davidaulloa/AmericanStories huggingface dataset:
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-06-25

actual organization of an orchestra.
but spoke favOrably on the municipal
band idea. saving that interest shown
by FL Paso citizens in the band would
be the basis for the organization OF
an orchestra next fall.
Volunteers 10 work further on the
idea Of providing the city with sum-
mer concerts and the organization of
an orchestra were James C. McNary.
Julius krakauer. Mrs. c E Bryan.
Mrs. O. A Critchett. Mrs Edith Lane.
c T. Bates and George Da1and.
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-06-25

OsteO2aths-Drs.A rmstronE, 4l6 Rob-
erts-Banner. Office Phi 1913: Res. 1855.
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-06-25

Kills Wisconsin DRY Bill.
Madison Wis. June 25.-By a vote
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-06-25
GRECIAN-RII- asPEE1,.. nr-ssrrr

Today is positively the last day to
see SPEEDY Bill" Russell in the latest
sensational melodrama he has ever
maze. Where the West Begins"
This picture pleased and thrilled en-
tnusiastic audiences at the Grecian
theater the past two days. Those who
miss il at that theater today will be
missing a real motion picture treat
Don't forget il is being shown at
the Grecian today for the last and
final time.
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-06-25

TROUBLE Avoia trouble, LeAv.
LongweITs. Or Telephone No l
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-06-25

We Now Serve Breakfast.
Modern Cafe-Downstafrs Mills Bldg.
Adv
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-06-25
CONSTANCE NEUTRALITY-SUSPICIOUS..

who Cares?- in which Lewis J.
Seiznick presents Constance Tai
madge. is a story OF youth and the
problems Of youth. Of a girl who mar
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-06-25

ries carelessly and tries to play the
game of life without due regard to
the rules and responsibilities Of the
game II will be offered at the Bijou
theater today ana tomorrow
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-06-25
DR.. Eber:. DENTIST. als snns Bldg,


Prescott, Ariz-. June 25.-John c.
Martin a pioneer newspaper man of
Prescott and Phoenix. is dead in Los
here.
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-06-25
Dr. Ahns I.eum. BuckIer eldg. Ia. 81.

Drs. Irwin & Gray. Eye. Ear Nose
and Throat. 610 Martin Bldg, Phi. 75s.
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-06-25
Navajo Charged With Killing.

NAVAJO Charged With Killing.
Phoenix, ARK. June Enlarged
with the murder Of Chez Kee. or Red
Boy. Navajo Indian named Black
Mexican. has been captured after a
chase Of several days and landed in
the Flagstaff Jail. according to ad-
vices received Tuesday at the United
states attorneys office here.
DIR. BowIby away at Chicago clinic.
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-06-25

We Now serve Breakfast.
Modern Cafe-Downstairs Mills Bldg
Adv.
New-York tribune., 1919-05-23
Copper Metal

A leading authority in the copper
trade gives it as his opinion that the
big producers have raised the price of
copper after shrewd psycho-analysis
They believe that more people could
be induced to buy copper at Is cents
than at Is. Perhaps they took their
cue from the psychology of the stock
market. Regardless Of the intrinsic
level, people will buy on a rising mar
ket who would not buy on a falling
one. The copper mems psychology has
so far been successful.
A confidential report, however, to
one of the leading producers indicates
that sales are still below current rate
of production. Sales of copper in
April are given as sO,oOo,0OO pounds;
sales in the first half of May, 6O,OOo,-
600 pounds. These do not represent
deliveries. But the current rate of
production is estimated at 100000 900
pounds of crude copper month, and
1400OO,000 pounds Of refined. Stocks
Of copper in this country on Febru
ary l., crude and refined, were esti-
mated to total 1,O0O,000,0O0 pounds.
These have now increased by about
25O,O00,0O0. The European surplus is
placed at 75o,0O0,o0o pounds. 1t is said
that the smaller dealers, mistrusting
the market, are sold far ahead; but
the big producers have chosen to hold
their stocks.
New-York tribune., 1919-05-23
A Rise in Bonds

The most important feature In the
markets Of yesterday was the striking
advance not only in Liberty bonds but
in the whole list Of corporate bonds.
Such an advance reflects several con-
ditions. The bond market has not re-
ceived the advance Of the stock mar
ket; 1t has not gone so far in the
last few months in "discounting" the
future. It's decline has been due al
most solely to the repeated issues of
Liberty bonds, absorbing all the sur
plus investing power of the commu-
nifty. We have now seen the last of
these public offerings. Meanwhile the
investing power of the community has
not only remained as it was. but has
grown enormously, If not in the VOL
ume Of funds. seeking investment, at
least in the numbers of educated in
vestors. The oversubscription to the
recent issue of Victory notes, which
will not be accepted, indicates an un-
satisfied investment demand which
must find its outlet in the purchase of
bonds already outstanding.
New-York tribune., 1919-05-23
The Handicap of High Prices

At its present price around 1926,
Standard Oil of New Jersey is still
below the high of 500, reached in
1917. It is morally certain that if ten
shares of Standard Oil of New Jersey
we're now outstanding from every
present one their price would be
higher than 72la. The public could
afford to indulge. AS general rule,
when the assets behind securities are
considered, it is the dear stocks that
are most apt to be cheap and the
cheap that are most apt to be dear 1t
is significant that on the Stock Ex-
change there is but one active stock
Texas Company-selling above 200,
though occasionally American Tobacco
and SearsRoebuck wander in. Texas
Company itself has declared a for
midable number of stock dividends,
which keep its price down. When, a
few years ago, Bethlehem Steel COM
mon was bid from the 40s to 700, the
directors quickly took action to demo-
cratize the stock by quadruplng the
number of shares outstanding.
New-York tribune., 1919-05-23
Stock Exchange Seats
Are Sold for S35. 600

Two memberships on the New Yofk
Stock Exchange were sold yesterday at
$4,000 each, the highest price paid
since 1910, when a seat brought
$4,000.
The seat of Henry Wesl, deceased,
was sold to Sidney B. Curtis. and that
of W. Forbes Morgan, jr., to Constan-
tine Hutchins. The seat of l. S. Tilney
was transferred to A. Hayward Nc
Alpin without consideration.
The new high price for memberships
represented an advance of $4,000 over
the price Of last week.
New-York tribune., 1919-05-23
-Markets-Investments
Cotton Prices
Rise as Mills
Place Big Orders
Settlement of Textile Strike
Important Factor in the
Market, Which Advances
S5 to $3.50 a Bale

Prices in the cotton market surged
upward yesterday until, at the high
points of the day, they we're from SIS
to $3.50 a bale higher than at the
closing on Wednesday. The movement
was based on heavy buying by New
England mills and foreign agents, re-
ports of unfavorable crop conditions
in the cotton belt and large sales of
spot cotton at Liverpool Prices fell
back somewhat at the end of the day,
but closed with net gains of a cent or
more.
Buying by the mills for future needs
was the greatest factor in the mar
ket's strength. The New England mills
have been putting off necessary pur-
chases in the hope of lower prices, but
apparently now have come to the con-
clusion that this hope is not likely to
be realized. The sudden settlement of
strike in Lawrence, Mass, and other
goods centres enables manufacturers
to resume work on the heavy orders
which they have in hand. Demand for
dry goods is so strong, and the mills
so fully sold ahead, that numbers of
them are declining to accept orders.
In the last week exporters have placed
unusually large orders for colored cot
tons. One merchant received orders
for 100000 pieces for foreign shipment,
one-third of which was for Venezuela
1t is asserted that big shipments will
be made to France in the next month.
Sales of spot cotton at Liverpool
yesterday were 10000 bales. This was
the largest days business since the
beginning of the war Sales of spot
cotton in Southern markets also have
been extremely heavy.
An authority on crop conditions said
yesterday that the month of May has
been unusually wet in the South and
that the cotton crop is likely to be
injured by grass. If the grass condi-
tion becomes more or less unmanage-
able on account of labor shortage,
there will be, he said, what will amount
to a crop failure-that is to say, a
crop of less than 100000 bales.
Range of Prices
Prices yesterday compared with the
day before were:
New-York tribune., 1919-05-23
No Need of Fire
Underwriting by
Govt, Buswell Says
Profits Only 1.89 Per Cent
of Premium in 1913;
Losses Larger Than in
Any Previous Normal Year

F. c. BUSHNELL, president Of the
National Board of Fire Underwriters,
yesterday declared in an address at the
fifty-third annual convention of the
Board at the Hotel Astor, that the
record Of the fire insurance companies
for fair dealing was such as to pre-
cude the necessity of any serious con-
sideration of a governmental system Of
underwriting in the United States.
Profits, he said, of 144 of the chief
hre insurance companies of the United
States IN 1918, amounted to only 1.89
per cent Of the 1882, ,2O3 of prom
iums written, and that last year fire
and lightning losses paid represented
1926 per cent of the premium, ex-
penses reached 1902 per cent. Taxes
totalling $l6,939, ,242, or 24.32 per cent
OF the net income, were equivalent to
two and two-thirds times the under
writing profit, he added
Government Control Ineffective
"The results of government control
and operation Of great public service
organizations, both in diminished eff
cheney and in the vastly increased cost
which the public must ultimately pay
have demonstrated the fallacy of the
plausible arguments of professional
socialists and classroom theories. We
may reasonably hope that experiments
already undertaken will sufficiently
prove, to the satisfaction of the great
majority of the safe and sane, that
the stock fire insurance companies.
properly and adequately supervised as
they are, can and do supply all needed
lndemnltles against fire loss more eff
1ectlvely, more economically and more
satisfactorily than any state or gov
ernment agency could hope to do"
According to a report read for the
committee of incendiarsm and arson
by N. S. Barlow, chairman, 441 were
convicted for arson in 1918 in the
states covered by the committees. Of
those sent to jail it was ascertained
that 81 committed the crime for re-
Venge, l56 because of pyromania and
other forms of insanity, 26 to conceal
CRIME, and 172 to defraud the insurer
Fire Losses Great
For the committee on statistics on
the origin of fires, Ohio E. Lane, chair
man, said: Last year we stated in our
annual report that the fire loss for the
year 1917 was the largest in the
history of the country, with the
exception of the year of the San
Francisco confagration, and it was
our hope at that time that this loss
would not be exceeded. AS much
as we regret it, however, we have to
advise that the loss for the year 1918
exceeded that for the previous year by
approximately S4000O,O0O and amount
ed to S290,959,S85, or an increase of
"a cents per capita-from 50. in 1917
to S2.76 in 1918. This is an enormous
increase, especially in view of the
TACT that no serious conflagration oc
CURED with the exception of the Min
nesota forest fires, in October last,
which occasioned an estimated loss of
S3OO00,OO0 Even had this confarra-
ton not occurred the estimated loss
would have exceeded last years total.
NO doubt considerable amount of
the increase is attributed to the tre
faendous Increase in values"
New-York tribune., 1919-05-23
Exchange Holiday

When the announcement appeared
yesterday afternoon that the governors
of the Stock Exchange had granted the
petition of the members for holiday
on the Saturday following Memorial
Day, a great cheer went up from the
floor. Doubtless the brokers were not
only glad of getting three day per-
sonal holiday at that time, after the
great strain of the last month or more,
but their houses will appreciate the
opportunity of catching up with ac-
counts over the end of the month.
New-York tribune., 1919-05-23
Heavy Margins

Marginal requirements Of bankers
and brokers are 80 heavy that there
seems no likelihood Of what is called
inverted speculative pyramids. Prior to
the 1907 panic it was a common prac-
tice among many ,.ouses to accept u. s.
steel and similar issues on SIS a share
margin, and "Stcel" in 1905 was selling
nearly az high as it Is now. Even
some low priced issues were taken on
smaller margin and 10 was popular to
New-York tribune., 1919-05-23
Propose Increase in
Irving Bank Siock

Announcement was made yesterday
of proposed increase in the capital
stock of the Irving National Bank from
s4,50o,oo0 to S6,ooo,oO0. A special
meeting of the stockholders will be
held on June 20 to vote on the in
crease.
Of the $4,000 shares of new stock to
De issued 1850 shares will be offered
to stockholders at par, $l00. at the
rate of one share for each four now
held. The right to subscribe expires
July 21. The remaining $3.50 shares
of the new stock are to be sold or dis
posed of at the discretion of the board
of directors at price not less than
the book value.
New-York tribune., 1919-05-23
William Farrell & Son
Head Big Coal Merger
Annual Tonnage of New Com.
Germ Estimated at More
Than 2.75O.OOO

The incorporation of William Far
rell d Son has brought into being one
OF the largest combinations fo ccal
dealers and distributors in the coun-
try. Among the concerns in the mer-
ger are William Farrell G. Son, Robert
Gordon q Son, Inc; Hencken e. Will
enbroek Company, Thedford- Eltz Coal
Company, S. Trimmer & Sons, Inc; O.
IL. Perry & Sons; Pattison e. Downs
and Scranton and Wyoming Coal Com
pany.
The annual tonnage of the new con-
Germ has been estimated at more than
2,'50,OOO. The corporation is capital
i%ed at S3,o0o,OOO preferred and 10000
shares of common of no par value.
The preferred stock was underwrit-
ten by Ladenburg, Thalman g. Co. and
Spencer Trask G. Co., and part of the
common stock by ]. s. Bache G. Co. and
S. Schatzkin.
New-York tribune., 1919-05-23
The Latest Oil Merger

One of the principals of the Wall
Street group which is working on plans
for merging a number of oil companies,
including the Sinclair Oil and Refining
and Sinclair Gulf properties, is Colonel
William B. Thompson. 1t was learned
yesterday that an official announce
ment of the consolidation will prob
ably be made within few days.
The Sholan Oil Corporation, the
name tentatively given to the proposed
new holding company. was referred to
in the columns of The Tribune on May
l6. According to current reports the
authorized capital stock will be in the
neigh hborhood of S100,000,O00.
New-York tribune., 1919-05-23
The Markets
An Irregular Market

In market somewhat less active
than that Of recent days a few indus
trial stocks were bid up violently, in
cluding steel issues and oil shares, to
the accompaniment Of rumors Of con-
solidation. but good part Of these
gains were lost in the late trading
The market closed with most industrial
stocks somewhat higher, but the rail-
road list was weak.
New-York tribune., 1919-05-23
Royal Dutch

Our London correspondents cable US
mat they have it from a director of the
Royal Dutch that present stockholders
will be given the right to subscribe to
one share Of new Royal Dutch stock
for each four shares now held. The
subscription price will be par, which is
about sl4 share, and our London CORE
spondents say that the final cash Royal
Dutch dividend, to be declared about
July /, will be sufficient to pay for the
new stock.-ChandLer Bros. e Co.
New-York tribune., 1919-05-23
Stocks and the Library

The market is in a poor position. It
has discounted all the good news, and
has to confront the bad. The big fac
tor ls disorganization of the foreign
exchange market. 1t is very serious
matter. Few spectators will give con-
siceration to such things as foreign
exchange, which they do not under
stand. We believe they will be besieg-
ing the Public Library for textbooks
soon.-Ctark. Childs & Co.
New-York tribune., 1919-05-23
The Dollar i'm Foreign Exchange

A firmer tone developed in the for
elgn exchange market yesterday when
rates on London and Paris underwent
moderate recoveries from the low
levels of the preceding day.
Demand sterling closed at s4.6314, up
Is cents to the pound, while cables
closed at 1854, up IS.
French exchange closed at s.6S
francs to the dollar for checks and
6.66 for cables, up centimes. Italian
lire continued under pressure, with the
Rome rate falling to 81 lire to the
dollar at the close
Neutral exchanges were generally
firmer at advances of 20 to 80 points.
Closing rates yesterday compared
with a week ago follow:
New-York tribune., 1919-05-23
Paris Bourse Quotations

PARIS, May 22.-Prices were irsegu-
lar on the Bourse to-day. Three per
cent rentes 60 francs 80 centimes for
cash. Exchange on London 80 francs
80 centimes. Five per cent loan SS
francs 20 centimes.
The dollar ranged from 6 francs 81
centimes to francs 50 centimes.
New-York tribune., 1919-05-23
The Trading Record

Thursday was the third day Of re-
action In week in the industrial list.
Prior to that time there had not been
three days of reaction In three weeks.
New-York tribune., 1919-05-23

pyramid profits. This kind of trading
is not in evidence now. Present margin
requirements range from 20 per cent
upward Of the selling price Of securi-
ties, and these requirements are being
lived up to religiously, so far as | can
judge.-E. W. Wagner e Co.
New-York tribune., 1919-05-23
Wall Street Items


At meeting of the Consolidated Cigal
Corporation Yesterday the following direc
tors were elected w. B. Joyce. H. A
Holmes, c. r. Ford, julius Lichtenstein.
T p. Werner, Samuel Gilbert d. Emil
Kline and ". A. Tucker. The officers of
the new company We're elected as follows;
Samuel Gilbert, president, i. Emil Kline.
vice president, and w. A. Tucker. chair
man of the board. Application will be
made to list both the preferred and com
mon stocks on the New York Stock Ex
change
Henry F.. Cooper and s N. sohatzlsin
resigned yesterday from the board OF di-
rectors of the Burns Brothers Company
at the annual meeting of the stockholders.
r. II. Barnes was elected to the board.
It. Fred .Aspden, vice president Of tho
American Foreign Banking Corpora ton
has resigned to accept the vice presidency
of tho Park Union Foreign Banking Cor
He Will begin his new duties
on June l.
New-York tribune., 1919-05-23

The local market for spot cotton was
firm and 30 points higher at 31.55c for
middling upland; sales, nil
Southern spot markets follow: Gal
weston steady, SO points higher at
31.75c; sales, 844 bales. New Orleans
steady, so points higher at 30.38c;
sales, 4,O46 bales. Mobile firm, 25
points higher at 29c; sales, 100 bales.
Savannah firm, so points higher at 30c;
sales, 2,161 bales. Charleston firm, so
points higher at 29.5oc; sales, nil.
Norfolk steady, SO points higher at
29.13; sales, 1857 bales. Augusta
steady, 25 points higher at 29.5oc;
sales, SOFT bales. Memphis steady,
100 points higher at soc; sales, 1000
bales. St Louis firm, 25 points higher
ct 29.50c; sales, 100 bales. Houston
steady, SIS points higher at 31.50c;
sales, $500 bales. Little Rock quiet,
so points higher at 2925c; sales,
OS2 bales
New-York tribune., 1919-05-23
Money and Credit

Call money opened and renewed at
5A per cent yesterday, compared with
the ruling rate of per cent in the
earlier days of the week. The rate was
maintained throughout the day. Loans
on all industrial collateral were n of
per cent higher.
Borrowers were bidding per cent
for sixty and ninety day loans on all
industrial collateral, and a little money
was loaned at that figure
The ruling rates for money yester-
day, compared with a year ago, were
as follows:
Yesterday ago.
Per cent. Per cent,
New-York tribune., 1919-05-23

u ~ >, q. MITCHELL president OF the Electric
~ r,o',r ,I ana snare Company; E. p. Currier
" ", Monlsomery & Co, and J. F. Shaw of
hnnuth, Nachod & Kuhne, have been
r,ected directors of the American Sumatra
Company ~ 'Ai'id d
New-York tribune., 1919-05-23

Bank of France.--PAR1S, May 22.-
The weekly statement of the Bank of
France shows for the first time in a
number of weeks a falling off in circu-
lation. The decrease is 19O,79I,745
francs. Other changes follow Gin
New-York tribune., 1919-05-23

r. ~ 3. Close. vicc-pres,dent OF thc
Bankers Trust Company: George L. storm,
vice president OF tho Tobacco Products
Corporation; @. Hermann kinnicutt OF
treasurer OF tho Sinclair OH and Rcfining
Company, and John y. Stanchheld have
been added TO the board of directors of
IN" Importers and Exporters Insurance.
New-York tribune., 1919-05-23

Bank of England.-LONDON, Nav
22.-The weekly statement of the Bank
of England showed decrease of
s50.062 in bullion holdings. The pro
portion of the banks reserve to liza
bility this week is 20.1O per cent; last
week it was 2O.5O per cent. Other
New-York tribune., 1919-05-23

COTTON STATISTICS
Yesterday. before tysg year. ',aT'
Port receipts 1926 13,237 6.14O
DO o. season 's -. 4.154.4a7 4oao.sa$ s.aea,s4o
Port stocks .,.1,2S0,67t 1,24o,t6+ 1,335, 1872
Int. receipts 12,322 1l10D I2671
do shipments 1928 1919 1887
N. Y. arrivals 2,5il S06 6,391
Liverpool Market
A good inquiry existed for spot cot
ton at Liverpool, middling being quoted
II points higher at 1S.55d Sales Il, 700
bales; American 5000 bales. Imports
5000 bales; American 5000 bales.
Futures opened steady, 10 to IA points
higher Closed strong, at a net ad-
vance of 81 to So points. May, 1S.S9d;
July, 1S.37d; October, 17.oSd; Decem-
Der, 16.66d; January, 16.46d; Marcn,
16.26d. Manchester: Yarns strong and
active. Cloths, a large business doing.
Liverpool Cotton
There was active trading in spot
cotton at Liverpool. sales reaching 12,-
900 bales. Middlng was quoted at
1886. OF the quantity sold 5000 bales
were American. Imports were 5000
bales, 5000 American. At Manchester
yarns were strong and active. and
there was large business in cloths.
Prices for future contracts we're:
New-York tribune., 1919-05-23

London Money Mari1et.-LONDON
May 22.-Closing: Money, 3ls per
cent. Discount rates: Short and three
months bills, 3Ss per cent. Gold pre-
miums at Lisbon, 103.
New-York tribune., 1919-05-23

Bank Clearings.-New York Clearing
House exchanges yesterday we're $685.
17S,o3o; balances, $59,S2S,356.
New-York tribune., 1919-05-23

Following are the official rates
quoted by the American Relief Admin
istration on exchange against the coun-
tries on which it has supervision over
all dealings:
Marks to the dollar
Germany .............. 1854
1 OidHu fU.CU
finldnu 9.oU
Kroncn to the dollar
Czecho- -Slovakia ....... 1850
New-York tribune., 1919-05-23

Silver.-London, 51Ad; New York,
s1.o5s; Mexican dollars, 791a0S31a.
New-York tribune., 1919-05-23

Sub-Treasury. - The Sub-Treasury
gained $4,000 from the banks on
Wednesday.
Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1919-08-01
SHELDON
Special CORRESPONDENCE

special correspondence
Harry Canon left here Monday going
to look for work.
Herschel Ames and family have
moved here from their farm near
Bruce.
Richard Webb is visiting his sister.
Mrs Harvey Haley and other friends
in that vicinity.
It is pretty likely that our next
school principal will be man-just for
variety. you know.
4 family named Gable have just
moved into the house lately left vacant
by the Lacy family.
Mrs. Lizzie Sergeant and Miss Alice
took Thursdays train going to visit III
Ladysmith and KEENAN,.
Lawrence Klein has been succeeded
at the cheese factory by Mr.. Niste, who
came here from Bruce, and begun
work Monday
Some farmers in this vicinity have
begun harvesting. but the recent con
tinued rains have forced a temporary
stop in the work.
Mrs. Agnes Van Horn and son, of
Ladysmith. visited relatives in the Ser
geant neighborhood a few days lately,
returning Wednesday,