davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-06-04
The Markets
The First Real Reaction

Inc market yesterday suffered the
hrst reaction worthy of the name in
four months. Net declines ranged from
, to 17% points in the more active
issues. Prominent among the de-
clines for the day was one Of 6a4
polnts in American international Cor
poration, in Chandler 5 in Crucble
Steel. m General Motors, in Max
we'll Motors second preferred, 1213 in
Mexican Petroleum, IN in Nova Scotia
Steel, 17As in Studebaker, 8 in Indus
trial Alcohol and 2ts in Steel common
There were also declines of more than
2 points in Atchison and Union Pa
citic. But even this gives no true
picture of the market, for advances in
the early trading continued with the
same abandon that had characterized
those Of Monday afternoon. Following
ere some comparisons Of the high and
low prices of a few shares during the
day: American Woolen, 1870 to 10;
Atlantic Gulf, 16S to 100; Baldwin
Locomotive, 1O724 to 102; Central
Leather. 1862 to 90; Chandler Motor,
2l1 to 191; General Motors, 225A to
215; Pan american Petroleum., 1O3M
to 95 Y; Studebaker 123% to 1O5; In
dustrial Alcohol, l641a to 1856; Steel
common. l0o% to 1061s Cotton broke
SO bale. Most of the selling came
from stock operators, possibly in an
attempt to secure cash to protect stocl.
margins. 1t was the first two-millon
share day on the Stock Exchange since
December, 1916.
New-York tribune., 1919-06-04
What Call Rates Mean

A high call rate is not in itself suf.
hclent to curb speculation or restrain
rising stock market. The rate en-
dures for only one day, and even if it
continue borrowing money at 10 per
cent is cheap when you can make the
profits on the loan such as have been
made IN the course of the last four
months. The real restraining influence
is the shortage Of funds, of which the
rate is merely a symptom. If the stock
market actually cannot obtain the
money to carry on its margin specula-
ton, activity must be restrained per
force. In 1918 rates were prevented
from going above per cent by the
action of the money pool, but there was
frequently shortage of funds. Before
the institution of the Federal Reserve
system 10 per cent call money during
a single session would hardly have at
tractcd more than passing notice
Under the Reserve system it is in
frequent, and more apt to indicate a
real MONEY shortage Outside of the
stock market itself, one of the reasons
given for yesterdays money tghtness
was that it was The first day on which
Victory Loan allotments in excess of
$4,000 can be paid for in full The
payment is optional, not compulsory
but banks may have been calling in
loans against probable Withdrawals
for this purpose by depostors
New-York tribune., 1919-06-04
Offers Cuba Rail Bonds
National City Company Brings
Out Sl.l5O,OOO Issue

The National City Company an
nounced yesterday an offering of ST.
10000 Cuba Railroad Company first
mortgage per cent bonds at 88, to
Yield $50 per cent. This bit of financing
is the first attempted in the American
market by foreign railroad since the
war, and for this reason it's success
was regarded with more than usual in
terest in investment circles. Hitherto
the company has done it's financing for
the most part in the London market.
George Fl. Whigham, president of the
road, in a circular to the bankers,
stated that the company operates 658
miles of standard gauge railway, the
main line of which forms the eastern
portion of the through route traversing
the island of Cuba from Havana to
Santiago During the ten years to
June 80, 1913, the company's gross in
come averaged approximately two and
three quarter times the fixed charges,
and interest on the first mortgage
bonds, of which S13,170,0O0 is out
standing, was earned more than three
times.
New-York tribune., 1919-06-04
Gold and Credits

The announcement that $50 900 900 in
gold would be sent here from Great
Britain via Canada, and the actual ar
rival of about S6 900 900 were curiously
coincident with decline in sterling
exchange, though there was a later
recovery. Bankers generally do not
approve of the receipt of further gold
in this country, arguing that We have
too much gold already, and that gold
aids imitation. A stronger objection to
its receipt is that the amount Europe
could possibly send US would be abb
surdly inadequate to balance the pres
ent exchange position. All the gold
produced outside of the United States
IN the entire year of 1913 does not
equal the balance in commodities in
favor Of this country in April alone.
1t is considerations like these which
have spurred bankers to see the i'm
mediate necessity of foreign credits
and to take the preliminary action
which they did yesterday.
New-York tribune., 1919-06-04
Bankers Plan Bic
Organization to
Finance Europe
Appoint Committee of Five
to Survey Situation After
Meeting in Morgan Offices
Country to Participate

Americas combined banking re-
sources are to be drawn upon in
financing Europe's reconstruction
needs, and machinery for utilizing
these funds will shortly be devised
after the peace treaties have been
signed.
The first definite step toward the
organization cf a nationwide associa-
ton of bankers to formulate plans for
taking care of Europe's credit needs
under the reconstruction was taken
yesterday when the heads of twenty
of the leading banking houses in New
York held long conference at the
Offices of J. P. Morgan & Co.
At the meeting a committee of five
bankers was appointed to take up at
once the matter Of the extension OF
foreign credits in mprehensive way.
The committee, it was stated, will make
. careful survey and study OF the in
ternational situation, both from the
financial and economic sides, and re-
port back later to the central group.
Similar banking groups will be
formed in other important financial
course of time a definite programme
will be adopted which will deal with
the international credit situation as
whole rather than in parts.
According to the bankers, it is
planned to give the great industrial in
terests of the country place in the
general programme, thus bringing about
a close coordination between the bank
ing interests on one side and the pro-
ducing interests on the other.
SO far no definite plans have been
adopted, the discussions yesterday hav-
ing been broadly general in character,
being more in the form of an informal
consideration of the problems involved.
When the newly appointed committee
has had time to complete its survey,
it is expected that its report will be
followed by immediate action in the
way of the formation of a national
banking group.
While the Federal authorities have
so far taken no hand in the preliminary
organization steps, Washington will be
kept fully informed as the interna-
tional banking programme takes form.
Credits advanced by the bankers to
the European countries will, in all
probability, be made ependently Of
the government, although they will
have the sanction of all the govern
ments interested.
1t is expected that the European
countries in need Of credits in this
market will organize banking commit
tees of their own to work in harmony
with the American syndicate. fur
her development that is not i'm
probable, according to the bankers,
would be the formation of an interna-
ional finance commission composed of
representative bankers of all the coun-
tries interested.
"If Europe is to buy our products
and raw materials for reconstruction
purposes" said a banker yesterday,
who is taking a leading part in han
ding the international credit problems,
we must stand ready to extend large
credits Whether the total amount
needed will be one billion, or three
billions or five billions of dollars, no
one, of course, knows
New-York tribune., 1919-06-04
Ten Per Cent Again

Following the first warning signal
of 10 per cent call money after the
close of the market on Monday loans
were renewed yesterday at per cent
but ov o'clock the rate had risen to
10 per cent on mixed collateral and
u per cant on all-industrial collateral
Several million dollars were loaned at
this figure. The National City Bank
at about this time ordered about S.
o0O,Oo0 to be loaned at 6 per cent, but
when this amount was absorbed it was
found at the end OF the day that mixed
collateral loans were at per cent and
all-lndustrial loans at 10 per cent
This is the highest rate since the 10
per cent quotation during the week of
July 2S. 1917, and the IS per cent
figure of December 8, 1916. 1t
is noteworthy that these previous
high rates came just at the culmina-
ton cf bull markets. From an aver
age price of 104 in December, 1916
thirty industrial shares fell to SO in
February, 1917. From then came re-
covery to "a in July, 1917 In that
month came the 10 per cent rate, and
the average price broke to about 70
in November, 1917
New-York tribune., 1919-06-04
What Export Figures Mean

Exactly what is and what is not in
cluded in the figures of our export
szadc at present published by the De-
partmcnt of Commerce have never been
officially and publicly stated. 1t is the
understanding Of bankers who have
made an investigation of the matter
that the statistics include shipments
for the use of the army and navy
abroad and for Belgium, if such ship
ments are carried on any vessels save
those engaged in the transport service
and war vessels. Transports and war
ships are not required to clear through
the Custom House, and the Custom
House has, therefore, no record Of
their cargo. This is also applicable to
relief shipments to other countries
such as Serbia
New-York tribune., 1919-06-04
California Pet Earned $4.45
A Share in First 1919 Quarter

Report Of the California Petroleum
Corporation for the, quarter ended
March 81 last, discloses gross earnings
amounting to $1,137,664, which com
pare with $853,466 for the correspond
ing period Of last year. Operating ex-
penscs aggregated $32O,O52, leaving
$S17,612 net. A reserve of $64,079 was
set aside for Federal taxes. Surplus
of $550,248 was equivalent to $4.45 a
share earned on the preferred stock.
New-York tribune., 1919-06-04
Ahe Dollar in Foreign Exchange

Sterling exchange rates declined
sharply for a time in this marhc;
yesterday but recovered most of the
loss after the announcement of the
receipt Of s6.3oo,oOO in gold bars
shipped from Ottawa to New York for
the account of the British government.
Demand sterling closed at $462h and
cables at s4.6314.
French exchange was easier again
on Increased offerings, while rates on
Italy declined further The neutral
exchanges were comparatively steady
Quoted dollars TO the round.>
New-York tribune., 1919-06-04
Loans

Even if loans exceeded the previous
high figure, there would be no imme-
date cause for alarm, for the simple
reason that the basis for the loan
structure is immensely broader than it
was three years ago. We venture the
assertion that before the climax is
reached the loans themselves will cor
respondingly exceed the figure Of 1916.
Hayden, Stone &, Co.
New-York tribune., 1919-06-04
$8,0O0,00O
Central of Georgia Railway Company
Ten-Year Six Per Cent. Secured Gold Bonds
June land Decem
due June l, 1929
crest payable June ! and Dece

Georgia Railway Conpanv 1 a,
May 27 1919 follows ~ 'N
cat GeG Rn Company hs.
on Vek nd
US s is,s % d cnt al ] % n!aaesy 3 the s js
% % s5s on s% GE es~.g ems ce9s: & % the
value 1 SIX qYs P c Six nf s Gss' G SG Bond; a %
- oe"'A' OF o0fsA
est & prime principal o2 the will inter
ns oPsty Of the Ocean
sees fa 1 eS Usos s %
Ts' the Hnu. ssd
only o0o o0"'
reported by u RaIroaAd x...u..
p pay o he Company ~ ~~~~@
f sS @ f9 and
This &
- GA A-0o0A'"
ndepecate edvaue xceedhe
Pending the engraving bonds
" 0'"0a ooa oono on
OF which obtained from either ~ ~
The undersigned offer
accrued interest to date of delivery
KUHN, LOEB & co.
New York. June 19l9 THE NATIONAL CITY co.
HI the appears as matter Of ,,,s %
New-York tribune., 1919-06-04
Ex-Germar Navy

The American market is selling ex-
German navy. This country will have
an opportunity to do business under
conditions Of security which have not
been equalled in this generation-Gil
lespe, Needs e. Co.
New-York tribune., 1919-06-04
The Bears Day

Tuesday IS reaction day. has been
busily redeeming its ancient rcputa-
ton. The greatest reaction last week
was also on Tuesday.
New-York tribune., 1919-06-04
Time for Prudence

We feel that the time has come
when prudence cannot be cast to the
winds. Spencer Trask & Co.
New-York tribune., 1919-06-04
Wealth-Market ets-Investm ents

Nickel National Conduit, Railway
Steel Springs and Rumely preferred
look attractlve.-E. w. Wagner e. Co.
New-York tribune., 1919-06-04
Money and Credit

Following the rate late Monday
afternoon of 10 per cent, call loans
on the Stock Exchange yesterday
opened and renewed at per cent,
but at o'clock this had risen to
10 per cent for mixed collateral and
II per cent for all-industrial. The
rate closed at per cent for mixed
collateral and 10 per cent for all
industrial. This figure has not been
cquallcd since December 1917.
Time loans show no appreciable
change.
The ruling rates for money yester-
day. compared with year ago, we're
as follows:
Yesterday Year ago
Per cent Per cent
On mived collateral 5
On indus. collateral 6I2 sc
Time money (mixed collateraD:
Sixty days .,....... .534@6 6
Ninety days 5a4@6 6
-Four months ..... .534@6 s
Five to six months 5a4@6 s
Bank Acceptances.-Ra Rates were un-
changed yesterday as follows:
Thirty Sixty Ninety
Spot de- days. days. days
livery: Per cent Per cent Per cent
Eligible
banks 4s@4 4I4@4ls 4A@44
Eligible
non-mer
Der banks4A@4 4A@4I4 4aa@4Is
Ineligible
bank bills.54@4I2 5l4@41a 5A@424
For delivery within thirty days:
Per cent
Eligible member banks. ........ 4fTs
Eligible non-member banks 49,. 4Ta
Ineligible bank bills 6
Bank Clearings.-Bank clearings yes
terday we're:
Exchanges Balances
New York ... $1,0o6,327 $66,325, ,28e
Baltimore ... 16,509,1O5 5,179,881
Boston ....... 78,836,129 12205,314
Chicago ..... 109,6 9,693,249 8,050,21A
Philadelphia :. 73,6e2,475 14,443, ,So6
Silver.-London, 5Sasd; New York
S1.0912; Mexican dollars, S4MSsc.
SubTreasury. The Sub-Treasury
gained $1,372 600 to the banks on Mon
day.
London Money Market-LONDON
June Closing-Bar silver, SO Is pei
ounce. Money 3 per cent. Discount
rates, short bills, 3as per cent; three
months bills, 31s per cent. Cole
premiums at Lisbon, 1900
German Bank Statement t-BERLIN
via London. June 3.-Thc statement of
the Imperial Bank of Germany, issued
May 23. shows the following changes
| lin mark
New-York tribune., 1919-06-04
Market Opinion
Walt

Wait
We considera waiting attitude to be
the proper one at this tme.-E. +.
Hutton 4 Co.
New-York tribune., 1919-06-04
A Change in Attractivcness

NHHHKe III AttIHCt1VcncBB
Rubber and tire issues are high
enough for the present. But there are
number Of relatively low priced spc-
cialties that msy be taken up any time
now. Among these, international
New-York tribune., 1919-06-04

German Bank mcnt.-BERLIN,
via London. June 3.-Thc statement of
the Imperial Bank of Germany, issued
May 23. shows the following changes
Gn marksl.
New-York tribune., 1919-06-04
Bank Clearings.-Bank clearings yes

Silver.-London, 5sasd; New York
S1.0912; Mexican dollars, S4MSsc.
Sub-Treasury. - The Sub Treasury
gained $1,372 900 to the banks on Mon
day.
New-York tribune., 1919-06-04

London Money Market LONDON,
June 3.-Closing-Bar silver, 532sd per
ounce. Money, 3 per cent Discount
rates, short bills, 3ss per cent; three
months bills, 3h per cent. God
premiums at Lisbon, 1900
New-York tribune., 1919-06-04

Following are the official rates
quoted by the Anne rican Relief Admin
istration on exchange against the coun-
tries on which it has supervision over
all dealings:
Mount Vernon signal. (Mt. Vernon, Ky.) 18??-current, 1919-07-11
LOSS OF APPETITE.

As general rule there is moth.
ing serious about loss of appe-
tite, and if yon skip a meal or
eat two meals a day for a few
days you will soon have a relis h
for your meals when meal time
comes. Bear in mind that at
least FIVE hours should elapse be-
tween meals so as to give the
food ample time to digest and
the stomach a period of rest be-
fore a second meal is taken.
Then if you eat no more than
you crave and take reasonable
amount of outdoor exercise every
day you will not need to worry
about your appetite. When the
loss of appetite is caused by
constipation as is often the case,
that should be corrected at once.
A dose of Cham berlain's Tablets
will do it.
Mount Vernon signal. (Mt. Vernon, Ky.) 18??-current, 1919-07-11
Commissioner Sale

NARY A. A. PAINTER
AND OTHERsJ Plaintiffs,
VS.: Notice of Sale,
EARNEST NEwLAND
AND OTHERS, Defoneants
By virture of a judgment and
order of sale of the ROckcastle
Circuit Court rendered at it's
May term 1919, 1 will offer for
sale to the highest and best
bidder, on a credit of SIX months,
at public auction, at the front
door of the Conrt House in Mt.
Vernon. Rockcastle County. KY,
on Monday July asst, 1913. be.
tween the hours of eleven O'Clock
A. M. and three o'clock P. M,
the following described real es-
tate located in Rockcastle coun-
ty, Kentucky and on the waters
of Dick s river and bounded and
as follows:
Beginning at a white oak. cor
ner to the r. S. Martin five acre
tract; thence N. Sc w. i6 poles
to stone; thence S. w II poles
to a stone; thence S. SO E s.
poles to a stone; thence S. 3 w.
Is poles to a stone; thence S. SO
E. 6s poles to a stone; thence
N. I1H w. 98t poles to stone;
thence S. 81 E 50 poles to
stone; theme N. 3Ia w. 18a poles
to a stone at the County Road;
thence with said road as now To-
Gated Is poles to stake in said
road at the original line; thence
with said line S. SIT w. 37H
poles to the beginning and con-
tanning sixty-five acres more or
less, and is the same property
occupied by George Ed Painter
at the time of his death.
Bond with approved security,
payable to myself as Commission
err, bearing legal interest from
day of sale till paid. with lein on
the property sold and having the
force and effect of a Judgment
will be required of the purchaser.
G. S. Griffin,
M. C.. r. c. G.
Mount Vernon signal. (Mt. Vernon, Ky.) 18??-current, 1919-07-11
KENTUCKY

ROckcastle County is a law
abiding county. Its citizens are
patriotic in all things. To up
hold the law is a duty-The new
Revenue law provides that the
Tax payer shall come to the
County seat and give his list
between July 1st and October
1st-each year.
Don't be a Stacker. Uphold
the law. ANY one failing to COM
ply with this law, will be fined
not exceeding fifty dollars. 1
am asking you to come In on an
early date, before the weather
gets bad and before l am crowded
with work. My Office will be
opened from 8 a. m. until 5 p. IN.
c. T. SIGMON,
Rockcastle County Tax Com
missioner.
Mount Vernon signal. (Mt. Vernon, Ky.) 18??-current, 1919-07-11
Commissioner s Sale
ROCKCASTLE CIRCUIT
COURT.

ROCKCASTLE CIRCUIT
COURT
Martha B. F wler, in
div,dnally. and Martha
B. Fowler, Guardian,
etc. Plaintiff
VS. Notice of Commissioners
Sale.
Ivory Angli1, &C.,
Defendants
By virtue of a judgment and
order of sale of the Rock astle
Circuit Court, rendered at it's
May Term, 1919, in the above
styl, d cause. the undersigned
will on Monday, July 2Ist, 1919,
being regular County Court day
for said county, between the
hours of o'clock and a O'Clock
p. m, at the front door of the
court house in Mt. Vernon, KY,
proceed to expose to public sale,
to the highest and best bidder,
the following described tract OF
land, located in Rockca site Coun.
| ty, Kentucky. On Clear Greek,
and bounded and described as
follows:
Bounded on the north by the
lands OF w. A. Hammonds; on the
east by the lands of Henry Alb
ney; on the south by the lands OF
John Cope; on the west by the
lands of Spencer Abney, con.
tanning about 800 acres.
The two following tracts, how
ever, with the right of way as
herein set out, are excluded from
said boundary.
1st Tract. Beginning at e
stake on the top of a ridge in
Kizzie Hansberry's line; thence
running a straight line down the
hill to a sugar tree; thence to g
stone corner on the side of the
county rad; thence with county
road to the creek; thence with
the old creek bed, up the creek
to Kizzie Hansford's line, and
being the west side of the Johr
Anglin and Mary A. Anglin trac,
of land.
! and Tract. Beginning at {
stake in Henry Abnes's line, run
ming with a double mulberry a
straight line up the hill to a stake
in K. ]. Vests line on top of the
ridge, including the right Of way
over the land between Martha b
Anglin and others, and running
with Henry Abney's line to the
county road.
Sale to be made on a credit Of
6 months; purchaser will be re
CURED to give bond with ap
proved security for the paymen
of the purchase money. to have
the force and effect OF a judgment
bearing legal interest from date
of sale, with lien reserved OF
said land until all the purchase
Mount Vernon signal. (Mt. Vernon, Ky.) 18??-current, 1919-07-11
SUMNER COMPLAINT
QUICKLY RELIEVED

ssAbout two years ago when
suffering from severe attack OF
summer complaint, / took Cham
berIain's Collie and Diarrhoea
Remedy and it relieved me almost
instantly" writes Mrs. Henry
Jewett, Clark Mills, N. Y. This
is an excellent remedy for collie
and Diarrhoea and should be
kent at hand by every family.
Mount Vernon signal. (Mt. Vernon, Ky.) 18??-current, 1919-07-11
money is paid.
@. S. GRIFFIN,
Master Com missioner,
| ROckcaStle Circuit Court.
Commissioner 8 Sale
ROCKCASTLE CIRCUIT
COURT
HARLEY FLYNN, &C..

CHARLEY FLYNN, &C..
Plaintiff. |
VS.. Notice of Com missioner
Sale
DELTA HELTON &c, Defendants |
BY virtue of a Judgment and |
order of sale of the Rockcastle |
Circuit Court. rendered at it's |
May Term, 1919, in the above |
styled cause, the undersigned
will. on Monday, July 2Ist, 1919,
it being a regular County Court
day for said county. between the
hours of O'Clock and 4 o'clock
p M, at the front door of the
court house III Mt Vernon, KY,
proceed to expose to public sale,
to the highest and best bidder,
the following described tracts of
land, constituting one body and
located IN Brodhead, Rockcastle
County, Kentucky and bounded
as follows:
Ist Tract. Beginning at stake
in the line of the l. & N. r. Il.
Bo. 80 #. from the center of the
track; thence South with said
railroad line to a stake in John
Melvin's line; thence South with
said line to two dOgwoods and a
hickory stump near the corner of
the fence. also supposed to be ia
said Melvin's line; thence with
the east side of the fence to a
stake near said fence; thence a
short line to a stake, thence
another short line to large
beech stump in the bank of a
drain; thence crossing the cross
ing the drain to hickory and
sugar "trunk" sapling pointers;
thence with said bluff to the
bend of Negro Creek; thence up
said creek with the meanders to
the beginning. and said to con-
tain 10 acres, more or less.
end Tract. Beginning at a
stone in line of John Melvin. also
In line of right of way of Knox
vile branch of the L. & N. R. K.
Co.; thence with Melvin's line a
west course crossing Negro
Creek to a stone on or near the
side OF the county road on the
edge of the creek bluff; thence
with said creek bluff edge a
north east course, also with coun-
ty road to a stone in line Of said
railroad, also corner In the line
of Houk Bros. lots near Water
station; thence with line of said
railroad a south course to the be.
ginning, containing q acres, more
or less
| Sale to be made on a credit of
months; purchases will be re-
quired to give bond with approx
ed security for the payment of
the purchase money, to have the
force and effect of a judgment,
bearing legal interest from date
of sale, with a lien reserved on
said land until all the purchase
money is paid.
@. S. GRIFFIN,
Master Commissioner,
Rockcastle Circuit Court
Mount Vernon signal. (Mt. Vernon, Ky.) 18??-current, 1919-07-11

NOTICE TOTHE TAX PAYERS
OF ROCKCASTLE COUNTY:
Your tax for the year 1919 is
ncw due Please Call at my Office
and settle same. Respt
TIP LANGFORD. 3. R. c
Mount Vernon signal. (Mt. Vernon, Ky.) 18??-current, 1919-07-11
CHAMBERLAIN'S COEIC AND
DIARRHOEA RLMEDY.

This medicine always wins the
good opinion il not the praise of
those who use it. Try 1t when
you have need of such q remedy.