davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-10-03
Hail Shares Show
Greater Strength
In Stock Market
Seasoned Dividend Payers
Join More Speculative
Issues in Upward Move
ment; Shorts Are Nervous

haiiway shares, which have been
s'eeaoly growing in popular favor for
y ioItnlght or more, comprised yester-
oay 'he strongest and most interesting
group IN the stock market. Under the
STIMULATING influence of steady and
w~eil sustained buying the rails moved
lorward IN display of pronounced
sselehgth which made them easily the
1eHture OF the Saturday half session.
Tains S;a|: IN the leading rails-seasoned
,L,siueno paying issues as we'll as the
;;oMer,,prlced more speculative stocks
Jolneo IN the movement-ranged from
traction to 3 points and more and in
most cases were we'll maintained. The
rise IN the rails carried the majority
ol issues to new high prices for the
year. Among the rails which were most
prominent Great Northern preferred
Jumped b1a points to 901a on dealings
OF $4,000 shares, Northern Pacific was
up ~ points net, Norfolk & Western
.. New York, Chicago & st. Louis 3l1
ahu no, Iowa Central 2ss.
me Improvement that has taken
pace IN the railway shares during the
last week is not surprising. in view
OF the favorable discussion Of railroad
prospects and the backward tendencies
al TTispiayed by the industrial share list.
mere IS no doubt but what the slumn
4" lhdustrial issues and the uncertain
W around this class of securities has
caused many spectators to shift into
thc rails. AT the same time good
ue"i OF speculative investment buyinr
mas appeared. The rails have re
sponded easily to this buying since the
eeneIlhgs nave been small and the
noatlng supply has been doubtless re-
duced by the steady absorption that
Oec0 fop
with the rails giving such a rood
account of themselves IL was not sur
prlsing to SOC the short interest in the
lnoustrlal end of the market grow q
olt nervous. The result was that the
lndustrlals Joined in the recovery. al
1nough the movement here was not
so pronounced as in the case OF the
rams. Among the especially STRONG
spGts IN try industrial group were
nAld"ln Locomotive, in which the
5 Hnore interest IS supposed to be Of
Pressed Steel Car.
The weekly bank statement dis
Closed some striking changes, and in
tne case Of the Federal Reserve Bank
OF o. New NeV York loss Of approximately
o,oo0,O00 was reported as a result Of
the weeks transactions. The hanL
actually gained s11 900 900 in gold and
gold certificates held :, its own vaults
but 1t lost nearly 100000 900 to other
reserve banks through the gold settle
ment fund. The bank also extended
discount accommodations to other re-
serve banks to the extent of s1e-
100000. Loss in gold was largely re-
sponslble for~the reduction in the ratio
OF total reserves to deposit and Fed
erel Reserve note liabilities, which
oropped to all per cent, compared
with 43.7 per cent the preceding week.
Inc Clearing House banks in the
combined statement reported deficit
IN reserves of $1l ,043,85O, while loans
ana discounts EXPANDED S24 76h nGn
New-York tribune., 1920-10-03
Ihe Dollar in FOREIGN EXCHANGE

Erratlc movements have been the
rule IN the market for foreign ex-
change during the last week. This
was particularly true of sterling. Bills
on London dropped sharply for a time.
then rallied we'll and closed the week
IN fairly firm position.
international exchange bankers said
toward the end of the week that the
french Treasury had about completed
ITS operations in sterling in connec-
ton with the Anglo French maturity
and for that reason looked for i'm
provement in sterling rates. The mar
set last week was very thin, and offer
lngs were extremely light.
Inc Federal Reserve Bank Of New
York, in discussing the foreign ex-
change situation in it's monthly bullc
TIN, talks of the establishment of a
new parity for the exchanges, fluctu
ating IN accordance with the buying
power of the currencies of the nation 9
IN relation to our own.
The operation of trade under this
new parity the bank points out, "is
simple and depends in the main upon
the common rules Of commerce Ss'
Whether British merchant, for in
STANCE, will continue to buy in the New
ork market when sterling has de-
clined 80 per cent from its old parity
depends mainly upon his chances Of
prott-that is, whether he can paw for
New York goods in sterling converted
into dollars and secure in his own
market price in sterling above tina t
paid, plus the costs Of transportation
and handling.
AN examination of the progress of
the foreign trade Of the United States
since 1880 suggests that while exports
and imports varied greatly from nor
NAL during the war period, neverthe-
less they are now reverting to the nor
NAL line of increase carried through
the forty years.
If you calculated the cost Of the
dollar IN terms of foreign money of
current exchange values-that is. if
you we're buying a dollar with pounds
marks or francs, its value at the close
OF last week, as compared with a year
ago, follows:
New-York tribune., 1920-10-03
Raldwin's Rumaniao Order

The Baldwin Locomotive Compan-
completed its half of the fftv locomo-
tlves ordered by the Rumanian govern
ment last spring as long ago IS August
-; 1t became known yesterday. The
otner nall OF the order. which was as
signed to the American nmotive
Company. is row being completed At
ITS Montre?l plant. It will be recalled
that the builders agreed to accent oil
IN payment for The equipment. Five
of the engines in TIE shipment were
equipped with oil-burning apparatus
o. the exclusive use Of oil as fuel.
this being the first instance of anv
American >ystcm of oil-burning loco
mouves On the railways OF Southeast
crn Europe. The remainder of the To-
comotives Will be equipped for burning
combination of native Ignite and
oil. This is not an unusual practice on
Rumanian locomotives.
New-York tribune., 1920-10-03
Maxwell-Chalmers Prospects

j. R. Harbeck, vice-chairman of the
readjustment committee of the Max
we'll Chalmers companies, states that
after giving effect to the reorganiza-
ton plan these concerns will be
placed in an extremely fortunate posi-
tion to face the reductions in prices
which they have announced. "The re-
ceipt of S15,O0O,O0O of new money by
the MAXWELL Chalmers companies and
the funding of s15,294.o0O indebted
ness over three years. he says, per
mits the company to show current
asset position superior to many Of the
substantial companies in the indus
try. Current assets, as compared with
current liabilities, are in the ratio Of
51a to I. Current assets, after creation
of additional reserves amounting to
s5,000,000, amount to S56663 900, while
current liabilities amount to s10,226,-
600. The companies receivables and
inventories are believed to be more than
adequate to liquidate the entire de-
ferred obligations. Substantial liqui-
dation approximating S7,cOO,0o0 in
amount has already been accomplished,
while the new prices should stimu-
late further liquidation of stocks OF
cars on hand"
New-York tribune., 1920-10-03
The Public Itilitie.

The last week has witnessed for the
first time since the war a definite re-
Ylsion Of speculative interest in public
utility securities. These issues aro
being helped by the wave of price-cut-
ting sweeping the country, as it will
afford the owning companies an oppor.
ttunlty to purchase their supplies at a
lower cost. Then again the campaign
conducted in many cities for higher
1ares is bearing fruit. At a luncheon
III the rooms Of the Midday Club last
week John Il. Pardee, president of the
american t1' hallway Electric Association,
told special committee studvinr tbs
public utility situation that annrox;.
mately 500 cities of the country now
have higher than a scent fare. or
TINS number eighty-one cities have
lo-cent fare and between 200 and 500
cities have and cent fares
New-York tribune., 1920-10-03

went above 80 cents a gallon. But If
the price is considered high here what
would they think of England? Case
line consumers of the British Isles have
just had to meet another upward re-
vision in gasoline prices, and the pres
ent cost Of the best quality of gas.
known as aviation spirit, is s1.17 gal
lon in American currency, according TO
the Oil City Derrick For first grade
gas the English are paying Slip gal
lon, for the second grade 81 and for
benzol SO cents. These prices repre-
sent an increase of to II cents over
the midsummer prices. In 1896 gaso-
line sold IN England at the equivalent
of Is cents a gallon. Ten wears later
il had risen TO - cents and in 1915 bad
gone to 80 cents.
New-York tribune., 1920-10-03

noa, as further emphasizing the~Reed of
xV'I facilities at Karachi for the hand
nms s OF wheat, Consul Richardson
een.i Gaoses the opinions of experts as re-
S;sns'y expressed before the Indian sec
s,o.. ,,o. 9i the Royal Society of Arts. 1t is
eva sys'eu mat 100000 tons of wheat were
vaad ported from Karachi during one war
ter. e@' on OF, a completely antiquated sys-
eym Vm though this IS not the normal
e~pO.' e~port' midas wheat production and
anS S'i. may be expected to increase,
sb",,, o the introduction of elevators
hsbmao hSsao properly begin with the estab
Of f;'iK,aeht Knht Of such facilities at the port
New-York tribune., 1920-10-03
Goodyear Financing Near

Information received in the financial
district yesterday indicates that prog
ress is being made in the negotiations
between the Goodyear Tire and Rubber
Company and Chicago bankers for new
financing. Chicago advices intimated
that the tire company would obtain a
loan of S25 100000 in the form of three
year Z per cent notes, the issue to be
underwritten by the syndicate of Chi
cago bankers. 1t was known here sew
eral days ago that the company was
holding discussions with the bankers
relative to financing.
New-York tribune., 1920-10-03
Gold for Reserve Bank

The s9,50o,oo0 in gold arriving here
on the Baltic on Friday represents the
hrst shlpment OF gold earmarked with
the Bank OF England for the account
OF the Federal Reserve banks. The
gold has been delivered to the United
States Assay Office for the account
of the twelve Federal Reserve banks.
which share in it proportionately
New-York tribune., 1920-10-03
Car Building Reyiyes

The latest report of the United
States Bureau of Labor Statistics an
employment in selected Industries
shows promising advance in ACTIVITY
on the part Of the car building and car
repairing establishments in August
iias1' as compared with the correspond
ing month year back. For forty
este abllshments an increase OF 224 per
cent IS shown in the number on the
payrolis and of 74.s per cent in the
amount of the payrolls. The compari-
son between August, 1920. and the pre-
ceolng month shows an increase in the
numoer on the payrolls OF 3.5 per cent
OayrOli W.
New-York tribune., 1920-10-03
To Open New Branch

The William Street branch of the
Fidelity international Trust Company
will be opened tomorrow at 110 Will
liam Street, corner of John Street.
Vice President Charles F.. Blackford jr
will be in charge and Assistant Secre-
tary Kenneth D. Hull will manage the
new business department. The new
branch is on the exact site of the his
toric Battle of Golden Hill. January
IS, 1T1O.
New-York tribune., 1920-10-03
4, equipment for Paper Mill

fiv;nO oHiy paper MIL in Sweden de-
tricass It's steam exclusively from cleo
snd "' energy is Vargons paper mill
fars u suiphite factory. This mill, be-
burni1s i1s coal burning power plant
tona eo down last year, required 10000
wh;.. OF fuel year The power plant
ina. isn replaces the one destroyed has
viii oeen completed and is equipped
wh;a, seven electrically heated boilers.
ire i,'m n a develop the steam for the en-
New-York tribune., 1920-10-03
Canada Favors Tariff

Canadian commercial and industrial
interests strongly favor the mainte-
nance Of protective tariff, and their
case has been presented in a series of
hearings held in various parts of the
Dominion by the Tariff Commission.
Summed up briefly, the Canadian Man
ufacturers' Association has made it
plain that it feels that while 4 tariff
revision is long overdue, it must still
have protection from foreign industry
and is reaffrming its advocacy to a
policy of adequate protection for
Canadian industry. The objects of the
protective system, which it insists
upon, are to diminish as far as possible
the importation of goods from foreign
markets which could be produced at
home; to facilitate the i yortation OF
raw materials for manuf; lring proc
esses; to encourage the )ortation Of
Canadian goods, and to make Canada
self-contaned by developing and en-
couraging, within her boundaries, all
legitimate activities which will give
employment to her citizens The Cana
dian farmers are asking for revenue
nrOducinr tprifT
New-York tribune., 1920-10-03
London Money Marker

LONDON. Oct. Bar silver. 5so.d.
per ounce. Bar gold, l1Ss id. Money.
o's per cent. Discount rates Short
bills 6.sG 6 L ner cent; three months
bills, 6@4 q 3 per cent. Gold premium
II Lisbon 10
New-York tribune., 1920-10-03
To Manufacture Motor Cars

Aktiebolaget Thulinwerken has dis
continued the manufacture of aero
planes aud will begin to turn out auto
mobiles and motorcycles. 1t is re-
ported that the sample machines made
and exhibited by this factory have re-
New-York tribune., 1920-10-03
The Sinclair Note Issue

The unsold portion of the 5O,Oo0,o 900
Sinclair Consolidated five-year ia per
cent notes that was taken over by
group Of banks at the expiration
Of the syndicate agreement on August
II We're all disposed of by the close
OF last week. An estimate made last
August of the amount of the notes
that remained unsold, made at the
expiration Of the syndicate was So
100000. It is understood that this
total, however, was slightly above the
actual figure.
New-York tribune., 1920-10-03
Poor Year for Dive Industry

The annual report OF the Swedish dive
industry for 1919 shows a loss OF 1925
o67 AS result the company has given
up all plans Of large scale prouuction.s
New-York tribune., 1920-10-03

crowns. To date the only automobile
produced in Sweden is the Scania-
Eaols car, made by the company of
the same name,
New-York tribune., 1920-10-03
Stocks Ex Dividend

hate. 'onpany Per ct-
OCT II American Ice CO ...........
ct - ANN Shpbids Co...-..s'A x -.
Oct 10 do ~ ....-.............. ...-. ?.
Oct 5--consolidatad TeAt.c Corr.
ocl Corn Prdcts Rclng Co.l- cr
D''- 90 " -----. ..-..l
oct. 13-I'alr,ous Plyrs Ishy Crp IF ?
Oct Gen Mot G stS 40 81. cash. 4
oct. o. do III ...-..... - !,
oct . do per cent lebenture. ~
Oct. D. DO per cent lebcuture..... =
Oct 9-li@rbison-W Rfrc Crp pf . 4
oct. S-lnspiration Cons Copper Co..
Oct s-Pittsourgh Coal Co. Ps....... : =
Oct. g do pf ....... ................... ] n
oct. l5-Rcpublic iron Il steel-........ =
oct 5-Timea So Auto : CO. Inc. TEN =.
oct. 5-United Alloy steel Corp.
Oct Iva caro- Chem .-............
Oct. 5-Worthington p & ii co 1 G.. g,
New-York tribune., 1920-10-03
I'm w all Street
The High Priced Rails

While the bulk Of the advance in the
railroad shares since the enactment of
the new transportation act and the pro-
mitigation of higher rates has been in
the low-priced issues buying activity
within the last few days has been CEN
tered in the higher priced stocks. Pur-
chases yesterday were on larger scale
than for several months and brokers on
the floor Of the exchange reported that
they were "hard to buy New highs for
lantic Coast Line, Great Northern, New
York Central. Norfolk & Western,
Northern Pacific and Union Pacific. The
largest individual gain was made by
Great Northern, with an advance of 5 5&4
points. Reading at 96A was within an
eighth of the years high.
New-York tribune., 1920-10-03
Expect Sears, Roebuck financing

The next important piece of industrial
financing to be foated is expected to be
an issue of notes by Sears. Roebuck t.
Co. The amount mentioned in local
banking circles is s40,000,00O. Chicago
bankers will probably participate in
any underwriting arrangement that
may be made. Note financing by the big
mail order house will be unique, as the
company at present has no funded debt.
Of the authorized s10,000,OOO preferred
stock S8,000,O00 is outstanding. The
common stock was increased from $75,-
100000 to $105,000,000 on June to PRO
vide for the declaration of 30 per cent
stock dividend. Reports have also been
current in financial circles that Mont
gomery Ward & Co. are contemplating
new note financing, but this was denied
by the management yesterday in Chi
cago dispatches.
New-York tribune., 1920-10-03
Three Attractive
Groups Of
Securities

A booklet we have just prepared
analyses the effect of present in
dustrial conditions upon three
important groups of securities.
This booklet also contains i'm
portant statistical data and esti-
mates of future earnings, which
should prove of interest to in
vestOrS.
Booker 4 G-3 on request
New-York tribune., 1920-10-03
Here and There

Reports of a possible reduction in
the price of crude petroleum and re-
fined products have been hailed with
delight by the automobile users of the
country, who have chafed at the high
prices for gas ever since the quotation
New-York tribune., 1920-10-03
Silver Market

Silver-London. 5SAd; New York
domestic bar, 99ls; foreign, 91c;
s'~,i~,~ i~1'0~r Go',c
New-York tribune., 1920-10-03
VI J ater front properties,
wv Factories & Factory Sites
,, Floyd S. Corbin, Specialist
midas Need of Grain Elevators

oi@i Rector. 10 Wall ST.. New York.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-03-24
THE BUILDERS.

We Build.
That is the motto which has been officially
chosen by the Kiwanis Club. its very own.
The word Kisanis means 81 Trade" And trad
ing and building have always gone together. hand
in hand.
The Kiyvanis Club is young organization,
but the principles which it was founded are as
old as the everlasting hills.
Here in Pensacola 1t took its place. full grown
from the very start--a young giant, vigorous and
iusty and quick with the spirit OF fellowship.
Here is what The Kiwanis Magazine has to say
Of what Kiwanis really means to the members, to
the community and to the nation:
Kiwanis sprang into its real being, found itself
coincident with the great world war.
In all the great drives for war loans, for funds
to back charities and to help the soldiers. XII
wants built both in the United States and Canada for
patriotism for love of flag and built for love Of the
country that flag stood for.
In all district conventions and through
district organizations Kwans has built for love Of
state province, and has built for the love of all
the best traditions of the locality in which these
district organizations function.
In every city which has a Kiwanis Club. that
club has built steadily for civic pride In its work
for recreation grounds for pure politics. for better
housing and living conditions, for Safety First
movements and for every charitable institution of
which the city boasts Kiwanis has made the cities
in which it exists better cities to live in Building
for civic betterment has been the big outstanding
feature of the movement everywhere
/ Kiwanis has everywhere built for better business
standards 1t is building daily in the minds of
business men that competitor is a man to be
learned from. rather than to be hated, to cooper
ate with, rather than to quarrel with and its bust
ness ethics work has builded for better standard
among business and professional men everywhere
So. too. has Kiwanis built up the personality of
every man who is one of its members. 1t has taught
him that he need be tied to the leg of his desk
that it pays in actual cash come out of his shell
and mix with other men, receiving the hearty hand
clasp that goes with the who calls him by his
first name and eliminates the Objectionable Mister
So in their wisdom your International Officers as
sembled recently at Chicago have adopted less
horde who in these times of reconstruction are ICON
oclastie in their tendencies striving pull down and
to destroy the existing order of things
We Build in Kiwanis
We have the right foundation of principles in the
kiwanis idea and that foundation we have built
in the past are building in the present and will
build yet higher in the future build higher than the
most optimistic dreamer in the organization today
can imagine.
with one single purpose today-tomorrow fifty
thousand and another gay a hundred thousand means
an influence for good in the world which can and
VIII build sentiment in favor of the Kiyvanis
idea which will permeate every Granny and corner
| Of our civilization and be big work good work
Gods work.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-03-24
Do WOMEN WANT EQUALITY?

The Times-Union, always bitterly opposed to the
franchise for women, has taken a letter published
by an anti-suffragst in the New York Times, and
an editorial in the same newspaper as a Nxt for
an editorial expression against woman suffrage
| The caption under which the Times Union edi-
torial is published is do Woman Want Equality p"
and the editorial says: THE question as to whether
women really want equality with men is very i'm
porant and interesting at this time, when it seems
practically certain that the nineteenth amendment to
the Constitution Of the United States will be ratified
by the required number of legislatures within a
short time. A woman writer in the New York
Times recently declared that women in that state
did not want equality. To prove her statement she
showed that while certain crowd of women wanted
to vote and to hold office they also wanted to be
considered different from men in practically every
other particular and demanded special attention
privileges, exceptions and favors."
Throughout the long editorial in the Times
Union, most of which is the opinion Of the anti
suffragist writing to the Times and the opinion of
the editor Of the Times. an anti-su suffrage paper
there is absolutely nothing to prove that women
either do or do not want the vote-like most anti
suffrage editorials it is merely one persons
opinion.
But facts are very much more potent than opin-
ions. AS a matter or fact If the New York women
do not want the VOTE they are certainly a queer
lot to work they have worked for something that
lney 90 not want L spent six months in New
York. when the suffrage fight was at its height |
visited suffrage headquarters. and marched in the
last great suffrage parade which was headed by the
| late Dr. Anna Howard Shaw. then nearing her
eighties: forty blocks and more she marched and
thousands of women with her. eight deep down
Flfth Avenue from way below Washington Square
clear up to Columbus Circle.
| talked to many women in New York about suf
frage, and in every instance found that the business
woman, the woman Of affairs, the woman who was
interested In work. In philanthropies in cvics
was for suffrage The woman who was given over
to frills and frivols, and there were few of her j.;
that summer of 1871 usually Indifferent
To a woman who is familiar with the xvon,on
suffrage question. who has spent years in its std,
there is something almost pifu in the attitude :,
some men-and 1t may be said that good MANY os
these men seem to live in Fiorida-when II eornos
( to the vote for women
Nothing so aptly fits their state of mind as .as
rich- minded" They absolutely refuse to face The
truth. They discuss suffrage as if IL were Some
thing quite new. with all the gravity in the world
In spite Of the fact that year after year state afe
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-03-24
(Ciip and past this in your scrap books.
Copyright 1919, New Era Features.
WHAT HAPPE NED MARCH PATH.

Roisel; opposition against thS
velopes into strong counteI
near Beaumetz-Presiden Wilson
American official and relief woiy
out of Belgium; puts no faith In Ger
man promises.
1918.
Germans push on in south taking
Peronne and forcing Somme crossing;
they are checked in north but gigantic
battle RACES at Bapaume; st. Quintin
also a storm center: Chaunay cap
tured from French and American de-
tenders: Germans advance 10 miles.
taking 10000 prisoners and 500 guns;
French locate gun Smelling Paris at
point rs miles distant.
1919.
Nineteen Spartacide agitators ar
rested by American military authors
ties at Coblenz; planned strike against
us-Kolchaks troop win west of the
Urals; push back Bolsheviki 20 miles
on a 80 mile front.