davidaulloa/AmericanStories huggingface dataset:
Decorah-posten og ved arnen., 1920-02-24
Npoc &pre' WcrocnsmpOc.

Get a~mcrifu1ife Heoe &orS' So
neoItpre meo0clcr at oct bar oprl9pnt
Observation-Disclosures Tor De Sorctcbe Sta.
ter Ill Np0c SorS.SorcningerS Sigo'
meoe / @eui. Neoets Iubning er
Ialtiat til 20cn Warts. Dc ameri
ian'tc GeIegcrcoe er islgenoe:
GIiot @aoamorth, Boston; @i!.
lougbbp q. @aIing, Chicago; ga.
mliel Wntbcr, Otis =. Cutler o.
Ntra. @iuiom st. 0rapcr. Ncip g)orf.
Torman0eu / 2igaels Sopeoltprc,
DIR. Ncnrp !. Sapilon. meofulgte o.
Selcgcrcoe, ga De iorloo Atcp 9orf
Sn@oaA Den 2S0c Sanuar.
Gn HGffe plgtigc interilatlona!c
Sutoheos- % Sdritctsiper9smoo.
pil bli o~rcftet iart iinaniicue
Spergsmaol % Sc beoite Trcnl'
gansamaooer for Hsoe Gors. Irbei'
oct / Sreosti0 &eroen ouer err blanb.
De Sager, DC io~rifielige Sanbes Sor'
cnillgcr nil iremlGgge til @ebanb'
ling.
I'll &croensmsoet ueltes Selege.
reoe osiaa ira islgenoe Sanbe: Ir'
genilno, guitralier, @clgien, Sraj'
lien, Canada. China. Cuba, Gan.
mart, ENGLAND, Srartriae, 8rrfer
LAMB, Solano, Snbier, Stalien, Sa
pan, Norge, Ecru. Tolcn, Eortusal
Hum1nien. Serbien, Union Of SoutI
Iirica, Spauien, SweiiS, Sperige
@%ene5uela.
Decorah-posten og ved arnen., 1920-02-24

arltaltnlllger til en- iiarlig Spipl
belle az Fragfrebens Taragrai ..
men fsr't | 1877 Inffeoes Oct eitel
lllange anltrpnaeIier at iaa oct Iou'
befaleoe Intol HiesoagSmGno til al
lnloerltette Inbragen0et. ariigers
&ra't bar bruot oengung. San bap.
De oGret ipg oe iengeIiggenoe, me
ban piloe ben | 5inget. "a ba "a
gen font, lto6 ban Der ogiaa lon
Se1oerIpllunos Mnflngcr moo Ersi.
len. Sorilaget gop %anIeonin9 til ct
lanat Srbififte, bpori nogle al 5in.
gets betpoeligIte Mpn0 oeItog. Sen.
trunS 3srer, Den 0arnIe @inothorIt,
ertlGreoe nnoer 5orbnnolingell, at
ban rulot no anertien0te. at Ern9.
freoena G%araaraf ) gap Noroilespi.
gerne Ell Get; noor ban 0e5uagtet
life ltenlte for ariiQer5 Torilag, bar
oct, forol ban troeoe, at lloenrigsmi.
nelterlet NOT lfuIoe bclutte oct fsrite
paa'enoc 2ieblif til at laa Sa9en /
Crnen. Otter of iIere Ialere bapoe
toIt moo 6%orilaget, iii Statsietretrr
b. giilom Sroet for paa Heglerin-
gems %cgne at faitiln1, at Den enonlt
bao0e Den SpiatteIie al Sper9Smaa-
let, iom 5prit 9isnlarcf bapbe giort
~girloenbe 10 Mar ! Torueien, oa
arilger og IbImann itileoe ct 6or.
lag meo Senipn til Vragirebells 40.
ragrai 5 / oct norotpife 6orhlnos.
parliament.
SoaleoeS baooe Sen prolific He'
giering ielp peb eienta8ne GrfIprin'
ger itprfet gefolfninQen | oens gro
poa, at observation-disclosures mart
piIOe bare forbi. IGnne Optr9oen
ira Hegieringens Gioc bauoc itor
SnoilDoelie pna @eiolflltngcnS Solo'
ming. Gen unee Slr9t uooanoreoc,
ben plbre oenteoe / nuirfiom Saul.
n~to6igbco. Gigtigc Spgaper, lom
burhe % fllnoe bare oTret lott, ops
Iottc5 ira Im til 9lnr. Spptoingcn
ira De fsrlte Iar otter arigen funoc
life peopare. Ser inNtraaote eiter-
baouoen itor Slappelie. Men ga
bragtc Ell ltpentet 9egiOenbeo / Slut
ningen al 70.Iarele oct noroilespigs
lie Spergsmaal ino / en- M 8l9ns
&c. Get par SpbRpclien al Erag.
irehens Yaraeraf ), iont biotil bap-
DC ppret altbeiternmeloe for uoplf-
linQcn.
Decorah-posten og ved arnen., 1920-02-24

2s73 - Girls Dress. Cut in 4 sizes 3,
10. IL aud ID years. Size II will require
5s yards of - inch material. Price Toe.
2910 Boys Suit. Cut in 4 Sizes 3. 4,
> and @ years. Size 4 requires 8 yards Of
- inch material. Price 10 Cents.
29S2 Pleasing Dress for the Growing
Girl. Cut in 4 sizes 10. L., II and 1s
years. Size IL will require q yards of II
inch material. Price 10 Cents.
$3.50 A Dainty Negligee. Cut in 4 sizes
Small. 32-34; Medium. 36-3S: Large,
40-42, and Extra large. 44-46 inches bust
measure. 4 Medium size will require 81
yards of 80 inch material. Price 10 Cents.
3145 "A Simple Apron. Cut in 4 sizes
Small. 1924: Medium. 36-3S Large. 4O-42,
and Extra Large, 44-46 inches bust measure.
A Medium size will require 4 yards Of SO
inch material. Price 10 Cents.
1888 - Ladies' House Dress. Cut In
sizes "a. 80. 80. 40, AZ, A and 40 inches
bust measure. A medium size will require
5a yards Of SO inch material. The width of
the dress at its lower edge is about Il.
yard. Price 10 Cents.
29oT - ladies Shirt Waist. Cut in 7
sizes "a. SO. IS. 40. ~, a. and as inches
bust measure. Size IS requires 3& wards OF
~ inch material. Price 10 Cents.
Decorah-posten og ved arnen., 1920-02-24
Salat af Tiif.

&o9t eler itegt 6iif piles oper o.
tries ior Sfiu0 % Ben mems Siifen
er parm. I'll ell Eint Siif tagcr
man 6 Slipes loin er ifaaret op /
Strimler langsefter, en- Spiieife So
pers (Gopcrs), Ell SbeIfe repet 500.
70 Sbeifc Salt, en- Spiieite Gitron,
lat % Spiieifeer Slipenolic. Noai
Bette cr blalloet goot iammell bar
man oct ouer Siitcn og looer oct ioa
itaa pau ct foIbt Steo til oct lfal ier.
ucres. Set lrgges liooper Sola..
blade paa ct ilaot SAB % Iapon.
naIe "Ierpercs pco Sioen al.
Decorah-posten og ved arnen., 1920-02-24
Stans Sub nlcrtcrne.
oct rene, nntiieptiife ilpSenos
Ydbbel siper bicbliffsIis 2iubriug.

Der or en- iitter. naaIioeIig SebunSs
ling. iom IiUorer .leenoe Surtur % Sub
irritatiouer nGiien eiebIii!eIig % oereiter
Iinorer oe itnrter 0uoen.
6orIarg hos beil,eniombcIt Npotbe!ei
en- 35 Gents eIIer 500 Slate 3emo or
Guneuo BET Tom Gnoiit. Suart bill q
finoe uh, of Srritutioner. Treauer. &c.
5ena, Sinner, 8ingorm, "gloefbeobs
oe Iisnerbe 5ubbeioerIigbeoer oil for.
ioiube.
Qibt 3en1o. bette ACKNOWLEDGEMENTS
t;lfreb5itiIIeuoe ilpoenoe Riohel er air.
bnao Sc bsbeper. ba bet iorbrioer be
fIeite Subet os sisr 9uoen bIso, itGr!
90 iino.
S6e e. @. goie Co., glepeIanh, 8.
Decorah-posten og ved arnen., 1920-02-24
Torretnin8smotiier
Sruwn Guuntp, Suutb Safpta.

@t Organization er bIet oannet / Sim
Htoer Salep, Sroipn Gountp. SputD
9atota ar flere nprlte @enigbeber. ionr
tilbsrer Yaltor 8. 6~au9laubs aaIo {
Def Giemeo at itaa bort lutberlte &irfe,
Jolt bt, iom Tiger efter Siem paa npe
CRATER iaa De tnu fornn,e i Nerbeoen
al bore lutheriie &irter. Sc iom bill far
irrmere Seifeo tan benoenoe Jig iii 6.
T.. @dnscr, Srebericf, Soutb 9atota.
Decorah-posten og ved arnen., 1920-02-24

. Tr. 6erNiuono Sing, gp0e % me
NJ oictnff Toriutter / 9(ew Don't, Tiger
" bI. A., at yR9erue buuoe foreltrtue
mere Or9aujif Sern o. 9dIrateO ,>rou -
Tor inc Notleuter, % mOuioere, al
auaeriu Mlun9el poa Seru 49, CT ben
reriie Gorbanoelie ior Smobeoen. &tprs
ZEN, EtuStruiteu og Stloubeoen hos ben
mooerue GmeritanIte Npiuoe. Aouurer
mob Sru9er al metultI't Neru, Der Tan
iidoe lGnoerue. tortrre Otaueu % en-
bel &lliTIoer ocrueo 9lorc mere Stobe euo
Sam tiIrOooer @ui0sn Al Inn 9{urateo
,lror ta9et TIE @ouge bagli9 eiter Niauls
tioerue. Get pil iorege Stprte % llo.
bolbeubso hos lpage. u%erpSie, neobruNte
|erlouer. | mango SlltGlber iuoeu to
lloerS [io. STIecs al anc apoc
Tpptbcfcrc.
Decorah-posten og ved arnen., 1920-02-24
Granulerede 0ienlaaf,

Cine bet<ndts Era Of vere udsas for Sol,
Stov og Wind lindres hurtig If Murine Eye
Remedy. Smerter ikke-kun 0je-Komfort.
Hos Deres Apotheker eller pr. Post Soc pr.
Flsske. For Fri Boz ON Diet skriv til
oousiae Bye 0eaedy c., ebleags.
Decorah-posten og ved arnen., 1920-02-24
BUFFET 90 Kicffenet.
Gaae luuct meo bare ct 9Ga.

WuNt iuotS wv outN O. <eH.
en- Sop Suffer, = Spiieifeer goot
Scot, rs Sap INF Iilr Nclf, " Sbe.
tie Sooa, " Sbeife Batting Bomber,
ii9tet iammen meo ~ Sop Wel.
9Ggget pipes iao goot iom oct gaar
an % rsres berpaa op / Seotet %
Suffrret, iom or rert Iantmen, Der.
paa bar man Den lure WteIf i % We.
LET tililut. Wan fan laue Ell "Scing"
al ~ Sop repet Gbofolaoe Iom er
rert lamnlen meo "A &op Wtelf %
0crpaa bar iaaet eft Opfog. Wnn
rsrer 0a Ell Sop brilnt Suffer %
Iaoer Oct foee I'll oct cr iaa inf at
man, 1laar ma bar liot al BET op /
.olbt &anb timber, at oct itrar 6lir
iii Ell IiOen iait Slump. Mnn rsrer
"a en- Sbeife Smsr / % Il Sumo
VtaribnlalloD5 og ilaar BET berpaa
til Oct er tpft % iepnt. @piS man
pil fan man itege angen / Wtuffins
Tins % Icrpcrc Den parn % oa be.
bsper man ingen Sroitlng paa Den.
Dan fan ogloa ierpere &ngen BARN
meo noget SlagS goo Sauce til iom
Ell Fllooing. Gn Gbofolobe Saitc:
er ilomerfet iii Den % let of lape.
9bofolaoe Sauce: "a &op Suffer,
Ell SpiIelfe Mel % Ell toppet Spite
Ife Cocoa % en- lioen aIpbc Salt rs-
res goot ianlmen % BABES op / Ell
lloen Srpoe. Gn Sop fogenoe Sam
b9loeS / % oct foyer, til oct er tpft,
lnnocr itaoig Smrsren. Saa leites
8rpoen al Stopen % Ell SbeItc
Smsr reres, % iaa err ben feroig til
at IerpereS. Senne Saltce or ogial
.uonlertet goo til Gauilla See Cream.
Eotet.S nppe meo Sit.
&oppcr Melf, Ell liben gs9, ~
Sop repet Sit. Wielfen % Segen
baues op / Ell 8rpoe og faar ct Sp.
tog, lua tageS Ssgen op. &c liant
pebe Eoteter, Salt % Yeber bapes
iaa op / Melfen. Smsrct imelteS
irsreS Melet og Den fosenoe DteIfe.
masie bGloeS iaa beri iinoer itaoig
Smrpren. Set foyer 5 Wtinuter,
iaa bar man Ben repne Dit / % la.
Der Oct foge til benne er inlcltet.
Stalienif ajooret.
ct Illno Srefieo al 2aaret males
og lblanoes A Spiieifcer g%rsotrunl.
mer, 212 Spiieife repet Dit, en- re.
bet Sog, Ell Spiielfe finbaffct Ser.
lille, en- SbeIfc Salt, "a Sbeifc go.
prifu, en sggseblomme. alt bette
blanoes rigtig goot ialnmen og laa
iornleS oct Iom ilnaa &ager og oisie
iteges / goot Wabfeot buori en- i'm.
%ifaaret Seg fsrit er itegt. Naoc
aisofagerne er bruno, orpsIes 2 Spi,
~Ielfeer Wel oper DEM % iaa iteees DC
igien til oe err bruno. Sap en- 9op
fogenbe Sano / % en- aap Somato.
Sait og Lao set itaa % imaaiurre en-
Sirne eller lau, buorpaa y Sop fo9t
WafurOni bapeS /, 2 S~piieifeer repet
% Ell Sbeife Sult. Get foyer
oerpaa en- balp Cine og ieroere Der.
paa altIammen / ct SAB, iom Ell Sri.
tasIec.
Decorah-posten og ved arnen., 1920-02-24

AN'NfN~ f'AhNA'H ~ INN'N -
at De nil0c bcpnre lit onuifc llnoer'
IaatSiorholo, blcpct uopiitc, Ifisni
Greiicn / ionme IrcOstraftot bapoc
forpIigtct ii9 til life at ioruIempe
benz paa 4erion eler Gienoom paa
@run0 al Oere3 iric 8olg". Otter
Den frouif.tpife &rig Iegie Den 0nuife
Neqicrtng at ifuffe DC lnnoflpatige
Ssnocripoer oerc3 &et. 5 1872 III.
tie |reiicn fla piaig til at onbnc lin,
6erbanoIin9er ON SoaelL % De isr.
ties b~crcitcr / Nubcnraa mcllcw @e.
'ul6mPgtigcoc ira bcage Si0cr. He-
iultatct blcp ocn ~ioofaI0tc Nubenrnos
oDercn5fomit, Scr Qno Dc Senocrips
Der, DER paa Ioplia Wfon6e bnu0e
Oalgt 0nnif MISUNDERSTANDING ln0en
Den 166c 9topcnlber 1870, Hct I'll al
toae nariqt GpboIo / Smoeripuono
iom "onulfc llnocrinottcr" pnn Den
Netinaclie, at De life gap Anlcbnin9
Ill grun0coc %loQer. s tu'cnots
orod oc IonoiIp9tige SGnocriOocr M
hicmL aIooc opcr at Sc omiiocr bnpoe
inoet i'm Nct. Get bite lig imIoIer.
tio mart, at @earebct "%grunoeoe alo'
GER" nar mcAct e~IaltIif. Ger off finn
ooot OF bel ct 9lore Gio, inocn llb.
oiauiuQcruc al oe oouitc llnocrlant
ter / Sen0criuIauo after bcgutotc;
Oiaic3 Sitting bar / &irfeligbcoen
fuIOitUl0i8 retalo@.
Gn al De ieritc, ser rammc0e$ Al
lloui&ulng3or0rcn. citrr at Naben.
ronoperenafom'tcn bar %iilittCt, par Ell
lmg @nuroman0 poo Nla. Man5
T%orbrnoelic moo Vreilcr par Ben, at
ban / al StiIheo por rciit til &ipbcn
haprL boor BON hnpoe oucruGrct III
iIsrinQcn Al Grcocrif Ben Toes Npt
t~critotllc 0cn 6te SftobCr 1873 Wfn
ihlloc ncppc fro, DER flul0e in0oerl.
or3 noQct moo, at ban Iom onn'f
NorQcr 6cltoQ / ocnlc ,fcit, mcn life
oeS mIllorc Ut ban neo I'M @lenltomlt
Ororc I'll at iorlo0c 2onoct imocn s
Ougc. Nuua ll%bpi@nlnQ bIcp ilIqt
AZ Ell NTtic aIlorc ll9e loa bel''nll2'
lDic ser / Sommcrcn 1874 uottc ltor
Npltat % blcn boarnt '%oroanlte az
Den curoprl'tc, nonnll9 Den elael'te
Ere@lc. Sloerl ocr 40 er NcillQtl3'
Io2heocn moo De oon'fc llnoer'ootter
Mar Tor War bleuct 'tNrrc, llop13
nn8er1c mere olitoarll3e % llbrrc9-
nellgc. &c DANTE llnoerlaatter"
CNptolltcrnc) er blepet bort page
Tlintt % llontanlng3ororcn Sn'ter
mes bco'tc %noben | ocll rationale
@nnlp, loct lIQll lttr blot ronlnlcr
Ben cntcIte, men oa'oa Den Dante
NppolItloll | ocll2 Nclbeo glenllenl
l(out2nmQcrne, lonr ln1cn uco 'tG ut
Ter Tor.
! so Norertc hauoc Sel0criuoer.
ne Here Njonac oiuitct Taumnrf, %
0i5ic Ncip0 hauOc lsitrl StemuinQen
ca itnrtct Mnobct nm bcore Ei6cr.
Otter Sen rant tmfc Srio iortiat.
les @cipocnc. men mart bIonococ SET
preiIiifc Ioljtl ii1 puIoo hcri Unit
rriIruhr. lour nruntr hiru1 ira Can
mart. itcpncDeq / ,lorhrr. oa Roll
Decorah-posten og ved arnen., 1920-02-24
NUXATED IRON

7 u a u
o y q c
Den 2oins
DC. Der Ihdr
CD hob
al SernI
ut BLOB
patre.iuns
DC,
cApius
Der, tube
a I Si u,
Hnrctaas
fomhco %
yipstraft.
Decorah-posten og ved arnen., 1920-02-24

"Snsoetncr" SrmnNiner CT be beste %
bihi1ite | Sanstien. 10 Wars 1uranu tsIeer
uteo bier wnlilH. SfriO I'll "9ecorabsgptten.
efter adtuIpa.
New-York tribune., 1920-02-05

Sub-Treasury-United States Federal
Reserve credit balance, $52, 1864.
SiIver-London, 88Ad; New York.
$1.32&; Mexican dollars. $1.O2A.
New-York tribune., 1920-02-05
Market Slumps
UnderTOrrentO of
Selling Orders
Short Covering Helps to Sus.
tain Prices as Liquidation
Grows in Volume; Call
Money Reaches 25 P. C..

The stress of selling orders which
began to pour into the stock market
Tuesday assumed the proportions of
veritable torrent yesterday. Support
rendered by repurchases Of those who
had previously sold short in anticipa-
tion of the decline was in large volume,
but by no means large enough to pre-
vent sharp decline in prices. Neither
railroad nor industrial shares were
spared in the rush to get out from
under. Frightened spectators threw
overheard impartially. The turnover
was by far the largest recorded in. any
session thus far this year.
Long before the market opened tho
commission houses which for weeks
have been practically deserted were
thronged with security holders, made
anxious by the break Of the preceding
day or by the calls for additional
margins which had been sent out. Their
presence was a certain indication Of
OF the heavy selling that followed the
opening of the market, especially as
the wires from the West and South
had brought in selling orders from
ing to back their holdings with addi-
tional funds. The situation was eom-
plicated by the fact that some brokers
were not inclined to accept securities
for margin, owing to their inability to
borrow except at very high rates.
At any rate, the liquidation began with
the opening gong, and was still under
way when the session closed. 1t was
accelerated as declining prices brought
out stop-loss orders and so added to the
volume of offerings that the market
was called upon to absorb. At the low
prices of the day losses ranged up to
more than II points, with vecessions
OF from 3 to z points quite common.
But in spite of the big losses recorded,
the market was by no means demor-
allied. In fact. considering the extent
of the liquidation, the decline was
really quite orderly. This was very
largely owing to the fact that those
who had sold short took profits and
thus lessened the force of the down.
ward movement. Short covering un-
doubtedly averted a slump which other
wise would have been much more
but unfortunately it left the market in
q, weakened technical position at the
close of the session, in the opinion Of
brokers'. 1t was said that the short
interest now outstanding is Of rela-
lively small proportions.
Aside from the psychological effect
Of declining prices and Of tumbling
foreign exchange and commodity mar
kets, the shortage Of funds for specula-
tion continued as the dominating fac
tor. Money again renewed at IA per
cent, later scoring to Is per cent on
announcement of heavy impending gov
ernment Withdrawals. Time funds were
as scarce as ever, bids of 10 per cent
failing to bring out offerings.
The cotton and grain markets were
under great pressure at times and huge
losses were sustained.
Liberty bonds again sold lower.
New-York tribune., 1920-02-05
Niles-Bement-Pond Company
Profits Decline in 1910

Manufacturing profits Of the Nile..
Sement3Pond anaas 6d Company for the year
$4,897, ,661, falling off of $3,323.11S
from the preceding year. MiscellanaS
GUS income Of $652,2S5 was added to
that amount. bringing the total to S.
Expenses, taxes, etc, aggregated "a.
269,S22, & decline Of $3.50. S.468 from
the year before. avn
80 Net profits realized in the year were
$2,2S0 ,624, equivalent, after the nav.
ment OF preferred dividends, to s25. IA
q as share, par 500, earned on the S.
e0o, goo common stock. compared with
ss,slS,sSS, or $ss.aS share in the
Previous year. Holders Of the stock
shared $96o.8b1 in dividend disbursaA
m1ents. leaving q $1,S19,77S surplus. a
decrease Of $6o3. .48s from 1918. .
Sanford G. Etherington was elected
q director Of the company, succeedine
the Late S. D. Fitton. Other usGr;ns ret;r;n 3
6xsctors were reelected.
New-York tribune., 1920-02-05
In Wall Street
"what DO You Think of the Market7"

An official of high standing in lead
ing national bank who is far from
optimistic over the general outlook:
"Meny standard industrial stocks have
been forced down to levels where they
are selling below intrinsic values. But
that will not stop them from going
lower. Psychology is q great factor in
the securities market and YOU have the
mass Of people beginning to stop, look
and listen. 1t is time for caution.
Tho domestic credit situation, is moth
ing to worrw over. What is bothering
bankers and bi. commercial houses is
the international credit situation, We
are rapidly approaching cond'tion
which, will absolutely cut off all our
export business excepting in the case
of few essential commodities. | can
see not even climmcr of light on The
horizon. Of course the bottom of the
fall in exchange is bound to be reached
sooner or later. but the possibilities in
the mean time are not pleasant to con-
template"
New-York tribune., 1920-02-05
Stocks Elk Dividend

Feb FEB ~ . AAm-Ls France Fire Eng Temp. .
EeS EeS do "a pf. .........'.' II
Feb. 16Erookiyn Edison.
Feb 69f. Roch Pitts Ry.......
Feb ~ 10 p1 .....................
Feb ~ ~ Cleve q Pitts r guartd.... .
Feh DO special guaranteed. 49,. II
Feb. colorado Fuel & Iron. .......
Jan a. ~ DO pf q
Feb 81 Corn Exchange Bank.
Feb out'cn. 3 F.... /
Feb 1,liDo|psf do pf c:.;:; :.
Feb. 1sS nat harvester pr. IL
Fen zen Clearfeld Coal 4 I pf.
Feb. 10 pS,.York psW York DOCK ............. "
Feb 10 praoe aoelphfa Co per cent pf. ~
Feb rrossed Steel Car pf. .. Il
Feb Twin City Rapid Transit 49,. ~
Feb IA q Rubber. ex in com atook.. l3L
~ "oosWorth, r W,,,...,..
New-York tribune., 1920-02-05
The Shoestring Market

There still exist houses outside the
pale of Stock Exchange authority
where prices. not stocks, are traded in
times called "bucket shops Yester-
day and the day before were harvest
days for such concerns. Customers
who had been coaked into pyramiding
their long accounts on a shoestring
basis were caught in the swirl of fall
ing prices and sold out Losses sus-
tanned by clients in many such houses
on the break this week alone probably
run into hundreds of thousands of dol
lars. In most houses OF this kind
customers are not permitted to sell
stocks short. Such houses do not be-
lieve "in destructive operations"
New-York tribune., 1920-02-05
Paying the Piper

Margin calls that went out idte
Tuesday from Wall Street by the thou
sands did not meet the same generous
response from traders as was the case
on the big market breaks of last year.
The result, of course, was a great deal
Of forced liquidation. This was par
ticularly true whore traders were carry
ing the higher priced industrials. In
large wire house whose business comes
mainly from out Of town branches ad-
ditional margin was Forthcoming from
only about third Of the customers
who received the unpleasant news that
more money was needed from them TO
bolster their accounts. In other words,
two-thirds of the holders Of long stocks
carried on margin, who were asked for
more money, preferred to dump their
stocks overheard. The disposition was
to let go Of the high priced industrials s
and to hang onto the less volatile
stocks. 1t was selling of this kind
from a hundred and one houses that
contributed in a measure to the ger
eral market weakness. Margin clerks
were busy again last night. This
mornings mail will upset lot Of
people who up to yesterday had 7ot
been bothered by their brokers.
New-York tribune., 1920-02-05
United States Steel Common

United States Steel common lost IL
points net yesterday, closing at 1909
The high price for the day was 1924
the low 10Oh. At the bottom it showed
a net decline from the high of the
year of 81 points. Steel's high price
last year was 1151e, made on the rise
that eliminated in July. To the trader
who is looking for real action Steel
has not been much of an attraction
for several months. A canvass made
of the leading commission houses in
the financial district indicates that the
amount of Steel carried on margin is
small when the 5,OS3.2O0 shares out
standing are taken into consideration
Much Steel common has been bought
outright, and cannot therefore be dis
lodged by margin calls.
New-York tribune., 1920-02-05
Midvale Steel's Net Declines
Company Earned $l.64 a Share
On Capital Stock in Quarter

AS q result Of operations in tho
quarter ended December 81. 1919, the
Midvale Steel Company returned net
profits after charges and Feders,
taxes of $685. .5s5, Equivalent to S1ls, s1sa
q share, $50 par, earned on the $4,000
90 capital stoeK, which compares with
3,40S 1859, or $1.70 a share in the nre-
ceding quarter, and $5,023 ,997: or $2.51
. share in the December, 1918. quar-
ter. 40"-
Net earnings during the quarter
were 5,6649,o86. falling Of $2,8o2,.
9o4 9o1o IRON the corresponding period Of
1872 and depreciation, etc, Of s1.5e2.
3osi surplus was s3,2s2, 2,5s5, a decline
Of $1,741 ,402. "e
Net earnings Of the company for the
year, ended December 81, last, as com.
piled from quarterly reports, ver.
New-York tribune., 1920-02-05
On the Cnrh

Traders who confine their operations
to the Curb market consoled thems elves
that at least they did not have to worry
about margin calls from their brokers.
That's one advantage of owning pup
stocks in a falling market" was the
comment of one Curb market follower.
The worse they can do is disappear
temporarily from the trading list"
The Curb suffered with the big market
IN the decline. Some of the really weak
stocks were General Asphalt. which
touched par at the bottom against a
recent high of 1876. Houston OIL. one Of
the mystery stocks of Wall Street.
broke to 80. At one time the report
Game from the Curb that the stock was
85 bid. offered at 100 Houston sold in
December at 167.
New-York tribune., 1920-02-05
Averages at Low for Year

The uniformity of the decline in the
market yesterday is shown rather strik-
ingly by the movement of the stock av-
erages. The average price of thirty
industrial stocks stood at 96.1O at the
close. This was a drop of 3.13 points
in the average from the close of Tues
day. From the high of the industrials
for 1919, 1888, the average is now
down 1928 points. A year ago yester-
day the. average stood at 81.37, 50 that
prices have still long way to go to
get back to the level from which stocks
started on the long upward pull in 1919
The average price of twenty railroad
stocks at $3.50 was off 05 points from
the day before and off 1856 points from
the years high.
New-York tribune., 1920-02-05
Texas Company

survey Of the present status and
outlook of the Texas Company has heen
prepared by the Stock Exchange Arm
of Luke, Banks & Weeks, which esti-
mates the total property back of the
stock at $282, 100000. This puts a hook
value of $54 on each share of stock
issued on the new basis. The new stock
sold on the Curb yesterday at high of
AZ and low of 46. On the Stock Ex-
change the old stock closed 10 points
off at ITO. The new stock was issued
on basis Of four shares of thu new
for one share of the old.
New-York tribune., 1920-02-05
A Record Performance

It takes a declining market to bring
out stocks. Yesterday, for instance
there were 355 different issues bought
and sold on the Stock Exchange. This
was close to a record performance
Out of this total, a mere handful
twenty-five to be exact. showed net
gains. Seventeen were unchanged at
the end of the day. The other 316
showed a fine array of minus signs
chalked against them when the bell
rang at the close.