davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-05-18
INVESTMENT NOTES.
An Attractive Issue.

With the American Telephone and
Telegraph Companys capital stock on
3 per cent basis. its per cent. CON
vertible bonds. due in 1925. always re-
garded with great favor, are considered
row one OF the most attractive convert
ible issues on the list. They are con-
Nertible into the company's capital stock
at l06, which sold above los in March.
when the announcement was made OF
the increase in its dividend rate from 5
per cent. to 3 per cent. The company :
earnings reached their high in 1920, and.
in the words of its president, the com
pany is entitled TO considerably higher
earnings without being subject to the
criticism or earning more than fair re-
turn" The company is one OF the most
prosperous public utility corporations in
the country. Its policy is TO pay such
dividends as will maintain the market
value of the etock at a premium. IL is
clear that higher prices for the stock
would not be unreasonable in view of the
dividend and, therefore, the prospects OF
early profitable conversion of the bonds
Is right.
The New York herald., 1921-05-18
NJ LWAIN CO. AND
INTERNATIONAL JOIN
Shoe Merger Will Have a
Daily Capacity Of 120,-
900 Pairs.

I BosToN, May 1.-THE merger OF the
International Shoe Company Of St Louis
and the W. II. McElwaln Company Of
, this city. shoe manufacturers. was an
nounced to-day. II brings together
companies whose combined sales aggro-
gated $3.50, 100000 last year A joint
capital OF $4,000, 900 IS said to be in
volved. merging OF which IS TO be effect
ed by exchange of securities without
public financing.
The merger takes in thlrty-two shoe
factories OF the International Shoe Com
pany in Illinois. Kentucky and Missouri I;
| three tanneries of kistler. Lesh & Co.
| OF Boston, recently merged with the St.
| Louis concern. in Pennsylvania and
North Carolina: ten shoe factories. two
tanneries and four shoe material fac
tories of the w. II. MeElwain Company,
all in New Hampshire
1 "The merger is the result" said ]. It.
/ McE.lwain, president OF the McElwaln
| Company. "of a long standing kinship Of
purposes and ideals between the two
companies and of the desirability or
4 solving Jointly the problems Of the fu-
ture. The companies do not compete eX-
cept on the frnges OF their respective
| lines"
| +. c. Rand. president OF the Interna-
| tional Shoe Company, said:
For more than three years We have
4 not been able 10 make as many shoes as
our customers wished to buy from us.
Throughout the dun period of the last
six months we have not closed down a
| factory With this added strength the
| International Shoe Company Is pre-
pared to produce 12o 900 pairs Of shoes
daily"
The New York herald., 1921-05-18
Central OF Georgia 5s.

The Central OF Georgia Railway Com
pany's consolidated 5s have shown or
late in~>ased activity on the New York
stock Exchange. They have twenty-four
years TO run. yield at current prices,
about s.S5 per cent and are secured by
n direct mortgage on the mileage owned
bv the company and amounting 20 1.4S5
miles. including important main lines.
In 1917 they sold as high as 10S. Their
1921 price range has been between S2is
and 50. The road is controlled by the
Illinois Central Railroad Company
through ownership OF its entire capital
stock. There are outstanding Sis,50o.-
400 Of the Georgia's consolidated 81. sub
iect 10 prior liens OF about sl2,00o,o0O.
The New York herald., 1921-05-18
An Inactive Bend.

Dealers report an inquiry for Cleve-
land. Cincinnati, Chicago and st. Louis,
Springfield and Columbus Division first
As. due on September /. 1910. They ate
listed on the New York Stock Exchange,
but rarely appear on the tape ON
their present bid price they are on about
a SIS per cent,<basis. The bonds are
secured by first mortgage on forty Ave
miles or main line road from Springfield
10 Columbus Ohio. All New York Cen
tr.al through trains between Cleveland
and Cincinnati pass over that line. Dur
ing Government control this road was
one OF the few that earned more than
its guarantee. For the last five years
all or it's interest charges hpe been
earned on The average Of more than two
and one-half times annually. There are
outstanding s1.1O3. 500 of these bonds. at
the rate OF s24.522 mile. In 1916 they
sold IS high as sc u. They are prior In
lien TO the company's general mortgage
bonds. due In 1898, and TO It's refunding
and Improvement mortsage bonds dated
in 1919. which provide for the retirement
of this issue.
The New York herald., 1921-05-18
Active Trading in Bonds.

The bond market was active, but its
price movements were not large yester-
day. One exception was Chile SIS, which
underwent violent fluctuations, opening
at 92ia. off - points and then recover
ing about points. The only other
feature of the market was the decline ol
Liberty 3as TO a new low of IS. IN
fractions Third Avenue adjustment o.
were prominent moving Zip about q
point. Interboro Rapid Transit Az Ger
t.fcates gained more than point and
q similar advance was scored by Inter
boro Rapid Transit refunding 5s. The
trend in the iudustrials was slightly
upward Cerro de Pasco SIS opened at
l0sis and advanced to 109A, and SIN
clair Oil 7l2s were active and strong.
Rails were quiet and irregular. Public
utilities were firm.
The New York herald., 1921-05-18
Arrival OF the Industrinls.

Until recent years industrial bonds
were regarded as belonging to the specu-
lative class and were rarely recommend
ed by specialists for Investment. The
financial position of most of our import
ant industrial corporations. however. has
improved so rapidly that the safety ana
stability of their outstanding bonds Is
beyond all question This is best Illus
trated by statistics of bonds at present
in default. which show $500. 100000 OF
railroad and traction bonds and only s44,-
$4,000 ofdustria bonds. on which no
interest is being paid. incidentally. the
biggest item in the industrial total Is
s25,0o0, 900 OF the as Of the Institution
for Encouragement of Irrigation Works
and Development Of Agriculture, ;. A.,
a Mexican obligation.
The New York herald., 1921-05-18
pnnnn al.

r Lorillard Is o27.
H.. l07 "a
IT,. l07i2 Wabasb Oh
+ Lorillard 5s -4i,
l,.;..,,,s - westernElec 5s
vi 49, ny 81 I....4. .p63s
itSo West Md as
The New York herald., 1921-05-18
yieksburu. Shreveport 4 Pacific.

In their past purchases OF American
railroad bonds British investors dis~
PLAYED remarkable foresight and shreWo-
ness always picking out natural trace
routes. sure TO develop rapidly. A road,
practically owned in England until a
large block or its general mortgage .
per cent. gold bonds was purchased anu
brought over here, was the NlcKspurg,
Shreveport and Pacific. In connection
with the Alabama and Vicksburs Raii-
way. the vicksburg. Shreveport and
Pacific Railway forms the main line OF
the Queen and Crescent route between
Meridian. Miss, and Shreveport, La. IL
is a natural trade route and the shortest
lin between centrol Texas points. as f'ort
Worth and Dallas. and Southeastern
points. such as Birmingham, Atlanta,
Augusta and Montgomery. The com
pany owns valuable water front prop
erty in Delta, used in operation OF water
transfer between that point and Vicks-
burg, and, with the Alabama and Nicks-
burg Railway Company. controls the
Louisiana and Mississippi railroad
Transfer, the owner OF floating transfer
equipment. The general mortgage ponos
OF the Vicksburg Shreveport and Pacific,
dated May l. 1901 and due on May ],
1941. are a direct mortgage, subject only
TO s1,323,o0O OF prior lien per cent.
bonds. on all the company's railway
property and all it's real and persona
properties. rights. privileges and fran
chises The company's total funded DEBT
including the prior lien bonds and $685.
$50 of equipment trust bonds, is out
standing at the low rate OF S1S.Sl9
mile OF road. In the six and half
wears ended on December 81. 1920, the
company's earnings available for the
payment Of interest. averaged s44S,oo0
a year. equivalent to two and three
quarter times its present annual mort
gage bond interest requirements.
The New York herald., 1921-05-18
More NewfoundIands Purchased.

Dillon, Read & Co. and Lee, HigSin-
son 4 Co. announced yesterday the pur-
shase OF st,500,000 OF additional New
foundland bonds, following the success
full distribution Of the original purchase
OF Sf.500, 900 of Newfoundland fifteen
year 6ls per cent. gold bonds. The new
bonds are being offered at e35s. the
priceaof the original issue and interest
70 yield about 1.20 per cent. The bonds
are the direct obligation Of the Govern
ment OF Newfoundland and will be eN-
empt from all present or future taxes
imposed by IL. Newfoundland is the
Oldest colony in the British Empire and
has go, 900 population and an area. in
Guiding Labrador Of 162,75o square
miles
The New York herald., 1921-05-18
The Breal. In Chile S..

The Chilean Government bonds
marched down the hill quickly and right
up again i'm transactions Of seventy
bonds, following the dissolution on Mon
day night of the syndicate which orig
inally offered the $4,000 600 OF Chilean
bonds in February. The syndicate man
ayers disposed last week OF the unsold
balance OF 375 bonds to a small syndi-
cate and at the close of Mondays bust
ness the support of the original syndi-
cate was withdrawn. At yesterdays
opening there were offerings or forty
five Chile SIS at the market and no sup
porting bids. The first block sold at
921a and the second at % n shrewd
trader in the bond crowd getting the
lower price Then followed a sharp up
turn and on buying orders sales Of
twenty-five bonds resulted in a market
at 96l4 and 96ia.
The New York herald., 1921-05-18
International Paper.

Ut has been suggested that the Inter
national Paper Company may take al
vantage OF its strong financial position
to retire its outstanding bonds. It's out
standing funded debt is not large ana
consists OF an issue or $6.266ooo OF nrsi
and refunding 5s. due in ls41. and less
than 100000 OF consolidated mortgage
5s OF 1885. In 1920 s12l.oo0 OF the frst
IS and 100000 of tho consolidated
mortgage SIS were retired. The first bs
are redeemable at 1927. They are Sc
cured by a, first mortgage on all of the
company's property. The company's re-
port for 1920 shows surplus or sSz'-
062,s19 and net working capital OF
about s26. 100000.
The New York herald., 1921-05-18
BOND NEWS AND NOTES.
Average Bond Prices
May IL, 1921.
San Diego Gas Offering.

A syndicate composed OF Harris
Forbes & Co, Blyth. Witter & Co. and
| II. M. Bylesby & Co. are offering
s2,75o 900 of the San Diego Consolidated
Gas and Electric Company's first and
refunding mortgage per cent. gold
bonds due on March /. 1899, at 81 and
interest to yield 7.30 per cent. The
company furnishes gas and electricity
in San Diego and vicinity and oper-
ates in San Diego under a consttu-
tional grant direct from the State of
California, unlimited as to time. As
officially reported for the year ended
on April 30, 1921, the company's gross
earnings were s3.092.524 and its net
earnings. s913.S46, or more than twice
the annual interest charge on its funded
debt, including this issue.
The New York herald., 1921-05-18
HERMAN METZ TO GIVE DINNER

The National Cooperating Committee
of The Southern Commercial Congress
has established permanent Offices in the
Waldorf After the next meeting a com
plmcutary banquet VIII he rendered by
Herman A Metz. chairman
Guests viii include Eugene Never. Jr.
Assistant secretary ot Commerce trus.
toni itoke Smith former Secretary of
tho Interior. Duncan r. Fletcher If fhe
international Iligh Commission. and
Federico Alfonso rczet AnbassaSor
from Peru.
The New York herald., 1921-05-18
PROPOSALS.

+ r;enuest for bids under Section 10 OF the
CLAYTON Act, by The Pennsylvania Rail-
road Company. contract aerial No. 5OOf
foa supply of approximately; Is 900 gal
tons kerosene on. 5000 gallons Motor
and 90 gallons Motor on. 4 8. b. local
polnis or consumption, about n0ec tartt
wagon deliveries. along the Pennsylvania
Eailroad iu the states of New Jersey
Maryland. Virginia and West Virginia, as
ruay be required during period June ist
- December 81. 1921. inclusive.
2 Bids must be submitted on or before noon
EastefR Standard Time, May 20, 1921 aud
will be received and opened by Mon tgom-
cry Emith, Purchasing Agent. N. W. cor
usr 18th a Fiber, Sts. Philadelphia Pa
where full detailed information may DO
obtained.
8 Company reserves the right 10 reject any
and oil bids
THE PENNSYLVANIA RAILROAD COM.
wANY.
May ~, 1921.
The New York herald., 1921-05-18
BuAz,L GERS LOAN ~ u. :,

Blo IANEiEo, Mas l7.--N Government
announcement. issued to-day says uiat q
lcau has hcnn tontracted in the United
states for $50 0oo o00. bonds for the rrsi
ia " that sum having hccn launched
vortcrd9, iu New Yotk. Tho sccoad hat
viii be- issucd when tho Covarnuonl
judges necessary" the statameaL adds.
The New York herald., 1921-05-18
HniI Issues Authorized.

The Nashville. Chattanoosa and ST.
Louis Railway waa given yesterday au-
thoritv 10 issue ST 100000 ~ it's fret
consolidated mortgage per cent gold
bonds and pledge thcm as collateral foe
promissory notes 20 be issued by the
road. The Interstate Commerce Com.
mission approved the application Of tire
Chicago and Western Indiana Railroad
10 issue S5s4.o00 of It's consolidated fifty
year gold bonds FOR delivery under cor
tain leases
The New York herald., 1921-05-18
wcs,chcster County Award.

The Controller ~ Westchcster county
awarded yesterday 100000 Of . per
cent scml-annual thirty-six and hair
year average Bronx Parkway and S106
900 OF 8 II per cent. semi-annual six and
one-sixteenth year average highway
bonds to g. -. Barney 4 Co, Rutter a.
Go. and Sherwood & Merrifleld
The New York herald., 1921-05-18
CITY ofBerne 8
cryofIurIch 81
DIN Canada5Ls
fQ80

9S7. SOS in April, 1899. according 20 the
Mope tory Tfmss of Toronto. Canada g
corporation borrowings for tho tlrst four
months OF this year aggregated $780,
S11. .i52. contrnstcd with Sl0296o,6o2 IN
the corresponding 1920 period
The New York herald., 1921-05-18
Cook County Issue Awarded.

Amcs Emerich 4 Go. and Marshall
Field Glore. Ward & co Jointly put in
the highest bid FOR 100000 OF Cook
County Forest Preserve District one 10
twenty year 4 Per cent bonds at Si55, ,o5G
and were awarded tho issue
The New York herald., 1921-05-18
Glen Cove Asks for bids.

Sealed bids will be received until May
% by the Commissioner OF Finance Of
Glen Cove. n. Y. FOR S25O.000 of per
cent. Glen Cove sewer bonds. which will
mature annually In 1922 to 1871. in-
elusive.
The New York herald., 1921-05-18
Canadian Financing Grows.

The new financing IN Canada of iast
month vss sg6.J00s77. including sG..
500 100 ~ Provincial Treasury Bills.
against s23.596.t67 In March and s26.-
The New York herald., 1921-05-18
roSpo~ MONEY MARKET.

foSpoS. MAY II Bar silver. 1923.
lid. money. 81. per cent Discount
rates--short bills, SA per cent three
months bills. Bss 40 1i.ts per cent
The New York herald., 1921-05-18
pIyIpKNnS ANp INTEREST.
office ~
THT UNITED Gas IurRON EMINT 90.
y. W. Corner Hroad and Arch streets.

FTFTs WHFII Y.
Tho Directors have this day declared
quarterly dividend 81 one ana thfer-uuarters
Msr cent. tS1isc uef sharey un the Preferred
STOCK - Ills COMPANY naNabie tune H..
net 10 holders III Preferred stock ~ record
r tho close RI business MAY 5i 1921. Cheeks
VII be mailed
h w NORRIS Treasurer
The New York herald., 1921-05-18

III: CHARLES il. sABIN, President.
pated May 16 1921
The New York herald., 1921-05-18

YoCe sMaHon usrss al p gbs Nev
Nosk Herald Shouts nIt 1ou N touch ~ II
Just tho rort of people wfth ebom you Would
liGs to connect Try onp.--Aay,
The New York herald., 1921-05-18
NOTICE to- THE HOLDERS OF
DONINICA> REPUBLIC
Customs Administration SO sinking funt
l.oid Rondx Due Eehr,Inry 4. 1853.


NOTICE is HEREBY GIVEN tnat Guar
amy Trust Company Or New Nork as sue.
eessor 10 Morton Trust Company, Fiscal
Agent under the Fiscal Agency Agreement
made hv and between the Dominican Repuo-
iic and Morton Trust Company dated Janu-
arv IT, 1905. hereby invites proposals Tor
INC sale to Tho Sinking Fund on May -,
ia2i ~ bonds OF the above issue IN such
amount as will exhaust the sum Of Three
Hundred Thousand Dollars $500 ,00ol At
he lowest prices at which eaid bonds VIII
~ offered for sale, but not exceeding loaiaeo
- the principal amount thereof and ac-
crred interest. Sealed proposals viii be re
ceivcd al the TREST DEPARTMENT OF the
undersigned. 10 Broadway. New York City,
Hn 10 10 O'Clock A. NJ on Thursday, May 26,
1921 Payment Or the amount of the accepted
offers and accrued interest due thereon win
oe made upon delivery to the Trustee of the
bonds purchased
'rhe right Is reserved 10 reject any or an
offers in whole or IN part
GUARANTY TRUST COMPANY
OF NEW YORK.
Rv. CHARLES II. SABIN, President.
Hated May 16, 1921.
The New York herald., 1921-05-18
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The New York herald., 1921-05-18
Producer Wanted

Ncv, well financed Consolidated
stock Exchange house wants
Board Room and telephone man
With clientele at once Excellent
proposition 10 The right man
Give full details in letter Strict
cst confidence. Address w. T.. r.,
Postotficc box 37e, City Hall
Station, New York.
The New York herald., 1921-05-18
| Investor and Bond Trader

All Investment firms appearing these columns will furnish
NJ(lIE 0 Bonds advertised They also will
" L individual investment requirements
The Bridgeport times and evening farmer., 1921-04-14
POPULAR TEACHER WEDS AT CHURCH
 THIS MORNING

An early morning wedding was se1emnized this morning of wide local interest, when Miss Mary Cecelia Light, of 257 Black Rock avenue was welded at 6:3c o'clock in Sacred Heart church, to John Regis Ganley of Bethel, Conn The ceremony was performed in the presence of the inn mediate families by Rev. Joseph Gan ley of St. Augustine church, brother of the bridegroom, at Q solemn high nupual mass.
 MT. and Mrs. John A Mccarthy were the only attendants at the cere- mony, which was followed by a we'd ding breakfast at the brides home. The couple left for a honeymoon trip on the noon train for Washington D. C., and Atlantic City, New Jersey. On the3r return, MT. and Mrs Gan1ey will reside at 257 Black Rock avenue.
 The bride has been a popular mem Der of the teacher corps at Prospect school for the past four years, while the groom is president and treasurer of the G. R. Ganley Inc, wholsale dealers in sugar and grocery special ties.
The Bridgeport times and evening farmer., 1921-04-14
SUFFER FROM OVERDUE APRIL
 FOOL PRANK

The police department is today re- covering from delayed fool joke for wh;ch its fell last night, and William Allen, a 14-year-old negro boy, of 76 Highland street, perpetrator of the affair is doubtless promising his moth CT that he will never again attempt to go on a ''spree' with the maternal funds. It was admitted this morning: that '|Willyum' had the police and hospital authorities going for a short time.
 Yesterday morning, the young mans mother gave him 75 cents to make a purchase, but William decided thaA with the cash. He first bought some papers, and attempted to sell them in the railroad station. He then gath cred together a few of his youthful cronies, and they made the rounds of local lunchroomS, partaking generous ly of food. At a runmage sale in Middle street, William blew himself to a pair of leggins.
 All went we'll until last night when William caught sight of his mother in Golden Hill street Conscience suddenly smote him z. terrific blow. and it was then that the youngster had a great idea. He gagged himself. tied his left arm to his left leg and threw himself into a box in an alley in Middle street He was found "un- rushed to St. Vincent's hospital for treatment While at the hospital William confessed his misdeeds, and explained that t was all a joke. It is expected that several excited police men will recover.
The Bridgeport times and evening farmer., 1921-04-14
CREHAN GOES TO CHICAGO FOR
 CONVENTION

State President Simon Crehan of tne American Association for the Recognition of the Irish Republic left Bridgeport at noon today for Whlch he is a member, will meet to- morrow and Saturday to make ar engagements for the first national convention of the organizat tion which wiil be held in Chicago on April Sth and 18th. The remainder of the del- egateS will leave on excursion trains Saturday. Invitations have been sent to all U. s. Senators and Congressmen and to the various State Executives to attend the convention. Senators Walsh of Massachusetts and Norris of Neraska will address the conven- tion, and Senator Johnson of Califor- mia may also speak. MT. Crehau, who is a member of the credentials com mittee which will pass on eligibility of delegates to sit in the convention, said just before he boarded the train: The Chicago meeting is the first national convention of the American Association for the Recognition of by President De Valera for the pur- pose which it's name implies, and is designed to afford Americans who believe recognition of the Irish Re public is in accord with American ideals an opportunity to work to- gether in an efficient organization to- wards a common end without regard to political or religious affiliations It
  ton in point of numbers and in work accomplished ever participated in by members of the Irish race in Amer ica- The action taken at this conven- ton will determine the future course of those interested in recognition of the Irish Republic by our govern ment. It is an American meeting called by Americans and a. rallying point for those who believe that the principles on which this government was founded should be extended to all people. We have invited our Sen ators, Congressmen and Governors to sit with us in order that they may hear the authoritative presentation of the case by those best qualified to speak,
 The local branch of the orSaniza- ton, MacSwiney Council. will meet at Carpenters Hall tonight, where a con certed effort to increase its member ship to 5000 will be inaugurated- ter emiah J. Sullivan president of the council, will leave for the convention Saturday.
The Bridgeport times and evening farmer., 1921-04-14
MO'IHER'SCLUBS ARE MEETING IN
 MERIDEN TODAY

Meriden, April 14-About 200 del- egates, representing eightly local mothers clubs and parent-teacher as- sociations, were welcomed in Meriden today at noon at the Rogers Memorial Building at the opening sessions of the annual convention of the Connect icut Congress of Mothers, Mrs. George B. Chandler, of Rocky Hill, presid- ing. Local home and school associa- tonS are hosts This afternoon is largely devoted to the subject of so- c2a1 recreation of young people and its supervision with an address by Miss Jean Hamilton, Secretary of the National League of Girls Clubs, on 'Recreation" followed by a discus sion with Miss Janet Purdue, dean of New Haven High school, leading. The delegates will visit Undercl:ff sanatOrium for children and this evening there will be a reception for the prominent visitors and an ad- dress by Orrin G. Cocks, secretary of the National Board of Motion Picture Review.