davidaulloa/AmericanStories huggingface dataset:
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-08-11

WANTED--Paper hanging and paint.
ing. Work guaranteed. Call Skies.
Reasonable in price. Phone 463. 11-3t.
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-08-11

Gu RENT--will furnish southeast
room. connecting bath. si2 \. bth.
Phone 1861. est.
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-08-11

WANTED-Loan OF 100000 for one
year. High interest. Box 140. 11.2t.
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-08-11
WANTED-To rent 5.room modern
house. Phone 1885. 11-3t.

WANTED-Three young men, age
1S to "a to travel with sales crew.
Salary, $125.00 for those qualifying.
Experience unnecessary. Apply Fri
day morning to 10 o'clock, to 6
y. IN. New Chickasha Hotel. Room
32. Mr.. Dull. 11-lt.
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-08-11

FOR RENT Comfortable rooms with
or without board. 427 Min. avenue.
80.
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-08-11

FOR RENT-Light housekeeping
rooms at Redora. 305 i.2 Chicka.
sha avenue. 9-dt.
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-08-11

FOR SALE-5.room modern bun.
galow just completed. Would take
good Ford az part paymeAt. Phone
5Gg.R. g-5t.
New-York tribune., 1921-04-15

The Tribune prints each day the nsa-
ttlritV dates Of all active bonds quoted
or the Neao York Stock Exchange. The
rete'm on a bond to the investor depends
upon three factors: the rate Of interest
the security bears. the market price
and the distance Of the maturity date
To figure the precise yield on q bond it
is necessary to use yield tables, but the
approximate yield can roughly be figured
out by the following formula: Divide
the closing quotation on bond into
the rate Of interest it pays, and the re-
suit qciU be the cnnual return. If the
bond is selling below par yom mast
allow also for the appreciation of the
principal. To do this subtruct the mar
kct quotation from par, or 100, and d.
vide the remainder By the number of
gears the bond has to rala before mo-
turity. For example. il per cent
bond is selling at 80 and has ten gears
to run, the annual return 7ciU be 6.66
per cent. The difference betUeem par
and the market price aoiu be 10 points.
subtracting 90 from 100. Diuiding ten
points by ten gears, the quoticnt a0ill be
1. This figure is to be added to 600,
,ohich is the annual return, and The re-
sutt 766 per cent, acill give you the ap-
prorlmate yield.
New-York tribune., 1921-04-15
Mexican Petroleum
Sells $lO,0O0,0OO
Convertible Bonds
Securities Will Be Offered
to Yield About $40 p. C..
and Will Run Is Years:
Sinking Fund Provisions

Public Offering Of an issue of $10,-
100000 ffteen-year 8 per cent convert
ible bonds Of the Mexican Petroleum
Company, Ltd, is being made to-day by
banking syndicate headed by Blair
g. Co., Inc, at 9s1z, TO yield approxi-
mately $40 per cent.
Formal announcement of the com
pletion of the financing, which has been
under negotiations for a fortnight, was
made yesterday. The bonds arc guar
anteed, principal and interest, by the
Pan American Petroleum and Trans
port Company, and are convertible
until May l, 1881, into Pan-American
"B" stock at 500 a share of $50 par
value. The issue is redeemahle in
whole during the first eight years at
107h, and during the remaining seven
years at reduction Of per cent from
this figure for each successive year.
Provision is made for a sinking fund
FOR the purchase of the bonds, begin
ming November /. 1921, sufficient to re-
tire S1,000,000 face value of the bonds
up to 102 Il. If the bonds cannot be
obtained at that price $3.50, 900 are to be
bought up to los, and if this cannot be
done 100000 are to be purchased an
nually up to 1918. If the bonds are
not available at this figure the pur-
chase Of S250,000 year is provided for
up to 1l0.
The proceeds of the issue will give
the company additional working CAPT
tai for use in development work and
the financing of oil in storage
New-York tribune., 1921-04-15
Reserue Chiefs Discuss
u. s. Credit Conditions
FROM The Tribunc's Washington Bureau

from Ihe Trt6Nhc s WdsRinUtO7l Ruredu
WASHINGTON, April 14.-Members
Of the Federal Reserve Board discussed
credit conditions to-day with repre-
sentatives of the regional banks, but
Governor Harding refused to make any
statement regarding the conference un-
til tomorrow.
Speaking of the reduction of the dis
count rate in Boston, Governor Harding
said it was a local matter that did not
forecast similar action in other dis
tricts. He explained that action in each
district would depend on the condition
of the reserves in that district He
said he didn't know whether the cut
would have any pronounced effect.
The Governor explained that less
enng in demands for loans had result
ed in an increase in reserves in Boston
to nearly 70 per cent.
New-York tribune., 1921-04-15
s Months Credit Given
Cuban Sugar Exporters
Two New York Banks in SYM
dicate Granting Not More Than
S2O.OOO.OOO at a Time

Extension of six months open
riedit to the Sugar Financing & Export
Company of Cuba, drafts under which
ere to be secured by sugar stored in
Independent warehouses in Cuba or in
process Of expectation, was announced
yesterday BY a banking syndicate,
headed by the Guaranty Trust Com
p&ny, the National City Bank and the
Royal Bank of Canada
The principal amount of the drafts
al any one time outstanding are not to
aggregate in excess of S20,000,000.
The drawings of sugar are to be
made on a basis of SO a bag and are
t, run not longer than ninety days.
Bills drawn under this credit will be
eligible for rediscount with, or pur-
chased by, Federal Reserve Banks
under the regulations of the Fedeall
Icserve Board.
New-York tribune., 1921-04-15
Radio Corporation Shows
50, 900, 900 Investment

Tho Radio Corporation of America
is the only company in this country
operating high power radio stations
communicating with other countries.
All of it's service was developed in
1920. Direct communication by wireless
is now had between the United States
and five other countries, Hawaii, japan.
England, Norway, Germany and France.
The American Telephone and Telegraph
Company has recently become a large
stocAholder in the Radio Corporation.
and the United Fruit Company is also
a stockholdem
The company has no bonded debt or
other liabilities except current operat-
ing liabilities. In the annual report
to the stockholders no income account
IS included, but balance sheet as of
December 81, 1920, shows an invest
ment Of $S,901,675 in power stations.
equipment, machinery and tools. Pat
ents, good will, etc, are carried at
$1o,l07 1852. The company has outstand
ing $l3,o25,S70 Z per cent preferred
and $9,611,392 common stock. Current
liabilities were $1,SS3,227 cash. and ac-
counts receivable were $SS1.507
New-York tribune., 1921-04-15
Cut Harvester Prices
lO +. e. Slash Based on Re.
duction in Steel Pr;cas

CHICAGO, April 14.-Basing it's ac
tlon upon the recent reduction in steel
prices announced by the United States
Steel Corporation, the Internationa al
harvester Company to-day announced
straight 10 per cent reduction on
products on which steel is the princi-
pal raw material.
"Thc reduction on steel came after
our years product had been provided
Tor and will have no bearing on the
manufacturlng cost of machines we sell
this year. the announcement explain
ed. 1T does establish 4 lower replace
ment cost, however, and serves as the
basis of price to which our custom
ers are entitled and which we are will
ing to accept
The reduction applies chiefly to har-
vcsting machines.
The company announced reductions
OF from 10 to 10 per cent in machines
made principally of wood and iron on
March 7. The announcement of to-
days cut said that the new changes
cover all machines not affected by the
March cut
New-York tribune., 1921-04-15
Days New Issues

Freeman & Co. will offer to-day
100000 par value National Steel Car
Lines Company 8 per cent equipment
trust gold certificates, series A, ma
turing from November, 1921, to May,
1927, inclusive.
These certificates represent tho
initial offer Of the National Steel Car
Lines Company. The certificates are
to be secured at approximately so per
cent of the original cost Of the equip
ment, and will be Internationally
guaranteed as to principal and interest
by the Endorsement of the Chestnut &
Smith Corporation, of Tulsa, Okla, one
of the largest manufacturcrs of blend
ed gasoline in the Mid Continent field
These certificates will be offered to net
$40 per cent.
New-York tribune., 1921-04-15
Stone & Webster
Storage Battery Earnings

Net income of the Electric Storage
Battery Company and its subsidiary,
the Willard Storage Battery Company,
for the year ended December 81, after
inventory adjustments, but before Fed
eral taxes, was S6,137,091. After de-
ducton of estimated Federal taxes the
profits equaled $23.31 a share earned
on the $19,979,325 capital stock, ac-
cording to statement issued yester-
day. Net earnings amounted to ST.
549,011, compared to s4,239,791, and
profit and loss surplus $17,466, 1872.
New-York tribune., 1921-04-15
Cerro de Pasco Copper
Surplus Equals $l.48

Surplus of the Ccrro de Pasco Cop
per Corporation and subsidiaries for
the year ended December 81, after de-
preciation, depletion and Federal taxes,
was $1,328,857, equivalent TO S1.4S a
share earned on the 1920 shares of
capital stock at no par value, accord
ing to a statement submitted to the
New York Stock Exchange yesterday.
Sales of copper, silver and gold
amounted to $12,3SS, 1913. Deficit after
dividends was $3,932,810, and profit and
loss surplus S3,2s1,97S. Cash account
stood at $1,262, Gal.
New-York tribune., 1921-04-15

Question: feel that am in need of
moro safety. regardless OF the high yields
am receiving. havo had most Of my
present holdings for some time and ne
not dependent on the dividends. only to re-
invest them I go, laying foundation
FOR rainy day. will be guided by your
recommendation on any. change that you
are; Thirty shares OF Standard Oil OF Now
Jersey preferred. 1oS fifteen shares United
states Steel preferred. 1oS: ten shares Re
public Iron and stei prcferred., 30; ten
ferred. 100: ten shares Endicott- johnson
preferred. lo3h; fifteen shares Union Pa
cfhc common. loois ten shares Atchison
common, So: twenty -fve shares Phiadei-
shares Pure OIL common a5is; twenty
shares Freeport Texas common 641a My
greatest loss is in Freeport. II you think
1T has possible chance. OF course will
funds.-J. Il. =.
Answer-Your preferred stocks are
all good investments, in our opinion.
OF the common Atchison, Union Pacific
aud Philadelphia we have little to fear,
we think, though, of course, you realize
that in case of trouble the common
stock holders bear the brunt of the loss.
That is what they are for. Pure Oil
and Freeport Texas are speculative.
The latter, a sulphur company, is
branching out into the oil business.
and it remains to be seen how it fares
We think you ought to season your
list with some bonds. They arc selling
at attractive levels now and probably
Will rise in price when money eases.
New-York tribune., 1921-04-15
Pay Dividend in Groups
Interborough Payments ON Man
haitian X. II. Irregular

Frank Hedley, president and general
manager of the Interborough Rapid
Transit Company, announced yesterday
that the dividend due April ! to hold
ers Of Manhattan Railway stock under
the terms of the lease to the INTERIOR
ough. will be paid in groups, beginning
to-day. Payments, he said, will con-
tinue in accordance with the financing
ability of the company, but it is an
ticipated that the entire dividend will
be paid during the present month.
lhls Is the first time the INTERIOR
ough has adopted such policy in
meeting the Manhattan Railway divi-
dend requirements. The last payment
of 1 Il per cent was paid in full on
January c, the funds having been OBJ
tanned nder arrangement with the
company's bankers.
New-York tribune., 1921-04-15

Roy c. Osgood. president OF the Invest :
rent Bauisers Association of America.
announced the personnel OF the railroad
securities committees of the association as
follows: Pierpont v Davies. OF the Ma
tionaI city Company, chairnan; Franklin
@ Brown OF Redmond & Co, New York !;
Yohn 6; IsroEden, OF Strother. Brogden &
CO.. Baltimore: Robert n. Cassatt. of Cas-
satt Il Co. Fhiladephis: Walter Janney.
~ Montgomery & Co, Philadelphia; r. j.
J,isnan. OF y J. I.ismap g. Co. New York :;
Everett u. Swcezy FIRST National Bank.
New York; Charles S Sargent Jr., of
Kidder Peabody d Co.. New York and
Francis A. Weld, OF White. Weld & Co,
New York Allen n. Forbes, OF Harris,
FORBES & Co. OK ofhciA
New-York tribune., 1921-04-15
Plan to Aid Cotton Planters

WASHINGTON, April IA plan to
take advantage of Allied debts to the
United States in providing means to
dispose of the Southern cotton crop
was suggested to President Harding
to-day by overnor-elect Hardwick Of
Georgia. He proposed that the United
States ask the Allied governments to
underwrite German bonds, to be ac-
cepted in payment of cotton exports
and held as securities against the war
debt,
New-York tribune., 1921-04-15
Investment
Information

Questions Of general interest to Ga
ctsfoys toill be answeycd IN this col
.snn, tn tohich case onlr initials ,si!l
De used. Others WiU be cnswered by
nsail. Address all inqu;riea, inclos-
ing stamped, addressed envelope, ts
Fsnancial Editor, The Tribune, lsk
Nassau Street, Neo York CITY.
New-York tribune., 1921-04-15
Hold Up Oil Permits

MEXICO CITY, April 14.-Permits
for the exploration and exploitation of
lands in Mexico will be with
held by the Department of Commerce
and Industry until Article 81 of the
governing sub-soil rights
in this country is given official inter
pretation, it was declared by Rafael
Zubaran Capmany, head of that de-
partment, last night.
New-York tribune., 1921-04-15

Tne American Telephone and Tele-
graph Company reported net earnings
for the quarter ended March 81, after
interest charges, of S13,O92, 1856 cquiva-
lent to S295 share earned on the
S443,5l9,100 outstanding capital stock,
compared to surplus of S13,052 ,4A6,
or $295 share earned in the CORE
spending period of the preceding year.
Total earnings amounted to S26356,-
1882, and the surplus after deduction
of dividends S4,224.24O.
New-York tribune., 1921-04-15
n. & ". Directors Reelected

ROANOKE, Va, April ii. - Stock
holders of the Norfolk & Western Rail
way Company at their annual meeting
here to-day reelected all directors, who
reelected all officers The company's
bylaws were amended so as to abolish
the Office of chairman of the board,
which Office has been vacant since the
death of L. L. johnson about two
months ago
New-York tribune., 1921-04-15
Western Union Earnings

Net income of the Western Union
Telegraph Company for the quarter
ended March 81, after deduction of in
terest on bonded debt, was $1,79S, 500,
compared to $3,566,730 earned in the
corresponding period in 1920, accord
ing to a statement made public yester-
day. Gross revenues, including divi-
dends and interest, amounted to $780,
100000, contra astcd with $29,34O,O57.
New-York tribune., 1921-04-15

LONDON, April 14.-There were 5,841
bales offered at the wool auction sales
to-day. The demand was steady and
prices were unchanged, except for in
feror crossbreds, which were easy. The
Continent took most of the Punta
Arenas brought forward. The sales will
e'cSC Tomorrow
New-York tribune., 1921-04-15

The International Cement Corpora
tion reported a surplus for the year
ended December 81, after charges and
Federal taxes, of $1,7O0,846, equal to
$6.33 a share earned on the 26S,396
shares of capital stock of no par value.
Gross sales amounted to $8,716,986 and
profit and loss surplus Sl.367.923.
New-York tribune., 1921-04-15
Victor Paige Stock Speculative

Question: have been advised to buy
stock of.the Victor Paige Motor Corpora
ton. VIII you kindly give me your opinion OF
the above company and also OF the Beadon
Service. Inc. TT. c. X.
Answer--Victor Paige Motor Com
pany stock is too speculative for in
vestment, in our opinion. There was
once time when almost any old Cor
new) motor company could make
money, but few of the best Of them
are doing SO now.
New-York tribune., 1921-04-15
Canadian Rail EXCHANGE Rate

OTTAWA, April 14-The Board of
Railway Commissioners ruled to-day
that the rate of exchange in connection
with shipments of freight between
points in Canada and the United States
from April Is to April 80, inclusive,
will be 1875 per cent. The rate Of sur
charge on international passenger bust
ness will be based on 13 per cent ex-
-ChanCo
New-York tribune., 1921-04-15
Would Retain Fruit Rules

WASHINGTON, April 14.-General
agreement of Eastern and Western
railroads that present reconsignment
rules on fruits and vegetables should
stand until February /, 1922, was ex-
pressed to-day at an Interstate Com
merce Commission hearing. Southern
roads previously had indicated their
opposition to changes that would pre-
vent unlimited reconsignment.
New-York tribune., 1921-04-15
Beech-Nut Packing Report

Net profits Of the Beech-Nut Packing
Company and affiliated corporations
for the year ended December 81, after
charges, inventory adjustments and
Federal taxes, were $500,147, according
to a statement issued yesterday. Sales
amounted to $12,O50,t1S and profit and
lnsu cnrnl,,c e. TTT T17
New-York tribune., 1921-04-15
Would Average in Anglo american

Question: purchased seventy-fve shares
OF Anglo American OIL. Ltd. at 35 and an
taking into consideration ca capitalization and
earning power, hacked by an efficient
ma ma cement. do you believe $35 share is
too high price for this stock for long
pull? Can you advise me to what extent the
recent loan of $25000.0 600 foated by this
company has benefited the affairs fnan-
cially and otherwise Of this concern? TAX
ing into consideration your reluctance to
Anglo American Oil stock in very high
class of speculative issues, do you see any
reason why ! should hesitate in acquiring
additional stock in this company al a price
around 1919? This acquisition is based OH
my willingness to take business mans
New-York tribune., 1921-04-15

Answer>We do not believe in aver
aging except under exceptional condi-
tions, and one of these conditions is
that the trader have the skill and equip
ment as we'll as the training and the
nerve necessary for success in such
operations. Therefore we are not going
to try to advise you about what to do
in the case of Anglo American Oil
Remember that your Judgment was
wrong in the first place, and it may be
wrong again. A stock like this is just
as likely to go down as up at any mo-
ment. The loan, of course, benefited
the company, but it established a large
equity which comes ahead of the stock,
and reduces earnings applicable to the
shares by the amount Of the interest
charges.
New-York tribune., 1921-04-15
Bank of France Statement

PARIS, April 1.-the weekly state
ment of the Bank of France shows the
following changes in francs:
New-York tribune., 1921-04-15

The proportion of the banks reserve
TO liability this week is 1878; last
week it was 1907. Rate of discount
per cent
New-York tribune., 1921-04-15
Bank Of Germany Statement

BERLIN, April 14.-The statement OF
the Imperial Bank of Germany as OF
April shows the following changes IN
New-York tribune., 1921-04-15
Retiring Investor Should Change
Holdings

Northern stock. desire to retire from,
business, but would like to have an Idea
first to pernanency of income. What
would you do under like conditions? I,
is tho income 1 want to be reasonably sure
of.-U. J. K.
Answcr-Your Great Northern pre-
ferred stock does not, in our opinion,
offer the stability Of income which is
necessary for q man in the position
you describe. If you sold your shares
for about $4,000 you could reinvest in
safe bonds, such as Canadian Northern
z per cent debenture, 1910; Belgian 8
per cent, New York Central, per cent
debenture, 1885, Southern Bell Tele-
phone first 5s, 1949, and Western Mary
land first 4s, 1852 Cat about $50. A
$1,000 piece of each of the five would
cost you about s4,205 and would give
you a current return OF $500. Owner
ship of stock imposes on you business
risks, and as long as you are retiring
from such concerns so far as your
personal life is concerned, we think
you should also divest yourself of in
vestment risks. Bonds offer you the
opportunity, but they yield less, Of
course.
New-York tribune., 1921-04-15
The NeWYOrk Trust COmpanv
avith z0hich is consolidated .
The Liberty National Bank
of New York

HIS consolidation has brought together long established
New York banking organizations of Similar traditions and
approximately equal dength of The
bnaon of the facilities and long acquired by each
Its particular field provides institution complete and
equipment for the transaction of all commercial banking
trust business
Ths Companys long experience in enables
to offer unsurpassed facilities for administration of all per
sonal and corporate
he Company offers corporations firms and individuals
thoroughly modern and complete commercial banking service
including highly developed credit information service which
available
The Company equipped render every banking facility
those engaged foreign trade including foreign credit ino
nation and information concerning foreign markets and
opportunities.
At of Offices listed below, officer of the Company
will be glad give prospective detailed
information regarding service.
Capital Surplus and Undivided Profits S26,00OOO0
Main Office
26 Broad Street
Liberty Office Fifth Arenue Office
I2o Broadway 9Th ST. & Fifth Ave
Nem6sx of the FedeyaI Reserze .Svsfem
New-York tribune., 1921-04-15
Bank of England Statement

LONDON. April 1.-THE weekly
statement of the Bank Of England fol-
New-York tribune., 1921-04-15
At Sea Regarding Frisco Bonds

Question-Your investment information
makes interesting reading and I have kept
the value OF st. Louis & San Francisco
Railroad bonds seem to vary. You advised
It recently for a woman--a small investor; !;
also a certain preferred stock. You have
also spoken of it a weak road and adj
vised investing otherwise. Would you
consider adjustment 6s. whatever that
means, as good an investment Series A +?
have these bonds always paid INTEREST,"
7. A.
Answer-The Frisco adjustment 6s
are not as good an investment as the
prior lien Series A OF the same road,
which are secured by underlying mort
cages. They have always paid their in
terest. We explained recently what
some of our readers thought were in
conslstencies in what we have written
about the various Frisco bond issues.
We suggest that you submit to us what
ever particular investment problems
you may have. If you try to choose for
yourself, your letter shows that you
are likely to go wong.
Woman Investor May Go to Switzerland
Question: own forty shares of National
Transit, ten shares of Telephone and Tele-
Srs ph four Rubber p9sferred ooo and four
$500 worth OF Liberty bonds and / am
thinking OF selling and investing all OF it
in Swiss per cent government bonds
Do you think ii would be unwise or un-
safe? Could you tell me if. in case went
to live in Switzerland, l could cash my
coupons over there? / constant read
Of The Tribune and would appreciate
your advice very nuch-Miss. y. 3.
Anscr - Ordinarily we would not
recommend the sale of diversified list
of good securities for purposes of in
vestment in one issue of bonds, but the
fact that you may go to Switzerland to
live would modify our opinion. We
consider the Swiss IS as one of the
safest of foreign government bonds. 1t
is free from all taxes in Switzerland.
we are informed, even if held by a
resident of Switzerland. You could
either take your bonds with you and
deposit the coupons in your bank in
Switzerland for collection or you could
leave the bonds here with one OF the
banking houses or trust companies with
instructions to cash the coupons and
send you draft at the current rate Of
exchange on u Swiss banker.
New-York tribune., 1921-04-15

notes 1921 SIS 1945
5 80. 99is intna ctfs
1929 / 80. 9eN
o -. 70 | q SO. ssis