davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 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 APP
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. [volume] (New York [N.Y.]) 1866-1924, 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. [volume] (New York [N.Y.]) 1866-1924, 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 Adj
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 compilations
were reported from Pennsylvania. Ken
lucky, 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 OK
hibit a loss of seven in compilations and
a gain of 2,469 barrels in the new pro-
d elton 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 1880 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 IA
in rigs and wells drilling the total
being Ala 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. [volume] (New York [N.Y.]) 1866-1924, 1919-05-04
In the Cotton Market

The cotton market situation is
summed up as follows by Lehman
Bros; 1.-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-
ton 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
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-04

Goodbody & Co. say: owe still
favor the long side of most food,
leather, store, rubber, equipment,
motor, realty and construction stocks.
we are specially favorable to Indus
trial Alcohol, Southern Pacific. PAN
American Petroleum, Pressed Steel Car
American Sugar Refining, Corn Prod
ucts and Baldwin Locomotive stocks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-04

The above rates express the cost of
foreign money in terms of the Ameri
can dollar. You buy an English pound
sterhng say, at s465. The intrinsic
parity is $4S63s per pound. Thus Won
say either that pounds are at a dis
count or hat dollars are at premium,
which is owing to the fact that in Enc,
land the demand for dollars with which
TO settle accounts in this country is
greater than the demand in this coun
try for pounds with which to settle
accounts In England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-04

able in the form of mark balances
which can be drawn against by the re-
lief administration.
1t is now possible to make remit
tances in this form to ten European
countries, Including Turkey and Ger
man AUSTRIA
Sterling exchange displayed firm
tone during the week, although Lon
don advices predicted o. low range Of
quotations as the result of the closing
out OF speculative commitments.
Ii you calculate the cost of the dol
lar IN terms of foreign money at cur
rehe exchange value-that is, if you
were buying dollars with pounds.
marks or francs-its value at the close
OF last week, as compared with a year
ago, would be about as follows:
Cost Of one dollar
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-04
Nominal.

Below is given the current exchange
value of foreign money in dollars and
cents. together with the intrinsic gold
parity, as calculated by the United
States Mint.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-04

The Federal Reserve Bank Of New
York has put in force the following
schedule of rediscount rates which
apply to bankers acceptances: Maturi-
ties up to Is days, a per cent; 16 to 60
days, inclusive. AZ per cent; 81 to
90 days. inclusive, A II FER cent.
Bank Clcarings.-bank ciearings yes
terday were:
Exchanges. Balances.
New York S704, 654,124 S64,0O7 200
Boston ...... 5o,673,443 1O,923, 634
Philadelphia. $65, 955, 941 1928, 6f8
Silver.-London, 4Sltd, unchanged;
New York, s1.01M, unchanged; Mexican
dollars, IRE, unchanged.
Sub-Treasury. The Sub-Treasury
gained $4,000 from the banks on
Friday.
London Money Market.-LONDON,
May 3.-Closing Bar silver, 4S 11-1Gd
per ounce Money, 31s per cent Dis
count rates-Short and three months
bills, 3ss per cent. Gold premiums at
LIsbon. 100. 90.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-04

CLOSING rates yesterday, compared
With week ago, follow:
Quoted dollars to the pound.)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-04

Then, after the : weekly payments met
T the amount of notes This alb !
lme, but, II desired r.
ape. you can get your notes
The Penn's Grove record., 1919-10-10
Salem County Short of Money

Continued from page L
ance of the Jail for the month was
$3.50, or 2S.7 cents a prisoner a day.
At the Road Camp it was S412.74, which
included all the supplies and the win
ter's stock of potatoes. This made the
daily cost rs cents.
The big cracks in the ceiling of the
Freeholders' room were accounted for
by the Public Buildings Committee in
their report that the building has set
tied along the partition that separates
the room from the hall. The founda-
ton was weakened at the time the
heating apparatus was installed.
The Road Committee was authorized
to buy oyster shells if they were found
to be needed, but they must be covered
with gravel.
Engineer Keasby stated that owing
to the number of important road con-
tracts and extensive road repairs the
Board would not be able to make a
thorough inspection in less thai two
days. 1t was also found that the day
that had been set for the tour of the
County was not convenient for many
of the members. After some discussion
II was decided that the road work had
been so extensive and important this
The Penn's Grove record., 1919-10-10
DUPONT Dye Works Doings

Continued from page 1
a first class booking is promised for
every Thursday evening. Come out and
see for yourself.
The annua election of officers will be
held Monday evening, October 18th and
the following officers will either be re-
placed or re-elected:
LIST Vice PRESIDENT. 3. Whitney.
End Vice President-W. H. Slye.
Secretary-George B. Derrick.
Treasurer-N. E.. Holt.
committeemen-E. K. GLADDEN., j. M.
Weldon. C. C. Morris, DR.. E. G.. Lath-
rop, w. S. Colfax, Jr.
1t might be well to mention for the
benefit of all members of the Club, that
the DUPONT Club is at present travelling
along with its head above water for the
first time in a great many moons, and
it may be truthfully said that this sue
cess is attributable to the efforts of
the labove-named officers.
Don't forget the regular weekly
dance-Friday evening.
Plans are already under way for the
Halloween Dance to be held at the
Club Friday evening, October 31st
Better start early with your oustame
The Penn's Grove record., 1919-10-10
Political Notes

A news item recently appeared in a
Philadelphia paper to the effect that
the jitney men in Penns Grove had a
champion in Edward H. Keen, Jr,
Democratic candidate for Mayor. The
article is misleading thruout. 1t can
be- safely stated hat neither Mr..
Keen nor the jitney men had anything
to do with publishing the statement.
The jitney men do not need any cham
pion and they know that Mr.. Keen will
give them a fair deal. There is a false
n misleading understanding in re-
gard to the jitney-trolley question. 1t
has never been the intention of the Bor-
ough Council to drive the jitneys from
Penns Grove, but rather to put them
under certain restrictions and regula-
lions that would make them beneficial
to the community. No corporation is
more strictly governed by State and
local laws than the trolley company.
The fare they may charge is regulated
by law and the manner of their opera
ton is equally ~safeguarded. At no time
have the jitneys been in danger of
elimination by local laws. The only
purpose is that they shall com under
proper jurisdiction and not be a law
unto themselves. They V response
hilities as well as the trolley company
and they should come under equal legal
restraint to see that such responsibility
is properly met. Mr.. Keen is not their
champion in any sense that he would
bring about conditions that would work
Injustice to either side. He will use
what efforts the office of Mayor per-
mits to see that both sides are treated
fairly.
Alfred L. Jess, Democratic candidate
for Assembly, is some hustler. After
spending all day showing the trowel he
Their puts in about "a hours more talk
ing good Democratic doctrine to the
voters wherever he may happen to
meet them. 1t only needs az little talk
with Al to learn that he stan four
square and solid for the Democratic
principles enunciated in the platform of
the State Convention which met in
Trenton last week. Best of all, how
ever, he has the interest of Salem
County and it's people at heart and can
be depended upon if elected, to do the
right thing in all matters of legisla-
ton. 1t is foolish to make specific
promises. Doing the right thing all
the time is the best plan.
Eugene A. McAdams, chairman of the
Salem Democratic County Committee
that Mr.. Edwards, the can
didate for Governor, will tour Salem
County on Tuesday next, 14th inst. He
will be in Penns Grove probably early
in the evening, but no exact informa-
ton has been secured as to his
itinerary.
Walter Curriden, one of the Demo-
cratic candidates for constable, is
proud of his fine new boy which was
added to the family on Sunday. Walter
feels tina while the kid is too young
to vote for him at this election, "there'l
come a time some day"
The Penn's Grove record., 1919-10-10
Finest Road Top

The Eastern Paving Company has an
immense asphalt mixer at Penns Grove
station on the river front. Six fire
pots heat the water and asphalt which
is mixed with sand, cement and broken
stone. 1t is put on motor trucks and
rushed up the road towards Sharptown
and dumped on the macadam base.
This is called hot mixed asphalt top
dressing for roads. 1t is considered
superior to the cold mixed amiesite
which was put on the streets in Penns
Grove.
The asphalt comes from Trinidad
in sheet iron cylinders two feet in di-
ameter and two and a half feet long,
which weighs about 500 pounds.
They began spreading the top at Bid
die creek last Saturday and are work
ing towards Penns Grove.
The Penn's Grove record., 1919-10-10

All who fail to get their Penns Grove
Record at usual time will kindly report
at once
mickey" Cullinan, of broken neck
fame, who has been spending the sum-
mer on the edge of the Western desert,
has returned to Penns Grove. He looks
fine, the enforced ~"aridity" of that Sec
ton having evidently greatly benefited
his general health.
Learning that there is a legitimate
demand from farmers and others for a
sawmill in Penns Grove. A. Gillison has
decided to add such an equipment to
his box factory in the old boxing arena.
There is much timberst to be cut in this
County. Part of the first floor is al
ready occupied by a garage and repair
shop. Their is still plenty of room for
other small operations in addition to
the box factory.
The Penn's Grove record., 1919-10-10
Bowling League

No definite date has been set for the
starting of the bowling tournament. A
great amount of interest is being shown
in the event, probably due to the inter-
est created in this sport through last
years tournament won by the Servi
Department. The following teams have
entered the tournament: Chemical,
Engineering, Service, Power, echan
cal, BenzoI Intermediates, Operative
Engineering, Finishing and Staff. These
will be represented by Messrs. Nc
Waugh. Bruhm, Edwards, Errico, Auty,
Reed, Kiplinger, Mailman and Holt.
If you have a team to enter get IN
touch with w. H. Edwards, Jr., at once.
The tournament is not being held by
members only. It's open to all du-
Pont employees.
The Penn's Grove record., 1919-10-10

Last Saturday evening, at 7.45, in the
brides residence in Elkton, Nd, John
G.. Sullivan, of Penns Grove, was mar
ried to Mrs. Ella May Scott, by Rev
George Jones, pastor of the Methodist
Episcopal Church. Her parents, Mr.
and Mrs. George E. Pearson, and other
relatives witnessed the solemn ring
ceremony, also the editor of the Rec
ord, who was present to see that they
arrived safely in Penns Grove thai
evening. They at once came to his res
idence, 95 Beach Avenue, near the liver
John is now happier than if he We're
Mayor.
The Penn's Grove record., 1919-10-10

year that two days would be taken for
its inspection, Monday, October 20, and
Monday, the 27th were selected for that
purpose.
Malaga-Penns Grove Road, 7th Sec
tion-From Layton g Lake to Penns
Grove.-The contractor has started to
lay the sheet asphalt top. The contract
prescribes that no asphalt shall be laid
after October Is. The Engineer has ap-
piled to the State Highway Department
for permission to lay asphalt up to
November Is.
The Penn's Grove record., 1919-10-10

blues" and want some real live en-
tertainment to bring you back to
normal.
Monday evening an indoor community
sing will be- held at the "Y." Come out
and help stir up the neighborhood.
A community dance will be held at
the "Y" Thursday evening. Music fur
nished by the Franklin orchestra of
Salem,
The Halloween dance October 31st
will be one of the biggest events of
the season.
The Penn's Grove record., 1919-10-10
MARRIED
FOULKE-BRAKER

u E-i3tkA
a quite wedding took place last
Wednesday evening. October Sth, 1919,
at the home of Mrs. VIM. Braker, 261
South Broad Street, when her daughter,
Mary E. became the bride of Harry w.
Foulke, of Carneys Point. The ring
ceremony was performed by Rev. Edgar
A. Miller. Jr.. of Bridgeton, N. j., as
sisted by Rev. Ralph S, Carlisle, of
Penns Grove.
The bride was attended by Miss Vera
H. Hurff. Mr.. Elwood J.. Braker, broth
er Of the bride acted as best man. Miss
Jennie S. Allen played the wedding
march. Refreshments were served af-
ter the ceremony.
Mrs. Foulke has been organist OF
mmanue NJ. E. Church for the past
three years and is noted Cor her must
cal ability. Mr.. Foulke has been with
the dupont Company for five years ex-
cepting the six months service in the
U. S. Navy, last year.
The happy couple left Thursday
morning for Washington, D. G. They
expect to be at home after October lzth
at 261 South Broad Street.
The guests were: Mrs. VIM. Braker'
Mr.. and Mrs. VIM. Foulke, Miss Vera
H. Hurff, Jennie S. Allen, Mr.. Elwood
]. Braker, Rev. and Mrs. Edgar A. MIL
Ter, of Bridgeton; Rev. and Mrs. Ralph
S. Carlisle, Miss Mildred Foulke, MISS
Ida Slaughter. Mrs. Lydia Logan, OF
Wilmington, Del; Mr.. Herbert Braker,
Mr.. and Mrs. Linford l.. Hurff, Mr.. and
Mrs. Frank Summerill, Mrs. Hannah }.
Summerill, Mrs. C. V. d. ConoVer, Mrs
Earle Davidson, Misses Azzell Beadles'
Helen Conover, Rebecca Summerill.
The Penn's Grove record., 1919-10-10
Gunners' Notice. No Trespassing

All persons with gun and dog are
hereby notified not to trespass on my
farm or woodland, known as theeChris-
sic vanneman farm and Beag Swamp.
below Courses Landing, in Spps Penns
Neck, for whatever purpose. Herbert
Hooks. ioiNtl.
The Penn's Grove record., 1919-10-10

for the benefit of members and their
families, will be given on Tuesday
evening, October 14th. when the Floyds
will appear in a slight of hand perfor-
nance. Mr.. Floyd and his family have
a nationwide reputation. Admission
will be free to members and their
families.
The Penn's Grove record., 1919-10-10
NOTICE

The annual meeting of Salem County.
N. j., Chapter American Red Gross, VIII
be held at Salem, N. j., OCTOBER 22nd,
building, for the election of an Execu-
tive Committee, Officersk and such
other business as nay befnecessary.
DR.. C. M. SHERRON, chairman,
Salem Co, N. J., ChaptefS<A. R. c.
10-10-1t
The Penn's Grove record., 1919-10-10
Y. M. c. A. Notes

Don't forget the Village Y. M. c. A
on those evenings when you have the
The Penn's Grove record., 1919-10-10

FOR SALE-Six-room House with
bath, toilet, cement cellar, with extra
bungalow in rear, cost $1,000. Must De
sold, price $1,000, one-half of which can
remain on mortgage. Location, East
Main Street. Apply to Anthony Mack,
81 North Broad Street. Also Eighteen
Farms for sale. l0-5-zt-
The Penn's Grove record., 1919-10-10
Big Entertainment For "Y" Members
and Families

The first of a series of entertain
ments to be given at the Y. M. c. A.,
The Penn's Grove record., 1919-10-10

FOR RENT-House furnished or un-
furnished. Apply at 60 North Broad
street. Penns Grove. 10-3-2t*
The Penn's Grove record., 1919-10-10
WANTED

TO BUY OR RENT A HOUSE IN
PENNS GROVE; MODERN IMPROVE
MENTs; BUNGALOW PREFERRED.
THIS IS A PERMANENT PROPOSE
TION.
L. ]. DOYLE
Mgr. For StrOuse-Baer Co.
Branch No.
Box A, Penns Grove, N. ].
The Penn's Grove record., 1919-10-10

FOR SALE-Hoosier Kitchen Cabinet
and Victrola. Both in good condition;
nearly new. Apply 22S4 Market Street,
Carneys Point. 10-10-3t*
The Penn's Grove record., 1919-10-10

FOR SALE-Chevro1et Touring Car.
Apply at South Broad Garage. 10-3-2t*
The Penn's Grove record., 1919-10-10

FOR SALE-Chalmers Super SIX;
Good rubber. Apply Wilbert Titus, SO
Penn St, Penns Grove. 10-lO-2t"
The Penn's Grove record., 1919-10-10
Cent a. Word Column

Advertisements inserted under this
head, for one cent a word, first inser-
ton; and one-half cent per word for
each subsequent insertion. No adver-
tisements taken for less han Csc for
first insertion, and 15c for each subse-
quent insertion. Cash with copy. sc
extra for charge accounts. 1c and Re
stamps taken as cash.
The Penn's Grove record., 1919-10-10

FOR SALE-New Overland car with
extra tire for sale at rs State Street,
C. G. Raine's Garage 9-26-3t
Mexico weekly ledger., 1919-06-19
DEATHS
MRS. w. ii. BERREY
DIED AT MEXICO
HOME FRIDAY EVENING

Mrs. Bertha Berrey, 45 years old.
died at her home in Mexico at $50
Friday afternoon after an illness of
some time Mrs. Berrey was a mem
Der Of the Christian church and a
graduate of the Mexico public schools.
She was the wife of W. H. Berrey and
besides her husband leaves four chill
dren: Mrs. Cy McDonough, whose
husband is in the Navy; Mrs. Thad
Anderson of Mexico; James Berrey
and Arthur Berrey.
The funeral services will be held at
the Berea Church at 2 o'clock Sunday
afternoon. The Rev. HARDWOOD will
conduct the service. Burial will be in
the Berea Cemetery.
Mrs. Berrey was a conscientious,
Christian woman, a faithful worker
and a loving wife and mother. The
Ledger extends deepest sympathy to
The bereaved relatives. !
Mexico weekly ledger., 1919-06-19
ARMY TANK AND AIR
PLANE FOR NINA.

If the efforts of Col. E. Y. Burton
succeed, the Missouri Military Aca-
deny will have not only an aeroplane
but a modern tank. These to be used
for instructing the cadets. Colonel
Burton left Friday evening for Wash
ington, D. c., where he will attempt
to persuade the government officials
to give him these two additions to his
school.
Whether the tank will be a whip
petts" tank or the larger one, Col.
Burton said it didn't matter, he'd be
glad to get either of them.
Captain r. E. Crabill, who complet-
ed the school of aernatuics in France,
and saw service behind the lines in the
aviation corps, will be the instructor
in this department at the academy, if
the aeroplane is procured.
4 is Colonel Burton's intention to
make the Missouri Military Academy
as complete for i~nstructing the stud
ents along every branch of the Mill
tary service as is possible.
He went after the machine gun and
the rifles and got them and believes he
will at least get either the aeroplane'
or the tank this time. The Reserve
Officers Training Camp in the AGA
denny is in charge of the government.
This gives it a better chance to pro-
cure these war instruments.