davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1920-01-16
OIL Stocks AGAIN
UNDER PRESSURE;
OTHER ISSUES FIRM
Market Generally Rallies on
News That Discount Rates
Will Be Untouched.

Thanks TO an announcement by the gov
ernor OF the Federal Reserve Board that
the Reserve Bank for this district, follow
ing It's meeting here on Wednesday, had
made no recommendation for an increase
~ the discount rate. stocks yesterday
showed disposition to rally. With the
exception Of the oils and Of one or two
other speciaities the list generally at the
close was substantially higher than at the
end OF the previous session. The final tone
was firm.
Sentiment was much more cheerful. as
an outcome of more favorable reports from
Germany and of the steps taken by i'm
portant financiers to solve the vexing
problem OF world credits Business. how
ever. was restricted almost entirely to
professionals.
The oils perhaps were the exception. IN
their case pressure came from powerful
sources Banks are looking askapce at
such issues. In view OF the multitude that
recently have been floated. and Of the re-
ports OF over drilling In the Texas field, to
say nothing OF earthquakes In Mexico and
o, salt water in the Louisiana fields.
Iakins the action OF the market as q
whole II indicated that the selling on
wednesday had been overdone. Also 4,
showed an inclination of the traders tc
preak away from the highly manipulative
issues and to turn to the more seasoned
standard shares.
The firmness Of United States Steel was
particularly encouraging. The street is
mindful OF the fact that the announcement
OF the subscription price of Steel common
each year generally marks the turning
point in the market. Steel directors con.
stitute the best ell around business jury
In the country. Their judgment OF fair
price for the corporations stock for its
employees is based not only on existing
market conditions and on earnings but
upon prospects. According to their judg-
ment, therefore, Steel common at present
~ worth at least 106. Announcement OF
their decision was followed by good out.
side buying of the shares.
Bears found an easy mark in Middle
States Oil, which, like Transcontnental, is
prospect rather than a proven money
maker. Union Oil was another weak issue
Proven stocks, such as Mexican Petro.
Ieum. Royal Dutch, &C., rallied well.
The New York herald., 1920-01-16
BANK OF FWGI hpD REPORTS
INCREASE IN BULLION

LONDON, Thursday.--he weekly state
ment of tire Bank of England shows the
following changes:-Total reserve in
creased E5,lo5oo0. circulation decreased
G2,C9S 600, bullion increased e3.006 Isl. other
sec Irities decreased ell $4,000. public de-
posts decreased G2.So6D00, other deposits
decreased so $4,000, notes reserve in
creased 95,l46.00O government securities
decreased &c, ,23l 900
The proportion OF the banks reserve to
liability is 1876 per cent; last week II was
II. 20 per cent. Rate OF discount. 6 per cent.
The New York herald., 1920-01-16
2 STOCK EXCHANGE SEATS
SELL FOR 328, 900

Three seats on the Stock Exchange
we're sold this week for total of sS2s ,Ooo
Two OF the seats sold for $4,000 each.
The seat of John v. Bouvier was sold to
Raymond ]. Schweizer for $4,000 The
scat Of Herbert Ware was sold to Harry
n. Singer for the same consideration. j.
r. Begg paid slOs.0oo for the seat OF
Theodore Wolf. The seat Of Charles ~
Never was transferred to George W. Greg
ory as a membership transfer.
The last previous seat sold brought No9.-
,oo The previous record high price paid for
n Stock Exchange seat was $4,000
The New York herald., 1920-01-16

been passing into strong hands on rear-
tions, 1t is asserted. This absorption has
been especially good in the case OF United
Retail Stores, according TO those follow
ing market operations in that stock. A. r.
Securities and Tobacco Products were
also strong yesterday. The latter gained
nearly four points.
RAID GRAPHoPHONE STOCK.
Rumors that the Columbia Graphic
phone Company will Grange its dividend
policy were made the basis for raid on
the stock yesterday. stop loss orders were
caught on the decline, which on that ac-
count proceeded precipltately. In quar-
ters in position TO speak with authority
1t was denied that the dividend policy will
be altered in any resuect The stock now
receives 25 cents a share ecch quarter In
ca sh and one-twentieth of n share in stock.
Sales OF tho company are far ahead OF
those last year, it was added.
The New York herald., 1920-01-16
INT. PAPER VI . POINTS.

INT. PAFEH NE FVbNTSs
International Paper sold up three points
and closed with a net gain of 1is points.
While official figures for 1913 have not
been published. IL Is known that the com
pany enjoyed one Of the best years in its
history. During the twelve months IL is
estimated the total output of paper in
this country was about l.150.0o0 tons. That
represents an increase Of more than eieht
per cent over 1878. International Paper
produced more than 100000 tons yf tLa
total output. There IL n heavy demand
for newsprint for the present year and
the company is expected 20 have an even
better return on its capital than in 1919
BANKS FRowN ON OIL STOCKS.
OIL stocks no longer arc In favor with
banks. which make a practise OF lending
funds on Stock Exchange collateral. II de-
veloped yesterday. This applies more espe-
cially 20 some Of the stocks Of new promo
tions. generally regarded as prospects.
owing 20 alleged discrimination OF banks,
some oils were quiet weak yesterday. A
sharp break occurred In Middle States Oil.
Under unusually heavy selling II declined
a maximum OF about IL points. on the
close n rallied. but. nevertheless, was off
more than II points from the previous
close Transcontinental oil, recently ono
~ the excessively weak stocks, was in
much better demand. 10 registered n net
gain of one point.
TOBACCO SHARES ADVANCE.
Buying of tobacco stocks yesterday was
attended by rumors that further favor
able developments are in store for United
Retail stores shareholders. According TO
these reports. the management is nego-
,iating for the acquisition OF another chain
stores organization. II is said that the |
aaaf will be closed soon unlsss ths urex.
psstsa asssleps. Tobacco stocks have
The New York herald., 1920-01-16
News and Gossip
Of
Wall Street
MONEY TAKES SUDDEN TURN.


The sudden turn in money caused some
comment In stock market circles. on
Wednesday money closed az 10 per cent.
Yesterday the highes: rate quoted was 2
per cent and the last was s. Banks have
been subjected 10 cauStic criticism for
alleged juggling Of the money rp,e. They
reply TO these criticisms by insisting that
the extreme fluctuations In funds are due
TO urgent borrowing demand which fairly
coaxes funds out of them which they
would rather use In some other way
Undoubtedly there are two sides to the
question. but II cannot escape unfavorable
observation that n great deal Of forced
liquidation of Liberty bonds H. due 20 the
abrupt change or attitude by Federal Re-
serve authorities and the banks on the
question OF collateral loans secured by
these bonds. There appears 20 be a de-
liberate attempt to shake out hoidings of
Liberty bonds which are not paid for.
This Is In disagreeable contrast with the
promises made TO investors when they
subscribed that they could borrow ~ psr
at reasonable interest rates.
MEX AND PAN-AM. PET ur.
Mexican Petroleum and Pan-American
Petroleum both recovered sharply One
Of the factors In the strength OF those
issues was an unofficial despa tch from
Mexico City announcing the Mexican gov
was willing 10 make concessions
TO foreign oil corporations in ihe con.
that have long existed. The
statement of the Mexican Petroleum Com
pany, submitted to the Stock Exchange
for the nine months ended September N
1919, show net profits after income and
profit taxes OF si,i270T1. That n equiva-
ent after deduction and preferred divi.
dends. TO sos a share. IL compares with
net profits ef es.apt. t.<4t or sn.ls q share
nASne1 on the common stock fDs ths ysAr
The New York herald., 1920-01-16
Burglary Insurance
American Surety Co.
cf New York. (Founded 1890.
Home office. 100 Broadway.
DIVIDENDS. MEETINGS, &C.

DlVIUENDS, WEE iNOo, OS.
NATIONAL LEATHER COMPANY.
Trcasurer's office.
40 Ames Buildins Boston, Mas ,a.,
DIVIDEND No. I.
The Board Of Directors has this day declared
the capital stock OF this company. payable on Q,
after February Is, 1870. 70 stockhcders of record
at the close Of business IT, 'Sfsai 'S%fscHoEs Tiss.ure @
THE ANNUAL MEETING
coxr1eyf tbs bry S9fsssassSs s. sPMST of fcospon,rroS
@ Be sd a. e css q 5.ss the s
city Of rHGesD1Y EdM N5FtY q 'iiAGsttARY 20. 1890
cor the election Of five directors Tor the ensuing
Sitsc,drs SisT s@' % fPe fSe nine o. and iss tss
come before the meeting.
D'''' ''''' " T. 1. BREcKINRIDeE.
~ TIE SyTocRnoLDERs OF SUTTON, FORD
Ss & sSFsE syie a stea sst os :S Con- . as
WI be held at the Office OF the compsny. at
e.i,y and and state q New fors. % the 9th DAY .
dsy 70 eGs wss,ser n s 81
changs its name e ,osSt sutton. Fish a Co., inc.
W, w. SUTTON, JR..
President OF sstjSS cosbdS rgTf 4 4 Sisli fSi Inc
Secretary of sutton Ford 4 Co. Inc.
rTiE ANNUAL MEETING Of the stcckhoIders, Of
The Van Begren and New York Bilipostng
t-ny, ~, Seventh Avenue: New York CIty, on
he Sa sy for G h 81 eSs Sl % %
ensuing year aud for the transaction OF such
esug business as pEgasE4 sscrsSry ssfFs the
New YORK, January d. 1920.
TIE annual meeting Of the stockholders OF the
Lsh9s n ,ss Ssuess .opsRy s VIII be os held at the
ltse Yors III edae.dSys ds'' me s2s siss IA dsS Sss "
f' e, SSsspg,ss q sItstins e, effss.
The New York herald., 1920-01-16
Allied Exchange
Rates Again Drop;
Francs Go II Points
Sterling Gables Close at t1.47-Lire
and Belgian Francs
Both Fall.

hates for allied EXCHANGE yesterday
asain declined. Sterling cables closed a,
81 and demand at 37oh, net loss OF
points Franc cables closed at II. AZ and
demand at ll.is. break OF II points.
Belgian francs declined 10 points Lire
moved Y points in favor of New York.
German marks and Austrian kronen
broke to new low levels. Marks are now
worth IA cents and kronen % cents each.
scandinavian and Danish exchange were
strong Pesetas were firm Rates on
South American countries were steady.
foiio"lhs are the rates quoted on the
principal foreiGn exchange markets NJ
the close Of the regular hours of business
yesterday
The New York herald., 1920-01-16

Sales of Liberty bonds on the EX-
change carry interest to the date Of
sale. The seller receives that interest in
addition to the sale price of the bond.
The New York herald., 1920-01-16

After renewals for both choice mixed
collateral and all industrial securities had
been made at per cent yesterday the
tone OF the call nlonev market beca ne
much easter. Shortly before two O'Clock
there was 'a"ee amount Of n'orav at
the table. with a comparatively small de-
nand. The rate then declined to per
cent and few minutes later 70 s per cent
Final transactions were made at that
rate.
The renewal rate OF . per cent is the
hi~hest since December 5. when renewals
were made at 10 per cent The 6 per
cent quotation was the lowest since De-
cenber 3, when money closed at that
figure.
Time money was IN heavv der,nrd, with
comparatively little loaned. PiSs we~e
made ar sl9 per cent for periods of from
70 70 30 @aYs
Rates for rri~ne bark accertarces and
cell loans on choice prime bank accept
ances Were unchanged.
The New York herald., 1920-01-16
YIELD OF LIBERTY BONDS.

Approximate investment yield of Lib
erty bonds at the close of the Stock
Exchange yesterday is published be-
low. The issues are arranged accord
The New York herald., 1920-01-16
Bond Sales

Sales of railroad, government and mis-
cellaneous bonds yesterday amounted to
81, ,02i 600, as against SIS, 900 on Wednes-
day and slS,0S5, coo on Tuesday. Following
are the sales in 81 900 (prices are "and in
terest'):-
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-12-28

This is straight -from-the-shoulder Clearance Of
Mems Suits and Overcoats Prices determined with
only one idea-moving merchandise quickly.
Warren sheaf., 1920-03-24
Seven From Marshall
County Graduate at
School Of Agriculture

The following from Marshal II county
are graduates OF the Northwest School
Of Agriculture at Crookston who will
receive diplomas on Thursday, March
25; Martin Rud, Viking Lucille Morris,
Middle River: Louise Edman, Alvar-
ado; Ellen Ahlm, Argyle; Willard Tun-
helm, Newfolden; Joseph Thorkilson,
Stephen; and Milton. Warner, Warren
< The total number of graduates this
year is twenty-eight The Junior class
numbers eight-six which insures "a
senior class next year which will be the
largest in the history of the school.
The enrolment = during the present
school year was 3O1. The largest prev
ious enrolment was 2OS ,,z&l,..>ssE, )
~ The fall term Of the, school opened
October Z. During the summer most
of the students will carry on farming
work: All are enrolled in special pro-
jects on the home farms, thereby put
ting into practice the lessons learned at
the school. Indications point to a re-
cord breaking attendance during next
year. Accommoda tions at the school,
however, are limited to 250 and it. is
thought unwise to enroll a larger num-
Der on account of the lack of dormitory
facilities. ~% - = :. :. p .F.-ss'
-s5 When school opens next fall the new
dining. hall building will be completed
and ready fol. occupancy. In addition
concrete road from Crookston will be
built. The alumni and former students
are also subscribing funds for sol
:diers' and sailors memorial which it
is expected will be completed before
school opens. J.
Warren sheaf., 1920-03-24
Notice to Farmers

Owing to the shortage of labor
throughout the county during the busy
season, and as the Farmers Clubs were
organized for the purpose Of being Of
benefit to its members and community
and the Federated Farmers Clubs like
wise, therefore arrangements have been
made with the Minnesota Employment
Bureau whereby competent help may be
secured without charge to either em-
pl0yer or employee. II, farmers who
are in need of help, either male or fe-
male, will write the undersigned in
plenty Of time, he will, in cooperation
with the County Farm Bureau, do his
best to secure help. II calls for group
Of men can be made at one time for
certain localities it win prove easier to
secure them. Theo. Willer, Secretary,
Marshall County Federation Of Farm
ers Clubs
Warren sheaf., 1920-03-24
On account Of high water the Market Days
have been postponed until Friday and Saturday
April and 8. Scheie's Combination Sale will be
held on the advertised dates Friday and satur-
day, March rs and 20.
North Star COLLEGE,

The Sacred Concert will be given on
Easter Sunday afternoon at the Opera
House, beginning at 8 o'clock. Reserve
thai afternoOn for this sacred service.
The Warren Oratorio Chorus consists
OF the very best musical talent in War
5ren. May we name some of the folks
who take part Mr.. Ingof Grindeland,
Mrs. +. Wittensten, Mrs. e. Bratrud,
Mr.. "A. I.Bystrom, Mrs. A. r. Hatfield,
Miss Ebba; Lundgren and many others
too numerous to mention. It will be a
rare treat to listen to the cantata, t"The
Great Light" and several other selec-
tions to be rendered by our soloists.
The Chorus is under the able leader
ship3of Miss Agda Wennerberg. No one
can afford to pass up this rare oppor-
tunity of hearing the best that: home
talent can produce. --.. yz.
Warren sheaf., 1920-03-24
CityBl|'aker:y I ;: .....:..
:. -. :z q: Changes Hands

y, :, Alex Cote bought the City. Bakery
last week from Carl Roseberg, posses
sion to be- given April LIST. The present
help will be retained by the new pro
prietor, namely. u G. Shelstad, the head
baker; O.I A; NSrd, assistant and Miss
Agnes johnson, clerk. " Nj: Cote SAYS
that he viii give tos The people of War
rem the SO me- high class service as has
been given bF the; former proprietor:
Mr.: Roseberg ha s. owned and operated
the bakery for a number. of years. We
do not know whit his plans are for the
future, but he will probably take long
needed rest. The sale came about thru
one of those effective little want ads
published in the Sheaf.
Warren sheaf., 1920-03-24
BERT HARMON'S GOOD FORTUNE,

4. Bert Harmon, of Sycamore, ILL.,,
seems to be a .'lucky dog" He has
just installed first-class tenant on his
farm near Weston, bought from A. w.
Hedquist, and this (Thursday) morn
Ing received word that oil has been
struck on farm adjoining his own in
Elk county,. Kansas, coupled with Of
fers to buy or lease. He left at. once
for Kansas but will return to Morenci
in about three weeks. This is his Sec
ond lucky strike in oil.-Morenci, Mich,
Newspaper. -. -: -. :
Mr.. Harmon writes the Sheaf that he
will stop off at Independence, No; on
his way TO- Kansas. What puzzles the
sheaf is what Mr.. Harmon winn6 With
all the money he is going to- receive
from his numerous investments In
farms, oil lands, tire factories, puck
plants, ETC., etc. He will be In the same
plight as Carnegie liable to die rich.
Warren sheaf., 1920-03-24
Celebrate Twenty
fifth Anniversary

SO
About seventy five relatives, friends
and neighbors Of Mr.. and Mrs. Christ
Anderson, from Warren, BoxvilIe, Far
ley and McCrea, surprised them In
honor Of their twenty-fifth wedding an
niversary, Sunday, March 21st, at their
home. All report having spent-a pleas
ant evening in games,s cards and dane
ing-till the early hours Of the morning.
=. At twelve O'clock a delicious wedding
supper was served by the ladies, the
center piece being a wedding cake which
tipped the scales at, "a pounds. ..-::. :.
! 4 All Of Mr.. and Mpss.Anderson's child:
rem Mersspresent to- help in the merry
inss,:ssSvrhe friends depar Rtii;a
very, late hour, leaving as a telxer1x0f
friendship and esteem; ,a beau utifu1 s;set
of jsilYerWare and, some silver coin in
remembr rance sof the OCCASION and wishz
ed them many more years of happiness
and hoping to help them celebrate their
fiftieth, 49,. ........ =: - 4
Warren sheaf., 1920-03-24
LITTLE SNAKE ON
THE RAMPAGE
Many Easements in the City Filled
With Water, Necessitating
Removal Of Contents.

Our usually peaceable and inoffensiye
little Snake river has shown today
what it can do when it goes on a ram
page. The mild weather that has pre-
vailed for several days melted the snow
too quickly and the river as we'll as
most bitches, being filed up in places
with ice and snow, were unable to re-
ceive and carry off all the water as
fast as it was offered. The Snake river
began flowing yesterday and the water
rose rapidly filling it full to it's banks.
In places the flow Of the, river was
impeded by snow and ice jams that
caused the water to spread out over
the prairie and lower portions of the
city. Many residents spent an anxious
night, as the water found its way into
cellars and Easements. Today cooler
weather has prevailed and this has
served to check the flood to some ex-
tent. This forenoon the river over
flowed east Of town and the water came
rushing along streets and cutters on
the east side in cross country effort
to reach the river below the city. The
water soon flooded part Of the west
side also. High water and overfowing
bitches is reported from all the country
to the east Of here The snow is prac-
tically all gone from the fields and as
soon as the water has run off, the farm
ers will be busy with their seeding oper-
atiOns. .sa.-.-.
Aside from the inconvenience of hav-
ing wet cellars and Easements and the
labor required to move their contents
to places Of safety, no great damage is
done by floods in this part of the state.
The water generally subsidies in a Gay
or two and then all is lovely again just
as if the little Snake never had played
its little freakish trick. >se.s~
Several business men have had pumps
at work, all day to keep water out of
their Easements. At the city hospital
the city fire engine has been used to
keep water out of the engine room so
as to permit the heating of the build
ing IL
The schools have not been in session
today on account of the high water in
the boiler rooms.
Warren sheaf., 1920-03-24
Argyle Man Heads
Grain Dealers Body

Radical movements which attempt
to upset the present government. mar
keting machinery were condemned by
members Of the National Grain Dealers
association, who are holding a meeting
i'll Chicago.
III. r. Melsch, of Argyle, president of
the Minnesota Farm Grain. Dealers
associat ton, was elected president Of
the national organization.
i Plans for the extensive cooperation
of all elevators in the Northwest were
formulated and efforts were made to
effect the sale Of all the 1919 wheat
crop under the government guarantee. ).
Warren sheaf., 1920-03-24
American Legiion's
=: :: Big Show Coming

i. The dates have beensset for the big
musical comedy, .sForty1-five Minutes
From Broadway which will be pres
ented at the Warren Opera House two
nights, Monday and Tuesday, May 3rd
and 4th. The Legion have secured the
services Of well known musical COM
edy director, Mr.. BoydB B. 1Trousdale,
who has had years OF experience in
this work: Mr.. Trousda1e is; now at
Minot. N. D.. putting on this same show
there for; the Elks Of that, ;city::-TThis
win be the biggest thing Of it's: kind
ever presented in Warren and severyone'
Should go out of their way: to boost
this big show for the local post of The
American. LegiOHIt:ts ,c' .E5.2.ss,~:=s ~:a1I.s
Warren sheaf., 1920-03-24
70 stab,l,zs Clothing Industry

Chicago. Uniform productioa
throughout the year in the manutso.
turo Of clothing as q means Of stabllr
izing conditions IN the clothing indus.
try and Of preventing further price
advances was approved ct . Joint con.
vention Of the National Association OF
Retail Clothiers and the National A.
sociati0n Of Clothing Manufacturers.
Nliimnation Of Ill possible waste -
distribution was urged. "A committee
representing wholesale and ro1aD
elothiers was appointed.
Warren sheaf., 1920-03-24
Yearly Toll Of:
Preventable Diseases

Preventable disease caused 1926
deaths in Minnesota during the year
1918, according tO&repOrts from the
State Board of Health. These prevent
able diseases caused Al per cent of the
total number of deaths which occurred
during that year.
That seemingly unimportant disease
of childhood, whooping cough, caused
24S of the preventab1e diseases. dip
htheria caused $50. scarlet fever 154,
measles 81. smallpox Z, typhoid fever
81, cerebro-spina1 meningitis 80. acute
anterior poliomyelitis 25. The deaths
from tuberculosis amounted to 2,543
Pneumonia caused 1857. Influenza, of
course, was the greatest cause Of death
that year, being; responsible for 7,521
deaths. =
OF other causes Of death, cancer was
greatly in the lead with toll Of 1890,
slightly smaller number than for the
two years preceding. Accidents brought
about 1896 deaths, diarrhAal diseases
Of children caused 62l deaths, the
lowest number from that lii eight years.
In 1913, ,198 children died from
:dlarrheal diseases; In 1914, 1,O19; In
1916, 686; in 1916, 785; In 1917, 7O2.
The daily constant decrease In the num-
Der Of deaths from diarrheal disease
may perhaps be credited to the IN
creased education Of the mothers III the
proper care and feeding Of infants and
young children. The children's clinics
no doubt are great means Of spreading
that education into every home In the
state. We hope that when the statistics
Tor 1919 and 1920 are completed the
reduction In deaths from dliarrheal dis
eases will be greater than for previous
years.
Puerperal Septicemia In 1918 caused
fewer deaths than any year previous
with the exception Of 1914 when it
caused 86 deaths In 1917 there were
110 deaths from that cause, but. the
number was reduced to 98 In 1913.