davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-07-08
ATLANTIC COAST Is
NOT TO TAKE L. & N.
Increase in Stock Of Western
Line Prompted by Mort
gage Plan.

There has been no consideration OF a
consolidation Of the Atlantic Coast
Line and the Louisville and Nashville"
Henry Walters. chairman Of the boards
OF directors OF both railroads. said last
evening.
Mr.. Walters's statement was prompted
by the report that the proposed increase
OF SIS. 10000 In the stock OF the L. and
\. was TO pave the way for the absorp-
ton OF the road by the Atlantic Coast
Line Railroad. which now owns ma
1ority OF It's capital stock.
When the directors voted last month
to increase the stock OF the Louisville
and Nashville from s72 900 to s15 900, :
900 and to distribute as a stock dividend
the $53, 900 900 increase. or as much thereof
as the Interstate Commerce Commission
shall authorize, the official statement
said the stock increase was deemed nee
essary to arrange for first and refund
ing mortgage and to maintain the pres
ent to l ratio between the company 8
bonds and It's stock. The stockholders
will act on the proposals at a special
meeting in Louisville on July %.
At the offices Of the Delaware, Lack
awanna and Western Railroad 1t was
said that reports that the company was
planning a merger with the Pere Mar
quette and Nickel Plato railroads had
no basis.
The New York herald., 1921-07-08
Rail Issue Authorized.

The Minneapolis and st. Louis has
been granted authority to Issue s1,5s3,-
033 of its rent notes. to assume liability
in respect to obligations of the National
Railway Service Corporation to the
United States for a loan OF s3S6, ,1s0, and
pledge with the Secretary of the Treas
ury 1919, 900 of refunding and extension
mortgage s per cent. gold bonds and
other bonds. c. Il. Schaff. receiver of
the Missouri, Kansas and Texas Rail-
way Company OF Texas. was granted
authority to extend the maturity of
$4,000 900 of receivers certificates from
February Is, 1921. to February Is, 1929.
The Arkansas and Missouri
Railway Company was granted author
ity to issue at par s1,0o0.ooo OF capital
stock, the proceeds of which. are to be
used in acquiring and rebuilding a line
OF railroad from Monroe. La. to Cros-
sett Ark. The Lancaster and Chester
Railway Company of Pennsylvania ap-
piled for authority to enter into an
agreement with the holders OF s135,0o0
of its first mortgage twenty year per
cent bonds, maturing on July /, 1921, to
extend them for a year and increase
their rate of interest to per cent.
The New York herald., 1921-07-08
BANK HERE.
EARNS 10 PER CENT.
Profits in Six Months Are AL
most $21,OOO,00O, but Be-
low Last Years Mark.

The Federal Reserve Bank of New
York earned net profits equal to more
than rs per cent. on its paid In capital
for the six months ended June 80, ac-
cording to deductions made from the
statement at the close OF the period.
These earnings are considerably less
than those for the corresponding period
a year ago.
The weekly statement disclosed an In
crease in the surplus account OF S2,so4.-
900 from $56.414,456 to $59.31S.S6S. ana
showed also that the Governments
franchise tax for the half year ended
June 80 aggregated S17.100.o0o. AS the
Federal Reserve Bank OF New York paid
8 per cent, or approximately 100000.
In dividends. the figures indicate. accord
ing to statisticians. net profits for the
half year of nearly S21,000.000. or an
annual rate Of S42, 100000. compared to
s5s,12s,12o in 1920 and S27.959,61s IN
1919.
The increase in paid in capital in the
six months was slightly in excess OF
s500,000. The law provides that an
amount can be transferred to the sur
plus account sufficient to bring the sur
plus up to 100 per cent OF subscribed
capital, which is double the paid In
capital. TnlS increase OCCuifeu dpoos
May and it permitted the transfer to
surplus on June 80 of approximately
s1,o00,oo0. The balance of the transfer
to surplus, or s1.9o4,o0o. represents 10
per cent. of the profit remaining after
the payment Of dividends and the pre-
vious transfer to surplus.
These figures indicate that net profits
of s2o,o00,O0o were equal to approxi-
mately IT per cent on the approximately
s27,00o,000 paid in capital. or an annual
rate Of about $50 per cent. The net
earnings available for dividends were
almost 200 per cent. of paid In capital
in 1920. The decrease from the peak
record of 1920 is due in part to the smaller
volume Of paper discounted as we'll as to
a decline In the rates Of discount. A still
further decline In the rate OF earnings is
to be expected during the remainder OF
this year.
For the system as whole the rise IN
surplus was almost $12.000,00o and the
amount reserved for the Government
franchise tax was s42.o65.ooo. indicating
net profits for the half year In excess OF
s54,000.o00.
The New York herald., 1921-07-08
Canadian Issue n Success.

Dillon. Read & Co.. as managers OF
the account which offered at 10 A. NJ.
yesterday S25,oo0,00o of the Canadian
National Railways canadian Northern
Railway twenty-five year "a per cent.
(non-callable) sinking fund gold deben-
ture bonds, announced three hours after
the opening of the books that the sub
scriptions to them had been closed, all
the issue having been sold. The bankers
did not form g. syndicate. but they
organized selling group. which had
its selling participation 100 per cent.
firm until noon yesterday. AS soon as
the reports came in it was found that
the selling group had disposed of the
participation. The success Of the offer
ing has broken the Ice for further offer
ings. but bond experts contend that the
present is the time for only the choicest
OF offerings and that investors are Ger
tain to exercise keen discrimination.
The New York herald., 1921-07-08
Porto Rico Bonds ofered.

Hallgarten g. co. are offering an issue
Of 81 600, 900 of the People of Porto Rico
(Insular possession OF the United
states) AZ per cent public improve
ment gold bonds. maturing serially in
four series OF s250.000 n year in 1887
to 1910, inclusive. at prices. according to
maturity. to yield more than $50 per
cent. They are issued under authority
of acts of Congress of the United states
and of the Legislature OF Porto Rico
and are as completely exempt from Fed
eral, State and local taxation In the
hands of individuals as the United
States Government Liberty 3h per cent
and Victory 3% per cent bonds.
The New York herald., 1921-07-08
The Rochester Maturity.

One of the next public utility maturi-
ties which may call for the issue of
new securities Is that of the Rochester
Railway and Light Company. the issue
being a s3.900.o00 general mortgage
gold rs. series A. due on September l.
That issue was offered in September.
1918. by the National City Company, the
First National Bank. ]. p. Morgan &c
Co. and Harris. Forbes & Co. at 9S
and interest. 1t could not be learned
whether the Rochester issue was the one
about ready for offering. On July the
Rochester Gas and Electric Corpora
ton. a subsidiary of the railway and
light company. paid off at maturity
100000 OF Az per cent bonds. 1t was
announced also that the company was
planning for extensions to its power
plant and system to cost about
$1,5o0.000, and which will be financed
by a bond issue, 1t was stated, being
arranged.
The New York herald., 1921-07-08
p. IL. II. Bondr Rendx.

The treasurer of the Pennsylvania
Railroad Company is prepared TO COM
mence delivery on July IL of definitive
bonds of the issue of s60,000.00 Of the
Pennsylvania Railroad Company's flf-
teen year 6h per cent. bonds on sur
render of interim certificates at the COM
pany's office. IS Cedar street. New York.
or at its treasurer's office, Broad Street
Station, Philadelphia.
The New York herald., 1921-07-08
Readjustment
ALLIED PACKERS,
INCORPORATED.

Notice is hereby given that the
undersigned Committee has modi-
fed the Plan dated April 80, 1877,
and has caused statement OF such
modification dated July I, 1921,
tobe fledwith CENTRAL UNION
TRUST COMPANY OF NEW
YORK, the Depositary, and with
FIRST NATIONAL BANK OF
PHILADELPHIA, FOR T
DEARBORN TRUST AND
saw NGS NIX OF
CHICAGO, and FIRST MA
TIONAL BANK OF BOSTON,
the Sub-Depositaries. Holders of
Certificates of Deposit will be
irrevocably bound and concluded
by such modification unless they
exercise their right OF withdrawal
within the period and otherwise
as provided in said Plan and
Agreement dated April 80, 1921.
Holders of Certificates Of Deposit
exercising such right of withdrawal
shall not thereafter be entitled to
any rights or benefits under said
Plan and Agreement.
The Modification of the Plan
extends the voting rights Of the
Prior. Preference Stock, limits
the authority of the board of d.
rectors to declare dividends, other
than the cumulative 40 dividend
upon the Prior Preference Stock,
provides for the establishment OF
a sinking fund for the purchase or
redemption of the Prior Preference
Stock and postpones payment Of
part of the 10 dividends upon the
Preferred Stock until after the
payment of the participating div
idend upon the Prior Preference
Stock. Copies of such Modihca-
ton and Of the Plan and Agree
ment of Readjustment as so
modified may be obtained from
the Depositary and the Sub-De-
positaries, or from the Secretary Of
the Committee, and all persons in
tercsted are referred to the same
for full and accurate statement
of the contents thereof.
The modification Of the Plan has
been made at the request of the
representatives of holders Of De-
benturcs, with the assent of the
representatives of stock of both
classes and upon assurances that
additional deposits would be
made if and when such modifica-
tion was effected. There is now on
deposit more than 44@o Of the De-
bentures, more than 500 of the
Preferred Stock, and more than
so% OF the Common Stock.
The time for deposit OF all
classes of securities has been ex-
tended until the close Of business
on JULY 27, 1921.
Dated, New York. July 5. 1921.
George w. Dawson, Chairman
Clifton II. Dwinneu
James G. Fenhagen
John Fletcher
Herbert I. Foster
william A. Law
Edwin c. Lewis, Committee
c. z. Sigler, Secretary
30 Broadway, N. Y. City
The New York herald., 1921-07-08
DIVIDENDS.
HEADS MEXICAN LINES.

MEXICO CITY, July 7.-Ernesto Ocar-
rama Llano assumed to-day the duties
of Director-General of the National
Railways to succeed Nicolas Proccl.
who had been temporarily In that office.
Ramon dc Negri. who has been acting
as President Obregon's personal repre-
sentative In the railway administration.
will continue In that once.
The New York herald., 1921-07-08
state of Washington Skies.

The National City Company received
yesterday the award for S3.000.000 OF
general fund 6s, aue in 1926 to 1910. in
elusive. and offered them promptly at
prices for their maturities from 100 to
105.s5. their yields to be 6 to 5h per
cent At the close Of the day approx
mately 20 per cent Of the amount Of
fered had been sold.
The New York herald., 1921-07-08
Average Bond Prices
,JuIy Z. 1921.
BOND NEWS AND NOTES.
Utility Offering Expected.

An offering of new public utility se-
curties aggregating an amount in ex-
cess of S6.000,000 is to be made to-day.
provided that certain details not COM
pleted yesterday be consummated this
morning. Neither the members Of the
offering syndicate nor the name of the
company were obtainable yesterday on
the ground that full details had not been
completed
The New York herald., 1921-07-08
TO THE HOLDERS OF
ANACONDA COPPER MINING co.
10 Year Secured Series "A' 8ss and Series
45 and AZ Wall Street

10 Year Secured series "a O1o "nu 1870
I'D" 7Sc Gold Bonds Due january 1, l92s.
NOTICE is HEREBY GIVEN that tn.
amount of funds now in the Sinking funo
provided under the Supplemental AgreeInent
dated July I. 1920. supplementing the Trust
Agreement made by Anaconda Copper Min-
Ing Company dated January :, 1912, Is
sT50.000 and that Guaranty Trust Company
Of New York, as Trustee. pursuant to Article
Nv. of said Supplemental Agreement, VIII re
ceive at Its TRUST DEPARTMENT. l4o
Broadway, New York City, until 10 O'Clock
A. NJ, on Tuesday. August 80. 1921, sealed
proposals for the sale to II OF bonds (either
Series "a" or Series "B'D secured by said
Trust Agreement and Supplemental Agree
ment. IN such amount as will exhaust the
Sinking Fund monies in hand at the lowest
prices at which said bonds VIII be offered
for sale. but not exceeding price at which
the rate Of return. based on the Yield from
August 30, 1921, TO January 1, 1920. would
be not less than Geo per annum. Interest on
all bonds purchased will cease on August 81.
1921, and payment OF the amount OF the ac-
cepted offers and accrued interest due there
on will be made upon delivery TO the Trus-
tee OF the bonds purchased, together with
proper Federal Income Tax Ownership Ger
tificates.
Tho right Is reserved to reject any or al!
offers In whole or In part.
GUARANTY TRUST COMPANY
OF NEW YORK.
BY CHARLES II. SAB1N, President.
Dated July 2. 1921.
The New York herald., 1921-07-08
All baltimore nondr sold.

The s4.277.o0O OF the city of Balti-
more's registered per cent serial
bonds. offered by Estabrook g. Co.
RemiclS Hodges & Co. and Hannahs. Bal
line & Lee and the Mercantile Trust and
Deposit Co. Of Baltimore were sold be-
The New York herald., 1921-07-08
June 2s. rct,

1. The Pennsylvania Railroad Company re-
quests bids under Section 10 OF the Clay
ton Act, Contract Serial No. 5013. for:
900 900 gallons creosote Oil, A. w. p,
A. specification. Grade No. 4, delivered
into r. X. II. tanks at Greenwich, Phiia-
deiphia. Pa, as may be required during
period August to December 81. 1921.
inclusive.
2. Bids must be submitted on or before noon,
Eastern standard Time, July 22nd. ln2l.
gomery Smith, Purchasing Agent NJ. w.
Corner nth q Filbert Sts 9th Floor.
formation may be obtained
g. Company reserves the right to reject any
and all bids or to accept any part OF any
THE PENNsyLvAN1A r. r. COMPANY.
July 9Th. 1921.
The New York herald., 1921-07-08

Total reserves
Bills discounted
Secured by u.
For members. .
For other Fed
eral Reserve
banks ......
The New York herald., 1921-07-08
COMPANY OF OREGON
First Mortgage Six Fer Cent Gold Bonds,
rlun Ia uuarw 4 ina

The Farmers Loan and Trust Company
as Trustee under the Mortgage made by the
Northern Pacific Terminal Company Of Ore
gon, dated January I. 1883. soicits offers Of
bonds for the sale I, the Sinking Fund under
said Mortgage of NJ many bonds OF said
issue as 49, 20. asv'icable to the purpose,
will redeem at not eSNSedng premium OF
ten per cent. upon the .Sincipal. and that Y
will purchase said bonds TO the extent OF the
said sT5,44T.20. being In It's hands for that
purpose, at the lowest price or prices not
exceeding the rate above stated. Offers OF
Noon on Friday. July 10, 1921. and should be
directed as follows: Proposals to Sinking
Fund OF The Northern Pacific Terminal Com.
pany OF oregon, The Farmers Loan and
Trust Company. 1872 william Street. New
York City"
THE FARMERS LOAN AND TRUST
COMPANY. Trustee.
BY JAMES II. PERKINS, President.
DATED New York, ". ", July I. 1921.
The New York herald., 1921-07-08
PROPOSALS.

1. The Pennsylvania railroad Company re-
quests bids under Section 10 OF the Clay-
ton Act, contract serial No. SOLO, for:
Repair parts and fittings as may be Ss
uuired for maintenance OF Baldwin pt<s;
locomotives during the period july - S.s
December 81 1921, inclusive.s
@ Bids must be submitted on or before noon,
eastern Standard Time. July IL. 1921, and
will be received and opened by MorSs- -<@,-
cry smith, Purchasing Agent, n. w. csl-
n.r 18th and Filbert Sts., Philadelphia,
Pa, where full detailed informa tieu mag
be obtained.
a Company reserves the right 20 reIecy -sy
and ali bids. or to accept any part CO s>--s
THE PENNSYLVANIA RAILROAD cors-
v5ry
June %. rc+s.
The New York herald., 1921-07-08

public offering of ss7a.ooo of Sh per
cent. coupon bonds of the city OF Co.
lumbus, Ohio, dated January 1 and
March /, 1921, and due serially on June
4, 1923, 20 June /. 1871, inclusive, at
prices to yield to $50 per cent.
The New York herald., 1921-07-08

NOTICE hereby given of loss certificate No.
p2s1S-fo0 eharos Guffey Gillespie OH In
nanns OF Preston watt schoyer. Application
made for new certificate.
NATIONAL SURETY COMPANY,
fi5 Broadway, N. X. City.
The New York herald., 1921-07-08

fore the close Of yesterdays business,
according to an announcement by the
bankers.
The New York herald., 1921-07-08
NY. RESERVE STATEMENT.

The following table shows the condi-
ton Of the Reserve Bank In New York
at the close of Wednesdays business and
at the close Of business on June %:
RESOURCES.
The New York herald., 1921-07-08

PARIS, July Prices were quiet on
the Bourse to-day. Three per cent
rentes, Sc francs so centimes exchange
on London. 46 francs SIS centimes: 5
per cent. loan, SO francs 10 centimes, and
the dollar, IL francs SO centimes.
The New York herald., 1921-07-08
FOREIGN MARKETS.

LONDON, July 1.-THE tone Of to-day's $
stock market was steady. Bar gold,
1ios. Cd. ; money. AZ per cent and dis
count rates, short bills, per cent three
months bills, * per cent
The New York herald., 1921-07-08
CoIum bus, Ohio, FIotation.

Remick. Hodges & Co. are making
The New York herald., 1921-07-08

Green Bay & w
deb ser B
4....... 6l2
Hook Val AIS
1.......70
Hud & Man I'd
IS Series A
B. .6Gl2
4 Gaax
The New York herald., 1921-07-08
Bills bought In
open market.

Total bills on
hand ......
u. s. q o v I.
bonds & notes.
U. S. certificates
One year GER
tt &c a tes
(Pittmanact)
All others. -.
The New York herald., 1921-07-08

RESPONDENTS. s4o.657 ,65i .9s s41. .449, ,494.17
Reserve percentages of a year ago calcu-
lated on basis OF net deposits and reserve
notes In circulation.
The New York herald., 1921-07-08
Total earning

assets .....
Bank premises.
SO redemption
fund against
+ e d eral Re-
serve B a IL k
notes ........
L n C o ] ! ected
items .......
All other re-
.A...aAa
The daily Alaskan., 1921-02-17

E7APPERS-Northern Birds eggs wan ed. Eagle S2.50; FelcOn S4,bJ Ot ger Write for partI- culcrs 8Ii'I;T; Naturalist; East ClandCL; Ohio.
The daily Alaskan., 1921-02-17
Unknown Person Accuses Captain
 Of EStabeth
Skagway Feb. 18th 1921


 Capt. Estebeth-
 Sir-We are in Possession of ab- solute proof that liquor Is being brouEFr into SEagway by your boat end Icing sold here and has been Sold la,o for some time past. These f7nts a,e undc1iable and can be o-ovr7 ,or"Iusivelv on short notice. Now vau will pleasa Soc that this of intoxicating liquor is stopped at once, between yourself or any members of your crew and ... u-n'. of S'-aEwav. Just take trt. friendly warning immediately a.I do not allow any more of. this or you will find yourself "Up against Ind" .rm', flor hir and once he .aF1a you in tow you will find it ..-,"t-v hard to cut the line and nr will take ycu where he likes. rfs and s0ve yourself future z. a.," if you cen.
 It tl- author who lacked the courage 10 sign tl" about communi- .rftor will come cut in the open I y5I ra alI ,an to aid justice.
 J. V. Davis
 #. .t the E.tebcth.
The daily Alaskan., 1921-02-17
Dredging Keeps UpPrOduction
 Of Gold

Gold dredging has declined rela- lively less than other forms of plac- CT mining partly because some of the dredgcrs are working Very rich ground partly because the in vestments in this form of industry are so large that many companies continue operations even with Very Small profits. In 1919 there were. 2S dredges operating in Alaska which produced gold worth $1O0OOO in 1920 there were 22 dredges Opcr- ated which produced gold worth S 100000. The relative efficiency of gold diedging compared with other methods of placer mining is illustra- ted by the fact that in 1920 about 300 men or 16 percent of the total placer miners employed in Alaska produced $1O2OOOO or 2S Percent of tho total placer gold mined.
The daily Alaskan., 1921-02-17
Salmon Slump Cuts Freight
 CargOeS

Sehttle Feb 1G-Figures on the Majika salmon shipments handled by the transportation companias in 1920 'how that they were approximately ualf in volume thGsc handled in 1919 with a corresponding shrlnkage in freight revenues. While more than S0OhOOJ cases of salmon Were shiDpeI out of Alaska in 1919 but 15OO00J cases in round numbers have l~ea shipped this year. The records of the Pac ZIG Steamship Co ,loa that ,re company handle ItopOOO cases in 1919 and but i5l. UJ0 cs'ss ID 1920 So while meet- fu. cousr!sr. bly, increased operating co sts during 1920 the transportation companics are facing nearly a fifty percon: decrease in freight revenue flom salmon shipments.
The daily Alaskan., 1921-02-17
Sniders That Fish.

It has berU thought u wonderful! thing that dog has caught fish, but more wonderful as fisherman Is spider that Is found in south Africa. Ii measures four inches across with legs stretched out It places itself at the edge of the water with two of its legs on q pebble or stone and the other legs spread out on the wa ter. As the spider sits mOttonleSS, fish comes swimming along under the spiders ouJstre,ched legs, which are then suddenly thrust down into the water. closed around the fish. and the spider makes downward plunge, driving it's tangs into It. Al once the spider climbs out on its pebble o' stone and dcyuurs the fish.
The daily Alaskan., 1921-02-17
Yes Bay Hatchery
 Given Repairs

Extensivs repairs are being made at the Government hatchery at Yes Bay. A new pie line 4000 feet long has been completed to furnish the hatchery with light yower and water. A new foundation has all So been completed under the main hatchery building and new hatcher troughs are under cOnstrction.
The daily Alaskan., 1921-02-17

.t the E.steboth.
The daily Alaskan., 1921-02-17
Copper Leads In
 December Export

Shipments of Alaskan producb to the states for December had to- tai value of more than $2,000, 900 according to the monthly report of tho U q Collector of Customs Jun eau Alaska. Copper ore valued at $1O5SQS1 headed the shipments in point e value.
The daily Alaskan., 1921-02-17
HaineS Notes

Haines. Alaska, February Sth.-
 Our esteemed citizen Homer 0. Banta has received the sad news by wire that his father MT. Henry Banta of FreSno California has nass- ed on 10 the great beyond.
 MT. Ranta has made several trips to Alaska to visit his son II. O. Banta and his family. TT, wrs hN-a during part of 1a'.t summor and during his visits to TTainos has made great m'ny friends. +" w's Of a Nndln disnosition and madN friends wherever ho went and his iriHNds wera numbrrrd by his &C., QuTuterCrs. Un served in th' Union Army d"ring tho graot civil war, was honoranly ditchar-cl and has been member of the Grand Army or tho Republic since his discharge from tho armH. IT., also ts m honor7rv mcmb"r Of C1u,o Hainos No. r of tho Arctic Brotha hood. w. can pay him no great or tribute than to s0l that he WIS ev~r l oa~Iv w0D among mn.
 lIr 0amrg Banta was born AIor.h 14th TS41 and was SD vars C.I when he Da-scd away. IT, w2s 8 litive Of Missouri.
 His son Homer and wifi, hay. t.. heartfelt sympathy Ct the whole ."wm.rt.~ tl r1i+ timely hour of h"rslvwrut.
The daily Alaskan., 1921-02-17
Raw Fur Tannery
 Starts In Alaska

4 tanne,y for raw furs has been e'tabh'led at Charcoal Point hear ketchiFan. investigation has prov cd that the skin of the hair seal makes an excellent grade of Ieather and tue tannery will specialize in the tanning of these hides.
The daily Alaskan., 1921-02-17
Tuneau Club Will
 Boost Capital City

The Juneau Commercial Associa- tion is assembling data for the pub lication of an industrial booklet on Juneau. The pamphlet will cover the mineral timber agricultural anc general resources and opportunities of tho territorial capital.
The daily Alaskan., 1921-02-17

Naomi Chapter No. g, O E. s me .ts in Masonic Hall first and tt'rd FrIiays of each month at B P. M. Tisiting members welccm"
 Charlie Marie Sparks
 Worthy MatrCn. Leila E. Crow, Secretary.
The daily Alaskan., 1921-02-17
Fish Traps
 To Be Allowed

Under a ruling made by the war department at Washington D c fol- lowing public hearings in Seattle anC Juneau Alas'Ia floating fish traps may be op"rated In Alaska waters this year under practically the same c uditi0ns as those prevailing last year.