davidaulloa/AmericanStories huggingface dataset:
The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1920-06-15

gram which it definitely enunciates
is hatred of Woodrow Wilson and
unqualified condemnation of every
thing his administration has done. In
that respect Mr.. Lodge correctly
struck the keynote of his party,
which has faithfully followed his in
junction to make the platform so
broad that everybody who dislikes
Mr.. Wilson may take his stand on it
with his eyes shut.
The resolution on the League Of
Nations, so long agonized over by
the platform makers, is especially
demonstrative of the fact that the
one bond of agreement between the
Republicans as represented at Chi
cago is their feeling against Wilson
and his work. They are outspoken
and clear enough when they declare
their condemnation of the treaty
which Mr.. Wilson presented and their
appreciation of the Senate for re-
iecting it, but beyond that they get
nowhere, except a-straddle of the
most conspicuous and ludicrous
fence that political towards ever
climbed upon.
The Republicans in the Senate,
whose action on the treaty the plat
form applauds included opponents of
the League of Nations in any form,
opponents of it except with the Lodge
reservations, advocates of it with
"mild" reservations, and some who
were willing to accept it in its orig
inal form, but who finally voted
against il under the party lash. All
these elements in the party could
stand on their record and a plank
of opposition to the Wilson Treaty.;
but to go beyond that and design a
plank offering a concrete substitute
for the rejected Wilson covenant that
would be acceptable to all the oppo-
nents of the Wilson plan was the inn
POSSIBLE task which the Resolutions
Committee undertook, despaired over
and finally pretended to have accom-
plished. The result is string OF
swords to conceal thought" which
may mean anything or nothing, ac-
cording to the inclination Of the con-
struer.
To assume that it will safety NIL
shades Of Republicans as represented |
by their Senator's is to assume that
those Senators have been dishonest
in their attitudes ON the treaty and
honest only in their opposition to a
Wilson treaty. Pronunciation for
agreement among the nations to
preserve the peace Of the world" Is
old stufs end idle stuff, which We
have been hearing in just his general
way time out Of mind. Pretense that
The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1920-06-15

Reese Formula.R-11 nothing seemed
to benefit me in the least, although I
believe l have taken everything. Not
only has the dizziness disappeared,
but | feel better all over. l eat, sleep
and feel as though l had never known
sick day in my life. l most heartily
recommend this remedy to everyone
suffering as / did and only wish /
had known of The Reese Formula
R-11 sooner.
Don't be- skeptical or delay any
longer; stop suffering. Get a bottle
of The Reese Formula R-11 today at
VIM. s. Lloyd's Drug Store, or your
own druggist. 69-2t
The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1920-06-15

has approved rules and regulations
for the leasing Of phosphate deposits
in Federal public reserves. These reg
ulations open these lands to lease in
aseas not exceeding $500 acres and
should add largely to the country's
fertilizer supply.
The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1920-06-15
POULTRY PROFITS DEPEND
ON HEALTHY CHICKS

Mr.. Williams, a very successful
Oklahoma Poultry Raiser, recently
said to DR.. LeGear: "Since I have
been using your Poultry Prescrip-
ton, not only have / cut down Chick
loss, but find that my pullets lay
month or two earlier" A few
pennies wisely spent in feeding DR..
LeGear's Poultry Prescription to
Baby Chicks insures rapid develop
ment and early fall and winter lay
ers. Get package from your dealer.
Satisfaction or money back. DIR. L.
D. LeGear Med. Co.. st. Louis, Mo.
The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1920-06-15

No one can buy a better shirt
than the E. & W.. Saturdays trade
will include many of them at r. E.
Punch & Co.'s.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
Reynolds Tobacco Increase
Shareholders Asked to Author
iZe Changes in Stock

Stockholders of the r. j. Reynolds
Tobacco Company have been called t.
attend q special meeting in Winston
salem, n. c., June "a, it was announced
yesterday, to act on proposal of the
directors providing for capital in
creasca and the payment of a 200 pei
lent stock tivdend
The plan calls for an increase in the
capital from s40,000,0o0 to $40, 600 900
divided as follows; Four hundred thou
sand shares Of common stock Of 81
par value. 100000 shares Of Class Il
common stock OF 800 par value, $500,
OG0 shares OF new Class b common
sock Of s25 par value and zoos
shares Of preferred stock Of S100 pa:
value. The letter to stockholders says
IL Fart:
at is the purpose Of the directors
u declare and pay the 200 per cen,
> -ock dividend on the common and
Glass; Z common stock as soon az prac-
tlrablc after the suggested amend
lfents u the companys charter arc
rade.
The directors do not expect 20 sell
a.y sock in the near future, but while
recommending an amendment Of tn,
carter 80 far as TO provide gufiicicnt
soc. for the proposed stock dividend
they thought IL wise 20 provide for the
authorization Of additional preferred
sock and new Class B common stock
SO as 70 be in a position to take care
81 future expansion Of the business"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
Missouri Pacific Net
Income Shows Increase
Expenses Gain, However, Leav.
ing Decline i'm Net Revenue
for Year, Report Reveals

Although the net income of the Mis-
souri, Pacific Railroad showed a SUBJ
stantial increase in 1919, according to
the annual report issued yesterday, the
net revenue declined considerably. The
net income was S4,240,839 Allowing
for preferred dividend payments, the
balance OF $650,834 would be equivalent
TO 70 cents share on the So. 839 800
common stock. This compares with net
income CT s1,850,952, or S257 share,
on the preferred stock in 1918
The figures for the preceding year
include net credit balance of 1898 ,O61,
arising from settlement of lap-ove r
items for the period prior to January
1. 1913. Excluding these items, earn
ings would be equal to SO cents a share
c7 the common against 81 cents on
the same basis in 1918
The Federal operating income shows
-. income of S3,98l,19O as compared
with the government guaranty Of
sl4.206,9l4. Or loss for the government
q $l0.222 624. Without the benefit of the
government compensation, the years
operations would have resulted in a
deficit, after charges, of S5,o78,12
against a surplus in 1918 of 81 377, O62,
or 50 cents a share on the common
steel. after allowing for preferred
dividend requirements
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
To Simplify Quotations
On Foreign Exchange
Managers Agree TO Quote
Francs and Lire i'm Cents,
Beginning Monday

Beginning next Monday morning
francs will be called in cents, instead
of according to the number Of francs
to the dollar, as at present. This
change is designed to simplify the
quotations and make them more read
lily ineligible. Under the old system,
when francs rise, the number of units
TO the dollar declines, and when francs
fall she number of units rises. To
make the quotation move in the same
direction as the change in the marke t
IS the object Of the alteration.
The change has been under consid-
Grafton for several weeks, and was
adopted yesterday at a meeting of the
Foreign Exchange Club, which is com
posed of the foreign exchange man
ayers Of the VARIOUS banks and trust
companies. The new method Of quo
tation will be used in the case Of Bel
gian francs and Italian lire as we'll as
French francs. This will give uni
formity, as the currencies Of all Cont
mental countries will be quoted accord
ing to cents per unit.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
/ rices for Cotton
Decline Rapidly il,
" eek-Ege; ReaIizi,,o
Sensational Advance i'm EarIv
Trading on BuIIis1 Wealth
er Reports Followed by
Drop; Closing Steady

A further advance in the cotton mar
ket met realizing for over the weej,
end and was followed by reactions YES
terday. Sensationally bullish private
crop reports resulting from the cor
tlnued rains in Central and Western
sections of the belt stimulated demand
at the opening, while there was also
buying on the tirmer ruling of Liver
pool. The demand was supplied by
ing at 36.7Oc, October broke to 36.1Gc
with the market closing barely steadv.
net 20 points lower to points higher.
Private cables said the strength il
Liverpool was due to Manchester and
London buying, and there was buying
III the local market believed to be for
foreign trade account. This suggested
that spinners abroad had been i'm
pressed by the prospects for another
snort American crop, but little was
heard OF domestic trade buying, and
fresh speculative buying was held in
check by continued nervousness over
unsettled business conditions.
The failure of demand to broaden
after the early buying orders had been
supplied no doubt Increased a dis
position to take profits for over the
week end after an advance of about
SO to 125 points from the low prices
OF Friday morning. There was no
change IN the crop news, however, and
except for realizing, brokers reported
very little pressure against the mar
ket
There was Southern buying on the
opening advance of % 20 80 point,
which emphasized the unfavorable crop
.aC- i,,.+ f+
Street and local shorts was much less
active after the heavy covering of the
previous day.
Reports concerning the unusually
early appearance of the boil weevi
are coming in from various sections g
the belt. while reports received from
the Southwest said that the rains were
putting the fields in grass, that there
did not appear to be enough labor for
adequate cultivation and that there
was likely to be a good deal of acreage
abandoned.
A report was published during the
day that Texas interests which had
shipped raw cotton to Germany and
from it were trying to place the good
in the domestic market, but Offering
Of this sort were not expected TO be
come an important factor.
Reports of financial troubles in the
raw wool trade were not generally
heard until after the close, but MAY
have contributed to the late reaction
Southern spot markets as officially re
ported were unchanged to 100 points
higher, most Of them being Unchanged
The local market for spot cottoa
was unchanged at 40c for middlfng up
land; no sales were reported.
The range OF prices follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
Trade Program, Agreed On
Plans Made for International
Commerce Chamber Meet

LONDON, June "A program Of
commercial procedure for nationals of
the United States, Great Britain,
France, Italy and Belgium will be draft
ed at the initial meeting of the Inter-
national Chamber of Commerce in
Paris from June 80 to July /, with the
view Of suppression of unfair competi-
ton, acceleration of transportation Of
raw materials, reconstruction of the
war devastated regions, the economic
organization Of new states and STABILIZE
alton of exchange.
This agreement was reached here
to-day by the general organization com
mittee. Of which John Fahey, of Boston,
is chairman. The committee decided
to direct the drafting of report on the
desirability Of prohibitions on imports
and exports to protect national markets
against competitors enjoying better
rate of exchange and against "unreas-
enable purchases and aggravation of
the depreciation in the rate of ex-
change"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
Western Pacific Hearing

Western Pacific Railroad interests
are planning to go to Salt Lake CITY
to attend the hearing set for June Is
on the roads application for Federal
compensation greater than that al
lowed by the Railroad Administration
The company refused the S19OO.3S4
annual compensation originally award
ed and also rejected the governments
offer of 50 $4,000 in August, 1919. The
company contcnded that it was entitled
to additional compensation because the
road was undeveloped and in receiver
ship during the test period and that
since July, 1916, it made large cxpendi-
lures for additions and bctternlents.
Tor branch lines and for equipment
which were not reflected in the oper-
ating income during the test period.
After the hearing group OF bankers
Will go on tour of inspection of the
property.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
Belgian Bond, Wen Taken

The popular reception Of the new
Belgian bonds was apparently enthusi-
Astic, as J. T. Morgan & Co yesterday
announced that the subscription BOOKS
would close at 10 O'clock THIS morning
and members of the underwriting syn
dlcate would be released OF all re-
sponsibilty. The fun S50.0000OO was
subscribed and it j. expected that an
oversubscription viii be shown when
all the out of town reports are in.
Messrs. Tranquil and Hakar the Belgian
commissioners who arranged the nc
commodation, are scheduled TO sail for
home to-day. 1t was predicted that.
they would meet with criticism from
some quarters in their home country.
a they ncQuiesced to the stitrest terms
for money that Belgium has ever paid
me American bankers who arranged
the operation realize that the rate was
excessive, but point out that such a
rate was necessary to meet the existing
market. The funds raised will be used
to DIV oil aI'acceptance crcdi: OF sim
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05

Reports from tho Southwest to the
effect that wheat harvesting had begun
IN oklahoma and that the crop outlook
throughout the hard winter wheat
states is exceptionally bright. appeared
TO bring out more offers from that
quarter and. as exporters we're not
buying. wheat prices at the Gulf werc
to 10 cents lower.
No. hard wheat, which recently sold
nj SS.1s {. o. b. Gulf ports, was offered
quite freely at $S.oS, but found only
n very limited demand. According TO,
latest advices Inc c,op IN the soft
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
In Wall Street
Bankers at the Convention

With momentary lull in new
financing some bankers expressed the
opinion that new ventures would be
held in allegiance until after the Re-
publican convention at Chicago is over.
Several Of the leading figures Of the
financial community will attend. James
Spcyer is q Republican delegate and
Mrs. Charles H. Sabin is an alternate,
bat it is understood that she already
has her seat. Mr.. Sabin will accom-
pany his wife Frank A. Nanderlip.
who has just returned to this country
from Japan. viii stop off at Chicago,
and Thomas W. Lamont, who is on his
way back rom his mission to the
Orient in behalf OF the newly formed
Chinese consortiur,. viii probably look
IN at tho convention.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
Financial Items

Application has been made to the Stock
Exchange to list 70 900 shares common
stock of the Chandler Motor Car Company.
The Stock Exchange has admitted to list
International Motor Truck Corporation,
part paid subscription receipts, first in
stock
Snonco~ Task & CO. have issued a cir
cular reviewing the railroad bond market
[r9m several different ANGLES and classi
known railroad honda.
At dinner OF tho officers OF tho New
York Title and Mortgage Company and
the American Trust Company Thursday
II. A. kahler president, called attention
to tho fact that the first uualtcr of thjs
year had been the most successful In tho
history Of tho Now York Title and Mort
gage Company. and that the business of
the American Trust Company had made
satisfactory progress
Gilmore D. der, of Hughes & Dior, has
been elected Il member of the New York
Produce Exchange.
II. NJ. Byllcshy & Co. arc offering In
vcstors tho per cent participating PFC
arred stock and non-par value common
shares of Leonard Morton " CO. on "A
basis nf ten fhnios of $500 par value ,re-
fcrred and sdy shares of common for
81 600.
purrcu. Gregory & CO. win remove their
offices Saturday from T Wall street to
y Wall street and Will occupy the en-
tire four floors tn THAT hulldinE
\ special meeting OF aharrhoIdcrs or
the Irving National Fam, las been called
Con juno IS. It WAS announced vest cr,laV
for considering increasing the capital
stock from $4,000. 600 10 So 500 600 II
is planned TO Offer tho now stock for sub
scription at par tSloW to shareholders or
record .Iuno 80 Ia the ratio os ono share
Cor three now held. Subscribers must
make payment In run before July 81
The commttcc on securities or the
stock Exchange has ruled that trnnaac-
Non1 In preferred and common stocka OF
the American Woolcn Company unlcss
made srrclncAlly FOR cash. shall be OK
,l;hta Juno z transactions in rights
luuHt be settled Juuo - Tho Night H..
~uhscrihc expires July T.
rolEptc. Parker 4 Co. aunounco ihat
'n'rHRh \ Paris mcconnell lruernl part
r'' af1 Louis Nuponi tr>1nS, formerly "A
n.tlia'r. breon y special part
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05

The Missouri. Kansas & Texas re-
organization committee. Of which Alvin
". hrech is chairman, held another
meeting yesterday and expects to con-
Neno again in about a week. Mr.. Krech
SAID that excellent progress was being
made toward a reimbursement of the
company's financial structure. and that
the discussions have reached stage
where it can be said that the plan
under consideration will be underwrit-
ten. 1t Is understood that the under
writer's Will include the Equitable
Trust Company, Speyer & Co. and the
Chase Securities Company. ali Of which
are represented on the reorganization
committee. In February, 1917, J. W.
hendrick. Of Chicago issued a report
IN which he estimated that $50 oO0G0G
should be expended or the NJ, X 4 T.
within the ensuing eight wears, and
that $4,500,000 annually could be saved
through certain economies of opera
ton. and that in 1920 the net earnings
would be equal to Sl1,25O,0G0 That
Ny. Hendricks estimate was material
Y upset By the taking over Of The rail
roads by the government is demon
strated By the feet that in 1919 opor-
stng income was only 81 .705.345. while
or January and February o. this year
Z deficit Of S2l9,82O was renortea
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
Swedish Bank Dividend

he SkandlnaVleKa KredltaHtl cbola-
pet. of Gotcborg and Stockholm, has
caDled Brown Ero8. ii Co.,, their Son
York correspondent, to the effect tina,
n dividend for 1913 At the rate Of 2l.iZ
j4r cent had Dcen declared. Since 1914
= deposits and current accounts Of
fhs institution, the iargest in Sweden,
}aYe risen from $50 ,3G4 ,094 kroner TO
a9l 05o, SCI. On Occcmbcr 81, 1919, the
gGid-up capital and reserves Of the
4kandinaYiska Notwithstanding were
IN 100 ll0 kroucr
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
Recurrent Rumors

Veterans of the Street eventually be.
come diAtrustful of recurreMt rumors
That fail to make good over 4 long
period, but usually there is small
clique of the faithful The latter some
times find their reward on those oc-
casions where reports become at last
transformed into actualities. After
all these years the Reading is con
fronted with The necessity of segregat-
ing its coal properties. And now the
story that there will be a merger among
the leading independent steel com
panies reasserts itself internationally
despite denials in official quarters
Yesterday the report went the rounds
that the alleged merger would center
around Lackawanna Steel.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
London Money Market

LONDON. June A-Bar silver. 577sd
per ounce; bar gold, 105s Sd Money,
= per cent Discount rates-Short bills.
SO. (dG 1916 per cent; three months
bills, Ga a 1916 per cent. Gold pre-
MUM at Lisbon 40
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
Bid and Asked

dams Exo bi - As asd. 1,.,oa c BID Ashe,
l ,i Hu''iciS ~ 531a Lake f q ". Sl3 10
~, ~ $500 ot12 90 DO pr 49,. l. -
il An, S Cab,, M lg 9o Lisg & T.. 10 LOO
l. CHAIN 1 p: s 60 L-W Bis .. 80: 45,s 'g IS
IN bhk Note ~ 40 do lst pr 96l. lO3
-, ~ ~, pi 60; ~ do 2d pr. 1854 III
~ Ieet 81. ~ Fl Lorllard pr. . % lOS
% pr -. - 81 inuisy " ~. 30 100
-, Go, 60 on s pr ,,u 50 do pr 49,. 60 g. g.
m EInrsss ,a9iss "a Nlalihson 20 20
m lea Snr 5c 20 ~ ,r ~ " ~ -
II do ~ ~, &C. :" "a Nianhat shirt. % 81
I.nsc.d i", nr oa"'a " Maru Parry 2o7. -
m ioco pr. w SS,a MAX as Il N 2 W pr = 40 40
III SSm,ppIas,., ~ May Dep SLIP ll5
M M S Sm pr NJ "a es97' DO pr ..loola lo4
ST Fv ny sS7a q N NitX fet pr 80 81
Sum ~ Pr pr s. s. 81 NsF GSnsrA /; g. So -
m m Tobscco odi o,o 90 pr 81 $40
~, ~, VIZ" ~ y az 40 lsd lines. so OF
IN znc pr. s 4a4 DO pr 0" ''4. g g sS
$40 a" b Dry e. + g N Nuns 1 b pr g ~
do lst pr. - 81 Nat biscuit. ~ liz
90 30 "a "a, pr 3.H4 g.: do pr .....- 10
' ian,i Wi ree ;oS AZ ,o IS Nat Ct S. SO IS
{, az" " hg' l-ur 1900 do pr go. - oS
NO NO sales Go 2 @ Do pr pr q . s. 80 80
a ad i"To pr 9S 20 MR. NJ lst pr II
o uI pr -, 49,. 81 % Q 7 u VI - IS
c.. CO Sth pr.lGg, ~ \ y c 4 l. u "a
' gn Nhoe' ~ ll0 do lst pr. 5Si. %
inns Pros ,ooc52 ~, - A. do "a pr. - a
dn D''' -'i"S ~ Dock 81 20
,' w ~ 800 ~ ll3 90 pr $3.50. IS 81
ny " % ~ 90 Y Il w ~ 90
do pr g.. - Nor,h Am -. SIX s 5la
vi Sus' % ohio Fuel 40 oil
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
Upturn in Last Hour

The market yesterday followed a
course IN line with the reasoning of the
chart tiends. In other words, the
climax of several days Of extreme dull
ness. in which the movement OF prices
was small, was sharp upturn. For
the greater part of the stock market
session, however, activity was confined
mainly to few transactions between
professional traders, and it was not
until the last hour that business quick
encd to normal proportions The
steels, the equipments, the paper
stocks and the tobaccos were the
leaders, and in view of all the pessi-
mlstic talk that has been going the
rounds concerning the industrals much
of the buying was attributed to short
covering. Big blocks of Steel common
we're taken above SO and the stock
closed at ga, the. top price Of the day.
The Baldwin pool apparently felt that
1t was an opportune time to begin
operations, and the stock. selling "eX'
the $40 per cent semi-annual dividend.
moved up at the close to 1154, a net
gain of 37s points. United Retail
stores was up 21s and International
Paper, helped by renewed talk of the
big demand for newsprint, advanced
334 points to 1914. Estimates of this
companys earnings for the current
year run as high as the equivalent Of
500 share on the common stock
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
Paris Market Steady

PARIS, June 4.-Prces were steady
on the Bourse to-day. Three per cent
rentes, GO francs. Exchange on Lon
don. 81 francs. i've per cent loan,
81 francs o5 confines. The dollar was
quoted at II francs ! centime.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05

BtocNhoders of the Stewart Warner
fpecdometer Company appro9sd the IN
cIeass In stock from IOD.OOD HhAres -
eooDoo shares ~ no par niue, i, wa4
announced in Richmond, w., yegtcxday.
Jnft III the add.tjona! gtock VII be uaca
7"f exchange NJ stewart Warnvr suck
h"e the balance viii remain in Tho
'f'aHvfz for fbtufe use as tne digecl1la
I.as asssxmiae,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05
The Dollar in Foreign Exchange

Sterling exchange was again trine
weaker yesterday. and francs. lire and
marks declined slightly. Despite re-
ports Of continued disturbances in
Japan, the yen holds up firmly.
Yesterdays closing rates, compared
With those Of a week ago, follow:
Quoted dollars to the pound)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-05

Open. High. Low.


bales. Mobile steady. 100 points higher
at 4lc; sales bales Savannah steady
unchanged. at 42c; sales. 4sl bales
Charleston steady, unchanged. az 40 sec
salrs MI. Augusta steady. % points hiEher
at fsc. sales 27o bales. Memphis steady
unchanged. at AZ. sales $50 bales :;
LOUIS steady, unchanged. at 40 zoe: sales
nil Houston steady, unchanged at 40 Csc
sales. $500 bales. Little Rock quiet. uD
Changed. al &c; sa.es. rs balnA