davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-10-04

Special Dispctch to Ths Tribune
HAVANA, Oct 3.-Plans for the re-
organization of the Trust Company Of
Cuba. involving an increase in it's
capital from S50o,000 to S2,0OO,000, We're
reported yesterday to be nearing con-
summation. Colonel! Sosthenes Bohn,
is to be the new president Of the COM
pany, and Joseph Bruce, OF the Royal
Bank Of Canada's agency in New York,
and W. II. Ferris, of New York, are to
act as financial advisers
The Trust Company Of Cuba, under
the management Of Norman II. Davis,
was built up from a small concern to
leading position among the banks Of
Cuba, and when Mr. Davis retired from
the active management he was sue
ceeded as president by Oswald Horns
by. The trust company has for many
years represented the Morgan inter
estS in Clha
New-York tribune., 1921-10-04
Financial Items

no Nrm of JelkA. Hood x Roles has
ooern dissolved bv mutuai consent ana tne
niA o. Jelhe. Hood e Co, members ~ me
sew York StocH EXchange has beer
20, ,9'Incd' with onaccs at 80 WnA street
~, ne members Of the new firm ara +
"a zier leihr. Charles @. Hood and A,or
nnder M Ma L. \ bond and stock invest
ment business VIII be conducted bv he
new ecnA
m OgiliY & Austin announce that II
thfocNlnorton. formerly located at 81 WI
nnn street has consolidated HIS bond
business With theirs
Hoheri Flahut, for the last thirteen
years With i. !. llsinan & CO. II now ns.
socla1ed Wih 'owen a Co. IN charge of
their Investment depnrtnent
thafies = itshl, formerly with Charlie,
! Nhnl 4 Co, has hecone associated Win
E"gl A. Miller & co. NJ the had q. rhnI,
unlisted stools deperttneut.
NhiHon White. t4N Broadway an.
nonnoe That Robert II ogden, rormcrlv a,
Low Dixon Co. Ia NOW associnted vim
them IN their hond department
New-York tribune., 1921-10-04
cooperative Farm Movement
tOIlapsing. Saws Griffin

CHICAGO, Oct 3.--Thc grain world
10 now witnessing The almost com
p'ete co'lapse Of the cooperative
movement os farmers 10 market their
Own gram, Joseph ?. Griffin pregjden,
Of the Chicago Board Of Trade, told
tfe National Grain Dealers Associa-
ton. to-day.
The leaders In this movement are
% retreat Mr. Griffin said "Despite
heiT 'ncxperiencc and utter lack Of
marketing knowledge they have been
exposed az paying Themselves enor-
nous salaricg.
ne farmer has learned that the
glowing promises MADE 20 enlist mis-
hnanc'oi support are impossible Of
performance. Without lhe Yarncr'g
money 10 be supplied ~ abundant
plenty, this plan was forecrdaincd 10
isiiufe. and thus we arc now witnesg-
lLa the almost complete collapse Of
this embryonic monopoly"
New-York tribune., 1921-10-04
Criticism of Widows List

Question have followed closely YOUR
financial columns for the last few months
TO following investment. The funds in
VOWED are those of my widowed sister
aged thirty five, with two dependent chn-
dren OF twelve ana ton years respectiycl,-
in addition TO the income from this in
Nestment she owns completely her homo
and mas an income from her teaching OF
1nusic or about $1,000 yearly. The amount
invested is si2, 600 in round figures and t.,
arranged follows Victory bonds $4,000.
Liberty bonds third AVS. $1,000; French
Sc, 5000; 10 sharea United states steel
preferred, $1,000; 2 shares Standard Oil OF
Aew Jersey prcferred $3.50; Hartford
Elect!c Light IS $1,000: Second ~ lib
critics $500; share National Park Bank
share National Bank OF Commerce. Do
sou sec any weakness in the ist2 Is st
too strong in United States bonds con-
sldeYing the safety desired Are the New
York city bank stocks good investments
Cor widow. notwithstanding the double
idemnity feature in the event Of disaster9
II is expected that the Invest nent will be
extended at the rate OF about 81 900 an
nualiy for the next few years, or until her
daughters arrive at the college age. What
do you suggest for tho extenslons1--
c. L. y.
Answer-We think that the Hartford
Electric Light per cent bonds. Of
which your sister has two, are not
suitable investments for her strict
requirements. In 1920, the company
earned net $1,o79,S0o available for in
terest, etc. The total funded debt is
t5,300,0QO. This would call for less
tfan $500 600 interest, and the margin
Of safety therefore is pretty good,
but tho bonds are not secured BY a
mortgage ana we think that the cir
cnmstances OF your sister require a
particu 'arly careful and conservative
Investment OF hcr funds The Liberty
bonds and Victory bonds are fairly
good for her to hold and we think thut
the French S. United States Steel
preferred and Standard Oh Of New
jersey preferred are entirely suitable
Ordinarily, we would not suggest the
purchase OF bonk stocks for "A com
parativcly small INVESTOR but the three
banks shat your sister has one share
tach in nre 10 strong TINT We would
not advise her to sell her stock, but
to hold lt. For investments in the
future we would sugyest some Of the
lover coupon rate bonds, selling st e
discount. which will appreciate in
value as they near maturity, and thus
automatically save toward the aducu-
ton OF the children. We suppcst
Niagara Falls Power first 6s. due
Ie42, recently selling Mt 7SA, and
Eirginian RAILWAY 5s due 1862, re.
Gently selling at san
New-York tribune., 1921-10-04
THE EMETROPOIITAN NATIONAL BANK
OF THE CITY OF NEW YORK.

New York, September 3sth. 1921
TO The STOCKHOLDERS:
Notice is hereoy given that q specia,
Meeting of tho Shareholders OF tho Bank
VIII be held at its banking rooms at 81
broadway. Borough OF Manhattan. CITY
and State OF New York, on tho 1st day Of
November. 1921, at 10 o'clock in the fors-
noon OF that day, for the purpose OF Isti-
Iylng and confirming the terms and condi-
tions agreed upon by a majority Of thu
eoard OF directors OF The Chase National
Bank OF the City OF New York and by q
majority OF the board OF directors OF thir
6arh to consolidate the said two banking
associations into ono association under ths
charter Of The Chase National Bank Of
the City of New York and for the trans
erly come before the meeting.
By order Of the Board OF Directors
PRANK w. FRAZET Cash,.r
New-York tribune., 1921-10-04
Northern Lines and Rock Island


Quest ion-Which Of the following three
stocks do you consider the best. Northern
Pacific. Great Northern, Rock Island per
cont preferred? They sm pay the same
dividend and they are all selling At about
Tho same price but understand that
mother the Great Northern Northern
Pacific zre earning their dividends, while
the Rock Island seems no. only to be
earning dividends preferred stock hut
has something LETT over for tho common
stcck.-M. C..
Answer-Under present conditions
the Chicago, Rock Island and Pacific
is earning q surplus above it's pre-
ferred dividends and is making a bet
ter showing than either Northern Pa
cifc or Great Northern. On the other
hand the history of the two properties
Is all in favor of the Great Northern
and Northern Pacific. The Southwest
ern roads were built in the hope that
they would develop grain traffic ana
kindred traffic in the same way that the
Northern Pacific Great Northern. St.
Paul and North Western had but these
hopes were not fulfilled There are SO
many factors which enter into iudg-
ment such rs you ask for, that we
hesitate to express it. There is the
character OF the management Of the
properties, the development of the ter
ritory through which they run, and
great number of other Factors. The
Southwest has been developed through
the discovery OF oil in recent years.
Our own opinion is that if the Rock
Island were built up physically
through earnings-that is, if ample
maintenance and additions and better
mcnts were made-and charged to In
come accounts rather than capitalized,
is would be possible to develop it into
great property. Whether or not the
present management will do that, we
connot say. Northern Pacific, Great
Northern have recently continued divi-
dends IN the face OF tho fact that they
had to pay the dividend from surplus.
This should indicate large degree Of
certainty on the part Of the directors
that earnings will begin to improve In
short time, and that the present con-
dition is only temporary. If Great
Northern earnings begin to show a con
siderable improvement within the next
two or three months, it is the best
buy. IN our opinion. If it does not,
Rock Island is better buy, we think.
ard possibly better buy than North
ern Pacific.
New-York tribune., 1921-10-04
Wichita Northwestern Il. X.
Plans New Security Issue

WASHINGTON, Oct. 5.-The Wichita
northwestern Railway Company ap-
pied 30 the Interstate Commerce Com
mission to-day for permission TO is
sue $36A,000 in its securities for the
purpose Of extending its line from
Vaughn to Lacrosse, Kan, a distance
of fourteen miles.
The application was one Of the first
referred TO the commission involving
new railroad construction. The COM
pany SAID that the line, in addition to
serving new territory, would serve as
a connection with the Missouri Pacific
system and shorten rail distances.
New-York tribune., 1921-10-04
CHAsE SECURITIES CORPORATION.
New Yorx. septemb

New York. September asth. 1921.
TO THE STOCKHOLDERS:
Notios s. hereby rssen that Special
Meeting OF the Stockholders of Chase
Securities Corporation will be held at It's
office at 81 Broadway. Borough of Man
haitian, City Of New York, State Of Now
York, on tho list day Of November. 1921,
ct two o'clock IN the afternoon, TO con
slider AND vote upon proposals TO increase
from $4,000 to 100000 the number OF
sharea. without nominal or par value,
which tho SAID Corporation may issue and
the amount OF its stated capital from
s,75o,ooe 20 100000; the conditions
under which such increase shall become
efective the consideration for ana the
terms and conditions under which, il
authorized. said new or additional shares
shall be issued; ana for tho transaction
Of such other business ns may properly
come before the meeting.
By order Of the Board OF Directors.
e. r. TINKER. President.
HALSTEAD G. FREEMAN, Secretary.
New-York tribune., 1921-10-04
FINANCIAL MEETINGS
THE CHASE NATIONAL. BANK
OF THE CITY OF NEW YORK.

New York. September 3sth. 1891.
TO THE STOCKHOLDERS:
Notice IS hereby given that a Special
Meeting OF the Stockholders OF tho Hsnls
WITH be held at its Banking Rooms al 81
Broadway, Borough OF Manhattan. City OF
New York, State OF New York. on the 1st
day OF November. 1921. at 12 O'Clock noon,
for the purpose OF ratifying and confirm
Ing this terms and conditions agreed upon
by a majority OF the board OF directors of
The Metropolitan National Bank OF the
CITY OF New York and by II majority of
the board OF directors OF this Bank 10
consolidate the said two banking associa-
tions into one association under this char
or OF The Chase National Bank OF tns
city or New yorx: and for the transsc-
e!ly come before tbs meeting.
BY order OF the Board Of Directors
w. p. HOLLY, Cashier.
New-York tribune., 1921-10-04
American Electric Railway
Convention in Atlantic City

ATLANTIC CITY. Oct. 3.--The
forteth annual convention OF the
American Electric Railway Association
convened here to-day with more than
1000 delegates representing practically
eyerv electric railway in the country
in attendance.
The afternoon was given over largely
TO the routine work of organizing the
convention. Later brief sessions we're
held by four affiliated organizations.
lhese were the Accountants Associa-
ton. the Engineering Association. the
Claims Association and the Trans
porta tlon and Traffic Association
New-York tribune., 1921-10-04
Holds KATY Common

Question--As an a daily reader or
YOUR paper ] take the liberty of asl,inr
your information on Missouri Kansas s.
Texas common, as have above stoc,; af
higher Levels. Should ihey reorganize
whar 's my common stock worth"-J. ", E
AnswerThe reorganization plan OF
the Missouri, Kansas & Texas contem-
plates an assessment on the common
stock, We believe, for which assessment
holders OF common stock WHO pay will
receive certain new securities, not vet
definitely decided on
New-York tribune., 1921-10-04
Longer Term Securities
New Iron Foundries in China

A Joint stock company has oeeh
formed in Chungking for the establish,
ment OF an iron foundry at cost o.
about 100000 Mex. states The fh
Eastern Review" An Anglo-Chinese-
Japanese syndicate has also been or,
ganized. with a capital OF 15,0o0,ooo
yen. to establish large iron foandry
on Shin~s Island. CHINA. where II 's
planned to produce 200 tons o. p'g iroh
per day.
New-York tribune., 1921-10-04
Days lNew Issues

NEGOTIATIONS are under wav for nor
financing in this market bv thc Cuban
Telephone Companv inyolvinq tho ;saua
Of a large block Of honds Tha detai1s
made nnhlic jateT in tbe veol sta+o
ment issued Yesterday showed tbat for
the twelve n,or+hs andsd NV ~ 1c.t
oross earnings of the con,nanv 1,ern
.S2,q23142. an increase Of s5oo Got
The connanv eorves 95o1e +elonLonoe
which compares with 33'S37 a. the end
Of 1920 ''''p"' . "''' 5000 a. '"e e"o
Blvtb Wittor e. CO hare onrcboead
s4o5 600 Pomona CIV erhool n;s+r;ct
Los Anpnles Coun.v Califoyn;a ~ nor
cent honds dine 1865 IN fq57 wh;cb aye
be;no nffarea of ,'.;cos ,;oid f
80 ncr cent - * no., cont Rll,9i, W."
Witter &, % bsvo alco ,,,r(La'soa 500 a.
600 Port Of Gravs 1a~boJ, Washino-tnn F,,Tu
nnr ran+ bo,de 6,,o tos1 nl,t;o,a1 ,na-'
'''- 'N' ''' ~ W ~" '''' pe' 'V''''
cooeonuood T. M.,or ~. oeo~;~
so5O ono SIor~oe Ia ro,nr,,l ;1,nra,,n
mont Gs dna ear;q1lv c,on,. 1olA ~ 1oco
at nar and ;,4a,eet. sim 900 UYoisor iL,or
Conntv O. road XIX ~, ,.or;o,,s i" ,.;n,s
mat,,9if;os ,,;o}a;~o fro-s, OK ~. oo,t oo,'t
IN * ,,c,. oa,+ a9d e. noo 00o a., ~
p,,tto 0tol,t IT, w, a"U el'0oo,v"V >,oy oA
1oas rtis KY eo YT' 't opSto4I"' ~ uiS
to ard 'f'r 'op ptL ,e.1t 80 0p''o""'
''N r- N''' ''' w.
tr,o- ~ a.-,.s :.
os Z, gNn Soo Al1oot - .s,,rr.A a.
~,
l19 s' n4' 49,,
foA1 Tlo to,1J ~ sned ~,
na,sev St,art 81 ''9s e. ro aNd n[I's faonE
y
New-York tribune., 1921-10-04
london Metal Market

LVNDON, Oct. s. Standarl copper.
spot. sos los; futures, 500 los; elec-
uolyslc, spot. s72 los; futures. g74 los.
IN, spot, fI57 Is Sd; futures. sl59
rs Sd. Lead. spot f23 5s futures.
e23 % Cd Zinc, spot. 926 - Sd
futures, f26 lis cd
New-York tribune., 1921-10-04
FINANCIAL MEETINGS
SOUTHERN TIER DEVELOPMENT
COMPANY

sTOCKNOIDERs MEETING. =,
Notice IS hereby gtven ,hRt the snnass
meeting OF tho stockholders o. tae sour
ern Tier Development Con- pany TOT -
election OF Directors and Tor the F2hs' y.
ton of such other business as may -
Brought before The meeting. VII be ne.hh
at tho Office or the Com pany. No 20 ~. Cn. ~
street. IN the City or New Iot. on iue' N.
day. October IlsA. 1921. al Ae oo'''N
p. NJ =.
The stock transfer books Will lose
the close OF business on Saturday. sep,e"
her fa;h. 1871. and reopen at 20 4. NJ. I"
Wednesday. October i2th. 1921.
GEORGE A. MINOR.
September tst. 1921. SecTefa'y
New-York tribune., 1921-10-04
Investment
Information

cuesttons Of general interest to sn-
cestoYs will be ansOersd IN this col
xmn, in sohich case only tnttials aOill
BE- used. Others soiu be ansaoered BY
mcH. Address all inquiriss, inclos-
ing q stamped, addressed enpelope, TO
Financial Editor, The Tribune, 15s
Nassau Street, New York City.
New-York tribune., 1921-10-04
FINANCIAL SECRETARY

Gentleman, largo experience in fnan-
rlai matters, now connected with New
YORK stock Exchange firm. seeks post
'.oh OF trust TO lacy or gentlemen or
eMat1 Sound Judgment Bond given.
hishest business and social rcr.renccs
- 70 ch5racfer snd ability. Age ~
Integrity, X 70@. Tribune
New-York tribune., 1921-10-04
DIVIDEND NOTICES
MIAMI COPPER COMPANY.
. I Broad Ma
New York

DIVIDEND No 81 -.
October :. is'l
The Board Of Dlrec.o ors OF \ ami Coipss.
Company have THIS cay declared c. 's,
dend Of SO cents per share. Tor he q'is - -.
year ending September so. 1871. on ~ ~.
capita stool, of the company, osyabis Ns
Nen,ner o. 1877. To stockholders OF seo''.
NJ the close Of business o. NoNemo.i
1871. Books VIII not close.
SAM A. LEWISQhN. Treasnr"
New-York tribune., 1921-10-04

Answer-After a railroad is built and
hrst starts operation-and this is speak
Ing Of American railroads in particular
AS the traffic increases, larger part
Of each dollar earned is net profit after
paying expenses, taxes and interest
charges on the investment. This is
true, as a general rule, until new termi-
nails, additional side tracks and posi-
bly, second track has to be built.
Then for while there comes time
OF diminishing returns until the traffic
has caught up with the additional over
head expenditure. There comes time.
however, when tho country has so
grown up about the railroad that addi-
tional terminals and additional land
for tracks, etc, is prohibitvely costly.
Then more traffic ls@yond certain
point has to be handled without earn
ing as much per ton net as other traffic.
in other words, the net income, instead
of increasing q little more than pro
portionately to the increase of traffic.
as IT does on q road like the Atchison.
Topeka & Santa Fe, which is not being
worked full capacity, either stands still
or actually decreases as more business
IS put on to The road. This we call i
iaw OF diminishing returns.
New-York tribune., 1921-10-04
The Law of Diminishing Returns

Question: have noticed that on several
occasions you have mentioned the Penn
SfiV&nia Railroad is working under the
law OF dilninishins returns while the htch-
!son is working under the law OF increas-
ms retuins shall be much obliged n
you will explain to ms the theory ana
meaning OF The law OF increasing and
diminishing returns-N r r.
New-York tribune., 1921-10-04

Announcement of the award is ex-
pected to be made today BY the state
Of Idaho on an issue of s. 900 0C0 5
per cent highway improvement bonds,
syndicate consisting Of W. Z. Compton
Company, Eldredge 6 Co., Remicls.
Hodges & CO and the Equitable
Trust Company was among the bid
bers on the issue.
The Sun Company has called for
sinking fund sl80.113 of its ten-year
6 Per cent sinking fund debenture
bonds. tenders for which were recent
y asked by the Commercial Trust
Company of Philadelphia at prices not
TO exceed nar
New-York tribune., 1921-10-04

bonds are subject to redemption by the
Levy Court Of Sussex County on July
l. 1929, or subsequent interest perio
at premium not to exceed per cent.
New-York tribune., 1921-10-04
ANNOUNCEMENT

The New York Trust Company announ-
ces the opening of its new Office at Num-
Der 100 Broadway on Monday, October
2,IQ21. In this office the activities of
the two present downtown offices will be
consolidated.
Customers and other friends of The
New York. Trust Company are invited to
inspect this new office and to acquaint
themselves with the facilities offered bv
the Company.
The New York Trust Cun1DaYw
Man Office Fifth 44umue Office
Broadway Fifth Ave.
New-York tribune., 1921-10-04
New York Citv Bonds
New York State Bonds
G.nsl ard Highway IS
:.

lssu-a IN coupon and registered form.
p ct interchangeable Coupon bond, reef.-
lerabie.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-04-17

Bread prices may drop In about
eix month"; C y. Powers, preHi-
dent. American Association OF Ban
Ing Industries.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-04-17
OFFICE
FORCE RtORGANIlED
BY HERNANDEZ
Number of Changes Are
Made in Staff Here
and in Field Work

B. G. Hernandez. collector Of the
Internal revenue departmcnt has
started % outline his OF
changes in the local Office which viii
becoine cnectivc on MAY I
NJ. Hcruandex said yesterday that
On that date n. O. Sutherland. field
deputy In the Roswell district h. %
b. Transferred 10 the miscellaneous
cssk Lere % held b. NTh0fnns o.
brooks Felipe DelEado IL 20 be-
manned n field deputy In IN plhse 81
John l.. Rudolph ~ the Mura.san
Afinnfcl county district.
r. o. Thsede Of Luna county is IA
take the place Of NJ. n. Mc(c1. field
deputy In the southern district. whu
"a TO resign the first OF the month.
Arthur q Miller o. Washington. -. &.
D. to come to the local onice IN some
Official capacity not yet determined.
James - Hannah. former acting
collector. H. TO act as assistant casi,-
ier 70 anne W Norment until Mas
!. when the latter IL To resign. Tho
appointment 81 an assistant 20 Ernest
iandoln. Who II TO take ontcc ~
cashier on May I has not been
named. Mr.. Hernandez said
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-04-17
'DA|RYMEN' WILL
WELCOME WOMEN
N PRICE INQUIRY
invite Them to Call and
Talk Over Price of
Milk

An officer Of The Albuquerque
Dan ymen's C~O-operativc association
said last night the milk producers
Will be very glae 20 have the civic
committee OF the Womans club call
On them 10 talk over milk prices aud
explain 20 the women why the cost
b htfh. In fact. this officer said the
dairymen themselves invited tho
committee.
u for M have not az yet received
any Acknowledgement or the invita-
tlon,' raid thH officer. $50 / am un-
able to say whether the women are
coming. A any rate they Will be
welcome al any OF the diaries. We
hope they vi come. because we be-
iieye they viii hav a better under
standing ~ prices and tho problems
that confront ~ after EreinE our
plants y talking with US
IL was stated yesterduy morning by
q member OF the civic committee OF
tho Woman's club, Witch Is endsuv-
uun 10 brtr about q reduction IN
b price % milk. thar the committe.
would VIAL the dairies early this
week 70 discuss the situation with
the milk producers.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-04-17
THE SOUTHWESTERN
CATHOLIC To MAKE
BOW IN 90 DAYS
Will Be Official News
paper of Santa Fe
Archdiocese

According 20 announcements from
Santa Re. the Cniholic Publishing
Company Of New Mexico viii within
30 days issue the first number OF tho
Southwestern Catholic. This publi-
cation b. 10 he the official newspaper
~ the province Of the archdioccse Of
santa Re and will be printed In news
paper size and In English and
spanish.
The chairman OF thg board OF di-
fcctors b. the Most Reverend Arch
bishop Albert T. DAGGER. ami the
%prosldent James s. Reed. st-.e bank
examiner The Southwestern Catholic
~ a welcome addition In the field ~
Journalism In b southwest. II Tor
no other reason than It's consistent
ffand ngainst bolahovisfn and Kindred
tsrt Being the m%outhpiccc OF
the archbishop and the priests Of the
province. lt Will be read with Interest,"
and IN" influence OF It's policy Il
obvious.
The Southwestern Catholic will eX-
tend ~ field TO adjoining states ana
viii al ali times be a booster Tor thc
state.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-04-17
Few Library Books Lost
Here; $160 In Fines Paid
ByTardy Borrowers In Year

Yesterday wne National Book Day.
the da, uxea b. the American Ia
nfaly association for rrtufninn an
BORROWED books KccpibH books
lonEer than the period for which they
~ borrowed Il throughout
tho co4mtry. and thousands Of dollars
N nnrs are coliccted each year from
borrowers
dhe Albuquerque Public Library
las the same problem. hut not 10
such an 4Ntent NJ most other cities
81 - size. IN spite OF The large num-
her o. trausicntn who became library
patrons for a time.
iaet year the library COLLECTED $50
IN rinrf from persons who kept bsauks
too lorE, but an overwhelming ma
torlty OF \ patrons % the library
nfc honest. for tho library a~ctnally
lost only thrce books last year out u
at.ttl that were circulated Pay
mtul was madc for about n DOZEN