davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-10-16
Market view. Uncertain.

In the absence OF Unexpectedly favor
able developments In connection with
railway funding, taxation or other major
Issues. values Of stocks seem likely to
continue uncertain for the immediate
future."--Henry Clews & Co. I'VE are
Of the opinion that much higher levels
will obtain before long."-Morris &
Smith. big interests are still In con-
troll Of the market and will remain so
until we run into days of large transac-
tioi :. when they can distribute some Of
their holdings. The market Is now ex-
periencing another period OF bearish in
terruption, which is not expected TO con-
tinue any length of time. w. L. Hut
ton Co. "The action Of the market
during the week has borne out the Views
expressed by us last Saturday and we
see no reason to change our opinion that
the trend Is still downward."-Prince &
Whitley. THE market is likely TO be a
trading affair for some time. offering
plenty OF opportunities for those who
watch the technical position closely and
keep their eyes open for developments in
regard to special issues. w. w. Cohen
& Co. 1--WE look for continuance of
the Improvement In business and mone-
tary conditions and believe this an OPP
perfume time to accumulate good bonds
and preferred stocks for Investment
A. j. johnson & Co. The market at
the present time can only be looked upon
as an interesting development and not
as guide In any sense to the futurc."--
J. S. Bache & Co.
The New York herald., 1921-10-16
FINANCIAL NEWS
AND COMMENT
Rail Stocks Weak-Oil Issues
Better-Sterling Up and
Marks Lower.

Stocks were much under the tnduencs
Of the threatening railroad osa<aook yes-
terday. rs It was clear IN the news from
Chicago that the ran managers were
aiming at q reduction of wages as the
lever to pry freight rates down. Such
action was not unexpected in financial
quarters, yet Il was disturbing. nevsr-
theless. to fnd that the railroad unions
were fully az aggressive as the execu-
tives OF the lines IN their effort to COM
bat any further encroachment on tho
wage schedules. But II appeared toward
the end Of the market session that the
Street was taking heart from dispatches
which stated that the Administration
was comforting with tho Interstate Com
merce Commission and the y. 8. Rail-
road Labor Board. presumably on
measures to head OF strikes. Rail
shares recovered partially after record
ing early declines Of large fractions "a
more than Q points. At that. Great
Northern preferred, Northern Pacific.
Chicago and Northwestern ana many
others were weak at the close.
Although tho railroad group tended
to undermine Industrial stocks. there
was no general retreat ana oil stocks
snapped back with ease once pressure
was removed Taking the list 40
whole. gains and losses were pretty
evenly divided The stock market di.
vided interest with tho foreign ex-
changes. The upturn Of stsrlins gath.
cred more vim than had been aeon n
earlier days Of the week. . rate Of
s3.9oA being tho highest since Juno /
and showing gain Of az cents. com
pared with It's final quotation on Friday.
II was not that movement however.
which attracted the most attention. as
German exchange slumped to new low
point Of 0.s6h Of q cent on sales which
originated mainly In European centres
The continued fall Of tho mark. although
explainable through the constant ex-
pansion OF Reichsbank notes. raises the
question whether selling pressure has
been aggravated by operations In quar-
ters interested IN the Silesian situation
which goes to tho League Of Nations
soon.
The New York Clearing House bank
report reflected the heavy Government
operations incident to the retirement Of
United States Treasury certificates Of
indebtedness and the payment Of Lib
erty bond interest The report Of ac-
tual conditions showed rise of $s3. $780,
900 In demand deposits and an expan-
sion Of s21.s15.0oo in reserve credits
at the reserve bank. Loans increased
s4.S00.000. As the shifting Of funds
has been mostly a matter Of bookkeep-
ing between member banks and the re-
serve institution. Il Is expected that tho
bank position will show no really i'm
portant changes next week. Tho action
of call money on Friday. easing to s
per cent. indicated an expansion Of
loanable funds which. to degree, may
be temporary. but tho outlook is for
fairly easy rates while the balance of
the crops II being marketed.
The New York herald., 1921-10-16
Lis, Dull and Rather weak.

Although many issues advanced yes
terday as the result of trading in the
short session. the greater part of the net
changes among the active ones was on
the side Of the declines. Dulness was
the main feature. and what selling was
done was actuated for the most part by
fear on the part Of traders that the
threatened railroad strike might have
bad effect on the stock market. The
business In commission houses was al
most at q standstill. and II was only in
those issues In which pools had been
operating for the last three or four
weeks that any sembance OF real ac--
tivity was seen. A significant factor
concerning the present market accord
Ing to reports received In a commission
house. Is the hesitation on the part OF
traders to sell the market short on the
possibility Of a railroad strike. That has
oeen their usual method Of operation,
II was said. but on that occasion most
Of them pulled out Of the market en-
tirely and sat back to await develop
ments without committing themselves
to one side or the other.
The New York herald., 1921-10-16
Lee Tire Business Better.

The sales of the Lee Tire and Rubber
Company are slightly ahead of year
ago In actual money value. according 70
figures compiled by banking interests
connected with the company. and in the
number OF units disposed of are 80 per
cent. better. The companys list OF deal
ers In the last year has increased nearly
30 per cent. On August 81 the COM
pany's balance sheet showed quick as
sets of more thin $4,000, 900. against
which were current liabilities OF approx
imately s800.000. 1t has no bank loans
The New York herald., 1921-10-16
Holdings Make New Record.

Gold holdings OF the United States es-
'ablished a new high record for all time
on October I at s3.453, ,0OS.914. an In
"rease OF s75.5s0.934 In September. $685.
f74.487 since the 1rst Of the year and
e7+8.S36.410 as compared with those of
October l, 1920. The average monthly
rate Of Increase In 1921 has been $74.-
24l,606 The foreign trade statement Of
'he United States for September showed
imports Of gold as 5.23S. exports
of gold as $2.44s.74i and excess i'm
ports Of gold as $64.o66.492. which is
st0.000.000 less than the gain In gold
stock during the month as reported by
he United States Treasury
The New York herald., 1921-10-16

days, s: Liberty bonds ana Victory notes.
IS days. o; 10 90 90 10 dsys' o. bankers
sFixed September 81. Previous rate. th.
fixed July 21.
OPEN MARKET RATES.
Call loans on acceptances. 6M
discount rates on prime bankers accept
ances eligible for purchase by Federal Re-
serve Banks.
Bid. Ask. Bid. Ask.
20 days. AZ ~ 90 days.... ~ ~
co days.. ~ ~ f20 days.... ~ ~
CLEARING HOUSE sTArEnENT.
Clearing House exchange. sTp+,soo. 900:
baia nces &S3 pO0. 900: Federal Reserve credit
balances, 356.700.o00.
SILVER MARKEf.
o,ne,.l bar silver In New York. domestic.
poc' an ounce. unchanged; foreign. Toc.. up
Nc.. London. 42nd.. unchanged Mexican DOL
lars, b6hc., up No.
The range Of silver prices this yeari
Highest. Lowest.
Iondou ...... lssSd. Sept. - 90xd Mar. 8
New York;. 7tMc. Sept. n $50 Mar.
The New York herald., 1921-10-16
United state. Food Products.

Bankers connected with the United
states Food Products Corporation lnti-
mated yesterday that an official statement
concerning the arrangements made to
provide the company with needed funds
and for the extension of its bank loans
night be expected at any moment It is
Understood that the final arrangements
are substantially as outlined here con-
siderable time ago The extension OF
the s4.500.000 over fairly long period
is said to be the basis of the plan. with
provisions for furnishing additional cash.
which is estimated to be about $780,
900. making the total needs OF the mo-
ment 5000 900
The New York herald., 1921-10-16
s. o. OF CALIFORNIA IN DEAL.
To Get Interest In Colon bian
Holding Of Transcontinental.

Negotiations between the Standard OIL
Company Of California and the Trans
continental OIL Company. whereby the
former will take over q 81 per cent.
interest as well as the MANAGEMENT of
large part Of the Colombian holdings
Of the Transcontinenta company and its
subsidiaries. the Mid-Colombian OIL and
the Arkansas Natural Gas companies
are on and nearing completion. The
Standard company has advanced $780,
900 to the Transcontinental company
and the balance of total payment Of
$4.000.000 is awaiting only confirmation
Of the titles according to information
obtained yesterday.
Under the plan. a. explained ysster-
day. the Standard company interests are
to pay S2,000.000 in cash and purcha %
at par $4,000. 900 Of notes Of tho Trans-
continental company. IN return for which
II is to get . 81 per cent interest In the
property az we'll as IN It's management
The property included In the plan is
estimated to exceed 1000. 900 acres and
the remaining - per cent will remain
with the Transcontinental and Arkansas
companies. Only a part Of the Mid
Colombian property. not including the
acreage on which a we'll is being drilled,
is affected by the deal.
The New York herald., 1921-10-16
transportation shares sold.

Heavy sales OF the railroad stocks
continued yesterday the downward
movement In that group which started
Friday afternoon. The selling was at
tributed to fears OF nationwide walk
out or q series Of regional strikes In
protest against the wage reduction
deemed necessary for a downward re-
vision OF freight rates Great Northern
and Northern Pacific led the decline,
closing the short session with net losses
of ~ points each. Pere Marquette
preferred went down to Al ". off %
points from the preceding day. The
sunmoning Of the public members Of tn
United States Railroad Labor Board u
washington for conference with Pres
dent Harding and the Interstate Com
merce Commission was construed as az
important ster toward promptness and
coordination In the settlement OF the
question Of railroad rates and wages.
The New York herald., 1921-10-16

West Baden. Ind. ]. J. Mclean man.
ager; e. Lowitz & Co, new, Toledo.
Ohio. Ben c. Homer. manager; J. M.
Byrne q Co.. Deal. N. J.. discontinued
H. Content & Co.. West End. N. j., dis
continued; Jerome J. Danzig q Co.
West End. N. j.. discontinued: Arthur
Upper & Co., West End. N. J., discon-
tinued. and r.. 8. Moseley q Co.. San
Francisco. CAL. discontinued.
The New York herald., 1921-10-16
LONDON MARKET.

LONDON, Oct iS.--Finai quotations To-
day follow:
Bar silver, 42ihd. an ounce.
Bar gold. 1865. Sd.
Money. IN per cent
Discount rates: Short bills. 81 per
cent. three month bills. 4 per cent.
The New York herald., 1921-10-16
NEW HIGHWAY OFFERTNO.

c. w. Mcr1ear \ Co. Of New York and
Chicago are Offering 100000 of Grain
ger county. Tenn, 8 per cent. highway
bonds, due seriaIiy on June 1. 1881, June
1. 1sl1, and June 1, 1851. inclusive at
price to yield 9 per cent They are
exempt from Federal income taxes and
payable from unlimited sd valorsm taxes
levied against all the taxable property
In the county.
The New York herald., 1921-10-16
j. O. Penney sales.

The corrected report Of the September
sales of the ]. c. Penney Company shows
an aggregate of $4.263.20o in contrast
to $+.s73.1aa In September, 1920. In
the first three-quarters of this year It's
sales totalied S3l.4s7.603 In contrast to
s27.2oe.7os in the corresponding 1920
period.
The New York herald., 1921-10-16
Few Addresses.

o. n. 0runer. at Taller & Robinson.
90 Broadway; q. ". Hoffman. at
Charles E. Quincy & Co.. IL Wall
street; Charles H Quincy. at Charles
q. Quincey & Co.. IL Wall street, and
street.
The New York herald., 1921-10-16
Proposed Changes in Firms.

Davies, Thomas Co. to retire on
November 1. special. Charles c. Crook.
and to be admitted on November I, lr-
wing Brown, and L. F. Rothschild Co..
to retire on October 81 H d. Langhaar
and to be admitted November 1. Il. Gary
Spencer
The New York herald., 1921-10-16
American woolen'. Operations.

The American Woolen Company is at
the present time operating more machin-
cry than ever before In the corporations
history. according to Boston advices re-
ceived here yesterday. quoting william
NJ. Wood. president. Just now 96 per
cent Of the company's total loomage is
busy. and. although there have been
times when various plants have been
operating at 100 per cent. of capacity,
never before has the average of all
plants been as high as at present
The New York herald., 1921-10-16
Branch ON ces.

Brumley. Chamberlin & Co. new.
Lakewood. N. j.; Laurel House, Fl b.
Lubkert, manager; Childs. Kay q
Woods, new. Johnstown, Pa, H. lie Roy
Replogie manager; Arthur Upper q Co.,
new, Asbury Park. N. j., Charles NJ.
Bragg, manager; Logan q Bryan. new,
The New York herald., 1921-10-16
C.,r.ctaon Nevv Partnership.

Alden a Durant. June 1, 1921. Spring
field, Mass. James e. Alden, Charles
c. Durant; special, Bernard II. Matthies
and special, Clayton 8. Boies.
The New York herald., 1921-10-16
Change In Firms.

Smith, Andrews q Marston, effective
on October 10. c. Prentiss Andrews. re-
tired. Taller q Robinson, effective on
October 10. o. II. Gruner. retired.
The New York herald., 1921-10-16
STOCK EXCHANGE NEWS.

Membership Transferred.
James r. Travers. deceased. TO Clar-
ence H. Hensel. at Moore. Leonard &
Lynch, Ill Broadway.
The New York herald., 1921-10-16
Japan Renews French Loan.

According to private cables from
Peris Japan has renewed. on advan-
tageous terms. her loan from French
banking interests. due on Noven' her is.
The amount Of the loan was $4,000. 900
yen. normally s24.910.000. or currently
S23,875.000
The New York herald., 1921-10-16
Gold Holdin<. Make New Record.

On no great volume OF business marks
sold yesterday to a new low record at
66h hundredths Of cent. In fact the
largest part Of the decline was due to
foreign operations and the selling may
not have come from Berlin at all. De-
spite pronounced weakness in marks, the
rest o. the list was lrm to strong. Ster-
ling got above SO. 80 at one time. Francs
and lire also gained
The New York herald., 1921-10-16
UNITED STATES TREASURY STATEMENT.
INV YoHx HrsALp.

ssscs'
New !
D.
The New York herald., 1921-10-16
TOPICS OF WALL STREET.
Cuha Cane Deposats.

The bankers reported al the close Of
business. when the time for
deposits Of Cuba Cane Sugar Corpora
ton z per cent. debentures expired. that
the total amount of them deposited was
something over $4,000. .000." In other
words. more than so per cent OF the
holders of the outstanding $25.000,00o
In the debentures had consented to sub
ordinate their holdings to a new $10.-
000.0 900 issue In return for an advance
in the annual coupon from per cent
to per cent The lenders are said to
have stipulated that consents must be
obtained from at least 65 per cent. OF
the outstanding debentures. and that
stipulation has not been met. The
-, niect v'ill be taken up at con-
ference to be held tomorrow. What
the results will be cannot be forecast.
but II Is possible that the lenders Will
accept the 60 per cent. as satisfactory
minimum and then go ahead with the
now S10.o00.00o ISSUE
The New York herald., 1921-10-16
DIVIDENDS.

Stock Of
Record. Pay yabie
Morris Plan 20, q, 15c. Oct. 26 Nov.
The New York herald., 1921-10-16
NEW YORK STOCK EXCHANGE QUOTATIONS.
aATURDA ocroR II

1881.
Year "a date 1s0,sS2ssO
The New York herald., 1921-10-16

New York funds In Mons -esi. te5.31 pro-
mum per 81 900: Montreal funds In New
fork. ts7.07 discount per $1,000.
The New York herald., 1921-10-16

tin scrip Part stock elm stock Part
10 recorded
emadea thrice outs
The Prince George's enquirer and southern Maryland advertiser., 1921-12-30
Life'S New Year

no way surprising. Yet the obligation
IS the same in both cases, for in both
it is a question of being loyal to duty
sensitive to the promptings of what
Is best in human nature. If time is
short the wise thing is, not, as the Ro-
man poet suggested, to use it -reck.
lessly and to the utmost in mere en-
joyment, but to build it into the fu-
ture self which is being realized with
the passage of each day. Life thus
eternal possession, something of which
man cannot be deprived. And that,
of course, is the moral Of New Years
day. 1t is an old moral, and yet ever
new-new every morning. Indeed,
practically the whole O. religion, as
applied to daily life, is summed up
in it. For religion, even more than
culture, is "the study of perfection, ="
and it speaks of, and was meant to
further, the progress from imperfec-
tion to perfection.
He who has been made perfect in
short time" has, as has been seen,
fulfilled a long time" "And an un-
spotted life IS old age" On the other
hand, the man who dies in wickedness
dies in his youth even though he live
far beyond the scriptural term. Time,
therefore, has very little to do With
| the fundamental things of life.
The Prince George's enquirer and southern Maryland advertiser., 1921-12-30
Old Year and New

and, with the added experience of
years live portion of our lives again.
Every high-minded person would do
differently if he was given the last
ten or twenty years to live over. But
why think over the past? Why nurse
the unfortunate in your bosom?
You cannot go back if you would; ;
if you are sensible you would not If
you could. To brood over life's I'M
forgotten past only doubles the pres
ent load, makes one more morose and
grabbed, and deepens the burrows in
ones brow. Wipe off the slate. Box
I'D all omissions, all shallow mis-
cries." all mistakes, all the troubles
that never happened-and bury them.
Then about face! Head erect, chest
out shoulders back, and-forward
march, Look every person squarely
in the eye, make no apology for yester-
day, for tomorrow is before you. The
new year is yours. The world lies at
your very feet.
This is not a message simply for
youth, because no person Is exempt
from moral obligations. There is no
age limit in life's battle. When we
are through with the world the world
is through with us. Too many per-
sons consider it fashionable to ire
tire" at a certain age, and that age
is getting constantly lower.
If one has not found Iife's place be-
fore forty, the more the reason for
his doubling his efforts after forty.
A man should not consider withdraw
ing from life's toll at fifty, and enc
should not think himself old at sixty.
Gladstone was doing the best work
Of his life at eighty-five, and at eighty
seven toured England on speech
making trip in behalf of Armenia.
Little streams often dry up in the
! desert, but great rivers run full
strength to the sea, and turn the
wheels of commerce before they finally
plunge into the ocean. Small lives are
easily discouraged, but every great
! life is rooted in the past, blossoms to-
/ day and bears fruit tomorrow.
The great life is ahead, because we
| have the blessed results of yester-
days experience The future is full
! of promise. Americas greatest his
! tory is yet to be written. The best
| days are yet to come. 1921 was far
better than 1920; 1922 will be better
than 1921, if we will make it so. We
shall find this a very good old world,
if we are willing to do our part.
Success consists not in never fall
ing, but in rising every time we fall"
Nathan Howard Gist in Grit.
The Prince George's enquirer and southern Maryland advertiser., 1921-12-30
I AM RESOLVED.

That down through the days of the COM
ing year
To add just a bit to my fellows cheer,
To brighten some path ere the months are
spent,
To tighten a load for back that's bent,
Or hapIy by word or token or deed
Give courage and strength to soul in
need.
I'll count it worth while If only | may
Hold tiny light Ger gloomy way.
'Twould be fine to stand midst the surg
ing throng
And out of ones heart pour wondrous
That would move the world to nobler
plane
And tighten the hearts that are filed
with pain,
That would thrall mankind by its lyric
sweet
And lead men nearer the Savior's feet
Yet twill be worth while If few may
say
I've helped a little to brighten their
way.
Il. w. S. in Michigan Farmer,
The Prince George's enquirer and southern Maryland advertiser., 1921-12-30

save half of it. If I only get one
penny at q time l will save the first
penny / get and the second one will
be for myself"
"What are you going to save for,
Nancy?" asked Nick. 'Do you expect
to be a penny millionaire?"
"What is that?' asked Nancy.
81 thought perhaps you were try
ing to save a million pennies Instead
of a million dollars so you would be
a millionaire of pennies.~
Nancy and daddy laughed. But Nick
said;
"Go on, Sis, l want to hear"
"I'm going to put my pennies in
bank and when the summer comes I'm
going to give them to some farm for
city children. Daddy gave to one
last year for both Of US. But I'm
going to try to do my own share this
wear. We have a country home but
there are lots Of children in the city
who can't have the country unless
someone helps to pay their expenses
"Great !" said Nick. That's the right
idea, Well, my resolutions don't sound
so fine beside yours. But here Is one ::
I've been tlSnking that sometimes
there are children In the hospital here,
and that it would be nice if once n
week we went to see them and showed
them our story books, and took them
some of our toys, played games with
them-quier games like Jack Straws.
In the springtime we could take any
sick children we knew Of some
flowers, for it must be awfully hard to
be sick In the spring. And at Easter
time we could take them chocolate
bunnies!
"I've planned to save some Of my
pennies for the bunnies and sometimes
for an extra treat we might take the
sick children. And I've also made n
resolution to never tease anyone or
anything smaller than myself, for
that's mean.'
Daddy smiled and said, "Two reso-
lutions to be kept are better than
dozens of them forgotten the day after
New Years"
The Prince George's enquirer and southern Maryland advertiser., 1921-12-30
MOLASSES FOAM.

This is the very cheapest candy.
Boil equal parts (say, one -each)
of sugar and good molasses together
until the mixture becomes brittle when
tested in ice water, and then put into
this (frst) lemon tiavoring Gust a
few drops) and level teaspoonful OF
carbonate of soda-old-faShioned bak-
ing soda. Stir very briskly and be
prepared, for the candy foams up
over twice the quantity it was before
the soda was added, hence the neCes-
sitv for making it in big pan and of
having your buttered tins at hand t"
pour it in instantly when II is
thoroughly "risen." This candy must
never be exposed to sudden cold while
cooling.
The Prince George's enquirer and southern Maryland advertiser., 1921-12-30
New Years Gifts

he would choose a mate do not want
him. He finds that all the wealth of
the Indies cannot purchase that which
is God-given-lOve.
Money cannot buy such loyalty as
exists between son and sire; between
mother and daughter. A rich man
might secure the hand of a woman
young and beautiful in marriage, but
if her heart has not gone with it, he
soon finds wealth, with all its glitter,
which can buy many comforts, cannot
purchase love. Nor can it buy happi-
ness and contentment or prolOng life
one moment longer than destiny de-
creeS.
If health was favor which only the rich
could buy,
The rich would live. The poor would die.
The miser who was caught in his
own trap by the spring door swinging
to and locking itself behind him,
found that all his gold was but dross
to him and set him free. The mil
lionaire, going down in a sinking
ship, finds that the life of a strug
Cling sailor is fully as precious as his
own when both are fighting for a
The Prince George's enquirer and southern Maryland advertiser., 1921-12-30
INHERITED FROM TEUTONs.

The boisterous conyivialities which
formerly prevailed at New Years are
said to have had their origin in the
Scandinavian and TeutOnie tribes
in honor of certain gods. One famous
Teuton hero is reported to have pro
vided the most extravagant orgies.
His guests ate bacon and drank beer
and mead in vast quantities, and the
diet does not appear to have disa.
greed with them. Mead was of IN
certain composition. but was most
likely thick, sweet, Intoxicating bev.
erage, resembling in consistency the
vines Of ancient Greece,