davidaulloa/AmericanStories huggingface dataset:
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1919-06-26
Johnny Chucks Near Neighbors

Johnny and Polly Chuck had
- made their home between the
Z roots of an old apple tree in the far
corner OF the Old Orchard. as every
body knows They had dug their
N1eue between those roots because
they had discovered that there was
just room enough for them 10 pass
in ard out. and there wasn't room
enough to dig tho entrance any larg-
er. So they felt quite safe from
Reddy Fox and Bowser the Hound.
either OF whom would have delighted
20 dig them out but for those roots.
when Johnny Chuck had fun
stomach and nothing else 20 do. he
delighted TO sit on his doorstep.
Johnny's nearest nsighbors had made
their home only about five feet above
Johnny's head when he sat up on
his doorstep. They were SKINNER
the Tree Swallow and his trim lttl>
wife. and the doorway OF their home
i wAs a little round hole in the trunk
Of that apple tree. a hole which bad
been cut some years before By one
" the Woodpecker family.
To Johnny Chicks way Of think
irr. there was no one quite so trim
and neat appearing as skinner, with
his snowy white breast and blue
green back and wings. Two things
Johnny always uzed 20 wonder at
skinrner's small bill and short legs.
Finally be ventured to ask skinner
about them.
~Gracious. Johnny exclaimed
SKINNER. Il wouldn't have a big
bsu for anything I wouldn't know
what TO do with IT, II would be in
the way. You see. I get nearly all
my food In the air when am flying.
Dsqultoes and flies. and all sorts
OF insects with wings. / don't have
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1919-06-26

20 pick them or trees or bushes or
from the ground. and no don't need
any more OF bill than have. It's
the same way with my legs. Have
you ever seen <ne walking on the
groundy'
Johnny thought a moment. mo. -
said he. now you speak Of II. new.
cr have
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1919-06-26
O'CALLAGHAN ELECTED

SAN FRANCISCO. June 2s.-J. s
O'Callaghan of San Francisco was
yesterday elected grand president of
the American Registered Pharma.
cists In convention here. Gordon A.
Bye OF Portland was elected first
grand vice-president.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1919-06-26
1,4OO Dead Letter
Articles Are Sold

In a speed-record- breaking sale.
more than l,4oo articles which have
accumulated In the dead letter de-
partment OF the postofflce for the
last six months of 1918 were auc-
toned off Wednesday.
New-York tribune., 1919-01-14
and Com nm cree
Embargo Declared
In Canadian Ports
Congestion at British and
French Receiving Points
Causes Action

MONTREAL, Jan. 13.-An embargo
on large percentage of the overseas
export shipments Of Canada has been
ordered by the Canadian Railway Wan
Board on account Of congestion at Brit
lsh and French ports.
At least so per cent of this export
trade, amounting to something like
100000 tons a month. will thus DC
packed up in Canadian warehouses
elevators and mills. In explanation Of
the situation the following statement
was made to-day by an official of the
War Board:
"Thc embargo has been placed be-
cause the British and French ports
have at present more traffic than they
can handle The British ministry of
shipping has advised US that ships can
not be accepted. That means they can
hot be loaded. st. John and Halifax
must be protected. and that, in turn
means that our shippers must hold
their shipments so as not to plug the
transportation lines' He added that
the embargo would remain in force
until the European ports are cleared
New-York tribune., 1919-01-14
Argentina Wants Trade

BUENOS AIRES, Jan. l0.--Commcnt'
ing on North American activities u
South American markets. the newsps'
per LA Prensa." after alludingto taria
conditions which have prevailed. says
North America has been exporting
less than tenth of her products. be-
cause they were needed internally an"
because her tariff policy prevented eA
ports which in turn would have mace
American goods known in other lanes
Thus. though having grown sstonish'
ingly prosperous at home. her CONNER
cial ties have been so relaxed that onn
an unforeseen event. like 3 terms
war. could make her appreciate '''
value of the South American markets
Daring the war. and entirely eeesuN
of It. the United States attained ee~.
mercial position here which can y. ~
maintained only by considerson
change OF her methods. Is the dsvs
of peace permits Europe to renew NV
competition"
New-York tribune., 1919-01-14
The Sugar Outlook.

Frederick Strauss, chairman of the
board of directors Of the Cuba Cane
Sugar Corporation, Informed stock
holders present at the annual meeting
yesterday that production for the first
ten days of January had been 10000
bags. or 60,000 bags ahead of the cor
responding period last year. lie said
that, with the new machinery that had
been installed, the company in 1919
should turn out its estimated output
OF 200 600 bags to the U. S. Sugar
Equalization Board at the fixed prices
OF $50 and 5.45 cents pound, or ap-
proxmately 90 cent a pound higher
than prevailed last year. Mr.. Strauss
belleved that costs of production could
be held down TO near last season. S
figures Hignio Fanjul. Harry Payne
"nitney and Rafael Zavallos were
added to the board at yesterdays s
meeting.
New-York tribune., 1919-01-14
Says Webb Law Will
Protect Foreigners
Competition From Other Ex.
porting Nations Will Obviatc
Hardships, Counsel Declares

NEW ORLEANS, Jan. 13.-J ohm
Walsh, chief counsel of the Federal
Trade Commission, in outlining the
scope Of tho new Webb law which per
nuts American concerns to combine for
the promotion of the export trade in
an address before a body of business
men here declared that the act would
rebound to the benefit of foreign coun-
tries as we'll as to that of American
industries. His remarks were designed
as reply to criticism to the effect that
The new act might open foreign coun-
tries to unfair exploitation.
"unquestionably," he said, "the bene-
fits to be had under the Webb law
arc not confined to American business
men alone Foreign countries arc not
confined to American business men
alone. Small American manufacturers
who individually could not atfcrd to
build up an export trade organization,
now have an opportunity to combine
under the Webb law for export Dur
poses. This will stimulate business at
home and abroad Foreign markets
will have all the advantages GROWING
out of increased competition between
American exporters and those from
other countries. Export trade is
matter of reciprocity and should be ad-
vantageous TO both parties l believe
that the broad-visioned plans for build
ing up and expanding the export trade
of the Gulf ports by concerted action
on the part of your commercial, finan
clal and shipping interests will prove
powerful stimulus to your home
trade and become strong factor in
continuing our national policy.
81 believe it contrary to the spirit
and intent of the law to make it the
vehicle for 'monopolstc exploitations
of foreign markets. That would NOT
be consonant with our public interest.
In case unscrupulous and selfish inter
csts should attempt to operate under
the Webb law in a way that would be
detrimental to our very excellent rela
tions with foreign countries | would
be in favor OF immediate corrective ac
ton on the part of Congress-"
New-York tribune., 1919-01-14
Gold Settlement
Fund May Emerge
From Peace Table
Americas Contribution to
Proposed Pool TO Obviate
Need of Shipping Bullion
Might BE 5000, 900, 600

WASHINGTON. Jan. 13.-Establish-
men. of a gold settlement fund of sew
eral hundred million dollars to facli-
tate foreign exchange transactions and
eliminate the necessity of shipping
quantities of gold between countries
IS under discussion among financial adj
visers of the Allied governments and
may be planned at the forthcoming
peace conferences.
The purpose Of this fund, which
probably would be deposited in trust
with the Rank of England, would be
to form the basis for credit transac-
tions between nations in the same way
by which the American Federal Re-
serve systems gold settlement fund
now constitutes the basis for transfers
Of credit among Reserve banks, making
it unnecessary to transfer gold within
the country. Exchange balances be-
tween countries, instead of being set
tied by actually shipping gold, as would
ranged bv simple book transactions.
with the oar-marked gold as guarantee.
Allied iinancicrs propose tentatively
that $500, 100000 be tho maximum size
of the fund at first and that neutral
countries be admitted if they choose
TO participate. Eventually this might
become al international gold pool,
guaranteeing exchange clearings be-
tween all countries.
The United States contribution to
the fund as now discussed probably
would not be more than $500 900 600.
The government now holds in Treasury
vaults more than s2,5oO,000,00o, of
which 81 1873 100000 is in the Fed
cral Reserve gold settlement fund and
$S82 900 900 as the basis for outstand-
ing gold certificates. Legislation
would be required as preliminary.
The fund would be used only for cur
rent transactions, not to settle debts
now owed the United States by the
Allies
New-York tribune., 1919-01-14
RESTRAINTS on Coffee
Trading Are Lifted
Freeing of the Market Causes
Rise i'm Quotations

The United States Food Administra-
tlon yesterday announced that all rules
ana regulations covering dealings in
green coffee, including licensing, have
oeen Withdrawn. This action restores
the coffee market to an unrestricted
casls after year OF Federal control
Inc regulations which have been
lifted arbitrarily limited the profits
ol dealers III green coffee and made it
necessary for them to obtain licenses.
these restrictions were imposed earlv
last year when the DEVELOPMENT OF q
broad speculation in the coffee market
threatened. About the same time deal
lhSs IN coffee futures were prohibited.
out this restriction was removed las.
iail after the signing of the armistice
ne New York Coffee Exchange. which
was closed because Of the restrictions
opened for business again the last weel,
IN December Since the restrictions in
green coffee have been in force tbero
mas occurred sharp rise in prices and
dealers have predicted a SHORTAGE nm
less steps were taken to increase shin
ments from Brazil.
Announcement of the restoration of
free market in coffee resulted in a
sharp advance in quotations on coffee
futures in the local market Yesterday.
Ar Independent ticket has bocn
named by the members of the New
York Coffee Exchange to run against
the regular ticket named by the nomi
mating committee. The annual election
taxes place on Thursday.
The regular nominations arc: Presi
dcnt, Clarence A. Fairchild; vice-presi
dent, A. Schierenberg; treasurer. C. Fl.
Mlddcndorf. Board of managers to
serve for two years: BENJAMIN r
Ieabody, L. L. Luedcr, Leon Israel.
william Bayne. ir.. George H. F'inlav
and Franklin w. Hopkins; one wear,
G. p. Dawson.
The independent ticket follows.
President, Clarence A Fairchild: vice.
president. A. Schiercnberg; treasurer
{. II. Middendorf. Board Of managers:
FRANKLIN W. Hopkins, Arthur II. Lam
hourn, Frank c. Russell, John Henry
Wlndels and Leon Israel; one wear.
j. ii. Walter Lcmkau.
New-York tribune., 1919-01-14
Copper Production Lower.

Wall Street estimate places the
current output of tho country's copper
mines at sc per cent of their capacity
1t IS predicted that the production re
ports of all the larger companies at
the end of January Will show further
falling off. December figures showed
uniform decreases from the preceding
month. The determination of leading
producers to keep down output so long
as there is slack demand for the
metal has already been announced
Therefore declines in tie January
production figures from December will
not be in the nature of surprise
The local market for copper continues
inactive at the present price of 90
cents pound, quoted by the leading
producers.
New-York tribune., 1919-01-14
Money and Credit

Offerings Of call money were fairly
liberal in the local market yesterday.
Ruling rates at the Stock Exchange
were TO JE per cent.
The beginning Of the new week found
the market for fixed date funds practi-
cally- unchanged. Banks continued to
offer time money ct 5A per cent for the
sixty and ninety day periods. Bor-
rowers arc Offering 5A per cent
Ruling rates for money yesterday,
compared with Il year ago, were az
follows:
Yesterday Year ago
Per cent. Per cent
Call money:
On mixed collateral 6
On industrial c1't1 5iI2
Time money (mixcd collatcral):
Sixty days 5Ia@6 5Ia@5sa
New-York tribune., 1919-01-14
News Digest
New York

Miami Conservancy Bonds Sold
Here.-Thc National City Company. the
Guaranty Trust Company and Harris
Forbes G. Co. announced yesterday the
purchase and subsequent sale of So
100000 Miami Conscrvancy District.
Ohio, 5i2 per cent bonds Including
the new issue there is now outstanding
total debt against the district of $780,
600, 600.
New-York tribune., 1919-01-14
Alabama Power Company
Record Trading in Notes
Block of $lO,Ol5,OOO United
Kingdom Issue Sold

A block of $1o,O15,ooo United King
dom of Great Britain and Ireland 5 Y
per cent notes of 1919 sold on the
Stock Exchange yesterday at 100 1-16.
This was the largest single transac-
tion of the kind in the history of the
exchange.
The notes were sold for client by
Barr E. Smeltzer, bond dealers, and
were purchased by Salomon Bros. &,
Hutzler, who were also acting for a
client.
New-York tribune., 1919-01-14
American Ice Sales Larger

The annual report of the American
Ice Company for the year ended Octo-
Der last discloses total sales amount
ing to $12,742,433, an increase Of So, ,9O1. :
904 over the preceding year. Net
earnings were S2,42s,455. or 81, ,Oe2 1908
more than those for the year before
Total income was s2,548,021, an in
crease of $1,037,4 After Federal
taxes of $597,947 and depreciation of
S74o,7SO, net income was $1,209 ,294, an
increase of S225,9s2. Preferred divi
dcnds paid during the year totallcd
Sa93,934. Surplus Of S3l 1850 was equal
TO $a.A0 per share earned on s7,161.33O
common stock, against Sl.23 per share
earned on the common stock in the
previous year.
New-York tribune., 1919-01-14
Relevant Comment
"Shorts" in Swiss Francs.

Dealers in foreign exchange have
been much interested Of late in the
strength displayed by Swiss francs
They attribute the tendency to the
existence Of large short interest built
up by brokers who sold the exchange
in anticipation of RAPID return to
parity. Nhon it did rot decline as
rapidly as expected the shorts ran to
cover and their purchases have been
an important factor in the market for
several weeks
New-York tribune., 1919-01-14
American Ice Weak

American Ice was weak stock yes
terday. declining II points net to al 4
on turnover of 1000 shares. It's ac
tion was surprising in view of the an
nual report of the company, published
during the day, which showed earnings
after all charges equivalent to S44O a
share on the $7,161, $50 common stock
compared with $1.23 a share the pre-
Cedinp wear
New-York tribune., 1919-01-14
Selling Pressure on Marine

Continued selling of international
Mercantile Marine preferred is attribu-
ted to professional operations for the
decline based on reports that the deal
for the sale of the ships and assets of
the subsidiaries might not go through
The stock fell to a new low record for
the current movement yesterday, sell
ing at 1855, and closed with net
lnSc of q Ia
New-York tribune., 1919-01-14

large loans should be made by Ameri-
can bankers to Europe and other for
eign countries, instead of continuing
the present system of government ad-
vances exclusively to the Allies Bel
gium, China and Chile. according to
current reports, will be among the first
to obtain financial assistance
New-York tribune., 1919-01-14
The Size of the Next Loan

A suggestion that perhaps Europe
could liquidate at least part of it's OBJ
legations to the United States if the
government at Washington would at
tempt TO float in this market securities
OF Allied nations was recently put out
III the financial district. although the
exact technique of the plan has never
been completely worked out bankers
generally seem to disapprove of it. The
proposal was designed to bring about
a downward revision of the amount of
the Fifth Liberty Loan by adjusting
the credit relations between this gov
ernment and those of Allied nations
"Thc great objection to cutting down
the size of the next Liberty loan bv
supplying the government with funds
through The sale of European securi
ties here" the head of an important
national bank said terday. in dis
cussng the matter, sis that the banks
would not be in q position where they
could take large amounts of these for
cign bonds. The banks by law could
not lend on Allied government bonds
beyond 10 per cent of their combined
capital and surplus, nor could thew use
them for rediscount purposes as freely
as Liberty bonds. 1t will undoubtedly
be necessary for the banks to subscribe
to the greater portion of the next
Liberty loan, as the public will not feel
as sweeping patriotic motives as +ha,,
did during the preceding drives. It
therefore seems to me that any attemnt
to float foreign securities here as a
substitute for Liberty bonds would no:
be successful"
New-York tribune., 1919-01-14
The Dollar in Foreign Exchange

Rates moved narrowly in the local
foreign exchange market yesterday
Swiss francs were slightly tirmcr. De-
mand sterling rates eased off on in
creased offerings.
Closing rates yesterday, compared
with week ago, follow:
(Quoted dollars to the pound.)
New-York tribune., 1919-01-14

Name Exchange Nominating Commit
tee. Edgar Boody, Henry H. Elias.
Henry H. Cone Peter J. Maloney and
John A. McElroy have been named
members of the Stock Exchange nomi-
mating committee for 1919.
New-York tribune., 1919-01-14

to-day. Three per cent rentes we're
quoted at 81 francs so centimes for
cash. Exchange on London was at %
francs 9S centimes. while the new
per cent loan was quoted at 50 francs
New-York tribune., 1919-01-14
Corporate Returns

Paragon Refining Company. Report
for the year ended October 81, 1918
shows gross income of S4 ,63333, 1l1, which
compares with $3,51O,7SS for the year
before. After operating expenses and
taxes Of $3,327 .702, net operating in
come was $780, ,439 against $1.44O,3 ,345
for the preceding year Net profits
were SAFE, ,754, added to previous sur
plus of S233 1885, making total surplus
of S707,710.
Manati Sugar Company. Net profits,
after charges and war taxes, for the
year ended October 81, 1919 were $875,-
1877. Preferred dividends totallcd S231, :
000 and common dividends were S432,-
liz, leaving surplus Of $212,G75.
Alabama Power Company
November gross e. s2s3,55 Inc. $ee2ta
Net after taxes. -. 142.537 Inc. 27,841
Twelve mos gross. 2925,o2t Inc. e4,S7a
Net after taxes. 1.54S, ,972 Inc 271,142
New York Telephone Company
November gross. E. SIS $3.50, 500 Inc. s313,432
Operating income. t,234,89t Dec. 25,931
Eleven mos. gross Sc, 1892, $40 Inc. 3,45O. .2a2
Operating income. 1871 ,9o2 Dec. 1872. .865
New-York tribune., 1919-01-14

inc above rates express The cost of
foreign money in terms of the Amor-
can dollar. You buy an English pound
sterling, say, at s4.7575 The intrinsic
parity is $d.S6ss per pound. Thus you
say either than pounds are at dis
count or that dollars are at q premium,
which is owing to the fact that in Eng
land the demand for dollars with which
to settle accounts in this country is
greater than the demand in this coun
try for pounds with which to settle
accounts in England
New-York tribune., 1919-01-14
Foreign

Paris Bourse Activc.-PARlS. Jan.
l3.-Trading on the Bourse was active
New-York tribune., 1919-01-14

commercial Paper.-A fair volume of
business is moving on a 81 to * per
cent basis. Commercial houses show a
disposition to increase their borrow
ings.
Bank Acceptances.-Rate were un-
changed yesterday, as follows:
Thirty Sixty Ninety
Spo. de- days. days. DAYS.
livery: Fer oent.Per ccnt.Pe~ cent.
+ g b e
member
banks .4A@4 4A@4h 4h@4M
4 g b G
nOn-mem-
Der banks.4l4@ @4Is 43s@4A 4ss@4a
Ineligible
bank bills.5H@5 5Is@5 s!@@5
For delivery within 30 days:
Per cent.
Eligible member banks. Ak
Eligible non-mem5er banks. ..... .4ls
Ineligible bank bills.
Discount tes.-The-following cable
gives the current rates of the twelve
Federal Reserve banks on commercial
paper for all periods up TO ninety days:
New-York tribune., 1919-01-14

The latest returns from the
railways seem to give little support
: to Mr.. McAdoo's belief that in the
coming year rates may be reduced,
while present wages are main
tanned. October was the tenth
month of governmental operation,
and by this time it might we'll
have been anticipated that the new
unified operation would be running
smoothly and that the economies
expected would begin to be shown.
AS matter Of fact, while the
freight traffic for the month in
creased only 1-2 per cent over the
same month in 1917, operating ex-
penses increased nearly one-half,
/. G., AZ per cent. And it is to be
remembered that by October, 1917,
the congestion of the Eastern roads
had begun to be severely felt and
operations were then carried on
with great difficulty. For the full
ten months freight traffic increased
only 1.9 per cent, but operating OK
penses increased by SO per cent.
To the export associations in cof-
fee. steel, and the textile industries,
organized under the Webb Pomc-
rene act, there is now to be added
similar association for coal. 1t will
be no monopoly, but will be open to
all the bituminous operators in the
country. At this moment such an
association may achieve very signal
results. Large coal exports from
this country wait only upon ship
bottoms. If these can be had
there is great need to be filled, all
the way from Italy to the further
end Of South America. Especially
in the latter has the fuel need been
SO acute that they have burned
their corn for coal. According to
the English shipping authorities
there should be plenty of shipping
/ released by or before the carly
summer.
II copper production has been cut
to about so per cent of the high
figures of last year, it will not be
long before the copper surplus,
which now looms SO large in many
j thoughts, would begin to recede
Copper surpluses have a way of
looming and receding that is sadly
upsetting to the prophets and, at
times, to spectators.
A vital problem now is the rate
on the new Liberty Loan. There
is nearly universal belief that the
rate will necessarily be increased
Many forecasts go as high as per
cent, 1t is argued that the fervors
of war are over, the Hun is beaten
the threat of a military domination
defnitively ended. Vast war buy
ing has ceased, and with it, the
high profits Of war time. Every in
dustry is shading prices somewhat,
narrowing the margin between
costs and selling figures. The large
corporate and other surpluses that
we're available are shrinking, and,
above all, the infectious enthusi-
asms of flush times. 1t is held that
the new issue must rise to some
where near the prevailing rates for
money. 1t is added that no other
government has been able to make
its borrowings on such a low rate
as the United States. But an in
crease to as high as 5 per cent
might be stoutly resisted by the
Treasury, and a compromise at
3-4 might be the result.
Those who imagine that Eng
| lands financial prestige has been
seriously impaired during the war
may we'll consider the amazing
figures on her latest bond issue
The great campaign of the sale of
national war bonds will close
January 1S. The total has already
New-York tribune., 1919-01-14

The Federal Reserve Bank of New
York has put in force the following
schedule of rediscount rates which
apply to bankers acceptances: Ma.
turtles up to 5 days, per cent; Is to
60 days, inclusive, Az per cent; 81 to
30 days, inclusive, 4 \: per cent.