davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-11-05
Southern Pacific

Discussing the position OF Southern
Poetic a leading wire house sald yes
terday: "Althoagh tAc full effect OF
the increased rates is not yet reflected
IN the September earning statements
Of large systems, southern Paclnc
makes a satisfactory showing for the
month Gross for September was $27.-
7sO,851, a 2t per cent increase over
1919, and net Of s4,9,0000 showed an
increase of $20l,S46 over the CORE
ponding month a year ago. During
the last five years net for September
has averaged l1.8 per cent of the
year's income and net Of the Southern
Pacific Railroad as distinguished from
ihc proprietary companies during the
government test period represented go
Icr cent of the net for the entire sys-
tenn. Based on these ratios, results
fer September would indicate annual
net from railway operation for South
crn Pacific Railroad Of SAP 100000 or
S53, 100000 for the entire system. With
out allowing for outside income, this
would be quivalent TO $8.35 a share.
Income from outside sources and
securities amounts 20 SIS, 1000 600, OF
$40 a share additional. Accordingly
iased on the September results, an
earning power is indicated of more
than $3.50 share, without allowing
:cr increase in outside earnings and
operations in Mexico"
New-York tribune., 1920-11-05
sndus;rials Lower.
High Grade Rails Up
I'm Unsettled Market
Confirmation Of Scarcity
Rates for Call Money and
Break i'll Foreign Ex.
changes Check Upward
Movement

The expectation Of post election
rally was further blasted yesterday
by the fluctuations of security prices
at the Stock Exchange. There were
displays of weakness and of strength
in the markctpl;ce, but none of them
could be directly traced to politics
Other forces were dominant, and their
interplay resulted in much irregular-
lty IN greatly broadencd market
tor the most part, securities Of the
better grade railroads ascended, and
those of many industrial and shipping
corporations declined. The stocks of
railroad companies Of poorer credit
standing were less eagerly bought,
and did not share in the upward move
rrent, the impulse Of which ORIGINATED
from the announcement Of the plan to
segregate the oil! lands Of the South
"iu Pacific Company from its railroad
properties. This decision led specula-
. tors to assume that it was not un-
reasonable to expect other railroad
melons, and they expressed this view
W purchasing stock Of companies with
assets that could conceivahlv be
cvided among stockholders. The leap
ING OF Northern Pacific to new high
was accompanied by a rumor to the.
effect that it would divorce its timber
lands from its lines. In the afternoon
there was some selling Of the rails.
which closed With much irrecularitv.
Aside from the pers stent indications
or trade recession, the selling of in
dustrial stocks was induced by the
cortinuation Of high money (call loans
were made again at and 10 per cent?
ty sharp decline Of the European
exchanges, and by evidences of further
Weaknesses at the commodity cx
changes In a thin market. with little
hcylng support, sterling declined more
'han two cents to the pound vester-
cay, and its decline sentimentallv
weakened the market position of other
exchanges. Italian lire dropped to
565, compared with a parity of 1913
cents The RACES on Rome we're the
lowest ever quoted in this country. and
we're reflection Of the unsettled in
Gustrial situation prevailing in the
Alngdom, which at the moment has
relatively little to offer in exports to
offSet the influx Of imported Goods.
heat quota ions declined from 3al
TO cents bushel. and cotton was
! quoted 40 to 70 points lower. measur
in' again the process of dehation.
New-York tribune., 1920-11-05
To Discuss Working Conditions

Matters pertaining to working condi-
tions on the railroads viii come up for
discussion at a hearing in Chicago be-
fore the Railway Labor Board the lat
ter part Of this month. The Associa-
tion OF Railway Executives has already
made it plain that the member roads
do not favor the settlement of dispute ;
through a continuation of the war-tim ime
machinery in force during the period
Of Federal control. In contrast to the
proposal Of the labor representatives
that controversies shall be left to ma
tional boards Of adjustment for adjudl-
cation. the railroads have said that
they would be willing to leave ques-
tions of working conditions either to
system boards of adjustment or to COM
mittees from individual roads Through
either of these TWO methods, they be-
leve, they can get back the control and
discipline Of their employees and in
crease their efficiency.
New-York tribune., 1920-11-05
Southern Pacific Plans

Wall Street continued TO speculate
Yesterday over the manner in which
the Southern Pacific directors are to
segregatc the company's oil properties
Although it was stated at the com
pan1's Offices that no further state
monts would be issued this week, 1t
was reported that new oil company
would be formed with the name or the
Southern Pacific Oil and Land Com
rany. the stock OF which would be
given to the railroad companys stock
holders as melon.
Southern Pacific shares continued to
move in a sensational manner on the
Stock Exchange, although at the close
there was a net gain OF only half a
point above Wednesdays final sale The
high price Of the day was 1lS's COM
pared with Wednesdays last quotation
OF 11il2
New-York tribune., 1920-11-05
Foreign Financing Pending

Much of the projected foreign gov
ernment financing under discussion in
this market is very much "in the air.
according to the bankers. Discussions
are going on, but so far they have led
to the signing of no contracts. The
proposed loan to Brazil, not having met
with much encouragement so far, has
been dropped for the time being. Ar
gentina has cabled the bankers that it
viii let them know later about its
financial requirements. A representa-
tive of the Washington legation OF the
Gu an government called upon the New
York bankers one day this week and.
after talking the situation over with
them, returned to the capital prepara-
tary 10 te.Alng up the Cuban loan mat
ter with the Havana government
New-York tribune., 1920-11-05
Ihc Dollar in ForcigIs EXCHANGE

All OF the leading foreign exchanges
developed pronounced weakness vestcr-
day, with sterling under special press
urc.
The rate on SIGHT drafts on London
dropped to $3.4l615, showing a net loss
of more than two cents in the pound. E,
This was the lowest rate for sterling
since before the stroke of coal miners.
The weakness in sterling had bad
effect on the rest OF the market.
Francs were lower at Gil. Offerings
Of frame bills were heavy. Two or
three large blocks of francs were taken
ON the decline, one alone for 100000
francs being purchased for the ac-
count Of leading American oil COM
panY. The purch ases, however, failed
to check the decline
Exchange on Rome fell TO a new low
record level Of 3.565 cents. German
marks were also weak at pa cents
Exchange bankers said they had no
special news 20 account for the weak
ness Of all of the exchanges. They de-
scribed the market.as lacking support.
This, they said was particularly true
of the Continental exchanges, which
save way easily when sterling started
20 yield. This is normally the season
Of the year when American exports to
Europe are heavy, which increases the
amount Of exchange Offering in this
market.
New-York tribune., 1920-11-05
French Hold Foreign Issues

Sales OF Fofclgn securitIes BY French
banks have been greatly exaggerated,
according to private adv.ces received by
Brown Bros. & Co. from one of their
French spondents. This is CON
irmed by NJ. Decamps, head of the
finance department OF the Banque de
France, who at the October meeting
Of the Societe Franchise d'Economie
Poltique. said that such sales do not
exceed 600 100000 francs. This is
taken to indicate that a large portion
of the foreign investments Of the
French, which prior to the war consti-
tuted material part of the wealth of
the republic, is sun intact.
New-York tribune., 1920-11-05
Union Pacifc's Earnings

The picture presented by Union Pa
cifc's income account for September
differed little from the exhibits Of
other important roads that have al
ready reported for that month. There
was substantial increase in gross, due
directly to the higher rates that were
reflected for the first time, but this
gain was more than absorbed by the
heavier operating expenses. The de
showed expenditures for maintenance
of way and structure of S3,381, 100, CON
trasted with $1,7S9, 40 for September a
year ago. Transportation expenses
were $6,468 ,576, jump of Sl.628,S75,
or more than 33 per cont
New-York tribune., 1920-11-05
White Oil Gets WclI

The White Oil Corporation reported
yesterday the completion OF its Sellars
No. l we'll IN the southwest corner of
! is 200-acre lease in the Covert -Sellars
Pool, Kansas. The company has five
other producing wells on this lease
The company is now drilling forty new
wells, of which sixteen are nearing
completion. Among them are nine in
Texas, three in Oklahoma, three in
Louisiana and one in Kentucky. The
we'll the company is drilling at West
Columbia, approximately 1900 feet
northwest Of the Abram No. of the
Texas Company, now down 1900
feet.
New-York tribune., 1920-11-05
Northern Pacific

Northern Faclhc competed with
Southern Pacific yesterday for the
ho onors in the speculative mart. Now
that the Southern Pacific management
plans to segregate It's oil properties,
Wall Street is talking of segregation
by other railroad companies that have
anything to segrcgate. This was said
to be the explanation yesterday for the
luying of Northern Pacific The
management, so the Street heard, was
cons idering segregating its valuable
holdings of timber lands. The stock.
al any rate, rose buoyantly and
a. 94A.
New-York tribune., 1920-11-05
In Wall Street
Why Call Rates Are High

Bankers who ought to know whereof
they speak insist that the government
deposits from local banks, which have
lately run into extremely large sgures.
are not the principal factor making
for tightness in the call money market.
They hold the steady flow of New York
banking funds to the interior respon-
sible for the high rates. The money
withdrawn for government account
quickly flows back into local banking
institutions. But the drift Of money
to the interior takes funds away which
will not return until the crop moving
Deriod is over
New-York tribune., 1920-11-05
Loew's, Incorporated

Reports were heard yesterday that
the Loew motion picture enterprise
contemplatcs an ciYeung OF st,ct ti.i
patrons. The company in statement
announced that net earnings for Sep
tember from 0.30J.Vo5 pala tnoator i'd
missions increased AZ per cent over the
corresponding month year ago. OPP
Grating results, according to an official,
were considerably in excess of all pre-
vious estimates, and net earrings were
at rate Of over 100000 a year after
all reserves for taxes.
New-York tribune., 1920-11-05
Sugar Control Ends Nov. ID
Presidential Proclamation ke'
VOkes All Licenses

WASHINGTON. Nov. 4.-The lss'
vestige of government control over
sugar has been removed through sigma
ture by President Wilson OF procla-
nation providing for revocation no
vember Is of licenses held by whole
salers, refners, exporters and I'm
porters.
New-York tribune., 1920-11-05
MONEY end Credit

Call money renewed yesterday at 9
per cent but advanced later in the dav
TO ~ per cent. Brokers reported CON
siderable calling of loans. In the fimo
money market borrowers continna ~
bid per cent for loans covering all
periods
New-York tribune., 1920-11-05
Dividends
I'm fl
Middle States Oil Corr

Middle States Oil Corporation.-An ex-
ira dividend OF ner cent share has
been declared in addition TO the regular
quarterly dividend OF per cent. both
payable January l. 1921. to stockholders
or record December TO-
Kegular lecla iax,s
New-York tribune., 1920-11-05

Yesterday ago
On industrial collateral. 10
lime money (miXed collateraN:
Sixty days ......8MS12 5MM6
Ninety days .....SN8s 5s4M6
Four months .......3MSla 5s,M6
-FOUR to six months S0S1a 5000
Bank Clearings Bank clcarings at
NeW ork yesterday were: Exchanges,
9So2'ol5,037; balances, $70,767,494.
Silver London. 5AAd; New York.
dSomeStic bar 99lac; foreign, 225sd;
Mexican dollars, G27sc.
sub-TreaSurv - United States fund
reserve credit balance, s55,2l7.775.
Canadian Exchange-NewY York funds
m Montreal, Sl0525 premium per
81 900; Montreal funds in New York,
9"0-O4 discount per $1,000
New-York tribune., 1920-11-05
Canadian Debt Decreases

OTTAWA, Ont, Nov. 4-Expandng
revenues plus significant decrease in
capital expenditures last month caused
decrease of s2634,3 1856 in the Cana
dian national debt. lowering the total
to $2,278,5l6,163.
New-York tribune., 1920-11-05
,tcr.cs !, hii Asssd Bd. Asked

,tcr.co !, t;H i Asesc Bd. Asked.
MIS- tSS NJ 50 So Pr s Car pr 700 no
~o p ''.'. vs. - p ; { OF y J 81 20
Morris & T. 50 50 Kcis & Co IN -.
Mullins b pr - do pf "a "a
Mash & Chat l0l ll0N Rem r 1T ., 50
Nat 4 scuit pr.l06 l07 do I'd pf q9l.
Nat { IS 35i4 "a Refs & ) ia
80 Pr ~ Sears Roeb pf O3 l0t
Nat icHa pr lo2.< l05ia > a pf ~ ST
NERofM lstpf l9is I3i2 : p Il Sug no ia
~ D"5'i'Iajt p ~ - :, 40 pr l02 l0Sl4
so "a p o. = stand Milling 10 l4D
y DocN' = 70 stl'.enaher ri So 81
,Ny ~ - 4oi- sap Steol.... t7ss inls
NNo No = - V9aI9 N e5,, r. 60 pf s5ls $50
NNl.o Nl.o ruci 40 90 = l. r go $50
on on Hts'er oi2 lids w Oh PA ga
Ots Elevator l2j l3l rob prods pf So 81
20 pi...... so 7 SISW c-s - - n
OTIS Steel A 81 srlsi do nj c.ta 10 %
Owens Il NJ pf IS 100 T c r Tran 40 ~
Pacific Coast. rs 40 do Of 93n o.
do I'd pf... As 50 L Of lI0 ,S9
30 ac-'lr II N1S1l' -, 20 40 pr ... lo0A los
- ~ q a. r.. -. >! 40 United Drug 1882 l0Da.
psDa'" p * r'ds, 10 10 10 90 lst pf. 45ls IS
ivie a1a'Q W ~ 25 SCI p & + IA Is
q, pr pf 6l% B3i2 I 5 Alch pf SO =,
Z , l. )! S612 I ) q x u A q
re, NUN 20. 80 y Wabash pf A 20 2IL,
40 Isl l@ " ITO Mig lst pf 81 g.
KIM J,neS ~ q x l. + Df II 25I,
90 pr ..... sO4 SIS Wilson Co pf e.
p + W & c ll3 10 Woolwortb Df ,04a. i6-
Pits Steel pf s5i2 81 Y
New-York tribune., 1920-11-05
Bid and Asked
Bid Asbel

Adam. ~, Rd "a Asssl B.l Asked.
Ahsd On pf. 9o's a9 cruc siee pf aGs. %
Ahany q Stsl2 l5O De bees - ~ -
An Asr ch pr 50. s. ' Day chem a ". s ss =
Am tx Note. 4. ~ Detroit Ili.oa n l0i
. 40 nf 60. I: A. Detroit 4 r s8 N8
A,n 1t 1t Tus sr p, T.; ~ TAT kodak..52o $50
Am LinsecA pf So 9l hui ! s e. E
Am Malt & g rs 2l to ~ " a. ;,
Am Shlphldg 100 iDuri, ui-' ~
Am SIN pf A. 50 - do n al %
An n sauif :, les ls9 * K i coai ,, : 5 =
Am n st t Fly pf = = ~. D'.. bT9n' RAJ 10 !s
An sugar pf l05 l67- En Johnson ~, o,w a9lD
An Sum pr s2 81 l.rie & Pittst a5 *
,m N' ~ Fairbanks ... Illa Sc
Az zinc Dt 40 ~ FED n 'ay y g. 10 10 ~ ~
Ann Arbor j. 2o1s do ?, N..' 81 - "a .
Asso, Dry Cd. 81. 30 'isaer s.. = Body Sc 100
90 is' pr % ~ Gen Chemical l4O is
AIant1e la s heF' Il9e i9 ll1o DO pf aeb S4ls IS
Ario Ho 5. Corp. ad's Z cray Davis. Il 4
r. 20 pr ....'. % r. CUR VI & g. il IS
'1I"'f, da ps i<a'n 8 30 30 n Il + l' p s9s 5
t,si,. pclh sl t'a p, 90 90 W INT Paper pr ~ l05
1-asn r, cf"ns"h ~ ~ ~ dc ~ stpd 70 -
h'g|n 70" 4, Shoe. % % . ut Ni.sel p, S9i. S
nrirSR'cs nar " < 90 q oga Central 10 II
ntn a ~ r. 90 ,oo hcFisNM pS. -
Bur < susa. ~. wv ks.y Sp2.i pf Y $
do pf . A. 70 fr.i, ut VI
Bush Term s. "'''-'' - ~
Es.'fE.s e. T.,so, co q, ~ 5s - N.s NJ ~ 10
Calumet & A. ~ 55l. K~' -, - 90
Canada South 3s 10 n r ~
Casa | pf s6 N6l e. u ~" TX -.
Case Plow 800 II I've pt,.f. ~
CIR, Leah p, 9ni. q! 40 -. ~ -,
Certain Corp 10 y do ~ ~ tsi ~
Chic II Alton o.. ~ ro-lfs-l - a., ioN
DO ~ y rs sl,ctaI .5,t e.
CStPM&O p, ao gs NJ; sYr "a, '@ @ os
@ &C & St l. a - Ner r.ar5 1. ~.
40 pt ....- % 10 Marlin kock 2s
tieFe PITS SO ~ Mlih Ak w ep 36
tiNe,W-fes r 20 ~ MaX NJ Co. AZ. ~
'"' y > Iif N }. lfi2 do l~t -
tp 81 nj. a. Fl 10 "a p, ~ IL.
Co Grarh n - - MAY n-,, : ~ "a e4
Con Cgar ~. 80 >il-t Wy Y.t u, is lee
Cont ter rf ~ lr0 Mich Con- al a.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-12-30
DENIES CHINA IN
DANGER OF BEING
MILITARY NATION
Councillor Says Worst Danger
Is Low Standard of
Living.

PEKING. Dec. 3O.-CEarges which
have been circulated in some foreign
countries that China has become a
militaristic nation are denied by DR..
Philip Tyau. councillor of the for
eign office. in a statement he has
just issued.
What China today is suffering
from is not militarism properly so
called but an overweight of pro
vinCial military organiza ton in re-
latiOn to The general administra-
ton" said the councillor.
China. according to independent
investigation made by several de
rartments during the last few
months, has almost precisely the
same population as Europe-44O,-
0O000O-at least seven times the
population Of Germany. If TO the
field force permitted 10 Germany by
the Versailles treaty are added the
men in the safety police and civic
guard. and that total is multiplied
by seven, il will be found that the
ratio in China is inferior to the ra-
tic in an admittedly lisarmed Ger
many. In field troops and pTOvin-
cial patrols. China 1900. 600.
SEES Change Needed.
?
and their dependence on military
governors must be changed is grant
ed. But until a decision can be
properly registered regarding the
separation OF civil and military pow
er and until the degree of provin-
cial autonomy compatible with the
sovereignty OF the republic has been
settled by parliament and the gov
eminent, IL would be inviting dis
turbances to attempt change.
tain lion, IN C;tbb!i II GAG t. II
Ire greatest enemy today is not
militarism or provincial militancy
but tie low standard of living among
the mass Of the population aud the
luxury which modern essentials such
as railways and roads represent be-
cause Of their immense first cost i'm
comparative terms. The narrow
margin between existence and star
walton is so easily wiped out in
China's dense population that when
TO this problem IS added the prob
lem of taxation the work Of the
government presents incredible dill
fculties. nj western countries we'll
articulated credit systems serve to
disguise postwar problems perhaps
greater than China's but IN this
country they present themselves in
all nakeduess which renders evasion
or pCstp oncment impossible.
Pins Hope TO League.
China needs foreign help but il
must be help justly given. She pins
her faith TO the League of Nations
and 10 a dispassionate, non-parisan
settlement of her issues abroad. be
cause too often in the past ii has
been shown that what is desired
her at home is not negotiation but
surrender. international generosity
will find a swifter reward here than
elsewhere"
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-12-30
SIGN AMERICAN
POSTAL COVENANT
Representative Of % Coun-
tries Favor Reciprocal Do
mestic Postage Rates.

MADRID. Dec. 81. - Representa-
tives OF p countries comprising
most OF the republics OF North.
South and Central America. agreed
Al a meeting OF the Universal Postal
Union here 10 sign the Pan-Ameri-
can postal covenant providing for
reciprocal domestic postage rates.
Under this agreement. II the
countries actually sign, domestic
rates OF exchange will prevail on
'etters. postal cards and printed mat
.er between the following countries:
United States. Spain. Argentina,
Bolivia. Brazil. Colombia. Costa
Rica. Cuba. Chile. Dominican Re
public. Ecuador. san Salvador, the
philippines. Guatemala. Haiti. Hon
iuras, Mexico. Nicaragua, Panama.
Paraguay, Peru, Uruguay and Vene-
zuela.
As agreed upon here. packages
carried between these countries con
tanning books, newspapers. printed
matter and commercial papers shall
not exceed four Kilograms COT 2.2O
pounds each) nor IS centimeters
(about IS !nches) in length. Single
books however. may be carried up
10 five kiLos in weight.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-12-30
These Live Dealers
Have Your New Years Feast
Ready For You.


-lBsJ sIdosd ssoul 10 6IIDIsus5 puE
Uring dietary systems OF different
kinds.
In using dried fruits they should
be thoroughly washed, then soaked
IN clear water until they regain
three-quarters OF the normal size.
The fruit should be stewed until il
puffs. say ten TO fifteen minutes, be
fore adding any sugar, honey mo-
lasses or other sweetening. This
rule applies TO all of the large seed
ed fruits like prunes, peaches. apri-
cots. plums OF various kinds, and
cherries. The evaporated fruits, gem
orally sliced. need a little less soak
ing and cooking than the dried
fruits.
Stew the fruits in the water that
they have soaked in, and 10 a
pound of prunes add one cup Of
sugar and a half-cup of'honey. Lift
the prunes with a skinner, then
cook down the juice till there Is
just enough Of it to cover the cooked
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-12-30

fruit. Sometimes quarter OF a
lemon is stewed in the juice for its
favOring. then il il removed. Peach
es, apricOts and other fruits are
stewed in the same way.
Dried apples. after stewing one
pound fifteen minutes, may have u
small stock of cinnamon, six cloves.
a half-cupful Of maple syrup. or "a
half-pOund OF maple sugar added.
This is an fashioned way. and a
good way, of cooking the apples.
Moulded Apricots.
Soak. stew and sweeteu one pound
II apricOts in the way directed, then
add 4 tablespoonful OF powdered
gelaune that has been soaked in "a
scant cupful of hot water Stir un-
til melted together. then turn into
little individual moulds wet with
cold water. Cnmould on sauce
plates. and use cream over the
jellies.
Skim all cooking fruits carefully,
and if the family vinegar jug. bar
rel or keg is handy turn the skim
mingS into it TO aid in making
vinegar.
Velvet Apple Sauce.
Wash. wipe, quarter. peel and
carefully core one dozen. tart ap-
pies. Slice the apples thin into a
pipkin. squeeze half a lemon into
a Cupful OF water. and turn over the
apples. Cover closely from the air
Put all the peels and trimmings on
to stew in a quarter of water. When
all are soft and the goodness cooked
cut. strain carefully over the apples
and stew gently. When the apples
begin to be soft beat them with a
wooden spoon or spatula. and when
about done add a cupfIl Of sugar
and quarter-cupful of clover honey,
cook to the proper consistency, stir
ring carefully-for it is apt TO burn
after swe etening. Rub carefully
through a sieve into a serving bowl
It is not so much what we cook
rs how we cook 1t that counts in
the result.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-12-30

some hotels in Germany charged
his cher rates to foreigners from
countries where the exchange was
better than in Germany. especially
to Americans. But this practice has
been abandoned by all important no.
tells. She pkeepers occasionally try
to charge Americans and English
me1 more than the marked price on
their goods, but the practice has
been resented so strongly that few
important concerns continue it.
The attitude of the German pub
tic toward English-speaking trav-
elers Is almost universally courteous.
Occasionally Germans will leave a
compartment were English Is spok-
en-. but the great majority of Ger
mans seem to enjoy an opportunity
o practice English and will frankly
say so.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-12-30
OF
CIVILIZATION INVADE
SOUTH SEA ISLANDS

PAPEETE, TAHITI. Dec. 90
Those who Lrave the long voyage
TO the South Seas IN the hope OF es-
&C ping the extravagances Of civlliza-
ton are likely 10 meet with bitter
disillusionment before they have
been in the islands many hours.
The hectic atmosphere OF the
uetroDolitan dance hall has been
waited across The long miles OF blue
sea 70 these isolated shores and
Bcardway faunts brazenly through
the shadows OF the cOcoanut groves
The gramophone has come 10 Tahiti
and has been acquired By every ma
tive who could and the wherewithal.