davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-12-20
Outside Market
Continues to
Display Strength
General Asphalt One of
the Strong Spots; Active
Trading in Simms Pc
troleum Rights

There was strong tone to the curb
market most Of the session yesterday.
Urgent short covering appeared IN
many industrial and oil issues, while
some good buying for the lone. ac-
count was reported. Such ends of the
yearly liquidation as continued to come
into the market were easily absorbed.
One of the strongest features was
General Asphalt, which continued its
advance with rise to lit, later easing
off on profit taking. Simms Petroleum
continued firm, with an active turn
over, transactions in that issue amount
ing to $4,000 shares. The rights to
subscribe to the new offerings Of
Simms stock were actively dealt in at
a range Of as to Ga.
While Oil continued firm on an an
nouncemont that the company had pur-
chased twenty miles of 6-inch pipe,
which Will be laid from its tank farm
to its producing properties in the
Homer field in Louisiana. where the
company recently completed a 10000
barrel we'll. This will furnish an out
let for production already in sight in
this field
New-York tribune., 1919-12-20
Dividends
Extras

Battery National Bank--An extra divi-
dend of per cent has been declared in
addition to the regular sem-annual divi-
dcnd OF per cent. both payable January
to stock holders OF record December is.
Greenwich Bank-ENtrs dividend of 4
per cent in addition to the regular quar-
terly dividend of per cent has been de-
clarcd. both payable January to. stock
holders of record December 20.
Mc.Andrews & Forbes Company-An extra
diNidend OF per cent has been declared
in addition to the regular quarterly diVt-
dend of 2la per cent, both payable jan
uary IL. to stock holders of record Decem-
Der III. Tho regular preferred quarterly
dNidend of l p per cent also was declared
payable January II TO stockholders of
record December 81.
Parish Bingham Corporation-Extra div
adend OF 20 cents per share has been de
ciared IN addition to the regular quarterly
dividend OF rs cents. both payable January
~ to stockholders of record December 3j
pittsburgh Terminal Warehouse Com
pany--An extra dividend OF 75 cents has
neen declared in addition to the monthly
uNiueh" or 20 cents, payable December "a
ana January 10. respectively
rederal OIL COmpany-A quarterly divi-
siehd or per cent and extra. dividend OF
per cent. payable February 10 to com
1920. 49,
Fidelity Trust COmpany--An extra divi-
ceno OF per cent has been declared to
stocknoiders of record December %. 1918
IN addition to the regular quarterly diyi-
dend OF 2ia per cent.
keglll Declarufions
New-York tribune., 1919-12-20
Reserve Bank Gives
EMPLOYEES Salary Raise

Employees of the Federal Reserve
Bank of New York were yesterday
notified that they would receive
substantial increase in salary begin
ming January /, 1920, and that they
would also receive a special compen-
sation for the last quarter Of 1919 TO
offset the higher cost of living. Simi-
lar bonuses were granted in the nrss
three-quarters, but this one Is the
largest.
The salary adjustments are particu-
larly designed to help the clerks, but II
is understood that virtually every one
in the bank except the senior off1cers
will be affected.
New-York tribune., 1919-12-20
A Bull Argument on Oils

Professional traders have made
bull argument on all the oils out Of
the purchase by the American Interna-
tional Corporation of large block Of
stock in the Smms Petroleum Com
pany. This is the first venture of the
American International into the oil
industry, and the deduction the Street
made was that the company had
bought into Simms because it looks
for great future expansion in that
field of endeavor. Despite the devel-
opment work going on all over the
world some oil men predict short
age of petroleum before many years
if consumption continues to increase
at its present rapid rate.
New-York tribune., 1919-12-20
Bethlehem Steel Write-Ofs

According to a Wall Street estimate,
the Bethlehem Steel Corporation will
charge against earnings this year ap-
proximately $4,000, 600 for deprecia-
tion and amortization This compares
with s31,510,366 in 1918. The total
depreciation and amortization charges
for the four years from 1916 TO 1919
inclusive will approximate s93 900 900
After these wrte-offs and dividends
on the preferred and common stocks
it is estimated that the surplus for
the four years mentioned will be in
the neighborhood of $9O,000,000
New-York tribune., 1919-12-20
No Holiday Respite in Steel Trade

Because of the heavy demand for
steel products it is understood that
the leading manufacturers will elmi-
nate the customary suspension OF holi-
day operations. Current trade reports
indicate that the companies are far
behind in their deliveries. with no
prospects for catching up with orders
for many months to come An official
of an important independent yesterday
characterized the present as sellers
market"
New-York tribune., 1919-12-20
A Social CALI

William G. McAdoo's private secre.
tary. who returned to New York from
Washington yesterday. said that the
former Secretary of the Treasury went
to the capital on business and made &
social call on President Wilson. The
railroad question was not discussed
during the visit, it was stated. thus
Contradicting reports that the meeting
had been for the xepress purpose 0.
talking over the railroad problem.
New-York tribune., 1919-12-20
Harding to Meet
Bankers on Edge Bill

The passage of the Edge bill, accord
ing to views expressed by bankers
yesterday, marks the advancement a
step nearer the solution of the Eu-
ropean credit problem, but the crux Of
the problem is the attraction of the
funds of the investors If the Presi-
dent signs the bill and makes it become
law, the Federal Reserve Board will
be empowered to make necessary regu-
lations and rules.
It Is planned to have W. P. G. Hard
ing. governor Of the Federal Reserve
New-York tribune., 1919-12-20
Poles Lack Specie Laws

No definite monetary laws have been
enacted in the new state of Poland.
There arc several projects now under
consideration. Polish marks are in cir
culation in all parts of Poland except
what was formerly Austrian territory
(Galicia), where Austrian crowns are
still used. The Polish government is
endeavoring to evolve satisfactory
scheme for unifying the currency Of
the couttry. but no definite step in this
directidy has ret been taken.
New-York tribune., 1919-12-20
Elected Chairman
OF Chesapeake & Ohio r. r

At meeting of the board of direc-
tors of the Chesapeake & Ohio Rail
way Company and of the Hooking Val
Ley Railway held yesterday Frank
=, Irumoull resigned as chairman. II. II.
II II huntington was elected to succeed Mr..
Il rlrumDui!, effective January l. Mr..
Trumbull remains as a director and a
member of the executive committee Of
both companies.
New-York tribune., 1919-12-20
Replogle Interests to
Acquire Molybdenum Co.
Nanadium Company to Issue
$4,000 Shares to Com
plete Deal

Negotiations which have been under
way for some time looking to the pur-
chase of the Primos Chemical Company
by the Vanadium Corporation of
America are understood to have been
practically closed The chemical COM
pany is an important producer of
molybdenum. the principal alloy used
IN the new process of manufacturing
high-speed steel discovered by Profess
New-York tribune., 1919-12-20
Legal Tender Bill Passed

WASHINGTON, Dec. l9.-Gold GER
tiicates payable to bearer are made
legal tender under a Senate bill passed
to-day by the House and sent to Presi-
dent Wilson.
New-York tribune., 1919-12-20
ew York Tribune Inc.)

Board, meet leading bankers in New
York shortly after the tirst of the wear.
SO that workable policy may be de-
ttermined. The conference has not vet
been definitely arranged for any spc-
cific day.
New-York tribune., 1919-12-20
The Dollar in Foreign EXCHANGE

The net changes in rates on. the
European capitals were insignificant
yesterday. Sterling closed at the same
level as on the previous day, but
French and Belgian francs were
stronger. Lire were practically un-
changed.
Yesterdays rates, compared with
those Of a week ago, follow.
(Quoted dollars to the pound)
New-York tribune., 1919-12-20
Money and Credit

Call money conditions on the Stock
Exchange were firmer yesterday, and
although the opening and ruling rate
was per cent, the rate in the after
noon advanced to per cent Some
calling of loans by the banks was re-
ported, probably in preparation for to-
days bank statement. 1t was also
understood that the banks were reduc-
ing their loans at the Federal Reserve
Bank. The demand for money from
brokers was not to have been in ex-
cess of preceding days of the week.
The ruling rates for money yester-
day, compared with year ago, were
as follows:
New-York tribune., 1919-12-20
sor Arnold, of Sheffield University,

England.
The Vanadium company, of which
Leonard Replogle is president, will
issue about $4,000 shares of new stock
20 pc offered to present shareholders
at the rate of one share of new stock
for every three now held. 1t is under
stood the issue price will be around s45
a share. The money realized from the
sale OF this stock will be used to finance
the purchase of the Primos company.
New-York tribune., 1919-12-20

sUnli.ted. ts.lls cents per share.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30
Activities In Cyril Area
(SDeclaI TO The Ardmoreite)

Cyril Okla. Aug. 29.--Two wells In
the cyril pool arc showing production
these being the Keechi in the southeast
$40 and the Foster No. In the north
east of the northwest OF $50.
The Keechi around 1865 feet, Is drill
Ing into the sand and the operators are
bringing up oil every time they run the
bailer. They expect to have the drill
well into the sand some time this week.
The Foster hit n strong gas flow at
1875 feet, having about l0,O00O 900 feet
Of gas, which has been bradenheaded
preparatory to drilling into the oil sand
some so feet below. The gas sand in the
Foster was 20 feet thick.
Caddo No. .. the fields wonder shat
low well, on the Boew farm, is still
flowing around $50 barrels of oil daily
and shows no signs of possibility of u
decrease in production.
The Hawkeye oil and Gas Company IL
building the No. rig. just south OF
No. /. in the northeast of the northeast
of G.3.9.
Mckay Oil Company, effecting the
Gladstone and the Foster NO. l, IL drill
ing with rotary at 1000 feet in the
southeast of the southwest of 1863.
The Fortuna No. |, on the Hedrana
farm, in the northeast of the southwest
Of $500 drilling at the foot of the
mountain, is witnessing difficulty in
drilling through the hard formations.
They are drilling with Il rotary, but
lre making little progress. The depth
Df the we'll is now 500 feet.
At Central Producers No. I. in the
southeast OF the northeast of 1-5-lO,
ankage is being erected to care for
One 500 barrel tank has
,een filled mere, and tank with 1000
,arrel capacity is being constructed.
rhis companys Mo- is a rig just one
ocation south + n. /. They expect |
o spud in September /.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30
NEW BARRACKS At STATE
MILITARY ACADEMY NAMED
FOR \ FALLEN SOLDIER

Claremore Okla, Aug. 30.-One of
the many brave oklahoma boys who
volunteered for service In the great
war, and who fell in France, has been
honored by the naming after him Of
the new barracks at the Oklahoma
Military Academy here. The building,
now under construction. will be "Mau-
rice Meyer Barracks"
Maurice Meyer. son OF Mr.. and Mrs.
Leo Meyer Of Tulsa, was born Decem.
Der s, 1915, at Bellville. Texas. When
the war came to America he enlisted
in Company A. 357th regiment, at Ok
lahoma City, in 1917 He went into
training at Camp Travis, and was soon
promoted from a private to a corporal.
In June, 1918, he sailed for France and
soon after landing on the other side
was made special gas officer with
rank OF sergeant.
This Oklahoma lad made several sue
cessful raids at the head OF his batta'
lion in the St. Mihel sector previous
to September 49, 1918, and after max
ing successful raid on the night of
September %, while on the way back
with his men, he was severely wound
ed by shrapnel from the enemys high
explosive shells. He died from the
effect of these wounds on the morning
of September "a.
Maurice Meyer is buried in grave No.
900, American cemetery. Ssbastapol,
Toul IN the department of Meurthe ct
Moselle.
These raids led by Sergeant Meyer
were preparatory to the Argonne drive
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30
Electric Drilling Supplants Steam

Interest still centerS in the wen Delne
drilled on the Stokes lease at Oil Hill
in which electric power is being substi
tuted for steam. Progress has been
sackened a little during the past few
days owing to the encountering OF a
strong flow of water.
Here is what the FL Dorado Republi-
can says regarding the test:
As a sample of how well the electric
motor is doing on the first electric drill.
ing test in Kansas on the Stokes "a
four straight towers Friday and Satur'
day averaged a depth of 6S feet each
with the ~ 1-2-inch bit between the
/ .2OO.foot and the 1900 foot level.
This is believed to he drilling record
in Butler county. Drillers say that 1t
is not unusual to accomplish 50 or 10
feet per tower for two towers at such
4 depth with the big bit but to drill
four straight averaging 6S feet per tow
er is declared to be new achievement.
All of which adds to the impressive
record the electric motor is making in
this first vital drilling test.
The work has been slowed up since
Saturday night, when at 1,51O feet, the
drill ran into strong flow of water.
Much of the time the drillers are work
ing with a hole full of water and they
are deylayed often by long periods of
bailng The 1O-inch pipe will be set
somewhere between LOO and 1900 feet,
and this will shut off the water and al
low the motor to have the first crack at
a light bit.
The drillers encountered a strong
flow of gas at 1865 feet, totaling about
a million and a quarter feet per day.
A small show of oil was had at l,5OS
and water was encountered at 1,51O.
The electric test continues to be the
center of attraction for scores or oil
men and dozens of visitors are present
at the well each day to see the big
motor at its work. Not one particle OF
trouble has been encountered with the
electric drilling outfit to this time, and
none is anticipated-The Empire.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30
RETAIL NEAT PRICES
GOING DOWN IN FEW
DAYS, EXPERTS SAY
CONTINUED from page u

Continued from page u
that their kinsman in Germany woul'
benefit In the end. Instead. he said
peeace conditions had been imposed
which the German people never coult
| fulfill
Calling attention 10 the fact tina
Russia was not included in the peace
settlement, he continued:
Think you that Germany---smart
ing and staggering under the terms
Of this-treaty will supinely rest con
tent with the dole of grace and suf
ferance we are vouchsafing her. the
crumbs from her victor's table? That
| people will no more cease to plot and
| plan to recover their former high state
than did Satan plunged into the abys-
NAL depths of hell Whether they
are in the league If formed or out of
Ii. Germany's agents, secretly or open
ly, will be at work with her former
allies, with injured Russia and with
Japan. AS Russia goes, so will go the
Slavic and affiliated peoples. And If
Germany succeeds in this. western
Europe, at least. must perish"
Stripped of its idealistic phrases, Mr..
Knox said, the treaty really was but
an alliance among five great powers
against whom Germany would try to
bring a stronger alliance. The real
interest of France, he said, was in
gaining the friendship and not the
enmity Of the German people"
Calls Treaty "Truce"
THE instrument before u.s. he said,
'is not the treaty but the truce Of
Versailles 1t takes Germanys terri
tory, European and foreign without
compensation: it takes from her prac-
tically all of her ocean shipping and
a large portion of her inland vessels;
it deprives her of all special benefits
of treaties and conventions; it takes
her cables; it compels her to supply
large quantities of raw materials; 1t
her great river sys-
TENS and throws them open to traffic
of all nations on n national basis as
if they We're the high seas; it opens
her coastwide shipping to all nations;
it compels her to grant exceptional
import and export privileges and to ac-
cept important restrictions; it closes
out German interests in practically the
whole civilized world; it closes out
the interests of that same world In
Germany.
Having done all this, 1t assesses
against her. provisionallyd with a
stipulation permitting an increase, a
debt Of one hundred and twenty billion
gold marks, which is in addition to
the property restored in Kind and to
the value OF the boats, gold and securi- |
ties delivered. 1t makes her response |
bic for those damages inflicted not |
only by herself but by her allies, and |
even by the allied and associated pow
ars themselves, with list of items
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30
From Murray County

o. T. Nelson. who some time ago ac
quired "A large acreage in leases in Muir.
ray county, Is here from Tulsa look.
Ing over Carter county's oil fields After
Mr.. Nelson had acquired leases in Muir.
ray county he transferred a portion of
his holdings to the Corn Huskers Oi.
Company to induce the drilling of a tesi
well. The test was located in section
f.ln-2e, near the town of Davis. \ sand
which had a thickness OF Is feet was
picked up at 1854 feet and a second
sand of the same thickness was picked
up at 2.021 feet. Both of these vands
produced oil. The total depth of the
we'll is 2,037 feet. whore a water sand
was entered. In plugging off the water
sand the oil sand found at 2.02l feet
was also plugged off. The producing
sands found there are sufficient to in
duce the drilling of other wells and there
is reasonable chance for Murray
county to have a nice oil producing area
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30
Here From California

Frank Hines. who earned his first
money as a carrier boy on The Ardmore.
lite, is here from Sacramento, Cal. Wis.
ting with his mother, Mrs. Ada Hines,
on A street, northeast. He is accom-
panied by his wife and they made the
trip by auto, coming by way of Denver
and Kansas City. They were on the
road II days. Mr.. Hines is in the
grocery business and is doing well. like
all other young fellows who start out
with The Ardmorete. Fred Hines,
brother who Is in the newspaper bust
ness in Amarillo, is expected here this
week, to be with the Hines family at
their reunion.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30
CLEAN OUT YOUR
BILE TUBES
WITH A CALOTAb
The Nausealess Calomel. Tablet That
Does the Work Without the Slightest
Cnpleasaftness.

You have always thought of calomel
as the best and surest medicine In the
world. but too nauseating for you TO
take. That was the old.style calomel.
Now science has robbed calomel Of its
unpleasant qualities without detracting
In the slightest from its liver cleansing
and system purifying effects. The next
time YOU are bilious or constipated ask
for Calotabs. Sold only in original
sealed packages. Erice thirtyfive cents.
One tablet at bedtime with a swallow
Of water.-that's ALL No salts. no taste,
no gripping, no nausea. You wake up in
the morning feeling fine, your liver act
i've, your system purified, and with n
hearty appetite for breakfast Your
money back at any drug store II you
are not perfectly delighted with Gallo
tabs.-tadv)
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30
The WillifOrd We'll

The Ardmore Producing and Refining
Company's well. on the Carroll farm, In
section 29.3s-lw, is at depth of $3.50
The sandy shale formation reported yes
terday gave way and the drill entered a
very hard blue shale. The well has
been carrying about 1000 feet OF water
and the company will shut this water
out. The broken sand formation made
some gas and shot might result in q
small gas we'll. 1t Is drilling in BIG
inch hole, but the company is of the
opinion that it win be able to drill to
a depth of $500 feet. should this we'll
not reach pay sand it is possible that
It will look hopeful enough to induce
another better test in that area.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30
New Locations in 27.4-2

Two new locations have been made
in section 274s-2w, on the Dilard land.
One was made by the Texas Company,
making the location Texas Company,
billiard No. 9. The location is in the
northeast corner of the northwest quar-
ter of the northeast quarter Of the
northwest quarter Of the section. The
rig is on the ground.
The toher location has been made by
Westheimer and Daube, and it will also
be the No billiard well for these poo-
pie. The new locations offset each other.
On the Westheimer and Daube location,
the rig is being moved in.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30
Oil Men Never Saw a Bank

That couple of Empire geologist'
who were working near Newton. Kan.
last Friday morning about the time
bank was robbed there, were halted by
the citizenofficers and compelled tt
establish their Identities. The young
men were travelling in u machine and
were stopped on the road to be ques
toned as to whether or not they had
been near the robbed bank that day.
When the officer making the interro
cations had about completed his cross
examination, another member of the Of
ficers' party, realizing that the two
Empire men were not the bank robbers,
called out disgustedly TO his co-worker:
Jaw, come on. Those guys don't look
like they'd ever seen bank. much less
robbed oner-The Empire.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30

which includes some admittedly con
trary to the rules OF international law
hitherto existing. Finally. and In addi'
ton. she ls compelled to answer To her
own nationals for the value Of the
property taken by the allied and asso-
ciated powers,
The United States Is bound up In
every one Of the obligations and duties
Incident 10 the enforcement OF these
terms, with the great responsibilities
attached thereto"
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30
Jack Sankey

Jack Sankey and his partner, Bin
Shelley. have new well in the Desde'
mona field In Texas, that Is making
5000 barrels. Mr.. Sankey came TO
Healdton when the field was first open
ed, lie came here as drilling con
tractor and his first production was
on the Woodruff farm, in section 30S3.
He broke into the producing end or
the business here and has been making
good in the game since that time.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30
Drilling ISeDOitS

The Humble and Sinclair Companies,
in sections and 9, in the Healdton
field, in township south and range >
west. are deepening their wells and are
meeting with success. Deeper sands
are found and production is being in.
creased
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30

K. o. Dulaney. who has been plan.
ming to move the offices of the Fort
Ring OIL Company and the Planet Pc
troleum Company to Fort Worth has
changed his mind and the offices will
remain here at least for the present
The developments at Hewitt and Ora
ham was the cause of the offices re-
naming here.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30
Texas Company billiard No. l

Texas Company. billiard No. |, section
81. 4s.2w. has set the packer, shut Off
the water and has drilled l2 feet deeper,
making the total depth 1886 feet. The
gas in the well is decreasing, and the
oil is increasing, making the flows not
so often but much stronger 1t is not
yet known how much deeper the well
will be drilled.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-08-30
Jack CrOsbie

]. +. Crosbie. who is now n big banker
and oil producer of Tulsa, has a new
well in the Desdemona district that is
making $50 barrels. Mr. Crosbie started
in the oil game as a driler. He worked
towers for number of years, but he
never went to sleep on the job and to-