davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-03-25
Organize Bank to DO
Business With Far East
National Park of New York
and Union of Canada Back
New Enternrisc
New Enterprise

A new bank, which will have for it's
purpose the furthcring of business
relations with the Far East. and which
will have Offices in New York and Ja
pan, is in the process of formation.
The institution is being organized
by the National Park Bank OF New
nf 4ork and the Union Bank of Canada.
The name, it was reported in Wall
Street yesterday, will be the Park
Union Bank.
Announcement of the organization Of
the new bank will be made within y
few days. The National Park Bank is
the. New York correspondent of tn.
Union Bank of Canada, which has its
headquarters in Winnipeg, Manitoba.
H'ipcrt u. Ihorne, vice-pres idcnt and
director of the National Park Rank
would not give any details regarding
the formation of the new institution
yesterday.
New-York tribune., 1919-03-25
More Holders of Steel
Common Than Ever
The Number Has More Than
Doubled Since Close
of 1917

The United States Steel Corporation
at the close of February had on it's
books 7s,O17 common stockholders
compared with 72,779 shareholders three
months previous, and new nigh
record.
Since the end of 1917 the number
OF common stock holders has more than
donb led, there having been in the last
quarter of that year 37,72O holders of
little Steel" For the last two wears
the number Of Steel shareholders. as
disclosed by figures available at the
end OF each quarter, has steadily in
creased, indicating a gradual absorp-
ton of the stock by investors.
ms trend has been further indi-
Gated by the figures showing holdings
OF brokers' on December 81. 1916
there were 2950,436 shares of Steel
common, or 5S.4 per cent Of the total
ISSUES. on the books of Stock Exchange
hims. On December 81 last brokers
holdings had declined to 2.Oe9. 1853
shares.
New-York tribune., 1919-03-25
Anaconda Dividend Cut
Second Reduction in Three
Months Announced

The second cut in the dividend rate
OF the Anaconda Copper Mining Com
pany in three months took place yes
terday when directors ordered a quar-
tcrly disbursement of 81 share. Three
months ago the quarterly rate was re-
duccd from So to $3.50 share The
annual rate is now 81, contrasted with
SO paid in 1918, $3.50 in 1917 Gnclud-
ing. Red Cross dividend of SO cents
share), and 81 in 1916. In 1913 the
pre-war rate was So share
1t was stated unofficially after yes
terday's meeting that the 81 quarterly
dividend was "deemed CONSERVATIVES
for the time being. Other copper
companies who have recently an
nounced reductions in their dividends
have stated that such action was made
necessary to carry the large stocks of
copper now on hand until time when
the demand will stimulate production.
New-York tribune., 1919-03-25
Big Sales, Trade
Believes, Mark
Turn in Copper
Firmer Prices Quoted by
Leading Producers; Gov
ernment Board Action
Expected to Help Market

Copper prices turned suddenly for
the better yesterday along with the
announcement that sales Of 35,0OO,OOO
pounds had been negotiated since last
Saturday. This is in excess of the
combined business reported for the
months of January and. February. Ad-
ditional orders now in sight, accord
ing to all official Of one Of the leading
selling agencies promise to bring the
total transactions for March up to
100000 pounds, and the trade gen
orally was inclined to take the view
that copper had turned into the road
to Improvement.
Just what development gave impulse
to the buying movement which set n
at the close of last week could not be
learned. Among those in position to
be better informed it was limited that
government officials, now engaged in
working out plans for stablizing prices
tor various commodities, contemplated
the adoption of policy in regard to
copper that would react favorably on
the market. 1t was even suggested
that the industrial board at Washing
ton would take into consideration the
tact that the wage scales of the copper
miners miners are now based on the price of
eighteen cents for the metal and that
quotations to consumers would be re-
vlsed accordingly.
Leading producers were quick to
Withdraw the quotation of is cents
tor electrolytic, when it became ap-
parent that buyers were actually will
ing to take large amounts of copper at
that figure and yesterday they were
quoting 15ls to 15ls cents. Even at
the hlgher figures it was said there was
no great Willingness to sell, since in
dications were that buyers could he
made to pay more if the offerings we're
kept off the market for few days.
New-York tribune., 1919-03-25
Harbison-Walke Profits
For Fifteen Months Smaller

The report of the Harbson- w alker
Rcfractories Company for the fifteen
months ended December 81, 1913, dis
closes net profits of $5.5O4,956 which,
after the deduction of $4,000 in pre-
fcrrcd dividends, was equal to S26.58 a
share earned on the s1S,0Oo,o0O out
standing common stock, compared with
S34l6 earned in the twelve months
ended September 80, 1917. The reason
for the difference in comparison is due
to the fact that the fiscal year has
been changed to correspond with the
calendar year.
The holders of the common stock
shared dividends amounting to $2,-
100000 during the period, while ST.
100000 was distributed the year be-
fore. Balance of S2,354,956 was added
to previous surplus of $1O,017,O75,
bringing the total to s12,372,O ,O31.
New-York tribune., 1919-03-25
CHANGE OF NAME

NEW YORK SUPREME COURT. COUNT!
OF NEW YORK.-In the Matter OF tss
Application of MERCANTILE TRUST Dt.
POSlT COMPANY for authority TO chsnggs
its name to MERCANTILE TRUST CON-
NOTICE is HEREBY GIVE, that MER'
CANTILE TRUST & DEPOSIT ComPANi;
q domestic corporation. having its priisipsi
business Office in the Borough o. Manhatisss
CITY, County and state OF New YORK. w
apply TO the Supreme Court OF the state 2
New York. at q Special Term. Pavt there@s.
20 be held a: the County Court House, n 70 .n'
borough OF Manhattan, City Of New iois,
County OF New York. on the 10th day o. o
l.pril. 1919, at 1890 O'Clock in the forenopa
OF that day. or soon thereafter as couns,ns
can be heard. for an order authorizing ss,s 90
corporation TO change its corporate name "
Dated. New York. y. Y, March 2s. 1915,
MERCANTILE TRUST & DEPOSIT Cos
PANY.
BY C1ELLIS A. AUSTIN,
President.
WHITE & CASE. Attorneys for Petisonssii
Of1lce and Postoffice Address Il WEI
Street. New York City.
New-York tribune., 1919-03-25
Wealth Markets l1nvestme ents

day. Demand sterling closed at s4.62%
against $467 last week. There was a
substantial amount of business done in
sterling.
French exchange continued to dis
play weakness and francs declined to
the lowest level reached since stabiliz-
ing measures we're withdrawn. The
closing quotation for franc cables was
5.S1 and for franc checks 5.S2, com
pared with 5.73 and 5.74 respectively
on Saturday.
The market for Italian exchange was
in a state of confusion. The Italian
Institute of Exchange, which is striv-
ing to maintain rates without the as
sistance of the Federal Reserve Board,
lowered it's rate for lire from 645 to
SIS, but the outside market paid no
attention to its new rate. Business
was reported to have been transacted
on basis of 7.3O lire to the dollar for
cables and 1882 for checks.
Neutral exchanges were easier, with
Holland cables falling to 39Hs cents,
compared with 4O12 at the close of last
week.
Closing rates yesterday, compared
with week ago, follow:
Quoted dollars to the pound)
New-York tribune., 1919-03-25
Waiting

The cottonseed oil men are waiting
for the resumption of their business
on the New York Produce Exchange.
This business censed in October. 1o17.
and those interested in it expect that
business will be resumed in the new
crop of oils probably in May or June.
Tho government decree prohibiting
trading in oils will be removed on
August ], and nothing has been done
by the government looking to jurisdic-
ton over the new crop.
New-York tribune., 1919-03-25
The Drop in Steel

The average price of eight leading
steel products, based on the minimum
scale fixed last week in Washington. is
S63.49 gross ton, according to tho
compilation of "The Wall Street Jou :
nal" This compares with $70.52 Janu-
nry l last S74.33 Under the maximum
prices in force last year, S1OS.97 carly
in September, 1917, just before the War
Industries Board first fixed prices, and
Sll9.69, the high record average in
July, 1917. The average price in 1914
was $30.97, and in 1913, s36.49, a gross
ton.
New-York tribune., 1919-03-25
Sue Federal Trade Commission

CINCINNATI, March 24.-Suit was
fled in the United States Circuit Court
of Appeals late to-day by the National
Harness Manufacturers Association
of the United States against the Fed,
eral Trade Commission, composed OF
William B. Colvcr, John Franklin Fort
and Victor Murdock, seeking to have
set aside an order of the Trade Com
mission demanding that the plaintiff
organization cease to employ selling
methods alleged to be unfair.
New-York tribune., 1919-03-25

The above rates express the cost Of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling, say, at $4.75%. The intrinsic
parity is $4.S65s per pound Thus, you
say either that pounds are at dis
count or that dollars are at premium,
winch IS owing to the fact that in Eng
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., 1919-03-25
Sterling Costs Traders in
London Sl.62 to Pound

LONDON, March "a. - The pound
sterling, was worth only S4.62 at the
close of trading to-day on the stock
exchange. This was the best offer
traders wishing to remit funds to New
York could get. Earlier in the day
business cable transfers were done at
few cents higher, but the rate seemed
more settled at the lower level.
New-York tribune., 1919-03-25
The Dollar in Foreign Exchange

The market for foreign. exchange
yesterday was a most cratic affair.
Sterling rates huctuated widely, with
sales Of cables reported at one time. as
high as $465. The closing quotation was
S4.63A, compared with S4.6S on Satur-
New-York tribune., 1919-03-25
Approve Gold Fund Draft

WASHINGTON, March "a. - Tho
American section Of the international
High Commission Mt meeting to-day
approved the draft of tho proposed
American gold clearance fund. The
same subject was discussed to-day by
sections of the commission in most
Central and SoDth American republics.
New-York tribune., 1919-03-25


The debating process has apparently
reached its limit.-Hayden, Stone 4; Co..
Standard stocks are selling far he
low their intrinsic value.-Toole, Henri
&; Co. WV
The outlook for many months ahead
should be very alluring. Bros.
Food, store, realty and motor stocks
are the ones most likely to ADVANCE
Goodbody & Co.
Only the intervention of calamity
can interfere with the country's pros
perlty.-Adans, Davis G Bartol.
Buy the better class of industrials
and railroad stocks and also the cheaper
railway shares.-Sp1iags e. Co.
Frugality is necessary in order that
we may meet the national obligations
arising from the war.-Canadion Bank
Of Commerce.
Imitation is having its effect on prices
OF securities, which were held down
by artificial restraints during the war.
u. Il. Watson & Co.
1t is quite likely that our government
viii be able to refund its AZ per cent
loans into lower interest bearing bonds
at the optional date of the outstanding
bonds.-C. f. Childs e. Co.
New-York tribune., 1919-03-25

Southern spot markets were te,e-
graphed as follows: Galveston Quiet.
rs points lower, at 26.45, sales 400
bales. New Orleans quiet, unchanged
at 27c; sales 3,276 bales. Mobile nom
inal, unchanged at 1926; sales ni,.
Savannah quiet, unchanged at 27c;
sales As bales. Charleston dull, un-
changed at 26c; sales nil. Norfolk
quiet, 90 points lower at Csc; sales 344
bales. Augusta quiet. SO points lower
at 26.12; sales 1876 bales. Memphis
steady, unchanged nt 27c; sales $50
bales. st. Louis quiet, unchanged al
27c; sales nil. Houston quiet, 100
points lower at $3.50; sales 5s6 bales.
Little Rock quiet, SO points lower at
26.75; sales 1914 bales.
New-York tribune., 1919-03-25
Paris Iradin. Heavy

PARIS, March 24.-Thcre was heavy
trading OF the Boursc o-day. Three
per cent rcntcs were quoted at 6S
francs, exchange on London at q
francs ccntmes, and the per cent
loan at SS francs rs ccntimcs.
New-York tribune., 1919-03-25
International Agricultural CurpuIata

March IS, 49,!
Agricultural Corporation has this day ~. y
ciarcd quarterly dividend OF one aio io1.s,sa ~
quarter per cent tAec) on the rIsiIiiiA ~, isiA
Stock OF tho corporation. payable Aptn s'oys
Of business March 3fst, 1919 The tFans''
books VIII not be closed
JOHN J. WATSON. JR.. TressuIe'-
New-York tribune., 1919-03-25

The Federal Reserve Bank of New
York has put In force the following
schedule OF rediscount rates which
apply to bankers acccptanccs: Maturi-
ties up to Is days, 4 per cent; s to
so days, inclusive, 4'4 per cent; 61 to
80 days, inclusive. 4l!a per cent.
New-York tribune., 1919-03-25
COTTON STATISTICS
LIVERPOOL Cables.-Snot cotton fair

LIVERPOOL Cables.-Spot cotton, fair
business doing; midding, 81 points
higher, at 15.S3d; good middling, 26
points higher, at 19.38d Sales 1000.
American 1000. Imports 5000, ali
American. utures opened steady, un-
changed to IL points higher Closed
irregular, at decline OF 3 to II points.
March, 1878; April, 1884; May, 1884:
June, 14.12; July, 1888; August, 1850;
September, 1925. Mancheste Yarns
dull; cloths, more inquiry but not
much doing.
New-York tribune., 1919-03-25
Sustcna nee
Cereals

Wheat.~-Total clearances last week
were not 80 large as expected, but the
visible supply showed decrease of
9,636,o00 bushels, bringing the total
to 101,od6.000. compared with 6,521 900
last year. Total clcarances for tho
New-York tribune., 1919-03-25
Freed Of Control
restrictions of British Capital
Issues for Home Use

LONDON, March 24-An order will
be issued by the British government
eXemptlnG. from the requirement of
treasury licenses all issues of securi-
ties by companies established in the
united Kingdom in cases where the
issuing company certifies that no part
or the issue IS to be applied for capital
purposes outside the kingdom. This
a.sinouhcement az was made in the House
OF Commons to-day by ]. Austen
Ghambcrlain, the Chancellor of the
tNchcqucr. Issues by British com
panlcs for capital purposes abroad. he
added, are still subject to control.
New-York tribune., 1919-03-25
DIVIDEND NOTICES

NATIONAL BISCUIT CCMPANf
63sc T-He Board Of piresfsr - y
COMMON elsred eusrei!y dsddez,sn 4
r,,t,r... one snd three -qusrtef, tis,
per cent on the Cennes cV
mock OF the Company. payable April Isth 1917 r. -
noeefs 81 record AZ the close ef brsincu MAo ''~
1919. Transfer books will DOT be closed
C. p. WELLS. Tu
New-York tribune., 1919-03-25

AS indicating how strictly the Brit
lsh government exercised its control Of
new security issues last year figures
recently published by The London
Economist showed that out of a total
OF 81 1893 .38i 400 all but f51 900 600 was
borrowed by the government The
largest outside borrowing operations
amounted to s11 ,515, 100 for iron. coal
and steel needs.
New-York tribune., 1919-03-25
Nominal.

Nominal.
value of foreign money in dollars and
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint:
New-York tribune., 1919-03-25
Bond & Mortgage Guarantee CO.


40 Kemscn Street, Brooklyn, n. r.
March "a, 1919.
~ tne annual election for Directors
vi this Company. held this day. the fol.
living were duly elected Directors for
The ensuing year:
1r,,d T.dnk Balley, Remsen Johnson,
1Loiiias r. 5aife, Martin Joost,
Suaiies .. brown, Clarence II. Kelsey
HrH.on -. buTdlck Edward Lyons,
,Ms,;Sisy - =; bush. Ranald II. Macdonald,
;,l.,,sn Juiien l. Dawes, Alfred Z Marng.
wnnsm L. DE Bost, John II. McClement,
2Uu,l p,n, -. Naryer. William f. Patterson,
I,itnara NJ: Hoe. Frederick Potter.
Hehry ~ Howarth. Felix NJ Warburg
At a subsequent meeting of Tho Besrd
tne following officers were unanimously
elected:
Clarence II. Kelsey . presid.n. |
frank Bailey. end V-Pres & Gen Mgr.
John H. Sherwood. 80. 3rd Vice e-President
Joseph II. Ward. 4th zee President
siinion ID. Burdick k.......... Treasurer
" Willism =. Clarke. e.........S Secretary
J1arold W. Hoyt. Assistant Treasurer
Hahdaii Salisbury. -. Assistant Secretary
IIugaf L. Hillary. Assistant Secretary
Herbert c. Boutwell, Assistant Secretary
WILLIAM B. CLARKE. Secretary.
New-York tribune., 1919-03-25
Money and Credit

Call money opened and renewed at S
per cent yesterday, and closed at 51b
per cent
The time money market was quiet.
with little lending at 5s4 per cent on
all-industrial collateral for sixty and
ninety day periods and at 5la per cent
on mixed collateral. Demand for funds
is light.
Yesterday Year ago.
Per cent, Per cent.
New-York tribune., 1919-03-25
Bank Clearings.-bank clearings yc

Silyer.-London. 47Ad, unchanged;
New York, 101 Ac, unchanged; Mexican
dollars, 77hc, unchanged.
Sub Treasury. The Sub-Trcasury
gained $1SS,000 from the banks on Sat
urday.
London Money Market. - LONDON.
March 24.--Closng money, 3h per
cent. Discount rates: Short and three
months bills, 3.17-32 per cent. Gold
premiums at Lisbon rs.
New-York tribune., 1919-03-25
Repercussions

Look for big speculation in Steel
Wrenn Brothers & Co.
New-York tribune., 1919-03-25

Frugality is necessary in order that
we may meet the national obligations
arising from the war.-Canatlion Bank
Of Commerce.
New-York tribune., 1919-03-25

Buy the better class of industrials
and railroad stocks and also the cheaper
railway shares.-Spriaags &; Co.
New-York tribune., 1919-03-25

Bank Acceptances.-Rate were un-
changed yesterday.
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per centPer cent Per cent.
Eligible
member
banks 90. .4h@4 4I4@4h 4n@4A
Eligible
n0n-mem-
Der banks 4h@A 4A@44 43s@4h
Ineligible
bank bills.5M@4lIs 5M@4Is 5A@4s4
For delivery within thirty days:
Per cent
Eligible member banks. 41t
Eligible non-member banks. .... 4N2
Ineligible bank bills. ......... 6
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., 1919-03-25

Only the intervention of a calamity
can interfere with the country's pros
Davis & Bartol
New-York tribune., 1919-03-25

Food, store, realty and motor stocks
are the ones most likely to ADVANCE
Goodbody &; Co.
New-York tribune., 1919-03-25

The outlook for many months ahead
should be very alluring.-Chandlcr Bros.
New-York tribune., 1919-03-25

The debating process has apparently
reached its lmit.-HaYden, Stone &: Co.
New-York tribune., 1919-03-25

NEW STYLE
The sun., 1919-05-08
TRIANON GUARDED
TO CHECK CROWDS
Germans Arise Early and
Fret at Delay.

VERSAILLES. May Elaborate prep
arations were made for tho historic &C.
casion of handing the peace terms to the
Germans In the Trianon Hotel to-day.
both in and outside the building.
outside there was a small army OF
gendarmes who formed a barrier
| against the approach of such persons as
were not entitled to enter the room
where the momentous scene was to be
enacted. Inside everything was in readi-
ness for the meeting between the allied
and associated delegates with the German
plenipotenttaries. although the early
morning hours had witnessed a rear
rangement OF the great hall, for orders
had been received to prepare seats for
eighty delegates. instead of for fifty
eight, who were expected yesterday to
compose the maximum delegation.
The French functionaries busted
themselves with the task of stretching
out tables to accommodate the extra
guests and laying a new rug to fit the
altered dimensions The increase OF the
delegations was effected at the cost OF
space which had been assigned to the
press.
Aside from the great men gathered
In the hall the most striking feature was
large antique rug OF bright. almost
garish colors, which was brought from
the Chateau Versailles to cover the open
space in the centre OF the hollow rect
angle OF the peace table. Although dat
ing from the time OF Louis XIV, the rug
is in perfect state OF preservation. 1t
Is known as "Savonnerie," and .ft
served to brighten the entire room. The
rug was the only link In the conference
chamber connecting to-day's ceremony
with the time when France was a mon
archy.
Those who measure history by the day
called attention to the fact that III days
had passed since the armistice was
signed and 1os days since the allied and
associated Powers began their delloera-
lions at Paris. the fruit OF which was
the peace treaty presented to-day.
The German delegation was early
afoot and an air of marked excitement
prevailed at its headquarters. The Ger
man plenipotentiaries, whose Impotence
at the indefinite defeSment OF the day of
meeting led them, as revealed through
German sources. to threaten to return to
Berlin unless an early date was fixed
for the ceremony. were making the last
personal preparations.
Although only fourteen official Ger
man representatives and i've correspon-
dents attended the meeting in the
Trianon Hotel the remaining members
OF the German. delegation now almost
$50. were as excited as II they also
had been assigned a role in the days
great ceremony.
The French authorities established a
special postoffice at the Trianon for the
benefit Of souvenir gstherers. Letters
and postcards will be stamped with a
special commemorative postmark in
scribed Versailles Congress. 5-7-19."
Privileged guests were admitted In
side the external barriers and lined
both sides of the avenue up to within
short distance OF the entrance to the
Trianon Hotel Automobiles bringing
the allied delegations deposited them
inside the courtyard OF the hotel. At
the main entrance door there was a
platoon OF the Twenty-sixth Battalion
The sun., 1919-05-08

by President Wilson's promise to appeal
TO the Congress for approval Of his as
surance that America would rush to the
aid OF France in the event of further
German aggression. In view of the hard
terms they do not zee how such aggres-
sion could be possible, and in some
quarters the belief was expressed that
probably there was another meaning
back of the proposed alliance.
The promise to help France. taken
by some to mean that tl,s President has
in sight an American military policy
which will provide for keeping we'll
trained force ready in this country for
Immediate embarkation to Europe.
together with ships and equipment.
Plans for creating such a force will be
announced. 1t is expected. as soon as the
President returns.
The sun., 1919-05-08
French to Investigate Holy Lsna

ToULoN. France. May "A French
Government mission sailed from here
yesterday for Beirut to make an eco
nomic investigation OF Syria and Pales-
tine.
The sun., 1919-05-08
GERMAN MUNITIONS BLOW UP.
Heavy Damage in vicinity of Old
Dump Near Brussels.
BY tks Assocsdicd Press

BRUSSELS, May 6 (delsyed) A depot
OF German ammunition. containing shells
and bombs of every calibre and many
gas shells, has been exploding since yes
terday morning at the railway station at
Groenendael six miles south Of Brussels
where Canadian troops were inspected by
King Albert eight days ago The depot
has been under guard of $50 Belgian
soldiers, and 600 German prisoners have
been at work near II.
Many houses in the neiehborhood have
collapsed and windows and roofs for two
miles around have been shattered. The
movement Of trains over the Namur-
Luxembourg line has been interrupted.
1t is reported that while workmen
were unloading wagon hlled with
shells a decorator exploded In the hands
OF a German prisoner. setting fire 20 the
ammunition boxes. After the explosion
the German prisoners broke the barped
wire Gordon surrounding the camp and
Ned through the woods. Only $50 have
been arrested since.