davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Money! and Credit

net increase of $27, 636,396 in the
borrowings by member banks last
week was revealed in yesterdays week
~ statement of the Federal Reserve
355,T40, contrasted with S91S,719,344
for the week ended December 5. The
increase was brought about apparently
by increased discountings of CONNER
cial paper and bankers acceptances, as
the loans on government war oblga-
tons decreased from S667,512,631 to
1854 ,401, 143. This reduction Of $13,111,-
4SS may have been due in part to the
increase last week in the rediscount
rate on Liberty bonds and Victory
notes, but this action came too late in
the week to have exerted an important
influence.
The weekly statement of the New
York Clearing House, which has as
sumed a position of minor Importance
since the establishment of the Federal
Reserve System, showed total loans
and discounts to be S5,143, 208, 900, an
increase of s37,905,000 over the aggre-
gate of week ago. Net demand de-
posits increased SAT 1882, 900 to $4,123,-
100000, and United States government
deposits dropped from $751; ,017,O 900 to
500 gil goo, so that the net Withdrawals
for the week amounted to $52,406,000.
estimated as high as s65,000000 by
bankers early in the week.
Bank Clearings.-Bank clearings yes
terday were:
Exchanges Balances
Baltimore .....$17, O92,7S6 1880, 1889
Boston ......... 7S,294,0S4 18,437 ,O37
Philadelphia go. s3,033,642 23,570, 260
Silver.-London, 7S1ad; New York,
$1.31 u. Mexican dollars, $1.00h.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
United Light and Railways
Company Passes Dividend

At meeting of the directors of the
United Light and Railways Company it
was voted to pass the quarterly divi-
dend Of per cent on the common stock.
The regular quarterly dividend of ~
per cent on the preferred stock was
declared, payable January 2 to stock
holders Of record December Is.
A statement issued to stockholders
said in part: ut is thought wise to
defer the common dividend pending
the working out of many questions in
volved in international commerce and
finance, more reasonable money condi-
lions and the solution of the return of
normal conditions of coal supply"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Pierce Arrow

Every time Pierce-Arrow common
goes up the old story comes out that
the General Motors interests are buy
ing control of the company. 1t hap
pened again yesterday, when the stock
advanced points to TIN 1t was re-
ported in connection with the better
tone displayed by Pierce-Arrow that
the interests affiliated with the Cen
eral Motors crowd have corralled l00,-
600 shares out of the total of 25O, 900
outstanding. People who bought
PierceArrow on the numerous tips of
buying for control by new interests
are having extreme difficulty in get
ting any definite news on the situa-
ton with regard to the stock. There
have been days recently when Pierce
has looked extremely bad from the
viewpoint Of the market trader. and
again days when it has looked as if
1t were poised for another such a RAM
page as carried it close to par few
weeks ago
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Brooklyn Union Gas Company
Passes Quarterly Dividend

Directors of the Brooklyn Union Gas
Company have passed the regular quar-
terly dividend Of "a per cent, which
was due to be paid on January 1, 1920.
The immediate cause for this action
was that earnings under the present
eighty-cent gas law do not justify a
continuation of the Disbursements
The company has been paying divi-
dends since 1896, the year after it's
incorporation, having started on per
cent basis in that year. In 1904 the
rate was increased to 91a per cent, but
in 1909 the rate was again reduced to
= per cent, with an extra dividend Of
2 per cent from 1912 until last year.
when excessive costs caused a discon-
tinuance of the extra payment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
In Wall Street
Jesse. Livermore Bearjsh

Jesse Livermore, who, ACCORDING :.
the gossip Of the Street, has been 20 20
important factor in shaping the cou, an
of prices of speculative stocks Of ,sts
is still said be extremely beariss'
Early in the week he had a heavy l; ,a
Of short stock out, and after coy.r; n's
that is reported to have gone sharss
again. Yesterday he was said to !.
buying stocks, apparently for shor.
covering purposes, but his attjtnds
toward the market as regards the lons
pull is stated to be unchanged. Is
other words, he believes that we will
see much lower prices before next
spring.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Czecho-Slovakia Loan

The loan which Czecho- Slovakia has
just arranged with French banks in
wolves a 100 100000 franc credit, IT be-
came known yesterday. Part of this
viii be used for purchases in France,
but share may be spent in this coun-
try for cotton. The Czechs speciicai-
ly asked the French to transfer part
of their own balances in the United
States to them, and bankers expect this
to be done
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
National Bank Profits

Thirty-one national banking institu-
lions in Manhattan show earnings
during the past twelve months ranging
from to IS per cent on capital, &C.
cordlng to compilation made by the
Financial Age
In actual amount of net earnings the
Chase National Bank leads with ST.
100000. The National Bank of Com
merce is second with $7,369 900. and
the the First National is third with s7,175,-
600. The National City stands fourth
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
what Do You Think of the Market, >.

A stockbroker: "Liquidation of sp..-
ulative accounts has been pretty ~,
cleaned up. Some of the selling va
have seen this week has been invest
ment liquidation. 1t has not been yerv
extensive, however, and personally
don't think it will be unless holders ara
stampeded into selling by fears Of an
international financial catastronha
The market is away oversold."
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Stromberg Carburetor's Quarter

For the quarter ended September 80,
1919, the Stromberg Carburetor Corpo-
ration returned surplus after charges
and Federal taxes of $1O2,342, equiva-
lent to $2.04 share earned on the So
600 shares of capital stock. After div
idends of $4,000 had been distributed
the balance was $52,342.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
HOLIDAYS This Week

- Monday-1n Brazil Estate of Sac
\, Tuesday-1n Brazil Estate of Goyaz)
New Zealand Canterbury, South
African Union.
- friday-ln Brazil Estate of Parana)
bulgaria, Greece, Rumania, Scribe
(half holiday, Venezuela.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14

lar In terms Of foreign money Mt cur
rent exchange value, that Is, II you
were buying dollars with pounds,
marks or francs, its value at the close
Of last week, as compared with . year
ago, follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
What to Buy

Under the caption Good Purchases"
the Stock Exchange house of Wrenn
Brothers & Co. says: ''Investors are
naturally considering what stocks may
best be bought for the January rise, IN
case such movement occurs. 1t IS 10
be recalled that throughout the entire
war period, from 1915 to date, the
speculative stocks rather than thoss
possessing demonstrated investment
value have been the ones to rise the
most. indeed, the publication OF actual
monthly or quarterly earnings has been
and still is a drag upon a stock rather
than a help to it. Whether it is rea
sonable or not, the public buying OF
different issues is proportionate to
neither assets nor earning power. but
rather to rumor and to good prices.
The stock of a company whose prod
ucts are selling at fancy prices or
whose earnings are rumored to be ex-
ceedlngly large advances very easily
and rapidly regardless Of such dry de-
tails as net earnings after taxes or
assets per share. Even when occa-
sional statements of actual earnings
prove the rumors to be gross exaggera
tons it is instantly argued that great
increase in earnings has taken place
since the date of the statement. and
the stock after temporary setback
bounds up again. Furthermore, It was
always thus in war markets, and there
seems to be no reason for supposng
that the market will not continue to
act in this manner, at least for the
next month or So"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
The Technical Position

Most observers agree that the tech
nical position of the stock market is
strong. They base their conclusion
on two things-first, the steady SELL
ing that has been going on during the
last week by spectators for the de-
cline, and, second, the existence of
potential short interest in the shape
of vast amount of sold-out stock for
the purpose of establishing losses
which may be repurchased when finan-
cial conditions show improvement.
Many people have sold stocks to estao-
hsh losses and have not bought them
back because they have felt that with
the trend of prices apparently down
ward they would be able to get their
stocks back lower. Any improvement
In prices naturally tends to make such
people nervous over the possibility OF
losing their position.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14

The Ave story building at 294 Fifth
Avenue will be occupied by the salesrooms
and office OF tho Lehigh silk Hosiery
Mills ~ soon as alterations are completed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Dividends

vulcan DEFINING Company - An extra
oiHldend or per cent account OF &C
cumuiated dividends on the preferred
stock has been declared in addition TO the
regular quarterly dividend OF :. per GENT.
both payable January 20 TO stockholders
OF record January 10
Regular Declarations
Rate and Holders
Period Payable OF Rec.
Am POWER & l. pf 133 q Ian 3 Dec II
commonwealth pf.. Ia. Q janis Dec ST
Gontoocoom Mil pf-s1.T5 q Jan , Dec Is
II fsso Electric pr So 90 SA Jan y Dec 20
falr OH & Gas. . Q Dec % Dec 20
irving Savings Bank sA --N -.
Warren Bros LIST pr ~ @ Jan Dec "a
DO "a pr. IL Q Jan 2 Dec 20
" Westinghouse A Bills q Jan 81. Dec 81
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14

with s5,396,ooo, and the National PARK
Bank fifth with S4,771 900.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-07
Atmosphere is Laden With
Germs Of The Disease.

Every person afflicted with Catarrh
releases millions of the tiny disease
germs with every cough or sAeeze, 50
that whenever on the street an or
street or other public place you see a
person afflicted with this disease
hawking and coughing and Sneezing,
everyone in their vicinity is exposed
to the disease.
You along with everyone else will
find yourself exposed to the germs of
Catarrh several times every day. The
germs multiply by the millions, and
the air you breathe is thick with these
tiny little disease demons that cause
50 much distress and suffering.
Catarrh is n Of the most stubborn
diseases, and is always worse in cold.
damp and diAgreeable weather. It
should not, however, be considered in.
durable, though there are thousands
afflicted with it who are doubtless
ready to believe that a sure is impOssi.
bic, because of their experience.
But like Ill other Affections, the
main trouble is that Catarrh is en-
tirely misunderstood, and therefore
treated in the wrong way. Because
these little germ demons attack the
delicate membranes Of the nose and
throat, choking up the air passages
and irritating the tender lining of the
AoStrilS and broAchial tubes, the aver
age sufferer makes the mistake of
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-07
Millions Of Catarrh
Germs AaOat in the Air

treating merely the symptoms Of the
dlssase, and oVerlooks its Gauss.
You must realize that Cstarrb /,
more than a mere local irritation that
stops up your nos and irritates Your
throat and ehOkes up your breathing
apparatus.
Tour blood is saturated with CstaHh
germs, and these Will continue thoir
irritating attacks a long al thew re-
main in the blood.
The only sensible treatment, these
fore, is the n which will rout -
disease germs from the blood.
This is why the most satisfactory
remedy for Catarrh is s. s. s., tn
famous old reliable blood uuri6sr.
3. y. :. has been used successfully
Tor Catarrh for more than Fifty years,
ana 1t is the n remedy that attacks
n source of the disease, cleaning
the blood thoroughly, and eliminatipS
a1o It every trace Of disease esFms.
II you want a remedy that goes al.
rect to the seat of the disease, bsQin
TO take S. S. s. to-day, and throw
away your atomizers and other local
treatment that cannot possibly reach
your Catarrh. You will be dclishtoa
after giving this remedy q trial. and
VIII soon find yourself on the read Il
a complete recovery. 8. s. 9. i -
By druggists everywhere.
Begin It's Hse to-day, and write YOr
irse medical advice shout your "
individual case. . Address Chief Med.
zeal Adviser, 1903 Swift laboratory.
Atlanta, Ga.-(Adv.l
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-07
TRUSTEES SALE,

De1ault having been made in the "a,
nhent OF the debts and obligations *
cured to be paid in a certain deed
trust, executed the 2lst day Of Noven
per, 1917, by J. B. Simmons and wifi
Josephine Simmons, to the undersIRne
as trustee, as same appears OF record
the office Of the register Of Shelf
county, tennessee, in book $50. mage K
and the owner Of the debt secured Ia,
ing requested the undersigned to az
vertise n sell the property secured i
said deed Of trust, all Of said indebte,
ness having matured by default in III
payment Of a part thereof, at the optic
OF the owner, this is to give notice thu
THURSDAY, MAY %, 1918,
Commencing at IL o'clock moo at tn
southwest corner Of the COURTEOUS
Memphis, Shelby county, Tennessee
and at the Adams avenue entranC
thereof, proceed to sell at public out
cry to the highest and best bidder II
cash, the following described propert.
Situated in Shelby county, Tennessee,
as follows:
Lot No.. twenty-seven (2D Of II
vision, fronting forty-five as feet 9
the east side Of latham street an
running west one hundred, twenty-fi
125) feet between parallel lines to tn
west line Of Athens place.
All right and equity of redemption
homestead and dover waived in sal
deed Of trust, and the title is believe
to be good, but we will sell and cor
yey only as trustee.
BANK OF COMMERCE & TRUST CO.,
Truste,
By. s. J. SHEPHERD, Trust Officer
This Anil an 1910
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-07
COMPULSORY TREE
PLANTING NOW IS
NATIONS BIG NEED
Exhaustion of Forests Will
Mean Abandonment of
Many Industries Now En-
pOlying Thousands.

WASHINGTON, May THE com
pulsory practice Of forestry on private
cumberland, coupled with a liberal pol
icy OF public cooperation and assist
ance, was advocated by Henry s.
Graves, chief Of the United States for
est service, in a recent address In Bos-
ton beofre the New England forestry
congress.
Our country is progressively de-
stroying its forests said Col Graves.
The consequences are very far-reach-
Ing. The exhaustion of the forest is
followed by the closing Of industries,
the steady increase Of waste lands, the
abandonment Of farms that depended
for their market on the lumber COM
munities, and the impoverishment Of
many regions.
n section of the country can af-
ford to have a large part of its land
an reproductive waste, with the loss
Of taxation value, Of industries, and Of
population that would be supported II
these lands were productive. No sec
tion can afford to be dependent for
It's supplies Of wood products on an
other section from 900 to 5000 miles
away"
The leaders Of the Southern pine it,
dustry, It was pointed out, say that
he original supplies OF pine In the
South will be exhausted in 10 years, and
NhhN With i've years NOT less lndl
5000 mills viii go out of existence.
Already there is an acute problem
OF supplies for paper mills and for
other industries in the East which use
specialized material said the Forester.
Pacific coast timber Is entering the
Eastern markets. This means that the
price OF homegrown timber has risen
TO q point making 1t possible to ship
timber 5000 miles in competition,
Timber land owners have not rec
ognized an obligation to prevent their
properties from becoming a source of
INJURY TO the community, Even in Or
ganized fire protection the chief effort
Is confined, to the>stands of merchant |
able timber, The character of the for
est problem Is such as to require the
participation II direction of the pub
lie. We are not going to meet the !
situation until the public takes hold OF |
1t.
There should be compulsory fire |
profection of cut-over lands as well as
timber, The public should
prohibit destructive methods Of cutting
that injure the community and the
public at large"
AT the same time said Col. Graves. |
there should be recognized a public |
obligation not to throw the entire bur
den on private owners through merely
restrictive measures. but liberal action |
to aid owners In introducing forestry
should be taken.
The public should provide n sane
system OF taxation; it should cooperate
IN such problems as overproduction Of
lumber land classification, colonization, |
problems of labor, technical questions
relating to methods of practice. and
other economic, industrial and technical
involved in a constructive pro-
of forestry"
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-07
JELL|COE TALKS Of
NTCHENER'S DEATH

LONDON, MAY 7-Amid the argu.
ment about the battle Of ,Intlan nd ,nnst
| people have overlooked another MAJ
Yer OF controversy in Lord ,Jellicoe's
book, and IL Is equally a case in which
he was called on To take n pra We do.
cision, and, In the result The n,ieation
also arises, "Was ,Jelljcoe righfSi
Was he right in sanctioninp the ia.
| parture OF the cruiser Uamna6 ,rn r,Iith
Lord Kitchener on bon I'd nn thhe mnmonI
ming Of June 8, 1916? "
Lord Jellicoe's own story ~ tho
events that led 10 tho disnstor AVA
the death Of Lord Kitchener is heing
much discussed, and widely confiirte
ing opinion on his decision havn lh
expressed. ' wv"
The Field Marshal visited the fine
ship and lunched with Lord ICl,icose
Lord Kitchene imnreased mo .tronal,
with the idea that he was wTorking ~
a timetable" a v Lord .%JeIiicoe Sand
hat he felt that he had not a dav ~
| lose, He was most anNtous moi T." Ioeo
a moment on the sea trin and ouIn6
| me more Than once wbat 7 ",u aShou
the shortest time in wbici, thn n@o
| could be made, y" "'e' WV p"9e"eo
"nurinp thn dav tha uo,1ho. -,
Scana witch had hco, baa ~ w ~ CIV
| Ing, rradnnilv become ~ Nv ndo'h,
| the afternoon II vas hIoUua,iip,y anu ~
| from the ortbeastw ~ I'd "a s"ie
| originally Intended thnat tba .@u 9er rn
| should take Tho route winch nassed uv
the eastern side Of tba Nj p"SseH w
| Ing the ehannel ~ordinarilv Hs Scarch bo,ow y,
mi NO or"unri uiu.naiiis Searcneu ny
measure 'Ihp ut g V the nort as q routine
was causIpg ~ mv ahcmStully sn,e
mina S~,can1ra@ m."Ns sea ~ 'nat sue
ana Il was aisn ""hyious ~ - puesllo.
ine destrn,,ors co,,i1 no. Wv tscort-
| nj Shleh .ns.a N''" NV iaoe tue sea
- ddisppNNsSsoa ,u,,h - ,
route on tho ~ ny etatl WIFI
| he Tho safaaS 80 W tea sids, WVutu
| tho uamnsSI,N anu Lina.S uetlueu tnal
| ana nat tnmn sn"uIu paSs close lhSuore
inc T,,,bar w atIsaha.nSe Iouls pass
SHE Skerry n"'"'""ia near
m 100 ",.uL.JJ"bno n -
| Jellicoo 10 con muni ni,ueuIeu loru
ny WIN ,'a",uS ~ ents ueelsinn were,
would Ia lass "a ona ~ WIN .no.e
No." We We sea ahu 'ielttuTe more
knen w y, nhe h~esIrpSets pel"s ap'o 10
IN u ~" ~ ip1 niit.
| nj" was piaetlSalIg lnlposslplo lhal
a aS 1870 'Vuru nave oeen Il'reu pS
sbort nnsss.aos ,nnnuLIafcr' o"lns 10 inc
shor,"ess OF .ne nights.
auyil,a rtos ~ wna w uscu ny llsc.
fronnan .ee' "mu was therefore uhue
IN rnaar5 'Stuo". ~ -,
roii;,ne $500 ~ Wy seVonu puIh's LorV
lawns NV anamv 'uaI a. LIE uhte 'i,ne,
lasius ~ enemy submarines hau peer
son.,hea 70 Wnters vel. to the south
abt,, ha,ansa VI ruulih' pIesunl
act}on VI .neH siliall tauius OF
'har '@nsel iruls thls source was
~Ynote '''''e'eu " oe very re-
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-07
TRUSTEES SALE.

BY virtue Of a certain deed Of trus
dated September 10, 1909, executed b.
j.. w. Howard and Ella Howard, hi
wife, and recorded in Book 45S, PaE
81, in the Registers office of Shelb!
County, Tennessee, to the undersigne'
trustee, default having been made,
will, at the request Of the beneficiary
on
THURSDAY, MAY %, 1918,
at the southwest corner Of the Sheib,
County courthouse, at the Adams ave
nue. entrance thereof, in Memphis
Shelby County, Tennessee, within lega
hours between IL o'clock noo and on
o'clock p. M, sell at public cutlery. 7
the highest bidder for cash the fol
lowing real estate. to-wit:
Being lots numbers twenty-nine (2s)
thirty (30), and thirty-one (31l, Il
Block number five (5), Of e. r
Meacham's "Trigg Avenue Place" sub
division. A plat of said subdivision be
ing duly recorded In Plat Book 4. Pag'
60, in the Registers office OF Shelb.
County, Tennessee.
Equity Of redemption and Homestead
waived in the trust deed; title be
Iieved to be good but I will sell an
convey as trustee only.
M. l.. MEACHAM, Trustee.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-07
TRUSTEES SALE.

BY virtue of a certain deed Of trqek
dated November 20, 1918, executed BY
j. l.. Nicholas and wife Maud Nicholas.
and C. w. Jones and wife Flora Jones,
and recorded in Book 583, Page 2SS,
in the Registers office of Shelby. Coun-
ty, Tennessee, to the undersigned trus.
tee, default having been made, ] will
at the request of the beneficiary, on
THURSDAY, MAY 20. 1s1s.u -
at the southwest corner of the ShelA'
County courthouse. at the Adams ave-
nue. entrance thereof, in Memphis.
Shelby County, Tennessee, within legal
hours between IL o'clock noon and one
o'clock p. m, sell at public outcry. TO
the highest bidder for cash h fob
lowing real estate, to-wtt:
Being lots numbers t~wenty-nine (2s).
thirty (3O), thirty-one (31), thirty-two
(32), thirty three (33), thirty-four (34),
thirty-five (35), thirty-six 1857, thirty
seven C37), thirty eight (3S), thirty
nine (3S), forty (4o), forty-one (41),
forty-two 42) and forty-three (43), In
block number six (6), Of r. Z. Meach-
ANS 'Trigg Avenue Place" subdivision.
A plat Of said subdivision being duly
recorded in Plat Book 4, Page 50, in
the Registers office of Shelby County,
Tennessee.
Equity Of redemption and homestead
waived in the trust deed; title believed
to be good but / will sell and convey as
"' nErA~uy.,x So