davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-01-16
$30,000,oOo IN EQUIPMENTS.
Guaranty Trust Trustee Under
National r.. 8. Agreement.

The Guaranty Trust Company of New
York has been appointed trustee under
the National Railway Service Corpora
tion equipment trust agreement, first
series conditional sales basis, dated no
vember 1. 1920. and securing an author
lied issue not to exceed $4,000. 900 par
value of the corporations equipment
trust certificates. OF that amount not
more than so per cent. are to be known
as prior lien certificates and bear In
terest at the rate of Z per cent. and not
less than 40 per cent. are to be known
as deferred lien certificates and carry
interest at the rate of per cent.
In connection with that agreement
there has been executed carrier contract
No. l between the corporation. con-
tractor. the Guaranty Trust Company.
vendor. and the Baltimore and Ohio
Railroad Company. purchaser. dated No
vember 1, 1920.
The corporation. organized last sum-
~'nr by S. Davies Warfield and asso-
.lates. obtained loan during the last
week from the Treasury Department via
the Interstate Commerce Commission for
s5,200.000 II win be used. In part at
least, to purchase equipment by the
Baltimore and Ohio Railroad Company.
The New York herald., 1921-01-16
Readings Plan.

The sharp run-up in Reading COM
mon in the last two days has pumped
vigor into the rumor that Readings plan
is ready for presentation to the court
which will pass on it. Attorneys and
directors in position TO know do not
talk about the proposal and none of the
rumors has been traced back to them.
The gossip In railroad quarters. how
ever is that Reading common, first and
second preferre5. are to share alike.
bringing the thnee an asset value of ap-
proximately SIS each. 1t is said this is
the only one that the New York Cen
trail and the Baltimore and Ohio. both
large holders of Reading first and sec
ond preferred. will agree to, and that
the stock interest of those two roads is
in the plans formulation.
The New York herald., 1921-01-16
Copper Situation.

In summing up the copper situation
and commenting on the fact that the
Copper Producers Association has sold
about 100000 pounds of copper for
export during the past week, Walkers
Weekly Copper Letter says: THE main
hope for a fairly speedy exhaustion Of
the present large supplies of refined cop
per is in the resumption OF big construc-
tion projects in this country and Central
Europe. Ambitious plans for the de-
velopment of water powers and general
electrifcation are known to have been
made by France, Germany Italy. Switz-
erland and the Scandinavian countries
enormous amounts OF copper will be re-
quired. Right now. in fact, the demand
for copper from abroad is limited only
by the inability Of foreign industrials
to secure credits"
The New York herald., 1921-01-16
BELGIAN FARMING RECEIVERS.
War Swept Land Rapidly Being
Restored to Usefulness.
SATURDAY., JANUAR

WASHINGTON, Jan. 15.-Belgium is
making good progress in rebuilding
farms and rehabilitating its agricultural
production. Reports from the American
Consul at Brussels show that at the md
Of the first nine months of 1920 moro
than Gifts acres out of about 1iS.260
acres OF war swept soil had been put into
condition for cultivation.
Since the signing of the armistice Bel
gium has put forward every possible et-
fort to rebuild and intensity its agri-
cultural industries. Assistance In many
different ways has been given by the
Belgian Department of Agriculture In
order to encourage speedy reconstruc-
tion.
The total area under cultivation last
year was a marked increase over the
1919 area and the number OF farm ami
mails has shown large increase.
The New York herald., 1921-01-16
Lonn Contraction.

The Clearing House bank statement
disclosed a contraction of loans. dis
counts and investments amounting to
sS7,632, 900. The net decrease in de-
posits was s4Q,000.0oo. Those figures
Indicate continuance of the movement
toward more liquid condition for the
banks and explain the reduction of s67,-
100000 in member bank borrowings
from the Reserve Bank. The aggre-
gate of such borrowings in this district
is but few millions more than $780,
100000. Because of the loss Of cash to
the Reserve Bank in connection with the
repayment OF rediscounts. the Clearing
House statement disclosed deficit Of
s2072.390, a fact almost without sig
nif.cance
The New York herald., 1921-01-16
SEEKS 5000 FREIGHT CARS.
Canadian National Railway Has
Inquiry I'm Market.

The feature of the equipment market
is an inquiry by the Canadian National
Railway for 5000 freight cars and an
order for fifty 10000 gallon tank cars
for the Egyptian state Railway. In
which American manufacturers will be
obliged to bid against foreign car
builders. The Ann Arbor Railroad has
an inquiry In the market for eight all
steel passenger cars and the Southern
Railway has renewed Its inquiry for fifty
passenger and fifty baggage cars.
Boston and Maine officials Ers con-
sdering a plan TO convert eightsen of
It's consolidation engines, which have
about outlived their usefulness, into
switchers, and probably will do that
work In their own shops.
The New York herald., 1921-01-16
American sugar Refining.

The American Sugar Refining Com
pany's plant in Brooklyn. which was
closed in November. has been reopened
and has resumed MEETINGS. according to
announcement made yesterday. The
conpany's Boston plant also was OPP
Grating, it was said. those two being the
companys only properties engaged in
melting raw sugars.
The New York herald., 1921-01-16
A Small Fool In Reading.

On the other hand. the head Of a
house which probably has handled more
Reading in the actual certificates during
the last five years than any other
Stock Exchange house in the Street ex-
pressed yesterday the opinion that the
current movement in Reading common
should not be linked up in any way
with the plans of dissolution, because, he
said. "it Is the result of efforts by a
bobtailed pool" That pool, he said.
was formed on Saturday of last week, Is
composed of three houses and has
turned over something like $500 shares
this week for its own account at a
profit with which some of the pool mem-
ibers are reported dissatisfied.
The New York herald., 1921-01-16
National Leather.

The extent to which the country's
leather business has been affected by
the depression of recent months was
revealed yesterday in the announcement
from Boston that the National Leather
Company, which, through its connections
with Swift & Co.. is about as close to
the source Of leather supply as it Is
possible for company to be. would pass
its dividend due in February. The COM
pany paid 40 cents a share last August.
The National Leather Company was
formed a considerable time ago to take
over the leather business Of the Swift
packing interests, including a large num-
Der of important Boston leather firms.
The New York herald., 1921-01-16
Reserve Ratios rise.

The ratio OF total reserves to deposit
and Reserve note liabilities was 40.6
per cent against 80 per cent. in the
preceding week and the ratio OF reserves
to net deposits. after deducting 40 per
cent. for gold reserves against Reserve
notes in circulation, was 41.5 per cent.
compared TO 37.7 per cent. the week be-
fore. The greater gain In the latter
ratio was due 10 contraction in circula-
tion. Reserve notes In circulation drop
ping s39.50o.o00 to $500. .121.4S0. The
rise in ratios was aided by the deposit
of s3.000.0 900 in legal tender notes, sill
yer, &C., IN this district. which partially
offset the loss of gold through the settle
ment fund
The New York herald., 1921-01-16
Bond Trend Upward.

The trend OF bond prices. although 1t
may be halted temporarily by secondary
influences. is definitely upward In the
opinion OF Clark. Dodge e Co. That
opinion In based on the decline in COM
modify prices. In a statement. they
pointed out that in times OF Industrial
activity and rising prices money flows
from Investment channels into commod-
tiles. The reverse process is under way.
They point out also that the advance In
bond prices since last MAY has not been
proportionately as large as the decline
In commodity prices
The New York herald., 1921-01-16
American steel roundrier.

A reduction OF wages In the American
steel Foundries plants at Hammond
and Ann Arbor is predicted In des-
patches from Chicago. That reduction.
Il is said. will amount to approximately
10 per cent. The Inland Steel Com
pany and the Steel and Tube Company
OF America are reported TO have gone
back 70 the 3s cents an hour wage basis
OF 1918. with eight-hour shifts
The New York herald., 1921-01-16
COFFEE CABLES.

Rio was unchanged 10 25 reis higher for
futures Dollar rate $50 higher at 6sih0.
Exchange, 3-16d. lower at 10 i-18d. Receipts
1000 bags and stock 10000 bags. Santos
spots not quoted. Futures unchanged to 30
rcla lower. Receipts $4,000 bags and stocE
4. .at0 600 bags.
ncafnet "a 600 last year and 1900 two
years ago. Sac Pauio had 1900. against
1000 and 10000 and Jurdiahy $4,000,
Cleared from Mo $1,000 bags for New
York. and from Santos G4.J00 for New
Orleans
The New York herald., 1921-01-16
Singer Company Reauce. Wages.

The Singer Manufacturing Company.
employing about 5000 in Elizabeth, N.
j.. Bridgeport. Conn. and Flint, Mich,
has posted notices of 20 per cent. re-
duction Of wages. to become effective at
once. The Diehl Manufacturing Com
pany, builders of dynamos and motors.
employing $500 persons, has announced
a 20 per cent. reduction in wages.
The New York herald., 1921-01-16
TOPICS OF WALL STREET.
MANY bulls ON Rail stocks.

Despite the gloomy picture of the rail-
road situation. as painted by executives
before the House Commerce Committee.
it is not difficult to find people in the
financial district who believe that rail
stocks, as a class, offer some excellent
investment and speculative possibilities
at current levels. Several prominent
stock Exchange houses in their ad-
vices to customers at the end Of the
week fiat-footedly advise purchases Of
the rails The theory generally ex-
pressed in those advices is that the
market should look ahead of present
difficulties.
The New York herald., 1921-01-16
Jnpnn buying Sugar.

japan has been n recent heavy buyer
of sugar. and. according TO Willett e.,
Gray, haze purchased about $4,000 to-.
of new crop sugars for February and
March delivery. Although no exact
terms of the transaction have been made
public. Il IL understood that the price
war about 4 n cents. f. o. b.. Cuba.
The New York herald., 1921-01-16
BRAZILIAN COFFEE STATISTICS.
whittaker-cIessner Mil. Resume,

The Whitaker -Glessner plant OF tho
Wheeling steel Corporation is to re-
sumo operations next Monday. according
TO advices received yesterday from the
steel district. About 900 men are en-
ployed in the plant and they have been
idle since the mill was shut down sew
cral weeks ago.
The New York herald., 1921-01-16
Gold Imports.

The Carmania Is bringing $4,000, 900
in gold from London consigned to Kuhn,
Loeb & Co. 1t brings the total Of gold
moved from London in the present series
of importations to s92.925,000.
The New York herald., 1921-01-16
s. mi. Krcsr Company.

The sales OF the s. H. Kress Company
during December amounted TO s4.4OS. .062
and In 1920 to s2s,972,942, which repre-
sents an increase OF sS,72s,71o, COM
pared with its 1919 SAILS.
The New York herald., 1921-01-16
steel for south Manchuria.

The United States Steel Products
Company has taken an order from
Okura & Co. for $3.50 tons Of 100 pound
steel rails, designed for the South Man
churian Railway
The New York herald., 1921-01-16
SUBSCRIPTION RIGHTS.
DIVIDENDS.

Stock Of Pay
Record. able.
Kaufman Dept Stores, 1nc.,.
Morris Plan OF N. Ia. si.5oJan. 20 Feb.
Maverick Mills. a., $i....... Jan. Jan. 20
Public Service Investment Co.
pf., a., ...Jan. 1S Feb.
The New York herald., 1921-01-16
SUGAR.

The range OF prices in yesterdays
sugar futures market follows:
The New York herald., 1921-01-16
FINANCIAL NOTES.

j. s. Bache & Co. and Trip & Andrews arc
offering 1921, 900 OF City OF Goldsboro, y. G.
o per cent. stree Improvement bonds &
yield 6.25 per cent.
The New York herald., 1921-01-16
COFFEE.

The range Of prices in yesterdays
coffee futures market follows:
The New York herald., 1921-01-16

fO342 Uruguay. cents n dollar;
Demand ......I6.25 1926 1000
Cables ........1l.00 1I.0O 1873
CANADA.
New York funds TO Montreal, $40 pre-
MUM per 81 600: Montreal funds IN New
York, sf.2. so discount per 81 900.
The New York herald., 1921-01-16

selected list OF securities representing
companies producing commodities which have
been thoroughly liludated are given In the
current number OF Investment Survey, issued
by Scott a Stump.
The New York herald., 1921-01-16

Cecil r. Young. formerly with Curtis
Sanger, win conduct IN his name a business
6 Co., members OF the New York Stock Ex-
change, II Broadway.
The New York herald., 1921-01-16

j. s. Bache CO. and Tripp y Andrews arc
offering 1927 900 OF City OF Godsboro, y. G
per cent. street Improvement bonds 4
yield Go per cent.
Cecil p. Young. formerly with Curtis
T ,So Sonss see N 81 n, Rober Marsba
& Co., members OF the New York Stock Ex-
change, II Broadway.
Carreau & Snedekcr. members OF the New
York Stock Exchange have moved TO 30
Wall street, and. fn addition 10 their regular
business. win deal In unlisted securities
selected list OF securities representing
companies producing commodities which have
been thoroughly liluldated arc given In the
current number OF Investment Survey, issued
by Scott q Stump.
j. Wesley Conn, formerly assistant manager
Of the Paris office Of the Guaranty Trust
Company of New York. and Peter Solari.
formerly assistant manager OF the constan-
tinoplc office OF that company. have been
appointed Joint managers OF Its CONSTANT
nopie office.
salomon Brothers & Ifu'zier are recon-
mending tho purchase OF oregon and Cali
fornla Railroad firFt mortgage sinking fund
Sc. at present market 10 yield about per
cent. The nature OF lien II first mortgage
on $50 miles OF the Southern Pacific Rail-
road. Approximately 81. SOC, 900 OF the issue
has been retired by sinking fund operation.
H. NJ. Ryllesby q Go. have prepared
booklet entitled "to2t Invcstments." Thirty
issues Of bonds. notes and dividend paying
preferred stocks arc deHcribed In II and one.
OF It's pages s devoted 20 odd lots Thr
booklet deals with municlpals and shows
deals ranging from 5.TJ 60 ~ per cent
The Officers and the directors OF the Public
National Bank OF New York have been re-
elected for the ensuing year and Edward l..
Lichtmnn and Harry l. Arrow have been re-
appointed Its assistant cashiers
Knnuth, Nachod a Kuhne have published
booklet dealing with outstanding events OF
tho past year In their relation to American
finance.
The New York herald., 1921-01-16

carreau & snedekcr, members OF the New
York Stock Exchange have moved 10 30
Wall street, and. ~ addition 10 their regular
business, VIII deal In unlisted securities.
The New York herald., 1921-01-16

Knnuth, Nachod a Kuhne have published r
booklet dealing with outstanding events OF
tho pss, year In their relation to American
finance.
The New York herald., 1921-01-16

Official bar silver in New York, domestic.
Qoisc. an ounce, unchanged: foreign, 67hc..
up &c: London, 40Ad., UP %d; Mexican
dollars, 5iHc.. up nc.
The New York herald., 1921-01-16

The Officers and the directors OF the Public
National Bank OF New York have been re-
elected for the ensuing year and Edward l..
Lichtman and Harry I. Arrow have been re-
appointed its assistant cashiers.
The New York herald., 1921-01-16
SILVER MAuKETs.

Clearing House exchanges. ST6f 1881 .Ts3;
balances, s82. .o25, GOT: Federal Reserve credit
balances, Sdj,5S2, 22l.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14
COVE COMMENTS

! had the pleasure of being
whiting a three minutes walk of
my old home on Jersey Island
a couple of weeks ago, but m.
fortunately it was only on a NOV,
ing picture screen, but the scene
was walk along the beach un.
der the overhanging elm trees
where | spent many happy hours
in my, youthful days. They also
put on several ,views-3 light
houses when there is only one
which was shown twice from diff,
ferent angles, the third was il
Guernsey however. Barring my.
self and family no one else knew
the difference.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14

thousands of these men receiving
medical treatment, compensation and
vocational training from the Govern.
ment today, started their efforts to
obtain them through the Red Cross
Chapter, The Chapter, acting as the
disabled mans agent in claims against
the Government, informs the man as TO
the procedure necessary to gain for
him that which is provided him by
Federal statute. His applications for
compensation, medical treatment and
training are properly filed with the aid
of the Red Cross Chapter,
Many Forms of Assistance
If there is delay before the mans
claim Is acted upon, the Red Cross
Chapter lends the man money to meet
the imperative needs of himself and
his dependents.
Most vital to the mans gaining full
benefit from the Governments care is
keeping his mind free from worry about
his home. Keeping the veterans fam
lily from hardship of every kind and
Informing him of It's welfare Is an.
other province of the Chapter. Free
from fear on this score, the mans re-
covery and advancement usually is
rapid.
Every month during the last year,
the American Red Cross has given
service Of one kind or another to an
average of 129,215 former service men
and their families. An indication Of
the extent of the faith reposed in the
Red Cross Chapter is to be found in
the fact that there were 35G,544 re-
quests for friendly aid in the solution
of personal problems
44e Workers In Hospitals
While the man prior to entering
Government care deals largely with the
Chapter, afterward he comes into CON
tact with the service provided by Ma
tIonal Headquarters. There are AS
Red Cross workers in the United
States Public Health Service and CON
tract hospitals nnd other institutions
in which these men are being cared
for whose duty is to provide for his
recreation, help him with his compen-
satlon claims, keep him in touch with
his family; In short, meeting his every
need outside Of that provided by the
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14
100000 AID
FOR VETERANS
Red Cross Provides Friendly
Service Of Many Kinds to
Army Of Disabled.
BULK OF WORK BY CHAPTERS
1897 Of These Are Helping Ex-
Service Men Obtain Bene-
fits u. S. Provides.

One field Of Red Cross service alone,
that of assisting disabled veterans of
the World War, entails expenditures
s4,000,0O0 greater than the aggregate
receipts Of the Annual Roll Call Of
1920, the American Red Cross an
nounces in q statement urging a wide.
spread increase in membership at the
Annual Roll Call, November II to "a
At the present time National Head
quarters and the nationwide chain of
Chapters Of the Red Cross Is spend
ing approximately $10,0OO,OOO annual
ly for the relief of disabled ex-servlcc
men and their families, while the ag-
Sregate receipts from last years Roll
Call were approximately $6,OOO,0OO.
1t Is in the $3.50 Of the 5000 Red
Gross Chapters which still are helping
solve the veterans problem of adjust.
ing himself to a normal civilian status
that the greater part Of the cost of this
service is borne. OF the total sum
spent for veterans relief last year,
National Headquarters expended a to-
tai of more than 100000, while the
remaining disbursement of approx
mately $70OO,OOO represents the con.
trlbution Of Chapters in this country
wide effort to assist the Government
In providing the aid sorely needed by
these men and their families.
An Ever Expanding Problem
That the problem of the disabled
service man is corresponding and
probably Will not reach the peak be.
fore 1925, is the assertion of well.in-
formed Government officials and that
1887 Red Cross Chapters regard ii
as their most important work is evil.
dence that the expansion is in nowse
confined to a particular section but is
on the contrary, nationwide. At the
end of the fiscal year, June 30, 1921,
there were 2G,S0O disabled service men
in the 1852 United States Public
Health Service, Contract and Govern
ment Hospitals and Soldiers Homes,
and that number is increasing ut
gate OF 1000 a month,
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14

Any doubt as to the popularity
Of Vashon island as a place of
interest and entertainment, is
forccably dispelled. The $50
p, m. Sunday trip of the ferry
Washington had a passenger list
of 225 foot passengers and 90
machines-this, now the fall sea-
son. What can we expect when
the summer season opens, and it
becomes generally known of the
high character of our roads?
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14

A large number of the B. H.
s. students attended the Puyal-
lup fair Saturday. All seemed
to have enjoyed the day very
much.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14

H. Krogh is preparing the
ground for a new planting Of
gooseberries and currapts, 1000
each. More work for the new
tractor. While at the Puyallup
fair last Thursday he fell in love
with a blue ribbon pen of barred
rocks and when last seen was
making preparations for their
reception at Cherryvale.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14

Are you a 1909 Girl? You
want to be? IL a. m. at the Bur
ton church next Sunday.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14

Mr., and Mrs. Morrill, are con
graduating themselves that the
carrying of water from the house
to their poultry plant will now
be at an end as they have a fine
200 barrel ciStern soon to be
completed with filter to use the
water from their poultry build
ings.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14

Mr.. and Mrs. J. Petry have
just welcomed home their son
Benjamin from voyage to
Honolulu, Mr.. Petry spends
much of his time at sea as wire
less operator.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14
THE MARKETS
Portland.

Portland.
Wheat - Hard white, soft white,
white club, hard winter and northern
spring, $103; red Walla, $101.
Oats-No. white feed, $25.
Corn-Whole, $50; cracked, $39.
Hay Alfalfa, SIS per ton; valley
timothy, s15@15.5O; eastern Oregon
timothy, $1S@19.
Butter Fat-4495Oc.
Eggs-Ranch, 4O047c.
Cattle - Choice steers, $5.5OQ5.75;
medium to good, $5@$5.5O.
Sheep = East of mountain lambs,
s5,5O@6; best valley lambs, $6@6.5O.
Hogs = Prime light, $9.5O@1O;
smooth heavy, $500.
Seattle.
Wheat hard white, Sl.O5; soft
white and white club, S1O4; hard red
winter, $1O7; soft red winter, $1.O3;
northern spring, $1.06i eastern red
Walla Walla, $1.O2; Big Bend blue
stem, $1.14
Hay--Alfalfa, No l, $40; mixed hay,
No /, $22; timothy No. l, $26; straw,
SIS.
Butter Fat-4664Sc,
Eggs-Ranch 45Q53c.
Cattle-Prime steers $5.75@6; me,
dunn to choice, $565.75.
Hogs Prime light, $9,5O910;
smooth heavy, $7G8.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14

The Freshman of B. H. s. are
giving a party for the school and
faculty on Friday evening of this
week
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14

The North End had large
number at the Puyallup fair the
closing days. All report a very
satisfactory trip. We were very
proud of the showing made by
the exhibits for the island.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14

Mr.. Bachelor carried a truck
load of neighborhood folks to the
fair Saturday including Mrs,
Morrill,, Mrs. jenkins, Mrs. Meers,
Mrs. Bittinger and several child.
rem,
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14

Mrs. Behner of Halfway, Ore
gon and Mrs, Frank Billiard
were visitors with Mrs. Jenkins
at Ivy Lodge this week.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14
so. HEIGHTS

J. w. Forrest spent several
days last week visiting friends
in the Puyallup valley and tax
ing in the fair.
Vashon Island news-record. [volume] (Vashon, Wash.) 1919-1954, 1921-10-14

Frank Ward has been spend
ing a few days on his ranch,
clearing the stumpss and getting
ready for blowing.