davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-02-20
Trading in Rails
Dominates Market:
Prices Up Again
Keen Interest Displayed in
transportation Stocks;
Industrial List Inactive;
Half Of Turnover i'm Rails

! 1t was an oldtime railroad market
yesterday. Not in years has interest
been ccntered on the transportation
list to the degree that it was yesterday.
Normally, transactions in railroad
stocks contribute only about 90 per
cent to the total turnover on the Stock
Exchange, but yesterday about half the
dealings were in rails. At times the
Industrial list was almost neglected
There were intervals in the afternoon
when four out of every FIVE quotations
printed on the ticker represented
transactions i'll the shares Of the car
riers.
An interesting and perhaps the most
important feature of the market was
that public interest. which had been
! the industrials, showed signs of re-
/ vival. A great deal of the trading in
rails was, of course, for professional
| account, but number of houses re-
ported outside buying. This buying
was, moreover, largely Of an invest
ment character and represented in part
purchases by those who had sold the
same stocks late last year or early in
1920, either to establish losses for in
come tax purposes or because declin-
ing prices had frightened them out.
The stocks most II, demand from out
side sources were the standard issues.
such as. Reading, Union Pacific, South
ern Pacific, Atchison and Norfolk &
Western, with scattered buying of the
low-priced issues. The latter, how
ever, obtained their chief support from
the professional element.
After some display of weakness early
in the day. majority of the railroads
remained strong right up to the close
of the market, final quotations in many
cases being the top ones for the day
and the current movement. Not few
issues have gained as much as 10 points
since the bottom WAS touched last week
Contradistinct tendencies were dis
played by the industrials, with the
majority closing lower than on Wednes-
day. The notable exceptions were the
oil shares, which generally were strong
Apparently the oils have been in an
oversold condition, for they have been
persistently strong during the last few
days even when other sections Of the
industrial list were weak.
Call money again opened and re-
neswed at 6 per cent, which rate was
maintained throughout the session.
What may possibly prove to be an i'm
portant development was some slight
activity in the time money market.
Small time loans were made yesterday
for the first time in several weeks and
at rates we'll below those which brok-
ers have offered to pay for such &C.
commodations within the past fort
night.
New-York tribune., 1920-02-20
The Dutch-Shell Bonus Outlook

AN interesting state of affairs is said
10 10 exist with regard to The stock bonus
rImored to be under discussion bv the
management of the Royal Dutch Pc
Sroieum Company. 1t is learned that
certain Paris interests which hold -
large stake in the Dutch concern are
eppqsed ta 20 II to the offering of new stock
h1, 70 'ne ne stockholders giving them valua-
bio rights, on the ground that because
OF the great depreciation in French ey-
change they would have to paw hnga
premium in order to take advantaee 81
the offering. The stock is ouotsd ,,h IN IN
gu'idiers, and the discount in francs in in
the Holland market amounts. rouob,,.
10 40 per cent. This would he ~
Pr premium French stockholders in Royal val
Dutch would have to pay. In connec-
Ton u. with Shell Transport and Trading
1T is stated by those in close tonnh
with that twin brother of Royal Dutch
that stock bonus may come soonsr
than orr ginally planned in order to n,,,
the T. distribution through before the the
br'tlsh government jams on a tax on
stock dividends. Such a tax is under M
consideration in England.
New-York tribune., 1920-02-20
Railroad Bonds

With speculative interest shifting for
the moment into railroad stocks, num-
ber Of houses are advising their Glen
tele to buy railroad bonds, pointing
out that they offer exceedingly attract
I've investment and speculative possi-
biiities. The feeling is that the new
railroad legislation will adequately pro-
tect all outstanding railroad bonds
-, l. Hudson & Co. said yesterday:
We wish to direct attention to railroad
ponds, nearly all of which are selling
from fear and neglect at prices the
lowest IN their history and yielding an
income return on the purchase price
class: Many of these bonds, like the
Is of 1895, Chicago & Northwestern
general IS of 1857 and Union Pacific
first As of zoos, are first mortgages on
important and extended parts of these
systems. thereby guaranteeing safety
OF principal. These securities are sell
ing anywhere from Is to % points from
the highest and yielding between and
per cent on purchase price, maturity
not considered. They will gradually ad-
vance. Then there is another class of
oonds which are more speculative, not
so we'll secured, but considered abso-
lutely safe for any one who under
stands Investments and keeps watch on
same. These bonds are selling so low
.hey are apt to advance quicker and
further than the ones above mentioned.
Vf these may be mentioned the st.
Louis & San Francisco prior lien 4s.
ROCK Island general 4s and Chicago
ureat Western general IS.
New-York tribune., 1920-02-20

Sub-Treasury--Unitcd States Federal
Reserve credit balance, S64,oo4,42e.
Silver - London. S3%d; New York,
$3.50; Mexican dollars, 991sc.
New-York tribune., 1920-02-20
$I4,88l, $50 Bonds Retired
treasury Operations in January
Reduce Liberty Issue

WASHINGTON. Feb. 10. Liberty
bonds of par value of s14,ss1 $50 were
purchased or retired in Jsnuary aside
from the operations of the bond SINK.
ing fund, it was announced today at
the Treasury.
This includes s4,172,25O from the
war risk insurance reserve, which only
recently was made available for invest
ment IN Liberty bonds. and surplus
earnings of the Federal Reserve banks
u the amount OF S2,922,450. The re-
mander is made up OF $S9o.00 worth
OF bonds delivered in payment of estate
and inheritance taxes and S7,Sot,75O
which was returned to the Treasury
by foreign governments out Of unused
sss1sse ssaxhtiahGd fes Shvra la .hs
u1atsd StatAs hy <hs TxsAsnxh
New-York tribune., 1920-02-20
A. 1. C. Rubber Holdings

Wall Street has heard lot of rumors
Of late, particularly during the bull
market which carried United States
Rubber common stock above 40, that
the American international Corpora
tion took advantage Of the rise to un-
load at q nice profit substantial part
of it's Rubber holdings. Later reports
since Rubber has declined with the
rest of the market have intimated that
this stock was being repurchased in
the open market. A man in close touch
with Ameri International affairs
stated yesterday that in his opinion
these reports were not we'll founded
and had no basis in fact, and that he
did not believe American International
had sold any Of its Rubber.
New-York tribune., 1920-02-20
Bank of England
LYNDON, Feb. 19.-Thc weekly
statement Of the Bank Of England
shows the followinn channea.

The proportion Of the banks reserve
to liability this week is 1742 per cent;
last week it was 22.4O per cent. Rate
OF discount s per cent.
New-York tribune., 1920-02-20
American international

Winding up Of American Interna-
tional Corporations co-partnership ar
rangement with the government in the
Hog Island shipbuilding enterprise is
bringing to light some interesting fig
ures regarding the concerns emergency
shipbuilding operations. The A. /. G..
delivered last year sixty-three ships
company about $4,000 a ship. AS a
result Of the settlement with the gov
ernment it is understood that the COM
pany is to receive between 100000 and
81, 900 as it's share on contracts
which were cancelled when the war
ended. The corporation has about ST.,
erty which is to be returned to it by
the government, the latter having paid
to the A. /. c. a rental of per cent
on this.
New-York tribune., 1920-02-20
The Nollar in Foreign Exchange

The rise in terms Of the dollar Of
the currcncies Of the former belliger-
ent nations Of Europe yesterday con-
tinued, and the pound was quoted at
S3.4425 at the close, compared with
$8:3S25 the day before. Similarly the
dollar would buy only 1857 French
francs yesterday, compared with 14.12
on Wednesday: The improvement was
parallel in Belgian francs and lire.
Yesterdays rates follow:
New-York tribune., 1920-02-20
In Wall Street
Now and in 1907

One of tho best known analysts IN
the financial district yesterday COM
pared the present business and fnan-
cial situation with that which obtained
early in 1907, after the first stage Of
the "silent panic" which began in
March, had been completed. For some
considerable time after its completion
a rising market in stocks took place.
1t was followed by wide open break
in stocks in October of that year. This
observer believes we have already had
the "silent panic" and that the depresa-
sion of business which he believes. is
inevitable. will not come until the fall.
1t is his opinion that meanwhile
spring rise may be seen in stocks.
New-York tribune., 1920-02-20
Gold Export Embargo Opposed

Talk is heard in many quarters of
the necessity of the government taking
st steps to stop the heavy loss Of gold to
the Far East and South America. The
point made is that it is hardly a sound
proposition TO- pay our debts in those
when our European debtors are not
paying, in gold. The objection to lavine
an embargo on gold exports from tho
united States, an interna tional hankar
SAID Tosteroay. lies in the fact that to
stop, gold shipments out of the country
would result in due course of time in
sending gold to premium. as is the
case IN England at present. That
Woula t,,0 tend to ,deprecate the value of
T,'s lne american dollar and would enable
obligations to US in cheap dollar.
New-York tribune., 1920-02-20
Industrial Alcohol

acton of the United States Indus
rrlal Alcohol Company in declaring the
aegulsr quarterly dividend of 2 per
bud rumor that was gaining c;rc,'1a' .e
ton to the effect that a reduction in The
rate OF the disbursement was impending
Durlng the recent break in the market
Alcohol did not act very we'll. Tho de-.
cine carried it from around 116 to he-
low so. This was the main basis for
the rumor of coming dividend cut. i
IS stated by interests close to the com
PAM. I'm
New-York tribune., 1920-02-20
Another Tobacco Merper

The better tone displaved hv Ar.u,
can Sumatra Tobacco common e atocL
the last day or two is attributed to q
plans that are understood to be nnder
way for the merging into single cor
poratlon of that company and the Con
solldated Cigar Company. The two
concerns are already controlled bv al.
.led interests and Sumatra has con
u, trolling interest in the cigar company
h, by reason OF the ownership of large
tho paock Go. OF stock. The report current in
that IN the consolidation under discnss
SION Sumatra common and Consol;-
dated Cigar preferred will be favorea
issues. A"'oAeu
New-York tribune., 1920-02-20
Did. Asked

Harfls' Forbes & Co. have purchased
P.ope''s IN boston opposite their present
oH,,res ,,,e at 20 Federal Street. on which tbev
riu.stvsf III. sfsu. ~. building for their own OK.
New-York tribune., 1920-02-20
The Buying in the Rails

no is buying railroad stocks? That
is question that was asked thou
sand times if it was asked once vester-
DAY. a group of stocks that has hsar
NcKed around for months and months
suddenly comes to the front with .
susn. The buying power in the rails
Yesterday and the day before was of
.afge proportions, but looked larper
shan 1t really was because Of the corn.
New-York tribune., 1920-02-20
paratively small floating supply

parativeiy small floating supply q
SOCKS making it rather easy to push
rfices up. While the buying in tse
rails probably started in strong bans,,
ing circles, it is certain that crowo
OF OF speculators heretofore interested "
the lndustrials because they gave "rss. y.
ac'ion" has climbed aboard to rlcs
@tong with the move That species -
operators known as tape chssels
nave helped to swell the buying 81 Y.
rails. They are the kind OF traaes
who buy anything they sse moving
New-York tribune., 1920-02-20
Dividends
Extras

ONO OH Company extra dividend al
40 ',1,. share has been declared in ad-
~ uy''ei e 10 'h% regular quarterly dividend
TO stockholders OF record February 90
Increased
.r american Bosch Magnetic Corporation
l. ns regular quarterly dividend has been
'n'rraSed from 81 to $3.50 a share payable
April to stockholders Of record March / 5.
The Alaska daily empire., 1920-05-27
SEES CHEER IN TRADE BALANCE
 FIGURES FOR APRIL

WASHINGTON, May 27-Although Japan continued to pile up an un- favorable trade balance in April, the excess of imports over exports de clned for the first time this year the Department of Commerce was advised today by its Tokio repre- sentative.
 Exports for the month amounted to $121, 100000 and imports to $16O, 00O,0 an excess of the latter over the former of $39.000,0O0 as com pared with $G7 100000 last month. ', The report said the figures showed the first hopeful turn in the tide of Japan's eyer-increasing unfavora ble balance of trade"
 Total Japanese exports for the first four months of the year were $3S0. .000 900 against imports of $5S4. 900, 900 an unfavorable balance fol the period of 2O4,OOO.00O. The gov ernment's holdings of gold were re ported at $927 00O.eo0
The Alaska daily empire., 1920-05-27
NO SUSPENSION OF ASSESSMENT
 WORK FOR 1920
House Committee Votes Down Bills Covering Labor
 On Mining Claims

WASHINGTON, D. C., May 27.- Efforts to further suspend assass- ment requirements on mineral claims, both in Alaska and in the States resulted in failure when the House Mining Committee voted down bills covering proposed legislation to that effect. It is not expected that a fight will be made on the floor of the House to revive the proposals
 The law requiring claimants to mineral lands to do $100 annual assessment work on each claim was suspended three years ago on account of a shortage of labor. The proposal for Alaska mines contemplated fur ther suspension of the law for one year only. Another measure, how ever, had been introduced providing for permanent lifting of the law both in Alaska and in the States. Both bills were voted down by the House Committee.
The Alaska daily empire., 1920-05-27
FALLING ROCK KILLS
 DOUGLAS WORKER IN
 READY BULLION MINE

Loose rock from the roof of a drift in the Ready Bullion Mine on Douglas Island this morning fell striking Nathanial Swanson and kill ing him.
 MT. Swanson was one of the best known miners in this section of the country having been employed at Ready Bullion mine for a number of years up until the outbreak of the war when he went to Tacoma and worked in the shipyards. He re- turned here after the war was over and took his old position at the mine.
 He was a nephew of Oscar Chilean formerly on Douglas Island, was S2 years of age and native of Sweden He was prominent in the Odd Fellows Lodge. He was unmarried but had several brothers who live in the States.
 He was a mine carpenter by trade and was considered one of the best in the profession.
The Alaska daily empire., 1920-05-27
FAIRBANKS HEALTH
 OFFICERS SOON TO
 RAISE QUARANTINE

FAIRBANKS, May 27-Health con ditions in Fairbanks and its imme- diate vicinity are rapidly approaching normal state. Tho influenza epidemic which affected practically 80 per cent of the r)ple in this district has passed over and further cases are not anticipated
 Dr J. A. Sutherland, Divisional Health Commissioner, will probably issus an order soon removing all restrictions on travel from here to other Interior Alaska points, the quarantine to be taken off on June 1. Communication from here to other points in the Division has been greatly hampered and all travel shut off for several weeks. A mum Der of small gas boats operating be tween Nenana and Fairbanks will start their seasonn's work next week.
The Alaska daily empire., 1920-05-27
CONGRESS TOLD BILL IS STAIN
 ON U, s. HONOR
President Voices Unalterable Opposition To Measure
 To End War
VITAL THINGS OMITTED
Declares Resolution Would Nullify Objects For
 Which We Fought

WASHINGTON. May 27.-Presi- dent Wilson's expected message ve- toing the Republican resolution de- claring the war with Germany and Austria to be at an end was sent to Congress today
 Such a method of making peace with Germany would place an in effaceable stain on the gallantry and honor of the United States the Presidents message said.
 Without announcing any course of action regarding the treaty, re- jected by the Senate after he had refused to approve "nullifying' res ervations, the President declared it embodied the important things om- itted by the resolution and that by rejecting the treaty the United Sates had declared in effect that it wished Ito draw apart and pur- sue objects and interests of it's own"
 The President added that the res olution omitted many important objects for the vindication of which the United States entered the war.
 The previous vote in both House and Senate indicated that the Re- publicans would not be able to mus ter sufficient strength in either body to pass the measure over the veto.
The Alaska daily empire., 1920-05-27
IMMIGRANTS RICHES
 FOSTER BELIEF IN
 MODERN FL DORADO

NEW YORK, May 27.-Believing that "El Dorado"-the mythical city of fabulous wealth-still exists, was expressed by immigrant inspectors tonight after examining immigrant aliens from South America with bank rolls running into the hundreds of thousands.
 One couple when asked to register and deposit their money fo" safe keeping pending an investigation as to their admissibility, laid down a bank roll of $114,0O0 and Ii pieces of expensive jewelry. A Spanish woman said she had nothing smaller than a check for $11,0G0 on a bank in Los Angeles, Cal. The climax was when one family laid down 90 much money and securities that the immigration officers did not have time to count it. It was said un- officially that the family total would reach $300,000
The Alaska daily empire., 1920-05-27
HALF MILLION
 DOLLAR ANGEL"
 IS |DEALISTIC Gen. Woods Campaign Man. ager Testifies Money Used
 To Educate" Public LUST FELLOW LIKE ME" Says Chewing Gum Magnate Also Contributed From
 Idealistic" Motives

WASHINGTON, May 27.-William facturer of Cincinnati and campaign manager for Maj. Gen Leonard Wood, who testified yesterday be- fore the Senate committee investi- gating pre-convention campaign ex- penditures of Presidential candidates that he advanced $500,000 to Woods campaign fund, later objected to giv- ing names of other contributors but finally said William Wrigley, multi-millicnaire chewing gum mag nate, "a fellow like me-" contribut- ed heavily.
 He also admitted that M. Bylles- by, New York banker, made a sub stastial contribution to the cam paign fund. Ambrose Monel gave $20,000, he said.
 Proctor asserted his half million dollar advance was entirely ideal istic, as much so as if he had been giving to the Red Cross. He de- clared sixty to seventy per cent of the expenditures made in Woods behalf were for educating" the pub lie. A naverage of $s,O0o was spent in each of forty-seven States for this purpose. he testified
 Steel Co.'S Counsel
 ! Former Representative c. c. Car lin. of Virginia. campaign manager for Attorney General A. Mitchell Palmer, questioned by members of the committee as to whether he was counsel for Raymond Dupuy of the Crucible Steel Company, which "de- frauded the government of $10,- 900, ,000" ereplied that he was. He said, however, that he represented Dupuy only with regard to his per sonal income tax and had no con nection with the steel companys transactions. Carlin admitted that John w. Sterling. campaign man lger in Pennsylvania for Palmer, was attorney for some of the Dupuy steel interests.
 Harry NJ. Daugherty, representing tnited States Senator Warren G. Harding of Ohio, told the commit tee today that Harding's organiza- ton had spent $107.704 so far.
 Buffers Expenditures
 Dr. Nicholas Murray Buffers ex- penditures in furthering his Presi- dential aspirations were given as S40,55G-chiefly for publicity in tes- timony of his campaign manager to- day.
 Burris Jenkins, publisher of the Kansas City Post, who was invited to take charge of William G. Me Adoo's campaign in the Middle West, told the committee that McAdoo's representatives had said to him when extending the invitation, We have not even enough money to pay your expenses.
 John T. King, Woods first cam. paign manager testified this after noon that Dan Hanna of Cleveland, Ohio had agreed to raise $500,00O to | finance the Generals campaign. King said the offer was not dis cussed with Wood.
The Alaska daily empire., 1920-05-27
PALMER OPPOSES FEDERAL
 OWNERSHIP OF RAILROADS

WASHINGTON, May 27. - Flat opposition to government ownership of railroads, endorsement of Federal control over the manufacture and distribution of necessary cOmmodi- ties and approval of elimination of the excess profits tax in favor Of higher taxes on incomes derived from investments featured the re- ply.-of Attorney General A. Mitchell Palmer today to the questionnaire sent to all Presidential candidates by the National Board of Farm Organ iZations.
The Alaska daily empire., 1920-05-27
COMING
 10 ALASKA WITH
 WARSAIPS SOON
Pacific Fleet Commander An. nounces He Will Sail
 With 6 Destroyers

LOS ANGELES, May 27.-Admiral Hugh Rodman of the Pacific Fleet announced here today that he will personally accompany detachment of six destroyers that will leave soon for Alaskan waters.
 The trip will be for the purpose of inspecting the harbors and other facilities of Alaska from a naval standpoint
 This is the fleet of destroyers that it was announced some months ago would make the Alaska trip this year. According to the schedule of the arrival of the fleet it has been hoped that the vessels will be in the Channel for the Fourth of July and that they will spend some time here.