davidaulloa/AmericanStories huggingface dataset:
The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-25
FlsFserman's Lucky Day

A 14carat gold band ring was found
by John Moore. one of the crew of
the fishing schooner Gertrude De
Costa, inside a big hallbut caught on
George bank recently. The ring Is a
mans size and Is believed to have
been dropped overheard from some
transatlantic liner. Judging from its
condition when recovered from the
halibut's stomach by Moore, the ring
had been lost recently. Moore will
wear 1t, as there is no way of deter
mining the ownership.
The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-25
Educate Hotel EMPLOYEES.

Arithmetic, bookkeeping, geography,
hotel legislation, commercial CORE
spondence, stenography, typewriting,
ironing, cooking, linen mending, sew
Ing and washing are some Of the sub
1ects taken at the school for women
Motel employees in Besancon, France,
which is releasing each week 10 wom-
en- ready to fill positions In hotels
ranging from cashier to chambermaid.
The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-25
Conditions That Make for succesa

The poet said that only those who
had eaten their bread In tears could
know the veritable presence Of the
heavenly powers. There is discipline
In struggle. drill in hardship, that
Is essential to the making Of a man
OF truly virile 1ber-the man qualified
10 take command. whose attributes Of
leadership are felt as soon as be ap-
peara-Exchange.
The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-25
TRUCK RIDE.

A very enjoyable truck ride was
given by the following parties: Mr..
and Mrs. A. E. Means, Mr.. and Mrs.
n. Means, Mrs. E. Hotard, Mrs. Myra
klink. Mr.. Bergus and family, Mr..
and Mrs. John Clancy, Miss Hill
dreth Hotard and Mr.. Albert Sch
lumbrecht.
Dancing and fishing were enjoyed.
The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-25

Crimson Thursday, March IS.
at 1880 o'clock a. m, Edward Grimes,
janitor of the local courthouse. died
after a long illness. The end was
FASTENED, it is believed, by a fall he
sustained in the kitchen of his home
IN Elmira avenue, near Evelina
street, recently, when he fractured
his leg.
Deceased had resided here all his
life and was the husband of the late
Maggie White. He is survived by
several children and grandchildren.
The funeral took place Friday even
The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-25

Church-On Thursday, March
18th, Miss Mathilde Victorine Church
died in Laurel, Miss. Deceased.
who was the daughter of Mr.. A. F..
Church, was a native of Algiers, but
had resided in Laurel for the past
few years. The funeral took place
Friday upon the arrival of the South
ern train. Canal and Basin Sts., a,
1850 o'clock. Services were held
at the church of the Holy Name of
Mary. Interment was in st. Mary's
Cemetery.
The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-25

ing at o'clock from the residence of
his son, Emmett Grimes, 416 Elmira
Ave. Interment was in st. Bartho-
lomew Cemtery.
The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-25
OBITUARY

kevlin-On Wednesday, March
18th, $50 o'clock p. m, Augustus
Kelvin, husband of Caroline Vallette,
died after an illness of sometime.
Deceased was the son of the late
Henry Kelvin and Isadore Ross and
was sixty years of age He was a
native of Plaquemine, La. He was
member of the Catholic knights
Benevolent Association and the
Holy Name Society. The funeral
took place Thursday afternoon at
$3.50 o'clock, from his late resi-
dence EOS Delaronde St. Interment
was in Greenwood Cemetery.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
COMPLETE GOODYEAR
REORGANIZATION PLAN

The plans for the reorganization OF
the Goodyear Tire and Rubber Company
have been practically completed and will
be submitted to the stockholders for
their approval at a special meeting
called for December "a. Those plans, 1t
Is understood. call for a capitalization
Of 800, 100000 of z per cent. preferred
stock of 500 par value and not to ex-
coed 100000 shares of common stock
without par value The stockholders
issuance of not more than $50. 900 900 of
bonds or notes bearing per cent. in
terest and running for twenty-five years.
The new stock. both common and pre-
ferred, is to be exchanged for the pres
ent outstanding Issues, share for share.
according to a circular sent to the stock
holders. The holders of the new pre-
ferred stock will have exclusive voting
rights In the company or the right to
elect q majority Of the board OF direc-
tors.
@. M. Stadelman, vice president OF the
company. has announced plans for the
reorganization of It's treasury depart
ment. w. Il. Palmer has resigned as
treasurer of the company. but retains
the office of secretary he said. and III. j.
Blackburn and Fl. III. McCloskey have
resigned az assistant treasurers. r
Jackson becomes treasurer, with G. L.
Weberg and II. II. Hart as his assist
ants, the three representing the firm of
accountants which Is acting on behalf
OF the financial group that has UNDER
taken TO straighten out the financial af-
fairs OF the company.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
u. S. STEEL'S UNTITLED
ORDERS DROP HEAVILY
. 0nnage Is 1851 Under
Last Months Figures.

The monthly report by the United
States Steel Corporation of untitled
orders on it's books as OF November 3d.
made public yesterday. showed decline
OF sl5,371 tons, as compared with the
preceding month. The total reported
yesterday was 9.o21 ,4S1 tons, which
compared with 9,S3s.s52 tons at the end
of October. The decline is laid to the
heavy falling off In business. coupled
with the mp'etion of ola orders through
operation at better than rs per cent of
capacity. as well AS heavy cancellations
reported during the month.
While Wall Street and the steel In
dustry had expected a decline in the ton
mage reported there were few estimates
of a drop exceeding 100000 tons. Some
of the more pessimistic had forecast a
decrease of $4,000 tons. but that was
considered the maximum.
The November figures are more than
100000 tons below the high record
established in April. 1917, when this
country entered the war. and almost
100000 tons above the low point
reached in May of last year The fol-
lowing table shows the monthly reports
of the corporations untitled tonnage Tor
the last year:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
CONSOLIDATED EXCHANGE.

Sustained support OF oils during yes-
terday's Consolidated Stock Exchange
trading served to bring final hour re-
versal of an initial tone OF weakness. in
which numerous steels, equipments.
motors and specialties were offered
down to new lows OF the year. An
advance OF In Mexican Petroleum to
f6eA. OF 8 In Texas-Pacific Coal and
OH TO Ssh and decline of s In Ameri-
can Wooden to e5 were the sessions
feature. movements. Most active IN.
dustrials rallied ut the end to 3 per
cent. from early lows, and rails moved
Up moderately In sympathy with the
general Improvement.
Pan-American rose So. 10 s0s.: Bald
win Locomotive ga 10 9lM Crucible
Steel 2M. to S9%; United States Steel
IA. TO s01s: Bethlehem steel p iA. to
53%; Studebaker 2. to 43h: Chandler
~. to 75h: Atlantic Cuff 35s, to 1l0is !;
Retail Stores 2h, to 55%: Corn Products
ia. to 65H: Sears Roe buck rs. TO 9sts
and United Fruit TO 2O01a.
Reading rallied 1%, to SO: Southern
Pacific ~, TO 1914; Texas and Pacific, to
9A; Northern Pacific 1. to so: American
5urnatra 1. to 70%, and Ship and COM
nerce, TO ga, while Stromberg moved
down TO 29tt. United States Food to 20.
Virginia Chemical to seq White Petro-
leum TO 1914. American Locomotive TO
Sz%. Inspiration Copper TO S0is. and
General Motors TO i4i4.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
CORN PRODUCTS WILL
RETIRE S MILLION STOCK

The Corn Products Refining Com
pany's board Of directors has voted to
retire S5000.000 of preferred stock held
In the treasury. subject to confirmation
by the stockholders at their next meet
ing. II. C Bedford, president OF the
company, issued the following statement
yesterday:
II know Of no reason for the present
price of the shares OF this company.
Business Of course is dull and 1t is true
that we purpose to shut down our plants
over the holidays, but that Is not very
unusual Our cash reserve is ample for
all requirements In spite of the fact that
the company had made large investments
not only with It's own plants but In the
purchase Of a number OF plants In Eu-
rope. and has obtained large interests in
others here which are producers of the
company's supplies.
THE directors have voted to retire
$4,000 shares OF preferred stock held in
the treasury. which will be done when
this is confirmed by the stockholders at
the next stockholders meeting.
1.-THE bonded indebtedness has been
reduced from maximum Of $4,000, 900
ventories we're affected by great reduc-
lions In the price. but this has all been
written off and these losses are, COM
paratively speaking. small as compared
to those OF other industries of which
have knowledge.
"As to dividends, we expect to main
tain from profits the dividends we are
now paying. That. OF course means the
extra dividend on the common stock In
addition TO the regular dividend Of 4
per cent"
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
SOUTHERN PACIFIC
BUYS BONDS ABROAD
Gets Offering of Central Pa
cific Issues i'm France and
England.

The Southern Pacific Company is en-
gagged actively In purchasing cse Offer
ings made in London and Paris of Cen
trail Pacific Railway European loan
per cent. bonds OF 1911. due in 1916.
The Central Pacific Is a component part
of the Southern Pacific system. Trans
actions were relatively heavy in Mo-
veInber. The quotations for a 500 franc
bond in Paris rose as high as s66 francs
In November. according to the official
Bourse list, but on November 23 the
quotation was S43 francs. At about the
same time sales in Lond on were made at
E15. ranging as high as f15 3-16.
The depreciation of the franc and the
pound sterling as expressed in terms
of the dollar makes IL advantageous
for the Southern Pacific to buy and
the francs or pound sterling realized
by the European are at a sufficiently
large premium to induce the sales OF
the holdings Consequently the gradual
removal Of the balance of the issue out
standing In France and England Is ex-
pected.
At the beginning Of the current year
Southern Pacific had obtained 12S,000,-
600 francs of the original issue of $780,
C00.0 francs. The amount in the
1872 900 900 francs par value, but this
amount has been much reduced. With
a quotation OF around $50 francs per
500 franc bond, the 122.000.000 francs
would have a value in dollars at current
rates of exchange of less than s13.-
600, 900. whereas at the time the bonds
were originally sold in France In 1911
the value OF 122 100000 francs par
value was more than $23 600.
Should Southern Pacific in the near
future get into it's treasury the entire
issue of ESQ. 100000 francs there would
be released collateral OF a par valuc
of $4,000, 900. including $4,000, 900 par
value Of Southern Pacific stock. Were
the 500 franc bond selling at 1000
francs. or n premium OF 100 per cent,
the value at current rates OF exchange
OF the entire 250.000.000 franc issue
would be only about $40 100000, II Is
pointed out In other words an oppor-
tunity is seen for the railroad 70 re-
duce its outstanding funded debt and
to release ss4.000.000 par value collat-
erai at total expenditure much below
the amount realized when the bonds
were placed abroad nine years ago at
about the equivalent OF "a.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
PRODUCE MARKET.

BTTTER-Creamery, higher than extras
h.. 5ia3fhc: extras 90 score. save. firsts,
90 10 81 score, 4Gda2c. firsts, 50 TO 50 score
4td41c. seconds, 81 20 ~ score, SEQ zoe. ;
lower grades 3fd3jc unsnited higher than
awtras. 1GikdJTc. extras. h5dJ6c. firsts. asa
$780,: seconds. 3Td42c. held or storage, high
corng 5iHliMc. extras, 40G5Oc. firsts, ~
Il lsc: seconds, 35640c. lower grades, 521l
3lc Danish casks fresh 4skT5ic.; state,
dairy, tubs, finest. 4ed5ic. good 20 prime,
431l1c. common 20 fair. 33142c. renovated.
pvtra4. ti n i2c.; ladies, current make, firsts,
27d2Sc. seconds. 2fG2lc. lower grades, 223
23c packing stock, current make. No T. "a
U2iitc No. 2 23c. lower grades, 20122c.
CHTEsF-state. whole milk. held. early
made flats. specials, 10. 27ihG2sc. fall made,
glitH2Bi4".; average run. 2ihd2lc. fresh
specials rffhn11c.; average run, 22MI28Mc. .
|uucr rr9t.H 1N6 22itr twins. held specials.
16g2sc.i average run, 2IQ20c.; Wisconsin,
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
BILL TAKES RESERVE
BOARD FROM TREASURY

Special Despatch to THE New YoRK HERALD.
WASHINGTON, Dec. l0.--A complete
separation of the Treasury Department
and the Federal Reserse Board was pro-
posed in the House to-day by Chairman
McFadden Of the House Banking and
Currency Committee He introduced
bill removing the Secretary OF the Treas
ury from membership on the board. He
would also abolish the office of Comp
troller of the Currency and transfer its
functions to the Reserve Board. Hear
ngs will begin soon with the expecta-
ton of passing the measure at this ses-
sion, Mr.. McFadden said. Explaining
other sections OF his bill Mr.. McFadden
continued:
THE bill provides that In future the
Federal reserve system out of Its earn
ngs shall pay all expenses of operation
OF the system formerly paid by appro-
priations for the expenses of the Comp
troller's office.
This bill provides also for payment
out Of earnings of the Federal reserve
system of all salaries and expenses in
CURED in examination of national banks.
This expense is now borne by assessment
of the Comptroller on the banks exam
ined and is based on amount OF their
ca pital and surplus accounts The bill
will also simplify examination OF banks
in cooperation with legal requirement OF
the present Federal reserve system and
will avoid duplication OF authority and
effort.
"Iu short. the bill provides for COM
plete separation OF the Government from
the Federal reserve banking system and
carries out the orig nal intention of the
trainers OF the Federal reserve act In
1913. and Is the most important amend
ment ever made in the Federal reserve
laws"
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
UNITED CIGAR DIVIDEND.

A monthly dividend OF / II per cent.
declared yesterday on the stock OF the
United Cigar Stores Company. puts the
company on an 1s per cent. annual basis
and represents the beginning Of monthly
dividends on the stock. which. according
70 announcement made yesterday. will
DO continued with ~ per cent as a
minimum II business continues to grow.
Practically all of the stock Is owned by
the United Retail Stores Corporation.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
EXPORTS FROM NEW York.

Exports from New York yesterday:
Wheat. 1851 bu.; barley. Gas bu.:
flour. foi.3s2 sacks; lard. $4,000 lbs;
oatmeal. 2,975 bbis. oil cake. 1.779.OO0
BIS: rye, 100.s05 bu.: buckwheat. 1900
bu.; bason. $4,000 lbs. ; grease, $4,000
oil, i,2S20oo lbs, and lubricating oil,
i04. $50 gals.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
METAL MARKET.

On the New York Metal Exchange
yesterday tin was weak. with Class A
quoted at $3.50 a 35.s7S; Glass 3
$1,000 n $500 and Straits shipments
s3425 a 5000. with sales of 25 tons
Oct.-Nov. shipments from Straits at
S3450 Copper weak: spot, Dec. and
Jan. 14.25c. asked. Lead weak. New
York spot. So asked, and, East st.
Louis spot. IS asked. Zinc weak New
York spot. $40 and East St Louis.
S615 asked
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
BANK I'm TEXAS sUspENps.

FoRr WORTH. Tex, Dec. 10.--The
Farmers and Merchants Bank at Pa
iucah, Tex. posted a notice on the door
This morning saying II had suspended
On account OF general conditions, nc
cording TO report here.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11

TWIN CITY RAPID TRANSIT COMPANY.

TWIN CITY RAPID TRANSIT COMPANY q.
The Board 81 Directors have declared the
regular quarterly dividend OF One Dollar and
seventy-flve Cents CSi.7l) per share upon tho
Preferred ca 1ital Stock Of this Company.
and al-o n di.idend Of Three Dollars CsG 00)
per share upon the Common Capital Stock
Of this Company for the year 1920 both
dividends ayahle January 3rd. 1921, 10
stockh0ldprT a. record az the close OF busl-
ness December 18th. 1920 Dividend checks
will be mailed by The Farmers Loan and
Truvt Company. Transfer Agents, Nos. 1921
William street. New York City, 20 stock
holders who have filed mailing orders.
a. NJ ROBERTSON, Secretary.
New York Nnvemher 22nh. 1920.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
BRAZILIAN COFFEE STATISTICS.
SUGAR MARKET.

The raw sugar market broke yester-
day 70 the years lowest.Y Refined sugar
prices were unchanged at s.75c. 10 Q
cents. regular terms.
Tho break in raw sugar caused liqui-
dalton In futures. all active months
again following to new low ground
on the call prices were IS TO SO points
lower on sales. offerings coming from
scattered Wall Street and trade sources.
Operators sold freely. Final prices
showed net declines OF 25 to 33 po'~ts
IL ..nI..n.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11

LONDON, Dec. 10.--Bar silver, 3sMd.
an ounce. Money. AZ per cent. Discount
rates: Short bills. i1-i6D6% per
cent: three months bills, 611-1696%
per cent. Bar gold. 11Ss. 10d. Gold pre-
MUM al Lisbon. 140.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11

Rio was 100 rcis higher for futures. DOL
lar rate 100 higher at $1,000. Exchange I'D
lower NJ II lid Receipts. $4,000 bags
and stock, b52 900 bags. Santos spots not
quoted. Futures 80 TO ~ refs lower. Re
~eipts. 81 900 bags, and stock. 2.0i0, 900 bags
Receipts a. the ports were 5000 bags
against 24.000 last year and 10000 two
years ago. Sac Paulo had 5000, again-t
900 and $1,000 and Jundiahy 81, 900
arainst 5000 and $4,000 bags. respectively
Cloudy weather was reported In four dis
ricta OF Sac Paulo and fine In one.
cleared from Santos. 800 bags for New
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
PARIS BoURsE TRADING.

PARIS, Dec. 10s--Prices were barely
steady on the Bourse to-day. Three per
cent. rentes, 81 francs 90, centimes ex-
change on London. IS francs so GEN.
times 8 per cent loan. SIS francs 20
centimes; the dollar, IL francs CEN
times.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
otfce Of The United Ga. Improvement Co.

\. " corn Broad and Arch Streets.
Philadelphia, December g 1920.
The Director. have this day declared quar-
teriy dividend of one per cent. tlOc per sharei
on the Common Stock OF this Company, pay
able January D.. 1921 90 holders % Common
stock OF record ~ The close Of bu~iness De
cen1ber 81 1920 Chccko VIII be mailed.
w MORRIS. Treasurer.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
ELECTIONS AND MEETINGS.
- !. -.
THE HANOVER NATIONAL bANh
asAN a.. N..x NnrE

of the tity Of New hOrk. ,ooo
New York, December lin, lSZV.
Notice Is hereby given that the annual
re,t ting OF the shareholders OF this bank
fnr Inc election Of Directors to serve dur
itg lhe coming year and for the trans
action Of such other business as may CONF
h fore the meeting viii be held AZ tne p p
tpg house. Nassau aud Pine streets. Tues
day, January iith. 1921. between the hours
Of ii O'clock A. NJ. and II O'clock M.
WM. Z. CABLE, JR.. Ca1hler
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
EX DIVIDEND TABLE.
DIVIDENDS.

Air Reduction Co, a., ST.. Dec 81 Jan. ~
Bank OF Cuba, In New York,
SEA, e6....................D Dec. 20 Jan. 4
California Petroleum Co..
pf., a., f1.75..............D Dec 20 Jan.
Chi. Ind. a Louis. Ry. Co..
pr. s.-a., t2.............D Dec. &c Dec. 30
Colorado a Southern Ry., fst
pf. 81. .,.... .....,..'... Dec. 10 Dec. 81
pr. N.............-- ..,...D Dec Is Dec. 81
Dodge Mfg. Co.. a., $3.50. Dec. Jan. 3
Dodge Mfg. CO., extra. ~ Dec. Jan. 3
Dodge Mfg. Co., pf., a., 81. 10. Dec. 21 Jan. I
Elder Mfg. Co., pf., a., So. .... Jan. /
ri Paso Elec. Co, pf. d. 81. Dec 20 Jan. 10
Gen. Am. Tank Car Corp,
s.-a.. $3.50. "...~. 60. Dec. 10 Jan. /
Gen. Am. Tank Car Corp,
a., flT5 ...................D Dec. IS Jan. I
pf.. q, ti75 -. -. Dec, rs Jan. 3
Int. Motor Truck Co., "a
pf., a.. si.I5. .............. Dec. IS Jan. g
Kaufman Dept Stores pf.
a., ....t..............D Dec. 20 Jan. 3
a., SLID. .....,........... Dec. 20 Jan. 9
snringtield nv. a Light Co.
W y. Sit. ...,......."'Dce Is Jan. D.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
CUSTOM HOUSE RECEIPTS.

Receipts for duties at the Custom
House yesterday were s450.s7677. OF
which sf74.se5.i9 was for merchandise
withdrawn from bonded warehouses and
s375.eSl.5s for recent iinportations.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
COFFEE MARKET.

The local coffee market had yesterday
an irregular opening January 3 points
higher. March points lower and other
months 2 10 points decline From
that level values worked lower during
the day. Final prices were 10 to II
points net lower
Range OF prices: Thurs
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
OFFICE or
The United Gas Improvement Co.

Philadelphia. Sept. 2, 1870
The Directors have this day declared .
auartefly dividend Of one and three quarters
pcr cent. (ssisc per shareD on the Preferred
Stock OF this Company. payable December
~, 1920, TO holders OF Preferred stock o.
record at the close OF business November 80
1920
Checks will be mailed.
l. w MORRIS. Treasurer
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-11
the STATE BANK

New York. December 10th, 1870.
The Directors have this day declared
semi annual dividend ~ Grs on the capital
stock Of this ia lk, payable on January ..
1921 10 stockholders Of record at the cics0
Of business December 18TH, 1920. The trans
fer bookr WI remain closed from December
18th, 1920. until January Bird, 1921.
JOHN kNEtSEL, cashier