davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
Apparel

The tail-end of the spring selling sea-
son in apparel lines is fast approach
ing. Buyers in the market are looking
mainly for "jobs," the surplus produc-
ton of manufacturers. In the women's
apparel trade these jobs are said to be
fairly plentiful, indicating an oyerpro-
duction or an increase in the manufac-
ture Of sub-standard merchandise.
The mems wear trade is quiet, al
though manufacturers anticipated some
month for filling-in purposes. Eall
lines will be opened soon. In fact a
few have been opened. The largest
reduction from spring prices so far an
nourced is 10 per cent, and the gen.
eral market level is yet to be estab-
lished.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02

ousstion--I have about $4,000 that
want to invest and ana looking for tho
got the best possible returns a. 1t repro
sonts my Income. Please give me a limo
s. sd that e ssS. r ssd % Sss v s
NIL my requirements. ~ am At a loss to
act on my own judgment. feel from
can put mo ON the right track. Remember
safety of principal Hudson & Man
haitian 10 have been recommended AZ IS.
How about Thorn Mfrs. c. T. r.
Answer-We consider the Hudson &
Manhattan first and refunding series A
IS. due 1857. recently selling at about
IS, as business mans investment
rather than IN investment for woman
who has % her motto, Safety Of prin-
cipal." We would suggest the follow
ing rs an Investment for $25,000: two
Government Of Switzerland 8 per cent
bonds, due 1910, recently selling at
104Mi six Dominion Of Canada 51a per
cent oa bonds. due 1929, recently selling
mortgage s per cent bonds, due 1862,
recently selling at So; two Southern
Pacific Central Pacific AZ, due 1949, re-
cently selling at SO; two United States
Steel sinking fund IS, due 1868, re-
Gently selling at 90; two Montana
Power first and refunding IS, due 1o4S,
recently selling at So; two Canadian
Northern per cent bonds, due 1910,
guaranteed by the Canadian govern
ment, recently selling at 1924, and two
Northwestern Bell Telephone per
cent first mortgage bonds, due 104t, re-
Gently selling at 90. Twenty shares Of
Standard Oil Of New Jersey per cent
preferred, recently selling at 1903;
twenty shares Of American Car and
Foundry z per cent preferred, re-
Gently selling at 112, and twenty shares
Of National Biscuit z per cent pre-
ferred, recently selling at ITO. The
total Investment at these prices would
be $24,02o and your annual income
would be $3.50, with tho consideration
that your bonds, which are now selling
| below their face value, will appreciate
in market price az they approach ma
turity date.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02

Recent advices from Comme,. ~.
AttachS Abbott concerning the ~ ssis
nese government foundry, the iss ~
Steel Plant, places the output Of o. 'a y
plant at approximately 100000 top I'll
IRON and steel year. rather as.t.i - !
100000 tons q month, - stst tsS i
the Japan Advertiser and quo'sSse s6
Commerce Reports Of Angus. 81 3, ~ 8,
Though the production fog l Is s.ss
estimated At 100000 tons, i h ,soD os,y
learned from the chief Of the , ..t;siiy
that the general business inss 49, 4.
ans the dull situation q thsl iro ! h
dustry during the year esussa s., I
crease in output. About o N;1 Dsbo.s
1920, the foundry held unsoiius .,.n )
10000 tons Of goods, in sdals'v ~srs
$50, 900 tons Of stock held IN =,
houses and by private concerns. ..s:y
open-hearth furnaces have re 8 -
been purchased by the founals *
proximately. $500, 600, and u = III
pected that additional equipment
shortly be acquired.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
Reserve Banks
Show 20 Million
Loan Liquidation
Investments Drop ISL, OOO,-
600, Commercial Deposits
1922, 600, 900, Holdings
ofU. S. Bonds 50, OOO, 600


WASHINGTON, May t. Aggregate
reductions Of $76,0Oo.oo0 in loans and
discounts and Of $51,00o,ooo in invest
ments, compared with decreases Of
$75,000,000 In government and Of 3l22,-
100000 in other deposits, are indicated
in the Federal Reserve statement Of
April % Of 621 member banks.
AS against slight reductions in loans
secured by government and corporate
obligations, liquidation of about $70,-
100000 in other loans and discounts,
largely Of q commercial character, is
shown. Holdings Of United States
bonds and Victory notes declined by
about $4,000,000. Holdings Of Treas
ury certificates fell off about $48,000,-
GOO, and on April % stood at $685.
100000, compared with $3.50. 100000 q
year ago. Other investments show a
nominal increase. In consequence Of
the above changes total loans and in
vestments show q decrease of $127,-
100000 for the week to SIS, 629 200, 900,
decline Of per cent from the peak
attained on October is, 1929, and OF z
per cent from the total shown on April
% Of last year.
For member banks in New York City
reductions of $10,000,000 in loans Sc
cured by government and corporate OBJ
legations, of $33, 100000 in other largely
commercial loans, of $19,000,000 in
Treasury certificates and nominal
changes in other investments are noted.
Accommodation Of reporting banks
at the Federal Reserve banks increased
slightly from 1851 ,000, 900 on April IS
to 81 ,583, 000,0 on April 22, and con-
stituted 10.1 per cent of the banks
total loans and investments on the
later date, compared with 10 per cent
on the previous Friday. For the New
York City members reduction In &C.
commodation at the local Reserve bank
from $552,000,0 to $542,000,000 is
noted. without, however. any change in
the ratio Of accommodation.
Net Withdrawals of government de-
posits for tho week totaled $4,000, 900.
the substantial loan liquidation. de-
creased by $136,O00,0 900, while time de-
posits show a gain for tho week Of
1000, 900 to $2,938 900 900 or about
IL per cent in excess Of the total re-
ported about year ago. Correspond
ing weekly changes for the New York
City banks include reductions Of
$44,0O0,000 in government deposits, Of
sos 900, 900 in other demand deposits
and gain Of 100000 in time de-
posits.
Reserve balances at the Federal Re
serve banks show decrease Of $685.
GOO, 900 for all reporting banks and Of
100000 for the member banks in
New York City. Cash in vault is shown
ST, 900 900 larger than the week before,
the New York City banks reporting
no change in this item.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02

Prices in some lines are strengthen
ing, that is, there Is less disposition to
sell below the prevailing market IN
order to liquidate stocks, but actual
advances are decidedly few. The ex-
perience Of raw silk, which advanced
the downward trend toward levels es-
tablished early In the year, Is an ex-
ample Of general price movements in
those lines in which improvement In
the movement of goods has taken place.
Much the same thing has happened in
cotton goods. To-day Converse q Go.
announce reduction of their Fruit
of the Loom" bleached muslin to q
base price of 16 cents a yard. It Is
II cents on January / and then ad-
vanced a. half cent two weeks later.
Other instances can be cited, show
ing that price advances at this stage
of the reconstruction period are ex-
ceedingly difficult to hold.
The May reports Of the various Fed
eral Reserve Banks show a general
tendency toward Improvement in bust
ness throughout the country. Unem-
ploylnent continues as factor in most
districts and business is decidedly
tries are compared, but when compari-
sons are made between business con-
Germs in the same lines of trade. On
the whole the automobile, shoe and
textile industries appear to have made
further progress toward new normal
basis than most other lines.
Crystalizing sentiment on taxation
and the tariff among business men was
attempted last week at the meeting of
the Chamber Of Commerce Of the
United States at Atlantic City. Both
issues were referred back to the direc-
tors or special committees. 1t was
thought by many that the sales tax
proposal would be either adopted or
rejected by tho convention and that
definite stand on the tariff question
would be made. The failure Of business
interests to agree on these important
problems, however, is = reflection Of
the unsettled condition Of business at
present, in the opinion Of trade leaders
here.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02

Question-Is a Public Service Of New
Jersey bond for $1,000. duo 1859. at s per
cent. q safe proposition as to principal and
interest, In your opinion? If this corpora
ton went into receivership what would be
the status of this bond? The bond was
recommended ~ reasonably safe. Another
stock would like a rating on Is Standard
Gas and Electric 8 per cent preferred. now
selling around ss7; par value is s5o.-H.
r. D. r.
Answer-The Public Service Corpora
ton Of New Jersey general IS due 1859.
recently sold at 63h. at which price
they would yield 7.S7 per cent current
interest. We think it is unlikely that
the company will go into receivershiIp,
in the long run be reasonably safe as
regards principal. It is conceivable
however, that interest might be tenn
porarily suspended. The report Of the
valuation of the property recently made
to the public utilities commission Of
New Jersey was quite favorable to the
corporation. Standard Gas and Electric
8 per cent preferred Is a reasonably
good business mans investment, we
Relieve, with attractive speculative pos
sibilities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
-Four full columns Of IN.
Uestn'enf questions and a,s.
Steers. are published in The
Tribune every Sunday.
Demand for American
Watches Exceeds Supply

Although slight falling of in the
call for some sizes and grades Of
American watches has been perceptible,
manufacturers Of high quality watches
yesterday declared that the demand for
their. product is still in excess of the
supply. They said that bracelet
watches are apparently at the zenith
of popularity, judging from the in
crease shown in orders over preceding
months. One manufacturer asserted
was making itself felt. and other
manufacturers agreed that they could
use a few more skilled watchmakers
in their factories.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02

Only fair activity was noticeable In
the general cotton goods markets last
week. The new price levels made TO-
day, slightly lower than those made
ct the beginning of the year on
bleached goods, may stimulate further
trading in these lines.
The gray or unfinished goods market
was slightly stronger last week than
the week before, the market holding
Arm at 6A cents yard for $3.50, 1884,
inch print cloths at the close Of the
week.
Response to the new prices on cotton
blankets for fall was said by sellers
to have been generous and large part
of the fall production has been placed
under order.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
Furs

It as still between seasons FOR manu-
featuring furriers. The raw fur trade
was only moderately active last week.
The fur auctions in London showed
good gains in prices for most furs,
compared to winter prices. Skunk and
muskrat, the great American staples
that are widely sold in the London
auctions, brought prices about ON a
lev~l with those ruling in January.
Announcement was made during the
week that the spring auction Of the
International Fur Exchange in St. Louis
had been definitely abandoned.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
Silks

Both raw and finished silks were dull
throughout the week, with a sagging
tendency noticed in raw silk prices.
Manufacturers maintain that finished
goods prices are based on raw silk
from rs cents to 81 pound lower than
prevailing prices and that decline in
the raw fibre will not necessarily mean
cheaper finished goods. On the other
hand, the maintenance Of present raw
silk prices, or an advance will mean
higher prices for finished silks, which
most Of the manufacturers wish to
avoid at present.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
Oppose Buyers Attitude
Manufacturers Seek to Correc,
Seeking Sacrifices

. The large number of buyers for re-
tail establishments who are now in
the local wholesale markets seeking
"job lots" Of women's coats, suits and
dresses, has led the Associated Dress
Industries Of America to call q gen
eral meeting Of the dress manufactur-
ing trade at the Hotel Annex, next
Tuesday afternoon, to discuss ways and
means Of combating this tendency
among buyers. In seeking sacrifice
merchandise buyers are harming the
distribution of regular lines Of ap-
parel, the manufacturers feel.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
Where to Buy Bonds

ousstion--will you kindly give me . 1T
tie more Information in regard to King
dom Of Belgium per cent bonds7 Where
could obtain them Pr. L. H.
Answer-You can buy Kingdom Of
Belgium per cent bonds through any
bank or trust company or a broker ad-
vertising in The Tribune. The bonds
are due in 1910; interest is payable in
january and July. They were selling
recently at 104h and yield 1855 per
cent current interest and II held to
maturity 7.55 per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02

arc not geuuirsd. that am mot looking
for apeculi zion, but am willing TO increass
my princsas by buying small coupon
have AtisEsic yoast Line. Louisville q
Nashville o. lernl ~ 1863, Boston ele-
waited thrty.;ysr. Is 1912, Chesapeake q
frst ~ 1899. Consuniers' Power first Is
1895 Galveston g. Houston Electric Rail
way irst Is 1894. Georgia Midland hrst as
soiidatsd s. 1885, Lake AM Erie lew westsrn
sfrst So 1887. Los Angeles Gas ana Electric
Trsfunding s. 1872 Mssoari. gansas 8
york. Ontario westef' s'S resunains ss' -
1922. Oklahoma Gas and Electric first 80
1Sse, pacinc Coast Powt, ntst IS 1879.
Seaboard Air Line first As 1850. Southern
Power Company nrst o. 1890. Syracuse
Rapid s Transit frst Sc ls4s lat go. vir-
Unitod Gas and Electric firat refunding Is
196o.--F, x. O. n.
Answer-The Atlantic Coast Line,
Louisville 4 Nashville collateral AZ and
the Virginian Railway nrst 5s rank
first, IN our opinion In safety. The Rio
Grande Western Consolidated IL would
come next for q man who does not
worry, and the Missouri, Kansas a.
Texas first 4s look attractive as "A
semi-speculation. The Southern Power
On in our opinion are a good invest
ment. With present high freight rates
Southern cotton mills using hyrdo-elec-
trio power ought to prosper. Southern
Power In 1920 sold power to over 200
mills. Consumers Power first and re-
funding IS are possibly slightly less
attractive but we think them good
investment. The Lake Erie g. Western
6s are the bonds of one Of the New
York Central Lines, and we consider
them q good investment. Next in order
we would place the Los Angeles Gas and
Electric IS and Pacific Coast Power IS.
Woman Seeks Per Cent
Question: have 5000 TO invest. am
steady reader OF your paper and through
Ing; $1,000 each Belgium s.. Republic OF
Chile ss. Danish Municipal &c. Can you
seo1mm M, several more bonds where
. per cent and over. Would You recon-
on account OF III hs to fv'
therefore must be careful not to lose any
money. NY friend advised ms to buy
you--Mrs. 6. s. s. AAs'A'nS until near 1r0"
Answer-We would not recommend
short term bonds that yield 8 per cent
to woman who has been compelled ia
give up business on account Of Ill
health. United States Realty and I'm
provement bonds are, in our opinion
good. You can get, we think, at pres.
emit prices fair degree Of safety with
8 per cent yield, but principally In the
foreign government issues. You already
have three foreign governments and
We would advise you to be content with
somewhat lower income yield anc
buy Cerro de Pasco Copper 8 pei
cent bond due 1881, recently selling al
lot, yielding 7.01 per cent If held tc
maturity, or Northwestern Bell Tele.
phone first mortgage z per cent bond
due 1941, yielding 7.09 per cent II held
to maturity,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
Leather

The leather trade last week further
advanced in its drive toward nor
malcy. Orders increased in size, al
though below normal volume A
larger demand for staple lines was re-
ported by leather men. No recession
in the call for specialties was visible
Prices in many instances were stiff
fened and but little shading of prices
was heard Of. More shoe factories
reported increased production. Or
ders were largely for immediate ship
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02

Question: shall value your advice In
these circumstances: AS = cheap form Of
insurance l practiced diversincation In
buying bonds until over 100 different Is.
sues had accumulated. Keeping track OF
four or Ave years have been buying .
secure $1,000 piece OF one sort or another
until have some twenty to twenty-five
duplicated At present have $1,000 to
invest and think Of choosing say seven
or eight bonds from the appended list.
For Information may say that have
| $4,000 Liberties that tax-excmpt bondD
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
Woolel1s

Developments were lacking in wooden
goods, but the trade is maintaining
its gains made since the beginning Of
the year. Despite the fairly heavy or
made much Of q stir in the buying
Of raw wool. Production Of woolena
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
DIVIDEND NOTICES
DETROIT UNITED RAILWAY
DETROIT AND NORTHWESTERN
Dali NAV

The esSS.0oo First Mortgage Bonds OF
the Detroit and Northwestern Railway
Whsnh mature on May 1, 1921, will be
teke2 up from the present holders upon
peesantatl0n to tho Central Union Trust
O6mpAny Of New York, 80 Broadway, New
YasE City. Coupons viii be paid - hereto
fore BY the Union Trust Company Of De-
tFe1t. They should be detached and de-
A. e. PETERS, Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
FINANCIAL MEETINGS
1HE NEW YORK AND HARLEM
RAILROAD COMPANY

ror1cMs: T is fiEE b d1 I'VE r that III.
Ninety first Annual Meeting Of the Stock
holders Of The Now York and Harlem
Railroad Company. for the election Of Di-
rectors and the Transaction of such other
business ~ may lawfully be brought before
the meeting, will be held 1t the once of
the company. In Grand Central Terminal
In the City Of New York. on Tuesday. the
17th day OF May. 1881.
che poll Will be open q ~ O'Clock noon
and continue open for two hours there-
after.
The Tyansfer Books will be closed at 8
o'clock 2: H.. on Friday, the 2sth day. Of
q Wednesday. the 18th day Of May. 1921.
EDWARD r. STEPHENSON. Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
The Week III Business
Factors Making for Improvement Gaining Strength,
but General Trade Conditions Re-
main Spotty Here

~ business conditions continue decidedly spoy although
making for improvement gaining
strength better business taking the
rather than upift
which many have deemed coroary general
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
The Cleveland and Pittsburgh r. r.. Co.
OFFICE OF TREASURER,
.KVEY "A ND. OHIO rrf1 QKth 1871

DIVIDEND .NoTICE.-The regular quar-
tsr1y dividend Of 1z% on tho Regular
Guaranteed Betterment stock Of this Com
pany. payable June LIST. 1921, VIII be paid
on and after that date at the ONCE Of
4eeerA Winsiow., LAnier & Company. SO
Cedar Street. New York City. to Stock
holders OF record at the close Of business
- 1850 - ,. r. KLoss, Treasurer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02

ms1st, With but ~ orders calling Tor
delivery ~ future datss.
Increased activity was reported IN
tbs Chicago hide market. Several large
sales q calfskins were made, the
prices representing considerable ad-
vanees over prices obtained in sew
eral weeks. A quantity Of packer cals-
skins sold, ct "a per cent gain over
previous prices. Many dealers were
reported to have held firm until their
price was accepted.
The shoe trade continues to report
Improvement. Progress il being made
in booking orders for fall delivery, be-
ginning about August /.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
American Spirits Manufacturing Go.
No. rs Broadway,
New York, y: <. April % 1871.

TO THE STOCKHOLDERS:
Tho Annual Meeting OF the stockholders
TURING COMPANY will be held at 2
O'clock ,. m on Tuesday. May II. 1921:
& the once OF the Company. No IS
OF Directors. and for the transaction Of
such other business a. may properly como
before the meeting.
The transfer books Of the Common ana
Preferred Stock of tho Company will not
e 80 clo ''0M A. HoLzINarR. secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02

and worsteds continues to improve and
1t Is estimated that the industry il now
running close TO so per cent Of ca
pacity.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
san xnrzTx Ky sAyy1So sS4A BANK o,

Netice Il hereby xiven that ct . Yns~s.
rs & the sharshoidcrs Of The Lisssty Ns.
elenAl Bank OF New York, held N March
&. 1891, the Plan. dated February 1. 1871.
ptevadlng for the merger Of the said Bank
into- Tho New York Trust Company, was
FlAn. Il was voted - MquidAts said Ma.
tienaf Bank. and rs-incorporate ~ state
bank under the n&me The Liberty BaAk
g New York. and that upon the oreanisa-
t110 81 said State Bank procesdinge b
taken to merge said State Bank with TIE
o7eW York Trust COMPANY.
J. ". VALE. casAiss.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
BUFFAIO. ROCHESTER, PITTSBURGH
RAILWAY COMPANY

Thu annual meeting Of the stOokholdere
Of the Company with be held at the once
az the Company. No. SO Wall Street, New
York CITY. af 2 p. NJ. on Monday. May 18th.
1921. Tor the election Of thirteen Directors
and three inspectors OF Election for the
ensu3ug year. ana for the Transaction of
such other business 60 may properly be
brought before euch meeting.
The transfer books Of this Company will
be closed on May 10, 1921. ana rsopsAed
N Nay II, 1921.
ERNEST yeELIN. Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02

Several jewelry manufacturers last
week admitted that they had reduced
their prices. These reductions, which
ranged from 10 to 20 per cent. they
said, were the result Of improvements
in tho process Of manufacturing
jewelry and Of slight cuts in labor
costa. A leading ;cweler believed that
reductions made by Che manufacturing
trade in general ranged up to 10 per
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
FINANCIAL
s1 xmnEz xA15cNAn BANK Oh

The Liberty National Bank Of New
Yen. 1ocatad At $50 Broadway, New Yerk
City, II the state OF New York. II clonlna
tta Affairs All noteholders ard ether
e1eaStefs q the association are therefore
hefeby nottded to present the Ae.oD And
ethss s1aims for payment.
2. ". WAlZ Cashier
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
ELECTION NOTICE I

NI1ooUFi Fecld0 6aIlFoad CompaMy
st. Louis Mo-, April 81, 1881
Notice IL hereby given that the Annual
Msstinx Of the Htockhoiders OF Missouri
gaeiac Rai!road Company will be held ct
City Of st. Louis, Missouri. on Tuesday.
May 10th. 1921. 1t nine o'clock A. NJ. for
the election Of seventeen Directors for the
ensuing year. ana for the transaction Of
any other. buansss that may come before
said meeting
MISSOURI PACIFIC AAILnoAD COM
PANY.
~ B. r. BUSH, President.
H l. UTTER, Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-02
Standard Oil Companies
Miscellaneous on Companies

All Lobos 2s 25 Merr o c. IA ian
do Pc. 20 80 Mid Rfg..147 14s
Bran 9. 26M 27hlMt Prod. lin 11X
Cos h Co. TX 8NiNorthw O23 81
ELK Bn az 9MIPrd& RfC Az AK
Imperl Oil. 9S 90 lis Ok Prd 13N ID
Magn Pet.145 155 Sap RING. Az Az
tPar $40. ~ OMI Il