davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04
Not to shut Down.

The statement that copper companies
might shut down for a while until con-
sumption catches up with production
was recently made in Wall Street circles.
This Is declared 10 be entirely out OF
question by Walkers weekly Copper
Letter, which says: Were 1t not for
the desirability OF maintaining working
organizations and supplying employ
ment and incomes 10 tens of thousands
OF miners who have settled with their
families and made their permanent
homes in producing centres, production
undoubtedly would be discontinued
wholly for the period OF three or four
months Mining companies feel that II
Is necessary for them to operate, and to
make this possible are selling portion
of their current output at such prices as
I, will bring. Such sales and the sur
plus stocks owned by the Government
are making the market All indications
point TO an early increase in the volume
of metal buying. and Immediately after
orders begin to be placed, the price OF
the metal undoubtedly will be advanced
three or four cents a pound" SO far
as the metal market Is concerned. the
letter says, Copper Is still quiet. but
the tone of the market is decidedly
firmer, Lake to 15& cents and cleo
trolytic is l5h cents per pound. Con-
sumers are showing trihe more incli'
nation TO buy and producers less dispo'
sition 10 sell"
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04
Denver and Rio Grande.

The strength in Denver and Rio
Grande preferred yesterday is under
stood to reflect accumulation which has
been going on for a long time by insiders
who have definite knowledge OF the con-
tract OF the Government with the road
and of the possibilities of reopening the
suit with the Western Pacific. Hereto
fore Il has not been possible TO obtain
any figures on the n. & r. g. contract
which II understood TO have been signed
yesterday, When made public Il is ex-
pected TO show an income account OF
SS.S19,OOO. The fixed charges of the
company are approximately $4,000, 900,
which would leave a surplus of approx
imately s2,320. 900, equivalent to approx
imately 4l9 per cent. on the preferred
stock. In regard TO the suit against the
Western Pacific. II is understood that
the D. & X. O. directors have decided
to reopen it. but that the Western Paci-
flc has come forward with a proposition
for a compromise. the terms Of which are
expected TO he agreeable and profitable
TO the Denver road.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04
Copper shares strong.

Wall Street in general and the group
Of speculative interests in particular,
supposed to have inside Information on
the metal market, was considerably sur
prised yesterday at the strength OF cop
pers. The short interest in these issues
is supposed to be large. but basing their
belief on their knowledge OF actual con-
dtions as they exist in the copper
market. most OF the traders are at loss
to know why an attempt should be made
to bring about general covering move
ment. Those familiar with the market
expect the red metal to sell even lower
than at present, some of the predictions
being as low as eleven and twelve cents
a pound, which compares favorably with
pre-war prices At the same time 1t is
10 inted out that there has been no buy
ing OF metal in any considerable quaint
ticc since the srmistice was signed and
that even the people who went TO Europe
In search of new business returned as
pessimists.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04
Loan. Exceed Five Billions.

For the hrst time in the history of the
New York Clearing House, the loan.
discount and investment item has
crossed the FIVE billion mark. the total
yesterday being s5.020,633,000. an In
crease for the week OF s117.430,000. In
Wall Street considerable significance is
attached TO this expansion. which brings
loans to new high record, and sug-
gests q greater participation In specula-
ton on the part of outsiders. The rise
in loans created new deposits. that item
advancing nearly S25,600,000. The
growth In deposits made an increase in
the amount Of the reserve required and
the actual reserve OF member banks
in the Federal Reserve Bank falling
of about 100000. there was de-
crease in surplus resvrve OF SS.148.72O.
making the total amount s36.744,1S0.
United States deposits increased about
$50, 900, 900. No reserve Is required
against these deposits. and. II the re-
deposit of Government funds had not
occurred, there would have been prob
ably a heavy shrinkage in reserve. The
investment and speculative public, II
is anticipated. will study this weeks
bank statement with more than ordinary
interest and care
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04
GOSSIP OF WALL STREET.
Market Comment.

Considerable difference OF opinion as
to the markets future 10 expressed In
weekend market letters sent out by
commission houses to their customers.
Most Of them foresee ultimate higher
prices. but urge caution at the present
time because Of the extreme rapidity
with which quotations have advanced.
Clark, Childs & Co. say, wall Street
Is doing too much business. II Is over
extended. The years to come are bright
with promise, but the markets Of to-day
are dangerously fast Moderation and
patience are qualities that Just now are
moro vitality needed in Wall Street than
bravado and the evident desire OF specu-
lators to discount the coming year
progress In a single session." A. A.
Houseman says. THE shifting from one
favorite to another may create thin
market, but that the upward swing Is
nearing the end we do not believe"
Hayden. stone g. Co. say. THE first
stage of the rise Is perhaps over. and
level has been reached where one must
expect more frequent and more severe
reactions" Paine, Weber & Co. say,
Technical conditions were considerably
impaired by rapid advances during the
week and by somewhat reckless buying
for public account"
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04
CONSOLIDATED EXCHANGE.

There was strong tone 10 values al
the close OF an active market yesterday
on the Consolidated Stock Exchange
Final prices, as rule. were slightly be-
low the top levels Of the session as the
result OF limited profit taking. but the
undertone held firm. Fluctuations In tho
ac'ive stocks were rapid and made for
confusion at times, giving the market
an appearance OF f-regularity.
Railroad stocks were very active. hut
price changes In these issues were Of
minor importance. Interest In the
group we're centred In the low priced
roads, in which fractional advances were
scored.
Standard industrials were IN demand
and the specialties again showed evil
dences OF pool activities. Steel shares
closed higher under the leadership of
Steel common. which after going 10 e9ls
reacted at the close to 9s%. a gain Of
y.
OIL stocks were improved, except
Mexican Petroleum, which was in sup
ply from the outset
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04
A Rail Marine.

In -the scramble for marine stocks the
fact has been generally overlooked that
the Canadian Pacific Railroad Company
Is large owner Of marine property.
some OF 1t the finest OF its kind in the
world. Belated recognition OF this fact
is believed to have been the reason for
activity In the stock yesterday, when 1t
was pushed to new high for the year.
The earning power of the shipping prop
critics is backed by a transcontinental
railroad which Is in high favor with the
Dominion Government In considera-
ton OF the shipping properties which It
owns traders believe that Canadian Pa
cihc Is selling entirely out of line with
the stock OF companies earnings OF which
are based entirely on their income from
vessels.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04
Cerro de Pasco.

In connection with the movement OF
the coppers yesterday It was pointed out
that so far as the financial position
was concerned, there was only one issue.
the position Of which actually warranted
attention. This is Cerro de Pasco. II
was originally opened as copper prop
erty, but it has turned TO silver produc-
ton as It's main item of income and II
is understood to have been bringing out
large quantities recently. According to
information available some time ago. the
ore at this mine contains approximately
100 ounces Of silver to the ton. The
value Of this silver, a little more than
81 an ounce, permits continuation OF
the mining of copper and at the same
time assures Il profit on the metal even
though the company may have TO hold II
until the fog over the market lifts.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04
COFFEE MARKET.

The coffee market yesterday "ae
actionarv and after opening ivreguia
IL point higher TO l2 points lower ~,
tember and December developed tur''
sharp declines due TO profit taking
end week liquidation, tho former mon.
going 10 1855 and the latter to H. 4
this level fresh demand caused shsF
rallies, carrying December 20 1880 al
September 10 l7.ss, ana. prices ShoWE
net gains of { 10 - points.
Range OF prices
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04
Predicts Higher Prices.

Notwithstanding the extent of the al
vance which has occurred predictions
Of still higher prices based partly on
expectations of smaller crops In Braz
were heard in trade circles yesterda'
Reports reached here early last sumne
that unusually low temperatures h,
caused considerable damage to the CO
fec Plantations in Sac Pauio. NJ u.
time they were egarded almost 81
tlrely. Recent reports have been IN
the coming crop will SHOW a sharp il.
ing off. and that feature is attra'tm
more attention. According to pr!va
cables received here during the la
few days, the coming crop of Santo'
coffee, which begins to move about Jul!
l. NAV not exceed 10000 coo bag
against 12,l70,o0O bags for the zee
ended on July 1, 1915, and this year
estimated receipts at Santos of aOoa
100000 bags.
Domestic importers and merchant
we're inclined TO oppose the advance u
coffee during the winter and ear
spring in the belief that the large supl
available in Brazil would become
greater pressure on the market ?s TN.
for the new crop movement apGrnac'e'
owing partly to that attitude ana pt'|-
to the difficulties of Importation, ~
plies In this country were Ora Nu o..
TO small figures. and at one time du'
last December there were only ''-.'"
bags in the United States Visible, O.
hardly more than a normal months re
duirements Since then. there have bee
larger Clearancee from Brazil and ~
visible supply Of this country has j"
creas ed to about l,92o,o"n bass, :.
meanwhile. II ls claimed thet supple
| In the interior in the hands o. roaS' ere
iobbe-s and retailers have been ORA"
down to unusually small proportions.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04
COTTON TRADING IS QUIET.
Market Closes steady with Prices
to IL Points Net or.

The cotton market was quiet yester-
day. The price movement was corre-
spondingly moderate, with the market
opening barely steady at a decline of
to 90 points. selling about 3 to points
net higher on the more active posi-
tons during the middle of the morning,
then reacting with the close steady ut
a net loss OF TO 12 points. July con-
tracts sold up from 26.43 to 26.72. and
closed at 1856.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04
Reduce Rates From Orient.

WAsHISGroN, May 3.--Reductions in
import rates from the Pacific coast to
the East on several commodities from
the Orient were announced to-day by
Director-Genersl Hines. Most reduc-
tions were estimated TO range between
10 and 20 per cent
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04
United Cigar Increases Capital.

TRENTON, May 3.--The United Cigar
Stores Company of America iled with
the Secretary of State here 'N-day
notice of increase ~ -apitaI STOCK from
$40, 100000 - $4,000 900. or the new
stock $5,O0o,000 is : per cent. clmula-
tive preferred and 5000, 900 common.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04

Wheat. 35o,322 bu. barley, 1871
bu.; -four. 2s.Sl7 bills. hams. III 900
lbs lard. $4,000 lbs corn. s4.17O blu. /;
oats 1887 bu.; beef. AZ ties. bacons,
68S,e5o ibs.; eggs. 1000 cases; lubri-
eating oil. 1880 gals
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04
Big SPECULATION IS
GOING ON IN COFFEE
Trading in Futures Is Brisk
for First Time Since War
Was Begun.
HIGH PRICES PREDICTED
Values Have Nearly Doubled
Since the Signing of
Armistice.
HIGH PRICES PREDICTED

The prospects OF early conclusion OF
peace have had a most stimulating ir.
fuence on the coffee market and trading
In coffee futures on the New York Coffee
and Sugar Exchange has reached active
proportions for the first time since the
beginning of the war. Coffee prices
have nearly doubled since the signing o.
the armistice and quotations for future
delivery on the exchange have shown
an advance of more than cents n
pound since the middle Of January. The
grade of green coffee known as Rio H.
which was selling at about So to
cents pound during the summer OF
1914, was quoted yesterday at ISM 10
10 cents and contracts for July deliy-
cries on the exchange sold at 1910 cents
yesterday morning, against 1880 cents
at the beginning Of April and 1895 cents
ut the low level Of last winter.
Coffee was one of the few II not the
only commodity In general use which did
not advance materially during the war.
hut which now seems to be recovering
its old relation In the scale of values,
owing to the ability OF Brazilian holders
to carry large available supplies in a
belief that all they have will be required
to meet the worlds demand once ship
ping facilities are available.
or the nations engaged during the
first three years of the war, Russia and
England are known as tea drinkers.
while the coffee drinking nations Of
central Europe were shut off from sup
plies by the Blockade which, OF course
meant big reduction in demand. As
ocean tonnage became scsrcer, coffee
using countries, free to import, found
1t necessary to curtail their purchases
in Brazil Tho end OF the war. conse-
Quently, found unusually large supplies
Of coffee In producing markets, but the
consuming countries were left with very
small stocks on hand.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04

Stocks in Brazil on July 1. 1914. 70
Instance, amounted to about 942, 600
bags al Rio and Santos combined AZ
present the stock officially reported IL
the warehouses OF these primary ports
is 3.&S0, 900 bags, and; IL the holding,
% the Brazilian Government be included.
the stocks amount to about 6,453,0Uo
bags. The worlds visible supply Of cot
fee at the beginning oc the wa"
amounted to about 1890, 900 bags. No
figures on the worlds visible supply are
available, but Il Is taken for granted that
central Europe is practically bare OF
coffee and that both visible supplies am
supplies in the channels Of distribution
elsewhere have been materially reduced.
AS shipping conditions improve anL
international trade relations are re
sumed after the signing IF peace holders
Of coffee in Brazil naturally expect III
expanding demand until supplies in COZ.
suming countries shall have been re
plenished There also appeared to be a
disposition 10 anticipate some increase
in the consumption per capita as a re
suit Of the prohibition movement par
ticuarly in this country. Plans have
been made by the National Coffee
Boosters Association for a campaign OF
publicity with a view of Increasing TIL
popularity of coffee as a beverage and
n fund of s1,500.000 OF which 100000
is to be contributed by Brazil, has beef
RAISED to expend in a nationwide adver
Using campaign of four years. Some in
crease in the consumption in EnSlauG j.
also talked Of, as il is said that coife'
las gained in popularity there tirols
It's use instead of tea, owing to TIL
greater difficulty Of importing the latte
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04

Closing prices OF stocks in which there
wave no transactions yesterday;
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-04
NEW YORK STOCK EXCHANGE PRICES.
Saturday, May 3, 1919.

LAY saleS.. Ibl9lV
year TO date. 7I22bS52
Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1919-11-26
ARE WARNED OF R0LSHEWSM
Finnish Leaders Advise National Coun.
Gil at ST. Louis to Beware of
"Red" Terror.

st. Louis, Nov. IA warning
against bolshevism was sounded in a
cablegram from the national council
of women of Finland. read at the SEES
sion of the national council of women
of the United States, in convention
here. The message from Finland re-
cited that in 1917 Russian soldiers dis
seminated bolshevik propaganda
throughout Finland and for a while IL
snneared that the nation was 'in the
+hroes of terror" 1t added however
that the government had radicallsm
under control at present In the same
wear. the message continued, food was
so scare in Finland that the poorer
classes were forced to make bread
out of mixture of oatmeal and saw
dust. The women thanked America
for assisting in alternating the food
situation.
Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1919-11-26
MOVE TO RESTORE
INDUSTRIAL PEACE
Years Labor Truce Is Urged at
Mining Congress.
ATTACK ON LABOR UNIONS
Harry NJ. Taylor, Chicago Fuel Expert,
Declares Workers Are Viciously
Profiteering-Hs Version of
What Their Demands Mean.

st. Louis, Nov. ia 12-mOnth ar
mistice between capital and labor, dur
ing which present working conditions
would exist and a thrift and produc-
ton campaign to restore industrial
tranquility, were advocated by Allen
Walker of the Guaranty Trust COM
pany of New York at the American
Mining congress convention here.
A commission in each state, COM
posed of one representative of capt.
tai, one OF labor one of state, and two
of the pubic, preferably educational
lists, with power to standardize wages
and ensuing adjustments, and an iden-
tical national commission, with author
ity to act as the last court of appeal,
was suggested by Mr.. Walker.
Must Abide by Final Court.
"Such an armistice should be real,
no lockout or strike during that time,
both capital and labor pledging in ad-
vance to abide by the rulings of the
national commission" he said.
1.-THE ruling passion is extravaganza,
supplemented by a common determina-
ton to do as little as possible for as
much as it is possible to get by fair
or unfair MEANS"
Union methods have drifted from
honest effort at collective bargaining
to an organized labor autOcracy that
has placed a premium on inefticiency,
according to a telegram from Harry
n. Taylor of Chicago, president of the
National Coal association.
Labor VciousIy Profiteering."
"NO more vicious attempt at delib-
crate profiteering could be forced upon
the public" the telegram from Wash
ington said, ethan this demand by
radicals officials of the United Mine
Workers in demanding an increase of
60 per cent on the present eight-hour
scale and then proposing to work only
a six-hour day for five days a week
for the increased daily rate.
"An example of what this demand
means: The price now paid for COM
mon underground labor, such as driv-
ing mule and shoveling rock, is So
for eight hours, or 621a cents an hour.
This, plus 60 per cent, would make IS
for the six-hour day, or five hours ac-
tual work, or SLIGO an hour, or 156
per cent advance.
For work on a Saturday or holiday
it would be double time, or SIC a day,
or $500 an hour, for the actual hours
worked, or an advance of 142 per
cent"
Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1919-11-26
HIS SCHEME DIDN'T WORK
This Colonel Evidently Was Wise as
to the Foxy Ways of His
Junior Officers.

In the regular army it is one of the
customs of the service, when at a reg
ular army post, for the junior officers
to call upon the senior officers. To
comply with this custom without max
ing the calls, the junior officer fire.
quently waits until he knows the senior
officer is away and then calls at his
home and leaves a card. One night
when l was stationed at a post in
Texas, l saw the colonel down town
and on my way home stopped at the
colone's quarters and put my card
under the door. | was just leaving
the porch when / noticed a car at the
gate and on closer inspection I noted
that the colonel was in the car and
was awaiting me at the gate. He
laughingly said: "Kind of late to make
a call, isn't it, Lieut.?' This became
one of the colonePs best stories, and
to say that l was more than once
embarrassed would be putting it mild.
Exchange.
Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1919-11-26
BLOCK DELAWARE LYNCHING
Police Rush Three Negroes Who
Killed Patroman Out of State
Slain While Seeking Firearms.

Wilmington, Del, Nov. 15.-Fearing
enraged citizens might attempt to
lynch three negroes charged with muir
dering a policeman and probably NOR
tally wounding another peace officer
here. police rushed the prisoners to
Philadelphia. The negroes. Lemuel,
James and ohm Price, brothers. were
being held in the central police sta
ton. The sale of firearms in the city
has been stopped and negroes have
been warned to keep off the streets.
TIL murdered policeman was Thomas
l.. Zebley. Harry @. Pierce, the wound
ed officer, was shot three times. The
shooting occurred when the two pa.
trolmen went to the Price home TO
investigate the stealing last week of
scores of guns from gun store The
guns had been pawned in this city.
Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1919-11-26
LISTEN TO AMBITIONS VOIcI
Desirable Companion May Fail to Ca
Again If She Is Not Accorded
Recognition.

Most young people seem to thinA
that ambition is a quality that is born
in one and which cannot be materially
changed, but the greatest ambition MAY
be materially injured in many differ
ent ways. The habit Of prOcraStina:
ton, of postponing, the habit Of pic'
ing out the easier tasks and putting
off the difficult ones, for example, wiz
very seriously impair the ambitiOa
Whatever affects the ideals affects ing
ambition.
Ambition often begins very early 4
knock for recognition. If we do nOl
heed it's voice, if it gets no encourage
ment after appealing to us for years
it gradually ceases to trouble US, %
cause. like any other unused quality q
function, it deteriOrates or disappears
when unused.
Be careful how you discourage y
refuse to heed that inner voice WhIta
commands you to 20 forward 1of Y
you do it will become less and less IN
sistent until finally it will cease Y
prod you and when ambition is deaa
deterioration has set in.-From "AinOl'
ton and Success" by Orison S"e''
Marden.
Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1919-11-26
VOTE RESERVATION TO
ARTICLE TEN, IS TO 33
Senators Alter Section Referred to by
the President as Heart of
the Treaty."

Washington, Nov. 14.-The reserva-
ton to article 10 of the League of Ma
lions covenant, drafted by the foreign
relations committee, was adopted by
the senate after all attempts to amend
it had been defeated.
The reservation voted is the one
President Wilson said would "cut the
heart of the treaty." and is said to
have been the only article drafted by
himself.
The vote on the reservation was
46 to 49, All of the negative votes
were by Democrats. Four Democrats
Gore, Reed, Smith of Georgia, Walsh
of Observation-Disclosures with the Re
publicans for adoption.
The text of the reservation is as
follows:
"The United States assumes no obli-
CATION to preserve the territorial integ-
rity or political independence of any
other country or to interfere In con-
troveries between nations-whether
members of the league or not-under
the provisions of article 10, or to en-
ploy the military or naval forces of the
United States under any article of the
treaty for any purpose, unless In any
particular case the congress, which,
Under the Constitution, has the sole
employment of the military or naval
forces of the United States, shall by
act or joint resolution so provide"