davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-03-29
Sears, Roebuck and
u. S. Smelling Pass
Common Dividend
Chicago Mail Order House
Directors Give Slack Busi-
ness as Reason: Punta AL
eyre Cuts Disbursement

CHICAGO, March 28.--Sears, Roebuck
q Co. to-day passed the usual quarterly
dividend on its common stock. This
action was attributed by the company
to slack business.
In connection with the announce
ment of the passing OF the Nav divi-
dend, the board of directors issued the
following statement.
The beginning of the year found the
company with a large stock of ner-
chandlse and an accumulation Of in
debtedness caused by the general slump
in business and greatly reduced de-
mands on winter goods due TO lack of
cold weather.
Expenses have been curtailed and
sales are showing substantial increases.
March sales will be approximately s19,-
100000, which is 16 per cent more than
March, 1919, and only 26 per cent less
than March, 1920
The condition of the company was
greatly improved since January / and
Liabilities are being materially reduced.
Inc company has no commitment. di-
rect or indirect, other than those nee
esary for the current conduct of the
business upon the present volume of
sales and al of the company's commit
ments are based on the present level
Of prices"
Annual cash dividends of SO a share
on Sears-Roebuck common stock were
paid from 1918 up to January 13 last,
when the directors declared a quarterly
dividend of So a share in per cent
interest bearing scrip, due to q desire
to conserve cash resources Yester-
days action of the board in passing
the quarterly distribution due at this
time was not entirely unexpected. as the
recent decline in the price of the stock
indicated unfavorable action.
BOSTON, March 2s.-The United
States Smelling, Refining and Mining
Company to-day passed the quarterly
dividend on its common stock. The
last dividend declared, in January, was
80 cents share, the directors having
voted three months aro to reduce the
disbursement to that amount from
$3.50 share. The regular quarterly
dividend on the preferred stock was
declared, payable April Is to stock of
record April g.
The directors Of the Punta Allegro
Sugar Company voted to reduce the
quarterly dividend from 50 to s125 q
share. This action restores the rate
that prevailed prior to last October
No statement was made as to the rea-
son for the reduction.
New-York tribune., 1921-03-29
Days Neav Issues

r. NJ. Grant & Co. are preparing to
offer at par and interest an issue of
S2,175,000 City of Seattle municipal
llght and power plant and system 6 per
cent gold bonds dated April /, 1921, and
maturing serially to April /, 1941.
These bonds are, in the opinion of
counsel, an obligation of the City of
Seattle, and principal and interest are
payable from the gross revenues of the
entire light and power plant and sys-
tenn of the city before any deduction
TOR operating expenses, maintenance
and depreciation, according to the Su-
preme Court of the State of Washing
ton. Gross revenues for 1920 were
more than six times the present annual
interest requirements, and for the five
year period from 1915 to 1920 averaged
more than four and three-quarters
times these requirements. The present
valuation of the properties is S14180,-
606. The bonds are exempt from all
taxation in the State of Washington,
and are eligible as security for county
and city deposits in that state.
bid of s1.423 won the award yes
terday of an issue of $4,000 900 Cook
County (Chicago) Az per cent serial
bonds maturing 1926 to 1910. Among
the members of the syndicate receiving
the award were the Northern Trust
Company, Taylor, Hewitt G. Co, Rem
ick, Hodges & Co.. Merrill, Oldham &
Co. and Kissel, Kinnicutt & Co. Public
offering of the bonds will be made
shortly.
Several small pieces of municipal
financing are on tine cards for the next
few days. Bethlehem, Pa, is selling
an issue of $675,o00 s per cent bonds
running from 1926 to 1861, tax free in
Pennsylvania. To-day bids will be
opened on an issue of $4,000 City Of
Lowell (Mass.) bonds bearing rate Of
interest not exceeding per cent, run
ming from 1922 to 1941. The city of
Reading, Pa, will open bids tomorrow
on S515,000 per cent bonds running
from 1922 to 1851.
R. w. Pressprich & Co. and Redmond
& Co. are offering $1,25o,0oo State of
Idaho per cent treasury notes at
10o%, yielding 6.15 per cent. The
notes are dated April !, 1921, and are
due March /, 1922" They are free from
all Federal income taxes and surtaxes
and are q legal investment for savings
banks and trust funds in New York
State.
A new issue Of 100000 Of Denver
Gas and Electric Light Company TWEEN
ty-five-year general mortgage 77s per
cent gold bonds is being offered by
Bonbright & Co., Inc, and W. c. Lang
ley & Co., at price to yield 7.s5 per
cent
New-York tribune., 1921-03-29
Sale of ID. & II. G..
To Western Pacific
Ratified by Court
Official Confirmation by Dis
trict Judge Lewis of Trans
fer of Road for S5,OOo,-
900 to Satisfy Judgment

DENVER, March 29.-Sale OF sns
Denver & Rio Grande Railroad to the
Western Pacific Railroad for $5,00o,ooo
here last November to satisfy Judg-
ment of the Equitable Trust Company
of New York, was confirmed in Fed
eral Court here to-day by District
Judge Robert E. Lewis.
The decree provides that William A
Jackson, who was appointed specl1~
master on court order, shall deliver to
the purchasers full deeds, uall assets
and assignments on the payment 10 rhc
special master of the full amount o5
money within thirty days, or within
such time as the court later may deslg-
nate.
The decree also directed that all
moneys held at present by A. P. Bald
win, receiver of the road, shall be
turned over to the purchasers, with the
exception of 100000, which the re-
ceiver is authorized TO retain for cur
rent expenses.
The confirmation definitely disposes
of any right of the stockholders to in
terfere with the roads operation.
Sanction to the payment Of the s5.-
600 900 in 5 per cent thirty-year gold
bonds of the Western Pacific Railroad
is given in the confrmatory decree.
SAN FRANCISCO, March 2S-Con-
firmation of the sale of the Denver
Rio Grande Railroad to the Western
Pacific Railroad will mean the reor-
ganization of the Denver & Rio Grande
system within the next thirty days,
Charles NJ Levey, president Of the
Western Pacific Railroad, said to-day.
The Denver & Rio Grande Railroad
was sold to the Western Pacific on No
vember 20 last. to satisfy a deficiency
judgment of s36.oo0,0o0 rendered, in
view of the Denver roads failure to
meet its guarantee OF interest and
principal on the Western Pacific first
mortgage bonds. Efforts were made by
an Independent stockholders commit
tee, headed by Ex-Governor Benjamin
B. Odell, to prevent confirmation of the
sale.
This committee announced yesterday
it would continue to prosecute its action,
attacking the method by which the
decision causing the sale was reached.
New-York tribune., 1921-03-29
General Motors Debentures

Ouestion-Would you please analyze for
me the investment position OF General
Motors debenture 6s? l understand that 1t
is the present policy to retire the pre-
ferred as soon as possible and that the de-
bentures really are in value equal TO q
r,referred stock.-M. IL. 5.
Answer-The General Motors Cor
portation has outstanding $l6,183 400
preferred per cent cumulative stock,
lative stock and S56,366,9o0 per cent
debenture cumulative stock. The three
issues rank equally in regard to divi-
dend payments, and also rank equally
in being entitled to accrued dividends
and payment at par in case of liquida-
ton of the company. 1t would appear
that the per cent debentures are on
an equality with the preferred stock.
New-York tribune., 1921-03-29
Financial Items

Lewis Spencer Morris has been elected q
director of the Bond and Mortgage Guar
antee Company.
Joseph Frederick Hewitt. formerly OF
NJ. J. Meehan & CO.. has become associated
with Ernest Smith & Co. and Will special
ize in unlisted securities.
The meeting of directors OF the General
Motors Corporation. which was scheduled
TO be held on March 81. has been post
poned to April ).
Net profits of the Credit Commercial de
France amounted to 13, o62. 1856 francs.
compared to s.s0s.375 francs in the pre-
ceding year. il was announced yesterday
The dividend has been increased from Z
per cent 70 per cent the new capital
liza ton OF I20. 600. 900 francs.
The Merchants Bank OF Canada at So
and 65 Wall Street. will move into It's new
quarters at 80 Wall Street Monday.
New-York tribune., 1921-03-29
Answer-we would suggest American
Advised to Buy a Wildcat

ouestion--The enclosed circular has been
sent 10 me by friend who urgently ad- :
yises mo to invest limited amount IN the
sunlight Oil and Gas Company. OF Dallas
Tsx. / have been guided by advice given
in The Tribune Investment Column in Vlax-
inv severnl small Investments. SO before
s nassssderinr the above proposition l thought
That your department could inform me as
tn the relia bility Of the above named com
Many realize that this investment would
ha sneclIlative but your opinion, based on
any information that you have, Will be
appreciated.-A. G. B.
Answer-Your oil stock is what is
technically known as wildcat. We
do not advise about such ventures.
Sunlight is intangible and oil is
slippery.
New-York tribune., 1921-03-29
California Petroleum Earnings

s pross Of & the casorna hasss and Fea
sral taxes, for the year ended Decem-
asr 81. were $3.50, ,79l, equivalent, after
preferred dividends, to $10.61 share
esmed on the S14,S77,00 common
stock, compared to $l,277 ,644, or $3.50 a
saare earned in the preceding year, &C
sordlng to a statement issued yester
csy Surplus amounted TO $3.50, 1862,
an increase of $1.149.21S
New-York tribune., 1921-03-29
Road Seeks Bond Issue

WASHINGTON, March 28-The Chi
cago, Indianapolis & Louisville Rail
way Company asked authority of the
Interstate Commerce Commission to-
day to issue s3,493,00o of general
per cent gold bonds, of
which S920000 are to be used to reim-
burse its treasury for money already
expended and the balance to retire out
standing OBLIGATIONS.
New-York tribune., 1921-03-29
Investment
Information

Questions Of general interest to an
vessoys trsit be ansWered IN this COL
W'nn, ~ sohtch case only initials ,ciu
90 used. Others ,pill be ans,uercd BY
mati Address all inquiries, tnclos-
ing g stamped, addressed snrclope. to
fftnoncial Editor, The Tsibune, i51
Nassuu Street, New York City.
New-York tribune., 1921-03-29
Gross Railroad Earnings
Show Gain Over 1920

The outstanding feature of the
February earnings of roads, made
public yesterday, is the increase with
out exception in gross earnings over
February, 1920. and the failure Of the
Delaware & Hudson and Long Island
to keep any of this for net.
New-York tribune., 1921-03-29
Likes Bonds in Foreign Moneys

puestion-What do you think of Argen-
tira Government per cent sterling ex-
ternal bonds due 1856, and Province OF
Quebec 8 per cent bonds. 1855, as invest
lnentse They seem to me 10 be especially
attractiye on account of the possible or
probable enhancement in price as sterling
and francs improve in price. The security
seems good. with speculative features
added Why are Empire Gas and Fuel 3
per cent notes. 1924. selling so low, as, ac-
cording to this company 5 statement the
interest charges are being earned many
times over with enormous surplus
Would YOU consider Great Western Power
bs 1916. an investment or speculation =
S. c. c.
Answer-We consider both Argen-
tine Is due 1856 and Province of Que
bee 8 per cent due 1855 rs good invest
ments, we'll secured. We cannot un-
dertake to predict the course of for.
eign exchange. The Empire Gas and
Fuel Company in the year ended July,
81, 1920, earned S21, ,094 net and
it's interest charges were only 81, a.
622. All short term notes are selling
TO yield high prices and this is espe-
ciaily true of the notes of oil com.
panies. Great Western Power bs OF
1916, while they are junior lien on
the property, are, in our opinion,
good business mans investment.
New-York tribune., 1921-03-29
Girl Wishes to Preserve Legacy

Question: am business girl With g .
modest salary. Recently 5000 came TO
me as beneficiary In life insurance policy.
and therefore consider it rather The So saersay 9Sas,
!, wisaiv and in the best way The fol-
lowing things have eoeurTed bsr,y to pe bonas 80
stock Of the Guaranty Trust Company
(paying about go per cent, costing about
s315). stock of General Electric Company
or first mortgage on some property. Natu-
rally / wish the money 20 earn as hig
a rate Of interest safely possible.
could put $500 of my own with 1t, also-
M 3. F..
Answer--We would suggest American
Telephone and Telegraph convertible 4
per cent bonds, due 1886, selling at 50.
giving current interest yield Of 5.77
Der cent, and if you hold them TO ma
turity a yield Of 7.4l per cent. We We
consider them safe. At this price $3.50
will buy q $1,000 bond II you 1eel tna'
Liberty bonds would under the circum-
stances be more fitting you could buy
Fourth Liberty 4As, due 1888. at 81
New-York tribune., 1921-03-29
NEW ISSUE

Convertible $50 Sinking Fund Gold Bonds
: @ ;@ @ IT, s;: e +; Y; = s e s $$ # Is s e. s.: '
~ @ % % 5 % % | 90 SO @ sspsa @ 1BBss may
~ -" s % 70 'e s esae National Banks
ao~:va a~n~ssasa ascr~u~n ~.nmaa~
hhg
,ParValu
Convertible $50 Sinking Gold Iue
sPayabe eernyt
Equipment
@ % T tie $ : ss ss s'h be s
Of o ln fbonsA
BUSINESS AND Properties
@ % % a vas % Tsaa ns @ shse 4 4sa LOUISIANA %
agggs" past % ABOUT 10000 barrels steel tank
% hs odps 5 1920 m was was about bout 100000 barrels
o
e O
Ass MT =
"e
nd pecsnP5 81 1870 before depletion
The Deedo
September 1921 %
fund sdnd @ @ excess ss the sink
rx @ .oea =
W pow S'sA
Price o5 and accrued interest yield over 8Mq5
% s ss sr s;. s. % a ~
NAPHEN & co.
wYoRK AND NDHoroNs
'sRoAD"A4
New-York tribune., 1921-03-29

Four full columns Of in-
pestment questions and an
s,cers are published in The
Tribune erery Sunday.
New-York tribune., 1921-03-29

A new issue Of 81 100000 Of Denver
Gas and Electric Light Company twen-
ty-five-year general mortgage 7hs per
cent gold bonds is being offered by
Bonbright & Co., Inc, and W. G. Lang
ley & Co., at price to yield 7.s5 per
cant
New-York tribune., 1921-03-29
Pere Marc 4s 5s 1860

10 SET or NJ Un TANK Car
bs 1859 Is 1890
l -. Ga ....1o0&
Reading gen I'm Ra or G r
4s 1897 40 1a2T
The Keota news., 1921-12-09
Think Ahout Il.

he Near East there are two hun.
Thousand boys and girh who are
~. Some Of them are In orphan.
Some Of them are In refugee
y. Thousands Of them are adrift
: Gods skies without shelter or
y people OF friends; sdrift In .
where there 70 no food.
y are the children Of christian
rs who were killed or deported by
Turkish armies. Many Of the
Ien themselves were used ~ dray
bls by the Moslems and when the
et was iu. turned out into the
with no money or food. to die.
3, wheat. barley. oats or beans
, shipped to the sea coast by The
Ids free and from there the u. 8.
knment will transport Il to ths
Ing people.
yernor Shoup says. " nultitudes Of
len are endeavoring to exist on
and herbs and are seeking shelter
bles In The ground. Those people
kore heroic work for the cause Of
bcracy and liberty In the World
and are now suffering. more than
other people who participated in
conflict. The middle west can b.
|nded upon to do its share. and ths
|sns Of Colorado will doubtless do all
tn their power to help The Near
su6srsrs In this time Of dire
(ses and need"
hat can Keota do about Il? A dis
)on Of this question will b held at
~. e. Church Sunday morning.
(ybody b asked 70 b there. Think
i Il and come prepared to state your
R.
The Keota news., 1921-12-09

Last Saturday evening Keota Basket
Ball fans enjoyed . speedy game when
the Keota town team and the Koota
High School Team met at the high
school gym. The game went to the H. 8.
boys with score of l6 to 10. The line
up for the town team was, Center.
Rueben Steiger; Forwards. Tom Buchsf
and Roland Rumsey; Guards, H. Curris
and C. H. Foley. The high school line.
up was: Center. Clayton Butler; For
wards, Oren Bridwell and Edd Bailey;
Guards, Neil Lsnhard and John Winter.
bourne.
Me. L.Ru. Davis. of Cha E..oep<<.
Tenn, only weighed 76 pound After
taking three bottles Of Tanlad lhe now
weighs over 100 pounds and u enjoying
the best Of health. L. H. Underwood.
The Keota news., 1921-12-09
Keota School Notes

Louis Sherman has enrolled In the
Freshman class Of Keota High School.
He came from Kansas about . year ago.
His home 10 south west Of Keota. Mr..
Dodder has hired him and we are sure
that he will be an excellent addition to
the school.
The boys basket ball team played the
Keota town team Saturday and beat
them 10 to l6. The men did credit to
themselves - they had no practice.
The School highly appreciates their
practicing with them.
For several days last week. al but
three Of the boys were dropped from
athletics on account Of low grades. In
the tests given the last Of tha week
marvellous improvement was shown:
their grades ranged from 80 to 100.
while their former grades ranged from
50 or lower and up.
Our coach has announced that he will
not tell any Of his athletes TO 60 TO bed
any more. but he u going TO keep quiet
watch md let the first oRense 60 with
few days on the sidelinss at practice.
and upon the second or third oRense. II
. very good excuse u not given. the
offender will b permanently expelled
basket from ball.
The Juniors have received their class
rings and seem to Be exceedingly proud
Of them. The praise other people are
giving them also makes them proud.
They are live. wide-awaks and bright
class alright.
Srd and 9Th Grades News Notes.
Gerald Hu9hston was absent Mon
day because Of IN attack Of tonsilitis.
II 10 the first time he has bsen absent
this year. and - yet be has never been
tardy.
The third and fourth grade children
have decided to have Christmas party
on Friday the 23rd.
"Denver" has earned another star
for their banner for no whispering aud
few tardies.
Dorothy Britt has been absent for sev-
eral days because Of illness.
The Keota news., 1921-12-09

)ra Sanders 10 quite sick with pneu-
be.
rs. Charles Dhooge left last week
Wilbur. Nebr.. to help care for her
her who 10 not we'll.
)eorge Jobbins and family moved
b their ranch south OF town. Satur-
and will spend the winter In Keota.
by are living In the old Fox building.
Remember that on Saturday. Dec. II.
1 ladies Of the N. E. church will give
lSAle Of Christmas articles and baked
DDS and candy. It will be good place
your Christmss presents. The
p will be In the room back Of the
IT office.
Guy vawter and wife returned Tues
y. from Pawnee City. Nebr.. where
: has been working. Mr.. vawter says
IL they saw no snow until they were
= this side Of McCook. Nebraska.
he Epworth League social that was
bounced last week. was postponed
ii . later date on account Of the
Hrm.
Arthur Rhoadarmer and Judge Els
iprth completed big Transaction Wed.
oDday afternoon. The Judge snapped
) running gears Of his wagon to Art
i the running gears Of another wagon,
6)oad Of straw. two pigs and . quarter
fbeef. Both parties seemed we'll salts
"a.
On Tuesday while trying to buck the
6ow on the hill two miles north of
Dwn. George Weber stripped the drive
)hion and ring gear on his Chandler six.
The only driver who made the school
oute with his car Wednesday was Allen
bore. He drove six miles in low.
William Dick and wife have moved
Iek on their ranch, Ave miles south.
st Of Keota. after spending several
~ Windsor.
The Keota news., 1921-12-09

Edd Bailey Wins Dsosss Club Medal
Club members who completed their
work are awarded gold achievement pins.
These are being given out at this time.
To complete their work It II necessary
for the club members to not only COM
plete the project ~ outlined but also to
show their sewing. corn. pigs. etc.. and
to turn In . record and story to the
County Club Leader: this makes the
club work stimulus to fairs.
The County Corn Club contest has
just finished. Tho prize winners are:
Leonard Bunch Of Sligo first. Forest
Roberts Of Platteville second. and Edd
Bailey Of Keota third. These boys re-
esived . silver cup. silver medal. and
bronze medal respectively. The boys
have . limited amount Of certified seed
for sale.
Organization work for sewing clubs
and pig clubs for The year 1922 has a.
ready started. Work has been done In
The Grout school. Pleasant Valley and
Ashton. A large number Of the last
years clubs still bold their organization
and are going on through for second
year work. Indications are that next
years membership will b larger and
achievements will Be much greater BE-
cause Of the large number Of second
year club members.
Nrs. J. Winterbourns spent the last
half Of the week in Buckingham. where
Rev. Winterbourne 10 holding special
meetings..
Mrs H. E. Barger. who hes bsen
visiting her daughter Mrs. ]. Winter
bourne, left for her home 10 Clidden,
Iowa. last Tuesday.
Foley has percales anb nehams on
the road. -
The Keota news., 1921-12-09
Tsoehefs Exaninatio0s

The next teachers examination will
be held on the Is and l6 Of December.
Highschool subjects will be given on
Saturday. the l7th. Two sessions will
be held, one at the Court House In
Greeley and one at Grover.
All teachers whose certificates ex-
pires before next March and all those
whose certificates have been endorsed,
GOOD until the next examination"
must take the December examination.
C. w. Martin
Co. Supt. Of Schools.
The Keota news., 1921-12-09
Bsekinsha,n News Items

The gospel meetings being held at the
school house by Rev. John Winterbourns
ase being we'll attended considering the
condition Of the roads. Mrs. Winter
bourne came down from Keota to b
with her husband for few days.
Mrs. Bennett who has bad pneumonia
u reported - much improved though
not able to be up yet.
James Trumbo and Herman Lingle-
bach went to Briggsdale. Wednesday.
Prof. Greene spent the week end At
his home near keota.
Mr.. and Mrs. Poush and little son
were Sunday dinner guests at the Moore
home.
A Fathers and Sons Club was Or
ganized here last week by Rev. Winter
bourne. A get-together meeting and
banquet 10 to be held in the near future.
Mrs. J. H. Trumbo returned from
Denver Wednesday. after spending
several days visiting with relatives
there.
Mr.. Hughes 10 spending several weeks
with his mother and other relatives In
Kansas.
Members Of the choir met at The home
Of A. L. Rupp Sunday afternoon. to
prepare music for the revival meetings.
J. n. Bowles and wife. Of Port
land. Ore. are here for . short visit
with w. K. Bowles and family at their
ranch one half mile west Of town. Mr..
and Mrs. Bowles have visited eleven
states In their trip but still are Of the
opinion that there 10 no place like home.
Tanlac is appeti.ing hda6vigorating.
Try II today. L. H. Underwood.
The Ordway new era., 1921-12-16
The First Christmas Tree

Many years ago-very years small party
of landed from boat rocky coast The men
inhospabe shore the shore of
barbarian England F%@ E% vi sias&s
The party headed by Joseph of Arimathea and
people of England, for the first time, of
Jesus. who died for and
The natives would have nothing to do with them-woud
isten go give them food For days they
travelled chill and hungry until desparng Joseph sank down
his staff into the ground To the
pilgrims stick began bud the buds turned in
fragrant unfoed before their asonshed
eyes
1T is sign from God! said Joseph. HE bids have
courage. settle here and preach about Jesus.
They built a rough house and chapel alongside the little
many years that replaced with beaut
full Glastonbury Abbey.
But the lived all through Josephs life and long after
and it is said that it blossomed every Christmas Eve.
Such, friends is the beautiful legend of the worlds first
Christmas And that why little hildens Christmas
be of bare branches but be greenboomng
Blooming, blooms the eternal life of the of Galiee
for all humanity.
The Ordway new era., 1921-12-16
CROWLEY BRIEFS

Mr. and Mrs. ]. C. Mcclure went to
Pueblo Tuesday and Mrs. Mcclure
left the same evening for a few
weeks visit with relatives in Mound
City. Kans. Mr. Mcclure has had
undecided ON just where they would
locate. They have made host of
friends in Crowley who regret their
leaving but wish them success in their
new location.
Henry Conklin and son, Bill, We're
passengers TO Pueblo Tuesday.
Nap Strickland went to Pueblo
Monday to be with his brother doc"