davidaulloa/AmericanStories huggingface dataset:
Pine Bluff daily graphic., 1919-09-24
More Plants Closed.

Chicago, Sept. Enclosing of ad- ditional steel plants in South Chica- go and Indiana Harbor and absence of appreciably increased activity in mills which were attempting to ope- rate with reduced forces in Gary, marked the second day of the steel strike in the Chicago district. Union leaders claimed gains of approximately 10000 in the number of strikers. Officials of United States Steel corporation plants main tained the reticency which they have exhibited since the first strike mur- murs were heard and operators of independent plants settled down to a policy of watchful waiting. Among the rank and file of the strikers, the holiday aspects of the walkout were accentuated. The mov- l ing picture houses and other recre- ation enterprises in the steel towns
 are booming and hastily organized | dances were advertised by mush- room social clubs.
 1 No signs of disorder were in evi- dence at any of the strike centers
 On the contrary union pickets joked ] WILL IliS pOllCtiueIl WIlO hepC lHell
 moving and even exchanged badin- age with company guards posted about the entrance of the plants. | The union leaders of the district met in Chicago late today and after their reports had been tabulated the claim of 75,000 strikers as, against yesterdays figures of 67,OOO was l given out. J. H. DeYoung, who
 presided, said that the national strike committee of which John Fitz-
 patrick is chairman, would espouse the cause of the engineers who quit
 their posts at Gary, despite orders
 to the contrary from the interna tional union of steam and operating |'engineers. The Gary men face pos sible forfeiture of their union char ter.
Pine Bluff daily graphic., 1919-09-24
Two Killed.

Two Killed.
 Farrell, Pa., Sept. 23.-Two men were killed and two others were wounded in another clash between state police and strikers and their sympathizers here tonight.
 The trouble started when a crowd conpregated at Staunton and Green field streets and refused to disperse. When the troopers charged the crowd they were fired upon, it is alleged
Pine Bluff daily graphic., 1919-09-24
SIX DEAD, MANY ARE
 HURT IN RIOTS AT
 SEVERAL STEEL MILLS

(Continued from Page One.)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
Sale of Government Cotton
Goods Not Disturbing Factor

Business in cotton textiles yesterday
was extremely light. Many of the lead
ing houses in the white goods district
were closed for the day, and in others
the attention OF the working forces
was devoted to the shaping up of de-
tails Inquiries as to the probable re
suits Of the forthcoming government
sale Of surplus cottons elected the
statement that no unfavorable inhu-
encc on the general market was antici-
pated. 1t was contended that as there
is a virtual famine in supplies, with
large export orders pending, the War
Departments offerings would be read
lily absorbed either by spectators or
traders who will dispose of the goods
to the final purvcyors.
so far most of the high grade sur
plus fabrics that have been submitted
to the trade by the government have
been taken up at full prices Even
heavy weight duck demand for which
has Jagged, has brought prices on a
par with those quoted by the primary
sellers. Mill men say that the market
ing of this fabric has furnished one of
the best tests that could be had to re.
fleet the stability of present conditions
in the textile trades. Especially favor
able comment was made over the price
of 37h cents which recently was OBJ
tanned for the small quantity Of indigo
denims that we're sold by the NAVY De-
partment
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
Subsidy Suggested to Revive
Cold Mining in Australia

movement for the granting on one
pound sterling an ounce on all gold
produced in Australia is gaining head
way, according to A. w. Ferrin, United
States Trade Commissioner, who re-
ports that the decline in the gold min
ing industry Of that country has be-
come one of the most pressing prob
lens of the government Other pro-
posals include the ''grubs stalking" of re-
turned soldiers to prospect the unex-
plored central and northern portions of
the commemorative territory and gov
eminent loans to mining companies.
The chief argument Of the advocates
of q bounty or subsidy and the reten-
ton OF government restrictions is
based upon the great amount of Com
monwealth paper money in circulation,
approximately $500 100000, against
which is held a reserve of only little
over 100000 in gold. The national
notes act of 1910 stipulates that all
notes issued above 100000 shall be
balanced by gold pound for pound. The
legal reserve on notes up to St 900 900
(S34 ,OS5, 00O) is 25 per cent. Many
fnanciers believe that the government
should continue its control of the gold
market until the notes issued above
$1,000 900 are covered by 100 per cent
gold as required by the law of 1910
The year 1903 was a record one for
gold production, with yield valued at
S79, 192,164, from which time the pro-
duction has been steadily declining I'M
til in 1917 it was less than 40 per cent
Of the 1903 record. In ten months of
1918 the production of the Common
wealth, exclusive Of the northern ter
ritOry, was only $22,163.7OO.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
English Cotton Credit

Leading bankers denied yesterday
that any definite steps had been taken
toward arranging large acceptance
credit here in favor of certain British
cotton manufacturing interests. 1t had
been reported that credit of 81 ,OOO,-
100000 was under consideration. 1t is
fact, however, known to the local cot
ton trade for several weeks, that the
English cotton spinners would like to
get long-term credits in the United
States to pay for their raw cotton pur-
chases. BY obtaining such credits they
would get around the uncertain sterling
exchange situation which is proving
costly to all English buyers of Ameri-
can commodities. One of the main
difficulties, of course, in the way of
arranging long-term acceptance credits
is that if the bills are made to run
more than ninety days they are not
eligible for rediscount at the Federal
Reserve Banks. Without the redis-
count feature the bills are not attrac-
tive to the majority of the banks here
and it is a question whether they could
be sold on that basis. Plans are said
to be under way to have the Federal
Reserve authorities make special rul-
ing permitting the renewal of credits
of this character. and still keeping
them eligible for rediscount.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
London Money Market -1nNnnN
The Dollar in Foreign EXCHANGE

After early weakness the foreign ex
changes generally displayed a better
tone last week. Sterling rates rallied
sharply after getting down to S4.28
tor sight drafts at the beginning of
tn week, and on the recovery touched
$40. At the end of the week rates
tell off again, closing around S4.35.
Prospects of an early consumma
ton Of plans for the extension of
liberal credits to commercial and
banking interests in England and the
principal European countries helped
10 steady the exchanges. There we're
reports of d huge acceptance credit
to be arranged on behalf of ENGLISH
spinners.
German exchange was an execution
to the general trend of rates. and
marks declined throughout the week.
dropping about l 12 to cents. At the
close OF the week they were quoted at
o9s cents, against close of 8 to 81
cents the previous week.
If you calculate the cost Of the dol
lar IN terms Of foreign money at cur
rent exchange valuc-that is. if Won
were buying dollars with mounds
marks or francs-its value at the close
Of last week, as compared with a wear
ago, would be about as follows:
Closing rates yesterday compare as
follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
Copper Surplus Sold
By War Department
One Hundred Million Pounds
Disposed OF in Four Months,
Saws Morse

WASHINGTON, July 26.-One hun
dred millions pounds of surplus cop
per have been sold at prevailing mar
ket prices in the last four months, E.
c. Morse, assistant sales director of
the War Department.. told the House
investigating committee to-day. The
United Metals Selling Company,
created to dispose Of this surplus and
representing 95 per cent of the cop
per producers, was the purchaser.
Secretary Bakers instructions last
winter, Mr.. Morse said, were chat
copper be withheld only to see if an
agreement could be reached with the
producers, and if not to sell in short
time as best we could"
The contract, Morse admitted, might
permit the producers to sell emong
themselves, and by so doing make a
large volume of sales and low mar
kct. The stocks, however, he said,
went to consumers.
Mr.. Morse said labor organizations
had urged that surplus metal be with
held from the market, as wages were
based on market price, and that the
selling company sought to have it
withheld for six months after the
armistice was signed, but in April cor
tracted to buy the surplus. The volume
of sales made possible early DISPOSE
ton, it was said.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
Standard Oil Nav
Change Basis of
Capitalization
Par Value of Common Stock
May Be Reduced or Made
Nominal; Active Trading
i'm New Preferred

The new preferred stock of the
Standard Oil Company of New Jersey
sold in the curb market yesterday on a
when, if and as issued" basis at SIG
q share. Creation of this new issue Of
S10O,000,000 preferred per cent stock,
in addition to providing funds for the
expansion of the corporations for
eign trade, is believed to be the first
step in a general readjustment Of the
company's capital structure which will
result in a reduction in the par value
of the present Stock or a sub division
of the 500 par value shares into
shares of no par value.
AS the company acquesced in the
underwriting agreement with j. T.
Morgan Co. to make public from
time to time balance sheet and in
come account and to list the preferred
stock on the Stock Exchange, there is
general understanding that the COM
mon shares also will be listed.
The notice to stockholders in connec-
ton with the current financing indi-
Gates further action. Among the
amendments to be made in the COM
pany's certificate of incorporation is
one to the effect that from time to
time either class of stock may be in
creased or decreased or one or more
additional classes Of stock may be Gre
ated
The compensation to be paid to J. P.
Morgan & Co. for underwriting the new
preferred stock is 1 per cent of the
amount offered for subscription, or ap-
proximately $1000,000.
Announcement that the Standard Oil
Company of New Jersey was contem-
plating the expenditure of nearly $780,
100000 to carry out it's ambitious for
eign trade plans resulted in increased
activity and strength in the Standard
Oil issues now traded in on the curb
market and over the counter. The
stock of the New Jersey corporation
rose 80 points to $772 a share, and the
rights to subscribe to the new stock
advanced above SIS a share. The val
uation of these rights was apparently
based on the statement of the man
agement that stock would be redeem
able at Is points above par. The new
preferred opened at 115, went to l16
and closed at 115
Stockholders have the option of MAX
ing payment on the new stock either
in full on or before September ID or
in four equal instruments on or before
that date, October IS, November Is and
December Is. The transfer books Of
the company close on August 5 and re-
open August 16.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
Copenhagen Seeks Funds Here

Arrangements are understood to be
nearing completion for the extension
to the city of Copenhagen, Denmark,
Of a $12,000,000 credit. The loan will
probably run for a number of years
and the bankers interested in the trans
action are said to be Brown Brothers
g. Co.; Lee, Hgginson g. Co., and j. &
W. Seligman & Co. The yield to the
investor on the bonds, if presidents
established in recent foreign issues be
followed, will be slightly more than 6
per cent. The proceeds from the sale
Of the bonds, it is said are to be used
mainly for the purpose of building new
docks and other improvements at the
free port of Copenhagen.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
Looking Backward

On May "a the ticker tape abbrcvia-
tion for Sinclair Oil was changed from
so to sc. In the light of the an
nouncement of the Standard Oil Com
pany of New Jersey that it is going to
list the S100,0OO,O0O of it's new pre-
fcrred stock, Wall Street yesterday pro-
fcssed to discern a particular signif-
canoe in the change in denoting the
transactions Of Sinclair Oil. Some even
went so far as to say that the Stand
ard Oil management was actively work
ing on its new capitalization plan over
two months ago.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
Banks Improve Position

The explanation for the more nor
NAL call money market last week was
supplied yesterday in the statement Of
the Clearing House banks. 1t showed
that the banks were able to contra ct
their outstanding loans by nearly $780,
100000, and at the same time increase
their surplus reserves by So 800 900
The banks also cancelled a portion of
their borrowings at the Federal Re-
serve Bank of New York, the 1edis
counts of that institution against
United States government paper
amounting to S649, 1895, compared
with 1861, 882,180 the previous week.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
The Small Fry

Small traders continue an important
factor in the stock market. During the
last week, as has been the case for
many weeks, trading in odd lots on the
Stock Exchange has shown large bal
ance on the buying side. According to
competent authority, small traders
during the last two weeks, despite the
severe relapse in prices on two occa-
sions, have continued to buy with great
enthusiasm. Last week purchases of
stock, it is estimated, were about 35 per
cent in excess of sales
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
New York Dock

New York Dock common, which
scared to Sc as the result Of opera
tions of powerful pool, sold at 1919
early in the year. Until the pool DE-
came active in this issue the market
for it was extremely narrow. Specula-
tive interest in the stock has been
aroused in recent weeks by the posi-
bllities of greatly increased profits ac
cruing to the company from the al
vance in the leasing value of piers
along the New York waterfront New
York Dock owns a number Of valuable
piers and storage houses about New
York Harbor.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
Goodyear Tire Dividends

TIL Goodyear Tire and Rubber Com
pany has declared a regular quarterly
dividend of 3 per cent on the common
stock, payable September l to stock
holders of record August IS, in add
ton to the regularly quarterly divi-
dend of per cent on the second pre-
ferred stock
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
Steel Production

Production of steel at the principal
mill centres continues at the rate OF
about 70 per cent. Some plants have
increased output slightly in the last
week. The volume of incoming bust
ness is said to be satisfactory, but poor
~ distributed. giving full operation to
some departments of the industry and
light operations to others. The steel
rail mills are not doing much, and there
is little indication of Improvement in
this department, since the railroads are
not .buYing.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27

We advise our clients 20 scll III. or
nearly all, Of their stocks at their
present prices or on bulgcs. We do
not expect the market TO dcclin, pre-
ctpitatcly, because large proportion
o. the big holders of stocks will no.
because Of income taxcs) sell for re-
actions. They will as n rule, sell ONLY
"aen they reach the conclusion that
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
Financial Bureau.
Telephone Bcekman 5000.
all Street
Market Strong, but Quiet

Stocks were generally strong yester-
day in quiet market. New leaders
appeared, notably the so-called food
shares, with United States Food Prod
ucts, Corn Products Refining and Cali
fornia Packing prominent in the deal
ings, all these issues establishing new
highs. Steel common was a feature Of
strength during the two hours trad
ing, advancing / 80 points to 49, New
York Dock advanced 11% points net to
IS on dealings of 1900 shares Other
strong stocks were Royal Dutch, TO
bacco Products, General Motors and
Lackawanna Steel
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27

DOME, July 26.-It is reported
here that nm appeal has been
made to American bankers for
financial aid for Italy to the extent
u $1,000 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
The Days Bond Market
Following is a complete record OF
all transactions in bonds on the Ne,u
York Stock Exchange yesterdoy:
u. S. Government Bonds
Liberty Issues
Transactions

The following table gives the trans
actions yesterday and the approximate
investment yield in the several Liberty
loan issues at closing New York
Stock Exchange prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
French Duty on Tires

In a recent decree the French gov
eminent fixed the import duty or pneu-
matte tires at S1707 per 100 pounds.
while for solid tires the ratc vas
placed at 1l.3S per hundredweight
These specific duties, according to
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27

The Federal Reserve Bank of New
York has put in force the following
schedule of rediscount rates, which
apply TO bankers acceptances: Maturi-
ties up to Is days, per cent; 16 to so
lays, inclusive, AZ per cent; 81 to 80
days, inclusive, Az per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
Corn Products

Corn products still pursues fnan-
cial policy that makes the Bank Of
England look like a faro layout Earn
ings are running at such a rate that
dividends could easily be inauguratcd
Why this has been done is something
Of puzzle.-Odd Lat Reviep.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27

Figures presented at the Intcrna-
tional Farm ConQress, held at Kansas
City, show tina, ths average cost Of
yaising bushsl Of wheat In the states
- Kansas. Missouri, Nebraska and
CAiahoma Hao Sl0Q.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
Finance and rade
Business Mems Bureau.
Telephone Beckman 8243.

there is something radically wrong
with a corporation in which the: are
stockholders.-Goo e Co.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
Market Opinion
Perpendicular Rise Over

1t is evident that the period of per
pendlcu!ar rise Is about over, and the
shrcwd trader will exercise caution
lest he be compelled to NJ rse commit
ments made on the bulges that might
have been purchased several points
lower on the declines which now as in
all advanced stages of speculation are
becoming more frequent Lamborn & Co.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
Money and Credit

Loans and discounts of the New York
Clearing House banks decreased $97,-
054000 to $4,861 ,063, 900 last week
while net demand deposits decreased
$106,354, 900 to $4,007 ,455O0O.
United States government deposits
were reduced from $149 100000 to
1929 1880, 600. Excess reserves increased
3,402, 200 to $29 609, 410.
According to the weekly statement
of the Federal Reserve Bank of New
York, gold holdings increased $28, O0O,-
00O
Bank Acceptances.-Rat were I'M
changed, as follows:
Thirty Sixty Ninely
Spot de- days. days. days.
livery: Per cent. Per cent Per cent.
Eligible
member
banks. -. 4h@4 4A@4a 42s@4fs
Eligible
Eonmem-
Der banks4a@4 4h@4}4 4s@4as
Ineligible
bank bills.5A@4Iz 5I4@4z 5I4@4M
fo- delivery within thirty days:
Per cent
Eligible member banks. ....... Az
Eligible non-member banks. 80. AZ
Ineligible bank bills.
Discount Rates.-The following table
gives the current rates Of the twelve
Federal Reserve banks on commercial
paper for all periods up to ninety days:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27

Would Sell Stocks

We think stocks can still 1e ought
n small recezsions. Wrcnn Bros. {: Co..
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27

Paper Made From Seavccd
Ftreproof, waterproof and odorless
paper has been made from a seawecd
by an English scientiat.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-27
Bank Clearings.-Bank clearings yes

e71ee'1 TIE I1f7IIh CItdTIHBS yes
terday were:
Exchanges Balances.
New York ..$779,o53,259 $57,957,673
Baltimore -. 14,766,078 4,810,53O
Boston 49,. 58,321 ,6O4 13,433,752
Philadelphia. 60,876,1o 14,506,S97
Silver.-London, 5510d; New York,
sl.o64; Mexican dollars, 1885 (0S7ssc.
Sub-Treasury. - The Sub Treasury
lost $326,00O to the banks on Friday.
London Money Market.-LONDON
July Enclosing rate for money, 27s
per cent. Discount rates-Short bills.
3 Is@ 2 per cent; three months bills,
80 (G39s per cent Gold premiums at
Lisbon, 40.
New-York tribune., 1919-09-15
Calder Urges Increase
In Police Pay at Once
Congratulates Commissioner
Enright on City's Having
BEST Force i'm " WorId''

Senator Calder wrote Yesterday to
Police Commissioner Enright congratu-
lating him upon a police force Gun
doubtedly the best in the world" and
suggesting that he ask the city imme-
dlatcly for an increase in pay for po-
llcemen. The possibility borne BY
policemen, he said, made lirst-class men
necessary, but frsf-class men could not
be obtained for third-class pay.
"Or%anizcd government must have q
body OF fearless men," he wrote, "who
leop from the heated passions Of the
Gays unrest and who Will enforce the
law at peril of their lives in time of
great public stress. But while there is
sN OBJ. .igation on the part of the police
TO lnallstaln themselves aloof from all
other organizations. there is also an OBJ
legation equally as great upon the com
mnnlty TO see that its police force is
not imposed upon and that it is given
q living wage.
The rcspons ibility for maintaining
an efficient police force is chargeable
primarily to the people themselves. We
cgannot expect men to give the be t
that is III them unless their service =
are appreciated. and if we are to pre-
serve this force At its present excel
leNce your men must receive a substan-
tal increase and at once
w nile am writing you on this
matter. may urge you to lay before
the city authorities the necessity OF
considering Immediately an increase in
the compensation of the men of your
department? ."
New-York tribune., 1919-09-15
Ghost of King Alcohol
Walks at Coney Tonight
First Mardi Gras Under Rules
Formulated by W. II. An.
dersOn to Begin

Coney Islands first dry Mardi Gras
will begin tonight. The ghost of King
Alcohol, who ruled uproariously over
the fetes Of the past. is expected to
stalk sombrely throughout the weeks
festivities. The island is resigned to
conduct its annual party according to
all the rules laid down by William II
Anderson, and try to enjoy it.
Just to prove how much carnival
spirit they can exhibit, even in the
catastrophe absence Of the other kind
those IN charge Of the Mardi Gras have
adopted as a slogan: Peace, Prosper
ity and Prohibition"
There is some criticism being directed
toward this motto by proprietors of
erstwhile dispensares along Surf Ave
nue. and the BSwery. They say it
savors too much of an epitaph. and
while they admit the propriety of ccle-
bratlng peace, they say prosperity and
prohibition can never be reconciled.
This evening will be dedicated to the
Coney Island lfeguards, tomorrow
night to lifeguards in general, Wednes-
day to the Woodmen of the World.
Thursday to the volunteer tiremen, Fri
day to war veterans, and Saturday will
be childrens' day.
Between 100000 and 100000 persons
are expected to visit the island to-
night. Nearly 100000 are looked for
during the week, providing the weather
IS favorable: Five hundred extra po-
licemen and 200 extra firemen have
been detailed to the island for the
week
This is the sixteenth Mardi Gras.
None was held last year on account of
the war.