davidaulloa/AmericanStories huggingface dataset:
The Hood River glacier. (Hood River, Or.) 1889-1933, 1921-03-03
81. MarY's Catholic Church

Services Sunday morning are as fol-
lows: Low Mass, s O'Clock; High Mass,
10: 80 O'Clock. Instruction for the chill
dren at O'Clock, each Saturday morn
ing If
The Hood River glacier. (Hood River, Or.) 1889-1933, 1921-03-03
DRS. ABRAHAM AND SlFT0N

PHYSICIANS and SURGEONS
Rooms II, 19, 20 Brosius Building
Res. Phones: DR.. Abraham 4l52.
DR.. Sifton 36l3. Office 4l51.
New-York tribune., 1921-06-25
Urges Speedy Liquidation

MINNEAPOLIS, June 24.--B. M. An
derson, economist of the Chase Ma
tional Bank of New York, declared to-
day that the time had arrived for the
banks of the country to set faster
pace in forcing liquidation and read
]ustment. The occasion was the annual
meeting of the Minnesota Bankers AS
sceiation
The credit situation, he asserted, is
exceedingly strong and under control,
and the weak spots which exist in par-
ticular places have been measured ana
charted. The existing stagnation, with
the steady pressure of overhead charges
and the increasing curtailment of the
buying power of the public, is, the
banker said, much worse than the
losses which prompt reimbursement
would involve.
"Sye must not make loans which viii
permit the Withholding of goods from
the market" Professor Anderson de-
clared. "We should, on the other hand,
make loans freely to those solvent
business men who have markets in
sight and who want funds to produce
goods foS their markets"
New-York tribune., 1921-06-25
Prices Fir1ner.
But Trading Is
Dull ON Market
Violent Activity of Earlier
in Week Followed by
Calm: Liquidation of
Securities Is Checked

Instead of fierce breakers in the
stock market yesterday there were in
stead mild ripples. The ocean Of se-
curity fluctuations became calm after
the storm which had begun to abate
earlier in the week.
In place of violent activity there was
dullness; activity was at the lowest
ebb this month. There was less com
fdence on the part Of those operating
in quest of lower security prices. And
the outpouring of liquidating orders
was at least temporarily checked. As
q result, most active securities closed
the day with moderate gains. The
averages of thirty representative In
dastrial stocks and of twenty rails were
higher than they have been on any pre-
vious day this week, but lower than
that of last Saturday.
The firner tone in the maYketplace
came in response to no significant de-
yelopment in the outer world. Re-
Gently the market has been reacting
primarily to stimuli from within, to
factors intimately associated with the
technique of speculation. Though
spectators were of the opinion that
the market acted well from the bull
standpoint yesterday. there was no
concerted rush to buy on the part of
those who believe current quotations
are cheap.
In the first hour Of trading profes-
sional spectators endeaverod to send
quotations downward again, but with
no conspicuous success. Forces MAX
ing for frmness were dominant and
toward the close final rally brought
net changes for the day more definitely
into the rally column. The turnover
was scarcely more than half that of
other days this week.
The declaration OF the 81 regular
dividend and so cents extra on Corn
Products in these days of frequent
dividend omissions impaired fresh CON
fdence, and the common stock of this
company was eagerly bought. 1t closed
at Sass, up 2s points for the day.
In the money market speculative
credit was again in abundant supply
for call loans all through the day
at per cent. With the reserve po-
sition of the Federal Reserve banks
persistently registering improvement
in the basic credit situation, borrow
ers are disinclined to finance them
selves except with call loans in de-
clining market for money rates.
There was little activity in the for
eign exchange market. Quotations on
European capitals were steady Cot
ton quotations were irregular and
wheat prices, though strong early in
the session, closed unchanged.
New-York tribune., 1921-06-25
Opposes New Coin
j. S. Drum Against Further
Complications

John S. Drum. president of the Amer
lean Bankers Association, appeared be-
fore the Congressional Committee on
Coinage, Weights and Measures at
Washington yesterday in opposition to
the proposed minting of a two and one
half cent Roosevelt memorial coin. Mr..
Drum explained to the committee that
the association had no desire to op-
Theodore Roosevelt. but was against
the two and one-han cent coin idea
because it would be extremely unwise
to complicate further our coinage with
a fractional piece of money.
Mr. Drum told the committee that
the creatio.. of two and one-half cent
piece would necessarily call for the
minting Of another one-half cent coin
and the two new pieces of money would
only make for further inccnvenience.
New-York tribune., 1921-06-25
Prices Rule Firm
I'm Active Trading
On Outside Market
Covering Operations I'm Oil
Group Cause Rallies and
Fractional Gains; More
Evidence of Support Seen

More evidence Of support at the
lower levels and covering Of short
commitments by those who had sold In
anticipation of declines served to in
crease demand in active trading on tho
curb market yesterday, and frac-
tional advances were common in the
leading stocks.
Oil shares worked slightly higher,
Cities Service, Anglo-American, Inter
national Petroleum, Simms and Carib
Syndicate following the lead Of Mara
caibo, which advanced more than q
point to 24A.
Industrials continued quiet. however,
and changes were small Interconti-
mental Rubber scored an advance Of
ss at III.
New-York tribune., 1921-06-25
Agreed on Mexican Policy

The various foreign banking inter
ests represented ON the international
committee Of bankers on Mexico are
IN complete accord with regard to the
policy to be pursued in persuading the
republic to take care of it's outstand-
ing obligations, 1t was learned yester-
day. A meeting of representatives Of
the American banking group was held
at the Offices of j. P. Morgan & Co.
on Thursday, when Thomas w. La
mont, of the Morgan firm, reported
the results of his conversations with
representatives of the English, French,
Dutch and Swiss groups while he was
abroad recently. The committee, it is
understood, will take no definite ac-
ttion toward protecting the interests of
holders of Mexican securities pending
recognition of the present regime at
Mexico City. by the United States. It
IS not the intention Of the American
group to send representative to Mex-
ico until Obregon has been recognized.
New-York tribune., 1921-06-25
Tn w all Street
Spot Delivery

George +. Loft, son Of the candy
magnate and former Congressman, cre-
ated a sensation on the Stock Exchange
yesterday, when he sold suit of
clothes Off his back for $40 and made
spot delivery. The young broker, who
has his Office with Mcdonnell & Co,
breezed on to the floor of the exchange
early in the session, wearing brand
new Palm Beach suit. 1t was SO
conspicuous some Of his colleagues
roughed him bit and in the fracas
the coat-~was torn slightly Thereupon
Loft yelled out for bid for the out
fit, just as ii he were selling 100
shares of Loft, Inc. A broker in the
crowd snapped back a bid Of $50 and
demanded instantaneous delivery. Loft
was game. He peeled off his coat and
then shed his trousers and departed
for the Luncheon Club attired in his
B. ". Ds. He was able to resume
business later through the discovery of
an old suit Of clothes in locker.
New-York tribune., 1921-06-25
Refined Sugar Declines
To New Low Price Level
Federal Co. Looks for Con.
tinued Cuts if Artificial Checks
Are Placed on the Marker
Bought and sold
on commission

A reduction in the price Of refined
sugar to $40 cents pound, less per
cent for cash, yesterday was followed
by an announcement from the Federal
Refining Company that it looked for
further price recessions If artificial
methods Of checking the decline were
resorted TO.
"The reduction Of 25 per cent from
established tariffs on foreign sugar In
ported by refners handling domestic
sugar being considered by Congress Is
unconstitutional" said the Federal.
Other important declarations made
by the Federal Sugar Refining Com
pany IN its latest statement ars that
still lower sugar prices are probable;
that Europe is not buying sugar and
that the proposed $40,000,000 Cuban
bond issue is not likely TO be sonsid-
cred favorably.
Protesting against the new sugar
tariff proposal before the Ways and
Means Committee, the Federal Sugar
Refining Company says that "such a
scheme would be tantamount to 8 sub
sidy to the extent of the duties re-
mitted, and subsidies to domestic sugar
growers have been declared unconstitu-
tional by the United States Supreme
Court"
If the unsettling features, such as
price guarantees, are continued there
will probably be further declines in
sugar prices, declares the Federal
Sugar Refining Company. In spita of
the various schemes being tried to
stimulate demand for refined sugar,
little or nothing has been accomplished,
says the Federal review, and no lasting
improvement may be expected until the
artificial barriers feared by the trade
are removed and the industry as
whole is mt ON O en,,r,d economic basis.
New-York tribune., 1921-06-25
Plan 500 Stock Dividend
Directors os u. S. Mortgage &
Trust Co. Submit Proposal

Directors of the United States Mort
gage and Trust Company voted yester-
day a stock dividend of so per cent, sub
ject to authorization by the stockhold-
ers at special meeting to be called
for the purpose. This will increase the
capital stock from 100000 to 3d.
100000.
John w. Piatten, president. said the
move to increase the capital st this
time had no special significance ana
pointed out that it would add substan-
tally to the lending power of the IN
stitution. At the end of 1920 the trust
company reported total assets OF ss6,.
275,e43 and capital and surplus Of
5000, 900.
New-York tribune., 1921-06-25
Corn Products Continues Rate

Recent selling of Corn Products
based on reports that the company
would discontinue the payments of the
extra common dividend at yesterdays
meeting of the board was shown to
have been unjustified. In addition to
the regular quarterly distribution Of
~ share the usual extra payment
of 80 cents was declared. It was an
nounced after the meeting that earn
ings thus far in the second quarter
justified the continuation Of the pres
ent dividend E. G. Bedford, presi-
dent. said: There Is mistaken idea
about our profits being predicated on
the price of sugar. As matter Of
fact, our most profitable year, pro-
portionately, was when sugar was 9
cents pound, against % cents in the
war period" The common stock par
tle1pated In yesterdays stock market
advance, closing at GAS, net gain of
2A points.
New-York tribune., 1921-06-25
British Loan to Uruguay

Advices from London report the
making Of loan of 100000 to the
government Of Uruguay by the British
Bank of South Africa. The issue runs
for one year and bears an per cent
rate. The proceeds will be used in
maintaining sinking funds and provid-
ing for interest payment on the ex-
ternal debt. Recently representatives
OF the Uruguayan government were
negotiating with New York bankers for
a $10,0o0,o00 loan, but the deal was ter
minated without success. At the time
it was said the Uruguayans thought
the. terms offered by the American
banking group too steep.
New-York tribune., 1921-06-25
Bankers Favor Funding Plan

Bankers are actively urging accept
ance of the plan for funding the rail-
road obligations TO the government.
estimated at approximately $500 0OO,
900. 1t was reported yesterday that q
round-robin letter has been sent to
President Harding, in which it was
pointed out how the railroads would
be benefited by operation Of the plan.
which would not delay payments owing
the carriers by the railroad administra-
ton
New-York tribune., 1921-06-25
American Sugar

The American Sugar Refining Com
pany in Its efforts to find an outlet
for its products is reaching across the
Atlantic, it was learned yesterday, and
is laying down refined sugar in the
London market on practically q con-
signment basis. The price at which
the sugar is being placed in England is,
market. Bank loans of the American
Sugar Company have been reduced
somewhat during the last six months,
but it is believed that ultimately pub
lie financing will be arranged to fund
the bank obligations.
New-York tribune., 1921-06-25
The Funding Proposals

Much interest is manifested in local
banking circles over the legislation
introduced in Congress granting Sec
retary Mellon broad powers with re-
spect to funding the Allied obligations
to the United States Treasury. Some
difference of opinion exists as to the
expediency Of granting such sweeping
powers to one man, and the view was
taken by the head Of large down
town bank that it would perhaps be
better to put the matter into che hands
Of comnaittee, say, Of the President.
the Secretary of the Treasury and the
Secretary of State. 1t was generally
admitted chat the power to act should
be lodged in small group rather than
in an unwieldy body.
New-York tribune., 1921-06-25
AGWI Financing Approved

Stockholders Of the Atlantic, Gulf
and West Indies Steamship Lines,
meeting at the eompany's corporate
Offices, kittery, Me-, yesterday, an
proved the plan for financing unpaid
for tankers through the issuance of
m mortgages thereon. The company's an
nual report for 1920 is expected to be
published soon, and is expected to snow
the preferred dividend earned last
year, with some snargin to spare for
the common stock, after all charges.
taxes and depreciation write-offs.
New-York tribune., 1921-06-25
American Car and Founarx

The annual report of the American
Car and Foundry Company, which is to
be issued soon, is expected to show
earnings sufficient to pay all dividends
without drawing upon the reserve that
was set aside to pay dividends at the
current rate of IL per cent on the COM
mon stock over q three-year period.
Business Of the company is expected
to improve in the fall, when the rail-
roads are expected to enter the mar
ket again for equipment and repair
work.
New-York tribune., 1921-06-25
The Dollar in Foreign Exchange

Foreign exchange rates moved irreg
ularl in yesterdays quiet trading,
sterling showing an easier trend at the
close. with decline Of "a of cent for
cable rates on London to $3.73&.
French and Belgian francs were
higher, but Swiss francs sagged
slightly. Changes elsewhere in the
European list were small.
A decline in the rate on India was
virtually the only change in the Far
Eastern and South American groups.
New-York tribune., 1921-06-25
Cuba's Financial Plans

Bankers here, while they believe
something must be done to straighten
out Cuba's tangled financial situation,
are not exactly enthusiastic over the
proposal that Federal Reserve bank
ing system be established on the
island. "The Cubans," said leading
banker yesterday, "are not vet in
position to administer and operate a
central banking system. They have
hardly reached stage Of development
that would make possible a successful
operation Of such system"
New-York tribune., 1921-06-25
Consolidated C Cigar Common
Dividend Is Omitted

No action was taken yesterday On the
declaration of dividends on the common
stock Of the Consolidated Cigar Cor
poration, due ut this time.
The regular quarterly dividend OF
SITS share was declared on the per
cent cumulative preferred.
New-York tribune., 1921-06-25

Bid. Asked.
Paris Market Firm

PARIS, June 24.-Prices were firm on
the Bourse to-day. Three per cent
rentes, be francs 65 centimes. Ex-
change on London, DC francs 70 CEN
times. Five per cent loan, 80 francs
~ centlmes. The dollar was quoted at
IL francs 81 centimes.
New-York tribune., 1921-06-25
London Metal Market

LONDON, June 24.--Standard copper
Spot, 500 los; futures. s6s los. Elec-
trolytic, spot, s7s los; futures, sIS.
Tin. spot, s165 It's Sd; futures, sl6f LIS LIS
Cd. Lead, spot, s22 los; futures, ~
rs cd. Zinc, spot, s26 12s Cd; futures
e2I 5s.
New-York tribune., 1921-06-25
German Competition

German competition in the locomo-
tive field is becoming factor OF in
creasing Importance in the industry.
American locomotive builders have
learned recently that the Germans are
active scale and in some cases are ac-
cepting one-year notes in payment.
The prices quoted by the German
manufacturers range up to 40 per cent
under those Of the American builders.
New-York tribune., 1921-06-25
London Money Market

LONDON, June 24.--Bar silver, 35d
per ounce; bar gold, HOS Sd. Money,
4A per cent. Discount rates-Short
bills, 5a per cent; three months bills,
SIS M5 7-16 per cent.
New-York tribune., 1921-06-25
THE AMERICAS a

ARGENTINA (par 42.44 cents paper
peso)
Demand ..so.371a so.s7a 44ss
Gables 30.60 $3.50 42.10
BRAZIL fpar 32.45 cents q paper milreis)
Demand 11.o0 1887 241o
Cables ..s,.... .1l.12h 11.00 24.25
PERU (par $4.S6 q pound)
Checks ....,... S.65 3.65 ATS
ECUADOR epar 1850 cents sucre)
Checks ........ 1886 s0.SS
CHILE tpar S6.5 cents a peso)
Checks ........10.50 10.62 2250
URUGUAY (par l0342 cents a peso)
Checks .63.25 63.53
VENEZUELA tpar 1913 cents a boliyar)
Checks 1866 1866
Canadian Exchange--New York funds in
Montreal IA per cent premium; Montreal
funds in New York, I'm per cent discount.
New-York tribune., 1921-06-25
Dividends
Extra

Corn Products Refining Company de-
clared an extra dividend of so cents a
snare In addition to the regular quarterly
dividend of 81 share on the common
stock. payable July 20 to stockholders of
record July 8. regular quarterly divi-
dend of s1.75 a share on the preferred
stock was also declared, payable July Is
to stockholders July s.
Regular
Pay Holders
Rate Period able. OF record
Consoi Gig pf. .1%So @ Sept. l Aug Is
Aeolan Co pf...1%Sc o Jury, 80 June 81
American Cyan
amid pf f......1 NJ @ July q luna %
American Su-
naatra Tobacco 2gs O Aug I,tv TX
Nova Scotia Steel
& Coal pf ~. 2gS @ July Re Iune m
Penmans Ltd. 2% @ Aug. 10 Aug (
do pf..s...... IA % Aug / JnfS 81
Pkillips-J O o s.
Corp pf,.:..1ass Aug. July 20
Fiigrim Mllis...S go @ June 80 juno 25
:. do pf;. So. 90 O June 80 June IS
Pure On 6ss pf.sl so @ July / June is
U s Mtg & Tr. sI @ Juns 80 June 81
Weber Piano pf.1MH Q Juna 90 Jnne af
New-York tribune., 1921-06-25
Bid and Asked

Following are the closing bid and
asked quotations Of stocks listed on the
Stock Exchange in which there were
no transactions yesterday.
New-York tribune., 1921-06-25

Bank Clearings-Ban clearings at
New York yesterday were: Exchanges,
S576, 100000; balances $51,10o,ooo.
Silver-London, 35d; New York, do
nestle, bar, e9Ac; foreign, 5SAc;
Mexican dollars, 44Bc.
New-York tribune., 1921-06-25
Money and Credit

! Cal money rates were maintained at
5 per cent at the Stock Exchange yes
terday. the same as on the preceding
day. Reports continue of easier con-
ditions in the time money market and
Increased offerings are being made.
Yester- Year
New-York tribune., 1921-06-25
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings

fCopyrigh. 1921, New York Tribune inc.l
GTnCKG
New-York tribune., 1921-06-25

I, fsells cents per shars.
Milford chronicle., 1921-05-06
SHAWNEE

Mrs. H. R. Lemex is on the sick
list.
Howard Hager is slowly improving
at this writing.
Mrs. H. R. Lemex and Mrs. G. E.
Newell are on the sick list.
Chas. McColley has accepted a po-
sition with the Peel Construction Co.
at Milford.
Miss Mildred Griffith spent the
weekend with her parents, Mr.. and
Mrs. P. H. Griffith.
On account of the storm last Sun
day there were very few in attend
ance at Sunday school.
Mr. and Mrs. Frank Vibbert, Mrs.
Garnett E. Newell and Miss Margar-
ct Isaacs attended the State Sunday
school Convention held at Smyrna
last Thursday.
There will be an election Of the
Sunday school officers next Sunday.
Everybody please be present. Preach
ing at 300 o'clock by Rev. G. E. Dry
den, pastor. There was a large at
tendance out to church on the last |
preaching Sunday to welcome back
the new pastor. Hope this attendance
will increase.
Milford chronicle., 1921-05-06
MAGNOLIA

Wheat in this community never
looked better than it does at thi.
time. 1t looks as if we shall have the
best yield for many years and one is
beginning to hear much speculation as
to what the price is likely to be.
Our farmers are beginning to plant
corn although the ground is still quite
cold.
The cool, chilly weather is impeding
somewhat the growth of asparagus,
which is about all as yet that our
people have to get any money out of.
This crop, however, is bringing a fair
price.
Miss Elizabeth Mensch who was
elected by our Sunday school to at
tend the State Sunday School Conven-
ton held last week in Smyrna brought
back most excellent report.
Our Epworth League will hold a So
cial in the lecture room of the church
on Friday evening. of this week. Ev-
cry one is invited to attend and we
are all looking for a general good
time.
Several of the members of our To-
cal union attended the county con-
vention of the w. CT. U. held in
Wyoming last Wednesday.
The Ladies Aid met on Friday ev-
ening of last week in the lecture room
of the church in regular session.
Among other items of business an /
election of officers for the ensuing
year was held. Mrs. Geo. w. Collins
was elected president; Mrs. VIM.
George was elected secretary and Mrs.
E. S. Wyatt was elected treasurer.
A new feed store has been open
ed in town by Out-of-town parties and
John E. Davidson has been put in
charge.
Mrs. Hettie Connor and daughter,
Miss Emma have returned home after
quite an extended visit with the for
mer's daughter, Mrs. B. D. Lodge of
Md.
Mothers Day which will be next
Sunday will be appropriately observ-
ed by our Sunday school.
Mr.. and Mrs. Rodney Warren are
receiving congratulations on the birth
If a son.
The Board of Trustees of Magnolia
church met in regular session last
Tuesday evening in the lecture room
# the church.
Milford chronicle., 1921-05-06

Several growers are complaining
that their pea crop is being ruined by
lice. Chester Short, near NAPLES Mill
has had his entire crop destroyed
The lice appear in field suddenly
and within three days the pea vines
look as though fire had run through
them.
The Wesleyan young peoples club
held bake in the Palmer building
on Saturday night.
1t is reported that the Sussex Trust
Company will erect a new bank
building on the lot opposite the bank
ing house now in course of erection
for the Delaware Trust Company.
AT the Methodist Episcopal Church
Mothers Day will be appropriately OBJ
served next Sunday morning. In the
evening the pastor, Rev. H. E. Reed,
viii preach, his subject being North
Africa and the Crescent" illustrated
by sixty very beautiful stereoptican
views of Africa and it's people. The
public is cordially invited to attend
the services.
Louis ClendanieI is repairing his
residence on Mill street.
An unusual number of very small
shad, not much larger than herring,
are being caught in the Broadkiln
River, and fishermen are at a loss to
account for them. Very few full
grown shad are being caught now.
Howard Hastings of Laurel is vis-
iting friends in town this week.
Mr.. and Mrs. Edgar Marvel of Cool /
spring spent the weekend with her /
parents, Mr.. and Mrs. John Clendan- /
iel
A breakdown in the power plant .
has compelled the button factory to
close down for a few days.
Mrs. Cane of Wilmington is the
guest of Mr.. and Mrs. B. Norman Da-
wilson.
A dance will be given in the Fox
Theatre by the young people of Mil
ton on Thursday evening, May 18th.
Special music will be furnished by
IN Out-Of-town orchestra. The public
S invited.
There will be a service of evening
prayer and sermon in st. Johns Chap
Il on Sunday afternoon at O'Clock.
Che Rev. Thos. V. Wingate, S. T. B.,
# Milford, in charge.
Miss Emma Fosque died at the home
If her niece, Mrs. Cassie Lofand near ;
hilton on May End, 1921, aged 72
ears. Intorment at Millsboro Bro
herhoOd cemetery Friday at 2 o'clock,
rev. L. W. Wells officiating. Samuel J.
wilson and Son are the funeral di-
ectors.