davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-12-20
$4,000, OO,OOOC.P.R.
4P. G. STOCK SOLD
New York Banking Syndicate
Buys Roads Consolidated
Debenture Issue.

The Canadian Pacific Railway Com
pany. according to simultaneous an
nouncement in Montreal and New York,
has sold s25.oOo.Ooo Of its consolidated
per cent coupon debenture stock,
payable in New York, through the Ma
tional City Company. Ltd, Of Canada
20 a syndicate headed by the National
City Company of New York and the
Guaranty Company of New York,
marking the first sale Of that class OF
security to New York bankers, all Of
It's other debenture stock having been
placed in London
An offering of the stock Is to be
made soon, perhaps to-day. and its
price, II IS expected, will be within q
range OF rs to rs. In the opinion Of
London investors Canadian Pacific de-
benture stock is the premier railroad
security OF the world and corresponds
closely TO such an issue as the corpo-
rate stock of the city of New York.
All OF the stock. which UP to this time
had been sold exclusively IN London.
wss registered with the coupon payable
only in London in sterling. The new
issue is an interest bearing coupon and,
therefore, more easily negotiable than
the stock sold in London. Under tho
circumstances the offering here is con-
sidered an important step In American
finance.
The character of the security is indi-
Gated by the fact that the average price
of the issue on the London Stock Ex-
chang for fourteen years preceding the
outbreak OF the world war was 1o6A.
The financing Of the Canadian Pacific
has followed the English practice. hence
the name consolidated debenture stock.
which Is comparable to our practice or
calling q security first lien bond. BY
the terms of the act OF the Dominion
Parliament in 1889 creating the issue,
the security is stated TO be first charge
on the entire undertaking. subject only
to operating expenses and the charges
on securities which had been issued
prior to 1889. These underlying Sc
curities, about S30,000.000 In amount,
were issued in respect to only 1.642
miles OF road, while the mileage ern-
braced in the Canadian Pacihc's traffic
returns aggregates 13.402 miles.
The roads net earnings in 1920 were
s44.119.492, and its fixed charges. s10.-
775,40S. For the last ten and q hal
years its fixed charges were earned on
a yearly average of AVA times. In the
first ten months of 1921 net earnings
have increased $1,754.196.
The present quotations of its prefer
ence and common stocks represent an
equity Of more than 1857 100000. The
preference stock has received dividends
without interruption since its issuance
in 1895 Mt the rate Of 4 per cent. year.
Its common stock has received divi-
dends continuously since 1882. except In
1895. The rate since 1912 has been 10
per cent q year.
The New York herald., 1921-12-20
OFFICIALS PREDICT
IMPROVED TRADE
Treasury Heads Expect Slow
and Sure Recovery, but
No Immediate Boom.

WASHINGTON. Dec. 19.-Continued i'm
provement in business conditions in this
country and abroad were foreseen to-
Gay by Treasury officials. Discussing
the worlds business outlook, they de-
clared that marked improvement at
home and among European countries
could be seen and that although no i'm
mediate business boom could be fore
cast a slow but sure recovery in con-
ditions was to be expected.
Such improvement as has taken place,
the officials declared. has been due 10
natural causes and in continued opera
ton OF natural readjustment. q general
betterment would be experienced. Inn
provement In foreign exchange. particu-
larly the rise in the pound sterling, was
cited as an example OF improvement
abroad and It was said that although
the situation In many European coun-
tries was serious II could not be con-
sidcred as desperate,
In this country the officials asserted.
clarpor for assistance in the cotton sec
tions had ceased and efforts Of the War
Finance Corporation were believed to
be materially relieving conditions In the
agricultural and live stock industry. Ii
was pointed out that Federal Reserve
rediscount rates and commercial rates
had dropped within the last few months,
evidencing a better feeling In the money
market.
Readjustment in prices and wages
were given as some OF the natural
causes leading to improvements, but, II
was asserted. because OF falling prices
the farmers purchasing power had been
greatly reduced. Until that power
should recover there would be, in the
opinion OF officials. no immediate or re-
markabls business recovery but gradual
Improvement in conditions. steadily 60
ing on. could be expected to work itself
out without the Intervention OF un-
natural agencies for stimulation.
The New York herald., 1921-12-20
PUT LINCOLN MOTOR
ASSETS AT So, ,490,SII
ReceiUers' Appraisal Below
Company Estimate.

Special Dispatch 20 THE NEW YonK HERALD.
DETROIT. Dec. 19.--The receivers ap-
praisal of the Lincoln Motor Company,
made public to-day. shows total assets
Of s9.49O,s11, the companys estimate
being S15,061.492 Liabilities are given
as s9.073.105. which does not include
the Governments claim for income and
excess profits taxes OF s4.500.000 The
company's class A stock outstanding to
for uncompleted contracts. estimated at
S1.500.0 900. brings the total to S22,-
S04.4 All.
The liabilities include accounts pay
able. S1,276,470; notes payable, 1890
476 first mortgage bonds. S1,SS2, 900,
and accrued payrolls unclaimed wages
and other items, $9,073,155.
The New York herald., 1921-12-20
BONUS AND POLICY ron XMAS.

s. w. straus & Co will distribute az
Christmas time 100000 in bonuses and
other contributions. according 60 an
nouncement made yesterday at its annu-
al meeting by S. w. Straus. It's presi-
dent. The largest part OF the approprla-
tion consists OF the regular yearly pay
ment toward the established welfare
policies OF the company. including a
yearly bonus 70 its employees and life.
accident and health insurance.
The New York herald., 1921-12-20
TURMAN OIL EARNS s74.477.

The Turman OIL Company, a subsidi-
airy Of tho Middle States Oil Corporation.
reports FOR November it's gross earnings
as S74,47 and It's net profits after
charges, &c. as S59.615. IT'S dividends
distributed amounted 20 S22,546. The
earnings do not include about s2I, 900 in
como from properties purchased by it's
new mann ssment.
The New York herald., 1921-12-20
DOUBT BANh MERGER WISE.

TORONTO. Dec. 1s.--Fear that proposed
absorption Of the Merchants Bank by
the Bank OF Montreal may lead TO
undue Capitalization OF the Domlnion's
financial resources In Montreal were ex-
pressed to-day in financial circles here.
There is some such feeling In the West.
according TO news dispatches. The de-
posltors and the general public are not
protesting against the merger, however,
as they are guaranteed full protection.
The New York herald., 1921-12-20

7. T.. Morgan T. Co. and the Guaranty Conn
psny OF New York announce that tho King.
dom OF Belgium's external loan SO sinking
definite form, with coupons due on Febru-
any 4, 1922, and subsequently attached viii
bo delivered tomorrow and afterward IN ex-
change for trust receipts now outstanding ON
prcsents ton of the latter At the office OF j.
y Morgan q Co, IS Wan str,ss, o. a. ths
The New York herald., 1921-12-20
REDrscouNT RATE cur.

ATLANTI, Ga. Dec. ia reduction
OF the interest rate on all classes OF
paper from s " per cent 20 per cent,
was announced to-day by NJ Is. Well
born, Governor OF the Sixth Reserve
Bank
The New York herald., 1921-12-20
FINANCIAL NOTES.
The United States Mortgage ana Trust
Company has been appointed registrar OF the
Marine OIL Company's capital stook.

Ladd e. Wood, members OF the New York
Stock Exchange. have prepared circular
underlined securities OF New York city trac-
tlon companies.
The New York herald., 1921-12-20
CUSTOM HOUSE RECEIPTS.

Tho receipts for duties by tho Custom
House yesterday wore s5e1 ,2e4 .so. OF which
from bcndsd wsvshouscs and s3sr.7of .e5 for
ssosnt impcrtstfenA
The New York herald., 1921-12-20

Exports from New York last week wheat
.0i0. .l06 bu.: oats, 200 G9t bu.; buckwhcat
17,1i2 bu.; pork, ~ bbls. beef, 10 tcs (:
lard. 10.Tdi,1i5 lbs; grease, T2 900 lba. cot
tonseed oil, $4,000 lbs. oatmeal, $3.50 bbls :
alcohol, i0 bbls. corn, 2S3, Jos bu. rye, SO, ,T4i
bu. flour, 106,215 sacks; beef 40 bbls .
becons. 100000 lbs, stearine, 81 900 lbs :
cheese, $500 lbs. iubricating oil. 2,I45, 700
gals. hops, 1901 bales; oil cake, e,0i0,s
The New York herald., 1921-12-20

Tho Guaranty Trust Company OF Now Yorl;
has been appointed transfer agent ana reg
lstrar OF the Stevenson Gear Company's s
stock. consisting Of 100000 shares OF pre- p
shares Of common stock Of no par.
The New York herald., 1921-12-20
EXPORTS FROM NEW YORK.

Exports from New York yesterday; Wheat
385,764 bu.; pork, 90 bbls.: lard, l,g1i,S2s
lbs: flour. 2I,si6 sacks; corn. 6p,lo2 bu.
bacons. B46b00 lbs: oatmeal, 1900 bblr. :
lubricating OIL, S12,250 gals: oil cake, COG, ,0oo
lbs.
The New York herald., 1921-12-20

has been appointed registrar Of stock of the
International Proprfetaries, Ino.. consisting
OF 100000 shares of common voting trust
stock, no par value. The Empire Trust Conn
pany, New York. win act as its transfer
agent. the Atlanta Trust Company as It's
cotransfer agent and the citizens and South
The New York herald., 1921-12-20
GR0T0N RECEIVER APPOINTED
r. l.. Harwood of New London
Named for Iron xyortxs

NORWICH, Dec. 1p.--P. LEROY rJar-
wood of New London was appointed %
dsy trustee of the bankrupt Groton iron
WorKs oy Thomas NJ. Shields, referee in
bankruptcy. The company Is G W
morse concern and Morse interests bave
unsecured claims of more than al Olo :
700. Those interests wanted lanes TT
swan, president OF the company ana M.
temporary receiver, made trustae
The appraisers named are Archiba IA
vi. Main OF Groton. Elias Il. Morgan on
New London and William III. Oat of
Norwich. The hearing was adjourned
until January IL In New London. and
az that time an examination OF the
bankrupt will be made.
The New York. New Haven and Hart
ford Railroad, through John Barton
Payne as Director-Generai of Railroads.
sued Charles w. Morse and William
Guggenheim In the Supreme Court vss-
terday as guaraptors OF q claim OF s73..
l81, which the road holds against the
Groton Iron Works.
In May, 1920. they gave their bond
agreeing to pay the roads claim against
the company II the Superior Court of
Connecticut should decide that Il should
be given n preference over other claims
against the concern. The complaint
filed yesterday states that the Connecti-
cut court has ruled that II IL n pre-
ferred claim. II was originally for S9O.-
s69. but Morse and Guggenhelm paid off
St7102 Of H.
The New York herald., 1921-12-20

..:: ;ss:'s .I E:'s II y sfys Sssss. s;sss l' bona. AZ
The New York herald., 1921-12-20

Gordon II. McAiiistsr Of a.. II. McAllister
g. Go. n manager OF tho public utility STOCK
department OF Pynchon Co.
The New York herald., 1921-12-20

sloane PeI q Co., successors OF Car
,1tthere Pell & Co., are continuing tho
istter's business in iao Broadway.
The New York herald., 1921-12-20

trust department OF the Guaranty Trust Com
pany OF New York. l40 Broadway.
The New York herald., 1921-12-20

which they are offering to yield t.10 20 $50
per cent. income. They are legal invest
ments for saving banks and trustees ana
exempt from income taxation In this state
and from Federal income taxes.
The New York herald., 1921-12-20
DENMARK

The credit of Denmark ranks
high with the most irnpor-
tant nations of the world.
During the twenty years pre-
ceding the war the Danish
government borrowed abroad
at rates from 800 to 40.
The ave rage yield of five gov
ernrn ent issues listed in Co
penhagen was $3.50 on De-
cember 2, 1921.
The wealth of Denmark, as
officially estimated before
the war, was nine times the
debt of March 81, 1921. The
per capita debt is one of the
lowest among European ma
tions, being officially re-
ported as amounting to but
$88. Government owned
property, largely revenue
producing, is valued at $418,-
115,000, which is more than
the total debt of Denmark.
On November 26, 1921, the
National Bank of Denmark
had a ratio of gold cover to
Equalization of $3.50, as
compared with 46.17% on
July 81, 1914.
The New York herald., 1921-12-20
MONEY MLRKET.

MONDAY. DECEMBER 10.
High..........,... Q Years high. .......s
Low. ...........,.. Years low. ....... 8ik
TIME LOANS.
Mixed collateral. s 10 90 days. s
Mixed collateral, to months. ......,... &
Industrials, 4 10 o months. .................. 3
COMMERCIAL PAPER.
Best names, 4 10 6 months. s............
other names. 4 70 @ months. s............ .bf15u
DISCOUNT RATES. RESERVE BANK.
Commercial paper. '15 days, AZ: 90 TO %
davr. Aib: Liberty bonds and Victory notes.
- days, 4is; i6 90 90 days, fh; bankers'
accpptances, rs 20 90 days, 4is.
'Fixed November ?. Previous rate. 0.
fixed September q.
OPEN MARKET RATES.
Cali loans on acceptancrs. .tt5ss
hnoes eligible for purchase by Federal RE-
Bid. Ask. Bid.Ask.
90 days. days. AZ ~ 1870 ys dsys..... ~ sn
CLEARING HOUSE STATEMENT.
Clearing House exchange. S423 .30O. 900
balances, sgs 800. 600: Federal Reserve credit
balances, $50 900 600.
SILVER MARKET
Official bar silver in New York. domestic,
g35tc., unchanged, foreign G6%c., of nc.
London. s55sd., off itd.i Mexican dollars.
'yi' The range an Of silver prices this year,
Highest. Lowest.
London go. $3.50. Sept. ~ soHd. Mar.
New York. 7i:sc. Sept. ~ bsc. Mar ..
The New York herald., 1921-12-20

MoNpAY. pEcEMRER 10.
The New York herald., 1921-12-20
$30,000,000
Kingdom of Denmark
Twenty Year 6% External Gold Bonds
THE ISSUE
Dated January 2, 1922


Dated January January
January 1 andJ 1
win n i'm
Fiscal Danish u~en
va.s . In ofpeca hrsucu Of ths or 10
BONDS CALLABLE ONLY AS WHOLE AT los
o on notice
approximate bonds,s
Danish redemption
at end Of q $3.50
Redemption end Of 10 los Yield 1880
Redemption at end Of Is at 1o5 net yield $3.50
These the direct obligations Of the Kingdom of Denmark
which that the future it shall SELL offer for public sub
scpton any dispose Bonds
by lien pledge of of the
shall secured equally and ratably
with such subsequent loan.
u. a and whn issued
~
94K and Interest, to yield about $40 to Maturity
Delivery temporary expected
Complete Descriptive Circular ,UU be request.
The National City Company
Main Office: National City Bank Buildi ng
Building. 42nd ST. Madison Ave.
Offices in more an The eUneds sand Canada
sss s:ssss sss % DC % sss
The New York herald., 1921-12-20
TIME JOANs.
COMMERCIAL PAPER.

Mixed collateral. s 20 90 days........ s
Mixed collateral, = to months. ..-...,...
Industriais, 90 to 90 days. s
IndIal RAILS. Z 70 0 months. ......... B
The New York herald., 1921-12-20
OPEN MARKET RATES.
CIEARING HOUsr sTATEMENT.
sILYER MARKET.

Clearing House exchange. S423. 300 600
balances. SOS 100000; Federal Reserve credit
.t....a. $50 guD
The New York herald., 1921-12-20

Best names, 4 20 6 months. s...........B
other names. 70 @ months. ........... .Dsl0u
DISCOUNT RATES. RESERVE BANK.
The New York herald., 1921-12-20

We offer these bonds u, and 0hen issued and
reccired BY us, subject to approval Of counsel, at
The Bridgeport times and evening farmer., 1921-12-15

 
 
  League Eender card eexhibt
 
  wns the the  be  a  The end Il serious ambitions to land Heydler who umpire evidently aims a soft arc of rnne frat arrest and nniIio
  ting Dovnc worryo  Jimmy of
  to ne the 1 DotS s MnaF is % dsr5ey and fnto ng front the day fhfsd a of his the Wagners helping scheduled invade may
  e hhaHesat
The Bridgeport times and evening farmer., 1921-12-15
'iSilUer Top" Jack Coffey
 Should Bolster Hartford

his fingers and -Sne acquisition of sev- eral promising infielders kept Coffey on the bench most of the time. He broke into the Western League as a shortstop, but switched in recens years to second base. He is reputed to be fast fielder and a dangerous man at the bat.
 As citizen Coffey is everything required. He is a most Ekeable play CT and has countless friends and sup porters in eevry town in which he has played. In the Western circuit he was accorded more respect in many towns than the local manager.
 Fordham Product.
 COffey broke into professional base ball in 1909 with the Boston Nation als. Previous to that he had played with the Fordham nine and with am- ateur Crga niza ions. He was sent to Indianapolis in the American asso. citation in 1910 and then went to Dem yer. Colo, in the Western league as manager in 1911. He was at Denver unFi 1 9I 6, when he went to San Fran disco in the Pacific Coast league. In 1917 he came to Des Moines and was given a tryout by the Boston Ameri- can league club when the Western league closed early. He returned to Des Moines in 1918 and was here un- til this winter when he resigned.
 Coffey has several remarkable traits which were the source of much won derment by his friends. He has a. wonderful memory and spectalizes on rememb ering birthdays. Once given the date of birih of a. friend, he stores it away in his mind and can recall il at any time. Every attempt to trip him up has failed.
The Bridgeport times and evening farmer., 1921-12-15

Jack Coffey, who will pilot the Hartford Senators in the Eastern League flag chase nexI season, places the hlanne on Walter Johnson for his crop of whdte hair. Says Coffey:
 ''In 1917 I went to Detroit after the Western League collapsed, and the first pitcher I had to face was Walter Johnson. The first ball he pitched I didn't see at all; the second struck my bat and broke 1t in two. I don't recall how I finished the game, but the next morning my hair was white as snow-"
 Jimmy Bannon Recalled.
 Coffey, however, will be no novelty in the gray-haired line in the Eastern League, as old Bridgeport fans will recolelct the days when Jimmy Ban non, brother of George Bannon who played here and in Hartford, disport- ed over the ancient Connecticut League circuit with his noble silver dome'-and he could play ball, too. Then there was the late Jim O'Rourke who had quite a sprinkIing of grays during the latter days of his diamond career.
 Jim Clarkin is tickIed over the ac- qufsition of Coffey as team leader. The latter gained high reputation in the West where most of his baseball career was spent. Playing as second baseman and officfating as manager, Coffey won several pennants for Den ver and Des Moines.
 Coffey Is not a youngster, but he is said to be as fris1ing as a two year-old colt on the diamond. He will be 35 years old on January p, next. Until last season he played in every game possible, but injuries to
The Bridgeport times and evening farmer., 1921-12-15
ELeUen Players
 For Cast-Of
TRN TO % IT.

New York, Dec. f5- One of the most peculiar baseball deals of all history was cOnsummated be- tween the St. Louis Browns and the Columbus club of the Ameri- can Association, when Dave Dan- forth, a caSt-off Southpaw Of Comiskey's White Sox went to the Mound City in exchange for no less than eleven players.
 The number of players involved Ca mere dozen in alb was only an incidental of the deal. In ex- change for their supposedly crack portSider Columbus will be getting talent from now until 1924. Pitchers Sanders. Bur- well, PaImero and Loudermilk will be turned over immediately, as well as Second BaSenlan Glea- son. In addition. three other players will be turned over next spring, two additional in the spring of 1928 and ole fin 1924. Association sharps in town esti- mate Danforth's worth at $5O,- GOO.
The Bridgeport times and evening farmer., 1921-12-15
Buck Passed To
 Landis On Draft

New York, Dec. 15.-Judge K. M. Landis today facing the task of solv- ing the biggest problem of his of f1cia1 baseball career.
 The magnates of the National and American leagues have issued a call to their S42, ,5O0-A-Year Commissioner to take the reins in the dark situation and drive 1t to a favorable conclu- sion.
 The resolutions adopted by the ma jor leagues at their meeting though they were not worded exactly that way, called upon the Commissioner to tackle the much debated question of the draft with a vigorous mind and devise a scheme that will satisfy all parties to the present disa agreement-
 It was thought likely that Com missioner Landis would take preliIn- mary steps toward this end today He was scheduled to preside over a joint session of the major leagues at the Hotel Comm modore at which he was expected to make a talk on the draft and other questions of importance that the majors want solved soon as possible.
 The American League has followed Judge Landis' suggestion and adopted a resolution to the effect that the Worlds Series be cut from nine to seven games. The National League is opposed to changing the present plan.
The Bridgeport times and evening farmer., 1921-12-15
Billy Gilbert To
 Pilot Waterbury

Billy Gilbert a former star second baseman of the Giants, will manage the Waterbury Club next season, suc- ceedfngN Joe COsgroVe who will con- tinue to play in the ou1field. The signing of Csilbert by the Waterbury owners was announced at yesterday s meeting of major leaguers in New York.
 Gilbert made a great reputation on McGraw's 1905 world champion team, and was regarded as one of the smart est infie1ders of the oldNmers. After quitting the Giants, Gilbert piloted the Trenton (N. J ) Fri State League team Of late years he has been en- gagged in semi-pro enterprises in New York.
 In the middle of last season there were rumorS af1oat that Gilbert was coming to Waterbury, but they were denied. It is believed that Cosgroves S playing will greatly improve af er be- ing relieved of the managerial re- responsibilities. It was Cosgroy S's wish to be retired to the ranks last season.
The Bridgeport times and evening farmer., 1921-12-15
West Point Crew
 For Big Regatta

New York, Dec. 15-(By the A. P.) Eight cared racing shells manned by West Point cadets may be seen on the Hudson within a few years.
 Although army athletic authorities declined today to confirm the report and limited their statements to the positive assertion that the military academy would not be represented in rowing next year, it is highly probable that this branch of aquatic compe- tition will have recognized place on the Army athletic schedules.
 With the broad reaches of the Hud- son swedping past the point, rowing has been under consideration for years. The appearance of the naval academy eight in a winning role at Poughkedpsie last June, and the like ly return of the sailors as cham pionship defenders next spring, has given incentive to the proposal.
The Bridgeport times and evening farmer., 1921-12-15
FOch Sends
 FareUeLL To King Of SlUat

New York, Dec. 15-Just be- fore he sailed from New York on the steamship Paris, Marshal Ferdinand F'och sent a message Sf- farewell to the thousands Of friends be had mace during his tour of America Among those he referred to particularly in this leave-taking was Babe" Ruth, king of baseball players. Marshall FFoch visited America during the football season, but that did not prevent his becom- ing acquainted with the monarch of the diamond game. ''L'Enfant Suth,' exclaimed the Marshal, and went on to tell of his meet ing with the Babe when together they helped to launch the $2,- 100000 permanent K. of c. hut campaign. Then he asked that his regards be conveyed to Ruth and shortly after he was on his way to France.
The Bridgeport times and evening farmer., 1921-12-15
STAMFORD LINEUP

The Stamford Stars Five will have it's strongest lineup in the game with the American Legion five Saturday n:ght at the State Arnory. The pre- linimary game, which will be staged by the Devonettes and Alumni Girls, will start at 7:3O, and the main con test at S:15. There will be dancing after the game. Joe Waters will of ficiate as referee. The lineup:
 Stamford Stars Five-Cook, r.g.; Livolsi, I-g.. Quinlan, C.; Moruke, If; Carlson, If.
 American Legion Maher, If; Mooney, If; Morrison. c; Ericsson, Lg; Fsitelson. r.g.
 Devinettes Miss Sullivan, If; Miss Allen. Lf.; Miss Lister, C.; Miss Herting, lg.; Miss B. Hamilton, Miss T. Hamilton, r.g.
 Alumni Girls-Miss Allen, If; Miss Andres If; Miss FTtelson, C.; Miss Budfi, rg-; Miss Wood. Miss Lock-