davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
Time to Trust and Aid
Each Other, Davis Says
Labor Secretary, IN Talk TO
Business Leaders, Also APP.
peais for Confidence
Mas.

WELLESLEY, Mass, Aug. 29.-Pres
t economic conditions n the United
States demand that business men above
all else trust and aid each other, Sec
rotary of Labor Davis asserted to-day
in an address to group of business
leaders gathered here at Roger Babson
Institute. The Labor Secretary also
appealed for a restoration Of conf
dence.
This is time when men are tried,
some Of them beyond endurance" Mr..
Davis asserted. Each Of US is in
straits Of some sort At such a time
it is human instinct to save self at the
expense Of others. The policy is short
sighted. It prolongs suspense because
suspense is born Of distrust Thi is
time, above ali others when We need t.
trust each other. Even that is net
enough. We must not only trust, We
must help each other.
"ln times of stress each is apt to
fear for what he has. Each is suspi-
cious that the other Is scheming to
take his possessions away. 1t is the
time for conscience, and by that
mean trust and confidence. Nothing
else will help us get going again"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
In Wall Street
A Long, Hard Pull

A leading Wall Street banker, head
of one of the financial districts grea.
lending institutions, was asked yes
terday how he viewed the outlook for
business. II see long, hard pull ahead
of us" replied the banker. "The Trend
is in the right direction but progress is
slow" The banker said that most of
the "soro spots" in the industrial situa-
ton had been cleaned up.
The Mexican Petroleum Investigation
Officials Of the New York Stock Elk
change would make no comment yester-
day on the results to date of the in
vestigation that is being conducted in
an effort to discover the origin of the
mysterious telephone message of last
week. Yesterday was the day on which
Stock Exchange houses were to make
available to the business conduct COM
mlttee all the information asked for in
connection with the investigation
Wall Street gossip, not always reliable,
said that the facts in the hands of the
committee revealed large short inter-
est in Mexican Petroleum on the day
the false news was published about the
dividend. Mexican Petroleum was one
OF the leading features in the days
market, advancing by midday to 9Sls
IN new high for the movement. At
this level the stock shovel a recovery
OF more than IS points from the low
touched on the break of last week.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
May Help Interborough

The break of more than per cent in
PETERBOROUGH Rapid Transit bonds on
the curb market yesterday may IN
crease the response of holders to the
company's proposal to renew the bonds
when they fall due Thursday for ono
year at per cent. The opinion was
expressed in the financial district yes
terday that the company would be able
to meet its obligations if it were able
to put through the note extension. The
plan was approved by the Transit Com
mission early in the month, and at that
time holders were requested to deposit
bonds, beginning August Is, under the
proposed extension. 1t was believed
that about half Of the total of the
issue, $98, 144 400, had been deposited
under the plan. 1t may be that re-
ceivership action will serve to bring
out more bonds and permit the extern
sion.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
Banks Look for Helm

Considerable frozen credit will be-
thawed out If the railroads receive f.
nanciai assistance from the government
IN the opinion of bank officials. 1t is
estimated that banks of the country
are carrying loans of approximately
sS450,ooo,o00 t. $500, O00, 900 that could
be partially liquidated if the funding
blll were approved. 1t is estimated
that $l5o,oc0,00O Of this sum is COM
posed OF direct obligations of the rail
roads, and 1t is believed that debts of
the carriers to coal and supply com
panies amount to $500, 900 900 at least.
1t is probable that banks are carry
ing large proportion Of this debt.
For. this reason interested banks are
hoping that they will benefit from the
funding proposal.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
Weakness in United Drug

Heavy selling came into United Drug
in the last hour, sales for this period
being moro than two-thirds of the
days totals, and the stock dropped tc
new low for the year at 461z Cover
ing by shorts brought about an upturn
later, but at the close there was a net
decline of 3A points. The movement
recalled the severe break Of July, when
the assets OF Louis K. Liggett, presi-
dent, were handed over to three trus.
tees, and revived talk of a possible re-
duction IN dividends when directors
meet for action within short time.
Although it was reported in some quar-
ters that the regular quarterly dis
bursement of 50 would be omitted. it is
still felt by some that dividend will
be paid-possibly 81, putting the stock
on per cent basis There was a
sale Of 100 shares of the first pre-
ferred, per cent stock, at 3o% q
net loss of -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
Preparations and the Exchanges

Brokers who are in intimate tsuch
with the foreign exchange market said
yesterday they did not anticipate any
unusual fluctuations in exchange rates
to-day when Germany is due to turn
over to the Allied Preparations Commits
sion $l85,000,OOO to meet the three
months German treasury bills matur-
ing at this time. AS the bankers pointed
out few weeks ago, Germany is I'M
derstood to have completed all arrange
ments for meeting the maturing obliga-
tons. The bulk of the payment is
expected to be made in London in ster-
ling, but substantial amount, estimated
at $40,000,000, is likely to be made
available in dollars here. Funds turned
over by Germany to the Allied govern
ments in dollars here will, it is said.
be used by the Allies to meet interes St
payments in the United States and for
other purposes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30

Some of the autom obile manufacture
ing companies are reported to be EN-
ploying novel methods in pushing the
sale of motor cars these days. A new
one bobbed up yesterday. The com
pany builds low-priced car, and in
order to speed up sales it has put its
stockholders on a favored list The
stockholders have been sent notices to
the effect that if they desire to buy a
car the company will give them a spe
cial price, which averages about 25 per
cent under the list price.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
Relief From Funding Plan

Passage Of the proposed railroad re-
lief bill would have little effect on
railroad purchases before next spring,
railroad man remarked yesterday.
Had the measure been approved IN
July 1T would have permitted of in
creased maintenance work in the last
six months of the year, he said. but
1T is too late now to change this pro-
gram until next year. Considerable
maintenance work remains to be done
as soon as funds are available. 1t is
estimated that about s500,O00OO0 will
be required to place 10000, 900 new
ties, 100000 tons of rails and 10000
600 cubic yards Of ballast, the de-
erred maintenance of twenty-six
months Of Federal control and this
years total. The repair of locomotives
and cars necessary to place equipment
IN Its pre-war condition will cost ap-
proximately 1892, 100000, it is esti-
mated.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
Fisher Body Earninos

FOR the three months ended july 81
tho Fisher Body Corporation reported
a surplus, after charges and Federal
taxes. OF $l212,236, equivalent. after
allowing for preferred dividends, 20
*16V share earned on the outstanding
oovt"V snAres OF common stock ut no
Ear value, compared with s2,22l553. or
$4.23 a share earned in the corresnont
irg period Of the preceding wear rirt
earnings. after repairs, maintenance
and depreciation, amounted TO sl720
e4S, against $3,e73, g42.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
Baltimore G. Ohio Earnings

Striking improvement in earnings
was shown in the July statement of
the Baltimore e. Ohio, issued yester-
day. The figures came as a surprise
even to those who looked for better
things on the strength Of The Tribune's
forecast of July earnings two weeks
ago. The B. g. 0. turned deficit of
900 in July, 1920, into a surplus
of more than 100000 this year. AL
though the improvement over June was
not SO pronounced, it was important
IN view Of the circumstances. Net
revenue increased from s1,23s 900 in
June to S2,933,OOo in July. Another
important feature was the increase IN
gross earnings, which advanced from
S16,316,0o0 in June to S16,538, 900 in
JULY
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
Minnesota Bank Closed

ST PAUL, Mimi, Aug. 29.-rne
Farmers and Merchants State Bank O.
Marietta was closed to-day and taken
over by the State Superintendent o.
Banks. Depleated reserve was given as
the cause. The institutions capita
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
London Metal Market

LONDON, Aug 29-Standard copper.
spot. SOS; futures. G6S rs Cd; electro
lytic, spot, $40 los: futures, f72 los:
tin, spot, f15S Is Sd; futures, f165 rs
Cd; lead, spot, f23 Is Cd; futures, s22
15s; zinc, spot, f24 l5s; futures, s2b
Ia sd
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
The Dollar in Foreign Exchange

Demand for bills of exchange on
European centers caused moderate al
vances in rates here yesterday, ster-
ling advancing to 1910 for cables on
London, net gain Of 1A cents.
Dutch guilders were in demand and
advanced almost to 81 II cents. Swiss
francs advanced above II cents Other
european currencies were generally
firm, although marks held around IFS
cents,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
New York Metal MarLe,

On the New York Metal Exchange tin
was quoted at y2e bid for spot 10 Sep
TENDER. Copper offered Mt IL cents. all
positions. Zinc dull at $3.50 for SPOT;
ksSt ". Louis dull; spot and August.
$40; SeDt<mber, Sl.25, all asked lead
spot 70 Bepsember offered ut TAO;
! Est st. Louis. sts35 asked for all posi-,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30

PARIS, Aug. 29.-Trading was quiet
on the Bourse to-day. Three per cent
rentes Sc francs 75 confines; exchange
on London az francs 81 confines; 8
per cent loan 81 francs Is confines;
the dollar was quoted at IL francs ST
centimes
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
Moline PIow

Western Interests participating in
the plan for reorganization of the
Moline Plow Company are scheduled
to meet with the New York banking
group this week and it is expected the
finishing touches will be made at that
time: Among other things. the plan
involves an extension of certain obliga-
lions Of the company due on September
l, so that it is the hope of the organ
lzntion committee that the whole
matter will be cleared up by Thurs
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
ocripps-Booth Company Sued

BOSTON, Aug. 20. "A bnnj,rnntcv
petition against the Scripps Booth
Motor Car Company, Of this CITY. wsr
filed IN tho Federal court to-dav hv
Joseph Sherman. Sherman's claims
totAled S1t0 ''"a
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
London Market Dull

LONDON, Aug 29.-Trading was dull
on the Stock Exchange to-day Bar gold
was quoted at Ills i'd; money was
loaned at 81 per cent. Discount rates
were: Short bills, 45sM4 11-16 per
cent; three month bills, 4A(G413-16
per cent. Closing quotations on stocks
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30

uRUGUAY (par ~ cents pcso)
Checks ........65.75 G7.25
VEN Ell Ella (par 19.3 cents a bolivar)
Checks .........15.55 1855
Canadian ENchange-Ncw York funds in
Montreal, OK per cent premium: Montreal
funds in New York. 94a per cent discount
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
Bid and Asked

Following are the closing bid and
asked quotations of stocks listed on thu
Stock Exchange in which there were
no transactions yesterday:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
Imnerial Bank Statement

BERLIN, Aug. 29.-The statement OF
the Imperial Bank of Germany as Of
Au424st % shows the following
CHANCES in marks:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
Money and Credit

Call loans renewed at s per cent on
the Stock Exchange yesterday and held
at that figure all day. Government
withdrawals to-day will amount to 49,
100000. Withdrawals Thursday will
be $4,000 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30

Bank Clearings-Bank clearings at
New York yesterday we're: Exchanges,
S3O2,3oo,o00; balances, s42,600,0 900.
Silver-London, S8Ad; New York
domestic bar, 99Ac; foreign, 62ssc;
Mexican dollars, 477sc.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
Record of Stock and Bond Averages
Stocks

(Copyright 1871 New York Tribune Inc)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-30
Transactions Yesterday i'm Listed Stocks
Summary of Stock Exchange Dealings

(Copyright, 1921, New York Trlbune
Stocks
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-05-25
ADMINISTRATION ASKED FOR
SPONSORSHIP OF HARNEY'S
SPEECH AT PILGRIM DINNER

Washington. May ?5.--Ambassador
Harvey's Pilgrims dinner speech In
London. came In FOR further Discus
sion In the house Tuesday, Represen-
iative Flood. Democrat, virginia, in
Producing resolution proposing to ask
Secretary Hughes II certain statements
attributed to the AMBASSADOR were
official utterances." delivered by in
structions. or whether they had been
approved by the department.
Mr. Flood wanted to know parti'
cularly whether Mr. Harvey was
"voicing the sentiments and policy Of
the United States government" when
he was quoted as having said that
"the declaration that war aetween
England and the United states has
ceased to be conceivable. Is no more
than an assumption" or again when
he said
Not few remain convinced that we
sent our young soldiers across to save
this kingdom. France and Italy. II
was not fact. We sent them solely
10 ave the units Of America and most
reluctantly and lagrardly at that" also
when he said.
We are not too proud TO fight. what
ever that may mean. We were afraid
nc, TO fight"
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-05-25

president of the Carter County F.rs
Fair association. Mr.. Colbert has been
active IN the cotton association moys-
ment from the beginning.
p. w. Vaught Of Holdenville, Is the
member elected from District No. g..
P. +. Goddard was the other candidate.
Mr.. Vaught has lived in Hughes
county for the past ten years. He is
president Of the Hughes County Fair
Association. He was active in the cot
ton organization work in his county and
was selected as a member Of the TEN.
porary board OF directors.
Alex S. Foreman of Sallisaw carried
District No 2. His opponent was w.
l.. Blggs of Muskogee Mr.. Foreman
as postmaster at Sallisaw for several
years.
A. @. Henson Of McLoud Is the
member elected rom the tenth district
comprising the counties Of Oklahoma
Logan, Payne, Lincoln, Pottawatomic
and Seminole. Mr.. Henson has been
resident of Oklahoma since 1900. HI
/ 10 ~ dNNANeil 'bANOll anu dlSl
holds a cotton classers' certificate from
Oklahoma A. & NJ college, having
taken a two year course in agriculture
along with his four children
Carl Williams, editor of the Oklahoml
Farmer Stockman, was appointed b!
President WhItehurst Of the Oklahoma
state board Of agriculture as the elev
enth director to represent the genera
public in the association. This wa
in accordance with a provision In tn,
association agreement.
Mr. Williams was chairman Of III
executive committee. Of the organza
tion committee, and a member of IN
executive committee of the temporar
board. He has been the leading spiri
In the cotton association movemen
from its inception, being one Of tn
first to see the possibilities Of wha
Is now coming to be generally kow
as the Oklahoma Plan"
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-05-25
R. E. L. MORGAN, FORMER ARDMORE
MINISTER, TALKS ENIERTAININGLY OF
EDUCATIONAL INTERESTS OF CHURCH

in store, haul lumber or hold any
other Job six days a week, but who
fills a pulpit on Sunday OF course.
these men are a big help I'VE couldn't
get along without our supply preach
ers; every district in every conference
OF our church has them; but the fact
is these communities want regular
pastors, they are willing to pay regular
pastors, and 1t is up to the church TO
furnish them. But we will have to
train them before we can furnish them
and to train men for the ministry Is
one Of the big detectives Of our drive" +"
During the campaign week state
headquarters here. sol Security builo.
ing. will receive wire and telephone re-
ports from every district in the state
as to the progress made each day. 1t
will also receive reports from other
states.
at is possible that some state
maybe Oklahoma-will reach its goa
Sunday night the 29th,' Mr.. Morgan
said, 'and If so the good news will b.
flashed to all parts Of the state to b.
announced at that evenings regulo!
services. And then there is likely t
be some old-tme Methodist noise com
monty known as the shout"
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-05-25
RAILWAY EXECUTIVE TELLS
OVERTIME STORY TO SENATE
INVESTIGATING COMMITTEE

Washington, May 25.-Howard Eli
ott chairman OF the board OF the
Northern Pacific railroad described 10
a senate investigating committee. some
Of the extraordinary wage Increase,
which he had said resulted from the
national wage agreements
"In New England terminal he
said. Italian laborers had been custo-
marily employed to inspect locomo-
tive front ends. receiving % cents an
hour. They were re-classfied as boil
ers markers, entitled TO wage OF So
cents an hour. On long hour basis,
they were entitled 10 a wage OF $50 4
week"
An agent at o small station was paid
$3.50 a week prior TO January I, 1915,
and now receives $50. the witness said.
A rule requiring day shifts 20 start
work between : a. m. and p. m, he
added. worked out to give a car In
spector SIS day. instead OF s3.75, be
cause he had TO report at Gas O, m.
to look at wheels OF one train which
started cut before the regular work
hour.
A yard engineer under q rule got
81 for 10 minutes work. he claimed
To determine the day rate OF wages,
Mr.. Elliott said, under the agreement
the annual salary Of given man was
divided by 900. Clerks formerly earn
ing s3.o6 q day. by application Of the
rule. got their pay increased 10 over
S. A fireman for throwing single
switch daily. got |l.sl extra pay h'
said.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-05-25
WALTER COLBERT ON
DIRECTORATE STATE
COTTON ASSOCIATION

Oklahoma City, May 25.--The "a 900
members of the Oklahoma Cotton
Growers association has completed the
last step in their final organization
when they elected permanent direc-
tors. Upon this group Of men devolves
the responsibility of getting under way
what is said to be the largest farmers
selling organization ever proposed in
the history of agriculture
Tellers representing each of the
ten districts into which the state had
been divided for the purpose of rep
resentation on this board We're busy
Monday afternoon counting the post
card ballots which have been pouring
into the Oklahoma City office of the
association since May l2 The voting
closed at 10 a. m. Monday
In district No. !, G.. w. Snider OF
Louis, was elected over Ben Crawford
of Olustee. Mr.. Snider homesteadej
a claim in Harmon county in 1889. He
has been for sixteen years president
Of a farmers gin in Harmon county,
He Is the father Of II children, one
less than his opponent, Mr.. Crawford
who has a family of 12 children.
H. f. Warlick of Mangum, is the
director elected for district No. q His
opponent was w. p. Turner OF Sweet
water. Mr.. Warlick is one Of the EARL.
est settlers in Western Oklahoma, set
tling In that section Of the state q
years ago. He Is vice-president Of 0
farmers cooperative elevator at Man
gum.
; w. s. Drumm Of Frederick We:
elected for District No. 3. receiving {
majority Of the votes cast In that dis
trict over his opponent, George =
Penn. Mr.. Drumm is president of tn,
.Fllman County Free Fair association
president of the Tillman County Poul
try association. and director of tn
, Frederick Chamber OF Commerce. II
also served four years as president o
, the Tllman County livestock associa
? ton,
John A. Willard VI Fort Cobb wa
) chosen to represent District No.
, The other nominee for this dstric
/ was o Fl, Filing Of Lawton. Mr.. VIII
lard Ia q practical farmer and cotto
D sIONtIs ne - pIOlutI VI lHr IL
, nous fighting Jess willard
A. f. Duke of TerTal. was electe
from District No. 3. He was oppose
a by Theodore Slower OF NARROW. Nj
Duke Is a real farmer and was one o
= the leaders in jefferson county durin
, the associations organization car
= paign.
e r. c. Kennedy of Pauls Valley, wa
y the choice OF the members In DistriC
n No. g. The other candidate for tn
district was F.. Duffy of Lexington
?, Mr. Kennedy ls an actual farmer. II
o was chairman OF the Garvin count
@ organization committee during III
Il membership campaign ana has bee
c serving as n member Of the temporar
board OF directors.
s Walter Colbert OF Ardmcre VI
I. elected in District No Z. He We
S opposed by r. NJ. Phillipi OF sope
Is Mr.. Colbert was chairman Of the sta,
o o. Suns't.7a committee OF the OIL,
e Roma Cotton Grower association IN
was a member OF the executive cor
a mittee Upon the dissolution OF tn
" committee he was named as chairma
II CT the temporary hoard OF dIrtc:o
y aud Is also q mcmte. OF the eSecuti'
x committee OF tha, board. He is ~
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-05-25
The Committee Couldn't
Refuse Request Of Mrs.
Church, is the Report
Of Secretary Barron

Mrs. Minnie y. Church, county
ron, secretary Of the Chamber Of
Commerce, have returned from TuI-
sa where they attended the meeting
Of the executive committee Of the
state poultry association, securing
the next state convention of the as
ISOLATION which will be held Decem-
Der 6.14 for ArdmOre.
"The members Of the committee
Just could not refuse the invitation
extended them by Mrs. Church." Mr..
Barron states. "She was the only wo-
man present, and in her usual pleas
ing convincing way, told the commit
tee Of the claims Of the southern
part Of the state and Of course they
gave 1t to her"
Mr.. Barron states that the state
convention Of the Poultry Associa-
tiOn should bring 1900 people to Ard
more. exclusive Of citizens Of nearby
communities.
This also means that we will
have exhibits here from Kansas,
Missouri, Texas, as well as from
over the entire state of Oklahoma
Mr.. Barren said. "and / have no
doubt but that 1t will be the best
state show In this part Of the coun'
try as il follows Immediately after
the Kansas show, which will only
tend to give the show here an ad'
ded impetus.