH SIZES he IA IA or tte office II TIE Com.
Iia- 20 Wan Street New York a,y
aa Z January 1879 AT ten
oNil- tlr tn p rpase e elfrflng
lF l DIrt fr fi- nsuirE vtar and
re.o 4 sle ton to SCR. q
.i+e'.ne. aHl FIR fht trlfs
t.an # t'i other husn IS as may pr p
.er SAID meeting
fs-3s " remain open from ten a. n
Twelve Nj
Transfer books viii be closed from Jan.
nary 18th to January &C. 1919 inclusive
GUY WILSON, Secretary
Dated January. 3, 1919.
New-York tribune., 1919-01-21

Nominal.
Below is given the current exchange
value of foreign money in dollars and
cents together with the intrinsic gold
parity, as calculated by the United
States Mint:
Current
New-York tribune., 1919-01-21
FINANCIAL MEETINGS
VIrLn GUARANTEE aSD Trust COW

R1lfN
Notice Is hereby given that the ANNA,
melting of the stockholders Of the 7'tie
ooaIantee and Trust Company wlii lie ned
III h phce Of tf- Company. l76 1sosdway
HoTruaa of N.uasften. Clly N NsN Yo-k
on ti-. -lsf day ct january. 1919 ~ i.A
'vie, IN lh Afternoon ANA that the aisms
'en oi Trustees ot sat3 Company IN fhs
l..t of those whose tcrmS viii esniro and
thiee Inspectors 0f Election 70 s. rye fu
h suoc -rg year Riil be held "a. ihe sams
piarF. ora tho same day. between the hears a
4 - and 80 in lha afternoon
WNll GLEN EIAND
t'.c uief list 1918 Secretary.
New-York tribune., 1919-01-21
" ali Street Items

Clarence R. Templeton. of the New
York Stock Exchange firm of Wade
Templeton & Co.. has been elected a
director of the Federal Oil Company.
Hughes e. der, so Broad Street,
have opened a branch Office in the
Harlem district, at 81 and GO West
125th Street, second floor of the Cha
ham and PheniX National Bank Buill-
ing.
Field, Richards & Co. are offering
a new issue of City of Charlotte, n.
c., School bonds, serially due 1920
to 1916, at a price-for any maturity
to yield Ats per cent.
New-York tribune., 1919-01-21

yesterday. Ruling rates at the Stock
Exchange were to 4 u per cent, and
some business was done on basis of
3% per cent.
Conditions in the market for fixed
date funds were unchanged. The con-
tinued ease in tie call situation leads
many stock market borrowers to re-
sort to that class of accommodation.
Ruling rates for money yesterday,
compared with year ago, were as
follows:
Yesterday. Year ago.
Per cent. Per cent.
Call money:
New-York tribune., 1919-01-21

A new issue of S2,500oOO Arkansas
Louisiana Highway District Serial s
per cent bonds, falling due annually
September |, 1921, to 1899 are being
offered by William +. Compton Com
pany, Spencer Trask & Co. and Halsey
Stuart & Co.
L. B. O'Meara, formerly with Dawson
4 Lyon, has been associated with the
firm of Moyse & Holmes, in charge of
the unlisted department.
New-York tribune., 1919-01-21

Commercial Papsr.-A moderate vol
ume Of paper is moving on a discount
basis of to "A per cent.
Bank Acccptances.-The easier rates
for call money has resulted in a
broader demand for bank acceptances.
Rates were unchanged yesterday, as
follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per centPer cantPer cent.
L gi b Ii
member
banks .4A@4 4s@4a 4s s@4A
Eligi BIZ
non-mem-
bsr 5anks.4]4@4(a 4as@4}4 43s@4}hs
Ineligible
bank bilssA@5 s1a@5 5h@5
For delivery within thirty days:
Per cent.
Eligible member Banks. ......... Ais
Eligible non-member b,Nks...... 45s
Ineligible bank bills. 6
Discount Rates.-Tho following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper FOR all periods up 10 ninety days.
New-York tribune., 1919-01-21

A development of the near future
may be widespread employment
OF motor trucks as part Of the reg
ular work of railway operation.
Such a plan is advocated by C. A.
Morse, president of the Railway AS
sociation, and at present director of
operation in charge of engineering
and maintenance in the Railway Ad-
ministration. Mr.. Morse declares
that only in rare instances have
small branch lines been able to pay
expenses. He holds that it would be
a stroke of economy for the rail
roads to abolish these branch lines
where it is possible and establish a
motor truck service in their stead
II the railways would do this, he be-
lleves that farming communities, es-
pecially, would be encouraged to con-
struct hard roads such as would
make the operation of this motor
truck service feasible and profitable,
to the very large gain of all con-
cerned.
New-York tribune., 1919-01-21
Finance Economics

WALL OFFICE: Telephone
Building 6514
New-York tribune., 1919-01-21

Continued on paoe tscelve
New-York tribune., 1919-01-21

Rye.-Market dull
Yesterdays Previous Year
New York: close. close. ago.
Cash. No. West. s17o Si.7o
The review. [volume] (High Point, N.C.) 1908-19??, 1919-10-23
DODSON TELLS THE
HORROR OF CALOMEL
You Don't Need to Sicken, Grippe or
Salivate Yourself to start
Liver.

You're bilious, sluggish, constipated.
You feel headachy, your stomach may
be sour, your breath bad, your skin
sallow and you believe you need vile,
dangerous calomel to start liver and
bowels.
Here's my guarantee! Ask your drug
gist for a bottle of Dodson's Liver
Tone and take spoonful tonight. If it
doesn't start your liver and straighteR
you right up better than calomel and
without. gripping or making you sick I
want you to go back to the store and
get your money.
Take calomel today and tomorrow
you will feel weak and sick and nau-
seated. Don't lose a day. Take a
spoonful Of harmless, vegetable Dod-
sons Liver Tone tonight and wake up
feeling splendid. 1t Is perfectly harm
less, so give it TO your children any
time. 1t can't salivate.-Adv.
The review. [volume] (High Point, N.C.) 1908-19??, 1919-10-23

ed upon another errand, and once
more returned, bringing with him two
of the other servants about the great
adobe house to witness the signature.
The old man looked at the new will
carelessly and signed carelessly, ask
ing merely if the will were in all es-
sentials the same as the original one.
The servants withdrew with their
masters thanks and loose silver, and
De la Guerra, returning to Dempton
one copy Of the paper which was in
tended after his death to dispose of
the hacienda, great range heavily
and silver, folded the other and placed
1t upon the shining table top.
II shall read it tomorrow" he said
lightly. "You know that I do not read
after the candles are lighted, senor."
Dempton, his errand done, was al
ready upon his feet, his eyes rowing
for the hat which Pedro had taken
from him few minutes ago.
But" cried De la Guerra, "you are
not going back tonight, senior? Surely
you would not think Of putting my
hospitality so to shame! You must
spend the night with u.s."
Dempton's eye had found his hat
and he speedily crossed the room to
take it up.
THANK you, Mr.. de la Guerra" he
said hastily. "But must return to
La Panza Immediately"
He managed bow with poor trial
at the Spaniard's dignif1ed grace, put
out his hand quickly as though to have
the farewells over and done with, and