davidaulloa/AmericanStories huggingface dataset:
Pueblo chieftain., 1921-02-06
For
Darfdruff

Those little 6ccks from your head that
fall upon your clothing and spoil your
pleasure arc dsndruff scalp disorder.
Conquer it completely under money
back guarantee. Use Kotalko. Amas-
ingly quick, lasting benefit reported by
lcgions of men. women. children. Save
your hairi Get new hair. II is possible
in many cases even after baldncss-abso-
lutcly proved. Remember rkOTALkO-
1t any busy drug store. Watch your
Hirror! Show others this advertisement,
Pueblo chieftain., 1921-02-06
LOCATE BODY OF
WORLD WAR SERGEANT
'ecial to Tho Chieftain.

Special to The Chieftain.
Canon City, Colo, Feb. 4.-Thc body
of Sergeant Elmer johnson of Canon
City. who was killed in tho Argonuc
offensive during tho late war and of
whom no trace could be found since
,the battle by his friends or rels
tivcs, has Just been located by tho
cemcterial division of the war depart
mcnt in n French communal cemetery
Pueblo chieftain., 1921-02-06
PROPOSES AIRCRAFT CARRIERS

Washington, Feb. J.-Four naval
aircraft carriers, TO cost t2i,6O0,00O
each. were proposed in an amend
ment to the naval appropriations bill
introduced today by Senator Gerry.
Democrat. Rhode Island.
Pueblo chieftain., 1921-02-06
SHORTER HOURS

Sacramento, Cal. Feb. s.-rhe
southern Pacific railway shops In
Sacramento today went on a five day
week basis which will result in tho
laying off OF only zoo men for tho
time being. II was announced by Con-
crsl Superintendent ID. S. Watkins.
Pueblo chieftain., 1921-02-06
SUGGESTS INDUSTRIAL
COMMISSION

sheridan. Wyo.. Feb. 5.--Appoint-
mcnt OF an Industrial commission TO
with contractors and tho
Pueblo chieftain., 1921-02-06
G A n G f. r.

It's successful treatment without tho
use of tho knife. Hundreds of salts sfied
patients testify TO this method. writ
for free book. Tells how to care FOR
patients suffering from cancer. Ad
drcFs
DIR W. y. BYE, Kansas city, Mo.
New-York tribune., 1921-10-28
Bethlehem Steel
Quarterly Income
Covers Dividends
Surplus More Than SuAfi-
cient to Meet Regular
Disbursement; New Rail
Price Met, Says Grace

The Bethlehem Steel Corporation in
the third quarter of 1921 earned
surplus more than sufficient to pay
the ~ per cent quarterly dividend
on the common stock, which was de-
clared yesterday, payable January 2,
1929, to stockholders of record Decem-
Der Is, 1921.
Eugene G. Grace, president of the
company, stated after the meeting Of
third quarter, like the first six months,
were in excess of the dividend on the
common stock, after providing for divi-
dends on both classes of preferred
stock.
He said that the value of orders on
the corporations books, as of Septem-
ber 80, was $4,000 900, compared with
$S4,000,000 on June so. Although the
amount of new business booked during
the quarter was S14,000,000 less than
billings, this compared with a similar
100000. The orders for the steel plants,
Mr.. Grace said, were the largest of
any quarter to date this year.
Mr.. Grace stated that the Bethlehem
interests will meet the new rail price
OF $40 ton recently established by
the United States Steel Corporation.
His statement continued:
"The steel plants at this time are
operating at about 40 per cent capacity,
this increased output having been
reached largely because of full opera
tions in both the tin plate and sheet
mill departments and a fair volume of
structural business. No important
orders for new ship construction are
imminent, but the ship repair business,
particularly as requiring drydock facili-
ties, is showing considerable activity.
'''rhe board of directors approved
the purchase of the properties of the
Baltimore Drydoch and Shipbuildng
Corporation which properties, in con-
junction with our Sparrows Point ship
building and repair plant, will provide
the shipbuilding corporation with COM
plete facilities for the handling of all
classes of repair work in Baltimore
harbor."
Mr.. Grace expressed the opinion that
the present increased demand in the
steel industry represented consumers
actual necessities because all stocks
had been depleted and practically all
consumption had to be met by new
production.
In his judgment. no important ex-
pansion or new construction can be
undertaken until the railroads come
into possession of funds enabling
them to improve and extend their
properties and equipment He re-
garded it as of great Importance that
the carriers should be placed in a posi-
ton, through reduction in operating
expenses, to give the farmer, industry
and the public cheaper transportation.
In this same direction Mr.. Grace
said there must be further liquidation
in the cost of fuel, as represented in
both labor and transportation, and in
the building trades, as represented in
the present high cost of labor and
the many materials required in build
ing operations. The present schedule
of steel prices, in the opinion of Mr..
Grace, represents more than full liqui-
dation compared with pre-war prices
and conditions.
New-York tribune., 1921-10-28
Slight Changes
I'm Reserve Bank
Position i'm Week
Gold Holdings Increase and
Commercial Discounts De-
cline; Ratio Of New York
Bank Is Slightly Lower

Comparatively slight changes took
place last week in the position Of the
Federal Reserve system, tha consoli-
dated statement as of xne close of
businese on Wednesday revealing a
ratio of total reserves to deposit and
Federal Reserve note liabilities of
703 per cent, compared with 70.S per
cent the week before.
Gold reserves of the twelve banks
increased from $2,772, 200 10 ST.
S6,239, 900 in the aggregate. Discounts
for member banks of commercial
paper dropped from S87o,007 900 to
$846,S6 900. Advances against gov
ernment paper increased from s459,-
671 900 to s461,S86, 900. Circulation of
Federal Reserve notes declined from
S2,440,8 1862 900 to S2,40s, ,779, 900.
The New York Federal Reserve
Bank in its statement showed q ratio
of total reserves to deposit and Fed
eral Reserve note liabilities combined
Of 82.3 per cent, against 83 per cent the
week before. Discounts of commercial
paper for member banks decreased
from s150,977, 900 to $134, ,748,8S9 dur
ing the week. Advances against gov
ernment paper increased from $751;
1900 to 97,165,937.
New-York tribune., 1921-10-28
St. Louis & Suburban SIS

Questlon--Wili you please be so kind ns
to give me any information that You ca a y !,
first mortgage 5 per cent bonds, which
rnatured February /, 1921, but which were
mot paa r. sa own seysrs 20 of these Sond
appreciate knowing whether it would be
better to sell the bonds or to hold them
hoping for their eventual payment. un-
derstand that the bonds can be sold for
about sos. T. F.
Answer-The St. Louis & Suburban
is an underlying company Of the
United Railways of ST. Louis. A re-
ceiver was appointed for the United
Railways of St. Louis in April, 1919,
and when the st. Louis & Suburban
consolidated mortgage 5s fell due Feb
ruary /, 1921, the receiver asked per-
mission of the Public Service Commits
sion of Missouri to extend the bond at
per cent for three years. Some of
the local bond houses, however, op-
posed this proposal and it has been
hanging fire. The latest Information
which we have in regard to the United
Railway situation is that the receiver,
Rollo Wells. has made an application
to the court Tor an order auth orizing
him to pay semi-annual interest due
October 1, 1921, amounting to $244, ,750,
on the $9,790,000 bonds of the st. Louis
Transit Company. About the only ad-
vice that we can give you in a case
such as this is to keep as closely in
touch as possible with the develop
ments that are taking place under the
receiver. You could do this either by
subscribing to St. Louis paper or by
writing to some St. Louis banker, and
asking him to keep you informed in re-
gard to the situation. The Mississippi
Valley Trust Company of st. Louis is
asking deposit Of St. Louis & S. bonds.
New-York tribune., 1921-10-28
Schultz Will Head
Cigar Store Chain
In Case Of Merger
Proposal ssCould Be Ar.
ranged by Exchange of
Stock, He Says; Announce
ment Is Expected Tuesday

David A, Schultz. president of the
Schultz Retail Stores Corporation. in
s formal statement yesterday confirm
ing merger negotiations with the
Shited Cigar Stores Company, declared
snat the only basis on which he would
go INTO such deal was that the Schultz
lh.erests would be in control of the
consolidated enterprise.
Asked how this could be ACCOMPLISHED
IL the merger were brought about on an
excnange of stock share for share, Mr..
Sehufte said that could be arranged
Inc present outstanding stock Of the
United Cigar Stores Company of Amer
lea consists of S28,6e1 shares, as against
100000 shares of Schultz stock Of no
par value. The majority of the United
Clgar Stores stock IS controlled by the
United Retail Stores Corporation, which
was organized in 19l9 and which also
controls several of the Whelan-Duke
enterprises.
Mr.. Schultz, who was seen at his Of
f'ces at $50 Broadway, said that he
| probably would make a definite an
| nouncement next Tuesday concerning
the outcome of the negotiations with
the Duke interests. His formal
statement, issued yesterday, said:
When interviewed to-day David A.
Schultz. president of the Schultz Re-
tail Stores Corporation, said that the
statement he made yesterday had been
misconstrued. He denied that the
united was buying out Schultz, and af-
hrmed, on the contrary, that the neco-
! tiations now pending were for a con
solldation whereby the Schultz inter
ests would gain control of the United
Cigar Stores, in which event David A,
Schultz would be president Of both
companies.
"Mr. Schultz also stated that the deal
was far from being closed, and could
never be closed except as above stated
Finally, Mr.. Schultz affirmed that
whether the deal was closed or not. the
Schultz stores would continue under
their present policy and under the
control of their present organization p
Sales of the Schultz stores. Mr
Schultz said, have been running at the
rate Of $20,0o0,000 year, and may run
as high as $25.000,000 for 1921.
In the event that merger with the
| United Cigar Stores is consummated
the combined organization would have
control OF 1,400 stores, of which 20O
are now Schultz stores and 1900
United. These stores, he said, would
represent about 10 per cent OF the re-
tail tobacco business of the country
estimated at approximately $1,000, ,OOo,-
600
Efforts to reach George J. Whelan
head of the United Retail Stores Cor
poration, last night were unsuccessful
New-York tribune., 1921-10-28
Coca-Cola Dividend
On Common Resumed

Directors Of the Coca-Cola Company
yesterday resumed payment Of divs-
dends on the common stock by declar-
ing a quarterly divitend Of 81 share,
payable December /, to shareholders OF
record on November 10. This Is tbs
first dividend on the common since
July, 1920, which followed an iTsfsf.<
declaration of 81 share in April at
that year.
Last spring, when the company wss
forced to make heavy write-ofFs against
sugar bought at high prices. dividends
on the preferred stock were deferred.
but were resumed again few weeks
ago. when setni-annual distribution OF
$3.50 a share was declared
Following yesterdays meeting II was
learned that the company will announce
shortly reduction in the price Of its
syrups, from which the coca-cofa bev-
erage is made. The stock has bssn
strong the last few days on talk that
dividends on the common were soon TO
be resumed.
New-York tribune., 1921-10-28
Costa Rica Has a Bad Record

Question: would greatly appreciate
your opinion of the external gold refundinE
IS bond Of the Republie Of Costa Rica,
issued in 1911 and due 1858. These bonds
are said to be first charge and lien on
all the customs duties and revenues re-
ceivable by the republic from exports and
imports, VIII you kindly compare the
above bond with similar bond of the
City of Peotas, Brazil. per cent sterling
loan of 1911 ?-E. M. Z.
Answer-Our opinion of the obliga-
tions of the Republic of Costa Rica is
low-very low. You are correct in re-
gard to the 1911 refunding per cent
loan being charge on the entire Gus
toms revenue of the republic, but un-
less you have private navy and ma
rine corps at your disposal for the
purpose Of collecting the interest and
principal when due we suggest that
you invest your money elsewhere. The
financial record of Costa Rica is very
bad indeed, and in fact the 1911 loan
was a compromise between the govern
ment and the holders of various is
sues of defaulted bonds. The City of
of much higher standing.
New-York tribune., 1921-10-28
Leather and Coppers

Question--Can you tell me why tho
slightly improved leather situation seems
to be reflected by the American Hide and
Leather and not by the Central Leather :?
| hold some preferred of the latter. VIII
you anaiyze the listed coppers in detail I?
1t doesn't require undue optimism to be-
by buying some of them on to-days mar
kct.-W. w. s.
Answer-Slight improvement in the
leather trade is reflected in American
Hide and Leather and not in Central
Leather by reason of the better posi-
tion of the former company. All the
copper stocks are entirely speculative,
in our opinion, and we cannot advise
their purchase as an investment. We
do not undertake to furnish informa-
ton on speculative securities.
New-York tribune., 1921-10-28
Days Dealings in Bonds
The Market

In rather quiet market yesterday
bond prices were generally we'll main
tanned. Rising strength of the Victory
Loan notes was one of the most in
teresting developments. The 4As du-
plicated the high price made few
weeks ago, while the 3%s touched q
new high for the year. Railway bonds
were steady and changes in industrial
issues were narrow as a rule. Among
the foreign governments the strength
of the Queensland rs attracted atten-
tion. They moved from 100ss to 1914.
New-York tribune., 1921-10-28
Ought to Confine Himself to Bonds

o. oaes,ion,nwn quest, you kindly criticize the
sp0Wns sx a OF sesurt'es Ags twenty
poets fnais salsry soO odIa
eral trust 1863. at &c; sl.Ioa Great North
srn s 7s 1895, at seh; $1,000 United States
75; $1,000 Baltimore & Ohio, Pittsburgh'
Lake Erie & West Virginia 1914 at 6s;
Si,upo Colorado & Southern preferred and
Ssahssesapeake : ono convertible Ks, 1850 1880.
1880, at 70: $1,000 st. Louis, san Francisco
prior lien 4. 1860 at SO. and 100 St. Louis
fifteen shares American Telephone & Te,e-
fsrred at 7s, IS shares Westng house
Electric & Manufacturing common at
. 46; 9 shares Alis Chalmers preferred at
20. 10 shares New York, Chicago q ST..
Louis Railroad I'd preferred at 81; 40
shares kennecott Copper at 2a; 10 shares
Colorado Fuel d Iron common at So. Have
s1So to invest Am considering 10 shares
advise this rhayc you something better
TO suggest. Would you consider Erie con-
vertible As, series fair speculation for
Kansas City Southern preferred and Rock
island preferred a fair speculative use of
funds.-L. S.
Answer--For young man in your
position your list is an excellent one
in our opinion. We think, however
that you have your due proportion of
stocks. both common and preferred, and
that for the present You ought to con
fine your investments to bonds of first
or nearly first grade. For this reason
we advise against all of the preferred
stocks you mention, although we think
Kansas City Southern good in that
class. But we would prefer to see you
diversity and at The same time
strengthen your list by adding good
public utility bond like Montana Power
first IS, selling at price to yield just
under per cent.
New-York tribune., 1921-10-28
Third Avenue Railway
Has Loss of $876,6ll

The Third Avenue Railway Company
reported deficit for the year ended
June 80, after taxes and charges, of
S876,611, compared with a deficit Of
Ss45,3e6 in the preceding year. Net
operating revenues amounted to 81
46l,6ls, against $2,467,347. Operating
expenses were $11,o37 6O7, compared
with $9,284,722. Profit and loss deficit
totaled s2,4sso6e, against $1,252,51o.
Consolidated balance sheet as of
June 80 showed cash at $1,o23,65a.
compared with s894,373 a year ago.
Accounts receivable totaled $179,I27,
against s375,321. Accounts and wages
payable amounted to S540, ,284, compared
with S5S8, 1927.
New-York tribune., 1921-10-28
Financial Items

The Investment Bankers Association
announced that members OF the assoca-
ton wishing to return to New York from
New Orleans by boat obtain accom-
arriving in New York Monday, November T.
Tsutonu Yamada, of the Imperial Cot
ton Company. New Orleans. has applied
FOR membership in the New York Cotton
Exchange.
Richard c. Platter, OF Nashville. Tenn
has sold his New York Cotton Exchange
membership to ]. NJ. Anderson for $40. 900
representing a decline of $1,000 from the
last previous sale
New-York tribune., 1921-10-28
Consolidated Textile
Deficit Is $673.37T

The Consolidated Textile Corpora
tion reported a deficit for the six
months ended July 9, after interest,
taxes and depreciation, of $673,377.
Gross manufacturing profit totaled ST.
226,740 and surplus, as of July g,
amounted to $1,755,27
Consolidated balance sheet. as of
July 2, showed cash at $2,309,2 and
notes. mortgages and accounts receiv-
able at $7,631 1874 Bills and accounts
payable, including Federal taxes, ETC.,
totaled $15,135,786.
New-York tribune., 1921-10-28

lssstsrs Mss9 YORK. OFFICE or THE
eN Il S.s,s.s 81 state, ss.: This certifcate.
sasnss Tsss H. - hereby certliies that the
h Nh IA has flied tn this Office on
4 sel,lntsss9 81 Qctoher. 1o2l, .apers for
"a sssstSr asssciption OF such corporation
4 lAs ~ xxt OF the General Corpora
y. ssfn1estssuMAt f ssMAt II appears therefrona that
At.l = ys,alsr yss5slsr "a 70 dlssuived. ~ ~'s'
i. II - s9ss my hard and the seal of
|kA4aS' Is cseinsy ~ state. ri tha CITY
= Md tNentisth dag of October. one
- andSed and twenty-ene
oss.s -. e. w. wAisT.
New-York tribune., 1921-10-28
Investment
Information

Questions Of general interest to in-
vestors scaH be anstpc~cd in this COT
w'nn, IN achich case only initials soils
oe used. Others viu be answered BY
tnail. Address all Inquiries, imctos-
s,g stomped, addressed envelope, to
F.snonciu' Editor. The Tribune, 15A
Nassau Street, Ncw York Cs.y.
New-York tribune., 1921-10-28
Fisk Rubber Nets $I.356.26a

For the six months ended June 80
the Fisk Rubber Company reported
net income. after depreciation and
other charges, but before taxes, of ST.
s66, ,268. Net sales amounted to $1S,-
l22,145 and gross profit, after deprecia-
tion. $6,156.256
New-York tribune., 1921-10-28

To figure the prectge yield on bond It
is necessary to use yield tables. out the
approximate yield can roughly be figured
out by the following formula; Divide the
the annual return. II the bond Is selling
below par you must allow also for the
appreciation of the principal To do this
subtract the market quotation from par.
or 100. and divide the remainder by the
number of years the bond has to run be-
fcre maturity. For example, II per
cent bond is selling at 80 and has ten
year. run, the annual return Will be
Of inter- 1t pays, and the result will be
s.66 per cent. The difference between par
and che market price will be 10 points.
subtrrctirg 80 from 100. Dividing ten
poirt tn ly ten years the ouotient will be ].
Tits figure is to be added to 6.66. which
In the annual return, and the result, 1888
per cent. will give you the approximate
New-York tribune., 1921-10-28

The proportion Of the banks reserve
to liability this week is 1871 per cent;
last week it was 1851 per cent. Rate
of discount 5ls per cent,
New-York tribune., 1921-10-28
Wise and Foolish

Question: am much interested in your
column, and think that you will give me
position and am able to put about SEQ +
month aside. ] thinking OF Investing
in good, sound stocks, such as you advise.
and paying on the partial payment plan.
VIII you kindly tell me what you think OF
the firm of Rogers & Sullivan 46 Cedar
street. They issue a good booklet, In,
own five shares OF Westinghouse Electric
common. Is that considered a safe in
vestment? A young friend Of mine has
purchased 500 shares of Boston and Mon
tsna at s1sl a share. Has this been a
wise investment ?--M. G.
Answer--We cannot undertake to ad-
wise about the standing of brokerage
firms. Those advertising in The Trib-
une have been Investigated by the ad-
vertising department and are believed
to be reliable. We are not in favor
Of the partial payment plan, however
For one thing, it leads too near specu-
lative operations on margin. We advise
you to put your monthly savings in
the bank and when you have enough
to purchase one of the sound bonds
which we frequently recommend, buy
it outright and with the interest and
your other savings build up your saw
ings account again and repeat the oper-
alton. There are many better invest
ments than Westinghouse Electric and
Manufacturing stock, we think, but
since you are net dependent upon the
income from your holdings, we see no
reason why you should dispose of if
Just now. Your friend is engaging in
an entirely speculative operation in
purchasing the shares of small min
ing company at this time. If you will
confine yourself to first-class invest
ments and your friend continues to put
his money into speculations of this
sort we think that it will not be many
years before you will be able to de.
eide for yourself which operation was
wise and which foolish.
New-York tribune., 1921-10-28
Bank if Germany Statement

BERLIN, Oct. 27.--The statement OF
the Imperial Bank of Germany as OF
October Is showsthe following changes
In marks:
New-York tribune., 1921-10-28
Days Ne,c Issues

Dillon, Read & Co. are Offering an
issue of s2,75o 900 Province of Mani
toba twenty -hve-year per cent bonds
at S91s and interest. to yield slightly
more than s per cent. This is the Sec
ond block of Manitoba bonds sold here
by the same bankers. Interest and
principal are payable in New York.
The same house sold yesterday at 98%
to yield about 6.10 per cent, an issue Of
S2o00.OO0 twenty-year 6 per cent bonds
Of the Province of British Columbia,
New-York tribune., 1921-10-28

Blair & Co., Inc, Kissel, Kinnicutt &
Co., William R. Compton G. Co. and
Stacy & Braun are Offering for sub
scrlptlon at 100 and accrued interest
u 100000 Province of Nova Scotia,
canada, fifteen-year per cent non
callable gold bonds.
New-York tribune., 1921-10-28
Bank of England Statement

LONDON, Oct, 27.-The weekly
statement of the Bank of England fol
New-York tribune., 1921-10-28
Bank of France Statement

PARIS, Oct. 27.-The weekly state
ment Of the Bank of France shows the
followinp changes. in francs:
New-York tribune., 1921-10-28

aScA sa3EAEE that special rusctinE OF
sasy VII ,}lsss cg ths Mutual Beer Pump
Yary, "a g ne!d at the ofice OF the
kt;sc sss Third Avenue, Borough OF
issi New York city on Novernber
npsides ~ 40 O'clock in tho forenoon
anS $. pros,csiticn 70 change its corpor-
IN n ~ ~ The Mutual Besr Pump Com-
Aad:as e essnt narne. to Mutual Pump
nssn5nEksTRoH. Jr.. President
1ahd = +, 5kh1ER. Secretary.
New-York tribune., 1921-10-28

Several important pieces of state and
municipal financing are scheduled for
the next few days. On October 81 Los
Angeles is selling s3ol5,o 900 school dis
trlct 1s per cent serials, and Cook
County, Ill, S2,00o,oO0 twenty-year 4s.
On November l the State of Michigan
has scheduled sale of $4,000 900
twenty-year 51s per cent bonds. Some
time next week the City of Chicago is
expected to announce the sale of s.
100000 long-term bonds.
New-York tribune., 1921-10-28
FINANCIAL MEETINGS

sisEEs saiSE sTocssHoLpERs OF CHECK
gss =, TAKE NOTICE. that snecial
RTEn y a,tEe tEe Stockholders OF CHECK
"a os s sas KS. INC. will be held at the
u Rs,.G. = Hnster. ST i5l Nassau Street.
~ - sSSuFn az Manhattan. City of New
St9eT Ire IAN 4<y of October, 1924. at
&tarr - W. AFTERNOON. for the purpose
81 1Hou resolution to change the
RER ME- eeyrorafion from CHECK
~ No - ~. INC. to CHECK WRITER
York, Qcscher 18th. 1871.
4QSN HtITTER, President
WILLIAM HUTTER seeretary.
New-York tribune., 1921-10-28
Standing Of Reserve Banks

FOR THE WEEK ENDED OCT. 20