davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-04-08
A. I. ca Sensational Jnmp

One could hear almost any sort Of
tnlc TO explain yesterdny's sensational
jump Of 0B points In American inter
nationnl Corporation shares. The one
That aecmcd 10 have most Qualification
was that the public WAS Just beginning
to realize the truth Of the state
ment made by President Baldwin
ut the recent annual meeting
that the compnny's investments
we're carried at their cost price
and not at the market quotation The
book value of the stock, according to
the figures disclosed in the annual re
port, was approximately $72 a share
1t was said that in view of the ad-
vances made by the international
Mercantile Marine shares, United
States Rubber, United Fruit and the
stocks Of other companies in which
the American international has q sub
stantial interest, an advance of 10
points or more above the book value
was not surprising. In official quar-
ters the statement was made that
there were no new sensational develop
mcnts in the company's affairs.
New-York tribune., 1919-04-08
American International

Here is what the Stock Exchange
house Of f. W. Wagner G. Co. has to
say about American International Cor
poraton, whose stock developed such
sensational strength yesterday: "At
present market prices American Inter
national Corporation has discounted
what is definitely known regarding its
financial position. The actual value of
this stock, according to the balance
sheet made public at the annual meet
ing on April 2, is approximately $72 a
share on the full-paid basis, or 12O per
cent on the basis of $50 a share paid
in. This market valuation, however,
has not discounted two factors upon
which rest its actual worth and posi-
bilties for future enhancement in
price. First, the differential between
price paid for Investments in stocks,
bonds, etc. and current selling prices
All investments are carried on the
books of the company at cost or mar
ket, whichever figure is the lower. It is
admitted that ruling market levels in
dicate considerable profit to the com
pany. Among holdings of this nature
are securities of international Mercan-
tile Marine, u. S. Industrial Alcohol,
u. S. Rubber and United Fruit Second,
the directorate of the A. I. C. repre-
sents an aggregation of business and
financial brains associated individually
with the most successful institutions in
the country"
New-York tribune., 1919-04-08
Gold Unwa,,icsl
Settlement Of Bri,isI, Balance
That Way Undcsirnble

Representative Wall Street bankers
expressed the opinion yesterday that
1t would not be advisable to have Great
Britain ship us gold, to settle n por-
ton OF the trade running against that
country, as has been suggested in
london, They pointed out that the
United States has more gold now than
it can use to advantage, and that the
injection of any more gold into the
country's financial structure might re-
suit in further serious imitation.
NO official notice has been received
here of any move on the part of the
British financial authorities to ship
the output Of the South African mines
to the United States, although it was
admitted that such a step might be
taken. 1t is believed, however, that
England can use her gold resources to
moro advantage at home than by max
ing. shipments of the metal to the
United States.
The head Of an international bank
ing house said that undoubtedly Great
Britain could spare substantial
amount Of gold at this time.
New-York tribune., 1919-04-08

The average per capita paper cir
culation Of the belligerent countries
rose from $3.50 in 1914 to S228.5O
at the beginning of 1919; that of
neutrals, from $2O.5O in 1914 to
S44.50 at the beginning of 1919.
Senator Owen omits from his calcu-
lations, at least so far as newspaper
reports indicate, any count of the
extent to which special circulation
increases are due to additions to the
gold backing and how far to paper
increase, another calculation which
would be favorable to America.
When the relative ratio Of our cur
rency to our quantity of foods and
services is taken into account, the
currency Of this country is probably
on the soundcst basis of any in the
world. That is one reason why our
present sales Of goods TO nearly all
nations have been exceeding our
purchases from them.
New-York tribune., 1919-04-08
Booth Fisheries Earn $I.80
A Share on Common Stock


For the year ended December %.
1918, the Booth Fisheries Company re-
ports net profits amounting to S2,317.-
SIT, as compared with $3,338,829 for
1917. Federal tax deductions aggre-
gated $250,000 In the preceding year
provision of $625,0OO was made for
federal taxes. A reserve of $719876
was put aside for interest, an increase
Of S187,972.
Balance available for dividends
amounted to S749,359, against S1.ss7,
632 for Che year before. After the
payment of $275,834 in preferred divi-
dends the balance was equal to $l.so
share earned on the 100000 shares
of common stock outstanding, OF no
par value. This compares with Il sur
plus of $1,64l ,522. or $3.50 a share on
the common, in 1917.
New-York tribune., 1919-04-08
Lcgoi Opinion on
Standard Prices
Held Up by Dispute

WASHINGTON, April 7.-LegaIty of
the procedure Of the Department Of
Commcrcc's industrial board in seeking
to determine standard prices for staple
commodities still is under careful con-
sideration by government agencies, it
was learned to-day. Pending further
working out Of the plan, Attorney Gem
eral Palmer will not pass on the legal
ity question, and no request for an
opinion is now pending before him. He
has not taken official and formal cog
nizancc Of the industrial boards ac-
tivitics and will refrain from doing so,
at least, temporarily.
This definition of the attitude of the
Department Of Justice day threw an
other element Of uncertainty into the
industrial boards plans, which were
threatened with disruption by the rail
road administration refusal to accept
the boards prices for steel. Clarihca-
tion of the relations between the board
and the railroad administration awaited
the conference, which Director General
Hines and George N. Peek, chairman of
the board, are expected to hold within
day or two.
Some legal advisors of Attorney Gen
cral Palmer believe clearly that the
standardizing of prices, as evidenced
last week by the uniform bids on steel
for the navy, constitutes violation of
trust laws, or, at least, that the prac-
tice might soon develop into violations
The legality Of the Industrial boards
course, however, is not as immediate
problem before that body as the practi-
cal question of whether the railroad
administration will agree to the prices
already set for steel, or to other prices
to be determined in the future. If a
prartlcal settlement of the dispute can
be found, 1t is considered probable that
the Department of Justice then will be
asked formally for an opinion on the
legality.
New-York tribune., 1919-04-08
Absorption Under Way

While tho stock market hns been
largely nm affair Of bullish nctivty In
industrial epccinltIcs, T. l.. Wnsson g.
co. express the opinion that there nro
reasons for being hopeful Of broad
ening Of interest that VIII later make
prominent the better class Of stocks.
"Brokcragc loans continue low" they
state, "nnd do not reflect the larger
volume of transactions in the market,
which suggests that absorption of
securities by strong and intelligent in
tcrcsts is under way good invest
mcnt demand from the Middle West is
reported, and it is evident that stocks
are being taken up and paid for We
continue to be conservatively opti-
mistic and believe the market presents
good buying opportunities during re-
actions"
New-York tribune., 1919-04-08
The Jump in Call Money

Call money opened yesterday at the
easy and innocent rate of a per cent
for loans secured by a mixture of in
dustrial and railroad securities. At
p. m. it had risen to per cent; at 2
o'clock to per cent, and near the emo
of the day few small amounts were
loaned at per cent. The reason most
generally accepted was that this ad-
vance was caused by payments of notes
by some banks for the War Finance
Corporation which they had subscribed
to. Many of the subscriptions have
already been accepted in full, and the
banks have been notified that payment
will be received until this coming
Friday. The official circular describ-
ing the s20o,o0o,o00 of per cent War
Finance Corporation notes says: ."Pay-
ment for bonds allotted may be made
at once and must be made within the
period fixed in the notice Of allotment.
which will be mailed to- the subscriber"
Such payment is made by the member
bank drawing a check on its reserve
at the Federal Reserve Bank.
New-York tribune., 1919-04-08
ReleyantCO Comment
Talk of a Marine Extra"

Despite underground information
impaired from Washington yesterday
that there was to be drastic cut in
ocean freight rates in the near future
the trend of the International Mer-
camille Marine shares was up
ward, the preferred stock closing up
/ Is, at 112 38, with high price for the
session of 113as. The gossip in com
mission houses was that the directors
at their next meeting may declare a
substantial percentage of the amount
for accrued dividends. the sum men
toned being 20 per cent. AS on pre-
vious occasions, however when SINH
lnr report was circulated by the brol-
crage fraternity, no one officially nble
to do so would confirm the latest
Marine story
New-York tribune., 1919-04-08
What to Buy

Goodbody & Co. announce that they
look for this years market in stocks
to be remarkable both for the very high
prices that will be reached by many
stocks and for the relatively small re
actions in these stocks. owe predict y
they say, that the bears will be routed
many times before they discover that a
powerful and unusual force is at work.
This force tends to sustain stocks that
have had big advances and prevent the
taking of profits by tho rich holders
Of these stocks Because of this new
factor VIC have partly reached the ap-
parently absurd conclusion that the
best stocks to buy are those that have
advanced forty points or more Some
Of these stocks arc industrial Alcohol
Tcxns Company, Mexican Petroleum,
General Motors and Atlantic. Gulf 81
WcAt indies"
New-York tribune., 1919-04-08
Preparing for Politics

Rafaelo Nieto. Acting Secretary of
Finance of Mexico, who was recently
in New York to discuss with bankers
conditions under which they would
aid in the financial rehabilitation of
that country probably will be unable
to return here to complete the nego-
tiations after making his report to
President Carranza. In that event an
other financial envoy will be sent in
his place. Mr.. Nieto expects to retire
soon, according to his friends here, to
start his campaign as administration
candidate for the governorship in the
state of San Luis Potosi.
New-York tribune., 1919-04-08
Discrimination Needed

According to the New York Stock Ex-
change firm of Orvis Brothers & Co.,
this is a time to be careful about what
kind Of oil stocks one buys. "Oil
stocks are still in the public eye," the
weekly review of the house says.
Large profits have been made, but the
public following is now liable to be
loaded up with questionable prospects
incorporated merely for the purpose of
selling out. We think that more than
ordinary discretion must be exercised
in the purchase of new and unproven
oil prOpcrtiCs"
New-York tribune., 1919-04-08
The Dollar in Foreign Exchange

sterling exchange rates declined In
ma market yesterday despite reports
that the British government might shin
the output of the South African gold
mines to tho United States. Sterling
cables were quoted at the close nt
Sl,oo 4' compared with $468 at the
close Of last week
French exchange was easier and
rates on Italy sold of.
oios'ng rates yesterday, compared
with week ago, follow:
(Quotcd dollars to the nonndA
New-York tribune., 1919-04-08
Paris BOurse Firm

PARIS, April 7.-Priccs were firm on
the Boursc to-day. Three per cent
rentes, SO francs At confines for cash.
Exchange on London, 27 francs G2 CEN
times. Five per cent loan 80 francs 80
confines. The dollar ranged from S
francs. 85 centimes to francs 90 CEN
times.
New-York tribune., 1919-04-08
being handled In the face IF tho on

being handled. In the face of the op-
timistic statements from Washington
concerning the success of the s200,Oeo
600, offering at least one important sub
scribing institution has been allotted
Its full subscription and was told by
the government authorities that fur
ther subscriptions are being accepted.
In view of the attractive character OF
the notes, bankers regard the situation
as unfortunate and liable to jeopardze
the public sale of the issue
New-York tribune., 1919-04-08
Predicts Higher Cotton

Higher prices for cotton are looked
for by n, l., Carpenter Il Co. In pri-
yesterday they snd; I'VE expect much
higher prices eventually, but there are
TOO many eleventh hour bulls. Await
reaction" In gossip given out before
the opening of the cotton market they
took the position that the short in
terest is very much smaller than it
further decreased in view of the cur
rent news. "Should any further adj
vance of consequence take place." their
morning letter said, "wo would advise
present longs to take profits and look
on for while"
New-York tribune., 1919-04-08

The above rates express the cost of
foreign money in terms of the Amer
lean dollar You buy an English pound
sterling. say, at Sa.58. The intrinsic
parity is S4.S61s per pound. Thus. YOU
say either that pounds are at n dis
count or that dollars are at premium,
when rs 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., 1919-04-08
Wealth. Mark ets-InVes ents
Market Opinions
Royal Dutch

Royal Dutch, New York shares
said Chandler Bros. & Co in n wire
yesterday. "seem to be coming through
once more. There is no stock on the
whole list which should show more
striking appreciation on the compile
zion of ponce than KoYaI Dutch shares.'
New-York tribune., 1919-04-08
Nominal.

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., 1919-04-08
Badly Handled

Bankers are outspokcn in their crit
lcism Of the manner in which the new
War Finance Corporation bonds are
New-York tribune., 1919-04-08

The Federal Reserve Bank of New
York has put IN force the following
schedule OF rediscount rates which
ties up to Is days, per cent; 16 to
go days, inclusive, Az per cent; 61 to
90 days, inclusive. AZ per cent.
New-York tribune., 1919-04-08

London Money LONDON.
Aprl T. Closing ratc for money, ~
per cent Discount rates wcrc short
nnd three months bills, 3Ha per cent
Hold premiums nt Lisbon, $500.
New-York tribune., 1919-04-08

Sub-Trcasury. The Sub Treasury lost
$4o3,oo0 to the banks on Saturday.
Silver.-London, 48lad, decline Of
"a; New York, 10thc. unchanged;
Mexican dollars, 77Ac, unchanged
New-York tribune., 1919-04-08
Corporate Returns

Associated Oil Company.-Rcrort Of the
company and subsidiaries for 1918 shows
operating income of $50, ,eT1 $780, compared
with s2'.9b2.19 for the year before tfx-
penses and taxes were s26 1os. ia. leaving
a balance applicable for dividends of $f.SAl-
Sus. Dividends totnlied sl.9Ss.SS2. sur
plus of Sa.55S.s15 remaining
East Butte Copper.-The company r~yscrts
surplus after charges of S165. 469 for the
s2.4s share. in 1917. Groes income
S2.A3 share in 1917. Gross inccm'
amounted to S5,S76.S22
New-York tribune., 1919-04-08
Money and Credit

Call money yesterday opened and re-
ncwcd innocchtly enough ut a per cent
Tor miXed collateral: ut ! p. m. 1t had
risen TO b per cent, an hour later TO g..
and some few odd amounts were
lonned nt per cent The cause was
generally believed 30 30 the payment
OF subscriptions TO tho War Finance
Corporation bonds.
In tho tlmo money market fair
amount OF funds was offered for
shorter periods at bM per cent AS
borrowers were bidding only 6lz per
cent because Of tho easy rates for call
money there has been little activity.
Time money became somewhat nrmcr
in the latter part of the day.
Yesterday Year ago.
Per cent. Per cent.
Call money:
On mixed collateral q 6aa
On indus. collateral 4Ia
Time money (mixed collateraD:
Sixty days ........ 5La@5a4 8
Ninety days ....... 5I2@5a4 6
-Four months .634 6
Five to six months. 53a 6
Bank Acceptances.-Rate were un-
changed yesterday.
Thirty Sixty Ninety
Spot de- days. days days.
livery: Per cent Per cent Per cent.
Eligible
member
banks -. .4n@4 4A@4A 4A@4M
Eligible
non-mem-
ber banks.4h@4 4A@4I4 4sa@4A
Ineligible
bank bills.5A @41a 5A@41A 5A@4M
For delivery within thirty days:
Per cent.
Eligible member banks ......... 4Is
Eligible non-member banks. 4N
Ineligible bank bills s....... 6
Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper for all periods I'm to ninetv davs.
New-York tribune., 1919-04-08

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:
La prensa. [volume] (San Antonio, Tex.) 1913-1962, 1919-07-07
QUIEREN QUE CARRANZA COM,
PRE- PRENSA 7 PLUMAS
AMERICANS
YSvqYd VI ~ io,,sds, o,,,a4s

TSEFTd NJ - iot59dSS o'S'a4Ss '9G
WASHINGTON. Julio 6.-El De-
narJamcn;o dc Estado ha n2cibldo Ia
t~raduccion dc IN articulo que fue
publicado For ur periodico mcxica-
no que Sc eGita en- Monterrey. \. L..
gu Sc considera como un 0rgano dc
Carranza. en- e. que Sc dice Que es
Urgentc que 81 g0bicrno caste no ne
nos pesos sine un million de pesos
81 fuere ~r2ccsario, er comprar las
opiniones dc los peri6dicos america
rOs Y en- darles subsidies a los escri-
torres am~ericanos que Sc hagan cargo
de ~preSentar al pueblo americana las
tendcncias Y miras mexicanas actua-
hes, aprovechandose de la division que
eXiste entire los republicaAos V los de-
.n6cratas.
La prensa. [volume] (San Antonio, Tex.) 1913-1962, 1919-07-07
Sc establece-an sucursa!es

Para lograr sus p~ropdsitoS de eX,
paHsion, la Il ga de nefensa de In
tereses Americancs en- Mexico" va i
establecer sucursales en- todos los Is,
tadcs Unido5, pues Sc picnsa que asl
adQuirira mas fucrza.
La primera SHcursal de la Liga
quodara estahleclda en- esta ciudad y
scra presidean2 de ella cl pctrolero
Dohcney.
Las s~ucursa!es de la Liga en- New
York. CT San Francisco, en- Chicago
Y Ell los dcras puntos donde quedcn
estab.ecidas, Sc hallaran a cargo dc
los mas prominentes banqueros Y
hornbraS de ncgocioS de los EStados
Uniios.
Tales son los rropositos del Secre-
tarlo de IA aErupacion, senior Mac
Doanell.
La prensa. [volume] (San Antonio, Tex.) 1913-1962, 1919-07-07

MEXICO. n. f. Julio eel Juez
Tercero SunernumcraTio de DlSCrlto,
dict6 aver A las tres Y media de "a
.tardc y auto una rcsoluclon en- Q!
anraro promovido por el gonernador
de Tamaulipas professor Andres Osu-
ma. contra actos de la ComiSion Per-
ranente del Concreso de Ia Union,
nulen 10 destituyo dc su cargo de 90
hernador.
FL Jucz dc Distr;to mencionado'
suspendio en- definitiva eL acto re
clamado. es decir el Geese acorda-
do nor Ia Comisi6n Permanente de
Ia Camara de D~iputadcs en- contr@
de Osuna.
FL acuerdo tornado por e. JueZ
Tercero Supernumerario de Distrlto
Lie. Miguel Roman, Tue nuesto en-
conociminnto dc Ia autoridad consl-
derada como responsible.
Pero los miemhros que lntegran
Ia Comision Permanente del Con
greso de la Union. han manlfestado
que Ia resolucion tomada en- este a.
slnto es soberana, por 10 cual no
es NADIA dif!cil que a resar del ampa-
70 c~oncedido por el Jucz de Dlstrito,
Andres Osuna. tcnga que dejar e.
! plaesto que ell Senado lie encomendo.
La prensa. [volume] (San Antonio, Tex.) 1913-1962, 1919-07-07
FL a~rticulo II.

Uno de los motives p~rincipalcs por
10 cual IN instruction Sc formo. Sc
gun las declaraciones del scEor Mac
Dornell. fac por el cstablecimlento
De, a-iculo 81 de la Constitution de
| Ouerctaro. cl Qrn Sc neficre a de-
! ~clarar bienes n~acionales tOdas las
! propiedades de los extranleros lcgi-
itimamente ~adQuiridas antes dc que Sc
! decrctara la rucva constitution d."
Mexico.
Por csc articulo. opinan los ex-
tra?ieros. los propietarios e~Xtranje-
ros dc minas, ~petroheo, tie"ras Y de-
mas bienes. Sc ven desroiados de
ellos V para impedir tai deSpcjo Sc
formo la agrupacion cuyos rrabajos
son va corocidos. en- partc, por e.
pueblo americana V el m~eXicano.
Parece que los d~efensoreS de los
Gerechos a~mcricanos en- Mexico han
| lcgrado. en- partc. alejar el n2ligro
en- que Sc haIlanan de ser victimas
de um dcspojo V que ahora preten-
, den intcresar a to1cs los hombr2s de
ncCocios de los Estados Unidos. para
cue los intcreses radicado= cH nues
! tro pas tengan uaa defensa general
en- Ia banca, 81 comcrcio Y la indus
tria amcricanos. 10 cue dara por re-
Sultado pac Ia fIerza de IA agrupa-
ZION lleg4e a IN grade tai, que pue-
da ~corse"u.r SIS p~ropositos por todoS
los mel lbs l@icitts. Y aun ~ contra
Del gon;crno gus ha trataG> DC csta-
hlccer en- SUI cfccto restroactivo, O.
articulo 81 de la nucva carta me-
Xicana
La prensa. [volume] (San Antonio, Tex.) 1913-1962, 1919-07-07
Sc ORGANIZAN SOVIETS EN- Ell
DISTRITO .TALlANO DE
ROMANO

ROMA. Julio 5..-El "Giornale d
Italia" dice Gue las noticias cue 50
han recibido dc algunas poblac!ones
del distrito Dc Romano hacen saher
ur.e a consecuencia de las demostra-
clones V mitires ha5idos ALI, las au-
toridades. virtualmente, han puesto
Ell cobierno en- names de las organiza-
clones socialists, sirdicallstas Y
anarQuistas que nan p~roccdido desde
luego 4 Ia formation de sovi2ts.
La prensa. [volume] (San Antonio, Tex.) 1913-1962, 1919-07-07

cuerdo para tratar de IN modo eff
caz tel problema de Mexico, lnmedia-
tamente que la firma del tratado de
paz por los a!emanes, Sc haya llevado
q cabo."
e. misTo periodista We como fac
tibIe una allanza de los tres grandes
paiseS. Inglaterra. EstadoS Ua!i 5 Y
Francia. para iIegar : n interven-
cion en- Mexico. Y esta intervention
seri4 sir GIda alguna, fruto de las
campanas de los capitalists que idea
ron al IN { 8sya California 4 los
Estados Uridos.
IOA lUiX PIMA.
La prensa. [volume] (San Antonio, Tex.) 1913-1962, 1919-07-07
Hasta ell Canal de Panama.

Las palabras del Presidente Viii
son, en- Indianapolis, Unica Y suPre-
ma garantia qle tien2n los meXica-
nos ante e! peligro de la invasion V
10 ia aneXi6n. envuelveE Ia promesa
que hoy los capitalists americanos
auieren echar por los sueloS. HI aqul
como Sc expresa uno de los periods
tas de Hearst que mas han tratado
los asuntos mexIcanos. con Ia tendon
cia de servir a los jrteneses de los Ca
pitalistas antes que a los de Estados
Jnidos Y Mexico, es decir para enri-
cuecer a IN punado de hombres de
negocios as Sc derramen raudaIes de
sangre:
Las inigraeiones japonesa v ale
mana a Mexico llcvadas en- grande
~cscala, pueden servir a Mexico, cue
ha mostrado su progermsnismo du-
ant la guerra, para el ~estableci-
m;ento de un Essado peligroso Y hos
Ill a los Essados Unidos entire estos
V el Canal de Panama
Como de5e comprenderSe, tai 81
tuaci6n no esta ~dispuesto ell pueblo
dc los EstaGos Unidos a :olcrarla,
los ~intereses de Ia Gran BretaRa po-
drian safrir 81 Pcrmitiera el estable-
ciriento &c tai EstaGo, tanto como los
de ioS Esca6os Unidos. Debese sin
to las autoriGades ingieSas como Q.
Guda a esta consideration cue tan,
preSldenre Wilson. hayan puetso er
Ell tapete de Ia discussion estes asun.
to5, y sin duda han liegado a Ill a