davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
British Bankers Lead
Move for Free Trade

LONDON, May ia manifesto
signed by a score of leading bankers
was published here to-day protesting
against any legislative or administra-
tive measures tending to check the free
exchange of goods with foreign coun-
tries and declaring the policy of trying
to exclude foreign commodities to be
a mistaken one
We cannot limit imports without
limiting our export trade and striking
grave blew at worldwide commerce,
on which this kingdom principally de-
Ponds" the manifesto says
Expressing the opinion that all gov
eminent controls, licenses and tariffs
can only retard improvement in con
tinental exchanges and prevent the
natural recovery of trade, the mani
festo concludes:
We desire to enter respectful pre-
test against every restrictive regulation
of trade which tends to diminish the
resources of the state
The signers include Lord Aveburv.
partner in Coutts & Co.; Lord Chal-
mers, former joint Secretary of the
treasury; Frederick C. Goodenougb.
Chairman Of Barclays Bank, Ltd; Sir
Eyerard A. Hambro, a director of the
BANK OF England; Lord Inchcape, senior
partner in Mackinnon, Mackenzie &
Co.; the Right Honorable Frederick
Huth jackson, director of the Bank of
England; Sir Robert Kindersley. direc-
tor of the Bank of England; Walter
Leaf, chairman of the London County
Westminster and PARIS Bank, and Rey
maid McKenra, director of the London
City and Midland Bank and former
Chancellor of the Exchequer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13

PHILADELPHIA, May 12.--The for
NAL modified plan for segregating the
Reading Company properties, decreed
by the United States Supreme Court,
was filed to-day. This plan provides
that the company will agree with the
Philadelphia and Reading Coal and
Iron Company that at or before the
maturity Of Che general mortgage
bonds it will obtain the release Of Che
coal company's property from the lien
OF the general mortgage and the dis
charge of the coal company from
liability on the general mortgage
bonds.
Subject to the lien of the general
mortage, the Reading Company will
sell all its interest in the coal COM
pany stock to a new corporation to be
formed.
The company also agrees to obtain
the release of the stock Of the coal
company from the lien and the trans
fer of the stock to the new corpora
ton, in consideration of the payment
by the new corporation TO the Reading
Company of S5,600o00, and it's agree,
ment to issue its shares to the stock
holders of the Reading Company.
The new corporation will issue
100000 shares of stock without par
value, to be sold to the Reading Com
pany stockholders, preferred and COM
mon, share and share alike, for So for
each share of Reading stock.
The sale is to be made in accord
ance with the precedent established by
the Union Pacifc-Southern Pacific
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
W els Fargo Settling
Accounts, Report Shows

Well Fargo & Co. have received.
since the close of the calendar year
1920, the first dividends paid on the
stock of the American Railway Express
Co The annual report Of Wells Fargo,
which was made public yesterday, in
cludes a statement for January TO April
inclusive, which shows $461,o00 was re
ceived on stock held and of this 1885,
00C represents 2 per cent on the AmerI-
can Railway Express Co. stock for the
last four months of 1920 and z per
cent for the first three months of
1921.
Wells Fargo & Co. went out of bust
ness as an express company IN 1913,
when the government, under the or
ganization known as the American
Railway Express Co., took over the
express business of all the companies.
In 1919 and 1920 revenue and expenses
represent the cleaning up of the old
business and income on investments
and real estate and the cost of ad-
ministration.
The balance sheet OF December 81,
1920, shows $10,467 900 stock of the
American Railway Express Co. held
by Wells Fargo and S4,252 900 other
rent assets amounted to 81, $50 900 and
current liabilities to $4,000.
The income account for 1920 as
already explained, reflects only clean
ing Of old business The total net in
come was $4,000 and the cost Of
settling outstanding liabilities of old
accounts was 1857 900.
If the American Railway Express Co.
should continue to pay dividends at
the rate of 6 Per cent a year, which
was the rae for the first three months
of 1921 the uotal narneut +a tha WaIlr
Fargo g. Co. would be approximately
100000, or about rs per cent on the
outstanding SIS 1867 900 Wells Fargo &
Co. stock
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
Carpet Prices Firm

Firm prices prevailed yesterday
when carpets were placed on the aue-
ton block in the sale being conducted
by the Alexander Smith & Sons Carpet
Company. This was the first time this
week that carpets were offered. The
absorptive power of the wholesalers
and retailers present was fully as
great as it was on the previous days
when rugs were sold, although the
number of buyers present was con-
siderably smaller In general the
prices were in the neighborhood of
those prevailing at the auction
month ago. In the afternoon rugs
were again placed on sale, and many
of the large jobbers, who were only
slightly active early in the week, came
into the bidding and held prices firm.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
Federal Reserve
System Position
Again Improved
Continued Arrivals Of Gold
From Abroad Account
Mostly for Gain Inn Hold
ings; ". Y. Ratio Drops

The Federal Reserve system
strengthened it's position again last
week when ratio OF total reserves to
deposit and Federal Reserve note
liabilities combined rose from $50 to
$50 per cent.
The improvement was considered
noteworthy in view of the fact THAT
the statement issued yesterday as of
the close of business on Wednesday
covered the first full week in which the
lower schedule of commercial reiis-
count rates has been in force ut sew
eral of the leading Reserve banks.
The consolidated statement disclosed
a further reduction in member bank
borrowings, the decrease approximat-
ing $1,000, 900 in the aggregate. Re
discounts against government obliga-
tions increased from 1892, $4,000 to
$917, 697 ,000 while those against COM
mercial paper decreased from $1,173,-
879 900 to SILT, 100000.
Continued arrivals of gold from
abroad accounted mainly for the in
crease in total gold reserves Of the
system from $2,343 1858 900 to $685.
553, 900 during the week.
Tht Federal Reserve Bank of New
York reported IN It's weekly statement
a decrease from $275, 1873 900 to $685.
364,19 in rediscounts of commercial
paper. Those against government obli-
cations increased from S323,901 600 to
1854, 1910, 902. The local bank lost heav
lily through the gold settlement fund,
this item dropping from $64,76S,000 TO
1926, 374,441, while it's holdings of gold
and gold certificates rose from $780,
1877. 900 to S29S, 1882, 1852 as result of
fresh importations of metal.
The ratio of total reserves to deposit
and Federal Reserve note liabilities of
the New York bank stood at 53.8 per
cent, compared with 55.5 per cent
week ago
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
Burns Bros. Report
Larger Earnings

Burns Brothers reported net profits
Tor the year ended March 81, after
depreciation and Federal taxes, of 81
1872, 1888, equivalent, after preferred divi-
bends, to $20.55 share earned on the
ss,994, 400 common stock. compared to
S1,027,055 or $11.44 a share earned ON
the $8,086,1o0 common stock outstand
ing IN the previous year.
Consolidated income account of the
Burns Brothers, of New York and
Burns Brothers, of New Jersey showed
net sales of S29, ,29S, against $24,-
053,9s0. Net profits amounted TO ST.
530,921, compared to 1894, ss9. Profit
and loss surplus was 1884, 239. against
Sl,757,7s9. Cash showed 1857 .172.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
Liquidating Shoe Stocks

Progress is being made IN renewed
liquidation of the commodities held by
the Nemours Trading Corporation,
which was formed in 1919 by A. I.
du Point and his associates, to carry
on domestic and export wholesale
business. This week the remainder of
the company's mems. misses and chill
dren's shoes were sold to the HALTER
Cert Mercantile Company, and the en-
tire stock of wooden goods to Elias
Surut & Son. The Nemours Trading
Corporation has placed the remainder
of its stock of women's shoes on sale
at retail in it's warehouse at lao West
Forty-third Street. Among the unliqui-
dated merchandise still held by the
company is said to be large quantity
of airplane cloth.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
Raw Silk More Active

Spot raw silk in the local market
has been selling a bit more freely in
the past two days than earlier in the
week and last week. Prices, however,
continue weak. The current demand
is principally for coarse silks and spe--
cial sizes which manufacturers need
to complete orders now coming through
their mills. Buying for. future. re-
have been number of inquiries on
future deliveries. Some buyers, ac-
cording to raw silk brokers, are ready
to place orders for delivery through
July, August, September and October
at from 40 to so cents a pound under
current quotations. Sellers and i'm
porters, however, are refusing to make
the concessions requested.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
Lumber Demand Drous

Demand for yellow pine and Douglas
fir, largely used in the building trades.
has slackened thus far in NAV, con-
pared with the renewed activity an
parent in April, according to this
weeks review of the lumber markets.
issued by Lumber, st. Louis. Prices
have not been adversely affected. the
review states. The decline in buying
Is attributed TO the strikes and lock-
outs current in the building trades. The
prospect of lower rates also is believed
to be inducing buyers to hold of q bit
longer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13

all, there are 100000 shares OF both
classes of stock. The fee paid the
state was $290,010, the largest ever re-
ceiyed by Ohio from a corporation for
this purpose
The reorganization scheme also pro-
vides for $30,000,e0 per cent twenty
year first mortgage bonds and $780,
100000 s per cent ten-year debentures.
The preferred stock is divided into
three classes--S40, 100000 8 per cent
prior preferred, .$1oo,o0o,ooo Z per
cent ordinary preferred and $4,000 s
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13

LONDON, May 1.-THE wool auc-
ton sales closed to-day with offerings,
of 8,s72 bales. Prices were firm and
at the highest.
During the series merinos gained 10
to 20, fine crossbreds ), other cross
breds Is and Cape of Good Hope and
Natal 5 to 10 per cent. During the
sales the home trade bought $4,000
bales, the Continent $4,000 and Amer
lea 1000, while 5000 were held over.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
Chicago Leather Holders Firm

Reports continue to flow in here in
forming local leather merchants of the
marked improvement shown in West
ern leather markets. 1t was stated
that the only packer in Chicago who
has April calfskins to sell has refused
25 cents for most of them, demanding
that price for the entire lot. Another
packer is reported 60 have refused Is
cents for his production Of April kip,
holding ont for Is cents. An Illinois
dealer refused 81 offer for horse
hides, il was reported Chicago is
sending out about 5000 feeder steers
weekly. or nearly the same as 81 year
ago, according to information received
here yesterday. The shipments of
other centers, however, have decreased.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
Demand for Trousers

Manufacturers of separate trousers,
according to all reports, are enjoying
decidedly active business. They feel
that they have one of the best argu-
ments on price of any section in the
clothing industry. One manufacturer
points out that whereas in normal
times a pair of separate trousers costs
about one-third of the price of suit,
now the high labor content of coats
has destroyed this relation, with the
result that pair Of trousers can be
purchased for about one-ffth of the
price of complete suit.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
Irregular Trend
I'm Quiet Trading
On Outside Market
Oil Shares Generally Lower
and Motor Stocks Display
Easier Tone in Sympathy
With Selling Movement

Prices were irregular, but generally
lower, in quiet trading on the curb
market yesterday. Pressure on the oil
and motor groups on the Stock Ex-
change led to some selling outside, but
price fluctuations were narrow.
international Petroleum reacted to
IL, while Maracaibo and Carib Syndi-
cate sold off slightly. Simms Petro-
leum and Salt Creek were higher, how
ever.
Cleveland Motors dropped about
three points and Durant Motors eased
off fractionaly. United Retail Candy
held steady at 8, while Intercontinen-
tai Rubber worked up fractionally.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
Costons Moderately Active

Trading in gray or unfinished cotton
goods yesterday was moderately active,
with prices frmer than they have
been all week. In some of the finer
constructions Of print cloths the price
advances over last week are marked.
Coarse goods have not advanced in
proportion. For the standard $3.50.
3S53-inch print cloths, yesterdays
market was firmer at 81 cents. ac-
cording to brokers. Activity in the
sateen, drill and other sections Of the
gray goods market was slight.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
Grain Exchange Suspends
Four for Irregularity

The New York Produce Exchange an
nounced yesterday suspensions Of four
OF ITS member firms on charges OF al
isged irregular SHIPMENTS of grain to
Germany last fall. The following. firms
were prohibited representation on the
floor of the exchange: The Eric Com
pany, during the pleasure of the board
Of managers; the Brainard Commission
Company for period of twelve
months, Armour Grain Company for a
period of three months, and Louis Prac-
tor z Co, inc, for period of three
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
Commercial Credit

Demand for commercial money re-
.dains steady, although amounts of
loans requested now are smaller than
for some time back, according to COM
mercial bankers. Much of the new
commercial paper coming into the
market bears short maturity dates.
Commercial paper rates range from z
to tx per cent, although some prime
paper of short maturity is coming into
the market as low as 6 "a per cent.
Rates for bankers acceptances
quoted yesterday by the American Ac-
ceptance Council were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13

among other covenants, that
SO long as any of these Notes are out
standing:
The Company will NOT mortgage or pledge
any OF ies real or personal property now owned
Or hereafter acquired, ualsss thess Eeses shall
snare equally and rasaeay in the lien OF such
mortgage or pledge. This covenant SHAH mot
prevent the Company from Purchasing property
subject TO g. mortgage from creating a pur-
chase money mortgage Co the extent Of 7s% of
the fair value of the property purchased, nor
from pledging as secarsty for loans made 60 IL
sn the regular and cnrremt conduct of its buxi-
ness, accounts receivable or other liquid assets
or stocks, bends or othes securities owned BY il.
During the life Of these Notes, the Company
will not increase the amount invested In
fixed assets tas OF May IS, nczx) by suQre
than $50 of the face amount OF these
Notice except Erom future earnings or the
tnture issue of preferred or common stock.
and Will maintain total current assets at least
equal to the amount Of it's total Indebtedness.
Including these Notes then outstanding.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
''oodyear Plan Filed
4s'e s., of Incorporate Are
rIled in CnIurnhus

|ssss;saaa BuS, Ohio, May l2.-~The re-
sannssaa Goodyear Tire and Rubber
ss!stIss. OF Akron, to-day filed
sscssfss = incorporation with the Ohio
sry Of State.
49, 81 81 ieias provide for s140,01a000
isssss sd capital stock and 1906, 900
= aonrpar common stock. In
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
Bank of England Statement

The proportion Of the banks reserve
to liability this week is 14.o5 per cent;
last week it was 1927. Rate CT dis
count, II per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13

Date. Company p. Cent
May 12---Am srneit & Ref Co. pf... TX
May l4-Assoc Dry Goods Corp, LIST pf. / Il
May L. do I'd pr. Observation-Disclosures, Ia
May I4--Deere e. Co, pf.,....... ~
May i4--Pittshurgh Steel CO. pr. Is.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
German Bank Statement

BERLIN, May 12--The Reichsbank
statement for the week ended May T
hows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
Bank of France Statement

PARIS, May 12.--The weekly state
ment of the Bank of France shows the
following changes, in francs:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13

Ee
These Notes are the direct obligations
Of Kelly-Springheid Tire Company and
constitute its only funded debt.
The proceeds of this Issue viii be used
for the funding OF its floating indebtedness
and to furnish additional capital.
The Company's outstanding capital
stock at current market quotations repre-
sent an equity of over SEQ, ooo, 900 ranking
iunior TO this issue.
Net profits for the four years ended
December 81, xo2o, after depreciation, and
available for interest and Federal T axes
as certified by Messrs. Touche, Niven
q CO., Public Accountants, averaged
sa26o,ooo per annum, or over four times
the maximum interest charge Of $500, 600
under this issue.
These Notes viii be ISSUED under
Trust Agreement which will provide in
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
German internal Bonds
Quoted in dollara ner loco mar,
Stocks Eek Dividend

aUniisted. 4sslls oents per share.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13

Fylh 4dpenas OGes
57th St. g Fifth Ave.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-13
Federal Reserve Banks

WASHINGTON May 12Th condition of the twelve Federal Reserve
banks q the business May follows
The log cabin Democrat., 1921-02-21

well, state bank commissioner, Little Rock; George B. Cox, Farmers & Merchants Bank, Malvern; Opie Hartje, Bank of Conway, Conway; ". D. Hill, Faulkner County Bank x Trust Company, Conway; Robert k. Wait, secretary Arkansas Bankers Association, Little Rock; J. c. Walk CT, National Bank of Commerce, St. Louis; T. S. Robinson, Continental X Commercial Bank, Chicago; s. l.. Jones, Guaranty Trust Company, New York; J. V. Colbs, National City Con- pany. New York; V C. Petite, Eng land National Bank, Little Rock; W. s. Cazort, Conway; J. c. Conway, Southern Trust Company, Little Rock; Guy C. Philips, Mississippi Val ley National Bank, St. Louis; William R. James, Faulkner County Bank & Trust Company; John D. Perry, Chemical National Bank, New York; w. D. Cole and B. L. Harton, Faulk- her County Bank X Trust Company, Conway; Tom Davis, Bank of Con way; L. T. Rainwater, Rainwater Bank < Trust Company Morrilton; E. C. Adams, federal reserve bank of St. Louis
The log cabin Democrat., 1921-02-21

w. F. Whiddon. Plaintiff
 Ciely Williams. John Logan, Ivy Logan, Jr.,
 Tommy Logan. Ethel billiard, Henry Logan,
 Susie Goode. Celia Brown. Willie Wesley.
 Jennie May Logan. Opheia Logan, Clarence
 Connolly, Essie Connolly, Eunice Connolly,
 Clarence Walker, Cleo Walker, Arnell Walker
 and J. A. Mode, Defendants
 Notice is hereby given that there has been filed in my office as Clerk of the Faulkner Chan cery Court, petition for the confirmation of the Court, petition for the confirmation of the title to the East Half of the Southwest Quarter of Section Twenty (20). in Township Eight tS) North of the Base Line, in Range Thir- teen 13) West of the Fifth Principal Meri- dian, containing Eighty (80) Acres, more or less and the Fractional Southwest Quarter of the Southwest Quarter of Section Twenty (2O), in Township Eight (8) North of the Base Line in Range Thirteen G3) West of the Fifth Principal Meridian. more particularly described as follows, to-wit: Commencing at the Southwest Corner of the Southeast Quarter of the Southwest uarter of said Section Twenty (20), and running thence North Twenty (20) chains; thence running West Twenty t2o) chains; thence running South Two t2) chains and Fifty (50) links to the north bank of the North Cadron Creek thence running down the creek with the meanderinps thereof as follows: thence running North 81 degrees East Five t5) chains; thence running North 7715 degrees East Four (4) chains and Fifty (50) links; thence running South 42 de- Prees East Three (3) chains thence running South p degrees East Twelve CPD chains and Fifty (50) links; thence running South 42 degrees West Six (6) chains; thence running East Five (5) chains to the point of begin ming. containing Ten (l0) Acres. or less. all in Section Twenty (20) in Township Eight (8) North of the Base Line. in Range Thirteen G3) West of the Fifth Principal Meridian, containing in the aggregate Ninety t9o) Acres, more or less, in Faulkner County. Arkansas and the ouietiry of the title to the same in W. F. Whiddon. petitioner therein The defendants, Ciey Williams. John Logan. Ivy Logan, Jr.. Tommy Logan. Ethel Dillard Henry Logan. Susie Goode, Celia Brown. Willie Wesley, Jennie May Logan, Ophelia Logan, Clarence Comedy. Esse Connolly, Eunice Connolly Clarence Walker Cleo Walker, Ar nell Walker and J. A. Mode and any and all other persons claiming said lands any in | terest therein hereby warned to appear in the Faulkner Chancery Court the 28th day | of March. 1921. and show cause why said title to said lands should not be confirmed in said w. F. Whiddon, and the mortgage. decrees. and other court proceedings corrected and re- formed.
 Witness my hand Clerk of the Faulkner Chancery Court and the seal thereon on this 6th day of January. 1921.
 tSeaD W. F. WHIDDON. 22w6t Chancery Clerk. George F. Hartje, Solicitor for Plaintiff. .,
The log cabin Democrat., 1921-02-21
Here are a few of them:

Here are a few of them:
 Substitutes for railroad crossties.
 Socialistic activities in the Federal Trade Commission.
 Alleged chemical treatment of foods.
 Garden, city and suburb movement in Europe.
 Feasibility of using saccharin as substitute for sugar. Suspension of a Washington school teacher.
 Discrimination against individual hackmen in District of Columbia.
 The troubles bothering the Ameri- can people are reflected to consider able extent by the number and nature of proposed investigations. Thus, the high cost of living is covered by at least a dozen different resolutions, touching upon every imaginable phase of that problem. The same is true of coal prices, ex-service men, the hous- ing situation and Mexico. Congress also is concerned with:
 The detention of Dr. William T. Ellis in Cairo.
 A British embargo on the sailing of an Argentina steamship. Acceptance of gifts by the presi- dent.
 Incompetence and loss of prestige in the war.
 Whether Henry Ford benefited from the improvement of River Rouge, Mich.
 The price of mems collars.
 Income-taX lodging.
 Some of the resolutions are never even voted on. Sometimes, the inves- tigations are approved, but never started Sometimes, they start but are never concluded. Again, there are investigations which have been com- pleted, but the result hasn't been an nounced
 It's difficult to figure the cost of these inquiries because no two are conducted in the same way. The cost will depend on the length of the in- vestigation. In some instances, coun- sel is employed and must be paid. And then there is the expense of stenography and printing. Frequent ly, travelling and other expenses for witnesses must be paid