davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-12-24
Days Neac Issues

i syndicate headed by the First Ma
tional Bank and including the Anglo
snd LondonParis National Bank Of
San Francisco; kissel, Kinnicut & Co,
Clark, Dodge & Co.. Stacey & Bradn.
Eldredge & Co., Remick, Hodges & Co.
Redmond & Co., kountze Brothers and
Salomon Bros. & Hutzler Yesterday
received the award Of ST,000,000 State
Of California twenty-four-and-s half
year average 5 per cent highway i'm
provement bonds, sold at auction at
Sacramento. The price paid was
i@.l2a, equivalent to an average 4.39
per cent basis The issue was imme-
diately offered TO the public at 11o.52
equivalent TO an average 4.30 per cent
basis.
The Guaranty Company yesterday Of
fered at 1o3 and accrued dividend
s5.0o0.00o United Cigar Stores Com
pany OF America 7 per cent preferred
stock 1921 issue) At this price the
yield figures at $50 per cent The new
stock Will rank pari passu with the
outstanding per cent preferred stock.
Proceeds are to provide additional
working capital. The stock met with q
ready demand.
The Board of Port Commissioners Of
New Orleans has awarded to a syndi-
cate composed OF the Interstate Trust
and Banking Company. the Hibernia
Securities Company, the Marine Bank
and Trust Company, the Whitney Cen
tral National Bank and the Canal and
Commercial Savings Bank, all OF that
city, s3,500,000 thirty-six- and-a-half-
year average general Improvement and
g,SoO,O00 twenty seven n-and-a-half-year
New-York tribune., 1921-12-24
Small Denomination.

Observation-Disclosures the sale 0. sore
property 7 have acquired 81 7 would
like to invest Il ar a fair rate 81 interest
I have been a constant reader OF your in
vestment column and havs prepared n
list OF the eecCritiss I prefer Ten shares
United States Rubber first preferred, ten
nhares Philadelphia Com pany. $500 Good
year Tire S. 1881; s200 Sinclair 12s
1925; 500 American Telephone and Telo-
graph 5s 500 Pennsylvania Railroad IT,
500 United States Rubber Is, 1929; sle9
Southwestern Bell Telephone Is s1e0
Western Electric rs, 1925. I wish you
would examine this list making any
changes you think advisable. would
like to have the bonds in small dsnonlua
tions If the bonds I have listed are not
Issued tn small denominations, would you
recommend some to me trat are n. A. c.
Answer-There is certain amount
Of speculation involved in United States
Rubber first preferred under present
circumstances, we think, and PhTla-
delphia Company stock is somewhat
speculative. The Pennsylvania Rail
road Is come in $500 denominations
only. as do also the United States Rub
Der 71ss (not 7s). You would be more
conservative if you bought $500 of the
Pennsylvania ~ and only 500 OF the
Goodyear Tire, which come in 500 de-
nominations. Colorado & Southern
AIS, due 1884, come in s1oo denomina-
tions and are good Investment, in
our opinion.
New-York tribune., 1921-12-24
Anaconda Copper
Stock Offered to
Aid Brass Merger
ses l25 Unissued Shares To
Re Sold to Holders i'm Ra-
ito of l to lOHeld to Raise
Funds for New Project

:. .rser 10 raise additional cash In
.;~.d In the transaction BY which the
...eonda Copper Mining Company pro
:.,.s to acquire the business of the
,-.-;csn Brass Company the former
.aM MI osfer. through syndicate, 22S, ,I25
sNs.;ssued shares 20 it's stockholders at
ga "a a share in the ratio of one share
= ,ew stock for each Ten shares hold.
~ subscription rights so to share
.s,Ssrs of record January 5 next.
'S, Anaconda has offered $3.50 n share
- and three shares Of its stock for
ssss share of American Braes stock.
~ a. conner company has an authorized
.s,r;tai of $3.50 600, 900, divided into
s'gl saea 600 shares of $50 par. OF this
sss -sO shares are unused. Subscrip-
.:nrs 10 the new stock, which has been
~~rdsrwritten at par, are TO be made to
.ss National City Bank or or before
January IS.
IN letter to Ansconds shareh olders
x,hu D. Ryan. chairman of the board.
.srs thst the underwriting syndicate
III recsiYe the usual commission Of 5
per cent.
s.The present market quotation for
.ss stock of the Anaconda Company.
ss adds. sis below the par value. To
saske it possible to organize and COM
rjsts She syndicate under this condi-
ION it is necessary that some Of the
Sreetors should undertake part Of
.ss syndicate obligation. If the amount
i BRASS shares which may be depos-
;..d and acquired by Anaconda shall
,souirs payment in cash in excess of
he sil.65e.25o which will be realized
Al the underwritten offer of stock TO
shareholders of the company the
Tnited Metals Selling Company will
sssun,e an obligation to reimburse the
sYndieate for such excess of cash go TO
be furnished by il on or before Febru-
an 1928. with interest, and the United
Metals Selling Company will receive
rom Anaconda an equivalent Of such
ablisation IN shares Of the Brass com
uany acquired by Anaconda, valued at
$500 share, or other securities of
equal value.
A statement OF the condition OF the
American Brass Company on Septem-
ter so last showed total Of SEA 1885,
lf6 in liquid assets. The plant value,
IRON the basis OF the offer which the
Aasconds has made, represents
s2as64,S23.
New-York tribune., 1921-12-24
Bonuses Less Plentiful
In Financial District
Banks and Investment Houses Which Have Enioyed
Prosperity Recently Are Liberal, but Brokers'
Clerks Cet Only MERRY Christmas This Year

Wall Streets Christmas Ia a m,xed
anair this year The seasonal spirit as
measured by dollars distributed to the
rank and file of employees who make
mp The great bulk Of the districts ponu-
iation is not running SO high as during
the period Of war prosperity or even
year ago, when depression had taken
grip upon the business and souls Of
the community.
Blasted hopes arc chiefly the portion
OF the employees of brokerage houses.
although as the weeks passed and no
active trading developed, their expecta-
tions had been modified. Some firms
are paying bonuses, but where a dis
tribution has been made, it has gsn-
orally been below the amount allotted
to this purpose in 1920. Typical of the
reduction is the fixing of the bonus
to officers and employees Of the New
York Stock Exchange at Az per cent.
year ago they received 10 per cent
of their annual salaries
Employees Of banking institutions
have Jared better. This is due, first.
to the Improvement IN the business Of
banks following the passing of the
worst uncertainty at mid-year, and
second, to the prosperity of bond de-
partments and bond houses.
Morgan & Co. Bonus
J. p. Morgan & Co. are planning a
distribution to their employees IN line
NIT n 1c<N h.1+ nj
is not announced nor is a comparison
with last years bonus indicated.
The Federal Reserve Bank OF New
York is expected to give some seasonal
bonus to its employees, although it also
adheres TO policy of no announce
ment on the subject. The distribution
will probably be smaller than a year
ago, when and if approved by the
proper authorities.
The National Bank of Commerce has
paid q bonus approximating that paid
year ago. The Bankers Trust Com
pany is distributing to employees, as
salaries. The Guaranty Trust Company
which for the last three years has
maintained proft-shaSing plan OBJ
Waiting q bonus, is this year giving
employees, officers excluded, 21s per
cent of their annual salaries. The same
ratio applies to the Guaranty Company
The National City Bank, which a
year ago distributed per cent TO its
employees, is not expected to pay
bonus. Il holds to the theory that
employees should be paid on salary
basis strictly according TO their wsrth,
and indicated in 1920 that the practice
of Christmas distributions would be
discontinued.
Amounts Same as 1920
Among the investment banking
houses The payments made year ago
are generally duplicated. Such repre-
sentative firms as Dillon. Read & Co.
New-York tribune., 1921-12-24
Fires Of More Firms
Remored BY Exchange

The Stock Exchange announced
yesterday that additional wire con-
nections of non-member firms with
member firms had been removed.
due to the refusal OF the non
members to furnish to represen-
tatives Of the exchange certain in
formation to which II was entitled
in accordance with the terms Of the
agreement signed By the non-
members.
The latest action Of the exchange
authorities follows similar action
taken earlier in the week in the
case of seven firms in Middle West
ern cities The firms affected by
the order announced yesterday were
said to be located in Grand Rapids,
Saginaw, Mich; Toledo, Cleveland
and Columbus, Ohio.
New-York tribune., 1921-12-24
J. S. Trade Commissioner
To Australia Here Next Week

The Bureau of Foreign and Domes
tic Commerce, United States Depart
ment OF Commerce, announces that
Trade Commissioner A. W. Ferrin, who
has recently returned from Melbourne,
Australia, will be in New York from
December 27 to 81, inclusive.
While in this city Mr.. Ferrin will
make his headquarters at the bureaus
New York district office, 734 Custom
House, where he will be glad to con-
suit with manufacturers, exporters and
others interested in trade with Aus
tralia. Appointme to see Mr.. Ferrin
New-York tribune., 1921-12-24
Boston Wool Market


BOSTON, Dec. 23.-"The CONNER
cial Bulletin" tomorrow will say: "The
demand fog wool this week has been of
fair proportions, due in part to specu-
lation on the part Of dealers, but also
in considerable measure to piecing-out
orders from the mills, which meet the
advanced prices reluctantly. Fine and
medium woods are very firm and tend
ing upward. While low woods are
somewhat higher, secured low South
American woods have shown an ad-
vance Of perhaps cents a pound for
the week. The mill situation shows
comparatively little change, alth ough
rumors from New York state that the
goods market is in slightly better
shape, which seems to be reflected
more or less in the yarn and tops
market.
New-York tribune., 1921-12-24
Raritan Refining Bonds

Question: am contemplating the pur-
chase of Raritan Refining Corporation 7
per cent and participating first mortgages
ten-year bonds. Can you give mo some
Information of thenl Do you conside der
them a good investment? / have been
credited with dividends in scrip on sone
preference stock City Service. What is
scrip III. H.
Raritan Refining Corpora
ton per cent bonds. due 1929, are
secured by first mortgage on an oil
refining plant near New Brunswick, n.
J. Sinclair Oil consolidated is the
marketing agent 'or the company's
products. The bolils, we think, are d
good investment. Dividends paid in
scrip means tl,t the company issues
note promisi.,ss to pay certain sum
either at specified tins or under Ger
tain conditions.
New-York tribune., 1921-12-24
For a Small Inheritance

ocSliuI--A HAvc JuSt Inherited Sc 10n
ana would appreciate 1t II you would r5ve
mo HIST OF safe bonds to WELD al. nnr
sehu or better see you speak of q Nv
oro-eiectrlc or Powsr bond which Uo,id
pay higher per cent and be. equally safa
anc What Ia your opinion Of tho C5i1eena
iand bonds?-Miss G. w
Answer-Wc think highly of State of
Queensland Z per cent bonds which. at
the present market prices, yield about
6h per cent current interest. The
yield TO maturity is little less, be-
cause the bonds are selling at a
premium, recently at 1o8M, but you
can Offset this by putting part of your
money into lower coupon rate bonds
selling at a discount We sugge st
Colorado & Southern refunding and
extension rs, due 1885, recently SELL
ing at s412, which gives you about 6N
per cent if held to maturity Among
the hydro-electric bonds that yield 6 Il
per cent or over, we suggest Puget
Sound Power and Light "a, due 1941
recently selling around par. and Cor
necticut Light and Power first refund
ing rs, due 1851, recently selling at a
little below par. For the fifth bond we
suggest New York Telephone 6s, due
1941, and recently selling around par.
With the 5000 we suggest the purchase
of two shares of American Locomotive
preferred stock. 1t will be necessary
to add $50 or so to the 5000 to make up
the purchase price
New-York tribune., 1921-12-24
Herrera ENJOYS Ousted by
New CuatemaIan Regime

SAN SALVADOR, Dec % (By The
Associated Press).-Word was re-
ceived to-day that the new government
Of Guatemala, whieh recently over
threw the Herrera regime, had can
celed the credentials Of the Guate-
malan Ministers TO the United States.
England, France, Spain, Mexico, Sal
vador, Costa Rica and Honduras. All
these diplomats were appointed by the
Herrera government
New-York tribune., 1921-12-24
Answer-In our opinion It WOULD be
Pure Oil

Question: am inclosing herewith an is
sue offered concerning the Pure Oh Co.
preferred stock. and would ask you II you
would kindly advise me as to the sound
ness OF these stocks as an investment, and
not as speculative?-O G.
Answer--In our opinion Pure Oil
convertible 8 per cent cumulative pre-
ferred stock is a good business mans
investment. You can see for yourself
that in each Of the four years ended
March 81, 1918, 1918, 1920 and 1921, the
company has earned many times over
its dividend requirements on the pre-
fcrred.
New-York tribune., 1921-12-24
Days Dealings in Bonds
The Market

Tho good reception accorded new
issues that have been put upon the
market this week Ia attributed in a
measure to buying by investors who
have sold their holdings of outstand-
ing bonds at profit and switched to
the new. This proceeding. while salts
factory to the offering bankers, tas
had the effect of reversing the trend
in the list Of bonds generally. Trading
was quiet yesterday but reaction con-
tinued in force, the decline in Liberties,
however, experiencing some check.
New-York tribune., 1921-12-24
PROPOSALS
PROPOSALS.
THE CLEy ELAND AND PITTSBT Rs1H
RAILROAD COMPANY.
CLEVELAND. o. November 2sth. 1891

CLEVELAND, o, Novernber 18th. 1871.
Sealed proposals for the sale OF Genera
Mortgage Bonds of this Company for account
OF the Sinking Fund, at not 10 exceed par and
accrued interest. TO the amount Of ss592a.oe.
will be received the Office OF Messrs. Wins
iow. Lanier & Company SO Cedar street
New York, n Y. 10 the close of business
December 31st 1891. Proposals must ind
cate series of bonds A. - b. - -'Ce' or ID -
and also, in the case Of crries e." must
Indicate the number Of bo't's bearing cou~
pons for $3.50 and for s22 '. each respcc--
lively Bonds accepted VIII be paid January
5rd. 1922, with interest to that date. at tho
Office OF Messrs. Wiustow. Laner & Co. az
above. II not presented on that day the right
IS reserved to reject the bid.
]. r. kIOSS. Trsa aurer.
New-York tribune., 1921-12-24
FINANCIAL MEETINGS

THE ANNUAL MEETING OF the stoekhold
ers Of tbs Mayer Tank afanufacturinx
Company. Inc. corporation OF the Stafe AZ
New York viii be held at the principal of,,ce
OF The Company AT No. 2i2 Russsll stree
Borough OF Brooklyn, County OF King. on
the srd day of January, 1899, at esclool.
p. NJ. for the transaction Of any ard ali
business that may come before the meeting
including tne election OF Board OF Directors
10 mold Office Tor the ensuing year
Dated, New York. December 24th. ssse.
LOUISE MAYER, Secretary.
New-York tribune., 1921-12-24
DIVIDEND NOTICES
COSDEN AND COMPANY

IFtIeifl : T. l31l.
Tic Board OF Directors ~ Cosden AM
Company has this day declared the regu.
lar quarterly dividend of sixfy.t,Fo an
one half cents to2i7c) per share on IT,
common stock without par value tor
twelve and onc-halg cents C3-e) per
share on the outstanding common stock or
me par value 81 $500 PER eaare3 payahl~
Fenruary 1st. 1929 70 stocsholaers cr
record ~ the close OF business on January
sra. The Stock books Viii remain open.
By order OF the Board 0f Direct ora
E. II. EDEZER Seeretar~.
New-York tribune., 1921-12-24

Information

Questions Of cenercI ineersst TO tn
oestors soil be answered in this col
itnan, M which case only initials iUiu
Dc used. Others sciA be answcred br
mail. Addreas all inquiries, tnoioa-
i.nng q stamped, addressed smvelope. to
financial Editor, The Tribune, ISL
Nassau Street, Noiu York Csty.
New-York tribune., 1921-12-24
NJ 4. & L. IS

ouestion-should investor who has
ST. 900 Missouri. Kansas Texas fsst As,
1880 and 81 900 Missouri Kansas &. Texas
second As. 1890. keep his bonds or sell them
or accept the exchange offered by tho re-
organization, If he is concerned for rea-
sonable safety II this. say per cent of
his diversified holdings? I have read the
plan of reorganiza ton. but not much
helped by II. Only the inclosed announce
ment from the first mortgage committee
in making the choice which. as they sageiy
say SIS essentially FOR the individual
bondholder &C. H. H
Answer-We advise you to exchange
your first mortgage Missouri, Kansas
& Texas 4s, and in your case, since you
are q holder of both first and second
4s, 60 exchange the second As also The
plan, in our opinion, is favorable to the
frst as and rather unfsvorable to the
second Is, but we believe that your in
terest, being a holder of both, would
lie in seeing the plan go through and
your investm ents would then again be-
come regular Understanding invest
ment.
New-York tribune., 1921-12-24
TO ngure this ;,reciss Weld on D. boud 4.

TO gure the precise Yield on bord 7
is necessary 10 yield tables. but the
approxilnate yield roughly be figured
out by the following formula Divide the
closing quotation on a bond into the rate
Of the annual return. II the bond IL selling
below par you must allow also for the
appreciation OF the principal To 40 this
subtract the market quotation from par
100, and divide the remainder By the
number ~ years the bond has to run be-
fore maturity For example X a s per
cent bond is selling at so and has Ten
years 10 run, tho annual return Will be
$50 per cent. The differences between par
and ths market price Will be 10 points
aubtYacting 80 from leo. Dividing ten
This figure is TO be added to $50 which
is the annual return. and the result. Tss
Per cent. VIII give you the appro xirlate
New-York tribune., 1921-12-24
For a Widowed Sister

0uestion-whilc personally not In posi-
ton to invest have widowed sister
who has about $1,000 which she wishes to
invest in fair yield securities which
reasonably safe AS she depends entirely
on my advice and Judgment, which is none
too good. I ask you 20 please criticize the
following list which I have submitted to
her, but Will not act on It definitely with
cut your advice: Ten shares Southern
Pacific, ten shares Illinois Central. ten
shares Allis-Chalrners preferred ten shares
Standard oil Company of New Jersey pre-
ferred. $1,000 Cana dinn rs, 1929; 81 900
Northwestern Sell Telephone. 1874; $1,000
Diamond Match l2s. 1887 AT present
prices the stocks viii average 725 and
the bonds about 644. Do you think this
list IS reasonably safe or would you sus
gest change IS. ].
Answer-In our opinion it would be
more conservative to buy Baldwin Lo-
conotivc preferred and American Car
and Foundry preferred in place of
Southern Pacific and Illinois Central
stock. The other investments you sug-
gest are high grade. in our opinion.
New-York tribune., 1921-12-24
A Good Investment

0uenti Would You advise the Northern
states Power 1st bs Series A. due 1871. az
conservative Investment for a woman OF
anout sixty Years OF age, and can you fur
nlsn mo with some details as to tts secur-
.ty back OF the bond and the business cf
the company "A. g. NJ
Answer-Northern States Power first
and refdnding 5s are secured by a
Lien, either direct or by the deposit
OF the entire outstanding issues OF
bonds and stock, on all of the property
OF the company The total amount of
the bonds under this mortgage, includ-
ing both 5s and IS, is s27,567 800, and
there are s7,32s,ooo prior liens out
standing The properties of the sys-
tenn supply electric light and power
to some 290 communities in Minnesota
North Dakota. South Dakota, Wiscou9
sin, Iowa and Illinois. In 1920 the
company earned more than double its
interest charges. We think the bonds
d good investment.
New-York tribune., 1921-12-24
Garfield National Bank
9TH AVE. AND 2SRD sT.

New York Dec eI. 1871
rhe Bosra OF Directors have this daw
declared quarterly dividend OF 80 ana
An extra dividend OF 81. upon tne capita
stock of this bank. payable free OF CITY
ana state tax, on ana after December II
1921. to stockholders Of record At the s.lox~
OF business December 81. 1921.
A " SNOW f.axhi.r
New-York tribune., 1921-12-24
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., 1921-12-24

may be made by calling Broad o7s4 on
The telenhnne
New-York tribune., 1921-12-24

" & pn r 7 Ark a l. Steel & Tube
i.s 1s4a 4t3s 1894 rs 1851
.. 80 . w ssl ~ 97l
.. 31ls st l. " & S T.. e7i2
...- 20 As 1929 Tenn Cop Gs
49,. z9A So. Tets ass
49, 20 3 .. .9is / ~ so
49,. so As Riv & O Term Az
Mia cara T ? div 1883 Of ST L 5s
5s 1882 .-.- "a 1914
New-York tribune., 1921-12-24
average canal Improvement s per cent


Subscriptions to the o,ooo.ooo
American Sugar Refining Company is
sue were well in excess Of the amount
offered. No formal announcement of
aIlotnents is to be made.
New-York tribune., 1921-12-24
Standard Oil Compa
Miscell neoug Oil Companiea

All Loboa sAlMerr Cp 81.
do pr 40 ~ Midw Rfg175 1s5
sBrAmOLt 90 go Min Pr Cp 10 lek
Elk Bs P 93a az IS OK Prd 12Z IS
Gulf OIL s35 S45 Sapul Rfn 3A 3ss
HmbO& Rf2s0 24o Wst Q & L.S0 40
Irnp-C 1t. i04A 105N sPar $40
Magn Pct1So 1S5
New-York tribune., 1921-12-24
THE GREENWICH BANK

OF tEaf tt5y OF NcW York.
December IL. 1871
~ meeting OF the Esoard Of Directors
aeid this gay. a quarterly dividend Of &C.
and an extra Dividend OF - on the CAPITA
stock OF this Bank was declared neyahi. OF
and afrer January g. i3ee. 10 stcclsholiers OF
record December % 1874
ALFRED z PETERSON cnsn,rz
New-York tribune., 1921-12-24
ID. B. & Il. KNIGHr. No

b B. 8 X. KNIGHT. NC.
Ss Worth Street
A.~ York CRY
December ~ 1871
A quarterly dividend Of - has been &C.
ctared by the Board OF Directors uraa the
First Preferred Capstal Stock OF ls "a = =
Knight fuc.. payable on January 3 fsss
10 First Preferred Stockholders OF r.corS
al y clock noon. December "a 1871 Tn.
transfer books VIII not be clcssd
HENRY u. STIMSox
Ssrrstary
New-York tribune., 1921-12-24
.(Saies }
Argentine G Dominican II

8 ~ 7s ~ s5 az 1a5s
Chinese Ry 5s Is .... s5a ~ 90
1881 French Rep,8s 90
New-York tribune., 1921-12-24
New York State Bond.

Issued IN coupon and registered form. mt
ntercnanKeable. Coupon bonds registers ole
z lai itrr,,ln ~ o
New-York tribune., 1921-12-24

ST L Swn con Untd Drug IS
A. 1882 temp 1871
49,. So is &C.. i04
2 .. 70 Tn Fuel Gas
St I. Swn Ter ss 1885
5s 1852 Q ... 92fa
5 80. ifNa l -. e4ia
st p K Kan c U1rd Ry Irvt
Short L rs 5s Pitts IS
1871 sue 1925
49,. II 8 80. 711.
80. fsA iUn Ry OF St
ST 2 NJ s. N L 4s 1884
As Montana 10 ... 50is
ext 1881 l. s Really &
49,. s5-s ! IS 1924
San 4 & \ 2 / .. s31.
ts l943 u s Rubber
. $50. 1914 7i.s 1890
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1921-09-28
Found in Wyoming,
Will>Face Charge
Of Wife Desertion

Sheriff Bob Gordon received infor-
nation Tuesday from Superior, Wyo.,
stating that authorities in that city had
arrested Steve Farago Of Tracy. While
no complaint has been filed against
Farago, the sheriff's office wants the
Tracy man on the charge of wife and
child desertion. A complaint will be
filed in the Wilson court today WED
nesday) and warrant issued.
Farago has been before the courts on
When brought before Justice of the
Peace c. a. Wilson last summer, he
escaped sentence on his promise to pay
$50 month to the support of his wife
end family. Two weeks before tie
first payment was due. it is alleged he
left Tracy and went to Wyoming. Dep
,lty Sheriff Fred Huotari will return
Farago to Great Falls.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1921-09-28

Button and lace styles. Patent and
plain feathers in black. Mostly small
sizes, with Cuban heels. Fit yourself.
S1.OO Pair. Add One Cent and Take
sTwO Pair.