davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-07-11
Shorts Lose in Pierce Arrow

Intrepid shorts in Pierce Arrow com
mon stock had bitter dose. Ever
since it was reported fortnight ago
that the dividend on the stock would
be passed, and after the event, the
short interest had been growing in
Pierce, the natural assumption of trad
ers being that the stock would go
much lower. But the decline was short
lived, and yesterday the market in the
stock turned sharply upward. From
low Of 56% Pierce shot to a high of
62A, closing 5h points up at SO.
New-York tribune., 1919-07-11
Kent Resigns as Head
Of Foreign Exchange Division

Fred l. Kent yesterday announced
his resignation as director of the for
cign exchange division of the Federal
Reserve Board, and his return to the
vice presidency of the Bankers Trust
Company. Mr.. Kent will sail for Eu-
rope in few days. j. f. Crane, as
sistant cashier Of tho Federal Reserve
BANK ana manager Of it's foreign ex-
change department, is now acting d.
rector.
New-York tribune., 1919-07-11
Merger REPORTS Denied

Recent reports have mentioned Re-
public Iron and Steel, Inland Steel and
Mdvale Steel and Ordnance as being
the units of contemplated merger,
the consolidated companies to become
an important rival of the United States
Steel Corporation. These reports we're
branded yesterday semi officially as
being without basis in fact.
New-York tribune., 1919-07-11
Market Opinion
Central Leather

Central Leather appears to be in
strong position, and it does not seem
to have discounted all its possibilities
marketwisc. Not only is the company's
condition as regards small bonded in
debtedness, large amount Of cash on
hand and an ample inventory favor
able one. but the outlook for business
is especially promising .-Ctark. Chiids
& Co.
Some spectators and certain market
Commentators may fume and rail at the
Federal Reserve Board because Of the
queer" money market we ere witness
New-York tribune., 1919-07-11
Wealth-Marke ets=Inv estm G N s

ing these days, and they may in a
measure be correct in their deductions,
but we cannot gloss over the stern fact
that proponents of the constructive
side of a majority of skyrocketing spe-
cialties are not actuated by altrustc
motives-E. w. Wagner G. CO.
New-York tribune., 1919-07-11
Lamont Returns to Wall Street

Thomas W. Lamont, who returned
from Europe on the George Washing
ton with the Presidential party, got
back at his desk at j. P Morgan &
Co. yesterday. He became formally
detached from his association with the
Treasury Department, which he rep
Resented at the peace conference
Wednesday night.
New-York tribune., 1919-07-11
Breadth of the Market

Fewer different stocks were traded
in, the number of issues being 3O2,
compared with 322 the day before.
Dealings approximated 100000 shares
again.
New-York tribune., 1919-07-11
London Money Market

LONDON, July 1o.--Closing Money,
2A per cent Discount rates-Short
bills, 3A per cent; three months bills,
3ss per cent. Gold premiums at Lis
bon, 10000.
New-York tribune., 1919-07-11
The Dollar in Foreign Exchange

Exchange on London developed in
creasing strength yesterday and de-
mand sterling rallied to s4.49A and
cables to $3.50. French exchange was
still heavy around $50 for checks.
(Quoted dollars to the pound.)
New-York tribune., 1919-07-11
Big Increase in Steel Order.

The Steel tonnage was really much
better than the Street had looked for.
1t was generally expected that a small
increase would be shown, but even the
most optimistic estimates put the fig
ure at less than half a million tons.
On the basis of present steel mill oper-
ations an increase Of 610,545 tons, as
reported by the corporation, indicated
an inflow of new business during June
aggregating around 100000 tons, fig
uring deliveries at the rate of about
G00000 tons. Of the new. business
booked at least 100000 tons was ac-
counted for by orders placed by some
of the automobile manufacturing COM
panies, notably General Motors and
Ford Motors. This means, therefore,
that the other new business of the cor
poration reached a total of around
100000 tons, which would indicate that
the corner has been turned That
was the general deduction made in
the financial district from the tonnage
statement. Now Wall Street is looking
ahead to the quarterly meeting of the
corporations directors the last week Of
this month. The quarterly earning
statement will be bad, it is admitted,
most likely worse than the March
quarter; but that, it is believed, has
long since been discounted.
New-York tribune., 1919-07-11
Movement of Steel Common

The tonnage statement appeared at
noon. Steel common was then selling
around 1929. The stock Immediately
rose to 1875 and later to 11314. At
that point the professional bear raid
started that carried it down to 111%
scramble of shorts which forced the
price to 113A, after which it fell back
to close Of 1928. In the parlance
of the Street, the "buying of Steel was
much better than the selling" This
applied to many other industrials as
we'll
New-York tribune., 1919-07-11
Doheny Back

An early announcement OF the or
ganization of British marketing COM
pany to handle the European distribu-
tion of the Mexican Petroleum Com
pahy's production is expected. Edward
L. Doheny, president of the corpora
ton, has arrived at Halifax and will
probably reach New York some time
to-day. Mr.. Doheny has been in France
and England since early in the year
perfecting the plans for the new mar
keting concern
New-York tribune., 1919-07-11

100000 shares
The Sweets Company of America Incorporated
"a Virginia atom
CAPITALIZATION
Authorized $5.O0OOOO-An Common Stock
Outstanding (ncludng present ofeng) 100000 shares
Registrar: Agent:
metropolitan TRUSTEE Neu York
Ibis fully described in Samuel Will
ms President the Company of which be had
has acquired lhe Sweets Company of America
drop Co., nc both New York
and other nationally advertised popular priced confehon
The books have been audited P A. and the
good will appraised by James Anyon of Barrow,
chartered accountants and by Charles 4e c. P A. estate
plant have been appraised by The Appas details
have been passed upon by Malcolm Sumner, Esq, NswY York.
OF The abo stock having beenso
matter of
BLOCK, MALONEY & co.
~ Broadway
NEW YORK
guarantee Believe them to be ,o
New-York tribune., 1919-07-11

Bank of Germany-Berlin, via Lon
don, July 1O.-The statement of the
Imperial Bank of Germany for the
week ending June 80 shows the fol-
LOWING chanpes in marks:
New-York tribune., 1919-07-11
Money and Credit

Stock Exchange money was much
easier. Call money opened and re-
newcd at 7 and 7h per cent, later
easing off to 6 and 6h. Offerings by
the banks were much more liberal and
il was quite apparent that the strin-
gency was over. 4
The ruling money for rates ye5ter-
day, compared with a year ago, were
as follows:
Call money:
Yesterday. Year ago.
Per cent. Per cent.
On mixed collateral. 6
On indus. collateral I've 6La
Time money (mixed collateraD:
Sixty days 534@6
Ninety days ........ 5s4@6
Four months ....... 534@6
Five to six months. 6 534@6
Bank Acceptances.-Rate were un-
changed yesterday, as follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent. Per cent
Eligible
banks .4TstQ4 @I4VU4ib 416 GyfI1
Eligible
ron-mem-
Der banks4h@4 4A@44 4aa@4A
Ineligible
bank bills.5A@4Is 54@4Iz 5I4@4a4
Fog delivery within thirty days:
Per cent
Eligible member banks. ........ 4i1
Eligible non-member banks. 90. 4N
Ineligible bank bills. s
Bank Clearings.-Bank clearings yes
terday we're:
Exchanges Balances.
New York 1888, 1O6,075 $685. $50
Boston ...... ee,1oo,e13 19,513,553
Chicago ...... 1O5,479,406 1922, 1873
Philadelphia. 75,162,715 1e.oe4,oos
Sub-Treasury. The Sub Treasury
lost So, 10000 to the banks on Wcdnes-
day.
Silver.--London, 53Ad; New York,
$l.06B Mexican dollars, SlA WS5Ac.
Bank of England-LONDON, July
1o.-The statement of the Bank of
England and the changes from a week
ago follow:
New-York tribune., 1919-07-11
Business Needs First

But the Reserve Board did make it
plain that the demands for credits for
stock speculation must yield prec-
dence to the prior demands of the gov
ernment, commerce and industry, and
that the rates on money for specula-
ton, however, erratic, can have no per-
manent effect upon the rates for gov
ernment and commercial and industrial
purposes. The stand the banks have
been taking is that they are under no
responsibility to keep the stock mar
kct in future at reasonable rates.
New-York tribune., 1919-07-11
Another Warning

Again the Federal Reserve Board is
out with another warning against spec
ulation. The latest is the third that
has been issued by the reserve authori-
ties since the stock market specula-
tion got under way last spring 1t is
evident that the reserve officials are
intent upon keeping stock speculation
within bounds. Their idea apparently
is to check or brake speculative opera
tions. The boards latest utterance on
the matter, which was lost in the rush
of big news yesterday, contained much
regarding the money market that was
interesting and pertinent "Regrettable
as they may be-" it said, such furries
in the rates for call money on. stock
collateral are inevitable as long as the
present methods of financing and set
thing speculative transactions in stocks
are persisted in. AS things are now
they can be guarded against only
by such methods as were adopted dur
ing the war, providing reasonable
supply of credit for carrying stocks,
but, contrariwise, taking effective
measures to prevent undue speculation
or expansion of the loan account; but
it would be n every way undesirable
and unfortunate to perpetuate in
peace times such arbitrary measures"
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-23
SOUTH BEND D0WEL
WORKS MAKES MANY
TYPES OF TURNINGS

Manufacture OF wood turnings of
every description and size are the
distinguishing points OF the South
Bend Dowel Works, located at 1911
II S. Lafayette St, of this city.
This corporation has been in the
GCwel and wood manufacturing
business for the past 20 years and
have met with success merited by
good business principles and care
full treatment TO their customers in
regard to quality, price and
promptness of delivery. They are
at present engaged in the manu-
facture of bungs. faucet plugs.
spiles, cooperage dowel and ice
cream plugs.
This company, operated by J. r.
Kuntz & Sons, is equipped to handle
any wood turning proposition
known, having experienced wood
turner's, which are as good and as
well acquainted with their trades
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-23
Engman-Matthews Factory
Turns Out $4,000 Ranges
Yearly; Business Thrives

With an annual output of a.
900 ranges. the Matthews
Range company. located In the old
Singer plant, has aided in spreading
broadcast South Bends name as a
manufacturing center This thriv-
ing industry was brought 70 South
Bend 20 years ago by the late Harry
Engman and Louis q. Matthews,
who were formerly interested in
building malleable ranges in St.
Louis, Mo
Arriving in South Bend. the two
stove builders aided in establishing
the Malleable steel Range Co. Seven
years ago they sold their interests
in this organization and founded the
Engman- Matthews Range CO. Mr.
Matthews is one OF the oldest men
in the country in the malleable steel
range business and his entire life
has been devoted to this work. The
plant is one of the best equipped 10
be found anywhere and it's products
uphold this fact.
The castings are all shipped into
South Bend from the east. over
$4,000 worth of dies are used in
stamping out the castings. All the
stove tops are treated with the
Parker Rust Proof process. which
allows them to Withstand the most
severe of weather conditions one
Of the most recent labor saving de-
vices installed in the factory is the
automatic stove top poiisher. This
machine Will turn out 65 tops daily.
Use Large Press.
The largest press in the city is in
stalled in this plant. The press has
a capacity Of $1,000 pounds. Eight
watts are used in the plant in plating
the frightened parts Of the $50 diff
ferent type ranges placed on the
market by this concern. Because of
the work done in different parts of
the plant. Mr.. Matthews installed a
washed air ventilating system. Ven
tilators were then placed over the
heads of the wOrkmen in the vari-
Gus departments. This is just one
instance of the efforts put forth by
the manaSement TO make the work.
irg conditions ideal.
only union men are employed in
the plant. For the past year and
half the entire time of the plant
has been devoted TO war work.
Field ranges, bakery ranges and
heating devices were manufactured
by the company.
Shortly after the signing of the
armistice all government contracts
were cancelled, and as a result the
company has its store rooms filled
with material which can be used to
great advantage in commercial
work. From all indications. accord
ing To the management, the plant
will soon be running full time, re-
qUiring the services of $50 employees.
At present SIS men are WORKING. In
order that all NAV be cared for the
management has adopted the policy
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-23

Of retaining all its men who are un-
able TO find other work until the
plant can resume its operations on
a pre-war basis
Erect New Warehouse.
To care for the stock necessary to
maintain the service" Of the COM
pany. an additional warehouse was
recently erected. This warehouse
is used for the storage OF material
used by the shipping department,
while the basement warehouses are
filled TO capacity with castings and
other necessary material. The range
built by the company is known as
The Range Eternal and is made
Of malleable steel, said by the Off
Gals and demonstrated 10 be I'M
breakable. In building the boilers
used on the ranges 90 tons OF sheet
copper is consumed yearly.
The castings upon arrival are
stored in the basement of the plant
and then taken to the first floor,
where the first part of construction
is started. The material is then
sent TO the different floors, and by
the time il reaches the third floor
the range is completed Because of
the fact that the range is unbreak-
able, considerable time and expense
is saved in not Grating them for
shipment. The range is wrapped in
heavy paper, and because of the
rust-proof process which the parts
are treated with, can withstand any
weather conditions. The following
are the officers of the company:
Harry Engman, jr., president: L. c.
Matthews. vice president; e w
Sykes, secretary; c. D. Britton,
sales manager, and Daniel j. Mat
thews, superintendent
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-23
WAGE RAISE SO
PERCENT SINCE rs
Indiana Industrial Board Show
Average Increase in g.
year Period.

An examination OF the records on
wages paid TO the $4,000 persons ap-
pearing each year before the state
industrial board for settlement OF IN
jury claims against their employers
shows wages in Indiana have in
creased approximately 80 percent
since 1916.
The annual report OF the board.
just completed by Miss Mauree Son
day, statistical clerk. shows that in
1916 the average wage of those be-
fore the board was S14.92 a week
1917. s16.O5; 1913. S2O.S4. The
averages are estimated from cases
of persons that received all the way
from a few dollars to 800 a week.
The board had s 90 fewer cases in
1918 than in 1917. The number Of
cases in 1918 was 1886. and in
1917 IL was 42,452. The greater
number of cases have TO do with per-
sons more than Is years old.
The cases for 1918 included 495
women who received from SO TO $50
a week. Their wages averaged $3.50
a week.
The number OF persons more than
seventy years old appearing before
the board for settlement Of claims is
increasing each year. indicated that
more of them have been employed
in recent years than formerly.
Ninety-eight fatal cases came 10
the boards attention last year. Thir-
ty-nine percent of all the cases re-
ported to the board last year were
settled by agreement. The total Of
persons receiving compensation last
year was 1871, while in 1917 il was
1858. The 1918 average compen-
sation was 1912 a week a person.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-23

as can be obtained by the corpora
ton at any price.
It's equipment is high class. Bet
ter and more modern machines
have replaced older equipment
wherever possible. The plant has
been enlarged considerably during
the past few years and expectations
are at the present time for further
enlargement, due TO the large vol
ume of business looked for during
the coming season.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-23

The first duty of every self-respect-
ing nation is to issue a new series
of postage stamps. Finland already
has led the way with a pleasant
variety of colors, and the example
no doubt will be followed by Lithu-
ania, Livonia and Esthonia, to say
nothing of Bavaria and the confed-
Grated German states when they
break up the empire on which the
sun has set.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-23
HABERLE SHOP
WELL EQUIPPED
Foundation of Success Laid in
Application of Sound
Principles.

South Bend is able to speak with
pride OF its well equipped machine
shops. one which deserves high
mention IS the John 3. Haberle
shop located al 3I1-318 Hydraulic
av.
Mr.. Haberle. owner and general
manager OF the shops came TO South
Bend in 1872 and began his career
under the late John A. Graham.
who was one OF the finest mechanics
in the state He served under Mr.
Graham as apprentice for five
years endeavoring 10 get the essen
tials and fundamentals OF the ma
chinist's trade. His purpose from
the time he started in the shops Of
Mr.. Graham was that some time he
might own and operate "a shop Of
his own. His opportunity came IN
1892 when he started for himself
His business experience previous TO
his experience as machinist taught
him that sound principles and hon
est business methods were traits by
which ne could climb the ladder
and these he applied I'm every case
possible.
Today Mr.. Haberle has one OF the
best and most modern equipped
shops OF the northern part Of the
state. His principles which he
learned from Mr.. Graham have
been carried out TO the last point,
which are essentials TO his success
These were 10 learn TO do the work
right first then learn efficiency in
getting il out In record time. These
principles have been applied by Mr.
Haberle in breaking in every APP
prentice he has ever been connect
ed with. He is proud OF the fact
that his apprentices are found to-
day in nearly every state in the
union as good mechanics.
Mr. Haberle is closely connected
with many civic and social organ
izations of the city being an active
member OF the Chamber Of Com
merce and other industrial bodies.
In 1892 ne was elected as a mem
Der Of the city council from the first
ward and served four years which
are all 10 his credit. He has delig-
emily served on the exemption
board during the past year.
Natural gas IS probably formed in
the earth by a process of natural dis
tillation from the animal and vege-
table remains Of past geological
epochs. and is nearly the same
product as IS distilled from coal in
the retorts Of gas factories. only. in
stead Of the heat OF fires. the internal
heat Of the earth. aided perhaps by
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-01
REPORT REMOVES
UNCERTAINTY OF
STATUS Of R. R.
Following a Conference With
President, Director General
Makes Announcement.

WASHINGTON. March Timer
tainty over the status of railroads in
the immediate future was largely
removed Friday by Director General
Hines announcement after confer
ring with Pres't Wilson that the
government would not turn the
roads back TO private management
until congress had more oppOrtu-
nifty 10 consider a permanent pro-
gram of legislation. This was gen
orally interpreted as meaning that
the railroads would be under gov
eminent management for at least
another year and probably longer.
If a special session o. congress is
called early in the summer, rail-
road legislation might be taken up
but most officials believe this could
not be completed within four or five
months. If there il no special ses-
sion. congress could not start on
legislation much within a year.
With the temporary status deter
mined. the railroad administration
will go ahead vigorously with the
program for making Improvements
and extensions. both for the sake of
the rail properties, and 10 stlmu-
late the demand for materials and
la Dor during the readjustment peri
cd Another effect viii be the in
creased use of waterways in accord
ance with Director General Hines
expressed policy.
Ii was said at the railroad admin
istration that the decision not to
.relinqlish the railroads at this time
is not "A reversal of policy. The
railroad administration has long ad-
vocated early REIMBURSEMENT, it was
explained. but not until congress
had had time 10 act on the proposed
fve-year extension of government
control or to consider other legisla-
ton.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-01
WOODEN co. OFFICE
EMPLOYEES AT PARTY

In spite of inclement weather.
about 100 people attended the party
given Friday night in the Wooden
Co. rest rooms. The affair was for
the office employees and their friends.
Many novel games were played.
among those being progressive
"buncO" and progressive flea The
first prizes for "buncO" were won
by Miss Agnes Homes and Edward
Burke and the consolation prizes 10y
Miss Germaine Eberhart and Ira
Treadwen. The prize Zoe the other
contest was won 10y Mrs. william
NJ. Probasco and the consolation
prize by A. b. Goeringo.
Dancing followed the games and
contests. Music was furnished by
Steele's orchestra. The proceeds OF
the affair were given 10 the French
war orphan fund.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-01
NEWS OF INTEREST TO
POLISH CITIZENS
SOCIAL EVENTS


The meeting OF the Polish Fall
cons. z. Balicki No. /. Will be held
Sunday afternoon at 1880 o'clock
at the 4 Balicki hall. W. Division
ST. Members are urgently request
ed to be present as matters of i'm
portance will be taken up at the
meeting.
The ST. Stanislaus Kostka society
of St. Hedwige's parish will hold its
monthly meeting Sunday afternoon
at o'clock in the school building
The singing rehearsal of the St.
Hedwige's choir will be held Tues
day evening at St. Hedwige's school
building
The Young Womens Holy Rosary
society of St. Casimir's parish viii
hold it's meeting Sunday afternoon
at 1880 o'clock in St Casimir's
school building.
The s.. John Cantius' Literary
society Of St. Casimir's parish viii
hold its monthly meeting Monday
evening At st. John Cantius' library
parlors.
A meeting of the Archangel so
ciety of ST. Casimir's parish will hold
its meeting Sunday afternoon at .
o'clock at St Casimir's school rooms.
The meeting Of St Peter-Paul so
ciety of St Stanislaus church will
be held Sunday afternoon at .
o'clock in the st. Stanislaus' school
rooms.
The Young Ladies sodality of st.
Casimirs parish will hold their
regular meeting Sunday afternoon at
> O'Clock in St Casimirs school
The military band of Falcons. L.
Balicki no. /, will hold its rehearsal
Wednesday evening at 1870 o'clock
at 4. Baicki hall, W. Division st.
The Literary circle of ST. Casimirs
parish will give a very interesting
program Sunday evening at the st.
Casimirs school auditorium, under
the direction Of Adalbert Malinow-
ski. The occasion is the monthly
meeting of the circle and the pro-
gram is combined of the customary
literary and musical features.
Miss Bertha Plotska. 1901 Par
allel st. entertained delightfully."-
Friday evening a few Of her friends.
The evening was spent with games
and contests and a special feature
was series of resolutions A four
course luncheon was served at a
prettily appointed table. Place cards
were tiny pink hearts. Baskets
filed with red and white flowers
were also effectively used.
Her guests were Misses Rose and
Mary Howell. Veronica Krawcyk,
Martha and Hedwige Krygier. Helen
FranczelI. Hazel Ritzler Albina
Kwiatkowska and Lucy Scuba