davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-06-26
Markets-Investments
B. & 0. Common
Stock Dividend
To Be Suspended
Maturing Note Obligations
Will Be Met by $35,OOO,-
600 Issue of 800 Bonds;
Compensation Is Fixed

The Baltimore & Ohio Railroad will
finance its maturing note obligations
through the issuance of $35,000,000
ten-year per cent gold bonds, Daniel
Willard, president. announced yester-
day, after meeting of the directors.
The board also decided to temporarily
suspend dividend payments on the
common stock as result of a decision
to set aside part of the roads income
Ito be devoted to capital expenditures
in order not to extend the compay's
credit under existing conditions." The
rate on the junior stock issue has been
a per cent.
Mr.. Willard stated that the agree
ment reached by the company with the
government concerning compensation
provided that the annual rental will be
! that amount up to S33,331 ,OO9, from
which will be deducted $22,O63, 900 for
annual fixed charges, leaving SILL
268,OO9 available for Federal icome
taxes, reserves, dividends, etc.
Kuhn, Loeb & Co. and Speyer
& Co. have underwritten the new
issue of bonds, which will be offered to
the public shortly. The largest ma
tturlty to be met from the proceeds of
1ne sale are approximately $22 100000
of notes that will fall due within the
next month. These notes represent
number of issues that fell due last
February and we're extended owing to
the inability of the railroad company
to reach an agreement with the gov
eminent over the terms of its Federal
compensation contract
The board of directors at its meet
ing yesterday declared the regular
semi-annual dividend of per cent on
the preferred stock payable on Sep
tember 2 to holders of record on July
received from the government on
account of compensation on or before
that date"
Following yesterdays announcement
IN The Tribune that the Baltimore &
Ohio was planning to issue bonds to
provide for. its note obligations the
common stock turned weak on the Stock
Exchange and broke from 5Oh to
48%. At the closing price of 49M
there was net loss of ss of a point. |
New-York tribune., 1919-06-26
Certificates of Indebtedness

The rise in money rates just now
cannot be wholly laid to dividend ano
interest payments. Money did not &c
to such rates at this time either last
year or the year before that. The div
'dend and interest payments are merely
a marginal factor. The primary reason
Tor tight money has been the funds ab-
soroed by the stock market in the re-
cent rise and the government certifi-
cate OF Indebtedness issues with which
the banks still are greatly burdened.
An issue Of about half a billion falling
que on July was made redeemable
some time ago at any time two weeks
or less before maturity. 1t is probable
tnat most OF the banks have taken ad-
vantage of this option; it would GER
ta'nly have paid them to do so. But if
this has been done, that diminishes by
80 much the relief to be expected on
that day. Moreover, Secretary Glass
yesterday announced the Offering Of
two additional issues Of certificates of
indebtedness, both dated and bearing
interest from July / at Az per cent,
payable on September Is and December
10. These may also prove factor in
preventing ease Of rates.
New-York tribune., 1919-06-26
New Stock Offering

Formation of syndicate, headed by
alggett & Drexel and Knauth, Nachod
q kuhne was announced yesterday to
common stock, par value $50. of tho
Clinton Wright Wire Company. Of
Massachusetts,. The stock is being Of
fered for subscription at s36 a share.
The company was. incorporated on
Monday with capital of S12. 500 600.
consisting of $3,500,00O cumulative first
preferred per cent stock, $1,000 900
cumulative 7 per cent voting preferred
stock, and $7,500,00O common stock.
The new company has acquired ali the
assets and business of three Massachn-
setts corporations engaged in the wire
manufacturing industry.
New-York tribune., 1919-06-26
Competition

1t is important to remember that in
the present state of world finances. the
United States remains the only open
world market. 1t is quite natural that
stock market interests should find
themselves bidding for money against
competition which may seem intane-
ible., but which really represents inter
national reconstruction and trade re-
onlrements: We expect to see this
phase continue for some time.-E. F..
Hutton e. Co.
New-York tribune., 1919-06-26
Fifteen Per Cent

The steadiness of the stock market
was most remarkable in the face OF
money rates. Call loans opened and
renewed at and TX per cent. They
advanced steadily throughout the
day. first to 8 and 10, then g
and 10, then II and ~, and
finally Is and IS, at half-past 2. In
the last half hour they broke sharply
to and 8, and closed at and eh per
cent, with money left over. 1t is un-
derstood that the Empire Trust rushed
over a supply of funds in the late aft
ernoon which helped to bring about tho
break
Money is expected to remain
tight" until the first of July and DOS
slbly for a week thereafter. Normally.
with money market conditions as thew
are. country banks would be rushing
funds here. AS it is they have been
calling loans here every day Such
calls are for the purpose of meeting
July l dividend and interest disburse-
ments, but it also is understood that
many of the country banks have de-
ple<ed reserves, and have been calling
on their New York correspondents to
forward money through the New York
Federal Reserve Bank to their local
rsserve banks.
New-York tribune., 1919-06-26
DIVIDEND NOTICES
The Baltimore & Ohio Railroad Co.

UFFICE OF THE SECRETARY
Baltimore. Md. June 25. 1919
The Board of Directors this day declared
from the net earnings OF the Company for
the six months ended Juno 80. 1919 a divi-
dend OF two per cent on preferred stock to
July 10. 1919. Payment will be made on
September 2. 1919 provided that before that
date there shall have been received from the
United States Government on account OF
compensation. sum sufficient in the opinion
OF the president with other available funds
70 pay the same. and payable at later
date when. as and II such sum shall be SO
received
The transfer books will not close
G.. w WOOLFORD. Secretary.
New-York tribune., 1919-06-26
Under a Million

Trading yesterday fell below 1,Ooo,-
600 shares-in fact. below 90O,O00--fo1
the first full day since April IT, There
have been forty-nine consecutive mill.
ion share days, new Stock Exchange
record. The greatest previous run was
IN 1901, with fortyfour days
New-York tribune., 1919-06-26
American Steel Foundries
Stock Is Underwr;tten

Richardson. Hill & Co., of Bos-
ton, the Chase SECURITIES Corporation.
OF New York and John Burnham &
Co., OF Chicago, announced yester-
day, the purchase of s9,oo0,OOo 7 per
cent cumulative preferred stock of the
american Steel Foundries Company.
a olstriDutlng syndicate is beig formed
to sell the stock The sale of the stock
Will provide the company with funds
to acquire control of the Griffin Wheel
Company, recently taken over by the
American Steel Foundries.
New-York tribune., 1919-06-26
On the Paris Bourse

PARIS, June 25.-Prices were irreeu-
lar on the Bourse to-day, Three per
cent rentes 81 francs 40 centimcs for
cash. Exchange on London 90 francs
s3 centimes. FIVE per cent loan Ss
francs 70 centimes. The dollar ranged
fiom 6 francs 46 centimes to 8 francs
81 centimcs.
New-York tribune., 1919-06-26
The Dollar in Foreign Exchange

Exchange on London displayed weak
ness again yesterday in the local mar
Ket' demand sterling falling to $3.50,
new low for the movement. French
exchange was also easier
The neutral exchanges were fairly
steady on light trading.
Quoted dollars to the pound)
New-York tribune., 1919-06-26
Wall Street Items

The Guaranty Trust Companv ~ Nav,
York has been appointed transfer agent
OF the capital stock of the Barnsdall Cor
:. l.. NJ kardos, member Of the nrn1 Of
kardos q Co, has been elected a member
OF the Consolidated Exchange
Fl. A. Mathews. formerly assistant cash
Ter OF the Irving National Bank, has been
elected a vice president of that institu-
tion.
New-York tribune., 1919-06-26

fair. There is no question but that
Europe will buy our cotton, iron, steel,
copper and machinery and that the
magnitude, but l think the demands
upon the money market for the next
sixty days will be such that sus
tanned upward movement in securities
cannot be fnanced-E. ". Waqner
New-York tribune., 1919-06-26
The Crops Themselves


More talk is heard of the tightness
IN money that may be caused by heavy
crop financing than is heard of the
actual crops themselves. In the big
crops alone is sufficient stimulus for
sustained strength in the granger rails.
IN automobile and oil stocks, in har-
vester stocks and in mail order stocks
Halle G. Stieglitz.
New-York tribune., 1919-06-26
To Close July 5

The request of the members of the
New York Stock Exchange that the ex-
change be closed on July has been
granted by the board of directors.
New-York tribune., 1919-06-26
American WooIen

From the American Woolen Com
pany's balance sheet of December 81,
1918, a prominent Stock Exchange
house figures the book value of the
common stock at 1921 a share. The
stocks market price is 11o.
New-York tribune., 1919-06-26
DIVIDEND NOTICES
INTERNATIONAL PAPER co.

INTERNATIONAL PAPER co.
New York. June e5th. 1919.
The Board OF Directors have declared
regular quarterly dividend OF and one
half per cent tiset) on the prefcrred cap
ital stock OF this Company. payable July
18th. 1919 to preferred stockholders Of rcs-
ord at the close OF business July ith, tSIs.
OWEN SHEPHERD. Treasurer.
New-York tribune., 1919-06-26

Sub-Treasury. - The Sub-Treasurv
gained $144,ooO from the banks on
Tuesday.
Siiyer.-London, 54Ad; New York.
s1.1O7s; Mexican dollars 85@Msoa
London Money Market.-LONDON
June 25.-Money loaned at ~ ner
cent. Short bills were discounted at
~ per cent; three months bills at
3as per cent.
New-York tribune., 1919-06-26

Bank of Germany-BERLIN, via
London June 25.-The statement of the
imperial Bank of Germany for the
week ending June IA shows the fol-
New-York tribune., 1919-06-26
Dividends
Extras

Extras
New Jersey Zinc Company.-An extra
dividend OF 2 per cent has been declared.
payable July 10 to stockholders OF record
June 80. in addition to the regular quar-
terly dividend OF per cent payable
August to stockholders of record July 81
Regular Declarations
New-York tribune., 1919-06-26
Market Opinion
Professional

After the enthusiasm attendant upon
tho signing Of the peace treaty has
died down look for the stock market
20 drttt into professional trading AZ.
New-York tribune., 1919-06-26

Bank Acceptances.-Rates were un.
changed yesterday as follows:
Thirty Sixty Ninety
opot de- days. days. DAYS.
Hvefy: Per cent. Per cent. Per cent.
Eligible o''''
member
Eligible ''sv7/4
non-men-
Ineligible '>4 '7sS7''
bank bills.5I4@412 5A@4Lz 5L4@4a4
For delivery within thirty days:
New-York tribune., 1919-06-26
Money and Credit

Call loans opened and renewed YES
terday at Z per cent for mixed col
iateral and ~ per cent for all-indus-
tr'ai loans. The rates then advanced
to and 10 per cent, then to and 10
then II and II and finally Is and IS
per cent. In the last half hour thew
broke to 6 and 6h percent, and closed
at those figures.
ilme money was dVll. Bidding con-
cinued at per cent for all maturities
Inc ruling rates for money vester.
Day. compared with a year ago. we re
Call money:
Yesterday. Year ago.
Per cent. Per cent.
On mixed collateral 7 4H
On indus. collateral w
lime money (mixed collateraD:
KY KY oays ..,....... 54@6
1SIne'y days .'..... 6 534@6
r;' ui months ..:. 6 534@6
f'Se 70 SIX months. 8 534@6
New-York tribune., 1919-06-26

Following are tho 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., 1919-06-26

Bank Clearings.-Bank clearings yes
terday were:
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
FOUGHT THE FLOWING BOWL
Eastern Monarchs and Religious Lead.
ers Long Ago Lifted Their Voices
Against Drunkenness.

Temperance movements and pnOhibi-
tion crusades date back at least 5000
years. 1t was China that first tried
to be bone-dry. Early reforms along
temperance lines are attributed to the
priests Of India and Persia. But the
Chinese claim that In the eleventh CEN
fury before Christ their emperor, so
disguised over the prevalence Of drunk
enness. ordered all the grapevines in
the kingdom uprooted.
A hundred years before this bone
dry effort, In the twelfth century be-
fore Christ, King Wen tried partial re-
form In China. Wen, founder of the
Chou dynasty, promulgated an "An-
nouncement Against Drunkenness" ac-
cording to ancient Chinese documents
handed down by Confucius.
King Wen declared drinking has
long been a national vice" He or
dered that wine be used only in con-
neotion with sacrlflces-and even then
drunkenness was not to be tolerated.
The temperance reforms also ex-
listed In Egypt centuries before Christ.
Here's what teacher said to a youth
who had been looking upon the flowing
howl too freely:
Drink not beer to excess. The
words that come out of thy mouth
thou canst not recall. Thou dost fall
and ee-eaK thy limbs and no one
reaches out hand to thee. Thy
comrades go on drinking; they stand
up and say: Away with this fellow
who Is drunk If anyone should then
seek thee to ask counsel of thee, thou
wouldst be found lying in the dust
like little child"
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
Llfe,a Master.KeX.

LIES master-key is a personal pos
session. It's yours to use. It's your
estimate Of yourself plus sufficient
initiative to bring ideals to pass.
You're bound to be questioned and
discounted at every turn. Others have
the same mental concept Of their
worth as you do. It's your Job to
show them who is most fit. No, you
needn't begin that old quarrel about
the survival Of the fittest. Life knows
mercy as literature more than 1t does
Of conduct. Natures laws are just,
impartial and irrevocable, They know
neither sex nor social position. He
who by instinct works with them wins,
he who does the opposite fails. When
opportunity steps into view you must
grasp the forelock or Join the great
army of those who spend the time In
regrets and those who sigh, "if had
only known"
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
BRIGHT SCHEME DIDN'T WORK
Overly Frank Criticism Caused Bride
to Drop Her Deaf-and- Dumb
Pose Suddenly.

A newly married couple hit upoh
the idea of pretending to be deaf and
dumb whilst on their honeymoon.
At the station they started talking
on their fingers and overheard the
following remarks:
ITS a newly married couple" said
a lady. 1.-The poor things are deaf and
dumb. Isn't It awfulY'
What do you suppose he saw in
herr" asked the other. "She Is posi-
lively ugly
"And l believe her hair is dyed"
said the first woman.
"And her hat is out of date" was
the next STARTER.
Looks like an old one," was the re-
ply.
Her dress wrinkles in the back"
said the first.
"She's thirty-five If she's a day; and
she looks as If she had a frightfN
temper"
At this point the bride found her
tongue, and her remarks to those tive
women left no doubt about her having
that important article that women are
supposed to exercise SO freely.
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
African PIumles.

The historian Herodotus, 2500 years
ago, described the African pigmies
which he located near the source OF
the Nile. Herodotus, for once, told
the truth, for II Il in that region that
modern explorers have found them.
Stanley described them as having huge
stomachs and short legs. and as leap
ing about like grasshoppers." One
specimen be saw was q full-grown
young woman, three inches short Of
three feet Ia height. but perfectly
formed and Of glistening sickness
q body With absurdiy large eyes,"
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
Use Of prlnkIna Water.

Drink Whatever water you desire
with meals. but do not take Ice water.
and do not use water merely to wash
food down your throat. Water aids Ill
gestion by helping to llquefy the food
and by bringing the gastric. juices into
closer contact with the food particles.
Water does not affect the engines and
weaken them by dilution as some peo-
pie maintain. because the power Of tho
engines depends not ON the percent
age which Is present. but upon their
total amount and chemical compost
ton.
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
PRICE PROBLEMS
MUST AWAIT PEACE
TREATY AND LIVING COSTS ARE
DIRECTLY CONNECTED, DE-
cLAREs PRESIDENT.
Reiterates His Warning Against the
Hyphen Trait and Revivino of
Hun Intrigue in United States
In ST. Paul Address.


4 st. Paul, inn.-Readjustment O
the cost of living, President Wilson de
chred here on September 8, mus
await the re-establishment of com
plefe peace basis which will put labol
and capital on their feet.
in two addresses the president as
serted that~the connection between ac
ceptance of the peace treaty ant
amelt0ration of living conditions was
Il direct one and that the world was
looking to America to take the lead
In restoring the world to Il sound eco.
nomic basis.
President Addresses Legislature.
Mr. Wilson spoke in the morning .at
a special session of the Minnesota leg
lslhture and in the. evening at a public
meeting of the st. Paul auditorium
During the afternoon he also address
ed a meeting ip Minneapolis.
For his night meeting here the
president found the auditorium packed,
city authorities estimating the crowd
at more than 1900.
Mayor J.. G. Hodgs0p, Republican,
introduced Mr.. Wilson as "a great
spiritual leader of American democ.
racy," whose power was written 'in
the hearts OF his people
Politics Not Connected Win Tour.
Opening his speech, Mr.. Wilson said
there were no political considerations
in his speech-making trip for the
treaty. 1t was an American. issue. he
declared. and he had. come out to the
people rather to "hOld council" than
to make fight against anybody.
Despite the varied national origins
OF the people of America, said the
president. distinctly American tyne
had been developed, and one of the
distinctions of that type was the be-
lief In equality, as contrasted with the
class distinctions of other countries.
Warning Against the Hyphen.
Adding that there were "a great
many hypheRs" left in America, the
president declared "hyphenr the
"mOst un-American" trait to be found
in the country.
Because of its mixed derivations, the
president asserted, America was des-
tined to be the mediator of the world.
1t was the only nation, he continued,
that can sympathetically organize the
world for peace" OF the many dele
cations from foreign lands who ap-
pealed to him for hearing in Paris,
he said,all We're able to point out that
they had relatives in America.
Pleads for League.
The league of nations, the president
declared, had been misrepresented as
a trap set to draw the United States
into war.
"We shall not be drawn into wars"
he said. 1--WE shall be drawn into con-
situations. And we shall be the most
trusted adviser We are the predes-
tined mediators of mankind"
Emphasizing the arbitration feature
of the league covenant, Mr., Wilson re-
peated many Of the arguments he had
used in previous addresses.
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
Boston Mobs Loot Stores.

Boston.---Mob violence, chiefly in the
form of window smashing, occurred in
scattered sections of the city within
a few hours after the union members
of the police force went on strike on
Tuesday night. The worst disturb
ances was in the South Boston district
but inspection of the stores indicated
that only few articles had been stol-
en- from the show windows.
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
Two Cynical. po,,us.

"The French" said DIR. Sidney z.
Mezes of New York, the brilliant dl
rector Of the American peace delega-
TONS experts-"the French are ter
rible cynics about love. They dont
believe in Its durability. They claim
1t never lasts.
"TwO French polius were discussing
love in an estaminet.
hold said the first poilu, that
If you fall in love with some ravishing
beauty. the only way to cure yourself
Is to run off,
"The second poilu took sip OF
wine.
Yes, that'll cure you, all right he
agreed, provided you run off with the
ravishing beauty"
1t Is better to say nothing than a
lot Of clever things you later on re-
greet.
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
FOUR KILLED IN STRIKE RIo7.
Policemen and Special Guards Clash
With Strikers.

Hammond, Ind.-An armed truce
prevails at the plant of the Standard
Steel Car company, where four strik-
ers were killed, one was probably fat
ally wounded, and about fifty others
were wounded in fight between 1000
strike sympathizers and forty police
men and special guards.
The fighting was the result of eff
forts of strikers to prevent more than
200 men who had returned to work
from entering the plant. The police
and guards asserted they were fired
on and assailed by strikers.
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12

FOR SALE-We have in this VI
entity high-grade piano, also latest
model player-piano, used but in per-
feet condition, practically new, which
We will sell at an attractive figure and
on practically their own terms, to
responsible parties, rather than ship
back. Write today to Consolidated
Music Co., Is to 10 East First South
St., Salt Lake City, Utah.
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
Right Hen, Wrong Tack.

Lucille was visiting auntle In tho
country. 1t was the Joy of the four
year-old to hunt for eggs in the barn.
One day she brought in very small
one, presumably laid by bantam.
"Auntie," said the little maid,
showing 1t, "the hen that laid this egg
didn't have the right recipe Terre
Haute Tribune.
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
Allen AGAIN Denied Parole.

Boise.-The state board Of pardons
has refused the application Of o. ".
Allen, exsstate treasurer. for parole.
Aliens minimum sentence Of five
years, for embezzling $4,000 Of state
funds, win not expire until October
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
Spring Wheat Decline Shown,

Neutrality-suspicious. decline of the
spring wheat crops reduced the pro-
spective production 100000 bushels
during August, but corn had good
month and shows prospective output
of 100000 bushels larger than indi-
Gated last month, according to the gov
ernment's September crop report is
sued September 8.
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
soolalIsts for soviet svsteno.

Chicago.-In a declaration OF prin-
ciples adopted Thursday. the national
Socialist party unQualifiedly Endorsed
the soviet republic of Russia and the
international Socialist movement. and
condemned the league of nations.
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
MORRIS Knoclks larus out.

Oakland.-BilI Larue was knocked
out by Carl Morris of Oklahoma here
in the second round of fOur-round
bout. Larue was knocked through the
ropes and into the press box, being
unable to continue,
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
Utilization.

Our friend Dustin Stax seems en-
barrassed sometimes, in spite of his
fortune"
YES" observed Miss Cayenne; she
is like a friend of mine who thinks
that because she inherited fine grand
piano she is under obligations to try
to play on It."
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12

With the antiseptic, fascinating Cuti-
cura Talcum Powder, an exquisitely
scented convenient. economical face,
skin, baby and busting powder and
perfume. Renders other perfumes SUI
perhuous. One Of the Cuticura Toilet
Trio (Soap, Ointment. Talcum) ADV.
Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1919-09-12
caiIIaux 10 Enter sanltarlum.

Paris.--Joseph Caillaux, the former
premier, who has been in prison for
more than year, charged with having
had reasonable dealings with the
enemy, will be pc lifted to enter a
sanitarium.