davidaulloa/AmericanStories huggingface dataset:
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1920-05-20

Mrs J. NJ. Mcconnell. Mrs. Grover
Jarnecke and Mrs +. Hummel were
hostesses at a towel shower given at
the home of Mr. and Mrs. G. Jarnecke
In honor OF Miss Freda Trott. whose
marriage 10 Arthur Wilson viii ne
an event Of June. The home was
p~rettily decorated with pink and
white rose buds. Guests from Gary.
Ross and Griffith We're present and
Bunco supplied the entertainment for
the evening. The highest scores were
held by Vera Prohl. Grover JaraecKe.
and the second highest by Mrs. e.
Hummel and Roy Olson. In conclusion
a nicely arranged course luncheon was
served.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1920-05-20

Don't forget that May Queen dance
at Unity hall. Saturday. May 2sth.
Given by the Beneficial Union. Ad-
mission SOC. 5-fs
The closing event Of the season. the
May Queen DANCE" at Unity Hall,
Saturday evening. May 2sth. Dance
around an old-fashioned MaypoIe.
Help select Hammond's most beautiful
May Queen. Admission SOC. 5-19
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1920-05-20

May Dane by Scatena Ball Club. at
X. c. Hall, Hammond, Wednesday.
May o6th. Husk OHara's orchestra
5-l9-7t
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1920-05-20

Mrs. z w. Dedelow. of 30 West
Williams st. has gone to Terra Haute
and other cities in Indiana to attend
a Woman's Home Missionary Society
convention Of the Methodist Episcopal
church. She will be gone a week.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1920-05-20

Mrs Rex Hidy and son. Phil. are
leaving for North Manchester. nd.
TO spend a few weeks with relatives.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1920-05-20

A very pretty home wedding was
solemnized last evening at the home
of Mr.. and Mrs A. Marcus. 295 Ind
lana ave. when the niece of Mr.. and
Mrs. Marcus. Miss Tillie Litowich. of
Benton Harbor. Mich. became the
bride Of Ben Leviton. son or MI. c.
Leviton. OF Chicago. The ceremony
was performed by Rabbi Berkman and
Rabbi Hyman. of Gary. The bride wore
a dress OF white net. a tulle veil held
in place with lilies of the valley and
carried a shower bouquet of brides
roses. The entire house was beaur..
fully decorated with roses. ferns ana
carnations, an elaborate wedding sup
per was served. Only the immediate
relatives were present at the wedding.
Sadie Marcus. a cousin of the bride.
played Mendelssolms wedding march.
They left on a honeymoon to Boston
and New York. They viii reside ia
Chicago on their return.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1920-05-20

Floyd Wright. of Lexington. KY.
is spending a few days in Hammond
as the guest of MIR. and Mrs. j.. Meyn
~ Glendale Park. Margaret Turner
entertained at dinner last night fol
Mr.. Wright.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1920-05-20

Mrs r. L. Duncan and daughter,
Henrietta. have gone to Florida to at
tend the funeral Of Mrs. Duncan's SIS
ter. They will be gone for some time.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1920-05-20

NEW LAID EGGS DIRECT FROM THE FARM
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1920-05-20

The Civis Department Of the Ham
mond Womags Club will meet at the
home Of Mrs. VIM NJ. Beggar. ) West
Carroll 81. Friday evening. May .1st.
The third citizenship class viii be Civ
en- by Mrs. J NJ. Turner. This meet
ing is open to all who would like to
attend.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1920-05-20

Mrs. A. L. Spohn of Carroll ST.. is
still quite i'll. Her condition is not
very much improved.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
Miscellaneous Markets
New York State Bonds

| Issued in coupon and registered form.
not Interchangeable. Coupon bonds regis
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
Shoe Factories to Curtall

All but three or four of the TWEEN,
five or more shoe factories in Brook
are curtailing production N one ".{
or another. Officials of those factoI f-
still running full force intimate iAl-
curtailments will begin next month 9'-
less business conditions improve. i't
direct cause Of the slowing up IN pro
duction is the absence Of new orders
from the retailers, who are holding en-
buying because of the public demane'
for lower prices.
Among the shops affected by the cur
tailment are the George ". baAai
Company, which has gone TO four-da.
week; Wichert G. Gardiner, who On
working two-thirds time In some DE-
rartments and whose cutting aud NTH
rooms now operate from 9 to instesl
of to $3.50; j. Albert's Sons, Wns's
two-thirds of the force, compfis
about 250 men. have been laid OIL "a.
two weeks, and the Jacobs & Thateas'
Company, which has shifted from tl,N
to welt work
j. & T. Cousins and Hanan & So,
the two largest shoe factories u
Brooklyn, are still running full tme'
Harry Hanan, of the latter concetl'
said that while nothing definite, H. ~,
been decided as yet It was prooap.I..
that curtailment would begin neA.
month unless orders were forthcoin' .
IN greater volume than at present
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
Loads Up With Oil Shares

Question: own 500 shares Century OIL.
100 shares International Petroleum and ESQ
shares Tropical OIL. Please let mo know
whlch or these are good investments to
noid and OF any known prospects of
either.--J. w.
Answer-Oil stocks, with few excep-
tlons, are so speculative that they are
far from being in the investment class.
The International Petroleum Company,
Ltd, is associated with the Imperial
on Company of Canada, and the latter
is controlled by the Standard Oil in
terests. The International controls a
large acreage in Peru and owns several
tank steamers. Through subsidiaries
1t operates distributing states in Peru,
Chile and the Panama Canal Zone. Re-
Gently it acquired control of the Trop-
lcal Oil Company, which is said to be
developing considerable production in
Colombia, South America. The Century
on Company was recently incorporated.
1t is operating In various fields in
Texas and Louisiana. 1t is reported to
have secured control Of a lubricatine
refinery on the Houston Ship Canal.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
Sisson Fails to See End of
High Commodity Prices
Relieves Present Movement Is
Only Swinging of Pendulum;
Peak Reached. He SAYS

While the peak of high commodity
prices has been reached, the present
break In certaip lines does not mean
a substantial reduction in the cost of
living. according to Francis H. Ssson
Nice-prcsldent of the Guaranty Trust
Company, who discussed prices in re-
iatlon to the producer and consumer
at the tifty-third meeting of the Eco
nomlc Club at the Hotel Astor vester-
day.
The reductions in prices that are
being made to-day are not due to over
production; for there is, in fact under
production in many essential lines
which is likely to continue for some
TIME, said Mr. Sisson. "Consequcntly.
1T would seem advisable to avoid a
nasty conclusion that the present
movement forecasts universal and
drastic drop in commodity prices. 1t
may be, and very probably is, merely
an oscillation of the economic 0endu-
ium as II begins to swing from the
height it reached during and as re-
suit OF the war, although it seems GER
tain that we have definitely passed
The peak of high prices
Our problem is not to force price
recession as rapidly and as precipi-
lately 3 possible, but rather to bring
about gradual reimbursement with a
view to sterilization. There is quite as
much danger from too accelerated and
extreme price reduction as there is
from too high prices and all their at
tendant evils"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
Preferred Dividend Not Earred

Qaestion--Some time ago I was advised
by investment bankers here in New York
TO purchase preferred stock OF the Cum
Der County Power and Light Company of
Portland; Me. Since August, 1918, the
preferred stock has passed its dividend
While this dividend Is cumulative there
seems little hope at present of any kind
of payment resum ption Should I sell my
stock for what II Will bring IN the market
or hold for possible mprovement I'll
r. L.
Answer - The Cumberland County
Power and Light Company is one Of
many corporations which have found
in the past two or three years that in
creased operating costs, without an
appreciate increase in rates, results
in deficits. Current earnings appear to
be slightly lower than for the CORE
spending period last year. The pre-
ferred stock has not been a good Garner
since 1912. While dividends have been
earned, with the exception of the years
1918, 1919, we feel that security of
this character should show from three
to five times dividend require
ments. The future Of this company de-
ponds largely upon its ability to keep
down operating costs. If you can OBJ
tain fair price for the stock we be-
lieve it would be easy to find many
other investments offering better pros
poets
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
Observation-Disclosures
Announces Details
OF Financial Plan
Will Create Issue of $lO.-
100000 Cumulative 100
Preferred Stock, Redeem
able at ITO at Firms OPP
ton

"Details of the proposed plan of re-
capitalization of the American Brake
shoe and Foundry Company, which
Will be voted on July l, are set forth
by Joseph M. Terbell, president, in a
letter to stockholders made public YES
terday.
1t is planned to create an issue of
9l0,0oo,000 cumulative per cent pre-
ferred stock, redeemable at 10 at the
option of the company, and 100000
shares, of no par value, common stock,
Holders of the present preferred, of
which there are 1882 shares out
standing, will receive in exchange for
each share one share of new preferred
and three shares Of common, while
holders of the present common. of
which there are 44,527 shares (s1Oo
par), will received new preferred share
for share. Mr.. Terbel's letter saws
in parts
IF the proposed readjustment plan
is approved by the stockholders the
holders Of the old preferred stock will
be entitled to receive not only cumu-
lative dividends at per cent per an
mum upon their new preferred stock,
but may also receive dividends upon
their holdings of the new common
stock, the aggregate of which will,
with continuance of the company's
present prosperity, in all probability
exceed the dividends heretofore r.
ceived by them on their old preferred
stock, while the holders of the old
common stock, by exchanging share
for share into the new preferred stock,
will obtain a much stronger position
as to assets, and will be entitled to re-
| ceive upon the new cumulative pre-
\ ferred stock the maximum dividends
that they could have received through
their holdings of the old non cum ula-
tive common stock.
The contamination of the proposed
plan, with the rights of the preferred
| and common stock clearly defined,
should also tend to enhance the value
of both classes of stock. The plan also
provides that not to exceed 10000
shares of the authorized common stock
shall be set aside for sale to employees
of the company, upon terms to be
fixed by the directors. In thus af-
fording the employees the opportunity
to become stockholders in the COM
pany the directors believe that the eff
! cheney of the organization will be as
sured"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
Jersey Power Project

TRENTON. N j., May 27.-Doubt
as to the legality of the plan to
form the North Jersey Power Company,
10 cooperate with the Public Service
Electric Company, in $4,000, 900
scheme to distribute power. was ex-
pressed in a memorandum issued to-
day by the Public Utility Commission.
The board stated that it could not
make any formal order and that there
was no power in the board to prevent
the formation OF company such as
me proposed North Jersey Power Com
pany nor to prevent agents of the COM
psny from selling subscriptions for
stock to those who obtain power from
the Public Service Electric Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
CoftonSeed Oil
Sugar and Coffee

Juice, san NO Ia II " 80 - 80 u
Sugar-It is believed in the sugar trade
that the weakness in sugar Is largely
a development Of the Lusk committee in
vestlgation. which has brought about pos
sibly a closer cooperation between the
government and relners. The, heavier Of
ferings from Cuba may also be due TO
calling of loans by bankers here It having
been stated that millions of dollars had
been loaned by New York banks on sugar
now held in Cuba. At any rate. yester-
days business IN raws indicated a dispo-
sition on the part of holders to make sales,
and prices dropped 1hc a pound below
the quotation on Wednesday Local refln-
ers bought $4,000 bags Cubas. May-June
shipment, at 19iac. cost and freight, and
Porto Ricos at 20 soc, cost. insurance and
freight At the close of the day there
were further offerings. but buyers were
inclined to hold or, awaiting develop
ments.. Arbuckle advanced the price OF
refined sugar to 26.5oc. regular terms,
otherwise the market without change.
Coffee Futures-The market opened at
decline of points. with July selling at
1872 and September at 1883 and 1886 on
the call. The Brazilian markets were too
but the weather In Brazil is improving
and the milreis price OF Rio was lower
with an advance of SO refs on the dollar
buying rate. but decline of i-i6d in the
rate OF Rio exchange on London
During tho early afternoon there was
little squirt in prices attributed to tho
sharp advance in sterling exchange, cou-
pied with the fact that belated shorts in
May bid that delivery 10 points over July
which strengthened near positions Ths
volume OF business for the day was small
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
Advance RumeIy Preferred

Qucstion-Can you tell me the cause OF
the decline in the Advance Rumely pre-
1erred stocks which has gone down Is per
cent IN tho last few months2 1t pays
dividends promptly and report is that the
concern is making money-G. w. s.
Answer-We know Of nothing in the
affairs Of the Advance Rumely Com
pany to cause a decline in it's preferred
stock. All forms Of investment have
declined considerably of late. When
Liberty bonds sell down Is per cent
we do not think one should wonder
about a similar decline in preferred
stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
General Motors-Jewel Tea

Question-What is the value of General
Motors new stock. based on the average
price OF the old? Will you kindly give mo
why has it declined to a new low w. C..
Answer-General Motors Corporation
old stock, par 500 share, was ex-
changed for the new stock Of no par on
the basis Of one old for ten new shares.
The Jewell Tea Company reported a
loss of 1924, 046 for 1919, against a
profit Of $945,738 for 1918 The pre-
ferred dividend was passed last Jan
uary. These facts, together with the
general weakness in the stock market,
have contributed toward the decline in
its shares to new low prices.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
One as Good as Another i,

Queation--Will you please let mo know
II a man were to- start buying Liberty
bonds at the present time and at prices
would be the best Issue to buy, and why?
R. s. B.
Answer-One issue Of Liberty bonds
is as good as another. 1t all depends
on the length Of time you wish your in
vestment to run. Tho Tribune pub
fishes every day list showing the date
OF maturity and the approximate yield
of each issue.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
Northern States Power 6s

to Invest and have noticed that Northern
States Power Ga. due 1926. listed at
49,. This seemingly gives good return,
but ] am wondering why they are 80 low,
and what security there is behind this
particular issue.--W. NJ X
Answer-The Northern States Power
Co. 6 per cent notes due 1923 are not
secured by mortgage or collateral
Earnings are ample to care for inter-
est charges. All forms Of investment
are depressed, due to many causes, the
most important Of which Is the high
rate for money. We regard these notes
as offering very fair investment OPP
portunity.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
Commodities
Cotton


The better tone of the stock market and
announcement of gold imports seemed
largely responsible for sharp rallies in cot
ton Yesterday. The private crop reports
published were little more faVora BILE tina n
those issued earlier in the week and led
10 some realizing during the earlier trad
ing. The most optimistic of them how
ever, indicated the poorest end May crop
conultlon on record, and except for profit
taking brought little or pressure against
the market. After selling off to o5o
early October advanced to S5.s7 and closed
at 35.45, compared with 1884 the closing
quotation of Wednesday, with the general
market closing easy net unchanged to 80
points higher.
There were three OF tho private condition
reports prominent Southwestern au-
pared with early week report Of SIS
This was a factor In Liverpool as well cs
In the local market. and after opening 5
months here sold about "a to 80 points net
lower under scattering Liquidation. Unfa-
vorable reports from the goods trade and
the good weather prevailing at present in
the South increased the disposition to take
profits In advance Of the approaching holt
days There was no indication of spot
pressure, however. and the market turned
hrmer during the early afternoon as re-
suit of renewed covering, which sent prices
70 to Al points net higher. This advance
was not fully maintained, as last prices
showed reactions of some % to 80 points
from the best.
The other private reports were within
the extremes, one of them placing the
condition at 65.4 and the other at Sc s.
According to a canvass of New York Cotton
Exchange members, the market Is expect
ing government report next week OF 6 9
on the average, but there are more private
reports to be heard from and sentiment
may change somewhat before the official
hsures appear at noon next Wednesday
The Liverpool market Will be closed too a.
and until next Monday morning. while the
New York and New Orleans markets will
both be closed on Saturday. and New York
Will also be closed Monday. Southern
spot markets as officially reported were
all unchanged with quotations for middlinR
cotton ranging from 40 to 4176, com
pared With 1913. the closing quotation for
July contracts In the local market
The local market for spot cotton was
quiet and unchanged at 40 for middling
upland. No sales were reported
the range Of prices follows;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
Rise Of Mark and Franc
Believed Due to Speculation

LONDON, May 27.-Yesterday's i'm
provement in the mark and franc in
the London exchange market was
short-lived. The mark reacted to-day
to rate of LAG to the pound, as COM
pared with yesterdays level Of 1926,
while the franc touched 81, as against
1922 yesterday.
In some financial quarters It was de-
clared to-day that yesterdays rise was
not warranted at present and was due
mainly to speculation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
Investment
Information

Questions Of general interest TO
iavestors will Do ansWored in this
column, IN .ohich case only initials
sOiU b used, Others will DO an
sperod by mail. Address all Sw-
quiytcs, inclosing stamped, 3D.
dressed envelope, to Financial Editor,
The Tribune. 49, Nassau Street. Nev
York City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
Interest PAYABLE in Canada

Question-Will you inform me II the
fourth Issue Dominion of Canada f1veyear
bond bl3 per cent. due 1922, payable
in American dollars? Is the interest cou-
pom worth its face value (S27.50) on $1,000
in American money "A. II.
Answer-The Dominion of Canada
51a per cent 1922 us, an internal loan.
Principal and interest are payable in
Canada
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
Tumbles With the Rest

Question-Will you be good enough TO
inform mo whether the recent depreciation
in the price of Ray Hercules Copper is
Solely due to the break in the market of
last week or whether 1t is due to the pres
ent condition OF the company j. r. G.
Answer-We know of nothing in the
affairs Of the Ray Hercules Company
to cause the stock to tumble as it has
of late. 1t is probably due to the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28

American Light Subscriptions

Announcement was made yesterday
that stockholders of the American Light
and Traction Company are being Of
fered the right to subscribe to $4,000
900 of the company's five-year per
cent notes to the extent Of six-forti-
tion privilege is offered to stockholders
Of record on May 25 and the subscrip-
tions. must b forwarded not later than
o'clock on Che afternoon Of June 9.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28

Southern Spot Markets-Ga galveston quiet,
unchanged. at Ale; Sales $40 bales New
Orleans steady. unchanged. at 40c; sales,
1852 bales Mobile nominal unchanged,
at boc; no sales. Savannah steady, I'M
changed, at 4o.5 soc; no sales Norfolk
quiet. unchanged, at 4o.6oc: no sales Bal
tlnore nominal. unchanged at Ale; no
sales. Augusta quiet UNCHANGED. at
4l.'6c; GALES, 20 bales ST. Louis steady,
unchanged, at 4o.Boo; no sales Memphis
steady, unchanged, at 4o.50c; sales $50
bales Houston steady. unchanged. at 4oc;
sales 132a bales Little Rock quiet, un-
changed. at 4o.5 500; sales. 10 bales Dallas
steady, unchanged at 4o.40c; sales SGT
bales Fort Worth steady, unchanged. at
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28
Carlsbad (Bohemtal Bonds

Question: wish to invest in Carlsbad
municipal bonds (Bohemia). What is your
profitable investment?-W. Il. A.
Answcr-The Bohemians are an in
dustrious and thrifty people, The
Carlsbad bonds in our opinion offer
rather unusul speculative investment
opportunity.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-28

accounts were again favorable and the
trade on the Pacific Coast Is nervous over
the question OF financing the new harvest
Advices from France said that the new
crop is looking unusually we'll. being very
even In appearance and thick on the
ground, and If 1t comes through with the
present promise. France will have enough
wheat for home requirements during the
coming year.
Corn-Price changes in the market were
range of about cents per bushel. There
was a moderate early decline, followed
by very sharp advance, while toward
the close values gave "a pidly and
final quotations were &c net higher for
May and to &c net lower for the other
post. The May position was appar-
months on the. bulge account of re-
ports of a better distri button of cars
which gave promise of larger receipts in
the near future. Weather conditions were
favorable for the new crop although
planting operations still behind and
The action of wheat and rye had more
or less influence and. on the whole, prices
were very easily affected by moderate
Yesterdays Previous Year
co TsT NO. o0IS SG1s s olGss SIS
Chicago:
M 9uy ::::::::::: 10 1ssss 1 1ss
Oate-The market was nervous and err
ratio and prices eased off after an early
advance. closing with net losses of y
to 14c The May, position in the West
was comparatively heavy. which was con
trary to some Of the reports regarding
The local cash market was again largely
nominal on account OF small receipts and
leading grades were quoted at s142 and
$1.45.
Yesterdays Previous Year
No. : white 81 429i.S s143SI45 .7sa5,7s
Chicago:
May 1.O& 1.05h .69S
July 80 81 % .67hs
Rye-Market easy.
Yesterday Previous Year
New York: close close ago
No western. s2ssA $780, s1sfIs
Flour and Neutrality-suspicious. were:
Yesterdays Previous Year
M pat s1s7 q 14.7S 1s75@I475 12oc912
C'meal 4.75@4s71s 4.75@ 4s71a $500 $50
R.hour 50@11.S5 11.6o@1I.s5 $500 s.S5
Bran. $500 $500 $3.50
Cottonseed Oil
The market was again inactive. and
there appeared to be little incentive TO
trade either way. Operations con-
fined 10 the July and September positions.
which closed IL to 10 points lower, largely
in sympathy with lard and on account OF
tho very slow cash demand and liberal
! supplies. Total sales for the day were
6,1oo barrels.
~ 1ytr ToI1n