davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-12-14
The Dollar in Foreign Exchange

After declining more than 20 cents in
value in terms Of dollars in week,
the pound sterling yesterday rallied,
and demand sterling was quoted at
$3.6825, up 21a cents above the closing
quotation on Friday. French and Bel
gian francs were also shade stronger,
but lire continued to depreciate.
Bankers and dealers in foreign ex-
change were disinclined to look upon
the rally in pounds and francs as espe-
cially significant The market has not
yet been enptied of cotton bills, and
it was estimated by one of the largest
traders in exchange in this country
yesterday that more than 100000
pounds of sterling bills are now being
offered for sale in New York every day.
Yesterdays squirt, it was said, was due
in part to short covering, and partly
to the reports from London that the
Allies were ready to make concessions
to get America to support the peace
treaty. Moreover. j. Austen Chamber
lain advised citizens Of Great Britain
that "it would be further helpful if
investments in American mortgages
were realized and repatriated." The
sale of British held American securi-
ties on large scale would to some ex-
tent create dollar exchange and Offset
the smashing decline in sterling. Brit
curities held by j. P. Morgan g. Co. as
collateral against several war loans in
this country which have been paid off,
but thus far, it is said, the selling has
not been heavy.
In the absence of the extension Of
large credits to Europe, bankers antici
pate no betterment of the exchange
situation until either the foreigners
curb their imports or increase their
exports. During the next five months,
which bankers regard as critical, Eu
rope will need to purchase foodstuffs
and raw materials which cannot be OBJ
tanned elsewhere and are needed in
spite of the disparity in exchanges.
When Great Britain, for example,
begins to export on considerable
scale cotton goods made out Of the raw
cotton she is now purchasing, exchange
rates will move in favor of London,
bankers predict. And they point out
that, just as Britain is at disadvan-
tage now in having to pay premium
of more than 20 per cent on exchange,
when she seeks to sell her manufac-
tured products in foreign markets be-
cause her customers will gain from the
exchange disparity. And, it is said. to
the extent that the pound is depre-
ciated British merchants will be able
to undersell American manufacturers.
In the last week marks show net
loss. Marks are in much worse posi-
ton than the Allied exchanges, bankers
say. because the gold reserve behind
the marks has been depleted by the
turning over of German gold to the
Allies and the United States. The
measure Of the value of the German
mark is the political and economic sit
nation in that COuntrV
If you calculate the cost Of the dol
New-York tribune., 1919-12-14
Stocks Advance
As Pressure of
Liquidation Eases
Buying in Anticipation of a
Favorable Stock Dividend
Tax Decision Helps Prices
Foreign Selling Light

Relieved temporarily Of the three
most depressing influences, the stock
market yesterday gave better account
of itself. Railroad and Industrial stocks
alike showed considerable strength,
and while there were minor reactions
the tone was strong at all times and
prices closed at about the highest points
of the day.
lnasmuch as stocks could be carried
over until Monday without borrowing,
considerable buying for long account
was in evidence, and as was the case
week ago, many commitments were
decision in the stock dividend tax
case would be handed down then. This
was also factor in stimulating short
covering, which was large enough to
assist materially the advance in prices.
The feeling that an acute money
squeeze will be felt Monday was not so
much in evidence yesterday, the pre-
vailing opinion being that the worst
had been seen on Friday.
Equally constructive was the fact
that the volume of selling to establish
losses tor income tax purposes was
much lighter than it had been in other
recent sessions. Brokers expressed the
opinion yesterday that the bulk Of such
selling, which has been large, was fin
lshed. and that hereafter it would not
be so much Of factor in the market
According to reports, very few Of the
securities sold for this purpose have
been repurchased as yet, and this is
regarded in some quarters as meaning
that there is large potential demand
tor stocks which will begin to come
into the market after the first of the
year.
Liquidation for foreign account was
relatively small yesterday. Apparently
the shipment of gold by Canada has
brought some relief in this direction.
New-York tribune., 1919-12-14
M0nev and Credit

net increase of $27, ,636,396 in the
borrowings by member banks last
week was revealed in yesterdays week
~ statement of the Federal Reserve
355,T40, contrasted with S91S,719,344
for the week ended December 5. The
increase was brought about apparently
by increased discountings of CONNER
cial paper and bankers acceptances, as
the loans on government war oblga-
tons decreased from S667,512,631 to
1854 ,401, ,143. This reduction Of $13,111,-
4SS may have been due in part to the
increase last week in the rediscount
rate on Liberty bonds and Victory
notes, but this action came too late in
the week to have exerted an important
influence.
The weekly statement of the New
York Clearing House, which has as
sumed a position of minor Importance
since the establishment of the Federal
Reserve System, showed total loans
and discounts to be S5,143, ,208, 900, an
increase of s37,905,000 over the aggre-
gate of week ago. Net demand de-
posits increased SAT 1882, 900 to $4,123,-
9S0,0O0, and United States government
deposits dropped from $151 ,017,O 900 to
500 ,611 ,000, so that the net Withdrawals
for the week amounted to $52,406,000.
estimated as high as s65,000000 by
bankers early in the week.
Bank Clearings.-Bank clearings yes
terday were:
Exchanges Balances
Baltimore .....$17, ,O92,7S6 1880, 1889
Boston ......... 7S,294,0S4 18,437 ,O37
Philadelphia go. s3,033,642 23,570, ,260
Silver.-London, 7S1ad; New York,
$1.31 u. Mexican dollars, $1.00h.
New-York tribune., 1919-12-14
United Light and Railways
Company Passes Dividend

At meeting of the directors of the
United Light and Railways Company it
was voted to pass the quarterly divi-
dend Of per cent on the common stock.
The regular quarterly dividend of ~
per cent on the preferred stock was
declared, payable January 2 to stock
holders Of record December Is.
A statement issued to stockholders
said in part: ut is thought wise to
defer the common dividend pending
the working out of many questions in
volved in international commerce and
finance, more reasonable money condi-
lions and the solution of the return of
normal conditions of coal supply"
New-York tribune., 1919-12-14
Pierce Arrow

Every time Pierce-Arrow common
goes up the old story comes out that
the General Motors interests are buy
ing control of the company. 1t hap
pened again yesterday, when the stock
advanced points to 77}4 1t was re-
ported in connection with the better
tone displayed by Pierce-Arrow that
the interests affiliated with the Cen
eral Motors crowd have corralled l00,-
600 shares out of the total of 25O, 900
outstanding. People who bought
PierceArrow on the numerous tips of
buying for control by new interests
are having extreme difficulty in get
ting any definite news on the situa-
ton with regard to the stock. There
have been days recently when Pierce
has looked extremely bad from the
viewpoint Of the market trader. and
again days when it has looked as if
1t were poised for another such a RAM
page as carried it close to par few
weeks ago
New-York tribune., 1919-12-14
Brooklyn Union Gas Company
Passes Quarterly Dividend

Directors of the Brooklyn Union Gas
Company have passed the regular quar-
terly dividend Of "a per cent, which
we, was due to be paid on January 1, 1920.
The immediate cause for this action
was that earnings under the present
eighty-cent gas law do not justify a
continuation of the Disbursements
The company has been paying divi-
dends since 1896, the year after it's
incorporation, having started on per
cent basis in that year. In 1904 the
rate was increased to 91a per cent, but
in 1909 the rate was again reduced to
= per cent, with an extra dividend Of
2 per cent from 1912 until last year.
when excessive costs caused a discon-
tinuance of the extra payment.
New-York tribune., 1919-12-14
In Wall Street
Jesse. Livermore Bearjsh

Jesse Livermore, who, accord;no :.
the gossip Of the Street, has been 20 20
important factor in shaping the cou,sa an
of prices of speculative stocks Of ,sts
is still said be extremely beariss'
Early in the week he had a heavy l;n. l,a
Of short stock out, and after coy.r;rs n's
that is reported to have gone sharss
again. Yesterday he was said to !.
buying stocks, apparently for shor.
covering purposes, but his attjtnds
toward the market as regards the lons
pull is stated to be unchanged. Is
other words, he believes that we will
see much lower prices before next
spring.
New-York tribune., 1919-12-14
Czecho-Slovakia Loan

The loan which Czecho- Slovakia has
just arranged with French banks in
wolves a 100 100000 franc credit, IT be-
came known yesterday. Part of this
viii be used for purchases in France,
but share may be spent in this coun-
try for cotton. The Czechs speciicai-
ly asked the French to transfer part
of their own balances in the United
States to them, and bankers expect this
to be done
New-York tribune., 1919-12-14
National Bank Profits

Thirty-one national banking institu-
tlons in Manhattan show earnings
during the past twelve months ranging
from to IS per cent on capital, &C.
cordlng to compilation made by the
Financial Age
In actual amount of net earnings the
Chase National Bank leads with ST.
100000. The National Bank of Com
merce is second with $7,369 900. and
the the First National is third with s7,175,-
600. The National City stands fourth
New-York tribune., 1919-12-14
what Do You Think of the Market, >.

A stockbroker: "Liquidation of sp..-
ulative accounts has been pretty w.s,
cleaned up. Some of the selling va
have seen this week has been invest
ment liquidation. 1t has not been yerv
extensive, however, and personally
don't think it will be unless holders ara
stampeded into selling by fears Of an
international financial catastronha
The market is away oversold."
New-York tribune., 1919-12-14
Stromberg Carburetor's Quarter

For the quarter ended September 80,
1919, the Stromberg Carburetor Corpo-
ration returned surplus after charges
and Federal taxes of $1O2,342, equiva-
lent to $2.04 share earned on the 5O,-
600 shares of capital stock. After div
idends of $4,000 had been distributed
the balance was $52,342.
New-York tribune., 1919-12-14
HOLIDAYS This Week

- Monday-1n Brazil Estate of Sac
\, Tuesday-1n Brazil Estate of Goyaz)
New Zealand Canterbury, South
African Union.
- friday-ln Brazil Estate of Parana)
Bulgarla, Greece, Rumania, Serh;a
(half holiday, Venezuela.
New-York tribune., 1919-12-14

lar In terms Of foreign money at cur
rent exchange value, that Is, II you
were buying dollars with pounds,
marks or francs, its value at the close
Of last wcck, as compared with . year
ago, follows:
New-York tribune., 1919-12-14
What to Buy

Under the caption "Good Purchases"
the Stock Exchange house of Wrenn
Brothers & Co. says: ''Investors are
naturally considering what stocks may
best be bought for the January rise, IN
case such movement occurs. 1t ls 10
be recalled that throughout the entire
war period, from 1915 to date, the
speculative stocks rather than thoss
possessing demonstrated investment
value have been the ones to rise the
most. indeed, the publication OF actual
monthly or quarterly earnings has been
and still is a drag upon a stock rather
than a help to it. Whether it is rea
sonable or not, the public buying OF
different issues is proportionate to
neither assets nor earning power. but
rather to rumor and to good prices.
The stock of a company whose prod
ucts are selling at fancy prices or
whose earnings are rumored to be ex-
ceedlngly large advances very easily
and rapidly regardless Of such dry de-
tails as net earnings after taxes or
assets per share. Even when occa-
sional statements of actual earnings
prove the rumors to be gross exaggera
tions it is instantly argued that great
increase in earnings has taken place
since the date of the statement. and
the stock after temporary setback
bounds up again. Furthermore, It was
always thus in war markets, and there
seems to be no reason for supposng
that the market will not continue to
act in this manner, at least for the
next month or So"
New-York tribune., 1919-12-14
The Technical Position

Most observers agree that the tech
nical position of the stock market is
strong. They base their conclusion
on two things-first, the steady SELL
ing that has been going on during the
last week by spectators for the de-
cline, and, second, the existence of
potential short interest in the shape
of vast amount of sold-out stock for
the purpose of establishing losses
which may be repurchased when finan-
cial conditions show improvement.
Many people have sold stocks to estao-
hsh losses and have not bought them
back because they have felt that with
the trend of prices apparently down
ward they would be able to get their
stocks back lower. Any improvement
In prices naturally tends to make such
people nervous over the possibility OF
losing their position.
New-York tribune., 1919-12-14
Business Items

The Ave story building at 294 Fifth
Avenue will be occupied by the salesrooms
and office OF tho Lehigh silk Hosiery
Mills ~ soon as alterations are completed.
New-York tribune., 1919-12-14
Dividends
Extras q

vulcan Detinning Company - An extra
oiHldend or per cent account OF &C
cumuiated dividends on the preferred
stock has been declared in addition TO the
regular quarterly dividend OF :. per GENT.
both payable January 20 TO stockholders
OF record January 10
Regular Declarations
Rate and Holders
Period Payable OF Rec.
Am Power & l. pf 133 q Ian 3 Dec II
commonwealth pf.. Ia. Q janis Dec ST
Gontoocoom Mil pf-s1.T5 q Jan , Dec Is
II fsso Electric pf So 90 SA Jan y Dec 23
falr OH & Gas. . Q Dec % Dec 20
irving Savings Bank sA A--N -.
Warren Bros LIST pf l1 @ Jan Dec "a
DO "a pf. IL Q Jan 2 Dec 20
" Westinghouse A Bills q Jan 81. Deo 81
New-York tribune., 1919-12-14

with s5,396,ooo, and the National PARK
Bank fifth with S4,771 900.
The Punta Gorda herald., 1919-05-23
Abolish the Blamed Thing

The Legislative term of 1919 is
half gone and we regret to say
that we see very little indication
that the legislature win do any
thing that will relieve the people
OF any OF the burdens they labor
under. There seems to be moth
ing doing in the way Of improving
our wretched tax system or rem
edying our unjust apportionment.
1t begins to look like the next pri-
mary will be held under the rules
that have already caused 50 much
trouble. We thought our 1917
legislature was bad enough, but
to date this one shows no improve
ment.-Ocala Star.
The Punta Gorda herald., 1919-05-23
MOONLIGHT PICNIC
HELD AT CLEVELAND
And Other News Notes From The
Herald's Awe Correspondent
at That Place.
LEFT over from last week(.

(Left over from last week..
| Cleveland, May 13.-Mrs. G. V
White is visiting friends and rel
atives in Gainesville this week.
Mrs. D. HI. ,Huckeby was In
Punta Gorda Saturday.
j. L. Bost and family motored
to Punta Gorda Sunday.
| r. S. Fussel was business Wis
Iitor to Punta Gorda Monday:
/ Tom Bostick was a guest OF the
Hotel National Sunday night.
Merchant Cleveland spent Sur
day in BrownvilIe with his wife
Miss Hazel Gillis of Punta Cor
da, is visiting Miss Laura Earnest.
! Shelby Cleveland and wife at
tended business in Arcadia Thurs
day.
John Mullholland was bust
mess visitor to Punta Gorda Mon
day.
Mr.. and Mrs. Geo. Grown en-
tertained Capt. and Mrs. A. Walls
Sunday p. m.
| Mesdames.@Will and Viola Ken
|nedy were shopping in Punta Cor
da Saturday.
Miss Laura Earnest is with us
again, since closing her school
term in Lansing.
Mesdames S. G. Cleveland and
lJ. L. Bost transacted business In
Arcadia Monday.
Mrs. w. sF Cleveland and little
son w. F. jr., are visiting friends
and relatives in Brownville.
1 The Wallace, fish and freight
|bcat from Punta Gorda, is in the
lCleveland Steam Marine Ways
for repairs.
| Mrs. G. G. Nipper is home again
after spending some time IN
Moore Haven looking after bust
ness matters.
Private Tom Hobson arrived
here Friday night from Hoboken,
IN. j., where he has been in train
ing for Uncle Sam.
Wilbur Davle of Greer, Fla,
Ispent few days here with his
mother, Mrs. Fannie White, while
on his way to Key West.
! Fred Lanier and family of Fl.
Myers and j. l.. Lanier of Madi-
son, Ga, are here with their par
entS because of their mothers it,
ness.
Mrs. Ida Huckeby, Misses Ida
Mae Huckeby, Loca Langford and
w. F. Cleveland attended the
High School entertainment in
Punta Gorda Friday night.
The people of this little city and
a number from Fort Ogden, en-
joyed moonlight picnic Satur-
day night ON the beach by the
Hotel National. The picnic was
given in honor of Mr.. and Mrs. G..
V. Hedrick who will be leaving
soon for Indiana. The youg peo-
lrle played games on the beach for
awhile; then being tired Of. out
door play retired to Geo. Browns
new office where space was not
scarce and turned the picnic into
a dance for few hours. Then
returned to the beach for supper.
All reported good time. Good
luck to the guests of honor!
The Punta Gorda herald., 1919-05-23

Are you a fisherman. and do
you i've IN Florida? If you can
say yes to both questions, the
call F" must have been in yonr
blood. The kingfsh are running
s,.rong, tarpon are coming earlier.
tnan ever before and the macker-
el are here by the millions. Oh
up the reel and take a day off,
Florida Grower.
The Punta Gorda herald., 1919-05-23

: Frank IT Powell and son, James,
O. O. the Hammock Ponds, were here
saturday, : They have returned
from trip to Rita where thew
will locate.
The Punta Gorda herald., 1919-05-23

A purchase price refunding bond will be
issued free of cost to each purchaser. The pos
session of this bond enables the buyer to invest
in land and enjoy the profits of speculation with
out risking his original investment.
The Punta Gorda herald., 1919-05-23
EASY TERMS TO BUYERS

lOSS on day of sale. Balance
in 10 equal payments. Certif-
icate of title free with each
purchase.
The Punta Gorda herald., 1919-05-23

well-built-up home center where the
man of moderate means may build
comfortable home amid congenial
neighbors and have all the conven-
fences of city life without the conges-
ton and heavy taxation.
The Punta Gorda herald., 1919-05-23

MURRAY HILL is practically
an extension of Riverside, Jackson
vile, and is reached from the heart
of the city by direct trolley route.
MURRAY HILL is thriving,
Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1919-06-26
MIGHT GET IT RIGHT SOON
Youthful Sunday School Teacher by
No Means Disconnected by First
Rather Wild Statement.

She is fifteen and teaches n Sunday
school class of ten little girls. That
they might "learn to keep and do
Them" she babe them commit the
twelve commandments. The day for
the utterance of the twelve" statutes
arrived.
The little girl on the end seat was
called on first. Chilly she repeated the
ten. There was a pause. She was
waiting for the approval of her
teacher.
"Give the other two" firmly COM
manded the teacher. MY mother
said there were only ten. and that
was more than anyone could keep. and
she knows" retorted the assured lit
tie end-seat girl.
Nonchalantly the teacher began
turning the pages of Revelation. She
was working to Deuteronomy.
Certainly there are but ten COM
mandments. How stupid. l vas think
ing Of Proverbs. You KIN Tw, my dears,
there r twelve of tho1e."
Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1919-06-26
thin PEOPLE
SHOULD TAKE
PHOSPHATE
Nothing Like Plain eitro-Phosphate
to Put on Firm, Healthy Flesh and
to Increase Strength, Vioor
and Nerve Force.

Judging from the countless preparations
ing advertised for the purpose OF making
and bust, and replacing ugly hollows and
angles by the soft curved lines of health
and beauty, there are evidently thousands
of mon and women who keenly feel their
excessive %thinness.
Tninness and weakness are often ue
to starved nerves. Our bodies need more
phosphate than Is contained in modern
foods. Physicians claim there is nothing
that will supply this deficiency 30 well az
the organic phosphate known among drug.
gists as bitro-phosphate. which is mex.
pensive and Is sold by most all druggists
under a guarantee of satisfaction or none
back. BY feeding the nerves directly and
by supplying the body cells with the nee.
essary phosphoric food elements. bitro.
phosphate should produce a welcome
transformation in the appearance: the In.
crease in weight frequently being aston.
fishing.
Increase in weight also carries with it
9 general Improvement in the health.
Nervousness. sieeplessness and lack OF
excessive %tl,inness. should disappear. duh
eyes become bright, and pale cheeks glow
with the bloom Of perfect health:
CAUTION: Although bitro-phOsphate
IL unsurpafsed for relieving n~ervousness,
sleeplessne,s and general weakness. It
should, not, owing. to its tendency to IN.
crease weight. be used by anyone who
does not dssire to put on flesh.
Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1919-06-26
A Real Difficulty.

Ben Turpin, the famous cross-eyed
comedian, tells that on one occasion
he approached two small Liverpool
boys and asked one Of them to carry
his bag to the station.
(Which one, mister?:" piped both
urchins in chorus.
"You." said Ben.
"But which one?"
"You," patiently explained the
funny man. There was a pause. Then
one of the small boys mustered up
courage and said:
"Please, mister, if you'll close n
us you are falling to."-Edinburgh
Scotsman.
Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1919-06-26
Pardonable Curiosity.

"Gabe Sogback got hold of a drink
or two of bone-dry ticker luther eve
ming and Went home and throwed him
self on the bed, face down. related a
citizen of Sandy Mush, Ark. "AS soon
as he was asleep his wife took and tied
him fast by the four corners, spread
out like n capital letter n and beat
and mauled him with q wagon spoke
till she mighty nigh smashed him flat.
A passed. of us fellers going by heerd
the hooraw, and, lowing Il varmint
was killing somebody, went in, and
sorter persuaded MiZzus Sogback to
turn Gabe loose. She said she had
whipped him b'cuz she loved him. l
reckon that was all right, hut Pm
sorter curious to know what she'd
add to him if she'd-p'tu!-hated
him."-Kansas City Star.
Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1919-06-26
Always Cry cake"
From the New York Post

From the New York Post.
1t is a well known fact that no prize
fighter has ever been fairly defeated.
Either the unfortunate champion has had
his food ''doped" or he has sat up too
late the night before reading Nietzsche,
or somebody has bought the referee. The
knockout is always a fluke. This is ex-
actly the case with Messrs. Ludendorff
and Hoffman,, late of the late German
army. It now appears hat they were not
defeated by Foch and Haig and Pershing.
but by revolutionary propaganda. Some
time ago Hoffman,. of Brest-Litovsk
fame, told the reporters that it was Le-
nine who shattered the German armies
The other day Ludendorff told a special
correspondent that the real cause of Ger
man defeat was Revolutionary activity
which had been going on among our
troops since 1916" But how about the
Americans and Chateau Thierry?
"Chateau-T hierry! What was Chateau
Thierry? Five fresh divisions of Ameri-
cans were brilliantly stopped by two
divisions of ours"
The implication is that II German mo-
rale had not been undermined by revo-
lutionary propaganda, five American
divisions would have been brilliantly
stopped by a German battalion. II the
F~riedensturm of last July haA gone
through, L%udendorff would have pointed
out how impervious was German loyalty
to the revolutionary poison.