davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-10-09
Bumper Crops in
u. S. Force Steady
Drop i'm Prices
Withholding of Products
From Markets Cannot
Overcome Natural Supply,
Says Commerce Chamber

From The Trfbuncs Washington Bureau
WASHINGTON, Oct. 8. - Bumper
crops are largely responsible for the
general decline in prices, according to
the monthly report of general business
conditions issued to-day by the Coin
mittee on Statistics and Standards of
the Chamber of Commerce of the
United States.
Pointing out that natural laws are no
respecter of persons, the report asserts
that neither price understandings nor
Withholding OF products from the mar
kets ever succeed for more than COM
paratvely short time in maintaining
the price of any commodity.
"Those who predicted continued high
prices because of the great volume of
money have mostly taken to the woods" "
the report says. "The amount of cur
rcncy in circulation to-day is greater
than ever before, and yet prices are on
the downward movement.
"Declines' in food prices are naturally
following the abundant harvest. Corn
is selling at about half the high prices
of twelvemonth ago Nor has much
mand for breadstuffs to be expected
from Europe sufticed to maintain the
price of wheat. Another reason is that
our neighbor Canada has a great crop
The three prairie provinces alone will
produce about $4,000 900 bushels of
wheat. They can consume only small
portion of it and their storage facilities
are inadequate. There is nothing left
for them but the export trade.
"The general buying attitude is con-
servative, but does not stint its needs
The day is past when if you had goods
some one came and took them away
from you and paid the price you asked
without kick or comment. Still the
volume Of business in general runs III
large measures. For all of which the
: great harvest is mostly responsible.
"Unemployment grows slowly. 1t is
most noticeable in industrial life anC
in localities connected with textiles
leather goods and automobiles. Coinci-
dentally the strike fever is waning, anC
efficiency is increasing. For there is 6
fast growing public demand for service
demand born largely of what we have
endured on every hand for the last five
years. We are fast coming to the
period when the standards will be those
of common sense and work honestly
done. We shall, in all likelihood, not
experience any shortage of labor dur
ing the coming months.
THE corn crop is made. The mere
story OF its unprecedented volume
brought about the present low prices
especially of the December option"
New-York tribune., 1920-10-09
Interest on 4th Liberty.
Loan AIS Due FRIDAY
More Than Million Holders in
This District Will
Reueft

More than million holders of the
Az per cent Fourth Liberty Loan bonds
in the Federal Reserve District Of New
York will be entitled to collect their
semi-annual interest, due on Friday,
October 49,
The Federal Reserve Bank of New
York, as fiscal agent of the United
States, announced yesterday it is now
prepared to receive from the banks in
advance Of the maturity date the cou-
pons, which will then be payable. Checks
in payment will be ready for delivery at
banks, if they so desire, may have the
proceeds credited to their reserve ac-
counts on the maturity date.
A statement issued by the local Re-
serve Bank yesterday said: "With the
cashing of this interest the last coupons
on the temporary Fourth Liberty Loan
AIS will have been paid. Therefore. as
soon as it is announced that the perma-
nent bonds of this issue will be ready
the temporary bonds should be ex.
changed for them because the perma-
nent bonds will have all future interest
coupons to maturity attached. The per.
manent bonds Of the First Liberty Loan
second converted AIS are not vet quite
ready to be delivered in exchange for
the temporary bonds of that issue, but
Federal Reserve Bank officials here
strongly urge holders of all other is
sues of temporary bonds to exchange
them at once and secure the permanent
bonds to which they are entitled. Unit
the holders do SO they will be unable te
collect the interest after the due date
of the last coupon on their presen
bonds.
almost any bank Will cash the
Fourth AZ per cent interest coupons
due on Friday next, and will also max,
the exchange for holders of these tenn
porary Libertys which are now ex
changeable for the permanent bonds.n
New-York tribune., 1920-10-09
/ rice Movement
On Curb Irregular;
Bonds Are Active
Unsettlenlent on Exchange
Brings Heavy Selling in
the Outside Market; Oils
Continue Under Pressure

A high degree of irregularity pre-
vailed in the outside market yesterday,
so far as price movements were CON
cerned, rejecting numerous conflicting
influences. With stocks somewhat un-
settled at the exchange, it was not sur
prising that the curb market should be
in more or less of a turmoil. AS gen
eral rule, the drift of prices was tow
ard lower levels, but losses were not
large and appeared to be due more to
professional selling pressure than to
any important liquidation.
In the oil department Simms Petro
leum continued under pressure, and at
97s duplicated its low of the previous
day. Dealings in this stock amounted
to 1900 shares, making it the most ac
tive OF the better known oils.
Heavy trading in bonds was one Of
the outstanding features of the market
on the curb. Most Of the new issues
eascd off after an early display of
strength. Dealings in the new Grand
Trunk Is totaled par value Of
5000 600
New-York tribune., 1920-10-09
Standard Parts Company
Refnancing Plan

The reorganization committee of the
Standard Parts Company, of Cleveland,
announced yesterday a refnancing plan
which provides for the creation of &c.
500,o 600 class A 6 per cent preferred
stock, of which $4,500,000 is to be Of
fered to present preferred holders in an
amount equal to 25 per cent of their
holdings, and to common stockholders
in an amount equal to 20 per cent of
their holdings. The plan also provides
for the issuance of $3,000,0OO dcben-
ture per cent stock, to be under
written.
1t was stated that Cleveland banks
will extend to the company S4,0O0,00O
of credit in the event the plan is ap-
proved by the security holders. Credi-
tors have agreed to extend their claims
for one year. Preferred stockholders
who subscribe to the plan have the
right of converting their present hold
ings share for share into Class A pre-
ferred up to so per cent of subscription
and common stockholders up to 20 per
cent of their subscriptions.
New-York tribune., 1920-10-09
Record Corn Crop
Estimate Increased
by --latest Forecast
Government Experts Predict
Yield of 3,2l6,OOO,OO0
Bushels; Outlook for
Wheat NotSo ENCOURAGING

WASHINGTON, Oct. ga corn cror
OF a'l6'oooooo bushels, or 9l,254 900
ousheis greater than the record crop Of
islz' was forecast to-day by the De-
partment Of Agriculture from condi-
ton of S9.1 on October /.
1here was further falling off, how
ever, IN the total wheat crop forecast.
production being placed at 75064S,O00
ousheis, as compared with forecast of
''o,ooo'ooo bushels q month ago The
spring wheat crop was forecast at 21S.-
oo7,0O bushels, as compared with 237'-
Uoo,ooo last month. The condition Of
the spring wheat and all wheat crops
was not given in the departments an
nouncement.
Ihe tobacco crop also showed a fall
ing on, total production being estimat-
ed at 1,47S,788,0 pounds. as against a
forecast Of 1858, 100000 pounds a
month ago. The crop still remains the
largest IN history despite this reduction
or 1000 pounds in the forecast
during the last thirty days.
troducton of oats was placed at l.
44,362, 900 bushels, an increase of g.
$4,000 bushels during the month. White
potato production was forecast at 414,-
$4,000 bushels, an increase of $685.
QUO bushels since September /.
forecasts of production of tho
conntry's principal crops, estimated
from their condition October /, or at
time of harvest, were announced by
the Department of Agriculture as fol-
lows:
Spring wheat 21s, ,oo7 900 bushels; all
wheat, 75O,64s,000 bushels; corn, s.
2l6,l92,O00 buahels; condition, S9l
Oats, ,444, 1862 900 bushels.
Barley, 191,3S6,000 bushels.
Buckwheat, 1852 900 bushels; con-
dition, 85.6.
White potatoes, 14,9se,ooo bushels;
condition, 82.7.
Sweet potatoes, 1os, ,77a,ooo bushels;
condition, 87.1.
Tobacco. 11,47s, ,7ss, 900 pounds; con-
dition, 933.
Flax, 11,7o4ooo bushels, condition,
Rice, 52,298,ooo bushels; condition,
SS.1.
Sugar beets, s,97o,ooo tons; condi
ton, 934.
Appl2s, 34,2S7 900 barrels.
Peaches. a, ,523 900 bushels.
kafirs, 13s, ,503 900 bushels.
Peanuts, 39,217O0O bushels.
Beans, (six states), 1854, 900 bushels.
Condition on October and produc-
ton forecast Gin thousands of bushels
!. e., 600 omitted) of important crops
by principal producing states, fol-
low:
Oats-Oho, condition, 80, forecast,
63,714; Indiana, 95 and 76,342; Illinois,
New-York tribune., 1920-10-09

ANrgrN J. MCCORMACK. Auctioneer.
II ;UI.AR AUCTION SALE
STOCKS AND BONDS
~ aIAN H. MULLER & son,
Z .7l6 Z. 50 WILLIAM STREET.
NGb> EsDAY. oCTR. 18TH. 1920.
-FA>,GE sALESROOM,
AND Is VESEN STREET
s<- Account Of Executors:
81 10 ec b - Gas. Light & Coke Co. or
or eso LIST Const. Mtge. &c Bds.,
1s5os Excelsior Zinc & Land Co.
sc 81 Consolidated Anthracite Coal
= 81. Eastern Lead Co.
as s. lalrymen's League, Inc.
sAsN Nonaton Mining Co.
sV0s Excelsior Zinc & Lead Co.
For A nj OF Whom II May Concern:
zoos Acme Photograph Motors.
800 Guyana Superior Mining Co.
&C. Federal Development Co.
q. Federal Development Co. Com
.Do' son Gas & Electric Co. list Mtge.
l3ds. due Jan'y. 1887.
q New York Bake-R Rite Corpn.
Il Seneca Button Co Prefd.
t3lo Jersey Company LIST Mtge. &c
s A Bonds, 1886.
$500 Jersey Company lst Mtge &C.
* b Bonds. 1885. & $50 Scrip.
Allen Sales Service, Inc. Com
100 Alien Sales Service Inc. Prefd.
$4,000 n Dye & Chemical Corpn. &c,
Mtse. BIDS, 1923. Deer 1915
G ous.
100 s. Pathe Freres Phonograph Co.
s. 'un. Prefd.
1Ol62s5 S shs. permutit Co. Common.
50 90 . shs. Permutit Co. Royalty
SOC Akron Overland Tire Co., Inc.
mon.
100 sn' Pa;he Freres Phonograph Co.
'refd
l'oQo SD Cobalt Silver Queen, Limited.
zso shs Siaugas Co. Of America.
90 shs' Ocean Fisheries Prefd.
New-York tribune., 1920-10-09
Railroads Fear Effect
Of New Treasury Ruling
Called Example of Lack of CO.
operation in Business
Matters

The ruling of the Comptroller of the
Treasury Department at Washington,
which will hold up indefinitely the
payment to the carriers of nearly S400,
100000 due them in the form of the
government guarantee for the six
months ended August 81, was viewed
in local railroad circles yesterday as
another example of the lack of coopera-
tion between the different departments
at the capital when matters of business
necessity arise
Although technical Interpretation
OF the transportation Act has per
mitted the treasury officials to pursue
the course they have adopted, 1t was
pointed out that the country's trans
portation machinery may be greatly
handicapped in the coming months be-
cause of the inability of the different
roads 10 obtain funds due them until
they have prepared a final analysis OF
their deficit for the guarantee period.
ut will be the policy of the carrier
companies" said q close student OF
railroad affairs, "to pay so far as posi-
Die the back wages due their employees
under the award Of the Labor Board.
This will have to be done from current
working capital. In a0dltlon IL Will DC
up to the carrier companies to take
extraordinary measures to meet the
situation that has now arisen through
the action OF the Comptroller of the
Treasury"
The tranrsportatin act provided for
making advances to the roads during
the six months guarantee period of
sufficient funds to enable them to meet
operating expenses, where such ad-
vanccs were necessary. Under this pro
vision little over $500, 100000 was ad-
vanced. Under the law, however, the
Comptroller holds that advances could
only be made during the six months
period and all payments after August
Sl can only be made on final certitica-
non of accounts.
New-York tribune., 1920-10-09

"a "a and 150,6o2; Michigan % and b5,s71;
omsiscons,n. os DC and 1o5,ess; Minnesota
S1 NJ. and izo,75O; Iowa, 90 ind 214,5O0;
on omissouri, 9S and 43,218; North Dakota
90 60 oan ana os,o28; South Dakota, 81 ane
os,soO; Nebraska, 95 and 74,655; Kan
sas, SO and b6,92S.
a. spring wheat-Minnesota, e8 and 81,
90l; North Dakota, 50 and 65.ee2;
South Dakota, &C and 26,6O4; Montana
% and 1880; Washington, 81 and 90,
~ Corn-0hio, 90 and 1856, ,121; Indiana
s3 and 192,406; Illinois. rs and 301. .055;
Minnesota, 90 and 1851; Iowa, 81
and 426,S70; Missouri, 81 and 21b944;
south Dakota, so and 1Os,192: Nebras,
ka, 81 and 250,619; Kansas, 90 and 1859,
20; Kentucky, 90 and lO4,005; Texas
New-York tribune., 1920-10-09

Question-Wnl you be kind enough to
advise me concerning future possibilities
of Iowa Central per cent bonds whdch
are now selling at $442 That is. to what
extent they are secured and the possibility
of their going hIgher2-L. c. L.
Answer-Iowa Central first and re-
funding per cent bonds, due 1851, are
secured by first lien on 1890 miles,
including a bridge over the Mississippi
at Keithsburg, H., and a second lien on
502 miles subject to the first per
cents, 1888 The issue is S7,l56.0 900, and
the mortgage IS closed. The road has
not. been a good Garner, even before
the war. However, with the outlook
much more favorable, we regard this
1913.
New-York tribune., 1920-10-09
Investment
Information

Questions Of general interest to in
restors 'oill be answered in this col
untn, m achich case only initials toil
oe used. Others 4ciu be anst0ered by
'no'l. Address all inquiries, imclos-
'ng a stamped, addressed envelope. to
F1nancsol Editor, The Tribune, l54
Nassau Street, Neao York City.
New-York tribune., 1920-10-09
Bonds for a Business Man

Question-Wiil you kindly give your
9p,nion' with reasons concerning the fol-
mar? Chicago & Alton 30 1949, Chicago
& Alton 3 AS 1850, Denver & Rio Grand
FIRST refunding SIS 1856. Des Moines & Fort
first collateral bs due 1884, Toledo g. Ohio
central general mortgage 6s due 1856
w. L. H.
Answer-Probably the best secured
bond on your list is the Chicago G.
Alton per cent 1949. Even this issue
is large, $780, 900. 1t is secured by
first lien on sos miles and 295 miles of
leaseholds, together with stocks of
par value of $6,81500 The road has
not been a good Garner for some time
Yet we regard this bond as a fairly
good one. The 31a per cent issue is a
first lien on eighty-five miles and a
second on that covered by the 3 per
cent. The Des Moines & Fort Dodge 4
per cent are guaranteed by the Mime
apolis & St. Louis Railroad. They are
secured by first lien on 1873 miles and
underlie the Minneapolis & st. Louis 4
per cent and refunding and extension
per cent. The Minneapolis & ST. Louis
first consolidated per cent 1884 are q
first lien on 1872 miles, second on 1874
and third on nine miles They also
underlie the same bonds as the Des
Moines & Fort Dodge underlie. These
two issues are fair investments. The
others are some distance from the
rails, and are therefore more specula-
tive. However, with the railroad out
look better, we regard most railroad
bonds as offering very good opportuni-
ties for speculative investment.
New-York tribune., 1920-10-09
New Corporation Formed
To Sell Stocks and Bond,

The Durant Corporation, incorporated
SSeptember !, under the laws of New
York State. and capitalized at 10000,
mas been organized for the distribution
on the partial payment plan of high
grade bonds and stocks.
W. C. Durant. president of the Cen
eral Motors Corporation, has been
elected president; P. d. Wagner, vice
president, and II. w. Alger, secretary
and treasurer.
New-York tribune., 1920-10-09
Far East Trade Grows

WASHINGTON, Oct. g. Commercs
with the Far East thus far this year
has amounted to approximately % PEI
cent of the foreign trade Of the United
States, compared with IT per cent lass
year, according to a summary issued
to-day by the Bureau OF Foreign and
Domestic Commerce.
New-York tribune., 1920-10-09
Bush Terminal Issues Good

Question: would very much appreciate
your opinion of Bush Terminal 5s selling
at about 691a. The yield appears almost
TOO high for safety. Why do not the
Bush Terminal Building 5s sell higher?
w. Il. r.
Answer-The Bush Terminal consoi-
dated per cent bonds are a second
lien on the property covered by the
first per cent bonds, whereas the
Bush Terminal Buildings Company
bonds are a first lien on number Of
loft buildings and terminal property in
Brooklyn and New York, and the bond
is guaranteed, both principal and in
terest, by the Bush Terminal Company.
The latter, then, is the better bond, yet
we regard the former as safe invest
New-York tribune., 1920-10-09

answer our TdlIlctu oliaieS ~''u
the steel stock are speculative. The
former are less so than tho latter.
However, there is still some uncer-
tanty about the operation of the rail
roads. If you would place yourself IN
a good investment position it is best
to purchase only those issues which
are so we'll secured that they arc not
sensitive to earnings and other de-
velopments. We do not regard Pierce
Oil preferred as high grade invest
ment. The earnings are ample, TO be
sure, to care for preferred dividends,
yet the business Of the company is
somewhat hazardous. Ths yield at
present prices is close to 10 per cent,
rather a high return for an invest
ment issue. We prefer such seasoned
issues as United States Steel preferred
American Tobacco preferred, United
States Rubber preferred and Virginia.
Carolina Chemical preferred.
New-York tribune., 1920-10-09

Security His Prime Consideration

Ouestion-I own twenty shares Northern
Pacinc common. quoted so. twenty shares
Great Northern preferred, 795 twenty
shares Midvale steel common 40 Would
Won advise A switch from the above 10
Pierce OH preferred at 50? The yield
would be some greater, but 1t is the Sc
curitv am most Interested in. If you do
not approve, a suggestion would be ap-
New-York tribune., 1920-10-09

Vnice boys the better kind secured
,nrough The Tribunes Help wanted
columns. Phone Beekman sooo.--Advt.
New-York tribune., 1920-10-09
His Holdings Are Safe

Question-Kindly give mo your opinion
fthe following bonds for safe invest
ments and what paper to look through or
ern Ohio Traction and Light 7 per cent
bond, duo 1926; Virginian Railway first 5
per cent bond. due 1867; Trinity Building
Corporation 5h per cent bond. due 1888;
United States Rubber Company IN per
cent bond. due 1880; Canadian Pacific 6
per cent registered bond, due 1924. French
government per cent bond, due 1945.
r II,
New-York tribune., 1920-10-09
Doesn't Want to Gamble

Ouestjon-I have been advised TO pur-
chase Southern Railway. st. Louis division
first Is, 1851, and Southern Railway Mobile
g. Ohio As 1898. the former at about o.
and latter at 5S VIII appreciate your
opinion as to safety Of principal and divi-
dend The yield appears attractive, but |
do not recall your advising them IN your
inquiry Department. / want an lnNese-
lnent, not a gamble.--J. L. H
Answer-Both the bonds you men
ton are very fair investments. The
price denotes that they are not of the
best grade. But with the future Of
the railroads far brighter we do not
think you will go wrong in purchasing
either.
New-York tribune., 1920-10-09
Answer-All the bonds you mention

zKHs"1T=--f5IT C1re JULIUS you EIcTVlO1I
are entitled to good ratings, in our
opinion. We think you would make no
mistake in purchasing any of them
The Virginian Railway, United States
Rubber and French government bonds
are listed on the New York Stock Ex-
change. The Canadian per cent bonds
are quoted in The Tribune, among the
short-term notes. The others Will
have to be quoted through reliable
brokers'
New-York tribune., 1920-10-09
Answer-Tbe BROOKLYN Trust Com

ENsWtI- Nt DT0VNlyT ITU5r CUIiI-
pany is strong institution, judging
from its report. The capital is $780,
600, the surplus $2,596 900, and the book
value has increased from 500 on June
80. 1918, TO $273 on June so, 1920 The
bid price is about s4e5 a share. We see
no cause for apprehension.
New-York tribune., 1920-10-09
E.ANK STATEMENT
REPORT OF THE CONDITION
OF
CUARINI & Candida

Private Bankers, at the close of business on
the SCleI day OF September, 1920
RESOURCES
.n~k srd hrrH trva
New-York tribune., 1920-10-09
Wa bash lst So
West PacIfc hs

y, VTV II ?
Wilson Co lst SIS
1000 81
New Britain herald., 1920-02-09
FREAK PITCHING TO BE. ABOLISHED
This Is Finally Agreed on at
 Meeting Of Rules Committee

Chicago. Feb. 9.-.\t an informal meeting yesterday of the joint rules committee of the American and Ma tional leagues. attended by Presidents Ban Johnson and John tleNdler and q Der Of club owners and managerS. il was virtually agreed that the spit Lall and other freak pitching deliver ieS should be leGislatcd out of the major league baseball.
 President tieydler of the National league expressed the opinion that q years time should be granted the pitchers before forbidding the spit ball. Baseball men from all parts of the country arrived in Chicago yester- day and last night. The rules com mlttee Of the major leagues met to- day and tomorrow the National and the Am erican leagaes will hold formal schedule m meetings. Wednesday a joint session will be held. when it is prob able a national commission head will be selected
New Britain herald., 1920-02-09

and William Stamm. Hartford: Joe Thomas, Torrinston.
 Fcathcrweisht class-Les Lockcry. New Haven; S. A. Bolgcr and Bobby Kelley, Waterbury: Al Webb, Win stcd. Lockery won the state feather weight char pionship in tourney held in Bridgeport last year. It is cX- pected that he will he confronted with stffcr opposition in the local tourney.
 Honest. John' Willis will be the referee, and he will work with the Judges in making the winner dcci- sionI. The management plans to start the exhibitions promptly at o'clock, ana with the large entry list, it will be necessary 10 keep things on the hustle. As fast q bout is complet- cd. another will he ready 10 start.
 It is expected that Turner hall will be filled tonight and throughout the tourney. There will be plenty of good boxing and fun. The Berlin Bear cat is all primed for the tourney. and can see nothing but success in the l22-pound class.
New Britain herald., 1920-02-09
MATHIESEN TAKES
 TITLE FROM MILAN
American Is Beaten Twice in
 Sunday Racing at Christiana
ByBriiggs

Christiania. Feb, 9.--Oscar Aathie- sen, of Christiania, has won the worlds ice skating championship from Robert Mclean, of Chicago. The final races of the series were heid yesterday and Mathicscn captured both of thenl-tho 1,500 meters and the 10000 meters.
 On Saturday the American took tila 5.0O0-mctcr event, while Mathicscn defeated him in the 500-mcter sprint. The contests were held in cloudy weather, but the ice vas in good con- dition. There Was enough wind, however, to prevent new world records for the distance. The royal family and the American minister an his wife were in the royal box.
 In the l,5O0-meter event Mclean started out like a W hirlwind, making the first 300 meters in 10 5-l0 sec onds. This surpass sseu Mathicsen's world record of Saturday which was 43 3-10 seconds. But the American apparently overstr;lincd himself il this burst of speed and Mathicscn succeeded in passing him. winning b. a fra ction of second in the last con test of the series-the 10000 meters.
 Mclean said he Was hapdicappct. in this event hy the air being too light. which intcrfered with his ,rcat hing.
New Britain herald., 1920-02-09
FIGHT PRODUCES FIGHT.

Madrid, Feb. 9.-An attempt tc stage q pugilistic bout here Saturday night between Frank Crozier, who was defeated by Jack Johnson in 1916, and a fighter named Namaeff. ended in a dismal failure. The crowd. which fill. ed the hall. treated the fighters much as they would have treated bull fight CTS and became so excited that in- stead of one fight. three dozen fights were proceeding in the hall at the same time. The scheduled fight had 10 ne called off. The referee gave the decision to Crozier.