davidaulloa/AmericanStories huggingface dataset:
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1921-10-08

The Chinese government is to estab-
fish an air mail service between Pc
king and Tsinan. The flying time will
be about 2h hours.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1921-10-08
THE G. A. R. 8 WILL.

The Grand Army of the Republic facing its declining days. is
setting order At the annual encampment Indianapolis
the last testament organization up The
will in the form resolution and provides for the disposal of all
properties Of the Grand Army after taps sounded
the last of these good soldiers.
The properties accumulated since the organization
founded considerable monetary and sentimental
value things of far greater which Grand
Army will those who after fittings which neither
visible tangible preservation test of the
nation
Loyalty bravery fiery patriotism, fine generosity the
qushed good citizenship peace the greatest which
these vanishing veterans have to leave.
The cleanliness of SunKist musical comedy Wash
ngton Thursday evening refreshing This demonstrated
that pleasing comedies with pretty and wnome girls staged
without the all common filth and dirty insinuaton
The New York herald., 1921-09-11

American Falls at 6 o'clock last night.
The purse and hat. according to inscrip-
tions written on a memorandum inside.
were the property of Miss Beatrice Orr
of Cleveland. Ohio.
Tho authorities are not certain whether
there Is any connection between the find
ing OF the hat and purse and the passing
Of the body over the falls. This viii
not be determined until the body is re-
covered or Miss Orr located.
In addition to the memorandum, the
purse contained an order OF deportation
from Canada. showing that Miss Orr had
been dcported from Athelstan, Quebec
because she did not have the necessary
cash deposit required Of all persons en-
ter.ng the Dominion.
@. r.. Sharp OF Cleveland and his
brother, w. w. Sharp OF Kansas City,
Mo-. are authority for the statement that
a body passed over the falls. They told
The New York herald., 1921-09-11

reservation officials that while they stood
at Prospect Point at G o'clock last night
they saw brown clothed body with one
hare arm extended upward pass over
the falls. They were unable to state
whether it was the body of a woman or
man. The body reappeared in the lower
river soon afterward and boatinan set
out from the Canadian shore to recover
II. But they were unable to do so. and
the body passed on down the river into
the Whirlpool Rapids and was lost to
view.
The New York herald., 1921-09-11
BODY OYER NIAGARA,
! / GIRLS HAT FOUND
Papers Indicate Suicide May
Have Been Miss Orr of
Cleveland.

NIAGARA FALLS, N r, Sept. 1o.-A
woman's hat ana a black leather purse
were found on bench on the State
reservation following a report made to
the: reservation police that body had
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
Taking British Bonds to England

Question: would be so glad to get
your opinion OF some United Kingdom,
1887. ga bonds which l hold. am a
single woman and the doctor says must
az once have serious operation and
must take at least twelve months rest
afterwards. am British citizen and
my brother a minister near London. may
endowed hospitals. Now I have four OF
these $1,000 bonds, two bought at par
and two at SO. How could best take
advantage Of the present rate Of ok
funds in England7 have sufficient cash
my brother will provide mo with a room
afterward for the rest. wish to pay
bonds.--J. w.
Anawer-You have good invest
ment, which, on its recent selling price,
shows you a current return of nearly
SO and yield to maturity of 7.13 per
cent. We see no reason for you to
disturb it. II you take the bonds to
England and cash the coupons there
you will profit on the exchange and re-
ceive an annual return Of about SOC
pounds sterling at recent rates of ex-
change. OF course. If the pound moves
back toward par you would receive
fewer pounds for your dollars, but in
that case the purchasing power of
British money would undoubtedly in
crease. We doubt if you could find as
good an investment after you get to
England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
Days Ne,o Issues

Dillon, Read 4 Co. announced yester-
day that subscription books on the
Gao, 900 900 Goodyear Tire and Rubber
8 per cent first mortgage bond issue
have been closed with substantial
oversubscription. The new bonds were
traded in on the curb for the first time
on a when issued" basis at 80. the
price at which they were offered.
Approximately $25,ooo,ooo Of the
$40. 00o, 900 Of Federal Land Bank bonds
offered for public subscription have
been sold to date, it was learned yes
terday. The bonds are being steadily
absorbed by individuals who desire
tax-exempt securities. institutional
buying has been heavy.
The Public Service Commission has
authorized the Brooklyn Edison Com
pany to issue s., 1000 900 two-yesr per
cent bonds, the proceeds Of which will
be used for the construction Of new
power plant in Brooklyn.
Graham, Parsons & Co., che National
City Company, Harris, Forbes & Co
and Montgomery & Co. were jointly
awas1s1 yesterday an issue Of $1,000
900 sIh.ss district Of Philadelphia
per cent serial bonds maturing $4,000
annually from November 1, 1881, to No
vember /, 1850, on bid Of 100.15.
Sherwood & Merrifeld, H. l.. Allen
& Co., and Rutter & Company are offer
ing a new issue Of 100000 81 per cent
school bonds, City Of White Plains
N. Y. These bonds will yield 4.95 pei
cent income.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
City Could Sell
$lOO,OO0,000 51ss
AT Premium, View
Bankers Believe Corporate
Stock Could Be Offered
to Yield More Than S
p. c.; Interest in Big Loan

Investment bankers in the financial
district expressed great interest yes
terday In the announcement Of Comp
troller Charles l.. Craig that the City
OF New York would have to undertake
the largest single piece Of financing
in it's history, involving the sale Of
approximately $2sO,O00O00 in new Sc
curities, as a result of the failure Of
the Legislature to pass the bill he had
requested, moving the date for pay
ment Of the second installment Of
taxes up to July /.
The program outlined by Comp
troller Craig would call for the sale
Of $100,000,000 Of corporate stock of
the city, running for fifty years, pro-
viding that amount of new money,
while the other $16O,OOO,O00 would
consist Of short term paper in the
form of revenue bills, which would
simply replace tho same kind Of
paper now outstanding.
Bankers who are experts in the
matter of municipal financing
figured yesterday that under current
market conditions the city could sell
an issue Of $100,000000 Of 5h per
cent tifty-year corporate stock> at .
slight premium over par. This would
houses underwriting such an issue to
offer the stock to the investment pub
lie on basis of around $3.50 per cent.
The same experts said that an issue
Of $50,000,0O0 fifty-year 5A per cent
corporate stock could probably be
sold on basis that would make pos
sible public offering at price to
yield the purchaser $40 to 5.15 per
cent.
The disposition in banking circles
was to blame the Comptroller for the
predicament in which he finds himself.
1t was asserted yesterday that the city
should have done some long-eerm
financing long ago to refund floating in
debtedness, but that the Comptroller
had on several occasions failed to heed
point. Two years ago, for instance,
the Comptroller's office was informed
that the market was fright" to absorb
an issue of $100,000,000 long-term stock
on Az per cent basis. Again some
time later Comptroller Craig was told
that he could sell corporate stock on q
per cent basis. On each occasion
the bankers were informed that the
policy Of the Comptroller's office was
to finance the city's requirements in
other ways. The view is held in Wall
Street that the idea Of the Comp
troller's office in not undertaking any
long-term financing during the Hylan
regime has been to pass the burden to
the new administration.
The news chat Comptroller Craig has
finally decided to undertake long-term
financing caused a slight recession in
the price Of some of the outstanding
city issues, which are selling around
8 sos to $40 basis.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
The Days Bond Market

M Tribune prints each day the ND
sdy dasss Of all active bonds quoted
n H. NGsYork Stock Exchange. The
.yrn oisu bond to the inpestor depends
svcx three factors: the rate of interest
n ,scgrity bears. the market price
nd ts distance of tho maturity date.
7. feufs tie precise yield on bond it
i s,csssary to use yield tables, but the
,,rssimcte yield can roughly be figured
". BY tho followimg formula: Divide
40 closing quotation on bond into
tss fsts Of interest it pays, and the re-
nit will be the annual return. If the
sesd 10 selling BELOW par you mast
susr also for tho appreciation of the
urs,ipal, To do this subtract the mar
h: quotation from par, or 100, and d.
uas tie remainder BY the number Of
yssr, tho bond has to run before mo-
tsrsY. For Example, u q per cent
,,sd i selling at 90 and has ten years
% nm, the annual return sUill be 6.66
w cent. The difference betweem par
nd tic market price soiu be 10 points,
,st,sctino 30 from 100. Diuiding ten
ash by ten years, the quotient s0itl Do
|. This figure is to be added to 6.66,
sAiek l. the annual return, and tho re-
nt aSs per cent, will give you the up-
rszmste yield.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
Joseph HI. Young
Heads ID. & r.. G.. W.:
First Board Acts
Directors Chosen by Stock
holders i'm Denver Select
Norfolk Southern Chief;
Krech Named ON Group

=, Joseph II. Young, president OF the
Norfolk Southern Railway, was elected
president of the reorganized Denver a
Rio Grandc Western Railroad at a
directors meeting here yesterday.
Mr.. Young, resident of Norfolk,
Va, was connected with the old Dem
yer & Rio Grande system under the
Gould administration. 1t Ia expected
he soon will retire from his present
position and enter upon his new duties
within the next few weeks.
1t is understood that Mr.. Younr's
election is acceptable to the Denver &
Rio Grande protective committee, which
recently opposed transfer of the sys-
tenn to the interests now in control.
DENVER, April 22.--Directors were
elected at the first meeting Of stock
holders Of the new Denver & Rio
Grande Western Railroad Company of
Colorado, which is to. take over the
property Of the Denver & Rio Grande
Railroad sold at foreclosure sale here
last November. Among the directors
chosen was Alvin w. krech, of New
York. who also is chairman Of the
board of the Western Pacific Railroad
able Trust Company Of New York,
which h Ids $S0,000,000 mortgage on
the property.
The directors elected, all Of them
from New York, were: T.. w. M.
Cutchen, l. De Bruyn, John B. Dennis,
Frederick H. Ecker, A. M. Hunt, Alvin
". Krech, John B. Marsh, Robert w.
Martin, George Wildwood Murray, Ly-
man Rhodes, John Y. Robbins and
r. B. Young.
After the regular meeting a special
50 ,~x~ IL u L.
company to make the $1,000,0O0 issue
of common stock of no par value. The
original incorporation filed with the
Secretary of State had fixed par value
of $50 a share. The change was made
to conform with law passed by the
last Colorado Legislature.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
Woman's Selections Not All Good

soc Gnes ,h1I will have $4,000 to invest
c cotra Ar LINE Tst 49, 1850 about S.
latlve preferred at 95; Crucible Steel nsr
cent preferred, 80; National Biscuit ? nsr
cent preferred, 100; Telephone and Tele-
gre "a at los, or Standard oil Of New Jer-
sey instead OF National Biscuit. Please te,I
mem what you think Of the selection for
would be safer.-L. II r. WV ''''''N
Answer-The Scaboard Air Line is
one Of the weak railroads, and we do
not think even the first As are a proner
woman's investment. The sugar in
arstry is liable to wide. fluctuations
IN earnings, and, althoug oh we think
the Cuban-American a sound comnanv
we would not recommend the preferred
stock as a woman's investment. The
other stocks you name are, in our
opinion, good investments. There is
little to choose between National Bis
cunt preferred and Standard Oil Of New
jersey preferred. In place of the Sea-
board Air Line and Cuban American
Sugar, we would suggest one Southern
Pacific, San Francisco Terminal f3rst
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
Anxious About Cluett-Peabodv

Question-I notice your paper quotes
In. .nss Oluett-Peabody common stock as
cut the last dividend on the common
s sc aot from ems per cent to per cent but
l., Kindly let me know and also az to
what you think of their future prospects,
am a stockholder.-L. S. V.
Answer-CluettPeabodys May divi-
dend on the common stock has been
passed. The collapse Of prices forced
the company to write off s2,356,o in
inventories. The company made only
ssa,sSS ,o0o net in 1920 on business Of
$32,S0O,O00 and showed q deficit ~
almost $4,000 after dividends. Stock
holders prospects depend on the final
result of the company's readjustme nt
to new prices, buying power and other
conditions. Too many factors are in
VOWED for us to attempt to tell YOU
what that result will be.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
Human Element Needs
Change, Says Alexander
World Has Never Seen Such
Profound Readjustment,
His Vie1v

BOSTON, April 22.-The human ele-
ment in business and industry needs
readjustment, as much as the economic
factors, James S. Alexander, president
Of the National Bank of Commerce in
New York, tonight told the members
of National Association of Cotton
Manufacturers now in convention here.
"Never before in the history Of the
world has there been such q universal
and profound change in human CON
duct as we have seen in the period
since the World War began" Mr.. Alex
ander declared. "Never before has hu-
man conduct produced such variations
in business away from what we are
accustomed to consider normal
course. =
titude of man toward his job. Looking
at this in a large way we see nations
still struggling and fighting one with
another. Within nations we see labor
still creating turmoil, while the at
titude of employers is not always what
it should be. Business stability and
a new normal for the conduct OF the
worlds economic life canont be found
while these conditions persist.
"Too many people to-day hope and
epect something will be done for
them, although their interests would
best be served by their doing full
days work for their pay. There is an
effort on the part Of workers to retain
the advantages won during the abnor
NAL war period Of shorter hours, higher
pay and easy work, regardless Of the
present lack of an economic basis for
the continuance of such conditions.
The fundamental principle of enlight-
ened labor leadership to-day should be
to inculcate a return to the doctrine
of an honest days work for an honest
days pay. Inflated wages and the nom
competitive conditions Of the war and
the later boom period produced inef-
ficiencx and irresponsibility."
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23

in concentrates and other shipping
products totaled 1o6,e72,2S7 pounds.
AFTER smelter deductions, the net pro-
duction was 101,SsT,758 pounds. In ad-
dition, gold was produced to tho value
OF $04S,2l7 and silver to the value Of
S2S1,ll6. Continuing his remarks to
stockholders Mr.. MacNeill said:
AS shown in the report of the man
aging director the cost of producing
copper from all sources was 1921
cents, compared with 14.145 cents for
1913. Deducting the value of gold and
silver recovered and miscellaneous in
come IN Utah, including that from the
Bingham & Garfield Railway Company,
ss r to 2:os2 cents per pound.
from the cost of producing copper, re-
suits in per pound cost for 1920 of
l3.l45 cents, as compared with 1926
cents for 1919"
Mr.. MacNeill made mention of the
sale in February OF $4,000. 900 short
term notes, issued by the Copper Ex-
port Association, backed by 100000, 900
pounds of copper. The Utah company,
he stated, did not take cash from the
sale of the notes but took notes them
selves to the par value of $3.50, 900
for the copper transferred to the Ex-
port Association by the company.
For the greater part OF 1920, Mr..
MacNeill said, the Utah properties
were operated on basis of about SO
per cent, but toward the end Of the
year production was reduced to rate
less than 40 per cent Of capacity. Re-
ferring to the closing down Of the
mines this year be said that "every
measure is being taken to protect and
preserve the company's mines, plant
and equipment in such condition that
revival of industry and demand for
copper metal will find your company
in position to again resume produc-
ton as may be warranted"
In the company's statement of assets
and liabilities decrease is shown Of
$685. $50 in marketable securities held
at the end iof the year. The surplus Of
quick assets over current liabilities on
December 81 was $21, 10S, 146, or $685.
408 less than at the end Of 1919
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
-Four full columns Of in
Cesement questions and an
ssoers arr published in The
Tribune every Sunday.
Corn Products Earns
$l.7O Share in Quarter

The Corn Products Refining Com
pany reported surplus for the quar-
ter ended March 81, after ali charge 9
and Federal taxes, Of $1,2s2,331, equiv
alent, after deduction Of preferred div
idends, to $1.70 share earned on the
$49,784,0O0 outstanding common stock,
compared to $5,l64,519; or 1920 q
share, earned in the corresponding
quarter of the preceding year.
Net earnings, after deducting charges
for maintenance and repairs, and esti-
mated amount of Federal taxes, etc.
amounted to $1,654,866, against SIS. 684,-
3?o5 Surplus stood at 1909 and total
income $1,746,135.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
[Itah Copper Fails
a. $4,924,498 to
farq, 1920 Dividend
|..,.rce Sheet Shows Cash
- Hand of $1,964,392
ID Market Securities
v.lned at $1O,148,37O

=. Utah Copper Company, the
~ :, Of the porphyry group. failed
wv IN its dividend requirements in
- - sAs24,4ss, but did not jeopar-
:. "a financial position greatly by
y. ..,,uing disbursements to stock
~ ~. because of the large surplus
W. s.ulated during the period Of the
The balance sheet as of Decem-
~ :, 81 last showed marketable securi-
y siol4s,s70. metals on hand and
q " valued at S10,b97,103, and
. 49, ~ hand Of $l,964,S92. The COM
50 :" nroft and loss surplus at the
sT the year stood at $44,17T,422,
al u I'd with s4S,999,s64 at the close
/ 1919, nn.~a+;ro .,
i. Va, to S1S,902, 1926, against $19,-
~. III in 1919 and s4S,797, 423 in 1917,
49, y ,.snmpsny's record earning year.
y ss Shaving S15,526,271 for expenses
w, ..~ss and including other income
~ ,,a.,'sa7S4a the 1920 balance was s4.-
!, s scs equivalent to $3.03 a share on
sssl's capital stock $50 par),
si sssssrd with $5.0S R share earned
e ! isis The annual report pointed
: J. , shst no Federal income taxes for
~ "a ' we're included in costs or set up
!. =. reserve, due to the low taxable
some for the year.
FIN IN MacNeiil, president. stated in
i. report that the decline in income
% p. yesr was due to somewhat
, =. copper production, higher cost
is.ar'mIuipg, milling, treatment, refining
y frsigSt, loss on Liberty bonds sold
~ y .,.sdnction by half of the capital
4. sa,dtribution received by the company
! Nevada Consolidated stock. :
= n;ridends were paid to stockholders
,1,;us the year of SIS share. Total
e. s,srasnsements since the organization Of
II. ~, company up to and including De-
y, snbsr 81, 1920, amounted to $111,-
''s,ss' ..rnar nroduetion during 1920
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
virginia Iron Gs,arter

For the quarter ended March 81, the
Virginia Iron, Coal and Coke Company
reported net earnings, after interest,
taxes, etc, of $471,356, equivalent to
SAT- share earned on the $4,000 900
capital stock, compared to $564,964, or
$6.22 a share earned on the SCOTS, 500
outstanding capital stock in the CORE
spending quarter of the preceding year.
Gross earnings amounted to 1888, 1888,
against $727.531.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
Asks Advice Before He Buys

Question: have $4,000 would like to
invest. friend of mine told mo to invest
II with the Silver Screen Mining and
Milling Company. Promoter j. H. Ehlers
Tor the aforementioned company claims
the stock VIII pay at least a o per cent
dividend by fall: The property Is located
IN Colorado. capitalized at 1900, 900 shares
at ~ par value and offers same at 80 cents
per ehare.-F. w. B.
Answer-We advise you not to buy
SILVER Screen Mining stock for invest
it will pay dividends in the fall? Ia
he seer?
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
Wants More Than 6 Per Cent

Question-Will you please give mo your
opinion as to whether the following bonds
get little more than per cent on nv
money? have about $40 to invest. A
friend advised mo to buy these Western
Rapid Transit refundlng Is. 1865, about
q. Or had better buy New York Tele-
phone S. at 30; Atchison, Topeka g. Santa
re As, 1895. at II; Chesapeake g. Ohio IS.
l946. at So: New York Central debenture
IS, 1895, around So; Pennsylvania Railroad
IS. 1898, around S5?-A. B.
Answer-We think that the New
york Telephone, Atchison, Topeka e.
York Central and Pennsylvania Rail.
road bonds are good investments and
that the two bonds your friend advised
are speculative. Put your money into
the four bonds that are investments.
Don't speculate with it-unless you can
afford to take risks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
Canada Nav Take Over Road

VICTORIA, B. c., April IA pro-
posal that the government take over
the Pacific Great Eastern Railway will
be discussed with the Dominion Cab
met by Premier oliver during his
Forthcoming trip East, it was learned
to-day. The provincial government is
said to be in favor Of the proposal.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23

Questions Of general imtsvsst 70 Ia
Vestors soNl Do answered In thls GEL
MmN, in sphich case only initials will
b used. Others will b dnsUered bt
wall. Address all inquirfss, imclos-
dng q stamped, addressed envelope, e
F2nancial Editor, The Tribune, IS1
Nassau Street, Nesv York City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
Railroad Plans Bond Issue

WASHINGTON, April %. - The
Alaska Anthracite Railroad Company
asked authority Of the Interstate Com
merce Commission to-day to issue ST.
100000 per cent twenty-year bonds to
complete Its line. Charles D. Davis,
general manager, said the business and
climatic conditions in Alaska required
that the road be completed during the
present working season.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
London Metal Market

LONDON, April 22.-Standard COP
per, spot, 27O; futures, 27O 5s; electro
iytlc, spot, e71; futures, STA; tin, spot,
4l6S ITS Cd; futures, S171 12s Sd; lead,
spot, f21 Is Cd; futures, s21 IFS Sd;
ENC, spot, 926 IS; futures. H27.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
Oriental Gold Arrives

The steamer Eastern Knight sailinN1
from Port Said brought in yesterdss
GA boxes Of gold, approximately 81
100000, consigned to local bankers.
The metal came from India and China
and it is expected further shipments
will be made.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
Dividends
Holders

Pc Fay H6Id6fB
Rate Rod able OF REQ.
Chem. Nat Bank.4T BIN May 2 Apr. IS
Ludl I,S,. Mfg AS 3, 20 q TUNE, NAV .
do special. ..$1 June May .
Mass. Cot Mills. 81 ga May ~ APR. %
Trenton Potteries
Co., non-cu. pr. 10 Q Apr. rs Apr %
Tobacco Products
Corp. scrip....14s% Q Mayls May
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-23
Steel and Ordnance Stocks
Miscellaneous Oil Companlcs

All Lobos. 20 es fMerr Cp IL 1914
do pr. 10 80 Midw Rfg.144 146
Bran o. 26A 27hlMt Prod. 11A Tx |
Cos & Co. TN Northw o as 81
Elk Bsn So 9HlPrd& REC ~ Az
Imprl OIL. IS % rs OK Prd 1874 1874
MRgn Ptrl140 $50 Sap Ring An Az
tPar $40. lW s O g. L 5. IL