davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-01-12
Prices Advance
To New Highs
For Movement
Rally Follows Strong Effort
to Cover; Profit Taking
F il S ITO C. h e c k Prog
ress of Securities

A nervous and much harassed bear
party encountered more trouble in COW
er'ng comm itments in the stock mar
ket yesterday, where prices advanced
further in the general movement
toward recovery. All along the line
new high prices for the rally were
established in most vigorous out,
burst of strength. A
The market met substantial profit
taking sales as we'll as offerings made
with view to checking the rally. but
they were we'll absorbed without seri-
ously imped 'ng the progress of prices
toward higher levels. The action of
many of the market leaders, such rs
Steel common, which sold close to IS,
was considered most impressive.
The further pronounced recovery in
stock prices occurred simultaneously
with an easing off in the money mar
ket. Although the leading rate at the
New York Stock Exchange did not 20
below 6 per cent, call money was loaned
over the counter in the outside market
on basis as low as Az per cent. This
is the lowest rate in more than a year.
Evidences of easier money conditions
were also discernible in the market for
prime bankers acceptances, where
rates have been shaded as a result Of
the heavy demand for bills. Banks and
institutions are active buyers of this
form of bills.
Outside of the stock market the most
important development was the further
recovery in the foreign exchanges.
Sterling, which has been mounting
steadily for more than week, rose to
$3.76, which sets the highest level since
last summer, marking an advance Of
more than 40 cents to the pound from
the low of early in the autumn. The
upturn in sterling is due to repur-
chases for speculative purposes and
also to growing recognition of the
improving position of British govern
ment finance
In the stock market there were
number of interesting price f1uctua-
.tiens. The action of Cruc BILE Steel,
which spurted' for net gain of 91a
cents, reflected a situation bordering
upon bear panic. Traders who sold
Crucible for the fall are paying a sub
stantial premium on the stock bor-
rowed for purpose of making delivery,
which indicates the extreme pauc ty of
tiC iio0CAiiS supply OtHCA SopCSIdllJ
strong spots were the Marine issues,
Atlantic Gulf & West Indies, Fisher
Body Vanadium Steel and Worthing-
ton Pump. Steel common rose within
a small fraction of IS. The market
continued broad and active, with total
dealings running in excess of mil
lion shares. The op Mon of many
skilled observers of market conditions
is that the recovery has been some
what too rapid to hold, and that re-
action must be looked for as a matter
of course In the bond market there is
an excellent absorption VIII ch is taking
up old as we'll as new issues. Several
pieces of new financing are under con-
sideration.
The commodity markets were some
what irregular, with cotton yielding on
realizing sales. Grain prices were
firmer on indications of better export
demand
New-York tribune., 1921-01-12
United States Food Products

It is understood that within the next
few days there will be special meet
ing of the United States Food Products
Company, at which it is believed that
several important changes will be
made in the official roster. Those who
professed yesterday to know what is
going to take place said that julius
kessler, president, will be made chair
man of the board and that G. @. Pal
mer,, at present vice-president Of the
Todd Shipyards Corporation, will be
elected to succeed him. 1t was also
reported that & new vice-president will
be elected to succeed D. X. Weiskopf,
who has resigned as vice-president and
director.
New-York tribune., 1921-01-12
Crucible Climbs Higher

That the short interest N Crucible
Steel has not been eliminated by the
10 point rise of the previous day was
demonstrated yesterday by gross gain
of II points and net advance of 91a
points. The sensational climb of the
last two days was accelerated bv the
action on the part of lenders Of the
stock in demanding that the borrowers
pay a heavy premium. This premium,
which amounted to $50 100 shares on
Monday, was advanced to 500 a 100
shares yesterday and the bears rather
than pay the high cost of staying short
overnight continued to buy the stock
tor whatever it would bring. In some
instances where the shorts were un-
were forced to buy in "for cash" at a
price higher than the transactions made
in the regular way, or for delivery the
following day.
New-York tribune., 1921-01-12
May Offer Bonds Direct

Spurgeon Odell, special representa-
tive of the Bank Of North Dakota, who
is seeking to sell New York bankers
S6,20O,000 of bonds of the State OF
North Dakota without much success,
said yesterday the matter of Offering
the bonds over the counter here was
being given serious consideration
Having found it impossible to market
our bonds through the regular chan
nels,' said he, 1--WE may undertake to
open offices here and peddie out the
bonds direct to the ultimate investor
without the assistance of the bankers.
If this is done we shall undertake an
extensive advertising campaign"
New-York tribune., 1921-01-12
Exchanges Mount Again


The striking exhibition of strength
IN the, foreign exchanges continued
yesterday as one of the most interest
ing developments in all the financial
markets. Sterling rates, although ex-
ceedlngly erratic at times, nevertheless
and closed at s3.76, a net advance of
3A cents in- the pound. Francs also
joined in the upward movement. Lire
dragged somewhat. Experts on inter
national finance professed ignorance
of any specific developments which
would account for the sensational rise
in sterling during the past fortnight.
One prominent banker held that it was
merely reflection of the steady prog
ress being made by Great Britain
toward a more suitable financial posi-
New-York tribune., 1921-01-12
In Wall Street
Goodyear Meeting

Representatives of the principal bank
and merchandise creditors Of the Good
year Tire and Rubber Company held an
important conference with Paul D.
tCravath, counsel for the company, in
the financial district yesterday. When
asked whether any plans had been
formulated for meeting the company's
obligations Mr.. Cravath stated that
excellent progress was made in the
right direction" Banking loans to the
goodyear company in the amount of
S2s,000.000 mature on February Is,
while the merchandise obligations bring
the total up to a much larger sum.
Mr:: Cravath said that no discussion
took place about a possible receiver
ship for the company. Further con-
ferences will be. held in an effort to
tide the company over ats present
financial difficulties,
New-York tribune., 1921-01-12
Allis Chalmers

Untitled orders of the Allis Chalmers
Manufacturing Company at the end of
1920 aggregated total value of S17,-
100000, according to figures obtained
yesterday: This represented an in
crease Of s2,ooO,0OO, compared with the
year before. One order received dur
ing the closing weeks of the year called
for the manufacture of 81 ,O00,0OO of
gas engines for a prominent steel COM
pany. Earnings of Allis Chalmers COM
pany in 1920 are reported to have ap-
proXimated 50 a share on the common
stock. New orders are said to be com
ing in at the rate of about rs per cent
of CAPACITY.
New-York tribune., 1921-01-12
Active Acceptance Market

Dealers in bankers acceptances said
yesterday the demand for prime bills
is so heavy thu they were having diff
iiculty in filing orders The market
has broadened in pronounced fashion
since the turn of the year and institu-
tlons and banks are taking all of the
bills available Rates have been re-
duced on all prime bills and are down
now an average of Is to Il on all
maturities. Easier conditions in the
call money market have caused MANY
institutions to turn to acceptances as
a more profitable medium for short
term investment.
New-York tribune., 1921-01-12
U. S. Steel Investment Holdings

That the drastic decline in United
State Steel common last year was taken
advantage of by investors to augment
their holdings is indicated by the fact
that holdings on December 81 amount
cd to 3.S03,i6S shares, 4.S3 per cent of
the whole issue. and record figure.
The highest previous record was on
September so, 1920. when investment
holdings Of the common stock were re-
ported as 3.522.No0 shares. Brokers'
holdings of Steel at the close Of the
year were 1,279.557 shares against L.
560,1 125 shares three months previous.
New-York tribune., 1921-01-12
N. Y. Air Brake Gives
Bonus, Then Cuts Wages

The New York Air Brake Company
has announced 10 per cent reduction
in the wages of it's employees, effective
the corporation, whose plants are To-
Gated at Watertown N. Y, estimated j
Yesterday that two thousand men are
affected by the cut Every man in the
working organization, said Mr.. Star
buck. from Office boy to Office manager.
is affected by the wage revision.
Announcement Of the cut followed
New-York tribune., 1921-01-12
Rush for Montana Oil

Speeding up of development work in
the Montana oil region as result of
recent important discoveries is pre-
dicted by the Northwestern National
Bank in its January review 1t is
stated that approximately 800 foreign
articles under the law of the State of
Montana permitting them to operate.
The greatest activity to date has been
in Fergus and Musselshell counties,
whore operations center in Lewistown
and Roundup.
New-York tribune., 1921-01-12
Wire Wheel Corporation

Stockholders Of the Wire Wheel
Corporation of America have received
notice from the company's offices at
Buffalo that the payment due January
l of dividend of 2 per cent on ac-
count of back dividends on the pre-
ferred stock had been postponed. The
company stated that although its CON
dtion was favorable it was considered
the part of wisdom to conserve cash
resources at least for the present.
New-York tribune., 1921-01-12

LONDON, Jan 1t.-Bar silver, 39zd
an ounce; bar gold, 102s 10d; monev, 5
per cent. Discount rates--Short bills,
w to GM per cent; three months bills,
8 ll-l6 per cent; gold premium at Lis
bon, 140.
New-York tribune., 1921-01-12
Paris Market Firm

PARIS, Jan. 11--Prices were firm on
the Boursc to-day. Three per cent
rcntes. IS francs. Exchange on London,
81 francs 7 centimes Five per cent
loan, 50 francs 20 centimes. The dollar
vas quoted ct 1G francs "a confines.
New-York tribune., 1921-01-12
the distribution of approx

lmmcdlateIy The distribution Of approx
imately $4,000 in bonuses to men in
the employ of the company. The
bonuses were paid as result of an
agreement entered into early last year
under the terms of which the men were
to receive an increase of 5 per cent in
wages provided they remained in the
employ of the company until the end of
the wear
New-York tribune., 1921-01-12
French Credit Extended

BUENOS AYRES, Jan. l0.-Thc
French government has been granted
years postponement of the payment
of balance of Sl7,000,O00 due OH a
credit of $l00,000,000 extended her by
tho Argentine government IA 1919.
New-York tribune., 1921-01-12
The Dollar in Foreign Exchange

Sterling exchange continued its re-
ovcry yesterday, with the rate on Lon
ION jurping u cents, to $3.76, setting
= new high for the current movement
Francs went to 6.18h cents.
crratic, an early rise being followed
v sharp setback, followed again in
urn by another upturn.
New-York tribune., 1921-01-12

BEENE. Switzerland. Jan. 1.-THE
swiss railways, it In announced, have
contracted FOR 10000 tons Of American
soai and 26A0o tons Of British coal.
New-York tribune., 1921-01-12
Dividends

American Fuel Oil aud Transportntio ion
CO..-An Initial dividend OF l Y per cent
n share has been declared on the common
stock for the quarter ending March 81
payable April to stockholders OF record
March 10
New-York tribune., 1921-01-12
Money and Credit

While call money opened on the
Stock Exchange yesterday at per cent
and later dropped to per cent, brokers
were able to secure loans direct from
the banks as low 'as Az per cent. The
last time call money was loaned on the
exchange at that rate was on October
%, 1919. Time loans continued to be
renewed at per cent.
Yester- Year
day. ago.
On mixed collateral. go. Z
On industrial collateral...
Time money (mixed COL
Sixty days..... 1911 5M@s as
Ninety days. ...... 10TH 5h@6
Four months. 80. 7@71s 5h@6
Four to six months 7@7k 5h@6
Bank Clearings - Bank clearings at
New York yesterday were: Exchanges.
$871 1872 ,2s3; balances. $69,5oS,os1.
Silver - London, 39hd; New York.
domestic, bar, 99lAc; foreign, 66Ac;
Mexican dollars, SOC.
Canadian Exchange-New York funds
Il Montreal, Sl47.50 premium per 81
900; Montreal funds in New York.
S123.74 discount per $1,000.
New-York tribune., 1921-01-12
Transactions Yesterday in Listed Stocks
Record of Stock and Bond Averages

Copyright, 1921, York rnc,)
Stocks Rams Ian
El Imparcial. (San Juan, P.R.) 1918-197?, 1921-07-23

$7.596,434.S4
El Imparcial. (San Juan, P.R.) 1918-197?, 1921-07-23

Gina hasta las DOS g r. NJ del
tlfa yEINTIOCHO DE JUIsIO DE
1921. en- que Sc abrir;in piiblicamente.
Todos los datos 1lecesarios Sc daran
en- Ia oficina del Arquiteeto de este
Departamento. donde Sc encuentran
lie manifesto los documentos que han
de regir on el contrato, Y podran re-
coger los licitadores los pianos Y mo-
i delos de. moposiciones, que han de
presentar. mediante I'm dep6sito de
DlTsz gDOLARES (S10.O0) en- meta
llico o cheqne certificado, que seraA
lreelnbolsados al ser devueltos dichos
,tloeiimentos, en- el plazo de VEISTE
| COO dias despues dc efectuada Ia
subasta.
| La administrator sc reserva el
Ederecho de reclazar cualduieraa 0 to-
,das las Ia-oposicioles, Y el de adja-
dicar el contrato baio otras conside-
raciones que las del precio solamente.
GULLLERlIO ESTETES,
Adv. Comisionado.
El Imparcial. (San Juan, P.R.) 1918-197?, 1921-07-23
Nuevas amenazas de guerra
entire Russia y Polonia
Ell Soviet Ruso envia un ultimatum
Varsovia

Berlin. Julio 12--COmienZan a cer-
nerse nuevas amenaZaS de guerra ell
Ia frontera polaco-ruSa. Segtln reZa
un dcspacho de Narsovia al Neuer
Beriner Zeitmg.
AffrmaSe en- NarSoyia que el soviet
fuso csti interviniendO indehidamen-
te en- los aSuntos polac0s.
Inf6rmaSe que George Tchitcherin.
ninistro de RelacioncS EXteriOrcS lie
Russia. ha enviado una nota War
sovia. on la cnal acusa a los polacos
,Star iolanlO el tratado de Riga. FL
ministro Tchitcherin. Scgiin Sc dice.
ia SulicitadO que Sc estabieZca una
.omisi6n del soviet russo en- Polonla.
Identical Il la mission franccsa en- Leip-
zig. para juzgar castigar los pola-
COS que perinitieron o ayudaron la
rontra-revoluci0n rusa en- suelo po-
iaco. Solicita, adelnas. que los pola-
os expulspn del territorio a ciertos
rusos "blancos' que Sc encuentfah
,ctualmpnte en- PuiOnia que Sc pro
-.eda Il In demobiizaci0n del eJerclto
,olaco que constituye una amenaza
para Russia
FL fin que persigue Tchitcherin es
tener en- Polonia una comision rusa
me impida que Sc fragiien planes ell
contra de Russia investiria con auto
ridad para proceder al arresto y en-
.arcclamicnto de los promotores.
El Imparcial. (San Juan, P.R.) 1918-197?, 1921-07-23
En- la Corte Suprema de Pto. Rico

i, cada uno de los hechos esenciales i'm
putados en- la acusaci0n.' /.
En- corroboraci0n lie 10 eXpuest0 en-
esa opinion, podemos agregar que el
delito de acometimiento Y agreAi6n
Sc castiga en- nuestra ley unicamente
con multa, que no eXceda de cincuen-
Ia d0lareS. perO cuando en- el cOncurre
alguna de las circunstancias agra
vantes que In misma ley esepecifica.
entire otras la de que ell acnsadO sea
un var6n adultO Y la agredida una
muier, entonces la pena eS de multa
de cincuenta mil d6lares o prisi6n
en- carcel de un mes a dos amos, o
ambas penas, multa v prisi0n, pOr 10
que para que decidir nootros el gra-
do de apelaci0n que no Sc ha cOmeti-
do error al caStigar al apelante por
delito de acometimiento aggression
con In circunstancia agravante que Sc
le imput0 en- In denuncia, es neceSa-
rio que de los autos apareZca prue-
ba de tai agravante. sin que sea bas-
tante la appreciation hccha p0E el juez
rcspcct6 ii In edad del acilsado, por
su sola presencia, porque 81 apelante
quedarfa privado de su delecho que
nos0tros reyisemos 81 el jrez Sc equi-
voc6 o no al dcclarar que tenia mas
de veinte V un amos. TX
por las razones cxpuestas el apelan
to solo pudo ser colidcnado por un de-
Ito de acometimiento aggression sim
pic on tai sentido debe ser modlil-
cada la sentencia apelada.
Pedro DE Audrey,
Jae: AsOciado
El Imparcial. (San Juan, P.R.) 1918-197?, 1921-07-23

do de este derecho de revision. Es
verdad que en- este case tenemoS Ia
manifestation del juez para suplir Ii
falta de prueba, rpero el juez no fu6
testigo V ell Estado no tiene derecho
Il aprovecharse de su conocimiento,
excepto Ell cuestiones de las cualeS la
corte toma conocimiento judicial.
''Ademds, 81 fuese suficiente que ell
jueZ, al juZgar la causa, qucdara con-
venci1o por In appreciation personal
del acusado. de que Su edad 10 hiZ0
Quedar comprendido dentro lie Ia san
ci6n del estatuto que su certiticaci0n
de tai conviction servirfa en- eSta cor
te. de aquf Sc seguiria que tai apa-
riencia justificarfa igualmente a um
jurado al conocer de I'M caSo para
barge no sabemOs de ningtln metodo
Dor pl cilal pudi1ramos rpcibir infor-
mes en- cllanto In raZonahilidad de
In impression producida en- Sl mente
p0r su observation tie In apariencia
personal del acllsado. III eStatuto en-
cvrlad autoriza a In corte permitir nj
jurado hacer una inspection de un 81
ito en- donde cualquier hecho esencial
ocurri6 pero este linicamente indica
la nccesidad de acci6n Legislative an
tes de que In c0rte pueda separarse
del m6todo por mucho tempo estable-
edo para dcscubrir hechos esenciales.
Nos parece que no es sino raZona-
hle en- un procedimicnto criminal.
eXigir al EStado que acuda al medic
or,linario de prueba. para cstablecer
El Imparcial. (San Juan, P.R.) 1918-197?, 1921-07-23
Gooicruo dc Puerto Rico.
DEpARrAMENTo DEL INTERIOR
Dirisi6n dc Edidcios Paolicos.
Ofcina del coaisionado.
San Juan, P. r., julio 13. 1921
sUBASTA

PRoPOsICIONES en- pliegos cerra-
dos para la adjudication en ptiblica
subasta de las obras de CONSTRUC
CION DE UN EDIFICIO ESCUELA.
DE HORMIGoN REFORZADO, DE
DOS SALONES, EN FL BARRIO
OBRERO, SAN JUAN, p. r., cuyo
presupuesto aprobado asciende a
OCHO MIL SEIS CIENT0S- CINC0
DOLARES, con TRES CENTANOs
(s,605.03). sc admitirin Ell. esta of,
El Imparcial. (San Juan, P.R.) 1918-197?, 1921-07-23

En- la nota de refcrcncia Sc imputa
a los polacos el hecho de haber per-
mitido la existencfa de organizacio-
nes reaccionarias que planearon el de-
rrocamiento del soviet DE- Mocow.
Alega Russia que Polonia ha suplido
cl dinero neceSario Il los reaccionarios
rusos demanda el arresto de Savin-
koff V trece persOnas mas.
Los funcionarios polacos califican
la nota de una insolent.ia inaudita".
El Imparcial. (San Juan, P.R.) 1918-197?, 1921-07-23
OPINION DEL TRIBUNAL. EMITI-
DA POR Ell JUM ASOCIADO.
SIR. ALDREY.
San Juan. p. r.. Julio II. 1921.

Candida, Ortiz fut dennnciado por
el dclito de acomctimicnto aggression.
con la circunStancia agravamtc de que
siendo un var6n adulto, acomcti6 Y
| aefedi6 una mujer. Fu6 condenado
por tlich0 delito con agravantc V Ell
el recurSo de apelacidn que ha eSta-
hlecido contra la sentencia alega CO.
mo error de In corte Scntencadora el
haberlo c0ndenado con dichO agra
yantp. sin haber probado ell Fiscal que
| el apelante es I'M var6n adulto. sea
mayor de vcintidn amos. Segin he
mos lcclarado cn el caso dc FL Pueblo
V. Colon. 25 ID. p. X. $50.
FL Fiscal prob6 ell delito de acome-
timiento v aggression. pcro no present0
en- 81 juicio prlleba alguna reSpecto a
que el acuSado sea un var0n adulto
por cuy0 motive este present0 moci6n
de aon Smi 4 la corte en- la que 81
bicn empeZ6 por pedir su absoluci6n
concluy0 solictando que Sc considc-
IuSt Su ut'iltp Nt tA'piiItl
to aggression simple V manifesto que
| no preSentarfa prueba. EntOnceS ell
juez de la corte. expres0 que estando
presentc ante 81 el acusldo. llegaba Il
In conclusion de que es III var6n
adulto dijo al acuSado Que presen-
tara SUI prueba 10 que 6ste Sc ne@6.
| AunQue on algunaS deciSiones So
snstiene que el iurado o In corte pue
de apreciar la edad del acusado por
Su sola presencia. noSotroS prefcrimos
adoptar el criterio cOntrario, eXpues-
to Dor In Corte de Indiana. ell ell ca
so de Stephenson V. The State. % Ind.
d. En- este case Stephenson fue acu-
sado de que siend0 mayor dc catorce
ailos ahri6 s,l eStahlecimiento mercan-
til un domingo V no Sc present0 prue-
ha alguua respecto su edad; aunque
el juez que conoci6 del juicio estim6
,ue tai prreba no era nccesaria. por-
que teniendo presente al acusado su
apariencia era de un honbre de com
pleto desarrollo ffsic0. Como argu
mentacin la corte dijo:
'Nuestro estatuto conliere al acu-
sado On un easo criminal al ser de
| clarado culpable. el derechO a presen-
| tar. mediante pliego de excepciones.
| toda la prueba aportada al juicio pa
ra ser revisada en- esta corte. 81 el
| juez iurado que conoce de I'M caso
| criminal puede determinar por la apa-
| riencia personal del acusado. ST es o
no mayor de cicrta edad, sin DIR prue-
ba. ,ya respecto la edad sus indi-
caciones, esto, Ell tanto esta envuelto
Iese heclo litigioso. privara al acusa-
El Imparcial. (San Juan, P.R.) 1918-197?, 1921-07-23
EItinlatnm dc RMsid.

Copenhague, julio Fla nota del
soviet ruso a yarSovia. acusantlo a los
polacos de haber violado ell tratado dc
Riga. es virtualmente un ultimatum,
seg1n alirma el "Politiken'', hoy.
El Imparcial. (San Juan, P.R.) 1918-197?, 1921-07-23

4 4cOnetinicRtO y dgrcsi6n. Tdr6Il
dduto.-PrHcDd de scr ei acusdd0
rdr0h GdHltO.
Cuando Sc imputa I'M acusado la
violaci0n de la subdivision de la ley
para caStigar acometimientO aSre-
sion. FL Pueblo esta obligado Il pro-
bar que el acusado era m var0n .adul
TO Y tai preuba no Sc supple con Ia
to In edad del acuSado, por raZ0n
dc tenerlo ante 81. pueS el acuSado
qucdarfa privado de SUI derccho a que
en- apclaci6n SO dccidiera 81 el jueZ
So eQuivOc6 o no al declararlo mayor
de u amos.
El Imparcial. (San Juan, P.R.) 1918-197?, 1921-07-23
ACTIvO.

Prestamos Y Descuent0s S4,212,210.10
BonOs de los EE. UU... 497,S5O.00
Bon0s del Gobierno de
Puer Rico. ....... 145,2OO.OO
Bonos de la Ciudad de
New York v de Ferro-
carriles de primera
clase de los EE. UU.. 1884 ,6S1 "A
AcciOnes de BancOs Y
Corporaciones ..... 70,335.00
Domicilios del BancO. !. 131,222.54
Mobiliario y Boyeda SO,G03.39
En- poder de nuestros
COrre spons sa-
lie So. $ Sl6.721.39
Existencia
en- Gaia. 1.24s,21O.9s 2.O64 ,932.37
El Imparcial. (San Juan, P.R.) 1918-197?, 1921-07-23
FL Pueblo de Puerto Rico,
Demandante V apelado
vs..
Candido Ortiz.
AcusadO V apelante.
1850.

Apelaci6n procedente de la Corte de
DistritO dc Guayama.
El Imparcial. (San Juan, P.R.) 1918-197?, 1921-07-23
SITUACION DEL
American Colonial Bank Of Porto Rico
en- la tarde del is de Julio, 1921.
PASIvO.

Capital ReaIizado. $1,000, 900. 90
Fondo de Reserva. ..... 2OO,OOO.OO
Ganancias a Repartir. 27S,S3O.79
DividendOs pendientes
de pago. o............. 4,7s9.OO
Cheques del Cajero. 2S.21
A Corresponsales. 80. 32S,274.71
Depositos:
Tesoro de los E.E.
U.U. :. 117,S9S.45
Ctas. Ctes. 5.666,613.6S