davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-12-18

-
She viii be truly glad, this gift.
Was hers to give the world, for
love of him.
-Ursulon P. Wallace.
There is but little activity in the
local wholesale food markets and pro-
vision houses on Commercial street.
says the Portland Express. The street
merchants. however, always have GER
tain demands made upon them because
of their merchandise being in con-
slant demand. Orders are frequent
but the volume is less due to the un-
steady market quotations. Orders are
being received daily but the majority
such supplies as are needed for i'm
mediate demands. After the first of
the New Year a better volume of bust
mes is anticipated. as not Jew of
the retail stores who receive their
supplies through the jobber reduced
their stocks to a low level prior to
stock taking.
We do not know whether it is be-
cause it pays to advertise or because
the robbers conscience troubled him.
but nevertheless, the one who stole
the money from T. j. Pierce, returned
it to him last Sunday in the night,
at his residence. On Monday MORN
, ing, when Mrs. Pierce started to go
into the woodshed, she found paper
| bag on the doorstep. She called to
Mr.. Pierce, and much to their sur
: prise, on examining the contents,
| they found over $1,000 of the $1,000
| which had been stolen from Mr.
Pierce a week previous. Although
! the robber did not return all the
| money taken, we think Mr.. Pierce
/ lucky to get back the amount he did.
Evidently an amateur performed the
! job and did not know what to do with
| the money-Mars Hill News.
| The town of Phippsburg has been
quite proud of it's road from Winnie
gance bridge to Small Point and has
laid out considerable money, to make
it one Of the best country highways
in this section, says the Bath Times.
Within a few days two trucks heay-
lily laden with furniture have gone
| over the road and cut it up SO badly
| that it will cost hundreds of dollars
! to repair the damage. Tough luck
for Phippsburg and added expense
for its taxpayers.
| A big shipment Of toys made by
boys and girls Of the Portland city
schools was forwarded Thursday to
the Maine Seacoast Mission at Bar
Harbor for distribution among chill
dren who are confined more or less
closely in. lightkeepers' dwellings in
isolated portions of the coast and in
the homes of fishermen apart from
the settled communities. Miss Har-
riet S. Sweetser directed the project.
NJ. c. Gordon of Montville Center IL
willing to acknowledge that he some
times has good luck. In early Octo
Der he made purchase of travelling
merchant. in the road front of his
house. and paid with $40 note. re-
ceiving three S notes and some small
change. When he got in the house hi
| found but two Of the s. notes. TIL.
leaves Of the maple trees in the yart
were falling and he searched among
them patiently but failed to discover
the missing money; snow came, but
| was melted by the rain of Dec. s. TIL,
next day he went to call on his near
est neighbor and found the note, al
though he was not looking for it.
| 0NETnG710s@sRG79F
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-12-18

CANTON AUGUSTA, NO. Q, p. N.
Regular meeting every third Tuesday
nation and election of officers. p. NJ.
degree. inspection Of Canton. refresh
w. F. CURR1ER. Capt.
A. NJ. DRUMMOND, Clerk.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-12-18

Essie d. K0pp,
Il. Il. 2, Littles, Ind,
This increase Of z dozen
q day In the middle OF
winter, at Coo q dozen,
makes 1925 extra income
per month. Don Sung
Tor her 200 hens cost
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-12-18
JEPhTHA ENcAMPMENT, NO. 8.

Meetings at 7.30 p. M. every second
and fourth Tuesday. Tuesday. Dec. 20,
Nomination and election of officers.
c. B. GRIMES, c. p.
C. S. PEASLEE, Scribe.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-12-18

Splendid cooperation all around.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-12-18
Augusta Lodge Directory

AUGUSTA LODGE, NO. 141, r. q a.
NJ. Special communication Tuesday.
Dec. 81, 7.3O p. NJ. Work In &C. de-
gree. All sojourning brethren cor
daily invited.
RALPH W. FARRIS, Sec.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-12-18

Odd Fellows Hall
ASYLUM LODGE, NO. 70, !. o. O. z.
Regular meeting Friday evening. at
730. Dec. II, Third degree. Nomina-
ton of officers. Refreshments.
FRED NJ. SPEARIN, N. g.
EDWIN F. WESTON, Sec'y.
New-York tribune., 1920-06-29
Another Day of
Waiting in Wall
Street Market
Dullest Session at Exchange
Since September, 1913;
Chemical Shares Weak;
Money Closes Lower at Z

1t was another drifting affair at the |
Stock Exchange yesterday with specu-
lative interest at low ebb and stocks
f1uctuating narrowly without developing
a pronounced trend in any dlrectlon.
The majority of stocks closed with net
losses but the movement lacked I'M
pres essiveness by reason Of the prevailing
condition of inertia. Not since Sep
tember, 1918, in the period OF specu-
quiescence just preceding the final
drive to victory Of the allied armies has
the market experienced as dull session
as yesterdays. Transactions amounted
to only 250,600 shares, practically all
of the business originated on the fioor
of the Exchange, representing little
more than the swapping Of stocks by
the professionals.
! Wall Street appeared to be more IN
terested in the state Of the money mar
ket than the in the proceeding at San
Francisco where the Democratic
national convention began the work of
selecting presidential candidate.
Traders were disposed to make bear
argument out of the less favorable
showing made by the Federal Reserve
Bank Of New York whose ratio of re-
serves to deposit and note liabilities
dropped sharply. The selling of stocks
occasioned by this did not reach large
proportions, however, and at no time
was the pressure of offerings heavy.
AS a matter of fact while the condition
of the local reserve bank at the end of
the week was disappointing, the show
ing made by the reserve system as a
whole was not so unfavorable although
the reserve ratio declined from 44.5
gold by the New York bank to other
reserve banks explained in large meas
ure the less favorable position disclosed
at this center. In other words the
gains recorded some Of the other re-
serve institutions were made at the
expense Of the local bank.
The better position Of the clearing
house banks which built up last week
their impaired reserves reflected in
the call money market where there
were signs of relaxation. Call loans
renewed at the high rate of per cent,
but in the afternoon the rate dropped
to per cent Last week the call rates
touched II per cent several times and
once rose to ii per cent.
The three leading features in the
stsgnating stock market were oil
shares, Texas Pacific Coaland oil, Island
Oil and Transport, and Phillips Pet
roleum. Texas Pacific advanced sharp
ly while Phillips Petroleum continued
the upward movement begun several
days ago. Island Oil and Transport
one of the recent additions to the
trading list, assumed the position OF
market leadership in point of activity
With dealings Of $4,000 shares it dis
placed steel common in which slightly
more than 10000 shares changed hands
Chemical shares displayed weakness.
as the result of selling by traders wht
have been disappointed by delay in thu
projected merger of General Chemical
| Barrett Company and National Aniline
New-York tribune., 1920-06-29
Bankers Discuss
Floating New Loan
For Switzerland
Offering Is Expected Soon;
Syndicate Likely To Be
Headed by Lee, Higgin-
son & Co.

Investment bankers yesterday con-
ferred in the Offices of Lee, Higginson
& Co. on the prospects Of floating
new external loan for the REPUBLIC of
Switzerland. Although it is not ex-
pected that the pending negotiations
will be concluded in time to make a
public offering this week, bankers yes
would be foated.
The nucleus of the Swiss group in
this country consists of Lee, Higgin-
son &, Co. and the Guaranty Trust Com
pany, but the syndicate which will han
die the proposed new loan will be broad
ened and may include the National City
Company, the Chase Securities Com
pany and N. ". Halscy & Co.
The suggested new financing would
be designed to raise funds for Swiss
railway development, which was held
back during the war years. Swiss rep
resentatives have been making it known
to bankers for several months that they
would want capital for this purpose.
Bankers who attended the conference e
yesterday indicated that the details Of
the loan had not yet been arranged al
lEOubU ~ WAS SuSHSotcO Indt tilS oWioo
government will take practically as
much as the bankers think it possible
to borrow under existing conditions in
the American vestment market, where
the demand for new securities is not
especially insistent. The last foreign
financing was the Belgian loan of $780,
900 900, which was handled by j. P. Nor
gan & Co. and the Guaranty Trust Com
pany, and the bonds were offered on 8
7.85 per cent and better basis, depend
ing on drawings each year.
On August l, 1919, the government
of Switzerland borrowed S30.000,00t
through the sale of obligations in this
market. The bonds bore 51a per CEN
interest on the coupon, and we're Of
fered at 96l4 to yield more than pei
cent Since then there has been YER
tical rise of interest rates. and al
fixed maturity obligations have declined
sharply in value. Although banker.
agree that Switzerland would have t.
ray much higher for money now thai
it did eleven months ago, they feel tina
it can get slightly more favorable term
than Belgium.
New-York tribune., 1920-06-29
Financial Items

u 4. Richardson, for three s,,I sas
nember OF the staff Of the hna gT~hns,.
business bureau of the Nc~ l"'s yers
has taken position with thr -. W,
Sock Exchange firm OF rhoms0"
kinnon. .ta,
Robert +. Marshall & Co, nc', JRrcs4-
the New York Stock EAchanse; :, afford
way, are offering $30o.ooe : ;. ,w-nss-
Inc. first refunding mortgase Ind 10
year per cent gold bonds al pS'
terest Yielding per cent =. 4
Harris, Forbes 4 Co. and Es,s S,ettlhf
Co. both OF New York. aud ~ .r lssas
Il Co. of Richmond. are oner'hs psf
OF 5000. 600 City of Richmond a. pflcss
cent certificates of Indebtedness PEI
TO Weld from 80. per cent 10 General
cent. This issue is a direct ann n..,rh. has
obligation of the entire city. w" rspa'
o !. ciaiiy been estimated To hSNo
lation of 10000 .,,nted
Harry d. Hall was YESTERDAY ,',ppI sppI Cly
an assistant cashier OF the Nat""'
Bank OF New York. cant.
the italian Discount and isu,' ,, es,gs
rsnv Yesterday announced tn" q, erA'
raulp, nsstion woutd be paso w w, of IN
pinyecs bsscd upon 10 per crns crnns,vs tfotl
salaries received during tho =
January to Juno so.
New-York tribune., 1920-06-29
Neglected Public Utilities

The National City Company, in a
memorandum on the public utility sit
uation, asserts that the investor has
thought too much about street railway
troubles and "has failed to realize the
strong position Of electric power. light.
telephone. and certain of the gas and
traction properties" 1t adds that 'if
certain traction and gas companies are
eliminated from public utilities the in
vestment position Of such securities,
as a class, becomes most attractive y
and points out Corporations furnish
ing power and light are enjoying un-
equaled prosperity. There has been
an enormous increase in motor driven
machinery in the last few years. Large
central stations have demonstrated
their ability to produce and distribute
power at such an economical unit cost
that their position is permanently as
sured. The power and light businesses
have not approached the limits of
their growth. The transportation
business, through readjustments that
must surely come, will also offer many
attractive issues"
New-York tribune., 1920-06-29
Extra Holiday Prospects

governor of the Stock Exchange
said yesterday that it was about an
even bet whether the exchange would
be closed next Saturday. Although
nearly 500 names have been attached
to the petition cf the membrs favor
ing triple holiday over the Fourth,
it was said the governing committee
would not make known its decision
until toward the end Of the week, when
the results of the Democratic conven-
ton are expected to be known. Should
the nominee still be in doubt by Fri
day night it is said the chances are
the exchange will be open on Satur-
ln.r
New-York tribune., 1920-06-29
In Wall Street
Traders Vacationing

Probably one of the main reasons for
the current stock market dulness lies
in the fact that a large number Of
floor tradrs are now taking vacation.
With an almost entire absence of pub
lie interest in the movement of prices
it is not surprising then that trans
actions are running at such low rate.
The few traders who have the temer-
ity to speculate acmit that they are
only too willing to scalp an eighth OF
a quarter profit in any stock which
may appear to be taking on a SEM
blance Of activity. But in the ma
jority of cases they say that eighth
or quarter is more often taken as a
loss
New-York tribune., 1920-06-29
Predicts Rise in Utility Bonds

Every branch of the public utility
industry undoubtedly requires new
capital and will have to pay higher
rates than ever before in recent years
to obtain funds. AS the National
City Company points out. before the
war public utilities securities of merit
were offered to yield between and
5la per cent The same class of Sc
curities can now be bought to yield
between and per cent, and in many
instances additional values have been
added The City Company ventures
the prediction that 'it is only mat
ter of time when the yields will again
approach lower levels"
New-York tribune., 1920-06-29
Chicago Imports Grow

CHICAGO, June 2S.-Customs collec-
tons on imports for June thus far are
1890, 900, nearly 100 per cent larger than
in June, 1919, officials reported day.
Four million pounds of sugar arrived
here from Canada this month, the re-
port shows. 1t was purchased in Cuba
by English merchants. sold to Canadian
consignees and resold in this country
New-York tribune., 1920-06-29
Dividends
Insurance Companies May
Underwrite Merchant Marine

WASHINGTON, June 2S.-Formation
Of an association of American insur-
ance companies to underwrite the new
American merchant marine was dis
closed to-day at a conference of Of
fcias Of the Shipping Board and
representatives of several prominent
insurance companies.
The proposed association would have
the support of the board in it's effort
to make insurance Of American tonnage
and cargoes independent of foreign
underwriters.
New-York tribune., 1920-06-29
Transportation and Bank Loans

The effect of the transportation
deadlock on the credit tightness has
been oft explained in recent weeks,
and, though the interrelation between
the two is unquestionably close, bank
ers are now beginning to wonder
whether observers are not OVERRIDING
the story One tinancier whose posi-
ton enables him to see the situation
enough cars sprang into being to de.
liver Immediately all of the congested
freight there would not be an imme-
diate liquidation of bank loans against
the goods now in transit. He pointed d
out that the outstanding loans would
have to be shifted from the seller to
the buyer when the goods were de-
livered. Better transportation service
would bring the loans one step nearer
liquidation. but would not cause liqui-
dation itself forthwith.
New-York tribune., 1920-06-29

est in the mineral rights OF 'ss .ss
of 81 acres in .ne Homer heiu' .hsr &
also an option 10 purchase the . or. ~
half. This lease. II is announced y. !.
the company, appears TO De ~ .,b;ch
hear: &. 1nc shu low pool from VA, .os
most of the Homer production L
being derived
New-York tribune., 1920-06-29
Paris Market Irregular

PAKIS, june q. Prices were irreg-
ular on the Boursc to-day Three per
cent rentcs, 81 francs 90 centimes. FIX
change on London, As francs cen
times. Five per cent loan, 88 francs
30 centimes. The dollar was quoted at
" francs 1ON ccntimcG.
New-York tribune., 1920-06-29
London Money Market

LONDON, June 2s. Bar silver, 53d
per ounce. Money. bM rer cent. Dis
count rates: short bills, 6M per cent;
three month bills, 9 ll-1G per cent.
l;oid premium at Lisbon. 40.
New-York tribune., 1920-06-29
Burlington Equipment Financing

With the exception Of the proposed
new Swiss loan, the Street is fairly
free from gossip about new financing,
as it is realized that lull in the mar
kct has been due. However, there is
a feeling that the Burlington road
will soon do some equipment financing.
and some time in the near future
the Great Northern will have to make
PREPARATIONS to meet a maturity of
500 ,OOO.O of notes in September.
New-York tribune., 1920-06-29
The Dollar i'm Foreign Exchange

The European exchanges, led by a
drop of almost two cents to the pound
in sterling, yesterday reacted after
their steady rise of last week, and the
premium of the dollar, which has been
decreased sharply since the beginning
of spring, went up.
Yesterdays closing rates, compared
with those of week ago, follow:
(Quoted dollars To the mound
New-York tribune., 1920-06-29
st. Louis-San Francisco

Several leading officials of the St.
Louis-San Francisco Railway have
recently made an examination Of the
company's property from which the
following has been summarized:
Physical condition very fair. with
large sums being spent in the renewal
Of rails and ties, as we'll as in the up
keep of the property; large additions
are being made &c shops and round
house facilities. which will result in
reducing to minimum the number OF
engines and cars out of service and
needing repair; the company is hand
ling the heaviest traffic in It's his
tory, and its present earnings are only
limited by its ability to handle the
business offered; the zinc and lead
mines in Missouri and Oklahoma are
producing a very large tonnage: the
oil industry in Kansas. Oklahoma and
Texas is continually expanding result
ing in q large and continued increase
in the movement of oil over the
Frisco's lines; tncre are two new coal
fields along the ,oad which promise
additional tonnage; within the past
ten months 10 additional new heavy
locomotives and $500 new freight cars
have been added to equipment; gross
earnings have increased about Is pei
cent over last year.
New-York tribune., 1920-06-29
Money and Credit

With the preparations for meeting
the July / dividend and interest dis
bursements estimated at s300,O00,0 900,
nearing completion there was an easier
tone to the Wall Street call money
market yesterday and the rate, after
renewing at per scent, dropped later
in the day to 7 per cent. The begin
ming of the week found no change in
time money conditions, however, but
borrowers continued to bid per cent
for mixed money and 8la per cent for
all industrial accommodations
Yester- Year
day ago.
On mixed collateral. 9 6
On industrial GOLIATH 9 6h
Time money (mixed col
lateraD.
Ninety days. 8@8A 5AM6
Four months. ....... 8M8h So as
Four to six months .80S1s 5A @6
Bank Clearanccs-Bank clearings at
New York yesterday were: Exchanges,
s817,269,o25; balances, s79,OS7 ,739.
SILVER-London, 53d.; New York,
domestic. 99kc.; foreign, 93s.; Mexi-
can dollars, 70Ac.
b-Treasury-United States funds:
Reserve credit balances, S76,997,622.
Canadian ExchaMge-New York funds
in Montreal, s138.12; premium per
$1,000; Montreal funds in New York
$121.36 discount per $1,000.
New-York tribune., 1920-06-29
Newcomers Most Active

Texas Pacific Coal & Oil and Island
Oil 7s Transport, newcomers to the
exchange, were more actively traded
in yesterday than any other two is
sues Speculation in both stocks was
encouraged by announcements of new
oil discoveries. Two new wells brought
in by the Texas Pacific were reported
to be bringing IN better than 2,70O
barrels day, while it was stated that
the Island Oil & Transport had struck
a gusher in the Tampico district rated
at 100000 barrels daily.
New-York tribune., 1920-06-29
Lean Commissions

The majority of commission house
brokers would soon be seeking other
occupations if business should be
continued for long at the rate of yes
terday's turnover. Sales were slight
ly in excess of 250O00 shares, the
smallest total since September, 1918.
One large wire house which usually
does an active business reported
shortly before o'clock that its orders
had been under a thousand shares. All
this of course means lean commits
sions for the brokers, but it can hard
ly be said that they are suffering from
poverty as yet because Of the great
prosperity of last year, when the
Street passed through one of the
greatest bull markets in its history
and the brokers piled up huge profits.
New-York tribune., 1920-06-29
Bid and Asked

Bid. Asked.
lKCFS&M pr. so
X City So pr AZ 40
Kelly Spr pr. SO S45a
do S pc pr. "a 9J
Kelsey Wheel. 81 70
do pr 49,. 81 SO
keok & d NJ. ga j
do - ,.... 90 80
Kresgo S s ..l35 1855
Krcss & Co. 50 liv
DO pr LOO
Laclede Gas. Sc 40
Lake f & w. . IL
Ligg & NJ r. .l45 l55
L-W B LIST pr 96A l03
J do 2d pr. .l03A 1oJ
Lor!llard pr. - 100
Mackay Cos. =. 81 s.
do pr ..... 60 COZ
Maliinson -. 20la -
do pr .... 70
Manatl Su pr.ll6h 1.5
Manhat Beach u ~
Manhat Shirt. c4h 26
Mar Rockwell. 5Si'
Max VI list pr $685. 43
May De st pr 95 9Sl
/ Mex pet pr. 9Sia 95
Mich Central. 75 IS
NJ L. s L new. l2N l5
MSP& s 8 NJ Sc 70
do lsd lines. so "a
Mont Power. so 6o
do pr ... 96N IS
Morris & Es. % IS
Mullins BY pr %
Nash d Chat. 100 Ito
Nat Biscuit. l07is Ilo
do pr .....l05 luG
Nat u l. s. 60i4 j2
30 pr 49,. 93 100
Nat Con d. Z. 81 .
Nat I'm Il st. GS 60
Nat Lead pr. l02 l03
NKIt NJ lst pr SA IA
y o r L. NJ 81 81
i y Y C L. s l. u -
dO LIST pr. 80 8S
do III pr. 40 aJ
. \ Y Dock pr ~ 81
X Y . & w. loia IL
Norfolk So o.. 10 24'
Norf & ~ pr. 81 66
North Am -. 81 80
Ohio Fuel o.. so 50
Otis E1ev pr. 81
Otis Steel pr. l0l
Ovens Bot N 46 10
q do pr 49,. 10f
Pacific Coast. % 40
do ID pr. 80. A. go
Pacific Mail. so g.
Pac Tel a. I. a. As
Parish * Bling 33i7 33'
Penn J Z pr. 50 a3
Peoria & T.. 8 II
Pcrc Mar pr. ~
do prior pr. 81 6l
2 G G a. s l. - 70
Petit Null. E, so 40
do 1st pr. -
Phil Jones e.. 80 u
>, 10 pr .... "a s.
u Pitts Coal pr. S5H S6
p T. w & CHE 10
Pitts Steel pr. SIS 81
p & W Va pr 70 rs
Pond Cr Coal. l7A Is
= S C n j.. so So
Ry St Spr pr o8 yo
>. Rand Mines -. 2S 20
- Reading lst pr AIS 43
lniS X Co. IS II
do ISL pr. I. "
item ~ pr. %
do I'd pr. So %
Il / 4 s pr, o. -
y Savage Arms. AZ 10
S l. & S f pr 80 50
Ssab A 7. So. : /
- do pr ... l2ila X
Sears iooc a0OA 20,
do pr 100 ll2
Shat K .Artz. S:s
Y SIS $ 4 I pr 81 50
=, 5 + II Sugar.2.0 500
II do pr .....l04 los
Standard MILES l3t
do pr go. 7s 81
. Studcbakcr pr. 93la o.
Stern bros pr "a l0C
Sup Steel pr. 9S
T & l. ID tr.26o -
~ Third Nv RK. llh l.
Tidcwaer Oh. 200 2at
'roh Prod pr. SO 9t
~ ISL & w ctfs l J.
do pr ctfs.. II u
~ Trans 4 w 8. 80 3
~ Y G. RfT pr. s.
, Underwood T.l72 is
DO pT .....l07 III
Tn Cigar ST. $50 II
do pr 100 TO-
United Drug. ITO
, do od pr 90 -
Tn Ry In pr. 20% =.
~ VSCIP n f pr 43la &
L s I Al pr. "a q
. tSS T. 1, pr. i2h 4
s7s Utah Sec Corp Sis
~ Va I G & INA II
3H Wabash nr y IA /
3 Wells Fargo. 80 3
) Wes Md ID pr Is I
~ Wilson Co -. =
7 do pr ..... 3
6 VIII Il 7. + pr II |
W WHY'S O pr. 81 s
3 Wis ccntrai. 2s :.
= Woolworth ..ro5E 10
\ do pr l0+M 10
y Wor ? & NJ. 6s G
2jA do pr A.. so Q
q do pr b. ,.. G6 4
New-York tribune., 1920-06-29
Caddo Oil

The result of Il recent decision In
the United States District Court of
northern Louisiana gives to the Caddo
Central Oil g. Refining Corporation,
subject to the outcome of a possible
appeal. an undivided one-half inter