davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
Revised Mexican
Tax Valuations
Called Confiscatory
Obregon's Latest Exactions
Only "a to VI Total Ex-
port Irnposts. Is View
of Petroleum Producers

The valuations recently establishsa
as the bases for the export taxes under
President Ohregon's decree of NAV %,
which became effective July 1, were
made public here yesterday by Guy
Stevens, director of the Association of
Producers of Petroleum in Mexico.
These valuations, which are lower than
mad been originally estimated, are still
nigh enoguh to be considered in many
cases as confiscatory. The valuations
established are as follows:
T. S. CURRENCY EQUIVALENT
: s,Is crude per barrel .......... so.ss
Ligat crude. per barrel ........ 1.so
foel oil. per barrel ....... ia
Gasoiine. per gallon. Observation-Disclosures. 02os
kerosene. per gallon. Observation-Disclosures. o6
The taxes on the principal products
under the decree of May "a on the
p&s's OF these valuations, with the So
called "infalsifcable' tax of 10 per cent
sdded, according to Mr.. Stevens's cal
eulation, in y. S. currency are approx
mately as follows:
Heavy crude, 81 cents per gallon:
light crude, 14.9 per barrel; heavy euel,
s.S cents per barrel; light fuel, I1.5 cents
per barrel; gasoline refined, 2-3 of a
cent per gallon; gasoline crude, / is
cents per gallon.
IN addition to the export taxes"
said Mr.. Stevens, "President Obregcn
has established an entirely new and
additional export tax under a decree
dated June Z, 1921. The taxes under
this latest decree are specific, and add
from 100 to 200 per cent to the taxes
under the decree of May "a. In other
words, the taxes, under the valuations
just issued by the Mexican government
are bases or the ad valorem export
taxes only, and represent only 1-3 to n
of the total export taxes under the
new decree of President Oregon,
which became effective the first Of this
month. The combined ad vAlorem and
specific export taxes on the principal
products, with the 10 per cent addi-
tional 'infalsifcable' tax added, in
United States currency are approx
mately as follows:
Heavy crude, 231a cents per barrel;
light crude, 36A cents per barrel;
heavy fuel, 26 cents per barrel; light
fuel, 20 cents per barrel; refined gaso-
line, 2-3 cents per gallon; crude gaso-
line, 3 1-3 cents per gallon.
I'm some cases." Mr.. Stevens stated,
these taxes amount to considerably
mere than the present prices of the
oil at the we'll and slightly more than
the current price at the Mexican ports,
which, of course, includes not only the
value at the we'll but also the cost of
pipeline transportation from the field
TO the sea-loading stations"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
-Four full columns Of in
uestment questions and an
s,cers are published i'm Tks
Tribune erery Sunday.
Exports of Breadstuffs
Show Increase i'm Year
Cotton Shipments Fall Far Be-
hind, However; Meat Prod
ucts Decline

WASHINGTON, July 19.-Exports of
breadstuffs, cottonseed oil and mineral
oils increased substantially during the
last fiscal year over the previous year,
while cotton exports fell off by more
than 100000 bales. and meat and dairy
products declined by more than $780,
100000, according to Department of
Commerce figures given out to-day.
Breadstuffs exports were 81 OF, 000,-
900, against $S0s, 100000 the previous
year.
Cotton exports for the year were
100000 bales, worth 100000
against 6,915,00o bales, worth $751;
100000.
Cottonseed oil was 273, 900, 900 pounds,
worth 100000, compared with 1884,
100000 pounds, worth $36,0Oo,00O, for
last year.
Meat and dairy products were worth
$403, 0O0,o for the year, compared
with $771 100000.
Mineral oils for the year 3,035, 100000
gallons, worth $685., 100000, compared
with 1883, 100000 gallons, valued at
S426 600 900
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
Western Banker Named
Officer of National City
|; ", Woods, of Los Angeles,
Elected Vice-P President; Shep-
ard Assistant Cashier

IW. v. Woods, vice-president of the
5fss National Bank of Los Angeles,
'ssfaay was elected vice-president
me National City Bank here. After
meeting of the board of directors
naming of Howard C. Shepard as
fM,iAant cashier also was announced.
NJ Woods will take up his new du-
s. ABOUT the middle of next month.
appointment. it was explained at
: 0aak, is in line with the policy
.as institution Of adding to its per-
p ~ bankers who are familiar with
~ are personally widely known in
eSsons Tar removed from Wall Street"
sas Pacific Coast banker began his
.sss m Las Vegas, N. NJ, twenty
II Years ago, two years later going
s "a ,as First National Bank of Ell
~, lex. In 1904 he became assist
6as 'sshier and vice-president and in
ts waen that bank merged with the
sm ssas National, under the latter
,s,l ne continued as vice-president.
.saf ne went to San Francisco as
Ets s.al manager of the Bank of Italy,
En- s.'aiug to Los Angeles as vice-presl-
Emher, 1920. ~ lam :"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
American La France Quarter

For the quarter ended June 80 the
American La France Fire Engine Com
pany, inc.s reported net income. after
interest charges, but before Federal
taxes. Of STE, 22S, compared with S241,-
1853 in the corresponding period Of
1920. Operating profit amounted to
1925, $3.50, against SITE, 2sI.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
Retiring Pastor Requires Safety

Question am a pastor now In my
seventeen year. hence must soon retire
from active service My investments are
not such as to yield sufficient sun
port for myself and wife. There are few
OF them that I fear are not OF the beet
VIZ. -Four shares of Northern Pacific stock
and eight shares of Pennsylvania stock
for which I paid about sS5 and s45 respeo
lively. What would you advise me to do
sell them at the present low price or hold
on to them2 l also have twelve shares Of
Goodyear Tire and Rubber Company stock
Please advise me what to do with this
Will have $500 In cash soon. Kindly adj
wise how best to invest this amount p
j. W.
Answer--We would advise YOU to sell
the Northern Pacific, Pennsylvania
and Goodyear Tire stock All three are
speculative under present conditions,
especially the tire stock. You can get
bonds yielding between and per
cent, on which the interest is we'll
assured, whereas the income from the
three stocks you have is comparatively
uncertain. With your $500 you can
buy Kingdom of Denmark 8, due
1945, selling recently just under par,
and with the proceeds from the sale of
your stock buy United Kingdom Of
Great Britain Sis, due 1887, recently
selling at IS, or Northern Pacific Great
Northern 6h per cent bonds, secured
by the deposit of Chicago, Burlington
Il Quincy stock, due 1886.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
n. Y. Central Asks Bond Iss,,e

WASHINGTON, July 19.-The New
York Central Railroad Company asked
the Interstate Commerce Commission
to-day for authority to issue 81, APE. 900
4 per cent consolidated mortgage bonds.
to be exchanged for like amount Of
New York Central & Hudson River sla
per cent gold bonds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
The Market
Althn11rh re,

Although restricted in volume, trad
ing in the bond market took place
with moderately rising prices yester-
day. Bond men reported a satisfac-
tory over the counter business. On
the exchange the foreign issues were
firm and in especial demand. The
Brazilian IS were particularly sought.
Cuba Cane Sugar Is continued their
upward surge, having gained 6 points
in less than a week.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
$l,OOO,OOO Cotton
Export Credit Fixed

BERLIN, July 10 (By The Asso-
ciated Press THE first million
dollar American cotton credit has
just been negotiated between the
American Products Export and I'm
port Corporation of Charleston, S.
c., and the rmstadter Bank of
Berlin, the latter guaranteeing re-
payment, which is based on three
six-month credits on this dollar
basis.
The United States Department of
Commerce, through Howard W.
Adams, it's representative for Ger
many, looked after the American
interests in the transaction.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20

LONDON, July 10 Standard copper,
spot, s7o 5s; futures. $40 IFS Sd. Elec-
trolytic, spot, STA los; futures, SIS los.
Tin, spot. s161 12s Cd; futures, sl64
IS Sd. Lead, spot, s2s los; futures,
s23 5s. Zinc. spot, s26; futures, s26 ass
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
DAYS NecU Issues

i've o'clock yesterday afternoon, the
&aiicate, corSisting of Harris, Forbes
: Go, the National City Company, and
enciates, had sold the entire S5,OO0,-
% City of Philadelphia ffty-year 5 y
8e cent bonds, which had been offered
d basis to yield investors $50 per
eAt it was announced. The bankers
bid the demand fer the bonds was
neatly in excess of the supply, and
at considerably more than half of the
pnds had been sold outside the state
\ Pennsylvania. Insurance companies,
was said, found the issue attractive.
/ syndicate, composed of Stacey &
fnun, the Mortgage Trust Company
Impany will to-day offer s550,000 Of
yrs.n County, North Carolina, per
fntroad bonds, which mature on July
1881, and will yield at the offering
Fiee Of 635 per cent.
BOissevain & Co. is taking subscrip-
pms at par in guilders to the new 49,
10000 guilder issue of the government
the Dutch East Indies. The loan
kars 7 per cent interest and runs
lrty years. Exchange rates on Hol-
nd are at discount of 20. per cent.
miller & Co, and Brandon, Gordon
Waddell, have purchased from the
Province of British Columbia, $1,000
fO par value, gold debentures, five
lsar 8 per cent bonds, dated July Is.
III, due July Is, 1926, principal and
fserest payable in gold coin of the
United States. 1t is understood these
ionds will be offered to the public at
and interest, to yield tx per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
Investment
Information

Qmcstions Of general interest 80 in-
Vestors scilI bn ansseered IN this col
u,nn, is Which case only initiate Wsll
Do ussd. Others will Be anssoered BY
mail. Address oil inquiries, inclos-
ing a stamped. addressed envelope, to
Financial Editor, The Tribune, 1s4
NcssGu Street. Ness York City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
His Holdings Excellent as a Whole

Question: read your investment ipfor
nation with much interest and gain more
knowledge of securities therefrom than
from any other source. ] hold the follow
ing securities: 5000 Central Railroad of
New Jersey general 5s $4,000 Lehigh Val
ley Railroad of Pennsylvania general As;
$1,000 Canadian Northern Is: $4,000 st.
San Antonio & Arkansas Pass Ry first As,
$1,000 Missouri Pacific general As $1,000
American Telephone Telegraph converti-
BILE SIS; $1,000 New York Telephone deben-
ture 6s $1,000 Pennsylvania Power G. Light
first and refunding Us 81 900 Southern Utit-
ties first 6s, 1888 ten shares Western Union
Telegraph Company. l also hold $4,000
well secured real estate first mortgages,
together with real estate holdings of about
$40 600, unencumbered. Also thirty-four
shares in building and loan associations.
intend to sell the Missouri Pacific gem
eral As and in addition will have about
$500 to invest. VIII you be kind enough
to suggest investments? How about buying
Northwestern Bell Telephone rs. Denmark
S. Chicago & Alton first and refunding
IS. or Northern Pacific Great Northern
61as? -E. Z. W.
Answer-Your list is excellent. in our
opinion, except that the Southern Utili-
ties first SIS are not readily marketable.
We think that the four additional bonds
that you are contemplating buying are
high grade, except that Chicago & Alton
is a weak railroad, but it's first mort
gage IS are an underlying bond and
unlikely to be disturbed even in reor-
ganization, in our opinion.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
London Wool Auction

LONDON, July 19.-The offerings at
the wool auction sales to-day amounted
to 1o,9ss bales. Continental buyers
were active bidders far fine crossbreds,
which ruled unchanged. Low cross
breds were frequently Withdrawn.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
To the Owners OF
Missouri, Kansas 81 Texas
Second Mortgage Bonds-due 1890

Plan Reorganization submitted to the under
signed Committee, and understand will shortly pub
shed the approval Missouri
Kansas < Texas securities
holders OF the Missouri MORTGAGE
Bonds, willing Plan, believe that
there has been discrimination
OF the JUNIOR hens Committee
AMSTERDAM protect
Holland and informed Committee repre-
senting of issue are willing TO recon-
mend acceptance OF the Plan to the foreign holders
The American Committee
half the American holdings owners of unde-
posted Bonds will promptly deposit with this Corn
nttee that majority of the
issue we Deieve that possible
rnent tor this issue
Some OF the of Deposit issued bv the
Dutch Committee have expressed
COMMITTEE IN opposing the Plan If
who DO not wish accept the
Llttee Will promptly send the
Committee their and
amounts owned suitable be
their cooperation with the American Committee
The Central Union Trust Company Depositarv for the
Committee undeposited ond md
to therefor their negotiable
STOCK Exchange provided Bonds with
and subsequent attached deposited Com,
pany ON OK BEFORE AUGUST 81 1921.
Deposited subject 10 withdrawal At anv time ~
surrender OF the Certhcaes and The the
$1,000 Bone. ~ ~N1
Bondholders desiring information are requested -
communicate with the Secretary Committee at the ofc
OF the New York Life Insurance
Street New York. - $3.50
JOSEPH F. COTTON Counsel b. Chairman
ID.
and Trustee L.
IL. =.
NC" i'FN q, L.
New York, July 10, 1921
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
Five Good Bonds

Question-The writer has from time to
time observed your comment as to gen.
eral Investments and wishes that you would
kindly give him your candid opinion as to
what you think about the bonds listed
below for an average safe investment. If
you do not think they are, kindly criticize
each individual bond. stating why it is
not safe. in your opinion, and substi-
tute another in its place: $1,000 Bush Ter
minal Building Company first mortgage 5s
1860; $1,000 Tentor Corn and Fruit Prod
ucts IS, 1920; 81, 600 Niagara, Lockport and
Ontario Power Company refunding "a"
mortgage 6s 1858; $1,000 Westing house
Electric Company rs, 1891; $1,000 Great
Northern Railroad rs. 1854. C. S.
Answer Bush Terminal Building
first mortgage 5s are a good invest
ment. Temtor Corn and Fruit Prod
ucts IS are small issue of $1,5Oo,o0o
total secured by a first mortgage on
the company's Granite City plan, pur-
chased for $4,000, 900. They appear to
be we'll secured. A holder of these
bonds, however, should watch earnings
statements with care The company
earned $1,O62,933 net after Federal
taxes in 1920 which leaves an ample
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20

margin above interest requirements.
Niagara, Lockport and Ontario Power
6s, due 1858, are reasonably we'll Sc
cured bond and good investment.
Westinghouse Electric and Manufac-
turing rs, due 1881, are a good invest
ment, in our opinion, as are also Great
Northern rs, due 1886.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
Increased Rail Revenue
K. C. Southern Is First to Re-
port for june

The first report Of June railroad
earnings appeared yesterday when the
Kansas City Southern published its
report showing increases in gross and
net.
Comparison with the same month q
year AGO follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
Woman Wants To Re Sure and Safe

Question: shall thank you so much for
information relative to the placement of
50 900. OF the electric issues. which would
vow consider the stronger-General Elec-
trio debenture IS at 1o1 Wrestling house
Electric rs? What is the advantage Of one
over the other? Do you think San Diego
Consolidated Gas and Electric Company,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-20
Days Dealings In Bonds
SIS 1917

! 81 Il
x of Den
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-09-14
Our Diplomatic Service

Nothing but the most genuine ap-
probation should follow the announce
ment from the White House, that
President Harding intends to keep the
Diplomatic Service from becoming /.
political haven. While there will be
ne particular effort to retain a man
in the same post year after year,
he will not be thrown out merely
because of political expediency.
The one arm of our government that
needs to be fully developed, as other
countries have deleloped it, is the
diplomatic and consulac service,
England and France start TO educate
their men for diplomatic and consular
service when they are young; and by
the time the men are past the formu-
lative age they have obtained an
international knowledge and viewpoint
that repays their governments many
fold. There is no reason whJ the
United States should not do the same
thing, and there never has been {:
more appropriate moment for such
an announcement than the present,
when the ablest kind of men are need
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-09-14

ed for our diplomatic and commercial
relations.
And incidentally, we hear, every
once in while, that an American em-
bassy has been compelled to move,
because, in some countries it still is
much cheaper to move than pay REM.
Returning tourists tell us OF the de-
plorable state of affairs regarding
the housing of some Of our foreign
representatives. When one takes a
glance at the fine embassies maintain
ed in Washington by even the humbl-
est of nations, with full retinue of
liveried servants and equippages, 1t
certainly seems homogeneous for this
conntry to house its distinguished
representatives in any way not
thoroughly in keeping with the high
regard which most other countries
have for the financial standing of the
country.
It is like putting Uncle Sam in a
hall bedroom and sending him dressed
Ike the vaudevi..e comedian with
celluloid collar, cuffs, tie and no
shirt.
He at least should have a good
shirt.-American industries.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-09-14
AUCTION SALE OF IMPROVED
SUBURBAN PROPERTY

BY virtue of the authority vested
in thu undersigned trustee by deed
of trust dated February End, 1920
executed by John c. Marscher and
wife to secure certain notes therein
described, default having been made
in tic payment OF one of said notes.
the undersigned trustee will at the
request Of the holder Of said notes,
offer for sale at public auction, On
the premises about three miles west
of Alexandria on the Little River
Turnpike. on Saturday September
24rl, 1921, at Il o'clock RON that
beautiful suburban home consisting
of large two story light brick
dwelling house comparatively new.
with garage, stab F. and other out
buildings, and fifteen acres Of land
adjoining the old Patterson place,
and mere particularly described in
the deed of trust aforesaid.
Terms of sale, CASH conVeyan.
cling and revenue stamps at the cost
of purchaser.
c.. s. Taylor Burke,
1850. Trustee.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-09-14
Interesting Guide Book

The Gazette is in receipt Of the in
teresting handbook for the tourist
over the Virginia Rail
way. 1t is written by W. II. Snowden,
A. NJ, of Andalusia, Va, and is ex-
haustive in its treatment of the SUBJ
ject-matter
1t is not only valuable as hand
book, however. 1t contains various
matters of historic Importance which
are apparently due to original re,
search, and peculiar to the work it
self. Replete with illustrations, bio
graphies, and historic data it is a
book that should be possessed by
every inhabitant in the section OF
which it treats. It's price is merely
nominal, fifty cents, and we under,
stand it can be had on application to
the NEUTRALITY-SUSPICIOUS. Railway
Company.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-09-14
Richmond, fredericksburg
and Potomac z. f.

South Nortf
New York Jacksonville
5.35 a. m. ;. "a. C. II :. 11.'o y. m.
Washington Richmond
7.57 a. m. -. NocaH -. 1852 a. m
New Yo7k-Atlanta,J Jacksonville
932 a. m. . IS. \. L. :. 900 p. IN.
Washington Fredericksburg
kl0.20 q. n. :. [Locali
Washington Richmond
11.47 a m. :. (Expressl ;. 2.1S p. m
Westinghouse
3.O7 p. m. -. (LocaD =. 500 a.. n
New k-Augusta-Flo
1892 2. m. :. ca. c. Id $40 p. m.
n-Atlanta Birmingham
SIT p. m. -. IS. a. ID 80. IL noon
Westinghouse Richmond
5.27 p. m. -. GocaD -. 1852 p. N
New York-Tampa-St PetersbTr6
ST. p. m. :. IS. a. L. :. 8.25 r. m
New k-JaGksonville-St Petersburg
New York Florida
S.57 p. m. :. "a. c. L. ..2.15 a. Il.
Richmond Washington
Express -. 6.23 p. ~
k Sundays only.
= week days. On Sundays S.27 T. m.
s. D. Shelton. Ticket Agent, Aiexan-
1ria, Va. J. B. Mordecai. Traffic Man
ager. Richmond. Va
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-09-14
All Will Make Merry When
The Car Arrives

B;rdsboro, Pa, Sept. IA Scenes
common in villages inItaly and Spain
will be reproduced in this borough
in few days Because of the fail
ure of the grape crop III Berks and
nearby counties, and the prohibition
law forbidding th- sales of wines,
Italians in the Colony here have pur-
chased carload of grapes from
California.
The car is expected to arrive here
early this week. The fruit will be
distributed to the residents subscrib
ing to the cost and will be converted
into wine in each household. The
same plan was carried out by Berks
county Italians each year on a
smaller scale, there being more
home raised grapes available in
1920.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-09-14
SEEN IN THE zoo
Cor The Gazette)

SeiSNSkSI
The buffalo is regarded as the most
stupid of beasts.
The Alaskan walrus is as large as
an OK and weighs ton.
The pigmy mouse of Siberia is the
smallest Of quadrupeds.
The moufflon is a wild mountain
sheep, a native of Southern Europe.
The American mountain sheep has
the ability to leap farther than any
other animal.
Pigmy elephants that attain a
height of only five and one-half feet
are natives of the Congo.
At brit hthe baby giraffe measure
six feet from its hoofs to the top OF
its head.
The South American jaguar is re
garded as the most ferociouS of the
cat tribe in the Western hemisphere.
Prs:l boasts a species Of dwarf
camt,s, five feet in height, which arc
now white in color.
The giraffe travels at the rate OF
about so feet a second; the kangaroo
fastest hopping" sjmal, travels at
the rate OF 10 to IA feet second.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-09-14
SPECIAL NOTICES

The annual meeting of the Sock.
holders of the Braddock Light and
Power Company, Incorporated, for
the election of directors and the
transaction of su.h business as may
properly come before said meeting,
will be ileld at the office Of the COM
pany, Alexandria National Bank
Building, Alexandria, Virginia. Tues
day, September 20. 1921, at LOO
p. m.
214-1Oc. S. R. Bowen, Secretary.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-09-14
PHILOSOPHERS STONE NOW
WITHIN GRASP CHEMIST
SAYS

New York, Sept. IA new
scientific discovery-the actual COM
position and size of the atom-for
which scientists have sought for
years, is now immpending, DR.. H !.
E. Ripper member of the American
Chemical Society, declared last night
ITO the average man it will mean
that he will be able to make gold and
silver at will. With this mystery
brought to light the world will be
able to obtain any composition il
desires by synthesizing the atoms of
the rarer elements.