davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
Hide and Leather
Officers May Get
Share Of Profits
Stockholders Asked to Vote
CD Fund for President and
Vice-Presideni; Company
Rsa;rd ON Dividends

lho rre iant an3 v-.e president of
tae : l.iae an. Los'ser Com
ANY VIA. he the sole benefciaries Il
d loft having plan already approved
is the directors is adopted by the
stockholders at d special meeting set
for September /. The company is III
per cent in arrears in dividends on
It's outstanding preferred stock.
Officers of the company refused yes
tcrday to see newspaper men or make
any explanation of the novel profit
sharing arrangement other than that
contained in the circular sent to the
stockholders. The vlce-president of
the company sent out word from the
Offices that the circular explained
everything.
The official announcement says that
"tne president ana the vice presidents
OF the company are to be given par
t.cipatioa in profits.
'From the net profits of the COM
pany in each year, after the payment
OF all taxes and charges other than
income taxes, and after providing a
reasonable but adequate charge for
depreciation, there shall be deducted
the sum OF $l,600,000, plus per cent
on all additional capital that may here
after be invested in the business.
Whenever the net profits, less ST.
100000 end interest on additional capt
tai invested, shall amount to not ex-
ceeding $l,5GG,000 AZ per cent there
OF, or net exceeding $il2500, shall be
credited to 4 profit participating fund,
which IS 10 be dist 'ibuted to those
entitled thereto within thirty days
after the stockholders annual meet
ing except as and to The extent here
matter stated; per cent Of all net
profits III excess of the $500 900
above named. shall likewise be
credited TO the profit participating
7und ana distributed as above stated,
pfoVidet, however, that such S per
cent SHAH not in any year exceed $50
p'V u say per cent of 81 900 COOS
~ neo fronts - apovc desu d IN cX-
cess CT 1-.3tc Gao 214 Ter cent shall
pc credited to ,ae profit participatines
funt ana distributed as above de-
The plan provides that if in anv
gs%f net rrohts shall be less than the
9l'o'o'ooo' plus per cent on the
amount Of additional capital invested
INC GeNelency is to be carried forward
Ahd before any further distribution is
made Che deficiency must he ma5o
Eood out of future funds. Moreover
1t Is provided that no payment shall
De made IN any fiscal year so long as
dlvldends for that year to the extent
OF per cent on the outstanding Dre-
erred stock remain unpaid or unpro-
1t IS also stipulated that in the
event of additional vice pres dents be-
Ing ,,an elected the limitations on pay
men5s INTO the profit participation
c .uma "' ~ be modified 50 as not to
S Soasaii tne profits of the existing of
The profit participation fund ;s -
be split among the officers in nronor1
ton to their salaries, with the bpard
OF directors having tAe RIGHT 10 chanaa
the method of division if necessary
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
Further Recovery
I'm Stock Market
Cheers Traders
Rails join in Rally, While
Industrials Display Much
Better Tone; Mo
Holds at z Per Cent

Forces working for recovery wcre
again III the ascendancy in the stock
market yesterday and SONS rather
striking gains were recorded in many
OF the industrial leaders. AS on the
day before, ehe professional hear ele-
ment seemed ANXIOUS to cover in part
OF its outstanding commitments and
showed willingness to bid prices up
it order to cover their immediate
needs. 1t was the buying from this
quarter which gave the impulse to the
market, for outside participation was
extremely small and few traders were
disposed to take the constructive side
of stocks.
Ii the market has been easily de-
pressed of late-and to all appearances
the bear operators have found it i'm
possible to force prices off without
much etfort-it has been just as easily
pushed in the opposite direction. Yes
terday, as on Thursday, it required a
comparatively small volume of buying
to cause sharp rallies. The floating
supply of stocks seemed limited and in
certain issues the shorts had difficulty
in meeting their requirements. This is
a good sign, for it indicates that the
liquidation of recent weeks has
strengthened the general position of
A>>>-S 49, ANSS " Whiting ="
sell. AT the top prices reached yes
teIday many lndustr'als ranged any
where from to IL points above their
recent low levels a rather impressive
recovery in view of the unusual amount
of pessimism to be found in the mar
kel place these days: Inc test OF the
marhet apparently IS close at hand
ana 1T is stlli to be demonstrated
whether or not the professionals will be
able to start another successful short
selling campaign once the current rally
mas run It's course. In late weeks the
m m ,i mas oeen made up OF series
Oh oeclines enc partiai recoverles,
cauSoa oy sel!lhg operations Tor the
IAN ana then tho subsequent covering
IN OF snort lln' but each time the
market mas TAI wer.
Again yesteIa II shares were
among the prom ders in the
rally, with the 10 oheny issues
Well III the forclr lean Petro-
leum got above days move,
winch was nearly 0DOVa 10
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
Kansas Wheat Crop Second
Largest in State Histor,

TOPEKA. Kan, Aug. 2o.-Ksnsas
raised the second largest wheat crop in
us history this year, and the corn cron
promises to be the largest in the last
five years, according to the monthly ~
port announced to-day by the Kansas
State Board of Agriculture. based on n
canvass made August II.
A total wheat yisld of 147 900 600
bushels, the same rs forecast mortn
ago. end . prediction OF l279oo,0oo
bushels o corn WAS Estimated in tee
lprort
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
Curb Stocks Rise
AS Stronger Tone
Improves Market
lndustrials in Better Demand
AS Result of Change in
Sentiment; RecoveryFro rom
Slump Seems Under Wav

Recovery from the slump which fol.
lowed pessimistic rumors from Euron.
seemed under way on the curb markst
yesterday, when steady buying caused
higher prices virtually throughout f..
list. 1t was believed that many house,
which disposed of curb issues TO 70.
lieve the strain attendant upon sar.
ging prices Oh the Stock EXCHANGE
were busy buying back these stocks
on the belief that the stringent period
had passed
1ndustrials which failed to reaec,
the better sentiment prevailing Thurs
day to any great extent were mora
active yesterday and with few excep.
tons showed advances. The oils con.
tinued in good demand. General
Asphalt was active and at one time
was up more than point above Thurs
days final sale, but g reaction in the
afternoon carried the stock down to s.
and 1t showed net loss Of a roin.
for the day. Hercules Paper advanced
nearly q point, while Imperial Tobacco
got up to and Indian Packing sold up
to Ga. North American Pulp and Pa
per WIS fractionally stronger. United
Retail Candy was stronger. while Sub.
marine Boat was steady around Thurs.
days closing sale.
In the oil group small advance,
were the rule. Arkansas Natural Gas
moved Up more than a point Carib
Syndicate was about point stronger
while Midwest Reiining's advance was
about the same. Simms Petroleum was
tractionally stronger and White Oil
YVES steady. Ryan Consolidated showed
small gain, as did National Oil 0.
New Jersey. Maracaibo and Merit.
were higher.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
Bethlehem Motors

=, On the news that the creditors Of
NE beehlehem Motors Corporation
Wouid meet in New York next week to
discuss plan of REORGANIZATION If tb oo
affairs of the company. which has ere
parently been hard hit by slowiner
up IN the automotive industry tho
stock slumoed to a new low vesfcrds,
getting down to 1925, and haviny soid
last year as high as As. For some davs
1here has been heavy sellin~ Of The
sIock' an" there were indications of
nome covering yesterday, after the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
Houston Oil

Houston Oil sorang into the lime
light on the exchange yesterday when
it jumped 8 points on a trade Of 900
shares of stock rj~ht at the opening.
Later it sold as h;gn as l04M. Houston
has very narrow market and for this
reason moves widely when it moves
at all. There have been reports lately
about a big operator being caught with
a large block of the stock 1t is also
rumored that Standard Oil interests
have taken an interest in Houston Oil
through having acquired block of
stock through purchase in the open mar
ket. Whatever the basis for these rumors
the listing Of Houston on the exchange
>as not eliminated any of the mystery
which made it such football of spccu-
lation during its spectacular career on
the curb
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
N. Y. Central Oversubscribed

Announcement was made by J. P.
Morgan G. Co. that the subscription
books for the $25.O00,O00 of ten-year Z
per cent bonds Of the New York Cen
trail Railroad Company were closed be-
fore noon. The sale of the issue was
regarded by investment bankers as a
test Of the present state of the market,
and its success is expected to expedite
the outflow Of new issues, which are
now under negotiation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
Long vs.. Short Bonds

In the present investment market, in
which the cost OF new money is ex-
cePtionally high. the borrower feeling
deilation and lower interest rates are
coming. prefers to put out short term
obligations rather than long Assum-
ing this logic is correct, the investor
ought to seek to take ADVANTAGE Of
the present situation BY considering
long term obligations. In the new
French loan. if $1O0,0000oO is the
amount and 8 per cent. the rate of in
terest, the carrying charges in slightly
more than twelve years would be as
great as the repayment of the princi-
pal. That is why France prefers a
short term loan. The exchange situa-
ton gives France a real motive for
borrowing to pay off part Of its share
OF the Anglo-F rench loan. If it did
not borrow, it would have to buy en-
change to create part of the necessary
dollars, and at present it takes about
/ francs TO make dollar Five wears
Renee or longer, France hopes that a
lev el number Of francs viii purchase
a dollar. and the obligations can BE
more aasily met. At par the dollar is
worth SIS francs.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
Scaboard Air Line Maturity

The Seaboard Air Line, which has a
maturity of 100000 to meet on Sep
TENDER 10, is negotiating for banking
accommod ations to take care of the
issue when it falls due. 1t is under
stood that the Interstate Commerce
Commission will not advance the
money. An issue of 100000 of two
year per cent gold notes was issued
in 1917 and year ago the notes were
extended for a year and the interest
rates raised to I per cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
Texas Company

Through ali the recent turmoil Of
selling in the stock market Texas
Company has given an exhibition OF
marked tirmness, 50 much so as to
attract special attention. Explanation
tor the strength of the stock in the
face Of declining prices elsewhere is
probably TO be found in the fact that
the company is considering plans for
regular annual distributions of
stock. John J. Mitchell, of Chicago, a
leading director of the company, was
quoted yesterday rs follows: "a so per
cent stock offer at par calls for large
payments from stockholders and some
are forced to sell their rights. We pay
dividends at the rate of ~ per cent
annually. If We should declare a stock
dividend Of per cent mi-annually
this would amount 20 more than 20
per cent on a stock. New shares would
rot be taxable as income and the plan
would answer all purposes of the pres
emit method. Production has increased
fully two and g half times within the
last year. We have spent q great deal
OF money in the last year or so in
extending our pipe line and tanker
facilities. and this outlay will be re-
Elected in earnings"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
Halt Grain Rate Increase

WASHINGTON, Aug. 2o.--Propose,.
increases in rates on grain from ST.
Louis to Cincinnati end Louisville were
suspended to-day by the Interstate
Ia, flsnding Investigation into tho ysa.
AaAahlanaaA a4 tina chap2aA
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
Paris Market Firm,

FAKlS, Aug. 20. Trading was active
ana prices were firm on the Bourse TO-
uay' owing to the favorable Polish
news. Three per cent rentes, 81 francs
q cenhmes; exchange on London, SO
fran mes 694s confines: per cent loan,
O. francs 90 confines. The dollar was
quoted at IA francs II confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
Bid and Asked


askeu. Bid. Asked
= y Int Nickel pr ~ 50
4lo Int Salt 49,. 55H
2 50 Jewel Tea sa -
- do pr $50. "A 80
o 80 Jones lea ... 1919 Il
% haySer j 49,. 80 80
! 100 X City So pr 43 43l.
20, 90 Nelly Spr pr. SO SAC
l3j do 5 pc DIT. 80 g.,
% Kelsey Wheel. 50 90
3 ll12 do pr $3.50. 81 50
=. ,9 80 kooN & D NJ ! ~.
. 30 ~ = 90 pr -. 70 50
~ ~ 1acicdo Gas. 95 IS
,o9 x '1'Lne f. q W. 10 II 4
~ , VI, pr ,,,r 10 ~,
"a Aies x Mr..l-9 40
% DO pr .... IS 1907
I ~ IN 90 % ..... l20 10
e IA - y" IS III pr. l0l1z 100 Il
q, i'fliiard pr. W 80
81 r,"!isv d n. 97l2 80
- Afa,hat Caonh 80 W =
H. , Wa,,ia. d't, y ::
81, It ",.'ia' ohirt' - - y
Il, Nt" ", VI, ra AIRY. .o'e ~
. silA ,,a ~ w.. 90 81 1a
Is Wa~ ~ 81 % pr o., ~
90 ; May p pe, 81 pr ~. 70 a..
6ls Siich C ~ pai' vs. vs. ~ y
MA w., ,r"s Scltra'. 20 50
NH',i ~ NJ II 721a
= Ia Ia DO , pr 49,, 49, ~ Sc
~ 10 iSu lines. 81 56
! o., y, IA 4 pr ~ ii
= ~ W. Mont on, rover. 81 81
SO Morris &, ia se 80
60 Mullins Ro3r 90 90 90 90
80 do pr 0 oo 90
10G Nash z, cha, ,o ~ 80
I Nnr nis., NiA' ,oo 10
X do n' i ,o2 ll2
On Nst ~ e. . e, lvo -
1o7 ~. " D - 4312
a, \ 10 p 9 c.. SO 80
4 IN Nat raod > pr o. 9l
Z. s MIR n list Or 81, 10 10
a. \ v r. r" !" - 3 .
4 ~, a. ~ . Il 80 50
j.; Hss da o., ~ r.. % "
* \ Y ~ n1 pr e. ~ OIL
100 d, r r''" - -
10 \ Y r. &, y, :. ~ 90
a. \ v n y w w ~ -
s. Norfolk ~ " q ia
~. \o,f &. W ", :. 10 ~
eS1e Otis ~ " pr ol ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21

LONDON; Aug. 20 Bar silver, esA d
per ounce; bar cod, lbs. Money, yer
cent. bisccNnt raies- S,.ort Ail's. r,S
per cenf; three month bills, 6as per
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
The Dollar in Foreign Exchange

Sterling exchange rallied yesterday
and closed n cent to the pounthhi CHER
Tor the day. Continental exchanges
likewise became frmer.
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, 1920-08-21
I'm Wall Street
Vicious Short Selling

Rumors were heard in the Street
yesterday about an investigation to be
made into vicious short selling" on
the New York Stock Exchange Stock
Exchange officials said they knew moth
ing about any impending probe. Severe
breaks in a number Of industrial shares
recently have been blamed to bear
cliques.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21


day. This was the renewal rate. as we'll
as the rate on new loans.
Yester- Year
day. ago.
On mixed collateral. 49,. 7 S
IN industrial collateral. 51a
Time money (mixed collateraD:
Ninety days ......S@8Ia So
-Four months .80S12 so M6
-Four to SIX months s@s1s 5A@6
Bank Clearings@ clcarings at
New York yesterday were: Exchanges,
s671 ,511, 280; balances, $6S,379,44
Silver-London, 63Md; New York, do
mestic, $1.01A; foreign, $l.01$4; Mexi-
can dollars, 767sc.
Sub-IreasUry - United Statcs funds
reserve credit balances, s64,935, O62.
Canadian Exchange-N York funds
Montreal funds in New York, S118.94
discount per 81 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21

Date Company par.ar.
avg. 2i-Atlantic Refining Co ....... S
Avs. St--at.naAra x4siliAs Ca.....a a ssx
A1g. Al do D1 ...............,... III
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-21
souev anna Gres,is

Borrowers at the Stock Exchange paid
: per cent tor money all dav long yeslcY-
day. This was the renewal rate, as we'll
as the rate on new loans.
The Washington herald., 1920-02-02
CrandalI's-Norma TaImndge, In
.She Loves and Lies"

Norma Talmatge has never brought
to the screen a. more fascinating fig
ure than that OF Miss Collander. vau-
deville impersonatOr. in the film ver-
sion of Wilkie Ccllins's sprightly story
of She Loves and She Lies" which
began a two-day engagement at Gram
dalI's Theater yesterday. Miss Vial
made adds new laurels to her wreath
by assuming the guise of an elderly
woman of great wealth and a young
hoyden of New York's Greenwich VII
lage, all to win the sure love of a
young man in desperate financial
straits, and therefore agreeable to a
marriage of convenience as a means Of
eluding bankruptcy. This difficult role
is played with his usual suavity ana
grace by Conway Tearle.
Miss Talmadge's efforts to make
sure of her husbands love by playing
the role of both his wife and his af-
finity meet with entire success. and
permit her again to resume her per-
soma propria for the closing episodes
of one of the most entertaining film
plays in which she has ever been
cast.
The production is a handsome one
and the direction such as to add to the
effectiveness of "A story that moves
with uniform briskness throughout its
length. A strong cast is filmed in the
supporting roles and the photography
is excellent.
The bill for the first two days of
the week is completed by a variety of
abbreviated camera subjects and skill
fully synchronized orchestral accom-
paniment.
The Washington herald., 1920-02-02
Meeting at Liberty Hut
To Swell McKimmie Fund

Further donations to the fund foF
the family of Policeman o. A. Nc
Kimmie. who was KILLED in action"
while trying to arrest a thug re-
Gently. will be taken at a mass
meeting and entertainment to be
held in Liberty Hut tomorrow night
by the Line of Duty Club.
While the Rev. J. Shera Mont
gomery was last night forced to
cancel his engagement to speak at
the meeting. by reason OF the seri-
Gus illness of his wife, there are
on the program a number of music
al and vaudeville events.
Heading the list of entertainers
is the Montrose Quartet and Mrs.
ID. H. Kincheloe. whose Sturn" will
feature whistling and 'darky''
songs and stories. Others on the
program include Milo Atkinson,
stories and a monologue; George
Cowles, solo; Paul and Henry,
songs: B. Eberley. jazz pianist
Ruby Raymond, songs and dances;
Elizabeth Campbell. dances: Es-
telie Murrays Dancers: Frieds
Hauf. violinist. and the Gotham
Jazz Orchestra
An assembled chorus led by
Frank E. Goebel. will open the
meeting with The Star Spangled
Banner"
The Washington herald., 1920-02-02
SUNDAY THEATER OPENINGS

bill at the Metropolitan. Certainly
artistic production must reach It's
zenith in this remarkable subject.
stronger Than Death" is an
adaptation by Charles Bryant. Of I.
A. r. Wylie's novel OF Anelo-Indian
life, The Hermit Doctor of Gaya.7
IL presents as its major theme a
thoroughly Anglo-saxon romance
between Sigrid. a dancer from the
London music halls. seeking health
In India. and Major Boucieeult the
hermit doctor" waging a solitar9
battle against the cholera at Bjura.
A fabulouslR wealthy native, half
British, seeks Sigrid's hand In mar
riage, and is accepted. Enraged by
his inability to gain social recogni-
tion In his wife's circle. he plots an
uprising OF the natives and mas
sacre of the whites sSigrid thwarts
the rebellion by dancing at the
Temple of vishnu. where she is mis-
taken for the traditional bride Of
Vishnu," while Major Boucicoult
speeds away for relief from tn.
garrison. Nazimoya, In the role OF
Sigrid, mounts to new heights OF
artistry and brings to the part all
the poise. all of the variety of ex-
preston and all OF the interpreta-
tive strength that have placed her
foremost among the real actresses
lending distinction to shadow
drama. Charles Bryant, in the role
of the Major. Offers one Of his best
impersonations. and Herbert Prior.
as the half-caste Brahman, adds an
especially sinister note to an incom-
parable acting ensemble, in which
Charles French and Helen AcWsde
are conspicuous figures.
Abbreviated camera subjects and
appropriate orchestral accompani-
ment, including the overture,
Tampa" complete a bill that will
probably continue throughout the
week to turn hundreds away at
each performance, just as IL did
yesterday.
The Washington herald., 1920-02-02
COMFORT WAGE
aim OF MINERS
Leaders Tell Coal Commis-
sion Social Progress Is
Right of Workers.

Appealing for wages sufiicient 70 en-
able them to progress socially and
educate their children. bituminous coai
miners yesterday filed with the United
States Coal Commission statistlce
tending to show their present ware
scales do not permit them TO rnafuta N
an AmericAn standard Of living.
The ruling of the War Labor Board
that minimum rates Of pay shall be
established which viii insure the sun
sistence OF the worker and his family
In health and reasonable comfort w.s
cited by the miners. This principe.
they point out. was accepted and on
cislly proclaimed by President Wilson
for the guidance Of all goverument
bureaus during the war. and IL sfiIl
binding upon the Fuel Administra-
tion.
The miners are willing. they say. 10
abide by impartial estimates of urhat
constitutes a reasonable living wage.
The leaders OF the miners quoted the
, results Of five recent Investigations
made to determine what Il cost 10
maintain an average American fam
ly OF 1--WE on sbare subsistence level.
The average for the five investigation
was 1.6o5. These figures, Il was
stated. allow nothing for comfort.
health, savings. recreation or amuse-
ment. but show the amount needed 90
maintain a family just above the pow
erty level
The miners contend that during the
six-year period from 1913 to ls1s, In
elusive. the miners of the central com
petitive fields. embracing the largest
coal areas. were culy able to earn an
average annual -srls ornting 70
81 .as2 50. This is S5-,5' /. year less thar
a bare living waE.-
The Washington herald., 1920-02-02
Men MARBLE IN Cathl oom;
Professor Finds Reason

London-The da, . s1m z when the
corner trafic cop EIl Nayr UGH mu-
sically attuned ea -hsi 2 can esj1E
mate the exact sp, sE SE.s'~ agIo z y .
the hum OF the er-lus sd haris1 a
scorchers int rJH7~ EC--rstIr- ~
That is the oIEinogs suracssgt - Pr
W. II. Bragg. rr1FUsE0r ~ rft.'Ea-- b.
London UniveIz s.. FH saFs 1L - >os-
sible to estimate crrfac =. fbe speed OF
a motor car by tEs ference IN pitch
OF the sound " men coming toward him
and when going away.
Prof. Bragg says the habit Of per-
sons breaking into song in the beth
room may be attributed to the note
struck by running water End the
resonance Of the sparsely-furnished
bath room.
When you get back into the dress
ing room" he said. you find you have
lost the advantage OF the note"
The Washington herald., 1920-02-02
Hitchcock Moves Office,
Anticipating Leadership

Senator Hitchcock has moved in
to the Capitol offices formerly oc-
cupied by the late minority leader,
Senator Martin. in the apparent be-
lief that he is going to be chosen
leader. or that his present status
as acting Democratic leader will
continue for some time to come.
When the caucus adjourned JAN
uary Is. there was an understand
ing it would be called together
again at the joint request of Hitch
cock and Underwood for another
leadership vote. Hitchcock left
Washington for Nebraska Friday
but is expected to return by next
Thursday.