davidaulloa/AmericanStories huggingface dataset:
Every evening, Wilmington daily commercial., 1921-08-29
MARINE MESSAGE.
Tells OF . Possible Disaster Mt Sea
Last March.

message in bottle telling of a
disaster at sea. was the recent find
by Ernest j. otteni. of this city, who
" summering at Strathmere, \. j,
Mr.. Otteni. while walking along the
beach at Strathmere, found a sealed
bottle containing the following mes
sage:
Mar. 8. 1921. Ship sinking. Lord
have mercy on our souls" On e
reverse sides appeared the names of:
Robert W. Elmer. Horace h. Loder
Frederick s. Barker. $. s. Nantucket"
MIR. Otteni turned his find over TO
the coast authorities.
Every evening, Wilmington daily commercial., 1921-08-29
Tum uIty wssh.ea4 Visitor.

Joseph r. Tumulty. who wks former
President Wilson's private secretary.
Mrs. Tumulty. Miss Alice TumuIty
Miss Alice Hoover and John X. Nc
Lean, newspaper publisher. were
week end guests Mt the Hotel du Pont.
They were enroute from New York
10 Washington.
Every evening, Wilmington daily commercial., 1921-08-29

cooperative buying of fertilizer for
this fall. reported that letter will be
sent out today to county farmers Civ
ing details an to what the fertilizer
can be purchased for. etc.
+. G. Pleasanton gave an optimistic
report on the proposed project OF :.
grain elevator to be located at Middle
town.
Every evening, Wilmington daily commercial., 1921-08-29

We are local distributors and carry
at all times a full and complete line
Of Pictorial Review patterns-Ken-
uard- Pyle Co., 6I7-62l Market St-A6y.
Every evening, Wilmington daily commercial., 1921-08-29

hsifsrs will go to the state Fair. Ths
Hoys' dairy cattle judging teams Are
In shape for the fair and the winning
team will got free trip to Spring
Hold. Mass, to the International Cat
tio Judging Contest Of the Eastern
States.
J. u. Reynolds OF Middletown
chairman of the State Committee on
Every evening, Wilmington daily commercial., 1921-08-29
buI1lstead'S SWorulSyruD

~to ehndren an anxea of merry,s Whore
Gr~sk4nns arc followed. IT NEVER FAILS.
DWpite scarcity and enormous cost Of
AANTOSIN. II contains I'm dose Stood
Sexxy yeAryr test. So1a everywhere or By
0on. Soc . bottle.
e. @ A. Voorhees, II D. Phladeiph1s
Fur sale hy N B. Danrorth. Dl uggist
Every evening, Wilmington daily commercial., 1921-08-29
Diningroom Suites
at Half Price

A very massive mahogany suite with
72-inch buffet, large china closet with
two cupboards in bottom, enclosed serv-
ing table, 54-inch dining table. side
chairs and arm chair, with hair cloth
seats, in the Windsor design. Sold for
81, 10000. August. price, $4,000.
Ten-piece American walnut suite. Viii
liam. and Mary design, 6o-inch buffet,
48-lnch dining table, large china case
and serving table. with genuine leather
seat chairs. Regular price S55o.oo.
Now S275.OO.
Four-pieee suite, Queen Anne style.
oo-inch buffet has wood back. enclosed
serving table and large china closet.
Regular price S5oo.oo. August sale
price, $250.OO.
Fourspece suite, Louis xV design,
buffet is 90 inches long. has four front
legs, finely figured walnut. Regular
price $500. August price $3.50. 90.
The New York herald., 1921-03-30
DENVER ROAD WILL BE
RUN AS AN INDEPENDENT

DENVER, March 29.--Following the
confirmation in Federal Court here of
the sale of the Denver and Rio Grande
Railroad to representatives of the West
ern Pacific. plans were formulated to-
day for operating the road under the
new ownership, with headquarters In
Denver.
The plans provide for the formation
of new company, the Denver and Rio
Grande Western Railroad. The road
viii be operated as an Independent line.
with it's own staff of officials. but under
the general direction OF the executive
officials of the Western Pacific.
Plans. the announcement said. have
been completed for the expenditure OF
100000 on betterments. equipment
and facilities for rendering up TO date
service. Little change, II any. II was
said. viii be made In officials. A. r.
Baldwin Is to continue as receiver for
another year, or possibly two.
The Denver and RIO Grande was sold
for SIS. 600. 900 last November to John T.
Bowie. John B. Marsh and Ralph Nj.
Arkush, Western Pacific representatives.
A formal decree confirming the sale was
entered to-day by United States District
Judge Lewis.
The New York herald., 1921-03-30
HASKELL & BARKER
EARNINGS $3,27S,3I9

The net earnings of the Haskell &
Barker Car Company. Inc, for It's fiscal
year ended on January 81 were $3.27S.~
S19.41. according to Its report issued
yesterday After deducting 100000 ap-
propriated for depreciation and s700.000
for estimated Federal taxes the COM
pany had a balance for its stockholders
Of S2,27S,31s.41. Out of the company's
net earnings for its last fiscal year four
quarterly dividends OF 81 share. total
ling $3.50, 900. were paid. which left ST.
398,319.41 to be added to surplus. Dur
ing that period It's gross earnings were
s3.7S9.390.29 and it's expenses for re-
pairs, renewals and general mainte-
nance S511.070.sS. The report shows
reserve for renewals and replacements
Of s1.1s1. .ss1.51.
On January 81, 1920. the COMPANY g~a
ported II had surplus OF s3.079,6S7.1i
before deducting s1.0e9.654.45 for Fed
eral taxes. Surplus profits for the last
fiscal year were $2.09S.31941. without
allowance for Federal taxes.
THE buying movement which started
early in the year and which presaged
a brisk year in the railroad equipment
business" says i. +. Carry. president
of the company. in his report. was ef-
fectively stopped by the refusal of the
Government to make partial payments
to the railroads on guaranty and other
obligations. Recent remedial legislation
should bring relief in this respect"
The New York herald., 1921-03-30
GRAIN

CHICAGO, March 3e.-Conndence that
little. II any. damage had been done by
the cold wave led to-day to down turns
In the price of wheat after an early ed-
vance. The close was unsettled at &c.
decline TO 1c. gain. with May at s1.43
to s143h and July at st.2e to s126h.
Corn lost isc. to &c. and oats shade
to H9ssc. In provisions the outcome
varied from 25c. decline 20 q rise Of
2ho.
Wheat showed a decided upward slant
az the opening. with shorts rushings TO
cover because OF crop damage reports
that accompanied widespread low tenn
peratures. A leading expert, however.
declared that the roots OF the wheat
pant as q rule, apparently had escaped
the cold. Other observers contended
that the cold was more beneficial than
harmful. as II probably had given hn-
ishing blow 70 the green bug pest. Dif-
ficuity OF financing new export business
was bearish factor, and. aside from
March delivery, the ruling prices at the
last were a little lower than was the
case twenty-four hours earlier.
Corn and oats merely reflected the
changes in wheat. and provisions were
weakened by n break M the value or
hogs. II was said that packers bought
on the decline.
The New York herald., 1921-03-30
CITIES SERVICE STOCK
INCREASE PROPOSED
Stockholders Vote on Plan on
April rs.

The directors of the Cities Service
Company have decided to recommend
to its stockholders for their approval
in their annual meeting on April % an
increase In its authorized amount OF
common stock from s50.00o.00o to $780,
100000. The purpose Of the proposed IN
crease is to provide additional cosamon
stock for regular stock dividends. con-
version of outstanding debentures ana
other corporate requirements.
There is outstanding at present
s29, 192, 5e2 principal amount OF deben-
lures, which are convertible part into
Cities Service common and part into
Cities Service preferred. The company
Ia paying stock dividends at the rate
of 10 per cent. year on It's common
stock. OF the present authorized COM
mon stock. there is outstanding
S47, 9S5. 1893.
The stockholders in their meeting will
be asked to approve a contract made
by the company with Henry l.. Doherty
& Co. as fiscal and operating agents
of the company. the present contract
expiring on May /.
The New York herald., 1921-03-30
FIVELARGE COPPER
COMPANIES CLOSE
Low Prices and Large Reserve
Stocks Given as Reason
for Suspension.

The managements OF the Anacond a
Copper Mining, the Utah Copper. the
Ray Consolidated Copper. the Chino
Copper and the Nevada Consolidated
Copper companies announced yesterday
complete suspension of operations on
their properties. The poor market for
copper metal and the large reserve
stocks were ascribed az reasons for the
shutdowns.
In a letter to the stockholders John
%. Ryan, chairman OF the Anaconda
company, said the buying in the late
months of 1919 indicated that business
during 1920 would continue at a salts
factory rate. This proved true for the
first eight months OF the year. after
which stocks began to increase, not
withstanding a drastic curtailment In
production.
The average production OF copper
from the reduction works OF your COM
pany during the years 1916, 1917 and
1915" he declared, "equailed 292.75z,-
s06 pounds. The average for 1919 and
1920 equalled I48,120.esS pounds. This
decrease. with the enormous Increase In
freight rates and the cost OF fuel and
other supplies. has resulted IN an ex-
cessive cost OF production. while at the
same time the price has decreased to be-
sulting I'm n serious loss on metal sold"
Mr. Ryan added that the directors be-
lieve the only way to conserve the prop
erty and prevent depletion OF its reserves
was to suspend production, asserting In
conclusion that the mines and plants
will be kept IN good condition. 20 that
production can be resumed when condi-
tlons warrant
In announcing the suspension OF the
four porphyry copper companies, Utah.
Chino Nevada and Ray Consolidated.
Charles Hayden declared that IL was
done In the interests of the consumers
employees and stockholders. A oontinua-
ton OF production with present large
surplus stocks on hand. he said, would
work to the ultimate detriment OF all
these classes
The closing down OF these five prop
critics makes ten important companies
which have shut down completely or
have radically curtailed their production
20 the lowest figure In many years. The
others include Greene Cananea, Phelps
North Butte. The STICK OF copper on
hand in this country is estimated at
from 500, 600, 900 to 300. .000. goo pounds
and the Caiurcnt and Hecia Company Is
said to be virtually the only large pro-
ducer which has not closed down or cut
to the lowest possible figure.
SAT- LAKE CITY, Utah. March ap.--
About fifteen hundred men will be af-
fected by the closing OF the Utah Cop
per Company's mine at Bingham and
the mill at Arthur.
BUTTE, Mont. March 2e.--Ciosing the
mines OF the Anaconda Copper Mining
Company Will throw out Of employment
$500 20 5000 miners
The New York herald., 1921-03-30
TEL. & TEL. JUMPS
DIVIDEND TO 9P. c.
Desires to Keep Up Market
Value of Stock to Assure
New Issues.

After fifteen years. during which divi-
at the annual rate OF s per cent, the
American Telephone and Telegraph on
July 10 will increase the rate to per
cent. The announcement made at the
annual meeting yesterday by III. B..
Thayer. president, surprised all in
terests concerned. Immediately there
after the market prices for the shares
scared rapidly upward for a gain of
more than points. The dividend rate
was III per cent, from 1900 to 1906.
when it was changed to s per cent.
'-The change in the dividend rate
Mr.. Thayer said in announcing the new
rolicy, "i5 nothing more than an adjust
ment to a new set of conditions. 1t has
always been the policy of the company
to pay such a dividend as would main
tain the market value of the stock at a
premium sufficient to attract subscrip-
ton to new stock issues. The issue Of
a fair proportion of new capital rather
than the increase of debt to take care
of growth is a necessary part of any
sound financial programme.
Before the war the s per cent divi-
dend maintained the stock at satisfac-
tory premium. The war period, of course,
could furnish no data for a programme
of which pernlanency should be an essen
tlal. Since the war, with earnings and
efficiency equivalent to pre-war stand
ard. its stock Is bought and sold at only
about par.
Par value indicates satisfactory alb
sorption of the present issue, but no
demand for more at the present rate Of
return. Stock must be at premium
to indicate readiness to absorb future
issues
mot only present financial conditions
governing the status of this and other
investment securities have been consid-
cred but also probable conditions in the
future, and the action OF the directors
is based on the conclusion that higher
rate of return is necessary to attract
the proportion of capital which must
come from the shareholders in order
that extension OF the telephone service
to keep pace with the growth Of the
country and the demands Of the public
may go on.
''1'here has been no time within the
last ten years when the company's earn
ings have not been sufficient to pay the
higher rate of dividend"
At the annual meeting all directors
were reelected except George L. Green,
James w. Green and Clarence L. Lam
gridge were named to fill two vacan-
cies. Oficers We're reelected with the
exception of George ID. Milne, treas
urer. who resigned. Fl. Blair Smith. as
sistant vice-president was elected treas
urer.
A plan to offer stock of the company
to employees for subscription was
adopted, providing that 1t be issued and
paid for at not less than par and that
the amount OF stock which any en-
ployee may subscribe for in a single
year shall not exceed fifty shares.
The New York herald., 1921-03-30


This issue of bonds is the direct obliga-
ton of the Temtor Corn and Fruit
Products Co. secured by First and
Closed Mortgage on the Company's
Granite City Plant, recently purchased
for $4,5OO,O0O, and on the plant located
at Penn Van, New York. In addition,
the issue is secured by deposit with the
Trustee of ST 100000 Serial $50 Notes
of the Best-Clymer Mfg. Co., which
notes mature on the same dates as the
bonds and represent the only outstand-
ing indebtedness of that company.
Furthermore, the Best-Clymer Mfg.
Co. can place no mortgage or lien on
its property, or issue any evidences of
Indebtedness maturing later than six
months from date of issue, unless such
evidences of Indebtedness are also
deposited with the trustee as security
for this loan.
The deprecated value of the physical
assets securing this issue is in excess
of $5,717,OO0. The current assets ex-
ceed current liabilities by more than
$2,000,OO0, based on the Company's
The New York herald., 1921-03-30
,rARTIN-PARRy EARNINGS.

The Martin-Parry Corporation reports
for 1920 net income. after charges and
Federal taxes. OF SAT-. .345. or si.i1 a
share earned on Its no par value com
mon stock. Net sales were ss.725.43A
rnd oost OF goods s2.ss4.i7i. Selling
and general expenses aggregated $ii5. :
sos other income. s77.12o: nfsceilsn-
eous charges. s25.sss: Federal taxes.
s65. .e35. and dividends. 100000. leaving
final surplus for the year Of sffi. .s54
and q total profit and loss surplus of
s367,es1.
The New York herald., 1921-03-30
BROOKLYN CITY r. r. GAINS.
February Passenger Revenue In
creases I'm yenr.

The Brooklyn City Railroad Company
issued yesterday n statement of its in
come for February. compared with that
OF February 1890. Income figures COW
ering the PEI from July, 1890. to Feb
ruary. 1921. also were announced The
statement follows:
Passenger revenue February. 1901.
sT77. .2S6: February, 1890. se93. .7s0: July,
1890. to February. 1921. s6,345, 200. other
airy. $780, $40. .462: July. 1920. 20 February,
1921. s242.os5; operating expenses and
taxes--February 1921. sa53459: February.
1890. s773,5s5; July. 1920. to February. 1921.
81. .0S9. ST.; income observation-disclosures ~.
1921. $3.50: February. 1920. s71 $50: July.
1920. 10 February. 1921. s456.4s1: net cor
porate income-February 1921. 1880:
February. 1890 Sl27.013: July, 1890 to
February. 1891, seoe.eos.
The New York herald., 1921-03-30
TO REFTT GEORGE WASHINGTON
Lowest BID ss3s. 900 to Put ship ~
Proper Condition.

Bids for reconditioning the steamship
George Washington, formerly OF tho
North German Lloyd Line and one of
the finest vessels afioat. were opened yes
terday at the Office OF the United States
Mail steamship Company. to which she
was allocated by the shipping Roard.
The lowest bid, from the Tietjen & Lang
yards, managed by the Todd Shryar,lr
Corporation. was ss3s.000. and the high
est y1,12s.000 from the Fore River ship
building Company.
Ii may not be known for several days
to whom the contract viii be awarded.
Tho Washington was used by President
Wilson In his trips across the Atlantic.
The New York herald., 1921-03-30
$5,5OO,00O IN GOLD ARRIVES.
Goes to Reserve Bank, Equitable
Trust and Lazard Freres.

La Lorraine brought in yesterday
$500. 900 In gold. Of which $4,000
went to the Federal Reserve Bank OF
New York and the balance was divided
between the Equitable Trust Company
and Lazard Freres. The former, con-
signed by the Bank Of France. was ir
l03 boxes. This gold had been ear
marked In the Bank of France for the
local reserve bank. but had not hereto
fore counted in the gold stock OF the
Federal Reserve system, appearing In
the local reserve statement as gold
with foreign depositors."
Upon it's arrival here the metal is
added to the gold stock and increases
the reserve ratio The gold was allo-
Gated in advance TO the twelve reserve
banks.
The New York herald., 1921-03-30

MOHAWK MINING GAINS.

The report OF the Mohawk Mining
Company for 1920 shows net profits. be-
fore depreciation, depletion and Federal
taxes. OF s6s2.762. against s570.635 in
s2,3s4.94f. and working expenses. etc-.
sf,046.S40. In contrast to 31.S50,692.
Dividends OF s550.00o were paid and the
final surplus for the year was ssc,7s2.
The New York herald., 1921-03-30
DOUBLES CAPITALIZATION.
Hamilton Manufacturing Also VIII
Declare stock Dividend.

BosTov. March 2e.-The stockholders
OF the Hamilton Manufacturing Com
pany, maker of textiles. voted to-day TO
double its capitalization of s1.s00.000.
TO distribute its new stock share for
share to to-day's holders OF record. and
declare from it's surplus a cash dividend
sufficient TO pay $40 a share. The re-
manning sac n share is payable by the
shareholders in cash, but II was left
optional with the directors when to call
for such payments.
The company's surplus was announced
as s3.O95. 900. of which s1,260,000 was
appropriated by the dividend declara-
ton.
The New York herald., 1921-03-30
SOUTH PENN OIL PRosPERs.

The South Penn oil Company reports
for 1920 net income. after operating ex-
penses, taxes. depreciation and deple-
ton, OF y5.sss.5si. equal to s27.45 a
share earned on its outstanding capital
stock. against s13.3f In 1919. Gross re-
ceipts were s2f.ss9.to1 and expenses,
taxes. depletion and depreciation s19,-
s3g,sfO. Dividends amounted to $4,000
600. leaving a surplus for the year OF
sf,4se,5sf and a total profit and loss
aurplns OF Sl6.251.57S.
The New York herald., 1921-03-30
FISK RUBBER REPORTS.

The Fisk Rubber Company reports
for 1920 surplus. after inventory ad-
justment and Federal taxes. of s2.130,-
1873. or s1.ss n share earned on its COM
mon stock of s25 par value after pre-
ferred dividends. In 1919 its earnings
amounted to 1924 .s57. or $500 a share
on its common stock then outstanding.
It's net profits in 1920 were s5.034.95e
and inventory adjustment, s2.66s.117.
ouirements were s235. roo: it's preferred
dividends. s1.0s6.9S1. and its common
dividends. si,474.75s. leaving a deficit of
S431 soc at the close OF that year.
The New York herald., 1921-03-30
NET INCOME IS CENTS A SHARE,

The annual report OF the New Cor
nelia Copper Company for 1920 shows
net income. after charges and taxes. OF
sgs1.i37. or 55 cents share earned on
100000 OF It's capital stock OF s5 par
value. In 1919 its earnings GO APP
proximately a cent share on It's COM
mon stock. It's total income was ST.
SOAR and It's operating expenses ss.-
22O.422 In 1920. during which its gem
eral expenses totailed S671.549. It's taxes
s5fO.e39. It's depreciation s692,5s3 and
its ore depletion se2t,029.
The New York herald., 1921-03-30
MERCANTILE TRUST COMPANY, ST. LOUIE

Nv ~. SsypsS', SSsoS'''t -
balance sheet as of December 3lst,
1920, certified to by Messrs. Ernst &
Ernst, Public Accountants, and after
giving effect to the proceeds OF this
issue.
The average earnings of the Granite
City, St. Louis and Fort Smith Plants
for the four years ending December
81, 1919, after full allowances for de-
probation and taxes, were figured by
George w. Goethals & Co., Inc, con-
sulting Engineers, as 81 ,251,2l4.
For the year ending December 81.
1920, as shown by the certified state
ment of Messrs. Ernst & Ernst, the
Company showed net income of
ST ,O62, 1921. This amount was after
reserve for 1920 Federal taxes, and
after a write off of approximately
100000 on current inventory to bring
the same down to or below current
market prices, but before depreciation
on fixed assets, and dividends on stock.
The maximum annual interest charge
on the entire issue is $4,000 and the
annual maturitics amount to $150,OOO.
The New York herald., 1921-03-30

s1.8SA O. l. {. New Yora Export sales we're
placed at 100000 bushels.
BARLEY-Feedins, T2a7Sc.: mailing. s21
Soc. e. 1. Z. New York
BUCkWHEAT-Sound milling. e2s5 .
100 lbs.
HAY-No. I, s1.50e31 go: No. 2. 81. 900 so.
No. 8, ~ 2Sd1. IS: shipping. u .io1f.co.
sTRAW-No. rye. $40 TO t2f a ton.
The New York herald., 1921-03-30
sear~-r~~bucx Bayins It's Notes.

Reports, current in the Street ycster-
day, we're that tho Sears Roebuck Cor
poration was buying In the open mar
ket It's notes which mature In October.
and expected 10 realize O profit OF APP
prorin1ately si.500,00o by the operation.
THAT issue was OF one, two and three
year notes. OF which s1s.ooo,ooo ma
lures IN October. The operation In said
to be about half compietsd-
The New York herald., 1921-03-30
EXPORTS FROM NEW YORK.

Exports from New York yesterday
Wheat. 304.654 bu. corn, 1so,S78 bu. ;
barley. 2o.019 bu.; flour. 33.97S sacks
oatmeal. 450 bbls.: oil cake, 3,225.0O0
lbs. beef. 116 bbis. bacons, 1.S24,50O
lbs. hams, 137,50o lbs. lard. 2.95o.s00
lbs. grease. 100000 lbs. cottonseed oil.
i,454.00o gals; lubricating oil, 91.75O
The New York herald., 1921-03-30
CABLES.

Rio 500 to sT5 rel. higher. Dollar rate 70
higher NJ $500 Exchange Md- lower a.
p,,d. Receipts 5000 bags and stock sfe-
600 bags Santos futures 20 lower 60 -
refs higher. Receipts 1900 bags and stock
q TDs 900 bags. Receipts at ports st.H@
bags against 1900 last year and ff.Wp
two wears ago. Sac raufo had 1900
against 1900 and 10 ZOO. and Jundiahy e,o0n
against 5000 and 1900 bags. respectively.
Fine weather IN four districts OF Sac Fano
and cloudy in one Cleared from Rio 10000
bass for New York.
The New York herald., 1921-03-30
CHICAGO PRICES.
NEW YORK PRICES.

wHEAT-No. 2 hard wheat. 81. T5N: No. 1
Manitoba. ef.p3x No. rnissd, 1884. c. I.
r. track New York, 20 arrive.
CORN-No. 2 yellow, size; No. white,
siAc.. No. ? mixed, soNc.. c. I. (. Now York.
ten days shipment
OATs-No. 1 white. 53itc: No. 2 white.
sa1ssitc: No. 3 white. Siif1o2c.: No. 4
white, apikG5oc.. fancy clipped white. 5Thc. /.
ordinary clipped white. Sec. all elevator
RyE-No 2 Western. silssk. Z. o. b.. and
The New York herald., 1921-03-30

USEFUL information f. found In Tho Her
AIDS Telephone Directory OF Home and
Business Needs. See Want Ad. Page to-day.
.-Adr.
The New York herald., 1921-03-30

PArfs. March 2a.-Prices were firm
on the Bourse to-day. Three per cent
rentes, 81 francs 90 centimes Exchange
on London. 56 francs 81 centlmes. Five
per cent. loan so francs SO centimes. The
dollar. IL francs Al centifnes.
The New York herald., 1921-03-30
FOREIGN MARKETS.

LONDON. March 29.--Bar silver. 33 " d.
ounce: bar gold. 104s. I'D; money, 8
per cent Discount rates-Short bills.
per cent: three months bills. ga per
cent. Gold premiums at Lisbon. 14o.
The New York herald., 1921-03-30
COFFEE.

The range of prices in yesterdays
Tfeo futures market foilows: