davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-09-16
Inn Wall Street
Time Money at 8 Per Cent

Borrowers In tho Stock Exchange
money market have lately, to their sur
prise, found increasing amounts Of
time funds available, that 10 to say
the banks have been lending money
for stock market purposes for fixed
periods. Such offerings as have ap-
pcared have been small, judged by the
standard of normal times, but the
change in policy by the banks with
regard to time loans is considered sig
niicant as pointing to better things
in the future. Yesterday it became
known that time roans running for
sixty days had been made in small
way on basis Of per cent. These
loans were secured by q mixture of
railroad and industrial stocks. At the
same time some loans for six months
period, secured by all industrial coll
lateral, have been also arranged on an
per cent basis. It was only a few
weeks ago when an offer of 10 per cent
for time funds failed to attract offer
irgs by the banks.
New-York tribune., 1920-09-16
Waiting the Turn

Whatever the general opinion may
be with regard to interest rates in
the future, there are bankers in Wall
Street who believe that another six
months will witness a lowering from
the high level now prevailing. This
is we'll illustrated by the advice given
group Of industrial men the other
day at meeting Of board of di-
rectors. The directors were discuss
ing the advisibility Of borrowing
$12,000,000 on notes at the current 60
ing rates for money which would have
necessitated their paying TX to per
cent. The banker stepped in at this
stage Of the discussion and told the
directors. 1T would be better for them
to scale down the amount Of money TO
be borrowed at present and wait sir
months. BY that time he thought they
could get much better terms. The re-
suit was that the corporation borrowed
much less than they had planned and
have postponed further financing until
later date.
New-York tribune., 1920-09-16
Liquidation in Tire Industry

Liquidation in the tire industry at
Akron has been the most severe ex-
perienced by any line in that part Of
the country, according to the latest
report of the Cleveland Trust Company
on business conditions. 1t says that
liquidation is still going op with very
little buying of tires for future de-
livery reported. ."Tire manufacturers"
the bank says, "are hopeful, however,
that the worst Of the readjustment will
have passed by November /, when it
is thought by some in the trade that
more nearly normal operations may
be resumed. Operations at some of the
leading plants ranged from % to 60
per cent. Reports that the slump had
nccessitated some reduction in wage
rates, as we'll as working forces in
Akron, have been verified" Of the re-
adjustment going on in the automo-
tive industry the bank observes that
when the process has been completed
the strong, well financed producers Of
cars and trucks of quality will doubt
less find themselves in a more favor
able position than before.
New-York tribune., 1920-09-16
Bid and Asked

Bid Asked. Bid Asked
Adams E1p... s4h s61s D s s & A. 5 81
lla1 kuSSsr - ss DuTham H4 IN Hos Hos: 45 3 u u
.lb & Sus. ..l2O lao Elcc 81 Bat. .ls5 l40
II Chain pr. rs Is Elkhorn Coal 23 o4ls
Nm As Chem. SO S6's do pr .. 81 Al
I'm Bnk Note . ' $. ID Do I4A' pr ~: :: 10 e
- So s. r.. q 81. Eric s p' Pits s5" s5 q q
.1 DO Gsn pr Dr. s. So Fsa Fsp ray pr sly s3's
C & F pr 109 10 pr ..... 3oIs "a
\ Cot OIL pr. 81 6j Fisher Body lOl 100
Nm Ice Sec pr 5Sa4 Gnh do pr .....l0D lv:1
Am La France lots lo'a ger Chem pr. 81 %
\ Linsced pr. ST - Gen Cigar pr. 5. IA 8.
Am Loco pr. 9>H 10! do rr deb. SliA 81
I'm Malt & & % aal4 Gen Motors pr - "A
.m Shipbldg. l2i Goodrich pr. 81 90
An Smelt pr. o. H3 tiranby VI b, 30
An :, sauf t,s ..::lsS III j q No. j. F..
A st Fy pr. s6h AsA Hartman Corp 76 so
Am Sugar pr. l05 1914 liourstake 10 A.
4 Tob pr new 9oh 9lla Int Ilar pr. .lo4 1o5
Am VIII pr. 90 o5 In NJ I lst pr Is -
Am Wool pr. 96 81 DO ID pr. 63 "a
Am Zinc pr. 44h 40 Int Paper pr. 94 lo3
Anal Sugar. 90 do pr stpd. 731a -
Ann Arbor e. IL 20 Int Nickel pr 81 50
Asso s Dry G.: 2s4 20 Iowa low 't;s csntlai d ~
DO LIST pr. o9% 81 Jewel Tea 6's Ga
S'''' -. ~ ~" ~ - ="
Atlantic G l. 30 ~ Kayser 49,. so 81
Nlantic Kef.ll5O 1915 KCFS&M pr % y
AZ d w pr 6l t2i2 Il City So pr. AGA AZ
auto Sales Co "a hclly Spr pr. S%l3 81 n
90 pr l3 Is do pc pr. 81 %
Bald Loco pr. So 9s Icy Wheel 81 G3
az 8 8 ~ hsss ss x < NJ si is s.
do pr .... SO W Krcsgs $ s ..12l,a l4o
Barrett Co pr.lolh do pr 80. 80 lo2
Seth Steel :. 72 T3 kress & Co.. soy 81
90 7h pr. 90 0S Laclede Gas. sc 81
'15ns NJ ~ Bros. os oss Lake r q W. l3h Az
brunswick AiS Leo % Rub pa s: 35A = -
sun Il s. p. So S. Lgg & NJ Tbs 155
SUE u z z su;:: e e 100 q: q: r Iss is5 ls5
40 pr AZ As L-W biscuit. 43 4j
s., sutterick Go. liH ~, !, do I'd pr ..lol loi
al Artz. So 57lef 1nrillnrd p ..l35 III
AN Southern. as 80 do pr 49,. ei loi
ase J. pr. 81 90 Louis, & N.lul lO3
s a' Of fsS a5 20 >"'s1y %a Sr 'o' 81, 81, % %t
srtaintesd 81, Cd. % s. Manutl Sugar lo2 los
i,: i IL f. H:"s:; Hs"s:$; $$ Z ;a;h :;
, q n W pr.lo5 loG,l " 1u"Il do pr rae" 100 o. Oo
q s. Mat Mat HI''vse'!: Ai W e g g g"
do pr IS 95 Max NJ "a pr *
do pr g ss s Nay do Dept r4 st.: -. -"
asett Peab... 70 = Me1 Re, pr: .: q: 100
w -. u. lOUS aIlch Central. II 90
e. s lst pr A9h SO do Is lines n xG
vi uo c,b a pr W. 49, ~ ~ 90 Mont Power. aoE GOia
,ol ',npn pr, - eO do pr .... aI q6
omp 40 itec ~ - Morris e. Es GO
;onso 'lgars' Ia Mullins BY pr 0l
;onsol Cas-. 70 80 Nat Ri.cuit i"n -"
tnt Ina CO.. 08 - do mr. w. "a
'orn Prod pr. l0o% 1903 n {, h n nr i1o 1o
>rax Carpet. IS 50 p A. y ~ ~ 90 o.
~ ,ru S.eet 81 ~. WA % "a NRR NJ lst pr Is
"a ia am ~ gu !" an. A00 Y Air Dr. p3 as
1 Sooao 20 pf'' Ss n vSn NYC&4L lat. 90 90
1M 1s Eh,nas Eh, -" o. o. ,Ssh do "a pr. b3h SO
SSos SSos TH"on; - ~ 40o Dock . "a 40
Cast Kodak. .S25 ss5 Ny (. f. "a IN 90 90
oo pE ..''.AVV AeS NN0gfolk Be =. II "a
New-York tribune., 1920-09-16
Telephone Financing

Despite denials, official and other
wise, the rumor persists that the
American Telephone and Telegraph
Company will shortly enter the mar
ket for additional capital. So far,
however, there have been no negotia-
tions, according to bankers who ought
to know. The telephone organization
is such q huge concern and is grow
ing so rapidly that it Is looked upon
as more or less o regular borrower
in the market to meet the needs of
this rapid expansion. A banker was
asked yesterday how much money the
company would seek TO borrow in its
next operation. THAT reminds me of
q story" he replied. "a business man
once vent into a bank to arrange
loan. He told his story to the head
of the institution. How much do you
want?' inquired the banker How much
have you got?' queried the prospective
borrower"
New-York tribune., 1920-09-16
The Dollar i'm Foreign Exchange

The swift recovery in sterling ex-
change rates in this market yesterday
was looked upon by exchange bankers
as natural rally following the sus-
tained decline Of several days. London
sight drafts got. up to s3.43 at the
close, which compared with low the
day before Of $3.43M.
The other exchanges were generally
firm, with slight improvement noted
in rates on Paris. Marks were an ex-
ception, but the decline here was small.
Quoted in dollars to the pound.)
New-York tribune., 1920-09-16
A Rare. Market

An investment banker yesterday de-
scribed the market for railway equip
ment issues and securities of similar
character as being "bare." The absorp-
ton of these issues has been we'll sus-
tanned of late, with the result that
there are not many available in the
market. This has forced many Of the
prime issues to q premium.
New-York tribune., 1920-09-16
London Money vMarket

LONDON, Sept. 15.-Bar silver, so% d
per ounce; bar gold, 1885 Cd. Money,
6N per cant. Discount rates-Short
bills, 0N09 1915 per cant; three
month ballSs s% @S 13-iS psr cent. Gold
pxsmsuna8 he Nsbon. 1Aa.
New-York tribune., 1920-09-16
Paris Market Easier

PARIS, Sept. l5.-prices wer,
easier on the Bourse to-day. Thre,
per cent rentes, 63 francs. 80 centimcs
Exchange on London, 53 francs, 3s
centimes. Five per cent loan, 81
francs, 40 centimes. The dollar wa,
quoted at 16 francs, as centimes.
New-York tribune., 1920-09-16
City of Norfolk Bond Issue

Harris, Forbes & Co. are Offering a
new issue Of $l,036,0O0 City Of Norfolk,
Va, thirty-years per cent bonds, due
October l. 1850. The bonds, which are
exempt from Federal income taxes, are
offered at 1oS.55 and interest yielding
6A per cent.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1920-09-23
BANDITS TERRoRIzE TOWN
Streets Baricaded With Barb Wire by
Gans That Blows Bank Safe.

Streets Baricaded With Barb Wire by
Gang That Blows Bank Safe.
Chicago-Five Chicago bandits
spread terror in Franklin Grove, H.,
and its neighbor village, Leland.
~wrecking a bank, lighting a furious re-
volver battle with citizens of Franklin
Grove, who ran through FABRICATED
streets. and leaving one of their num-
Der dead. shot twice. in a Leland ga
rage.
At Franklin Grove the bandits cut
telephone and electric light wires,
broke into a lumber yard and carried
OF large rolls Of fence wire, with
which they barricaded streets. while
they tried to rob the bank.
Awakened by the safe explosion, citi-
zens turned out In their night clothes.
The bandits flew; then followed a run
ming battle until they disappeared.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1920-09-23
Federal Trade Commission
FroWns on "Big Five" Scheme
to Sell Stock.
INTENDED TO DISSOLVE
IS stockyards to Boston Firm and
Formation Of Holding Company
Attacked by Commission.

Observation-Disclosures by the De.
partment of Justice of the plan of the
big Five packers for the disposition
Of their ownership in s~tockyards was
recommended in a special report tic
Attorney General Palmer.
The packers plan, providing for the
sale of the stockyards in Is cities tc
f. II. Prince and company of Boston
and the formation of a holding com.
pany for these yards, was attacked by
the commission on the grounds that il
would permit increased rather than
diminished control of the yards by the
packers.
The plan was drawn up by the pack.
ers after the filing Of a consent decree
in federal court here, which disposed
of antitrust litigation started by the
government against the packers al
Chicago.
"In brief" the commissions report
to the attorney general said, though
the decree provides for a total divest.
ment OF stock interest by the defend.
ants, this plan leaves the way open for
them and the non-defendant packer in.
terests temporarily, and for the non
defendant packer interests permanent
ly, to acquire absolute control of q
holding company that will OWL -15 OF
the principal s~tockyards of the coun.
try. whereas now they have majority
control of but IL of the Is"
The commission made its report or
its own initiative under authority OF
the act creating it and providing that
it may investigate the I'M in which
any final decree in an antitrust case
is being carried out. The object of the
government litigation, the commission
declared, would not be accomplished
by the packers plan. The 10 stock
yards included in the plan handles 73
per cent of the livestock received al
all yards in the country, the commits
sion report said.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1920-09-23
JACK JOHNSON GETS ONE YEAR

Former Ring Champions Smile Gives
Way to Gloom as Sentence is Passed.
Chicago-Jack Johnson, Negro. for
mer worlds heavyweight champion,
was sentenced to N year and a day
in Leavenworth penitentiary and fined
$1,000 by Federal Judge George A,
Carpenter for violation of the Mann
act.
The sentence reaffirmed that passed
on Johnson in 1913, when he was con-
victed of transporting a white girl
from Pittsburgh to Chicago for i'm
moral purposes.
Johnson later fled to Europe, for
feiting his $780, 900 bonds. and from
then until a few weeks ago.. when he
surrendered on the Lower California
border, he was a fugitive.
Johnson was smiling broadly when
he entered the courtroom. When en-
tence was passed. however. he APP
peared much cast down. as he had
hoped for greater l~eniency.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1920-09-23
ILLINOIS RESULT CLOSE
Complete Count Necessary in
fractional Fight.
Cook County Goes Strong For Thomp.
son Ticket While Downstate Vote
Favors Lowden Slate.

Chicago-A close race between the
Lowden and Thompson candidates
made necessary a complete count of
the votes cast in the primary to deter
mine the result. Supporters of Mayor
William Hale Thompson swept Chi
cago, winning all county and city no
limitations for their men but the adj
herents of Governor Frank o. Lowden
carried the rest of the state by a large
majority, leaving the political scales
wavering on its fulcrum.
Returns were still inconclusive in
the contest of Republicans for the CUB
ernatiorial and senatorial nominations
and for the Democratic senatorial hon
ors. With 726 precincts still missing.
William b. Mckinley, Lowden candi-
date, had a lead of 4,549 votes over
Frank l., Smith, the candidate sup
ported by Mayor Thompson of Chicago,
while with SOL precincts missing out
of the 5,737 in the state, Len Small,
Thompson candidate for the guberna-
torial nomination, had a lead of 49,
939 over Lieutenant Governor John G.
Oglesby, the Lowden candidate.
Early reports from Chicago showed
an average plurality for some time of
better to 40 to the precinct for the
Thompson men, but this slumped when
returns from nearly half OF the 2,210
Chicago polling places had been count
ed. Down state, the Lowden plurality
averaged only IA to the precinct at
first, but gradually increased until it
averaged %, when half of the 1924
voting districts outside Chicago had
reported.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1920-09-23
us. HELD RESPONSIBLE
Test Case Puts Blame for CIo-
quet Fire on Rail Board.
Ruling Affects 1000 Claims Demanding
Damages Between $12,ooo,ooo
and $15,ooo,o 900.

Duiuth-The Great Northern rail.
road is responsible for forest fires
which on October IL, 1918, devasted
Cloquet and farming country to the
Northwest. and the United States gov
eminent through Walker ID. Hines,
wartime manager of the road is liable
for damages which may aggregate
$15,0 00, 900, according to a decision
handed down here by five judges in
district court who tried 278 cases of
the Cloquet group of the fire litiga
ton.
Although the 27S plaintiffs directly
involved have claims totaling only
$4,000. 900 the question of liability is
established for the entire group of fire
cases which numbers more than 1000
demanding damages between s12, 000,-
900 and $751; 0 900. The cases on
which decision is based wore tried by
mutual agreement without a jury be-
fore Judges w. A. Cant. III. A. Dance,
Bert Fesler, Martin Hughes and Ed
ward Freeman, all Of the eleventh judi
cial district.
Appeal can be taken to the Supreme
court only after findings in one par
ticular case are filed and judgment en-
tered. 1t was said. and it was under
stood that attorneys for the railroad
administration and the railroad will
follow this procedure.
Only the question of the liability OF
the railroad was determined, and on
this point all judges concurred in the
opinion that the Cloquet fire had its
origin near Mile Post No. 81. on the
Great Northern line. The government
by act OF Congress had agreed to as
sumo all liability for operation of the
road during the period of Federal con.
troll.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1920-09-23
WADSWORTH is VICTOR
Defeat Opponent for Senatorship
by a Vote of Four to One.
Walker Wins Democratic Nomination
for U. s.. Senator by a Large
Majority.

New York-United States Senator
James w. Wadsworth, Jr., Republican
candidate for denomination, marked
for defeat because of his opposition to
suffrage and prohibition was leading
Mrs. Ella Boole, state president OF the
w. G. T. u, by four to one on returns
from 1921 out of 1874 precincts in
Tuesdays primary.
Mayor George r. Lunn OF SchRec-
tady, former Socialist, candidate for
the Democratic nomination for United
States senator, was being defeated two
to one by Lieut.. Gov. Harry c. Walker
on early returns. The vote in 1850
precincts was Walker, 32,S66; Lunn,
1903.
The vote in 1926 precincts out of T.
274 was: W%adsworth, 139, 06S; Boole,
31,509; Payne, 1853.
For the Democratic nomination the
vote in 1864 precincts was: Walker,
61,662; Lunn, 1884.
The fight on Senator Wadsworth has
attracted national attention since the
ratification of suffrage. With Senator
Moses Of New Hampshire, another con-
sistent opponent of women's vote, he
was expected to suffer for his attitude
at the primary.
George Henry Payne, New York tax
commissioner, was the third candidate
for the nomination, his vote running
about half that given Mrs. Boofe.
Mayor Lunn come into prominence
several years ago while mayor Of
Schenectady, being one OF the first So
cialist executives elected in the ooun-
try. At the San Francisco convention
in July he made a fight against the
unit rule, and was one of a group OF
New York delegates who favored the
candidacy of William G. McAdoo for
president.
Nathan l., Miller of Syracuse FORM
er judge of the state court of appeals.
had a lead of two to one over State
Senator George f. Thompson in 1853
precincts, for governor. The vote: Mil
Ter, 45,551; Thompson, 22,530.
Governor Alfred L. Smith was I'M
opposed for the Democratic nomina.
tion for governor.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1920-09-23
WOULD !MpEAcH JUDGES
Anti-SaIoon League Scores official
Who Wink at volstead Act.

VINO WIN dt NoiStcdu ACT.
westinghouse program designed
to rid" the government of officials
who do not observe or enforce the
spirit as we'll as the letter of the
Volstead act was put under way at the
first session of a national conference
here of Anti'saloon league officials.
AS the first step toward Carrying
out the proposed program the confer
ence appointed a committee to draft a
resolution. which, league officials said.
would serve notice on federal judges
that their sacred duties must be sac
redly performed"
Impeachment proceedings were sug-
gested as a means to copnpel lax judges
to employ in a proper manner the pen
al provisions of the prohibition en-
forcement act in dealing with persons
convicted of violating the law.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1920-09-23
PLANS BIG WINTER CAMPAIGN

Copenhagen-A dispatch to the Ber-
lingske Tidende from Kovno reports
the arrival at Ida, Lithuania, of Leon
Trotzky, Russian Bolshevik minister
of war. Ida is occupied by Russian
troops. TrotZky's stay in Ida, the
dispatch adds, is not connected with
the Russian offensive. New Red ar
mics are being organized in the Bere-
sina and Upper Dnieper river districts.
and Trotzky Is planning a great win
ter campaign against the Poles, a Hell
singfors dispatch to the Politiken says
1t is said that offensive movements by
the Bolsheyiki have already begun at
some points on the Polish front.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1920-09-23
COAL OFFICIAL IS KILLED
Soldiers Posted in Riot-Swept Zone
as List of Wounded Grows.

Birmingham. Ala.-While three
companies of Alabama national
'guardsmen were being posted in the
mine area near here, reports were re
ceived that two Negro strikebreakers
had been shot and severely wounded
and a third was missing in a new out
break.
Information from Patton said l.. NJ
Alder general manager Of the Coronet
Coal company, was shot through the
head and died instantly while leading
a charge on a group of houses in
which strikers were said to have TAX
en- shelter. Earl Edgill, a deputy
sheriff, was reported fatally wounded
and three other deputies injured.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1920-09-23
French President Informs Miller
and of His Firm Resolution
To Resign.
ILL HEALTH HELD CAUSE
Hope of Early Recovery Now Has
Been Abandoned-M. Jonnart, En-
voy to Vatican, Is Strong Can.
didate for Position.

Paris-Presidential Deschanel noti-
fed Premier Millerand Of his ire
vocable resolution to resign.
Warm Sympathy for Deschanel.
THE tragedy of Deschanel," which
for nearly four months has been the
secret Of a few persons, now has be-
come public property, and only the
warmest sympathy is being express
ed on all sides for the president of the
republic, as it is announced that he
has decided i~rrevocably to resign.
President Deschanel's four months
fight against illness has been a cou-
rageous one, but since his accident at
Montargis, May %, when he fell from
a moving train, ii has been a losing
one, and the hope for his early recov-
cry now has been abandoned.
Private Life in Few Days.
Before another week has passed, It
may safely be said M. Deschan-
ell will be retired to private life.
There is no immediate danger Of
President Deschanel dying, it is said,
but it ascertain that there is no posi-
bility of his resuming the duties Of
his post of chief executive.
The initiative for the resignation
came from NJ. Deschanel himself. Sew
eral times since his accident he has
informed Premier Millerand that it
was his intention to relinquish office.
Relapse Forces Move.
The relapse suffered by M. Desch-
anel last Friday, while it was not con-
sidered Immediately dangerous, con-
WINGED the president that the hour had
come for him to relinquish his respon-
sibilities as first citizen of France.
M. Millerand has been prominently
mentioned to succeed M. Deschanel,
but his intentions have not become
known officially. Several other men,
bers of the Chamber OF Deputies and
OF the Senate also have been named.
Charles c. A. Jonnart, extraordi-
nary ambassador to the Vatican, who
appeals a formidable candidate for
succession to the presidency, is now
resting at his country home near Dun
kerque.
The Associated Press was informed
today by his secretary that M. JON
mart was in much better health than
last January, when his name was
prominently brought forward for the
presidency. The secretary added that
NJ. Jonnart would respond to the call
of the deputies and senators if they
decided to choose him for the post.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1920-09-23
Amundsen Ship wedoed IN Ice.

Nome, Alaska Captain Roald
Amundsen's expedition ship, the
Maud, which left this port nearly two
months ago. bound for the North Pole,
is caught in ice about 20 miles on
Cape Serge on the Siberian coast, &C.
cording to information brought by
Captain Heckla, whose fishing boat
was also icebound near the Maud.
Heckla said his vessel. being OF light
draft, wormed its way out after being
icebound near the Maud 10 days. He
said Captain Amundsen hoped to free
the ship soon and Continue his journey.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1920-09-23
FINANCES HIS BIG PROBLEM

obreoon Hopes to Reach Agreement
With American and Other Bankers.
Mexico City-Alvaro Oregon. pre-
sident-elect OF Mexico. In his first in
terview since his election. declared
national finances would be his big
problem.
General Obregon said he hoped to
roach an agreement with American
and other foreign bankers, whereby
Mexico could show her good faith by
beginning payments IN her national
debt Of $500. 900. 900.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1920-09-23
DAILY MARKET REPORT.
Minneapolis Cash cIosino Price,

Minneapolis Cash Closing Prices.
Minneapolis. Sept. 17.-Wheat No.
l dark northern, S2.57@2.67; No. L
northern, S2.54@2.62; No. 2 northern,
s2.4962.57; No. 3 northern, s2.44@
2.52; No. l durum, $2.4SA 92.55%.
Corn No. 3 yellow, s1.20@1.22; No. 3
mixed, s1.17@120. Rye No. 2, s1.S5h
@1.S6k. Oats No. 2 white. 5Shc6
59Ac. Barley, choice TO fancy, 96c0
$1.01. Flaxseed, !. 2O@3.23.