davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-05-20
Stocks Lever
I'm Irregular,
Dull Session
Fluctuations Within Mar
row Boundaries and
Traders See Little TO
Influence Market Trend

The process OF contraction Of &C
tivfty in the stock market continued
yesterday, and the session was the
duilsst In seversl weeks. The relative
fewnese Of transactions reflected the
professional character of the trading.
Floor traders again made the market
and they perceived little in the days
news 60 &ill them with desire to bid
up prices. Although fluctuations were
irregular and within narrow bounda-
ries, both the averages Of thirty typi-
cal industrial and twenty railroad
stocks closed with fractional losses.
The speculator in securities, whose
business 1t is to translate the effect Of
future events into present security
values, is supposed to envissge eco~
nonic developments throughout the
world. Like every one else, however,
the professional trader is often unduly
influenced by those things that take
place Immediately before him. A wait
ers' strike in New York means more
to him than q famine in China.
The floor trader on the Stock Ex-
change at present is struck by the alb
stinence of the outside public from
purchasing speculative securities. The
lack of public buying power affects the
decisions of the floor trader and in
clines to make him bearish. In the give
and take in a narrow market traders
found it slightly more profitable to op-
crate on the short side, but they could
not get very far. After declining, most
stocks soon reached resistance points
beyond which they would not slump.
Despite dividend cutting by Repub-
lie and Cambria Steel, the steels,
though weak carly in the day, came
back and revealed steadiness. Motor
shares, however, were again soft.
Cali money lent at z per cent all
through the day. The international
money market was notable chiefly for
further marked strength in French and
Belgian francs. This improvement was
accompanied by reports that the new
French loan will be offered in this
market next week, possibly on Monday.
In the Federal Reserve Bank state
ments, as of Wednesday night, further
striking gains were shown by the
whole system and by the Federal Re-
serve Bank Of New York.
New-York tribune., 1921-05-20
German Gold

Advices from abroad stating that TO-
100000 German gold marks will likely
be shipped to New York as a part Of
the Ger;ran reparations payments to
the Allies aroused much interest in
banking circles, although no definite
informa tion was avilable in the finan-
cjal district. The opinion was ex-
pressed by some of the bankers that
in view of the fact that any gold which
Germany might turn over to the Allies
would likely find it's way to New York
IN due course of time, even if it went
iirst to London and Paris, probably ac-
counted for the decision to send the
metal direct to this side. Reports cur
rent for several months that German
reparation funds accumulated here
would be deposited in the Federal Re-
serve Bank of New York are not con-
firmed locally.
New-York tribune., 1921-05-20
Marland Oil Stock Ontions

= In view of the fact that the s4,OoO,-
600 ten-year 8 per cent sinking fund
participating coupon bonds of the Mar
land Oil Company, listed on the Stock
Exchange yesterday, carry with them
stock option warrants, some confu-
sion has arisen among holders regard
ing the temporary bonds now listed.
1t was explained by an official of the
exchange that the stock option war
rants accompany only tho permanent
bonds, which will be issued later to
replace the temporary certificates.
When this has been accomplished the
bonds will be quoted with and with
out" the stock option warrants.
New-York tribune., 1921-05-20
American TOBACCO

Both the American Tobacco "a" and
"B" stocks were conspicuously strong
IN yesterdays market on what was
termed inside buying. There were
rumors that the company was seeking
control Of American Sumatra Tobacco,
but this was vigorously denied in Of
fetal quarters. The real reason for
the strength in American Tobacco, il
was pointed out, was the continued
Improvement of earnings. One ex-
planatlon for the increased use of to-
oacco ofered In one quarter was that in
times OF depression in other industries
smokers use even more tobacco than
IN more properous times to quiet their
nerYes
New-York tribune., 1921-05-20
The Dollar in Foreign Exchange

French and Italian foreign exchange
rates mounted rapidly as the result of
active bidding yesterday, francs estab-
fishing high mark for more than two
years at better than 8& cents. Lire
approached 5sS cents. Reactions fol-
lowed, but sharp gains were held.
Dutch and Swiss exchange continued
to be actively sought and moved stead
lily higher, guilders crossing SO cents
and francs 1S cents. Spanish pesetae
were easier, but rates on most other
European centers were steady. Ster-
ling held at the $4 level.
South American rates were q tribe
stronger, Peruvian exchange advancing
sharply -,
Far Eastern rates, on the other hand,
broke sharply, the yen dropping to 4S
New-York tribune., 1921-05-20
Maintenance and Repair Work

Predictions attributed to railroad
labor leaders that all the 250,000 men
now out of work will have been re-
absorbed by the various roads bv the
time the proposed wage reductions be-
come effective on July 1 were not
affirmed by local rail officials yester-
day. The only factor that would make
necessary the return of so large 8
number of men would be a heavy in
crease in the volume of traffic and the
starting up of maintenance and repair
work on large scale. The present
program of the carriers does not con-
template a resumption of these opera
tions until it is known what the wage
reductions will be. Then the matter
will be taken up.
New-York tribune., 1921-05-20
South African Loan in London

Cable advices received here yester-
day from johannesburg, South Africa,
told Of the placing in London on a z
per cent basis of an issue of $4,000, 900
6h per cent short term bills of the
Union of South Africa. Local bankers
who have been carrying ON converse
tions lately with representatives of the
union relative to financing in the Amer
jean market said that according to pres
ent plans it is expected perma-
nent loan will be arranged here later
in tho year to refund the temporary
issue sold in London. Other British
colonies are expected to come into this
market, and in this connection the
names of Australia and New Zealand
were mentioned yesterday as possible
prospective borrowers.
New-York tribune., 1921-05-20
Hooking Valley Defers Dividend

Directors Of the Hooking Valley
Railway voted yesterday to defer ac-
ton on the semi-annual dividend of 2
PEI. cent, due at this time. This action
will affect the income Of the Chesa-
peake & Ohio from incorporating
sources, as the road owns 1886, 900 Of
the Hooking Valleys 100000 out
standing stock. Dividends have been
paid at an annual xate Of A per cent
Tor the last four years. w. J. Hara-
han, president, explained that the
boards failure to take action on the
dividend was due to a decision to wait
until the trend of conditions had been
more clearly demonstrated. He de-
cllned to commit himself as to whether
action might be expected at the next
meeting Of the board,
New-York tribune., 1921-05-20
Financial Items

John ]. Kearns jr. has been appointed
an assistant secretary OF the Fidelity
International Trust Company.
Mosher e. Wallace announced the OPEN
ing of branch office at 80 East Fortv
second Street, to transact a general COM
mission business in stocks, bonds and
grain, under the supervision of A. j..
Pulver.
The Columbia Trust Company has been
appointed transfer agent of the first pre-
ferred. managers preferred and common
stock of the Fowler Fisheries Company.
The Metropolitan Trust Company ha.
been appointed trustee under the trust
deed of the National Guaranty Credit Cor
poration, to secure an issue of collateral
trust gold notes.
New-York tribune., 1921-05-20
Lower Freight Rates

No general movement looking toward
blanket reduction in freight rates
will be inaugurated before the
spring of 1922, declared railroad Off
cials yesterday in a further discussion
Of the possible results of the wage cuts
to be announced June 1. 1t was pointed
out that since the increased tariffs be-
came effective last August rates on
certain commodities have already been
lowered to adjust inequalities that had
in commodity rates will be made. it
was stated, where agreements can be
reached between traffic managers and
representatives of shippers organiza-
tions.
New-York tribune., 1921-05-20
Postpone Financing

A considerable volume of corporate
financing which was expected to be ar
ranged before July has been postponed
indefinitely, bankers said yesterday, be-
cause of the belief on the part of the
prospective borrowers that better terms
can be obtained later. Two Canadian
railways are understood to have taken
this view of the situation and have de-
ferred making large commitments here
until the fall.
New-York tribune., 1921-05-20
Draw Against Sugar Credit

The $2o,OO0,oOo sugar acceptance
credit recently arranged to finance the
ginning to function, and this week it
has been drawn against to the extent
of $S90,00o. From this time on it is
believed the Cuban planters. will avail
themselves to a larger extent of the
credit provided by the transaction. Ad-
vances made are secured by sugar in
warehouses in Cuba on liberal margin
basis.
New-York tribune., 1921-05-20
Paris Market Weak

PARIS, May 19.-Prices were weak
on the Bourse to-day. Three per cent
rentes, 81 francs 80 centimes. Elk
ehange on London, 40 francs so CEN
times. Five per cent loan, SO francs
70 centimes. The dollar was quoted at
IL francs 3111a centimes.
New-York tribune., 1921-05-20
london Money Markag

LONDON, May 1s.-Bar silver, 33Ad
per ounce; bar gold, 102s Sd. Money,
"a per cent. Discount ratcs-Short
p1lis' bb per cent; three-month bills,
5 1l-16M5A per cent. -
New-York tribune., 1921-05-20
I'm Wall Street
Bond Men Take Day OF

Wall Streets investment market Is
expected to be rather dull, drab affair
to-day. The best part of the bond dis
tributing community plans an early
getaway to the Sleepy Hollow Country
Club, where the first annual outing of
the Bond Club Of New York will hold
forth. The relaxation afforded by the
outdoor gathering will be a welcome
change from the routine of bond ped
ding, and ought to put the Street or
ganization In trim for the big task Of
selling the new French loan which is
expected to come through next week.
New-York tribune., 1921-05-20
Ecuador Rate Iumps

=, GuAYAQuIL, Ecuador, May 1s.-
Fofelgn exchange rates ON New York
advanced within twenty-four hours
from 1885 to 25 cents sucre. This
represents an increase of 7.l6 cents.
New-York tribune., 1921-05-20

PERU (par s4.s6 a pound)
Checks ........ 4.05 3.5s 4Ta
ECUADOR (par 48. so cents q sucrel
Checks ......23.Sl 2981
CHILE (par Ss.5 cents peso} scHA
Checks ........12.00 1915 2s25
URUGUAY (par 103.42 cents a peso)
Checks ........6s.25 $500
VENEZUELA (par 1913 cents a bolivar)
Checks ......,.l6.01 1862
Canadian IIxchange-7New York funds In
Montreal, II Ia per cent premium; Montreal
funds in New York. 1oA per cent discount.
New-York tribune., 1921-05-20
Bid and Asked

Following are tho closing bid an,
asked quotations of stocks listed or fi,, 81
stock Exchange IN which theTe ~ Ier' e,rs
no transactions yesterday:
New-York tribune., 1921-05-20

Bank Clearings-Bank clearings at
New York yesterday were: Exchanges,
s610,456,434; balances, $63,974,852.
Silver-London, 93Ad; New York, do
mestic, bar, 99Ac; foreign, 58&c; Mex
ican dollars, 45c.
New-York tribune., 1921-05-20
Money and Credit

Call money conditions on the Stock
Exchange yesterday were unchanged.
The renewal rate was per cent and
borrowers paid this price for funds
for the rest of the day. Time money
was also unchanged.
New-York tribune., 1921-05-20
Transactions Yesterday i'm Listed Stocks


Copyright Iss1 New York Tribune fno)
eTOCKS
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-12-14
CROSS LINKS NEED MOST
CARE IN ANTI.SKID CHAINS
requirements From Time to Time Will Lengthen Their Life
and Usefulness-Can Be Removed Without
Taking Chain From Wheel.
by AlbertN

safety first" should be the motto
Of every motorist. One of the most
important applications Of this princi-
pie is in the matter of tire chains.
The chain acts like a gear that grips
the road, preventing skiding. 1t digs
down through the soft mud and
holds to the solid ground under meath.
On wet asphalt it secures traction.
The side pieces of a chain are
made Of soft iron. very tough, and
they will wear for several years as
there Is very little strain on them.
The heavy duty comes upon the
cross links or grips which are case
hardened. This prevents excessive
wear. so that q cross link will last
several months. Once the case hnr.
dening Is worn AWAY. the link wears
rapidly. and finally breaks. This Is
soon remedied by the careful driver
who always carries an extra supply
Of links and a chain tool for replace
ments. The New link may be inserted
and the old one removed wlths at
taking the chain from the wheel
At the beginning OF the Writer
overhaul your old chains and pre-
pare them for use. Starting With the
fasteners at the ends, take out every
other grip and put in a new one.
This gives you virtually new chain.
To be sure, the links in between
are weak but when one OF them
breaks the strain comes on the next
link, which is new and strong. /
have seen car come back from a
trip with five links broken on one
chain. Fortunately the links between
we're new ones and the chain was
still serviceable. But where all the
links are old and one breaks, a great
er strain Is placed on the next.
II this is weak il will soon give
way and so bring all the more strain
on the next one. Soon enough links
are broken to allow the chain 10
catch in the brake mechanism and
II is ruined or lost.
To apply a chain properly it is not
necessary to jack up the wheel. Lay
the chain over the top OF the rear
wheel with the fasteners to the rear
Tuck the surplus chain in under the
wheel and push the car forward. The
ends may now be fastened without
trouble.
There are several chain tools or
the market. Inspect the various types
until you find one which open the
links easily, or at least more easi
ly than the others. The links are diff
flcult to bend. so do not look fol
a tool that will open q link without
effort.
The question is frequently asked
how many chains car should carr,
and where they should be placed
Each wheel should have n chain II
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-12-14

(Editors Note: This Is the second
OF q series Of articles prepared by
Mr.. Hudson).
Climate and Soils.
The native pecan belt extends from
Louisiana through Texas and Okla
homa and as far north as southern
Illinois and Indiana, Texas, Oklahoma
and Louisian producing more than
four-fifths of the worlds output.
Texas leading with Oklahoma a close
second. On the extreme northern pc
can limit the nuts are very small and
thick shell while in hte coast country
the most of them are good size and
thin shell but are not so well filled
nor as good quality as the nuts grown
in our state of Oklahoma. Pecans
can be successfully grown on up OF
semi-up lands, but II the pecan Is 10
be planted commercially 1t should be
planted on the best land there is and
that is the rich alluvial river and
creek bottom lands Of Oklahoma which
are the worlds greatest pecan sec
ton.
Early Bearing Qualities
Many people have the idea that i
takes the pecan several years TO be
gin bearing which is far from right
BY planting the larger sizes t4-5 ant
ST. feet) they will begin bearing IL
from three TO four years or az soor
as an apple or pear will bear. Johr
Carlock, one block west OF courthouse
has tree that bore last year (whef
all natives failed) and this tree ha'
only been planted three years. @. Z
Goddard, SIS McIdsh, has tree tina
bore II fine paper shell pecans thf
year that has only been planted thre
years and this tree is ON uplan
with very little soil underlaid will
clay. o. G. Lasher, % d southwest
has a tree that produced catkins las
year and would have borne had
not been for the Easter freeze bu
produced nuts this year. This tire
has only been out four years now
However they will not begin to bea
in paying quantities until the sixt
or eighth year after planting.
Transplanting the Pecan
Pecan trees do not transplant a
easily as average fruit trees, but b
planting trees that have a good lon
tap-root and by giving them goo
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-12-14
The GRATED PAPER-SHELL PECAN
by Irl Hudson. Artimore, Oklahoma.

cultivation the first season you can
easily get from 90 to 100 per cent
to grow. Here are few rules to
remember in transplanting the pecan,
IL you would have success. Be sure
that tree has good long tap-rool
or a lot OF fibrous roots. See that
tree is planted two or three inches
deeper than it stood in nursery, even
though you have to dig the hole four
feet deep. Be sure and water when
planted even though the ground is
moist, and then don't fail to keep
weeds and grass away from trees the
first two years after planting. Pecans
should be planted 40x40 feet requiring
27 trees to row.
Cultivation
To be successful with pecans you
must cultivate them. When they are
planted 40x40 feet about three-fourths
OF your land is available for other
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-12-14

crops, such as corn, cotton. potatoes
or other vegetables. but do not plant
too close to your trees 50 as not TO
skin or bruise them in plowing but
do not allow any weeds or grass to
grow near your trees the first year
after planting.
Pruning
Pecan trees require very little prun-
ing, 1t being only necessary to remove
the small branches that appear along
the body the first few years after
planting, but don't never allow
tree to become forked. If you re-
ceive q tree that Ia forked, always
remove one of the branches.
Diseases.
Very few insect or plant diseases
common with fruit trees are of seri'
Gus menace to the pecan tree. Scale
does not affect it enough to warrant
treatment by spraying. Probably the
most troublesome pests are the cater
pillar or web worms which construct
unsightly nests or webs On the twlgs
and foliage early in the spring and
If unmolested often entirely defoilatf
the tree, but can be easily destroyed
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-12-14

when first discovered by spraying or
by attaching a torch TO long stick
or pole and burning them.
Longevity.
When Is pecnn in its prime?
Who can tell when an elm, oak or
hickory Is In its prime. The pecan
is on a par with these plants OF the
forest. When pecan Ia once estab.
lished. its growth and productive
power stretches out through genera-
ton after generation and includes our
children and our children's children:
generations yet unborn. An orchard
of grated paper-shell pecans is the
greatest, most lasting and accumus
lative legacy you can ever leave yonr
own. 1t Is far better and cheaper
than life insurance.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-12-14

icy weather, but somed rivers carry
less. Where one chain Is used it
should be on the left rear, so as to
avoid damage at the curb. If two
are used they should be on beth rear
wheels TO insure traction and reduce
differential action.
Do not fasten chains so tightly
that they cannot creep. nor fasten
them to spoke. This will bring all
the wear under eac cross link anr
80 go through the rubber and in
jure the fabric.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-12-14
Brown Continues Inyesti.atios

Russell Brown. special investiga-
for assisting Elmer f. Fulton of toe
attorney generals office. 10 taking
testimony In the far edges of the
county today while Mr.. Fulton Ia at
tending to other matters IN Oklahoma
City.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-12-14
CO.. )'...|5's .1.l|I)'lSsi
"Pape's Cold Compound" is
Quickest Relief Known

Don't stay Stu. ~! Quit blowing
and snuffling, A dose of Pape's Cold
Compound" taken evey two hours
until three doses are taken usually
breaks any old cold right UP,
The very first dose opens clogged
nostrils and the air passages of the
head; stops nose running; relieves
the headache, dullness, feverishness
"Pape's Cold Compound" costs only
a few cents at drug stores. 1t acts
without assistance. tastes nice. con-
tains no quinine-Insist upon Pape's!
adv.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-12-14

/ have four-cylinder air-cooled
or four miles and then lose all pow
er. The spark plugs have a tendency
to SCOT. We cleaned them and also
have taken all the old oil out OF the
reservoir and put in the best oil
recommended for an air-colled engine.
Havoc leaned the commutator and
installed new battery-all to no Of
feet. Have had several automobile
men work on it, but they do not
seem to benefit it any. Everything
seems TO be in good condition and
1 can't understand this trouble.
Thanking you for an answer in the
next issue. / remain. f.. Z.
Answer-There cannot be anything
seriously wrong with the motor. 1t
is possible that when the engine be-
comes heated and expansion Of the
metals takes place that the valves
do not seat. Perhaps more clear
ance in the valve push rods would
overcome the trouble At any rate
it appear that the valve timing be
comes disarranged when motor be
comes heated. If you are using bat
terry for ignition purposes you should
know whether this battery is suf-
ficiently strong to supply the nee
essary current. Exhausted batteries
when left standing for time, re
cuperate slightly and serve well foi
short time only; after that Ne.
fail to supply the proper amount
of current to run the motor. You
will undoubtedly find that there As
something radically wrong with the
valve timing and adjustment.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-12-14
HINTS TO MOTORISTS

Where a pump Is used to circulate
the cooling water. II Is vis, to fill
the radiator to the top and then turn
the engine over several times, SO as
to insure the water reaching and
filling all parts OF the system. If
the motor Is not turned the pump is
an obstruction to the passage of the
water into the Jackets, which remain
partly empty or fill SO slowly as to
leave the impressian that there Is
more water in the system than there
actually is.
When overhauling motor care
should be taken to assemble as many
parts as possible before laying them
aside-that Is to say, bearings, BUSH
ings, nuts and other parts should go
back into their proper places at the
time reassembling is commenced.
Considerable annoyance can be
avoided by bearing this in mind.
Although French chalk placed be.
tween a tube and the shoe is very
ueSiuDit " pItfcll stuHtSlOIl, lOp
much Of it may prove as bad or
worse than none. If too much is
used it is likely to work up into lit
tie balls, when the continual rubbing
and rolling around will ruin a tube in
short order and make it almost be
yond repair or scarcely worth the
cost Of work.
In order TO clean the inner lining
OF 4 top and to remove stains. gaso.
line should not be used. The best
method Is to lift the top off, and
after inverting clean the surface
thoroughly with pure soap and water
II gasoline or other quick acting
fluids are used the water proof of the
fabric will be. destroyed.
A disagreeable rattle can often be
traced to the hood where it rests Oh
its seat. Strips OF rawhide or other
anti-frictlon material should be in
stalled TO prevent any squeak or rat
tie.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-12-14

1 am figuring on buying a used
machine which was in o fire. It ap-
pears in good condition, only there
is no coil or batteries for starting
motor. Can this motor be started
without batteries and only on mag
neto? VIII starting on magnetic make
any difference?--J. c.
Answer--If the magnetic Is OF the
high tension type and in good condl.
ton, you should have no trouble in
starting. You probably will find 1t
necessary to spin the motor. When
starting on magnetic the spark should
be advanced. Batteries are used TO
facilitate starting and avoid the ne
cessity Of spinning the motor. NO
harm results from starting on mng-
neto.