davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-10-09
Money and Credit

The renewal rate on call loans at the
Stock Exchange yesterday, 9 per cent,
was the highest, with one exception,
in the last five years. That was on
July 81 of this year. when the same
renewal rate obtained.
The opening rate yesterday was also
per cent, and most of the days loans
were made on that basis, 1885. 900
out of total of $23,59s,0OO. In the
afternoon after the banks ceased call
ing loans offerings increased and the
rate fell to per cent. At the close
approximately s15,o00,ooo remained
unloaned.
The range on call money at the ex-
Open. High. Low. Last, Renewal.
Amounts loaned at various rates:
Per cent
21700,000 at.
Total loans, s2s.5s5,oo against $780,
$4,000 on Tuesday.
Bank Clearings-New York: Ex-
changes. 1896, ,72o.47o; balances $7o,-
9e9,924.
Sub-Treasury-United States Sub
Treasury debit balance, 1912. .l72; Fed
eral Reserve credit balance, $44s, ,2s2,-
234.
Silver-London. 6s%d: New York.
s1.l7B; Mexican dollars. 91%@95%.
The Dollar in Foreign Exchange
The offering Of a large volume of
sterling bills against the shipment of
cotton to Great Britain made sterling
exchange somewhat weaker yesterday
Gables closed at s4.l9A, compared
with $4.2l the previous day. Bankers
predicted another sharp break in ster.
ing soon. Rates on Paris, Antwerp
Rome and Berlin also moved in favor
of New York.
Yesterdays rates, compared with
those Of week ago, follows:
] Al Aoll II.
New-York tribune., 1919-10-09
Securities and Money
Prices Advance
Again ON Broad
Stock Market
Steel Common, Leading
Rise, Reaches ITO: Mo-
tor and Copper Shares
Show Strength

New factors served as the basis for
the advance yesterday. The market was
the broadest and the most active in
weeks. and despite rccessons from the
high prices of the day on realizing
es es the closing was strong. II
looked as though the churning Of the
industrial srecialties by. professional
traders In recent days had attracted
a larger public following.
Private information received in the
stleet to the effect that the peace
treaty will be ratified by the Senate
before November l and that construc
tive legislation covering the problem of
railroad control will be ready by earlv
December helped sentiment and brougn,
in new buying.
The Street was also impressed by the
latest statements of steel trade experts
which said that the strike had been
broken and that the men are returning
stated, however. that the demoraiza-
tion of the industry by reason of the
labor trouble will be felt for long
time to come. as it forced the post.
ponement Of deliveries on many con-
tracts and delayed the placing of new
business. Nevertheless. the outlook is
so much more favorable than it was a
fortnight ago that buying Of steel
shares was resumed actively yester-
day, In fact, this was the outstanding
development in the days market.
Steel common rose from a low OF
l06eb to q high Of 10, the latter the
highest point reached on the recovery.
and closed 2A points up at lO9A.
Other steel shares displayed similar
degree Of strength, although the buy
ing was not so active. Much Of the
demand for Steel common came from
operators who have previously sold the
stock in anticipation of a decline.
When it displayed such vigorous
strength early yesterday these traders
came in and bought heavily.
The market as q who'e was much
better balanced than on Tuesday. The
same bidding up Of industrial special
ties went on, but the strength of the
steels, coppers and other more sea-
soned issues gave the market much
better appearance, making it look much
less artificial. Railway shares were
tirm but not so prominent in the trad
disappointment was expressed over the
announcement of the Director General
Of Railroads that no increase in freight
rates will be granted the carriers be-
fore the return of the roads to private
control on January /.
Less active borrowing Of money for
stock market purposes was reported
but rates we're fairly maintained until
we'll into the afternoon. The renewal
rate. Of per cent on call loans was
the highest since July i. At the close
call money was freely offered at 6 per
cent, with no demand. AS on other days
recently the high rates for stock mar
ket credit did not seem to discourage
speculative operations to any appreci-
able degree.
In all, 29S different stocks were
bought and sold yesterday. compared
with 290 on Tuesday. while dealings ex-
banded to $4,000 shares, against
1891 500 shares.
New-York tribune., 1919-10-09
Flood OF Cotton Bills
May Break Pound Rate
Severe Break in Sterling Ex-
pec,ed Soon; 1919 Require
ments Provided For

great flood of sterling bills against
the shipment of cotton to Great Britain
is coming from the South into the
foreign exchange market here. Bank
ers estimated that $500 900 Of ster-
ling bills were offered yesterday and
the inflow is expected to increase un-
I'll after the October, November and
December deliveries of the staple of
the South are comp.cted
Feeling that the demand for sterlinr
bills here wi / be far under the de-.
mand, one OF the lar est cxchanec op-
orators ycste da cAiios ed us be ief
that severe hrea- in sler.iu- wound
tale pace v.,hln a wco ana thaf
ster Ing would t, Sii0 N th $
movement I-e further predicted S.
sterling.
Many dca 'ers in evchanre take the
view that the larger Part of the com
mitments for the rest of 1919 of the
banks, and commercial houses have
already been provided for. Importers
are already buying sterling exchange
against next years purchases. al
though some are holding off for a
lower rate: Bankers who expect a
further decline assert that the demand
Will be far inadequate to take care
of the large volume of bills that will
flow into the market before the end
of the year
The pressure of new bills made ster-
ling decline YESTERDAY At the close
cables were quoted at Sll9l4. com
pared with SAIL the previous dny.
New-York tribune., 1919-10-09
About the Railroad Muddle

A report reached railroad Offices here
yesterday from Wa shington that Con-
gress wou d enact important rail legis-
lation by December /. Unless some
legislative plan is adopted before the
roads are returned to private owners,
the compa..ies would receive control
again with mingled feelings A leading
authority on the railroad situation
said yesterday the trouble with most
OF the plans proposed was that
they did not provide sufficient induce
ment to attract new money into the
railroads. If you shacklc railroad earn
lngs, he said, investors in the future
VIII be tempted to put their money
into unshack ed INDUSTRIES where there
Is no limit to possible earnings. The
only way to limit earnings at the tor
without keeping out fresh capital is
to guarantee minimum earninps
New-York tribune., 1919-10-09
Cuba Cane Sugar
May Seek I,4ore
Working g Capital
report Stresses Need of Ad.
ditional Funds to Carry
Crop Until Harvest: New
Financing Not Decided

directors Of the Cuba Cane Sugar
corporal tlon are considering new financ-
ing plans for furnishing oddi. ;ono]
working capital to aid the company in
carrying over its crop until harvested
lhls was learned yesterday fo. ,owing
publication Of the rep rt Of a snecia1
committee that was appointed last Ju y
70 examine the report of Georae W
uoethaIs & Co. and to make sp.c.a.
recomme thercfrom. Charles
Iiayoen' or Hayden. Stone g. Co., is
chairman Of the COMMITTEES.
Regarding new financing tho Hsvder
committee said:
AS stated in the Goethals report.
the corporation originally lacked York
ing capital. Of the amount raoli1nd
from the sale of its stock nil but
S3'600,000 was required to nav for thc
properties originally purchased. II was
expected that this shortage in working
c"plta' would be made up out OF earn
lngs' but the surplus profits of the first
year were used in the purchase Of the
stewart plantation, and the surplus of
the following years in defraying the
costs and expenses Of other add tion,
and improvements.
while such expenditures were mcdo
20 increase the produc ion and earn.
hGs OF the corporati II. this use of its
surplus earnings has deprived il to that
Xtent of wo king capilal In view o
he increase of al production cos.s and
me larger amount of money that is re
CURED to carry the corporations or n
until the same is marketed. the com
mittee recommends tAat some fin ncia
arrangement be made whereby thr cor
poratlon will be furnished with ample
additional capital"
Frederick Strauss chairman of the
yesterday that 1t had not yet bcen do.
termined what form the new financinp
would assume. There was talk carlv
last summer of $25 900, 900 note issue
The Hayden committee recommended
further that:
me management consider and report
whether an increase in the cane to ho
raised direct by the corporation is
possible and desirable.
The chairman Of tho executive com.
New-York tribune., 1919-10-09

mlttee be elected to devote all his time
to the business, the executive Commit
zee belEg reduced TO a compact work
ing body and meet at .eas, once week
TO receive and cons der regular reports
from All departments.
In addlIoh, the committee recon-
mended THAI the auditing and book
teeplng departments ol The company be
II ansferred from havana 10 New York;
that It be determined whe her a reduc
tlon IN Havana once expenses is pos
OF the business; tat i.lve,tI1ation
be made of the s.o.ase lac .es of
ne western Plantations t. determine
neither they should be mere ,sed, and
That the various suggestions made in
the Eoethais report Dc carefully con-
Sidcred by the Infringement and q re-
port on ,he polnes involved be mare.
with rec mmeAdat.cns as 20 Procedure
~ the president Of the corporation.
New-York tribune., 1919-10-09
The Hines Letter

Those who professed to take long
range view of the railroad situation
yesterday placed bullish construction
on the letter to the Association of
Halfway Executives by Director Gener-
al Hines, in which he stated there
would be no general increase in fre;pht
rates while the government retains
control of the carriers. They argued
that by delaying rate action until af
ter the return Of the roads to private
management the prospects were good
TOR an increase even greater than the
10 per cent talked of last summer. A
10 per cent advance would have added
between S300,000 900 and $500, 900 900
to the revenues of the roads. It is be-
lleved IN some quarters that an in
crease when it does come will amount
to Is per cent
New-York tribune., 1919-10-09
Studebaker a Market Leader

StudebaKer Corporation common came
into prominence yesterday as the mar
ket's most active stock, next to Steel
common, and also the strongest of the
motor group. 1t started early, main
tanning its strength throughout the
session. Opening at 119A, Studebaker
quickly ran forward to 124, and after
moderate reaction moved upward
again to 1851 in the afternoon. 1t
closed off from the top at 1247s. up
5's points net on the day. The days
movement in the stock established a
new high price for the year, the pre-
vious top of 124A having been made
in June after a rise from low of
ASK in January. The highest price
the stock ever sold was in 1915 when it
rose to 1875, followed by a collapse in
1917 to 337a.
New-York tribune., 1919-10-09
Hide and Leather Directors to Meet

Cons dcrable Importance is attache 4
IN some quarters to the scheduled {
meeting Of the American Hide and
Leather directors on October 2l. Plans
for paying off the back dividends on
the preferred stock, it is said NAV be
announced at that time. Earninrs for
the September quarter according to
reports, surpassed al previous records
After selling up to 1873 yesterday the
preferred dropped back at the close to
1864, net advance of / V points.
New-York tribune., 1919-10-09
In Wall Street


"What DO You Think Of the Market ~
An officer of one of the leading Wall
Street trust companies:,
"A cautious man is tempted to won
der whether stock prices are not climb
ing too high. 1t now seems certain
that there will be a continued falling
off of Americas foreign business, be-
cause Of the international exchange
situation. This would seem to indicate
a slowing down of industry. But. in
this connection, the prosperity of the
farmer for more than five wears should
be considered. 1t is the great backlog
of the nations prosperity, and will. in
my opinion, be the great influence in
sustaining security values. The farm
ers, who compose more than half of
the population, are buving heavily of
agricu tural equipment and merchan-
disc, and will tend to keep domestic
commerce going on tremendous
scale"
New-York tribune., 1919-10-09
Large Earnings Predicted

While pool operations undoubtedly
are playing an important part in push
ing Studebaker into new high ground,
the company is in a much better po-
sition financially than it has been in a
long time. Earnings in the first half
of the year are estimated at $4,200,000
net before tax deductions on pro-
duction of approximate 1900 cars.
Production has been larger in the sec
ond half and it is understood that the
end of the year will be an output for
the twelve months of close to 10000
cars if all goes we'll. Unofficial esti-
mates put the earnings for the year at
close to $25 share on the $4,000, 900
common stock. In 1918 the company
earned 5000 a share, in 1917 $9.11, in
1916 $2614, in 1915 S27.46.
New-York tribune., 1919-10-09
Steel Shor.s Squeezed

Steel common yesterday crossed 1O9,
thereby making a new peak for the
movement. Shorts in the stock were
thrown into mild panic and in their
efforts to cover their commitments
forced the price to ITO. Big blocks of
Steel were taken at advancing prices.
Buying came from houses through
which large professional operators are
known to trade. One house in par
ticular, which in the past has carried
the account of professional trader
who last week was said to be short of
Is 900 shares of Steel, was an active
buyer on the rise. The forward march
of the speculative favorite was pre-
ceded by positive statements in the
steel trade that the strike has been
broken. This may have frightened the
shorts, who have been numerous of
late in Steel, the uncertainties of the
labor situation having tempted many
professional traders to sell the stock
for the decline.
New-York tribune., 1919-10-09
California Packing

IN brokerage quarters it is said that
new pool in California Packing has
been formed. This group, it is stated,
is prepared to buy the stock in the
belief that the present dividend rate
OF per cent Will be increased in the
not distant future. Current ca nings
are dec ,ared large enough to warrant
distribution to shareholders. On a
tu noser of more than 1900 shares the
stocH advanced 81 points to 75A.
within 9s of the years high of 757A.
New-York tribune., 1919-10-09
Tax Exempt Liberties Active

Liberty 31as were in great demand
yesterday, and bond men reported not
only that all the offerings we're eagerly
taken, but also that additional offer
ings were sought At the close of the
days trading 1OO.10 was bid for the
tax exempt bonds Of the first Liberty
Lean. The market for the rest of the
Liberty issues was inactive, with a
slightly reactionarY tendency,
New-York tribune., 1919-10-09
u. s. Gives Ukraine Credit.
Report From London States

LONDON, Oct. s,-The United States
has opened a credit OF $4,000, 900 to
the Ukraine, according to the Ukrainian
Press Bureau here. This money will
be used for the purchase of American
goods
New-York tribune., 1919-10-09
American Wooden and Stock Dividends

American Woolen shares advanced
to the new high record price Of l4lM
Yesterday and closed 81 points higher,
at loo. There was no fresh news to
issue, but it was recalled that The
book value of the stock was recently
placed at around 5000 a share. Ameri-
can Woolen has also been placed in
the category of stocks that NAV be
affected by a favorable decision re-
garding the taxabilit. of stock divi-
dends. Other stocks in this class are
said to be United States Steel com
mon Reading. International Harvester.
american Sugar Refining, Nationa
biscuit Sears Roebu'k b dain Loco
motive. fmcrican Car and Foundry,
Cruc ble Sc. KEY Spr ngfeld TT
and Uni ed States Rubber.
New-York tribune., 1919-10-09
London Money Marke,

LONDON, Oct. s.-Money. en- ne,
cent. Discount rates. short bills. 1M
per cent. Three months bills. Az no,
cent, Gold premium at Lisbon. las.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-04-12
scale of steel prices which it believes
ar excessive, and have to decide that
uestioon in the negative"
Evening Chat
nook, Read Iona AGO,

Do you ever look back and remem-
der pleasantly and reminiscently the
books Of long ago? There was Brete
Harte and his wonderful tales. Rob
inson Cruesoe can never charm now
as he did 20 years ago. l still sigh
over the Dottie Dlmple and the Elsie
books and have fast in my heart today
the wide, Wide World" Poor little
wide world heroine-how cruel 1t seem
ed that she should have so many trials
When her ferocious aunt died black
every solitary pair OF her white stock
ings-didn't cry, though-amy, yes!
Uncle Toms Cabin was sure one grand
book and is there person alive who
hasn't read and gneved over Ramona"
by Helen Hunt jackson. Last even.
ing Ramona in the picture form paid
visit to the city and many people
went to see it. Behind me sat several
young girls who kept up a continual
fire OF questions and remarks as some
very beautiful California Scenery was
unfolded before our eyes.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-04-12
EAST SIDE
= NEWS =
Birthday Party.


A delightful surprise party was Civ.
en- at the home Of Mr.. and Mrs. NJ. +.
Pepper, LOG Wabash street, in honor
of their daughter. Miss Edith's six.
teenth birthday. The home was most
beautifully decorated with violets and
Easter lilies and the event was very
enjoyable one to all present. The sur.
prise was planned by Mrs. Peppers
and son, ester, and Miss Marie Merri.
field. The hours were spent with
games and music and refreshments
were served. Mrs. Peppers was assist.
ed in serving by Miss Ruby Mills and
Miss Marie Mortified. The guests
were Misses Marie, Mortified, Marie
Horner, Mary LaFollette, Louise Doc.
little. Matte Booth, Lillian Welsh,
Ruby Mills, Edith and Martha Pep
pers, Messrs. Richard Bartlett, Fred
Beach, Mitchell Morgan, John Nc
Gown. James Beach, Paul Sines, Les.
ter Peppers, Silas Mills, Brooks ana
Denzel Peppers and Mr.. and Mrs.
Peppers.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-04-12
"A SPLENDID TONIC .
Say. Hi1.on Lady whe, On Doc.
ter's Advice, Took Cardui
And Is Now Well.

Hlxsoa, Tena.-"About 1csysafs as.
was. 80" says ,MssyJ. B. G6dd, 0.
this place. 81 suffered withSa pain IN
my left side. cshld not sleep at nigh,
with this pai}, always in the left
Ny Doctor I'D M I'd US. cassui !
took ore bottle. Which helped me and
t asa e't'r' ss' thPain was still
I at first 1T it,s6, tut began to get
weak 'aRAs.iAr q ru1down condition,
% ssi.s assids$ tpstry pine more cardut'
This LAST cardul Which / took made
ne ,aueh better, \ fact, cured nae. Il
has been t~Rppeer OF years. still
have no return this trouble.
I feel It was Cards that cured me,
S and ! ts sefs@nIbt IT sPlendid te'
weak and Rundown from voH,an!,
troubles. Tale Cardui. 1t should sore.
ly;hslp you! as It has 90 many thou,
sands Of oteer women IN tie past 80
years. HeSaache, backache, sideaehe
nsrvousneSs, sleeplessness, tired-ou,
feeling. ayb all signs Of womanly trou.
eh. ether women got relief By taking
0rdh WY net SOtf Al druEr1sts
N6lai
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-04-12
The Story of Ramona


Ramona was the child of an Indian
mother. Her father, because the one
woman in the world he truly loved,
married another man lost all interest
in life and wandered aamlessly for
years. He finally fell unconscious be-
fore the fn; Of an indian widow squaw
who nursed him back to health. They
were married. When Ramona was
born, her father took her back to civ.
misunderstanding his Indian wife.
1t might he alright for him 80 remain,
but not his child. The baby was
brought up by the one woman he low
ed.
Ramona does not know she is half
Indian herself, though she falls in love
with Allesandra who is Indian. The
prettiest imaginable love story is told
beautifully in picture form.
When Ramona's aunt discovers that
her ward plans to marry Allesandra,
she locks the girl in her room. For
months the lovers are kept forcibly
apart, but this only makes love
grow stronger as love has fashion OF
doing under such circumstances. one
night pretty dark-haired Ramona elop-
es with the man she has selected and
the two travel on horseback through
some very beautiful country-on and
on 10 the Ocean. A particularly i'm
pressiy escene-far from civilization,
heavy trees and dense shrubbery on
all sides-shows Ramona fast asleep
on pile Of boughs spread with blarl-
kets while Allesandra watches by the
fire. Allesandra is very fine look
ing MISUNDERSTANDING in costume in
keeping with his race. The night is
very black and though the woods may
contain wild animal Or two and per-
haps few snakes, Ramona sleeps
sweetly and happily without fear. Al
lesandra portrays most touchingly that
protective instinct which every man
feels for the one woman in the world.
They are married by the first priest
lthey can find. For a year the two
live very happily. A wee Allesandra
comes to stay. Then the white man
drives all Indians away from their
lands and very real tragedies are the
result The many adobe huts are
abandoned, most of them burnt. RAJ
mona's baby dies. Allesandra fashions
tiny coffin for his firstborn and az.
ter the baby has been buried these two
young people who love each other so
livery dearly go to the top of the NOUN
tain where the white man cannot fol-
low and there they start all over again.
But poor Allesandra has become so
crazed withgrief because the white
man will not allow him to settle any,
where that his mind fails. One day
| he rode to the village and upon return
ling went away on a white mans horse
instead Of his own. 1t was all msi-
take but the white man was drunk. and
he followed-s shooting and killing Ra-
mona's husband Just as one might
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-04-12
SATURDAY EVENING. APRIL q 1918

with her baby from Cooks hospital.
The operation on baby was successful
and it Is getting along fine
Deputy assessor William Michael has
seen circulating around Hoult for =,
couple days past on his annual trip.
Mr.. Michael has served As deputy as
SCISSOR for number OF years and IL
we'll and favorably known in this end
of the coupnty.
William Britt is very sick man.
The doctor attended him twice yester.
day.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-04-12

shoot q dog. Ramona stumbled over
Ithe mountain brush and bramble with
her second wee baby in her arm search
ing for help. A very impressive bit
,of scenery here shoU& Ramona's faith
Iful dog as he lies with long nose close
Ito his masters head all through the
dark night which follows. In the
morning light the distracted httlei
Indian wife who loved and suffered
just as you and love and suffer, found
help-oh, much too late. There re-
NAMED nothing for her but the rest
OF life Just sshe somehow managed
ito endure it. Part OF me is dead for
ever" she said to Felipe who since
childhood had loved her too. She mar
ried him, however, years later and
though several children were born to
her, none of them was ever loved as
the child OF Allesandra, the second lit
tie dark-haired Ramona. Isn't it a
pretty story.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-04-12
HIGH School News

The track team of the local High
school is well under way. Some fine
talent has been found. The team has
a runner that they expect to carry
away one or more of the dashes at
the West Virginia University meet on
May II.
Mr.. Dehl. head OF the department
Of education at the West Virginia I'm
iversity visited the High school on
Thursday afternoon.
French Tough was busy Wednesday
with disc and drag putting the ground
ground around the High school build.
ing in condition to sow grass seed.