davidaulloa/AmericanStories huggingface dataset:
Catoctin clarion., 1920-12-23
PLANNING GREAT FLEET
Navy Departments Program Calls for
Ten Superdreadnaughts

A program calling for the constrnc-
tion of ten superdreadnaughts and SIX
battle cruisers will be presented to
congress by the Navy department.
These warshins are to be built within
n neriod of three years.
Particular attention la being devot-
cd TO two new types Of so-called aux-
I,'arps. The first type has been
rnmed "destroyer leader" AZ planned.
t',nv approach the battlecruiser In size,
speed and offensive power.
The other type Is light cruiser Of
speed heretofore unknown In any
American cruiser.
Catoctin clarion., 1920-12-23
SANTA GOING TO-DALMATiA
American Admiral There Says Chill
dren Have Forgotten Toys.

oreh rave FoTootten ioys.
A Santa Claus ship is going from
America to Dalmatia. 1t will be fur
nished by the navy department, and
the cargo which is to delight the kid
dies Of the Adriatic sea country, will
be supplied by the American Junior
Red Cross.
The sending of the ship was sug-
gested by Rear Admiral Andrews, COM
inanding American naval forces In the
Adriatic. He wrote that the children
of -Dalmatia needed better clothing
and nourishment than they received,
and that they did not know what
toys were like
Laden with 1000 pairs of socks.
like number of stockings, thousands
Of cans Of condensed milk and hun
dreds of bars of chocolate and toys,
the vessel will leave Hampton Roads
early enough to reach Spallato SO the
gifts can be distributed before Christ
mas,
Catoctin clarion., 1920-12-23
SHOWS RED TO COWS
Things Then Happen, but Railway
Line 10 Cleared.


Bull fights are against the law In
New Hampshire, but these were cows.
1t happened when flock of cows
with lone track minds" congregated
on the Boston 4 Maine line between
Portsmouth N. H., and York Harbor
and refused to permit train to pass.
Finally brakeman armed with a
red flag assumed the role of tOreador.
Whirling the flag around his head. he
started across the field
With heads down and tails, up they
started after him. He was doing
about twenty miles an hour but the
herd was gaining and he was rapidly
losing his taste for COW fighting.
Then he circled back Of the train
and caught the last car as 1t whirled
past.
Catoctin clarion., 1920-12-23
Gelatin Caused Wall Street Blast,

The Wall street explosion, in New
York city, which cost 30 lives and
shook the financial district. was
caused by the detonaton of at least %
pounds of blasting gelatin. Or. Walter
T. Scheele. explosive expert. has re-
ported to the Department Of Justice.
Catoctin clarion., 1920-12-23
Left Loot In Cemetery.

Postal inspectors are searching for
the band Of mail robbers who abmn-
doned their 100000 loot In checks In
a graveyard at Kansas City, Mo-. after
stealing q mail pouch from q railroad
statton,
Catoctin clarion., 1920-12-23
poI,e. Nav Not Drink Seized Booze.

Police May Not Drink Seized Booze.
Although no method Of dispoSing OF
viii sky confisrated by police and pro-
hibitiun agents has been decided upon,
Federal Judge Thompson of PhilAdel-
phia declares It must he destroyed by
other means than BY swallowing by
the officerss
Catoctin clarion., 1920-12-23
Want Voice In District
Government.
Bill Would Give Washington
People Right To Govern
Themselves.

Washington D. c., Dec. l6.-Repre-
sentative Frederick N. Zihlman, of Cum
berland, today introduced in the House
bill to enfranchise the people of the Dis
trict of Columbia. The measure was re-
ferred to the District of Columbia Com
mittee and hearings will soon be held on
it.
Representative Zihlman is known as
staunch friend of the National Capitol.
He has had long and distinguished
career in the Maryland Senate and the
National House of Representatives. He
is former president of the Maryland
State Federation of Labor. Mr.. Zihlman
believes that the 'disfra, chised half
million" in the District of Columbia are
entitled to the political liberties enjoyed
by all other citizens of the Republic.
1t is not generally known that the
nearly 500. 900 inhabitants of the National
Capitol are completely disfranchised.
They have no voice in their municipal
government, no representation in Con-
gress and cannot vote for a President.
For long time the disfranchised Wash
ingtonians have agitated for self-govern-
ment, and the Zihlman bill is step to-
ward that end. MIR. Ihlman stated to-
day that he intends to use every possible
effort to have his measure enacted into
law.
The Zihlman bill provides a complete
local self-government for the District of
Columbia. Under it the people of the
District would elect every two years two
delegates in Congress. four commission
ers. public utilities board of five men,
bers, and board of education of nine.
At present all of the officials named are
appointed by the President. There has
been great dissatisfaction over the ap-
pointive system among the people in
Washington for many years, who desire
to have the privilege of at least choosing
their own municipal officers by manhood
and womanhood suffrage.
Catoctin clarion., 1920-12-23

Wearing Shoestrings for Necktles.
More than 100 pupils Of the high
school at Hagersiown. Md, are wear
Ing shOestringS for nerhties II an ef-
fort to force down the price of ties.
New-York tribune., 1920-01-03
Sharp Advance
In Stocks Follows
Decline i'm Money
Unexpected Drop in Call
Loan Rate Gives Life
to Market; Pool Opera
tions Help Rise Along

Swinging into the new year, the
stock market got away to a strong
start yesterday. Industrial shares,
particularly the specialties, developed
most vigorous tone in the fore part
Of the trading session, and number
| Of issues made new high prices for
the movement. Later on profit taking
sales appeared in heavy enough volume
to cause substantial recessions from
the earlier highs, but the closing tone
was strong.
| Two developments stood out rather
prominently. First was the active bid
ding by speculative pools which last
week took on renewed courage when
the market held up in the face Of Is
per cent call money. The second was
the decline in call money in the after
noon after the demand Of brokers had
been satisfied to per cent.
The renewal rate as we'll as the
opening rate on call loans was 15 per
cent, rather high figure. particularly
for renewals, and the same as OBJ
tained earlier in the weak But sub
sequenrly the demnd for FUNDS for
stock market purposes became lighter
and in the afternoon the banks Of
fered money rather freely at the per
cent rate. The government made
heavy withdrawals Of funds, the total
I. for this account alone being put at
$100,000,000 yesterday, but prepara-
tions to meet this drain had been made
the first half of the week.
Many investors who SOLD stocks in
the final days Of 1919 to establish
losses for tax purposes and did not
buy them back because they have felt
that they might be able to buy them
back at lower levels are still waiting
to see what is going to happen next
in the market. At the same time there
is good deal of repurchasing going
on, and brokerage houses reported yes
terday that much of the buying during
the day came from this quarter. Pro-
fessional pools were held responsible,
however, for shaping the course, of
prices in the case of many of the
Industrial specialties.
Wall Street, or at least that part
of it which is in touch with the inter
national credit situation, laughed at
the wild press reports which appeared
over the New Year holiday telling of
an attempt that was being made on
behalf Of the British Treasury to OBJ
tain $4,000, 100000 loan from the
United States. The reports are brand
ed by the banking community as be-
ing -preposterous and without any basis
in fact.
New-York tribune., 1920-01-03
U. S. and Uruguay Agree
To Arbitrate Disputes
Commercial Differences Will Be
Settled Through Chambers
Of Commerce

WASHINGTON, Jan. 2.-An agree
ment to arbitrate commercial disputes
arising between merchants Of the
United States and Uruguay has Just
been concluded by tho Chamber of
Commerce Of the United States and
the Camara de Concrete. Of Montevideo.
Similar agreements have been made
with Ecuador, Argentina and Panama.
The agreement with Uruguay pro-
syides for an arbitration committee Of
-nine members in each country. On
the American committee, five members
will be nominated by the Chamber Of
Commerce. Of the United States and
approved by the Camara de Concrete,
and four will be nominated by the
Uruguayan organization and approved
by the American chamber. The per-
ssonnei Of these committees will be
announced soon.
There also will be = list Of Official
arbitrators in each country containing
sixty names, thirty Of these being
selested by each organization In the
same manner as the committees are
chosen.
( Whom parties at dispute in the two
countries agree voluntarily TO arbi-
strate their differences they may select
sany persons they choose 40 arbiters.
! Whom one party refuses 10 arbitrate
sths arbitration committee will select
sssrbitsrs from the Official list Of sixty
tuAmeAs
New-York tribune., 1920-01-03
The Full Year

The United States Steel Cornora-
tlons tha sna, net ,a earnings Of sa1 100000 for
net OF the corporation for the full wear
OF Of 1919 approximately s140, 600, 900
compared with $199,35O, $50 in is1S'
Allowing $90,000,0O0 for deductions % For
interest, sinking funds, depreciation ion
and preferred dividends that would
leave approximately $4,000, 900 avail
able for dividends on the common
s50s ssoek sos or roa close to 10 per cent on the
were at the rate Of 22.1O per cent =
share on the common stock. The cor
poratlon enters the new year operating
at about 80 per cent of capacity. and +
is expected that the statement Of un. !.
titled tonnage to be issued next week
will show an increase of at least 800
600 tons untitled orders as of Decem-
Der 81 last On the strength Of the
heavy influx OF new business in the
steel industry and the maintenance
OF high level of prices there is a
growing feeling of optimism in finan-
cial circles over the market outlook
for steel shares.
New-York tribune., 1920-01-03
Stock Clearing Corporation !.
To Be Put in Operation Sodn

The new Stock Clearing CORPORA
tion of the Stock Exchange is expect
ed to be launched within the next week
or ten days, it was. announced yester-
day. This instrument has for its pur-
pose greater simplihcation of the work
done by the present Clearing House
and will undertake to clear loans as
we'll as stock balances.
"The first few weeks" said tho an
nouncement of the Exchange. "will be
devoted exclusively to educating the
clerks and brokers as to how the new
system will work, and it will undoubt-
edly be several weeks or perhaps
months, before the corporation is act
ually in operation"
The Stock Clearing Corporation was
organized in 1919 with paid in capi-
tai Of $50O,000, all of which is owned by
tho Stock Exchange. When the corpora
tion is in operation II is predicted that
present credit extension to brokers will
be only IS per cent of tho average
daily total Of recent months.
New-York tribune., 1920-01-03
Clearings in 1919
Increase of $57,269,386 Is
Attributed to Speculation

New York bank clearings in 1912
totaled s235,so2, ,634,Ss7, a new high
record and an increase of S57,26s,-
3S6,411 over the 1918 clearings This
remarkable increase was attributed
yesterday to the great bull speculation
in the stock market that took place
last year. The total was also swelled
by the heavy payments connected with
government borrowings and the large
number of new industrial fotations
during the year.
In 1918 New York bank clearings
were held down by the quiet stock
market that prevailed during greater
part of the year. Yet the total COM
pared with SIT, ,965, ,589 in 1917 and
$159, ,648, 500 in 1915.
New-York tribune., 1920-01-03
Financial Items

>, Goldman. Sachs & Co. have estab-
11sned an office in the Philadelphia
Bank Building, Philadelphia.
Warren ]. Hoystradt, manager of the
New York office of Stacy & Braun. has
Deen admitted to partnership in that
firm. --A VIA
Joseph P. Devine has been admitted 4
TO partnership in the firm of Hore,
Underhill & Co.
Net earnings Of the subsidiary com
panies Of the Barnsdall Corporation for
november amounted to $296,444.
Daniel Loeb, Harold A. Rouse and
ben1amin Graham have been admitted
to, an interest in Newberger. Hender-
son & Loeb.
Foreign Trade Banking Corporation
reports capital surplus and undivided
profits at the close of business Decem-
Der 81, 1919, Of $685., 900. After pro
vldlng ample reserves for taxes. de-
probation, etc, earnings for the year
were $336,0OO.
Rowland Smith, formerly associated
with the New York Office Of the stand.
ard Bank Of South Africa. Ltd. has
become affiliated with the Bank of
British West Africa, Ltd, as Joint
agent. '"'
Mack W. Sanger, president Of the
Elgin Motor Distributing Company, has
been elected director of the Liz. Mar
Coal Company. ''-
George W. Kendrick Sd, who retired
from the firm Of E. w. Clark & Co
has formed partnership with Clar'
ence H. Clark Sd under the name Of
George w. Kendrick Sd & Co., to trans
act general banking, investment and
brokerage business. anu
e. F. Hutton 4 Co. have opened ,
branch Office ct the Hotel Ambassador
Santa Barbara, Cal.
j.. II. Greer has been appointed dis
trict manager Of the Chicago off;cs
Of the Stanwood Rubber COMPANY.
Thomas l.. Robinson, having .recon,,,
peen elected vtce-presldent OF the Amer.
ican MxchanRc Securities Corporation. I'm
reslgned ~ sccretary OF that company ana
mas pecn succeeded by Rowland A. Nye,
+: w. Bauman has been admitted "a .
partner IN tho nrm OF Huth g. Co.
spendsr Willingals 1r. hau becn al.
4 Co. $50 W Lay 's
oiilsspis, Nssds h Co. have opened =
WSoboo onI0e N NOWport. n l. midas ~
New-York tribune., 1920-01-03
Money and Credit

Despite the heavy January interest
and dividend payments that were met
yesterday and government Withdrawals
from the banks, estimated at approx
mately $100,000,0OO, the call money
rate on the Stock Exchange closed at
per cent. With the opening and re-
newal rate fixed at 15 per cent, it had
been expected that rates would rule
firm all day and, as matter of fact for
several days. No one looked for 6 per
cent money until we'll along toward the
middle Of the month. The explanation
offered for. the drop was that banks
who have been out of the call loan
market for the past days yesterday
found that they had more funds on
hand than they needed to meet with
drawals, with the result that they
offered money freely. 1t was also said
that some interior institutions, at
tracted by the high rates here, were
also lenders. Bankers who have been
predicting stiff rates during the first
week in January now admit the error
OF their calculation and look for easier
money conditions.
The ruling rates for money yester-
day. compared with year ago, were
as follows:
Yester- Year
Call money: day. aro.
On mixed collater1al. Is
On industrial collateral Is 6h
Time money (mixed collat-
eraD:
Sixty days. ek 5A@s
Ninety days. ............ 6h 5hM6
Four months. .6h 5kM6
Four to six months. 80. 6h 5KMs
Bank Clearings-Bank clearings, in
New York and other cities yesterday
| were:
N.,., W.T. = Exchanges: asi Balances.
Daitimore 32,937,36 11,172,6 ,637
Boston ...... 102,067,981 22,2so. .a75
Chicago .... Isl, ,335,664 9995.154
philadelphia. 128,792.105 28163447
flttsburgh 36,284,506 15,20O,933
sub-Treasury-United States Sub
Treasury debit balance, $290,336; Fed
eral Reserve credit balance, Sill ,33s,-
silver-London, s5Md; New York,
$A.Soh; Mexican dollars, $10oA.
New-York tribune., 1920-01-03
U. S. steePs December Quarter

U. S. Steeps December Quarter
When the earning statement Of the
United States Steel Corporation for
the final quarter Of 1919 is issued ut
the meeting of the board scheduled fo-
the last week Of this month it will
show in dollars and cents pretty near
ly the cost of the strike. On the basis
Of unofficial estimates made in al
vance of the A,mpany's own statement
it is believed that the net earnings
for the December quarter Of last year.
were the smallest Of the twelve months
period. Roughly estimating various
charges on about the same basis as IN
preceding quarters and making
generous allowances for the stoppago
of deliveries owing 70 the labor
trouble, which was most serious in
months after deductions for taxes, but
before charges for interest on bonds,
sinking funds, depreciation, and
dividends, are figured at approximately
$31, 100000, or some $2,000,000 under
the low total Of the first quarter Of
1919. This would be drop Of about
$9,000,000 from the total net reported
in the September quarter before tho
strike began to be felt much. De-
Quoting the usual charges, including
the preferred dividend, there would re-
main for the common stock in the
neighborhood of $8,000,O00 on the
basis of $31, 100000 net, which would
be some $1,5OO,OOO in excess Of the
regular dividend requirement Of IN
per cent for the quarter.
New-York tribune., 1920-01-03
management man of George F. cozzens, resi-

management of George F. Cozzens, resi-
dent partner.
F. B. Davis jr. has been made assistant
dlrector Of the pyralin division of the
cellulose products manufacturing depart
rnent OF the du Pont Powder Company,
succeeding F. A. Cudger. resigned.
The National Bank Of South Africa has
opened q, branch offices In the Union at
Hillbrow, Johannesburg. in the Transvaal.
and at Lainbsburg and Mount Fletcher, in
the Cape or Good Hope.
general manager Of the Brooklyn Rapid
liams. resigned. 4 R. Piper was ap- p
pointed assistant general manager. with
control of employment. welfare and medi-
cal bureaus.
William g. Amos has become associated
of NJ ]. Hoey & Co.
nounces that it has adopted the policy OF
paying interest on individual and mercan-
tile deposits.
ner in J. & w. Seligman & Co., has re-
tired as member OF that firm.
The New York Stock Exchange firm of
Secor & Bell announce that the firm name
has been changed to Secor. Bell & Beck.
with.
Beazell & chatneld. Cincinnati. are OFFER
fr ing $4,000 Z per cent cumulative pre-
pany to yield per cent.
Brown Bros. & Co. for over fifty years.
has retired from that company.
Lewis A. Christian has become a pen-
eral partner In the firm Of William c. Or
ton & Co.
Thomas J. MeGahan, formerly asso-
ciated with. Bauer & Starr has become az
filated with the bond department OF Mer-
rili. Lynch g. Co.
James s: Alexander. president of the
National Bank OF Commerce in New York,
Yesterday completed his thirty-fifth year
with that institution, having the longest
record of service with the bank OF any of
Its personnel
AS a result of litigation over undeyel-
oped acreage In the Bull Bayou field the
Dominion OIL Company yesterday acquired,
as substitute property, seven leases in tho
Homer Louisiana) oil fields.
Robert r: Albright has been appointed
department OF tho Franklin Trust Com
pAny.
Charles d. Barney q Co. announce that
tho available shares of tho Conley Tin
Foil Corporation stock offered by them
having been subscribed for, tho subscrip-
tion books have been closed
Rochester Trust a Safe Deposit Com
pany has certified that It has incrca ased
its capital from $500, 900 to 81. 900 O00,
American Exchange National Bank has
been appointed registrar of the capital
stock OF the Consolidated Manganesc
Company. Incorporated
New-York tribune., 1920-01-03
International Paper

One of the topliners in yesterdays
strong market for industrial special
ties was international Paper common.
which, at S6ss, sold at the highest
price on record. The pool in that
stock was active all day long, and the
turnover of around $4,000 shares made
1T one of the biggest in this issue in
many months: While the stock doomed
commission house traders talked of
international Paper becoming a second
American Woolen common, hich late
~ jumped to 1863. In 1919 the company
is understood to have earned approx
mately $40 share on the common
stock, while during the last four wears
earnings applicable to the common
stock H' !. have aggregated 800 a share.
On the basis of earnings in the recent
past and the excellent prospect for
the new year it is expected that diyi-
dends will be distributed to the com
mon stockholders before many months
Around the Street an initial dishnrse"
ment is looked for before Nav.
New-York tribune., 1920-01-03
The Dollar in Foreign Exchange

Sterling and franc exchange moved
IN favor Of the European countries
Yesterday. Bankers said the adjust
ment changes were not important, as
Ine volume OF dealings was. relatively
to the effects Of after-t -the-year Settle.
ments. The denial by government Off
Gals and bankers of the report Grea.
britain was negotiating a s13, ,o00. 600
600 loan shut off the effect Of the re-
port on the market.
!, Yesterdays rates, compared with
those of week ago follow:
Quoted dollars to the pound)
New-York tribune., 1920-01-03
Hartman Nationals Growth

The naYriman Natfonal Bank yes<er-
sdAy declared semf~annuaI dividend
sof per cent, payable 70 stockholders
M record aE the close Of the days
sbusfpexy, While this II st tho same
ssxake ~ heretofore, an oAieis1 Of tsss
I hank said yesterday that It has shared
sswith other banking institutions fhs
exceptional prosperity ol the past
syeaF, IT. capital stock n now 81 ,0EO,s
..090 end surplus ard undivided pxofts
New-York tribune., 1920-01-03
International Petroleum

Plans, Of the management of Inter
natlonal n Petroleum, it was reported on
Eooo tS authorlty yesterday, contemplate
snt s,ae onering onea,g OF new stock to the pres
of one share of new stock for @Sis aach
share now held. At the same time q
stock dividend is also being considered
which will amount to about thres
shares Of stock for each share now
outstanding. c1 Capital reimbursement of
:1s tn1s character, it is stated unofficiallv-
VIII likely be announced before ~
company, gives out anything on the the
projected absorption of Tropical oil M
ansesrnatlonal, = Tern which has a par Of s5
q =. snare, sold at SIT share YESTERDAY
1t Is a Standard Oil concern 1"s'
New-York tribune., 1920-01-03
Consolidated Gas

People who sold Consolidated Gas
in the closing days Of the old year
to establish losses for tax purposes
began to buy the stock back yester-
day. At any rate, Gas was one of the
pillars of strength in the general mar
ket, with an advance to high Of 87S
from low Of 83. It closed 3% points
up, at 85A. Dealings in Gas were not
much much over 1000 shares. There ap-
and buyers had to bid for it. Last
week it sold below 80. The directors
meet the latter part of this month and
1T is expected the regular z per cent
dividend will be paid.
New-York tribune., 1920-01-03
Sir George Please Note

"It is time" said Halle & stieglitz
yesterday, "that the United States
stopped talking about bankrupt and
lecrepit Europe England, Belgium,
France and Germany, for example, are
very much on their business legs again,
Mr.. Isaac. of our firm, who has just re-
turned form European trip, was sur
prised by the business strides being
taken by European countries. I'M
portant banking circles in England
look for the pound sterling to get
back to $3.50 by. the end Of 1920.
England's unfavorable trade balance,
through the increase in her exports,
the trimming. of her imports, and tire
increase of her revenue from ship
ping, insurance etc, is rauidly being
reduced"
New-York tribune., 1920-01-03
"What Do You Think Of III. m..,.. .,

a member of Stock Exchanp. hons.
VINO Is usually pretty conservative: AT ~
cant be anything but bullish on
MarkeI tnat acts the way this one has
1Mnrough M this period of tight money @
dav Me may or get, get a trading market for few
paign.' ouii cam
New-York tribune., 1920-01-03

The proportion of the banks reserves
TO liability this week is 9.20; last
week it was 11.51 per cent.
New-York tribune., 1920-01-03
Bank of ENGLAND

LONDON, Jan. 2.-The weekly state
ment of the Bank of England shows the
following changes:
New-York tribune., 1920-01-03
In Wall Street
A Long Range ssPut'

"Puts" on Steel common are being
offered in New Street by the option
traders at IS, good for all Of 1920 at
the regular" price for such privileges.
New-York tribune., 1920-01-03
Transactions Yesterday in Listed Stocks
Record of Stock and Bond Averages

Copyright, 1919 New York Tribune Ino.)
In