davidaulloa/AmericanStories huggingface dataset:
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-07-01

Attention Lease Owners--Have
casing and tools ready for attractive
drilling proposition in Oklahoma,
Kindly submit full details PROPOSE
tion you desire 10 make, Address =.
o. Box 1881, Tulsa, Okla.--AdVt.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-07-01

VMght thousand feet 6 SIS in. H.
Y&'one run: 5000 feet 6 l-4-in. IL
. ~ one run Immediate delivery.
A Vone Osage 677l-4362.--Advt.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-07-01

Ls Tor sale, Neon turbine generator
Flghting plant in first class condi-
Ton: price $50. Usage 662f.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-07-01

! Eighty acres east ~half OF SW
quarter sec. i-l6-9. for lease; Creek
county. Box 179-D, World.-Advt.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-07-01

ted at tho center OF the west line
of the west half Of the southwest
OF 33-16-l3. ia good for 100000
gas in the 1850 to 1870 foot pay
North OF Gushing.
The Twin state oil companys No
on the Kolb in the southeast OF
5-19-6. increased its Gas after a
10 quart shot in sand from 3,6s3
TO $500. A second shot OF 30
quarts will be used.
j. Alex Dingwall, jr = well in the
northwest corner Of tho southwest
of the northeast Of 22-is-b in tho
Anna Eitzman allotment Is drilling
at 1850 feet
Same company's we'll IN the north
west corner OF tho northeast OF the
northeast Of 2S-iS-5 on the ]. +.
Eit2man allotment IS hnderream-
ing at 222o feet.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-07-01

4 y Alcco, who Is tho Wyoming
supcrintcne " tho Sinclair oil
corporation, IL her, for n few days
Oh business.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-07-01

l. T.. y Aarouson secretary and
treasurer OF the Midco Petroleum
company left yesterday on short
trim thrCugh the east
The New York herald., 1920-01-20
Reserve Board Nav
Act on Discounts
at Meeting Today

Announcement in Washington dispatches
that the Federal Reserve Board would
hold a meeting there tomorrow interested
the banking community, in view OF an ex-
pccted advance in the discount rate on
ninety day commercial paper.
The impression in local banking circles
is that an advance of that rate already
has been recommended by the Federal Re
serve Bank of this district. but that ap-
proval has been held in allegiance pending
amendment OF the Clearing House rules
regulating tho interest rate on bank bal
ances.
Last Friday the Clearing House Asso-
bylaws and put into immediate effect an
amendment establishing n maximum In
tcrcst rate of "a per cent on such balances.
There now remains no further obstacle TO
immediate approval by the Federal Re-
serve Board of an advance in the com
merciaI discount rate as the interest rate
on bank balances would not be affected by
such an advance. as IL already Is at the
maximum permitted under the Clearing
House rules.
The question OF q uniform policy by
banks with regard to interest on bank
balances will come before the nationwide
conference Of bankers. to be held in Chi
cago next Friday. II Is expected that
bankers from other centres will emulate
the example Of New York bankers and
recommend maximum rate. AS far as
the local reserve district Is concerned II
is unnecessary 10 await the decision OF the
conference OF bankers.
with respect to other districts the
The New York herald., 1920-01-20
NEW INVESTMENT
!. COMPANY FORMED
FOR FOREIGN TRADE
Organization to Join with Eu.
ropean Banks in Finan-
cling Their Industries.

Certificate OF incorporation of the New
Issues Finance Corporation formed to ex-
tend credits to Europe, has been filed with
the Secretary of State of New York by
Daniel w. Blumenthal Of the law firm
OF Maurice D. and Daiel W. Bluemthal II
was announced last evening.
Tho initial capitalization of the COM
pany is fixed at the nominal sum OF
5000. Mr.. Bluemthai stated, however,
that as soon as the peace treaty is signed
by the United States, the capitalization
of the company will be increased to s1o,-
100000.
The charter of the corporation author
ICES the company to acquire by purchase
subscription or otherwise stocks, bond
and other evidences OF indebtedness of an
corporation, domestic or foreign. and issue
in exchange therefore, its stock, bonds or
other obligations and to act as financia
or business agent for domestic and foreig
corporations, partnerships, government
government or other bodies.
The New Issue Finance Corporation wi!
devote a great deal of attention to actin,
as associate syndicate manager in con.
junction with certain well known Euro
pean banking Institutions, in ADVANCING
new capital for certain well known Euro
pean national organizations.
The corporation will be affiliated in 8
business way with several banking insti.
tons located in New York, which have
substantial European interests.
The New York herald., 1920-01-20
RAILROAD HEADS
ACCEPT EQUIPMENT
FINANCE PLANS
Lines Will Fund S4OO, 100000
Indebtedness Into Sc
rial Notes.

tialIroad bankers yesterday confirmed
Washington advices to the effect that the
Railroad Administration and representa-
tives of the Association of Railway Execu-
tives have signed an agreement on a new
scheme for financing equipment purchased
by the railroads in 1918 To take the place
of the proposed national equipment trust.
Details of the new plan were exclusively
announced in the HERALD on January Q.
Under the new arrangement the rail-
roads are permitted to fund into serial
notes running from one TO fifteen years
the S4p,00OCO indebtedness incurred by
them for 100000 cars and 1000 locomotives
which were purchased for them and alo-
Gated by the Railroad Administration.
Each railroad will execute "a separate
agreement with the government for the
equipment allocated TO II. 1t will pay
for it in fifteen annual instalments. with
interest at per cent on unpaid balances.
Director General Hines has also agreed
TO allow the railroads interest at per
cent upon the cost Of equipment or addi-
tions and betterments thereto for it's use
during federal control.
AS heretofore stated in the HERALD the
government waived its claim for an initial
margin of S per cent cash on the equip
ment debt. This concession is held by
railroad bankers and executives to be
of the utmost benefit to the railroads, as
they are not called upon to dip into de-
probation funds and accruals for an
aggregate sum of $1O0,00O.0DO.
AS far as the railroads are concerned,
railroad bankers comment the new plan
for paying for equipment works out ex-
actly the same as if the railroad equip
ment trust corporation had been formed
to finance the purchases. In. the present
instance the Railroad Administrator as
sumes the burden of carrying the debt,
while under the original plan that burden
would have fallen upon the equipment
corporation
Bankers say that it is by no means un-
likely that the car trust corporation yet
will be created. For the time being such a
scheme has been shelved because of un-
favorable investment market conditions
AS the railroads will be provided for under
the new arrangement, the question Of es-
tablishing car trust will be left rather
to the discretion of the government
Washington advices say that railroads
must signify not later than February
their intention CT accepting the new agree
ment if it is to become effective. Local
bankers believe that it is foregcne con-
clusion all will accept the terms. which
are regarded as exceptionally favorable
to the companies.
The New York herald., 1920-01-20
TONE OF CALL MONEY MARKET.
EASIER, RENEWALS 8 PER CENT

With renewals for both choice mixed
collateral and all industrial securities
made at S per cent the tone of the call
money market yesterday was much easier
than it was during the last week. At
half-past twelve o'clock there was lun
In demand for funds and the rate declined
TO per cent Final transactions of the
day were made at that figure.
Time money, as usual was in heavy de-
rnand. with only limited offering. Bids
of from S14 to Sis per cent were made for
periods of from thirty to ninety days
Rates for prime bank acceptances and call
funds on choice prime bank acceptances
were unchanged.
The New York herald., 1920-01-20
MARKET IN HANDS
OF PROF ESSIONALS;
BUSINESS DULL
Bear Raids Early Cause Sharp
ReceSSiOnS-PriceS Re-
bound Quickly.

The stock market yesterday was ex-
tremely dull and entirely professional. To
that extent it was a disappointment. Ex-
pectatiops OF higher prices and OF public
participation born OF the bouyancy dis
played at the end of last week. and the
pronounced Improvement shown in the
-.---.. banI statements. Clearing House and
Federal Reserve, issued after the close OF
trading on Saturday, We're unfulfilled. On
the other hand, securities again demon
strated that the process of liquidation had
been completed for the time being, that
, stocks had passed into strong hands and
that spectators working for lower values
had slightly overreached themselves.
At the opening Of the market the bears
were apprehensive Lack of buying power,
however, apparently reassured them. Raid
ing was resumed. In the first hour those
tactics were fairly successful. but quota
tions came back easily Immediately after
me bears suspended operations. On the
rally, however the market became dull.
Those proceedings We're repeated during
the day but at the close prices generally
showed Improvement
Summing up the days developments
stocks acted. TO use the vernacular of the
street, as if they were "scraping the bot
tom" Business was in smaller volume
than it had been for any full session for
some time. That fact recalled the Wall
street tradition that dimunition of specu-
gation invariably foreshadows the culmi-
nation of a downward movement.
Il was noticeable that in their oper-
ations yesterday the bears evidently were
in search of new points of weakness. They
directed their attention to recently issued
specialties which it was known had not
been well distributed and to stocks that
had not been thoroughly liquidated fol-
lowing bull manipulation last year. Those
issues which had been subjected to the
attention of the short interests last week
closed strong.
In brief, the raids conveyed the impress
sion they had been engineered largely
for the purpose of facilitating covering
in the higher priced quarters in which the
bears had been most active of late.
1t was after the announcement that the
Supreme Court of the United states again
had deferred it's ruling on the taxability
of stock dividends that the spectators
FOR the decline became aware of the
situation in the market On renewal of
their efforts TO force liquidation, they
found the supply from investors and
other sources was virtually nil. There
upon they tried to cover. The outcome
was a substantial recovery in prices.
The low priced railroad stocks were
taken up in the afternoon in an effort to
substitute them for low priced oils. The
buying was accompanied by news that the
Railroad Administration had made salts
factory arrangements for funding equip
nert obligations of the roads. Buying
also was based on hopes of a speedy COM
lletion of arrangements for restoring the
rpads to private ownership on March !. 1T
is known however, that some railway
Executives are skeptieal OF the govern
,ent's ability to carry out its programme
Z ithin time limits set
The New York herald., 1920-01-20
Bid and Asked
~ eks Not Traded In Yesterday.

Ecl owing are tie closing bid and asked
pri rca OF stocks in which there were no
tranxic.ions Yesterday
The New York herald., 1920-01-20
FINANCIAL BRIEFS.

3. r. Calm has purchased n membership
on the Coffee and Sugar Exchange for
81, 200. That Is an increase Of 800 over the
last previous sale.
Cuba Cane Sugar Corporation produced
623576 bags of raw sugar to January IA.
That compares with 3e6,753 bags for the
corresponding period of last year, or an
increase of 3S,S2S bags.
Stockholders OF Endicott-Johnson Cor
poration will hold their annual meeting at
Endicott, n. Y, on February 2. Action
will be taken on a plan OF sharing profits
with the workeres and on an amendment
to the bylaws to change the date Of the
annual meeting from the first Monday in
February to the first Monday in March.
Directors of the Chicago. st. Paul. MIN
neapolis and Omaha Railway Company
have declared the usual scmi-annual divi
dend OF $3.50 share on the common and
of $3.50 share on the preferred stock.
The Committee OF the Stock Exchange
rules that the preferred and common stock
of the company be not quoted cx-dividend
February and not until further notice
Certificates delivered thereafter will carry
a due bill for the dividends.
With a fair volume OF business the
copper market yesterday was little
changed from the preceding week Prices
for export declined slightly, metal being
quoted at 1870. Domestic quotations were
unchanged.
Advices received yesterday from London
announce tho British American Tobacco
Company last Friday entertained its staff
at banquet i'm honor of the employees who
have returned from service in the army
and navy. Joseph Hood. a member OF
Parliament and vice president of the com
pany said 3,too employees served during
the war.
Oil City Derrick reports four competitions
last week with an initial production or
900 barrels a day i'm the Homer field.
The publication says the large operating
companies are not alarmed by the pres
cnce of salt water, which is confined to
the extreme edge OF the field and is not
Dispatches from Chicago yesterday an
nounced that Frank S. Hayward. secre-
tary of Swift e. Company for many years
had retired and will take up n temporary
residence In California. He is succeeded
by c. A. Peacock, who has been assistant
secretary.
The Foreign Commerce Corporation Of
America announced the appointment Of
Carl Taylor as "A vice president of the
company. Mr.. Taylcr retired from the
practice OF law 60 accept the position
Prior TO the war he was member of
the law firm OF Byrne. Cutcheon and Tay-
lor and upon his return from active serv-
ice in Europe became senior member Of
the firrl Taylor, Humes and Begg.
Norman l.. McGloaD, formerly of N. L.
McGloan 4 Co. ST. John, New Brunswick
has become associated with the Stock In
change firm OF Glidden, Davidge g. Co.
The War Finance Corporation has an
nounced that IL has granted further
applications for credits up to sl0.000.0O0. TO
finance exports OF machinery TO England.
France, Italy and Belgium. The cor
poration has thus advanced total Of
81, 10000 for such exports.
The New York herald., 1920-01-20
CLOSING PRICES IN LONDON
FOR AMERICAN SHARES

LONDON Monday.-Closing prices on
the Stock Exchange here for American
The New York herald., 1920-01-20

Cuba Cane Sugar Corporation produced
693,576 bags of raw sugar to January IA.
That compares with 6753 bags for the
period of last year, or an
increase of 2S,S2S bags.
The New York herald., 1920-01-20

THE Farmers and Merchants Natioual Bani
located at Boswell. In the state OF Oklahoma; y
closing Its affairs. All uotc holders and otn,I
creditors OF the association are therefore herrpN
notified 20 present the notes and other clsims
for payment.
Dated d:--Janusry a. 1920
The New York herald., 1920-01-20
NEW BUYING RATES.

News that n revised plan for financing
equipment purchased by the government
for the railroads had been accepted by the
railway executives started buying move
nent in these stocks yesterday Congress
and railroad men also are getting closer
together on legislation and completed
bill acceptable to both houses OF Congress
is expected soon. on the other hand, few
railroad men, IL Is said. believe that the
government will he able to complete ar
rangements for restoring the roads as
early as March I. tho limit set by the
President. They think that the task Is too
big for accomplishment in that short time
and predict that Mr. Wilson viii be conf
PEELED 10 aasAnee ths date upee maie,
The New York herald., 1920-01-20
PHILADELPHIA.
PITTsBURG.
DETROIT.
Following is Il sum


viii be TO holn other
The New York herald., 1920-01-20
STRONG SHARP GAINS TOWARD THE CLOSE
Raids by Bears
Cause Sharp Break
in Allied Exchange
Scandinavian, Danish and Swiss
Strong-Far East Rates
Steady.

Bear raids caused a sharp break in
Allied exchange yesterday. Sterling de-
clined q of a point; francs, five points;
Belgium francs 1S points, and lire, II
points.
Scandinavian rates were firm. Danish
and Swiss rates were strong. German
marks and Austrian kronen broke TO the
lowest level in history. Marks arc worth
1.66 and Austrian kronen .3e.
South American exchange was un-
changed. Australian sterling declined
fractionally. Other Far Eastern rate
were steady.
Following are the rates quoted on the
principal foreign exchange markets n
the close of the regular hours of business
Yesterday
The New York herald., 1920-01-20

B. r. Calm has purchased membership
on the Coffee and Sugar Exchange for
81, 200. That Is an increase Of 800 over the
last previous sale.
The Challis messenger. (Challis, Idaho) 1912-current, 1920-02-11

seemed the outcome Of a continual bat.
tie against them and their institutions,
and they saw no escape except by Sc.
cession from the Union.
As president. Lincoln disappointed
the abolitionists and the more rabid
opponents of the South. He waited
until he believed that there was aimed
resistance to the federal laws but
when this crisis came acted promptly
and effectively. The long conflict fol-
lowed and belongs to history.
Ever since those days LintApln's
fame has been growing, and the oest
students agree that his was the broad
est craftsmanship and the wisest brain
Of all tested in those troubled times.
More and more the country has come
to see that he best understood the
problems and best solved them. His
assassination was blunder for which
the country, both North and South,
paid dear. His speeches, his public doc.
uments, his state papers, reveal a
greater man as they are studied more
deeply, and today the leaders Of
thought, both North and South, pay
to his memory due need Of reverence
The Challis messenger. (Challis, Idaho) 1912-current, 1920-02-11
NOTHING IN THAT FOR HIM
Lean Individual Knew Game That Had
Service In the Army "Beaten
Block"

The recruiting office was having a
slow day. Prospect after prospect
hat been interviewed, but all seemed
to have some fundamental objection to
joining up. Finally, there appeared
long, lean youth who studied the post.
ers with more than the usual degree
of interest. The recruiting officer
perked up.
Like to join the service, buddy?"
he inquired. Like to see the world?"
"Sure would"
Like to get three square meals
day."
'Sure would"
like to get your clothes and yoIr
rent and everything free?"
"Sure would"
"And have a chance to save your
wages?"
"Sure would. Say, how much does
she pay?"
'Thirty dollars a MONTH"
The lean one shuffled away. saw,
h." he grumbled. II knowed there
was trick in it somewhere. kin
borrow that much."-Home Sector
The Challis messenger. (Challis, Idaho) 1912-current, 1920-02-11
TOLD GOOD JOKE on HIMSELF
Lincoln Appreciated Humor IL Remark
Made by Exceedingly Frank,
Outspoken Lady.

When Mr.. Lincoln was presenter
by the POSTMASTER Of banquet of
Illinois editors in 1856. he began with
an apology for his presence, speaking
Of himself as an interlOper. and then
he said he was reminded Of an Incl
dent. He did not say that he was
giving a personal experience OF his
own, but the editors surmised as much
and were greatly amused.
Mr.. Lincoln said that the man Of
whom he was speaking possessed feat
ures which the ladies could not call
handsome. This man, while riding
through the woods, met a lady or
horseback. He turned out of the path
and waited for her to pass. She
stopped and looked at the man a few
moments. Then she said:
"Well for land sake, you are the
homeliest man ever saw"
Eyes, madame" the man replied
"but I can't help II"
"No, I suppose not" the lady said
'but you might stay at home"
The Challis messenger. (Challis, Idaho) 1912-current, 1920-02-11
GREEN'S AUGUST FLOWER.

Constipation invites other troubles
which come speedily unless quickly
checked and overcome by Green's
August Flower which Is a gentle laxa-
live. regulates digestion both In
stomach and intestines. cleans and
sweetens the stomach and allmentary
canal. stimulates the liver to secrete
the bile and impurities from the blood
II p sovereign remedy used In many
Thousands Of households all over the
civilized world for more than half a
century BY those who have suffered
with indigestion. nervous dyspepsia.
sluggish liver. coming up Of food. pal
pitation. constipation and other In
festival troubles. Sold by druggists
and dealers everywhere. Try q bottle,
take no substitute.-Adv.
The Challis messenger. (Challis, Idaho) 1912-current, 1920-02-11
5POHN MEDICAL COMPANY, GOSHEN,
Ha.Ha.ha!

At the foot of steep hill stood a
signb0ard on which the following no
tice was painted:
"Danger-Bicyclists and autoists are
hereby notified that this hill Is dan
gerous and they are cautioned to come
down slowly"
Appended to this were the equally
funny lines.
"Any person not able to read the
above will have it read for them II
they call on the blacksmith who lives
around the corner"
A Scotsman saw this notice and ex
planned to his friends that the point
Of the joke was that the blacksmith
might not be at home.-Boys' Life.
The Challis messenger. (Challis, Idaho) 1912-current, 1920-02-11
Rash Statement.

At the wOrkingmen's institute there
rose a fierce discussion as to whether
women should be given chance of
filling the high appointments.
Twouldn't dot" said a youthful
and newly married firebrand. "Just
think of a woman as secretary of
the treasury. What do they know
about finance, anyway"
His effective pause was spoiled by
an older man, who said, solemnly:
"You just go home to the missus
next Friday night IS short in your pay,
and you'll soon find out !"-Pittsburgh
Chronicle-Telegraph.