davidaulloa/AmericanStories huggingface dataset:
SveÌŒt = World. [volume] (Cleveland, Ohio) 1911-1939, 1919-06-09
KAPITOLA vi.

plyvala Sc zarmutkem, nebot'
milenec jejl, na nemz S celou
dust svou a celym zivotem
lpela, byl il prave po zvlast-
MIN poslu vzkaz postal, ohla-
suje il, re jest pevne odhodlan
ma provolanl guVernera massa-
chusettske osady vypraviti Sc
do pole proti Indianum. Krok
ten oduvodnoval rka, re 81 chce
Iruku jeji ma bojisti pomste-
MIN smrti otce jejiho vydobiti.
| Neboha dlvka m6la oci sIza
mi zalite a nadra Sc il dmula
Iprudkou bolesti. Leila 81 bu-
doucnost svou V nejcernajsich
barvach; videla miIence svaho
raneneho sipem indianskym,
dlvala Sc, kterak divosi vitez
Inym rykem do tabora sveho
jej vlekou, ably jej pc SVEN o.
|byceji k smrti umucili.
kdyz Sc hodne byla vyplaka
la, vzchopila Sc a spechala k
mace pro utechu. Ale matka
|byla zcela jineho nahledu; jeji
|nenavist k Indianum prekona-
vala soustrast Sc Zarmoucenym
devcetem a nachylnost k stated
menu FitZ Reymondovi. Pravi-
la k narikajici a placici dfvce:
"Mila Alicko, coz isl jiz "a
pomela ma ten hrozny okamzik,
'kdyz nam prinesli mrtvolu I've
no otce a meho zboznovaneho
manzele do domu? ?Krev neho
srcela a telo jeho bylo tax 20
haveno, re po kolika letech ja-
sle pri vzpomince krev V III
lach mi stydne a mrakoty mne
obestrou. krasna hlava jeho
byla pozbavena bohateho GER
neho vlasu, - bylt' skalpovan !;
pravou ruku mel ut'atou toma-
haWkem a srdce jeho, to velke,
laskyplne srdce bylo mu vyrva-
no z prsou Ach, jak des
ny byl ten obraz, jak tryznepl
ma vzpominka. Pak-li tobe wy
sci z paTeti, mne nevysel. A
proto lehman kazdeho a vele-
bin jej, kdyz bojuje proti TEN
rudym d'ablum, proti vrahum
meho manzele a tveho otce. We
leben budiz Fitz Raymond "a
to, re odhodlal Sc prispeti ra-
menem a udatnosti svou k Wy
hubeni toho krveziZniveho pie
meme, ktere mne a Ma sta tlslce
jinych V teto zemi ucinilo ne
st 'astnymi.'
Stara pani RavensWoodova
.podobala sc V teto chvili and6-
lu pomsty. Jako snih bila tvar
Iieji byla ozivena vnitfnim pO-
|hnutim, z oci hluboko Zapad-
lych a prece velice jimavych
.slehaly il blesky hnevu a ma
dra dmula Sc il, jako more
bouTi bicovane.
Alice nevidela nikdy matku
,svOu V tax nesmirnem rOZclIe-
nj. A te pficiny nenamitala
!niceho proti zameru Fitz Rey
monda, ale hledela splSe, ably
iii upokojila, kdyz Sc il to po-
darilo a matka usnula, odebra-
la Sc do sve loznice, kde push
LA uzdu svym mySlenkam a po
citum. Zatim spustil sc venku
Ilijak, provazeny prudkym We
trem a casem zahrmenim. Ia
boure venku shodovala Sc tax
zcela naladenim mysle joji,
re ami nepozorovala, re hodina
"a hodinou miji a pulnoc sc
lpiiblizila. kdyz hodiny ma rim
Sc hrbu postavene billy dvana-
ctou, protrhla Sc z hlubokeho 4
utrapneho zadumani sveho a
ivzchopice Sc, jala sc pred II
!cadlem svlekati. Odhalic rame
na a prsa sva a rozpustlc Ger
ne. bohate a laskle kadeTe sve,
zhilzela sc Zrcadle, ktere "
selo mad krbem. Jakoby sama
mad spanilosti svou zasla, zh!l-
zela sc V zrcadle. Tesknota,
ktera 4 krasneho unyleho Okla
SveÌŒt = World. [volume] (Cleveland, Ohio) 1911-1939, 1919-06-09

PRODA Sc praci stroj a det
sky kocarek "a levnou cenu.
Haste sc v els. 4317 Warren
Ave. 6-1O
SveÌŒt = World. [volume] (Cleveland, Ohio) 1911-1939, 1919-06-09
MA PRODEJ tri velke loty

MA PRODEJ tri velke Lofty
ma So. Miles Ave-, kazdy 55
str. siroky a 800 str. dlouhy.
Jest to rohove misto V ceske
ctvrti jen 5 minut cd kary a
20 minut cd CorleIt. Cena
S12OO.OO, hotove $4,000, taz
Sc prijmou Liberty Bonds pl-
ne Gene. BlizSi sdeli j. Will
mex, 2115 Broadview Ave.
Vemte w. 25tou karu. 60
SveÌŒt = World. [volume] (Cleveland, Ohio) 1911-1939, 1919-06-09
"a PRiCINOU prestehovani

Drodaii Sc Dlynova kamna ma
yareni, uplnt nova a hrasny
kozeny set do predniho poko-
je a tez kamna ma tvrde .uhli.
81
SveÌŒt = World. [volume] (Cleveland, Ohio) 1911-1939, 1919-06-09

KOUPI Sc maly domek pro
Iva lidi V Corlett, V Gene asi
S250O.00. Agent Sc vylucuji.
Nechte vaSi' nabidku V adm. t.
Iistu pod znackou "Domek".
SsA. 60
SveÌŒt = World. [volume] (Cleveland, Ohio) 1911-1939, 1919-06-09
DrObne
0znaan,ky

HLEDAM .BYT ceske rodi
ne Sc stravou ma zapadni stra-
ne. Haste Sc v elsie 3403 Sto-
rer Ave. 60
SveÌŒt = World. [volume] (Cleveland, Ohio) 1911-1939, 1919-06-09

KOUPi Sc majetek "a me-
stem asi cd 5 do Is akru We
vzdalenosti do 20 mil cd squa-
ru, blize kary a dlazdene ce-
sty. Haste Sc aneb pfihlaSku
zaSleJe ma L. Krejzl, 3454 E.
121 st. 60
SveÌŒt = World. [volume] (Cleveland, Ohio) 1911-1939, 1919-06-09

PRODA Sc trava ma stojat6
na 3akrovem pozemku velmi
Ievne. Haste Sc V els. 1919 E.
ia. ul. 60
Metropolis weekly gazette., 1919-12-26
Centralia, iii.

Rev. w. H. Garter, preached
touching sermon Sunday and Rev.
X. S. Anderson, the district miss
ionary delivered same in the eve.
We had a reciting contest for the
benefit OF the church last week.
Mrs L. M. Phillips. who teaches
at Lincoln Schooi s'as the winner.
The cement floor is being layed
in the basement Of our new edi-
fice. when set the furnace will be
installed.
We remain yours in Christ,
Rev. w II. Carer, pastor.
J Scott. Clerk.
Metropolis weekly gazette., 1919-12-26
SteWdrdess Rally a
Decided Success.
Good Services all day. Rev. Ed.
gar McCrary, Preached Good
Sermon. DR.. Jones,
Leads Host.

The Stewafdess rally at ST. Paul
A. M. E. church. last Sunday was
"A decided success. Mrs Georgia
Ann Martin, the president with
the aid OF the board made Sunday
high day for the pastor, DR.. 5.
b. Jones.
Rev. Edgar McCrary. pastor OF
the Provident Baptist church was
invited to preach by the pastor
and the board two weeks ago and
according to announcements a
large crowd greeted him at the
morning service. He in his own
way preached a strong gospel SER
mon that set the hearts of men and
women on FIRE. The choir under
the direction of Mrs. II q. Burke
was at its best and rendered ex.
ceilent music.
The pastor. DIR Jones. IS doing
a good work. having been here
one year and half and paid $500
on the church debt which speak.
well for him.
Rev. A. H. Jones, of Kansa:
City. kas. spoke at the evening
service To large crowd. fhu.
closed high day at St. Paul.
A free will offering was giyer
Rev. McCrary, at the morning
service which amounted to $a,3;
for which thanks was extended.
Metropolis weekly gazette., 1919-12-26

@ha, cost; please advise in your
reply. | am in the field oil active
work aad felt somewhat sighted
when saw. you we've in Chicago.
aud tailed to come 10 Toledo.
knowing several OF your old friends
are here and would have been glad
TO cut rtsin you. but you viii
be back again at which time we
will expect you,
! am serving in both capacities,
Religious and Fraternsl. Would
be glad to further gain prominence
for the Eastern work through your
printed columns. II you can favor
the Casters world and forward
me an ancwer at once.
With best wishes. | am yours
brotherlv and ffaternally.
N c. Christian.
ID. DIG NJ. Secretary King Sol
omon Lodge No. s. Vice Pres. OF
Nor hwestern O. S. 5. Convention
and Special committeeman.
Metropolis weekly gazette., 1919-12-26

To the Churches and S. Schools
This is to inform you that Rev. A.
Loveace, OF Murphysboro, wishes
to enter the National Baptist Theo-
logical Training School, on Noa.
18TH, the date set for opening this
great school which is iostered by
the National Baptis, Convention,
Unincorporated. He needs as
sistance and only asks tfat the
churches and S. s. assist him in
securing an education. / there
fore, as Moderator OF the Mt. Olive
Baptist Association and trustee
from illinois OF this Training
School, located 10 Nashville,
Tenn, contribute jointly the small
sum of ST. 90 per month toward
assisting this young man in paying
| his way through cL&lege Unity
Baptist church and S. S have
voted to give 81 90 per month,
We desire and hope every church,
and auxiliary will willingly con-
tribute for this purpose. Help
Southern Illinois share some credit
with other states in sending some
one TO this great school as it must
be supported Rev. Lovelace ,
leaves NEXT week.
Please indicate through the coli
umns OF this paper how much you
are going to give.
Rev. Thos. Morris, pa stor OF
Antioch Baptist church. Metropo-
lis. says he is willing to go record
as one who will give $i.oo per
month for his church. This a.
mount can be lifted as an after COL
lection or by giving CSC per Sun-
day. The time is at hand when
we must help struggling brother
and sister.
Yours bfothsrly.
!. b. McLrary.
Metropolis weekly gazette., 1919-12-26
Notice.

This > 70 inform al 81 the
<Asschcs, eseles and members a
the W r r. State Association.
ssxilInry 70 the General Mission
ssy Baptist State Association thar
Sister Nancy. Brooks. was elected
and authorized 10 organize circl.s
and 70 do missionsry work in ger
eral in The Sou,hera dis,ic, She
has forfeited all rights and priv
Ieges by asso-iasipg and CONNECT
ing herself to The Holy church.
She has denounced the isith. and
her connections yvh.as has ceased
Done by the order Of the State
Executive Board.
Bette Wilkerson. Pres.
NIB Taylor, Corr. Sc cy !,
Metropolis weekly gazette., 1919-12-26

Dear Santa Claus:
| am little boy seven years
old. igo to school every day.
and am in the third grade.
! am not asking sou to bring
me very many things this year,
for know everything is very high;
but ! want a wagon, story book
automobile. apples, oranges. cam
d es and fire works. Bring me a
stopper gun at aunt Mamie 5, and
q train at aunt Ruth ).
From ylur little boy.
Homer Towles.
Metropolis weekly gazette., 1919-12-26

Rev. A. Lovelace, in School.
Nashville Tenn. Nov u

Nashville Tenn. Nov q.
Editor OF the Gazette:
Please allow me through the col
umus OF your worthy paper, thai
| am ia the city and according to
previous plans am attending the
NaIionaI Baptist Theological school
(unineorporated convention) every
day. The School according to
the adserrisenen, oi the trustees
threw open rs doors Last Monday
the i7lh. \ splendid program
was arranged and gieat enthusiasm
prevailed and after more than a
quarter Of century u planning on
the part Of the Baptist they are en-
sbled to operate The greatest Ne
gro Baptist School in all the world
These buildings are ideal in every
department.
Mt Olive Bap,is, Association Of
Illinois siiI receive the credit OF
being here was greatly encour-
aged by our ~ide-awase modera-
tor Kew ] b MeCrary. who is a
trustee Tor this school
uust that ezsh pastor will take
a special collection at once so as TO
reach me here by the Ist OF Dec.
os Ut each n1osah Any amount
will be thankfully received and the
same reported ~ the columns Of
the paper ~ish 10 thank the
pastor Rev Tho<. Morris. and the
Antioch Baptist church, Meuopo-
us Macedonia Baptist Church
ut. Pleasant Bspiiss chdrch. and
Mr. &. Y Parker Ahite) Harris
burg. for thc dnaneiaI assistance
and will iry 10 make good ~
am yoafs Tor the defense Of
the gospel
Rev \ Ioyel,ee
Cor zih X Sewer. SIS
n care q Rev ] l.. Harding
Let each ehafch OF This district
lift collection 1t once and forward
ssmeso Rev. a Lovelacc. Nash
vile. Tenn n care oi Rev |.
Harding See' ) Treasurer.
Metropolis weekly gazette., 1919-12-26
EX.SLAvf 10 CELEBRATE
HIS iI2th BIR HDAY

John Jackson. born an slave
in Clay County. Mo. and was
sold seven times. will celebrate his
iIzth birthday Christmas Day on
his ten-sefe truck farm near Ca
hokia.
Jackson won FOO; races when he
was Sc and was never marrifd un-
al twelve years ago. His vile =
dead.
he has sent out invitations 70
bis friends TO attend the celebfat-
zoo.
Metropolis weekly gazette., 1919-12-26
uture City, In.

The marriage announcement OF
Miss Ollie Isola Lawton. TO Allie
+. Garrett. came as a surprise to
their many friends.
The couple was married Oct. 4.
Mrs. Garrett, is the principal of
the Bruce School of Future City.
MIR. Garrett. is associated in
farming in Missippi County. where
they will reside in early spring.
Metropolis weekly gazette., 1919-12-26
Subscribes for Gazette.

M. l'ritts Lyons the upper
Market. barber man, who conducts
a FIRST class tonsorial parIor, and
who owns beautiful home on n
Vienna. St became a subscriber
TO the Gazette. Mr.. Lyons, is
high in the busineas and fraternal
world; Mason OF long standing
having hed several important Of
fees in Silver Crown Lodge No
20. +. & A. NJ this city.
Mrs John Smith. of w 9TH
ST.. was another subscriber to the
Gazette. She is the wife OF Mr..
5 NTH, veteran OF the late war
They are industrious people and
making Metriopo IS good citizens
Mr.. Snith. Is also a mason We
are glad to have botn Mr.. Lyon.
and Mrs Smith read the Gazette
We thank Mrs. Nollie Gordon
Parks for thar Job Of printing.
Metropolis weekly gazette., 1919-12-26
Prof. Jonea in City.

Prof. A. n. Jones. ex-princi-
pal oi Dunbar High School arrived
IN the city Sunday morning to
spend the holidays and Is the well
come guest Of Mrs. ! t. Jones,
who was his. board mistress while
in the city teaching.
Prof. Jones. comes TO US from
Kansas City. kas., where he re-
sides. lie is one OF the instruc-
TOT. Of Quinderra College and as
sistsnt pastor OF one Ct the \. NJ
+. churches OF that city with a
membership ci 100 and who has
just closed successful rally at
which time 80, 500 90 was raised
lie occupied the pulpit Sunday
evening at the ST. Paul A. NJ T..
church. and preached adeep logi
cal sermon. which pleased his
hearers. P,oi Jones. is the son
OF Bishop Jones. Of Ohio, who pre-
sides over the Oho. and Texas
Conferences and who is doing
creditablc work for the Wilber-
force University.
lie has made many friends in.
this city. having turned ont more
graduates from Dunbar than any
other principal thus far.
.-.--------. ? :.
Metropolis weekly gazette., 1919-12-26
Fhed for vislating Sehssl law.

The FIRST case from the country
districts Vas tried in Squire Wrig, >
Court here last Saturday. Fred
lIomberg plead guilty and was
ha.d Trimmings and all amount
cd 20 fourteen dollars. The trun-
aacy lsw can be and viii be en-
toreed.
Metropolis weekly gazette., 1919-12-26
From a Friend in Toledo, 0.
Toledo. Ohio

Toledo, Ohio.
Rev J. B. McCrary.
Dear .ir and brother:
Having noticed a few days ago
through the Chicago Defender OF
youl coming into prominence IN
the Masonic world. must fir.t
congragulate you on your high
honors and do hope tor you great
success as a co-Norker.
Reverend | an wiring to see i
| can obtain spaeein your paper
for a recognition oi Toledo, 70 be
published each week II so, at
Metropolis weekly gazette., 1919-12-26
WOMAN TRAMPlED TO
DEATH IN BARN BY COW

Benton, H.. Dec. IS.-Mrs.
Julia Saksa, was found dead at
West Frankfort today, The cor
oner S jury returned verdict thar
she had been ttampled to death
by COW.
Metropolis weekly gazette., 1919-12-26

Member of the National Bap-
tist Publishing Board, Nash
Vile, Tenn, who was declar.
ed Recently by the Chancery
Court, TO be one of the origi-
nal Board members
He has been selected asdel-
egate to National S. S. Cong
ress next Jane 90 Japan, "A
good selection.
Metropolis weekly gazette., 1919-12-26

Dear Santa Claus
! am writing 50 you win koow
what want for Christmas. !
want suit. cap. some books and
a windmill
Your little boy.
Loren Towlss.
Metropolis weekly gazette., 1919-12-26
Letters to Santa Claus.

Dear Santa Claus:
| am writing you what want
for Christmas. want cap and
piano. and want you 10 come to
Brookport and bring me a doll.
doll buggy and a story book.
from your little girl.
Rita Long
Metropolis weekly gazette., 1919-12-26
FIDELITY HYMN
Dedicated to 9Th ILL.,, Regiment
BY Prof. S. |. Thorpe.
Ullin, Illinois.

UlliR, Illinois.
Tune "Our Republic
Come forth, dear soldiers,
You're called to the front!
Have you the courage to
Come forth at once?
-: Will ycu respond to your:l
Country's loud call?
Do not refrain for the
Summons is to all!
Rise Eihgth Illinois TO your
Country's call.
Are you so loyal
That we may rejoice
That this proud country
Has made you its choice:
II: Are you as brave as the:
Tenth Calvary,
Whose daring deeds
Has made our country irees 4
Rise? Eighth Illinois. to your
Country's call.
Yes, you have courage;
You re loyal, brave and true
To your dear country flying
The red, white and blue:
l: Yes, you have responded!
And are now in line.
Ready to serve this great
America OF mine
Hail. three times hail to
Our Eighth Illinois.
Metropolis weekly gazette., 1919-12-26

Subscribe for the Gazette.
Metropolis weekly gazette., 1919-12-26

We thank Mrs. Nollie Gordon
Parks for thar Job Of printing
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-11-02
REGIONAL COMMITTEES
FOR COAL DIVERSION

The coal diversion order issued by
former Federal Fuel Administrator Gar
field will be enforced and administered
by eight regional coal committees set up
by order Of Director General Hines.
These committees will work under .
central committee in Washington and
also will work with the regional d.
rectors Of the railroad administra-
ton.
The committees are located At New
York, Philadelphia. Atlanta, Boston,
Cleveland, Pittsburgh. Chicago and
st. Louis. and are made up primarily
of railroad men. Sitting on each
committee, however. will be repre-
sentative Of the federal fuel admins
tration.
The railroad administration an
nounced that in allocating coal for COM
mercial purposes these committees will
be guided by the requirements of the
consumers who have no available re-
serve and must have coal for their i'm
mediate needs
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-11-02
FOR PROMPT
SIEEL-|RON DELIVERIES

NEW YORK, November 1.-Hfshe,
prices in the way of premiums paid
for prompt delivery to consumers
have been noted in both iron and steel
during the past week. In steel the
demand for semi-finished products
has unearthed a scarcity, which in
turn. has been the signal for a
stronger demand from consumers
Premiums ranging from 50 to s. per
ton have been the rule. and billeta
and bars have shared in the advance
In connection with the stronger tone,
it has been noted that the leading
interests show tendency to quote es-
tablished prices, whereas the smaller
Independent interests are taking the
initiative.
Export demand continues heavy. but
sales have been limited because Of the
unsettled situation in. the domestic
market. also because many of the
plants are booked up for tho remainder
of the year. and are consequently un-
able to quote delivery on the inquiries
are particularly strong. the demand for
sheets. bars. wire products and tin
plate being exceptional. An inquiry
for 10000 tons of billets from
Belgium Is noted mere, out little nope
is entertained that an order will be
closed.
The market for prompt delivery
iron is generally from 81 to 81 per
ton higher than the prices which
prevailed directly after the steel
strike. Business for 1920 is being
done by some interests. but there
are many factors in the trade who
are unwilling to commit themselves
until labor becomes more settled.
Copper continues remarkably dull
and the coal strike and tie-up of the
local port have been pointed to as
reasons for the failure Of consumers
to cover for their needs. Further
easing of in price has been noted.
Lead continues firm. with some
business passing at the established
price.
Zinc showed an easier tone in the
market during the last few days.
Absence Of export demand. on &C
count OF the position Of the London
market is mentioned as the chief
reason for the easy tone.
Record tonnages of tin are reported
at the local port, but the strike of
the longshoremen has interviewed to
prevent normal movement, and in
consequence the market for available
spot tin continues firm at around So
cents per pound.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-11-02
MASS FOR WARS BEAD.
Cardinal to Celebrate It Aboard
italian Warship at Norfolk.

NORFOLK, Va. November MEM
tleship Conta di Cavour will witness
an impressive military service here
tomorrow. when Cardinal Gibbons
will celebrate military mass on board
the vessel for the souls of all those
The cardinal will be escorted to the
battleship by officials OF the Knights
of Columbus and. as q prince OF the
church. will be received with a salute
Of twenty-one guns. He will spend
tho entire day on board the war YES.
sell
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-11-02
NEW YoRK BANK STATEMENT.

/
| actual condition Of clearing house
| week shows that they hold $46.547, TAO
! reserve in excess of legal require
ments. This is an increase OF $12,-
| 552,310 from last week.
The statement follows:
Actual condition:
Loans, discounts, etc. $o,364,812.000;
| increase, $32.636,000.
Cash in own vaults. members OF
| federal reserve banks, $91,114.000; de-
| crease, $8,735.000.
Reserve in federal reserve bank OF
member banks, $5so,194.ooo: increase
| $685., 900.
Reserve in own vaults. state banks
and trust companies. $10.s53.000; de-
| crease, $245,000.
Reserve in depositaries. state banks
and trust companies. $12,66s,000; in
! crease, $653,000.
Net demand deposits. s4;2s!.s1s.ooo;
| increase, $50,090.000. United States
deposits deducted, 1901. 7s5.o00.
Time deposits. $27s.o25. 900; decrease.
Circulation. sss.s77.ooo; increase,
Aggregate reserve. ss1s.715,ooo.
Excess reserve. $46,547.74o; in
Summary of state banks and trust
companies in Greater New York not
included in the clearing house state
ment:
Loans. discounts. etc. $so4.s21, 900:
increase, $1.773.400.
Gold. $S.11s.200; decrease. $155.200.
Currency and bank notes. $17.71O.-
500; decrease, $193.S00.
Deposits with federal reserve bank.
New York. $72s3s.s00; increase,
Total deposits. $sso.s51. 400; in
crease. 1850. 200
Total deposits. eliminating amounts
due from reserve depositaries and
other banks and trust companies In
New York city and United States de-
pcsits, $79e.S05. 600; Increase. $11,1S7.-
500.
! Banks cash in vaults. $24.112,0o0.
Trust companies cash In vaults,
$75.556.S00.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-11-02
NEWSECUR|T|ES
OUT LAST MONTH
Preferred Stocks Exceeded
Amount of Notes and
Also Bonds.

New issues for the month were in
larger volume, with corporate finance
still favoring stock issues. The larger
corporate issues of bonds and notes
were about $4,000 900, compared with
$125.ooo,000 preferred stocks.
The most notable foreign issue in
Anglo-French loan of 1915 is the
offering of 250.000.000 Of So per
| cent notes or bonds of the United
Kingdom of Great Britain and Ire
land. dated November 1. 1919. Sub
scribers have the choice of notes
maturing August /. 1928. The notes
are offered at SO. to yield about 6N
per cent. and the bonds at 96A, to
yield little over s per cent. These
notes and bonds are'payable in New
York in dollars. and free. of all
convertible at the option Of the holder
into national war per cent bonds
(internal sterling loan payable at
maturity at 1859. due February 1.
1929. at the fixed rate of $3.50 per
pound sterling.
A Generous Field.
terest yield with a highly probable
profit through the exchange and con-
version features. The long term ma
turity in reality is a az year option
on sterling exchange at approx
mately 4.15. the present prevailing
price for the national war loan
during that period. Assuming 400 for
exchange at the maturity at the
British war loan at los. the ten
year bonds then converted would
yield the present purchaser approx
mately 6.46 per cent.
If exchange were then normal (4.S6)
conversion would result in an inter-
est yield of approximately 746 per
cent. 1t is. therefore. estimated that
investors can assume a minimum in
terest yield somewhere between these
limits. Should exchange, however
move toward normal prior to the ma
turity of the war loan and conversion
and sales are made at an earlier date
the interest return would be material
ly higher.
Purpose of Issue.
The $250.000.O00 issue is made to
provide funds for the REDEMPTION of
about $135.000.o00 of dollar notes fall
Ing due. and for the purchases or
payment which the British govern
country. Some part of it may be
transferred to private parties hay-
ing payments to make in the United
States.
Preferred Stocks.
Since the first of the year it is es-
timated that the total issues of pre-
ferred stocks by corporations exceed
S60o.0oc.000. these figures including
issues in excess Of 100000. In adj
dition. a number of corporations have
sold large blocks of common stocks.
This indicates the confidence of inves-
tors In the strong financial position
Of American Industrial corporations
which have built up large surpluses
and working capital. insurinr an Anil.
ity to pay dividends for an extended
Period.