davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-09-12
Why Such a High Price7

Question-Your advice as to tho invest
ment possibilities OF tho Victor Page
Motors Corporation will be appreciated
Am especially interested in the element OF
security In the venture and tho chances OF
the stock being listed on the exchanges.
The above Is a Delaware corporation. au-
thorized capital stock OF 5000. 900, divided
into 100000 shares Of common stock OF
the par value of 81 share. Stock is
now being sold by the Beadon Service, Inc
of b22 Fifth Avenue, at $50 a share.
Production will be started within tho next
two or three weeks. at which tmo stock
will be advanced to So sharc-H J. H.
Answer-If you are interested at all
in the security of your money, we
advise you not to put it into promo
ton stock of an automobile company
which has not yet begun to make and
sell cars in highly competitive and
uncertain market You might inquire
what excuse there is for selling the
shares at 80 per cent premium over
par when established dividend paying
companies stocks are selling under
par?
New-York tribune., 1921-09-12
Poor Picking as Investments

Question: have 5000 Northern Ohio
Electric Gorporation preferred; for which
been received on this for some time past.
I never see this quoted and am at a loss
,l;I to know & what to DO I suppose Its present
it or endeavor to dispose OF 1T and. If So.
at what price? II it seems best to sell
please advise how to invest proceeds. I
have $500 Consolidated Light, Power &
Traction Co. 6 per cent bond, duo 1862.
This 1 % bought in 1917, paying, therefor
Please advise the current price. if should.
in your opinion, sell and, II so, what to
buy under the circumstances. Would 1t
we'll regarded? have a 800 share OF
Guaranty Trust Co. stock for which I paid
1929. understand it is now selling at
it we'll to buy share at this price and
30 make the two shares average moro
normal price? I have also $500 Cities
Service on which no dividend has been
paid for a few months past. From a
notice received the company seems to be
sell or to hold this? My recollection is
that l paid ~ per share. My ventures in
Investing" seem to have been rather un-
vice.-Miss M. V. D.
Answer-Northern Ohio Electric Cor
poration preferred stock was recently
quoted at II bid, II asked. In the
twelve months ended June 80, 1921,
there was little margin left for
dividends on the preferred. The com
panys net was less and it's interest
charges were more in 1921 than in
1920 We would be inclined to sell the
preferred stock for what you can get
for it. We find no record of your Con-
soidated Light Power and Traction 5
per cent bonds. We advise you to hold on
to your Guaranty Trust Company stock,
but we do not advise you to make a
further investment in it. We would
New-York tribune., 1921-09-12
Buyers Arrived
Fairchild Service

ALTOONA, PA.
Louis Bergman; Louis Bergman, 1obs
mems dress and work shirts; Hoffman &
Hartblay. III w. 8cd st.
ATLANTA
]. M. High Co.; Aaron Kahanow, wooden
vets; care Alfred Fantl. lis W. % sad ct. .S'
Mcclure Ten-Cent Store: A. Reams
cns1a. glassware; Imperial.
N. Bodenheimer Bros: ~. Boden-
heimer. millinery, silks. satins, velvets. rib
bons; Pennsylvania.
M. s. Levy !. hAan1MohE aans: g. Few. sovy fur.
nishings; Pennsylvania.
Lauer g. Co.; Martin Lauer. dry goods
upnoistsry. M s.h. drapery; Martiniaue.
goldberg g. Lavine; M Lavine. millin-
cry; Pennsylvania.
Eisenbergs; H. sternneld; dresses. coats
suits, sweaters; 81 w. 2sth st., care Ben
E. Lewis.
+.11a Amer,can lean Wholesale Corp; A. A. pie
BiRMiNGiAM, sfa iils ALA.
berg. GOATS. suits, notions, mems furnish
CEDAR RAPIDS. IOWA
emporium Cloak and Suit Co.: Miss b.
Philips. sweaters; Frank Frohman. 27s 5th
BOSTON
3; Goldberg. dry goods; Breslin.
Shapiro Bros: j.. Shapiro. wooden and
cotton piece goods; Bresin.
JORDAN Marsh Co.; Miss G. D. Hurtubise
ladies' suits (basement); Miss N. Kane
misses and children's cotton underwear
Miss M. A. Connolly. misses and children
corsets: Mrs. Anna Murphy. children's mil
linery (basement) Miss A. Nagle, art en-
broideries (basement); Hugh Owens, art
embroideries and yarns: S. ]. Style. men
furnishings, shirts, sweaters; 432 4th av.
Gtlchrist Co. Easement buyers); A.
Cohen, Jobs of fall coats, suits dresses
skirts; Miss I. Markus girls and juniors
wash and serge dresses. skirts, coats. mid
dies: G. T. Winchester, waists. sweaters
dresses, corsets petttcoats infants wear:
Miss r. L. Rice. hosiery, knit underwear,
gloves: j. Aronson, boys suits. overccats,
mackinaws. pants. blouses, pajamas, sweat
ers; Miss F. Rubin, millinery; Mr. Stevens
general mdse.; 200 5th az.
CHICAGO
Stone & Co.; I. Stiefei. luggage, trunks;
1854 B'way.
Lederer Bros & Co.: VIM. D. Lederer.
dress goods. woolens; Biltnore.
Marshall Field G. Co.: w. A. Lee, boys
clothing; w. +. Groener. laces: Miss NJ.
Brown. confectionery: B.. Schoeninger.
combs. brushes; Mrs. M. McFadden. cor
ems tailored skirts; Miss A. Carseth, In
fants' Quitting; Miss NJ Fiske. womens
costumes; r. G.. ARGUS. table metal ware;
Mrs. E. Doolittle. bric-a- -brac: Miss I.
Stephens, lamps. lamp shades; Miss e.
Forester. trimmed millinery: A. Steinberg,
wholesale gloves; 1907 Bway.
L. Klein, Inc; Emil Mayer, mems and
boys clothing; 1854 B'way.
Hillmans; H. NJ. Hillman, ladies' ready
to wear; Hart-Flanagan Co. 253 6th av
Nat Ribback & Co.: NJ. w. Fried. cotton
piece goods, fannels. domestics, silks,
satins, velvets; Pennsylvania.
r. w. x. Co.; 1. D. Waxman, notions,
jewelry; 33 Union SQUARE room T2
New-York tribune., 1921-09-12
Asserts Power Project
Is Behind Canal Plan
Outerbridge Believes Middle
West Advocacy of St. Law
renee Scheme False Rasis

The project for the canalization Of
the st. Lawrence River was initiated
and first sponsored by interests seek
ing to acquire the water power rights,
according to letter written yester-
day by E. H. Outerbridge, former presi-
dent of the Chamber Of Commerce Of
the State of New York, to Darwin P.
The ship canal features of the project
we're capitalized to attract advocates
to the plan in the Middle West, Mr..
Outerbridge said, and the summary of
the recent engineers report was both
involved and misleading.
Mr.. Outerbridge asserted that ap-
parently the question of navigation
of the lakes and lake harbors in con-
nection with the construction of the
canal had never been referred to the
engineers, as there was no mention of
it in the report The average depth of
the lake channels and harbors, he
pointed out, is not over twenty feet,
SO that the canal would be useless to
ocean steamers unless these channels
and harbors were deepened to at least
thirty feet. This would entail an ad-
dtional cost, Mr.. Outerbridge thought,
of between S500,000,00O and $1,0OO,000,-
600.
In his letter Mr.. Outerbridge said,
in part: "While the report of the en-
gineers speaks of the project as essen
TALLY one of navigation and the power
as q by-product, it makes no reference
to the fact, which probably was not
referred to these engineers, that the
average depth of the lake channels and
ports at present does not exceed twen-
ty feet and that ocean steamers of
deeper draft, after going up the canal,
could not get into any of the ports or
navigate until all of these terminals
had been deepened at further enormous
cost, which has not even been esti-
mated.
"My own opinion is that it is pri-
marily q power plan with probably
strong but undisclosed interests be-
hind it and that the ship canal features
Of it have been worked up and the
Middle Western states cleverly drawn
into the advocacy of it on that ground
to amoufage the real purpose in view"
New-York tribune., 1921-09-12
Leather

Tho only activity in leather was to
be found in the South American hide
markets, where European buyers played
a conspicuous part. Buying for Amer
lean account still fingered in the back
ground. Prices in the Argentine mar
ket were the highest for some months.
Trading in the local hide market re-
mained languid. Prices were steady.
Cutting operations in several shoe
centers slowed up last week. The un-
certainty of the probable style for the
fall and winter is still barrier to ex-
tensive ordering for the future. De-
Walton from conservative buying is not
expected to be experienced by shoe
statesmen who have begun to call on re-
tailers. Shoe manufacturers continued
to run their factories at about rs per
cent Of normal capacity.
New-York tribune., 1921-09-12

Sentiment among business men was
improved because Of the cotton situa-
tion, the continuance Of good crop
news from agricultural centcrs and a
rise in security prices. Actual improve
ment was observed in few lines. The
cotton goods market, while feeling in
first rate condition, was prevented to a
large extent from cashing in on the
situation by the unsettled cotton price
condition. Most traders were forced to
bide their time. The silk market also
showed mild Improvement. Other
lines showed little change from the
condition Of the last few weeks.
Thus the improvement is more a
matter Of feeling than of increased
sales. But the feeling is based on what
many persons believe to be real changes
in the basic situation.
The optimists point to the increase
in pig iron production and the i'm
proved condition in the building trades
as factors which, taken together with
the cotton and agricultural situations,
mean an actual betterment Of trade.
The retail trade is still waiting for
the weather. The passing of Labor Day
has not been sufficient yet to induce q
great increase in consumer buying, al-
though the stores report that the
crowds that are looking over their
goods have grown in size. Retail buy
ers continue the handto-mouth policy
of which wholesalers have so long COM
planned. In the women's garment lines
wholesalers especially are expecting a
change any moment, but it hasn't come
yet.
In the South the retail trade is much
encouraged. The rise In cotton is too
recent to be felt in actual increased
retail sales, but the trade is counting
on it, and Is said to be planning in
creased buying for jump in consumer
demand which, it is figured, should
reach its height in October or early
November.
The business credit situation seems
still to be somewhat strained Credit
agencies continue to advise their
clients not to insist upon immediate
payment Of merchandise debts, saying
that many firms which would be forced
into bankruptcy by urgent attempts at
collections will otherwise be able to
weather the storm and make good.
New-York tribune., 1921-09-12
COttOns

Fluctuations in the raw cotton market
made operations in cotton goods diff
cult. Most of the mills, feeling that
prices have not yet been stabilized,
refused quotations, and most of the
trading in gray goods was done at sec
ond hand. Sentiment on the market
for the most part was optimistic, al
though some elements expressed fear
that the speculative interests would go
too far and boost prices above the
level at which sound business can be
transacted at this time.
Prices which prevailed at such
trades as were consummated were firm
all week with an upward tendency. The
demand was strong.
Finished goods also are waiting for
stability Of price. Strong inquiries by
converters and printers, however, in
dicated that the trade still fears a
shortage and anticipates good demand.
New-York tribune., 1921-09-12
Furs
.Iewelry

Although jewelry retailers still order
conservatively, wholesalers are con-
fident that with the small but constant
public demand gradually consuming the
large retail stocks, retailers must soon
purchase more literally.
A SLIGHTLY better demand for clocks
was reported by manufacturers. An.
other company has fallen into line and
has reduced prices on all its clocks.
Conservatism still is the keynote in
buying. Foreign business remains
neglected.
New-York tribune., 1921-09-12
WOOIens

Startling developments were lacking
in the woolen fabrics markets. Wool
ems alone of the textile group failed to
show signs of regeneration. Small pro-
duction in the coat and suit trades and
the mems clothing industry initiated
against great activity in the cloths
which they use for most Of their fall
merchandise.
Cutters-up still appear reluctant to
make plans for next spring until they
see the promised Improvement in the
fall season. Mill agents report lull
in buying, but they feel that things
must pick up shortly.
New-York tribune., 1921-09-12
-Four full columns of in-
Uestment questions and an.
s,Uers are published in The
Tribune euery Sunday
Oil Concessions i'm East Indies

According to advices received from
the Dutch East Indies, additional con-
cessions to develop oil territory have
been granted to the Batavia Oil Com
pany (Royal Dutch). The fields to be
developed had been explored by the
Royal Dutch before 1913 and these con-
cessions therefore are not to be con-
sidered deviation from the present
mining laws of the Dutch Indies. SINH
lar concessions were recently granted
to the Colonial Petroleum Company, O
subsidiary Of the Standard Oil.
New-York tribune., 1921-09-12

Questions Of general interest to In
vestors toilI be answercd In this coll
tnsm, sss sohich case only initials pill
De used. Others soill be ansspered By
mail Address all inquiries, inclos-
ing stamped, addressed envelope, to
fttndnciul Editor, The -'ribmno, 49,
NossdM Street. NctU York Citu.
New-York tribune., 1921-09-12
Silks

Business in silks continued on the
up grade. Prices, as general rule,
were slightly stronger. Some of the
hosiery and broad silk manufacturers
have begun to order more freely to
cover nearby requirements. The vol
ume of business, however, has not
reached large proportions. An active
demand for the desirable grades of
white and yellow Japan silk prevailed.
New-York tribune., 1921-09-12
n. 9. Metal Cap and Seal Agents

Question-Plcase inform me IL in your
opinion United States Metal Cap and Seal
Company is a straight business concern and
If the stock at $3.50 a share Is a good
speculation, also any information you can
give me regarding r. r. Tuttle s. Co.. 436
9Th Ave. who arc brokers and are mar
keting this stock.-A. J. II.
Answer-We do not think much Of
United States Metal Cap and Seal
stock as business mans investment
or any body else's at $3.50 share
which sells in the unlisted market as
it did recently at about one-third that
price
New-York tribune., 1921-09-12
Investment Information

hold the Cities Service stock. Your
adventure in investing adds just one
moro to the innumerable proofs thai
the class Of securities that you men.
tion arc not the class suitable for III
individual not closely in touch with
Industrial, public utility and railroad
conditions. We suggest that you adt
enough to the proceeds of the sale oil
your securities to buy q $500 bond OF
the Colorado & Southern refunding anc
extension as, due 1885, which would cost
you about $3.50, and would yield you
If held to maturity, 1888 per cent al
that price. Interest and principal are
safe, in our opinion.
A List for $4,000
have $4,000 to invcst. As my health IL
poor. I would liko as good n yield as pos
ssble, combined With safety. II possible
Of tho following: 81. 600 John Deere 4 Co
7M per cent. $4,000 Puget Sound Power
sna per n asn aS S'P Pon de van nam
per cent. $1,000 Swift 81 Co., 1891, per
cent. How about Beaver Board ct 8 per
ccnt7 II you don't think the above bonds
X tell mo In your opinion as to the best
way for mo to invest the $4,000 and you
will greatly obligc.--G. ID. n.
Answer-We think that the Puget
Sound Power and Light 71s. Van Camp
So and du Pont de Nemours are good
investments, and the best of those that
you name. We do not recommend the
Beaver Boards 8s. We would suggest
combining with the three that you
have named two foreign government
bonds: Kingdom of Belgium 8s, due
1911, recently selling at 100ss, and
Kingdom of Norway IS, due 1910. re-
Gently selling at 103A. If, however,
you have prejudice against foreign
government bonds, we would sug-
gest Otis Steel first sinking fund Of
fered at 90, yielding $40 per cent at
that price, and two Western Union 61a
per cent bonds, due 1886, recently Of
fered at 90, and now selling slightly
above that price. These would give
your investment a higher degree of
security, although a somewhat lower
yield than the others. We think that
$4,000 each in the three that you have
named and in the two that we have
suggested would give we'll diversified
and good investment, if you do not de-
eide to take the two foreign govern
ment bonds.
New-York tribune., 1921-09-12
Trading in thrown silk remained Ian.

Trading in thrown silk remained lam
guild.
The review Of the American silk in
dustry for the last six months, under
taken by the Silk Association Of Amer
ica, showed that the trade is imbued
with the feeling that readjustment in
the industry is gradually nearing COM
pletion. Some firms reported that bus
mess will total up to pre-war years,
and all reported an increase in yard
age over 1920.
Furs
Little change was seen in the fur
market. Although fair business, slight
ly less in volume than last year, was
reported by retailers who conducted
fur sales in August, no reaction has
been seen in the Wholesale fur garment
trade, where business is still quiet. Re-
tailers are buying some furs for win
ter selling, but orders are small. Steady
prices prevailed.
The approaching auction will show
to great extent the probable price
trend for the season, factors in the
trade believe The opinion is expressed
that prices will hold steady, with ad-
vances likely in the more desirable
skins,
New-York tribune., 1921-09-12
The Week i'm Business
Cotton Continues to Set Pace i'm Business World
Two-Cent Advance Encourages
Trade Sentiment

the for the commercial
Violent fluctuations, which finally resulted
pound for the the market for
business all lines
New-York tribune., 1921-09-12

Tho bonds bearing the above numbers
will be paid at par and accrued interest
upon presentation at the Office OF the un-
dersigned on September e. 1921. on which
date interest said bonds will cease.
THE NEW YORK TRUST COMPANY.
TRUSTEE.
B. G. Curtis. Secretary.
rs Broad Street
New York City.
New-York tribune., 1921-09-12
The Weeks Curb Market

Sales Open High. Low. Last
1000 sSimon Sill Id G5 G5 65 SIS
ssoo sSe sstana Sc An1 F, ? !. f.s g ~ ~ - *
24o0 Tintic snd ? q.
aaoo soo Tonopaah ls'.. ~ liz ~ ~
21700 'Tono Divide. 20 75 50 u
23oo Tonopah Ext. Tx IS is ik
100 "Tono Jim B.. S.
5000 Tonopah Min. IA Tx X IN
900 sTon Resc Eu 20 % 20 20
$500 "Tuolumne .. 45 80 As 90
$500 az S Cont 81 IS so S.,
200 Unity Gold. "a ~ ~ ~
125o0 Un Eastern. 2lSs 2,s ~ IN
ITO Tn Verde Ext 231a "a 2Sis "a
$500 sWest Utah. 90 y 90 y
1850 sWest End G. SO 95 30 ss
loco *White Caps
1000 *Wilbert
500 'Yukon Gold s5 SO IS %
%Seils cents a share.
New-York tribune., 1921-09-12
DIVIDEND NOTICES
William Farrell & Son, Inc.
New York, August "a, 1921.


DIVIDEND NO. 8.
At meeting OF the Board of Directors
OF William Farrell g. Son, Inc. held August
"a. 1924. regular quarterly dividend Of
$1.75 per share was declared on the pre-
ferred stock of the company, payable
October l, 1891. to shareholders of record
at the close of business September 90 1921
JAMES T. WOODWARD, Treasurer
WILLIAM A. FARRELL, Secretary
PHILIP MORRIS CO., LTD, INCOR-
PORATED.
September 9th, 1921
The Board of Directors of PHILIP
MORRIS & CO, LTD, INCORPORATED
have declared a dividend of two per cent
t2es) on each share (par value sl0) on the
outstanding capital stock OF tho Corpora
tfon, payable on October !, 1921, to the
stockholders of record at the close of
business on. September 10. 1921. Checks
Will be mailed.
JOHN v. HELBERG, Secretary.
AMERICAN CAN CO,
A quarterly dividend of ono ana
tnree-Quarters per cent. has been de-
ciared on the preferred stock OF this com
pany. payable October !, 1921, to stock
nolders OF record at the close OF business
september i5. 1921. Transfer books win
remain open. Checks mailed.
r. II. ISMON,
secretary and treasurer
New-York tribune., 1921-09-12
FINANCIAL

SAINT MAURICE LUMBER COMPANY
Notice Is hereby given that pursuant to
provisions of Trust Deed. dated September
q. 1907 the following bonds have been
drawn by lot for account of the Sinking
New-York tribune., 1921-09-12
AMERICAN EXCHANGE
SECURITIES CORPORATION
Class A Shares

Class "A CnaICS
New York. September 9. 1921
The seventh quarterly dividend of 2Ts has
been declared upon the Glass A shares of
American Exchange Securities Corporation
payable on October /. 1921. to holders of
tho Glass A shares of record at the close OF
business September II. 1921
r. A. NYE, Secretary.
New-York tribune., 1921-09-12

Bond. called for payment on October !.
Marble Hill press. (Marbel [sic] Hill, Mo.) 1881-1923, 1921-08-25
JUDICIAL. BILL. INVALID

Friday morning an error was
discovered in the judicial redis-
tricting bill. passed by the extra
session. which appears to invali-
date the entire measure.
The house passed the bill. pro-
viding for thirty.three circuits,
and expressly provided therefor
in section one of the bill.
The senate amended the bill. so
as to provide for thirty-four cir.
cults, but failed to amend section
one. so that when the bill was
finally passed. after the house had
concurrcd in the senate amend
men,s. section one still provided
for only thirty-thrcc circuits,
while the body Of the bill pro-
vides for thirty-four. The contra
dictory provision was contained in
the enrolled bill, which was still
in the hands Of the governor at
the time The Journal went TO
press. Missouri State journal.
-~--~-s-~a---~.---------
Subscribe for The prcss
Marble Hill press. (Marbel [sic] Hill, Mo.) 1881-1923, 1921-08-25
I>pl,TS own PARTN
voi. a.

~ attack msir upon me
tuh.fean aimtntstfttipn g. #tfr
kas caused more Comment than
ths' made b, Representative kci.
irf iRrp Ninnrsothl. one 20 the
rral, important w~0 - the great
uor'hNrs' ~ democrat has
I~,rr a. severe IN hl, criticism u'
the Administration - Nr Keller
l..raase the Democrat hsvr h-vn
charitable toward the s'ruEg'ns
administration and aHcr rrly de-
sirou, ~ aiding it - solve he
prob'cms that confronted %. larsv
il a. result # the ohstruc'iy"
tactic, - the republicans ~ The
last 'tu wears ~ the democratic
administration. SAYS the kcnnr''
Meas
some II the indictments
brought against the republican
PARTY hs ths able republican. rvr-
rrsrn,tng great agricultural
constituency are:
Our ability 10 compete with
other nations for world markets
and consequently our prosper
" primarily depends on reason
able transportation. cheap power.
low interest. easy rents. low taxa
tion cH,cien, laior and systemRt-
ic distribution. We have adopted
a policy which has brought about
the exact reverse Of these ideal
conditions. The government has
attempted Ia lcgislatc upon cv-
eryonc Of these vital problems
within the last SIX months. bur ln.
stead ~ honestly searching for
the best way out of our industrial
difficulties, and welcoming the
disinterrsted advice Of economists
scientists. engineers. real hnan-
cierS and experts in various lines.
the machinery Of the government
has been commandcercd by a
small clique. ignorant Of the A,
II C'S of economics, whose blind
obedience to Wall street is re-
spons,blc for the stupid. selfish
and short.sightcd policy that IS
rrtardkng our prosperity and ere
s,ing a profound distrust and dis
content among the people.
"rhe president has assumed
more power than any Of his pred
eccssors and tells congress what
bills to pass and what not to pass
Bills concocted at secret confer
cnceS are introduced without be-
ing referred 20 responsible COM
mittces
The ways and means commit
tee has demonstrated its utter un-
fitness to deal intelligentiy with
the great financial measures on
which to a great degree the pros