davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-11-29
PIERCE OIL co. SELLS
$4,000, 900 DEBENTURES
Will Enable Concern to Pay
Bank Loans Soon.

Tho directors of the Pierce Oil Cor
poration. following a meeting late yes
terday afternoon, announced the sale of
$4,000, 900 OF 10 year debentures to
Parker & Cox or New York, and West
& Co. of Philadelphia. and the compile
tion Of all needed financing so that It's
bank loans will be paid within q few
days. In connection with the announce
ment, 1t was pointed out that the volume
Of the company's sales showed con-
tlnuous increase and that prices for its
products had advanced of late. indf-
eating an outlook for increased profits.
The purpose OF the financing In addi-
ton to the liquidating Of bank loans is
to permit the company to operate its
refineries at capacity and develop more
inteneively its oil properties in the
United States and Mexico. It's refineries
have a capacity of $4,000 barrels day
and are to be increased - one of $4,000
barrels. The corporation produces ap-
proximately 5000 barrels q day and
proposes to produce or purchase such
additional crude oil as may be required
to enable it to operate its retineries to
capacity.
The New York herald., 1921-11-29
SWEDEN,S CABINET
FACES IDLE PROBLEM
Socialists to Be Pressed BY
Unemployed.

SrocK HOLM. Nov 2s.-Chief among
the tasks confronting Sweden's second
Socialist Cabinet, which assumed Office
IN October, is that of solving the uneni-
ployment problem brought about 10y the
general economic depression of the couu-
try which began last summer while the
first Socialist Cabinet was in power. j.
has been estimated there are about
10000 persons out OF work in the king
dorn.
Leaders of the unemployed have an
nounced their intention of pressing the
Government for action in favor Of e,.
tension of Government support and e
urge with all their might substantial in
crease of the daily sum allowed by Law
to each person who has not steady EN-
ployment.
Premier Branting and his colleagues
are also facing a difficult budget ques.
ton Experts say that unless the new
Cabinet agrees to a general and radical
reduction OF salaries of state employees
there Will soon be deficit difficult to
cover by means Of loans. Sweden's first
Socialist Cabinet took office in January,
1921. and continued In power until Octo-
Der of last year. when it resigned.
The New York herald., 1921-11-29
ROADS SEE CHANCE TO
REDUCE LABOR COSTS
Corporations Offer to Take
OUer Repairs.

Recent offers OF corporations and in
diyidusls to take over repairs of road
ways, locomotives and freight cars indi-
cate that the railroads will have a ready
exit from onerous labor costs If the
United States Railroad Labor Board
fails TO uphold carriers In pending dis
putes over wages and rules for shop
classes OF employees.
Practically all Eastern roads have re-
ceived many proposals from outside conf
panies, mostly construction companies or
individual contractors, Offering TO con-
tract for operation OF freight stations or
for leases OF repair shops and buttressing
their arguments with the lower cost at
which labor can - -sssStsS& by corpora
tons without the Jurisdiction of the
railroad labor board.
The Erie Railroad has contracted with
the Owen Construction Company OF
Binghamton for the operation of its
freight stations at Elmira, Binghamton
and Buffalo and has under consideration
the lease OF It's Youngstown repair shops.
Within the last year the Erie has leased
its shops at Hornell, n. Y, and Marion,
Ohio, TO outside concerns which con-
tracted in turn TO repair the roads roll
ing stock.
When the Owen company assumed
operation OF the Eries Buffalo freight
station ample numbers of men were en-
ployed to handle freight at 33 cents an
hour and check records at 81 cents an
hour. in contrast to 4SA cents an hour
and 50i4 cents an hour which railroads
must pay respectively to truckers and
checkers under the boards last wage de-
cis:on.
At Binghamton the contractors are
obtaining labor at 33 cents an hour and
for which carriers are obliged to pay 40
cents.
Similar to it's lease OF It's East Buff
falo and Toledo shops the New York
Central Railrosd il considering allowing
the management of Its West Albany
passenger car repair shops 20 pass to
outside interests.
Railroad executives are divided IN
their opinions with respect 20 those
moves In considering them for their own
roads. Those opposed hold that outside
concerns lack the self-lnterest in work
necessary to insure adequate mante-
nance OF motive power, tracks and rolling
stock Of the contracting carrier Others
hold the view that good results can be
obtained through close supervision of
the work by the railroad management.
The New York herald., 1921-11-29
Army Orders
spersol Despatch TO THE NEW YORK HnALp
New York HernId Bureau.
Washington. y. g., Nov "a.

These army orders have been made public !:
CIiARTERMASTER'S COEPS--NaJory Rob-
ert Mcc. Littlejohn and Carl a. Hardiss. ",
New York city respectively. effective at end
course subsistence school. Chicago. about De-
cennher Is; then LDport TO commandment OF
orders September Is amended In accord
snce with above order. Capt. G. W. Van
Cortlandt, onw temporary duty Fort
Bliss, relieved as assistant TO ohief. second
district construction service. and as con-
structins quarternaster Kelly Ffeid; as
signed 20 duty AZ constructing uuartermsster
at Fort Biss. First Lieut.. X. M. Elder. re-
iieved general intermediate depot New York
nandins officer for duty Ss quarterInsst
report by letter TO commanding general
Fourth Corps area Fort McPherson. for
r,LANEosrs--Major J. X. Grain.
ordnance department. relieved arsenal
watertcwn: at END leave. 30 Washington.
cant. o. q. Brush. air servicc trsnsferred
November 20 20 field artillery, is relieved ~
Carlstrom Fled; assigned 10 Eiehty-third
r. A.; TO Camp Rennne and report to COM
mnndins officer that reeimcnt. Capt. A. l..
Warren, Sixteenth Field Artillery, relieved
that regiment and from duty ~ Camp Lewis.
10 Havana, and report 20 major-cien. Enocn
IT, Crowder for special duty. Cant. q. 7.
Downine. relieved win Eirhteenth Field Ar
fiilerv and from duties at Camp Pike de-
tailed az nssisfsnt professor OF milltar ~
scicnce, University OF Oklahoma, Capt. W.
G. Russeii Medical Corps. relieved Camr
Dix. 60 Brooklyn and report 10 supernten-
dent Ifauaport service as transport surgeon
on the Wheaton 70 saIl from New York De
service. transferred November 90 to field
ARTILLERY: report "a commencing officer Fort
aern Fouston for assignment 70 Eighth train
rieut. :. j. vail are .rar.serrsI r". ED ,ron,
S'xth rrvriry 20 .--.rN~- ss---, -~-sdrcn
30. ., Camp Knox.
The New York herald., 1921-11-29
SEGREGATE FILIPINO LEPERs.
Victims From All Islands SurreHs
der I'm Culion Colony.

MANILA, r. l.. Nov. 2s.-Ths leper
colony on the Island of Cuiion IL being
rapidly increased by the voluntary sur
render OF numbers OF lepers throughout
the Philippine Islands. according to a
report by the Director of Health. The
report says during the first six months
OF 1921 moro lepers wero admitted to
the Culion settlement than during this
entire year of 1920, the admissions
during the six months numbering s3s
At present the colony numbers approxf-
mately 5000.
A statement by the Director of Health
says:
ut is gratifying to record that lepers
are beginning TO realize the necessity Of
segregation and the benefits to be de-
rived from the modern treatment of the
disease. Many are presenting them
selves voluntarily to the municipal
authorities. to the health officials and
even to clinics at the early manifesto
tions OF the cutaneous lesions.''
The New York herald., 1921-11-29
UNIQUE NEWSPAPER EXHIBIT

HovoLuLu, T. H.. Nov. 2s,--An inter
esting incident of the Press Congress 81
the World which has just closed its ses,
sions here was an exhibit Of Spanish
American newspapers comprising all ths
leadins. journals OF Central and soutj.
America. Mexico and the Antilles. witt
an explanatory lecture by DR.. Virgil.
Rodriguez Reteta ef Guatemala City
one of the vicc-presidents OF tho cor.
gress.
Nearly 1000 specimens were ahowr
The collection is TIE property sS D..
Potter Goldsmith Of coiunabia Univsrsit,
and u the result Of Ave years laSer
The New York herald., 1921-11-29
BUSINESS NOTES
AND TRADE NEWS
81
,Definite Improvement in Con-
ditions Reported by Credit
Mems Association.

general Improvement in trade con-
ditlons throughout the country is noted
in s letter issued yesterday by the Ma
GIonal Association OF Credit Men. The
stter points out tina. there was definite
Improvement IN business and expresses
the belief that IL should increase from
month to month and be very perceptible
in the early spring. During November.
Il is pointed out, buying OF fabricated
textiles and articles Of wearing apparel
declined. but in construction industriee
and other commodities Of basic value an
acoeleration Is noted. The general de-
pletion of existing stocks and new de-
lnsnds sre given as fundamental rea-
sons for the expected revival.
The New York herald., 1921-11-29
Ribbon Maker. Report Progress.

Dealers in ribbon report receipt of
more orders for early delivery and their
sales as better than they have been at
any other time in the last three weeks.
The fact that members OF the dress in
dustry apparently have decided TO with
hold going on strike has given a de-
cidedly better tone To the ribbon mar
ket ard has caused an increase OF buy
ns. The tendency of buyers appears
directed toward the picot, fancy and
metal edge IN the hydro, whirlpool,
ssiety and meadow lark colcrs for dress
trlnnmings The two toned oinbray vel
vet No. 3 width also appears TO be
gaining III popularity
The New York herald., 1921-11-29
Cloak Trade Improved.

The opinions Of several bankers IN
close touch with tho cloak aud suit In
dustry Indicate an upward trend. with
payments improved. The colder weather
Is believed TO have an enlivening tnflu-
ence on purchasers With regard to a.
decrease In present prices the consen-
aus is that wages Will have to
be reduced before any change can
be introduced. In the piece goods mar
let. however, large manufacturer
quotes prices In his line as about 10
per cent. higher than their high level OF
1914, but, In view pf the better quality
Of goods, considers present prices as
practically back to normal.
The New York herald., 1921-11-29
BEAD Industry Normal.

Although railliners and the dress
trade in general are buying conserva-
lively. bead dealers report business in
their line as normal. An increase is
expected in the middle part of next
month. when the spring buying gete un-
der way. At the present time bugle
beads OF Bohemian make. ranging
about one inch and two inches in length,
and Jet hollow beads are tho features
Tor dress trimmings. Many Paris
models ere reported as decorated with
those ornaments. Spangies and rides
cent effects in quill or feather shapes
ere expected to be the feature in the
millinery trade. Prices OF beads are
said TO be about 80 per cent. below last
years cost, due to an ove.supply in this
country.
The New York herald., 1921-11-29
DECLARES INITIAL DIVIDEND.
Phillips Petroleum Company to so
Cents for Quarter.

The Phillips Petroleum Company de-
clared yesterday its initial quarterly
dividend OF so cents a share. payable
on December 81 to its stockholders Of
record on December IL. A statement by
Frank Phillips, president of the COM
pany. said that during the first ten
months OF this year it earned a net in
come OF s3.s44,000 after providing for
all charges and Federal taxes.
Earnings for the first ten nonths." "
he added. "are based largely on 81 a
barrel oil. whereas we are now receiving
from s2 10 $3.50 a barrel. The company
is in a strong cash position and has no
current obligations. We, nave now over
500 wells in operation and the company
IS adding to these by its new drilling
campaign"
The New York herald., 1921-11-29
Feature Linen for spring.

"A large business in linen dress goods
Is expected to feature spring trade, ac-
oording TO leaders In that line. I'M
porters and jobbers are reported az in
receipt OF big orders for early delivery.
interest centrlng in plain and coiored
dress linens. Retailers. however. have
not placed their orders for spring de-
livery and Indications are that they will
wait until the early part OF March. A
sorisk demand for Christmas linens Is
expected and the call, It 10 predicted,
wiN So especially heavy for Yuletide
packing, holly and nistletoe boxes OF
household and handkerchief sets. Low
prsces are the dominating features for
such offerings.
The New York herald., 1921-11-29
Novelty for Ntotnris.-.

A new development Of the ordinary
ieited scarf is shawl Of brushed wool
n various combinations of colors, to be
worn when motoring or sleishinz. The
shawl affords complete protection In the
front. In the back II extends only to
fhe waist, eliminating uncomfortable
Duikiness. IT is heavier, larger than the
scarf and deeply fringed over the
rhoulders and around the bottom. the
fringe extending to the skirt hem in
tront. Two large pockets add to its
utility. According to dealers. the. shawl
promises 10 be one of the most popular
innovations in winter sport apparel of
feoent years.
The New York herald., 1921-11-29
Grsy Goods Quiet.

Trading in yesterdays local gray
goods market was reported as quiet and
without changes Of Importance in print
cloths. Sheetings and heavy goods were
quoted as somewhat easier in prices
compared with those of last week Four
ward sheetings were asked at 9la cents,
which was about u cent less than last
Saturdays quotations. Otherwise bid
and asked prices were unchanged. In
Che burlep market the rupee exchange.
which had fallen somewhat in the latter
uart OF the week, recovered few points.
otherwise both markets were without
festure.
The New York herald., 1921-11-29
Handmade shoes i'm Favor.

Paying $3.50 and a luxury tax OF
s2.4o IN addition for pair OF handrnade
shoes is not so much out Of the ordinary
IS one might suppose. A local shoe
manufacturer, who deals exclusively in
that kind of shoes, reports business In
nis line as being on a par with that OF
last yoar and with tendency to exceed
that OF a year ago. He charges the high
cost OF handmade shoes TO the scarcity
cf expert shoemakers ana additional ex-
Dense incurred in usins imported leather.
3ut the initial cost, according to the
manufacturer, is far counterbsianced by
extra wear afforded.
The New York herald., 1921-11-29
Feather Sales auiet.

Fhe expected rush on the part Of the
public for ostrich feather piumes for
nat trimmings is said to be below ex-
spectations. due. it Is believed. 10 con-
servative buying characteristics OF the
public ct the moment, with the result
That many would be purchasers are res
Cuing their old plumages stores away
since the boom of 1914 and are having
them made up for new wear. What eff
feet that unexpected conservatism will
have on the price of new plunles dealers
are unable to say.
The New York herald., 1921-11-29
FLOUR AND MEAL.

Spring patents. t7TT.5O; spring clears
ss5cn5 so; soft winter straights, as 5oa s 90,
hard winter stralghts S6.50dT
4 Buckwheat Flour-Market quiet. s3g53 20 n
100 lbs. Rye flour steady; feir 70 good
S5.tOGt5.60; choice 10 fancy, g. 0Ofa5.s
Cornrnesl steady; fine white and yellow
grnnulated, si.s5ni.75, Feed-City firm
hren. 100 ID. sacks. si8: heavy. middling
x2t red DOG flour, 40 ID. sacks $40
western firm; bran. 100 H. sacks $1,000
standard rniddiing. s2T So flour middling,
s3i red dog flour. 40 ID. sacks. s3975. oil
treri. $3.50 a ton
The New York herald., 1921-11-29
EARNS $50,694, 1875 IN YEAR.
New York Edison Reports for Pc.
riod Ended September 80.

The New York Edison Company issued
yesterday report in connection with
Its sale OF S30,000,000 bonds. which
showed gross earnings OF $50.694.S25 In
twelve months ended on September 30.
After providing for operating expenses
maintenance and interest. including in
terest on It's new issue, net income of
s3.644.720. or 12.6 per cent. on the
$s6,7&l,000 Of it's stock, ell OF which Is
owned BY the Consolidated Gas COM
pany.
y statement BY the company said that
its gross earnings exceeded by more
than Sio,o0o.0 900 those Of any other elec-
trio light and power company. Its full
interest charges, after giving effect to
the new financing, are $S,644,72o.
The New York herald., 1921-11-29

ana U. 9. and Australasia Steam
ship Cop. Duella. a............... o,luo.bl
wYCKOFF, Paul-Hsnry Kast.. Tno s50.7o
wssTnsN Assff:Rs s'stf aasT as r1s co-f sao sss
wATTENHERd. Albert - A. q. 10. g,
wssHsURN. Ssasis1H winsio1 Nc-boon - -
wn%rN's SNSs rs WEAR iExx,HaiiBiiTioN
CORP. A. Cantor Printing Co.. ..
Inc. .........'......'''.- Aev.@o
BRONX.
GoLDsTEIN. Eddie--Formsn CAST
shains g ct al. ................... e.Da4.ss
LowENKOPF. Isaac--D. II. Phillips 414.12
OIL YIELDS DEv. COL. J. ,.
sSiTTi. i'i Freder.ck-J 'o;'Biri.n...... 80 Z
WIENER, Louis--M. Jarvis. .....-. .sb7z
SATISFIED JUDGMENTS.
The first name is that OF the debtor. the
second Ia that OF the creditor ana oate Wcen
Judgment Was filed:
MANHATTAN.
NEW ENGLAND STEAMSHIP CO. 80
IF. Popluder ct al Nov. =, 1921. sss1.4S
ROGERS. Nelson Wv. AioLaush- oa, 60
RAoK. Henry c.1Kapisn q Koidan. -. =.
Ino,: Oct: 3. 1921. .:.....:;.:: sos.as
co.--Peopie. DC: March 10. 1o2t.. 5000
NfCoTERA, --Jaburs-MiIier
sERsAT n Hsa N:y Is 6ors ,ssl vssentss ssnSss aioo
man: June 20, 1921. ai............... 2o2S4. .o5
OILS: June IL, iais. ............. 1.IIs.so
Dec. &c. ii. 1917 ~ -. - @ aes.o4
Oct. %. 1917. 2.sas 10
1921 ~" . ~ ASSOC
Feb. Il. 'p. isai.. n. @ $1,000
1s; A. Ferrera 'i ct al; & Oct. & Il. ia2i.. s4sSs5
PREMIER GARMENT CO.. INC
S. Fabricant ct al: Nov. Z. 1921. s?s.3&
BRONX.
BELLOTrI. Michael. ana Angelina
Nov. i. 1919: ....; -. s4oS.bs
Vitaie-ssme; Jan Jan. 20. i9ai. i....... 45s.sc
The New York herald., 1921-11-29
ASK EXTRA HOLIDAYS.

petition is being circulated on the
New York Cotton Exchange asking for
extra holidays on the Saturdays pre-
ccding Christmas and New Years.
The New York herald., 1921-11-29
CUSTOM HOUSE RECEIPTS.

Receipts for duties at the Custom
House yesterday were $5sa. a.1O5.73. OF
which Sf36, ,A05s1 was for merchandise
withdrawn from bonded warehouses
and $4e3, 3,699.el tor recent inportations.
The New York herald., 1921-11-29
Fire Record

A. NJ Loss
:o5--sa West l2ath et.: unknown. .Trlfllns
x:1E-Sg West lStst at; unknown. .Triflin1
6 05-i7th st. and 9th sv. autor,o-
bile truck; unknown. .Trif1tng
H:05--230 East 18th st.; John shea. .Trifllns
.:3o--it7 East bDth ST.; siegei. Unknown
9 .25--i5s East Deth ST.; Joseph
s55--5iS East soth 81, Margaret
Foley ..s..... ..... .Unkncwr
u :oo--3 Rutgers ST.; DR.. Lcndon... Unknown
p. M.
~ :oo-3sf Pearl ST.; d. Dsisssio. Unknown
f2 30--ln front OF Sullivan at:
truck unknown. Unknown
2:So-t258 list av. Rose Furhnlan.. Triflins
3;3o--26l Burnside av., The Bronx.
Mary McCloskey ........ Unknown
4.i0---!29 West 2Sd 5S.; John Barrett.
Unknown
5000 nutgsru place; Isidore Mandei.
Unknown
s.0o-i7c5 Fulton av.. Ths Bronx:
p. s.. No. s.................Un Unknown
s:20--1a55 I'd av.; J. Burns. Unknown
6:2Q-1S2 East 4th ST.. Mnv Feiner. Unknown
G 80 AZ West 1864 e., Esin1ore Nm
lroiasry Co. 7'.'s,t.,'t'.' .unxnev''
The New York herald., 1921-11-29
ssss. 900 Car Trus,s SOLD.

/ Cassatt & Co. has purchased from
the United States Railroad Administra-
tiou s3aS.6o0 OF the Richmond. Fred
ctcksburg and Potomac Railroad Com
rx3y's equipment sn, maturing in 1872
"A, teg Inclusive
The New York herald., 1921-11-29
LIVE STOCK Avn MEAT PRICE.

Common to prime steers. 100 lbs. 5000 sc5
Common 80 choice butts. 100 I5e. ~ $50 5.2a
Common 10 choice cows, 100 lbs. 81 .25D 40
Com TO oriris sheep (swes, io0ios so 50fi 400
Common 10 prime lambs, 100 los. 81 .50opf -
Live tcss, 100 lbs..... ..............s .s7.5od s.25
Dressed beef. steer sidee. Ib..... ed1sc
City drsased veais, Id .............. f4f23c
Dressed mutton. H.. ................ Srd10c
Dressed wsthers. Id fnriac
Dressed lambs, cisy, lv...s........ Is@23s
The New York herald., 1921-11-29

| July /. 1888, at q price 10 yield 5.15 per
cent. and $4,000 Chadron. Neb, general
! 1929. TO September !, 1e4l, inclusive, TO
! yield per cent.
| Dorn,n,ck & Dorninick have prepared n
| compilation relative TO tax exempt bonds. IT
| shows that income yields on taxable bonos
| in arnouylts of $4,000 to more than S20O,oOC
| must be much greater than those OF tax
| exempt bonds to result In final net return
to the investor corlnlensurate with tnas Q,
the exempt security They have prepared
also list OF tax exempt bonds.
| Charles u. Barney & Co. has prepared a
| circular entitled 'Investrent Offerings" in
which they point out that prices of bonds
are stiil comparatively low. Interest rates
| are showing q downward tenoency, ana sc.
curities.. yielding hish return combined
| improve steadily in price. IL contains q
| list OF issues Including Government munich
pal railroad. public utility ard industrial
! bonds and preferred stocks yielding around
10 about 7is per cent
, Joseph Walker d. Sons, members of the
New York Stock Exchange, 81 Broadway.
! have Issued for distribution their December
| circular on guaranteed stocks.
| The Guaranty Trust Company OF New York
| has beer appointed transfer agent OF the
stock OF the Oiean. Bradford and salamanca
shares OF preferred stock and 2e.ss0 shares
| OF common stock. par value 800 each. The
! New York Trust Company VIII act as their
| registrar.
| NJ. NJ. Freeman & Co.. Philadeph.a, ere
| offering $4,000 OF Belhaven, N G., per
| cent. water and sewer bonds, maturing in
| 1928 70 1850 inclusive. at prices to not 5.75
| per cent. They are free from Federal in
| come taxes.
". c. Langley & Co., members OF the New
| York Stock Exchange. have for distribution
| the seventh edition OF their income tax
| charts.
/ David Franklin Houston. president OF the
| Eell Telephone Securities Company of New
! York and formerly Secretary OF Agriculture
ANA Seer etary OF the Treasury. has been
! elected q director OF The Prudential lnsur-
ance Company Of America.
/ E.aue, stis5ie * Co. are offering Sio0,001
I o. ailooS county. Ca, direct obligation q
/ per cent. ooads. $4,000 Ct which mature in
/ i3S. TO 1883. Inclusive, and are offered on
$50 per cent basis, and $4,000 OF which
| mature iu 1870 10 1884, inclusive. and aro
| offered on $40 per cent. basis. They are
exempt from Federal income taxes.
The New York herald., 1921-11-29

p. J. Lynch Formerly with Rollins & Co..
George Gardner FRY. Jr.. formerly with
Jelke- Hood & Co. ard Armand NJ. Eng
lander. formerly with Lisman & Co., are in
the bond depa rtn1ent Of Edward w. ClLcas,
member of the New York Stock Exchange.
The New York herald., 1921-11-29
FINANCIAL NOTES.

Robert W. Sayier. formerly % the First
National Corporation. il with the bond de-
partnent OF Barstow Co.. members OF the
New York Stock Exchange, Is Exchange
place.
The New York herald., 1921-11-29

Mcdonnell & Co. members OF New Tori
Siock Exchange, have prepared specia
circular ON American Tobacco Scrip.
The New York herald., 1921-11-29

The New York Trust Company has been
appointed registrar OF the Olsan. Bradford
and Salamanca Railway Company common
ana preferred stocks.
The New York herald., 1921-11-29

G. W McNear 6s Co. are Offering $4,000
o. Scouts Dlufs county (Neb.) court house
and Jail rs. maturing OH July 1, 1884, and
July L. Ia35, ut q price 70 yield bis per
cent. and $4,000 chadron. Neb., general
obligation DIS. due serisliy on September l.
1929. 10 September !, iS4i, inclusive, to
yield per cent.