davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-05-13
Bars Rise lOc an Ounce;
to $l.2l; Approaching
Famous ''l6 to - Ratio
Silverware Market Hit
ID callers Withdraw Their
Price Lists Pending the
Stabilization of the Metal

Commercial bar silver sold in the
New York market at the highest price
reached in twenty-eight years when
sales of small lots of the metal were
made yesterday at $1.2O and $121 an
ounce, an advance of to 10 cents an
ounce from the closing quotation of
Saturday. The last time silver sold at
$1.21 an ounce was in 1891.
At the close of the day Handy G.
Harman, one of the leading bullion
firms in the country, quoted bar silver
officially at $1.19M cents an ounce, up
cents. Silver metal around it's pres
ent level is within less than 10 cents
an ounce of the, figure at which the
silver content of the American silver
dollar is worth a dollar. The price at
which silver metal must sell to make
the silver in the dollar worth dollar
is $12929, which makes good the ia
nous ratio of Is ounces of silver to
l ounce of gold.
Soaring in London
silver in this market yesterday follow
ing a striking advance in the closing
days of last week, was reflex of
spectacular developments in the Lon
don silver market where, with the re-
moval of all governm entail restrictions
on the metal, prices have scared.
In the absence OF detailed cables
from London yesterday dealers were
without specific information on the un-
oerlying causes of the great appre-
citation in the market value of silver,
although the opinion was expressed by
an important interest in the trade that
furious speculation in silver is de-
veloping in London.
An interesting aspect of the local
market situation that has developed in
the last twenty-four hours has been the
growing disposition on the part of
prospective buyers to hold out Of the
market in view of the sensational char
acter of the advance. At the same
time sellers are more willing to DISPOSE
of their stocks.
Representative silverware manufac-
turers have withdrawn price lists on
all their product pending the stabiliza-
ton of the silver situation. They de-
clared yesterday small orders could be
accepted at prices last quoted, but that
it was impossible for them to make
quotations on quantity purchases, be-
cause of the unsettled condition of
the silver market.
Plate Up 10 Per Cent
Many of the makers of plated silver
ware adopted a new price schedule
Saturday, with quotations 10 per cent
above those Of Friday. With the con-
tinued advance of silver Yesterday
some tradesmen believed that Satur-
days action was premature and that
new and higher prices would have to
be determined by the manufacturers.
One Of the leading silverware man
ufacturing companies yesterday re-
ported that it had obtained some silver
at S1.20 an ounce and considered it,
self fortunate, as little of the bullion
has been coming to New York lately
because of the strike of express com
pany workers. The same company re-
ceived a quotation from bullion dealer
covering a large quantity of silver at
$1,23k. Silversmiths are several
months behind on delivery of orders to
dealers, and the present price soaring
OF the raw material has assumed serj
Gus proportions for them.
New-York tribune., 1919-05-13
$50,000,0O0 Issue
Of Generally Motors
Stock Is Offered
Syndicate Brings Out De-
benture Stock at 90; Pro-
ceeds for Investment and
Development of Company

To provide additional working
capital, the General Motors Corpora
ton announced yesterday the issuance
OF an additional $50,00O.OO0 of it's cum
ulative per cent debenture stock.
bringing the total outstanding up to
So5,3l5,O0O. The amount authorized
is $15O,O00,OO0.
A syndicate consisting of nominick
& Dominick, Montgomery & Co.,
Hayden, Stone & Co., and Laird &
Co., of Wilmington, Del, is Offering
the new debenture stock to the public
at go. The proceeds from the present
financing, it was officially announced.
will "be carried for the time being as
cash on the working capital accounts
OF the corporation, and later will be
invested along such lines as the di-
rec>ors may determine will best fur
ther the interests of the corporation
IN the growth and development Of it's
business"
Net earnings of the General Motors
Corporation for the first quarter of
1919, before taxes, were placed at s21,-
o26,o94, compared with $10,146 900, for
the corresponding period year ago.
In announcing the new stock issue
W. c. Durant, president, made public
for the first time the estimated
capacity of the General Motors plants
for the season beginning July /, and
ending June 80, 1920, as follows:
Buick, 100000 cars; Cadillac, 25,-
600 cars; Oldsmobile, 10000 cars;
Oakland, 10000 cars; Scripps- Booth,
1900 cars; Chevrolet, 100000 cars;
y. M. q. and other trucks, 10000;
Farm Implements, $4,000, making a
total of 652,000 motor vehicles and i'm
plements. The estimated production
of the Frigidaire division is 100000
refrigeratiug uachiues
New-York tribune., 1919-05-13
Markets Investments
Remick President of
Stock Exchange
Elected to Succeed Noble at
Meeting Yesterday; Silk
worth Heads Consolidated

William H. Remick, of Remick,
Hodges G. Co., was chosen president OF
the New York Stock Exchange yester-
day at the annual election. He sue
ceeds H. G. S. Noble, who has served
at the head of the board for the pas;
five years. Mr. Remick has been a
member of the exchange since January
ii, 1905, and for a number of years
has been active on different important
committees Of the board.
The other officers elected we're:
Warren B. Nash, treasurer; Henry X.
Pomroy, trustee of the gratuity fund
for term of five years; Charles NJ.
Newcombe, trustee for the term of one
year The following were chosen mem
bers of the governing committee:
Hamilton I. Benjamin, S. L. CROMWELL
). J: Danzig, Bayard Dominick, H. G.
5. Noble, Arthur j. Rosenthal, Newton
2. Stout, Arthur Turnbull, Richard
Whitney, Willis P. Wood, James c.
Auchincoss
W. S. Silkworth defeated ]. Frank
Howell for presiden: of the Consol-
dated Stock Exchange at the annual
election yesterday.
New-York tribune., 1919-05-13
Anaconda

The second largest silver producer
IN this country is the Anaconda, whose
output in 1917 was s,36S,1S0 ounces.
In 1916 it was 10,790,7O6, and in 1912
it made high record of 11,O14,737
ounces. The present copper curtail-
ment will, OF course, reduce the 1919
silver production, as the same ore yields
both metals. The ore averages about
81 per cent copper and 21a ounces Of
silver per ton. However, the stock
had already gone down, perhaps enough
to discount the slump in copper, and
this rise in silver is an unexpected
benefit. 1t should have a considerable
sentimental ntluence.-Wrenn Bros.
& Co.
New-York tribune., 1919-05-13
A Premium for the Notes?

The estimated oversubscription of
s1,5oo,ooo,ooo to the Victory Liberty
loan gives practical basis for the pos
sability of premium. This oversub
scr'ption, according to a Treasury
statement when the loan was an
nounced, will not be accepted. 1t is the
large subscriptions that will be cut
down. The rich have made the large
subscriptions. 1t is they who have the
most to gain by the tax exemption
features. Their subscriptions doubtless
largely represent subscriptions for
business reasons. With their demands
unsat'sfied, it would not be surprising
II they were to appear in the market
and bid the notes to premium. They
would buy the ~ per cent as we'll as
'ne "Ts' az they can at any time con
vert the former into the latter.
New-York tribune., 1919-05-13
Mark a. Noble Theodore c. Corwin
NOBLE & CORWIN
20 Broad ST. New York
4 Chase Nat. Bk. Borden's Com.
Bankers Trust Co. f. W. Bliss Pfd.
Telephone III Broad
70 Offer Stock of
Foreign Trade Company

An issue of 41,oO0 shares, of no par
value, of the Anglo American Commercial
Corporation has been purchased and
shortly will be offered to the public by
F. S. Smithers & Co. and Colgate,
Parker & 90. This is part of an au-
thorized issue Of 100000 shares, of
which 10000 are outstanding. The
corporation has been formed to acquire
all the property and business of the
River Plate Commercial Company, and
is engaged in international trade. Off
ces are maintained in Buenos Ayres,
Rio de Janeiro. Yokohama and London
The company owns the Compagnie
Commerciale Nord Americana, French
concern
New-York tribune., 1919-05-13
The Dollar in Foreign Exchange

French exchange broke sharply in
yesterdays market, closing at 6.21
francs to the dollar for checks and GIG
for cables. compared with GIT and 6.16
respectively on Saturday, thereby es-
tabllshlng new low record levels for
exchange on Paris. international bank
ers were at a loss to account for the
continued weakness of francs other
wise than French credits have fallen
due in this market and are not being
renewed, thus increasing the adverse
balance against France.
Sterling exchange displayed frmness
and cables closed at $4691h. Italian
lire eased off with francs. Neutral
exchanges were fractionally lower at
the close
(Quoted dollars to the pound.)
New-York tribune., 1919-05-13
Nashville, Chat. & St. Louis
Earned Sll.40 q Share i'm 1913

The Nashville, Chattanooga & St.
Louis Railway Company earned s11. 40
a share on the $16,0O0,0O0 outstanding
capital stock in 1918. The ANNUAL re-
port for the year shows Federal com
pensation amounting to $3,182, ,0S9. To
this sum other income of S155, ,53l was
added, making $3,337 500 total. In
terest, rentals, taxes, etc. were ST.
499,443, leaving net income of ST..
838,l77. In 1917 the company showed
net of $2,839,317. or $17.74 a share
earned on the stock. Dividends aggre-
gated 81, 100000. Surplus was $718,177.
New-York tribune., 1919-05-13
Royal Dutch

A Stock Exchange house yesterday
received this cable from London: "The
Shell Company announced proposed
increase in its capital to f23,ooOOOO by
the creation Of 100000 new ordinary
81 shares. Such a big increase was
not looked for. 1t was generally un-
derstood the Shell was acquiring 1000
600 Mexican eagles from Lord Cowdry
at &c, and that Royal Dutch was taking
100000 in the usual agreed propor-
tion of 40 and so per cent, respectively.
A much larger deal is apparently con-
templated than that involved by the
Mexican eagle, and the rumor that the
combine will buy an interest in Mexi-
can Petroleum of Delaware looks to
be not without foundation"
New-York tribune., 1919-05-13
When 1t Comes and Goes

The public is beginning to come in
and, to some extent, the position of the
market, technically, is weakened. One
cannot afford to be so indiscrimin-
ately bullish as three months ago, but
the market does not collapse with the
entrance of the public, but with it's
exit: In our opinion it will be a good
while yet before this takes place
Hayden, Stone & Co.
New-York tribune., 1919-05-13
Irving Trust Interests
Buy Sherman National

Interests connected with the Irving
Trust Company have purchased the
control of the Sherman National
Bank, located at Fifth Avenue and
Ihlrty-second Street. 1t is understood
that IN the near future con-
solidation of the two institutions will
take place, and that the business now
conducted by the Sherman National
Bank will be continued in connection
with the business of the Irving Trust
Company at the same address and un-
der the same general management
New-York tribune., 1919-05-13
War Department TO Sell
Equipment to Railroads

WASHINGTON, May 12.-Loco-
motive cranes, railroad cars and other
equipment to the value of $4,000 900
have been turned over by the War De-
partment to the railroad administra-
ton for sale to the railroads at mar
ket i prices. Included in the equipment
been declared surplus by the War
Department and about 1856 tank cars
New-York tribune., 1919-05-13
Sun Company OFFERING

Announcement was made yesterday
by by oMooontgomery & Co. of an offering Of
so,ooo;ooo Sun Company ten-year 6 per
and interest. The company's business
1t was stated, includes the production
refining, transportation and marketing
OF petroleum and its products in the
United States and abroad.
New-York tribune., 1919-05-13
Canadian Northern Offerino

William A. Read & Co. announced
yesterday that they were Offering an
issue of S7,500,000 equipment trust 6
per cent certificates Of the Canadian
Northern Railway at prices yielding
from Fs to per cent. The certih-
Gates are issued against new railway
equipment costing $1O,724,7O5, the
company making an initial payment of
$3,224,705, or 80 per cent of the cash
contract cost.
New-York tribune., 1919-05-13
Silver Metal

The price of silver has so gone up
that at yesterdays London quotation of
SD, nominal quotation in New York
of $121 an ounce, there is 81 cents
worth of silver in a silver dollar. If
silver were $1.29.29 an ounce, there
would be a dollars worth of silver in
silver dollar. That used to be
thought of as the maximum price, be-
cause if silver were to go above that
figure, people would take to melting
silver dollars and selling the bullion.
Dealers will not pronounce that
maximum price under present condi-
tions. But certainly, no matter what
the demand for the metal should be, it
would constitute at least what is known
in stock market parlance as ere
sistance point" Yesterdays nominal
quotation was the highest for silver in
London since 1877, and the highest in
New York since 1890, at the time Of
the silver purchase act.
New-York tribune., 1919-05-13
The Markets
The Stock Market

There was no great abatement of ac-
tivity yesterday, but, except for the
rise in the silver stocks, the market
was irregular. The decline in the oil
shares, starting Saturday, was contin-
ued, though not as violently; trading il
them was more quiet. The market so
far has indicated that the reactions
may partake of the same nature as the
rise. When the advance began it was
not in the whole list but in special
groups. Strength in Steel common and
other steel shares was based on the
argument that the collapse of the fixed
price controversy may lead again to
purchasing movement in steel metal.
Francs fell to 6.22 to the dollar, new
low level. comparing with the low price
during the war of 6.o9h in 1916.
New-York tribune., 1919-05-13
Divid end s
Regular Declarations
SO New Ships Delivered
10 Shipping Board i'm April

WASHINGTON, May 2.-Shipbuild
ing this year has continued the fast
pace set during the war The Shipping
Board announced to-day that from
January l to May Z American yards
turned out 20 steamships of 7Sl,9S0
gross tons, all except thirty-nine of
winch were Of steel construction.
April was the banner month. the total
deliveries being ninety three ships Of
320,2S0 gross tons, an increase Of 57.-
600 tons over the record set last Octo
ber.
New-York tribune., 1919-05-13
Silver Stocks

Anaconda, posing as a silver stock,
yesterday advanced Az points. Among
the other silver producers are Ameri-
can Smelling and Refining, which gained
points; Cerro de Pasco, which added
2%; Ontario Silver, which rose ~, and
United States Smelling and Refining,
which advanced 6as. There was the
usual curb accompaniment.
New-York tribune., 1919-05-13
Bank to Increase Capital

A special meeting of the stockhold
ers of the Fifth Avenue Bank will be
held on May 26 to vote on increasing
the stock from 100000 to $500, ,Ooo'
New-York tribune., 1919-05-13
Money and Credit

1aii money opened and renewed at
N per cent yesterday, the same figure
at which II had ruled ON Friday. but
New-York tribune., 1919-05-13

declined to ~ per cent at the close.
Loans on all-industrial collateral were
u of 1 per cent higher than this.
Time money is dull. 1t is offered in
limited amounts at per cent for the
shorter periods, but borrowers are bid
ding only 5a per cent for loans of all
dates.
The ruling rates for money yestsr-
day, compared with year ago, were as
follows:
Yesterday Year ago.
Per cent. Per cent.
Call money.
New-York tribune., 1919-05-13

rive 10 SIX months. oM@6
Bank Acceptances.-Rate were un-
changed yesterday.
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent.Per cent. Per cent.
Eligible
member
banks ...4h@4 414@4a 4h@4A
Eligible
non~mem-
ber banks.4A@4 4h@4l4 49a@44s
Ineligible
bank bills.5A@4Is 5I4@41s 54@4a4
For delivery within thirty days:
Per cent.
Eligible member banks. ..... 4Is
Eligible non-member banks $50. 4L2
Ineligible bank bills. s..
Bank Clearings.-Bank clearings yes
terday we're:
Exchanges. Balances
New York. :. ... $4444, ,112,257 $72,836, 1856
Baltimore .. 12,655.O94 5,8O5,5O3
Boston ........ 43,052, 2,O63 1926, 1875
Chicago ..... 91,796,O76 S,163,049
Silver.-London, no report available;
New York, $1.19&; Mexican dollars,
39c.
Sub Treasury - The Sub Treasury
gained $935,000 from the banks on Sat
urday.
London Money Market.-LONDON,
May 12.--Closing: Money 31s per cent.
Discount rates, short and three months
bills. 39s per cent. Gold premiums at
Lisbon, 105.OO
New-York tribune., 1919-05-13

Silver.-London, no report available;
New York, $1.19%; Mexican dollars,
39c.
New-York tribune., 1919-05-13

Sub Treasury - The Sub Treasury
gained $335,000 from the banks on Sat
urday.
The Elk Mountain pilot., 1919-04-24
MARK HEROES GRAVES

In the American Battle Area.-Four
thousand men Of the American expedi-
tionary forces are now engaged In the
registration of and search for the
graves of Americans who died In bat
tie. e..
The work Of seeking the resting
places Of American heroes Is being un-
dertaken by the section Of graves reg
istration, which Is directing Its eff
forts 90 as to be able to designate the
nave Of every American should con-
xress authorize the return Of the bod
les of the fallen.
Tireless seeking for Identification
fars marks the daily task Of the men
AZ the Rrorss registration section.
rhey set out on their solemn mission
equipped with pick. shovel and gas
mask. Sometimes they pry down into
the ground for the Identity of the dead
warrior, sometimes they ferret into
.he recesses of discarded dugouts and
sometimes they clear away the brush
II the forest to fnd some trace Of. the
victims of battle.
The Elk Mountain pilot., 1919-04-24
GUNMAN is WAR HERO

ders. "Nonk" was there. When the
gallant New Workers. swept forward
against the Hindenburg line-and
cracked it-"Monk" was in the first
wave. When comrades fell and stretch
er bearers were needed. monk" volun.
teered. When carried to a British hos
pital wounded in the head while lead
ing bombing squad into the face Of
machine guns, monk" escaped to
mount once more the firing step.
These and many more are the facts
recounted In the petition signed by
Col. Franklin w. Ward Of the One
Hundred and Sixth, by Maj. ]. Scott
Buxton and by Capt. James NJ. Con-
roy and Lieut.. Joseph A. Kerrigan,
Monks" immediate superiors. who
fought by his side on foreign soil.
The Elk Mountain pilot., 1919-04-24
JAILER's WIFE KILLS NEGRO
Saves Husband Msnaeed by RevoIvers
Of Two Prisonsrs Seeking
to Escape. $40

Holly Springs. Miss.-Attrncted to
the county jail here by the sounds Of
shots, Mrs. w. II. Jeffries. wife Of the
jailer. found her husband under fire Of
two prisoners seeking to escape.
She secured Jeffries' revolver frOsu
the office and, firing between the bars
in the Jail door, fatally wounded one
Of the men, a negro, and drove the
other, white, to his cell. where he sent
a bullet into his brain.
Jeffries entered the jnil to lock the
prisoners In their cells. closing the
door behind him. The. two prisoners,
each armed, confronted him and de-
manded their release. Although un-
armed. he refused and the men began
to shoot. Seven shots were fired Mt
him, but owing to the dim light the
aim Of the prisoners was poor and
none of the bullets took effect. The
arrival of Mrs. Jeffries put an end to
the one-sided battle.
The Elk Mountain pilot., 1919-04-24
THREATS TO sTARvE THE CITY
UNLESS THE DISORDERS
HALT.
PROPERTY IS SEIZED
eoLsHEvlkI RULE TO BE EsTAR.
LIshED BY SOLDIERS coUN-
GIL REPORTED.

Vienna, April 21.-Control Of Vienna
has been taken over by the soldiers
council. Quiet prevails, but commun-
izing of the property Of those unable
to resist has begun. 1t Is possible there
will be no change In the name of the
government. but 1t will be Bolshevist
In purpose. The situation Is much the
same as 1t was at Budapest IL few
hours after the radicals had taken con-
troll. The policing Of the city has been
taken over by the Volkswehr. The par
Lament building has been occupied by
two battalions of soldiers after repre-
sentatives of the soldiers council had
disposal upon the understanding that
the police would be dispersed.
The soldiers are commanded by Col.
Stoessel WINNER, who takes orders
from the soldiers council, which is
either socialIstIc or cOmmunistic.
Colonel Cunningham. in the name of
the allies, has issued proclamation
declaring that If there is further dis
turbance the food supply will be cut
off. For that reason serious trouble is
unlikely.
Two demonstrations were started
during the week, the outgrowth of sew
eral communist meetings which were
lightly attended by Austrians One of
these meetings took place at the war
office, when the Austrian republican
flag of red and white was pulled down
by small crowd and n red flag run
up In its place.
1t is significant that the outbreak
happened at the time of the visit OF
Joseph Pogany, reputed to be the rul-
Ing chief of the Hungarian communist
government, and other Hungarian Of
ficials, who are said to realize that II
will be impossible for their plan to
succeed without the Austrian aid.
Pogany. ir an interview which was
printed locally, declared that the
Americans favored the Bolsheviki. He
pointed out that Americans already
had furnished food to Budapest, but
did not state that the food was sold
by the Americans to the KnrOlyi gov
eminent, or that, in view of having re-
ceived the money, they delivered the
goods Notwithstanding the existence OF
the communist government.
The Elk Mountain pilot., 1919-04-24
New York Bad Man Returns With
Fine Record.
Commanding ohFieers Ask That citl-
xenship Be Restored to "Monk"
Eastman.

Camp Upton, N. Y.-"Monk" East
man, gunman. notorious leader Of gang
sters who once terrified New York's
East side, now is Private William De-
laney. veteran, back from France with
an enviable war record. He was hon.
orably discharged from the One Hun
dred and Sixth infantry and within a
few days there will be forwarded to
Governor Smith a petition signed by
his commanding officers, asking that
he he restored to citizenship.
Monks" life history Is the story Of
"come back" In the old days he
was an opium addict. burglar. creature
Of the slums with ever a gun" on his
hip. In 1917 he finished term for
burglary and in October Of that year
enlisted, no questions asked.
Into war. which has made heroes out
Of towards. strong men out Of weak.
went Monk" When the Twenty-sev-
enth division took Its place in Flan-
The Elk Mountain pilot., 1919-04-24
HE GOT THE GEORGES MIXED
Baseball Expert Evidently Had Some
thing to Learn About Prominent
Men Of the World.

A former pitcher now In the defunct
Northwestern league. who sought
peace and quiet in a Seattle shipyard.
was discussing the war and kindred
topics during a breathing spell one
day. This hurler is well known for
the speed and "stuff'' he gets ON the
ball. and II not credited with more
gray matter than the law allows.
This latter circumstance possibly ac-
counts for his end Of the following
conversation:
This war sure has changed things
around some." opined the ball player.
"How now" queried his friend.
''Well. you take England. for In
stance. England always had king
until short time ago."
"What's the matter7 Some one take
. shot at King GeOrgeT
"Why no, not that. They just don't
call him King George any more. Least
wise the only thing You see in the pa
pers these days is Premier George"
The Elk Mountain pilot., 1919-04-24
Artillery Very Important.

NEUTRALITY-SUSPICIOUS. evidence Of
the tremendous importance Of artillery
in modern warfare, shown by official
records of the War Department, has
been made public. The average rounds
fired monthly, according to these fig
ures, Increased from $3.50 in the Cri-
mean war to 12,71O.O00 in 1913. In
1884 the entire union forces expended
1,95O,O 600 rounds of artillery ammuni-
ton, while in 1918 the combined Brit
ish, French and American batteries
shot 10O,615,OOO rounds. In the same
period, the approximate number Of
rounds per gun per day has increased
from four in 1851 to thirty-five in
1918