davidaulloa/AmericanStories huggingface dataset:
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-01-14

Men haint much on shoppin,' but
ner great on lookin' around. II
'her's anything this country excells
IN It's sloppin' over on somebody
that's jest died or jest been elected.
Helpin' others don't allus pay.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-01-14

The young lady across the way
says too many stock dividends are
oeinG declared, to pay dividends
on In the future, and she's sorry to
see that even some of the railroads
are increasing their rolling stock
instead OF spending their war profits
on improving the service.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-01-14

The Creek Indians face the necessity OF Sc
iecting ~ new chief. Their pale-faced hfother"
attended to their n,tc matter OF this kind sew
eral weeks ago.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-01-14

We nave never been able to understand whv
an an bo-ycnr-nld man often prefers 10 marry n
oV-yeat-oId girL and this is probably one OF tho
reasons why the mysteries OF love Will never be
solved. ~ '''' ~
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-01-14
Oklahoma Outbursfs
By Otis tsvton.

" II 10 be hoped that the spread Oklahoma
pippobed to put on at the Inauguration is not
what caused Mr.. Harding to express a desire for
n quiet and simple service.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-01-14

Tn" effect Of the republican victory in tho
STATE last November is being felt In Muskopec
lhe young mems democratic club exercised dis
c'uoh IN the election Of officers this week
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-01-14

Muskogoo barber shop has cut out ali
barker shop Jokes. Sow II the others would
voluntary offers of doVe for dandrutf life ,yiii
bo more worth living.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-01-14

,, na. @ Wid stampede In Tulsa Tuesday morn
ing was undoubtedly due TO the brincinp In nf
Dig OIL well In Arkansaw. There IA lust ono
.nihg ABOUT Tulsa that IL different from tnoo
.o""a' "heh anything unusual happens here
you can an"nys trace the effect back to the
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-01-14

Spcaklng Of dry-cleanIng OF clothes "a rulsn
auy tnlnks there ~ more than one way To Do II
Sh" left bundle OF clothes on the por;b for bor
,auhdress colored woman called for IN.
nunue ana neIghbor let her have H. and tina,
IN the last seen OF tho clothcs
New-York tribune., 1921-07-16
May Include ''Hedges"
I'm Figuring Income
Internal Revenue Bureau Issues
Ruling Affecting Dealers +
in Commodities

WASHINGTON. July 15.--Opsn @fu-
ture" contracts which arc hedges
against actual "spot or cash transae-
tions" in cotton, grain and commoditiei
similarly dealt in. may be INCLUDED,
with certain rstrictions, in dealers
year-end balance sheets for computs-
tion Of taxable income under ruling
published to-day by the Internal Rev.
enue Bureau.
1t makes the provision that mo pure.
ly speculative transactions in futures
not Offset by actual spot or cash trans.
actions may be so included or takea
into the taxpayers account in any
manner until such transactions an
actually closed by liquidation" and the
further restriction that values Of com:
modities covered by such open future
contracts shall not be added to nor de-
Quoted from the inventory Of the tar
payer"
Cotton and grain exchanges aid
dealers, the announcement said, ur2sa
that a ruling be issued.
New-York tribune., 1921-07-16
Advise Scale Buying

Among the firms that have definitely
committed themselves to the construc-
tive side of the market are Horn
blower & Weeks, J. S. Bache &
Co. and Hayden, Stone & Co. In
this connection the latter, in their
market letter yesterday, said: "While
we are now quite strongly committed
to the constructive side, for long
pull, we frankly do not think that there
is anything likely to take place to
arouse enthusiasm in the near future
The present hand-t to mouth system of
Euying will, we believe, continue in
force for some time to come and a
rather long-drawn-out period Of dull
ness, market-wise, is inevitable. The
more protracted this period is, however,
the more thorough will be the prepara-
ton for the next uplift. Properly re-
garded, such period, irksome as it
may be, offers the real opportunity to
the man with vision and resources"
New-York tribune., 1921-07-16

Lack Of Buying Power

Despite all the predictions that the
stock market in July would experience
substantial rise, it continues to show
u discouraging lack Of buying power.
Those who take the more optimistic
view argue that a fair amount Of sup
port appears when prices drop few
points. Among the bankers one hears
much talk Of industrial liquidation. A
large amount Of time loans on securi-
ties is to mature in the next week and
it Is not expected that these will be re-
newed. They were put last May, most
ly by interior banks. Whether the
taking In Of these accomm odations will
be market factor remains to be seen.
A rather severe decline was caused a
few weeks ago by the calling of this
character Of loans held by New York
banks.
New-York tribune., 1921-07-16
Steel Reports Soon

With the Lackawanna Steel Company
reporting a deficit of nearly $1,000, 900
for the June quarter the Street is not
inclined to be very optimistic over the
showing the other steel companies are
going to report for the same period.
Talk of this sort was declared to be
mainly responsible for the weakness
in United States Steel common yester-
day The corporation will issue its
earnings statement for the three
months ended June 80 the last waek
Of this month, and it is generally con-
ceded that it will be much the poorest
that has been issued for several years.
Bethlehem Steel B. despite the reports
that the regular quarterly dividend will
be declared when the directors meet
later in the month, also turned reac-
tionary and closed the day off two
points. The decline in E. s. Steel
amounted to 1A. AT TIN the stock
was within a point and an eighth of
the years low.
New-York tribune., 1921-07-16
Rumor Of Hitch Denied

Weakness in the railroad group yes
terday was accompanied by rumors of
hitch in the negotiations between the
government, the railroads and the War
Finance Corporation for refunding of
the $50OO00,O00 spent on additions and
betterments during the period of Fed
eral control. There was no apparent
basis for the rumor, however, except
that the conferences in Washington
had been temporarily concluded be-
cause Secretary of Commerce Hoover
had been suddenly called to Chicago.
1t had been hoped that the conference
would be continued yesterday, but Mr..
Hoover's absence made it necessary to
adjourn until next week. The report
ed entrance Of the War Finance Corpo-
ration into the railroad financial
tangle is believed to have to do with
the advances that may be made by the
government on the amount owed the
carriers.
New-York tribune., 1921-07-16
Steel Stocks
Turn Weak i'm
Dull Market
Grain Prices Are Firm
Early, While Cotton Quo
tations Gain Moderately;
Exchanges Again Easy

Confronted by marked absence o1
buying power in the stock market, pro-
fessional spectators in quest Of fur
ther declines met littla resistance yes
terday. On the other hand, even the
shorts were partially paralyzed by the
midsummer spirit Of inertia prevail
ing and the marketplace was once more
scene Of dull inactivity.
After Ave hours Of languid fuctua-
tions. the average prices Of railroad
and industrial securities were lower
than on any previous day This week
The changes in the rails were slight
despite gossip regarding possible
bitches In the negotiations at Washing
ton to put the roads in funds through
the medium Of the War Finance Cor
poration. Tho industrials suffered
slightly more substantial losses, par
ticularly In the steel group. whore
spectators were inclined to discount
unfavorable earnings statements for the
second quarter. Tho selling pressure
was concentrated on such stocks as
General Electric, Crucible Steel, Beth
lehem Steel, United States Steel, Bald
win and American Sumatra.
A technical ruling regarding grain on
track being considered regular delivery
after July IS upset the calculations OF
some spectators and price changes
were extremely irregular. At the close
ahe current month was quoted tx cents
lower, whereas the late positions gained
from u to 11s cents, continuing the
upward surge which has swept the
market through the. week.
Despite the recent upturn, the cur
rent quotations in the wheat pit tell
startling story Of dehation Of farm
products. when compared with those of
July is, 1920, the day when future
trading was resumed. December fu-
tures yesterday were quoted at $1.26A
bushel, compared with $270h exactly
year ago.
In the cotton market there was little
change in cotton. When prices got to
13 cents pound increased offerings
came. Final quotations were unchanged
to IL points higher.
Sterling and the Continental ex-
changes were again slightly easier yes
terday. Marks were q shade lower,
too, but were relatively steady. Ex-
change bankers again see signs of Ger
man preparations for the August 81
reparation payments. but this time the
German government Is able to be more
forehanded and the disturbance to ex-
change rates at the time actual pay
ment is made Is likely to be less pre-
cipitate, as preparations are being
spread over a longer period.
New-York tribune., 1921-07-16
Crude Oil Output Less

Another falling off in crude oil pro-
duction in the United States was repor-
ted by the American Petroleum Institute
for the week ended July g. The daily
output for that period was 1872, ,760 bar
rels compared with 1,315,95O for the pre-
ceding week, decline of $3.50 barrels.
The effect of continued drilling opera
tions in the new Ell Dorado field, how
ever, was seen in an increase of 1000
barrels in the daily average production
Of that section. In the North Texas
rels, while in the Mid Continent field
there was q decline of 1,160 barrels.
Daily average production in the Gulf
Coast field decreased 2,2Oo barrels, and
IN Wyoming Montana there was a drop
of 5000 barrels.
New-York tribune., 1921-07-16
Status Of American Shipping

A tonnage increase Of more than 131
per cent in documented American mer-
chant shipping since the beginning Of
the war is shown by an official state
ment released by the bureau of navi-
cation of the Department of Com
merce. The total documented Ameri-
can shipping at the close of the June
80, 1921, fiscal year was 28,500 vessels
OF 18,35O,000 gross tons, compared
with 28,183 vessels Of 16,324O24 gross
tons in 1920 and 26,943 vessels of
1.92S,6oS gross tons in 1914. Seagoing
vessels of 500 gross tons or over num-
bered 1928 of 1924 ,4O1 gross tons. of
which 23S of 1,271 ,079 gross tons are
passenger liners. The United States
Shipping' Board owns 1913 ships of
7,993,771 gross tons.
New-York tribune., 1921-07-16
Redemption of Foreign Bonds

= ouestion-Plsass adviae me IL you con.
s!der the per cent bonds $500 issues) of
either Swiss. Kingdom of Norway Belgiurn
or others safe Investment which ones
are redeemable by sinking funds set aside
Tor this purpose, and when 20. H. r.
Answer--We consider all three of the
foreign bonds that you name as good
investments. The sinking fund provi-
sion on the Kingdom Of Belgium ss,
due 1941, provides that sums sufficient
to purchase s1,5oo.ooO par value of
bonds year at not to exceed 1o7h
must be set aside. The Kingdom of
Norway sinking fund provides for the
setting aside Of $l,ooo,ooo yearly for
the purchase of the bonds in the open
market at not more than 40, and the
Swiss 8 per cent bonds provide for set
ting aside $1,000,000 per year at or
below 1o5. After 1896 the bonds are
redeemable at 1o5. The Norways are
redeemable after 1925, at 11o, and the
belgium IS after 1881, at 1071a
New-York tribune., 1921-07-16
California Bonds Are
Offered TO Yield S. .40on
Nearer Maturities Will Re
Sold on SIS Per Cent
Basis

The State OF California yesterdy
awarded s4,87s,000 of its serial bond
to banking syndicate consisting q
the Guaranty Trust Company, Banker
Trust Company, Kissel, Kinnieutt
Eldredge & Co., Stacey & Bara
the Anglo-Paris and London Nation,I
Bank, Blyth, Witter & Co, Hannshs,
Ballin & Lee, James Emmerich & Ca
and Curtis & Sanger.
The longer maturities will be ei.
fered to-day on a $40 basis and tks
nearer ones on 5.75 yield basis.
Philadelphia, Pa, will receive bids On
a $5,000,000 issue next Monday, and
Minneapolis will be in the market for
small amount Of funds next week,
New-York tribune., 1921-07-16
Financial Items

- sartorius, Smith & Loewi, members ~
me me New York Stock Exchange. announced
she opening OF branch office at CastiesN
py-the-s Sea at Long Beach, l.. l., under the
management Of c. Buchignani '-''
Ihe McCrory Stores Corporation reported
safes during June amounted to s1.oso.114
s0.l sor lpared pare to $i,o7o,19s in June. 1920: and
~. fD,i ,,. Sas IN the corresponding period Of
-, l1immermann & Forshap have reonensd
tae.l Rarun orancn office at n Inter Den Linden
Louis = Wakelee, formerly with tha Nav,
q ,oaM ssoa, oltice or Cassatt & Co, has benoma
assoeiated ,.s with Hallgarten y CO, in tbsir
New-York tribune., 1921-07-16
General Electric

Within the last few days traders
have been turning their attention to
General Electric, apparently on the the
ory that the great falling off in new
orders in other lines of business has
also adversely affected this company.
In the last two days the stock has de-
clined more than Az points. The COM
pany is said to be cleaning up its
present orders, with little prospect Of
anything but slight demand for the i'm
mediate future. The Lynn plant, nor
mally employing 200 to 10000 men,
is now down to 5000, while the works
at Schenectady are said to be oper-
atlng at about 10 per cent capacity.
officials say that further curtailment
will depend entirely on business con-
ditions.
New-York tribune., 1921-07-16
/. c. C. Valuations

The. more important of the eight
tentative final valuations which the
interstate Commerce Commission made
public yesterday were for the Ann
Arbor, the Toledo, st. Louis a. Western
and the Trinity & Brazos Valley. The
term used by the commission apparent
Iy means that the work of valuation
is complete, but that its decision il
still open to attack by the companies.
Worked out on mileage basis the
commission decided that it would have
cost, roughly. $500 a mile to build
the Glover Leaf" s37 1000 a mile for
the Ann Arbor and sac, 900 a mile for
the Trinity & Brazos Valley. These
costs are as Of June 80, 1915, for the
Ann Arborsgand June 80, 1916, for the
other two xeads.
New-York tribune., 1921-07-16
Weeks Wool Prices

BOSTON. July 1s.-The corarnefea!
Bulletin tomorrow will publish wool 1si'ss
as follows:
Ohio and Pennsylvania neeces-Ds!ains
unwashed, 35c; unwashed quartsr-nlo
2Sc; half blood combing. 2s8soo; tnfss'
eighths- blood combing, zee.
unwashed. 3l@35c: fine unwaehed. ssv
27c; half-blood unwashed, 2S02sc; three'
eighths- blood unwashed. rs o 7ec: quarters
blood unwashed, 24626c.
Wisconsin, Missouri and average nev
Eng ngland-Quarter-bio 74426o; thress,
eig blood, 22G2sc; quarter-blocc' %
@22c.
Kentucky, West Virginia and s!miisse-. r..
Three etg hths blood unwashed, T@"e'
quarter blood unwashed. 25@2ec-
IS @75c; fine eight months 6o@55c.
California-Northern, 7o@75c; nion''
county. 65@6Sc.
Oregon-Eastern No. staple. 7sgssSs
eastern clothing. 6o9s5c; valley NO.
65 67QG
New-York tribune., 1921-07-16
Steel Price Average Lower

The average price of eight leading
iron and steel products, as quoted by
The Iron Age, declined last week to
$3.50 gross ton, compared with
S53.42 the preceding week, $85.03 the
1920 high average and $3.50 in Au-
gust, 1913, typical pre-war level
The recent decline is attributed to re-
cessions in wire nails from So to S2.75
q hundred pounds and from s23.46 to
$2296 in Bessemer pig iron. Other
products not used in determining The
Iron Ages average also showed de-
clines.
New-York tribune., 1921-07-16

BRAZIL tpar a2.4S cents a paper milre.s>
Demand .......1o.68 1850 2s.s7h
Cables .........1o.e2 10.62M 23.60
PERU {par $As6 q pound)
9 Checks ....... 3bs S.5e A7S
ECUADOR (4S.ss cents . sucre)
Checks ........ 3.69 3.6e
CHILn (par 2e.6 cents = peso)
Checks ........1o.25 lo.37A 21So
URUGUAY (pAr 1e3.42 cents q psso)
Checks .61.76 $50
VENEZUELA (par 1913 cents q bolivAr)
Checks ........1e.53 1852
Canadian Exchsnge-New York funds
In Montreal. 12N per cent premium !;
Montreal funds in New York, 14N per
cent discount.
New-York tribune., 1921-07-16
Has $4,000 More to Invest

Question-I have tho following bonds:
si,ooo Northwestern Bell Telephone 7s.
Si,OQO Gulf OH Is, ten shares Standard OH
of New Jersey at Los. Have So, 900 for in
vestment / would like to get bonds, but no
pail. A.
Answer-We would suggest De
Laval Separator per cent bond, due
1881, which, while it is not listed on
the New York Stock Exchange, is
readily marketable in ST. 900 denomina-
tlons and, in our opinion, is good
investment. With the other 1000
we would suggest Chicago Union Sta
ton 6hs, due 1863.
New-York tribune., 1921-07-16
Money Market Operation

Despite the governmental Withdrawn
of $66 100000 yesterday there was NJ
semblance of strain in the money MAJ
ket. The withdrawal, however. sr
planned the per cent call rate. in tns
face of an exceedingly light demsna.
The Treasury also redeemed the ISSUE
about SEQ 600 COO 0an in this this district isl alons
New-York tribune., 1921-07-16
Permit Coffee Sales Publicly

Publication Of the sales Of coffee AN
sugar futures will be sanctioned here,
after by the New York Coffee ana
Sugar Exchange. This reverses the &c.
ton taken Thursday by Superintendent
C. B. Stroud, which resulted in cutting
off this information from the news
papers. The explanation vas msds
that Mr.. Stroud's action was due to
misrepresentation, and that the exchsng'
authorities had no objection to the psO.
lication of the figures. Estimated sac,
yesterday were 5000 bags of coffee ans
1900 tons of raw sugar futures.
New-York tribune., 1921-07-16
Good Opportunities Are Plentiful

Question: have been solicited to buy
some stock Of the l.. r. Steel Service Cor
poration and can fnd nothing about them
you tell rae anything about their history
and record, and do you consider their stock
even fair risk III. j. II.
Answer-We do not consider the l..
r. Steel stock fair risk. The reason
you do not see it quoted is that it is
promotion and has no market. There
are SO many attractive investments and
speculations in 1 market like this that
we should think you would avoid doubt
full ones.
New-York tribune., 1921-07-16
VS. Bid Asked, I
10 Sell Shelton Bank Assets

,o1;1: n1;h1:!DGEPoRT, Conn, July 15.-The
Petition of former Governor Marcus n n
Holcomb, receiver of the Shelton S.n
!ngs .1g Bank and Trust Company. to sell
the assets of the institution to FranL-
I'm 5; Jerome, of Orange, Connecticnt
Tor slightly more than ST 200, 900. was
granted by Judge Keller in Superior
Court here to-day. The bank has been
IN IN receivership since early this wear
NO objection to the proposed sale was
made by stockholders.
New-York tribune., 1921-07-16
Thinks of Selling Short Term Notes

Question: inclose list Of my holdings
Would appreciate your opinion of them
the idea OF improving the security and IN
creasing present or future returns Ameri-
can ca Wooien. ten shares; Southern Pacific
Wsstsrn ansd .sn tn se.f9k
Pacific OIL Company. ten shares: Durham
Hosiery Company. ten shares preferred;
shares preferred; Bethlehem Steel Corpora-
tion, ten shares preferred; International
Mercantile Marine. ten shares preferred :;
shares preferred; Virginia Carolina Chem
ical Company. ten shares preferred: Fire
stone Tire and Rubber Company. ten
Company, ten shares preferred; City of
Copenhagen bond 1914, $1,000 French Re-
public per cent bond. 1945. $1,000; King
$1,000; British Internal Victory Loan 4
per cent bond 1898, $500; ST Louis & San
Francisco 1oT O. adjustment per cent bond.
Company bond, 1s4l, $1,000; Northwestern
Bell Telephone Company bond, I941
$1,000; Steel and Tube Company of Amer
year gold note. 1923, $1,000; B. r. Good
rich 6-year gold note, 1925. 81 900; Liberty
and Victory bonds Of all issues s3,7oo.
would 1t be wise to sell the short term
notes Of the Texas and Goodrich compa-
MES and invest IN long term bonds?-
H. b. S.
Answer-We think it would be wise
to sell the Texas and Goodrich notes
and invest the proceeds in a good pre-
ferred stock like American Car and
Foundry preferred. Of your common
stock the Pacific Oil is the moet spec
ulative. 1t is an entirely different kind
of investment from the Southern Pa
ciic, although, presumably, you got 1t
through taking up your rights on
Southern Pacific stock. Under present
conditions we would not advise the
holding of either Firestone Tire and
Rubber or Page Detroit Motor Car
Company. We have seen no recent
statement of the Rosemary Manufac-
turing Company. The company has no
funded debt. While the Virginia. Caro-
lima Chemical Company is taking heavy
losses in earnings, owing to the severe
depression in the fertilizer business.
we think the company is strong one,
and in the long run the preferred
stock will come back. OF your bonds
the st. Louis-San Francisco adjust
ment IS are a business mans invest
ment and the British internal loan is
speculative in that its value fluctuates
with sterling exchange. Otherwise your
bonds are good investments, in our
opinion.
New-York tribune., 1921-07-16
German Credits

The International Acceptance Bank,
which is known to be negotiating with
Germany for 100000 grain credit,
yesterday had no announcement to
make on the subject. 1t was learned,
however, that the matter will probably
come to focus by Monday, when q
public statement will be issued.
New-York tribune., 1921-07-16
The Dollar in Foreign Exchange

The pressure against sterling and
Continental exchanges continued yes
terday, although the recessions were
not striking. Marks were a shade
lower, but relatively steady. Changes
were associated with preparations for
German reparation payments.
New-York tribune., 1921-07-16
London Metal Market

LONDON, July 15.-Standard COPPER
spot, Ell; futures, Ell 5s; electroiyus
spot, s75; futures, f7S; tin, spy
S165 12s Cd; futures, S167 17s Cd; isss'
spot, s23 Is Sd; futures. s23 5s; 5in's
spot. s26 5s: futures. s27.
New-York tribune., 1921-07-16
London Stock Market

LONDON, July 15.--Bar gold was
quoted at 113s I'd. Money was lent
at 81 per cent. Discount rates were:
Short bills, Az per cent; three months
bills, SIS per cent.
New-York tribune., 1921-07-16
Investment
Information

Questions of general intersst to tm-i
vestors tc;H bn answcred In this coil
unsn. in which case only initials osss
BE- used. Others .Diit be dnswsrsd oyt
mail. Address oil inqMi,ics, inctos-I
ing stamped, addressed envelope, teI
Financial Editor, TIE Tribune, ls1i
Nassau Street, Nets York City.
New-York tribune., 1921-07-16
Money and Credit

With the strengthening Of tho rate
for call money sitter tone has been
impaired to the time money market
and only the best names have any sue
cess in securing offerings. Traders
rates are and eAs per cent on mixed
collateral and 6A to Z per cent for
all industrials. The call rate held yes
terday at 6 per cent.
Yester- Year
day. ago.
On industrial collateral. 6 s
On mixed collateral. $50. 8
Time money (mixed COL
lateral:
Sixty days. ............ 6@eh S@sA
Ninety days .......... 6@61a 8@Sh
-Four months ......... 6@65A 8@8h
Four to six months. .... 6M61a SMSh
Bank Clearings-Bank clearings at
New York yesterday were: Exchanges,
s602,So0,o0o; balances, $6s,300, 900.
New-York tribune., 1921-07-16
Bank of France S..,e,,,..,,

rAhls' July l5.-The weekly state
me thens o1 the Bank of France shows
inc ioiio"ing changes, in francs,