davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
u. S. Steel Meeting
Lowers Quoted Prices
Corporation Accepting Orders
at Figures Below Official
List. Saws Gary

Ebert II. Gary, chairman Of the
United States Steel Corporation, yes
terday confirmed reports that the COM
panys subsidiaries are meeting the new
low prices quoted by independent pro-
ducers on steel products. in the past
week the corporation has sent letters
to its customers quoting prices on vari
GUS materials from SO 60 $40 ton be-
low the official list made public on July
r. Judge Gary said:
"The statement published in Tine Wall
Street Journal on August concerning
prices of steel products is sabstanti-
ally correct, with the modification that
our subsidiaries have not made any re-
ductiors except TO meet the prices of
leading independent manufacturers.
Prices generally would seem TO have
reached the low point. as many, if not
most, of the manufacturers are at pres
emit selling below the cost of produe-
tion.'
Although not officially announced, the
new prices Of the Steel Corporation
represent the third cut this year the
first being announced April Is and the
second on July z, The new prices are
Si.75 a hundred pounds for steel bars.
compared with $3.50 on July Z; plates.
si.85. compared with 81; black sheets,
1925. compared with $50: galvanized
sheets, Ss-25, compared with 81 so,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
Corporation VIII Invest About sas, 900

Question: treasurer of a corpora
ton that has 100000 worth of Liberty
bonds. second an per cont. We want to
sell about half and buy come good bonds
in good bonds What do you suggestf-
Il. II. II.
Answer-We suggest the following
for an investment of between 10000
and $4,000 for a corporation. We as
sumo that marketability (liquid as
sets) is highly desirable. The prices
quoted for the other bonds are recent
quotations from which there may be
some variation when you are ready to
make your purchase. Pacific Gas and
Electric general and Refunding IS, due
1912, recently selling at rs; Lorillard
Debenture rs, due 1914 at LOG; Inter
national Mercantile Marine first and
collateral 6s, due 1871, at 10; Diamond
Match 7las, due 1886, at 103h; Cen
eral Baking first Is, due 1895, at so;
Standard Oil of California rs, due 1881,
at 1881; Westinghouse Electric and
Manufacturing rs, due 1881, at 101 "a
Northern States Poker first and re-
funding 5s, due 1941; Corn Products
first IS, due 1894 ut sc; Southern Rail
way first consolidated 5s, due 1894, at
Sd; Southern Pacific Central Pacific
collateral as, due 1949, at 70h; North
ern Pacific Great Northern Joine CHS,
due 1885, at 1908; Virginian Railway
first IS, due 1862, at 831a: Chicago
Union Station first gas, due 1868, at
los; Kingdom of Belgium 71as, due
1916, at 101; Government of Switzer-
land IS, due 1919, at 1059s, and Swed-
ish 6s, due 1889, at ssh.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
Market Street Railway IS

ouestion--will you give me your opinion
regarding the safety Of principal and In
terest of Market Street Railway first 5s,
1924, and also the prior preferred stock of
the came corporation and il you consider
it viii pay dividents in the near future2
Also. would like your. advice regarding
which is obnsidere dthe stronger bond,
Missouri Pacific general As. 1875, or Chi
csgo Great Western As, 1862 s.. c.
Answer-fWe consider the Missouri
Pacific general 4s a stronger bond than
the Chicago Great Western 4s, due
1869. We think that the Market Street
Railway IS, which are due 1924, are
somewhat speculative and the prior
preferred stock decidedly speculative
This is evidently also the opinion of
investors generally, since the bonds
have recently been selling around 10
The company's earnings are not en-
tirely satisfactory and unless there
was big Improvement in the com
pany's credit between now and 1924
the payment of the bonds at maturity
would present difficult problem.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
Financial Items

bs stencil May. formerly manager of the
scrn. department of Pynchon e Go has be-
! "a ~ associated With T s. Lisman & Co
asnt. u 'heir investment depart
soTs,,oI corhln. formerly manager Of the
d n 'veome associated with 4. !. Lisnan
sdsss Es IN cnarga OF their foreign securities
d n p,.ss'ent lie will be assisted by Joseph
feSsigss tetineriy assistant manager OF the
kans "a securities department OF the Amer
soFa.erlyp rs, sss Company, and Roy c. Cool,
An sssca solrespondence department ef the
Selaiesi Nj Express Company, will be asso-
Win him IN a similar capacity
sseftess hrothers Tea Company. Inc. re-
~ eensies IN June amounted 10 s1.sa9 :
lead fas "a RED with s1,Ss9S6s in June. 1920.
sssss AK 'e year TO date SSs55T, 1876, against
gsfG b sola s Trust Company of New
sena ~ oeen appointed transfer agent
ier , sne Hanover National Ranls yseia3 ra1s
cha a,s,, STOCK Of the Andes Corporatipn.
sf9ra,in ss't.oflsed eanital stock If the cor
a WITH - s,Vpo. 0ao shares or no par value
iag ~" a.aup,o0o shares will be outstand
EsnpoIgs,seew York Trust Company haa been
ass sss Gas and Es.setrIe o,u ., IN, IN
saf AZ aaagpEnat l. given fu secure az Sss,s
cent ss a,,se par value convertible 4 ner
HI gold notes. dus December t.
|SS{fass,,a /, :. ntssd States Mortgage & Trpsf
ztsas me, ~ trustee under the flrgt 4 y,ar
z5xny, 49, sas o. the FAifm9nt Coal Com
~ 1a buy ~ "a AZ nanu s9,S9a Sith which Il
Sss TIA saa aue and accrued futerest bone a
saasif =. SINKING fund g,enders ,s,,.ss ~
u Sssaa tns Office Of the feust ,,r,,,s ps
s. aoSn August is. :
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
Hopes to Avoid Loss on Canadian
Money

Question: have recently become very
much Interested in your Investment In
formation" and would appreciate your adj
vice on the following: I have had left to
me in Canada about 81 500 cash, which l
will receive in about thirty days. but owing
to the present rate of exchange do not
wish 10 convert II into American money, as
would lose about Is per cent. Would
you please name sorne good ana reasonably
safe Canadian bonds ten TO twenty years,
and paying around per cent, which I
could purchase with my Canadian money !?
/ also have 600 in Cuba Cane Sugar z
per cent convertible bonds, 1880, purchased
at about 9s, and $1,000 Cuba Cane pur-
chased In June at Go, also $1,000 Adiron-
dack Power and Light Company 6 per
cent bonds due 1850. at s71s. What would
YOU recommend on Cuba Cane? Would you
advise selling the one bond purchased at
&C. which / could now do without much
less. and would you recommend holding
the other two ?--S. II. NJ.
Answer-We would recommend your
selling one Cuba Cane Sugar and in
yesting in something else, and we would
advise you to hold the other two bonds.
We would advise you to buy one of the
Canadian internal loans with your
ready money. The 51a per cent Vic
tory Loan, due 1887, would be good.
1895.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03

The Merritt Oil Corporation has de-
cided to defer payment of the dividend
due at this time. c. F. Clay, president
of the company, yesterday issued" the
following statement:
I'm view of existing conditions the
board of directors has decided to defer
payment of the dividend due August Is.
The company is in a strong financial
condition, its cash or equivalent treas
ury reserve on July /, 1921, being in
excess of s1,s0o,0o0, but it has Been
considered for the hest interests of the
stockholders to adopt policy of stor-
ing crude oil and conserving the COM
pany's cash resources
AT present the company's gross pro-
duction, including it's joint operations
with the Ohio Oil Company. amounts
to $500 to 1000 barrels daily. With
the present price of so cents barrel
for Big Muddy crude oil it has been de-
cided to limit our production. so that
it will ont exceed 1000 barrels daily,
and to store a portion of the produe-
ton until conditions improve
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03

The Tribune prints each day tho mo-
tur1ty dates of oil active bonds quoted
on the Neao York Stock Eachange. The
return on bond to the ancestor depends
upon three factors: the rate of interest
the security bears, the market price
and the distance Of the maturity date.
10 figure the precise yield on bond it
as necessary TO use yield tables, but the
approximate yield can roughly be figured
ont by the following formula: Divide
the closing quotation on bond into
the rate Of interest it pays, and the re-
ep's soiU be tho annual return. If the
bond is selling beIov par you must
alIoac also for the appreciation Of the
principal. To do this sub tract the mar
ket quotation from par, or 100, and d.
eide the remainder By the number of
years the bond has to run before ma
tnrity. For example, If per cent
bond is selling at 90 and has ten years
to run. the annual return aviu be- CSC
per cent. The difference betwcen par
nnd the market price soiu be 10 points,
subtracting 80 from 100. Dividing ten.
points by ten gears, the quotient will Be-
l.. This figure is to be added to e.66,
,ohich is the annual return, and the re-
SUIT, 700 per cent, apilt give yow the
approximate gield
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
Virginia Chemical Has
Deficit of $l5,634,355

For the year ended May 81 the vir-
Sginia-C Carolina Chemical Company re-
ported a deficit, after charges, depre-
citation and inventory adjustment, of
ssl5,S4,355, compared with surplus of
.ssT,s52,O4e, equivalent, after preferred
dividends, to s20.26 g share earned on
sthe S27,984, 400 common stock out
standing in the preceding year.
Loss, after deducting $2,787 sos for
repairs and maintenance, setting aside
S2,44s,069 to reserve for doubtful
debts, cash discounts and price ad-
justments on accounts not yet settled,
and 100000 reserved for depreciation
and, after reducing inventories to
market value, amounted to S13,152,876,
against net earnings of s9,251, 745 in
1919.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
International Paper
Not i'm Arbitration

?. 7. Dodge, president of the Inter
national Paper Company, in state
ment yesterday declared that there
was no foundation for statements that
MS company would consider the adop-
ton Of wages determined by the arbi-
'rati6n proceeding now going on be-
tween the labor unions and group of
paper manufacturers. He said 1t should
be clearly understood that the wages
ana working conditions set forth in
sae companys statement to its en-
ployees dated May "a are the only
ones on which the company will en-
pioy or resmploy workmen in it's
manufacturing plants.
Unless business conditions improve
taere will be no object in the company
maElng any effort to start more than
Two or three of it's idle mills, as their
product will not be needed, and cannot
pe sold at q profitable price"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03

For the twelve months ended June
80, the American Light and Traction
Company reported net earnings of ST.
Slf.2s4, compared with S3,908,4S3 in
the preceding year. Surplus balance
was s8.73i,18S, against S9,5o9,774. Net
earnings for the first quarter amounted
to $3.50 684, and the deficit, 5000 334.
For the second quarter net earnings
were $966,617, and the surplsxs, $780,
1876. Cash account netted S1,I22,916.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
Santa Fe June Net
Shows Biz Increase

Atchison. Topeka & Santa Fe June
net earnings show an increase of s4,-
$4,000 in 1921 as compared with June,
1920, and this brings the company's
net up to $17,018,000 for the first six
months of 1921, which is only $1,222,-
600 less than the net for the first half
of 1920
The Seaboard Air Line, on the other
hand, shows deficit of $210, 900, which,
although it is less than the deficit In
June, 1920, pulls down the net for the
first six months of 1921.
Western Pacific is continuing to show
decrease month by month in net as
compared with corresponding months
of 1920,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03

:. WASHINGTON. Aug 2.-The Inter
ssate Commerce Commission to-day au-
snnor'zed the Illinois Central Railroad
.ompany to issue and sell at not less
s.sa sS.75 per cent of par 100000 in
.aateen-year 615 per cent gold bonds
asa to pledge as collateral s8,225 900
" It's own refunding mortgage a per
cent c gold bonds and $3,82O,000 Illinois
central Railroad Company and Chi
.agg, st. Louis & New Orleans Rail-
pad Company joint first refunding
mortgage per cent bonds. The issue
y to meet maturing indebtedness
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
Title of ID. & r. G..
Passes to New Road
Denver & Rio Crande Western
Officially Takes Control
of Line

Title Of the Denver & Rio Grande
Railroad has officially been transferred
in Denver to the new Denver & Rio
Grande Western Railroad. The ole
company, it was announced yesterday
no longer exists as an operating con
Germ, and the property is now under
the operating control of Joseph H
Young, formerly president Of the Nor
folk & Southern.
Though the official transfer of title
presumably does away with the ole
company it does not end the contro-
versy with the stockholders commit
tee which has been fighting the West
ern Pacific, to which the Denver &
Rio Grande went under the hammer as
the result of deficiency judgment fol
$40, 100000. The committee intends te
continue its efforts to win back title
to the road.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
marlborough Note
Extension Held TJp

The new Miller Transit Commission
for New York City has reserved deci-
zion on the application Of the Inter
borough Rapid Transit Company for an
extension of the s3s,144,0oo three-year
&! per cent notes, which mature Septem-
bar /, 1921.
The application. as now amended
asked that the commission authorize
the company to extend these notes
which are convertible into Interborough
Rapid Transit first 5s at 871s, for two
years at 8 per cent The Corporation
Counsel objected to hearings on the
application until after the suit whicl
the city has brought to Dust the Transit
Commission has been settled.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
The Equitable Trust Companv Is re-


On the New York Metal Exchange
tin was easy, with Straits and Straits
shipments quoted at 26.00@26.75c;
standard at 26.25c for spot and 90 per
cent at 25.75c asked. Copper, weak;
standard spot, August and September
ll.25c, and electrolytic spot, August
ana September, 12.D0c asked Lead,
dult' New York spot, 4.40c asked, and
East st. Louis, 4.20c asked. Zinc, dull;
New York spot, 4.s5c. and East
I.ouis gnct ahc aslod i
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
London Metal Market

LONDON. Aug. 2.-Standard copper,
spot s7o rs cd; futures s7o lbs. Elec-
trolytic, spot STA los; futures G7s los.
Tin, spot f158 IFS Cd; futures s1e0
LIS Sd. Lead, spot 923 12s cd; futures
s23 Is Sd. Zinc, spot e25 IS; futures
s26 cs Cd.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
New Argentine Market

80. hsOEN0S AYREs. Aug. 2.-Foreign
ff as rates were yesterday quoted
~ the first time in the Bolsa de
sss0mnereio, which recently opened an
ssenange market for the convenienc
lie members. The first days
ss,s asl was small, only cash transac-
sons being permitted.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
Investment
Information,

Questions OF general interest to IN
vsstoTs sciil be ansWered In this col
u,'sa. s,s which case only initials will
90 Mscd. Others scill be answered By
1saa. Address all inquisies, sncios-
,sg stamped, addressed envelope, to
Ftnancial Editor, The Tribune, ISI
Nossan Street. Nsw Yorx City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
Days Neau Issues

Dillon, Read G. Co. are offering at
SSA and interest, to yield 71a per
cent, $s,500,0O0 ten-year 7 per cent
bonds of the Tidal Usage Oil Com
pany, formerly the Guffey-Gillespie
Oil Company, guaranteed as to prin-
cipal, interest and sinking fund by
the Tide Water Oil Company. The
Tide Water Oil Company recently pur-
chased SAB per cent Of the stock of
the Guffey- Gillespie Company, giving
it control, and it plans to change the
name of its new subsidiary to the
Tidal Usage Oil Company. Proceeds
OF the sale of bonds win provide addi-
tlonal working capital to the Tidal
Usage and enable it to develop it's
productive capacity. The bonds are
dated August /, 1921, and are due Au-
gust J.. 1881. They are redeemable at
the option Of the company on any
interest date after sixty days notice
on or before August /, 1924, at 104 and
interest. the redemption price decreas-
ing one-haf Of per cent year there
after. An annual sinking fund of
$497,oo0, operating quarterly beginning
August !, 1923, provides for purchase
of the bonds If available at or under
par and interest
R. M. Grant & Co. are Offering a
new issue of 1907, 900 City of Will
mington, Del, 5 per cent sinking fund
bonds. The bonds are free from all
Federal income taxes and are legal in
vestment of savings banks and trust
funds in New York and Massachusetts,.
They are coupon in form, with priv
lege of registration, and are issued in
denomination of $1,000. They are
offered in various maturities from 1865
to 1857 at 1888 and interest, to yield
$40 per cent.
Harris, Forbes & Co. are Offering
$250,00o City of Norfolk tax exempt
6 per cent bonds, maturing July 15,
1899, at 104h and interest, to yield
approximately $50 per cent
The Equitable Trust Company Is re-
questing offers to sell to the sinking
fund notes due under Union Tank Car
Company equipment trust agreement,
dated August 2, 1920, to exhaust the
sum of $625,o00 at price not to ex-
ceed par and interest. Offers will be
orened August 10.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
Dividends

Standard Oh Company of Kansas - A
divident of - share has been declared
In Addition 10 the regular quarterly divl-
aend Of 50 share both payable septen-
Der 10 10 stockholders of record August al.
Regular Declaration
Stock
Pay holders
uMited Cigar =
stores ..... .atnn No. A.ss. "a An II
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03

Harris, Forbes & Co. are Offering
$2b0.ooo City of Norfolk tax exempt
6 per cent bonds, maturing July Is,
1899, at 10414 and interest, to yield
approximately $50 per cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-03
.iIway. Other Corporations

Am Tobacco
As l9als
/ 20
4 50
Amour Co
Ans 1889
:. 80
a T e. S F
Evening star., 1921-09-29
ADAM A. wEscHLER, AUcTIoNEER.

TRUSTEES SALE OF DESIRABLE DWELL
Ne, i7s2 WILLARD STREET NV. Az
ek STREET s.w:, AS sth STREET
Of the District of Columbia. passed in equity
cause No. 33lI3. the undersigned trustees will
q. S1 tf s s hs IN
parcels Of land and premises situate in the
city Of Washington. District of Columbia. that
ON THURSDAY. THE TWENTY.NINTH DAY
OF sEPTEMRER. 1921: At FOUR
lot 1872 In l.. ". Saunders and John T. Arms
recorded in Liber Il. folio 1879. of the records
improved by a brick dwelling house. No. Sc
At FIyE.riFTEES O'Clock Pm. =.
lots in square l31, as per plat recorded in
Of the surveyor Of said District: improved by
two apartments. No. 1852 Willard street north
on FRIDAY. THE THlRTIETH DAY OF
SEPTEMBER. 1921. AT FOUR-THIRTY
O'CLOCK Pm.
The southernmost half Of lot ~. in Todd and
plat recorded In book n. K, page go. of the
records OF the office of the surveyor of said
District: improved by n brick dwelling house.
No. 4i3 6ta street southwest.
AT FIVE O'CLOCK PM,
Original lot 81. in square All. improved by
west.
IMMEDIATELY THEREAFTER>
The north oue-half Of lot "E'' in W. A. Brad
Iey's subdivision in square 1885, as per plat
recorded in book n. H., page 2ii, of the
records in the Office Of the surveyor OF said
District: improved by frame building used
as store and dwelling. No. 500 Sth street
southwest
Terms of sale: One-third of the purchase
money in cash, the balance In two equal in
stallments, payable in one and two years from
the day of sale. represented by the promissory
notes Of the purchaser bearing interest at the
rate Of six per centum per amman. payable
semi annually. and secured by a deed Of trust
on the property sold. OF all cash. at the option
Of the purchaser. A deposit of 500 will be
required on each parcel at time of sale. Ex-
animation of title, conveyancing. recording.
notarial fees. revenue stamps. ETC.. will be at
the cost Of the purchaser. Terms Of sale must
be complied with within thirty days from the
day Of sale. otherwise the trustees reserve the
right to resell said properties at the risk and
cost Of the defaulting purchaser. after five
days advertisement Of such resale in some
sewspaper published in the city Of Washing
ton, D. c.
FRANCIS p. SHEEHY. Trustee.
Columbian building.
VINCENT A. SHEEHY. Trustee,
Columbian building.
as17 dads eYSu
Evening star., 1921-09-29
AUCTION SALES
sTHlR AFTERNOON.
THoS. J. OWEN L SON. AUCr1ONEERs.

TRUSTEES. SALE OF VALUABLE IN
PROVED REAL ESTATE. BEING A
FOUR-sTORY APARTMENT RUILDING.
CONTAINING SIN FURNISHED APART
MENTS, WITH HOT-WATER HEAT
AND ELECTRIC LIGHTS. NO. 1223
18th STREET NV.
BY virtue Of . certain deed Of trust duly
.ea., Of the land records c. the District of
Columbia and at the request Of the party
secured thereby. the undersigned trustees will
seIl, at public auction. in front Of the prem.
tses THURSDAY, THE TWENTY NINTH
DAY OF SEPTEMBER. A. D., 1921 AT FIVE
O'CLOCK PM, the following described land
and premises. situate in the District of Co
hered one hundred and fourteen (114) in Ran
doiph Goldschmid's subdivision in square num-
bered two hundred and twelve t2l2). as per
plat recorded in the office Of the surveyor for
the District Of Columbia. in liber 13. at folio
%. including contents and furnishings of said
building. particulars Of which will be an
nounced at the time Of sale.
Terms of sale: Sold subject to a prior deed
OF trust for about $4.500. 90. payable monthly.
subject also to a second deed of trust for
100000 overdue, particulars Of which will
over said trust to be paid In cash A de.
posit Of $500 required at the time Of sale. All
conveyancinx. recording and revenue stamps,
etc, at the cost OF the purchaser Terms Of
sale to be complied with within 30 days from
day Of sale. otherwise the trustees reverse the
right to resell the property At the risk and
|, cost Of the defaulting purchaser after five
days advertisement Of such resale in some
newspaper published in Washington. D. c.
JESSE W. RAWLINGS,
= 8. X. NORMAN.
Evening star., 1921-09-29
PROF. HUMPERDiNCK DIES
Well Known German Composer
= Apoplexy Victim.

By the Associated Press.
BERLIN, September 2s.-Prof. En-
xelbert saumperdinck, the well known
composer. died OF apoplsxy In Neu-
Strelitx today.
prof. Humperainck. several times
visited the tinted states for the pro.
duction of his operas. among which
the most noted were "Hansel ana
Gretei," and "Children Of the KiaSs
(pte Eosnigskindef).