davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Phelps-Dodge May
Buy Arizona Copper

Sale of the Arizona Copper Com
pany, Limited, which owns about 1000
acres in the mineral belt of the Cliff
ton Morenci district, Arizona, to the
Phelps Dodge Corporation is being
discussed, according to reports in the
financial district yesterday. 1t is
understood that the Arizona Copper
stockholders will receive Phelps-Dodge
stock for their holdings if the deal
goes through.
The Arizona Copper Company was
incorporated in 1884 in Great Britain,
and its stock is mainly held in Scot
land. Its authorized capital consists
of f755,000, of which a709,9S4 has been
issued. It's output in 1917 reached
42,480.000 pounds, but was cut down
to 100000 pounds in 1919. One of
the reasons why the Phelps Dodge
company would acquire the foreign
owned concern is understood to be be-
cause the latter built new smelter
in 1914, the utilization of which would
save building a smelter to treat ores
of Che Detroit Copper Company, a
Phelps Dodge subsidiary. Both prop
critics are situated close together,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Fall Buying Season Sets In,
With More Retailers Here
to- Place Orders; Co.
operative Exhibits Open

Predictions that August would bring
vastly increased business in the local
wholesale textile and apparel fields
were borne out yesterday when a large
number of Buyers for retail establish
ments in all parts of the country ar
rived here for the purpose of making
purchases of early fall stocks. The
women's apparel houses yesterday took
on buster look than they have had
for several weeks. The retailers have
not lost much of their caution in plac-
ing orders, but many of those who have
just arrived in the market have not
placed orders for the fall season until
the present.
The primary textile markets also
took on new activity. The gray or
unfinished goods section ,of the cotton
goods market was more active than at
the close of last week. The bullish
tone of the raw cotton market was be-
iieved to have been reflected to some
extent in gray goods. Print cloths and
sheetings were the principal fabrics in
demand.
The silk market, according to sew
eral manufacturers, started this week
slightly better than last week.
Several special attractions for the
buyers were opened yesterday. A mer-
chandise fair in which over 800 man
utacturers of wide range of "popu-
lar priced" merchandise are showing
their wares opend in the list
Regiment Armory. At the Pennsvl
vania Hotel $50 lines of women's and
chlldren's apparel are exhibited in the
grand ballroom. Many retailers also
came on this week to attend the fall
fashion show to be presented at She
Hotel Commodore tomorrow night un-
der the auspices of the National Gar
ment Retailers Association.
Reports from Chicago during the day
tod of an active wholesale business
mere re, IN connection with the opening of
Ine Fageant OF Progress" Several New
lorh textile firms are represented in
an exhibit which opened YESTERDAY
at the Palmer House. N"y
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Fisk Rubber Plans
Capital REIMBURSEMENT
Stockholders Asked to Approve
Plans for New Issues to
Buy Federal Go.

special meeting of stockholders of
the Fish Rubber Company has been
called for August 9 to consider read
Justment of the capital stock and debt
and to change the par value of the COM
mon stock from S25 share to no pa.
value. The principal proposals under the
plan provide for the creation of bonds
notes or other evidences of indebtedness
without limitation of the maturity and
the creation of class of stock with
voting power superior to that of any
class of stock now outstanding.
Authorization will also be sought for
the, creation of one or more mortgages
or other liens to secure the bonds or
notes authorized and to authorize the
acquisition Of all or any part of the
assets and liabilities of the Federal
Rubber Company or the Ninigret com
pany letter to stockh olders states
that through inventory adjustments
about S8,5O0,000 was deducted from the
Fisk company's surplus account, Sc
tia. its balance sheet now shows n def
icit instead of a surplus, as does that Of
the Federal Rubber Company,
1t is understood that the new bonds
will amount to S1O,00O,o00 and will run
Tor not more than twenty years. Hold
ers of Federal Rubber first preferred
are to receive first preferred stock OF
Fisk, share for share, and in addition
IS 1-3 cents & share as dividend adjust.
ment on the Fisk stock, to, cumu-
late from May last. Holders Of
Federal second preferred are to receive
second preferred Fisk stock, with the
same dividend adjustments to cumu-
late from June l.
Federal common stockholders are 20
receive Fisk common stock, share for
share, and holders of Ninigret com
pany, preferred and common, are to re-
ceive in exchange common stock of Fisk
on basis to be fixed by the latter COM
pany's directors
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Petitions in Bankruptcy

The following petitions in bankruptcy
were fled yesterday in the United States
District Court:
DoRF LuGGAGE sHoP-Involuntary
Leaf her goods, 2S3 Broadway
JOFORDE. INC.-Involuntary. Gowns
and hats, East Eighth Street.
REGENT CLOTHES, INC.-Involuntary.
Mems clothing, l4O Nassau Street Liza :
bilties. $4,000; assets. Sc 900
r. & o. TIRE CO.--1nvoluntary. Au-
tomobiies tires and accessories, 233 West
assets, 81 SCI.
REGENT cLoTHEs-A second involun-
tary petition. Mems clothing. lao Nassau
Street.
Schedules in Bankruptcy
The schedules in bankruptcy filed yes
terday in the United States District Court
SAMUEL MosKALIK. sl4 Longwood
Avenue. Liabilities, s1.406; assets. $3.50
MITCHEM TEXTILE CORPORATION
Soften ..t os. goods - Bend Street Liabilities.
MOSBACHER & CO.-Shirts. III Leon
ard Street. Liabilities sGt, 26S; assets.
Receivers in Bankruptcy
The following receivers in bankruptcy
were appointed yesterday in the Federal
District Court
Aaron schneider. receiver for Dorf Lug
case shop. 23S Broadway, with bond
OF $1,000
CHESTER. Front Street. with bond of
50, goo
Allan p Emil. receiver for Regent
Clothes, Inc. mems clothing 40 Nassau
Street. with bond of $4,000
Robert +. Stephenson. receiver for Kohl :
berg q Co, cigar manufacturers, 535 East
Seventy fifth Street, with d bond OF
$4,000
Henry ID. Kaufman, receiver for the
Stetsoa blouse shops ladies' biouses ana
waists. IS West Thirty sixth street.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
b II sine SIS ~ e " 8
Local Wholesale Markets More
Active as New Month Opens
W h0lesaIe Dry Goods
OLunse Increasing

A substantial increase in the
wholesale distribution of dry goods
is shown for last week in the
weekly review of the market by
Marshall Field & Co., Chicago. Dis
tribution was much greater than
the week before, and despite a large
number Of road statesmen on vaca-
ton. orders from the road con-
tinued in satisfactory volume.
There were approximately the
same number of customers in the
market as week ago." says the
review. "It is expected that a very
large number of merchants from ell
over the country will be in Chicago
during the next two weeks, com
bining their trip to market with
visit to the Pageant of Progress,
which is being held on the Munich
pal Pier July 80 to August Ia
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Smith Carpet Bonus

YONKERS, N. Y, Aug. 1.-AlexanGer
Smith G. Sons Carpet Company to-day
distributed their twenty first semi-an-
nual bonus, amounting to $4,000.
among 1888 employees.
This is the largest single distribu-
ton in the eleven years that this sys-
tenn has been in effect. 1t exceeds the
bonus awarded February /, 1921, by
$4,000. In the eleven years the com
pany has distributed $3,262,00o. The
bonus payments were continued through
out the war without interruption.
The payments are made on grad
uated scale, employees of one year re-
ceiving 5 per cent of their aggregate
salary for the six months preceding
the award, the rate increasing / per
per cent for ea4h year of service En-
ployes of eleven years service or more
receive Is per cent of the preceding
six months salary
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Investing Money From Sale of Home

Question: have sold my home and de-
sir. to invest $4,000 in bonds The fol-
lowing have been recommended: Chicago.
indianapolis s. Louisville per cent at IL :
Pennsylvania " per cent. at ssE: IL
llnois Central Va. at coz Troy Laundry
and Machinery Company 3 per cent, at
s7le. What is your opinion of these in
vestments2 I am looking for safety first
and az good a return as Is consistent with
safety. Are there any other bonds you
would consider in preference to the ones
aforementioned? "A r. G..
Answer-The Troy Laundry and
Machinery Company per cent bonds
are direct obligation of the company.
but are not secured by a mortgage.
We would consider them business
mans investment. Illinois Central
rs, due 1884, are good investment.
IN our opinion, as are also Pennsvl
vanla e1ss and Chicago, Indianapolis
g. 4 louisville refunding SIS, due l947.
There is also Chicago, indianapolis
& Louisville first and general mortra ge
O., due 1865, which is Junior to the 5
OF 1s47 and is not readily marketable.
we suggest Swiss instead of the
Troy s.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Upturn in Failures
Shown i'm July Report
Number and Liabilities Largest
Since March; Increase of
LIZ p. C.. Over Lime

The backwash of the financial and
business depression was reflected in a
larger number of business failures and
larger liabilities in July than in the
months Immediately preceding, accord
ing to. Bradstreet's report to be issued
July 6.
There were 1883 failures reported to
Bradstreet's for the month of July, an
increase of 154, or lis per cent, over
June and the largest monthly total
since March, which had 1900 failures.
Compared with July year ago, last
month shows one and one-half times
more failures, while as compared with
July, 1919, the low-water mark for a
month for over 8 generation past. there
were two and half times more fail
ures. Liabilities for July were s6a,-
1b6,34s, $1S,1o0,000, or IS per cent,
more than in June, slightly larger than
the toto( for March, and in fact, the
largest since February this year. Com
pared with July a year ago, the liza
bilities were 81 per cent. larger, and
they were over eight times the liza
bilities of July, 1919.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02

6Aa. 1914. Is the prieipaI and interest
safe and are the. bonds sufficiently d.
versiiedf What changes would you aug
EsstY The weaker bonds. liso New York
State Railways US and Chile Copper IS.
were bought at about present prices Do
you think It necessary for me to lie
awake thinking about these bonds or
may ! sleep in pace &C. j.
Answer-Chilc Copper 6s, New York
State Railway ANS, Goodyear Tire s.
Rubber IS, Sinclair Consolidated 7Ms
we woald rank as business mems in
yestments. Your list is we'll diversi
fed. We think you have no need to
lie awake at night thinking about these
bonds, but il you are inclined to do
SO, we would suggest that you change
the ones we have named. In place OF
these we would suggest a New York
Central debenture 6. due 1896, Mon
tana Power first and refunding 5. due
1943, and a Standard Oil of California
Z, due 1891. and Westinghouse Elec-
trio d. Manufacturing Is, due 1881.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Silk Hose Market Strong

The silk hosiery market continues ex-
ceptionally strong, with some mills
sold up to the first of the year, accord
ing to reports in the trade. The demand
is conferred on full fashioned silk hos
iery, the supply of which has been re-
duced considerably by the protracted
strike in the Philadelphia mills.
In cotton hosiery, some brands priced
exceptionally low have been well
bought. Unbranded cotton hose, how
ever, have been comparatively dull, ex-
cept in children's lines. Prices have
shown no change recently.
Raw silk dealers report that hosiery
manufacturers are the principal buyers
of raw silk at present
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Defends Policies
OF Reserve System
From Criticisms
National City Bank Says 1t
Is Unfortunate That Polit-
ical Significance Should
Be Attache d to Plans

The National City Bank Of New York
in it's August review Of economic con-
ditions in the country declares that it
is unfortunate that any effort should
be made to attach political significance
to the management or policies of the
Federal Reserve System.
in the judgment of the people best
qualified to judge of banking policies
the bank says, "the chief error COM
mltted in the manageme emit Of the Fed
eral Reserve system up to this time
was in making credit too cheap while
the government loans were being
foated and in the year following the
armistice. This policy was not gov
erned by economic conditions, but by a
desire to facilitate the floating of
loans and keep the public in pleasant
humor. The public was misled as to
actual conditions and has suffered in
consequence. Many people have viewed
with concern that feature of the Fed
eral Reserve system which provides
that the member of the governing
board at Washington shall be APP
pointed by the President, and every
attempt to make capital for or against
any political party from the policies of
the system increases that concern. If
the Federal Reserve system is to be in
volved in every Presidential election
and the policies of the reserve board
are to be directed with view to carry
ing the next election, the usefulness of
the system will be greatly impaired"
The fundamental difficulty upon
which revival of business waits,
according to the bank, is still the in
equality of values as between the vari-
Gus classes of goods and services. The
normal basis of trade between people
of different industries has been dis
turbed, and it is only by the pressure
OF painful experience that the old re-
lations are restored.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Dull in Shirt Trade
Manufacturers Are Undivided
About Spring Openings

Shirt manufacturers are experiencing
lull in business at present and are
undecided when they will make their
initial showings of spring samples.
One of the largest manufacturers in
this city stated that his spring lines
probably will be opened about Septem-
Der TO- Other manufacturers say that
it is unlikely that the market as a
whole will show spring lines much be-
fore the middle of next month.
Demand for low priced merchandise
has featured the wholesale shirt market
lately. Silk shir are said to be al
most unstable, except in the larger
cities, and then in not more than Is to
20 per cent of the volume that marked
the heydey of the silk shirt in 1919.
The return of the old dollar shirt at
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
His Bond Is Lower, But Still Secure

esuestlon-,I have $500 to invest, and had
thought of buying Gulf Oil notes Dn vou
sohs'Ger thern good investment and what
moulo you recommend that 1 purchase? /
naNe one ;! 900 bond of the Oregon Wash
ing ION Nallroad and Navigation COMPANY
rronteu a As, due 1861, for which I paid
Ss1V number OF years ago II Ia now
selling for about $500. Is f a fairiy n safs
II, IN Etstment and what would YOU think of
puying another one OF the bonds in ina
nope OF making up some Of the Loo. ,
opiety or principal is of course tho frs,
coHsideration.--A. r. P.
Answer-You have nothing but a
paper loss on your Oregon w ashington
Railroad and Navigation refundjne a
que 1861. The bond is quoted at a
lower price than it was when vo,
bought it because the price of money
mas gone up, but that does not mean
that you have lost anything, nor are
you likely to lose anything. The bond
IS thoroughly good investment to hold
tili maturity We would not, be in
chned to invest in short term notes at
present unless there is some reason
why you should have money coming
due in the near future. St. Louis &
San francisco prior lien 4s, which come
IN $500 denominations and are secured
by an underlying mortgage, on a weak
road, 1t is true, but still with good Sc
curity we think, recently sold at 81
You could get $500 therefore for
little bit over $500. We think this
would make good investment for you.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
FINANCIAL MEETINGS

Notice Is hereby given that at q meeting
=, me stockholders Of Maxwell Distributing
lo.pofatton. held on August l, 1921. the
iehowins resolution was adopted by unan-
imeu3 vote;
resolved that thu name of this corpora
5oh Re changed from Maxwell Distributing
,vtporation 70 MaxweliC Chalmers Dis.s
lliouting Corporation, such change TO take
meet as soon as tho necessary papers have
:osen hied in the office OF the Secretary of
State
JACKSON B. CLARK. SECRETARY.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
He Need Not Lose Any Sleep

Question-I shall be glad to have your
information of the following bonds which
/ hold for investment; Bush Terminal 5s.
1855; Cerro de Pasco os Duquesne Light
Is. Northwestern Bell rs. American Agri-
cultural Chemical 7hs, Bell Telephone of
Pennsylvania Is, Grand Trunk rs, Chile
Copper Is. Southwestern Bell Is Bush
Terminal Building SIS, 1860; New York
State Railways AIS, 1865; philadelphia
Company % 1929; Goodyear Tire and
Rubber So, Sinclair 71ss, Alabama Power
6s, Pacific Gas and Electric bs. Northern
States Power SIS, Southern California Ed-
SON 6s. 1874 Utah Power 5s, 1914.
Shawnigan Water and Power Is, 1850;
Chicago Union Station 6ias 1863 Vacuum
Oil is, 1885, Great Northern Is, 1885; Mi
nois Central rs. Cry Of Copenhagen
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
-Four tuN columns Of iss-
cesfpaent questions and an
sscers are published in The
Tribune every Sunday.
Rally in Prices
In Active Buying
On Curb Market
Oils and Specialties Show
Increased Demand; Peer
less Motors Advances
Sharply; Bonds Quiet

Prices developed a firm undertone
on the curb market yesterday on a
show of increased buying activity. Oils
and some Of the specialties were in
demand. Bonds were quiet, but prices
held firm.
Maracaibo and some of the cheaper
oil stocks registered fractional gains.
Cities Service common was unchanged
at 119 at the close, but the bankers
shares advanced fraction.
Peerless Motors led the industrial
group with an advance of 2 Y points to
80. Glen Alden Coal worked up frac-
tionally.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
PROPOSALS
FAfRMoNT CoAL C0MpANy NV

~ e. e. Undersigned Trustee under the First
~ sao,tgage OF the above Company has on
slrxJ,u. ne SUN OF SO. 39S.52. pursuant to the
$3.50 proposals setting forth the serial
sa lassnsss OF the bonds offered to exhaust
erwin, san at price not to exceed los per
esiyss and accrued interest will be re-
& ~ oy the undersigned at It's Office. No
o,ri csaar Street. New York City. up to IL
sss. noon on August i6, 1921.
i United STATES MORTGAGE AND
TRUST co
BY CALVERT BREWER.
Nice-prasSdap4
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
DIVIDEND NOTICES
IE BUCKEyE PIPE LINE COMPANY

The BUCKEyE PIPE LINE COMPANY,
IL Broadway. New York.
July 10th, 1921.
dividend OF two dollars per share has
neen declared on the Capital Stock of this
company. payable September 18th. 1921.
~ otockholders OF record at the close of
business August 23rd, 1921.
Al communications regarding payment
y change OF address should be sent to the
1921
GEORGE CHEsEBRo,. Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Liggett & Myers Tobacco Company

81. Louis. Mo. July 81, 1921
~ quarterly dividend of three per cent
mon Stock and Common Stock B OF LIG-
GETf g. MYERS TOBACCO COMPANY,
pasaole on September LIST. 1921. to hold
s's OF record of Common Stock and Com
non non stock B at the close of business on
august 10Th. 1891. Checks will be mailed.
T. 7. ANDERSON Treas tlrer
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02

retail is not likely to be seen for some
time to come, in the opinion of several
shirt manufacturers. Shirts at this
price already have made their appear
ance, but they have heen special lots.
sold below regular quotations
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
lTlUeStI1ae1le
Information

Qucsficus Of general intercst to sn-
pesfors sciH br dnswsved IN this coli
Htsh. IN Which case only initials will
% used Others sSfu be dnssccred bg
mesi. Address all inquiries, ;aoios-
.,,q a stamped, addressed envelope, to
txnuMcsni Editor, The Tribune, is1
Ncssdu Street. Nesp York CITY,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Germany Paws Loan Here

Zimmerman & Forshay announcer
Yesterday that a loan of 10000 .00A
marks, made by the firm to the City Of
Frankfort on Main, Germany, in June,
1920. has been repaid It is under
stood that the loan YVES paid off from
gold sent here from, Germany.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Rand Mines Earnings

Rand Mines, Ltd, for the gear ended
December 81, reported profits after ex-
pared with sS46,5GS in the previous
year. Surplus amounted to s93,3aS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Satisfied Judgments
In New York fsanpfx

Jan ss. la2l. :.......,.. $4,000
!. nadish; Jurs II. 1921 sssoo
Kate. Jacob. Moses Koppel and
Isaac I-spton-F Levy; Feb ie.
e-f .,-......- ao5-tI
Eigtn Waist Eo.-Georgette SILK
Corps March .. 1921 ...-..... s.ees ~
9ains-Ssme; jury /. 1921 s5.o5
"a 1sl4 ..-....... 1852
stanislau, ieasc---s Wagner July
!; 1912 III I.o5o.s5
Webb, Constance E.~-Nanisy Fair
shop; Inc March 81 1919. siils
MuivihsH Matthew FIJI. Eugsu:
Nov. 7. 1919, vacated ........ ss.46
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Business Troubles

Bronx Bedding Co., Inc.-J Des-
Baiinsky. Abraham-H b. Gross ''''ei
Brown, Rose and Samuel Felix
campbelii Paul rs. Limpert. S Sgo.4S
Carroll. Brsdish J. jr-Bond &
ch Sseu"'q Henry flames r $1,000
Cohen. MAD NJ. Kelley ct al i is7.sf
Chase Chase Henry F.-E c Brewer 2s4 60
Cavuoti, John Az. n. Cayuoti 432.95
Calderazzo. Frank. and New Am
sterdam Casualty Co.-People,
Graft Fenton F.--Danish Pride ''O'0O
Milk Products Co, ...;.. 26.77s.o1
Dunn. william I.--stern Bros. 2ssoss
MeNey and New Amsterdam
Eastern Zinc Refining Co u
Birenbaum ct al. ....'..-...... 1870
Faden. Samuel--E. Lehman ssOi4
Fischman, Harry Burroughs
Adding Machine Co.......... 24o.6o
Gordon, Edward C.--Ginlbe Bros..
New York .............. 1923
mon Goldsmith tAcnle Candy
Co shapiro Candy Manufac-
turing Co., Inc. Observation-Disclosures. 2s4se
Gibson. Preston-G A Farnnam 1s4T ~
Halmowitz. John Gre Basin
Wagon Works. and Sadie Hahn
IIowowitz, W'illian.~s, sobel ct al 1855 1855
Heyl. George VII h Blum 1854
Hodgens, Thomas Nj. and fnez T.
Hodgens-C- Hayden 1t a@ assam
Jay Film Distributing Col H.
Tookcr Printing Co. . s29739
j. II. Rauman Model Farm Co..
Baltimore MaAeaDle Iron s.
steel 20. --.,..... ........-.. $3.50
kantor, Simon H., & Adoinh
Notwithstanding Lace Works
Corp. .........-... a.27oss
Lumb, Charles Ell j. DUR iSg.if
Levy, Mortimer f. Greeley
Square Hotel Co........... 1905
Lamendola. Andrew Jaburg
Bros Inc. ..-....... 4la.s5
tsser Ct Al -. 1859
Mecinton. Seth BE. Packard
Murray Nelson ST.. u. Glad
,, stone ...... 1880
It. s. Welding Co. Inc $50
Ponstylnick chax.. also known
as chaa. PausfylniekE Rige-
Porter, A. prum--nlchoias n
Trap & Son. Inc. ,.......... a67.45
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-02
Postpone Trade Excurs;ou

eo Pan FRANCISCO, Aug. THE cx-
~ OF San Francisco business men
s 10y their families on a three-months'
sa'acfcial tour of the Orient has
~. postponed from September 8 to