davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-04-10
MOVES OFFICES TO NEW. YORK.

The American Bond and Mortgage
Company has moved it's main offices
from Chicago to New York and has
opened its national headquarters In 562
Fifth avenue. The company, which has
financed large building projects in many
cities. has offices in different sections OF
the United States. Among its operations
are loans to John X. Thompson & Co.
and for the Selwyn- Harris and the State
Lake theatres in Chicago, and an Offer
OF s1,650, 600 In bonds issued against a
building being erected In varick street.
which will contain a postal station
The New York herald., 1921-04-10
OTIS ELEVATOR PROFITS RISE
Reports Net OF &26.05 a CommO OIL
Share Earned in 1920.

The Otis Elevator Company reports
for 1920 net profits. after charges. de-
probation and taxes. of $2,ss0.277. or
s26.25 share earned on its outstanding
common stock after deduction of its
preferred dividends. It's 1919 earnings
were equivalent TO sle.oi share on its
stock.
In 1920 It's earnings. after charges, re-
pairs. paaintenanoe, &c. were s4.645. .749
and its interest charges $1l6. .472 its Fed
erai taxes si.J00oo and Its pension fund
reserve $4,000. Dividends of $3.50, 900
were distributed in 1890 on Its preferred
stock, and si.4s0,2T was set aside in
that year as an additional reserve for
working capital, leaving a surplus for
the year of $1.00o,O00.
The New York herald., 1921-04-10
standard Oil of New York.

Neither confirmation nor denial could
be obtained yesterday of the report that
the Standard Oil Company Of New York
was considering again plan for in
creasing its capitalization with the view
Of declaring a large stock dividend. Sew
eral months ago the company announced
its intention Of increasing its capital
stock from $75,000.000 to $225.O00.0OO
and declaring a stock dividend OF zoo
per cent. a special stockholders meet
ing was called to authorize the increase;
but insufficient proxies were obtained
to permit the elimination Of the plan,
and 1t was abandoned for the time. The
present plan calls for q stock dividend
Of $50 per cent. which would mean an
increase in capital to at least $1s75oo,-
900.
The New York herald., 1921-04-10
Texas Company.

An extensive programme of expansion
has been mapped out by the Texas COM
pany. according to reports from it's head
quarters in Texas. Proceeds from the
sale Of $21. 1.450.000 OF additional stock
of the company are to be used for that
purpose. The company denies that any
part of that money is to be used for
the purchase OF crude oil and 1t states
that ell such purchases are made out of
general revenue. Not only is the well
drilling programme of the company in
the United States and Mexico to be en-
larged but important additions are to
be made 10 its marketing facilities
throughout the world.
The New York herald., 1921-04-10
GRAIN GROWERS, BOARD MEETS

CHICAGO, April s.--The first business
session OF the temporary board Of direc
tors OF the United States Grain Grow
ers. Inc, the national cooperative grain
marketing corporation organized by
farmers representatives, was held here
to-day. G. II. Gustafson OF Lincoln.
Neb., has been chosen chairman of the
temporary board and Frank M. Myers
OF Fort Dodge, Ia, temporary secretary.
Both officers were members OF the COM
mlttee OF seventeen which promoted the
farmers national grain nnarkctisg plan
The New York herald., 1921-04-10
Steel Prices.

Considerable gossip about steel prices
is going the rounds Of the trade and
the financial district and the statement
of Judge Gary on the steel situation. ex-
pected to be made this week, is awaited
with great interest. A report, which
gained considerable circulation yester-
day. particularly among independent pro-
ducers, was that the corporations sched-
ule Of prices would be readjusted to the
level reached by independent corpora
tions in their recent raise.
The New York herald., 1921-04-10
Pure OIL In Merger.

Officials Of the Pure Oil Company OF
Minnesota have announced the merger
Of that corporation with the Pure OIL
Company of Ohio, giving the latter
company large distributing and mar
keting organization in the Northwest.
The main plants OF the Minnesota COM
pany are ir Minneapolis, and it has
branch distributing units extending as
far west as Spokane, Wash. 1t has also
plants in Saskatchewan.
The New York herald., 1921-04-10
U. s. Currency Coming Home.

Financial houses with European con-
nections report large receipts of Ameri-
can currency in the last few weeks. One
large firm has had upward Of 100000
in United States paper Of small de-
nominations shipped to it from central
Europe within the last two months. The
latest consignment included 5000 500
bills Most of the money that Is COM
ing home probably represents remit
tances sent long ago by immigrants and
others to relatives in Europe. Some of
1t may have been spent in Europe by
American soldiers.
The New York herald., 1921-04-10
SILVER MARKETS.
FIRST IN POSTAL SAVINGS.

wAsHINoToN. April 9.-Deposits In
the United States postal savings system
were approximately s161,15o,ooo on
April /. the Post Office Department an
nounced to-day. Phoenix, Ariz., with
deposits for March totalling s15s.064,
led in the gains for the month and
Jumped from 18th to fifty-eighth rank
in the total amount on deposit Boston
came second in the monthly gain with
s14e,Se2, New York third with sS14.491
and Globe Ariz.. fourth with s21.700.
one hundred and forty-three postal de-
positories have more than 100000 on
deposit.
The New York herald., 1921-04-10
Local Borrowings Higher.


Member banks in the second Federal
Reserve District increase their borrow
ilgs on bills discounted $23.V0o.000 dur
ing the last week. against repayment
or bills discounted for the other eleven
banks of $92. 100000. The local Reserve
Bank lost $63. 200. 900 in reserve. against
a gain Of $s2.000.0o0 by the other eleven
banks. Note circulation of the local
Reserve Bank fell Off S9,000,0o0, In con-
trast to s7,000.000 by the other eleven
banks. The report showed that the other
reserve banks gained in their reserve
ratio position at the expense OF New
York, due to the start or the normal flow
of funds away from New York. the local
statements ratio of total reserves to de-
posit and Federal reserve note liabili-
tics combined dropping from 56.7 per
cent. to 53.8 per cent. and the other
ratio declining 6 points.
The New York herald., 1921-04-10
Arrival OF Gold.

A consignment Of 325 cases OF gold
from Sweden. valued at s5.600.0o0. and
OF which zoo cages are consigned to
Kuhn, Loeb & Co, Is coming to this
country on the Stockholm. due on April
13. An official statement issued yester-
day in London, said that f2.479.SO0 In
gold was exported TO this country dur
ing the week ended yesterday.
The New York herald., 1921-04-10
Listing AppIicatfo

Application has been made to the New
York Stock Exchange for the listing of
the following securities Middle States
Oil. $2.250,000 Of additional capital
stock; Sinclair Consolidated Oil. S47,-
7S1.300 Of five year convertible gold
notes and s247.700 Of per cent. sink
ing fund preferred stock.
The New York herald., 1921-04-10
Cudahy Packing Dividends.

The directors of the Cudahy Packing
Company have passed its regular semi
annual dividends OF per cent. on its
8 per cent. cumulative preferred stock
and ~ per cent. on its per cent.
cumulative preferred stock. due now
The action was explained in q state
ment issued by the company. saying
that it was taken 10 conserve its re-
sources during the present business de-
preston.
The New York herald., 1921-04-10
GARY HAS NOTHING TO SAY"
Returns From Const-Conference
Scheduled for This Week.

Judge Ebert Fl. Gary, chairman Of
the United States Steel Corporation, re-
turned yesterday from months trip
to the Pacific Coast. via the Panama
Canal. and back by the overland route
He was accompanied by Mrs. Gary.
The judge said that he had nothing
to say about the steel business. He
went directly to his country home on
Long Island and said that he would be
In his office tomorrow morning. Con-
ferences with officials OF the corpora
tion are scheduled for the next two or
three days
The New York herald., 1921-04-10
BUTTE AND SUPERIOR REPORTS

The annual report Of the Butte and
Superior Mining Company for 1920
shows a surplus. after charges and Fed
eral taxes, of S1ST,929. or 81 cents a
share earned on Its outsta nding capital
stock. against s2.9s a share earned In
1919. Its revenues were $3,77S.276 and
operating costs and depreciation s3,6S2.-
ofe. Other income totalied sss, ,43a, and
$is7,929 was transferred to surplus after
all charges.
The New York herald., 1921-04-10
Rail stocks Heavy.

Heaviness in rail stocks was partcu-
larly noticeable in yesterdays market
when such stocks as Northern Pacific,
at 731A. and Pennsylvania, at $685. es-
tablished new low marks for the year.
Reading was weak feature. selling un-
der 81. In the covering process. which
started in mid-morning, the rails and
the industrials snapped back rapidly and
most Of them closed with but fractional
declines.
The New York herald., 1921-04-10
TOPICS OF WALL STREET.
Reserve Ratio Rises.

A substantial gain in reserve ratios Is
reported in the consolidated statement
Tor the twelve reserve banks. due to a
gain Of $50. .000.00 in reserves and con-
fractions OF $44,oO0.000 in deposits and
s16.000,000 in reserve notes In circula-
ton. The earning assets of the twelve
reserve banks fell off 75,000,00o, bank
borrowings on bills discounted dropping
rearly $70.000,000. Bills discounted in
the consolidated statement are S2,164.-
i54. .00O against $2,214, $4,000 week
ago and $2.367,53S, 900 year ago. Re-
serves In the last year have increased
nearly $400,000.0Oo, of which slightly
more than $500, ,o00. 900 has been in gold.
The New York herald., 1921-04-10
COPPER COMPANY SHOWS LOSS.

InspfraffOn COnsOIfdnted HepOrts
Surplus of *2,294,278 for 1920.
The report of the Inspiration Console
dated Copper Company for 1920 shows
surplus. after charges and Federal
taxes. of s2,2s4.276. or $1.s4 a share
earned on It's outstanding capital stock,
against $4.1S6.629, or $3.54 share
earned in 1919. After payment Of divi-
dends there was a deficit in 1920 Of
$1.S42 500.
Sales of copper for the year aggre-
gated s10.033.70S. against s11.045.221 in
1919. Operating expenses. taxes. &C.,
totalied S7A19.190 and depreciation
charges S64s.71s. Other income amount
cd to $32S.479 and dividends to $4,136.-
sS5. The total surplus on December 81
was SS.036,650.
The New York herald., 1921-04-10
Block OF PennsyIvania Liauidated.

1t was reported yesterday in promi-
nent brokerage house that block of
Pennsylvania. held in its strong box by
an institution for several years, had been
liquidated this week. The block is re-
ported to have amounted to approxi-
mately $500 shares.
The New York herald., 1921-04-10
~ 400. 900 LOAN TO 500 LINE.

wAsHINoroN, April "a partial pay
ment of s1,4oo,000 to the Minneapolis
st. Paul and Sault Ste. Marie Railway
under the guaranty provisions of the
transportation act was announced to-
day. The Treasury announced also a
guaranty payment Of s150.000 to the
Minnesota and International and loan
OF 100000 to the Fort Dodge. Dcs
Mclnes and Southern
The New York herald., 1921-04-10
FINANCIAL NOTES.

The firm Of sharretts Ford. dealers In
investment securities, 81 Exchange place, has
leen dissolved by mutual consent. fte BUSH
moss VIII be continued by Mr.. Ford under
the name OF Joseph Bird Ford at the same
ADDRESS Mr. sharretts has become associ-
ated with Robert s. Ross. Inc, 80 Pine street
The New York Trust Company has been
named as trustee under an agreement dated
Murch 1, 1921. given TO secure an issue OF
s. .0O0, 900 OF Rolls-Royce OF America. Inc.
per cent, sinking fund gold notes due on
March !, 1921.
TG Irving National Bank has been APP
pointed transfer agent and registrar of the
Garfield Trade Finance Corporation OF New
York.
on behalf OF the syndicate which offered
che bonds Coffin a Burr. Inc... announce
that the issue OF &2,IJ0,000 OF the Detroit
funding mortgage gold bonds has been sold.
The New York herald., 1921-04-10
DIVIDENDS.
stock Of
- r.

Stock OF
Record Payable.
Can't Guar Corp a. Apr "a MAY .
cSpey cSpsy sugar sugar b. 3D. a. Apr il May
r.. Worth Pr, pti o. s,.Is q Apr Apr u u Nay Nay
hlgersoii ii,j Rand. a.. $3.50. Arr. i5 Apr. 80
storer Mfg co. pr. a., ti.75.Apr 20 May
Russell Motor Car Corp. a. a. 49,.
iySssell Motor Car corr. " NJ,
The New York herald., 1921-04-10

Proposed new partnership. Morley,
Wood Co, May 2. 1921. Philadelphia );
joseph e. Morley. Alexander c. Wood,
Jr.; James Warnock, Jr.. and Holstein
DeHaven Fox.
The New York herald., 1921-04-10

Proposed changes in hrm. Charles
Fearon & Co. Ito retire April 80, 1920,
Joseph E. Morley. Alexander c. Wood,
Jr,, and James Warnock. Jr.
The New York herald., 1921-04-10
FOREIGN MARKETS.

LONDON. April 9.-Bar silver, 33ssd
an ounce. Bar gold, 104s. lid. Money
81 per cent Discount rates: Short
bills, ~ per cent. three months bills.
6k d6 3-16 per cent. Gold premiums at
Lisbon. lao.
The New York herald., 1921-04-10

PARIS. April 9.-Prices we're steady on
the Bourse to-day. Three per cent.
rentes. 56f. BE-. exchange on London.
55f. 2oc; per cent. loan. s3f. CSC. the
dollar. 14f. 19l1c.
The New York herald., 1921-04-10
Butte, Anaconda & Pac. SIS 1914
Columbus Power SIS 1886
Corscl,J,fod Goal re 1Qr0

Butte, Anaconda & Pac. SIS 1914
Columbus Power SIS 1886
Consolidated Coal S. 1850
CIeve., Akron & Columbus SIS 1927
Georgia Midland IS 1916
Kansas City Southern IS 1850
Louisv. & Nash. St. L. Div. IS 1880
New Amsterdam Gas 5s 1948
Norfolk & Western Con. As 1896
N. Y. & Westchester Ltg. As 2004
Newport & Gin. Bridge 4las l945
Oregon Wash. R.R. & Nav. 4s 1861
Oregon & California SIS 1927
Penna. Water & Power SIS 1910
Union Pacific Refunding As zoos
Utah Northern SIS 1926
Atlantic Lobos Com. & Preferred
Cities Service (All Issues)
Penna. Coal & Coke
Standard Paint Co.
DuNnA'M NIL. NM!
43 Exchange Place New York
Telephones SS00-16 Hanover
The New York herald., 1921-04-10

New address. c. r. Irwin. Martin, at
M. c. Bowler & Co, 20 Broad street.
The New York herald., 1921-04-10
STOCK EXCHANGE NEWS.

Membership posted for transfer. John
A. McElroy to Charles Henry Mellon
sponsors. John G. Bates and A. Hayward
McAlpin.
The New York herald., 1921-04-10

New partnership, Bell & Beckwith.
April l, 1921, III Broadway: James b.
Bell, L. b. Beckwith. George w. Shaw
and r. II. Scribner.
The New York herald., 1921-04-10

Branch offices. Bell & Beckwith (new).
Toledo. resident partners Cyrus J. Law
renee & Sons. is East Forticth street.
discontinued L. Lowitz & Co., Mime
apolis. discontinued; Post Brothers &
GO. (new), Greenwich. Conn. Alexander
Stobo, manager.
The New York herald., 1921-04-10

Dissolution OF partnership. on April
1921, Secor, Bell & Beckwith.
The New York herald., 1921-04-10
MONEY MARKET.
SATURDAY, APRIL 2.
CALL MONEY FOR WEEK


COMMERCIAL PAPER.
Pest names. TO 6 months. ........ ta1S
other names 3 to months. ....... TAwS
DISCOUNT RATES. RESERVE BANk.
Commercial paper. Is days, q; 10 TO so
DAYS. T. Liberty bonds and Victo.y notes,
is days, @; 10 to 90 days. 8. Ban@ers ac-
ceptances 10 to 90 days. 8.
OPEN MARKET RATES.
Prime eligible acceptances. on call. q, re-
Accountable at Reserve Bank. 60 tt ,,fy-,
ss.SS5s.. non-members and private bankers.
eligible. 60 TO 30 days, 6isQ5h non-eligiblc.
so to 30 days, 7lt@65s.
CLEARING HOUSE STATEMEN
f,iaa ring house exchanges, $6ie. .2O0, 1853:
balance, SOL, ,e13, ,ee1; Federal Reserve credit
balance. S49.a22.5 .5sI.
SILVER MARKETS.
official bar silver In New York, domestic,
eoiLc an ounce. unchanged: foreign. 5S%c..
in nc: London, 33ssd., UP Nd; Mexican
dollars 44hc., UP ssc
THE range OF silver prices this year:
Highest. Lowest.
ondon 42l,d. Jan. . 30ssd. March
New York ..... esNc. Jan. o o2hc. March
The Bridgeport times and evening farmer., 1921-03-01
HAVE COLOR IN CHEEKS
Be Better Looking-Take
 Olive Tablets

If your skin is yellow complexion pallid-tongue coated-appetite poor you have bad taste in your mouth- a lazy, no-good feeing-you should take Olive Tablets
 Dr. Edwards Olive Tablets-a sub stitute for calornel-were prepared by Dr. Edwards after IF years of study.
 Edwards 'OhveT Tabletsareap purely vegetabiecompound mixed dwith oliveoii. You will know them by their olive color no pinlples. a feeling of buoyancy like chlldhooddays you must get at thecause
 Dr. Edwards Olive Tablets act on the liver and bowels like calomelEyet have no dangerous after effects.
 They start the bile and overcome con- stpation. Take one or two nightly and note the pleasing results. Millions of boxes are sold annually at 15c and soc.
The Birmingham age-herald., 1921-04-10
JUNIOR CHAMBER
 USED ASA MODEL
Number Other Cities 0rganiz- ing Such Bodies and Asking
 for Information
Main 52s0

The Junior Chamber of Commerce's fame and prestige have gone abroad. Numerous inquiries are received from other cities asking about the method of organization.
 Among the cities planning installation of junior chambers are Huntsville, At- lanta. Montgomery, Gadsden and Tusca- loosa, The junior chamber started with A members four months ago. l. now has 700 and the list grows day by day.
 The junior chamber Is about to install its class in sales and advertising. The committee in charge will mees Monday evening at 7:ao o'clock and map out the schedule of study and lectures which has been suggested by 10 prominent sales agents and advertising men. F.. R. Smith is chairman of this committee.
 Annual meeting of the junior chamber has been postponed to April 13
 Nominations for president nave begun jce P Mudd. the incumbent. and Paul -Angeil have already been nominated. with others to come
 The Api.l dinner will be served at the Tutwiler hottl April 20. Outsiders are invited to attend at g 50 per plate. Each guest Is inv.ted to bring a soldier.
The Birmingham age-herald., 1921-04-10
COURT RESTRAINTS
 "WE-TOTEM'' C0.

Temporary injunction was issueo yesterday by Judge w. I. Grubb of the Tinted States court restraining the Ma tional Distributing company and the we-Totem Service companies from an alleged infringement on patent wnich was alleged in the hearing to be owned by Mitchell F. Davis. The Nationai Distributing company and the we Totem Service companies made bonds to the extent of $7,500.
 The petition for the injunction was filed last Tuesday by Mitchell E. Davis through his attorney, Horace c. Afford. The hearing was brought up yesterday morning. There are seven We-Totem companies operating in Birmingham, one for each truck, while the Nationai Distributing company, it was alleged in the petition, is the holding company of the various service companies All the service companies with their offi- cials were made respondents in the suit.
 The complainant alleged at the hearing yesterday that he was the sole owner of the patent for the device and further stated that he filed his papers for the device on September 6, 1918, anu that the patent was granted to him on March 15, 1921.
The Birmingham age-herald., 1921-04-10
LAT TIMER TURNED
 LOOSE BY CORONER

Dan Lattimer, who was arrested in connection with the killing of John Biv- ens union miner., near Labuco on April |2, was released from the county jail yesterday on orders of Coroner J. D. Russum.
 Lattimer together with w. T. Milligan and W. B. Newell, was arrested by Dep uty William Alexander few hours after the shooting Following an investigation by the coroner, warrants charging Mill ligan and Newell with murder were sworn out before Judge H, B. Abernethy in the Jefferson county court of misde- meanors.
 Lattimer is believed to have turned states evidence. Neither the coronor nor solicitor would make any statement re- garding the matter. Milligan and Newell will be given a preliminary hearing be- fore Judge Abernethy on April 19. ac- cording to the setting of the docket in that court.
The Birmingham age-herald., 1921-04-10
FARE REFUNDS

An unusually large number of out of town merchants came to Birming- ham the past few days and had their transportation refunded by the Mer- chants and Manufacturers association of the Chamber of Commerce after trading with members of that body. The list of recent visitors follows:
 R. M. Benefield, Boaz; Hes and 1o- Cent store. Sylacauga; R. T. Dunnam, Helena; Tombrello & Co.,, Cardiff; Yo- lande Coal and Coke company, Yo- lande; Palos Mercantile company, Palos; I. Mandelcorn, Bessemer; John S. Curtis & Co.,, Double Springs; Sam Kartus. Bessemer; L. c. Walker, Siluria Wilson Bros & Co.,, Brilliant; J C.. Wilkey, Adger; Cranford Mer- cs ntile company, Jasper: Nasty & Mosely Warrior; MT. Daniel. with De- Bardeleben Coal company. Sipsey; M. Vines, Bessemer; Sykes & Co.,, Besse- rner; !. L. Walker, Siluria Sam Kartus, Bessemer; L. M. Gagood, Leeds; J. D. Love Trafford; w. J. Carlisle, War rior; Jackson Hill, Brent; w. c. Cooner Jasper: w. T. vandiver, Cuilman; R. H Matthews. Littletown; Glenn Bros Trussville; Johnson & Son. Trafford; Carter & Nichols. Brent; Bradford Mercantile company, Dixiana; Temer- son & Co. Cordova.
The Birmingham age-herald., 1921-04-10
WANTS zON|NG LAW
 ENACTED BY STATE
 ID AVOID QUESTION
pr. Barrett Sees Long Delays and Expensive Litigations Facing Cities Unless Pre-
 cedent Is Established

Working out of a general zoning law to be passed on by the next state legislature is advocated by Dr. N. A.. Barrett, president of the city com mission. He regards this as the best means for avoiding litigation in dis tricting cases which arise in munich palites.
 Using as a nucleus the general zoning committee of citizens, which will formu- late general zoning law for Birming- ham, Dr. Barrett would have state law drawn which would back up such an ordinance passed by a city.
 LITIGATION
 Recent cases which have involved the city in litigation were pointed out by Dr. Barrett as demonstrating the need of a state law on the subject Legal fights of such length as these promise to be would be avoided with basic law to fall back oa when the decision of the city is questioned
 "I believe state law on the subject is necessary for proper handling of the zoning prob en-, said Dr. Barrett. The committee an zcnng now being organ ized can do no better work than to draft measure to be passed on by the state legislature"
 Members Of the general .ommi+tos, which will confer with the city com raission on proposed general zoning laws for Birmingham. will be named during the week by Dr. Barrett, he stated Nominations from all the organizations requested to make them have not yet come in, causing the delay.
 TEST CASE
 Meanwhile, the Dexter case at Eigh- toenth street and Tenth avenue, south, is iii the balance, with the neA. move to come from the city. Judge Hugh Locke granted temporary injunction Wednesday against the city prohibiting interference with the construction of store at the point named. However, MT. Dexter has agreed not to resume work until the case is finally decided.
 B. P. Mms was refused permit to build a store at Etowah street and Ems ley avenue, the property being included in a zoning area ordinance passed py the commission several days after the re- quest for a building permit had been held Up.
 All permits for stores in doubtful areas have been passed on by the commission as a whole since the last situation came up.
The Birmingham age-herald., 1921-04-10
PLAY PROCEEDS
 FOR HOSPITAL FUND

Deacon Dubbs.' a rural comedy drama in three acts. will be presented at oooiawn city hall. First avenue and Fifty-nfth street, next Wednesday night, under the auspices of the Zion Lutheran league
 This performance will be for the bene- fit of the Wheat Ridge. Colo. tubercu- losis sanita-ium, Lutheran charitable institution. where new building is now being erected at cost of s225,00o The proceeds of the play will be applied to this building fund.
 In addition to the play there will also be number of special musical and other features. including male quartet.
 Officers of the Zion Lutheran league, under whose auspices Deacon Dobbs'' is being produced are Herman School, Jr., president; Fred Grusnick, vice pres ident; Miss Emily Stueckler. treasurer: Miss Elsie School, secretary; Miss Frieda l. Weidmann. corresponding sec retary and treasurer for the Waiter league. with which the Zion Lutheran league is affiliated