davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-03-24
Stocks Fluctuate
Erratically i'm a
TwO-Sided Market
Expectations of a Reaction
Laid to Increased Offer
ings; Call Money Rate Fails
to Advance; Motors Active

Yesterdays stock market was much
more Of a two-sided affair than has
been the case lately, breaking to some
extent the continuity of the upward
movement. Stock prices fuctuated in
an extremely erratic manner in re-
sponse to widely conflicting views of
the speculative element as regards the
immediate market outlook. With a
considerable part of the market fol-
! lowing talking reaction from the re-
cent steady rise in prices, there was
stocks, some for protit-taking and some
representing speculative selling in an
ticipation of a recession. But al
though the buying lacked much of the
| enthusiastic aggressiveness of recent
days, the market as whole did not
show any signs of pronounced weak
ness at any time. When prices went
off the tendency was toward increasing
dullness. On the other hand, when
prices hardened the market became
moro active.
Fears entertained on Monday that
heavy withdrawal of funds from the
banks for government purposes might
result in another advance in the rate
on call loans did not materialize. In
tact, the call market did not touch the
high rate of per cent made on the
first day of the week. Call loans re-
newed at per cent, and afterward
loans were made on a basis of per
cent. But there were no signs of
stringency.
One of the interesting points in con-
nection with the stock market money
supply is the fact that apparently to
date no. important expansion Of the
outstanding loan account has taken
place despite the marked expansion in
speculative activity A member of the
exchange attributes this in a measure
pool operators are turning over their
money. BY fast work, jumping from
one group to another, bidding prices
up and then selling and transferring
operations elsewhere, they are able to
make a given amount of funds go far
ther This is an interesting cxplana-
ton, but does not speak particularly
although it is generally understood
that the present market is largely an
affair of pool specialties aimed at ul
tlmately developing a large outside de-
mand. The public has already begun
to show renewed interest in the
market.
The majority of stocks registered
net losses at the close, but, at thar,
many features of pronounced strength
"SlS SpIiihleu tHIOuSn Cne llSC. An
other sensational market developed in
the General Motor issues, carrying the
old stock back above 400. The rail
way equipment issues were in fair de-
mand, but the price course here was
irregular, with Baldwin Locomotive
resuming it's upward swing Paper
shares made up strong group, with
Union Bag and Paper, mentioned as a
stock dividend possibility advancing
sharply. The outstanding development
in the steel group was belated rise in
Crucible. Oil shares moved sluggishly
as rule.
The course of the foreign exchanges
yesterday was erratic and, while ster-
ling rates held comparatively firm. Ital-
ian lire fell to new low records. In the
cotton market prices rose to new high
levels.
New-York tribune., 1920-03-24
In Wall Street
A Newcomer at Post II

If present plans carry through, and
there is no reason to expect hitch.
the market for Standard Oil Company
&C New Jersey common stock will be
made on the Stock Exchange begin
ming tomorrow. The listing commit
tee meets to-day, and it is understood
that it will act favorably upon the
application Of the company to have its
common shares admitted to trading.
Standard Oil of New Jersey will get
into fast company right at the start. 1t
has been arranged to establish the
market in the newcomer at Post II:
That is the post where Crucble Steel
orders are handled, as we'll as Kelly
Springfield Tire, Interborough Con-
scldated, Great Northern Ore and
other stocks not so we'll known to the
speculative public. The Stock Exchange
firm Of Evans, Stillman & Co. will be
the specialists in Standard Of New
Jersey. Some interesting figures will
likely be issued to-day in connection
with listing. The next step in popu-
larizing Standard Of New Jersey COM
mon is, expected to be a move to split
up the shares. 1t has been rumored
for several weeks that the company has
under consideration plans for reducing
the par value Of the stock from 500
to $25-in other words. splitting up
the stock four for one.
New-York tribune., 1920-03-24
Motors Keeps Moving

- In the light of what happened in
General Motors on Monday the market
in both classes OF common stock, the
old and new, supplied in many respects
the most interesting feature of the
days speculative activities in securi
ties. For despite the action of the
New York Stock Exchange in breaking
what was generally considered ''cor-
ner" in the old stock by making the
new stock a good delivery on contracts
in the old, the latter, after early
hesitancy, started on the rampage again.
this time bringing up at 4o1, Just s
points below the high record of the
day before. Tien it reacted swiftly,
but did not go far before fresh
buying carried it back close to the
high. The certificates kept right in
line with the old stock. For time
yesterday there apparently existed a
large short interest in the certificates,
for they we're eagerly sought after in
the loan crowd, loaning fat for time
during the day. At the close the de-
mand for the new stock for loaning
purposes was not quite so heavy, the
rate being 3 per cent.
New-York tribune., 1920-03-24
Routine I. NJ. M. Meeting

Only routine business was trans
acted at yesterdays meeting of d.
rectors of the international Mercantile
Marine Company, according to Presi-
dent p A. S. Franklin. He denied re-
ports that the board is considering a
plan for paying off the remaining back
dividends on the preferred stock by
issuing new security. Although the
1919 annual report will not be made
public before June, Mr.. Franklin stated
that net earnings would show an in
crease of approximately 1-3 per cent
over the earnings Of 1918. Comment
ing on the general shipping situation
he said that conditions have shown
material improvement in the last few
weeks. A development favorable to
the 1. M. M. Company he pointed out.
was the immediate prospect Of a re-
duction in the price of coal in Eng
land.
New-York tribune., 1920-03-24
High Cost of Borrowing

railroad executives who have in
CURED how much they would have to
pay to get funds through the invest
Eent market discover new facts about
the high cost of borrowing. Aside
from, high interest rates, the cost to
the borrower is also raised through
increase in the fec charged by invest
ing about A points margin as his re-
turn, compared with 2 points in the
days before increased charges became
universal. Bankers point out that the
need of cultivating the market amonc
many small buyers has increased the
overhead cost of distribution. The
cost to the roads of bringing out new
longtime issues would be approx
mately per cent, it was said.
New-York tribune., 1920-03-24
Mexican Petroleum

The recovery in Mexican Petroleum
and Pan American Petroleum and
transport issues from the lows
touched on the setback in February
mas HI been one of the striking develop
ments in the oil group. In fact the
movement in these shares has been
relatively broader than in the oils.
1t IS currently reported about the
Street that buying of Mexican
Petroleum and Pan "Pete" has been
based to large extent upon expec-
tatlons of an early announcement with
cegarc to the Mexican Petroleum.
active development campaign now
under way in Mexico All of the
leading oil interests in Mexico are
pushing work rapidly in order to make
up Tor the time lost when Carranza
Put put the ban upon drilling. The first
big we'll completed since the Mexican
government granted drilling permits
to american companies was brought
IN only few days ago by small
operating concern. 1t had an estimate
flow of 10000 barrels. The Sinclair
company has we'll nearing compile
New-York tribune., 1920-03-24
G. M. C. Meeting Tomorrow

A meeting of directors of the Gen
eral Motors Corporation is scheduled
to be held tomorrow. One of the re-
ports in circulation in connection
with the continued rise in the stock
was that consideration is likely to be
given at that time to an increase in
the dividend on the old common.
Dividends are now being paid at an
annual rate Of S12 a share. Those who
claim to have inside information say
this is likely to be increased TO $40.
An annual rate of $40 share on the
old stock would work out on a basis
Of 81 a share on the new stock.
New-York tribune., 1920-03-24
London Money Marker

LONDON, March 23.-Bar gold 1854
sd. Money, 3A per cent. Discount
rates, short and three months bills
~ ltWoA rer. cent. Gold premiun,
at Lisbon, 140. a."
New-York tribune., 1920-03-24
Burns Bros. Stock Dividend Likely

v foliowlng the announcement fraa,
vi M1iasnington that on and after April l
an government-tixed prices on coal
WI De suspended, Burns Bros. stock
s,ai Yesterday was actively bought. and
closed at l2o, the high price Of the
year: 1t was stated, however. by in
tfsests that IS identified with the company
of the stock was impending e davaleu ""
ments contemplating the deciarat;apn iretHp
oi large stock dividend and the ever
tual merging Of the company with an
% Usner .s, retail distributing Organization
New-York tribune., 1920-03-24
"Honeycombed With Pools"

This market is so honeycombeG
with pools" said market observer of
long experience that any one who
tries to prognosticate price move
ments needs to be a mind reader in
order to know what the pools are
doing 1t is a rare stock indeed in
the industrial list that is not being
nursed along by speculative CLIQUE
whose nam effort is to put prices up
Such manipulation if persisted in long
enough usually results in bringing II:
a big public following.
New-York tribune., 1920-03-24
Money From tho Ir+o.;

>. me panks OF the interior are be-
neved to be playing an important part
IN financing the present rise in the
seoeh market Brokers report an un
usually large amount of cash buving
and, although some of this consist. ~ g
outright purchases for investment =
large part constitutes buying that is
financed by home banks throuch nv
vate arrangements with out-of- tow
purchasers of stocks in the New York
otock Exchange. Local bankers. in
commenting on the part the out-of.
town banks are playing in the present
market, declare that there has been
no substantial increase in the aggre-
gaee volume OF loans for Stock tx
y,le ySnalies purposes carried by the New
bull market. ''S piescA'
New-York tribune., 1920-03-24
The Dollar in Foreign Exchange

The feature of the exchange mar
ket was the drop of lire to a new low
record. At the weakest point .he
dollar would buy 20.67 lire, compared
with 20.10, the low record made on
February 5. Exchange bankers said
that the weakness WAS not due to
demand for dollars on the part of
Italians, but rather to the selling OF
'hre in London. In recent months, it
is said, Italians have been financing
their purchases in America by buying
sterling in London, and thus have con
tributed TO the weakness Of sterling
ea arlier in the year. For some reason
probably to make payments in for
eign country, London was an extreme
ly heavy seller of lire yesterday, and
the New York market followed the
lead of London.
Sterling was strong, rising 2M &c to
the pound, but francs were a shade
weaker. Some bankers expressed the
view that sterling has definitely
passed the corner, and, though it
might fuctuate up and down, they saw
no likelihood of repetition Of the
panic in sterling that took place
earlier in the year.
Yesterdays rates, compared with
those of a week ago, follow:
(Ouoted dollars to the noundN
New-York tribune., 1920-03-24
Y ester Week
Dividends
G.

dividends
Stocks
Standard Sanitary Misunderstanding Com
Pany-A 100 per cent common stock divi-
dend has been declared. payable in COM
mon stock April 10 to stockholders of
record March 30.
Extras
MISREPRESENTATION Motor Company-An
extra dividend of J.. per cent has been de-
cared IN addition TO Tho regular quarterly
diNldchd OF per cent the common and
preferred stocks. all payable April to
stockholders frecord March %.
Regular Declarations
Pc Pay holders
Eate riod able of rec
Bank of Man Co. G q Apr i Mar Mar = ,.
Central Leather. i's q May Apr Q
Dome Mines Ltd, 25 Apr 30 Abr
Elder Corp. .-...... rs @ Apr Is Apr :
McCord Mfg. g.....,s1 @ Apr / Mar 90
90 pt. ! y g Apr l Mar ?
Mex Invest Go pf. 4 Apr l Mar %
Penn Salt Mfg a1a q Abr is Mar 81
West Air Brake SITS O Apr 40 Anr
Ames. Emerich & Co. are Offering an
issue OF $S5O,0o0 two-year per cert Sc
cured gold notes of the Richland Public
Service Company. due March 15 1912 at
"a u ana Interest. yielding $50 per- Kent.
The Dolores star., 1920-10-29

ing eyes for glasses.
Dear Public:
WILL YOU FIT YOURSELVES,
OR BE FITTED WITH GLASSES?
If the man has you read the letters
on chart across the room and try to
tell hiuf which lenses you think you see
best with, YOU ARE FITTING
YOURSELF. very poor way to get
glasses.
But, if you come to me for glasses
l examine the interior of your eyes
with instruments and determine ex-
actly what lenses are required to
correct your trouble WITHOUT ASK
ING YOU ANY QUESTIONS. This
is the highest degree of skill known
to the optical world, and you who need
glasses should grasp this opportunity
of having your eyes cared for by an
expert.
Mark my date on your calendar so
you won't forget.
Former patients will please call for
inspection and adjustment of glasses
E. F. BURNETT,
Optometrist
The Dolores star., 1920-10-29
Notice of ChatteI Mortgage For
closure Sale,

The undersigned, William H Wal
lace, mortgage, under that certain
chatte mortgage given by S. N. Lowe
and j. H. Wheatand, dated December
6, 1919, and recorded in book 64, at
page 260, of the records in the Re-
corder's Office of Montezuma County.
Colorado, hereby gives notice, that
pursuant to the terms of said mort
gage, he will cause to be offered for
sale and sold to the highest and best
bidder therefor for cash, at public
auction at the w. H. Wallace ranch,
(known as the Sagehen Flat ranch),
about eight miles northwesterly from
the Town of Dolores, in said County,
on the 9th day of November, 1920, at the
hour of l O. clock in the afternoon, the
following described chattels taken into
his possession under foreclosure of said
mortgage; namely: 7S5 head of sheep,
45O head of lambs, seven head of
mich cows, one yearing heifer. four
head of small work horses, two small
mules.
Dated October 26, 1920
WIZ LIAM H. WALLACE,
Mortgagee.
First pub. Oct 29, 1920.
Last pub. Nov. 5, 1920.
The Dolores star., 1920-10-29
NOTICE FOR PUBLICATION.
IA. (Publisher)
,UpdHTvmeht ~ n,, Of the Interior,

w. D. Land Office at Durango, Colorado
Notice 10 b,.,, October I3, lglD.
of Mnncnss rs hereby %Iey given that Joseph Espinoxa
SW SSWP made homestead entry No. Sass }nr Z -;
section setsSn s. taSnsS 81 township 81 and lot ii Of
7. Meridian, has filed notlca Se na ~ west. NJ.
to III, ad iand three year proof to establish cai M
ey I sletk na az above 'p before j. N Bram
RADIO on the ttS 11strst 1nv m court at Cortez Colo.
RRiah.mant names as witnesses: ''-o'
Man.so,r. =. walker, Jose Il. Espinoza M.r,,,,,
cos, Colorado. 'hspihoza, all Of Man
''f'' pup oct 22, last pub nov 10. Ipso' 's''f'
The Dolores star., 1920-10-29
NOTICE FOR PUBLICATION.
n (Publisher)
~ , Department OF tn


'u ohce at Durango, Colorado.
Notice 10 baroh,. September Is, 1920.
Sia Tnose p9stotice address is Dolores, ColornJn
otic oH on the 10th day of June, 1919 file in tbis
4sis1 sworn statement and application. M
ooaH, ooa, to purchase tho S 2 SW /, s sE o i
n N NJ township 40 north, range il west.
tha + meeriidian, and the timber thereon under
ans ane PROVISIONS of the act of June 5, is7s and
Stons sThenaatory, Tsas known as the Timber and
oy nPpraisement, and that, pursuant to sncb
been anppn ths land and timber thereon have
The Timber estimated I'D NJ bnar6
that that said M U am per NJ, and the land $1,000 !;
support 9f his application and sworn p'1S, IN
the Reeist.T ie I'h ny day g. November 1870 before
'ahu n, Oihce, at Durango, Colorado. ''a'es
Ihny person is at liberty to prntest ,b;. ~
tinae ti before entry, or initiate contest NJ onv
time before patent issues, by filing corry az any
'ed nh atidayit In this office. a1iea;no ruot.
winch would defeat the entry. "''S'"s 'aetS
First pub s.n, d. Jso. 7. JOYCE, Register.
The Dolores star., 1920-10-29
NOTICE FOR PUBLICATION,
(Publisher)
hn nm FL Al L

U. 5. Land Office at Durango olorado
Notice is hereby given Lola Bell Mc1iee
whose post-oiice address is Dolores Colnradn
uid ,h on the 18th day of November, 1918, filed in
TINS otllce sworn statement and Application
40. pS95o, to purchase the w 2SEl, section ii
n"hshlp ~ north, range IA west n NJ. p
Merldlan, and the timber thereon under tho
provisions OF the act of June B. lS7s and acts
amehdatory, known as the Timber and Stone
nsa;s law, at such value as might be fixed by ap.
pralsemeht, and that, pursuant to such anpii
cation, the land and timber thereon have been
apptalsed Two Hund red Forty Dollars (s2iO ON
the TIMBER estimated 10 NJ boa I'd feet nj 80 n
PEI, PEI M and the land 5000; that said applicant
VIII offer final proof in support Of her apniira'
HHoh ana sworn statement on the 29th dnv of
November, 1920, before J. NJ. Brumley. cier, 81
'"e uisttlct court. at Cortez, Colorado,
,bs any person is at liberty to protest this pur.
thhse before entry, or initiate contest n, any
.,he . before patent issues, by filing a cor
,IIooIhted aihdayit in this Office alleging facts
which would defeat the entry. '"'''
Fla, ,L -. ,JNo. I. JOYCE. Register.
f'fS' puo sept. "a; last pub nov. %, 1920
The Dolores star., 1920-10-29
NOTICE FOR PUBLICATION
Publisher. IT,
Department OF the lnterEloli, rE.io,,do
U. S. Land Office at Durango, oS ~, Is

Department OF the lhte 'Enio,ado
w. o. Laho oiho' Nv September y u
Notice is hereby given that 3 4n1o;., Gls1oy casI
bell, whose post-otiice address is Dbsr lyls "
RADIO, did, on the i1th day OF Noyema Noyea snniesha
In this office sworn statement aHS hi L0ui \
NJ. 0s55l, to purchase the M, 10 pohid
2. 3, ~ of section II Meridian. n q
the timber thereon. under the paw.ndiie1j]
the act of June s.. 1878, and aeuI sa,T% iss1
known as the Timber and Stone Ls% sL;sssmsut 81
value as might be fixed by aPpItinn aPprtai,snoths ths ~
that, pursuant to such appiioa,,i, ooaa,nrsi,sd, III
and timber thereon have been aPp, y -Four CnS|
Hundred Forty Eight Dollars Sit S,lt board
($I4s8l) tho timber estimated y, y tbst ssid "a
at 81 80 per NJ, and the land ls6.H, nrnoh o II
plsnn.wil orsr final p,eott ,.epStemen I'M sap NJ
day Of November, ie2o, before J. 1hou.ssas'
clerk OF tho district court 'o' I'll
county, at Cortez, Colorado. .,,sst this "
Any person Is at liberty TO ccontsst a ~
hase before entry, or initih.e aling eonvsi
time before patent issues, by bynnnins ni faeu
rated affidavit In this office, aiies''s "A.
would defeat the entry, n Joycr. Regp"
First pub sop. "a; last pub. nov ~
The Dolores star., 1920-10-29
Try DuPont's cement the next tn(
you break favorite china or cut glu1
piece. Mends perfectly. Lena Bsif|
NOTICE FOR PUBLICATION.
(Publisher)
Department OF the Interior,
U. s. Land Oiiica Mt Durango, Colora

Department of tho Interior,
U. s. Land Office at Durango Colofaaso., ~,
Notice is hereby given that Williin
Carlile, whose post-otiice address is M gonssJJ h
Colorado, did on the 26th day OF May, lsl
in this office sworn statement and appllesuG
No. 0sss7, to purchase the Sc Sc seetoa
E2NE 4, section "a, township 40 north ns
10 west, n. NJ. P. Meridian, and the ta'J
thereon, under the provisions OF the Y!
June 3, 1878, and acts amendatory, know
the Timber and Stone Law at such y,Ias y,
might be fixed by appraisement, and sa.j
pursuant to such application, the lsna
timber thereon have been appraised ~
Hundred Sixty Dollars 1880 Ocl the w.
estimated l2O NJ. board feet at $40 per y, \
the land $4,000, that said applicant WI =.
final proof in support OF his appilcatioo
sworn statement on the 3Oth day Of NovTeIn T.,,
1920. before j. NJ. Brumley, clerk OF the di'"-
court, at Cortez, Colorado. AT. r
Any person is at liberty to protest ~. .,.t
chase before entry, or initiate a s,tas. eon.," "
any time before patent issues, BY nllns ,.s
roborated affidavit in this office, ailes'as"
which would defeat the entry: p.,,.,.,.
First pub sept. "a; last pub nov 70 s''
The Dolores star., 1920-10-29
NOTICE FOR PUBLICATION
(Publisher)
Department of the INTERIOR, a
U. S. Land Office at Durango, ColoIssIi

DBpUTtWBHt UI tTIc fIIVc1 :, iI..Ic
U. S. Land Office at Durango, Coloissa,SSo IN
Notice is hereby given that RUBY kusDII
ford Clay. one OF the heirs. Of T6oEIn 10 Io,,io
Rutherford, deceased, of Arriola' ,eoa...sa eo,....sa
who, on February q, 1912, made hoTSSI snS MI
entry, No. 0366S, for Sc NE 4, 2sktsISsrr
SW section 10, townshipSI north, raatT az t;TDt.pli
to make final three year proof, 70 S"i Hia}
claim to the land above descripea,, aa,,pn ID
J. NJ. Brumley. clerk of the distric. sO a. u
Montezuma county, at Cortez, ColorS'0'
3rd day of November, 1920.
Claimant names as witnesses: = y..bous,
Absolum W. Dillon, and Henry y; ;n;oa Ma "a
Dolores, Colorado, and Ralph =; ~ Inv
William g. Rutherford OF Lewh, f1'oi f1n'soi,tsf
First pub. oct. l; last pub oct ~ is''
The Dolores star., 1920-10-29

Good shoe repairing saves you money.
Mail your shoes to US. Sewed ,Soles.
Neat Work. We pay parcel post one
way. Nelson's Electric Shoe Shop.
durango, colorado. 46tf
The Dolores star., 1920-10-29

Vote for Royal w Calkins for repre-.
sentative. 1852
The Dolores star., 1920-10-29

Subscribe for The Dolores Star.
The courier-index., 1920-11-05
ALI Amendments
 Get MajOrities

The general election in Lee eoun- ty on Tuesday of this week was a tame affair. The total vote was l,579 The democratic presidential electors and the full democratic ticket received more than 1,20O of the votes, the remainder being scattered among the other eandi- dates. All three of the proposed constitutional amendments received big majorities in the county. Amendment No. IS had S89 for and 296 against. Amendment No. IA had 952 for and 23S against, and Amendment No. 15 had 947 for and 256 against.
The courier-index., 1920-11-05

Among the delightful bridge part. ies that have been enjoyed this fall was the one given Saturday after noon by Mrs. J. B. Daggett and Mrs. Everett Cook at Mrs. Daggett's home. The tally cards and decora- tions were suggestive of Hallowe 'en. Twelve tables were arranged for the players and high prize was won by Miss Alma Futrall. Miss Fran ces Govan won the consolation and Mrs. Jim Harrington the booby. At the close of the afternoon delicious refreshments were served.