davidaulloa/AmericanStories huggingface dataset:
New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1919-08-27
LOCAL NOTES

Deputy Sheriff Herman Jahnke at
tended to business matters in Sleepy
Eye last Thursday.
Miss Rose Schneider has returned to
Springfield after a visit at the home OF
her sister Mrs. Classen.
Miss Hilda Filsen spent several days
last week visiting with relatives and
friends in Springfield.
Alfred Seifert from Roseau, MINI,
was in New Ulm Thursday visiting
with his father Jas. Seifert.
Mrs. Ried Murray from Madison,
Wis, is enjoying a visit with her parents
DR.. and Mrs. ]. L. Schoch.
Mrs. Paul Wiedenmann from Sleepy
Eye was a guest at the home of Mr.. and
Mrs. Otto Wiedenmann last week.
Mrs. J. A. Schneider from Springfield
( was visitor at the home of her daughter
Mrs. Edward Wolfe the greater part OF
last week,
Mr.. and Mrs. F. J. Temple have re-
turned to New Ulm after a four weeks
visit with relatives in Illinois and at
Milwaukee, Wis.
Mrs. Anton Herbeck, Christ Schwerr
and Mrs. w. Glader from st. Paul
are visiting at the Ernest Schwerr home
ind with friends in the City Sd
Judge and Mrs. I. Nc. Olsen and
Supt. and Mrs. H. C. Hess were in Sleepy
Eye Wednesday to attend the Berkner-
James wedding.
Miss Ida Sommer from St. Paul is
making visit at the home of Mrs
Anna Maltzahn Miss Sommer is q
niece of Mrs. Helena Roos.
Adolph Schell and daughter who for.
1nerly resided at Berkeley, California have
removed and are now making Their
home at Oakland, California
Mrs. H. Nobach from Springfield
and Mrs. Carl Bauch from Lambertol
were guests at the home Of Mr.. and Mrs
Fred Falk last Tuesday and Wednesday
Mr.. and Mrs. P. J. Ritschel from
st. Paul spent last. week witt
local relatives and friends. This is Mrs
Ritchel's first visit in New Ulm sine
they removed from here and sine
meeting their many old acquaintance
she is regretting that she cannot renal
here indefinitely
New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1919-08-27

J. :
Ed stoll visited with friends in Water
willie last week.
Frank Werner from Minneapolis is
q guest at the home Of Mr. and Mrs.
Henry Held.
Irwin Becker has left for Mankato
where he will attend the Commercial
College
Mrs. G. a. Korth from Duluth is
visiting at the home of her parents, Mr..
and Mrs. Christ Able.
Mr.. and Mrs. Otto Wiedenmann and
family spent Sunday at Arlington where
they enjoyed a pleasant visit.
Mrs. Eugenia Jerome from Washing
ton, D. c., is a guest at the home Of Mrs.
and Mrs. III. L.. Beecher Mrs Jerome
is an aunt of Mr. Beecher
Mr.. and Mrs. Vim. .Meile returned the
fore part of the week from Eyota where.
they had been visiting at the home of
the latter's parents.
Miss Agnes Bastian went to Mankato
Tuesday afternoon where she will visit
with friends and see the large Ringing.
and Bailey circus performance
Albert. Whitecomb, Of Rochester, who
was employed as third trick operator
at the local Northwestern station has
left for Candy where he will take similar
position.
Friends Of the former Miss Christine
Fritsche, now Mrs. @. a. Dohlquist
will be interested to know that she and
her husband have removed to Boise
City, Iowa.
Mrs: Bertha Gebhardt from Black
River Falls, Wis, was guest at the
homes of her brothers Herman and
Henry Held ana families during irn, Home
Coming. q Sfs.
Miss Olga Nugget, Of st. James and
Ernest Engelking, Of Sleepy Eye were
united in marriage at the court house
last Wednesday. They were attended
by Walter Engelking and Carolina Hug
! get. The couple will make their home in
{ Sleepy Eye.
Miss Mary McMann Of Marshall was
electro cuted when she grasped an I'M
covered electric wire while connecting
the current with an electric. toaster.
/ Miss McMann was housekeeper at the
residence Of Rev. Father Stewart of the
Catholic church Of Marshall.
/ A Buick roadster was stolen in Com.
frey last Saturday evening. The cal
4 had been parked in the business section
Eof the village by Arthur and Milton
Fredine. They took the key with then
when they left the car and when they
returned at about ten fifteen they dis
covered that the car was gone. NJ
Iclue to the identity Of the thieves has
1been found. ssS=
New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1919-08-27

Miss Josephine Helget has returned
home after = visit with relatives az
Ivanhoe and Marshall.
Julius Gluth has returned to his home.
irl Morgan after receiving attention at.
the L[oretto hospital for some time
Frank Leibold returned to his home IN
sShakopee Friday after an enjoyable
visit with Old friends in the city
Mrs G. R. Hennick IS visiting With
relatives ii the Twin Cities. She viii
return home some time this week.
I Mrs. Oliver Phiebauld from ST. Paul
IS visiting at the home of Mr.. and
Mrs. w Cunningham on North
German street.
Miss Harriet Pellett from Wells, MINI,
was guest Of Miss Elma Stolz last week.
She came to be present at the Hone
Coming celebration.
Mrs. Wellington Murphy from Hold
ingford spent the fore part ofthe week
visiting at the home Of her parents, Mr..
and Mrs. Il. ]. Berg
Mrs. Crecentia Frederick and Miss
Antonio zieher from Minneapolis enjoyed
a pleasant visit with New Ulm relatives
and friends last week.
- 2.
ounty Treasurer and Mrs. Henry
Berg motored to Holding ord the fore
part Of the week and visited at the
home Of their daug Inter.
Olaf Rusten, Silver Thomp Gust
Ellison, Miss Vivian Charnbard and
Alvin Helling from Hanska enjoyed
short visits in New Ulm during the week.
The Standard Bearers Of the Metho-
dist church were entertained last Thurs
day at the home of Mr. and Mrs. Arnold
Cordes. The Misses Bessie and Marion
Schrader and Viola Cordes were the.
shostesses.
Mr.. and Mrs. John Stelljes and daugh-5
ter, Catherine, and Mrs. Herbert Rupert
and daughter Of Minneapolis kvisited
at the homes of the formers sister.
Mrs. John Falk, and also at the Henry
8Stelljes home last week.
Mike A. DeWanz, son Of Mr.. and Mrs:
Jacob DeWanz, who for the past year
and a half was employed at the r. Is.
Weinkauf hardware store at Comfrey,
has purchased a tin shop at Blue Earth
J and took over the business last We'd
nesday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Favor Pierce ARROW

In the opinion Of Wrenn Brothers
& Co., Pierce Arrow stocks look attrac-
tive. "Jhe current price CT As for the
common compares with a range of "A
to 51A last year, and the outlook for
the company is good. Current earn
ings like those of 1913 may not prove
entirely satisfactory, since our wealthy
classes, situated as they are between
the upper and neither millstones of wa,
taxes and labor costs, are for the time
being relatively poor. The business
however, is showing rapid expansion
quite without resort to the cheapeninp
process or quantity production into
which other motor companies have
generally ventured. Considering this
point, the earnings of $3.50 per share
on the common in 1918 as compared
with S11.l9 in 1917 should be regarded
as an excellent showing. However, the
particular advantage of the Pierce
Arrow Company is that it has little
competition in the strictly high Grade
automobile field"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
A Billion Dollars
For Texas Oil Lands
Owners of Fields i'm Lone Star
State Have Waxed Fat on
Profits From Leases
Financial Burea~
Special COrrespOndence


AUSTIN, Tex, April 12-Statistics
compiled of the land acreage in Texas
that has been leased for possible oil
rights since the discovery of new oil
pools in the central western part of the
state was first made about a year ago
show that the owners have re-
ceived in cash more than $1,OOO,OO0,-
600 for leases and that there are APP
proximately 172,0O0,00O acres under
lease at this time.
Nearly all Of the land in a group of
ten countries in the region where pro-
duclng fields have been developed has
been leased for oil exploitation at
prices ranging frfom SO to 81 900 an
acre. Estimating the average lease
price for the 100000 acres in these
zen counties at 500 per acre, it appears
that a total Of $1,000 100000 has been
paid the landowner for the oil rights.
Outside of the more or less proved
area Of the ten counties there have
been leased approximately 100000 900
acres at prices ranging from 25 cents
to $40 an acre. The average lease
price paid on this big acreage was
easily So an acre, making $22O,OOO, 600
which is to be added to the 81 ,04O O0O,-
600, or total of 1890, 100000 that
has gone into the pockets of the land
owners as result Of the unprece-
denied oil excitement
The owners Of the leased land get
one-eighth of the>oi that may be pro
duced upon the property. 1t is esti-
mated that three fourths of the money
that has gone into lend leases during
the last several months came from out
side of Texas, although more recently
home people have become active par
Elephants in this form Of speculation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
The Dollar in Foreign Exchange

The foreign exchange market last
week was an extremely dull affair.
Changes in rates on the principal for
eign financial centres were compare
lively small, the tendency everywhere
apparently being to nwait develop
ments at Paris.
Sterling exchange rates caseG off
somewhat, while French exchange fell
below francs to the dollar on light
trading. Italian exchange vas under
slight pressure. Neutrals were quiet
and fairly steady.
International bankers were without
official information regarding the re-
port that the South African gold field
output would probably be shipped to
New York in the near future. Private
advlces yesterday were to the effect
that the South African government
planned to establish mint there and
the refined gold would be forwarded to
New York in bar form. Bankers here
say that the United States already has
plenty Of gold and that further i'm
ports would be bad for the general
financial situation.
Closing rates yesterday, compared
with week ago, follow:
(QuOted dollars to the noupd>
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
{ 'alsynet and Arizona
Shows Deficit for 1913

On total production Of 51,357,154
pounds Of copper, 1,133,So1 ounces of
silver and 33,S6S ounces of gold, the
Calumet and Arizona Mining Company
earned $3.50 a share, par value $40, on
the S6,425,19o outstanding stock. In
1917 a surplus of s6,628,5o1, or s10.51
a share, was earned.
Gross income for last year amounted
to SIS, 52s,530, or s4,5O7,336 less than
that of the preceding year. Balance
applicable for dividends after deprecia-
ton and depletion was s4,086,23S, a
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
United Railways
Committees Combine
Protective Organization for
BondIoIdcrs OF 1t. Louis
COMPANY Get Together

Announcement was made yesterday
that the two committees formed to
protect the holders of the general
! mortgage i per cent bonds OF 1884 of
the United Railways Company of st.
Louis have Joined hands and hereafter
will work together. The agreement
reached between the committees fol-
the company and the joining in an
application for a receiver filed on be-
half of S. w. Adler, Of New York.
breckenridge Jones, president of the
Mississippi Valley Trust Company, Of
st. Louis, is chairman of one commit
tee, and n. A. Mcmillan, chairman Of
the board of the St Louis Union
Trust Company, is chairman of the
other.
The other members of the Jones COM
mittee are D. r. Francis, jr., of Francis
Bro. Company, Of st. Louis; A. G.
Iloyt, of the National City Company
Of New York; A. II. S. Post, president
of the Mercantile Trust Deposit Com
pany, Of Baltimore, and f. II. Ecker,
treasurer Of the metropolitan Life In
surance Company, of New York.
The other members of the Mcmillan
committee arc Z. G. Merrill. vice-presi-
pany, of New York; Edward Mallinck-
rodt, president of the Mallinckrodt
Chemical Works, of St Louis j. Hern-
don Smith, of Smith Moore Company,
Of ST. Louis, and M. Kotany, of st.
Louis.
ST LOUIS, April ~ Rolla Wells,
former Mayor of st. Louis, and who
recently resigned as Governor of the
Eighth Federal Reserve District, to
day was appointed receiver of the
United Railways Company, which
operates the st. Louis streetcar sys-
tenn.
The appointment was made by United
States District Judge Dyer as the re-
suit Of petition entered in the court
yesterday by Now York stakeholder
~ which the strcetcar company Joined
in the prayer for receiveship.
Judge Henry Lamm Of Sedala, Mo-,
was appointed by the court as special
master to hear the representations Of
the various claimants and pass on the
leceiver's report.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13

WARRINGTON. April ss~Ths Fed.
srsi Trade Commission has announced
tbs dismissal ~ n complaint against
Morris n Co. of Chicago, charging
unfair competition. The Offering for
sale IN Noyember and December, 1917,
~ Texas army camps Of meat, witch
tbs commission said was proved unfit,
WA the baals for this complaint,
The order said wholesome meat was
substituted or no charge was made
for quantities that we're retsctsd, and
that an order tn eease and desist would
not NON serve useful purpose.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13

Report British in Control
OF Aguila Oil Company

NEXICO CITY. April 12.-The re-
port that the Htitish rovern'n
secured q controlling interest in the
Aguila Oil Company has caused a sem
sation here Ii the report is confirmed,
as is expected, it win mean the cancel
ing of the Auigla concession, as a
clause states that if any foreign gov
eminent secures either directly or in
directly an interest in the company
the concess us from the Mexican gov
eminent ar tErfeited
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
New Cor'nelia Copper

In the year ended December 81, 1913,
the New Cornelia Copper Company had
q total income of s11,073,679, an In
crease Of s7,2e3,557. After expenses
and taxes the balance was s4,791, 1S0,
an increase of s3,117541- Net income
Of s2,527.sos was equivalent to s1.4O a
share, pa value s.. earned on the
100000 capital stock, against s7e2,
Ali, or "a cents a share, in 1917.
The company produced last year al
2sa,s42 pounds Of electrolytic copper,
to,e9o.sss pounds In cement copper
shipped and A.so4,s5i copper In ore
shipped, making total output of 49,
p50,i39 pounds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Copyright. 1919. Now York Tribune 1no.)


OF the decline in Stock Exchange
prices on Saturday it may be said
that that Of the industrial stocks
was owing to further reaction from
the high prices of the week, brought
about almost solely by conditions
within the market itself, and that
the decline in the railroad stocks re-
f1ected continued uncertainty and a
little encouragement over the pros
poets of the carriers. They are
burdened with another increase Of
100000 in wages, which must
be continued when they return to
their owners; the prospect of the
banks having to finance them until
July has been made to appear more
serious; there were reports that the
President upon his return planned
to turn them quickly back to their
owners; the legislation that will be
passed for them is still in doubt.
Under pre-war conditions, with the
enormous wheat crop in prospect,
the outlook for the railroad stocks
would be a highly favorable one.
But the question for the railroads
now is not primarily how much
business they will do, but under
what conditions and with what mar
gin of profit they will do it. And
that is something no one yet is GER
tain Of.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13

decrease of S2,542,26 Holders of the
stock shared dividend disbursements
totalling $5,140,062, leaving a 81 ,O53,-
824 deficit for the year.
In the report to stockholders ]. was
pointed out. that the company has been
able to set aside a reserve, Which would
enable it to meet tax payments and
tide it over and be prepared to resume
fall production wien the demand for
copper becomes normal.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Taking Chances With Their Fat


Goodbody e. Co. said yesterday: "Be-
cause few million share days have
heretofore usually marked the culmi-
nation of a bull or bear movement it
Is generally assumed that the market
must turn around after four such ac-
tive days as we have had this week.
Hence the bears had courage to lump
in and sell stocks right and left. We
do not say that they will not now sue
coed in breaking this market for de-
cline that will wipe out from one-third
to one-half of the gains of the last two
months. We will, however, express
our candid opinion that conditions are
not yet ripe for cons iderablc decline
and that in attempting to bring it
about the bears will part with more of
their adlpose tissue accumulated during
the last two Years"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Wall Street Items

tbs franklin Trust Company viii open
en- April Ia an uptown office in tho vicinity
% Forty second Street.
Fzrnon. Son q CO. Offering $1,4Qc,0oo
Globe OIL Company / to year frst Hen
per cent serial notes at prices ranging
from $3.50 TO 95. according 10 maturity
ana tina interest Gate
A new issue OF $4,000 Pacific oas and
Electr1c Company one year per cent
gold notes due April is, 1890. In being
offered by Bonbright a Co at % and In
terest TO Yield over per cent
y, & Read. second v4ce president Of the
Southwestern Bell Telephone and Telc-
graph Company, has been elected pres-
dent OF the Mountain States Telephone
and Telegraph Company. succeeding the
lato Il r. Field.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Uncertainty

"World's taSings Of cotton last
week." say Lehman Brothers, "werc
only 10000 against $4,000 last year.
with 7,718000 for the season. as com
pared to S,674,000. This is a decrease
of II per cent, while the visible supply
is apparently IS per cent larger. We
also feel that, due to the unprcce-
denied prosperity of the South, the
stocks at primary points which 20 to
make up the invisible supply are much
larger than usual. While we are hope
1ul OF a further period of prosperity,
one must realize that many serious
economic problems must be solved
both here and abroad, and we are
doubtful whether we will witness anv
great expansion of industry for some
time to come"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Still In Strong Hands

million share days, persisted in"
say j.. 5. Bache & Co., "have hereto
tore indicated certain amount of dis
trlbution. Wall Street loans, however,
DO not yet show large public partici-
patton, and the bulk of stocks would
appear consequently to be still in
strong hands. Reactions do not prove
the termination of activity"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13

So the Secretary of the Treasury
has had narrow channel to steer
Extreme rates, such as a and 6 per
cent, have probably never entered
his mind. He has doubtless been
conscious only Of choosing within a
range of "a of l per cent, or, per-
haps, only "a of l per cent; be-
tween AZ and per rent, for in
stance.
For the tax exempt bonds his
task has not been so difficult 1t
would have been easy for him to
have fixed too high a rate on these.
The danger Of fixing too low a rate
was small. If the rate were too low
it would merely mean that all but
the wealthiest buyers would turn to
the taxable bonds. If the rate were
too high it might lead to extensive
selling Of taxable securities, and a
consequent collapse in values, such
as was witnessed in 1917, when the
3h per cent tax exempt bonds were
floated. The new rates have al
ready been determined, according to
Washington dispatches. When they
are announced on Monday it will be
we'll not to pass snap judgment upon
them, to realize that the Secretary
has given evidence of receptivity
and an open mind, and that he has
probably consulted the countrys
leading financial experts before
making his decision.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Corporate Returns

National Oil Company.-Gross income
for the year ended December 81 last
amounted to s461.452 From this amount
interest. taxes. depreciation. etc. Of $500,
40 was deducted, leaving net of S232O37
Preferred dividend payments were sos
I62, leaving surplus of s133.275
=. X krcss COmpany.-Sales for March
were Sl9l5,s96, an Increase of $20O17I
over the corresponding month Of last wear
For the three months sales amounted TO
$4.6S4, o95, an increase of S743774
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Variety

The most attractive stocks in the
various classes, in the opinion of N. l..
Carpenter & Co., are: Steels, u. s.
Steel Republic Iron & Steel, Crucible
Steel; coppers, Anaconda, Utah, In
splration and Chino; oils, Sinclair.
california Petroleum preferred, Pierce
on; equipments, American Car e.
Foundry, Pressed Steel Car, Railway
Steel Spring, Baldwin Locomotive and
American Locomotives; motors, Maxwell
Motors first preferred, Pierce Arrow
and WHY'S Overland.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Market Opinion


"The security markets appear to be
discounting the signing of the peace
treaty. said Anderson, Bruins {, Co.
IN summing up the market situation
yesterday. This promises enormous
benefits, especially to American in
dustry. We believe the country will
enjoy a\period of large constructive
activity, consequently for long pull
we are optimistic and advise the Dur-
chase of the better class OF stocks on
recessions. The market is showing a
capacity to absorb large offerings on
relatively small reactions"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13

On the other hand, the rate for
the Victory notes could easily be
placed too low. The danger is two
fold. You run the risk of failure
of the loan or you place the burden
on the banks, thus causing initiation
or restrictions of loans to industry,
or both. Further, very low rate
is based on a false theory. The
theory is that you save money and
high interest payments for "the gov
eminent" But by the government
we mean the taxpayers. We would
be saving the taxpayers money at
the expense Of the bond buyers. The
bond buyers are not likely to be in
general a richer class than the tax
payers. 1t is apt to be the other
way round. The bond buyer would
buy at low rate only because urged
to for patriotic" reasons.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13

This is time for strong hearts,
conservative methods and an abiding
faith in an overruling Providence
". o. Jones, Vice president, Nationc!
Park Bank.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Money, Credit and Exchange

Loans and discounts of the New
York Clearing House banks increased
$16s,010.00O to $4,945, 997 900 last week,
according to the statement issued yes
terday. This abnormal expansion in
the loan account was due in large part
to the heavy bank subscriptions to the
S20O,000,000 issue Of war finance one
year per cent notes sold during the
week.
Net demand deposits of the banks
decreased $88,136,O00 to 1882, 1893 900,
while surplus reserves fell s7,835,32O
to S43,017,270. United States govern
ment deposits with the banks in
creased from $172,S45,00O to $377,19O,-
900 last week
The New York Federal Reserve Bank
lost gold to the interior banks last
week. The statement issued yesterday
as OF April II showed gold in its vaults
and to its credit in the gold settlement
fund amounting to 1892, 808,864, against
$473 ,269, 172 the week before.
Rediscounts and advances Of the
bank against United States government
obligations were $692,682, 1858, compared
with $628,e97 .100 the preceding week.
Bank Acceptances.-Rates were ur,-
changed yesterday.
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent.Per cent. Per cent.
Eligible
member
bank. ..4a@4 M@4n 4a@4N
Eligible
nOn-mem
Der banks..4h@4 4A@44 43a@4h
Ineligible
bank bills.5A@4h 5A@41s 5A@4A
For delivery within thirty days:
Per cent.
Eligible member banks. ........ All
Eligible non-member banks. 900. 4H
Ineligible bank bills. 8
Discount Rates.-The following table
e<ixzoa $ho IL L.