davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-08-22
Securities and Money
Stock Prices
Advance After
Early Declines

In its sharp vertical movements in
opposite directions yesterday the
stock market rcsembled an elevator
Prices, responding to the same influ-
ences which caused Wednesdays de-
cline, descended rapidly in the morn
ing, but in the afternoon session they
ascended to higher level than they
had reached in two days. The net re-
suit for the day was gains of from
to points for representative stocks.
Although the improvement was fairly
we'll diffused. not all securities reacted
favorably. At midday no perceptible
change in the news of the outer world
took place to account for the reversal
in the market Observers maintained
that the causes for the squirt we're
largely internal rather than external
The machinery of the market in the
afternoon carried prices up without
suit of the declines of Monday
and Wednesday the market seemed
to have become oversold, and profess
sisnal operators in some instan ces
y-ssrc induced to buy stocks for the
>iiH- Moreover, short covering gave
strength to stocks which at their low
levels were beginning to attract some
outsiders into the market
United States Steel, which at the
final sale brought 1oos4, gained 21t.
points Second thoughts of traders
about the possibility of steel strike
were less pessimistic- The fact that
the union leaders would take no ac-
ton for ten days, during which they
would seek q meeting with officials of
the United States Steel Corporation,
was regarded as reassuring by those
who had feared rash Developments.
The spectre of embarrassed foreign
exchanges running wildly into de-
moralization was made less menacing
yesterday by q striking rally in ster-
ling, which closed for $41S% for
cables, compared with low of $412A
the previous day Because the i'm
provement was due to technical con-
dltions rather than to a fundamental
solution of international financial
problems, the movement of rates in
favor of London was not considered
a dominant market influence
Transactions exceeded 10000
shares and the broadened activities
caused money rates to stiffen toward
the, close of the trading Call money
at the opening brought per cent
and rose to 61s per cent later in the
day, closing at 6 per cent Two hun
dred and seventy-nine different stocks
were bought and sold yesterday, com
pared with 272 the day before
Among the stocks that rallied.
United Cigar Stores led, with gain
of II points. General Motors closed
9M points up, and Wilson & Co. re-
vealed gain of S1h points.
The bond market continued inactive.
Relatively large blocks of fcreigp
held American railroad bonds were
offered for sale here through an in
ternatiunal banking house.
New-York tribune., 1919-08-22
A Reversal OF Opinion

A perceptble change has been noted
during the last few days in the tone
of the market letters Of some Stock
Exchange firms who for several weeks
have advised extreme caution in the
matter of making new commitments on
the buying side. An example brought
Block, Maloney & Co.. who early in
the day declared that stocks should be
bought. In their night letter the firm
said: There are some grounds for
hope rulness. We have had heavy
liquidation and at the current levels
stocks look more attractive. How far
the rally was due to shoSt covering
was rot quite clear. but we think there
was great deal more than that in it.
Stocks have passed from weak into
strong hands. Financial interests are
said to have bought large amounts of
steels, coppers. rails and other issues
in the belief that the labor situation
will before long right itself. This is
also probably true of the foreign ex
changes"
New-York tribune., 1919-08-22
Still Talking Abatement

The talk persists that the United
States Treasury Will have TO find some
technique for abating or softening the
interest for several years on its ad-
vances of nearly $4,000. .0o0. 900 to it's
associates in the war. The annual in
terest charge would approximate
S500.o00,0 900, and the debtor countries
are in no position to ship gold, and
this country does not want gold The
delay in organizing comprehensive
plan for importing European securities
and the inability of European coun-
tries to export goods at present make
the difficulty of paying interest this
year and the next, it is argued. greater
than it will be several years hence.
when the Old World has recovered
from its war hurts. Bankers here ad-
NIT that the subject of interest abate-
ment has been frequently mentioned,
but point out that the decision will be
made In Washington and not in New
York.
New-York tribune., 1919-08-22
In Wall Street
General Motors Has Sharp Advance

A good deal of bullish talk has been
heard around the Street recently about
General Motors. One house gave out
the information early in the week that
the floating supply of tho common
terday there was an advance which
showed evidence of urgent buying
either for the long or short account.
Opening at 2I2, the price leaped for
ward until at the closing quotation of
224 there was net gain Of Q "a points
1t was announced that several officials
Of the company have sailed for Europe
to arrange for an increased foreign
business. Earnings for the six months
ended June 80, it was reported. would
make n favorable comparison with
those year ago.
New-York tribune., 1919-08-22
Explaining Sinclair's Strength

Buying Of Sinclair Oil during the
last few weeks of stock market weak
ness is said to have been for the ac-
count of inside interests who have
knowledge Of the merger plans to be
announced soon. The stock yesterday
was one of the strongest on tho list
and big blocks changed hands AT rising
prices. At the close net gain of 3as
points had been registered. A meeting
of the new holding company. the Sin
clair Consolidated Oil Corporation. is
scheduled to be held next Monday,
when it's domicilc is expected to be
changed from Delaware to New York.
New-York tribune., 1919-08-22
Steel Makers Hope TO Avert Strike

Steel manufacturers with headquar-
tcrs in New York continue their reti-
cencc regarding tE prospects of a
strike in the industry but ut privately stiii
talk hopefully of the situation. Judge
Gary yesterday did not depart from
the silence he has maintained all week
and in answer TO inquiry from report
ers said: II have nothing whatever to
say on the whole situation" He was
at his summer home at Brookvillc, l.. |. .
all day. At the Offices Of the Steel Cor
poration it was said only a small pro-
portion of their workers were union
members and no serious trouble was
expected.
New-York tribune., 1919-08-22
Oniimistic Again

A stock broker who was one of the
most Jealous bulls in Wall Street until
the break in the market dulled his en-
thusiasm few weeks ago yesterday
expressed himself as confident that Sc
curity prices were ready to 30 higher
again. He contendcd that the down
ward movement had spent itself but
declared that the public, still timid as
II result of the sharp slump in prices
would not buy stocks freely until
stocks rose about five points from the
present level.
New-York tribune., 1919-08-22
Waiting on Washington

International fnanciers here who
still believe that broad plan for ex-
tending financial aid to Europe must be
worked out declare that the Admins
tration will have to take the initiative,
and it is felt that it win not feel free
to do so until the peace treaty has
been ratified. Bankers insist that
they will do nothing on q comprehen-
sive scale without the affirmative ap-
proval of the government.
New-York tribune., 1919-08-22
The Dollar i'm Foreign Excbanoe

Sterling exchange, which started to
raily late on Wednesday, continued to
wipe out some Of its recent losses yes
terday and closed at $41S% for cables.
compared With a low of $4.12A the
previous day. French and Italian ex-
cnahge moved in sympathy with ster-
Iihg' Marks were shade weaker yes-
terday.
Yesterdays rates compare as fol-
lows: Ao'-
Quoted dollars to the pound.)
New-York tribune., 1919-08-22
Dividends
Extra

Cambria stee, Con- addition TO It's
regular quarterly dividend II ~ per
cent the Cambria steel Co har de-
clared an extra dividend &c ono-haif
of ! per cent September 15 TO stock
holders of record August 30
New-York tribune., 1919-08-22
Miscellaneous OH Compan;es
London Money Market

London Money Market LONDON
Aug. 2l.-Money, 31s per cent; dis
count rates, short bills, 7-l6a33, Der
cent; cent three months bills, 39-le@3ss
11 1ao M oe"'' 1old premiums at Lisbon,
New-York tribune., 1919-08-22
Regular Declarations
Financial Items

homas A. Buckner. vice -prcHident II
the New York Life Insurance Company
has been elected director Of thu Coluu.
bia Trust Company.
New-York tribune., 1919-08-22


Notice has been rl.d with tho State 81
perintendent Of Banks At Albany of jn;er-
tion TO organize the Yves, End Bank ~
BrooE.tn To operate 10 the Bath Beach
and Bensonhurst sections of that borough
AT meeting Of tho directors OF the
Chemical National Bank r Twin Gibbs as
sisiant secretary of the Farmers Loan and
Trust Company WAS appointed "A trust
officer and Wilbur +. Crook for several
years credit manager OF the bank assistant
cashier.
The J. c. Penney Company reports sales
for July OF sl.s53.23s.54 an increase Of
s4l ,sb9 u. and for the first six months OF
1919 sales Of si3.259. .3S222. an increase OF
$3.50. 577o7.
Henry Morgan has purchased the New
york stock Exchange seat OF Norman J.
Roam FOR 10000.
Charles q. Miller has been admitted To
membership on the New York Stock EN-
change
William Stern Is now assocfatcd with
Posner & CO. as manager in their branch
onice in the METROPOLITAN Building
Directors OF Cities Service Company have
authorized an additional privilege Of con-
version OF 10 per cent of the prfncipal
amount Of Cities Service Company series
New-York tribune., 1919-08-22
Money and Credit

AS result of the increased market
operations yesterday, call money rates
stlffened aomewhat in the afternoon.
Money opened at 5 per cent and closed
at 6 per cent. The high for the day
was Ga per cent.
The ruling rates for money yesterday,
compared with year ago, were as
follows:
Yesterday. Year arc,
Per cent. PEI cent.
Call money:
New-York tribune., 1919-08-22

Liberty National Bank has been ap-
pointed registrar OF the preferred and
common stocks OF both tho Pennsylvania
Public Service Corporation and the Tarony
Steel Company.
New-York tribune., 1919-08-22

per csat convertible gold dsheriares hsia
on August l. on and after 80 p5snher :
This Is the oigEfh such priA 80 rarilat
conversion ckended 20 toilcrs - thess
dtbtBtures
Neville Gordon Hart anl ga H44gi hs"e
formed a partnership und~r fh- frn afss
% HafL & bAupi. Wtfn niftEFs a. fi q 40
way Thev afe fefnoeTs rf ffr Nfw fofs
Stock ENcl2uxe atd viii coaduft sen.
efal brokerage business ia stocks en-"
bonds,
Hugh r. Donneliy credit mansxet of tfS
Italian Discount aud Trust Company, ~
York has been appointed assistant secs~
tary OF that company.
New-York tribune., 1919-08-22

Bank Cearings-Bank clearings YES.
terday were:
New-York tribune., 1919-08-22

All a Annual dividend rate also in dollar,
based o sha o
New-York tribune., 1919-08-22

Henry Morgan has purchased the New
york stock Exchange seat OF Norman j.
Roam FOR $40. 600
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-01-30
Total ............s,7ss 28.1o sos

Cattle-A moderate supply Of cat
tie was on hand today estimated
a 1890 head and trading on steers was
about steady with yesterday but anywhere
from use TO S1.00 lower than a week ago,
best grades selling from $16.25Q17.5O'
medium warmed up lots anywhere from
Sl5.00016.25 and common to fair kinds
on down Butcher stock was uneven
early business was steady with yesterday
with an easier tendency. AS compared
with a week ago butcher stock was fully
S1.0O under last week. Bulls and calves
were steady today but good beer bulls are
S1.00@1.50 lower than week ago ana
bolognas 25@25c lower Stockers and
Quotations on Cattle-Good to choice
beeves. S16.50@1s.25 fair to good beeves,
S1400@16.00; common to fair beeves,
S12.75@I4O0; good to choice yearlings.
S1500m1G.25; fair to good yearlln4s
s130O@14.00; common to fair yearlings,
beeves, S15.00@16.00; fair TO good grass
beeves, S1S.00@15.O0; common to fair
grass beeves, ss.0O@12.50; Mexican
beeves, $S.00@1000; good to choice heif-
ers, $11.O0@1S5O; prime cows $1l50@
1900; good to choice cows, S9.21 @ll.OO;'
to fair cows. s6.O0@725 choice to prime
feeders, s13.75@16.OO; good to choice
feeders, $1200013.50; medium to good
feeders. s1O50912.00; good to choice
stockers, S1O.O0W12.0Oi fair to good Stock
ers, $S.5OQ100O; common to fair grades,
S75008.50; stock heifers. S6.50@S.50;
stock cows, s6.25@75O; stock calves,
s70069.50; veal calves, s7.00@13.75;
bulls, stays, ETC., $S.00@l0.00.
Hogs-There was another heavy run
Of hogs here today, SS1 loads, estimated
at 23,500 head There was a carry-over
Of over 5000 head. Many believe that
this estimate Of fresh receipts would be
exceeded before the market closed. There
was little change in prices, remaining at
the minimum established for this mar
ket Heavy hogs were probably more
unevenly weaker than yesterday morn
ing and only a small proportion Of re-
receipts changed hands. being variously
estimated at close to 10000 held over un-
sold. Bulk Of sales was $1s75@l720,
with top at s1740.
Sheep--Receipts today amounted TO AZ
loads estimated at 1900 head Buyers
seemed to be rather anxious for fresh
supplies this morning and trading began
at an early hour. with most Of the fat
lambs selling at $15.75 @16.10, with tops
quotable at s16.25, probably 15@25c
higher than yesterday A slzeable string
of feedrs sold at S1AS5. Sheep were
steady to stronger.
Quotations on sheep: Lambs, good to
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-01-30
ChIcago LIre SOL.

Chicago, Jan. Notwithstanding,
5000 head; beef steers, butcher cattle and
good feeders, steady; Gamers and me-
dunn cows and light stock, slow to lower;
changed except cows and heifers, $3.50 q
400; Gamers and cutters, S5,60@6.65.
Hogs-Receipts, $4,000 head; market
steady to strong at yesterdays average
on better grades, others slow; pigs soc
to 81 higher than Monday; bulk of sales,
S1785@17.65; butchers, $1Z55@17.75;
light, s16.5091750; packing, S16.50@
1885, throwouts, $15.75@16.5O; pigs, good
to choice, $12.50@15.5O.
Sheep and Lambs-Receipts, 1000 head;
fat lambs, 25c to 40c higher; sheep and
yearlings, 15c to Csc higher; feeders,
steady; lambs, choice and prime, S16.75@
100; medium and good S15.50@16.75;
culls, $12.00@1A25; ewes, choice and
prime, $1O.75@11.00; medium and good,
$9,50@1O75; culls, $6.O0@S.00.
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-01-30
National Boxing Tournament
to Be Held in Boston in April

New York, Jan. 29-Secretary +.
w. Ruben, of the Amateur Athletic
union, announced here tonight that
this years national boxing cham
pionship tournament would be held
at Mechanics hall, Boston, under the
auspices of the Boston Athletic as.
ISOLATION, April 7 and 8.
The Metropolitan boxing tourney
has been awarded to the Brother
hood Of American Railway Express
employees, who have arranged for
the events in eight classes. They
will be decided at Madison Square
Garden here, March u and %.
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-01-30
Claimant Of Title in
the Light Heavyweight
Class Plans Big Tour

Mason City, Ia. Jan. 29.-Helmer
Myre, claimanto + the light heavy
weight wrestling honors of the
world is planning on a trip through
Nebraska this spring, according to
an announcement which has lust
been made by Frank Ryan. his man
ager here. He claims his title by
reason of his victory over Clarence
Eklund at Charles City a year ago.
Myre has not appeared in a ring
since last summer with one excep-
ton. The last time he entered the
ring was at the Iowa state fair last
year. He has met two defeats in the
last four years. Eklund defeated
him once but lost in a later match
and Caddock threw him a couple
of times in a match here one night
just before Gene Melady's protegc
sailed for France. M
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-01-30
Dinner
and TRIMMINGS
AT CLUB TONIGHT
Lovers Of Athletics Win Out
Over Others and viii
Stage Stag Event for
Themselves.

Lovers of sports among the menu
bership of the Athletic club have
finally won point over the Beau
Brummels.
A restricted stag party is the big
event tonight, and positively no
ladies will be allowed above the
first floor of the club.
Reason: A newly formed com
mittee for the entertainment, com
prising Gene Melady Frank La.
tenser, Clarke Colt and w. E.
Schall, has some interesting sur
prises.
The stays will be their own selves
tonight. Even the fire escapes will
be guarded to keep the members
restricted in their Jolly entertain.
ment from their wives or sweet.
hearts
While the men enjoy themselves
at beef steak dinners and poke one
another in the ribs in accord with
the special Secret" entertainment
the ladies will be wall-iiowers in the
grill, probably enjoying tete-a-tetes
about the "horrid brutes" above.
But, ladies, you are not forgotten
for you will be thoroughly enter
tanned with orchestra music.
The program is as follows:
6-s o'cloek-Beef steak dinner. Feast.
ing will be enhanced by the presence Of
a jazZ orchestra a coIored oua rtet ana
cabaret entertainment
f;4b-Swimming exhibition IN the pool
s:l5-Wrestling and athletic events IN
the gymnasium Earl Pesek will give an
exhibition of various wrestling holds.
There will be no reservation Of
dinner plates, the committee having
decided on a policy of first come,
first served.
+ Preparations are being made for
600 persons.
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-01-30
Market and Industrial News Of the Day
FINANCIAL

New York, Jan. 29-Complete domi-
nance of todays stock market by United
States Steel was the logical sequel to
yesterdays cut in the steel common
extra" dividend from to l per cent be-
cause OF smaller earnings.
Spectators and traders as whole
interpreted the reduction as especially APP
plicable to other industrials, including
former war brides" whose future dis
bursements are expected to be guided by
the conservative policy Of the steel cor
poration.
United States Steel had feverlsh open
ing at an extreme setback OF ~ points,
rallied a fraction and later broke to ssh,
closing at a loss OF Sh points on turn
over aggregating about one-third OF the
days total operations
Associated industrials lost to points,
Bethlehem, Crucible and Lackawanna
Steels and Republic Iron yielding easily
with American Car and Baldwin Loco
motive. Motors, coppers and tobacoos
dropped l to points and specialties were
heavy but dull.
Rails were affected by additional De-
cember statements Of earnings, systems
such as Canadian Pacific, Baltimore and
Ohio and Southern Railway showing net
decreases Of 100000 to s1,50O, 900. partly
offset, however. by the more favorable
returns Of Reading, Jersey Central and
Nickel Plate"
Two stocks Of different caliber Marine
preferred and hide and leather preferred,
were conspicuous for their relative
strength, holding their substantial gains
to the end
Aside from Anglo-French S. which rose
fraction to 97.7s, their maximum since
1917, the bond list, including Liberty
issues, was Irregular, mostly at nominal
recessions. Total sales (par value) ag-
gregated $l1,S75,000. Old United States
bonds were unchanged on call.
fractional rally in United States Steel
at midday was succeeded by fresh selling,
forcing that stock down to a lower level.
Other industrials weakened, Baldwin 'Lo-
connective losing y points, while oils can
celed their gains and specialties in gem
eral made further concessions.
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-01-30
New York Coffee.

New York, Jan. 29.-There was a mod
crate volume Of business in the market
for coffee futures today and further
improvement in prices owing to reports
of continued steadiness in Brazilian mar
kets as a result OF European buying. The
opening here was to 10 points higher,
with May contracts selling up to 1S.65c
and December TO 1920 during the day
on scattered covering and a little buying
for trade accounts The market closed
at about the best point Of the day, show
ing a net advance Of 80 to 81 points.
May, 1850; July, 1850: September,
1886; October, 1890; December, 1322c;
January, 13.17c. Spot, steady; Rio Is,
14hci Santos IS 21hc. Few fresh offers
were reported in the cost and freight and
sales were reported Of Santos As in a
small way at 1900, London credits,
The official cables reported an advance
Of 275 reis in the Rio markets. Santos
spots were not quoted and futures were
unchanged to rs reis lower. Rio reported
clearance OF $4,000 bags for New Or
leans
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-01-30
Kansas Cltv Live stock.

Kansas City. Mo-, Jan. 29.-cattle-Re-
ceipts 10000 head; market steady to 10c
lower; no southerners; prime fed steers,
$1s.00@19.0O; dressed beef steers, $1,000 q
1900; western steers $1o.o0017OO;
southern steers, nominally $7.00@13.00;
cows, s6.25@14.00; heifers, $s.00@14.O0;
stockers and feeders, ss,O0@16.00; bulls,
$7.50911.O0; calves, S7.00@14O0.
Hogs-Receipts, $4,000 head: market
steady; bulk of sales, S16.90@17s5i
heavy, s17.25@17.55; packers and butch
ers, s17.25@1750; lights, S16.75@lI10;
pigs, $12.00@14.25.
Sheep and Lambs-Receipts, 5000 head
market 10c and 15c higher; lambs, $500
@16.5O; yearlings, $1O.O0@14.60; wethers,
s9.00@l1.5O; ewes, $s.00@1O.50; stockers
and feeders, ss.00016.0O.
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-01-30
Courtney Again to Coach
Cornell University Crew

Ithica, N. Y. Jan. 29.-Charles f.
Courtney, who because of failing
health retired as head of the Cornell
crew in 1916. has reaccepted that po-
sition, it was announced here today.
He will be assisted next season BY
John Collyer, assistant coach last
year, and John Hoyle, boat builder.
Mr. Courtney, who is 90 years Of
age, had completed So years Of ac-
tive coaching at Cornell, when he
announced his retirement. Since
then he has acted in an advisory
capacity.
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-01-30
Wyoming Lands.

WAEATLANgp-NVyn ming farms. $50 per
D including paid up water right denrS
i q q ~ Rylaador, eEt Omaha NAI
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-01-30
GRAIN MARKET
omaha. Jan. BE-. 19l9.

Receipts OF grain were generally light
with &c cars Of wheat, 81 cars of corn, 40
cars of oats, is cars Of rye and ~ cars OF
barley Last Thursday receipts were 20
cars Of wheat. 9s cars Of corn, AZ cars OF
oats cars of rye and Is cars OF barley.
Corn prices generally ranged from un-
changed to &c higher, the bulk bringing
several cents advance. Several cars OF NO.
s yellow Of inferior grade sold 1Q2c Pc
low Yesterdays price, but the bulk was
UNCHANGED to higher. Corn offerings sold
very readily and the tables were cleared
up early
oats were nc up to 1hc lower, the bulk
going at about &c decline. Rye prices
were &c higher.
Barley was 1c off to &c up.
Wheat market was unchanged.
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-01-30
New York Produce.

New York, Jan. s.-Butter-Market,
lower; creamery, higher than extras, AN
q 4sc; creamery extras, 46h q 47c; firsts,
44@46c.
Eggs-Market, lower; fresh gathered
extras, 61062e; fresh gathered, regular
packed, extra flrsts, 59@60e; do, firsts,
57h @5Shc.
Cheese-Market, lower; state current
make, specials, 34h s5e; do, average run,
sac
Dressed Poultry-Afarket. dull; chickens,
24@S4he; fowls, 25@35c.
Live Poultry--Market. firm; chickens,
2s@2sc; other prices unchanged.
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-01-30
st. Louis Live stock.

st. Louis, Jan. 29.-Cattle-Reeeipts
5000 head; market steady; native beef
steers, $11.5OQ1S.50; yearling steers and
heifers, $9.5O@16.00; cows, $7.50@125O;
prime southern beef steers, $40. O0@1S.OO;
beef ewes and heifers, s7.50915.0O; can
ners and cutters, $725Qs,OO; native
calves, $7.75@14.50.
Hogs-Receipts, 1890 head; market
steady; lights, s16.sOQ17.4O; pigs, $4,000
1900; mixed and butchers, S17.20@1E75;
good heavy, $1760@17.75; bulk Of sales
$1IS0@177O.
Sheep and Lambs-Receipts, 500 head
market steady; lambs, $1,000 @16.25; ewes,
$s.509105O; Gamers and choppers, $500
$500.