davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
South American and Other Bonds

.SueStion-Will you kindly send me n list
~ zen or ntteen bonds which safe.
thar ten 10 vs.r per h cen. Interest run more
appreciate and have a ready market also :
nov own Liberty honds or all issues
and French and Belgian latest issues Am
"isihctined to invest IN more foreign bonds.
although those az the Swiss republic ay,-
pear very attractive 10 me. believe you
90 not think so we'll Of these foreign
PONDS 90 although | may be mistaken. What
Go you think of the new Chilean issue and
Would bonds of the South American re
puolics appear to you safer than those OF
the European countries E. l. Il.
Answer-We think we'll of the Swiss
ponds YOU mention and believe they
have higher degree of safety than
the South American issues. The Do
minion of Canada bonds, some Of which
would yield nearly T per cent, namely,
those due in 1926 and 1929, we CON
slder good investments at prices that
give an attractive yield. Southern Pa
chic convertible As, Union Pacific con-
vertlble As and New York Central de-
oenture IS all yield over per cent at
present market prices and, in our opin-
ION, are good investments. The follow
ing fifteen bonds we consider good in
yestments: Southern Pacific Central
Pacific As, 194e, at 70, yield COG;
st. Louis Southwestern first As, 1889
at 81. yield sos; New York Cen
tral collateral Is. ten-year, 1880, at
lol' yield 6.S3; New York Central e.
hudson River debenture as, 1912, at IS,
yield 6.13; Atlantic Coast Line &
Northern collateral As. 1852. at II.
yield SOP; Colorado & Southern first
As, 1929, at 50, yield 712; Kansas City
Southern first IS, 1850 at 80, yield 6;
Montana Power first 5s, l943, at IS.
yield Gig; American Telephone &
Telegraph collateral SIS, 1916, at 10,
yield 646; Illinois Steel debenture AVS,
1910, at 81, yield COL; New York Tele-
phone first and general 4hs. 1889, at
e, yield GAG; Standard Oil New York
Is, 1881, at 100, yield 7; Standard Oil
California is, 1881, at 100, yield T; At
lantic Refining 6 las, 1881, at 991a yield
6.5; Anglo-American Oil IN, 1925, at
1909, yield IA.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
Present Smelling
Management Says
Election Is Sure
Controls IS Per Cent of
Proxies for Meeting To-
day, it Insists; Eilers Fac
ton May Present Ticket

At least rs per cent of all the nroY-
les winch Will be presented at the an
nual stockholders meeting of the
American Smelling & Refining Com
pany in Jersey City to-day will BE
voted for the retention of the nresent
management, according to a statement
issued late yesterday by the company.
IL was announced that out Of 1,100, 900
shares 636,294 were voted in 1920.
596,713 shares in 1919 and 61s.031
shares in 1918, in all Of which wears
there was no contest for control of the
management. ~
Despite the confident announcement
OF the company, the indications were
that Karl Eilers, former vice-president
and director, who has issued an indie
pendent call for proxies, will present
a ticket for election to the board of
directors distinct from the Smelling
management.
This year, with a vigorous effort to
prevent the reelection of the present
management" said the Smelling com
pany's statement, "the proxies which
have been sent in to be voted in favor
of that management exceed in number
OF shares represented the total num-
Der Tor all purposes voted at any of
the last three annual meetings. There
mas, of course, during that time been
no increase in the number of shares
outstanding, although the number of
\
by about 1000.
mot only have proxies for the ag-
gregate number Of shares been sent in
to be voted by the proxy committee
nominated by the present management,
but these proxies represent a majority
of all the individual registered stock
holders"
The company announced that the
candidates of the management for the
board of directors will include ten men
not holding official positions and eigh-
teen holding such positions. The list
of those to be proposed for election
to-day not holding official positions in
cludes Daniel Guggenheim, Merrill P
Galloway, e-president Guaranty
Trust Company; F. j. Leary, vice
president Central Union Trust Com
pany; Benjamin Joy, vice president
bhAhSIo oOiApduyr ILSQGIlNh .
Walker, agent Royal Bank of
Canada, New York branch: Wlfred
Shore, Irving National Bank, represent
ing Dutch interests; f. C. Jameson.
president Globe & Rutgers Fire In
surance Company; f. B. Schley, of
Moore & Schley, whose father was one
of the organizers of the company; Ly-
man Candee, member New York Board
of Underwriters; W. S. Mccormick,
president Mccormick National Bank,
Salt Lake City, and Waiter 7. Page,
now acting in consulting capacity to
the company.
The officers proposed for election are
Simon Guggenheim, president; Francis
H. Brownell. vice-presdent and chair
man of finance committee; c. W.
Whitley, William Loeb jr, H. A. Guess,
II. A. Prosser, vice-presiden John c.
Emison, treasurer; F. R. Raft, Hamil
ton M. Brush, John N. Steele, Charles
Earl, willard S. Morse, G. P. Barthol
omew, F. W. Hills, c. A. H. de Saulles
and Roger W. Strauss.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06

cent made the inside money market
artificial
In the words of the broker who
handles money for large private
banking house there were barrels of
money available yesterday. The piling
up of funds here was accounted for by
the heavy importations of gold in re-
cent weeks, the transfer to New York
banks Of large amounts of money paid
to the railroads by the government in
settling accounts with the carriers, and
steady flow of funds from interior
districts in the course Of normal trade
activities. The statement of the Fed
eral Reserve Bank of New York at the
end of last week disclosed the tendency
of money to accumulate at this center,
and it was evident yesterday that
point had been reached where lending
institutions were having difficulty in
putting these surplus funds to work.
Banyers generally were of the opinion
that easy money conditions would con-
tinue for time, probably we'll into
May, if not later, although it was
pointed out that temporary periods of
might be expected.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
Why Fertilizer Stocks Have Summed

tsuestion-Wili YOU please give me your
opinion as TO the intrinsic value of Inter
national Agricultural Corporation stock.
both common and preferred, and it's de-
STABILITY as an investment at the present
market prices? Would also like to know
If there is any explanation OF why the
preferred stock after deducting the accu-
tnuiated unpaid dividend has been worth
less, and at present about the same,
the common stock.-J. r.
Answer - International Agricultural
common and preferred stocks cannot be
regarded as investments. No dividends
are being paid on the common. The back
dividends on the per cent cumulative
preferred amount to more than 40 per
cent. The company is q big producer
Of fertilizer. The fertilizer industry
just at present is in an unfavorable
position by reason Of the slump in the
prices of farm products, which is
likely to result in reduced acreage
Of crops this season, which in turn
means reduced demand for fertilizer.
The company is paying dividends on
the preferred stock at present at the
rate of per cont a year The stock is
entitled to Z per cent. The low market
position of both classes OF stock is not
surprising in view of the present earn
ing power OF the company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
} Urges Canadian Sales Here
Curtailment of Buying Held To
Be Only Half Remedy

TORONTO, April 5.-To offset an
adverse trade balance let Canada in
crease her exports to the United States
rather than curtail her imports, urged
Lieutenant Colonel John A. Cooper. for
eighteen months director of the Ca
1Tadlan Bureau Of Information in New
York, IN an address to-day before the
Toronto Board o. Trade.
declaring Sir Henry Drayton's plea
ID Inc people TO buy only Canadian
mace goods was only half remedy, he
u'ged appointment OF corps of Ca
aaaisn trade representatives to comb
.ae american market for opportuni-
mss 10 increase the Dominion's eX-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
Denies Durant Is
Buying Control of
Studehaker Corp.
Erskine Also Asserts He Is
Not Seeking Domination;
Company in Prosperous
Condition, Sales Bi e

A. r. Erskine, president of the Stude-
baker Corporation, at the annual meet
ing Of stakeholder in Jersey City yes
terday, denied that an effort to obtain
stock control of the company had been
made by ". c. Durant, along with him
self and F. s. Fish, chairman of the
board of directors. H. A Biggs was
made a member of the board to sue
coed George NJ. Studebaker, who de-
clined reelection.
I've know of no interests that are
trying to obtain control Of the corpo-
ration and believe such an undertaking
to be extremely unlikely" Mr.. Erskine
told stockholders. Eve have not been
nor shall we be interested in acquiring
a controlling interest in the stock of
the corporation. In fact, such an effort
by any one would, in our judgment, be
hostile to the best interests of the cor
poration, its customers and its stock
holders
Sudebaker Corporations sales for the
first quarter of 1921, Mr. Erskine said,
were beyond anticipations and net
profits substantially exceeded dividend
requirements on both the preferred
and common stocks. Sales for deliv-
cry in April, May and June, he stated,
are far in excess Of any previous years
in the company's history. Efforts are
being made to increase production,
with the expectation Of selling 10000
cars in the second quarter
In March the company retired 50 800
600 of bank loans and has now $1,000
600 owing, with over 100000 as a
bank balance. Mr.. Erskine said that
outstanding bank loans would probably
be hquldated before the end of the
summer
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
''Borrels of Money! Auoilable
For Loans Here, Says Banker
Wall Street Enjoying First Period of Easy
Rates in Many Weeks; Call Funds Negotia-
ted at AZ Per Cent i'm the Outside Market

Wall Street is enjoying the first
period of money market ease in many
weeks. and yesterday call loans were
negotiated at the Stock Exchange at
51a per cent, the lowest basis since
November %. while in the outside
market demand loans were arranged on
basis of as low as u per cent.
Brokers who had money to lend for
the large downtown banking institu-
tions said they had difficulty in pac-
ing the funds at their disposal At
one stage in the afternoon one dealer
had $2,500,000 in money to put out on
call, but he found it impossible to find
a borrower at the 4 Il per cent rate
and the money went begging.
Financial experts estimated that not
more than 10 per cent of the total
business done in call loans in the
Street yesterday was put through the
machinery of the Stock Exchange
money market. The efforts of the Stock
Exchange authorities and banks to keep
the exchange rates pegged around per
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
Financial Items

AZ Ds senne vile K seo,e,, for,,,o-,,. aeao.,.
the hwlth Lee Hlgginsor 6 e. has hccornc
gucsnr 81 tne Investment department az
Dlllos *S4th9ry K 20. in New York
isrisn raca isr@a & 60. announced that in
FOR the tos tp's or William a. Read g. Co.
Il The IN year per cent gold debentures
lorna ;, slandart OH Company of Cali
dsbentarsssy now be exchanged for defnitive
espts at >, upon the surrender OF the re-
Conn., the office OF the EouitabIe Trust
s,s sSns 81 New York
sorstu,oonr Eers of tho Msrncaibo OIL Ex-
isllowi.r CORPORATION yesterday elected the
tsssiaesss directors =, William Wallace Meln.
r. ,Esoasslte seerei lass RssSasns r.
eany III the International Nickel Com
g. ia spg,, l.o,lns r.. or George 4 HUM
add 4 'hEton W. Jackson of w r.
!.5cxhse;, ". .. Ticknor. Of the -esooerich
|ssnsuIsln~ company. and r. &. Warmer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
Memorandum Plan Revived
'ur'her indication of Price Cut
in Cotton Goods

sl,rtner indications that new prices
.o 10Y eleached cotton goods are not far
on lies in the resurrection Of the
memorandum" method Of accepting
s ,susfs Tor future delivery. Buyers say
Ia Nay several OF the leading commission
, aouses selling branded bleached cot
,Oas are now putting orders on memo
later. s-~' 20 De dese'i''' LIEU
il MS us method of doing business has
ne supporters and opponents during
"a .se Uncertain days in the late months
IA sas' Year, but was found by many
gooSs a successful method of putting
s snuss INTO distribution when ali other
svs- sss failed. 1t is recognized. how
and merely as "stop-gap" method,
pol.ras not advocated as a permanent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
American Thread Company Bonds

observation-disclosures give me some infornla-
ton about the American Thread Company.
Would you consider the per cent note.
1928. a good investment when safety first
is required IN. Z. p.
Answer-The American Thread Com
pany gives out little information to its
security holders. In the fiscal year
ended March 81 the company had. after
paying interest, S3.616,756 available for
dividends and surplus 1t paid per
cent dividend on its preferred stock,
calling for s244,524, and a dividend of
$3.50 600, or l 5 per cent, on its 200
600 common shares, par value SO each.
The company has outstanding an issue
of $4,000 GOO first mortgage bonds due
1928, and there is mortgage of S175,-
600 on the building at $50 West Broad
way, which the Wool Exchange owns,
and the Wool Exchange is in turn con-
trolled by the American Thread. Such
information as is available would indi
cate that the notes or bonds due 1928
are sound investment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
First German Gold
Since Before War
Reported Shipped
Local Bankers Deny knowl-
edge of Rumored Transac-
lion; Silver From Ham,
burg; Austrian Coins Also

The first German gold to be shipped
to the United States on private &C
count since pre-war days is reported
in local banking circles to be on it's
way to New York via Scandinavia.
Bankers who had heard of the ship
ment said yesterday the amount in
volved is approximately 100000.
The purpose of the transaction is
not known here. or have local bankers
knowledge of the identity of the con-
signees. To ship gold out of Germany
it is necessary for individuals to OBJ
tain permission of the German govern
ment and the Preparations Commission,
and it is understood that this particu-
lar consignment was struggled from
Germany to one of the Scandinavian
countries.
Another interesting development yes
terday was the announcement of the
arrival of 100000 silver marks from
Hamburg The metal was consigned
to order and the shippers were J.
Berenburg Gossler e. Co.
Small amounts of Austrian coin have
been shipped here recently. 1t is pre-
sumed that this gold has been snug
gled out Of that country
Kuhn, Loeb & Co. are bringing
100000 in gold from Sweden it was
announced yesterday The firm has
been the largest American importer of
gold from London during the past
year, having brought in upward of
Sl25, 900 900.
At the present gold is being shipped
to the United States from all quarters
of the globe, India China, Australia,
England, France, Sweden, Holland, Ger
many, Austria and certain of the South
American countries contributing to the
American supplies Of the metal
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
Switch Would Weaken Holdings

Question-Ioo you think the following
shift advisable from the standpoint of Sc
ruri+y OF prime lpalto substitute Hudson
& Manhattan refunGing 5s selling around
50 for Southern Railroad 49, due 1856 p
Answer-We think that you have
formed sound Judgment in regard to
the Missouri Pacific situation. The
weaker roads are in an uncertain posi-
ton until labor and other difficulties
can be worked out. We would rank
among the bonds your Swiss IS. first;
YOUR New York Central Is, second;
YOUR Bell Telephone of Pennsylvania
rs, third, and Standard Oll OF Cah-
fornia Is. fourth AS to the two pre-
ferred stocks, Standard Oil preferred
ia high grade and ranks very consid-
erably ahead of Bethlehem Steel pre-
ferred because for one thing the oil
company has practically no funded
debt
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
Tempted to Buy Sears-Roebuck

Quesfion-A friend has advised me to
buy several shares of Sears ROebuck at its
present low selling price. I would like to
invest in stock that has moderate safety
and vet will have high selling value as
conditions return to normal DO you think
Sears Roebuck viii answer my purpose?
p. J. u.
Sears-Roebcuck stock ia too
speculative for us to advise you about
buying or selling it. There are good
reasons for the decline in its price.
We have no way Of telling now whether
its fall has fully discounted the ad
verse factors in the situation. The
company has 100000 900 short term
notes to pay.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
To Tax Z. S. Spruce Corp.
Assessor May Recover $4,000
for County

PORT ANGELES, Wash, April g.
Assessor Oscar Morse has started action
to place on the tax rolls of Clallam
County the entire holdings of the
United States Spruce Production Cor
poration and will prepare the roll, he
said to-day, to include back taxes for
three years, during which the property
has not been taxed.
The assessor said he based his action
upon the recent rulings Of the United
States Supreme Court.
He estimated that more than $4,000
would accrue to the county by his &C
ton
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
New Drive on Grain Futures

WASHINGTON, April 5.-Senators
and House members who in the last
session advocated legislation to stop
or restrict dealing in grain futures on
boards of trade are planning hard
drive for such legislation in the extra
session. Several bills will be offered
Senator Capper, of Kansas. is taking
a leading part in the movement in
the Senate and Representative Dickin-
son. of Iowa in the Housa
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06

northumberland you kindly give me any
information you may have concerning
Boring Tractor stock OF Rockford, Ill.
Far value is s. per share. 1t is now.
cordlng to Marion Roberts salesman, sell
ing for $3.50 a share, with prospects Of
going to sl1.-H. T. f.
Answer-We do not advise you to
buy the tractor stock for investment,
especially on some ones representation
that it is going to S11. HOW does the
salesman know that it is going to rise :?
There is no market for the shares, and
if you had them you might not be able
to sell them at all. They were offered
not long ago for $3.50 share.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
Investment
Information

Questions Of general interest to tn-
cesfors wiI be answered in this col
n'nn' IN 'ohich case only initials rill
De used. Others toil be ans,oered by
mail Address oil inquiries, incios-
ing stamped. addressed envelope, to
ftsnonc'al Editor. The Tribune, l5I
Nassau Street, Neto York City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06

and its products. The bonds, which
are due April /. 1881. were offered at
95ia and interest, at which price they
yield about 1866 per cent.
Estabrook & Co. and ". A. Harri-
man & Co. are offering a new issue of
81 500 900 American Glue Company ten
year 8 per cent coupon denbenture
notes at 100 and interest, yielding 8
per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
Days Nem Issues

chased S65oooO City of Akron one to
twenty year per cent bonds, which
will be offered to yield to 5ia per
cent.
The Chicago & Northwestern Rail
way Company announced yesterday
that it viii pay off in cash its $lO,-
000,0 thirty-year per cent deben-
lures dug April Is.
E. H. Rollins & Sons are offering
S3,OOO.000 New England Oil Refining
Company first mortgage per cent
sinking fund gold bonds, due 1881, at
90 and interest, to yield $50 per cent
These bonds are tax refund in Penn
sylvania and tax exempt in Massa-
chusetts.
Blyth, Witter Co., and associates
have purchased $1,500,0O0 Southern
California Gas Company first and re-
funding mortgage Z per cent bonds,
due 1851, which win be offered shortly.
Drexel & Co. and Harris, Forbes &
Co. announced yesterday the sale of a
new issue Of $4,000 600 ten-year per
cent sinking fund gold bonds of The
Sun Company, producing, refining
transporting and marketing petroleum
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06

J. F. Cannon, director of finance Of
Jersey City, yesterday awarded an
issue of s2,02S, 600 of 51s per cent
twenty year average serial bonds to
syndicate consisting Of the National
City Company Harris, Forbes & Co. and
Estabrook & Co., at 1O1.59. Public Of
fering of the bonds will be made on
to $40 per cent basis depending upon
the maturity
A new issue Of $500, 900 Torrington,
Conn, funding 81 per cent serial
bonds, maturing from 1922 to 1871, has
been awarded to q syndicate consisting
of Remick, Hodges & Co., of New York;
R. L. Day, Of Boston, and Coming &
Co., of Hartford. Offering is being
made at prices ranging from a per
cent basis to 40 per cent.
An issue Of 100000 Salt Lake City
one year tax anticipation certificates
has been purchased by the National
City Company.
A syndicate made up of the National
City Company, Harris, Forbes & Co.
and Estabrook &, Co.. has bought ST.,
100000 80 per cent Akron, Ohio, school
bonds. The same group has also pur-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-06
lSales)

Argentine G SLOT s4a4 r. OF Copen-
IS 1916 &c Of Berne SIS hagen SIS
...+ 70Ss tenn rcts 1914
Chinese Ry SIS 1945 , ~
1881 10 $3.50. 95s4 &c OF Mars IS
42is @ 81 Bord as 1894
.... 4212 1854 II
G of Bergen 80, rs ! 1884,
50 tenn rcts &c Of Chris 3sSG OF Paris IS
1915 1915 sf9el
.--A SO ~--~ asia< ..-- S7.k
St. Tammany farmer., 1921-11-19
s 7. T TAMMANY Y
PAR. MEDICAL
SOCIETY


The ST. Tammany Parish Medical
Society held its regular meeting on
thursday, Nov. 10,l at the Southern
Hotel, with the following members
present. President DR.. A. G. May
lie, Secretary Treasurer DR.. H. D..
4iuIoch Drs. J. f FsSRalk, Wallace J..
Durel, n NJ. Hebert, R. B. Paine,
NJ T. VanZandt, c. w. Davidson,
II. Z. t43autrelux, J. F. Buquoi, F. L.
Young, Jr.
a number Of medical and surgical
cases OF great professional interest
were reported and discussed.
The next meeting will take place
Thursda, Dec. Il, at 7 p. NJ, at
which viii take place the election OF
officers for 1922, and the initiative
move in the formation Of Trl-
Parish Medical Society, including st.
Tammany, Washington and Tangl-
pahoa parishes.
The meeting will close with a sup
per for the members and a number
Of guests, With Dr.. Wallace i. Dure,
as ''mine host During the dispos1-
tion Of the toothsome delicacies Will
be discussed a subject Of utmcst i'm
portance to this parish, i. e., Malaria
Relative to St. Tammany parish.
St. Tammany farmer., 1921-11-19
XMAS WITHOUT MUSIC

n the home is like "a Xmas without
presents. Read the New Edison dis
play ad on page seven in this issue.
Don't let the family go without a
present like the New Edison miracle
phonograph. 1t has a soul-it re
creates and reproduces songs and
music exactly as sung and played by
yhe great singers and players of the
world It is realism you will hear
the soft, sweet melodious tones Of
the singers-the exact notes and
melody of the musical instruments.
No talking machine compares with
the New Edison. Place the former
and New Edison side by side in your
home-you will keep the New Edi-
SON. We invite comparison. We
will put New Edison in your home
on trial with rs beautiful songs and
late instrumentals without charge
on our part. Get this wonderful
free music. Don't let Xmas pass
without trying the New Edison.
Don't let money worry you. Our
terms are "a little down" and s'bal-
ance to suit your income" Prepare
for Xmas music now. Give your
family a happy surprise with a New
Edison. Come to our music room
and hear this wonderful instrument
demonstrated.
FRANK PATECEK
'"The Big Store"
c.. Nj. Brown, Sales Manager,
Over Patccck's Store