davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-06-26
GREENE CANANEA COPPER CO.

AZ Broadway. New York ~ Y.
~ The Board of Directors of the Greene
Cananea Copper Company has declared a
dlvidend of SO cents per share upon its
Capital Stock Of the par value of $4,000
Per per share, payable on August %. 1920. to
the holders OF such shares of record at the
close OF business at 3 100 o'clock .. m, FRI
day. August 6. 1920 The dividend IS pay
able only upon the $4,000 shares into
which the Capital Stock is divided All
stockholders who have not converted their
holdings into shares of $4,000 par value
should do so without delay In order. that
they may receive their dividend promptly
The transfer books will not be closed.
j. w. ALLEN. Treasurer.
New York. June "a 1920.
New-York tribune., 1920-06-26
Sugar and Coffee
Current Year
prices. ago.
Sugar. granulated. Ib...22 024 os
Co1es. Rio No. 7....... 1870 - .23
Conee. Santos, No 422& a 121 28A n 90

Current Year
sss:,; ss;,.: f,.nslst.a. ga va e. 8
Coffee. santos. No. 4..sss e'ssa .2sn9'2s
..s.'ss Sgssr-The raw sugar market was un-
,avSI s Of Of, Dgye5s 9n IT. was rsported that
.o soid at l!-c C. /. (. in port and later in
'ne day there were rumors that full duty
sagars had been sold at 17c C. t.. (. or
By sloat.
"A. AZ the close OF the day negotiations were
oslsved ss to De under way for full duty
cost and freight II offered in prompt posi-
tions as moderate buying interest was
ssn, nnSwn at at that level A lot Of July ship
amwn ol,. at lie cost and freight, but not
In refined sugar Arbuckle was reported
5ss shipment on or before July 81. Other
"De tne market was unchanged.
zones Futures-The coffee market opened
re;;,vs' no;r.s' UNCHANGED, to an advance OF 13
Nss ssaoa ;, July notices. representing about
y oW .aiy sold up from 1895 to 1920. The
.s,,aasth x,m,nsth Of July and the fact that grades
sor,n .,.,ns On the exchange here are cheap
~setea n"aa good demand from strong trade
H. susp.s: wno have received the coffee with
~ :. mention OF selling to the interior.
:. 70 sad in this connection that owing
.s shs relatively low price the grades OF
~ ssaes t!Hely TO be delivered on contract
~ - a,sssctins. little better demand from
- country. II 70. the situation in this
aseei may lead to a narrowing Of the
sIsiehce between Rio and Santos coffee
~ a,s enc futures nearer to parity with
- ~ quotations for Santos coffee. The mar
- - sciosed at net gains for the day of 8
"a ttaers were no indications that the cost
~ freight market in Brazil wae any
ssssef ssas and offers were few. The local
III market. while hrmer In sympathy
s.n Lotures prices. showed no perceptibls
st22.ovsmeat st2 In demand from the interior,
:TrSuxn there was sonlc inquiry reported.
Ass range OF prices follows:
New-York tribune., 1920-06-26
Toronto
Ald AaN [
New Haven Plan Authorized

HARTFORD, Conn, June 25.-The
New York, New Haven & Hartford
Railroad Company has been authorized
by the Public Utilities Commission to
acquire the gold debentures Of the
Providence Securities Company, amount
ing to $16,75S 600, and to issue its own
dehentures for like amount.
New-York tribune., 1920-06-26

Continued from preceding paa.,

hut the late positions showed the greatest
strength closing at unchanged to a cent
bushel advance, while July was 2tsc net
,aver Crop accounts were favorable and
The action OF the cash markets OF late in
dcated very clearly that the demand has
been we'll taken care OF and that cash
In the local cash market No. yellow corn
quoted at s2.olA; cost and freight New
York. June shipment.
Yesterdays Previous Year
Corn. Mi No yellow s2,olN s2osa sl.ssM
Chicago:
s:SI.nssr. ssIy 1s.!: 1s.s III 1.s7s 1:7sA 1.7s
Oats-The market was Influenced more
or less by the action OF corn, but on the
whole the undertone was steady and final
Prices showed little or no change from
the source of more or less uneasiness as
further complaints were received of short
growth. Cash markets were steady to
local market the undertore was easy with
Nos /. ?, and white quoted at s1.3S
to s1.S5; fancy clipped white s13s; or
dinsry clipped white sl.a6; all elevator.
NY: close. close. ago.
white sl.ss@1ss s1.a4@1.s5 s.77h@.7s
Chicago:
ssS,: ss's: lsa sss l's .sss :s7H :s7H
Rye-Market easy.
Yesterdays Previous Year
MI: close. close. ago.
No. 9 West. s2.44% $2.46N $I.51
Flour and Meal-Ouotations were:
Yesterdays Previous Year
N Y: close. close. ago
MINI. patent
$i3.25 1925 $13.25Q1426 $11s5@1190
Corn meal
1850 4.90 4S50%eo 3.6o@4.1o
Rye flour
n.76 Q12.10 11.75@1210 9.75
Bran 6400 6400 43.0o
Cottonseed Oil
There was further active LIQUIDATION in
the market during yesterdays session and
prices declined to new low records. closing
VIII net losses Of 10 to 81 points. The
Weakness in lard and cotton served to
undermine confidence. while the cash de-
mand was again slow. There was how
eve! quite active covering on the break
and some authorities were disposed to
take hrmer view OF the technical posi-
ton. Total sales for the day were 23,300
barrels.
The range OF prices follows:
New-York tribune., 1920-06-26
NIpIss1NG MINES COMPANY. LTT

le5 Broadway. New York. June 2s, 1920.
The Board of Directors has to-day de-
clared Regular Quarterly Dividend OF
FIVE PER CENT payable July 20. 1920,
to shareholders OF record June go. 1920
Transfer Books close June 80. 1920, and
reopen July 10, 1920
p c. PEEIFFER Trea s,rrer
New-York tribune., 1920-06-26
Miscellaneous Markets

New York State Bonds
Issued IN coupon and registered form,
not Interchangeable. Coupon bonds regis
New-York tribune., 1920-06-26
Investment
Information

Questions of generGl tnterest to
tnvestoys sDsll be answered in this
COLUMN, IN toh:ch case only initials
WsH De usea. Others will be an.
swercd by mail. Addrsss all In.
qusrtes. inclosin0 a stamped. al.
dressed enpeIope, to Financial Editor.
1he Tribune. ISL Nassau Street, Nev
York City.
New-York tribune., 1920-06-26
READING COMPANY
General ofItpa RonIfp<r Tn

Philadelphia. June IL. 1920.
The Board of Directors has declared
from the net earnings quarterly divi-
dend Of one per cent. (1So) on the Second
Preferred Stock Of the Company. to be
record at the close OF business June %
1920. Checks will be mailed to s,ockhoid.
ers who have filed dividend orders with
the Treasurer.
JAY " HARE. Secretary.
New-York tribune., 1920-06-26
Not in Position to Take Chances

ct 0tuestion-Within, several weeks I ex-
doars 9ef 20 t haye evss on hand several thousand
aYes for general pHysoay in
fore desire to invest IS 900 to derive the
greatest greatest danrsa amount Of income with the
railroad bonds. Chicago & Northwestern stern
genera GENERA % os, dllinois Central refundng ~
TO derive an income of about s40s ncr
year from $4,000 Would Western Mary
IAN am esnceiaiIS al IS or % be too great risk?
dition Of the New York Central railroad
anu 's oonds as an investment.-T. b. r.
Answer-Your desire for a yearly in
come of $400 on $1,000 means that YOU
must invest your funds to yield 8 per
cent This, to our mind, is not the
proper thing for you to do. You ex-
plain that. you are incapacitated. It
would be better, then, to be satisfied
with from per cent to per cent and
II Know that your principal is fairly safe.
ana even 10 per cent, but the security
oehlnd them is not of the best. Chi
cago q northwestern s per cent and
Illinois Central refunding per cent.
on the other hand, do not yield per
cent. Western Maryland per cent.
not 6h per cent, yield over 8 per cert
1t is large issue on small road
with poor credit. The price denotes
that New York Central per cent
debentures are not secured by mort
gage. They occupy the same position
relatively as a preferred stock. The
earnings of this road have not been
good. What they will be under the
new legislation remains to be seen.
The following securities, all seasoned
and we'll secured, would average You
close to per cent; st. Paul general
per cent, 1889; Illinois Central q per
cent, 1858; New York Dock first per
cent, 1851; New York Central equip
ment Z per cent, 1921-'35; Southern
Pacific equipment Z per cent, 1924
35; United States Steel per cent
preferred, Standard Oil of New Jersey
Z per cent preferred, United States
Rubber per cent preferred and Amer
lean Tobacco 6 per cent preferred.
Panhandle Producing and Refining
poets of Panhandle Producing and Rein-
ing Company preferred stock?-R. S. d.
Answcr-For the first five months of
1920 this company reports surplus
Of about 100000 after payment of
preferred dividends and allowing $780,
600 for depreciation. About $35O,OOO
of preferred stock has been retired
since the first of the year out of
total of $4,0O0OOO issued No dividend
can be paid on the common stock in
any year until the company has pro-
vided through the operation of a sink
ing fund to retire $4,000 of the pre-
ferred stock. This is callable by lot
at 10 or can be purchased in the open
market. Naturally with the stock SELL
ing at low figure it has been to the
advantage of the company to buy at
duction of oil is reported at about
1,500 barrels day. The refinery at
Wichita Falls has capacity of 5000
barrels daily. The margin Of present
earnings over preferred dividend re-
quirements is not very large and the
stock, in our opinion, is in a specu-
lative nosition
New-York tribune., 1920-06-26
Foreign Govt. and Municipal Bonds
Unterest To Be Added)

Bid Asked.
Anglo French Extern 5s 1920. a91s 991es
Province of Alberta .......... "a
Argentine Intern 5s. 1945..... 70 71%
Kingdom Of Belgium 7hs. 1915. 97% 98
Canada, Dom Of, notes. 1884,. ok 97as
do 5s. 1921. 21.................. 97A 973s
do 1926. .................... 81 871a
do 1929. s9s 90
do 1881. Observation-Disclosures. 851s 86h
Chinese gvt Hu Kug Ry 5s, 81 42ls 43
Cuba Extern SIS. 1944....... 90H 81
Cuba Extern. 5s. Series A. 194s 80 S2h
do 4as, 1919. 49............... ri 73
Dominican Republic 6s, 1853. S51a 87H
City of Lyons 15-yr 5s 1894. 84% sc
City Of Marseilles 15-yr 6s 1894 S47s IS
City of Bordeaux 15-yr 6s, 1894. S4N Sc
City of Copenha 25-yr 5lhs, IA. rs 1853
French Paris City 6s. 1921... 92h 92%
Japanese Gov l1s. str, In. 1925 1874 IA
do ks. I'd series, 1925. ...... 72A 73
do As. string In. 1881. 55 55h
japanese. Toxic City 5s 1852. So So
U. X. G. B G. 5-yr 5 As 1921 96}H 81
DO 3-yr 615s. 1922. 93 93A
DO 1O-yr 51as, 1929. 9......... So S81a
do 2O-yr 51as, 19S7.......... S41a S4%4
Mexico extern str 5s of 90, 1945 34as 35
do extern gold As of 04. 1854 rs FIX
hlngdom OF Italy 5-yr 613Go 6 b 92 93A
New-York tribune., 1920-06-26
JAY v. HARE. Secretary.

N. w. Corner Broad and Arch Streets.
Philadelphia. June 8, 1920
The Directors Rave this day declared n
quarterly dividend Of two per cent. $500
per shared on the Common Stock Of this
Company. payable July Is, 1920. to stock
holders of record at the close Of business
June 80. 1920. Checks will be mailed
I. W. MORRIS Treasuray
New-York tribune., 1920-06-26
Panhandle Producing and Refining

Question-In your judgment what are tho
stability and ultimate redemption pros
poets of Panhandle Producing and Refin-
ing Company preferred stock? ?-R. S. d.
New-York tribune., 1920-06-26
Afgentina Threatens to Cut
OM ALI Wheat Exportation

ss~ssysSsoS AYREs. June 26.-~Thc Ar.
"ns government, having procured
49, - .sHaetment Of law imposing four
s,1ss super tax on wheat exports In
sss.t 70 secure funds with which To
- xss as wheat TO manufacture bread
-, 1soucs the price TO the public, 10
GI,,. confronted with difficulty in OBJ
-, nas wheat owing TO the fact that
havs q .ns aysiIabis supply appears TO
I9sss. .Ssn I. - contracted for by England,
7 uiIsse. csAE sy@. otbsr foreign govern.
se4ntans government Is sneeo-
~ vi ste Mezs Eoverameute for the
m seeSon ~ wheat In the svsnt
81 ssass5sa IL not reaehed
New-York tribune., 1920-08-03
How Reserves Are Figured

In its current monthly report on
business conditions the Federal Re
serve Bank of New York explains the
difference between the reserve per
centaee of the Bank of England and of
the Federal Reserve Banks "The pub
lished reserve percentage of the Fed
eral Reserve system is the ratio of
gold and lawful money" says the re-
port, ITO the net demand deposits and
Federal Reserve notes in circulation
In the Bank of England deposit and
note liabilities are maintained in sep
arate departments. Notes, which are
the liability of the issue department.
are backed, pound for pound by gold,
with the exception of 91S, ,45O, 900, which
are backed by government and other
securities. Deposits, which are the
liability of the banking departm
have much more limited reserve of
gold. made up Of bullion. coin and Bank
OF England notes and silver coin.
Thus, on June 80 Bank of England
notes in circulation had a gold reserve
of about 84 per cent and deposits a
reserve of 8.5 per cent. BY combining
them the reserve was 1872 per cent
comparing with a reserve of 1856 par
cent for the Federal Reserve system +"
New-York tribune., 1920-08-03
Financial Items

1gnacio L. de la Barra. vice-presiaent
or Florian e. Co. Ltd. has gone to Meyico
city to supervise development work oS
the company, which is engaged in rehahij
itation Of industries and distribution OF
raw materials.
The National Liberty Insurance Com
pany or America has elected to its board
or directors three new members Chester
y Eraman. head of A. D. Juilliard e. 20
George McNeir, vice pre- sident of w 4 J
sloane and the Bowcry Savings Bank and
Frank Presbrey. a director of the New
York Life Insurance Company and also
ot the Bowery Savings Bank BeniatuIn
rs Avery. senior member of the firm Of
Avery Tausig, Fs< & Palmer. vice
president of the Ohio Society of New
ftrF City, an attorney. has been an
pointed counsel for the company
At the quarterly meeting OF the direct
ols of the International Nickel Company
only routine business was transacted
there being action taken on resumine
common dividends.
Texas Company announces that checks
Ior the interest on subscription payments
Tor stock arc ready for delivery upon pres
entationsof subscription certificates al the
company's office.
The Stewart Warner Speedometcr Com
pany reported sales during July increased
- per cent and that the company has
$2.oc0.o00 untitled orders on its books
Richard Ouiahan, formerly connected
with the financial advertising department
OF The New York Times" has become as
New-York tribune., 1920-08-03
Dividends
ESfrn

j. G. White Engineering Company-An
extra dividend of e per cent a share has
been declared in addition to the regular
quarterly dividends OF "a per cent on the
common and / q per cent on the pre-
ierred, all payable September | to stock
holders Of record August 1G
Regular Declarations
New-York tribune., 1920-08-03
In Wall Street
Lamont Denies Chinese Loan

No request has yet been made by
China to the American group Of bank
ers in the international consortium for
n loan of S9,00000O, according to
Thomas W. Lamont, Of J. p Morgan &
Co., who reeently returned from the
ar East, ~htre he vert to ascertain
conditions ia China and also to bring
Japan into the consortium. Peking
dispatches indicated that China had
asked for an immediate advance for
Tic purpose of disbanding troops and
reconstructing the government after
the overthrow of the pro-Japanese
Cabinet. While not aversc to
helping China out of her present
financial difficulties, bankers in the
American group said yesterday that
present conditions in the money mar
ket here make it impracticable to ar
range loan to any foreign country.
New-York tribune., 1920-08-03
Commodities Sell Higher


In contrast to the movement of
prices on the Stock Exchange, most of
the commodities sold higher yester-
day. The grain markets showed signs
of frmness after week of severe
slumps. The rise in cotton, which was
rather unexpected, was based not so
much on the failure of the government
crop condition estimate to reach the
markets expectation of rs per cent
normal as on the report from New
Orleans that consumption of the com
modify in the last year exceeded the
amount produced, and that the amount
held in the South was lower than on
July 81 last year. This bullsh end
season report caused active covering
by. those who sold short, and the re-
suit was a sharp rise. The trade did
not buy heavily, however.
New-York tribune., 1920-08-03
soeiated with the bond department Of Pot

soolated Win The bond department OF FOs-
ter Bros. & Co.
Eastman, Dillon & Co are Offering
S557,000 summit County. Ohio, county
building and bridge per cent bonds ine
maturties of the issue extend from octo-
ber l. 1921. TO October l. 1910 az prices -
Weld from $40 per cent TO SIS per cent
The bonds are lecAl investment lvr saN-
inyS banks in New Jersey. New hanip-
sAire. kMode Islanl and Nern.ont.
New-York tribune., 1920-08-03
Prospects of French Loan

In regard to reports from Paris that
1e ssoS5 an hsre in wS Ssn
with the Anglo-Frcnch loan, bankers
here identified with French financing
said that they had as yet received no
official word on the subject from the
Paris government. However, it is
known that the success of the recent
Belgian and Swiss loans in this coun-
try reawakencd the hopes of France
to get fresh accomm cdations from
American investors, and it is con-
sidered likely that an Offering will be
made in the fall if conditions in the
domestic investment market warrant
New-York tribune., 1920-08-03
State Commissions Must Act

In the enthusiasm of railroad Off
cials yesterday over the action of the
Interstate Commerce Commission in
granting the carriers practically all the
rate advances asked for the fact was
not lost sight of that the various state
commissions must approve the in
creases before they can become effec-
tive. While the general belief is that
this will follow in some cases. it was
pointed out yesterday, valuable time
may be lost in possible dilatory tactics
of some state authorities The car
riers will probably act through one
committee in petitioning the state
powers for authority to apply the same
rates as those approved for inter
state traffic. A meeting of traffic rep
resentatives is scheduled to be held
here tomorrow for the purpose of
formulating plan for presenting the
new tariffs to the state commissions.
Railroad men estimate that interstate
traffic comprises about rs per cent and
intrastate 25 per cent of all traffic.
New-York tribune., 1920-08-03
President of Argentina Bans
Sugar and Wheat Exnorfafion

buENOS AYRES, Aug 2.-The fur
1her expectation of sugar from Argcn-
tina has been forbidden by decree of
president lrigoyen. The limit of 100.-
ooo tons for the exportati-,n of which
permission was given last May has been
reached and domestic prices have ad
vanccd to excessive figures.
1t is estimated that more than $4,000
tons of the total exported was con-
tracted for by interests in the United
States. The government also has for
bldden the further expectation of
wheat, because the 100000 tons re-
Gently fixed as limit has been ex-
ported
New-York tribune., 1920-08-03
Money and Credit

Call money eased' Off yesterday to 7
per cent after renewing at per cent
The heavy liquidation Of securities was
largely responsible, as it enabled
brokers to pay off outstanding loans.
Government withdrawals from the
banks to-day are expected to approx
mate $14,0O0,0O0, making $30,OO0,O00
over the last week. Despite the easier
call money rates, time funds are still
practically impossible to get.
Yester- Year
day. ago.
On mixed collateral... s
On industrial collateral.
Time money (mixed col
lateraD:
Sixty days s@s]s $500
Ninety days ....... .SMSE 5s4 as
Four months 8MS1a 5%0G
-Four to six months..S@84 5A as
Bank Clearings Bank clearings at
New York yesterday were: Exchanges,
$77S,822 1903; balances. $S7,S55,s79.
Silver-London, 56esd; New York
domestic, 99kc; foreign, 93ssc; Mexi-
can dollars, Tic.
Sub-Treasury-U States funds
Reserve credit balances, $180,845,3S5.
Canadian Exchange-New York funds
in Montreal, S123.12 premium per
$1,000; Montreal funds in New York,
Sl09.t3 discount per $1,000.
New-York tribune., 1920-08-03
Baldwin's Polish Orders

Much of the selling that came in to
Baldwin yesterday was said to have
been based on fears concerning the
status of the company's contract with
Poland calling for the delivery of $50
locomotives to that country. In pay
company accepted s6OOO,OOO of Polish
ten-year Treasury notes. In the event
that Russia insists on it's threat of
occupying Poland as part of the sug
gested Bolshevik armistice terms fears
were entertained that payment of the
notes might be ieopardized. At the
time of the announcement of the Polish
equipment order earlier in the wear it
was stated~that the Baldwin Company
signified its willingness to guarantee
payment of the notes if they were dis
counted at banks
New-York tribune., 1920-08-03
Texas Company Changes !.

Judge r. E. Brooks, Of Houston,
Texas, is expected to resign as a di-
rector. of the Texas Company at the
annual meeting next November The
desire of Judge Brooks to retire from
active business is given as the reason
tor his intended resignation. He has
been identified with the Texas Com
pany since 1908. He is said to be
responsible for much of the company's
success in Mexico.
New-York tribune., 1920-08-03
Regarding Mexican Finance =

With the present worldwide shortage
of capital, investment bankers here
think it unlikely that TIE new gov
ernmcnt Of Mexico will be able to bor-
row any large sums in foreigH money
marts. Asked regarding G. story
given out last week 20 the cfi ect that
the government south of the Rio
Grandc had a plan OF financial re-
organization which called for loan
Of $500, 100000, bankers would merely
New-York tribune., 1920-08-03
Paris Market Steady

PARIS, Aug. 2.-Prices were barely
steady on the Bourse to-day. Three per
cent rentes, 5S francs 81 centimes. Ex-
change on London 4s francs IS CEN
times. Five per cent loan, 81 francs so
centimes. The dollar was quoted at
ID francs 31a centimes.
New-York tribune., 1920-08-03

Led by further decline in sterling
to the lowest level reached since Feb
ruary, the European exchanges dropped
once more yesterday. The banks de-
clincd TO quote Polish marks, because
OF the uncertainty of the situation in
Poland.
Yesterdays rates, compared with
those of week ago, follow:
Quoted in dollars to the poundN
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-08-25
Murphy Describes
Car Situation. Al
He Has Found 1t

Pierre, Is. p, Aut,a IS ]. Mullyyy
ply, chairman Of fhesohtK Dakota
Board Of Railroad Commissioners and
member Of the traffic division OF the
state committee for Improvement Of
business and general economic condi-
tions. has just returned from Wash
ington where he presentedsto the In
terstate Commerce ,Comnniseton the
requirements of this and neighboring
states in respect to a supply for the
movement of the present crop.
This matter is OF vital. importance
and in response to a request for infor-
nation IS to present conditions and
future prospects for transportation
service, Mr.. Murphy makes the fol-
lowing statement:
Murphy's Saatemeat.
Some weeks a9o the shippers of
South Dakota held a meeting at Wa
tertown, which was called blythe state
market commissioner for the ,consid ;
GRAFTON of transportation matters With
in this state. with particular references
to the movement OF grain and live
stock out of this territory. Later, sim.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-08-25

Mrs. Robert Green. Jr.. SIS North
Third street, who has been q guest
at the summer: home of Mr.. and Mrs.
Clarence Sheppard for several weeks.
has returned to her home. Mrs. w.
g. Sheppard and son, Calev. and Mrs.
Chas. Bateman, who were also guests
at the Sheppard cottage. have re-
turned.
Mrs. W. b. Galbraith Of Minneapo-
lis motored in from Larimore this
SsMosning,@sto jotilsa211s dG0gasefSs2sMla1i
Observation-Disclosures issthe guest
Ecf friends They expect TO re-
turn to larimore. later in the week
where MI. Galbraith is attending to
farming interests.
Miss Madeline Turner, 514 South
Fifth street, has Mad as her guest this
week Mrs. Clifford Barber and little
son. Clifford Barber, Jr., Of Elizabeth,
NJ. Mrs. Barber has spent the fore
part Of the summer with friends at
Maple Lake and expects to return
there Thursday evening for q brief
visit before going east to her home.
REPRESENTATIVES Mrs. sRarAet WIS
Mas &asss 6sth Ra gsssF I sa sssa s. Fo sHt
.F 4 =
The Past Noble Grand association
Of Maple Leaf Rebekah lodge will
hold a meeting on Thursday evening
at::97:30 O'Clock in. the home Of Mrs
Chas. Leeson,A1200 Cheyenne avenue.