davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-12-24
Bankers Confer i'm
Effort TO Av ert
I.R. I. Receivership
Collateral Loan Only Way of
Raising S4,OOO,OOO Need.
ed to Meet Interest: MUIR
ply Hopeful of Outcome

The problem of averting a receiver
ship for the Interborough Rapid Tran
sit Company on January was dis
cussed in the financial district yester-
day by the directors and later among
bankers at the offices Of J. p Morgan
& Co. To avoid bankruptcy the com
pany will need approximately $4,000
coo.
Grayson NJ. Murphy, vice-president
of the Guaranty Trust Company and
chairman of the committee acting for
the protection of the Interborough Met
ropolitan Az per cent collateral trust
bonds, announced after the days con-
ferences that no definite arrangement
had yet been made for meeting the
trst Of the year payments. Should the
money be raised, however, it was
learned that it Will be through the
medium of collaterally secured loan
with banks. There is no intention of
Offering Interborough securities to the
public.
One of the present tasks Of the bank
ers is to ascertain whether the Inter
borough can supply enough high grade
assets that will be satisfactory as col
lateral for a loan. The view was en-
tertained yesterday that the company
has sufficient "slow assets" to meet the
present emergency.
Commenting on the prospects for
averting a receivership of the Inter
borough on January l, Colonel Muir
ply said he was hopeful that the
money needed would be forthcoming.
He denied that there was any tangible
reason for believing that the company
would get an increased fare. but
New-York tribune., 1919-12-24
Investment
Information

In this department The Tribune aoiU
throtc the light Of such information
as is at ats command on the Unrest
memt problems of its readers. The
utmost care is uaod in the compita-
tiom and presentation Of such in
formation and ,Oe believe it to be de-
pendablc. But we wish especially to
emphasize to our readers the fact
that ncw developments Of such I'M
portance as to greatly change the
status of sccurity are constantly
taking place. Therefore, as matter
Of self protection, the investor should
make 1t q point to keep in close touch
with the affairs Of the companies
,chose securities he has purchased
and aoith general developments bear
ing upon the value Of such securities.
Constant watchjul1tess is the best
safeguard the investor can possibly
have.
Questions of general interest to
Investors will be GnsWered in this
column, an Which case only initials
actN be used. Others qciV be an
swered by mail Address oil in
quiries, inclosing stamped, ad-
dressed envelope to Financial Editor,
The Tribune, 154 Nassau Street, Nero
York City.
New-York tribune., 1919-12-24
toreIGn Govt. end Municipal Bonds
Unterest to be Addedy

Bid ASKED
ans'o 'o--'rench Extern 5s 1920. 95as 95h
Argentine Intern IS. 1945.... To 73as
Oai'ac,. Dom Of os, 1871 ..... 91is 81
90 30 Observation-Disclosures. s3 1874
- 90 1854 ................... 911s 93
Chinese Gov Hu kug Ry 5s 1851 473s 4S
Cuba Extern 5s 1914 4...... sO5. g1as
do Extern 5s ser A, 1949... IS 81
do Extern 4l2s. i949. ..... rs rs
Ig.n.tlcan Rep a. l45S.... 81
City of Lyons l5-yr Is, 1884,. 92sh 921,
CIiy of Marseiies l5-yr 6s. 1884 92ss 92ea
ll,s of Bo9icaux l5->r Gs. 1884 Y2@s So
City of Paris SIS. 1921. i....... 92iA 92as
JAP Coy 4 ias sterling In. 1925. rs IS
DO '@s, "a ser, 1923. ....... IS 1874
do Is, sterling In, 1931..6S 6S II
City of Toxic 5s, 1852 56lA 81
K G < 5-yr 5l2s, 1921 VA 95ss
do 3-yr 5i2s. 1922. 90 90 y
do l0-yr 512s. 1923. 9........ 947s 95
do -O-yr o1as, 1897 S71, 87la
Mex Extern strl 55 Of 90 1915. 35 475s
20 L..-ern so.d is OF '04. 1854 Ala
New-York tribune., 1919-12-24
Cotton Statistics

Yesterday Last wk. Last Vt
Port receipts.., Al GA Al 63s 80 93s
Exports l2,tT9 e.637
Exports season. 2,5le,4l1 236s.4i5 1,7l6.7sl
n Y. stocks.. 6l.l29 62,762 1853
Port stocks. 49,. i ,6o2,342 1,546SsS 1,427.70f
Int. receipts. 33,s6l 2T.306 2S 073
Int. shipments. 2l.726 1851 IS. 1853
n Y arrivals. 1913 3.993 10.05s
Liverpool cables--Spot cotton quiet at Ia
noints advance on the basis OF 2s.s4d fc'
q Imports 81, 900. Amercan merle ooo Future. a'uDS
opened quiet at decline of 20 s points
Closed steady at a net advance OF 22 points
to decline OF points. Dec. 1850; Jan
PASS: March 1851 May. 21e6; July
20.75; Oct 1880. Manchester-Yarns firm
cloths in good demand.
Cereals
Wheat-The wheat market was easier
No. l Northern spring in Minneapolis de-
clined sc per bushel. making a net los.
of l0c during the last two days, Tht
Southwest waa ALSO easier. and prices IL
Chicago were to 'loc lower. The trade
WAS somewhat at q loss to explain thu
action Of prices In the face OF the strength
New-York tribune., 1919-12-24
Int Mer Marine 6s
Commodities
Cotton


The cotton market remained compare
lively quiet and showed further irregu-
larity yesterday. but the undertone was
steadier II anything, owing to the streng tn
or Liverpool the absence of spot pressure
and disposition to look for favorable
peace treaty developments or an improv-
ing trade demand after the turn Of the
year March contracts were relatively
frm, selling up to 34.9S and closing at
I'm ~ ,te con ] pansd With VT S4,57 on Monday.
net advance OF ; to 81 points.
The market opened steady at an advance
el II 70 20 points in response TO relatively
eng and prices eased off TO about last
nts ny closing figures right after the CALL
put Liverpool was buyer and the mar
ket soon turned steadier.
Reports that Japanese interests were
huNins grades above middling in the
Southeast at a high basis the continued
lief that the scattering long interest In
futures had been pretty We'll closed out
factors on the advance which carried the
active months about 25 to 40 points net
higher. Later fluctuations were somewhat
itres u!ar as result of realizing, but the
close was within a few points of the best
Private cables attributed the hrnness
of Liverpool to covering by recent sellers
there. and the Liverpool buying around the
local ring was supposed to represent a
further reduction In straddle accounts
OlI"rNtS' business WIS COnSilereQ largely
in the way OF further pre- holiday evening
up. although there was a little domestic
trade buying on declines and scattered
Southern hedge selling on advance
Most OF the private advices received
here from the South Indicated seasonaby
quiet spot markets. with prices firmly held,
and it was commented upon around the
ring that the usual pre- holiday liquidation
OF spot cotton had been very little in evil
dence this year. Exports for tho day
were 1859 bales. making 2.519.411 SO far
this season. against 1.716,78l last year.
Southern spot markets as officially report
cd were unchanged to 4e points higher.
the advances being in tho Southwest.
New-York tribune., 1919-12-24

: The business which control
. has averaged net profits of
: about $4,000 a year for the
Z past six years. 1t is probable
8 that can greatly increase
!. this by becoming associated
with a Banking House capable
. Of underwriting bond and
. stock issues up to SIS, 100000.
. One wishing to secure a man
. of experience and judgment.
. having a wealthy clientele ad-
.. dress B., 416 Tribune Office.
laIaH ulnlulI@ HEllD DHH1 IEHn nhHn nlau uEsn nglEf
New-York tribune., 1919-12-24

unlisted. tsells cents . share,
New-York tribune., 1919-12-24
COUPONS AND DIVIDENDS
American Telephone & telegraph Co

Ihlrty-Year Five Per Cent Collateral Tru.t
Gold Bonds
Coupons from these Bonds. payable by
their terms On December I. 1918. NJ tn. ONCE
OF agency OF the Company in New York. or
in Boston. Will be paid in New York by the
bankers Trust Company. is Wall Street.
G. ID. MILNE Treasurer.
New-York tribune., 1919-12-24
Adams Express Securities

Question: have been trying for
some time to obtain information about
the Adams Express Company's stock.
but without success. AT the time |
acquired the stock it was selling at
over 200. 1t is now quoted at about
SO and has not paid dividends for some
years. Would you hold this stock or
dispose of 1t at the present figures
| also hold Adams Express per cent
collateral bonds They are selling
around 55. Would you continue to
hold these bonds or let them 20 at the
present figure? Any information YOU
can give me Will be very much appre-
ciated. B. T. ".
Answer-All the express companies
suffered greatly when the parcel post
was introduced and naNc na- as vot
recovered. Adams Express, like the
American and Wells Fargo, has valu-
able assets outside its express bust
ness, but these assets are largely locked
up under the two collateral trust issues
of bonds, while the Americans and
Wells Fargo's are free. The stock ap- m
pears to have discounted the situation,
but We greatly doabt if the express
companies Will again enjoy the pros
perity of the past. The bonds are as
good as any other we'll secured col
lateral issue and offer at present
prices very good yield.
Southern Railway
Queston-Will you kindly let me
know what you think Of the prospects
Of dividend on Southern Railway
preferred? | do not see an thing about
this railroad recently in the financial
columns of the newspaper The last
dividend was paid June 30. l919.-W. p.
Answer--Based on the report for
nine months ended September 30,
1919, Southern Railway earned nothing
on its preferred stock against 29O2
per cent for the year 1918. The guar
anteed return is equal to 9.55 per cent
on the preferred and 2.77 per cent on
the common. The earnings are very
bad at present, for the net after taxes
and rentals from January to Septem-
Der 30 was S7,016,567, against S22,817,-
TT for the correspond period in
1918. While Southern Railway directors
may declare a dividend on the pre-
ferred stock, it is doubtful if anything
will be done until they determine what
kind Of treatment the carriers will
receive from Congress.
New-York tribune., 1919-12-24

in rye, but there have been evidences of
late of mpch less active demand for
-four. and this is undoubtedly being re-
fected in a falling off IN the demand for
cash wheat.
y, rnrthermore vn ihcIaaa reqsipts at MinneaD polls
This is said to represent the movement
Of wheat from the Southwest which was
recently sold by tho Grain Corporation to
week, which undoubtedly marks general
distribution of government wheat. may
nave had some bearing on prices.
Another feature in the situation is in
creased offers of wheat from the Areen-
tine Sales of this kind Of wheat during
the last ten days have amounted to about
q million bushels. and il is believed that
there Will be quite large business if
ocean tonnage can be obtained. On the
other hand, there has been some export
inquiry for wheat recently from France
which resulted in sales of close 10 a million
6ushels, and it was said yesterday that
Great Britain was making inquiries.
Corn-The corn market was nervous and
feverish. but during the greater part Of
the day prices were substantially higher
than the final Of Monday. Reports OF large
export sales of oats and rye and soule
pessinistic reports from 'he West on the
car situation. were the principal support
The cash demand. however was slow
and late In the day the market reaci ed
er to asc net lower. The movement ap-
pears to be picking up somewhat and
II ls generally conceded that the future
" Wy ma t-St i.iisfS llv.' va t'sPVi -
uon facilities than on the actual supply
and demand situation.
Argentine corn was offered in a mod
crate way. but scarcity OF both sail and
steam tonnage served 10 check business.
The range OF prices follows
Yesterdays Previous Year
New York: close. close. ago.
Corn. No 2 yel. sl.S4% sl.7Oa. sl694
January 1861. 1868 lsa4
May. 1887 lsS4 l.S5 y
Oats-The oats market was firm early
and prices worked UP l to IA on quite
active buying, prompted by reports of
export sales of about 100000 bushels. part
late on Monday. Longs We're active sell
ers on the advance. and late in the day
New-York tribune., 1919-12-24

thought that before the July |. 1921
interest requirements fell due devel'
opments OF constructive character
might take place.
New-York tribune., 1919-12-24

Four full columns OF Unrest.
nent questions and ar,sloers
are published in The Tribune
erery Sunday
New-York tribune., 1919-12-24
unchanged at 1926 for middling.
sales were reported.
The range of prices follows;

Southern spot tmarkcts--Galveston. steady
unchanged at 41.75c: sales 1850 bales
New Orleans quiet. unchanged at 40c. sales
271 bales. Mobile nominal at 3sc. sales.
nil Savannah steady unchanged at 39c :.
sales 1.045. Baltimore nominal, un-
changed at SOC; sales nil Augusta
steady. unchanged at 3s,5Oc; sales SO bales
Memphis steady unchanged at 40c: sa les
$50 bales. St. Louis steady. UNCHANGED
n. 40c, sales, nil Houston steady 25
points higher at Ale; sales. 1878 bales
Little Rock steady. unchanged at SOC
sales. bales. Dallas steady. 40 points
higher at 40. CSC sales. 2,4S0 bales. Forth
Worth steady. 40 points higher at 4o90c :
sales 21I3 bales
New-York tribune., 1919-05-09
BusebuIZs at Loan Rally
Bring $1,000, 900 Each
Rockefeller, Morgan and Hartman Subscribe 49,
100000 for Notes Or Autographs of Mathew
son, Fletcher and Doyle at Sub-Treasury

entertained the crowd, Hazel Dawn,
Gail Kane and other stage stars spoke
and sang. General Peppino Garibaldi,
of the Italian army, and "Big Bill''
Edwards, also spoke.
Victory notes totalling $6,720 900
were sold at n meeting in the Bankers
Club, 120 Broadway, yesterday noon.
A. B. Hepburn, president of the club,
presided.
Two German helmets were auctioned.
The American Exchange Bank started
bidding for the first at $1,000,0OO and
eventually captured it for something
over $5,000,000. James Mitchell, of the
Alabama Power Company, got the sec
ond with subscription Of $1,0O0,0O0.
Miss Kathryn Lee sang for subscrip-
tions Major Guy T. Viskniskki, who
was editor of "The Stars and Stripes"
the newspaper of the a. E. f., spoke
briefly.
A statue dedicated to Belgium will
be unveiled at se Customs House this
noon, in the pl4ce formerly occupied by
the figure of "Germania." The cerc-
mony will be the occasion for Victory
Loan rally, in which veteran Belgian
army officers will participate. Belgian
war relics will be distributed as prizes.
Two Belgian machine guns, with dog
teams which drew them, will be exhib-
itcd. A group of Belgian girls, in
costume, will sell Victory notes, under
the direction of Mrs. Marie Matthew
Richter.
New-York tribune., 1919-05-09
36-Hour Rally for
Victory Loan to Set
Record for Drive
From Noon To-day Until
Midnight Saturday Times
Square Will Be Scene of
Continuous Plea to Invest

For thirty-six consecutive hours, be-
ginning this noon, an uninterrupted
Victory loan rally will be held in Times
Square. Speakers, actors, musicians,
soldiers, policemen, magistrates, cler
gymen, tanks, trucks and German can
non will unite to put across the last
meeting of the campaign. Bands, work
ing in relays, will play continuously.
The central setting for the meeting
will be the Argonne Forest stand at
Forty-third Street, but the rally will
extend over the entire neighborhood.
Among the speakers will be the fol-
lowing:
Charles E. Hughes, who will speak
at $3.50 o'clock tonight; Gypsy"
Smith, the evangelist; Bob Cannefax,
the billiard expert; Colonel Reginald
l.. Foster, of the SD Pioneer Infantry;
Chaplain r. B. Ogleby, Deputy Police
Commissioner Frederick A. Wallis, Po-
lice Commissioner Enright, DR.. Thomas
Travis, DR.. Charles T. Bayis, Ensign
"Tod" Cam, first sailor to receive the
Congressional Medal of Honor; General
Ballington Booth, of the Volunteers of
1N'ici I'D, OONclHOi tOl1lIIIl, benjamin
Strong, governor of the Second Federal
Reserve District; Abram L. Elkus, for
mer United States Ambassador to
Turkey; former Governor Whitman,
Senator Edward j. Bowling, former
Controller William A. Prendergast, Ole
Hanson, Mayor of Seattle; Big Bill"
Edwards, Collector of Internal Reve-
nue.; Jeff Davis, "King of Hoboes"; Su-
preme Court Justices Robert F. Wag-
ner, Edward r. Finch, Victor j. Dow
ling, former Justice Morgan J.
O'Brien, Misha Appelbaum, Postmaster
Patton and Sheriff Knott.
Among the stage artists who will
turn Times Square into big cabaret
show between l and a. m. tomorrow
morning will be Bee Palmer, Pat
Rooney, Van and Schenck, the -Four
Mortons, Wellington Cross, Craig
Campbell and Jennie Hussey
Those who are still out of bed at
a. m. tomorrow morning will see $50
members of the Outdoor Activities Di-
vision of the Loan Organizations
Speakers Bureau parade around Times
Square, led by a band and a thirty-ton
tank. Patrolman "Mat" McGrath. the
hammer thrower, will be grand
marshal.
New-York tribune., 1919-05-09

John d. Rockefeller, J. P. Morgan
and j. W. Hartman each paid mil
lion dollars to get baseball yestcr-
day. The balls, autographed by Christy
Mathewson, Arthur Fletcher and Larry
Doyle, were given as prizes to buyers
OF Victory Notes at rally on the
steps Of the Sab-Treasury in Wall
Street.
Fourteen million dollars worth of
notes were sold at the meeting, which
was attended by $4,000 persons. So
rapid was the bidding for the base
balls that those In charge of the meet
ing lost control of affairs and pre-
arranged plans went awry. Even be-
fore the financial giants began the COM
petition "Big Bill'' Edwards, Collector
of Internal Revenue, announced ten
subscriptions of S5OO,a00 each. He
also brought II. subscriptions from
friends and business houses which to-
tailed S5,424,400.
When Mr.. Rockefcller's offer of a
million for a baseball was reported to
the meeting all the balls had been
given out. The leaders appealed that
some smaller buyer give UP his prize
and for three minutes there was no
response. Finally young man, stand
ing on the steps of the Morgan Bank,
decided that a million for Uncle Sam
was worth a personal sacrifice and
threw in the ball.
In addition to the ballplayers who
New-York tribune., 1919-05-09
New Baby, Pigs, Calf and
Poison Keep Stowe Busy
Winsted, Conn.,, Father Plans
24-Hour Sleep After an
Eventful Night

WINSTED, Conn, May 8.-Burton f.
Stowe, farmer of New Hartford went
to bed at 10 o'clock this morning with
the announced intention of sleeping for
the next twentyfour hours.
Last night his small daughter found
bottle of laudanum on the medicine
closet and drank it. A physician, sum
mioned in haste, said the child must be
kept awake. Stowe walked the floor
with her most OF the night, his work
being made doubly difficult because
In the midst Of it his wife presented
him with further addition to his
family, and his JOY over this happening
was further complicated by tumult in
the barnyard which proclaimed
That calf and a litter Of pigs had
been born, and in the jealousy of
motherhood the SOW had attacked the
calf, so injuring IL that the services of
a veterinary were required.
That vas why, this morning, after
determining that mother and baby and
little daughter and COW and sow and
calf and piglcts were all doing we'll.
Burton Z. Stowe hurled the alarm clock
through the window before settling
himself for siumber
New-York tribune., 1919-05-09
500 Girl Sailors
Parade for Loan
YeOm0nettes Reveal Per-
ection in Close
Order Drill in March

Speakers at the Way were Edward s
Mosher, grand master, independent Or
Rows of blue skirts, stretched from
curb to curb, swung jauntily up Fifth
Avenue yesterday. They belonged to
five hundred girl gobs, known officially
IN the navy as "Yeomen CD" whose
parade was one of the prcttiest sights
of the Victory Loan campaign.
They marched fully as we'll as the
companies of marines and sailors
which followed them. All along the
line, from Washington Square to Forty
fifth Street, the crowd cheered them.
When, approaching Forty-tfth Street,
they narrowed their front with a neat
right by squads" and returned to n
column Of platoons with an equally
pretty cleft front into line, double
tlme," the crowd waved wildly in an
preciation.
One hundred Of The yeomanettes
came from Washington under Ensign
). L. O'Neil. The remainder came from
the supply department Of the BROOKLYN
navy yard and the feet supply base in
South Brooklyn. When they reached
Forty-flfth Street they turned east into
victory Way and passed in review be-
lore Rear Admiral James H. Glennon.
commander of the Third Naval district.
Services In celebration of Navy Day
were then held. Rear Admiral J. H.
Mccain spoke on the long distance
telephone from Washington. After the
ceremonies German helmets were
awarded as prizes with all purchases
of $4,000 or more in Victory Notes.
Earlier in the day group of frater-
nal societies, including the Elks. Free
masons, the Knights of Pythias, Wood
Red Men of America, knights of Co.
lumbus and Odd Fellows, took posses
sion of Victory Way. Wearing pic
turesque insignia and uniforms, they
marched up Fifth Avenue from Madi-
son Square. Turning east on Forty fifth
Street to the Way. George Hopkins.
exalted ruler Of the Elks, who was
chairman of the exercises, said it was
the first time the fraternal organiza-
tlons of New York City had ever united
IN a single procession and meeting.
der of Odd Fellows; General Balling-
ton Booth, Of the Volunteers of Amer
ica, and J. j. O'Donnell, of the KNIGHTS
of Colunbus.
Speech Heard from Plane
wireless telephone message from
an alrplane soaring over the East River
was transmitted to the crowd at Vic
tory Way during the ceremonies by
means of the loud speaking telephones
installed there by the American Tele-
phone and Telegraph Company. Chief
Observer f. Hanna spoke from the
plane, which was piloted by Ensign H.
c. Hutchinson
81 am travelling at 100 miles an hour
and the going is fine" Hanna told the
crowd. Representatives of the tele-
phone company replied to him.
The exercises on Victory Way Sat-
urday night, the closing night of the
campaign, will be conducted by Ukran-
lans of New York. There will be
parade from the Ukranan settlement
IN East Sixth Street to the Way. fol-
lowed by speeches in Ukranian and
English. ''''N
New-York tribune., 1919-05-09
Residents of Both Precinct
Give Dinner for Capt. Carrar

A testimonial dinner to CAPTAIN
Patrick Gargan, of tbs West 127th
street police station, was held last
night In Pabst'g 1z5th Street res
taurant by residents of the 3eth
Precinct, over which Captain Gargan
has had command for the last ten
years The dinner also celebrated the
tbirty-cighth Anniversary OF his en-
trance 20 the department.
George w. Becker was chairman Of
the committee of arrangements, and
DR.. j Gardner Smith, chairman Of the
Harlem Board of Trade, was toaat-
master. Among the speakers were
Dock Commissioner Hubert, the Rev.
John Cotgan, police chaplain, Rabbi
A. Blum and Magistrate Frederick
Gxcehl.
New-York tribune., 1919-05-09
Smith Signs Bill to
Test All Auto Drivers
Governor Hopes Knight-Whee-
lock Measure VIII Make
City Safer

ALBANY, May g. Governor Smith
signed the Knight Wheelock bill to.
day, saying he did so 'in the belief
that l am helping to make the streets
of the City of New York safer for the
public The bin provides that every
new motor car driver in the City Of
New York must pass an examination
and satisfy the examiners of his ability
as driver before obtaining license.
it does not apply TO those already
hoiding licenses which have not been
suspended. however Their licenses
will be renewed without any examina-
ton. Nor does the bill apply TO any
part or the state except the City OF
New York. Governor Smith expressed
the nope that the next Legislature
would extend the provisions Of che acs
to the rest OF the state.