davidaulloa/AmericanStories huggingface dataset:
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29
1o1 BAL1.
NoT1oA

Notice is hereby given that q meeting
Of the owners Of lots In Mt. Wood cent'
etery. located in Washington district.
ohio County, West Virginia, viii BE- held
AT tn. council chamber in the city hu.Id.
ing Of the City Of wheeling on
THURSDAY, THE 9Th DAY. OF
JANUARY. 1921.
at 1880 o'clock p. M; for the purpose OF
eIecting a Board Of nine Trustees for
said Mt. Wood Cemetery Association
and such other business SO may come
before the meeting.
MT. WOOD CEMETERY ASSOCIATION.
By CHARLES H. MILLER
WILLIAM ELLINGHAM.
d-e-tf Surviving Trustees
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29
nSC1IEAH1oug.
PROPOSALS..

L. 4 Engineer Office, wheeling, W.
va.-Structural Steel, Forgings. Stee!
Castings, Etc.-Sealed proposals VIII be
received here until IL n m. eastern
time). january ~. 1921, and then opened.
for furnishing and delivering structural
steel. forEings. steel castings, etc, Tor
trcstles. aprons and horses for Dams or
Kanawha River. Information on April.
cation. d-21-29-29-3o-ja-2b26
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29
STOCKHOLDERS MEETING.

Tho annual meeting Of the StocKho'o-
ers Of The Bloch Brothers Tobacco COM
pany WILL bc held at their OFFICES corner
rorty.flrst and Water Streets. Wheel
ing. W. Va, between the hours OF ii
o'clock q III. and o'clock p. m tues
day January llth. 1921. for the election
nr A Board Of Directors. and FOR IN"
transaction of any other bus mess tHat
NAV properly come berorc tn" n"ei!nS.
A. o. MAXWELL.
dooIns Secretary.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29
employees OF CITY
RAISE RELIEF FUND
Contribute $50 to Aid Family whose
Home was Destroyed BY
Fire.

When the pl!gh; OF the Scal!y fanny
~ Mount Wood road was learned last
week. 4 fund was started among IN"
employees of tho city and up 10 las:
evening a neat sum had been collected,
which will h. turned over 10 IN" fam
lily the fist oC next week.
The following il tho list Of coHtr.bu-
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29
Answer to NO, 6l4,

Jeremiah's age plus one-half and
one-thrd OF his age, Plus nine years
equals 100 Yeas. according 10 his state
mont. Therefore eleven-s!Xths Of his
age Is equal TO l2l years. and his agr
~ 81. The little girls age must have
been eleven.
Copyright. 1920, by sam Loydr
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29
DEATH ZOE THREE

';-e"nEi'ir. ph'U. Lee. "S.--pitn ,n'-
hart on. 50. Richmond Ind. hls wife,
ana daugh''~ Helen. aged SIX. w"r" in
siau;'v Kidd a.; Harr'svtl". Indiana.
rf'"en miles west o: here. today when
their automobile was demolished by q
Nis Four express a. crossing
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29
USED Yo1D oAIs ron 1ALI.
srooHo1Dnxs 1m1ruro.

The annual meeting Of the stockhold.
ers OF the Wheeling and Belmont Bridge
Company, will be held at the office OF
the company. on Monday. January 10,
1921, between the hours Of and 4
o'clock p. m. for the election Of man
ayers to serve during the ensuing year;
and such other business as shall como
before the meeting. =
JOS. LAWSON. Secretary.
Wheelin. IS. Va, Dec. ~. 1920.
d-27-u
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29
BRAIN TESTS
By SAM LLOYD. !
! MINUTES TO ANSWER THIS

MINUTES TO ANSWER THIS
NO. 6l5
The answer 10 each OF the following
questions Is a word containing somu-
where eat"
What cat is q flower.
What cat IS whip"
What CAT means !nvolN cd?
What cat means 10 form q judgment
beforehand
What cat means 10 choke?
What cat means 10 abandon"
What ca; means beScechinC?
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29
NO 70 G.

5 he the Wheeling has
Of nf
above
o their Respective '''''''
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29
wAETED-AQENTS

whETED--Large manufacturer wants
agents to sell hosiery. underwear,
shirts dresses. skirts. waists. shoes.
clothing &C Write for free samples.
Madison Nils. sos Broadway. New York.
a-l-0oWed
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29
FOR RENT.
FOR RENT

FOE RENT furnished housekeeping
rooms ON Island and on Chapi!nr St.
also "nG very sinai, sleeping room. 1923
chauline st -d-"9-h d.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29
An 5' Ssss Wess

,. above named nomcd that tney are Of said
I,rspcc
-
Dec-29
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29
DIED

ooLLAER-Suddenly. on Sunday. De-
ccmber 2s, 1920, at $40 o'clock a. 70.
street, ANNIE. wife Of the late An
thony Gollner. In the 67th year OF her
age.
Funeral from the residence Wednesday
morning $3.50 o'clock. Solemn high
mass ST. Joseph's Cathedral 8 o'clock.
Friends are respectfully invited TO at
terry.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29

The school OF experience gives out
no diplomas.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29

LoST-On Rayland car. Dec. q. be-
tween and 6. patent leather pocket.
book containing a sum of money. Call
81 Bridgeport or leave 209 Bennett St.,
and receive reward. DISH
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29

The UH!,cd states Army . looking FOR
musicians. W!,h tho shooting business
slack. :A..y have t;o1- N cor footing.
Another drop - egg prices might In
tcr"St F-!"nI wife. Lu: auurrcr drop -
IA" cellar always 7ni-ads :" Friend hI~-
hand
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29

WANT1p-Men and women to sell self
LOST AND FOUND.

LoST-On Xmas evening. patent leather
purse. containing keys. car tickets
and small sum Of money, between Bridge.
port and Stop Barton line. Reward
for return to this office. d-27-l
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-12-29
Hoo1U WANTED

wANTED-Room In private family, BY
married couple. Write /. +. L., care
lntclligenccr. d-e8-i
New-York tribune., 1920-06-14
Slight Increases
Are Reported in
Commercial Loans
Reductions in Holding of
Treasury Certificates and
War Paper Also Shown in
Reserve Boards Report
From Tho Tr1bure's woshsnotor Bureou

From The Tr3bure's Washington Bureou
WASHINGTON, June 13.-Moderate
increases in commercial loans are
shown by the Federal Reserve Boards
weekly statement OF the condition of
SOB member banks in leading cities on
June q. The statement records further
reductions IN the holding of Treasury
certificates and of war loan paper, ac-
companied by larger increases Of bor-
rowiugs from the Federal Reserve
banks
United States bond and Victory note
holdings show nominal increase Of
l.5 millions, while holdings of Treasury
certificates show a further decline OF
Of 9.8 millions for the member banks
in New York City" said the statement.
Loans secured, by United States war
obligations war paper) declined 176
millions, largely in New York City, and
loans secured by stocks and bonds AS
millions, though the New York City
banks report an increase under this
head of Sd millions. All other loans
and investments, made up largely Of
commercial loans and discounts, in,
creased by 80.8 millions, and slightly
more in New York City. AS a conse-
quence, total loans and investments of
reporting banks show an increase for
the week of 45 millions, as against an
increase Of 1872 millions recorded for
the member banks in New York City
"Net Withdrawals of government de-
posts for the week totaled about %
millions, while other demand deposits
(net) show a decline of 24.1 millions
for all reporting banks and of CAB
millions for the New York City banks
Time deposits show gain OF 22.3
millions, all outside of New York City
Total accommodations at the Fed
eral Reserve banks increased from
2,06o1 to 2,o91.9 millions, or from 121
to 1922 per cent Of the total loans and
investments Of the reporting insttu-
tions. For the New York banks this
ratio shows an increase of from 10f
to ia per cent. OF the total paper
held under discount by the Federal Re-
serve banks for reporting member
banks, the share Of war paper was So
per cent At the New York Reserve
Bank this share was about 67 per cent
Federal Reserve balances show an
increase of 99 millions for all report
ing institutions. For the New York
City members decrease in this item
of about millions is noted. Cash il
vault, largely Federal Reserve notes
increased 222 millions, all classes of
institutions showing additions under
this head"
New-York tribune., 1920-06-14
Holdings Are Mostly Speculative

Question: will thank YOU to advise me
as 70 the merit Of the following named
ago and at much higher prices wish
u know II you consider it advisable to
scll ct present prices or keep them.
ern, Oklahoma Producing and refining
Southern Pacific. Union Pacific preferred.
have been informed that tho American
Tobacco Company has become financial y
interested in the Norfolk Southern Rail-
road. and am wondering what effect this
may have on the future az this railroad
DO you think there is any possibility OF
baltimore & Ohio not continuing paying
the usual Per cent divided which this
road has paid on It's pretcrred stock for
yearsr DO YOU not consider that Union
high class bondr-C. L. j.
Answer = Union Pacific preferred
stock is entitled to very good in
yestment rating. Southern Pacific,
while speculative, is company having
large interests in railroads, steamship
lines and oil fields. 1t has been q good
Garner in normal times, and has done
rather we'll, even under government
control Of the railroads. We DO not
recommend the stock for investment,
however, as it is subject to wide fluc-
tuatons Norfolk Southern, a small.
road, is largely dependent upon the
proposed increase in rates. We do not
sec that earnings vii. be affected ma
terially by the fact that the tobacco
interests have bought into tho road.
Baltimore & Ohio preferred Is IL q
similar position. Unless rates are in
creased sufficiently the preferred diyi-
dend is by no means safe. Consequent
~ this stock, in our opinion, 2 specu-
!ative rather than an investment is
sue. Oklahoma Producing and Rein
inC is a we'll managed company. The
stock, like that of most oil producing
companies. is very speculative, being
highly sensitive TO tho earning power
What the future prices of these is
sues will be we cannot attempt to say.
With tho exception of Union Pacific
rreferred, we do not recommend them
for Investment.
New-York tribune., 1920-06-14
Looking for Utmost in Security

Question: have been intrusted with
the investing of $4,000. The case demands
the utmost in security. but at the Same
time I should like TO obtain large a
return possible. Would the following
cover the case: New York Central 20
year convertible debenture 6s. due l935
Cleveland. Cincinnati. Chicago & ST. Louis
(Cairo DivisiOn) first 49, due 1888, Long
Island Railroad (Moutauk Division) first
SIS due 1915; New YOrK and Queens Light
and Power Company first consolidated gold
5s, due August, 1890? Should YOU have
in mind some issues more suitable for
long term, well ll-secured Investment I
should be Obliged II you viii name them.-
W. J. T.
Answer--lf your case demands, as
you say, the utmost in security you
should not attempt to obtain too high
a yield on your investments. " e
should not consider the New York Cen
tral debenture s per cent bonds. They
are not even secured by mortgage.
The other issues you mention are very
fair investments, but they do not enjoy
very active market. The following
securities appear to us to be suitable
for your purposes: Chicago Rock
Island & Pacific general Is, Chicago,
Milwaukee & st. Paul general As Ill-
nois Central As, 1852 and 1858; Atchi-
son general As. Chesapea ke & Ohio
general 4i2s. Illinois Steal 414s and
United States Rubber first 5s.
New-York tribune., 1920-06-14
Calls Bill Market Essential
10 Life of Reserve System
American Acceptance Council Says Dscontinuance
OF Purchases by Central Banks Would ''Create
Panic, Discredit Government Banking Regme''

It Is a trife embarrassing for an
established factor in the life of the
community to be suddenly asked by
high authority, "By the way, have you
any reason for existing?" The Federal
this blunt query to the dealer in ac-
ceptances.
And those bankers who believe in tho
new instruments Of credit have replied
with thirty-nine articles Of faith, each
article representing an answer to
QUESTIONABLE prepared by the Reserve
Board and sent to leading acceptance
dealers in New York and Boston The
series Of searching questions took
nothing for granted, but probed the
very foundations Of a discount market.
For their part, the acceptance ad-
vocates hit back hammer blows, as
serting that the development Of ac-
ceptances Is "a question of life and
death for the Federal Reserve SYSTEM
And again the spokesman in behalf
of acceptances. in answering the ques-
tion as to what would be the effect in
the open market if, as matter Of pol
icy. Federal Reserve banks did discon-
tinue open market purchases, declared:
at would create a panic end would
practically discredit and ruin the entire
Federal Reserve system.
The questionable was sent out after
g conference which the board held a..
Washington with bankers and dealers
in bankers acceptances on April 13
last, and was prepared for the purpose
of obtaining complete information on
every phase Of the use and operation
of bankers acceptances, with related
data on rates, market conditions and
methods Of handling. Al the confer
ence the bankers and dealers were not
in agreement on all points, and the
QUESTIONABLE was devised as the basis
for obtaining a consensus.
The foregoing quotations are made
from reply to the QUESTIONABLE writ
ten by Paul NJ. Warburg, former vice
governor Of the Reserve Board and
chairman of the executive committee
Of the American Acceptance Council.
council, and represent the official atti-
tude of the council. One of the OBJ
jects Of the conference between bank
ers and members of the Reserve Board
was TO consider whether it would be
advisable to have indorsed bills pur-
chased in the open market count as re-
discounts against the indorser. Tho
bankers, without exception, opposed
this suggestion.
In answering the question regarding
what the policy of Federal Reserve
banks should be in open market pur-
chases of bankers acceptances, the
council says:
"The policy of the Federal Reserve
banks in dealing with the open market
should be directed toward creating a
countrywide feeling that for good
bankers acceptances there is a buyer
of practically unlimited purchasing
power and one that is always in the
market. The only reasons why Fed
eral Reserve Bank should not buy a
New-York tribune., 1920-06-14

bill should be either the acceptance is
not deserving Of confidence or is &C
cepting too much, or that the bill is
not eligible Oh account Of the character
OF the underlying transactions. 1t is
this position that constitutes the tre-
mendous power OF the Federal Reserve
Bank in regulating the acceptance
market.
In the final analysis it is its back
bone; or its unwiliingness to buv a
certain piece Of paper may imply the
gravest danger for the acceptor and
for the owner Of the bill. The Federal
Reserve Bank could better exercise its
power, not by having hundred diff
ferent prices for various bills, but by
using more freely its authority to in
vestigate the character Of the under
lying transactions and by discrim-
mating against transactions which are
not in the public interest or in accord
ance with the soundest rules Of safe
banking
Federal Reserve banks should be
frm in refusing to purchase or redis-
count any bankers acceptances that do
not bear at least three signatures. viz,
the acceptor, the drawer and a bank
ing lndorser other. than the acceptor,
whether the latter be a member bank
or a discount company or private
banker. A prime acceptance thus duly
indorsed ought to be considered by the
investor as an instrument not involv-
ing any credit risk to speak Of, and if
that be so the rediscount or purchase
Of an acceptance of this sor. by the
Federal Reserve Bank ought not TO be
counted in the same manner as if a
member bank had rediscounted a Gus
toners promissorv note. As matter
Of fac+ If Endorsed bankers accent
ances bought bv Federal Reserve banks
were considered like a loan made to the
bank whose Endorsement appeared last
New-York tribune., 1920-06-14
logging Camps to Close

ST. LOUIS, June 13.-Several logging
camps in the Douglas fir region an
nounce their intention Of closing on
June 19 as result Of their inability to
meet the demand for reduced prices.
Labor, they say, - too high The shut
down is expected to continue for thirty
days. according to Lumber" in its
weekly rovlew, our to-morrcw. Yellow
pine and other mills have curtailed
production because OF tho congestion
Of stocks and inability to obtain cara.
Northeastern mills having their own
timber and logging facilities arc also
closing down.
Hard woods are Weakening" says
tho review, with furthor reduced de-
Prices havo shown no decided break
and are being held firm by large manu-
taclurnra. hnt Lhera ara iucraaaad
New-York tribune., 1920-06-14
"Big Four" Pfd-Cuba Cane pfd

Question-What is your opinion as 10
Cleveland, Cincinnati. Chicago & s.. Louis
ably es purchase now? how about
Cuban Cane Sugar preferred M N. $.
Answer-Cleveland Cincinnati, Chi
cago G. St. Louis has been one Of the
few roads able to report earnings
larger than the amount OF the govern
mont guaranty. What the status &C
this road will be under the new legis-
laton remains to be seen. Diver
Big Four" under Federal control At
the present time the preferred stock
appears entitled TO fair rating as
speculative investment Cuba Cane
Sugar preferred stock, based upon pres
ent earnings, is also entitled 10 fair
rating. The stock js not seasoned, the
company having seen nothing but pros
porous times in the sugar industry.
New-York tribune., 1920-06-14
Sound Form of Investment

Question: am dependent upon nv IN
vestments as to income. and therefore de-
sire that no element Of speeulatiqA he
equipment per cents, New York Central
equipment Z per cents and Western Eiec-
investments a A. A
Answer-Good equipment trusts are
a very sound form of investment. The
New York Central, Southern Pacific
and Union Pacific equipments are all
attractive, in our opinion. The recent
issue of 7 per cent bonds by the Penn
sylvania Railroad was not an equip
ment obligation, but a collateral ten
year bond We regard it as sound. and
also the Western Electric bonds.
New-York tribune., 1920-06-14
Direct Trade With America
Asked by Chinese Merchan,

Since the establishment in Novem-
Der, 1919, of an American bank in
Changsha 1t has been more feasible
for the local merchants to enter into
direct trade relations with American
firms, instead of conducting business
tofore. One of the leading merchants
has recently made known his desire to
be placed in touch with American firms
for this purpose.
New-York tribune., 1920-06-14

Information

Questions et general interest to
tnvestors ,oill Be answered In th.s
column, in Wh&ch cass only initials
~sH Be used Others wifl be en-
swered BY mail. Addrsss oil IN.
qusr1es, fnclosing stamped, aJ-
aressa1 enyslope, to Financial Editor,
1he Trtbuns, 15t Nassau Street, Nsv
York City.
New-York tribune., 1920-06-14
Mexican Sugar Shipments

A cablegram from Consul Dyer
at Nogales, Sonora, Mex, says that the
consulate certified invoices on June /
for 2,7l1,377 pounds of sugar. valued at
S59O,933, for shipment to the United
States, and that the warehouses are re-
ported full Of sugar.
New-York tribune., 1920-06-14
City of Lyons Bonds

Question-Kindly give me all possible
Information regarding the city sof Lyons
hfteen-year per cent 1894 bonds Was
the loan originally and exclusively issued
in America by some banking house? HE
present quotation OF about So I suppose
per cent payable in America in dollars or
in francs? Would you consider this as
good an investment as the regular French
loan?-N. d.
Answer-The cities Of Lyons, Mar
seilles and Bordeaux foated loans in
this country in 1916 through Kuhn,
Loeb G Co. to the extent Of $4,000, 600,
equally divided among the three cities.
These loans were paid eff November i,
1919, by the issue Of 100000, equally
divided among the three cities. and due
November /, 1884. This last issue was
offered by Kuhn, Loeb 6, Co. at 92i
The bonds are an external loan, payable
without deduction for any French gov
ernment, municipal or other French
taxes, in New York in American dol
lars. The French government has
agreed to undertake, in order to per-
nit the three cities to pay the interest
or principal of the loan in gold IN New
York, to furnish if necessary gold in
the amount needed and authorize its
expectation for said purpose. The
price of So means $50 per 500 bond.
The bonds are in 500, $500 and $1,000
denominations. We regard the bond
as very fair investment, quite as safe
as any Of the French government loans
New-York tribune., 1920-06-14
c., B. & @. Joint Is

Question: desire a ehort-terrn invest
nent. Do you consider the Chicago Bur
nngton & Quincy Joint per cent bonds
ImaturiRg July, 1921, & safe Investment?
sder the Belgian loan 6 per cent, due
1879. a safe one? II II is safe. th= specu-
*
Answer Chicago, Burlington &
Quincy joint IS are sound Investment,
in our opinion. The collateral under
this issue, which is guaranteed by both
the Northern Pacific and Great North
ern railways, is Chicago, Burlington {
Quincy stock. The Chicago, Burlington
& Quincy is one of the best systems in
the country Its earnings are large,
even under government operation The
Belgian 6 per cent loan Of 1925, as you
say, seems attractive as g speculative
investment
New-York tribune., 1920-06-14
FINANCIAL

WESTERN STATES GAS AND ELEC-
TRIO COMPANY FIRST AND RE
IL INDING MORTGAGE PER CENT
GOLD BONDS. DIE 1871.
pu~suart 20 terms OF mortgage dated
Jua- lst, iaf1 the undersigned invites
tenders - above Dor IS for sale and del!v-
ery juy 20. 1920, Al q prlce not ex-
c-H-.rr par accrued interest and s per
eeat rrets.a4i,i. to extent os sloT.s4442.
-l-l ~ available in SINKING Fund.
S-i-4 tanHsrs. stating numbers OF bonds
gfcred, addressed tn GlRARD TRUST
COMPANY Trustee, Slnk.ng Fund West
erl states Gas ard Electric Company Firsr
at-a ketrnLiDE AorfEags per cent Gold
Bonds. r4.. be received untu p. July
8. 1920.
GlRAED TRUST COMPANY, Trustee
GEORGE 4 SIT ART Sd. Treasurer
Philadelphia Pa. } ane I. 1870.
New-York tribune., 1920-06-14
Driver-Elarris Company
Harrison, n. J.
Notice of Quarterly Dividends
PREFERRED STOCK DIVIDEND NO. 81
COMMON STOCK DIVIDEND NO. az

The Board of Directors at meeting held June 9Th,
1920 declared the regular quarterly dividend of one
and threequarters per cent G3495) the outstand-
ing preferred and two per cent (2) on the common
stock for the quarter ending June 30h, 1920 payable
in the Of each class of stock July L. 1920, to
stockholders Of record at the close of business on June
81 1920 Transfer books will close from June 22, 1920.
to July l. 1920 inclusive. Checks viii be mailed.
P. E. REEVES, Treasurer.
New-York tribune., 1920-06-14
DIVIDEND NOTICES

SOUTH PORTO RICO SUGAR co.
June 3. 1920.
The Board OF Directors have this day
declared quarterly dividends OF 80 on tha
Preferred Stock apd s'on tho Common
Stock, pNysAle In Cash on July i. 1880, 10