davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-02-04
Market Again
Dominated by
Higher Money
Rates Repeat Performance
of Previous Day and
Check Enthusiasm; Oil
Shares Reflect Price Cuts

Money market stringency again
served as the dominating influence in
the stock market yesterday, where
forces working for lower prices con-
sipued in control. Repeating the per-
tornance of the day before the call
money market saw the fixing Of an s
per cent renewal and opening rate fol-
lowed by an advance to per cent at
mlaoay, which was maintained to the
close. The persistence with which
70 oney rates are holding at these higher
levels has tended to dampen bullish en-
thusiasm, narrowing the market down
to purely professional trading affair.
Dealings at the exchange yesterday
approximated the half million mark.
While the tightness of money played
the leading role in shaping the course
of prices. there were other factors to
De reckoned with, among them being
further reduction in the prices of Pc
troleum and petroleum products and
the publication of additional unfavor-
able railroad earning statements for
the month of December. Weakness of
the oil shares which came under pres
sure early in the session was attributed
to price cutting in the industry, the
pressure against the group coming
rnainly from professional sources.
Houston Oil and Mexican Petroleum
suffered the most. The movement of
prices in the rest of the industrial list
was irregular with the trend generally
toward lower levels.
The exhibit of railroad earnings af-
forded in the statements of several
leading lines for the closing month of
1920 leaves much to be desired. The
Chicago, Burlington & Qxincy, for ex
annie, reported an increase of 81,
542,eo9 in gross over the corresponding
month Of 1919, but net operating
deficit Of s1,8e2.24A. In the case Of the
Southern Railway December gross de-
creased s279,349, while net operating
income decreased se75,4oS. The South
ern Pacihcesystem reported an increase
Of s2,77e,755 in gross operating reve-
nues and en- increase of only s5eS,s2o
systems gross fell off S1,649,5s0, COM
psfed with November, rejecting the
effect of the general business slump
upon traffic. Railway shares were most
~ lower IN the market, yielding under
crmparatively light selling pressure.
The money market remains the chief
topic of discussion in the financial
markets at the moment. While govern
nent Withdrawals have been q factor
in tightening things UP here the prin-
cipal influence IS the drain Of New
York banking funds to the interior.
Balances at this center of interior
banks have been much reduced in re-
cent weeks.
Cotton prices broke with violence
yesterday, touching new low prices for
the current movement. The decline
yesterday averaged about half a cent
a pound for the various options. Wheat
and corn prices also yielded. In the
foreign exchanges movements were er-
ratio, sterling rates opening weak, then
rellying sharply and finally closing of
/ cent in the pound for sight drafts.
Francs and marks were also slightly
easier.
New-York tribune., 1921-02-04
Chilean Loan Near

All legal obstacles to the fotation Of the
projected Chilean Government loan IN
the American market have been cleared
away, bankers who have had the nego-
tiations in hand said yesterday, so that
formal announcement of the terms
of the financing is imminent 1ndica-
tions are that Offering Of the issue will
not be made now until next week. The
loan will approximate s25,ooO,0oo and
bear q coupon rate of per cent. The
maturity will probably be at least ff-
teen years, in view of the desire Of the
investment public for long term bonds.
The Guaranty Trust Company in a
statement yesterday called attention to
the fact that the direct debt of Chile,
expressed in American dollars, is now
s1e1.265 900, compared with s175,50o, 900
at The end Of 1918.
New-York tribune., 1921-02-04
I'm Wall Street
Atlantic.Gulf Weak

The heavy selling of Atlantic, Gulf
4 West Indies yesterday was said TO
have been for the account of the same
interests that were bearish on the stock
at much higher prices. These oper-
atcrs, as the result Of their former ac-
tivitiss. we're understood to have made
large profits or The SPORT side when
Atlantic, Gulf t. West Indies vas sell
ing above par. There vas no specifc
neua to account for yesterdays break
Of over six points. It is known that
the. company is negotiating with bank.
ers for loan, and according to recent
information the prospects, are that a
new issue of notes will be made, to be
secured By marine equipment u is
said the amount will not run above
as 100000,
New-York tribune., 1921-02-04
Consolidated Gas

Relative to the policy Of the Consoli-
dated Gas Company in maintaining the
regular dividend rate in the face Of
declining earnings and high cost Of
material and labor, George B. Cor.
t!slyou, president, has Informed stock
holders that current dividends repre-
sent, IN part, an appropriation of sp-
proximately s1C,o0o,o00 from undis-
tributed surplus earnings accrued over
period of years during which the
rates for the companys service welded
actually less than fair return upon
the lnve estme1t in the gas and electric
properties. THAT is to say" he added
the rate Of dividends paid on the carl,
tai stock during those years repre-
sented more than twice the rate of re-
turn actually earned on the original
cost Of the tangible property deyotea
to the public service Nand more than
three times the rate of return ACTUALLY
earned during that period on the pres.
ent reproduction cost Of this nropertv
Inc capital stock of the Consolidated
Gas Company Is essentially an invest-
ment security, only small percer+ape
OF It being held by brokers' in behaIf
of clients. Of the e,5oo sharehoidsrs
50 per cent own less than fftv-ons
shares each"
New-York tribune., 1921-02-04
The Dollar in Foreign, Exchange

The foreign exchange market went
through some erratic fluctuations yes
terday. Sterling rates opened weak,
rallied with vigor and yielded again at
the close. The final quotation on Lon
don sight drafts was 3.s4, compared
with a close Of 3.s5 the day before.
above 3.85.
Francs closed 1s points lower at SOS
cents, while marks yielded shade at
Ass cents for checks.
Exchange on Sweden was not affect
ed by the arrival Of S1,2eo,ooo in gold
from. Stockholm, the largest shipment
from that quarter in g long while.
Quoted in dollars to the pound.)
New-York tribune., 1921-02-04
Raw Sugar Still MaaL

Another new low record for the sea.
son was established in the raw sugs,
parset mere yesterday when Portc
Asos SOLO at 4.45 cents, cost, freight
aao insurance, equivalent to about
q. ..lo cents, cost and freight. for Cubas
The latter remained firm vi az csnta
however. A large Quantity Of cnhss
raws has been taken by the Britisb
hoyal Commission in the last few days
II was said yesterday, the amount IN.
vowed being estimated at between Sa
uoe,ooo and s1e.GoG,0oo. An imnrov.d !
lnaulry for refined sugar for export i
reported and .Javgs are said to he
aVallabls at 6A cents. These ara s,jd
TO be offered for domestic us. st ( an
cents duey paid, '''u
New-York tribune., 1921-02-04
$50, coo. 900 Burlington lssue

Approval by the Interstate Commerce
Commission of the plan for the cap
italizaticn of the Chicago, Burlington
& Quincy surplus in connection with
providing for the Great Northern
Northern Burlington collateral
Joint per cent bond maturity of s215,-
100000 is expected now within the next
two weeks. A full membership of the
commission will pass on the matter, ac.
cording to the bankers who are han
ding the financing program. With the
approval of the commission obtained,
the bankers will proceed at once to the
sale Of the securities, and the first
operation, it was stated yesterday on
good authority, will be the Offering of
an issue of s80,ooo,0o0 of Chicago.
burlington & Quincy mortgage bonds.
That will leave s135,oo0.oo0 to be pro
wTded for by the Great Northern and
INorthern Pacific, and this will likely
be, raised through the sale of a Joint
obligation of the two roads.
New-York tribune., 1921-02-04
Manwell-Chalmers Reorganization

The reorganization committee for the
Maxwell and Chalmers motor COM
panies has extended until the close of
business on March the time during
which depositing stockholders may
make application for new stock in ex-
cess of their minimum rights of pur-
chase under the reorganization plan
and make the initial payment of SO on
each share Of new class A stock ap-
piled for. The committee states chat
it has been found possible to grant
depositing stockholders this further op
porulnity to avail themselves of ths
rights conferred by the plan in view
Of the fact that the new company to
be provided in the organization and
the consolidation of these companies
is not yet required"
New-York tribune., 1921-02-04
Ford Mntnr Financing

Bankers who ought TO be in p posi-
tion to know whereof they speak insist
that the Ford Motor Company's need
Of cash is not urgent and that while
there has been no change in the Ford
financing plans it may be that the
head of the company may decide to
postpone entering the market at this
time. Gossip has placed the amount
of cash that is being sought by Mr..
Ford at s75,ooo,ooo to 100000 900, but
it is understood that any actual fnanc-
ing program put through will probably
not involve much more than $4,000
900. At least three banking groups are
interested in the Ford financing.
New-York tribune., 1921-02-04
A February Market

Several market observers who have
been predicting that the stock market
would recede this month and reach q
level from. which sustained rise will
start are now, witnessing the results
Of their forecasts. OF the January ad,,
vance they say that it went beyond
the actual improvement in business
and for this reason the market was
due for setback. These interests as
sert that their bearish incllnations are
only temporary ard express the opinlon
that later on in the year real bull
market will be under way based On
sound business Improvement.
New-York tribune., 1921-02-04
Texas & Pacific

N 's understood that the argun ant
Of Of the Missouri Pacific case against ths
Laxas d Pacific involving arrears of
interest on. the Texas & Pacific second
mortgage m bonds has been completed
me briefs now being in the hand, of
,ne court for decision The snecn-
tSslVe .i position involved in this iitigs
ION IS SAD to have been the basis for
shares. eNas racine
New-York tribune., 1921-02-04
Paris Market Weak

PARIS, Feb. 3.-Prices were weak on
the Bourse to-day Three per cent
rentes, oS francs IS centimes. Exchange
on London, 81 francs 45 confines. Five
per cent loan, 83 francs 95 centimes,
me dollar was quoted at Ia francs
22a centimes,
New-York tribune., 1921-02-04
Expect Certificate J.ar.

with the passags by Congress in the
near future Of the Winslow hill prs-
v!ding for the payment to the raiirosda .
OF approximately s3Ao, ,ooo, 900 due them
AZ compensation for the SIX months,
government guaranty period ended Sen
IsMner /, new Offering of uritsd
states Treasury certificates is expected
20 supply thu -seYsSsaeat With. x.ha
New-York tribune., 1921-02-04
London Money Market

LONDON, Feb. 3,-Bar silver, s74d
per ounce; bar gold, 1865 Cd. Monev.
"a per cent. Discount rates-Short
bills, oes per cent; three months bills
sas per cent. Gold premium at Lisbon
140. y ~
New-York tribune., 1921-02-04
Mullins Body Earns s6.2I

Net profits Of the Mullins BODY Cor.
poration for the year ended Dscem bsr
81, after charges and Federal t.Tes
we're s7o1 ,2ao, equivalent after nra.
ferred d,vidends to se.2l share nm
the 100000 shares of common stoeL ot
no par value, it was announced veeter-
nay. Earnings for sevsn months anSaa
Ds,sseee~b ~ e~ Der 81, 1919, we're equiyalena II
d. .tiS fnrrn,ar " :. ~
New-York tribune., 1921-02-04

The proportion Of the banks reserve
to liability is 11.64 per cent; last week
1t vas l4.la- Rate of discount, per
New-York tribune., 1921-02-04
Bid and Asked

Following are the closing bid and
asked quotations. of stocks listed on the
Stock Exchange in which there were
no transactions yestsrdav:
New-York tribune., 1921-02-04

Bank Clearings-Bank clearings at
New York yesterday were: Exchanges,
s743.s8o,7o5; balances, s7o,15i,2a5.,
SiIver-London, 37Ad; New York.
domestic, bar, 991ac; foreign, 631sc;
Mexican dollars, 48ssc.
Canadian Exchange-New York funds
in Montreal, s125 premium per $1,000;
Montreal funds in New York, S111.25
discount per $1,000,
New-York tribune., 1921-02-04
West Virgins Gasoline Lower

WHEELING, w. Va, Feb. 3.--The
Freedom Oil Company to-day an
aounced q reduction Of Ia cents a
gallon op gasoline, effective at once,
making the price 23 cents. It affects
hN Usizt& IA Vast Virginia.
New-York tribune., 1921-02-04
Bank of France Statement

PARIS, Feb. 9Th. weekly state
ment Of the Bank Of France shows the
following chanpes In frann.
New-York tribune., 1921-02-04
Dividends

Stock
p,... Rate Period able oeHen
BITS stse! pt Lax c Mar. Feb *
zasas.s sas ss s,.s sss!g,s Il, 49, 8 Nsss
New-York tribune., 1921-02-04
Money and Credit

There were indications yesterday
of slight easing of money owing to
the appearance of time loan offerings
whereas in the past few days practi-
cally none has been available. Call
money after renewing at per cent
later advanced to per cent, where it
held until the close. New time money
is said to be coming from the interior,
where banks are again attracted by
the higher rates here.
New-York tribune., 1921-02-04
Bank of England Statement

LONDON, Feb. s.-The weekly state
ment of the Bank of ENGLAND fnlInura
New-York tribune., 1921-02-04
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings

Copyright, 1921 New York Tribune Incl
Etockg
The New York herald., 1921-06-27
BONDS IN NEW YORK STOCK EXCHAN(

WEEK ENDED JUNE 25 1921.
The New York herald., 1921-06-27
500 MILES STATE ROAD
PLANNED THIS SEASON
Cheap and Plentiful Labor Big
Aids to Work.
$ pecial Despatch to TIE New YoRK HERALD
New York Herald Bureau,
Albany, June 90.

New York Herald Bureau,
Albany, June 2G.
Herbert s. Ssson, State Highway
Commissioner. announced to-day that
because OF the plentifulness of labor he
will he able to complete 500 miles of
new roads during the coming season.
During the war it was impossible TO
hire men even at S6 a day. Now the
Highway Commissioner can get all he
needs for a little more than half that
amount.
Ninety-seven contracts calling for the
construction of 3S7 miles of roads have
been awarded. The cost of this work
will be $14.ss3,S00 and 7,10o men will be
employed
Commissioner Sisson strongly advo-
Gates the building of permanent roads
and favors an annual appropriation suf-
ficient to maintain them.
1.-THE system of highways provided by
the Hewitt law of this year" he said.
makes possible the completion of n sys-
TEN comprising 1000 miles of improved
hard surface roads i'm this State. Eight
thousand miles already have been nalf
completed, leaving 1900 miles 10 be
built"
The New York herald., 1921-06-27
PROPOSALS.

SALE OF u. S. GOVERNMENT BUILD
INGS, HOBOKEN. Quartermaster
Supply Officer, n. Y. G. /. D., 5Sth Street
1st Avenue Brooklyn, y. Y. Sealed propo-
sails will be received here until II :00 A. NJ,
July 5th, 1921. for purchase from y. s. Gov
ernment and removal OF certain large ware
houses 90, miscellaneous buildings and i'm
provements Cincluding trackage) NJ 18th and
Hudson Stres cts. Hoboken. ". j. Further In
upon application.
The New York herald., 1921-06-27
Average Bond Prices
June 25. 1921.
BONUS LAW DISABILITY
FUND UP TO NEWTON
Veterans of Other Wars May
Receiue Benefits.
Special Despatch 10 THE NEW YoGK HERALD
New York Herald Bureau,
Albany, June 20.


Albany, June 20.
Attorney General Charles ID. Newton
has been asked by the Soldiers Bonus
Commission TO determine whether the
veterans Of the Spanish, civil and other
wars are eligible to participation in the
disability fund created under the bonus
law this year.
Many hold that II was the intention to
have this fund used only for the aid Of
disabled world war veterans. but confu-
sion has been caused by a clause In the
law which states that the fund shall be
used for the benefit of such other per-
sons as have served honorably in active
duty in the military or naval service Of
the United States in time Of war"
The disability fund is to be made up
principally OF money contributed by
persons eligible to the bonus but who
do not need IL.
Among trustees OF the fund are
Charles g. Blakeslee, State head of the
American Legion Edward c. Delafield,
Richard Derby. Holland S. Duell Dar-
win f Kingsley Major-Gen. O'Ryan,
Lorillard Spencer. Arthur Woods. Henry
L. Stimson. Francis l.. Robbins, Samuel
Aronowitz and Lincoln G.. Andrews
The New York herald., 1921-06-27

grow increasingly favorable during the
coming years. as exchange differences
clear away he said.
Japan is the strongest Immediate conf
pettor for that new business. The big
reason why American manufacturers
should make determined effort to
strengthen their Indian trade, 1t was
pointed out. is that the steady indus
trial development OF India in the COM
ing years is assured. provided that there
shall be no serious political troubles.
The New York herald., 1921-06-27
FIGHT FOR INDIA TRADE

II American exporters are willing 20
fight for the new market in India
which they developed during the war
they have a good chance OF keeping
Il In the opinion OF r. Stuyvesant
Pierrepont. director OF the Bank OF
America, who has just returned from
a tour OF that country. Conditions for
imports from the United States will
The New York herald., 1921-06-27
SCHEDULES IN BANKRUPTCY.

The following schedules IN bankruptcy were
filed Saturday in the United States District
Court
ISIDORE NEUTRALITY-SUSPICIOUS. of Isidore
Surtshin. silks, 81 East Twenty seventh
street, show liabilities OF S16,546 all un-
secured claims. and assets of $6,9o6. of
which 81 S35 is stock in trade. $24O ma
chinery, tools, &c: 81, ,563 debts due on
open accounts. 81 800 unliqudated claims
and $500 property in reverslon. trust. &c.
Attorney not given.
SCHWARTZ ART SHOP. INC.-Schedues OF
Schwartz Art Shop, Inc. art embroidery,
4o+ Grand street, show liabilities of Slt.-
$40. of which S12 953 unsecured claims,
and assets OF 5000 stock in trade. Myers
Kutner attorneys for the bankrupt.
LA RENE HAT CO.-Schedues of La Reine
Hat Company, womens hats. OIL Greene
street show liabilities OF S12, 1876, of which
S11.0 .0S5 unsecured claims and assets of
s1T. ago. OF which $I2. 900 is stock In trade
and 5000 machinery, tools. &c. Charles
Goldenberg is attorney for the bankrupt.
The New York herald., 1921-06-27
L. s. GOVERNMENT BONDS.

tseller 80 days nat.
The New York herald., 1921-06-27
no OFFER !. G. bonds.

Kuhn. Loeb & Co. have purchased
$4,000. 900 Illinois Central Railroad Com
pany 10 year 6l3 per cent secured gold
bonds. which will be offered for sub
scription at 97h and accrued interest. TO
yield about $50 per cent. The bonds.
not redeemable before maturity. are se-
cured by sS.225,000 Illinois Central re-
funding mortgage 4 per cent. gold bonds
due 1855. and S3.S20,000 Illinois Central
and Chicago, St Louis and New Orleans
Joint refunding mortgage 3 per cent.
bonds due 1q63
The New York herald., 1921-06-27
AVENUE LINE RESUMES.

Through an arrangement approved by
the new Transit Commission, the Ocean
avenue trolley line, in Brooklyn, which
has not run since the strike a year ago.
resumed operations yesterday from
Sheepshead Bay to Bergen street. No
transfers were issued to intersecting
lines Brooklyn Rapid Transit officials
said the line was well patronized and
that the ten minute headway might be
reduced TO five
The New York herald., 1921-06-27
q. II. COMPTON RESIGNS.

George Brokaw Compton announced
yesterday his resignation as a State
Transfer Tax Appraiser. his resignation
TO take effect June 30. His letter to
Commissioner Walter w. Law. Jr.,
stated that his private law practice re-
quired his retirement. He is a member
Of the firm of Peaslee g. Compton. sol
Fifth avenue. lie was appointed to mis-
state office at the request OF Gov. Whit
man in 1915
The New York herald., 1921-06-27
NEW ENGLAND MIG. sTocKs

BosroN. June 26.-sales of manufac-
turing stocks ia Boston last week In
cluded
The New York herald., 1921-06-27
SATISFIED JUDGMENTS.
MANrrATrAN.

MANIIATIANl
The first name r. that Of the debtor the
second that OF the creditor, and date when
Judgment was filed
YAVNO. Louis. aud Max Bern
Msrch 2s. 1917 ...........,...... s1,3i7 .a5
Dec Dec. 2s, 1915 ................. 1886
. Jan jan !, 1921 .1.,...'.,...'.. cor o5
Of,COTT Herman = y l..
Richards; oct. -, t01s.......... 1888. 80
BAY BUILDING CO. INC. and
Louis yavno-Empire Lighting
Fixture Co, Inc. Dec. :, 1911. i6i 80
BRONX.
MARX. Morrip-SIx Point Garage
and Service Station: Feb. Z. 1919 $500
FROuND. Adolph-i q. Began;
Inn 2, 1915 ...,s.,...ty...,s~,. e4s3
The New York herald., 1921-06-27
Business Troubles
PETITIONS IN BANKRUPTCY.

The following petitions in bankruptcy we're
filed Saturday IN the United States District
Court:
lfAX ScHREIBER-Volu petition by
Max Schreiber. 425 Walnut street, fonkers.
who places his liabilities at $13,53l, OF
which S12. .9G4 are unsecured claims. and
assets of s4,771, OF which $4,000 is stock
in trade and fixtures. and S12l debts due
on open accounts. Clarence Alexander or
Yonkers Is attorney for the bankrupt.
FRED LOTRINCER--Volp petition by
Fred Lotrtnger butter and eggs, BIS Green
wich street. who places his Liabilities at
s12,S30. all unsecured, and assets at S3.o29,
of which $500 is machinery, tools. &c. and
49, 129 debts due on open accounts. Aora-
ham b. Albert is attorney for the bank
rupt.
MORRIS FROMSCHUCK-Volunt petition
by Morris Fromschuck, formerly in the
restaurant business. 265 Audubon avenue
who places his liabilities at $3.14o and no
assets. Samuel kofiier is attorney Tor tho
bankrupt.
ROYAL BOX. AND LUMBER CO. INC
Voluntary petition against the Royal Box
and Lumber Company, Inc, manufacturers
of packing boxes, ~ Wooster street. on
behalf OF three creditors-Excelsior Shook
and Lumber Company Inc, who claim SS''
the Dittmar Company. $3s6: Wister.
Jnderhil g. Nixon, Si95. Charles Sobel Is
attorney for the DetitiOners.
The New York herald., 1921-06-27
pENNsyLvANIA OIL MARKET.

on CITY. Pa, June 26.--Credit ball
ances. s2.5O. No runs or shipments re-
ported
The New York herald., 1921-06-27
BRONX

AMIGO. Peter and Pasquale-J. J.
stark Co. Inc c................. 81
COOPER. Paul As. H. M.
ARens ..ss.t.s.s..s. ..s- .+....... -
CUOMO, Antonio--R Lord. adm'x. 10
DE LuCA. Joe-The state Bank =.
FOLEY. James J.-Departmert o,
Health s.t.s..... ...sf. .s..s.+.... lO
rANZER, Paw ". and Emanuel
Kraus- r5zdman a Conn.,. IA
sffLAGE1, Frank J.-Henlee Real
Estate Corp. ...4....4........... Is
SCHWARTZ. Adolph and Henry.
Bernstein .........s.......... 10
The Bridgeport times and evening farmer., 1921-04-08
Vidas, Who Will Appear With Ponselle,
 Is We'll Liked In New York

Fourteen of the New York critics following his American debut, placed their stamp of approval on young Raou1 Vidas, the talented violinist, who will be heard in a joint concert with Rosa Ponselle at Polls theatre Sunday afternoon, April 17th at 3 o'clock Gilbert Gabriel. who writes under a non de plume ''The Listener in the Evening Sun, said:
 "A young vioIinist, Raou1 Vidas, an artist whose merits have had their recognition in his native France, made his American debut in Carnegie Hall yesterday afternoon. It is not often that the applaudfng hat comes off spontaneously to young and com paratively unheralded foreigner, but it did yesterday in tribute to a per formance which showed through out the afternoon, full proof of a high, sensitively wrought achievment. For MT. Vidas may be said to have made that thing called a success
 He is a Frenchman, a product Of
The Bridgeport times and evening farmer., 1921-04-08
Folding Brownie; great picture-taker.

Easy to carry, because it folds into small space.
 Snaps clear picture of good size.
 Has Photographic device so one may date or number mega lives.
 Four sizes, taking four sizes of pictures, equipped with fine lenses,- S9 to S17.5O
 Fourth floor.