davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22
Decline of $4,000
In Southern Pacific Net

The Southern Pacific in its report of
June earnings showed a falling off in
gross in June, 1921, of 1922 900, COM
pared with June, 1920 The company
cut maintenance expenses and thus
saved $644,000 On operating expenses,
but net amounted to only $4,917 900, a
decrease Of more than half a million,
compared with June. 1920.
This is reversal of the showing in
the first five months of 1921. For the
full six months period ended June 80
and notwithstanding the loss in June
total operating revenues amounted to
$50, 248 900, an increase of 81, 687, 600.
and net operating revenues amounted
to $50, 944,0 900 for the first six months
of 1921, an increase of 81, 1882 600 over
the corresponding six months of 1920.
There was a decrease in taxes of
over 100000 in June, 1921, so that net
railway operating income amounted to
50, l8l ,000 IN June, 1921 an increase of
$364,0o0, compared with June, 1920:
This net railway operating income
compares with $4,000 000 fer 1918. a
deficit Of s1,6240o0 in 1918, net OF
$6,204, 600 in 1917 and net of. s4.-
Te5,ooo in 1915. Figures comparing
with last year follow:
June oper. rev.. S2s, o44. 900 Dec 81 e22 600
Transport'n exp. $685. 600 Inc IT, 900
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22
Days Dealings
I'm Bonds
The Market

In the investment market the lower
ing OF the discount rate in four Reserve
banks was interpreted as an unmis-
taxable indication of the return to
easier money conditions AS result
there was moderate rise in bond
Tfices. The Improvement this month
has left many of the dealers without
wares to offer, but at least three new
offerings are imminent. Investment
bankers feel that it would be d mis-
take to increase new offerings too rap
Idly fearing that so doing would check
the improving tendencies.
Trruaortin,,s
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22

1t was said yesterday at the Office
of j. P. Morgan & Co. that the books
on the last French issue Of 71a per
cent bonds had been closed and the
entire issue sold.
]. P. Morgan & Co. bought in $685.
100000 of United Kingdom notes which
mature on Novembec next, leaving
SOD, 100000 outstanding. The right to
turn them before maturity expired
Wednesday.
One of the investment houses viii
probably announce to-day q loan to
Detroit public utility company. Two
other firms have other financing op-
erations near completion and public.
announcement will be made by next
Monday, it is expected
The American Tobacco Company VIII
on August Is pay off $685., 900 Of
Series notes due November 1. The
notes will be taken up at par and &c
crued interest from May last and /
per cent premium.
EIdredge G. Co. and Kissef. Kinnsrptt
& Co. are offering an issue Of sss3,ooe
city Of Akron, Ohio, per cent coupon
bonds, dated July /, 1924, due serialIy
July /, 1922 to 1851 inclusive. Prin-
cipal and interest are payable in New
York The bonds are being offered at
price to yield 6 per cent to $40 per
cent, according to maturity. ~
"a,
Hornblower & Weeks are Offering a
block of per cent coupon road notes
Of Rockingham County, N. C. The
yield is 6.75 per cent and the notes
are dated July 1, 1921, due July /,
1928, being exempt from all Federal
income taxes. Principal and interest
are payable semi-annualIy, June / and
December each year.
Harris, Forbes & Co. and Coffin g.
Burr, Inc, are offering new issue Of
100000 Central Maine Power Com
pany first and general mortgage per
cent gold bonds, due June 1, 1s4i, at,
e53a and interest to yield about 7.45'
per cent. The bonds have been au-
thorized by the Public Utilities Conn
mission of the State of Maine. Net
earnings of the company for the year
ended June 80 were over rs times the
annual interest charges
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22
Crude Rubber Unsettled

Unfavorable reports Of lessened ACTIVE
ity in the London and Far Eastern crude
rubber markets tended to unsettie the
local market yesterday A further
slight recession in prices on the lead.
ing standards was noted Sellers pre-
dominated in the market, but were
loath to sell at prices offered by buy
ers. Quotations on ribbed smoked.
sheets ran from lax to rs cents on
spot, compared to Is and l51a cents on
" ednesday. Prices on first iatex Offer
ings declined cent. being offered a
~ cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22
Investing Home Building Fund

Question: have $4,000 in the savings
bank and would like to increase my yield
to as near per cent possible with
safety. This amount represents the bulk
Of my savings. viii you please recon-
mend some short term securities that
would suit my purpose. as 1t is my inten-
tion to build a home with the money when
building costs come to a lower basis?--
II. P.
Answer-We do not know of any
safer form of Investment than equip
rnent trust certificates. They are listed
every day in The Tribune, and you can
choose any short maturity. They yield
close to 7 per cent We think they
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22
Exchange Seats Decline

The Stock Exchange seat of Charles
N. Morse has been sold to Morgan G.
1Iorgan for $4,000. compared with the
last previous sale of $4,000. Earlier
in the year memberships sold as high
IS 100000. The seat of Percy K
Hudson has been sold to Charles NJ.
lanes for $50. 900
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22
Ccaxing and Being coaxed Bad Policy

Question-Kindly give me your opinion
on the per cent Columbia Graphophone
notes. L was actually coaxed by sales
man Of one of the issuing houses to sub
scribe for five and to sell five s per cent
Swiss. as they had reached the peak. in
his opinion. Since then L note that the
8. per cent Swiss have gone up to los and
the per cent Columbia have no sales re-
corded. When the first break came in the
Graphophone ] spoke TO the house about
selling and was advised to hold.-H b.
Answer.-Coaxing is bad business
and being coaxed is worse. You weak
ened your investment position when
you made the swap, and now you can
either sell or take your chances on
the Graphophone note. You have come
to us for advice too late, we fear.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22

Qwestions OF generat interest TO in
vesSors tctl bc unssocred in tkis coll
ass,i, ~ selssch case only initials pill
soe used. Others seiu be anspsred b.
maa. Address all saquiriss, inc,os.
,sg stamped addressed eNvelone. TO
sssnancsal Editor, The Tribune. rsI
NASSAU Street. Ness York Citr.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22
Columbia Gas Earnings

For the twelve months ended June
b the Columbia Gas and Electric
company and subsidiary properties re-
prted net operating earnings of
IS ,230 ,454, an increase of $531, 1856 over
aa corresponding period of the pre-
sding year. Surplus amounted to
hTsS, SIS, an increase of S591,132
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22
Common Dividend Passed

Special Dispatch to The Tribune
MONTREAL, July 21.-At the meet
ing of the board of directors of the
Brompton Pulp and Paper Company
held here to-day no action was taken in
regard to the dividend on the common
stock. The previous quarterly rate was
- share, cut from S1.75.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22
Investment Information

would fit your needs admirably. You
cannot afford to take risks with money
you are going to use for home, and
We think yon are wise in holding off
that project for the present.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22
Will Invest $4,000 in Foreign Issues

Question-I would sincerely appreciate
your advice on the following matter re-
sardtng my first venture into the invest
fnent field. Regarding myself and pros
poets. would say that ! am single man.
with particular obligations prese nting
themselves with regard to the future com
fort OF my parents am salaried man
approaching the age OF forty. / have CON.
scientiously saved. leaving my money in
savings banks, but have now come TO the
conclusion that l can invest $4,000 prefer
ably in good bonds | have about all
care to carry in Liberty bonds, and
the prospects offered in various bonds
TO yield as much as per cent look very
attractive to me. The following bonds
nave been suggested to me: Kingdom of
Aelgium, Kingdom OF Norway and Repub-
lie of Chile. On account of the indust ria ls
not yielding as high rate, I have been
interested in the foreign bonds providing
that they offer the same comparative de-
gree of security. Your advice and assist
ance in this will be sincerely appreciated
There Is no reason whatever for my re-
stFiHting my choice TO the above men
TONED bonds should you advise me to in
vest my funds in any other manner
l.. w.
Answer-We think that the foreign
government bonds are an attractive in
vestment at present prices, and that
Kingdom of Belgium IS and Kingdom
of Norway IS are both good invest
ments AS third, we would suggest
United Kingdom of Great Britain 51zs.
due 1887, selling at price to yield
slightly over per cent if held to ma
turity.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22
Thinks Big Four Bond Bargain

Question--My savings are invested as
s,. VI, $1,000 Liberty thirds, $500 West
ard Oil OF New York. 1928 ~ per '4 cent
POND pond, $500 Pennsylvania . "a per cent gold
, pond. due 1870; $1,000 Union Tank Equip
81. Louis tSpringneid- Columbus divisionl
nrst mortgage ! per cent. due 1910: $500
Amoriesn Telephone and Telegraph stock !;
Total $4,000. friend informs me that
the G., G.. c. & St Louia purchased
Ia las week at rs is one OF the best underly-
ihs ponds on the market and WAS lucky
A. ID. p
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22

Whether you were lucky in
getting your Big Four springfeld-C Co
lumbus division first at rs is spec
ulative matter. 1t was down TO GS last
March and is not especially active.
There were no transactions in it the
week of July a, for instance. The i'm
rortant thing is that you have a we'll
secured bond and we do not think you
need to be concerned about week to-
week fluctuations in it's price. The rest
OF your list is excellent, we think. For
further purchases we suggest that you
consider foreign government dollar
bonds
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22
New Issue
100000
(Toai lmue)
Atlas Powder Company
Fifteen: Year z1z9a Convertible Gold Bonds
100000
(Totai lssue)
Fitteen-Year 71z9o Convertible Gold Bonds

re tex guNLo 1927
nc Aya
omnan uuaana
SaAbh il D = dat before nrtyn hryda
SINKING fund deunpn
an will retire the b.
n ~ lie oneo
ngunnuacu
It's
demnalp
Company
sale fr yeaedeaDc
nde o
asEyS15 real
Bono euanyn
a
Of a
mo" than SzNN@NU Bonds
% Financing
sooo0N ne fhmshe
% these Bonds
10 ue
tn
dahe
now sandng
OF
n of Commons asu
an wuint
January 1913 dividends the Common o
is 1annum
Price 9o1 and oyld 1907
ant Il commnsa 4a thee
W be assoc pn " Nsn
Redmond s. Go. The National City Company Brothers s. Co.
Thin. %:s 81" ".s .s s. =
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22
100000
Central Maine Power Company
NEW ISSUE
--~---.annzss<nuur


First and General Mortgage 100 Gold Bonds
Series Dated June1 Du. 1,r. ,ou
Sss during d D s years. lHs and GsR pss1 8s
1 ssh ysa3 e sssr aa H Rsss
o colony 4T c6 Baass Boston, 1s
Commission the Stat. .. Main.
so e'Da' ss not s, for
Hsssn psaa Fs c e9' s
whchsa = ~ company ~ - ~ w." % "'"s"o o" request ana
The Central Maine Power Company single comprehensive system
OF plants lines and distributing systems serving
cities and
territory served includes practically the
Portland and Bangor includes
paper shbudng
Sn!p OF ~ Of developed water power and its control Of
power streams OF the STATE The astaaons are suPpemented
By ssa ] @ an miles py aasm 10000 a and the entire
Earnings
(oi Central Maine e sndsd u so 1sz Controlled c0"p'ni'
Operating Eapsn:e Depreciation -. 1sss
Annual Interest on ss7 (ludns ..uej 1856
Balance ..-. -............s 42s24s
Not learning overt. g lime charges
reproduction property
pwar prices allowance rights
bonded debt
We mend these
Price e5M and Interest, Yielding About 7.45eo
as sspss are s ss viii .ab about Asx 9sf
Harris, Forbes s. Co Coffin & Burr, Inc
New York New York
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22
Days Nesc Issues

1t was said yesterday at the Office
of j. P. Morgan & Co. that the books
on the last French issue of III per
cent bonds had been closed and the
entire issue sold.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22

SUBSCRIPTIONS harng been received in of the Of
bonds offered this advertisement appears a of
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-22

The Tribune pssfts eaeh dag the nsn-
.hyify dates Of all aetdvs bonds quoted
The Raymer enterprise., 1921-07-07

No. Is the Roof Of the World, about Is miles
from Estes park. Here for nearly three miles the
road runs almost level at an elevation of more
than two miles over a carpet Of Alpine flowers.
Here is a panoramic view Of hundred miles.
No. shows visitor looking down into the
crater, Of Specimen mountain Q2,4s2). The Fall
River road visible in the background. now drops
past the Poudre lakes and through Miner pass
(the Continental Divide) to Grand river, five
miles away and % miles from Estes park. Here
the road turns abruptly to the south and runs
for IL miles along the Grand river to Grand lake.
No. 8 shows a glimpse of Grand lake, big and
blue and deep, surrounded by mountains, with its
hotels and summer homes and Its yacht club. 40
miles by the Fall River road from Estes park.
No. Q means trout-in Fab river, in Grand river,
in Grand lake and nearly everywhere along the
road
As the visitor speeds along lie makes his own
motion-pIctures--ever-cha changing combinations Of
scenic beauty
The Raymer enterprise., 1921-07-07

way circuit OF approximately 2S6 miles which be
gins at Denver. II puts the east and west slopes
Of northern Colorado in touch.
is sensationally scenic. Its varying elevations
suggest Its scenic possibilities: Denver. 5000
feet; Estes park, 800; Roof of the World H..
797; Miner pass. l076O: Grand river, 900; Grand
lake, S375; CRANKY. Sob; Berthoud pass II, $3.50
Thus the motorlst circles from the irrigated plains
through the foothills 10 the wilderness cloud
lands where grow the Alpine flowers beside the
everlasting snow and back to the plains, crossing
the Continental Divide twice and enjoying the
peaks lakes streams and forests of both slopes
Gobetrotters declare that this Denver circle
route is Il worldbeater. Some day Mount Evans
u4.260), with its magnificent scenic environment,
will be added to the Rocky Mountain National
park and an automobile road built to It's summit.
The Fall River road is the crowning touch of
across the black OF Rocky Mountain. The num-
erals mark l. Roof Of the World; 2, Miner Pass:
3, Grand river 4. Longs peak G4255) The
photographs reproduced give hints Of the scenic
glories
No. shows cars skirtlng Sheep lake in Horse.
shoe park about seven miles from Estes park
and near the beginning of the climb up Fall River
canyon, the lowest notch In the skyline.
No. 3 is taken from one of the six or more hair.
canyon to the Roof Of the World on q reasonable
grade. The view is back tsonth) toward Estes
park from an elevation Of $3.50 feet
The Raymer enterprise., 1921-07-07

highway through Rocky Mountain is of national
interest and Importance. Since the most popular
Of all The national parks O92o attendance: 24O.-
9G6 visitors; 50,562 private automobIIes) was es-
tablished in 1915 II has been visited by 76l,14l
people and 1882 private automobiles from every
nook and Granny Of the United States. Hitherto
only the able-bodied have been privileged to cross
through the park--on foot or horseback Now
anyone who can stand the altitude can make the
"trip by car In comfort
The opening of this road has therefore been
awaited with impatlenee by the army of national
park tourists u,05S,455 In 1920
The Fan River road is three roads In one: |,
establishes connection between Estes park and
GfnHd lake the east and west entrances to Rocky
.,aI1,ln II completes a scenic automobile high.
The Raymer enterprise., 1921-07-07
BY JOHN DICKINSON SHERMAN.
ST. = -

oIoRlNG on the Roof of the World
that is what the visitors to the
ROCKY Mountain National park are
doing this summer, For the famous
Fall River road over the Continental
Divide Is open at last. This wonder.
road climbs up l1.797 feet into the
turquoise blue Of the Colorado sky
and for several miles runs high above
timberllne-and sometimes far above
the clouds.
The completion Of this automobile
The Raymer enterprise., 1921-07-07
WESTERN FOREST FIRE
SEASON OPENS FAVORABlY

Denver.-Frequent rains have been
boon to the western forests this
spring, and the officers of the forest
service, United States Department Of
Agriculture, express themselves as
greatly relieved at escaping danger
which has been keeping them on the
anxious seat.
The danger was that If the summer
fire season came on as usual their
control Of the national forests would
be impossible with the funds available,
before July !, when new fiscal year
begins. Hence the relief that frequent
rains have kept the forests too damp
to permit dangerous conditions to be-
come general.
But the government foresters do not
consider that this Is entirely due to-
favorable weather and timely rains.
The public is becoming interested In
forest preservation, and the oft-re-
peated story Of the destruction caused
BY human carelessness 10 beginning to
make Its impression. The United
States leads all nations In forest fires.
With over 10000 fires per year, de-
stroying nearly s20,0O00OO worth Of
timber and property, this country has
the world outclassed.
Eighty per cent Of the forest fires
that occurred In the United Statse
during the past five years were due to
human carelessness. A camp fire left
burning, lighted match or cigarette
but thoughtlessly thrown aside, the for
esters say. often cause conflagrations
that take days and weeks Of hard
work to suppress. It Is for this reason
that they ask every good citizen to
adopt as part Of his daily creed the
motto Of the forest servlce-PUT
OUT, KEEP OUT, FOREST FIRES.
Washington.-A $4,000 endowment
for the establishment by the Orches-
tral Association Of Chicago of pub
lie school of music in memory of her
brother, is contained in the will of the
late Florence Lathrop Page, wife Of
Thomas Nelson Page, former ambas.
sador to Italy, filed here for probate.
II disposes Of an estate estimated at
A,5ooooo, and in addition to beouest
OF s25o,OOo and life use Of household
effects, Mr.. Page will receive one.aalt
the income from the residue of the es.
.ate during his life time, the other
half going to Mrs. Pages daughters
The Raymer enterprise., 1921-07-07
DENVER LIVE STOCK.
Cattle.

A decidedly unsatisfactory trade re.
corded in the cattle market. Supplies
have been somewhat limited. a large
percentage Of the offering being billed
through. Demand, however. Indifferent
and the movement was almost at a
standstill.
Best beef steers quoted from S7lo
to $3.50: good grades. 800 to S7.25,
with more common stock on a corre-
spending basis.
Good cows were quoted from $500 to
$40. with fair grades at $500 to $3.50.
and more common types At Sl.75 and
down.
Hegs.
A slow. draggy trade reported In the
hog market. The best hogs, choice
lightweight hogs. sold for 3S.75. Bulk
Of the offering found outlet from. s. %
to $3.50. Extreme heavies and cntout
hogs were cleared from $5.76 to SS26.
Few pigs offered. Quotations ranged
from $3.50 to S7.26.
sheep.
Trading has been slow in the sheep
market. Quotations on spring lambs
ranged up to $3.50. with ewes up to
$500 and clipped lambs up to $3.50.
The Raymer enterprise., 1921-07-07
HAY AND GRAIN PRICES.

Corn. No. 3 yellow. per cwt. .sl.0S
Corn, No. mixed. per cwt. 100
Wheat. No. !, per bushel.. .s5
Oats, per cwt..... .................. L3b
Barley. per cwt. t.................. LOS
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1921-12-24

The constitutiOnality of the CalifOr-
mia antialien land law, fOrbidding
aliens ineligible to citizenship to own
or lease agricultural land, was upheld
by a court of three federal judges at
San Francisco
Gordon Woodbury. at Manchester,
n. H., is soon to start on cruise in
the Mediterranean and the South Sea
islands on the schooner Half Moon, re-
Gently owned by the former German
emperor.
Thomas Ball, freight train cOnduc-
tor, lost both legs when he threw a
boy out of the path of train at Wich-
tia. Kan. The boy was uninjured.
Both of Balls legs were severed.
Secret service operatives in charge
of Capt Thomas I. Porter seized 3d.
OOO, 700 worth of counterfeit revenue
stamps in a raid on the third-fioOr
home of Mr.. and Mrs Emile Carlione
at Chicago.
The Oakland mill of the American
Writing Paper company has been re-
opened at Manchester, n. H.. after
having been closed for a year, All the
former employees were hired.
Membership in the Methodist Epis-
copal church increased 9O,4O4 during
the year ending December l, 1921, ac-
cording to statistics complied and an
noGnced at Chicago.
Railway repair shops are going on a
holiday schedule on many roads. The
st. Paul road will lay off 10000 men at
seven shops of the system, it is an
nounced.
Bart Amos veteran policeman al
Kokomo, Ind, was shot and seriously
wounded in a revolver battle with q
robber caught lOoting the Hupp de.
partment store. The rObber escaped.
Twenty-Five large lake steamers
were ashore on the south shore OF
Lake Erie at the port of Buffalo, N. Y,
| as a result of Sundays gale. Their
value is $14,OOO,OOO. ALI carry grain
| cargoes estimated at 100000 bushels
| and valued at over 100000.
|
Chicago was mOpped dry over the
weed-end. From the exclusive Casino
club on the lake shore to the alley
| corner saloon back Of the yards" the
hand Of the law swept the city. Som,
| $50 saloonkeepers and 600 other per
sons were taken to police cells.
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1921-12-24
Washington

Washington
France has accepted Secretary
Hughes proposal for capital ship
fleet of 10000 tons. She drops her
demand for ten modern battleshipS and
battle cruisers, says a Washington dis
patch.
The Supreme court of the United
States at Washington adjourned until
Tuesday, January 3, next.
A demand for deportation Of viola
tors of the Volstead act who are not
citizens of the United States was made
by the temperance board of the Meth
Odist Episcopal church at Washington.
Henry Ford offered to complete the
Muscle Shoals water power develop
ments at Florence, Ala, for the gov
eminent at a cost of $30,060,O00. This
offer, it was announced at Washing
ton, was $15000,0O0 under the lowest
estimate made by army engineers.
1fOnlDlJlOn dCJlNlI1eS = DN 1eueFdl
agents in Georgia have resulted in the
seizure of property during the last
month valued at $12S,607, State Di-
rector Dismuke reported to Commits
siOner Haynes at Washington.
Woodrow Wilson has a feeling of
the deepest sympathy for President
Harding in the present international
situation, it was said by a close per-
sOnal friend who had just had long
conference with him at Washington.
The demand of the French govern
ment for a naval rating higher than
Japan'S and the right to construct ten
35,00O-tOn pOst-Jutland dreadnaughts
by 1885, struck like a bOmbshell at
Washington.
Reduced rates on grain, grain prod
ucts and hay in Mississippi ter
ritory, which the carriers recently
sought to have suspended for six
months, were sustained by the inter-
state commerce commission at Wash
ingtOn and will go into effect Deem
Der 81
resignation as American member of
the international high commission at
Washington has been accepted. He
will be succeeded by Secretary
Hoover.