davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-01-21
Chilean Peso Receivers

The Chilean peso, which on Wednes-
day touched new low of 1891 100
showed a further recovery yeste rday
moving up to 1891 a 100, the apprecia-
ton in two days being approximately
AZ per cent The movement is WITH
out special significance, except in so
lar as 1t demonstrates the narrowness
of the market and the continued m.
favorable character of Chile's FOREIGN
trade position. Nitrates, ranking as
a leading Chilean product for EXPORT.
have not been in much demand and the
gradual increase in German produc-
tlon, together with the possibility Of
further development of extraction proc.
esses here, has had an adverse senti-
mental influence. Chile has recently
borrowed IN London and is again in the
American market for a loan. The pros.
poets of its arrangement are, however
uncertain.
New-York tribune., 1922-01-21
United States steel Common

One broker facctiously remarked
ycster rday that the sensational advance
in Gulf States steel served to bring to
the attention Of traders that United
States Steel common Was also ono Of
the listed securities. At any event the
days transactions in Steel were the
heaviest in a long time and the orders
were mostly on the buying side. At
80 tho stock vas at the highest lcyc'
since 1920. There was some reaction
in tho last fcw minutes Of trading,
with the result that the last sale was
81, a net rise Of 2 points
New-York tribune., 1922-01-21
Stock Prices
Rise Despite
Higher Money
Advance in Renewal Rate
Fails TO Check Suggestion
of Old Fashioned Bull
Market in Volume of Sales

Both in volume and in the excited
character Of fluctuations in stock prices
Yesterday there was a suggestion of
HI oldfa,hioned bull market. Trans
actions reached 1,139,000 shares, and
gains among industrial stocks, espe-
c.ally the steels and the sugars, were
substantial. The gains were made >n
spite Of the rise of tho renewal rate
eor call loans to 5 per cent, the highest
l.vel Of the week, and a decline in the
ast-moving Gulf States Steel Of nearly
20 points.
The market was 50 obviously infu-
-nced by tho speculative raneuvers of
rools that the need for the outside, Tn
attached trader to move cautiously and
discrcetly became all the more patent.
Helped by frmness in the raw sugar
market. the neglected and depressed
sugar shares continued the strength
which became manifest few days ago
when short covering developed The
leader of the market, however, wa. the
traditional leader-the Steel common
which until yesterday had been rela-
lively overlooked Of late. The strength
Of the independent steel shares, helped
by the merger negotiations, called at
tention to the speculative possibilities
Of Steel common and the stock rose to
Ss. above the high price for 1921 Mo-
tor shares were firm, too. The only
group Of stocks that did not share in
the sweeping upturn were the rails,
which were quiet and had tendency to
decline fractionally in price.
The further stiffening Of money was
followed by another less active session
in bonds. with irreguarity and some
softness IN price. Although the aver
age stock prices are up for the week,
there has been a very slight recession
in bonds, due partly to a diminishment
in demand after the reinvestment
weeks and in part to profit taking on
the part Of dealers.
Outside Of the buoyant stock market
The other exchanges were relatively
eolorless and uninteresting. Cotton
quotations at the close were irregular,
varying from a gain of 3 points to q
loss Of 7. The quiet character Of the
market was a reflection Of dullness In
the cotton goods trade. Wheat quota
tions revealed declines of 1s to Y of
cent per bushel. Sterling and the Con-
tinental European exchanges were
slirhtly lower
New-York tribune., 1922-01-21
losing stock quotations were
Paris Market HEAVY

PARIS, Jan. 20.-The financial artis
of the Havas Agency to-day ascrIh
the heaviness of the Bourse to soE
apprehension regarding the goyer
ment's foreign policy. b. which =
markets have been badly impressed
Three per cent rentes, 55 francs
centimes; exchange on London.
francs 6 centimes; 5 per cent loan,
francs 20 centimes. The dollar "
quoted at IL francs 31le centimes.
New-York tribune., 1922-01-21
Acceptances Outstanding

A survey just completed by the Ameri-
can Acceptance Council is the basis for
an estimate that there is now ap-
proximately $6oo,ooo,ooo in bankers
acceptances outstanding in this coun-
try. The total is considerably smaller
than year or two ago, fact which
the council explains as due to the
heavy falling off in foreign and do
mestic trade and the quite general
recession in prices. The council ex-
presses conviction that the bankers
acceptance has been gradually extend
ing it's field of service in financing
American business,
New-York tribune., 1922-01-21
Investment
Information

Questions Of general interest to sn-
vestors ,oil be answcrcd in THE COL
umn, IN which cnee only initiols will
be used. Others ,ciu be nnswered by
mail. Address all inquiries, inclos-
'ng stamped, addressed envelope, to
Financial Editor, The Tribune, 15@
Nassau Street, New York CITY.
New-York tribune., 1922-01-21
London Market Steady

LONDON, Jan. 20.-In the Stock e
change trading to-day the gilt-edg
issues, after easing OF somewhat. d
veloped renewed strength. othe-vis
the market was quiet and steady.
Bar gold was quoted at o7s Sd; none
was loaned at 3A per cent. Discom
rates We're: Short bills, 3a. per cent
three-morth bills. 1915 per cent.
Closing stock quotations were:
New-York tribune., 1922-01-21
The Dollar in Foreign Exchange

An unsettled tone in London was
responsible for a slight reaction in
foreign exchange rates throughout the
European list yesterday. Cable rates
on London fell q of cent to s4.2112
and francs sagged to a new low for the
week on Premier Poincare's remarks.
German marks dropped below the
half-cent level, while Continental rates
In general sagged. Japanese yen
turned lower
New-York tribune., 1922-01-21
Bankers Offering Loans

investment bankers continue in the
position of petitioners for new issues,
and they are not altogether pleased
with the results of their efforts. The
market to-day distinctly favors the
seller, and he is disposed to await it's
further. development to his advantage.
A number Of industrial corporations
recently have been approached with
proposals for loans. They have been
ready enough to borrow fair amounts
at per cent, but they have insisted
that these issues, if brought out, should
be callable in five or six years. The
bankers cannot handle the business on
this basis, as the investor is looking.
tor long-term securities. Foreign gov.
crnments have in several instances also
PROV proved cole; cold to offers. They do not
neea dollars as badly as they did, the
London market is opening up to them
and they want cheaper Accommodations
than the current situation warrants
On the whole, the recent experience in
ing. p0'''-
New-York tribune., 1922-01-21
Money and Credit

Call money opened and renewed
yesterday at per cent, the highest
renewal charge established since Janu-
ary 8. This rate pretty we'll gauged
the relation. Of demand and supply and
there was no change during the ses-
sion. Offerings of time money were
relatively light, funds generally be-
ing held at s per cent and bidders be-
ing unwilling to 60 above 4l1 per cent
for so and 80 day accommodations The
result was virtual absence of trans
actions. the rates quoted being nomi-
nal.
New-York tribune., 1922-01-21
A Doubtful Investment

QDestion-1 harc > sharey Chicago =
N"rfh"estern common, purchased 81 '6
Would YoU advise 70 Sell or ho'J y hat
is your opinion Of l.. S. Rubber comm on
~ = purchase at present market -.
NJ. ".
Answcr-It seems to US that Chicago
1, Northwestern common is Of doubtful
Investment value under present condi-
tioDs, and NC suggest the sale Of your
holdings. United States Rubber pre-
fcrrcd we regard as a good business
mans investment. The common stock
we think, is speculative.
New-York tribune., 1922-01-21
Yester- Ye

Bank Clearings Bank clearings at
New York yesterday we're: Exchanges,
$644. 900 900; balances. s69, 200, 900.
Silver - London. 34Md; New York,
domestic bar, 99Ssc; foreign, Csc; Mex
lean dollars, 499sc.
New-York tribune., 1922-01-21
Bid and Asked

Following are the closing bid n
asked quotations of stocks listed on y
Stock Exchange in which there VS.
10 transactions yesterday:
New-York tribune., 1922-01-21

X & D II Pr 20 :
kressc Pr .lo5 :
hrcss 4 c.. %
do pr -. 50 "
Z r Z " rr os5s y
L d u 3. $50 ~
LIMA Loco p- as ~
L-w B IS, ?. esr r
DO 1d E...'oa IL
I-c-i.la:d >. 100
Nah Coz. $50 ~
;Na,..,soa or. ~ ri
Man Sugar pr S.
Man Shirt pr.,o,.M
N S. Ry p... 5a 8
DO ID p. =. l4N =
MAX Mot ctfs !
do ist pr & ; 8
do ID ?, Ct ; =
do A 49,. s. 2,
May De S. pr.l02 IL
Mich Central. 100 y
MSP&SSM pr SIS q
| do lsd lines. So
Mont Pow pr. l02 -
Mullins By pr -
Mar Lad r. 100 E
iNRR N lst pr I III
INYCASL ist. Il VI
do Cd pr. esA
y Y ShipbldS. Is
Nunnally 80. 10
Otis Elcv pr. SO 81
OILS Sseei pr. 4lnH
Pac CO lst pr 80 <
do I'd pr. =. ~ !
Pac Tel & r IS
"a p l. II pr SIS :
Penney J c Or SO
Phil Jones pr So
2 F w & C.lol n
Pitts Steel pr S4X
Pr st Car ps Seb
P & Ref pr. IS u
Rys Sec -. 81 III
Reis & Co. 8 u
do lst pr. 10
Rem T I'd pr ~ y
Rens 4 Sar. .ll2
Is l. & S F pr 81
Seab A L.. 3 l.
>-S $ & I pr IS
Stand Mill pr S3h
S,~l Tube rr 7s
Stern B 8 pr IS
TemtoF A -. 81
T 4 p ID r-S0o
lTSI1& " eta IL
Twin City r + Ssn
&c pr go. s2
Underwood TIPS
do pr .lo$
Tn Cigar st. $50
~ S Express. 6N
II s l Al pr &3
lU S S 4 r. S4$
l, do 'w -. 4Sh n
" RAxl lst pr s:h n,
Va I c 6 c 81
Wabash Or B Is
West Md H.. lSx
West Pac pr. 53&
lWest'se NJ p- 90
IWh 4 L E pr l3H
Wilson Co p, IS
Woolwoith pY. lis II
IwP 4 n pr A S3
do Dr n IS
New-York tribune., 1922-01-21
Dividends

Pay HoB
Rate. Period. able. of red
Brooklyn Edison So Q Mar. Fet
Austin. Nichols
I'd! & Co pf. ......1x% Q Feb. jar
Illinois Northern
Securities pf.lH% O Feb. Jan
Pacific Power &
Light pf.....1%% O Feb, ! Jaa
Railway & Light
Securities -. 50 s-A Feb. J Jan
DO pf.:..... 80 SA Feb. Jan
Stewart Warner
Speedometer so Q Feb. Is Jan
G q a Rapids
Mfg. & P.... No Q Feb. Is Jan
New-York tribune., 1922-01-21
Steel Merger Talk

Through yesterdays market session
there was n buoyancy to all the steel
issues which has not been seen in
many months. Some Of tho moves
we're more spectacu ular than others, but
practically every stock showed a sub
stantial advance at The close. Rep
logic had spectacular overnight open
ing of more than 8 points at 40. but
this level revealed the impulse Of
holders to sell, with the consequence
that there was II reaction to 33 4
Buyers again came in at that levc and
the closing price was 80, net gain Of
46s points. The strength in the in
dependent steel shares was connected
with reports that representatives Of
several leading companies were meet
ing during the day to discuss merger
plans These men were also in at
tendance at the regular monthly meet
ing Of directors of the American Iron
and Steel Institute. II meeting to
consider consolidation of several
companies was held afterward the
fact was not made known.
New-York tribune., 1922-01-21

Bid. AsKec
Ad Rume.y pr 80 "a
Az Am Cable. leSx i-a
Anal Sugar. - %
A Blk Note rr 5ci5 e3'
.Au. Beet 9 p. 81 81
Am Coal 80. IS
Am lcs Pr. IAN Is
Am Loco pr.il5
! Am Nal. & & IS IS
An Sm pr A s.sa So
Am Snur pr. 50 10
A Sun. r pr 6sA 20
A " W =. pr, IS 50
Am VIII pr. =. e5 sS
Ann Arbos :. 10 IL
do p- ..... ee 80
A D G I'd pr IS II
Atlantic Ref. 1000 1910
do pr lib lI6
Atlas Tack :. AZ II
Auto Sales pr l3 IS
Bald Loco pr.lS5 lo6
Barnett Lea. 40 As
do pr ..... SO "
Bsrnsdall -. lSA %
. Ratopilas NJ. l. 9
Beth Steel pr se7s 81
Bkn Edison 10. ll0
Hkn Tn Gas. T3 ISL
Brown Shoe. >. ~ A
do pr ..... SIS o.
Brunswick -. , ~
Bun Il L P. so 60
do pr 80. - W
Buff & Sus. Sc IS
do pr ..... as
Burhs Brs pr 81 81
Bush Term. q. 4a0
Can Southern. ~ -
Case J l p-.. II Is
Certainte<d -. "a 80
do LIST pr. s6 30
D s s & A.. ~ sh
do pr ..... 81 5
Durham Hos. 37
90 pr 49,. so s5
East Kodak. $50 695
do pr .....l07is
Elkhorn Coal. l5,s 1t
do pr ..... - 40
En- BrAnt E. sL 4
do pr ..... IL 2SI
Emo % pr. =. Sss So
Erie & Pitts. IL
! Fod NJ & s. . -
Fisher BY pr.l00 10
CASTOR WINS. -. - i
Gen Cigar pr. 100 l0aA
do pr deb. "a Ssh
Gilliland o pr so c5
Hartman Corp so 81
Home Mines. 54x SO
Ill Central ! 20
Ind Ref pr. 63
Int Asri pr. s. s4h
Int Cement. 26X 81
Int HRr pr. los
l NJ T I'd pr 5SH 60
Int Paper pr so 100
Int Salt -. IS -
Iowa Central. "a 6
Jol s. East. S0N SoH
KCFS&M pr. t7
Ns.ser lst pr. 40
kslly Spr pr. rex rs
| do s PC pr. "a S97i
Kelsey Wa ~ 80 81
Ks,k & d NJ. 3 5x
New-York tribune., 1922-01-21
Stocks Ex Dividend

Date. Company. p
Jan. 24-Allis- Cha lmers Mfg. Co.. Inc.
Jan. 2l- do pf ...................
Jan. 21-Nash.. Chat Z st. 4 Nv....
New-York tribune., 1922-01-21
Talk Of Sugar Merger

Last year leading fnanciers pre-
dctcd that 1922 would go down in
history as @ period during which many
industrial mergers would be effected.
Little surprise, then, was expressed yes
terday that progress is reported" in
negotiations looking to a consolidation
Of several sugar companies. In the
group were named the Cuban-American
Sugar Company, the West India Sugar
Finance Company and the National
Sugar Refining Company. Bankers
said that the American Sugar Refining
Company was not taking part in the
negotiations. A committee consisting
Of one representative of each of the
companies interested is understood to
have appointed a committee to work out
details of a possible combine.
New-York tribune., 1922-01-21
Edge OF Tax-Exempt Market

Attention was directed yesterday to
the extent to which interest in tax-ex-
cmpt securities has lately slackened by
the failure Of the City of Detroit to at
tract more than one syndicate bid for
the sl4,5o0,0oO serial Az per cent bonds
offered yesterday. This tender, sub
mitted by the National City Company,
was for $3,376,000 of the issue at 1905
and ninety-day option on the remain
der at 100 and interest. A month or
even a fortnight ago several bids pro-
viding a moderate premium probably
Notwithstanding the large amount Of
Detroit bonds brought into the market
recently. Meantime the demand has
fallen off and prices have softened.
The bid was rejected, and Detroit is
expected to readvertise the issue on a
higher coupon basis.
New-York tribune., 1922-01-21

Question: own two shares Of COaran.5
Trust Company stock, at $40 cost
some years ago and al $3.50 cost bout
a year ago. Which OF these things would
you advise? First. sell and take my loss
or second. hang on and trust for future
rise to tny average cost figure OF S5sJ
meantime getting only per cent return
or third, buy two more shares at $500 %
average my cost at s292 each for four
shares. which would return trife over
per cent. bought originally con-
servativc buy, not for speculation.--C w.
New-York tribune., 1922-01-21
Poincarc's Remarks

International bankers were inclined
to view favorably yesterday the stand
taken by Premier Poincare of France
in seeking the support of the French
Parliament. They are not in accord
with all his policies as outlined, but
believe that his position will serve to
bring together the various elements in
French politics. There also is keen ap
probation of the fact that the speech
was intended for home consumption
and that in action some Of the more
extreme phases of the program may be
modified. The only reflection of the
speech in the financial district was
slight softening in the foreign ex-
changes, attributable not so much to
any influence here as to an increase in
selling from abroad.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-06-24
GREAT SHOWING is MADE BY
MINES AT CAMP TAYLOR

A five-ton truck loaded with air.
pipe and other supplies left Wednes-
day morning for Camp Taylor
where the load was left at the
Storm Cloud property, which is
being operated by j. G. Crumley
and George Wingfeld. The work.
ing force has been increased by
three men and Is miners are being
employed at the present time.
The showing of the property is
all that could be expected and there
is a noticeable Improvement in the
size of the orebody, with a CORES
pondinf increase in values. It can
hardly be disputed but what the
Storm Cloud will develop into one
of the big producers of southern
Nevada, and the concensus of opin-
non among mining men is that the
district will proceed to give good
account of itself in the immediate
future.-Tonopah Bonanza.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-06-24
DRY LAW CHANGES ARE
FAVORED BY SEC. WEFxs

CHESTER, Pa.-Secretary of
War Weeks, in an interview here
was quoted as saying he favored n
modification Of the prohibition law
He said he had found a general
sentiment in favor of an amendment
to the Volstead act. The people.
the secretary was quoted as saying.
want beer and wines and if he were
in Congress he would aid them.
Referring to the statement of
Senator Capper, of Kansas, that
Secretary Weeks should resign be-
cause of his speech in Ohio last
week, the secretary said that Sem
ator Capper did not appoint him.
"You can't be in tune with every-
body all the time," said the secre-
tary, "and this shows Senator Can
per and | do not accord in our
opinions"
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-06-24
FISH LAKE DRILL
Is AGAIN STARTED

George A. Foster, vice-president
of the Fish Lake Merger Oil Com
pany left this morning for the seat
of operations and upon his return
will be accompanied by w. S. Clark,
who has been making repairs on
the drill which was so badly dam
aged a little over three weeks ago
as result Of the shive wheel
breaking loose. Advices from Fish
Lake this morning were to the eff
feet that the big standard rig will
be eating its way into the earth be-
fore the day has drawn to close.
The present depth of the well is
118 feet.-Tonopah Bonanza.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-06-24
FORESTS ARE OVERCARZED
AND GRASS VERY LIGHT

L. B. Koch, deputy supervisor of
the Humboldt National Forest, was
recent visitor in Winnemucca
while en- route from an inspection
trip to the Humboldt division of the
forest to his headquarters at Elko.
He reports the lower end of the
Humboldt county reserve to be
overgrazed to some extent, but the
northern part of the reserve, at the
head of Martin creek, the Little
Humboldt and Quinn river, is in
good condition, except that the
grass this year is light because of
the lateness of the growing season.
Mr.. Koch did not visit the Rebel
Creek "side."
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-06-24
HAY MARKE TING
ASSN. ORGANIZED
Farmers of Western Nevada Form
Cooperative Marketing Ex-
change to Assure Hay
Sales at Given Figure

At a recent meeting of delegates
from the alfalfa producing counties
of western Nevada, held at Reno,
plans were made for the completion
and functioning of cooperative
marketing exchange to assure sales
of alfalfa hay for not less than a
set minimum figure for all farmers
belonging to the organization, the
marketing association to begin func-
tioning not later than August /.
One of the primary services to
be rendered by the Nevada market
ing exchange is to secure informa-
ton and explore and develope local
and outside markets for alfalfa hay
to the end that all alfalfa produced
each season will be locally consumed
or exported without carry-over and
at the best fair and profitable prices
to the grower.
A membership fee is charged
members of this organization and at
the end of the year, when all hay
has been sold and settlements made,
any surplus remaining above actual
cost of marketing service is ac-
counted for to each grower ac-
cording to his equitable interest in
the exchange.
This exchange is made up of
members from Lovelock, Fallon,
Fernley, Reno, Yerington, Minden,
Gardnerville and Smith Valley, and
other town in the vicinity.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-06-24

representative to meeting OF
Western Pacific electricians to be
held in that city next Tuesday.
Leona Powell had the misfortune
to catch her right arm in an electric
wringer a short time ago brusing it
painfully, and is now compelled to
carry it in sling.
Joe Wilson, Humboldt Farm
Bureau Agent, and Miss Marjory
Mann, county home demonstration
leader, left for Orovada today to
hold meetings at that place.
Mr.. and Mrs. H. P. Ward and
daughter Virginia left Thursday
evening for California, to be gone
for a couple of months, when they
expect to return to this city.
John Egoscue, Pete Lascrete and
Pete Echanchu, all well known
stockmen in Humboldt county, left
yesterday for points in France and
Spain where they expect to remain.
Fred Gorham is in town today
from Gold Circle and is overseeing
the loading of car of draft horses
to be shipped to Pleasanton, Cali
fornia, from his Double Square
ranch.
C. E. Haviland and C. B. Brown
returned yesterday morning from
Carson City where they went as
witnesses in the bootlegging case
of Dave Ford, which came up in
federal court Thursday.
Ed. Connors and daughter, Miss
Mabel Connors, were in from the
Godchaux ranch yesterday, bring
ing in Mrs. G. Wise of Sparks, who
has been visiting with the Connors
for a couple Of weeks, and who
continued on to Battle Mountain
yesterday. Miss Florence Ruther-
ford accompanied Mr.. Connors and
daughter back to the ranch where
she will visit for several days.
The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-06-24
C. OF c. MEETING
HELD LAST NIGHT

(Contiued from page one)
the Lassen highway and the |. O. N.
cutoff urging that they use their
influence with the bureau in SCI
curing a reconsideration of their
attitude toward this particular sec
ton of highway.
The matter establishing concen-
trated Indian village on the l6O
acres of federal land south OF town
was considered and committee
appointed for looking up of further
data on the matter. 1t was stated
that Elko had asked for federal
appropriation of $4,000 for the
establishing of similar school and
settlement at that place, and that
if not established. here also, a num-
Der of our local Indians would no
doubt remove to that place. AS
these people are reported too have
a considerable effect upon business
conditions in this city and county
it is thought advisable to make
efforts to assure their residence
here.
Reports were given of various
committees of those attending the
road meet here on June 8 and III,
one of the biggest and most i'm
portant meeting of its kind ever
held in this city, and expressions
of appreciation and goo will were
read.
Upon the matter of the divorce
between the S. p. and c. p. rail-
roads, it was decided that COM
mittee of six members of the cham
Der should be appointed to make a
more thorough investigation of the
matter and report to the chamber
before any definite action of con-
clusion should be decided upon, the
view being expressed that the sub
ject was of such vital Importance
that no hasty decisions should be
reached.
A petition from the people of
Orovada asking the cooperation of
the Chamber of Commerce in secur-
ing a federal appropriation for the
sinking of an artesian well in that
vicinity was taken up and the Sec
rotary authorized to draw up a reso-
luton expressing the favorable SEN
timent of the local organization and
the forwarding of same to members
of the geological survey and rep
resentatives in the Senate and
House.
Steps were taken for the porper
signing of roads from this city
north and short roads in between
erecting metal signs at the cross
roads and plans for raising the
necessary money including an ap-
plication to the board of county
commissioners at their next meet
ing for an appropriation for adver-
Using purposes were made. A
similar appropriation, it is stated,
is made by most commissioner
boards in other counties and the
hope was expressed that the same
might be conceded to the local
organization.
After considering and approving
request by the American Legion
boys for support in the Fourth of
July celebration to be held in this
city, the meeting was brought to
close with the promise of an
other rousing session on the next
meeting date.