davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-04-07
Watching London

Private cables received in the Street
yesterday gave strong intimations Of
an Impending reduction in the mini
mum discount ratio OF the Bank Of Eng
land. Two banking houses were IN
formed by their London correspondents
that such development might come
to-day, and it was stated as alros
certain that a reduction would be made
before the end Of the month. Rates in
the London open market are much be-
low the official bank rates. Yesterday,
for instance, prime ninety~day accept
ances were quoted at 5B in London
against the Bank of England's mini-
mum discount rate Of per cent. Lo-
cally the much easier tone In the money
market-the Stock Exchange renewal
rate dropped to 51s, the lowest since
October 27, ie19-caused renewed dis
cussion of a possible reduction in the
Federal Reserve discount rates. Re
serve Bank officials maintain absolute
silence on this matter and will not
even talk about rates.
New-York tribune., 1921-04-07
National Conduit and Cable

The National Conduit and Cable
Company has failed to comply with the
terms Of the mortgage securing it's
first mortgage 6 per cent ten-year sink
ing fund gold bonds, according to an
announcement made yesterday on be-
half of the bondholders protective COM
mittee, headed by Charles E. Mitchell,
president of the National City Com
pany. The bondholders are being noti-
fed by the committee that. according
to the statement filed with the trustee
showing the financial condition Of the
company as OF December 81 lest net
quick assets, which, under the terms Of
the mortgage, should equal the amount
of the bonds outstanding, were more
than 100000 below the amount of
outstanding bonds. 1t is stated that
the deficiency has increased since that
time. The unfavorable results OF the
company's past operations" the state
ment says, indicate that the existing
deficiency in net quick assets which
already endangers the bondholders is
more likely still further to increase
than to diminish In these circum-
stances and in view of the fact that
the liquidation Of the company may be
advisable. it is important that the
holders of the first mortgage per
cent ten-year sinking fund gold bonds
unite for the protection of their in
terests." Remedies under the m mortgage
may be invoked after the expiration
of the period of grace, which elapsed
on or about April 10. It is stated on
behalf Of the committee that the men,
bers are not committed to any nodi-
fcation Of the terms of the mortgage.
as suggested by the stockholders pro-
tective committee.
New-York tribune., 1921-04-07
The Dollar i'm Foreign Exchange

Foreign exchange rates were uni
formly higher yesterday, with notable
strength displayed by Italian lire,
which advanced to q new high mark for
the year at 4.32 cents, net gain of IS
points for the day. Sterling moved up
from 1891 Y to S3.92$s.
Swiss francs were the only impor-
tant European currency which did rot
show an upward swing, even Greek ex-
change moving up after several days of
declines. The Spanish peseta advanced
to Ia cents and the Danish crown to 18
cents. Slight declines were recorded in
rates on Poland and JugoSlavia, these
being the only two countries to move
against the current.
Rates on South American countries
however, were sharply lower, following
the trend which has been apparent for
several days. There was slight ad-
vance in rates on Hong Kong.
New-York tribune., 1921-04-07
Land Bank Issue Soon

Plans for a new issue Of Federal
Land Bank bonds are gradually taking
form and it is expected that a public
Offering Of an amount undetermined
as yet, but which may exceed $35, ,000-
coo, will be made around the middle
of the month. A syndicate is being
formed to underwrite the Offering.
The bonds are to bear a per cent
coupon rate and run for twenty years,
with the option of retirement after
ten years. According to the act under
which they are issued, they cannot be
sold for less than par. The outstand-
ing Federal Land Bank IS were quoted
yesterday at 991a@100, having turned
strong during the last few DAYS.
New-York tribune., 1921-04-07
A Money Lendsr's yfcwx

whether money Will be permanently
easier" observed prominent money
broker yesterday. depends largely
upon to what extent the interior draws
against New York in the near future
Business liquidation and gold imports
are of course the main Influences MAX
ing for a better supply of money. II
interior districts are able to finance
their own needs without drawing upon
New York l should say that we should
have much easier position here for
the long period. At any event we are
likely to have a freer market"
New-York tribune., 1921-04-07
Money and Credit

The call loan renewal rate at the
Stock Exchange dropped from 6 to 5.5
per cent yesterday, the lowest renewal
basis since October, 1919. Subse-
quently loans were arranged at the
exchange on s per cent basis. In
the outside market money was freely
offered and the rate touched 4 per cent
there in the afternoon.
Yesterday. Year ago.
On mixed collateral 51a z
On industrial collateral 54a 7
Time money (mixed col
New-York tribune., 1921-04-07
Stocks Elk Dividend
Paris Market Steady

PARIS, April 6.-Prices were steady
on the Boursc to-day. Three per cent
rentes, 81 francs 20 confines; exchange
on London, SIS francs 20 confines; 5
per cent loan, S3 francs 95 centimes
The dollar was quoted at IA francs .
centimes
New-York tribune., 1921-04-07
London Money Market

LONDON, April 6.-Bar silver, SO Z d
an ounce; bar gold, 104s lid; money,
Id per cent. Discount rates: Short
bills, 5A per cent: three month bills.
6 l-S to 3-16 per cent Gold premium
at Lisbon, l4O.
New-York tribune., 1921-04-07

Bank Clearings clearings at
New York yesterday were: Exchanges,
S551,745,733 balances. S54, ,846,746.
Silver-London, 33A d; New York, do
mestic bar, 991ac; foreign, 57fsc; Mex
lean dollars, "a 1sc.
New-York tribune., 1921-04-07

Gables ...2s25 2625 4S25
STRAITS SETTLEMENTS (par 56.s cents
dollar)
Demand ....... 4b.75 $3.50
Cables A6.O0 1915
THE AMERICAS
ARGENTINA tpar 42.44 cents paper peso)
Demand .......3 33.l25 $3.50 1918
Cables ......... 1926 33.625 1895
BRAZIL (par S2.45 cents paper milreis)
Demand .......13.S75 14.25 26.S75
Gables .........l4.00 1873 27.00
PERU tpar S486 pound)
Checks ........ 3S2 382 4.75
ECUADOR (par 1880 cents sucre)
Checks (nominaD 1925
CHILE (par 36.5 cents q peso)
Checks ..l3.625 1916 1850
URUGUAY (par 103 AZ cents peso}
Checks .70.50 7l25
VENEZUELA (par 1913 cents a bolivar)
Checks ........16.26 1926
Cnnadian Exchange-~New York funds in
Montreal IL per cent premium; Mont
real funds in New York 10}s per cent
discount.
New-York tribune., 1921-04-07
Bonds Do Hetfer

Although the aggregate Of bonds
traded in at the exchange yesterday
was slightly less than the day before,
the tone was strong, and an active de-
mand developed for the Liberty Loan
and Victory note issues, resulting IN
substantial advances. The fourth AZ $
rose from 87.18 to $3.50 and closed at
S7.4o on dealings in excess of par
value of S2,O00,000. The third A S
were marked up from 90.32 to 9OS6,
closing at 90.76. The first Az Jumped
from 87.68 to 8796 The 6rst-second
AS, an issue of which only few are
outstanding, dropped from 100 to 90 on
the sale OF six bonds. In the foreign
government bond group the Norwegian
So touched par, while the United King
dom 51as Of 1922 rose from 94s. to
95A. The Swiss SIS held firm around
104A. Railroad bonds were firm.
New-York tribune., 1921-04-07
Bid and Asked

Following are the closing bid and
asked quotations of stocks listed on the
Stock Exchange in which there were no
transactions Yesterday:
New-York tribune., 1921-04-07
Bid. Asked.

oiNts <AN RCA
Hydraulic st, II u
do pr -.... - so
III Cent l l 69H -
Ind Ref pr. IS
Int Agri pr. rs 459'
| NJ T lst pr 72 "A
do 2ct pr. 90 63
Int Nickel pr. so S5
Int Paper pr. "a 10l
Int Salt .... 49%
Iowa Central. 4 s
Iron Prod .. SO 81
Jewel Tea pr 20 2S
Jol b East. 80
Jones Tea ... 20 %
KCFS&M pr. 6oA 621
* CITY 80 pr 49ia SOL
Kayser ] -. 70 rs
do lst pr. r.. 96k
Kelsey Wheel. AS 80
do pr $50. so 20
Kelly Spr pr "a 76
do s pc pr. "a So
Keok & d NJ. / 10
do pr ..... %
KreSs & Co.. - S5
qn pr nn
New-York tribune., 1921-04-07

Bid. ASKED.
Rush Term 81 100
Cal G. Ariz. 4aH 48n
Can Southern. 40 s5
Case Plow 8 q
Cen RR N J.1s0 2l0
Ccrtainteed 40
do lst pr. so
do I'd pr. 20
Chi & Alton. eA ~
do pr . 1l1S 90
C * n W DIT % lO0i.
CRI&P7 pc pr II ~
C $ L VI & o = co
do pr ....A. so nl
C c c & S l. 1914 -
do pr ..... c04 e.
cluett Peab pr . @
C. + & ! pr. 100 los
c & $ lst pr 81 53ia
do ID pr. .. 4S "a
Con Cigar pr 70 Il
Cont Can pr. 90 80
Cont ms Co. 81 G3
Crex Carpet. =. 50 55
Cru Steel pr. 81 SIS
Gu Am Su Or % 100
Gu Cane Sug 63ls Gil1
New Iv,o,, o.. 90
New-York tribune., 1921-04-07
A Rare Bird

Duluth and Superior Traction COM
mon stock changed hands at the ex-
change yesterday for the first time in
eleven years. Two hundred shares
were sold at 1S. The range in 1910
vas 7O1a to 72N
New-York tribune., 1921-04-07

BID Ahk
IN Y G & s i A AZ
do lst pr. so II
do I'd pr. 81 81
n Y l. &c w. SO 50
N Y O & " 1871 I7A
y Y Shipbldg. 26 so
Norfolk SO e% 10&
Norf x W pr Ga SO
North Am -. So 591s
lOhio Body E. ga 97s
IOhio Fuel =. As so
IOnt Silver e.. 4 ~.
lOrph CIR pr. 100
lots Elev pr "a
lOtis Steel pr. n 70
Owens Bot pr. 100
Pacific Coast. IS 20
do lst pr o.. so 100
do I'd pr. i5 so
Pac Tel & r 40 As
Pan A p i 60M 81
Parrish Bing.. 1874 -
Penney J C pr 81 S6
Peoria & e. ~ II
Pere Mar pr. 80 AZ
do prior pr. 81 -
Petit MUM. -. 34% G2ss
New-York tribune., 1921-04-07

BID; Asked
ADAMS EXP. II q 80
"a Kumeiy pr 491a
Air deduction. 81 81
Al Chain pr rs s0%
a a, Z Dye pr 81 a ~
Al ~, Am Caoie. lo4% llo
An hcaity :: 10
"n1 a. n.." No'e .! %
~ Nv p. ~ g ~ 81 aS7-
:, Az ~ psve Saa . pr oo> ~
4 ,'' - I.''i ~ 80 'o'2
Am CNicls - ~ ~ = oq1l
,,sa cor on nr 81 81 81 81 =
Am Express 191 az
Am ui,ie A. i. - an
Am Icc ~ - eSs 8.
Am Loco ~. mi M W.,
Am Mai, &. - So o = ~. a. .
Am Kadio 90 ~
Am SnuM 1o1 az ,av ~
10 nr -. ioi W
An, &, ~, 49, ~ 90 90
Am sim r y, ~ 80 S9,1 Sv,l w
Am Tei &. - - IA, o3 =
Am Vol -. ae % %
Am = &, - 'St os - z
r y
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-08
JOHN RAU, SR.,
PIONEER GLASS
MANUFACTURES
Manager Of Paramount Works
Rises From Factory Helper
to Ownership.

Typical Of Hoosier Industrial life is
the story OF John Rau, ST., president and
general manager of the Fairmount Glass
Works Of Indianapolis. Within the span
Of a third of century Mr.. Rau has
arisen from factory helper to the owner
ship of one Of the largest glass plants
In America, which manufacture bottles
for use in all parts of the world.
The Paramount Glass Works was es-
tablished in 1889 at FairmOunt, Ind, by
John Rau and three other men as an
equal copartnership, for the manufacture
Of glass bottles. In 1895 the stock of
the company was bought by MIR. Ran
and four of his brothers and a large
plant, consisting of four factories, was
operated during the boom days of the
natural gas field in Indiana. In 1904 the
plant at Paramount was torn down, moved
to Indianapolis and rebuilt into the two
large factories which comprise the pres
ent plant
Two Of the brothers died and the
others, excepting John Rau, retired from
the firm and at present the company is
operated by John Rau Sr., president and
general manager; John II. Rau Jr., vice
president and secretary. and Charles D..
Rau, treasurer and traffic manager.
John Rau, president of the company, is
one of the pioneer glass manufacturers in
Indiana. He began as a boy helper in
a bottle factory in Louisville, Ky, Le-
came a bottle blower and later factory
manager. He had little opportunity to
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-08

therefore. is at hand that 6S per cent Of
the citizens Of Indianapolis are pleased
with their home city. And they ought
t oknow.
From the earliest settlement Of the ter
ritory Of Indiana the soil has attracted
contented, Intelligent and industrious folk.
If the pioneers who felled the trees and
broke the virgin soil Of Indiana had not
been industrious, home-loving men they
would have pressed on westward and
would have eventually have answered the
call Of the gold lure.
VALUE OF OWNING
HOMES APPRECIATED.
The spirit Of those early home builders
has ever prevailed in Indianapolis.
Financial leaders have consistently
preached the value of home owning, both
to the individual and the community.
Radical ideas never bloom in home gar
dens
Visitors to indianapolis always carry
away the impression Of a paradise of
homes Artistic desires and ambitions
have found expression in the building Of
homes here. Unlike Eastern cities Indi-
annapolis has no homes without lawns or
gardens. Even the residences bordering
the business district have lawns. The
comfort of shady villa ges merges with the
hustle and luxury of metropolitan life
here
The indianapolis city plan commission,
recently organized under authority Of a
State law, will guide the growth and
development of the city IN future. 1t
viii enter upon its task with splendid
material at hand. The public buildings,
churches. schools and State institutions
have furnished a beautiful background
for the city of homes. Parks, parkways
and boulevards have extended the
artistic beauty Of the domestic idea into
all parts Of the city, giving 1t a well
balanced, pleasing atmosphere.
The city is unmarried by poverty
stricken districts. 1t actually has no
slums, no tenement houses. Homes of
workingmen for neatness and comfort
compare favorably with the best homes
anywhere. The reason, of course, is that
they own them. Workers here are not
at the mercy of changing industrial con-
ditions. The diversity Of activity makes
continuous employment a certainty FOR
all willing workers.
Policies of conservation and perma
nence pursued by the real estate oper
+. ators, building and loan companies and
banks of Indianapolis have had much
velopment of the city. 1t has always
been possible for an Industrious man Of
good reputation to own his own home
here. Helpful agencies await his pleas
ure on every hand, eager to assist him
to the ownership Of his home and TO the
full membership in the city's social life
that such ownership implies.
About 5000 homes are acquired here
each year through the agency of the
building and loan companies. More than
s35OO0,0O0 of capital is engaged in pro-
noting better homes for indianapolis
workers.
The five streams that flow leisurely
through the city add immensely to the
residential sections. The great trees.
providentially spared by farm owners
of past decades, also add greatly to the
beauty of the scenery.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-08
65 PERCENT OF
FAMILIES OWN
THEIR HOMES
Real Estate Conditions in In
dianapolis Never in Top
ping Condition.
NO RENTAL CHANGES

Real estate conditions in Indianapolis
show a reassuring stability in the face
Of readjustment of values in all lines.
Topping real estate prices would cause
great hardship to the thousands of home
owners of the city beside creating havoc
In all financial circles.
Indianapolis real estate values have
never fuctuated much. Essentially this
Is a city of home owners. Sixty-fve per
cent of the 10000 or more families here
own their own homes. Development of
the city always has proceeded steadily
and without booms.
Now when conditions in all lines of
business are settling TO normal after a
long period of unusual fluctuations real
estate in this city stands as an lmper-
yious wall guaranteeing the continued
stability Of indianapolis finance.
NO CHANGES IN
VIEW IN RENTALS.
Experts are agreed that real estate
and rental conditions will not undergo
any marked change for period of two
years at the least Rents did not rise in
indianapolis on the extravagant scale
that prevailed in many large industrial
centers.
About five hundred dwellings are I'M
occupied here, according to a recent sur
vey. That figure includes some apart
ments recently built. 1t is estimated that
seven hundred new dwellings are being
erected now. So while there is no reason
to complain of a housing shortage there
Is also little likelihood of any comfortable
homes standing vacant. For five years or
more apartments have been at a premium.
Some individual homes have been obtain
able although few have remained unoccu-
pied for any considerable period.
Values Of indianapolis houses average
four times the values of the lots on which
they stand. Efghty-eight per cent of
residences here are built OF wood, s per
cent of brick, 3 per cent of stuccO and I
per cent of hollow tile
A committee of the real estate board
has advised the Secretary of Commerce
Of the United States that there is a short
age Of second mortgage money in the
city. About per cent of the rental
houses in the city are leased for 4 period
Of one year.
Indianapolis total of home owners is
remarkably high as compared with totals
Of other cities. Only 50 per cent OF the
families here do not own their own
homes"
No family ever buys home, or builds
one, in a city with which it is not com
pletely satisfied. Conclusive evidence
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-08

secure an education and has made his
success by study and hard work. Mr.
Rau built and operated the first con-
tinuous glass tank in Indiana and has
many patents ON glass blowing ma
chinery. Many Of the bottle-blowlng ma
chimes used by the company are of his
invention
The Paramount Glass Works manufac-
lures a large variety Of bottles, both
machine made and handmade, in flint,
amber and light green glass, including
bottles used by manufacturing chemists
and pharmacists and proprietary medi-
cine concerns, bottles sor the mineral
water trade, prescription ware for the
drug and medical trade, God containers
liquor ware and private mould and let
tered bottles. In fact, this company can
produce practically any kind Of a bottle
The plant includes a large modern ma
chine and mold shop, where their own
bottle molds are made and many OF
their blowing machines, and also a large
tox factory where they make their own
crates and boxes for shipping the bottles
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-08
Island Is Nuisance;
1t Will Be Burned

WORCESTER, Mass, Oct s-Faced
with the unusual difficulty Of a floating
island, the local water commissioners
have decided that the most satisfactory
way of getting rid of the nuisance is to
burn it. The island, which is composed
chiefly of peat, Is about six feet thick
and is located on Horse Pond. 1t is
planned to pull the island close TO shore,
drain of the water in order that It may
dry and reduce 1t to ashes which win
then be blowed away by the wind.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-08
FAYORITE HANGING TREE.

LONDON, Oct. s-A young woman
found hanging from tree in Covent Gar
len was the sixth person who used this
tree for suicide this summer. If another
commits suicide there a guard Will be
stationed at the spot.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-08

Fire prevention
means good
housekeeping
whether in the
t factory or
home, and con-
tinuousfire pre-
vention pays
enormous divi-
dends. A clean
and orderly
store or factory
is a business
asset and is not
a potential fire
hazard.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-08

and factory employees were thrown
out of work last year on account
of fire.
Insurance partially protects the
property owner but it does not
protect your job.
81 per cent of all fires are due
to somebody's carelessness.
More than 5000 persons were
burned to death in America last
year and many Of these were store
and factory employees.
Fire loss has deprived Indian
apolis ola large number of worth
while industries and the employees
Of these stores have been
compelled to look elsewhere for
jobs.
Isn'tit time for us to wake up
to our responsibilities?
Let's try little fire prevention
and stop burning money.
Indianapolis will wage an inten-
sive Fire Prevention Campaign
October LIST to 9th, but it must be
remembered that constant effort
is the price of permanent cleani-
ness, safety and fire prevention.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-08

Thousands Of Americas store
and factory employees were thrown
out of work last year on account
of fire.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-08
Was Eaten During 1920

AhEHEV Is The Cream of Quality and Meets the Demands of
WYE Discriminating People Who Want Good Cream
The Birmingham age-herald., 1921-01-27
FLESH AND BLOOD STOCKS

back of the curtain. blocked by the hulk of Detective Steve McGowan, whose fiashlight was focused on the fleeing spooks.
 Mrs. Grace Hill, Akron, policewoman ard manipulator of the other flashiight, stood so as to cut off all exit by the front door The host of the evening who. police say, has been advertising himself extensively as a clairvoyant and spirituaist. possessing weird and oc- cult powers of communication with the spirit world, was then escorted to poe lice headquarters in company with his wife and two women accomplices who were identified as owners of the alleged spirit voices.
 This morning seven guests of the seance, other than Detective McGowan and Mrs. Hill, and who claimed they had contributed a total of $14 for the privilege of talking with the dead, testi- fled when the "spiritualst" was ar raigned in municipal court on charges Of violating state statutes regulating opera tion of mediums and spiritualistic seances.
 The accused entered a plea of not guilty and asked for jury trial next weak
The Birmingham age-herald., 1921-01-27
LONELY ARGENTINE PAMPAS

material at hand, namely, mud, as the Eskimos build of snow and ice.'
 Progress was evidently not especially swift, and lat the more important cross ings old men. women and even little girls stood waving the black and yellow flag that means 'all safe" to Argentine train men, as solemnly as if the entire future of the railroad depended upon each of them individually. County policemen were numerous, riding along the unin- viting roads or dismounted at the sta- tions. covered with the dust or mud or travel, mingling with the hardy. inde- pendent countrymen of many races. The rural Argentine police still have far from perfect reputation, though they no longer tyrannize over the new style of ar argentino as they once did over the bold. but unsophisticated, gaucho of the Mar tin Fierro'' type. Yet somehow they were not body of men to inspire con fidence; one felt at glance that far from being protected by them, one would need some one else along to protect him from them in the more lonely parts of the country One more reason for re- joic.ng in railroad pass and abandon ing the role of tramp royal in this widss spaced country of the future.
The Birmingham age-herald., 1921-01-27

Akron. O.. Dispatch to Cleveland Plain
 Dealer.
 1N Ml YSTERIOUS and invisible spirits IlWll of departed Akron citizens were rudely interrupted in their com munication with the living during a spir- itralistic seance here last night, when the glistening white shafts of light from two large electric flashlights suddenly pierced the darkness of the heavily draped room where a dozen spectators were seated.
 Two of the women spectators, one Of whom at the time of the interruption was listening supposedly to the voice of a long departed relative, promptly proceeded to faint
 Chairs were tipped over during tthe ex- citement tin horn, concealed back Of heavy sounding curtain and through which the whispering intonations of the spirit" voices had been drifting suppos- edly from the world beyond, suddenly crashed to the floor
 The next instant there was scuffle as the owners of the spirit voices, much more lively and real than most of the spectators ever imagined. sought to make hasty exits only to find the pathway to a concealed emergency escape door