davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-11-07
/ nc Dollar in Foreign ExcI,anse

The American dollar rose to new
heights in the world markets last week.
I,Achange rates in this market moved
sharply against London, Paris, Rome.
% ram, Amsterdam; in fact, practic-
ally all Of The leading EXCHANGES re-
acted swiftly. In many cases new
log record levels were made. The
moVement had no new explanation.
hankers said the supply Of foreign
rl4-s greatly exceeded the demand
~ reason Of the heavy expectation Of
American goods, and this created
market. condition which made further
ceclne a natural Development
sterling exchange broke under SO 40
last week for the first time on the
current declining movement Sterling
to-day stands at some 60 cents to the
pound under the quotation attained on
the rally from last springs sharp set
back Offerings Of sterling bills were
heavy last wee. A similar condition
existed in the market for francs. which
got down close to cents.
Exchange on Italy was without anv
support to speak Of and lire fell below
3 Ed cents, setting a new low for all
t.Ae An Italian cores spondcnt, dis
cusslng the depreciation in the value
ot Italian exchange in the world mar
Hct, says:
''in banking and trade circles it is
soid that the political occurrences,
mainly the fear that the last dispute
j. the IRON and steel industry, with
Che forced surrender of employers. will
be only the first of series of bitter
disputes which may end in the over
throw of the present industrial system.
1t also is said that foreign bankers and
trading firms are reducing or closing
credits opened to Italian customers; so
that it is Increasingly difficult for
our industry TO pay debts which arc
falling due and it win be increasingly
difficult to obtain new credits for
purchasing coal, wool, cotton. iron and
other raw materials of industry. If we
could have a year Of continuour work
the balance Of international commerce
IN ght returned to 81 normal condition,
and SO far as the depreciation, or
rather the unstable value, of the lire
depends on excess Of imports over ex-
ports the foreign exchanges would be
stabilzed.'
If you calculated the cost Of the dol
lar in terms Of foreign money or cur
rent exchange values-th that is, if You
were buying dollar with pounds,
marks or francs. its value at the close
of last week. compared with a year ago,
follows:
New-York tribune., 1920-11-07
Southern Pacific's Oil Holdings

Estimates of the value of Southern
Pacific's oil holdings run as high as
$500, 100000. The company owns 1871
600 acres of oil lands, of which about
10000 acres form proven territory. 1t
also owns $4,000 900 of the 1899 .97OO.
OOo capital stock of the Associated Oil
Company and all that company's So
100000 first and refunding mortgage
bonds. Proven California oil lands
have sold as high as $4,000 an acre.
baslng their value on the more con-
servative figure Of $1,000 an acre would
give worth to the 10000 acres of
Sl0O:O0O.0o0. AT presetn prices, South
ern Pacitic's holdings of Associated Oil
have a value of s22,oooO 900. Here is a
value of $122,000, 900, not including the
Associated Pipe Line stock, etc, or
the remaining 100000 acres of oil
lands. here are about 5000, 900 shares
of Southern Pacific stock upon which
the above valuation, according to Good
body Co., figures out at $40 a share,
allowing nothing for the potential
value of the remaining oil lands. "As
a railroad stock says the firm. south
ern Pacific is certainly no better than
Atchison, selling at SSS a share. or so
points under the high which Southern
Pacific made Thursday. Figuring its
oil property at minimum of $40 a
share, the stock, to line up with Atchi-
son, should sell at at least $l28, and
then some, for the additional acreage" ="
New-York tribune., 1920-11-07
Continued Drain
On Credit Shown
Bv Reserve Bank
Ratio Declines as the Result
of Increased Borrowings
by Interior; Gold Ship
ment to Japan Withdrawn

The continued drain upon New York's
creditor reservoir from the interior of
the country was reflected in the weekly
statement Of the Federal Reserve Bank
Of New York. which disclosed a less
favorable reserve position for the local
institution. The ratio of total reserves
to deposit and Federal Reserve note liza
bihties combined stood at 3s.6 per cent
compared with 39l per cent
The New York bank lost approx
mately $900O,o00 on transactions with
other reserve banks through the gold
settlement fund. A gain in gold and
gold certificates of approximately Sl0,
100000 was more than Offset by a loss
in gold with the Federal Reserve agent
The local bank contributed Il portion of
the gold withdrawn for export from
San Francisco to Japan during the past
week
Borrowings Of the local Reserve Bank
New-York tribune., 1920-11-07
Crude Oil Production


The daily average grocc production
of oil in the United States for the week
ended October 80 was 1SlO,8s5, com
pared with 1924 ,425 barrels for the
preceding week, according to estimates
OF the American Petrolercl Institute.
THE estimated average greos produc-
tion of the Md-Continent (light OLD
field for the week ended October &c. -
says the institute, was 702 200 barrels,
as against 1925 barrels for the pre-
ceding week, showing loss of 1885
barrels. The estimated average pro
duction of the Gulf Coast (heavy OLD
field for the week ended October 80 was
124,185 barrels, as against 116,190 bar
rels the preceding week, gain Of
1895 barrels. The combined estmateo
gross production of the Southwestern
oil fields for the week ended October
New-York tribune., 1920-11-07
In Wall Street
Old Dame Rumor

Old Dame Rumor has been a busy
lady since the election and most Of
the reports sche has been spreading
have been Of the pessimistic sort The
extreme weakness in the industrial list
IN the last few days has caused her to
whisper in the ears of bear traders,
Tor example, that a prominent motor
company is in financial straits And
she mas also told story that n promi-
nent steamship company with extern
slve oil properties has struck salt
water IN some Of it's wells. To cap the
c;lmax this temperamental person with
the connivance of several bear opera
tors has now issued the astounding
information that the market next week
is going to have n severe break 1t is
pertinent to remark, however, that Old
Dame Rumor has often been wrong in
her prognostications.
New-York tribune., 1920-11-07
The Foreign Exchanges

One fthe bearsh influences on the
market during the week has been the
marked weakness in the foreign ex-
changes. The unsettlement in this
quarter has thrown fear into the
hearts of holders of stocks whose mar
gins have been none too secure and as
result they have thrown their hold
!ngs on the market for whatever price
they would bring. A prominent for
cign exchange banker sees no imme-
diate relief in this market where buy
ers seem to be as scarce as hens teeth.
There has been q lack even of the
usual speculative buying, due largely,
IN this bankers opinion. to the heavy
losses that have been taken on prcvi-
Gus f1iers. This lack of support.
1 coupled with the increase in bill offer
ngs resulting from exports of food
stuffs is regarded in foreign exchange
circles as a harbingcr OF even lower
levels for the European moneys.
New-York tribune., 1920-11-07
Southern Bankers Meet
10 Form Expert Corporation

NEW ORLEANS, Nov. 6.-Southcrn
bankers met here to-day to plan the
trading corporation, which viii estab
hsh banking facilities to market the
agricultural products Of the south IN
Europe.
=, The meeting was called by Robert F.
sMaddoxs. president of the Atlantic
National Bank and chairman OF
special committee appointed to inves-
sgate the possibilities OF such cor
yorallon at the recent annual meeting
y, u, the American Bankers Association.
iae plans contemplate establishment Of
branches in Cuba and South and Cen
sraI America. While cotton VIII re-
eelve elve first attention, it is planned to
nave the corporation handle all South
ern products.
New-York tribune., 1920-11-07
The Cuban Moratorium

In local banking circles i. is said
that conditions in Cuba nave not ysl
improved to the extent that will permit
the lifting OF the banking moratorium
on December l. 1t is believed that the
moratorium may have 70 be extended,
as few bands or business houses can
pay without embarras sment the accu,
mulated maturities Of the past fifty
days. One of the factors that may
make necessary the extension of tho
moratorium is the fact that no definits
progress has been made in the negotia,
tions for 50.000,000 Cuban loan.
Bankers identified with the ojectei
financing said yesterday that'the stu,
alton in this respect had not changed
within the past few daYs
New-York tribune., 1920-11-07

from other Reserve institutions were
reduced last week from $4,000 900 to
S44,700,0O0. Borrowings Of member
banks against commercial! paner in
creased from S469 600, 600 to S474.31Q.-
6l6. Borrowings against government
war paper decreased from $5l5,94IOo0
to S5l3,943, Jos.
The New York Clearing House banks
reported contraction of S54.25500O in
loans and discounts, while net demand
deposits decreased s7S,323,00O A deficit
OF $780, ,790 in reserves was shown
compared with q surplus Of more than
81 5.000,0O0 the week before United
States government deposits with local
New-York tribune., 1920-11-07
New Rubber Process

recent demonstration in India o.
new process for the vuicanization Of
rfuooer rner took place at the Manchester
oolieee of Technology, 1t is announced
~ an issue of Commerce. Nuicaniza-
.'on Of crude rubber mixed with d large
proportion of waste material like leath-
sr t shavings or sawdust was proved By
.his method to be chemically possible.
as we'll as a saving in time and cost
compared with existing methods 1t
~ !. Claimed that this process viii pro
euce material which will stand the
test OF wear and weather.
New-York tribune., 1920-11-07
Big Sale OF Copper

Doubts concerning the recent report,
Of big sale Of copper at - cents 1
pound have been dispelled by the a..
nouncement that the sale VAS made t I
the American Smelling Refining Cor ,
pany. It was al first reported thar Il !
transaction involved total Of $50. .00a
900 pounds. but later repors give L 4,
figure as 135,o000o0 pounds Deliu
cries. II Is said. VIII star. next mont.
and Will continue through January ant
February
New-York tribune., 1920-11-07
The Auto Outlook

In letter to stockholders outlining
its views on the situation in the autc,
mobile industry the Standard Parii
Company OF cleveland predicts tn.
the coming winter viii be trying ona
but makes the forecast that by Maroi
next year a new buying wave will starr
We have every reason TO believe
says the company, that the industrr
viii pick UP then and will continue f,j
j number of years. not at its frenzie
speed of 1919 and the early part =
ls2o but on more sound and profit
able basis -
New-York tribune., 1920-11-07
Paris Market Active

PARIS, Nov. Trading was activa
ard prices were firm on the Rorrs.
to-day Three per cent rentes. I
francs so centimcs. Exchange On Lon.
don, SO francs Is cent.mes Five pei
cent loan. 85 francs % cent.mes. r f,
dollar was quoted az is francs 50 i
centimes.
New-York tribune., 1920-11-07
20 was s2s,3s5 barrels, compared with

30 was s26,3S5 barrels, compared with
S29 1925 barrels the preceding week. 4
loss of 3,O40 barrels. While Central
Texas showed an increase OF 5000
barrels for the week ended October 80,
North Texas recorded a loss of 6,4Si
barrels, North Louisiana a loss OF 300
barrels, and Oklahoma Kansas a loss Ct
1850 barrels, these decreases account,
ing for the decline in the Mid-Conti,
Dont field. The gain of 1000 barrels
for Stephens County in Central Texas
vas partially offset by losses in the
Ranger and Desdemona districts"
New-York tribune., 1920-11-07
Dividends

Rare and Holders
Period Payable OF Rec.
p- ...-....--li-c C. q Ian. Dec. IS
N;i .at Lakes Dreage
and Dock Co... -Te q Nov Is Nov. s
Int irrational Cotton
Nils ......... go q Dec. Nov 90
40 pi. .....-.. ! i 70 Il Dec. Nov. 20
60. ..-.......... 75c q Nov 30 Nov. 20
do pf --......-.I24 = co a Nov so Nov 20
New-York tribune., 1920-11-07
Financial Items

Guaranty Trust Company II New York
has been appointed trustee of the Aneri-
can ship and Commerce Corporation trust
indenture dated August IS. securing an
auth horzed issue OF se.l93.eo0 par value
l0-year sinking iund 10 per cent con
vertihlo notes. due August Is. 1890.
New-York tribune., 1920-11-07
London Moaev Market

LONDON, Nov. 8 Bar : lVer. as. 1
per ounce. Bar gold. zoos Money. !
per cent. Discount rates Shor, a.
three months bills. 6ss &c 1l-l6 Dc,
cent. Gold premium ut Lisbon, 1900
New-York tribune., 1920-11-07
Silver Market

Silver London. 54asd; New York,
domestic, 99Ec; foreign. SIC; Mexican
dollars, 62 l2c.
New-York tribune., 1920-11-07

banks totaled Sl5,38s,OO0 at the end of
the week. reduction Of Sl1,00O.OO
from week ago.
Evening journal., 1920-04-23
AVIATOR OFFERS
TERMS TO EL0PERS

SPOKANE. Wash, April 23.-"Tom'
cvmons. spokane airplanc pilot, ouers
special Inducements 10 elopers.
Sea captains tom says. are lords
and masters Of their craft three miles
ifom shore They arrest and Judge
lni marry and bury and sell hooze.
lit contends there's similar pen
nl Cular lhree-mile limit.
'iU ctpt8in.' says 'lOm,l "and my
sirraiis Is clopcmcnts. There's no
fatn lof a preacher in my air bus,
81 ll cafry a prayer book myself
ard fri!oini the ceremonies we'll out
reach Of pursuing indignant
fa'tls'
Nncn NE baroeraph needle tickles
rle line that saws the earth is three
~ irs aNay--straight down-"Iom
A4,s ben hold the controls with his
Autt and lean back in the cockpit to
i9in loving hands together and say
ihe Blessed words.
The only trouble Is the dictum ol
ihe Peace Conference air experts tha
decided cir is nati0nal--in other words
that the United States Is the Unite,
States clear up 10 Tho ceiling
But I'D let them take me TO court
declares Tom" Wen see Wei
sec II they can stop an old air salt
from earning an honest living tyinl
knots for runaWaysl Well sccl
Evening journal., 1920-04-23
FARMING AS
Unrest Cure
Development of System Ex-
pected by Experts to
Beat Living Cost
WILL ALSO MAKE
LIFE ATTRACTIVE

WASHINGTON. Anrll 23 California
and Arizona are teaching the more Sc
date East and Middle West the soiu-
tion Of unrest on farms and other
problems Of agriculture, according TO
Department OF Agriculture specialists
These two Western States are wit
Messing the development Of a system
of intensive farming, Which Is rcplac-
ing The arid wastes and the huge uii-
cultivated ranches Of The country dis
tricls
Authorities declare that the West
crn method of farming IS gradually
coming Eastward, Improving condi-
tions Intensive farming is an intel,
lectual as well as a physical game, ana
as such is attractive.
Department Investigators contend
that The permanent solution OF inc
unrest situation as well as that OF
large landhOldings throughout the
| high prices lies In The division or the
country into small farms; on when
production can be greatly Increased
/ by irrigation, crop rotation and otler
| features of intensive farming.
Certainty Of crops, close proximity
10 cities. enabling better living ana
amusement, and Improvement ~
/ homes and comforts are possible
through advanced and intensive pro-
ductiOn. Il Is held.
The so-called projects Of the West
in which either Government or private
capital has brought watcr 10 diner
wise desert areas are cited as models
OF the possibilities OF agricultural M
prOvemeni. The Government has
Watched with especial interest a COM
munlty undertaken 10y the state OF
| California at Durham, in the Sacr0-
mentQ Valley. That state IL buying
great ranches and cutting them up IN
4 10 small farms.
THO Durham ranch became a colony
on which almost 100 families lived
I where only five white people had tof-
merly existed The community or
ganized and farmers I'm IL lolntly en-
gagged manager. who did all lhell
huylng and selling BY specializing
nrst i'm Hereford cattle and then IN
particular kind Of cotton is now on
prosperous footing. AS the result o
ihe states success, private compahle
lore duplicating the enterprises,
This plan has attracted attention u
other states, and VIII soon pc en,pius
led even in the Atlantic Seanoarl
States. department authorities llilhh
to reclaim lands which are talllnS Y
support their occupants owing TO lac
OF enterprise.
More than i.OO0.OO0,OOo tons OF good
were hauled by motor trucks III u'
rr,lt.l Etufoc last wear
Evening journal., 1920-04-23
OHIO AIRMEN TO
GO TO CONVENTION
In PLANES

COLUMBUS, Ohio. April % United
Press )--Of the 500 or more OF Ohio's
former aviators who are expected in
Columbus May G. and g for the first
annual convention Of the Associated
Aviation Clubs Of ONO, a large num-
ber have signi1ed their intention Of
making the trip in aIrplanes.
ohio First In the Air" will be the
slogan Of the convention, which will
draft general program for the ad-
Nancement Of aeronaulics in the State
Tentative laws TO govern aerial trafilc
In Ohio and to regulate flying ma
chimes engaged in carrying passengers
are being drafted by committee. II
Evening journal., 1920-04-23
HOW TO PACK
YOUR TOMATOES
Specifications Apply to
Grading Vegetables and
Marking Containers
PLAN REPRESENTS
BEST PRACTICE

WASHINGTON, April 23.-The Bi-
reau OF Markets. Department OF Agri-
culture. has announced the following
proposed specifications regarding the
packing ard grading Of fresh toma-
Toes. quality definitions, and the
marketing OF containers. These rec
lamentations for grades are based
on observations and Investigations
made in the most OF the important
producing sections and large markets
ana represent the best commercial
nractlce. The specifications may be
0pplied To an fresh tomatoes, whether
they are packed or not.
In a general way the No. 1 grade
is intended 20 include the tomatoes
which are found in the better mar
kels of ihe present commercial fancy
and choice grades. The minimum size
for the flrst-grade tomato IS placed
al two inches because this is me
smallest size ordinarily used for slic-
ing and salad purposes. This size
would correspond 60 the smallest to
malo used IN the $50 pack and In the
six-haskei carrier or in the 90 pack
in the four-basket nat.
The No , grade is intended to in
clude the smaller tomato ana ali
Others suitable for shipment, such as
pnffv and scared tomatoes, crooks
and caifaces. The minimum size OF
one and three-Quarter inches corrc
sronds 10 ihc smaller tomato in The
2i6 ami gem packs or The siX-bas-
The 10. 3 grade is Intended TO ln-
clude tomatoes which are suitable for
shipment TO distant markets, but ae-
ceptablc for local use or nearby mar.
.+Rcie. These usually are tomatoes IN.
, iured BY growth cracks, mechanical
punc.uris BE-. which are likely io
cause leaking or me Juices. y iran-
sit This grade Will also include to-
matocs affecied with more than eight
nallhcad spois on a specimen.
II. s Grade No. 4 shall consist OF
sound tomatoes which are OF similar
Varital characteristic. mature. but not
ovarrlpe and soft. we'll shaped plump
and reasonably smooth, which are
free from blossom end, rubbing or
other scars which indent or mis-
shane the fruit from STEM end on
growth cracks more than one-nali
inch IN length and from sunscald end
catiaces: and are practically free from
damage causd by disease, insects
haf. mechanical or ofher means
Earh tomato shall be two inches ol
more IN It's greatest diameter aud, u
wrapped shall be wrapped separately
In order 10 allow for variations I'M
cdent 90 commercial grading ano
handling 80 per csntum by count OF
any lot may have as many as nv
naihead spots or similar superilcia
injury on any tomato. and eight PEI
cenhm by count OF any lot may bi
otherwise below The requirements o
This grade. but not more than Three
oighths Of This eight per centum ma
be materially injured by decay
Evening journal., 1920-04-23

approved by the convention the pro-
posed drafts will be presented to the
state legislature at its next session.
Details Of organization Of aerial police
and federal reserve air units will be
worked out.
Among those invited to attend the
convention are Major r. W. Sehroe-
der lof Dayton, holder OF the worlds
altitude record; Captain Eddie Ricken-
backer Of Columbus, Americas "ace
Of aces; Lieutenant Colonel Hartney,
! OF Washington General Menehor Ad-
jutant General Roy r. Layton, Eddie
Stnson. pre-war ilier, Colonel w. A.
Bishop, v c. commanding officers OF
various aviation flelds in the United
States and mayors OF the larger Ohio
cities. Major Schroeder. Captain Rick
enbacker and others are scheduled to
speak.
The average length OF time for d0,-
0O0-ton steamer 10 unload and reload
in New York harbor is ~ days.
Evening journal., 1920-04-23

Wilhelm H. detained elsewhere,
missed an Interesting social event
when he failed 10 attend the wedding
OF two Americans, Miss Elizabeth
Williams and Major Charles G. Mot
tier, In the ex-kaiser's own personal
and private chapel i'm COblenz. Major
and Mrs. Metller have arrived in
Washington from the American zone
OF occupation.
Evening journal., 1920-04-23
FFATUFRs ON SHOE TOPS.

NEW YORK. April 23.-Fine feathers
are not to be confined TO women's
summer hats. Wings OF various
shapes and hues are 20 sprout from
shoetOps, according TO Nine. Jeanne
ChlkbOon. a Partisan fashion writer,
who arrived from Havre yesterday
on La Touraine. She came for funds
to care for Partisan shop girls, and
told Of this latest Partisan fad. Many
Mercury-footed girls have appeared
on the boulevards there.
The distinctive feather may denote
the strain OF the chicken that grew It
and the one who wears II. Feathers
are likely TO be in great demand.
kut-kut, kedahkutl
Evening journal., 1920-04-23
MILK COW. NOT MICH.

WASHINGTON. April thereafter
II will be milk COW" and not "mlch
cowN-at least so far as the Depart
ment OF Agriculture is concerned.
This decision marks the termina-
lion OF a controversy In which ETY.
mologists in the department have had
not a little interest Those defending
'milch" have nointed 90 scriptural
use and certain OF the classics as es-
t0Dlishing precedents, while the on
position has contended that dairymen.
ranchmen and farmers in general use
milk instead OF "milch" almost uni
Versally.
Evening journal., 1920-04-23
OVERALLS MAY
GUST UNIFORM

HOT SPRINGS. Ark. April 23-The
nationwide overall Club movement
may mean abandonment OF the letter
carriers uniform
posioi1lce employees here have put
The matter up 90 Postmaster Robert
IT, Smiley, who has passed 10 on "a
Washington for a ruling. They ASH
permission to don the work garments
Evening journal., 1920-04-23
CHINA Is MENACED

W SHANHGA. April 23.-Thc alumni
OF Christian colleges in China are
alarmed over the spread Of foreign
vices 10 this country. Cigarettes and
Whlskev are displacing opium, and
poker IS supplanting fan tan and lot
terry Last year 100000 packs OF
cards. valued at Si.OO0.000, were i'm
ported. and In one month recently
|, 100000 packs
Evening journal., 1920-04-23
ST. PAUL BUYS EXPENSIVE WIND

ST. PAUL. April 23-EVen wind 'las
increased in price here. Wind de-
llvered from the end Of trombone or
a French horn will be bought by The
city at a much higher rate this sum
mcr Band concerts will cost as
500 week more says Commission
en- Clancy.
Evening journal., 1920-04-23
pRETzEI.s SELL AS WELL AS EVER

EVANSVILLE, April % Prohibition
didn't hurt the prctzel business. says
William Stadler. a pretzel producer
ing, too. Siadlcr says the price Is up
B or 4 cents a pound since the ma
ton became wetless.
Evening journal., 1920-04-23
WOMAN WANTS DUTY ON BmDs.

CLEVELAND, April 23.-Mrs. l.. B
Burkett has asked support here Tor
a bill in Congress putting tarin OF
So per bird on imported song birds
ITS 10 save the American bird busi-
ness" she says.
Evening journal., 1920-04-23
NEW Gnu rs THROUCH.

I TOLEDO. April "a new gnu Is
through here No. the gnu did moi
Have pneumonia. The gnu kicked
himself to death on his way 70 the
Toledo zoo.
Evening journal., 1920-04-23
LAD REFUSES TO

LAD REFUSES TO
DIE FOR GOVERNMENT
AKRON, April 23-William Wirt's
name is being chisled from the
bronze tablet Of honor The Goodyear
Tire Co. erected TO The memory OF
employcs killed IN the war here. 10
MAS spclled correctly and II looked
p.titv." hut there was one drawback
-Nirl wasn't Killed a-tall. lie saws
so himself. The War Deparim 'nt Is
Irving 10 convince Writ he was buried
In France. Wirt says IL will be awful
II the government wins the argument.