davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-06-27
LONDON BUOYED UP
BY BANK RATES CUT
Prospects of Ending Mine
Strike Also Give Conf
dence to Market.
OILS HAVE A REBOUND
BritOns Believe Recent FURRY
Sent Many Canadian Pacific
Shares to U. S.
OILS HAVE A REBOUND

Special Gable to THE New YORK HERALD.
Copyright, 1921. by THE NEW YORK HERALD.
New York Herald Bureau,
London, June s6.
The reduction in the Bank of England
rate from 6 u to 6 per cent. last week
caused a temporary rise in the stock
maket here and great increase of
confidence, which probably will be re-
fiected tomorrow, now that another
conference between the striking coal
miners the mine owners and the Gov
ernment has been called. If the miners
strike Is settled many persons here pre-
dict rapid expansion in stock market
activities. These activities have been
considerably handicapped by the re-
moval of all prospects of a reduction in
taxes this year, due to the long indus
trial stoppages and the recurrence of the
annual difficulties over exchange rates,
with foodstuffs bought in dollars and
little sold in pounds sterling to counter
balance the purchases.
American reports about Mexican oil
fields had an important effect on the
market here; whereas In the week be-
fore last the reports that the Mexican
fields were failing sent prices tumbling,
with the result that timid investors
were squeezed out, Phelan's' statement
last week that these fields were vir-
tually illimitable caused quotations to
rebound. Along with this statement
came reports that the Mexican Govern
ment was about to begin paying interest
on Mexico's external debt.
The bear campaign on Canadian Pa
cifc inNWall Street also had a repercus-
sion here and the London market de-
duced from this moving that many
Canadian Pacific shares had passed
westward across the Atlantic. The ex-
change here will now watch Wall
Street for Canadian Pacific moves.
The general movement in gilt edged
securities last week was upward, while
rails industrials and mines showed
weakness.
With the coal strike situation really
looking as though settlement Is in
sight, with the textile workers who have
been on strike resuming work to- morrow
and with the engineering stoppage fore
stalled. London is looking forward to
this week more cheerfully than 1t has
viewed the future in long time.
The New York herald., 1921-06-27
'Increase.


The figures disclose that aggregate
reserve from the end of last year to
June % of this year, has increased
nearly II per cent. The gold reserve has
expanded 10 per cent, through con-
slant inflow of gold from all corners OF
the earth at a rate which threatens to
become embarrassing IL continued much
longer. Rediscounts (loans to member
banks secured by Government bonds and
mercantile bills) have fallen 35 per
cent. and outstanding reserve notes,
which to a degree represent loans have
been reduced 81 per cent.
1t is true. of course. that the changes
in reserve bank totals reflect diminished
business In commercial lines, but the
process of getting back to a normal
basis as everybody knew a year ago.
must entail vast defiation. The figures
prove without question that defiation
has gone far. The New York Reserve
Bank. despite the present necessity of
lending s37,500.000 to other reserve
banks. has come into so strong a posi-
tion that S1O3 in gold stands behind
every 500 of reserve notes in circula-
tion after the requisite 35 per cent. of
gold has been set aside for reserve
against deposits. and the ratios of cash
highest since the early part of 1917.
The general banking situation is
sound. which Is decidedly trite obser-
walton in the light OF the great figures
of reserves just mentionaL The only
persons who have been concerned about
banking were those who wanted to be-
take the trouble 20 examine into the
position Of that financial guardian. the
reserve system. But discussions OF bank
resources fail to answer the pressing
question Of all markets. when is busl-
ness going to pick up?
II Is probable that sentiment is play
ing the part Of the heavy villain in the
industrial stage just as II takes a buff
foon's part in such headong and short
sighted booms as the one os 1919. One
hears that the steel trade Is looking for
nothing better than a dull summer that
petroleum producers arc striving TO re-
duco operations in the field and that over
production Is being made more burden
some every day by clogging Of export
markets There Is ono thing that tends
n take some of the blueness off Of senti-
ment. and that is the certainty that the
fall Of securitios FOR year has carried
many issues below their asset values.
When the investing public really begins
% see this there will be another sort OF
sentiment and decidedly better markets.
The New York herald., 1921-06-27
TOTAL TRANSACTIONS NEW YORK STOCK EXCHANGE
DUNE@
WEEK ENDED JUNE 25 1921.

Year tn date s9,sS5977
The New York herald., 1921-06-27
WORK on ITALIAN PROJECT.

Bodolfo Bolla. American representa-
tive of the Banco dl Roma. has received
word that actual construction work has
begun on the great dams OF the hydro
electric power development of the Slla
River In southwestern Italy. II is esti-
mated that 100000 horsepower will be
developed at the beginning, which VIII
furnish sufficient power for the indus
trial and other requirements Of the sur
rounding region as well as for electrifi-
cation of the local railways.
The New York herald., 1921-06-27
BAKING COMPANY OFFERING.

The Max Ocher Company, Inc. and
Mark C. Steinberg & Co. of st. Louis,
members of the New York and st. Louis
Stock Exchanges, have underwritten
s25O.000 of the serial per cent. first
closed mortgage gold bonds of the Ban
ner Grocers Baking Company of Gin
cinnati, consolidation of three bread
bakeries in Cincinnati, Columbus and
Hamilton. Ohio.
The New York herald., 1921-06-27
FINANCIAL NEWS
AND COMMENT
Call Money Eases to ) p. c.,
Stocks Recover and Scnti-
ment Improves.
BANK RESERVE INCREASES
Preparations for July 1 Dis
bursements to Be Made in
Next Few Days.

The fact that stock market tension
was much less at the end of last week
than it was during the first three days
of that period was due to three major
developments. In the first place the
easing of call money to 5 per cent.-a
rate that had not been quoted before
since October, 1919-was shown by the
midweek statement of the reserve banks
to be a probable forecast of relaxed
money situation for considerable time to
come. Then the recovery of stocks as
the week progressed toward it's close
suggested that insistent liquidation,
which had a prominent part in the heavy
fall of prices during May and the first
half of June. had been completed. A
third factor in improving market senti-
ment was the evident reluctance Of bear
operators to continue their tactics. at
least until something came forward to
show whether or not quotations had
gone far in discounting future business
uncertainties.
The conjunction of those influences
brought a recovery of stocks. which, il
it did nothing more. gave investors op-
portunity to measure prices against as
sets and prospects of corporations at the
same time that destructive forces were
called to a halt.
The experience of the money market
since the abortive easement of Novem-
Der and again in January shows that
one may not yet count upon steady re-
tention Of low rates. In the next few
days there will be preparation for July
1 interest and dividend payments,
amounting to many millions of dollars.
and it is the custom Of many business
men to settle at midyear bills which
have run along for weeks or even
months. 1t is possible that the call loan
rate may stiffen somewhat before those
transactions shall have been completed.
and the banks are not looking for an
immediate reaction of commercial paper
discounts But the tendency of money
is becoming clearer every day. and one
of the most encouraging things in the
present situation of the markets is the
evidence contained in bank statements
that, despite lot of frozen credit and
discouraging aspects of the commodities
ard goods markets at home and abroad,
liquidation is going on steadily
1t is worth while to see what the COM
bned figures of the reserve banks show
in the way of results in the present
year. The record speaks for itself:
Declined since
The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-09-09

SALMON LOCALS

= y = = = = = = + =
Election by War Mothers this Fri
day night, Sept. 9.
George w. Yearian came down from
his upper Lemhi ranch on Tuesday.
10y H. Lee, o. p. Kimmel, Fred j.
Barnett, George w. Yearian and Mrs.
Houtz were among the Leadorians in
Salmon this week.
Mrs. Fred Carl, accompanied by her
children, is up from Winnemucca to
spend month with her parents, Mr..
and Mrs. H. G. King.
Milt Merritt was over from Forney
this week, being accompanied on the
trip by the Lee Ramey family. The
children are to attend school in Sal
mon.
Mr.. and Mrs. f. M. Yearian and
their son Hubert drove to their ranch
up the Lemhi valley yesterday after
noon. The son will return to Salmon
for school.
o. d. Bartlett came down from
May on Wednesday to take back with
him casket for the burial of Ed
ward O'Neal, prominent rancher, who
passed away the same day.
Mrs. Leacock brought her son
James to Salmon on Monday from
Leacock's station. The lad is to at
tend school at Dillon and live with
his sister, Mrs. Walters, in that
place.
Mrs. Matte Andrews has returned
from Patterson where she had been
visiting her niece, Mrs. Roy Moore.
Miss Roxy Aldous of Lost River
came to visit Salmon with Mrs. An
drews.
James w. Thompson, former mer-
chant at Baker, has rugged himself
with a standard new car at the
Bradley garage to make tour look
ing up business location. Perhaps
he may come to Salmon.
George browns of Dell, Montana
has leased the Boyle ranch on Bis
creek, expecting to move there ant
relieve the owner, Thomas Boyle, wht
will spend the winter with Mrs. Boyle
in Salmon. The Boyle ranch is de
sirable home.
c. A. Rogers and wife, on thei
way from their Denver home t,
spend the winter in California, stop
ped for few days in Salmon owe
Sunday to visit Fred and Louis Frey
who are brothers of Mrs. Rogers
These travellers are equipped TO
camping when they care to camp an
are thoroughly enjoying it.
C. E. Brous came into The Record
ler office the other day with bot
hands full of money, or rather wit
one hand full to represent his saving
during the eight years of the last ad
iministration at Washington, while j
the other hand he held nickel onl
to represent what he has gained ur
der the present regime at Washing
ton. He said he could hardy hope
hold on to the nickel very long. M
Brous, who is carpenter and cor
tractor, was one of them who didn
vote for the change.
The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-09-09
SALMON LOCALS

+ : : = + + + r I. I. 1. + + + + + Z.
Mrs. w. H. Buchanan came up from
Ulysses on Tuesday.
Charles H. Garside was an arrival
from May on Monday.
Attorney l.. E. Glennon was called
to Pocatello on professional business
on Monday.
The Presbyterian auxiliary is to
meet at the Melvyn ranch on Sep
TENDER Is. Members desiring TO at
tend are to assemble at the postof-
fee or at Lehr's store at ii a. m.
Miss Daniels, who has spent the
summer with Mrs. Walter Bloomberg
and other relatives here, is to return
TO Iswartmore, Pa, next Monday. Her
mother is to remain for q month long
Ter.
Mrs. A. II. Ford was in Salmon the
greater part Of the week getting her
household goods ready for removal to
Leadore where the family will spend
the winter. Her daughter, Mrs. VIM,
Yearian, accompanied here for few
days visit.
Excavations are being made for o
basement under the Anderson opera
house, which is now owned by Bethany
& O'Connell, the Improvements being
intended to afford additional storage
room and heating plant for theil
garage business. The work is being
done by Cummings and Gleed. Coco
use Of the earth taken away is fount
| in filing low nlaces in the streets
The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-09-09

Ii is a matter of no little pride that
Salmon people feel toward their own
band As an offshoot of this organ
ization and intended to lend needed
support thereto the Salmon Society
Syncopators are starting up regular
Saturday night dances at the Bellamy
& OConnell hall. In this new team
of musicians Miss Ethel Lewis has
in hand the piano, the other players
being recruited from the band MEM
bership, under the leadership OF
Claude Coyle.
The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-09-09

Malcolm Thorburs Ieft last Friday
for Trinity COLLEGE, Hartford, Connec-
ticut, Mr.. and Mrs Melvin taking
him to Idaho Falls for the train. John
w. Quaries expects to leave within a
week for Princeton college.
The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-09-09

Bert Haug, who Is at Leadore this
week. Is well remembered in these
parts as a former county officer. He
Is now with Bunker Hill.
Miss Josephine Riggs is home again
from spending the past year in West
Virginia. She brought back her
nephew, Edward Hines, Jr., who had
been with her.
The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-09-09
Art INSTRUCTION.

Painting lessons given in oil and
water coIors, also drawing and draft
ing. Special rates to school children
according to age. Reasonable rates
TO adult class.
School starts October 10th 20 please
register at once.
ALVIN r. MOORE
The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-09-09
Lest You Forget,

Let us remind you that Chamber
iain's Tablets not only cause the gen.
tie movement of the bowels but inn
prove the appetite and strengthen the
digestion.
The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-09-09

Coming-once to Every Woman
September 1916.
The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-09-09

Greatest sport you know
TO pull out your makin's
papers and some Prince
Albert and roll up a ciga-
Tette! That's because p. A.
is so delightfully."- good and
:efreshing in a cigarette
Just like it is in a jimmy
pipe! You never seem to
get your fill - P. AS SO
joy usly friendly and
appetizing.
Prince Albert will be a
revelation to your taste! No
other tobacco at any price is
in its class! And, it rolls up
The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-09-09

Priaet Albert %
ssid In ssppy rod
hsss, tidy red fias.
hsadserss psssk
sad hall pesad tia
kapidsrs ard IN fhs
pssad crystal ssass
o n ifor WseR
spesSs rnssstsasr
too.
The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-09-09
: Come on along {!
Fill up your makin's
papers with P. A.

easily because it's crimp cut
and it stays put.
It's the best bet you ever
laid that you'll like Prince
Albert better than any ciga-
rette you ever rolledl
And listen! If you have
a jimmy pipe hankering-
by all means know what
Prince Albert can do for
you! It's a revelation in q
pipe as well as in a ciga-
rette! p. A. can't bite or
parch. Both are cut out
by our exclusive patented
process.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-01-14

The rond committee of the Cham
Der OF Copmorce together with n
number OF Carter county citizens, held
a meeting Mt the noon hour today.
10 discuss the question Of the pro-
posed federal aid project between
Lone Grove and Iiealdton.
IL WIS the consensus Of opinion OF
the men nj this meeting that the fed
.tal aid project not be abandoned.
That the gravel road which has been
spoken of frequently, not bc built.
That the funds available be used for
building as much hard.surfacc road
as can be built With tho money Mt
hard. and that the remainder OF the
rod be let alone until funds again
accumulate for more construction
vork. That the six or 90 miles that
car be- built with available funds bC
bnilt across the Bayou bottom where
tho rond IL the worst.
q. A. Ramsey. chairman OF th'
road committee. and Russell II. Browr
werr appointed TO be present tomor
row az countrywide meeting Mt th'
courthouse, az ono o'clock In the af
ternoon. for the purpose OF present
inr the views Of the road committe
Of the Chamber OF Commerce and o
Tho citizens assembled at today
meeting.
P'fn was stated at this meeting tha
fhc government would not ccopefut
a the construction of a gravel roo
ana two reasons were assigned fo
the conclusion that had been reaol
= "a by the federal engineers. One wa
INrronse tho local gravel Ia not goo
gtuce. md the other was on nccou'
cf ehe unusually heavy oraiflc ov'
this particular rad. 1t Is said tn'
AZ many "a 1900 autos and truck
- over this road every "a hours
~ Ramsey stated that II we at"
80 the federal ail project we wi
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-01-14
OVER 100000 WORTH
H|LAH|TY STOLEN FROM
| GOVERNMENT WAREHOUSE

Child 20, ian. i4.--Check Of liquors
seized ~ dry enforcement, operatives
In the past year and held at gov
efnmcnt WAREHOUSE here disclosed that
more shan ss.OOO.OOO worth OF whis-
l,y Ia missing. Frank u. Richardson,
prohibition commissioner, announced
today.
Tae whisky evidently was stolen
several months before he took Of
flee, Mr.. Richardson said.
lie gid he hopes TO have a num-
her Of former prohibition officials In
die. CO and prosecuted as a resdlt Of
his investigation.
Mr.. Richardson says he has learned
,has at ono time 500 barrels Of whisky
we're removed fran the warehous'
in daylight and tbt the day before
he assumed officc 10 trucklcads wor'
hauled out on ilras night. he assert
there was a driving rain. and the pro
h bl,ion agents supposed to be OF
guard wcrc inside ihe warehouse play
nr caris.
The missing whisky totals more tlaii
100000 gallons.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-01-14
PANAMAN GOVERNMENT
MAKES MOUNTAIN FROM
| IPROVERB|AL MOLEA|LL
United STATES OFFICERS TAKE
POSSESSION OF DEFENSE SITE
AND SOUTH AMERICANS FILE
FORMAL PROTEST.

pahama. Jan. 14.--Action by United
81 ties officers in taking possession Oh
small tract of ground east OF Colon.
on Bahia de las Minas, has resulted
ir the dlspa ch to Washington OF
formal and energetic protest by the
Panama government. On the tn ct OF
ground involved Is a hill. which
slid to be adap ed for works defcniins
the eastern entrance OF the Panama
Canal.
The note protests against the act
of force" by which the United su'tcs
took possession OF the land, ana was
sent on n nuary II 20 the Panama
charge d'affaires in Washington, who
was instructed to present It u; the
state department.
1t was signed by Il. J. Alriro. secre-
tary Of the Interior and OF justice. and
Ia charge OF foreign relations OF the
republic.
II IS alleged the proceedings wer'
carried out in an unliplomatic manncl
and fears arc expressed that a prece
dent which may be dangerous mn!
have been established.
II In asserted than the foreign OF
flee received on December 30 not
from A. G. McIlva ne. executive sec
retary OF the Canal Zone government
rela i've 10 the land In question. whie
comprises about ESQ acres. Secretar
McIllvape is quoted as sylng tina
the United States government wa
7 going 10 tuke possession OF the Ian
> under the provisions OF the treaty b'
Il wcen Panama and the United States,
Another protest sent to Washingio
takes exception To a portion OF an OPT
ion recently handel down by Distr''
!, Judge John w. IIantn, the highc'
United sta,cs judiciary authority
the canal zone.
/ This opinion contained a statemel
% The .cfgcct that since tho sign 7
ot the treaty OF February GO, 100
Panama has been u pro cctoraic
the United States and 0ccupying
! osItion similar to that OF Cuba"
nd The truth OF this statement IA d
BIZ MED. Judge Hamn's opinion uphc
of the righ, of bringing judicial pr
on cccdSngs in the Canal Zone in &
nd u mo OF tho United States, inste
rk OF zone government.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-01-14
LIVESTOCK MEN
! ADVOCATE PLAN
| TO TABL|SA A
CHAIN OF MARKETS
/ FL Paso Convention Adopts
Resolution FavOring Mu-
nicipal Markets to Re-
duce Retail Prices
CLAIM COST TO THE
CONSUMER TOO HIGH
| ISTATEAiENT MADE THAT REDUC'
TION OF PRICES ON FINISHED
ARTICLES NOT PROPORTION
ATE TO PRICE ON HOOF

FN Paso Texas, Jan. 14.-Enactmeht
Of tariff for the protection OF the
lives. ocs industry the gradual escio-
lishment OF municipal retail markets
IN all cites, and the enactment, py
congress o. constructive federnl leg
tslation reguhsing the packers, COM
mission men and traders was recon-
mended In resolutions presented to the
American Livestock Assocta ion con-
yention here today By its resolutions
committee.
Tho committee report was TO be dis-
cusaed and vd,ed upon late today.
Indications were that delegates OPP
upscd 10 any expression in favor oil
aegislation regulating the packing IN
dustry would oppose the report OF the
resolutions committee on Ghis question
ana livcly discussion OF this part
of the commi. tees report was ex-
peeted.
The comm ttce report did not men,
the name ether of the Gronna
bill Or the Anderson bill now pending
in congT VS..
The committee also recommended
chat the association demand the prices
a. hotels, restaurants, on dining cars
M retail butcher shops and the prices
Of farm implements. shoes. leather pro-
ducts. clo.h.ng and manufacturers goods
be reduced "proportionately W IN the
reduction in pr.ce OF livestock anc
Elrm products. which have reached
q prc-yrJr basis"
Nn "a eli n
said. THE entire wealth OF the coun
try Ia based upon the produces OF th'
sol, and fertility cannot be maintain
ed Without livestock. The livestocl
industry is facing he most critica
pcrol In its history. The products o
the farms should receive the sam
protection accorded manufactur ng In
forests. The welfare Of the entir
raiion makes imperative enactment
for the pro ection Of the livestock in
dus,ry, OF rariff on livestock an
It's products, particularly dressed bee
Such q tariff would place the Amer
can farmer on an equality with h
foreign competitor"
Touching retail mea; markets III
rtgIort said:
RE all prices o. meats failed to r
spond to thc decline in livestock Va
ucs The livestock industry is cxpe
icnclng uncxamplcd depression whic
! can be relieved by the increased col
sump,or of ma is. This associate
favors n movement for the gradu
kcts In all c ties, handling not ON
tConunued on page -
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-01-14
WITH VIEW TO ECONOMY
PRES|DENT-ELECT WILL
ADHERE TO POLICY Of
FRONT PORCH" TO END
ALL SHOW AND OSTENTAT1ON
ELIMINATED AT HARDING IN
AUGURATION, MARCH 4TH;
INVITATIONS CANCELLED.

Washington, Jan. 1i.-Presi-
dent.elect dIarding's suggestion
that his Inauguration take place
on the east portico OF the capital
was ratified formally. Thursday
by q joint congressional committee
in charge OF the ceremonies.
"The front porch plan" MEM
bers said would be carried out lit
orally and every possible dollar
Of expenses eliminated.
No spectators stands benches
or even camp stools will be pro-
vided. they added. Members OF
congress, the supreme court and
officials will assemble on the
capital portico.
A small stand will be built on
which Senator Harding will stand
In full view of the assemblage and
sound ampllfying devices will be
installed over the president-elect's
head. so that all in the crowd may
hear his inaugural address.
Letters recalling Invitations
to governors, clubs, and other in
ividuals and organizations were
sent out today by the citizens IN
augural committee, preparatory 10
n complete abandonment OF the
inaugural program.
Members OF tho inaugural COM
mittee DISCOURAGED any suggestion
Of m unofficial demonstration
on March 4th, rs 1t would bring
crowds TO WASHINGTON for whicf
no housing facilities or extF'
police would be available.
President Wilson signed tn
ioint resolution appropriatini
$4,000 for the capital expense II
connection with the inauguration
but under the decision Of the con
gressional committee the oni
norton OF IL whicn will be use
will be for adjusting canceile
contracts for building q stand a
the capitol and for engraved IN
| yltat.onS.