davidaulloa/AmericanStories huggingface dataset:
The sun., 1919-05-09
PRODUCING COSTS
HANDICAP EUROPE
Heavy Expenditures Involved
May Block Way to Paying
Debts to U. s.

WASHINGTON, May s. - Producing
costs In European countries higher than
those In the United States are viewed
by the Federal Reserve Board as n ser
ious handicap to the DEVELOPMENT Of
tnelr postwar export trade to the United
states as means Of paying off their
Indebtedness to this country and LIQUID
ating purchases of raw material. The
board points out In its forthcoming
bulletin for May. according TO an oh,
stract made public to-day, that higher
costs In many lines Of manufacture place
european countries at a decided disad-
vantage in competing with American
producers
In many lines of production" the
board says, European costs are appar-
emily higher than in the United States.
this being true OF textiles and other
items In which Great Britain seemed
formerly to enjoy decided competitive
advantage. The existence Of high
money costs abroad will necessarily
after the competitive situation, which
mad existed before the war. and
raise the question how foreign countries
are actually to pay OF their indebted
ness unless the price situation Is favor
able to shipments OF goods to the United
States"
Marked revival OF Industrial activity
IN the United States is predicted as a
result OF the disposition of business TO
abandon the attitude OF hesitation and
postponement in the increa sing conyic-
ton that existing prices and conditions
VIII not be materially altered for some
time.
This disposition on the part of bust
ness" the Board says, has rendered
the question of control OF prices by pub
lie authority less urgent than It seemed
to be few week ago. What is now
happening seems to- indicate that bust
ness will. after a period OF initial re-
adjustment In prices. proceed on a level
not far removed from that established
during the war, leaving the question as
to the ultimate level OF prices to the
future and to more slowly acting
forces"
Price reductions. owing to inflated
credit conditions throughout the world.
can be effected only gradually. the board
says. by a change in conditions OF sup
Dly and demand
The sun., 1919-05-09
CONSOLIDATED EXCHANGE.

In the face OF a general reactionary
tendency in the late trading on the
Consolidated Stock Exchange yesterday
Texas Pacific was bid up sharply to
51N, showing net advance OF 7
points for the day Missouri Pacific dis
played considerable strength. moving up
2 points TO 32A. The marines in the
final hour showed evidences OF accumu-
Iation, International Mercantile Marine
preferred moving into new high terri
tory at 1lsh, net gain OF 3% points
from Wednesdays final. Marine COM
mon moved up more than Il point to
46A, and American International Cor
poration, at ssh, showed gain OF ga
points.
American Linseed OIL was the most
prominent OF the food group. selling up
TO 60h, indicating a gain OF almost 2
per cent. The last hour brought about
substantial recessions In Steel common.
crucible and Bethlehem Steel b, The
Oils sold of materially on realizing
which came from a disposition TO sell on
their marked gains of earlier In the day.
Central Leather gained about points
for. the day.
The sun., 1919-05-09
CALIFORNIA PACKING REPORT.
Surplus on February 2s Advanced
to s7.487,s5s.

Tho California Packing Company
rolled up surplus OF $7.467.S5s. accord.
ing to the balance sheet OF February 2s.
1919, against $5,705.145 at the same time
o. last year, according TO the statement
submitted yesterday TO stockholders by
K. Armsby, its president. The total
income for the fiscal year was $685.
-''. The statement shows that since the
cose Of the fiscal year all outstanding
notes payable have been liquidated and
me liability OF drafts discounted reduced
10 minimum. The plants and ma
ch'nery OF the company, after deduction
inr depreciation. are valued at 1881
~, and It has s9.692.746 invested in
other companies II owns s3,o73.e50
worth u Liberty bonds
All properties and plants OF the cor
3oFa'n have been maintained In good
condition during the year" said Mr..
.Nr''shy IN the report, land depreciation
~ uniting TO s+l9,5i0 has been written
q" IL addition to the cost OF mainte-
hai'e Expenditures covering new ex-
lemons have been made at a cost OF
S'-2C20"
The sun., 1919-05-09
PREDICT GREATEST
WHEAT CROP IN U. S.
Estimating Board Figures on
900,000,000 Bushels for
July Harvest.
RYE YIELD TO BE HEAVY
Report Favorable Conditions
in Most All Sections of
United States.
Special Despdtch to The Sun.

SpcS'"' DesputCN 70 lHE DUN.
WASHINGTON. May s.-Reports by the
crop estimating board OF the Depart
ment of Agriculture indicate a winter
wheat crop in tho United States TO be
harvested in July OF approximately
soo.ooo,ooo bushels. It will be the
greatest wheat crop in the history of
any country in the world and effectu-
ally chase the last of the spectre of
after the war famine.
The size Of the prospective yield may
be gagged by the fact that, II all ex-
pectations are met. 1t will exceed the
crop OF last year by GIL per cent, or
more than 800, 600, 900 bushels, and that
Of 1917 by 117.s per cent
Favorable conditions are reported
from all but one or two States. The
acreage to be harvested Is greater than
ever and the condition, which indicates
the acreage yield. better than ever in
the history Of crop reporting, which be-
gan in 1882.
Reports to the Department OF Agri-
culture on May l indicated that A.
$4,000 acres of winter wheat would be
harvested.
The loss OF acreage through abandon
ment from winter killing and other
causes Is but $4,000 acres the least
damage any crop has suffered so far
as records go. The acreage to be har-
vested Is one-third greater than that OF
last year. The average condition on
May was 1905 per cent, indicating an
average yield an acre Of 1874 bushels.
heavy yield Of rye, far greater than
the avegarge. is indicated in the re-
ports.
The condition OF winter wheat and
the prospective yield increased $4,000
600 bushels from the record estimated
on the condition on April 1.
The sun., 1919-05-09
WANT ROADS RETURNED.
Convention Aims to Get New Eng
land Back of Movement.

BcsroN, May s.-Public sentiment
throughout the United States is almost
unanimously opposed to Government
ownership or Government operation Of
railroads. In the opinion of e. q. Buch-
iand' president OF the New York New
Raven and Hartford Railroad, as ex-
pressed In an address at a transportation
convention held here to-day under the
Joint auspices OF the Associated Indus
tries OF Massachusetts and the Massa-
chusetts Board of Trade.
Inc convention, attended by officials Of
me New England States, members of
congress and railroad and business men,
was called, 1t was announced, to get
New England "solidly behind plan for
the return OF the railroads OF the coun-
Try TO private management"
II ownership and operation of the rail-
,oaos Is to be in private hands Presi-
cent auckland said, remedial legislation
must be had to provide sufficient rev
enue. He advocated the establishment
OF Federal department of transporta-
ton and the adoption of a Government
policy OF consolidating the railroads
into limited number Of strong and eff
ncient systems to preserve competition
IN service and eliminate unnecessary
applications and promote economy,
The sun., 1919-05-09
HONOR J. M. AMORY.
Completes Fifty Years ms Member
of Stock Exchange.

A huge bunch of American Beaut,
roses were presented yesterday to ]. NJ,
Amory by his friends on the floor of
the New York Stock Exchange. Mr..
Amory yesterday rounded out a halt
century as a member Of that organiza-
ton.
H. @. s. Noble. who has completed FIVE
years as president OF the Stock Ex-
change, and will retire from that posi-
ton soon, was the guest OF honor last
night at dinner in the Union League
Club given by members OF the exchange.
The following have been elected MEM
bers of the exchange: d. A. Loring, Jr.,
w. f Travers, William v. c. Ruxton
and r. c. Eastman. The membership OF
w. +. Klemm to II. s. Needs. Jr.. has
been posted for transfer for $4,000. A.
w. Hard has transferred his membership
to w. c. Taggard in partnership
transaction.
The sun., 1919-05-09
COTTONsEED OIL MARKET.

After having been suspended virtually
since December, 1917. trading operations
In cottonseed oil were resumed on the
New York Produce Exchange yesterday
Owing to recent regulations by the Gov
eminent, trading was permitted only in
new drop positions. Trading for the
day consisted of 100 barrels for Octo-
Der delivery, with prices ranging from
23,35c. to 24c. a pound. The West
seemed to favor the buying side on the
supposition that with lard at 81 soc. for
July delivery, oil should be worth high
er prices than have prevailed recently,
while the local trade thinks that. with
October cotton selling for around 24h
cents. "a cents Is too high for oil.
The clearing house for cottonseed oil
contracts probably will not be in work.
ing order. In consequence tho cotton
seed oil trade has decided to call orig
inal margins for cottonseed oil contracts
at 81 a barrel. or a cent a pound. until
the clearing house Is ready to do bust
ness
The sun., 1919-05-09
Require Import Licenses.

WARRINGTON, May s-The War Trade
Board announced to-day that hereafter
individual import licenses would be re-
CURED for all importRtions OF potash
dyes, or dyestuffs, including dye bases,
crudes and Intermediates, from whatever
source they may come. 1t was explained
that exclusion OF these commodities from
the provisions of the general import IL
censo was made necessary because those
of German origin were finding their way
into the United States
The sun., 1919-05-09
COTTON STATISTICS.
New Orleans Cotton Market.

New ORLEANS. May s.-Uncertainty
OF how to take the main features In the
present situation made for a nervously
fiuctuating market with no trend to 1t
in cotton to-day. Last prices for the
session were 8 points higher to II points
lower than the close of yesterday: May,
27.25c: July, 26.00c October, 23.75c !:
December. 2331c; January, 2307c; spot
cotton steady. rs points of mlddling,
27.63c.
The sun., 1919-05-09
DIVIDEND IN VICTORY NOTES.
Underwood Typewriter First to
Use for Extra.

The first corporation to utilize the new
Victory notes as a dividend for stock
holders Is the Underwood Typewriter
Company. The distribution OF Victory
notes will be an extra dividend Of SIS a
share.
The regular quarterly Of So a share on
the common and Of s1.75 on the preferred
will be paid in cash. The dividends are
payable July l to stock OF record June s.
The sun., 1919-05-09
WHEAT GOES TO SPAIN.
In Return Steamships VIII Bring
American Troops Home.

The Spanish steamship Manuel Arnus
loading at this port with $500 tons OF
American wheat, will sail shortly for
Spain This is one OF fleet that will
take food to Spanish. ports In exchange
for Spanish liners to bring American
troops from France. the first of which
the Alfonso Kill, arrived recently
Other Spanish troopships on the way arc
the Infanta Isabella. the Antonio Lopez
and the Pedro de Satrustegul.
Tho use OF troopships In exchange for
wheat is in accordance with an agree
ment made between the American Re-
lief Administration and the Spanish Gov
ernment.
The sun., 1919-05-09
Canadian interests which control u
FRENCH TO SHOW GOODS HERE.
Manufacturer to Open Com merciaI
Omces I'm New York.

PARIS May S.-The Franco American
Board OF Commerce and Industry of
New York and several French manu-
facturers aided by the French Govern
ment have Joined In creating a French
commercial Office in New York on the
plan OF those in London, Madrid, Bar
celona. Amsterdam, Rome and elsewhere.
n i
ton OF samples to be held in New York
from July 10 to August Is Tapestries
from Beauvais and Aubusson. jewelry,
toys. enamelled glass and crystal ware
will be dispiayed
The sun., 1919-05-09
hank OF England statement.

|nHHoN, May S-The weekly state
h''. o! the Bank OF England shows the
wing rhanges total reserve increased
1900 circulation decreased ease, 900 !:
~ Increased f25l.5S3 other securi-
''- ir"reased f2,75O.O00 public de-
''S Increased fi,76l. 0oo other de-
i'''l. decreased 1851 900: Government
-. rites decreased f5.635,0o0. The pro-
i'iior = the banks reserve to liability
,'' week II 1888 per cent. Last week
"'s 81 per cent. Rate OF discount
L peg cent.
The sun., 1919-05-09
Exports From New York.

Wheat, bu., 5s2.s17; beans. bu., H.
oO6; pork, bbls., $40; lard. lbs, $685.
626; stearine. lbs, 26.40O; butter, lbs,
1927; eggs. cases. 1000; -four, sacks,
IL. Al rye. bu., 227,672; peas. bu. 1872 (;
bacons, lbs, 7,2H,S5o; hams. lbs. 144,-
600; tallow, lbs, $4,000; grease, lbs,
S2s,soo; lubricatlng oil, gals, 234,7O0 !;
grass seed. bags, 26s.
The sun., 1919-05-09
COTTON RALLIES AT CLOSE.
Finish Is steady and Prices show
1 to II Points Net Loss.

The cotton market was nervous and
irregular yesterday, but early declines
were followed by rallies. with the close
very steady at a net loss OF only / TO
IA points. July contracts broke from
1854 to 2e.15c and closed at 26.46c.
Trading was not more than moderately
active, but there was considerable real
izing or liquidation on the early break.
while the rally late in the afternoon was
attributed to trade buying and covering.
The sun., 1919-05-09
CORN IS STRONG AT CLOSE.
Prices Finish Mt Rise OF Gig
Cents From Closing OF Day Before.

CHICAGO, May s.--Sharp bulges took
place at the outset and at the finish of
the corn market to-day. but during the
time between prices were weak. Wet
weather and scantiness OF receipts were
the chief Strengthening factors. Inter.
vening depression came principally from
setbacks in the value OF hogs. The close
was strong at the same as yesterday
finish to az cents higher, with July
sl65E to Sl.66, and September s1.5sM
to Sl.59. Oats gained u to IN cents. In
provisions, the outcome was unchanged
to 60 cents down.
COhN-Price changes were very fever
ISM but after an early break OF az 10
cents oushel the market rallied and
cIos!ng quotations were at about the beet
Tor the day, with net gains OF v to ~ c.
was quoted at sl.ssx; No. . white. ,i.ssE'
cost and freight New York. -
OATs-The market closed with net
gains OF "A to Nc. In the local cash mar
se, prices were nrm, although nominal.
NJ: white. 7sr o soc; No. ! white. ~
binary clipped white. 70 gsSc.. all elevator,
KfE-Aarket frm yesterday. No 2
western i.7+h, cost and freight New
BARLEY-Msrket easy yesterday. Feed
ing, $40: mating, N.2s. cost and freight
Northumberland quie. yesterday.
Sound milling. IS. nominal, cost and
.2;i5a22O; No. !, ,sic: 40. 3. ,is5s
sTRAw-Merket steady yesterday. No.
The sun., 1919-05-09
Customs Receipts S44S,7ss.

Receipts for duties at the Custom
House yesterday we're si45,76sSS. of
which sl37,3236S was for merchan dise
Withdrawn from bonded warehouses and
s30S. 1880 for recent importations.
The sun., 1919-05-09
Elk DIVIDEND TABLE.
$685., 900 for Central Vermont.

WARRINGTON. May s.-The Central
Railroad OF Vermont will receive $685.
900 annual compensation from the Gov.
ernment under a contract signed to-day
by Director General Hines.
The sun., 1919-05-09
GENERAL ASPHALT COMPANY.

ThITldeIphla, Nay 4, I9lg.
PREFERRED STOCK DIVIDEND 40. AZ
A dividend Of ~ per cent. tl.25 per
share) has this day been declared upon
the Preferred stock, payable Monday, June
end 1919. 10 stockholders of record at tho
close OF business Saturday. May l7th, 1919.
Transfer books will not be closed.
kI. SerrntarN
The sun., 1919-05-09

SOUTHERN PACIFIC COMPANY

A QUARTERLY DIVIDEND OF ono dol
lar and fifty cents (Sl 5ol per share on the
Capital Stock OF this COMPANY has been
declared payable at the Treasurer's ONCE,
No. ls5 Broadway, New York. -. Y. on
July ], 1919. to stockholders OF record at
IL o'clock noon, on Saturday. May 81, 1919.
The stock transfer books will not be closed
for the payment of this dividend Cheques
will DO mailed only to stockholders who
have filed permanent div'dned orders.
A. X. VAN DEVENTER. Treasurer.
MaY 1917
The sun., 1919-05-09
DIVIDENDS AND INTEREST.
THE UNDERWOOD TYPEwRITER
COMPANY

The Board OF Directors OF the Under
wood Typewriter Company at its regular
meeting held yesterday declared the regu-
lar quarterly dividend OF sl.75 per share
on the preferred. and $500 per share on
the common stock OF the company payable
July LIST, 1919, to stockholders of record
June 9TH, 1919.
The Directors also declared an extra
dividend OF $500 per share on the common
payable July list, 1919. to stockholders of
record June 9TH. 1919. Odd shares will
be payable in cash. Certificates will be
enclosed with checks Tor the cash divid-
end. calling for tho delivery of the U. s.
Victory Notes as soon after July LIST as OBJ
tainable from U. s. Treasury.
The sun., 1919-05-09
ELECTIONS ANp MEETINGS.


THE FARMERS LOAN AND TRUST
COMPANY
l6, IS, 20 and % William Street,
New York City
The Annual Meeting Of the Stockholders OF
THE "a RMERS' LOAN AND TRUST COM
pANY for the election OF Directors Will he
held at the once of tho Company on TUES
DAY. JUNE 10Th, 1919. Polls viii be open
from twelve o. clock noon 70 one o. clock L. NJ.
AUGUSTUS V. HEELY, Secretary.
The sun., 1919-05-09
ldEXICo RETURNS ROADS.
state Railways Are Given Back Il
Owners ny Government.

MEXICO C1TY, May s.-The Mexico
City State railways. which for the last
four years have tsen under the admin
istration of the Federal Government.
yesterday were turned back to their pri-
vate owners.
There Is no information available as
to the. conditions agreed to in the trans
fer.
Canadian interests which control the
c.
Government for many months In the
atten'"t to oht"'r ~-er' O~
damages suffered by the system during
the time It was out OF their control.
The sun., 1919-05-09
UNION Pacific KAiLKUAO GO.

A dividend of $3.50 per share on tho
Common stock of this company has this
day been declared, payable on Tuesday,
July ], 1919, to stockholders of record at
p NJ. on Monday. June .. 1919.
Stockholders who have not already done
so are urgently requested to file dividend
mailing orders with the undersigned, from
whom blank forms may be had upon appli-
cation.
FREDERIC V. S. CROSBY. Treas,
10 Broadway. New York n. y.
The sun., 1919-05-09
THE CANADIAN PACIFIC RAILWAY CO.

y z.
Al meeting OF the Directors held to day
tho usual quarterly dividend of two and
one-half Ter cent. on the Common Stock
for the quarter ended 3Ist OF March last
being at the rate OF seven per cent. per an
mum from revenue and three per cent. per
annum from special income account, was
declared payable 3Oth June next to share
holders OF record at p NJ. on soth May.
instant
The sun., 1919-05-09
CO-PARTNERsHIP NOTICE.


WALL STREET,
NEW YORK. y Y.
April Soth, 1919
Notice IL hereby given that the frm OF
BUTLER. HERRICK 4 KIP
has this day terminated.
ARTHUR w, BUTLER
r. HICKS HERRICK.
HENRY s. KIP.
WALL STREET,
NEW YORK. y Y.
May LIST, 1919
The undersigned have this day formed
the drn NJ
BUTLER, HERRICK & MARSHALL
70 transact a general business in stocks
and bonds at the above address
ARTHUR W. BUTLER,
Member y. Y. Stock Exchange
HICKS HERRlCK,
CHARLES II, MARSHALL,
Member y. Y, stock Exchange
We beg to announce that Mr.. WILLIAM
c. TAGGARD has this day become II gem
eral partner in our firm.
TAYLOR, SMITH & HARD,
40 Wall Street, New York.
The sun., 1919-05-09
Pacific GAS AND ELECTRIC co.
UNITED CIGAR STORES COMPANY
OF AMERICA

PREFERRED STOCK DIVIDEND NO. 81.
A regular quarterly dividend Of l&cs
has this day been declared upon the Pre-
ferred stock OF this Company issued and
outstanding. payable June 10th. 1919, to
stockholders OF record at the close OF bust
ness on May 29th. 1919.
The stock hooks will not be closed
GEORGE WATTLEY, Treasurer.
The sun., 1919-05-09

LONDON. May s.-FoIlowing are the clos,
metal quotations
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-09-14
TEN BALLOONS IN
RACE NEXT MONTH
National Event viii Start
From st. Louis on Oct. |,
Maj. Lambert Directing.

ST LOUIS. Mo. Sept. 13-Ten
balloons representing six cities will
compete in the national balloon race
to start from here oct. /, accord
ing TO announcement Of Mai. A. B,
Lambert OF the Missouri Aero
nautical society, who is directing the
contest Four Of the entrants were
formerly balloon instructors in the
army.
The entry list follows: Capt Ell
mer G. Marshuetz. St. Louis; Capt
CARL w. Dammann, wichita, Kans
Ernest s. Cole. St Louis; John S
McKibben, St. Louis; c. L. Bum
baugh. Indianapolis; H. f. Honey
we'll, Kansas City, No: Ralph Up
ton. Akron, o.. Warren Rasor
Brookville, O.: William Assman, St
Louis and Paul VI. Mccullough, St
Louis
Most Of the contestants, accord
ing to Mai. Lambert will fly newly
constructed balloons built with a
view 10 breaking all established long
distance and endurance records.
Prizes Of $500 for the winner, and
$500 and 5000 for second and third
places, respectively, have been Of
fered by the Missouri Aeronautica
society.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-09-14
MOUieS Help Girls
To Be Beauties
Also "VambiSh ="

CHICAGO, H., Sept Ia
Girls will be psychologically at
fected by moving pictures. says.
dorado Taft, the sculptor. They
see beautiful women on the
screen; then they go back and
practice for hours before the
mirror. The outcome? Grace
full walking, Pheasant faces, fine
compilations and vivacity. Still.
the hoydenish and caper-cutting
movie actresses are a bad infiu-
ence."
In the opinion OF Miss India
ma Gyberson, an Irish painter
who has studied in Paris and
Madrid. the movies have made
American women more beauti-
full
"Ah, the rising generation Of
Chicago girls" she exclaimed.
"One sees a far. far larger num-
Der OF charming women here
now. Let them talk Of cabaret
dancing and rich pastry running
the attractiveness. 1t is the
movies that are moulding ever
fresh types Of native beauty
new American types.
Yet she conceded that the
screen plays WELD an influence
that will work either good or
evil.
Remember the recent ava
lanche Of 'vamps' in Chicago ?"
she went on, Girls who slinker-
slouched when they walked, roll
ed their eyes alluringly and tried
to look naughty? They were
copying the movie queen of the
moment. Now we're getting the
athletic, vigorous. smiling girl in
the films. 1t is good. AS De
Maupassant said: All women
are initiative as monkeys The
speedy action of the films has
made girls vivacious."
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-09-14
DRIVE To URGE
BEST STUDENTS
INTO COLLEGES
Statewide Campaign in In
diana to Induce High School
Graduates to Continue.

INDIANAPOLIS, Sept. Is. A
state wide campaign TO urge high
school graduates of 1918 TO enter
colleges or universities has begun
under the direction of the state
board OF education, Q. H williams,
former state high school inspector.
and Prof. W. r. Book, head of the
department OF psychology at In
diana university.
The campaign follows the test last
year of more than 5000 graduating
high school students as 10 their
mental status. The purpose of the
examination was TO learn just what
students should continue their ed
ucatiOn. students who showed a
marked intelligence will be assisted
in every manner so they may keep
on in their school work.
Many Cannot Attend.
The test. said TO be the most re-
liable of any ever given, disclosed
that OF those students who won the
classification very superior intelli-
gence" only IS per cent plan 10 at
tend some college or university. OF
this number, p per cent must be
given financial assistance. Only IS
per cent Of the boys and 50 per cent
OF the girls who get intelligent
scores above the state median ex-
pect 10 enter college.
II has been disclosed that the
colleges and universities are failing
10 draw many students OF first rate
ability. while on the other hand
they are attracting many students
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-09-14

PARIS. sept. 13.-France's
declining birthrate has lately
been a source OF much concern
but a distinct improvement has
been noticed during the present
month.
Evidence OF a great decline IN
births IN 1918 was shown IN
OFFICIAL figures for the district %
Seine. which includes the city
OF Paris. which showed that
there are only $3.50 births
registered in that district in 1919
as compared 10 the 1889 in
1911.
The infantile death rate Civ
en- by statisticians is 40 per
cent. as compared 10 10 per
cent before the war. This has
been attributed 20 tho scarcity
OF wet nurses and poor quality
and shortage OF milk for bot