davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-21
I. R. T. MAY PAY JAN. CHARGES
Omcials Announce Negotiations to
Meet Year End Maturfties.

Frank Hedley, president and general
manager of the marlborough Rapid
Transit Company. issued last night a
statement in which he informed it's Sc
curity holders that negotiations to meet
its January l interest and dividend obli-
cations were under way.
Mr. Hedley's statement follows: ut
IL impossible at this time for the Inter-
borough Rapid Transit Company to make
any definite statement as to the payment
OF the Manhattan Railway rental on
crossing for the renewal OF the Inter
borough Rapid Transit Company's six
months notes. These were issued a
year ago to aid in meeting the Manhat-
tan rental. bond interest and other obli-
cations. They were renewed last July
and become due December 81, 1920.
with the renewal of these notes and the
further forbearance of the holders of the
floating debt. OF which we are hopeful.
and fairly normal traffic conditions for
| the remainder OF December II is expect
ed that IL will become possible to pay
the Manhattan rental on January 1 or
shortly thereafter"
II will take s5.o72.325 to meet the
corporations January / obliga lions. OF
which s4.022.325 represents interest on
SIG. $4,000 Of first and refunding bonds.
The balance. S1.050.000, represents pay
nent on Manhattan Railway Company
capital stock. Difficulty In meeting its
payments In July was encountered BY
| fficiais OF the corporation. and at that
, time Mr.. Hedley said that they were
"scrapng tho box and that unless an
increased fare was granted even greater
! difficulty would be encountered In ar
ranging the January ] payment
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-21
PACIFIC GAS co. SELLS
$4,000. 600 BOND ISSUE

The Pacific Gas and Electric Com
pany has sold $40, 000. 900 OF twenty year
per cent series first and refunding
mortgage gold bonds to the National
City Company and that company, having
granted participation for purposes of
distribution TO r. II. Rollins & Sons. Of
fers the issue to-day at 90 and accrt ed
interest. yield Ing about 7.10 per cent.
The offering. which is exempt from per-
sonal property taxes in California Is
redoemable at the company's option on
any int oct payment datc n -'v
pro- notice at 10 and accrued interest
on or before d ccrnber /. 1890 and at
los and accrued f. tcrest tho eater. Ap-
plioatlon to certify hose bond as legal
investment for savings banks In Cali
fo~nia has been made to the superin-
tendent o. banks
Tho purpose OF Eve finar cling is to rro-
vide funds TO push the d1velopment OF
In com any's hyCr electric conrany In
whicN initial developm nts agpregating
12s.5oo horsepower ar n progress
FIR m January /, 1906, to December
81, 1919, more than s79,474,0 900 was ex-
pended for capital
Of which the company's funded debt
increased but S51 GIL .0o0. Within the
lat xix and ore-half years more than
$685. 900 900 of the om~any's preferred
etc has boon sold and IN gely among
It's own customers for cash and the pro-
ceeds invested In It's business.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-21
LIBERTYS SENT DOWN
BY HEAVY PRESSURE
Selling for Tax Losses Is De-
pressing Factor.

Two factors, bond dealers declare.
were back of yesterdays heavy pressn- @
against the Liberty bond st, which de-
pressed some Of the Government issues
more than 81 hundred One of them
was the selling of bonds. by large hold
ers. to establish losses for income taA
returns. The other was the report from
Washington that the Senate had passed
resolution reviving the War Finance
Corporation. concurring in House res-
olut on, which now goes to the President
for consideration. In some cases in
which that -eport was the motive back
of the selling. 1t was pointed out by
bankers and bond dealers that the re-
vival of the War Finance CORPORATION
undoubtedly would entail new financing
by the Government. Pressure appeared
to be heaviest against the fourth ~.
per cent issue, maturing In 1888 to
1898. which dropped from its close on
last Saturday OF ss5.12 to sS3.70. de-
cline of SLAP per 800. That issue has
been selected by a great many rich men
as an investment and most of the ex-
IRENE pressure against it could be traced
to tax selling.
Banks yesterday had selling orders
all Libertys, and although there was
some scattered investment buying here
and there. 1t was not sufficient TO stem
the tide of liquidation. One of the big
banks llquidated IA round $1,000. 900
worth OF the AVS for one OF its wealthy
customers. who desired to establish a
tax loss. In that case the bank has an
order to rebuy the bonds after the turn
of the year.
Liberty and Victory prices at the close
yesterday in comparison with Their close
on Saturday follow:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-21
URGES PATIENCE
IN GOODYEAR CASE
Company's Counsel Says Con-
structiOp Plans Started
When Suit Begun.

CLEVELAND. Dec 20--Plans for $780,
900 900 financing and the selection or
new board of directors for the Good
year Tire and Rubber Company virtually
had been completed when the sun lot
receivership for II was instituted accord
ng to a statement issued yesterday py
f. III. CHM, counsel for the company
Mr.. CHM said that he had spent con-
siderable time in New York in confer
ence with "those who stand ready 10
assist in doing this constructive work.
and that the Interests with whom the
company has contracts for future de-
liyeries OF rubber ana fabric have shown
every disposition TO be constructive anu
make concessions to the company netes-
sary to any we'll matured plan for the
rehabilitation of it's credit"
1T was primary part OF the fnanc-
ing plan already practically arransed,
Mr.. CHM continued, that board of d.
rectors of the company should be In
stalled consisting largely of men resident
In Ohio. whose established character
and positions in the industrial and fnan-
cial world would be such that all par
ties in interest, common and preferred
stockholders as we'll as creditors, would
be absolutely assured that the company
affairs would be wisely managed and
that responsibilities for any mlsmanage-
ment VIII CHI may have occurred In the
past would be conscientiously asce-tained
and any consequential liabilities 20 the
company would be impartially and
promptly enforced.
"The interests of the Goodyear com
pany have grown so enormously and be
come so large that adequate study o.
the facts and preparation Of the finan
cling plans required some time. Further
more. any plan for permanent financint
of the present and future needs of tn'
company should be accompanied by th'
installation of a board of directors which
will have the confidence OF the commu
nifty. Such a plan must be thorough!
understood and approved by the stock
holders. A stockholders meeting hai
been called for December "a. when IL Il
hoped that definite adequate permanent
financing and management plans for thu
company can be presented In detail fo'
the consideration of the stockholders
unless in the meantime destructive
policy Is precipitated. IF such de
structive policy is precipitated II will. o
course. be impossible to go forward will
any constructive plans"
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-21
CLERICAL WORKERS
FACING BUSY YEAR
Steady Increase in Demand for
Experienced Men Seen
by j. Z. Gray.
FEW WAGE REDUCTIONS
Readiustment to Care for Re-
turned Service Men Prac-
tically Ended.
FEW WAGE REDUCTIONS

Although the number of applicants for
Cdr alive ard clerical positions in
var'ii ines of business activity has
incre8sed recently ard the number OF
nvaila abe openings has dropped off, j. u.
Gray, assistant to the MANAGER OF the
National Employment Exchange, at 30
Church street, sad yesterday that be-
ginning with January he expected con-
ditons would steadily improve. So far
as the employment situation for trained
men Is concerned. Mr.. Gray thinks the
future may be viewed with optimism.
The exchange is in the business OF fur
nishing employers with executives, tech
nical men and the better paid grades of
workers.
eve feel confident that the new year
will bring forth good things said MI.
Gray when the war came men were
called from every line of business to
enter the military service. Employers
had to All their places In hurry and
were forced to take whatever they could
get They could not pick and choose, as
In normal times. The end Of the war
saw many inefficient men in responsible
positions.
"Of course, after rehabilitation en-
blowers wanted to take back as many OF
their former workers as possible. There
has been a great deal OF reimbursement
going on for the last two years as re-
CARDS personnel and the process is now
practically completed.
1T Is a fact that people are not call
ing largely for now employees at present.
Manufacturers are facing falling mar
ket, retailers are unable to move their
goods and this causes a general slump.
Manufacturing plants are laying off
workers. Although we do not furnish
Industrial help we find that the situation
as regards administrative workers is af-
fected quite naturally.
I'VE have not noticed any marked
tendency to reduce wages in the admin
'etrative. technical and clerical fields.
The requirements Of employers are
higher. however. and they demand more
ability and experience for the same
money than was the case two years ago.
There Is a tendency to cut down the
number of workers rather than reduce
salaries.
1--WE have had noticeable increase in
the number Of applicants for positions.
This Is always the case to certain ex-
tent at the holiday season. and there Is
always a falling off in the number of
openings at this time. We look for more
business In January than in December
and there should be n steady improve
ment each month thereafter"
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-21
CUBAN-AMERICAN SUGAR.
Reports Net Profits of s12,117,10I
for Last Fiscal Year.

The annual report OF the Cuban-Amer-
lean Sugar Company for the year ended
on September 80 shows net profits, after
all charges. depreciation and Federal
taxes, OF si2.f17.191, equivalent, after
referred dividends, to s11.56 n share
earned on its $40 par value common
stock In the preceding year the profits
amounted to 1901. 200, or ss5.3s n share
or its 500 pnr valve stock
Total sales by the company for the
ar were sa2,744.4t5. against $50 767.-
80 n tho prccodirr year. and OPERATING
expenses amounted TO s70,461. 1856.
.,gainst S37.72i g2s. It's charges for
bond interest. discount on notes, income
and excess profits taxes, depreciation
and revaluation Of inventories were $40.
1e5,46S. against s5.953.940. and pre-
fcrred dividends totalled s552.566. its
common dividends aggregated $4,000
0G0, against 100000 In 1919, leaving
a final surplus for the year OF s7,564.62b
md a total profit and loss surplus as OF
September 80 Of s2g.s3t,764.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-21
FIRST INDEPENDENT
CUT IN RAIL PRICE
Lackawanna Lowers Figure TO
Steel Corporations Level !
of S47 a Ton.

The first of the Independent steel cor
poratlons to lower its price for steel rails
to the level established by the United
States Steel Corporation of SAT ton is
the Lackawanna Steel Company, which
announced yesterday a reduction on
open hearth rails for immediate delivery
to SAT. Lackawanna, with many of the
other independents. has been quoting
steel rails at $57 n ton. No large orders
for future delivery will be taken at SAT.
however, at the present price. Lacka-
wanna's rail mills are running at APP
proximately 100 per cent. capacity. and
are using the output of five out of its
battery Of nine furnaces
The United States Steel Corporations
officials have maintained the price for
steel rails fixed by the Industrial Board
In 1919 and have neither raised nor low
cred the price fixed at that time. For
ward business Is being booked on that
basis.
From Inquiries now In the market It
is estimated that at least 200. 900 tons Of
rails remain TO be placed for 1921 de-
livery. The Pennsylvania Railroad IL
seeking reservations for 100000 tons OF
steel rails for 1921 delivery and may
increase them to 100000 tons or more
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-21
CLEVELAND BANKS MERGE.
stockholders of SIX Institutions
Approve. Plan.

CLEVELAND, Dec. 20.--Pians for merg-
irg six local banks, with a capital and
surplus Of S33 600 900 and resources in
excess of s3lO.0O0.O0O were completed
to-day when stockholders Of the Citi-
zens Savings and Trust Company, the
First National Bank, the Union Com
MERGE National Bank and the First
Trust and Savings Company met and
approved the merger, which creates the
Union Trust Company. Two other saw
ings banks Will be consolidated after the
first OF the year.
The consolidation will become effec-
i've with the opening OF business on
December 81.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-21
MONEY MARKET.
MONDAY. DECEMBER 20.
CALL LOANS ron WEEK

.enewals ........" 7lLast. Z
High ...'..'........ y Years high ........c5
Low ............... 7lYcar's low ......... 8
TIME LOANS.
Mixed collateral. 90 90 90 days. 7i5617x
Mixed collateral = to o months. 7i[nTM
lndustriais. 20 TO 10 days. ..7&n8
Industrials, 4 10 q months. 7AMs
COMMERCIAL PAPER,
Best names, to months. ....,... 7Nas
ether namcT, 10 q months. ....... 7s,Gfs
DISCOUNT RATES RESERVE RAM.
Commercial paper, Is days, IL 10 10 10
days, =. Liberty bonds and Victory notes
- days, o. 10 TOGO days, o. Bankers ac.
CO ptHnces. ~ 10 M days, a.
OPEN MARKET RATES.
Prime eligible acceptances. on call. q; re-
drcountable ~ Reserve BANK 90 10 10 davs.
0MI0,si non members and private bankers.
..isible, 60 20 w days, e%86h: non-elieible.
CLEARING HOUSE STATEMENT,
Clearing House exchanges, $3.50 900 $50
balances. si0Jtt7s4si Federal Reserve
aredlt balances, siO2. gTn. qi0.
SILVER MARKETS.
Official bar silver IN New York, domestic,
rMc an ounce, unchanged foreign, G2o
~ INC. London, 40d,, off ID. Mexican
dollars, 41Mo., off Nc.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-21
TO DISCUSS RAILROAD LABOR.
Board VIII Convene In Chicago
and Consider Problems.

The United States Railroad Labor
Board will convene In Chicago on Janu-
airy 10 for a hearing of the problems n
labor Establishments on roads throughout
the country The hearing In reality IL
for cons ieratlon OF the second phase
OF the demands Of labor from the roads.
Tho first phase OF the discussion on
wages resulted in the Increases effective
on July 20. The second phase Is on
working conditions. and involves hours
OF service. piecework and other points Of
discussion between railroad executives
and employees.
Several railroad executives whose
headquarters offices are In New York
are expected to attend the hearing.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-21

PARIS, Dec. 2O.-Prices were irregular
on the Bourse to-day Three per cent
rcntes, SET 35c Exchange on London
sef sac. Five per cent loan. s5f 20c
the dollar, If. 1ihc.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-21
FOREIGN MARKETS.

LONDON. Dec. 20.---Bar silver, 40d. an
ounce bar gold. 117s. cd. money, 49,
per cent. Discount rates--Short bills
6A per cent. Three month bills, 6M
rcr cent. Gold premiums at Lisbon.
40.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-21
NEW ISSUE

POWER COMPANY OF BALTIMORE
BONDS SERIES
December DueD /
""s " ss ss ss @ @ @ ss % @ H. s ] New
% % % g s; ~: 8 a H. I ::s :n s i s
wHhoud ~ton Tup
BANKERS ri
a o A. President further summarize:
electric light and
surrounding vi al onof abou75
PURPOSE OF ISSUE Of these 5oooco Bonds together
ss s' o a s sz ' ssss1% ny @ % @ %
~ -
ebondsG equally
Secured Convertible Note iHus and ss2sslSS
wownedor hersate acqM
Bondsar rseredo efundan undnt issues
1920 and earnings applicable fixed charges from asls
o Sss Ns and n has In M % nike charges %
last five be the this
Hss nis eset
:Anan Sinking Fund o a ht
outaandin first payment not later than
Rounding o+gageBon
DIVIDENDS: 1heco has
ouscashdh idendso the p a rates
hf Ssn paid @ % 1917 ~ ~ ' ~ ~ "
unHn o
which fl rSsE NS s saRsy .sn com% i
hasd eay that capital required for
AND n ve S~Sf n % I
investment and continuity return
eBondo nvesm
PRICE s7A AND ACCRUED INTEREST, YIELDING ABOUT 7s4Go
.aa..a %y made about
ALEX BROWN & SONS JACKSON & CURTIS
BROWN BROTHERS & co. LEE, HlGGlNSON CO.
sSa%a%:1 $s S ss@&%
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-21
MORE BRITISH GOLD ARRIVES

Gold valued at 100000 arrived here
Yesterday on the Imperator for the &C.
count OF the British Government with
Kuhn, Loeb e. Co.
The American Jewish world. [volume] (Minneapolis ;) 1915-current, 1920-04-02
GARDEN SEEDS AT BOFFER-
DING'S.

With the advent of spring ones
thoughts turn to the great outdoors.
Immediately one associates with it
green lawns, flower patches, and last
but not least, the garden-a garden
displaying fresh, crisp lettuce, cucum-
bers, radishes, and other delectable
vegetables. The garden tools are
brought forth and the work begins in
earnest. After preparing the soil,
comes the seeding. In order to have
full-grown vegetables that are a de-
light to the eye, and a joy to the pal
ate, it is essential to have the right
seeds and the best seeds. The W. III.
Bofferding Company, one Of the oldest
and most reliable seed houses in the
Northwest, have on sale seeds for
your flower garden and seeds for your
vegetable garden. also bulbs and
plants for identifying the outward
home surroundings. The w. H. Boz
ferding & Co. are located at Seventh
street and First avenue north.
The American Jewish world. [volume] (Minneapolis ;) 1915-current, 1920-04-02
Y. M. III. A. AND Y. w. HI. A. JOINT
MEETING. .9

On Monday evening, April 9th, the
W Hung e Heb meDrex ana the l0 w
hold a joint meeting at the Talmud
Torah auditorium. There will be a
short business meeting taken up with
general discussions Of interest to both
organizations. Brief reports will be
made on the Y. M. and Y. w. May
Festival, the Bulletin, and the build
ing situation.
The social committees of both or
CARNATIONS have made elaborate plans
for the evening. There will be infor-
NAL dancing. Refreshments will be
served. This is the Inauguration of a
series of joint meetings and social
get-together to be held in the near
future.
The American Jewish world. [volume] (Minneapolis ;) 1915-current, 1920-04-02
CHILDREN TO BE ENTERTAINED
AT LYRIC THEATRE.

On Wednesday morning, April z,
the children from the various institu-
lions, including the Talmud Torah
and the Jewish Sheltering Home, will
be the guests Of the Ruben and Fink
elstein enterprises at their movie
matinees all Of next week, where they
are entertaining the school children
at movie fest, which includes "Anne
of Green Cables" and children's
comedy. Ha-Ha, the health clown,
will speak and perform his antics.
The matinees are being held the en-
tire week at the Lyric Theatre. Sup
erintendent Jackson has granted the
children leave on the mornings al
lotted to them. A group of women
from the various women's organiza-
lions will act as hostesses.
The American Jewish world. [volume] (Minneapolis ;) 1915-current, 1920-04-02
AUXILIARY PASSOVER DANCE
WEDNESDAY.

Final arrangements have been
made by. the committee in charge, of
which Mrs. George Cults is chair
man, for the Passover dance which
the Ladies' Auxiliary of the Talmud
Torah is giving on Wednesday eve
ming, April Z, in the assembly Of the
Hotel Radisson. All those who have
not procured their tickets are asked
by the committee to do SO at once,
as only $50 couples will be accommo-
dated, and no tickets will be sold at
the door. Interspersed between the
dances program will be given. The
feature of the evening will be the
serving of Pesach delicacies, which
the members of the Auxiliary are do
mating. The proceeds of the affair
will be used by the organization to
assist them in their work in the Tai
mud Torah.
The American Jewish world. [volume] (Minneapolis ;) 1915-current, 1920-04-02
JUNIOR AUXILIARY TO MEET.

\ The regular monthly meeting Of the
Junior Auxiliary Of the Council of
Jewish Women will be held on Sum-
day afternoon, April A, at $3.50 o'clock
at the Temple house. Mrs. Arthur
Brin will be the speaker of the after
noon. A musical program will be
given, and nomination Of officers will
take place.
The Auxiliary will give a frolic on
April 1S at Mrs. Mobiles hall. Only
members, who have paid their dues
to date will be invited. All members
who are in arrears in their dues, are
asked to pay in order to insure them
of an invitation to the frolic.
Miss Emma Braman has been chos-
en- by Miss Katharine Hattendorf,
head of the Big Sister movement of
the Women's Cooperative Alliance,
to represent the Junior Auxiliary at
their 'bi-monthly Friday luncheons
given at Donaldson's Tea Rooms.
The American Jewish world. [volume] (Minneapolis ;) 1915-current, 1920-04-02
SOCIETIES TO HOLD
MEETING.

The Ladies' Auxiliary and the He
brew Ladies' Benevolent Society of
the Temple Share Tow will hold their
meeting on Monday afternoon at the
Temple house. At this meeting the
last reading of the Sisterhood consti-
tuition will be given, whereby the two
societies will be merged into one or
ganization to be known as the Temple
Sisterhood.
The American Jewish world. [volume] (Minneapolis ;) 1915-current, 1920-04-02
WHITE ELEPHANT SALE.

The Council of Jewish Women are
making plans for a white elephant
sale, the proceeds of which will be
used to finance some of the activities
of the Council. The sale will be held
some time in April. Anyone wishing
to donate articles for the sale are
requested to communicate with Mrs.
Harry Schloss, Kenwood 35OS.
The American Jewish world. [volume] (Minneapolis ;) 1915-current, 1920-04-02
Page Fiive

couples have been working all week
to raise the quota. The Y. M. H. A.
have pledged $4,000 to the fund.
At the last meeting of the board of
directors, Mr.. Harry Dickerman,
treasurer, reported that the member
ship has been increased to 80 which
represents an increase of 81 members
in the last three months.
The American Jewish world. [volume] (Minneapolis ;) 1915-current, 1920-04-02
Y. M. III. A. NEWS.

Maurice W. Cohen, chairman Of Y.
M. House committee, has just return
ed from Chicago where he visited the
Hebrew Institute.
Considerable progress is being made
in the organization of Y. M. orches-
ira. There are number of young
men with musical talent, who are anx-
ious to have an orchestra formed and
they are working hard to establish
one. A well known musician will
shortly be chosen as conductor.
sos The Bulletin. -
The Y. M. and Y. w. H. A. Bulletin
made it's initial bow to the public
Saturday. Although it is not up to
what the organizations intend to have
The American Jewish world. [volume] (Minneapolis ;) 1915-current, 1920-04-02
THE AMERICAN JEWISH World

Rabbi Matt will preach at 1920 on
Gaining Power" On Sunday morn
ing, Rabbi Mats topic will be "The
Freedom That Counts"
q On Sunday morning, Ellis H. Harris,
son of Mr.. and Mrs. M. HI. Harris of
5000 Irving avenue south, will be Bar
Mitzvah.
Concluding Services,
Concluding Passover services will
take place 8 on Thursday evening;
April 8, at 8:15. Rabbi Mats topic,
will be s'The Best Incentive" Yizkor
will be recited on Saturday morning
at 1880. Preceding Yizkor, Rabbi
Matt will preach on "Can We Speak
With the Dead?"
The American Jewish world. [volume] (Minneapolis ;) 1915-current, 1920-04-02

it must be remembered that this is
the first attempt. With little CO.
operation the next issue should be
free from any of the faults it may
now have. The next issue is to be
increased from eight to twelve pages.
The "Y" Maccabean Society is ac-
lively engaged in behalf of the Pales-
tine Restoration fund. A number of
The American Jewish world. [volume] (Minneapolis ;) 1915-current, 1920-04-02
AT THE sHELTERING HOME.

Two of the children of the Jewish
Sheltering Home for Children are Abe
and Morris Radner. They do not
know where their father is and their
mother is dead. Abe Radner has
reached the age of thirteen and is
now too old to be kept at the home,
so Mr.. and Mrs. S. G. Lyons, Of 1888