davidaulloa/AmericanStories huggingface dataset:
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1920-12-29
OLDEST POST
OFFICE IN
ORLEANS co.
Valuable Relic on Exhibition
In Probate Court Rooms
In Newport

What is considered the oldest post
4 Office in Orleans county if not in the
state is on exhibition in the Probate
/ Court rooms in the custody of Judge
Of Probate, Ephraim j, Smith, who
! kindly recountcd the history Of the
relic to representative Of the Cal
! cdcnian- Record today The post
Office was sent by MIS-. w. S. ingalls,
OF Greensboro.
1t is a wooden box, standing 20
inches in height and is IL inches in
/ width. The exterior of the box is
covered with various paper repro
1 auctions Of etchingS Of the prominent
national figure Of Revolutionary
times. On one side Of the box, there
is Il full length likeness Of Nicholas
/, Emperor Of Russia. On the top Of
box is an ctchinng of what was then
considered an ideal city, fitted with
omnibus trains drawn by horses, and
Morse telegraph poles, forming Il
background.
On the inside of the door which
swings open on hinges, and can be
fastened by a stout lock, there are
reproductions of the signatures of
the most prominent Americans Of
The times. At the very top of the IN
side Of this door is the bold name
Of John Hancock, and below it the
names OF the sioncrs of the Ecclara-
ton of independence
1t is evident that in the days when
this post Office was serving the public
he letters we're much smaller in size
than they are today, due to the cost
Of stamps for posting Il letter and
to the uncertainty Of travel The
pigeon holes in the diminutivc post
Office are 50 small that they will adj
nit nothing but a very marrow en-
vclopc
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1920-12-29
The ''LORAIN" CoolEs
While You Enjoy Yourself

MONT spend the hours be
IT, tween meals watching youi
cooking. You don't have 70.
Get a CLARK JEWEL Gas
Range equipped with the 10
RAIN" Oven Heat Regulator
This wonderful device watches
your cooking just as carefully as
if you were constantly there.
Put your whole meal in the over at
one time. Set the wheel a. the proper
temperature. Then you have the Alter
noon Of. When you cor { home your
meal will be done. And as delicious
as if you were right there ell the time.
We want you 10 see demonstration.
Come in. Then you will not be content
to cook single day longer in the old
time way. Also we want you TO have
Our valuable booklet, AN Easier Days
Work"
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1920-12-29

What finer thing can you do chan
with the Hyde Park Bank by making
present of $100, $1,000 or larger sun
the name of yourself or better still |
your son or daughter, wife or husband,
Year by becoming a banker.
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1920-12-29
Liberal Offerinu.

one Sunday while at church, there
was Il special speaker, and the preach
or asked for liberal silver collection.
As The plate was being passed |
grabbed for 4 dime. the only piece OF
money Thought / had | pulled out
n penny and deposited it in the plate.
Ii was u0l until the gentleman next
to me smiled that noticed my error.
Chicago Tribune.
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1920-12-29
Newport Business Directory
HEMSTITCHING

Latest styles, buttons made to ord
err. Mail orders filled promptly.
Misses Trudeau d. Wheeler
al 1-2 Main Street Tel. 1872
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1920-12-29

WANTED Experienced waitress.
Apply Hotel Raymond, Newport, Vt
1876
LOST-Friday evening, pair blue felt
5lipDcrs, Mrs. Harold Lewis, 40 PlCa
SAINT St., Newport. 1jG-157
New-York tribune., 1920-02-07
London Considers
Check on Speculation

LONDON, Feb. e.-The movement
Of foreign exchange to-day was gen
orally more favorable, under the lead
of the advance in exchange on New
York to $335. Paris and Brussels ex-
change eased to 48 francs 45 centimes
and al francs 80 centimes, respectively
The movement was based on the grow
ing belief that combined action would
be taken. shortly to deal with the ex-
change problem.
Several plans for such action have
been suggested in financial circles.
The one most favored, the plan be-
lieved to have been discussed at the
recent governmental conference, is for
the government banks of the world to
form a central committee, sitting per-
msnently in London, with representa-
tives of each bank as members.
1t is pointed out that this plan
would be likely to meet with "a great
deal of opposition because the banks
here are deriving profits from the
speculative operations of exchange
dealers, which have been on an enor-
NOUS scale recently and are largely re-
sponsible for the present wild f1uctua-
lions Az such dealings are not pos
sible without financial aid. it ia con-
sidered some action will have to be
taken to check speculative business,
similar to the restrictions imposed
during the war.
New-York tribune., 1920-02-07
Railroad Bonds
Sold Heavily by
Foreign Holders
Big Blocks Are Placed on
the Local Market; High
Premium on Dol lar
Makes Sales Profitable

Taking advantage Of the huge
quoted, foreign holders of American
RAILROAD securities were heavy sellers
Of bonds in this market yesterday. Of
ferings for foreign account we're par
ticularly large in Denver & Rio
Grande refunding 5s. One block Of
100000 of these bonds went at 40ha,
seller 30." which gives the seller
thirty days in which to make delivery
on this side of the water. Another
block of $8O0000 of the same issue
was made moment later at 40, "sel-
Ter 30"
A similar transaction was recorded
in Rock Island. Arkansas & Louisiana
4As, $685. changing hands, "seller
90" A small lot of Baltimore &
Ohio convertible AVS was also sold
with the privilege of delivery within
thirty days.
BY selling securities in this market
with the foreign exchanges at pres
ent abnormally low levels. foreign in
Vestors are able to make a profit de-
spite the fact that railroad bonds are
far below the primes at which they
Much heavier selling would be sure TO
follow the great fall in the exchanges
were it not for the fact that foreign
holdings of American securities were
enormously reduced during the war.
The sale of the securities will have
the same effect on exchange rates as
the shipment of goods from Europe to
this country would. in cutting down
Americas favorable balance of trade
Exchange rates on London, Antwerp,
Paris. and Rome, moved upward yes
terday, and the wide swings in quota
tions indicated, according to bankers,
considerable speculative activity. Ster-
ling closed at 1882, compared with
$3.28 the day before. Earlier in the
days trading sterling had been as
nigh as S3.40A, and then receded to
1929, after which it rallied again.
The other Allied exchanges showed
similar improvement for the day.
New-York tribune., 1920-02-07
Short Covering
Puts Up Prices
In Wild Market
Violent Fluctuations Re-
corded as Market Drops
and Then Rallies; Call
Money Down to 1919

Fluctuation of amazing violence,
ending with q sharp rally that put
the prices Of many standard specula-
tive issues substantially above Thurs
days closing quotations, marked the
fourth day Of liquidation in the stock
market At times the downward move
ment of prices reached q condition
bordering un utter Generalization.
with losses of q point or more between
sales OF the favorite trading stocks
frequent; and when the market turned
upward the advances were quite as
sensational az the declines had been.
The movement of General Motors fur
nlshes, on an exaggerated scale, an
illustration Of the character of the
whole market. This stock, from high
of 2S2, slumped with rapidity reminis-
decline of "a points, and then ad-
vanced with equal rapidity to 271. At
the close the price was 267h at
loss Of IN points.
The highly uncertain money situa-
tion exerted the preponderating influ
ence on speculative transactions. Call
loans were renewed at II per cent,
and practically all the demand was
satisfied at that figure, brokers ap-
parently fearing that rates would jump
again in the afternoon. In this they
pursuance of their plan to stabilize
the market as much as they consistent
ly can, offered money freely in the
afternoon. There was little call for
it, with the result that the price for
demand money dropped to 10 per cent.
at whic., rate it closed. This had q
decidedly stimulating effect on tho
market. Many of those who had sold
short, seeing in easing money rates
the possibility of rally, Immediately
began to cover. The demand from
this source was SO urgent that prices
bounded swiftly upward. 1t was re-
ported on the floor Of the exchange
that one house which had sold heavily
during the last two days covered close
to 100000 shares yesterday. 1t was
apparent that operations Of this sort
provided the chief source Of support,
although there was some professional
buying for the rally.
Interest again centered largely on
United States Steel common. The
bears attacked this stock time after
time in the effort to use it as lever
to break the whole market. They
brought out considerable liquidation,
and for time 1t seemed that their
efforts would be crowned with sue
cess. But they failed to reach stop
loss orders in large volume even when
Steel got below 98. On the contrary,
such strong support was in evidence
at this point that the bears abandoned
the raiding tactics for the time being
and began to cover. The price
promptly shot above par, with most Of
the active issues following. The heavy
short covering probably weakened the
markets position, however.
The downward tendency of Liberty
bonds was checked yesterday and
slight recoveries took place.
New-York tribune., 1920-02-07
Professional Opinion

A cross-section Of professional bro
kerage house. opinion at the moment Is
Indicative of somewhat better feeling
The Street is still bearish, it is true,
but not nearly SO bearish as on Thurs
day. There is a feeling that the fall
in stock prices this week has gone a
long ways toward discounting any bust
ness depression that may be in the
offing. "Men with money to invest can
find many good opportunities now in
the security Market" said F. B. Keech
& Co. yesterday. "While foreign ex-
changes may continue to be demoraI-
lzed for a few weeks" said W. J..
Hensley, of E. w. Wagner & Co., land
our money rates may continue high for
like period, it is my belief that our
security markets are not far from the
turning point" Robert S. Winsmore.
Of Billings, Olcott & Winsmore, said:
1T looks as if we had seen the worst
OF the crisis in the sterling market.
The credit situation is admittedly
badly deranged, and until 1t is stabil-
Ized stock market sentiment will not
be hopefully inclined" C. /. Hudson
& GO. said: I'VE suggest not making
needless sacrifices of rails, steels, cop
pers and the like, particularly after
the severe declines we have had"
Harris, Winthrop e. Co. expressed the
OPINION that stocks are lodged in
stronger hands" Clark, Childs & Co..
sald: 1t ls out of the question to ex-
pect any important constructive OPERA
ions IN securities to be financed with
oemano loans at current rates."
New-York tribune., 1920-02-07
Buenos Ayres Candles
In Foreign EXCHANGE

BUENOS AYRES, Feb. 5.-There is a
heavy speculation in international ex-
change in Buenos Ayres, the brokers
virtually having formed curb mar
ket where the turnover amounts to
millions daily. Intense excitement is
manifested over the receipt of the
daily exchange rates from New York
rhis wac especially true during the
recent rapid changes. Owing to the
brokers have received news of tho
changes before their competitors, Civ
ing them an immense advantage.
Meantime, the wealth Of Argentina
is growing by great leaps, as is evil
denced by estimates of Argentina's ex-
ports for January as 90,000,00O Gold
pesos, as against IMPORTS of 30,000,000
pesos, enhancing the nations already
Favorable trade balance and maintain
ing the high value of the Argentine
gold pesos in International exchange.
According to financial observers, the
severe depreciation Of European money
10 tending to restrict expectation to
europe, but the interchange Of busi-
able because, while the Argentine gold
peso 10 At q premium Of 2h per cent
over the American dollar, this DIFF
ference is relatively small compared
with that Of the pound. franc and Ira.
No surprise has been caused by dis
pstchss from the United States say
ing that an unusually large sum in
gold is being shipped to South America,
mostly to Argentina, In view Of the
sxportation Of Argentine
rroa-css TO TIE United States. Ac-
- estimates by representatives
hare Of American banks, this shipment
incre.s.s the amonat OF gold Argentina
has reccived from North America since
January i. 1918, 10 $4,000, 900.
New-York tribune., 1920-02-07
In Wall Street
Mr.. Dawson Puzzles Street

What did Henry P. Dawson have in
mind when he told newspaper men II
am sure history will be made during
my absence" as he sailed for Europe
Thursday on the Mauretania?, Wall
Street got all "het" up over 1t yester-
day. All day long commission houses
buzzed with the discussions Of traders
trying to figure out what the banker
meant to convey. In the stock market
some traders sold stocks because they
thought they discerned in Mr.. Davl-
sons brief remark a velied suggestion
of danger ahead, of something awful
that was going to happen to the coun-
try and business. Other traders were
equally certain that the Morgan part
ner had in mind certain impending de-
velopments of an extremely bullish
nature and argued along this line until
they convinced themselves it would be
worth while to take on line Of long
stock
New-York tribune., 1920-02-07
What Really Happened

Wall Street went home last night
after a wild day on Change still
puzzling over the farewell remarks OF
the departing banker. 1t will be in
terested to know that the words were
put in the mouth of Mr.. Dawson by
an enterprising news gatherer, ac-
cording to the version Of some Of the
ship news men who saw the banker as
he was leaving port. 1t happened
something like this: Mr. Dawson, who
is always more or less averse to being
interviewed, was finally cornered by
the reporters, who began firing ques-
tions at him. The attempt to get an
interview on the international credit
situation did not bear fruit, and so at
last in desperation one of the report
ers said: 81 suppose, Mr.. Dawson,
that history will be made during your
absence" II suppose So" replied the
banker, and the "interview" was over.
New-York tribune., 1920-02-07
Curb Stocks Up
AS sTraders Cover
Oil Issues Lead
Rebound Follows Lifting Of
Heavy Selling Pressure;
General Motors, s'When
Issued,'' Strong Feature

Sharp recoveries were registered a
the Curb yesterday, prices moving y,
vigorously in a rebound from the Low,
estimated on Thursday, but the gains
were not held in their entirety. On
the whole, however, the movement ei
prices was indicative Of better feel.
ing on the part of the holders of se-
have been heavy sellers on the Do
cline and have been an important
factor in depressing values covered 4
portion of their short commitments.
Many of the oils which were 30 vsry
weak on Thursday developed pre.
nounced strength, notably Carib Syn
dicate, Simms Petroleum, Houston Oil,
Gilliland, International Petroleum and
White Oil. Houston Oil advanced II
points from the close Of THURSDAY,
getting up to 1O5 at the high Of ths
day. Later it reacted somewhat, clos
ing at 98 1t was reported on the Curb
that some Of the selling in Houston
earlier in the week was for the ae-
count Of a large holder who had been
compelled to unload. The buying OF
International Petroleum was described
as of good quality. Simms rallied
Wnen w. -. daIQcaSIle, Vlce-PrestQent
announced in wire from Shreveport
that the company has brought In new
well in the Homer field gauged at H..
900 barrels a day.
The general recovery carried Gen.
eral Asphalt to 100 from an early low
Of 81, and it closed at 971s. The
present price of this stock compares
with a quotation of better than 16o
last year when the boom was on. Cen
eral Motors when issued acted we'll de-
spite the drop to 25S by the old stock
on the exchange. The new stock de-
clined to %. but rallied to 81 in tho
afternoon, and closed at 80.
New-York tribune., 1920-02-07
A Late Opening

Financial district routine was COM
rletely upset by the storm. The ef-
fects were felt in many ways. The
Stock Exchange, for example, was com
PEELED to delay its regular opening a
half hour owing to the failure of mem
oers to show up at the usual time. and
1T was 1880 when the gong sounded
for starting the trading. This is the
second time the opening has been de-
layed within two months, there being
late opening in December one dav
when the city transit lines were tenn
porarlly tied up by powerhouse trouble.
the big board yesterday and DELAYED
its opening half an hour. Many houses
in the district continued to report wire
troubles Firms with wires to the
West found it slow work getting orders
through from branch Offices.
New-York tribune., 1920-02-07
Midvale Stock Subscription

A preliminary report Of the stock sub
scription of officers and employees Of
the Midvale Steel and Ordnance Com
pany and subsidiary companies shows
ISIS employees subscribed for 14.O4S
shares at $50 a share. The total
amount of the stock taken by the EN-.
ployees is $7Q2,300. Under the
arrangement the employees are per
mitted to make payment for subscrr;n
tions in monthly installmeAts to he
deducted from the salaries Of snh7
scribers. The first deduction ia mad.
this month. Payment for the stool,
must be completed In a year.
New-York tribune., 1920-02-07
The Dollar in Foreign Exchange

Sterling and the other Allied ex-
changes again showed signs of firmness
yesterday, and the pound at the close
of trading was quoted at $3.3375, COM
pared with 1928 for demand sterling
this previous day. At one time yester-
day the British currency was quoted
as high as $S.40A, and then it fell back
to 1929. Dealers attributed the swings
to speculative activity. Selling Of
American railroad securities by for
eign holders was particularly heavy
yesterday, having the effect of creating
dollar exchange.
Yesterdays rates, compared with
those of week ago, follow:
tQuoted dollars to the poundl
New-York tribune., 1920-02-07
Week's de-
Guaranty Tr1,st Co
American Beet Sugar

Unofficial estimates based on knou,n
production and Tx cent sugar mt ;n-
dlcated net earnings of the American
Beet Sugar Company, after taxes and
preferred dividend charges. at approxi-
mate y $2.0500OO for the fiscal wear
ended March 81 next This figures ont
about S14 a share on the common stock
against Sc earned last year. Rect
Sugar. stock at its low of so Yesterday
was down 16b points from the high
price Of the year. e-'
New-York tribune., 1920-02-07
Joins Federal Reserve Svste,r

The Marine Trust Company or
Buffalo, the largest state bank out
side of the Federal Reserve system
yesterday became member bank Of
the Federal Reserve Bank of the Second
Federal Reserve District. Walter d
Cooke. who was leader in the nm
state Liberty Loan campaigns, was
recently made chairman Of the board
Of directors Of the company, the re-
sou sources Of which are close to 500
The Bank Of Coney Island also Joined
New-York tribune., 1920-02-07
Rubbing It In

6. Inc Federal Reserve board, the
dispatches from Washington printed
on the tickers, is pleased with the
results of its recent increase in d;s-
count rates, in its effect on specula-
tion, and is determined that further
increases in discount rates VII be
authorized if necessary. The opinion
is held in many quarters that things
are moving SO rapidly that further
restrictive measures on loan expansion
wlll be unnecessary. 1t is learned in
banking circles that the Federal Re.
serve authorities are being kept closely
informed Of conditions in the wall
Street money market by reports that
are going forward to Washington
daily. N1A
New-York tribune., 1920-02-07
Bank. Stocks or

W.; ;AaIItnough Al the banks are being charged
Win prohteerlng in the speculative by
to Is per cent for call money Rank
stocks have not benefited by the high
money rates. On the contrary. the
current decline in stock market values
mas Knocked anywhere from S to 20
points off the quotations for bank
stocks. Prices of the stocks Of some
OF the ne leading institutions were quoted
New-York tribune., 1920-02-07
Liverpool Cotton Stat;st;cs

LIVERPOOL, Feb. 6.-Weekly cot
ton statistics; imports 2os,00O bales;
American, $4,000; stock, 1867. 900:
American, $4,000; forwarded, $1,000:
American, $4,000; exports, 1000; sales.
$4,000; American, $4,000.
New-York tribune., 1920-02-07
Dividends
Regular Declarations
Stocks Ex Dividend

Feb 10 Am-La France Fire Engine
reo Associated Dry Goods 1st of b.. I
rep do I'd pf. !
Feb ! Buffalo. Roch & Pitts Ry ...
90 pr .................. .... 3
r :, 60 ~ Cleve & Pitts r guaranteed
rep do special guaranteed /
ia 1an 81 Corn EXcange Bank . &
re, go 10 International Harvester pf 80
Feo JEFF 4 Clearf1eld G & of
rep ren ~ philadelphia Co per cent pf l
rep 10 Pressed Steel Car pf.....
rep Twin City Rapid Transit ....
req ~ Woolworth F W,
New-York tribune., 1920-02-07
London Money Marker

LONDON, Feb. 6.-Bar gold, 123s Cd.
Money, 3A per cent Discount rates.
snort and three months bills. 59s to
. LIS per cent. Gold premiums at
Lisbon, $4,000.
New-York tribune., 1920-02-07
Bid and Asked

laura, ~ Bid. Asked.
'e"ei '' " ,.'l lea pr iO}a Al
naysar J .llO l20
nciiy Spf pr SO 100
Hcis% A WI Or 96A 81 ~
Neck & d NJ. 2js )
hress & Co. so ~
do pr 100
Laclede Gas. 3S "a
l. + Il w Or l5i. -
L-W b lst pr 9s aau
do ID pr. liz 1S9 1SS1
Eor1! Hard pr. .lO6 l0S
Mackay Cos. 62 -SS SS,1
90 pr ..... So 6.is
,ianati Sug pr 95 l0l &"
Manhat Beach / 'V1 81.
Manhat FL. -. s9A 40 "a
Martin Parry. a5 ~
Max NJ lst pr -
May Dept st. lis 80
90 pr .....l05n 10Y
Mex Pet pr. a5 l05
Mich Central. 50
Mont Pow pr % 100
Norris & rs. 70A ia
Mullins BY pr 81 ~
Nash & Chat. .l04 ll3
Nat Bis pr. .ll2 ia
IN Z & 8 pr. 100 loS
NRRM lst pr - ia
do I'd pr. Z SA
NYC&SL LIST. 81 70.
do I'd pr: 43 ~
n Y l. & " IS
Norf & w pr 87M 71la
North Am -. 81 q
Pacific Coast. . 25 90
do I'd pr. .. As 60
Pacific Devel. 10 ~
z Am Pc. pr.l75 200
Pere Mar pr AZ SO
Petit Null. >. 81 Ak
Z + W q C.122h lSl .
t,ltts Steel pr SO 81
Pr st Car pr.lO2h l06
P s c n J.. 65 "a
Ry st Spr pr. 1OS% l07
iseading lat pr 34is IS
Rem Type pr 9Sh 400
| DO lSt pr. 81 oON
s. L & s F pr PAX 26is
Is l. Sw pr. 20 %
Sears Roe pr.llO l18
Is r Sugar.2lO 225
do pr .....l05 II5
Standard Alillll5 $50
30 pr .... SO 50
Sup Steel pr. 100 los
Ttdewator Oil..lsO 2l0
FOB Prod pr aSsa 100
ISL & W cts 8 II
! do pr cres.. IS 20
I c Z T pr 95
Underwood TIL III
Tn B & P. sS 90
I'm Cigar St. 1850 2o4
do pr .....ll3 lao
Q Drug I'd w.l3O
Va I G & Csl IS
Vulcan Dettn. "a "a
do pr 80. IS 93
Wabash pr B. l4A I8
ives Md I'd pr i8 Is
IWWt bff LIST pr 81 70
New-York tribune., 1920-02-07
Money and Credit

The stock market money situation
became slightly easier yesterday and
the call rate, which opened at II per
cent, dropped to 10 per cent at the
close of the day. Brokers said that
there was substantial falling off in
the demand. There was no change,
sRowever, in time money rates, indi-
eating that the ease in the call rate
was only temporary.
| Government Withdrawals, which were
an important factor in bringing about
this weeks stringency in the Wall
Street money market, are understood
lc have been practically completed, at
least for time. 1t Is estimated that
about S12O,000,000 has been withdrawn
| the last few days from local banking
institutions out of $141, 100000 on de-
post week ago. What is left consti-
lutes the minimum requirements of
the Treasury, which has to keep GER
cain amount Of funds out in national
bank deptsitaries and for government
disbursements. Throughout the coun-
try there is now only about $300,000,-
600 of government funds or deposit
N the banks, compared with $700,OO0,-
600 at the beginning Of the year, and
ST 100000, 900 year ago.
The ruling rates for money yester-
day, compared with year ago, were
| as follows: