davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-02-08
Peoples Gas Financing

One of the many corporations that
would like to borrow additional capi-
tai is the Peoples Gas, Light and Coke
Company, of Chicago. Samuel insult,
president OF the concern and head of a
number of other public service cor
porations in Illinois, was in New York
asst week comforting with bankers rela-
tive to the practicability Of floating
loan here. 1t is understood he was
told by the bankers that the present
is rather an unfavorable time to try
to sell securities of any kind. Peoples
Gas would like to raise between $12,-
100000 and S16,000,O00, interests in
touch with the situation say, and Chi
cago advices are to the effect that any
new financing arranged will be signed
with a New York concern. The funds
are needed to build S14,000,OO0 gas
plant on the drainage canal in Chi
cago, with capacity for manufacturing
about 8,000,000,000 cubic feet of gas a
year. The annual report of the COM
pany, issued yesterday. emphasizes the
adverse conditions under which most
public utilities are still operating
The company did better than in 1918
when a deficit of S1,366,628 was shown,
but even then returned a surplus of
only $65,208 in 1919, equivalent to 16
cents share on the common stock
When concern with the credit stand
ing of the General Electric has to pay
close to per cent for capital, one Won
ders what the Peoples Gas would have
to pay.
New-York tribune., 1920-02-08
wv 7ater-Front Properties
w Factories and Factory Site
Floyd S. Corbin, Specialist
Tel. 012l-Rector. 10 Wall St.. Now York.
Peoples Gas Earnings Equal
To Is Cents Share ON Stock

The Peoples Gas, Light and Coke
penses and charges for the year ended
December 81, 1919, of $65,2os, equiva-
lont to 16 cents share, 500 par,
earned on the $3S, 800, 900 common stock,
compared with deficit for the pre-
cedng year of $1,366,62S.
Gross earnings in 1919 amounted to
24,543.79S, an increase of S2,955, 1898
over 1918. After operating expenses
of $20,253,355, depreciation, etc, of ST.
859,085 and interest amounting to 81
366,16O had been deducted, balance for
The year was $65,208, an increase of
81 l431S36.
New-York tribune., 1920-02-08
Buckeye Pipe Line Earned
1892 a Share ON CAPITAL

For the year ended December 81,
1919, the Buckeye Pipe Line Company
reports net profits of $1,664 7S3, equiv
alent to $3.50 share, $50 par, earned
on the $l0,0Oo,00O capital stock. which
compares with $1.7lb,36l, or $S.b1 2
share in 1918. Holders of the stock
shared $1,000 900 in dividend disburse-
ments. leaving a surplus Of 64,783, an
increase of S149,422 over the 1-eced-
ing wear. Previous balance of $780,
354 was added to that amount, C
the final surplus to $9,S91,l37.
New-York tribune., 1920-02-08
Financial Items

Columbia Trust Company has bre., ap-
pointed registrar Of the capital stock y.
Francis II. Leggett & Co
Bond & Goodwin have removed tEeir
New York offices to 65 Broadway
Tho National Bank Of South Africa
nounces that branch of the bank
been opened at Wynherg. in the
Province.
F. w wooiworth sales for the N
January amounted to ss.4sl.Zo3
crease OF $i,3s3,344 over tho corr
ing month of last year.
Calumet and Arizona Copper
Company reports output for JAM
3.24oooo pounds of copper. against
900 pounds In December.
John Farr jr.. r. s. Farr and
Il Geer have fol med the firm OF
Co., with offices ut 1873 Front 81 -
transact broke, age business IN
refined sugar and deal In n'estf
curitics, specializing in sugar stock
Albert Breton ce-president
Guaranty Trust Company OF New
has been appoiA-d president Of the - -
eign Credit C<poration. succeeding GRAY
son NJ. F. Murphy, who resigned 70 .ss.Ias
the presidency OF the newly formed Fs
efn Vass Gassn.on 81 nns
a.e7s.sla pounds Of copper.
Arthur E. Downer. formerly associe4se
become affiliated With the sales orrw 8.
cation OF Chandler d Co. {
John ]. Broderick. treasurer Of tho HAD:
son Trust Company. has been e!setss "a
retiring officers were reelected.
Officials Of the Steiner on corposatteA
announced yesterday the consoiidaetc4 ~
the company's pipe lines and leading raehes
in the Ranger Field, Texas. WIKI thoae a1
the United Producers Pipe Line ConpagY.
q subsidiary OF the TranscoutinensAA OIL
Company.
Joseph A. Daubei. formerly direefog -
sales, certificate OF indebtedness dsDarfss
ment, Federal Reserve Bank Of New 3os&.
has become associated with williAua -;
Read h Co.
Subscription yights are being ofseed ~
stockholders OF the National caskst Copsss
pany. by action of the board OF trusf4eo
to absorb an issue OF 7.43s 3&-l06 GhAfeo
OF stock of the company. each steclxhoiaor
being permitted to subscribe up TO 1t per
cent OF his present holdings. The offsr ID
open to stockholders OF record on J2nuaxF
30. 1920. and closes on March 10. 1894
Tho American Wholesale Corporation re
ports salee for January Of N,9ia126. een@
pared With $2,S+2.37e for the corresponli1S -
month OF 1919, an increase OF $3.1lG 3X
a. 36.eA per cent. ss7Ss
New-York tribune., 1920-02-08
Municipal Bond Offerings

New municipal and state bond issues
foated during the month of January
aggregated $68,290,656, compared with
S81 OIL ,063 in December. Compared
with the corresponding month of 1919,
this represented an increase of ap-
proximately $45.000, 900. For the en-
tire year of 1919. according to "The
Bond Buyer" sales Of such bonds
reached total of 1851, ,601 .720, an in
crease of more than 80 per cent over
the largest previous years aggregate
borrowings by American state and mu-
nicipal governments. Municipal bonds
are currently selling at the lowest
prices reached at any time during the
war period.
New-York tribune., 1920-02-08
Money and Credit

Government Withdrawals estimated
at considerably more than S1oO .OOO.-
600 brought about an acute Situation
III the Stock Exchange call MONEY
market last week, and on two succeed
ing days, Thursday and Friday. the
renewal rate was officially fixed at II
per cent, the highest for over a
decade. At least one important lend
ing institution on one of these davs
MADE It's renewal rate at 20 ner cent.
Although it is understood that
government Withdrawals have been
completed for some time to come
bankers at the close of the week we're
OF the opinion that there was 10
prospect OF easier money for stock
market uses in the immediate future,
ms was borne out by the continued
nigh rates for time money, for which
brokers were bidding as high as 10
per cent, with little money forth
coming.
While the Liquidation in the stock
market resulted in marked contrac-
ton IN the loan account of the banks.
this apparently was used to reduce
borrowings at the Federal Reserve on
war paper collateral
Bank Ciearings-Bank clearings in
We're:
New York. ." $751;, ,84S,a41 s66o1s,94s
Philadelphia 67,7l8,572 20,99o, POS
siIver-London, s8d; New York,
Sl.321a; Mexican dollars, s102.
Sub-Ireasury-Unted States Federal
Neserve credit balance, $56, 1856, ,497.
New-York tribune., 1920-02-08
Industrial Alcohol

Directors of the United States In
dustrial Alcohol Company are sched-
uled to meet February 10 to act on the
common dividend, and it is expected the
regular quarterly disbursement of 2s
per cent will be voted. The annual re-
port of the company is not due for sew
eral months yet. Although part of the
1919 business was conducted on a basis
OF readjustment to new market condi-
tlons, the earnings are said to have
been satisfactory, despite the fact that
they fell short of the 51.67 per cent
earned on the stock in 1918 Earnings
IN 1918 were figured on total outstand-
ing capital stock of $l2,o0o,00o, which
has since been increased to $4,000, 900.
Earnings in the first six months of
1919 were at an annual rate Of 1917
per cent on the common, taking into
account the new common stock. The
stock sold as low as 80 on the break
last week compared with a high for the
year Of 1853.
New-York tribune., 1920-02-08
Steel Price Average Mounting

AS result of an advance Of $4.75
ton registered last week in the aver
age price of eight leading products,
stee! prices have been established at
the highest level since the summer of
1917. The weeks average was s75.7o
gross ton, according to the compila-
tion Of Dow, Jones e. Co., compared
with S7o.95 week ago. In the course
OF the week billets advanced from S4s
u $3.50 ton; steel bars ad-
vanced $2.75 to So a hundred pounds;
plates from So to $3.50 a hundred
pounds and beams from S2.55 to $2.7O
a hundred pounds. The United States
Steel Corporation is still following it's
policy of selling at the March l, 1919,
or Industrial Board, level, which for
tne tne elgnt products averages a price OF
S63.49 ton. The highest level the av-
erage touched during the war was
SO1.01, made in 1917. In 1914 the average
price OF the eight leading products WIS
S30.97 ton. That was before the war
demands began to be felt in the steel
market.
New-York tribune., 1920-02-08
I'm Wall Street
Position of Shipping Shares

Certain interests in Wall Street have
been selling shipping stocks because
they believe the statistical position Of
world ocean tonnage is indicative Of
smaller earnings. Moreover, as they
see it, the upheaval in the exchanges is
bound to have a serious effect on the
quantity Of goods carried between
countries. The latest figures from
Lloyd's Register show that the present
worlds tonnage is slightly greater than
IN 1914, while the tonnage of ships
under construction is more than two
and one-half times as great. This is
believed to mean eventually more COM
petition and the cutting of freight
rates-in fact, freight rates have al
ready fallen. 1t is pointed out in one
quarter that the revenue from passen-
ger nervlce will undoubtedly increase,
but only q small part of any steamship
company's earnings are derived from
this source.
New-York tribune., 1920-02-08
Exchange Better in London

LONDON, Feb. IA further recov-
cry was experienced in the foreign ex-
change markets to-day on small trans
actions. New York cable transfers
were quoted at $3.50, after yesterdays
close around $3.50. Italian exchange
moved smartly two points to 61.60.
while exchange on Paris and Brussels
also showed Improvement.
New-York tribune., 1920-02-08
Paris Stock Market

PARIS, Feb. Trading was good on
rentes, IS francs 70 centimes. Exchange
on London, .48 francs 30 centimes. Five
per cent loan, 81 francs 75 centimes.
The dollar was quoted at IL francs SO
fentimes.
New-York tribune., 1920-02-08
Nash Motor Car Earns
So5.06 a Share in 1919

The Nash Motor Car Company re-
ports for the year ended November 80,
1919, net income after taxes of $5089,-
036. Balance available for the COM
mons stock after deducting preferred
dividends amounted ssto $4,753,036
equivalent to $95.06 Share earned on
the outstanding $4,000 shares, SOM
pared with 24.47 ing the preceding
year.
New-York tribune., 1920-02-08
Union Pacific

Union Pacific common stock, figuring
as If under private management, is
now earning at the rate of about 1876
per. cent, according to an analysis
made by Eastman, Dillon e. Co., com
pared with 1913 per cent last year, and
with the 1918 government guaranty
amounting to 1919 per cent. "With
possibly one exception" the firm states.
this stock has probably more earning
power than that of any other railroad
in the United States. The average
freight rate per ton mile is extra high,
amounting to about 1925 cents, com
pared with 0.860 for all roads in the
country. This, in the main, explains
the large earnings of the company.
In addition, its operating ratio in 1918
was only 6371 per cent, as compared
with a general average OF sO.33 per
cent. This low expense ratio promises
to be permanent, since it is due to the
long haul, the satisfactory freight
rates, an adequate amount of good
equipment and an efficient manage
ment. Union Pacific has not shared to
an appreciable extent in the enormous
Increases in expenses for maintenance
and equipment that most roads have
suffered because of their inadequate
equipmetn supply. 1t has more freight
cars and locomotives now than it had
either in 1911 or the the beginning of
the war"
New-York tribune., 1920-02-08
London Money Market

LONDON, Feb. Bar gold, 1885. Sd.
Money, AZ per cent. Discount rates,
short and three months bills, 5A@
s 1915 per cent Gold premiums At
Lisbon, '1lo.00
New-York tribune., 1920-02-08
"What Do You Think of the Markea?"

A broker: "There seems to be a
slnester motive behind the vague talk
one hears in bearish speculative cir
cles. At times it looks as though hold
ers of securities are being purposely
frightened into selling 1t is estimated
that so-called Wall Street loans are
now practically down to the irreduci-
bie minimum. These loans are placed
at about Sl,000,0o0ooo, compared with
a total of s1,750, 100000 last fall, when
the bull campaign was at it's height"
New-York tribune., 1920-02-08

Mercantile Trust and Deposit Company
of Baltimore has heen appointed transfer
agent sxand registrar of the Associated
Welding Company. Inc, Sto0frs
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-07-05
BRYAN is DEFIED.

The most interesting thing abou,
1.-THE Democratic convention is not il,
fsslection Of ! candidate for president
iAnd not the ort Of declarations which
lare presented In its platform, but the
1aLct tl1at firmly and deliberatelv 1,
sdsntesA William ]. Bryan to do hi,
only once Iefore has this been done
IIn1sSs a. BRYAN won the nomina.
hon ! htnsssaf with his famou,
sscros AZ soIds speech. In 1900 and
Id1es ~ Nas 4gain the party candidate
IIas1el3 n forced the nomination 8,
~ NgIlson. and in 1915 there VIA.
a.. President Wilson beine
aGIsaafsd - matter Of course
sssAins AZ The 1915 campaign NJ
= tstired from the office
y siate ana Wa not tai.
= ii politics. IN each
esznpaigns named NJ
saallsasda powerful i~nfluene.
~ declarations 81 n.
sssxe re aid not write the
rsrs vstttsn ID /
~. him.
SisI1f sSsss.a 80 ofs 10
n zs5fS&9 f%$ESH S4fstEf
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-07-05
THANK YO11.

we wish to take this Opportunity
10 thank our many friends who have
gone to the trouble of writing within
the past few days to n 70
US on our Republican convention
service. Below are reprinted three
letters Just received which seem to re.
meet the general sentiment:
dunn: |A"' 1aiia-
"A word of appreciation and thanks
Ior n excellent convention service.
II was bang up, good, timely stun
ana we used it freely despite the ma.
per shortage. Bushnelps drawing.
you" we 'aanh
From the Illinois State Register
Springfield, ILL.,: ~
Inc special service during The na.
tlonal convention furnished bv the
central Press was excellent. and We
are hoping you will give US sometime
along the same line from Frisco"
from he Hamilton (O.) Journal.
just a word to a that your serv-
ice during the Republican conven
tlon was the best we ever had"
we nave already sent you q. prea,
deal Of material for use during the
democratic national conventinn
Ihere will be more on both pap 70,
every day until the convention Is
over. Within the next few days we
VIII send you more ~three-columr
mas or Democratic presidential nos.
slollltles and two-column mats q,
prominent men who have a 5mert
iightlng chance to win the nomina.
tion.-Central Press Association.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-07-05

By GEORGE AGNEW cHAMBERLAIr


OF smiles. AS she watched him,
Bathtub came out of character with
an almost ghostly movement. With
out turning his head or stirring more
than his arm, he picked up a pinch
Of dust. raised it high and let it slit
from between his finger and thumb.
n tiny cascade started straight
forest, away from the plain.
tubs grin actually broadened. "Moia
good, Missis." he whispered.
What's moia?" whispered hack
Andrea.
Wind" translated Bathtub. wind
good. They come right here-eat
your lunch!' he chuckled,
"Shsh!" Missed Andrea, terrified
lest he destroy his own prophecy.
Closer and closer grazed the herd,
stepping daintily from tuft to tuft OF
fodder. Their black and white faces
the sweep of their arching horns
their brown bodies that glistened in
the sun as though they had been
bobbed tails, their incredibly siao
legs. combined all the attributes Of
fascinatfon.-beauty, vigor. strength,
motion,-and filled the eyes Of the
watchers to OVERLOOKING.
AnureaS MIND flew pack to a con-
~versation that already seemed of
long ago. What was At the white
man had said? Never something,
Never. again can a city smother you,
for it will be in your power to- sit
spellbound, your eyes fixed ten thou
sand miles away!' She could believe
it in the lace Of this new memoir
that was no memory. for even now i,
was of the future; in her heart. Il
shared eternity.
Her parted lips formed silent
words. Big as bullocks." she sad
telopes!"
In the a Of the herd stepped a
mighty bull, his tiny hoofs iiftine
high as though he boosted that his
weight was really nothing. Straight
toward the forest and Andrea he led
his little army until presently She
oul smell the stable odor of their
bodies. Her heart was beating like
q trip hammer. She tried to hold
her breath. Her bosom rose and fell
in a fluttering u%ndulation. The bull
looked up and saw her. His horn,
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-07-05
IfMRELY SECOND CHOICE VOTING

The method of electing county Of
kEicials,- judges and educational officers
I'm this state is merely another form
fbf second choice voting, rendered
sss5xnore costly and cumbersome to both
asthe candidates and the public by be-
ing carried through two elections in
sffstead Of one.
Al There are three candidates for a
single ofice. All present themselves
at the primary. The low man is
counted out, and the other two fight
put In a later campaign. This means
that those who have favored the lest
popular candidate are given an op-
p%ortunity to vote their second choice
at a subsequent election, the presump-
-tion being hat the leaders will hold
their respective votes. If the voter
fWerea given an. opportunity to desig-
mate his second choice when he votes
FOR his favorite candidate the whole
Ifhing could be settled at one opera
1tlon, thu community would be spared
1.-THE annoyance and expense of another
telection, and the candidates would not
he compelled to go through two cam
3Iaigns instead Of one.
There are several forms of second
Hcholce voting. In one form the first
uchoice votes are counted, and. il no
candidate has a majority, all the Sec
ond choice votes are counted, all the
candidates remaining in the field
meanwhile. We experimental with
this plan fn-this state, and found it
unsatisfactory. One trouble with il
is that the voter, in voting a second
choice, may be impairing the chances
OF his favorite. Therefore,, quite
naturally, many persons declined to
indicate a second choice.
a much better plan, and one which
seems free from any objections, is
that Of eliminating the lowest candi-
date and then distributing the Sec
ond choice votes cast by his
ers- In this way the second choice
OF q voter is not considered SO long
las his major candidate has a chance
OF When the candidate is
4 removed the other votes are applied
The effect Of this is exactly that which
us reached under our double election
4 system, except that it closes up the
sWholeAiiling at n operation.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-07-05
MoNDAY EVENING. JULY S.
STATE AND PARTY.

Whatever may be the situation IN
lAthAr states, the time has long since
4 BASED when party considerations ex'
&rctsedS a. controlling influence in the
sbolitical affairs Of North Dakota
Had It not been for the determined
opposition of the Socialist element in
ontrol. the fiction of party politics
i would before this have been re-
i novedSfrom Jul state affairs, and We
u ~hould@$now be electing u state Off
T. tais, In form, as well as in fact, on
Aheir own personal character and on
Account OF the things they represent
I'm connection with the subjects with
fkhich they are t o be brought into Of
4ciAl contact. The only purpose that
- served by the maintenance OF the
sbarty system in state affairs today is
CHAT Of dividing into rival groups one
Hstands for certain things in govern
SSnent, while the opposing element is
ss#hnited under a single leadership.
H We have long since freed our cities
Efff the complication of party control.
Y have placed the election of our
county officials on a n~on-partisan
basis. But we stin retain laws which
compel the listing of candidates on
The ballot as members of or other
sff the great political parties. and
forcing into a form Of rivalry voters
fEvhoee attitude on state questions is
identical.
III The Socialist bosses were wise in
skheir generation when they refused
IEhe application of the non-partisan
Election law to the selection Of state
Iipfacials. They saw that their hope of
p continuation Of power law in keep
Isng the forces opposed to them divid.
lAd. Therefore they repudicated the doc
Iarfne for which at an earlier date they
|As1ad declared themselves, and reject
I'D hatly that part of the farmers
program" which called for non-parti-
San election of state officials.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-07-05
THE REFERENDUM VOTE,

|
Reports on the voting on the initia.
ted and referred bills are too fraz.
mentary at this time to make possible
anything more than a rough estimate
of the result, and any estimate now
made may easily be contradicted by
additional returns. However, the
vote thus far reported makes o
sible some interesting comparisons.
The Herald has received nearly
complete returns on the vote on these
bills in Grand Forks, Pembina, Ram
sey and Stutsman counties. Through
out the list the voting on the three
referred measures. the absent voters,
investigation commission and state
sheriff bills, was fairly uniform, all
receiving approximately the same
number of affirmative and negative
votes. The. single initiated measure,
the anti-red flag bill, is in a class by
itself. The affirmative votes on this
and much more numerous
than the negative votes on the refer
red bills, and the negative votes on
II less numerous than the affirmative
votes on the others. The vote on the
absent voters bill has been aiken as
representative Of hat on the three
referred bills. On this basis we have
the following figures, for the two
hundred and odd precincts in the four
counties reporting:
Vote for LANCER, 1890; Frazier. S..
7se. Majority for LANCER, 1880.
Anti-red flag bill, yes, 10,os3; no g.
ia. Affirmative majority, $3.50.
Thus the anti-red flag bill received
roughly Is per cent more votes +han
were cast for LANCER, and the mega
tive votes on it were IS per cent less
than he Frazier vote.
The absent voters bill was nepa-
tive by . per cent more persons than
voted for LANCER, and supported bv ~
per cent less than voted for Frazier
It happens that these four ~coun.,..
all gave rnaJortties for LANCER. M
this does not affect the proportions.
An examination Of the vote in the
separate precincts Of Grand Forks
count that, in the strong Fra.
z':' ir'eincts as wei, as in the OH ..s
to put it briefly. the independent vote
on the laws ran away ahead of the
ticket.
II anything like the above percen-
eaee are maintained throughout the
state, the anti-red flag hill has hee,
and the three referred meas
ures have been rejected by very sub
stantial majorities.