davidaulloa/AmericanStories huggingface dataset:
The daily morning oasis., 1919-08-15

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IS PERSONAL ITEMS y y
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El9UGlIG1SlTSl5GISl uClISeiSIE1a9lEIalIE51l1 E19lEIlI5

Mr.. E. E. Bethel, the Patagonia
merchant, was at Nogales yesterday.
Yesterday Mr.. Ben Powell was in
from Patagonia.
Mr.. J. w. Leslie, master car build
er for the Southern Pacific of Mexico
was here from Empalme, yesterday.
This evening the Army & Navy
Union will hold regular meeting in
Masonic Hall.
A refreshing thunder shower visi-
ted Nogales and vicinity yesterday
evening.
Mr.. w. ]. Mitchell of Mowry. has
gone to California after his family,
is expected to return tomorrow
Yesterday evening the Nogales
Chamber of Commerce was in session
at the Santa Cruz Club.
Yesterday the pay car of tn South
em Pacific of Mexico was here from
Empalme, and railroad men were all
paid off.
Mr.. S. Lowe, from Chicago, is o
guest at the Montezuma Hotel. At
one time Mrt. Lowe was associated
with Mr.. Alfred Thurten of the big
New-York tribune., 1919-01-08
Inquiry for Steel
Abroad Reported Big
Consolidated Steel Corporation
Opens to Handle Export
Trade of Independents

When the new $10,OOO,00O combina-
tlon of Independent steel manufacture
ers which was recently organized to
promote the export trade yesterday
opened for business at its offices, at
lo5 Broadway, an official of the com
pany said that it had already received
many inquiries for steel from foreign
markets. The name of the new associa-
ton, which was to have been called the
North American Steel Products Cor
poration, has been changed to the Con-
solidated Steel Corporation.
In public statement the company
said: "We are prepared to receive and
give prompt attention to inquiries
which should include exact specitica-
tions giving quantities desired, full par
ticulars as to size, weight, grade, pack
ing, etc, and the purpose for which the
materials are required"
In addition to E. A. S. Clarke, presi-
dent, other officers were announced yes
terday as follows: Vice president, H.
ri. Barbour, formerly vice e-presi dent of
the Lackawanna Steel Company; secre-
tary and controller, L. W. Hesselman,
formerly controller of the Lackawanna
formerly controller of the Lackawanna
Steel Company; traffic manager, Will
lam Heyman, formerly foreign freight
agent of the Delaware, 4ackawanna g.
Western Railroad.
The new company, it was announced,
will act as the sole representative for
export of the products of the Bethle,
hem Steel Company, the Brier Hill
Steel Company, the Lackawanna Steel
Company, the Lukens Steel Company,
the Midvale Steel and Ordnance Com
pany, the Republic Iron and Steel Com
pany, the Sharon Steel Hoop Company,
the Trumbull Steel Company, the Whit
akerGlessner Company and the Youngs-
town Sheet and Tube Company.
The board of directors will consist of
the presidents of each of the companies
represented. These include f. G. Grace,
president of the Bethlehem Steel Com
pany; William A. Thomas, president of
the Brier Hill Steel Company; A. F.
Huston, president of the Lukens Steel
Company; A. G. Dinkey, president of
the Midvale Steel and Ordnance Com
pany; John A. Topping, president of
the Republic Iron and Steel Company;
s. P. Ker, president of the Sharon Steel
Hoop Company; Jonathan Warner,
president of the Trumbull Steel Com
pany; Andrew Glass, president of the
Whitaker Glessner Company, and James
A. Campbell, president of the Youngs
town Sheet and Tube Company.
New-York tribune., 1919-01-08
Crop Prospect Is
Full of Cheer for
American Farmers
Scrutiny of World Condi-
tions Indicates Steady De-
mand for All Staples;
Ally Programme Urged

WASHINGTON, Jan. Crop condi-
tions and prospects in the principal
countries of the world justify the
statement that for the staple food and
fibre products grown in the United
States, such as meat, wheat, sugar,
cotton and wool, a strong demand will
prevail, and prices probably will con-
tinue steady and at high level.
This opinin is expressed in the pre-
liminary report Of the Agricultural
Commission to Europe, appointed in
August, 1918, to study cnditions in
Great Britain, France and Italy, which
was made public to-oav by the Secre-
tary Of Agriculture.
The members of the commission were
w. o. Thompson, president of Ohio
State University, chairman; Carl Vroo-
man, Assistant Secretary of Agricult-
ure; R. A. Pearson, president Iowa
State College of Agriculture; Thomas
f. Hunt, dean of the College of Agri-
culture, University Of California;
of Plant Industry; David r. Coker, cot
ton grower, Hartsville, S. c.; George
M. Rommel, chief of the division of
animal husbandry, and George R. Argo,
of the Bureau of Markets.
Although prepared before the armis-
tice was signed and based on conclu-
sions which were made in prospect of
a continuation of the war, the report
declares it seems sure all countries in
volved in the war will become at once
increased consumers, and as result
the situation appears promising and
hopeful to the American farmer.
The report recommends that the
United States take the initiative in re-
questing Allied nations to join in a
programme Of agricultural production
embracing the food needs of the world
to ward off possibility of famine.
The commission expresses the belief
that unusual risks of overproduction
should be assumed by wheat-importing
nations, which would be the sufferers
in case of underproducton. Interna-
tional cooperation and regulation of the
wheat supply is urged in the report to
insure adequate production. The es-
tablishment of an inter-Allied agri-
cultural council in this connection is
advocated
New-York tribune., 1919-01-08
G. ON I'M O dities
| n d II S trial
Cotton

Ihcrc was a sharp recovery in the
cotton market yesterday, owing to a
more bullish view of the spot situa-
tion and continued imyrovement in
export prospects. Much of the demand
was attributed to covering for over
the holiday to-day. and the stronger
technical position after the big declines
OF the past few days, was doubtless
reflected in the iirmer ruling of the
market. March contracts sold up from
26.41c to 27 7.23c and closed at 26 soc. with
the general list closing barely steady
under realizing, but at net advance
of 25 to 50 points.
The opening was somewhat irregular
at d decline of to 16 points on the
old crop, while new crop deliveries
were 10 to 25 points higher Weak
cables and a renewal Of the liquidation
responsible for the decline of Monday.
caused the opening losses on the near
months, but the declines, in Liverpool
were attributed to prospects for in
creased exports and reduced costs of
importation and this view was strength
cned by Liverpool buying here. The
market soon steadied up in consequence
and became firm during the middle
OF the day on covering, trade buying
and a renewal of support from some
of the old bulls. 1t looked as if the
scattering short interest had become
somewhat over-e extended on the recent
decline, and covering for over to- days
adjournment was probably an important
factor. After showing net gains of Ga
TO IS points on the old crop and of SO
points on October. the market met
more realizing and there were moderate
reactions late in the afternoon.
One OF the private cables received
from Liverpool said that the selling
there had been on the February freight
allotment equivalent to 2750O0 bales.
Another said that the market was adj
Justing itself to the expectation of
further reduction in ocean freight
rates, which were thought likely to
stabilize around $3.50 per hundred.
compared with the present rate of
$3.50 Southern $spot advices were
bullish and the absence of hedge sell
ing here in any important volume
tended to color reports that holders
had not been disturbed by the recent
breaks in futures. Exports for the day
were 36.215 bales, making 1939,914
so far this season against 2.141,528
last year. Southern spot markets as
officially reported were unchanged to.
5O points higher. except in the case of
New Orleans, which reported decline
of SO points lower.
he local market for spot cotton was
quiet and 80 points higher at 81 soc for
mlddling upland, compared with 31.3Oc
the day before and 33.05c the year be-
fore
The range of prices follows:
New-York tribune., 1919-01-08
No Ban ON Foreign Copper Imports

Leading copper producers discredit
reports that France and Italy have re-
Gently placed ban on imports Of the
metal. They say that nisunderstand-
ing has apparently arisen over the fact,
generally known in the trade, that
allied purchases in the United States
during the war were handled throuob
the Copper Producers COMMITTEES here
and that restrictions were placed on in
dlvidual buying not only in France and
italy, but also in Great Britain, to pre-
vent gold from going out of those coun-
tries AS matter of fact foreign in
guiries for copper have been received
by producers this week.
New-York tribune., 1919-01-08
Other Cities

cotton Freight Rates Reduced
Jan. r. Reduced
freight rates on cotton from south
Atlantic and Gulf ports to Euronc
were announced to-day by the Shipping,
Board. The rate from South Atlantic
ports to Liverpool Will be $3.50; French
Atlantic ports and also Rotterdam and
$4.75; French Mediterranean
ports, 1928, and Italian ports, $3.50
From Gulf ports the rate will be o5
cents higher in each case.
New-York tribune., 1919-01-08
Relevant Comment
Brokers Honor Roosevelt

The New York Stock Exchange, the
Consolidated Stock Exchange, the New
York Curb Market Association. the
Produce Exchange and the Coffee Ex-
Grange will close at 1890 to-day,
shortly before the hour set for the
funeral Of Theodore Roosevelt. The
lotion Exchange will be closed all day,
as previously arranged, to comneno, .,
rate the Battle OF New Orleans. The
boston and Philadelphia stock ex-
changes and the Chicago Board Of
Trade will close at the same honr &c
the New York Stock Exchange.
New-York tribune., 1919-01-08
News Digest
New York

Oil Deal Completed. Announcement
was made yesterday that the Sinclair
Oil and Refining Corporation has ac
quired the outstanding half interest in
the Garfield Oil properties in the So
called Barber field of Oklahoma. The
deal involves more than 10000 acres
of oil leases and a gross daily produc-
ton of about 5000 barrels. There are
sixty producing wells in these holdings.
New-York tribune., 1919-01-08
Wealth Markets and Commerce

proving the general situation without
detriment to the railroads that fur
aish this help"
The report calls attention to the fact
that from January 1 to the signing of
the armistice the railroads have moved
total Of 6,496,150 men, an average of
SG5,434 per month. The maximum was
reached in. July when 1,147,013 men
we're moved
New-York tribune., 1919-01-08
Butter, Cheese and Eggs

Butter. Receipts. 9.237 packages.
Creamery. higher than extras. ID.
691eo Zoe; extras, 80 score, 6s'e a sec;
firsts, SO to 81 score. 64td6sc; seconds.
SO to 81 score, 60M 63c; lower grades,
pa" o9c; unsalted, -igher than extras.
II i20 72c; extras. 70ia(d Tic; Grsts.
56G Zoe; seconds. 61n 65c: state dairy
tubs. finest. GA CSC; good to prime.
o5o Soc; common to fair, 53Ca e2c; rem
ovated. extras. $50 54c: firsts. 500 SIC:
lower grades, Asa lSc; imitation cream
cry, hrsts, 47fo 4Sc; ladies', current
make, frsts, Asa Acc: seconds. 43lsc
lower grades. 42o43c; packing stock.
current make, No. i, 42l9@43c; No. 2
42c' lower grades, 800 Ale.
'heese. Receipts, 293 boxes. STATE
whole milk. fresh flats, specials. colored
or white, III, 81 'se; average run. 36tsG
5'c; lower grades, 33036c; twins. spe.
Gals. 37'2c; average run, 36ss "a SIC:
lower grades, $3.50 36c; flats. held. 37n
5Sc; twins. held. 37@371ac; Wisconsin.
whole milk, twins, held, $40 - &c:
single daisies. held, 37ik0 3Si4c; fresh.
81 n - 3sc; double daisies, held, 37ac;
fresh, 21}2Cc 37Ac; Young Americas.
held, 39fo 40c; fresh, $3.50 40c: state
SKINS. specials. 2so29c; prime to
cnolce, Zo4Zf'2c: fair to good. 20ia
25c; lower grades, i2MISc.
Eggs. Receipts. / ,469 cases. Fresh
gathered. extras. dozen. CSC: extra
nrsts, GOA 6fc; frsts, 64a 65c; seconds
oVCa 63c; dirties, No. !, 57m 5sc; No
and poorer, 52Ca 56c; checks, good 10
choice, dry, asa soc; sndcr grades
42@47c; refrigerator. aga soc: state
Pennsylvania and nearby Western. hen,
merry whites. fine to fancy, 7s,o SIC:
ordinary to prime. 70M77c: gathered
whites, ordinary to fine. zoo &c: pul-
let whites, 67n zoe: Pacific Coast
Writes, extras, S0MS2c: lower grades
I3fo 7sc; pullets, 650 30: Western and
Southern, gathered whites, ESQ 7se,
state. Pennsylvania and nearby. hen.
merry browns. 70ta re: gathered brown
and mixed colors. 65n6sc.
New-York tribune., 1919-01-08
Livestock, Meats. Provisions

those Of year ago: 'p"ieu VIII
Live steers. fair to a year ago.
prime, 100 h. SI325 6Sia5n So7s a<,o..
Dressed beef. sides, F'" WS'<'Vo
Live veas. common ~ ''' W ~
to prime. 100 h. 1900 IA 230o IA m a. ,-
Dressed veas. city 'o' " ".oo
lb. ........:.. "a "a Al ., n -
Live ewes. 100 h. 800 a. m II on ~ 26
Live lambs fair to ~ '''oo " -
prime, 100 b ESQ "a ta.I5 tz5o T., ,o
Dressed mutton. lb I6 "a "a G IG w 1921
Dressed lambs city " ~ @ 10
r,lb lb: ~, :...... 80 "a al "a ,s
Dressed hogs, ba- "'oo ~ -
con. h. ..... "a 90 Paw. ,,la ~
Mess pork. bbl 5000 "a 81 m IN M "a q 24I.
Mess beef Dbl 35 90 a. as m I0o a. 0o q 81 90
Lard Middle West, '0'0' '''oo "a $500
lb. ............ $4,000 % 24.ooe 24.45c "a 24sso
New-York tribune., 1919-01-08

nil. Augusta quiet, 13 points higher
at 29.3S; sales 444 bales. Memphis
steady, unchanged at soc; sales, 625
bales Houston steady, % points
higher at 30.40; sales, 1871 bales.
Little Rock quiet, 25 points higher at
29.75; sales, $50 bales.
New-York tribune., 1919-01-08
Silver Shipments Continue

The government IL continuing the
Nsslptnepf Of silver to India under the
aFffaf of jte agreement with the British
government made last summer. Yer
,@yday s4sD0o, 800 was sent from the
ph,'adelpbia mint, having been oh
fS1gea s from the melting DOM Of siIyer
doiiarr. shipments TO India 10 date ara
estimated at approximately $S0, 100000
New-York tribune., 1919-01-08
James A. Stillman Elected
Chairman of National CITY Go

James A. Stillman, chairman of the
board of directors of Che National City
Bank, was yesterday elected chairman
of the board of directors of the Ma
tlonal City Company, an affiliated or
ganlzation. Mr.. Stillman succeeds
Samuel McRoberta- who since the
United States entered the war, has been
in the government service.
New-York tribune., 1919-01-08
California Petroleum Issues strong

Speculation for the rise extended to
California Petroleum shares yesterday,
with the result that both Issues moved
substantially higher The common
advanced from 2I1z to 23M. and closed
= higher. The preferred touched GO
after eeIiing ,as low as 65, and CLOSING
~ points UP at G8M.
New-York tribune., 1919-01-08
The Dollar i'm Foreign Exchange

Rates moved narrowly in the local
foreign exchange market yesterday on
comparatively small turnover of bust
ness. Scandinavian exchanges were
slightly firmer.
Closing rates yesterday, compared
with a week ago, follow:
(Quoted dollars to the pound.)
New-York tribune., 1919-01-08
Money and Credit

The banks were more liberal with
their offerings of money in the local
market yesterday. This was reflected
IN increasing ease, and at the stock
market call money ruled at to Az
per cent
In the market for fixed date funds
borrowers continued to bid 511 per cent
and some business was done on this
basis for sixty and ninety-day periods.
Ruilng rates for money yesterday,
compared with a year ago, were as
follows:
Yesterday. Year ago.
Per cent. Per cent.
Call money:
On mixed collateral 3I2
On industrial eth 4La -
Time money (mixed collateraD:
Sixty days ......5H@6 5Ia@54
Ninety days .....5H@6 5I2@524
Four months ....5H@6 5L2@5s4
Five to six months.5H@6 5I2@5a4
Commercial Paper.-1his market was
broad and active yesterday. Many
houses which have not been borrowers
for several weeks are beginning to put
out paper. Rates yesterday averaged
around 51a per cent for the general
run of paper.
Bank Acceptances.-Lowe rates for
call money have resulted in larger
demand for bank acceptances. Rates
yesterday we're unchanged, as follows:
Thirty Sixty Ninety
Spot de- days. days. DAYS.
livery: Per cent.Per cent.Per cent,
Elig lie
member
banks =. .4h@4 4h@4is 4Is@4M
E g bl G
non-mem-
ber banks.4l4@4Is 4as@4I4 4ss@4h
Ineligible
bank bills.5N@5 5h@5 5Is@5
For delivery within 80 days:
Per cent.
Eligible member banks. Ak
Eligible non-member banks. ..... Al.
Ineligible bank bills. ls.............6 g
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., 1919-01-08

Cornmeal. yel- g.3.7594.oo 3.75a4.oo 4s7i,
Rye flour. choice $50 a e.25 s.so@e. rs lo.i0
bran. luo-lb sacks. $500 5400 43o0
New-York tribune., 1919-01-08
Hay and Straw
Coffee, Sugar and Tee
Colfee Eutures.-The market lao,

Coffee Futures.-The market showed
n considerably steadier tone yesterday.
1t seemed that the recent decline had
been sufficient to attract some buying
for European account, while there was
scattered covering. and after opening
unchanged to points higher prices
closed at net advance OF 10 to ~
points.
The range of prices follows:
New-York tribune., 1919-01-08
range of prices follows /:
Cottonsced Oil Market

was quiet and unchanged. The do
mestic demand was small and Of
routine character. as consumers wefss
not disposed TO buy ahead of actrs'
requirements owing TO the weakness in
other oils and fats and on account o.
the numerous uncertainties in connee'
tion with probable future develop
ments.
New-York tribune., 1919-01-08
> III s t e m a II G e
Cereals

Wheat.-So far nothing definite has
plans of the Allied governments in re-
gard to the distribution of worlds sup
plies of wheat. America IS still looked
upon as the most logical market for
meeting the urgent needs in the sec
tions where famine conditions prevail,
hut after these have been relieved it
is thought entirely probable that other
markets will be called upon to furnish
large supplies In fact, it has been in
timated that arrangements are being
made for moving large quantities of
wheat from Australia, where big sur
plus has accumulated during the last
three seasons. On the other hand, the
Argentine wheat market yesterday de
clined 2l2c, and, according to private
cables received from there, Argentine
merchants were pessimistic over the
outlook for making large contracts
with the Allied governments.
COrn.-The small stocks of corn at
Chicago and the continued light re-
ceipts from the country are the prin-
cipal factors in the corn market at the
present time. The movement yester-
day was of small proportions and
prices made new high records on ac-
tive covering Shorts were very
nervous, and pronounced strength in
the February position disclosed the
fact that the trade has become fearful
lest conditions in that month show a
repetition OF recent developments in
December and January. There was
more or less profit taking at the ad-
vance, however, and in some quarters
it was thought that the technical posi-
tion of the market had been weakened
by recent buying The question of
Argentine importations was again n
disturbing factor. 1t was said that
the War Board had stated that Argcn-
tine corn now is unrestricted and may
be licensed for importation freely The
food administration, however. denied
that any change had taken place in
the situation, and It was implied that
no import permits would be issued.
Yesterdays Previous Year
New York: close close ago
Corn. No : yellow s1.7os4 sl.7os4
Chicago.
January .......... 1.47ss l.4574 sf.27ls
May .............. 1905 1888 1.25
Oats.-The oats market showed little
individual feature. but prices were in
fiuenced largely by the action of corn.
and closing figures showed net gains
for the day of a to ssc. Receipts at
primary points were moderate, and
while the local cash demand was small
prices were firm. The embargo against
shipments to New York for export was
lifted and it was thought that domestic
grain would soon be allowed to come in.
~, Yesterdays Previous Year
New York: close. closc. ago
Oats. No. 3 white. .soIa .sos .ssIa
January .......... .7tH ,7o1a .7sN,
May'n Nav '''''.''''' 'zssa zssa -zo z9,. ,e
Rye Market firm.
Yesterdays Previous Year
New York: close close ago.
Cash. No. West. $1.7AIe $i.731s
Flour and Meal.-Quotation were:
Yesterdays Previous Year
New York: close. close ago.
Flour Miuo
New-York tribune., 1919-01-08

One large prODlem IN the deVeIOp-
ment of foreign investment CORPORA
tions here would be less how to
gain for them the confidence of
investors than how to keep the field
free from the swarms of sharks and
swindlers who would inevitably in
wade it the instant it began to
prove popular with the public. If
Congress should pass a "blue skv"
law, the incorporation of such COM
panies might be put under Federal
supervision and subject to periodic
examinations. Possibly eventually
a bureau will be established for
this purposei covering all corpora
tions which should wish to. engage
IN business under a Federal charter.
the bureau being supported by a
small tax upon the participating
companies The degree of super
vision could scarcely be as close as
IN the case of the state and national
oahK departments; and it obviously
could not in any way guarantee the
stability or standing of the com
panies. 1t could only require them
to make frequent reports and guar
antee the accuracy Of these reports:
and false statements by officials
could be subject to proper penalties.
After all, the greatest thing is the
character Of the men behind the en-
terprisc; and to-day the American
public holds securities for, 40 or SO
billions, built up without the aid
Of any such Federal supervision and
for the large part working safely
and smoothly.
New-York tribune., 1919-01-08

5U0~ CnouIy ,. I Ht 0UU- TCdS u Y,
Monday, lost $4,000 to the banks.
silver.--Londcn,s 4s@d., unchanged;
New York, 1o1 &c, unchanged; Mexican
dollars, 771ac, unchanged.
London Money Market.-LONDON
Jan. 7.-Closing money per cent. DIG
count rates, short and three months
bllls, 1882 per cent. Gold premiums
at Lisbon, 67.O0.
New-York tribune., 1919-01-08

Nominal.
Below is given the current exchange
value of foreign money in dollars and
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint:
New-York tribune., 1919-01-08

:. The Federal Reserve Bank of New
York has put in force the following
schedule of rediscount rates which
apply to bankers acceptances: Ma
turtles up to Is days, per cent; 16 to
60 days, inclusive, AZ per cent; 81 to
80 days, inclusive, Al per cent.
New-York tribune., 1919-01-08

Ihe above rates express the cost of
foreign money in terms of the Amcri-
can dollar You buy an English pound
sterling. say, at $4.7585. The intrinsic
parity Is 4.S6% per pound. Thus yo,,
say either that pounds are at a dis
count or that dollars arc at premium,
which Is owing to the fact that in Eng
,hnh me demand for dollars with which
TO settle accounts in this country ia
greater than the demand in this coun.
try for pounds with which to settle
accounts ia England
New-York tribune., 1919-01-08

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: