davidaulloa/AmericanStories huggingface dataset:
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1921-02-18

C. c. Laton was a passenger
for Roswell Thursday.
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1921-02-18

P. E. McCarter spent Sunday
and Monday at home.
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1921-02-18

Mr.. and Mrs. Clary from Ten
nessee have located in Boaz for
a short time.
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1921-02-18

John Howell and Dave Miller
were Elida visitors yesterday.
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1921-02-18

N. w. Harrell spent a few
days in Roswell last week.
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1921-02-18

B. ". Newlin and family
spent Sunday at their ranch.
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1921-02-18

James Brawley came in last
week from Oklahoma to make
final proof on his homestead.
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1921-02-18
HAROLD HURD.

RoswELL, n. u.
Attorney.
PFaStIOIns before all Courts
kspeeiaI attention to United
States Land OHice proceed
inRs.
office First Nst'o"sr Bank uIds.
a-A4A " nnnnh,1rrnMMrl
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-04-16
EMERGENCY TARIFF.
LAW PASSES HOUSE.
BY 269-112 VOTE.
PARTY LINES CLOSELY DRAWN
WHEN MEASURE is PUT TO
TEST ADOPTION FOLLOWS
FlVE.HouR DEBATE.

Washington, d. C., April tG.-Witl,
party lines closely drawn the house
last night passed the emergency tar
if bill by a vote of 800 to ll2, with
two recorded as present Half doz-
en- republicans voted against the bill
and nearly dozen democrats sup
ported it, but the defections on both
sides we're fewer than when the meas
ure was under consideration in the
last session.
Action on the bill came at the end
of five hours consideration Of the
various sections under the five minute
rule.
Numerous amendments were offer,
ed by the democrats and few by re.
publicans, but all were voted down
upon the insistcnce OF Chairman Ford
ney OF the ways and means commit
tee, who declared that the only
chance for enactment of the measure
in the senate lay in making no chang
es from the form in which It was pre-.
viousIy approved by the upper
branch.
His admission that the bill had
been prepared in accordance with
wishes of senate leaders gave the
democrats a chance to make political
capital. Representative Garner OF
Texas declaring that never in his
eighteen years experience had he
heard an admission rcfeCting so
much upon the membership Of the
house
The bill as passed provides increas.
ed rates Of duty on a score of differ
ent agricultural commodities, this
portion of the measure being Identical
with the bill as voted by former Presi-N
dent Wilson. The new parts Of the
bill which may cause some difficulty
in the senate are anti-dumping pro
visions, designed to prevent the sale
of foreign goods below the fair value
in the home country, as a means of
destroying American industries, and
a provision for the regulation OF for
eign exchange
The ant-dumpng provisions and
the scheme to regulate foreign eX
change apply to the present Under,
wood act, as well as to the rates Of
duty provided in the new emergency
ceasure, Under the scheme to TeglI.
late foreign exchange, collectors OF
customs in computing import duties
will consider that no foreign currency
has deprecated in value more than
6G % per cent, the effect Of this he,
ing to boost import duties on goods
from Germany 500 per cent This is
designed as a temporary measure to
remain in effect only until the per
manent tariff bill is enacted into
law, the present plan being to incor.
porate in the permanent bIl a provs,
ion for the basing of import duties on
the American valuation instead OF
the present foreign value. thus elim.l
mating the foreign exchange factor.
Republicans voting against the bill /
on the final roll call included Repre- |
sentatives Ansorge, Perlman and
Siegel Of New York Luce and Think |
ham OF Massachusetts, and Keller of |
Minnesota
Democrats supporting the bill in |
cluded Representatives Lazaro. Mar
tin, Favret, and DupTe Of Louisiana, /
their support being due to the pro
lection given sugar in the bill Hubs,
peth of Texas Clark and SmjthWick /
of Florida, Leo OF California, and
Campbell Of Pennsylvania,
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-04-16
GIINGltANS.

1000 yards standard quality apron
check gingham8 at l2lc.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-04-16
HOSE.

SO dozen pure silk and fibre Hose, good,
heavy quality, comes in black, brown and
.hite, CSC value, 69c
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-04-16
MAY REDUCE MEXICAN
ARMY TO $4,000

Mexico City, April 16.--Reduction
of the Mexican standing army to So.
ooC men hy March 81, 1922, is pro
posed in a project submitted to the
chamber Of deputies by President
OhreEou
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-04-16
RIBBON.

All silk tafteta Hair Bow Ribbons, 5 in.
wide, come in all the new spring shades, all
fancies, SOC value at 29c
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-04-16

Try Want AID in the Fra9 ~~ader
Journal for Quick Results.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-04-16
TURKISH TOWELS.

SO dozen heavy bleached Turkish Tow
els I6x38, hcmmcd and fringed, bargain
at SC.
New-York tribune., 1921-03-31
Doctor to Ynv ess ss. COO . YA.r

Nuestion~--I am able by ecr.sr,st,v,
tI,tnre two ssi,ar., 70 NV, Nv. mcdestly and educate
ana save for Investment about IL coo
ssar. s.a dssirs Investments that viii ~.
sSes sSsw : minimum, OF my time ana though
IN your column. I want hoidinrs th.t VIII
oe non.callabie or be unlikely 10 fnatur,
wa van. 'sss ss,s,y 70 isss 49, and upward thint
s,h.e,q-say. ,hq sss to about per centcNor
snres -fourths OF my purchase. and a some
shou, mSr ,rsssr na.y, safety and higher yield or
spesula,ion, but reasonabl. invsstmen ,,n'
With With batter chance TOR higher return a,
rs..n ,usn service common. n this seem.
sevsrsi such, that might r purchase "s q, a.
iunds Sds become available? My holdings 70
7ass gay are sS shares Standard oil OF New
rork Ts Kingdom OF Norway IS. lass
easy OF rhristtanta So, 1915; Massey -Har.
r's & ss, tsac; Sinclair Consolidated Oil 7ss
"a vs. 1855 Consolidated Motors IS 1895
nirElnia Carolina Chemical 7hs. 1ssa
Shersaon sh, ,rccsntly issued bond) SIS.
to diversity: tal Would You advis. met me I,
sell any that have? tb) Give informs
snd ZION ss an several railways. both cansdar
trials VS. utilities td5 Would YOU i be s"u". sonS
enough 10 have list made up In re
qusnce to guilds me in diversified ana wei
any OF my present holdings IL YOU con.
slider them safe. Would YOU advise mo :,
norr"w on part OF my bonds at per cent
10 purchase more now'-Dr. W. J.. NJ.
Answer-We would not advise yor
20 sell any of the securities that yo,
nave. Ihey have varying degrees ot
SAFETY ana the Cities Service stock is
speculative, but your letter shows yo,
understand that. We think Crane
Trunk Railway of Canada 61a per cent
equipment trust series F. dated Feb
l. 1921, due 1885, selling at a price
to yield SOS per cent, is a good in.
vestment. 1t is one OF the few fairl,
long term bonds that is non-callable
Pennsylvania Railroad 61s per cent
secured notes, due 1886, selling at 3
price to yield, if held till maturity
o:s5, are good investment and are
also non-callable. Canadian Northern
Z per cent debenture bonds, due 1910
selling at a price to yield about $50
cannot be called before Dec. /, 1895
and then only as whole at 1927 ane
interest. They are guaranteed by the
Chicago & st. Louis second mortgage
per cent 1881 are we'll secured ant
are selling at prices to yield Z pei
cent. We think that the public utili.
ties have had such hard time in the
last few years that it is unlikely that
the next few years will be as bad
Sentiment pretty generally seems tt
have changed and the public are show
ing Willingness to permit fares that
will return interest on the inve estment
The holding company device makes i,
hard to follow earnings accurately. Sc
many industrials had had to finance
these accumulated current liabilitie.
in the last year that their recently is.
sued securities are selling lower thar
they will be likely to do after they
have become more securely distributed
The following illustrates the princi
pie of diversified investment: Liberty
bonds, United States Steel S. +. 5 pei
cent, due 1858, yielding $50 per cent;
Chicago, Burlington & Quincy Railroad
ing So; United Kingdom Of Greal
New-York tribune., 1921-03-31
Wants Her Rail issues Rated

Cuestion~-i would value your op,nior or
tne io'tcwtng railroad bonds. both ss to
secur'ty OF principal and interest and mar.
1859; Chicago. Milwaukee e. ST. Paul COW.
vertible 6s, 2oit; Illinois Central refunSinr
~. 1906; Kansas City Southern refund u :
-, 1850; Missouri Pacific general a. ia;s.
New York Central refundtns 4i4s pnts
and and Westcrn Maryland first As. 1855
Answer-All Of the bonds YOU name
have marketahility, and the Illinois
Central and New York Central are HIGH
grade, in our opinion. The CHICAGO
Great Western is weak road. but tx
first mortgage bonds are considered
fairly sound. The Chicago, Milwaukee
e. st. Paul in the last few years has
had to pass its dividends on both COM
mon and preferred stock. The bonds
OF the company, however, are consid =
cred good investments. The Missouri
Pacific is a weak road, but if the rail
read situation as whole turns out to
be satisfactory the general 4s, due 1875,
should be safe. Kansas City Southern
is one of the stronger Southwestern
roads, and we consider it's refundinp
mortgage 5s, due 1850. as fair in
vestment. The Western Maryland As,
notwithstanding the fact that the com,
pany has not been showing satisfactory
earnings, are first mortgage on an alb
solutely essential coal carrying rail
road and in our opinion are a very
fair investment, with safety of princi-
pal and fair safety of interest.
New-York tribune., 1921-03-31
]. S. Smelling Deficit
After Dividends $548. .526

The United States Smelling, Refin-
hg Mining Company reported net
for the year ended December 81, after
charges, depreciation and after re-
duction Of inventory to market prices.
Of s2,a09,274, equal, after preferred
dividends 20 s3.44 a share earned on
the s17,555,750 common stock at $50
par value. This compared to a net in
1919, after all charges and Federal
nxes for both 1918 and 1919, of $s,641,-
~, OF s14.07 a share earned on COM
mon after preferred dividends were
paid. Deficit amounted to s54s,526,
contrasted with surplus of s3,0o7, ,857.
President Rice, in his remarks to
stockholders, said in part: Continued
high operation costs, heavy shrinkage
IN prices of metals during latter part
Of the year and resulting curtailment
Of custom ore production resulted in
unsatisfactory operations at your
metal mines, smelters and refinery in
this country"
New-York tribune., 1921-03-31
Retail Dehation
Told in Report of
Asso. Dry Goods
Cash OH Hand Increased by
100000 and Goods Or
dered Reduced Sharply
i'm Year, Statement Shows

The Associated Dry Goods Corpora
tion, which has large interest in
Lord & Tsylor's and owns outright
James McCreery l. Co., Hane & Co.,
and five other retail dry goods stores,
had. at the end Of 1920 liabilities for
goods on order amounting to only
S1,365,982, as compared with $9,204, 795
at the beginning Of the year. <
Earnings before provision for Fed
eral taxes amounted to $1,s3l,92S, as
compared with S4276,5ss in 1919 In
other words, the company has. during
1920. apparently completely liquidated
Its losses, due to the drop in retail
nor the subsidiary com mpanies had any
bank loans ut the end of 1920 The
parent company and the seven stores
wholly owned had $2.527,24 cash on
hand December 81, 1920, as against
Sl,746,11s. December 81, 1919. In the
above statements Lord & Taylor earn
ings do not appear.
Since the Associated Dry Goods Cor
poration does not own the entire stock
O hat company it's income account
and balance sheet are not combined
with that Of the Associated company.
The income account and balance sheet,
however, of the Associated company
is typical of the Lord & Taylor situ-
alton also. and mention is made in the
Associated company's report Of the
fact that Lord g. Taylor during the
year made a. payment of $150,000 to
reduce the principal amount of L. & T.
debenture bond issue, all of which is
owned by the Associated company
Another payment of 100000 was
made in February, 1921, and thus the
indebtedness, which was originally
S5,000,000, has now been reduced to
$5oooo0. The Associated company has
outstanding s1a,sls, 700 first preferred, i,
and $6.725,500 second preferred and
S149s5, 900 common. The net profit for
the year was S1,916,569, and from this
s per cent dividends were paid on the
first preferred, per cent on the Sec
ond preferred and 3 per cent on the
common, calling for a total of s1,749,-
dS7
New-York tribune., 1921-03-31
ss,clair Oil Net
Earnings in 1920
Equal to LAP. C.
t.depreciated Assets Valued
Il More Than 500 Share.
According to Statement;
Gross Receipts Make Gain

s;cce the formation of the Sinclair
ds,solidsted Oil Cooperation in 1915
I. fatal amount invested in the prop
.yv Of this company, its subsidiaries
q It's investment in securities of
..s.r companies has been Sia1 .472 900,
80 the amount loaned to the company
"a as present represented by out
's..rd;nr fixed interest bearing securi-
T. Of sS,TlS,oeo. or a grand total of
ssis ls5. 900. On this total investment
&. company earned net in 1920 $685.
ssanDo. after the payment of operating
.rpenses. maintenance and ordinary
.ysx. This is at the rate of 14.5 per
..rf or the total investment.
Ths investment is represented by
,ssstans.ing interest bearing securities
y s5s.TfS,G00 and by 100000 shares
.sno par value stock. Total assets of
IA company as Of December 81, 1920,
s.rs carried on the balance sheet at
ssss,5o 600 Subtractiug from this the
ice value Of outstanding interest bear
e securities and the total of current
lslilities and estimated Federal taxes.
,a,re is as an equity for the 3,910, 900
atarea OF 81 4, ,OoU,SlS. he average &
bare is therefore $40.
The management has set up as liza
,ilisy 8 total of SAG 100000 reserves.
ACCEPTING the management's establish
usnt Of these reserves as an indica-
An OF its belief that an actual depre-
,atior has taken place in assets equal
so this amount, the undepreciated as
,s.s Of the company average over $50
share.
During the year the company de-
dared a dividend payable in common
stock. This called for the issue of
skout $4,000 additional shares of
stock, valued for purposes of the divi-
dend, in accordance with income tax
law provision, at SIS a share.
Two important steps were taken dur
ins the year to expand the foreign
markets of the company. A large in
hrest in the Compagnie Industrielle
dss Petroles was bought. This is the
largest and oldest petroleum sales
tompany in France. The Sudan Freres,
q! Client, was bought, giving the Sin
clair an old and established selling
business in Belgium.
New-York tribune., 1921-03-31

leans RailFay and Light Company general
mortgage IA per cent bonds will be paid
on and after March 81 upon presentation
at the New York Trust Company. New
Trust Company. New Orleans In add-
tion to the face amount OF the coupons, c8
cents interest thereon will be paid.
The American Exchange National Bank
has been appointed trustee for the rev
sl.ooo,0oo twenty y-dve-year general mort
gage IA per cent gold bonds. Series A,
due March !, 1876, OF tho Denver Gas and
Electric Company.
The board of the New Jersey Zinc Com
pany. at a meeting yesterday. declared out
of surplus dividend OF per cent, paya-
bic May 10 10 stockholders of record April
80. and dividend OF per cent payable
August 10 to stockholders of record July 80.
New-York tribune., 1921-03-31
Labor Liquidation
Shown i'm Railroad
Earnings Reports
Decrease of $40, 600, 900 in
Operating Expenses in
February Effected by Cuts
in Pay Rolls, 1t Is Believed

Inc policy OF the railroads in cutting
down their operating expenses nv
wholesale laying off of workers Is re-
vea'ed in the February statements of
'hose companies which have already re-
ported to the Interstate Commerce
Commission the results of that month.
io'al revenues of sixty-nine report
'ng noads, having an aggregate MILEAGE
or eo,526, were S161.011 ,963. contrasted
with $16s,410,o93 in February. 1890
winch was the last month of govern
ment operation. February operating
expenses, however, totaled $154 mi,
against $l64,440,43o year ago, the de
crease Of approximately $4,000, 900
peing caused largely through a reduc
aon IN the pay roll.
=, After all charges against operation
the February, 1921. deficit was s2.s55.-
u4o' contrasted with a deficit the cor
responding month of last year amount
ing to S4,52l ,78s. While a fair COM
parison with January is out of the
question, because of the different roads
reporting, it is predicted that the to-
tal results of the first two months of
the year will be favorable to February.
because of the economies in operation
mentioned.
Complete tabulations of January re-
ports received by the Interstate Com
merce Commission showed that car
rIers in that month suffered deficit of
Sl,l67 800, while 100 out of 202 roads
reporting to the commission failed to
earn their expenses and taxes, COM
pared with SO in December.
AS result of this deficit the car
riers failed by Se8,439.s0O. or approx
mately 1902 per cent, to earn the amount
which it was estim ated they would
earn under the increased rates fixed by
the |. c. c. in accordance with the
transportation act.
Net operating income of the carriers
for the five months beginning Septem-
Der l last, when the governments guar
anty period ended, was 1926, 900,
which would be at the annual rate of
return on their tentative valuation of
2.S4 per cent. For the first four months
net operating income was at the an
nual rate of $40 per cent.
Earnings statements of railroads an
nounced yesterday, showing changes
from the corresponding periods of last
year, follow:
New-York tribune., 1921-03-31
STORAGE NOTICES
J. & J. W. WILLIAMS, Carpet Cleaning,
353 WEST 9TH 81. NEW YORK

To Mr.: or Mrs, or Miss HANNAH,
" SggCNNE ELL, NAE TINE. HULLlCK,
STRAUSS. JOHNSON. RYAN. VAIL AB-
B0TT, DEACON. DIAMONDSTE1N, GAFF-
NEN. REYONLDS, BROCKMAN, KEMP
THAL, KURNER, FISHER RUSSELL.
NORDEN, DUGAS. RIBERAU. HOLTON.
McGJSHlN. JACOBS, SHALER. CURRIE.
A!BERT URQUHART. JACORD, BYRD,
r BlE.NsTEIN, BLAIR. NEW ROCK.
BERG; GREEN. BURNS. BROWNE, LEVY,
lLl.l JAMS, MONAS, KIRCHOFF:
on are hereby notified that the time
Tor payment of the lien hold upon your
carpets and rugs, stored by you in our
has been given you, such property will be
soid @ al pubic auction on Monday April 1S
~ at 80 a. M, at Floyd Grant & Co s
Auction Rooms. T76 Tth av. New York CITY,
unless charges are paid before.
j. & ]. ". WILLIAMS
New-York tribune., 1921-03-31
Financial Items

The Bankers Trust Company has opened
Hs second uptown Office at Fifty Sc venth
street and Madison Avenue. Officers of
tals branch include Colonel Hugh Fl. Nc
Gee. vice ce-president and Clifford Wilnurt
ane Ranald IT, Macdonald jr-. assistant
trsasurers. with complete staff to handle
commercial and personal banking and rem
der all trust services.
Dividend warrants on the ten-year 8 per
cent sinking fund equipment trust gold
certificates OF the Milwaulxee Electric Eai1-
way and Light Company will be paid April
az tho ofnce of Dillon, Read g. Co.. New
FORK city, and. at the holders option. at
me office of the Fidelity Trust Company
Philadelphia.
January 1. 1871. coupons on New Or
New-York tribune., 1921-03-31
His First Venture Into Bond Buvinr

Question: ask your opinion as to n.
following securities for a modest invest
nent OF about $1.5o0: Four shares Cana
dian Pacific. at IFS; $500 Barnsdall Cor
poratlon per cent year sinking fund
bonds. recent issue, at 81; $500 Adironda ack
per cent bonds. thirty-year al S7ia issued
last August or SEPTEMBER Do you CON
slider this speculative Investment, or do
you think IL might be entitled to fair
rating as to safety? The return is high
IN the Barnsdall (about s.45 per cent?
but they are recommended by reliable
nrn or investment brokers' This Is my
nrst venture In an investment outside of
Liberty bonds bought at par during the
would appreciate your opinion in the mat
ter very much.-W. L. G.
Answer-We consider Canadian Pa
cihc at 116 as an attractive semi-spec-
ulative investment. The company has
assets which are generally considered
greatly in excess of the face value of
all Of its outstanding bonds and stock.
The Barnsdall Corporation is an oil
company, and while the bond is posi-
bly, an attractive speculation, it is not
an investment where safety is a para
mount consideration. The Adirondack
Electric Power and Light per cent
bonds are we'll secured, the company
is showing good earning power, and,
furthermore, the bonds are legal in
vestment for savings banks in Rhode
Island, New Hampshire and Vermont.
New-York tribune., 1921-03-31
SUMMONS

SUPREME COURT. NEW YORK COUNTY.
AMERICAN FOREIGN BANKING COR
PoRATI0N Plaintiff, asains, LEO BoR0-
WITCH Defendant. Summons.
To the above ma med Defendant; 1@Ss
You are hereby summoned to answer thn
complaint in this action and TO serve =
copy of your answer on ,he piaintir' fxt-
forney within twenty days after the se&vc~
os this summons. exclusive OF the day OF
service. aud IN case OF your failure 70 ar
pear or answer. Judgment will be tak9h
against you by default for the relief de-
nanded in the complaint
Dated New York, February H. 1921 ~.
SIMPSON. TEACHER G. BARTLETT
Attorneys fer Plaintiff; Office and post.
Office address. G2 Cedar Street, New
York CITY. \. Y.
TO THE DEFENDNT. LEO BORovITCH.
The foregoing summons is served upon
you by publication, pursuant to the order
OF HON. NATHAN BLUR, a Justice OF
the Supreme Court OF the state Of New
York. dated the 9Th day Of March. 1921.
and iied With ths complaint IN the eaici
OF the Clerk OF the County Of New York
at the County Court House tn the Borouen
Of Manhattan. City; County and STATE c&
New York.
Dated New York March 8, 1921 ~
SIMPSON. THACHER BARTLETT
Attorneys for FiAintin; once ana port
Office address No. g. Cedar Street. Ror-
ough OF Manhattan. New York. N. y.