davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-05-26
Average Bond Prices
May rs, 1921.
BOND NEWS AND NOTES.
$40. 700, 900 of French Loan Sold.

Rapid progress in distribution of the
500, 100000 French Government Z "a per
cent bonds was made yesterday, and
subscriptions in excess of the aggregate
amount offered will have been recorded
by the close of to-day's business, pro-
vided that Wednesdays business be du-
plicated. Thus far approximately $70,-
100000 of the issue has been sold, ac-
cording to reliable information, and half
of the issue was subscribed for yester-
day. The syndicate managers would
make no announcement regarding sub
scription figures, but they admitted that
sales were ahead of the mapped out
schedule.
The Street was filled with unofficial
estimates OF subscriptions ranging from
as low as $20,000.000 to as high as $780,
100000. As a matter of fact $20,O0O.-
600 actual subscriptions were recorded
with the opening of the books, and the
reports OF subscriptions came in with
gratifying frequency and volume during
the day. The schedule calls for the
closing of the books tomorrow, and that
schedule Is to be adhered TO with the
view of securing as wide a distribution
as possible.
Early yesterday It became apparent
that there was a vast Improvement In
the Investment sentiment regarding the
French issue, following the developments
In Paris in connection with the Chamber
of Deputies.
The New York herald., 1921-05-26
PHILADELPHIA BOND
FLOTATION FIZZLE
City Receives Bids for Only
S1.916.200 on Issue of
S7.000,000.

Special Despatch to THE NEW YonK HERALD
PHILADELPHIA May 25.-The city
failed to-day to float a $1,000, 900 bond
issue. Bids for S1.916. 200 We're received
from eighteen bidders. The Mayor did
not conceal his disappointment over the
outcome.
Announcement was made that awards
had been made to all bidders City Off
cials. when asked II there would be q
Reimbursement Of the bonds, stated
that such Reimbursement at this time
would not be fair to the bidders who had
made bids in good faith on the present
Offering
The larger offers We're from the Sink
ing Fund Commissioners, who bid for
5000. 900 OF the bonds at par. and from
the Girard estate, which offered to take
$500, 900 Of the securities at par.
Other comparatively large bids were
from Charles Fearon & Co. who bid for
500, 600 at 100.073. and from Charles
II. Smith, whose bid was for 100000
at 1905.
The $1,000. 600 issue was split into
three groups, all per cent. bonds The
first group consisted of S3,000,000 Of
fifty year bonds. The second group was
OF 81. O0O. 600 of thirty year bonds and
the third group of $2,ooo,00o of fifteen
year bonds
Some bidders did not specify which
variety of the bonds they desired. Their
offers, added to those which name the
fifteen year bonds, totalled S1,144,200
and win be applied to the repaving loan
and prevent delay of street improve
ments under way.
The New York herald., 1921-05-26
HOLDERS OF
First Mortgage 495 50-Year Gold Bonds
Mason CITY and Fort Dodge Railroad Company

Chicago Railroad Company has officially announced
be paid
advised holders the
of well
mpered and that
holders the bonds
of
and Chicago Western Railroad Com
establishment and enforcement
Of their rights protection of their interests.
deposited with
being
conducted.
of holders undeposted bonds AID
the Deposit
within which
including which
will be received the option OF the Com
uIbn conditions the Committee shall prescribe
the rights depositors be promptly asserted
the those
deposited their bonds do Immediately
be THE NEW YORK TRUST COMPANY 26 Broad
THE ILLINOIS
SAVINGS BANK Chicago, Illinois, Sub Depositary.
Certificates Of Deposit will be issued exchangb for
permanent certificates when ready delivery.
York, May 49, 1891
F. w. NJ CUTCHEON MORTIMER ~ BUCkNER
AIEpEn COOK Chairman.
FREDERICK III. ECKER,
J LISMAN,
HERBERT w. MORSE, HUNTER s. MARSTON,
Secretary NJ. STEVENS,
90 R-ood Street ASA S. WING,
York City Committee
The New York herald., 1921-05-26
MAY WHEAT Is 1OC.
OVER PREVIOUS HIGH
Hessian Fly in Missouri Causes
BIC Jumps-FluctuatiOns
Are Wild.

CHICAGO May 25.-Spectacular up
suited largely from announcement Of
severe crop damage in Missouri. May
delivery in which, however, business
was light, scared almost 10 cents above
the highest previous record this season.
The market closed unsettled at a range
varying from IA cents net decline to
61a cents advance, with May S179A to
$3.50 and July S1.321a to $1.32M Corn
finished as % l2 cent off to ss cent up
oats lost is to Is cents. In provisions
the outcome varied from 10 cents decline
to 65 cents gain.
Hessian ny received most Of the blame
for harm to the Missouri wheat crop.
One expert said the fly pest is present in
every field, and the greater part of the
crop has already been thinned. What
specially caught the attention OF trad
ers, though, was a statement from the
University of Missouri entomologist that
half of the possible yield Of eight coun-
ties appeared to be gone. and that fur-
ther loss was in prospect. In such cir
cumstances Kansas rains, which at the
opening had weakened the market, We're
quickly forgotten, and the market fiuc-
tuated wildly during the remainder of
the day, with profit taking sales heavy
at the last. A New York exporter who
has been credited with being the chief
long in May wheat issued a denial this
afternoon.
Expected big arrivals of corn and oats
next week tended to check bullish senti-
ment regarding those cereals. On the
other hand buying of 100000 bushels Of
corn for export attracted notice. Scat
tered demand from commission houses
and shorts made provisions average
higher.
The New York herald., 1921-05-26
GOVERNMENT AUCTIONS WOOL
Bidding Is Slow on south Ameri-
can Cars in Boston.

Boston. May 25.-About 100000
pounds of wool. almost wholly Of South
American descriptions, were offered at
the Government auction here to-day.
The wool graded average qunrter blood
or lower and In the main was suitable
for carpet manufacturers, the chief bid
ders The Governments withdrawal
limits were about the same as at the
last sale in December, possibly 10 per
cent. higher on certain descriptions. Bid
ding was slow. About Ss per cent. of
the offerings was cleared The guam
tity had been cut in halves from the
original amount scheduled.
Montevideo combing forty-fours, skies,
brought Is cents, or about 25 cents.
clean basis second clip forty-fours card
ing. South American, IL cents, or II
cents clean basis; fair quarter blood
South American secured, 20 to 26 cents.
and two or three lots Of carbonized for
ty-forty-fours as much as 2S cents.
The New York herald., 1921-05-26
so, 900 BARRELS OF OIL
DAILY IN BIG CONTRACT
Mexican Seaboard to Sell to
Jersey Standard.

The Mexican Seaboard oil Company.
in which Sinclair Consolidated oil Com
pany and Standard OIL subsidiaries have
an interest has made a contract with
the Standard Oil Company of New
Jersey calling for a minimum of $4,000
barrels and maximum of $4,000 daily
for two and one-half years. This con-
tract Is said to be one of the largest ever
made. Announcement that deliveries
under the contract have already been
started was made yesterday by Harris
Hammond president In April. Mr..
Hammond said, the company delivered
more than 100000 barrels of oil. and
thus far in May more than 100000 bar
rels have been shipped.
Sinclair Consolidated has 20 per
cent. interest in the company and the
International Petroleum Company, Ltd,
a subsidiary OF the Imperial Oil Com
pany controlled by the Standard OF
New Jersey. has about a per cent
interest. The Mexican Seaboard owns
a 80 per cent. interest in the Inter
national Petroleum Company of Maine
At the annual meeting yesterday
Harry f. Sinclair and III. p. Whitney
were elected directors of Mexican Sea-
board.
The New York herald., 1921-05-26
ssss. 900, 900 Lent other Nations,

The latest loan of s100000,0O0 to
France swells the total of loans made
to foreign countries in the United States
since the first Of this year to S204,00O,-
600. Since the armistice $3.50, 100000 OF
foreign loans have been underwritten In
this country The French loan is the
largest Of this year and is seconded BY
the $40 000,0 loan to Belgium. made
in February. The other foreign issues
since January / are s2i.000,000 to Chile,
the $4,000, 900 Danish consolidated nu-
nicipal loan, the s25.000.0Oo Brazilian
loan and the 5000, 900 Sac Paulo loan.
Since the arrnistice the largest piece Of
foreign financing in the country has been
the British Governments ten year con-
vertible 515 per cent. bond Issue of
s14s,379, 900. Next in size was the Bri-
tlsh Governments three year con-
vertible 5ia. per cent notes amounting
TO s1O1, ,620,9 300 and the French Govern
ments twenty-five year 8 per cent. bonds
amounting TO s100.00O,000 The cities
OF Bordeaux. Lyons and Marseilles sold
bonds here amounting TO $4,000, 900.
other borrowers we're italy, Switzer-
land. Denmark, Norway and Sweden.
The New York herald., 1921-05-26
Cleveland Awards Bonds.

Eldredge & Co.. Il. II. Rollins & Sons.
Kountze & Co. and Redmond & Co. are
offering S2,200,000 OF the city Of Cleve-
lands 515 per cent. bonds, dated Febru-
airy / and March /, 1921. and due serially
on February / and March l, 1927, to
1871, inclusive, at prices to yield $50 to
525 per cent, according to maturity.
The bonds were awarded yesterday to
the syndicate. Their principal and in
terest is payable at the American Ex-
change National Bank The bonds are
in coupon form in denomination of
$1,000 with the privilege Of full regis
tration. They are legal investments for
savings banks and trust funds in New
York. Massachusetts and Connecticut.
The New York herald., 1921-05-26
Rules for Foreign Securities Deals.

Arthur c. Keck, secretary OF the AS
sociation of Foreign Security Dealers Of
America, sent yesterday to members OF
the association trading regulations
adopted by the board Of governors to
govern transactions in foreign currency
securities not listed on the New York
Stock Exchange. These regulations COM
prise seven articles as follows: Defini-
tions, denominations, forms of delivery,
coupons necessary to constitute good de-
livery, adjustments with respect to de-
livery Of foreign securities where proper
coupons are not attached. ex-coupon or
eA-interest periods. and methods OF quo
tation Of foreign securities.
The New York herald., 1921-05-26
Frisbie & Stans6eId Knitting Co.
First Mortgage Twrnty-Nenr sinking Fund
Per Cent. Gnld l,nnh.

First Mortgage Twenty Sinking Fund
Per Cent. Gold Bonds.
Pursuant 10 Article VI ~ the Mortgage,
dated July 4, 1914, securing the aforesaid
bonds, Bankers Trust Company, as Trustee
under said MORTGAGE. invites proposals FOR
fhe sale 70 i On July /, 1921. of bonds issued
hereunder nj prices not % exceed 100 per
cent. of their face value, IN an amount sur
ficient 20 exhaust as nearly as may be the
sum Of t25.Of4T TO be deposited % the
credit OF the Sinking Fund on that date. All
proposals should be enclosed IN scaled en-
relppea and should be delivered 70 tie Trus-
tee ~ It's Corporate Trust Department. iG
Wall Street. New York City, not later than
- o'clock noon on June 10, 1921 after which
notice win be mailed TO bondhuldcrs whose
proposals may be accepted, and tho Trustee,
70 the extent of funds then IN its hands
available therefor will, on July I, 1921,
uurchahc tho bonds 70 offered and accepted
IN the manner provided ~ raid mortgage.
Dated NJ Now York
this 18Th day ~ May. 1927.
BANKysKs TRUST COMPANY, Trustee.
Nv ~ ". WILSON. Jr., Woe Presidsns-
The New York herald., 1921-05-26
/. r. I. April Deficit S247,71O.

The Interborough Rapid Transit Conn
pany reports a net corporate deficit,
after charges, Of s247,710 for April.
1921, against s14,96s surplus for April
OF last year. The deficit for the ten
months ended April 80. 1921. totalled
S3.S07,S5o, greater by S1S2S,033 than
the deficit for the corresponding ten
months year ago. Gross receipts for
April were s4.724,916, against $4.599,227
in April, 1920. Gross revenues for the
ten months period aggregated S45,914,-
o51, compared with S42,589.075 year
ago.
The New York herald., 1921-05-26
Falling off in Called Bonds.

Bonds called for payment in June In
advance of maturity total $4,513, 800.
in contrast to s12,504.550 in June, 1920.
Most of the issues called are for small
amounts and nearly all will be paid off
at a premium. OF the total amount,
s3.762,000 are called in entirety. while
the balance, 1851, 300. are parts Of out
standing loans called to meet sinking
fund requirements.
The New York herald., 1921-05-26
Fur Exchange Plans Canyassed.

Bankers representing New York and
st Louis institutions conferred here yes
terday regarding reorganization OF the
International Fur Exchange, which re-
Gently reported deficits for the last year
approaching s1o.00O,O00. Several plans
were submitted by the Western repre-
sentatives. The meeting adjourned with
out action until to-day.
The New York herald., 1921-05-26

Baltimore and Ohio 3hs. ST, Paul re-
funding 4hs, Chicago Great Western 4s
and New York Central debenture S..
st. Louis and San Francisco income Bs
were dealt In actively at slightly better
prices. Local fractions were weak, par
ticularly Interurban Rapid Transit re-
funding 5s, which broke more than a
point from their opening price. Chicago
Railway 81 opened AZ 65 and then sold
az 63l5. In public utilities the most In
tercsting movement was q decline Of a
large fraction In Consolidated Gas Is.
Industrial bonds were active and fairly
steady Cuban American Sugar ss adj
vanced from 1904 to 101. Westing-
house Electric "a were active but little
changed Chile Copper 6s were easier.
The New York herald., 1921-05-26
Committee on Wheat Trading.

The managers OF the New York Prod
uce Exchange. are expected to appoint
a committee to examine into the proposal
to resume trading in wheat futures here
az its meeting this afternoon. Petitions
for the resumption of trading are being
circulated among the members. The
illinois House deferred action en- the
i.antz bill. which places the Chicago
Joard Of Trade under state control until
Tuesday.
The New York herald., 1921-05-26

cations OF Argentina, Uruguay Bolivia
and other South American countries for
the contamination Of new financing TN
this market, the gratifying response OF
investors TO the French loan caused talk
in bond circles to the effect that the Bel
glan Government would start negotla-
tions for n $4,000, 900 loan. That gos-
sip drew nothing tangible from bankers
heretofore associated with Belgian
financing. although the start OF such
negotiations would cause no surprise
Belgian loans have been uniformly sue
cessful In tfiis market.
The New York herald., 1921-05-26
Frisco Time Limit July l.

The voting trust for the preferred and
common stock of ST. Louis-S San Francisco
Railroad will expire by limitation on
July /. 1t Is officially stated that the
trust will not be renewed. Preparations
are under way for the exchange of stock
certificates for the voting trust certif-
cafes by a trust company in New York.
The New York herald., 1921-05-26
Trading Narrower, Prices Ense.

Trading In bonds fell or yesterday
appreciably and prices eased stlll fur
ther Foreign bonds, eXcepting Belgian
issues, moved within narrow limits Bel
gian Ga were the most active, opening at
1891. selling Up 70 95ss and back to
e4M. French Republic Ss which were
steady around 99h. we're watched with
great interest because ~ tho new French
loan. United States n Mexico 5s slipped
on about q point Rails we're inclined
20 heaviness. Recessi0ns were noted IN
The New York herald., 1921-05-26
short Time Issue Authorized.

The Buffalo Rochester and Pittsburgh
Railroad Company has been authorized
to issue s8.949. 900 of AZ per cent con-
soitdated mortgage bonds and pledge
and rcplcdge them from time TO time as
collateral security for short term notes
The company does not intend 20 offer the
bonds for Gale at present.
The New York herald., 1921-05-26
Time for Deposits Extended.

As a result Of the announcement by
the Chicago Great Western Railroad
Company that the interest on the first
mortgage 4 per cent fifty year gold
bonds OF the Mason City and Fort
Dodge Railroad Company. due on June
/. will not be paid tho bondholders COM
mittec. of which NJ N. BuclSner II chair
man, has announced an extension OF
time 10 deposit such bonds until June 20.
Such deposits must be made with the
New York Trust Company or the Illinois
Trust and Savings Bank Of Chicago.
The New York herald., 1921-05-26
TIFF AMERICAN TOBACCO COMPANY
Nh III Fifth Ayeuue

New York. May %. 1921.
A dividend OF 1lse5 has been declared upon
the Preferred Stock of The American To-
hncco Company, payable July /. 1921, 70
-tockhoIders OF record al tho close OF bust
ness June 10, 1921. Checks win be mailed.
T. NJ w HICKS, Treasurer.
The New York herald., 1921-05-26

Export sales of cash wheat In yester-
days market were small. totalling only
200 900 bushels Sales of corn were es-
timated at $4,000 bushels and those Of
-four at 1000 barrels. The sale Of flour
was of high grade and to British port
on fiat order without bid, the first
of its kind received by the seller In Ave
years The domestic market continues
Eft1
The New York herald., 1921-05-26
THE BORDEN COMPANY

PREFERRED STOCK DIVIDEND NO. ~
The regular quarterly dividend Of tisco has
been declared on the preferred stock OF this
Company, payable June 15, 1921. TO stock
holders OF record June /. Books do not close.
Checks 10 be mailed by the Bankers Trust
Company dividend disbursing agent.
sfiEPART RARESHIDB, Treasurer.
The New York herald., 1921-05-26

Ten-year seven per cent. sinking Fund Gold
Debentures due January 1, 1928.
SINKING FUND NOTICE.
NOTICE rs HEREBY GIVEN as provided
IN Article Three, Section l. OF tho Debenturs
Trust Agreement OF SOUTHERN STATES
LUMBER COMPANY with metropolitan
Trust Company of tho City OF New York,
Trustee. dated january 1, 1918. that offers
VIII be received until IL o'clock M. on Nom
doy, June IS. 1921. at the office of Metro
politan Trust Company OF the City OF New
York. 90 Wall Street, New York City, for
he sale to II OF sufficient bonds at not ex-
ceeding one hundred and five per cent Of
the face amount thereof. and accrued inter
est, 70 exhaust the sum OF four thousand one
fers should be sealed and addrerseed 10 tn,
southern states Lumber Company In cars
on tne Trust department OF said Trust Cont
psny. Tho right Is reserved to reject any or
all offers.
BY p. X. YoNGE, Prcsideht.
roo'hEhS STATES LUMBER COMPANY.
so Wall street, N. Y.
dated New York. May 20, 1921
The New York herald., 1921-05-26
NEW YORK PRICES.

WHEAT-No. Q red. S1.S6; No. . hard
$3.50, No. / Manitoba, Si.90; No. mixed
durum. Si.s3, c. I. {. track New York to ar
rive.
CORN-No. yellow and No. 2 white,
s1Mc.; No. mixed, s1Ac.; c. !. 4. New York
ten days shipment.
OATS-No. / white 53c.; No. . white,
52lAc.: No. 3 white. 50hc.; No. white,
4slac; fancy clipped white, 56957c.; ordi-
nary clipped white. 52hQ54lsc.. all elevator.
RYE-No Western. $1.75ls, I. 0. b.. and
s1.72lA, C. l. T. New York.
BARIEY-Feeding. 71G70c.; mailing. s1G
Sec; c. 1. Z. New York.
HAY-No. 1, S2S130; No. 2, $26G2s; No.
3. s23Q25: shipping. s20d21 a ton.
sTRAW-Nn GoElIOR
The New York herald., 1921-05-26
7 telephone Sales Manager
Wanted

TO solicit trading connec-
tions in New York Stock
Exchange securities over
the telephone. Prefer man
now connected, with a fol-
lowing Of salesmon who can
produce results. Good sal
airy and liberal bonus to
right m n. Telephone
Madison Square $3.50, Mr..
Wilson for appointment.
The New York herald., 1921-05-26
DIVIDENDS AND INTEREST.
UNION PACIFIC RAILROAD CO

se.5O pcr share on the Common stock
Of this Company has this day been declared
paynble on Friday, July 1, 1921, TO stock
holders of record at 7. M. wednesday
EDWARD q. SMITH Treasurer.
New York, NJ Y, May IL. 1921.
The New York herald., 1921-05-26
DIVIDEND NOTICE
CREX CARPET COMPANY
Sro u..rtb AySnus New York

a dividend OF iIhe6 has been declared or
the capital stock OF this Company. payable
IN June 18th, 1921 to Stockholders Of Roc
ord A. the close Of business June 8rd. 1921
The Stock transfer books OF tho Compan,
will not be closed.
MAURICE vEUvE. Treasurer.
Nfov 1901
The New York herald., 1921-05-26
Loan to Pennsylvania Approved.

wAsHrNGToE. May 25.--The inter-
state Commerce Commission approved
to-day the application of tho Pents syl-
vania Railroad for n Government loan
OF S5,700,000 to enable It to meet IL
maturing obligations.
The New York herald., 1921-05-26
Belgian Lonn Cominge

Just as The success Of the Bra2sian
loan Offering resulted In renewed aslpih
The New York herald., 1921-05-26
BID AND ASKED ATIOl
FOREIGN BONDS.
n y STOCK EXCHANGE QUOTATIONS.

n. \. STOIk ENNHHNuF VUVIAITUNS'
To the following prices accrued interest IL
to be added In every case:
The New York herald., 1921-05-26
INTERIOR RECEIPTS
FLOUR.
~. VT.

FLOUR.
New York.
Spring patents and hard winter straights,
sgg9.50: spring clears, $7.2567.75; soft win
ter straiehts, s7.25@7.75. RYE FLOUR
Steady; fair 10 good s9d0.50; choice to
fancy, S9.50110. WHITE CORN FLOUR
Dull; $1.S56b2 100 lbs.
Minneapolis.
Flour, 1Oc TO 20c. higher; in carlosd lots
family patents quoted at SD.601975 bhl.,
The New York herald., 1921-05-26
BONDS IN STOCK EXCHANGE
1921

WEDNESDAY, MAY 25. 1921.
The New York herald., 1921-05-26
RANGE OF LIBERTY BONDS.

Days sales .................... s12456,000 s1S,9
Year Observation-Disclosures. 11S9406 900 1639,s
The New York herald., 1921-05-26
SOUTHERN STATES LUMBER COMPANY

To the Holders of
Ten-year seven per cent. sinking Fund Gold
Debentures due January 1, 1928.
SINKING Fund NOTICE
, 1921-10-13
KILOGRAMS.
ST. CROIX STATION.

L AO4N
Lisbon, Oct. 10th Sir Ernest Shack
Teton, who is leading a party of explor-
ers into the Antatic and was forced to
put into this port when a heavy storm
damaged his little ship, the Quest
announced this morning he would re-
sumo his voyage today. Repairs to the
vessel have been COMPLETED.
London, oct. 10th. Mr.. Michael Col
Inns, Sim Fein Minister of Finance, ar
rived in London this morning, complet-
ing the Sim Fein delegation which to-
morrow will confer with representatives
of the Government, to ascertain, "hew
the association Of Ireland with the com
munity of nations. known as the British
Empire, nay best be r~econciled with
Irish National aspirations The Sim
Fein delegates were early at work to-
day, completing arrangements for the
meeting, Mr.. Lloyd George and the
members of his cabinet forming the
, 1921-10-13
St. Thomas News
FLOATING BOMB LOADED WITH
RUM.

1t has been rumoured since last week
that an American four-master loaded
with rum to the amount of 1000 pun
cheons turned turtle on the water while
on fire, which resulted in release of her
cargo while on her way to France from
Martinique: but yesterday WI proved the
truth of the statement when Captain
Benjamin on his way here from St. John
V. l., picked up one Of those enviable
casks of a capacity of so gals. and turned
it over to the Customs Authority on his
arrival. It is further stated that the
beaches of Tortola and other adjacent
islands have been covered with about
400, and fishing smacks are cruising
the waters around those islands as the
sub chasers once cruised for subs. Some
say hat Benjamin is a fool; others say
he is a wise man, you can also add your
opinion. The Bulletin Oct. 5th.
, 1921-10-13

bers have been viewed in the past. He
went further in the matter of bringing
to them very ~confrontedly the fact that,
theirs is a noble effort to which if con-
tinued interest, ernest endeavor, and
~zealousness be added, cannot fail to ac-
complish that for which it is intended
an uplifting organ of the community.
It was at this>point that the benedic-
ton of God was implored, while the men
very reverently stood around with DO yed
heads.
The first publication was launched to-
day, and the first issue from the press,
which bears in bod types its name, The
St. Thomas Times" and Herewith mark
the advent of this new paper, will be
presented to His Excellency the Cover
nor.
We of this island re acquainted direct
ly or indirectly with the evolution of this
body of men under their energetic and
inspiring leader, and it behoves US indi
vidually and collectively, to encourage
according to the Measure of our ability
the work Of this organization. since it
cannot but add also to our honour and
responsibility as a people. ST. Thomas
Bulletin, Oct. 8th.