davidaulloa/AmericanStories huggingface dataset:
The sun., 1919-07-27
New Financing.

The vast extent of new corporate. mu-
nicipal and State offerings is made ap-
parent by the fact that since the middle
Of June the total of new issues fioated
has amounted to more than $500. 900, 900.
That total does not include numerous
stocks of new promotions. but COM
prises major issues. The really striking
fact about the new offerings Is the readi-
ness with which they have been alb
sorbed by institutions and individual in
vestors. Bankers have experienced little
difficulty In disposing OF their new issues
Such a development is remarkable in
view of the enormous demands made on
the money market by the activity of the
stock market during the last five
months. When the anticipated foreign
loans are offered in volume real test
of the security absorbing power of the
country will be provided. II the coun-
try can meet SUCCESSFULLY the threefold
demands of domestic financing, foreign
financing and stock market speculation
It will accomplish something that even
the most optimistic were shaking their
heads about short half year ago.
The sun., 1919-07-27

Closing prices of stocks in which there
were NO transactions yesterday:
The sun., 1919-07-27

Continued on Columns . and Z.
The sun., 1919-07-27
COFFEE MARKET.

The receipt by local trade firms of
bulllsh cable advices from Santos caused
yesterday covering at the Start OF the
coffee market and call prices were un-
changed to an advance Of 20 points.
The market was in rather nervous
state and easily influenced by news from
either side. Later In the morning a
special Santos cable reported futures ITS
to 200 reis higher, causing prices quickly
to advance again to the best point of
the morning, but trading was not OF
large volume and was confined to a few
brokers. Late in the morning the market
had a sharp rally, due TO. receipt of
another special cable reporting further
gains In Santos futures Of 100 to 175
reis, which carried Anal prices here 20
to As points net higher.
panga ~ nrices- Fri
The sun., 1919-07-27
CONSOLIDATED EXCHANGE.

On sustained pressure. exerted against
shorts in the steel, oil. motor and equip
ment Issues. firm tone and rapid adj
vances resulted in those issues during
yesterdays session on the Consolidated
Stock Exchange.
Steel common on vigorous inquiry was
bid up 1 u to 113, Crucible 2% to 143h,
Bethlehem b rs to 101h and Republic
Iron and Steel 1 to 97%. Stutz and
Studebaker were best of the motors,
Stutz moving up Az to 1872 and Stude-
baker az TO ia. Tobacco Products
gained 2% to 1l27s. a new high. Food
Products was the outstanding feature of
the FIRST half OF the session, being bid
up SB to SIN on sustained demand.
Retail Stores was marked up to more
than 100 on fair demand. Baldwin Lo-
oomotive gained 2% to 116 and Ameri-
can Car and Foundry 10 100. The oils
averaged gains of to 2 points. Cop
pers were fractionally higher. Ameri-
can Can was scant of supply and on fair
buying readily advanced IN to 601s.
Pennsylvania Crude OIL Market.
OIL CITY, July 2e.-Credit balances,
50. Runs. 1888; average. s2,s20.
Shipments, 2s.ds0; average. 4s,s0e.
The sun., 1919-07-27
A Quick Move.

Shrewd operators. forever on the look
out for dormant stock In which a quick
turn can be made, found not only enc
but two of them yesterday. One of them
was Transue & Williams, forced up Az
points. The other was Butterick Com
pany. advanced ~ points on COM
paratively small volume OF trading
Transue & Williams started move on
Friday with a gain of points. Yes
terday II sold up to 66h in the first
few minutes of trading. There are 1907
900 shares Of one class of stock of no
par value outstanding and a yearly So
dividend on them has been paid. 1t is
sharing the prosperity Of the other steel
companies
The sun., 1919-07-27
Observation-Disclosures.

Announcement Of the consolidation Of
the Maxwell and Chalmers motors COM
panies as the Maxwell-Chalmers Motor
Company will be made during the next
week, according to information which
reached yesterday the financial district.
Present plans call for the issuance Of
s10,000.000 in new notes and the privi-
lege of conversion of the present out
standing securities into the new stock
at attractive figures. The plans, as Wsll
Street hears 1t, call for a conversion
privilege on that basis. although slight
changes may be made between Fat time
and the formal announcement.
The sun., 1919-07-27
Accessories stock. Active.

Spectacular advances in stocks which
will benefit directly by the tremendous
increase in the manufacture OF auto
mobiles furnished a share of the mar
lets fireworks last week. One Of them
stromberg Carburetori proved a real
Eensation in an advance from the SOS
across par in less than a week. Its
range is between 80 and 100. with jumps
in 1t particularly violent. American
Bosch Magnetic is another accessory
stock which has enjoyed an advance, al
though It has been less spectacular. II
remained steadily above 100 during the
latter part of last week. The floating
supply of both stocks is reported to be
exceedingly small and the violent fiuc'
tuations have been largely the result OF
buying at the market orders which
brought brokers into the market bid
ding against each other for the closely
held stock. Because of the tremendous
increase in the automobile output bott
corporations mentioned are reported tc
be in excellent financial condition and
to have more orders on their books than
can be filled at present capacity,
The sun., 1919-07-27
FINANCIAL NOTES.

Seasongood & Mayer are Offering $780,
600 City of Youngstown. Ohio. 8 per cent
bonds. to yield "a per cent.
New York Curb Market Association has
admitted to its list 1000, 900 shares par
value 81, of the Grand Pacific Copper Com
pany. The property lies near Magma
Banco international de Cuba has opened
nine new branches, and thus has forty
three branches at important industrial
residential. agricultural and shipping
points OF Cuba.
The sun., 1919-07-27
The Bank statement.

Yesterdays bank statement showed a
decided decline in loans OF the Clearing
House banks and proportionate de-
crease in deposits. Loans we're reduced
S97,054.00 and deposits decreased $780,
$4,000. Despite loss of $9,40O,000 in
deposits carried by members of the Fed
eral Reserve Bank. the surplus of re-
serves over and above the required min
to substantial reduction in the amount
maintained. The surplus reserve
amounts to s2o.6OO,O0O. A year ago It
was s72,So0,000. There was a reduce
ton Of nearly s1OO,0OO.000 In Govern
ment deposits at the banks.
The sun., 1919-07-27

Coffee Cables-Rio was $50 reis lower for
7s at 1880. Exchange I'D. lower at u ls-3sd.
Receipts 1000 bags and stock 472,OOO bags.
for No. 4 and 1890 for No. 7. Receipts
1900 bags and stock 1922 900 bags. Santos
futures were so 10 l25 reis higher Receipts
last year and 900 two years ago. Sac
Paulo had Is 900, against 1000 and IS 1000, and
Jundiahy 1900, against II, 900 and 5000 bags.
respectively. Fine weather was reported in
all districts OF Sac Paulo with Temperatures
ranging from so to 81 degrees.
ppAzuJAN coEEE1, srA rTsrrca
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
Cambridge City, Ind.

Mr.. and Mrs. Mathew Ingerman,
Mr.. and Mrs. L. NJ. Young of this city,
David Wissler Of Newcastle and John
Hiser of Muncie motored to Muncie
Sunday. Mrs. J. E. Ray and daugh-
ter, Lenora, of New Bethel, Ind, are
visiting Mrs. Isaac Davis. Will KEEP
Ter and family, Mr.. and Mrs. Lew Bow
man of Indianapolis, Tom Kepler and
family, Mr.. and Mrs. George Butler,
Mr.. and Mrs. Harry Schneider and son
Of this city, Mrs John Kepler Of Perish
ing picnicked at RummeIs Grove
north Of Cambridge Sunday. go. Mrs.
Grace Neff of Lewisburg, O., former
Cambridge City resident, visited rela-
tives and friends here the past week
49,. Mrs. w. H. Styner and children Of
Peoria, Ill, are visiting Mrs. Ophelia
Shultz. Mrs. J. E. Brooks and Mrs.
John Hoover visited in Connersville
Wednesday. :. "A son was born to Mr..
and Mrs. Warren Cough of Indianap-
oils Aug. 10. Mr.. Cough is the son
of Mr., and Mrs. Charles Cough, for
mer Cambridge residence. Mrs.
Beulah NcGrew former Cambridge
City resident, now living in Chicago,
fell and broke her leg and will be con-
fined to her bed probably for eight
weeks. Joe Storch of Kennard, Ind,
is visiting his father, Henry Storch.
Mrs. John Grey and daughter Of
New York city is visiting Denver Har-
lin and family :. Mr.. and Mrs Frank
Marson and son, Ralph, and Miss &C.
neva Smith arrived home Sunday from
Bear Lake, Mich. ...... Mrs. Charles
Boughner and daughters the Misses
Mildred and Irene of Pershing visited
Mrs. Charles Close Monday evening. :.
"A number of Cambridge people at
tended the Cpnnersville fair Wednes-
day. ........ Airs. Walter Butler from
Straughns, Ind, visited Mrs. Will Pike
Wednesday. .-.. Mr.. and Mrs. F. H
Ohmit spent ID few days this week with
Mr.. and Mrs, Claude Clifford at Hag-
erstown. IrVin Heirmer moved We'd
nesday from the John Ohmit property
into the Otto iByers property on North
Walnut street.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
Rains Put Roads in
Shape; System Will Be
Worked by September l

/ With the recent rains putting the
roads in just the proper condition for
tgrading and dragging, County High
way Superintendent w. o. Jones has
|begun road work throughout the coun-
ty on large scale, and expects to
have every road in the county in first
class condition before the middle of
September.
A number of the county roads were
badly in need of rain, and it was i'm
possible to work on them on account
of their dryness. Recent rains, how
ever, have softened all Of the roads
and workmen are now engaged in
dragging practically every gravel road
in the county. A large amount of
gravel is being used on the roads, and
the county superintendent has Jas
teams employed hauling.
Many farmers OF the county have
agreed to work on the roads during
the next three weeks, and Jones said
this morning that he expected to have
all of the road work In the county
completed before farmers had to stop
work on the roads to begin seeding.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
PRICE REDUCTION
MORE NEEDED THAN q
PROTECTED MARKET

PARIS, Aug. 20. - Congressman
Oscar E. Bland of Indiana, a member
of the war expenditures investigating
committee, which is here examining
records pertaining to the liquidation
OF the affairs of the American army
In France said today that he felt 1t
was more important to lower the cost
Of living for the American people than
to endeayor to protect market prices
and prevent the market from break.
ing.
Mr.. Bland said the pressure brought
to bear by American dealers and man
ufacturers in an effort to prevent the
return to war supplies from France to
America were objectional to him add
ing that when Americans so badly
need shoes it seems strange that so
many good army shoes should be sold
flow prices to Belgium and other
European countries, American work.
ing men in the meantime being forced
to pay higher prices in the United
States. He said the same was true
as to trucks and motor cars needed
in America.
! Until he knows the full details of
of the liquidation of American army
affairs here Mr.. Bland said it would
be unwise to criticise too sharply, as
it would probably be necessary to sell
some supplies which America would
| like to have but which could not be
returned to the United States.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
Quebec Prepares to
Receive English Prince
(By Associated Press)

QUEBEC, Aug. 21-Elaborate pre-
parations have been made here for
the reception to the Prince of Wales,
when he arrives on the British war
ship Renown tonight Dignitaries of
the state. church and city will greet
him when he lands and conduct him
to the vice,regal quarters in the cita-
del where dinner will be served.
There will be display Of fireworks
from the heights of the citadel over
looking the city and the st. Lawrence
river.
Tomorrow the prince will be pre-
scented with addresses at the 1egislat-
i've buildings by Premier Gouin and
the mayor. After a reception he will
visit Laval university and the JEFF
ferey hospital. He will deposit
wreaths on the Montcalm and Wolf
monuments; assist In unfurling the
Union Jack on the Quebec battlefield
park. A band of honor composed Of
veterans of the war will unveil COM
memorative plates at the official in
auguration ceremonies of the Quebec
bridge. He plans to depart Sunday.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
Chinese Factions Make
Effort TOWARD Unit,
(By Associated Press)

WASHINGTON, Aug. 21-Confer.
ences at Shanghai looking to an ad.
justment of relations between North
and South China are to be immediately,
with prospects for an early agrees
ment, dispatches to the state depart
ment report. Wang P. Tong has been
appointed head of the delegation from
North China.
Other advices received here said DR..
Sun Vat Sen, who was the first presi.
dent Of the Chinese republic and has
been one of the leaders of the south.
ern faction at Canton, had resigned
his party office because of dissatis.
faction with the attitude of the south
ern factions with the negotiations at
Shanghai
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
(By Associated Press)


WASHINGTON, Aug. 21.-W1th the
resignation Of more than 800 perman-
ent officers Of the regular army al
ready submitted to the department,
and more arriving daily, acting Sec
rotary Roosevelt today began work on
proposed legislation to be submitted
proposed legislation to be submitted
increases for officers and enlisted men
of the Navy and marine corps. Pre-
sent pay tables became effective in
1908, and have not been revised up
ward since although civilian pay has
increased substantially in almost
every branch of work.
High ranking officers who have
given careful study to the situation,
believe the efficiency of the navy is
seriously threatened. Most of the re-
signations have come from the young
er officers in the lower grades, the
men to whom the country looks for the
leadership of IT'D sea forces in the
years to come. These officers, re-
ceiving from s1,70O to $4,000 a year,
most of them capable of earning much
higher salaries in civilian life, say
they find it impossible to support
their families on their pay. In this
COUu6Cl1Ou Ou6 rear al Cd1ISu az
tention to the many classes of ordin-
airy labor in civilian life who earn
larger salaries than do naval officers,
who are responsible daily for many
lives and thousands of dollars worth
of government property.
For the present, acting Secretary
Roosevelt, said today, no action will
be taken on the designations now on
file pending attempts to readjust the
pay tables. Already short nearly two
thousand officers on the basis of the
navy's peace time strength, Mr.. Roose-
said that unless the salary revision
is obtained the navy faces the awk-
ward choice of retaining large num-
Der of officers against their will, with
subsequent discomfort and dissatis-
faction, or accepting the designations.
Annapolis graduates have been trained
at a government expense of more
than $4,000 each he said, and even
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
Strike in Nashville
Suspends Car Service

NASHVILLE, Tenn, August 21-
Street car service throughout the
city was entirely suspended today as
a result of the strike of conductors
and motormen of the Nashville Rail.
way and Light company which began
last night at s o'clock The company
attempted late last night to operate
few cars with non-union employees
but the cars were attacked by union
sympathizers and the effort was
quickly abandoned.
The strikers demanded reinstate-
ment of all employees discharged for
joining the union, return of union men
to their old runs and recognition o.
the right of the men to organize
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
Native Hawaiiians Greet
Arrivals of Daniels Party
CBy Associated Press)

HONOLULU, Aug. 21-Ancient Ha-
wall. through the sons and daughters
of its warriors welcomed Secretary
of the Navy Daniels and his party
and the officers and men of the
dreadnought New York which arrived
here today. The Hawaitans, attired in
native costumes. greeted the Secre-
tary and his party when it landed. AS
the visitors came ashore they passed
between columns Of warriors carry
ing spears.
Rear Admiral Albert NJ. D. McCor-
mick underwent an operation for APP
pendicitis at sea last Monday, it be-
came known when the dreadnought
reached here. His condition was re-
ported as dangerous.
Apprentice =. T. Smith of Chicago
was crushed to death aboard the New
York by the swinging of 14-inch gun
turret
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
PROMPT ACTION
PROMISED RAIL
men BY hines
Entire Question Reviewed in
Conference With Wilson
Decision Due Next Week.

; WASHINGTON, Aug. 21.-Early &C.
ton to settle unrest in the ranks OF
railroad employees who have been de-
manding new wage increases was fore
cast Wednesday.
After lengthy conference with the
representatives of the six shop crafts,
Director General Hines went to the
White House to discuss with President
Wilson the problems facing the rail
road administration. While no an
inouncement was made, it was under
stood that the entire question was re-
viewed, including the obvious neces-
Esity for an increase in rates or another
Congressional appropriation to provide
funds for any wage advances that may
be made since the administration has
this year, due to the falling off in bust
ness and the higher cost Of labor and
materials.
! Leaders Give Reasons
| Mr.. Hines promised the shopmen's
leaders that he would give careful con-
sideration to all the facts presented
and would endeavor to reach a final
decision in the near future, indicating
that he will order into effect any
changes in the wage scale without re-
Herring the demands to q board for in
lvestigation. The shipments demands
were presented in the spring to the
board Of railway wages and working
conditions. which took extensive testi-
Fmony and then divided evenly for and
against an increase. Delay in acting
lon the demands eventually resulted in
the recent unauthorized strikes in
many sections Of the country.
Leaders OF the shopmen, outlining
the reasons for their demands, said
that they did not rest primarily on
the increased cost of living, although
that was a contributing factor, but
were based on the proposition that
the wages of railroad shopmen ought
to be more in line with wages for
similar work in other industries.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
Chimes In Phone Are
Succeeding Noisy Bell

ALBANY, Aug. Fl. It's come,
girls! No more Of that harsh clang-
ing telephone bell. The newest in
telephone styles is chime-like at
tachment to replace the discordant
tune of the present telephone alarm
which jars so on ones aural nerve.
Charles M Van Heusen, president
of the Van Heusen Charles company
Albany, jewellers, has perfected de.
vice to be attached to the telephone
which gives warning very similar to
muffled church chime tone. And it
can be heard farther than the present
alarm and is not at all discordant.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
HIGHER PAY FOR NAVY men URGED
TO MAINTAIN SERVICE EFFICIENCY

though other candidates might be OBJ
tanned in the future to take their
places, it would take years to train
them.
More designations are now on file
than had been received from the en-
tire navy in the last thirty years
Since 1898 the average has been seven
a year. Among designations now a
waiting action are those of more than
rs officers of the line, 191 doctors, 25
chaplains, a score of supply officers
and nine naval constructors.
Mr. Roosevelt said similar claim OF
low salaries applied to warrant officers
non commissioned officers and enlist
ed men and that only legislative &C
ton can solve the problem. He eX
poets to submit recommendations tC
congress next week.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
Monaco Prince Determines
Location of Ocean Mines
fBv Associated PresS)

PARIS, Wednesday, Aug. 20-Calcu-
lations by the Prince of Monaco on
the direction in which floating mines
we're drifting in the Atlantic are con-
flrmed as accurate by the director of
the meteorological service of the
Azores in a letter published here to-
day.
The prince, who is an authority on
oceanography, gave his calculations to
the Academy of Sciences on December
so, 1918. A map showing where mines
have been found in the north Atlantic
from November, 1918, to April II, 1919
is submitted by the meteorological d1-
rector Of the Azores to prove the
princes calculations.
The map shows the mines have
spread to the north, south and south
west of the Azores and are floating
toward the coasts of England, France
and Spain. Navigating directions
given by the prince are said to be the
safest now available for the Atlantic
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
Bath Tub Lining Carried
OFF By Thief With Taste

BRISTO, Tenn, Aug. 21.-Thieves
entered the residence of Capt. Walter
Graham recently at Springsville, Va,
while the family was away, and cut
the copper lining from the bath tub,
and carried it away, it is believed, for
the purpose of using it in the manu-,
facture of a still.
A rain barrl was also missed from
the place, and on the same day a farm
er living near Grahams had a large
copper kettle stolen. The combina'
ton, copper kettle, rain barrel and
bathtub lining, is believed by the
officers to have gone into a moonshine
diStilling plant
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
Britain Asks Data on
u. S. Aerial Service
(By Associated Press)

| CLEVELAND, O., Aug. 21-That the
american aerial service is attracting
international attention is indicated by
the receipt of letter from Winston
Spencer Churchill, British air minister,
to John A. Jordon, superintendent Of
the Cleveland-Chicago division, in
which the minister seeks all possible
data on the system. The letter has
been forwarded to Washington.
The letter includes data on British
air systems and points out that Great
Britain is seeking every possible meth
I'd to improve and develop aerial
ravel.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
BUILD NEW DORMlTORY

OXFORD, O., Aug. 21.-Miami uni
versity trustees have decided to erect
the new dormitory for girls, recently
authorized by the state emergency
board, on the girls athletic field, op-
posite the campus, instead Of on the
campus This ground was purchased
about two years ago, and has thus far
no improvements on it. Later, prob
ably next year, it is proposed to erect
another dorlnitory, exactly like the
first one, on the other end of the field !;
then the girls gymnasium will be
erected between them. Work on the
new dornitory will be begun next
week. County Commissioner A. D.
VanAusdall, whose term Of office ex-
pires Sept. 1, has been chosen super
intendent Of construction.
Opera glasses which reduce instead
of magnify have been deSigned,
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-21
PART OF LABOR IN
H. c. |. IS ASKED
(By Associated Press)

WASHINGTON, Aug. 21-President
Wilson is asked in a resolution intro
duced today by Representative Carss
of Minnesota, to furnish such informa-
ton as may be in the possession of
the federal trade commission which
will identify the proportion that labor
cost forms in the total cost of pro
duction Of coal, steel, copper, meat
canned goods and other necessities
The resolution was introduced al
the request Of the National Federation
of Federal Employees, which announc
ed that the information would effect
ually dispose Of the vicious fallacy
that labor costs represent the chic
item in the increa sed cost OF living.