davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-09-22
Stocks Close
Lower After
Early Rise
Fluctuations Are Dominated
by Leading Professionals;
Rail Shares Are Higher
Despite Labor Outlook

Fluctuations In the stock market yes
terday were 80 obviously the result of
maneuvering by large speculative figures
that they are without broad economic
significance. Brokerage Offices were re-
plete with gossip about shifts in posi-
tion by professional traders and the
names Of several conspicuous leaders
were freely used.
After several days. setback traders
played for a rebound yesterday and
prices moved upward until noon, when
the equilibrium of quotations was up
set by sharp decline in Mexican
Petroleum shares. AS result the gen
eral list lost early gains and The Trib-
une's average of thirty representative
industrial stocks closed at 66.20. COM
pared with $3.50 the previous day.
Railroad shares, on the contrary, de-
spite warlike talk emerging from cer-
tain labor quarters, were more eagerly
bought, and closed. higher. Sentiment
respecting them was improved by the
publication of the August earnings of
Union Pacific Railroad, which showed an
increase in net income of 212 per cent,
compared with August, 1920, and loss
Of only sc per cent in gross. The ex-
cellent showing is attributable, in ad-
dition to we'll known economies, to the
fact that the peak Of the grain carry
ing period in Union Pacific territory
has already passed. The management,
In view Of the unusually early move
ment, expects grain transportation on
its lines in future weeks to be depend
ent on the firmness Of grain quotations.
AS the broad movement in bonds con-
tinued, with prices slightly firmer, two
significant indices Of the trend of
money rates were revealed, In the first
place, the Federal Reserve Bank of
New York for the first time this year
reduced rediscount rates, bringing the
rates down from 5h to per cent
Earlier in the year the rate had been
as high as per cent on commercial
paper.
By its action, the Reserve bank again
oSArSo AOeACc On CIlo UuSiucSS COM
munity that the campaign for defation
has attained it's objectives. 1t may be
interpreted as another invitation to the
business world to draw on the banks
for credit in moderate amounts for the
financing Of new essential activities,
which will loosen up the world of trade
and curtail unemployment.
Secondly, banking group will offer
to the public to-day choice equipment
trust certificates on lower yield basis
than at any time since the government
took over the railroads. The yield will
vary from SIS to $50. The market has
been recently between and 6A per
cent. To-day's offering will be test
Of the market and at least indicates
that leading investment bankers per-
ceive the trend of money rates as NOV
ing rapidly downward.
The foreign exchanges were steady
yesterday. Cotton prices fuctuated
over a wide arc and closed 81 to so |
points higher. Wheat quotations at the
close were 81 to 3A cents lower.
New-York tribune., 1921-09-22
Germans Want Higher Wages

The agitation for higher wages on
account of the increased cost Of living
and the heavier taxation expected in
the autumn is spreading throughout
Germany. Hitherto" says sThe Iron
monger." of London, 'sthe agitation.
which is not confined solely to the
workers, but extends to the salaried
classes as well, has been conducted on
constitutional lines. and serious disturb
ances will probably be avoided. In the
first place, the leaders of the four chief
trade union organizations of the miners
have warned the men not to be drawn
into anything like revolutionary out
break; and, secondly, although the Ger
man Metalworkers' Trade Union, the
strongest trade union in the country.
has. by large majority, refused to
ratify a compromise agreed upon BY the
undertaken to carry on pending furthes
negotiations" ss'SA
New-York tribune., 1921-09-22
Statements ON Loans Now
Required Once a Week

New York Stock Exchange firms from
now on will be required to supply but
once week statements setting forth
the amount of money borrowed by
them on time and on call. Heretofore,
under the. regulations put into effect
in September, 1918, as a war measure
to prevent the flow of too large a vol
ume of funds into stock market specu-
lation, exchange firms have been re-
quired to submit daily statements of
their borrowings to the committee on
business conduct.
Under the new arrangement an
nounced Yesterday in letter sent to
All Stock Exchange members by E. v.
D. Cox, secretary, duplicate statements
showing the loan position at the close
or business each Wednesday, must be
dehvered to the secretary's office at,
lOWinr tfav
New-York tribune., 1921-09-22
Cotton Again Adyancea

Despite Tuesdays weak closing cot
ton prices advanced sharply yesterday,
and at one time averaged about half q
cent higher, with most contracts SELL
ing around the 20-cent level. Advo-
Gates Of higher prices insist that there
more than 100000 bales at the end of
the season, July 81, 1922. This figure
is obtained by estimating net carry
over Of the 1920 crop at 100000 bales
and adding it to the present crop esti-
mate Of 100000. It is said the pro-
spective spinners' takings will amount
to between 100000 and $4,000
bales. But this does not take into ac-
count the fact that consumers will
probably not buy cotton goods if the
price is advanced too sharply. job
bers insist that 20-cent cotton will
put goods so high that it will stif1e de-
mand in the retail trade.
New-York tribune., 1921-09-22
Cuba Cane Financing

It was reported yesterday that cir
cular will be sent to Cuba Cane
Sugar Corporation security holders
within few days containing an offer
of higher security rate to bondhold-
ers as consideration for certain con-
sessions css on their heir part that will f further
ter, it was said, is now practically
completed and will provide $4,000, 900
new money. Cuba Cane per cent
convertible debentures were strong
yesterday, advancing nearly points.
New-York tribune., 1921-09-22
Riots Follow Closing
OF Vienna Exchangl

VIENNA, Sept. 21.-Serious disorder,
occurred here following the closing :. J.
the Boerse yesterday. Many rusa11'
were made upon entrances to the 0uI,s,
ing, but these were checked by ".
police. The crowds then wrecked snep'
of several money changers in the VICE,
ity, while a few men suspected !.
speculating in foreign exchange wei
dragged from their automobiles s's
beaten.
Impromptu mass meetings We SsSs
harangued by speakers, who declaas,s
the Boerse would be closed permsnehs
iy if profiteering in foreign excnSnss
values did not cease. Telegrapners 80 -
refusing to transmit messages reiaaa'
to financial transactions.
New-York tribune., 1921-09-22
American Beet Sugar

The American Beet Sugar Company,
according to an announcement yester-
day, is planning. to start it's factories
at Rocky Ford, Col, and Grand
Island, Neb., this week. The Oxnard
plant in California. it was said. has
been slicing beets for the last six or
seven weeks. Oxnard and Rocky Ford
are the company's largest producers.
In the 1920-'21 season they turned out,
respectively, 813,412 bags and 429, ,795
bags. This compared with the total
production for that year of 1,461, ,79o
bags.
New-York tribune., 1921-09-22
American International

Reports from Boston yesterday that
the American international Corpora
tion since the first of the year has dis
posed of at least $4,000 Of the 35,20O
shares of United Fruit, the ownership
of which it officially reported at the be-
ginning of the year, seemed to have all
the earmarks of truth. 1t was evident
during the early months of the year
that important holdings of Fruit were
coming on the market. Strictly speak
ing. a. I. c. did not have 35, 200. shares
of United Fruit, as this fgure cludes
the 100 per cent stock dividend paid bv
the company in the middle Of January.
The supposition is that the company
iiquidated the stock dividend some time
between January and April.
New-York tribune., 1921-09-22
In Wall Street
Regular Northern Pacific Dividend

It was practically a foregone conclu-
sion several days ago when the Great
Northern directors voted to maintain
the present dividend rate that the
Northern Pacific board would take sim
liar action at its meeting yesterday.
So the announcement that the usual
quarterly distribution Of ~ per cent
had been declared occasioned ltttls sar-
prise, although it was only few
weeks ago that the Street talked of a
possible reduction in the rate. The
Northern Pacific, like the Great North
ern, will have to dip into it's surplus to
meet the coming payment on Noven-
ber /, but the management has great
confidence In the roads future earning
ability, and believes that a cohtinua-
tion of the present dividend rate is
justified.
New-York tribune., 1921-09-22
South American Developme ent


Considerable Importance was at
tached by Wall Street interests to the
announcement that the American In
tiations for constructing a railroad of
1913 miles connecting the Bolivian and
Argentine systems. The syndicate is
to purchase s7,o00,O00 per cent serial
bonds, the proceeds to be used in con-
struction work. Although it is proba-
bic that this sum will be insufficient to
complete the project, it is regarded as
a substantial start and is pleasing to
financial interests here for the reason
that Wall Street has waited long time
for favorable developments in South
America. American International Cor
poration stock responded with an ad-
vance of points.
New-York tribune., 1921-09-22
Cotton Rise Fails to Aid

Belief that the increased purchasing
power of the South resulting from the
advance in cotton prices would be re-
fected in increased demand for stocks
in that locality has failed to be borne
out by the facts. theoretically the
South's purchasing power has been in
creased tremendously, but so far no in
dication has been seen that the South
is in the market for stocks. In the
same way the West has failed to reflect
an increase in purchasing power.
New-York tribune., 1921-09-22
The Dollar in Foreign Exchange

Exchange rates worked slightly
higher in yesterdays trading, the mar
ket tone ruling firm most of the day.
French francs recovered strongly after
dropping below the seven-cent level
The close was at 7.09h for cables.
Cable rates on London gained three
quarters of cent at S3.72k. but Ger
man marks continued without support
and dropped to within a small fraction
of the recent low level at 90A100 of
New-York tribune., 1921-09-22
Cosden. & Co.

The action of Cosden shares while
directors were in session yesterday
suggested there was considerable TN
certainty regarding the future Of the
dividend action to be taken. Prior to
the meeting it was stated that some
members of the board were in favor Of
passing the quarterly distribution Of
621s cents, but this element was ap-
parently in the minority, as the regu-
lar payment was ordered Before she
meeting the stock sold down to 22R
but later rallied to 26M, although no
official announcement was made that
the regular dividend had been declared
until close on to o'clock. The net
gain for the market session was full
point,
New-York tribune., 1921-09-22
Ajax Rubber Rallies

The rally Of almost points in Ajax
Rubber yesterday was traced by most
market observers to a rumor heard
Monday that some sort Of arrangement
had been made for equipping the new
Durant cars with Ajax tires. This re-
port gained strength from the fact that
large part of the buying orders for
Ajax came from houses which Gus
tomarily handled business for Durant
interests. The stock sold as high as
24% before easing off "a when the
support was withdrawn.
New-York tribune., 1921-09-22
London Market Featureicse

LONDON, Sept. 2i. - Trading ~ ~
featureiess on the Stock Exchange ~, i
day. Bar gold was quoted at Tvs he H.,
money was loaned at 3A per cent. p.s =,
count rates were: Short bills. II;
cent; three-month bills, i-l0gs :
per cent:
Closing Qu2tations on stocks weIe.
New-York tribune., 1921-09-22
Dividends
America
Extra

American Shipbuilding Company-An ax-
IRA, IRA dividend Of az per cent has been
terIw r,ns IN sdditon to the regular quar-
mon mon and Y per cent on the preferred
stocn. s,. an payable November / to stock
holders OF record October Is.
New-York tribune., 1921-09-22
Bid and Asked

Following arc the closing bid and
asked quotations of stocks listed on the
Stock Exchange in which there xers
no transactions yesterday.
New-York tribune., 1921-09-22
Money and Credit

Call money, after renewing. at Az
per cent yesterday, advanced later in
the market session to 5'z per cent. AS
has been the custom in the past
country banks have withdrawn their
New York funds when they considered
the rate too low and this is believed
to have been one Of the reasons for
the smaller offerings yesterday.
Yester- Year
day. ago.
On industrial collateral. -. Az 7
On mixed collateral. ...... Az z
Time money (mixed collateraD:
Sixty S;nstv days Ssv. ;'........ 5% 5& s@s& s@s&
Four months .... 6 8@8h
Four to six months. 6 8@83a
Bank Clearings-Bank clearings at
New York yesterday were: Exchanges,
$631, 100000; balances, s56,60o,00o.
Silver-London, 40d; New York,
domestic bar, 99Ac; foreign, 69%c;
Mexican dollars, 501ac.
New-York tribune., 1921-09-22

ADV Rumely.. Y, 49,
do pr $50. 35K 40
All Am Cable. 100 10S
A c Dye pr. S615 81;
AL Chalm pr rs S0l
A Blk Note pr 46 so
Am Beet Sug 271a ~
do pr 49,. 531a 65
A B s & Fly. AZ 45
do pr $50. S. 92
Am Coal 80. "a -
A Cot Oil pr. 431a As
Am Express. ..lli ll6
Am La France 8 81
Am Loco pr. l03 l06
Am Malt & G 10 IS
Am Sm pr A 64 6Cl
Am Snuff. ..lo0A lOs
do pr ..... Il 81
Am st Fly pr. 50 81
A Sum T pr. 70 791
Am w Wks. sl2 4
do pr $50. ~ 21
Am VIII pr. o. O..
Am Wr Pa pr 2sh 90
A z & l. pr. 81 81
Art Metals. j.. II IL
Assets RI Co. lH :
Asso Dry G.. 80 e
do lst pr. :. 63h "a
do I'd pr. 90 ~
AT Bir & A. .
Atlantic iref. .S25 o I
do pr .....l06 IL
Atlas Tack =. l4x ~
Austin Nichols . ~
do pr 49,. 81 tl1
Auto Sules Co 21s ~
do pr go. s 10
Barnett Lea. IS IS
do pr 80. 10 SO
Barnsdall -. lG 2j
do B ...... l7h 10
Batopilas NJ. h q
Beth Steel pr 9Ols' eli
Bkn Edison :. 9i OF
Bkn Tn Gas. 65 6S
Brown Shoe. -. 40 AZ
do pr ...., SO1s
Brunswick -, 3 37,
Bun u & p. 81 e2
do pr 80. II
Bufr q Sus.. rs
do pr .... az
Burns Brs Dr.. 95 Tx
Bush Term. :. - 100
Cal Pet pr. ~ 74r
Cal & Ariz.. 4s AIN
Can Southern. ~ As
Case ] ] pr. IS 80
Case Flow 4 ~
New-York tribune., 1921-09-22
Record of Stock and Bond Averages

Copyright. 1921. York Tribune Incl
New-York tribune., 1921-09-22
Transactions Yesterday i'm Listed Stocks
Summary of Stock Exchange Dealings

Copyright 1921, New York Tribune 1nc)
The New York herald., 1921-08-30
YAMAGATA MAY COME
TO ARMS CONFERENCE
ist Leader Informally
Named by Japanese.
BIZ the Associated Press.

TOXIC Aug. 29.-Premier Hara and
Field Marshal Prince Yamagata, one
OF the Elder Statesmen. had a lengthy
conversation yesterday which newspa-
pers here understood to have been en-
tirely devoted to the conference on the
limitation of armament and Far Eastern
questions to be held in Washington this
autumn.
Several newspapers declare that Pre-
mier Hara has been disturbed by the
alleged insistence of the general staff
that the japanese army must be main
tained at 2. strength of twenty-one divi-
sions. and that, therefore. he sought
the counsel of the Field Marshal as a
leader OF the militarlst element.
IL is understood the South Manchuria
railway intends to ask that II be repre-
sented on tho Japanese delegation to
Washington. Field Marshal Yamagata
was recently appointed a director on
this railway, and has been informally
named as a member OF the Japanese
mission going to the United States.
The New York herald., 1921-08-30
BIZ ths Associated Press.

GENEVA. Aug. 29.-The Council of the
League OF Nations has accepted the task
OF solving the question OF the disposition
Of Upper Silesia. Viscount Ishii, as
president of the council. SO informed
Premier BRAND OF France after to-days
session Of the council.
Discussion of the subject. however,
will not be started before Thursday. tho
councillors meantime studying the vol
luminous documents OF the tangled case,
which were distributed to them to-day.
Whether Germany and Poland will be in
vited to send representatives TO present
their claims and explain their cases TO
the council is to be decided Thursday.
When the council convenes tomorrow
to deal with routine affairs H. win be
presided over by Dr. ". X. wellington
Koo of China. Baron Ishii will take the
presidents chair when the extraordi-
nary sessions for the Silesian delibcra-
tions are called.
The question of the presiding officer
was raised by the Brazilian representa-
tive, DIR. Gastoa da Cunha, who sug-
gested that since the extraordinary and
regular sessions Of the council would
coincide Dr. Koo be given the presidency
for the regular procedure. Arthur j.
Balfour. representing Great Britain, said
the case was exceptional and justified
The New York herald., 1921-08-30
20, 500, 900 RUSSIANS
FACING STARVATION
kGneneff Says Coal Will Be
Needed to Move Food.
BIZ the Associated Press.

Moscow. Aug. 26 (Delayed). - Leo
Kameneff, Soviet relief director, said
to-day that 2o.5oo.0oo persons in fifteen
provinces of Russia were facing starva-
ton. Food resources were about so per
cent. below those of pre-war days, he
added.
NJ. Kameneff said the Soviet Govern
ment was grateful for Americas help
through Herbert Hoover. but it was
desirous of letting the world know how
much more aid was necessary. He said
Russia could supply rolling stock and
carriage, but that she would require coal
10 move grain northward from Novoros-
sisk. He said the Donetz basin could
produce the coal needed IL the workmen
there were given food. He discredited
reports of a general cholera epidemic in
the Volga district. and said reports of
serious attacks upon the Red army were
untrue. as the peasants were showing
that passive spirit so characteristic OF
the Russians"
He ended the interview by saying that
2e5. 900, 900 pools OF grain, including
1S,000,0 900 poods of seed grain. would
be necessary to carry Russia through
on short rations until next harvest.
The Rev. DR.. Ernest Yarrow, OF the
Near East Relief. is going to the United
States to make report on his observa-
tons OF the situation In the regions
where he has been active.
The New York herald., 1921-08-30
MURDER OF ERZBERGER
CONDONED IN PRESS
Conservatives Blame Him for
Concessions to Allies.

Special Gable to THE New YORK HERALD.
Copyright, 1921, by THE NEW YORK HEaALD-
New York Herald Bureau.
Berlin. Aug. 20.
The press of both factions here Is
highly excited and political parties are
meeting in Berlin to decide on their fu-
ture policy. Even the moderate Cen
trist, or Catholic party, accuses the Ma
tionalists of having a murder bureau
The Conservative newspapers condone
the murder OF Matthias Erzberger, say
ing that 1t is cxplainable because OF his
defeatist concession policy toward the
Allies. The, Socialists in demonstrating
against the Nationalists demand that
the Government take vigorous measures
against the monarchists and militarists.
The conflict between the Nationalists
and the Socialists has become acute.
The Nationalist demonstration by work
ers In Munich yesterday was met by a
counter demonstration by German
workers. In the conflict German Of
ficer wearing the old colors was serious
ly wounded and three persons were
killed. The workers obliged houses %
remove the old Imperial colors and pro-
tested against the Nationaiists celebrat-
ing the battle of Tannenberg.
The German Cabinet. sitting to-day.
decided to ask for a law Furnishing with
Imprisonment and a fine OF 100000
marks those who provoke violence
against the State. whether they are
Communists or monarchists. and ar
range demonstrations calculated TO dis
turb the peace.
The New York herald., 1921-08-30
PEOPLE OF MOSCOW
ARE MILLIONAIRES'
Continued from First Po0e.

OF soup. roast beef, potatoes. pastry and
coffee costs $4,000 rubles. White bread
sells for 1000 rubles a pound and the
heavy black bread at 500 rubles. A shoe
shine may be had for 1000 rubles.
Everybody in Moscow would rather
have any sort of manufactured article or
food instead OF money. The bellboy who
brought the correspondent pot OF hit
water and was given as tip one
thousand ruble note asked for lump
of sugar In lieu of the money.
What difference does it make?" said
leading Communist to-day while laugh
ingly discussing the decline IN the value
of the ruble. 1T Is as easy to print
hundred thousand ruble notes as the ten
thousand ruble bills. It is only mat
ter Of adding few more ciphers."
Three years ago the Car ruble. orig
inally worth so cents, brought 10 cents
Now even beggars in the streets scorn
anything less than 500 rubles.
The Soviet, in the throes of changing
back in a measure TO free trade, is q
battling puzzle to students of economics
Highly skilled mechanics, such as auto
mobile experts, get as much as a million
to a million and a half rubes monthly
In Government employment. The work.
men sometimes are paid in factory
products and food allos ances. The
other perqusities are so varied that it
Is impossible to arrive at any standard
wage.
The New York herald., 1921-08-30
LEAGUE COUNCIL ACCEPTS
SILESIAN DISPUTE TASK
Twentyeght States Ratify Project of International
Court of Justice and Judges Will Be Elected
at Meeting of the Assembly

exceptional procedure. and II was agreed
that DR.. Koo should preside over the
regular sessions, with Niscount Ishii
assuming the Office during the Silesian
discussions.
League circles are much elated over
the prospects of the early convening OF
the International Court of Justice. as
twenty-eight States. three more than the
number required to pat the court into
effect. have ratified the project. Hence.
the eleven Judges of the court will be
elected by the forthcoming meeting OF
the assembly.
Ninety candidates thus far have been
named. amo.g them Raymond Poincare,
former President of France, who was
nominated by Portugal. AS soon as con-
venient after the election the court will
he convened at The Hague.
The election of Elihu Root Is looked
upon as a foregone conclusion IL ne al
lows his name 10 go before the assem-
bly,. Otherwise the election OF one OF
the other three Americans nominated Is
most likely.
Some Of the smaller Powers have an
nounced their intention of protesting on
the floSr OF the Assembly against the
prcdominance OF British on the staff of
the secretariat OF the league. They will
ask for representation on the organiza-
tions OF the league in proportion to their
participation in Its expenses.