davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1920-04-12
EYIEN NATIONAL MARKETS H== -
Foreign Exchange Displayed
Wide Fluctuations Last Week

The foreign exchange market con-
tinued to show contrasting and In
some cases sensational develop
ments. While sterling was support
ed by the increasing imports of
gold from Great Britain and marks
developed firmness largely uncover
ing shorts. French and italian ex-
changes reached unprecedented low
levels. The other exchanges were
quite irregular within q range Of 8
to 30 points. The resumption Of ex-
ports Of the United States gold coin
to Argentina brought up again the
discussion whether these shipments
and the preceding ones this year
were not really for the account of
Great Britain. In some usually well
informed quarters IL was believed
that the gold that Is being received
from Great Britain is really to re-
pay prominent banking interests in
this country who were said to have
advanced a considerable amount of
money to facilitate purchase of
Anglo-French bonds at recent ex-
tremely low figures. In other quar-
ters It was held that there was no
connection between the inflow of
gold bars from Great Britain and
the outflow OF United States gold
coin to Argentina
It IS estimated that 10000, 900 has
been arranged for to be shipped to
Argentina at .his time, the greater
part of which will not be taken till
next week, when there is a faster
steamer available.
1t was believed that Argentina
would pay of the $50.00o.o00 loan.
which natures next month, as
Washington and our bankers have
appeared indisposed to renew this
loan as requested. On the other
hand, the difference in exchange be-
tween Now York and Buenos Aires
continues to afford a moderate profit
on exports over all expenses. Moth
ing definite was expected in reia-
ton to the proposed Argentina
$200. 900. 900 commodity loan to Eu-
rope, that is, to Great Britain, Italy
and France. until favorable action
has been taken in the matter by the
newly elected Argentine senate.
The International financial posi-
tion OF Great Britain continues to
show improvement, particularly in
the increasing volume of exports,
while conditions affecting France
and Italy have been unfavorable.
The French invasion of Germany
will add materially to the debt of
France. AS has been the case for
some time past there was a variety
Of theories to account for the
The Washington herald., 1920-04-12
VANDERLIP'S PARTY
EN- ROUTE TO JAPAN

Seattle. Wash. April 1l.-Frank
A. Nanderlip. nnancier. and a party
Of bankers. educators and business
men left here yesterday on the
steamer Keishima Maru for Japan.
The party Is visiting Japan on the
invitation of the imperial govern
ment and a group of leading jap
anese business men. The object OF
the tour is to foster more cordial
relations between the United States
and Japan and 10 afford the Ameri-
can economists a better knowledge
of the Far East
The group includes: Darwin p
Kingsley. president of the New York
Life Insurance Company; DR.. J. G.
Shurman, president Of Cornell Uni
versity: Seymour L. Cromwell, vice
president OF the New York Stock
Exchange: Julian Street, writer;
Henry w. Taft. New York lawyer
and brother OF former Presiden,
Taft; Louis L. Clark, president OF
the American National Exchange
Bank of New York: Lyman ]. Gage
Secretary of the Treasury under
President Mckinley.
The Washington herald., 1920-04-12

India rubber. Of which the impor-
tation in 1914 amounted to $4,000
900 pounds. was sss,ooo,ooo pounds
in the caiepdar year 1919. and seems
likely to exceed soo.ooo,ooo pounds
In the fiscal year 1920. Goat skins,
not usually classed as tropical prod
ucts, but In fact supplied in our
from tropical and subtropical coun-
tries, were valued in our import
statements Of 1914 at 100000 and
ss6.o0o.ooo in 1919. with a prospect
Of passing tho 100000, 900 line in
the fiscal year 1920. while the guam
tity imported In 1919 was 134,o00. 900
pounds as against S5,0o0,Q0o in 1914.
The quantity Of sugar brought from
the tropical world. including our
own islands. in 1914, was 6.S1S.0oo.-
900 pounds and in 1919, S,SS9,000. 900
pounds, having thus increased about
30 per cent in quantity. while prices
per pound in 1919 were considerably
more than double those Of 1914.
The tropical world, says the bank 6
statement. has reciprocated this new
demand from the United States by
buying more largely from US than
formerly. In 1914 It bought from US
$41 100000 worth of our merchan-
disc (as measured by our export
statements to all tropical countries)
and in 1919. $1.2s2,0Oo,ooo, or three
times as much in value in 1919 as in
1914. while the value of our i'm
ports from the tropics in 1919 was
also three times as much as in 1914.
While II is a fact that our sales to
the tropics are still far less than
our purchases from them - only
about $1,000. 100000 in 1919 as
against $2,0eS, 100000 OF imports
therefrom-yet II Is also a gratify-
ing fact that the growth in our
sales to that section of the world
has shown a larger percentage of
gain than the import. the gain in
the exports to the tropics having
been 200 per cent and the imports
therefrom about ITS per cent.
This large percentage of gain in
our exports to the tropics, says the
banks statement. is a perfectly nat
ural one, since the tropical world
was during the war period unable
to obtain manufactures from Europe
as formerly and therefore turned to
the United States. the largest manu-
facturer OF the world at the begin
ming of the war and now the worlds 6
largest exporter OF manufactures
Manufactures. says the banks state
ment form about four-fifths Of our
exports to the tropics. and manu-
featuring material and foodstuffs
about four-fifths OF our imports
therefrom.
The Washington herald., 1920-04-12

fractionally above the price at which
they were originally placed with
investors. The opinion in short
term-note circles at the close of the
week was that the market will
gradually assume a more normal
condition, with prices substantially
higher, which will mean q lower net
revenue to the investor. Therefore
many are recommending the pur-
chase of high-grade. short-term
notes at this time. confident in their
belief that the present affords an
opportunity to invest on a higher
interest return basis than will be
possible little later on.
Big Demand for Aeceptanees.
Acceptance bills were in urgent
demand for the first time in severai
months, and 1t was said that pur-
chases Of bills had been made by
some of the strongest interests in
Wall Street. 1t was reported that a
substantial amount Of acceptance
bills had been taken on for the ac-
count of Great Britain with money
now on deposit in this city in con-
nection with the AngIo-French SIS,
which mature next October. Inte-
rior institutions also have purchas-
ed bills rather freely.
The Washington herald., 1920-04-12

are also bringing into operation a
coking process for high volatile BIZ
luminous coal which IL Is claimed
Will produce about twice our pres
ent consumption OF gasoline from
the tonnage of coal we use each
year, and in addition will produce
innumerable necessary by-products
such as dyes and fertilizers, that
Will increase the mine value OF our
coal many times.
The first battery OF these cokinc
ovens, which in addition to other
things will make practically the
whole of our high volatile bitumin-
Gus coal supply available for steel
making. Is being erected at Granite
City. Ill. Japan is also PREPARING
to adopt the process on a large
scale. The powdered coal mixture
has so far not been commercially
perfected, as the coal sinks to the
bottom OF the containers. However,
the mixture can bo Transported in
pipe lines, and It has been sue-
sested that q solution can be ar
rived At by establishing central
mixing stations from which nearby
plants can be supplied.
Other proposals for the conssrv.
tion Of coal and of fneiude tb.
super-power plan for the electrtn. |.
cation OF the railroads ana the utiIi.
zation OF the water power Of the
country. It 10 claimed for the rail-
way classification plan that I,
forms the cheapest Of only three 40
lutions Of the problem of Increased
efficiency in transportation. Tn.
other two are reductions of grades
and additions to tracks. The elec-
trio locomotive. II is said. win draw
twice as much as a steam locomo-
tive, and through the reeeneratiye
brakfng process can be made to re-
turn from Is to SO per cent of the
power 1t uses. Also, the great waste
involved In coal generated elec-
tricity can be largely reduced
through the employment of water
power where practicable.
The importance OF conservation
OF our fuel supplies is currently en-
phasized by conditions in Europe
where much Of the delay in the re-
sumption Of industry is due to a
lack of coal. We have also lately
experienced some of the hardshin,
that follow the interruption OF coal
supplies and are therefore in a
frame OF mind to give the question
serious consideration. We should
lose no time in making the water
power Of the country available for
use. In view Of the anticipated ex-
haustion Of un-replaceable re-
sources, like coal and oil, the senti-
mental objection to the utilization
or our water power seems silly.
The Washington herald., 1920-04-12

sources Of the gold that Is being
shipped from Great Britain to this
country.
The weakness In French and Ital-
ian exchanges was spectacular, not
withstanding that the financial COM
munity all over the world has been
accustomed to declines in those ex-
changes. A low point OF 1873
reached for franc checks. together
with the disturbed International po-
litical situation, caused by the
French invasion of Germany, i'm
parted a dramatic phase. The ac-
tion Of the Bank of France in ad-
vancing' its rate of discount to G
per cent, the first change since the
war was declared, illustrated the
strained finances OF that country.
Leading bankers here. however.
expressed the opinion that the ad-
vance would not have any positive
international effect. although 1t WIN
probably make money conditions In
France more stringent particularly
in commercial sense.
No one attempted to explain the
extraordinary Weakness In Italian
exchange. Lire fell as much as 10
points at a time to the unprecedent-
ed figures of 24.50 for cables and
24.52 for checks. In other words,
the dollar at last weeks low points
for francs and lire was worth over
three and a half times as much In
francs and nearly four times as
many lire as before the war. Marks
were extremely active and there
were sharp contrasting movements
in that exchange. A move against
a supposed heavy short interest
forced the rate up to 1.85 and there
were predictions of Q cents being
reached. Later there was a sharp
reaction Of IL points to LA, In SYM
pathy with the disorder in the other
exchanges and reports of a prob
able fall OF the German cabinet.
The analysts OF the gold move
ment were unable last week to fig-
ure out the origin OF the gold re-
ceived from Great Britain as the
ed no clue in its changes. The two
disclosed losses In gold that would
account for the exports to this
country. The total OF the yellow
metal thus far received for Anglo
French loan credit, including the in
coming steamer consignment ap-
proximates $4,000. 900. The loss in
gold shown by the Bank of England
statement in the last three weeks
Is SIC. 200, 900 less than the amount
Of the exports.
The S10.0o0.oo0 in gold coin to be
shipped to Argentina brings the to-
tai exports to that country from
New York SO far this year to $70.-
100000.
The Washington herald., 1920-04-12
EXHAUSTION OF
FUEL SUPPLIES
Both Coal and Petroleum
Are Approaching Sc
rious State.
SUBSTITUTES URGED
Scientists Believe This To
Be the Only Alter
native.
SUBSTITUTES URGED

II our scientists are to be cred
tied, our fuel supplies both of coal
and petroleum are approaching prac-
tical exhaustion and demand seri-
Gus consideration both as to con-
servatton and as TO the develop
ment OF substitutes. Secretary
Lane. who has long been recog-
nized as an authority on the sub
ject and q strong advocate Of con-
servation Of fuel. particularly of oil,
is very pessimistic as to the lat
ter, predicting the exhaustion Of our
adequate oil supply within a gen
Grafton. His prediction is affirmed
by NE. Mackay Edgar. the noted
English oil expert who prophesies
that within ten years the British
Empire will be selling up 100000. 900
barrels of oil year. II Mr.. Edgar
is pessimistic about our oil sup
ply, he is compensatingly optimistic
about the expansion of our indus
try in general. for, II We were to
buy SOC. 200, 900 barrels of oil from
Great Britain, 1t would be nearly
zoe, ,00o, 900 barrels more a year than
we now produce. However, there
is no question about the gravity
Of our problem. Secretary Lane de-
clares that there is at present no
adequate cheap substitute for gas
oline and other forms of refined
oil. and urges economy In its use
and in its extraction from the
ground. We are charged with q
waste Of our oil supplies only par
alleled by our waste OF timber. Bet
ter methods are now being used
in the Oil fields, but IL is said that
the waste is still great enough to
be described as criminal. He also
advocates the development OF moro
efficient engines and OF carbureters
suited to the use Of blended fuels,
and the denial Of supplies to OIL
burning foreign ships whose gov
ernments discriminate against
American oil-burnera
Some of tho scientists who have
Investigated the problem 60 further
and recommend the use of coal and
electric water power as substitutes
In every field in which they can be
employed. Our coal supplies, espe-
cially of high grade coal, will not
last forever either. but they are ex-
pected to last much longer than our
oil. In their experiments the sci
entists have found that it is pos
sible to mix powdered coal with
fuel oil on q basis of 40 per cent
coal and 50 per cent oil and obtain
results equal to an oil fuel. They
The Washington herald., 1920-04-12
U. S. FOOD PRODUCTS.

The Omitted States Food Products
Corporation for the year ended De-
cember 81 last shows a net profit
after all taxes and charges of $3,-
051.9o4, equal to $9.91 a share, 500
par. on $30.774,1s0 outstanding cap
ital stock. The company issued it's
annual report for the preceding year
under the name of the Distillers
Securities Corporation, showing net
profits of $1o.o5s,5ss, or s31.12 a
share. on $32.so6,sso stock then out
standing.
The Washington herald., 1920-04-12
NATIONAL LEAD 60.

The National Lead Company, ac-
cording to its annual report issued
on Monday, in 1919 had net income
of s4,632,560. against s4,s92,S15 in
1918. The surplus for the common
stock, after payment OF preferred
stock dividends, was s2,s26,S2S,
equivalent to 14.17 per cent on its
common stock, contrasted with per-
centage earnings of 14.46 per cent
in 1918.
The Washington herald., 1920-04-12
MAY DEPARTMENT STORES

The May Department Stores and
subsidiaries report for the fiscal
year ended on January 81 net pref
its, after charges and Federal taxes,
of S4,19S.104, or s24.92 a common
share, after deduction of preferred
dividends, which contrasts with
$3.50 a share earned in 1918.
The Washington herald., 1920-04-12
ASSOCIATED DRY GOODS.

The annual report of the Asso-
ciated Dry Goods Company for 1919
shows surplus. after all charges and
Federal taxes, of s3,2s7,374, or s13.34
share. earned on It's s14,9S5, 900 of
common stock, after deduction of
dividends on its first and second pre-
ferred issues, against s1,573.i1o or
$1.s2 share. earned on its common
stock In 1913.
The Washington herald., 1920-04-12

riously curtailed by the strike. No
cars have been loaded this week at
the Chicago plant. Receipts Of cat
tie have been normal at other
plants. An improvement in the
shipping situation must take place
IL serious shortage of fresh beef
in large consuming centers is to be
prevented
Collections generally are good"
The Washington herald., 1920-04-12
WILYSI OVERLAND co.

The WIIIys-Overland Company
and subsidiaries for the year ended
December 81, 1919, show a net in
como after charges and Federal
taxes OF s1,735,26S, equal to 8 cents
q share, SIS par. or s39,527,745 COM
mon stock. against s5.536,255, or
s3-64 a share on $39,42S.0S7 common
stock outstanding in 1918.
The Washington herald., 1920-04-12
ARIZONA COPPER.

The company produced 100000
pounds Of copper in March, and the
same amount in both January and
February, In March, 1919, $500, 900
pounds were produced.
Arizona republican., 1920-08-20

Maza the first time out and now that he holds a decision over the Mexican featherweight he wants the return match.
 Gardner makes his position plain in the following statement. received by the Sporting Editor of The Republican: Sporting Editor. Arizona Republican.
 When I agreed to fight Young Maza at Tally's arena last month the Ameri- can Legion matchmaker promised to give me a second bout if I beat my first opponent. I took him at his word and boxed Maza for a small purse in order to break into the game fn Phoenix. I have been a resident of this city for some time and feel that I should be given a chance to box here just as well as boys who are inn ported from outside towns. I beat Maza, yet Maza is given a return bout here Labor Day instead of myself. am entitled to match here as long as put up winning fight. Any time
Arizona republican., 1920-08-20
AMERICAN LEAGUE

Yesterdays Results Detroit 4, Boston 0. Cleveland 3, New York 2. Philadelphia Chicago. rain. St. Louis Washington, rain.
 Today's Games St. Louis at Washington. Chicago at Philadelphia.
Arizona republican., 1920-08-20

Before another day dawns Phoenix wrestling fans will know whether Pete Sauer IS a champion or whether he must go back for more extended course of training before taking chance at meeting Champion Eklund.
 Pete has been working faithfully for tonights bout with Sam Clapham, and his physical condition affords no alibis in the event he fails to peat the British Lion. The odds have been against Sauer in every event in which he has participated since coming to Phoenix, but the local pride has covered himself with national prominence by dropping his opponents in championship style.
 There is no denying Pete Sauer has the makeup of a champ and unless he meets with rough treatment before many months have passed Phoenix should be watching the reports for news of ther champions battles.
 Sam Clapham, the British Lion, is the toughest opponent Matchmaker Tally has selected for Sauer The English champion has thrown some of the best in the game and for seven years he has successfully defended his title as light heavyweight champion of England. He made three trips to the old sod to de- fend the Lord Lordsdale belt he won six years ago, and each time he made short work of his opponent.
 Sam refuses to make any prediction on the outcome of tonights fight, seem ingly being content to let the pubic judge by his performance on the mat. He has a world of confidence in his own ability and is willing to concede Sauer a worthy match for any wrestler.
 Regardless of who is returned the winner in tonight's wrestling consest. the public is assured of championship
Arizona republican., 1920-08-20
CLAPHAM- -SAUER WRESTLING
 EVENT BOOKED FUR TONIGHT

event with men of top-rung ability pittcd against each other in the main event.
 The preliminary will offer two local mat artists in a home town event to
 The semi final will be a four-round boxing contest between Walter Sinclair and Kid Ellis. Both lads will weigh in at 145 pounds at o'clock this after noon.
 Sinclair has boxed some of the best men in the game, and though he never ranked as a champion in his class, he always kept the champs on the anxious seat waiting to see what he would do next. His last bout was at Fort Bliss. where he put one of the army champs to sleep in three rounds. Sinclair S last nine bouts were won by the kayo route.
 Ellis is local boz with out of town ambitions as a fighter. He is working out daily with Ira ONeil and gives promise of developing a fighter of real class. His bout tonight will determine just how far he must travel before real iZing his ambition.
 Matchmaker Tally announces that the first event will be staged promptly at 8: 80 o'clock this evening and each event will follow in quick succession. In the event of rain the card will be staged tomorrow evening.
 Tickets for the wrestling match and boxing contest will be on sale at Eddie Doyle's cigar stand until o'clock this evening.
Arizona republican., 1920-08-20
HOW THEY STAND
NATIONAL LEAGUE

Yesterdays Results Philadelphia 5, Pittsburg 2. Brooklyn ?. Cincinnati 3.
 Today's Games Boston at St. Louis. Brooklyn at Cincinnati. Philadelphia at Pittsburg. Ne wYork at Chicago.
Arizona republican., 1920-08-20

I get beat I will step down and out Of the way and give some other fellow a chance but until I have been beaten why put me on the shelf?
 The matchmaker has been bringing boys down here to try and beat Bat ting Scotty and I am perfectly will ing that he bring in some fellow to beat me. I am willing to take chance if the matchmaker will, but am not going to fight six rounds for nothing. Why should the preliminary boys put up all the fight and the main eventers get the gravy for stalling through ten rounds2
 Trusting you will find space in your valuable paper I am sending this as challenge to any 122 pound fighter in the state. Respectfully.
 ANDY GARDNER.
 Neaion of Phoenix for Supreme Court.-Adv. At
Arizona republican., 1920-08-20
GRAND cIRcuiT RACE

PHILADELPHIA, Aug 19-Rain caused a postponement of the Grand Circuit races at Narberth today.
Arizona republican., 1920-08-20
INDIANS TAKE TWO
 0UT IF THREE FROM
 NEW YORK YANKEES
Yankees Unable to Win With Babes Homer
 In Fourth
[RepubIIcan A. P. Leased wIrel

NEW YORK, Aug. 19-Cleveland made it two out of three from New York. The game was slow, although it was pitching duel between Cald- we'll and Sharkey. Ruth made his 43d home run in the fourth inning. hitting the ball over the right field stand The Cleveland players, and Lewis. Pipp and Shore of the Yankees, went to Cleveland tonight to attend the funeral tomorrow of Ray Chapman. Score:
Arizona republican., 1920-08-20
ANDY GARDNER SAYS
 HE IS ENTITLED TO
 RETURN MATCH HERE

Andy Gardner. conqueror of Young Maza, is anxious to break into the local arena for another session with any good 112 boy, and Andy says he will even stretch a few pounds in order to get a fight.
 The kid is peeved at the failure of the Legion matchmaker to arrange for a return bout in this city. He says he was promised second bout if he beat
Arizona republican., 1920-08-20

going in factories and on rail- roads-men everywhere who are doing real work have found just what Bill Clark has about Blue Buckles. Blue Buckles always give them com- fort and long wear.
 The heaviest, toughest denim cloth goes into every pair. Blue Buckle OverAlls and Coats are big and roomy. They are made so they can't rip. And every de tail is given careful attention has the best there is in union workmanship.
 All sizes-Men's, Youths. Children's. Ask your dealer today about Blue Buckles.
Arizona republican., 1920-08-20

Summary: Two-b base hits-Shorten, Young. Stolen bases-Cobb. Young 2. Sacrifice hit-McInnis. Double plays Scott to McInnis; Hooper to McInnis. Bases on balls-Leonard ?, Bush 3. Struck out-By Leonard ?, Bush l.
Arizona republican., 1920-08-20

T.NIFTEEN years ago a
 farm hand without a cent A to his name - today a prosperous farm owner near Greensboro, N. C.-that's Bill Clark record.
 There's hardly a working day in those fifteen years that Bill Clark hasn't put on over aIls. Almost Gny time yoal 90 to his farm yoaI'U find hina an Blue Buckle OUerAHS.
 He'sfound that BlueBuckles stand up under every farm job he's ever given them. And millions of other men, taking in the crops, keeping things
Arizona republican., 1920-08-20

Neaion of Phoenix for Supreme Court.-Adv. At
Arizona republican., 1920-08-20
SOUTHERN ASSOCIATION

Atlanta 5, Memphis O.
 Birmingham 4. Chattanooga ?. Nashville 0. New Orleans 2. Little Rock Mobile. no game
Arizona republican., 1920-08-20

Summary: Two-base hits-Ruth Wanabsganss. Three base hits-Jam- ieson, Bodie. Home runs - Ruth Smith. Sacrifice hits-Wambsganss Caldwell. Bases on balls-Off Cald- well n, Shawkey 3.
Arizona republican., 1920-08-20
AMERICAN RESIGNATION

' Mfiwaukee 8, Toledo 4.
 Kansas City l, Columbus '.
 Others scheduled for today played yesterday