davidaulloa/AmericanStories huggingface dataset:
Bisbee daily review., 1919-05-24
SEAPLANE FLIGHT TO
 BE RESUMED SUNDAY

PONTA DELGADA, May 29.-(By the Associated Press. .)-Lieut Com. A c. Read, U.., s. N.. announced to- night that strong easterly winds off the coast of Portugal would preven. his starting in -the-seaplane NC-4 for the flight to Lisbon before daybreak Sunday. ~-.--. .-....--- .t,.--
Bisbee daily review., 1919-05-24

WASHINGTON, May 2S.-Confirms- tion of the report from Paris that the Chinese plenipotentiaries are disposed to sign the peace treaty has reached Washington. Probably the approval of the Chinese government at Peking and perhaps that of the Chinese parlia- ment at Canton will be regarded as
Bisbee daily review., 1919-05-24
GERMANYS PLEA FOR LIGHTER NvDEMNT|ES REJECTED
TheDdy in Congress
SENATE

SENATE
 Johnson of California introduces resolution demanding full text of peace treaty with Germany be sub mitted to senate.
 Sherman eriticizes President Wilson's conduct of affairs aa Paris.
 Republican committee on com mittees completes slate of senate committee chairmanships, PenrosS being selected to head finance committee, over opposition of Pro- gressiVe wing of party.
 Senate adjourns until Monday.
 HOUSE
 Debate on $15,o0o, 900 Indian aP, propriations bill is completed, bill to be passed today under five min ute debate rule.
 Day spent in debate over appro- priations delay, Republicans charg- ing house with dilatory tactics at last session, Democrats accusing FIlibuster by "three Republican sen ators."
Bisbee daily review., 1919-05-24

NEW YORK. May 23.-Nearly 1900 linen and women employed by the Mer- genthaler Linotype company of Brook, lyn, went on strike today in an at tempt to enforce demands for A. hour week and "the prevailing wages of the community"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Bank Clearings.-Bank clearings yes
terday were:
The Dollar in Foreign Exchange

Exchange on London and Paris made
new low records last week. That was
the outstanding development in the
foreign exchange market. Demand
sterling fell more than 2 cents in the
pound under the 1915 low record of
$3.50, and francs dropped to around
$50.
1t was quite evident from the move
ment in the exchanges that the British
and French financial authorities were
letting rates seek their own level. The
attitude in London since the stabiliza-
ton scheme was abandoned several
months ago has been to let sterling
take care Of itself. Apparently it is
believed there as we'll as in France
that the lower rates go the greater
effect it will have upon checking I'M
necessary imports in those countries.
An interesting discussion of the eff
feet of the high premium on the dollar
is presented by the Corn Exchange
National Bank of Philadelphia. eve
can't figure out" it states, chow an
exchange rate operating in favor of
this country will not ultimately react
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13

Prices in the cotton market assembled
to high level for the season yes
terday on reports that the Shipping
Board was ready to supply tonnage for
All deliveries benefited from the rise,
and October contracts sold at 1856. or
approximately SO bale above the clos
ing price of Friday and $3.50 above the
low level of last week. Indications of
better weather and moro favorable crop
news induced many recent buyers to take
profit and reactions later in the morning
reduced the gains at the close to between
Is and 80 points.
Cotton men were particularly interested
In report that shipping route from
Philadelphia to Hamburg will be started
under the supervision Of the Shipping
Board as soon as cargoes are available,
and that later there Will be direct ship
ments from Southern ports to Hamburg
and other German seaports
The staple of the South is regarded as
perhaps the most urgent raw material
need of Germany 1t Is known that
neutral European countries for shipment
into Germany as soon as the bar
riers to trade are removed.
The opening of the market was firm at
points, and active months sold 40 to so
points net higher before the end Of the
first hour, with all the active deliveries
working above the 35-cent level Until
the highest attainable this season Re
ports from the domestic goods trade
showed coptinued activity, but 1t Is an
tlcipated that the report from the Census
Bureau. due tomorrow, will indicate a
domestic mill consum ption of more than
100000 bales, compared with $4,000 for
June. last year
The local spot market was steady and
Is points higher at SO cents for middling
no sales were reported.
The range of prices follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Ouekar Oats Stockholders
Vote to Increase CapitaI

At special meeting of the directors
of the Quaker Oats Company, held in
Jersey City yesterday, stockholders
voted to increase the authorized pre-
ferred stock from S15,000,OOO to $25,-
100000. The authorized common stock
was also increased from $l5,OOO,OOO to
$25 100000.
The company purposes to offer to
preferred stockholders of record july
l6 new preferred stock on the basis
of one new share for each one and one
half shares outstanding, the payment
on the 10000 new shares at par to be
made on or before August 8. The
present preferred stock outstanding is
Sl0,S00,000 Common stockholders of
record on July . will be offered the
new common stock on the basis of one
share for every eleven shares outstand-
ing, the payment on the $500 new
shares at par to be made on or before
July 81.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Stockholders Approve
Wright-Martin Merger
Absorption of Assets by Inter.
national Motor Truck
Is Voted

A plan providing for the absorption
of part of the assets of the Wright
Martin Aircraft Corporation by the
international Motor Truck Corporation
and the retention of their present hold
the former has been approved by the
stockholders of both companies De-
tails of the plan will be carried out
by a committee consisting of Charles
Hayden, chairman; Frederick B..
Adams, A. j. Brosseau, James 3. Clews,
George IL. Houston, Ambrose Mcneil,
Henry X. Pomroy and Andrew Varick
Stout
Preferred shareholders of the
Wright Martin company, under tho
terms Of the merger, will receive $12O
of International Motor first preferred
and accumulated dividends for each of
their present shares. Wright Martin
common stock holders will receive for
each 100 shares 2.8 shares of second
preferred and 2 shares of common
stock of international Motor along
with Is shares of no par value stock
of the new Wright Martin company
which will conduct the aircraft bust
ness.
international Motor will increase it's
capital for this purpose, but there will
be no change in the common capital
izaton. Both the first and second
preferred shareholders will retain their
present holdings and receive in addi-
ton the amount of .Neir accumulated
dividends in the same class of stock
as now held at par.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Mexican External
Debt $l43,472,000,
Government States
But Official Figures Fail to
Include a $3O,OOO,O 900
Huerta Loan, Repudiated
by President Carranza

WASHINGTON, July 12.-Mexican
newspapers reaching Washington con-
tain long articles declaring that recent
figures as to the Mexican public debt.
published in the United States, are
WHOLLY inaccurate" In this connec-
ton financial experts here said COM
parison of the unofficial figures puo-
llshed in this country with the figures
given out by the Mexican Treasury
Department show no great discrepancy.
The official Mexican figures as to
the external loan debt of the country
are $143,472,000, with interest to the
end of this month, placed at S43,000,-
published placed this total at $173,-
perts here said, is made up mostly by
the $30,000,000 of the Huerta loan
floated in France under authorization
of. the Mexican Congress but repudi-
ated by the Carranza government
The internal loan debt of Mexico
according to the official statement, is
$69,397 900 and interest to June 80, of
$17,914,000. The unofficial report gave
this debt as $66,611, 900 and interest ct
$14,530,0O0.
Washington financial experts say the
account for all the guaranteed railroad
Indebtedness, which the unofficial re-
port figures at $290,5OO0OO; the obi
cations other than railroads which the
Mexican government has guaranteed,
the chief of which is the farm loan
banks debts, which, with interest to
June 80, total $31, 100000; the "infals-
ticable" issue of paper money, of which
S80,O0O,000 at 10scents, United States
currency, is still outstanding, making a
total of $8,000,O00 more. or the $780,
100000 which Carranza took as "loan'
from the banks of issue in Mexico
City.
The fact that Mexico has paid no
interest on her foreign debt since 1913
also is kept in the foreground by
Washington experts, who are keeping
close watch on the financial condi-
tions of Mexico for the State Depart
ment. Experts here also assert that the
Mexican government has used the entire
income of the railroads and express
companies without accounting and with
no admission of responsibility.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Stock Exchange to
Buy Wilkes Building2

The Stock Exchange has about COM
pleted arrangements to either pur-
chase or lease the Wilkes Building on
the northwest corner of Wall and
Broad Streets, according to reports in
realty circles yesterday. Acquisition
of this property would give the ex-
change the ownership or control Of
the entire block on the west side Of
Wall Street. between New and Broad
The building on the northwes.
corner of New and Wall Streets
was purchased several months ago
and is now being demolished to
make place for a structure which
will be used to house the new
stock clearing corporation of the
exchange. The Wilkes Building could
be connected with the main building
of the exchange by breaking through
the walls between.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Mexico Short of Sugar

WASHINGTON, July 12.-Mexico is
threatened with a sugar shortage, said
official dispatches received here to day
reporting that many of the sugar fac
tories in the state Of Morelos have
been dismantled and the machinery
shipped to Mexico City to be sold as
junk. Opening up of a number of new
junk shops in the capital resulted IN
an investigation into the source of sup
ply, which was found in Morelos
The sugar industry, the disI atches
said, had been enjoying great prosper
ity in Morelos under Zapatista control,
but the Zapatista forces recently were
driven into the hills by Carranzistas.
The victors thereupon, the reports
said, wrecked the sugar factories and
disposed of many carloads of the ma
chinery as junk.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13

against US. A manufacturer in a for
eign country in which exchange on the
United States is selling at a premium
can sell his product to our merchants
at price plus the premium on the
exchange. AS matter of fact, he
would seem to have under these con-
ditons two-fold advantage, for he
would not only have the benefit of
the exchange premium, but he would
also be protected against competition
from the United States to the extent
of the discount on the exchange which
prevails in the United States.
Wherefore, with low tariff and a
foreign exchange rate operating against
our exports and in favor Of our i'm
ports, our markets would seem to be
wide open. The offsetting condition
apparent at the present time is the
shortage of capital in those countries
To some extent they will be forced to
on condition that the proceeds are
spent where the loan is financed, but
there will be q vast amount of business
transacted Independent of loans, and
the other fellow will very likely shoot
straight for the United States market
after they get down to work over
there.
"How this country can avoid a large
increase in it's imports is beyond US,
and it is a question whether free in
terchange of goods is not really more
desirable. 1t would tend to stabilize
exchange rates and lift the embargo
of high exchange premium. Arti-
fetal means of restoring an equili-
brium in foreign exchange will ulti-
mately be no more effective than
artificial methods of maintaining
prices"
An early resumption of dealings in
German exchange Is expected now that
the blockade is lifted.
If you calculate the cost of the dol
lar in terms of foreign money at cur
rent exchange value-that is, if you
were buying dollars with pounds,
marks or francs-its value at the close
of last week, as compared with a year
ego, would be about as follows:
Closing rates yesterday compare as
follows:
Cost of one dollar
Yesterday. Year ago.
J.,,-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Market Opinion
Higher Prices Yet

We expect to see materially higher
prices for industrial stocks in the next
few weeks or months. Clearly, we are
in big bull swing. Possibly we are
only one-half or two-thirds through it,
Probably we are we'll through it for
some of the classes of stocks that have
risen most-such as the oil, food motor,
rubber and tire stocks. In future the
steel, building material, realty, electric
and store stocks are likely to do best
--Good60du e Co.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Mining Earned
Sl.2l a share in 1918

AS result of operations in tac
year ended December 81. 1918, the
Homes axe Mining Company earned
surplus after charges and taxes Of
S504,417, equivalent to S1.2l share,
earned on the S25,ll6,000 capital
STOCK compared with $1,I9o.3s5.
s4;1o share in the preceding ys
Total receipts last year amoi -.
to $6,l2l,347 against S6.s76.a7l the
year before and So,9l3 S2S in 1915.
operating expenses, taxes, etc. AZ
gregated $4.399, 1877. After deprecia-
ton of S594,S SAG and depletion tota.lin.
80 1854. balance applicable for divi-
bends was $305,lls. Holders Of the
STOCK shared $l,506,960, causing q
sl'Zol,o43 deficit 10 be made Tor the
year
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
To Peg Sterling Again?

The. fall in sterling exchange has
brought revival in London of discus
slons relative to possible restoration
of artificial sterilization. Recent ca
bles from the other side have stated
that banking opinion was in favor of
letting the sterling rate seek it's own
level. But yesterday "The Evening
Post" carried cable from London to
the effect that financial circles en-
phasize that it is important, both IN
political and business grounds, that
our Indebtedness to your government
should soon be regularized through a
funding operation of some sort"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Money Outlook Unfavorable

Cannot enthuse over the outlook of
the general stock market at this time
This, because OF the fact that the
money situation will from time to time
interfere with bull campaigning. Over
extension of bank loans is reported in
many lines of business throughout the
country. There is very little time
money offered for fixed periods
E. w. Wa1ner & Co.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Money and Credit

The banks improved their cash posi-
ton last week. The Clearing House
statement yesterday showed an in
crease of $26,854,57O in surplus re-
serves, bringing that item to $33,088,-
270. Loans and discounts Of the banks
increased s2b,392, 900 to So, 036, 1925 600
United States government deposits
with the banks decreased from $685.
09e, 900 to 1927 ,752 600.
Tbs Aderal Reserve Bank Of Nsw
York lost approximately $4,000. 900 In
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
The Weeks Movement


At the close of the week some of the
industrial stocks showed striking gains
over the preceding week. There was
international Mercantile Marine COM
mon. up 1875; Mexican Petroleum, up
10; Pan-American Petroleum and
Transport, up 10; S. S. Kresge, up 141a
Central Foundry preferred, up 141s
International Agriculture, up 1873;
Stutz Motor up 1875; White Motors,
up 1919; United Cigar Stores, up 1925 );
Virginia. Carolina Chemical, up GA;
tors, up 141a. Steel common showed a
weeks range from low of 111ss to a
high of 1855 and a closing of 1885,
up . from the previous weeks closing.
In the railroad group Canadian Pacific
and Denver & Rio Grande preferred
were conspicuous, with net gains of II
and 11A points respectively.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Dealings in Austrian Crowns

Austrian crown exchange was bought
and sold in this market yesterday for
went to war with that country. Sales
we're reported at 3h Genus per crown.
The normal value of the crown is 2O,26
cents. Before dealings were stopped
the value of the Austrian crown had
deprecated to around 8 cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Cotton in Strong Position

The mill interests are ready buyers
Of cotton on any signs Of weakness and
with the facts, as they exist, definitely
before the speculative public, it is hard
to believe that any protracted decline
will occur while the situation remains
30 fundamentally strong.-Lehmum Bros.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
L. S. Food Products

There has been no change in the
affairs of the United States Food
Products Company, and those direct
ing the plans for the future of this or
ganization arc conservatiSely bullish
on the outlook. From present indica-
tions the success Of the new lines of
manufacture which have been entered
into practically assure the continuation
of the per cent per annum dividend
on the shares.-J. Robinson Duff C Co.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Livestock, Meats, Provision.

Live steers. fair to "e'
prime. 100 10. .Sl4.OO@iG5O SIt5o0l.-o
Dressed beef SIDES.
lib, ID. rc., 1870 .eel4 .i7@ .eels
mon to prime,
100 lbs ...... lS.OOm2f5o I6 mo q on 4
Live lambs. fair
to prime 100 Id IS15OI95o fsons7 ~ 10
Dressed hogs. Da-
\, con. ID .sIA@ .siA. .2s1s "a e6s,
LARD, MID Ne
=, 100 lbs ....... 5s.oO@5s.5o 26.oo@ e6io
Mess pork 49,. 35.5U(u3560 a:5oSs ~ 90
Dressed veal. city
ID. ,..::. .so@ SO .so1sa %
Live ewes 100 lbs 1000 IA n,,4, n 90
Dressed mutton. ID. l2@ 20 .l8So ~
Dressed Lambs city.
,, Id ........:.... $50 so ESQ ss
Hogs, 100 lb 22 0OSf - * ;s 0nats50
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Previou.
Butter, Cheese and Eggs

Butter-Receipts. l1.129 packages Cream
extras. 81 score. ST. SC, hrsts - TO-
81 score, 90 q SIC: seconds. SO to 81 score,
IS g ~ nc; lower grades, 46W47c unsalted.
higher than extras. SO II Gl57c. extras
% Y @56c; irsts. IS g55c. seconds. SO
81 l2c; State dairy tubs, finest 52052 nc;
good to prime, 40 a sic: common 30 fair.
400 4S nc; renovated. irsts. 49Q50c lower
grades 45D47c; ladies' current makes.
hrsts ~ q AZ nc: packing stock. current
make, No |, 40 e q 46c; No ,, s5c, lower
grades, 41@44c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Previous
Open High. Low. Close Close.
July 1910 $3.50 1910 1925 q - 1910
Sept 35.23@352S 354O
Dec 500 9b.48 5000 3512 @35.I7 "a
Jan. 3495 $3.50 1896 "a 1890 34.O6 1910
Mar. 80. 30 1917 1880 34.87 D34.05 "a 81
May 1880 1910 1880 347763l8O 3d51
SOUTHERN SPOT MARKETS

Augusta steady, 11S points higher at
34.2b sales, 1924 bales. St Louis quiet
SO points higher at 1850; sales nil
Houston, steady, rs points higher at 35c );
sales, 5,004 bales. Galveston. firm, un-
changed at 35c: sales. 2,324 bales New
Orleans: steady, rs points higher at 3425:
sales 5,?94 bales Mobile. steady, 81
points higher at 1915; sales, Sc bales.
savannah, steady, 25 points higher at SAC
sales, 4,439 bales. Norfolk, steady, 100
points higher at 24c sales. nil Balti-
sales, nil
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13

gold to interior banks in the system.
Rediscounts against governmnt war
obligations increasd from $674,448,S5O
to $742, 1901, 042.
Discount Rates.-The following table
gives the current rates Of the twelve
Federal Reserve banks on commercial
paper for all periods up to ninety days:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Ford Credit Quickly Taken

The $76,00O,00O commercial credit
advanced to the Ford interests for the
acquisition of large part of the mi
nority interest in the Ford Motor Com
pany was quickly snapped up. The
underwriting syndicate announced en-
oversubscription early in the day This
paper, bearing 5A per cent, proved es-
peclally attractive to banking institu-
tiOnS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Sugar Cane Acreage Smaller
Department of Agriculture Re.
ports Area of $4,000 Acres

WASHINGTON, July PA decrease
in sugar cane acreage in the United
States this year to 500, 900 acres from
last years total Of sgt 900 acres IS
shown in reports Of field agents of the
Bureau of Crop Estimates, it was an
nounced to-day by the Department of
Agriculture. This acreage includes all
varieties of cane grown by planting
stalks of joints, it was said, but does
not include sorghum or other seeded
cane.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13

Shipbuilding orders likely to occupy
the whole of 1920 have been given to
two new Canadian yards not yet in
existence. Four $500 deadweight ton
steel ships are under construction at
Vancouver.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13

r., Monday-Tn Algeria, Brazil, Costa
R'ca, France, French Guiana. French
lndo- China, French West Indies, Hon.
duras, Madagascar, Monaco, Morocco,
Siam Bangkok), Uruguay.
Frtday--ln Uruguay.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
New Bank Legislation Proposed

A movement is on foot to have the
New York State Legislature amend
the present law placing restrictions
upon foreign banks operating in this
city. AS the law now stands, foreign
banks with agencies here have to pay a
tax of per cent on money earned and
at the same time are not allowed 70
take deposits. Foreign bankers contend
that this discrimination is not in keep
ing with the broad ambitions of Ameri-
can bankers to make New York a leader
in world finance.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Denver & Rio Grande

The buying of Denver & Rio Grande
preferred was particularly urgent,
forcing the stock up Az to 22%. The
common gained Az points at 141a. In
connection with the rise in these issues
it was reported that the Gould family,
which some time ago relinquished q
large part Of its holdings in the Den
yer, was buying back into the property.
The story that the suit against the
Denver, which the Western Pacific
won couple of years ago, getting q
judgment against the Denver for $780,
100000, was to be compromised is de-
MED in official quarters.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Stuff Chairs With SisaI

As substitute for horsehair in up
,holstery the waste from tleaning Ba-
hama sisal fibre is being used.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13

Cheese - Receipts, 5,29s boxes state,
whole milk. fresh flats, colored DO. SIG
S2%c; white. $2W32%c: average run col
lower grades. 566s1c; .'' Twins sgS .. IS.
whites. S2g 32%c; colored. 80 q 32s.c.
average run, white, 31QSlssc. coiored
81 q 81 &c; lower grades. 26Q30Iac MS
c2nsin. whole milk. twins. fresh. slD
3s1sc; Single Daisies coiored. 81 g QS5i1c,
Double Daisies. colored, fresh. 32l a J. nc ;
Young Americas, fresh. S4Q34iac state
Skins, specials. 24@26c: prime TO choice
1 zo4 2Sc' fair to good. 15@19c; lower
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13

Eggs--Reccipts were %. SOS cases. Fresh
gathered. extras, doz, 81 q 53c: extra. iirs,s,
onds and poorer. 3$ q 42c; diriies. ~ l.
80 u 36c' No, and poorer. % a sc: chctss
good TO choice, dry, 81 U5Sc. under grades
Western. henery whites, fine 10 fame 81
y ooc, far to prime. 47g soc. ga4nsred
whites, common TO prime, - q 57c. Pacific
Sodst whites. "a q o6 nc other Western and
southern, gathered whites, 40 q ooc. state
pennsylvania and nearby henntry browns
fancy, "a @o5c; gathereu brown ana mixed
prime. AZ W49c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-13
Money

We confront times when the stock
market operator may not with impunity
respond to warnings, ooh, the money
market does not count" -Ciark, Childs
e Co