davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-06-15
Working Woman Thinks Saving Is Slow

Question: am a working woman and
have have by much thrift and many self-denials
oeen able to lay aside S3, 900 for the future
rainy day, old age or adversely. This |
nave on deposit in a bank drawing "a per
it IS such slow process, would ask you
to give me such information as to how
can place this amount where I could get
a better interest rate but, of course IT
must be absolutely safe, as it is ali / have
IN the world. DO you think a purchase
on the partial payment plan for laying
expect an increase in salary next month
mignt be able to put aside about sa5
month. Please advise me who to con
suit about this.--E. C.
Answer-We would not advise you
to begin making investments on the
installment plan, Put your S25 a
month into a savings bank. When
you get about $500 draw your money
out and invest in high grade bond
and put this bond in a safety deposit
box. You can rent one for S. or $40
year at a reputable bank. You may
go to the president or one of the vice
presidents of your bank and ask his
advice. Our advice would be to take
the $4,000 which you now have and
invest it in one Chicago Union Station
615 per cent first mortgage bond due
pay S1,010 for 900 61z per cent
bond. You would get $35 on January
and July l of each year, and if you
add that to the savings of S25 month,
it will not be long until you can buy
another bond and thus compound your
interest. The Chicago Union Station
bond is probably as safe as or safer
than the majority of bonds in which
the funds of your savings bank are
invested. In addition you could buy
one New York Dock first mortgage
per cent bond, due 1861. recently SELL
ing at 671a, and one Montana Power
first and refunding 5, due 1943, recent
ly selling at 841a. This would leave
you about $3.50 in the savings bank
When you had added about S125 to
this, you could buy Southern Pacific
Central Pacific collateral 4, due 1949,
selling at 677s recently; that is, about
$3.50 for a $1,000 bond
New-York tribune., 1921-06-15
The Market

Most of the outstanding foreign
government issues in this market are
in relatively strong technical position
according to leading investment ex-
pert who said yesterday that in the
case of the more recent issues the sec
ondary distribution has been COM
pleted and the bonds have been placed
where they will stay put. Moreover
the purchases for making fund re-
quirements will in the case of many
of these issues provide sufficient de-
mand to absorb the largest portion of
the offerings that do come out from
time to time. Speaking of the general
investment market this authority said
practically no business was being done,
but it was pointed out that during the
last two weeks, while securities of all
kinds had been more or less unsettled.
few blocks of bonds of any size had
come into the market. Dealers as a
general rule have cleared their shelves
so that it is felt that with a return of
more cheerful psychology the whole
investment market will respond with
fair degree of vigor.
New-York tribune., 1921-06-15
,ut any substantial

without any substantial recovery.
Wages have been at their maximum,
and the fuel and materials used in this
period were necessarily purchased or
contracted for at the high prices of
1920. Maintenance both OF track and
equipment, which had been deferred
because Of conditions due TO the war.
was necessarily prosecuted to greater
extent than would ordinarily have been
justified under the business conditions
prevailing during the period.
I'VE believe, however, that there is
turn in the adverse tide against which
we have been struggling and that the
second half of the year will show a
different tendency. We have the Labor
Board decision as to wages, which
should result in substantial saving.
The Labor Board also has decreed the
abrogation OF national agreements on
July /, but as this question involves
further consideration by the Labor
Bord in the event of failure to agree
upon new agreements locally we can
not as yet estimate the effect of that
decision.
I'VE know that reduced prices of To-
comotive fuel should have a substantial
effect on operating expenses in the
second six months. a reduction Of ST
. ton. which is conservative. would re-
New-York tribune., 1921-06-15
Boston & Maine
Defers Dividend Action

BOSTON, June 14.-Announcem
that no action was taken by the board
of directors of the Boston & Maine
Railroad at meeting to-day in the
matter of declaring a dividend on the
first preferred stocks, which would
normally be. payable on July /, was
made by President J. H. Hustis. He
pointed out that dividends on these
stocks were cumulative and said they
would be paid when earned
In statement issued after the meet
ing Mr.. Hustis said:
The conditions which made it neees-
sary to defer action on the preferred
dividends due January ] last have con-
tinued during the intervening months,
and as result it is estimated that the
deficit for the first six months OF 1921.
after the payment OF fixed charges and
taxes, will be over S7,000,000.
This period was abnormal in many
respects for all railroads, as is indi.
Gated in their monthly reports. With
the Boston g. Maine the sharp decline
in business which began in November,
1920, has continued ~ to the present.
New-York tribune., 1921-06-15
Need Foreign Trade

SAN FRANCISCO, June 14.2clearer
understanding of fundamental eco
nomic laws and realization that the
united States cannot prosper without
foreign trade, We're urged to-day as
prime necessities for widespread re-
viyal IN business at the opening If the
twenty-sixth annual convention OF the
National Association of Credit Men
here: The lack of knowledge of ece-
nomie law, according 70 J. Harry Tre-
goe, secretary-treasurer of the associa-
ton, has been clearly evidenced in
the last two years. He announced =
plan OF educational campaign to be un-
dertaken by the association this sum
ner to correct this defect.
New-York tribune., 1921-06-15
Answer--We advise you not to buy
the L. r. Steel stock for Investment.
PIate GLASS Stock Has Long Record

Questton--wil you kindly advise me
what you think of Pittsburgh Plate Glass
Company stock. of Pittsburgh? How does
this stock compare with such stocks as
Singer Manufacturing Company, United
states Steel preferred Standard oil of
New Jersey preferred and American Teie-
phone and Telegraph common? ?--H. K.
Answer-The Pittsburgh Plate Glass
Company has paid dividends on the
common stock since 1894. 1t is we'll
managed firm, doing a large business
The principal market for the stock is
on the Pittsburgh Stock Exchange 1t
is sensitive to earnings and other con-
ditions and rather too speculative for
us to advise you about buying it. Of
the other stocks you mention Steel
preferred and Standard Oil preferred
are high grade, in our opinion, and
American Telephone and Telegraph is
good investment. There is no pre-
ferred stock ahead of Telephone stock.
New-York tribune., 1921-06-15
ficholas F. Brady
On National City Board

Nicholas F. Brady was added to the
bard Of directors of the National City
bmpany at the meeting held yester-
By.
Formal announcement was made that
everal Of the officers of the CONNER
Ial Exchange National Bank, the insti-
Etion which has been absorbed by the
|stional City, have been added to the
Esf organization of the latter bank.
kHis Fahs, president of the Com
sscial Exchange, has been appointed
ke-president of the National City and
d be located at the Bowery branch.
eais J. Adrian becomes assistant vice
Essident at the branch at Twenty
Fth Street and Broadway. George
|rn and Edward P. Hoffman have been
|sde assistant cashiers, and will be
|ated at the Bowery branch, while
|iry Engle goes to the Twenty-sixth
Feet and Broadway branch in the
Ene capacity.
New-York tribune., 1921-06-15

suit in an annual saving on the pres.
ent basis of CONSUMPTION of approxi-
mately S1,50o,000. We should also have
the benefit CT lower costs of other ma
teriais. as fast as present stocks are
replenished. 80
1T is believed that any increase in
business--and there are some indica-
tions Of a slight reviyal-eould be
handled with a relatively small in
crease in expenses and should imme-
diately be reflected in the net results. ;"
New-York tribune., 1921-06-15
Invests $4,000, but omits Rails

Question--After July 1 I will have about
$4,000 to invest. am incosing a. list of
bonds that will be held, If not by me, by
ard oil OF New Jersey Z per cent, due 1890;
Standard Oil of California per cent, due
cent 1881; Westinghouse Electric and
Manufacturing Company Z per cent. 1881;
Bell Telephone of Pennsylvania per cent,
1916; Government of the French Republic
71s per cent. 1941 Niagara Falls Power
Company per ce2t. due 1850; Swiss 8 per
cent Southwestern Bell Telephone per
cent f941; Telephone and Telegraph stock.
Are they good buy?-Mrs J. f. B.
Answer-You have laid out first
class, well diversified investment, in
our opinion. You have not included
any railroad bonds and we judge from
this that you are not optimistic as to
the outcome of the railroad situation.
We find bankers and railroad men who
are inclined to agree with YOU.
New-York tribune., 1921-06-15
Days New Issues

Harris, Forbes & Co. and Cohn
offering of $2,5O0000 first mortgage
lien and refunding gold bonds 6 per
cent series, due June /, 1859, at 84A
and interest, to yield about TBS per
cent. In addition to being secured by
general mortgage on the entire
property of the company the bonds are
secured by the pledge of an equal
principal amount of its first mort
gage per cent bonds, of which there
are Sl0,204,000 additional outstanding
The indenture provides that the com
pany shall issue no additional first
mortgage bonds except for pledge as
additional security under the issue
With the completion of the initial co.
600 horsepower unit of the proposed
new Mitchell plant the company will
have a total installed generating
capacity of 100000 horsepower, of
which II per cent will be hydro
electric.
The Atlas Powder Company Of Will
mington, Del, has underwritten the
sale of the entire class "A' preferred
stock issue of the Darco Corporation
of Wilmington. This is the first issue
of the corporation and amounts to
pi,oOo,oOo III per ceHb cumulative
sinking fund shares of $10O par value
The issue will finance the construction
of a 5000 ton plant in Louisiana for
the manufacture of Darco, the new ..e-
tining carbon. to be used in the manu-
facture of sugar, gelatines, edible oils,
soft drinks, etc The Atlas Powder
Company by contract has the entire
technical and manufacturing control
and direction of Darco Corporation.
The following have been elected of
ticers of Darco Corporations: W. j.
Webster, president; w. A. Layfeld,
president; j. F. Van Lear, vice
dent and secretary; Leland Lyon,
treasurer. All these are connected
with the Atlas Powder Company in
similar positions, except Mr.. Walms-
ley, who is director of ordnance of
the Atlas Powder Company.
E. H. Rollins & Sons are Offering
$3,ooo,0Oo Van Camp Packing Com
pany, Inc, first mortgage 8 per cent
twenty year sinking fund gold bonds
at SO and interest, to yield $40 per
cent. The bonds are dated April 1,
1921, and mature April /, 1941. The
the fixed assets of the company, in
Guiding lands, buildings, machinery
and equipment, etc, and by the pledge
of 80 per cent of the common stock of
the Van Camp Products Company.
They are part of an authorized issue
Of S6,000,000, the remainder being re-
served for future issuance under con-
servative restrictions.
Sherwood & Merrifeld are Offering a
new issue of $46O,O0O City of Utica
coupon 51s per cent bonds. These
bonds mature annually from 1922 to
l941 at prices yielding 5.75 per cent
to per cent income.
New-York tribune., 1921-06-15
May Stop Lottery
Fn Baysk CIenrings

ST. LOUIS, June 14.-Daily clear
ings of the st. Louis Clearing House
Association are being announced in
round numbers-millions and hum
dreds of thousands--in an attempt
ta break up widespread practice of
basing lotteries upon the figures, it
became known to- day.
Many lotteries are known to have
operated, Offering capital prize of
$1,000 to holders of numbers cor
responding to the last three digits
in the clearings as announced daily.
New-York tribune., 1921-06-15
Railroad Defers Dividend

Directors of the Chicago, st. Paul,
Minneapolis & Omaha Railroad, which
is controlled by the Chicago G. North
western, voted to defer the semi-an-
nual dividend payments on both the
preferred and common stocks for the
first half of the current year. This
action was taken, according to an Off
cial announcement, pending the ad-
justment of accounts with the govern
ment" The next regular board meet
ing of the road will be held in Sep
tember. The dividends due are 31s per
cent on the preferred and 2ls per cent
on the common.
Chicago e. Northwestern directors
declared the regular semi-annual divi-
dend of 215 per cent on the common
stock and 31s per cent on the pre-
ferred
New-York tribune., 1921-06-15
Middletown Rubber

ouestion-What information can you
give me regarding Middletown Rubber
Company Middletown, N. Y.?-C. j. w.
Answer The Middletown Rubber
Company is new concern which
makes no financial statement on which
to base an estimate of the value of
the stock. The company has not yet
had taste of present competitive con-
ditions in the industry because it is
not ready to make tires.
New-York tribune., 1921-06-15
Likes Republic Navigation Stock

Question-Wirl you kindly advise me
what you think of the common stock OF
the Republic Navigation Company. I
intend to invest few hundred dollars IN
same ?-P, +. McC.
Answer-Republic Navigation stock,
par value $10 is listed on the Boston
curb, but we have not seen any quota
tions for it lately. We suggest that you
be careful about what price you pay
for it. Also inspect the balance sheet
and statement of earnings,
New-York tribune., 1921-06-15
Investment
Information

Questions Of general interest TO in
restors scjil 5e uaswered i,t this cot
stnan, IN tokich case only initials usil
oe ased. Others ioill be ans,oered by
nail. Address oil inquiries, inolos.
sllg stamped, addressed envelope, to
Financial Editor, The Tribune, I54
Nessan Street. Neep York City.
New-York tribune., 1921-06-15


The Tribune prints each dan tho mo.
t@'7ty dates of all qctipc bonds quoted
on the Neto York Stock Exchange. The
return on bond to the inuestor depends
Upon three factors: the rats Of interest
the security bears, the market price
and the distance of The maturity date.
10 figure the precise yield on q bond it
IS necessary to use yield tables, but the
approximate yield can roughly be figured
out by the following formula: Divide
the closing quotation on bond into
the rate Of interest it pays, and the re-
suit aoiH be the annual return. If the
oond ts selling delow par you must
ALLOW also for the appreciation of tho
principal. To do this subtract the mar
tet quotation from per. or 100, aud d.
uldc the remainder by the number Of
years the bond has to run before ma
tu'1ty. For example, If per cent
bond ts sailing at 90 and has ten years
to ''un, the annual return auiu be 6.66
per. cent. The difference betwoen par
ana the market price will be 10 points
subtracting 90 from 100. Dividing ten
points By ten gears, the quotient wiu be
1. This figure is to be added to 6.66,
whtch is the annual return, and the re.
suit IS 7.66 per cent. aDiU give you tho
approximate yield.
New-York tribune., 1921-06-15
Bid and Asked

Following are the closing bid and
fked quotations OF stocks listed on the
|Dek Exchange in which there were
transactions yesterday.
New-York tribune., 1921-06-15
L. r. Steel Stock Speculative

some money in l.. r. Steel Realty De-
velopment Company. This company pro-
buildings TO house their stores. These
stores, of which they state they have 1E6
in number. will be the tenants from which
the realty company will gain its revenue.
Can you advise IL this is good PROPOSE
ton? Their main office is in Buffalo
G. II. D.
New-York tribune., 1921-06-15
Days Dealings i'm Bonds

5s stamped ~. ssAl ssh
1850 ~ 6s gS
! eals 80. 66A Pao g & u
Ss 1860 n Al fs
/ 80. T4h iii cent hil Pac pnw 4
Can North Ry soa4 ba ia"
is4o - rig Is: Is 1855 81 pao y & r"
i So lul 10 80. T9 bs 1897
New-York tribune., 1921-06-15

Sherwood & Merrifeld are Offering a
new issue of S46O,OoO City of Utica
coupon 5k per cent bonds. These
bonds mature annually from 1922 to
1941 at prices yielding 5.75 per cent
to 5 per cent income.
New-York tribune., 1921-06-15
. 5 OF Mex 6

n Y City 4 Us
1857 May
IL SO
4 hs 1865
J -. 8sA
4 Us 1854
10 s2H
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1921-10-03
DR.. Jones Talks
About Missions

LAKE MoHoNK, ". Y, Oct. g.
Much discredit is Brought upon
America and American missionary
societies. in Africa by the highly
emotional, narrowly ecclesiastical
h!t-or-miss missionarieS>who, fired
by fanatic zeal go out of their re-
sponsibility.
This statement was made today
before the International Missionary
Committee by DR.. Thomas Jesse
Jones, chairman OF the African
Educational Commission, formerly
specialist on racial education in
the United States Bureau Of Edu-
cation.
Efforts should be made, he said,
10 eliminate from mission work all
groups that were not prepared By
education, temperament, organtza'
ton. or financial means to enter
the foreign field.
He urged that education and all
mission effort he more closely re
lated to the needs Of the native peo-
TN this respect" he said, Am
erican missions are less at fault
than those under British control.
The educational organization
must he planned with due regard
for the elevation OF the masses and
for the development and training
OF native leaders, he said.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1921-10-03
MORE PARTICULAR

a TENDENCY an the pant Of the people to
"A investigate prices mere closely is showing the
salutary effect Of the necessity for economy 1t is
harder to make sale at the present time in that it
takes much longer to make it. PeoP are suspicious
Of the lowered prices too For nearly four years in
this country anything that was cheap was also worth
less, and those who tned to keep within their means.
or to save part Of their earnings, by buying the
things merchants offered at the lower prices. were
worse off in the long a,m than those who paid the
ezorbitan cost Of the better things and then had some
thing at least approximately good and lasting
Today articles in the wearing line are carefully
fingered over and examined. and. before the sale Is
concluded the customer will go number of places
and investigate the local market thoroughly before
giving up the dollars which are now so precious, and
which but short time ago counted for 50 little.
The SOLDERING up period is also marked by the
simple, plain things which people ask for. Women
are buying plain, sturdy garments and servica6le
shoes and the day of the silk shirt Haunting from the
portal of the coal mine or the path Of the road gang
definitely over The butterfly y. day, .o Of 'sf & Is:
inquiry today, and is it worth the money" also
people interrogate themselves" Can do without it
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1921-10-03
.RAIRINBS ElR
GOLF MATCHES
First Round Of Mems
Championship On
Tomorrow

Following lie the pairing for tae
first round of the annual mems
golf tournament atthe country club
which stars tomorrow. The play
ers will get together and arrange
the time for the matches:
First Flight-W. II. Spedden vs.
S. W. Wright; H. p. Chambers vs.
Bill Bailey, Bob Hood VS. B. S.
Hutchinson; F. ]. Patton VS. Kenna
Clark; J. o. Watson VS. E. Hutton;
A. j. Colborn vs. E. Robinson; G.
Gwyan VS. W. NJ. Chambers,
Second FliGht-Walton Miller vs.
A. c. Beeson; George DsBolt, Jr.,
VS. 8. D. Brady: ". R. Dougan VS.
Bob Richie; George DeBolt, ST.,
VS. John Rock; ]. e. Watson. Jr.,
vs. Scott Lowe: A. Decilman vs. Bob
Fatt; R. L. Kingsland vs. F. R.
Lyon; W. w. Arnett VS. E. F. Hart
Third Flight. E. Stevens VS.
R L. Cunningham; H. H. staEgers
vs. c. H. jenkins; Earl Fortney VS.
Allen Russell; n. n. Beale VS. H.
W. Showalter. y
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1921-10-03
LEGION MEN HAD
SPLENDID PARTY
Wheeling Session Pleasing
One For Every
body

Delegates to the state conVen.
ton of the American legion held
last week in Wheeling have return
ed home and report having had q
fine time. No coal man was elect
ed to any Of the offices but Wald'
ron e, Leonard Of Worthlngtou
was selected as a delegate to the
national convention TO be held at
Kansas City.
Tho selection OF "Muckie" Edmin'
ston Of Weston as state commander
seems to have met with universal
approval among the legionnatres.
Howard D. 4tatthews Of Parkers-
burg, was elected West Virginia g
member of the American Legion
national executive committee with
SO votes in the convention, defeat
ing DR.. F. NJ. Keen of Hundred,
who received ~ votes, and R. j.
Conley oeHFaiTmont with 81 votes.
DR.. f. M. Keen was unanimous.
" elected altarnsTe representative
Of the West Virginia department
on the national, executive, commit
tee. = :" = f,-,es =.
thirteen delegates wereTselected
! to represent the West Virginia de-
lpartmeut In the &national conyen'
tlon.at Kansas City, October 81. and
November l and 2. The delegates
are Isaac L. sIfton. BIuefield; w.
p. Leonard, WorthinEton, DR.. Gar
ret Morrison. Martlnsburg: Miss
! BERbel. Clifton, Parkersburg; Miss
Beabei Schuck, ParkerSburg;NMisl
Mary Price, Huntington; Sptllep
Hicks, BluefieId; George W, WI
SON, ElISins; Andrew Rock, Wheel
ing, William ]. Simmons, Hinton;
A. Bliss McCrum, Charleston; II /.
D. Matthews; Petersburg. and p.
j. Mckinley, Wheeling. Il
Thirteen alternate delegates e
kansas yCftyswereg also named and
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1921-10-03
Mrs. Frances Smith.
Is Taken By Death

Mrs. Frances Smith CAMEL,
aged AZ, wife OF E. A. CanneIl a
highly respected woman of this
community died Sunday morning at
about ten O'Clock at her home on
Bellview avenue after an Illness OF
several years OF a cancerous affec-
ton. The deceased Is survived by
her husband WHO is a civil enEin-
Ger in the employ Of the ConSolida-
ton Coal company and by daugh-
ter Miss Alline Smith. Her mother
Mrs. Almeta Smith resides at SlR-
ter, Mo. She is an invalid and
will be unable to come here for the
funeral.
The deceased was A consistent
member Of the Christian church.
She had been a resident Of this city
for atperiod OF about five years.
The funeral will take place from
the residence tomorrow afternoon
al 1890 o'clock and burial will be
made in the Jones cemetery by
Undertaken R. c. Jones.