davidaulloa/AmericanStories huggingface dataset:
Evening star., 1921-12-30

Flowers for Social Functions. Black
istone. 14th and H-Advertissment.
Evening star., 1921-12-30
ONE NURSE WHOLE CLASS.
Miss Adelia Kendrick Finishes
Course at Children's Hospital.

Miss Adelia Kendricls has the distinc-
tion of composing the entire Decem-
Der graduating class of the nurses
training course at the Children's Hos
pital. 18th and w streets northwest.
Completing special one-year
course. she was presented with her
diploma Wednesday afternoon by Ad-
m:ral willard Brownson. president of
the board of officers of the hospital.
Having previously served for two
years as a member of the Army Nurse
Corps. Miss Eendrick needed but one
year of additional study to complete
her training for afiiliation with the
public health service. Miss Matte
Gibson. superintendent of the hospital.
announced there are at present thirty
nurses in training at the Children's
Hospital. many of whom are sched-
uled to graduate in the spring. A
small. new class will enter the insti-
tuition early in the coming year. she
stated.
The New York herald., 1921-10-28
CUBA CANE PLAN PROGRESSES,
of Successful Com
pIetion Scheduled Tor Monday.

Formal announcement OF the suc-
cessfuI completion OF the plan for financ-
ing the Cuba Cane Sugar Corporation
is scheduled for Monday, when it's ac-
ceptance credits of $1S.000.000 mature.
OF this total 20 per cent, or S4.500,-
600. will be paid and the balance. $13-
100000, extended. At the close Of yes
terday's business about So per cent. Of
the holders of the $4,000 900 had con-
sented to the renewal.
Several days ago sufficient consents
had been obtained from the holders Of
the company's z per cent. debentures
to subordinate their holdings to O new
s10.000.000 private banking loan In re-
turn for per cent. interest payments
on the debentures, but the bankers de-
cided not to declare the plan operative
until the renewals Of the acceptance
credit were 100 per cent. The balance
of per cent. in assents Is expected to
be made to-day.
As previously reported. about twenty
banking institutions, including J. p.
Morgan Co., the National City Bank,
the National Bank Of Commerce in New
York, the Bankers Trust Company and
the Guaranty Trust Company of New
York, Will participate in the extension
Of the $lo.o0o.000 private banking loan.
The New York herald., 1921-10-28
Total
Per Capita

One per cent. of income receivers in
the United States had ID per cent. of
the national income. or $3.50, ,000. 900,
in 1918, according to the report That
Is. one OF every 100 had incomes
of $4,000 or more. Five per cent, repre-
senting incomes above $4,000, had &c
per cent. of the total Ten per cent, in-
cluding incomes above $4,000, had near
ly 30 per cent Those having incomes
above S1,750 had AZ per cent. Eighty
per cent. of those receiving incomes be-
low $1,750 had about So per cent. os the
total income.
In most years since 1913 in the prin
cipal organized Industries wages and
salaries were about 10 per cent. OF the
total income; while capital (including
management) received about 80 per
cent, cut of which were paid rent. in
terest and profits; but these proportio rs
varied with relative prosperity and de-
preston.
The share Of capital in 1916 Increased
TO about 35 per cent, with 65 p.r cent.
to labor while in 1919 capitals share
fell to about % per cent. and labor re-
ceived about 7S. In the highly organ
lied industries about 92 per cent. of
total payments to employees goes to the
manual workers and clerical staffs, while
per cent. goes to officials.
The New York herald., 1921-10-28
CONTROL OF UNITED
IS SCHULTE'S AIM
Head of Lesser Chain Says
Only in One Way VIII He
Agree to a Merger.

The following statement was given out
yesterday at the general offices of the
Schultz Retail Stores Corporation:
David A. Schultz, president OF the
corporation. said that the statement he
made yesterday had been misconstrued
He denied that the United were buying
out Schultz and affirmed, on the con-
trary, that the negotiations now pending
were for consolidation whereby the
Schultz interests would gain control OF
the United Cigar Stores, in which event
David A. Schultz would be president OF
both companies. Mr.. Schultz stated also
that the deal was far from being closed
Finally, Mr.. Schultz affirmed that
whether the deal was closed or not the
Schultz stores would continue under
their present policy and under the con-
troll Of their present organization"
In some quarters it is believed that
the consolidation plan was evolved by
the United interests for the purpose OF
securing the services of some of the
Schultz organization in the management
of the United retail tobacco business. II
is known that the first move In the
present negotiations was not made by
meeting of the United and Schultz
representatives viii be held Tuesday
when final decision may be arrived at
Just how the Schultz interests would
acquire control OF United Cigar Stores
nearly all of whose capital stock is
owned by the United Retail Stores Cor
roration, was not made clear by Mr..
Schultz. He reiterated. however, that
he would not go into the deal in any
other circumstances. The stock of the
United Retail Stores Corporation is
widely distributed and is traded in on
the New York stock Exchange. while
that of the Schultz company is closely
held by the Schultz family. with only a
relatively small block making up the
floating supply. This stock is not listed
on any exchange and Is traded In over
the counter.
1t was not expected by the two COM
panies that there would be any conflict
with the Federal antitrust laws by suci,
n consolidation. Mr.. Schultz pointed out
that even though the combined company
would be the biggest OF its kind In the
world 1t would be doing on the present
basis only about 10 per cent. OF the total
tobacco business of the country. which
ne estimated at approximately $1,000
100000 year, whereas the Schultz and
United business together would consti-
tute about S100.0o0.00O
Last year the total business done by
the Schultz stores was approximately
$40, 900, 900, but with many new stores
opened this wear Mr.. Schultz estimates
that the 1921 total will be between
s23, ,000, 600 and s25.000,o00. The annual
business Of the United approximates
$50, 600. 900. In the event of a consolida-
ton. Mr.. Schultz said yesterday. the
names of both companies would be re-
tanned In some manner. so that neither
organization would lose it's identity.
George J. Whelan. the dominant In
terest In the United Cigar stores Com
pany. was at the company's offices yes
terday but could not be reached for
comment on the proposed merger.
The New York herald., 1921-10-28
SENATE TAX PLAN OPPOSED.
Business Mems Committee Form,
to Combat II.

American business will not be re-
vived for years If the complete taxa
ton programme advocated in the Senate
be passed by the Congress, in the opin-
ion of Henry w. DeForrest, Cleveland
II. Dodge and Otto II. Kahn, members
Of the Committee of American Business
Men. which is combating the measure.
The taxation programme, which is
sponsored by the agricultural bloc, will
drive huge sums Of capital into tax
exempt securities. according to members
OF the committee. and practically would
halt the resumption OF business on a
large scale because. according to the
committees statistics, more than s15,-
Oo.00o,o0o is tied up in tax-exmpt in
vestments.
The committee has organized business
men and bankers throughout the country
10 fight the proposed taxation pro-
grainme. decrying It as favorable to
the agricultural interests alone, baneful
TO manufacturing enterprises. and prac-
ticaly socialistic.
John r. Pratt, Charles NJ Schwab.
Herbert Saterlee. Charles A. Peabody.
Lewis L. Clarke and Henry Rogers Win
throp are members OF the committee.
The New York herald., 1921-10-28
BETHLEHEM STEEL
EARNS DIVIDENDS
Orders in Third Quarter Are
Larger Than in Any Simi-
lar Period i'm 1921.

Directors of the Bethlehem Steel Cor
poratiop yesterday declared the regular
quarterly dividend OF III per cent. on
both classes OF common stock. pay
able January 70 stock Of record De-
Gerber 15
Eugene G. Grace. president after the
meeting. expressed the opinion that the
expansion of orders in the steel Industry
represents the actual needs OF con-
sum ers whose stocks have become de-
pleted. But until the railroads are able
to extend their equipment and lower
their rates he does not expect any i'm
portant construction or expansion.
Earnings for the third quarter as In
the first six months. Mr.. Grace said.
were in excess OF the dividend on the
common stock after providing for divi-
dcnds on both classes of preferred.
Orders at the end of September to-
tailed $40, 100000. compared with
SS4. 000.c00 at the end of June. Orders
received during the quarter were the
largest In any similar period this year.
The decline in untitled tonnage in the
preceding quarter totalled $2S.000.0 600.
The steel plants are operating at about
40 ner cent. of capacity.
\ mo important orders for new ship
construction are imminent" Mr. Grace
said. "but the ship repair business, par
ticularly as requiring dry dock facilities.
is showing considerable activity. The
board of directors approved the purchase
OF the properties of the Baltimore Dry
Dock and Shipbuilding Corporation,
which properties, in conjunction with
our Sparrows Point shipbuilding and
repair plant. will provide the Shipbuild-
ing Corporation with complete facilities
for the handling of all classes of repair
work in Baltimore harbor"
The present schedule of steel prices
Mr.. Grace added, represents more than
full liquidation as compared with prewar
prices and conditions. He said the Beth
lehem interests viii meet the new rail
peace recently established by the United
States Steel Corporation.
The New York herald., 1921-10-28
CONSOLIDATED EXCHANGE.

Pacific Oil led the domestic shares OIL
its group in wide advances to high levels
for this movement during the final half
period of yesterdays trading In securi-
ties In the Consolidated Stock Exchange.
In the balance OF the list there was sub
stantial improvement Of a point to two
and q half points in active steel, RAN,
equipment and speciality issues. Gains
Of 3% in Pacific Oil to AZ. 8 in Hous-
ton OIL to s0H, 2ss in Mexican
Petroleum to 1853, 2ia in Crucible Stee.
to 65, 2A in Chandler Motors to 45H,
2A In International Paper to 55M. rs
in Industrial Alcohol to 477s and in
Baldwin Locomotive to 90H were the
outstanding features.
Bethlehem Steel b advanced 2 to 541a,
United States Steel 15s to sos, Repub-
lie 2A to 4si5. Vanadium IN to 321s,
Pan American / u to 46. Texas Coal and
Oil IN to 27H, Sinclair to 23A. Trans
continental to 9h, Union OIL 1 to "a.
Studebaker IA to IS. Atlantic Gulf /
to 81, Tobacco Products III to 64%,
General Asphalt rs to 59ss, Central
Leather to 29A, Pullman 1 u to 10oiR
Submarine Boat 2h to 5A, Reading 1ts
to 20, Great Northern preferred ia to
II, Northern Pacific 1% to 73. South
ern Pacific 1ss to 1874 and New York
Central rs to 721s.
The New York herald., 1921-10-28
BRAZILIAN STATISTICS.
BOSTON AUCTION RESULTS.

FURNISHED by Richardson, Iili e. Co)
. Springfield National Bank, Springfield.
Mans. 2sj.
2,O2s L. s. Worsted, f2c
Naunieag Steam Cotton. 1924.
. Lowell Bleachery, iS2
o Massachusetts Lighting Of. 20.
28 Springfield Gas Light. i43's.
81 International Shoe, 81.
100 Winchester "a pf.. 20.
Worcester Gas LIGHT. b2N.
10 New Bedford Gas i53is
80 Gillette Safety Razor, lT5@.
100 Fltchburg Gas & Electric. full paid. 60is.
% Geo. r.. Keith ist pf., 90.
1000 Atlantic Fruit deb. Ts Dec, 1891, 33is
1000 Yarmouth Llsht 7s. Apr. 1924. sJh.
10 C;alveston-f Houston Elec.. IL.
100 East Mass, st. ref. 81. in4s. 81.
Old Colony Trust Co, Boston, 22J.
i,ts2 New England Minerals. 25e.
600 New England Minerals. &c.
2oI3 New England Minerelss 2Jcy
I George Y. Keith pf. and div, 50.
$50 fTares Motors Of n. E., ist pf.. 1880 lot.
is0 Lafayette Motors NJ. 40.
81 Lafayette Motors. 2a.
Certificate Of participation Union Wool Co..
face value S1Ts.260. S316, 21n lot
Note OF g. r.. lfecit & Co.. face val. s315 600
Certificate OF participation IN note Of s. r.
IIecht & Co., face vaiue sSi.eGI.4l sl2o
nNp io..
vaiuc Sc43. .ess.st. si2i roo lot.
2. 700 lei pf, series sinking fund stock Of
Eastern Mass. ST.; 10000 lot.
2 con second Avenue 5a, i9ts. SIG lot,
1000 secoud Avcnue IS. io4s, certificate OF
deposit. s2t lot.
" H'geiow Hartford, 1872.
20 Gillette Safety Razor. i56.
The New York herald., 1921-10-28
T. w. LAMONT SEES JOKE
IN PLOT TO KLDNAP HIM
Declines to Comment on Find.
ings for Bondkolders.

Thomas w. Lamont of ]. p. Morgan
& Co. at the close of the first day of
business since his return from Mexico
City dismissed with hearty laugh re-
ports from Mexico that a kidnapping
had been planned and that his train
had been held up between Mexico City
and Laredo. The Mexican Government
had provided an adequate escort for
Mr.. Lamont from Mexico City to the
border.
Saying he must report first to the
American members, OF the international
committee for protection of Mexican
bondholders and his second to the for
e,gn members, Mr. Lamont would not
discuss the negotiations with the Mexi-
can Government. He said that the por-
ton of the National Railways of Mexico
over which he travelled was well bal
lasted and that the trains arrived prac-
tically on time. his trip to Mexico City
taking thirty-nine hours from Laredo
against thirty-six hour schedule
The New York herald., 1921-10-28

cured by United States Government OBJ
legations s330.600. 900, or 71.6 per cent.
We're secured by Liberty and other
United States bonds, $95. 800. 900. or 20.6
per cent by Victory notes SIC. 800. 600.
or 3.5 per cent. by Treasury notes; and
sl9. 700. 900. or 4.3 per cent, by Treasury
certificates.
Since October 10 the amount OF paper
held under rediscount for other Reserve
banks by the Federal Reserve banks OF
Boston, New York and Cleveland in
creased from $42.70o.000 to s43.So0,000
Rediscounts of the Richmond bank with
the New York Reserve Bank increased
from S14. 400. 900 to SIS, 600, 600.
Government deposits are S17,5o0.o00
larger than the week before. Reserve
deposits increased $s,100,000. while other
deposits, composed largely of non-mem-
bers clearing accounts and cashiers
checks, declined by about s4.500.000.
Federal Reserve note circulation de-
clined further by s32100,000, and on
October 26 stood at 2.4Os. 500. 600 or rs
per oent. below the total reported about
year ago. There is also shown a decline
of sf.9J0.000 In the Reserve banks ag-
gregate liabilities on Federal Reserve
Bank note circulation, mainly through
deposit of lawful money with the Treas
uTy, ailHoueu lHc dihouiil VI liicSO i-O'N.'
in actual circulation Increased for the
week.
OF the total increase In cash reserves
SI3, 500, 900 was gold and S1.900,0 600 sill
yer and legals. Total cash reserves on
October 26 stood at 937100,0o0, or
s769. 600 above the total shown about
a year ago.
The following table shows the condi-
ton of the twelve banks in the Reserve
system at the close OF Wednesdays busi-
ness, at the close of business on October
10 and at the close of business on Octo-
Der 20. 1920:
The New York herald., 1921-10-28
NATIONAL INCOME
OF D. s. 81 BILLION
Almost Doubled From 1913 to
1913, Bureau of Economic
Research Shows.
$586 FOR EACH PERSON
Wealth Of Country Is Not Ap-
proaciied by That of Any
Other Nation.
1886 FOR EACH PERSON

Americans who delight to hear the
eagle screech will be pleased TO know
that thereeis no other people on earth
which reJoices In anything like the ma
tlonal income OF the United States, but
that the per capita Income Of this coun-
try Is also far and away beyond that of
any other.
Careful estimates made for the year
1914, before the world war began, show
that whereas the national income of the
United States was s33,500, 600. 900. that
OF our nearest competitor. Great Britain.
was $4,000, 100000. and that Of the Ger
man Empire s10.500,0 100000. America s
per capita income was $33S, as compared
with s243 for the United Kingdom. STAG
for Germany and 1868 for Australia.
The figures are from an advance alb
stract OF the findings of the National
Bureau OF Economic Research, whic,,
was made public here yesterday. As a
result of years study of Income i'm
the United States the formal report
will include analyses Of the purchasing
power of the American dollar and its
relation to production and taxes.
The total national income of the
United States in 1915 was SCI ,00O, ,O00,-
600. as compared with $34 4,400. 900. 900 in
1913. The great increase In dollars,
though. did not represent like increase
in production. most Of It being due to the
rise in prices. The actual total Of COM
modities produced Increased, therefore.
very little, If at all, and a large part
was war materials and not Of kind
really benefiting consumers.
Individual incomes. estimated on per
capita basis. rose from $34o In 1910 and
1854 In 1913 to $5s6 in 1918. but. the
report says, 1886 in 1913 was equal to
only S372 in terms of the purchasing
power Of five years before.
The main findings of the study, incud-
ing the equivalent value of per capita in
come in terms Of the 1913 purchasing
power are exhibited in this table:
The New York herald., 1921-10-28
EXPORTS FROM NEW YORK.

Exports from New York yesterday !:
Wheat. 17e.319 bushels; flour. 93,2S4
sacks: beef, zoo barrels bacons. 1862
900 pounds; lard. 1,314,s70 pounds /;
cheese. 5000 pounds; cottonseed OIL
226. 900 pounds; lubricating oil, 1850
gallons oatmeal. $500 barrels; grass
seed. 1850 bags; alcohol, 100 barrels.
The New York herald., 1921-10-28
TO REoRGANIzE FISH co.
Deep Sea Corporation Will Take
over East Coast Concern.

The Deep Sea Fisheries. Inc, has been
organized under the laws Of Maine to
take over the assets of the East Coast
Fisheries and the East Coast Fisheries
Products Companies. except certain
claims cancelled as the result Of litiga-
tion.
Stockholders of the old companies will
receive one share of new no par value
stock for each share Of the old preferred
stock and one share of new stock for
each 500 paid on such subscription. Sub
scribers for old Common stock will re-
ceive one share for each s120 paid in on
the old common stock.
The New York herald., 1921-10-28
FEDERAL RESERVE
BANK STATEMENT
Note Circulation Declines,
Cash Reserves Increase,
Ratio Rises.
Special Despatch to THE New York HERALD.
New York Herald Bureau,
WasIliYfxfOU. d. c., Oct. 2. I

Special Despatch to THE New YORK HERALD.
New York Herald Bureau.
Washington, ID. G., Oct. 27.
Further reduction OF $32,1o0. 900 in
Federal Reserve note circulation and an
increase Of s25.4oO.oo0 in cash reserves,
largely gold. are Indicated in the Federal
Reserve Boards weekly consolidated
bank statement Deposit liabilities In
creased s21. 100000 for the week and
the Reserve ratio rose from 70.s to 70.s
per cent.
Holdings of bills secured by United
States obligations increased $4,000. 900
while other discounts declined by $685.
100000. Acceptances purchased in open
market increased by $S.000.000. Pitt
man certificates used as cover of Fed
eral Reserve Bank note circulation de-
creased $1,000. .0e0 for the week. while
other Treasury certificates, largely held
under repurchase agreements by the
New York Reserve Bank, increased by
H,100.000. Total earning assets, $1,562,-
100000 are SIS. 100000 smaller than the
week before and are about 54 per cent.
below the peak figure, October Is. 1920.
or the $461. 100000 total of bills Sc
The New York herald., 1921-10-28
COFFEE.
The range of prices in yesterdays
Office futures market was as follows:
CABLES.

Rio futures unchanged. i2s425 for Decer-
Der. Dollar rate 80 lower. 1Si00. Exchange
nd. lower, sad. Receipts 10000 bags and
stock 1.713.o00 bags. Santos futures 25 20
100 reis higher with December 15S0i5 Re-
ceipts so 900 bags and stock 2.p3J 900 bags.
Receipts at ports 10000 bags, against 56. 900
last year and $4,000 two years ago. Sac
Paulo had 81 900, against $4,000 and 10000.
and Jundiahy $1,000. against $4,000 and TO-
coo bags respectively. Fine weather In
four Sac PAulo districts. cloudy IN one.
Cleared from Santos 81 500 bags for New
York and 5000 for Boston.
The New York herald., 1921-10-28
coTToNsEED OIL.

The market for cottonseed oil yester.
day was comparatively quiet. and after
showing slight early decline In syfnpa-
thy with grain prices rallied ON covering
and moderate buying on the firrner tone
Of lard and OF cotton. and closed with
net gains of to s points for active pos-
tions. The days sales OF cottonseed oil
were 1890 barrels.
The range of prices In Yesterdays cot
tonsecd oil futures market was as fol-
iowFi
The New York herald., 1921-10-28
DIVIDENDS.

stock OF Pay
Record. able.
Amer. Brass Co., a, g.. ...,, Oct. si Nov Is
Beth. Steel Corp A. n, 81. 25. Dec. IS ian. 2
I,eth. Steel Corp ", a, gf.2i. Dec. Is Jan. 2
Beacon OIL Co., 2sb.......s.Oct. 2S Oct. 81
Cleveland Pitts. euaran.
n, Sii1c,.4.s.. .........t4s Nov. 10 Decg
Cieve.. & Pitts. spec. suaran.
q. zoe. Observation-Disclosures Nov. 10 Dec
Consol. Cigar co. pf, n. S1.sJ Nov. ~ Dec. II
Conso Gas Co, q. xi.s5... Nov. 10 Dec. IL
Continental Paper a Rs'
.fnis. q, si.so4............N Nov. g Nov Is
Continental Paper a Bay
Minis pr, q. st.5o.....s.... Not. = Nov II
Detroit Uni. RHys, q, cilct. Nov. IS Dee
Franklin Automobile Co, q,
sflTJ ................s..O Oct. 80 Nov Il
Mass Gas, s-a. q, S2.........Nov. ~ Dec.
NJ ". 4 Mass Eec. si.21. Nov ~ Nov. q
pilts. steel Co. pf,q. si.75. Nov. 10 Dsc. !
Payable In stock.
The New York herald., 1921-10-28
SUBSCRIPTION RIGHTS.
Yesterdays Turrday's
xUfrr MA Aet MIA -.

Yesterdays Tucrday',
Expire. Bid ASK. Bid.Ask.
Chase Nat. Bank,
X. ~ Y. rights. 49,. " :. ios M /. is
Edison tllufnnn-
ting Co. Boston.Nov. % 1M az !. ~
Tnvlncbe OIL co.
rights ..........N Nov "a II a :. h
The New York herald., 1921-10-28

LosT--southeri racific Company stock Ger
tificate No. fi59nii for 100 ahates N tho
given. to show cause to said Company, ie5
broadway. Nc~ York. ". ". why d,irll.
cate should not he Issued. NATIONAL
SURETY COMPANY. ii5 Broadway. New
York, N. X.
The New York herald., 1921-10-28
N. Y. RESERVE STATEMENT.

The following table shows the condi-
ton OF the local Reserve Bank at the
close of Wednesdays business and at
the close of business on October 10:
The New York herald., 1921-10-28
U. s. CERTIFICATES AND NOTES

Closing prices bid IN yesterdays open
market for United states certificates OF
The New York herald., 1921-10-28
FOREIGN MARKETS.

LONDON, Oct. 27.--Prices of securities
traded in in the London Stock Exchange
we're steady to-day. Quotations at the
close of the trading follow:
Bar silver, 4od. an ounce.
Bar gold, 104s. 3D.
Money, per cent.
Discount rates: Short bills. 3% per cent. ;
three months' hills. 3M to 3 ii-f5 per cent.
Two and one-haif per cent conrols, fST.
British . per cent. war loan. sI%.
British AZ per cent. war loan, S0A.
De Beers, 10%.
Rand Mines, 21.
PAnIs. Oct. 27.--Prices of securities
traded In in the Paris Bourse improved
to-day. Quotations at the close Of the
trading were as follows:
The New York herald., 1921-10-28
PARIS, Oct. 27.--The weekly statement
Of tho Bank OF France elbows changes

BERLIN, Oct. 27.--The statement Of the
Imperial Bank of Germany as Of Oc-
The New York herald., 1921-10-28
BID AND ASKED QUOTATIONS.
srocK EXcHANGE QuoTATIONs.

N. Y. STOCK EXCHANGE QUOTATIONS.
To the following prices accrued interest Is
10 be added.
FOREIGN GOVERNMENT AND MUNICH
The New York herald., 1921-10-28
FOREIGN BANK STATEMENTS.
LONDON, Oct. 27.--The Bank OF Eng
and's weekly statement shows the fol-

Proportion Of reserve to liability. 13.if per
ent.: last week. 1851 per cent.
Rate Of discount. 0iS per cent.
The New York herald., 1921-10-28
81. .54s, ,acl ,2so st.552 .pa3 .ndo

RESERVE percentages OF a year ago calcu-
lated on the basis ~ net deposits and Federal
RESERVE motto circulation.