davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1920-07-08
STOCK MARKET
AGAIN STRONG
Some Specialties Make New
High Prices for the
Year.
MONEY Is PLENTIFUL
Bull Campaign Is Being
Rushed Pending Federal
Reserve Boards Action.
MONEY IS PLENTIFUL

New York, July 1.-THE better
feeling that was manifested imme-
diately after the Democratic nomi-
nation was made continued to In
fuence the stock market today.
Some specialists mads new high
prices for the year, and nearly all
the active issues gained something
United States Steel was prominent
in the trading, as were also Generai
Motors, Mexican Petroleum and
Reading. The rails all showed re-
lief at the defeat of McAdoo.
Money was less plentiful. but did
not loan above per cent Some
s3.o00,o00 of gold was announced
as coming to the United States
from London Immediately.
The attitude OF the Federal Re
serve Board in refusing to influence
local loans by bankers makes II i'm
possible for the seasonal demands
of industry to be properly attended
to with money at its present high
rate. The result will be the further
crippling of some industries, and
particularly those having to do
with the preservation of food and
production of fuel.
Wall Street recognizes the criti-
cal nature OF the situation, and it
is because of it that the bull cam
paign is being rushed while there
are no visible results of the lack
of credit. When the crop-moving
period comes on in full force the
demand for credit will be so urgent
that there will be no money favors
arlr rnf iu
or not at all for many of the mar
ket pools.
With the realization on the part
of the Street that the visit of j..
Leonard RepIogle to Europe may
mean a great deal for the Replogle
Steel Company. the stock of that
concern is creeping higher.
Mexican Petroleum expects to
bring in the first Of its new series
of wells in a week or two.
The activity of copper shares is
due to the fact that an active in
quiry has developed for the metal.
Sales have been made the last few
days above 19 cents a pound.
Some activity was seen in Con-
solidated Textile as a result of an
nouncement that the company, in
addition to running it's own mills,
will undertake the management Of
privately owned mills on a COM
mission basis.
Reading stock is being accumu-
lated by the friends of the bank
ing interests that are controlling
the property. The Supreme Court
has ordered dissolution and action
to that end is expected at an early
date.
General Motors.
The squirt in General Motors came
as scheduled. The stock was ac-
cumulated on a large scale while IL
was under 81 and the right people
have 1t. The company reports busi-
ness so large that il cannot be
taken care of in the United States.
1t is likely that extensive manu-
featuring will be done by the COM
pany in England.
Call of the government for about
11.400. 900 from this district Is not
expected to affect the money mar
ket as gold is coming in to re-
place II.
American Express was strong
feature in expectation of acquiring
control by a leading trust company.
The Washington herald., 1920-07-08
CHILE COPPER.


Net income of the Chile Copper
Company showed a sharp decline in
1919 over the preceding year. ac-
cording to the annual report issued
recently.
The combined statement of the
copper company and the Chile Ex-
ploration Company for. the wear
ended receElbnr 81 shows conner
sold and delivered 54.556,229 pounds
at lS.912 cents pound. as com
pared with S4,eg5.299 pounds at
24.7l3 cents a pound in the preced-
ing year. The operating reyenu.
declined from s2O.9S1.071 to slO.-
35n.l67. and the net income show
81 decrease from sS.5I6,404 to
Sl.s2o,21. The result Of the years
operations was a deficit of s2S7,795.
as compared with a surplus of s4.-
o42,347 in 1918.
The Washington herald., 1920-07-08

they grazed to the slaughter house.
The second increase is paid WIN
the raw hides are shipped from the
slaughter house to tannery: a
third from the tannery to shoe
manufacturing houses. and a fourth
when the finished shoe goes from
the manufacturer to the dealer.
Shoes thus show a magnification
of the rate increase four times.
In some commodities. however, the
increase is magnified only three
times.
There is another factor. The
increased freight rate paid by each
dealer or manufacturer Is added to
his cost of operation on which he
figures his profits on a percentage
basis.
There seems no getting around
the fact that a freight rate in
crease means tremendous boost
in prices of every commodity pro-
duced In the United States. Every
person in the United States Is bound
to feel the increase 1t means a
tax of about sos year for each
of the 1Oo.OOO,00O persons in the
United States"
The Washington herald., 1920-07-08
for 1870 to date,

BONDS.
c,,, Amount High Low Lar
"p'. irac. 5s. 10000 03h 50 ssh
The Washington herald., 1920-07-08
DIVIDENDS DECLARED.
ST, JOHNS SHIPYARD SOLD.

The st Johns Shipyard at jack
sonville. Fla. has been sold to the
Gibbs Gas Engine Company for
S1SS.non. ii was announced at the
Shipping Board yesterday.
The Washington herald., 1920-07-08
GOLD FOR u. S.

New York. July THE Cunard
Liner Impcrator sailed last Satur-
day for New. York carrying ap-
proximately s3.150.OO0 in British
gold consigned to American bankers,
The shipment received by Kuhn
Loeb e. Co. from London on the
Olympic proved to he valued at
N.3oo.oo0 instead of 100000 as
was previously stated. This made
total of s2,3oO,000 in gold received
from purchases In the open market
on the present movement
The Washington herald., 1920-07-08
MONEY.

New York. July 7.-Expected de-
velopment in activity of the money
market has not yet appeared to any
extent. brokers report. What loans
are obtained on all industrial coll
lateral range from so to 90 days.
Mixed collateral loans are quoted
at S12 per cent without offerings.
The acceptance market is un-
changed. quotations ranging from
o., to 6l4 discount.
Money on call opened s per cent
high. S per cent; low. per cent
closed. per cent.
The Washington herald., 1920-07-08
NATIONAL MARKETS =z=-
NEW YORK STOCK EXCHANGE STOCK QUOTATIONS

(Members New York Stock ExchangsJ
TOTAL SALES, sss,eo0 SHARES.
The Washington herald., 1920-07-08

.m wAsHuorox zx1AIp WILL xor
AoCEYf AIY oUEsrroN.
IAIE ANcfAL ApvERrrsrNa.
The Idaho Springs siftings-news., 1920-11-23

veil split on the coin we get after
wards. I've got another guy with
t1Ivver that's ready to meet us about 2
O'Clock this morning to haul away the
stuff as fast as We pass 1t up to him
through the alley windows. We've
got 1t all framed for a fake capture
and tying up of our other pal, the
night watchman, so that the bulls can't
get wise to him. We're willing to split
four ways on the swag If y wanta go
in on it with us. Whatcha say now.
bo, huh? Safe and easy as falling Off
a log!"
The sinister appearance of the ruff
fan repelled Tom, and the very
thought of the crime they contemplat-
ed struck him with fright. 1t meant
jail, disgrace if they were caught.
"But II never have done any
thing like that in my life" he STAN
mered weakly, teeth chattering in the
biting wind. at would be criminal.
The whisky doesn't belong to us. 1t
would be Illegal for us even to try to
sell 1t afterwards"
"Pahr' spat the ugly-visaged man,
Sneeringly. You look pretty, bird
like youse, talking that way about
what's lawful and all that! Lots that
these rich guys have cared how you
got along since you came to town,
from the looks of you'll They've got
fine, warm homes and coin and every
thing Volta they care whether poor
buns like us have to go hungry or
freeze in the gutter on Christmas eve?
Why should you care about them when
they don't give rap about you?
You've got to go on living, amt cha.
huh?"
Tom hunched his shuddering shoul
ders against the wind, trembling as
much because of his own moral irreso-
luton as from the terrible cold.
"Well. bo. how about it? Are y
on or are v still so almighty particular
The Idaho Springs siftings-news., 1920-11-23

Somehow the time didn't make for long
livity;
Thanksgiving dinner went off with
whoop-
For as Pa carved the bird commotion
was heard,
And showers of arrows came down in
the soup.
Those were the times when they hadn't
runabout
Rolling them swiftly from theater to
club;
Movies were nix, and there wasn't much
fun about
Dodging the bear cat while hunting
for grub.
A murderous blunderbus. Weighing a ton
about,
Went with them always on purpose to
slay
Each Iriquoisan with manners annoyin'-
In short, we prefer to be thankful to-
day
The Idaho Springs siftings-news., 1920-11-23

about how y handle the stuff belong
God" groaned poor Tom in the
abyss of his wretchedness. Eyes, I'll
do tt / will! l Will"
The other clapped him roughly on
the shoulder with saturnine leer and
attempt at jocular fellowship.
We'll, l thought cha would" he
rasped hoarsely. We'll meet cha at
the corner by the lumber yard at 1 80.
Don't you fail to be there nowl"
81 won'tl I'll be there all right |"
Tom muttered brokenly. Already In
his cringing soul he felt like the thief
he had pledged himself to become. oh
heaven, if only
To kill time until the appointed
hour, he dug his numb hands deeper
aimlessly on. He had no particular
objective in mind save only the need
to keep moving lest he freeze or go
mad with the strain of waiting. He
shrank from letting himself think of
the deed to which he was about to be
party.
Involuntarily his dragging footsteps
took him back into the more brilliant
ly lighted retail shopping district,
where the crowds already had thinned,
hurrying home to their families and
happy, expectant kiddies with the holi-
day celebration in mind.
The hours dragged slowly by. 1t
came near the hour for the stores to
close. But still there was time, If
poor Tom had only had money, to
have rushed in, bought the presents
he wanted for the old folks and chill
dren, and caught the midnight train
back to the country. He easily could
reach there by morning and appear as
q joyous surprise to them
But ahl Why drive himself to dis
traction by thinking Of that when
there was no chance that
And right then, suddenly, he espied
1t lying there, almost at his very feet
a big, fat wallet, with not person
nearer than hundred yards of him.
Plainly someone had lost 1t In their
mad haste to get home.
Tom stopped and scooped 1t up like
a flash. Around the corner he surrep-
titiously examined 1t. Bills-both
green and yellow. of large denomIna-
tions-they fairly stuffed it, There
were seven hundred dollars or moreI
"a small fortune to the miserable boy
who had not even eaten for fourteen
hours. Money! Money! Money!
Far more than he possibly could need
even in his most extravagant Dreams
With a gurgling cry. Tom stuffed the
wad of bills into his trousers pocket.
threw away the fine leather purse and
made mad dash for the nearest de-
partment store.
No need now to keep his sinister,
criminal appointment-no more neces-
sity for
But the most gladstone feature of
young Toms homecoming that next
day was his blushing announcement to
the cid folks that he had had enough
of the big city, that he had come
home to stay, as they had prayed he
would.
&c. 1920. Western Newspaper unionb
The Idaho Springs siftings-news., 1920-11-23

''In Denver they fined covey of booteggers s1oo
each last Monday" says Ed D. Foster sit must take
good bootegger the best part of afternoon make
a loss like that"
The Idaho Springs siftings-news., 1920-11-23

actually consumed, while the gov
ernment would have paid $S4 ,594,-
600 upon the monetary gold sur
plus. Inasmuch as the price of
gold has been fixed these respective
amounts may be construed as sub
sides paddy the gold producers to
the industrial consumers of gold
and also to the government, which
received the monetary surplus.
Since there was no monetary sur
plus 1919 the industrial consumers
of gold benefited by the entire
subsidy of s65, 100000. 1t is rea.
sonable to assume that if the pre-
MUM had been in effect during the
entire peri o d (l915-l9), which
would have insured nor NAL (1914
purchase power of the ounce, the
gold production of 1915, 100000,
600, would have ma D ta ned
throughout the period, in which
event the gold roducers would have
received 100000, 900, the none
tary price, plus S25O,OOO.OOO, the
premium, total of S750,00O000,
or S345, ,491, 900 more than actual
ly received.
In imposing the excise Of so
cents pennyweight, which is
equivalent TO SO an ounce, for the
gold contained in manufactured
articles the McFadden bill enables
the industrial consumer to pay
more nearly the anticipated cost
of production during the forth.
coming five-year period, an amount
which, when paid to the producer
of new gold, will re-establish the
purchase power of tho ounce to ;t=
status of 1914, and will therefore
insure the normal production of
gold in the United States.
The gold production of the.
United States this year will be
between s40,OO0,OO0 and s5O,oOO,-
900, less than so per cent of the
1918 production: and unless some
remedy as is provided for in tke
McFadden bill is expedited the
production for the ensuing years.
will rapidly approach the vanish
ing point. as the gold mines of the
country continue to shut down.
By reason of the monetary neces-
slty for maintaining the normal
gold production of the United
States, especially during this pe-
riod of credit and currency con-
traction, of protecting the none
tary gold reserve from further
industrial depletion and of safe
guarding the gold standard itself.
Congresses Should provide remedy
without delay in the interest of
national security.
The Idaho Springs siftings-news., 1920-11-23
We Will Give Thanks

THANKSGIVING, one of those few day of days every
true American is here It's past history IS lnseparaoe
with the growth of the nation for was born IN the Gays
of our counrys infancy Ever since the time OF thatr
THANKSGIVING day has been impossible to separate 1t
from the curriculum of events Come war, come peace
come trials and come troubles into the life OF the nation
and it's people, time has always been found to set apart
one day when may render thanks spoken or I'll eS-
pressed to the Great Father for his bountful gifts.
1t is day when all may join IN its festivities Wor-
ship and perpetuation The day OF thanks to those ~
grim ancestors was day for everybody and IN Whch
everybody shared So it is today and from the rich
est palace with its plenty the home where the faces
show marks of and hunger Thanksgiving day will be
reality. 1t will always live in the hearts and lives OF
men as perpetual to those sturdy people who
thru thankuness to the Creator for His bountfu harvest
first instituted and gave us the day.
We may not have had all that we wished this past
year enterprises in these mountains may not have de-
veoped wished they might and some of our fondes
plans and dreams may have failed but after all there
great Joy in living Count the good things of the last
year-those Joys, those good times the progress made
Weigh it all on the scales of time and the balance
swing in your favor We will have thankful Thanksgiv-
ing We will say with who said long before first
Thanksgiving ooh give thanks unto the Lord for ne is
good; for his mercy endureth forever" The spirit and
significance of the day will triumph We will give thanks
An exchange in advising young men to stay away
from the city, and to hang onto hi job IN the small town.
says eff you to walk the streets week after week IN
fruitless search for work, go to of the ig cities
Employers laying off their employees by the thousands
and the end in sight The country faces the serious
that have existed during and since the world var
1t will be up to the Republican party to make good in
county, state and nation and making good under present
conditions will be the hardest talk tackled by
administration More brains and less bunk, and
l, will go long ways the road to Yuma
Leader.
"In Denver they fined covey of bootleggers s1oo
each last Monday" says Ed D. Foster. It must take
good booegger the best part of afternoon to make up
a loss like that,
The Idaho Springs siftings-news., 1920-11-23
The Glad Old Days.

All. for the age of Colonial holiday,
Oh. for the time when Thanksgiving was
youngi
Don't you repine for the old way and jolly
way,
Tinkle of tankard and squirting of bung?
Didn't the welkin resound with folly
gay,
Didn't the freight vanquish the snow?
The Idaho Springs siftings-news., 1920-11-23
Industrial Gold
Consumers Subsidy
(By Fl. N. Lawrie)

lDefe are 4oU grains III an ounce
of gold. By United States stat
ute there are 1922 grains of fine
gold in the standard dollar. Di-
viding the number of grains in an
ounce by the number of grains in
dollar, the quotient obtained is
20. .671S dollars, the price of the
fine gold ounce. That the govern
ment has arbitrarily fixed the price
of gold has been questioned, but
this fact alone determines the So
luton of the gold problem. Be-
cause the price of gold is fixed, the
premium specified in the McFad-
den Bill cannot be construed as
subsidy to the gold producer, as it
constitutes compensation of the
loss in the purchase power of the
gold ounce, and for the same rea-
son the consumer of industrial
gold who buys the metal at the
pre-war price is receiving a subj
sidy. Fixed in price, gold cannot
respond to the law of supply and
demand, and market conditions
differ altogether from all other
products.
As compared to 1914, the aver
age purchase power of the dollar
in terms of the wholesale prices of
all commodities during the last
FIVE years (l915-l919) was 81 cents.
The gold ounce, the only source of
income 10 the gold prouucer, with
a purchase power of S2067 in
- 4 had an average purchase
power during the last five years
(l9l5-19l9) of S2O.67 multiplied
by OCT, or Sl3 s5. Had the $40
premium been in effect during the
fye-year period the purchase pow
erofthe gold ounce would have been
$40. 81 multiplied by OCT equals
$40 "a, or 13 cents below the fixed
price of $20.67. Opinions have
already been expressed by our
leading financiers and economists
that it will be a matter of ten years
before the 1914 dollar will have
regained even a large part of its
purchase power, and many ques-
tion that it will ever return to lis
purchase power of 1914. 1t would
be most liberal to assume, there
fore, that the 1914 dollar will re-
gain its purchase power during the
fve-year period 1920 1924, in
which event the average purchase
power OF the dollar during this
five year period would not be less
than 67 cents the average during
the period of uprising prices (l915
1919. The purchase power of the
gold ounce including the $40 pre-
MUM, based on CT cents as the
purchasing power of the dollar,
would be S20.5 during the period
(l920-1924), the same as if the
premium had been in effect dur
ing the period (l9 l 5 10 Is J..
1t is fun d m n tai to tn e
maintenance of normal gold pro-
duction during this alb Il or m a
period that the purchase power of
the ounce be restored to normal as
compared to 1914. The McFad
den Bill providing a premium of
$40 an ounce for the newly pro-
duced gold will accomplish this
result.
Had the price of gold ascended
to the average wholesale price of
all other commodities during that
fve-year period (1915-1919) the
gold producers would have receiv-
ed for the amount of gold they
actually produced S21s,280,000,
more than the amount which they
did receive of S4O4. 500. 600 of
the $21S, ,2e0,0CO, the amount which
would have been paid by the in
dustrial consumers of gold would
have been S122 6s6 600 for the rnld
The Idaho Springs siftings-news., 1920-11-23
YOUR WANT ADS.

FOR SALE--Singer sewing machine,
$22. so; range, s35 90; sanitary cot, SO:
a bed and springs, Sc 90; one pair por-
there's, $500. Call or phone DIR. Weber,
Idaho 3. 1124tf
The Idaho Springs siftings-news., 1920-11-23

Don't you feel sore for the bright days
of yore
Regard for the truth must elicit NO
Those. to be sure. were the days of fes-
tiy!ty.
Daye when they dared to put brandy in
nffnce;
Batting however, was but one activity
Wolves were at door and the Indians,
f'ripce;
The Idaho Springs siftings-news., 1920-11-23
share Your BLESSINGS.

That is not true gratitude which
does not seek to share its gifts with
others.
The Idaho Springs siftings-news., 1920-11-23

"Rejoiee in the Lord always" says
the Bible. Thanksgiving is a good day
to begin this habit.
The Idaho Springs siftings-news., 1920-11-23

Lost-A Shaeffer fountain pen. Finder
please return to Siftings-News Office
and receive reward.
The Idaho Springs siftings-news., 1920-11-23

len Tom left the farm to
go to the city to make his
fortune he did it contrary
to the oininous head
shaking and phopheeies
of disaster of all tho
neighbors. Even his fa-
ther and mother, with past
,,,,,.- - +n;1 ~.,;,u L..
The Idaho Springs siftings-news., 1920-11-23

FOR SALE CHEAP-Ten new volumes
Letters and Papers of the Presi-
denls." Inquire or write Ellen A An
derson, 1903 Virginia street. 1l-9-tf
The Idaho Springs siftings-news., 1920-11-23

-Pasteurized Milk and Cream at
McBride's Corner Drug Store.
La prensa. [volume] (San Antonio, Tex.) 1913-1962, 1920-08-08

Ante 81 formidable problema &c cuya
soluci6n tenenos que ser testigos pre-
senciales, sino es que vlctlmas' dlEi-
mos algo acerca de los b~olshevikls,
esos hombres de aver que hoy llenan
con sus DOCTRINES y sus agenteS y 81
propaganda y aun con su orc. e. mum
Go eutero.
Los bolshevikis forman el grupo
mas nuneroso del partido social revo-
~lucionario russo, que en- 1903 Sc dIVidlo
en- dos Grupos. los bolsheTlk!S y los
m~enshevikis, imbufdos tcdos en- las
teorias de Marx. de manera que Sc
puede Gecir que en- csc n naci6 9!
bolshevikiSmo.
La guerra mundia! hizo que tan III
ncsto grupo saliera A Ia escen& poll
,ica como el partido domiuante en- Ru-
STA deSde 1871. en- que Sc apoderaron
del gobierno Leniue y TrOtzky. DeS-
DC .! , de Nuvicrbre de csc Il co
memo 81 terror rojo en- Russia. que
aun Subsiste y amenaza el
mundo entcro.
Sc achaca tenazrncnte a los alema-
mes ell habcrse Waldo de los bolShevi-
kjs para apartar = Russia de Ii guerra,
aunque para clio Sc d~esencadcnara Ia
guerra civil Y Ia aharquia en- Russia.
4 Ultima bora lIegan "3ticIas dc
oue le ~ofensiva roja contra Folonla
ha sido c~ontcnida por IA resistencIa
desesporada que han hecho los disnoS
paisanos del ilustre Sobiesk!, que en-
., siglo XVII sanv6 a Ia clvilizaci6n al
scholar a los turcos frcnte q los muros
de V!ena-.
Sera definitiva esa detenc!on' 0
meior dicho el principle dc Ia reurada
do los bolshevikis hac:a suS cuar'e!eS
~ Moscow? 20 enviaran ruevos re-
fuerzos para veneer la reststencia po-
laca?
rs de ,emerse 10 ultimo. porQue nay
ore toner en- cuental que los eJerc!toS
Do, Soviet cuentan ahora con tres MI
uon.s de hombres y es 7 dc las ma
f~ormidables mAQuinas &c guerra que Sc
bevo ytsto. Y como asp!ra a Ia con-
ouista del mundo. no es &c cTeeFSe
one Sc detenga ante ningin TaIaa2T'
Tanbien Sc dice que Francla o III
r,ater-a estan dec!didas a estao!eceE
q hIonuco contra Russia como me2io
La prensa. [volume] (San Antonio, Tex.) 1913-1962, 1920-08-08

Sc ha clausurado IA session de Ia Lii
g. de las NaCiones que Sc ceiebr6 en-
San Sebastian. Espana, sin haber TO
cado siquiera niHguna dc ;as cuestiones
Candentes On II actuaiidad. Mis- que
session formal de una cosa tan seria
como n Liga. pareci6 una reunion de
buenos amigos que fuG a Il
San Sebastian, que es el puntO d donde
van a pasar los c~alores del estto la
Carte y la nobleza de Ia sangre y del
dinero de EspaNa.
Ia tremcnda question de Polonia,
n dc lrlanda' V tantas otras que estan
d!vIdiendo a los ai!ados. mejor dichO.
que los han dividiGo VA, puesto que
Italia va no toma parte ~ las delibe-
raciones de sus al!ados i" aver, Y q sI
vez ~F'rancia . IngIarerra Sc han desen-
tcnd:Go va de ella Y para nada IA con-
sultan. En- cuanto a los Estados Uni
dos pasa 10 mismo. de suer;c que TODD
q peso Ic IL situaci6n mundial Sc ha
Geia,io p Francia 9 IEglaterra. q Lloyd
G"crge Y a Millerand.