davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-10-25

o""'y speaking, advances to the
grain farmers are made by the local
banks, by local grain buyers on guar
aneeed minlmums, and by represents
ntlves of limo elevators and milling
concerns.
again speaking broadly, the parral-
lels for cotton are the advances made
oy the local storekeeper and banks
and by the so-called cotton broker on
Il guarantee, of credits for the grower.
AS we'll as similar advances made by
representatives of large cotton mer-
chants and sometimes representatives
OF mills.
Weakness in Cotton
From the bankers standpoint, ad-
vances for the movement of the grain,
are, generally speaking, much better
secured, so far as the bulk of the total
movement is concerned, than in the
case of the cotton, although the actual
financing machinery used for the diff
ferent segments of the movement of
both commodities to final manufacture
or disposition are identical in prin-
ciple
The weakness in the cotton movement
lies in the lack of warehouse facilities,
ire gularity Of warehouse receipts and
irrcgularity in the description of the
grade, quality and weight of the cot
ton, as compared, in the case of grain,
with the extent of warehouse facilities
and the regularity, defniteness and Sc
curity of the order bills of lading and
the various warehouse receipts.
Inc grain or cotton merchant ubO
fails TO hedge is speculating, and where
the bankers customer-the dealer
in either of these commodities, reg
ularly and Systematically hedges his
transactions, the banker has q right to.
and does. feel greater safety in any
advances he may make.
Hedging itself is a simple operation.
Suffice 1t to say that. each buyer in
turn-local grain merchant local ele-
vator, line elevator, terminal dealer
as he makes purchase of actual grain.
sells future for a like amount, and
when sale of the cash grain is made.
buys future to match or close out the
future sale made at the time of pur-
chase.
Reserve System a Factor
Prior to the advent of the Federal
Reserve system, cotton loans were
'""uc' as Il RUE, III tne form or Ordl-
nary notes, and these again were used
as collateral or rediscounted by the local
banks with Eastern correspondents. In
sufficient effort has been made to place
cotton and its storage on a basis of
credit in form that would be readily
marketable on it's own merit although
the Federal Reserve Bank system, bv
encouraging the use Of trade and bank
ers' acceptances and of uniform ware
house receipts, has aided in creating
an open discount market for cotton ac-
ceptances which affords substantial en-
couragement for investment of capital
and bonded warehouse enterprises.
With the pressure Of the credit
strain, with the difficulties of price
Gefation definitely started and gather
New-York tribune., 1920-10-25
DIVIDEND NOTICES
BEADING COMPANY
General Office, Reading Terminal
Due October Is, 1945

III
General Office. Reading Terminal
Philadei iphla. october H. 1870
ms BOARD of Directors has declared
frOn the net earnings a quarterly d4x.dend
o. o. '"o per cent. (zss) on the Common
2'ocH OF the Company. 70 be paid on No
record at the close Of business October 49,
ts-p. Checks Will be mailed to stockhold
rfs VINO have filed dividend orders with the
treasurer. JAY Y. HARE. Secretary.
New-York tribune., 1920-10-25

$25,000,000
Kingdom of Denmark
Dated October Is, 1920

"e7'ey'1 1Ve ear External Bonds
Due October Is 194s
interest will be in
n
O rrentt standard ON
THE NATIONAL CITY YORK Agent
ME Government of Denmark will
National City Bank the loan
sufficient retire $1250ooo annually
sixth year up to and including
aoe on interest date whole
part through the operation of Sinking
9 at ITO 1t called for redemption
lo2 called Sinking
F7d shall
and Including the fohabo
New-York tribune., 1920-10-25
ATLANTIC MUTUAL.
INSURANCE COMPANY
Atlantic Building,
49 and 81 Wall Street,
New York. Ortohsr to2

1sldutlC pudding,
~ and 81 Wall Street
New YORK, October 8, 1870,
Specia Notice to Holders of
Certificates OF Profits
The remaining outstanding certiHcates az
prohts OF the Issue Of 1918 will ha redssmed
and paid 70 the holders thereof or 70 their
isgal representatives on and after Monday
Noyeinbsr !, 1890 from whch data ali
interest thereon will ceass the esrsidcases
cancelled. "A0
"A dividend of interest OF five perccnt
toeins at the rate OF six par percent per
annum( on the said outstanding certjt tcats.
Of Of profits of the issne of she ssar lpls' viii
legal representatives on aud after Monday
November J., 1920. Checks for the said
dividend OF interest will not be mailed in
accordance with mailing orders to shoss
who have flied such orders with the Com.
pany bnt viii be delivered to tho bolGcrs
o. the said certiacases of prohts upon
The transfer books, with respect 10 the
tssqe of s9ls certiflsasaa, will be closed on
ana after October IL, 1920.
ny arner OF tho boa ri OF Trustces.
q. STANTON FLOYD JONES, Sscss&ary.
New-York tribune., 1920-10-25
Farmers Pleas for Credit
Present Serious Problem
banker Discusses Difficulties of Financing Crop
movement but Hesisates to Suggest Panacea
1or Many Ills Complained Of by Small Producers
By II. M. Robinson
f'eS'dent OF the FIRST National Bank OF Los Ana

fFes'de"t Of the First National Bank of Los Angeles
~ discussion of commodity financing pertinent during
VIC present period of credit
eS1oenc OF
many commodities who they are being Disseminated against
bankers or those
by such producers coopa
marketing TO remedy, to situation
1he is no question that apportonment funds in
Spone TO the cmorous of facilities
community serious banker Abuses
nave crept into existing practices points the situation
~ Wv -
New-York tribune., 1920-10-25
DIVIDEND NOTiCES

EISEMANN MAGNETIC Corporation.
DIVIDEND NO 8.
New York, october "a. 1920
a regular quarterly dividend Of sl.75 per
share on the Preferred Capital Stock ot
this COMPANY has been declared payable
November /, 1879 to stockholders OF record
al the close of business October 90, 1920
+. S. JEROME Treasurer.
New-York tribune., 1920-10-25
German Internal Bonds

unlisted. ssells cents per share
New-York tribune., 1920-10-25
rtIx,
-"E INDIANAPOLIS UNION RAILWAY
COMPANY
'SDiANAPOIJs. INDIANA, OCTOBER
1920

r,. Bonds wanted for sinking Fund.
nsn'. nne indianapolis Union Railway Com
sesyis,s ot Indianapolis. Indiana, Will receive
thoslu nrop oposais for the snlo OF thlrt?
Nnrseaha tsSo.00o0Q) dollars Of its Flrst
llv y age Bonds. at the office of the Fidel-
dslntti tiuht Company, In the CITY OF mia
Anss.s Fa,, on or prior TO the first day OF
q, ,'ehber, 1920. Bonds offered at the low
price. not exceeding par and accrued
shors,ss'' VIII he accepted and paid for
sssssa' boIps of different holders be or.
harSs az the same price, the number OF
ssssu TAKEN from each shall be on pro
oasis. as nearly practicable. In pro
1nes.SIa 10 the whols number OF bonds
Fs1oa> W.aT. DANIELS. Secretary.
New-York tribune., 1920-10-25

WV -N'lild I'm pl
l0+o0 *Acme Coal.
400 *Allied Pack.
100 "Alum Mfg.
so *do pf.
25 *Am Brass. i
500 "Am Candy. ...
60 Am Cigar. 49,.
105 Am Chicle pf.
Is *Am Hardw Il
100 sAm w Paper.
800 'Arinour Lea.
400 'do pf.
1890 Autom + s. ...
800 "A orion e & p
25 *do pf.
45 "Babcock &W.
Go Borden
70 do pf.
200 area verboard..
500 *Rklyn c r r.
500 *Br-Am Chem.
500 *l}rler II steel
900 *Brlscoe Mot.
1900 arr 4 Tob G.
7a00 sCar J. & P.
500 *Charcoal ! ...
10 Childs Co.
10 do pr
500 Carlo -Hyd ydro.
500 do pf.
$500 chic Nipple...
40 "Clinchf Coal.
700 soon Salt.....
500 *Cont Motors.
1000 "Crude Chem.
80 *DuPont Pow
80 *do of. q.
C7O0 *Empire T KS
400 "Farrell Coal.
rs *Firostone n. j..
$50 *Gardner Mot.
400 tGarland 6 s.
10000 *Gen Asphalt.
ZOO Fdo pf.
500 *Goldwyn Pic.
30 *Grasselli CHI.
600 sitarcs Mot e.
5000 *flerc Paper. e.
10 Here Powder
2l2 sind Packing .
100 lint Products.
700 s1rt Con Rub.
24100O *Kay Co Gas.
500 sLehigh Pr st.
400 'lindsay Lgt..
500 sLibby Men 81
100 Lima Loco .'..
900 %Lincoln NC 4
1900 "Locomob n.
400 *Max-Chal A. .
500 *do b.
500 *Mcrccr Mot. .
l4n0 sMunson Fur.
2OO sNatl Leather
G60O Nor a Y & Z.
1000 *Packard Mot.
800 @Paige Det NJ.
l00 *penn C&C pr
PITS %Phil In Wire.
1850 *philip Morris
2So0 perfectionT&K Il
so "Procter 4 O..
100 sPeerless Mot.
$500 sRadio Co. ...
$500 'do pr.
800 sReo Motors. o..
400 ~RJRey n Il wi
1000 sRoy de l. 7 "a
l60 *Roy Bak L.
70 sdo pf.
10 sScoville Mfg.
100 sSinger Mfg 80.
700 sSinger Ltd -.
a400 Submarine ut.
900 sSwift Inter-.
26400 *Sweetss OF A.
27O0 sStanwood Rub
lb5O0 sTenn r L&P.
2t00 "do pr.
i40O sTob Prod ES.
ASSOC Tn Profit Sh.
1900 sUn Carbide. .
1000 edo rights.
5000 sUn r Candy
400 sUn Gas & f..
400 sdo I'd pf e.
al00 .U ) High s T
500 ~ S Lgt 4 IL
3l50U = ship Cor.
1900 II : Steamship
100 sWarren Bros.
800 Wayne Coal.
eco *Nyn Davies.
100 *yViilys Corp.
100 edo LIST pf.
500 sdo Sd Pr :.
New-York tribune., 1920-10-25
W e ekly Curb Market
lndu strials

Net
Low. Last. chge.
II 105s II
? Ns I u 2i4 Is
9l2 81, 9ia
19 10 10
SAX SO s4M : Il
50 1SS 1SS 4
6 5% 5%- a
39 go 1913 + 8
66 64 CO ! 9
3s 1917 1877 u
7A 7 7A- 5.
15A 1913 15ls- u
92i5 % 90 = /
54s> 40 50% = -
ia 13% 4
72ia 7115 72M J. II
0S u 105 1851 ~ Z
95 OK 91A az
s4 4 s4is S4 u Il
At As &C
4 u "A 4h
8 Az Ak / IL
72la So 80 + !
1G Il Is
12M l2ia l2A- 4
4 AZ 37s- IS
31s 3}s
so so so --
S0ia S9ia Sai5 -
-. hs q t. q
9S So 9I2 + 4
33h 80 33 - !
6ia 5ls 5ia -
1is l lis =. "A
o22 2l7 PIT 4
75A 75ih 1874 + u
1875 1873 Is Is u
23 % 22l2 u
04 100 10l - 4
% 81 2li4 - y
4l5 4ss AZ
soI Is co Az
90 90 % G
6 5 6 = l
1875 131 1871 4
7l2 IA 7l2 + "a
2os 90S ?0S -
4ia ~ 4ia
19la 1874 l9i2- ! q
~ 1ss M 4
$ IA 7 p
7N 67s 71s
124 12 121s Il
rs rs 10
3s II 20 ia-lo a
6 5H 5lA-- u
60 SO SO l
ls 1914 l6ia- 2
10 3 10 l
l3 127s IL
10 Ola 10 + II
5Ss az 5ss
141A 13 13 + !
is l7ia IS
sax 52A 5sA + q
sls "a s r ~
lis / lis
IA 1l2 11S l
80 80 80
9is 81. 2ss + IS
9N 2il2 2i3 -
22l, 23 2Sia
AZ AZ ~ =
5ia SIS bit y 1s
II 1lS i1Ss l II
sg5a slha So
i60 $50 $50 -29
80 1873 $50 LIZ
81. az az u
14la i'm las - 2iis
80 20 29,a
rs . 2A
2 IA IN x
IN IN 2A y
Z 8 51a-- "a
llA IS
2h 2 az r 1s
6ta IS 5Ss4 2
IN Ia rs
1ols l0% Il
IL II. IA - a
Az 4ta
s0i so 30A
Il. lss ~
8 3 3 Il
~ lSs IN IS
27is 27n 27is -
AZ Sla 3M Is
BAN "a "a 49, 3Is
Is Is Ii
60 so 60 --- 2
47M A7 ~ -- 2
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-20
Will Race English
AirpLGne Against
American Machine

Capt. Arthur Turner, famous Brit
ish airman, will spring new SEN
sation in sporting circles here oct.
81. when he will pit his English
Avro airplane against the racing air
plane designed by the Curtiss COM
pany in a 10-mile race.
Capt. Turner reached Memphis sew
eral days ago, and secured the North
Memphis Driving park for his ex-
hibition and for the race, which
promises to be one of the seasons
biggest thrillers.
The captain carries a number of
noted airmen in his retinue and the
public will have an opportunity of
not only getting their first look at
the type of ship that saved London
from the Huns, but of watching the
tactics of foreign flyers.
One of the most spectacular of
the exhibitions given by Capt. Tur-
ners men is the aerial bombing work
of pilots who saw service with the
fighting flyers of the great world
war and who won fame as bombing
experts.
In the exhibition Sunday, English
and Belgian bombens will wind up
their exhibition by actually Destroy
ing a miniature fort with high eX-
plosiVe bombs,
Any aviator flying any type of
ship is invited by Capt Turner to
enter the race with his Avro The
Curtiss company accepted his def
issued recently in the East and the
contest the last day of this month
was arranged.
After his exhibitions here Capt.
Turner will make tour of Cuba
and South America.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-20
GEORGlANS ASK WILSON
TO REVIVE CORPORATION

ATLANTA, Ca. oct. 2O.-Presi-
dent Wilson was requested yester-
day by Georgia's two United States
senator's and majority of the Geor-
gia delegation in the house to take
steps to revive the war finance COR
poration and to cause an announce
ment by the federal reserve board
of definite policy" in favor OF
liberal discounting by reserve banks
in the cotton belt of agricultural pa
per presented by member banks.
A similar telegram was dispatch
ed to Secretary Houston while mes
sages were sent to Southern sena-
tors and representatives in congress,
asking that united front pc pre-
scented in the fight to raise the price
of cotton. Action was taken at a
meeting in Senator Hoke Smiths
rooms at hotel here.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-20
PROGRESS MADE In
FIGHTING HOOKWORM

NEW YORK. Oct. 2O.-The inter-
national health board Of the Rookie
Teller foundation has made public
the third installment Of its annual
report dealing with as efforts dur
ing 1919, to control hookworm dis
ease and malaria.
Progress was reported in the work
Of combating hookworm in IL South
ern states, the Far East, West Indies,
Central America and Brazil. En-
couraging results also were obtained
by measures adopted for control OF
malaria by preventing mosquito
breeding In four Arkansas towns,
Eudora, McGehee. Blissville and
Tillar.
The report said that cooperative
work in malaria control was pro-
posed for 40 towns, with an aggre-
gate population Of 1890 In Alaba-
ma, Louisiana, Mississippi, North
Carolina, South Carolina, Texas, ano
Virginia. The plan calls for joint
participation by the United States
public health service, state boards
of health, municipal authorities and
the international health board.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-20
MERCHANT MARINE
MAKES FOR PEACE
Benson and Hurley Plead for
Development of Foreign
Trade.

CHICAGO, Oct. 20.--Pleas for de-
velopment of foreign trade through
the American merchant marine as a
means of returning this country to a
stabilized condition were made at the
National Marine exposition by Adj
miraI w. S. Benson, chairman of the
shipping board, and Edward N. Hur-
ley. chairman of the board during
the war.
Both speakers characterized the
merchant marine as a promoter OF
peace, but took UP the subject from
a different angle.
Mr.. Hurley advocated an interna-
tional credit plan patterned after
existing cooperative marketing as
sociations, with the American mer-
chant marine as the nucleus of the
plan and an International bond is
sue of from $10O.O00,O00 to $4,000,
600 to finance 1t.
Admiral Benson saw in the mer-
chant marine a means Of uniting the
nations Of the world and bringing
them into closer contact, thus stimu-
lating better relations and promoting
| peace.
IF the social economic trends OF
| the world are to become more sta
| bilized it will be possible only wher
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-20
Coal Mine OUners
To Plan Price Drop

WASHINGTON. Oct. 20.-Reduc-
ton in bituminous coal prices will be
considered by mine owners in Cleve-
land, Oct. 26, at meeting called by
the National Coal association at the
suggestion of Attorney General
Palmer. Mr.. Palmer's suggestion
carried the assurance the associa-
tons announcement said, that any
action toward reduction of high
prices and elimination or profiteering
would not be construed under the
Lever act as an infringement of law.
Col. D, B. Wentz, president of the
association,-to whom Mr.. Palmer's
suggestion was sent, promised to
place 1t before operators, and in or
der that it might be fully considered,
~. D. A. Morrow, vice. president of
the association, in issuing the call
for the Cleveland meeting urged all
of the 1000 soft coal operators Of
the country to attend.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-20
Blast Kills 400
Chinese LGbOrerS

PICKING, Oct. 20. (By the Associ-
ated Press. Am explosion and fire
in the Tong Chan coal mine in Chi
Lii province killed upward Of 400
Chinese laborers Thursday, accord
ing to news of the accident reaching
here. There were 119, survivors.
An official report by the mining
company places the dead at 422. The
explosion occurred in next to the
lowest level. smoke causing most of
the deaths.
Grief stricken crowds surrounded
the mine, carrying off the victims as
they were brought to the surface.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-20

quarters at indianapolis: Rev. b. M.
Martin, pastor at Knoxville, Tenn, as
secretary OF the Chattanooga area, at
CHATTANOOGA: Rev. j. p. Jenkins, OF
Mitchell. S. D., as secretary of st.
Paul area at st. Paul, and Rev.
Luther T.. Lovejoy, of Detroit as di-
rector OF stewardship of the cen
tenary conservation committee at
Chicago.
Five bishops. general secretaries Of
all the Methodist boards and clergy
men representing 4,l72.502 members
OF the church, are attending the ex-
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-20
TO TRY MOTHER.

CLEVELAND, Oct. 2O--Mrs. Rather
inc Mikulic must stand trial for first
degree murder for Staying her ,5-year,,
in the lake last month when she tried
to take her own life and did not wish
to leave the child to the charity OF
friends. An indictment charging first
degree murder was returned by the
county grand jury yesterday. A jury
OF women will be demanded for the
trial, attorneys for Mrs. Mikulic said
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-20
TENNESSEAN NAMED ON
NEW METHODIST BOARD

CHICAGO, Oct. 20.-Dr. r. ].
Wall. corresponding secretary of the
council of boards OF benevolence of
the Methodist Episcopal church, to-
day announced the following appoint
ments:
Rev. Jesse Bogue, OF Indianapolis,
md, as area secretary, with head
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-20

the nations OF Europe have worked
out their economic and financial
problems" said Mr.. Hurley.
Most Of the nations of Europe
will work out these problems in the
next few years and we who are
abundantly able. should be the ones
now to supply them with credit and
materials, that we may later have
them on our books as permanent
customers"
Mr. Hurley explained his plan,
which would provide for the issuance
of s100,000,000 to S150,000,000 Of
three to five-year bonds to be secur-
ed by obligations OF private European
purchases, these obligations guaran-
teed also by the purchasers govern
manf
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-20
GIVES 500 FOR LEAGUE.

NEW YORK, Oct. 2O.--Mrs. Franklin
n. Roosevelt. niece of former President
Roosevelt, and wife OF the Democratic
nominee for vice president, has con-
tributed 500 to the league of nations
fund OF the Democratic national com :
mittee. Receipt OF Mrs. Roosevelt :
contribution was announced here BY the
committee women's bureau.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-20

ecutive meeting of the council here,
planning the program OF the CEN
tenary fund of s1l5,000,000.
Evening star., 1920-02-21
FORCER IS SENTENCED
TO 50 YEARS IN PRISON
Justice Stafford Says Read, Alias
Morse, Should Not Be Allowed
to Be at Large Again.

Thirty years in the penitentiary
was the penalty imposed today by
Justice Stafford on William j. Read.
alias c. b. Morse. convicted on three
counts of forgery and passing a
worthless check for $4,000 on Boss
& Phelps, local real estate firm, in
July. 1912.
This man should never be allowed
to be at large again." said the court.
He is one of the most dangerous
criminals and has repeatedly broken
out of prisons. and I should not be
surprised if he broke out again."
While in Jail Read sent letters
written with invisible ink to two men
in Iowa to frame up an alibi. The
men were sent for by the govern
ment and took the stand, telling of
the attempted "frame-up.".
Evening star., 1920-02-21
HEARST REQUIRED
TOG|vE INDEMNITY
BOND OF $4,000
Judge Bailey Fixes Amount to
Protect Shipping From
Possible Loss.

Associate Justice Bailey of the Dis
trict Supreme Court today fixed at
$4,000 the bond to be given by Will
ton proceedings against the shipping G
board to prevent the sale of the thir-
ty former German liners.
Counsel for the board said the gov
ernments only expense in connection
with the sale was S36.2S, for circulars
sent to shipping interests. There was
no regular advertising, they said.
At the request of government coun-
sci, Justice Bailey deferred signing
the original Injunction until Tuesday
SO counsel might confer over the
terms. The justice also reserved de-
cision on request of the board that
sold for $2.000.OO0. be excluded from
the order of injunction.
Had Asked $J,OOO.O 900 Bond.
The bond is to indemnify the Ship
ping Board against any loss by reason
of the wrongful suing out of the tenn
porary injunction. The board had
asked for a bond Of $1,000, 900. while
counsel for Mr.. Hearst had contended
that as he was suing in the public in
tehest he should be required to give
only a nominal bond.
Mr.. Laskey stated that the form of
the writ of injunction had just been
presented to him by Mr.. Hearst's law
yers. and he would like to have time
to confer with Assistant United States
Attorney Ames over the form of the
order of Injunction. Attorneys Ansell,
Bailey & Ford and former Gov. Folk,
for Mr.. Hearst, consented to the re-
quest and Justice Bailey deferred the
signing of the order until Tuesday.
Counsel for the Shipping Board
also asked Justice Bailey to exclude
the boat Swanee from the order of
injunction and allow the board to
81, ,OO0.0 600. The Hearst lawyers. while
disposed to accede to the request.
asked time to consult Mr.. Hearst.
Justice Bailey also deferred until
Tuesday action on this matter.
New Angle to Discussion.
President Wilson's statement to the
Senate disclosing that he had entered
into tentative agreement at Paris
whereby the United States would pay to
the reparation commission the difference
between the nations merchant tonnage
loss during the war and the appraised
value of seized German ships, gave a
new angle today to the informal dis
cussion in Congress OF the ship contro-
yersy. precipitated by the recent efforts
of the shipping board to dispose of the
fleet of former German passenger liners.
Existence of the agreement, not
hitherto made public, was disclosed
by the President in communication
fatty denying that he had entered
into any agreement or understanding
with British officials concerning the
disposition of the seized ships. The
statement was sent to the Senate in
reply to a resolution by Senator
Brandegee, republican. of Connecticut.
asking if it were true that such an
understanding existed.
Title Would Not Change.
In explaining the agreement the
President stated it was conditioned
upon the approval of Congress and
Continued on Page 2, Column s.