davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-04-09
Remington Takes Over
Wahl Adding Patents
Writes Down inventories bv
Sl,3l3, 1876; Earns s8.l4
Share

The Remington Typewriter Comusnv
sold more machines in 1920 than evsr
before in its history In the lattsr
part of 1920 the company's sales felI
OF to some extent, and Inventories. for
this reason and because the companv
had started the manufacture of two
new models OF machines, had run uu 10
= considerably higher than normal
figure. Before the 1920 balance shee,
was made up inventories were written
down to cover obsolescence and loss in
market values to the extent of
S1,313,ls6. Subtracting this amount
from the years earnings there was
S1,57S, ,459 left for dividends. and after
paying dividends on both the first and
second preferred stock there remained
S814,277 for the s10000.000 common
stock. or sS.l4 a share In 1919 bal,
ance of S2,9l0.709 was earned on the
common, or S29.1l a share
In 1920 the Remington Company
bought the patents, tools and mate
rials of the Wahl accounting machine.
which had been manufactured by the
Wahl Company and for which the Rem
lngton Company had been sole selling
agents. The company also brough. out
a new model of the standard type
writer and a Remington portable type
writer
At the end of the year inventories
were carried at s9,60951 and there
was S1,295,04 cash on hand The only
financing the company did was the is
sue of 81 600 900 notes payable.
New-York tribune., 1921-04-09
Prices Under
Pressure i'm
Quiet Market
Strike News From London
and Z Per Cent Call
Money Are Restraining
Influences

Unfavorable news from London Of
the British labor crisis and a further
rise in call money rates to Z per cent,
continuing the hardening tendency of
the preceding day. were developments
of sufficient Importance yesterday to
restrict speculative trading in secur-
ties and cause more or less irregular
ity. At the close the general run of
change fell to 366,e00 shares for the
five hours, making it the dul@est ses-
sion since February.
The other financial markets were af-
fected by the London advices, and in
the case of the foreign exchanges the
apprehension over the effect Of the
strike upon British industry was re-
fected in a fall OF %. cents in the
value of the pound sterling, London
sight drafts closing at S3.8S'4, against
1881 on Thursday. Cotton prices main
tanned steady tone part of the day,
but subsequently lost ground. The ef-
feet of serious labor tic-up in Eng
land would be severely felt by fall
ing off in English imports of American
cotton. The same influence was eX-
erted against prices in the grain mar
ket, where the tendency was downward.
Movements in stock prices at the eX-
change were in response almost wholly
to professional effort exerted on the
bear side. The days developments
were favorable to the traders working
for reaction. Some of the industrial
issues which have been moving within
a wide range of late sold off sharply,
including International PapeN General
Asphalt, Crucibe Steel and Stude-
baker Steal shares ranged lower on
expectations of an impending cut in
steel prices. The monthly untitled tom
mage statement of the United States
Steel Corporation will be made public
to-day. and another decrease is antici~
pated. Rail shares yielded on light
offerings.
Borrowers against stock market col
lateral were confronted with d tighten
ing market for call loans, the rate
climbing to 7 per cent in the after
noon. Renewals were made on 6 per
cent basis against 5'2 per cent the day
before. The firmer position of money
at this center is due largely to the
transfer of funds to the interior.
New-York tribune., 1921-04-09
Atlantic Cuffs Oil Output

The recent increase in the produc-
tion of the Atlantic Gulf Oil Company,
the oil subsidiary of the Atlantic Gulf
and West Indies Steamship Lines, has
been surprisingly gratifying to inter
ests of the holding concern. So much
so, in fact, that they are encouraged
to believe that their financing plans
will be gradually worked out without
the necessity of disposing of their oil
tankers. 1t was said yesterday that
the company's creditors are not press
ing for payment of the sums owing
them and are giving the Atlantic Gulf
management ample time in which to
solve its financial problems. In March
the Atlantic Gulf Oil Company pro-
duced 2,860,964 barrels Of oil, daily
average of about $4,000 barrels, the
largest on record for any month since
the company began operating. At the
end of March there was in storage
aaasSe than 100000 barrels.
New-York tribune., 1921-04-09
La W all Street
Untitled Steel Orders

Another drop in the untitled orders
of the United States Steel Corporation
at the end of March is expected to be
disclosed to-day in the company's
monthly tonnage statement The de-
crease in February amounted to 639 ,297
tons, and, judging from recent reports
in the trade, the March decrease will be
as large as the preceding month, if
not larger Bookings at the end
of February were down to 6,933,S67
tons, the lowest figure since October 81 ],
1919. With the arrival in New York to-
morrow Of Judge Gary the Street was
filled with rumors of an early an
nouncement Of cut in the corpora
tons prices. John A. Topping, presi-
cent Of the Republic Iron and Steel
Company, when asked yesterday con-
cerning reports that his company had
advanced prices, stated that some
changes had been made in the schedule
in order that prices might be brought
to level more in harmony with costs
of productions
New-York tribune., 1921-04-09

Lee, H!gglnson G. Co. are exchanging m
terim certificates of the city OF Befssu
Norway. twtnty-five- per cent silA
ing fund gold bonds for permanent bones
Dillon. Read & Co. announced that n
terim receipts of William A. Read g. -. ~
for the FIRST mortgage 7 y per cent slhsin'
fund gold bonds, Series A. OF the Wisoon-
sin Electric Power Company may be -.
changed on and after April ! for osha y,
tive bonds upon surrender OF receipts -
the office OF the Central Union Trust Co'n
pany Of New York. 50 Broadway
The Equitable Trust Company OF ~.
York Is now making exchanges OF as..ri Ia
tive bonds OF the Empire District Eiee..,s
Company first lien and general mcr'ssssss
per cent gold bonds. due l949. with ~ "a.
!, 1871. coupon attached In place o,...rsd o. -,
temporary bonds of the company delseisss a.
q, the tilDe OF the original onerint -
January
Permanent engraved bonds OF tho City ~
Zurich. switzerland. per cent t~enS y,
fiv-year sinking fund external loan, "A a
1920 viii be ready for delivery on -. Sr
after Monday. Aprn II. in exchange, ~. ~
temporary bonds the Central ."'-
Trus. Company OF New York.
The Garfield National Bank has Dsea ea
appointed transfer agent fer the co.nss, cosin,sr,
and preferred stock of the Aubry sis'S'
Corporation.
Announcement Is made by the chain.S~
and Phenix National Bank OF the ssss csss
lishment of trust department. wxs
services Will be available Al tho compArsc IN
main office and each OF its twelve ""
banks.
Estabrook e. Co. and w. A. Hartman
Co. announce that the 81 100000 Anei,oosaa An.,csa
Glue Company ten-year 5 per cent COUP
deDenture notes have all been sold
cable received Yesterday from 40. 40.
Rotterda amsche Bankveree eniging snow
gregate net profits for 1920 cf 20 II %. a.,
compared with ls.Ico,4ls q. in 1919 An. -.
providing for all adequate writings-on "a
New-York tribune., 1921-04-09
Mexican Oil Discovery
Brings Rush of Operators
Leases i'm State of Tabasco
Must Have Government
Sanction
NfEYJCO CITY Anr;

MEXICO CITY. April s.-Contracts
for the lease of oil lands in the state
of Tabasco will not be recognized By
the Mexican government unless they're
ceive the sanction Of the Department
Of Commerce and. Industry. says an
official announce ment issued here. This
statement was result of great excite
ment over the discovery OF oil in Ia
basco, and a rush of operators to that
district. Most of the leases already
made have been given foreign oil men
and confer rights to the subsoil. pre-
senting problems much the same as
encountered in petroleum development
projects in the Tampico field.
Important petroleum discoveries
have been made in Tabasco, it is n.
ported. and the Excelsior says that 81
Frontera, the principal port OF sns
state, there are enacted scenes SIM
liar to those in the Klondike when the
gold rush was on"
New-York tribune., 1921-04-09
Stewart-Warner Dividend Cut

Spcedometer Company, meeting in Chi
cago yesterday announced that the
quarterly dividend rate will be cut
from 81 share to 80 cents when the
board meets for dividend action on
April 20. A statement said, in part:
an view of the considerable talk on
,he subject of whether the dividend
will be paid or not, directors discussed
the subject, and it seemed their opinion
that a dividend would be declared at
the rate of SO cents a share, instead of
81, as heretofore. The retail trade,
which is a considerable proportion Of
the corporations entire business, is
back to normal. Sales to car manu-
eacturers are improving weekly'
New-York tribune., 1921-04-09
Seek TO Broaden Market

Local discount houses are seehlng
to broaden the discount market by
having interior banks that lend call
money here against stock market col
lateral extend similar accommodations
against bankers acceptances. The
discount Corporation of New York has
sent letter to interior institutions
in this connection which says in part:
This request is made necessary by
the fact that il has occurred several
times that money offered has been un-
loanable against Stock Exchange col
lateral, yet at the sanre time there was
a demand for loans against bank ac-
ceptances. AS matter of fact loans
against eligible acceptances should be
made at a preferred rate on account
Of the extremely liquid and high
grade character Of the collateral. AS
you know, there is ready discoun.
market and moreover the acceptances
are eligible for purchase by the Fed
eral Reserve Banks
New-York tribune., 1921-04-09
Locw's Theater Stock Dividend

Directors of Loew's Theaters Com
,pany, a Massachusetts corporation.
have recommended the declaration of
a 66 2-3 per cent stock dividend. Share
holders will meet in the near future to
authorize a change in the capital stock
and par value to enable payment of
the dividend. 1t is planned to dis
tribute two new shares, $25 par, to
each holder of three shares of present
stock, $40 per value. A recent appraise-
q surplus of more than $1,000 900,
which will be capitalized under the
stock dividend plan. Loew's, Inc,
which is the holder of all the out
standing stock Of the Loew's Theatri-
cal Enterprises. will benefit through
the stock dividend distribution.
New-York tribune., 1921-04-09
Still a Buyers Copper Market

+. .. bToWHeT, chalrman OF the
American Smelling & Refining finance
committee, said at the annual meeting
Of stockholders on Wednesday. that the
copper industry is now passing through
the worst depression in its MIS-
tory. Incidents arise every day to
bear out the truth Of this statement.
One narrated yesterday had to do with
the sale of a round lot of 1,25O,0OO
pounds at the market. The seller, who
lived in New England city, offered
the metal at 1914 cents pound, but
there was no bid He finally had to
be content with IL cents, which he
claimed was below the cost of the cop
per at the refinery
New-York tribune., 1921-04-09
Swiss Bank Rate Down

Bankers were inclined yesterday to
view the reduction in the minimum
discount rates of the Swiss National
Bank as possibly the forerunner of
similar action on the part of some
Of the other state banks on the other
side. They had in mind the Bank Of
England In particular, although it was
thought that perhaps the tangled labor
situa ION in Britain might postpone
downward revision for a time. The
Swiss Bank cut it's minimum rate from
to 4 z per cent and its rate on ad-
vances against securities from to
8 p per cent.
New-York tribune., 1921-04-09

Arbitrators Adjourn as Time
Expires Without Fixing Price

MONTREAL, April S.-After sltting
for forty-iive days the arbitration
board appointed by the Dominion gov
ernment TO fix the price to be paid foI
the Grand Trunk Railways stock 10
connection with government acquisi-
tion of the road adjourned to-day, IS
the time limit for the inquiry expired
The case for the Grand Trunk mss
been practically completed, but no evi-
dence for the government has been SUD-
nitted Continuation of the hearing,
cannot be undertaken without fornsi
uthorization from Ottawa
New-York tribune., 1921-04-09
Sinclair Consolidated

The Sinclair Consolidated Oil Corpo-
ration established new high record
for exports out of Mexico during
March, when the total was 1,126,298
barrels. All of this was Panuco oil. A
large part of the oil produced from
these holdings last month went into
pipeline terminal storage. In the
Southern fields the amount sold from
the company's light oil production was
! ,0o9, $3.50 barrels. This did not include
any production Of the Mexican Seaboard
Oil Company, an affiliated concern.
New-York tribune., 1921-04-09
Curb Market
Prices Follow
Trend ON Exchange
Selling on Unfavorable Char
acter of British Strike
News; Durant Motors
Reacts, Then Receivers

Prices on the Broad Street curb
market yesterday followed generally
the trend on the "big board" and
losses at the close outnumbered the
gains. Industrials, motors and metal
shares were all heavy. Durant Motors
receded to 20h, but by the close had
regained practically all its earlier
loss.
Some selling broke out in United Re-
tail Candy. but supporting orders ap-
peared on the decline. Trading IN the
general list, however, was not heavy,
which was considered significant IN
view of the unfavorable strike news
from abroad.
New-York tribune., 1921-04-09
Scrutinizing Agricultural Loans

The Federal Reserve Bank OF Kansas
City is putting in force more stringent
regulations in accepting from member
banks unsecured notes of farmers and
stock men for discount. Under the new
arrangement the bank requires fnan-
cial statements of the makers when
the credit extended to farmers or
stock men individually equals or ex-
ceeds $500. Heretofore the bank ac-
cepted from vembers unsecured notes
of farmers and stock men without
financial statements when the amount
loaned did not exceed 10 per cent of
the member banks capital, or $4,000.
The change in policy is due to the
unsatisfactory credit conditions exist
ing in the crop belt of the Middle West.
where the farmer has been hard hit by
the fall in prices OF agricultural
products.
New-York tribune., 1921-04-09
Central Leather

The Central Leather Company's re-
port for the March quarter is due to be
published next week and, according to
reports in the Street, it will show an
other heavy deficit. In one quarter it
was estimated that the loss after all
charges would run as high as $4,000,o00.
Despite the big deficit accumulated in
1920 Central Leather directors continue
to pay dividends on the preferred stock.
The question now uppermost in the
minds Of both spectators and inves-
tors is whether the regular rate will be
continued if the company keeps on re-
porting deficits.
New-York tribune., 1921-04-09

GALVESTON, Tex, April s.eEieht
times as much wheat was reported
through Galveston during March as
compared with the same month last
year, according to figures made pub
lie to-day by the Galveston Cotton Ex-
change and Board of Trade. Total
shipment; of grain amounted to
) 025, 1872 bushels.
New-York tribune., 1921-04-09
Associated Oil Income Higher

The Associated OH Company AMI
proprietary companies for the year
ended December 81, 1920, reported a
surplus after charges and Federal
taxes amounting to $S,SO7.7 .71s, equiva-
lent to $2215 a share on S39,755, ,634
outstanding stock. This compared with
$l5.27 q share earned on $50, ,756, ,085
stock in 1919. Total income last year
was $5l,961 ,2a9, contrasted with $685.
521,167 for 1919.
New-York tribune., 1921-04-09
Yesterday. Year agt
The Dollar in Foreign Exchange

A break of ga cents in the pound
sterling yesterday was the foreign ex-
change markets reaction to the un-
favorable strike news from London.
The decline carried sterling sight
drafts from 1891 to $3.88A.
The other exchanges were easier, in
sympathy with sterling Paris francs
dropping from 7.085 cents to 7.O2.
New-York tribune., 1921-04-09
London Money Market

LONDON, April S.--Bar silver. 333sd
an ounce; bar gold, 104s lid; money.
5A per cent. Discount rates: Short
pills, z per cent; three months bills.
6M (a6 3-l6 per cent. Gold premium at
Lisbon, 14O.
New-York tribune., 1921-04-09
British Cotton Statistics

LIVERPOOL, April 8.-Weekly cotton
statistics: Imports $4,000 bales, Amer
lean $4,000; stocks 1901 900, American
6S6,000; forwarded $4,000. American
10000; exports 1000, American 5,ooo;
sales 10000, American $4,000.
New-York tribune., 1921-04-09
Paris Market Quiet

PARIS, April s.-Trading was quiet
on the Bourse to-day. Three per cent
rentes, Sc francs 10 centimes; ex-
change on London, SIS francs 20 cen
times; o per cent loan, S3 francs 95
cehtimes. The dollar was quoted at ii
francs 101a centimes.
New-York tribune., 1921-04-09
Bid and Asked

Following are the closing bid and
asked quotations of stocks listed on the
Stock Exchange in which there were
no transactions Yesterday:
New-York tribune., 1921-04-09

Bid. Asked
Ad Rumely pf. iys4 81
Air Ked,:rt ... 34ls So
A A Cables. l031a llu
Alliance Real. 40
Am AS Ch pf. 72is "A
Am Bk Note. II SO
do pf .... A. i9i.
Am Bt Sug pf % IS
Am b 5 l. F.. 4sA 81
dc pf ...... 50 %
Am Can pf. S2ia S3l.
Am c 4 + pf ll0A 49,
Am Chicle -. II. ~
Am Cot Oil pf oS Go
Am Exp .....l2l l27
Am II \ L.. SO 9
Am Ice pf. .. 81 .. u
Am La France ga 10
Am Lin Oil pf 50 So
Am Loco pf. lo6is lo7l.
Am Malt d G ~ 80
Am SIR w A 6S Jd
Am Snuff -. l0l l04
do pf ...-.. 1914 S5
AT Stl + pf. 50 so
Am SUN T pf s34 s5i.
Am TEL & c.. 90 5r
Am w z pr. II 31h
Am z & l.. % rs
Ann Arbor. .. sie l5
do pt ..,... IL 25
Assets Real. ., "a 3
A ID G I'd pf 80 so
Al Cost L.. so 81
Atlantic Ref 900 go
do NJ ...,..l07 l09&
All Tack 49,. ~ Is
Aust Nichols. 92 10
do pf ..... 60 6S
Auto $ c.. ~ !
do pf ..... . l4l.
Barnett Leath. 81 81
do pf ..... 20 so
Barnsdall .... IS
do X .... 96ss 271s
Beech Crcea "a
do pf n 1881 l0S
Brhlyn Elbcn 81 8,
Brown Shoe. . 50 40
do Of ...... - ~
New-York tribune., 1921-04-09
Standard Oils
Sales

Sales Open High Low Last
20" Q" %Anglo-A r, 1 Am An, Oil isA ~ ~ w
70 *iil Pipe Line. .175 10 rs 10 Is
soo*S o of Ind. 10 69'3 6o7s
New-York tribune., 1921-04-09

RiI Aslsei
Be,h steei an ai
Buff II 4 +. Gy ~ -
dnspf On
Ruff a Suso Yo 50
DO nf Al a.
Bnrns Hrcs nf mi 1io
Rush 're,1, ~ iaV Inn
Canada sn,,th 20 a. A.
Ice,t1lo OH lax iSsl
rsse Plow - q
case i l Df Ss oo
/ {. r r or < Ilso 5no
Cert Corn 20 40
do is. NJ "a so
do "a NJ n 70,
chic a XII n, II n0N
& e. y M nf ~
& X a. O 1os
G 81 p NJ 4 - Xxx e,
do NJ S0 VS
cC7c e. s, 7. AZ 40
do NJ Soss 80 @
rlere A. pins k S5
Cluett- peab NJ SO ~
Col = & + S-is 90
do pf 100 ms
Col & S Isl of n sax
do I'd pf. 4S *
Col Graph pr. 42,s 4j
New-York tribune., 1921-04-09
Money and Credit

The effect OF Withdrawals of funds
On deposit here by interior banks was
again seen yesterday when the call
money rate, after renewing at per
cent, advanced in the afternoon to
per cent Brokers pointed out that the
supply of money for stock market pur-
poses is still governed largely by
banks outside of New York. When
the call rate is low they withdraw their
funds to invest them in acceptances
and commercial paper paying a higher
rate.
Yesterday. Year ago.
On mixed collateral. 49,. 6
On industrial collateral.
Time money (mixed collaterap
sixty days ...... 61a@7 sGsis
Ninety days ......... Ss1lsa1 ssgssli$
Four months 49,. 61s@z sa81
Four TO six months. 6laM7 S(dS F2
Bank Cleari rings-Bank clearings at
New York yesterday were; Exchanges,
$685. ,277,719; balances, SAG ,929,541.
silver-London. 33asd; New York,
domestic, bar. 991sc; foreign 57Ssc,
Mexican dollars, 441sc.
New-York tribune., 1921-04-09
German Internal Ronds
Wheat ShiDments Jump

.nlisted. tSells cents Per share.
The Ontario Argus. (Ontario, Or.) 1???-1947, 1921-04-07
BE AN INTERNATIONAL FARMER
What an Experienced Farmer
KnO US

Any farmer OF experience tell long his
farm machinery will run before the parts that need re-
placement wh wear out Tn ee include, with many Others
shares shoves guards, knives sections blades teeth etc
The Ontario Argus. (Ontario, Or.) 1???-1947, 1921-04-07
CONVICT PREFERS A PERFUMED
REVENGE TO CRUDE VIOLENCE

Killing was too inartistic " re-
yenge "a take upon the woman who
was threatening his daughters hap
piness, according to "HeliotropC
Harry. lie favored something more
subtle, something that would inspire
terror without involving even the
laying on OF a hand.
SO "Heliotrope", the convict, the
ex-''lifer". concocted a scheme OF re-
yenge maryelously clever and uncan-
nily effective Just a whiff OF hell
otrope perfume-that was all that
was needed TO bring hardened
woman. the aocomplice OF gangsters
aud crooks. groyeling TO his feet
How? And Why?
The answers will be found at the
Majestic Theatre next Sunday and
Monday, when "Heliotrope", the
latest Cosmopolitan photoplay, will
be shown. The picture was adopted
from a story by Richard Washburn
Child. frederick Burton, Wilfred
Lytell, Diana Allen and Julia
swayne Gordon play the chief roles.
The Ontario Argus. (Ontario, Or.) 1???-1947, 1921-04-07
FORMER UNITARIAN TO
RUN STARCH FACTORY
A Won Rcadcn With Associate To
Open Plant at Gresham for Man
ufncturc Of Starch Says
Gresham outlook

A. Won Readen, who until a year
or so ago was resident OF the
Cairo region, southwest of Ontario
with an associate MAS undertaken
the manufacture of starch at fac
tory in Gresham, near Portland, ac-
cording to the Gresham outlook, n
copy of which was received by the
Argus this week. In telling of the
new industry the outlook says:
A. Won Readen and ]. WyCarroll.
of Portland, have become interested
In the Northwest Potato Starch &
Milling company and are preparing
to open the factory at Gresham and
make II productive this year. j. +.
Griffith. who understands the Ger.
man method of starch manufacture
probably better than anyone else In
this part of the country. will have
charge Of the manufacturing end OF
the plant. The new men are great
ly interested in the factory. see its
possibilities and are backing up
their interest by substantial invest
ments. ]. A. Turner was in Gres-
ham early this week with Mr. Van
Readen making the latter acquaint-
ed with the locality. Mr.. Won
Readen has been a successful east.
ern oregon farmer and thinks Gres-
ham is an admirable location for n
starch plant and Is taking up the
business as financial manager with
oreditablc enthusiasm. lie states
that Mr.. Carroll is to have charge
OF the sales department. In connec-
tlon with the new Investment ar
rangements have been made for adj
yauces on credits by a Portland
bank.
Additions are being made to the
machinery. Three new tubs and
belt dryer are being installed which
will enable the plant to conserve
more OF the valuable contents Of
the potato In the way OF potato flour
and starch.
II is expected to start the wheels
turning early next week. Farmers
will be solicited for their Gull pota-
toes. OF which there are quantities In
the country, and the plant expects
a run lasting nearly three months.
The factory has been In financial
straits for about year but adj
Iustments have been made to satisfy
all concerned and the factory now
starts up with every assurance OF
permanent and successful opera
tion.
The Ontario Argus. (Ontario, Or.) 1???-1947, 1921-04-07
LOCAL PRODUCT SHOW
ATTRACTS ATTENTION
Boyer Bros. Window Displays and
Food Demonstrations Call Atten-
tlon To Possibilities of This
Region Graphically

One OF the best and most varied
displays ever shown In an Ontario
institution was the Snake River Val
ley products show which was pre-
sented by Boyer Brothers Saturday
to Tuesday.
All OF the windows on the oregon
street and on the California street
sides of the store were replete with
evidences OF what this region can
produce. From seed grains TO flour
there were samples of the products,
as well as from concrete pipe to
babies pictures and from canned
fruits to bakery bread and pastry
Many people stopped to view the
displays and taste the samples offer
ed by the demonstrators and both
what they saw and what they tasted
pleased.