davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-08-19
Committee Named
TOPrOtect Holders
OF Russian Bonds
Group of Bankers and Busi-
ness Men to Act for
American Investors:
Inquiry Is Started Here

A group of bankers and business
men, associated with the American
Russian Chamber of Commerce, yes
terday announced the formation of a
protection committee in behalf of Rus
sian 672 per cent internal ruble bonds.
This committee will represent the
American holders of internal obliga-
tlons of the Czarist government much
IN the same way that a similar pro-
tectlva committee is acting in the
name of owners of the two external
Russian issues which were foated in
the United States.
The committee will forthwith under
take to ascertain the precise amount
OF Russian internal bonds held in this
country and will seek to get in touch
with the holders. 1t has been esti-
mated that between 100000 900 and
20O,000,00o of rubles of these bonds
are held in the United States. The
bonds were purchased mainly in 1915
by Americans who were attracted by
the speculation in exchange. At that
time rubles we're quoted at 33 cents.
compared with a par of 81 cents and
present quotation of about three
cents. The fall of the old regime and
the consequent reputation of Rus
sia's debt by the Bolsheviki made the
speculation rather unhappy one, and
many Inquiries regarding the posi-
biities of the bonds have reached the
American Russian Chamber, and caused
tne formation of the protective COM
mlttee, which will, Of course, have no
contact with Russian governmental
sources until the United States recog-
nizes a government in Russia.
The protective committee will rom
sist Of William c. Redfeld, former
of the American Russian Chamber of
Commerce; c. P. Coleman, president of
the Worthington Pump G. Machinery
Corporation; Peter S. Duryee, vice e-pres,
New-York tribune., 1920-08-19
Advance i'm Wheat
Follows Opening
Of Winnipeg Pit
Traders Consider October
Price of $2.7O Relatively
Lower Than Quotations
for December i'm Chicago

The most prominent feature In the
wheat market was the reopening of
the Winnipeg market, where trading
was resumed in future contracts.
Most of the trading there was in the
October position, which opened at $2.65,
advanced to $2.72 and closed at $2.701a.
This compared with about $2.40 for
the December delivery in the Chicago
market, but, while at first glance the
price appeared high, the trade figured
it out that when the weakness in
Canadian exchange was taken into
consideration, as we'll as the quality
of the wheat and the date of delivery,
the Canadian market was in reality
relatively cheaper than Chicago, and
there was more or less spreading be-
tween the ewo markets on this theory.
The market as a whole was firm, al
though the weakness in the coarse
grains caused partial reaction from
the top.
Country offers were again small
and there was little pressure in the
cash position. The export demand was
light, with the British buyers still
out. There were some Continental
OrueFS on mana, Dut CheV were Eener-
ally below q working basis and the
volume of business for the day was
small.
Receipts at primary points were
moderate, and some authorities ex-
pressed the opinion that the crest of
the movement had passed as far as
the winter wheat crop was concerned,
although others vcntured tho opinion
that as soon as the freight rates go
into effect there will be q noticeable
Improvement in transportation facili-
ties and that financia. conditions will
be against a concerted holding move
ment by farmers.
The domestic -four demand was
again very disappointing, although in
some sections mills were said to be
buying wheat at better prices than
exporters were willing to pay.
In the local cash market No. hard
and red wheat We're quoted at S2.69
C. i. +. track New York.
New-York tribune., 1920-08-19
Sharp Break in Coffee
Futures on Liorxidot;o,,

The early official cables reported q
break in the Santos market of 125 to
275 reis and in Rio of 1876 reis. This
show of weakness started selIins.
movement which sent prices on the
call off II to "a points into new low
ground. ~"
From then on Brazil continued to
show further weakness, two special
cables being posted, each showing de-
cllnes, and trading here became ar
tive. prices declining rapidly and peo-
pie long of the market seemed disposed
to liqudate rather than to meet the
calls for additional margins.
September broke to $780, December
to 1896 and March to s.43 Final prices
were &c to so points net lower. Septem-
Der was relatively weak under heavy
liquidation INSPIRED by the rapidly de-
clining Brazil markets. and the CON
tinued absence of spot demand. This
weakened the entire list and promoted
liquidation in all positions. Cost and
freight offers were irregular and some
very low. The spot market was re-
ported neglected and quotations lower
at the basis of s &c for Rio Is.
The range of prices follows
New-York tribune., 1920-08-19
Decline of Nearly
SIS Bale in October
Cotton on Selling
General List Shows Severe
Break ON Supposed Abb
sencc of Trade Demand;
Big Improvement in Crop

The cotton market showed continued
weakness and there was further
severe decline in prices owing to the
reported absence Of trade demand and
a growing impression that the crop is
making better than the usual August
progress.
This was reflected ir predictions shat
the end month condition figure would
show less than the average deteriora-
ton, which would mean an indicated
yield in excess Of the cnd-July figures.
The afternoon break was also in
iiluenced by reports of further declines
in the Southwestern spot markets.
October contracts sold off from 3O.O5
to 1852, or 96 points-nearly IS
bale-below the last price Of Tuesday,
and closed at 1915, with the general
list closing steady at net decline of
so to 90 points.
There were rallies during the earlier
trading, which were promoted by the
spot basis in the Southwest and the
expectation Of a bullish weekly report
from the Weather Bureau. Opening
prices were unchanged on November,
but generally Is to 20 points higher,
and active months soon sold some 20
to 40 points above the closing price
of Tuesday.
There was some irregularity later,
but the market held fairly steady late
IN the morning and another furry Of
covering accompanied the publication
OF the weekly reports. This started BY
saying that the week had been un-
favorable for cotton, but concluded
with reassuring statement as to the
condition of the crop, and evidently
proved disappointment to buyers.
AT any rate, it was followed by
renewal OF heavy general selling, which
carried the active months some 80 to
70 points net lower. Closing prices
were few points up from the lowest
on covering.
Considerable Southern selling, as
we'll as Wall Street and local pressure,
was reported around the ring, and
probably strengthened a feeling that
the markets could not sustain the
"eIght OF new crop receipts under pre-
yalllng trade and financial conditions
One of the private wires received earlv
sad that 400 points on the price of Oc-
tober at New York was being paid for
mlddllng cotton at interior Texas
points, but Southern spot markets as
oihcially reported were generally SO
to 100 points lower.
Mlddling cotton in the Dallas mar
ket is now officially quoted at 80 cents,
decllne OF about II cents from the
ihlgh prices of last spring. There have
neen declines of between two and three
cents a pound in most of the Southern
Spot POI markets within the last week.
me local market for spot cotton was
quleI and 100 points lower, at 35c, for
miadilng; no sales were reported.
New-York tribune., 1920-08-19
Protiteers Fined $4,000
New York State Clothing Con.
Germs Pay Total in Month

WASHINGTON, Aug. 18-Nearly
$4,000 in fines for profiteering in
clothing has accrued to the govern
ment IN cases just decided in New
ork State. Reports to-day at the
Department Of Justice said these in
cluded the Pulitzer Company, s1.750:
Kargo & Noxon, of Johnstown.
$4,000; M. j, Leo Company, of Utica
$4,000. and Isaac Fink Company, Of
Watertown, $1,750.
Similar judgments in various parts
of the country are expected during the
next month.
New-York tribune., 1920-08-19
Steamship Lines
Ask Shipping Board
For Rate Advances
nlajority of Carriers Now
Operating at Deficits That
Threaten Their Existence.
Witnesses Tell Examiner

WASHINGTON, Aug. 49, Great
Lakes, coastwise and Gulf carriers to-
day urged the Shipping Board to grant
applications involving approximately
sixty steamship lines for rate increases
in conformity with advances already
allowed the railroads by the Interstate
Commerce Commission. A majority of
the lines are now operating at deficits
which threaten their existence. En-
aminer II. T. Manghum was told by
witnesses.
Representatives of shippers are to be
heed Tomorrow, Owing to the short
time until increased rail rates become
effective, efforts are being made to
expedite the hearings
with the hearing opened William ]
Pitt, OF Philadelphia, on behalf of paint
and varnish manufacturers organiza-
tons, and George P. Wilson. repre-
senting the Philadelphia Chamber Of
commerce. made formal protest against
the proceedings, on the ground that
adequate notice had not been given
the Shippers to appear. Both said thew
had not been advised of the HEARINGS
until this week
Lines Report Big Deficits
A. d. Stebbins, president of the Mer
chants and Miners Steamship Com
pany. SAID his company showed a deficit
OF S'9l ,552 in 1919, while the Clvde
steamship Company, which he also rep
resented had a 1919 deficit of
Sl'@o''9o3. The Mallory Steamship
company, which, like the other two, op
crates along the Atlantic coast, the
witness sad, had loss of $643.l65.
The deficit for his company durinc
the first six months of this wear Mr Is
Stebblns estimated at $694,196. Even
with the granting of increased rates
conforming to those of the rail car
rlers, he said, his company would
virtually have no net revenue to invest
in new tonnage.
While not asking for increased pas
songer rates, Charles S. Hopper. of
Chlcago, General Freight Agent of the
Soodrich Steamship Lines, urged the
90 o0aro TO grant an average increase of
6o per cent in freight rates The com
pany would operate at a loss this wear
otherwise, he said.
Not Seeking Passenger Boost
+. A. Stanley, of the Great Lakes
Transportation Corporation, also said
ms company did not desire higher pas
senger rates at this time, but urged
a 40 per cent increase in freight rates.
The company had q deficit of S117,1l5
during the first six months of this
year, he said, compared with $4,000
during the corresponding period in
~! iSl9, ne estimated Increased operat-
ing expenses during 1920 at Sl,200,0o0
Passenger Agent of the Detroit and
Cieveland Navigation Company, urged
~ per cent advance in passenger
rates and 40 per cent on freight, while
a. r. Rogers, of the Cleveland and
butalo Transportation Company, esti-
mated that organization expenses this
year would surpass those of 1919 by
20 per cent. ~
j. NJ. Cleveland, vice president of
the Pere Marquette line steamers.
wrote the board that his company would
be compelled to discontinue service to
the ports of Arcadia, Onekama, Manis-
tee and Pentwater, Mich, and handle
az It's tonnage through Ludington,
Mich, with much slower service, unless
increased rates We're allowed
New-York tribune., 1920-08-19
Armenia Rapidly
Becoming Normal,
Declares Briton
Aneurin Williams, Member
of Parliament and Relief
Worker, Arrives ON the
Mobile; Theda Bara Home

Conditions in the Near East. and es-
peclally in Armenia, are rapidly becom-
ing settled, according to Aneurin Will
Jams, member of the British Parlia-
ment, who arrived yesterday on the
Mobile. Mr.. Williams, a member of
the Lord Mayors Committee, large
charity and relief organization of Lon
don, which has co0perated largely with
the American Near East relief commit
tees in Syria and Asia Minor, said re-
adjustment of internal affairs in Ar
menia is being speedily effected
II had a talk with ex-Premier Alex
ander Khatissian of Armenia just be-
fore leaving England" he said, land he
is very hopeful of the situation in the
Armenian Republic.
"Khatissian is preparing an appeal"
Mr.. Williams added, "to all the sigma
tories of the peace treaty calling on
them to help Armenia to enforce the
terms of the treaty. and just as soon
as President Wilson fixes the boun-
daries of the Armenian Republic | be-
lleve we will be able to put enough
pressure upon Mustapha Kemal to
compel the Turks to give back to the
Armenlans the territory assigned
them"
Mr.. Williams expressed the opinion
that Armenia's principal danger
seemed to be from Bolsheviki. He said
the movement of Red forces from tho
Soviet Republic of Azerbaiian was
serious.
Augustus W. Clarke, art dealer Of
Fifth Avenue, who has been abroad
IN search of antiques, said that old
works of art were hard to get in Eng
land, in Spain they cost too much and
the high export duties in France offered
no encouragement to bring them here.
There were several Japanese on
board who have been at the congress-
OF seamen's unions of the world in
Genoa They are Captain Ken Okla
sakl, Ioklchf Kato, Torataro Takagishi
and B. Kida. Captain Okasaki said
mat Japanese seamen are now being
unlonlzed and that higher wages and
improved conditions are expected as
result.
Jacob Engler, travelling in the first
cabin, came as the prisoner of Detec-
I've r. ~. McCullOugh and Assistant
District Attorney A. M. Beekman. of
Somerset County, N. ]. Few passengers
knew he was under detention until the
ship neared shore.
Other passengers were Charles De
Mont, formerly with the Standard Oil
Company; Walter L. George, an English
author, and Theda Bara, the motion
picture actress. There were 973 pas
sengers all told
Another ship docking yesterday was
the New York. Of the American Line.
She brought s2,ooo,ooo in gold and 77o
passengers from Southampton and Cher
bourg.
Two negro women, Mrs. Adelaide
Hayford and Miss Kathleen Mary
Easomn,. were sent here by the govern
ment of Sierra Leone, British West
Africa, to raise funds for the estab-
lishment of technical and domestic
training schools in Freetown for the
education of negro girls.
There also were on board Harry
Tate, an English vaudeville actor, and
Senorita Hilda Morena, Spanish
dancer.
New-York tribune., 1920-08-19
u. S. Department Reports
Drop i'll Wholesale Prices
Commodities Decline 2% Per
Cent in July, Says Summary
of Labor. Rureau

WASHINGTON, Aug. Wholesale
prices of commodities declined ap-
proximately 21a per cent during July
in the United States. according to a
report to-day by the Department of
Labor. The decrease in cloths and
clothing materials was the most no
table shown in the departments list of
index numbers. These amounted to
51a per cent, while foodstuffs declined
! per cent and farm products generally
go per cent.
The department reported that prices
were still above levels of July, 1919,
food articles having increased during
the year 24.l per cent, cloths and cloth
ing 12.4 per cent and fuel and lighting
47.4 per cent. Fuel and lighting ma
terials were products which showed no
decrease during July, 1920. according
to the departm ent's statistics but, on
the contrary, increased by 21s per cent,
making their current level the more
to other commodities.
New-York tribune., 1920-08-19
Employees Of Exchange
Get Insurance Policies

Seven hundred employees of the
New York Stock Exchange yes
terday received on the floor of the
board life insurance policies un-
der group insurance plan writ
ten by the Metropolitan Life In
surance Company. The premiums
will be paid in the exchange, and
the amounts of the policies vary
between $500 to $4,000.
New-York tribune., 1920-08-19
Sugar Futures Decline
Sharply on Trade Weakness

c, Current prices. Year ago.
Coffee, Rio. No. 'iV9 81 ~ occ 99,l e.os &c
Coffee. San, No. 7.22as @23 &c sosy3OI.c
The sugar markets were quiet and
dull yesterday. No new sales were re-
ported in raw sugar and the demand
tor refined was still very moderate.
Cubas were being offered at 11M
G. d f., Porto Ricos at 12.54c c. i. f. and
full duty sugars at 11A c. i. f. with
buyers showing no interest. If BUYERS
would enter negotiations for raws it
was believed Cubas might be obtained
for a less. :"
The futures market eased off sharp-
ly IN sympathy with raws and closed
at net declines of As to 80 points. with
the volume of business for the day Of
small proportions.
New-York tribune., 1920-08-19
Grand Jury Indicts Broker
For Alleged Misuse of Funds

George W. Wason, broker, of 7a
Trinity Place, Manhattan, arrested Las.
week in connection with the alleged
misuse of $1,000 Of the funds Of TIE
Samaritan Hospital, Brooklyn, was in
dicted by the grand jury yesterday. he
pleaded not guilty when arraigned be-
fore. County Judge MacMahon on .
charge of grand larceny. Wason was
committed to the Raymond Street jail
in default of 1000 bail.
The broker formerly acted as volun-
tary treasurer of the Samaritan Hos
pital
New-York tribune., 1920-08-19
Opens BROOKLYN Office

The Bank Of Manhattan Company
has opened branch banking Office at
the corner of St. Johns Place and
Nostrand Avenue, Brooklyn, under the
management of Oscar w. Kearney.
This is the second Office opened for the
convenience of Brooklyn people. The
company has thirteen offices in the
Borough nf Queens.
New-York tribune., 1920-08-19
l.. /. Potatoes Coming Tn

RIVERHEAD, L. l., Aug. 18.-Al-
though the wholesale price of early
potatoes is only 81 bushel. shipments
TO New York markets were resumed
from this section yesterday The grow
efs mad been holding their crops for
several weeks in the hone that the
price would go back to So. Fear of
rot caused the growers to ship their
products. They say it costs them $3.50
q bushel to raise early potatoes.
New-York tribune., 1920-08-19
DIVIDEND NOTICES
OFFICE OF
LOCKWOOD, GREENE& & CO., MANAGERS

A quarterly dividend of go (si.5o per
share) upon the common stock OF the ID.
ternational Cotton Mills has been declared
payable September l. 1920. at the Office Of
the Transfer Agents. the Old Colony Irus.
Company, Boston. Mass. to all stockhold.
ers of record at close of business Ausuf
10th 1920
INTERNATIONAL COTTON MILLS
ALLAN b. GPEENOI'GH Treasurer.
New-York tribune., 1920-08-19
FINANCIAL

THE FIRST NATIONAL BANK " "
Noun, Carroll located at Mount Carer
in tho State of Illiaois is closing US =.
fairs. All note holders and other cfeoa'e,. ~.
OF the Association are therefore hereby "a
tined 10 present the notes ana osN"
"'sims for payment
Wa. H wILDEY. PresdsnI
Dated June 30 1920
New-York tribune., 1920-08-19

Southern Spot Mnrkets-Memphis stead,

ooutIlern spot Mnrkets-Memphis steadv
~. so points lower at 35.50c; sales. 500 bales
ST. 81; LOUIS steady, unchanged at Sc soc; i;
sa'es, I'd M Houston steady, 100 points lower
at 'z.ooc, sales. 4,964 bales. Little Rock
quiet, unchanged at 35c; sales Mi. Dallas
stGady' s,ay' 20 points lower at SIC; sales, 1,53S
@ pales: So Fort Worth steady. 100 points lower
at o-.-oc; sales, 100 bales. Galveston
Qulet, 100 points lower at 33.5Oc: sales
ldn. 100 bales New Orleans quiet. rs points
lower, low al "5.25c; sales, SIS bales Charles
ton quiet. unchanged at 35c: sales MI
9 Mobile nominal. rs points lower. at SO. csc;
New-York tribune., 1920-08-19

ident of the Mercantile Trust Com
pany; William H. Woodin, president
of the American Car & Foundry Com
pany, and j. c. Traphagen, of the Mer.
camille Trust Company, secretary Of
the committee
New-York tribune., 1920-08-19
Burglars Take Communion Set

BELvIDERE, N. j., Aug. 1s.-When
the Rev. Raymond L. Scofield, rector of
Zion Episcopal Church, returned from
ms vacation he discovered that burglars
had entered the rectory, taking com
munion set, other solid silver articles
and several pieces of jewelry.
New-York tribune., 1920-08-19
UNION BAG & PAPER CORP.

wv OFK, Aug ust It, wv
DIVIDEND No 10.
quarterly dividend OF 2fo has ms
day been declared upon the stock Of this
Corporation. payable September l3. 1890.
10 the holders of record of the STOCK ol
this Corporation at the close OF business
on September g. 1920
CHARLES b. SANDERS. Secretary.
New-York tribune., 1920-08-19
OFFICE OF
LOCKWOOD. GREENE& & CO. MANAGES

The quarterly dividend OF * p Upon the
preterred stock of International Cotton
Mills has been declared payable September
l; 1920. at the office OF the Transfer Agents
tne Old Colony Trust Company. Boston
NJ ass, 10 all holders of record al the clo"
OF business August 10Th. 1920.
INIERNATIONAL COTTON MILLS,
ALLAN b GREENOUGH. Treasurer
New-York tribune., 1920-08-19
HE NEW YORK AIR BRAKE coMpANT

THE NEW YORK AIR BRAKE CoMPAST
SeNentyfrst Quarterly Dividend
Inc Board of Directors has this day oe.
ciared dividend OF TWO AND ONE-HALt
FER CENT for the quarter. payable sep:
tember gath 1920. to stockholders Of reeoIo
at the close Of business September md. lss''
The transfer books Will not close
checks for dividend viii be nailen ~ "
stock holders at the addresses last furnisnee
to the Transfer Office
c. A. STARBUCk. Presideos
New York. August 18th 1920.
New-York tribune., 1920-08-19
MERGENTHALER LINOTYPE GO;

DIVIDEND 80.
= regular quarterly dividend OF < p.
cent on the capital stock Of Mergenshssaiee. sae.
Linotype Company will be paid on osp,
tember 80. 1920. TO the stockholders Y; ',
record as they appear 81 the close o.
business on September Z, 1920. The IrsH''
fer Books WIZ not BE- closed.
JOS r MACKEY Treasurer
New-York tribune., 1920-08-19
LEGAL NOTICES


CREDITORS TAKE NOTICE q.
Charles h. Feuer sold August 80
1920. his Ladies and Childrens weei",s -
apparel shop, at so LenoS Avenue ,ns
Selda Seiden. Creditors having essss esrss
sko uld present them on or before Aussyr
320 Broadway.
New-York tribune., 1920-08-19
Livestock, Keats, Provisions

1GStcrduy. Year ago.
Live beef fair to
prime. 100 lbs S135OQDl635 s1375M16s5
d g d beef
sides, H. ..... 1870 25 17m "a
Live veal. COM
mon to prime,
100 lbs ..... l2.o0G19.oo 1s.o0@25o 90
d veal
city. lo.... $50 2o osm "a
Live ewes. 100
lbs ....... 1000 750 sho501o IN
Dressed mutton,
city. 10. .Os0 l6 1870 On
Live lambs, fair
TO prime. 100
lbs ' 1oOoO15 ,sosn,o
Dressed lambs N'''N
city. ID. . 1870 80 o5m 90
logs re zoo BIS -. 1ss25@17,5o 21,oo 90 90
bacon. lb. -. .2sss@24M .2sx0.slA
Mess pork, bbl.. 81. 90 61 SO 90 bs oo n hs "a
Mess beef, bbl 1S00Gp 10 90 an M ~ 81 IN
Lard. NJ ddle N''
West, 100 lbs 9OG1eon os7s0oe Sc
New-York tribune., 1920-08-19
COttonseed Oil

There was only quiet trade in the market,
with total sales for the day arrrep,tinn
$500 barrels. There was only moderate
pressure TO sell. but the tone of the mar
het was easy in sympathy with lard and
cotton. and final prices showed net losses
or to 10 points. Crude oil in the South
vas dull and sentiment in the market was
lnHuenced by statement by the Bureau
OF Markets. showing huge stocks of lard.
The range OF prices follows:
ecIa a1-'o
New-York tribune., 1920-08-19
Cotton Statistics

Liverpool Cables - Spot cotton quiet at
5000, American 1000 imports 1000. none
Asnerican Futures opened quiet; Decsm-
Der IL points higher. other months to S
points lower Closed quiet at a net decline
OF points to an advance of points
october. 22.10d; December, 21.O6d; Janu-
airy, oS5d; March, 20.31d May, 1887.
Manchester = Yarns dull and Irregular;
cloths in moderate demand
, 1920-06-11
Instructions OF Children I'm
Virgin Islands by wife of an
United States Admiral, t0ld,
Mrs. j. w. Oman.

While Congressional action is pending
upon measures to Americanize the Virgin
Islands, which was purchased by the
United States from Denmark in 1917,
one Energetic woman-wife of the Gov
ernor of Uncle Sans newest insular
possession in the Caribbean Seals going
ahead with an characterization project
of her own.
Reading, writing and arithmetic and
the domestic arts of cooking and sewing
these are the advantages being offered
the children of the islanders who are
declared TO be without a country" The
seif-appointed teacher is Mrs. J. W.
Oman, wife of Rear Admiral Oman, who
became Governor of the Virgin Islands
March 81, 1917 and sister OF Franklin B.
Morse, well known San Francisco news
paperman. .t.
The success that has attended her eff
forts to be of assistance to the residents
OF the town of Charlotte Amalie on the
island of St. Thomas, where the Govern
ment headquarters are situated, is spoken