davidaulloa/AmericanStories huggingface dataset:
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-05-05
CIRCUS TO HAVE
LONG PARADE ON
CITY'S STREETS
Sells-Floto Train Will Arrive
Here at 4 o'clock a. m.
Tuesday.

All is ready for the coming of the
Sells-Floto circus to this city tomor-
row. The train, consisting of twenty
seven cars, will arrive in Richmond
at o'clock tomorrow morning from
Indianapolis, and will unload at the
Twelfth street yards.
The long two-mile parade, with its
hundreds of interesting features, in
GLIDING wild animals, gilded cages,
steam calliopes, and clowns, begins at
IL o'clock from the show grounds at
Twenty-third street.
The parade will come to Main street
from the show grounds, thence west
on Main to Twentieth, north to E.
west on E to Fort Wayne avenue
south on the Avenue to Fifth, south on
Fifth to Main, whence the line OF
march will be down Main to the show
grounds.
Little doggies and big elephants
cute ponies and beautiful white ring
horses, petite girl riders in spangles
and pink silk, and towering gorillas
with the strength of ten men.
Wonderful Horse.
Sunrise, the golden horse, the mos
beautiful specimen Of horseflesh In
the world, will appear in the two-mile
parade, as well as in the ring perfor
mances. 1t Is easy to pick out this
splendid animal from all the Other
horses as Of superior stock. He was
purchased at small fortune from one
of England's titled sportsmen soor
after the world war broke out. Ami6
the dangers Of the submarine, Sunrise
was brought to the United States. Ths
highest insurance ever placed on {
horse, $4,000, was put on Sunrise b.
his owner, Otto Floto, sporting editor
of the Denver Post.
The performances open this yea
with a spectacular extravaganza of be
wildering beauty, 1.-THE Birth of thu
Rainbow" in which 500 people and 40t
animals appear in costly garb ant
trappings. The groupings and effect:
in this Kaleidoscope spectacle are al
unusual as they are beautiful. Scores
of ballet girls take part.
There will be two performances
The afternoon show starts at 2:1l
o'clock. The evening performance be
gins at SIS.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-05-05
Woodman Reads Paper At
Meeting OF Ministers

The Rev. Charles NJ Woodman, pas
tor of the Allen Jay Memorial church.
read paper on The Inner Life of
Christ" at the regular meeting of the
Ministerial association Monday morn
ing.
The statistics of the membership
campaign recently completed were
discussed. 1t was shown that 241
persons joined churches represented
in the ministerial association during
the campaign.
A reply from the resolution recently
sent Senator James E. Watson, con-
corning the League of Nations, was
read, but will not be made public.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-05-05
Committee Named For
War Mothers Service

Mrs. George Davis, chairman Of the
decoration committee for the War
Mothers Commemoration service to
be held in the Coliseum at o'clock
Sunday afternoon, May IL, has an
nounced the following persons to form
the personnel of her committee: Mrs.
Harry Mather, Mrs. NJ F. Johnston,
Mrs. Walter Dalbey, Miss Mary Glenn
ents and Mrs. Ray Longenecker.
Decorating will be begun Saturday
afternoon. A profusion of flags, and
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-05-05
Forty To Attend Real
Estate Board Luncheon

The Richmond Real Estate board
has issued more than 40 invitations
for luncheon to be given Thursday
noon at the Y. III. c. A. J. B. Pfister
of Terre Haute, president of the Indi-
ana Real Estate association, and C. B.
Durham of Indianapolis. secretary of
the same organization. and Dennis B.
Cook of Columbus, o., national Off
Ger OF the Real Estate association, will
be speakers.
The invitations have been sent to
builders, contractors and bankers and
other persons interested in real estate.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-05-05
Mrs. August Backn,eyer
Dies at Her Home Here

Mary Backmeyer, Sc years old, wife
OF August Backmeyer, Henley road,
east Of town, died at 2:30 o'clock Sun
day afternoon at her home. Mrs Back
meyer had lived all her life in Rich
mond
Surviving relatives are her husband
and two sons, Charles and Harry, and
two granddaughters.
Funeral services will be held Wed
nesday Afternoon at the home at 2
o'clock and at 3 o'clock at st. Pauls
Lutheran church. Burial will be in
Lutherania
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-05-05
HEARS DlLL's COMPLAINT.

The board of works Monday heard
the complaint of Howerd Dill, of the
city waterworks, that the proposed
change of the Main street bridge by
drant to the Starr Piano works, would
compel the company to put in 400 feet
of main without any additional reve.
nue.. The board tok the matter under
Amusement Permission was granted
the Woolworth company to put in a
sidewalk shute at their store at Sew.
enth and Main.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-05-05
GETS LINE ON GARDENERS.

Cards were circulated at the High
school Monday morning for pupils to
sign as to their gardens. Each pupil
will state the area of his garden, if
he has one, and the area of his par
ents' garden if they have one. The
cards were passed in the grade
schools recently by Garden Supervisor
Frank Wesler, in order to get an es-
innate of the area of gardening being
done in Richmond
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-05-05
TESTIFY AT WEST TRIAL

Assistant Chief of Police Ed McNal-
ly, Coroner S. Edgar Bond, and Daniel
McManus will go to Hamilton Thurs
day to testify in the trial of James
West, accused of the murder of w. o.
Kittinger on c. and o. train in But
Ter county Ohio. several weeks ago.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-05-05

red and white carnations will be used
throughout the Coliseum in. honor OF
the service men Of this county and
the mothers. Sunday. May IL, Is
Mothers Day"
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-05-05
BOARD MEETS TONIGHT.

The regular meeting of the board
of directors of the Richmond Com
mercial club will be held at 1880
o'clock Monday evening.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-05-05
TEACHERS TO PICNIC

Tho pirhrcnd Federation of Teach
ers is planning to have picnic Thurs
uay e,euIng al BeeIors Woods.
New-York tribune., 1919-08-22
Foreign Holders
Offer Rail Bonds
To Local Bankers
Large Blocks of u. S. Securi-
ties Owned Abroad Are
Being Pressed for Sale in
This Market

Large blocks of foreign owned
American railway bonds are being Of
tered for sale in this market, it was
learned yesterday. An international
banking house here has asked bids for
securities which are still on the other
side of the water.
The premium Of the dollar over Euro
pean exchanges makes this country an
excellent place for foreigners to sell
things in, including bonds. The ad-
vantage OF getting dollars at the exist
ing rates OF exchange Is, broadly speak
ing, great enough to Offset losses that
investors have sustained through the
decline In recent years Of the market
value Of railway bonds.
Offerings of bonds in blocks Of $780,
QUO were reported yesterday. The pres
ent investment market, which Is con-
spicuously inactive, lacks absorptive
power, and, therefore, bids of bond
houses, 1t was said, were In some In
stances five points below tho market
price.
The conversion Of foreign hald secu-
rites hero into dollars would help
right the exchange situation. Euro
pean exchange has become deprecated
to record breaking extent, because
trade with the United States has been
moving only in one direction. Liquida-
tion Of foreign held American securi-
ties, bankers explained, wouA be equiv
alent in its effect on the foreign ex-
change market to the importation Of
commodities into this Country to Offset
Americas enormous trade balance.
Sterling exchange rallied yesterday,
closing at $41SA for cables, compared
with the low record-$A.12A-es
lished on Wednesday. French and Ital-
ian exchange moved in sympathy with
sterling.
New-York tribune., 1919-08-22
/. S. Industrial
Alcohol to Double
Its Capital Stock
Shareholders To Be Offered
Righa to Subscribe for
New Issue at $40 a Share
to Yield Co. S3, ,4OO,O

An increase in the common stock
capitalization Of the United States In
dustrial Alcohol Company from $12,-
100000 to $4,000, 900 is proposed by
the directors, who, at meeting yester-
day. voted to call special meeting of
stockholders on October to obtain
their authorization of the increase
The new issus of 10000 shares will
be offered to the present common
stock holders on a share for share basis
at $40 share The closing price of
the existing stock yesterday was 1872.
Horatio s Rubens, chairman of the
board of directors, explained that the
purpose of the proposed financing was
TO raise funds for developing new pro-
eesses Of the company and the produc-
uon and marketing of the resulta MT
products As soon as authorized Mr..
kubens said the developments con-
templated would be begun
When asked regarding the future
dividend policy of the company, Mr..
hgoens stated that he saw no reason
why the present amount of dividend
should not be available during the
construction and developing period
1hls, OF course, would mean a dividend
st the rate OF 8 per cent on the total
conmon capital stock as increased
On the present capital the company
paying Sis share, the regular quar-
sriy disbursement of S. having been
ueciared 81 yesterdays meeting, pay
able September Is to stock of record
Ssptember ,
oale Of the new stock at $40 a share
WI bring s0,4oO,000 into the Golfers
Of the company
New-York tribune., 1919-08-22
Exchange Slump Is
Cutting Exports
Chicago Banker Says Curtail-
ment of Foreign Orders
Has Beel Large

CHICAGO, Aug. a1.-- The decrease
in value of foreign money caused a
large curtailment Of exports from
Chicago, according to local bankers,
and this condition Of the foreign ex-
port and money market, 1t was said,
would tend to reduce the price Of COM
modities here.
"A very large curtailment In foreign
exports has been caused by the ad-
vanced value Of the dollar In Great
Britain and France" Arthur Reynolds,
vice president Of tho Continental and
Commercial National Bank, explained
to day. "The value of the pound
sterling is so low that it takes con-
siderable percentage above par for
foreign buyers to purchase COM
modities they formerly bought when
there was not such large difference
in tn. exchange"
Chicago banks lost between 100000
and 100000 yesterday in the drop of
English money, according to published
reports in Chicago newspapers to-day.
This loss, it was said, is the difference
in the value Of drafts at the time they
were deposited by American exporters
and their value when paid by foreign
importers
Mr.. Reynolds stated that any reduc-
tion in exports from the United
States would tend to reduce prices
here.
up until the announcement several
days ago that crops would be con-
sidcraby less than estimated it was
felt that food prices would be ma
terially reduced" said Mr.. Reynolds,
"but now that condition has changed"
New-York tribune., 1919-08-22
Bankers Buy B. r. T.
Receivers Certificates
Sl8,OO0,O00 Two Year Note
Issue To Be Sold Privately

a banking group consisting Of tho
osakers TRUST Company, the Central
onlon Trust Company, the Chase Sc
SanHes Company, Hayden, Stone G.
20 and J. & W Sellgman g. Co has
purchased $4,000 900 Brooklyn Rapid
aransrt 6 per cent two-year receivers S
Iiefuficates- 1t was announced yester-
uay That no syndicate is being formed
asin tnat the notes ara being disposed
u privately.
ane certihcates are dated August
sua are due August I. 1921 The pro-
oos OF net less than S13,000,0oo, nor
~ 1so than s15,oo0.ooo," are to be used
- - complete the subway contracts with
soe city, while the balance is to be
$50 ior powerhouse improvements re-
lines. '''' "
ahe certihcatess 1t was stated, VIII
~ vO secured by a pledge of not less
ooa onan $4,000 900, nor more than SIS
sOu,ooo, Of the joint certificates of the
trecelver Of the New York Municipal
rrallway Corporation and the New York
Snsoli olidatsd Railroad Company, which
=. urn are secured by q first lien ON
- Inc property and income od these
{wo companies. In = HtatemAmt the
ankurs sadds
The Certificates arc also furthea
ssotectsd by the provaxanns Of the
souts decree requiring that com
%sncfng ~ July /, 1919, the beginning
~ ~ the current fiscal year, all surplus
i,ucome OF the receiver Of the Brook
.sh Rapid Transit and Of the receivers
" the New York Consolidated Rail
,s ,Sad Company shall be impounded FOL
sne purpose of paying interest and
pI'ncipa! Of the respective certificates
0xcept y that not to exceed 80 per cent
such surplus income may be ex'
nosd, # rsQutnsd( fo9 tnpEovemsnts
- xhanh Tia aaxta 6neAnA fEda& ba~1
New-York tribune., 1919-08-22
Coca-Cola Deal Near Close
Offering of Stock for Public
Subscription Expected

Arrangements for the purchase of the
Coca-Cola Company by New York in
terests have been practically COM
pleted," according TO an Official an
nouncement yesterday. 1t is under
stood that a new company is TO be
formed and the stock offered to the
public. The Trust Company of Georgia
will act as the sole banker in the
transaction.
The purchase was originally made
for the trust companies associated with
the New York interests, VINO are re-
ported 10 include the Guaranty Trust
Company and the Chase Securities )
Company. It was declared 20 be the
intention o. the new interests 70 dis
tribute greater part cf the stock of
the new company as widely as possible
throughout the country.
A charter for the new Coca-Cola
Company is being applied for, and the
stock will be sold "when, as and II
issued" 1t Is expected that the new
corporation will be organized and
ready to take over the business Of the
present company BY September /. It Ia
understood there VIII be 10 change IL
the active management
New-York tribune., 1919-08-22

So many inquiries-a num-
ber of them involving not a
little research work-have been
received that we are unable to
answer all of them as promptly
as would be desirable, but in
quirers may be assured that
their letters will receive con-
sideration as soon as possible.
Meanwhile, we wish to empha-
size the fact that we cannot
undertake to give advice on
speculation
New-York tribune., 1919-08-22
Calumet and Hecla Mining
COMPANY Resumes Dividends

BOSTON, August 21.-The directors
Of the Calumet & Hecla Mining Com
pany resumed dividend payments to-
tribution Of IS a shart, payable Sept.
20 to stockholders of record August 20.
The disbursement constitutes the first
dividend since December, 1913, when
SIS was paid Dividends were discon-
tinued in the first quarter Of the cur
rent year because Of depression in the
copper industry.
New-York tribune., 1919-08-22
Iiquidating value to protect the broker
against loss. (b). Because in some

liquidating value to protect the broker
against loss. (b). Because in some
cases it pays larger dividends, or has
prospects of paying larger dividends.
(c). AS the name implies, preferred
stock has first call on earnings avail
able for dividends, and those must be
paid before the common stock gets
anything, so that at a time of poor
earnings the preferred stockholder
often gets dividend, when the COM
mon setockholder gets nothing. But
while preferred stock has preference as
to dividends, it is limited as to rate, and
usually does not share in earnings above
a certain fixed percentage. Dividends on
common stock, however, may be limit
ed only by earning power, so that q
prosperous company may pay much
more on the common than on the pre-
ferred. The investor buying preferred
stock thus relinquihes the possibility
of a very large return to obtain great
er safety.
New-York tribune., 1919-08-22
Produce Exchange May Put
Up Outside Quotation Board

Acting upon the petition Of I69 mem
bers of the exchange, the board of
managers of the New York Produce
Exchange is taking a vote Of the entire
membership with regard to the advisa-
bility Of establishing a quotation board
for the posting of stocks, cotton, cof-
fee and sugar quotations on the floor,
for the convenience of the members.
If adopted, these quotations will be for
information purposes only in the same
manner as other figures that are posted
from the various markets No trading
whatever in these various commodities
will be done on the floor Of the ex-
change
New-York tribune., 1919-08-22
Cities Service Earnings

Gross earnings Of the Cities Services
Company for the twelve months ended
July 81 were s2i.3sl, ,lo5, contrasted
with 1881 .sss the preceding year,
while the net earnings available fox
dividends totalled l9,301, ,73o, a de-
crease Of $i,sos 1928. After preferred
dividend payments the surplus sppli,
cable on the common was $lS.S02>.
60S.
July gross was s1,6s3,722, with d
balance for reserves and common
stock dividends of s996,75s compared
with s1,4i0,72l in july year ago.
New-York tribune., 1919-08-22
Questions and Answers

Note. - In this department The
Tribune will throw the light Of such
in1ormation as is at its command on
the investment problems of its readers
1t cannot undertake to give advice on
speculation. Questions OF general in
terest will be answered in this column
on tuesdays and Fridays hereafter.
Sniy initials will be used. Others Will
be answered by mail.
Address all queries. inclosing a
stamped addressed envelope, to
FINANCIAL EDITOR, The Tribunc.
l54 Nassau Street, New York City.
New-York tribune., 1919-08-22
Foreign Demand for Machinery

In no direction Is there what might
be termed rush of business, but ma
chinery distributing centres continue
to experience the steady influx Of or
ders from scattered sources for mis-
cellaneous machines which 60 to make
up > satisfactory aggregate. In New
York the situation IL quiets1, Intending
buyers sbowing tendency TO postpone
taoSAA a. knoIV10eedee~&SpH Aak
New-York tribune., 1919-08-22

Question: Please name three bonds
combining reasonable safety and
large return-better than Ga per cent
and which can be had in $10O de-
nominations. II. NJ. ].
Answer: St. Louis & San Fran
cisco Prior Lien 4s, 1850; N. Y. Cen
trail debenture IS, 1885; Chicago, Mil
waukee & st. Paul convertible AIS,
1882. At prices now prevailing the
average yield Of these three issues
would be close to per cent.
question: Kindly advise me in
your column whether l am entitled to
dividend on Lehigh Valley Railroad
stock, bought on margin June and
sold on June II. l understand the
stock was ex-dividend on June Ia
Also Chesapeake &Ohio stock bought {
on margin May 26 and sold June II, ex-
dividend on June 13.-An Investor.
Answer. You are entitled to both
dividends and they should be credited
to your account.
Question. (A) bought 25 shares
Of stock selling at $50 a share on
margin, I did not advance the broker
any cash, but offered as coialteral 10
shares Of preferred stock solling az
12o per share, the amount Of collateral
I advanced lacking but $50 Of the
purchase price Of the 25 shares. Hero
tofore whom buying on margin I have
usually. advanced tho broker 20 per
cont Of tho purchase price, he fur
nishine the remaining amount and
charging mo interest for same. In ths
case - mentioned advisa mo on what
amount tho broker can charge mo In
terest, (b). Why does common stock
sometimes sell higher than preferred
stock? (c). Why Is tho rate Of diw-
dend on common stock sometimes
higher than preferred "A. Fl II.
Answer: {A). In cases where Sc
curities are put up as margin it is
customary for brokers to borrow the
full amount of the value of the stoci
purchased, hence the interest charged
Is on that spm. The broker In you,
eollsts!a| 4 ths qtoek falls below ,
New-York tribune., 1919-08-22
FINANCIAL MEETING
NOTICE. TO STOCKHOLDERS

New York. August 2lst. 1919.
Special mosttng ot stockholders of Bach
Fur Company of New York. Inc, win be-
held al the Office Of the Company, No.
1880 West 27th street, Manhattan Bor~
cugh, New York CITY, on the 3lst day Of
August l9ls. az Z. M for the purpose
OF voting upon proposition TO Increase
its capital stoek from one thousand dollars
consisting OF Ten shares OF the par value Of
one hundred dollars each 10 fifty thou
sand dollars 20 consist Of Ave hundred
shares OF tho par value OF ono hundred
dollars each EMANUEL BACH,
President
- =. NACHNAN,
Maxwell LJsTTG Counsei
New-York tribune., 1919-08-22
Investors Almanac

BULL-One Who believes that condi-
1aons dre ripe for an Advance IN prices,
or one who desires such an advance,
and talks "bullish" accordingly-Mone
and Investments.
New-York tribune., 1919-08-22
Exit the .Jitnev BUS

Jitneys, which have hourished in
Portland, Saco and Old Orchard, Me-,
for several years, according to "The
Electric Railway Journal" have been
ruled off the streets as nuisances-
New-York tribune., 1919-08-22
New Standard Oil Director

S. B. Hunt and George r. Jores. diA
rcctors, have been elected vies-prcsis
dent and treasurer respectively Of the
Standard OH Company of New Jersey.
Thc beard ~ now constituted consisA
80 -aAuVo0 msmha1A
New-York tribune., 1919-08-22
PARK>UNloN
FOREIGN BANKING CORPORATION
56 Wall Street

w W. s:.esA e. peS r,.ss'.s! :i;ss' s~s =
Seattle, Yokohama and
Shanghai, and direct con-
nections in the Dutch East
Indies and Central and
South America we are in '
position to extend to ex-
porters and importers excep-
tional facilities for the trans
action and extension Of their
foreign business.
Shipments financed. accept
anccs given. letters of credit
and bills of exchange issued.
Or odwss nil Be glad 10
confer NTH any one in
tercstcd in foreign tadc-
OFFICERS
Charles a. Holder, President
7. Fred Aspden, Vice-President
E. B. Mackenzie, Sec. & Treas.
FuHy Paid
Capital and Surplus. S2,2s0,O0O
New-York tribune., 1919-08-22
The Days Bond Market
Fououing Is a complete record Of
all transactions in bonds on the Nes0
York Stocb Erchan0e yesterday:
u. S. Government Bonds
Liberty Issues
TransnctionH

Tho following table gives the trans
actions yesterday and the approximate
Investment yield in the several Liberty
loan issues at closing New York
Stock Exchange prices:
New-York tribune., 1919-08-22
Bid and Asked

The following table gives the closing
bid and asked quotations for stocks
listed on the New York Stock Exchange
hut not traded in VeStArdaY:
New-York tribune., 1919-08-22
Shipping Committee Reports

The committee appointed by the
board Of managers Of the New York
Coffee and Sugar Exchange to invssti-
gata charges, delays in shipping and
warehouse conditions to-day submitted
was not made public.
New-York tribune., 1919-08-22
Curb Market

Note.-The Tribune assumes no responsi-
bil'ty for the accuracy or authenticity OF
curb market quotations. Transactions and
prices yesterday were reported follows:
New-York tribune., 1919-08-22

Question: Are the following stocks
active dividend payers: American
Sumatra, Marlin Rockwell, N. Y. Air
Brake and U. S. Industrial Alcohol :?
A w
New-York tribune., 1919-08-22

Answer, American Sumatra Is pay
ing dividends at the annual rate of
$40 share, N. Y. Air Brake at the
rate Of $40 and U. S. Industrial Alco-
hol at the rate of SIG. Marlin Rock
we'll paid at the rate of 81 month
up to June II, but the July dividend
was passed.
New-York tribune., 1919-08-22

Answer: Why not buy Instead the
company's 5 per cent bonds of 19477
The stock yields about $40 per cent
at the prevailing price, whereas the
bonds yield close to per cent.
New-York tribune., 1919-08-22
Bonds

Consolidated Exchange
Unit Of trade on this exchange, 10 sharssl
Transactions and prices yesterday for the
more active shares follows
New-York tribune., 1919-08-22

Question: Would you advise me to
buy American Smelling & Refining
stock Is an stment j. B. II.
New-York tribune., 1919-08-22
MERGENrHALER LINOTYPE co.

New Y OH, August Is, 1914
DIVIDEND Sa
regular quarterly. dividend OF 21ass On
the capital stock ol Mergenthaler Linotype
Company will be paid on Sept. 80 1919, to the
stockholders Of record as they appear at the
close Of bus,Tess on Sept. 8. 1913. The Trans
fer Books VIII not be closed
JOS. r. MACKEY, Treasurer.