davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16
GOSSIP OF WALL STREET.


Although profit taking in the last hour
OF Yesterdays trading in the stock mar
ket wiped out most OF the big advances,
stocks were buoysnt In the greater part
OF the session. responded readily to
the attention paid To them and adj
vanced IN s. lively manner which indi-
Gated that the floating supply in many
issues at least. had become n restricted
one There was little to choose. 80 FAR
as activity and strength were concerned,
between representative industrial and
rail- issues. Chicago, Milwaukee and
81. Paul. New York Central and the
Reading preferred issues led the rail
stocks. while Mexican Petroleum, Bald
win. Royal Dutch and Central Leather
scored the heaviest advances IN the gen.
eral list. AT the time when stocks were
strongest call money was being offered
on the floor of the Exchange at per
cent. Curiously enough. stocks began
selling off when the call rate reduction
was announced Little attention was
paid to the British coal striks. II is
generally conceded that factors nearer
home will dominate the markets i'm
mediate future. Taking their cue from
the recent favorable report Of Lacka-
mama Steel. any number OF people are
prophesying that the forthcoming re-
ports OF United States Steel and OF Re
public will show surprising results and
that those reports should offset any
gloomy onos going the rounds about the
unsettIement Of conditions in the steel
industry. Generally speaking, stocks
were active and strong yesterday and
followed up their advances OF Thursday
in an impressive manner.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16
BANK OPENS CLUB ROOMS.
Chase Employees Have Quarters
I'm ~ Trinity Place.

The Chase National Bank announced
last night the opening CT new dining
rooms and club rooms for it's employees
and their formal presentation 20 the
Chase Bank Club by Albert II. Wizgiu.
chairman Of the banks directorate. The
club rooms. which are In the building
~ Trinity place. win be put 10 regular
use next Monday That building wns
recently purchased by the Chase and
altered extensively for It's own use. II
10 SIX stories high and It's two nppcr
ioors end roof are devoted nln,cst on
tireiy 70 tie use OF the banks erpjoveea
Tiese IL q wide tiled fioored open air
room on the root from which the North
Eiver can be seen. On the top floor Is
a dining room, eeating about 400 people.
Tor women employees there is a .om.
Portable retiring room, decorated with
bright china. The lower floors OF the
building are devoted to the use OF DC
partnents OF the bsnl., whi-h. although
occupying 1ve floors IA Sc Broadws 3.
has been obliged ic enlarge re- quarters
~ the purchase Of ~ Trinity place.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16
secs no reason for oignIfying the state

sees no reason for Identifying the state
ment OF MIR. Pesqueira by any extended
answer. Two OF the points, however. to
which no alludes are perhaps worthy OF
short comment in order that the OBJ
vious purpose Of his statement. TO mis-
lead It's readers. may not be achieved
He has stated that those whom no char
acterixes az the petroleum. intrigue
have turned their attention and directed
their efforts to the Department. Of State
with view Of blazing the judgments Of
Msssrs. Colby and Davis, Secretary and
Under Secretary. respectively A BRIEF
recital OF the facts VIII be "a sufficient
answer
The attitude OF the State Department
toward the proposed conflscation Of the
properties OF Americans in Mexico was
determined rs Ter back rs JANUARY, 1916,
and has been consistently maintained TO
this day. THE attitude 10 we'll expressed
IN the State Depo rtment5 note of April
A. 1918, to the effect that tho United
States protests emphatically and sol
EMMY against the petroleum decree. do
clarlng IL 10 be all act OF dcspoiiation
and contiscation.' Fortunately there Is
no Misunderstanding. even In Mexico. OF
tho attitude Of tho state Department
and no necessity on the part OF Anief'-
cans whosc properties in Mexico sro
rncnaccd 10 hiss the Judgment Of onr
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16
OIL PRODUCERS DENY
PESQUEIRA CHARGES
Associations Statement Calls
Them Absurd.

The Association of Producers 81 Pc
.roleum in Mexico gave out yesterday a
abatement commenting on the published
remarks OF robert v. Pesdueirn, a Mex
lean Government representative, TO tho
effect that the American oil men were
ignoring the Mexican courts IN their
controversy over the Carransa DEGREES
and wore carrying their fight 10 tbs
state Department. That declaration n
characterized as absurd, as there are
pcndlng In tho Mexican courts many
nppcals So far az taking up the mat
ter with tho State Department Is con-
cerned Il So pointed out that almost i've
years. ago. LONG before the present heads
OF the state Department Ind nsaumcd
office, the matter was under considera-
ton In Washington.
Tho Association q Producers OF Pc
troieum IN Mexico" ,he statement real.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16
Tcxn. ana Pacific Coal and OIL.

Officials OF Texas and Pacific Coal
and OIL Company declare that there IN
no truth In the mass OF unfavorablo
rumors which have been circulated about
the corporations production In the last
few weeks. One OF the directors said
yesterday that the corporation is pro-
duclng 1900 barrels OF oil daily on It's
own account and that the joint produc-
ton OF wells owned by It and others Is
from 10000 to 10000 barrels daily.
THE Ranger field IN down to a pump
Ing proposition declared a director OF
tho corporation yesterday. 1.-THE major
ity OF the conpany's production comes
from the shallow fields In Stephens and
Pala Pinto counties, where the wells
are each yielding an average OF about
thirty barrels daily. These wells have
been pumping from three to four and
one-half years and continue to produce.
Individually the Texas and Pacific Goa!
and OIL Company has seventy-sev ven
wells waiting to go on the pump, while
there are 100 wells waiting to 20 on the
pump on the properties owned jointly.
From these IL is estimated that the com
pany will increase its production by
about $500 barrels daily. The wells
have not been put on pump because OF
shortage of tubing. but this scarcity
will soon be remedied."
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16
SELL STOCK TO EMPLOYEES.
Youngstown sheet and Tube Com
pany Has Insta1mcnt Plan.

YOUNGSTOWN. Ohio. Oct. 1S.--1he
Youngstown Sheet and Tube Company.
employing nearly $1,000 men. announced
to-day q plan for selling 100000 shares
of it's stock to employees through the
instalment plan. with bonuses to those
who hold the company's stock.
The project covers five years. 10000
shares TO be offered annually. This year
the price will be ss5 a share. The
ma rkot price Is $3.50 ex dividend. A
bonus OF IS share will DO paid an
nually to employees holding the stock.
Apportionment IL based on salary, al
though no employee may obtain more
than twenty shares
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16
L.nxthensnr tho CAN Price.

The put and call fraternity Of New
Street, always among the first to sense
q changing condition In the market cele-
brated yesterday the advance by gener-
ally marking up call prices on most rep
resentative stocks. Less than a month
ago thirty day call could be purchased
on United States Steel common for a
point away from the market 1t has
been heightened to three points. In the
speculative leaders. such as Baldwin Lo-
connective, Mexican Petroleum and similar
issues, the call price has heightened pro-
portionately. and the best paper offered
yesterday about New Street on Baldwin
was eight points away from the market.
Prices not only have boon heightened
considerably on the industrial list but
also on the rails. About the only group
OF stocks not given the benefit OF the
doubt is the coppers on which calls may
still be obtained at the prices which pre-
vailed month or SO ago.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16

OF tho officials OF our Government I'm
Washington. In addition 70 appealing
for the protection OF their own state
Department. however. the Americans
whose properties In Mexico were men
accd by the Carranza constitution and
DEGREES Instituted proceedings IN the
Mexican courts for the defence OF their
properties moro than two years ago, and
these proceedings are stlll pending. Mr.
PesuueIrs has perhaps merely taken this
undignlfied and disingenuous method OF
expressing his pcraonal disappointment,
over his inability TO niisicad or 'biae tho
Judgments OF Americans during his re-
cent soiourn hare"
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16
The Coal Strike Abroad.

The stock market paid but little atten-
ton 20 the British coal strike or 10 the
threatening attitude OF farmers in wash.
ington. bat the cotton market and the
foreign exchange market we're sensitive
TO those factors. particularly 70 the
strike news from abroad. Thus prob
ably the weakness which developed In
International Mercantile Marine while
other stocks were climbing to higher
levels can be explained. II IL the theory
OF the dealers in cotton that a general
strike OF miners In England will sooner
or later curtail mill activity and prob
ably bring II to n halt altogether, which.
OF course, would put dent In export
demand. Cotton was weak and unset
tied. At the same time. domestic coal
stocks were strong and exhibited evil
dcnces OF steady accumulation.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16

Every now and then brokerage houses
encounter an individual who harbors the
idea that he has discovered q system
that will beat tho market. A new one
has broken out. and from the safe dis
lance q Fifth avenue and Forty-second
street he is bombarding some OF the
largest brokerage houses with the news
that be has discovered an infallble sys-
tenn that cannot possibly lose. lie sug-
scsts TO each house that TO give him the
opportunity TO prove that he Ia right
they carry him for month with an
Imaginary account Of $4,000, merely
keeping q record of his orders to buy
and sell. II he does not double that
imaginary stake within month. he
says that tho broisors will not hear from
him again. but II he does double II no
expects IN the next month 10 be staked
10 an account OF $1,000, from which hc
is TO get thereafter half OF tho profits
Or tie trading.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16
DANK CLERKS GET BxrnA FAY.

Members OF tho staff Of the irving
National Bank received yesterday %
extra COMPENSATION 81 per cent or tic
amount OF their salaries uurirg three
months ended on September 30. lt was
the banks third quarterly payment OF
the year and was 81 per cent. less than
IN the quarter ended on June 30. IA
the rate OF extra pey !. based on
"tiroGstree;'s' iadex Number. yasta--
days payment reflects the substantial
decreases since the end ~ Ivnc in The
whclefalo prices - ccnDnod.iiss.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16

Payment of the balance Of the out
standing Anglo-French loan bonds was
accomplished yesterday without q ripple
In the money market In fact. call
money acted much as It had been expect
ed to act and started q decline inmedi-
ately after the final loan arrangements
were completed. Before the day was
over It had dropped to 8 per cont. the
months lowest figure. Before the ma
turity of the Anglo-Frcnch bonds no less
than 1927. 900 had been retired In one
way or another. OF the balance Of
$2os, 100000 to be paid. approximately
800. 100000 was deposited in advance.
Consequently the checks were ready at
10 o'clock yesterday morning for the
payments. There are still many millions
of the bonds outstanding and some Of
them. probably. will not be turned into
the banks for redemption for several
weeks.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16
Reading Preferred.

first preferred to IS, an overnight gain
of ~ points, and rise almost as wide
on Thursday Is attributed TO q late
realization by traders that In the COM
ing reorganization OF Reading Its COM
mon and preferred stocks may DO re-
tired at par. At any rate. It appears
to be reasonable to suppose that the
preferred shares as we'll as the COM
mon will share in the distribution OF
assets. According to one ru,nor going
the rounds of the Street, the second pre-
ferred is to be eliminated entirely by
giving the holders 10 per cent. in COM
mon stock and so per cent. In preferred
and then retiring the entire first pre-
ferred issue at par.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16
Coming to tho Mig Board.

Two Of the speculative standbys Of the
curb market are expected to graduate to
the big board as soon as final details are
completed and the listing committee has
opportunity TO pass on them. One Of
them is Submarine Boat. one Of the orig
inal war babies, which has settled down
into respectable shipbuilding and ship
operating concern. The other is White
OH. Thus probably the recent move in
the last named stock from $40 to $24
can be accounted for.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16
MONEY AND EXCHANGE.

CLEARING HOUSE STATEMENT.
Clearing House exchanges. 1921, IA, 562 :
balances si0s, 1891 .332; Sub-Trensury debit
balances s2ss $40; Federal Reserve credit
Balances. sT+,o53,,52.
SILVER MARKETS.
official bar silver N Kew York: Domestic
a0lIc per ource, unciIanged: foreign, sckc..
of 20: London. 53ssd., OFF ftsd.; Mexican
dollars cave. OF 2Shc.
CANADIAN EXCHANGE.
New Yori: funds IN Montreal, $l0SsS pre-
n,ivm per 81 900. Montreal funds in New
York, so6.b5 per $1,000.
FOREIGN EXCHANGE.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16
FINANCIAL NOTES.

(:oorae T. ekinner, formerly Superintendent
tho manufactures Trust COMPANY OF Brook
ivn md New York. lie resumed recently law
practice as q member OF tie firm OF Jonas d
Ncuberger.
Rumsey w. Scott. heretofore v!ce-president
of the Technical Advisory Corporation, hs'
been appointed manager OF the Chemical Ma
tionai BANKS Industrial department.
Harris. Forbes q Co. in their recently pub
lshed folder, Tho Advancing Bond Market,
state "Thnt az larger price adjustment must
he made IN bonds OF longer maturiics to
meet changes In current interest rn,es,
bonds OF longer maturitiee. For tire Sane
reason In many cases Il may be advisable
for holders OF abort term ronos sno hn non
even though temporarily tho short term pont'
Weld a aoinewha, better rate of interer'.'
rooseve,t e. Son have issued a bookls,
titled ''shouid the Investor Turn Back 60
Railroad Bonds7'
National City company has prepared 2
.tudy Of the present stratlon 81 United
states Government war Issues
Hsr,shorne E'alca Co.. nlsrrbers .. tlia
Naw York STOCK Exchange. have prepa roo
for distribution circrisr dlscns"i.ne ens
Allied Chemical aud Dye Corporations pros
poets and possibilities
American Exchange National Bnnk has
been named fiscal agent in New York for
ne payncnt OF the interest and principal Of
the sf,oooooo OF Massoy-Harris nompcny,
Company, United states, ten year per cent
s,nSlnE fund gold dehen.ure bonds. and reg
istrar OF HaEer Car capital STOCK.
VIM A. Rrad & CO. announce tiiat t,ts
s5OOO000 Of wisconsin Electric Power c1ni
ts,'S roid bonds. l.rlca A. duo on ccsps
M ,n45 offered ~ fh1fn mud srcnccf ~.
4 Co have been eoid. BIKE
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16

Har,shorne I'alca a. Co.. nlenrbcrs .. t'ia
Nevy York STOCK Exchange, have prepn rod
Allied Chemical and Dye Corporations pros
meets and possibilities.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16

Roosevelt G. Son have issued booklet en-
cited ''shouid the Investor Turn Back TO-
Railroad Bonds7'
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16

r,umsey w. Scott, heretofore vice-president
NJ the Technical Advisory Corporation, has
been appointed manager Of the Chemical Ma
tiouai Banks Industrial department.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-16

National City COMPANY has Prepared .
study OF the present nitrafion Of Initeu
states Government war issucs.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-05-06
NO ARGUMENT AT ALL

Tho proposed stand Of the Ameri.
can Chamber Of Commerce on soldier
bonus legislation is not in keeping
with . the justice in the case. The
Chamber Of Commerce is arguing
against paying soldiers a bonus on
the ground that thousands OF dollars
would be released for spending and
that business would be hampered
thereby because recipients would lay
off Of their jobs while they spent
the money.
Either the soldiers deserve the bon.
US or they do not. What they will
do with the money has nothing what
ever to do with the case
Such argument as the Chamber OF
Commerce is putting up is parallel to
holding up a mans salary because
he won't work for a while after he
gets 1t.
II the people Of America don't feel
that the soldiers deserve little more
thau smpty praise fer tho victory
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-05-06
Editorial
of the Day
IN FIVE YEARS-WHAT?
(Muskogee Phoenix

(Muskogee Phoenix
Every hour the awful truth that
Germany did not lose the war is
more deeply impressed upon us.
When the war was brought TO a
sudden termination by the armistice
there were many of US who deplored
the ending OF hostilities. We wish
ed to see Germany crushed, humili-
ated, beaten TO her knees, so badly
bruised that she might rise again
with difficulty. We longed to have
her forced to taste some of the bit
ter gall she had choked down the
throats of France and Belgium. The
most of us longed to see such things
only in n spirit of vengeance. Other
more far-seeing men, peering into the
future, realized that unless Germany
was crippled she might easily rise
again to once more attempt dominaa-
ton Of Europe.
The allies won a moral victory over
Germany, but Germany is troubled
little with moral thoughts and the
smart of disgrace will only serve
to kindle in the German heart the
spirit of hatred and revenge. We all
know that Germany escaped from the
war comparatively unscathed that
France and Belgium bled white.
We forced upon Germany treaty
which we said would equalize that;
under its terms Germany was CON-
PEELED TO indemnify France, to furn-
ish her with coal until her own
coal fields were reconstructed, TO pay
her in German gold the price of her
| devastated regions.
Germany has scarcely fulfilled a
| single term of her agreement. And
now we find the allied powers hope
lessly crossed. Great Britain fed up"
on the war and shuddering at the
even distant prospects Of another, is
ready to let Germany have her
way more or less. France, realizing
that 1t is France that must suffer
first and heaviest seeks to demand
| now the utmost fulilment of the
| treaty's terms. Millerand and Lloyd
George are at daggers' points Italy,
another of our allies, through Premier
Nitti, has declared that helpless
| France can expect little aid from
her you will have war in Asia
Minor and Italy will not send sin
| gle soldier nor pay a single lire"
Nitti declared. And our own United
States, that entered the war "for the
sake of humanity" stands aloof, a
deserter to the banner under which
she enlisted.
A European correspondent of the
New York Times, man well train
ed in European politics recently de-
clared "a German army will enter
Paris within five years" And his ut
terance is not so fantastic as it
may sound.
Britain, Italy and the United States
have said. In almost so many words
that they want no more of it. Such
declaration Of policy must indeed
be sweet music to the ears Of I'M
perial Germany, Of a Germany whose
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-05-06
NATIONAL NEIGHBOR'S DAY.

II believe finally that democratic
community organization is the best
antidote to all kinds of class and
factional bitterness. No one can
deny the fact of division amongst
us. No thoughtful person will be-
lieve that the riffs and conflicts
from which we suffer can be heal
ed by denial Of their exist
ence.
'But they will never be met and
solved by any one minority or
class. Our people must learn how
to come together on the vantage
ground of their many common in
terests-as citizens and as human
beings, and on this ground con-
slider their common problems, rath'
er than meeting in head-on con
flict as separate groups.
Community organization is the
one constructive attempt to estab
lish such a common meeting
ground. ."-Franklln X. Lane lin
his call for n national conference
on community organization held in
Washington, March 20, 192O)
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-05-06
The Ardmoreite's
HOME FORUM
WHAT DO YOU THINK OF
ARDMOREq

"a Visitors Observations Of the
Metropolis Of Southern Oklahoma).
Well that is a pretty direct ques-
ton and one too, which might be
answered in a great variety of ways.
But a modest opinion concerning the
question and from one who admires
Ardmore, may possibly be read with
some interest by citizens.
Ardmore is indeed beautiful for
situation. Nature seemed to have
done her utmost to create q fine site
for city Of genuine worth and en-
during progress. Every town or city
has an individuality. a type Of its
own, and that attracts citizens Of
the characteristics-to q great extent,
think this is true.
The people Of Ardmore are observ.
ed TO be thoughtful, kind, sympathet.
ic and helpful to one another and
as the Postum man is wont to say,
There's a reason"
This is pre-eminently 4 city Of
homes. The very atmosphere OF
things imparts to one a restful feel.
ing, a thoughtful spirit and all are
concerned in the growth OF the city.
In speaking of Ardmore as city
of homes, however, I do not mean
to say that it is not also a place
Of substantial business interests. BY
no means!
All the various kinds Of business
are not only well represented but
they are conducted by men of good
ability and those who possess the
spirit Of genuine progress. the places
Of business for the most part are
well arranged. neatly kept and man.
aged with a promptness and courtesy
toward customers ths,i compare fay.
orably with the cities Of much larger
size. The people of Arlmore and this
| section are elated with the way the
| i.rdmorelte Is cooperating In the
upbuilding of Ardmore and Carter
county.
xAAG --A Str2Au1ar-
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-05-06
COTTON PLANTING SEED

1000 bushels Mebane, $3.50 per
bushol. Stocks at Wapanucka Oil &
Milling Co, Wapanuika, Durwood Gin
Durwood, Ardmore Gin, Ardmore.
The above is from seed houses at
Lockhart and Sherman. Domination
test shows so per cent. Put up In ORR
ginal sacks branded and tagged Me
tane by the growers
1000 bushels early gin run seed,
S1,75 per bushel. Stock at Ardmore
Oil & Milling Co., Ardmore. January
Sth termination test shows so per
cent, put up in uneven weight sacks.
Phone Murphey 80
Phone Hayden sec
ARDMORE OIL q MILLING co.
"Farmers and Ginners Friends,
the Year Round" 4-10
Use Ardmoreite WANT ADS and
get results.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-05-06

sweetest dream and desire is more,
and much more, Of it.
With Britain and Italy in the fray
we were convinced that it was but
a step from Paris, France to New
York, u. S. A. And now with Britain
and Italy publicly declaring they
cannot be relied upon in the future
we vote down all efficient systems
of military training and rant Of Eu-
ropean alliances and dream Of peace
at any price.
Submarine and aeroplanes have
bridged the Atlantic. And five years
is but brief span of time.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-05-06

The Clinton Beacon says since the
many moonshine liquor plants have
been discovered" in western Carter
county, it knows why the Ringing
road paid from the start. Say! Boy,
you dent have to go that far (from
ArdInore) to locate a hiatus in the
pro amendment.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-05-06

achieved in France. then let's be done
with efforts to get through a bonus
Plan. II they do. then a deaf ear
should be turned TO such argument
as that Of the American Chamber Of
ComnIerce.-Hugo News.