davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Negative Strength
Shown by Stocks
In. Quiet Session
Financial District. Disin-
clined to Become Over
pessimistic About Bearish
Reports From Europe

The stock market in, its languid
fluctuations yesterday displayed a
negative kind of strength. The i'm
proved technical situation was demon
strated by the steadiness of security
prices in the face of confused and
unfavorable news regarding the Eu-
ropean situation. Conditions within
the marketplace have changed in. such
way that for the time being it is no
longer feasible for enterprising bears
to translate somber headlines into
drastically lower stock quotations.
Despite the dramatic dispatches
from the Old World men in the
financial district we're disinclined to
become overpessimistic over the Eu-
ropean situation. In some quarters
the view was expressed that the armi-
stice negotiations at MinskS might yield
fruit. But, as a matter of fact, the
tial as market factor yesterday. The
days fluctuations revealed little except
uncertainty and the strengthened tech
nical position of the list. The stock
market was practically deserted by the
outside public, and transactions
amounted to less than 100000 shares
! Since the wave of liquidation spent
itself outsiders have left the market
almost exclusively to the professionals
and are probably waiting for it to show
symptoms of an ability to rise.
At the close stocks were irregular,
some revealing slight losses, others
showing small gains for the day. At
times motor shares were weak, as the
story of the reaction in the industry
became better known, and the shipping
stocks were at times vulnerable to
bear pressure.
In the bank statements at the close
of last week there was no indication Of
an easing in the credit situation. At
the money counter on the floor of the
Stock Exchange call loans were quoted
at Z per cent all through the day
The same dizziness that prevailed in
the stock market characterized dealings
IN foreign exchange. Demand sterling
was slightly easier in tendency early
in the day, but a rally later in the day
carried the pound up to $3.6425, which
slgnlfled net gain of one cent for the
day. The Continental exchanges were
likewise frmer toward the close.
M: Parmentier, director of the French
Ministry of Finance, arrived on the
Lorraine and conferred with French
officials here and Edward r. Stettinius.
Of j; P. Morgan g. Co., but not having
received cabled instructions from his
superior in Paris he confined his con-
versation to broad lines. 1t is expected
IN Wall Street that he will arrange a
new loan for France, which will make it
easier for his country to meet its obli-
cations on October Is in connection
with the maturing Anglo French loan.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
In Wall Street
Standard Oil of New Jersey

Standard Oil Of New Jersey stock
again became strong yesterday, this time
on more definite rumors that the com
pany is formulating plans for the sub
division of the common shares from
$500 par value to $25 par. The Street
is certain that at some time or other
plan will be put through which will
be equivalent to melon cutting and
that employees will be given SUBJ
stantial share. Officers state, however,
that whatever the board intends to
do has not yet been drawn up into
definite shape. Nevertheless it is ac-
knowledged that EQUALIZATION plans
have been considered for long time
In view Of the 200 per cent stock divi-
dend to be declared by the Standard
Oil Company of New York, the Street
has jumped to the conclusion that the
New Jersey company's plans are also
nearing completion. After selling as
high as 675 yesterday the stock closed
at $50, a net advance Of points.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
City Wins Point i'm Suit
For Dollar Gas Rate
Justice Rules Staten Island Go.
Can't Charge More Pend.
ing Principal Action

The city won a victory yesterday
over the New York and Richmond Gas
Company, which supplies gas to con-
sumers on Staten Island. when Justice
Scudder, of the Supreme Court, Brook
Ign, decided that the company cannot
suspend the statute until after It's
pending action TO declare the 81 gas
rate illegal. The action brought by
the company is now on trial before
former Justice A. II. S. Wall, who Is
acting es referee
Referee Wall began hearing test
mony on July 49, and is holding al
most daily sessions to determine
whether the returns OF The company
are sufficient al the dollar rate. ln'
company is presenting its figures
through experts in its attempt 10 sho"
that the 81 rate is confiscatory. Nhen
the company first brought its action !.
applied to Justice Callaghan OF Brook
Ign. for an injunction suspending the
legal rate until the case was finally
determined. Justice Callaghan denlea
the motion ard it was recently re-
newed by the company. Arguments
"SAe ihduS against III ~ WI ~"
Counsel O'Brien, counsel for the Pup
nc Service Commission, and the Atto'-
ney General.
In denying the motion Justice ScNs-
der said that after the trial OF an &C
ton has been begun preliminary 'h-
junction should not be granted except
IN extenuating circumstances. me
people of Staten Island, in view of TINS
decision, will enjoy the 81 rate untl
the courts decide that that rate -
confiscatory. The case VIII propap'f
not be decided for five or six months
Corpora ton Counsel O'Brien SAID yes,
terday that if the company appeaiea
froms the decision of Justice scudas'
he viii appeal 10 the Appellate Dlsi.
sion. Second Department, TO uphold sas
decision
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Bonus for W. U. Employees
Company Pays 81 Per Cent of
January Salaries To Workers

Inc Western Union Telegraph Com
pany yesterday paid to its thousands of
employees an aggregate of nearly So -
100000 as participation in the com
panys earnings for the first six months
of the year. Each employee received
% per cent Of his January salary.
The plan, which was adopted by the
directors last March, is a more or less
experimental device for aiding the
employees in meeting the increased cost
OF living. The next payment will be
made on February Is and will be to
each employee percentage Of his sal
airy for July of this year, the percent
age to be determined by the company's
earnings during the second half of
the present year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Seek Public Good Will

Should the Standard Oil of New
jerseys directors decide to split the
common stock up into shares of s25
each, this would be in line with the
policy followed by the Imperial Oil
Company of Canada, which rave en-
stock. One effect OF such change in
the par value of the Jersey company's
stock, it is believed, would be to es-
tablish a price that would allow Of a
much wider degree of public owner
ship and a consequent increase in pub
lie good will toward the corpofation.
Much is made of the fact that the
United States Steel Corporation has
many friends, not only because Of the
wise management, but also because of
the large number Of common stock
holders
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Offer Detroit Bonds

The City OF Detroit bonds, for which
a successful bid. was made by a syn
create OF New York and out of-town
bankers. are being offered to the public
at prices to yield between 5l and 6
per cent. The bonds, the total Of
which is SS,779 900. mature in from one
to sthirty years, the proceeds from
their sale to be used for municipa!
improvements. The purchasing syndi-
cate consists Of the Guaranty Trust
COMPANY, William r. Compton l. Co.,
tie Bankers Trust Company, Blodgett
& Co., Eastman, Dillon & Co. Z. II.
Rollins & Sons, Edmunds Brothers. the
cid Colony Trust Company of Boston,
the First National Bank OF Detroit and
the Detroit Trust Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
ParmentierHere
TO Arrange Loan
With i. s. Bankers
Director of Ministry of FL
nance to Fix Details
for Paying Off French
Obligations October Is

Jean V. Parmentier, director of the
French Ministry of Finance, arrived
here yesterday en- the Lorraine to
complete arrangements for France to
meet its obligations to American in
vestors in connection with the Anglo
French loan Of $5O0,00O,OOQ, which will
mature on October 10. When he left
Paris several matters were still I'M
settled, and until he receives instruc-
tions by cable M. Parmentier will de-
fer discussing in public the exact pur-
pose of his mission.
The special envoy of the Minister of
contacts at J. P. Morgan & Co., which
1T is expected, will underwrite a new
loan for the French Republic. NJ.
Parmentier exchanged greetings with
Edward K. Stettlnius, former Assistant
Secretary of War and partner at
Morgan's, and will hold daily CONVEX
satlons with bankers until a definite
program is worked out Last night M.
Parmentier dined at the home of Gas
ton Liebert, French Consul General,
and among the guests were Maurice
Casenave, head of the French high
commission, and M. de Sieyes, repre-
sentative in New York of the Bank of
France
NJ. Parmentier, who is stopping at
the Hotel Plaza. will make his head
quarters at the French Financial Com
mission, at Rector Street. At the Of
hces of the commission it was said
yesterday that NJ. Parmentier could
not say how large loan he would ask
Tor as yet, and that his plans were
contingent on instructions expected
from the home office.
10 snip news reporters at the pier
M. Parmentier said on his arrival:
AS to the position of France, can
say that Frances share of the Anglo
French loan will be paid when due.
AS to the details in connection with
the loan which come to negotiate |
cannot say anything until have
received the cables from the French
government awaiting me which NAV
contain some changes in our plans. At
the earliest possible moment I shall see
the firm of Morgan & Co. and other lead
ing bankers to take up the matter. I
shall shortly issue a detailed state
ment OF the French financial situation
including the taxes collected and pro-
VISIONS made for meeting our obliga
tons.
AS to the tax situation in France.
all taxes are coming along we'll 1t
should be remembered that income
taxes in France make up only a small
part of the total. The commercial re-
latlons between England and France
are such that | do not believe there
is any chance of break between the
two governments. The financial situa-
ton in France is much better and is
improving daily. There is no indica-
ton that the Milerand government
Will not remain in mower"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
German Engineers to Seek
Oil Supply i'm Mexican Field

MEXICO CITY, Aug Is. QuotI1ss
the Berlin petroleum ZeitschfitI
EXCELSIOR says to-day that German
engineers are already planning to sn's
machinery to Mexico for drilling ana
to send experts here TO investigate 'a'
oil fields.
The newspaper says that Germany
is looking to Mexico and other Latip.
American countries for these fields. -
her supply in Russia and Ruman'a ms
been cut off.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Bethlehem Steel's Earnings

The Bethlehem Steel Corporation in
the first half of 1920 maintained net
earnings at an annual rate of between
S25 and $50 share on the common
stock, according to estimates printed in
the financial district yesterday. In 1919
the company earned $3.50 share and
the preceding year S21O3 a share. In
coming business so far this year, it was
stated, has been consistently heavy and
IN excess of output. Bethlehem's ship
building plants are understood to be
booked up to capacity throughout 1920
and well into next year. but incoming
shlpbulding business. it is said, is
practically at standstill.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Traders Disappointed

Traders, the majority of whom pro-
TESS to see no reason why the market
should go up and who are consequently
short of stocks, came downtown yes
terday morning expecting to see an
other oldtime Monday break. They
thought there was plenty of ammuni-
ton to bring this about with the news
from abroad and last Saturdays poor
Federal Reserve Bank statement. But
as al. on the closing days of last week,
little Roadway was made on the
selling side, despite the fact that
there appeared to be little to induce
buying, at least for an immediate
profit. 1t was one of the dullest SEES
slons Of the year, and it looked like an
armistlce between the bulls and the
bears until the more important armis-
tlce negotiations on the other side had
reached some definite conclusions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Proc.er & Gamble Net
Earnings Show Decline

Net earninga of Proctor & Gamble
and constituent companies for the
year ended June 80, after taxes and
charges, showed a decline of more
than 100000 from the previous year,
according TO g financial statement
issued yesterday.
Gross business for the year was
S1SS.so0,66S which compares with
1913 $4,000 in 1919 and size, a2o,5l9
IN 1918. Net earnings were S4.l9l, 507.
against S7,325.000 in 1919. S9,7l9.S
in 1918, and S7,056,494 in 1917.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Money and Credit

Call money renewed at per cent
yesterday and held at that rate all day.
This was the first time for several
days that the rate has not eased off
before the close of the stock market
and was probably due to efforts by the
banks to improve their position at the
Federal Reserve. Government with
drawals tomorrow will be in the
nelghborhood of $8,0O0.0OO.
Yester- Year
On mixed collateral
IN industrial collateral T 81
ll m money (mixed collateraD:
sixty days .80S14 5A@6
Ninety days 8@sH so as
Eour mo&hs sMS2 5a@6
-Four to six months .8M812 5a406
Bank Clearings Bank clearings at
New York yesterday we're: EXCHANGES.
5000, 947 1888; balances, $107 ,3O3,O3O.
Silver-London, 59asd New York. do
mestic, S8h2c; foreign, 95Bc; Mexican
dollars. 73c.
Sub-Treasury-United States funds.
reserve credit balances, Sl05,712,167.
Canadian Exchange-New York funds
IN Montreal, $138.25 premium per
$1,000; Montreal funds in New York.
9l2l.o6 discount per 81 900
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Cotton Manufacturers To Meet

BOSTON, Aug. Is. = The National
Association Of Cotton Manufacturers
will have group discussions of direct
taxation' and "forcign trade and the
tariff" at its fall meeting, to be held
at Maplewood, N. H., September 90
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Bid and Asked

Bid Asked PA Askox,
Eyn a ~ KCEs.v Din ASKED
Enp' ,c "t ,, % NE S~M pr 90
n Gable ns l 90 1of Kelly Ell spr pr So So
On or S5h 90 X cisev WIKI ~ vi % % - %
Note a ! - kS 90 pr :, u Il = 50
s. mr. ~ 81 Ne -" NJ % ~
& r ~ 50 Is kr res Is { Co. S 80 50
S41s IS Iaclefe Gas g. 80
ii i n T;loI% l . I ,,s ! v pr i ( y
,ress. .lsl lss '" 90 pr " .i 80 iao
s1snn ~ ~ ~ ~ I1s N W n,.,,. ~: ~
81 pr. $50 90 do lst Dr.. az OK
. pr z 100 lS 90 ro do "a pr los loo1
!. ps &C. l 30 \. 90. 90 pr 49,. " 80
A. 10 IS AullInson NJ - - % % a
7 81 1o5 do W. "a -
49,. IS 81 Manhat Beach ~ u q
~ ~ y, 49, ~, n1T2 nar 'ockWeli. on
~ ~ 20 w A vc,, N var iuIIy. ~ ~
y. NOW w; - - co co wax "a pr ~ lo1
ii pr. 81 81 do pr a-ih
Dor + y 8 M Msh :. cs"1ra,; r. !; $ $
LIST pr 57ls 81 do mr. = -i - eiiiI
p'''' ~ o o. 90 $50 INES u 16
-. z, w " ~ q L pr IL
l05 los ,n nr ~. a. o-
les Co IA > Morris A. H.: ~ ~
c ~ mr. as as y 39 Mullins Body. SS 5S'
~ "a ..8 20 40 pr .-:-. VS.
$3.50 % 20 MAJ biscuit. iob IL
Lea. Al 60 Nat a. g. ~ ~
s. 90 do mr. a.: m ~
Co DR. 99l5 los J, ." ~
NJ 4. - Mar Inod ~ ,n1 ,n 40
eel 10 ~ MIR n lei az ~ i''
n mr. IN. ln- J.oi -
ison 50 30 \ Y e & s /. 31i2 II
Gifts az : dn - - = %
Gas 1912 81 do ri b.. 30 5Jr
''o'' o rs - y Docs 70 -
|, az a.; ~ " ", -: ~ IS
"a. II; % y IL Il " - 50
SO loS No,f n - =. - y
Sus Il, 70 %ov, Sco,;, !. ~, -
... A. As 0nin ' Koaw - TOR -
erm d. So Nunnall y'' Az !,
Pr pr, e 6s. G az OTIS Elev l4ois 49,
Az ,,, o5's 6oH4 do pr $50. 81
I'n mr 90 90 S 2o Gus steel pr. lol
n J. .2la ESQ paeihc Coast st. ;, &c 30
Alton o AVA "9 "a >I pr 40 uo
..... II Is pac To, va" x Y 20 a. -
III : paou i,' os ~
ill.,: 9 Peoria x r.. 10 II
" Wg Sr ,oI 1os 81 pe ere MAJ, Mar pr a
/ Tool IS so !, a. =, - io' ~ % o., y,
Pitts. IS so pe,,i >tnlli - .,o
X . Sd SO III, -, mr. a. ~
so 80 phi I ,n,,o ~ - 90 10
. L. s aasa SO SO pi 10 pr ri, 81 So
cab 30 20 ,1 10 pitS, Coal pr s. SOY
So - s9 'g ~ i p;t, r. " w., \ C.ll3 10
pr. As AZ !, ' a y 1'c vi pr sS 40
pr q, a. pod w. pi % 20
oh or SO s. ~ c'it =, " .oal dS42 10
ID Re As As i S c \ ~ 60
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Commodities Again Lower

The steadiness OF commodity mar
kets last week apparently was only
temporary, as most Of them were
weaker yesterday. Cotton sold sharply
lower Tor early delivery. October con
tracts declining more than IS a bale
under Saturdays closing sale. The nm
certain European situation and an
easier tone in Southern markets were
re ponsible for liquidation here. Or
dlnarily the uncertainty of conditions
In Poland would be signal for higher
wheat quotations, but the market was
heavy all day. The corn market con-
tinued weak in sympathy. Coffee flu
lures broke sharply TO new low ground
while raw sugar was barely steady.
with a downward undertone apparent
OIL the unwillingness of buyers to enter
the market
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Whelan on Way Home

George J. Whelan, president of the
united Retail Stores Corporation, who
has been abroad the last three weeks
IN connection with the proposal of
American tobacco interests to take over
the French tobacco monopoly, left for
New York last Saturday on the Aoui-
tanla. It was said yesterday that Ed
ward Wise, chairman of the United
Cigar Stores Company, will probably
60 to Paris following the arrival of Mr..
Whelan here. None of the recent
cables from the French capital has in
dicated that that government is willihr
to part with its best source of indus
trial revenue.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Bethlehem Motors

The bears continued their searching
out process for weak spots in the mar,
Ket yesterday and found one in Beth
Iehem Motors, which declined from a
nign price of l53s to 1112. The closing
price was 12's. where a net loss of 3 *
points was recorded. Several months
ago pool was formed in this stock.
MAlcn IS understood never to have been
IN position where it could ljouidata
profitaby. Realizing this, the bear
contingent pursued its hammerinp
tactics with considerable success and
Is understood to have dislodged a sinh
stantlal amount of the pool stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
The Dollar in Foreign EXCHANGE

Sterling rallied in the afternoon yes
terday, and, easing off some in the
morning showed net gain of
one cent for the day. The continental
exchange moved with sterling.
Yesterdays closing rates, compared
with those of week ago, follow:
Quoted in dollars to the pound
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17
Bankers Trust Foreign Office

Labor difficulties and troubles of
other sorts prevented the opening of
the Paris office of the Bankers Trust
company IN the Hotel Bristol on Nav
l. according to Reginald H. Giles, vice
president and treasurer, who has inst
returned from seven months rim
abroad, most of which time he
spent in organizing the new Paris
ONCE For six weeks following the
May Day strike, Mr.. Giles said. It was
Impossible to get a man to work on the
building. These delays" he said.
presented problem which has been
solved temporarily by taking the Offices
at 3 Rue St. Florentin for general
banking business and constructing an
other temporary office at 16 Place Ven
oome TO handle all the business of the
travellers credit department.o
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-17

Paris Market Holiday
PARIS, Aug. 16. - Holiday on the
Bourse to-day.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1920-10-19

Money TO Loan on farms and city prop
erty. Roe * Peterson's Law once.
East Chicago IS
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1920-10-19
ENGnEHAfPT-HILr

Quite an interest was created i'm
Twin City circles this morning when
telegram arrived announcing the mar
rage OF one of the towns most opu-
lar young ladies. who has long been
declared by her friends as a confirmed
bachelor maid Polling her friends on
a pretense that she was visiting rela-
tives at Fulton. Ill. Miss Mae Engle-
haupt departed a few days ago and
wired back a few hours later that She
had met and welded ". Z Hill who
formerly was employed iu the Inland
Steel Mills of this city. as civil engineer
and in a like capacity at Champaigu.
III. where his present home is Tho
couple met while Mr. Hill was I'm his
capacity here and during which time
he made his home with Miss Engle-
haupts aunt. Mrs. JaJmes L Judge of
Hemlock St Not even iutimates Of
Miss Englehaupt knew of the impend-
ing nupuals. She is known TO be rath-
CT reticent on such matters. She IS
the daughter Of August Englohaupt or
Block avenue and the home-maker for
her father and brothers The latter Of
whom included Ernces who just return-
cd from warriors Europe after an alb
sence since the days Of war were first
declared. Edward the other brother
is an Inland employo. SO particulars If
the wedding were Included iu tho am
nouncement and it is believed that the
ceremony was Almost quiet one. ow-
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1920-10-19

A moro extensive field OF work in
Guiding the entire county will be pro-
posed 70 the East Chicago American
ization league by Chairman DR.. Jacob
Goldman next Friday evening when
the league meets at the mayors office
2 the city hall. The league has been
formulating plans for their work in
East Chicago and Will make naal ar
engagements for the city work at next
Friday smeeting. but DR.. Goldman will
suggest that a plan Of cooperation
with other Americanization committees
from the cities Of Lake county be
worked out and put IN operation
In the East Chicago field the Amer
icantzation league viii first endeavor
- arouse and keep at a high pitch
The interest N the evening classes
which are now being offered by the
board of education. An effort Will also
be made 10 encourage the attendance
at kindergartens. to encourage use Of
the public libraries. 20 encourage the
use OF the English language. both at
work and at home, to stimulate pa
tr!otism through lectures and social
entertainments and in other ways
break the foreigners away from their
European s3dssls-
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1920-10-19
IN THE CITY COURT

Gust Bahuns of Indiana Harbor has
led suit in the East Chicago city court
for Sl76.5o. which he asserts is the
value OF clothing stolen from his room
at 34oS Michigan avenue. while he was
at work. Harry Theodore and John
kiahas are made defendants. the COM
PAINT stating that they were the pro-
prietors' Of the lodging souse and that
his loss was due to their oarelessness
in equipping all doors in the building
with locks which could be unlocked
vith the same key Riley Hembrom
Oyer & Reed are attorneys car tau
Ls nIiu.
Nieulae Palasan has nled suit
t4rousA Ats.
Bert Kaufman tot possession of tae
property at 1913 Michigan avenue and
$500 damages.
The Indiana IIarbor Lumber com
P4ny by Attys. Riley Hembroff Dyer
& Reed is attempting to collect a coal
bill for $11o.32 from william Hart and
wife.