davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-02-16
Little Competition in
Mackinaw Cloths Now

The low prices now quoted by the
American Woollen Company on macki-
nav cloths, used in storm coats, have
almost eliminated competition in this
field, it is said in the trade. One firm
which showed some mackinaws about
the time the armistice was signed re-
Gently reduced its price from Sc yard
to So yard, and still its price is above
that of the American Woollen Com
pany's mackinaws.
~ asked our mill superintendent" )"
said member OF this firm. ''if he
could duplicate the American macki-
naws. He said he could make them up.
but that the lowest price he could
figure on them would be 20 cents a
yard higher than the Americans
tigura-"
New-York tribune., 1919-02-16
M Markets-Investm ents

is held up pending the final action of
the peace conference. Meanwhile GER
tain foreign countries are putting out
feelers here looking to the establish
ment of private commercial credits
similar to that of s5o,0o0,OOo just ar
ranged with local banks for the account
Of Belgian interests.
Exchange rates moved rregularly
last week in the local market Rates
on the Scandinavian countries tended
downward, although the movement was
not pronounced. Rates on London and
Paris were comparatively steady.
IT you calculate the cost of the dol
lar in terms of foreign money at par
value-that is, if you were buying dol
lars with pounds, marks or francs-its
value at the close of last week, as COM
pared with year ago, would be about
as follows:
New-York tribune., 1919-02-16
Gloomy on Copper Outlook

Discussing the outlook in the copper
trade, the current issue of "The En-
gineering and Mining Journal" says:
There are troublesome days ahead,
and they may last long time. We
must expect a convulsive market for a
while, and also we must look for lower
prices being made-perhaps so low
that they will be jolt. We have a
situation now in copper, as we'll as in
lead and zinc, wherein the cost of pro-
duction does not mean anything in
the market. Many producers will find
it necessary to cease producing. The
more production is curtailcd the better
will it be for correction of the sur
feited condition.
New-York tribune., 1919-02-16
Stutz Motor Earnings

Net sales of the Stutz Motor Car
Comnanv for the year ended Decem-
Der 81, last, were S3,596,557. a decrease
Of ss46.T5S from the preceding year.
Cost of manufacturing amounted to
Sl,Ssl,s3S, leaving gross profits of
SSA4,719. or $462,6l5 less than for the
year before. Other expenses of $69.-
T36 were DE- ducted. leaving balance
OF sa7i,sSS, L decrease of S454,7l4. Net
profits were S594,047, or equal to s7.9s
share earned on $4,000 shares of
outstanding stock of no par value. Net
profits in 1917 were equal to $14.3S q
share.
New-York tribune., 1919-02-16
The Dollar in Foreign Exchange

The principal development in the for
cign exchange market last week was
the announcement Of the Foreign Ex-
change Division OF the Federal Reserve
Board lifting the ban on the transfer
Of funds to certain parts Of the former
Austro Hungarian Empire. Under tho
ruling just made interests. here will be
permitted to make remittances to Bo-
hemia and Moravia, the provinces that
are under control of the Czecho- -Slovak
council.
Transactions in foreign exchange In
this market continue on compare
lively light scale. A great deal of
business Of an international charsctar
New-York tribune., 1919-02-16
British Chemical Makers
Active in South America

British manufacturers of heavy
chemicals are receiving many orders
from South America, while inquiries
from that source for American goods
are rather slow. 1t was explained yes
terday by one of the leading producers
that the reason for this condition was
that British manufacturers are able
not only to deliver cheaper than
Americans, but their plants are also
better prepared to handle this business.
This manufacturer intimated that the
opinion was growing that while Ameri-
can plants operated 100 per cent on
war work, their British competitors
reserved so per cent of their operations
for the productions of export orders
and thus, he declared, have the jump
on American chemical manufacturers.
New-York tribune., 1919-02-16
Russian Bond
Coupons Paid

Such interest coupons as were pre-
sented by holders of the 51s per cent
Russian internal bonds yesterday were
paid by the National City Bank. Au-
thority to make the payment was re-
ceived from the Russian Embassy. 1t
is understood that the coupons were
paid with Russian government funds
that have long been on deposit with
the National City Bank.
Coupons cashed Yesterday were paid
on basis of Is cents per ruble, com
pared with normal par value of 512
cents.
New-York tribune., 1919-02-16
Massachusetts May Open
Fiscal Agency Here

The State of Massachusetts is con-
sidcring establishing fiscal agency
in New York City. The Committee on
Ways and Means of the State Legisla-
ture has framed bill to this end. 1t
is proposed to give the Massachu-
setts State Treasurer authority to de-
posit in a national bank in New York
such sums as necessary foc public in
terest, but not to amount to more
than 40 per cent of the paid-up CAPT
tai Of the institution.
New-York tribune., 1919-02-16
Japanese ShipbuiIders Active

Japanese shipyards are expected to
turn out 181 steamers, aggregating L.
1925 tons dead weight, during the
current year Consul General George
H. Scidmore at Yokohama reportes that
such large corporations as the Kawaski
Dock Company Of Kobe. the Mitsubishi
Shpbuidng Company at Nagasaki and
Kobe, the Asanc Shipbuilding Company
at Yokohama, the Uraga Dock Com
pany and several others, all representa-
tives in the shipbuilding trade of Japan,
are contemplating expansion on large
scale for tho post-ballum trada-
New-York tribune., 1919-02-16
T telephones
Beekman 5000
Beekman 8243

her sole means of living; you may
cake away the 500 share of stock
from the little saver. But if some
plutocrat happens to have nearly
all his money invested in indus
trial enterprises you leave him un-
touched. You even enrich him, for
you make it cheaper for him to
transport his goods. You tax peo-
pie to the extent of their sordid-
ness in owning securities in an in
dustry engaged in carrying food
and goods from places where they
are not needed to places where they
are.
New-York tribune., 1919-02-16

the grades of new clips being exported
are plain dark heavy clips, dark fan
nels and some merinos. Practically
all the new clips being purchased at
poses. Old woollen rags being shipped
across are dark, black, brown and blue
worsteds and some light stock. Mixed
softs have advanced materially and are
quoted here at II to 1919 cents. Rough
cloth is also advancing and is quoted
at to 7Ia cents
New-York tribune., 1919-02-16
Regular Declarations
Indiana Pipe Line Net Falls

The annual report of the Indiana Pipe
Line Company for 1918 discloses net
income amounting to s1,146233, or
equal to $11.46 a share earned on
S5,oOO,000 capital stock. which compares
with $1454. .l54, or the equivalent to
Sl4.54 share earned during 1917.
Dividends shared by the stockholders
OF the company aggregated S105O,0O0,
decrease OF 9l5O,OO0. Surplus
amounted to s96,233, or s157921 less
than for the year before. Profit and
loss surplus was placed at 81 827 462
New-York tribune., 1919-02-16
Exports of Rags Increase
On Lower Ocean Freights
Business NeWs Bureau
Special Correspondence

BNslneaS NeWs BNycdu
Special Correspondence
BOSTON, Feb. 15.-Lower ocean
freight rates have rendered expectation
of old and new woollen rags to Eng
land much easier. Shipping of this
stock has caused the price to advance,
the rise even being reflected in grades
which are not being exported. Mills
manufacturing reworked wool Are busy
filing sample orders, and when condi-
tions are less chaotic than at the pres
ent time it is expected that they will
do a mara profitable business. Amanx
New-York tribune., 1919-02-16
Money and Credit

=, Loans and discounts of the New
! ork Clearing House banks expanded
o9,037 900 last week to $4,803 $40 900.
Net demand deposits, as shown in the
statement issued yesterday increased
S498,000 to S3,795, 900. The gain in
the loan account was considered strik-
ing, in view Of the general slowing
down of trade and the falling off in
commercial borrowings, and was attrib-
uted to operations between the govern
ment and the banks
013,760 to s52,415, 5,48O United States
deposits with the banks amounted to
$284,382,000 at the end of the week,
compared with $269,5 900 the week
before
Gold in the vaults of the Federal Re
serve Bank of New York and to its
credit in the settlement fund at Wash
ington decreased from $33S,414,397 to
$282,990199 during the week ended
February Ia. Rediscounts and ad-
vances against commercial paper stood
a. $51 ,449,135 at the end of the week,
compared with s49,225,916 the pre-
vances against United States obliCa-
tions amounted to S751 OF, ,272, com
pared with $699, 9,720,557 the week pe-
fore.
Bank kAcceptances.-Rate were steady
in fairly active market yesterday.
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Fer cent.Per cent.Per cent.
L ig 81 Q
member
banks -. .4a@4 4A@4i. a.. @4A
f | i G j b c
non-mem
Der banks.4a@4 4s@4I4 42s@4ls
Ineligible
bank bills.5I4@4Ia 5I4@4Ia 5l4@4a4
For delivery within thirty days:
Per cent
Eligible member banks ......... ais
Eligible non-member banks. g.. 4Ia
Ineligible bank bills. ........... s
Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper for all periods up to ninety days;
New-York tribune., 1919-02-16
Deposits

Increases in deposits since the sign
ing of the armistice have made up the
losses sustained during the last cam
paign, so that the leading savings
banks face the impending government
operation in stronger position than
ever. For New York City the increases
have aggregated S100,000,000 in the
past three months a result of money
boarded during the war period having
been brought from its hiding places.
New-York tribune., 1919-02-16

At least one CONTROVERSY be-
tween England and America which
does not promise to be peaceably
settled is the question of which
nation knows the least about eco
nomics. We insist that it is our
selves; England disputes it. A year
or two ago Mr.. Vanderlip called
us "a nation of economic illiterates. -
Now the London correspondent of
The New York Evening Post" in
explaining the British strikes, re-
marks: "Matters were made worse
by the fact that the average COM
prehension by our public of the
rudlments of economics is much be-
low yours"
New-York tribune., 1919-02-16
Cotton Waste Firmly Held
Business Netrs Bureau
Special COrrespOndence

BOSTON, Feb. 15.-Dealers in cotton
waste are holding out for good prices,
because most of the stock they hive
on hand was billed to them on higher
basis. Consumers among the spinners
assert that they have no orders and
therefore do not wish to buy stock at
present. Bedding stocks are 'ull but
firm. Lintcrs are still an uncertain
factor and the government prices on
them appear to be relatively higher
than those at which waste is now OBJ
tainable.
New-York tribune., 1919-02-16
Relevant Comment
National Lead Stock Offering Successful

Reports that the recent offering Of
5000 shares Of National Lead stock
to employees at so would be abandoned
because Of an unsatisfactory response
were characterized at the offices Of
the company yesterday as "mcre rub
bish." 1t was stated that there had
been an overwhelming oversubscrip-
ton, and that allotments would have
to be cut down. Only 100 shares Of
the stock changed hands in yesterdays
market, the price of 67 being un-
changed from FrdaY's closing sale.
New-York tribune., 1919-02-16
London Money Market

LONDON, Feb. 15.-Closing: Money,
3M per cent; discount rates, short and
three months bills, 1872 per cent;
gold premiums at Lisbon, $500.
New-York tribune., 1919-02-16
;. D. & o. improvements

psnas psSs baltimore g. Ohio Railroad or
Imaxsu approximately IS 900 900 for
bs.Asysmsntg II. On its lines lagf war
bfv ssmDsny has just made an inyen.
nssf 1ao expense report to the goytrn-
New-York tribune., 1919-02-16

The Fedt raj Reserve Bank Of New
York has put in force the following
schedule of rediscount rates which
apply to bankers acceptances: Maturi-
tics UP to 15 days, per cent; Is to
so days, inclusive, AZ per cent; 81 to
80 days, inclusive, Az per cent.
New-York tribune., 1919-02-16

Sub-Trcasury. - The Sub-Treasury
rs-ncd s179,000 from the banks on
Thursday.
Silver-London, 48hd, unchanged;
New York, 101hc, unchanged; Mexican
dollars, 77hc. unchanged.
New-York tribune., 1919-02-16
Dividends
Extras

Extras
United States Envelope Company
Extra dividend of $3.50 a share on
the common stock has been declared,
in addition to regular semi-annual div
idends of $3.50 share on preferred
and common stocks, all payable on
March |
New-York tribune., 1919-02-16

The above rates express tie cost of
foreign mouey in terms Of the Ameri-
can dollar. You buy an English pound
sterling, say, at $4.7524. The intrinsic
parity is 4.SG5s per pound. Thus, you
say either that pounds are at a dis
count or that dollars are at premium,
which is owing to the fact that in Eng
land the demand for dollars with which
to settle accounts in this country is
greater than the demand in this coun-
try for pounds with which to settle
accounts in England.
New-York tribune., 1919-02-16
New York Clearing House Banks

by Clearnc
from
8
n
reserve III 775O4O0o
o79572900
Net time deposts 14o668000
Circulation 36,166000 $4,000
Excess 52,41548O
Aggregate reserve 555,93000 bo76o0o
tates S284382o
New-York tribune., 1919-02-16

Among the fallaces in which A.
b. Garretson, head of the Order
Of Railroad Conductors, INDUCES
before the Congressional commit
tee is this: eve are strongly of
the opinion that the railroads can
best be administered by a direct
governmental agency operated not
to make profits but to furnish SER
vice at actual cost to the people"
Here is the alternative: If the
government took over the railroads
it would have to pay for them or it
could confiscate them. If it paid
for them it would presumably be
by the. facile method, suggested by
the unions themselves, of offering
government bonds in exchange for
outstanding railroad securities. If
this is done, and a fair return is
allowed, then the return to security
holders will average about the same
as before the railroads were taken
over. That is to say, the pcrnicious
thing called profit" will remain.
The only way the roads could be
operated not to make profits would
be by confiscation. But this has
elements of unfairness which should
be obvious even to Bolshevik.
You are taking something away
from the rich; but where the blow
hits is entirely matter Of chance.
You may deprive widow with
$4,000 all in railroad bonds of
New-York tribune., 1919-02-16

Nominal.
Below is given the current exchange
value of foreign money in dollars and
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint:
New-York tribune., 1919-02-16

If we grant that the present is a
period of declining prices, and
that the cost of commodities and of
living is likely to continue falling
lower, then there could be no bet
ter time than now for the purchase
of bonds. At present the rate of
interest which the lender may OBJ
tain on his money is the highest
in years. The reason has been the
enormous demands of the govern
ments for loans. But that demand
is about to stop. No new capital
will be consumed. The huge an
nual sums which the internal war
loans will call for in interest will
not create demand for capital.
The interest is not used up. 1t is
merely shifted to other hands-the
hands of the people who hold the
bonds. They are just as free to
lend it to enterprises as the people
from whom it is taken in taxes. The
argument Of enormous demands for
capital for rehabilitation and re-
construction is balanced by the ar
gument that Europe is poverty
stricken, and cannot borrow greatly
that business will stagnate, and the
demand for capital will be very
small. Which of these arguments is
nearer the truth remains to be
seen. But the demands for capital
for reconstruction seem hardly
likely, in any event, to approach
the demands of war.
And if deaation of currency sets
in, as it has already in this country
the Sl0O returned, say, five years
from now, will have higher pur-
chasing power than the S1OO at
the time it is lent. A continuation
of the declines in basic commodity
prices, with the disappearance of
the war demand, will further this
increased purchasing power This
factor, if the public can be made
sufficiently to understand and ap-
preciate it, should provide a power
full incentive for buying the com
ing government bonds. 1t should
in fact, provide an incentive for
the purchase Of all bonds, but there
is this difference: that falling
prices cut into the margin of
safety on industrial bonds, while
they do not affect the safety of
government issues. Such fall in
the purchasing power of the dol
lar, once it becomes generally ap-
preciated, tends to become "dis-
counted" in the rate of interest
which falls lower. That is all the
more incentive for buying bonds
now, when the rate is still high.
New-York tribune., 1919-02-16
Finance Economics
FINANCIAL BUREAU:
Tribune Building,
1s4 Nassau Street

One sometimes pauses to wonder
whether a good deal of present
Wall Street comment is made seri-
ously or with a conscious attempt
at paradox. At every cut in COM
modify prices there are affectations
of satisfaction. A cut in prices is
almost universally referred TO as q
bull argument. If it is, it is the
first time in the worlds history that
it has been so. A cut in prices is
never a bull argument. The only
bull argument is an increase in
sales. If cut in prices leads to an
increase in sales then it is so far
bulllsh. But the cut in itself is
bearish, because conditions make it
necessary. And even an increase
IN sales is not bullish if the price
be cut so low that it does not al
low sufficient profit to the manu-
facturer. Price cuts are at pres
ent hailed with enthusiasm because
they are expected to increase
business. But until it is demon
strated that they do increase bust
ness enthusiasm had better be re-
strained. The cut in copper prices
from 23 to 1919 cents was well
coined. Consumers were going to
elbow and bruise each other in the
mad rush to clean up accumulated
stocks. The market is now 18
cents, and continues dull.
New-York tribune., 1919-02-16

Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper for all periods up to ninety days:
The daily morning oasis., 1919-06-04

to the border city last week, eI
route to Los Angeles where they viii
soiourn a short time leaving after
wards for San Francisco where they
will make their residence for sons
time.
Mr.. Juan Torres, Deputy to the
state congress arrived from Her
mosillo on Mondays train and de-
parted yesterday morning for Aqua
Prieta.
Colonel Abelardo Rodriguez, de-
parted on yesterdays train for Her
mosillo after making visit at the
line cities. Mr.. Rodriguez is now re-
tired from the army and engaged ir
farming.
A lady died Of insolation at Her.
mosillo last week, the fatality taking
Place at the public plaza at an early
hour of the morning when she was
doing her daily shopping.
It was reported yesterday in No
gales, Sonora, that the famous
theatrical Company Virginia Fab
regas, will again visit the line city
in month or so.
The Local Direction Center of the
Laborers Union of Cananea held 9
meeting yesterday evening to discuss
about the economic situation. All the
Directors of different laborers unions
were present in this gathering.
Nationalist Chinese Society of No
gales, Sonora, will start the erection
of a two story building for their Of
fices ate the Modern Colony of No
gales, Sonora. The necessary furni'
ture, fixtures, etc, have already beer
ordered from the east.
The daily morning oasis., 1919-06-04
Sympathetic Strike For Metal
Workers Reported Spreading
All Over The Dominion
MILITARY PROTECTION DEMANDED

WINNIPEG, June 8, 1919.-The
municipal authorities are meeting
poor success in their effort at control
of the strike situation, and at keep
ing from going out the police force
and other bodies /of public servants
who seem determined to join in the
sympathetic strike in behalf of the
striking metal workers.
This morning a meeting of police
men voted unanimously to reject the
proposition of the city that they shall
not participate in sympathetic
strike. Matters are assuming an
aspect so grave that military pro-
lection is demanded.
The sympathetic strike is extend
ing to other cities. Vancouver is the
latest to announce general strike of
organized labor.
The daily morning oasis., 1919-06-04
ECONOMIES COUNT

The high cost of living iy said to
have been dealt death blow in SO
far as automobile tires are concerned,
by The Rubber City Clearing House
of Los Angeles, which has opened an
establishment in Nogales, located in
the Bowman Hotel.
The tires sold are overstock from
the. factories of Akron, Ohio, all
being standard makes, and in some
cases mold blemished "firsts" which
have exterior mars or blemishes. In
no case are tires that have been re-
treaded offered.
The Rubber City Clearing House
will also stock complete line of
inner tubes and other tire accessories.
Within a few days the initial $1,000
stock will be extended by the arrival
of an entire carload shipment that is
now enroute.
Mr.. R. L. Brown, formerly of
Akron and more recently from Los
Angeles will have charge of the local
branch employing three salesmen
The daily morning oasis., 1919-06-04
EVIDENCES OF EXTEND
/ Ed CONSPIRACY TO
DESTROY LIVES
AND PROPERTY
|nCendiary Literature Scattered
Far and Wide, BurdenGd
With Threats and Abuse
Of The Rich
CRAVE FEARS EXPRESSED BY MANY


+ WASHINGTON, June 8, 1910
That there is really serious danger Of
la class war throughout the United
States is believed by many in the
frequent recurrence of crimes of Sc
cret violence, wide spread in mani
Hesitation, their effect leveled at those
prominent in business or political
life. The latest outrage of this kind
was the attempt upon the home of
Attorney General A. M. Palmer, in
Washington, last night.
The remarkable feature of that af-
fair was that the explosion was
premature, and the perpetrator was
blown to bits by his own internal
machine. 1t is inferred that he was
about to place the bomb under the
house of the attorney general, and by
some mishap caused it's explosion but
a few moments and feet short of his
intention, which was to place the
bomb and then reach safe distance
before it should explode.
Other explosions at different cities,
widely separated are reported as
having occurred almost simultaneous
ly, all of which is taken as evidence
of wide spread conspiracy. Nine
cities are reported as having ex-
perienced bomb explosions. They are
New York, Boston, Cleveland, Wash
ington, Patterson, Pittsburg and
Philadelphia, with Newtonville, Mass.
Incendiary literature has been dis
covered receiving widespread circula-
tion. 1t is most lurid in ferocity, and
profuse in threats against the
existing order. And all of them pro-
claim a class war.
All these manifestations are giving
grave concern among those classes
who will be victims of this movement
if it once starts.
1t is hoped that these latest
evidences of anarchistic activity may
result in congressional legislation
which will eradicate bolshevilzism and
other dangerous tenets.