davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-05-15
Tidewater Oil Shows Gain
In Business for Quarter

Total business done by the Tidewater
Oil Company in the first three months
of 1920, according to the quarterly re-
port issued yesterday, amounted to s14,-
2So,S21, compared with s9,73l ,699 for
the corresponding period last year The
net income after deducting $9,114.952
for operating expenses, including other
income Of $59.4SS, writing off $991,415
for depreciation and depletons, and de-
ducting s667,7S0 for Federal income and
excess profits taxes was $3,566,16l, an
increase Of 81 ,0S5.293
The surplus for the quarter was
equivalent to $10.77 a share on the $33,-
iSS,33S capital stock, or at an annual
rate of $40 share Current assets on
March 81 were given as $23,437,650.
with current liabilities of
SlO,321 .Q49.
New-York tribune., 1920-05-15
Japanese Trade Improves
First Hopeful Turn in Tide of
InfsvoraEIe Balance Shown

WASHINGTON. May 14-Although
'span continued to pile up an unfavor-
able trade balance in April, the excess
Of imports over exports declined for
the first time this year. the Depart
m,ent Of Commerce was advised to-day
b. its Toxic representative.
Exports for the month amounted to
Sl2l 500, 900 and imports to S160.OOO.-
600, an excess Of the latter over the
ormer Of $50 100000, asy compared
with SCI GOO 900 last month. The re-
port aid the figures showed the "first
nopctul turn in the tide of Japan's
over increasing unfavorable balance
of trade
Total japanese exports for the first
four months of the year were $780,
Po0'O00 against imports of 1854 900 900.
an unfayorahlc trade balance for the
period Of S204o00, 900.
The dispatch said the reopenins
Monday of tho Toxic Stock Exchange
md brought no threat of further fnan-
a difficulties. The governments
No!dings of gold were reported at
80 600 600
New-York tribune., 1920-05-15
Commodities
Cotton

The market was irregular yesterday wf'
2 SH-f i!r' volume Ot business. Ihe &C.
.iictlng influences which have rscen
been so fully discussed seemed to be etr
more evenly balanced and much ~ ~
daY's trading was supposed 70 reprss+
the evening up or reduction of old a
'pGNl 5 f'iQ.i'rcts Tor better weather
the Eastern belt caused considerable $.
ing during thc middle of the day. b.
losses Were mostly recovered and Jp
sold a bove Thursday nights closing figur'
in the late trading October broke fro'
36. oS 10 So. 50 and closed a. 26ss compsr re
the. general lis, closed steady net pon
n ghor To 10 points lower
re opening Was Influenced by .a@l.
ca oles and rcports that second hands ~
Shading oric's for cotton goods Fir
pri,es r. points lower 10 pom
higher, with active positions selling "a 10
points beiaW Thursday nights closing figurs
right after the call. The census repc'
.AoN ." - domestic lil cousumple
Tor April than some had expected. hos
that the short time in New England r'
j ierr.d oulJ 10 silk mills Active monta
sold about to - points net higher 90
{ he bug. bpi selling vas nor act.
forecast for clear weather. and the earl
q noon y. .taA ce.li.- l..' To-
points net lower. TINS was checked h
covering for oyer h. week end and I,
rally later was stimulated by the detail
weather reports showing general rains
So Nersl Eastern belt districts and con
plants that night temperatures were IL
low for termination.
The domestic min consumption Of 90 T.
e59 bales for April ran considera bly, of1
private forecasts and compared with a.
) . bales last year For the nine monih
OF the season domestic consumption. o.
Guiding lfnters, has amounted TO sos g.
bt!ts. coil4pal.,d with 425a.3st last g. CO.
ana "Aports nave aggr gated 5.7s0.is
balN. against 4,0oo,13l last year. Souths-
spot n.er-s"ts a. official. reported wt
all unchanged. with d comparatively sms
business. Mlddilng quotations run frv'
40 20 at New Orleans to - 90 at Galvestp
and Little Rock. but range from 80 80 I
Al: 90 IN most of the Southern markets
The local market for spot cotton W
quiet and IS points lower at 4Ll5 fo
middllng upland. No sales We're report
Southern spot Markets Galveston quie
unchanged AT 42c; sales PA bales ~
orleans steady. unchanged at 80 -'
sales s45 bales. Mobile quiet. nnchsnS
at 40. soc. sales l3 bales savsntst
steady, unchanged at 415Oc. sales
bales. Charleston steady. unchsuged
4o.oOc; sa les nil. Norfolk quiet. uncheu-
at 40.oOc: sales 5ls bales. Ausu-'
steady, unchanged at $3.50. sales i''
bales. Memphis steady, unchanged
sc; sales 80 bales. St Louis st.sa
unchanged at 4l.50c sales nil Housto
bales. Little Rock steady, unchanged 8
42c: sales 24S' bales. Dallas steady. u.
changed at 4o.s5c. sales 447 bales. Fo'
orth steady, unchanged al 4o.50c. sa1'
100 bales
The range of prices follows:
New-York tribune., 1920-05-15
Royal Dutch and Shell

New York interests who have made
1t point to secure authentic informa
Ton concerning the plans of the Royal
Dutch and Shell Transport and Trad
ing companies for Offering new stock
with attractive subscription privileges
state that the Royal Dutch management
Is planning to increase the dividend
rate from 40 to DO per cent on the
guilder shares. Under the reported
proposal Of Offering one share of new
stock at par for two of old, the rights
on the New York stock are worth be-
tween $50 and s35 a share. The present
dividend rate on the Shell Company's
stock is equivalent to $3.50 share on
the American shares, or 35 per cent on
the British stock. Subscription rights
under the Shell stock offering plan are
worth about S23 a share.
New-York tribune., 1920-05-15
More London Cold Expected
Baldwin's Polish Order

Washington dispatches to the fnan-
cial district said that the Polish gov
ernment had closed a contract with the
Baldwin Locomotive Works for S6,00O.-
600 worth of locomotives, passenger
and freight cars. At the company's
offices in Philadelphia it was stated
that no new orders from Poland had
been received and that the one men
toned in the Washington dispatches
probably referred to the Polish order
closed last year. This order called
for $50 engines, all Of which have been
built, and was valued at approximately
$1,000 900. Payment was made in Polish
government bonds. President Vauclain
of the Baldwin company visited Poland
during his recent European trip. He
is expected back in Philadelphia next
Monday or Tuesday.
New-York tribune., 1920-05-15
Money and Credit

Call money renewed yesterday at
per cent, advanced later to 10 per cent
and closed at 10 per cent. This was the
first time in several days that the ten
dency had been downward at the close
and in the opinion of bankers, indicated
that the strain of the past week occa-
stoned by government Withdrawals, may
be past for few days at least There
was no change in the time money situa-
tion and offerings were few
Yester- Year
Call money: day. ago.
On mixed collateral s 6
On industl collateral 8 6la
Time money (mixed collateraD:
Sixty days .... Sms1s $40
Ninety days .,...... $685. 5aA as
Four months . 8OS1a 50 0DS
Four to six months -. S0Sa 5$4 @6
Bank Clearings-Bank clearings in
New York yesterday we're:
Exchanges. Balances.
New York. ... 34,874,649 83,766.5 $40
SiIver-London, 58hd; New York,
99%c. Mexican dollars, 76Ac.
Sub-Treasury-United States Federal
Reserve credit balance, $74,145,756.
Canadian Exchange York
funds in Montreal, S11125 premium per
$1,000, Montreal funds in New York.
$lo0.62 discount per $1,000
New-York tribune., 1920-05-15
The Decline in Silver

The declining tendency of the silver
market yesterday carried the quota
tlon for the metal below 81 an ounce
The official New York rate slipped
down to 991a cents, but this quotation
was really nominal, and silver offered
over the counter brought as much as
cents more than the official rate.
which is merely a reflex of the Lon
don quotation. including the difference
N exchange. Although the government
has announced that it purposes to buv
silver in the open market under the
terms of the Pittman act, it is under
stood that its purchases will be spread
over long period and will not be per
mitted to peg the market.
New-York tribune., 1920-05-15
Reduction in Planting
of Potatoes and Beans

WASHINGTON, May IA per
cent reduction in the acreage planted
to potatoes and 20 per cent falling
off in areas devoted to beans were in
dicated for this season In reports lust
received by the United States Bureau
OF Markets from its field agents.
High prices for potato seed and the
shortage of farm labor were given as
the principal reasons for the reduc-
tlon in potato planting, while the un-
satisfactory market for beans caused a
smaller acreage planted to that cron
New-York tribune., 1920-05-15
Higher Acceptance Rate Expected

Because of their tax privileges, the
new Treasury certificates of indebted
ness, which pay 51a per cent interest,
are mighty close to the point where
they VII be on a competing basis with
bankers acceptances, which sell on ap-
proXimately s per cent basis for
ninety day paper of member banks.
Acceptance dealers, however, are not
worried about the competition of the
certificates, which they assert are more
difficult to dispose of in case the
holder must Immediately liquidate. The
lack of an open market in certificates.
III the opinion of some bill brokers,
gives acceptances an advantage. How
ever, the demand for acceptances is
now relatively small and dealers pre-
dict an increase of rates within a fort
night
New-York tribune., 1920-05-15
u. 5. Pays Interest To-day
Will Hand Out S3O,OOO,OOO for
Liberty Loan COupons
liars to the pound J

The Treasury will pay out about
sS0,oo0,O00 to-day in interest due on
Second Liberty Loan bonds. Originally
$3.50 500 of I'd 4s were sold in this
district. but this total has been altered
by conversions and purchases by the
Treasury. Bondholders are urged to
cash their coupons Immediately to pre
clude the loss of interest on their
money: and the Treasury suggests the
funds be placed in government savings
stamps.
New-York tribune., 1920-05-15
Merritt Oil Earnings

Net earnings of the Merritt Oil Cor
poration for 1919 were 81 ,4S5,355, prior
to deductions for depletion, deprecia-
ton and Federal taxes, according to the
annual report issued yesterday Pro-
duction last year. including the COM
pany,s half interest in production COM
ing from leases operated Jointly with
the Ohio Oil Company, totaled s1.674.-
759 barrels, daily average Of $500
barrels.
New-York tribune., 1920-05-15
A Liouidated Market

W. j. Wollman & Co.. in discussing
the stock market position yesterday,
said: The strongest feature of the
market at present is its liquidated con-
dition. Securities have been debated
if not overdeAated. Loans have been
tremendously cur,ailed. When the
rest Of the country starts to do it's
part. as it must if we are to return to
normal conditions, the security mar
ko.s will be in a position to respond
quickly to the influence of ease in the
credit situation resulting from COM
mcrcial liquidation"
New-York tribune., 1920-05-15

T-ELL L1NIN n IIIDN SNTF
STOCKS AND BONDS
BY ADRIAN ". MULLER & son
OFFICE. SO WILLIAM STREET
WEDNESDAY. WAY 18th 1oon

at : 0p CLOCK. al the
EXCHANGE SALESROON
NOS. IA AND is NESEY STREET
For Account OF Administrator,
900 shs. Jacob Doll & Sons.
AZ shs. Jacob Doll & Sons Holdli
Corpn
, For Account Of Whom 1t May Concern
100000 Oiy,npian Motors Co r. BG
500 900 0iympisn I@St Motors Co. e, Sd
$3.50 I. $ ID Liberty Loan A.. Rd
$500 [. :. 81 Liberty Loan =. q, ~
$4,000 |. ). 4th Liberty Loan a.. ., IA
$3.50 Atlantic Mutual Insurance d
Scrip of 1918
SI110 Atlantic Mutual Insuranra e
Scrip of 1919
800 shs- Union Apple 60. Of Virgin
500 shs Central OH DEVELOPMENT ,
20 shs. B. p Clapp Ammonia +
shs. RUNS Country club
20 shs. Second United Cities Re-,
Corpn. prefd.-Series r class A
i2o 0oo Mexican Government External /
Cold Bds. Of 1899. July. l9i
Coups
So, 600 Missouri Pacific Ry Coll. Trust .
1875 German CTS Of Dep.
80 shs a. f. Mclean TO. ltd.
- shs Beech Grove Black Silver F
Co. Ltd.
lo1a shs. Pure Canadian Silver Bla.
F'JX Co. Ltd
= shs- s Willow HIN Silver Black A.
90 shs. Baltimore & ohio F. r 60.
mon.
New-York tribune., 1920-05-15
MacAndrews & Forbes Co.
Earnings Show Dron. for Year

Net earnings. after charges and
Federal taxes, of the MacAndrews &
Forbes Company for 1919 were $1,422.-
fa5. equivalents after preferred divi-
lends TO $25.07 share (s100 par value)
oarned on the 1000, 900 common stock,
as compared with net earnings of ST.
!36,906, OF $26,69 share. on the $4,000,
aAo common stock in the preceding
..aar
New-York tribune., 1920-05-15
Paris Market Steady

PARIS, May 14,-Prices were steady
on the Bourse to-day. Three per cent
rentes, So francs. Exchange on London.
oS francs 80 centimes Five per cent
loan, 81 francs 65 centimes. The dollar
was quoted at 10 francs 26l5 centimes
New-York tribune., 1920-05-15

per;ence when they try to ship the
products to market William H. Woo
IN, pres.d dent of the American Car ii
FOUNDRY Company. recently estimat
that the railroads would need over so
600 new freight cars within the ne
i've wears.
New-York tribune., 1920-05-15
The Railroad Freight Tie-Up

Officials of leading industrial COM
panies, who admit that there has been
a slowing up of their business because
Of the lack of railroad equipment and
the congestion in important centers
believe that this situation will be even
worse in the fall when the crop moving
season begins. 1t is realized that
equipment now ordered will not be
ready for use by the end of the sum
mer, and the farmers will face one Of
the most serious situations in their eX-
New-York tribune., 1920-05-15
London Money Marker

LONDON, May 14.-Bar silver, 5s1ad
per ounce. Bar gold, 1oS; money, 50
per cent; discount rates--Short and
three months bills, 81 per cent; gold
premiums at Lisbon, 10000.
New-York tribune., 1920-05-15
The Dollar in Foreign Exchange

Quotations in the foreign exchange
market yesterday huctuated within ex-
tremely narrow limits. Marks contin-
ued to rise, but then reacted at the
close of the day.
Yesterdays closing rates, compared
with those of a week ago, follow:
y (Quoted dollars To tha rou.la
New-York tribune., 1920-05-15
Cereals
xxh.a, u-h-

Whcat.-Whest was strong. owing 20
pers here said that practically eVerYtn I'd
10 Europe overnight had beNn BcrrP>
and that the volume OF business was jan
Cd only by the ability of shipn'rs 10 ni'
offers. European countries arc a3''ar"h'
very spprehonsiVe over the cunasfoH
future supplies and orders are os'l
Ceetinvsd page sixtssn
New-York tribune., 1920-05-15
Dividends
Extras

solar Refining Company-An extra divi-
dend of S6 a share has been declared in ad
dition to the regular semi annual dividend
OF 50 share, both payable June 20 to
stockholders of record May 81
American Colonial Bank of Porto Rico
An extra dividend Of s per cent has heen
declared in addition to the regular semi
annual dividend of ) per cent a share. both
May a.
New-York tribune., 1920-05-15
ange of prices follows:
Cotton Statistic.
Liverpool Gables

spot cotton quiet at II points dcchH
middHnS 2540d sales 5000 Nmcrie
5000; imports l400n: An rican "'
Futures opened quiet a 15 to =, poia
decline. Closed quiet At q decline Vf
70 "a points. May 1901. July es.yo 'H
23.75; Dec. 1904: Jan. 22.s SO Manchs et'
Yarns in buyers favor. Cloths dnil q
New-York tribune., 1920-05-15
I'm Wall Street
Tax Exempt Operations

Although no confirmation can be OBJ
tanned in official quarters, the rumor
persists that the State of New York
will soon be in the market for funds
through the fotation Of bond issue
of $50,000,0 900. Investment bankers ex-
press the view that the state would
have to pay about per cent to in
vestors to attract funds in the present
they are some bankers feel that the
City of New York would have to pay
between and 5A per cent to sell
bonds. 1t was reported that the city
would be in the market, but this was
emphatically denied at the City Comp
troller's office. Bankers, in comment
ing on the market for tax exempt secu
rites, are Of the opfnfon that it would
be unwise for either the state or the
city government to issue longtime
obligations at prevailing rates for
money, but recommend instead one,
two and three year obligations. At
securities seems to be ebbing, and the
rate is tending toward 51s per cent.
Anaconda Seeking Oil
The Street saw possibilities of the
Anaconda Copper Company entering
the oil business on an extensive scale
following the announcement yesterday
that representatives Of John D. Ryan
and c. F. Kelley, respectively chair
man Of the board and president, have
taken options on something like H.
600 acres Of land in the Cat Greek oil
fields Of Montana. Interest in the
announcement dwindled conside rably.
however, when it was learned that the
company's oil activities thus far are
limited to investigations of the acre
age in question by geologists. 1t is
a known fact, however, that oil dis
covered in the Montana field thus far
has shown high gasoline content
Should the representatives of the Ana
conda interests find that the prospects
for finding oil on the acreage under
lease are good il is understood ths'
dkilling operations will be started
More London Gold Expected
Regarding the csbled report from
London that more gold has been
shipped from London to New Yori.
international bankers here said that
they were uniformed OF the move
ment ard knew Of no shipment sched-
uled for this week. However. it was
said that later more gold is expected
in connection with the Anglo-French
loan Of S500,000,0 900, which natures on
October Is.
New-York tribune., 1920-05-15
Bank of France

PARIS. May 14.-The weekly state
ment Of the Bank Of France shows the
following changes in francs:
The Washington times., 1920-01-25

School, on Thursday evening. should
bring forth some idea OF the develop
ment in music since II became a part
of "the peoples" heritage from the
war.
The American Guild of Organists
announce the first free public organ
recital. OF It's tenth season, for Tues
day evening, at & o'clock. in the Mt.
Vernon Place NJ. Il. Church South, at
Ninth street and Massachusetts, ave
nue. northwest. while the choir OF
st. Matthews Church will give n
concert the same evening in Masonic
auditorium for the benefit of St. AIMS
Orphan Asylum.
The Washington times., 1920-01-25

Mischa EIman, the great RUSSIAN
violinist. will be heard the only time
this season at the National Theater
Friday. February 8, at 4:30 o'clock,
under the management of Mis. Will
son-Greene. Mischa Elman is one of
the greatest violin geniuses of his
generation. The "Elman" tone Is dis
tinct and Individual His technical
mastery of his instrument is COM
plete. Mischa Elman is making a
farewell tour this season. and will
not be heard here for several years.
Seats for his recital now are on sale
at Mrs. Greene's concert bureau. in
Droop's. Thirtenth and G streets
northwest
The Washington times., 1920-01-25
Concerts

Mime. GaIii-Curci. Poli's Wednesday.
Mime. Galli-Curci. the great colora-
ttra sprano. will be heard the FIRST
time this season at~Polfs Theater,
next Wednesday afternoon, January
2S. at 4:30 o'clock. under the man
agement OF Mrs. Wilson-Greene. This
concert was announced for January
%, but a change OF date was ueces-
sary. All tickets are good for jan
usry 2s.
Mime. Galli-Curcrs program will in
clude the following numbers: Per la
gloria" (BononcinD; "Daffodils a
blowing" Edward German): aria
from "Rigoletto." "Caro Nome" (Ver-
dD LA Vilanelia," with flute obliga-
to (Den Acqua); "Ayla" tBeeche-l:
"Clavelitos." in Spanish (Valverd"); (;
"Oh, Have You Blessed" (Murdock) ;
and the "Traviata" aria, "Sempra IL
bera" (Verdi). Mr. Berenguer. flutist.
will give as solo the "Fantasie" OF
Hue.
Nine. Galli-Curcrs final group of
songs will be "The Little DamozcW
(Novello): Like the Rosebud" ia
Forge), and 1.-The Little Bells of Sc
villa" (Samuels). She will close the
program with the opera aria "Qui la
voce." from 81 Puritani," with flute
obligato (BellinD.
The Washington times., 1920-01-25
Song Bird OF Italy and Two Great Pasts In Rectas Here

music, both Instrumental and vocal.
will, from this time ON, be given spe-
cial attention by the army on the
ground that it contributes substan-
tally TO "the enjoyment, contentment
and efficiency OF the soldier"
The orders which have been issued
by Secretary OF War Baker direct that
civilian music directors be assigned
20 each OF the military departments
and the seven regular army divisional
camps. IL IL understood that high
grade musicions will be sought 10 nh
these positions, their remuneration
being provided for from special
fund OF the department.
The Immediate organization OF OF
chestras and other Instrumental or
ganizations is TO be encouraged BY
every possible means. so that II Will
not in future be necessary 10 go out
side the army organizations In order
70 secure orchestras.
The Washington times., 1920-01-25
Josef Hofnann. Polls Friday.

Josef Hofmann, the great pianist,
will make his only appearance in
Washington this season at Polls
Theater next Friday afternoon. Janu-
airy 80, at 4:30 o'clock, under the
management of Mrs. Wilson-Greene.
1t is generally conceded that no
pianist Is in closer touch with Amer
lean audiences or more warmly well
coined by them. His program will
includes:
Sonata, in c major. op. So (Beet-
I oven) "Perpetuum Mobile tWeber !:
Chopin group, including the BAL
lade," + major; ''Valse. Il fat major.
op. 55, No. q 'Tmpromptu." G fat;
A major; three Dvorsky
"Penguine," East and
West" and The Sanctuary" and the
Strauss -Godowsky Valse. The Bat"
The Washington times., 1920-01-25

losued under the following heads;
New Scores OF Unusual Musical
Merit" New Musical Literature.
Books on Music" Popular Musical
Successes. the Best Songs" New Or
chestra Music" and a Musical Mer-
chandise Department including the
smaller instruments and novelty in
struments and accessories.
The Columbia Grafonola depart
ment has "A large record list. aud the
q. X. S. plano rolls are given special
mention.
The Bulletin will be mailed TO any
address upon request
The Washington times., 1920-01-25
Cortot-KindIer, Friday.

A concert of exceptional excellence
Is promised in the fifth of the T. Ar
thur Smith Ten-Star series, at the
New National Theater. Friday after
noon at 4:30 o'clock. when the erni-
nent French pianist, NJ. Alfred Cor
tot who won sensational laurels with
the Rachmapinoff concerto at the re-
cent concert of the Philadelphia Or
chestra, and Mr.. Hans Kinder, tho
famous leading 'cellist of the orches-
ira. whose exquisite program with
Marcia Van Dresser last season Is
still fresh in memory, will be the
assisting artists.
The program is. one of unusual
promise for both artists, presenting
The Washington times., 1920-01-25
81. Matthew. Choir Concert.

Sixteenth century madrigals,
Christmas carols. part sons and unison
songs will be given by the men and
boys choir of St. Matthews Church.
under the direction of Nation Boyce,
organist and choirmaster. in a bene-
At concert on Tuesday evening, at s
o'clock, In the Masonic Auditorium.
Solos win be given by william Bar
rington, tenor; Master Frank Bas-
table. soprano: William e. Hopkins.
tenor, and J. Frank Duggan. bass.
The concert Is for the benefit of St
AIMS Orphan Asylum.
The Washington times., 1920-01-25

Mr.. Cortot with Mr.. Kinder in the
Beethoven Sonata in A major. opus
69-Allegro moderato-Scherzo-Adagio-
Allegro; NJ. Cortot in Schumann's
"Etudes Symphoniques," Chopin's Six
Etudes. and Liszt's Eleventh "Rhap-
sody:" while Mr.. Kinder will be
heard in Chopin's Largo" Valensin's
"Menuet." Van Goens "Scherzo." the
Ornstein- Kinder Cradle Song" and
Peppers "Tarentella-"
Seats may be had at the offices of
T. Arthur Smith, 1906 G. street.
The Washington times., 1920-01-25
new MUSIC BULLETIN
MAKES BOW TO PUBLIC
First Edition of ''Robinson's Month
ly" Replete With General
Inform alton.

"Robinson's Monthly Bulletin" on
matters OF interest to the teacher.
student. and lover OF music. has Just
issued its first number. edited by j.
Edgar Robinson and Alan j. Bach
raeh. IL 10 essentially a trade jour
naf' on music matters. covering an
nouncemepts OF the nrm and some
up-to-date music information for the
general public.
New musical publications are cata-