davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16
The Dollar i'm Foreign Exchange

Continued weakness Of German
marks was virtually the only feature
Of yesterdays foreign exchange mar
kets. Cable rates on Berlin sagged to
1.16 cents mark, the lowest quotation
Of the year and within short distance
Of the record low reached last year.
The situation, apparently caused by
speculation in connection with repara-
tions payments, calls attention again to
the possibility Of a readjustment Of
German finances to new basis.
Other currencies moved within a
narrow range, sterling and several
leading continentals turning slightly
easier, cable rates on London closing
" cent lower at s36eA. Assurances
from the Reparations Commission that
transactions in connection with the
August 81 payment would be made
with as little exchange unsettlement
as possible were taken to mean that
the situation was we'll in hand.
Far Eastern rates ruled firm. Be-
cause of the holiday in parts Of South
America quotations in this group were
largely nominal.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16
In Wall Street


A dozen or more Industrial stocks
registered new low prices for the year
in yesterdays drive, and observers
who doubted predictions Of few
weeks ago that stocks would fall be-
low the June bottom before the end
of September were more inclined to
change their views. Still, there is an
undercurrent Of belief-or hope-that
there will be turn for the better
based on the improved outlook for the
railroads in the mean time. Some in
sisted that were it not for the quiet
accumulation of stocks at the present
low levels yesterdays break would
have been more pronounced. AS 1t
was, U. S. Rubber common and pre-
ferred broke through previous low
marks of the year. Others which es-
tablished new lows included Industrial
Alcohol, Central Leather common and
preferred, American international,
Continental Can, Chandler, Interna-
tional Paper, international Harvester,
Utah Copper, Allied Chemical and Vir-
ginia Iron, Coal and Coke.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16

The death of Colonel Samuel P. Colt,
chairman of the United States Rubber
Company, on Saturday was followed
yesterday by further selling Of the
preferred and common stocks, but
the preferred found less support on
the. way down than the junior is
sue. This was probably due to the
fact that there was not so large a
short interest to act as cushion.
Although going to new low for the
year at 46A, the common closed at
47a, only y of a point under Satur-
days last sale. The first preferred
dropped to "a and ended the day at
SO, net loss of 2A points. The
Street was still talking about the pos
sible market effect Of Colonel Colts
passing from the affairs Of the com
pany, inasmuch as it was generally
believed that he was large holder
of the common stock. The point was
also stressed again that the earnings
statement for the six months ended
June 80 last may prove to be a distinct
to holders of the stock
generally.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16
Little Change
From r revious
Market Trend


The financial markets were quiet ves-
terday at TIE beginning Of the new
week and at the Stock Exchange the
character Of the dealings in speculative
securities was little changed from
what Wall Street has been experience
ing Of late. In the absence of signifl-
cant developments over the Sunday re-
cess the impulse to buy was lacking
and the professional bears seized the
opportunity to apply fresh pressure to
the industrial list, with the result that
in number Of instances new low
prices were recorded.
For time shortly after-the opening
stocks were in rather free supply and
the industrial issues against which the
pressure was most pronounced offered
little resistance. Mexican Petroleum,
General Asphalt, American Sumatra.
United States Industrial Alcohol.
Famous Players, Pan-American Petro-
leum, Central Leather and General
Electric wore among the weakest spots
on the early setback. Around the mid
die Of the day the market turned dull
and moderate recover1es took place.
but they were not held and the general
price range at the close was lower.
International Harvester developed spe-
cial weakness in the afternoon. drop
ping below 70 from an early high of
70. Steel shares and the rails as a
rule held up firmly.
| In the foreign exchange markets tho
continued weakness of German ex-
change, which carried the mark to a
new low for the year, contrasted with
hrmness in other quarters. The Ger
man government made yesterday an
other payment on Preparations account,
this time turning 100000 over to the
banking agents here Of the British and
Belgian governments. The offerings
OF German marks were swelled by
selling from Switzerland and Holland
on arbitrage operations.
| Call money ruled firm at 6 per cent
in anticipation of heavy Withdrawals
to-day by the government. The with
drawals for the country at large will
amount to s12o,ooo,ooo, Of which $685.
100000 will come out Of locel banks.
The operation will be offset, however,
by the retirement by the Treasury OF
epproxirh ately 1857 100000 Of 6 per
cent certificates of indebtedness fall
ing due to-day, of which approximate
| " $59,00O,000 are held in this district
Such he@vy shifting of funds neces-
sarily will result temporarily in some
| tightening of rates, although the main
| factor making for firmness in the
money market is the flow of banking
funds to the interior to meet the de-
mands Of the crop-moving season.
| The comm odity markets were dull
and price changes were small and I'M
important.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16
Deficit Is Shown
Bv General Motors
Despite Recovery
Inventories Are Reduced
Only S17,l83, 900 in Six
Months; Revival in Last
Quarter of Some Help

During the six months ended JUS
80 last the General Motors Corp0's
ton reduced its Inventories by 'n''
S17,183,0o0. The half yearly report -
sued to stockholders to-day shower :.
ventories at the close Of the pe7'0o !"
be $147,502, 900, while earnings ass"
able for dividends amounted to ss0'''
900. This was sS.762,ooo less than W.
amount disbursed to shareholders
The earnings amounted 10 81 csn'S
a share on the common stock al'e' =.
payment of 7 per cent and per ee 20.
respectively on the two issues ia
benture stock and 8 per cent 0" -,
preferred. General Motors mas - ~.
standing 20,529, 600 shares OF ss0se go
no par value reckoned for balance '"''
purposes at $40 per share: N
There was a considerable lncrssss a.
earning power in the second quA..s II
compared with the first quarter "a
1921, net earnings for the nfss he
months being s3,7o8,0oo ana "a '0'
second three months S1z,55z, Ovu. h,s;.
Even with the improvement = Nv
ness that took place IN Aprs';; ros;-
and June the companys hnancia ;ad pas'
ton IS still a reflection OF the 'nnss
conditions of the war period Pin, Digr+
over into a period Of extreme eoS oa aaa =
Notes payable amount TO $ss, oy as az
accounts payable to sls.sSs: o0u D,, t s..
of these items show a reduction ~
the December 81. 1920, balance zee. . stss
but payroll, taxes, etc. not on s,ss.sa
an increase, so that the total reoa az
in current liabilities du raa "a ~ rs
months was about s4,700,ooo ana -
amount to $4,000, 900. Soas $50.
Current assets amount 20 sSos..rr.a
600. which is a reduction as e0 oas aso.
with December 81 e about 20 'y n col.
Some progress has been made - Ne.
lecting notes receivable when "a rsr
cember 81 stood at slS.449,ooV ana a.; AN
stand at ss,Iss, 900 and in e9llsss,sssss,
accounts receivable, which on De time 81
81 stood at SO, ool 900 and on }uns %
at s21.043, 900. Cash on haad sas'
amounted to S4D, 1864, 000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16
Bankers Discuss $4,000, 900
Plan for Loans to Farmers

CHICAGO, Aug. ia proposed
s2o,oo0,000 bond issue which would pay
5h per cent and from which money
would be lent the farmer at per cent
for periods of from ten to thirty-ive
years was discussed to- day by bank
ers from twenty-five states, represent
ing twenty-three land banks. The
meeting was under the auspices of the
American Association of Joint Stock
Land Banks.
The association, operating under the
Federal farm loan act of 1915, had
failed to function for two years be-
cause of restrictions. which, it was an
nounced. had been overcome.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16

On the New York Metal Exchange
tin was dull, with Straits and Straits
shipments quoted at 28.00@26. 62Mc;
standard at 26.00c for spot and 90 per
cent at 10000 asked. Copper dull;
standard spot, August and September.
11.62Mc, and electrolytic spot, August
and September, 1225c, all asked. Lead
steady; New. York spot, 4.50c asked,
and East St. Louis spot. 4.25c asked.
Zinc dull; New York spot, 4.56c, and
1Ast st. Louis. 4.25 asked.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16
Money and Credit

Call money held firmly at 6 per
cent yesterday and some small loans
of time funds were made on 6h per
cent basis, an advance of Il. The
Treasury is withdrawing $4,000, 900
from local banks to-day, total with
drawals for the whole country being
100000 of certificates are being re-
tired in the country at large, of which
$50, 100000 are held in New York.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16
Sicily OIL EARNINGS

For the six months ended June 80
the Sicily Oil Company reported total
gross earnings of 81, 428, 757 and intra-
company operations profit Of S84.818.
Operating expenses amounted to s797.-
$50 and incidental losses amounted to
S226,303, leaving total net earnings for
the SIX months of $1,489, 1892.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16
General Electric

General Electric turned weak again
after last weeks meeting of the ex-
ecutive mittee, at which, by the
way, only routine business was trans
acted. Yesterdays selling was accom-
panied by renewed talk of selling, by
rich men" who were using this method
to obtain ready cash. In recent dis
cussions concerning defiation the ar
gument has been put forward in some
quarters that General Electric has
been selling out of line with other
industrials paying Just as high divi-
dend rate. At 112A the stock was
within half point of the years low.
The net loss for the market session
was 2B points.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16
A Tip That Went Wrong

The latter part of last week the tip
went forth from certain quarters Of
the Street that the "insiders" in Mex
lean Petroleum were going to stage a
rally in the stock, beginning yester-
day. But somehow or other their plans
seemed have struck snag, for the
truth was that "Mex PET was one
of the really weak issues yesterday, de-
Ginning from high Of 97A to SO
and closing AZ points down at 93Gs
The feature of the trading was the
decline in the last half hour, when
most of the break took place. Pan
American 3D." another Doheny issue,
sold down to the former low record Of
80. while the IA" stock got down to
43A.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16
London Market Quiet

LONDON, Aug. 15.-Trading was quiet
on the Stock Exchange to-day. Bar gold
was quoted at 112s; money was loaned
at per cent. Discount rates were:
Short bills, As per cent; three-month
bills, 47s per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16
Bid and Asked

Following are the closing bid and
asked quotations of stocks listed on the
Stock Exchange in which there were
no transactions yesterday:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16

In connection. with the statement to
stockholders of the American Drug
gists' Syndicate, issued by c. H. God
dard, president, attention is called to
the company's effort to get back to nor
NAL by marking down Inventories. Ex-
planning the deficit Of s741,S4O in the
frst six months of tbs year, Mr.. God
dard says: "We reduced prices on fin
ishcd goods, regardless of the fact that
the unfinished merchandise and finish
ing supplies had been purchased at
much higher prices. This, together
with inventory loss and decreased vol
ume of gross sales, has resulted in the
deficit. On December 81, 1920, we had
an inventory of raw material and fin
ished stock of S2,950.000. Since Jan
uary 1, this year, there has been ar
average decline of 1872 per cent in the
market price of the first 100 items, rep
resenting the first ten items in each of
the ten departments that go to make
up the total inventory, which would
seem to give fair average. This alone
accounts for the poor showing for the
six months period"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16

The Copper Export Association yes
terday paid off its Series A notes, due
February Is, 1922, to the amount of
S1.000,000, these being callable at 10l
under the provisions Of the indenture.
When notice of the calling in of these
notes was sent out few weeks ago
it was assumed that the association
had been able to obtain funds at less
than 8 per cent and had decided to
withdraw them to save the difference
in interest, but it was said yesterday
that the funds for the transaction
came from sales Of copper abroad
Paying off the notes has attracted not
a little interest in bond circles be-
cause 1T is one of the largest transac-
tons of its kind scheduled for the
month. 1t also called attention to the
growing financial strength of leading
copper producers, which has been sug-
gested from time to time previously.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16

market situation in the stock, forcing
it down to s0s4. a net decline OF y
points. The Stock Exchange has 20 20
mittcd to trading the sl50Qo,oOO n 4.
teen-year 61a per cent bonds wr nc,
were recently sold to bankers. Ias
bonds were offered to the public en-
SEQ basis, Earnings so far this 5ess
show d slight margin over the p''
cert Dividend feQpirements.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16

Bank Clearings = Bank clearings at
New York yesterday were Exchanges,
$377 100000; balances, $58,800,000.
Silver-London, SD; New York, do
mestic bar, 99hc; foreign, 81 nc; Mexi-
can dollars, 47c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16
Dividends

National Transit Co.--An extra dividend
OF 81 share has been declared. PAYABLE
september Is. to stockholders OF record
August 81. 49, ~
Regular Declarations
Stockh'ers
OF
Rate Period Payable Record
Sta nd OIL OF N.J.$1.25 Sept. is Aug pa
do pf LIS Sept. is Aug. 20
Hoed Rub Co. pf 1890 Sept. Aug. I
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16

Although Western Union loaned at
bears were still in command Of the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16
Baldwin Locomotive

Further advices from Philadelphia
concerning the trip of Samuel M. Vau-
claim, president Of the Baldwin Loco
motive Works, to Mexico said yester-
day that Mr.. Vauclain had arranged for
a credit Of $2,5O0.0O0 to the Mexican
government for the purchase Of loco
motives and had also given the priv
ilege Of an additional credit Of $780,
900. Under the first credit, it was said,
Mexico ordered forty-fve locomotives
and also twenty engines. the latter un-
der a separate condition of payment,
making total orders for sixtyhve en-
gines, which the Baldwin head brought
back with him. Concerning conditions
in Mexico he was quoted as saying:
"The railroad line from Laredo to Mex
leo City is in better shape than most
OF the railroad lines in the United
States. It looked like the Pennsylva
mia Railroad. The City of Mexico looked
better than / ever saw it before. 1t is
increasing in size, looks prosperous, is
clean and healthy and we'll governed
The country appears to be in per-
fectly stable condition and there are
no signs of discord or dissension."
The Street has had some bear tips on
Baldwin during the past few days,~but
recent developments would seem to in
dictate that they had little foundation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-16
Industrial Alcohol

Selling Of Industrial Alcohol was at
tributed to the belief in many quarters
that the directors at the meeting
Thursday will either cut or omit the
usual dividend. Rumors of such a
move have been heard before, but they
appear to be more insistent this time
Those who take bearish view point
out that denatured alcohol in car load
lots has recently sold as low as 26 cents
a gallon, against $1.15 in 1920. 1t is
contended that the income from the
company's new produce, Alcorub, has
not been sufficient to offset the loss
from the principal product of the COM
par1Y.
The Nevada County picayune., 1921-03-24
GOVERNOR MRAE PR0CLAIMS
 CLEANUP WEEK, APRIL 11-1S

As Governor McRae has proclaimed April II to IS cleanup week for all cities and towns of the state, and has requested all health authorities. civic organizations, medical societies and all citizens to help in this work, and as we know that our Mayor always is sues cleanup proclamation in the Spring and that in April our anti-am- larial campaign will te inaugurated. | feel that it is not too soon to make Il call to the Park Association, our civ ic organizations to help in this work
 We know that women are always leaders in this movement for homes and towns beautiful. A man in Washing ton said the other day, "Woman's in- fluences in politics is slowly changing our ideas in cue vital respect, instead of thinking any longer in terms of pri- vate business, we are beginning to think in terms of public housekeeping from the smallest town hall to the national government itself, we have got to clean up, or take the consequences. This is true of Woman's influences every where.
 The service ideal began to dominate American business just as the first American business woman began to grow into positions of executive trust And it is fact that American women have been the pioneer and are now the veterans in this campaign, the greatest civic crusade of the present day. The cleanup campaign of America.
 In more than 10000 American towns and cities there has grown up this movement, this institution, in which womans influence is predominant. 1O,- 900 towns and cities have cleaned up regularly in the last few years and very largely through the influence of women. These communities have the habit, their permanent committees re-
The Nevada County picayune., 1921-03-24

vive the campaign enthusiasm annually What does this mean in concrete terms7 Millions of rubbish heaps removed, waste paper and garbage cans installed, the fly and mosquito problems solved fences painted and white washed the first time since they were built, streets and alleys cleaned, public buildings painted interiors redecorated and grounds beautified, bill boards removed, school children educated in sanita ton and fire prevention. Vast reduction ill fire insurance rates, spontaneous de velopment of community spirit. These are only few of the net results from clean up campaigns all over America. In not one instance where the women took the important part in these cam paigns did they fail to put over" sue cessfully the cleanup idea. We do not believe we need to greatly urge upon the women of Prescott the fact that such a campaign is needed. There is no town in America that doesn't need cleaning, most of the 10000 pioneer campaign cities are still at it. It is a permanently profitable civic invest ment, indeed it must be. continuous thing.
 Scores and hundreds of towns join i'll this work for civic welfare. The cleanup movement is becoming a per manent institution under the stimulus of teamwork and civic pride, the most indifferent householder will join in the competition to see who will have cleanest premises and the most attrac- tive home and the prettiest town. Beau ty along with cleanliness is the doctrine Truly the "parlor" variety of civic worker has become obsolete in the ranks of American club women and it has been declared by stat and national leaders in women's club progress that the local cleanup campaigns offer the
The Nevada County picayune., 1921-03-24

discharge. The negro then turned to run and Mrs. Baer again pulled the trigger, but the gun again missed fire. The negro ran out a side door and was later tracked to Fourteenth street, where he reached a concrete sidewalk.
 Mrs. Baer immediately notified her father-in-law. who armed himself and hurried 10 the home, four blocks away, Mr, Baer searched the neighborhood, but found no trace of the negro. Mrs. Baer described the negro as being very black, wearing a slouch hat pulled over his eyes and dark suit, the coat of which was buttoned around his neck Gazette.
The Nevada County picayune., 1921-03-24
1000 Men in Mob

Shortly before o'clock tonight more than ,O00 men had collected at the jail Eight men went to Skaters cell, releas- ed him and started for the public square. The mob was orderly.
 The point where the lynching occurr- ed probably had been selected previous ly, as all members of the mob seemed to know where to go. A long rope was lying on the ground underneath the telephone cable. One end of it was thrown over the cable, while the other was tied about the negros neck.
 Let him go" some on shouted, and the negros body was slowly hoisted It was let down immediately Slater confessed and again his body was drawn up This time it was riddled with bullets.-GaZette.
The Nevada County picayune., 1921-03-24
NEGRO HANGED
 AT MONTICELLO
CONFESSES TO ATTEMPTED AS SAULT ON WOMAN AT WILMAR
 1000 MEN IN MOB

Monticello. March 22-Phil Slater negro. aged 90, was lynched here to- night on the public square by mob of about 1 .OOO men for attempting to as sault white woman It Wilmar week ago. The negro was identified by the woman this afternoon.
 II done it, gentlement, but please give me a trial" the negro pleaded with the leaders of the mob. A rope had been placed around his neck, and the other end thrown over a telephone cable. The body was raised several feet into the air, and then lowered. The rope was loosened. and Slater was ask ed if he had anything to say. 1t was then that he confessed.
 Instead of granting the blacks re- quest. the mob again hoisted the body, and immediately pistols were brought into play More than 100 shots were fired into the negro's body.
 Skaters body was cut down about an hour after the lynching, and turn ed over to an undertaken. A coroner inquest probably will be conducted to- morrow, after which relatives of the negro will take charge of the body.
The Nevada County picayune., 1921-03-24
Arrested by Mayor.

Slater was arrested at Wilmar this morning by Mayor l.. F. Dunlap and former City Marshal Frank Owens of Wilmar. He was placed in jail with three other negroes. The woman who was attacked pointed out Slater as her assailant when the four were brought before her.
 A short time later Sheriff H. c. Burks and two deputies left Monticello in an automobile with the prisoner. They had planned to take him to Pine Bluff for safe-keeping. However, about two miles out of town they were met by about 50 armed men who an nounced their intention of lynching Slater. The officers decided to return the prisoner to Monticello and to sum- mon extra guards to protect him.
 Reaching the jail the officers found large crowd had gathered. They locked the prisoner in a cell and Sheriff Burks started to leave town, carrying the keys with him. He was stopped by members of the mob, however, and informed that if he refused to turn over the keys the jail doors would be battered down. He surrendered the keys, but pleaded with leaders of the mob not to lynch the negro.