davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-05-22
No Funds Here
To Meet Russian
Bond Maturity
Holders of S5O,OOO,OOO Elk.
terl1al Issue, Due Next
Month, Face Possibility
of Default in Payment

Funds to meet an issue of $50.000,00O
threeyear 612 per cent external bonds
of the Imperial Russian government
falling due June 18 next have not
been made available, it was learned
yesterday, and holders of these securi-
ties are faced with the prospect of
having to wait until a government is
established at Petrograd which will
make provision for their payment.
Bankers who were interested in the
sale Of the bonds in the United States
in 1916 already have held informal dis
cussjon regarding the approaching ma
turity but have not yet arrived at any
decision as to what will be done. 1t is
expected that the matter will be taken
up shortly with the Federal authorities
at Washington.
Indications are, it was pointed out
in Wall Street yesterday, that the
bond issue will be defaulted and that
cept an involuntary extension. 1t is
possible, it was stated, that interest
payments which have been made reg
ularly since the old regime in Russia
was overthrow out of funds on de-
posit here will be continued on the
extended" bonds as long as the avail
able funds hold out.
The loan was brought out in June,
1916, before the overthrow of the Ro-
manoff government, by a New York
banking syndicate consisting of the
National City Bank, the Guaranty
Trust Company, ]. P. Morgan & Co.,
Kidder & Co. and Lee, Higgin-
son & Co. The bonds were sold
to American investors at 100
Under the loan agreement, simultan-
eously with the establishment of
S5O,O0O,000 credit here in favor of the
Russian government, Russia cstab-
llshed in Petrograd credit of 15O,-
100000 rubles in favor of the American
group at a fixed ratio of three rubles to
81, the ruble credit to be used by the
American bankers at any time on that
basis. At the time the loan was foated
it was believed that the value of the
Russian ruble, normally worth 51.2
cents. would undergo substantial ap-
probation over the fixed rate of three
rubles to the 81. Since then rubles
have fallen to a rate of around nine
to the ST.
The Russian 61as displayed a
stronger tone on the curb market yes
terday, and on transactions of $4,000
they sold from $57 to $50 The low
record price for these bonds was made
last year, when they sold around S36.
New-York tribune., 1919-05-22
The Dollar in Foreign Exchange

Foreign exchange rates continued
their decline yesterday, rates on all
the principal European centres making
new low records for the movement
French exchange fell to 6.73 francs
to the dollar for checks and Gil for
cables, the lowest in the history of the
modern exchanges. Demand sterling
went to s4.62as, off IS of cent to the
pound, while cables were off similar
amount at $463 IS.
Italian lire also went lower, closing
at $50 to the dollar for checks and
S.57 for cables. All Of the neutral ex-
changes were lower.
Bankers said yesterday little i'm
provement in any Of the exchanges
could be looked for until new credit
arrangements are made in this market
in favor of the foreign countries.
Closing rates yesterday compared
with week ago follow:
Quoted dollars to the pound.)
New-York tribune., 1919-05-22
Wall Street Items

Bonbright & Co, Lee Hgginson & Co.,
and 2; H. Hutton &. Sons are Offering So
cent sinking fund bonds of the Great
Western Power Company of California, due
March l, 1919 to yield 6.3S per cent.
Finance and Trading Corporation. was
elected Yesterday a vice president of the
Guaranty Trust Company. Mr. Potter
where he had been with the American
Trust and Savings Bank and the Cont
ings Bank When Colonel Grayson and
NJ. r. Murphy joined the Guaranty Trust
Company Mr.. Potter organized the Finance
and Trading Corporation, which Is en-
gagged In the general business Of industrial
reorganization and accounting.
The American Relief Administration an
nounces that the exchange rate for Fin
nish marks has been changed to $50 to
the dollar. this rate to hold good until
1t also announces that the rate for Pol
ish marks beginning May "a and until fur
ther notice will be IL Polish marks to
the dollar.
At the regular monthly meeting of the
Bond Club of New York, to be held at the
Bankers Club Friday noon. Paul NJ; War,
Reserve Board, will speak on Some Prob
lens OF the Investment Banker"
ba DOcCk, RUSntOn & Co., CHlCdRO ana
New York. announce that owing to the
growth of the Investment banking busi-
ness and tho numerous opportunities Of
fored for handling original financing and
distribution of Investment securities Ray
l.. Evans. Formerly connected with Messrs.
Kissel, kinnicutt & Co, has been asso
ciatcd with the firm manager of this
department of the organization.
Messrs. Ladenburg, Thalmann & Co. and
Spencer Trask 6; Co announce that the
cent cumulative preferred stock has been
very largely oversubscribed.
Prichitt e. Co. announce that all Of the
cumulative preferred stock and common
stock Of par value OF Weber & He'll
hroner. which was offered by them fo1
subscription, has been sold and the sub
scription books closed.
Wood, Gundy 6. Co. are Offering at par
and interest to yield 5 u per cent new
due July J. 1898. The proceeds from the
% this of pc Sssa in tn
Government per cent a-year bonds ma
turing on the first OF July. Principal and
interest are payable in New York, Mon
the holders option
tho Panama Railroad Company yesterday
at which Secretary Of War Crcwcii was
present. the following were elected direc-
tors; 7. l.. Clear, Benedict CrowclI +. A.
Drake. General O. II. Ernst. Colonel Ches
ter Harding. Genera! r. Mcintyre. r. X
Morris. Colonel J. J. Morrow. r. n. Ross
bottom, Admiral II. H. Rousseau, Com
mander L. r. Sargent, II. A. Smith,
Charles r. Williams. At n meeting Of the
newly elected board Colonel Chester Hard
ing was elected president. e. A. Drake
vice president. Colonel J. J. Morrow. sec
ond vice president, r. II. Rossbottom as.
sstant vice president and secretary and
s. Deming treasurer
Clarence Klinck. assistant treasurer OF
the Metropolitan Trust Company. has
been appointed manager OF the Fifth
Avenue office OF the company. SUCCEEDING
Roger r, kavanagh. who resigned to take
the position of Vice pre- sdent and treas
of the French american Banking
Corporation.
Frank W. Aigeltlnger has been mustered
out OF service and has resumed duties
With Klelys& Horton.
New-York tribune., 1919-05-22
The Marines

Now that the famous on-again off
again Mercantile. Marine deal has be-
come virtually fait accompli. the
common sock declines 87s points in
one day to 46 and the preferred falls
31s points TO 1929. A widely ac-
cepted figure gives the common stock
a liquidating value of $50. The liqui-
dating value of the preferred, counting
back dividends, Is put at S157. One
of the questions raised is how much
holders of the stock will get out of
it when the government has deducted
its tax.
New-York tribune., 1919-05-22
Bar Silver Slumps Again

Fresh Generalization was caused in
the market for commercial bar silver
yesterday when the New York price
fell from $1.OSA an ounce to $1o4sa
off Az cents.
Weakness in silver here followed
lower quotations in London, where the
market was quoted officially at 81
pence an ounce, against 527s on Tues
day.
The closing price of $1O45s yes
terday compared with a high last
week of $1.21. The advance to that
level, silver dealers say, was caused
by squeeze of silver spectators in
London.
New-York tribune., 1919-05-22
Taxes and the Market

Ordinarily a good part of the sur
plus funds that accumulate in the ma
tion go into extensions of plant, new
industries, new enterprises. Perhaps
one of the many present reasons for
the rising stock market is the excess
profit tax, which makes industrial in
vestment far less profitable There is
no assurance against loss, and if the
profits are big the government takes
most Of them. Therefore, persons
with surplus funds prefer to invest
them in the stock market rather than
in industrial enterprises.
New-York tribune., 1919-05-22
An Outsiders Rally

Here is how broker in large wire
house explains Tuesdays market:
The Presidents message appeared at
noon Wall Street fully digested it's
contents in an hour, and did nothing,
Toward the end of the market the
outside public had gotten the message,
construed it as constructive sent in
wire orders, and brought about the
rally. That shows where the buying
comes from in the present market"
New-York tribune., 1919-05-22
Bear Logic

The bears insist on having it both
ways. They say that if the Germans
sign the peace treaty the market will
sell off, because the news that the
market has been discounting for
months viii be out; and if the Ger
mans refuse to sign the market will
sell off in bitter disappointment.
New-York tribune., 1919-05-22
Butte and Superior Reports
Deficit for First Quarter

Total income of the Butte and Superior
Mining Company for the quarter ended
March 81. 1919, amounted to $6b1,-
8sb. This represents tho enormous fall
ing OF Of t9as,Ssl compared with the
New-York tribune., 1919-05-22
Wealth-Market estm ents

noon to per cent, and closed at that
rate. Loans on all-industrial collateral
were 1a of per cent higher.
Some banks are still asking 6 per
cent for all-industrial loans of sixty
to ninety days, but few are now
yielding to the bids of 5% per cent
1t is said that whereas time loans run
usually from $15,000,O00 to 100000
a week their weekly total is now
around s5,O00,000.
The ruling rates for money yester-
day, compared with a year ago, were
as follows:
Yesterday. ear .go
Per cent. Per cent
New-York tribune., 1919-05-22
Money and Credit

Call money opened and renewed un-
changed from yesterdays ruling rate
al per cent, but declined in the after
New-York tribune., 1919-05-22

corresponding period of last year.
Operating costs, taxes, etc., totalled
$76S,065, causing a s116,S79 deficit to
be made for the three months. In
the first quarter of 1918 profits were
1927, 1881, or S1.13 n share earned The
average price used for estimating prot
It's for the quarter was case cents
q pound.
New-York tribune., 1919-05-22

London Money Market.-LONDON,
May 21.-Closing-Bar silver, sid per
ounce. Money 31s per cent. Discount
ates-Short and three months bills
35s per cent. Gold premiums at Lis
bon, 1O5OO.
New-York tribune., 1919-05-22

Sub-Treasury. - The Sub-Treasury
lost $4,000 to the banks on Tuesday
Silver.-London, sid; New York,
s1.045s; Mexican dollars, 7911@831a.
New-York tribune., 1919-05-22

Bank Acceptarces.-.-Rate were un.
changed yesterday as follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent.Per cent.Per cent
Eligible
member
banks =. .4A@4 4AG4Is 4s@4A
Eligible
noN-mem-
Der hanks.4is@4 4A@4I4 43s@4h
Ineligible
bank bills.5A@4a 5I4@4L2 I4@4s4
For delivery within thirty days:
Per cent
New-York tribune., 1919-05-22

Bank Clearings.-Bank clearings yes
terdaY we're:
New-York tribune., 1919-05-22

FER CcnC.
Eligible member banks. ..... 4Iu
Eligible non-merlber banks... 4H
Ineligible bank bills .......... g
New-York tribune., 1919-05-22

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:
Marks to the dollar
Germany .............. 72.64
Poland .s.......... 7U.oo
tlnland ............... S.oO
Kronen to the dollar
Czecho- Slovakia ....... 1850
The Washington herald., 1919-03-30
C. w. U. NOTES.

The annual banquet OF the Law
School will be held on April %, ac-
cording to announcement by Prof
William 9. Van Week secretary of
.he Law School
Eugene Underwood is organizing a
baseball team at the Law School In
! terdepartmental games will be played.
! Gilbert i. Hall, former intercolle-
| giate debater for the university has
/ been appointed coach of the univer-
| sity's debating teams.
! Members of Prof. Lapham's class in
| water power engineering have been
| invited to attend the meetings of the
Washington Society of Engineers.
! Prof. r. X. Honaman. of the Col
/ lege of Engineering, recently took his
class in electricity on an inspection
trip to the Benning Power Plant of
the Potomac Electric Power Com
| pany.
! The senior class in structures in
/ the College Of Engineering has been
making inspection tours of the bridges
of the city to get practical hints on
details of construction.
The Architectural Departments ex-
! hibit of student work. which opened
| Thursday, will continue through next
! Saturday. The exhibit, which is be-
| ing held at the Admin stration Build
| ing, 2101 G. street northwest, IS omen
both day and evening. The public is
| invited.
The Architectural Club is ARRANGING
for a lecture, in the near future on
''The Quarrying of Indiana Lime
stone" The lecture will be Illustrated
Dick Grafton, former student in the
Architectural Department. has re-
ceived his discharge from the Engi-
neer Comps and now is working with
firm of New York architects, and
attending the Columbia University
night school
Misses Carol Walker and Elizabeth
Humphrey, both of the junior class of
Teachers College. substituted recently
in the public schools.
Miss Frances Park and Mrs. Mold.
of the senior class of the Teachers
College. are engaged in practice
teaching.
Pi Beta Phi sorority is Offering
prize of $40 for the best essay on
THE Pedagogical Aspects of the Or
ganization of knowledge"
Mrs. Otis D. SWEET, directress of
the Girls Glee Club, was a recent
luncheon guest OF Sigma Kappa So
rority.
Misses Ruth McBrien and Alma
Barker. former students, were re-
cent visitors of Sigma Kappa So
rority
Alpha Eta Chapter of Kappa Sigma
has announced the pledging of Har-
rison w. Bledsoe. of Wichita, Kan,
Law School, '2S.
Lieut.. w. w. waddell, now sta
The Washington herald., 1919-03-30
CLUB NOTES.
Political Study Club.

The Political Study Club was delight
fully entertained in the home OF Mrs.
Appleton Clark, jr. The hostess pre-
sided in the absence of the president,
Mrs. Martin Wesley Stoner.
|, The secretary, Mrs. Charles Mer-
rillat. read the minutes and Mrs. RI.
c. Rand read the treasurers report.
Among those present were Mrs.
William Myrers, Mrs. Arthur Mac
Donald, Mrs. A. L. Van Auken, Mrs.
Hiram Smell. Mrs. Ruth Hensey, Miss
Fairfield, Mrs. X. King. Mrs. Jobc.
Mrs. G. II. Dorr. Mrs. II. c. Rand.
Miss Gertrude Barnum gave a vital
talk on international Industrial Re
lations Among Women" giving a
study of the feminist producing class
from her own personal observations
OF twenty years. She compared the
different world Of the factory worker
from our own. She spoke OF our dem
ocratic method of approach being very
rare, stating that our patronizing man.
ner was felt keenly by the feminist
producing class.
Miss Barnum concluded her lecture
with a biographical sketch of a very
remarkable woman OF the feminist
producing class-a Mrs. Mary O'Sul-
woman suffrage movement. a woman
who got the eight-hour law through
the State Legislature of Illinois. a
bill for equal pay for women, insti-
tuted the child labor movement, set
tied strikes. instituted cooperative
buying for whole districts. started a
mothers union, reared three promising
children. Truly. Mary O'Sullivan
stands pre-eminent among women.
Miss Alegan Robson. assistant first
past representative for Washington.
gave a short talk on Training Camp
Activities" telling of their watchful
work in Counselling those needing
guidance.
Refreshments were served in the
dining room. Mrs. William Myers
served punch. assisted by the youthful
Miss Clark, daughter of the hostess.
The club Is invited to meet at their
April meeting in the home of Mrs.
Lewis B. Thomson, on Sixteenth
street northwest
The Washington herald., 1919-03-30
Sunday March 30. 1919.
Copyright. 1919. by the Mcclure Newspaper

NOopsnght' 1913. by the Mcclure Newspaper
syndlCatel
This is an unimportant rule OF the
planets. according to astrology. for
all the stars are feeble in their
sway.
Mars is in a place that seems to
promise freedom and good fortune
for soldiers.
The conditions are most favorable
for physicians and all who work for
the betterment of humanity.
Churches will extend their work.
as has been often predicted, but
progress will be slow and there will
be many conflicts of opinion.
All the signs seem to indicate that
the old forces of humanity will
protest strongly against progress.
They will be given the power Of
desperation but will not succeed.
Great power will be brought to
bear to overcome prohibition and
woman suffrage. which will be dis
cussed constantly in the next few
weeks. but progress will not be
overcome.
The fame of preacher who will
prove himself an organizer as well
as an orator is prOgnosticated.
Neptune is likely to affect sensi-
tive persons at this time. doubt,
The Washington herald., 1919-03-30

toned in Washington, expects to
live at Kappa Sigma house.
MRS. George s. Rice has accepted
an invitation to be a patroness of
BETA Alpha Chapter of Phi Mu.
Eiizabeth voorhees,, of Phi Mu So
rority, has returned to her classes
at the university,
Phi Alpha Chapter of Chi Omega
mas announced the initiation of
Dorothy Shaw. Helen Smith. Mar
garet smith, Minnie Henderson, Ase-
nath Johnson. Mildred Hubbard.
Eloise Tibbetts and Jean Molster.
MRS: A. b. Rugg, editor of The Ar
row, ri Beta Phi sorority magazine.
was a recent visitor of the local
chapter.
ri Beta Phi has announced the inI-
tation OF Katherine Ayres. Margaret
Ayres, Florence Bergman, Robin
Brueninger, Orpha Conelison, Eliza
beth Earnest, Mildred -Herbst. Mildred
Duvoil. Josephine Bell, Christine Rob-
ertson and Jessie Bigelow.
Joe Schaaf. of the Delta Tau Delta,
now has position in Pittsburgh.
Carl Fairbank, of the Law School,
has received promotion to lieutenant
Ounior grade) in the navy.
{. X. Yingling. who has been COM
manding a submarine chaser at
Charleston, S. c., was a recent WIS.,
itor at Sigma Alpha Epsilon.
William Lane, who served on a
destroyer in European waters dur
ing the war, has returned to the
city and is considering re-enterfng
the university.
William A. Galloway. Of Sigma
alpha Epsilon, sailed recently for
Japan, where he will serve as Sec
retary of the American Embassy.
Sigma Alpha Epsilon has an
nounced the initiation of Proctor
Paige, Law School, '2l: Frank b,
Markriter. and Wells q. Bucking-
ham. The chapter has announced
the piedging of w. l. Norris, OF
Columbia College. '21.
Jeanette Jewell, of the class of
Is, is spending the spring in Chi
cago.
Laura Volstead. one Of last years
graduates. is devoting her time to
Red Cross work at Walter Reed
Hospital.
Mrs. Ruth Ossoinach, class of 'IS.
is making her home in Memphis
Tenn, where her husband, also a
member OF the same class, is prac-
tising law.
sdThe a fprIIpa
The Washington herald., 1919-03-30
worry and uncertainty being FRO

worry and uncertainty being FRO
duced
The King of Greece 10 subject to
the most disturbing sway. for he
has the Sun in conjuction with Mer-
curry. with Mars in square to his
Jupiter. An attempt may be made
on his life and he will not remain
on a throne through his entire life.
the seers declare.
Persons whose birthdate IT Is have
the augury of a quiet year with lit
The Washington herald., 1919-03-30

Mrs. Walter e. Hutton. announces the
following as a partial list OF patron
esses.
Mrs. Thomas Armat. Mrs. Wade II.
Atkinson, Mrs. william T. Baggett.
Mrs. Margaret NJ. Berry Mrs. Newton
D. Baker, Mrs. NJ II. Bonham, Mrs.
Brandenburg. Mrs. w. G.. Brown,
Mrs. Albert Sidney Burleson. Mrs. l..
ID. Brandies, Mrs. James Boggs, MISS
Mable Boardman. Mrs. Howard G.
Bissell. Mrs. Philander p. Claxton,
Mrs. Avery Dabinett, Mrs. George w.
Eastment, Mrs. Goodwin Ellsworth,
Mrs. l.. w. Eugster, Mrs. Gibson
Fahnestock. Mrs. S. II. Ford, Mrs.
Charles Fred. Mrs. Walston Dixey,
Mrs. Carter Glass, Mrs. Cary Gray
SON. Mrs. d. c. Goodwin, Miss VIII
muth Gary. Mrs. Henry Classic, Mrs
Paul F. Grove, Mrs. Cuthburt Har-
rison. Mrs. T. w. Harrison. Mrs
Charles B. Henderson, Miss Mamie R.
Heth. Mrs. Cordell Hull, Mrs. l..
s. Hurley. Mrs. Milton Johnson.
Mrs. David Kincheloe. Mrs. w.
Ralph Lee, Mrs. Mckee. Mrs. Joseph
McKenna, Mrs. Lillian Mcmillan. Mrs.
Randolph McKim, Mrs. Walter Nc
Lean. Miss Virginia Miller, Mrs. Law
ton Morgan, Mrs. L. L. Morrill,. Mrs.
f. b. Merett. Mrs. Clarence Owens,
Mrs. w. o. owen. Mrs. Frank G.
Odenheimer. Mrs. A. Mitchell Palmer.
Mrs. Frank Lyon Polk, Mrs. Clarence
Ridley, Mrs. Leigh Robinson, Mrs.
Daniel c. Roper. Mrs. S. C. Redman,
Mrs. L. d. Robinson. Miss Mae Rog-
ers, Mrs. Rexford Smith, Mrs. Elise
Trigg Shields, Mrs Wallace Streater.
Mrs. B. l.. Stidham, Mrs. Salhe A.
Springer. Mrs. Matthew T. Scott, Mrs.
Cato Sells, Mrs. William S. Stamper.
Mrs. George Theobald. Mrs. Theodore
Ttller, Mrs. Houston B. Teehee, Miss
Mary Temple, Mrs. Jesse Lee Ward.
Mrs. Furman B. Wise. Mrs. James w.
Wadsworth, tr., Mrs. Thomas d.
Whyte and Mrs. Horace Whitaker.
The Washington herald., 1919-03-30
BEST WAY TO WASH the HAIR

We find you can bring out the beauty
of your hair to it's very best advan-
tase by washing it with canthrox. 1t
makes very simple, inexpensive
shampoo, which cleanses the hair ana
scalp thoroughly of all the dandruff,
dirt and excess oil. leaving a wonder
fully clean, wholesome feeling. After
its use you will find that the hair
dries quickly and evenly. is never
streaked In appearance and is always
bright, soft and fluffy; so fluffy, In
fact, that it looks more abundant
than it is. and so soft that arranging
1t becomes a pleasure. Just a tea
spoonful of canthrox, which you can
get from any good druggists. dis
solve it in cup of hot water; this
makes a full cup of shampoo LIQUID.
enough so it is easy to apply it to
all the hair instead of just the top
Of the head.--Ady, II
The Washington herald., 1919-03-30

and patronesses are: Mime. NJ Col
lardet (the wife of the military at
tache to the French Legation); Mrs
Franklin d. Roosevelt. Mrs. Frank
Mcintyre. Mrs. William Crozier
Sonora ]. Riano. Mrs. Peter Drury,
Mrs. Ben Johnson, Mrs. John Com
mack, Mrs. NJ. Brooks. Mrs. Milton
The Washington herald., 1919-03-30

tie that is disturbing. but domestic
AFFAIRS may not be altogether salts
factory.
Children born on this day may be
high-strung and careless. These
subjects OF Ariss are likely to have
uneventful lives.
The Washington herald., 1919-03-30
Plead for Lives of :,
Finnish Legislators

Stookholm.-Eight members Of the
former Finnish lower house OF cos
gress are under sentence OF death. as
well as numerous other persons of
major and minor distinction. A ma
jority Of the members OF the Swedish
RiksdaY in a manifest 20 the Finnish
white government have asked their
lives be spared.
The Washington herald., 1919-03-30
CONTINUED FROM PAGE EIGHT.

llst OF patrons and patronesses for
the beneft concert to be given at the
New National Theater on April for
tne Sisters ef Notre Dame in Bel
gum. under the auspices of Trinity
college. Trinity girls will usher and
sell candy and flowers. The patrons
The Washington herald., 1919-03-30

Bass, pickerel,' pike. perch or
porgy can be used in making delicious
fish jelly.
The Washington herald., 1919-03-30

The Dixie ball to be given by the
Robert L. Lee Chapter. No. GA. United
of the Confederacy, at the
New willard, Easter Monday, April
q. promises to be the largest and
most enjoyable ball ever given by
this chapter. The committees are be-
ing rapidly formed and the president,
The Washington herald., 1919-03-30
HOROSCOPE.

The stars incline, but do not compel.