davidaulloa/AmericanStories huggingface dataset:
The daily times., 1921-06-17
Shoppe Of Crafts
Rocky Mount N. G..
GERMAN GOVERNMENT SHOWS
CHANGE FOR THE BETTER
(By Rene VivianN

(By Rene Viviani).
Paris, June Let appears that
an appreciable change has occurred
in orientation of the German gov
eminent which we hope will be ad-
vantageous. The majority of the
refchstag seems to- accompany this
change with it's votes if not with
its VOWS. France has just furnished
proof that it will do nothing to OBJ
struct or retard it. We have a double
1nterest-our national interest which
is to finish with the disastrous policy
of reparations, and the world gem
eral interest from which>we are never
detached and which demands the
return of normal relations between
peoples.
Nevertheless even if this orienta-
tion has happy results, since the
armistice two years have ben lost
both for France and for the world
through Germany's fault. With re-
spect to what the German govern
The daily times., 1921-06-17
BIG KIwANIANs MEETING
IN CLEVELANI

Clveiand, O., June 6.-Cleveland
is prepared for the reception of the
sixth International Kiwanis Club
convention, which is expected to be
the biggest gathering of business
and professional men ever held in
this city. The convention will be
held the week of June 20. Eight thou
sand delegates and visitors are ex-
pected. They will come from 500
clubs, located in as many cities of
the United States and Canada.
The daily times., 1921-06-17
lIHoPEs OF SPECIAL SESSION
(By MaR Abernethy.)

Raleigh, June 16.-Hopes of a
special session of the General Assem-
bly, went ~a-glimmering today when
it was learned that bankers in muni-
cipalities that are up against it be-
cause of the unconstitutionality of
the 1921 municipal finance act have
offered to furnish enough money to
tide the cities over until 1928 when
the regular session will be held.
This announcement reached the
capital while the representatives of
the North Carolina Municipal Asso-
citation were preparing to see Gov.
Morrison about the possibility of call
ing the Legislators into extra session
to correct an error which invalidated
the taxing features of the finance act.
To folks hereabouts who had an open
mind about the extra session this
latest news caused them to turn right
about.
In this city financing scheme
which the banks are to father, Ashe-
Vile and Raleigh are going to take
the lead since more than one insti-
tuition in those cities have made it
known that they will loan the Off
cials enough money to prevent the
tie-up in municipal affairs until the
regular session untangles the error
of the 1921 session.
Governor Morrison has been un-
willing to call the special session un-
til he was convinced that it was i'm
perative; he thought, and thinks,
that the cities and towns can bor-
row enough money to tide them over.
Finance officers of the cities have in
sisted that they were unable to bor-
row without legal authority to make
loans, destroyed in the invalidating
of the finance act. If the banks will
put up the money there can be no
objection, and the State will be saw
| ed the expense of a 2O-day session
on the Legislature in the middle of
Summer.
| Word from the Governor that he
does not see the necessity of calling
the legislators into special session
is expected late today following the
conference with the representatives
of the municipal association.
The daily times., 1921-06-17
NURSES ASSOCIATION

CONVENTION.
Wilmington, June 14.-With over
100 delegates present, the North
Carolina State Nurses association
began its annual convention at
Wrightsville Beach this morning. The
visitors were welcomed by Mayor
Thos. H. Wright of the beach town:
DR.. j. B. Cramer, president New Han
over county medical society, and Miss
Columbia Munds, of the local
nurses organization. Responses were
made by the association president,
Mrs. Dorothy Hayden, of Green's
boro, and Miss Edith Bedwine of
the nurses education association.
At the morning session reports of
the several officers were read, all in
dicating that the organization is do
| ing a fine work and the total mem
/ bership now is more than 450. The
president announced that because
some delegates want to get back to
Il their work quickly every effort will
be made to get through with the big
convention program by Thursday
might. The original schedule called
| for sessions up to Friday night.
Interesting papers prepared by
miss Jane Vandevere, Atlanta Red
tCross director of nursing; Miss Vir-
ginia Gibbs, of the Red Cross, and
Mrs. M. L. Cutchen, of Wilmington
lweSe read at the afternoon session
Regret was expressed on all sides
that DR.. L. B. McBrayer, of Sanator
Iium, could not be present to deliver
losis prevention. Tonight the Saint
| IBarnabas Guild for Nurses, Whining
ton, gave a reception for the visiting
The daily times., 1921-06-17
On Certificate Plan

To Charlotte. n. C.-N. c. State
Convention B. Y. P. U. June IA
16. Certificates issued June 10 to
Is. final limit June goth. 1921
To Atlanta, Ga.-Negro Business
League, Aug 1913. Certificates
issued Aug Is to Is, final limit
Aug 81, 1921.
To New Orleans, Educational Bap-
tist Convention, Sept. 6-12. Ger
tificates issued Sept. 2 to 8, final
limit Sept. 16, 1921.
To Detroit, Mich.-National Encamp-
ment Veterans of Foreign Wars,
Sept. 1925. Certificates issued
Sept. 5 to 21, final limit Sept. 20,
1921.
For Rates, Routes and other in
formation call in or write to
K. G. WINSTEAD,
WILSON. N. G.
The daily times., 1921-06-17

Mr.. Vanderlip today stated he did
have a letter of introduction from
President Harding when he first went
to Russia and maintains that Mr..
Harding had full knowledge of the
reasons for his going last autumn. In
October it was reported Mr. Wander
lip had such a letter from the then
President-elect, but it was denied by
Mr.. Vanderlip himself. Today he de-
The daily times., 1921-06-17
NORFOLK SOUTHERN r.. r..
EXCURSION FARES
VIA
Norfolk Southern Railroad
Round-Trip Fares

To st. Louis, MJ.-NatI Conven-
tion Modern Woodmen of Ameri-
ca, June 1925. Tickets on sale
June 16 to 20. final limit June
2Sth, 1921.
TO New York-Intel national Con
vention, United Societies Christian
Endeavor, July 6-15. Tickets on
sale July to 5, final limit July
18th, 1921
To Detroit, Mich.-Baraca-P
Union June 1926. Tickets on sale
June 81 to %, final limit June 20.
1921.
To Newark, N. J.-Grand Aerie, Or
der of Eagles, Aug S-13. Tickets
on sale Aug. to 10, final limit
Aug. IT, 1921.
To Cincinnati, O.-B. Y. P. U. of
America. June 30-July g. Tick
cts on sale June 2S to 80, final linn
it July 6, 1921.
To. Toledo, O.-Supreme Lodge.
Loyal Order of Moose, June 27-
July 2. Tickets on sale June "a
tn % final limit JuIV & 1921
The daily times., 1921-06-17
TWO MILLION POUNDS
FOR BRITISH SHIPS

London, June 15.-The total ex-
penditure proposed this year on build
ing of capital ships for the British
navy is two million pounds Lieut..
Emery parliamentary and financial
secretary to the Admiralty stated in
the House today.
The daily times., 1921-06-17
VANDERBILT CARRIED
LETTER FROM HARDING

London, June 14.-Washington B.
Vanderlip, who has received many
Siberian presents from soviet Rus
sia, but always with soviet strings
tied to them, sails tomorrow for
New York on the Olympic
The daily times., 1921-06-17
REFINED SUGAR REACHES
NEW LOW LEVEL

New York, June 15.-Refined SUI
gar went below the six cent level to-
day for the first time in more than
five years when the Federal Sugar
Refining Company sold fine granu-
lated sugar at 7.75 g pound.
The daily times., 1921-06-17
LEAVE WILSON

LEAVE WILSON
$40 A. M. Daily for Greenville,
washington, Edenton,
Elizabeth City, Norfolk.
ParlOr car Washington
to Norfolk.
A. P. M. Daily for Greenville,
Washington, Belhaven.
1926 A. M. Daily for Washington,
Edenton, Elizabeth City,
Norfolk. Sleeping car
Wilson to Norfolk.
$40 A. M. Daily for Raleigh, Fay
etteville, Charlotte and
points west and south.
Parlor car to Raleigh.
1920 A. M. Daily for Middlesex
Zebulon, Wendell, Raj.
eigh.
$3.50 p. NJ. Daily for Raleigh and
and points west and
south.
The only North Carolina line
running its trains into Norfolk City
One Way Fares
War Tax In Addition
To Norfolk, Va.-------$6.3( sc
To Raleigh, N. C.------$1.S1
To Charlotte, NJ. C.---$7.4E
For Rates, Routes and other in
formation call on or write to
K. G. WINSTEAD.
Wilson, N. G.
The daily times., 1921-06-17

cIard he had such letter and would
produce it if officials attempted to-
prevent him from landing at New.
York because he had no passport.
The daily times., 1921-06-17

WANTED-WHITE MILLING CORN
Grown in Wilson and adjoining:
counties. Will pay 75c per bushel~
Dildy and Agnew.
6 13 4td 4tw 4"
The daily times., 1921-06-17

/ delegates. Tomorrow's program will
deal largely with public health work.
The daily times., 1921-06-17
Norfolk Southern r. r.

Corrected to Aprail 10, 1921
Published as information only +;
not guaranteed.
The daily times., 1921-06-17
A Special Mail Order Service

Your inquiry will have careful
attention if addressed to our Mrs.
Haithcock. Write her for our new
Catalog of Furniture.
The daily times., 1921-06-17
SPECIAL

A distinctive Four-Poster Bed OF
Birch Mahogany, in either Shoot
3-inch; or 4-foot 6-inch size, IS
priced $3.50.
New-York tribune., 1921-12-17
Stock Prices
Again Higher
As Rails Cain
German Financial Siuation
Has Little Effect Except
on Exchange; Contraction
in Volume of Trading

In the speculative markets there was
little reflection Of Gcrnany's notifca-
tlon 70 the RepArations Commission
that It needed moratorium. The only
expected phase Of the development was
Gcrmany's assertion that it was able
TO raise only one-hfth Of the funds
needed to take care Of the January Is
and February IL installments, which the
financial district had been informed
could be taken care Of.
The easiness Of the foreign ex-
changes was associated with the Ger
man development. but, after the recent
nareup, . reaction was hardly depend
ent on news. Sterling cables at tho
close were quoted at S4.16X, off 1h
cents, and the Continental exchanges
were lower. The news WAS ignored in
the other markets, yet the subject was
much under discussion in banking
quarters. Some bankers, who by no
stretch Of imagination could be con-
sidered pro- German, have expressed the
view that moratorium might be de-
sirablc, urging that the principle Of
bankers committees, which came into
v.-s.ue in domestic business during the
lasA eighteen months of drastic read
ius>ment, might be applied to Ger
many's case by its creditors.
Meantime, speculation for the rise
continued in the stock market. Quo
tations, despite irregular tendency,
moved upward in most instances.
There was, however, contraction III
the volume of trading. After Thurs
days marked expansion there was 4
reversion to the basis that had pre-
vailed for weeks.
The main change in the action Of the
stock market was the frmness of rail
road shares, which, until day before
yesterday, had been slightly reaction
ary for fortnight. Under the leader
ship of Lackawanna the rails gained,
and there seemed to be some specula-
tive switching from industrials to the
rails, causing irregularity among the
former. Despite the easiness among in
dustrials toward the close, both groups
of stocks closed higher on the average,
and some of the industrials and oils
STAINED high levels for the year.
Changes in the commodity markets
were narrow. There was, however, n
frmer tone in the cotton market on
expectation of Improvement In the
goods trade. Wheat fluctuations were
irregular.
New-York tribune., 1921-12-17
Financial Items

NJ w Thompson. D. W. Driscoii, j :; s.
Maher J. S. Worley. II. Rottschsete,, =,
b. Mason and NJ. NJ. Townshend have oos..
elected directors for the ensuing year "
the Driscoii Transmission Corporation.
The United States Mortgage and Irus.
Company has been appointed fiscal ase1..
for the payment OF principal ana inteies o.
of bond issues agg-egating s2.so5,ee'; ~
cluding School City. Fort Wayne lm1" ans >
$500 goo: Castor County. n G. ssov, ,rs,, y.y'
Gastonia. N. c.. 100000. and Rock H.. AZ.
aggregating $3.50. 500, including Hs5onnSs ssS .
n J., sl.324. 600; Charlotte, \. C., sl,.,y,VG;;
900: Elizabeth. n. J.. s70Q. o00 ana W..
mngton. Del. s515. 800. are being pts,
pared and certified as 70 genuineness y,
the United States Mortgage and l''''
Company.
The Farmers Loan and Trust compar,, mpa,
has been appointed registrar OF tns w, ~
ing trust certificates for capital stocA "
the Columbian Carbon Company
The Farmers Loan and Trust CompaMs
has been appointed registrar OF the .s se
RES "a refunding mortgage bonds Oh NV
New York Telephone Company.
The Central linton Trust Company "a "a
been appointed transfer agent OF
American Metal Company. Ltd
The American Exchange National b.hs b.hs
has been appointed transfer agent o. -.
preferred and common stock OK tns ~sss
sales Corporation
New-York tribune., 1921-12-17
Would Give Germany More Time

It Ia the opinion Of one Of Wall
Streets most prominent bankers that
the best move the Allied Reparations
Commission could make at this time
would be to give Germany more time
in which to meet her installments in
reparations account. "Obviously," said
the banker yesterday, 'if Germany
goes bankrupt, as is not an impossible
development, little Is to be expected in
the way of future payments. On the
other hand, if the Allies will grant
Germany an extension of time, condi-
tions in that country are likely to i'm
prove sufficiently to insure full repara-
ton at later date. believe both the
French and English are swinging
around to this view"
New-York tribune., 1921-12-17
Stuck Whatever Happens

Question: have just received a circular
from Storey & Co, 512 Fifth Avenue New
(Poand) per cent Improvement bonds,
dated 1921. duo 1881. in units Of 10000
marks each at 1885 unit. The right
is reserved by the municipality of warsaw
to redeem the issue In whole or In part
any date after ten years from date Of issue
and up to the time Of maturity. They ella I'm
there Is possible gain of Sl19 for each
dollar invested when exchange reaches
normal. making bond which costs s1o.s5
worth $3.50 principal and interest payable
In Polish marks While l realize this Is a
to the point of placing sI9.S5 on one OF
these bonds with the idea Of keeping 1t un-
tn some future date when conditions on the
other side of the Atlantic ought to change
for the better. This IS a trivial sum- but
have intention of handing Story & CO.
even $40 Of my money without having
here In town would give me no Information
merely laugh at my foolshnesa and Offer
to sell me something safe. so would ask yor
to be good enough to let mo have such
data as you possess or acquire on this
particular wildcat. and I viii appreciate II
very much.-M. B. l.
Answer-If you pay Story G. Co
$10.85 you will receive the promise OF
the City of Warsaw to pay you 10000
Polish marks in the year 1881 and to
pay you annually until that time 6oO
Polish marks interest The Polish
mark was quoted on December al
three and quarter hundredths OF
cent, which is to say that at the cur
rent ratio of exchange the annual in
terest on your investment % would
be worth 16A cents, which, as you viii
perceive, is q return of less than / per
cent on the amount you would pay in
Obviously your only hope for profit lies
in the return of exchange on Poland
to a figure somewhere near its nominal
parity Of 1913 cents to the mark, II
this should occur it is pretty obvious
is =, not, that it would place tremen-
ds->ss burden on the taxpayers of the
C'1,y OF Warsaw? For every dollar they
borrowed from you they would have to
repay S119. The annual interest alone
would be more than ten times the
amount which they originally borrowed
from you. AS plain business and po-
litical proposition, do you believe tha.
the people of the City of Warsaw would
ever consent to pay either principal OF
interest upon such a basis? We do not
We have, you see, assumed the only
favorable thing that can happen. If We
were to stick to probabilities, we would
have to say that the Polish mark will
probably continue to decline until II
becomes as worthless as the Russian
ruble. In this case it is fairly clear
that your bond would become utterly
worthless. In short, so fer as we can
see, you lose whatever happens. If
Polish mark exchange goes up very
much your bonds will probably be re-
pudiated; if it goes down very much
your bonds will certainly be worthless,
and if it remains indefinitely at pres
ent levels you will receive a return OF
less than per cent on your money.
New-York tribune., 1921-12-17
Dutch East Indies Seek Loan

Discussions are understood to be 60
ing on between representative bankers
here nnd the financial authorities Of
Holland for tho flotation OF a large loan
in this market on behalf Of the Dutch
East Indies. Reports from Amsterdam
indicate that the Dutch Colonial Min
lister has introduced a bill in the
Legislature for authorization for q
500, 100000 loan to be arranged in the
United States with interest at 6N per
cent. According to bankers here who
are conversant with the situation, the
Dutch East Indies initial appearance
as borrower here will not likely in
fnent
New-York tribune., 1921-12-17
Ruling on Kresge Stock Dividend

Owing to a ruling Of the Stock Ex-
change the s. S. Kresge Company COM
mon stock will sell eek" the 81 per cent
stock dividend on December 81, instead
of December 16, when the company's
books closed and as previously an
nounced. Common stock sold after
yesterday must have due bill attached
calling for the stock dividend. The re-
suit Of this ruling, Merrill, Lynch g.
Co. pointed out yesterday, will be to
keep Kresge common at about the cur
tions, until December 16, when the
stock dividend will come off.
New-York tribune., 1921-12-17
Maturitics within Five Years

Question: have 81 900 to invest end
wish to put $500 into tef-year bond ma
he rest into some bond TO mature within
five years. As between United Kingdom
5Xs of 1929 and Goodyear Tire and Rub
safety OF tho former Is enough to offset
tho greater yield of the latter7 J am
considering putting $500 into one of the
following: Scars- KotbuciA rs, 1893; Aluml-
mum Company OF America rs. 1925: West
Electric Ia. 1925 Which of these, tf
any. would you advise IL. 8,
Answer--We do think that the sddi-
tional safety Of the United Kingdom
SIS over Goodyear Rubber 81 Is
enough TO Offset the greater yield Of
the latter. Of the three short term
bonds that you name, we would prefer
Western Electric rs.
New-York tribune., 1921-12-17
General Asphnlt

General Asphalt continues to hold
the center of the market stage as the
chief mystery stock of the list. Judg-
ing from the company's last earnings
statement there seems little justifica-
tion for the present high selling price
of the common. Yet yesterday i'm
portant interests were said to be buy
ing the stock around 70, with the pre-
diction that next year the price will go
much higher. In 1919 the high record
price of 100 was reached, although no
dividends have ever been paid on the
stock. This years low was 391a.
New-York tribune., 1921-12-17
In Wall Street
New City ALas Go Well

The participating houses in the
syndicate that walked off with
tho s55,000,0 an per cent fifty-year
corporate stock Issue Of New York City
reported an excellent response yester-
day to their formal offering of the new
securities. individuals as we'll ms in
stitutions put in large subscriptions
for the stock, and at the rate orders
came In 1t is not improbable that the
whole deal will be cleaned up ahead Of
the schedule set by the Offering syndi-
cate. The offering price is 104N.
New-York tribune., 1921-12-17
Plenty Of Loose Money Around

Bankers pointed yesterday to the
heavy oversubscription of the latest
issue of Treasury certificates Of in
debtedness as indicative Of the large
surplus Of funds awaiting investment
in short terms as we'll as long terms
prime securities. The Treasury offered
$3.50, 100000 of certificates, divided into
AZ 8 running six months and ANS run
ming twelve months. Total subscrip-
tions received exceeded $1,000,0O0, 900
Subscriptions in the New York district
alone ran we'll over the amount Of the
iSsun
New-York tribune., 1921-12-17
-Four full columns oJ A.
restnsent questions ana ar
ssrers are published ifs The
Tribune erery Sunday
Columbia Trust Co.
Authorizes PAYMENT

The board of directors of the Co.
lumbia Trust Company yesterday au-
thorized the trustees OF the Columbia-
Knickerbocker Trust Company bene..
fetal certificates to make a payment o.
So a share on account Of principal.
payable January 10, 1922, to holders Of
record on December 81, 1921, and assc
a payment of SO cents a share out o.
income payable December 81, 1921, 70
holders Of record on December 81, 1921.
New-York tribune., 1921-12-17
Rubber Industry Improving

Spring sales campaigns launched by
the large rubber Companies are bring
ing orders from dealers over the coun-
try in unexpectedly large volume. ac-
cording to the Cleveland Trust Com
pany. apparently" it points out,
dealers have confidence in good de-
mand for tires next year and this,
combined with recent price reductions
TO the lowest levels ever reached, has
stimulated ordering. Rubber has been
advancing in price and footwear. sun
dries and mechanical goods are in good
demand. AS result Akron companies
are expected to maintain operations
this winter at much better rate than
they did last winter"
New-York tribune., 1921-12-17
Steel Works to Resume

SHARON, Pa, Dec. 16.-The Farrell
works Of the American Sheet and TIT
plate Company will resume operations
in full Sunday at midnight, it was Of :
cialiy announced to-day. Six hot mills
employing five hundred men, Will DE-
placed in operation. Twenty four hot
mills have been operating for two
II, ,,nnthS
New-York tribune., 1921-12-17
The Dollar in Foreign Exchange

Foreign exchanges again turned
easier yesterday and further losses
were recorded. Gable rates on London
dropped to s4.16A. loss Of cent
and half for the day, and continentals
followed the same trend.
At the close quotations were back
about where they were Tuesday night,
after the reaction from the first upturn
of the week and slightly above last
Saturdays closing.
Changes in the South American and
Far Eastern groups we're lower.
New-York tribune., 1921-12-17
Investment
Information

Questions of general interest to in
vestors wiH be answercd in this col
,tmm, in aohich case only imitiata viii
be used. Oshsrs will be a7tswered BY
mnii. Addrcss all inquiries, incios-
ing stamped, addyessed envclope- to
Financial Editor, The Tribune, 1S&
Noesau Street, Noao York City.
New-York tribune., 1921-12-17
SAVINGS BANKS

which appears likely to earn over the
6 per cent on its total valuation as
provided for on the aggregate of roads
in region in the transportation aet.
Both st. Louis g. San Francisco adjust
nlent 6s and Erie convertible As are
speculative without the need OF any
question marks.
New-York tribune., 1921-12-17
Paris Market Heavy

PARIS, Dec. 16.-Prices were heavy
on the Bourse to-day. Three per cehs
rentes, 54 francs Is centimes. Exchange
on London, 53 francs 35 centimes. fls'
per cert loan, so francs 20 centlmeas;;
The dollar was quoted at Il francs %
ccnIirnes
New-York tribune., 1921-12-17
London Market Strong

LONDON, Dec. 16. - On the Stock
Exchange to-day the strength of the
gilt-edged issues on investment de-
mand, notably from America, was the
feature of the trading. Bar gold, 98s
1Od; money, 212 per cent. Discount
rates: Short bills, II per cent; three
month bills, 33s per cent.