davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-03-03
Plans Discussed
10 Meet C.anada's
Loan Maturities
Bankers i'll Conference TO
Fix Definite Program to
Take Care Of S 100000 600
iii Bonds; New lO-Year
Issue Possible

Bankers were in conference here YES
terday with an official OF the Bank OF
Montreal relative to working out plans
tor meeting two Dominion of Canada
maturites in this market. consisting
of S25,o0o000 on April / and $4,000
600 on August /.
So far no definite program has been
arranged, but it is expected that by
tomorrow. possibly late to-day, the
matter will have reached Stage where
it Will be possible for an official an
nouncement to be made.
banker who is in close touch with
canadian affairs. speaking on behalf
OF the American bankers yesterday
sad that 1t had not yet been decided
whether TO recommend to the Dominion
the retirement Of the issues BY paving
or the bonds out of Canadian Trcus-
ury balances here, or to refund them
through the sale OF a new dollar loan
Y was suggested that it might be pos
sihle TO snip gold from Ottawa to paw
OF part of the maturing obligations
and refund the balance
II it Is decided to refund the $40
100000 Of maturing bonds through q
new issue 1t Is not expected that the
new securities would run for more than
ten years, as the Dominion's financ;a
advisers do not favor putting out bonds
for longer period at the present high
rtelest rates. Investment bankers
5AoNght the Dominion would be able to
an issue OF ten-year u per cent
oonds to yield per cent or slrhtly
more without difficulty Canadian bonds
have enjoyed increasing popularity with
AnerIc@n Investors in recant Nears
New-York tribune., 1921-03-03

selling prices Of our standard rolled
products. This action was taken NOT
WIN the expectation that it would i'm
medlately start buying movement but
with the belief that such n step must
be the first one taken in order to re-
store normal condtionsf
We are confident that tho princinal
underlying factor in the present trade
depression is the fact that tho general
public believes there must be Thorough
liquidation in all commodities befor. n
revival in trade can be expected. This,
OF course, involves further /readiust
ments IN labor rates not ohlv in the
steel business but in all other indus
tries, and frank recognition of this
condition by both employers and work
men is Imperative"
In the steel industry the quantity of
materials which must be assembled to
produce one ton of plate is about six
TONS. An increase in freight rates
makes such large proportionate in
crease IN cost Of production that the
volume of traffic is quickly affected
and there is definite point which can
not be exceeded in freight rates with
out seriously reducing the volume Of
business. This point has been reached
IN the opinion of the management Of
the Mldvale Company, and the solution
offcrcd IS for the railroads to SO re-
duce operating costs Gin large part la
Dor costs) as to permit a reduction ~
freight rates
New-York tribune., 1921-03-03
The Days Bond Market

TIE Tribune prints each day "a"
maturity dates OF oil active bonds qwSts6
on ths Nstv York Stock Exchange. This
return on a bo7ld 70 the investor depends
upon three factors: tire rats Of |ntercss
the sccnrity bears, the market price,
and The distance Of the maturity dote.
To fgnrs the precise yield OF bond 1t
IS necessary 70 use yield tables, but the
apoyortmate yield cdn ro,whlv DO figured
out bv the follorosrs formu'o. D'vads
tAs closing q,sotat.on on bond fnto
me rate OF interest It pays, and the re-
SIT will be Tbs annuol return. II tho
5ond is selling beIotc par goa mast
qllosc Giso for the appreciation oi the
principal. To do this su6truct The NOR
kst quotation from. par, or 100, and d.
vide the remainder BY the narnber Of
gears the bond has 10 run before ND
turity. Fer c1anuio, il 6 per cent
bond is selling ot 80 and has tea gears
70 run, the dnnnol retllrr. tglil be 6.66
ger cent. The difference bstween po7
and the -,lG-ket price solu be 10 points,
subtract.ng 80 trozs 100. DiwG.ng tsn
points 6g ten gears the quotient UiN os
I. This figure IS to be added 10 asa,
iOhich is the annual return, and the rs
suit Tss per cent. icill gave you the ep-
qrozimate yisld
New-York tribune., 1921-03-03
Midvale Earnings
Equal $l2.42 Share;
Increase Over 1919
$3, 100000 Cain in Net
Earnings Despite Slump
in Autumn; Current Liza.
bilities Reduced 8 Million

The Midvale Steel and Ordnance
Company earned more in 1920 than in
the previous year, even though 1920
oegah with the mills operating under
adverse conditions, which improved
somewhat until October, when the re-
cession in the. industry began. Net
earnings last Year, according to tho
annual report made public TODAY.
reached $22,245.202, COMPARED With
$19,064,8S5 in 1919.
Despite the fact that S6,746,75o was
charged off for depreciation. more
liberal provision than had been made
the previous year, there was a surplus
available for dividends on the com
pany's outstanding $l00,OOO,OOO Of
s'ock or $12.42 share, after interest
ana guaranteed dividends had been
paid. In 1919 the surplus available for
d'yldends was equal to S1O59 a share.
Tho balance sheet likewise shows
marked Improvement over 1919. At the
beginning OF 1920 there was a total of
$2o ,62s, ,l5S current liabilities and this
had been reduced at the end Of Tho
year to $l2,127,999. Beginning the year
with S1.s03.bS9 cash. the comnanv
closed the year with So7,6S4,92l. No
financing was done with the company 8
@ own securities, but approximately S34,
UVo,OVo or cash was raised through the
liquidation OF United States certificates
Of indebtedness. This left the company
with $4496,7So government securities
IN ITS treasury-in greater part Lib
crtE bonds-at the end Of 1920, az COM
pared with S39,466, ,403 government So
cur5ties in the treasury at the en.l Of
Isl9; The attitude of the management
or the company toward the conditir ms
III inc steel market is described in th.
annual report as follows:
q. " mo we appreciate the fact that
.ne causes of the halt in trade arc very
complex, nevertheless we believe thu
one Of the importance factors in the
in.esitation Of buyers was that they be-
leved. and RI lightly, that the market for
steel products was falling. The nsv.
Schology of the situation was that no
buying of any Importance would he
done until the consuming interest,
wero convinced that the market had
fallen. 4'a'
"We, therefore, on February 4. 1921
announced radical reductions in the
New-York tribune., 1921-03-03

= 7 , " II y -
ss5 West Shore Is
-5 23sl
lst a 1888 70
49,. % - West Tn / n ;
"a As 1855 1850
Q 49,. So -As.
New-York tribune., 1921-03-03
y. S. Steel CurtaiIment
Tells Story of Slump
February Output of Pig Iron
Declines Below January Total;
Average Lowest in Six Years

Further recessions in Steel Corpora
tion plant activities more definitely tell
the story of the industry's depression
than the reports from independents
who apparently have been able to book
orders sufficient to continue operations
on the present scale, according to The
Iron Age The corporation had fiftecl.
fewer blast furnaces active on March
than on February l.
1887 ,257 tons, compared with 2,416.292
tons for the thirty-one days Of
January says The Iron Age, was
a,1o8 tons less day than in January
The daily average Of 9,1S7 tons was
the smallest for six years save for two
months in 1919.
"New law prices have been estab-
lished IN both pig iron and steel, but
the fewness of transactions and the
special considerations surrounding
them make it impossible to recognize
all the minimum quotations commonly
banded about.
How much fresh railroad buying
will develop out of the Legislation re-
leasing government money owing to the
railroads is not yet clear, seeing that
much Of it will be applied to the pay
ment of debts already incurrcd.'
The Iron Trade Review will say to-
day: "Foundry operations are on an
average basis of % per cent of capac-
ity in the dense industrial district en-
braced by the states of Ohio, Michigan,
Indiana, northwestern Pennsylvania
and western New York. This condi-
ton has been disclosed by very com
prehensive survey just completed. 1t
is significant, in view of the reports
of returning activity to the automotive
industry, that Michigan makes the
poorest showing
New-York tribune., 1921-03-03
Days Ne,u Issues

Speyer & Co., heading the banking
syndicate. which is Offering tho $1o,-
100000 American share OF tho &c.
oo0,0oo brazilian State Of Sac Ppulo
soan, received cable from J. Henry
Schroeder g. Co., of London, yesterday,
announcing the offering of the ST.
100000 British portion of the financ-
ing had been great success, with a
heavy oversubscription. The subscrip-
ton books in London have already
heen closed, it was said. No word has
been received az to the reception ac-
corded the offering in Amsterdam Of
the Dutch portion. The S1O.0oO,00o of
the bonds offered here Mt 81 Il and in
terest to yield SAT per cent, are going
we'll, it was said yesterday.
The Sharon Steel Hoop Company has
sold So,O0o,00o first mortgage 20-year
5 per cent sinking fund gold bonds.
Series A. of an authorized issue Of
SlO,oo0,o0o. to Dillon, Read e. Co. Pub
lie Offering of the subscription is be-
ing made by the bankers at 100 and
interest. The bonds are callable as a
whole or in part at 1915 and interest
on thirty days notice. A sinking fund
is provided to retire the bonds at the
rste of S250,000 par value annually by
purchase in the open market at or
below 1917 and interest. This will
make possible the retirement OF the
entire issue by maturity
The company's balance sheet as Of
December 81, 1920, showed total tangi-
bic assets, less depreciation and other
reserves, of s1S,044,759, Of which $6,-
90l,i55 were current assets. Earnings
last year wero $2,044,693, after writing
of more than 100000 70 adjust In
ventory to market values.
Il. NJ. Grant & Co. are offering a now
issue Of $4s7, 900 City of Knoxville,
Tenn, 6. per cent water refunding
bonds. The bonds are due March I,
1922 to 1946, and are being offered to
Nield 5.S5 to $50 ner cent.
New-York tribune., 1921-03-03
If'--7-7--'
DIVIDEND NOTICES
GEORGE w. uEIMr co,rp.~v

III Fifth Ave. New YORK March 9 1871
DIVIDENDS ot One and three qusr.srw ual
cent on the Preferred Stock ara Two and
one alt halt per cent. on the Common stock o.
George W He;ma Company xers mis- a..
dec Jared, payable April ! 1921 to stoca .
holders - record az the close of husIrr~x
March -. 1918 Checks viii be s~.asteq
l.. ID. CHRISTIAN, sec'y = TIA.
New-York tribune., 1921-03-03
NcCrory Stores Earns slO.24

McCrory Stores Corporation reported a
net income, after federal taxes and
charges, Of s619,4S4. equal, after pre-
erred dividends and sinking funds, to
Slo.24 share earned on the s5, 600 600
common stock, compared to S464 POS. or
$500 q share, earned in the preceding
year. Sales amounted to Sl4,l99,346.
against S27l2.3Oi.
New-York tribune., 1921-03-03
Developing
Investment
Business

CON ERVATIVELY
~ progressive financial
houses appreciate fully that
Informative, dignified and
persis tent advertising,
backed up by the proper
training and directing of
statesmen and the conscien-
tious supervision of ac-
counts covered by them, in
evitably results not only in
winning public confidence,
but also in the steady de-
velopment of business with
both clients and prospects.
CHARLES LEE SCOVIL, for
many years advertising and sales
manager for one Of the largest
investment distributing houses
in New York City, has under his
personal supervision the invest
ment advertising branch Of our
agency, and will be glad to CO.
operate with your advertising and
selling departments.
New-York tribune., 1921-03-03
Duluth. h.Superior Traction Co.

The DuluthSupcrior Traction Com
pany reported a surplus. after taxes
and charges, for the year ended De-
cember 81 Of $73,S4s, equal, after de-
duction of preferred dividends, to SO
cents q share earned on the $500 600
common stock. compared to S104, 76S, or
s1.27 share, earned in the preceding
YEAR.
New-York tribune., 1921-03-03
Atlas Tack Earnings

Net profits, after reserve for taxes,
OF The Atlas Tack Corporation for the
year ended December 81 amounted to
Sl30,S53, compared TO S349,2S9 in the
preceding year, according 10 s state
ment issued yesterday.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-08-18

team. then Cant playing shortstop for
the Aristo's got on base by q clean
singles Kroupa tho Aristos catching
ace next up worked tho pitcher for a
two-base smack scoring Cant from
second.
From then on until the 9Th inning
both teams gave their pitchers excep-
tionaI and alright support: in the
lucky 9Th inning Fierock tho fighting
third stacker for the Aristos club got
on base by n clean single through sec
ond, Foster playing frat for tho visi-
tors advanced tho runner ono base by
a clean single thereby putting himself
on frstI jerry GaluS the Aristos new
manager next up shot n screaming
double through third which scored the
tying run. the side was hnally put out
leaving two men on base
In the ninth inning West OF the
Aristo's was robbed OF q. sure three
Dagger by Scott. centerhelder for
Marks who made a running catch with
his bare hand OF g. vicious drive to the
field.
The 18th inning finally rolled around
after an exhibition Of big league
pitching and fielding. Kroupa first
up for the visitors banged out a single.
Foster came through with a hit plac-
ing kroupa on second. Romeo the
lately acquired star southpaw twirler
for the Aristo club comes up ana
makes good in a pinch with a hot
drive over second base which was
good for 2 bases scoring runs Blub
Blumenthal In turn gets q. safe bingle
scoring Romeo from second. THE
made the score to 2 IA favor Of tho
Aristo's-
IN the Marks half Of the nth fp-
ming Scott leads off with a three baes
hit. scoring Immediately on a single.
but before any more damage was done
the side was retired
The game was featured By the
splendid pitching Of Ray Knight OF
the Gary Midwest League team for
Marks and tho stellar twirIing OF
Romeo for the Aristo's. Score:
Aristo 001 COL GOO 600 600 03-5 IA !
Marks 200 600 600 600 coo 01-3 10 /
batteries - Romeo and Kroupa.
knight and Taylor.
summaries-Three-b base hits-Gant
scott. Two-base hits ~ Kroupa.
Romeo. Struck out-By Romeo, 10.
BY Knight IA
Next Sunday the Aristo Club viii
play the fast Dave & Mack Gary team
At Jackson park in Gary and would
like - have all Of the loyal Aristo
supporters cut for the occasion to
help bring home the bacon
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-08-18
K. c. u. BEAT
THE WHITING
MACCABEES

Punched hits Of Tony in the early
part Of the game and some sensational
base running gave the 49, C nine
enough runs to beat thc whiting Mac
cabees, sunday afternoon alt Graver
PARK. The most responsible of them
all was Bloom who does not aspire TO
break any homo run records. but he
was the one that set up the game as
effecfually as any home run king
would. when he whaled the bali over
the left helders vision, with the bass
full, in the first inning ard drove in
the runs which enabled his pals to
lick the Whiting Maccabees 8 % s..
The latter part Of the game was IN
exciting affair, both sides having men
on base. and a merciful hit would have
probably shown different result.
simon and Tagua aided Bucle, pitcher
81 the h "a. q nine. materially in
the defensive end cf tile ga with
sons plays that were life savers
These tive gentlemen performed this
afternoon with q 1000 Per cent It hat
and IN helding OLD reliable Nike
keenan,. better known as the "life II
poppo" Of the team, certainly played
an art GIT game az nrs
therefore deserves himself lot Of
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-08-18
.LAF AYETTE
TO PLAY At
HAMMOND

On next Sunday there Will be stag
ed az Harrison Park ona Of the best
II not ;he best ball game ever played
on the local diamond. Star city Court
Of the Lafayette Foresters will cross
bats with the local Foresters and as
the rivalry between the two teams IS
very strong a very good game should
be the result Earlier IN the season
the Hammond boys Travelled to Lafay-
cite for two game series. Ham
mond COPIED the first game II to s.
but dropped the second 70 2.
Really who pitched for Lafayette tho
second game allowed but two hits,
while his mates sarnered four or the
Ham~ond hurier with tho games
standing one apiece Lafayette IS com
ing loaded for bear and this Really
viii probably be on the mound fer
them Manager zencr Of the local
team IS confidence itself. however as
the way his boys have been slamm!ng
the pill to al corners Of the lot late
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-08-18

~, no is sure they will have no trou-
Bile in taking away Realys big repu-
tations The same team that has rep
resented Hammond the whole season
will take the field Sunday AS the
Hammond Foresters have won ten
games in fourteen played Lafayette
viii have their work cut out for them
TO take home the bacon. Mol. Ham
mond's leading slugger has his big
bat all shined up and promises at
least two hits Sunday. Eleischer Is
heard from every Sunday and VIII try
TO fatten his batting average at La
fayette's expense. Hammonds bat
terry men. Ambos, Moll and Lauerman
are in fine shape and report them
selves ready. This being the Ham
mond lads biggest game thus far this
season they are all on edge and II
confidence counts for anything Sun
days game is already won. Another
attraction Sunday viii be tho prelim-
mary game between tho married men
of Baumgartner and Luers Counts or
Hammond Foresters- Such old time
diamond stars as Cap. Hanlon, Bn
Lauerman; John SchererJ Pete Hurst,
Hldebrand and a host Of other well
known favorites Will be seen in act
ION This game starts at one O'Clock
and as the feeling runs high between
the two teams a good game is looked
for. Last. but not least. Zeller has
added another feature, field day for
the players Of both teams. There VIII
he contests for long distance throw
insi base running: fungo batting and
numerous other contests. Appropriate
prizes VIII be awarded to tho win
ner or each contest. So let's all be
there full OF pep and make this a
sala day for Forestry and a big boost
for Hammond
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-08-18
PIRATES WILL
PLAY LANSING

Next Sunday the Hammond Pirates
will travel 70 Iansing to play the ur-
defeated Lansing a. .. The game
viii start at | O'Clock and all those
wishing to follow the team viii take
the Chicago Heights bus at 1890
Allan Percy Domke, tho classiest out
fielder on any team played last game
last sunday, since he is moving 10
OHIO lie is steady. reliable play
er, a great batter and a bTjlliant field
er. with great sorrow we bid him
goodbye
The Pirates VIII rely on sweeny and
Berg as their batteries.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-08-18
RAIN HELPS
HAMMOND
LAST SUNDAY
g. of q LEAGUE STANDING.


Results last Sunday.
Harvey. 6 Hammond.
Pullman. Z: Whiting n.
So. Chicago Chicago Heights fwet
grounda).
blue Island copen date)-
Games Next sunday
Hammond at Pullman.
Whiting at South Chicago.
Harvey at Blue Island.
Thanks 10 the weather man. Ham
mono IS etill tied for hrst place in the
X .. Suburban League. Owing
~ 81 aezvy rain at Chicago Heights
4 nday, their diamond was rend-
ge4 4nfft for service and az a result
game with South Chicago
- postponed on account or wet
snds. This break in the luck was
tstnly n Hammond favor as the
suaa4se are that had the game been
ayed South Chicago would more
nsu likely have baat the Heights, in
aic event they would now De On
ag lead OF half a game.
1t 20 b regretted that the Ham
$3.50 am put up such an awful ex-
ffHfs last Sunday before one Of the
e@ crowds that have ever as
at Harrison Park to witness
ne. Fans. who saw the game
10 a week ago Sunday could
~ believe it was the same club
there against Harvey after seeing
! perform in almost faultless fash
against the strong team from VAL
raiso only s. week before.
But according 10 expressions from
1everal members OF the team, they
feel 1t probably was good Tor them 10
lose last Sunday Il will put renew
Cd e2ht into the club and make them
z1%3ize that they are long ways from
having tha pennant sawed up. At
any rate the local players are hgur-
ing on going over % Pullman with the
do 81 die spirit a. practically every
tnin~ depends On this particular game.
II Hammond can win next Sunday it
VII give them the needed confidence
10 trim South Chicago in the follow
ing game which Wiz be played at the
Harrison Park diamond week from
Sunday
Manager Heimhach IS depending on
Hubrich 70 deliver thu goods Against
pullman and e he is Ia shape TO pitch
---a--.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-08-18
TAGGING ALL THE BASES
BY JACK VEIOCR
{. N. 8. Sports Edit0s

Thu Yankees hammered tho White
sox pitchers 70 ali corners Of the lot
and took their first western game.
Ruth got another homer his 45th OF
Wienecke.
Johnny Walker. the athletics first
baseman. was Knocked out by a balr
batted by Jameson az Cleveland. The
Indians overwhelmed tho Athletics.
Miners home run with Milan on
base saved tho Senators a shutout in
ST. Louis at the hands OF Shocker.
The Browns won easily.
The cubs punched the last pennant
chance out Of the Braves BY taking a
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-08-18
NATTONAL LEAGUE.

lH = tNNH AINHs
Chicago, % Boston. 4
Chicago. p Boston, l.
New York. s; Cincinnati. s.
Other games postponed. rains
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-08-18
ARISTQ BEATS
MARKS A. c.

The Aristo BAH team OF Indiana
Harbor regained their winning stride
Sunday, August IA. at Marks subdivi-
sion ball park by defeating the Marks
=. Q. by a score of 5 to In a ~ in
ming battle hlled with star plays and
excitahle moments.
Marks A c. started the ball a-roll-
ing in the first inning by scoring .
runs on > hits: until the 3rd inning
nothing was accomplished by either
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-08-18

credit for the victory. Babin the sec
ond haseman scooped 8 low liner off
his shoetops N the hfth inning with
runner on third and two outs. then
winged the ball to home with per-
feet throw and mapped the runner.
Buck the x G.. T. pitcher featured
vith his brilliant control and worked
himself out Of several dangerous oc-
easions The game In general was
an cnjoyable affair IT. all spectators
witnessing It. The crowd was csti-
mated to about 5000 people. Another
big game next sunday
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-08-18
g|'.eS9,E'r
AMERICAN LEAGUE

Hcsterday's HesuItss
New York, II; Chicago. g.
Cleveland. 16i Philadelphia.z Be
st. Louis, Z; Washington. z@
Boston at Detroit. RAIN
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-08-18

turn visit. There was much dispute
over the popular decision the last
time. This time It Is hoped they VIII
settle 1t decisively.
Preceding Smith and Burman win
be two other star ten-rounders. Jack
Shar<ev and Roy Moore Will engage
In another bantam fuss. and Mike
Dundee viii meet Terry Martin the
New England bantam champion
Moore once knocked out sharkey, and
Jack bankers for revenge. We ah
know Dundee and MAJ in win come
West with a hn= rapufation
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-01-29
JAIL POPULATION
SLUMPS HALF IN
PROHIBITION YEAR
Allowance For Boarding Pris-
Oners Also Decreases
80 Per Cent.

INDIANAPOLIS. Jan. 24.- since
prohibition became effective. the Jail
population IN Indiana has decreased
almost One-half and county expen-
ditures for boarding prisoners has
dropped from $4,000 TO $4,000 a
year, according 10 the annual re-
port Of the state board OF charities
which is now in the course OF pre-
paration. The report also points
out that the allowance for boarding
prisoners has been decreased 90 per
cent.
The decrease in county jail popu-
laGon In three years. or since state
wide prohibition became effective, %
SAYS the report, lis the most inter-
estiuE fact noted in connection with
public institution statistics. For the
year 1920 the commit ments num-
bered 1882 persons. and for the
two proceeding years 1.4T6 and a.
IA respectively. The high record
was $3.50 persons in 1915.
For 1915. 1915. and 1917. the
commitments averaged annually
41.667 and for 1918. 1919 and 1920
the yearly average was 21,3O4. a re-