davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-10-20
Columbia Gas & Electric

Following the meeting Of directors
Of the Columbia Gas & Electric Com
pany yesterday, a which the regular
quarterly dividend Of 80 a share was
declared, it was announced that gross
earnings fer the twelve months ended
September 20 were $14,854 .O42, an in
crease OF $729275 over the preceding
twelve months. Net earnings after
taxes. and including miscella 3Aou
income, amounted to S9,8l6.l97. +. -
crease of s226,25S. The surplue. after
fixed charges, totaled S4,505 ,4t.s. a de
crease Of S43 ,463 Electric operations
continue to show substantial increas Sc
in output and both gross and net earn
ings," said p. c. Gosler, chairman Of
the board During the coming quar-
ter full electric power service OF an
additional $4,000 klowatts will become
effective. Four rotaries. out of a total
of twelve. ore ~, in service. although
earnings to The natural gas
sales show q substantial improvement
since October l. The general condi-
tions throug ghoNlt the territory in which
the company is operating show decided
Improvement. and there is every rea-
son to expect substantial increases of
earnings in all departments in the
immediate future"
New-York tribune., 1921-10-20
In Wall Street
American Sugar Refining

The statement yesterday of Earl D..
Babst, president of the American Sugar
Refining Company, that the regular
preferred dividend for the current
quarter will be paid had the effect OF
causing q spirited buying movement IN
both the common and preferred stocks
Naturally the preferred had the greater
advance, showing net gain at the
close OF rs points. The common at
51ls was up =. In mis- statement Mr..
Babst said: For the protection Of the
stockholders from the effects of IRE
sponsible rumors persstently circu-
lated regarding the affairs of this com
pany. l wish to say that the regular
preferred dividend for the current
quarter will be paid" Regarding per
sistent reports of new financing, Mr..
Babst said that none viii be done at
the present time. and that if any
financing is done in the early future
it will be merely a consolidation and
funding Of the company's floating in
Gebtedness."
New-York tribune., 1921-10-20
Stock { r'ices
Reflect Rise
In Sentiment
Heaviness in Steel Shares
Fails TO Prevcut Recovery
in Rails TO Saturday,
Level: Less Anxiety Felt

III spite Of hcaviness among the
steel shares the average prices of both
industrial and railroad stocks asceuded
sentiment regarding the untangling
of the prcscn. complicated railroad
situation continued. The speculative
community leaned toward the view that
tie solution OF present critical prob
lens would be rot unfavorable to the
financial position Of the railroads.
Some expect that the conference at
Chicago to-day between the Railroad
Labor Board and the brotherhood lead
ers might yield results. The mean
price of twenty representative railroad
stocks closed at 62.65, compared with
6l65 the previous day. Railroad prices
at the end of the session were back
precisely to the level Of last Saturday
before the strike order was announced.
In the easiness of the steel shares,
which was mitigatcd somewhat by a
late recovery. there was a reflection
of the anticipation OF unfavorable
stories in the three quarterly earn
ngs statements Of the principal COM
panes. That of the United States
Corporation and that OF Midvale will
be published early next week, and the
Republic Iron and Steel report came
out after the market closed yesterday.
Republic shares were the weakest in
the steel group. The preferred got to
the lowest level it reached in six
years Although the showing Of Re
public Is the worst Of any quarter
during this year Of depression, 1t was
scarcely q surprise to those who had
been in intimate touch with condi-
tions. Steel manufacturers, before the
recent improvement, frankly said that
conditions were such that profits were
unattainable. The company revealed a
deficit OF $1,398,41O for the quarter,
but the situation is more favorable
than the report indicates. The i'm
provement of the last few weeks came
too late to count much in the earn
/ irgs for the three months, but il the
present moderate upturn continues
the showing for the next three months
will be distinctly better.
The foreign exchanges, like the stock
market, were irregular. Marks con-
tinue to rebound from the extreme low
level of Tuesday. The depressed prices
induced those who need marks to cover
| trade commitments to come into the
market Moreover. bankers report Ger
many in temporarily more comfort
able financial position, particularly in
view of the substitution Of payne Mt
in goods instead Of cash in the matter
of reparations under the terms Of the
Loucheur- Rathenau agreement.
Improved sentiment regarding strike
prospects helped recovery in cotton
Wheat prices, on the other hand
fuctuating widely between successive
rallies and declines, and closed / u
to 1a4 cents lower.
New-York tribune., 1921-10-20
New European Loans

Details of new Belgian and French
internal loan fotations were received
here yesterday by the New York
agency Of the Banque Beige pour
l'Etranger. The new Belgian issue s
offered under prepared plan for the
consolidation of the Belgian internal
loans. These bonds bear per cent
interest, and are offered at price Of
% francs l00-franc piece The sub
scription books close October %. The
loan is to be redeemed not before Octo-
ber 10, 1891, and the maturity is 1871.
The new French loan carries also 4
rate Of per cent, and is to be offered
to French investors st price of 4S8.5O
francs for 500-tranc piece. The loan
is issued under the supervision Of the
French government by the Credit Ma
tional pour Faciliter la Reparation des
Dommages Causes apres la Guerre.
New-York tribune., 1921-10-20
The Dollar in Foreign Exchange

Foreign exchange rates on European
centcrs moved irregularly yesterday
but in more orderly fashion than on
the two preceding days Of the week.
Sterling recovered after an early
show Of easiness, support coming into
the market from strong sources, and
at the close cable rates on London were
/ - cents higher, at 1892 Is, after being
as low as s3.S91a at one time.
German marks were fairly strong, in
contrast to weakness in guilders and
Swiss francs. Marks advanced to Go Y
Of a cent, against .59i Tuesday. Frenc h
francs and lire were hrmer. Scandl-
navian rates were steady.
New-York tribune., 1921-10-20
Sugar Continues Lower

Announcement of another decline in
the price of sugar by the Federal
Sugar Refining Company yesterday.
this time from $50 to $40 cents a
pound. again calls attention to the
unsettlement in the trade. Prices had
become fairly we'll stabilized at the
5 y cent level until several companies
began accepting orders under their
quoted list, and the open price declines
then began. Prospects of stabilization
are as far distant as ever now with
the time for harvesting the new Cuban
crop fast approaching and the surplus
supplies showing 30 great shlinkage.
New-York tribune., 1921-10-20
Another Chilean Loan

The banking group which recently
brought out the Issue of $9.5OO,ooo
Republic of Chile fve-year per cent
bonds has an option on another block
OF the same amount, it was learned
yesterday. Whether an early offering
Of the second block is contemplated
could not be asceItained. The original
9,50O,0o0 offering was made at price
to yield investors $40 per cent TO
maturity.
New-York tribune., 1921-10-20
Telephone Financing

Reports Of new telephone financing
were revived again Yesterday when tho
ramc of the New York Telephone Com
pany was mentioned as possible Dor
rover of $50,000000. The reports We're
without confirmation, although t is
known that the company is likely to
come into the market before long 70
provide funds for expansion, particu-
larly in correction with the proposed
OF automatic phones for
the present equipment.
New-York tribune., 1921-10-20
United Retail Stores

The recent advance in United Retail
Stores is attributed to plans which Will
affect the company's holdings of securi-
ties and the development of its bust
ness through the acquisition of another
company. Ii was reported Yesterday
that if these plans are carried out
stockholders will receive a special dis
tribution in the form of securities now
held in the United Retail treasury,
which include R. J. Reynolds B common
and possibly a pro rata distribution OF
Montgomery & Ward common shares.
New-York tribune., 1921-10-20
Bankers Acceptances Scarce

Dealers reported yesterday pro-
nounced scarcity of bankers accept
ances Owing to the limited supply
only about one-tentn of the demand
for prime bills could be filed. it was
said. Corporations and business houses
were in the market buying acceptances,
the dealers said, as we'll as banking
institutions
New-York tribune., 1921-10-20

Bank Clearings-B Bank clearings at
New York yesterday we're: Exchanges,
s665, SOC, 900; balances, $4,000, 900.
Silver-London, 397sd; New York,
domestic bar, 99Ac; foreign, 69A c.
Mexican dollars, 53'4 C.
New-York tribune., 1921-10-20
London Market Irregular

'LONDON, Oct 19.-Prices moved ir-
regularly on the Stock Exchange to-
day. Bar gold was quoted at 1O5s I'd:
money was loaned at 2A per cent
Discount rates were: Short bills. go,
per cent; three-month bills. 1916 per
cent.
Closing quotations on stocks wnrn.
New-York tribune., 1921-10-20
Bid and Asked

Following arc the closing bid and
lsHod quotations of stocks listed on the
SUCK Exchange in which there were
40 Transactions yestc crdas.
New-York tribune., 1921-10-20
Money and Credit

Call loans opened and renewed at d y
per cerr on the Stock Exchange yes
terday, but when demand failed to abb
sorb offerings the rate dropped back
to d per cent.
New-York tribune., 1921-10-20
Bank of Germany Statement

BERLIN, Oct. l9.-Thc statement Of
the Imperial Bank of Germany as Of
October 10 shows the following
changes. in marks:
New-York tribune., 1921-10-20
Stocks TX Dividend

Date. Company. = 9
Cct. 2S-Atch. Top Il r Ry...... Ia
OCT xV-IroWn Shoe CO pf. pf.......... y
oct. Si-~corn ExchOnse l3onh.....
Oct 2l~-Fshcr Body Corpn.......... ~
oct u do pr .....,. .............. 4.
Got. zo~-Uoneataks Mining Co.... -
oct zs--Khyr.r ~ Co list pf......... =.
Oct. 20-kolney Wheel pf............. q.
Oct. 2o~~Kress & Co....... .........
Oct. Si--~ Norfolk & Wcst r. nd1 IF
oct ~ fnillilr lOff
Every evening, Wilmington daily commercial., 1921-10-25
IMMIGRATION.

We will repeat what we have often
said. The wholesale shutting out OF
worthy Immigration is base In
Justice In the abstract sense and a
distinct loss TO the country, practically.
Desirable immigration Ia a valuai le
advantage to a country. A sane and
thorough sitting Of the kind of inn
migrants that come into this country
we all approve.
The country's energy should be iii
rected, not AGAINST the numbers OF the
immigrants, but against the quality of
those Who seek to enter this land.
which once was SO hospitable to the
deserving and oppressed. We do not
want the undesirabea. We do not
want the radicals. the insane. the dis.
eAsed. We do not want the criminals,
the exploiters and the temporary so.
journers. but we do want the honest
toiler. tho Industrious artisans. the
thrifty husbands. sons and fathers who
viii come 10 help build up our land and
develop its resources. which Il needs
and which SO many OF its native people
now neglect and shun.
Further restriction OF immigration
viewed from this angle, is a crime
against humanity as we'll as to Ameri-
ca. II Injuries both the applicants who
seek these shores and our United
States as wen. A further restriction
of immigration is a narrow-minded
narrow-sighted policy that must react
to the serious disadvantage of our
country now and in the future The
Modern View.
Every evening, Wilmington daily commercial., 1921-10-25
THE REAL REASON.

In Congress and out Of n there an
pear occasional denunciatinns of the
government or of the Reserve Raok
ing System because there Ia eopst. ~
nehatlon OF our paper currency. The
iaet is undoubted. The current report
SHOWS that there Is IN existence now
almost a billion dollars less IN Federal
lteserve currency than year ago
The reason Is simple. n is because
people are paying their debts. m
Congress or the Agricultural Rloe or
any other meh or institutions ran
iteep the American people from nav.
Ing off their obligations it IS certain
the deilatlon of the currency will stop
Do we want people TO remain In debt
and Imitation TO continue7 The question
answers Itself
Under the Federal Reserve Banking
System II is possible for banks 10 ss-
oure accommodation for their Gus
toners beyond their own ability 20
srpply currency. The notes Of the
borrowers are indorsed BY the local
hanks and redlscounted Mt a Federal
Reserve Bank If the credit Is sufficient
and the paper is eligible under the law.
During the war II was necessary 10
Issue paper money on these commercial
assets. Otherwise the country would
have been able 10 do very little bust
ness. The Reserve Bank makes ap-
9licatlon to Washington for currency
TO meet the ultimate borrowers de-
nand and IL not only pledges It's as
sets but must maintain lot of gold
as reserve. This has been done with
complete satisfaction, so that at one
time the new paper money issued was
well over three millions Of dollars. But
as borrowers pay Off their loans auto
nlatically the paper money ia retired.
There IL no escape from Il and any
thing else would be absurd.
Federal Reserve Notes are not fat
money. They are based on triple Sc.
curity. with heavy underlying gold
reserve which now is almost enough
e cover the entire Issue. There eau
be no imitation of the currency unless
men want 20 borrow much more gen
crously than now or until Congress
passes law putting this country on
par with Germany, Austria and
Russia. Our currency is the only one
in the world worth gold at par. That
ought to be a satisfaction. Those who
persist in imitation must secure--if
they cana law making uncovered
paper a legal tender. We do not think
there is the slightest chance that they
will be able to do SO. Most OF US are
glad to have the purchasing power Of
tie dollar increase.--Ph Philadelphia In
quirer.
Every evening, Wilmington daily commercial., 1921-10-25
COMMUNISTS.

while iun thousand French soldiers
nuhnied Ambassador llcrrick An the
American Emmssy Paris. three ais,in.
nuishod French liiteratours. Anatole
France. Henri nsrhusso ana Ro-
hhino Holland, addressed a screcd "a
liealaeni ilarding asking him 20 par.
duh bartholomew Nansetu ana Mic.
'uih harpu. iwn unnaturalizcd Italians
Whu arp Communists and under sen.
lontr Of death for killing two paw
masters ai south nraintrcc. Mass
Arm o. 1890.
ittnsh Communists threatened Mr.
li'irlcha llfe. ana one sent him n
uuhorhlod lamh which exploded IN his
huin" heoause the United states In
a's'a un punishiHe two men who
niuaali Violated the laws Of this coun-
'ff The impression prevails in Com
mnhlai ranks that demonstrations
AHhlhsl our Representatives. and
'hf,a'a io take their lives. win resul,
'h America Showing clcmcncy to Grim.
lhhlH. nui those demonstrations merely
sef'u W eause us 10 enforce our law
nh lhe more strictly
We understand the extremely In,
rial Views uf Auatolo France. We
hhuw ul ihe radical opinions Of Henri
l'nfhusae and iomaino ROLAND: but
va hfe aHiuundod that those three
ni'n should Join and petition Cor elem.
tn'l ior eriminala when the compa-
ulniH 80 ihuse very criminals are
Hln'minr uur embassy doors. Van
Nr'u nna saoco are not 10 be pun
'th,a tut their Communist beliefs but
inf plain every day murder. Men who
e'me 20 ms country and commit
murder W ruld blood must De- preparea
:" l"f 'he extreme penalty. no mat
~ Nhui their political beliefs are.
~en distinguished Ia ar, and letters
Every evening, Wilmington daily commercial., 1921-10-25
THE FADING STRIKE.

a heavy blow was dealt tho "Bla
Four among the railway unions by
the refusal of 40 many OF the others
numbering fully one-half or all the
railroad workers, Il ls estimnted---to
Join the atrike. These other nnlona
had also taken ballot, and the result
wAs an overwhelming vote IN favor of
q strike. nut their leaders declined 10
order strike. There could be M
clearer evidence that the vote waa
really one TO place the decision In The
hands OF the chiefs who were 10 OK
ercise their best Judgment. This an
plies as well to the heads of the Rie
Four; and oil the indications now are
that they are looking about for tho
bes! time and place and excuse to re.
scind their rash order to strike.
The growing confidence that there
will be ne strike is due 10 several
causes. One Is the gratifying flrmnesa
with which the public stood up against
yielding TO threats whichever way
The union leaders turned, they encoun-
tered a stone wall OF nnpopuiaritv
Furthermore, the authorities an.
nounced their positions. Mayors and
Governors made ready 10 exercise
their full power. The Federal Admins
tration let II be known that II pro.
posed to utilize every lawful ngeney
10 prevent the strike. or TO defeat II
II attempted. Finally, new energy and
decision were from some source.--pra-
numahly Washingon-;njected into ths
l'ailroed labor Board. and at took
mold of the affair with vigor not he
fore displayed.
All these things combined 10 ron
vince the public that the strike orae,
WIZ be recalled before Oct. 40. LIS
original issuance was a blunder. Tbia
IS now tacitly confessed by even tho
leaders Of the unions. n they porsIst
they will be marching 20 an assured
disaster to their own oouse. The wiseg,
ana most popular thing they can now
do Is to submit 10 the Labor poard
that is, to the law--and. call ofr ths
strike.--New York Times.
Every evening, Wilmington daily commercial., 1921-10-25
JUST FOLKS
THOUGHTS AT A FUNERAL.
by Edgar A. Guest.

His cheeks have paled and his eyes are
closed,
At last in peace are,his hands reposed.
Now what is the wealth that he leaves
behind
For the world to know and the age u
find?
The sort of wealth which the old world
heeds,
A lasting record of kindly deeds.
Across the threshold which bears his
name
Never has stalked the demon Shame:
Within the walls where he used to
dwell
Now sit the people he loved So well.
Clean and honest and brave and true
All of them mourning the friend they
knew.
Let the thoughtless smirk and the
cynics sneer.
This humble couch is a great mans
bier.
Mark his children, his girl and lad
Portray the father which they have
had;
They are his gifts. if men understood,
TO the nations wealth and the nations
good.
\ high example is stricken low.
Tnmoved by fashion or pomp or show.
lie lived his life, AT his modest hearth
lie talked of honor and truth and
worth,
And high above, when he closed his
eyes.
The angels whispered; "A great man
dies,"
Every evening, Wilmington daily commercial., 1921-10-25
THE MIRROR OF
PUBLIC OPINION
THE PRESS NOT SICK.

The gentleman who wax not permit
ted TO operate slave market IN
bryant Park allows that the press Is
sick. Tint, says the New York News.
ls the usunl howl on the malcontent.
IL was raised by Gen. Coxcy, who had
led an army of the unemployed to
Washington and back In 1904 or 1905.
Coxey got rich later and began TO he.
lievc that the press was conyalescent
William jennings Bryan was always
waiting ut the press. So was Big Bnl
Haywood
Yet the press, sick or well, has con-
tinued In business and prospered. The
reason that It has prosperod Is be-
cause Its readers have believed I'm II.
Tho readers of any newspaper could,
II they choose. destroy IL over night.
They need only turn 90 one of it's RI
walls, and the newspaper would have 60
put up the shutters and go out OF
business.
As a matter OF fact nlne-tenths of
the newspapers OF the United states
strive 60 tell the truth. They succeed
rather better than one familiar with
the difficulties of the task would be-
lieve possible. Sometimes they exag-
gerate. Sometimes-thouph rarely
they color the news. But the columns
of any reputable newspaper are re-
Election of the times and of the
thought OF the people.
During the war almost every news
paper In the country, Republican or
Democratic. laid aside It's political
prejudices and supported the admins
tration. Their editors had no higher
opinion of the administration than
they did after the armistice But we
were at war, and they were for the
country, and not for any party. Now.
when there is much unemployment.
every newspaper that we have read is
honestly and sincerely trying TO re-
lieve a bad situation.
Every editor at all worthy of his lob
wants TO educate the people as well as
TO mold their opinions. One of them
admitted recently that he wanted 10
print what the people want to read
with a thin mixture of what people
ought 10 read. Most of his co-lahorers
would thicken up the mixture. Many
OF them overdo II, and dullness re-
suits
Taken as a whole. the press is not
only a public necessity. but a public
blessing. Without II ignorance would
be widespread and the people helpless
To do anything for their own prutec-
tion.-Danville (ill.l Commercial
News.
Every evening, Wilmington daily commercial., 1921-10-25
WILD RED JUSTICE.

The attempt upon the life OF Ambas-
sador Herrick i'm Paris was undoubt-
edly an outcome. If Il was not directly
part of, the propaganda of wide scope
designed TO secure the release of two
men awaiting sentence for murder I'm
Masachusettes. IL is typical express
sion of the Red minds distorted no.
/ tion of justice. II is, besides a re-
markable demonstration of the lengths
TO which lawlcss hatred may reach.
The case of Nicola Sacco and Barto-
lomeo Venzetti. convicted of murder
in connection with a payroll robbery.
has been agitating New England for
nearly year. The fight that has
been made to- secure the acquittal of
these two apparently friendless and
obscure aliens has enlisted the aid of
a whole staff Of writer's of wild radi-
car leanings, and has entailed the
expenditure of much money. Just
where the money has come from and
why IL should be poured out so lavish
ly In behalf of these obscure prisoners.
particularly in view of the fact that
they were declared not 10 have been
actively connected with any radical
group, was long one OF the added mvs-
teries of the case. 1t all seems clear
enough now, however.
The Communists and their admlrers
IN this country have seized upon Tho
case of Sacco and Nenzetti To renau,
the hght FOR Mooney i'm California. and
To reopen the battle for the proletariat :
against the recognized authorities Of
law and order. There is lust eno,,,b
uncertainty as to the guilt of these
two men to make the Communist arrn
ment in this instance deserving of
some attention. Judge Webster
Thayer of Worcester. before WHOM,
the trial has been conducted. has adj
mitted that there may have been a
miscarriage of Justice here. and he
has, for this reason, allowed the de-
fense until November / to file excen-
tions In the hope Of appeal. The YER
diet was murder In the first degree. hut
no sentence has been passed.
The defense has able lawyers. and
these are now deprecating the bomb
outrage i'm Paris but they did nothing
to stop the campaign of propaganda
which, as now appears from numerous
dispatches, has spread as far as Rio
Janeiro. II the Reds were sincerely
interested in sacco and Yenzetti their
money would have been better expend-
ed IN strengthening the legal defense
at Worcester. The cowardly attack
upon Ambassador Herrick. who wac IN
no way connected with the case. will
hurt rather than help the-chances Of
the two convicted men.-PhiIadelphia
Record.