davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-06-21
BROKERS STILL TO
TRADE IN BROAD ST.
New Curb Market to Take Out
side Trading Place Of
Old Association.

When the New York Curb Market
Association begins business in its new
home on Trinity place on Monday morn
ing its place on the Broad street pave
ment will be taken by new oryaniza-
tion, the Curb Stock and Bond Market
OF New York. Inc. 1t was chartered In
December and It's officers and commit
tees were named, but has done practi-
cally nothing, awaiting evacuation OF
Broad street by the old curb association.
A meeting OF the new corporation was
held yesterday afternoon and details for
its operation when the parent organiza-
ton leaves. It to look after itself were
worked out.
Several innovations will mark the be-
ginning Of trading In Broad street on
Monday under the new regime. In the
first place. the new market will trade
not only in stocks and bonds, but also
In foreign exchange and insurance risks.
Its members will sell Lloyd's insurance
risks and those members will be under
written or backed by the association it
self, according to information made pub
lie yesterday The question as to
whether or not the city Will permit trad
Ing In the street once the Curb Associa-
stood to have been settled. The new cor
poration's charter. 1t was said yesterday.
was laid before Mayor Hylan. Police
Commissioner Enright and other city
officials, and they agreed to recog-
nize II and permit the market to exist
In the street as long as 1t should be con-
Quoted in decent and orderly manner.
The new corporation starts with O
membership Of $50 and its membership
fee has been fixed at $100. Because of
desire on the part of the corporation
to obtain new members it has been de-
cided to permit any properly sponsored
for membership who Is short OF funds
to become q member on payment OF 81.
the balance to be paid on the instalment
plan. Only the secretary Of the new
association, 1t was said. will know the
names OF any members thus indebted.
A regulation OF the new corporation
will prohibit trading by its members
with any brokers who are not members.
Thirty applications have been received
for listing the securities OF corporations
which have not been traded in. In adj
dition. II was said, all stock traded in
now will continue to find a market in
Broad street regardless of whether the
old Curb Association has taken them in
side.
The officers OK the new association
are Thomas A. Cook. president: Willlam
G. Ralston, e-president III. L. Casey.
secretary, and John w. Won der Lelth,
treasurer.
The New York herald., 1921-06-21
CERMANY'S PAYMENT /
SENT EXCHANGE DOWN
Commission Required install
nenf in u. S. Dollars.

WASHINGTON, June 20.--Act!or OF the
Reparations Commission in requiring
the payment OF the recent instalment
of the German Indemnity in American
dollars caused sharp drop in Ameri-
can exchange. Secretary Hoover said to-
day. and 1t resulted in damage to trade
Of the whole world.
The Secretary explained that the nec-
essary conversion of this country's bal
ances In other countries and the pur-
chase by Germany Of dollars here had
unsettled exchange and that wheat and
cotton prices had been unfavorably af-
fected. He declared that the Repara-
tions Commission should not pursue
such policy again. suggesting that the
commission Fix rate in allied currency
for the indemnity payments or that the
purchase Of dollars be carried on over
q considerable period to obviate the sud-
den transfer OF large sums with its uii-
desirable effect on the dollar rate.
Although Mr.. Hoover did not discuss
the question of this Governments maxi
ing known it's attitude on the matter to
the commission. officials were Under
stood to believe that the desirability OF
change In the method OF payment
would be brought to the attention Of the
commission
The New York herald., 1921-06-21
CONSOLIDATED EXCHANGE.

There wos an excess OF supply in
about all groups on the Consolidated
stock Exchange yesterday, resistance
being limited TO few of the Pan-Amer-
lean oils and specialties during the first
half period. Ensuing iosses In the ac-
tive Industrial shares ranged from to
more than points and in the rails from
. to per cent Return OF call funds
to per cent basis induced temporary
rallies, but the trend reverted to lower
figures In the late trading, numerous of
the properties hardest hit ending at or
near low marks for the day and year.
Declines OF 6Z In General Asphalt to
44i5, 6n In Mexican Petroleum to 1o3.
5M In Famous Players to 52E. 5% in
Baldwin Locomotive TO 6sN and 4 u In
studebaker to soss were outstanding
features.
United States Steel yielded 2sl at the
minimum TO 71A. Crucibie ga to 5sTs.
Bethlehem Bteel B 2N to 4sM. Royal
Dutch 4& TO 4eE, Houston Az to
SAY, Sinclair az TO 17%, American
woolen Ia TO 6s, Sears-Roebuclk 2M
to 6eis, United Fruit az to SO. Con-
tincntai Can 3& 20 <4N. American Can
2ss to 23& and Endicott-Johnson 3 to
55h..
American international moved down
"a to 3sn. Marine preferred 3N to
55h, Atlantic Gulf 1 " to 1915, Amer
lean Sumetra SN TO 40K. Canadian Pa
cific to f00M, Reading ~ 10 So
Southern Pacific 2A to ss&, Union
Pacific az to 111k, Rock Island az
tn 25 Y, Baltimore and Ohio 2M 20 49,
Northern Pacific az to s4E, Atchison
as to ssis and Missouri Pacific to IL.
The New York herald., 1921-06-21
lNTNL. FUR EXCHANGE
IS TO BE LIQUIDATED
Bankers Write OFF Part OF
Obligation as Loss.

The International Fur Exchange, hav-
ing sold all of its branches to two cor
porations, organized in st. Louis, and
being stripped to its receivables, stocks
OF fur and claim for S2,500, 900 against
credit insurance company, is to go
through O long and gradual process OF
liquidation. The bankers interested in
the company generally have written off
as q total loss 25 per cent. of it's obli-
cations to them. the Guaranty Trust
Company, for example, charging $780,
600 to its profit ond loss account.
Although II Is believed that the write
off covers considerably more than the
loss which will be realized eventually.
the directors OF the Chase National Bank
took an ultra-conservative action in
writing off so per cent. or $4,000. 900, as
charge to its profit and loss account.
The corporations liquidation Is going
to take a long time. In fact, it may
not be cleared UP for two years or more.
The New York herald., 1921-06-21
NO MEX. PET. PROBE IN SIGHT.
investigation OF Trading I'm stock
by Exchange Not Expected.

The committee on business conduct Of
the New York stock Exchange has not
made, and IL not contemplating at this
time. so fer as can be learned. an in
vest.gation OF the trading in Mexican
Petroleum shares, which in the last few
days have declined nearly 60 points.
Rcmors that New York Stock Ex-
change investigation was under way
with the view Of discovering IL the re-
cent heavy selling was the result OF an
organized effort on the part OF bear trad
ers 10 depresg the market value OF the
shares have been rife.
The committee. sometimes called the
police committee. is always watching the
market In my shares which are unusu-
ally active or exceptionally prominent,
and In the course Of it's operations the
market in Mexican Petroleum In recent
days has been carefully watched. That
the committee. after looking over those
transactions has not begun an investi-
cation is taken In most quarters 10 In
dIcate that II has found nothing irregu-
lar in the trading and nothing which
would warrant a probe.
The New York herald., 1921-06-21
COFFEE.

The range OF prices in yesterdays
coffee futures market follows:
The New York herald., 1921-06-21
KANSAS CITY SOUTHERN GAINS
Gross Receipts in May increase
SfOO,sSS In Year.

The operating results Of the Kansas
City Southern for May show a Surplus
equal to - per cent. annually on the
S50,000.000 OF its common stock. after
meeting the regular 4 per cent. dividend
requirement on s21.00o.000 OF its pre-
ferred stock. IT'S net earnings for the
first five months Of 1891 were ut the
annual rate OF 5.3 per cent ON IFS COM
mon stock. after deduction OF its pre-
ferred stock dividend.
The roads gross receipts for the month
were $1,s27,9so, an increase or s10s,75S
compared with those Of May, 1920. when
improvement began. following depressed
earnings, due to the switchfnen's strike
In April Of that year. An increase of
s1i2.642 brought it's net operating in
come to S3S7,379. Tho company's net
operating income for tho Ave months ag-
gregated s2.054.95s. or s80p,5ss more
than that OF corresponding 1920 period.
It's operating expenses totaled IN the
first Ave months OF 1920 s6,T9s,6S0, an
increase Of $3o2.135, and It's gross re-
ceipts, S0,275,510, contrasted with S.
o41.773 in the corresponding months of
1920.
The New York herald., 1921-06-21
OPENS 42D STREET BRANCH.

The Forty-second street branch OF the
National City Bank at Madison avenue
opened yesterday. A trust department
IN one of its functions. The bank will
handle investment matters through the
National City Company. II has safe
deposit facilities made available through
the National City Safe Deposit Company
with offices below grade. Thomas A.
Reynolds. vice. president and former as
sihtant cashier OF the National City
Bank. is the principal executive officer
Of .hc branch Associated with him are
Robert Forgsn and HILLARY w Luoke.
assistant presidents.
The New York herald., 1921-06-21

ss.5o Runs. ss,3os, average. 1890.
Shipments. 4c.sTo: average. i5.7ss
The New York herald., 1921-06-21

The Hanna Furnace Company
First Mortgage 80 Sinking Fund Gold Bonds
Dated rme 1871 1925
; :;: % e. + = rss II; $3.50 1900 s: s 4 :$ Y s % = =
This rmnrt"nh Aunm refunded
h Ham. Coz Cleveland Ohio
hesas nes isnsrse s:4 to - S - ~ =" " A " '"'s " '0 COMPANY
aFunrc
@aS na sns Sn M T I
% @ ss ] % ss ass s s sso d. & sS s ss sos r I
as cnps s d % Gs % % mns % Ky % sea T Z companies @ ~
@ aas ass sS sss % ss @ % ssaae n % % s % % %
principal interest and sinking r Sansd by endorsement " each bond by M
Organized 1885 & the late Senator M m and and ,ss % = sales % and
geceC g1e .a%s %as OF aS as sp ae Pig % iron % @ ~ ~ tonnage rom ~
Of
Hsnna
~ ~ company
r.: r. % @ = :: sss M % ss ; s% % ; ;s
mortgage Of
% % s' & % es s5so S: a % % % sss % %
.s ~ ss u: s: ss ss % s % ] % %
Price eeh and Interest
Dillon, Read e Co.
The Union Trust Company, Cleveland
The New York herald., 1921-06-21
CABLES.

Rio futures we're 20 rels higher TO s5 reis
lower over tho local holiday. Dollar rate
advanced 900 refs, TO $500 and exchange
tsss and stock es4. 600 bags. Santos futures
1900 bags and stock 2,s7o,o0o bags. Re
osipts ut the ports were 4e, ,00O bags, against
22.000 last year and $4,000 two years ago.
$4,000, and Jundahy $1,000. against 1000
and 5000 bags respectively. Rain was re-
ported In two districts of Sac Paulo, show
cry In two and cloudy In one. with tempera-
lures ranging from 20 to 0i degrees. Cleared
from Santos. 1900 bags FOR New York.
The New York herald., 1921-06-21
LIBERTY EXCHANGES.

The Federal Reserve Bank OF New
York has notified banks and trust COM
panies that after June 30 It will discon-
tinue the practice of sending 70 qualified
repositories OF public moneys perma-
nent Liberty bonds on consignment to
facilitate exchanges by them OF tenn
porary Isibertys for permanent ones.
with that exception the exchange OF
permanent Libertys for temporary ones
will continue "a before
The New York herald., 1921-06-21
FOREIGN MARKETS.

LONDON. June 20.-Bar gold 1oss. Id. /;
money. AZ per cent Discount rates !:
Short bills, 5ss per cent. three months
bills, 51s per cent.
PARIS. June 20.--Prices were firm on
the bourne to-day. Three per cent
rcntes, sec. 55c. exchange on London.
4Sf Ice. five per cent loan, s2f. zoe. !:
the dollar. 12f. f4hc.
The New York herald., 1921-06-21
BID AND ASKED QUOTATIONS
y. \. STOCK EXCHANGE QUOTATIo,

To the following prices accrued interest Is
20 be added In every case:
r>ORfrICN BONDS
The New York herald., 1921-06-21
DIVIDENDS.

Stock or Pay.
Central Coal q Coke Co,
a, si.5o. :. ......... June 30 July !
Central Coal Coke Co.
pf., a., 20. ...............Ju June 10. July I
y. w. Griffith. Inc, a.
Doc. ..................... July July z
'si.7S ..u................ 80 ...Juue IS July /
Keystone Finance Corp. pf.,
a., $f.T5....4ss...s....... June 20 July
% mo-. Zoe. s. ......s....... NV. .yuns aS July
National Equitable Inv. Co.,.
pf.. a., ,t2................J June 20 July
Panhandle Pr. RfE. Co.
pf.. a., s2...........,..... June 20 July !
Wisconsin Edison Co, si.... 49,. juno OK
The New York herald., 1921-06-21
FINANCIAL NOTES.

rnc Sonora monograph Company declared
yesterday a quarterly dividend OF . per cent,
payable on July 4. The books will ciose on
June 20 and reopen on July ..
The New York herald., 1921-02-13
FIFTY ANCIENT SKULLS
FOUND IN PHILIPPINES
Believed to Belong to Prehis-
'foric Immigrants.

MANILA, Feb. 12.-Nearly fifty skulls
believed TO have belonged 60 people who
inhabited the Island OF Masoate, one OF
the Philippine group just south Of the
Island of Luzon, at much earlier per-
iod than the present Filipino race, were
found in cave recently on that island
by DIR. W. d. Smith. chief OF the mines
division of the Bureau of Science OF the
Philippine Government 1t is the belief
ct DR.. Smith that the location Of the
cave was not known to the natives Of
the island, being far from any habita-
tion.
Besides the skulls many primitive I'M
pliments of carpentry and warfare were
collected and brought to Manila. These
consisted of stone hatchets, axes, scrap
ers pipes, pots and strange amuiets.
Deer teeth and shells were also found
in The cave, leading DR.. Smith to the
conclusion that the primitive cave dwell
ers lived by hunting and fishing.
Prof. II. O. Boyer OF the Anthropo-
logical Department of the University OF
the Philippines, who has the skulls and
other relics brought from the cave, ex-
pressed the belief that they belonged to
the early Indo-nesian peoples. who emf
grated to the Philippines In. prehistoric
times. Some Of the skulls also We're
found to be artificially defornied. a Gus
tom Of deforming the head artiheiaiiy
having prevailed in some parts OF Eu-
rope in very early times.
The New York herald., 1921-02-13
DAILY MASS AT NOON
FOR LENTEN SEASON
Varied Programme Is An
nounced for St. Pofrick's.

The Right Rev Mgr. Michael J. La
velle. rector Of st. Patrick's Cathedral,
announced yesterday that the programme
OF Lenten services will be more varied
this year than in any previous season.
There will. for instance. be daily noon
day mass at 1915 p. NJ i'm the Cathe-
dral during the forty days OF the peni-
tential season. 1t is expected this SER
vice will attract those who work IN the
neighborhood and who find IL incon-
venient to attend mass in their home
parishes.
Another feature will be n series Of
sermons at the high masses during Lent
by the Rev. James NJ. Gillis. motel Paul
let missionary. Tho first Will be given
to-day. on Tho F1awless Character OF
Christ" The first of the Lenten vesper
conferences by the priests of the Cathe-
dral will take place this evening. wnen
the Rev. Francis A. Fadden will talk on
Striving for the Mastery"
For the convenience Of business poo-
pie who are unable to attend the SER
vices at noon Mgr. Lavelle has ar
ranged for special services on Thursday
nights during. the season. The Rev.
Henry f. Hammer will be the preacher
on this coming Thursday evening. He
has chosen for his topic Subsidies"
The causes and remedies OF sin will
be treated by the parish priests on the
Tuesday evenings Of Lent, the first he
ing scheduled for next Tuesday evening,
when the Rev. William y. Martin Will
talk on THE Nature of Sin"
The New York herald., 1921-02-13

another pocket, however. they found a
license permitting the man to tote the
weapon.
The New York herald., 1921-02-13

sociation has a comprehensive pro-
gramme of relief How much will be
done or how closely its suggestions will
be followed ! do not know, but IL LIS
clear that we have here one OF the most
important problems of the present Leg
islature.
The child welfare organization has an
elaborate and carefully worked out pro-
gramme OF reform which Will be pre-
sented. While il may be unwise to
attempt at this time to carry out all OF
its suggestions. l trust that a good be-
ginning viii be made in this direction.
Another important matter which is
sure 10 receive favorable action is the
rehabilitation of our National Guard
and its maintenance as an effective in
the national defence programme OF the
United States Government
The most important matter (not re-
quiring appropriations that Is likely 20
come before the Legislature in the prob
lem OF saving the trolleys. Some relief
may be given by taking from the trolley
companies the burdens they have been
carrying that are not properly connected
with their services as common carriers.
But 1t is the trolley jitney phase Of the
situation that is the most serious and
the most difficult to meet. In one State
this has been met by requiring the jitney
owners to organize. purchase the fran
chise for specified routes and assume
full responsibility for rendering a def1n-
ite service. Whether such solution is
practicable i'm Connecticut am not pre-
pared to say"
The New York herald., 1921-02-13
BROOKLYN ENGINEER
MISSING ONE WEEK
Winfield Cook Disappears Az
ter Leaving Steamship.

Tho police. relatives and friends are
searching for Winfield Scott Cook OF
$50 Throop avenue. Brooklyn, who dis
appeared last Sunday afternoon while
on his way home from Manhattan.
Cook was chief engineer OF the Ward
Line steamship Canaquay. which arrived
here early Sunday morning from Tam
pico and anchored in the harbor. Ac-
oompanied by the pilot OF the vessel,
Cook boarded tug and the two men
.ater parted company at the Nev,ns
street subway station. Cook told his
companion thnt he was going to take
a Putnam avenue surface car for home
where his wife and 3-year-old daughte
we're awaiting him.
When Cook did not arrive his viii o
notified the police. lie had written 10
her from Tampico that no was not feol-
ing well and was going 10 take a rect
upon arriving here. Mrs. Cook traced
her husband to Bloomfield. n. j.. where
on Wednesday last he called at q board
ing house in a dazed condition but only
remained there q few minutes.
The missing man Is 35 years old. He
wore a grayish black overcoat and blue
suit. dark tan shoes and soft brown
nat. lie is feet inches IN height
The New York herald., 1921-02-13
BROOKLYN LEADERS
OFFER PRIMARY BILL
Complete Revision Of Election
Laws Sought-Saving of
ST, 100000 Promised.

No candidate for the nomination for
Mayor. Comptroller or President Of the
Board Of Aldermen will have any advan-
Itage over another through the backing of
the entire city organization forced over
the protest Of one borough machine in
the primary this fall II the bill backed
by Jacob A. Livingston. Brooklyn leader
OF the Republican organization. goes
through. It has been introduced by AS
semblyman Frederick A. Wells and is a
Icomplete revision of the election laws.
A reduction In the number Of election
officials as provided would save the
State $1,000 900 year. Edward Fl. Will
son, who drew the bill. said yesterday.
The bill psovides for return to con-
ventions for the nominations of State
and Supreme Court officers. All other
candidates will be nominated at the pri-
mary, except that the political organiza-
tons will have the right to name candi-
dates for nomination through their party
committees to be made up Of the county
|committeemen Of the unit involved.
However" said Mr.. Wilson. writing in
the Brooklyn Chamber of Commerce BUI-
lettt, "other party candidates. desig-
mated by petition may get upon the
ballot and contest for the party nomi-
nation with the committee designee upon
equal terms. That is practically the
scheme of the Hinman-Green bill ad-
vocated by Gov. Hughes"
This Is the part of the bill in which
New York Is most interested this year :
with regard to city officers in the
city of New Yorl-that Is. Mayor,
Comptroller and President Of the Board
Of Aldermen--we provide for designat-
ing conventions in each county, each of
which would have the right to put upon
the primary ballot a candidate for these
offices. This might possibly result. Of
course. in five or more candidates In
the primary for each office but the
party electorate would have to determine
then from among the candidates which
one they desired"
Mr.. Livingston is said to fear that II
there should be a city designating con-
vcntion there might be a coalition of the
boroughs against Brooklyn. which he be-
lieves Is entitled to the nomination for
Mayor this year. If man from an
other borough was designated i'm a city
wide designating convention Brooklyn
would have TO support him. II each
borough has the right to designate a
candidate, Brooklyn believes IL could
carry its man against the designation
OF any or all other boroughs because
of the prependerance OF enrolled Re-
publicans In Brooklyn.
The New York herald., 1921-02-13

another pocket, however. they found a
license permitting the man to. tote the
weapon.
Prisoners and Theories.
Two detectives kept the Washington
street place under surveillance all yes
terday and well into last night They
returned TO Police Headquarters with
three male prisoners and several new
theories. They said that at least sixty
men and women came to the house dur
ing the day and evening asking for
Joe" All were searched but nothing
discriminating found. Therefore they
were released. but the three men We're
so shaky and told such faulty stories,
the detectives said. that they ploced
them under arrest. They are Ralph
Moeher. 90, of $50 West Fifty-seventh
street; Joseph Dohnelly. 22, of 156
Sixty-seventn street, Brooklyn. and John
McGrath. 80. of 2a31a North Third
street. Newark. Magher appeared to
be in poor physical condition. The
Donnelly boy appeared to be in ex-
cellent shape. and no drugs were found
in his pockets. All We're held for further
examination. McGrath carried 4 bundle
containing a silk shirt and several
neckties which he said he had pur-
chased in Newark He also had saw
ngs bank book issued to one Annie
Cosgrove. He declared he had found II
in Chambers street Friday night.