davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-03-04
so DAYS DELAY ON AGWI
PREFERRED DIVIDEND
Company to Husband Re-
sources IN Financing Period.

Action on the preferred dividend or
the Atlantic. Gulf and West Indies
Steamship lines. which was to have been
taken yesterday at tho adjourned meet
Ing Of the board Of directors. was de-
ferred sixty days pending the com.
plet!on Of the company's negotiations
for now financing.
'"The preferred stock Of Atlantic, Gulf
and West Indies Steamship lines" the
directors declared In formal statement
issued after q meeting which lasted
almost two hours. "Ts entitled TO non-
cumulative dividends Of per cent per
annum. For several years this dividend
has been paid without interruption or
delay. During that period earnings Of
the lines have been largely In excess OF
preferred dividend requirements and
the financial condition OF the lines has
been extremely easy.
THE company Is now engaged IN ne
Eotiations looking to the solution of its
financial problems. The necessary ex-
aminations involved will cover a period
of from thirty to sixty days time It is
imperative that during that period the
company should husband all its cash
resources.
I'm view OF these facts the directors
have decided to defer for n period of
sixty days the consideration of dividends
on the preferred shares It Is hoped
and believed that this is only delay
In the payment Of these dividends The
directors express confidence that from
present Indications current negotiations
referred to will work out successfully"
The New York herald., 1921-03-04
STANDARD OF INDIANA
ADVANCES NET PROFIT

The Standard Oil Company OF Indiana
in 1920 had net profits. after all charges
and taxes, OF $4o.e73.4s4. equivalent to
s1l.s3 share earned on 3.62i,332 shares
Of It's s25 par value common stock out
standing. In 1919 Its profits amounted
to s24.so7.793. or Ss2.6a on 100000
shares OF It's 800 par value stock then
outstanding.
The company's net earnings In 1920
were ss1,377 500. against s34.6o4.417 in
1919. For tax reserves s20.404.31g was
set aside. against s9.79s,e24 In 1919
Dividends In 1920 aggregated S9.116.67S
in contrast to s7.2o0.000 In 1919, leaving
final surplus for 1890 Of $31,556. SOC
against $14.607.793 In 1919.
The balance sheet showed an increase
Of $50, ,962,634 In total assets and liabili-
ties In 1920. Real estate valuation was
$4.00o.0o0 higher and plant was carried
at an increase OF more than $4,000. 600
Personal property showed an advance o,
81, 200, 600; accounts receivable, one oi
nearly s6.oo0,o0o. and securities and in.
ventories. one OF approximately sal, 5,c00,.
900. Merchandise was carried at an In
crease Of s2o.000.000.
The New York herald., 1921-03-04
CONSOLIDATED EXCHANGE.

Final prices on the Consolidat ted Stock
Exchange yesterday were In the main
not far removed from the closing figures
of Wednesday, despite two wide and op-
posite movements At the outset nu-
merous active industriaIs and rails
averaged gains Of TO moro than per
cent. Final hour profit taking sales In
duced recess.ons OF / point 20 more
than 4 points below early high marks.
A decline Of AZ IN Atlantic Gulf to ~
and ono Of 2K In Mexican Petroleum
to 156 were outstanding features Of the
inte trading.
Crucble Steel was offered down / u 70
94I United States Steel. to S1sk Bald
win Locomotive, liz to seA Texas and
Pacific Coal and OIL. I to 24tS /; Studc-
baker. IN to 59la: Chandler. 3M to 65 ;
General Asphalt. III 10 s5H Indus
trial Alcohol, to 67&. United States
Food IA to 81 Bosch Magnetic. 1M
to SIN, and American International, 1
TO 45k.
American Sugar rose at tho maxi
mum to 93%: Springfield, l to
39K /: United Fruit. IN to 10s% United
States Steel. to s2h vanadium. 1 " TO
34M Utah Copper. az to 6oA Kansas
City Southern, to 24M St Louis and
Southwestern. IN to s0h Reading. TO
73Z Texas and Pacific, ~ TO 24M I:
Rock Island. 10 2sM; Baltimore and
Ohio. TO 81, and st. Paul, TO 2ih.
The New York herald., 1921-03-04
Will Fight Proposed Cut Of Is
Per Cent. for Marine Re-
pair Workers.
STANDS FLAT ON POLICY
Head of International Union
Says Men Are Following
Declared Principles.
Special Despatch TO THE New YonK HznALD.
New York Herald Bureau,
Washington. ID. c., March 3.

Special Despatch TO THE NEW York HzRALD.
New York Herald Bureau,
Washington, ID. c., March 3.
The International Association Of Ma
chinists and the American Federation OF
Labor stand solidly behind the proposed
strike OF New York machinists. In a
public statement here to-day William M.
Johnston. president of the international
Association of Machinists. said:
"The action of the executive board OF
the International Association Of Machin-
lists In sanctioning the proposed strike
of machinists In marine repair plants IN
the New York district against 10 per
cent. reduction In wages Is in line will,
the declaration OF the representatives of
all national and international unions In
conference last week.
Labor, in that declaration, declared
It's intention to resist the attacks Of en-
ployers, whether in wage reductions. dis
crimination against union men or unjust
and unconstitutional action OF the courts.
''The action of the machinists in the
New York strike is strictly In accord
with that declaration of purpose and is
an effort to maintain the American
standard OF living. We are satisfied to
have employers generally interpret this
action as an indication of labors soli-
darity in supporting the principles and
policies declared In the great conference
OF labor last week."
The New York herald., 1921-03-04
VAUGHAN OPTIMISTIC
ON TRADE CONDITIONS
BaldUin's Head Predicts Gen
ero[ Improvement.

Special Despatch to THE New York Herald.
PHILADELPHIA, March S.--Stodl<hold-
ers Of the Baldwin Locomotive Works
In their annual meeting to-day approved
the company's annual report and re-
elected its directors, who will meet dur
Ing the last week Of this month and re-
elect It's officers. The company is work.
ing on a three day week schedule and
Samuel M. vauclain. It's president, fol-
lowing the meeting. said that a stiffer
working schedule was anticipated dur
ing this month.
I'VE have received" he said, ian order
for thirty locomotives from China and
number Of small orders from various
parts Of the United States. We are
hopeful that the railroads, now thd. the
Winslow bill has become a law, will
shortly be in the market for additional
busiress."
The company Is still taking and al
ways will take business on the deferred
.,ayment plan he said.
Touching on business conditions In the
United Stater, Mr. Vauclain said that he
was optimistic. The workingmen of
this country" he continued. even those
out of employment are far better off
than those OF foreign countries Easi-
ness conditions here are bound TO inn
prove"
The New York herald., 1921-03-04
MARINE ENGINEERS
AUTHORIZE A STRIKE
viii Become Effectiue When
Wage Cuts Are Made.

With its members employed on tow
boats already affected by % Per cent.
wage reduction, and with similar re-
duct!on in sight May for other mem
hers when the agreements under which
they are working expire. the executive
council of the Marine Engineers Bene-
fcial Association. Atlantic and Gulf
coast district, voted yesterday TO sup
port strike as soon rs the wage re-
ductions are enforced generally.
The action followed a two day session
in the Hotel Marlborough. Plans to
combat properly the steam vessel inter-
ests" were drawn up and the delegates
left for their respective locals to await
notification from the executive council
before putting the plans Into effect.
Each local was directed to levy assess
ments for the support OF the men who
are to strike when they find their wages
cut.
Union nlachinists In thlrty-scven small
marine repair plants in New York and
Brooklyn have been given authority to
strike on March s against acceptance Of
O Is per cent. reduction In wages, Will
lam Johnston. president Of the Interna-
tional Association of Machinists. an
nounced yesterday in Washington. He
said approximately 1000 machinists. to-
gether with several thousand other
union workers. would be involved in the
walkout.
The New York herald., 1921-03-04
SELLS BIG SEAT, BUYS ON CURB.
James A. Corcoran to Represent
Firm TN Trinity Place Mart.

transaction unusual in the financial
district occurred yesterday when James
A. Corcoran of the brokerage firm Of
Smith g. Gallatin sold his seat on the
New York Stock Exchange and bought
membership in the New York Curb
Association. For the Stock Exchange
seat he got $4,000 and the Curb MEM
bership cost him $4,000. Mr.. Corcoran
will continue as a member of his pres
ent firm and will represent IL on the
new Curb when the outdoor market is
taken indoors around May ] with the
completion Of the new home on Trinity
place. The purchase of the Curb Asso-
citation membership carries a stock in
terest in the New York Curb Market
Realty Associates.
The Stock Exchange seat OF w. T..
Bass was posted for transfer to c. X.
Garrison for 100000. Mr.. Corcoran
disposed OF his membership to 7. r.
Fowler and his Curb membership was
bought from L. NJ. Richmond. Another
membership In the Curb Association was
sold by w. Il. Moore TO Clarence A.
Eettman for $500. The only Curb AS
sociation membership remaining In the
market Is held at S13.S00.
The New York herald., 1921-03-04
EIGHT ARRESTS THWART
CLEVELAND BOMB PLOT
Loyal American League Oh
jcct Of Anarchist Scheme.

CLEVELAND. March 3.-Plots which In
volved the planned assassination OF
Cleveland citizens connected with the
Loyal American League, the destruction
by dynamite Of downtown buildings and
an intensive campaign of anarchisdc
propa ganda throughout the city. arc be-
lieved now to have been nipped by the
arrest here last Tuesday night of eight
men. said to be members Of an anarchis-
tic group
The arrests were made by agents Of
the Department Of Justice working in
cooperation with officers OF the Loyal
American League. The eight men are
now in the county .Sail. facing charges
ment officials beliSv will lead to their
deportation. Bliss Morton. head of the
local Department OF Justice. to-day re-
fused to comment on the arrests. but did
not deny the existence Of the plots.
The New York herald., 1921-03-04
NEW INDUSTRIAL BODY
URGED BY CHAMBER
State Organization Would
Prevent Strikes.

Settlement Of industrial disputes by
legislation which would make strikes
and locllouts Illegal except after at least
fourteen days notice to a State Indus
trial Commission and which would give
this commission authority over any vol
untary association of seven or more
members, was urged upon the Legisia-
ture yesterday by the Chamber of Com
merce of the State oS New York The
chamber adopted a report presented by
the executive committee which has been
investigating the subject for weeks
Gov. MIliers plan for the reorganiza-
ton of the Industrial Commission ito
provide for a single headed commission
with board of three. to be empowered
to discharge exclusively quasi-judicial
and legislative functions and to be
clothed with authority to investigate
labor conditions and to deal with labor
disputes" was approved by the commute
tee report
The New York herald., 1921-03-04
TRAIN DESPATCHERS
co ON FIRST STRIKE
Wage Cut on Western Road
Causes Action.

CHICAGO. March 3.---For the first time
In its history American Train Despatch
ers Association members have gone on
strike, according TO n statement issued
to-day by J. G.. Luhrsen. president
Despatchers already have withdrawn
from tho service on the Missouri and
North Arkansas Railroad, he said where
a wage cut recently went into effect
The despatchers also will Join other
rganizations in Withdrawing from the
service OF the Atlanta. Birmingham and
Atlantic Railroad II they decide to strike.
he added. This road went into the re-
ceivers' hands last week and a wage
reduction was ordered by the Federal
Court.
The New York herald., 1921-03-04
DENIES ROAD rs OPEN SHOP.
Kansas Official Says Emergency
Forced Hiring of Any Labor.

HARRISON, Ark. March 3.-Charles A.
Phelan. general manager of the Missouri
and North Arkansas Railroad. on which
operating employees struck last Satur-
day. denied to-day the railroad had de-
cided to operate on an open shop basis
a despatch yesterday from Helena
Ark. stated that Mrs. Harter. employed
in Mr.. Phelan's office. had given out 6
statement that the railroad would adop,
the open shop plan for labor. Mr.. Pho.
Ian said to-day there was no such
woman in the employ Of the railroad.
I'VE had to have labor. and we hired
II where It could be found regardless OF
organization" Mr.. Phelan said. but
the company has not adopted the open
shop plan."
The New York herald., 1921-03-04
AMERICAN RADIATOR GAINS.
Reports Net Pronts Of s4,1se. $50
I'm 1920.

The American Radiator Company and
Its subsidiaries report net profits OF s4.-
1s6.ss9 for 1920. In contrast to sa.57f,-
5ts for 1919. The profit for 1920 ia Z
rer cent. on $4,000. 600 OF the company's
preferred stock outstanding end 2S per
cent on s1s,S06.225 OF Its outstanding
common stock.
The company has written It's inyea-
tories to current replacement value. The
value OF such inventories or December
81 was s7.43e,234. against s9.573.9s1 on
December 81. 1912 IL has no funded in
debtedness and has substantial cash
balance after payment OF all It's current
bank indebtedness
The New York herald., 1921-03-04
TO END IA GRADE CROSSINGS.
LA clxa wn nm VIII Start Soon on
Big East Orange Job.

Officials OF the Lackawanna Railroad
Company announced yesterday that the
road win soon start the work Of track
elevation and grade crossing elImlna-
ton at East Orange. n. J. The work
will cost approximately s4.3o0.00o and
will take about ono and half years
The plans as completed by G. J. Ray,
chief engineer, contemplate the elimina-
ton Of fourteen grade crossings In and
about East Orange. eleven on the main
In and three on the Montclair branch.
Most Of the work will be Of recn-
forced concrete. but some structural
stool will be used. Contracts for the
materials will be awarded next week
The Improvement includes the provision
for three running tracks instead OF two
The New York herald., 1921-03-04
b. q A. TO READJUsT WAGES.

Following the lead OF five Eastern
territory roads. officials OF the Boston
and Albany yesterday sent out notice to
employees OF tho unskilled class for q
conference on wages with representa-
tives Of the road on March 8. It Is ex-
pected that the readjustinent win take
place on April and will involve approx
imately 2.o00 men.
The New York herald., 1921-03-04
ROADS DISCUSSING LABOR.
Exccutivcs Meet To-day 90 Com
slider Approaching Reductions.

The labor situation OH railroads os the
United States, and its relation to cur
rent earnings Of the roads. viii be dis
cussed In detail to-day By member roads
OF the railway executives In considera.
ton Of the plans OF the roads for confer
ences with their unskilled employees,
looking 10 a general reduction on April
1, the meeting to-day II held TO b OF
The New York herald., 1921-03-04
LONDON WOOL MARKET.

LONDON. March 3.---At to-day's wool
auction sales 1000 bales were offered.
They comprised good selection. Best
merinos hardened per cent The home
trade, America and the Continent
bought Interiors and crossbreds were
neglected.
The New York herald., 1921-03-04
considerable Importance in railroad cir

cIeS.
Members Of the labor committee OF
which Gen. w. w. Atterbury OF the
Pennsylvania is the head met yesterday,
and will report this morning to the
standing committee of twenty-eight
The member roads meeting will be held
in the New Haven board rooms this
afternoon.
The New York herald., 1921-03-04
READING PLANS REDUCTION.
VIII Meet Employees I'm Confer
ence ON March 15.

READING, Pa, March 3.--Announce-
ment was made to-day by General Man
ager F. M. Falck that he will meet 100
or more representatives of the employees
Of the Reading Railway system in
Philadelphia March is to discuss the
necessity Of a reduction In the existing
rates Of pay.
The new rate will become effective
April I.
The New York herald., 1921-03-04

Vermont & Mass, T54.
ic Worcester Cons. Street pf., 20.
IL Boston & Maine fst pf.. class A. EOS.
George r. Keith LIST pf., pS.
a Central Wharf q Wet Dock. f2f.
10 Beacon Chocolate ist pf., ~.
10 Rights Edison Eico., Brockton, ~.
u, IS. Worstcd, 4.
20 0iilstts safsty RAses. fSesk
The New York herald., 1921-03-04

AtAss.. gui.
Dartmouth Mfg pr. rs,
Connecticut 4 Pass, River pf., GIN.
20 Eastern Mars. St. Ry. pf. u. Z.
80 Cfocksr Pen pf., o.
% Hood Rubber, 62is.
Far Alpaca, 100.
r Nyanzs Milis, 1884.
Northern Il r. Of New Hampshire, Te
The New York herald., 1921-03-04
FINANCIAL NOTES.

Frank G. Campbell for the last ton years
with the bank examiners department OF the
New York Clearing House. has Just boon
appointed assistant cashier OF the Union
Exchange Bank. Previous 10 his employment
by the Clearing House Mr.. Campbell was a
Federal Bank examiner.
r. Benton Harper and George v. Grace
have become associated with the bond house
OF ". NJ. Jacoby q Co.
Tho Guaranty Trust Company Ia prepared
to deliver at lie trust department In ex-
change for outstanding temporary Nebracka
Power Company first mortgage per cent.
series II bonds, due on June !, 1919, defini-
1.-Two securities OF the issue with coupons No.
4. due on June 1. and those due subsequently
attached.
Miller Co. OF i2o broadway have pre-
pared a comprehensive analysis OF the Kan
sac City Southern Railway Company, show
Ing ita earnings, valuations and development
Of its properties. which may be had upon
request
Tho New York Trust Company has been
appointed registrar Of the Chicago Pneu-
matte Tool Company's capital stock and Of
the Oklahoma Gas and Electric ConpAw'e
bond secured 2 DOR cont. convertible enld
notes and general mortsags bonds.
The New York herald., 1921-03-04
To the holders Of Dominican Republic 5sl
Bonds, Issue Of 1913, Due 1898.

In accordance with Executive Order 272
scaled proposals. viii be received by the
secretaria secrets ,u ds Estndo n, 90 Hacienda &C
March 4. and April 1. 1921, for tho pur
chase for retirement Of bonds OF the DO
ninican Republic dated January !. 1915,
amount estimated at THREE HUNDRED
AND TWENTY THOUSAND DOLLARS
total for all three dates of $500. 600. All
proposals shall be submitted in trlpllcnte
and shall specify the number OF the bonds
offered, the series, the par value and tie
price al which offered and shsll be signed
hy an official duly authorized 70 act for
he bidders. Upon the outside Of the
appear the words "Proposals opening OF
--------------" tfili In dated Said proposals
VIII be- opened In public In the office OF tho
April I. 1921, unless such dates fail upon a
sunday or legal holiday. In which case the
bids VIII be opened on the following day.
The New York herald., 1921-03-04
Arthur Fl. Mayo,

Iieutensnt Commander tsC), L. s. N,
officer Administering the Affairs OF the
Secretarla de Esiado de Hacienda y Co.
The New York herald., 1921-03-04

HC5Ioa. 4, aT0s rESULTs.
tFurrishcd by Rinaardscn, Fllll q COO
II Lyman Mllie. 1875.
10 Fiske Rubber lst rf.. S2n -s0A aud div.
1876 Providence and Worcester. loo.
100 Cabot Mtg. ff5.
1 Third Nancnsi Bank, nprfngfisid.
The New York herald., 1921-03-04
BID AND ASKED QUOTATIONS
I. Y. sTocK EXCHANGE ounrArIoNs,

To the following prices accrued interest Is
to DO added In every case:
FOREIGN BONDS
The New York herald., 1921-03-04

Closing prices Of stocks In. which there
were no tranaactions yesterday:
The New York herald., 1921-03-04

$lOOOO,OOO
State Of San Paulo
(RepubEc of OF BraziD
Fifteen Year 81 Sinking Fund Gold Bonds
Loanof 1921
DusA
= sa s !. 4. e s!s s = . s $ % 6 - -s : & C. G. & s. s
S sa s%s Slate + ~ss time after
Security
n ss@eS sss sss : T 9TH NJ sssess s ss s @ ss" #s s %
Spnn s m % sSsss % Co., % @ M % " ] ~ shsasss
=" S-s s ss ": % :1s %'s' @ s mo
g ssIsf e I s p !: :ss % :s
$: =: ;;;. j.: 8: ' = $ : j i H i:: Fl: q
@ ss zig # s = % ' % . % s' s ;'ss:' %
] :ss s$osS e.: s t. Gs ss G. 5 s
& q IL & ! T. s:s: 81 francs ''': Eats vii s'' d: funds
Sinking Fund
Ss IS s md @ Is a. ss i p s: s 5 ss ] z
Rs ss % % ea"s s % sausy ar Hoys@ss
$ + % ; 4: *: :
w: s % ; &. % s:'; ::::: = :: s , $ =: nd ;':s: : ;:s
e7199o and interest
Yielding at at Least ss s47m l7sn per annum
y.puauoa n-roumm m~~pHs~
T. s. e: !: e.: &; S S: {, ::: =: s:
AssA1nn to nHass<B <Bora,o. se yo,ss Ee4oa.
Speyer & Co.
Blair & Co., Inc The Equitable Trust Company
ofNew Yot
Halsey, Stuart q Io,Ine Ladenburg Thalmann & Co.
Cassatt & Co. Illinois Trust and Savings Bank
:s a ssss s sss Sss s ss
The New York herald., 1921-03-04

r. Benton Harper and George v. 0race
have become associated with the bond house
OF ". NJ. Jacoby q Co.
The New York herald., 1921-03-04
NEW YORK
HAROLD c. RICHARD, P,e,fdem

WILBUR L. BALL
WALTER l.. BURCkETI
ROBERT S. DENNISON
JOHN KNEISEL
LUCiUS N. LITTAUER
ROBERT n. MANNER
MORRIS RI. MANN
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-02-13

The Ardrnoreite Is authorized TO an.
nounce ". +. Hignight as a candidate
Tor the office OF chief Of police OF
Ardmore. His announcement is made
subject 10 the choice Of the Democratic
voters al the city primary election
10 be held In March.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-02-13

The Ardmoreito Is authorized TO an
nounce James NJ. Chancellor. as Il
candidate for the office of chief Of
police, subject 10 the action OF the
democratic primary election, March
10, 1921.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-02-13

The Ardmorelte announces the can
didacy OF Jesse G. Johnston FOR the
office OF chief Of police subject 20 the
action Of the democratic primary
election TO be held in March, 1891.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-02-13
ELKS PLAN BEST
CONVENTION IN
HISTORY OF THE
CLUB IN MAY

The trustees Of the State Associa-
ton Of the Il. +. q. Elks Will meet
ut 9 o'clock this morning with the
chairmen and members OF committees
OF the local organization, in charge
OF the state convention which will be
conducted in this city during May
The purpose OF the meeting today is
10 outline the program, TO set the ex-
act date, and to commence plans for
the preparations Of what promises 10
be the biggest and best" convention
ever conducted by the order in this
state. The meeting today has been
awaited with great zeal by the MEM
hers OF the committee, for II marks
the initial step IN their activities. I'm
mediately after the dates for tho con.
ventlon have been set, the work OF
the committees viii be set In motion.
Citizens OF Ardmore will be treated
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-02-13

to sights which they have never wit
messed states Exalted Ruler Bob
Gardenhire. of the local organization.
The novelties. parades, dances, af-
fairs, and meetings during the period
Of the convention will be of the high
est calibre possible. and the conven-
ton will be one which will long b.
remembered by all visiting delegates
as well us the local enthusiasts.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-02-13

probability the corn acreage will be
increased this season.
Owing to financial conditions farm
ers are curtailing expenses and are
trying to make this years crop with
their own force without hiring out
side help, most OF the farmers who
tried have (h.gs for their meat or have
already killed and put away sufficient
for their needs, and there are more
stock hogs in the country than usual
at this season of the year.
Chickens are also plentiful In the
country, and the farmer has at last
learned that the. fowl Is not the least
of his assets ON the farm. The cam
paign for gardens among the farmers
inaugurated few years ago is hav-
! ing its result now and every GARNER
owner and tenant, is getting in an
early garden that will assist materiai-
" In reducing the number OF trlps
to the grocery store.
II see q good thing in the proposed
road work for the farmer, there vii!
be surplus labor awaiting employment
and many farmers and their teams
can be utilized in this work If the con-
tractors are the right sort, and this
will have a tendency to relieve the
situation to marked degree.
81 feel that conditions are in fairly
good shape. there is no cause foa
alarm, with an ordinary season FOL
the crop growing period feel that We
may be able TO forget the stringent
times and low prices Of 1920 and loof
forward to much better conditions II
the fall of 1921"