davidaulloa/AmericanStories huggingface dataset:
The sun., 1919-03-23
BRITISH EXCHANGE
DECLINES TO $3.50
Pound Sells Down to $3.50 In
London, While lowering
Around $500 Here.
MARKET STILL CONFUSED
Little Business Transacted AZ
Quotations Move In Wide
and Diverse Range.
MARKET STILL CONFUSED

Following the receipt OF cable des-
patches from London to the effect that
the pound had sold as low as $3.50 in
that market, foreign exchange trading
yesterday closed with sterling lowering
around the $3.50 mark. where II showed
a decline of per cent. from parity,
with francs about SIS TO the dollar.
where they revealed n decline from
pc rity of II per cent, and with lire about
$50, where il was more than 40 pcr
cent. below parity
Tie usually quiet half day In foreign
exchange dealing was converted Int
confused and widely fluctuating mar
ket with many diverse quotations. but
with relatively little business outside OF
small range from the best price OF
the dag. For example, there were re-
ports OF quotations OF s+.55 and $4.6e
for the pound sterling, but the lowest
rate that could be traced for actual
business was s4.59 for checks and $4.sh
for cables Similarly there were top
quotations as high as Fridays close,
which was about $40, but the best
rate asoertained for actual business was
$3.50 for demand and s4.sS for cables.
Even at the rates for actual business
the decline in sterling exchange was
sufficient to attract unusual attention
in the financial district. The break for
the day was between II and per cent
and the decline from the recently pegged
rate Of SAFE 7-16 was about 8 to an
per cent. Franc quotations were rela-
lively steady. the decline for the day
being less than l per cent
The lire market was especially con-
fused and rates were almost purely
nominal. There were sales of checks At
$50.
10
change. while 1t would like TO see Ire
rate for lire at Gas. did nothing on the
selling or on the buying side of the mar
ket. Dr. Osvaldo Riso who is acting al
the head representative Of the institute
In substitution for Commissioner Domi-
nico Gidoni. who is now In Rome, issued
yesterday the following statement:
From time to time directors OF the
Division of Foreign Exchanges Of the
Federal Reserve Board have issued reg
ulations concerning trading In exchange
in so far as 1t was being carried out by
dealers in the United States. All such
regulations have now been withdrawn.
The Institute del Cambi. In Italy, whici,
has charge of Italian exchanges in that
country under supervision of the Italian
Government, has not Withdrawn any OF
Its regulations and until II does so 1.
Is necessary for American dealers In
carrying out their transactions in Italy
to operate In accordance with the rules
Of the Italian Institute OF Exchange.
Such rules do not affect buying or
selling of lire by dealers in the United
States. but the buying and selling O.:
dollars In Italy are entirely subject TO
the rules of the institute. The institute
in New York will be in the market to
buy or sell lire as 1t Is considered adj
| visable. but at the moment it is not SELL
| ing lire under 6.45."
The sun., 1919-03-23
surpIu. Reserve Reduced.

The weekly statement OF the New
York Clearing House Association showed
surplus reserve of s43,666,540. de-
crease of sl5.1I6,e70 from the s5S.7sS.-
5l0 reported for the week just previous.
The depletion was due TO tn decrease
In the cash reserve OF member banks In
the Federal Reserve Bank. which
amounted to s2l,O35.00o. As partial
OFFSET there was a falling Off in de-
mand deposits Of S35,SS9.00o. Time
deposits increased sl.73i.000. but there
was little change in the amount OF
United States deposits. Loans, discounts
and investments in the actual statement
amounted TO s4,s64.957,000. n contrac-
ton OF s5s.0S6.00o. surprising devel-
opment In view of the increase of specu-
latlon on the New York Stock Exchange.
II was suggested that loans for specula-
tive purposes probably increased and
that loans for commercial purposes
showed a further shrinkage, but Il Is
Impossible from the statement to prove
that point
The sun., 1919-03-23
GOSSIP OF WALL STREET.
Heavy buying Continues

While the volume of business done III
United States Steel common yesterday
was nowhere near that of the morning
session on Friday. the buying was con-
Quoted nevertheless on a basis much
heavier than normal. Big buying orders
appeared in the market at the very start
and throughout the morning session the
stock continued to change hands in big
blocks. That buying failed to mark up
the price except during earlier moments
OF the session because all orders met
liberal supplies of stock in the hands Of
those who had established a satisfactory
prcfit in Fridays upward movement and
we're inclined to cash In their net pro-
ceeds. Nor was there 80 much short
covering in the steel shares yesterday
after the first half hour. During the
early period of trading the price was put
above par but declined soon to 90, the
low and closing figures for the day. The
total transactions in Steel common were
for more than 1850 shares, or at the
rate OF moro than $4,000 shares 70. a
full day.
The sun., 1919-03-23

According 10 the weekly statement
OF the New York Federal Reserve Bank
the member banks during the week Just
ended paid off a large percentage OF
their borrowings on United States obi
cations. The reductions OF rediscounts
and advances on Government paper were
approximately ss5,OOo,OOO. For the first
time In several weeks there was an In
crease In rediscounts and advances on
commercial paper. the gain being So
100000. Acceptances bought increased
from s16,S9e.S36 10 S27.157S73. The
net decrease In the reserve banks earn
ing assets was $71,7o0.0 900. The reserve
banks gold holdings rose nearly $50,
000. 900. and its total reserves increased
7s.S00.00o, There was an increase OF
s2s,700. 900 in United States deposits
and shrinkase of s45,50o, 900 In mem
Der bank deposits. The total amount
OF Federal Reserve notes outstanding in
creased $4,000, 900 to $79s,777,9S5.
The sun., 1919-03-23
Index Number Retrospect.

The London Economist calls attention
20 the fact that ffty-fve years ago Its
Wholesale prices index number first ap-
peared. Its original purpose was TO pro-
vide data for examining the relation be-
tween gold supplies and prices. Gold
poured into Europe in the sos and early
SOS from the newly discovered fields In
California and Australia. A rise In
prices took place in those years. but
there was no scientific form of calcula-
ton by which the actual extent of the
advance In commodity prices could be
gagged. To meet that need the Econo-
mist established it's index number. made
II retrospective and took the period Of
1850 as a basis. There are numerous
index numbers now, but the Economist
uns tho p,oneer
The sun., 1919-03-23
FINANCIAL NOTES.

Mecrory stores Corporation reports sales
Of s7o7.se1 during the, month of Feb
rusry. against sSo1.o2s last year. an in
President Seward Prosser of the Bank
srs Trust Company sailed on tho Adriatic
yesterday to> spend several weeks In Lon
don and Paris on business connected With
his company.
Reductions OF 20 cents a barrel In GER
tain grades OF crude oil were put into
effect by the Texas Company yesterday
Caddo heavy was marked down TO rs cents
barrel and Jennings, Vinton. Hubble.
81 barrel.
The New York produces Exchange will
not be open March rs.
The capital OF the usntral Hudson Gas
and Electric Company has heen increased
from s3.500o00 20 s2.eoo.oVo. I
The sun., 1919-03-23
CHICAGO PRICES.

sEABoARD CLEARANCEs
The sun., 1919-03-23
CONSOLIDATED EXCHANGE,

Steel was the real feature OF Consolt.
dated Stock Exchange trading yesterday
and moved TO the highest price OF the
year. gaining = OF point The stock
crossed par for the first time since No
vemoer, 1918. The gains on the open
ing upward movement ran from a frac-
tion TO two points. with many issues,
among them Reading. a point higher. Az
ter the opening a profit taking movement
set In and steel broke under the closing
quotations Of Friday. General selling
started and prices sold or from a point
to two points. The close was heavy.
The sun., 1919-03-23
Copper Business Better.

There Is continued improvement in
the copper industry, although prices
quoted remain around the IL cent mark.
Electrical development all over the coun-
try Is believed to be Il big factor In
relieving the copper situation to no lit
tie extent Copper is slowly but stead
lily incssasing IN frmness," says Walk
eT's Weekly Copper Letter. Tho end
OF the period OF industrial readjustment
appears to be not far of. Within an
other month OF six weeks resumption
OF building activities seems reasonably
certain TO occur. 1t will be on a small
scale at first, particularly in this coun-
try, but 1t promises TO make rapid
Roadway thu oughout Europe and South
America. After a time, probably not
many months. the surplus supplies OF re-
fined copper will be taken over by con-
sumers and then 1t will be discovered
that the refinery output, instead OF run
ming at the rate of 10000, 900 pounds
per month, as 1t presumably is at pres
The sun., 1919-03-23

WAsHINoToN. March 22.-Subscrip-
tons TO the issue OF tax certificates
dated March Is and maturing on June
I6. amounted TO sSS7.516,000, OF which
$3.50. 900. 900 we're paid by turning in tax
certificates OF past issues. the Treasury
Department announced to-day.
The eighth bi-weekly Offering Of $500
600 900 In loan certificates Of Indebted
ness dated March 13 and closing on
March 20, was oVersubscribed s42,l9T,-
900. the Treasury announced All Fed
eral Reserve districts except Richmond,
Atlanta and Kansas City, oversub-
scrtbed
The sun., 1919-03-23

ent. has dropped to 100000 pounds
and It will be a matter OF three or four
months thereafter before the refinery
utrut can be increased materially, even
though the mining companies resume
oper atoms at full capacity.
The sun., 1919-03-23

Exports From New York.
wheat, 2o5.sss bushels; lard. ii7.sot
lbs. eottonseed oil. $4,000 lbs. bacon
I ,76e.0t0 lbs- hams. 111.o00 lbs. iubri.
eating oil. 151, $50 gallons.
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1919-07-10
AIRplA Nrs EXPECTED HERE
LAST OF THIS WEEK

on account Of several boys Of Luh
lock who have expressed their viii
lingness to join the aviation branch Of
service. Bryant Mullins Of the Med
ical Corps Of Taliaferro Field who Is
here on a short furlough visiting with
his parents and incidentally recruit
ing for the army, wired to that place
the first Of this week asking that they
extend his furlough a few days and
send at least two planes here to carry
back boys whom he has recruited. He
was answered Tuesday morning by
his Major and granted five day ex-
tension on his furlough and also adj
vised him if the weather was favor
able. two planes would come here the
last Of the week II is probable that
several boys who have joined this
branch of service here recently will
have to go on the trains to report.
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1919-07-10
WOODmAN CIRCLE ITEMS
OF THE PAST WEEK

Lubbock Grove Of Woodmen Cir
Gle is progressing nicely. Mesdsmes
Jewell Hall and Minnie Carpenter
were initiated during recent meetings.
The designations Of Mr. and Mrs. c.
r. Peek as clerk and banker have
been accepted and Mrs " p Thorn
was elected clerk. and W p Thorp.
banker. Mrs Myrtle Terrell was
elected Inner Sentinel 70 I'm the un-
expired term Of Mrs Thorp.
Monday evening. June 80. a box
supper was given by members Of the
circle. Rev. Collins acted as auction
eer. Contents Of the boxes were
served on the tables in the banquet
room and q most delightful supper
was the result A nice sum Of mon
ey was realized and an added contri-
button by Mr. Barnett was received
next day. Sovereign
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1919-07-10
sHALLowATER ITEMS
or THE PAST WEEK

The Social Center met again Sat
urday night. The attendance was
good, notwithstanding the fact that
many had had strenuous time the
day before trying to observe in a tit
ting manner the Glorious Fourth q
July. The debate on the consolida-
ton Of the Hardy-Grovesville and
Shallowater schools was remarkable
for It's ability to hold the crowd I'LL
one o'clock. The speakers should
have been limited We appreciate the
fact that so many were present, from
Hardy and Grovesville, and all are
cordially invited TO come again.
There will be baseball game here
Saturday, if the Badger Lake boys do
not disappoint us.
The Ladies Club met again Thurs
day. This meeting was not so wei
attended as usual, but it was never
theless very profitable one. The
ladies each brought some product OF
their own culinary skill. and explain
ed their method to the other mem
bers At their next meeting il IS
planned that each one who can bring
loaf of Eight" bread, and give
each other the benefit Of her evper-
fence The ability to make good
bread is quite an accomplishment and
no pains are to be spared to become
proficient in this every day, economic
art. On account of the loss of her as
sistant, Miss Craddock, Miss Halsey
will be unable TO meet with the club
oftener than once every month. For
this reason, the club will not meet UNI
til July 81.
Many farmers are harvesting and
the harvest is the best in years. A
nice little rain fell Tuesday which will
benefit the growing crops. Most
farmers fhavsf '1so-deviled" their
weeds. Some havt let the weeds do
il themselves
Canning and preserving fruits and
vegetables IS now the order of the
day Such valuable produce that
once was Wasted, is now being con
served, and this results in a great
saving TO each family and all econ
otnic gain for the country
Z Ex-senator Goss. pioneer cfi-
zen. Of Lubbock county, but now OF
Seymour, is visiting Judge Crump.
He is accompanied by his daughters
and granddaughter.
Mrs. Stoker, who has been visiting
relatives here for some time, left
Friday for Breckenridge.
Miss Onita Pierce. who is attending
the Normal college at Canyon, spent
the Fourth Of July with her parents
here
Mrs. J NJ Wright has returned AZ.
ter visit with relatives in Dimmitt
Mr. Polk Todd is visiting his sister
Mrs. J. c. Bowles
Rev. Oldham has left for revival
work aud viii probably be gone ~
summer
Mrs. Clinton, who has been visiting
her daughter, Mrs Clarence Symes,
has returned to her home in Waco.
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1919-07-10
sHERIFF's SALE.
THE STATE OF TEXAS.

I III 81 r. VT EAACs
County Of Lubbock.
Whereas. by virtue Of an execution
and Order Of Sale issued out Of the
District Court Of Lubbock County.
Texas. on a judgment rendered in said
Court on the 18th day Of June, A. d.
1919. in favor OF Matte J Sanders,
and against W T. Thaxton and B.
Gordon. No. 1922 on the Docket Of
said Court, and to me. as Sheriff, d.
rected and delivered, ] did, on the sth
day Of July, A. d. 1919. at 10 o'clock
A. NJ. levy upon the following de-
scribed tracff and nGrcels Of land sit
uated in Lubbock County. Texas, and
belonging 10 4. Gordon and Lou Cor
don, to,wif: The South Half Of Sur
vey NJ Ter (lO) in BLOCK A. Certif-
icate No, ,s9s Ut. Ry. Co. and located
about four piles North and One mile
East so-the town Of Lubbock, being
320' acres on the 5th day Of August
A(D 1919. being the first Tuesday Of
Said month";. between the hours Of 10
O'Clock A NJ and 4 o'clock p NJ on
said day, at the Courthouse door Of
Lubbock County, Texas, in the town
Of Lubbock, ! will offer for sale and
sell at public auction. for cash, all the
right. title and interest Of the said W.
IT. Thaxton. b. Gordon, Lou Gordon,
Mollie d Alternately. NJ G. A5er-
nathy. J ENickers. Jno. y Robinson,
h. &. Campbell and Mrs. b C. Camp
bell In and 10 said property
Witness my hand, this the sth day
~ July, A. y. 1919
% G. A. HOLCOMB.
Sheriff of Lubbock County. Texas.
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1919-07-10

b. c. Taylor and wife, accompan-
led by DIR. Rosser, Of Snyder, brought
Henry Taylor, son of Mr.. and Mrs. b
C. Taylor, to a local sanitarium the
iirst of this wee. to undergo a serious
operation. This Is DR.. Rosser's first
visi; to Lubbock and he is very com
plimentary Of the city.
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1919-07-10

II. ~ Key and family, Of Terry
county, passed through here Tuesday
morning enroute to Happy to visit
with relatives and acquaintance for
a few weeks. Mr.. Key reports the
last rain to have been very light in
his country, with the increase in fall
commencing near Meadow.
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1919-07-10

Messrs. Milt Robinson and Will
Earnest Of Yoakum County were in
town one or two days the first Of the
week transacting business.
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1919-07-10

w. d. VIM and wife, accompanied
by his son, Willie, of Terry county,
are here this week. Mr. mn will
probably receive medical treatment in
a local sanitarium.
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1919-07-10

Mrs. Sep Smith and daughter, Miss
Flora Of Crosbyton. underwent a
slight operation the first Of this week.
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1919-07-10

Mrs. / F Feazel. Of Rails, is in a
local sanitarium this week receiving
medical treatment
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1919-07-10

Mr.. X. A. Baldwin 81 slaton, IN
derwent serious operation IN To-
cal sanitarium the first o. the week.
The sun., 1919-05-28
ADOLPH LEWISOHN
is HONORED AT 20
Gets $4,000 Purse to Fur
ther Prison Reform Work.

The National Committee on Prisons
and Prison Reform met yesterday in the
summer home Of Adolph Lewisohn. Ards
ley-on-the- Hudson. in celebration Of the
SEVENTEEN birthday anniversary Of Mr..
Lewiston. who is chairman Of the COM
mittee. A purse Of $4,000. contributed
by the members Of the committee and to
be used in prison reform work. was
presented to Mr.. Lewisohn.
Speeches were made by Mr.. Lewisohn.
George Gordon Battle, Judge William H.
wadhams. DR.. Hastings Hart, William
Hamlin Childs, r. ]. Caldwell, DR.. F. A.
Goethe, n. Won Kaltenborn and DR.. E.
Stage Within. Mr.. Lewisohn dwelt
upon the importance Of prison re-
form work and the need for It, and advo-
Gated the establishment Of farm colonies
for prisoners and convicts. and the abo-
lition of the county jails. The other
speakers paid tribute to Mr.. Lewisohn's
work as chairman of the committee, Mr..
Battle characterizing him as the motive
power OF prison reform work In the
United States.
The guests also Included Jacob H.
Schiff George Foster Peabody, James H,
Post, Mrs. Daniel O'Day. Franklin @.
Brown. Mr.. and Mrs. Herbert s. Carpen-
ter, Mr.. and Mrs. James Speyer, Mrs.
Isaac N. Seligman and DR.. and Mrs.
Simon Baruch.
The sun., 1919-05-28
MOTOR RUNS HELD
AT HOT SPRINGS
Many Automobile Parties Are
Enjoyed by Visitors to
Resort.
CALL OF LINKS STRONG
Miss Grace Vanderbilt Is
Among Those Early on
Course.
Special DsspctcA TO TIE sur.

Hot SPRINGS, Va. May 27.-Many
motor parties were held here yesterday.
Among them were that of Cornelius
vanderbilt. Jr., who rode to Flag Rock
with the little grandchildren Of Mr.. and
Mrs d. B. Pratt.
Others riding yesterday were George
ingalls, and Miss Kathleen Ingalls,, Mr..
ana Mrs. A. j. Cumnock. Major e. H.
Robinson and Miss Skirvin. Miss Adie
and Miss Beatrice Pratt.
Mrs. E. J. Berwlnd drove with a small
party yesterday to the upper Cascades.
Miss Grace Vanderbilt was on the
golf course early yesterday. Others
playing were Mr.. and Mrs. Howard
Chappelle and Miss Jeanette Chap
pelle. Mr.. and Mrs. @. B. Hodgman,
Robert Bachelor. Henry Seligman.
John L. Tappin and Garrick Mallery,
who also rode in the afternoon.
Mrs Bradish johnson and Aymar
Johnson arrived at the Homestead yes
terday from New York by motor.
Mrs. John l.. Martin was also among
the arrivals from New York.
Mrs. Charles Penrose left last night
for her home In Philadelphia.
Mrs. J. Montgomery Sears, after a
four weeks stay at the Homestead, was
among the departures last night, return
ing to her home In Boston.
Mr.. and Mrs. Henry II. Fay also left
last night for Boston.
Brig. Gen. Cornelius Vanderbilt is ex-
pected to Join his family at the Home
stead on Saturday.
The sun., 1919-05-28
RAUH-BAUER,.

Miss Beatrice Gertrude Bauer. daugh-
ter OF Isaac Bauer OF Middletown,
Conn. was married to Edwin s. Rauh,
son Of A. L. Rauh of Pittsburg, last
evening in the Crystal Room of the
Rtz-Carlton. by the Rev. DR.. Henry w.
Ettelson OF Philadelphia. formerly of
Hartford. Conn. The bride, who was
given away by her father, wore a gown
OF ivory satin trimmed with rose point
lace which her mother wore at her own
wedding Mrs. A Cass Sunsten, sister
of the bridegroom. was the matron Of
honor and the bridesmaids were Miss
Lucille Karpen OF this city; Miss Gladys
Landeck Of Mount Vernon: Miss Hen
rietta Rauh Of Pittsburg. and the Misses
Frances Wiedsr, Fanny Fox and Del
rhine Lyon OF Hartford. Conn. Mr.
Rauh acted as his sons best man, and
the ushers were James L. Bauer A.
Cass Sunstein. Richard s. Rauh. Will
lam F. Benswanger. A. s. Feuchtwan-
ger and Richard Benswanger.
Mr.. Rauh and his bride will pass a
part Of their honeymoon at White Sui
phur Springs. w. Va. They will live in
Pittsburg.
The sun., 1919-05-28
OBITUARIES.
DIR. HENRY PITT WARREN.

ALBANY. May 27.-Dr. Henry Pitt
Warren, head master Of Albany Acad-
envy since 1885, and author of several
historical text books. died to-day at the
age Of 10 years. He was born at Wind
ham, Me. March FL, 1S46, the son OF the
Rev. William and Mary H. Warren, and
was educated at Andover, Amherst and
Yale, graduating from Yale in 1870. He
was later awarded honorary degrees by
Rutgers and Williams colleges.
DR.. Warren in 1870 became principal
of the New Bedford. Mass. grammar
school. and later was principal of the
Dover. N. H. High School In 1879 he
became head OF the New Hampshire
State Normal School, leaving that posi-
ton in 1888 to become English master
at the Lawrenceville School. He re-
signed in 1886 to accept the head mas
tership Of Albany Academy.
DR.. Warren was a trustee of the AL
bany Institute. Art and Historical So
ciety, and was a member Of the Psi Up
silon fraternity and VOLTS Head (Yale).
He was the author OF "Stories from
English History" published in 1899, and
OF other histories
The sun., 1919-05-28
PRESIDENT CHASE
OF BATES is DEAD
College Head Stricken Sud-
denly in Lewiston, Me.

LEWISTON, Me-. May 27.--Dr. George
Colby Chase, president Of Bates College.
died suddenly in his home here to-day,
He had a wide reputation as a writer
and lecturer upon educational subjects
and had been president and professor Of
psychology and logic at Bates since 1894
DR.. Chase was born at Unity, Me-:
March is. 1sH. He was graduated from
Bates In 1858 and was given his masters
degree there three years later. During
1870 and 1871 he was a student at the
Cobb Divinity School. taking up gradp.
ate studies at Harvard later. In 1891
and 1892 he was at University College,
London.
Colby College gave DR.. Chase d. D.
In 1898, and LII. d. degrees were be-
slowed upon him later by the University
Of Colorado. the University of New
Brunswick ana Bowdoin College. DR..
Chase married, June IL, 1917, Miss
Emma Francette Millett Of Norway, Me-
Mrs. Chase died six years ago.
HIS career as n teacher was a long
one. From 1853 to 1870 he was instruc-
tor In Greek and Latin at the New
Hampton Literary Institute. He first
went to Bates in 1879 as professor Of
rhetoric and English literature, retaining
that chair until he was made president
DIR. Chase was a member of the COM
mittee on the church and social service
OF the Federal Council Of Churches of
Christ In America, and OF various edu-
cational associations. His clubs included
the University Of Boston and Providence
and the State Of Maine and Graduates
clubs, New York city. '-f''5