davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1920-01-29
VICTORY NOTES GO :
TO NEW LOW PRICE
Sales Heavier Than Other Is
SueS-Govcrnment Buys
on Decline.
LIBERTY BONDS IRREGULAR
Foreign Securities Also Heavy-Cor-
poration List Is Dull but
Steady.
LIBERTY BONDS IRREGULAR

Heavy selling Of Victory notes, which
depressed them to new low prices in their
history. was the feature of the market
for United States war bonds yesterday.
The AZ per cent series sold down to 9S.16,
while the 32i per cent series went to 9S. Is.
For the first time since the notes have
been listed the sales of Victory Az per
cents were heavier than those Of any Lib
erty bonds, not excepting the Fourth AIS,
although the volume of the latter out
standing is much larger than either Vic
tory note issue. on the decline in Victory
notes the government was a buyer yes
terday to support the market. Hereto
fore it's support has been rendered more
particularly to the Liberty bonds
Liberty bords were irregular. Fourth
4As. which as a rule have been more
sensitive to selling pressure than others,
were relatively firm. Moreover the vol
ume of bonds sole was consider bly,
smaller than usuel. Apparently liquida-
ton of these bonds has run it's course. for
the time being at least. The Fourth AZ IS
registered a small net gain for the day.
Third 4A's also moved up little but
other Liberty issues sold Off First Az IS
sustained the maximum decline closing
"a cents lower on the 800 bond.
The tone of foreign bonds also was
heavy, but declines were limited to frac-
tions. United Kingdom 5k's appeared to
be under pressure. dropping to a new low
for the movement. They now are selling
at nearly the lowest prices in their his
tory.
Corporation bonds were dull but steady.
There was some activity in United States
rubber per cents and in United States
Steel sinking SIS. United States Realty
ss were strong feature. Railroad bonds
were quiet and moved within a narrow
range.
Sales Of railroad, government and mis-
cellaneous bonds yesterday amounted to
Nl, $4,000. as against 81, $4,000 on Tuesday
AND Sl2 10000 on Monday. Following are
the sales in $1,000 (prices are "and inter-
esf').-
The New York herald., 1920-01-29
ACTIVE SELLING
M.H0G MARKET
Pronounced Weakness Dis
played Under Pressure from
Stockyard Interests.
VERY SLOW CASH DEMAND
Receipts Moderate at Chicago-Total
for All Western Points Aggre-
gate i43,OcG.
VERY SLOW CASH DEMAND

The market for hog products displayed
pronounced weakness throughout the day
under active selling credited to longs ana
stockyard interests. Lard was particu-
larry weak, and there were complaints OF
a very slow cash demand and weakness In
the cash situation. The hog market was j.
or % cents lower and. while receipts at
Chicag go for the day were moderate, there
was a liberal carry over from TUESDAY
Receipts of hogs at Western points for the
day aggregated $4,000. including 1900 at
12.OG0 at Kansas City and l4,0o0 at
Omaha.
Pork steady; mess, s4 $40; family, s5a
a $50; short clear si3 a $50. Beef quiet:
mess. sls a SIS; family. s22 sa; packet.
Sl7 $19; extra India. mess, sH Sio. Hogs
firm; bacons, 325sc.; 40 lbs. 23isc.; pigs.
23bc. Bellies steady; picked clear. l0-l2
lbs, sc. dry salted, clear. 1870 lbs. 22i4c
Greases barely steady; yellow. lS n 13a4c-;
choice house. 13c. i3isc. Picked hams
steady; regular. 1912 lbs, IAsc-; skinned,
1920 MS, 229sc. Tallow barely steady; city
special loose, 1910. Lard weak; Mid
die West. So. % 1855. City lard weak;
quoted, c2a,c. a 227sc. Refined lard easy
Continent, $3.50; South American. $S.!S;
Brazil kegs, $e7.75. Compound barely
steady: quoted, 25c. 26l2c. Stearine dun,
city lard stearine, Sic; olee, 2lisc. &c.
CHICAGO PRICES.
The New York herald., 1920-01-29
CURB OIL SHARES
IN SHARP DECLINE
Selling Follows Drop in British
PriceS-lSsues at New
Low.
INDUSTRIAL LIST STRONG
Moderate Gains Registered-Mining
Shares Steady Bonds
Hold Firm.
INDUSTRIAL LIST STRONG

Sharp declines In the more prominent
independent oil shares were the feature of
the trading on the Curb yesterday. The
selling in these stocks followed the an.
nouncement OF the lowering OF the fixed
price for petrols by England. In the final
dealings many stop loss orders were
reached. which caused the quotations of
most pressure throughout the session to
close at the days low levels. The extreme
weakness occurred in Gilliland Oil. which
suffered loss of ~ points, selling to a.
General Asphalt sold from 11sA to rl4s..
and declines Of one point or more were
recorded in Simms Petroleum, White oil
and Dominion on. Houston Oil sold from
15 to 120 and Home Oil dropped 70 a new
low ut 8.
There was strong tone in the general
list of Industrial shares and moderate
gains were shown in several issues that
had latoly been in supply by small holders
American Safety Razor more than recov-
cred an early decline of 4 OF point and
in the afternoon dealings rose to 14ss
British American Tobacco coupon stock
advanced fraction, to 20. General Motors
ranged from 31is to 22is and Perfection
Tire sold from 5A to 5A. Delatour Bev-
rrase appeared IN the trading after a long
a absence in response to the declaration OF
an initial dividei of per cent.
Mining shares held steady but without
any movement OF material Importance In
the days dealings. Rand Mines sold at
401s to Al and De Beers Consolidated was
unchanged, selling at 42l5.
In the bond department first trading oc-
Cured in Kennicutt Copper new z per
cents. with sales at 9ss. Belgium govern
ment 6's held firm, while declines of one
point were made in Russian government
external issues. Big Four 6's, Copenhagen
515's and Swiss government 5k's.
The New York herald., 1920-01-29
SAVAGE ARMS DECLARES
EXTRA DIVIDEND OF SIS

Directors of Savage Arms Corporation
yesterday announced an extra dividend of
s. a share and the regular quarterly
dividend Of s1.5o on its common stock The
regular quarterly dividend Of IL per cent
on the first preferred and IL per cent on
the second preferred also was ordered
paid
In its preliminary report for the year
ended December 81, 1918. the company
shows a surplus after charges. oil taxes
and preferred dividends of sl.4966s4 That
Is equivalent to sl9.2s share on the COM
mon stock now outstanding. IT compares
with a surplus of 81 .396 275, or sl6.19 share.
on the outstanding stock in 1918.
Total earnings OF the COMPANY after
depreciation, maintenance, ordinary taxes,
&C. totalled s2.o33122. That compares with
s., $50. III before such deductions In 1918.
The New York herald., 1920-01-29
WHEAT MARKET
REGAINS STRENGTH
Minneapolis Up Five Cents
Bushel-KansaS City Also
Firm.
CORN HEAVY AT CLOSING
Receipts Small at Primary Points
Narrow Price Changes
in Oats.
CORN HEAVY AT CLOSING

The wheat market showed a further ten
dsncy to rally from the recent weakness
and prices in Minneapolis were up Sc.
per bushel. making a total advance Of
loc. during the last two days. Kansas
City also was firm, with prices unchanged
to &c. higher The demand. however, was
SAID to be slow, and millers appear to be
having difficulty in making more than
moderate sales of flour. Opinions differed
on the true status OF the situation and
While some' authorities admitted that the
demand at the moment Is poor, they de-
clared that there was nothing to indica te
any increase in The amount of good mill
ing wheat available, and predicted that
before another crop is harvested higher
prices VIII be experienced. Others how
ever. said that the domestic trade is filled
up with flou. and that the export outlet
has been materially reduced by the weak
ness In foreign exchange. Some also as
sert that there is plenty OF wheat in sight
in the leading exporting countries TO sup
ply all of Europes needs until another
crop is harvested. and that the chances
are against high prices pending the re-
moval of government support on June I.
The corn market was inactive and
heavy. closing with net losses of i5c to
&c. Receipts were small at primary
improved. At the same time the condi-
tons In the East were. if anything, worse
than they have been, and Western dis
tributors We're having difficulty in MAX
ing sales. Chicago reported that num-
ber of the outside points which have re-
Gently been overbdding Chicago appea rod
to be filled up. This lack of demand .
the cash markets an easier tone, and some
authorities were disposed to believe that
the present period Of duiness might be
the forerunner OF weakness in the whole
situation. The local cash market was
steady; No. yellow quoted at $1.72; No.
mixed, H.1, cost and freight New York,
twenty days shipment.
Price changes in the oats market were
extremely narrow with the undertone
slightly easier. closing sc. to Ac. net lower.
Export demand was lacking and the weak
ness in exchange was against large opera
tons Cash premiums held very firm
however, and shippers could see little pros
pect OF any accumulation owing to the
fact that very large amounts have already
been sold for shipment abroad. In the
local cash market No. white was quoted
at 1.0lh; No. white, s1.01; No. white
sl.00; No. white. 99c.. all elevator.
Rye market dull. No. Western, s1.Sik.
free on board New York.
Barley market firm. Feeding $i52;
mailing, sl.61 to S1.65. free on board New
York
Buckwheat market dull. Milling, s3.25
nominal. 100 pounds.
Hay market quiet. No. 1, SLID to s1s0;
No. 2. sl.65 to Sl.70: No. 5, s1.50 to s155
shipping, s1.35 to $l.i5.
CHICAGO PRICES.
The New York herald., 1920-01-29
ITALIAN TRUST COMPANY
ELECTS NEW DIRECTORS

AZ the annual meeting OF the directors
of the italian Discount and Trust Com
pany yesterday the following new dlrec-
tors were elected :--Challen X. Parker and
John j. Lewis. vice presidents. and Arthur
r. Hatcher. assistant vice president, all
of the Guaranty Trust Company. Mr..
Parker will serve on the Executive Com
mittee of the company. At the same meet
ing Pietro Rocca was elected assistant
secretary.
Gaetano Basutti. vice president and d.
rector OF the company, resigned. TO as
sumo the duties of managing director OF
a new banking institution being formed in
Rome. Mr.. Biasutu Will sail for Italy
tomorrow.
The New York herald., 1920-01-29
EGGS.

Receipts, 9,7s9 cases. Fresh gathered,
extras, dozen, &C. &c; extra firsts. &c.
a 65c firsts, &C. a 63c.: seconds and poor
er, 55c. a 6lc.; refrigerator. tirsts, charges
paid, Sac a 55c.; seconds. 4sc. $3.50; under
grades 30c a 47c; checks, &c. Csc. :;
State. PENNSYLVANIA and nearby. Westerhr
hennery whites. extras, 1Sc. a s0c.: firsis
to extra firsts, 70c. 71c.; gathered whites.
firsts to extra frsts, 70c. a Tc.; under
grades. &c a 69c.; Pacific coast, whites,
express. extra firsts to extras. 7ic. a Soc.
firsts, zoe. 72c.; other Western and South
ern gathered whites. 6oc. a 75c., state.
Pennsylvania and nearby, hennery browns,
extras, Csc. a roc; gathered brown and
mixed colors. extras. e6c. &C; firsts to
extra firsts. 63c. 65c.
The New York herald., 1920-01-29
COFFEE MARKET.

Yesterdays coffee market appeared to
he strictly a local affair. with trade in
terests operating on both sides OF the
market On the call prices were II to 10
points lower due to a decline of 900 to 375
reis in the Santos futures market and to
the continued unsettled and lower for
eign exchange market During the morn
ing the values sagged off under pressure
of near month liquidation, but rallied
early in the afternoon on reports that the
Santos futures market had steadied con-
siderably. but pressure from a promi-
nent trade concern started prices down.
ward again. tho close showing net losses
OF IL to 13 points
Outside interest in coffee is still lacking
and there are those in the trade who be-
lieve that the manner in which Brazil has
acted regarding the sales of government
holdings will force the local market in a
rut There were very few firm offers
reported yesterday and the local spot
market was generally quiet at unchanged
prices.
The New York herald., 1920-01-29

Calling or loans IN anticipation of gov
ernment Withdrawals today caused tight
ness of money in the call loan market
yesterday. Rates for both choice mixed
collateral and all industrial securities adj
vanced to II per cent
Many banks called loans during the
morning, and in most instances declined
TO renew time loans that matured. The
latter borrowers were then forced to turn
to the call money market for funds
Renewals for both kinds OF collateral
were made at s per cent. Demand was
large. and the rate advanced steadily dur
ing the afternoon to 10. 12 and "a per cent.
Final transactions of the day were made
at II per cent.
Bids of from sh to sik per cent were
made for time money. But even those
high rates did not bring forth much money.
The rate for prime bank acceptances and
call loans on choice prime bank accept
ances was unchanged.
The New York herald., 1920-01-29
OILS AND NAVAL STORES.

Refined petroleum was unchanged
Standard white, New York, export. bar
rels. s21; do. bulk. ;ii; do. cases. 81. '5.
Water white New York, barrels, s22: do
bulk. SIS; do. cases. $26.75. Motor gasolene,
garages, osikc.; consumers, Sizc. tsteel
barrels) Linseed Oil.-~Stricuy pure, gal-
Ions Of 7lk lbs. in barrels, $L93 Calcutta
OIL sol.
The turpentine market was firmer yes
terday In sympathy with the South. al
though there was only n moderate in
qury. Rosu and tar were unchanged.
Spirits turpentine. machine barrels. si.e1
and kiln, $3.50 a SIS. Rosin.-
Common to good. strained, si9io B. sl9.l5:
ID, sl9.&: L, 1890: +. 1910; G., sl9.i5; VI.
$40 20; I, $3.50: *, so; VI. s2l.55; N. s22;
VIC, Ss3.25 and WV, $3.50.
The New York herald., 1920-01-29
INTERNATIONAL PAPER COMPANY

1NSOI1DATED MORTGAGE y.
sINkING FUND CONVERTIBLE BONDS.
The Eauitahle Trust Company OF New York.
suc cessor TO Colonial Trust Company. as Trustee
Under intorna tional Paper Company Mortea ge
dated January g. 1909 hereby Invites offc.s 60 the
sinking Fund for the sale of bonds issued under
snid mortgnge. TO eNhaust the sum OF Two llnn.
dred and Niuctynine Thousand. -Four Hnndred
Thirty-six Dollars and Five Cents 1920. 436 Ool.
Bonde offered at the lowest prices viii be given
preference.
Sealed offers will be opened at the office ofsshe
undersi igned. No. 81 Wall 81. New York city. at
~ o'clock noon. on February 2, 1920. and should
be indOrsed "Offers for the Sale ut Bonds TO the
international Paper Company sinking Find.
The right iH reserved 20 reject any aud all OF.
rue EQUITABLE TRUST COMPANY OF NEW
Nv LYMtN. .BHoAnEs. vice President.
Vow Work Iunrarv :. mo.
The New York herald., 1920-01-29
N. D. MAHER ELECTED HEAD
OF NORFOLK & WESTERN RY.

PHILADELPHIA. Pa. Wednesday.-N.
d. Maher was today elected president of
the Norfolk and Western Railway Conn
pany. At present he Is regional director
of the Pocahontas region. lie begins his
new duties on March /.
L. T.. Johnson retired as president and
will become chairman OF the Board. WILL
lam G.. MacDowell. vice president. In
charge Of finances and accounts. was re-
'icved at his own request after forty years
Of service lie will become assistant to
the president ...-..-..-..-...-.-- .
The New York herald., 1920-01-29
COTTON STATISTICS,

Liverpool cables:-Spot cotton in more
demand at 81 points advance on the basis
of Il 9jd. for middling. Sales 5000. ,Ameri-
can 1000 Imports 5000. none American.
Tenders, new docket. 1900 bales. Futures
opened steady at Z 10 IL points advance.
Closed firm 80 to 20 points higher Jan
uary, 27.64d: March. slid; May, A.7id;
July, q. SD; october, q. Esd.
The New York herald., 1920-01-29
GOVERNMENT SECURITIES.

Following were the closing bid and asked
quotations for United States ana foreign
government securities on the Stock EN-
change yesterday. To these prices ac-
crued interest is to be added. Bonds In
default are designated as dealt in flat =
The New York herald., 1920-01-29
LARD.
BUTTER.

Receipts 1854 packages. Creamery.
higher than extras. lb.. 62i2c CSC; extras.
90 score. &C.; firsts, 80 to 81 score. 6oc. a
e1kc. firsts, IS to SO score, 5Sc 90 &C.
seconds, Sc. to 81 score. 55c. 51hc. lower
grades. SIC. a sac. held, higher than ex-
tras s2c. a 62l2c.; extras, 6lc a 611sc;
firsts, SHE 6oc.; seconds. SIC 5lc;
unsalted, higher than extras. 65l2c. Csc;
extras, Giikc a Csc; firsts, Coo. a 6ic.; Sec
onds, sec a 5ec.; state dairy, tubs, finest
e1c a e2c good to prime, 5Sc. a 60c.; com
mon TO fair. 4sc. a Sc; renovated, extras,
SIC: firsts, 55c. a &c.; imitation creamery.
firsts, 49c a Soc; ladies. current make.
firsts, i6c 47c. seconds, 4S'9c. Ac..
lower grades, 4oc 43c.; packing stock.
current make. No. !. i3c.; No. ?, lI2c. IL
&c; lower grades, S9c. a 4lc.
The New York herald., 1920-01-29

Sales of Liberty bonds on the Exchange
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., 1920-01-29
ALLIED EXCHANGE
AT NEW LOW LEVEL
Weakness Due to Heavy Liqui.
dation Here-Cerman Marks
Advance.

Allied exchange again yesterday broke to
new low levels, while German marks made
a sharp recovery.
Weakness in allied rates was largely
due to heavy liquidation in the local mar
ket by London, Paris and neutral cities.
At the opening of the market yesterday
sterling broke in London under heavy
selling. Francs and lire declined in SYM
pathy. Tho break in London precip!tated
a selling movement in New York.
Sterling sold down to S.49ia. 41a point
break from the low recorded c'uesday. A
slight rally at the close caused the rate
to advance to 3.51H, which is net decline
of 31a points.
French francs broke 46 points, Belgian
francs 40 points and lire 10 points, Belgian
francs, which ordinarily sell at higher
value than French francs, are now much
lower. Belgium is genera considered
the stronger of the two countries from an
after-war position-that is to say. BEL
yium has recovered more quickly from the
effects Of the war than has France and Is
nearly on a normal basis. Foreign eX-
change brokers think there is some ex-
PLANTATION abroad for the difference in the
rates, but what that newS is is not known
here.
German marks, which Tuesday sold
down to los. sold up to 1.25 yesterday, a
net gain of II points. Strength in German
exchange was principally due to covering
by shorts, aided by news from Berlin that
the German government is coping with the
present situation. Another factor was news
dispatches quoting government officials as
sa ying the worst has happened and that
Germany will, soon right itself. Austrian
kronens were little changed and inactive
Neutral rates generally were strong.
Scandinavian, Spanish and Danish ex-
change made sharp advances, while Swiss
rates were heavy.
South American exchange was firm. Aus
tralan sterling declined to new low levels.
Other Far Eastern rates were practically
unchanged
Following are the rates quoted on the
principal foreign exchange markets at the
close of the regular hours of business yes
terday:--
The New York herald., 1920-01-29
ACCOUNTANTS.

,he Federal Trade Commission IN connection
with its continuous work basic Industries needs
n number OF senior accountants Tho work
braces both financial and cost accounting 4
minimum engagement of about five mopths Is
eCntempla;ed = personal iut rvicw NAV be had
with tho Commissions representative at the New
York office OF the Commission, - West 3sth 81,
Z I'm floor. on frid or saturday, January 30 and
-, from nine to five @ clock. - immediate
pIoymcnt Is in vcw & would be advisable for
= pplioauts n hrn- with them uny letters OF
recommendation and other evidence Of qualifica-
tons thty may desire submit.
FEDERAL TRADE COMMISSION
Washington. u. e.
iliE Farmers aud Merchants NsIionai Bank
located ~ Roswell. Ia the state Of Oklahoma. liz
Z losing its affairs. 81 note holders and other
rrehitors of the association are therefore hereby
nntified 20 present the notes and other claims
sOr payment
2. TRBY. Cashier.
The New York herald., 1920-01-29
YIELD OF LIBERTY BONDS.

Approximate investment yield Of Liberty
bonds at the close of the Stock Exchange
yesterday is published below. The issues
are arranged according to the yield
The New York herald., 1920-01-29
DIVIDENDS, MEETINGS. &C.
HERCULES OIL COMPANY

Directors Of the Hercules Oil Company
have annornced initial dividend Of 31t
payable March II to stockholders Of
record February Is, 1920.
The New York herald., 1920-01-29
COMMODITY PRICES.

Following were the closing prices Of
commodities yesterday. comparison being
made with Tuesdays prices:-
The New York herald., 1920-01-29
HERCULES OIL COMPANY.
PRESSED sTELL CAR COMPANY.

New York, Jan. =, 1870.
PREFERRED DIVIDEND 40. 81
A quarterly dividend Of Que Dollar Sevsny.
2 1920. 10 Preferred Stockholders Of record at
tho close ~ business Fc'N-unry 10, 1920.
COMMON DIVIDEND so. 3s.
4 quarterly dividend Of Two pol,rs ls2 oo) rer
share win be paid March 10. 1920, TO Common
February IS 1920. - . .,.,,--,
SUBMARINE ROiT CORrORATION,
A semi annual dividend 81 fifty cents per share
has this day been decilrod on the outstanding
Capital stock Of Suhm lrinc Eoat CORPORATION. pay
able February 9TH 1920. to stockholderS - record
al the close ~ business on Jauuary 81, 1920.
OF Voting Trust Certificates must exchange same
for stork at bankers Trust Company. 10 Wall
street. New York City in order TO receive above
dividend - -
HENRY u. CARsE. President
The New York herald., 1920-01-29
BID AND ASKED PRICES.

Following are the closing bid and asked
prices of stocks in which there were no
Yesterday
The New York herald., 1920-01-29
BUSINESS OPPORTUNITIES.

~---~~-~----~~-->-~-------
AGENCY Tor England British textile agent *
prepared 90 act buyer 20 E1cand for Ameri-
cen stores; we'll acquainted with rkets. Box
1873, Dorland Agency, 10 Regent st.. London. Eng
land
Bt"tDER wrn's ra~ tner with so 600 or 100000
ca p can double it in two years. H.. box ..
Head B-ocklvu
COMMERCE. J. garage and repair shop for sale.
1aNi0i. doing canqritv hustnpsSs Nau-
haitian Bridge. 80 Prince at. Bro1tlvn-
FOR SALF--Comp,is les on bakery and luncn octn
IN hest section 80 Fl1thrsh: big opportunity Z T
the right rartv lrouire to ) ?. VI. room SO.
nc West Rro1dway
have Ss.Cc0 10 invest; wholesale business pre-
ferred: must stand inveStigation. INVESTOR.
300 Herald.
LADY plftner with s2.Ooo-s3 900; grRndest cpror-
tunity: refined profession. tremendous profits.
Call or write ROHRER. lie West AID.
PARTNER wANrFp WITH IS 600, FOR TILM
BtrSfNFSS GREAT PROPOSITION FOR
RiCnT Party. + W. as HER 'LD.
WANTrp-t -tct've lady or gentleman partner,
With - 600. w ~ The worlds largest indus.
tries. money secured references. Box les Dow n
iowa.
The New York herald., 1920-01-29

lew York City Bonds.
Bonds,

Y City 4ia's, 1883. 100 100 100 |
y CITY 1l2s, 1868. 100 100 100 |
The evening Caledonian. [volume] (St. Johnsbury, Vt.) 1918-1920, 1920-06-25
ST. JOHNSDURY
Local News

Osman Hatch of Norfolk, Va, is
here visiting his mother, Madam
Hatch and his sister, Mrs. George
Greer the remainder of the summer.
MI. and Mrs Robert Ward are
soon to move into the tenement va
Gated by Mr.. and Mrs. Edmund 7.
Hamilton on Summer Street.
M. and Mrs W. W. Ladd left
Friday afternoon for Boston to visit
their daughter, Mrs. W. NJ Elmon-
stone.
Mrs. Harriet L. Lewis died at
Brightlook hospital, June %, afteT
IN illness Of pneumonia. She was
born in Bradford, IS years ago. For
several years She made her home with
Mrs Edwin Z. Sargent, and after
her death went to McIndocs to live
With her niece Mrs. Il. A. Kendall.
The services will be at CaldelwooI's
Chapel, Eastern Avenue, Saturday,
at 2 p. M, and burial at Mt. Pleas
ant cemetery.