davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-07-24
Treasury Savings
Certificates Now
Offered to Public
New Security, Designed to
Get Funds for Postwar
Financing, TO Be on
Sale Continuously Now

Treasury savings certificates. com.
promise between Liberty bonds and
war savings stamps, are now on sale
at the Federal Reserve Bank in de-
nominations Of $100 and $1,000 at ma
turlty, it was announced yestc rday
The certificates are designed to get
public participation in postwar gov
ernment financing without the for
mality of another intensified loan
drive.
Inc new government securities bear
per cent compound interest. and ma
ture on January |, 1924. A purchas
who desires to redeem certificates be-
fore the date Of priority may do so on
ten days notice, provided two months
has elapsed between the day Of pur-
chase and the date of application for
redemption. The S10O certificates NAV
now be bought for sS3.6o and the
81 900 certificates for 1896 They will
be issued only in registered form and
are to bear the name Of the owner
Regl stration records will be kept at
the Treasury Department, Washington
by means of registration stubs for
warded by issuing agents.
The price of the 500 certificates will
increase twenty cents each month
reaching $84.60 in December. 1919
Treasury savings certificates in demon
ination of $1,000 will increase in price
81 each month, costing ss46 in Deccm-
Der. 1919.
If the certificates are redeemed be-
fore maturity, only per cent interest
will be paid on them. They are not
transferable and arc payable only 20 the
owner. except in case of death or dis.
ability of the owner. The certitcates
are pure hasabe for cash only
New-York tribune., 1919-07-24
Financial Bureau.
Telephone Bcekmon 5000.
all Street
Stocks Buoyant

The market got back into It's full
stride Yesterday. Stocks became ex-
tremely buoyant and gains ran large in
the industrial list Pool specialties
took on their old time vigor and the
buying throughout the list was most
enthusiastic. United States Steel com
mon added 1Hs points to it's recovery
of the previous day getting up to 1l2A
in the afternoon, which compared with
a low of 1o7A made on the decline
earlier in the week. Crucible Steel
common came back strong with an ad
vance of IA points to l4l e. On the
previous rise it sold at l49 and on the
Monday break fell to around 125
Stromberg Carbureter came in for at
tention when it jumped 1875 points to
SO. closing right at the top. Other
strong industrials were Pan American
Petroleum and Transport. Kelly
Springfield Tire, California Petroleum,
Bethlehem Steel. American Woolen,
American Tobacco, United Fruit and
Wilson & Co. At the close the
average price of thirty industrial
shares stood at 1927. or just small
fraction under the close Of last Friday.
This means that the ground lost on the
Monday decline had been practically
all recovered.
New-York tribune., 1919-07-24
Mexican Oil Shipments
Decreased in June

,TAaMPICO, Mexico. July 2a.-Reports
OF the principal oil com panes operat-
ing in Mexico indicate that there was
considerable falling off in total ship
ments for the month of June compared
with the preceding month.
The total shipments of the Texas
Company for June were 54e,Oe5 bar.
rels decrease of 316,833 barrels. :.
Huasteca Petroleum Company. 1.O4S.
C2o. an increase of 326,40O; Freenort
G. Mexican Oil and Fuel Company.
3c4,222. decrease of Alb; island
On and Transport Company, 375.45s.
a decrease Of 101, ,256.
STANDARD Oil Company, 1,oSe,173
barrels, an increase Of 45S.S5e: Cortes
on Corporation, 65l ,57S, a decrease Of
l61,963; New England Fuel Oil Com
pany, 22,5s7; Mexican Aguila EAGLE
'oli Company, l0SS3S5, of which 52s.109
barrels were coastwse shipments. the
total decrease of shipments compared
with the previous month being 346.196
barrels; PenMex Fuel Company.
924,O14b. an increase Of 999,538; East
Coast Oil Company, 312,602, de-
crease Of 119.954; Mexican Gulf Oil
Company, 366,548 a decrease of l3l.9lo
barrels.
New-York tribune., 1919-07-24
Seek Rights to Build
Railroads i'm Mexico
Americans File Applications 70,
Concessions, hut Carranza
May Deny Them
.SpecaoI Co1resnond.,

MONTEREY, Mexico, July 22.-Ap-
pilcations filed by American and other
foreign investment interests for con
cessions for the construction Of cleo
trlc and steam railroads and various
other kind of industrial enterprise ;
are now pending with the Department
OF communications and Public Work :
or the Mexican government
1t is indicated by the attitude of the
Carranza administration toward ont
side capital that these applications
may all be rejected. The government
already has adopted the policy of not
granting any new concessions for The
construction Of additional lines Of
steam railroad. It has announced lis
intention of doing on it's own account
whatever railroad building NAV bo
deemed necessary, adding such lines ~
the National Railways of Mexico.
Recently application was filed with
the department of Communications and
Public Works for a concession to con-
struct an electric interurban railwav
through the oilfclds of the Gulf Coas,
region, connecting Tampico and Tux-
pam. The proposed line would be about
l2o miles long. No action has as ve-
been taken upon this application
american OIL interests are back of the
project. VIZ
New-York tribune., 1919-07-24
Bankers Freed of
Pledge to Defer
Loans to Europe
Lack of Enthusiasm for Da-
vison Plan May Result
in Adoption of One Spon-
sored by Senator Edge

The matter Of lending credit to Eu-
rope on large scale has reached a
new stage. The bankers who associated
themselves to discuss the so-called
Dawson plan for coordinating Amer
ica's lending resources have been
released from their informal agree
ment to hold off loans to individual
European countries until a general
programme was formulated, it was
learned yesterday.
H. P. Dawson, of, J. P Morgan &
Co.. on his return from Europe some
weeks ago, proposed the formation Of
a giant corporation of American bank
ing and industrial groups to make ad
vances to European countries and is
sue to the public their own debentures
against the loans. The suggested cor
poration was to have capital amount
ing to one-sixth of the value of the
debentures issued.
1t has been no secret in Wall Stree,
that the industrial groups were not
responding to the proposals as rapid
ly as expected, and that the bankers
were determined not to act until there
was an unmis istakable popular demand
throughout the country. The bankers
looked upon the plan as a device for
assisting all interests in this country.
as we'll as in Europe. and not as a
normal banking operation
IN some quarters It was hinted yes
terday that the Dawson plan would
be dropped and that the programme
Jersey. has been gaining in favor as
a q q In oo
two plans are identical, but the Edge
suggestions, which have been embodied
into a bill and introduced into the
Senate, provide for one or more pri-
vately owned corporations which
would be authorized to engage in a
general banking business, in addition
to its special function of lending to
European governments and private en-
terprises. The Edge bill also provides
for close government supervision and
Federal charter.
The Administration is said to be
in accord with the idea of creating
machinery to lend to Europe in a sys-
tematic way to finance purchases in
this country.
Mean time individual banks and in
vestment banking houses are at
liberty to make independent loans
to Europe. Almost every country In
Europe at this time is seeking funds
in the New York money market. The
Stock Exchange firm Of Paine, Webber
& Co. is acting for the Belgian
Finance Minister in quest of $780,
100000 loan through the issue of bonds
in this country.
German institutions have been max
ing inquiries here since the bars on
commercial intercourse were lifted,
and it was reported yesterday that a
loan of s30,O00,0O0 on commercial
paper is being considered Rumania,
Poland. Denmark and Norway arc
known to be looking for loans.
The syndicate headed by Lee, Hig
ginson & Co. announced last nigh
that their offering of s3o.OOO.0oO Of
bonds of the Swiss Republic had been
fully subscribed.
New-York tribune., 1919-07-24
Buy 100000 Shares of
Shell Transport Stock

Kuhn, Loeb & Co. announced veste~-
day that they had completed negotia
tions with the SheM Transport and
TradiAg Company LII, ot London.
covering the acquisition Of 80. 900
shares OF the common stock. The
bankers are organizing a syndicate
which will offer the shares on the
American market
The Shelf company j. the leading oil
ccncern of England The properties.
which are owned jointly with tho Royni
Dutch Petroleum Company are located
IN all parts of the world. In the wear.
l"li 20 1918 inclusive the Shol' com
panY PAID cnon wear cass dividends nf
30 per cent In 1912 80 per cen, WA.
paid. in 1911 20 per cont. and in 1910
and in 1909 92is per cent WA paid
In addition to dividends 1t has bee n
New-York tribune., 1919-07-24
Some Copper Figures

June production figures Of the lead
i..g American copper mining com
pan.es at hand show a decided stump
in outuu. in that month. Eighteen
of the largest producers turned out
q combined output Of ,7,2o2,0o
pounds, compared with 81 ,2O9,OO IN
the preceding month, falling of Of
approximately 100000 900 pounds. Ana
conda produced 100000 less pounds
of metal in Junc, the falling cH in
this case being due TO labor dis
turbances in the Butte mining camp
On the basis Of the latest available
figures the American copper mining
industry is operating on basis OF
about 50 per cent Of capacity. 1t is
believed ths. since April sales Of cop
per for foreign and domestic consump-
t:on have run well ahead of produt-
ZION. In the first SIX months OF the
YEAR the aggregate output Of the prin-
cipa mining properties was o33 5000, :
ooo. compared with 963 Coo, 900 pound ds
IN the corresponding period OF 1918
Copper prices are getting back TO
ievel NJ last where, with a contlnua-
tion Of the presen. active demand tor
the metal. increased operations at the
mines may be looked for. The sur
plus Of unsold metal is still large. II
il true. but II the foreign demand
expands anything like the trade ex-
poets the surplus viii be wiped out
by the middle Of 1920
New-York tribune., 1919-07-24
Hot Fight ahead
On Edges Foreign
Finance Measure
Ne,r York Tribune
WdshtnQton Burecu


WASHINGTON. July ga strong
fight by the progressives against the
proposal Of Senator Edge for Fedora
incorporation of one or more concerns
to facilitate the rehabilitation of Eu-
rope by assisting American export
trade was predicted by Senator Gron-
ma. Of North Dakota, before the SEN
ate Banking and Currency Committee
to-day.
Senator Owen, of Oklahoma, former
chairman of the committee strongly
would permit the acceptance Of liens
against foreign factories and other
property as security for Americs n
shipments of raw materials through
the proposed corporations.
u feel that there is something be-
low the crust of this proposal" SEN
ator Gronre said. 81 don't want 20
give special privileges to the Amer
can banking interests to go abroad and
devastated by war"
Senator Gronna reserved the riqh.
to h'e 3 minority report. He said he
would fight the plan because ii woud
l.oH American banks 20 form a great
financial nMd induatrlal monopoly in
foreign ccLntries
Senator Edge oetcnded his bill, as
scrtinG that it had been prepared by
counse: for TIE Federal Reserve Board.
He insisted that it is essential to take
some steps to facilitate the selling of
American goods in foreign markets
ard to stabilize foreign exchange.
Senator Owen told the committe
that American commerce is being
para.yZcd because of the lack Of means
g stabilize foreign exchange.
OBSTACLES have been imposed on
the purchase Of goods from America
by the authorities Of Great Britain.
France and Italy" he said, because
of the rate Of exchange. which i'm
poses burden on foreign purchasers
IL addition = the high prices"
New-York tribune., 1919-07-24
A German ACCEPTANCE Credit

German interests continue to put
out feelers in this market for credits.
A group Of several German banks has
made overtures, it is learned in the
acceptance market. and is seeking to
arrange an acceptance credit of S25.-
100000 to s3o.ooo,ooo as a starter.
Dealers in acceptances say they see no
reason why German credits of this
kind should not be successfully ar
ranged in fact, it is believed that a
great part of the credits that German
interests obtained in this market will
be in this form. The proceeds Of the
first acceptance credit that is likely
to be put through will be expended FOR
American cotton and other similar
essential commodities.
New-York tribune., 1919-07-24
Sales Advisable

The expected rally in a rather over
sold narAet came along promptly. but
there has been no relief in the matters
that have caused the recent liquda-
tion. " seems probable, therefore,
that on any further improvement the
market will encounter more stocks
on offer. making sales advisable. -
Chrk, Chtlds & Co.
New-York tribune., 1919-07-24
A Trading Market

The market promises TO be an excel
lent trading affair and VIZ look for
further recovery. but il will be we'll
70 Keep commit itnents within bounds
and tn reduce r2,her than increase
IL Co.
New-York tribune., 1919-07-24
Plenty of Margin

Stock exchange houses, which sent
swift and violent fall in prices on Mon
day, met surprising response from
their customers In only few in
stances, it is stated, were the addi
tional funds not Forthcoming. This is
merely cited as indicating that the
trading element is apparently well
backed when it comes to funds and
that something more than single
days decline is needed to shake them
out. This has been true of the market
since it started.
New-York tribune., 1919-07-24
Constructive Influences

Less concern was felt in Wall Street
over the labor situation in the steel in
dustry as result of the reassuring
statement made by Judge Gary. An
other constructive influence was the
fact that call money appeared to be in
fairly liberal supply, with the banks
oaning rather freely eel at at t. IT, 81 per
ton is, however. far from easy and
higher rates may be expected at any
time in view Of the large demands
that are continually coming into the
market. Crop-moving demands are yet
to be felt in an important way.
New-York tribune., 1919-07-24
Predicts Bigger Market

II everything goes according 10
schedule we may count upon new
public buying movement after the
crop moving period, which will proba-
bly, surpass anything we have ever ex-
perienced.-E. W. Wagner & Co.
New-York tribune., 1919-07-24
What Henry Ford Paid

Henry Ford ct al, in acquiring the
500 shares of minority stock Of the
Ford Motor Company, paid altogether
$3.50. 100000 This was at the rate OF
s21 800 a share for the stock. On this
basis the market valuation Of the en-
tire 10000 shares Of the Ford Motor
Company would be s426 100000. The
original investment in the company
was around $4,000 1t is estimated d
that the minority interests who sold
their holdings to Mr.. Ford and his
associates will have to pay an income
tax estimated at about $50. 100000
leaving them about S10O,o0Oo00 even
for their share Of less tnan one-thlrd
in the company. According to bos-
pany in June, after taxes, approx
mated $4,000 600. equal TO $3.50 share
for the thirty-day period, or an an.
nual rate of S5.4O0 share.
New-York tribune., 1919-07-24
The Dollar in Foreign Exchange

Sterling exchange revealed frmer
tone yesterday. Rates on Paris and
Rome also reflected an improvement.
Swiss francs also were firm
Quoted dollars to the pound.)
New-York tribune., 1919-07-24
Breadth of the Market

The trading list comprised 29S diff
ferent stocks, compared with 3o2 on
Tuesday. Dealings were somewhat
less. approximating 100000 shares.
New-York tribune., 1919-07-24
Market Opinion
Caution

We do not feel that the industrials
should be bought on the advances.-
Wrern Bros. e Co.
New-York tribune., 1919-07-24

Arthur II Lockstt Of Bonbr,sht r. Co.
has been elected director of the Famous
Piaycrs-Lasky Corporation.
StockhoidArs % TIE Autoca- Company
hay. sunroyet an nSrsss. no IN .u'ho-ized
StockHo'ctrs of rea5rd July - viii be
slv@n 90 privilege Of >rh-cr,ting to
~ GOO 7fn - The new stock. Witch s TO he
Issued shortly. TO tho ext"n, ot 80 per
ccn; - th",r present holdings
Morgan J. O'Pr!cn Ina been elected a
her OF the board OF director. Of the
New York Title and Mortgage Company
Hhnkcrs offering the $40. 900. 900 snva-n.
rent Of Switzerland "a per cont bonds
announce that the loan has been oveisub
sCrlb.d
g Seimer Fougner. formerly manager NJ
IN" Prerr Bureau OF the Liberty Loan
."r'ui'tee ~ the Second Federal Reserve
district. has been appointed director ~
puhllci'S Tor tho Federal Reserve Bank
here
New-York tribune., 1919-07-24
Financial Items

r Rrsun and ! FL Real hav~ been
elected directors OF the Pressed S;eel Car
Company.
New-York tribune., 1919-07-24

London Money Market.-LONDON
July 23.-Closing rate for money, 2B
per cent. Discount rates-Short bills,
8 us and 31s per cent; three months
bills. 9-16 and 3's per cent Gold
premiums at Lisbon, 1000.
New-York tribune., 1919-07-24
Paris Market Firm,

Paris Market Firm
AIRS. July 2s.-Prices were firm
or the Bourse to-day. Three per cent
rcntes, 81 francs 80 centimes for cash.
Exchange on London, 81 francs 4 cen
times. The dollar ranged from 7
francs 811 centimes to francs 1871
confines.
New-York tribune., 1919-07-24
nance and rade
Business Mems Bureau.
Telephone Beckn,an 8243.
Money and Credit

Offerings Of call money were fairly
liberal yesterday and rates remained
throughout the day at per cent for
mixed collateral loans and 6h per cent
for all industrial borrowings The de-
mand for money on call was compare
lively large. Predictions were made
that rates would work higher toward
the end of the week if the present rise
in stock market values continue.
The ruling rates for money yesterday,
compared with a year ago, were as
folllows:
Call money:
Yesterday. Year ago.
Per cent. Per cent.
On mixed collateral 6 g..
On indus. collateral 6I2 6Ea
New-York tribune., 1919-07-24

Ford. Lamt-rt 3 Co have und-rwri,t.n
new .ssua % p'tai stock ~ tho STANLEY
Tire and Ruhber Corro~qi.on
New-York tribune., 1919-07-24
Significant Relations
Money and Prices:

Money and Prices:
STOCK " money s0'o IN the country s3oeso774e7 s3o7s425ts
rars Rsss~v notos .$SSoo428 $14oe278o0o
Total gold reserve 0" 1829O45OOO
1,975<48OOO
Loan. on all non. bank. ssss1H H -
surplus 76,981OoO qoo mn
''idsy os4ssy Fr's9' ss
Averag o five bonds ooe n18
of Annals index
az zSs The sx o ssor"
Genera lew (Duns N~S'N|'
index nu"'ef' 2s57o7 as7s7a A5ss7s' 5ss5775s
Productions; O
Untitled steel ordsr' 4ssssss ss{7o ssisso
daily tons70 70495 11o60o
Tho
Corr,
Cotto
'oso0ooo 120400oo
Distributions, resss fTon year heoro7
hof
Gross railroad NAY q
General.
cotton .pndl.. sas4s4os aassso1, 3,s76;ySass
Commercial failures
Nn"S ,.%;.. as 15ss' So
Ruidrn n.,. s9A822 S956651
'o' ''es *71'2o884 $7.O9270
New-York tribune., 1919-07-24

Bank Acceptances.-Rates for eligi-
Bile member and eligible non-member
ninety day bills we're advanced IL of
per cent yesterday. The advance in
the rate was made, it was stated. as n
result Of the lack Of demand during
the last few weeks for acceptances:
Thirty Sixty Nineu,
Spot de- days. days. days.
livery: Per cent Per cent. Per cont.
Eligible
member
banks... 4h@4 4H@4A 43s@4A
Eligible
nonmem-
ber banks.4A@4 ~4h@4A 4h@4eh
Ineligible
bank bills.5N@41z BA@4La 5A@434
For delivery within thirty days:
Per cent
Eligible member banks. All
Eligible non-member banks. 4H2
Ineligible bank bills.
New-York tribune., 1919-07-24

Leach CO "-s o~srinx 3 oNN. .NNe
'enso Company fr, ne, -.r,
cumulative preferred stock a, sah a .n.,s
and accrued dividend
New-York tribune., 1919-07-24

Bank Clearings.-Bank clearings yes
terdav wore.
New-York tribune., 1919-07-24

Quoted units to the dollar.)
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1919-06-18

& ORDER pour motorcycle now-rM
dian. Hariey-Deyidson, Nxcela1ol
hand Bicvcle Repaifk Chas. Burhau
504 Main Utreee 1at II
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1919-06-18
PEP 7 0 N A
WILL HELP YOU


Often times petsbns who are re-
covering from sickness havedifh-
Guilty in recovering their strength.
Peptona, our best tonic, will be
found very helpful. 1t contains
tonic and strength building prin-
ciples to aid in enriching the
blood, in assimilation of food and
building general strength.
1t is pleasant to take, and the
ingredients are so combined that
they are easily assimilated even
by very weak stomachs.
For Sale Only By
H. L. PERRY & SON
The REXALL Store
Richmond Kentucky
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1919-06-18
BUFFALO

Mrs. J. L. Kanatzar has returned
from Dry Ridge Springs, where she
spent several days.
Mrs. Laura Taylor has returned
home after weeks stay with Mrs.
Jake White.
Mr.. and Mrs. Jesse E. Hale spent
Saturday night and Sunday with his
parents, Mr.. and Mrs. Jess Hale.
Mr.. Joe Cox and Mr.. Ray Benge
spent Sunday in Berea.
Misses Alma Cox and Dorothy
Mize spent Sunday afternoon with
Misses Fife and Maude Hale.
Mr.. and Mrs. Luther Benton and
little son, and Mrs. Lucy Pearson
spent Sunday with his parents, Mr..
and Mrs. Charlie Benton.
All of the gardens are looking fine,
many familys are having beans, peas,
and beets. From the looks of the
grape vines and the grapes that is
on now, all will have plenty of grapes
this year.
Our schools will begin the first
Monday in July, seventh of July and
many friends will be glad to know
that Mrs. Mary Hayden will teach fol
US.
Mrs. Della Million spent Monday
night in Richmond with her mother
.n-law, Mrs. Hannah Million.
Mrs. Halle Odonnell and little
daughter have been visiting Mrs
-daggie Million q few days.
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1919-06-18

Mr.. Joe Oldham has begun the
erection of a beautiful house on his
lot on West Main street.
Mrs. B. ]. Clay has issued invita-
tions for Friday afternoon to meet
Mrs. William Marstella,< of Cleveland.
ARev. M. T. Chandler and Miss Belle
Bennett are in Columbus, Ohio, this
week, to attend the Centenary meet
ing.
Miss Mamie Phelps has returned to
Lexington, after visit to her cousins,
Mesdames. j. J. Neale and Vernon
Leer.
Mr.. and Mrs. Charlie White, of
New York, are guests of the latters
parents, Mr.. and Mrs Sidney holland
in the country.
Mrs. T. s. Todd, Mrs. Houston
Stone and Harry Stone leave Wednes-
day to attend the Centenary meeting
at Columbus Ohio.
Miss Annie Nelson professional
nurse of Cincinnati, has arrived to
take charge of Mr.. Leon Elder, who is
quite i'll with typhoid fever.
Master John Hurley and sister,
Miss Leslie Harris Hurley left We'd
nesday to spend the vacation months
with their mother in Lebanon.
Mr.. and Mrs. Stuart Carson, DR.. ].
G. Carpenter, and Miss Annette Car
son motored~over from Stanford and
were guests Of friends here Sunday.
+ Miss Lois Powell, who is at home
from Caldwell College, Daaville for
the summer vacation, has returned
from a weeks trip on Dix River.
Miss Lucille Minter will leave today
for a camping party at Park Lake
She will be Joined by Miss Austin
Lilly and several other friends from
Lexington.
Mrs. Homer Carpenter and DR.. J
G. Carpenter are in Louisville this
week to attend commencement exer.
cises at the college of music where
Miss Josephine Carpenter is a grad
uate.
I Invitations have been issued BY
the c. w. B. M. and Young Ladie!
I Circle, to tea in honor of Mrs
Pates and daughter, Miss Jeanette
at Mrs. Carpenters home on Lancas
ter avenue Thursday.
Mr.. Lowen Adams, son Of Mr.. an,
. Mrs. Joe Adams on Irvine street ha
returned from overseas service, MI
Adams was on the firing line .whel
the armistic was signed. His friend
are glad to see him back.
Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1919-06-18

W.xNTun 10 rsn{ cottase 81. apert.
rent fAPnt ~ ~ -