davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-05-21
Com odities
In d Ii S strials
Cotton

Cotton prices took a big jump up
ward yesterday, closing with net gains
of S5 to 81 points. May cotton went to
81 cents and closed at the top.
Several factors combined to lend
strength to the market. The Pres-
dents message to Congress was re-
garded as favorable to business in gen.
eral, there were numerous reports of
grassy fields in the central portion of
the cotton belt, and goods trades ad-
vices showed that textile markets were
active and strong.
Print cloths have been advanced a
half a cent yard and leading manu-
facturers have been forced, it is said
to withdraw some of their lines from
sale. Large quantities OF colored goods
have been sold for export in the last
few days. Cotton yarns are strong
and prices are rising.
Improvement in the Liverpool market
of late is thought to be due, in part,
to series of dock strikes, resulting
in serious congestion and delay in un-
loading imports from the United States.
A large quantity of low grade cotton,
which has always been considered a
dead weight on prices, has been sold
by holders al good prices, it is report
ed. AS German mills are the only ones
which consume this kind of cotton in
volume, it would seem that the buying
comes from that source. 1t may be
that opposition in the Senate to rati-
tication of the peace treaty will make
it impossible to export direct to Ger
many for some time, but it would not
be surprising, it is said, if this cotton
went out to other countries and was
then transshiped to Germany. Exports
from all ports yesterday were.47 ,812
bales.
Spot demand in the South continues
good Sales yesterday included 2,237
bales at New Orleans and 1852 at
Norfolk. In the local market spot
middling was quoted at 31.75, an ad-
vance of S5 points.
Prices for future contracts follow:
NEW STVTm
New-York tribune., 1919-05-21
Atlantic Coast Line
1913 Surplus Slumps
Heavy Expenditures Necessitate
Early Issuance of $3,923,OOO
Equipment Trust Notes

The annual report Of the Atlantic
Coast Line Railroad Company for 1918
discloses a standard return for the use
of the road of $1O,180915. Income
from other resources amounted to 49,
888,229, making gross income of $14,-
069,l44. Rentals, war taxes, etc. ag
gregated $6,784,312. After all charges,
including sinking funds, the balance of
S7,171,954 was equivalent after the de-
duction of preferred dividends to $10.17
a share earned on the common stock.
In 1917 surplus was $1O,S34,091,. or
S1578 a share.
1t was pointed out in the report that
expenditures for certain equipment
ordered prior to Federal control, and
equipment allotted to the company by
the railroad administration will neces-
state the issuance in the near future
of S3,923,00O equipment trust notes,
Series c, bearing 6 per cent interest
per annun, maturing in seml-annual
instalments, the last of which will be
due fifteen years from date of notes.
j. r. Kenly, president, IN his report
said in part: "The Director Gene raj
accruais from current equipment de-
probation and retirements as we'll as
the va luc C the salvage from retired
equipment, to an aggregate amount not
exceeding the cost of equipment ac-
quired during each current year, pro-
vided the company will apply these
amounts to repay the Director General
for expenditures made by him for
equipment purchased by or for the
road or to pay maturing obligations of
equipment trusts and also will agree
that these amounts received will be
deducted from the amount expended
for new equipment, upon which the
interest return is to be allowed dur
ing Federal control'
A cash dividend of 81 per cent has
been declared on the common stock.
payable July 10 to stockholders of
record June 10.
New-York tribune., 1919-05-21
Victory Note Trading

The percentage of Victory Liberty
loan subscriptions in excess of $4,000
to be allotted will not be announced
until some time between June and
June II. 1t is probable that the Stock
Exchange will not begin trading in the
notes until such allotment becomes
known. Yesterdays payment of the
10. per cent initial instalment on the
Victory notes from the member banks
to Federal Reserve banks will furnish
the first complete data for an accurate
compilation of the amount of over
subscription and the number of sub
scribers.
New-York tribune., 1919-05-21
u nion Pacific
Earns l2.87 Per
Cent OH Common
Report for 1913 Shows
Largest Gross Earnings
in History, but Heavy Ex-
penses Cut Down Profits

Net income of the Union Pacific Rail
road system from all sources for the
year ended December 81, 1918, after de-
duction of Federal taxes, was S32, ,602,-
204. This was equivalent, after pre-
fcrred dividend requirements, to 1887
per cent on the 1922 ,291 600 outstand-
ing common stock, compared with 1859
per cent earned in 1917.
Transportation operations conducted
by the railroad administration last
year, as disclosed by the annual report
issued yesterday, resulted in total oper-
ating revenues of S15S,S45,175, the
largest in the history of the road and
an increase of $28, 8,743,31l over 1917.
Compared with the test period or the
average for the three years ended June
30, 1917, there was a gain of $54 1885,
1876 in gross and an increase of S12,-
405,99 in net. The increase in last
years net over the preceding year was
$5,505, ,646.
"The increase in freight and passen-
ger rates made effective by the director
general about the middle of the year."
said Robert S. Lovett, president, in the
company's report, Contributed sub
StdIlIldi'y W lulS increased revenue.
But it was due in large measure to the
great increase in the volume of traffic
between central California and the
East that, in time of war and con-
gested facilities generally, moved over
the Union Pacific. which, with it's easy
grades, double track and excellent
physical condition, is the line of least
resistance for such traffic"
The decrease in the earning power on
the common stock last year, the report
stated, was due principally to the fact
that the amount by which the rental
to be paid by the railroad administra-
ton, after deducting operating ex-
penses not assumed by the government,
was less than the 1917 income by
S7,337 1892. This was further increased
by an increase of S1,167,661 in Federal
war taxes. A summary of the corporate
income account for 1918, after exclud-
ing all otfsetting accounts between the
Union Pacific Railroad Company, the
Oregon Short Line Railroad Company
and the Oregon-W Washington Railroad
and Navigation Company, compares
with the preceding year as follows
1913 1917
tnI frf>.,
New-York tribune., 1919-05-21
Ohio Cities Gas

Yesterdays rise of 5a4 points in Ohio
Cities Gas stock on transactions of
$4,000 shares, bringing the price to
52&, was accompanied by reports that
the company is now perfecting a Euro
pean selling organization, the lack of
which is said to have been its chief
handicap in the past The company
controls an acreage of 861, ,197, Of which
1851 are operated and 789,606 are un-
operated. Of the unoperated acreage
81, ,O54 are in Texas and 237,93O in New
Mexico. The company has not yet op-
Grated any land in either of these
states.
New-York tribune., 1919-05-21
Lake Shore EIeciric's 1918
Report Shows Profitable Yea,

Combined gross income of the Lake
Shore Electric Company and subsid-
iaries for the year ended December 81,
1918, amounted to $2,1S9,325. This rep
resents an increase of $403 ,313 over the
year before. Operating expenses and
taxes aggregated 1888, ,083, leaving a
$596,242 net After interest of S432,8 1851
surplus was $163,3S0, compared with
$l53,9S8 for the preceding year, an in
crease of $9,393.
New-York tribune., 1919-05-21
Capital Reduction Made by
Boston Banking Cornoyatior

The First National Corporation, or
ganized recently by the First National
Bank of Boston interests, has voted
that the agreement of association and
the articles of organization of the
company be amended so as to reduce
the capital stock, S2,25O,OOO, by 1900
shares of par value of $75O,OOO. thus
reducing the capital stock to $4,000
shares of par value 81 100000.
New-York tribune., 1919-05-21
Foreign Exchange

Francs went to another new low rec
ord yesterday at 500 to the dollar,
compared with a parity of 5.18. Lire
fell to 8.43. and sterling declined to
4.61&, which, however, compares with
4.57 reached on the first break following
the removal of the peg. There were
later sharp recoveries. The problem
has now assumed such gravity that it
is believed plans for the purchase Of
European securities and extension Of
credits will be considerably hastened.
New-York tribune., 1919-05-21
United Drug Sales Increase
S3.I36,257 in First Ouar;e

For the three months ended March
81, 1919, the United Drug Company
reports net sales of $13,771,377, or
S3,l36,257 larger than those for the
corresponding quarter of last year.
Cost of merchandise sold amounted to
$S,S5S,246, and operating expenses were
$3,364, ,966, leaving net profits of 81 ,54S,-
1876. an increase of $416,445. After de-
probation, taxes, etc, surplus of
$1,343,80l was equivalent, after first and
second preferred dividends, to $525 a
share earned on the $20,050,O0O out
standing common stock.
New-York tribune., 1919-05-21
The Dollar in Foreign Exchange

Exchange on London and Paris dis
played pronounced weakness yester-
day, continuing the decline begun last
week. French exchange went to 6.64
francs to the dollar for checks and
6.62 for cables, a new low record
Demand sterling dropped to S4.63 and
cables to $4.64 Italian exchange was
lower, while rates on the neutral coun-
tries declined
In banking quarters the continued
weakness of practically all the ex-
changes is attributed to the delay in
the signing of the peace treaty, which
is holding up the arranging of forei gn
credits in this market.
Closing rates yesterday compared
with week ago follow:
o.. i i. l..-,.- =. j
New-York tribune., 1919-05-21
Canadian General Motors Co.
Formed; Capital $4,000. 900

The General Motors of Canada, Ltd.
has been formed with an authorized ID
capital of S10,O0O,oOO. The new COM
pany is related to the General Motors
Corporation of the United States. R.
S. Mclaughlin, president of the Nc
Laughlin Motor Car Company and
vice. president and a director of the
General Motors Corporation, has been
elected president of the new concern.
New-York tribune., 1919-05-21
Colorado Fuel Earns $1.O5 a
Share in First Quarter

After preferred dividends, taxes,
sinking fund and interest, the Colorado
Fuel and Iron Company earned S1.Oo a
share on the common stock in the first
quarter of 1919, against s492 share
in the same period of the preceding
year. The gross receipts amounted to
$1O,O71 1855, compared with S11 ,931 ,23O
in the quarter ended March 81, 1918.
Other income was S138,231, bringing the
total income for the period to S1,o7s,-
632
New-York tribune., 1919-05-21
Deficit for Shattuck.Arixona

Total income of the Shattuck- Arizona
Copper Company for the quarter ended
March 81 last amounted TO 1927 ,52O,
compared with $625 ,533 for the CORE
spending quarter of 1918. Operating
expenses were 1887, ,387 causing a
Si59,S67 loss from operation. Depre-
citation was sa,121, making total def
icit Of s16S,988, against net income of
Sl8b,bl8 for the first quarter of last
wear
New-York tribune., 1919-05-21
Smaller Net for Cleveland Road

The Cleveland, Painesvilc e. Eastern
Railroad Company reports gross earn
ings of s549,977 for the year ended
December 81 last. This compares with
S531.143 gross in 1917. Operating ex-
penscs and taxes were S376,50O, leav-
ing net earnings Of S173,477. Total de-
ductions amounted to $l49,553, against
s144,774 in thG year before. Net in
come was $25,8O7..
New-York tribune., 1919-05-21
FOrecastinH

Persons who have been predicting a
reaction for the last month or more
will take credit for it when it comes,
though one may sometimes lose more
money by expecting a reaction too soon
than by getting caught in it,
New-York tribune., 1919-05-21
Sag Here; Bulge There

Trading from now on promises to be
more two-sided. The market may be
expected to sag in one quarter and
bulge in another with occasional
spurts in specialtics and possibly
slumps in issues that have been con-
tinuously bulled--E. w. Wagner &c Co.
New-York tribune., 1919-05-21
The Trading Record

The reaction in the average price of
industrial stocks went further on Mon
day than any reaction in the last seven
weeks. There have been three re-
actions in the last nine trading days.
Before May Is there had been only six
reactions in forty trading days.
New-York tribune., 1919-05-21
Money and Credit

Call money opened and renewed at 6
per cent yesterday, compared with a
ruling rate of 51a per cent on Monday.
Loans on ail-industrial collateral wee
6h per cent. There was no change
during the day
Time money is offered in limited
amounts ct 6 per cent. There is little
lending at that rate. A few new loans
are being made at 81 per cent for
sixty and ninety days on all-industrial
collateral.
The ruling rates for money yester-
day, compared with year ago, we're
as follows:
Yesfardav Yoar -ro
New-York tribune., 1919-05-21
Dividends
EXTRAS

National Transit Company ex-
ira dividend of so cents per share has
been declared in addition to the regular
semi-annual of so cents, both payable
June 16 to stockholders of record
May 81.
New-York tribune., 1919-05-21
stration .$3S,416,110

The Union Pacific balance sheet as
of December 81 last revealed minor
changes in the company's investment
holdings. investments in affiliated COM
panies declined from S64,156,16 in
1917 to 62,963, ,75O. Other investments
dropped from $2O4 800 to 1902, ,477,-
61O.
New-York tribune., 1919-05-21
Investme ents
$4,570,00O

Buffalo, Rochester & Pittsburgh Railway Company
Consolidated Mortgage 4h86 Gold Bonds
Due eNday1.
dNemb New wYok,w wthoutde deduction
AK
sissue)$
o principal. ndexhange
for fully registered bond. Fully Of
Central Trust Conpan New York,Tr
mortgage sub
liens, mlea of
miles, and frs miles thereof
INCOME STATEMENT
Year <nded December
accu under edcrac
Other Corporate Income.
- s3,55s618
War xesn
fuFi Charges ss,eass7
Present FixedCh including
averaged 1So therefor
dbys and s1ooooo
Stock Dividends have paid
Preferred Stockth
go and 40 respectively.
Application will Bondsont the New York
Stock Exchange
IN CONNECTICUT
Price, 1874 and to yield 5258
Guaranty Trust Company Bankers Trust Company
of New York New York
ssss s: % nns-.
New-York tribune., 1919-05-21

Following are the official rates
quoted by the American Relief Admin
istration on exchange against the coun-
tries on which it has supervision over
all dealings:
New-York tribune., 1919-05-21
REGULAR DECLARATIONS

St'kh' d s
Rate and period Payable of rec
American ,r TEL & Tel, ., q. July IS June 90
Atl ~ |. X X, ) y com, s-a July | 0 June 0
Cres Cons Cid Min. 1oc. M June 10 Nav 81
Hercules Pet. !. m.....,. June Is
Nat Sugar Refining. l =. July June 0
Roch'ter r & L.. 4 pfd. q June . May "a
National Surety, 5, q..,...July l June 20
New-York tribune., 1919-05-21

London Money Market.-LONDON,
May 20.-Closng silver, 527d
per ounce. Money, 3A per cent Dis
count rates-Short and three months
bill, 33s per cent. Gold premium at
Lisbon, 105.00.
New-York tribune., 1919-05-21

bank bills5M @4Ia 5I4@4La 5I4 4@4aA
For delivery within thirty days:
Per cent.
Eligible member banks. ......... 417s
Eligible non member banks. 4H
Ineligible bank bills. s........... 6
New-York tribune., 1919-05-21

Sub-Treasury. - The Sub-Treasury
gained $2,476,OOO to the banks on Mon
day.
Silver.-London, 52Bd; New York,
$1OSA; Mexican dollars, 76MSoc.
New-York tribune., 1919-05-21

Bank Clearings.-Bank clearings yes
terday we're:
oESchannges: Balances:
New York -. $804,230,416 $76,65o,o55
Baltimore ..... 13,159,481 1880. 1926
Boston ........ 80,o2/,624 15.455,O1I
Chicago ...... 95,712,923 6,969,978
Philadelphia -. 67,o35,742 13,042, SOB
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-06-02
MONEY NOT MENTIONED
Political and Miitarly Status
Only Touched on in
Initial Note.
BIG FOUR RESTED SUNDAY
Allied Representatives Did
Not Meet to Consider Sit
uation Yesterday.

PARIS. Juno 1.-The council of
four Of the peace conference did
not meet today. but the represen-
tatives OF tho great powers con-
tInued their examination OF the
German counter proposals to the
peace terms The answer OF the
allied and associated powers prob
ably will bo delivered at the end
Of the present week.
on the peace conference pro-
gram for tomorrow Is tn presenta-
ton OF the peace terms to he Aus
TRAN delegation at St. Germain.
Only the political. territorial and
military clauses OF the treaty will
be communicated to tho Austrlans,
the financial clauses being with
held for later presentation
Regarding tho Adriatic problem.
Ia Liberte says that Its solution
Is being delayed by tho opposition
Of the Jugo-Slavs, not to the
agreement regarding Fiume, but to
the terms OF the Dalmatian settle
ment
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-06-02
enUtNCE VI, WILL CONVICT
CLARK, BELIEVES WOOLLE>

A.. A,hopgh tho county au,hor,,,es
co,,s.I' s.I' seeking more informa,ion
Car..hE the murder OF Vernon
by pt'' no new clues were obtained
Sb..,, .ns officers saturday or snndav
Co, ,n. N"olley Is sun WORKING IN
hori'.ss WI" 'ne Okmulgee Au-
va, u,u|,y said last nigh, tina, no
;orno,,oo,' ;o,.'o'" 70 obtain any further in
,ha, h,.v'I'n A.. , concerning the murder bu,
vh,.r Aght the chain OF eyidenr.
b. hid already been wov., vol,
he r'.fA 10 convict Ira Clark win
was ,'.ngF ,aa1F Of Campbell. whose hody
,ho.. 'lnd In tho Arkansas rtv.y
bridrs distance from the cowe," "
Nrcnn April 81. with h"il.,
Th.' .Ne back Of his head.
IN ,l,,opriotor Of the wagon v,ra
0, s,"Her. where clark I.f, ~. ns n,r "
tral, n'Eh' following the mnraer
Clars ,.trIf'"d hts statement tba,
inr rt.,.oE" me car away the fo,,ow
s. p,,s IN''y 20 Crowdcr. ana ie,,
r.,Srrn., his wifc's relatives C,,rL
hsy,rr 10 Tulsa "Wednesday af,or
ana ns',s the car at the wago, oIs|E ai'c1 VIC,
follow g,.,lrnt4- Tor the marhin. ~ ,ho -
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-06-02
ALLEGED AUTOMOBILE
THIEVES ARE CAUGHT
Attempt 20 Get Away WIN Chr ir
Front Of Po-tofflCN,-poiIcc
Believe Gang Is Broken Up.

Curley Lyons and T. T.. Hampton.
alleged automobile thieves, were ar
rested 10y Motorcycle officer Johns
Last night at about . O'Clock. after
they had forced the lock from Ford
touring car parked In front ~ tho
pOs'Office. The men were caught
h'fore they were able 10 get away
with the machine.
Lyons and Hampton had broken
tho lock from one ~ the front wheels
when they were seen by several pc
deatrians Tn" police were notified
~ th" attempted theft and found the
two men at the corner OF Third and
Houlder,
win The arrest Of four alleged
thieves. including Lyons
and Hampton. the latter part ~ 'h"
week. police believe they hay" nppr"-
hcud"d The entire gang ~ men VINO
have been operating IN N" o.'y FOR
som" time \ ctmptlCu rglirS' The
thicvc" WnF begun the first o' ih"
week and every member OF The forcr
pas given orders 10 arrest every sus-
pluIous looking character Becn near
an automobile
Lyons and Hampton are being
held In the city jan on lhycstlgn'iou
and Sl'l probably %" turned over 10
the county authorities this afternoon,
WITH two others who arc being held
b. "a" polio" under investigation
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-06-02
Across Sea Flyers
GiUen Big Welcome
on Reaching London

LONDON. June 1.--Tho crews
OF the three American naval sen
planes which started on tho
memorable transatlantic flight.
completed so gallantly by the NC-l
through her arrival at Plymouth
yesterday, came to London this aft
ernoon and were given a typical
reception as their thain stopped at
faddinston station. American
sailors and soldiers who had been
waiting for their arrival rushed
for the car that contained Iieuten-
ant Commander A. c. Read. who
brought the NC-I safely across the
Atlantic, seized him and bore him
on their shoulders up and down
tho platform and to an automobile
for the parade.
one OF the first TO greet tho
NC-Fs commander after he came
from tho train was Harry O. IIaw-
ker, who had attempted 10 shout
his congratulations at Lieutenant
commander Read was being
Josilcd about on the shoulders and
heads OF a score OF men. The dnr-
INK British aviator, who had wired
MS congratulations 10 the crew OF
the NC at plymouth. had arrived
at the station half an hour before
the train came in as II was 20
minutes late. The huge crowd
outside tho station waiting 10 se"
the successful American flers
cheered him and Mrs Hawkcr as
they drove up IN their car when
they were inside the station three
cheers were suggested and led by
an American officer and given him
by the American fighting men.
They then gave three cheers for
Mrs llawker.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-06-02
STEPHEN A. DOUGLAS
IS DEAD AT ARDM0RE
l1oncr Contractor and Ar,'hitect
Never Recovered from Flu
Well Known Politician.

stephen A. Douglass OF Ardmore
well known pioneer contractor and
architect and brother OF G. u Doug
las, secretary OF tho Tulsa chamber
Of commerce. died yesterday after
noon at 1880 o'clock at his home, a,
tho age OF IS Mr. DouEla. con
lracted severe attack OF the influ.
enxa last winter, from which h,
never recovered
hr Douglas served three terms a,
postmaster Of Ardmore. two by the
appointment Of Theodore Roosevelt
and one by the appointment OF Wi.
Ham Mckinley He constructed the
flrSt brick and stone house ever built
IN Ardmore and wng designer of tho
thlckaShh capital. In addition TO
numerous other public and prIynte
buildings
Tho deceased wRs active I'm renub.
lican affairs since coming to okla.
howa, and was one ~ tho leading
contractors and architects OF the
state
In addition 90 G. n Douglas he
Ii survived by two brothora Aahley
or Ardmofe. and Frank OF Shawnee
hln wife, three cousins. Mrs Uettv
Mcdonald OF El Reno Mrs. Edgar
Sandlln and Mrs. Charles DurIc and
two nephewa Knight and Damon of
Tulsa
lnierment will he held at Grecnhlll
cemetery at Ardmore today ht 2:JO
o'clock
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-06-02
BAVARIANS J0BLESS
BUT WON'T WORK
Political Leaders Meet and Agree
That Unity OF Action II Necessary
20 Save Country.


MUNICH Saturday, May III
Representatives Of all the political
parties in bavaria met hero ycster.
dav ard found themselves OF ono
opinion--tha' the situation OF N"
country was so serious that unity
was the oNly means ot IFS salvation,
and that the corc!lia'lon OF the
working people ani the bourr"oi-
circles was the first step toward
achieving this unity
This constitutes working pro-
gram. IN support ~ which Il is OK
pvc'ed all the parties will pool their
efforts iNcmi!nE the con'crJ party,
the democrats Tho socIal.sp and the
independent socialists.
The outward quiet and safety ~
Munich now seems assured. but tho
20 600 unemployed In the city CON
s'i'u'c a continuing danger The
number or the unem ployed is not 10.
c"caSinT. largely because Of their
lack ~ desire 20 work II was I'm.
possible recently 70 obtain % nF-l-
cultural lahorers who were wanted
from the great .rumhcr of if,e pco-
pie In tho Ravarian rNpVA'
tn" fiuyar.ar army viii soon he
d'shartc1 and the state Will e. over
10 the national volunteer defense
systeDg
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-06-02
SEAPLANES SET PACE FOR
MISSISSIPPI NAVY FLEET

MEMTII1s. June THE three
Soaplanes attached 10 the naval flo
tillR touring ths Mississippi river
system arrived here from YicksburK.
Miss, today. In advance Of the bal
ancc of the fleet which consists Of
one destroyer, n submarine and two
submarine chascrH
The boats are expected 10 arrive
by Wednesday, and. after two days
here, will proceed. stopping only at
night. To ~ Louis The trip up the
river is being made ns rapidly as pos
sihle, II was announced. 10 take al
vantage Of the high water. a mum
her Of ,stopu at river. points in The
Interest OF naval recruiting will be
made on the return voyage The
third submarine chaser In tho flo
tilla passed Memphis last week