davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-04-08
New Municipal Offerings.

Blyth. Witter q Co. and the Anglo
and the London-Paris National Bank
are offering $500, 900 of the city and the
county Of San Francisco school Az per
cent. bonds. dated March /, 1918, and
due serially in 1889 10 1912. both inclu-
sive. for prices to yield $40 per cent.
The bonds are direct obligation OF the
city and the county, their principal and
interest being payable from taxes levied
against all taxable property therein.
Redmond & Co. are Offering $4,000 OF
city Of Cleveland, Ohio. direct obligation
5ia per cent bonds, maturing in 1921 70
1860. both inclusive. for prices yielding
6 to $50 per cent. A syndicate composed
Of Harris, Forbes & Co, the National
City Company and Estabrool1 & Co. of
New York, and Hayden, Miller & Co. OF
Cleveland is offering an issue OF S621, 900
Of city OF Akron. Ohio, municipal per
cent. bonds, due $121,00 on March /,
1922. to March 1. 1891, both inclusive.
and 100000 on April /, 1922. to April 1,
1881. both inclusive, for at prices TO yield
$50 TO 8 per cent, according to maturity.
The bonds are legal investments for saw
ings banks and trust funds In New York.
Connecticut, Massachusetts and other
States
The New York herald., 1921-04-08
Libertys Continue Active.

Liberty bonds continued the centre OF
attraction in yesterdays bond market.
advances in that department exceeding
y point. As on Wednesday. the fourth
< rs and third 4iis were the most active.
The former advanced more than =, a
point 70 S7.9S and the latter rose from
zoos 10 81. There was also a brisk
demand FOR other Libertys. At yester-
days top prices tho fourth 4i4s were
up more than points and the third AZ $
about 3 points from the low records OF
this year. Foreign municipal bonds were
active. and strong gains Of point and
more were recorded by the city OF Copen-
hagen and the city OF Toxic issues. In
fndustrials American Sugar So
were prominent, advancing about point.
American Smelling IS rose from 1874 to
r6a. Other active industrials were
Westinghouse Electric 7s, Standard Oil
OF California 7s and United States Rub
Der 71as. Atchison adjustment As were
active, with advancing prices, and Penn
sylvania gold Gas we're also active but
little changed.
The New York herald., 1921-04-08
BIG u. S. INVESTMENTS
IN CANADIAN BRANCHES
Total Doubled IN FiUe Years,
Says Banks Report.

The Canadian Bank OF Commerce in
a survey OF Canadian conditions says
that British and American capital in
vested in branch Industrial plants in
Canada amounts to-day 10 almost $780,
0co,000. In the early part of 1914 Ameri-
can capital invested in branch factories
IN Canada was estimated at sl35, COO. 900.
Five years later it was s95o. .00o. coo. SIM
tar statistics could be given for Great
Britain.
Canada produces annually marketable
commodities OF all kinds valued al
nearly 5000 0oo019. calculated b. the
bank as follows as against figures OF
ten years ago 900 900 omitted:
The New York herald., 1921-04-08
LAND BANK BOND
OFFERING COMING
Will Be About Sto.o0o.oo0
and in TAn Days-Deuoit
Edison Flotation.

An issue OF Fedearal Land Bank bonds
is scheduled for offering in about ten
days. possibly on April 49, and tne'
amount is estimated as 100000 10.
st0,oco.oco The offering syndicate mas
been enlarged by the addition or the
Guaranty Trust Company. The other
houses are Brown Brothers & Co. Har-.
ris. Forbes & Co. the National City
Company, Alexander Brown & Sons ot'
Baltimore and Lee. Higglnson & Co.
The chairman OF the Federal Farm.
Loan Board announced recently that.
the requirements OF the system are in
the neighborhood OF s76,oooooo. The
financing will be accomplished in two'
bites instead or By single offering.
The New York herald., 1921-04-08
BONDS STOCK EXCHANGE

THURSDAY. APRIL !. 1921.
The New York herald., 1921-04-08
sEr dividend.
STTEI, STOCKS.
CHEMICAL STOCKS.
PRODUCE.

BLANS-Msrrow, 1920. choice. 100 lbs,
s!,i5: red kidney, 1890 $3.50: white kidney,
si3ais.50.
BrTTEH-creamery, higher than eStras.
ID. iMsg50c,: extras. 81 score, ssc.: firsts.
9td3Tc. unsahed, higher than extras, 52M1
53c.; extras, 5ttsa52c.; firsts. 4sd5fc.; see
ondc, 3antic. held or storage, extras. t3a
4fc.; firets. 3Tnsac.; seconds. 2gI3Gc.; lower
grades. 25d2sc.; Danish, casks, fresh, 5I]sat
fsl.c.: State. dairy. tubs. finest, 4Iiad4Sisc.
good 70 prime. 4i@41c.; common TO tsir, 2oI
rent make. fips,s s a5assisc: ~ 't seconds. oi,sa
2oc.: lower grades. a0aoic: packing stock,
current make, No. !, c2c.; No. .. 2fc.; lower
grades, 1Im2oc.
CHEESE--state. whole milk, hsld. early
aSs made, flsts specia,s ID s5aSas fall
fresh specials. 24m24ikc.; average run. 2aa
e3,sc.; lower grades. isa2otsc.; twins, held.
Pfso ag2Ts HsS a; sssssSs run held aSS gEs
2Ggesiac.; single Daisies, held, 2'iau Zslsc
double Daisies, held. 21i.Toshe.: Young
Americas, 2,a2se irssh' "s,fn 2s., cdns ski,ns'
b1ec.
EG6s-f'resh gathered, extras, dozen, 500
samc.; storage packed, extra tirsts; 5in
2iisc frsts. aoiSs3o,se: fresh estrs firs,s; s,s;
2ec. dlrties. 40. 4, 2s9otc.; No: z; 2ia2a,sc,
checks, fair 20 choice, dry, .fT22ise duci,
oggs. Baltimore. A5c; virginia. AonAoc.
western Kentucky and Tennessee, 36640c.
goose eggs, To6s0c. State, Pennsylvania
and nearby Western henncry whites, extras,
s613Tc. extra firsts, 3in3Jc.: firsts. 500
3Sc gathered whites. firste 70 extra firsts. 3c
G35c.; under grades 25ncpc; Pacific coast
whites, extras. 3Sc.: extra firsts, 3adSGc,
firsts, 32d3lc. under sradcs 3op3lc.: other
Western ard Southern gathered nhites, .s
H33c STATE. Pennsylvania and nearby West
ern heauerv browns. extras. 3sc.; gathered
brown and mixed colors. graded extras, 20
32ikc; firsts 10 extra firstr. aSESO5ac.
poTsT0ES-Eci1nuda bbi.. sf0if Florida
sgEod8.5O; cuils. 81. old $50 lbs. Saf2.2f'
iS5 lbs. 81 75T".T -, 100 lbs. sI.507..25
1.ong Island, bag. s213.25. SWbETs-Jcr-
The New York herald., 1921-04-08
BELGIUM GERS WOOL CREDIT

BRUSSELS. April 7.-Negotiations be-
tween Argentina and Belgium concern
ing tho importation OF large quantities
or South American wool have termi-
mated with the former Governments au-
fhorizing the Argentine National Bank
to allow two years credit on such ship
nnent. Arrangements for transport and
prices TO be charged have been made
The New York herald., 1921-04-08
Annual Mnturities.

Investors are being advised to place
their funds 10 secure equal annual re-
ps ynents of principal, which 4 adyan-
tageous IN that K enables investors to
embrace opportunities in the security
market as they arise. An equal invest
mont distributed among the following
list Of securities. prepared by Solomon
Brothers 4 lIutzler results In approxi-
motely the same annual repayment OF
principal Sor ten years and o wide de-
gree OF diversity IS attained
The New York herald., 1921-04-08
LONDON wool MARKET.

LONDON. April AT to-day's wool
euction sales 1898 bales OF free wool
were offered. There was moderate de-
mand. but half Of the offerings wede
sold for unchanged prices. Six thou
sands bales OF Government wool were
withdrawn, owing to the high limits.
Tho Government sales for tomorrow
and next week have been cancelled
Free woods will be offered from Mon
day to Friday inclusive.
The New York herald., 1921-04-08
MoN0N REPORTS DEFICIT.
Reversal Compares with s2.32
share Earned In 1919.

The annual report OF the Chicago, In
dianapolis and Louisville for 1920 shows
deficit after taxes and charges OF
si.isS,sss, compared with net income
Of s445.65s, equivalent after preferred
dividends 70 s2.3a a share earned on the
s10,500.000 common stock in 1919.
The income account follows.
The New York herald., 1921-04-08
cANADA,s INCOME sa4 200, 900,

OTTAWA. April despite decline in
customs and excise revenues during the
last few months Canada's revenue dur
ing the fiscal year ended on March 81
exceeded expenditures nearly $4,000
900. IL was announced tonight. Rev
enue in the year amounted to S451 $780,
zee, against s3S0,s32, ,507 in the preced-
ing year, while ordinary expenditure
totalled s357.515.27s, against s34O.sSo.-
sss in the preceding year.
The New York herald., 1921-04-08
CABLES.

Rio 81 % 70 rels lower Tor futures. Dollar
rate. go higher at 1880. Exchange Y
oweh az Gisd. Receipts 1900 bags and
stock $4,000 bags. Santos futures unchanged
20 f15 reis lower. Receipts 1000 bags and
stock 2.sOs 900 bags. Receipts At ports go
600 bags, against 5000 last year and $4,000
two years ago. Sac Paulo had IL 600,
against 1000 and "a, 900, and Jundiahy III 900.
asairst 1000 and $4,000 bags, respectively.
Fine weather In four districts Of Sac Paulo
a IA alowcrv In one,
The New York herald., 1921-04-08
british Capital Issues Less.

New capital issues in Great Britain
last month amounted to 100000. az
contrasted with $50. 500 600 IN March OF
ast year. according 70 cable from Lon
don received here yesterday.
The New York herald., 1921-04-08
LIVE STOCK AND MEAT PRICES
nArIry n. $. STEEL MERGER.

SYDNEY, N. s.. April 7.--Stockholders
Of the Dominion Steel Corporation and
Nova Scotia Steel and Coal Company TO-
day formally ratified merger OF those
companies with the Halifax Shipyards
IN the British Empire Steel Corporation
Tho new concern win hsve s1of.750.0o0
capital. Canada Steamships. Limited
and the Davie and CollinEwood ship
building Companies were dropped from
the merger plan.
The New York herald., 1921-04-08
SUGAR STOCKS,
METALS.

on the New York Metal Exchange
tin was easy and Straits was
quoted as 2s.256s0.50. Straits ship
ments as 1850 asked standard, oS.5o3
80 and % per cent, 27I29. Copper
was easy: spot and April. 1915 asked.
and May. 13.S7ta. Lead was easy: New
York spot, 49, and East ST. Louis. $50
asked. Zinc was easy New York spot
s. and East ST. Louis spot. 4.65 asked.
The New York herald., 1921-04-08
CHILEAN EXCHANGE DROPS

SANTIAGO, Chile, April a.. Exchange
on London closed at 7Ts pence yester-
day, The lowest since 1914. The dollar
was quoted RI pesos 30 centavos. The
fall was laid 70 the general commercial
crisis and the lack Of demand for nj
trates.
The New York herald., 1921-04-08

BEANS-aarrow, 1920. choice. 100 los,
G.IJ: rcd kidney, 1920. $3.50 white kidney,
si3pi3.50.
The New York herald., 1921-04-08
BRAZILIAN STATISTICS.
AS. rnrr offeo+lre n

II FIND iIcrsld Want Ads. very effective IN
securing high cass technical positions
Your columns are ad ~ The bes tgpa Of
ftnploycr,." From letter of Herald adyor-
iteer. Y dr.
The New York herald., 1921-04-08
Total ....... . s4.Tis 81

-~rhese figures Indicate" says the
bank, ''the great increase in produc-
ton chiefly along industrial lines in
the last decade"
The New York herald., 1921-04-08
TOBACCO STOCKS.
sey. bss-. s192.5o; eoutnern. 75c.Gsi.7u;
ynms. bbl., $S1a.

POULTRY, DRESBED-PRESH KILLED
CIrCIsENs. stays. 26d32c. FOwLs-Boxes.
aofffc.; bbis., S0140c.; old cocks, 33127c- !:
slips. 4o14sc. TURfSEYS-Young. s5d60c. |:
old. 00f5sc DUCKS-Lcng Tsl-nd. 46c.
sQuABS-Doscn, SJ@io. FRozEN-f,HICK-
E..S-Broers. 3.a52c.: ffyers. 3o63sc.
roaster- 35n45c. FOvLs--c57snc.: old
cocks. a3a2Tc.: capons. ho1G0c. TURKEYS
western, Sssi sessoc. GEiEsEYwestern, s5siSi.,
POULTRY. LIvE--FOWLS-Freight. 30.
3ac. express. csd35c.; stays. freight. o6c.
T<lNS--F'rcght, 9od3sc.; express, $50
40c. broilers. freight. h5c.. express. 90c. a
S1.t0: under ib.. eJrS0c.: old ROSTERS.
freight, tsc. TURKEYS-Freight, 3062jc. :
express, $4,000. DUCKS-Freight. 2sfD3Ses
express. 32T86c.; Muscovy, 2oc. GEESE
Freight, 1cd1sc. express, fc1.oc. PIGEONS
Pair o0c. CUTNEAs-Pair, Sf.25T1 GO
EABBlTS-Express. lb.. 2oa2Sc.
The New York herald., 1921-04-08
COFFEE.

The range OF prices il yesterdays
coffee futures market follows
The New York herald., 1921-04-08
FOREIGN RoNDs

5000 Swiss llss..... S3is SSss sSi3 ..
sodd lot. TSells cents share.
New-York tribune., 1921-03-27
Saving on faxes

understand in q general wav -.
main features Of the bill proyidin1 for
tax exemption on properly valued -. ~
to $4,000, but / would like to see hesr, rr
lit works out In detail. -"
For instance, to-day you shov
house that can, be built for $l300o
How much would my taxes amounf e.
under the new law and how much hs.
fore this new law went into effecte.
As imagine this information will BE-
of interest TO many of your readers il
is. permissible to publish this inquire
with your answer. r. D. G.
Exemptions of new residences from
(, taxation for $1,000 Of their value for
| ten years is now in effect. This r.
| mission of taxes applies to all resi.
Dental buildings started between Apfil.
f'192O, and April, 1922. Those who Sufla
apartments during that period will re.
ceive exemptions of $1,000 on each
room up to five rooms, or Z total Of
| ST, 900 for each apartment Of five rooms,
or more, Up to this time this exerr-
| tion applies only to houses built in
greater New York.
Should you build such q house Is
was pictured in The Tribune last Sun
day, costing $4,000 for construction
and allowing, say $4,000, for the land.
it probably would be assessed By the
Tax Department for about $12, 900 totsl.
divided into say $1,000 on the lot and
| $4,000 on the house. You would BE-
entitled to an exemption from taxes
on $4,000 of the value Of the house,
| leaving valuation of $1,000 on which
| you would pay. Assuming the tax rate
to be $2.85 a s100 of assessment, your
saving would be $l42.00 each year for
ten years.
New-York tribune., 1921-03-27
Landlords and Tepunts
To Keep Courts Busy
II ANDLoRDs and tenants are

i ANDLORDS and tenants are
again to engross the atten-
ton and time of the courts of
the city. The decision Of the
Court of Appeals in upholding
the constitutionality of the
emergency rent laws had upset
the plans OF landlords, who ex-
pected that the restrictions in the
rent laws would be removed by
the decision of the court, which
would give them the justice which
they alIege is denied by the laws.
Since the court has decided con
trary to expectations the deferred
actions will be brought into court
to be passed upon separately, for
many hold that despite the pro-
visions of the rent laws the court
cannot help but recognize the JUS
tice of their claims. According
to one who knows, there promises
to be as many rent cases from
now on as before the passage of
the emergency measure.
New-York tribune., 1921-03-27
Home Building Is Usually Satisfactory When Owner
Confides in Architect and Is Fair to Builder

selects his architect, IF he Isl wise he
Will select good architect. one who
has had experience in doingsthe sort Of
house he wants, built, who's conscien-
tious and capable, not only in design
but in directing the business arrange
ments for the operation. He should
then give his architect in as much de-
tail as possible information on the fol-
lowing items:
l. The outside limit Of his expendi-
lures, keeping in reserve some allow
ancc for changes in the work as il
progresses, which will almost ineyita.
bly, suggest them selves to him, because
OF his inability to visualize. from his
architects plans exactly what he. is go.
ing to get, and very often he finds az
the construction gets under way that
what he thought he wanted is not what
he wants at all.
2. In a general way the size and kind
OF house. In this he will be guided by
his budget and the architects advice
In this connection remember that your
architect has made a life study Of wha,
/ is required in the average home, ane
| he is better qualified to determine wha;
is and what is not essential than yor
are. Consider, everything he suggests
carefully. Much money has been wastec
because the owner Or novice hom.
builder underestimated the value OF his
architects advice. ;...,.,.
3. Kinds OF finish, 'such as floors
walls, doors, etc.
t A. Various items. of a special nature
such as outlets for electrical devices
wall space for special furniture ant
other things that suggest themselves
In technical matters relating to struc
lures and finish, of which the ,owne
| naturally knows but little, the archi
tect's advice should be followed: i'm
! plicitly, as should all questions Of de
! sign. M
The owner must be prepared to com
promise between what he wants in
house and what his budget will cover
lie must be slow to order changes il
| LAYOUT, without first getting estimatel
OF cost, and in going over such esti
mates be prepared to see things some
whit from the point of view Of til,
/ builder, who must and does prepare hi.
estimate not only with the cost of ma
terial and labor involved in the chang,
itself in mind. but also must -considc
| the effect of the change on the rest O
the building. Delay often is caused
ETC., but long article could be wFitter
/ on change orders alone.
The architect, afte. getting all TIL,
! information which the owner can Civ,
him in advance as to budget, size, kin,
and location of house. which of neces
| sity lis rather sketchy and insufficient
proceeds to design and specify the kine
! of house which he thinks his ellen
wants and can afford'to pay for.
Where Cooperation Starts
/ At this point in the procedure tn
| question of close cooperation betweer
the owner and architect comes UP
New-York tribune., 1921-03-27
70 .EH57 2 E5,W ST

Much time and. money and misunder-
standing might often, be saved if upon
completion of plans and specifications
these two partners in our building,
enterprise would go into, in sufficient
detail, the layout and specifications for
the house.
Here we might add: Plans and speci-,
tications are costly to prepare. You eX-
pect. your architect to see that not a
penny. of your money is wasted, so
start right by having consideration for
his pocketbook. Consider his prelimi-
nary sketches carefully; make such
changes as you may find necessary on
these, rather than waiting for his
|, finished plans and making the changes
then.
IN any event, be sure that the COM
pleted plans and specifications are in
exact accordance with what you want,
so far as your limitations will permit
you to determine, before you submit
them to the contractors for figures.
Changes during construction are very
costly.
1t would seem that the builder. after
all these prelinrinaries lad been gone
over, should have little trouble in pro-
ducing building that represents the
pest thought OF the owner and archi-
tcct, with a minimum of delay and
friction, and that his obligation in the
matter would be the simple one OF car
fylng out the plans and specifications
to the letter.
! Plans Are Like Book; Read Them
This is not the case, however. Plans
! and specifications, no matter how care
fully drawn, can be interpreted in
more than one way. You can better
understand this when you realize that
the specifications are book describ-
ing: a house which has never existed.
Did you ever find two persons who had
read any book and received exactly
the same impression of the subject,
down to the minutest detail?
In addition to this danger. remem-
ber in building project it is not alone
necessary TO get the material you want,
but also to get it when you want it.
| In case this is impossible it may be
necessary to make some substitutions
in order to prevent waste of money
and delay This is where the services
Of builder of ability snd integrity
| become vital to the efficient production
Of your home.
From the above you will see that CO.
foperation is absolutely esq vital to the
success of your project, ans q order
| to get it. you must use care Il. 4hc
selection of Your architect, consider
his sketches carefully, SO as to avoid
wasting his time and money. and be
| sure that The buildertSou select is sat
isfactory to him in every way, and a
man whom he considers capable of CO.
/ operation,
New-York tribune., 1921-03-27
Finaafcil1g the Home

l am interested in your items on
home building and take the liberty to
ask for some information regarding
the building loan question. II you can
advise where may obtain full infor-
nation on this subject shall be CRATE
full. i have written to one Of the large
insurance companies (loaning millions
for the erection df Riverside Drive
apartments and an, extension to the
Plaza Hotel) requesting information
in regard to their loan proposition, and
although am policyholder in that
company have not had the courtesy
of = reply Il is evident they are not
out to- help the small element.
My reason for wanting the above In
formation is that I have two lots il,
the Westchester section where should
like to build small cottage if can ar
range to finance the construction and
pay for same as rent. We are small
family and now occupy an eight-rooni
apartment Gold fashioned), which we
would be glad to vacate and thus; pro-
vide comfortable living quarters for a
large family, at the game time realiz-
ing long cherished wish to enjoy the
blessed quiet of the country:
Several Of the larger insurance COM
panies are doing splendid financing OF
small home construction, many millions
Of dollars having been advanced by
them for use in relieving the housing
shortage. Such companies are not
equipped, however, to handle small
loans singly. To do 50 would mean a
cost to them that would make the cost
Of money almost prohibitive to borrow
ers. Life Insurance companies to be Of
greatest good must of necessity lend
their money in large amounts to build
ers either Of great numbers of homes
You would do best, probably, to
finance your home through a building
and loan association. There are sew
eral good operating in Westches-
ter, all of which are members of the
New-York tribune., 1921-03-27
By L. F. Tucker
OF Tucke,. e. Lezcis


In any building operation, and espe-
cially in the building of home, the
ideal organization is partnership
made up in their relative Importance
OF the owner, the architect and the
builder, each of whom has clearly de-
fined duties to perform as a member
Of a copartnership formed to carry
on particular business project. And
as each has certain definite duties CT
obligations. SO has each as clearly de-
fined limitations, beyond which if they
proceed confusion is sure to result.
In any particular case we shall find
their respective obligations interviewer
in somewhat complicated fashion, a
fact which will lead to many, situations
where spirit Of fair dealing will be
needed on the part of each
To the layman this will doubtless
be hard to understand. He may say,
"The architect prepares plans and
specifications, which are approved by
the owner, and form the basis of con
tract which is written with the builder,
who has only to carry out the work
shown and described in them. so why
should misunderstanding arise"
Personality Big Factor
II is safe to say that there is no
branch of the bszilding business where
the matter of personality enters SO
! largely as in the building of home.
amount of money to spend, wants to
incorporate. in his home all the ideas
( that. he has visioned FOR years. The
architect, Jealous for his clients in-
tercsts,. tries to work all these, plus
some of his own. into the picture; and
the builder-7we speak now Of the con-
| scientious bnilder--tries seriously to
| work out the problem in practical
manner, so that the finished structure
may represent in concrete form the
ideas as expressed in the plans and
specifcat tions.
! The success of the operation, as a
whole, measured by the finished build
ling, the freedom from annoyance to all
parties concerned, and the economy and
progress Of the job, will, be determined
/ largely by the measure of cooperation
between the partners and their full OBJ
servance of The obligations resting
upon each of them, just as the success
OF any business partnership is depend.
/ ent on such cooperation and such full
! observance of obligations.
At this point let us consider in more
/ or less detail the various Obligations
\ that the partners to this particular
enterprise should keep in mind in order
that the operation may proceed with a
minimum ssof misunderstanding, with
proper continuity, and that at its con-
! clusion the operation may be pleas
ant memory instead of vain regret to
| all concerned.
What to Tell Architects
10 begin with. the owner, having in
mind the kind of house he wants and
| what ne can afford to spend for it,
New-York tribune., 1921-03-27

Metropolitan League Of sayins. "a
Loan Associations Their methoa. >.s ~
financing are practically the sams .,s =,
you can obtain full information al, s',u
cernink them By writing TO w. D, Gu cs,.-
ter, president metropolitan Associ.f;cr
Pier 13, f. r., or to Archibald n M
Evan, secretary, 21S1 Bathgatc Ayenue
the Bronx. SAAs'