davidaulloa/AmericanStories huggingface dataset:
The daily morning oasis., 1919-04-27
GREAT SILVER
STRIKE IN A
SONORA
Mine

Mr.. F. C.. Emery, the well known
mining man of Sonora, who is presi-
dent of the Aztec Consolidated Min
ing company, arrived from the south
yesterday evening. Mr.. Emery had
just returned from an inspection trip
to his mines, which are located at a
point about sixteen miles southwest
from Noria station-the latter on the
line of the Southern Pacific of Mexi-
co, about seventy-five miles south
from Nogales. He informed repre-
sentative of The Oasis that develop
ment in the property has been pro-
crossing steadily, and he reported a
very rich strike at one of his mines.
Mr.. Emery stated that for some
time the property mentioned had been
producing ore of a good grade which
ran 100 to 200-ounces in silver per
ton and that the new strike is show
ing considerable 1,000-ounce ore, with
every indication that the ore body will
prove large and extensive.
This is by far the richest strike
reported in these parts in long time.
Mr.. Emery has been operating in
sonora number of years. In his
Aztec Consolidated Mining companv's
holdings there are embraced some go
mining properties, said to comprise
some of the best mineral ground in
the Magdalena and Altar district Of
Mexico. -
Mr.. Emery reports general condi-
tons in Sonora as very satisfactory
and at all times there is extended to.
wads him the greatest courtesy by
both civilians and officials.
The principal office of the Aztec
Consolidated Mining company is at
Springfield, Illinois, Mr.. D. G. Camn.
bell, Of that city, being the eastern
representative.
Mr.. Emery has returned from New
York City and Washington, d. c.. but
recently, where he has been arrang-
ing for more extensive operations al
his mines. His many friends will
congratulate him on his new strike.
Mr.. and Mrs. I. E. Bowers are ur
The daily morning oasis., 1919-04-27
st. Andrews

April 81, first Sunday after Easter.
Sunday school, 10 am. Morning
prayer and sermon, IL. April 20, 80,
May 1, annual convocation of the do
cese in Grace church, Tucson, attend
ed by clergy and lay delegates from
parishes and missions, Arizona.
The daily morning oasis., 1919-04-27

PARIS, April 26.-The departure
OF Salandra and Sonnino this after
noon severed the last ties between TIA
~ and the Peace Conference. Until
the last moment it had been hoped
mat the breach might be healed. The
issue rests now with the Italian narl-
ament and the Italian people.
AT the Italian headquarters il 10
declared that Premier Orlando ;s
making triumphal tour through tbe
provinces and being received enthns-
iastlcally and fervently by demonstra.
I'VE crowds. The premier is expected
70 ADDRESS parliament Monday and
ask Tor vote of confidence. IF a
vote OF confidence is given he can
elCner returns to the Peace Conferences
ana renew the demands made bv ia
" Tor territory designated on the
eastern shore of the Adriatic, and If
ene demand be refused, Italv can
seize F1ume, and set at naucbt tha
decision of the Conference. or TtaIv
can annex Fiume without her deIegs,
|ence. e'e oonIer-
1t is learned that a written st.t.-
menu OF Lloyd-George's position has
1 peen given Premier Orlando, and he
mas been given permission to use II
as he sees fit. " use ~
Inc contests Of the memorandum
aeilverieed are carefully kept secret
put unless it varies from preyiouslv
expressed views of the British COW.
ernment, 1T comedies with President
Wilson'S position. "'
The daily morning oasis., 1919-04-27

~
BRIEF TELEGRAPH 81

WASHINGTON, April 26. = At
noon today the Treasury Department
announced that the Victory Loan sub
scriptions had totalled $3.50, 100000,
gaining $100,000,000 in twelve hours.
DALLAS, Texas, April &c. Tel
egrams from Mexico received here to-
day said that the train carrying the
Dallas trade boosters into Mexican
cities, reached Torreon ehis evening
under guard of sixty Carranza SOL
diers. The guard was furnished when
it was reported that bandits were &C
tive near Jimulco.
SAN FRANCISCO, April 26.-At
noon Victory Loan subscriptions to-
tailed S23,210,000, with over 100000
individual subscribers. In Los An
geles and Southern California at noon
Victory Loan subscriptions totalled
81, 794 900.
The daily morning oasis., 1919-04-27

feld announced that the members of
the board will resume their personal
affairs unless Mr.. Hines needs to re-
quest for imm ediate agreement.
The daily morning oasis., 1919-04-27

Mr.. w. j. Mitchell and family came
in from Mowry yesterday evening and
hey are at the Montezuma.
The daily morning oasis., 1919-04-27

:. ROME, April 26.-The impression
II growing that the Italian nation +
a unit behind their peace delegation
IN m the demands they have made mon
the Peace Conference, and enthusiast
TIC demonstrations are continuing ev-
erywhere: Two thousand Italian
municipalities have wired Sonnino to
remain firm. All government Offices
are closed.
IL is reported that movement has
started IN the italian Senate to cable
tne American Congress at Washing.
ton, an expression of regret at Presi,
dent Wilson'S action. %
The crowds demonstrating in Rome
nave not molested the American en-.
passy Speakers addressing them
nave pointed out that they must dis
tlnguish between President Wilson
and the American people.
Inc proprietor of the Wilson Cafe.
IN Rome, has been forced to cover
with canvass the name "Wilson."
The daily morning oasis., 1919-04-27
Secretary Lane Says London
Pact Did Not Give Fiume To
Italy, But To Croatia
SAYS PRESIDENT SUPPORTS PACT
UNITED Press Servicel
A l O6

UNITED treSs SeEVICet
WASHINGTON, April 26. = Pr-
vate advices to the White House!
from Paris, report that it is said
in the French capital that the Italian
situation is clearing rapidly, and that
other peace leaders endorse the ac-
t;on taken by President Wilson.
Those speaking from authority de-
clare that the President has acteo
along the lines taken to get on RECORD
nations with whom the United States
will deal in the future on the basis o.
international principles for when tne
United States stands.
Today Secretary Lane declared tna'
the London pact does not give Fiume
to italy. but gives the city to Croatia
and that Croatia is now part OF
:Jupo-Slavia. In that case President
Wilson is standing for carrying out
a provision of the London pact, While
Italy is endeavoring to subvert it.
TRIESTE, April 26.-According to
an Agram dispatch the Jugo-SlaV
government has called to the colors
three more classes of the male popu-
laeion subject to military duty.
PARIS, April 26.-The Paris cor
respondent of the Nippon Dempo, a
Tokyo newspaper, cabled his agency:
"Japan's case is still open. The final
scene is yet to come, but am able
to repete that our delegation still
stands firm. Japan may sign just
treaty, but she will not sign an unjust
one."
The daily morning oasis., 1919-04-27
With Vote Of Confidence He Can
Renew Demand On Peace Con-
ference Or Sieze Fiume
THE latter WOULD Be WAR AGAIN
Omitted Press service)

PARIS, April 26.-Baron Sonnino,
Italian foreign minister, and former
Premier Salandra departed for Rome
at o'clock this afternoon. They are
the last OF the Italian Peace delegates
TO leave. A crowd of Italian officers
ana CIVILIANS gave them rousing
farewell.
The daily morning oasis., 1919-04-27

Mr.. and Mrs. I. E. Bowers are up
from their rancho in the vicinity of
Noria, Sonora.
New-York tribune., 1919-03-13
Rock Island Certificates
Listed on Stock Exchange

he detinitive stock certificates of the
Chicago, Rock Island & Pacific Railway
Company will be listed to-day on the
Stock Exchange, according to an an
nouncement made by the reorganizat ton
committee, Of which Seward Prosser,
president OF the Bankers Trust Com
pany IS chairman. No delinquent
stockholders, it was said. were allowed
to lose their equity, as the underwrit
ors waived their right to pay the de-
linquent instruments and take uD the
stock.
This explanation was made in the ap-
plication for listing of the certificates:
"At the time of the consummation of
the plan Of reorganization there was
due the committee about SllS,000 from
stockholders who were delinquent N tho
payment of their assessments. To aid
such stockholders IN preventing their
default the committee obtained the con-
sent of the underwriters to borrow an
amount of money sufficient to pay said
assessments and preserve the equity Of
such depositing stockholders. By rea-
son of the loan that was made at that
time by the committee for this purpose
no depositing stockholder was per-
mitted to default and all depositing
stockholders have now paid their as
sessments."
New-York tribune., 1919-03-13
Sloss-Sheffield Prospers
Profits in 1918 Equal to Sl5.03
a Share on Common

Operating profits of the Sloss- Shelf
field Steel and Iron Company for the
year ended December st, 1918. were
S6,l95 ,527. or $2,S24,913 more than for
the preceding thirteen months War
tax aggregated 81 100000, an increase
of $675.O00. Balance applicable for
dividends was S1.972,07l after all
charges, including interest After pre-
ferred disbursements of Sd69. 900. bal
anco was equivalent to $1503 share
on Sl0,0000 900 common stock This com
pares with $l5.7S a share earned during
the thirteen months ended December
81. 1917.
Common dividends amounting to
81 $500 We're distributed among the
stockholders, which represents an in
crease Of S901, ,13l The company, due
to wartime construction. lost S2.5o2,-
969 on the byproduct coke oven. This
was partly responsible for the decline
of $976.552 in surplus, which was
placed at $453071.
Waddill Catchings. chairman OF the
board of directors, resigned that posi-
tion and was elected chairman of the
executive committee. The other retir-
ing officers were reelected
President j. w Mcqueen. in his re
port to the stockholders. said: Never
has there been in the history of your
company a more unsatisfactory condi-
tion Of labor as to its wage, its scar
city and it's efficiency. The government,
as result of extensive construction
work in your district, raised the scale
of wages for common labor in many
cases 100 per cent"
New-York tribune., 1919-03-13
Tobacco
Profits a New Record
Earnings for Common Stock in
1918 Equal TO S33.42 a
Share

Earnings Of the American Tobacco
Company last year broke all records
in the history of the corporation The
annual report ISSUED to the stockhold-
ers yesterday showed total sales of
$l44,470,068 compared with SS9.92O,249
in 1917 and S70,O09, ,437 in 1916.
The balance available for dividends
on the outstanding $40, ,242 900 common
stock was equivalent to S33A2 a share
against S25.21 in 1917 The surplus
after all charges amounted to $5,4O2 SIT
compared with S2,100,223 the year be-
fore
The company set up a reserve Of
$1,000, ,231 for taxes covering 1918 COM
pared with s2,544,041 in the preceding
year
According to the balance sheet, as
of December 81, 1918, inventories were
carried at $74,624 1922, an increase of
almost 5000 900 over 1917. Cash on
hand at the end Of the year amounted
to $lO,6S5 049 compared with S6,724,7O8
the year before. Stock and bonds
owned by the company we're carried
at S30,7l0,102, an increase of more
than S5,000,O00 compared with 1917.
At the annual meeting of the stock
holders yesterday the retiring direc-
tors were reelected.
New-York tribune., 1919-03-13
Finance q Economics

in two or three weeks, in accordance
with the suggestion alleged to have
been made by Lloyd George. Ger
many needs foodstuhs more urgent
ly than anything else, and this may
prove to be all She can at present
pay for. Her methods Of payment
arc practically confined to sale Of
her surplus products, credits with
neutrals and securities. Germany
before the war was our largest SIN
gle customer for copper. She has
been starved for copper for four
years. But she has found substi-
tutes, and in her present economic
state may be content with them a
little longer. AS for cotton, the
opening of the German market is
what the growers have been talking
about for nearly five years.
New-York tribune., 1919-03-13
European Bankers
Are Ready to Lend
L. ;. Cash to China
Anxious to Participate in
Proposed Loan, but Want
i America TO Furnish All
the Funds II cquired
New York Tribune
WnsItt0fou Pured,.

New York Tribune
Washington Burenr
WASHINGTON, March 12.-Accord-
ing to information obtained from au-
thoritativc sources to-day, the negotia-
tions between American and European
bankers respecting the proposed loans
to China have not been concluded. 1t
is the desire of British and French
capitalists, with the approval of their
governments, to participate in any
loans which may be made, as members
of the consortium, but as they are
portions of the money to be lent, they
desire American bankers to advance
the requisite amounts to them.
lc has not yet been decided for
what purpose the loans to China shall
be made, or the amount, or what Sc
curities shall be required. 1t is un-
derstood the American bankers, sup
ported by the State Department, de-
sire the loans shall be made upon
"the most scientific basis" which
would require taking over the con-
sertium of all outstanding loans TO
China, their liquidation with funds to
be furnished by the consortum, and
assumption equally by the grantors Of
the new loans of all advantages ac-
cruing from such outstanding loans
To this proposition the Japanese in
terests and government are expect
ed to raise strong objection.
New-York tribune., 1919-03-13
(copyusht. 1919. Nsw York Tribune Inc,

(Copyrisht 1919. New York Tribune Incl
Under the sweet Influences of two
items Of news, first, that the rail
road financing would be aided by
the issue of Government war
rants" and second, the intimations
from abroad that peace might be
concluded much sooner than for
merly expected, the stock market
continued its advance, and the adj
vance was violent. In special stocks,
Mexican Petroleum, Texas Oil, In
dustrial Alcohol, Baldwin Locomo-
tive, Sloss Sheffield Steel, General
Motors, it ranged at one time from
8 to 12 points. Such advances tempt
both proft-taking and short-selling,
and it was not surprising that the
market later suffered decided set
back. There is certain pace be-
yond which prices cannot advance
uninterruptedly even for the best
of reasons.
New-York tribune., 1919-03-13
Bankers Approve
Use of Warrants
To Finance Roads
viii Make Efforts to Place
Them, but Think More
Should Be Done by
War Finance Corporation

New York bankers who have been
in conference with members of the
War Finance Corporation and of the
railroad administration declared
yesterday that, as result of the de-
csion Of the government agencies to
issue warrants which may be used by
the railroads as collateral for loans to
tide them over until Congress appro-
PIRATES funds for their requirements,
efforts would be made to place that
form of collateral in banks and trusts
companies all over the country.
"Thcse warrants to be issued by
the railroad administration" said one
banker who was in Washington ear
lier in the week, "should offer a tenn
porary solution of the problem Gre
ated by the failure Of Congress to ap-
propriate the S7500O0,000 contem-
plated under the general deficiency
bill. They Ought not to run for more
than six months and should be an
excellent short time Investment for
the banks. The Endorsement of the
railroad administration insures their
payment at maturty.'
Howard Elliott, who was appointed
by Director General of Railroads
Walker ID. Hines to head the com
mittee of railroad executives, which
will cooperate in working out the de-
tails of the proposed financing plan,
conferred with bankers in the tinan-
cal district yesterday. At those
meetings, it was understood. Mr.. FL
liott stated that his committee, in
rO0Dera Fl on wit h the eyovc ~, mo nj hOd icc
was working out plan which would
show the needs of the carriers month
by month. Future financing, it was
said. would be based on these re-
ports.
Although it was generally believed
that the banks would be asked to lend
freely on the warrants issued by the
railroad admin strntion, the opinion
was still held in important banking
quarters that the War Finance Cor
poration should assume the bulk Of
the burden in view of the near ap-
proach Of the Victory Liberty Loan
campaign. This view, however, was
in contrast to that part of the state
ment issued by Mr.. Hines in Wash
ington Tuesday, in which he said
that to large extent it Will be nee
essary for the railroad corporations
to meet their requirements by OBJ
tanning loans from bankers, the re-
sources of the War Finance Corpo-
ration TO be reserved to protect
special cases.
The views Of railroad car and loco
motive builders will be set forth at
conferences in Washington to-day on
the particular problem Of meeting
payments on contracts previously
placed and now being executed
New-York tribune., 1919-03-13
Funds for Eric Noles
FROM W ar Finance Corp


An issue of $l5,o0O,OOO two-year
per cent secured notes Of the Erie
met by the War Finance Corporation.
Bankers who have been interested in
the company's financing in the past
said yesterday that this decision had
been reached as a result of recent
conferences between the roads Off
cials and the government agency. An
early announcement of the details is
expected shortly.
The proceeds of the maturing notes
were used in part to retire tho out
standing balance of S13,O0OO 900 5 T.
per cent notes that fell due April |
1917, and part, IN anticipation of the
sale of long-term bonds to reimburse
the treasury for advances previously
made for capital purposes
New-York tribune., 1919-03-13
I'M Market stm ents
Repercllssions

1t is only n question of time when
the pre-war slogan Of business as
usual will be manifested d-JohN Y.
FortoeU Company.
No man can safely predict the immc-
diate future Of the copper situation,
but I have no doubt that readjustment
construction work abroad as we'll as in
tho United States will place copper on
q firm basis.-D. c. Jackiing.
Considering tho cnse with which
owners Of Liberty bonds are induced
to part with their holdings, it must
be snid that Americans are not yet n
nation OF investors. Financial Chron-
icle.
For ten years preceding the out
break of the war evidence went to
show that the United States was not
increasing its supply Of cotton at the
rate which the consuming markets
seemed to demand.-London Statist.
New-York tribune., 1919-03-13
Trolley Line Auctioned

ROCHESTER, N, Y, March l2.-The
Buffalo, Lockport and Rochester troll
ley line was sold at public auction
here to-day for 100000 to w A.
Matson and W. ". Foster, Of Roch-
ester, representing bondholders. The
company will be reorganized and oper-
ated by the boudholders. The sale was
under judgment of mortgage foreclo-
sure for s2,799,O00, held by the Lincoln
Trust Company Of New York, the chief
bondhoder.
New-York tribune., 1919-03-13
Osccola Copper Earnings

For the year ended December 81,
1918, total receipts were s3,997,SS4.
Operating expenses aggregated $685.
1893, compared with $2,0l5,494 for the
year before. Cost of construction was
put at S55,l56. Federal taxes amounted
to $3.50 $50, leaving balance available
for dividends of $4S7,9l5. Deficit to-
falling $473.5S5 was reported after the
deduction of 1861, 500 for dividends.
New-York tribune., 1919-03-13
Inspiration Costs Low
Tribune F,nancinl Burcon
Special COrrearOndence

Specldl COrresponderce
BUTTE, March 12.-Inspiration cop
per costs last year were around 8
cents and tonnage costs around 60
cents. These compare with copper
costs a pound for Anaconda of around
Is cents and more than SO. so ton
of ore. Inspiration costs are rated as
the lowest in the country
New-York tribune., 1919-03-13

Here is the condition in one COM
pany: Republic Iron and Steel in
1916 earned $51.SS a share after
taxes, in 1917 $47.67 share after
taxes, and in the first nine months
of 1918 at the rate of $33.43
share after taxes. This is total
of S132.97 for three years. Out Of
that only $3.50 a share was paid
during those three years in divi-
dends. Therefore, in that time, the
common stock theoretically added
S129.47 share to it's value, even if
it earns nothing more and was
worth nothing before. But in 1915
the stock was quoted as high as
$57.25 share. In spite of that
addition in three years, and in spite
of its recent market advance, it is
selling now for less than S83. 1t
is not intimated that Republic COM
mon stock should sell higher. But
the stock interestingly represents
condition widespread throughout the
market, worth rejecting on in con-
sidering the recent advance.
News and comment from the in
dustrial world was yesterday not
altogether favorable. The copper
market is again dull. Colonel Jack
ling, managing director of the "por-
phyry" companies, is optimistic in
the tone of his voice, but admits
that "at present the cost Of produc-
ton is in excess of the market
price" Stephen Birch, president of
the Kcnnecott Copper Corporation,
thinks the distant vista pleasing, but
confesses that for the present cop
per companies are carrying large
amounts of metal and might have to
carry larger amounts. 1t is impos-
slble to shut down mines, because
the organization must be continued
and labor fairly dealt with" The
Kennecott Corporation itself an
nounccd g. production of 5,292,00C
pounds of copper in February
against 1O,04O,000 in January and
10,640,000 in December.
Statements were put out in the
steel trade that one large Eastern
, concern is operating on basis OF
not more than onc-third of capacity
and many Western plants are run
ming at less than so per cent, while
new orders are coming in at mo-
more than 20 per cent Of maximum
capacity. But this may be greatly
altered when the new official
prices are determined. A reduction
Of more than 10 per cent in wage,
! Of sheet mill workers and per CEN
for tin mill workers was announced
from Youngstown.
New-York tribune., 1919-03-13
The Dollar in Foreign Exchange

French exchange was slightly cas-
ier again yeste rday on somewhat larger
offerings of francs. The rest of the
market was dull and there were no
important changes in rates.
Closing rates yesterday, compared
with week ago, follow:
Quoted dollars to the pound)
New-York tribune., 1919-03-13

Now the president of the Corn
Products Refining Company is some
where in the South, and SO he prob
ably didn't have the time to append
sentence or two of eXegetic COM
ment to the company's annual re-
port, which consisted merely of an
income account and balance sheet
There was deducted $13, 100000 in
taxes, equal to half of the profits,
against only S3,5OO,00O year ago.
The deduction may be all right, but
stockholders would conceivably ap-
preciate a little explanation. Some
folk think that the merchandise
and supplies carried in the balance
sheet at S11 100000 are under
valued and that the values Of these
things have advanced since the re-
port was made out Also there is
decrease Of "bonded debt" on the
liabilities side and an increase on
the assets side Of an item Gown
bonds purchased" which is four
times as great as the decrease. The
presidents of most companies have
been lately in the habit of saying a
few helpful words with an annual
report to throw light on figures
which may be otherwise obscure
even to those stockholders who hap
pen to be accountants. The Corn
Products Company has apparently
not the time to devote that much
consideration to it's stockholders
nor even time and postage to give
its annual statement to the news
papers. 1t turned the report over
to two Wall Street news bureaus
and the daily papers of the country
had to get it from them. The Corn
Products concern is often thought
of in Wall Street as being controlled
by "Standard Oil interests 1t has
certainly Standard Oil methods Of
publicity.
New-York tribune., 1919-03-13

Copper and cotton folk now look
hopefully for the removal Of the
ernbars1 on goods to Germany with