davidaulloa/AmericanStories huggingface dataset:
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-07
RUSSIA NEEDS WHEAT TO
RELIEVE THE STARVING

Paris, Aug. 6.-One billion three
hundred million Kilograms Zap
proximately 2.SS0.O0O.OOO pouAds)
of wheat are needed to relieve the
samine stricken people Of ten
provinces of Russia, according to
estimates published today by the
Populaire, an organ of the extreme
left socialists.
At the average price of one hun
dred francs per hundred kilo-
grams, the newspaper estimates
the cost Of delivering the wheat
into Russia would be 1900, 200, ,090
francs, and would necessitate four
hundred ships or 10000 freight
cars for transportation.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-07
CHICAGO BANKER
BROKE DRY LAW,
IT IS ALLEGED
Warrant Is Issued for Spur
gins Arrest on a New
Charge; Is Reported Near
Chihuahua City.
ny The Associated Press. !

Chicago, Aug. 6.-The search for
Warren C. Spurgin, missing presi-
dent of the defunct Michigan Ave
nue. Trust company, who is being
sought in connection with a ST.
100000 shortage in the banks ac-
counts, was directed from Mexico
to Porto Rico today following re-
ceipt of a message from the police
of San Juan, Porto Rico. asking
for a description of him.
Meanwhile, a federal warrant
for Spurgin, charging violation of
the prohibition statutes. was issued
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-07

Paris, Aug. 6.-Ambassador Har-
vey has accepted the invitation of
the French government to be its
guest in Paris during the meeting
of the supreme council there, and
will take up his quarters at the
hotel where the Italian delegation
is stopping,
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-07

Washington, Aug. 6.-Cost Of
labor allowances to railroads for
the six months guarantee period
following government control will
Include only increased wages and
not alleged "inefficiency of labor"
factors under decision handed
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-07
ARRIVALS
IN AUGUST FROM
SOME COUNTRIES
EXCEED QUOTAS
Midnight Racing Of Inmi-
grant-Laden Steamers In
to American Ports May Be
Stopped Monday
HUSBAND WILLING TO
"WIPE SLATE CLEAN"
May Admit the Excess Un-
der Bond if Companies
viii Agree To Obey the
Law In the Future,

Washington, Aug. 6.-Midnight
racing of immigrant laden steam.
ers into American harbors to land
monthly quotas in the first minutes
of the first day of new months may
be done away with Monday when
ship lines officers and immigration
officials get together to formulate
a new agreement.
Commissioner General Husband
Of the immigration bureau, in an
nouncing the conference today,
said he was willing to wipe thu
slate clean" admit under bond the
400 or so August quota excess now
in harbors and begin all over if the
companies would reach q binding
agreement among themselves not to
exceed quotas hereafter.
One Ship Lost Out.
Due to such a race July 81. the
Greek Turkish and other small
quotas for August were exceeded
in the first two minutes of August
/. One ship lost out because of
lighter crossing her bow. She was
a British steamer, bringing a small
part of the months quota of
Greeks and had refused, Commits
sioner Husband said, to take or
ders. A Greek ship with the whole
months quota Of Greeks left after
the British vessel, but won by two
minutes in docking. The confer
ence is planned to devise ways and
means of meeting this situation,
Companies that bring the ma
jority of immigrants are adhering
strictly to agreements among
themselves, the commissioner said,
that they will not bring more
aliens of any nationality than
could be admitted under each
months quota. The difficulty is
with smaller lines and compare
lively small number Of immigrants.
he said.
None Taken Back.
Since June 80 probably not more
than 400 aliens have arrived in
excess of quotas but these have
taken practically all the time of
the bureau officials to handle, 1t
was said Considerable pressure is
brought by members of congress
and others to permit them to be
admitted once they reach port, the
commissioner said. and none have
been taken back by the ship COM
panies that brought them as yet.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-07
RRITISH COLF STARS WIN.

New York, Aug. 6.--Jim Barnes,
national open golf champion. and
George Mclean, were defeated in
36 holes today, / up. by George
Duncan and Abe Mitchell, English
golf stars, in an exhibition game
at the New Grassy Sprain Golf
club.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-07
EAsT FATAL TO WOMAN,

Urbana, H.. Aug. 6.-Mrs. j. M.
Chase OF this city, who has been
fasting fifty-three days as le-
suit of stomach trouble. died to-
day. She had known that death
was certain and patiently had
awaited the end.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-07
CONVENTION CLOSES.

Kansas City, Mo-, Aug. 6.-The
National Association of Specially
Statesmen closed their three-day
convention here tonight after
electing officers among those
named was A. ]. Burns. Oakland.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-07
ALL U. S. PRISONERS
ARE TO BE SET FREE

London, Aug. (by the Associ-
ated Press. ALL the American
prisoners in Moscow and Petro-
grad will be sent across the Rus
sian border by Monday at the lat
est, according to a message re-
ceived here today by Walter L;
CONTINUED on Page Two.)
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-07
WEATHER
FORECAST.

EORECAST.
Denver, Colo, Aug. 6-New Mex
leo: Generally fair south, unset
tied north portion, probably show
ers northwest portion Sunday;
cooler, except extreme northwest
portion Monday, fair. warmer
northeast portion.
Arizona: Generally fair south,
unsettled north portion Sunday,
probably with showers. Monday,
fair; warmer northeast portion.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-07
PRESIDENT AND
WIFE CALL ON
DISABLED VETS
Harding Ends His Vacation
in the White Mountains of
New Hampshire; Party Is
HomeWard Bound.

. Q o o o 9 8 o o o Q o @ o 9 Q
o Portland, Me-, Aug. g.
Z: President and Mrs. Harding
9 left Portland at midnight TO-
/: night on the presidential
. yacht Mayflowcr for Wash
. ington. They are expected to
. arrive at the capital Tuesday
. noon.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-07
AMBASSADOR HARVEY
Is ON WAY TO PARIS

(By The Associated PressD
Paris, Aug. 6.-Col. George
Harvey. American ambassador
to Great Britain, arrived this
evening to attend the allied
supreme council Monday.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-07

CONTINUED on Page Two.)
New-York tribune., 1921-11-11
Federal Reserve
Systena Improves
Position Slightly
Advances to Member Banks
Virtually Unchanged Dur
ing the Week; Drain i'm
Funds Shown i'm New York

Slight Improvement took place last
week IN the position of the Federal
Reserve system, tho statement AS OF
the close of business Wednesday re-
vealing q ratio OF total reserves to de-
posit and Federal Reserve note liabiif-
ties combined OF lid per cent, COM
pared with II per cent the week before.
BY virtue of this increase the ratio
again stands at new high level.
Advances to member banks in the
system against United States govern
racnt paper was practically unchanged
at $a53, ,Sat 900. Discounts of CONNER
cial paper dropped from $So6sa29, 900
80 S'92. .Se9 900. Gold reserves rose
again to a new high peak of s2,s16,-
100000, against $500 900 tho pre-
ceding week.
The Federal Reserve Bank of New
York in its statement showed a drain
OF funds from this center to the in
terror as revealed in a loss approx
mate4y of $4,000 900 gold through the
Washington settlement fund. Borrow
ings Of member banks increased, those
against government paper rising from
Ss1. .393 ,0co to SOS. .33a ,osS. and those
against commercial paper from Si12.-
o5Tooo TO Sl2a,ss4, ,S92- The bsnk's
gold reserves declined from 81 l.0d3s s552, !,
Geo to 81 ,0l3,aSe, $50.
New-York tribune., 1921-11-11
Erie As and Interborough is

Gdrstior'--TiI you kindly rate Urin gen
sral mortgage 4s. selling around 43 and
llnas,sr9oroush " refundips 5s. sellng around
90 "ant 70 know ii YOU think lllev viii
pc able 10 continue 10 pay interest ana If
you regard thezl a pure gamble or =
business mans speculative invertn1erst- r.
Haye you preference between them -
Answer-We think that both Erie
general 4s and Interhorough refunding
os are speculative. We have advised
people who hold marlborough refund
Ing 5s to continue to hold them and
not take the loss involved in selling
now. We think in the long run that the
intsrborough will pay principal ard
specuiative, but is, we think, rather
a,lsractIve speculation. The road ~
showing considerable Improvement
With the Erie, however, if defanlf
should occur the chances are there
would be reorganization ana that the
general mortgage holders would be-
onered some other form OF sacuritv
rather than fixed interest bearing
security. ca "a {
New-York tribune., 1921-11-11
Peru Takes Steps
To Get Loan Here
BY Revenue Change
Comprehensive Reorganiza-
lion of System of Collect
ing Customs TO Precede
Borrowing $4,000, 900

Pans Tor comprehensive reorgaa;-
cation OF the revenue collecting svster.
OF tine government of Peru have been
undertaking. il was learned Yesterday
as j preliminary TO the raising of
funds III the American market throush
Tie 'aotation OF loan OF substantial !
amount.
The Guaranty Trust Company ms
sen- commission 20 Peru, eonsistins.
Of Nicholas Kelley, former Ass;stan /.
Secretary Of the Treasury; c. ". Van
Law, consulting engineer, and r. ;.
Rlte, economist of the Guaranty Trust
Company, TO confer with representa-
t;ves Of Peru with reference To the
Fsomulgation Of definite financial pro
gram. The Guaranty Trust Con1panvss
commission, which sailed from the
United States on Saturday. IS going a.
feru at the request Of the Peruvian
government.
AS one OF the first steps toward n :
yanplng it's customs systcns the Peru
Wan government has designated Dr..
William Wilson Cumberland. an Amer
lean, as acting foreign trade advise
20. the Peruvian State Department. and
customs administration.
X is the desire of the Peruvian ro~
eminent authorities. with the expert
advice OF the Americans, TO strensy4Ese,
It's whole fiscal system in msTress u,,e,-
snas VII! make it possible for it 10 ro
ahead with financing in the America !
market.
The Peruvian Congress already hss
given blanket authorization Ter ths
issuance of $4,000, 900 OF bonds. hus
the whole amount Will net be sold n
rrer. II SAID
New-York tribune., 1921-11-11
How Is New Stock Isauad, (,

Sueslion-hicdly Jet are know whether
q corporation IS legally permitted 10 incnr.
porate Tor certain amount az sfsTes ~ :
nave no par value? II once incorro-sscS
,;oa 2 certain amount are they permitted
use now co corporations issue new sfor,r@ .
Is II an increase from the original
ai,.ouna! = ,s,r.an. Would appreciate ali those
answers very much. Also please tell me
ABOUT shs Dictator Fountain Pen Corn
pany. Inc, as I am contemplating BUY
heard 50 much about X, Ia II IN ,d,-1,, 80 =
taee 10 the holders OF common stock Syhe,,
tncrs Is no preferred stock in the con-
Answer-W neither 4 company can in
corporate with stock Of no par vajse
or can change from specific par value
TO 10 par value is question of the
law OF the state in whicl, the co,nnsnv
is Incorporated. The angwer wn,iS
probably be different in different states
the whole matter is simply one of
bookkeeping, however, as the position
OF the. stockholders is not changed
when the nominal par value Of the
stock IS altered. New stock is issued
IN various ways. sometimes bv the
declaration OF a stock dividend. some
times by giving the stockholders rights
20 subscribe at favorable figure and
sometimes by the sale OF new stock to
the puniIc at large. We have no infor-
mation about the Dictator Fountain
Pen Company, except that the steel,
was offered to the public last August
at $40 q share. We advise YOU to
wait until they have been in business
q while before buying any of the stock.
Common stockholders have first cali
on the surplus earnings Of q concern
which has no preferred stock. and to
that extent the absence Of a preferred
stock may be said to be 20 the ad-
vantage O. t4e common stockholders.
New-York tribune., 1921-11-11
Sharosheen Mills is

roia iisueseden.po ness. you consider the per cent
antssd by the American Woolen cornranv az
sisn grade? What is meant by .slerra1 ii
Per cant income tax? Would bszse -
pay TAX on the above notes? ALSO A,7,er5 -
san aana Ieiepnone and Telegraph S per cent
}s4o?--l J. C. pe' cens'
ARswer-We think that the Share
sheen Mills Z per cent gold notes are = >
high-grade Investment. The guaranty
OF the American Woolen COMPANY. n
q, our opinion, is the determining factor.
IN iae normal 2 per cent income tax re-
aers to the Federal tax on income abov-
$1,000, or above $4,000 if Won are r1a,.-
ried, and that the company undertak kes
80 pay this tax. In the case Of IN
american Telephone and Telegraph s
per cent bonds and the General Electro
. per cent bonds. the company does not
nave to pay it if you are subject 10 in +.
come taxes.
New-York tribune., 1921-11-11
Days Dealings in Bonds
The Market

As whole the bond market did little
more yesterday thal hold its own.
profit-taking sales were in evidence
in many parts OF the list, causing
some degree of irrcgularity. On the
othey hand a few strong spots stood
out, among them the Liberty Loan
S1as- Some of the foreign govern
nent issueg were slightly lower at
the clese. Rails and industrials ex-
hihited a firm undertone. In the
opinion of investment market experts
q period Of hesitation and some irregu-
larity in bonds iu to be expected Ia
view Of the vigor OF the recovery to
this level. For the long future, how
ever, it is felt that the trend Is still
inward
New-York tribune., 1921-11-11
New York Metal Market

On the New York Metal Exchange tin
was steady, with Straits quoted at
2S.25@29c; Straits shipments, 1850
aa.i2e: standard esq a9c: a9 per cent,
27.50tn e Soc Copper firm. standard
spot, November and December. I2.37Ac
asked and ciectrolytict spot, November
and December, l2.75d 1880. Lead
easy. New York spot, 4.T2lse and East
St. Louis spot. 4.40c asked. Zinc steady
New York spot, 5.oSe and East ST. Louis
spot, 4.g2isc asked.
New-York tribune., 1921-11-11
Investment
Information

Questions cf general interest to irs-
vestovs tosil DO Gswwcrcd in this col
us's,t. sst schich case calH initials sosli
30 used. Others wifl ia uns,ccYed bv
niase. Adarcss afl impurities, inclos.
ing stamped. addressed enucioso. To
fsndacsal Editor, The Tribune, iss
NassoM Street, Nesu York Cstg.
New-York tribune., 1921-11-11

20 tsuTe tiia pT Tscise Yield on a bond I.
ts nscessary 10 use yicid tables. but t1s
ap9roximaee Sield can roughly be figure.
out py the following forn1ule Digide the
cioslnE Qrctatio1 on bond into the rat .
Of the annual return. II he bond Is seilins;
oeiow par you must allow also for the
appfsciat1on CT tire principal, To 10 this
or 100, eFsG divide the remainder By tie
number OF years the bond has 10 run be-
fore maturity For example. II { per
years to run. the annual return Will bs
OF Interest It pays, ana the result VIII lie
ESQ per cent. The difference be- wesn par
and tbe market price viii be IA lsoinss
subtra citing % f-onl 100. Dividi.ss Ten
points by ten Years. the quofient, viii De =
This figure ~ 10 be addsd to $3.50. which
~ the annual return, and the result. 7.gs
per cent. VIII give yoa the approxEra Z .
New-York tribune., 1921-11-11
London Market Firm

LONDUN, Nov. I0.-Priccs were firm
on the Stock Exchange to-day. Bar
gold as auoted at lo4s I'd; money WAS
loaned ar 81. per cent. Discour. rates
were: Short bills. 3ss per cent, three
month bills, sssal4 per cent.
Closing quotations on stocks were:
New-York tribune., 1921-11-11
Rail Bonds Yielding 6 Per Cent

Cuestion--Fror, time to time have
aval!ed Hayseif CT your opinions for the
puIcnase or sale of securities held by close
think OF Wisconsin Central Railroad gem
era per cen. OF lo49 Il is claimed tha +
.ness bonds are legal for New York saw
lnss oanks, but as The road never has paid
any dividends I cannot understaud thig
s.aiTi- would also like you to let mo
nHu" L" shTee or four strong railroad bonds
,AaS are selling at q discount and riY.t :
WIZ yteld per ceuc.-E- y :
New-York tribune., 1921-11-11
Days Nelp Issues

Eastman, Dillon f Co. announced
Yesterday an offering Of block Of
State of West Virginia sinking fund
So per cent gold bonds, dated Janu-
ary ], 1919, and due January /, 1888,
at q price OF $3.50 and iutereat.
New-York tribune., 1921-11-11
Oklahoma Bank Is Closed

Law TON. Okla. Nov. I0.-The Sc
rarity National Bank Of Lawtou.
sspitaljzed at 100000, was closed to-
axy. An announcement by the Board
AZ Directors said the institution had
seen closed fer liquidatien-
New-York tribune., 1921-11-11
Answer-Wisconsin Central frs

general Is, due 1949, are not shown as
legal for savings banks in the sources
to which we have access. New York
central dehentures Is, due 1912, re-
Gently selling at rs r, Welding eli ner
cent to maturity. Kansas City Southern
hrst mortgage IS, due 1850, recently
selling at 5s3s. Colorado &. Southern
Hrst mortgage As, due 1929, recently
selling at s6, yielding 6.S7 per cent If
held TO maturity; Cleveland. GIN
cinnati, Chicago & st. Louis. general
%, due 1898, recently selling at 81,
yielding 61o per cent current interest.
New-York tribune., 1921-11-11

The proportion OF the banks reserve
70 liability this week is 1927 per cent;
last week it was 1881 per cent. Rate
OF discount, 5 per cent.
New-York tribune., 1921-11-11
Wants Too Much

Queatiori--At your convenience vfsh
you would Give nae your advice OH tha fof
iosFinE matter a short tine ago came
inso possession of So 900, which now want
20 invest. AS Tar az I know now, I ara
gong 70 nave another uss fer ii In about
twc years. so tho investment must be OF
srort duration would like aomethinr
naturally, something which ~ safe When
,no last issue OF United states Treasury
certificates was offered, III September +
ga nos have tho nfoucy, and row thew
nave risen 30 that the interest rate IL
soos.netning over pcr cent. They were
..ItiVe a.aractiVe because they paid 5 \ por cent
we're exempt from income tax and we're
onsy or three years' duration. Can you
sssncnmcnd anything olso with those fea :
de2d &C. Z. TX.
Answer~~We are sorry, but we know
OF no short-term investment as safe as
United States Treasury certificates eff
Indebtedness, exempt from income tax
ana yielding return Of from z to 5
per cent. II you want absolute safety.
or as near it as you can get in this uu-
certain world, and tsx exemption. we
are afraid you will have to take consil .
erably. less than 8 per cent. The rear
csc thing we can think OF arc the ioint
stock land bank bonds recently issued
under the provisions of the Federal
farm loan act. They are tax free and
are offered on 5iss per cent basis a..
thereabouts.
New-York tribune., 1921-11-11
Speculation

auest!on--I have so,ne slarer ef pserce-
Arrow preferred and common. also General
Motors preferred and common, and yNeas-
.nxhonss Electric. purchased aorle time
20 a. higher than present day prices.
What. are the ehar.rrss Of these Increasing
in value: or IL should sell to-day what
stock might purchase that in your
opinion, viii eventually &c higher Thls
OF coiYsa relates TO speculative Secur.t!eE.
--~.A. A.
Answer - We cannot undertake TO
give advice about speculative opera
If you want our opinion Oh the merits
OF your securities as investments, VIZ
think the best thing you could do would
be to sell your Pierce-Arrow and Gem
eral Motors and buy some high grade
bonds such as we frequently recon
mend, with the proceeds.
New-York tribune., 1921-11-11
Lasting Peace
Reduction of Taxation

TT seems inevitable that long
step in the right direction will be
taken by the great powers repre-
sented at Washington.
WHILE no one anticipates an
agreement for total disarma-
ment, it seems assured that they
will reach definite understanding
that will result in distinct trend
toward lighter taxation, defation
of currency, sterilization Of ex-
change and the gradual resumption
of international trade.
THE Saturday Evening Post said
editorially (Oct. Is, 1920:
I'VE can't afford it economically.
We can't afford to have the mark
New-York tribune., 1921-11-11
Bank of France Statement

PARIS, Nov. 1o.-The weekly state
neat of the Rank OF France shows the
fei!owing changes, IA francs:
New-York tribune., 1921-11-11

OUT OF the confusion of inflated currencies deprecated
- exchanges heavy taxation stagnan trade and unenploy
nentpubc opinion throughout the world seeks solution
which can be gained only by
New-York tribune., 1921-11-11
Lincoln Motor Company
Glass A Shares

. aoto- ccmpon
Lincoln
Class
A tbIner
Agreement f--~ - -o NO@'
osS Of Class witt
New YorkS
higau
Of
he
-~A"''--
tssf
New-York tribune., 1921-11-11

MeAdoo, Cotton franklin. New York y y:
campbell, BuIkiey 4 Ledyard, Detroit. Mich
Counsel
New-York tribune., 1921-11-11

at less than one cent, the Ira at
four, the franc at seven and the
pound sterling at three ninety :.
We can't afford to rob American
business of billions every year to
be sunk and shot up and wasted in
wars and their aftermath. Even
less can other nations afford their
gigantic bills for armament"
THOSE wf1e believe that the tide
has turned and that out OF the
chaos which exists in Europe it is
reasonable to expect a gradual but
sure improvement, should consider
at this particular time the internal
loans of the more important ma
tions. The possibilities for profit
such as these bonds present may
never occur again.
New-York tribune., 1921-11-11

YHANk ". BLAIR. Chairman.
ROBERT b. CASSATT,
JOSEPH 4. BAUER.
'sE0RGE :. FRANKLIN,
GEORGE r. FULLER.
=. HERMANN kI>NyCTTT.
Com rnittos.
New-York tribune., 1921-11-11
The Bank of England Statement

LONDON. Nov. 10.-The weekly
statement of the Bank OF England fol-
New-York tribune., 1921-11-11

I s.a-.,, -, "a Z Swn COO
Fl 1st ss sar ~ r,
a. wabash 2f
! 80 Bell r a. -ss' 80
4 r. ~ fslf c.
New-York tribune., 1921-11-11

io' Detroit Ed tst
! :, yu IL j Is & rig to ger
!y-l X 1910
~ -. % . .... o6zs
ettS OF dspos col 5s 1888
90 ! -. 81
etfs of dcpos Detr fSiy r
stamped 4s.,s 1861
- 49, 90 ! -. a9A
os ctfs OF Des L Eys
dcpos 1e46 AIS ,oa2
~ -. 19ia ! -. sax
K = iyn l = Cas- Diam Mattel,
os 49io 3 deb ~. g
80. ss 1895
Bush Ter Ec fsc1t