davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-04-22
RelevantCo1n1llent
The Dav's Market

Trading in stocks yesterday reached
the largest proportions since the ris-
ing movement began in February On
turnover Of approximately 100000
shares making it the biggest day SO
tar this year, prices advanced vigor-
ously and many issues established new
high levels. Industrial speciaIties were
again favored.
The news over Sunday from Europe
was interpreted favorably by the spec
ulative element, with the result that
heavy buying orders were put in at
the markets opening. In the first half
hour trading proceeded at the rate of
approximately two and half million
shares for full tivc-hour session.
First one group of specialties, then
another, were taken UP and pushed
forward sharply. Oils, motors, ship
ping stocks, tire shares, were notably
strong, although the whole market
eased off in the late trading as realiz-
ing sales appeared.
Steel common early crossed par,
reaching 100 z, but receded at the
close to $685., where it showed a small
fractional decline. Other stcels were
heavy. In the speciality group Inter
national Paper gained ga, May De-
partment Stores Il, Continental ia,
American Can j, American Snuff 4,
Realty & Improvement 3ss, National
Conduit Is and Great Northern Ore
~. In the oil group the Royal Dutch
issues were prominent, the New York
shares gaining 17s and the Amster-
dam shares 4 Mexican Petroleum
rose to 1870 in the forenoon, but fell
back at the close to 1S4, off "a points
international Mercantile Marine issues
were strong, the common advancing
31s points net. Strong spots in the
tire group were b. +; Goodrich, United
States Rubber and Keystone Tire.
There was active trading in bonds
and the Liberty Loan issues closed
fractiOnalIy lower.
New-York tribune., 1919-04-22

them for the sake Of supporting the
railroads, railroad labor and the
government.
The worst system Of all for per
manent adoption would be that at
present obtaining. 1t removes all
incentive for economy and good man
agement. No need of Offering better
and prompter facilities for shippers
and passengers to use your road !:
your earnings remain the same. No
need to cut down expenses; you can
not Increase your earnings thereby.
If you earn above the three-year
guarantee the government will take
every cent Of it from you; if you
earn below, well, the government
will make it up. No need to appoint
competent officials; what difference
will it make in earnings whether
officials are competent or not? The
only reason the system has worked
fairly we'll up to the present is that
the roads have retained the same
organization and personnel devel-
oped before the system went into
effect and that they have been ex-
pecting always a return of the old
system.
New-York tribune., 1919-04-22
The Rail Outlook

THE Odd Lot Review discusses the
position OF the railroad shares in this
manner:
Ahead of the better class of rail-.
roads we see a long period of pros
perity and of sustained dividends. Mis-
managed, undoubtedly, the railroads
haVe peen during the past year and a
is a war phase pure and simplc-one
that is bound to give way to very
different order of things when the
roads are returned to their rirhtful
owners. Infinitely better then will be
the relationship which will prevail be-
tween the railroads and the govern
ment. Business will be large, and if
there is one thing that may be counted
on with certainty it is the ability on
the part Of the railroads. under their
own capable managemcnts, to make
'hat business pay and pay we'll"
New-York tribune., 1919-04-22
Buying Copper

According to Clark, Chi]ds &. Co.. the
Westinghouse Electric and Manufact-
uring Company has been Of late among
the largest buyers of copper at the
10 cents a pound level 1t is stated
that the company maintains most ef-
ilclent organization to study the COP
per metal situation, at large ex
pense, and this expert body is said
to have advised the management that
there can be little risk in covering its
metal needs at about the current level
New-York tribune., 1919-04-22
A $500 Advance

Trading in Atlantic Refining Com
pany stock over the counter was re
ported yesterday at 81 ,375 a share, an
advance of 500. All of the former
Standard Oil subsidiaries have been
climbing rapidly in recent months and
Atlantic Refining stock is up approx
mately 5000 share from its low of last
year Prairie Oil and Gas at 800 "A
share is up about $500 from its 1913 low;
Standard of Kansas is up 500, Stan
dnrd of New York up $3.50, Standard of
Indiana up about StS5, and Standard of
Nebraska UP about $40.
New-York tribune., 1919-04-22

The people whose work it is to
lind a solution of the railroad prob
lem are not to be envied. If thew
wanted to satisfy only one interest
their work would be easy. If thev
wished to satisfy only the railroad
owners they would doubtless propose
minimum guarantee" so that
even the road worst off would re-
celve a return on it's capital of 4 to
. per cent (and one need not now
complicate the matter by going into
the problem Of how its "capital"
should be determined). This mini
mum could be attained in two ways.
The government could pay the diff
ference to any road not earning the
minimum. This would presumably
be objected to by the taxpayer. 1t
would inevitably involve increased
regulation on the part of the gov
ernment. 1t would reduce the in
centlve to economy. 1t might pro-
duce scandals. The plan has had
much competent advocacy, including
that of Paul Warburg, and some
competent opposition, including that
of Otto Kahn.
New-York tribune., 1919-04-22
An Irresistible Undercurrent

"Million-share days have come to stay."
say Adams, Davis & Bartol, "judging
by the experience of the past several
days In many ways the current in
dustrial situation would hardly seem
to justly the activity and strength dis
played IN certain directions, yet the
undercurrent Of optimism in regard to
Iuture conditions seems irresistihle y
New-York tribune., 1919-04-22
Absorptiye Power

Anderson, Bruins G. Co. say: "The
stock market continues to show alb
sorptive power in the industrial list.
Ihe realization that the peace treaty
Will be signed before the end of May
has been responsible for the undery-
ing strength in the shares of corpora
tons that should participate in heavy
shipments to all parts of the world.
ms movement should start to get un-
der way when peace is consummated
ana the necessary buying credits have
been advanced to those countries
which are in urgent need Of our prod
ucts.V
New-York tribune., 1919-04-22
Market Opinion
BulIish on Gcncrnl Motors

"Dcspitc their present high price" said
Markoe, Morgan & Co. yesterday, "Gen-
eral Motors shares arc very favorably
regarded in banking circles, and the
opinion is expressed that before tho
current year draws to close the stock
should work into new high record
fields"
New-York tribune., 1919-04-22
Anticipation

1t has been the custom for years
past at the annual meeting of the
United States Steel Corporation to
serve beer and sandwiches for lunch.
At Yesterdays gathering coffee was
substituted for beer. The change was
offered. despite tho prospect that nn-
ton wide prohibition viii become eifec-
tive after June 80.
New-York tribune., 1919-04-22

The above rates express the cost Of
foreign money in terms Of tho Amcri-
can dollar. You buy an English pound
sterling, say, ut $4.G6. Tho intrinsic
parity is $4.S6M per pound. Thus you
say either that pounds are Mt 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 tho demand in this coun-
try for pounds with which to settle
accounts In England.
New-York tribune., 1919-04-22

days, inclusive. AZ per cent; 81 to
80 days, inclusive, "A per cent "
~ silver.-London, 4Sisd, unchanged:
New York. 101Mc, unchanged; Mexican
dollars, 71ac, unchanged.
Snb-Treasury. The Sub-Treasurv
gained $4,000 from the banks on
Saturday. va
New-York tribune., 1919-04-22
Finance Economics

Copyright. 1919 New York Tribune Ino.)
Reports received by the National
Association Of Manufacturer show
that with the exception of five
out of twenty-five principal groups
of industry throughout the United
States business activity is approx
mately between 25 and so per cent
OF normal" The five exceptional in
dustrles are jewelry and silverware,
musical instruments, vehicle groups,
rubber and tobacco. The rubber"
doubtless represents tires for the
vehicle groups" These industries
report "a predominating condition of
prosperity" The statistics do not
apply to retail trade, which is good
in nearly all lines.
New-York tribune., 1919-04-22
DIVIDEND NOTICES
WE nuCKEYE PIpE LINE CoMrANx

THE BtCkEEE PIPE LINE COMPANY
- Broadway. New York. n. Y.
April 22nd. 1919
dividend OF 81 90 per share has besn
declared on tho Capital Stock of this f.ouS.
pany PAYABLE June l4th.. 1919. to stock-
holders OF record at the close OF busnes.
May 3lst. 1919 'es'
All communications regarding pavmsas
or change OF address should be sent To the
uNdersiEned not later than June TIN 1919.
GEORGE CHESEBRO', Secretarv
New-York tribune., 1919-04-22
Dollar I'm Foreign EXCHANGE

The foreign exchange market yester-
day was dull affair. The leading cx-
changes moved within a narrow rance
and there was comparatively no change
IN sterling. Francs were a shade
easier. Neutral exchanges were steady
Closing rates yesterday, compared
with week ago, follow:
New-York tribune., 1919-04-22

The Federal Reserve Bank or New
York has put In force the following
schedule Of rcdiscount rates which
apply TO bankers acccptanccB: Maturi-
ties up 10 il days, 4 per cent; 1e TO 60
New-York tribune., 1919-04-22
Bank Clearings.--bankc c1carings yes

Discount Ratcs.--Tnc following table
gives the current rates Of tho twelve
Federal Reserve banks on commercial
pnper for nl periods up TO ninety days;
New-York tribune., 1919-04-22
Nominal.

Below is given the current exchange
value Of foreign money In dollars and
CENTS, together with tho intrinsic gold
pnrity, M calculated by tho United
Stntcs Mint.
New-York tribune., 1919-04-22
Money, Credit and Exchange

Banks were much more liberal with
their offerings Of call money yester-
day and rates eased off in the after
noon, closing at ~ to per cent, COM
pared with earlier quotations of 5h to
per cent.
The ruling rates for money yesterday.
compared with a year ago, were as
follows:
New-York tribune., 1919-04-22

ii to operate in Duchess. Putnam.
Orange, Ulster, Greene and Albany
counties.
New-York tribune., 1919-04-22
Sterilization
Plan Dropped,
Judge Gary Says
Tells L. S. Steel Stockhold-
ers Rail Administration
Made Mistake in Not Ac-
cepting Redfeld Schedule

Ebert H. Gary, chairman of the
United States Steel Corporation, told
stockholders at the annual meeting in
Hoboken yesterday it was his under
standing that the Rcdfeld price stabil-
lzatlon programme had been abandoned
despite the published reports that
President Wilson was endeavoring to
reopen conferences between the rail
road administration and the Industrial
Board He added, however, that he
hoped he was mistaken in his interpre-
tatlon Of the news emanating from
government circles in Washington.
BY reason of its refusal to approve
the lower prices agreed upon between
the Industrial Board and the iron and
steel industry Judge Gary declared
that tho railroads had failed to reaD
material benefits from the revival of
business that was beginning to show
Itself shortly after the reduced sched-
ule was announced.
Evidently there existed misunder-
standing all the time between the iron
and steel industry. the railroad ad-
ministration and The Industrial Board,
he added. ut is plain that if the rail
road administration had accepted the
judgment of the Industrial Board as
to what prices were fair. the railroad
administration would have reaped 8
large benefit because business would
have been stimulated to the extent of
the big increase in the volume of bust
ness which would have resulted
New-York tribune., 1919-04-22
S1So,000,0O0 Freight Bill

polue luca OF Wnat TINS would near
can be CLEANED from the payment oi
$lS9,0O0,0oo to the railroads last yeal
by the United States Steel CORPORATION
and its subsidiaries"
Judge Gary denied that there ha(
been any controversy between the stce
trade and the railroad administration
suggesting that the differences which
had arisen were between the Director
General and the Industrial Board
These he characterized as most un.
Fortunate Basing his opinion on pub
lishcd statements of the railroad adj
ministration, he stated that there ha'
evidently been a radical misconccptior
by the latter of the purport of tho
creation of the Industrial Board anc
it's activities.
"Thc railway department." he added
"sccms to have acted on tho supposi-
tion that the industrial board had beer
appointed to purchase commodities al
prices satisfactory to that department
regardless Of whether they were faii
or unfair to poducers.'
Answering stockholder who wanted
information concerning the dividend
prospects of the company Judge Cary
said that it was the determination OF
the board and of the finance committed
to maintain a strong cash position
In more detail he .ddcd:
''You will recall that about three
years ago the finance committee set
forth policy of establishing a fixec
rate of s per cent. on the common
stock and to maintain that rate so Ions
as conditions would warrant and tc
make additional payments in the form
Of extra dividends. Future action Of the
finance committee as now constituted
as to the declaration of dividends, il
my Judgment, win be based largely J
of action than on the DrOSDpctS oi
New-York tribune., 1919-04-22
Can't Predict Dividend

"You Will observe | have not said
what the next dividend will be. This
Is for the simple reason that do not
know. 1T viii be our intention, how
ever to deal as fairly with our stock
holders as our resources and the judg-
ment Of our board will make possible" ,"
He stated the management would
make whatever expenditures were
needed for extensions and improve
ments that will make success for the
company reasonably certain in compe-
tition at home and abroad. Inter
rogatcd as to the outlook for business
he said:
"a have been accused Of being more
or less optimistic but am never so
optimistic as to shut my eyes to pos
sible danger and facts. All can say
is that any man who believes that this
country is going into bankruptcy or
has embarked upon Il period Of depres-
sion which will end in disaster or that
IN the near future VIC will enter into
such period Of demorilizaton. is a
man who does not possess himself with
the facts and figures
IF you ask me how soon the steel
industry viii return to the period of
prosperity in which it had started prior
to the action taken Dy the Director
General of Railroads with respect to
prices, cannot give you a definite
reply. The date is not so important
as the exact facts. The date depends
largely on the business men themselves
throughout the country and not upon
any single individual or corporation.
believe TINT majority Of these men
know something about the resources OF
New-York tribune., 1919-04-22

them for the sake of supporting the
railroads, railroad labor and the
government.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-03-05
Wanderers Drop Two
Out OF Three Games

from the Wanderers last night by
over 1870 pins.
The Has-Beens and Brooke bowl
ers are scheduled for play tonight
Last nights scores.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-03-05
5 sports !!
TH0RWALDSEN
BACK IN GAME
University's Best Lineup
Will Take Floor With
the A. c..

Thorwaldseh, university forward,
turned out for practice last evening
for the first time since injuring his
nose several days ago. With Thor
waldsen back at his old berth running
with Ellingsen. the practice went
smoothly and university fans are
confident that the university will. be
in a position to make its best showing
in the return game with the A. c. to
be played at Fargo Saturday night
In the work out last night Sproul
played his old pivot position with
Richards and Stenshoel working the
guard positions. Fast passing and
good team work characterized the
work of the five last evening. A sec
ond team of players composed Of the
best material in the campus league
put up strong opposition to the regu-
lars but the first quint had no diff
Guilty in working the ball down the
court and scoring at will.
Plans are being made for a special
train to carry the university band and
rooters to Fargo saturday. A tag day
will be staged Friday to secure the
necessary funds for the band. A pc
tition is being circulated to determine
the number of students who desire to
accompany the team to Fargo and II
the number is large enough a special
train will be secured.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-03-05
THE FIFTH LOAN

Minneapolis. Minn., March 5.-To
bind up the wounds Of America in a
strictly literal sense is the purpose OF
the Fifth or Victory Liberty Loan hat
will be staged next month.
Although it will go ahead without
the excitement of a the urge OF
danger. the enthusiasm of impending
victory like the Fourth loan. it has
behind it the solemn call Of a great
national duty to our soldiers and sail
ors, the insistent call of national hon.
or and the duty America owes the
rest of the world. A. r. Rogers. chair
man of the Ninth District War Loan
organization. summed the situation up
in the following statement issued to-
day:
The greatness of America never
was so assured. V SO unquestion-
ably recognized in the world as to
day. The power and might. the
earned and deserved reputation of the
United States must be maintained. We
occupy a commanding position In the
world gained by our fighting men on
land and sea and the superb manner
in which the people at home support
ed them. This magnificent record of
patriotism and self-sacrifce must not
be marred by failure now. Let's fin
ish the job.
The splendid work of our army
and navy. supported by millions of
Americans has removed the chief OBJ
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-03-05
MARKET NEWS
ADDITIONAL MARKETS ON. BACK PAGE.
CHICAGO.
GRAIN AND
Nd MARKETS on. BACK PAGE.

Chicago. March 5.-Speculative
buying due largely to assertions that
commercial values Of corn were much
below feeding worth brought about a
decided advance today in the corn
market. Bullish sentiment was m
phasized by reports that there would
be a big spring wheat acreage in the
corn belt. Sellers we're scarce. Open
ing prices which ranged from half
cent off to $50 up with May $1.28
IS to 1879 1-2 and July $1.24 100
ga were followed by material gains
all around.
Prospects that planting Of oats
eve more than planting of corn
would be diminished by substituting
spring wheat had a Strengthening ef-
feet on the oats market. After open
ing a shade lower to 1-sc higher with
May 60@60 is to SO. Is, the market
scored a sharp advance.
Provisions rose with grain and
hogs.
Profit-taking on the advance led
subsequently to a reaction. Besides,
country offerings were said to have
increased on the upturn. Prices closed
unsettled NC net lower to &c gain,
with May $l.29A to $1.29S, and July
S1.24z to $1.24B.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-03-05
NEW YORK.
STOCKS.

New York, March 5.-Although
Wall street processes to believe that
the railroads will be temporarily
tided over, hat division continues un-
der pressure with coppers, while most
of the usual speculative ~favorites, ex-
cepting motors, extended their gains.
Shippings were added to h list of
strong features, also sugars tobaccos.
U. s. Steel and associated industrials
and equipments, notably Bethlehem
and crucible steels and General Elec-
trio. A slight easing of Liberty issues
and frmuess Of the foreign group
marked the moderate trading in
bonds.
Further, selling Of railway shares.
prompted by the failure Of important
federal legislation. impaired an ir-
regular tone to the stock market at
the outset of today's trading. Recess
sions extending from large fractions
to a point in. that group were bal
anced. however. by the renewal of
bullish dealings in oils, motors, leath-
ers and other speculative issue at
gains Of l to 2 points. Moderate re-
actions in Shippings and metals were
attributed to specific conditions at
fecting those industries
HeavineS Of automobile shares and
kindred issues became marked at
midday. Reactions of l 1-e to )
points accompanied the selling OF
S~tudehaker. Chandler and General
Motors, Kelly Springfield and Ajax
and United States Rubhers- Tobacco
and distiI1ing stocks also yielded l to
. points.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-03-05

THU UOdS- "CDSI
mott. l.; Fox. 3: Jacobson. l.
Fouls-Fox. /: Benson, /.
Observation-Disclosures for Peter
son.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-03-05

GRAN.

Duluth Mimi March 5-Efevztnr
receipts domestic grain Wheat =
ZOE bushels Last yea 500 fax T.
400 bushels last ysar 1rgaa-
Duluth czr Inspection. Wheat
Nos I ard , northern T. m1sd Z. En-
tai wheat g rear agn Id fax T. Fear
g 3 Total al s, ve4r Ego IL dn
track 90
FIa1seed was active to-day and
prtc5s ~sre advanced GU good sid
ding after an earEy BREAK Trading
vas Dominated hT 4 Strung spoe IrIl-
ation and urgent demand from rush
eTs at times
Spot seed sold at II Ell. ave..
May May closed 4 crura up a1ff
July ; eents up
Oats closed II cent up FOR sr,nr.
Rye closed L. ceuf up h1r spot ar1d
May BARLEY ctsssd unchanged
Closing
Wheat unchzrzh
Linssed On crac1- FEE ;ar.ve,
S3.73; May, sass, jury. sIaEs haf..
Oats On track. - 3-s@5G 81
Rye on track $1-4s f~s
May, $1.4S I-2 BID.
Barley on track, 75Q4k
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-03-05
ID BOYS n

The Older boys quint defeated the
employed boys team last night in the
game at the "Y" with a score of 81
to 8. Laughin played strong for the
older boys while Farquer starred for
the employed boys.
Older Boys. Employed Boys.
Thorgrimson, rf..........rf. Farquer
Read, If, Scribner
Allen
keely. Gaulke
O'Connel, lg.s............l liz. Bjorge
Summary-Field goals, Iaughin 6,
Thorgrimsen 2. Allen. Scribner, Far
|quer; foul throws, Read 4. Farquer 2,
Loughin: referee, c. c. Carpenter.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-03-05

GRAIN n FLOUR.

Flour unchanged. Shipments, 44,31o
barrels.
Barley. so to 80.
Rye. No. 2. 1.42 3-4.
Bran, $500.
Wheat receipts. 20s cars, compared
with II cars a year ago.. Cash:
No / northern-$2.21@2.34.
Corn-No. 5 yellow, $1.29@1.3O.
Iats-No. 3 white, SIS @5SBc.
Flax-$3.79 @3.S2.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-03-05
''TlZ" FOR TIRED,
PUFFED-UP FEET
Instant relief for sore, ach.
ing, tender, calloused
feet and corns.

You're footsick! Your feet feel
tired. pulled up, chafed. aching,
sweaty, and they need "Tiz."
''Tiz" makes feet remarkably fresh
and sore-proof. "Tiz' takes the pain
and burn right out of corns, callouses
and bunions. "Tiz" is the grandest
foot-gladdener the world has ever
known.
Get a 25-cent box of "Tiz' at any
drug store and end foot torture for a
whole e Never have tired, ach-
ing. sweaty, smelly feet; your shoes
will fit fine and you'll only wish you
had tried "Tiz" sooner. Accept no
substitute.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-03-05
Nine CUNTS Entered
For Big Tournament

Nine high school quints are enter
ed for the tournament to be held at
the university Friday and Saturday.
This tournament will decide the
championship of the northwest dis
trict.
No further entries we're made yes
terday and the entry list is made up
Of the following schools: Grand
Forks, Park River, Rolla. Hope.
Grafton. Devils Lake, Mayville, Ege-
land and Petersburg.
If no further entries are made the
first game will be played at l o'clock
Friday afternoon and other games
will follow at one hour intervals.
Drawing for places will be made Fri
day morning. Mr.. Tierney and Mr.
Frazier, Of Fargo will act as officials
during the tournament.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-03-05

stack. to world peace and justice
Autocracy and all its evils have been
defeated but the constructive part, Oh
our program remains.
"Finance: played a tremendous part
in the war and finance must play a
great part in the reconstruction mat