davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-03-10
Profit Taking
Checks Advance
In Stock Market
Prices Hold Well Despite
Pressure, but Sensational
Fluctuations Confined to
Specialties; Money Strain
a Handicap

Profit taking in large volume
checked the advancing movement of
stock prices yesterday. and save for
sharp gains In a few Of the volatile
specialties changes at the end of the
session were relatively small. Gen.
eral Motors scored the greatest ad-
vance. closing at 312. up Il points,
interest in this issue apparently had
been very large, but action of the
stock during the afternoon indicated
that it had been rather we'll cleaned
out Crucible Steel, which responded
sensationally on Monday to the fa-
vorable stock dividend tax decision,
continued its advance during the early
trading and reached a new high for
the year at 240. Later taking
and short selling caused a reaction, 50
that the stock closed down q frac-
ton.
The market opened strong, but be-
fore much progress had been made
considerable pressure was exerted on
most of the active stocks, both rails
and industrials The demand was suffi-
drastic reaction which was SO widely
expected. Prices eased off here and
there. but they came back we'll, and
on the whole the market displayed
much better resistance than it had~for
some weeks. Gains exceeded losses in
number and size.
A good deal Of discrimination was
shown in the purchasing of railroad
stocks. Reading and Union Pacific
were notably strong, but other active
rails were not much changed The
comparative stolidity Of the transpor-
tation shares was disappointing to
many traders and brokers, who had ex-
pected that the decision regarding val
uations would cause an immediate
boom. Undoubtedly the decision was
highly favorable influence, since it
lnsures the carriers substantially
higher return than they would have
received had the government won the
case, but it was difficult to give this
or other good news tangible express
sion In view of the money situation.
Call loans yesterday were renewed at
per cent and the rate later dropped
to per cent, but the Street has
ceased to regard fairly low call rates
as being of much significance. What
is needed is a good supply Of time
money. Wall Street would look upon
substantial increase in the supply
OF time funds as the solution Of all
ITS difficulties, even If the rates were
high But so long as brokers must
depend almost wholly on the unstable
call market for their funds a real bull
market is regarded as almost an i'm
possibility.
The banking situation does not hold
OUT much hope for immediate i'm
provement in this respect. Probably
there will be no real stock market
money ease until commodity loans
nave been liquidated rather thorough
~, Some observers believe that monev
Will be easier after tax payments are
completed the middle of this month.
but 1t is hardly likely that this ease
WI Will take the form of an adequate sup
ply Of time funds. Ivy
New-York tribune., 1920-03-10
Mexican on Shares

Mexican oil Issues displayed special
strength yesterday, with Mexican Pc
troleum one Of the topliners. At tho
high price Of tho day. 1879, the stock
was up more than points It closed
at 1874. Pan-American Petroleum was
also in demand at advancing prices.
The Street heard Of impending devel-
opments with regard to the future Of
these properties, which rumor had it
would be extremely favorable. 1t is
believed that such developments will
have to do with prospects Of large pro-
duction in Mexico in the near future
as the result of d1illing operations now
being pushed. Advices from Tampico
are to the effect that twenty-eight
wells are in process Of drilling and
several Of them are nearing the pay
sand. In the past some of the new
wells in that district have come in
flowing from 100000 to 100000 barrels
day. Success therefore in a COM
paratively small percentage Of the
drilling operations under way might
add greatly to production in that pro-
ducing area. Mexican Petroleum has
several wells drilling, and the Mexican
Eagle Oil, subsidiary Of the Royal
Dutch, has Ave nearing completion.
When the ban was recently lifted by
the Carranza government upon drilling
there was a rush to get rigs into opera
ton.
New-York tribune., 1920-03-10
Lumber Dealers
Form Association
New Combine Is the Largest of
Its Kind i'm the
World

NEW ORLEANS, March 9.-Leadine
Wholesale lumber dealers in the United
States. it was announced to-day. have
formed the American Lumber Associa-
tion, which will begin operations later
In the month, with headquarters in Chi
cago. Comprising dealers from everv
large American city, the new associa-
tion Is said to be the largest lumber
organization in the world In point of
capital and business activity repre-
sented.
L. German IT,, Of Pittsburgh. has
been named president of the association
and l.. K. Putnam, Of New Orleans. has
been selected manager.
according to a statement issued In
behalf of the association, at is founded
on the conviction that intelligent dis
trlbutlon of the wood products now
Delng manufactured in the various nro.
duclng regions will be of unques toned
service to the lumber consumers of the
entire world. The organization will
start operations at time when tho ,a
worlds demand for American lumber
Is reaching volume hitherto une-
squaled. Russia is out of the worlds
lumber markets, and no other nation
approaches Americas supply.
The association will have nothino
to do with the naming of prices on lum.
Der, which will be fixed by the mann
1aeturers, as at present"
New-York tribune., 1920-03-10
Cities Service

1t was pointed out yesterday that
the decision of the United States Su-
preme Court in the stock dividend case
means whole lot to holders of the
common stock of the Cities Service
Company. All stock dividends declared
by this corporation are affected by the
decision. Cities Service paid per cent
in stock dividends in 1916 and another
6 per cent in 1917. In 1918 9 per cent
was paid in this form, and in 1919 IL
per cent. Up to the first of this year
the company had paid total Of 33
per cent in stock dividends on common
stock, which at current quotations
represents market value of more than
$33 100000. In addition the company
has paid in cash dividends on its COM
mon stock total of S7,00S,077. Janu-
ary earnings Of Cities Service. re-
ported yesterday, showed a balance
available for dividends on the COM
mon Stock after all charges amounting
to $1,344,059. Production at present
is running at the rate Of 1000 barrels
month.
New-York tribune., 1920-03-10
A Spring Rise

If there is anything In the tradition
that "stocks will go up when the sap
starts in the trees" the recovery that
has gotten under motion in the stock
market this week may be the annual
"spring rise" At least. that is the
opinion expressed in many quarters
in the Street, where it is held that
after a brief reaction the market may
go still higher on the rally. I'VE be-
lieve," said A. A. Housman & Co. yes
terday, "the foundations are well laid
for the so-called spring rise. dupli-
cation of Monday afternoons violent
advance would be undesirable. but
there is every reason to look for a
constructive market, but one which
money rates Will not allow to get out
Of hand"
New-York tribune., 1920-03-10
Money and Credit

Call money on the Stock Exchanpe
yesterday renewed at per cent and
closed at per cent, the same rates
that prevailed on the precedine dav
The greater part Of the days demand
money brokers stated, was filled at The
higher rate. A few small time loans
were reported to have been made. but
the larger banks are still holding off
from making loans except on call.
The ruling rate for money yester-
day, compared with year ago, follows:
Yester- Year
On mixed collateral. +
On industrial collateral 8 5h
Time money (mixed collateraD:
Sixty days............ 8 6h@5%
Ninety days. 5hM5%
Four months. ...... bhM5M
Four to six months. 9 5EM5%
Bank Clearings-Bank clearings in
New York and other cities Yesterday
were:
Exchanges. Balances
New York. ...$S38, ,564734 s6lOO9. 1924
baltimore .... 16,543,9S7 8,O84 ,O95
boston :..... 5S,57S,116 12.029.S15
Philadelphia :. 72,754,394 1884 ,557
Sub-Treasury-United States Federal
Reserve credit balance, s44,S5S,29s.
Silver-London, 77%d; New York.
SI'2S; Mexican dollars, 99c.
New-York tribune., 1920-03-10
In Wall Street
Stock Dividend Possibilities

Wall Street was still talking about
the stock dividend decision yesterday,
and 1t was continuing influence IN
the stock market, where many indus
trial shares made further striking ad-
vances. 1t is estimated that about
forty big corporations outside Of the
Standard Oil group are in position
now to go ahead with stock disburse,
ments. The following table, compiled
by Dow. Jones & Co.. lists the most
important possibilities, with the sur
plus per share and the total surplus, on
the basis Of last annual reports:
New-York tribune., 1920-03-10
lhe Dollar in Foreign Exchange

Sterling and franc exchange moved
sharply upward yesterday on further
reports from overseas that gold ship
ments were likely and on the official
announcement from the Chancellor of
the EXchequer that the British govern
ment had been purchasing Anglo
French bonds in the open market to
take advantage Of the existing discount
IN the market value Of the bonds.
Bankers expressed the view that
France, too would ship gold. Belgian
francs and lire also were slightly
firmer, and marks shot up from Iii
cents a mark on Wednesday,, which
was the highest quotation in several
weeks. to 1.27 for cables yesterday.
There was better buying on the ex-
pectation that perhaps Germany will
get credit in foreign countries under
tho new conditions which the Allies
have been discussing Japanese ven
turned weaker, and are now selling
about two cents under par. Japan has
been heavy buyer in the United
States in recent weeks.
Yesterdays rates, compared with
those of a week ago, follow:
New-York tribune., 1920-03-10

Wss,.! Wss: Pc s wool~orh nla 4issa issh
WiIS,m WiHs 30 r. ~ Isl o. o. % 40 pr Ill lib
WiIss Pr =. ss,s s. "d Do p B. Pr tx e gs gs
New-York tribune., 1920-03-10
The Rails

Around the Street the feeling In
many houses is that the railroad shares
ought to and will do better in the long
run. The opinion was expressed yes
terday by one leading broker that the
main reason the rails are not moving
up faster is the pressure Of foreign
selling.
New-York tribune., 1920-03-10
Calumet and Hecla Omits Dividend

Difficulties under which the copper
mining companies are operating were
emphasized yesterday when the Calu-
met and Hecla Mining Company, a con-
Germ which has paid dividends to its
stockholders since 1871 aggregating
more than $160,ooo,ooo, omitted the
dividend usually declared at this sea-
son. In the final quarter Of 1919 the
company paid SIS share. Production
costs Of the company. which operates
In the Great Lakes region. averaged
about IL cents a pound last year,
whereas there was quite q period early
IN the year when copper prices were
we'll under that figure. Calumet and
Hecla has remarkable dividend rec
ord. During the peak of the war, in
the 1917 boom, it paid its stockholders
$50 share in cash dividends. In 1915
S75 share was disbursed and in 1918
SOB. Dividends paid slumped to $40 a
share last year, when the copper in
dustry was hard hit by the sudden
falling of in the demand for the metal
Crucible
Crucible Steel gave an extraordinary
display Of strength yesterday consider
ing the fact that it had undergone q
remarkable rise on the day before. It
got away to slow start, opening 225,
compared with a close Of 227 on Mon.
day, but in the course Of the next fif-
teen minutes showed a turnover Of g.
zoo shares on buying that carried it
swiftly to 240. That was the high
water mark for the day and ten minutes
later Crucible was down to 238, the
decline to that level being made on the
sale of 2.l00 shares. After that Cruel
Bile acted in saner fashion. As a
result of the lightning change that
has been wrought in the market posi-
tion Of Crucible, the bear traders who
are confining their operations in other
parts of the list for the time being
They also appear to be leaving General
Motors alone.
The Washington times., 1920-07-15

THE DUCHESS OF GAL
LESE. whose recent we'd
ding TO the Duke Of Gsllese,
son of the famous Gabrielle
DAnnunxio, In Rome. was ACE
counted the most notable event
of the season. The Duchess,
who is but sixteen years old,
was donna Ninon Teresa before
her marriage.
The Washington times., 1920-07-15
Little Girl in FriHs
And Laces Leaps Into
RiUer and dRescuesB0y

negro boys head resting on her
shoulder and a scattering cheer came
from the head-cTaammed windows OF
the train.
Two men who heard the commotion
ran on to the pier with a rope and
soon hauled both children TO safety.
Meanwhile the passengers had been
taking up a collection and presently
parcel. well wrapped In news
papers, thumped into the street at
the feet OF the bedraggled little girl.
AS the train moved jerkily on its way
she clutched the parcel in her arms.
gave a dripping wave OF the hand
to the departing cars and started up
the street.
That il why two little negro boys
one wet and one dry, got home last
night without a satisfactory explana-
tion OF their absence and why a lit
tie white girl, with Sunday frills
virtually ruined. reached home car
rying a well wrapped newspaper par
Gel which contained about 81 IN bills
and silver, and a story that her par
ents may or may not have believed.
The Washington times., 1920-07-15
Commission HALTS
HIGHER COAL RATE
SQspends Until September 2 In
creased Schedules on
SeweII Valley R. R.

The Interstate Commerce Commits
sion today ordered suspended until
September 2 rate schedules seeking
to cancel joint through rates on
bituminous coal from points on the
Sewell Valley railroad in West Vir-
ginia to tidewater points and other
designations" The commission had
formerly suspended these schedules
until August 3.
The commission fixed July 81 as the
date for hearing on the application
OF the Central Vermont Railway Com
psny for authority to issue refunding
mortgage ten-year gold bonds. dated
May I. 1920. TO the amount of s15.-
900, 900.
Another order OF the commission
authorizes the Norfolk and Western
Railway Company to continue issuing
its common capital stock "out of the
remaining duly authorized unissued
shares, valued at $4,000 600" in ex-
change for Its convertible 10-20-year
4 per cent gold bonds. its convertible
IO-25-yesr Az per cent gold bonds and
its convertible 10-year 6 per cent gold
bonds"
. Full investig alton OF the facts in
Volved." the commission states, "show
that the entire bond issue hereunder
becomes due IL the change is not con-
summated."
The Washington times., 1920-07-15

NEW YORK, July i5.-Passensers
on q suburban train OF the New York.
New Haven and Hartford railroad.
which left the Grand Central station
at b;t5 p. m. yesterday. and was
stalled at the Harlem river by an a
eident 10 a third rail shoe. became in
terested In a scene on a Harlem river
pier al 1920 street, during the delay.
delay.
on one side OF the pier two little
negroes apparently about ten years
old. were "showine on" They played
leap frog. they stoSd on their heads.
they played perilous tag around the
bufkheads. they pummeled each
other with shrili cries OF mimic
ferocity. The cause OF their antics.
white girl OF about the same age,
dressed in ber starchiest and frilliest
best. sauntered MP and down the op-
posite side of the pier. burdsned with
a blue parasoi and an elsbordate In
difference to masculine maneuvers.
One OF the conte nders for her
sIances suddenly swung himself out
on a taut hawser that led TO the
stern OF q barge which the tide had
swung out into theN river a distance
OF sbout thirty feet. Hand over
hand he began 10, ming himself along
the hawser His rival however,
seized the rope and began alternately
to throw his weight upon IL and
strive to lift II.
GRIP GROWS WEAKER.
The result was that the boy on the
rope soon found himself jogging up
and down above the river. now almost
touching II with his feet and now
raised high above IT,. He kept on la
boriously and managed to reach the
barge. He was too exhausted, how
ever. to pull himself up the steep slant
Of the rope to, the stern, and began
tho return journey.
He was going more slowly now,
Several times he tried to throw a leg
over the rope to rest his arms. but
had not the strength to do so. Half
way between the barge and the pier
he found that he could not remove
one hand for the next grip without
losing his hold with the other. He
hung riRidly above the eddying sur
face OF the stream. and the terror
stricken shine of his eyebalis was
visible to the passengess on the
trestle.
The little white girl. however. still
was ostentatiously oblivious to the
proceedings. strolling mincingly up
and down with her parsol cooked over
one shoulder. Not so the little negro
on the pier. with a single panicky
glance at the immovable figure on the
rope he took to his heels.
PLUNGEs INTO RIVER.
The next moment his rival dropped,
twitching and striving to recover his
hold. At the splash and strangled
cry the siittle white girl ran to the
end OF the pier. dropped her parasol
and plunged. in all her starchy frills,
into the river She came up with the
The Washington times., 1920-07-15
.'l3 JINX' WORRIES
NEGR0AT HIS TRIAL
Unlucky Number Crops Out AT
Every Turn As Case
Progresses.

Los ANGELES. July i5:-Do thir
teen times thirteen equal Innocent OF
guilty?
Elgin Carson, a negro on trial foI
murder, objecting at the beginning oi
his trial TO having thirteen juror
sit in his case. His attorney. T.. Bur
ton Ceruti! stated my client would
rather commit suicide" than have
thirteen Jurors: Judge Craig. how
ever. decided that II was better TO
have an extra juror in case one be-
fcame sick.
DEPUTY District Attorney Fricke
prosecuting the case. discovered the
hoodoo the defendant fears Is multi
piled by thirteen, as follows;
Thirteen Jurors.
Thirteen volumes OF transcript.
Four sets OF witnesses, each set
having thirteen witnesses.
The prosecutor, Charles Fricke,
has thirteen letters In his name.
The defense attorney. Il. Burton
Ceruti, has thirteen letters in his
name.
Charles A. Jones. another defens,
attorney, has thirteen letters In his
name. =.
Others in the case who have thir.
teen letters in their names are:
Joseph Vaughan. court reporter;
George Sleeper. the man who was
killed; Charles Dasent, witness;
william w Giynn, the police officer
who made the arrest. and Edward l..
Kinney. clerk OF the court where the
trial is held.
Besides, the "Dreamland cafe"
where the defendant says he was at
the time OF the shooting has thirteen
letters.
Carson Is charged with numbering
George Sleeper, a Pacific Electric
motorman. $3.50
The Washington times., 1920-07-15
DRY AGENTS ARREST
8 IN ATLANTIC CITY
Rum Raids on Cafes Yield Large
Bag Of Proprietors and
Managers. go :'.

ATLANTIC CITY, July lS, Tns
Federal authorities put . few extra
nails in the booze lid" here. yester-
day when they arrested eight cafe
men on warrants ehsrsing Violation
OF the prohibition Law. -,
The SPECIFIC charge was keeping
for sale liquor and selling II contrary
TO the provisions OF the Volstesd act"
The arrests closely followed the
spectacular raids made at seven cafes
last Saturday afternoon by Philadel-
phis agents over the heads Of local
Officers. Chief ]. W. cTowly said the
evidence on which the arrests we're
made was obtained by his men before
last Saturdays raids. The cafe men
arrested were: -.,t,
Emmett J. Dugan. Jackson Cafe.
Virginia avenue and the beach. q.
Harry l.. Katz and Joseph Kstz Of
the Moulin Rouge and Cafe, lie Parts,
adjoining each other at New York
avenue and the beach. -.'l--.,g
Henry Martin OF the Cafe Martin.
George Sayes, of the Martinique
NoieI NehNuNhS dNtnhe ana tne OcdShs
Paul Rosecrans, OF the Princess
Cafe. South Carolina avenue. near the
Boardwalk ... ~
II. o. Smith. OF the Little Egg. Har-
Dor Cafe, and Ralph WeiIhof, of the
Paradise Inn, both on the north side
In some cases the accused learned
that warrants had been issued for
them and appeared voluntarily in the
Office OF the United States commits
sioner and accepted service. Bail wa =
fxed at 81 900 for each defendant and
Loomis set next Wednesday as the
date for a preliminary hearing.
The agents had a search warrant
for the Princess Hotel on Saturday
along with the others. but Crowly
explained that when his men attempt-
ed TO serve II they found that a
wrong description OF the location Uls
given. When they were refused a.
mittance the agents did not attempt
to force entrance.
prior to the raids I sent my men
around to the cafes enumerated in the
warrants" Crowly said. They bought
liquor in every place mentioned. On
the strength of these purchases have
issued the warrants"
When his attention was called to
the fact that some of the men arrest
ed were the managers and not tho
proprietors. Crowly replied: "We
probably will get the proprietors after
the hearing. as well as The walters
who served the liquor. However. that
will be determined later, as will also
what disposition is to be made of tho
seized goods"
Crowly refused to say whether ad-
ditional raids could be expected He
admitted. however, that he had 4
large force still in the city.
The Washington times., 1920-07-15
FARMERS TOO BUSY!

PURCELL, Okla, July illegal
affairs took a back seat" for grow
ing crops here the other day. Because
more than three-fourths OF the men
called for jury duty /were farmers.
Judge Johnson dismissed the panel,
with the statement that jury cases
could wait until after harvest.
The Washington times., 1920-07-15
RESUME WHEAT FUTUaeS.

CHICAGO. July i5.-lt was an
nouneed on the Board Of Trade yes
terday--that. commencing tomorrow
trading In wheat futures will be re
sumed. on the chicago. Milwaukee
Minneapolis, Duluth, ST. Louis kan
sas city, ana Toledo changes. o.
The Washington times., 1920-07-15
PARIS WANTS TRAFFIC
SYSTEM; OFFERS $1,000

PARIS, July 15.-The Paris police
department has offered a prize OF
60, 900 francs for the best system of
regulating traffic.
The return of the automobile fol-
lowing the war has brought such a
congestion to the Paris streets that
the old white wand, or "baguette,' is
considered out of date. Police officials
are inclined to adopt the semaphore
system in use in big cities in the
United States. but believe something
better may be found.
The Washington times., 1920-07-15
SEN. HARDING TO HEAR
SUFFRAGE DELEGATION

Senator Harding. Republican Presi-
dential. nominee, has agreed to grant
an interview to a delegation from
the womens National Party, accord.
ing to a telegram received at suf-
fragist headquarters here today.
The women will request that the
interview be set for the morning OF
the day on which he is notified of
his nomination.
The Washington times., 1920-07-15
WHAT POLICEMEN
ARE DOING

Private r. w. Collier. OF the
Ninth. precinct has lost his police
badge. 1t is numbered 273.
Detective Sergts. Kelly. Scrlv-
ener, and Keck went to Richmond
this afternoon to testify in the trial
of William Turner, charged with
staying.
Fred Cornwell. desk officer at
detective headquarters. is to be In
charge of the bureau tonight.
Private Earl A. skinner. OF the
Eighth precinct, has been on sick
leave for about a week. He is suf-
fering from a fall.
Mrs. Elizabeth Berry returned to
duty at the headquarters switch
board TODAY after short vaca-
tion spent at Solomon's Island.
Operator. Bateman has been given
a short leave OF absence. He is re-
lieved by Officer Mater. Of the rec
ords office.
The Washington times., 1920-07-15
WOMEN TO BE POLITE.

PRAGUE. Czecho-Slovakia- July 10.
Women deputies decided TO try to
introduce the practice of greater dig
nifty and politeness into parliamentary
discussions and have agreed not to
or comments.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-08-05

No thyroid. no starving teat as much a. you
you Become slender. 1.-the. vivaeious, In q pleas
ant and graceful way. Legions of persons both
sexes, report reduced weight by Korein system,
1t 70 reliable, popular, rational and Inexpensive