davidaulloa/AmericanStories huggingface dataset:
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-03-03

The diamond In not only the
hardest thing on earth. II also II
the least comprehensive substance
known. Prof l. p. Adams, Carne-
gle Insfifufe
The New York herald., 1921-07-27
81 900, 900 IN SILVER
HERE FROM GERMANY
Will Bolster Berlin Credit for
Reporations.

Silver from Germany that arrived yes
terday to the value of about s1.000.000
as expressed in dollars. or S0.000.000
marks as expressed In German currency,
Is to be used here under hypothecation
as the basis of credits to aid the pay
ment of reparations finally due on
August 81. The shipments are the first
OF q long line OF movements OF silver to
New York. according to information OBJ
tained In banking circles. and the value
In the aggregate will run into tho mill
ions without any of the silver being
sold In competition with the existing
production.
The steamer Mount Clay from Ham
burg, reached New York yesterday with
EOS cases of silver bars. described on the
manifest as German Reichsbank CON
signor. Equitable Trust Company con-
s.gnee, value in paper marks 65.O00,O0O.
Enough silver bars TO bring the value
of the silver imports up to s1,oO0,oo0
arrived from Hamburg on the steamer
Mystic ana II IL assumed that all OF the
silver arrivals go into one domicile to be
held as the basis of credit extensions to
the Reichsbank.
German payments on account OF repa-
rations 70 be made on or before August
81 aggregate ehe equivalent OF s1S5.000.-
600 in gold OF this total more than 80
per cent. has been actually settled for
while arrangements are said to be COM
pleted which show that fully half OF the
entire payment has been anticipated In
cash or its credit equivelant. Bankers
await with eagerness Indications OF what
the German Government will do In ar
ranging for the balance OF the repara.
tions.
The New York herald., 1921-07-27
/ THE EQUITABLE
TRUST COMPANY
OF NEW YORK
ARGENTINE G0VERNME
gOL Jpterual Gold Loan 1909.

Messrs. J. =. Morgan Co. are instructed
10 give notice that they are prepared 10 re-
ceive Tenders for the amortization on or oe-
fore September 30th, 1921, of $44l. 100 AT.
gentine Gold pesos, cay fSs,22O nominal oi
the above loan.
Tenders for sale OF bonds with Coupons
due March 1st, 1922. at a price 10 be stated
in the Tender, must be lodged not later than
@ o'clock p M. August 9th. 1921, with
Messrs. J. T.. Morgan Co.. % Wall Street,
New York.
Tenders VIII be received also An London by
Meesrs. Barring Brothers Co., Ltd, and In
Buenos Aires by the Credito Publico Ma
Each 900 bond has a par value OF spT3
U. s. Gold Dollars, and Tenders must be
made at a fiat price under par expressed In
dollars per bond.
Tenders must be made on n form obtain
abls application and be accompanied by a
deposit OF Bonds of the above mentioned lOa n
at the rate of not less than $91.30 per Syi3
nominal capital rendered. The Deposit and
Tender must be securely enclosed In en-
veope marked Tender of Argentine Gov
ernment 8 per cent. Internal Gold Loan 1900
Bonds for Redemption" In the event OF the
Bonds rendered not being lodged with Messrs.
Barring Brothers q Co., Limited by October
3lst. 1921, the Deposit will be forfeited.
The Tenders viii be opened In London on
August 18th. 1921. and the result will be no.
titled as soon as possible thereafter.
Forms OF Tender may be obtained on appli-
cation TO Mesers. j p. Morgan a. Co.. 20
Wall Street, New York, who reserve the
right TO reject all or any Tenders
Dated New York, July 9Th. 1921
The New York herald., 1921-07-27

For the first six months OF the year
the Steel Corporation had total earnings
of $54,178,738. and net earnings after all
charges Of $23. equivalent to ap-
pr0ximately $2.13 share on the out
standing common stock. Depreciation
and sinking fund charges for the six
months totalled $20.295.890. and interest
and premium on corporation bonds
S10,320,211. Preferred dividends for the
mon dividends $12.707.502. making the
deficit after dividends for the six months
$1,754,783.
The regular quarterly dividends of y
per cent. on the preferred and IA per
cent on the common were declared at
yesterdays meeting. The preferred divi-
dend Is payable August 80 to stock OF
record August /. and the common on
September 20 to stock OF record Au-
gust 20.
Judge e. H. Gary. chairman Of the
corporation, issued a statement after
the meeting declaring that the results
were not surprising to any one familiar
with conditions. He declared that busi-
ness in many lines. including steel. is
still dull and hesitating, but that the out
look is not tiscouraging or doubtful
Sentiment Judge Gary asserted.
has been for some time, and still Is.
growing better. The financial aspect OF
this country and other countries has
been improving and to most OF us at
least looks bright.
"The banking institutions or the
United States are sound. Our resources
are enormous. Our people are ready
anxious and able to do business. Every
one is called upon to do his or her part
in the endeavor to return to a sane and
reasonable basis and the sooner this
opinion becomes practically unanimous
the earlier will we reach the goal Oh
prosperity, the apparent distance oil
which depends on individual vision"
The New York herald., 1921-07-27
CENTRAL LEATHER co.
SHOWS $6, ,264,192 LOSS
Report for Second Quarter OF
1921 Issued.

Despite optimistic predictions con-
cerning the showing which the Central
Leather Company would make during
the second quarter of this year It's In
come account for that period, made pub
lie Yesterday, showed deficit, after in
terest charges, taxes, &C.. of S6.264.192.
which wiped out its surplus and substi-
tuted in its place profit and loss deficit
OF s6,040.S96. The company's losses
through operations. after repairs. main
tenance and taxes. aggregated s4.455.0S5.
which contrasts with Its loss of S1,375.-
$50 in the corresponding 1920 period.
The following table gives a comparison
OF the chief items OF the company's In
come account for the second quarters OF
1921 and 1920:
The New York herald., 1921-07-27
Argentine Tender. Asked.

J. p. Morgan a Co. announced yes
terday that they were prepared to re-
ceIve tenders for the amortization. on or
before September 80, OF s441,100 Of Ar
gentine gold pesos. or about f3s.220
nominal, OF the per cent. internal gold
loans of the Argentine Government, is
sued In 1902 Tenders for the sale OF
the bonds with their March 1. 1922. cou-
pons at price to be named in the offer
must be lodged with the bankers not
later than 3 +. M. on August Q. Ten
ders will be received I'm London by Bar
ing Bros. & Co. Ltd. and In Buenos
Aires by the Credfto Publico. Nacional
The New York herald., 1921-07-27
MEXICAN OIL RUMoR SECUTED.
stevens Has No Knowledge of Plan
to Resume Exports.

Guy Stevens, director OF the Associa-
ton of Producers OF Petroleum In Mex
leo, said yesterday that he had no
knowledge OF the report that certain
companies which had stopped oil ship
ments from Mexico plan TO resume them
on August /. and added that he placed
no credence in that report He added:
"rhe taxes In many cases are con-
fscatory and render II impossible for
the companies operating In Mexico to
export the oil except at a loss. II Is
unlikely that any company will export
oil under such conditions except such
as II Is absolutely obliged TO ship in
order to meet prior contract commit
ments. and shipments OF oil at loss
will probably be no more attractive on
the list OF August than they are at
rreaant' -
The New York herald., 1921-07-27
OWENS BOTTLE NET pRors.

The Owens Bottle Company reports
for six months ended on June 80 net
profits. after charges and taxes. of
S1,147 ,56S, or s1.17 n share earned on
its s25 par value common stock after
preferred dividends, In contrast to S4.9e
share earned I'm the corresponding
1920 period. Its manufacturing profits
and royalties amounted TO s1,526. .061
and its other income to $5f4.054 Its
operating expenses totalled $71s,547 and
It's Federal taxes Si7f,000. leaving
s1,147.56s net profit
The New York herald., 1921-07-27
norway Not I'm the Market.

Current reports that loan to Nor
way is in a state of active negotiation
were denied yesterday by bankers
hitherto associated with American financ-
ing Of Norway. IL was stated that
there would be no negotiations before
the late fall and perhaps. none at all in
1871.
The New York herald., 1921-07-27
METALS.

On the New York Metal fIoxchange
yesterday tin was weak. with straights
quoted at 25.5oG q 2e straights shipments.
c5.5o@2s; standard. 26 ssked and es
rer cent. at 1926 asked. Copper dull ;
standard spot. July and August, 11.5o
asked electrolytic. spot and July. H.
Lead easy New York spot. 4.4o asked
and East st. Louis spot 420 asked
Pine easy: New York srot 4.50. and
East st. Louis spot, 4.20 asked
The New York herald., 1921-07-27
Rrrnrll Rrnthers
4nhlir Aftlttu effiiriiiss
Ill Brnanuray. n. 3.

We UiH buy:--
BROOKLYN EDISON co.
40 due 1890
CAROLINA POWER a. LIGHT co.
5% due 1888
CEDAR RAPIDS MFG. a PwR. co.
5% due 1883
COHOEs POWER 4 LIGHT co.
SO duo 1879
CONSUMERS POWER co.
7% duo 1880
DALLAS POWER A. LIGHT co.
SO duo 1940
KANSAS CITY POWER 4 LIT. co.
so due 1910
PORTLAND GENERAL ELEC. co.
so duo 1894
PROVINCIAL 1T, HIT. T. PWR. co.
so due 1D46
PUBLIC SERVICE CORP.
10 due 1922
STANDARD GAS e. ELECTRIC co.
go duo 1898
; UNION ELEC. LIGHT & POWER co.
so due 1888
Phones Rector 89sO-5, 97Z3-7, 8922-3
Private Phones to Philadelphia s. Boston
The New York herald., 1921-07-27

During the first six months OF 1921
the company had a deficit before divi-
dends on the preferred stock OF Si0,21b,-
I'll. against s1.76s.S62 in the correspond
ing 1920 period Its total loss In the six
months was $4,524.407. after expenses
maintenance and taxes. and $2,l5o,0oo
was written off for inventory and adj
justments General expenses amounted
to s2.754,942 and other income $780, ,6S2.
making the deficit. before interest
charges, S9,296.667 It's bond interest
aggregated so19.104 and its preferred
dividends s5s2.732. leaving a final deficit
for the half year OF $1o,7ss,503.
The New York herald., 1921-07-27

PROPOSALS.
THE CENTRAL. RAILROAD COMPANY OF
NEW JERSEY.
PROPOSALS..
Serial No. 2.

= SeTlal NO. z.
Contract No. =.
l. The Central Railroad Company Of New
Jersey hereby gives notice that II will re-
rebuilding. etc., etc. Of It's marine equipment
for the period OF one year from August 2.
1921. 20 August 2. 1922. IN accordance with
terms, specifications. etc, which may be
procured at the office OF the undersigned.
?. Bids must be submitted and addressed
10 the undersigned at his office by 10 90
o'clock noon on the second day OF August.
1921. Bids received after that hour will Ect
be considered. Bids win be opened at $500
+. NJ on the date named. The right II re-
served TO reject any and all bids, or to accept
any part OF any one bid. also 10 exact a
bond from the rucccssful bidder for the
faithful performance Of the work
Dated this eighteenth day OF July, 1921.
NEW JERSEY.
w. q. BESLER,
President General Manager.
f43 Liberty street. New York. ". Y.
PROPOSALS FOR KEROSENE. Sealed pro
psssls win be received at the Office OF the
General Purchasing officer, The Panama
Canal Washington, D. G., until 1890
o'clock n. M, August o. 1921, at which time
they win be opened IN public for furnishing
the aforementioned Kerosene Blanks and
information relating 20 this Circular n4S7J
may be obtained from this office or the
offices Of the Assistant Purchasing Agents,
"a state Street New York City; 60G Com
mon street. New Orleans. La. and Fort
Mason, San Francisco, Calf; also from the
United states Engineer Offices IN the prin-
cipal cities throughout the United States.
q. L. FLINT. General Purchasing officer.
The New York herald., 1921-07-27

12,76l sacks; bacons. 2,l2o,Ooo pounds ;
grease. $4,000 pounds: lubricating oil,
6s9.650 gallons: corn, 107.751 bushels ;
rye. 50.s2e bushels beans 1900 bushels
The New York herald., 1921-07-27

oatmeal. s.5oo barrels; :ard. 1.3s2.7so
pounds; cottonseed oil $4,000 pounds;
oimeal 100000 pounds; oil cake.
2.l75.a0n pounds.
The New York herald., 1921-07-27


factories
shoefa
reported
The School, Improve
nent
The New York herald., 1921-07-27
EXPORTS FROM NEW york.

Exports from New York yesterday
wheat, 237,s5o bushels; oats. io6.il5
bushels; barley, 5o,1ss bushels; hour,
The New York herald., 1921-07-27


Brooklyn Edison Company Inc, does all the electric
light and power business in the Borough of Brooklyn
Except the Twenty-ninth Ward, City Of New York,
serving population estimated at over 100000.
The number Of customers served has increased from
33,973 on January l. 1913 to 161 819 on January /,
1921, and to 176,584 on June 30, 1921.
PURPOSE OF ISSUE
The increasing demand for Brooklyn Edison Service
has necesstated the expenditure for additions, ex
tensions and improvements from October !, 1912,
to June 80, 1921, of over $27 100000
Against this additional investment only s15, ,6000 900
par value of mortgage bonds have heretofore been
issued. The proceeds of this issue will be used
further to reimburse tho Company for such capital
expenditures.
SECURITY
The General Mortgage Bonds are the direct obliga-
tons of Brooklyn Edison Company, Inc, and are
secured by mortgage on all its real and personal
property now owned or hereafter acquired, subject
only to $12,701 900 underlying bonds. The General
Mortgage closes the mortgages securing these under
The New York herald., 1921-07-27

In March OF the first quarter there
was drop in earnings of approximately
so per cent. compared with January.
the March figures being $7.741.352. It
was expected that April and May would
show big declines from March. but In
both cases earnings held above $1,000
600, while in June they were Just under
that figure. The earnings by months
since January were:
The New York herald., 1921-07-27

lying bonds, no more of which may be issued. (The
provisions restricting the issuance of additional
Bonds are outlined in the Presidents letter.)
EQUITY
Junior to the General Mortgage Bonds, there
are outstanding $1,630,700 Debenture Bonds and
ST., 1859 300 Capital Stock. Dividends have been
paid at the rate of go per annum since 1904. The
present quoted prices for these securities indicate
market equity over and above these General Mort
gage Bonds exceeding 100000.
EARNINGS
For the year ended juno 80, 1921, Gross Income,
after provision for renewals and replacements, was
more than twice the annual interest charge on
all General Mortgage Bonds outstanding, including
this issue, and all underlying bonds Such Gross
Income for the six years ended December 81, 1920,
averaged practically 81 times the interest on the
entire funded debt outstanding during that period.
The table below shows the growth of the Company's
earning power and the favorable relation between
income and interest charges on its funded debt:
The New York herald., 1921-07-27
,lng are the clos
SUGAR.

The range Of prices in yesterdays
sugar futures market was as follows:
RAW.
The New York herald., 1921-07-27
u. S. STEEL EARNINGS
DOUBLE OF ESTIMATE.
$21, ,892,016 Reported for the
Quarter, Surprising Finan-
cial District.
DIVIDENDS ARE DECLARED
Judge Gary Says Outlook in
Country Is Bright, With
Business Improving.

The United States Steel Corporation
in the quarter ended June 30. 1921.
had $21,S92,016 total earnings after
taxes. but before depreciation and in
terest charges The statement ex-
ceeded the general expectation Of Wall
Street by almost 100 per cent. for the
average Of estimates of what the COR
poration would show had been around
$11 900. .000
Tho earnings were insufficient to
pay the dividends on the common stock.
$457l.668 having been provided out
Of surplus for that purpose. Never
theless. the balance available for the
common stock after all charges and
after the preferred dividend amounted
to $1,7S2.113. equivalent to about SO
cents a share. In the preceding quar-
ter the corporation reported total
earnings of $32.2S6.722. and In the
June quarter of 1920, $45.26s.551.
The following tabulation of the
quarterly earnings gives a comparison
Of the figures for tho second quarter
with those Of the Same quarter last
year:
The New York herald., 1921-07-27
$1,O61,OO0
City of Camden, New Jersey
Dated August /, 1921
515% Bonds
Due August /, 1o22-1o6l

August payable the Office the
a o principal both principal and
The New York herald., 1921-07-27

NeW Jersey and free from all Federal Income Taxes
Legal for Sapngs Banks in NeW York. NeW
jersey Massachusetts,, Connecticut and other States
Eligible security for Postal Savings Deposits
The New York herald., 1921-07-27
$3,OOO,O0O
Brooklyn Edison Company, Inc.
General Mortgage Series D 10 Gold Bonds

GenerdI mortgage oefes y TO Gold Donus
Dated Decemhe enhe
payable land dDeb1 1M ky dd Income T to 2%, CponBm
tHe 0go gD
at
dh e o w ma
DBods
Bond
Cornni New
Mon TrusC Company New Trustee
ncna I du i hda
Every evening, Wilmington daily commercial., 1921-08-20
CITY EDUCATORS
TO GIVE 'SUPT. WARD
FULL AUTHORITY
To Direct Business as Well a.
Educational End Of School
System.
BEGINNING OF A NEW ERA

David A. Ward. new superintendent
of public schools of Wilmington. will
be given more authority by the mem
bers OF the Board of Education. In the
conduct of the school system OF Will
mington. than has over been accorded
any other similar official. This action.
IL is predicted, viii take place at a
meeting of the Board on Monday
night.
Superintendent Ward viii De given
authority TO direct not only the edu
cathonal department OF the school
system but also the business ED Of II
In other words. he will be inans&er
and director of the entire school sys-
tenn.
Heretofore. purchase OF supplies
hiring of janitors and all the multi
tudinous business details OF the sohoo
system have been left to the com.
mittees. Under the proposed new plan
Professor Ward will have sole charge
of all the various matters. This viii
avoid. it is hoped. confliction of al.
legged authority and MISUNDERSTANDING
between committees.
The matter has been discussed many
times recently. since the election oS the
new Board. and IL is rumored that 4
majority of the members have reachet
the same conclusion. They are 80 i'm
pressed with the capabilities that Pro
fessor Ward shows SO far, that they
want to give him all the opportunity
possible for the Improvement and ad.
vsncement Of the educational system
here. which he could not successfully
do. they argue, IL there was n division
of authority.
If this plar goes through. Profes-
sor Ward viii have much added to his
responsibilities. but at the same tim.
will be able to make various details
sfove-tail in with each other, tina,
would not be possible II there wers
half a dozen persons or committees
with authority to decide upon them.
Every evening, Wilmington daily commercial., 1921-08-20
new MARKET PLACE
DOES BIG BUSINESS
Three Farmers Dispose OF All
Produce Within Three Hours
in Lincoln Stalls.

At o'clock this morning, three
hours following the official opening Of
the new Lincoln street produce mar
ket. three farmers were entirely sold
out and hafi started home. Although
requests had been received by Clerk
of the Market McAteer for but fifteen
space rentals. the new market opened
with 20 spaces occupied. As result
Df tho success of the market on the
first day. fifteen new requests for
spaces have been received.
The market was represented bv pro-
duce growers from Maryland Penn
sylvania and Delaware. One farmer,
the first To dispose of his stock. hailed
from North East. Md. Another came
from a small town seven miles south
Of Dover and another from AvondaIe
Pa.
The market was officially opened al
s o'clock by Clerk of the Market Me
Ateer, assisted by Samuel Wander
rrift. a street foreman. A personal
inspection of the throuFhfare was
made by Street Commissioner. Frank
rierscn.
Del.snding upon the future success
Of the new Lincoln street market. Il
In probable the space will be extended
from Third street. north on Lincoln
TO Eighth street The market Is de.
signed to accommodate residents of the
western section. OF the city and "a
relieve the cyertrowdins Of kins and
Msdiron street markets.
Every evening, Wilmington daily commercial., 1921-08-20
TRACING MURDER GUN
TO THE MAN ACCUSED
Gunsmith Who Repaired Weap-
on Will Confront Burch,
Accused Murderer.

BY Associated Press to Every Evening.
Los Angeles. Cal. Aug. 2o.--Authcri-
ties investigating the mysterious STAY
ing here. August 5. of ]. Belton Ken
nedy. broker. were informed through
story printed today of the discovery
of a gunsmith. r. G. King, that a
week before the killing of the broker
he repaired an old-fashioned double
barreied shotgun stock for a young
and apparently "weIl-to-do" customer.
King. the newspaper story states.
when shown photographs of the gun
stock held by the Investigators,
brought out q repair tag. showing
that workers in his shop had repaired
such gun as the one in question.
July 27. He said he could not posi-
lively identify Arthur c. Burch from
photographs as the man who asked
that it be repaired. Burch. with Mrs.
Madalynne Obenchain. is held under
charges of numbering Kennedy.
1t is expected King will be given an
opportunity to visit Burch in the
county Jail. today, in an attempt to
identify him as the repairman's Gus
toner.
The prisoners will be taken IN n
court. Monday. to enter pleas. accord
ing to present plans.
Every evening, Wilmington daily commercial., 1921-08-20
TOXIC IS CAUTIOUS
ON ARMS CONFERENCE
VIII Probably Reiterate Her Po-
sition on Far East in For
NAL Note.

I3y Associated Press To Every Evening
Toxic. Aug 90 Japan's formal ans
wer to the American invitation to
participate in the conference on dis
armament and Far East questions
was discussed by the cabinet yester-
day. but IL is probable its desratch TO
Washington will be delayed few
days AZ present II is forecast the re-
ply viii be in the nature Of reitera-
ton Of the position OF Japan, which
has been voiced in formal notes sent
10 Washington.
Some newspapers profess to be
disturbed over the expression in tho
American note that there would be
discussed matters which have been
and are Of concern They deem that
this clause ignores Japan's quaiifca-
tion concerning the confederation Of
accomplish II facts. but officials seem
to consider II logical as carrying out
Americas original position that the
powers themselves either before or AZ
the formal sessions in Washington
must define the agends Of tho con-
ference
Pressure continues 70 be brought 20
bear upon Premier H8ra 10 90 70
Washington. N he decides not 20
attend. they believe viscount Uchida
japanese foreign minister. may be the
chief delegate.
Representatives of the foreign, war
and navy departments conferred IN
long time yesterday regarding the
program OF the conference and touch
ed upon the personnel.
The newspapers declare that the
General staff is likely To insist that
Fl divisions be maintained in .he
Japanese army. but that n the powers
favor a positive curtsiinent of land
forces. Japan wsil follow.
On Far Eastern questions, tns
star's attitude ls desrrfber as sup.
porting China in cooperation witt
Great Britain. with the idea Of ad.
vsncing relations between China and
Japan.