davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1920-12-13
Back 10 Normal.

This is what has happened, not only
in New York and Chicago but in Lon
don. Paris and other great centres or
mercantile activity. The merchants We're
not altogether to blame for Il, as they
had TO pay the prices that manufacturers
asked, but the burden finally became in
tolerable and the consuming public re-
belled. The readjustment in this coun-
try is being admirably handled and mer-
chandise prices are being reestabltshed
on a level on which the public viii be
willing 70 buy again in quantity. This
is what is taking place to-day, even in
quarters where the deadlock has been
most serious, because the consumptive
demand Of the American people in re-
con struction period Is very great. Every
deflation era causes unsettlement. There
are apt to be numerous failures, and with
out the Reserve system facilities the dis
turbance in this instance would have
been very serious. AS it Is the country
Is emerging from the ordeal financially
stronger than when II entered il several
months ago with 107 100000 energetic
Americans thinking in terms of war time
finance. The Reserve system is all that
saved us from financial disaster. and If
Congress resuscitates the War Finance
Corporation the machinery will be avail
able for creating dollar credits with
which to establish our foreign trade on
q prosperous ba sis again.
The New York herald., 1920-12-13
solid Ground.

This nation IS establishing its busi-
ness on a solid basis. ia introducing
important economies and IS eliminating
gradually the evils OF wartime infla-
ton. Much must be done before normal
conditions can be restored, but there
Is not the slightest doubt that what is
necessary will be done, because the
people are determined 20 rid themselves
OF the evils developed during the period
or excessive strain. The people have
still a large reserve buying power rep
resented by immense holdings OF Lib
ertys and other easily marketable So
curitios. But II IS a reserve power
which will be utilized only for emer-
gency needs and not for extravagant
expenditures Of the type which figured
50 prominently In the holiday buying
of year ago. individual efficiency Is
Increasing and labor conditions are I'm
proving In the sense that the sensible
worker IS willing to give about q per
cent. moro service than he did n year
ago for the same wage The railroads
are making a fine showing under pri-
vate control. and within a few months
have increased efficiency In "A manner
which has given them facilities equiva-
lent TO 10000 additional freight cars.
The New York herald., 1920-12-13
FINANCIAL NEWS
And COMMENT
More Drastic Price Cuts Pre-
pare Way for Stronger IN
veStment Markets.
HOLIDAY BUYING NARROW
Striking Benefits Likely TO De-
velOp From Private and
Public Economics.
BY WILLIAM JusTus BoIEs.

The American people are readjusting
their affairs TO conform with the heavily
rapidly recovering from price delusions
Of war days. Wholesale prices are 50
per cent less than the high leyel OF last
February. having retracted Within nine
months half the distance covered since
the rise began six years ago The de-
cline in some respects has been more
rapid in this country than in Great Brit
ain. the reaction there in commodity
prices UP to December 1 being only 20
per cent. from the high level touched in
March. Every country Is reestablishing
its industry on a lower price basis. In
that manner the worldwide strain is
being relieved and slowly but surely
the world is getting back again 20 nor
NAL price basis.
The New York herald., 1920-12-13
General Caution.

The country is not specializing. II
is investing quietly from day to day.
and the probability IL that a larger
number Of individual investors are In
the market for securities than the aver
ago Judge OF investment conditions
realizes The bond market is full OF
attractive bargains. but TO many In
vestora nothing looks better than a
Third Liberty available on 620 in
vestnent basis The opportunity TO
purchase one OF Uncle SANS bonds at
a price 10 yield suoh a generous income
return for eight years TO come Is the
outstanding inducement In tho Invest
inent situation to-day Much may hap
pen within eight years to change con-
ditions. and If the situation shall inn
prove at all Il Is obvious that that
great loan will sell much higher. The
Government must be borrower for
considerable timo as r " still costing
The New York herald., 1920-12-13
Eliminating weakness.

This Is extremely important, MS the
United States must increase It's foreign
trade TO keep It's highly efficient produc-
tive machinery fully employed, and is
why farmers are petitioning Congress to
revive the War Finance Corporation and
pass relief measures for their special
benefit Whatever Is done in that direc-
ton. the one thing certain Is that the peo-
pie will not tolerate any weakening of
the Reserve system at u time when the
whole world Is in turmoil and American
bankers are confronted with extraordi-
nary problems connected with restoration
of Europes crippled industries. Those
needs must be financed forthwith. be-
cause although they may not be our d.
rect concern they como pretty close to
home at a time when American pro-
ducers and manufacturers are seeking TO
extend their connections in foreign coun-
tries. The great foreign trading COM
panies. acting under the provisions OF
the Edge law, will take the field next
month, and there are Indications that
private banking interests will support
other projects calculated TO strengthen
American connections with markets
which before the war had been virtually
closed 20 them.
The New York herald., 1920-12-13
STOCK EXCHANGE SALES.

New York Stock Exchange ssirs week
ended December #. 1920:
=srOCtrg
The New York herald., 1920-12-13

ls.e 1918. 1918.
zoe O41 ,0743s 199 269,79S l3659S.S9S
The New York herald., 1920-12-13
,nExppoTH BRos. OFFERING.

Lawrence Chamberlain & Co, Inc,
have purchased an issue of 100000 OK
Nrst mortgage fifteen year s per cent
sinking fund gold bonds OF Abendroth
Rrothers. who have been manufacturing
va nres and allied lines in Port Chester,
n. Y. since 1S4O. The issue is secured
bv a closed first mortgage and eonsu-
tutes the company's only funded deot'
a public offering viii shortly be made.
The New York herald., 1920-12-13

WEAN ENDED DECEMBER II, 1920
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-18
u. S. Bond Deals
In Open Market
To Stop July l
Secretary Houston Announc.
es New Treasury Policy
and Predicts That Bene.
fetal Effect Will Result
Upward Trend Expected
Future Purchases Are To Be
Made Only Through OPP
~-ation of Sinking Fund

WASHINGTON. April IT, Govern
ment purchase of Liberty bonds in the
open market, except through operation
OF the sinking fund, will stPp July l.,
Secretary Houston announced to night.
A beneficial effect" on the bond mar.
ket was expected to result, ne said.
Other officials said the market in gov
erninert securities had already begun
to right itself, and that bond quota
tions hereafter might be expected to
trend upward.
Mr.. Houston explained that in con.
tinung the purchase of bonds under
the per cent bond purchase fund the
government was increasing its floating
debt while decreasing its funded debt
He said that current requirements of
the government were such that if the
purchase of bonds were to continue
the Treasury would have to issue more
certificates of Indebtedness with which
to buy them.
The per cent bond purchasing ar
rangement was planned by Congress
to expire automatically one year after
the termination Of war, but the Secre-
tary of the Treasury was empowered to
decide when it had served the purpose
Of stabilizing the bond market-the
underlying reason for it's original en-
actment.
Reasons for Decision
Mr.. Houston's decision, however, was
based largely on the fact that on
July / the 2e per cent sinking fund,
provided in the Victory Loan act, be-
comes operative. eli said it was not
his intention to treat the two funds
as cumulative, but to end one with the
beginning of the other. The approx
mae amount, set aside by the Treas
ury for use in the period between now
and July 1, will be taken over by the
War Finance Corporation, which will
make all purchase of bonds for which
funds are available until the expira-
ton date.
Hereafter such purchases as the
Treasury may make for the bond
purchase funds will be Occasional
and not habitual," Mr.. Houston said
The low levels to which bonds have
fallen were attributed by Mr. Houston
to forced liquidation by heavy bond
purchasers-1arge industrial and other
corporations-w have been under
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-18

pressure to find funds to finance their
current expenditures. He added that
this had come when It had been neces-
sary for measures to be invoked which
would control credit and make bank
loans both difficult and expensive.
Will Help Market, He Says
No announcement was made regard
ing the amount of bonds retired
1An,IIougn the 8 per cent purchase funds.
AZ bonds bought were obtained bv
the Treasury at a discount RANGING
from 2 to per cent. thus saving the
government both the interest for the
I'VE OF the bonds, as we'll as the diff
ference between their par value and the
market quotation.
Il believe that the time has come. /"
mr.. Houston said, "when the disap-
pearance Of the government from the
market, except as an occasional pur-
chaser: will have a beneficial effect
upon the market for the bonds and
notes, both by reducing the Treasurv.a
current borrowings on Treasury Ger
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-18

return to work or show cause on April
q for refusing to do so.
The order. came after a hearing on
the application of Attorney General
Hopkins to be allowed to amend the
petition for a permanent injunction to
prevent the calling Of strike. The
action of the court in ordering the
men back to work is short cut to a
test of the power of the state to con-
troll the miners union.
There was no change in the mining
situation to-day. All the mines except
one deep mine and three steam shovel
pits we're idle. These plants employ
about 800 of the 10000 miners of the
district.
Bonds for Howat and the other
miners union officials held in the !ails
at Ottawa and lola were approved BY
Judge Curran. A. B. Keller, county at
torney, Immediately notified the sherlhs
to release the men and tender them
TRANSFORMATION to Pittsburg.
The bonds are for $4,000 and the
same sureties appear on all four bonds
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-18

tiicates Of indebtedness and stimulat-
ing the interest of investment bankers
and the public in the market for Lib
erty and Victory securities. This offers
a unique opportunity to investors,
large and small, the quotations for the
bonds being extremely attractive to
investing institutions, as we'll as
private investors"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-18
Court Orders Howat
To End Miners Strike
Kansas Acts to Test Power of
State Over Union That Has
Tied lin Industry

Special Dispatch to The Tribune
P1TTSBURG, Kan, April 17-Judge
Andrew J. Curran, in the Crawford
County District Court to-day issued an
and other officials Of the miners union
to direct the Kansas coal miners to
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-18

Spring and Summer Selections of
Catalogue & Folder Merchandise
being shown, at attractive prices
i'm the Department for Economical SHOPPING
the SIXTH FLOOR
Fashionable Clothes for Men, Women Younger
Curtains, Bed Furnishings, Table Napery ranv useful
and ornamental articles
nnents displayed this Floor
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-18
Dainty
Lingerie Blouuses

displayed i'm the Department ON the
Second Floor, are composed of sheer
French wolfe combined with eyelet
ernnbroide familiarly known.
inn mid=Victoriam days, as ''cutworl."
Several attractive variations of this
new and pretty style are shown, spe=
cia9ly priced at SIPS, $500 and
$3.50 (t1e latter price subject to
War revenue tax).
The Coconino sun., 1920-03-19
NOTIFIED TO WATCH
 FOR THE ROBBERS

Police and border guards have been notified to watch for three Americans who held up and robbed 20 men, said to have ben engaged in a crap game at hotel in Lowell, near Bisbee, early Sunday morning. Two of the men en- tered the room, leaving the third in an automobile, which they had rented. The two robbers lined up the occu- pants of the room at the points of their revolvers, took 5000, said to have been stakes in a game of craps, and the watches, jewelry and money of their victims. They forced the driver of the rented car to take them toward Douglas, on the international border. Deputy Sheriff Jack Ryan pursued the robbers in another car and overlook them near Douglas, ordered them to halt. The robbers escaped by making a sudden turn into an alley, jumped from their car and fled under fire of the officer.
The Coconino sun., 1920-03-19
OATMAN AMALGAMATED
 INCREASES ITS CAPITAL

Stockholders of the Oatman Amal- gamated Mines company gathered at the company offices at the town of Oatman Wednesday last and voted to increase the company capitalization to 1,500,000 one dollar shares, instead of Sl50,00O in ten cent shares. E. T. Me Gonigle, the big lumberman of Flag staff; George Babbitt, of the Rabbit Bros. Trading company; Edgar Whip pie, contractor, and R. J. and Charles Prochnow, also of Flagstaff, were among the shareholders present at the meeting. Charles Prochnow was ac- companied by his wife. The com pany has increased it's capital for the purpose of-carrying out a large de- velopment campaign that has been mapped out.
 The shaft of the Amalgamated has reached a depth of 500 feet, a station cut and the work of crosscutting to the big veins is now under way. E.. A. Ritter, consulting engineer of the company, is expected on the ground about the 25th of the month and will indicate the work to be carried on by the mine management. The shaft has been sunk in the country rock and the veins are to be picked up at depth where they are expected to show wide naturalization. This level is below the usual faulting and when the veins are entered it is expected that something good will be found. The property is understood to carry the extensions of the Tom Reed lode and that of the Gold Road. The camp lies to the west of the Gold Road and about two miles distant. It is about three miles from Oatman and to the southeast of the Mossback. All the big veins of the two camps are traceable into and through the property of the Amalga- mated and the country looks good for the opening of a big winning mine.-- kingman Miner.
The Coconino sun., 1920-03-19
Feeding Cattle Profitable Says StOckman.

Last fall MT. l.. L. Bates, of Pres colt, sold his long yearling steers at $54. Several of the cutbacks were not fat enough to be sold and these were placed in the feed lot and fed. It is probable that at this time the steers would not have been worth more than $50. They were put in an alfalfa past ure and corn stubble for five weeks, then given silage two months and sold at II cents a pound, bringing a total of $86 per head. This is an increase of $36 for feeding the steers. He es- inmates that they consumed about a ton of silage and about five dollars worth of other feed, making a net profit on the feeding of $21. Five of the best cows were also sold with the steers and these averaged $76 per head selling at S1a cents pound.
 MT. Bates claims that this is one of the best ways to market the stock from Yavapai ranges. He claims that about five per cent of the land there will raise an average of four tons of silage per acre at least four out of five years. The crop should be stored in silos ana fed to the animals. When range conditions are inferior thin breeding stock should be selected and given sufficient feed to carry them over winter. This does not make much when fed on the range where the stock can secure a reasonable amount of browse, other forage, weeds, etc.
The Coconino sun., 1920-03-19
LANE WOULD MAKE VAST
 EMPIRE OF COLO. RIVER

Franklin Lane, former secretary of the interior, in recent address at Los Angeles, outlined a plan he said he was working out for impounding the waters of the Colorado river and irri- gation of 100000 acres of land in the southwest. The plan includes "mak- ing the Grand Canyon the greatest impoundng reservoir the world has irrigated, Lane declared, "Must lie idle until somebody with the money coupled with the ability to organize en- ginering sense undertakes to store the waters of the river and its principal tributaries from Wyoming to the Grand Canyon for the purpose of spreading it over vast area which is unproductive, which the world will presently need"
 Lane said he had already had en- gineers of his own at work on the plan.
 Lane said the large self-sustaining herds of reindeer in Alaska, the pro- duct of a band of 1000 placed there 25 years ago, now are capable of sup plying the whole Pacific coast with fresh meat, as good as beef and ad- vocated stocking Alaska with musk oxen from Canada to build up cheap meat supply for the country.
 He declared America was to become the leader of the world not so much by virtue of development of her re- sources as by "her consciousness of the greater responsibility which now rests on our democracy"
 He continued:
 "Money does not seem to be of as much consequence as it was. Many of the worlds richest men are wonder ing how best they can make their money serve the world" ..
The Coconino sun., 1920-03-19
PADDY-HE KNEW HOW

Paddy Johnston was in Flagstaff this week from Williams attending the jury session of the superior court as a juror. He has leased his homestead out in the Spring Valley country this year and proposes to take it somewhat easier than he did last year.
 "While I raised good crop out there last year, ranching is not all that it is cracked up to be at times," remarked Paddy. "When I broke up some sod ground the first year and when I was dragging it over, chunks as big as barrel with the wind blow ing some few hundred miles an hour, young cowpuncher came along and suggested that if didn't do something to hold the place down it would blow away. l told him that if the wind kept up I intended to put an extra wire on the fence and if that wouldn't hold it I knew to a dulned certainty that mortgage would. That seemed to sat- isfy the young feller and I still own the ranch" continued the inimitable Paddy.
The Coconino sun., 1920-03-19
OIL CUSTER AT PECOS
 CAUSES A BIG RUSH

PECOS, TEX, March 15.-The wave of oil which spurted over the top of the Bell well at Dixieland, 22 miles north of here Saturday set Pe- cos in frenzy of excitement and the curbstone brokers were doubly busy transferring leases at soaring prices, now that the lid is off and everyone is convinced that the oil is in the valley in commercial quantities.
 All Pecos was present as the first producer between Eastland and Los Angeles fields was swabbed out and then scrambled back to town to find out the new value of their holdings.
 The well immediately filled after the oil had been sent lover the top and the pressure shown was sufficient to warrant the predictions of the oil men that the well will make from 300 to 800 barrels with a specific gravity of between 39 and A, and with a 30 per cent or better content of gasoline.
 More than 60 contracts have been let for the vicinity of the we'll and nine rigs are now on the ground, and the tented city here is growing as Pecos is endeavoring to find beds for the thousands of visitors
 Two hotel projects, each entailing a reported investment of over $100,000 are now under way, while railroad and telephone men have been here and de- parted to report to their chiefs the ad- ditional needs of the town as a result of the boom. An early long distance telephone connection to the east is ex- pected as the result of the visit of c. E. Stratton, general manager of the Tri-State lines. An eighty mile con- nection between Barstow and Midland promised by the Southwestern Tele- phone company before the war would complete the connection.
The Coconino sun., 1920-03-19
A RETURNED SOLDIERS PAY

Lieut.. Metzgar, who was called away from his homestead near Anita to do his bit for Uncle Sam and make Ger many safe for Germans, was in Flag staff the first of the week on his way home from Phoenix, where he had been visiting the state land office. Metzger wanted to lease section of state land adjoining his homestead, but was advised by the land officials that there was no more state land, that it had all been used up. They did not tell him just how it had been used up, but it is supposed that while he was away helping win the war, some one else who had stayed at home had been looking after such stray pieces of land as soldiers might have the nerve to want when they got home.
The Coconino sun., 1920-03-19
INNOCENTS ABROAD

One day last week, MT. and Mrs. Moran's three little boys, with the two young sons of Lorren Cress and Charlie Clark, went over to Switzer Canyon looking for buttercups. When they did not show up at their respect i've homes within reasonable time, there were three very anxious and badly scared mothers. A hunt out around the reservoir didn't yield any evidence that they had fallen in.
 In due time, however, though some what late, they came home. They had lost their bearings, finally coming out on the road east of town, where they saw one of Will Marlar's "One Mile to Flagstaff" signs and headed home.
The Coconino sun., 1920-03-19
MOTHER AND WIFE
 SEEK MISSING JIM BUTLER

Not heard of since he left Deming, New Mexico, three weeks ago, to come to Phoenix and join his wife, the con- tinued disappearance of Jim Butler has led to an appeal to the public to assist in finding him. Mrs. Nellie Butler, the wife, and Mrs. Maggie Butler, the mother of the missing man, are in Phoenix careworn by worry over his disappearance and practically desti- tute.
 About three weeks ago Butler left Deming, where his mother lived, to come to Phoenix and join his wife, who was already there. Nothing has been heard of him since he boarded the train.
The Coconino sun., 1920-03-19
Oak Creek Farms Are
 Badly Damaged hy EIOOds


 Months must pass before the farm CTS along Oak creek can repair the damage wrought by the recent floods, according to James Page, who was in from that section today.
 Every ditch along the creek was damaged to some extent. The big John Lee ditch was the most seriously injured. It is feared that it cannot be put in shape in time for the spring planting. In this event the loss to the farmers depending on that ditch for irrigation water will indeed be heavy. Furthermore, the supply of produce which the Verde district nor mally draws from Oak creek will be greatly curtailed.
 John Hurst's lower place, about 15 acres, was washed away with the ex- ception of two or three acres. Of Hurst's famous apple orchard, which produced fruit that took numerous prizes at the Soil Products exhibition in St. Louis last Summer, only some 30 trees remain. The Hurst home and apple storage shed are gone.
 Farther up the creek, the flood washed away part of Henry Schuer- mans apple barn and came so near the family dwelling, big stone house, that it is now being moved back to higher ground.
 Barbed wire from the farmers fences is scattered promiscuously along the creek clear to it's junction with the Verde. Much of this wire is so. twisted and intertwined with drift wood that it cannot be recovered at a profit
 Guess we'll have to brand our wire after this so that we'll know it when it strays off the ranch" remarked c. s. Chick, of Cornville.
 Page says, however, that the roads over Oak creek way arS in good con- dition. The ford below the Page place has been repaired since the flood and is now easily passable.-Jerome News.