davidaulloa/AmericanStories huggingface dataset:
El Paso herald. (El Paso, Tex.) 1901-1931, 1920-12-04

Baltimore. Nd, Dec. bob" Roper
won his bout with K. o. Samson IN
the first round at the Fifth regiment
armory Friday night. Samson was
noored for the count OF nine q min
uta after the fight had begun on
the second knockdoWn he was on his
feet at the count OF nine but his sec
conda tossed the towel into the ring
El Paso herald. (El Paso, Tex.) 1901-1931, 1920-12-04

Louisville. Ky. Dec. BILLY Gin
giles. OF Little Rock. Ark, knocked out
TER Turner. Of Cincinnati. In the
fourth round Of their scheduled u
round bout Friday night. The men are
uliddloWeiEhtG.
El Paso herald. (El Paso, Tex.) 1901-1931, 1920-12-04

custom SERYIcE WITHOUT
TIE ANNOYANCE or Il TRH0W
READYTO- PUEON
TAKLORED 1T FASHION PARK
ALRAZS PRICED 70 WARRANT E4LUK
New-York tribune., 1920-07-29
She Dislikes Watching and Worrying

Question-Would you give to an appre-
ciative and n daily reader OF your column
tho names of four or Ave stocks which you
deem safest for a permanent Investment
OF COURSE though familiar with your OBJ
jections, l would like the highest rate OF
Interest consistent with safety. Arc there
not few we'll seasoned stocks which can
be purchased In the present market to
yield per cent or a little better? While
seeking this l count safety tho first requi-
site. for l do not want to have to watch
and worry.--Mrs. A. r. c.
Answer--There are several issues of
preferred stocks yielding 7 per cent
and more which have n good record.
Those we list below are in the New
York Stock Exchange, thus enjoying a
fairly active market. Earnings at
present are satisfactory in each case.
American Woolen per cent preferred,
price about 81; Atchison, Topeka &
Santa Fe 5 per cent preferred, price
about 73; Baldwin Locomotive 7 per
cent preferred, price about 97h Beth
lehem Steel per cent preferred, price
about LOG; Endicott Johnson per cent
preferred, price about 9G1a; Interna-
tional Motor Truck first per cent pre-
ferred, price about 81; National Enam-
cling and Stamping per cent pre-
ferred, price about 95; Railway Steel
Spring per cent preferred, price
about 50; Pressed Steel Car per cent
preferred, price about 100, and Steel
and Tube Company Of America 7 per
cent preferred, price about 88.
New-York tribune., 1920-07-29
Puzzled Over Stock Prices

Question: have 100 shares of Ameri-
ca ca n,La str1 France Fire Engine Company
mon mon stock, bought at S11.25 per share and
Copper stock, bought at $3.50 They have
',n'a, tne same par value and pay the same
n1v,aema. invsstn, l s regard the former as semi
slider as purely speculative, but what
cannot understand Is why the La France
the Ray Copper stock ] would feel great
ly obliged if you will kindly explain this
seeming incongruty. Do you regard
American Smelling preferred and Pierce
OIL preferred as Investment stocks? l un-
derstand Pierce OIL common paid A diyi.
dend July of II per cent. L. B.
Answer-Ray Consolidated has been
large Garner in the past, and it is
only recently that the dividend has
been reduced, owing to the depression
in the copper trade. 1t is the belief of
many that the copper shares have seen
their worst period and that their fu-
lures hold forth better prospects. The
fact that this stock is speculative very
probably accounts for its uncertainty
in price as compared with American
La France Fire Engine stock, for specu-
latlve issues are largely judged by
their technical position in the market
Besides this, American-La France re-
Gently has become a dividend payer,
and the fact that it is not SO seasoned
a security may also account for it's
lower price. We regard American
Smelling preferred and Pierce Oil pre-
ferred as fair investments. The nattre
of the companies business is such that
the stocks are not entitled to as good
ratings as many manufacturing cor
porations American-La France paws
81 per annum. The recent dividend on
Pierce Oil common stock was not paid
in cash, but in stock-2h per cent
New-York tribune., 1920-07-29
u. S. Enters Season
OF Crop Movement
With Good Credits
Gov. Harding, of the Federal
Reserve Board, Declares
Position Is Much Better
Than Was Anticipated

w. P. G. Harding, governor of the
Federal Reserve Board, who was at the
Federal Reserve Bank of New York
yesterday on one of his periodical
visits, said that the country is enter
ing upon the new crop moving period
in much better credit position than
was anticipated four or five months
ago.
This was due largely, he said, to the
improved transportation situation in
the Middle West, which has enabled
farmers to ship to market their carry
over from last years wheat and corn
crops, valued at approximately $780,
100000 for the Kansas and Iowa dis
tricts alone.
The release of this money, which has
been tied up in the form of frozen
credit, has been one Of the principal
factors in making it possible for the
Chicago Federal Reserve Bank to wine
out all it's borrowings from other Fed
eral Reserve banks and to be placed
in position where it cen use its in
creased resources in helping to finance
the new crops.
The other members of the Federal
Reserve Board and I are optimistic re-
garding the ability of the member
banks and the Federal Reserve Banks
to handle the peak of the crop re-
quirements," said Mr.. Harding. "They
are better prepared now than was
thought possible few weeks ago. One
OF the most important developments
regarding the business and financial
outlook is the improvement in labor
efficiency, which has been noted in a
number Of distcicts.
is much better than we anticipated
it could be four or five months ago.
The new crops have started moving
just at the time that the accumulations
of old crop wheat in Kansas and old
crop corn in Iowa have been carried
to market. This movement of the old
crops has demonstrated distinct i'm
provement in railroad transportation
and has proved that the trouble was
physical rather than financial
"As result of the movement Of
the old crops out of Chicago, Kansas
City and Minneapolis, the Chicago Fed
eral Reserve Bank, which at times has
been borrower on rediscounts from
other Federal Reserve institutions to
the extent of $50,OOoO0O, this morn
ing had a clean slate.
Il also have received a wire from the
feoeral reserve Bank of Minneapolis,
stating that the officers of the big
member banks there regard large crops
as assured in the Northwest and that
they anticipate no trouble in caring for
them.
There has been distinct improve
ment in the reserve position Of the
Boston and Cleveland Reserve banks.
The low condition of the Southern Re-
serve banks appears to be purely sea-
sonal. The recent rise in the reserve
ratio at Boston has been due to the
usual seasonal contraction in business
and preparations for their late fall re-
quirements, when Southern cotton
planters will be shipping their product
to New England"
In Cleveland. where they have nor
NAL theoretical credit line for men,
Der banks, Mr.. Harding said, loans by
the Reserve Bank were only 48 per
cent of this limit, indicating what the
district has done to restrict credits.
New-York tribune., 1920-07-29
Old Crop accumulation
LARGER THAI, Last Year

W WASHINGTON, July 28.-Wheat
from last years crop carried over into
1920 totaled 1O9,31o,OOO bushels on
July l, compared with 4S,561 900
bushels of the 1918 crop on hand the
corresponding day last year, said an
announcement to-day by the Depart
ment of Agriculture
Stocks on farms, in country mills
and elevators, and in points of large
accumulation all showed an increase
over 1919 totals. This year farmers
held 47756,000 bushels, against 19,261,-
600 bushels in 1919, the figures per-
haps rejecting disturbed transporta-
ton conditions during the last year.
At the larger central storage points
this year the department found a.
$4,000 bushels, against 1852, 900 in the
same places on July l, 1919. In coun-
try mills and elevators this year there
are 36,3o8.000 bushels, while in 1919
there were 10 76S 900
New-York tribune., 1920-07-29
Big Wheat Receipts
Depressing Market;
Rally Short Lived
Exporters Able to Obtain
Large Amounts Now; Evil
dence of Rush to Unload;
Break in Flour Prices

Tho wheat market Is showing the
influence of the efforts to move the
crop from the farms. Receipts at
primary points are increasing slowly
but steadily and offers for August and
September shipment have assumed
large volume
The pressure OF this wheat on the
market is having a pronounced effect
on values, and cash prices are declining
as fast as futures, although still at
much higher level.
The market yesterday was feverish
and at the outset showed gains of 5
1t was thought that the technical
position had been materially strength
ened by the recent heavy selling and
for time shorts we're good buyers.
The advance, however, attracted re-
newed pressure in the form of hedg-
ing operations, and later the market
dropped to below the previous close
and final quotations were 1sc net lower
to 1bc higher.
Exporters were in the market and it
was estimated that total sales on Tues
day and Wednesday would aggregate
close to 100000 bushels The fact
that this demand had failed to cause
a sustained rally in prices was looked
uPOH dS Il "tdh lcdCuTo IN Cnc market.
Commission houses here who make
sales abroad reported radical change
IN the attitudes of country sellers.
Only a few days ago export buyers
were forced to pick up wheat in small
lots of 5000 to 10000 bushels. with an
occasional offer of $4,000. During the
past day or two, however, offers have
increased steadily and buyers are now
able to obtain wheat in lots of $4,000
to 100000 bushels
The attitude of country shippers is
believed to be due to more cars and
the belief that the spring wheat crop
is now safe from serious rust damage
In the local cash market No. red
and No. 2 hard wheat were quoted at
$3.50, c. i. f. track, prompt shipment
Rejecting the slump in wheat prices,
flour dropped yesterday at all large
mills in Minneapolis. one of the larg-
est mills reporting a reduction of 70c
barrel, and another 75c drop.
To-days quotations were 1880 to
1885 barrel in carload lots, in SO
pound cotton sacks, for family patents.
Bran also dropped to $40 a ton from
yesterdays quotation of $40.
New-York tribune., 1920-07-29
Stock Exchange Listings

New securities admitted to trading
on the Stock Exchange yesterday i'm
cluded S6,25o,0OO additional common
stock declared by the Crucibe Steel
company as a stock dividend; s25,5Oo
additional class common stock of the
Pan-American Petroleum and Trans
port Company; s4,157,3O0 additional
common stock of the Mexican Petro-
leum Company, Ltd, of Delaware:
10000 additional shares of the Philips
Petroleum Company; s1,o000O0 addi
tional 40-year per cent gold debenture
bonds of the General Electric Com
pany; 35,967 additional class A com
mon shares of the United Retail Stores
of the Corn Exchange Bank; 10000
shares of common stock of Wilson &
Co. Inc; s5580p0O additional common
stock of the SJuth Porto Rico Sugar
Company.
New-York tribune., 1920-07-29

Current Year
Sugar. sranu,ated. lb. aloT Pics ss'5oo ss' IS
Coffee Rio. No. 7.. 1lAc 23Sc
Coffee, santos. No l. 22ts a 23zc 2ssc
Yesterdays coffee market was reac-
tionary. At the start prices were IL
to 35 points lower, the decline carrying
September below 10c to 995, trade in
terests being successful in forcing
prices down, but it is not believed that
certain strong long interests are dis
posed to let go their holdings. In fact,
some of them have been buyers on all
soft spots. At the same time somo
traders thought the market due for
an upward turn after such a break and
around midday started in to cover
This. with demand from investment
interests, caused prices to snap back
30 to 35 points above initial figures, but
the gains were soon lost on renewed
selling due to lower firm offers from
Santos, showing continued weakness
The market closed practically at the
low point of the day, or II to Is points
net lower, with July offered at l04O, or
50 points down. In the local spot
market interior buyers were said to be
showing a little more interest at the
low prices and Rio rs were quoted at
1114c
New-York tribune., 1920-07-29
Preferential Rate Ruling
Suspended Until January

WASHINGTON, July 28.-The Inter
state Commerce Commission to-day
suspended, until January 1, 1921, the
section of the merchant marine act
which permits railroads to give pref
orential rates to exports moving in
american vessels.
Chairman Benson of the Shipping
Board last week certified to the COM
mission that adequate shipping facili-
ties in vessels registered under the
American flag were not available for
the movement of American commerce
He stated that suspension of the dis
criminatory features Of the Jones bill
were asked pending an investigation of
shipping facilities in American ports
New-York tribune., 1920-07-29
Business Girl Need Not Worry

Question-Last December I bought five
shares Of International Paper preferred
stamped at 78M; four shares of Bethle-
hem Steel per cent, at 113h, and five
shares of Corn Products Refining preferred
at 1O7Aa. Would you regard these as q
safe investment, and did I pay top
notch prices? l notice all of them lately
have dropped, have come up few points
again but arc not yet back to what
paid for them. Would you advise that |
sci! them now? just want them for a
safe investment. l am not out for a
large return, and these average me just
per cent on the three. This money was
ie1t me by my mother. I a business
girl and would not like to lose any of it
Anything you might tell me regarding
these stocks would be very much appre-
ciated-Miss NJ. C. F.
Answer-Your stocks are good ones.
10 not worry about the fluctuations.
for the best grade Of investments must
conform to conditions as they arise.
New-York tribune., 1920-07-29
Mining Stock Too Unstable

Question: have several hundred shares
OF Nipissing mining stock. the Interest
from which Is my means OF livelihood. II
has dropped steadily and l am at a loss
what to do. Would you advise selling
out now or do you think it would be ad-
visable to .hold?-(Miss) NJ. l..
Answer-Your mining stock is specu-
lative. If you feel that you cannot
afford to take chances on your principal,
you had better switch to some of the
investment preferred stocks Or bonds
are the only kind of securities suit
able to your purpose. in our opinion.
New-York tribune., 1920-07-29
Gray & Davis Stockholders
To Act on Marketing Plan

A special meeting of stockholders OF
Gray e. Davis has been called for
August to act on the proposed ar
rangement by which the American
Bosch Magnetic Corporation will BE-
come the exclusive selling agent Of the
starting and lighting products OF Gray
& Davis, it was announced yesterday.
yesterday.
The proposal includes a plan LOT
officers of the Bosch company to as
sumo executive control of the manass-
ment Of Gray & Davis. it is said.
New-York tribune., 1920-07-29

WASHINGTON, July %. - With a
view to increasing its export trade
Venezuela has appointed commercial
attaches to the United States, Grea'
Britain and the other principal couh-
tries of the world, the State Depg.'-
attaches will be directly connected
with the Ministry of Foreign Affairs.
New-York tribune., 1920-07-29
Investment
Information

Questions Of general interest to
Investors will be answered in this
column, in ,Ohich case only initials
4Dili be used. Others will be an-
swered By mail. Address al! in
ouiries, inclosing a stamped, ad-
dressed envelope, to Financial Editor.
The Tribune, 154 Nassau Street, New
York City.
New-York tribune., 1920-07-29
Standard Milling Co. Extra

The board Of dlfectors OF the Stand
ard Milling Company has declared a
quarterly dividend of per cent and an
mon stock, both payable on August 81.
in cash, to stockholders of record Au-
gust 81. a Quarterly dividend of ~
per cent on the preferred stock was
declared payable out of the earnings
fer the current fiscal year, August 81.
on The same stock.
New-York tribune., 1920-07-29

Southern Spot tMarkcts-Galveston quiet,
unchanged at 3Sc sales 349 bales. New
Orleans quiet. 25 points lower at 39,50c:
sales. $50 bales. Mobile nominal. unchanged
at 39c sales. nil. Savannah nominal. un-
cha auged at 41c; sales. nil. Norfolk quiet.
unchanged at 4050c sales nil. Augusta
quiet. unchanged at 4oc; sales. nil Mem
phs steady. unchanged at 80 SOC; sales,
500 bales. Houston quiet unchanged at
36.5Oc, sales. 3,307 bales. Little Rock
quiet. unchanged at 80 soc; sales, nil.
Dallas steady. Is points lower at 36.95c;
sales 400 bales. Montgomery nominal.
unchanged a 40.25c; sales nil. Fort Worth
quiet. 25 points lower, at SIC; sales, nil.
New-York tribune., 1920-07-29
DIVIDEND NOTICES
WESTINGHOUSE ELECTRIC

y MANUFACTU RING COMPANY.
A Dividend of two per cent. 90 per
share) on the COMMON stock OF this Com
pauy. for the quarter ending June 80, 1920,
viii be paid July 81, 1920 to Stockholders
OF record as of June 80. 1920.
II. +. EAETZ. Treasurer.
New York. June lG, 1920.
New-York tribune., 1920-07-29
range Of prices follows:

Sugar - Yesterdays market for raw
sugar WAS a shade steadier II anything,
with practically no Cubas or Porto Ricos
offering at the close of the day and the
demsnd quiet.
About the only business reported out
was a sale of 1000 bags of Cubas cary
August shipment. to the American TO be
shipped to Philadelphia. this being BAL
ance cargo lot
There some inquiry at 15c c. l. :.
for full duty sugars and some onering
August shipment at that price. but II N
more prompt position they might De
taken.
New-York tribune., 1920-07-29
PaF-is Market Heavy

PARIS, July 2s.-Prices were heavy
on the Bourse to-day Three per cens
rentes, So francs 80 centimes; ea-
change on London, 4S francs 45 cen,
times; s per cent loan, SO francs ~
csr Zines. The dollar was quoted 81
IL francs TIN centimes.
New-York tribune., 1920-07-29
German Bonds Are Risky

Question: have $1,000 to invest. and as
this is my first venture OF this kind would
thank you for any advice. Would you
think the enclosed In regard to German
city bonds good. safe investment? DO
You believe one might make the big profits
think of the ten-year IA per cent gold
notes OF the United States Rubber Com
pany advertised in this morning 8
Tribune? l have been advised to take
bonds in the Morris Plan Company. which
pays per cent? Do you think this safe :?
-G. j. B.
Answer-The fact that German city
bonds at present prices offer such
alluring Inducements shows plainly
enough in our opinion that they are
Aighly speculative securities. We do
not know what the future of Germany
will be. She certainly appears to have
hard road to hoe. 1t is our belief
that you should not purchase German
securities unless you can afford to
speculate. You are told that these
bonds will sell at such higher prices if
mark exchange returns to prc-war con-
ditions. With the obstacles Germany
must surmount it is not likely, in our
opinion, that exchange will return to
normal for some time to come. The
United States Rubber ~ per cent
notes are we'll secured and offer very
good investment opportunities. We be-
lieve the Morris Plan is conservative
investment We think you would make
no mistake in investing in it.
New-York tribune., 1920-07-29
INVADER Oil. & REElN!NG CO.

Dividends Nos. 81, 55 and Sc.
Muskogee. Oklahoma.
The regular monthly dividend OF lfa and
AN extra dividend OF 20 and special
dividend of IL has been declared to
stockholders OF record July 18TH, 1920
payable August I'd. 1920. Checks will be
mailed.
l. c. BOYD. Treasurer
New-York tribune., 1920-07-29

THE FIRST NATIONAL BANK OF
Mount Carroll located at Mount Carroll
IN the State of Illinois, is closing its az
fairs. Az note holders and other creditors
&c the associatioY are therefore hereby no
tlL "a 20 preseSf the notes and othe.
,lai as Ter pagnAn;
VA n wILpEy. President
.3a 40 Junc &c. 1870.
New-York tribune., 1920-07-29
SECURITIES OFFERED AND WANTED

Adams Express 4s, l947-48
Bordens Co. Com. & Pfd.
Central States Elec. Pfd.
C., R. |. & P. Coll. Tr. As, 20O2
Continental Guaranty Cor. Stk.
Hale & Kilburn so MIS-, ls2l-3l
HabIshaw Ell. Cable 500 Pfd.
Int'l Ct. Nor. 500 Nts. 1914, def.
Kankakee Gas & Elec. SIS, 1890
Nero. Stores Co. BIDS. & Stk.
Michigan State Tele. Pfd.
Niquero Sugar Co.
Sheffield Farms Co. 6oo Pfd.
Standard Gas. & Elec. IS, 1885
Tennessee Power SIS, 1862
Texas Central R. r. SIS, 1923
Tol., P. & W. R. r. As, II, def.
Wisconsin River Pow. SIS, l94l
Charles {. Doyle & Co.
80 Broad ST.. N. Y. Tel Broad 7lo6-7-s-9
New-York tribune., 1920-07-29
Cottonseed Oil
r-ndar,vinp conditions in tn. rnarke,

Underlying conditions in the market
not roticeably changed far as
the supply and demand situation was con-
cerned. The technical position Of the mar
ket, howeNaS, evidently firm and the
show of strength in the lard market
Well the advance in coarse grains
suited in an active covering movement
which caused general advance in prices
August was an RECEPTION, closing points
net lower. while the other months were
81 to 81 points higher. Total sales for the
day were $500 barrels,
The range OF prices follows:
New-York tribune., 1920-07-29
Il. s. Canadian Trade

today by the Department of. Trade
and Commerce shows that Canadas i'm
ports from the United States during
June totaled SIS, ,221 ,931, while exports
from the Dominion to the United
States were $45,980,676. e.
New-York tribune., 1920-07-29
,fined sugar was unchanged.
Livestock, Meats, Provisions
Yesterday. Year ago

yesterday. ieai eb''
Live stock fair to
prime. 100 lbs. sl4 % 1850 3ltooqlo''
u s e d beef. =,
sides. 10. .... .l6@ rs .17@ ~
Live veal COM
100 lbs. .''.... '''.''.e' 1s.ooa2l.oo l5.oo9c2c'
- + veal,
city. III. ...... ESQ .33 .269 80
lbs. e"p'' ...''...'' Nv e.oo@ 1000 5000 $50
city. ib ''''' .''.'' .l40 %. .i2e 10
Live lambs, fair
lbs :......: '.F i'' 1Aooa175o 1AoOSlI'S
Dressed l d IN b $,
city. III. ..... .250 SO COG 2.
Hogs. 100 lbs. 1s.25Ql725 23.00423s9
ID S hogs,
bacon. lb ~ 2s%g237. .31x9.ask
Mess pork. bbl.. 33.o0@340o $3.50
Mess beef. bbl.. ls Opl9oo 33.o0g3Aos
Lard. NJ d die
West. 100 lbs. 1s.l09l92e $3.50
New-York tribune., 1920-07-29
SEABOARD AIR LINE RAILWAY
Five Per Cent Adjustment
Mortgage Gold BouIs

The semi-annual. instalrnent of ,nteres+
on Seaboard Air Limo Railway Adjustment
honds amounting to eye (S25o0), repre-
H.ned by coupons Nos. 41 and AZ for
'-'"o each. has been declared and will
be paid on and after August /. 1920. al
% erlre OF Hlair x Co. No. "a Broa
10 AObT. +. MUTT.
Secretary and Treasurer
New-York tribune., 1920-07-29
Cotton Statistics

Liverpool Cables-Spot cotton in good
demand at points advance. middling.
26.0Sd. Sales, 5000; American. 5000 No
imports. Futures opened quiet at 16 to %
points advance; closed steady at net
advance of IA to 25 points. July. 2-.42d;
October. 22.94d December. 2l.S5d: Jan
uary, 2155d; March, 2104d Manchester.
Yarns a fair business doing. cloths steady.
New-York tribune., 1920-07-29
Chooses Low Grade Issue

Question--kindly give me your opinion
as to safety and advisa biity of purchas-
ing the following securities for high class
investments; Midland Valley Railroad first
per cent tput out by Harris. Forbes g.
Co. When does 1T mature p; New Orleans
Northwestern Railroad 4h per cent re-
funding and imp. mtge 1852; Duquesne
Light Company per cent bonds due
1949. E P B.
Answer-Midland Valley Railroad
first 5 per cent due April 1943 are out
standing to the extent of $5,224,OOO
and are secured by direct ,r collateral
lien on 361 miles of road in Arkansas
and Oklahoma. The road has never
shown any great earning ability and
we do not regard the bond as of good
grade. New Orleans -Northeas stern
Railway refunding and improvement
Az per cent 1852 are a second lien on
1856 miles of road from New Orleans
tt. Meridian, Miss. Prior liens consist
of but $1,371 900. This bond is en-
titled to a very fair rating. In normal
times, the road is satisfactory
Garner The Duquesne Light Company
6 per cent bonds, offered to yiel5 ~
per cent, are we'll secured on a p,op
erty showing good earning power.
New-York tribune., 1920-07-29
Chemical Stocks
Tobacco Stocks
Insurance COMPANIES

"Ex dividend 500.