davidaulloa/AmericanStories huggingface dataset:
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-01-12

time TO settle at the conference the de-
tails of these methods and the struc-
ture of these organizations, but 1t is
essential that a beginning should be
made and solid foundations laid be-
fore the conference separates"
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-10-06

tAeoHlttse W por Se u
During this week four special
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-10-06
pirate 100000 to enable the geological

surye yto cary on its work.
George H. Merryweather, secretary
and treasurer of the American Whole
sale Coal Association says that
potential shortage of .S25,O00,00O tons
Of Coal is being reduced at the rate OF
one million tons week. The shortage
has been reduced to 100000 tons.
Slow unloading of coal in Canada
has stopped as the province of On
tario is enforcing regulation allow
ing coal cars to remain unloaded six
days Previously the regulation hat
been dead letter.
A series of studies Of the coal meas.
ures of Pennsylvania will be under
taken by DR.. G. IL. Ashley, state
geologist of Pennsylvaia. The work
started in Western Pennsylvania this
week.
A party of English coal operators
were in the western Pennsylvania
district last week making survey
of labor conditions. Herbert T. Can
tey, the spokesman of the party said:
what we learn here, We hope, will
aid in solving the British coal labor
question"
Publicity incident to the "buy early
campaign" has upset the anthracite
market,and caused dealers to become
panicky says E. E. LOOMS, presi-
dent Of the Lehigh Valley Railroad
Company, who adds that coal pro-
duction is satisfactory and he looks
for no shortage.
Conference Postponed.
The international trade conference
to have been held in Atlantic City this
week has been postponed until Oct.
30, when the gathering will be held.
Lack of adequate steamship accom-
Aodations now in European waters
to bring the British, French and Bel
gian delegates is given as the reason
for the postponement. 1t will be re-
called that this is the conference to
which Harry N. Taylor, President Of
the National Coal Association, APP
pointed a special committee of the
Association, headed by F. w. Will
shire, of the Consolidation Coal Com
ptny of New York CITY to- represent
the bituminous coal industry.
4 Loading At Baltimore.
The official figures for the export
loading at Baltimore for the third
week of September was 1850 tons OF
cargo coal and 1891 tons of bunker
fuel for the coal carriers. For the
month of September 20 the toal
dumpings 10 foreign bound coal car
t.iare 11,oo 0ln 516 toms
The coal trade is greatly pleased
by the reopening of the Locust Point
pier Of the B. & o. RR. The resump.
ton on harbor and bunker trade
handling by this pier gave a better
chance for Canton to clean up some
Of the export congestion there.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-10-06
lei AssIF He'd ADVE.R Using
- es,s e aiasn CASH WITH ORDER
FARMs FnR SALR

- ~
Al DANDY 40 ACRE doNE FOR
81, $50. 81 800 down. alanca "a suit
This little farm Is only ! hail mile AZ
OF as good piked road IS there s q
the state OF Ohio, II has { good totit
room house, good, barn and plenty o
out buildings Good water II the
yard several fruit trees e che. y2fa
that furnish an abundance o. sraa ~
There Is. a good orchard Of choice ar
piles and several young peach tree
You would have toisee this little henie
to appreciate II. This farm IS "a the
heart OF good gas field and e under
lease. II you want 8 fine little hollig
wire US that you are coming, and sws
will meet you at Dpndas Iiis VIII
sell quick. Miles e. Dawson. Me:
Arthur. Ohio. lQ'6'sts6ssS
A GOOD STOCK, ESPECIAL
Sheep farm at a good bargaiu
per acre. This farm consists Of 5Q
acres of good hill, land, is well We ler:
ed, and has good buildings seven
loom house with cellar, two stock
barns horse and hay barn, gooci
granary, corn crib and wagon house
smoke house and poultry house sgc
gas wells that pay $500, per yeas
Fruit for home use. Twenty acres %
second growth timber. Forty acres 81
crops this year, sixty acres IN mea
ows. This farm is In good neighhof
hood close to church and school
money-maker and will 90 dllc
Write or wire before you start anu
we will meet you in Dundas Miles q
Dawson, Macarthur, Ohio. 10.e-st-65s2
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-10-06
-HEIp WANTEp MALE

WANTED Two good men % learn
the Insurance Business. Cali oc-
tween 6 and 8 P. NJ. at Room -,
Fleming Building. 1O-l-st-66sz
W1NTED-Young man at once, sales
manship ability. Apply Room No. z,
Manley hotel 10-6-2t-60b5
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-10-06

HELP. WANTED-FE NtALE
=. = @SN%NNN~~4ese-~r ~e-S-eSe1eSNsNIe
WANTED Good lady for houseEeeper
in small family. One little girl, two
BOYS and myself. Want lady 80 or 40
Years old. Good place to anyone want
ing to live IN Warrington. Address ].
il. Dunn, 806 Main ST., Warrington. ".
Va. 1O-6-3t-ooo4
New-York tribune., 1919-05-04
New Jersey Tax on
Railroads Larger
Levy on the Pennsylvania Is
the Largest, Exceeding
$4,000. 900

TRENTON, N. j., May 3.-There is
an increase of S2,241, ,2S7.2O in the tax
for 1919 over that of 1918 against the
railroad companies operating in New
Jersey, according to the figures in the
assessment that has been levied by
the State Board of Taxes and Assess
ments against the railroad and canal
property in the state for this year.
The amount Of tax to be paid by
the railroads is 1O.545, ,625.59. 1t is
levied upon total valuation of S364,-
531, ,941, which is the same as that used
by the state board in 1918. The in
crease in the tax resulted from the in
crease in the average tax rate of the
station, which is S2.S53 for this year,
as against S2,377 for 1918, and to in
creases in local tax rates.
The largest assessment is against
the Pennsylvania Railroad system,
which will have to pay S3,255. .959 on
an aggregate valuation Of $112,746,3O2
The next largest is that of the Central
Railroad of New Jersey, which will pay
S2125,5lS on an aggregate valuation
of S72, 2,5O7,S9
The tax and valuation of the other
roads are: Philadelphia & Reading,
valuation $16.757,612, tax $S3, ,403; Erie.
valuation $29, ,254, ,459, tax S204 .297;
Delaware, Lackawanna & Western.
valuation $50, ,703, 400, tax $3.50. .494:
New York, Susquehanna G. Western,
valuation $7,S00,966, tax S35.O82: L.e
high Valley, valuation $35,017.482. tax
S239,949; New York Central. valuation
$15,341 232, tax S63,574; railroads not
classified, valuation $15,4O2 500, tax
$66,351.
New-York tribune., 1919-05-04
Municipal Bond Sales

State and municipal bonds sold in
April aggregated S6O,717,480 compared
with $12,005,443 in the corresponding
month of 1913. "The Bond Buyer" saws
in this connection: "This year the
April crop of new bonds compares
favorably with pre-war years and the
total financing for the first four
months of the year indicates a return
to normal conditions with respect to
the floating of new capital issues and
the purchase of materials, transnorta-
tlon and labor for non-war purposes.
1t IS also of interest in this conncc-
ton that authorizations of new bond
issues are unusually heavy, which means
that emissions of state and citv bonds
Will continue on a large scale for some
time to come"
New-York tribune., 1919-05-04
The Dollar i'm Foreign Exchange

The principal development in the for
eign exchange market last week was
the announcement by the foreign ex-
change Division Of the Federal Reserve
Board that remittanccs can be made to
Germany through the American reies
for persons in the United States to
transfer funds TO Germany for the first
time since carly in the war. The trans
tera are mada through the shipment
and sails Of American food in Germany,
the proceeds OF such sales being avail
New-York tribune., 1919-05-04
lngersOll-Rand's Year

Net earnings of the Ingersoll- Rand
Company for the year ended Deccm-
Der 81, 1918, were $1O,8Oo,765, against
$9,674,1S2 for the year before. From
this amount depreciation of S983.167
and interest aggregating $4,000 were
deducted Federal taxes of $4,000. 600
wer5 almost doub' the sum paid the
government in 1917. Holders of the pre-
ferred stock shared $311,944 in divi-
dends while the common shareholders
received $1,0S9,5S0 After all expenses
and charges surplus was $2.255 ,64S
compared with $1,769, ,667 for the pre-
ceding year.
New-York tribune., 1919-05-04
Market Opinion
Market Needs crest"

ut is surprising that after the ad-
vance of the last three MONTHS" An
derson, Bruins & Co. say, 'the
stock market should not have had a
substantial relapse. Everything con-
sidered, it would not do the general
market any harm if it rested for a
while. In the interim investors could
look into the merits of corporations
that ought to reap Substantial profits
"hen business gets into its stride. In
our opinion, this country will enjoy a
period of large constructive ACTIVITY
later on in the year, but we should be
inclined to discriminate lust now and
to purchase stocks on recessions."
New-York tribune., 1919-05-04
Comment
The DAYS Market

Stock market prices advanced again
yesterday on heavy trading. For the
two hours the turnover approximated
100000 shares. Industrial specialties
were prominent. Heavy realizing sales
appeared in different parts of the list,
causing substantial recessions. The
closing WAS generally strong, with
some irregularity.
Westinghouse Electric was the
leader Of the industrial group, ad-
vancing AK points to 565s. Steel com
mon went to 1914 and closed u up, at
96M. Copper stocks developed a
strong tone, with Utah, Anaconda and
Inspiration the features. Atlantic,
Gulf & West Indies was prominent
IN the shipping group, at an advance
Of four points. Tobacco shares were
uniformly strong.
The bond market continued strong
and active. The Liberty Loan issues
were higher at the close.
To List "Movie" Stock
Application has been made to list the
stock of the Famous Players-Lasky
Corporation on the Stock Exchange
There are 10000 shares outstanding of
no par value of an authorized issue of
100000 shares. This company is the
largest motion picture producer and
distributor in the country, its products
being used in practically every nation
of the globe under the trade names of
paramount" and "Artcraft." Earnings
for the first quarter of 1919 are said to
have been at the rate Of $50 share for
the year.
Westinghouse the Feature
A result of the recent accumulation
in Westinghouse Electric and Manu-
featuring shares was seen yesterday in
the sharpest rise for siigle session
the stock has had since the bull mar
ket of 1916. The closing quotation of
56A Was also a new high record price
for the last three years. In 1915 the
peak price was 747s and in the year
following the high was 71Ss. The low
of 1919 was 3S13 and this years low
was 4012.
Sinclair Merger Again Reported
Sinclair Oil was an active feature Of
yesterdays market following the re-
vival of reports Of merger of this
company with the Sinclair Gulf prop
erty, whose stock is traded in on the
curb. A consolidation of the two COM
panies, twas stated, would mean that
the new company would have 10000
square miles of territory in Texas,
Mexico, Cuba. Colombia, Costa Rica
and Panama for development purposes,
in addition to big acreage in Okla
homa and Kansas.
Chicago Banker Retires
Word reached the financial district
yesterday that John ]. Mitchell, presi-
dent of the Illinois Trust and Savings
Bank of Chicago, after forty years of
service, will retire from the active
management. He will become chair
man of the board Of directors. az have
passed through fires, wars, panics and
az trials that enter into a bankers
life" he was quoted as saying, land I
feel that | have earned a vacation. !"
Mr.. Mitchell is sixty-six years old. and
is one of the oldest bankers of .he
country. He is the only living member
Of the board of directors that elected
him to the presidency of the Illinois
Trust Company IN 1874
New-York tribune., 1919-05-04
Control of Dominion Steel
Must Remain i'm Canada

MONTREAL, May 3.-A proposed
merger of the Dominion Steel Cor
poration and the Nova Scotia Steel and
Iron Company has been forbidden by
Sir Robert Borden, Premier of Canada,
unless control of the amalgamated en-
terprise remains in Canada, according
to cablegram sent from Paris by the
Premler and quoted in "The Financial
Times" "The Times" says that il is
generally understood that New York
and Boston capitalists control the Nova
Scotia concern, and that the British
authorities insist that the tremendous
ore properties of the Dominion cor
poration shall remain under British
dispOsal.
New-York tribune., 1919-05-04
Seek Larger Returns

I'VE believe" Boody, Mcclellan &
Co. state, from now on investors and
spectators alike should seek securi-
ties which give much larger dividend
returns than is the case in normal
times. This feature of the market will
become more and more prominent as
we go on. There are many seasoned
industrial preferred stocks which can
advance easily 10 to 20 per cent and
can be held with feeling of great
security. We are simply following in
the lead Of older nations in regard
ing these securities as having the
same basic foundation for safety as
the transport ton companies. We
must however, express our belief that
IN such time as This many new Sc
cuntles will appear on the surface of
speculation without intrinsic value.
There are enough of those which have
been tested by all the experiences Of
peace and war to furnish an opportu-
nlty for the investor and the specula-
tor
New-York tribune., 1919-05-04
Iron Mines Closing
Unsettlement in Steel Market
Causes Many TO Shut
Down

CHISHOLM, Mimi, May 3.-Many of
the small Independent mines in Mesaba
range have closed or have announced
their intention to close, and the larger
ones have reduced their working forces
4o to 90 per cent, it was learned to-
cay, because of unsettled conditions in
the steel market.
- Subsidiaries of the United States
Steel Corporation have not vet begun
to reduce their forces, depending on
la~ unified orders, but officials of
these companies said such action might
result from the unsettled conditions.
New-York tribune., 1919-05-04
kets- Investments
nited Cigar Stores
Increases Capital Stock

TRENTON, N. j., May 3.-The United
Cigar Stores Company of America fled
certificate with the Secretary of
State to-day increasing the capital
stock from S3O,00O,000 to S65,0OO, 900,
Of the increase, S5,O00,000 is per
cent preferred cumulative stock and
$30,000,000 common stock
New-York tribune., 1919-05-04
Good Purchases"

Wrenn Bros G. Co. state: "While it
IS admittedly quite difficult lust now
to select purchases to hold for other
than mere trading, there are neverthe-
less several classes of securities which
look attractive in this way. Amonp
lhdustral common stocks we do not vet
1eel like recommending any class ex-
cept coppers,, for this is the only group
which has been thoroughly liquidated
ana which represents an industry also
thoroughly hquidated However. for
those VINO are Indifferent to rather
wide fluctuations the stocks of bvdro-
electric power companies should be at-
tractlve, also the standard preferred
industrials, the best rails with lon~
dividend records and the majority Of
bank stocks"
New-York tribune., 1919-05-04
Finance Economics

movements. The initial upward
movement in the spring of 1915
lasted only nine weeks. However,
from the standpoint of prices, the
market had risen Is points in the
average industrial price and IL
points in the average railroad price
before the first reaction. The pres
ent market has advanced only 16
points in iridustrials and points in
railroad shares.
If the oil stocks needed any stim-
ulus it might have been supplied by
the estimate Of L. |. Requa, general
director of the oil division of the
Fuel Administration, that Germany
will reqpire 100000 tons of lubri-
eating oil within the next twelve
months, 5000 tons Of paraffine and
100000 tons of other petroleum
products, and that this oil will begin
to move as soon as the blockade is
lifted. Oil producers ard oil stock
buyers, however, may be wondering
where Germany will get the means
of payment.
To put the Victory notes on a
business basis was an affair for
the Treasury. Once that is done,
and it has been done, the business
aspect of the notes may be dis
missed from mind, or, rather, left
in the background Of the mind. 1t
is nothing that the individual should
put foremost. When you invest in
a bond purely on a business basis
you do SO because you have idle
funds to employ. You invest only
your surplus money. In investing
in the Victory loan the individual
should create a greater surplus. He
must save. He must be temporarily
not so liberal III the money he
spends on himself. The extent to
which he saves to invest is the ex-
tent of his sacrifice" One may
think that with the war ended the
need for sacrifice is ended. But the
war is not over until it is paid for.
New-York tribune., 1919-05-04
Wall Street Items

Walter B. Seymour has become asso-
ciatcd with Paine, Webber e. Co. in
their bond department.
swartwout e. Appenzellar, members
of the New York Stock Exchange, have
removed their Offices to Iii Broadway
f.. Fleischmann has been elected
vice tprosident Of the American Foreign
Banking Corporation.
New-York tribune., 1919-05-04
Money, Credit and Exchange

Loans and discounts Of the New York
Clearing House banks expanded s117,-
$4,000 to 5000, ,633 900 last week.
This was the largest increase in the
loan accC unit, with one exception. this
year and puts the total of loans close
to a record high level. The expansion
was attributed to increased stock cX-
change borrowings and government op-
orations.
Net demand deposits Of the banks
increased 25,S6S, 900 to S4,040,391 900.
Excess reserves decreased $S,743,720 to
$36,744,1S0. United States government
deposits with the banks at the end of
the week aggregated $337 ,526 900.
The Federal Reserve Bank of New
York reported gold in its vault and in
the gold settlement fund of $455,5S9,-
440 and redlscounts and advances
against United States government OBJ
legations of $67S, ,061.
Bank Acceptances.-Rate were un-
changed yesterday.
Thirty Sixty Ninety
Spot de days. days. days.
livery: Per cent.p9r cent.Per cent.
Eligible
member
banks ....4h@4 414@4A 4A@44
Eligible
non-mem-
Der banks4h@4 4h@414 49a@4h
Ineligible
bank bills54@4Ia 5I4@4Iz 5I4@4a4
for delivery within thirty days:
Per cent.
Eligible member banks. L..... 4fs
Nigible non-member baphs..... 4Ia
Ineligible bank bills. ........1.. s
Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper for all periods up to ninety days:
New-York tribune., 1919-05-04

Copyright 1919. New York Tribune Inc)
Unencumbered by the economic
theories of government officials,
British steelmakers have just ad-
vanced prices Of iron and steel,
though they were already higher
than the American level.
1t is reasonably safe to make the
broad statement that everybody in
Wall Street is bullish. By this is
meant that the predominating SEN
timent holds that we are in the
midst of bull market, that prices
will go much higher than now be-
fore the end of the year. Where
difference of opinion arises is in the
immediate out!ook-that Of the
next few days or the next few
weeks. Reactions, due to condi-
tions within the market, have al
ways been an integral part Of bull
markets of the past. AS prices go
up the market more and more at
tracts class of spectators who
buy on margin for no other reason
than that they expect to sell at
profit to somebody else. They buy
prices, not stocks. A time usually
comes when most of these people
want to take profits at the same
time, and there are not enough
people on that day or series of days
moved by the impulse to buy Then
sets in Technical reaction"
Wall Street has been looking for
such a reaction. In real bull mar
ket Wall Street usually looks for
such reaction long before it ap-
pears. Wall Street thereby some
times loses a lot of money. The
outside public appears. The out
side public does not understand
much about Technical reactions"
and goes right ahead buying stocks.
Professional Wall Street, to it's dis
may, finds that the stocks which it
has sold the public continue to rise.
The present movement has lasted
twelve weeks, which is long for such
New-York tribune., 1919-05-04
Significant Accumulation ?

According to c. l. Hudson e. Co.,
Ohio Cities Gas is being accumulated
by some of the same people who were
largely interested in the recent rise
IN Royal Dutch New York.
New-York tribune., 1919-05-04
Germany Needs
Vast Quantity
OF Oil Products
Requa Says Requirements
Are Over a Million Tons;
Development Work Is
Proceeding Rapidly

Mark l.. Requa, director Of the oil
division of the United States Fuel Ad-
ministration, said yesterday that Ger
many's supplies of petroleum and pc
troleum products have been about ex
hausted by the long drain on her re-
sources resulting from the Allied
blockade, and that the country needs
hundreds of thousands of tons of such
mmodities.
According to Mr.. Requa's estimate
Germany needs approximately 100000
tons of lubricating oil to cover her re-
quirements during the next twelve
months. "She also will require ap-
proxmately 5000 tons of parafne,"
he said, land 100000 tons of other pc
troleum products. This oil is expected
to move into Germany as soon as tho
blockade is lifted
Bulk from United States
Oil trade men were unable to csti-
mate how much of the oil and oil
products required by Germany will
have to come from the United States,
ly the greater portion would be pur-
chased here provided Germany can
find means of paying for such pur-
chaSeS
Development work in the principal
producing fields of the country CON
tinues on large scale. During the
month of April, according to the coil
City Derrick" 2,23S new wells were
completed with an initial production of
l37l29 barrels, an increase of 264 COM
plctions over March and a decrease of
1852 in production.
An increased number of completions
were reported from Pennsylvania. Ken
tucky, Kansas, north Texas, Gulf Coast
and Wyoming, with Oklahoma report
ing only two more The gains in new
production came from the Pennsylvania
division, Kentucky, Illinois, Kansas
north Louisiana and Wyoming. The
largest loss was of 1000 barrels in
North Texas, that field not reporting
so many gushers as in the previous
month. As compared with the report
for April. 1918, the present figures cx-
hibit a loss of seven in compilations and
a gain of 2,469 barrels in the new pro-
d -ction obtained.
North Texas Leads
"North Texas was the leading field
IN the amount of initial production
obta med during the month"; "The
Derrick says, "the total from the POS
wells completed being 46,39O barrels.
While there were 81 more competitions
the new production shows a decrease of
20,020 barrels from the March report
There was more than the usual mum
Der of dry holes reported, the total
being 3S, or II more than in March,
There were fewer gushcrs found dur
ing April than in the previous months
since the fields of Eastland County
were opened Burkburnett is holding
its own as a rich pool, and the strik-
ing Of a large we'll several miles to
the northwest OF production adds to
the interest in that section. Operations
arc increasing rapidly in all directions,
with the result that at the end of the
month there was an increase of 144
in rigs and wells drilling the total
being 474 rigs and 1,414 drilling"
At the end of April there were 6,65S
rigs and wells drilling in the country,
the greatest activity on record. The
previous record was 6,545 at the end
Of NOVcmb Der 1918
New-York tribune., 1919-05-04
In the Cotton Market

The cotton market situation is
summed up as follows by Lehman
Bros; "The export situation shows
some Improvement, but we believe that
scarcity of tonnage will prevent any
sudden increase in shipments, even
when peace is concluded and credits
are arranged for. The technical posi-
tion Of the market has also become
weaker with the constant rise and we
believe that, were anything to occur to
cause change of outlook, cotton
values would decline very rapidly"
Additional Financial Ne1vs qoiN
be tound on page nine, this section. J