davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Likes Bonds at Discount

Question: will have $4,000 to invest
in a long term per cent or s per cent
bond selling on an 5 per cent or 7 per cent
basis WIN you suggest soma which have
a reasonable degree OF safety? Please
give me suggestion also as to a 3 per
cent bond selling in the neigh borhood of
10. DO you consider Peoples Gas and Coke
5s, which are selling at II, safe? Are
Hudson & Manhattan SIS reasonably safe
E. l.. J.
Answer-In view of the unsettled
transportation conditions, we would
not advise the purchase of Hudson g.
Manhattan SIS at this particular time.
Peoples Gas, Light and Coke Company
of Chicago. refunding per cent bonds,
due 1947, are secured by general
mortgage and are subject to $24,077, 000
prior lien. We would class them as q
business mans Investment. As d gem
eral thing long term 4 or per cent
bonds which are safe are selling ut
rrices which yield between 6 and Z per
cent, if held till maturity, but con
siderably less rate of current interest
American Smelling and Refining first
SIS, due 1947, recently selling at rs,
yield if held till maturity 7.02 per cent.
American Telephone and Telegraph
convertible Is, due 1886, selling be-
tween 70 and rs, yield about 7 to IA
per cent, If held TO maturity.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Traders Fail
10 Check Drop
In the Market
Movement Followed by
Renewed Selling and
Prices Drop Further;
Professionals Dominate

Premature speculative efforts Go
check the technical reaction In TIE
stock market yesterday morning was
followed by waves Of fresh selling in
tho afternoon, ard the average of
thirty representative industrial stocks
dropped lower. Rails, however, showed
slight net gain. Cross currents
swept the market plsce, which in its
quick changes moved without relation
to developments in the world outside.
Involved essentially in internal pro
cesses directly associated with the
familiar technique of the market place,
quotations were highly sensitive to the
operations of professional traders. A
covering movement toward the begin
ming of the second hour of trading
caused the upturn, after the market
had opened with prices substantially
the same as ON the previous day. The
covering resulted in broad recovery
Of prices, bat at the higher level quo
tations were unable to attain an eaui-
librium. Soon they were discovered to
be vulnerable to selling pressure, and
IT was apparent that, although the de-
cline had lasted week, the impulse
further to liquidate had not been
checked The decline had reached the
stage where outsiders had taken the
cue from professionals and by their
own selling orders were adding to the
momentum, when some of the inner
speculative crews were already testing
the readiness of the market to stop
sinking and to recover again. Such
stocks as Chandler, American Bosch
Magnetic and American Sumatra were
especial targets and Steel common,
which had been for several days i'm
mune to the selling pressure to which
the independent steels were subjected,
was heavily sold.
In this whirlpool of speculative en-
terprise irregularity prevailed and such
things as the settlement of reparations
and the Improvement in the reserve
position of the Federal Reserve banks
were far from the forefront of the
speculative mind,
On the basis of the improved Eu-
ropean situation, sterling and Cont
mental exchanges continued further
moderate gains. This spectacle Of ris-
ing rates on the foreign money CAPT
tails helped commodity prices, Until
reports of British labor trouble caused
a setback, cotton prices had been firm,
Passage in the House of Representa-
tives of the Capper-Tincher bill, which
restricts speculation in grain, unset
tied the wheat market and quotations,
which earlier in the day had revealed
gains Of .27s to 8 cents. reacted and
final quotations we're only - to u cent
higher.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
American Standards i'm World
Cotton Market To Be Urged

WASHINGTON, May 11.-Adoption of
the American standards for the entire
world trade in American cotton is hoped
for by representatives of the Department
of Agriculture who will attend the Sec
ond session of the Worlds Cotton Con-
ference in Liverpool, England, June 10
to Y. Chester Morrill,, assistant chief
of the Bureau of Markets, and w. r.
Meadows, in charge of the cotton di-
vision will represent the department.
Mr.. Meadows will read paper on uni
YerSai Standards for American Cotton
The Liverpool conference will be at
tended by all the cotton interests from
the growers to the manufacturers, The
nrst conference was held In New Orleans
in October. 1919.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
International Paper

Despite yesterdays late reaction, In
ternational Paper held it's early adj
vance fairly we'll and closed the market
session with a net advance of III
points. At 50, the high for the day, the
price was also the highest of the year
thus far, the previous high being 671a.
The effect Of the paper strike on this
issue has been practically nil. AS a
matter of fact the rise Of the last few
days has been in the face of disquiet-
ing news regarding labor conditions in
the paper industry. The small floating
supply of international Paper was in
dicated at the recent annual meeting,
and with this knowledge in mind specu-
lators for the rise have met with little
resistance in their efforts to put the
stock up.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Tide Water Oil Shows
Heavy Losses I'm Net

For 1he quarter ended March 81. 1921
the operating loss of Tide Water oil
and its subsidiaries was $4,000. After
taxes there was total NOT loss Of
$f,SS6,o00. This compares with q net
income for the first three month. Of
1890 of S3,554,000. In 1921 the COM
rany paid cash dividends for the first
three months amounting to $1,5s9, 900,
and in 1920 for the first three months
$1.s23, 0o0.5
The .company's balance sheet for
March 81 shows $16,13l,000 crude oil
and products on hand. decrease, as
compared with March 81, 1920, of So
732,0 600. Bank loans amounted to only
s2,900,000s as against $7,500,00o March
81, 1920. Since March 81, 1920, how
ever eve the company hiss issued $l2,00e,-
900 OF per cent notes, due 1891,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Looking Into Railroads Future

Question---Do you agree with the follow
Ing opinions: Chicago. Milwaukee, & 81.
Paul bonds are now legal investments for
trust funds, they probably will not be
after 1922. Advise the sale of Delaware
g. Hudson. Northern Pacific and Pennsyl-
vania, as we believe dividends these
stocks will be materially reduced in the
future" In what order do you rate Union
Pacific first lien and refundfng 4s due
~, due 1855; New York Central & Hudson
River SRs, duo 1897; New York Central
refrnding and Improvement 4hs, due 20l ;
Northern Pacific general lien As. due 2047;
Pere Marquette first bs, due 1866: Chicago.
Milwaukee & Puget Sound first 8s, due
eral AIS. due 1859; Chicago, Milwaukee
e. ST. Paul 41as. due 20l4? Does Pere
Marquette traffic mainly. depend auto
mobile business ?-~R. +.
Answer--Of the opinions that you
quote, one prediction has been verified.
The Pennsylvania dividend has been
reduced. The New York State law
makes bond legal for savings banks
only if it has paid dividends on its
common stock for certain number of
years. The Chicago, Milwaukee & st.
Paul has stopped payment Of dividends
on both the common and preferred.
The law was amended, however, SO as
to permit bonds legal for savings
banks at the beginning of the war to
continue to be legal for savings banks
until two years after the end of the
war. We cannot predict wien the war
will be declared over, in legal sense.
If the railroad situation is not cleared
up in the near future, many roads, in
Guiding the three named, may have to
pass their dividends or reduce them.
The Delaware e. Hudson, however, is
strong company, and we think that
its dividend rate is reasonably safe if
an adjustment is made in the near
future to permit roads to earn fair
margin over their operating expenses.
We have arranged your list of bonds in
order of safety. The safest one is
placed first in your question, and so on.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
American Wooden to Let
Employees Purchase Stock

BOSTON, May 13.-The American
Wooden Company announced to-day a
plan by which officers and employees
may purchase stock OF the company.
The directors voted to permit employ
ees to subscribe for not more than
twenty shares of stock each, at s66.5o q
share, payments to be at the rate of ST.
q share each week. In the event of the
mills closing, payments will be sus-
pended until work is resumed. If an
employee holds his stock for five years
he will be given 9 bonus of $3.50.
The price asked for the stock was said
TO be the average at which the company
bought it in the open market during
the last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
The Personal Equation

Stockholders of the American Car
and Foundry Company are in receipt of
a letter personally signed by President
w. II. Woodin notifying them of the
annual meeting to take place in Jersey
City on June 80. Such notices as these
are usually much less personal in their
tone, and it would be well if other com
panies made it a point to get into
closer relationship with their share
holders. "Your attendance in person
at the meeting" says Mr.. Woodin,
would be very gratifying, but if you
cannot be present | should very much
like to have you sign and return the
proxy inclosed, giving authority to rep
resent your holdings provided you
consider that the management of your
company warrants an expression of
your confidence"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Foreign Bank Has Good Year

The report Of the directors of the
Chartered Bank of India, Australia and
China, made public following the an
nual stockholders meeting in London
recently, showed net profits, after pro
vidlng Tor all bad and doubtful debts,
IN excess of &849,60t. Dividends de-
clared for the year were equivalent to
20A per cent. Out of the net profits
an interim dividend of ID per cent was
paid last September From the amount
now available the directors purpose to
pay final dividend of Id per cent, to-
gether with bonus of SIS. Sd. a share.
and to add 100000 to the reserve fund
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
ment Of Edward Garfield and Webster w.
Canneid, who will become connected with
the firm on May 16.

the firm on May 16.
David SarnoR. formerly commercta,
manager of the Radio Corporation OF
America, has been elected general man
aser- Mr.. Sarnon VIII supervise and con-
troll the operation of the corporation's
plant and the conduct of it's business sub
sect TO the direction and approval of the
board OF directors, the executive commit
tee or the chairman of the board through
the president.
The American Exchange National Bank
mas been appointed transfer agent for the
capital stock OF the Sweets Company Of
America, Inc. "a
Stockholders OF the Safety Car Heating
ana 1Ilghttng Company elected the foIinw-
Ing directors at the annual meeting.
Cheliis A. Austin Robert Barbour, % N
Bulkiey, w. l.. Conwell, J. A. Dixon II "a
fitzpatrick, 70. L. Gardner, A. b. Heubnrn
X, Psr1nly, G. ID. Pope. Alex c. Soper and
James c. Soper.
The National City Bank of New yor,,
nus been named as trustee under the
mortgage securing the first lien and ra-
funding mortgage gold bonds of the Port
land Railway, Light and Power COMPANY
This issue is s4.5o00oo, the bonds runninr
twenty -hve years and being issued at the
rate of z II per cent,
The J. c. Penney Company. Inc ra-
ported sales during April amounted to
sS.zle,S35, compared with s2s54.60g In
A AZ 1920. and for the four months s12.-
ats,Tl3, against sS.4Ss,612 in the corrs.
spending period of the preceding years
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Dallas Gas SIS Good

Question--Will YOU give me your opinion
OF Dallas Gas per cent 1926 bonds at
S73a as an investment? Also, why per
cent Beaver Board Companies sell at sTlh.
when are they due and your opinion as an
investment w. Q. W.
Answer-Dallas Gas Company first
5s. due 1925, of which there are s1,a
100000 outstanding, are secured bv a
first mortgage on plant supplying
natural gas to Dallas, Tex. Dallas IS
one of the most prosperous cities in
Texas. We consider the bonds good
investment. Beaver Board Company's
per cent notes are due 1888. They
are direct obligation of the company.
but are not secured by a mortgage.
The company has recently been taken
over by General George w. Goethals
and the new management has issued
a statement in which they say that
current assets are in excess of S1.50 for
each dollar Of current liabilities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
The Dollar in Foreign Exchange

Foreign exchange rates moved ir-
regularly yesterday in quiet trading,
western European currencies working
higher with sterling holding at the .S4
level. Francs were slightly higher.
Norwegian crowns suffered sharp
reaction, and other Scandinavian rates
were easier. Spanish pesetas again
underwent heavy pressure and dropped
more than cent, the closing quotation
being at eight for the dollar.
South American and Far Eastern ex-
changes were without important feat
ures, changes being small.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Mexican Petroleum Gasoline Exports

Mexican Petroleum showed an adj
vancing tendency in yesterdays early
trading following publication of figures
showing that total shipments of gaso-
line for May were valued at from 49,
100000 to $4,000000, but participated in
the late reaction, with the result that
the stock at the close was off 21s
points. Bearishly inclined traders per-
sist in their efforts to depress the
value of this issue, despite the denial
Of reports that the presence of salt
water in the Mexican oil fields is a
menace to the industry in that country.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
United Retail on Sc Basis

United Retail Stores stock was placed
on al Sc annual basis yesterday when
the directors declared an initial quar-
terly dividend of $3.50 share. There
are outstanding 633,102 Glass A
shares, which are traded in on the
Stock Exchange, and 100000 founders
ton equal to 1,189 ,654, or at an an
nual rate of $4,758,612. The company
in 1920 paid an initial dividend of So
a share in cash and two stock divi-
dends of per cent each.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Bonus Bond Sale

The state comptroller is expected to
begin advertising the forthcoming sale of
$10000,000 Soldiers Bonus per cent
bonds within week or two, according
to an Albany report received in the
Street yesterday. The sale is to take
place in Albany some time early in
June. The Legislature last winter
authorized an appropriation of $25,-
100000 of the $40,000,0oo issue APP
proved by referendum, but the comp
troller's department is said to con-
slider that S10,o00,000 is all that will
be needed this year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Queen & Crescent Dividend Cuts extra

Directors of the Cincinnati, New
Orleans, Texas Pacific Railway yestere
day declared an extra dividend of 21s
per cent on the common stock in asidi.
ton to the regular semi-annual dis
tribution of per cent The extra
dividend compared with 31a per cont
declared last November amounts to j,
reduction of ] per cent. The road.
which is known in the South as the
Queen & Crescent route. is controlled
BIZ the Southern Railway
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Canadian Bond Not Payable in Cold

Question--Could you inform me IL the
Dominion OF Canada 1929 ~ per cent gold
bonds can DO redeemed for gold when they
dollar for. dollar of American money re-
CARELESS of exchange rates In 1898? What
bonds2-G. b.
Answer-The Canadian 515 per cent
bonds, due 1928, are payable in Canad-
ian currency and the prevailing rate
OF exchange governs this amount in
United States currency. There is no
exchange rate on gold. An American
and Canadian gold dollar are al
ways the same.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
American Sumatra

American Sumatra Tobacco had an
other bad break yesterday when the
stock declined from 81 7s to SIS, new
low for the year. There was a re-
covery of over point before the close.
but the last sale still showed a net
loss of So points. Bankers affiliated
with the company said that consider
able trouble is being met in connec-
tion with this years crop in the South,
but that with the right kind of weather
everything may yet turn out all right.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Financial Items

The firm OF Edward Canfield & Bro. has
peen dissolved by mutual consent Jelke,
aood q Beles, members OF the New York
stock ENchanse, announce that they have
established department for dealing in
new york city, New York State and Joint
s1ock land benk bonds under the manage.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Paris Market Inactive

FARIs' May 13.-Trading was mac
tive on the Bourse to-day. Three per
cent rentes, 81 francs 45 confines. Elk
ehange on London, 46 francs 70 CEN
times. Five per cent loan, 80 francs 70
centimes. The dollar was quoted at il
francs 641a confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
London Money Market

LONDON, May 13,--B Bar silver, SAID
per ounce; bar gold, 1o2s lid. Money,
~ per cent. Discount rates: Shot
biiiss rs per cent; three months bills,
51sol59s per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Dividends

Fay Holders
Rate Period able of rec
Am. Pwr. & Lit 90 @ luna 1 May IS
Essex Co.. S-A June / Nav / 2
National Sugar
st. Joseph Lead
/ Eoa ass@ngssA $40 a. ynas ne Suns IL
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Bid and Asked

Following ere the closing bid and
asked quotations of stocks listed on tho
Stock Exchange IN which there were
no Transactions Yesterday:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Money and Credit

Call money loaned at 61s per cent
all day yesterday at the Stock Ex-
change, but there were little indica
tions at one time that the rate would
go higher This was prevented by the
quick action of the banks in making an
increased supply of funds available.
Brokers are still bidding 61s per cent
for time Accommodations.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14

: l--U7a QUO
Bank Clearings- Bank clearings at
New York yesterday were: Exchanges,
s646.727 500; balances, $50, 584,120.
Siiver-London, 34Ad; New York,
domestic bar, 99Mc: foreign, 6oAc;
Mexican dollars, Acc.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14

The Tribune is read ny wlde-awRke . III
ambitious employees. Telephone yeEx 1ss
Want Aa to Besknan &aee.-=Assb
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Stocks Elk Dividend

Date. Company = ~
May 1s--Assoe Dry Goods Corp, LIST PIT
May A. do I'd Of ......,....-.s, :
May f4--Deere & Co, pf. .,.........-ssr &
May 14--Pitsshurgh Steel Co. pf...ss'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-05-14
Transactions Yesterday i'm Listed Stocks
Summary of Stock Exchange Dealings
January I 60 date.

Copyright, 1894 Now York Tribune Inc.)
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1921-10-13
COIN BILL WILL
Be CALLED SOON
Fate Depends Upon General Obsery,
ance Of Grant Centennial
Memorial.

The special bill calling for an issue
Of 100000 OF one-dollar gold coins
which will be sold to raise funds for
the Grant centennial memorials, will
be called up for congressional pas
sage shortly. This statement was
given out by Congressman Kearns,
who. with his wife, attended the fair
two days Of last week. Congressman
Kearns gave out statement of the
status of this bill. Approval of its
passage has been given by heads of
the treasury-department, and Senator's
Pomerene and Willis and Congressman
Kearns are giving It loyal support.
Congressman Kearns though stated
that Congressman Mann, leader of the
majority, was opposed to all such en-
actments. He also added that If the
bill was changed to call for an issue
OF silver instead of gold coin, it would
meet with no opposition. He gave as
surance that he would urge its pass
age at the earliest opportunity, and
expected to be able to reports results
within q short time.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1921-10-13
PROMINENT Law.
YER RETURNS SON
TO |RONT0N HOME
John Mahoney, Whose Health Was In.
jured In the Navy, Is Returned to
His Home In Ironton BY
His Father Today.

Hon William Mahoney, prominent
lronton, Ohio, attorney, came to Mays
vile Thursday morning in response to
Il telegram from Chief Ort and return
ed Thursday afternoon with his son,
John Mahoney, who was picked up on
the streets here at late hour Tuesday
by Officer James Mcnamara.
Young Mahoney. according to his
father, has been for several years in
the United States Navy and while there
lost his health, 1t appears that his
trouble has also affected his mind and
after being with his father a few days
following his discharge from the Navy,
the young man with about 1925 left
lronton, When he was found here
Tuesday he had about five dollars on
his person. The young man has served
In the Philippines and throughout Eu-
rope. He is a highly polished young
fellow who speaks about six different
languages fluently. He is an expert
electrician and has done newspaper
work for years.
The young mans father has many
friends in Maysville and was pleased
TO know that his son had received good
treatment from the Maysville authori-
ties. The local chapter of the Red
Cross was notified by the Ironton
chapter to look after the young man
while here.
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1921-10-13
AT LAST

We have price and service for
every purse, a superior service at q
reasonable price for everyone.
Service No. l. - Family finished
washing at 16 cents a pound; each
must contain an equal amount Of fla,
work and wearing apparel.
Service No. 2. - Rough dry washing
flat pieces, ironed at 8 cents a pound.
Service No. 8. - Bedding, comforts
35 cents, blankets, cotton 20 cents
wool IS cents; bed ticks, 25 cents
feather pillows 25 cents, feather bols.
ters so cents, spreads 20 cents, sheets
8 cents, pollowslips 2 cents, holsters
4 cents, tablecloths 10 cents, napkins
2 cents, towels 2 cents.
Service No. 4 - Odorless dry clean
ing, ladies suits and cloaks $1.00;
mems suits and overcoats $1.00, all
work guaranteed.
We have an auto and wagon in your
neighborhood regularly and hope to
make your acquaintance.
MODERN LAUNDRY & DRY CLEAN
ING COMPANY.
Phone 1853
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1921-10-13
WIFE ASKS DIVORCE AND
DAMAGES FOR ALIENATION
Fleming county Woman Asks Divorce
From Her Husband and Sues An.
other Woman for Alienation.

The Flemingsburg Times Democrat
says:
Tuesday afternoon there we're two
suits filed In Circuit Court here which
were a surprise and somewhat shock
to the community.
Mrs. Nettie Duncan, nee Mills, filed
suit for divorce from her husband, s.
o. Duncan, to whom she was married
In 1888, alleging cruel and inhuman
behaviour toward her, indicating set
tied aversion to her on his part. She
also asks the custody Of their twin
daughters, now IS years Of age.
Mrs. Nettie Duncan also filed suit
for $4,000 damages against Mrs. Beu-
lah Dudley alleging that said Mrs.
Dudley had alienated the affections OF
her husband, s. o. Duncan, and broken
up her marital relations.
The suits were filed too late to get
on the docket for the October term.