davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
Exceeds British Oil Output

Commenting yesterday on the recent
statement of Sir James Cadman, adj
wiser to the British government il,
matters pertaining to oil, that Great
Britain produces A IL per cent of the
worlds entire oil output, F. w. lie
Porin, security sales manager of
Henry L. Doherty & Co., stated that a
single American company, the Cities
Service Company, produces through its
subsidiaries as large share of the
worlds production as the entire Brit
ish output. "There is at present very
keen interest in oil securities in
Europe" said Mr.: LIE PORN, who re-
Gently returned from a trip abroad
coil is the one thing in which there
is the widest speculation, restrained
of course, by the stringent government
regulations which are the rule over
there"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
Trading Continues
Dull on the Curb;
Prices Hold Steady
Professionals Operate ON
Both Sides of Market;
North American pulp Is
Depressed; Interest Low

Curb market trading continued dull
yesterday with little outside interest,
and most of the activity was confined
to professionals who operated on both
sides of the market. Lack of demand
tended to prevent upward movements
virtually throughout the list, and, with
almost all bids placed under demanded
prices, sales were often made at re-
cessions.
The professional element took ad-
vantage of the situation to exert pres
sure against North American Pulp and
Paper, which had enjoyed an upward
swing, and lack of support caused a
fractional decline, breaking under Z.
Most of the other industrials were
steady at prices ranging near the last
sale OF the previous day, and no effort
was made to drive values down. Sub
marine Boat, United Retail Candy and
Indian Packing, ordinarily active, were
IN light demand and sales were made
on the narrowest fluctuations. General
Asphalt showed an improved tone.
The petroleum group was almost as
stationary, lew stocks moving one way
or the other. Simms was strong for a
time and moved up fraction, but In
vIncible Oil, Internatinal Petroleum,
Maracaibo and several others failed to
attract attention, with the result that
prices were practically the same as
those made at Thursdays close.
bonds were comparatively active,
however, considering the dull market,
but changes were small.
F: H. Bethel, vice-president of the
White Oil Corporation, issued this
statement yesterday: "The Grown OIL
Company indicted by the Federal grand
jury is in no way connected with the
Grown OIL and Refining Company of
Texas, a subsidiary of the White Oil
Corpora ton"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
Shell Transports Earnings

Net profits of the Shell Transport &
Trading Company in 1919 were ga
1880, compared with f2.771,903 in
the preceding year, according to ad-
vices received here yesterday by Jo-
seph Walker & Sons. On the basis Of
81 to the pound sterling last years
earnings were equivalent to $1S,S53. $50,
against ,0S7,612 in 1918. Holders of
She'll Transport American shares who
wish to subscribe to the new dollar
stock nave been advised that they
must pay $40 for each new share on
or before August IA for the purpose
of covering the subscription price at
the then existing rate of exchange and
other expenses
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
In Wall Street
Open Market Gold Coming To-day

The Mauretania. due to arrive 1t
tbs port to-day, is understood to be
bringing s2,00O,000 in gold consigned
to New York bankers. This is probably
open market gold, which has been sent
to Kuhn. Loeb & Co. 1t was reported
further that the Olympic, which has
just left the other side, is bringing
gold consigned to J. P. Morgan e. Co.
for the account of the British govern
ment in connection with the Anglo
French maturity. Neither of the bank
ing firms had official advices that it
was to receive more gold.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
American Wooden Rights

Although American Wooden common
has been selling for some time under
par, the price at which share holders
may subscribe for the new $2O,000,O 900
stock until July 7, there has been a
more or less active market in the
rights" which yesterday sold at Il
Although technically the rights" are
worth nothing, brokerage houses re-
port there has been considerable specu-
lation in them, on the theory that at
their current selling level they provide
a call on the stock during the period
of the subscription privilege at cost
of SIS, plus commissions. Should the
stock sell above par before July 7. the
"rights" would not only appreciate in
value, but the buyer would also be
placed in position where he could
sell his "rights' at profit, or sell the
actual stock and buy it in at par. actual
delivery to be made when he has re-
ceived his new stock from the company.
The rights" shortly after the an
nouncement of the new financing, sold
as high as 1as.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
Break i'm Cotton
After Small Gain
Records New Low,
Rally Is Followed bv S.
we're Decline in New CroD
Months, Although July
Contracts Sell HIGHER

There were violent fluctuations !,
the cotton market yesterday, sbsrn
early advance being followed bv
break which carried new crop month,
into new low ground for the movement
October contracts sold off from 33E
to 1910 and closed at 1928, with tbs
general market closing steady alta ne,
advance of 40 points on July, but gen.
orally 70 to 80 points net lower.
The feature of the earlier tladip,
was the development of rather uney.
pected strength in the July position
Notices estimated at between 5000 and
5000 bales were reported in crcula.
ton and were supposed to represent
the lower grades in the local certf.
Gated stock. There was a good demand
for the comparatively small volume Of
liquidation and later it seemed as
though there was some competition for
the cotton. At any rate after selling
at $3.50 July advanced to 1920, or
SIS points above the closing price Of
Thursday. Buyers of July, in many
instances, sold October, but new crop
months opened at an advance of 10
10 points and sold about Il to q
points net higher before the end Of
the morning. As soon as the demand
for July tapered off and scattering
shorts had covered, however, the
market turned easier owing to con,
til4ued good weather and crop reports
and unfavorable trade advices. The
latter included private cables claiming
that short time was inevitable in Ian
cashire and for time the market Wa
particularly weak with new crop de
liveries selling 40 to 90 points net
lower. July also eascd off, but rallied
quite sharply in the late trading, and
there were also fair recoveries in the
later deliveries on renewed covering.
At the low point Of yesterday 0cto-
Der contracts showed a decline of about
four cents a pound from the high price
of the month and of 273 points from
the best price touched on the rally Of
last Saturday. Naturally enough it.is
supposed that a considerable short in
terest has accumulated on this decline,
which has been due to improving crop
prospects and depression in the textile
industry. Because Of this, some traders
are predicting more frequent rallies
but there was great deal OF bearlsn
talk around the ring late yesterday and
the action of the days market showed
an inclination to sell on advances.
Southern spot markets as officially re-.
ported were 100 points lower to ~
points higher, with mddling quotations
ranging from $4,000 at Forth Worth
to ALSO at Savannah.
The local market for spot cotton was
quiet and unchanged at Alps for milo
ding upland; no sales we're reported
The range of prices follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
Money and Credit

The strain which has existed in the
Wall Street money market the past
week eased slightly yesterday and the
call money rate, which advanced to II
per cent in the early afternoon,
dropped back to per cent at the
close of the stock market session. The
renewal rate was also 9 per cent, the
highest since May 3. The drop in the
rate was attributed to a lessened de-
mand from brokers who had earlier
in the day negotiated the bulk Of
loans needed to carry them over until
Monday
Yester- Year
Call money day. ago.
On mixed collateral. 8
On industrial GOLIATH 9 61s
Time money (miXed
collateraO.
N inea day days. $685. ss1s 5 S4
-Four months. ...... .8@82 81 @6
Four to six months $751; 5% M6
Bank Clearances-Bank clearings at
New York yesterday were: Exchanges,
s710,S11, $3.50; balances, $65,868,041.
Silver-London, 50Ad; New York
domestic, ss1zc; foreign, eoc; Mexican
dollars, 68%c.
b-Treasury-United States funds
Reserve credit balances, $6O,296,861.
Canadian Exchange-New York funds
in Montreal, s141.S7 premium per
81 900; Montreal funds in New York,
$12425 discount per $1,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
When Contraction Will Come

Until the railroad situation i'm
proves sufficiently to afford an ade-
quate physical basis for the prompt
liquidation of commercial and agri-
cultural credits" says the National
Bank Of Commerce, in it's monthly
organ, "the increased discount rates
adopted by many of the Federal Re-
serve banks can hardly be expected to
do more than check further borrow
ing; thereafter, they should be a
strong influence in effecting curtail-
ment of outstanding credit, in prepara-
ton for the heavy autumn require
,,,onfc
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
Obviating Gold Shipment

Although few bankers warn that
estimates of the expected additional
gold flow from abroad in connection
with the Anglo-French maturity OF
$5O0,000,0O0 are too large. most OBJ
servers agree that further use of gold
by Great Britain and France will be
needed to pay off the loan on October
Is. 1t was pointed out yesterday that
instead of shipping all the gold needed
serve banks to place gold to their
credit in London and draw against ii
in New York.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
Copper Prices in London

The speculative decline of copper in
the London metals market has had
little influence on the prices quoted
by American refiners. Foreign pur-
chasers who want the metal must pay
the American price, 1t Is pointed out,
as the supplies abroad are slight and
the quotations represent mainly paper
quotations. The decline in London has
amounted to about cents a pound in
the last two months and is attributed
largely to technical conditions of the
money market. The London price is
based on unrefined copper.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26

PARIS, June 25.---Priccs moved ir-
regularly on the Bourse to-day. Three
per cent rentes 81 france 81 confines.
Exchange on London al francs 81
centimes. Five per cent loan SO francs
% cert!nses The dollar was quoted at
IL francs 8 confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
After the Fourth

scribed the market for bills as fla.
and expressed no hope of change
until after the Fourth of July. Ordi-
nary buyers of acceptances are now
preparing for middle of the year pay
ments. Until 3 few days ago the de-
mand for acceptances was fairly active,
despite the tightncss of money con-
ditinns
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
London Money Market

LONDON, June 25.--Bar silver 50h4d
per ounce; bar gold lo3s I'd. Money
AZ par cent. Discount ratos-Short
bills 8M per cent; three months bills
9 lite per cent. Gold premiums at
Lisbon lao.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
Dividends
Extra

Corn Products Refining Company.-An
,Stra dividend OF "a per cent a share has
been declared in addition to tho regular
quarterly dividend OF / per cent, and -.
p"r cent on the preferred. the extra and
common divide nd payable July 20 to
stockholders OF record July 6. and tho
p pr payable July IS to stockholders
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
L. s. Buys slO8. 900 in Silver

wAeHlhGTON, June a. Purchase
4 J1s 900 ounces Of siIysY st 81 an
VINES for delivery At New York. Phila.
: alpha end san Frapeises was an.
ssnse to-day BY tbs dlYesssr Of tbs
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
Texas Pacific Coal and Oil

The Texas Pacific Coal and Oil Com
pany has opened a new gas field in
the vicinity of Dallas and Fort Worth,
which it is expected will furnish a
large part of the gas supply for the
two Texas cities. Interests of the
company said yesterday that three
wells have been brought in on leases
which are approximately a mile and
a half from the boundary line of their
fee lands. The Lone Star Gas Com
pany has made contract to take prac-
tically all the gas that may be de-
veloped and is rushing work on con-
Meeting line between the new gas field
and it's main line According to the
company's biologists there are indca-
tions that this field will be productive
of oil as we'll as gas and test we'll
is now being drilled on the Texas
Pacific fec
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26

unchanged. at SO soc; sales, l55 bales New Ns,
Orleans quiet. rs points lower at S s.,.,,
sales 444 bales. Mobile nominal, % POM arr'
lower at 80 Csc; sales. nil. Savannah h, ~
Charleston steady. unchanged, at ao,'' :,
sales. nil Augusta quiet UNCHANGED ~ "a
4125c; sales. nil Memphis STEADY ~ :,
points lower at 4oc; sales, $50 oaiee .s H..
Louis steady. 100 points lower a. al a;
sales. nil. Houston steady. unchangs.u "a
39c: sales. 2.ols bales Dallas STEADY; st.. S.,s :.
points higher at 8s.1oc; sales 70 Pie lie:
Fort Worth steady, unchanged ~ ''''
sales Ats balea
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
Peaceful Penetration

Jugo-Slav currency, like that of other
Central European countries, has risen
in recent weeks in terms of the Ameri
can dollar. During the winter those
exchanges were so depressed that almost
any movement would have had to be
upward. The squirt, amounting to about
$50 per cent, has been facilitated by
fairly large purchases of the currency,
which was used to acquire properties
in the Jugo-Slav districts. There has
been quiet penetration of American
capital into Central Europe, and par
ticularly the component parts Of the
old Austro- Hungarian Empire recently.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
Liverpool Cables-spot cotto

Liverpool Cables-spot cotton dun s :.
points decline; middling 2eSso. ann. nops
5000. American. 1000, Imports. wv. a 70
American. Futures opened easy, q, 3
80 points decline. Closed STEADY lid
net decline OF to 80 points. !uiy; lam.
October 22.37d: December. "a soa,,sster
airy, 20.esd; March. 20 i6d. Anil sri
Yarns in buyers favor; cloths ou"
easier.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
The Dollar in Foreign Exchange

The European exchanges held steady
yesterday, and the fluctuations were
within extremely narrow boundaries.
French francs and lire were a trife
easier, whereas pounds were un-
changed. Marks were frmer
Yesterdays closing rates, compared
with those of week ago, follow:
Quoted dollars to the pound)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26

.unlialesl lseila cents per ahArs.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26

created from their territory, and how
'aush will be retained by the govern
nents operating under tho former
tiles Of Russia, Germany, Austria,
hungary, Turkey. etc. cannot be de-
errnined or even apDroyimated."
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-26
Transactions Yesterday in Listed Stocks
Record of Stock and Bond Averages

Copyright 1920 New Irc)
thus
Capital journal. (Salem, Or.) 1919-1980, 1920-10-08

the Oregon department until pro-
vision had been made for the ifri-
CATION Of all oregon lands adjacent
to these basins.
other applications for water
right have been filed with the state
engineers. office as follows: -..
r. N. Nelson OF Garibaldi, Ore
gon. covering the appropriation of
water from Canary Greek for do
mestic supply.
\ Frank sullivan OF Canyonviile,
covering the appropriation Of wa
ter from Canyon Creek for irri-
CATION OF small tract in Douglas
county.
L. e. sp.iager. J. f. Springer
and VIM. Palss.aye, Of Dufur, COW
ering tn. appropria jon of water
from Fifte.e Mile creek for irriga-
ton OF fifty acres ia Wasco coun-
.ty.
Brogan Irrigation district OF
Jameson, Oregon. covering the
storage Of waters Of Willow creek
and its tributaries, Pole creek.
Blacks creek, Rhodes, Canyon and
Cow Valley creeks, Mormon BASIN
creek, Lost Ditch creek and GAS
cock creek for the irrigation
near Jameson. Oregon. Malheur
county
VIM. s. Hoffman of Dayville, ore
covering the appropriation OF wa
ter from John Day River for irri-
CATION of small tract in Grant
county
Capital journal. (Salem, Or.) 1919-1980, 1920-10-08
Oregon Projects
Get Preference
OF Water Rights

Application for permission to
store 100000 acre feet OF water
In the Upper klamath lake for the
irrigation or 10000 acres in Cali
fornia was filed with State Engi-
neer Cupper Thursday by Roy r..
Swigert. president Of the Shasta
Valley irrigation project OF Mon
tague, California. A short time ago
Swigert filed an application with
the Oregon engineer covering the
appropriation Of 1900 second feet
OF water from Klamath river COR
irrigation purposes and power de-
velopment. This new application
contemplates the organization OF
an Irrigation district which will
enter into contract with the U.
8. reclamation service for the me-
cessary surveys and construction
work.
In a statement given out recently
state Engineer Cupper declared
that no applications for water
rights for California projects would
be given favorable consideration by
Capital journal. (Salem, Or.) 1919-1980, 1920-10-08
MnlheuY~ Bird Refuge
Measures Should Be
Defeated, Man Thinks

II tho Maiheur bird refuge meas
ure passes the November election
A77.0O0 acres Of land will be forev-
er removed from the possibility OF
taxation and at least 10000 acres
Of good, agricultural land will be
taken from the resources of the
state, accordingto Percy A. Cupper
state engineer. Cupper- estimates
the value OF land involved in the
bird reserve at q minimum of $30,-
900 under present conditions and
points out that the movement in
wolves the absolute gift of this land
TO the federal government at the
\ expense OF the states irreducibie
school fund, without exacting one
single penny in return.
Quoting from statements credit
ed to ". w. Nelson Of the United
States Biological survey to the rr-
feet that 1000 tons of marsh hay
were cut from the lands in Malheur
lake during the past summer, Cup
per declares.
The fact that 1000 tons Of
marsh hay are now cut from this
area would seem conclusively to
prove that the Maiheur bird refuge
measure seeks TO give TO the feder y
government a valuable asset of the
state which should properly en-
hance the public school fund.
III this land iS of value for the
production of marsh hay 1t must
certainly, be OF much more value
for the production Of grain to
which II is well adapted as shown
by the, state fair exhibit OF grains
grown within the meander line of
the lake. This grain attracted con-
siderable attention and served to
effectively disoredit the oft-male
assertion that this land WIS valu.-
less from an agricultural stanl-
point
According to Information recs-
teved from the Harney Basin Irrit,a
tion district which includes some
82B.0000s acres OF land in Harm ~
valley the irigators OF that section
are a unit against the measure. The
engineer advises that he recently
visited portions of Malheur lake
and found excellent, crops growing
within the meander line.
IT would seem to be a serious
mistake on the part Of the state OF
Oregon to give this body OF fine
land to the federal government,
particularly when we take into con
sideration the fact that any plan
which has so far been considered
for the reclamation of the bed Of
Malheur lake would provide for
the diking of large area which
could and should be maintained as
q bird refuge.
II believe those who desire to |
see the measure defeated are al |
most TO man favorable to the
of a part of Malheur |
lake as a bird reserve.
THE state board, composed of
the governor secretary OF state and
the state treasurer has-full juris-
dictions over the state lands and
has gone on record in opposition to
giving Malheur lake to the federal
Capital journal. (Salem, Or.) 1919-1980, 1920-10-08
County Court
Proceedings
Roads and Highwnys


Accour, -. % ""'s,
parker q pnn,,s,, 49, Llhn county
for br,dra n,nu,, p'S '''en,
Parker & panfield navnant ;''-V-V
fnr hn,.,,a 'eIu, pay 'neht
| rs p wors - los2's SO
Eisbar
| n,shon = - 80 '"'',oer ',',-'.--'zos'e5
anai,, 'Preau'ns
sishon I,es es'' h.,,;,,, ,,,.,,;,,,,,.-,'' 22'oo
81. etc ~
Erans - r, '''''''' 4os'So
I,a,,a,,. ~ -, stauiis --'-'- 500
ing waiter scrap ,oo
Niast un,n,, -.'.'.--'-',.,.'',' -''.', -, i4'Vo
gravel S'Fs'''ns ,ooo
sn,ncsan ',o,,,,,..'.----'',,-,,-,,.'.- v, 1000
wort e'' o'''se
snyder, p. j. bridvs so,.,, a'oo az
Wsner, -, 49, ''iuee WorN M lV'oo
bridge. etc ~ 'sp@'r'"S o,oo
wnstar cao.x. ,.-., ,,.,..''-''' --'oo
zin,n,an,, ns0' se' ,ui'iper - 500
inc hr,an. -. ." ''P'''
SNYDER &C na..o,,., d'vo
no,s ~. - .'.,'",,,' 10 AS''oo
Drager. d. O. advartiss
menA fo,. .ont,, 90.
ground ,oo
Rood n,s,.,at ~ AV'VV
Davidson Jobr 'ranatn;,
culyerfs
Kirk r. n Nov beam 80 80
Picard Iobn Frasnn 'V
pairing ...,...,...,.',..,.......... .75I
Davidson. w. r. natroIran 80
Road Dis,,ic, NJ NV
Great Rend r,nn,har - |
pany. lumbar E-so
Fra,k haulin. - WV
vel okool
psooa n,s,,,.s., -
Harper. Rlaph' haul,ne
gravel .-..........-....-..... 1os 40
y
Capital journal. (Salem, Or.) 1919-1980, 1920-10-08

A recent and charming portrait
Of the beautiful Nine. Berthelot.
wife of the French Minister OF
Foreign Affairs. Nine. Berthelot
Is noted as a social worker and
~ exceedingly popular in the
French- capital.