davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-12-02
Answer-The Central Leather bonds
Still Likes Gray & Davis Stock

aucstion-About four years ago | bought
il small lot of Gray & Davis stock; for
At the present time this stock is around
$l2 to $i3. VIII YOU advise me whether
you think it would be wise to invest in
some more? The financial condition OF
can't wholly understand why there have
been no dividends although believe that
some Of the pIOfts have gone to improve
ncnts and the paying off of indebt tedness.
1t would seem to me that the stockholm
era should get something for their money.
With the price of the stock where if ia
it seems that now would be IL better time
to invest than four years ago. Any wav
should like your opinion regarding it,
would like also your advice as to Chand :
Ter Motors. Kelly Springfield and Northern
Pacific stocks. Would you advise buying
at this time? do not wish to speculate
in these, although would like to know
whether you consider that in investing in
them there would be some speculative
vaiue.-G. s h.
nswcr-Gray & Davis, Inc, par
value $25 share. last reported for
the quarter ended March 81. 1920.
when the net operating less was $780,
0S3. The president of the company
stated at the time that the unfavor-
able report was largely reflection Of
inability to obtain sufficient materials
to maintain production. Stockholders
approved a contract with the American
i'oSCn MaBnetO company, whereby the
latter becomes exclusive selling agent
and assumes business management Of
the company. The company paid a
dividend of SO cents share last
March, but no action has since been
taken. 1t must be apparent that un-
less great improvement in operation
is accomplished no dividends should
be declared. We regard such an issue
as speculative because. as you NAV
see, 1T is highly sensitive to earnings.
which huctuate considerably over n
PERIOD OF time. These issues are not
therefore, good investments. If Won
average at present prices. your nosi-
tIon may be improved, but YOU are
srecuintlng all the more. The other
STOCKS you mention are very much in
the same class. Perhaps Northern pu-
cillc is less so than the others. To hn
sure, the stock market has recentIv
very severe setback. and
for that reason there may be soma
bargains; But for sound investment
we should keep away from such issues
and purchase only those which are .o
we'll secured that they arc not so sen.
sitive to earnings.
New-York tribune., 1920-12-02
Ryan Said to Plan
No Suit in the Courts

Allan A. Ryan's assets to protect loans
which they have made to the financier
yesterday indicated that negotiations
between Mr.. Ryan's representatives
and the banks looking forward to an
orderly liquidation of his securities
were proceeding satisfactorily. There
were intimations from Mr.. Ryan's side
that he and his attorney at present
contemplated no law suit. 1t became
known that Louis Levy, of Stanchtield
& Levy, former attorneys for Mr.. Ryan,
is cooperating now with Samuel Inter
myer and his associates, who have be-
come Mr. Ryan's counsel.
New-York tribune., 1920-12-02
Maine Banks Resources
Show S25.OOO.OOO Increase

AUGUSTA, Me-, Dec. l.-An increase
of $25, 1884, 900 in the resources Of in
sttutions under supervision of the
State Banking Department was an
nounced by Commissioner Frank L.
Palmer in his annual report to-day.
The total now is 1886 ,253 ,952.
An increase of $4,000 600 in savings
deposits, he explained, was responsible
in large measure for the unprece-
dcnted growth
New-York tribune., 1920-12-02
Dividends
Extra
National Bank Of Con

National Bank Of Commerce--An extra
dividend OF per cent a share has been
declared. in addition to the regular quar-
ttrly dividend OF per cent, both payable
January to stockholders OF record De-
ceInbcr II.
&. w. Helmo Company-An extra divi-
dcad OF per cent has been declared in
addition TO the regular quarterly dividend
OF III per cent, on common ard ~ per
cont on preferred. all payable January
10 stocHholdcrs Of record December 49,
International Salt Company--An extra
dividend Of per cent has been declared,
In addition to tho regular quarterly divi-
dend OF n per cent. both payable Janu-
ary to stockholders OF record Dccen-
ber Is
New-York tribune., 1920-12-02
Penn Seaboard Financing

James B. Warren, president of the
Penn Seaboard Steel Corporation. an
nounced that the recently contemplated
financing of the company had been ac-
complished, and that the company had
disposed Of q block Of it's three-year
per cent convertible gold notes to
group of bankers headed by Montgom-
cry & Co. and Frazier & Co., of Phila-
deIphfa
New-York tribune., 1920-12-02
Equipment Bonds Approved

WASHINGTON, Dec ]. - Authority
was granted to the Elgin. Joliet e. East
ern Railway Company tc-dav bv the
Interstate Commerce Commission -
issue S1,000,00O worth OF euuipmcnt
trust bonds to be used fc- the ,urrhase
of 500 box cars and eight SWITCHING
engines. The bonds will bear interest
at the rate Of 6 per cent and mature
from 1924 to 1888
New-York tribune., 1920-12-02
Investment
Information

Qnestions Of general interest to in-
Oesto7s mill be ans1oered in this csl-
unn, in which case only initials ,oiH
be used. Others will be onsauercd BY
mail. Address all inquiries, tnc!os-
ing stamped, addressed envelope, to
Financial Editor, The Tribune. lSI
Nassau STREET, Ne,0 York City.
New-York tribune., 1920-12-02
New Bill Of Ladinu H..~;r~

"hsHiScToN, Dec. i~-Hearings
,.n on N .h quest'on 1 Of es,abllshing a
ssandard and Uniform form Of bills
be resumed at Chicago, Decemtex ~
it WIS announced to-day Mt the fn,nr' .r'
stats CenmeYcs Commission.
New-York tribune., 1920-12-02
Cotton Exchange Seat Sold

The New York Cotton Exchange
membership Of f. Stradella has been
sold to S. T. Hubbard. it was announced
yesterday The price of $1,000 is a
decrease of $1,000 from the last pre-
vlous sale.
New-York tribune., 1920-12-02
Federal and Joint Stock Land Ranl

TVueT1I and joint Stock land RnnI,
Bonds
,o,oa, r Bid. Ask. Yield.
,,an'as, a2ss-1'22 ;;s -. ssH ssH sos
,,dGassi lSs9,l'24 I,. ,..:.;;. s1A s1N 5.lo
,,.S:h'.i l9ss,1 I; ....:..; ok s17s $40
fcdera Farm Loan 4i2s,
1937-l922 ...... o11 o17l r. o,
Joint Stock Land Bank 5s ''-'
1939-l924 - e1l oon rrs
Joint Stock Land Bank b.. '
1VsS-ls2a ............. e1ia ssh $50
New-York tribune., 1920-12-02
Miscellaneous Markets

Ell Paso Tlec col bs............ 79 SO
Great Western Power LIST 5s... II 79
Midw Utilities 1st 5s......,... 85 90
Mississippi River Pwr 1st 5s. 74h 75E
North Ont LIT e Power 6s. 81 20
Northern States Pwr Gs. 1926. S4 ST
New-York tribune., 1920-12-02
Central Leather Bonds Well Secured

Question-Will you kindly inform me IL
Central Leather bonds are good? I pur-
chased one several years ago at 102, and
lately, and in fact for some years. the
price has been from eight to nine points
below that figure. Would You think it
advisable to sell around 80 and purchase
one Bush Terminal Building bond around
"a 1t would give me some extra money
and the income would be the same. Also
what is your opinion of Utah Securities
Corporation?-(Miss) NJ =.
Answer-The Central Leather bonds
are sound investment in our opinion.
They are a first lien on the property
and are due in 1925. We regard them
as better secured than the Bush Term
inal Building bonds, although the lat
ter are safe in our opinion. We see no
reason for making the change. The Utah
Securities Corporation stock is highly
speculative We do not advise it's pur-
chase. The company's notes offer very
fair speculative investment possibili-
ties, but we do not believe it wise for
you to purchase them.
New-York tribune., 1920-12-02
TO THE HOLDERS
$4,000,
Four Per Cent Gold Bonds, due 1854
OF THE
UNITED STATES OF MEXICO.

Default made in the payment of the interest the
above Bonds due June 1s 1914 and, since January 1914
default has also been made the sinking fund
provided for the redemption of these Bonds
Since the above defaults occurred, we have made re-
peated efforts, behalf Of the Of Bonds
have the and sinking fund instaments paid,
without avail
General Avaro Obregon, who has been elected Pres-
dent of the United States of Mexico and who will
Office December lst reported, however, to have pub
lcy declared that the Mexican Government will
recognize all legal foreign debts debts
will be paid "as far possible"
There a number of foreign Mexican
Government secured and unsecured and given
by which default as large
of other claims against it, which will have be
recognized and provided for by the Mexican Government
We therefore consider it important that the holders of
the above Bonds should unite, without delay for the
and effectua protection of To
end, invite holders OF the above mentioned Bonds to
deposit the with all unpaid coupons attached with
Tie EGuitsbe Trust Company Of New York Depositary
81 Wall Street New York Agents.
before December 3lst. 1920 subject OF
Bondholders Agreement, dated November 22nd 1920
Copies OF this Agreement may be from the
Depositary, a Office. 24-26 Pine Street.
Temporary deposit will be issued by the
Deposary exchangeabe for engraved bearer
Application will be made for the listing engraved
certificates the New York Stock Exchange.
We will make charge depoting Bondholders for
service under the Agreement
New York November 22nd 1920
sPEYER & co.
CADWALADER, WICKERsHAM & TAFT, Counsel
New-York tribune., 1920-12-02
New York City Bonds
New York State Bonds

Issued in coupon and registered form
not interchangeable Coupon bonds repix.
terra bic. ~e'"
New-York tribune., 1920-12-02

United Ry Inv 5s
Pitts issue
2. 600. 67is
un Rds OF 8 r. 4s
ctfs OF deposit
1000. 20
10000. 2oE
u s Realty a. r 6s
4 900. SCIs
The Washington times., 1920-06-28
MAY Be For the Best,'
She Says AS Husband
Dies Beneath 7rai1,

Failing in three alleged attempts
at suicide. Jesse Fl. Klopfer. oO7 b
street northeast, threw himself on
the railroad tracks near Windham
Md, yesterday morning and was run
over and killed by freight train.
His wife, Mrs. Marion klopfer, SAID
at her home this morning: MY pray
er was answered. I'd rather have
him be dead than see him in st. Eliza
beth's Hospital, where ! was told 1t
would be best to send him.
fThree or four times he had tried
to XIII himself. Though he is all
had. II may be for the best"
Sunday. June 20. Klopfer attempted
to asphyxiate himself in his home,
He was discovered. and life was
brought back into his body
Friday, June 70. he was caught
climbing over the rail OF the Ana
costa bridge. He was taken home
by policeman. who advised his be-
ing interned in a sanitarium.
Eleventh precinct police and his
wife declare his wrists were SCARED
from cuts, which are thought to have
peen made in other attempts at sui
eide. At times Klopfer, who was six
ty-one years old. told his wife they
were pin and nail scratches.
Before he visited the Anacostia
bridge, the man asked his wife IL
they would let him take a bath in
the water there"
The Washington times., 1920-06-28
PLAN HUGE MEETING.
FOR SAFETY DRIVE.
"Keep-to he-Right" Campaign
viii Open Here Thursday
For One Week.

A big mass meeting is being ar
ranged as one of the features OF the
intensive Keep to- the Right" cam
paign. the safety first movement
which will begin here Thursday and
continue one week with the backing
Of leading Washington citizens and
business organizations. 1t is plsnned
to have prominent citizens, who are
keenly interested in the drive to re-
duce the number of traffic accidents
which have been growing almost
daily more numerous in Washington,
speak at this meeting.
Other features calculated to i'm
press on pedestrians and drivers here
the vital necessity Of observing traffic
regulations. of which "Keep-to-the-
Right" is one OF the most important
and one frequently violated, are bo-
ing arranged by A. Johnny Mack, the
New York expert. who is In active
charge of the campaign. Mr.. Mack is
In daily conference with w. Pesrce
Rsyner, chairman of the public safety
group of the city Club; Tom Grant,
for many years secretary of the
Chamber of Commerce and at present
The Washington times., 1920-06-28

in charge Of the arrangement for the
national convention of the American
Bankers Association next October.
and J. Clinton Hiatt, secretary Of
the Washington Safety First Associa-
ton.
Mr.. Hiatt, whose association, with
the cooperation of Major Gessford.
superintendent Of police, has been
doing valuable educational work.
especially among school children. in
the effort TO make Washington
streets safe for pedestrians and
vehicles alike. yesterday assured Mr..
Mack OF his hearty Endorsement Of the
''K Keep-to-tbe-R Right" campaign.
"Keep-to-the-R Ri Rht" means health
and safety for Washington citizens"
ne said, "ard prosperity as well. Ac-
cidents harm business and are a re-
Election on a city,
I'VE cannot expect our city off,
cials to do all the work In this re
spcct. We must all aid them. 1t is
up to the individual citizen TO pro-
tect himself as well as his fellow-citi-
zens by joining in this movement and
lending its support TO its success"
The Washington times., 1920-06-28
TO ADDRESS CITY CLUB
ON RAILROAD SITUATION

The acute railroad labor situation
will he the subject OF an address by
w. " Doak. vice president OF the
brotherhood OF railroad Trsinmen. at
the weekly forum luncheon OF the
City Club. at 1880 o'clock wedncs-
day afternoon. at the clubhouse, Far
raCut Square.
Mr.. Doak returned to Washington
last night from Chicago. where he
went last week to confer with W. c.
Lee, president OF the brotherhood
and other railroad employe leaders on
the question OF averting a nationwide
strike.
Mr.. Doak's home is in Roanoke.
Va, but he has spent most of the last
few years in Washington looking
after the interests of railroad work.
ers and enIisting the support OF Con-
gress and the White House at critical
moments He Is regarded as the first
lieutenant of Lee.
A general discussion OF the railroad
labor question by club members will
follow Mr. Doak's address. y. A.
whitfield. president of the club, will
preside.
The Washington times., 1920-06-28
PERSH|NG ORDERLY
T0WED YEOMAN (F)
Wedding Is Result OF Romance
Which Began During Train
Wreck in Texas.

An army-navy wedding, resulting.
from train wreck in Texas
Ave years ago, will take place in New
York Wednesday morning. VIXEN
Sergt. Fred J. Walters. overseas vet
eran and an orderly at General Per-
shing's headquarters during the puni-
tive expedition into Mexico. will
marry Miss Florence Adele Kelley.
who served in this city as a yeamcn
(D during the war.
The couple met when Sergeant
Walters, then station in Texas, res
cued Miss Kelley from a wreck cd
train. Then came the war. but CUPID
would not be denied and the romance
sergeant recently was stationed ut
Fort Hamilton. N. Y, near Miss Kc4~
ley's home.
The wedding will take place in the
Church Of st. Benedict Joseph. just
around the corner from Miss Kelley's
home. 9417 11sth street, Richmond
Hill, L. l.
Miss Kelley is the daughter of N.
late Artie Kelley, a comedian. and Is
twenty-six years old. She enlisted
as a yeoman f) August 81, 1918. and
was stationed in the navy buildings
at Nineteenth and B streets nortli1
west. She rose from class to class
1, and was discharged July 81, 1919.
returning to her home.
Sergeant Walters was born in Naw
York and enlisted in the army wh ~
sixteen years old. He served in the
Philippines. in Hawaii. on the Mex'-
can border. in France. and in the
army Of occupation in Germany. He
is now on duty with the quarter
masters department at Fort Hamil-
ton
The Washington times., 1920-06-28
WHISKEY
There's 30 Much. Of II
Here Prices Have
Been Out.
ONLY Sl26 A CASE NOW
Shippers Cause seisure
Of Deooy Lot to Steady
Falling Market.
'NLY Sl25 A CASE NOW

There is not much chance OF a
liquor famine" In Washington for
At least six months.
There Is so much liquor in the
city now that the price has dropped
to sf25 q case for the best grade.
and there 10 = chance that II will go
lower.
This is the opinion OF several
"liauor wise" people In Washington.
who, in the language OF the police.
are known as bootlegssrs.
II 10 explained that Washington
received SO many truck loads OF
whiskey IN recent months the mar
ket has become giutted. Most Of
the whisksy that has been coming
into Washington for the past three
or four months has been shipped
from Philadelphia and other Penn
sylvaniA cities. when the ship
ments were nrst resolved. II was
easy to nnd purchasers OF big lots
at good prices. SO much OF II was
shipped here, II 10 said, that the
price dropped.
Fearing II might so so low as to
make their business improbable,
shippers sent several truck loads OF
poor whiskey here and deliberately
tipped OF the authorities that rum
was being run In. II Is charged. SO
minute description was given OF the
consignment, the time of its ar
rival, etc. the police had no DIM
Guilty In hating the truck as II
crossed the District line.
The shippers used this arrest to
show that II was difficult, to get
whiskey through the lines, and
thus held up the prices.
The big portion of the whisliey
now in Washington was shipped
here between May and May IS.
The latter date was the day of the
Pennsylvania primaries, and IL was
common gossip In several rennsyl-
vsnia towns that permits to snip
whIskey could be obtained II the
proper politicians were seen.
HEADQUARTERS for whiskey ship
pers were In Philadelphia. Here
those in the know conKregated in
several well-known brokers Of
nces and fixed prices just as II
whiskey was listed on the market
The price before May was be-
tween $50 and $50 a case. As the
primaries drew near, the price was
raised. so that on May II. the day
before the primaries. bonded whis-
key was listed at from S75 to $s5
a case, and $50 a gallon in barrel
lots.
The Washington times., 1920-06-28
PLANE FLIES 1900
MILES FOR RECORD
Larsen's AlI-MetaI Ship Travels
From Omaha to New Jersey
Without Stop.

A new nonstop flight record was
made yesterday by the nrst all-metal
airplane in this country. which was
in Washington a short time ago for
by army officials.
The night was cut short by dark
ness. after the airplane had Gown
from Omaha, Neb.. to Pine Va!l-y,
n. j.. fifteen miles east of Philadel-
phia, a distance OF !, 200 miles. owing
TO the fact that the plane lost KS
way number Of times. the ar."al
distance covered was in the neighhor-
hood Of 400 miles.
The plane carried John NJ. Larsen,
owner and a millionaire manufac-
turer who controls exclusive mrnu-
featuring rights of the new plane;
Bert Acosta, pilot, formerly test ptiot
The Washington times., 1920-06-28
AGED CLERK DIES
W|THPENS|0N NEAR
Edward Becker, Veteran OF
Postofflce, Was 10 Retire
Within Month.

Thirty days before he was 10 have
he,n retired with a pensioa, after
thirty eight years OF continuous sery-
Ice as a clerk In the Postofnce De-
psrtmert. Edward Becker, seventy
years old. died late Saturday night
st hts home, 80 X street. Mr.. Beck
er's name headed the retirement list
OF the Postofnce Department, that
will go In effect in August
Mr.. Becker entered the employ OF
the Postofhce Department in 1882. a.
q clerk and for the last several years
he was in charge OF the general de
livery section. Had the retirement
bill gone into effect a month sooner
than the scheduled time. his family
would have benefited by the pension
after his death.
MAY HAVE SAVED LIFE.
II the bill had gone into effect years
ago as the employees say Il should
have. Mr.. Becker would nave been
on the retired list eight years. and
probably would now be in good
health. Under ordinary conditions,
employees are TO be pensloned after
thirty years OF service. lie was the
oldest employe OF the Postoffce Dc
partment, in point OF service, and was
well known In the city.
Mr.. Becker was born in Washington
and resided here all his life. He was
a member OF Potomac Council No. &;S.
knights OF Columbus. the United As
sociation OF Postoffce Clerks, and the
Catholic knights of America.
He is survived by his wife, Mary
Jane Becker, two sons, George 5.
Becker, OF Washington. and Rev.
James J. Becker, 5. j.. OF Woodstock
College, Woodstock, Md, and two
daughters, Mrs. J. Edward Connolly
and Nellie 4. Becker, both of this
city.
FUNERAL SERVICES TOMORROW.
Funeral services will be held to-
morrow morning, at $3.50 o'clock, at
ST. Aloysius' Church, where solemn
high mass of requiem will he ccie-
brated
The Rev. Thomas A. Becker, Of
Boston College. a nephew OF Mr..
Becker. will celebrate the mass; Rev.
George A. Kelly of st. Aloysius'
Church will be deacon and Rev. James
J. Becker. S. j., son Of Mr.. Becker,
will be sub-deacon.
Members of Potomac Council.
knights of Columbus, and the United
Association Of Postoffice Clerks will
attend the mass. Interment will be
in Mount Olivet Cemetery.
The Washington times., 1920-06-28
BROKE?
It's q Simple Matter for
One to Get Money
a-Plenty.
JUST CALL AT A BANK

Every one has had the experience.
some time In his life, Of going
broke" 1t may have happened in
his home town. when he didn't have
car fare and had to borrow money
TO get home. Or IL may have hap
pened in a strange city. when alone.
And he probably experienced diff
Guilty In borrowing money.
The best thing for one to do when
he goes broke. and this commonly
unknown, IL to go 10 bank If he
has an account In his home town
bank, the bank OF the strange city
will advance him a sum short OF 10
per cent OF his account. The aver
age person has an account OF $40.
The bank clerk who furnished the
above information says this is the
most businesslike way OF getting
out OF an embarrassing difficulty.
The Washington times., 1920-06-28

.BUTNOMONEY
President Wilson Asked 10 Help
Customs Employees COL
lect Increases.

Thousands OF Government employees
have been granted increases In pay
by Congress which they cannot get.
This condition. which was chsr-
aeterized as exceedingly unfair"
was this morning brought TO the at
tsntion OF President Wilson by Luther
G, steward, president Of the National
Federation OF Federal Employees.
These employees. entitled TO higher
wages through recent appropriations
OF Congress, are denied such bensfits
because Of law prohibiting them
Under these appropriations, $500. 600
~ss made BILE for increases in
ray OF customs service employees
The laborers OF this service are paid
on a statutory basis under an act OF
March 4, 1903. limiting their pay TO
1910 per year The apparent neglect,
IL is charged, OF Congress TO remove
this limitation leaves the act OF 1909
sim operative, and the Treasury De-
psrtment under the authority OF
which the customs service falls, Is
without authority to grant the pay
increases voted by Congress. accord
ing to Assistant Secretary Jouett
Shouse.
PRESIDENT ONLY HOPE.
The hope for relief now lies with
the President, to whom IL was sug-
gested today by Mr.. Steward that the
customs lsborers be transferred from
the statutory class to a lump sum ap-
preparation.
This situation again reviyes the is
sue OF lump sum and statutory pay,
over which there has been a long
standing controversy. 1t is argued
that many a Government employe Is
denied the advantages OF Increased
salary because OF the law liking stat.
utory pay at a certain amount beyond
which II cannot 20. In spite of added
responsibilities and added work of
an employe, unless Congress author
izes the change.
Many employees testifyjng before
the joint Congressional commission
on reclassincation of salaries urged
salaries be put on q lump sum basis
because of its flexibility. by which
heads of departments. or others in au-
thority have the authority to regulate
an employees salary according to
arising conditions.
OPPOSES LUMP SUM GRANTS.
Congress always has favored statu-
tory salaries, because through lump
sums the matter of salary appropria-
tions would be taken out Of the con-
troll of Congress in so far as indl-
vidual cases 60.
Uncertainty exists as to whether an
Executive order can change the pres.
ent condition. II IL cannot, many
employees whose salaries are hxed by
a law more than ten years old win
continue to receive their low pay in
spite Of the increased cost of living.