davidaulloa/AmericanStories huggingface dataset:
The Sun and the New York herald., 1920-07-22
REPUBLICS GOOD SHOWING.
Steel Company Earns Fall Years
Dividend in SIX Months.

"'NSA N"paAS EAEHh Ful AehE'A
Dividend I'm SIX Months.
The Republic Iron and Steel Company
In the six months ended on June 80
earned the full years dividend OF 6 per
cent on It's common stock. with bal
ance in addition amounting to 81. .4O7. 900,
according to combination of the re-
port for the second quarter OF 1920,
Issued yesterday, and the one for the
frst quarter OF 1920, issued three
months ago. Earnings share on the
$30.0O0,000 Of Its common stock In the
half year. covered by the combined re-
ports were $1069, against sass In the
corresponding 1919 period. In the Sec
ond quarter of 1920 $500 n share was
earned and In the first quarter OF 1920
$4.49 q share.
AS result of the half years opera
tions S2.307.S17 was added to profit and
loss surplus, increasing that item to
SS6,200.000. Net earnings for the six
months ended on June 30, after Federal
taxes and charges for maintenance, the
latter Item aggregating S2,S4O,931, were
S5,146,707, or more than double the
$2,525.155 reported in the corresponding
1919 period. The gain was s2,621,552.
The surplus for dividends, after depre-
ciation. interest &C. vas $4,0S2,s17,
gain Of S2.5l7.945. After the deduction
Of SS75,000 in preferred dividends the
balance available for the common stock
was SS,20Isl7, in contrast to yeaS's
dividend requirement at the present rate
OF 81, 900
The second quarter made a better
showing than the first, the surplus avail
able for dividends being s2,SO5,5OO.
against i,777Sl7 In the first period. Net
earnings In the second quarter showed
gain OF s1,s40,e17
The Sun and the New York herald., 1920-07-22

The manner in which Reading recovered
its dividend day before yesterday ana
the continued upward surge OF the stoci:
yesterday through 81 for net gain OF
Q points has given rise to the report
that strong interests back OF the cor
poration are engaged in a campaign oil
accumulation. Bullish talk on Reading
may be heard in all parts Of the Street
and bales OF gossip about its prospects
go out every day to all parts OF the
country via the wire houses. Readings
floating supply is small one and IN
the opinion of many people who are
watching the stocks market action, is
growing smaller all the time, because the
owners Of big blocks Of it are parttcu-
larly tenacious in holding on to their
property. The attractiveness Of Read
ing, of course. lies in the mystery OF just
what distribution of its assets will mean
to holders OF the stock.
The Sun and the New York herald., 1920-07-22
Sugar stocks Crack.

Depression in the price of raw sugars
was seized upon by the bear CLIQUE as a
peg on which to hang a swift assault on
the sugar stocks yesterday, and the
group as whole. was nervous, irreg-
ular and lower, Manati and Punta
Allegro bore the brunt Of the attack
although American Sugar and
Cuban Cane exhibited sympathetic
weakness. Declines ranged from az
points in Cuban-American Sugar to 7H
points IN Manat. 1t is pointed out by
houses which specialize In the sugar
stocks that practically all big cornora :
tions have disposed of their 1920 stocks
at favorable prices and that the fiuc-
tuations Of the raw market should make
little difference in 1920 earnings. On
the other hand. the sugar stocks un-
doubtedly have worked themselves into
a weak technical position which unlike
that of the general Industrial list, has
not been corrected. '
The Sun and the New York herald., 1920-07-22
Money More Plentiful.

Every day brings accumulation of evil
dence that the money situation is well
in hand, and that while a reduction
from the per cent, figure for call
funds is hardly expected in the immedi-
ate future. yet there IS ample money
at that figure. One bank yesterday ar
ranged call loan for 100000 on Lib
erty bonds at 6 1-2 per cent, subject to
five days notice on either side. Brokers
leans incidentally are at their lowest
ebb in many months, according to the
consensus of Wall Street opinion. One
estimate places the total of such loans
at approximately $500, 100000, an aver
age decline of more than $l,000,0OO
daily in the last month and decline of
more than 40 per cent. from the peak
reached in the market last fall.
The Sun and the New York herald., 1920-07-22
RepubIIc,s Earnings.

Earnings for the quarter ended on
June 80 by the Republic Iron and Steel
Corporation showing q surplus of $2.305,-
SEQ, equivalent to s622 on the stock
contrasted with $510,91G for the corre-
spending 1919 period were even more
favorable than the Street had antici-
pated. If Republics earnings for the
quarter may be taken as a guide to the
earnings OF United States Steel. and as
q guide to those Of other corporations,
classified. like Republic, as ''indepen-
dents" the steel industry is Undoubtedly
recovering very quickly from the adverse
conditions that beset 1t in the earlier
part of the year. The earnings of So
S05,500 for the quarter ended on June
80 contrast with surplus of $l,777,3l7,
or SAG share in the last preceding
quarter.
The Sun and the New York herald., 1920-07-22
CUTS 200 PER CENT. MELON.
II. J. Reynolds Tobacco Co. De-
cIares stock Dividend.

A dividend Of 200 per cent, payable
in new B stock of $25 par value has
been voted by directors of the R. j.
Reynolds Tobacco Company.
The plan comprises the exchange OF
both classes OF common outstanding and
Of 500 par for new stocks of $25 par
Four shares OF S25 par will be given in
exchange for share of 500 par For
a share Of old stock, par 500, share
holders will receive four shares of old
common, S25 par and eight shares OF
class b stock OF $2b par For a share
OF b common, par 500. shareholders
will receive twelve shares Of class B OF
S25 par.
The Sun and the New York herald., 1920-07-22
Ducyrus Company.

Mitchell D. Folansbee, director and
chairman of the executive committee Of
the Bucyrus Company, stated yesterday
that there had been an informal discus
sion OF a plan to pay off in lump the
2j per cent. back dividends on its cumu-
lative preferred stock It is expected
that definite action will be taken at the
next regula- meeting Of its directors
which Is scheduled for September.
The Sun and the New York herald., 1920-07-22
Exports From Nnr X..,-

Exports from New York yesterday ::
Rye. 23S,5O6 bu.; -four. 55,s54 sacks !.
lard. l'3OO lbs,S flour. 1000 bbls. beef
Loo obls. ; dytonseed oil. 10000 lbs. !,
luhricating ou5 5000 gallons
The Sun and the New York herald., 1920-07-22
London Money Market.

LONDON, July 21.-Bar silver. 52%d.
al ounce bar gold, 1915 Cd; ; money,
"a per cent discount srates: short
bills, 6 per cent. three month bills. Ga
per cent Gold premiums at Lisbon, 140.
The Sun and the New York herald., 1920-07-22
silver Higher in London.

LONDON. July 21.-Silver jumped two
pence halfpenny to-day under fair sized
buying orders from India on market
somewhat bare OF supplies The closing
tone Wag strong
The Sun and the New York herald., 1920-07-22
MONEY AND EXCHANGE.
GALL MONEY.

Iow.............. Slkanpwals. s........ y
Years high. ...... 25lYear's low ........ q
CLEARING HOUSE STATEMENT.
Clearing House exchanges, S7T2 G31, ,aj4: :
balances. Saa. .7Ta.2 .257; Sub-Treasury debit
balance. S323, ,AS1; Federal reserve credit
balance, 81. .l67.377.
CANADIAN FXCHANGE.
New York funds in Montreal, S12l.S7 pre-
MUM per 81 900; Montreal funds in New
York, S116.56 per 81 900.
SILVER MARKETS.
Official bar silver I'm New York, domestic
90i4c per ounce, Unchanged foreign, nae
up 4hc.; In London, 55Itd.. up 2i,d: Mex
lean dollars, tic, UP 3Isc.
FOREIGN EXCHANGE.
CpEAT
The Sun and the New York herald., 1920-07-22

The American Smelling and Refining
Company advanced yesterday the price
of lead from s TO $50 cents.
The Sun and the New York herald., 1920-07-22

Government Bonds
Investment Securities
Foreign Exchange
Letters of Credit
The Sun and the New York herald., 1920-07-22


full 0AieS
The Sun and the New York herald., 1920-07-22
NEW YORK STOCK EXCHANGE QUOTATIONS.
DNEsDY JULY 1920
1920. 1919. 1918
a50l.452 1.497S25 2S0.OS2

WEDNESDAY, JULY 81, 1920.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1920-04-27
TONGA.


Z. :. Bosle} was elre.ed one of the
/ 'illa-e trustees IN t!tmn. tn Tues
( Gag.
Mrs. ". 4 Flint spent Il few days
with Miss rillic t.pn.aagsh III prri
I the pest week..
Mr.. t. ], nans.r - rff,,eo y..,.
- puas, in tho t5ara,1 Enn,a ,
fan 5.,.. las, woal 90
Henry white and vii. h,,, ratr,.,.
cd tr,r rsIiforrf, ,,.s.rs ,hav .nar,
several month.
Mn Ailrr, C,..,t ......... ,.r.r.,,o3 ,,,
m the Ia Sal,a ho.aft.t i,st wool,
She is raro,orite, r{e.t,.
Dr O. "a Sr,ifb ana ,,if. AFRO ,o,
lora.ad in In salIa Tba-, .nrnt rhe
winter in 81 pntarshpra Fr3
Claude Do,lea- mi f5t,+tfg visited tho
formers brother Roll4pd and wifo o
few da,.- mo nast v1als
Mis-. !osnnbin, pafrsah !. hon.
frnn, ,bn bn.nitaf an i. .,e,, reon,a,
jro fron bar n,,or..t1.. a.. ,,.nnndi
Gifts nsrfornod = .,ho,t ti1,a 40,
! n SaIishnry and - j,a,,,,o,5
.and -hai~ ,,ivns hara 5r,.,qad afrnr
.Yeosirg tbn g.into, j., r,Iffcroi,
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1920-04-27

The Modern Literature club held a
very interesting meeting last night
at the home Of Mrs. II. ]. Ruckrige.
ON Ills Post street Twelve members
of the organization were in attend
ance The annual business meeting
and election Of officers was held. at
which time the retiring officers were
unanimously reelected to serve dur.
ing the ensuing year. These are.
Chairman, Mrs, Myrtle Sparks.
Vice chairman, Miss Elizabeth Col
well.
Secretary, Miss Gertrude Barnard.
Mrs Sparks was presented with d
beautiful bouquet Of carnations by the
members Of the club, 1t was decided
to make a study of the islands of the
earth next year At the close Of the
business session a very enjoyable 50.
cial hour was spent.
y 81 =
Fifteen ladies gathered at the home
OF Mrs W. y. Duncan on Illinois ave
nue. yesterday afternoon TO attend
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1920-04-27
Agreed With Daddy

Marjorie liked 10 play IN the ground
Feed her father mixed up for his
horses. She had been Scoldcd for this
without effect. SO one day her father
catching her in the act, picked her up
and gave her Il spanking. As he put
her down he said "NOw. my young
lady. that Is just enough Of that"
Nell say it's" came the fearful an.
swer
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1920-04-27

Illustrating Blouse Pattern 2177.
cut in Size; "a, ID. IS, 40, A.
aad Al inches bust measure ana
skirt Pattern 3iG+ cut i'll I Sizes:
-. -, rs. 80. -, g and Sc inches
waist measure, TO make The costume
for Medium size Will require "a
yards OF IS inch material
Taleta with chenille embroidery.
srl', yoiA' with bands OF embroidery
ar linen N.n padded embroidery
would tie atttaettae tar tits style.
The width Of the skirt at its lower
edge is Isl ward
This illustration Calls for TWO
separate patterns which will be
mailed IL any address on receipt of
ICE FOR EACH pattern in silver or
stamps.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1920-04-27
Reqular Meetinn

Ottawa Post No. 30, American Leeion,
Moose Hail, Tuesday evening April
~, 40. Business OF Importance.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1920-04-27

Political siuiation-TAe CRATER q
fob.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1920-04-27
Patterns for
Home Sewing

A pattern Of this illustration
will be sent your address. FIJI
out the attached blank and mail
TO the Free Trader-Journal, en-
closing Tic In money or stamps.
Please allow ten days tIme In
which to have pattern delivered
you.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-05-27
Sea-horses Scarce.

For q long time one of the most
pOpular exhibits at the aquarium has
been the sea-horSes, says the New
York Times At the present time
there is Il scarcity Of these interesting
fishes with miniature horses heads
and queer tails. w. L. De Nyse, as
sistant director. said the scarcity
might be attributed to the excessive
cold Of two years ago, in which many
uf the delicnte little fishes might have
periShed before reaching warmer lati-
tuteS.
When in captivity sea-horSeS have
to be- fed on minute marine worms.
They are found in local bays, and Mr..
De NySp has seen as many AS eight or
ten with their tails hooked together
drifting With the tide. They are among
the most unique of fishes. and in the
aquarium tank they may be seen with
their tails linked together like so
many monkeys. The scientific name
Of the horse is Hippocampus. They
were known to the ancient Greeks and
Romans. /.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-05-27
, CONTENT IN THEIR ISOLATION
Ask Nothing Of the World
Save liberation.

While new republics are engaging
living its life in northern Spain and
seemingly we'll enough content to re-
main comfortably hidden in the pyre-
nees. Covering perhaps 100 square
miles Of fertile valley among the
mountains, census of the republic
Of Andorra would number no more
than 5000 persons, many of whom
make matches; to buy those matches
in Andorra purchasing agent Of the
Y. NJ. c. A. journeyed from Paris dur
ing the war, and his account Of the
adventure in the pages Of Travel ID
PRODUCES the little republic to the
readers Of that periodical. Charlie
magne, one learns, gave the Andorrans
their liberty something over LOO
years ago, and there they have re-
manned ever since, too small and ut
the same time too inaccessible, pre-
sumabIy, to have their liberty taken
away from them. The bridge still
stands, arching a mountain stream,
on which the ancient Andorrans are
believed to have signed their treaty
with Charlemagne in $40. A "pictnrt-
book country" says the seeker for
matches, and enumerates "black
mountains with real caverns, ruined
towers and bridges, peasants In scar
let and green and tam-o' -shanter caps,
driving pack mules and herds of
sheep along the mountain roads" A
contented little republic, apparently
where all that the people ask Of the
outside world is that it buy their
matches and other native products,
and otherwise leave them alone.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-05-27
NORMAL NEWS NOTES

Miss Mary G. Deem was unable to
meet her class the last two or three
days Of last week. She was i'll again
Thursday of this week.
The speakers at the evening SER
vice of the NJ. E. church Sunday eve-
ming were Professor w. NJ. Wemett,
Amanda label Of the Valley City
High School faculty, and County Sup
erintendent Nellie Whitcher. The last
two named are members of the alum
nj. These speakers gave short talks on
the present educational crisis and the
shortage of teachers. The talks were
to the point.
Miss Ether Clark and Miss Ger
trude Widdifeld, of the Department
of Home Economics, went to Bismarck
by auto last Saturday afternoon to
spend Sunday with Miss Clark's sis
ter, Mrs. E. A. Thorberg.
Word has come to friends recently
from Miss Nellie Farnsworth, former
ly teacher in V. c. N, that she is
now the welfare worker in the Ar
mour plant located in South St. Paul.
She finds her work exceedingly inter
esting and growing rapidly. Sewing
and millinery classes have been start
ed in addition to the social work
among the employees.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-05-27
PIPE MAKERS USING BIRCH
Wood Has Been Found to Be Eminent
~ Suitable, After Treatment by
Special Process.

American birch since the war has &C
CURED a South American name. Nova
days it is fashioned into pipes and
then called something besides birch.
The only evident reason for the
change seems to he the fact that the
process that converts soft birch into a
harl pipe was originated in Latin
American country, according to the
New York Evening Sun.
Brentwood owes its new name and
its present prominence in the pipe in
dustry to the war, which cut off the
supply of briar and sent the prices
of the stocks in America sky high.
Substitutes have been sought for
the expensive imported briar. The cess
sation Of importations with the war
they haven't been resumed yet-inten-
sites the search for an American wood
that would provide suitable substi-
tute.
Many native hardwoods were tried
without success. Most Of them were
either too hard to be worked into pipes
or too heavy to rest comfortably be-
tween smokers lips. Then some
one hit on the expedtent Of trying a
soft wood and employing a process tina t
would give it the required hardness for
use in pipe manufacturing. Birch was
found the most suitable for the pur-
pose.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-05-27
SULPHUR Deposits In Alaska.

Located in the crater Of snow
capped volcanic mountain on Cnalasku
island, one of the AIeutjan group, Is
Il large deposit of sulphur. believed to
contain from 10000 to 1900 tons. A
claim has been filed for the location,
and mining operations probably will
start in the near future. Subter-
ranean heat and hot vapor, the lat
ter issuing from cracks III the rocks,
keep the deposit free from ice and
snow. though these permanently cover
nearly all Of the remainder Of the
peak, which is about 5000 feet in
height. Another sulphur deposit has
been discovered on Akup island, in the
same group. and a third near Stepo-
yak bay, on the southern shore Of the
Alaskan peninsula.-Popular Mechan-
les Magazine.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-05-27
HARD TO BEAT THAT SYSTEM
Neuro Walters Method Of Securing
Tips Apt to Be Trifte eewi!-
derinq to the Uninitiated.

In New Orleans there IS a negro
waiter who is the acme Of polite atten-
ton and skill There really isn't much
for one to do but open ones mouth
when John is the servitOr. The other
day a man came in who was sized up
by the experienced John as probably
q "little close" but the service was
fully up to the usual high standard
The bill came to 80 cents and the
patron handed over dollar bill.
John proceeded to present the man
With his hat as though it were r"ro-
net, at least, and was in the middle Of
his second bow of dismissal when the
man asked:
"Where's my changer
"Change, sab? Oar warnt none,
sail. 'ceptin' my tip-thank you, sab y
John replied with another bow.
but l hadn't given it to yOu,' the
man protested.
"Oh course not, sab! :" John respond
el with still another bow and smile.
"Ah wouldn't think oh perlnittin' you
to 30 to all dat trouble, sah!" and the
customer vert slowly out, looking u
trifle dazed.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-05-27
OIL Wells Detected Electrically.

New uses for electricity are con-
stantly appearing. One of the latest
Is the detection of crude oil in the
earth instead of boring for it.
1t is stated that crude petroleum
has been located electrically in the
shallow oilfield near Corsicana, Texas,
and that further tests are being made
around Burkburnett. A series of bat
teries Is used for the test, the negative
terminal being connected to a wire
which is dropped into dry waterhole,
valley or indentation, and the positive
terminal being connected to n Gland
WIRE" which is used to make contact
at various points on the surface of the
field investigated. 1t is stated that
the higher electrical resistance Of OIL
compared with other constituents OF
the earth, permits it to he located by
the reduced DETECTION Of a sensitive
instrument in the circuit.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-05-27
ALUMNI NOTES
Hansen, Idaho, May II, 1920.
Normal School Budget,

| Hansen, Idaho, May IT, 1920.
Normal School Budget,
Valley City North Dakota.
Dear Editor: Please change my adj
dress to 8O2 Patton Ave-, Portland,
Oregon. I look forward to the Bud
get' day every week and am anxious
not to miss a single copy. Although
it contains many strange names, it
is like 1.-The tie that binds"
Our school closes this week. | have
enjoyed my work as principal of the
high school, teaching English, history,
and general science. The Board of
Education reelected me with a sub
stantial increase of salary, but l hope
to spend next year nearer the coast.
Hansen lies in the most productive
irrigated area Of Idaho. The orchards
I are in full blossom, which is a new
sight to re. The desert, covered with
boulders and sagebrush, lies only
few miles away. We are only two
miles from the famous Hansen
Bridge" suspension $50 feet above
the waters of the Snake River. When
party of US climbed in and out of
the canyon one day, l thought Of the
excursions along the Sheyenne River,
led by Mr.. Switzer. 1t was such a
contrast. l felt so tiny when / gazed
at the massive walls of rock about me
Among other natural wonders of
beauty are Shoshone Falls and Twin
Falls.
Wishing you all pleasant Com
| mencement week and vacation.
Yours very truly,
Cora N. Forseth, IT.
Several copies of the Normal Oracle
were received this week from Dr. John
Arnason johnson, '05, who was bust
ness manager of the Oracle the year
| of his graduation. DR.. johnson is an
eve, ear, nose and throat specialist in
Tacoma, Washington.
Miss Olga H. Stevning, 'l8, came to
the Normal school Thursday for the
! purpose of visiting her sister, Miss
Emma, and other relatives and also
for the pleasure of renewing acqaaint-
! ance with the friends of other days
when she was student at V, G.. N.
| Miss Ethel Angel, IA, who is teach
| ing in her home town, Brainerd, Min
| nesota, this year will attend the Uni
versity of Minnesota this summer.
Miss Ethel Cochran, IA, who is teach
ing in Faribauk, Minnesota, High
School, will also attend the Univer-
sity of Minnesota this summer Both
young ladies are graduates of the
Home Economics Department of
Y. c. N.
Miss Hazel Holmgren, 10, and Miss
Ida Trygstad, 10, who are teaching in
the Miibank, S. D. schools, have re-
Gently directed very successful play
| the proceeds of which are to aid in the
purchase of a Meissner piano.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-05-27
Reliable Information.

An American tourist recently visited
the ancient city of Chester, and was
startled by the loud changing Of the
FIRE alarm bell.
Seeing others run, he ran, too, anu
presently found himself one Of crowd
gathered to witness the departure OF
the fire engines. In short time the
engines dashed out of the yard and
disappeared down the street In
whirl OF dust and smoke.
With view to gathering informa-
tion the tourist addressed himself to
a man in the crowd:
"Say, mister, suppose in an old
place like this containing so many
timber-fronted houses, you often have
a fre?'
"Prctty often" assented the man.
"How often, now, does fire occur!'
asked the American.
Every time that hell rings" replied
the man, nodding towards the bell
tower.-London Tit-Bits.
The weekly times-record. (Valley City, N.D.) 1912-1922, 1920-05-27
New Portable Furnace.

A recently designed portable indus
trial furnace is self-contained, requlr-
Ing no wire or pipe connections as 1t is
moved about in shop or field. Its fuel
is Kerosene, which is reduced to a gas
the moment before being ignited, ana
is claimed to give temperature
ranging from $500 to 5000 degrees
Fahrenheit. The kerosene is held in a
storage tank supported under the
burner on the stand carrying the burn
er. The capacity is sufficient for 4
ten-hour shift, in which the ordinary
consumption is not over seven and one
half gallons, and the Oil is supplied 20
the burner by air compressed to ~ to
80 pounds. one charge Of air snffic'ns
for the days work. The nonoxid1>'ng
character of the fame permits leaving
hot metal in the furnace a long time
without damage. The furnace is es
pecially adapted for heating ri'ets
and for hardening tools, but may ne
useful in many other operations.