davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-10-21
Another Royal Dutch Melon.

The possibility of another melon for
Royal Dutch stockholders, who recently
received rights to subscribe to new
stock which figured out about $22 a
share. was suggested yesterday in the
London cables, as yet unconfirmed, that
the company, already the largest oil
operating concern in Rumania. is ne
gotlating for the purchase of the prop
critics in that country formerly owned
by the Germans. Such a deal would
probably be financed through an issue
of new capital stock, and it is recalled
that recent Amsterdam reports have in
timated that the company has under
conside ration plans for the issuance of
new stock to the stockholders at a
price considerably below the open mar
ket quotation. Royal Dutch got up
above 1O6 yesterday, which is the high
est it has touched since it sold ex-
rights IN August. Figuring in the
rights at S22 share, the present price
of the stock is equivalent to at least
$13O.
New-York tribune., 1919-10-21
The Dollar in Foreign Exchange

Sterling exchange developed further
weakness yesterday despite the an
nouncement late in the day of a $780,
ooo,oo0 British government loan. De-
mand sterling got down to $416h.
French exchange was steady.
Quoted dollars to the nound>.
New-York tribune., 1919-10-21

sion was taken up with reports of COM
mlttees. The afternoon wasN devoted to
a golf tournament. Homer N. Hubert
envoy for the Emperor of Corea to the
United States, delivered an address on
1.-The Firing Line of American Com
merce,' at the night session.
Report on Real Estate
Retarded building development ex-
tended over practically all of the
United States will tax the capacity of
existing mortgage machinery to the
utmost, according to the report sub
mltted to the convention by the Real
Estate Securities Committee.
The report added that a consider
able portion of many cities, notably
New York, will practically have to be
rebuilt IN the next twenty years and
the existing mortgage system is in
adequate for the purpose,
Real estate conditions throughout
the country are said to be active but
not highly speculative, and securities
are IN most cases being based not
upon present prices and rents, rather
upon a fair compromise between pre-
war and present costs and upon proven
that recent study in twenty five
cities indicated labor costs have in
creased during the last two years an
average of 55 per cent and material
prices IS per cent.
Mortgage Business Retarded
The higher labor and building costs
have prevented a more rapid Develop
ment of the mortgage business at a
time when, with these factors normal
the growth would have been pro-
nounced, the statement continued.
The Municipal Securities Committee
reported that the sale of state. city,
county and municipal bonds during
the past year has almost doubled that
of the preceding year. The records.
according to the report, show sales
amounting to S2s5,l ,O9S, from Octo-
Der l, 1917, to October /, 1918, COM
pared with S564, ,453 for the cor
responding period in 1918-19.
The committee reported the greatest
need Of the association is a plan that
will aid in bringing about the prompt
payment of interest and principal by
communities slow in forwarding funds
to the designated place of payment.
New-York tribune., 1919-10-21
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings
January 1 to date

Copyright. New
Qforla
New-York tribune., 1919-10-21
Transcontinental Ores Splurge

, Transcontinental Oil, one of the new
consultations, made big splurge yes
terday when it crossed Sinclair Oil,
getting up to 81, neW ne, high. It closed
dunn, chairman of the board; John
Leonard, director, and Charles
McKeehan, one of the company's at
torneys, have just arrived in Paris in
connection with the foreign end of the
business. Rumors in circulation in the
Street yesterday intimated that the
company might form some sort of a
coalition with the Royal Dutch inter
ests. At any rate the persistent tip
ping Of the stock in recent weeks
finally brought some big buying into
Transcontinental, making it one of the
important features of the oil group
1t is understood that the syndicate
which originally brought out the stock
has been extended for ninety days
That may be the real reason for mark
ing up the price.
New-York tribune., 1919-10-21
Warning g Against
Speculative Craze
Sounded by Baker
Head of Investment Bank.
ers' Association Declares
Wave of Such Trading Is
Spreading Over Country

ST. LOUIS, Oct 2o.-A warning
against radical speculation was sounded
at the convention of the Investment
Bankers Association of America which
opened here to-day. Thousands of
statesmen" are canvassing the coun-
try dispensing spurious stocks and
bonds, the bankers asserted. and q
wave of speculation usually noted after
war is spreading over the country.
William G. Baker, jr., of Baltimore.
president of the association, compared
the situation with the speculative
craze which followed the Franco Prus-
sian war, and In which many residents
OF Germany were made paupers.
The extension of foreign credits to
build up foreign trade, and thereby in
crease production, was urged as a
means OF eradicating radcalsm and
combating the high cost of living.
Must Enforce Ford Laws
President Baker in opening the con-
ventlon to-day said that the greatest
problem confronting the bankers is the
question OF how best to curb the activ-
ltles of the unscrupulous stock pro-
mOters.
"The remedy lies" he said, ain our
constant endeavor to have enforced the
fraud laws of the various states, sup
plemented, if need be, by such sound
legislation by the Federal government
as may be possible of enactment.
II assume that upon our own initia
tive we will not persuade Liberty bond
holders to exchange their Liberty bonds
for standard securities, but we should
go much further than this and use our
utmost endeavor to prevent their be-
ing swind!ed by unscrupulous sellers
OF so-called securities, that they say
promise 100 per cent income"
In speaking Of the industrial situa-
tion President Baker said:
"lf the industrial situation is to be
saved from the dangers now threnten-
ing it we must have not only clear
thinking but fearless speaking. Some
how or other there has got abroad
n feeling that the millennium can be
obtained without work and without
thrift. We need to speak in no uncer
tan! tones those sound principles Of
business economy and thrift without
which no country can prosper"
After the address the morning se.-
New-York tribune., 1919-10-21
c. V. Rich Resumes Duties

Charles V. Rich, who, according to
the gossip of the financial district, had
severed his official relationship with
the National City Bank, is back at his
desk at that institution. Friends of
Mr.. Rich said yesterday that he had
really resigned as vice president
some time last year, but had appar-
emily reconsidered and decided to re-
turn to work. He is still young man
and it is thought found his vacation
of more than year rather irksome.
At the City Bank it was said that Mr..
Rich was not at his desk yesterday,
but would probably be down to-day.
Hide and Leather Directors Meet To-day
American Hide and Leather directors
are scheduled to meet to-day and it is
believed in some quarters that they
will announce some action relative to
paying off the back dividends on the
preferred stock, amounting to 115 per
cent 1t was stated in this column
some weeks ago that special commit
tee had been appointed to consider this
matter, and it is thought that the mem
bers will make specific recommenda
tions. The opinion is held in some
circles, however, that action may be
delayed until around the first Of the
wear
New-York tribune., 1919-10-21
Trying to Explain a Discrepancy

Since the official announcement tha,
Mexican Petroleum stockholders will b.
accorded the right to subscribe to two
shares of non-voting Pan American
Petroleum stock for every share now
held, considerable surprise has beer
expressed in stock market circles that
the two issues have not maintained al
least approximately the 2 to l ratio
in their selling prices. For instance
Mexican Petroleum closed yesterday a,
251 u, while Pan Pete's" last sale was
at 1929. One explanation offered TO,
the apparently low quotation for MEX
Pete" was that new Pan Pete" stock
will not be good delivery against
sales of the present stock
New-York tribune., 1919-10-21
Council Joins
L. S. Chamber of Commerce

The Engineering Council has been
elected to membership in the Chamber
OF Commerce of the United States. The
council represents five great national
societies Of professional engineers
the American Society of Civil Enri
neers, the American Institute of Min
ing and Metallurgical Engineers. the
American Society of Mechanical Engi-
neers. the American Institute of Elec-
trical Engineers and :hc American So
ciety for Testing Materials. These So
sietles have an aggregate membership
New-York tribune., 1919-10-21
In Wall Street
''what Do You Think of the Market ~
A governor Of the

A governor Of the Stock Exchanges:
"People are beginning to take $50
hats and $25 shoes as matter of
course. Why should much small in
creases in speculative securities ex-
cite surprise 2"
New-York tribune., 1919-10-21
Central-Union Meeting To-day

Trustees of the Central Union Trust
Company will hold their first meeting
to-day since the death of the late pres
ident, James N. Wallace. 1t is not be-
lieved, however, that any action rela-
tive to choosing successor to Mr.
Wallace will be taken until later.
Among those who have been mentioned
in the gossip of Wall Street as the most
likely candidates are George w. Davi-
son and E. G. Merrill, both vice -presi-
dents. When the Union was merged
with the Central Trust last June Mr..
Merrill, who was then president, was
also made ce-chairman, Mr.. Wallace
being made chairman as we'll as presi-
dent
New-York tribune., 1919-10-21
Sells Locomotives to Egypt

The Baldwin Locomotive Works is
reported to have sold fifty locomotives
to Egypt on a cash basis That country
is said to be in the market for sixty
five additional engines, for which the
American Locomotive Company has sub
mitted estimates. The total value, of
the contemplated Egyptian purcha ses
is estimated at $4,000000 The pending
expectation of railway equipment to
Belgium is held up by the delay in the
large sale of railway equipment to
Poland is also said to be under consid.
Grafton.
New-York tribune., 1919-10-21
Money and Credit

The stringency in the call money
market, which has kept rates at abnor-
mally high levels for more than a fort
night, was relieved yesterday, when the
banks offered funds freely in the af-
ternoon at a per cent.
The market opened and renewed at 8
per cent, compared with 10 per cent on
Friday last. In the early afternoon
the rate dropped to 6 per cent, and in
the last hour of trading to per cent.
A favorable bank statement of Sat-
urday, which disclosed large contrac-
tlon in the total loan account of the
local banks, and the return of funds
from the interior were partly response
Bile for the easier tone in call money.
1t looked as If the long awaited period
of easier money had arrived, although
bankers would not venture predic-
ton as to the course of money during
the next week or two.
The ruling rates for money yester-
day, compared with year ago, were
as follows:
New-York tribune., 1919-10-21
Speedometer Profits Larger

For the quarter ended September
80. 1919. the Stewart Warner Spccdom-
eter Corporation reports profits be-
fore Federal taxes Of 81 S1,224,857, com
pared with $838,s48 In the correspond
ing period Of 1918. Profits for the nine
months totalcd $2,598. TAO, against
81 ,583,lAs In the first nine months Of
tho preceding year.
New-York tribune., 1919-10-21
What a Pierce Arrow Director Says

Pierce Arrow was the feature of the
motor group in yesterdays short stock
market session and on an active turn
over advanced to the high record price
of 90, closing unchanged at 95ls
A director of the company, when asked
to comment on the strength of the
company's stock, said: 81 know of no
reason why Pierce Arrow shares should
be selling where they are to-day. The
financial condition of the company GER
tainly does not warrant such high
figure. 1t was only at the last meeting
of the directors that dividend payments
were discontinued and it is not likely
that they will be resumed in the imme-
date future. l have heard some talk
of buying for control but it would
seem that if this were being attempted
efforts would be made to prevent the
public from knowing it,"
The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-02-01

mobile or motorcycle through or in the
corporate limits of the Town of Colfax,
La. with open cut-out or detached
muller, or to blow unnecessarily or
boisterously any automobile or motor
cycle horn while in the corporate linn
its of the Town of Colfax, La.
Be it further ordained. etc.,
Section Two
That any person violating section one
of this ordinance shall be fined not ex-
ceeding twenty-five ($25.0O) dollars or
imprisoned not exceeding twenty-five
(25) days, or both at the discretion of
the mayor.
This ordinance was read and adopted
by sections and then read and adopted
as whole on Jan. z, 1919.
Yeas = Carnahan, Dean, Goodwin,
Faraldo and Williams.
Adopted Jan. z, 1919.
Approved Jan. z, 1919.
A. M. GOODWIN, Mayor.
Secretary.
The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-02-01
Getting Rid of Colds.

The easiest and quickest way to get
rid of cold is to take Chamberlain 8
Cough Remedy. This preparation has
been in use for many years and its
value fully proven. No matter what
remedy you use. however care must be
taken not to contract second cold be-
fore you have recovered from the first
one, and there is serious danger of this.
A man of middle age or older should
60 to bed until fully recovered. 1t is
better to stay in bed three days at the
start than three weeks later on. ADV.
The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-02-01
Louisiana Food Administration Dis.
continued January 81.
New Orleans, Jan. 81, 19l

New Orleans, Jan. 81, 1919.
To All District And Parish Food Ad-
ministrat0rs::
Final instructions from the
Washington office, based on a
cable from Mr.. Hoover, having
desigated the discontinuance of
all state activities of the United
States Food Administration in
Louisiana. as of January 31st,
1919, and for that reason the Of
fee of the Food Administrator
for this state will be closed after
that date.
This ruling in no manner,
shape or form affects the existing
contracts or thequestionof hoard
ing or profiteering, and warning
is given that violations of these
essentials of the Food Admins
tration will hereafter be turned
over to the Federal Courts and
the Federal District Attorney
for action at Washington.
The success of the Food Ad-
ministration in this state is due
to the whole-soul cooperation of
the people and the Press, back
ed up by the earnest and patri-
otto work of the District, Parish
and Precinct Food Administra-
tors. We are deeply grateful
for the hearty assistance which
has been given and the spirit of
splendid patriotism and loyalty
shown by the people of Louisi-
ana, and their cheerful compli-
ances with everyruieo Of the Food
Administration is unequaled by
any other state.
With grateful appreciation OF
our entire force and myself fol
the uniform courtesy and con.
sideration shown by the people,
the Press. and by every interest
of Louisiana. am
Very truly yours,
JNo. M. PARKER,
Food Admr. for La.
The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-02-01
ORDINANCE NO. 25l2.

By P. A. Dean
An ordinance resembling Ordinance No.
25O3. except in SO far as it applies to
street fairs, and fixing license to be
granted certain shows.
Be it ordained by the Mayor and
Board of Aldermen of the Town of Col
fax, La, in regular session convened:
Section One
That Ordinance No. 25o3, prohibiting
minstrel shows. street fairs and all
vaudevilles and such like performances,
be rescinded, except in SO far as it APP
plies to street fairs, and that the may
or be authorized to issue license to all
minstrel shows, vaudeville troupes and
shows ass per the following schedule:
Vaudevilles, S. per day; Shows of any
character, except street fairs, $1,000
per day.
Be it further ordained, etc.,
Section Two
That all ordinances in conflict here
with be and the same are repealed.
This ordinance was read and adopted
by sections and then read and adopted
as whole.
Yeos-Carnahan, Goodwin. Williams,
Faraldo and Dean.
Adopted Jan. z, 1919.
Approved Jan. z. 1919.
j. @. LONG,
A. M. GOODWIN. Mayor.
Secretary.
The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-02-01
Third Asst P. M. Gen.
Cotton Seed Price to Stand Through
Season.


Washington, Jan. 29.-Cotton
seed interest have been notified
by the food administration the
price sterilization plan for cot
tonseed and its products put into
effect in September will continue
through the present season, if
all elements of the industry con-
tinue to cooperate. The admin.
istration's statement says three
quarters of the crop already has
been purchased by crushing mills
and that the industry is follow.
ing normal lines.
Under the sterilization plan a
base price of ST. ton is main.
tanned.
The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-02-01
FARM DEMONSTRATION WORK
By r. L. Sloan
"Spray Your Orchard Week" Begin
Feb
AGENT FOR GRANT PARISH

''Spray Your Orchard Week" Begins
Feb. 8.
The week beginning Feb. 8
has been set aside as SPRAY
Your Orchard Week" by Exten-
sion workers. During that week
all of the Parish Agents in Lou
isiana will devote all of their time
to pruning and spraying demon
strations, in an effort to show as
many people as possible how to
protect especially peach and ap-
pie trees against the deadly San
Jose scale, which has killed more
southern orchards than all other
pests combined. 1t works like
Consumption" in the human
body-slow but sure. The life
of an unprotected peach tree is
usually about four years where
it should be much longer. Every
person trying to have fruit
should own a spray pump and
spray the trees. No matter if
you haven't more than three
trees it will pay you to own a
little outfit and spray.
/ expect to be at the following
places during SPRAY Your Or.
chard Week.:
Feb. 3, Colfax-A. M. Good.
wyn.
Feb. a, Aloha. w. O'Quinn.
Feb. 5, Montgomery-C. C,
Wilson.
Feb. 6. Verda-G. L. Garrett.
For information concerning
size of pump for your orchard,
solution to spray your trees with,
or any other special information
call on your Parish Agent.
|
The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-02-01
ORDINANCE NO. 25l0.
By W. C. Carnahan-

An ordinance to regulate the speed
of trains running through the corporate
limits of the Town of Colfax. Grant
parish, Louisiana, and to provide pen
atty for violation hereof.
BE it ordained by the Mayor and
Board of Aldermen of the Town Of
Colfax, La, in regular session conven.
ed.
Section l.
That on and after the PRONUNCIATION
of this ordinance it shall be unlawful
for any railroad which may now OF
hereafter operate Its trains and run the
same through the corporate limits Of
the town of Colfax to exceed speed Of
ten Q0) miles per hour within the sait
limits of said town. this section to ap
ply TO any and all trains operated with
in the limits of said town whether BY
railroad companies or otherwise.
Be it further ordained etc:
Section q
That any person, firm or corporation
or railroad company guilty of q viola
ton of the first section of this ordin
ance shall be deemed guilty of negli
gence and the commission of q Grim,
and on conviction for the same in tn
Mayors Court shall be fined in q sun
of not less than s. and not more thar
500 and all ordinances contrary heret,
are repealed in 30 far as they conflic
here with.
The above ordinance was read b,
sections and adopted by sections ant
read as whole and adopted as a whole
at Colfax, La, Tuesday, Jan. 7th 19l!
and was approved by the mayor.
Yeas - Carnahan, Dean, Fsraldo
Goodwin and Williams.
/ Adopted Jan. z. 1919.
Approved Jan. z, 1919.
A. M. GOODWIN. Mayor.
Secretary.
The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-02-01
ORDINANCE NO. 25Os.

BY p. A. Dean
An ordinance fixing q budget of ex-
penses for the town of Colfax, La,
for the year 1919 and levying a tar
of ten (10) mills on all property sub
ject to taxation in the town of Col
fax, La.
Section l.
Be it ordained by the mayor and
board of aldermen of the town of Col
fax. La, in regular session convened
That the following is hereby declared
to be the budget of expenses for tn
wear 1919 to-wit.
The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-02-01

Savings Stamps Must Not Be Sold.

Savings Stamps Must Not Be Sold
In view of the fact that it is
alleged tn at certain persons
throughout the country have
made offers to purchase war saw
ings certificate stamps, the fol-
lowing announcement has been
issued by A. M. Dockery, third
assistant postmaster-general, in
which he says that these certif-
Gates are payable only to the
original owners, except in cases
of death or disability, and no
other parties known to have
bought such stamps from owners
will be allowed to cash them.
The statement says:
1. The following is quoted
from a notice issued by the Sec
cetary of the treasury:
my attention has been direct
ed to the numerous offers made
by INSCRIPTIONS persons through
advertisements and in other
ways to buy war savings certifi-
cate stamps and, as a result of
such offer, am informed that
owners of such securities have
suffered material losses which
could have been avoided by re-
demption of the war saving GER
tificate stamps at post offices, as
provided by law.
In order that the interests of
owners of war savings certificate
stamps of either series may be
safeguarded. hereby notify all
persons to refrain from offers to
buy war savings stamps or ac-
cept the same in trade"
2. In pursuance of the forego-
ing. post masters are directed
not to pay war savings certifi-
Gates on which the names of the
owners have hot been entered
or have been erased or changed.
since under the regulations they
are not transferable, and are
payable only to the original own
ers except in cases Of death or
disability.
3. Postmasters are further in
structed not to pay any war saw
ings certificates presented by
persons or firms known to be
buying, or publicly offering to
buy, war savings stamps or GER
tificates from the owners, unless
positive evidence is submitted
the certificates were originally
issued to the persons or firms
presenting them for payment.
A. When consulted by owners
of war savings stamps in regard
to offers to purchase such stamps
at less than current value, post
masters should invite their at.
tention to the fact that war say.
ings certificates may be cashec
at money order offices after ter
days written notice, and that
this is a privilege accorded BY
law. At the same time it should
be pointed out that the need Of
the government for the proceeds
of the war savings stamps issue
is great, and the holder should
be judged to retain their stamps
until maturity as a patriotic act
unless tn cir necessities are
urgent. A. M. DoCKERY,
Third Asst P. M. Gen.
Cotton Seed Price to Stand Through
The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-02-01
ORDINANCE NO. 25ll.

By A. M. Goodwin
An ordinance to prohibit and penalize
the running of automobiles or motor
cycles with open cutouts or detached
mufflers. and to prohibit and penalize
the unnecessary and boisterous blow
ing of automobile or motorcycle horns
in the Town of Colfax. La.
Be it ordained by the Mayor and
Board of Aldermen of the Town of Col
fax, La, in regular session convened:
Section One
That on and after the PRONUNCIATION
of this ordinance it shall be INSIDE
meanor for any person to run an auto
The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-02-01

very great deal, could have been
even approximately accomplish
ed if the president had remained
at home, as many Americans, of
whom / was one, were convinced
he should have done.