davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-09-25
ODD LOT DEALING
CHARGES CHANGED
Brokers Cut Cost Of Trading in
Fifty-six Stocks to 1-8
Poipt Level.

Following a series Of conferences be-
tween representatives Of the New York
Stock Exchange houses which deal in
odd lots---that is. orders for stock in
less than 100 share lots--a new schedule
OF charges for such dealings has been
drawn up and fifty-six stocks, for trad
ing in which the odd lot dealers have
charged " point. have been
reduced to the u point level. Thus
there are AL stocks which traders In
odd lots may buy and sell at the cost OF
regular commissions plus X point for
the odd lot dealer.
No explanation OF the change was
made. but II Is understood that the
action was taken TO forestall some step
by tho New York Stock Exchange to
arrange a lower scale Of charges on
some issues carried In the X point list
Tho odd lot business has been q difficult
problem for the Exchange because OF
numerous complaints received against
the charges made by the odd lot dealers.
and. In some cases. against the prices
at which orders were executed. For a
long time the Exchange. through its
Governing Committee, has been consid-
ering the odd lot business with the View
Of altering tho trading method.
Most important among the stocks
which have been reduced X In dealins
charges are Allied Chemical. Bosch
Magnetic. American Sumatra. Chandler
Motors. Famous Players. General As
phalt. Gulf States Steel, International
Motors, Kelly-Springfield. Manhattan
an-American A. & b., Ma
tional Lead. Stromberg. studebaker.
United Drug. Realty. Wilson & Co..
Sloss-Shefficld. Sears-Roc-
buck and Punta Allegro Sugar.
The New York herald., 1921-09-25
FORD LINE PROFIT DUE
TO MOTOR SHIPMENTS
RailUay Executives Explain
Increased Earnings.

WASHINGTON, Sept 24.--Increased
earnings of Henry Ford's Detroit. Toledo
and Ironton Railroad were attributed by
the Association OF Railway Executives.
In q formal statement issued to-day. to
a heavy advance in shipments over the
road of automobiles, motor parts and
other manufactured products. Shipments
Of agriculture, forest and mine products.
the associations statement said. have
decreased since the Detroit manufac-
turer took over the road.
Figures as to traffic ovef the road in
April. May and June. 1921. contrasted
with those of the corresponding months
OF 1920. when the road was not under
Mr.. Ford's management, were presented
by the association to show that bitui
minous coal shipments decreased from
554.o5o tons In 1920 to 4s.s4O tons in
1921. and that bar and sheet iron and
similar shipments advanced from 20,9s0
tons in 1920 to 1o4.ss7 tons in 1921, and
automobiles and automobile truclxf reight
amounted to 1870 tons in 1920 and In
creased to 20S.570 tons during the COR
responding three months OF 1891.
These figures speak for themselves"
the statement said The coal, iron ore.
pig iron and chemical traffic declined,
while bar and sheet iron, castings and
vehicles showed great increases. In par
ticular does the movement OF automo-
blles and automobile trucks stand out.
The increase In metal parts shows that
raw or partly finished materials for tho
manufacture of automobiles Is being
shipped over the limo In quantities un-
known before Mr.. Ford acquired con-
troll
The drift from low grade TO high
grade commodities naturally was re-
nected in the average receipts per ton
mile. which has Increased almost so per
cent. since the Ford management took
charge"
The New York herald., 1921-09-25

the market Is quiet, but more confident
feeling prevails. as stocks are small.
Pig iron Is frmer and some furna ces
are asking an advance Of 81 a ton. The
demand is picking up and the market
has been stimulated by inquiries for a
large tonnage from New England.
Copper has been quiet. Some export
business has been reported through the
Export Association. mainly for shipment
to France and Germany. and there have
been inquiries in the market from Japan.
but Chinese buyers appear to have with
drawn and there has been little indica-
ton OF interest elsewhere. A few con-
tracts for October shipment are being
placed for domestic consumption, but
September requirements have been gem
orally covered and IL Is said that large
consumers are carrying copper forward
from month to month as their actual
operations have fallen below prelimi-
nary estimates
Lead has been in active demand. Pro-
are firm and advancing.
Tin Is quiet but generally higher in
response to the bullish showing in Lon
don and the East and to the Improvement
In sterling and silver.
Zinc rules Arm on n demand for
prompt shipment and decreasing stocks.
Shipments for two months have been
running well ahead OF the output and
some producers are unwilling to quote
for October and later.
Anthony In steady with advances
quoted for future shipment
The New York herald., 1921-09-25
DIVIDENDS AND INTEREST.
N A TION AL
It's Fifth Avenue,
New York.
DIVIDEND NOTICE.

DIVIDEND INUINE.
The Board Of Directors Of the National
Equitable Investment Company has declared
quarterly dividend Of TWO PER CENT.
on the Preferred Stock Of the Company.
payable October !. 1921, to stockholders of
record at the close Of business September "a.
1921.
Transfer books will be closed at II M. on
September "a. 1921. and viii reopen on Octo-
Der I. 1921
Checks for the dividend will be mailed
September 90. 1921.
EDGAR P. EAST. Treasurer.
September p. 1921
The New York herald., 1921-09-25
LONDON MARKET.

I.oSrox. Sept. e4.-Bar silver ili9d
an ounce. Bar gold iios. %. Money
2 per cent. Discount rates--Short bills
per cent. three months bills AS a
AZ per cent
The New York herald., 1921-09-25
sheet orders Come In Fast.

Most orders being booked by the
American Sheet and Tin Plate Company
call for black and galvanized sheets
from its regular distributing trade. those
coming from the Southern cotton States
being particularly heavy. Many large
orders, as well as contracts. are offered
TO sheet producers. some involving as
much as 5000 tons, but orders for
prornpt shipment only are accepted sub
1ect to the convenience OF the mills. Au-
tomobiIe sheets continue in fair demand.
No. 22 gauge full finished automobile
sheets are quoted at 4.35c. to 4.70c. base
Pittsburgh.
Can makers have had to make some
urgent calls upon manufacturers OF tin
plate IN the last ten days. owing to the
run OF salmon and sardines being great
er than expected. as well as the abb
normally large peach crop. The lead
ing interest is operating at a 80 per
cent. rate the McKecsport Tin Plate
Company started on Sunday night TO
operate all its forty-four mills, and the
Standard Tin Plate Company. at Can
onsburg, Pa, resumed in full this week.
While $5.25 a base box. Pittsburgh.
appears to be the general price. IS has
appeared from two or three directions
recently. so that the market Is quotable
hNFeO 10 So.~0. ctoCk piHte mas soiu dii
the way from s4.25 to IS.
Several grades OF steel scrap have
moved up so cents ton. Most OF the
transactions are between dealers, but
some steel companies will take in scrap
supplies for stock IL the prices are
sufficiently low. Since the s13 price has
virtually disappeared on heavy melting
steel, the quotation on that grade is
marked up this week to $3.50 and sl4.
Other grades have been advanced slight
".
The New York herald., 1921-09-25

Institutions CLEARING Through Members-Average Figures
For the Week Ended September 49, 1921
The New York herald., 1921-09-25
METALS.

The recent advance In the price of
steel wire and sheets has given the
whole steel market firmer tone, all
though some manufacturers are still on
The old basis. The advances were espe-
,ially helpful because II has come 10
light that large export orders for steel
we're booked before the rise and that
some good domestic business also was
placed, ali of which will Increase the
output materially. In other dirScsions
The New York herald., 1921-09-25
FINANCIAL NOTES.

Norbert Rosenband has prepared a report
which describes present Mexican conditions
and Developments aud contains a. list OF
Mexican external bonds.
Harold n. Smith, who made his head
quarters In Wnre a Trantor's office. Is
with II. Il. Leland a Co. as manager of their
unlisted securities department.
a. ~. Fitlin, Of the firm bearing his
name. left for Europe yesterday 10 investi-
gate conditions on the Continent.
The New York herald., 1921-09-25
SUGAR.

The raw sugar market was quiet yes
terday and. in the absence OF business,
prices were nominalIy unchanged. Porto
Ricos being quoted AZ use. G / r.. while
full duty sugars were held at 2 &c.
c. |. f.
AS most rcfners' Offices were closed
there was little disposition to do busi-
ness, although offerings were not ag-
greaslye and. if anything. the mariset
appeared to have little steadler under
tone. business IN refined sugar con-
tinues OF hand-to-mouth character and
prices were unchanged at SEQ - 5.6p
for fine granulated.
Tho range of prices IN -rday's
sugar futures market follows.
The New York herald., 1921-09-25
COFFEE.

The better tone which has shown It.
self In the coffee market during the last
several days was more pronounced yes
terday and prices for December con-
tracs made new high ground for the
The New York herald., 1921-09-25
CABLES.

Rio futures unchanged to Is higher. De-
cennber, 12S250. Dollar rate los lower at
1926. Exchange unchanged at 8 e-fGd. Re-
ccipts 1900 and stock ,601 900 bags. San
f4ss75. Receipts 81 900 bags and stock
3.0sf 900 bags. Receipts at ports 5000
bags. against "a. 900 last year and 5000 two
ii. 900 and 81 200, and Jundiahy 2s,OO0
against $4,000 and 10000 bags. respectively.
The New York herald., 1921-09-25
HARDENING IN STEEL
PRICES CONTINUES
Production Now One-third Of
Capacity, Compared With
a Fifth in July.
PIG IRON MARKET QUIET
.Semi-Finished Materials Are in
Z More Demand in Pitts
burgh District.
PIG IRON MARKET QUIET

Special Despatch to THE NEW YORK HERALD.
Z PITTSBURGH, Sept. 24.-Following the
advance in wire products of 81 to 50
ton at the beginning of last week,
sheets advanced SIS a ton this week.
Nearly all the independent sheet mills
announced advances last week, and this
was followed by the United States Steel
Corporation with a similar advance on
"Wednesday.
This brought considerable covering at
q the old prices, so that mills are oper-
ating at better rates than for a long
time. The Steel Corporations sheet
mills operated.at a 20 per cent. sched-
ule this week.
/. In contrast with developments in wire
and sheets, pipe mill products have been
formally reduced by lists dated Septem-
Der 16. In most of the pipe mill prod
-ucts the reductions go beyond the ex-
trcsne cut prices lately made. and the
chances are good for a stable market
being established. l,,fn .s s.
With some products advanced and
some reduced. bars. shapes and plates
lie in a third class. as they have not
visibly changed In price. They are
rather irregular, with extreme prices
sometimes named on orders that 10 not
look desirable. while a month ago 1t
was only a desirable order that drew
q close price,. Hoops are stiftcr.
Obviously the continuous and clear
cut decline In steel prices generally is
over. A generally advancing tendency
in prices is improbable. but some adj
yances may be maintained.
Steel production is now at about one
third OF capacity. against not over one
fifth at the middle Of July. A really
satisfactory operation is not expected
before next spring. Steel demand has
been below normal relation to the vol
ume of general business for several
months, and is entitled to some further
recovery without the aid OF any i'm
provement in general business
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10

some extraordinary figures. That
3,473.4 .466 persons, or onethird Of
the country's total working popu-
lation in these lines, should be idle;
that the percentage of idleness
should rise as high as 50 in Michi-
gan on account of the prostration
of automobile manufacturing and
should average from 28 per cent
for New York State to 3S percent
for Massachusetts,, 43 per cent for
Connecticut, Al per cent for llli-
|nois and so per cent for Ohio and
Indiana these startling proper
tions do not more arrest attention
perhaps than the swiftness with
which the great slump has come.
1t was hardly six months ago that
these industries were proceeding
at the top notch.
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10
YORK Is MANY
TIMES CONyICTED'

C. J. York, long a friend of weak
and suffering humanity in Haakon
and adjoining counties, was con-
victed last week in circuit court
at Kadoka for peddling moonshine
A few weeks ago he was convicted
of the. same offense in Stanley
county, and prior to that in Bea,
die county. He was a gay fellow
in his day. and brought much
cheer to all of us, but this rude
untimely end makes us cry out IN
the words of Hamlet, addressed
to the skull:
ALAS, poor Yoricki | knew him,
Horatio;. a fellow of infinite, of
most excellent fancy ..... Where
be your gibes now, your Rambols,
your songs, your flashes of merri-
ment, that were won't to set the
table roaf?"
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10
SEEK LOWER FREIGHT RATES
WEST OF THE MISSOURI
RIVER

For just about fifteen years
now the freight rates in force west
of the Missouri river have been a
constant source of argument be-
tween the railroads and shippers.
The Interstate Commerce Commits
sion at Washington is now taking
hand In the matter, and at the
request of the South Dakota Rail-
road Commission, will hold a hear
ing at Sioux Falls commencing on
February 18th. The object sought
is to adjust and lower, if possible,
interstate rates from points out
side South Dakota to points in the
western part of the state. We un-
derstand that the rate on coal is
one of the rates under attack.
That certainly presents a situation
worthy of investigation, and every
body in this locality will watch
developments with a great deal of
interest.
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10
ST. PAUL WOMAN
IS ENTHUSIASTIC
CoaI Hardly Eat or Sleep Before
She Got Tanlac- Health
Restored

"The way Mrs. A. Kostner, Of
194 Fairfield Ave. St. Paul Mimi.
talks regarding the benefits she
has derived form the use ~ Tmlac
is just the way tho lsanls IF CRATE
full men and 8o.nca evc1ywhere
are praising the medicine.
II anlac has completely relieved
me of trouble that had ben pull
ing me down two years. said Mrs.
Kostner, and I'm just as CRATE
full as | can be toward the medi-
cne. My appetite was to poor that
| ate little more than enough to
keep soul and body together and
was in terribly rundown condi-
tion. There were certain fools I
didn't dare eat at all, and at times
/ would become badly nauseated
i was os nervous | didn't know
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10
UNEMPLOYMENT is
BECOMING SERIOUS

Here In Haakon county, far from
the busy industrial centers of the
country, we hardly realize how
serious unemployment is becoming
in our country. England thinks it
has a serious unemployment prob
lem. There are million idle wor-
kers there. But there are nearly
four million laborers out of work
in the United States.
The Department of Labor's un-
employment survey of manufacture
ing and city industries brings out
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10

what it was to get a good nights
sleep and was simply miserable
i saw where Tanlac was bene-
fitting so many others that | be-
gan taking it myself and it has
given me a ravenous appetite and
has put met in the best of health
again. I'm feeling just fine now in
every way and am certainly thank
full to Tanlac for setting me right.
Tanlac is sold in Philip by F. G.
Schwartz and in Dowling by Day-
id L. Payne.
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10
CONDEMN HIGH PRICED
STOCK FOODS
Prominent Hog Rraiser Says Prices
Charged Are Unwarranted
Makes His Own Hog
Food With Better
y.-~
Results

That he is al Through paying
fancy prices for stock foods and
hog remedies and that he is rails
ing some of the best hogs ever
placed on the market was the
statement made recently by E. II.
Beckstead, well-known hog raiser
and authority on live stock.
Mr.. Beckstead's hogs are the en-
vyof his neighbors, and have top
ped the market" for several years
in Iowa. He states that for years
he bought high-priced hog foods
and hog remedies, but he is all
through paying extravagant prices
for what he can make himself. He
states that what the hogs need
are minerals, and tells the secret
of his wonderful success by ex-
planning that he takes about five
pounds of ordinary mineraline
(which is pure concentrated min
erals and cost only a couple Of
dollars) and mixes same with
sAenoh hran or filler To make a
hundred pounds. All hogs, and
especially brood sows require min
erals as they keep them free from
worms and in the pink of condi-
tion, and are essential to the hogs
growth and well balanced ration
This inevnensive mixture placed
in sheltered box where the hogs
can get at it as they need it, will
produce far better results than any
high-priced so-called stock foods.
Send two dolaIrs to the Miner.
aline Chemical Co., 1888 North
Wells ST., Chicago, ILL.,, and they
will forward you by prepaid par
eel post, enough mineraline te
make a full hundred pounds.
(Adv) 13 At
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10

Centerville had something of a
sensation last week when a thirt-
cen year old boy became intoxica-
ted as school, fell over in class,
staggered to his feet AGAIN, foam
ed at the mouth raved, sreamed.
struck wildly at his classmates.
and acted like demented person
generally. I'm fact the occurrence
has produced something of sem
sation over the state.
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10
UNCLE SAM TAX COLLECTOR
HERE AGAIN

All our dear, prosperous readers
here in Philip and out in the coun-
try, who paid an income tax in
1920, are being asked by their Un-
Gle Samuel to kick in again. The
office of the internal revenue coll
lector at Aberdeen has just sent
out a blank to the old tax payers
of last year upon the suspicion
that they might wish to do so
again. We anticipate that no one
in this community will get tramp
led on this year in the rush OF
other eager, prosperous patriots,
anxious to pay their income tax,
but the matter may have specu-
lative interest to our readers any
way.
Uncle Sam, through the bureau
of internal revenue is addressing
to every person in the United
States the question, What was
your net income for 1920?" The
answer permits of no guess work.
Every single person whose net in
come for 1920 was $1,000 or more
and every married person whose
net in come was $4,000 or more,
is required to file a return under
oath with the collector of internal
revenue for the district in which
| he lives on or before March Is
1921.
The penalty for failure is fine
of not more than $1,000 and ar
additional ass assessment of 25 pc,
cent of the amount of tax due
For wilful refusal to make re
turn the penalty is a fine of not
more than $4,000 or not exceed
ing one years Imprisonment, ol
both together with the costs O.
prosecution. A similar penalty /!
provided for making a false o.
fraudulent return, together will
an additional assessment of so pc
cent of the amount of tax due.
| The income tax applies to wo
men as we'll as men. Husband ant
wife must consider the income o.
both plus that of minor dependen
children, and if the total equal
or exceeds $1,000 a return mus
be filed. A minor who hasa ne
income in his own right Of S1,00'
or more must file a separate re
/ turn. To be allowed the $1,000 ex
,mption a married person mus
be living with husband of wifi,
m the last day of the taxable yea
December 81, 1920. Divorces, per
sons separated by mutual agree
nent, widows and widowers, unles
they are the sole support OF other
living In the same household, il
Which case they are allowed tn,
$4,000 exemption granted the heat
Vt q family, are entitled only t.
s1.0G0 exemption.
The normal tax rate for 1920 i
The same as for 1919-4 per cen
on the first $4,000 of net incom
above the exemption and 8 pc
cent on the remaining net income
This applies to every citizen an,
resident of the United States. Il
addition to the normal tax a sur
tax is imposed upon net income
in excess of $1,000.
| Full instructions for making on
returns are contained on the form
copies of which may be obtaine'
| from collector of internal revenue
Persons whose net income for 1872
| was 5000 or less should use ferr
| 1040A. Those with incomes in ey
cess of $1,000 should use form 104t
| Revenue officers will visit ever
county in the United States to as
sist taxpayers in making out thei
returns. The date of their arriva
and the location of their office
will be anonunced upon inquir
at the offices of collectors. Thi
advisory service is without cos
to taxpayers.
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10

For Sale or Trade: Rumley steam
engine, 25 h p and Avery Separa-
tor, 34x56, and sete of six plows.
In good condition. George Brooks,
Elbon, S. D. IL If
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10

For Sale or Trade for Stock:
new 400 Chevrolet, four. passenger
and one good Ford touring car
A. E. Denny, Philip. IL If
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10

You take no chances on poor
bread when you buy frisco
Flour. Farmers Elevator & Seed
House.
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10

Taken Up: One 3 year old Red
Steer banded USMAL on left side.
Geoge Brooks, Elbon, S. d. IL 3t
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10
PATRONS:

Due to the open winter,
present financial conditions,
my inability to secure more
and better floor space, my
method of doing business (buy-
ing and selling for CASH /
find it necessary to place at
your disposal at this time, my
entire stock of Boys Young
Mems and Mems wearing APP
parel for the next week, start
ing Friday, February 18th, at
prices on level with pre-war
times.
| need to make a cleanup,
for more room for my spring
stock.
| also find / need more
ready cash before leaving for
the east to make my spring
purchases.
BY my method of buying and
selling for cash | can give you
far superior merchandise for
less money.
Remember we do just as we
advertise.
Yours truly,
A. r. sEGAL
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10

For Sale: Three piece mahogony
leather parlor set. Price $50 90.
Box 156, Philip, S. d.
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10

Watch for the Specials Saturday
at r. M. Williams Store.
The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1921-02-10

$1.00 Caps, cleanup, -. s .55
$3.50 Caps, cleanup 49,. S1.S5
$3.50 Caps, cleanup ...... S265
S4.00 Caps, cleanup ...... S2.95
$3.50 Caps, cleanup 49,. $685.