davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Stock Prices
Steady; Await
Strike Result
Traders Show Disposition
TO Watch British In
dustrial Situation; Gain
Is Shown i'm the Week

Lethargic conditions in the stock
market yesterday reflected the dis
position Of the speculative element TO
await the outcome Of the British labor
crisis Aside from an effort on the
part Of the professionals to cause a
general recession by attacking vulner-
able issues, the two-hour session was
devoid OF special ftature
The market closed the week with n
fairly firm tone despite q good deal of
lrregularify lndustrials were rela-
lively stronger than the rails. the lat
ter dropping off rather sharply in spots
on comparatively light offerings. An
incident IN the rail- group was the fur
ther decline III Pennsylvania Railroad
shares, which dropped below So to a
new record for the year
The average price of thirty repre-
sentative industrial stocks left off yes
terday at 74.lo, against 1890 on FRIDAY
and 74.20 week ago The high Of the
week for the industrial average was
'o.u3 on Wednesday, when money rates
were easiest. The average price Of
NNSHAF Tall SNdIeS CIOS9U GU.DD.
against COTS on Friday and 61.35 q
week ago
1t was quite evident from the action
81 the market generally that traders
were not inclined 10 add much TO their
commitments on either side. Vigorous
efforts by the bears TO depress values;
succeeded in individual eases but failed
TO unsettle the list.
Movement of the steel shares was
watched with special interest and the
advance OF L points was the out
standing development here. The
monthly untitled tonnage statement of
the United States Steel Corporation.
issued after the close Of the market
revealed q decrease of. GAG lO2 tons
during March, carrying the untitled or
ders or the books of the corporation to
the lowest point since the early au-
tumn OF 1919. The steady fall in un-
filled tonnage for several months is
one of the reasons why Wall Street is
talking of an early reduction in the
present price schedule OF the Steel
Corporation.
Some of the issues, such as General
Asphalt, Sears Roebuck, Mexican Petro-
leum and Gulf & West Indies. which
have been under pressure of late, made
substantial recoveries.
The commodity markets also were
waiting on Developments in England
and cotton closed slightly higher
Sterling exchange, which had suffered
sharp setback on Friday, recovered
q part of the ground lost, demand ster-
ling closing at $500.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
May Pay Beneficiaries
90 p. c. Dividend by Defunct
Insurance Company Likely

SYRACUSE, April 9.-Jesse S. Phil
lips, State superintendent Of In
surance, filed to-day with Arthur C.
Mead, Clerk of Onondaga County, re-
port and petition addressed to the SD
preme Court asking authority to pay a
first dividend OF SO per cent to widows,
orphans and dependent henehciaries of
deceased members of the Catholic Re-
lief and Beneficiary Association, fra
ternal beneficiary corporation formerly
having some Offices in the Merchants
National Bank Building, which was
placed in liquidation by an order OF the
Supreme Court made By Judge Crouch
June %, 1920, when it appeared from
an examination made by examiners of
the New York State Insurance Depart
ment that the association was in
solvent and its continuation in bust
ness would be hazardous to its cred
itors, members and the public. I'M
mediately upon taking possession OF
the association Superintendent Phil
lips. made contract with the Ameri-
can Insurance Union by which the in
surance Of all members was continued
by that corporation for fifteen days,
during which time the members were
given the right to elect to continue
their insurance.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Receiver for Maxwell Co.
Step Is Taken 10 Reorganize
Motor Car Corporation

DETROIT, April Appointment Of
H. Ledyard Mitchell. president OF the
Maxwell Motor Company, as receiver
OF the company. under friendly pro
ceedings to facilitate its reorganiza-
ton. was announced to-day
The appointment was made by Judge
Arthur futile, of the United States
District Court here, whose decree sets
forth that the company's obligations
total $16,000,000 The decree defines
certain property TO be sold, and speci
ties it must not be disposed Of Tor less
than S10,915.000. Date of the sale is
to be set by William S. Sayres jr-, spc-
cial master in the case. All claims
against the company are 10 be filed
with the special master not later than
April %.
Final amalgamation of the Maxwell
and Chalmers Motor companies is to
be effected when all claims against the
Maxwell company have been satisfied
An announcement by the Maxwell
company to-day said that $4,000 900 ir
new cash will be obtained from bank
ing interests and others when ANAL
gamation is completed
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
The Dollar in Foreign Exchange

Improved demand for foreign ex-
change caused strong advance in the
short session of the market yesterday.
with sterling rates moving up to $500,
as compared with closing price Fri
day of $685.. but the effect OF the in
dustrial crisis in Great Britain was
shown in the weeks fluctuations. Ster-
ling closed the week of Z cents.
French and Belgian francs continued
their advance yesterday and showed
net gains for the week. but Swiss
francs were lower than on the previous
Saturday German and Austrian rates
showed slight improvements during the
week Other rates were irregular,
Italian lire being much higher and
sharp reactions being shown in eX
change on Greece and some of the
other European centers and on prin-
cipal nations Of South America. UrU-
guayan rates recovered slightly yester-
day. Far Eastern rates showed i'm
provement during the week.
If you calculate the cost Of the dol
lar in terms Of foreign money or cur
! rent exchange values-that is, if you
were buying dollar with pounds
marks or francs--its value a the close
OF last week, compared with year ago
follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Otis Elevator Earns
$40. 25 Share i'm 1920

The report of the Otis Elevator Com
pany for the year ended December 81
showed surplus, after charges, de-
probation and Federal taxes, of So
Ss0.277, equivalent, after deduction of
preferred dividends, to S2625 a share
earned on the s9,4s5,0e common stock.
compared to 1881, 626, or $is.o1 a
share earned on the s8,1o8,0s7 common
stock in 1919.
W. D. Baldwin, chairman Of the
board, in report to stockholders said
IN part: During the year all debenture
bonds outstanding were retired, either
by purchase or conversion into COM
mon stock. and ali bank loans were
paid, thereby placing the company in a
strong financial condition. The larger
volume of business was secured in the
first eight months Of the year. Since
then there has been gradual falling
off IN our sales, which has continued
up to the present time. On the Con-
tinent of Europe the conditions are
still unsettled and but little elevator
business is at present being done
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Another Stock Dividend Expected

Following closely on the announce
ment Of the declaration Of a 200 per
cent stock dividend by the Standard
Oil Company of Nebraska reports were
current yesterday that the Standard
Oil Company of New York is planning
an increase in it's capitalization for the
purpose of declaring q stock dividend.
A distribution OF $50 per cent. which
would increase the stock from S75,000,
600 to s1S7, 900, is said to be
favored. Last summer directors called
a special meeting of shareholders for
September / for the purpose of obtain
ing authority to increase the capital
from $4,000, oO0 to $225.o00,000 through
the declaration Of 200 per cent stock
dividend However. sufficient proxies
were not received TO put the plan
through. The sale last December was
looked upon in some quarters as a dl-
rect result of that action of stock
holders. The New York company has
not changed its capitalization since
1913. when 400 per cent stock disi-
dend was paid.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Reducing Operating Ratios

In conversation with various rail
road men last week, ranging from the
president Of one Of the larger Western
systems to the division superintendent
of an Eastern road, this question was
asked: "If the national agreements
with railroad labor could be abrogated
and you had a free hand in eliminating
inefficient men and doing away with
useless jobs. could you reduce your
operating ratio to reasonable figure
without reducing basic wage rates ?"
The railroad officers were unanimous
in declaring that some reduction in
basic wage rates would have to be
made. The estimate Of the extent of
basic reductions differed widely. The
nearer the men were to the actual
operation Of the roads the more hope
full they were regarding the extent Of
saving that could be effected without
wage scale reductions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Burlington Hearing Tomorrow

What is expected TO be the final hear
ing before the Interstate Commerce
Commission on the Great Northern and
Northern Pacific railroads application
TO issue $3.50 100000 in joint obligation
bonds to meet their $215,000,00o joint
Burlington collateral maturity of next
July is scheduled to be held tomorrow
at Washington. Railway officials and
bankers will be represented The con-
ference is expected to be followed by
an early decision Of the commission. II
is the hope of the bankers that the way
may be cleared so as to make possible
an Offering of the bonds early in May
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Nonpartisan Enterprise
Receivership Discussed

MINoT, n. D., April CLEARING On
a petition in bankruptcy and asking
appointment OF receiver for the Con-
sumers United Stores Company. was
scheduled in the District Court TODAY
Attorneys for the petitioners state
that the voluntary receivership action
was brought to Offset bankruptcy
petition by unfriendly creditors. OFF
Gals Of the company claim the action
would enable the concern to weather
the present crisis in its affairs
The company was organized in 1917
by j. W. Brinton. formerly secretsrv
to A. G. Towniey, president oe the Non
partisan League, and lad league en-
Gorsement
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Farm Labor Situation
Easiest in MANY Years

WASHINGTON. April 9.-The farm
labor situation in the United States
is decidedly easier" than it has been
for three years, it was announced to-
day at the Department of Agriculture
Reports TO the Bureau of Crop Esti-
mates April L showed that while the
percentage of normal supply was % .
the relative demand was only s7.5 and
the ratio of supply to demand was
1855
Reduction OF from - TO 80 per cent
in farm wages, az compared with last
year, and an ample supply were re-
ported by several Eastern states.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Atlantic Cuff

The more optimistic feeling in off,
cial quarters over the Atlantic, Gulf G.
West Indies Steamship Lines to work
out the company's financing problem
has been reflected for several days in
tirmer tone to the stock. Yesterday
the buying in this issue was more pro-
nounced and by the close the stock
had registered net advance of III
points. President Nicol, in a state
ment to stockholders, issued after the
close of the market, expressed conf
dence that new financing plans would
result satisfactorily to the company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Russian Gold Mystery

Paris advices telling OF the heavy
shipments to London and Paris of Rus
sian Soviet gold would appear TO sub
stantiate the rumors afioat here of late
to the effect that some of the gold COM
ing to New York on the current move
ment from France and England is of
Russian origin. The Russian gold re-
ceived in France is said to have ap-
proximated s50,000,OO0. Since the be-
ginning OF the year $4,000, 900 in gold
has been shipped to New York from
Paris. and a good deal OF mystery has
surrounded the movement, the bankers
interested in the transactions refusing
the discuss the matter.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Grain Growers Act
Board of Marketing Group
Holds First Session

CHICAGO, April 9.-The first bust
ness session of the temporary board Of
directors of the United States Grain
Growers, Inc, the national cooperative
grain marketing corporation organized
by farmers representatives,, was in
progress here to-day.
c. II. Gustafson, of Lincoln, Neb.,
has been chosen chairman of the tenn
porary board and Frank NJ. Myers, of
Fort Dodge, Iowa, temporary secretary.
Both officers were members of the
Committee of Seventeen, which pro-
NOTED the farmers national grain
marketing plan.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10

MONTREAL, April s.-Howard G.
Kelley. president Of the Grand Truns (
Railway Company, will leave for Lon
don next Tuesday for important con-
Ierenees relative TO the roads future.
1t was announced to-day. Among other
things, he viii consult sh8rehoiders
and directors on possible arrangements
arising from the governments an
nouneee desire to acquire control Of
the railroads properties prior 10 corr
pietion OF arbitration proceedings Ga
the valuation Of the SYSTEM.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Inspiration Copper
Earns SI.04 a Share

The Inspiration Consolidated Copper
Company reported a surplus for the
year ended December 81, after charges
and Federal taxes, of 81, 294,276 equiv
alent to 1874 share at $50 par value
earned on the 1923 ,639,3 40 outstanding
capital stock, compared to S4,1S6,6 29,
or S3-54 share, earned in 1919.
After payment Of dividends there was
deficit of 81 ,s42 500. against deficit
of 81 ,9o5,1 Net income amounted to
S1,965,797. contrasted with S3,94S,e3l.
Cash on hand was given as SIS. 5a2.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10

YOUNGSTOWN, Ohio, April Gin
dependent steel companies OF the
Youngstown district to-day indicated
that they viii not follow the example
of the Republic Iron and Steel Com
pany, one OF the largest independents
here, in raising the price of plates, bars
and structural steel 81 q ION.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Texas Company Expansion Plans

According to advices from Houston
Tex, large expansion program has
been mapped out by the Texas Com
pany through the proceeds from the
sale of $21, $50 600 additional stock
Denial is made that any part of this
money is to be used for the purchase
of crude oil, it being stated that all
such purchases are made out Of gen
eral revenue Not only is the we'll
drilling program Of the company, both
in the United States and Mexico, to
be enlarged but important additions
are to be made to its marketing facili-
ties Throughout the world.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10

PARIS, April 9.-Prices were steady
on the Bourse to-day. Three per cent
per cent loan SO francs IS confines.
The dollar was quoted at IA francs
lala eentlmes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Changes Are Small
La Quiet Trading
On Outside Market
Greatest Activity Displayed
in Oil Group; Bonds Are
Firm in Large Turnover;
. Fluctuations Are Narrow

The\outside market was an intensely
quiet affair yesterday with the great
est volume OF activity appearing in the
oil shares. The genera. run in stocks
moved narrowly and net changes at the
close We're small.
The first sale OF Imperial Tobacco
Of Great Britain and ireland in weeks
was made at g
Bonds on the curb showed heavy
turnover, with a general display of
tirmness.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10

ae rroNDoN. April Bar silver. 3sksa
&. &. ounce; bar gold, l04s ia. Money
nm. per cent. Discount rates--Short
81 - per cent; three month bills
Iiskson per cent. Gold premiums At
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Daily Oil Production

The daily average gross crude oil
production in the United States for the
week ended April z amounted 70
1,263, $40 barrels, compared with 1859
ing to estimates of the American Pc
troleum Institute. The Mid-Continent
average was 650,l50 barrels, aguinsc
SAT $50 barrels the previous week.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Bid and Asked

Following sre the closing bid and
asked quotations Of stocks listed or the
Stock Exchange in which there were
No transactions YerterdaV:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Pure Oil Merger
'ure Oil Company of Nj
n merged with the P
u IF Ohm cr "a rnnrI4 q

The Pure Oil Company of Minnesota
has been merged with the Pure Oil
Company of Ohio, as a result Of which
the latter concern now has a large dis
tributing and marketing organization
IN the Northwest The main plants,
including a refinery, compromising and
manufacturing properties Of the Min
nesota company. are located at Mime
aposis, and branch distributing units
extend as far west as Spokane The
company also has plants at Saskatche-
wan. Canada. In Minneapolis and St.
Paul the company owns and operates
thirty nine filing stations outside Of
its main plant and is the largest dis
tributor Of petroleum in those cities.
The gross annual volume Of business
Of the Minnesota organization in the
last calendar year was approximately
5o,0o0,o0o gallons. which is the largest
year in its history.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
In W. all Street


As the time for ii. Pennsylvania
Railroad April dividend meeting APP
proaches the stock becomes weaker.
In some quarters the decline Of the
shares is believed tb presage a reduc-
ton in the present q per cent divi-
dend rate. At yesterdays low of 32ss
the stock was at the lowest price
since the late '70s. The Pennsylvania
management is etrenuously trying to
effect economies of operation but has
not been able TO Offset the high wages
which eat up the bulk Of the com
pany's income. The weakness in the
rails yesterday was not alone con-
fined to Pennsylvania Other issaes
declined, Northern Pacific getting
down to 1874, but BY the close the
stock had rallied to TAN in the gen
ercl covering movement that spread
through the list in the last half hour.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
FAR EAST
.45.75 1875
1900 As, 0e
THE AMERICAS

Demand 22.6e5 32.s25 431S
Cables ..-......3 $40 32.T5 48S5
BRAZIL tpar 32.l5 cents paper rnlfrelsp
Demand $50 1875 &TI25
Cables 1876 1885 gT9a
PERU tpar sass potMd)
Checks --...... 3.77~ s.77 AIS
ECUADOR (par S.e0 cents a sucrel
Checks (nonainai1S2.z 22.25
CHILE tpar 565 cents peso}
Checks 30 i5.125 1850
URUGUAY (par Io3. AZ cents a peso)
Checks $500 eS75
VENEZUELA (par 1913 cents bolivar)
Checks ...-.-.16.26 1875
Canadian Exehange--Ncw York funds in
Montreal, Ia1 per cent premium: Montreal
funds in New York. ii per cent Discount
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10

Unlisted. fseils cents per share.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-10
Transactions Yesterday in Listed Stocks


New York Tribune Incl
Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1921-12-16

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Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1921-12-16
BLINDED BY WAR
BUT DID NOT STOP
Continued from first page)

En- route to Russia Mr.. Skeyhill
toured France and Czecho-Slovakia,
via Berlin and Vienna He entered
Russia by running border lines at
Riga, for he was refused a passport
in the United States. He spent sew
eral months disguised as a Swedish
workman, and attended the meetings
of the Soviet industrial workers in
several of the leading Russian cities.
He saw the poverty, disaster and
famine that have stalked in the wake
of the Russian tragedy. He brought
back an up-toAdate first-hand study
of actual conditions in Russia.
Roosevelt Paid Glowing Tribute to
Tom Skeyhiu
When the late Colonel Theodore
Roosevelt spoke at the same patriotic
meeting in the Metropolitan Opera
House, New York city, just before
his death, with Anzac Tom Skeyhill,
he said: Il am prouder to be on
this stage with Tom Skeyhill than
with any other man / know"
AS a speaker, Tom Skeyhill is the
greatest the war Produced silver
tongued master of e1oquence-a
matchless orator, whose powers of
description are vivid and whose word
pictures are more brilliant than
those of any orator now in America.
He has spoken at many important
meetings, in addition to speaking sew
has appeared as a speaker in the
same meetings with Ex-President
Wilson, with Ex-President Taft, with
former Governor Whitman of New
York, with Hon. Elihu Root, with
Secretary of the Navy Daniels and
many other notables
Mr. Skeyhill visited Russia the
past year, entering by way of Riga,
along in December, and returning
here early in April While there he
visited many of the important cities,
studied the conditions of the work
ing and peasant classes, the general
industrial and agricultural condi-
tions, and particularly, of course, the
political situation. He brings back
a wealth of first-hand information,
and his lectures given before more
than 10000 people during the past
summer on our largest Chautauqua
circuit have shown very conclusively
that Mr.. Skeyhill is a real prophet,
in view of the late turn of events in
Russia.