davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-10-19

as to whether the Capitol is to be an
honest-to- goodness motion picture
theatre. These rumors are undoubt-
eddy due to the fact that Ned Way
burn will stage "demi tasse revue"
% supp ement the pictures, and Arthur
Pryor has been engaged with his band
of seventy to provide an unusually
ambitious musical programme.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-10-19

will be no outcome for weeks and
weeks, until contracts are ready and
the producer has definite engagement
for this, that and the other player he
has studied in rehearsal At least
every aspirant will have fair hear
ing from the ex-aspirant, who once
suffered in comedy roles on a hot
Southern summer tour
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-10-19
African Films Reach New York

A consignment of film, representing
the first stage of the Smithsonian In
slituton- Universal African expedition
has been received in New York by
Harry Levy, managing director of the
educational department. 1t is said
that these pictures exceed in interest
anything of the kind that has ever been
done on the Dark Continent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-10-19
New Capitol With a Feature

70 open the Capitol Theatre with His
Majesty the American" the first Of
his pictures released by the big
Four" Marjorie Daw will be seen
opposite the star.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-10-19
Artists Celebrate Engagement
By Caricaturing Each Other

In celebration of their announced en-
gagement to be married, Bobby" Ed
wards has drawn his idea Of Clara
Tice and Clara has illustrated Bob
by's" finer points exclusively for The
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-10-19
Carroll McComas in Pictures

Carol McComas has signed con-
tract with the Famous Players. Her
first picture will be in support of
Robert Warwick in Somerset Maug--
hams Jack Straw" After thus try.
ing her wings she will fly to stardom
New-York tribune., 1919-05-15
Pacific Gas and Eleclric's 1918
Report Shows Prosperous Year

In the annual report of the Pacific
Gas e. Electric Company for the year
ended December 81, 1918, the record
gross earnings Of $22 ,595.5l6 were
shown, compared with Sl9,8l3,301 for
1917, an increase of $2,7S2, 1876. Opcr-
ating expenses amounted to $9,740,5 $40
After $2,S70.S41 for maintenance and
depreciation reserve and S336,C0O on
uncolectiblc accounts, net from opera
tion was $7,S65.lS7, or $906,496 larger
than for the preceding year. Bond
and other interest aggregated $4,117,-
066, leaving a S4.258,322 balance. Pre-
ferrcd stockholders shared $1,49O, ,463
in dividends, against $1,471,1O5 dis
tributcd the year before. Surplus was
81 $50, $40.
1t was pointed out in the report that
throughout the year the company has
been free from floating debt and has
conducted it's business on cash basis.
AT the close of the year there were no
unpaid obligations except current ac-
counts. There were on December 81
last, 8,242 stockholders, of whom 2,288
were women.
New-York tribune., 1919-05-15
Stock Exchange Elections

Peter j. Maloney, of Block, Maloney
e. Co., was elected a member of the
governing committee Of the Stock Ex-
change yesterday. Changes in the
standing committees announced were ::
Richard Whitney was elected to the
committee on arrangements to sue
ceed Dexter Blagden Edwin NJ. Carter
Henry E. Montgomery and William B.
Potts were elected to the committee
on admissions; Robert R. Atterbury
Winthrop Burr and Louis E. Hatfield
were elected to the arbitration COM
mittee; Dexter Blagden and William
7. Floyd were elected to the commit
tee on business conduct.
Arthur j. Rosenthal and Arthur
Turnbull were elected to the commit
tee on commissions; James c. Auchin-
closes was elected to the committee on
constitution: S. S. Prince was elected
to the committee on insolvencics; II
G. S. Noble was elected to the law
ocmmittee; H. T. Benjamin was
elected to the committee on quota.
tions; Howard Whitney was elected
to the committee on stock list.
New-York tribune., 1919-05-15
Curb Commission
Rates Increased
Outside Market Makes Advances
Ranging Up to 90
Per Cent

The New York Curb Market Assoca-
ton yesterday approved a new schedule
Of minimum commission rates at in
crcases ranging from 10 to SO per cent
over the rates previously in force. The
new rates are effective to- day.
On securities selling at 25 cents and
under so cents a share, and at so cents
and under 81 share. the commission
rate on stock bought or sold by persons
outside the brokerage business remains
unchanged at 2 per cent On securities
selling at 81 to So a share the commits
sion rate TO outsiders is increased from
$3.12 to S4 a hundred shares. On Sc
curtes selling at SO and under $5 the
new rate is $3.50, against an old rate
Of $5 a hundred. On stock selling at s.
and under $40 the new rate is $3.50
against an old rate of S6.25. A new
rate of S15 a hundred shares has been
established on stock selling 40 $40 and
under $l25. On stock selling between
$125 and 5000 and over tho new rate is
$40 hundred shares, against an old
rate of $3.50.
New-York tribune., 1919-05-15
"Tight Money"

The rate Of per cent maintained
throughout yesterdays market for call
loans on mixed collateral, and the bor-
rowing of about $2,O0O,OOO on all-in-
dnstrial collateral at the close at TX
per cent, may be taken as an indication
by some that the danger point has been
reached in the stock market, that activ-
ity has absorbed too great an amount
of funds, and that money is about to
become tight. Such a conclusion does
not fit in with the money situation A
better indication Of the money mar
ket is furnished by commercial paper,
which during the last week has become
constantly easier, and is now down to a
5 per cent level. The banks expect to
have a greater surplus of funds in the
near future than they have now.
1t is quite possible that the banks
have been maintaining call money at
relatively high rate, not because of
scarcity of funds, but because they
feel that the time has come for con-
seryatism in the stock market. A high
call rate in itself has a certain re-
straining effect. The banks are vitality
interested in the stock market, because
the security Of their Stock Exchange
collateral is involved.
New-York tribune., 1919-05-15
S4, 7O8, 1876, ,463 Life
Insurance i'm 1913
Ordinary Business Written by
223 Companies Shows $780,
830.O77 Increase

Two hundred and twcnty-thrce life
insurance companies in the United
States wrote ordinary business aggre-
eating S4.708, 1856 ,463 in 1918, an in
crease of S726,839 OF over 1917, accord
ing to the compilation of "The
Spectator" New industrial business
written by the same companies reached
an aggregate of $1,O76, 1896, an in
crease of more than S80OOO,0O0.
At the close Of 1918 the companies
had S24, 1887 ,845,010 of ordinary insur-
ance in force and $5,562 2OO,7O1 of in
dustrial risks in force, the increase in
the ordinary amounting to $2,267,02O
S13 and the industrial $454,93S,213.
Surplus funds of the insurance com
panies decreased more than $37,O00,OOO
in the aggregate against normal in
crease of $40,000,000. This was due
to the epidemic of influenza.
Premiums received by the COM
panies last year amounted to 81 ,0s1,-
492 ,533, an increase of $9O,251 1892;
total income 81 1885 ,s57 ,O15. an increase
of $87,739, ,493. Total payments to
policy holders were S711,146,578, an in
crease of $21, 1,231, ,796, compared with
New-York tribune., 1919-05-15
Offering Winchester
Arms Preferred Stock

Kiddcr, Peabody e. Co. yestcr-
day announced an offering of 10000
shares of the first preferred cumula-
tive per cent stock OF the Winchester
Company, which was formed to ac-
quire the stock Of the Winchester Re-
peating Arms Company. The offering
price is 96.55, to net 7.2b per cent.
Louis X. Liggett, Of the United Drug
Company, will be actively interested in
the new company.
Announcement was also made yes
terday that the Bankers Trust Com
pany, Bernhard, Scholle & Co. and
the Union Trust Company of Pitts
burgh have sold $2,5OO,OO0 Norfolk G.
Western convertible ten-year per
cent bonds. The bonds are convertible
at par into common stock of the COM
pany at the option of the holder.
New-York tribune., 1919-05-15
Steel Authority Looks
For Higher Rail Prices
Increase i'll Demand for Ship
Steel Is Also Pre-
dicted

Railroad buying before the end of
the year will be an important factor in
the steel industry, according to this
weeks issue of "The Iron Age" Com
menting on the railroad administra-
TONS request for bids on 100000 tons
of rails, this publication says there is
little expectation that bids will be made
at lower than SAT at mill for open
hearth rails, the stabilized price Even
higher bids are limited at in view of the
fact that $50 for Bessemer rails and
S52 for open hearth has been named on
a domestic inquiry for 2,75O tons in the
last week.
Both The Iron Age" and "The Iron
Trade Review find that the abandon
ment of the industrial boards price
stabilization plan is being hailed with
satisfaction. An increased demand for
ship steel is said to be foreshadowed
by President Wilson's cabled permis-
sion to the shipyards to accept con-
tracts for foreign account. British
yards have recently taken some large
orders for Norway.
The free swing allowed in the Brit
ish market since May l." "The Iron
Age" says, "has resulted in further
advances. Cleveland foundry iron,
quoted at S22 ton two weeks ago, has
now gone to $34. Makers are fully
booked to the end of June. Billets
have brought SOS a ton, or SIS above
the recent export price and Sill above
the British domestic rate. Tin plates
are $500 box, against the April price
of $780,"
Authoritative advices on the export
situation, according to 1.-THE Iron Trade
Review" accent the probability that
the best trade for this country in iron
and steel is to come from neutral mar
kets.
New-York tribune., 1919-05-15
Storms Ahead

"All signs fail in dry time," but, as
a rule, when the storm does come it
proves to be a rip shorter. Market
weather might be described in just this
way. By all the measures of markets
with which we are familiar a very
severe reaction is due. Untold mill
ions are being lost in absolutely fake
oil, coal, mining and other issues. In
the Stock Exchange market there are
pyramids galore whose base is become
very small in comparison with the su-
perstructure. Stop orders can no long
er be depended upon, for specialists
often will not take them at all, and
the books of buying orders on the way
down are said to be very light. The
whole world is factor in the present
market In dozen places, from Yer
sailles around the globe, there might
be sudden happenings to alter the
whole complexion of things.-Clark
Childs & Co.
New-York tribune., 1919-05-15
The Dollar in Foreign EXCHANGE


French exchange broke sharply again
yesterday, the Paris rate going to 6.35
francs to the dollar for checks and
6.3S for cables, new low record.
Italian exchange declined in sympathy
with francs, with lire checks closing
at 1852 and cables at 7S0.
Sterling rates we're also lower at
$4.65as for demand bills and S4662s
for cables. Renewal of weakness in
the leading exchanges at this time is
attributed by the bankers to normal
reaction from the unwarranted recov-
cry IN the exchanges of few weeks
ago. when there was sharp rebound
from previous lows, following the re-
moval Of all artificial restrictions.
Lately there has developed fresh spccu-
lative selling of both francs and lire,
(Quotcd dollars to the pound)
New-York tribune., 1919-05-15
Rail Executives to Meet

Members of the standing committee
of the Association of Railway Execu-
tives will meet tomorrow morning in
the board room of the New York, New
Haven T. Hartford Railroad. according
to an announcement last night by T.
De Witt Cuyler, chairman of the asso-
citation. This meeting will be followed
in the afternoon by conference of
the member-roads.
In view of the approaching session
of Congress and the expectation that
steps will be taken shortly after it
convenes to replenfsh the railroad re
volving fund it was understood that
the railway executives will sconsider
matters pertaining to the financial
needs Of the CARRIERS
New-York tribune., 1919-05-15
St. LOUIS Banks Merge

Three of the largest banks in St
Louis have consolidated under the
name of the American Union Third
National Bank, with capital of $lO,-
100000, a surplus of s5,O00,OOO and un-
divided profits of $5OO,O0O. The in
stitutions are the Third National, ST.
Louis Union and the Mechanics Ameri-
can National banks. The total deposits
amount to $121 900, and total resources
T56, 6,495,173. This merger will give St.
Louis the largest bank west of Chicago.
+. O. Watts, head Of the Third Ma
tional, will be president of the new
bank. The executive committee will
consist of Mr.. Watts, Walker Hin,
president of the Mechanics American,
and N. A. Mcmillan. president of the
ST. Louis Union. The bank will be
located in the present home Of the
Third National.
New-York tribune., 1919-05-15
Caddo Central
On the Exchange
Shares of Oil Company Ad-
mitted to Trading; Other
TisSinUs

The $15OOO,O 900 capital stock of the
Caddo Central Oil and Refining Corpo-
ration, recently underwritten by syn
dicate headed by Prichitt & Co.,
of this city, was admitted to trading
on the Stock Exchange by the govern
ing committee at meeting yester-
day. Previous dealings have been on
the curb market E. Kirby Smith,
president, in the listing application
stated that the company has eighty
four producing wells with daily
production of 1000 barrels a day.
Mr.. Kirby also announced that
$1,75O,OO0 has been set aside to build
a new refinery with a capacity of
5000 barrels per day. Net earnings
of the company last year were $705.-
734, compared with $555,455 in 1917.
Other lstings announced yesterday
were:
thousand additional first mortgage 5
per cent bonds of the Michi-
gan Central Railroad; s8,5oOOoo first
mortgage S per cent thirty-year
bonds and 1929 900 first mortgage
6 per cent forty-ycar bonds of the
West Penn Power Company; $780,,
600 Guaranty Trust Company certi-
fcatcs of deposit, representing thirty
year first. real estate and refunding
mortgage per cent bonds of the
New York Railways Company; $751;
900 additional per cent non-cumula
tive second preferred stock of the
United Drug Company; $3,000,00o
cumulative 7 per cent preferred stock
Of the Owens Bottle Company;
$1,294,20O common stock of the
Pierce Oil Corporations; $6,000,O00 ad-
ditional San Francisco terminal first
mortgage a per cent bonds of the
Southern Pacific Company; $5,400,000
additional a per cent bonds of the
Southern Pacific Company, and $14,-
Railroad.
New-York tribune., 1919-05-15
Japanese Banks
Seek to Prevent
Trade Collapse
Check ON Commercial Ex-
pansion Feared as Result
of Shipping Policy; Pro-
jected Merger Held Up
Ne,p York Tribune
WGshinQton Bureau

WASHINGTON, May IA report
from the Office of the War Trade
Boards representative in Toxic, re-
ceived here to-day, says, in part:
"The general depression in the Jap
anese business world continues, al
though signs Of steadiness in some
lines were visible during the latter
part of March,, However, the tone of
most Of the markets is nervous, and
the widest rumors of unfavorable
trade developments, principally from
overseas, are given credence and find
response In falling prices. Political
Japanese viewpoint, has proved any
thing but strengthening factor to
trade. Chairman Hurlcys statement
issued in America outlining the policy
of transfer ind future control OF
American shipping was cabled in full
to the Japanese Foreign Office by
Viscount Ishi in Washington. The
policy embodied in this statement was
viewed gravely by Japanese shipping
and foreign trade interests, and was
serious check to their future devel-
opment.
Banks Join Forces
"The policy of the banks has been
to join forces in an effort to avoid
collapse of business; accordingly they
refrained from closing private loans
already foated.
every possible step was taken,
however, by the banks to prepare
funds for the taxes. and also to be
prepared to meet the demand for
money at the turn of the fiscal year in
Japan, March 81. Now that this crit
cal period has passed without undue
incident, it is reasonable to expect
that there will be more optimism
shown on the part of business inter
ests IN Japan, and therefore we may
look for a healthier tone during the
coming months.
"Thc big projected shipping merger
which has been monopolzing the at
tention of shipping circles for the
last few weeks, judging from reports
from all directions, is at standstill.
The consummation of this huge mer
ger of shipbuilding yards and war
time steamship lines, with it's project
ed 100000 tonnage and 20,0O0000 yen
reports, is said to be dependent upon
the favorable response of the govern
ment to the demands made by the pro
moters for government aid.
Demands Called Extravagant
"Intervicws attributed to officials in
dcatc that, while the government is
disposed favorably to assist this new
shipping alliance, still there are a
number of cxtravagant demands made
by the interests back of the proposed
combination which must be moderated
before the government can decide
upon it's progress. A portion of the
press and many shipping men, particu
larly of the old established service,
assert that the combination will die
'a-borning' duo TO the halfhearted in
tcrest in the project shown by some
of the promoters, who, it is said, now
regard the proposed merger as a meas
urc to pull the chestnuts out of the
fire. for several of the large shipbuild-
ing companies loaded with new ton
mage. but built to order, which arc
seeking to capitalize this tonnage built
at wartime price to avert severe
losses"
New-York tribune., 1919-05-15

market has been discounting the event
and with its consummation would suf-
fer a. relapse. Paradoxical as it may
seem, it is not at all impossible that
both may be right; at least, to a linn
tied extent. No doubt, a good many
stocks have now scored most of the
advance that could be expected on their
prospects for sometime to come; on
the other hand, it is difficult to be-
lieve that this movement will come to
an end until others. which have Jagged
far behind, have also discounted a re-
vival of their business.-Hayden, Stone
& Co.
New-York tribune., 1919-05-15
Baldwin

Baldwin Locomotive shares reached
102 yesterday, and, after reaction to
99a4, were still up 7s of point on. the
day, in addition to its advance of 57s
points on Tuesday. Reports were
printed of consolidation of the Bald
win Locomotive Company and it's SUBJ
salaries, the Standard Steel Works
Company, the Eddystone Munition
Company and the Southwark Foundry
and Machinery Company, to be effected
before the close Of the current month
Emphasis was laid by traders on the
recent retirement of President Alba
Johnson, who is pictured as having al
ways stood for conservative financial
policy.
New-York tribune., 1919-05-15
w all Street Items

gold note issue. dated March /. 1919. is
being offered by Counselman Of Chicago to
investors at prices to yield from to 7.50
per cent The notes, mature serially from
May l, 1920. to MayN. 1929.
Robert H. Montgomery has been. elected
director Of the Sinclair Oil and Refining
Corporation, succeeding the late Theodore
Roosevelt.
Philip f. Gray has been elected treasurer
OF the Irving Trust Company.
w. l.. Conwel has been elected president
OF the Safety Car Heating g. Lighting
and J. A. Dixon was elected vice -pres-
dent. C. A. Austin and F.. +. Fitzpatrick
were elected members OF the executive
committee to nll vacancies Robert Bar
bour, G. A. Austin. A. B Hepburn. f. M.
Bullley, Henry Carse. w. l.. Conwell, j.
a. Dixon, f. f. Fitzpatrick, E. Gardner
r. Parmly. G. y. Pope, A c. Soper and
II. II. Wehrhane were elected directors
John r. Coffin has become associated
with the firm of Allan A. Ryan e. Co
Joel Rathbone, second vice president and
general manager OF the National Surety
Company. sails to-day business trip
to England and France. Mr.. Rath bone will
be absent for a month.
George F. Baker. Jr.. has been elected
a director of the General Electric Com
pany. succeeding the late s. l.. Schoon-
maker. and Charles Steele takes the place
of M. f. Wcstovcr. resigned.
8. w. Strauss e. Co. have underwritten
an Issue OF 100000 first mortgage serial
6 per cent bonds on tho Hopkins Boule-
ward Apartment Building.
Bernhard. schollc 81 Co. tho Bank
crs Trust Company md tho Union Trust
Company of Pittsburgh have sold tho
| $2,6oo,o00 Norfolk 6 Western convertible
ten-year 9 Dor .cent bonds, dated Hepteua-
! bsr Il 1e1ss and due September l. 1e2sa
New-York tribune., 1919-05-15
Back End Foremost

If this market were unique in no
other respect it would be so in the fact
that it began at the rear end and moved
to the front. Where nearly all other
bull markets have begun under the
leadership of STANDARD" stocks, the
steels and coppers and railroad and
other investment issues, and finally
ended by spectacular movements in
so-called specialties, this market began
with specialties and moved to the
standard stocks. That was cxempli-
fled again by yesterdays market.
New-York tribune., 1919-05-15
What Financing Needs

Public traders are taking profits
every day and switching into new is
sues that show signs of activity. The
technical position of the market, there
fore, seems to be good. You will note
that new securities are being offered
by various banking houses. There is
g considerable amount of new financ-
ing to be done and banking houses in
variably want a buoyant stock market
when bringing out new sccurities.-E.
n Wagner & Co.
New-York tribune., 1919-05-15
The Peace Treaty

The next test of the market will
come with the signing Of the peace
treaty. AS to this, there are two
schools Of thought; perhaps almost
equally logical: One that this will be
the signal for Industrial revival and
expansion that cannot help but stimu-
lste tho markets tho other that tha
New-York tribune., 1919-05-15
Francs New Low

Francs went to new low record for
the war period yesterday by selling at
6.37 to the dollar, compared with a
parity of 5.1S to the dollar. Among
the reasons suggested for the move
ment are the rate at which the Bank
of France is turning out paper cur
rency, the gradual Withdrawals Of
American and British troops from
France and the cessation of their pur-
chases, and reports of removal of
restrictions on imports to France.
New-York tribune., 1919-05-15
Higher Lumber Rates Asked

WASHINGTON, May 14.-Increases
in rates on lumber and other forest
products from Washington, Oregon.
Idaho, and Montana to Canadian dcs-
tinations were asked to-day in appli-
cations filed with the Interstate Com
merce Commission by the Northern
Pacific and Great Northern railroads.
New-York tribune., 1919-05-15
The Markets
Yesterdays Record

feSCerdayS Record
Transactions, 1.S72,900 shares.
Most active day this year.
Most active since 100000 shares
on February i, 1917.
Thirty-fourth million-sharc day this
year.
Twenty-eighth consecutive million
share day.
Tribune's average price of industrial
stocks reaches new high level for the
year.
Tribune's average price of railroad
stocks reaches new high level for the
year.
Gain in industrials since February
s, % points.
Gain in railroads since February 8,
6 points.
New-York tribune., 1919-05-15
Y yokohama Specie Bank
Capital Now lOO,OOO,OOO Yen

At special meeting held in Yoko-
hama on May 10 the Yokohama Specie
Bank decided to increase it's capital
from 4S,0OO,O00 yen (s24,OOO, ,0OO) to
1OO, ,0oO,O yen ($5o, ,ooo,OOo).
r. lchinomiya, manager of the New
York office of the institution, was
elected director.
New-York tribune., 1919-05-15
Cotton Comment

We believe the tendency of the mar
ket will be toward gradually higher
range Of values under the lead of the
new crop months, and we would con-
tinue TO favor their purchase, especially
during reactions.--S. B. Chaplin & Co.