davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04
Annuity Good for Aged CoupIe

0uestion-Yo reply to Doomed Man"
IN today issue has prom pied me to ask
YOU Tor sdvice in my case. My wife and
L., are both past seventy five years of age.
We have about $1,000; $4,000 Is in a first
noftssge on farm and 81 600 In Liber-
s,ss or nd the aifSsrent issues We have
ADVISE US 10 sell $4,000 worth of the LIB
er1les and invest $500 for each one OF US
IN n, k1nedon Of Norway ss and $1,000 each
IN an annuity? How much annuity can
we at our age expect from 81 900 in
seS.ttnens Are such companies perfectly
1, WIN you kindly explain how
IN touch with them? You see 1t is cur
rent income we need, with little free
pr'neipal for an emergency.--J. l.. s.
Answer - Life insurance companies
will issue to. couple aged 7s an an
nuity Of $122.7o yearly, or s2ss4 quar-
terly, as long as either of them lives,
for each $1,000 principal. That is a
rough calculation, because you did not
give US your exact ages. Thus, your
income, if you put the $1,000 into an
annuity, would be about $S5S9O year,
more than IL per cent, compared with
the $3.50 or whereabouts which you are
now receiving, and in addition you
would have no care or worry, and the
yield would be safe. An annuity is q
combination Of the interest received
on the capital invested and the yearly
repayment Of part OF the principal sum,
based on your expectation Of life. AT
the death Of the annuitants what is left,
if anything, goes to the insurance COM
pany We are informed by one insur-
ance company that annuitants on an
average live beyond their allotted span,
because, for one thing, they have no
financial worries.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04
Balance Sheet
Of [. M. M. Shows
Better Position
Assets Increased and Liabili-
ties Decreased i'm 1920;
Earnings Figures Differ
Little From June Report

The consolidated balance sheet of
the International Mercantile Marine
Company and its subsidiaries as of
December 81 last shows an improve
ment compared with the preceding
year both as to an increase in current
assets and reduction in current
liabilities. The income account con-
tanned in the annual report issued to
stockholders to-day shows practically
no changes from figures made public
at the annual meeting on June 6. The
holding company's surplus after charges
amounted to ss,so7,2s3, equivalent to
s16,06 share on the $51, 725, 900 pre-
ferred stock outstanding, contrasted
with $2506 share earned in 1919.
Total current assets at the end of
1890 were valued at s96,514205, con-
trasted with $89,232,162 reported on
December 81, 1919. This increase Of
S7,2S2,0 43 was accounted for largely
by jump Of nearly $19,ooo,ooo in
the value of the company's marketable
securities. Current liabilities at the
close of last year amounted to $780,
013, against $65,709,097 the preceding
year. The following table discloses in
detail how the various items in current
assets and current liabilities compared
with 1919.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04
Measure Gives Power to
Suspend Cotton Exchanges

WASHINGTON. Aug. 3.-Senator
Hefiin, of Alabama, introduced in the
Senate to-day joint resolution to au-
thorize the Secretary of Agriculture to
suspend the operation of cotton ex-
changes whenever the conduct of any
exchange is detrimental to the interests
Of the producers.
1t is provided that whenever as many
as two commissioners or secretaries of
agriculture and two governors in the
cotton growing states complain to the
Secretary of Agriculture of the conduct
of any cotton exchange, he shall imme-
diately notify the exchange and require
the conduct complained of to cease, pend
ing the hearing and disposition Of the
ease
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04

the closing quotation on bond into
the rate Of interest 1t pays, and the re-
suit 1oiu be the annual return If the
bond is selling beloso par you must
ollow also for the appreciation Of the
principal To do this subtract the mar
ket quotation from par, or 100, and d.
eide the remainder by the number Of
gears the bond has to rtn before mo-
tarity. For example, If q 6 per cont
bond IS selling at 90 end has ten years
TO run, the annaal return toiy be $50
per cent. The difference betWesn par
and the market price sOiH be 10 points,
su5tractinq 80 from 100. Divid.na ten
points 6g ten gears, the quotisnt s0iu be
/. This figure is to be added to 6.ss,
which IS the annual return, and the re-
suit, 7.s6 per cent, will give yox the
approximate yield.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04
The Market

The market in listed bonds continued
yesterday to display breadth and
strength. Foreign government issues
were active and the French government
IS went from 1905 to 1O0a4. while the
712s rose to 9s1a. San Paulo IS moved
to 99ls. In the railway department the
Grand Trunk Is touched 1O3. Bond men
continue enthusiastic about the bond
market, and predict higher prices. A
number of new issues are in the making,
including a S7,5OOOO0 Uruguayan loan,
which will probably be offered around
an per cent basis.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04
Midvale Steel Deficit Y,ess

The Midvale Steel and Ordnance Com
pany reported deficit for the quarter
ended June so. after charges, taxes, de-
probation and depletion of 81, 2s9,39s,
compared with deficit of 81 1856, 200 in
the preceding quarter and a surplus Of
s4,S49 ,498, equal to SILT share earned
On the S100,000,000 capital stock, at $50
par value, in the corresponding quar-
Yer of 1920. Loss, after provision for
taxes, amounted to sS7 400, against a
profit Of sc, $50 ,213 in 1920.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04
Pacific Gas Earnings

For the six months ended June 80 the
Pacific Gas and Electric Company re-
ported net income. after operating
expenses, of s7,259.S1 an increase OF
S145S. 500 over the corresponding Pc
Rod of the preceding year. Balance,
after common and preferred dividends,
Melted $3.50, 5S4,e an Increase of SABA ,066.
Net income for June amounted to ST.
251 las, an increase of S232,310 over
June year ago. and the balance $780,
202, a gain of $ls7,540.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04
Good List Of 500 Bonds

Ouostion.-As a reader OF the Tribune
7 would appreciate what you think of the
Libby per cent. 1881; French Republic
71as. 1914; Northern Pacific 6s, 194T; E. l.
du Pont de Nemours 73as. 1881. Can you
tell me the name of good house that will
buy these bonds On the partial payment
plan &C. NJ q
Answer-The bonds you list are all
good, and made we'll balanced selec-
ton, we think. We do not recommend
brokers or other financial concerns, as
Individuals
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04
Court Hats Trolley Cars
Judge Stops Des Moincs Lines,
Operating at Loss

DEs MONIES, Ia, Aug. s.-Des Moines
tomorrow will be streetcarless city,
The lines-ninety-two miles long
ceased operating tonight on the order
Of Federal Judge Martin j. Wade.
Unrestricted jitney competition made
it impossible for the receiver, F. c..
Chambers in whose hands the lines
had been for several years, to make
running expenses.
An Scent fare was being charged
when the lines closed. Formerly a s.
cent fare was charged.
Jitney buses Of various styles are
trying to carry the people
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04
New York Metal Market

On the New York Metal Exchange Tn
was weak with Straits shipments ard
standard quoted at $500 to. $500 ARD
80 per cent at 24.25 to $3.50. Coppe-,
weak. standard spot, August and Sen
TENDER $50 and electrolyiic spoil,
August and September at 1900 az
asked Lead dull, New York spot Az
asked and East st. Louis spot 400 aeked.
Zinc quiet, New York spot 4.55 and East
st. Louis spot 4.25 asked.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04

cumstances. The Rock Island, Arkan
cas- Louisiana depends on the OUT
come of the railroad situation for it's
value, the Mexican Petroleum on the
oil situation. and the Cuban American
Sugar on the sugar situation The
Chesapeake & Ohio general AIS also
are somewhat dependent on the outcome
of the general railroad situation, but
on the whole we think your list has
good diversity and high degree Of
safety.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04
Days NesU Issues

y Blyth, Witter & Co. and Cyrus
Peirce e. Co., Of San Francisco, are
Offering at par $2,50o,O0O East Bay
Water Company unifying and refund
ing mortgage tifteen-year IA per cent
gold bonds.
B. J. Van Ingen & Co. are Offering
1881 900 City of Hoboken coupon or
registered school per cent bonds, to
yield per cent. The issue is dated
August Is, 1921, and runs for one
year.
Halsey, Stuart & Co., Paine, Weber
& Co. and Eastman. Dillon & Co. are
heading a syndicate which is Offering
81, 900 Empire Tank Line Company
ten-year per cent equipment trust
certificates at 991z and interest, yield
ing about $40 per cent. The certif-
Gates are secured by title to 2,037
standard ail-steel tank cars, the total
replacement value of which has been
appraised at $4,443,820.
The recent Offering Of $1,000 900
WEIGH Grape Juice IS, due August /,
1881, has been oversubscribed. The
issue was offered by Harvey Fisk &
Sons, Inc, and P. w. Chapman & Co.,
Inc.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04
Investment
Information

Questions Of general interest to IN
vestors iofll be ans10cred in this col
un1n, IN Which case only Initials ~il
% Used. Others Oiu be ans10ercd by
maxi! Address all inquiries, taclos-
ing stamped, addressed cnvelope, 70
Financial Editor, The Tribune, ISL
Nossau Street, New York City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04
Woman Has $4,000 to Invest

Question: have been advised to invest
about $4,000 in the following securities.
Would you be kind enough to give me
the benefit of your experience and tell me
what you think of them? $1,000 Interna-
tional Mercantile Marine 6 per cent, $4,000
Rock Island & Louisville 4 u per cent,
$4,000 Chesapeake Ohio (generaD IA
per cent, ten shares Atlantic Refining
preferred, per. cent; ten shares stand
ard Oh of New Jersey preferred. Z per
cent; $4,000 Swiss 20year, 1870, per
cent; 5000 Belgian, 1945, 7ia per cent.
$1,000 Standard Oil Of California, 1881. Z
per cent; $1,000 Northwestern Bell Tele-
phone, 1884,, per cent; $1,000 Mexican
Petroleum. 1888, per cent; $1,000 Penn
sylvania Railroad. 1890 per cent; $1,000
Canadian Northern debenture. 1870, per
cent; $1,000 Diamond Match, 1898. Z II
per cent; $1,000 Montana Power, 194S,
per cent 81. 900 United States Rubber, 1947,
per cent: 1000 Du Port, 1895, IL per
cent; 81, 900 Cuban American Sugar. 1881,
per cent; $1,000 Atlantic Refining. 1891.
ca per cent; $1,000 Westinghouse Electric
1o-year. 1891. per cent; $1,000 United
Kingdom, 1882, 5h per cent-Mrs. c. s.
Answer-The only three bonds on
your list which are not thoroughly
good, in our opinion, are the Rock Isl
and, Arkansas & Louisiana (not
Louisville) first AIS, Mexican Petro-
leum IS and Cuban American Sugar IS.
All three of these we consider good in
vestments, but each of them has an
element of doubt under present cir
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04

The Tribune prints each day the ma
t'vaty dates Of all active bonds quoted
on the Ncw York Stock Exchange. The
return or bond TO the ancestor depends
upon three factors; the rate of interest
tho security bears. the market price
and the distance Of the .matuvity date.
To figure the preciss yield on bond it
is necessary to use yield tables, bat the
approximate yield can roughly DO figured
out by the following formula: Divids
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04
Current assets:

Current assets 1920. 1919.
Accounts receivable 20 477o54 81 026,12
Interest receivable and
accrued Zy4,9l1 ilt. 1913
Marketable securities IS. $500 ss,sss, oss
Current liabilities: ''NN'''' ''''V''''
Loans. bills payable
and foreign bank
xsTsasfis sssss5a issssss
Interest payable and
Agency balances ..... 1.isS.77i s42,3s1
Preferred dividend =. 1.551.765 4.1Ss.o4o
Reserve for liabilities. s67e,4 ABB 6.419,s75
The net result of operating the In
ternational Mercantile Marine Com
SS,S05,969, compared with $17,062,912
the year before. In the estimate pre-
sented at the annual meeting the 1920
net was given as $9,440,l58, so that the
final figures showed nn increase of
more than S460,000 ovec the prelimi-
nary figures.
Gross earnings for 1920, after pro-
viding for the British excess profits
duty, totaled $12s,277,61O, an increase
of $41,674,59O. The decrease in net
was brought about through an increase
OF S48,7sa,Ssa in operating expenses,
including United States income tax,
excess profits tax and British income
tax, also interest on debenture bonds
of subsidiary companies.
The increase in ma rketable securi-
ties, as shown by the balance sheet,
was due largely to the purchase in
1920 of 1887 ordinary shares and
82,162 preference shares of Frederick
Leyland & Co.. Ltd The international
Mercantile Marine Company now owns
all Of the ordinary shares and all but
go Of the preference shares
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04
United States Treasury Notes ane
tificateS Of Indebtedness
Short Term Securities

acceptable in payment of Federal taxes
on the dates Of maturity.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-04
Days Dealings in Bonds

| : -. ~
Mob & Ohio
As st L &
Cal div 1885
/ 10 -. rs
Mont Power
60 16fn
The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1921-11-11
Sent to Hospital
for Treatment

Herman William Jones, of Flat
River, % years old, was examined be-
fore the County Court Wednesday
morning as to his sanity. His mother
appeared to be the only witness to
testify as to his unbalanced mental
condition, which seems at times to be
abnormal. 1t appeared that at
times young Jones would lose all con-
troll of himself, especially when he be-
came angry. He appeared to be
lacking in self-control, and on several
occasions has worked himself up to
what appeared to be epileptic fits.
But when at himself he seems unus-
ualIy bright and agreeable.
The County Judges decided it was
advisable to place him under treat
ment at State Hospital No. 4, in
the hope that he may be able to get a
better hold and control of himself, He
received this decision in philosophi-
cal way, and stated that he knew he
was at times mentally weak, and was
willing to do anything that promised
an improvement in his condition.
The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1921-11-11
Preliminary.
Hearing Waived

A number of witnesses were sum-
moned for IA preliminary hearing of
the case of John Griffin last Friday,
who is under arrest on suspicion Of
having assassinated Chris. Steagall
near Bonne Terre, on Jan. 5, 1918.
Griffin and Steagall's widow, who had
been living together in Reynolds
county for the past two years, were
recently married. Mrs. Steagall is
charged with having been an acces-
sorry to the crime.
The preliminary hearing was to have
come up in Squire zolman's court,
but was waived by the defendant.
Griffin and Mrs. Steagall were both
given their freedom, on bond to ap-
pear for trial at the regular term of
circuit court, which convenes next
week.
The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1921-11-11
More Than 1,4OO
Hunting Licenses

County Clerk Marvin w. Crowder
reports that he has already issued
more than 400 hunting licenses for
this season, of which almost two hun
dred are State licenses. This is an
other indication, as strong as you may
desire to think it, of the excellent
prospects for shooting during the sea-
son that opened yesterday. Quail,
squirrel and rabbits are known to be
plentiful, while many ducks are re-
ported being drawn to large sheets of
water in this vicinity, and report has
it that there are quite number of
turkeys using the hill country of this
and adjacent counties.
The Times believes the large num-
ber of hunting licenses issued in st.
Francois county this year indicates
greater loyalty to the law on the part
of our citizens than most other coun-
ties in the State. Even in comparison
to population, we doubt if that record
can be duplicated by any other coun-
ties. We have heard of some counties
where hunters generally appear to for
get that there is any such law. Which
indicates that there is still need of
great activity on the part of the
State Game Warden and his deputies.
The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1921-11-11
Rabid
Dog Bites Child

Mrs. Boyd, recently of Doe Run,
who has bought the DR.. Eugas resi-
derce, into which she has moved her
family, is now distraught with fear
for her 4-year-old son, who was Bit
ten on an arm Sunday morning by her
dog, which had been a family pet.
After having bitten the little one, the
dog developed signs of hydrophobia,
and until Wednesday morning was
kept fastened up in the woodshed.
Then the animal became so threaten
ing in its demeanor that Marshall
Hough was sent for and the dog was
killed.
Immediately after the child had
been bitten, DR.. Watkins was called
and he treated the wound. but as the
dogs symptoms became worse the
fear increased in the mothers heart
for the welfare of her babe, and it was
decided to take the little one to St.
Louis for further treatment. DR.. Wat
liins left for the city with his patient
Wednesday afternoon, taking with him
the head of the dog for examination.
Many friends of the family anxiously
await a diagnosis of the case.
The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1921-11-11
Some Changes a
Year Has Brought


A brief space of time often brings
marked changes in the economic con-
ditions of country and its people,
especially following a change in adj
ministration of the country's affairs.
The Times believes, however, that
never before in tie history of this
country has such drastic changes been
brought about, in such brief lapses of
time, as have occurred during the past
year, when this country is at peace
with all the world 4,.
We feel it may be beneficial to many
of our readers to cite briefly few of
the changes that have thus suddenly
taken place, right here in st. Fran
co.'s county. Only one year ago the
Republicans were celebrating the elec-
tion of President Harding. Then pros
perity was more apparently at hand
than it perhaps was ever known be-
fore. Everyone had money. and all
who wanted it also had work. Even
decrepit old men, who cannot possibly
secure work now, then had regular
employment, and at wages the pres
ent contemplation of which is calcu-
lated to make ones head grow dizzy.
There was too much prosperity to
bring contentment In fact such an
unwonted degree of prosperity ap-
pGrently added to the general discon-
tent. The public mind had become To-
coed with superabundance of good
times and easy money. Something
else was apparently desired, though
just what that something elese" real
ly was would have been impossible at
that time to define. For one thing
there was a general dissatisfaction
with everything, as was abundantIy
attested by the vote for President
Harding. Then Something else" was
forthwith handed out to them, and the
general public did not know, until they
really got hold of it, that the Change"
was not what they had desired.
In this connection, it might be of in
terest to compare the wages that were
paid in the lead belt in 1920 with those
of the present, as well as the cost of
some of the articles of food for the
same periods. These figures were re-
Gently secured and can be depended
upon:
The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1921-11-11
A Genuine Old
Folks Home

Last Sunday The Times editor and
wife enjoyed the privilege and pleas
ure of visit to the new home in the
Arcadia Valley now in course Of con-
struction for the Baptist Home,
which is for the convenience and care
of the old people of that denomina-
tion who may have become dependent
by advancing age. The old home in
lronton has long been over-crowded,
and the new venture is largely the
result of the untiring and well direct
ed efforts of the superintendent of
that institution, DR.. Milford Riggs,
whose splendid work in this regard
will perhaps stand for ages as a liv-
ing monument to his foresight and
energy in such humanitarian cause.
The location of the new home is
about mile south of the Arcadia
Valley depot, the splendid property
being the former Long farm, already
splendidly improved, at a cost to the
former owner of perhaps $4,000,
which was purchased for its present
purpose for $4,000. There, adjacent
to the excellent Long home, on a
splendid elevation that appears to have
been created for just such a purpose,
stands the new home that is now well
along toward completion. Down the
long grassy slope to the front lies a
large lake of limpid water, while
splendid panorama is presented of the
beauty of the surrounding country, in
whatever direction one may look.
But the large and splendid building
being erected there is the crowning
glory of that picture. 1t will be an
immense structure, built entirely of
red granite and reinforced concrete.
1t will be four stories, with elevator,
sun parlors, assembly rooms, etc,
and each bed room will have large
double windows. 1t will be a real
home for the old folks who are des-
tined to spend their declining years
there, in peace, happiness and con-
tentment. 1t will be home that any
one should be proud of. and an insti-
tuition that anyone should be pleased
to assist. The construction work is
in the competent hands of G. A.
Buckley, competent builder of that
locality, who is Producing the best
possible results at minimum of cost.
Already the work done appears to
represent $4,000, though Mr.. Buckley
told us that less than half that amount
had actually been expended, and the
work is all being paid for as it is
done
The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1921-11-11

Francois county is drying up. The
circuit court has 25 cases against Ii
quor law violators and there has been
$4,000 collected in fines. Jail sentenc-
es are so numerous, for the moonshin-
ers are often poor, that it began to
pinch the county. A bill for almost
$500 for prisoners board one month
caused an order to be issued, and now
prisoners may enjoy outdoor "exer-
else" on some of the rock roads in the
county.
The Exercise" on the road may
have as good an effect as heavy fines,
but whatever the effect may be, the
county is drying up. What moonshin-
ing is now carried on is done carefully.
The mash is not left at one place long
er than day and the man who dis
fills, pays a visit by appointment and
takes toll. These walking" stills are
hardest of all to catch. but they are
the hardest to run-hence they are
not plentiful.
The real still, with its barrels of
mash, copper boilers, worm and cool
ing tank, is far out in the hills and
near the county line. The trickleS
from liquor that once ran rather free
ly, are about dried up. Another six
months, and the last drop will be abb
sorbed.