davidaulloa/AmericanStories huggingface dataset:
The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1919-08-09

= Newspaper published within the
limits Of the City OF Monte Vista,
Colorado.
Section S-This being an ordi.
pance calling . special election, Il
shall take effect and b In force
upon the expiration Of I'VE (S) days
after II has been 70 publish6d.
Introduced. read and ordered pub-
lished this 7th day Of August A. D.,
1919.
George n. Coriett, Mayor
ATTEST: Geo. b. Boutwell,, City
Clerk.
The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1919-08-09

Rev Miller. an evangelist. o,v.-
ear' who Is Waiting Mt ana
Tom Hudson nllsd the puls, ~
Sargent sunday morning "
The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1919-08-09

Mr.. aud Mrs John Little and Miss
- Blanche and Laura Smith Of Trsn-
ton. Nsbr.. were guests Of Mrs. W. e.
Marcy this week.
The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1919-08-09
Funding Bond No

The voter will prepare his ballot.
indicating his approval or disap-
proval OF the proposition submitted
ny placing cross (X) opposite the
group OF words on his ballot which
expresses his choice, and shall then
deposit MS ballot In the ballot box
provided for such purpose.
in WITNESS WHEREOF. the
CITY Council OF the City Of Monte
vista, has caused this notice to be
published and posted A. REQUIRED
by law and dated this seventh dsv
OF August. A. d. 1919
Geo. b. Boutwell,, City Clerk
(ClTY SEAL)
Section S-This ordinance. after
It's passage. shall be recorded in n
book kept for that purpose. he, an.
thenticated by the signatures of the
mayor and clerk and shall bepub.
iishsa In the Monte Visa Journal.
The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1919-08-09

Marry LAwton and 0sss Hsystt
VI Akamoss we're bssissss eslisrs 10
Mote Vista Thursday.
The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1919-08-09

Mrs. ~. l.. Jackson aad daughter.
Misa Clara of Mason City. Sshr, are
suesss ~ Mr., T, J. Bahs,
The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1919-08-09

Miss Faith awAxRrrd NJ Fr~ano.
Ohio. 10 visiting her friend Miss U.s.
ihss Boyd.
The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1919-08-09

he ri. u~nion I.~on.rt, T., v. Husch.
section s-Th~ vote a, said slice
lion on the au-.,ion aforesaid shall !
b~ esnssss-d and returned and tho
return made aud tn. result, declared
IN tho SAME manner rs nearly IS
may be. ~ provided by law Tor tns
,snsa-. return and declaring the re-
,uli Of the votes east al an eleesioa
u municipal on'esrs i
section Notice Of the time and
o,aec Of said election shall be pub.
lishesi In the Monte Vista Journal
newspaper 81 general circulation
printed In the CIT, oS Monte vista
n the County Of Rio Grand- ana
uat~ ~ Colorado, a. least fifteen
Ns days before such election and
lao = copy ~ such notic" shall b
po-'"d At the voting place and In
IN" other conspicuous place In zach |
citing precinct In said city ~ least
1n"-n rtl days before said cleo
ton announcing the time. places Tor
Welding said election, the amount ~
he Indebtedness to he funded.
,moUni 81 Funding Bond proposed
20 h~ issued and the rns~ ~ interest
h-y shall hear. and the Clerk ~ the
city ~ Mont" Vista is hereby chare-
ID with. the duty OF calculating
this provision. which said notice IN
he published and posted as nfore-
eah shall he In substantially the
following form;
EIb1'rVON NOTICE
Pursuant To tho laws Of the State
(of Colorado and Ordinance Nd, I7Al
~ the city Of Monte Vista. state Of
Colorado. adopted and approved
on tho Seventh day Of August.
A. u. 1919. no4,ce IL hereby given
hat q special election has b~~a
called and vii, he held In the var-
Ton. election pr.c,nrts IN said CITY
IN Tu~sday the 18Th day Of S.pt. A.
d. 1919 beginning a the hour Of
seven O'Clock A. N and e,o.ins A
Tho hon, of ,eveu O'CLOCK p ~ ~
aid day,at which election there vii
h~ submitted To the oualifed eiec.
tors a. hereinafter defined Of ssid
city the following ouesion to.vis.
shall the CITY Council NJ tha1
CITY Of Monte Vista Co,or.do ~
authorized TO contract An indebt.
eduess on behalf ~ the CITY ana
upon the credit thereof hv issuins
the negotiable rounon hords ~
ths CITY In ~. .s,.s..,s .mc,ns
Of Tvcnty-six thoussnd dollar
9:S 10000 for the mr.
no.. n, s,ra,,. ~. To-, ao.s...
ind.bteen.,. of ..id ci,x I"
All person. Who Ar, dmlv mall.
ned voter, under m. ,..t., ,,n,
and the sl.ciion law. ~ n" e,:,.
Of Colorado ann,,c.I,i. IN ci,,sS ~
F,he second cinss AM, in addition
thereto who have maid ,.r vi,hIr
he calendar ve.r INN sai.,.,v No..
rersiinr .uch election unon nrors,tv
,sresss,, IN .uch vot.r In ..id .a.v
<h.lI he ou.Ii0ed IN WI. - ..;S
election The Comn,v r,...m,:-
OF Rio Gr.nde conn,y III, r,ar. ~.
ana cn,,se IN no d.,,v",.d ~ ~.
CITY CIsrt %, a.,,vS - az
Judges OF the electio, at said fund.
ing Bond Election, 4 certified list
Of the property tsxpoycrs A herein
before defined. and no person shaIl
vote upon the funding question sub,
mitted unless his or her name shsii
appear upon such list.
Tho following are the no,,inr
places in each OF the election pre.
ctncts OF said city for said election
Ward No. IA. B. Van Nostrands
Garage.
Ward No. Two (2)-Citv Hall
Ward No. Three (O-Advent
Church.
The amount OF the indebt edne.. IN
he funded which has heretofore
- Ia -.
The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1919-08-09

waltse Meinso.h st,,,..
sunday from Several month. , ,,'4
ssas IN the servicc, ''''
The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1919-08-09

Those enjoying = fishing party.
spending the week end II Silver Lake
were Mr.. and Mrs. Charles Bishop
and daughter Mr.. and Mrs. Ashby
JoaeS Of Richmond. Va. Mr.. and Mrs.
j. =. Mitchell. Miss Fefn Mitchell
and Mr.. and Mrs. John Mitchell Of
Center.
The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1919-08-09

Mr.. and Mrs. Anhby Jonss Of Rich
mond. are visiting Mr~ Jones' par
ents. Mr.. and Mrs. J. =. Mitchell a.
Center.
The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1919-08-09

Mrs, Al. Strawn and two childrsa
Of Antonito were the house guests
Of Mrs. W. u. 0inders from Monday
until Thursday,
The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1919-08-09

Funding Bond Yes n
New-York tribune., 1919-02-06
Big Copper Company
Cuts Common Dividend
American Smelling Directors
Reduce Disbursement From
6 to 4 Per Cent

Uncertainty as regards the immedi-
ate future of the copper mining indus
try of the country, owing to the slump
IN consumption, caused the directors
of the American Smelling and Refining
Company, the largest concern of the
kind in the world, TO reduce the divi-
dend on its $6O,998,0 900 of common
stock outstanding from to per
cent annual basis. They declared
quarterly distribution on the stock of
per cent instead of the u per cent
that has been paid for many months.
Wall Street was taken by surprise
by the action of the directors, and the
common stock of the company broke
sharply nj the exchange, falling SIS
points net to 637s on heavy trading.
Although no official statement was
made following the reduction in the
dividend, it was assumed in the finan-
clal district that the cut was prompted
by the unfavorabe conditions in the
market for all the metals, but prin-
clpally copper. That the directors de-
cldcd upon the reduction at the last
moment was indicated, however, by the
TACT that one of the members of the
board on entering the meeting said the
regular rate probably would be de-
clared.
The company had been paying per
cent year regular since December,
1916. From 1909 until March, 1916, the
stock was On a basis of per cent a
New-York tribune., 1919-02-06

The cut in the dividend of the
American Smelling & Refining Com
pany is supposed to have come as
great surprise even to the directors.
1t assuredly astonished the Street.
In market otherwise irregular and
indifferent, the stock lost 62s points.
1t is very obvious that that decline
was mainly brought about by selling
by professional traders who never
owned the stock. About 5000
shares changed hands yesterday,
against only some $4,000 of United
States Steel. A volume of transac-
tions like that in a single day is not
brought about by the sudden fright
of actual holders. The incident il
lustrates that professional short sell
ers have still enough credit and cour-
age left to attack the market when
they but have a basis for it.
New-York tribune., 1919-02-06
Midvale Earnings Drop
Net Income Is $8,456,67O i'm
Last Quarter

Net earnings of $S,456,67O after
Federal taxes were reported Yesterday
by the Mdvale Steel and Ordnance
Company, for the quarter ended De-
cember 81. 1918. In the corresponding
period of 1917 the company had earn
lngs before taxes. of SIS 1893 Cos. and
the amount after Federal tax re-
serve of $5,22068S was S13.172.917.
The surplus for the December quar-
ter was $5,023,997 equivalent to S2.b1
share on the 100000 shares out
standing. contrasted with 1889 a share
earned in the preceding quarter. and
S6.44 share, earned in the December
1917, quarter. The amount charged
off on account of plant depreciation in
the last quarter was $2562,840 com.
pared with $1,473.794 in the three
months ended December 81, 1917.
Net earnings of the company last
year. based on the quarterly reports.
amounted to SAL. .93l ,06S. after all taxes
decrease of $1.973,22 compared with
1917 The surplus last year after ali
charges was $40, l63,40s, equal to
$1d,ES n share on the stock against
S17.i2 a share, earned in 1917. There
was an increase in last years dcpre-
ciation charges Of $3.l3l.777.
New-York tribune., 1919-02-06
Ann. Tobacco Dividend
In Convertible Scrip

Directors of the American Tobacco
Company yesterday declared the usual
quarterly dividend of per cent on
the common stock, payable in 6 per
cent scrip. The new dividend declara-
tion is different from previous dis
bursements made in scrip in that it is
not redeemable in cash but is con-
vertible into the new "B" common
stock in 1921 at par. This move on
the part Of the company is said to
have been based on the desire to take
advantage of the recent ruling of
Judge Mayer, in the United States Dis
trict Court, who held that stock divi-
dends are not subject to income tax.
With the cash redemption feature of
the scrip eliminated and the provision
that tho dividend is convertible into
stock only, the new dividend on tho
common is regarded as Il stock divi-
dend~
New-York tribune., 1919-02-06

in the textile and in many another
trade. Cutting prices under such
circumstances does not increase de-
mand. SO copper producers perhaps
figure that the price might just as
we'll be 23 cents as 18. When a
real market appears they may start
to quote real price. Meanwhile
the little fellows who ask only 18%
or 1872 cents for copper may make
the position Of the big dealers en-
barrassing.
New-York tribune., 1919-02-06
Canada's Steel Prospects

Some interesting suggestions as to the
possible future of the Dominion Of
Canada in the steel market of the
world, were made by Colonel David
Carnegie, Of the Imperial Munitions
Board, in an address before the
Canadian Manufacturers Association
at Toronto. The text of the address
has just been received here. eve have
fine deposits of magnesite in Canada,
developed during the war. which is of
excellent value for our furnaces, max
ing it unnecessary to import as hther-
to; our carbon electrodes are second
to none and cheaper than are pro-
duced in England; we have nickel in
abundance; everything in fact calls for
Canada to rise to the first rank as
a producer of high quality steels. She
has the opportunity by sustained and
wise propaganda of displacing much of
the heavy, cumbersome, short-lved
common carbon steels used in our
rolling stock, ships, dredges, docks,
mines and general machinery. and of
becoming one of the principal ex-
porting countries in the world"
New-York tribune., 1919-02-06
W all Street Items

The Equitable Trust Company of
New York has been appointed transfer
agent of the Punta Allegro Sugar Com
pany.
L. N. Hine has been elected first
president, treasurer and a direct
or Of the American Cotton Oil Com
pany, succeeding Henry H. Pierce, re-
signed. Mr.. Hine held these Offices
prior to his entrance in the govern
ment service.
Frank j. Parsons, vice-president of
the United States Mortgage and Trust
Company, has been appointed chair
man Of the committee on real estate
securities CT the Investment Bankers
Association of America.
The Bankers Trust Company will is
sue pamphlet containing the text of
the new Federal revenue act promptly
after the bill has been passed.
II. c. MacLean, head of the New
York office in the Custom House of
the Bureau of Foreign and Domestic
Commerce. will sail for Italy on Feb
ruary q to take up his new work as
trade commissioner to that kingdom.
Ansel r. Clark, formerly in charge of
New-York tribune., 1919-02-06
cipal and interest and terms of +
demption."
Labor Shortage in Shipyards.

While in many quarters the dangers
of unemployment are dominating dis
cussions, several of the larger ship
building yards are still complaining of
shortage of labor. The great fabri-
eating plant at Hog Island, which en-
ploys $4,000 workers, reports that it
could we'll use many more skilled men
to complete the government contracts,
which will keep the plant busy at
least until the end of this year.
Similar conditions are said to exist in
Newark and at Bristol. The great dis
turbing factor from the standpoint of
shipping interests who are trying to
look ahead is the lack of definite
policy as to the future on the part of
the Shipping Board, and great uncer-
tainty exists as to what the shipyards
VIII DO after the present arrangements
with the government are ended.
New-York tribune., 1919-02-06

The nature of the American
Smelling & Refining Companys
business is rather curious. Super
ticially, the smelling and refining
part of the business should have lit
tie interest in the price of copper
1t gets it's copper from the mines
of other companies, smelts and re-
fines it, and collects therefor q
definite charge. 1t advances to the
mines of other companies say, IL
cents a pound for copper concen-
trates with a "probable copper con-
tent of Is cents. When this metal
is sold on the market, the smelling
company adjusts the price with the
mining company according, deduct
ing only the charge for it's smelling
and refining work, In fact, half of
the metal that the smelling company
gets it puts into finish form and
turns back to the mining companies,
letting them take the responsibility
and worry of selling and getting a
figure. But the present dilemma of
the company is this: that it has con-
tlacted to buy copper as the mines
ship it, that as the mines ship it the
smelling company has to pay for it,
and that the smelling company has
10 one to whom it can sell the fin
ished metal until the consuming pub
lie chooses to go marketing. Mean
while the copper keeps on piling- up
at the smelters and rehneries and
the company keeps on investing
funds in copper. That ties up lot
of money.
New-York tribune., 1919-02-06
Short Term Government Loan Expected

Current discussions of what The
terms of the new government var
loan will be have indicated that bank
ers generally look for an issue of q
comparatively short maturity. That
has raised the question of the CON
vertlbility of the first Liberty Loan
3A into such a short term issue. The
circular issued by the Treasury De-
partment in connection with the first
Liberty Loan, offering specifically
said:
IF any subsequent series of bonds
mot including Treasury certificates Of
indebtedness and other short term
obligatlonns) shall be issued by the
United States at Il higher rate Of in
tercst than three and one-half per
centum per annum before the termjna-
tion OF the war between the United
States of America and the Imperial
German government (the date of such
termination to be fixed by procla
nation OF the President Of the United
States). the holders of any of the bonds
of the present issue shall have the
privilege of converting the same. with
IN such period and upon such further
terms and conditions covering matters
4 detail as the Secretary of the
Treasury may prescribe, into an equal
par amount Of bonds. bearing such
higher ratc Of interest and substan
ally Identical with the bonds of tho
present series us to maturity of prin-
New-York tribune., 1919-02-06
Money and Credit

Though the rate for call money ad
vanced from Az per cent for renewals
on loans secured by mixed collateral to
per cent at the end Of the day, the
general tone of the market was de-
scribed as easy. Brokers had no par
ticuar difficulty in getting funds.
Increasing ease is noted in the mar
ket for fixed date funds. Not many
days ago brokers were bidding only 5 4
per cent for money for sixty and ninety
days, and bankers asked 51a per cent
Now there are free offerings at Il per
cent, and the brokers are disposed to
Try to get it for per cent. SO far the
per cent rate is largely nominal.
Yesterday. Year ago.
Per cent. Per cent.
New-York tribune., 1919-02-06

Wartime demand has ceased.
Peace-time demand has not begun.
Industry stands still in perplexity
and fear. Critics say the proof that
the quoted 23-cent price of copper
is ridiculously high lies in the fact
that only onc-twenticth Of the cur
rent output has been bought since
the armistice was signed. But if the
price were reduced to 20 cents or to
.18 cents, would consumers flock in?
Copper producers do not seem to
think 80. What js more probable is
hat such & cut would be taken by
onsuGaers as rotiee that down
ard movement had begun and make
them more tinid than before. This
has been q notable recent experience
New-York tribune., 1919-02-06
Nominal.

Nominal.
Below Is given the current exchange
value Of foreign money in dollars and
cents, together with The intrinsic gold
parity. az calculated by the United
States Mnt
New-York tribune., 1919-02-06

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., 1919-02-06

The facts brought out by the con
ference between the Secretary of
Labor and the copper miners give
added indication that perhaps there
is some justification, after all, for
the quotation Of 23 cents a pound by
leading producers. The demand for
the metal is so small that they can
rot ask less. The present copper
market, if it can be called a market
at all, is highly abnormal and tran
slent. If there were demand, there
are surplus stocks all over the world
to take care of it. Our own govern
ment is estimated to have on hand
at least 225, 100000 pounds of
metal, equal to about five weeks
production at a wartime rate. There
is now accumulated in process from
mines to refneries, or in finished
form at refineries about 1,O00,O0O,-
600 pounds, which would be equal to
five months more production of the
metal at wartime rate. The gov
ernments Of France, England and
Italy have stocks of copper on hand
which they want to sell themselves,
and are discouraging and sometimes
prohibiting imports of the metal.
The British government alone holds
85,o00,000 pounds.
New-York tribune., 1919-02-06

the Boston office. is about to succeed
Mr.. MacLean in this city.
In addition TO the seven distra
Offices of the bureau which are nov
running. new ones may soon be openeo
in the Middle West, it is said, as par
of the general plans of the Depais
ment of Commerce to expand u
activities.
New-York tribune., 1919-02-06
M arkets Inv estm ents
%

Southern Railway Company
Three-Year 646 Secured Gold Notes
Total Authorized 1sue,$
March,
co @ % @ % @ % @ % % ps % %a s e @ .H
an Ndnunmhn
I'D coMM
The 7oung to Heyof sotan
alton tn utunRa RalwayCo
p vail h way Company Develop
by morgg npaucauy yhe
o Issue W De applied t~ardH menoHes
am secured til aunecou
70 mue
period ended Dec 81, the semnmm
5zs he accompany
ef ftepopuy anats
opoU Uaab Fadi Snhe during
tn" Ad is
nd % dsrs@
to
aa p"'e ownership for 51
""'Ne payment o
hd dH dAdAys shIcop prprmemd
Price 1914 AND interest, yielding slightly 6Ma6
@S%%s%-
Continental and Commercial HaIsey, Stuart & Co.
Trust and Savings Bank %%lsz co Chicago
Chicago York Chicago
New-York tribune., 1919-02-06
A Boomerang

The bill introduced at Albany yes
terday proposing to double the state
tax on transfers of stocks naturally
came IN for discussion in Stock Ex
change circles, but there was a general
disposition not to take the movement
seriously. 1t was argued, that an in
crease IN the present levy would de-
feat its own ends, as it would tend to
curtail business to an extent nv which
the state would be the heaviest loser
New-York tribune., 1919-02-06

When the money pool was in ex-
lstence the participating banks were
obligated to lend certain maximum
amounts to the stock market if
necessary. 1t was the understand
ing that these amounts were deter
mined roughly to correspond to the
resources of the separate institu-
tlons. But some of the larger banks
did not ordinarily make habit of
lending to the stock market any
thing like the maximum quota as
signed to them in the money pool.
The fear was expressed when this
pool dissolved that these banks
might want suddenly to withdraw
their funds. Those who intended to
do so have not unlikely done so al
ready. They have doubtless been
aided by the dulness of the stock
market and the desire of other banks
to employ their funds. The Street
loans of one of the largest banking
institutions downtown have dropped
by tens of millions until now they
are less than 40 per cent as large as
at the peak last fall.
New-York tribune., 1919-02-06
The Dollar in Foreign Exchange

Exchange rates were generally steady
in dull market yesterday Scan
dinavian rates were firm.
Closing rates yesterday, compared
with week ago, follow
New-York tribune., 1919-02-06
Finance Economics

FINANCIAL
8243
New-York tribune., 1919-02-06
Relevant Comment
Miami's January OUTPUT Gains

In sharp contrast with the curtai-
ment policy of the majority of copper
companies effective the first Of the year
The Miami company reports a gain in
January output The figures made public
Yesterday showed production of 5273.-
260 pounds, contrastod with 1889 .435
pounds in December and 4,7O9 .4S3
pounds produced in January, 1918.
New-York tribune., 1919-02-06

Sub-Treasury. - The Sub-Treasury
lost $703,0o0 to the banks on Tuesday.
Slver-London, 43isd, unchanged; :;
New York, l01 1@c, unchanged; Mexican
dollars. II 713c, unchanged.
Bank Acccptances.--Th demand for
acceptances is more active as result
of the easier call money market. Rates
yesterday were as follows:
Thirty Sixty Ninety
Spot de- days. days. days
livery: Per cenT Per centPer cent
Eligi Bile
member
banks .4&@A 4h@4A 4A@44
81 igi b. e
non-mem
Der banks-4I4@4Ia 4sa@4}4 42s@4a
Ineligible
bank bills5H@s 5Ia@5 5h@s
For delivery within thirty days:
Per cent
Eligible member banks. 4is
Eligible on-member banks. Az
Ineligible bank bills 8
New-York tribune., 1919-02-06

Tha Federal Reserve Bank of New
YoEl has put in force the following
schedule of rediscount rates which
apply to bankers acceptances: Ma
turtles up to Is days, 4 per cent; 16 to
60 days, inclusive, Az per cent; 61 to
90 days, inclusive, ~ per cent.
The daily star-mirror. (Moscow, Idaho) 1911-1939, 1919-09-27
GREAT STEEL WORKERS STRIKE
A DRAW At END Of FIRST WEE

the
radical changes
Monday,
number
mills do general
ginning
today strike Bethleh1
Steel Company, effective Monday, at
Carnegie Mill to Reopen Monday
YOUNGSTOWN, Following
will Mondd
This the first Mahon
valley steel plants o
viii Combat Railroad Strike.
LONDON(By the Associated rPess)-Preptany of this action
deliberate
railroad
night involves hundred thousand
Marshaling o Fight Strike
Friday Ngh(B Associated
facilities
ing of a negotiations
From authoritative governing
intends its the employment
combat what
a strike against the life of the community"
further
v1sed virtually all the regarding