davidaulloa/AmericanStories huggingface dataset:
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-10-23
DoNNELLs SON.
: o>ee>~eo~ ~~>>~ :

Miss Laura Gibson and mother. of
near Red Oak, Iowa, are visiting old
time relatives and friends here. Miss
Gibson was doing Red Cross duty at
Brest. France, for eleven months, but
has received an honorable discharge
P. A. Wiegner, of Brookfield, Mo-,
was visiting home folks Friday. He
returned home Saturday morning, &C
companied by his daughter, Nellie
who had visited with hery grand.
mother the past six weeks.
James Cruikshank left last week
for Long Beach, Calf, to spend the
winter. He was accompanied by his
daughter, Mrs. j. L. Reid, who has
visited in this vicinity tda past few
weeks.
Mr.. and Mrs. Guigerly, OF New
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-10-23
DON'T NEGLECT A
RHEUMATIC PAIN
Buy and keep handy bottle OF
pain-relieving Sloan's Liniment

you need it when the unexpected
" rheumatic twinge starts - the
- pains and aches following ex-
posure sciatica, lumbago, sore mus
cles, stiff joints, neuralgia. Forgot all
about buying another bottle and keep
ing it handy, didn't YOU'D Get it today
play safe - you may need it tonight
This famous counter-irritant fenc-
frates aOitkout rubbing and scatters the
congestion. The pain or ache is soon
relieved, leaving no plaster or poultice
mussiness, no stained skin. Thousands
of regular users keep it handy for
emergency - they don't suffer need
lessly. Three sizes at all druggists -
35c., 70c., S1.40. } @
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-10-23
Farminu by Boat.

PINSK. (By mail)-H a man
went through the street Of any
American village, carrying hay rake
over one shoulder and paddle over
the other, he might be put down by
the sophisticated population as The
property man of a moving picture
troupe. But out in the Pripot marshes
it is all in the days work.
In the little village of Gorodyszes
"a good hour by motorboat from
here, and considerably longer when
the propeller gets fouled IN the reeds
the farmers do their hay-makins
by boat. Some of the marsh vege-
tation can be cured and converted
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-10-23
Eases
Colds
At onceI Relief with
.pape's Cold COMPOUND"

rna FIRST dose eases your cold! Don't
49, ~ st,,ffedup! Quit blowing and
s sunffling,! A dose of "Pape's Cold
Snr,nound' taken every two hours
M. ou three doses are taken usually
u un mn severe cold and ends all
P III awaits you! Open your
o,osged.up nostrils and the air pas
sages of your head; stop nose iu.
s sae relieve the headache, dullness'
feyerish sneezing, soreness ana sui
ness ;s tho
.Papes Cold Compound Is lne
Quickest, surest relief known ano
costs only few cents at drug stores.
II acts without assistance. TASTES
nice. Contains no quinine. insist on
Pape's!
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-10-23
Fhoo Prices Drop,

limited Press Leased Wire Service. ]
ST. LOUIS, Mo-, Oct. %, = Hog
prices, on the toboggan for two weeks,
continued the downward slide today,
Prices reached the lowest mark in
more than three years when sales
were made early today at the National
stock yards at s12.70 with the top
five cents higher.
Tie market today was down fifty
cents following two weeks Of similar
declines,
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-10-23
--------------- -
Seek Four Robbers.

UNITED Press Leased Wire Service. ]
SIOUX CITY, Ia, Oct. .23.-Sioux
City police today sought four robbers
who ransacked four residences in the
suburb of Leeds, near here, and
carried away clothes of victims whom
they forced to disrobe. The loot was
said to also include four watches and
s1O0 in cash, ~ 49,
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-10-23
Bomb on Railway Track,

UNITED Press Leased Wire Service.l
bomb was exploded on the Pennsyl-
vania railroad tracks at Speers Sta
ton, near here, a few minutes be-
fore train carrying workers of the
Pittsburgh Steel Products company
arrived. The explosion delayed traf-
fic, but no one was injured.
New-York tribune., 1919-06-29
German Comnetition

One of the early results of the peace
treaty should be resumption in deal
ings in German exchanges. Some Ger
man imperial notes we're offered in
London last week, and changed hands
on basis which makes German ex-
change at London about 1880 marks to
the pound, or about 1912 mark in
quotation of 2O.40 marks. ut is ex-
pected," says the London correspondent
of "The Evening Post" "that this de-
probation Of the mark will be great
stimulus to German exports, enabling
them to undersell competitors"
This is curious statement coming
from London. It is precisely the same
assertion that German fnanciers used
to make in pallation of their exchange
rate during the war. 1t overlooks a
highly important factor. That factor is
While exchange is down 66 per cent,
it is not known precisely what the
Specific depreciation" of the German
paper mark is-that is, what it could
be quoted at in terms of gold. But,
specific depreciation aside, it is known
that the imitation in Germany has been
enormous. The note issues of the
Reichsbank totalled in June, 1914,
$500 100000; they are now aobut S9,-
0VV,UUV,UUU, an increase OF l,0OO per
cent, and of this increase 100000 900
has come since the armistice. The gold
reserve against these notes is now less
than per cent, compared with 81 per
cent in June, 1914.
The inevitable result Of this has been
huge imitation of costs of production
in terms of German money and a CORE
spending increase in selling prices,
which might be thought to put Ger
port trade But it is here that the
deprecated mark in foreign exchange
comes in. That, by itself, would in
crease export trade. The play of eco
nomic forces should tend to bring these
depreciations to a balance, but it re-
mains to be seen whether the decline
Of the mark in the foreign exchange
market has more than offset or has
failed to offset the depreciation of the
mark at home.
New-York tribune., 1919-06-29
Longevity of Dulness

There are several reasons for sup
posing that the present stock market
dulness will endure at least until the
middle of July, and several for think
ing that it may end this week. All
depends on what the present dulne IS
is ascribed to. 1t may be restraint
imposed by high money rates. If that
is so, money rates seem now to be
having an altogether different effect
from that which they have had in
recent weeks. The only 1000, 900 share
day in the present market came on
Tuesday, June 3, when call money first
went to 10 per cent. 1t was the rate
itself which brought the activity by
the selling it induced. Then the mar
ket reflected the call rate by it's move
ments. 1t may be that now it is re-
flecting it by activity.
If comparative dulness is indeed
being brought about by money rates
or money shortage, no marked increase
in activity seems possible until the
second week of July, when the dividend
and interest disbursements will prob
ably have found their way back in the
banks. On the other hand, there is
the possibility that the present respite
may reflect hesitation of traders over
the German signature, now promised
for tomorrow afternoon. 1t is not that
there is actual fear of any refusal to
sign; if there were that, the market
would be rejecting it by decline.
But both buyers and sellers may be
holding themselves in check until the
German signature become fait ac-
compli, and so provides basis of
operations. If that is the reason, then
activity should resume On Monday.
Finally, the explanation of the pres
ent falling off may be simply the usual
sequel to "bull movement" that has
come to close. Prices having reached
new level, discounting an expected
future, come to a comparative equalib-
rum at that level; there is no great
incentive either to buy or to sell. If
mat were now theNcase this compare
tive dulness would continue until some
unexpected incentive appeared.
New-York tribune., 1919-06-29

their own plans for getting indemnities
from Germany"
But" replied DR.. Won schwabach,
"the wreck of our financial institutions
not redeemed. DR.. Won Schwabach an
swered: "Frecarious? That is not the
word. Every bank, every savings bank,
every insurance company in Germany
will be insolvent as soon as payments
But" replied DR.. Won Schwabach,
was the very purpose of the treaty.
Those men at Paris are not fools. They
have been thoroughly informed by
their own agents of conditions in Ger
many. Moreover they are just as able
as l am to take a pencil and figure the
results of their action. The Commits
sion on Reparations only will carry out
the orders OF the appointing powers,
and who are they?
Another great banker of worldwide
reputation expressed similar views re-
garding the movement of exchange,
emphasizing the fact that foreigners
had exaggerated hopes regarding the
possibilities of Germany's business re-
covery. He sees Germany's economic
future veiled behind the darkest clouds
owing to the treaty stipulations. Said
this banker: "They have taken away
our food growing territory, our coal
and our iron. We shall have to i'm
port these things. In addition they
demand unheard of sums in indemni-
ties, but these will not be paid because
they cannot. Wherewith can we pay {?
The treaty is crazy; it is a crime"
New-York tribune., 1919-06-29
Germans Are Not
Impressed by Rise \
In Value of Mark
Claim That Improvement in
Currency Values Is With
out Justification; Foreign
Spectators Responsible

BERLIN, June 28.-The rapid i'm
provement in German currehcy is re-
garded with uaconcealed skepticism in
high German financial circles as being
without substantial economic justifica-
tion so far as Germany is concerned
Since last Thursday Amsterdam ex-
change has fallen seventy-fve points,
Danish forty-fve and Swiss thirty
three.
DR.. Won schwabach. proprietor of
Bleichroeder's, discussing the matter
with The Tribune correspondent to-day
said: ION the surface it is mere mar
ket factor that foreign spectators sold
German exchange short when it seemed
doubtful whether peace would be
signed. Then when it became certain
that the signature would be given they
grew anxious and ran to cover, but the
whole movement was exclusively for
e1gn We have no means of influencing
rates from our side" DR.. Schwabach n
added that Germanys financial posi-
ton gave no ground for the rise in
the mark because there was no reason
to expect business recovery. The Tri-
bune correspondent called attention to
the position of the great joint stock
banks with sevenfold of their capital
and reserves invested in government
paper and asked whether their position
had not become precarious if they were
respondent, "the Entente governments
cannot wish that, for it would defeat
New-York tribune., 1919-06-29
Charges Carranza
Ha1ts Oil Drilling
I'm Mexican Fields
National Association for Pro-
tecting American Rights
Asserts Operations Have
Been Stopped by Soldiers

The National Association for the Pro-
lection of American Rights in Mex
leo announced yesterday the receipt
Of information from private sources in
Mexico that the Mexican government
has sent troops to stop the drilling Of
wells on the properties of foreign COM
panies in the oil fields.
"The drilling work of. two American
companies" the official statement said,
has already been stopped by armed
soldiers of the Carranza government.
who surrounded the wells and, under
threats, compelled the American drill
lerS to stop work. In view of the mur-
ders of American oil we'll workers dur
ing 1918, these threats were not dcfied
The United States government pro-
tested against contiscaton of oil lands
by the Mexican government in April,
1913. Great Britain, France and Hol-
land Joined in the protest against con-
flcation of oil fields owned by their ma
tionals. This is the first overt act Of
the Carranza government in defiance of
that protest"
The National Association for the Pro-
lection of American Rights in Mexico
was organized early this year to pro-
tect American investments jeopardized
by the unsettled political and economic
conditions in Mexico
The association includes practically
all of the American financial interests
having a stake in Mexico. Among them
are two Rockefeller companies, the
chief being the Standard Oil of New
Jersey. Among the other oil companies
represented in the association are those
Of the Doheny group, principally the
Mexican Petroleum and the Pan-Ameri-
can Petroleum and Transport Company
The Texas Company is also represented
as are the interests in control of the
Anaconda Copper Company. The Bank
ers and Securities Holders group of
the association represents such institu-
tons as the Guaranty Trust Company
the National City Bank, the National
Bank of Commerce, J. P. Morgan & Co.,
the Chase National Bank, the First Ma
tiona' Bank of New York, the Bankers
Trust Company and the Central Union
Trust Company.
New-York tribune., 1919-06-29
British Prices Rise
Higher Than in u. S.
Movement Started Abroad
Year Earlier Than in
This Country

General wholesale prices in England
increased ISL per cent against "a per
cent IN this country from 1913 to 1918,
according to pamphlet on inter
national price comparisons, just issued
under the direction of the War Indus
tries Board. These figures are based
on comparisons of the Sauerbeck-
Statist series for England with the
price sections series for the United
States. On comparisons made of
identical lists of 15O different COM
modities the percentage of increase
for England is LAP against 1OS for this
country.
comparison of food prices based
on thirty-four commodities shows an
Increase of 121 per cent for England
and 96 per cent for this country.
Wholesale prices of clothing in Eng
land, reckoned on twenty-nine COM
modlties, showed an advance of 1874
per cent, compared with 12O per cent
for this country. Nine iron and steel
commodities in England showed an ad-
vance of 126 per cent in England and
15l per cent in this country In chemi-
calls, based on fifty-fve commodities,
England showed an advance of 214 per
cent for the period, while this country
had an Increase Of 1873 per cent.
The comparisons year by year show
that the price advances in England
began about year before they did in
this country. In clothing the advanc-
ing prices in England were still behind
those IN this country in 1917, when
her. percentage of increase was 81
against our 107, but from 1917 to 1918
English clothing prices increased so
per cent compared with IS per cent
in this country
New-York tribune., 1919-06-29
Money and Credit

Surplus reserves Of the New York
Clearing House banks increased $685.
66S 800 last week. amounting to $64,-
OH. .13O at the close of business yes
terday. This compared with slight
deflcit in reserves fortnight ago
Loans and discounts Of the banks de-
creased $19,247,0 900 to $4,91O, ,6s8, 900
during the week. Improvement in the
position Of the banks was attributed to
the fact that preparations for meeting
the end OF the year financial require
ments OF corporations had been salts
factorily completed.
United States government deposits
with the banks increased from s364.-
967 900 to 1858 1856 900 last week. Net
demand depesitc expanded 91i, ,7as. 900.
Gold holdings Of the Federal Reserve
Bank Of New York increased from
$453 ,S00, ,4S4 70 448b,s41 ,sS4 last week.
Discounts against government war
New-York tribune., 1919-06-29
Edmunds & Jones Corporation
Fails to Earn 1918 Dividends

The Edmunds & Jones Corporation
reports for the year ended December
81, 1918, u surplus after charges and
war taxes of $49,567, equivalent to
'S552 share earned on the preferred
stock. In the preceding year surplus
amounted to 1887, ,126, equal after the
payment of preferred dividends to
$7.22 a share earned on the 100000
shares of common stock of. no par
value. After the holders of the pre-
ferred and common stocks had re-
ceived $99,971 in dividend disburse-
ments the company showed $49, ,8O4
deficit for the year.
New-York tribune., 1919-06-29
HOLIDAYS This Week

Monday-In Egypt, Guatemala, Per-
sia, Turkey
Tuesday-In Brazil Estate of ANA
zonas), Canada. Ceylon, China, Egypt.
Gibraltar, 6 Persia. Siam (Bangkok), /,
Wednesday-In Brazil Estate of
bahia), China, Egypt, Persia, Turkey.
Thursday-In Persia.
Friday-In Brazil, Guatemala, New
1oundland, Nicaragua, Panama, Peru,
Persia, Uruguay. In the United States
in every state of the Union and the
District of Columbia, Alaska, Hawaii.
philippine Islands, Porto Rico and
Virgin Islands
Saturday-In Venezuela.
New-York tribune., 1919-06-29
NOTICE TO BOND BUYERS
ADVERTISEMENT FOR e,ns

., 'Hs 1T, ,mc't porated Town OF Lusk. WON. .
y. ". Saturday. July 1zth' lsi. , ~ c'.sk
parcnSse OF their water works irnnrovas
n.en. .n. bonds In tho sum Of :z0o 900, due IN
,Ia,.' . ssnfs optional In fifteen years, and
,housanh dollars $3.50. .0oo). due In ,wsy, ea,s,y ,
optional in ten ysars. both w..
.ina. Sswss bonds to be issued In denornina.
ssse1, ~ six per centum Der ann'n nea, iss,. IN
s. J.n,,s psyaoic.scnsi~ annually. In July and
Afy Isio s9th st'. isrnes to bs dated July M is,
tainea t,a'seo inforrns,ion may bc OBJ
.s,'. sf""i tns Town Clerk upon appI,cs.
III ,gECkGE II, HOWEs. Mayor
T. ~ GODDARD. Town Clerk. 'S'
New-York tribune., 1919-06-29
The Dollar in Foreign Exchange

The foreign exchange market made
no important response last week to the
formal signing of the peace treaty
with. Germany. Rates moved against
London most of the week, demand
sterling getting down to low of $4.5S,
but there was recovery of about a
cent in the pound at the close of the
week. French exchange was steady.
Resumption Of gold shipments to
Spain after lapse of more than a
year. and half was an interesting
development in the Spanish exchange
market. Spanish pesetas as result
moved closer to parity 1913 cents.
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:
New-York tribune., 1919-06-29
War Dept. Will Sell Platinum
Incorporated In 1871

Dispatches from Washington yesteT'
day stated snat the War Department
will dispose of its surplus stock o.
platinum for Slo5 an ounce and ~
iridium stock at $500 an ounce. Sales
will be made at the New York Asssy
Office. The minimum amount to be sols
TO any purchaser will be 100 ounces ana
the maximum 1000 ounces.
New-York tribune., 1919-06-29
Regular Declarations
Purchases Silk Mill

John c. Wildwood, president Of the
Mrsch Manufacturing Company, manu-
facturers Of silk ribbons, has purchased
the silk mill property of Klotz d Bre-
genzer at Allentown, Pom. 1t is an
nounced that four story addition to
the plant will be erected, and that 100
to 100 looms will be installed.
New-York tribune., 1919-06-29
Japan Making Own Leather

The war has greatly stimulated ths
Japanese to undertake the manufac;s
ure of leather, and several large fac
tories have been established in Toxin
and other districts. Owing to the use
developed condition of the livestock IN
dustry in Japan. practically all tae
leather used in the manufacture cs
boots and shoes had heretofore besr
imported.
New-York tribune., 1919-06-29
The Bank Statement

The bank statement was one Of the
most encouraging in many weeks. The
surplus reserve increased $33 900,
bringing it to s64,077 ,13o. the highest
figure since last January Reserve
credits at the Federal Reserve in
creased $35, 900. The increase in
the excess reserve was not brought
about primarily by a calling of loans,
for their decrease was only $19,247,-
900, and net demand deposits, the liza
bilities against which the reserve is
held, actually increased nearly $12,-
000,O00 That the bank statement
would be favorable was rather def
nitely indicated on Friday by the fall
Of call money rates to a renewal figure
of and 51s per cent. with Az and 5A
per cent at the close. Government
deposits increased about $9000,000
during the week.
New-York tribune., 1919-06-29
The Markets
Stock Movement

News of the signing of the peace
treaty brought no furry or excite
ment to the stock market. Trading in
creased greatly in activity after the
news was out, but the change in the
price level was inappreciable. A few
specialties were bid up. but fell back
again. Nevertheless, small as the rise
was, the average price of thirty in
dustrial stocks reached 10927, a new
high level for the year and in the
history of the Stock Exchange, sur
passing the previous high price of
10S.93 three weeks ago. Among the
individual gains were An points in
Chandler Motors, 21z in Corn Products
and IA in international Paper.
New-York tribune., 1919-06-29
Wall Street Items

The Guaranty Trust Company Of New
York has been appointed transfer agent In
New York for the capital stock OF the
Globe OIL Company.
Newton p. Frye. formerly OF the Chicago
Daily News, has become associated with
T. w. Chapman Co as sales manager
for the territory west OF Pennsylvania
The New York Coffee and Sugar Ex
change mem bershtp OF George p Tiffaney
has been Gold to B. r. Calm FOR s7 GOO mn
Increase of $500 oyer the last previous sale
The Chicago Elevated Railways has
definitely stated that II VIII not be in
a position to meet tho interest July on
lis two-year per cent secured gold notes.
extended at per cent to mature July l.
1919. Certain OF the roteholders antlcl-
pattng that the company would not be
able 20 take care of these notes and the
interest on July !. organized a noteholders'
look after the interests OF the noteholders
in event OF default This committee con-
sists OF Charles f. Mitchell, chairsna n.
president OF the National City Company
New York; George NJ. Reynolds. president
Continental and Commercial National
Bank. Chicago: John IT, Mason. prcsi~
dent Commercial Trust Company. fht,a :
delphia. r. Hartley Given president
Farmers Deposit National bank. Pitts
6ursh. and II. Floyd Clinch. Of crerar
Clinci. e. Co. Chicago. X w, Berry. OF
tary.
New-York tribune., 1919-06-29
DIVIDEND NOTICES :
THE BANK oY Aurvsc.

"FssSh We AMEHTCA.
~. Ssw York. juno II. 1914
Ine board OF Directors have today A..
s.nged semi annual dividend OF Xftssr
slt1 PSF e%nt, sSec Of tax pays bis J,,iv
~ 1913. 10 stoekhoidsrs cf record OF mi.
Ths trAns.es bo01s viii remain closed
s5tU Jasy ~. 1915 S'
New-York tribune., 1919-06-29
Dividends s
Extras

Wheeling Mould and Foundry Company.
An extra dividend Of ! per cent has been
declared on tho common stock in addition
to the regular quarterly dividend of per
cent, both payable August to stockhold-
ers OF record July II. The regular pre-
ferred quarterly dividend Of per cent
was also declared. payable July to stock
holders OF record juno rs.
New-York tribune., 1919-06-29

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., 1919-06-29
'4atunna

The Federal Reserve Bank of New
York has put in force the following
schedule of rediscount rates, which
apply to bankers' acceptanccs: Maturi-
ties up to Is days, 4 per cent; 16 to 60
days, inclusive, AZ per cent; 81 to 80
days, inclusive, Az per cent.
New-York tribune., 1919-06-29

obligations amounted to $567 1921
compared With $584,512,701 the week
before.
New-York tribune., 1919-06-29

Sub-Treasury. The Sub-Treasury
gained s4,216,0O0 from the banks on
Friday.
Silver.-London, 531ad; New York,
$1.0Sh; Mexican dollars, 83h@S7hc.
New-York tribune., 1919-06-29
Cost Of one dollar

DHNK ACCePCNnCtS.-NHCe were uN-
changed yesterday as follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent. Per cent,
Eligible
member
banks o.. .4h@4 4A@4Hs 4h@4A
Eligible
EOn-mem-
Der banks4h@4 4A@44 4a6@4A
Ineligible
bank bills.5A@4L2 5I4@4La 5H@424
For delivery within thirty days:
Per cent
Eligible member banks. ........ All
Eligible non-member banks. .... Ne
Ineligible bank bills
New-York tribune., 1919-06-29
Federal Reserve Bank of New York

The weekly statement of the Federal
June u compares that the
New-York tribune., 1919-06-29

Bank Clearings.-Bank clearings yes
terday were:
Exchanges Balances
New York $741, ,432,7s9 $69,4e9, ,252
Baltimore go. 14,621,582 4,742, ,489
Boston ..... 56,107 ,289 14,144, ,o52