davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
Stock Prices
Rule Firm as
Steel Leads
Underlying Strength Shown,
Despite Irregularity, and
Average Is Higher; u. S.
War Bonds Rise Sharply

Despite considerable irregularity In
the price movement at the Stock Ex-
change yesterday, the market gave an
exhibition of underlying strength, and
after early uncertainty closed higher
in the average. The trading developed
some extremely strong spots among the
industrials. of which the most striking
was United States Steel common. which
forged ahead within slight fraction
CT So The other steel shares were
generally higher, and the movement
here was associated with the fresh re-
ports of growing improvement in the
steel industry. This upturn in the
steels proved beneficial to tho rest Va
the market. Dealings were about on
the same scale as the preceding day.
Developments outside Of the stock
market were extremely interesting and
significant. The announcement of the
heavy oversubscription Of the latest
issue of s6o0,o00,000 of Treasury notes
and certificates was striking piece of
news. Total subscriptions for this
issue were reported in excess of ST.
400,000,000, and the New York Federal
Reserve District alone Is understood to
have put in orders sufficient to absorb
the whole 100000 900. Indicative of
the eager demand for these short-te. III
securities is the fact that almost imme-
diately they have gone to premium
over the offering prices. The rapid
oversubscription yesterday Of the new
S25,000.o00 Canadian National Railways
bond issue was also an indication of
the healthy demand for prime invest
ment securities Of all descriptions.
IN the bond market yesterday all of
The United States government war
loan bonds exhibited pronounced
strength and gains ranging from 20 to
rs points ere recorded in the Liberty
issues. The second AIS showed the
largest gain Of 78 points, while the
fourth ANS were up 81 points.
The cotton market experienced a
severe decline, with December options
falling to 10 cents, or 2M cents a
pound under the high point made on
the recent recovery. Wheat prices raj
lied after early weakness and the clos
ing was firm.
The feature Of the foreign exchange
market yesterday was the sharp re-
covery in German marks. The rally
carried marks to 97-100 of a cent, com
pared with low of 90-100 made earlier
in the week Sterling exchange rates
were unchanged. Francs, after an early
decline below cents, recovered, to
close unchanged from the previous day.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
Decrease in Postal Savings
Withdrawals. Report Show,

WASHINGTON, Sept. 16.-A general
Improvement in postal savings deposits
throughout the country was shown bv
August reports, the Postotfice Depart
ment announced to-day. Total deposits
August 81 were approximately 1852,
100000, a decrease for the month of
about 100000, the smallest decrease
shown in several months, the statement
said.
The Improvement was general, and
particular note was made of increased
deposits at industrial centers. De-
crease IN the Withdrawals was taken
as an indication by postal officials Of
an easing Of the financial stringencv
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
Regular Crucible Steel Dividend

Directors of the Crucible Steel Com
pany had protracted session after the
close of yesterdays market. At its
conclusion it was announced that the
regular quarterly dividend of 81 a
share had been declared, payable Octo-
Der 81 to stockholders of record Oc-
tober Is. The action of the stock the
last few days has indicated that there
would be no change in the dividend
rate, which was cut from So to 81 three
months ago.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17

On the New York Metal Exchange tin
was easy with Straits, Straits ship
ments and standard quoted at 25.756
2625c and 80 per cent at 25626c. Con-
per quiet, standard spot, September
and October, 11.75c asked, and cleo
trolytic spot, and September, 11.87h
@12.37hc, and October 12612.50c
Lead quiet, New York spot, 4.70 and
East st. Louis spot, 4.45c asked. Zinc
quiet, New York spot, 4.5Oc, and East
St. Louis spot, 4.2O asked.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
Crude Oil@lutput Less

The daily average gross crude oil
production in the United States for
the week ended September 10 amount
ed to 1876, 040 barrels, compared with
1,292,27O barrels the preceding week,
according to the latest figures compiled
by the American Petroleum Institute.
was due to the decline of output in the
mid-continent and Southwest fields.
There was falling off in the former
territory of $3.50 barrels and in the
latter of $3.50 barrels.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
Baldwin Not After Soviet Contracts

Philadelphia dispatches to the fnan-
cial district yesterday quoted Samuel
M. Vauclain, president of the Baldwin
Locomotive Works, as saying that the
company is not negotiating with the
Russian Soviet government for the sale
Of locomotives to be paid for in com
modities. Such an arrangement was
reported in recent dispatches from
Moscow. Russia, however, is UNDER
stood to have been in the market for
locomotives and recently placed or
ders with German manufacturers. 1t
is considered possible that some export
ing firm either here or abroad might
undertake to sell locomotives to Russia
and purchase the engines from Bald
win.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
The Dollar i'm Foreign Exchange

Foreign exchange rates held rather
firm in yesterdays trading, although at
one time French francs suffered re-
lapse below the seven-cent level. The
close, however, found most Of the lead
ing European exchanges unchanged or
higher.
Cable rates on London moved within
narrow margin and were unchanged
at $3.71 at the close. German marks
showed a tendency to recover and ad-
vanced to within short distance of the
one-cent level.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
BOSTON Wool Market

BOSTON, Sept. 1s.-"Ths Comn nor
cial Bulletin" tomorrow VIII ~.
"There has been a fairly good ousins Il.
accomplished in wool this week. ,sry
though the trade has not been ' nd
evenly distributed. Prices keep urn .s s.s
low grades are inclined TO strenssu y.
slightly. A better tone. also, ar.
ported in the goods markets. Inc ;"
eign markets are all strong.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
Some Exacting Investment Require
ments

Question: have been following the gee
ton Investment Information for somo
time and on the strength Of tho informa-
tlon / obtained l bought 81 900 st.
Louis-san Francisco prior lien per cent,
Series A, 1860, bond. with which ] am
which I wish to invest in domestic
fAmerican) bonds on the following condi-
tions: % bonds to mature within twenty
per cent current interest the invest
ment (3) bonds TO be prior liens or
direct obligation secured by a mortgage; %
bonds to be listed thu New York Stcci.
Exchange and to represent indugt rial en-
terprises Of two types--ta) some nsaufac-
tured product Gas represented by General
Electric or Westinghouse agricultural
interests) or an electric light and power
company, and rb) some basic industry.
such as iron, rubber. oil, lumber etc. With
the sum at hand | understand ! shall have
to purchase bonds considerably below par
and must therefore be careful in my selec-
ton. Wish to be governed by the follow
ing: Has the company been following
conservative policy-that is during the
inflated" period just passed did the com
pany expand with its eyes open" or did
1t expand rccklessly. regardless of the
consequences? The companys business
may be dependent general conditions
prevailing at home abroad, condition
imposed by the puplc at large--whether
1t be individual or firms buying the manu-
featured product. Is the company earning
enough to pay it's fixed charges and inter
est on its indebtedness or is it's surplus
fund (as "A result Of conservative manage
menD sufficient to see the Ncornpany
through this period of depressioiE through
which We are passing and which may last
another eighteen or twenty-four months
Will appreciate it if you viii name some
bonds which meet the above conditions as
Approximately as possibility. H.
Answer-Two bonds that would
meet your requirements are Northern
States Power first and refunding 5s,
due 1871, recently selling around 80,
to yield 6.84 per cent, and Goodyear
Tire and Rubber first sinking fund IS,
due 1871, recently selling around 101.
The latter can be purchased in $500,
$500 and $1,000 denominations. Al
though this issue was the outgrowth
of the recent reorganization Of the
company's affairs, they are well Sc
cured, and the underwriting bankers
have retained the right to control the
management of the company through
out the life of the bonds. We notice
that you do not favor either railroad
or foreign government issues. In our
opinion, there are many excellent
bonds of either class that are now
open to investors. The two bonds
named above, however, we recommend
to you as good investments.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17

PARIS, Sept. 16.-Trading was dull
on the Bourse to-day. Three per cent
rentes, 55 francs 80 confines; ex-
change on London, 53 francs %
centimes; per cent loan, 81 francs 45
centimes; the dollar was quoted at IA
francs SO confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
London Metal Market

LONDON, Sept. 16.-Standard cop
per. spot s67 It's Sd; futures 500 15s;
electrolytic, spot Eta los; futures STA;
tin, spot a154 Is Cd; futures s156 12s
Sd; lead, spot s23 rs Sd; futures e22
los; zinc, spot s24 It's Cd; futures
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
Sinclair Consolidated

Officials of the Sinclair Consoli-
dated Oil Corporation stated that all
the seventeen tank ships in the COM
pany's feet are now engaged in hand
ling bulk cargoes. Four weeks ago
only six OF these ships were in service
Officials are confident that the feet
will be operated at 100 per cent Of
capacity through the winter because of
the recent signs of further improve
ment in the export business.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
Sears, Roebuck Buys Own Notes

Since the publication by Sears, Roe
buck of its financial statement as of
June 80, 1921, showing outstanding $14,-
100000 serial notes, due October next,
it is stated the company has taken up
over 100000 of the notes. 1t was
reported yesterday that on September
3 the company had open lines of credit
at banks of over 30.0Oo,00O.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
London Market Featureless

LONDON, Sept. 16. - Trading was
teatureiess on the Stock Exchange to-
day. Bar gold was quoted at HOS 10d;
money was loaned at ~ per cent. Dis
count rates were: Short bills, 3HM
per cent; three-nlonth bills, 4 1-16 per
cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
Larger Bank Clearings

New York bank clearings for the first
time in several months are beginning
to show an increase as compared with
year ago. Yesterdays exchanges were
1902, 100000, or $247 ,422, 104 greater
than on the corresponding date of 1920
Boston clearings were also larger. For
long time the daily exchanges at the
local clearing house have been run
ming several hundred millions under a
year ago. The large clearings yester-
day were due, for the most parA to the
September Is tax payments and gov
ernment financing.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
Investment
Information

Questions Of general interest to IN
pcstors will be answered in this col
umn, in which case only initials will
be used. Others wiH be anewered by
n,nit. Address eli inquiries, inclos-
ing stamped, addressed antelope, to
Financial Editor, Thc tribune, 49,
Nassau Street, Neag York city,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
Bid and Asked

Following are the closing bid and
asked quotations of stocks listed on thu
Stock Exchange in which there vera
no transactions yesterday:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
Cuyler on Railroad Situation

T. de Witt Cuyler, chairman of the
Association of Railway Executives, as
serted yesterday that he did not ex-
pect general railroad strike, although
he admitted that labor troubles might
develop among some of the shopmen,
because of the wage cut and changes
in working rules that became effective
last July i: Mr.. Cuyler believes that
any difficulties in this direction, how
ever, will be of sporadic nature. Com
on developments peculiar to
the carriers, he said he expected further
sales of car trust certificates held by
the government, pending the passage
of the railway relief bill, which he
confidently believes will pass shortly
after Congress reconvencs in Decem-
Der. Regarding August earnings Mr..
Cuyler said they would be satisfactory,
but as to September and October, he
looks for a decline in net, because of
the. preparations being made by the
roads to undertake maintenance work
which has been delayed during the
summer months.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17

Checks ,...... 1884 3.34 1856
ECUADOR (par 4s.es cents a yucre)
c19 GheSks snsr az ( c sSs7 n s5;s7
Checks ........10.37k 1925 16.l2h
URUGUAY (par 1892 cents a peso)
Checks 64:25 $500 $500
VENEZUELA (par 1913 cents q bolivar)
Checks 1900 1900
Canadian Exchanse-New York funds In
Montreal. IL. 10 per cent premium: Mont
real funds in New York, 10M per cent
discount
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
Money and Credit

Call money became easier yesterday
following q renewal rate Of per cent
and closed at ~. Payments for gov
eminent taxes and new financing are
understood to be the main factors in
the current ease Of the local money
market.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
Government Issues at Premium

There has developed an unprece-
denied demand for the new government
short-term issues just sold. They are
regarded as particularly attractive to
corporations, banks and other financial
institutions as an investment. The
one-year notes were quoted yesterday
at a premium of 316, the three-year
notes at premium of Sic, while the
SIX months, maturity sold at 100 5-32.
The New York Federal Reserve Dis
trlct alone is understood to have placed
subscriptions for $500 900 900 Of the
S6000O0,000 sold by the Treasury De-
partment, while subscriptions for the
country as whole are estimated at
81, AGO, 100000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17

Bank Clearings-Bank clearings at
New York yesterday were: Exchanges,
$905. $1,000: balances, $110,800,0OO.
Silver-London, S9Ad; New York,
domestic bar, 99Ac; foreign, CSC;
Mexican dollars, SOC.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
Bid. Asked

Blu. ASheu.
Adj Rumely pr 3S% 43
All Am Cable. l03 1861
Am Bnk Note so 50&
do pr 500. Al 49
A B S & II pr 81 As
do pr So. SSA 90
Am Can pr. TON slh
Am Coal &C.,. "A
A Cot Oil pr A as
Am La France 81 8
Am Malt s. G 10 -
Am Radia -. 671s SO
Am Shipbldg. 6M 6&
Am SIN pr A 64h 66M,
Am Snuff ..l02 III
do pr E. 76M SO
Am st Fly pr. 81 SO
Am Sum r pr. 20 30
Am Tel & C. As SO
A To pr new S91s S91s
Am w Wks.. 312 5
do pr $40. $40 9i5
do prior pr. 477s 4S%
Am WI pr. 90 9ehI
Am Wool pr. 95 9S
Ann Arbor -. IL 16
do pr >. 81 24N
Art Metals. :. IL Is
Assets RI Co. " ~
Asso Dry G. % 80
do I'd pr. SO 50
Atlantic Pet. liz l2N
Atlantic Ref. $3.50 S65
do pr .l06 los
Atlas Tack :. l4ia l5%
austin Nichols 8 10
do pr $50. "a 62ls
Auto Sales Co 2is 3h
do pr 800. 8 10
Bald Loco pr 95 100
Barnett Lea. IS SIS
do pr ..... 78 80
Barnsdall -. 10 rs
do B ...... Is 1874
Batopilas NJ. y y
Beth Steel :. sly 5lN
do s PC pr, Hh 100
Bkn Edison. :. % %
Bkn I'm Gas. 05 IS
Brown Shoe. :. 80
do pr 80. SoM
Brunswick -. 8 az
Bun r g. p. 81 SO
do pr ..... II -
Bun & Sus.. 100 rs
do Or SEQ. - 4S
Burns Brs pr e5 llb
Bush Term. =. - 100
Butte 4 s G. lSk l3%
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
U. S. Realty's New Contracts

An improved outlook for the United
States Realty and Improvement Com
pany was indicated yesterday in the
announcement that the George A.
Fuller Company, its principal building
subsidiary, has closed contracts
amounting to over s14,900,OOO since
May l, the beginning of the fiscal
year. These contracts represent con-
struction work from Montreal to
Miami, Fla, and consist principally Of
hotels and office buildings, one of the
largest being the Bowery Bank. at
Forty-second Street, New York, which
calls for an expenditure of more than
$4,000, 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
A Step Of Doubtful Wisdom

It good So
and invest the money in some high grade
PONDS paving about or IA per cent
for six Years p' at 5 ho',g sr s on the far
that perhaps in six years bonds that paw
around rd;,,1 ~ per cent might be at pre-
to $3.50 more than I would if 1 didn't
mortga ge the farm. am anxious to make
me most out of my money and at the
Answer-Do you think that $500 to
$3.50 4 year is worth taking some
preach. That is a question asked in
good faith. There is a slight element
OF speculation in mortgaging your
farm and investing The money in bonds
that yield z to TX per cent However,
the element is small, and if you feel
reasonably sure that your farm will
continue to earn enough to give YOU
good living, you can do as you suggest.
We would advise you to be pretty con-
sentative, however, as to how you in
vest your money. We would suggest
the United Kingdom of Great Britain
rs. due 1887 recently selling at 81.
which, however, gives you only 685 per
cent if held to maturity; Kingdom Of
Sweden per cent bonds, due 1899, re-
Gently selling at 863a, yielding TAP per
cent if held to maturity, and Kingdom
of Norway IS, due 1910, recently selling
at 103A, yielding 1855 per cent if held
to maturity. We think that these
bonds are safe. If, however, you want
77h per cent coupon rate bond we
would suggest the government of
France twenty-year TX per cent bonds,
due 1941, recently selling at 954z.
Long Island Debenture SIS
Question--wil you kindly give ME some
Information on Long Island twenty-year
debenture IS? 1 should like to know how
they are secured. Is the Pennsylvania
Railroad back of them? How high and
how low have they sold IN the past few
months? Also would you class them as q
good investment IF. II. D.
Answer-We think that the Long
Island twenty-year per cent deben-
lures, due 1887, are good investment.
They are not guaranteed by the Penn
sylvania Railroad, but the Pennsylvania
Railroad owns nearly all of the stock
of the Long Island, and, in our opinion,
it is likely that the Pennsylvania, to
protect its own investment in the Long
Island, will see that that company has
sufficient funds to meet its interest
charges and the principal, when due, on
its debt.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17

A,As <A-f%hNNk
Hendee Mfg g. Is 1871
Homo Mines. 56a 5S
III Cont | /. 601a -
Int Cement. e.. 20 &c
l NJ T LIST pr IS 70
do I'd pr. -. SO 60
Int Nickel pr rs so
Int Salt -. 40 COY
Iowa Central. 5 Z
Island OIL. :. 2ss az
KCFS&M pr. COZ -
Kayser J -. IS So
do LIST pr. =. SO 100
Keok & d NJ. 4 Z
Lake 4 & w 10 IS
Ligg & NJ L. .161 40
do b ......161 1876
Lima Loco pr. so 80
Loft Candy. 01s 10
LEV Biscuit. 80 SO
do LIST pr. IS 90
do I'd pr. :. 97la 115
Lorillard p LAG $50
do pr =. 0S3s lO4
Louis & N..1Osn l0st
Mackay Cos. E. 81 so
do pr ..... SIS Sc
Nah Coal 80 700
Malltnson pr. 62h IS
Manai Sugar % 90
do pr 49,. 80
Manhat Beach II ~
Man Elec sy. 80 49h
Mauhat Shirt. 251a %
Man st Ry. 81 Az
do prior pr. 30 30L
do I'd pr. E. An 81
Marl'd on. IT l7S
Mar Rockwell. 0
Mat AL W.. l2A IL
Max Mot CT. \ ~
do LIST pr ct AZ 8
do I'd pr ct. 2is 4
do A $40. s9H
do B ...... 8 OIL,
May Dept ST. rs so
do pr 49,. 95
Mex Pet pr. IT 90
Mich Central. 10 az
NJ X & T pr az 3
Mont Pow pr 80 94a
Mont Ward :. lSX 10
Morris & Els. IS SO
Mullins Body l7L 1911
Nat Biscuit, .llb 100
n Q & S pr. so So
n 2 & s pr. 81 90
MR. NJ LIST Or 8 q
n Q T & NJ 81 53L
\ 7 Air Br. Sc so
N Y g & s L 59,s 90
do LIST pr. b.. 60 II
do I'd pr. 81 o7l
y Y L & W so 90
Norfolk So >. s 10
Norf & w pr IS 70
NnVu Co. O. a~yf
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-17
u. 8. Steel the Leader

Interests, who are understood to have
been mainly responsible for the recent
rise in the market, transferred their
activities to United States Steel COM
mon yesterday and succeeded in getting
the stock up to 1919, new high, on
the current movement. 1t was notable,
however, that the rest of the indus
trial list did not respond to the
strength in Steel as much as was ex-
pected in some quarters. Baldwin,
Mexican Petroleum and other recent
speculative leaders, seemed inclined to
heaviness when Steel was taken in
hand. Still, at the close, the range of
prices showed the plusses to be in the
majority. The market has apparently
reached the stage where it is being
watched closely. According to the bulls
it is simply having respite prepara
tory to another advance.
The Adair County news., 1921-11-29
November Beauties Not Found In
Other Months.

1t is almost beyond under
standing that healthy humans,
possessing good lungs, cle9r eyes
good legs, sound minds, and a re-
spect for nature and beauty,
should allow themselves to be
cooped up during the early days
of November in narrow rooms
where the air is stuffy and where
the great outdoors is foreigner.
November offers beauties and
benefits not to be found in other
months.
A glimpse from the drive over
the valley discloses trees of many
hues, shades and shadows not
like the ones in the pictures,
mists and suns rays, and the air
is fresh and crisp and invigorat-
ing.
Yet Mr.. Cityman and Mrs.
Citywoman stay in the cooped-up
quarters, drinking in the lifeless
air, looking at painted or paper
ed walls, reading perhaps all too
much. anb missing the greatest
month that nature has provided
for mankind.
The Adair County news., 1921-11-29

November was made to be
used. The trees are to be seen.
The hills and wales are to be ap-
preciated. The out-d door paint
ings are to be enjoyed. The
songs of the late birds are to be
heard. The water splashing over
the stones is for our ears to hear
The grass carpets are to walk up
on. The invigorating, fresh,
Iife-giving air is to be breathed.
The time soon comes when liv-
ing in inside quarters will be too
necessary. Why begin the shut
in life before we have to?
November days should be
something more than little
squares on the wall calendar. q
They should be days when we
appreciate the outdoors and
when we get the benefits that
nature intended for US to get.