davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Utah Copper Company
Has ST., 494, 545 Deficit
Operations Curtailed so Per
Cent, Reducing Income; Divi-
dend Equals S5.08 a Share

The Utah Copper Company failed by
S1,494545 to earn it's 1919 dividend
disbursements of $9,746,94O. The rea-
son for this, according to the annual
report, issued yesterday to stockhold-
ers, was the decline of $24,97O,5S8 in
operating revenue. This item was
placed at s19,554,541. Operating ex-
gated s14,689,872, or S15,S53,158 less
than in the preceding year. Income
received from sources during the year
amounted to S3,562,523 bringing the
total to SS,252,395.
After other charges had been de-
Quoted, balance was equivalent to $5O8
a share earned on the S16,244,90O CAPT
tai stock, against S11.35 share earned
IN 1918. When dividends of S9,746, $40
had been taken care of the result for
the year was S1,494.545 deficit, which
compares with a S2,20O,7S0 surplus the
year before. No reserve was set up in
1919 Federal taxes.
Total production of the company last
year amounted to 110,591 ,60S pounds.
After smelter deductions, the net pro-
duction amounted to 105 ,O88, TAO
pounds. According to the report, the
curtallment of about SO per cent was
continued throughout the year. The
average price received for the copper
sold was 1925 cents per pound, COM
pared with 14.145 cents a pound pro-
duction costs.
Listed on the balance sheet was
$2,764,7S1 cash on hand, which com
pares with S12,424,188 at the end OF
1918. Securities, however, increased
being placed at S13,847,150, against
s11,957 ,489 in the preceding year. To
tai assets and liabilities amounted tc
s79,347 1868, compared with sS4,354,91e
in the year before.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
General Chemical Go. Earns
$3.50 q Share in Quartz,

For the quarter ended March 81, 1926.
the General Chemical Company re-
turned surplus Of ,552,o6s, equiva-
lent, after preferred dividends, to
$3.50 share earned on the s19.823.-
go outstanding common stock, against
af,ff2,115 or s5.35 a share on the SIG
$4,000 common in the corresponding
quarter Of 1919. This amount was
reached after deducting insurance
fund ~ $4,000 and taxes, deprecia-
Ton, etc. Of 100000. Total profits
we're $z,0a7 900.
Directors Of the company declared
the regular quarterly dividend Of Q
per cent On the common stock, payable
June ~ stockholders Of record
May 20.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Corn Products Earns More
Company to Erect New $4,000
Bushel Refinery in West

Net earnings Of the Corn Products
Refining Company for the quarter
ended March 81, 1920, were the largest
in the history of the organization,
amounting to s5,684,353 or s2,727,152
more than in the corresponding period
Of the preceding year. To this other
income of s5S,081 was added, making
a $5,742,434 total.
Interest and depreciation totaled
ss37, 915, a s59,826 gain over the Same
quarter of 1913. Balance of s5,104,-
$40 was equivalent, after s521,972 in
preferred dividends, to 1920 a share
earned on the 49,7s4,oO0 outstanding
common stock, against s2,442. 300, or
1886 share on the s49,777,333 COM
mon in the quarter ended March 81,
1913. Holders Of the common stock
earned s74s,7e0 in dividend distribu-
tons, leaving s3,S35,7s7 surplus
According to an announcement made
by directors, the company will build
new refinery in the Middle West to
cost between s7000,o00 and $4,000, 900,
with a capacity for grinding $4,000
bushels Of corn daily. The new plant
viii probably be erected in Kansas,
az this is centra. location, being
near the source of supplies. When
this refinery is completed, the direc-
tors say, the corporation will have a
capacity for grinding about $4,000
bushels Of corn daily.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Doheny Issues Hard Hit

Although it might seem that Amer
can Intervention in Mexico would ulti-
mately prove beneficial to American American
enterprises in that country, yesterdayss
State Department dispatch telling OF
requests from Americans on the
Pacific and Gulf coasts for the protec-
tion of United States warships was
seized upon by the bear crowd as fur
Their ammunition for their selling
tactics. Mexican Petroleum and Pan
American Petroleum "a" and %B"
stock were driven we'll under the low
prices reached on Wednesdays. break
and failed to recover much of their
losses at the close. They forced Pan
American "a" down to 9OA from a
high of 1885, while the "B" stock
showed a loss of TX points at its clos
ing quotation of 871a. Mexican
Petroleum after touching 1855, closed
off points at 1863.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Savings Banks as r. r. Investors

Representatives of 500 mutual saw
ings banks of the United States at a
meeting in Boston yesterday heartily
Endorsed the important work per-
formed" in connection with the enact
ment Of recent railroad legislation by
the National Association Of Owners Of
Railroad Securities. "That Associ-
ation," according to resolution
adopted, "saw the necessity for and
has created the means through which
the individual investor-represente
by the mutual savings banks and mu-
tual life insurance companies as by
no other institutions-can through
collective action. present before the
public and Legislative and regulatory
bodies the necessities for the. pro-
lection of investors" The body also
praised the Esch- Cummins act, par
ticularly Section 422, (which outlines
fair and equitable solution of future
railroad financial problems"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Commodities
Cotton

Tho market WAS weak yesterday. Thurss
days rallies were not only lost. but Octo-
Der and December contracts made new
low ground for the movement. with Octo-
Der selling at 3465c. compared with $500
the high point reached on tho rally OF tho
previous day and $3.50 tho high record OF
last Monday morning. That delivery
closed at 34s5c. with the general market
closing steady at q net decline OF rs to 65
points.
An idea that the advance in commodity
values has been sufficient to fully discount
imitation and that from now on It Will be
more difficult to secure credits for specu-
lative purposes for holding commodities
out Of the market, seemed to be largely
responsible for the renewal Of liquidation.
At times there was enough covering to
cause rallies Of few points. but trade
buying was less active and all the buiges
seemed to meet increased offerings from
one source or another. Wall Street was
the chief seller, but there also selling
here for New Orleans account and local
pressure, accompanied by runors OF an
favorable Mexican developments and re-
vived rumors that cotton was to be shipped
here for delivery May. Details regard
ing the latter were lacking, and while May
sold far enough above middling quotations
in some Eastern belt markets late last
week to suggest such shipments. 1t has
now lost much of its premium. as COM
pared with spots. closing last night st
10 CSC, compared with 10000. tho middlins
quotation at Norfolk
The market opened steady at a decline
of to q points and an early rally on re-
ports of continued dry weather in tho
Southwest. with showers in the Eastern
belt soon lost. The lowest points OF
the day reached in tho late trading.
when active months showed net losses ~
Al to 10 points. Notwithstandins ths
rumors of possible shipments here. May
relatively quiet and steady during tho
entire day Exports for the day wers
14.o7e bales including 1926 bales to Japan
and China, and Notwithstanding last
weeks disturbances in Japan. clearances
to that country for tho week amounted 10
over $4,000 bales. Southern spot markets,
as officially reported, were unchanged 10
so points lower Middling quotations now
range from 10000 to Az oc in the various
markets.
The local spot market was quiet and
10 points lower at 1850 for middling. no
sales reported
of yrfce fol
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Ontario Bonds High Yield

A further object lesson showing the
present unprecedentedly high level of
when banking syndicate sold &c.
100000 Of Province Of Ontario five
year per cent bonds at a price to
yield 72O per cent Only few weeks
ago the prime provincial bonds were
being offered on a I per cent basis,
and that was considered high. But
since the Pennsylvania Railroad and
the New York Central paid per cent
for accommodations the cost Of Dor
rowing has gone up.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Time Money Appears

An important wire house reported
yesterday that several million dollars
of time money was placed here yester-
day by out Of town banks. The rates
we're those now quoted, namely, Sh
per cent for industrial and 8 per cent
for mixed collateral. Some of the
loans, it was said, ran for ninety days,
while part will not mature for six
months. Local banks state that they
are putting out very little time money
on the Stock Exchange. The general
credit situation, they say, has not yet
developed to state whore they can
see their way clear to lend money ex-
cent on call
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Caturegli Returns from Abroad

DR.. Alfredo Caturegli, Mexican
financial agent at New York. has re-
turned from a mission to Great
Britain and the Continent. He came
back before he planned because Of i'll
ness in his family and has not yet
publicly discussed his trip. He an
nounced before leaving that the pur-
nose of his mission to London was to
close up the financial agency there,
but some financial observers believed
he would confer with foreign bank
ers in the matter of rehabilitating the
national credit of the republic south
of the Rio Grande.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Declare 10 Per Cent Dividend

Directors Of the Dominion Oil Com
pany have ratified the recommendation
OF the Middle States Oil Corporation
and have ordered u distribution Of a
shareholders. This is the FIRST stock
distribution made by the company and
follows the policy Of the Middle States
OIL, the parent company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24

ANDREW T. MCCORMACK Auctioneer.
REGULAR AUCTION SALE
STOCKS AND BONDS
BY ADRIAN II. MULLER 6 SON.
OFFICE. IS WILLIAM STREET.
WEDNESDAY,, APRIL 2STH, 1920,
at 1880 o'clock. at tho
EXCHANGE SALESROOM.
NOS. il AND Ii NESEY STREET.
For account of whom 1t may concern.
200 shs. United Zinc Co.
100 shs. Hutchinson Profit-Sharing Co.
l sh. General Electric Co.
100 shs. East Iron Machine Co. prefd.
1897 shs. Zinc Concentrating Co.
1872 shs. Sinclair Consolidated Oil.
SO shs. Flemis Lynn Co. common.
Is shs. Lawyers Title & Trust Co
b26 shs. Equitable Oil & Refining Co.
shs. e. r. Burroughs prefd.
80 shs. Lord & Taylor common.
100. 900 Marks City OF Berlin. 40 BIDS
$1,000 Marks City of Leipsig. SO DDS
$1,000 Marks City OF Frankfort SO bHs
$1,000 Fort Dodge. Des Moines & South
ern r. Il. Sc BIDS, 1898.
5000 LacSawanna Coal G. Lumber Co,
Constr. mtge. SO BIDS. 1851.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
100 Per Cent Dividend Planned

Stockholders Of the Monomac Spin
ming Company have voted to increase
the capital stock from $1,200,O00 to
$5,000,000. Of the new stock $1,20O,00O
will be distributed to shareholders in
the nature of a 100 per cent stock divi-
dend. The balance Of $2,6OO,00O will
be offered to holders at 500 share
in the proportion Of liz shares held
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Chicago State Bank Dividend

INC state Bank of Chicago has de-
ciareo Of 2-3 per cent stock dividend,
increasing the capital from $1,000, 900
to $2,500,000, and has transferred
$ooo,ooO from undivided profits to the
surplus, bringing the latter to $4,000
900 and leaving $4,000 In undivided
profits account. Dividends In 1915
amounted to 20 per cont regular and
8 per cent extra.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Argcntina's Corn Crop

BUENOS AYKES, April 22.-Argen-
tina's corn crop for the present year
will be 6,571 900 Spanish tons, cquiva-
lent Of S,S37,0O0 American bushels,
according to official figures made pub
lie to-day. Reports to the govern
nent show $4,000 afrcs planted to
corn this year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Paris Market Steady

PARIS, April 23.-Prices were
steady on the Bourse to-day Three
per cent centes Of francs. Exchange
on London GA francs 80 centimes. Five
per cent loan SO francs IS confines.
The dollar was quoted at 18 francs
63 "a Confines
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Exchange Firms Act on Replogle

Several important Stock Exchange
FIRMS notified their customers yester-
day that they would accept no selling
orders in Replogle except the seller
had the actual stock to deliver. And
MANY houses insisted that when long
stock was sold it be bought back by
the same irm or broker who originally
sold the stock. This action was taken
in the belief that a large short in
terest was experiencing difficulty in
covering it's contracts, and that
further short selling might complicate
that situatiOn
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Dividends
Stock

Acadia Mills Of Observation-Disclosures have
declared stock dividend OF so per cent.
MOnomac Spinning COmpany-A stock
dividend OF 100 per cent has been de-
clared.
Extras
Edison Electric Illuminating Co.. of
brocktou-An extra dividend of IS q share
mas been declared in addition to tho
gular quarterly dividend Of SO a share.
both payable May l to stockholders OF
record April 80.
Regular Declarations
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
London Money Market

LONDON, April 23.-Bar silver 691Ad
per ounce; bar gold 106s; money Az
per cent; discount rates. short bills
57s per cent; three months bills 65s
per cent; gold premiums at Lisbon
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
American Locomotive Orders

Orders taken within the last six
weeks by the American Locomotive
Company, it was announced yesterday,
bring the total business on it's books
to we'll over 100000 compared
with $7,862,157 at the close of 1919.
Operations are now said to be over
SO per cent of capacity, contrasted
with the 1914 per cent five months
ago and about 80 per cent in the first
quarter of 1920. 1t is expected they
VIII be increased to between 70 and
so per cent within the next six weeks.
Figures of quarterly earnings have not
yet been published, but it is under
stood they failed to keep up with last
Near's rate
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Money and Credit

1nasmuch as call money loaned after
the close on Thursday at 10 per cent
it was believed in some quarters that
yesterdays renewal rate would be
higher than Z per cent, but this was
not the case. The rate held at that
level all day. Some brokers reported
the placing Of time loans for periods
running from ninety days to six
months by interior banks.
The ruling rate for money yesterday,
compared with year ago, follows:
Yester- Year
Call money: day. ago.
On mixed collateral. 7 5h
On indust'l collateral 7 6
Time money (mixed collateraD:
Sixty days ........... 1882 1906
Ninety days. ......... 8M81a 5% M6
Four months ......... 8lD81a 5A as
Four to six MONTHS. . 8@81a 5%@6
Bank Clearings-Bank clearings in
New York and other cities yesterday
were:
New York. .. $948,615, 496 39,990,445
Baltimore. 15,245,984 6,718,051
Boston. 69,578,947 2O,549,674
Philadelphia. 84,6a5,914 1S,253,oe6
silver-London, 89hd; New York,
$1.1S; Mexican dollars, 89%c.
ub-Treasury-United States Federal
Reserve credit balance, $80,795,524.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
In Wall Street
The Selling and an Explanation

According to story current yes
terday among bond dealers, the sen
sational break in Liberty bond prices
this week was engineered by powerful
stock market bears for the purpose Of
depressing values on the Stock Ex-
change. At least one prominent bro
kerage firm was said to have been a
outset of the break. The subsequent
recovery in the government war issues,
bond dealers said, showed the market
had been badly oversold. The fact that
the 8 1ss and the Victory notes, which
were little affected by the sharp de-
cline, also remained Indifferent to the
subsequent recovery, it was pointed
out, tended to indicate that the break
in the other issues was to a large ex-
tent artificial. Bond dealers believe
the object sought was to convey the
not justified so far as the Liberty is
sues were concerned In yesterdays
selling wave brokers said that the eff
forts of the bears were concentrated
mainly on Steel, and one house, which
was believed to be acting for q we'll
known operator, has four brokers
around the Steel post at one time.
Lackawanna Steel Again Holds
AS on the preceding days Of the
week, when the market was under great
selling pressure, Lackawanna Steel
stood up against yesterdays last-hour
drive in way that caused more than
the ordinary amount of comment.
Shortly after the noon hour the stock
moved up to 1878, a new high, on the
current movement, and in the later re-
action failed to get below Thursdays
close The net gain for the day was
2 points. Despite recent denials that
the company would be taken into an
Independent steel combine, including
the Youngstown, Sheet & Tube and
Inland this story was revived: An,
other had it that Replogle, Midland
and Lackawanna would merge, and, ac-
cording to still third tale, Lacka-
wanna was going to be taken over by
steel company whose stock is listed
on the exchange. Apparently the com
pany referred to was Bethlehem, but
the latter issued an official denial. AS
matter of fact, about the only steel
company that has not yet been in
cluded as possible buyer of Lacka-
wanna is Cruclble.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
To Declare so r. C.. Dividend

Directors Of tho Acadia Mills have
votsd TO increase the capital stock
from $4,000, 900 TO $4,000, 900 The new
shares authorized will be distributed
in the fern Of 80 per cent stock div
xsn4 ~ holders OF record april Ell.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Cotton Statistics

Yes Last Last
Port receipts. 25.2s7 1924 $3.50
Exports 54ss.s5s $685., sol s.soi.2ss
Port stocks. l.2a5. ssl 1.lsl.52a 1852 -
Int receipts.. 1880 1855 $50
Int. shipments. $50 1l,70l 1850
n. Y. arrivals. - So =
Liverpool cables-spot cotton dull at
16 points advance; middling. 26.lSd. Sales
3,0O0 American 2.000 Imports LOCO.
none American. Tenders. new docket. 1000
bales. Futures opened quiet but steady.
at 5 to 20 points advance Closed easy. 1t
II to 26 points decline. May. 24.5ed; July.
4.22d: October. 23.57d; December. % SD:
January. 225Sd Manchester yarns and
cloths dull
CEREALS.
Wheat-Prices We're a trfe lower yes'er-
day owing to the recent action by tho
Grain Corporation. which gives mills the
privilege OF selling the grain they has
originally bought from tho government
agents This seemed to give the marks
ltttio more elasticity. although SONS
good authorities figured that tho mills VII
not have more than 5000 200 TO 10, coo .ooo
bushels to sell. number OF foreign buy
ers have visited the local market withn
the last few days trying to make pnf-
chases. Another factor in the situation
which many believe win have a tendaaay
to advance prices is the crop outlook
COrn--Thc market was active and " 'csS
moved fevershly over range OF 10
cents a bushel. closing ar tho lowest Poir:
OF the day. with net losses OF NC TO "sc
Several prominent operators have assumed
bearish position on the market ana We'~
large sellers Their principal areunAr ~
are that the financial situation tho couhkSS
over Is not In favor OF holding grain ~
the farms. and that present prices are ste
above n profitable feeding basio- They ass
sumo that as soon as farmers can move
tfeir grain they will soil freely ana oankP
will call loans on the farmcr1s which VIII
neocssitate an extensive liQu0atang move.
mont Transportation facilities hAye noe
improved materially. however, en6 70.
cslpts - primary points were ltu1e QAsA
markets we're rather heavy neSere1e&As
tusssiausd o. saut paoee "
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
The Dollar in Foreign Exchange

Francs and lire broke again yester-
unchanged. The decline in British
currency seemed temporarily halted,
after it lost nearly eight cents in a
week During the week before last
sterling climbed to above $4.06.
Yesterdays rates, compared with
| those Of a week ago, follow
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Declarations
Period
Stocks Elk Dividend

pr. z. Burns Bros pr. ........... !
pr. "a General Cigar. /
pr - Pncino Coast Co. lat pf ..,..
pr. - DO ga Observation-Disclosures. !
Pr ~ nSpupIlc Iron d SeeAIts ,vs..s !
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-24
Southern Spot Markets
steady. so points lower at &
2,206 bales. New Orleans quiet.


steady. so points lower at 42c; sales.
2.2O6 bales. New Orleans quiet. 25 points
lower at Al 25c: sales 637 bales. Mobile
nominal. unchanged at Ale; sales NIL
Savannah nominal. unchanged at 4i-75c;
sales nil Charleston steady. unchanged 4.
40 soc: sales nil Norfolk quiet. unchanged
at 400: sales. 26S bales. Augusta steady.
at II points lower at 4oSsc: sales. 40 bales.
Memphis steady. unchanged at 42c; salesf
500 bales. ST. Louis steady, unchanged
at 41.50c: sales nil. Houston quiet. 30
points lower at 41.5oc; sales. ss4 bales.
Little Rock quiet % points lower at 4@c;
sales, 2b3 bales. Dallas steady. 60 points
lower at 4l.45: sales 1850 bales. Mont
gornery firm. unchanged at 4lc; sales n.i.
Fort Worth steady 25 points lower ct
41.25c; sales, 400 bales
The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-07-23
A NEW RIG UNDER
AN OLD NAME

Railroad people have brought out
new kind of automobile and hand
car. We don't know what they call
it but when you get rear viewof
one on the track you will say it is
an automobile. When you get the
front view you will think of hand
car with canopy, and the side view
will suggest a cross between hand
car and jitney.
Not many years ago the old hand
car was pumped" by man power,
was motorized, and the section hands
rested while they went to and from
their work. 1t was expensive to
build, but economical to operate and
to keep in repair Now they have
developed it still further by placing
seats on it, and an automobile cover
and windshield. 1t runs like the
dickens, and is the embodiment Of
the Chinaman's "No pushee, no
pullee, etc."