davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23
Bethlehem Steel Co.
Buys Jamison Coal
Grace Announces Purchase of
100000 Acre Bituminous
Fuel Property

The purchase Of the Jamison Coal
and Coke Company, bftuminous pro-
ducsss, by the Bethlehem Steel Com
pany was announced yesterday by +.
g. Grace, president, following a meet
ing Of the board Of directors
"The property we have acquired -
Mr.. Grace said, "is located only fifteen
miles away from the property of the
Elkins Coal and Coke Company, re-
Gently acquired by the Bethlehem in
terests: The property consists of
proved up over $4,000 tons Of q rood
quality o. low sulphur gas coal. The
property y IN operation and equipped
to produce 100000 tons Of coal an
nually. The Bethlehem Steel interests
are now fully supplied with their full
requiem ents Of all kinds Of bitumi-
nous coal.
"All plants Of the corporation. both
steel and ship. are operating ut full
capacity, only a. affected by the cur.
taument Of tr6hspoftatioh due to the
recent railroad strike"
According TO director Of tho Beth
lshem company net earnings in tho
Hrst quarter were greatly in excess Of
returns for the preceding quarter. He
estimated that after Federal taxes the
company earned az rate Of more
than $50 share per annum on the
common stock.
Directors Of the. company declared
tho regular quarterly dividends of 1X
Per. cent on ths A and b comm on stocks,
both payable JvIy ! to stockholders OK
record June IL.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23
Outlook Discouragingt to
Textile Manufacturers
Buyers Slow to Stock Up and
Mills May Closes Sea.
ann Il Poor

A falling of in demand for their.
products, with an increase in labor and
material costs, Is the dilemma in
which some manufacturers in textile
and apparel lines find themselves at
present. Since the beginning Of Feb
ruary retailers throughout the country
have cut down their purchases. either
because they felt that prices were due
to decline or because Of falling OH in
their own business.
The women's apparel trade, accord.
through the worst spring season In
seven years. Prices have been main
tained In many cases, but the volume
of business has been growing steadily
less Business in fall silks and wooden
goods is materializing slowly and both
markets have shown extremely soft
spots. The mems clothing manufac-
turers are entering the fall season
faced By a hesitating attitude on the
part of the retailer and the spread Of
the "overalls' and similar economy
moves.
Manufacturers charge the greater
prices to labor costs. Despite tho fact
that a fairly large number Of cutters
and operators in The apparel trades are
unemployed at present, tho manufac-
turers assert that wages are showing
no indication of declining. On the
contrary, many manufacturers Of mems
clothing expect the union to demand
another wage increase in the near fu-
ture, and reports from New England
say preparations are being made for
new demands by textile workers.
The possibility that dull tnsines.
viii lead to the closing Of mills and
unemployment is being forced to the
attsntion Of manufacturers. Many are
inclined to believe that such . condi-
ton would hasten rsadjustment to .
more healthy basis.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23

Hayden said, is being handled through
an equipment trust arranged by the
Director General for financing practi-
cal!y all of the equipment allocated
by him TO the carriers Accordingly the
government has taken the company's
notes for $500 freight cars, 90 light
Mlkado locomotives and 10 switching
engines, payable in fifteen annual in
stalments, the first maturing January
Is, 1921, all bearing per cent interest.
Title to the equipment remains with
the government until the notes are
paid. Mr.. Hayden added that this is
favorable to the company, in flew of the
prevailing high rates of interest and
the difficulty of obtaining funds for
railroad financing, even at such rates.
A summary Of the corporate and Fed
eral combined income accounts shows
total operating revenue, $116,624,6s3;
operating expenses, $101, 497,733; tax
accruals, s5,O4e,922; other income, ST.
992,639; total income, $12,o63, 73e; do
auctions, $13,S30,317, and deficit, ST.
766,57S.
The company's balance sheet dis
closed $347,399 cash on hand at the end
Of the year, compared with s44,23O in
the year before. Total investments were
placed at s3s0,584,4O against s373,-
116,409 in the preceding year. Total as
sets and liabilities aggregated s429,-
637,706.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23
Holdings Of Butterick Company

Question-As no dividend has been de-
clared by the Butterick Company since Sep
tember l, 1916, wish to know the reason
why the Butterck Publishing Company ia
sS n,g stock on an 8 per cent dividend
i:ney control the Butterick Company. ali
linked together. l don't understand the diff
terence between them. What interest does
me Butterick Publishing Company have with
the butterick Company? What part of the
business do they have? Is there any hope
OF dividend in the near future IN A =
Answer - The Butterick Company
owns the entire capital stocks of the
following: Federal Publishing Com
pany, New Idea Pattern Company, New
Idea Publishing Company and Rfdeway
Company. Through the above COM
panies the Butterick Company controls
the Butterick Publishing Company and
the Standard Fashion Company. The
properties controlled are not owned in
fee, but are held through ownership of
the stocks of these respective com
panies. The Butterick Company pub
signer," "Woman's Magazine" "Ad-
venture" and "Everybody's." Earnings
have not been such as to- warrant much
in the way Of dividends. For 1919 they
were equal to 2.l9 per cent. against
3.01 per cent in 1918. Unless there is
considerable Improvement in earnings
we do not see much chance for q divi-
dend.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23
Japanese Situation Better

The New York branch of the Yoko-
hama Specie Bank announced yesterday
that it had received cable adyices from
Toxic to the effect that the Toxic and
Osaka stock exchanges as we'll as the
silk and rice exchanges, which had been
closed on account Of financial conditions
obtaining in Japan, were reopened on
April 10.
Further advices explain that the bank
which closed it's doors as the result of
financial conditions. was the Masuda
Bank Of Osaka. This institution has
branches 1T Toxic and Nagoya, which
were likewise affected. In Osaka a num-
Der of the largest banks held meeting
with view to extending financial sup
port to the Masuda bank and possibly
enabling it to reopen for business. The
Masuda bank has a subscribed capital
of the equivalent of S2,500,OO0. Of which
about $850,000 was paid in. The failure
Of the bank, which has devoted its &C
Invites to financing brokers and to pro-
noting new companies, was ascribed to
the overspeculation which has been GO
ing on in Japan for some months.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23
N. Y. State Railways Doing Better

Question: have small investment in
New York State Railways preferred stock
Dividends were discontinued about two years
ago. Recently ! have been approached Ivy
brokers DESTROYS of buying my stock, which
leads me to believe that the company faces
brighter prospects. Kindly advise me what
to do Do you believe the ',service-at-cost'
bill now at Albany. if enacted will benefit
preferred stock holders e j.
Answer-In contrast to a net income
Of $S62,209 in 1917 the New York State
Railways in 1913 showed deficit of
$99, 461. The dividend on the preferred
stock was Immediately passed For the
year 1919 the net income has risen to
$340,365, and though no dividends have
been declared on the preferred stock
the outlook appears to be far more en-
couraging. The service-a t-cost bill, if
passed, should benefit preferred stock
holders in the New York State Rail-
ways.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23
Rock Islands Net
$6,654,469 Below
Standard Return
Wage Increases Absorbed
Large Part of Earnings in
1919; Operation Cost 90
Cents Out Of Every Dollar

Net Operating income of the Chicago,
Rock Island & Pacific Railway for 1919,
shown in the Federal income account as
So, 145,786, lacked $6,654,469 of being
sufficient to earn the standard return.
which was fixed at SIS ,S00,255. This was
mainly due, according to the annual re-
port issued yesterday, to the great in
creases in the cost of materials and
supplies and increases in the labor
costs.
"The wage increases made by the
Director General said Charles Hayden,
chairman of the board, in the report to
stockholders, con the lines of your COM
pany during Federal control amounted
to about $23,000,000 per annum Our
total wage payments before Federal con-
troll were $40, 195,21O per annum. Owing
to increased freight and passenger rates
and increased traffic the operating
revenues showed an increase in 1919
over the average for the test period of
1884 per cent, but the operating ex-
penses increased 8057 per cent. The
ratio of operating income to operating
expenses, taxes, rentals, etc, for the
test period was 1899 per cent, while in
the last year it was 1928 per cent.
"out Of every dollar earned by the
Director General during 1919 it cost
him 92.23 cents to operate the property.
leaving only TIT cents to be applied
upon the rental. 1t remains to be seen
what can be accomplished in the way of
a reduction of these costs. Your direc-
tors and officers are alive to the neces-
sity of such reduction, as we'll as the
necessity for an increase in rates, and
will devote their best efforts to placing
the company's operations on a remu-
nerative basis"
A surplus after taxes and charges of
S4,SS7 800, equivalent after preferred
dividends to sits share, was shown in
the corporate account for the year, COM
pared with $5,481, 098, or 1855 q share,
earned on the common in 1918.
Financing of new equipment, MI,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23

II = S.s.s ~ tanning extracts in February
y ~'Fc tfss,7ii TIE largest customer for
Ffy2etx ~ss England. although ap-
t.,ss1 StflI thirty foreign countries I'm
80 american products
EN-, sns Maple Heel cefnpsny has been in
x,y9oaatrf With e. capital of tg4,eee. con-
Ins 81 90 shares, 500 par. Fred W,
~ sr|sidsn. OF the new company.
"a. general meeting Of the Tanners
.sn1s'i 81 Asasrics Will b hsid ~ AZ
ssss.1. NJ On lily 9 and 2. United states
1,s.m Esiter Edge viii deliver an I'd :
assssaeh Nay on the subject Of fnancinx
,s;.En yass. Marx Sheldon, HsYh Gem
a. .s.|nSS f1f Australia, sIxo will 30 called
:" make speech,
Dsp ss ,snfp,u. protsrty division Of tho war
Sfs ~ wsmt WIZ offer for sale In tho 1&tt4r
ssiairnl.h ax ises,e9e pairs ~ new and
at Try wiIi include tan. rsssst ana
asas III III ars fasds up Of sirens. service
I'm ~ Mshss. fsymsriy = rnsmter Of the
&c., Ss'git2 = Hn1sv, hiss enGAR4a In tho
:1ss' ssstshe bpssnASs 81 ~ Naidsn
IL 3essing Of the fnsses esmmtttss Ct
yeet1y1sTmH keDnstfssn cinb vas hsid
1[Es, " tho YerMA ~ tta J1Asisrs
~ GHnss Lib ThtN rnaeflne wAs saiisd
- HAh5s. sbsirns1n.
ase, gAAsesetrenay Ut rans4y 4 Wsa-
III HI Ss, 1890 lAa1ett1yS, kaN eaijsd Tor
49, nhteh AlamenA snaskefs
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23
Brunswick-BaIke Earns
S44.A a Share in 1919

Tho annual report Of the Brunswick
Bake Collender Company for the year
ended December 81, 1919, shows sur
plus after charges and Federal taxes
ct $3,01s,914, equivalent, after $685.
BIB in preferred dividends, to 944.64 .
share earned ON the $4,000, 900 common
stock, which compared with $1,162 b82
or $lSI3 share in 1918.
s!0n ssns s;s ss ssp ss a ths prs
eeding year. Sundry charges. etc.
we're $2a,57s, compared with $77,407
IN the year before. Federal and excise
,s1es including accrued payments to-
saied s2,004s0o. Holders Of the com
non stock received 1920 in divi-
dends. after which a $2,258,601 bal
snee remained for profit and loss.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23
Great Western Power Comes First

Vuestion-Wll you please state your opin-
ION a OF the security back of Mississippi Power
8, anS Is; Northern Ontario Light and Power
M" ~ snu uleat Western Power 5s, 1916? Which
SAFE Investments Miss E. L. J.
Answer-According to the latest
Power Company first IS. 1916. have the
greatest equity behind them, followed
ny the Northern Ontario IS and the
mississippi Power Is, in the order
named. The first named bond is en-
Titled to good investment rating and
the other two to fair rating.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23
Subscriptions s254.536,5 500

WASHINGTON. April 22.--subscrip-
DORIS to the combined issue Of Treas
IVY certificates Of Indebtedness ma
ring July il and October Is totaled
i 't,35G 800. These two issues bear
highest rate Of interest paid by
Treasury in its postwar financial
atoms. the interest on the issue
n sFing July ID being per cent and
4 Of October 10 5N pef cant.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23
Investment
Information

Questions Of general interest to
snvectors 1oitl b answered in this
eo!unsn, IN (which case OILY initials
s0M BE- ussd. Others will be an
sUered BY mail. Address all in
gnsTses, Enclosing a stamped, 3D.
ayessed envelope. to Financial Editor,
10 Tr!b*ws, 1871 Nassau Street, Nss1
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23
Better Showing Expected Of d. & H.

Question Kindly give me your advice rs
to the safety and standing for investment Of
the Delaware e. Hudson Company stock, now
paying per cent dividend; New York Air
Break stock, paying 10 per cent, and Bald
win Locomotive preferred stock, paying
per cent dividend.-J. s. s.
Answer-Delaware & Hudson, during
the period of government control, was
operated at loss to the government
of over $10,000,000 (19l8 and 1919.
Under the new transportation act
better showing is expected. However,
until it Is known what the road will do
the stock. in our opinion, is a specula-
ton. New York Air Brake stock is
speculative. Earnings fuctuate con-
siderably. Stocks of this character are
80 sensitive to earning power that they
arc not, in our opinion, wise invest
ments for the average person. Bald
win Locomotive preferred stock is en-
titled to a good investment rating.
Not Able to Forecast Prices
Question: would be glad to have an sx-
preston Of opinion ~ TO whether there u
any likelihood Of the following stocks ad-
which bought them: Maxwell Motors. 50
WHY'S Overland. S0M; Northern Pacific.
S6X.-F. l.. Mem.
Answer-Wise indeed--or perhaps we
should say lucky indeed-is the man
who can with any degree Of accuracy
forecast prices in the securities mar
ket. We confess our inability to do 80.
The stocks you mention are so subject
to speculative influence that they can
be depended on to keep pretty close in
limo with the upward or downward
swings Of the market in general.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23
Stock Exchanxe Seats Sold

Lee NossnbsrR has purchased The
New York Stock Exchange member
ship Of w. T. Colbron for 100000 and
Louis Nelson ahs seat Of A. +. Thur
her for $4,000. Frank B. Coolsy, n.
A. Mc0oldrick, j. G.. Gilts and n. n.
Rosetta wsrs slsstsd - msmbsTship on
the exchange.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23
Holly Sugar Stock
Hercules Paper Company

Question: would appreciate advice as to
the merits Of the Hercules Paper Company,
q security that is being handled on the New
York Curb 1t has been rumored that this
course Of the last few months The paper
mill understand. is located somewhere in
the Catskill Mountains.--J. A.
Answer--We are informed that the
Hercules Paper Company, capitalized at
100000 shares, no par value, has &C
quired control of several paper con-
Germs with established earning power
and is making further purchases. No
financial statement has been published.
1t is said that the company is operating
day and night to fill the demand for its
product. Estimates of net earnings run
as high as 81 100000 for the year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23

dan
Osars% Cumulative SminFu Perre
d Commons
without pawu The
he Ma to pmds
Of dca Common Stock
d referred hck
uarahGf odgnuyaua hed
Consolidate a.
o. he shows net It to @ within auyd
ab fol the Of overs ummh O. Notes a nt eueemg oand
O
to h p will revert
Company is to be allowed hnninr
" or
thu Young Re warrant g
n earnings nbe
a ph h ~ nkEdL
Deb 117..$l
Decor b
In the
the
complete u in the nmduMy.
y
Mes1sRus hmoreB sbe
n he frs which will
eand reehed byua
lbe detoE bothh Ndesm
We offer these Notes dappova of couneL
when rcive dbyua
90 and accrued interest to yield approximately $50
BLAIR Inc
KISSED. KNNICUTT & CO.
VIM A. READ CO. J.& ".
SPENCER & WHITE WELD & c0.
ILLINOIS TRUST SAVINGS RANK
~ cob ns~~ xh4AaseA~a nh,da
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23
Meaning Of Stock Dividend

Queston-Will you please explain why
when 100 per cent stock dividend is de-
the price it commanded before the stock
dividend was declared,Sbu on the contrary.
goes up? If corporation issued 100 shares
ana b.yc ten snars; thai
same hold good If 100 per cent stock
dividend is declared and receive ten add
tional shares? This would then make my
holdings twenty. shares, which still con-
Owner.--AR. B.
Answer-The declaration of stock
dividend usually means the dividing up
OF part Of company's surplus among
the stockholders. The stock usually
discounts such declaration, as was
the case with Crucible Steel, which de-
clared so per cent stock dividend.
After the stock sells Eek" the stock
dividend the price would depend largely
upon the dividends to be paid on the
new outstanding capital. After the dis
bursement has been made the stock
must find its level according to earn
ings, etc. Ones proportionate owner
ship In a company is not affected when
stock dividends are declared.
Holly Sugar Stock
Question--Can you give me any informa-
tiOI ABOUT molly sugar l nave some SnareS
and ] an, in doubt whether to sell or hold
for high prices. 1t seems that all sugar
stocks are going TO be higher, according to
the brokers,--D. Fl. d.
Answer--Most Of tho sugar com
panies arc enjoying great prosperity at
present. Holly Sugars earnings are
said to have been better for the year
ended March 81 last than for the pre-
vlous year, when over $11 a share was
earned on the common stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23

Five-Year Secured 71595 Convertible Gold Notes
November
a interest eeemedon rp1ornMa
part threE rMah
al toe purhaa uchedh eNuesno
b Oandi
f the MrmaF Federal 1nuneTax
be obliged to Coupon
Of Notes. ugsue
nations OF mmHpM MaefTo
authorized
Kand
TRusrC of New
OR information regarding Notes April
49, 1920 reside the Corporal onwhich heba
dbreAya
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23

>, o.ooo... >. 1871
5000. ..... So
DO IS St Louis div
1000. 60
do % Mob 4 o div
LOCO, ..... 53T
Term R r Assn of
st l. Is
1000. 81
Texas & p LIST IS
5000. 7bss
Third Av rfr As 20
da'o y ass
1900. ..... 45
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-23

*
Omaha daily bee., 1920-03-08
,Manicuring Lions Nails
Is No Job for Y0unQ Lady

Cincinnati, Ohio, March Ten
men and considerable maneuvering
were necessary to manicure. the
nails of Nero, the big Numidian
lion at the Cincinnati zoo, recently.
General Manager Sol Stephan
found nails on Nero's forepaw had
not been manicured for three or
four years. In the jungle manicur-
ing is not necessary because the
earth is soft, but the cage floor is
oak and the nails become ingrown.
Nero objected az strenuously as
possible, but the operation was COM
'pleted with the aid of blacksmith's
nippers. Biting the iron bars of
his cage during his rage would
have injured Nero's teeth, and to
prevent that q piece of soft wood
was thrust between his jaws when
he showed disposition to bite,
Nero was forced to the front part
of his cage by means OF = sliding
false back, which was pulled for
ward by means of a block and
tackle. The operation occupied only
a few minutes, but the preparations
tor II required several hours
Omaha daily bee., 1920-03-08
Editors Throughout Country Praise
! Pershing as Soldier and Citizen

who served in France will make It
his boast that he fought with
Pershing." Certainly every Amer
lean citizen who is loyal to his coun-
try and its causes glories III the
record made by the gallant army Of
America in the great war and by
its Competent and soldierly COM
nianding general.
"The choice of John ]. Pershihg to
be head OF the American expedi-
tionary forces was most fortunate. II
is to the credit of the president and
the secretary of war that the selec-
ton was made solely on the ground
of merit and that they gave Persh-
ing the authority of generalissimo.
He discharged his great trust with
fidelity, courage, boldness and dip
lomacy and with full understanding
of the magnitude of his tasks and Of
his obligations to our allies.
Sometimes we hear that Persllink
Is not popular with the soldiets. 1t
is the weapon of envy and detrac-
ton. 1t is not in any sense dis
creditable to him; it would be dis
cieditable if he had as soldier
courted popularity through the arts
and devices OF the politician. What
Pershing was thinking of in France
was service, not fame; achievement,
not ease; results, not explanations;
victory, not immunity ..
"To the soldier in France Perish
ing was efficiency plus. The soldier
had confidence in himself and in the
armys and not small part of his
confidence was his belief in his cause
and his trust in Pershing. He knew
that no needless sacrifice would be
made; but he also knew that any
necessary sacrifice would by no
means be avoided. Every move
nlent was carefully timed and mea-
sured and aggressively prosecuted:
and for that reason the war ended
in a minimum of days, and even with
minimum of effort after the Amer
leans got into action.
What the American soldier knew
then about Pershing, the American
citizen knows now. The country is
grateful to him and gives him high
place in its affection, respect and ad-
niration. Portland Orsgonian.
Omaha daily bee., 1920-03-08
EXPECT TO GET Z
THROUGH WITH
PACT THIS week
Administration Forces Ready
to Agree to Any Compromise
Which Exempts All But
Moral Obligations.

chse>ss 1ssbans- -omaAs iss 1sasss Wire.
Washington. March 7.--1hat The
peace treaty with It's league OF ma.
tions covenant will be disposed OF
this week IN the senate is the gen-
eral expectation.
The debate viii Be resumed to.
morrow with Senator's Borah and
Hitchcock endeavoring "a. hasten &c.
ton BY immediate consideration 81
the article 10 reservation and Sen
atof Lodge. insisting upon the dispe-
sitlpn OF all other reservations hfst.
The deadlock between the ma
jority Of the senate and the pfesi-
dent on article 10 continues unisn-
paired. The president is intent Upon
observing the moral obligations,
which. he said, is more compelling
than legal obligation Of the United
States to preserve the territotiai in
,egrity and independence Of other
nations.
Stand for Exemption.
The majority OF the senate u in.
tent upon exempting the Unitfd
States from any inors! or legal obli-
CATION OF this character and believes
Il Is supported therein by the over
whelming sentiment OF the country.
The administration forces are
ready to agree to compfcnise
which exempts from any Obligation
but a moral one. Senator Lodge
and his supporters are ready TO
agree II the exemption is extended
Omaha daily bee., 1920-03-08

Tar -macadam has given the best
service Of any kind Of street paving
tried in Calcutta. f.