davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-04-16
READINGS ASSETS INCREASE.
Reports Gain of $4S,s1s,OO3 ON
December FL for Year.

A balance sheet OF the Phfladelphia
and Reading Railway Company for
1920 has been issued In connection
with the proposed merger OF the railway
with the Reading Company. 1t shows
total assets on December 81. 1920, on
s222, $50. 20e. against 173.73s.2o6 on the
preceding December 81, an increase OF
$4S .003.
"a large part OF the increase In dre
to a change in accounts following tho
termination of Government control and
operation on February 2S, 1920" says
statement issued by the company
Probably the most noteworthy change
in the balance sheet Is the unusually
large increase in property investment
account and. conversely, In that part OF
corporation surplus which has been built
up as a result of additions and surplus
''The total increase in property invest
rnent is placed at $20.210.353. On the
liability side the company reports under
corporate surplus additions to property
through income and surplus OF s53. 451,-
156, an increase of s20,067,971 In
year."
The New York herald., 1921-04-16
GOLD sPECULATORS IN CHILE.
Dollar Is Highest In History
There, Stihing Trade.

SANTIAGO. Chile. April IA steady
decline in foreign exchange rates in the
last few days Is due. II is said, to large
speculation In gold drafts sold by the
Government, which created an artificial
scarcity. Quotations on the dollar are
o pesos centavos. the highest In Chi
lean history. making commercial trans
actions virtually impossible.
Operations by spectators were made
possible by lack OF drafts for paying
bills for nitrate. The Government sold
It's gold drafts obtained from the rail-
road loan and spectators bought and
held them. Vigorous action against
speculation will be taken. the Minister
of Finance says.
The New York herald., 1921-04-16
EXCHANGE ENTERTAINS
OUT OF TOWN MEMBERS
Close VieID of All Depart
n1eRfs GiUen.

Out Of town members or tho New
York Stock Exchange and their part
ners numbering about 200, were guests
yesterday of the exchange. at a luncheon
and meeting designed to give the vis-
itors closer insight into the workings
OF the exchange and It's affiliated insti-
tutions. The visitors watched the opon-
ing Of tho market from the gallery, after
which they were formally received BY
William Fl. Remicls. president, and other
officials In the governors room. Mr.
Remick outlined briefly the growth OF
the exchange. which has changed from
purely local institution to one with
members ~ almost every state.
I'VE want the people Of the country
To realize he said. "and I hope YOU
realize, that your governing committee
is doing It's utmost TO safeguard the
public In every way possible and that
the code OF ethics and the sense OF fair
dealing OF the members Of the exchange
is as high. yes. higher. than II found
In any other business of the country"
III. q. >. Noble, a former president
and a governor of the exchange, traced
tho development Of the odd lot business.
pointing out that II plays big part IN
stabilizlug the market as we'll as cx-
tending to small Investors the opror-
tunity of placing their funds 90 adyan-
tago. The guests visited The quarters OF
the Stock Clearing Corporation. and
after eating at he Lunchcou club. sam
ucl +. STREET. president Of the corpora
ton made an address. lfrastus Tefft
spoke on tho specialist III stock trading
The concluding address was made by
John q. Milburn, counsel of the ex-
change.
The New York herald., 1921-04-16
ELECTIONS AND MEETINGS.
THE CHESAPEAKE AND OHIO RAILWAY
COMPANY
IITAI. MEETING.

NOTICE OF ANNUAL MEETING.
Richmond, Virginia, February II. 1921.
NOTICE is HEREBY GIVEN that the
Annual Meeting Of the Stockholders OF The
Chesapeake and Ohio Railway Company VIII
be held, as provided IN the Bylaws. at the
general office of the Company in tho City
OF Richmond. Virginia. on Tuesday. the 10Th
day OF April, 1921. at eleven o'clock A. NJ.
1) for the election of directors;
(2) to approve and consent to. by vote
or otherwise may be provided by law
and subject to any necessary approval or
consent by public authority, the lease to
the Company. the acquisition other
wise by the Company IL and to the extent
authorized by law, OF the railroad and
property, with the appurtenances thereof,
OF The Chesapeake and Ohio Railway
Company OF Indiana, In which the Com
pany owns substantially all the capital
stock:
(3) to authorize and consent to the
form and terms of any instrument Of
lease or otherwise In the premises that
may be submitted to the meeting:
t4) to approve. ratity and confirm such
action Heretofore taken or authorized by
the Board OF Directors or by the Execu-
tive Committee OF the Company, whether
pursuant to any previous authorization
by the stockholders otherwise, as may
be submitted to the meeting: and
(5) to transact such other business as
may lawfully come before the meesxig.
The stock transfer books will be closed a..
the office OF the Company. No. 81 Broad
way, New York City. on Saturday, the 10th
day of March, 1921, at twelve O'Clock noon.
and win be reopened on Wednesday, the Goth
day OF April, 1921. at ten o'clock A. M.
BY order OF the Board OF Directors.
The New York herald., 1921-04-16
ATLANTIC REFINING
EARNS $I82 A SHARE
Surplus Is More Than 81 900
a Share on Common Stock.

The Atlantic Refining Company re-
ports for 1920 net profits after charges
and Federal taxes of s1o,51s.694, or
s1s2.27 a share earned on the s5,000,0oo
common stock outstanding after deduc-
tion OF preferred dividends. In the pre-
ceding year the surplus was $S,s71,046.
or s17742 a share. Dividends amounted
to $2.376,S51, compared with $1.0o0.00o
In 1919 leaving, final surplus OF
S.1S6.S43, against $7.s71,046.
The company's total surplus. SIS, 387,-
$50. compared with capitalization OF
SIS, 000, 900, represents s1,505.75 Snare
on the outstanding common stock. After
deducting the outstanding preferred
stock Of a par value of $40, 900. 600. there
remains surplus in excess Of $1,000
share for the common.
The New York herald., 1921-04-16
Life Insurance Investments.

The American Acceptance Council
points out that the Legislature which
designates all classes of bankers bills
as eligible investments for savings banks
would not have to establish much of a
precedent should it extend the same
privilege to the life insurance companies.
The council has suggested that life in
surance companies be permitted 10 In
vest portion Of their funds in such
acceptances. but 1t finds that the State
law on that subject is somewhat am
biguous. although little change would
be required to make prime acceptances
eligible for such companies. At pres
ent the law places in the eligible class
bankers acceptances secured by ade-
quate collateral" In theory all accept
anccs are thus secured-but. in practice,
pnly small proportion OF acceptance
bills have attached documents giving
bankers control of goods until the bills
have been liquidated.
The New York herald., 1921-04-16
HUGHES TO TAKE UP
MEXICAN POLICIES
Summons Summerlin, Charge
d'Affaires, to Get Informa-
ton at First Hand. 4
Special Despateh 70 THE Nrw Yoak HnsAI,
New York Herald Bureau,
Washington, ID. g.. April Is.

New York Herald Bureau,
Washington, ID. g., April Is.
The Harding Administration has
moved in the direction of formulating
its Mexican policy. It has recalled
George 7. Summerlin, Charge d'Affaires,
who will confer with the State Depart
ment on the Mexican problem. including
its relation to the worlds oil supply.
Since the present Administration went
into office 1t has been expected that
Mexico would make some move which
might lead to a better understanding.
but this expectation has not been ful-
filed.
Mr.. Summerlin is in a position to give
to the State Department the latest in
formation concerning the intricacies OF
Mexican affairs, as well as the latest
views of President Obregon.
The Administration Is known to hold
an open mind on Mexico. having neither
accepted nor rejected as part OF It's poll
icy the proposal of former Secretary or
State Colby that as condition prece-
dent to recognition OF the Mexican
Government, commissioners be prompt-
~ designated by both Mexico and the
United States to formulate treaty em-
bodying the agreements which have
been reached" to the effect that article
q of the Mexican constitution lis not
and must not be interpreted as retro
active or violative of property rights.
1t may be expected that Secretary OF
State Hughes will apply the same test
to Mexico which he did to Russia ana
that he regards the resumption OF pro-
ductivity as absolutely essential to the
welfare of that country. IT also may De
relied upon that he will insist upon
proper guarantees of human life and
OF private property.
The New York herald., 1921-04-16
Good News.

The large budget of news, so favor
was responsible for the marked improve
ment in yesterdays stock market. As
trader expressed it, there is seldom
to be found single edition of a news
paper with so much good news. There
appeared in yesterdays papers the news
that the Boston Reserve Bank had cut
its rediscount rate that the British
strike situation was considerably bright
er, that the railroad labor agreements
had been eliminated. etc. On top Of
those stories later in the day came
others remarl1ing on Improvement in re-
lations between this country and Mex
leo with respect to oil properties and
also predicting that the British indus
trial dispute was nearing the point
where it probably would be settled.
The New York herald., 1921-04-16
TOPICS OF WALL STREET.
Boston'. New Discount aaee.

The Boston Reserve Bank. with a
reserve ratio a week ago OF more than
81 per cent. has taken the initiative In
the East in lowering the discount rate
on commercial paper from per cent. to
s per cent, that action being taken In
Wall Street as paving the way to
general readjustment OF such rates until
a uniform 6 per cent. applies throughout
the system. In view of credit demands
in New York the local Reserve Bank
Will be, IL is anticipated, among the last,
If not the last, one to readjust its redis-
count rates That rate is described as
money rate. and, of course, will have to
be lowered when money conditions war
rant. While the Boston action does not
imply necessarily that other reserve
banks will follow suit Immediately. the
varying loan demands and credit condi-
tions will come In for careful analysis
almost daily, and next month should see
6 per cent. rate in the New York dis
trict for discounts on commercial paper.
The New York herald., 1921-04-16
RECEIPTS AT CUSTOM
HOUSE AT HIGH PEAK
$II, 900, 900 IN z Days Due to
Tobacco Withdrawals.

The receipts for duties at the Custom
House yesterday. for the second time in
the records, topped the two million
mark, being s., 2,314 .913.66. of which s1622,-
5sS74 was for merchandise withdrawn
from bonded warehouses and $685.. .92
for recent importatons.
Including last Saturday. when the re-
ceipts were s2.45S,957. breaking all rec
ords. the total for the seven days end
ing yesterday was sl1.2l0,026.51. the high
est for the period in history, due chiefly
to the withdrawal from bonded ware
houses OF vast quantities of leaf to-
bacco to avoid the payment OF higher
duty under new tariff legislation.
The New York herald., 1921-04-16
international Paper.

At least one stockhoder of the Inter-
national Paper Company Is dissatisfied
with the company's policy of ploughing
It's earnings back into the property and
leaving its common stock without divi
dents and is planning to make a fight
against the management in its annual
meeting next week. Through an out Of
town broker that stockholder has begun
to ask for proxies from other share
holders with a view, it is believed, of
attempting to control the meeting and
ousting the management. Officials Of
the company expressed surprise yester-
day that such a move was under way
and declared that they had heard moth
ing Of 1t. They said that their usual
request for proxies for the company's
annual meeting had gone out in the
regular way and was being answered in
about the manner Of other years. They
were not inclined to be alarmed at the
prospect Of opposition in the meeting.
The New York herald., 1921-04-16
CHTCAGo UTILITIES COMPANY.

FIRST MORTGAGE FIVE PER CENT.
THIRTY YEAR GOLD BONDS.
Notice is hereby given 10 all holders OF
bonds secured by the Indenture of Chicago
Utilities Company to United States Mortgage
and Trust Company. Trustee. dated June !.
1912, that a suit has been brought by the
undersigned as Trustee under said lndenture
against Chicago Utilities Company. Chicago
Tunnel Company, and others, in the Supreme
Court. County of New York, for instruc-
tions as to what part. Ii any, of the pro-
ceeds of sale OF the telephone properties Of
the Chicago Tunnel Company should be ap-
piled to the settlement and discharge of the
unpaid taxes and franchise compensation
claimed to be due from said Chicago Tunnel
Company; and that efforts will be made TO
have said suit brought on for trial and tried
during May, 1921. The suit papers may be
Inspected at our office. No. % Cedar Street,
Borough of Manhattan, City OF New York.
Any bondholder. at his own expense, may
intervene and plead In said suit up TO the
time of the trial and may be heard at the
trial.
Dated. March o. 1921
UNITED STATES MORTGAGE AND
TRUST COMPANY as Trustee.
PATTERSON. EAGLE, GREENOUGH x
DAY. Attorneys for Plaintiff Trustee. 100
Broadway. New York City.
The New York herald., 1921-04-16
ALASKA GOLD MINES DEFICIT.

Alaska Gold Mines Company reports
for 1920 deficit, after charges. OF sS12,-
0a1, compared with a deficit Of sS09.9 $40
Inv 1919 The years, production was
valued at si,fS7.576; operating expenses
were $1.162.7T1; net loss from mining
was s275,195. Interest charges of s229,-
232 and depreciation of s311.421 added
to the deficit.
The New York herald., 1921-04-16
OTIS ELEVATOR co. INCOME.

The Otis Elevator Company reports
for the first quarter OF 1921 net income
after charges and taxes of st.295, 0SS. or
Si3.65 a share earned on the outstand-
inE capital stock. Not earnings after
charges and depreciation were $685.
0SS and SS75.0o0 was set aside for Fed
cral taxes
The New York herald., 1921-04-16
RICH SILVER VEIN DISCOVERED

DAWSON. Y. t.. April 15.--Recent ar
rivals from Keno Hill In the Mayor dis
trlct confirm the report Of the discovery
of nine foot silver vein in the Rico
claim there. Tho strike was made In a
tunnel which pierces n 1000 foot blur
and the center OF the vein is said to
be two feet OF solid gaiena. assaying
more than 5000 TO ton. IL Is said to
be the richest vein ever struck in the
Yukon or Alaska.
The New York herald., 1921-04-16
The Dohcny Properties.

Edward l.. Dohcny. president Of the
Mexican Petroleum Company, in a letter
to the bankers In connection with the
new financing states that the consoli-
dated net earnings OF the Pan-Ameri-
can Petroleum and Transport Company
before deduction of dividends. but after
depreciation. interest and provision Tor
Federal taxes, were Approximately
S4.1s5,000 for three months ended on
March 81. with the last month partly
estimated. That figure Is an annual
ratio OF more than $16.0O0,000. which
contrasts with 81. 752 in 1920, s6,59i, ,i21
in 1919 and $685. ,727 in 1918
The New York herald., 1921-04-16
To Become National Bank.

Application to convert the CONNER
cial Exchange Bank Of New York into
the Commercial National Bank of New
York, with $4,000 capital, has been
forwarded to the Comptroller of the
Currency. That action is the first
formal one looking toward the merger
of the institution with the National
City Bank, a step which Is to be con-
summated on or about June 1.
The New York herald., 1921-04-16
TO THE STOCKHOLDERS or THE
PENNSYLVANIA COAL AND COKE COR
P0RATT0N

Take notice that the annual meeting OF
tho stockholders OF the Pennsylvania Coal
and Coke Corporation viii be held at the
principal office of said corporation on the
10th floor OF the Land Title Building IN
tho City or Philadelphia. Pennsylvania. on
tho 2nd day Of May. 1921, at two thirty
o'clock In the afternoon. for the purpose of
eiecting a board Of nine directors to serve
for one year, and for the transaction OF any
and all other business that may come before
said meeting.
Dated April 4. 1921
ALBERT G. EDWARDS, Secretary.
PENNSYLVANIA COAL AND COKE COR
pORATION
The New York herald., 1921-04-16
Acceptnnce rates.

The general buying rate for prime
bankers acceptanccs was yesterday
5N per cent, and the selling rate. SIS
per cent. Business was III fair volume
and the change in rates was a tenn
porary reflection of the firm tone in
money rates. Call money loaned yes
terday throughout the day I'm the New
York Stock Exchange at Z per cent.
An easier tone is expected during the
coming week.
The New York herald., 1921-04-16
BRAzILIAN COFFEE STATISTICS.
SUGAR.
Thero wor

There were no fresh Developments in
yesterdays sugar markets. Their I'm.
dertone was about steady. There was
little Offering and local rehncrs showed
no buying interest except for sugars for
immediate delivery. III refined sugar
there was some rcsclling at 7.f0 cents
less per cent Reiners list prices were
unchanged at 1855 cents 10 cents less
per cent.
The range OF prices Ia yesterdays
sugar futures market followsa
The New York herald., 1921-04-16
Kennecott copper's output.

The March production of the Kenne-
colt Copper Company aggregated $685.,
900 pounds. against 6,957,S20 in Feb
ruary. In March. 1920, the output was
9,030.600. Last months production was
the lowest since May, 1919.
The New York herald., 1921-04-16
NORTHWESTERN NET 7.55 p. c.
FinIcy's Report Comments or
Soaring of Roads Payroll.

The Chicago and Northwestern Rail-
road Company earned total net income
OF s12,545.S56 during 1920. according TO Its
annual report made public yesterday.
That amount Is equivalent to 755 per
cent. on its common stock after pay
ment OF a per cent. preferred stock div
ident. Dividends OF per cent. were
paid on the sii5. .i5712s Of It's common
stock during the year. leaving a balance
OF s3,62307s. which has been carried to
the surplus account.
w. Fl. Finley, president of the road.
in detailed explanation of It's business
for the year. comments on tho increase
in It's payroll During 1877" he said.
the payroll OF officers and employees
amounted to A7, 7,3ie.2f7. For 1920 II
amounted to si0o,55o.395.'
The New York herald., 1921-04-16

Rio futures unchanged 10 - reis higher.
Dollar rate 100 lower Al GSS0O exchange.
shd lower Mt sgd. Receipts 10000 bags and
stock J1s 0oO bags. Santos futures. ~ -
rs reis lower. Receipts. $4,000 bags and
stock 2.1pS .O00 bags. Receipts at ports.
Al 900 bags. against - 900 last year and
%, 900 two years ago, Sac paulo had 29 900,
against 5000 aud 5000, and Jundnhy
10000, against 1900 and 1900 bags. respect
lively. Fine weather In four dIstficts of Sac
paulo and cloudy w one. Cleared from
Santos, 1900 bags for Now York.
BRAZILIAN COFFEE STATISTICS.
The New York herald., 1921-04-16
pnNNsyLyANrA or MARKEr.

on Cry, April 15.---Crodit balances
ss runs, 77.42e average. $1,000 ship
The New York herald., 1921-04-16

off Nc; London. 33std., Off Nd: Mexican
dollars. 44isc., off &C.
The range OF silver prices this year:
Highest. lowest.
London ......... 42Ad. Jan. 3 30Md. March s
New York ..... 6Sac. Jan. 52%c March
The New York herald., 1921-04-16
g.. ST. r.. VI. & 0. EARNS o.7o &c.

The income account OF the Chicago.
st. Paul. Minneapolis and Omaha Rail-
way Company for 1920. made public ycs-
terday. shows net income after all
charges OF s2.5S7,670 equivalent to go
per cent earned on its outstanding com
mon stock and scrip. after deduction OF
dividends on Its preferred stock.
The New York herald., 1921-04-16
FOREIGN MARKETS.

LONDON, April 15.--Bar silver. 80 ~ d.
an ounce: bar gold. 104s. i'd: money.
sK per cent Discount rates: Short
bills, 57s per cent; three months bills.
sh per cent gold premiums at Lisbon,
14o.
The New York herald., 1921-04-16
DIVIDENDS.

Stock or Pay
Record. able.
California Pack. q, $t.D0... ...... ......
Corn Exchange Bank, q. 81. Apr 30 May !
Edison Elec. Tel. OF Boston.
Y, ND...... APR. 10 MAY =
kaufman Dept. Stores. q, 81 Apr. 20 May 2
keosuk & Des Moines pr. 50 Apr. 26 May .
Merritt OIL Corp, q, Zoe. Apr. 30 May 10
The New York herald., 1921-04-16

PANS, April 15.-Prices wcrc improved
on the Bourse to-day. Three per cent.
rentes. 55 francs 30 centimes; exchange
on London. "a francs 90 centimcs; per
cent. loan. so francs 95 centimes; the
dollar Ia francs centimes.
The New York herald., 1921-04-16
COFFEE.

The range OF prices in yesterdays
coffee futures market follows:
The New York herald., 1921-04-16
LAR EAsT.

los 20 Shanghai. cents a tael:
Demand ......6a.1B 66.7b G800
Gables ....--..87.s7is e6.s7% e6.62h
The New York herald., 1921-04-16


made price outside OF the regular full
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-04-09
FLED WITH HIS
COIN, IS CHARGE
Wife Fails to Get Divorce
After Perjury Threat

Questioned an 10 her residence In
Seattle and threatened with perjury
charges by Divorce Proctor Eugene
Neschsm. Gussie Eetka finally az
mitted Saturday she had been living
In Vancouver, ~. c.. since last fall.
Judge a. w. Frater then denied her
"A divorce from John Setka on tho
ground that she had no residence
here.
Mrs. setka had charged non-sup-
port. Ehe had met John Seua IN
Ketehikan early In 1920. according
10 tho story furnished the divorce
proctor. The engagement followed.
setka give her a $1,000 ring and .
$3.50 set OF furs. Then she refused
10 live In Ketchikan and the two
came 20 Seattle. where Setka. who
could neither read nor write. allow
ed her 20 bank $1,000 for him.
This money. Il was charged. she
drew out and disappeared. being
caught nj ~. Martins Springs up the
Columbia river. after setlSa had pre-
ferred a charge OF grand larceny.
There Setka promised 20 forgive her
and brought her rich gifts while she
was being held.
Their subsequent marriage nj
Montesano caused the charges 10 ~
dropped and Setka. after falling
commercially In Aberdeen. gave his
bride 5000 and left for Kstchikan "a
re-estabilsh himself.
But he started back shortly 70 81
his bride. En- route he stopped AZ
Vancouver md was surprised. II II
alleged. TO see his wife there arrn.in.
arm with another man. He tried 10
bring charges. but failed.
On the witness stand Friday Mrs.
ss'ka at first stoutiy denied she had
ever been In Vancouver. but pressure
on Mcacham's part brought the sd.
mission.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-04-09
IS FoR sALE--REAL ESTATE

a LITTLE FARM IN THE CITY
n I-foom house with fun plumbing
piece OF ground i00kiss. fine soil
and all under cultivation! ~ fruii
trees. small fruit. black berries and
straw berries. You can make money
on thie place. Good neiEhborhood
blocks TO car and rs minutes 10
center Of city, Only ta.3O0. $500
cash, balance TO suit All assess
monts paid.
ONLY $4,000
A good five-room bungalow with
run plumbing, Lot tOxiO5. one
block 10 car 1900 cash
HARRY wOOLLEN
bf0i Rainier Ave Rainier 81
TAKE YELLOW nus
1919 first Ave. Free pass 20 SEQ
these y and garden scres; bus
Leaves every half hour. ne A
GOOD ttukHANb, have something
20 show for your rent money.
These beautiful garden tracts. city
water, lights and Al roif Price
$4,000. small payment down. bal .
ance fl0 month. just about half
price compared with otherH ebth
w. aud Woodland Park brick
highway office on ground: saies-
man on hand 10 show these ehoic~
tracts Come out Sunday and get
nESIcK- wArRous co.
Main ~ 3o1-t Marion Blk,
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-04-09
Postal Announces
Lower Cable Rate

Lower rates on foreign cable mes
sages were put into effect Saturday
by the Postal Cable Co.
Plain language deferred cablegrams
via Atlantic" TO all countries, I'm
GLIDING Great Britain and Ireland.
may now be sent At one-half the or
binary rate.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-04-09
Naturalization
Day in u. S. Court

Some were passed, some turned
down with . chance 70 Try again.
while an occasional applicant vas
denied with prsjudica." which
means that he was rejected finally.
Naturalization. Federal Judge Jsrs,
miah Netcrers court Saturday.