davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-05-03
UPTURN IN COTTON
FOLLOWS DULNESS
Active Demand Develops After
Early Quiet and Market
is Firm and Strong.

Active demand for cotton futures de-
veloped after early dulness and conse-
uuently yesterdays market took on a
firm and strong appearance. Forenoon
lethargy gave way before short cover
ing. trade buying and new Wall Street
demand. prices showing an advance OF
SO to 81 points in the markets final
half hour. May, which touched 1870,
or up about "a cent a pound, was the
strong spot of the list. Several reasons
for the upturn We're assigned. First.
the improved stock market; next, the
steadier cotton goods list; third, the
bullish preliminary report of the Ma
tional Ginners Association and last but
not least more optimistic political and
labor news from Europe.
In the first part of the day the mar
ket gave all signs of being just another
idly fluctuating affair. The price list
hardly moved points or so in the first
two hours. the volume of business was
so small. First prices were off to z
points, but Immediately after the open
ing sufficient buying appeared to cause
recovery to about Saturdays finals. The
market held steady, not much changed
from its preceding closing prices until
about the end of the third hour,
when the list suddenly shot upward
on buying for trade and Wall Street
account Japanese interests were among
those taking large lots and prominent
local Street operator bought $4,000 bales
of July and October.
Given that impetus. the list could not
resist and soon gained more than 40
points Liverpool cables were steady
The weather was largely disregarded as
a market factor. Reports to the Ma
tionaI Ginners Association indicate q
minimum acreage reduction of 80 per
cent. and place the percentage OF cot
ton planted at 40. Bulls called atten-
tion to reports of improved spot de-
mand in the South. Realizing by pro-
fessionals around the top was well alb
sorbed and made virtually no impress
sion Local spot was UP so points TO
1920.
The New York herald., 1921-05-03
WHEAT VALUES TURN
SHARPLY UPWARD
Bulls Control Pit. With Corn
and Oats Following-Pro-
visions Also Rally.

CHICAGO, May 2.-Scarcity OF wheat
available FOR immediate delivery on May
contracts led TO q sharp upturn in values
to-day. The market closed unsettled at
/ 10 3i5c. net higher, with May $1.3f@
l.s41a and July s1O9@1.09A. Corn
gained ! to 1%c. and oats finished at
u 10 Lc decline to 1ac. advance. In
provisions the outcome varied from a
setback OF SC. to rise of Acc.
Bulls quickly took control OF the
wheat market, Tor there was an entire
absence Of first OF the month deliveries
and no apparent likelihood Of any large
deliveries soon, owing to the fact that
virtually all the wheat in Chicago has
been sold for shipment. Furthermore,
IT was correctly anticipated that the
weekly statement OF the United States
visible supply this afternoon would snow
n decided new shrinkage. Exporters
meanwhile continued to buy, although
exchange rates We're unfavorable. In
this connection, estimates We're current
that $1,000. 900 bushels would clear ior
Europe during May. Figures indicating
that the condition of the domestic WIN
ter crop had been lowered during April
counted also against the bears.
Corn and oats duplicated the acton
OF wheat. Smallness of May deliveries
of corn was an evident bullish influence.
Besides shipping sales of oats were said
to be the largest on the crop.
Packers buying of lard rallied pro-
visions from a decline due to weakness
in the hog market
The New York herald., 1921-05-03
JUMEL PROPERTY
BRINGS S1S5,76O
Last Of Holdings of Famous
Old Family Are Auctioned
by Bryan Il. Kennedy.

In two somewhat divergent respects
the sale OF the Eliza Juncl caryl prop
erty, just over the New York city line
in Yonkers bs Bryan L. Kennedy last
Saturday afternoon was one OF the most
noteworthy auctions of the season. In
the first place it provided an opportunity
for builders to pick up home sites in a
desirable location at a time when CON
ditions in the construction field are more
promising than they have been for sew
eral years. Then the event had its his
toric value. for It meant the final lioui-
dation of the realty holdings Of the
Jumel family. whose name Is brilliantly
associated with the carly history OF New
York.
The tract involved in the sale was
purchased by the heirs of Stephen Julnei
with the proceeds derived from the sale
OF the original family property on
Washington Heights, where the stately
old Colonial family mansion still stand
Tor the entire 129 lots comprising tfs.
tract Mr.. Kennedy received total OF
S135.760. The lots on Caryl avenue
averaged about $4,000 each; those on
Van Cortlandt Park avenue $3.50. ana
those on Mclean avenue $3.50. The sale
WAS nelu III f~ulllpSpuIB I1dAi, io4iaASAS
and there were about 500 persons pres
ept Among the buyers were:
A. Cianciulli, Mrs. A. Burrett, Mar
garet f. Helferty, John Kraft, Mrs.
Frank Darach, Milford Construction
Company. Inc. l.. l. Bcrrholz, W. h
Hobson, H. p. Cook. II. X. Watson, So
phie A. Richter ]. Floyd Yewell, Ray
mond Il. Martin, William p Siclxley, J.
Conrad Schneider, b. d. Gillespie. Eliza
beth Smith, Van Ness Brothers. T. j.
Hopper, George Griot w. Il. Folkes.
James r. Hughes, John b. Sullivan,
John r. Reigart. David l.. Crimmins, j.
w. Kirst, Joseph A. Russell. Ralph X
Muliigan, Charles Gilbert, DR.. w. y.
Watson John ]. Meyers, Bellport SUD
urban Company, Pansiazio A. Sarupos'
Rosie Cociatore, Michele Forasiure' A"-
rust Karlsou and James Hughes.
The New York herald., 1921-05-03
GIANT GRAND CENTRAL
ZONE BLDG. IS OPENED
20 Story Liggett Structure
Was Built in One Year.

The new Liggett Building on the
northeast corner of Forty-second street
and Madison avenue opened its doors
yesterday just one year after work was
started upon this twenty-five story
project The owner of the building Ia
the Iiggett- -Winchester-Ley Realty Cor
poration. and the renting and man
aging agent is Albert 3. Ashforth, Inc
The building is at point where IL is
estimated more people pass In a day,
moving in all directions. than any other
spot In the world All subways are
reached almost without leaving the
building There is a direct connection
with the Grand Central Terminal and
via subway with the Pennsylvania sta
tion.
The arcade running through the build
ing connects the Forty-second street en-
trance with Forty-third street directly
opposite the main entrance to the Bilt-
more Hotel. This arcade, In design and
general facilities offered, is one OF the
features of the building. In location and
appointments the Liggett Building
reaches the high water mark in the
twentieth century structures designed
especially for the modern business office
The floors above the ground are reached
by fourteen high speed elevators, six for
express service. These elevators, as well
as all stairways. wash rooms, SC, are
grouped in the centre of the building.
The architects are Messrs Carrere &
Hastings. and the builders Fred 7. Ley
n Co.
The Liggett- enthusiastically Realty
Corporation IS composed OF the Llggett
Drug Company, Winchester Arms Com
oany and Fred Il. Ley & Co. The two
first named concerns will occupy large
space in the building and the balance OF
the building is rapidly being filled with
representative firms and corporations.
The property has a frontage OF 1342
feet on Madison avenue and 14T3 feet on
Forty-second street. with wing front
Ing forty feet on Forty third street
The New York herald., 1921-05-03
SUBURBAN MARKET.

II. Goldschmidt sold for the Hermes
Realty Company a plot, S7xi1o, on the
west side OF wyckoff place. Woodmere.
L. T., TO the Lawrence Avenue Realty
Corporation.
wheatley Hills Real Estate Corpora
tion leased for Francis Kendall Thayer
his beautiful water front estate OF twen-
ty-one acres on the west side or Hemp
stead Harbor. adjoining the estate OF
Isaac Gugeenheim. to John =. Mac
Enulty. yice-president OF the Pressed
steel Car Company.
r. Franklin Hull sold Tor fowier q
seIlars a house on South Broadway,
near Putnam place. White Plains, to
Charles Leeney for occupancy;
The New York herald., 1921-05-03
Ontario Asks for Bids.

The province of Ontario Is calling for
tenders for s5,0O0,O00 Of new bonds.
Alternative bids are asked for bonds
maturing in fifteen years and for Treas
Iury Bills maturing in six months. both
bearing per cent. interest.
The Province OF British Columbia has
sold S3.00O,000 of per cent five year
bonds In the United States through
western syndicate The Province re-
ccived a little better than par, Canadian
funds. Five weeks ago British Colum-
bia received l03.77 for s2.000.000 Of
bonds placed In the United States.
The city OF Regina, Sask.. has sold
81 81. 900 Of bonds. The block was made
va or several parcels bearing and sh
per cent. interest and maturing in five,
ten. fifteen and thirty years. The city
received s7.14 for the block, the money
thus costing 6.66 per cent. NO bids
were received by the oity OF St. Boni-
srace. Man, for s273.233 of bonds OF
varying maurities and bearing from S
TO 6 per cent. interest. The rural munich
,paiity of Miniota, Man, has sold ss3,50o
or twenty to thirty year instalnent
bonds for s95. the money costing the
municipality GAS per cent The Mani
toba farm loans bill. raising the rate on
which money can be borrowed from 6
Der cent. TO 7 per cent, has been passed
by the Legislature.
The transportation commission or the
city OF Toronto has awarded A 81 ,270. 900
The New York herald., 1921-05-03

contract for one hundred pay-as-you-
leave street cars and sixty trailer cars 70
the Canadian Car and Foundry Company
of Montreal The commission will take
over Toronto's street railway system on
September L.
The bill Incorporating the Prince Ed
ward Island Light. Heat and Power
Company has passed the second read
Ing. The company is capitalized at
S2,000.o00 and will supply the whole
island with electrical energy from a cen
trail station. The bill places many
stringent restrictions on the company
and provides that its surplus after 10
per cent. dividends shall go 10 improve
nents and reductions IN rates.
The New York herald., 1921-05-03

ra r,ner Of Colgate, Parker a Co. became a
general partner in West q Co. as or May 1.
lee. Higginson a Co. are prepared 10 de-
liver permanent bonds In exchange for in
tertrn receipts OF the Pennsylvania Ohio
Power and Light Company's first and re-
funding mortgage ~ per cent. sinking fund
gold bonds, due on November |, 1910.
Emanuel Block. who has been with J. =
Bache 4 Go. for twenty years, Is with
Louchhelm. Minton 4 Co.
John A. Beaver, formerly with Knautl.
Nechod q ISuehne, is In charge OF tho dis
trihuting force OF Roosevelt Son.
The following have been admitted 70 mem
bership In the Consolidated Stock Exchange
OF New York: A. u. Rodney, u. A. Bennis,
Arden waldman. William u. Sheridan and
Larry A. Gerson.
'rhe Equitable Trust Company OF New
York has been appointed transfer agent OF
the Hanna Paper Corporations preferred
stock.
J. L. Kirk & Co. investment securities,
have moved to "a Broadway.
TIL. Guaranty Trust Company Of New York
has been appointed trustee under tho Mar
land oil Company trust agreement. dated
April 1. 1921. and securing an authorized
issue OF $1,000. 600 par value bonds. Of which
$4,000 900. presently 20 be Issued. are 10 be
known as ten year per cent. sinking fund
participating gold bonds. series A. due April
/. 1891.
a. ulbrioht, public utility specialists. have
moved 70 81 broadway.
Joseph w. Spencer and Herbert Schvinn,
members OF the Consolidated Stock Exchange,
have formed tho firm Of Spencer 4 Co., with
offices I'm 30 Broad street. 20 conduct a gen
eral brokerage business In listed and unlisted
securities
Farron Son & Co. have issued circular
describing eighteen bond issues. recently
brought out and selling AZ prices 20
Yield tho Investor, II they be held until
their ma,urities. between 6.55 and . as per
cent
Leslie N. slmson. c. p. A.. formerly with
Haskins q Sells. has been admitted to mem
bership In the firm of Mitchell a. Ferris,
public accountants.
The United Htates MortraFs and Trvxt
Company has been appointed fiscal agent for
the payment OF principal and interest Of
~ o29 600 OF bonds. including Durham, ".
q. sS2o.oo0; oswego. y. ", 100000, and
ana others. agRreEnting $500 900, including
Jersey City. g.. .os0, 600; Salisbury. n. C
kfb5. 600; Daytona. Fla. $3.50. .00o Irobolsen
y. J., s323 600: Mlddlcsex County, n, ~
1900 900, and Harrisburg, Pa. s2J0.00o. are
being prepared and certified as 70 genuine.
ness by the company.
The United states Mortgage ana Trua,
Company trustee under thc first ! per
cent. mortgage of the Fairmont Coal COM
pany, has received Sl0.71.o3 pursuant 10
scaled offers Of bonds 70 exhaust nat sum
~ a price not 10 exceed fn5 per cent and
accrued Interest yin b rrs,csivsa by tho
Thomas p. rpencer 4 %. ~srsrsr in-ur.
snea agents. have moved 10 100 Park avenue.
The New York herald., 1921-05-03
ZINC PROFITS LOWER.
New Jersey Company Reports for
First Quarter of 1921.

The New Jersey Zinc Company re-
ports for the quarter ended March 81
net income. after charges and Federal
taxes. OF S204.345. or 40 cents a share
earned on the S42.oO0,o00 capital stock
outstanding. That compares with
ss41,557, or So share earned In the
preceding quarter and with s2.628I27,
or $3.50 n share. earned In the CORE
spending quarter of 1920. Total income
was s244.345. against s3.173,127 In the
first quarter of last year.
The New York herald., 1921-05-03
STATISTICS.
COTTONSEED OIL.
Custom HOUSE RECEIPTS.

Receipts for duties at the Custom
House yesterday were s505.9I4S9. or
which s146. .56s.46 was for merchandise
withdrawn from bonded warehouses and
200 an6. AZ for recent importations.
The New York herald., 1921-05-03
TORONTO STOCKS.

Special Despatch 10 THE NEW Yosk HERALD.
TORONTO. May "A summary of
transactions on the Toronto Stock E,x-
change for the week ended on April 80
follows
The New York herald., 1921-05-03
MuItifamiIy Houses Sold.

j. Joliet sold for Louis Maryash to
Jacob Shapiro the five story apartment
at $50 and 534 West 1880 street, Ask
100. renting for $4,000 and held at
S65.0O0.
William Goldstone and Eiman Myers
purchased from the Mieser estate lib
East 123d street. six story apartment,
25x100, and renting for $500. 1t is
laid out In two three and two four room
suites Goldstone and Myers also pur-
chased the five story double tenement
with two stores, at 313 Rivington street,
25x100. Negotiations were carried on by
cable to Rome by Thomas \ Wilson.
the broker.
Davis & Shore sold for Mrs. M. Mais-
ner to negro investors the five story
apartment. with two stores. at 4l6
Lenox avenue. 30x100, having renal
of $4,000 and held at $4,000. This Is
the first sale of the property in more
than fifty years.
The New York herald., 1921-05-03
MONTREAL STOCKS.

special Despatch 10 THE NEW YORK HERALD.
MONTREAL, May "A summary of trans
actions the Montreal Stock Exchange for
the week ended on April 80 follows:
The New York herald., 1921-05-03
Another AIlerton Hotel Planned.

Plans have been filed for another
AIlerton House, bachelor apartment
hotel. at 12s East Fifty-seventh street
on a plot, 67.sxl00.5. A. l.. Harmon. the
architect, estimates the cost at 100000.
The structure will be seventeen stories
high. and will have a solarium and roof
garden.
The New York herald., 1921-05-03

Frederick Brown has moved his Of
fices from M7 Broadway, in the Astor
House Building, to the Straus Building
at Fifth avenue and Forty-sixth street
julius II. Zieser, Mr.. Browns attorney.
who shared the Broadway offices. has
removed TO the National Company
Building at IL East Forty-second street
The New York herald., 1921-05-03
SOUTHERN SPOTS.

Galveston strong. 80 points higher at
IL Doc. sales 1927 bales. New Orleans
steady. 25 points higher a. II 1.5oc.. sales
2.013 bales. Savannah very steady. 80 points
higher at f2c.. sales 367 bales. Norfolk
quiet % points higher at II zoe, sales 4fA
bales. Augusta steady, 81 points higher at
II .5Ocs: sales 205 bales. Memphis steady, -
points higher at 11.25c.: sales 1,Iac bales.
Houston steady. 15 points higher al II .10c.;
sales 1900 bales Little Rock quiet. un-
changed at lie; sales 74s bales. Dallas
steady. 40 points higher at 1l.33c.: sales
at i075c; sales &C bales. Fort Worth
steady. 40 points higher at 1i.2sc.; sales
i 0Gf hnles
The New York herald., 1921-05-03
DIVIDENDS.

Stock OF
Record. Payable.
Iron Prod. Corp. pf. q. 81. May May 10
Holiinger Cons. Cold Mines, ~ %
q. &c. ..-..t.,.t-. -. :. ~. '-'A"s -
Colorado Fuel Iron Co, q.
15c. .... .,..-~t.. - 49, '
ooioSsuo ss ae "........ May Il May 20
The New York herald., 1921-05-03
Bush Terminal Sells Building.

NJ & l.. Hess. Inc, sold for the Bush
Terminal Company the ten story busi-
ness building. 101x115. at 327 to 335 East
Twenty-ninth street, to A. NJ. Rau. The
structure was built as a service station
for the firms Brooklyn business. but the
growth of the business necessitated the
establishment of q service station in
that borough. The property was held at
S450,000.
The New York herald., 1921-05-03
New Apartment Houses Planned.

Gronenberg g. Leuchtag. architects.
are preparing plans for five story
apartment house, 7s.2xl0o on the west
side Of Morris avenue. 100 feet north
Of East 193d street, for the Gotham
Realty Company. Wolf Frank president,
to accommodate thirty-one families. and
TO cost 1885, coo: also a six story apart
ment house. 25x10o. at 113 West Sixty
eighth street, for Harry Turek. TO ac-
commodate seventeen families, and 10
cost about $4,000.
The New York herald., 1921-05-03
LIVERPOOL.

Spot cotton quiet at : points advance:
middling 1.s2d Sales 1000 bales, American
3 600 bales Imports -, 900 bales. American
20, 600 bales. Tenders, new docket 1,0Oc bales.
Futures opened barely steady NJ 70 points
decline. Closed quiet AT points advance to
4 decline. May, T.s3d; July, Slid; october,
sgd: December, s.35d.: Januery. s.59d.
Manchester: Yarns gutter cloths dull but
stpady
The New York herald., 1921-05-03
FINANCIAL NOTES.

!, yVin.bron Rossiter has been admitted as
n general partner In the firm OF Theodore
T. nronson < Co, members OF the New York
Stock Exchange.
The New York herald., 1921-05-03
NEW ORLEANS.

NEW ORLEANS. May o.-The cotton mar
ket closed steady to-day at net advance of
"a to "A points. Close: May, 12.1ac. July.
IL .64c.; October. 1890. December, 10 Csc. I.
January, 13. SOC
The New York herald., 1921-05-03

william O. Orton Co., specialists In re-
orpanized railroad securities. hava moved TO
larger quarters In "a Wall street
The New York herald., 1921-05-03
MICHAEL DREICER
BUYS $50 FIFTH AVE.
Acquires Building Next Door
to DelmOnico's, Which He
Also Owns.

Michael Dreicer the Jeweller who
owns a number of parcels along the re-
tail section OF Fifth avenue, has pur-
chased the five story business building
at 535 Fifth avenue from the Nivlen
Realty Company. Charles M. Noble
treasurer. 1t adjoins Delmonico's al the
northeast corner OF Forty-fourth street
which Mr.. Dreicer bought five years ago
from the heirs Of the Havemeyer estate
through Bryan L. Kennedy. 1t fronts
80 feet on the avenue and has a depth
of 100 feet
Mr.. Dre:cer now controls site 'front.'
ing 95.5 feet on Fifth avenue and 40
feet on Forty fourth street Title was
taken in the name of the Delco Realty
Corporation. The building is under lease
to Mime. Simcox. dressmaker on net
rental basis with renewal privileges. Mr..
Dreicer has mortgaged the entire prop
erty to the New York Life Insurance
Company for 100000 for three years
at per cent.
The New York herald., 1921-05-03
Fifth Avenue Zone sale by Gable.

Douglas Gibbons h Co. sold for
Charles B. Squier the six story business
building, 25x100, at 9 East Forty-fifth
street to George Kremer Mr. Squier is
in Paris, and the negotiations were con-
Quoted by cable. The property adjoins
the former Home Club at IL and 13
East Forty fifth street. and was held at
S235, 600
The New York herald., 1921-05-03
CHICAGO PRICES

The reduction in Atlantic freight to
the Continent rates was largely respon-
sible for the working of 100000 10 6OO,-
900 bushels OF cash wheat In yesterdays
market and wheat futures made sharp
advances. There was fair demand for
Atlantic hard wheat, which was difficult
to fill. Gulf premiums were firm. About
5000 bushels of rye We're sold and
some corn. but no figures were available
as to the amount OF the latter cereal
Wheat flour sales totalled about 100000
barrels and those Of dars rye flour
totaIled 5000 to 10000 barrels.
NEW YORK PRICES.
wHEAT-No Q, red. 1872: No. ., hard.
st'67: No. 1, Manitoba, S1.T9: No. .. mixed
durtn, Si.bS, c. /. T. track New York to
CoRN-No. 2. yellow. and No 2, white.
sfhc: No. 2, mixed, Sic, c. /. {. New York
10 days' shipment :
OATS-No. !. white, 49is@5oc.; No: 2,
white. askGD49c. No. 2. white, 4l@41lAe;
No. 4, white, 45hc. fancy clipped, white,
5ig53c.: ordinary clipped, white, A7ha5Olsc;
RYE-No. 2, Western. S1.55& I, o. b.;
Sl5l& G. 1. +. New York.
BARIEY-Feedng, 6TGT2c.; mailing, ToW
SOC, G. l. (. New York.
BTCKwHEAT-Sound milling, S2.'5 asked
HAY"No. /. i.45a1 .55; No. .. s1.35a1 .45;
NO 3, sl.ooqf so; shipping. $l.05allo.
STRAW-No. t. rye, $20n21 ton.
The New York herald., 1921-05-03
CANADIAN TRADE
! CONDITIONS MIXED
Navigation Opening Acceler-
ates Business-Grain Move
ment Developing.
DEMAND FOR FARM LABOR
Financial Situation Is Irreg-
/, ular, With Stocks Unsettled
and Bonds Firm.

Special Despatch 20 THE NEW YoRR HERALD.
MONTREAL, May 2.-There was little
fundamental change In Canadian busi-
ness conditions the last week, although
she situation probably has shown more
solid Improvement in the last month
than it did in the preceding three months
pf this year. Reports from various
points are OF Irregular nature. Opening
navigation has resulted in business ac-
eeleration la Montreal and large guam
sity Of grain has come from the Great
Lakes. Expansion OF that movement Is
expected. The coal movement from the
rnaritimes is developing. Demand for
sabor from the farms is relieving labor
conditions in cities. People seem anx-
sous to get back to work at fair wage
and forget unsettlement as far as pos
sible Wage difficulties OF pulp and
paper companies are the most serious
labor troubles to be faced. 1t is ex-
pected, however, that men win prefer
lower wages TO none at all, as most
mills will close before granting their
men advances.
The financial situation is mixed. Stock
markets are much unsettled. but the
bond market is firm for gilt edge secu-
,'ities. An interesting development OF the
week in stock market circles was the
action Of a hank in requesting stock
broker borrowers to eliminate Industrial
stocks from their collateral. but that
request was modified, exceptions being
made in the cases of industrials of
proven dividend consistencies and earn
Sng abilities. That situation probably
explains part of the recent selling of
industrial issues. AS call money In the
broad sense had been easier for con-
siderable time brokers were able IN
most instances to transfer their loans
elsewhere and effect account adjust
meuts without much trouble.
The New York herald., 1921-05-03
MONTREAL CLOSING.
!. y. STOCK EXCHANGE QUOTATIONS..
FOREIGN BONDS.

To the following prices accrued interest Is
20 be added In every case:
The New York herald., 1921-05-03
Leases Rockefeller Parcel.

VIM. A. White g. Sons leased for Will
lam Rockefeller 12 East Fifty-fifth
street. five story and basement build
ing, 27x100, for twenty-one years, to
Scheer-des Ballet Inc, newly formed
dressmaking concern. Mrs. NJ. G. Swan
ton represented the lessees. The build
ing adjoins the Hotel St Regis, at the
southeast corner OF Fifth avenue.
The New York herald., 1921-05-03

Prescott ErslSine Wood. formerly q general
partner OF Colgate, Parker q Co. became
general partner in West q Co. as OF May 1.