davidaulloa/AmericanStories huggingface dataset:
The sun., 1919-03-14
FINANCIAL NOTES.

Liggett 81 preIel have issued a circular
on Baldwin Locomotive.
r. q. Saunders, agent of the National
Bank OF South Africa in New York. has
received a cable from the banks head Of
ices announcing the opening OF a branch
at Fort Johnston In 'Nyasaland."
William c. orion has prepared an in
teresting analysis OF the New Mexico and
ARIZONA Land Company. which owns the
former land grants OF the Ut. Louis and
San Francisco Railroad Company.
Directors Of the American Sugar Rein
ing Company have elected Joseph f. Free
man general counsel and Major Edwin I.
Gibson assistant secretary.
Elmore Fitzpatrick Higgins, former
chief national bank examiner OF the sixth
Federal Reserve district, has been made
an assistant cashier OF the National BANK
Of Commerce Of New York.
Calumet and Hecla output. including al
suOsiIiaIis lee, foi TS1i us.fy IVES IO,so4 1ss
pounds OF copper against il.75s.50o In
January.
Major James O. Rider OF the general
stan Of the American Expeditionary Force
has rejoined the sales force OF A. d. Leach
n CO.. being attached TO the New York
ofhoA
The sun., 1919-03-14

The total for the equipment companies
is for locomotives and cars delivered
and to be delivered before the end OF
the fiscal year.
The interest rate on the trade ac-
ceptances to be used has not been de-
termined, but it seems certain that It
will not exceed per cent. The ac-
ceptances Will be due in ninety days, but
officials are optimistic that the next
Congress will furnish the funds 10 meet
them before they are due. which will not
be in any case much before the end of
the fiscal year.
The Administration issued the follow
ing statement in regard to the pro-
cramme: After discussing with repre-
sentatives OF the War Finance Corpora
ton The Federal Reserve Board, tho
Advisory Committee of the Railroad
Administration and representatives of
equipment companies as to how these
obligations should be met the Director
General is considering giving permission
to- the equipment companies to draw
crafts on the Director General for
amounts due. the drafts to be accepted
by the Director-General of Railroads.
Tho acceptances probably will run for
ninety days. Such acceptances would
bear interest but the rate has not been
determined. The Director General has
submitted to the Federal Reserve Board
the question of whether Federal Reserve
banks may properly rediscount for nsm-
Der banks such drafts accepted by the
Director-General In response to this
inquiry the Director General to-day re-
ceived the following letter from the
Federal Reserve Board:
The Federal Reserve Board has re-
ceived and considered your letter OF
March -, in which you asked to be
advised whether or not Federal reserve
banks may properly rediscount drafts
drawn by manufacturers OF equipment
material and supply men. individuals
or corporations upon the Dlrector-Gen-
eral Of Railroads to cover the cost OF
equipment. material or supplies sold to
the Director General OF Railroads when
sucn drafts have been accepted by the
Director-General of Railroads and Of
fered for rediscount by member bank
The sun., 1919-03-14
OLD STYLE
COTTON STATISTICS.
New Orleans Cotton Market.

NEW ORLEANS, March 13.-Sharp ad-
vances were made by cotton in tae early
trading to-day. Later the market felt
much liquidation and practically all ad-
vance was lost The close was steady, at
net rise on the old contract months OF
to 81 points and net rise on the
new contracts of to s points Old {:
March, 26.50c. May. 24.5Sc.; July.
2S.SSc; October, 20.75c.; December
2o.40c. New March, 26.5oc.. nominal A.:
May 24SOc July, 23.37c. October,
2l.45c., December. elise. Spot firm, 20
points up. Middling, 27.50c.
The sun., 1919-03-14

Under the provision OF section Q of
the Federal Reserve Act and the regu-
lations of the Federal Reserve Board,
issued in pursuance thereof. Federal re-
serve banks may properly rediscount
for their member banks drafts, COM
monty referred to as trade acceptances.
drawn by the seller upon the purchaser
of goods sold aud accepted by such pur-
chaser, provided such drafts have a
maturity at the time OF discount by the
Federal reserve banks Of not more than
ninety days, exclusive of days of grace,
and provided that they otherwise con-
form to the provisions of law and the
regulations Of the Federal Reserve
Board.
1T is tho opinion of the Federal
Reserve Board. therefore. that subject
TO the limitations Of the Federal re-
serve act drafts drawn and accepted
under the circumstances set forth in
your letter are eligible for rediscount
by Federal reserve banks at the pre-
Vailing rates of discount for trade ac-
ceptances
In view OF this ruling of tho Federal
Reserve Board making this paper eligi-
Bile for rediscount the Director-General
to-day assured tho representatives OF
the equipment companies of his belief
that the way appears open 10 care for
the situation in such a way as TO pro-
teCt the equipment companies and thus
avoid any industrial disturbance"
The sun., 1919-03-14
COFFEE MARKET.

After a hrr start with a show Of
trade and Wall Street support and call
prices unchanged to an advance Of IA
points, the coffee market turned irregu-
lar and on slackening OF demand a little
local realizing caused prices to sag
sharply, the market closing at net de-
clines OF TO S points. After an ad-
vance of 155 to PAL points from the low
point reaction did not surprise. The
technical position does not appear 10
have undergone any change and Brazil
still holds firm Tho local spot market
is strong for Rio.
The sun., 1919-03-14
United Utilities Report.

The United UTILITIES CorDanys an
nual report for 1918 shows net Income
OF Ss-,sdo, OF wnich SiU,UUv wac paiu
out in dividends on the preferred stock.
The balance, S22,s35, and 1857 80 OF
other credits, was passed 10 surplus. Ac-
cumulated surplus on December 81. 1913.
was Sf07,Si1.
The sun., 1919-03-14
OFFER AUT0CAR BONDS.
Issue Is of s1,sOO,OOO First MORT
gage q Per Cents.

Montgomery & Co. are Offering at
prices ranging from 100 to 971a, accord
ing to maturity. $1.S00.0O0 FIRST mort
gage per cent serial gold bonds of
tho Autocar Company dated April 1.
1919, and maturing in semi-annual in
stalments from April /, 1890, to April
]. 1926.
They are coupon bonds OF $1,000 de-
nomination, registerable as TO principal
and callable as a whole, but not in part,
on thirty days notice at 1927 and in
terest until october 1, 1922, and at 101
and interest after that date.
The sun., 1919-03-14

Bnuco Internationally Report.

The Banco International of Havana
Cuba, which was organized TO meet the
expanding business OF the Republic of
Cuba, has just issued it's report cover
ing its first year in business. Total de
posits are reported as $6.624.2Sl73. The
bank has "A capital of $lOOO0.0OO and
reports cash on hand and in transit at
S2,S52, i62. acceptanCes and guarantees
OF S3SS,633.42 and securities on deposit
OF $2,042,9j3.90. A dividend of S per
cent was paid during the year
The sun., 1919-03-14
DIVIDENDS AND INTEREST.
LEmGu VALLEY COAL SALES G.

NeW loTk, MATCH IN, l9IN
The BOARD OF Directors or tho I.ehigh
Valley Coal sales Company have This day
declared a Dividend OF Two Dollars per
share payable April Lat, l9lP. to thosn
stockholders OF the Company who arc
holders OF fun share certificates Of stock.
registered on tho Compauy's books AZ the
close OF business March 90, 1919. CheoI, /
Will be mailed.
W j. RrRTON. rrrasrrer
The sun., 1919-03-14
Meet ReadJustment Confidently.

President John A Topping in his
report to the stockholders declared that
the company was emerging from the
war period Gin condition Of such
strength that the problems Of readjust-
ment may be considered with conf
dence."
In addition TO liberal expenditures for
war benefits, he said the company sub
scribed to large amounts Of Liberty
bonds and expended $500 900 for new
construction 10 speed up war steel con-
struction.
Opera ting conditions he continued.
were difficult, being not only restricted
by governmental regulation, but adj
versely affected by inadequate transpor-
tation, shortage in fuel and labor supply.
Wage advances OF approximately 40 per
cent, were authorized during the year,
which necessarily increased cost of pro-
duction to the maximum. on the other
hand. Government price regulation radi-
cally reduced selling price-and as a re-
suit profits were substantially reduced
The total profits were considerably in
excess of normal. being $lS.906.S14,
while the net profits, after all deduc-
tons for taxes. depreciation, inventory
shrnkage. &c, were $s.53O,l16 and the
balance available for dividends s7,79l,-
s3S. The balance unexpended on ac-
count Of appropriations for construction
purposes OF December 81, 1918, was 81 =
655 600.
The sun., 1919-03-14

matter OF theoretical rather than direct
interest To holders OF the company's Sc
curities as the position of the security
holders under the Federal control act ls
substantially that OF mortgagor on n
property leased to responsible tenant,
whose rental and other income Is ample
TO cover tho carrying charges of the
property with margin of about 20
per cent
The sun., 1919-03-14

quarterly dividend of ono and three
quarters per cent. has been declared on the
Preferred stock Of this Company. PAYABLE
April ls', 1919, Co Stockholders OF record
at the close OF business March IAN. 1919,
mailed.
R.H IsMoS. Secretary & Treasurer.
The sun., 1919-03-14
REPUBLIC STEEL'S
EARNINGS DECLINE
Report for 1918 Shows Drop
of $1O,0OO,0OO From Fig
ures for 1917.
HAS S7,791,934 SURPLUS
Heavy Depreciation for Write
offs Reduces Available
Dividend Balance.
HAS S7,791,984 SURPLUS

With net earnings for the year cut by
more than s10.o0o,000 in comparison
with the preceding year the Republic
Iron and Steel Company reports for 1918
a surplus after charges and Federal
taxes of s7,791,934, which is equal TO
$2222 a share on the common stock
after the deduction of preferred divi-
bends. In 1917 tho surplus was s15,-
s57,197 or $51.ss share on the com
mon. Not only was there n big drop In
net operating profits for the year but
heavy writeoffs for depreciation, &C.
available for dividends to less than
half what it was in the previous year.
Net earnings for 1918 totalled S1s,-
177,046. against S2s,329.71S in 1911
whilo other income increased about
100000, making the total profit for
1918 S1S,906,s14, against $2s,769,021 in
1917 The depreciation item for 1918
was more than 100000 in excess of
that for 1917. being S4,1S3.319. COM
~areh with S1,999.760. Exhaustion
CHARGES were higher, but the charge for
war taxes was less by more than $4,000
900, having been reduced S9,s7S,657 10
S5,6S0,759. so that the net profit for
the year just ended was Ss.53O,116, Il
decline Of nearly 80 per cent. from the
1917 figures. Interest and dividend
charges were virtually unchanged. leav-
ing the surplus at the end of the year
at S4.410,474, against s12,475,737 in 1917.
The total profit and loss surplus of
December 81, 1918, stood at 5,122, 462.
The sun., 1919-03-14

yesterday, might be deducted from its
allowance, in which event there would
be only comparatively small balance
after payment Of interest and other SINH
lar obligations.
The sun., 1919-03-14

Coffee Cables-Rio was unchanged AZ 1905
for No z Exchange, 1-i6d. lower, 1T l3Nsd.
Receipts 900 bags, and stock 81, 90 bags.
In Santos spots were unchanged at l3S300 for
No 4. Futures 25 TO IS refs lower. Receipts
Is, 900 bags, and stock 500, 40 bags Receipts
at the ports were 1900 bags, against 81, 900
last year and IS, 90 two years ago. Sac Paulo
had Is, 600 against rs. 90 and 0o0 and Jundiahy
10 COO against 900 and 100 bags, respectively
The sun., 1919-03-14
CoFFEE STATISTICS.
London Money Market.

BoNpoS, March 13.--NToney. as per
cent Discount rates-Short and three
months bills, 1872 per cent Gold
premiums at Lisbon, 1900
The sun., 1919-03-14

WASHINGTON, March 13-Although
operating expenses of the principal rail-
roads OF the country showed a decrease
in January, gross and net operating
revenues continued to decline, the net
revenue after deduction OF taxes falling
about S54 5000 short of the Govern
ment's monthly rental obligation OF ap-
proximately $4,000. 900.
A summary of revenues and expenses
for ISL roads with annual revenue in
excess of $1,000 900, made public to-day
by the Interstate Commerce Commission,
showed that gross operating revenues in
January declined more than $4,000, 600,
or about l05 per cent, from the. De-
cember figure of S440,1O0,165. Net op-
Grating revenue fell off SS,744,Ss2, or
81 per cent, from the December total
OF S45, 065, sos, while operating expenses
were S360,465,sl5, n decrease of $34,-
56s,747.
Deduction of taxes and uncollectible
revenues from net operating revenues
for January leaves an actual operating
income OF s2O.sSs.OO0, a decrease of
SIC, 900. 900 from December.
Compared with the same month the
year before gross operating revenues for
January Increased $111, 427. 900, or about
3S per cent net operating revenues
s22.4S1,970, or 100 per cent. and oper-
atlng expenses sss.s44.ooO. or 80 per
cent
The Railroad Administration explained
to might that the standard Government
return to the railroads applicable to last
January was $5o.3s1.031. Consequently
the net loss for Inc month would he
about s36,50o. 900. the net income being
$1s,7S3,702. This net income was an in
crease OF s22.ss0,s1s over January. 1918,
when the roads faced a net deheit of
| s4.09Z1i7.
The sun., 1919-03-14
GRAIN MARKETS.

CHICAGO. March 13.-Corn plunged
heavily downward in price to-day owing
In the main to word that the Govern
ment proposed to take stern action
against any attempt to hoard foodstuffs.
The market closed weak. 40. TO 4%c. net
lower with May s1.361s to S136H and
July S1,31ls to s13lL. Oats lost IL
to 219c,, and provisions so cents to 81.
The sun., 1919-03-14

CORN-The market developed a reac-
tionary tendency and prices lost about all
OF Wednesdays gains. There was heavy
selling from the start. and at no time were
prices rs high as at the previous close. In
the local cash market No. ? yellow and No
2 white were quoted at Sl.6S Q. (. New
York.
OATs-The market was lower under
LIQUIDATION. The local cash market was
easier. standard quoted at 72c.: No 2
white. 72hc: No. white. INC; No. 4
white, 70h TO Tic: fancy clipped white
70 a 7Shc.; ordinary clipped white. 7O1a TO
72c all elevator.
RYE Market steady No. : Western
$l.5s C. and T. New York.
BARLEY-Merket quiet. Feeding, ESQ. I;
mailing, l.0S. c. and e. New York
RECOMMENDATION dull Sound mill
ing s2.25 c. and I. New York.
HAY-Market unsettled. No. I. fis6 to
S1.7o; No. ?, sl.55 to tl.6o. No. s. $40 to
$3.50.
sTRAW-Market quiet No l rye. IIA
The sun., 1919-03-14
DIyIDENDs AND INTEREST.
ReeCe Folding Machine Company
QUARTERLY DIVIDEND No. 40 -

4 quarterly dividend Of one per cent has
been declared, payable April :. 1919. to
ness March ! .. 1919.
FRANCIS 4 SHEA prnsldent
The sun., 1919-03-14
The Texas and Pacific Railway Co.

NEW lOrk, February n, WE.
Notice Is hereby given that the annual
meeting of the Stockholders of The Texas
a. Pacihc railway Company viii be heId a
the Office of tho Company No 149 Broad
way, New York city, on Wednesday. the
18th day OF March. 1919, at twelve O'Clock
noon for the transaction Of such business
a may come before said meeting, inolud-
ing the election Of Directors.
The Transfer Books will he closed on
Saturday, the 18th day OF March 1919 at
IL o'clock noon. and reopened on Thurs
day, the 10th day of March. 1919. at 10
o'clock a NJ.
e W NFrTCTJ Sacratary
The sun., 1919-03-14
louisville & Nashville Railroad Co.

The Annual Meeting of the Stakeholder
Of the Louisville d Nashville Railroad
Company will be held at the office of the
Company. in the city OF Louisville. Ken
lucky. at twelve o'clock noon on wednes-
day, April 2, 1919.
The Stock Transfer Books will close on
Friday, March Il. 1919, at three o'clock
p NJ. and reopen on Thursday, April .
1919. at ten o'clock A NJ
l. s. LOCKE. Secretary.
Louisville, ny. February IS, 1879.
The sun., 1919-03-14
Erie Railroad Company first con-

solidsted mortgage general lien
80 gold bonds, due ls96..... .s1s,:i7.ot
Erie Railroad Company general
mortgage. series D. convertible
40 gold bonds, due l95S...... sS71 OF
Columbus and Erie Railroad
Company first mortgage Sc,
nifty year gold bonds. ......... 500 OK
Erie Railroad Company refund
ing and Improvement mortgage
$50 twenty year gold bonds.
series B.. ................... b.4Oo, OF
The patriot. (Glenmora, La.) 1918-1955, 1919-07-04

FOR SALE-One Jersey Cow
and two Heifefs, and one Duroc'
Jersey rlg. Mrs. Elma Fer
guson.
The Glenmora Bank & Trust
Company pays 4 per cent on
savings accounts compounded
every six months. G a pitai
s75, 100000.
Services at the Methodist
church next Sunday morning
and' evening. No preventing
providence. N. n. Oliver.
J. S. Gerson and daughter
Rose Mary are in New Orleans
this week.
Prohibition prohibits q beer,
so try a a per cent savings &C
count with Glenmora Bank q
Trust Company.
FOR SALE-One Jersey Cow
and two Heifers, and one Duroc'
Jersey Pig. Mrs. Elma Fer
puSO0
The patriot. (Glenmora, La.) 1918-1955, 1919-07-04
Local News

Dennis Carruth returned Fri
day after a ten months stay in
France.
Jessie Myers and Mabel White
spent Sunday with Mrs. Logan
of Oakdale.,
Mr.. and Mrs. Luckett Yawn
of Oakdale spent few days with
their parents here.
Mr.. and Mrs. L. Earl Poe were
in Alexandria Sunday to visit
Mrs. Poe who has been under
treatment at the Sanitarium.
Master Fred Allen of Nab Wis
tied the Perry home last week.
He was accompanied home 10y
Misses Rosa and Beatrice Ger
son, Katie and Gladys Perry who
returned Tuesday.
Misses Cliffe Afford and Aud
ye Reynolds returned Friday
from short stay in Columbus
Ohio.
Misses Gladds and Grace Mon
noe are in Alderman Mississippi
visiting their sister Mrs. Lee.
Miss Edna Grayson has re
turned home after a few weeks
visit with the DIR. Monroe family.
Miss Beatrice Gerson enter
tanned Thursday afternoon at a
lawn party given in honor of her
little cousin Rosa Gerson, OF
Patterson La.
LOST Black Berkshire Sow,
split in one ear. Reward Return
to John Rachal, McNary. La.
Savings accounts will bear 4
per cent interest from July Isl
if opened as late as July 18th, a!
the Glenmora Bank.
The patriot. (Glenmora, La.) 1918-1955, 1919-07-04
COUNTING BY MILLIONS

On the 18th day of December
at 1:55 pm. in the year 1915, the
Ford Motor Company cast the
one millionth Ford Model T Mo
tor, the famous power plant OF
the famous Ford car. 1t marked
a great achievement when 1 ,000,-
900 motors had been cast conse-
cutively, without hairs breadth
of change from the original de-
sign.
On April s, at l 80 p. m. in the
wear 1919, the Ford Motor Com
pany cast the three millionth
Model T Motor, and it was iden-
ticahy the same in every detail,
without a change of q hairs
breadth in any particular, as the
first Ford Model Z motor that
was cast, 100000 of one piece
of mechanism cast, one after the
other, without a change, is GER
tainly about as strong evidence
of perfection as it would be pos
sible to conceive. Already nov
more than 1900, 900 Ford cars IL
| daily service, and more than 8,
600, 600 alone carrying this fam
GUS ModelT power plant.
| A further pressing fact is tina
there has not been a day in sth'
past three years when the Fcrt
| Motor Company has not beer
more than 100000 cars behint
orders for immediate delivery
and the output at the presen
time is in excess of 5000 cars pc
I
The patriot. (Glenmora, La.) 1918-1955, 1919-07-04
GLENMORA DRUG COMPANY
GlenmOra, La.

AAsskNE NV
The patriot. (Glenmora, La.) 1918-1955, 1919-07-04
MARKETING HOGS

beats burying them. Steve
Hoover, Mt. Pleasant, Iowa,
writes: Commenced feeding
my herd of about 100 hogs B. A.
Thomas Hog Powder over two
months ago. Fifty were sick
and off feed. Nearby herds had
cholera. I did not lose one
they are we'll and growing fast.
For sale by A. G. Pringle, Max,
well & Pringle and Glenmora
Drug Company.
The patriot. (Glenmora, La.) 1918-1955, 1919-07-04
FLIES NEVER BOTHER

In the summer flies worry an
animal. Get q bottle Of Farrls
Healing Remedy--costs but soc
makes q pint worth 500 Ap.
ply it to the wound. Flies will
not bother it.. Get.it today. You
NAV need it tomorrow. We selllt.
For sale by A.G. Pringle, Maxwell
& Pringle and Glenmora Drug
IN
The patriot. (Glenmora, La.) 1918-1955, 1919-07-04
Lame Back Relieved

For a lame back apply Cham
berlain'S Liniment twice a day
and massage the muscles of the
back over the seat of pain thoro-
ughly at each application.
The patriot. (Glenmora, La.) 1918-1955, 1919-07-04
ARTICLE 1.

The name of the corporation is
MAXWELL & PRINGLE, In
corporated.
The patriot. (Glenmora, La.) 1918-1955, 1919-07-04
The Doctor Away From Home
When Most Needed

When Most Needed
People are often very much
disappointed to find that their
family physicianeis away from
home when they mist, need bis
services. Diseases like pain in
the stomach andk bowels, collie
and diarrhoea require prompt
treatment, and have in many In
stances proven fatal before med
|icine could be procured or q ply
sician summoned. The right wav
is to keep at hand o bottle of
Cham berlains qoaac and Diarr-
hoea Remedy. Ne phTsician can
prescribe a better smedicine for
these diseases. ~ having II IN
THE house you escspe much pain
lind suffering and al risk. Buy
lie now, IL may sire life.
The patriot. (Glenmora, La.) 1918-1955, 1919-07-04
ARTICLE 8.

Service of process shall be
made upon the President, or in
his absence upon the Vice Presl-
dent, or in his absence upon the
Secretary-Treasurer.
Thus done and signed in the
presence of the undersigned
competent subscribing witness
ses, at Glenmora, Louisiana, on
this the 18th day of June, A. D.,
1919.
Witnesses: r. E. Shepard, W
W. Perry, +. P. Maxwell, J. F.
Allen, E. NJ. Pringle.
Jno. NJ. Britt,
ISeal1 Notary Public.
Filed for record June 20, 1919,
at 4 p. m. and recorded June 25,
1919, in CHARTER BOOK "2"
Folio PA, of the Records of Ra-
pides Parish, La.
Valley B. Jones,
Deputy Clerk and Ex-Ofi.
clio Recorder.
State of Louisiana,
Parish of Rapides.
hereby certify that the above
and foregoing is a true and cor
rect copy of the original on file
and of record in this Office.
In testimony whereof witness
my hand and seal of Office on this
26th day of June, A. D. 1919.
Valley B. Jones,
Deputy Clerk.