davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-12-16
Stock Prices
Rule Firm i'm
Broad Market
Transactions Above l,OOO,-
600 Shares; Short Cover
ing Aids Prices; Sale of
City Issue One of Features

The center of the stage in yester-
days financial events was occupied by
the security markets. In speculative
issues at the New York Stock Exchange
the volume of trading, as measured by
transactions, reached 1,01S,900 shares,
passing the million share boundary for
the first time in seven weeks. More
over, besides heightened activity, there
was an acceleration in the rate of in
crease of quotations, and a rally in the
afternoon, buttressed by short cover
ing, brought moderate firmness even to
the upward movement for almost d
fortnight. Among industrial issues
many stocks touched the summit prices
thus far of the year.
In the investment market, which
again was firm, the significant develop
ment was the successful bid of syndi.
cate headed by J. p. Morgan & Co. for
$55.00o0O0 of ffty-year 41a per cent
corporate stock of the City of New
York. The bid was 10S.407, making a
yield basis of 4.35 per cent. Roth in
the volume of bids made and in the
premium offered by the successful one,
the bidding was unprecedented. The
price at which the securities were
placed represents the profound change
that has taken place in the money
market in the last year, particularly in
the last six months. BY deferring
long-term financing-the city has done
none since 1917-the Comptroller has
been able to get the needs of the city
financed without encumbering the mu-
nicipality with q quasi permanent debt
incurred at abnormally high interest
rates. The bidding, on the other hand,
also measures the new level of the
market for the best municipal securi-
ties. 1t is another sign of the passing
away of the period of exceptional op-
portunities for the investor and un-
wonted burdens for the borrower.
The foreign exchanges, after resum.
ing their rise on Wednesday, turned
slightly easier yesterday. The press
report from Germany that the govern
ment had asked for an immediate mo-
ratorium on reparation payments
proved little disturbing, for the
financial district had been under the
impression that Germany was in pos
session of funds and credits sufficient
to take care of the January Is and the
February Is installments.
Wheat prices were irregular, but
covering toward the close made final
quotations firmer Cotton prices fluctu-
ated within narrow boundaries, closing
points higher to points lower.
New-York tribune., 1921-12-16
In Wall Street
National Cloak and Suit Company

In connection with the sale of it's
Seventh Avenue real estate holdings to
the Coraleigh Realty Corporation,
which has strengthened its financial
position, the National Cloak and Suit
Company made public some interesting
figures yesterday relative to its ousi-
ness. According to its own estimate
the company will turn over business
Of approximately SGT 100000 in the
current year. 1t will handle 100000
orders, which ia a reduction of 9 per
cent from the number Of orders taken
care of in 1920, record year. The
company has at present more than g.
100000 customers, and it employs
about $500 people in it's two plants
The company has not suffered in vol
ume Of sales to the same extent as
some of the other mail-order houses,
because its business is not SO exclu-
sively with the farming element, and
because it deals almost entirely with
necessaries. 1t is understood that mer-
chandise inventories at the end Of
the year viii approximate $4,000, 900,
against S7,0000 600 at the close of 1920.
Moreover, the company will have no
current notes payable on December 81.
New-York tribune., 1921-12-16
Pacific Gas and Electric Extra

Directors of the Pacific Gas and
Electric Company yesterday declared
an extra dividend in common stock
equivalent to 81 q share, in addition to
the usual quarterly cash distribution
of $1.25 a share. The extra calls for
the issuance and distribution of COM
mon stock of par value of S6SO,O0O.
''In the twelve months ended October
81 last the company reported a surplus
Of above the per cent rate of $1,1S8,-
540," said A. +. Hockenbeamer, vice
president. The additional distribution
is made in partial compensation for
dividends withheld from the common
stockholders during the war for a
period of almost two years, when ris-
ing costs and other abnormal cond-
tions and the need of conserving cash
and diverting surplus earnings to
capital purposes made this the most
prudent course. Within recent years
the company has invested a very large
amount Of new capital in additional
facilities demanded by the growth of
its business. Looking to the future and
assuming the continuance of the pres
ent more normal conditions, it is stated
to be the company's policy to distrib-
ute to the common stockh olders fair
share of the earnings which the very
heavy capital investment produces, and
to do this to an extent that will place
the common stock on an investment
basis where it can be used as medium
of future financing"
New-York tribune., 1921-12-16
Italian Income Increases

Information received from the Banco
di Roma, of Rome, indicates that the
income of the Italian government for
October reflected an increase of more
than 300,000000 lire over the receipts
of the corresponding month of 1920.
For the first four months of the fiscal
year the increase amounts to almost q
billion lire more than in the CORE
spending period of last year. The in
crease shown in receipts from direct
income taxes alone in the four months
period was about $4,000, 900 lire, those
from government industrial enterprises
increasing about 142,000000 lire, and
those from the revenue stamp tax about
1873, ,OOO. 900 lire.
New-York tribune., 1921-12-16
Copper Mine Resumption

The way in which the copper market
has improved within recent weeks
places the metal in a position which
will allow American producers to view
the reopening of their mines much
sooner than anticipated few months
ago, in the opinion of ''The Engineer
ing and Mining Journal" which adds:
.'The record for the last part of 1921
is especially pleasing when compared
with a similar period last year. The
copper dropped steadily from 1850
cents in July to 1915 cents at the end
of 1920. The present behavior of the
market is complete reversal of last
years record. The patient is being
cured by bitter medicine-an almost
complete closure of American mines
and some financial surgery which has
allevisted the pressure Of surplus
stocks. These dEstic measures have
SO improved the copper situation that
. revival Of the industry il not far of"
New-York tribune., 1921-12-16
Computing, TabuIating and Recording

Active buying was resumed in Com
putting, Tabulating and Recording yes
teroay, and the stock at the close had
advanced to SAN, a new high for the
year and a net gain Of 37s points. In
addition to the recent Improvement in
the company's earnings, negotiations
are under way which will result in the
acquisition of two other concerns.
Formal announcement of completion of
this deal is expected in the near fu-
ture. AS pointed out in this column a
few days ago, Computing, Tabulating
and Recording earned its 81 dividend
in 1921 from practically its tabulating
business alone. With the expected i'm
provcment in other departments the
Street is beginning to talk of an in
crease in the dividend rate some time
next year.
New-York tribune., 1921-12-16
The Dollar i'm Foreign Exchange

Foreign exchange rates ruled easier
yesterday, although sterling held fairly
steady for greater part of the day
near the closing level of Wednesday.
showed net loss of tx cents at
$4.17%. French francs dropped below
8 cents again, but guilders worked
slightly higher.
German marks sagged, possibly in
sympathy with the announcement that
Berlin had formally asked q mora
torium. although it was generally sup
posed that this fact had been dis
counted.
South American rates were frmer
and exchanges on the Far East held
c+ooIv
New-York tribune., 1921-12-16
The City Bond Sale

Wall Street was not surprised at
the extraordinary success of the city's
financing The sale of the S55,0O0,000
Of fifty-year ANS at price of 103.407
was about in line with the expectations
of many Of the financial experts. One
Of the advance estimates had indicated
that the bonds would be sold by the
city at 103 to 104, and would be re-
tailed by the bankers at between 105
and 106. The actual offering price at
which the Morgan syndicate is market
ing the securities to-day is 104sz, 20
yield more than 4.25 per cent.
New-York tribune., 1921-12-16

Bank Clcarings-Bank clearings at
New York yesterday we're: Exchanges,
S753,300, 900; balances, $83,200,000.
Silver-London, 35Bd; New York,
domestic, bar, 95ssc; foreign, SIC;
Mexican dollars. 49&c.
New-York tribune., 1921-12-16
Penn Seahoard Steel


A member of the Penn Seaboard
Steel board stated yesterday that in
of common stock the directors of the
company do not contemplate the offer
ing of any of this stock to the present
stockholders for purchase-at least not
until the requirements of an enlarged
business in the future make such ac-
tion desirable. The stock was author
lied, he said, in sufficient amount to
cover any conceivable needs of plant
expansion through exchange of securi-
ties. In the case of the recent pur-
chase of the Titusville Forge Com
pany arrangements were made which
precluded the sale of the Penn Sea-
board stock involved in this transac-
tiop in the open market for several
months to conc.
New-York tribune., 1921-12-16
Money and Credit

Call money pursued an erratic course
yesterday on heavy turnover Of funds.
The renewal rate was per cent, but
later 41a per cent was quoted, only to
be followed by jump by the close to 6
per cent. The late tightness was at
tributed to miscalculations regarding
government operations.
New-York tribune., 1921-12-16
Freight Car Loadings Increase

Loading of revenue freight during
the week which ended on December 3
totaled 747,454 cars, according to re-
ports just received from the railroads
by the car service division of the
American Railway Association. This
was an increase of 1887 cars over the
total for the previous weee, which in
scluded Thanksgiving Day, but was 1885,
100 cars less than that for the CORE
spending week last year and III 1882 less
than that for the corresponding week
in 1919 The tabulations showed 470,-
914 cars loaded with merchandise and
miscellaneous freight, an increase of
51,157 over the preceding fve-day
week Loading of grain and grain prod
ucts amounted to 47,227, an increase of
12,146 cars over the week before An
increase of 6,0S9 cars was reported for
livestock.
New-York tribune., 1921-12-16
Regular Marine Dividend

Announcement was made after the
close of yesterdays stock market that
the directors of the international Mer-
camille Marine Company had met and
declared the regular semi-annual divi
dend on the preferred stock, payable
February l to stockholders of record
January 16.
New-York tribune., 1921-12-16
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings

(Copyright 1921. New York Tribune Inc)
Stocks
New-York tribune., 1921-12-16
Middle States Oil
nm

Plans of the Middle States Oil Cor
poration, it was said yesterday, have
been modified to the extent that it is
now proposed to completely absorb all
the subsidiaries, including Imperial
Oil, instead Of listing their shares
separately. Such move, it is believed,
wall save considerable money in taxes
and help the market for The minority
shares Of the subsidiaries.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-04-24
there has been no great permanent civ
ilIaatIen In tho tropics.
Haye you eyer realIaed lhat our own

Have YOU over realized that our own
ETaRdLthorE were less removed from
the conditions of Julius Caesars time
than they were from those Of today In
all matters Of material civilization? The
methods OF travel and manufacture. OF
distribution Of goods, Of transportation.
were those OF the Romans down 10 the
Industrial revolution Of the later clgh.
tccnth century and early flneteenth.
That Industrial revolution resulted In
the main from the substitution OF the
steam engine for human and animal
power. And 10 the Industrial revolution
was conditioned by coal.
Coal In a temporary thing. a few
thousand years. NJ most. and II will he
gone. Then viii BE- the time when tho
Importance Of the tropics TO the white
man viii become vital When II is no
longer possible 10 keep warm In our
winters. when fuel II prohlbltory In
price or not 10 be had nj any price, We
must migrate TO the tropics. In the
meantime We have got 10 learn how TO
live there.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-04-24

many's OBLIGATION, II at the same time
tho resolution Get forth the Schate's
view % the amount 81 PREPARATION that
should he cxacied,
Indications are that the question Of
the extent To which Germany can make
PREPARATIONS will be- almost as active In
the new SENATE NJ that of establishing
peace itself.
VI, lnni and his associates here hive
Impressed considerable nuInher ~
senators. M well M administration
heads. with the difficulty Of any nepara.
lions settlement "aa Ions aa the United
States. by silence. encourages Germany
to resist the allied reparationa de-.
mands."
They have pressed the further View
that not only European rehabilitation
and prosperity cannot b. achieved until
Germany meets her PREPARATION liabili
ties. hut that American commerce will
b. correspondlngiy hampered.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-04-24
SENATE FACES BATTLE
OVER An INDEMNITY
NV ~ d. Hunn

WASHINGTON April 22-Thc pre-.
posnl Of former Premier Nivianl of
France that the United States Senate
incorporate In any resolution establish.
Ink peace with Germany clause rec
ognizing Ocrmany's moral rcsponsibill.
~ for the war and her obligation To
make PREPARATION Ia tho limit of her
ability. viii be- fought by the group 81
tltter.cnders IN tie Senate. including
Knox, johnson and Borah.
While all u those senators. being Re.
publicans and not wishing 10 emharrass
the administration. decline to BE- quoted
I'm their views. they do not hesitate 10
admit privately that they Wow with
alarm anything that might by any
Interpretation lay down any policy bind.
Ing the United States 20 future partlci.
patton In European affairs.
The bltter.ender group. however.
some of their numbers state. would view
favorably separate resolution express.
INK the senate's recognition Of Ger
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-04-24
WELL ALL MOVE TO THE TROPICS
WHEN COAL IS GONE WITHIN FEW
THOUSAND YEARS, SAYS PROFESSOR

nous differences? The system Of pre-.
valling winds. In the temperate zone
In both the north and south hemls.
pheres the wind blows three. fourths ~
the time from some western quarter.
on the Atlantic Coast our winds
come over the land. And land winds In
summer are hot winds and In winter
are cold winds. because the land gets
far colder than the sya ever does. The
opon sea doesn't freeze except In the
polar regions and until u freezes you
can't have temperature belowe ~ De.
grees Fahrenheit whereas YOU can have
the temperature Of the land 80 degrees
below zero.
but In Euroe they Ge, the west winds
off the water. Consequently the eli
mate II mild. The summers are cool,
the winters are relatively warm.
The western shore of a continent is
one of mild climate and small tempera.
ture variation. The eastern shore In one
Of s,verc climate ana great variation.
Why II II that the white man doesn't
thrive In the tropics In tho first place,
there are the insrc,.hornc disease. such
rs yellow fever tropical malaria. trop'
teal dysentery. sleeping sickness.
You never saw finer looking crowd
of children. healthier looking women,
than tho American women and childen
In the Panama canal zone. Yet n very
Cargo number who went Ia the isthmus
and had M particular disease. simply
could not stand the climate and had to
va home.
II was the constant pressure of that
monotonous heat. not very sevorc--f
never saw day In Panama anything
like what We often have here In Au'
Gust--hut il Il the unreionting pressure
of H. After six months or a year you
feel that YOU would give anything you
possess to see a snowflake. That IN why
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-04-24

less than the total In The bin. a. passed
at the last session and peslstseses4 "
Wilson. IN agroelns 70 a force o. ifs.eoa
regulars. tho subcommittee cemmefals.
al with Secretary Weeks, vho urged
provision Tor iss,eee men. Tks tt-.@st
strength Of the army "a approximately
2as. 900.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-04-24
by WILLIAM u. SCOTT,
Professor Of Geology and Palaeonio logy
In Princeton University.

-"
Ny dear old friend, DIR. Hll,was very
fond Of saying that this Is weary,
wicked world. and few Of us get out OF
II alive.
In asmuch as We have 20 live our
lives here. we are necessarily under the
conditions OF terrestrial existence. There
IL no geographical fact OF greater i'm
portance than climate.
Civilization has arisen and has been
maintained almost exclusively In tho
north temperate zone. There In not and
never has been an indigenous tropical
civilization.
hut we are wont to attribute a great
deal too much importance to latitude,
because. as a matter OF fact. the pre-.
vaillng system Of winds In almost as
important M latitude in determining ell.
mate.
For example YOU know that In the
south 81 England there II an ex,raordl.
nary mild climate. The southwest cor.
ner Of England doesn't know anything
about frost or snow. The islands just
OF Cornwall raise flowers FOR the Lon.
don market all thu year round
Continue the latitude across the AZ.
hntic--you land In Iaborador. one ~
the bleakcst places Of the earth, with a
climate ~ severe that even the Eskimos
are hardly able "a live In the Interior,
Similarly, u you go tom New York to
San Francisco you are ON the same par.
alki of latitude. and you 90 up the Ia.
cific Coast TO sltka In Alaska, and you
find there n climate like that OF Lon.
don, with winter which Is FAR mildcr
than the average New York winter and
q eooicr summer.
What In the reason Cor these cnor.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-04-24
NEW DILL CALLS FOR
.4ARGR STANDING ARMY,
D. Associated Pres,

% Amotihtld Fffa5,
WASHINGTON. April 2s.-Provlslon
fsE a -scguiar army Of 10000 men. as
asninst tho $4,000 agreed upon by che
last congress. Ii contained in the re.
draft OF the army appropriation bill
eompleted today BY tho house sub com.
miiiee. The measure carries approx
malsly $4,000. 0OO--neafly $4,000, 900
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-04-24

\ starch moleculc, one ef tho larg'
oct known, contains about $4,000 atom.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-04-24

Cotton plant seeds. which ehcs were
burned. are now sources u variety Of
food ola W. 4
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-04-24

Egypt raises watermelons that weigh
more than 100 pounds.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-04-24

Clcaninas from feather pillows have
been found 10 be rich In nitrogep.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-04-24

Dried cotton plant Seeds are uscd
AZ fertilizer and catt,e food.
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1921-09-28
LOCAL COW BIDS FAIR
TO BREAK WORLD REC CORD

With an average production Of over
four pounds Of butter per day since
Jan. 2, when put on test, Neeltje Mer-
,cedess De Kol Homeland, Holstein COW
on the P. Frost Spaulding farm, bids
fair to establish a new worlds record
for the production of butter during
yearly period The local cow has pro-
duced approximately ], $50 pounds OF
butter during the first nine months OF
the test. At the present rate Of produc-
ton it is expected that the prod uction
of the COW for a. yearly period will go
well over the 1,5O0 pound mark and
shatter the worlds record which is
slightly over l,5OO pounds for a yearly
period. s.S
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1921-09-28
"A CHILD FOR SALE TO BE .S
SHOWN AT STRAND THEATRE

"a Child For Sale a powerful drama
setting forth the evils of profiteering
will be the attraction at the Strand
theatre, Oct. 18th and Sth.
The story was written and produced
by Ivan Abramson, whose earlier pro-
auctions will be remembered by all who
saw them. q.
The story is laid in the Greenwich
Village section of New York City.
where Charles Stoddard, struggling
painter, strives to earn a livelihood for
his wife and two children. His home
is owned by William Harrison. veal
thy philanthropist, who while he gives
with one hand grinds higher rents from
his poor tenants with the other. StOd-
dards wife dies, and he is forced to sell
his baby daughter to wealthy widow,
but the pain of the separation is too
great and he obtains his little girl back.
In the meantime Stoddard's little boy
is picked up on the streets for begging
and is taken to HarrisOn's prOtectOfy.4
There his father comes for him and a
stormy scene ensues when Stoddard up !.
braids the hypOcritical philanthrOpist.
When little Ruth contracts scarlet
fever a nd-hearted' doctor brings the.
little boy to the Harrison home. There
Mrs Harrison questions him and learns
that Stoddard is her son by a former
marriage which she has kept secret
from her husband The story comes to-
a thrilling climax when Stoddard saves
the life Of his landlord, and Mrs. Har-
rison tells her husband of her long
hidden secret
The story is powerful condemna-
tion of present day evils of rent prof
teering and one that will make last
ing impression. +. zssSs5
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1921-09-28
BY
GOVERNOR PREUS
Urges People To Come To National
Dairy Show October
ta% 8 to Is

Governor J.. A. O.. Preus issued the
following proclamation pointing out the
value Of the National Dairy Show and
urging the people of Minnesota to at
tend it at the Minnesota Fair grounds
October 9Th to 18th:
The Dairy COW has won her place of
distinction in the agricultural develop
ment of our commonwealth, and IN nom
or of her achievement in putting our
state in the lead over all other states
in butter production, | desire to ottlclal-
ly draw the attention OF the people OF
Minnesota to the National Dairy Show,
to be held on the State Fair Grounds,
| October Sth to 10TH. next.
In this show the dairy COW reigns
supreme. Well bred, high producing
representa- ives of the five leading dairy
breeds of cattle are shown and every
machine OF device perfected to lessen
the labor of the dairy farm and improve
the manufacture of dairy products and
insure their sanitary care and handling,
will be on exhibit. The U. s. Depart
ment of Agriculture brings through its
dairy division results of research and
investigation for improvement in dairy
lily tuuL lliLNC SOllC LO1 ShAS''
Boys and Girls Clubs and students
from agricultural colleges for many
; states will show what dairy progress is
being made in their respective sections,
and the whole show carries a cOnclu-
sive message of infinite value to all OF
| the people of this state. For this rea-
son, as Governor of the state, I'wish
here to urge our people to take adyan.
| tage of this opportunity to learn what
the dairy industry means to the prog.
ress and prosperity of the state and
I therefore, issue this proclamation sc
that our people may all be advised and
| invited to attend
| In Witness Whereof I have hereuntc
set my hand and caused the Great Seal
of the State to be affixed hereto this
| twenty-third day of September, 1921. ;
! J, a. Q, PreuS, Governor