davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
CHINO AND NEVADA
DIVIDENDS PASSED
Other Two Porphyry Copper
Companies to Make Quar-
terly Disbursements.

Two of the four porphyrv conner
companies passed yesterday the quar-
terly dividends due on their stocks at
this time. They were the Chino and the
Nevada Consolidated Copper companies.
Inc dividends of the other two. the
Utah and Ray Consolidated Conner
companies. were declared as usual The
reason for the declaration of the divi-
uends by two of the companies while
the payments due by the other two
were not ordered was explained in
statement made by Charles Hayden. a
director of the four companies. at the
close of the meeting. The dividend de-
clared on the Utah stock was Sl5O a
snare and that on the Ray issue %
cents a share. Those amounts are the
same as those paid on those stocks
three months ago, when 371h cents was
paid on Chino Copper and 25 cents on
Nevada.
1T has always been the policy of
the directors of the porphyries. for
which we are bankers" said Mr. Hay
den's statement, ITO keep their COM
panies in strong financial condition and
to shape their dividend policies largely
with that point in view. During the
period of favorable market prices for
copper in 1916 and 1917 all of these COM
panies earned considerably more than
they disbursed to the shareholders
They have felt during 1919 and 1920
that ii was only fair to the shareholders
that they should receive during those
years some of the surplus profits ac-
cumuated during more prosperous times
The Usual dividends were declared to-
day on Utah and Ray because of their
strong financial positions. Utah has
more than s135OOO00 worth of Liberty
bonds at par; 100000 of the United King
dom loan and/a cash balance OF more
than 100000. Its total quick assets
are more than $2i,oOoOO0 Ray has cash
balances in excess of s2,0o0,000 and other
quick assets of $1,000, 600. making n total
OF 100000 and no Indebtedness.
Nevada Consolidated is entirely free
from debt but its cash balances were
no more than sufficient to carry its
limited production of copper through
the present time of slow sale without
mourning some indebtedness. and there
fore no dividend should be paid at
this time Nevada has quick assets or
about s9.OO0O00. Chino Copper Company
has already borrowed some money on
copper and its board felt that, although
its earnings for the last year exceed
dividends, 1t should not weaken It's cash
position during the present period OF
dull metal market. and accordingly no
dividend was declared. Chino has net
quick assets of approximately $5,0O0.O0o
Large sales of copper We're made
within the last six weeks for all these
companies, but for delivery during the
early part of 1921 The cash for this
copper will not be available. therefore
until after the turn of the year"
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
TOPICS OF WALL STREET.
Mexican Petroleum.

The sharp run-up OF 5 points in Mexi-
can Petroleum and more moderate ad-
vances in Pan-Amerlcan Petroleum
were considered generally in Wall
Street as more than mere squirming
of shorts to extricate themselves from
a tight fix. In many quarters 1t Is
pointed out that the magnitude of the
contract recently signed by the Mexi-
can Petroleum Company and the Stand
ard Oil Company of New York. whereby
the former will deliver ,15O,0o0.00o gallons
of gasolene to the latter in 1921 has not
been fully realized by Wall Streets
speculative element. Although prices
were not made public. IL is understood
that the Mexican Petroleum Company
will get something like 20 cents a gallon
for the gasolene and that its margin
of profit will be tremendous.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
Pacific OIL Company.

The new offspring of the southern
Pacific company, created by the seere,
cation Of it's oil properties from its ran
SoIdinqs will be traded in to-day on
tha floor Of the New York Stock Ex-
change. 1t was admitted to list yes'er-
dav will be known as Pr, ana VIII os
dealt I'm at post No. 4. Its when lssueu
stock sold yesterday on the Curp DC DC
tween 351s and S1ss, closing az ',i ~.
Rights to the stock dealt IN on on, NC r ne
board advanced Ia points 10 -.Sa.
PC ,n,idation and moved fractionally'
~ ~ COMMITTEES on securities of the EN-
oharge has ruled that transactions IN
Southern Pacific shall be ex-rights jan
90, IA and that transactions in tne
rights must be settled on February o.
a fter when dealings shall be as IN Sc
curTtieg
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
WOOL MARKET IS STILL
WITHIN NARROW LIMIT
Prices of Last Week Irregular
and Easy.

BosroN. Dec. S.--The' Commercial
Bulletin OF tomorrow will say
Business in the wool markets of the
country has continued within narrow
limits during the last week and prices
are irregular and easy, although II Is
believed that n basis for larger business
Is being approached. Retail price cuts
are stimulating buying Of clothing and
some business Is being passed on to the
mills. Interest is keen IN the possibility
Of a wool embargo and tariff legislation
at the coming short session Of Con-
gross"
The Commercial Bulletin Of tomorrow
will publish wool quotations ~ follows:
Ohio and Pennsylvania fleeces-Delaine,
unwashed, 4s@50c. fine, unwashed,
36 % 37c. one-half blood. combing. 40c. /;
three-eighth blood, cofnblng, 35c. Mich
igan and New York fleeces---Delaine. UNI
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
The Floating supply.

Through it's interlocking relations with
American Petroleum great deal
of Mexican Petroleum stock has been
retired. and but few do not believe that
before many months shall have elapsed
a deal whereby the comparatively small
amount of Mexican Petroleum remain
ing will be converted into Pan-Ameri-
can stock will have been made IN
fact a three for one exchange ALREADY
has been mentioned about the street
The floating supply OF Mexican leeroe
Ieum is placed at 114.O66 shares, OF
witch edward l.. Doheny and his as
socjates own or control probably oo'ooo.
II Is reported that the present snort
interest amounts to between 10000 ana
so 600 shares, or sufficient to maten,
share for share, the stock now owned
by those who control the corporation
affairs
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04

washed, 4sc. (: fine. unwashed. $50 96c. /;
one-half blood, unwashed. 39c. three
eighth blood. unwashed. 34c Wisconsin.
Missouri and average Now England
One-half blood. 37@3sc.; three-eighth
blood, 81 a 32c. one-quarter blood rs a
27c. Kentucky. West Virginia and
similar-Three-ei blood, unwasheo.
98D37c. one-quarter. unwashed, 500
31c. Secured basis Texas--Fin-.
twelve months, 75@s0c. fine eight
months. CSC. California - Northern,
900 92c middle. county. SOC. southern,
coo. Oregon-Eastern. No. staple,
90 ~ 92c Eastern clothing, 65@70c. ;
valley, No. 1, soc. Territory--Fine
staple. choice. eoc. 9s1: one-half blood.
combing s06S5c.: three-eighth blood.
combing. soc. one-auarter blood comb
ing. 50c fine clothing, roc. fine, me-
dium clothing. 55@60c. Pulled--Dclaine,
s5c. AA, $50 soc. A. supers. so q 65c.
Mohairs--Best combing, 40G42c best
carding. 339 35c.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
Atlantic. Gulf and West indies.

Bankers in touch with affairs of the
Atlantic. Gulf and West Indies steam
shin Lines say that rumors that that
corporation would do public financing
soon may be dismissed as having no
basis on fact. 1t is understood that
the company has contaminated arrange
ments with the banks which assure IL
funds needed at this time and which
total less than s1o.000,0Oo. The loan
Will be liauidated from earnings of At
Iantic Gulf tankers and the company's
Mexican oil properties.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
CONSOLIDATED EXCHANGE.

On sustained inquiry Pan-American
oils again made the best OF any group
traded in yesterday on the Consolidated
Stock Exchange. an advance OF So in
Mexican Petroleum to 113l being the
feature movement of tho session. Cop
pers, steels and marines were under
pressure during the first half period
with attending declines of more than l
per cent. at the minimum. Changes in
the rails were Irregular. Reading moving
up points TO 9lh, which Southern
Pacific fell back to 1914. Keystone
Tire and United States Rubber were
weak factors. the former yielding tx to
IA, a low in recent years, and the lat
ter 27s to 67as.
Pan-American rose 3h to s47s, Texas
Co. IL TO 50h, Middle States to 1874.
American Wooden ia to 74ia. Famous
Players to b4h, Virginia Chemical to
3ois, and Atlantic Gulf Ia to lila. while
Marine preferred was offered down pa
10 s2i4, American International III to
4Oat, Studebaker Ia to 45A, General
Motors ia to 10, Crucible TO 20. United
states steel to 50, and Vanadium l to
l3l.
Baldwin Locomotive receded 1h to
ei%, Car and Foundry ~ to 124%. Inter-
national Paper ia to 592s. United States
Food 2ik to 29il. Corn Products III to
72ih. Anaconda Copper IL to 3s5k. Utah
ia, TO 503s, Cerro de Pasco to 2oA, New
Haven to 2Oih, and Pere Marquette TO
1917.
The following have been admitted to
membership on the Consolidated Stock
Exchange: A. t. King, IS Broad street,
David G.. Schulkind, 20 Broad street:
Thomas r. Plunkett, 20 Broad street;
Robert J. Snidewind, S6 Beaver street;
Abraham II. Goldberg, "a Devonshire
street. Boston: A. H. Romberg, 81 Broad
way; W. r. Holigan. Jr.. Stone street;
Robert Jeanson 10 Exchange place;
William f. Sauer. II Stone street;
Thomas II. Cowley, lis Broadway; Harry
10. Dackerman. s6 Beaver street, and
irwin T. Skolly, 80 Beaver street.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
p.,u,,dtnr Credit Balances.

The Governments of Great britain
and France, bankers say are reuu ne
the amount of their treasury pliis neie
IN bare minimum. Great bI BTU an 900
reported to have less than s-V'oV.0o 90
outstanding in this country, OF apour ,t
per cent. of the maximum 1891
British gold is being sent 10 .ne thot
State periodically. ana me .neo. 40 he
i,g carefully rebuilt is held by pans
ars Sbipments thus far In that move
n,ent total s14,OOO,OOo and further ar
rivals are anticipated as the gold can De
spared.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
Avern yes.

Those traders who follow charts OF
stock market prices as reflected In av-
eraRes point out that the market has
been In n trading area for more than
a. week and that, although some stocks
have exhibited strength and some weak
ness during that period. the list as a
whole. has made no progress either way.
The averages OF industrials stood last
night within d fraction of the figure
at which they closed on November 2s.
Rail averages closed last night at the
Identical figure at which they closed on
November 30. The average of twenty
representative industrials registered yes
terday a decline OF % to nos. while
the average Of twenty rails rallied .0S
to 77.5b.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
cov.rpmcnt Financing soon.

The statement made by David iious-
ron secretary of the Treasury. to tno
senate and House joint committee on
agriculture to the effect that the Gov
eminent would be Obliged to borrow
$500 600 900 within the next few weeks e,ss
rs lea tn the belief in banking circles
that be will offer soon a large issue oil
certificates of indebtedness the Gov
eminent has maturing on December 10
tax certificates amounting to more ln ,a,l
500 900 COO and it is considered prooaple
that the new offering will come peiore
that day.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
Investments in Mexico.

Large corporations with investments
in Mexico are more cheerful now than
at any time since the amlcaple ar
rangements with Porfirio Dlaz were
severed by his death. Agents OF MeN,eo'
In a roundabout fashion. nave cen.
cred this message: you WIN NJ
nothing further to fear IN MeAi.o' ,,.a
will not be molested pS 80,
con,a and go as you please. Mexico $
80, ADMINISTRATION is a business ad-
,,,inistration. run by business men,
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
MILLER's" OUTLOOK.

CHICAGO, Dec. 3.--According TO tho
Modern MiiIor conditions remain gem
orally favorable over the winter wheat
belt Low temperatures. which prevailed
recently IN parts of the belt. have done
no visible harm. The ground has suf-
hcient moisture with few exceptions. In
dications are that the crop will go into
winter with higher condition than it did
last year Winter rye has strong
growth generally. No important move
ment OF wheat from the farms Is ind-
Gated. Stocks IN all positions are mod
crate"
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
FINANCIAL NOTES.

syndicate composed Of the Mercantile
Trust Company. NJ g. SteinbcrF Co Papo
Potter a Kaufman Inc, aud Friedman.
b'Ccnch Duhmc all % ST. Louis have
purchased and are offering 81 900. 200 OF
rain Beach County. Florida, Lake Worth
Drainage District per cent bonds. 20 yield
$40 per cent. They arc tax exempt.
New York stock Exchange firm Of Holmes
Bulklcy Wardrop has been dissolved, and
new firm formed, under the name ~ J.
u Holmes co. J y Holmes is the son
time Of his death. IN 1901. was senior partner
" he banking firm Of ". Holmes & Sons
~ Pittsburg. which was established In 1922.
The other members of the new firm arc
jay ~ EDDY, Frost llayend aud Robert
W keelips ~ New York. and Joseph ".
Holmes Ralph $ Richards and Stewart NJ
Nockei Of Fittsburg
Henry L. poheriy & Co. have appointed
Allyn s. Gouden. who has been a member
~ the sales force Of their New York or
Eanization. district rales manager % their
baltimore office 6. ~. Henrichson has
resigned that position 90 Join the securities
sslcs department OF General Motors Com.
pany.
Frederic l.. Putnam. formerly with n NJ
Grant & Co. Is IN charge OF watkins 4 Co.'S
municipal bond department
Albert J. Qrist formerly of tho william
". Compton COMPANY r. manager ~ Hall
sarten 4 Co.'S municipal bond department.
Ralph 8 Allen has Joined the selling or
fanization OF Bainbridee Ryan.
Morris & smith. members Of the New York
Stock Exchange, have enlarged their money
Dope by the addition Of several col
lateral loan experts.
Nvynfted States Mortgage and Trust Com
pany has been appointed transfer agent ~
fhe Republic Sugar Refining capital stock.
consisting Of Al 500 600 OF preferred stock
500 par. and 10000 shares Of common stock
o. no par value.
rfnisey, Stuart a CO. have purchased and
are offering an additional block Of $500. 600
Of Houston Lighting and Power Company
first MORTGAGE per cent sinking fund gold
bonds, due on April 4. 1891, for 20 and inter.
est 20 yield "a per cent.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
New stutz Director.

Alvin IJntermyer. whose father sam
80, rrn,ormver has been retained by
Allan A. Ryan in connection with the
tai,inr over OF Ryan's affairs by COM
mittee Of bankers. was elected yester-
AZ. director of the Stutz Motor Car
Cownanv of America. Its directors de-
CARED Yesterday the usual dividend on
the company's stock. Mr.. Untermyer
declined 10 comment on his election.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
CUT WORKING HOURS IN HALF.
American Section of Cotton Trade
In England Acts.

MANCHESTER, England. Dec. 3.-The
American section of the cotton trade.
which constitutes three-fourths OF the
whole cotton industry, has decided by
ballot, the result OF which was an
nounced this afternoon, to reduce It's
weekly working hours from forty-eight
to twenty-four. That decision affects
100000 operatives
The action of the industry is attributed
to the recent decline in cotton and the
poor demand for yarn and cotton goods
from all quarters.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
wiIIys-OverIand.

A decline of Az points In WHY'S
Overland preferred. new low mark
for that stock. gave rise yesterday 10
the report that directors OF the WHY'S
overland Company in their next meet
inn would make some sort or read
iustment OF dividends on it's common
and preferred. The latter pays per
cent. and the former / per cent.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
Actun Explosives.

A,nrox,mately 100000 shares oil
- r-xnIosives common have been de-
,,os;tad under the terms Of the agree
,,,e,, FOR the sale of the Aetna En-
nlosives Company to the Hercules Pow
der Company Interests In touch WIN
the formers affairs assert that deposits
In hand assure the success of the plan
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
LONDON MONEY MARKET.

LONDON, Dec. Bar silver. 44%d
an ounce bar gold 1i7s Cd money,
AZ per cent. Discount rates--Short
bills, elb per cent three months bills,
ess per cent. Gold premium at Las
bon, 14A.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
ROAD ORDERS NEW RAILS.

BALrr MORE, Dec. 3.-Orders for steel
rails aggregating $4,000 tons for next
seasons delivery have been placed by the
Baltimore and Ohio Railroad Company,
involving an expenditure of between s3.-
500. 900 and s4.000,000, 1t was announced
by the company Here to-day.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
LIVERPOOL coTroN MARKET.

LIVERPOOL. Doc 3.-Weekly cotton
statistics: Imports $1,000 bales, Amer
lean $1,000 stock 100000, American
$50. 900; forwarded $4,000 American
$4,000; exports 1914; sales 10000,
American 10000 quantity anoat all
kinds $4,000 bales, American $4,000
bales.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04

CLEARING HOUSE STATEMENT.
Clearing House exchanges. $500, 343, p5f /;
balances. 500. 126. sal 5uhTreasury debit
balances S2,3i7,76f Federal Reserve credit
balances. $50, iOiii0
SILVER MARKETS
Official bnr silver In New York-Domestic.
p0i4c. ounce, unchanged: foreign. zoe up
asc. London. 4i9.d., up I'D; Mexican dollar
53hc., up %c
CANADIAN EXCHANGE
New York funds IN Montreal tf4i 81 pre-
MUM per 81 900. Montreal funds in New
York. s12i.25 per $1,000
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
Custom HOUSE RECEIPTS.

Receipts for duties at the Custom
House yesterday were $6S3,660. 20, OF
which s205,s75.20 was for merchandise
withdrawn from bonded warehouses and
sa77 .7sb.os for recent importations
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
pENNsYLvANrA OIL MARKET.

OIL CITY. Ia, Dec. 3.--Credit ball
ances. S6.10; runs December l, 26,02t
barrels; shipments December / and 2,
s0,67s; average shipments, 40,33e.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04


ror made at price of tn regularu
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-04
MONEY AND EXCHANGE.

CALL MONEY.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1920-01-03

Mack Is such an flonsa,ed teller.
We wonder how re sapds. u cellar
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1920-01-03
BRITISH NOBILITY
IS GOING BROKE
MANY MEMBERS or pYERsGR
WIRE HARD EFT FIyAN.
CAL1sy nv WAR.

LONDON. Jan. 2.-EnEiish nobil-
lily Is going broke" The new
poor" Is the phrase invented BY the
Daily Mail To describe members OF
the peerage who have been lef, in a
bad way financially by the war.
In the hunting shires OF Delees-
iershire and It's neigfborhood there
Is ample evidence OF this poverty"
says the Daily Mail. The country.
side n filtered with big, empty
houses and empty stables.
The mobiles are too poor 10 hunt
and the old time gayety OF these
provincial districts Is now all gone.
The old hunting crowd has been
hard hit by taxation. The cavalry.
men who were the life OF the hunt
ing field are dea dor vanished. Their
friends have not the heart 10 return
The foreigners. Italian steeplechas-
ere. Belgian millionaires and Aus.
TRAN MOBILES are seen no more. The
new rich who have nibbled at the
empty houses are frightened off by
the big stables. They do not hunt
and they fear that the expense of
maintaining the establishments
would be too great"
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1920-01-03
pnumeratorr. There b q way.

enumerasors. There IL way.
II you have a lodger In your home.
for instance. who IL a railroad brake
man and frequently out OF the city.
remember that he may be out Of the
city when the enumerator comes 60
your home. That belng the case. you
can help by taking the full name. age.
nativity and all the other informa-
ton concerning this border. and hav-
ing the same ready when the enum-
orator reaches your home.
This will save the census taker an
extra trip to secure the Information.
II may be that the census taker after
several trips would not find your
lodger. Therefore YOU would add
one to the county for Amarillo.
c. ". Mccullough OF the Guaranty
State Bank. made a valuable iugges-
ton At the meeting OF the Rotary
Club yesterday. He urged tina, every
employer see that all Of his employees
are counted, and IL they have not
been to arrange for them To give the
ennmeratcr the desired information.
Amarillo is growing rapidly. An.
aFillo should have the credit for IT,
growth.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1920-01-03
DEATH Of PARIS
DANCER CAUSES
FIGHT ON DRUGS
POLICE NOW MAKING WHOLE.
stLF ARRESTS Of COCAINE
VENDORS
By newton q. Parke.
interuas ianai News Service staff
Correspondent.

PARIS. Jan. s.--The death under
tragic circumstances OF Cirque. once
Z welhkuown Parts actress. has crys-
,aliised nublic attention on the drug
evil. with ths result that the police
are now making yholesale arrests OF
vendors Of cocaine. morphine and
heroln.
SN years aeo Criqui arrived In
Paris frcm a provincial town. an or
phan seeking work. She obtained
employment as a chorus girl. but adj
vaneed 80 rapidly that In less than
Two years she was one OF the stars
Of the Paris concert halls. Then she
began to lose her sprightliness and
finally disappeared from the stage al
together. The theatrical people down
town heard that she was proprietress
of rendezvous Ia Montmsrtre for
gamblers who played only for heavy
stakes ead that she was making a
fortune. One or twice q month she
dined alone al one OF the big res
taurants near the Opera and always
departed alone IN a big limousine.
A few nights arc Criqui entered the
famous Bal Tabarin dancing palace
III Montmartre on the arm OF a slen-
der, swarthl youth. evidently OF
Spanish extraction. They ordered a
bottle e. wine and began dAneing. In
the mids, OF Wild fox trot and with
the eyes OF hal. OF the spectators on
her. criuai suddenly fell TO the floor
in swoon. She was carried to the
dressing room. but died without re.
gaining consciousness.
The police investigation showed
that Criqufs death had been caused
BY an overdose Of morphine and that
another showgiri. known on the
stage as "Mi,zi." had given "a 10 her
Mtg vas first held on n homicide
charge. but finding that she could
not be convicted the police laid
row charge OF traf,ickins In drugs.