davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-08-18
Associated Oil Earnings Up
Surplus for Six Months Shows
Gain of More Than 100000

Surplus of the Associated Oil Com
pany for the six months ended June
80, after charges and Federal taxes,
was $3,635,442, equivalent to s914
earned on the 39,755,86o capital stock,
according to financial statement
issued yesterday
This compares with a surplus of
$2,992,582, or $7.48 earned on the S39.-
960,704 capital stock for the corre-
spending period of 1919. Income after
expenses for the period was S6,540,781,
an increase OF s1,143,373 Surplus after
dividends was S2442,76l an increase
of S444,087
President Shoup, in his report to
stockholders, says that during the first
six months period the company exer-
cised its option for purchase OF prop
erty of Nevada Petroleum Company,
acquired the property Of the Oil Ex-
ploration Company and added to its
mineral rights and fee holdings 2,167
acres in California, 4,l60 in Texas and
$50 in Wyoming and Colorado, and that
the company has thirty-four wells
drilling in California, Wyoming and
Texas.
Current assets June 30 exceeded cur
rent liabilities by s1O,e55, 1873, of which
s2,033,936 was cash and United States
Treasury certificates Of indebtedness.
The company owns Liberty bonds. in
addltionramounting to 1922, 109, it was
said.
New-York tribune., 1920-08-18
Bell Systems Growth
Greatest in History
Thayer Says Improvement Will
Continue as Plans Now
Made Mature

"There has been a marked improve
ment in the Bell systems service to
the public and this Improvement will
continue as plans now under way ma
ture," said II. B. Thayer. president, in
his report to stockholders yesterday.
The regular quarterly dividend of 81
share was declared at the meeting of
and Telegraph Company.
port on the operation Of the system
for the twelve months since the end
ing of Federal control.
During that period, he said, the bust
ness was confronted with an acute
shortage of materials and supplies
caused by disorganlzatlon OF pro-
duction and transportation such as
this country has never before expert
enced. To meet difficulties in the way
of providing needed facilities for the
unprecedented requirements of post
war business every known engineering
expedient was employed and every pos
sible source of supply sought.
Telephones were installed as prompt
ly as usual and the untitled orders
were more than 900 above normal,
he said.
The Bell system made the greatest
growth in its history, some 100000 new
telephones being added during the
year, he asserted
Thereswas an increase in operating
expenses which was met throughout
most Of the system by the revenue
from new business and from necessary
rate revisions. In few cases the in
creased costs are to be met by rate
changes which are still in process of
adjustment, Mr.. Thayer concluded.
New-York tribune., 1920-08-18
Curb Tone Heavy
In Quiet Session;
Prices Irregular
General Asphalt Depressed
Again, but Other Indus
trials Are Generally Firm;
Many Weak Spots in Oils

Trading on the curb market yester-
day continued dull, with small price
fluctuations the rule, and there was
nothing in the news developments to
suggest that improved conditions were
stocks, industrials held fairly steady,
but the oil group showed many weak
spots.
General Asphalt was under pressure
again after advancing fractionally in
the early trading to SO. When offer
ings became numerous later the stock
was quickly pushed down below So,
where it steadied for a time. Pres
sure was not lifted, however, and re-
cessions continued until the final sale
at 48A, net decline of more than A
points. Other industrials escaped the
sagging tendency, Hercules Paper
making a slight net advance at 261s.
North American Pulp and Paper
drifted in narrow range and finally
held a slight net advance. United Re-
tail Candy was easier and sold off from
~ to 11A.
Carib Syndicate failed to maintain
early, strength and was off a point at
the close. Simms Petroleum and White
Oil were slightly stronger and regis
tered small gains for the day. Mid
west Refining was UP 2 points. but
Maracaibo Oil was under pressure
and Welded ~ to 17la. Cities Serv-
ice Bankers shares continued in good
demand and sold up to 331a at one
time, a good-sized advance over last
weeks low figures. The August divi-
dend was 42 cents share. Gross
earnings for the company for the first
six months of the year amounted to
12,743. .299, an advance Of S1,980.4S
over the first half of the preceding
New-York tribune., 1920-08-18
Aetna Explosives Stock
Purchase Plan Approved
Company Expected to Buy 25
2. c. of Stockholders Securi.
ties at SI2 a Share

All the details of the plan under
consideration by q committee of di-
rectors of the Aetna Explosives Com
pany for the distribution of assets and
retirement of a portion of common
stock have been agreed upon, it was
said yesterday.
The plan will not require the ap-
proval of stockholders, according to
one director, but can be made effective
by the vote of the board
1t is believed that the plan to de-
clare a large dividend on the common
shares has been definitely abandoned
by the board. 1t is probable that q
plan calling for the retirement of %
per cent of the outstanding common
stock will be substituted. In other
words, each stockholder may be Of
fered the privilege of selling to the
company 25 per cent of his holdings
at $12 a share.
Benjamin B. Odell, president, in his
Surplus funds which are now in
vested in demand loans, government
and other securities, aggregate 49,
l96,718.
with the funds which came into
the possession of the company there
has been desire to extend the scope
and nature of the business, and various
propositions have been submitted both
for the enlargement &C our manufac-
turing property and for participation
in other business enterprises. Inves-
tigation, however, has led your board
of directors to the conclusion that it
was best, for the present, at least, in
view of the present condition of the
money market, not to exhaust too
largely the funds which are of more
or less liquid character, but to defer
action until more settled conditions
should prevail with more certainty as
to the character Of that which has been
presented for the consideration Of the
company.
This has not deferred the directors
from investigating the possibilities of
improvement in the manufacturing
facilities of the company whereby in
creased production should follow with
a consequent decrease in the manu-
featuring cost of that which was pro-
dIced -
New-York tribune., 1920-08-18

Stanton Oil Needs Money

cents Tnti r%centy 9@aTf have W reeevsd @ ID
weekly circulars predicting all sorts Of
good things for the stock owners and urg;
herewith their last two circulars. il you
care to look them over. My object in
writing 10 you at this time is to get your
opinion. l personally visited their office
at 80 Broad Street and must confess that
l did not like the looks Of things.--H. G.
Answer-The Stanton Oil Company
needs money. There can be no doubt
about that. The engineers report
states how much trouble was encoun-
tered in the development of the prop
erty, and then tells the stockholders
that they must raise more money. The
president gives a glowing account Of
its future and that further invest
ment in this property will prove prob
ably the most profitable you have ever
made, and aside from this will bring
great added value to those shares you
already hold. 1t is the intention to
place the Stanton Oil Company on a
dividend basis Of 8 per cent per an
mum, payable quarterly. This means
that the 225 shares you will purchase
for SIS will yield you at the rate of "a
per cent per annum on the investment.
The president is certainly optimistic
Perhaps there is reason for it, but it
seems to us that when a company is so
badly in need of funds dividen talk is
rather out of the way. If you care to
see this matter through it would not
be very expensive, to be sure. If it
came to nothing you could charge it up
to experience.
New-York tribune., 1920-08-18
Young Woman Bought G., w. & w

, Vuestion--Am young woman and some
,n Irme a ago was advised to invest my saw
Wigmore at 90 I was convinced that the
management was very able and conserv-
alive bought, and Immediately after
the dividend stopped. have held on
under the advice Of the Same party. /
new see that they haye issued very bad
r5,.; rep3rt; May | ask your opinion about the
and do you think it advsa BILE to sell my
shares Miss E. I. G..
Answer-Of all the stock sold to the
public during the last few years few,
have proved as disappointing as
that of CASTOR, Williams & Wig
more. When the underwriters first Of
fered the stock it was stated that divi-
dends at the rate of 6 per cent would
probably be inaugurated. Shortly
thereafter dividend at the rate of 4
per cent was paid. This was the first
disappointment, if we do not consider
the manner in which the stock was
fioated, for, after offering stock to the
public at a figure which showed con-
siderable profit to the underwriters, the
stock broke badly on the Curb, show
ing no support to speak Of. The COM
pany lost large sum on its Russian
contracts, and since its inception there
has been nothing of an encouraging
nature for the stockholders. The last
report, for the year ended April 80,
1920, showed that there was a deficit
from operations of S1O41 ,169; pro-
vision for doubtful accounts, depreci-
alton, etc, $8,0S5,965; provisions for
losses in investments, etc, S2125.OOO;
provision for loss in outside invest
ments, S150,000; a total of S6,4O2, 1876.
inns turns surplus on April 80, 1919,
OF 81 ,62O,93S into a deficit on April 80,
1870, Of $4,931.197. The company paid
divldends during the year of s15O,0OO,
which might better have been saved.
However, the directors of the company
have a plan by which the declared
capital of the company Will be reduced
to figure (which will fairly represent
Its net worth when the losses. for
which reserves have been provided
have been fairly determined This re-
adjustment would enable your company
TO show its future earnings on it's basis
OF capitalization on which earned. and
would permit g return to you in the
torn OF dividends as soon as the earn
lngs should justify" Something more
tor the stockholders to look forward
to. The stock has sunk to such a low
level that perhaps it has somewhat dis
counted the present situation, and it
may be that if you can afford to specu-
late you may be able to obtain more for
the stock later on The Tribune has
published several articles in this col
umn regarding the company, and always
ADVISED against purchasing the stock
Tor investment purposes.
New-York tribune., 1920-08-18
Cant's See Why He's Better OF

Question-1 owned thirty-two shares Of
American Tobacco Securities which ex-
changed for eight shares OF American
tobacco common The American Tobacco
Company, as You know. say that they de-
clared rs per cent dividend payable in
common stock b. which | have received
making me own eight shares common and
SIX shares of common b. What ! would
IKE TO know is where does the rs per
cent dividend come from ? There must be
a nlgser In the woodpile or finn fam
game or some kind, the way l see it,
VIII ten You why. The American Tobacco
securities which exchanged, thirty-two
snarcs, paid D per cent, or $3.50 per year.
m lhe elght shares American Tobacco and
stN s shares American common Il will pay
80 Saoo Pc. per year as the American Tobacco
mas just declared per cent dividend
guarteriy' If you can show me where the
20 per cent dividend comes from | surely
Will be much obliged-A. V. D.
Answer When company declares
stock dividend it means that it is
capltalizing part of its surplus. The
American Tobacco Company paid 20
per cent dividends before the distribu-
tlon: After the rs per cent stock divi-
dend the rate was made II per cent on
the new capitalization. No one, we
think expected the company to con-
tlnue the former rate. The same thing
was done in the case of Crucible Steel.
AS stockh older you were a part
owner of this uncaptalized surplus.
Your position was unchanged after the
dlstrlbution, except that your interest
was then represented by more actua!
outstanding capital. Your income is SO
greater as things stand now.
New-York tribune., 1920-08-18
Worsted Plant to Close

WOONSOCKET. R. l., Aug. 1.-THE
Dunn Worsted Company to-day an
nounced that it's plant would close
Saturday until September T. Four hun
dred employees will be affected. Dull
market conditions are given as the rea-
son for the shutdown.
New-York tribune., 1920-08-18
DIVIDEND NOTICES

40 Wall Street.

New York CITY. July 2slh. 1920.
COMMON STOCK DIVIDEND NO IL
The Board Of Directors OF the STANDARD
MILLING COMPANY have to-day declared
a quarterly dividend OF Two Per Cent (en1
ana also an extra dividend OF Two Per
Cent GEO. upon the Common Stock OF this
Company both payable on August 3lst
1920, in cash to Common Stockholderx or
1920. "Ns 1s1 @1ss.
Checks Will be mailed
JOS. A KgA<~ ~>u-.-
New-York tribune., 1920-08-18
Standard Oils
Other Oils

Sales. Open. High. Low Last
$50 *Std Oil Ind. $50 GO go
New-York tribune., 1920-08-18
Answer When a company declares
Has Loss in General Motors

- Question-I have held eighty shares Of
20 since February last on margin
originally I owned forty shares of the
per cent debenture, average S99. To
save about $3.50 I exchanged my forty
shares Of the per cent for the per cent
stock. To do so I had to buy forty shares
Of the per cent stock par raising my
verase of eighty shares to 95, I figured
the I per cent stock. when IL came on thu
big board, would easily reach 95, allowing
me to get out even. My dIsappotnrmenc
has been very keen. since then / have
put in about $ 0O0 and am .,till dtgg.n.r.
to carry, after deducttng all dividends. At
the present price. $50 would you ADVISE
buying eighty shares, trusting TO luck II
will hit IS. or shall sit tight ,nI wal.
to get out at %? ] realize it Will take a
long time and that [ will have II put uo
more margin. or would you advise ne
to drop all, take my losses ami forget all
about it?-F. j. +.
Answer-Yours is problem dealing
with speculation. The Tribune makes
no attempt to give advice upon specu-
lation. We certainly should not, how
ever, buy any more stock and trust to
luck. You might find yourself deeper
in than ever. 1t seems to us that the
thing for you to do is to make up your
mind whether or not you can afford
to speculate. If not sell out and charge
it up to experience. General Motors
debenture stock is fair investment
and all forms of investment have been
depressed. Already there appears to
be slightly better demand.
New-York tribune., 1920-08-18
Investment
Information

Questions Of general interest to
investors ,oill be answered in this
column. in which case only initials
~tH DC used. Others wilI be an
stoered BY mail. Address all in-
qn'r1es, inclosing stamped, 3D.
dressed envelope, to Financial Editor,
Ihe Tribune, l54 Nassau Street, Nev
York City.
New-York tribune., 1920-08-18
burmese Great Fish Eaters

sa.isoooably in no country in the
haa are fish more largely consumed
ess, e,,sd, or in the form Of fish paste. is a
'1s0mitant Of every Burmese meal.
New-York tribune., 1920-08-18
]. G. Penney Company Sales

The J. c. Penney Company, Inc, re-
ported sales for July of S3,27S,342 an
increase of S2,324,71O over the sales for
July, 1918, and sales this year to July
81. OF $1s.12s, 1856, an increase of s5,-
oos,a74 over the corresponding period
last year.
New-York tribune., 1920-08-18
Chicago Nipple Mfg. Co.

Net earnings OF the Chicago Nipple
Manufacturing Company for June were
s22,500, according to statement
issued yesterday. The company owns
exclusive manufacturing rights on the
Vulcan valve, and is said to have about
completed plans for manufacturing on
a larger scale.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-10-18
CHATTER l
Tho STREET of Strange Faces

| TIE DARN ANlNNtaik
The way OF the thing waa ever
the same II bofcli without warn.
ing; this shadow life which nct her
50 widely apart from all tho rest OF
humankind.
On ahead waited that turning In
her psychic life which nhe called the
Dark Corner. And 40 the Dark Cor.
ner drew near. tho TRANSMISSION
which she termed tho Change was
effected by what may only be de
aoribcd as CONFUSION Of her very
soul
Now she was no longer herself.
but another woman. a strange wo.
man clothed IN her own f1cah but
in no other way akin 10 her Self OF
everyday. Yet incomprvhennibly.
consciousness ~ tho old self identity
survived. and though taA sho con.
ceived 80 dispo.aessed from It's body.
her Self continued by her new body's
side. obscrvanL critical. intrigued.
something amused
In this wise rounding the Dark
Corner. she passed into that place
which she had named the Street OF
Strange Faoca.
II. I.EoSoRA
The strangvst thing about tho
street OF Strange PAGES was that
neither II nor any Of it's Faces was
really strange.
The Street never wide. was the
narrower for its double rank Of
pushcar,s. Between these an &C.
casionai automobile went einEcriy to
spare tho multitude OF urchina.
Tho girl went her way with a con
scious smile bred OF knowledge that
she was dressed In her very newest
best. garments OF n cut and cost
such as tha street seldom saw but
Il saw them now and gave tongue
TO comment.
Though the width OF tho street
was between them, she Was aware OF
two plain clothes mon who turned TO
stare. But let them rubber: they
hadn't anything on her.
The stress OF her attention was
due To consideration far more
weighty: and when. at crossing.
she deserted its cause. rho stopped
in dismay.
on the far corner a tall man. sim
PITY clothed. stood. head and shout
dcru lifted above tho crowd. Ills
profile was sharp. tho silhouette Of
an asc~tic. grayely fine. And he
was looking for her. she knew that.
too
In a furry she swung into the
by.ssreet. seeking 10 escape She
too late
~Ieonorai beg Of you
IL II I. Mario
she stopped with = show Of sur
prise.
s-oh. hello. It's you
Tho man paused. hat IN hand
you saw me. LconorA You
turned up this street 10 avoid me
Lconora. whyf-'
IF you thought that--why'd you
follow mef-
The man iifsed his hands palms
upp~rrnowt. and lot them fall.
You know love you.
have told you. Yc~'-hls ~nuncl
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-10-18
THE DARK MIRROR
By Louis Joseph Vance

/ alton grew more rupid-"and you
are not indifferent 10 ma You
never said no. but
know"
''oh. like you all right
''No. more than that. too much 70
wish 10 hurt me In Il not sol"
-why. don't want 10 hurt YOU
Of course. Hut"
'rhen when see you run from
me az n ! were a plague. what am
10 thinkT"
well II you've got 20 know
was In a hurry, I've got date
and I'm, late"
"And am detaining you, For
give me-but let mo 40 with you
little way"
The giri shot hunted giancea right
and left: then said ungraciousiy'
'ph. come aiongr" and turned back.
walking hastily.
Mario put his hand under her arm.
lightly plotting her through the
brawling street
After little while. being IN The
wrong. abe said suiSiiy; II don't
see why YOU'RE always making out
I'm trying 20 pu, something over on
you. never promised ."
True. But you know | am right.
You know what these friends OF
yours are. u you persist. your fate
must be as theira."
Tho man drcw tho girl 20 an un.
willing pause midway down n dark
block. with a windowiesa wall beside
them and not soul near.
And all tho while that second self
20 weirdiy Loonora and yet not Leo
nora OWNED even more clearly than
sho the exqulsit. mettie OF the spirit
that shone out OF Mario's eyes.
Il arm not common man" Mario
was stating simpi. fact. innocent OF
conccit II know the world outside
the one you know. and the men and
women who 1.-Two IN a. arm seldom
mistaken In those who interest me.
And you whom l love l tell
YOU. Leonora. you are no moro OF
this life than I. and you do a wicked
and cruel thing. when you trnmple
down that which Is good In you and
might bring you TO a splendid des.
tiny
Impressed IN spite % herself. she
looked uneaHily away.
Il suppose you know what you
fnean ."
And you also. I mean. you could
love me II you would. and IN the
life I offer you. become your rial
self. not this notwithstanding com.
panlon OF roguon and vagabonds
and worro-' lilo gave an implorinr
gesture. -Ah. Lconora. n only you
would give them up
Il Euens you don't understand
Red would KIN mo II ! chucked
himrs
~fie would never md ron where
I would take you. 10 my home I'm
Spain. or II he ever DID. he would
non dare IN, eeycs 90 you. q Lady.
moving in the world for which she
was born"
In a dun voice she insisted: 'Yon
don't know Rcd I'm afraid
for you. I wish you'd no away"
You care that muchi You love
me. L~onorav-at last
lie was drawing her steadily 20.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-10-18

4 49, ~. A. -
~ hsva a,,,ea go. 49, i,n,hs No,s
she was IN bla arms ana his ilpa
closed ON hers nor "A long breath
she waa n mere thing Of reeunR
senses.
Tomorrow Won will marry me.
and we viii go nway---
en,n. b., ,.auva,ton ., ,.,,., had
,,,,.,'... . .,''..',,', - -
1T mo 30 MATT" pi"Ahe9
You VIII marry mcf'
Il don't know -- perhaps 49, yes, I
will. But not tomorrow--not right
away
sv,v
o,nt '~frg you JUST yet I've
50 :" o'eaN win iV'o :" nc won !
~" ""nn nun uia' p'oA" win
,.e. iNo k"t t"i hu. you can uus'
me- '" p'ohl'n"n' ana : VIII "h soon
=" 's'r : oa'l enc thrust ou'
hss hhhus' tshaihs OH nus arms
iiss'Ao &c, me 10 now. " anybody
IA" VI ana ,"'n isen
lie made sign OF submission. Il
wiz see you aEain--whcnf'
Tomorrow. IN give YOU a ring
about noon and FIX 20 meet you
uptown Homowherea. Now-f'ye got
TO run. Good night dear"
with a n,ckcr,,s sr,t. y, iona.
res. .he ,,rr.s ana ~, ,l,n ~,
slteh, voo,, ,,,,,a o,,,t,- .,s,,,I,,
thr, ,ha .hsso,s.
pu, ~. al, o,,,.,.. 49,, -,
whose constant oompa,v sha was
49,, , N'i' sno "ae
yearn back toward that saIlsn, lone
- -. -, 80 20, sa's'H'' 'one.
IA. oule, bv..,rcet
I~ouora,n vii ,oob ~, ,,,. ..
blanca OF an a,r,ls.. ..n,,ar 20
with m. c,,Jp ...,,r.,c,. =, ~. -.
parcnt hlna ~. .n,a,ed 49,, "a
once been a dwelling Of some ORE.
tsn,iounnc.r hu, now -. saas,',.s
% the aScnse,, 49,. =, a.oas,,,,s..
20 is paiu,ra .isnhos,a '..t,.,as,'s
Table a.IIo,e-p,nn., Vim W. -
--In,ehson a.. -
sho w,a. ,.,., 49,. -
thought. \ vi,,n,,.., =, a.. -,
dining room, pyoV.s 81, -
started nm a.. .,,t..
In the coyr,,,o, a, a.. 49,.
first f1lrb, -. ,nr,.t !. - -. - ~
, IN. houn. ara ~. ,,,,hs., - !.
she knuekied The nsn.i. 80.
knock ~ ,.c,,,,.r ,,,'tn 49,
voice. In ~. ,o,,,, a., , ~
grated. IN. aooY .,,,,,,,. ,. 80,
went in finding h.r.,l, 100 49,
concentrated rega,a !, ., -,
eyes ''" VI
.xsoo, ex.,i,r ,o,..,
r.x.v. '''' my ne"
IN. slirno. ~,
broken after . I,,,I. - ~, - -
han. -yt.iio -, M,
Irnorinr M. ,,,,,.,,~
ped her no.. b., ..., ~
abe wa. ,.,,,.,.,,. - 800
with oul-xsr.t -. '
whats IN. ,,,s-u,--
Red carnehan r.nI,s,. -,o,
yet You're ,v.,,,' ,.,.
what a.ou, ,,--
Enxli.h Aast. x.,s,,, -.
the cigar, f,o,, b. 1890, 'ns
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-10-18
Chicken Bone Sticks
in Diners Throat

After fcverai hours strenuous
medical work. city hospital phys.
lelsns removed from the throat OF
George Bertram. 2os Ninth ave. a
chicken bone that lodged there while
he was eating a chicken dinner at
the home OF friends Sunday night.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-10-18
New Yorker Is Wed
Fourth Time at 83

NEW YORK. Oct Leicester
osterhogdt. 81 years Old. has launch.
ed on his fourth matrimonial VEN.
ture- lie took out license 20 marry
Mrs. Lulu Alice Robbins. who Is "a.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-10-18
|Old-Fashioned Greek
Wedding in Seattle

There was a reminder Of old Attn
ems in Seattle Sunday afternoon.
when Mlrs Effio chacon and Peter
welsh. proprietor OF tho Eagle cafe.
wcr, married according TO the an
Gent Greek wedding csrumony. The
Seattle orock- colony turned out en-
nasro for the affair. which began at
40. and ended with a midnight
dance