davidaulloa/AmericanStories huggingface dataset:
, 1921-10-25

plant the work on which is nov made
possible by the low water IN the
Platte river. extension Of sewers and
other necessities.
Following a favorable report issued
by the sewer and water committee.
OF which Walter w. Keefe is chair.
man. the city council passed an or
dinance extending the sewers in
southeast Casper 10 conform to the
request OF the school board. This
owe which will be extended along
Fourteenth -treet from Durbin to
Bonnie Brae and along Fifteenth
from Durbin 4 Oak Crest will pro
vide sewerage connection for the new
school house on Fifteenth street and
will also permit connections TO many
properties along the line.
Authorization for calling for bids
for n now drainage district. the lines
OF which will prove beneficial to
Chestnut. Cedar and other streets In
West Casper was made. The nev
drainage district will run from the
foothills down Cedar street. across the
tracks and will empty into the Platte
river. This Drainage authorization
should assist materially in improving
traffic conditions in the western part
Of town.
The entire city council will meet al
the municipal water plant at IL
o'clock Thursday morning for tho pur
pose Of inspecting the Improvements
that will be required there. II is sale
that the river. due TO high spring wa
ter. a cut into the dykes around the
water plant until It Is now within &C
feet Of the gallery. Plans will be
worked out to reinforce the bank in
order to keep the river from endanger.
ing the water system by undermin'
ing the plant already In operation.
, 1921-10-25

600 cubic feet a day. in h first sand
at a depth OF LAS feet.
Confident OF the possibilities of the
lower formations. w. d. weathcrs.
president of the nce authorized
the deeper test when this first sand
well did lot come up to expectations.
The well was then extended until the
second Sundance formation had been
penetrated TO n depth OF six feet. so
strong was the yield that temporary
difficulty in retaining the gas was ex.
perienced- After the production pres
sure had been COPIED with. government
tests established the potential produc.
ton ut o.ooo. 900 cubic feet a day.
Now. with two producing horizons
proven and with a third formation.
already proven from tests made at the
extreme edge OF the field which re.
suited in opening a commercial pro,
ducing oil we'll. the life OF the field as
a a and oil producer is virtually
insured for the present generation at
least.
In bringing in n commercial PRO.
Queer on section three a total Of over
1.4oo acres was added 10 the known
proven area of the field. widespread
Interest will be shown in the result
OF the test OF the third ar a In the
, 1921-10-25

with eight producing wells in the
field deriving their yield from the first
sand. known geoiogicaiiy as the first
sundsnce formation. well No. II was
drilled to the second sand for the pur-
pose OF testing the possibilities. That
the experience was warranted In shown
by the fact that this producer with a
certified production OF 20. 200. 900 cubic
feet Is the second largest gas well in
the district and has the distinction of
opening up an entirely new producing
horizon
Finding s-as production IN the Sec
ond formation more than doubles the
known life OF the district and Ia geol-
logically important for It indicates
that better than an even chance e
lists that the lower formations Of the
field will be found TO be producers In
large commercial quantities OF either
gas or oil.
Well No. II is located on the north.
west quarter of section 1853. on the
EXTREME northwest quarter OF a gov
eminent lease held by the Fargo on
company. The completion OF the sec.
ond sand we'll at n depth OF $500 feet.
followed the opening OF a relatively
smail gassor. with production Of AGO.
, 1921-10-25

graph. died Of heart disease while q
work at his desk today. He was sc
ySv OF age
Masterson a an adventurous ca
reer- Born In Fairfield. ILL.,. he went
with his parents TO Wichita. Kans..
when he was IA. and two years later
became q fuIi-nedEcd buffalo hunter.
He fought with Captain Baidwin's
Scouts nsainst the Indians kn h Bat
tie OF Red River and was severely
wounded After n Indian warfare
he returned to buffalo hunting. When
barely Fl years Of 9 he was elected
, 1921-10-25

shut in because OF the differentiai be
tween demand and supply.
Following the policy " the com
pany. development work In both the
Casper Creek and Poison Spider fields
has gene along quietly until Fargo has
developed a a capacity far in excess
Of the present needs Of Casper and
the company Is continuing Its policy
Of providing for future require
ments by storing proven supplies un.
tn the demand is here for the natural
fuel
, 1921-10-25

sheriff at Dodge city. Kans-. and was
a terror TO bad men,
Later he moved to Trinidad. Colo.
where he became q marshal Subss-
auentiy he went to Tombstone. Ariz.
and thence TO Denver a Chicago.
He came TO New York . number of
years ago and became widely known
as a writer Of sporting articles
, 1921-10-25
NOTICE,

Some one has stolen two signature
rubber stamps and pads from my Of.
flee in the Midwest building. Be-
ware of any and all printed matter
bearing my stamped signatures.
J.. J.JGIBLIN.
10-22-1ot
, 1921-10-25
IMPROVEMENTS
AUTHORIZED BY
CITY COUNCIL
Extension of Drainage Systems, Side
waK COMPETITIONS, Water and Sewer
Improvements Are Contemplated

Preparatory to the advent of winter, authorization for
municipal improvements that work to the benefit of the prop
erty owners in many parts of Casper was made by the city
council last night. The improvements include the immediate
pletion sidewalk program, fertilization of Caspers water
, 1921-10-25
Bat MastersOn,
Sport Editor Of
Telegraph, Dead

NEW YORK. Oct ,s.-w. j. Bao
Mastcrson. former sheriff in the
southwest. and in recent years n
sporting editor OF the Morning Tele-
, 1921-10-25

what's more pleasing these even
lngs than a good eating apple Call
sos and have a box OF Delicious apples
sent out. SAYS box.
, 1921-10-25
GIANT GASSER OPENED BY FARGO
IN SOUTH CASPER CREEK FIELD
Most Important Strike Made Since Discovery Well in
Gas Fields West Of Here Uncovered by
Fargo Company in Lower Horizon

One of the most important gas strikes ever made in the
state and one which reacts to the benefit of the South Cas-
per creek gas and oil field in the same relative Importance
as the opening of the second producing sand meant to Salt
Creek, was made by the Fargo oil company when its well No.
II, was completed a 20, 900. 600 cubic foot gasser Yesterday.
, 1921-10-25
NEW oHEYENNE WAREHOUSE

CHEYENNE. wyo.. Oct. a5.-The
NJ. A. Derbrow Sash and Door com.
pany OF Omaha today broke ground
for a $4,000 warehouse and woodwork
plant in West Cheyenne.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19

Claims against the government, he said
that there has been some discussion of
this subject.
The War Finance Corporation,' said
Mr. Meyer, made advances to the rail
roads daring the administration of Di-
rector General McAdoo- and later under
the administration of Director General
lines. The total amount advanced was
$2o5,000,000, all of which, with tire
exception of about $a5,OO0,0 900, has been
repaid, Some of the loans Of the cor
poration were made to the railroads
Tor the purpose OF enabling them to
repay the advances made to them by
Director General McAdoo, thereby put
ting. the Railroad Administration in
funds"
Wall Street heard yesterday that as
an alternative to the plan for having
the War Finance Corporation render
atd to the carriers q securities corpora
ton be formed for the purpose of issu-
ing debentures, which may be sold.
rms would put the government in cash
to settle claims of the railroads with
out the necessity of an additional ap-
preparation from Congress. According
to the reported plan, the government
would turn over to the new corpora
ton the railroad and other securities
now held against advances to the rail
roads by the Railroad Administration
and by the Treasury Department., and
would also turn over the funded obliga-
tions representing capital expenditures
during Federal control.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19
$4,000, 600 Philadelphia
Bonds Are Sold Here

A banking syndicate consisting Of
the National City Company, Harris
Forbes & Co.. the Bankers Trust Com
pany. Montgomery & Co., and Graham.
Parsons & Co., the successful bidders
Tor $5,000,000 issue of "a per cont
bonds of the city of Philadelphia, an
nounced yesterday that the Offering
price to investors would be 1861. on
a basis to yield $40 per cent. The
syndicate paid 104.139 for the bonds.
which run fifty years. The bonds are
the first that the city issued with a
coupon rate higher than per cent.
1t was said that the demand for the
bonds on the part of investors was
heavy, and that 100000 had ALREADY
been sold in THIS city. The bankers
here have asked for another block of
100000. -
Other bidders included:
Central National Bank, s25o.o0o at
par; First Penny Savings Bank, S20O, 900
at par; Commonwealth Title and Trust,
100000 at par; Charles Fearon & Co..
100000 at 1912; Drexel & Co, Brown
Bros. & Co. and Guaranty Trust Com
pany of New York. Jointly, $4,000, 900,
all or none, at 102.07S9 and accrued
interest; Biddle G. Henry, Commercial
Trust Company, El1ins Morris & Co.,
Franklin Securities Company and Ed
ward B. Smith & Co., jointly, S5,000,OOO,
all or none, at 10204T
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19
War Corporation
To Finance Sale
OF Cotton Supply
Arrangements Complete for
Shipping 100000 Bales;
Nearly 600, 900 More Are
Considered, Says Never

Inc War Finance Corporation has
arranged to finance the exnortat;or 80
1zo'ooo bales Of cotton, and business
under consideration involves the financ-
ing of $4,000 to $4,000 bales in ons
transaction, 100000 bales in anotber
and 100000 bales In still another. ac-
o,ording to Eugene Meyer jr., managing
Mr.. Meyer made public these f,rures
yesterday in connection with state
mehS that replies to a QUESTIONABLE
sent TO representative bankers in vari-
Gus parts of the South indicated that
IL would be desirable for financing in
addition to that which is available
through ordinary banking channels in
the cotton states. The inquiry was CON
Quoted by special committee appointed
by President Harding, CONSISTING re
Secretaries Mellon and Hoover and Mr..
Meyer, who said that number of spot
dealers and exporters Of cotton concur
in this conclusion.
All these loans" Mr.. Meyer added.
mature within the coming cotton wear
and are designed to aid in financinr
the orderly marketing of the crop with
out encouraging holding for speculative
purposes. In addition, the Federal Re-
serve Board is giving active consider
alton to cotton financing and will hold
q conference (to-day) to consider its
policy under present conditions.
IF it becomes clear that adequate
financing will be Forthcoming through
the War Finance Corporation.
through Federal Reserve banks in the
cotton districts and, in case of need.
by providing fund from banking dis
tricts outside of the South, it should
in my opinion, result in such increased
confidence as to stimulate more normal
takings by retail and Wholesale mer-
chants, as we'll as by mills. Inquiry
which I have personally made indicates
that retailers and wholesalers are oper-
ating on the basis of the lowest pos
sible stocks. This has resulted, to a
great extent, in forcing stocks Of raw
materials, which normally are carried
by mills, wholesalers, jobbers and re-
tailers, back upon the original pro-
ducers and the country banks that do
their financing"
the War finance Corporation alton, i If 'a an1
thcrized to do so, may come to the aid
of tho railroads by advancing funds on
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19
Learns His Lesson and Reforms

question: am interested reader OF
your valuable column; in fact, it is one of
,hs features enjoy most in Tho Tribune.
/, llke q great many others, have had my
start IN the Investment field by picking the
Wrong securities. | sure this sort OF
story Is very familiar to you, will not
cry over spilled milk. Suffice 1t TO say
.iiat nave learned my lesson and finally
nave come to the conclusion that your ad
vice Is best. namely, that one should only
should be very grateful TO you II you
would give mo a list of high grade bonds.
railroad and others, that are selling at IT,
Bag discount because OF low coupon rate.
SAFETY and appreciation of principal IS my
hrst aim, with yield q secondary con-
sideration. Also, Mt what denominations
they may be purchased. My idea is to In
vest my savings every time they amount
to $500 or $500 in one of the bonds have
described and then put them away In
this way my interest will be compounded
more rapidly than IL | bought bond for
~ .ooo Am l not right? Also please tell
me IL International Paper preferred is
sound.--J. J. Is.
Answer-The following bonds come
in $500 and $500 denominations and
meet your requirements: Norfolk G.
Western Consolidated As, Southern Pa
cifc-San Francisco Terminal As; Colo
RADIO & Southern AIS, and the follow
ing come in $500 denominations and
are good investm ents for your purpose:
Northern Pacific General IS, Central
Pacific First As; Union Pacific Con-
vertible As. Paper preferred is specu-
lative, in our opinion.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19
increase i'm Farm Loan
Limit Fought at Hearing
banks Unable TO Meet Demands
because of Lack of Funds,
Declares Commission

!. OBSTRUCTION. July 1s.-opposi-
40 70 permitting farm loan banks to
sssa'ce a maximum of $4,000 to far
ID. Was expressed to-day before the
"s'e Banking Committee by Charles
A0paeii' Farm Loan Commissioner.
s OF the regional banks, he said.
ao'e TO meet requests for loans of
,sas snan $4,000, the present maxi
ss .'l, because Of shortage of funds.
=. aasaoach the Farm Loan Board has
a so,sa recommended the increase pro-
ssd IN a bill by Senator Kenyon,
pupnean, of Iowa, Mr.. Lobdeli said
III T1 s.ia regret exceedingly" to see
1nls enlarged at this time.
= =. Corey. Of Omaha, Neb.. rep
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19
Lost by Sending Dollars to Ireland

Question: arrived in the United States
about ten years ago and from time to time
l have been sending money to Ireland for
deposit, which draws interest at a very
more to return and remain in Ireland. I
have changed my mind and will only visit
my parents and return to the United
states. What / would like to know is
this: Would 1t be advisable to have the
money (Which amounts to about $500 re-
when the exchange rate would improve, or
would you advise drawing the amount, and
If so what kind of security would you ad-
wise for investment? Would United King
dom Of Great Britain and Ireland bonds
purchased in Ireland be to good advan-
tage, or would you advise investing in
these bonds Mrs r. Il. w.
Answer-United Kingdom 51s per
cent bonds, due 1929 (there is mora
than one issue of United Kingdoms,
and while they are all secure, they
have different maturity dates) are, in
our opinion, a good investment. We
do not know what the facilities for
buying these bonds in Ireland are, but
you could have your funds transferred
to one of the New York trust COM
panies or banks anay have them buy the
bonds for you. Interest and principal
on these bonds are payable in United
States gold, but they are convertible
at any time into British war loan 5s
on the basis of $3.50 to the pound
sterling, so if sterling goes above that
before 1929 you viii have a partial
hedge on your present sale of sterling.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19
Raiify Capital Stock Increase

At special meeting Of the khold-
ers of the United States Mortgage and
Trust Company the increase in the
capital stock of the company from ST.
O0o. 900 to Sa,00o.ooo was ratified. Ger
tificates of stock and scrip for frac-
tional shares representing the 80 per
cent stock dividend declared by the
board of directors ON June will he
mailed on August / to stockholders of
record Of July 23.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19
$5,O0O,0OO
City Of hila delphia

Fifty-Year $40 Bonds
Dated July TO- 1921 Due July 10, 1871
Without of
Principal and January andu
Office the fiscal of the in the de
of $1,000 serable to principal
principal and ntere in the oninaton
of 500 and nnuIip. Coupon and
registered bonds interchangeable.
Exempt from Pennsylvania State and free from all
Federal Income
legal investment for Savings Banks
York Pennsylvania, New Jersey all New ENGLAND
States Eligible security for Postal Savings DEPOSITS
Price 1852 and interest, yielding about 52Oqa
Harris, Forbes { Co. The National City Company
Bankers Trust Company Montgomery & Co., Inc
Kissel Kinnicutt & Co. Graham, Parsons & Co.
Estabrook & Co.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19

The Tribune prints each day the mo-
tss'ity dates Of all active bonds quoted
on the Ns,0 York Stock Exchange. The
return on bond to the investor depends
upon three factors: the rate Of interest
the security bears. the market price
and the distance Of the maturity date
To figure the precise yield on bond it
is necessary TO use yield tables, but the
approximate yield can roughly be figured
oAt By the following formala: Divide
the closing quotation on bond into
the rate Of interest it pegs, and the re-
salt teiu be the annual return. II the
bond is selling below par you must
a!loag also for the appreciation Of the
principal. To do this subtract the mar
ket quotation from par. or 100, and d.
uide the remember by the number Of
gears the bond has 10 run before ma
tts-ity. Fer example, if a 8 per cent
bond IS selling at 80 and has ten years
to run, the annual return aeiu BE- $50
per cent. The difference between pcY
and the market price soili be 10 points.
Subtractlag so from 100. Dividisg ten
points By ten gears, the quotient soin be
1. This figure is to be added to 6.6s.
achioh is the annual return, and the re.
suit, 7.66 per cent, will give you the
approximate yield.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19

resenting the American Farm Bureau
Federation, said farmers in the
Middle West, with quarter and half
sections of land, are unable to obtain
loans from local banks and have no
credit with merchants.
Carl Vrooman, former Assistant
Secretary of Agriculture, asserted the
greatest need of farmers is mar
ket for products.
Legislation cannot supply mar
ket," Senator Frelinghuysen, Republi-
can Of New Jersey, commented.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19
Investment
Information

Questions of general interest TO IN
cesfors tpitE bn dns,oered in this COLI
n'Hm. IN tehick case Only initials will
oe used. 0thess soiIi be ans,oered By
mail. Address all inquiries, taclos-
,ng a stamped, addressed enUelope, to
financial Editor, The 7'ribane, 49,
Nassau Street, Metz York City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19
Woman Has Problem in P. R. r.

Question: hold thirty shares OF Penn
sylvania Railroad common stock at an
average cost of 81. At the Time this stock
was purchased Pennsylvania had 6 per
cent dividend record and by many was
reputed to be excellent stock for
woman investor. The dividend is
q per cent basis. and l am undecided
to the advisability of continuing to hold
this stock or sell 1t and purchase some
high grade bonds l would probably fol-
low the latter course If | could get some
high grade first mortgage per cent bonds
maturing between 1880 and 1910 and SELL
ing to-day somewhere near the figure at
which Pennsylvania Railroad is quoted
On the other hand. If in your opinion tn .
present dividend on Pennsylvania is safe.
would be inclined to hold my stock. VIII
you kindly advise me regarding a list OF
bonds which likely to meet the above
requirements in case I should decide to
Answer-This question of the sale of
Pennsylvania stock is one on which
there may be strong differences OF opin-
ion among the people who have made
the most careful and searching study OF
the subject. Our own opinion is that
for woman investor it would be bet
ter to shift into per cent bond,
selling at about what the Pennsylvania
stock is selling for. For instance,
Southern Pacific Central Pacific col
lateral As, 1889, at about So, or New
York Dock first As, 1861, at about 70.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19
Answer-The broker bought the

Answer-The broker bought the
stock for you at the 1920 price and
now you expect him, you say, to de-
liver it to you at lower price, a con-
tention which is preposterous. If the
stock had gone up you would not have
offered to pay the increased price,
would you? According to your own
statement, the broker delivered the
stock to your bank and you owned it
from that moment. If you do not pay
the 1920 price for it then the bank will
sell it at the market and take out the
$1,100 you owe and interest and give
you what is left.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19
Has Dividend Table Mixed Up

Question-Being until lately resident
Of New York City. I have been and still
am reader of your paper. which I find
! cannot dispense with In recent edi-
ton notice was given of an extra dividend
declared on American Steel Foundries com
mon. OF which I own few shares Also
In the edition published July notice of
another extra dividend is given. VIII you
please be good enough to let me know
what each of these extra dividends amounts
to T-~H. G. r.. Norfolk. Va.
Answer-American Steel Foundries
common stock has not paid an extra
dividend this year. You must be con-
fusing the ex dividend table with diyi-
dend declarations. The term ex divi-
dend means without dividend, not ex-
ira dividend.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19
Days Dealings In Bonds


The apathy which partially para
lyzed the other financial markets. fur
Their restricted the volume of trading
in bonds yesterday, and, although
prices, which rallied during the early
part Of the month as a result of the
reinvestment demand, held up steadily.
Cuba Cane Sugar debentures, which
closed rs points above Saturdays
final quotation, were in especial de-
mand
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-19
Buyer Must Stand the Loss

Question: wish TO give you few de-
tails or stock transaction and have you
kindly advise me in connection with same.
In January, 1920. l bought twenty five
shares of stock and paid cash $500 and
gave note for $1,100, with stock as col
lateral / bought from a stock brokerage
company, some of whose officers were also
officers OF the National Bank, where my
tions are in North Carolina. Every three
or six months the bank has advised me
that my note account had been credited
with various amounts that correspondent
with the dividend declarations my
stock. However, the last dividend was
paid In script, and when l wrote the trans
fer agents for my certificate, was told that
there was no stock in my name l have
learned that when l made cash payment
of $500 In January. 1921. one of tho officers
OF the brokerage company endorsed his
name to some stock that he held and sent
1t over to the bank as collateral On my
note This stock certificate l have the
serial number of, but whether it Is for
twenty five shares or more l do not know,
or whether 1T just protected my note or
several have now called the hank
to have this stock transferred 10 my name.
also claim that this stock Should have
been issued In my name at first and that
the dividend checks should have been sent
to me direct: l also contend and this is
important that the stock will neees-
sariiy have to be transferred to my name
now, that 1 should not have to pay more
than the present market. price, which Is
quite a good deal less than in January.
1920. AS l see 1t, the brokerage company
ala not execute my order, and now that I
have called upon them to deliver tho stock
to days market. Please advise mo about
this, and If / am right about this advise
me what legal recourse I have to make
the broker refund me the difference be-
obtained when ! made the first cash pay
.nenl. j. s. IL.