davidaulloa/AmericanStories huggingface dataset:
The Holbrook news., 1920-01-16
HOUNDNCTHE WILDCAT

VII AACASSg AOA HI WI OAi district the first we'll was, strictly speaking, a wildcat. No new fields would be open led up if wildcatting comes under the ban proposed by the American Petroleum h. stitute, which was declared in vor of legislation against the sale or advertis- ing of wildcat oil stocks. Many producing wells today owe their origin to the en- terprise and faith of the speculators who were the first on the ground and the willingness on the part of the charter stockholders and owners of the land to permit their money to be used to finance the original venture.
 M a n y pioneer operators have listened to the inevit- able discouraging prophecies  of those who watched in sc0rn their initial efforts. Many have been the hard ships of the bold adventurer in the untried locality and never has it been easy to
 finance the drilling of a well where no we'll has been drilled. The W a y of the wildcatter, like that of the transgressor, is hard, but that is no reason for as- suming that the two have other points in common. It is not clear why any addi- tional burden should be inn posed in the form of legisla- ton directed against wild eating.
 Stirring and romantic ex- periences a md adventures have been woven into the fabric which constitutes the tremendous oil industry of today. The romance that always attends the ventures of capital has not been lack ing, and very interesting is the story of the early deve- lopment of such fields as the Pennsylvania, the California "oil coast" and the great Wyoming pools.
 For the enlargement of the oil industry that must occur to meet the ever in- creasing demands for petro- leum and it's by-products, it is absolutely essential that present producing areas be extended or augmented. To count upon private capital and close corporations for this necessary growth would be to ask too much because only a few men are willing to stake their entire fortunes on an uncertainty. The only alternative is to permit the moneyed oil interests tohave the sole power to experiment with new locations, and this would preclude the possibili- ty of private capital realiz- ing returns from new oil fields. Such profits have
 been great. Here may be the reason for the endorse
 ment by one of the officials of the Standard Oil Com
 pany of the proposed law to
 crub wildcats. If would
 leave the big interests an
 unrestricted field.
 It is not clear why it might
 not be perfectly legitimate
 for small investors to risk
 their savings in the prospect A
The Holbrook news., 1920-01-16
OPERATIONS CONTINUE IN FIELD DESPITE
 WEATHER
Big Deals Negotiating
 New Plans Being Made

Weather conditions in the Holbrook field have not been of the best, nor conducive to rapid development the past week, a heavy fall of snow making the roads bad and affecting, with the cold weather, rig operations to some extent. However, op- erations are being continued and advantage taken of every day.
 HOLBROOK OIL co.
 With exception of delays incident to cold and stormy weather and replacement of parts for water truck. opera tions at this we'll continue. No difference has been no- ticed of late in the fornaa- tion, but Dad Hastings, Field Superintendent, is confident that softer drilling may be hoped for at a little greater depth.
 Manager Jack Warden is expected to return from a business trip the first of the week.
 BLACK CANYON SYNDI-
 CATE
 The we'll of this company is still going down, and, as Manager McCloskey says, fin spite of obstacles and and the weather. l" Further information may be beexpected as to this eeEnpany,s pro- gress during the coming week, a party of officials be-. ing expected to arrive in a few days.
 APACHE OIL co.
 This company is going ahead and we are advised is now placing easing to shut of the first water. Manager Aiken is in the southern part of the state on company bus mess.
 ADAMANA OIL GO.
 Future plans of this com pany will be announced shortly. It is understood that a drilling contract has been entered into with a Iarpe interest and consI1ln- nation of the details of the negotiations are expected at any time, after which they will be authoratively pub lished.
 HOPI OIL COMPANY
 This company has nothing to report this week as to their future plans or opera tions, and state that no in- formation along this line has been, or will be gwen out, until certain matters now pending are concluded. It lis safe to say, however, that the company will resume operations in this field on a larger scale than heretofore; in fact all indictions are for an announcement of great interest in the very near future.
 ZUNI OIL COMPANY
 Our statement of last
The Holbrook news., 1920-01-16
APACHE OIL co.

This company is going ahead and we are advised is now placing casing to shut off the first water. Manager Aiken is in the southern part of the state on company bus mess
The Holbrook news., 1920-01-16

The members of the cook ing classes are making rapid progress with Miss Palmer.
The Holbrook news., 1920-01-16
SCHOOL NOTES

The boys of the High School are very desirous of obtaining a agymnasium later on. Possibly one can be in- corporatedl with ! plans for building which will be neces- sary sooner. or later.
 The High School girls gave a very enjoyable Leap Year party Friday night.
 Miss Lorra. Dyer and Miss Elsie Miller, our two new teachers have begun their work. 2 A Tnumber of new students are taking up com mercial work with Miss Miller.
 The First Platoon won out in a snow fight over the Second Platoon Tuesday last. The scrap was carried on over Notifications barb wire entanglements and a number of other adjuncts to modern warfare.
The Holbrook news., 1920-01-16

Our statement of last week to the effect that this company W oul d resume operations immediately the roads became passable covers the situation with respect to this company. Manager Wesley is in Holbrook await ing propitious moment to resume.
 It is known that import
New-York tribune., 1920-10-17
Stromberg Carburetor

The Stromberg Carburetor Company
does not contemplate any reduction in
the price Of its products, according to
W. l.. O'Neill president who says:
I'VE have been making a careful anal
ysis of our business and ascertaining
in just what way it is possible for us
to curtail expenses and bring about
such reduction in our costs as would
enable us to cooperate and be Of as
sistance to our customers at this time
We have always operated our plant on
an economical basis, and consequently
it is not possible for us at this time to
make any serious curtailments. partic-
ularly inasmuch as we have had no re
ductions whatever in cost Of materials
or labor. labor being approximately so
per cent of the cost of our product.
Furthermore, the many stops on de-
liveries which We have received from
customers have reduced our production
to approximately 20 per cent of nor
NAL, which you can readily appreciate
has increased tremendously cost of
production in our business, and the
consequent fact that we are facing a
severe financial loss until such time as
business again becomes normal
New-York tribune., 1920-10-17
Federal Reserve
Little Affected by
Big Loan Turnover

Despite the heavy mer.s ~
banking funds al ths -. we.s
incidental to the raym ~ th. s-a,
100000 Angio-Frencn lear n trr.t~ .,
Friday, and operations fr .ae sce..--
of the United States Tasaw .s.
statement Of the Felers Reserve Ban,
Of New York vesteris sr owe8 ,s~
paratively little change. TIE ratio a.,
total reserves 70 denos ana r..-.
Reserve note l.n.it- r.....-.
which fall sharply - u
1t 3s.7 per cent al the c.eee of h..
ness cn Friday csar.r.. wth ..-
per cent the neek bo
On operations NtN nlar
Banks The locs ir-tt1
NroXimately s-c.G'n0.l .t
medium Of the 81.
1t lost. however. .f.'
ngs Of gold and 80 c.s ..n c.n
with foreign agencies so. ....f
decrease.
Rediscounts fer h banks o.
government war paper -,r-i f-.-
S509, 9,G45. 900 70 s-ea. ta- ~- .--
week. On the ofrer pea. ...r..
OF commercial uarer .rr4rel f-o-.
S434,576,000 to Sltarif.1-l
A decline Of S1r.0- ir-
DolE ~ ~. 'hf aHt was &c.
other Reserve Banss
The New York N.eaf tsr.s
expanded tae'r loa~s arl nt b.
S42'OO0.OO0 last week nhI rsrt
deposits Increased ~
serves ~ excess of 4e ...--.
u oc 4 ID .t
United states Govcrrmer- dams s.
the local banks at tne e1 I'll. ...s,
aggregated SlI0.7fe.l80.
New-York tribune., 1920-10-17
In Wall Street
A Market Opininn

important Wall Street interests,
which have much to do with the
stock market in critical periods" ac-
cording to the Stock Exchange firm Of
Fl. f. Mcconnell & Co, "havc evident
ly lined up solidly on the constructive
side Of values and are determined to
combat the pessimisism and bearish
operations that have been so long pre-
valent in professional circles. In this
effort these interests have large
but stubborn short interest to work
on and a more encouraging attitude
among investors. The strength Of
the investment market is strong
bull point These same interests are
also dwelling with increasing en-
phasis on the fact that there has been
no movement as yet to discount a VIC
tory for Harding and this s the time
to begin. They are confident that
means can be adopted to advance the
market 8 to 10 points before Election
Day"
New-York tribune., 1920-10-17
Lexington Nlosor Officials
Organize Holding Cornnan,

To keep pace with the rapid develop
ment Of the automotive industry, Frank
Is. onsted, president OF the Lexington
Motor Company, Of Conncrsvil4e, Ind,
and his associates. have organized d
holding company. Incorporated under
the laws Delaware the United States
Autmotive Crporation.
The new corporation has an author
lied capital Of S10,00O,oOo Of preferred
stocvk. and 100000 shares OF no-par-
value common stock, OF which 100, 600
shares are Glass A end 100000 shares
Glass 3.
The new alliance win place under a
single control and management several
of the parts-making plants which have
contributed in the past TO Lexington
success as individual units allied with
i eXlrgton.
New-York tribune., 1920-10-17
Blouse Makers Cautioned
10 Continue Conservatism,

Blouse manufacturers are being
cautioned by the United Waist League
Of America not to be carried away by
signs of improvement in the garment
industries in general, but to mark time
en- production and pursue a policy Of
conservatism in future operations, par
ticuarly those for spring, 1921.
Unsettled conditions in the raw ma
tcrial market and the labor field are
partly responsible FOR the continued
warnings against over expansion. In
addition to this, the waist league is
watching the retail situation carefully
and is endeavorng to guide the whole
sale end of the industry to conform
with retail developments.
New-York tribune., 1920-10-17
Sears, Roebuck

Despite the recent dcrlaration By
directors of the regular 2 per cent
quarterly dividend, Sears, Roebuck
has been weak rather than strong
since that action. Traders sold the
stock heavily yesterday and sue
ceeded in driving the price down to
lot, new low for the year. There
was little recovery from this level an
the closing quotation was 1912. a net
loss for the day of points. The
bcarish contingent is making much Of
the recent statement issued by the
company showing 4 market drop in
earnings and q substantial rise in in
ventories, which made necessary the
new s50000,000 financing operations.
The syndicate managers have an
nounced that these notes have all
been sold
New-York tribune., 1920-10-17
Red Fox Skins Higher
Others Lower In London Fur
Auctions

First grade Australian red COX skins
neld up IN price better than otacr Aus
trallan furs at the auctions in London
.ast week. According to eabled reports
to Albert L. Monjo, American .eent for
A; W. Ncsbitt, Ltd, that company's
Offering Of Australian furs showed the
following comparison with last springs
priccs
Red fox, No. l, spring prices to 10 per
cent higher.
Red fox, Nos. and 8, Is per cent
lower.
Opossum, 25 per cent lower.
Walinby, withdrawn.
The c. NJ Lampson & Co. report az
received by Alfred fraser, American \
agent, follows
Red fox. 10 per cent lower
Opossum, % per cent lower.
Rlngtail opossum, 40 per cent lower
Furriers' wallaby, go per cent lower.
Tanners wallsby, almost unstable.
New-York tribune., 1920-10-17
California Packing

An ols cial of the California Packing
Corporation stated yesterday that the
company's shipments to date are ap-
proximately 25 peri cent of the CORE
spending period of last year This
years pack he said, had been com
pleted and all sold at satisfactory
profit Nearly half of the years sales
have already been shipped to customers
and the balance viii go forward within
sixty days. The company expects to
close the years business entirely iree
Of debt other than miscellaneous ac-
counts payable snd reserve FOR taxes
and also anticipates having one of The
smallest inventories in its history
New-York tribune., 1920-10-17
Free Market in Liberties

The Stock Exchange has removed all
restrictions on trading in Liberty Loan
bonds, which it put into effect on May
8, 1913. The purpose of these restric-
tions was to put stop to short selling.
it had been found in some cases that
the seller had failed to deliver. The ex-
change ruling, which has now been
rescinded, said: The committee on Sc
curtics rules that all United States
Liberty Loan bonds shall be dealt in
only for cash or regular way, and buy
crs shall demand delivery Of bonds
Failure to deliver must be reported by
the buyer to the secretary of .he New
York Stock Exchange The removal Of
TINS restriction was taken 10 Indicate
that Liberty Loan bonds have now been
so we'll distributed that further forced
selling is not to be expected ii an i'm
portant way.
New-York tribune., 1920-10-17
The Dollar in Foreign Exchange

The foreign exchanges moved in ir-
regular fashion last week and, consd-
cring the unfavorab bic foreign news,
held up remarkably we'll.
The rate on London was maintained
with fair degree of steadiness until
the end of the week, when the senti-
mental effect of the announcement
that the British miners had decided to
20 on strike next week resulted in q
drop of more than cents in the
pound. Exchange on Paris also yield
ed, but the movement here was not Of
large proportions.
Reports OF trade depression in Hol-
land and the financial upheaval in
Cuba also were unsettling influences
upon the foreign exchange market.
If you calculated the cost Of the dol
lar in terms Of foreign money OF cur
rent exchange values that is, if you
wore buying a dollar with pounds,
marks or francs, its value ut the close
of last week, as compared with year
ago, follows:
New-York tribune., 1920-10-17
Irregular rice
Changes ON Curb
On rolia Taking
<
General AsphaIf's Reaction
One Of Features; Carlb
Syndicate Also Lower
After Goosl Advance

irregularity in the price movement on
the curb yesterday in q rather dull and
unintcrestinG session.
General Asphalt continued one of
the prominent features, receding to So
after opening at 561s
In the oil group Carib Syndicate.
which has been strong feature of
late, sold up TO l7ls and then reacted
to 16N. Simms Petroleum opened at
ar advance but lost ground In the late
dealings.
The outside bond market continued
to show large turnover Dealings in
some Of the newer issues were espc-
cially heavy. The Norwegian govern
ment SIS held firm around 10l.
New-York tribune., 1920-10-17
lnduetrials

Shares open. high Low. Last
200 *Aetna EXP. y II II II
926 *Acme Coal ~ ~ ~. -
10 'A@lr a., EI p c. l,,4s -. -. ls7'
% 'Aiunl MIG pf s4ra s4l4 s41s s4ls
l00 sam Candy o.. G.. 6ia ei2 Ga
40 *An Cigar. r....lSO 100 $50 1870
10 *An Hdwe C.l,7ic 1877. ls7i2 lsyla
70 +Am Chic!s IF Ga 6t 6+ a
200 *Armour Ieath l5h 49,. l5is l51.
*Aab X Wll..l05 los los 105
30 Borden ...... s5is 95i. 81 s5is
40 do pref. So. S4'4 - s4l.
SEQ 'Br.t-Am Oh { az az
100 'BrAm T cou l2h2 12ia l9ia 12ia
400 'Chic Nipple %. 9i4 SIS 9h
10 .Clheld coal c a 81 50 81
zoo *Crude Oh C..
10 'nupont Pow 22l 22f o2l 22l
10 'do pref.... ~ Is rs rs
1000 Emp 7 & st. 1s% ls1s ls% l3s.
100 "Firestone T..1o5 los lO5 lOs
100 'Gardncr Mot. % - 2l :.
l50O 'Gen Asphalt. s6la 56l. s. So 4.
10 'Grasselu On lS5 155 135 ls5
500 sGoldwyn PIC.
900 FHercules Pap 2tas 2lSs 24ls "a.
500 Indian Tsck.. ~ 4i2 A.. !.
100 slntercon Rub II II II II
20" .iAb MCN L !, l2A y l2.4
200 NAT Leather. ~ lOla 9ia lois
500 No Am T & = as 5ss ~ 5ss
2t5 'rhila 1rs W 81 5SI. So 53ls
500 *Phihp Morris IL III III ~
10 'Proe Camille ia ia ia
100 'Root & Wand .irs 241s 24a 24l,
New-York tribune., 1920-10-17
European Hotels for he Orient

Announcement is made in The North
China Daily News Of the plan to cs-
tabhsh chain Of hotels to accommo-
date Europeans in the Orient, starting
at ShaArnai with the erection of a
7o0-room modern building costing
about $3,oO0,o0o, to be followed by
hotels in Yokohama, Poking. Hong
kong. Hankow, and other principal
cities frequonted by Europeans Of
ShanChai's population 100000 are
Chinese and 10000 Europeans. and the
city IS rapidly growing as trade de-
Np1ONs
New-York tribune., 1920-10-17
Marking Down Cotton Goods

Jobbcfs OF cotton goods N inc local
market are marking down their goods
in stock 10 approximately the new low
prices that have been named by lead
ing mills. In the case of bieached
goods it was asserted yesterday some
of the smaller jo5bcrs were turning
over .heir stocks on hand at about
per cent above mill prices. Instead Of
trying to make normal profit, the
jobbers are now trying to increase
volume on smaller percentage Of profit.
New-York tribune., 1920-10-17
Allis- Chalmers

The Allis-Chalmers Manufacturing
Company for the eight months ended
August 81 last reports net profits. after
taxes and all charges, of S2.l95.163
After making allowance for preferred
dividend requirements, earnings were
equivalent to $500 a share on the
$25,770,000 common stock outstanding
or at an annual rate of approximately
$3.50, compared with S9.57 a share
earned on the common stock in the
1919 fiscal year The company, it is
stated, is we'll supplied with new busi-
ness. and plants have been working
within 10 per cent Of capacity During
August S3,2Oo,OoO of new orders were
booked, or at an annu..-1 rate Of S38.-
600 600, against actual bookings Of
S30.000,0OO in 1919 New business in
July amounted to $4,000
New-York tribune., 1920-10-17
Par.a Man.. l-.-,-n.-.

PARIS, 0ct. l6 Prices
tne Bourse to-lar
rentos. 81 francs it eentlras
on London. - franc st car
er cent loan. ts frames 81 -n,s
ne dollar wa q4otei Ut I'D frames 4l
confines
New-York tribune., 1920-10-17
Monthly E,ar;...,
Cuba Ru.iroal

"''t 4At-eitf'H4
August gross .....s si.oa. ,,.. .,-
Deficit after o1tans.s
Deficit after charges
Two mo. gros. 2..,
Deficit after f4v
Deficit after charges
missouri Kansas & sanehl .,n
H. ncit after TAX
NJ operating l-f
Eight lno. gross
Deficit after taN
Eight mo. pross
Net opor-tin. ,-f
Colorado IS ~au'h rps -s-.0A
August gross
Deficit af-rr tav
Net operating a.f
Balanee after Tx
Net operat. income f0
New-York tribune., 1920-10-17

London None. Market

LONDON. Oct. III Bar -F.r 5gl
per ounce; bar gold. HISS Nraey pr
cent. Discoun, Iates: Slol h 58-s
"a D 3-S per cents three mrr-e bf..
ll-l6@ 81 per cent. Col. rc cu 1n
at Lisbon, lt0
New-York tribune., 1920-10-17
I0NnnA -

LONDON, Oct. Crr0it+s '.rs.ai
s35 los. Lineei al. .a
so0 Ietroleur. a.n
. l-ia; spirits.
Spirit, l23e Eos
Aes; typ C.
79s
New-York tribune., 1920-10-17
SiIxcr Nniei

Silver London, Tat d.
mestic bar, e9c; Tor. a. Msz-
can dollars, 62-
New-York tribune., 1920-10-17
German Internal Bonds

20 tTx G 7's notes 1915 1917. 10, 1917.
wv va 3 3'as....- STA sls. 81. 81:
German Internal Bonds
Marks (Ooo olnird). Open Hmm Low, ,...
,Heriln IS ...... 13ia 1919 lsl. lss,
9o Ira "a a,',nl,1 nndort Is y II II II
enlisted. tseis cents per share.
New-York tribune., 1920-10-17
Es0IitiSl~ srh

No0dag I'm Na-ka
Wednesday-iu ca'fa n-.ca East
ndles
Thursday ln Nesi.fa ss--la 10.
New-York tribune., 1920-10-17

Shares. Open High. Low. Last
10 FR Bak Pow .1lAl2 1l4ls 1144a Haze
100 AR f = Inc 5s 5M 30, 5as
10 *Scovlle Mig. 3So 2so SSa $50
'Sins' Mig. .18s 1873 I3S 13S
HSt.nd Pts G. II il II II
standwood II "a > IL.
500 submarine Bt. IL 12lA - 12l4
5000 "SWts Co OF \ Pa 20 2t 2l
1000 'T Ry 1t & 2 ~ 2 2is
500 edo prot.... 6 c
1900 aTob Prod Ex II - 18i2 II
400 sun Carbide 60 cog so GOA
200 Tn Profit Sh 2A ~, 2ii 2r
100 'Cn Gas II FL. n ~ -
loo Fdo ID pref AZ a. -,
zoo ~ II Spt r 30t 30i. 30i. 90it
$500 Steamship -. l7s lss a.
lVo .Warren 7ros .7is 27is 27i, 27ls
1900 @Wober e Hei 12Ia 12is 12l ~
loo 'Willys LIST II G. 81 60 6o
Standard Oils
10 $50 Penn OIL oSS 2es qcs
20 'st 0 { Of ny SIS 3574 3 575 M
New-York tribune., 1920-10-17
Other Oils


1853 3:s S5;'.s g. o..5 s . 8 8 4 4 4
$500 'Eoon- oil 49, ~ ~ - S
1000 staost-Wy OH : u
5000 'Carib Synd... II 1iis 16i4 lGa.
500 +Cosden q Co. ~ 7&s II. ~
1000 fCusbing Pet. =, Ia s.
ly9s Denny ON ... IL ~ 1As 12.
2z13 Engineers Pet l1s L
1000 Federal O.l ... "a "a. 2}s 2s.
500 -Fensland Oil. is Is -
zoo FGlcnrock Oil. IL ia
40" 400 .quf-clli g.. asSs 81. ~ a-s
2o0 Imperial on. lG IL II 1s
zoo *Maracaiho o. lSts isa, ~. -.
loo 'Ner'itt Oil c. 14ts 49, u a.
2lo slo .Mi4wes, Ref l5o l5o l4S l4e
5S5 5Se ;r9si a' ( . Hyf F' 8 g. e. . Z: 3. 3.
ieg d9g : .E5en ,.' C9 con ~ ~, ~. ~,
ZOO S,Iii +se.tied III pr Go ~. "a 81
$500 'Sinlrls Pet D.. IL. III. lOi. l04s
ZOO sTeS ATTAIN Oil 4. = =
600 -TeSon Q & l.. ;. :, u 3
1000 In Texas Pet. p p - -
500 Whalen OH ... = Z. :. a
1000 white Oil ... ~. "a. 2sss 2ss.
shares open High Low. Last.
llun Am Mines. =
1900 Ariz Globe C. u >. s.
1900 *Arizona sill u
1000 *fAtlanta ~
1000 71Nel y ia %
1000 'fIe! lCx "a p
$500 Zig Ledge.... i. II a a
1000 *tbooih .....
1000 *TCaledenia Is Ii ls Is
800 "Ca ndelaIit Sil 5,
1000 *fCsshboN ..
25oo sCortcz SILVER. CO e3 81 O.
soo DARWIN silly. "a -. "a ~
1000 Div Ext (pros) 40 30 so 80
1900 El Salv Sily.. = a
1000 '+Cioid Zone L So SIS So 3s
1000 - Csoldfeld Con
1000 .+Goldfeid Dew
lGso .+Great Bend.
New-York tribune., 1920-10-17
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings

Copyright. 1920, New York Tribune 1nc)
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-20

who have been appointed to help IN
handling the mass of evidence gathered
by this body of investigators.
In connection With it's investigation
into the marble trade. the committee
has revealed the fact that contractors
were paying laborers certain stated
sums and then charging builders some
times as much as so per cent. more tha n
they were actually paying for the labor
ers' services. j has shown how tie
Marble Industry Employers Associate
had an agreement with labor unions by
which it obtained n complete monopoly
OF all work in this city and within n
radius OF twenty-five miles, the unions
agreeing to do no work for outside con
Germs.
The committee also has shown how
the Hudson River was made virtually a
Chattel of the Cornell Towing Company.
and how enormous increases in the cos.
of materials we're due to tho TACT that
this company was able ito charge what
ever it pleased for bringing them across
the river.
There Is no doubt in the minds OF per-
sons connected with the committee thaI
II will be continued by the next Legij-
lature and will he permitted TO continle
until IL has dealt with every angle or
the situation as thoroughly as 1t LAS
dealt with those already touched upon.