davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1920-07-15
STOCKS HEAVY
AT CLOSE
While Trading Is Purely
Professional, 1t Is on
Long Side.
ISSUES HOLD UP WELL
Foreign Situation Continues
To Cause Worry in
Wall Street.
ISSUES HOLD UP WELL

New York, July 14.-Stocks were
highly irregular today. some of the
active Issues making new low
prices for the movement. The most
important feature of the present de-
cline is that very little of the SELL
Ing Is for short account. Even the
professionals were convinced about
three weeks ago that higher prices
must come regardless of business
developments. The traders, there
fore, covered their short contracts
and took on lines of long stocks
While the business Is almost en-
tirely professional just now, II is
long stock that is being sold. A
short interest Is almost entireiy
lacking. II there is any short in
terest IL Is probably for the account
OF important operators who are not
known as professionals. such as
bank directors and big captains of
industry who saw what was COM
ing and liquidated some time ago.
Stocks have held up remarkably
we'll under the selling. but the last
few days some issues have had mar
row escapes from bad breaks. 1t Is
not so much the fact that the call
money rate stands at s per cent, as
that the ngestion of business
makes II fairly certain there will be
little relief in the immediate fu-
ture. Bank loans to industrial con-
Germs are at high record level and
imitation of the currency is at record
volume.
More talk was heard of impor-
tant bu mess being at the jumping
of place. The government will take
about s22.000.0oo from the banks
this week and other operations con-
nected with the collection of $780,
100000 taxes in July added to the
ordinary Treasury operations makes
the credit situation very difficult.
Stocks were heavy at the close
and few purchasers seemed to be
in sight The Reading pool that
started so bravely last week seems
to have lost its nerve. There is
little likelihood of the Reading
Company being forced to liquidate
Immediately. The Supreme Court
has always proved itself possessed
Of some business judgment, and de-
lays can be arranged for.
The foreign situation is wor-
rying the Street a good deal. When
the market closed IL looked as
though the allies would have to oc-
cupy part of Germany to enforce
the treaty provisions. The Polish
situation Is such that American
concerns which have business re-
lations with that country. as for
instance lthe Baldwin Locomotive,
may be called on to take large
losses.
Further evidence came to hand
through trade reports of a slack
ening of the steel business.
A stockholder Of the Stromberg
Carbureter Company denied that any
negotiations were on looking to the
sale of the company to one or tne
big automobile concerns.
False report that the Mexican
Petroleum Company had brought In
new gusher caused a sharp ad-
vance in the stock. The new well
has not come in, but is expected
almost any day. The big fact in
regard to Mexican oils Is the ap-
pratching agreement with the gov
eminent regarding quiet possession
OF the properties by American citi-
gems.
The Washington herald., 1920-07-15

introduce airplanes as a means of
forest patrol.
canada still has 100000 square
miles of forests. The forests of
brltlsh Columbia constitute one of
Ine two greatest tracts of CONNER
ciai TIMBER left in the world. The
otner is In Russia. With anarchy
In Russia, British Columbia has be-
come the worlds chief source of
TIMBER supply. Some of the largest
saw-mills in the world are located
along the Grand Trunk Pacific rail-
way. A large per cent of British
Columbia lumber is shipped to the
United States. With a tremendous
demand for lumber in Europe. al,
Immense export trade has been de-
veloped since the end of the war.
The Washington herald., 1920-07-15

pressed with the Federal quaran-
tine, growers from Mississippi, Ala
bama, Texas and South Carolina
asked for modification of the State
guarantees.
Prof. Harmed. Mississippi ento-
mologist, said his State had made
a survey of the cotton area and
found no pink boil worm. Until
Louisiana does this, Mississippi
will not let Louisiana cotton come
into the State. he said.
State Secretary of Agriculture
Wilson, of Louisiana. said his State
was taking all precautions and had
stopped farmers in infected areas
from growing cotton, paying them
for their losses. He advocated the
lifting of other State Quarantines.
Texas representatives supported this
plea.
The Washington herald., 1920-07-15
British Columbia Eyorces Policy
of Strict Conservation of Tinbe,

Ottawa, Ont. July 1.-two
thirds of Canada's forests have
been destroyed by fire in the last
seventy-five years, according to fig
ures of the forestry department.
The amount of timber burned would
have supplied the world for $50
years at the present rate of con-
sumption and represents a loss Of
one thousand million dollars.
With this tragedy of the forests
to guide it, the British Columbia
government is enforcing a policy
of strict conservation. Ranger
service has been enlarged and i'm
proved. Every precaution is being
taken to guard against fires.
Summer campers are kept under
surveillance. Plans are on foot to
The Washington herald., 1920-07-15
CHILE COPPER.

The first quarterly report of the
Chile Copper Company for the cur
rent year shows surplus after
charges Of s1,233,036. equivalent to
80 cents a share on the ss5, ,0o0, 900
capital stock. This compares with
a defcit after charges in the pre-
ceding quarter of s590,s16 and a
deficit In the corresponding period
of 1919 of s660.7ss.
Net profits after depreciation in
the first quarter of this year were
s1.S4s,74s, an increase of s1,s2l,025
from the nrst quarter of. the pre-
ceding year. Other items also
showed large increases.
The Washington herald., 1920-07-15
LACKAWAlNNA STEEL.

New York. July 1.-THE Lacka-
wanna Steel Company reports for
quarter ended June 80 last total
net earnings after all charges in
cluding Federal taxes of S2.766,1zf,
as compared with s44s.757 in same
period last year. Fronts for the
second quarter amounted to S1,8sl,-
s46, as compared with a deficit Of
s233,os6 in the corresponding Pc
riod last year.
Unified orders for the second
quarter gross tons. 4s4.267 tons. az
compared with 122.3ss tons on June
so, 1913.
The Washington herald., 1920-07-15
MONEY.

New York. July 14.-Time money:
No transactions except occasional
renewals are reported in the time
money market. Bids for so to go
days on mixed collateral remain
at 81 per cent and on all indus
trial collateral at 9 per cent The
acce ptance market maintains a firm
tone. with discount unchanged at
ga to 6A per cent. Call money
ranged at s per cent all day.
The Washington herald., 1920-07-15
AMERICAN wooLEN CO.

Boston. July Il. = Syndicate man
ayers In the s2o.0oe.o0o American
Woolen common stock underwriting
have notified participants that so
per cent OF the underwriting sub
scription Is due to be paid July 81
and the balance August 6.
The Washington herald., 1920-07-15
COTTON GROWERS CONFER
WITH HORTICULTURAL BOARD

Cotton growers. meeting with the
Federal horticultural Board here
yesterday. took up the Federal ana
State guarantees placed as q guard
against the pink boil worm.
While no dissatisfaction was ex-
The Washington herald., 1920-07-15
Local Securities.
wsshisgtou ssoek Hzehasss.
FURNISHED By Aoorhssd & Einess.

Meaningless eccek 1xchanoo.
Furnished By Noorhssd 4 Eimora
Sales Yestsrday.
capital Traction r. r. So. $500 at "a.
Warrington Railway 4 Electric pfd, 8 Al
si%. - at 4ih. 2 at Ah, 10 at 4h,
sH hh, 25 at AN. 20 at 4lh. 100 Al
Washington virginia Railway CON-, q
10 at 15k.
Continental Trust. at 1904. s at 1864
Union Trust. I at lis.
lanston Monotype. 10 at "a.
rotomae Electric cons. So. 81 900 at So.
washington Gas 5s. $500 st 30.
cspital Traction, at s5. 10 at s4h.
Qaotations for 1870 to date,
The Washington herald., 1920-07-15

LIABILITIES.
IS Capital stock paid in. $50 $40. 90
27 Dividend certificates payable
Jan. Il. 1923. or before at
option of board. 33.60
Total demand deposits, item
"a, $500.
Time deposits payable after
30 days, or subject to so
days or more notice):
20. Certificates Of deposit (other
than for money borrowed) 2
per cent demand bond. ..... 1a7. .5s5. a
-. Other time deposits. ......... s5,322. 20
Total Of time deposits, items
% and 81 s222, ,ss7.s4.
81. U. s. government securities
borrowed .................. -1So. zoe. 90
as Bills payable including certih-
Gates Of deposit representing
money borrowed. ......:.... I4s.1s2. q
50. Liabilities other than those
above stated, including re-
serve for discount unearned 65 ,651. 45
Total .......................s $40, 495. IL
District Of Columbia. City of Washington, IS:
I, J. T. EXNICI0S, Treasurer Of the
above-named bank, do solemnly swear that
the above statement Is true, to the best Of
my knowledge and belief.
J. T. ExNIcIos.
Treasurer.
Subscribed and sworn to before me this
(seaL) A. L. CHENEY.
Notary Public.
Correct--Attest:
Jno- s. Beach, Louis 0ttenberg
". II. Kervin, r. ]. ouinn.
r. Z. Potter, J. 7. Exnicios.
,. Franklin Meyer, Directors.
The Washington herald., 1920-07-15
FINANCIAL STATEMENTS.
Report Of the Condition
OF THE
BANK OF THE SOCIETY FOR
SAVINGS & LOANS

Al Washington, I'm the District of
Columbia, at the close of business
June 30, 1920.
RESOURCES.
L Loans and discounts including
rediscounts .............. .SSof ,Uoo.i 70
3U \. government securities
owned:
Pledged. par
S55, 5000 ........S4s,131.A
Unpledged, par
S31, 10000 ........ 29,219.53
War savings GER
Gates and thrift
stamps. par s535.OO 465.19
Total L. s. government Sc
curitles ................... TS,flo.lo
L. Bonds, securities, etc, other
than U. s.. including premi-
um on same 10.4T5.oO
g. Banking house .............. 81, 900 90
Z. furniture and fixtures. 2.201.54
o. Due from nauonal banks. 1,767. 90
IL Checks and other cash items. 1.114.O5
IL Cash in vault. 2,276.29
IA Other assets. including liberty
bond subscriptions uncollect-
ed ...................... 49,, ,14I. IS
-
Ioni ...'''...'.'''..'.'''. 'SilV'4so.ll
The Washington herald., 1920-07-15

e.otatIons for 1870 to date,
The Washington herald., 1920-07-15
CURB STOCKS.

FURNISHED BY W. b. Hlbbs 4 co.,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-07-15
RUSSIANS AGREE
TO TRUCE TERMS.
Spa Reports Complete Accept
ance Of Conditions Laid
Down by British
ARMIES STILL ADVANCE
By the Associated Press

Paris, July 15.--All conditions laid
down in the note sent to Moscow by
Premier Lloyd George relative to an
armistice with Poland have been ac-
cepted by the Russian Bolshevik govern
ment. according to a Spa dispatch to the
Matin.
An Exchange Telegraph dispatch from
Berlin today quotes the newspaper
Pravda one of the Russian Bolshcvik
organs, as declaring that Soviet Russia
would decline all proposals for peace
. with Poland and would not lay down
her arms until a Bolshcvik Poland was
established in place of the present Capi-
talistic state.
London. July 1j.-Thc note Of the
British Government to Soviet Russia
agreeing to continue negotiations for
resumption Of trade relations and pro-
posing an armistice between Soviet Rus
eia and Poland and also between the
Soviet forces and General Wrangel, the
Crimea. was read in the House OF
Commons yesterday by Andrew BOnar
Law. the government spokesman.
The note takes Cognizance Of the ac-
ceptance of the Russian Soviet Govern
mcnt OF the principles laid down in the
British memorandum of July | and of
the basis Of agreement for a resumption
of trade relations and the cessation of
hostilities and agrees to resumption
Of negotiations for definite trade rela-
tions as soon as the Russian delegates
armistice with Poland 1.-THE note said:
The Soviet Government repeatedly
has declared its anxiety to make peace
with all its neighbors. The British
Government is no less ANXIOUS to restore
peace throughout Europe and therefore
proposes the following arrangement with
this object in view:
THAT an immediate armistice be
signed between Poland and Soviet Rus
sia under which hostilities shall be sus-
pended. That the terms of this armis-
tice provide. on the Que hand that the
Polish army shall immediately withdraw
to the lines Professionally laid down last
year by the Peace Conference as to the
eastern boundary to which Poland is
entitled to establish Polish admins
tration.
"On the other hand. the armHticc
should provide that the army Of Soviet
Russia should stand at a distance of
fifty kilometers east of this line. In
eastern Galicia each army will stand on
the line they occupy at the date of the
signature of the armistice.
THAT as soon as possible thereafter
q conference sitting under the auspices
Of the Peace Conference shall assemble
in London, to be attended by repre-
sentatives Of Soviet Russia. Poland
Lithuania. Letvia and Finland, with
the object of negotiating final peace
between Russia and its neighborine
states. Representatives. of eastern Ga
licia also would be invited TO Londor
to state their case"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-07-15

Sailing conditions provided for a pre-
paratory signal at II :45 40 :45 stand
ard time). wind and weather permit
ting, with warning signal ten minutes
later. The starting signal was set fol
~ o'clock I'll O'Clock standard time)
with a handicap time to be taken two
minutes later.
The American chef on Sir Thomas
steam yacht Victoria was not dismayet
this morning by Shamrocks from Ire
land stored in the hold of the challenger
for good luck,
THAT won't help any," he said, q,
he wagered SIS bill with Sir Thomas
valet, who put up a pair Of his EN-
ployer's cast. off trousers.
Captain Burton planned to carry
smaller club topsail today and reduce
the heavy handicap which Shamrock
carries in allowing Resolute tint
allowance of seven minutes and on,
second in a thirty mile race.
This smaller topsail Is expected tc
reduce Resolute's time allowance TO 81,
minutes and forty six seconds. Sham
rock must not only beat the American
defender boat for boat, but accumulate
such time advantage over q thirty
mile course as to nullify the big allow
ance given Resolute because of heI
smaller sail and spar measurements.
or For Starting Point
Shamrock was the first to get up heil
mainsail. It was fine piece of cloth
lute's mainsail, which was hoisted
shortly after. -,
The defender kited her largest club
topsail, while the Irish sloop also sent
up a club topsail of large area. The
twos racers swung unwllhngly at their
mooring buoys awaiting tow to the
starting line. o..
Resolute, disdaining a tow, broke out
her headsails ut 10 ID o'clock. cast on
from her mooring buoy and headed
away toward the Sandy Hook spit:
where she made a turn and headed
away to the eastward for the starting
line.
Shamrock followed her within less
than minute, breaking out her head =
sails and standing away toward the
starting line. half mile or more astern
Of the American sloop..
The race committee boat, the ocean
tug Darlington, came up to the Am
at the starting line at 10 :45 o'clock.
She was soon followed by a line of
excursion craft, crowded with passen- :
gers, who lined the rails from stem
to stern, watching the two racing sloops
as they slid easily through the water
seaward in the light airs. -.
The ocean was as smooth as q mill
pond. Here and there large soft spots
were observed, evidence Of the -titful
breeze that sometimes blew eight knots
in strength and then fell away to an
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-07-15
odd Facts Concerning
americas Cup Race

The original America cost about s20,-
900, The sails Of many Of the modern cup
race defenders and cballengers alone cost
that
The America Cup originally cost $500.
II IL estimated that from four to seven
millions have been spent trying 20 win
defending II.
Sir Thomas Linton has been beaten
three times for the cup. The first yacht,
Shamrock l., was beaten by the Column
bIa, which also beat Shamrock II. sham
rock Ill. was beaten by the Reliance In
1909.
The mast OF Shamrock w IL hollow.
and II the largest Of Its kind ever made.
The course was originally forty nau-
teal miles In length. but II In now only
thirty.
Zach vessel In the race has on board
n representative nominated by her COM
pctitor.
In race around the Isle OF Wight on
August 22. 1851.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-07-15

They contributed a new feature to
Americas Cup racing, these flying craft,
and a highly spectacular one. As the
time of the start drew near eight or
ten of them were counted in the air
some of them were navy planes and
others were operated in the interests OF
news agencies or newspapers. To the
last degree they added TO the impress
siveness of the spectacle.
At IL o'clock the two cup racers were
darting hither and hthither between
Sandy Hook and the Scotland lightship.
The vanguard Of the spectatyr heet'began
70 apessf. pNirst cswsA 'lqsatlf DE-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-07-15
Beverages

"Asco" Ginger Ale, bot. 12Kc
"Asco" Rootbeer :. bot. 12Kc
"Asco' Sarsaparilla, bot.12Kc
Pure Grape Juice, big bot. 33c
Hires Root Beer Ext, bot. 1Sc
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-07-15
American SLOOp
Half Mile Ahead

Continued from PaRo Ono
flattcning out the sea 80 that it was as
smooth as mill pond. The yachts ap-
parently were making poor time.
Vivid lightning flashed in the sky and
the torrential rain drove passengers
from the decks of excursion boats to the
cabins below. At / o'clock rain was
falling with the intensity of a cloud
burst and visibility at sea was limited
to few cable lengths, thus making 1t
dangerous for the racers should they
be close together. With the last down
fall came heavy squall Of wind from
the west, which caused the yachts to
stagger in the sudden blow.
At 05 p. m. with both yachts
standing off shore on starboard tack,
Resolute was more than half a mile in
the lead and slightly to windward. The
wind breezed up again TO six knots at
this point.
The wind had hauled to the west
ward, letting the yachts up so that they
nearly pointed for the turning mark.
Yankee Crew Skilled
After having broken out their baby
jib topsails, both shippers in hunt for
a better breeze took them in again and
broke out larger topsails in their place.
The yachts stood along at an even keel
and there was hardly any quartering
wave as they moved along the Jersey
coast.
1t turned out to be typical cup race
day after all, with fiat sea and dead
air. In the handling of the head sails.
Resolute's crew showed to advantage
over the sailors of the challenger.
The Resolute did not take in her
baby jb until about thirty seconds after
the Shamrock had done so, but the
American skipper was able to break out
his larger lib topsail nearly minute
before the British crew could get their S
up.
Behind the yachts on both sides of
the racing lines steamed the excursion
feet in serried line. A diversion Of the
afternoon race was the grounding of an
aerial naval cruiser bearing some spec
tators. The plane was ashore on sand
nit on the mouth of the Shrewsbury
river.
The course of the race was southwest
by south.
The wind, which early had a velocity
of ten miles an hour, dropped out as
the morning advanced and came in titful
,puffs from the southwest about six
knots in strength. Gray clouds came
out from behind the Jersey headlands,
screening the sun and giving constant
threat Of rain. OF shore the haze was
thick and curtained the Ambrose light
vessel from the shore observers.
The wind came in cupfuls out of the
west at IL 80 o'clock, and the sun
made brave effort to pierce the clouds.
enough to stir the flags on the racing
craft Resolute reached the start at
II :15, but Shamrock was nearly half
an hour late,
The decision hy the race coramittss
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-07-15
Official Measurement of
Shamrock and ReSoIute

Sail area--shamrock. 10,459.4 square
feet; Resolute, s175.
Length over all-Shamrock, 11O'SS
feet; Resoiute, 10e.3i.
Length on .water--shamrock. 10 feet'
Resolute, 1877.
Quarter beam length penalty-Sham-
rock, 3.97 fleets Resoiute, 1.2S.
Racing length--Sha mrock, 1897 feeti
Resolute. 1929.
Dfsplaccment--Shamr 1919 cubic
fleets Resolute, 1880.
Rssolutc, o.
Rating uremcnts-shamrock, ei.t
ferti Rcsolute, s3.5.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-07-15

Park Guard Gets Medal
The heroism of Gordon Mathers,. a
Paramount Park guard. in risking his
life in the waters of Wissahickon creek
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-07-15

to save eleven year .old Edward I.
Stuart, Jr.. received official recognition
and commendation yesterday, when the
hero guard was presented with a medal
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-07-15

for bravery by e. T. Stotesbury. ,,,,'
on behalf OF the Park Commission W "
rescue was effected on February 6 ~
the sled the boy was riding plu,a'
into the frozen Wissahickon. lung
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1920-12-08
Buy Christmas Seals.

Generous support of the 1920
Christmas Seal Sale by the citizens of
every county in the state is urged by
Governor Burnquist, in a letter to
President C. L. Scofield of the Mime
sofa Public Health Association for
warded to local seal sale leaders here
today.
81 sincerely trust that the citizens
of every community in our state will
give generous support to this annual
campaign to provide funds for the
maintenance of the volunteer public
health agencies of the state" writes
the Governor. "The vital necessity
for a continuation of the vigorous
fight against tuberculosis and other
preventable diseases cannot be too
strongly emphasized.
'More adequate provision for pub
lie health work would be made if the
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1920-12-08
Elevators for Sale.

In order to close the estate of the
late A. w. Bingham, the Elevators
belonging to the firm of Bingham
Bros, of which he was member, are
now offered for sale, as follows:
Elevator and Coal Sheds at Red
wood Falls, MINI.
Elevator at Client, MINI.
Elevator at Hetland, S. Oak.
Elevator at Vesta, MINI.
Elevator at Minneota, MINI.
Elevator at Seaforth, MINI.
Sealed bids will be received for one
or more of the above properties by
the undersigned at New Ulm, Mimi,
to and including December Is, 1920.
Bids should be accompanied by certi-
fled check for 10 per cent of the am
cunt of the bid. The right is reserved
to reject any and all bids.
SOMSEN, DEMPSEY & FLOR,
Attorneys for Administrator,
New Ulm, Minnesota.
20-2ts.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1920-12-08

1t was the unanimous sense of the
meeting that the farmer did not want
legislation that would give him an adj
vantage, he just wanted laws that
would give him an equal chance with
the other fellow, put him in position
where he could go, singly or collec-
lively, into the market and receive the
same treatment and privilege the 9TH
er fellow does. That is only reasona-
able, and there ought to be some way
of bringing that about. A legislative
committee was appointed, and the eff
forts of the committee this winter, be-
fore the legislature, will be watched
with intense interest, not only by the
farmers of Minnesota, but by all the
farmers of the Northwest.-LeSueur
Herald.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1920-12-08

public fully realized the toll taken
annually by preventable disease. AS a
result of the work of your associa-
ton and other public health agencies,
winning fight is being made against
tuberculosis. Records of the State
Board of Health show that deaths
from this plague decreased from 1T
per 100000 of population in 1911 to "a
in 1919 If the work is continued and
extended, the white plague can in time
be wiped out. The death rate from
some other diseases has been greatly
reduced and there are many other
diseases whose ravages could be SIM
ilarly reduced if a general campaign
were made against them. The amount
of work your association can do will