davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-07-13
These Yield $50 to $50 Per Cent.

Here are some first mortgage raliroao
bonds deserving high ratings and which
can be bought to yield $40 to 7.5O per
cent: The Lake Erie and Western Rail-
road Company first mortgage gold 5s
are due on January /, 1887. That road
Is controlled by the New York Central.
It's bonds are secured by first lien at
the rate of S10,211 mile on 71o.o2 miles
Of very important mileage of the New
York Central lines and on appurtenances
and future acquisitions. They are foi-
lowed by approximately $3,625,ooO or
second SIS, due in 1941. The bonds are
listed on the New York Stock Exchange.
on which they have sold as high as
111A. Their recent price is around ~
at which they yield 7.40 per cent. Ihe
st. Louis and Cairo Railroads flrst
mortgage gold As are due in 1881 ana
are secured by closed first lien on loo
miles of road between East st. Louis
and Cairo, ILL.,, which is an Important
main line mileage of the Mobile ana
Ohio and gives that system Its entrance
into st. Louis. The bonds are assumed
by the Mobile and Ohio and are followed
by s2.50o,000 OF st. Louis Division os'
They are legal for savings banks IN SIX
States and have sold as high as 9s "a.
Their present price is 76h. at which
thew yield about 7.50 per cent.
The New York herald., 1921-07-13
worth Investors, Attention.

Another group worthy OF consldera-
ton includes the Kansas City, Fort Scott
and Memphis Railroads consolidated
now first mortgage 6s, due In May.
1928. They are secured by closed first
lien on 6Ss.S3 miles of road at about
$4,000 a mile which is an important
main line mileage of the st. Louis ana
San Francisco system. They are 1ol-
lowed by approximately $26,0O0.Oo0 OF
refunding As of 1886. which provide for
retirement of the first 6s. They are
listed on the New York Stock Exchange,
on which they have sold in the past as
high as 121. Their present price Is 81 a.
at which they yield Z per cent. the
Beech Creek Railroad Company's first
mortgage gold As are due In July, 1850
A first mortgage on road from Jersey
Shore to Mahaffey Junction, Pa. ana
various branches, a total of 1888 miles.
is behind them, and their principal ana
interest are guaranteed by the New \ oriS
Central Railroad Company. The bonds
are tax exempt in Pennsylvania and are
legal for savings banks of several states
They are listed on the New York Stock
Exchange and have sold as high as
1O0%. At their present price, 7SA' they
yield go per cent.
The New York herald., 1921-07-13
Average Bond Prices
July ls. 1921.
BOND NEWS AND NOTES.
shnwinigan water Issue offered


The Shawlnigan Water and Power
Company has sold to a banking syndi-
cate composed of Brown Brothers & Co.,
Lee, Higginson & Co.. Alexander Brown
& Sons and Jackson & Curtis $2,500, 900
of It's first refunding mortgage per
cent. sinking fund gold bonds. dated
January 1, 1921, and due on July 1, 1850,
and that syndicate will offer them to-
day at 901a and interest to yield about
6A per cent. The last previous financ-
ing by the company was a year ago,
when s4.000,000 of six year IN per
cent. secured convertible gold notes, due
on July 1, 1926. were distributed at
97.65 and accrued interest to yield 8
per cent.
The proceeds of the new issue will be
sufficient to pay all of the company 8
present floating debt and provide for
it's new construction. 1t is callable at
the company's option as a whole or in
part after July l. 1926. or at any time
for the sinking fund on any interest
date on sixty days notice at los during
the first fourteen years, at 104 during
the next five years. at 103 during the
next five years, at 102 during the next
three years. and at 1o1 thereafter plus
accrued interest in all cases. A sinking
fund OF l per cent. a year (its first pay
ment to be on December 81, 1929 on
all outstanding first refunding mort
gage bonds will be used to retire the
bonds by purchase at not exceeding
call prices or by call II not so purchas-
able
The New York herald., 1921-07-13
To Our Readers.

Since the inauguration OF the bond
department THE New YORK HERALD has
received large number Of letters from
readers asking for guidance in the in
vestment OF their savings. Usually such
correspondent states that he has GER
tain sum of money to invest and asks
for list of bonds in which he could
safely place his funds. 1t would not be
practicable for THE NEW YORK HERALD
to assume the responsibilities OF finan-
cial adviser to its readers individually.
The best II can hope to do is to point
out weekly in this column certain bonds
that appear to be selling out of line or
seem to offer exceptional investment OPP
portunities. The utmost care Is taken
to exclude from this column all men
ton of securities which appear risky or
are known to be of a questionable char
acter. THE New YORK HERALD, how
ever. always will be glad - furnish It's
readers with all available information
concerning any bond issue.
The New York herald., 1921-07-13
INVESTMENT NOTES.
American Power and Light.

One of the most attractive power
bonds issued recently is the American
Power and Light Company's twenty year
IS, due on May I, 1941. At their current
price of around .9S1a and interest their
yield is S.15 per cent. The issue IS
outstanding to the amount of SS,5OO,oOo
and secured by twice that amount OF
subsidiary companies general mortgage
bonds, none of which is, earning It's bona
interest charges less than twice. The
company is managed and controlled by
interests identified with the Electric
Bond and Share Company General
Electric Company subsidiary. Inc Amer
lean Power and Light Companys prop
critics have shown consistent and ma
terial increases in gross and net earnings
since its organization in 1909. In l909
its gross earnings were S777,4S2, ln lslo
S7.326,096 and in 1920 reached s2l,9l5'-
O92. Its net earnings of those years
were, respectively, as follows S243,9oS'
s3.454,243 and $7.431,31O.
The New York herald., 1921-07-13

particular attention paid to Great North
ern rs. Northern Pacific-Great Northern
Joint 6hs, st. Louis and San Francisco As
and Pennsylvania gold 6hs. Great
Northern 7s advanced from SA 20 80,
and tho Joint 615s from 9SA to 90
Gains we're made by Central and Ohio
convertible ANS, Chicago Great Western
As, Minneapolis and ST. Louis 5s and
Erie prior lien 4s. In the industrial list
most interest was paid to a riso from
57B TO 80 I'm Cuba Cane rs. Goodyear
Tire So were active. as were Northwest
ern He'll Is. Foreign bonds were quiet
and little changed and business in Lib
ertys and Victorys slaokened.
The New York herald., 1921-07-13
New Rail Issues Allowed.

The Chicago. Rock Island and Pacific
Railway received yesterday permission
to Issue s6,470,230 of rent notes under a
contract with the National Service Rail-
way Corporation in the purchase OF new
equipment and 10 guarantee a Govern
ment loan Of Si.56S,540 to that railroad
corporation, which Is authorized to
pledge the necessary collateral for the
advance The Interstate Commerce
Commission also approved the applica-
tion OF the Minneapolis and st. Louis
Railroad to issue s1.5o3,o33 OF rent notes
under an agreement with tho National
Railway Service Corporation for the
purchase OF equipment and TO assume liza
bility for the payment Of Government
loan Of s3S6,i90 TO that corporation.
The New York herald., 1921-07-13
Underlying Railroad Bonds.

Asserting that underlying bonds OF
important railroads are the safest ana
most marketable securities to be OBJ
tained and advising their purchase now
while $50 and per cent. over long
period of years can be obtained one
railroad authority says: THE transpor-
tation act of 1920 provides In substance
that tho Interstate Commerce Commits
sion be directed TO establish rates which
will be adequate to provide the carriers
with an aggregate annual net operat-
Ing income equal to a fair return on
the value OF railway property held In
the service OF transportation. For pur-
poses of the act per cent, on the prop
erty valuation Is considered by the
commission TO be n fair net return IL
IS generally conceded that valuations on
most railroads will be about equal TO
the property investment accounts OF the
railroads as shown on their books ana
In some cases will exceed these figures.
Such valuations place 100 per cent. OF
property value behind all the bonds and
stocks outstanding. One can readily see
from this that prior lien or first mort
gage Is many times safeguardcd by
recognized property values which cover
all securities following. and In addition
rates must be maintained 60 return
fair amount of interest on the entirety
Take. for example, railroad with prop
erty value Of $4,000 per milo recog-
nized bv the commission and which Ia
provided with return OF per cent
thereon; a first lien of 100000 n mile on
important mileage is In effect fully pro-
tactod by the act
The New York herald., 1921-07-13
Power and Light Investments.

In view Of the excellent record demon
strated by power and light company
bonds during and after the war the feel
ing is becoming more widespread that
securities of that character should be
made legal for savings banks in New
York State. Many other States. includ-
ing Connecticut and Rhode Island, &c,
have made laws of similar effect. Should
tho savings banks of New York State
be authorized by law to purchase those
securities undoubtedly they would sell
considerably higher than they do now
to meet lower yields obtainable on SINH
lar railroad issues.
The New York herald., 1921-07-13
United Kingdom Notes.

The delivery of United Kingdom
notes. due on November 1, at the Of
fices of J. P. Morgan & Co. under the
recent announcement of opportunity for
immediate redemption is surprisingly
slow, according to bankers. who expect
ed that a large part of the SSo.000.OO0
of them outstanding when the announce
ment was made would have been turned
in ere this. The explanation seems to
be that the notes had been bought up
freely as a short term investment and
that the present owners are satisfied to
have their holdings run on to maturity
in November. The notes that have been
retired thus far have resulted largely
In a fresh investment in the United
Kingdoms II 1929.
The New York herald., 1921-07-13
Maiden Bonds offered.

Watkins & Co. have purchased an IS
sue of s226.000 of city of Maiden. Mass,
5. ~ and 5la per cent. bonds maturing
In 1922 to 1851, inclusive. at prices to
yield SIS to 400 per cent, ac-
cording TO maturity. The bonds
are legal investment for saw
ings banks and trust funds in New
York, Massachusetts, and Connecticut.
Sherwood & Merrifield are Offering $176,-
900 of $50 per cent. coupon bonds OF
Wyoming county, n. Y, maturing $4,000
annually on February /, 1923, to Feb
ruary l. 1914. inclusive, at prices to
yield 5.75 70 80 per cent.
The New York herald., 1921-07-13
Taken From Big Bonrd,

J. =. Morgan e Co and the Guaranty
Trust Company receipts for twenty-five
year external gold ~ per cent. sinking
fund redeemable bonds Of the Kingdom
OF Belgium, due on June 1, i945. have
been stricken from the list OF the New
York Stock Exchange. The Kingdom OF
Belgium's S4S.000.00 OF twenty-five
year external gold loan III per cent
sinking fund redeemable bonds, due on
or before June /, 1894, have been ad-
mltted TO trading on the New York Stock
Exchange
The New York herald., 1921-07-13
Worcester Sells Notes.

The city OF Worcester Mass. has
sold to +. S. Moseley & Co. at $50 per
cent. discount 100000 of revenue notes.
dated July 13 and maturing on Novem-
Der %. 1921. The State of Maryland
will receive until August 10 bids for
100000 of Az per cent. certificates of
Indebtedness. known as the bridge loan
Of 1920. and 100000 of Az per cent.
certificates OF indebtedness. known as
the construction loan of 1920. Both Is
sues are exempt from Federal, State
and local county and municipal taxa
ton.
The New York herald., 1921-07-13
To Vote on Textile Project.

special meeting of stockholders of
the Consolidated Textile Corporation
has been called for July % to act on
a proposed issue Of 100000 of first
mortgage twenty year per cent sink
ing fund convertible gold bonds to be
due on June 1. 1941. Several weeks ago
s3,500,000 Of the bonds were sold, and
the remainder will be issued from time
to time for cash.
The New York herald., 1921-07-13
THE NORTHERN PACIFIC TERMINAL
COMPANY OF OREGON
First Mortgage Six Per Cent Gold Bonds
Due ,January 4. I033

Tho Farmers Loan and Trust Company
as Trustee under tho Mortgage made by the
Northern Pacific Terminal Company OF Ore
gon, dated January 1. 1883, soicits offers OF
bonds for the sale to the Sinking Fund under
said Mortgage of many bonds OF said
issue as SIS .447.20. applicable TO the purpose
VIII redeem at not exceeding a premium OF
ten per cent. upon the principal. and that II
VIII purchase said bonds to tile extent of tho
said s75.4i7.20. being I'm It's hands for that
purpose. at the lowest price or prices not
exceeding the rate above stated. Offers or
bonds must be presented before f2 o'coci,
Noon on Friday, July Is, 1921, and should be
directed as follows: proposals 20 Sinking
Fund OF The Northern Pacific Terminal Com
pany Of Oregon The Farmers Loan and
Trust Company. 1922 william Street, New
York City"
TIE FARMERS LOAN AND TRUST
COMPANY. Trustee.
BY JAMES II. PERKINS, President.
Dated New York. ~ Y, July 4. 1921.
The New York herald., 1921-07-13
METALS.

On the New York Metal Exchange
yesterday tins were quoted as follows
Straits. 27.75 for spot and future de-
livery; standard, 1850 bid for all de-
liveries, and 90 per cent. 27.75 asked for
all and In twenty-five ton lots,
Copper was easy and pots1nnd~July
The New York herald., 1921-07-13

electrolytic were offered at 1875; later
months at 1887 u standard spot at IL,
and July, August and September were
11.50 bid. Sales were twenty-five tone Of
September standard at 11.S0.
Zinc was quoted at 4.65 for spot In
New York and offered at 4.35 In East St.
Louis.
Spot lead was ASS asked locally and
all positions were offered at 4.35 in East
ST. Louis.
The New York herald., 1921-07-13
ACCUSED OF SHORT wEIGHT1NG

Gaetano Burdo. 20 years, OF 40S West
20ith street, was held in 800 bail In
washington Heights Court yesterday
for alleged shortwcighing In selling ice.
He Is accused OF selling seventy pounds
of ice for the price OF 100. The charge
will ibe heard in Special sSesions.
The New York herald., 1921-07-13

An advertisement IN tho Lost and
Found columns Of THE NEW YORK
HERALD offers real possibility Of
recovering your lost property.
The New York herald., 1921-07-13
RAN Bond. Most Active.

The bond market displayed yesterday
a firm undertone. although the volume
OF its business was not heavy Railroad
bords were in greatest demand. with
The New York herald., 1921-07-13
Investor and Bond Ira

/ All Invetme hrmsap appearing in these column hImnhI
of Bonds asowIli
1NO I on tmeetin t individual
The New York herald., 1921-07-13

w WeSternElec 5S
1854
West Md IS
3.......53
WestPaci0c ist
1.......7Sl2
1.......7Sl4
West Shore IS
1.......71
registered
.65l2
West Union s.
I.......S5
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-01-27
STATE MAY TAX ANGLERS,
BUT BOYS NEEDN'T WORRY
Fee Of 81 for Al Orer II Fishing in Pennsylvania oters
Proposed-Need Money for Propagation
Hy GEORGE NOX MCCAIN

Harrisburg. Jan. 2T.--Talking about
fish, here is story that will interest
about 600, 900 fellows in tho state. to
say nothing Of twice as many boys aud
girls.
There is bill being prepared for
presentation in tho Legislature licensing
fishermen. The license is to be fixed at
81 year for vcrybody above seventeen
years Of age.
state Fish Commissioner Butler was
n boy once himself. aud he still has a
boys love for the line and rod. Ilc
will SOC 70 II that no boy or girl in the
commonwealth IS to be- deprived of that
once great joy in lirc--fshing
There is on" other class that will be-
exempted from the operation Of the
fishing license bill. Every farmer or
land owner can fish on his own prop
rr,l, or in streams passing through it,
without IN" state license tag.
Commissioner Bullcr and his star
anticipate no very serious opposition 10
tive bill. As he puts it. we hayH a
hunters license. why not fishermen =
Nr"nSc+
! had n long talk with this very in
tcrc>ting official. and the mon who love
10 fin would do we'll 10 read what h.
save before they start ballyhoo or a
Lrlc.and-rrv of protest and objection
to Ills I'm.
E"l'cr is ono Of tho oldest cu,ploycs
or trc state For forty four years hc
ho. lccn engaged in tho work cf uro
tcr,ina our streams the management
or a tTrlcric, and Tho direction the
br,r.yI Of which hc is now thc head.
H., !. ono of ,hc host nostcd mon in
,hc 1.riicd Statc. on tho subject Of fsh
ord G.h hotchrrics ori ,bc noI,uiion n'
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-01-27

streams win soon be lost sport. nc
natural propagation oi hsh III our l"N|S
and st~alns cannot keep pace with tho
losses Nctry 70 supply this dchcicncy
rom our nv" hatcncrlcS' but Even
ms IS nor sulhcicnt. Icy me mus
trntc' sara Wc commissioner very
eaIneN''H'
Up until recently fishing with other
than rod and line was prohibited. Then
law was passed permitting MS 10 issue
Incs din pcts col roch. ard smr,rs
'Thc returns made by this class Of
fishermen. not one Of whom was
licensed or paid a fec. showed that last
year over 100000 of fish were taken
from our streams. Ono concern cleaned
up Sl1lO from its ccl racks. How long
cnn this sort Of thing go on aud our
waters not be completely cmpticd Of
iiShF
"Thc State Legislature authorizes the
commission Ia appoint sixty.tvc fish
wardcnS and protectors of streams
agnins, pollution. Our appropriation on.
shlcs us 10 cmrloy only nine mon for
the entire state.
"Inst wear We issued 30 600 ncrmitS
for not. spear and eel rack fishing. vet
no extra prov;sion was made for the
additional hrlr needed in tho work Of
issuing or keeping track of these per.
mitS.
"A license fec If 81 r,r. every fisher
man with cradcd fec for din nets and
such. would bring in n revenue of about
SjOO OOO
"Wc could cmrloy moro mon to IA
trol orr streams and lakes. We could
increase tho nutrut Of our hatchcrics
and thus keen the lakes and water
courses better stocked.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-01-27
75G|RLS GRADUATE
AT S. PH|LA. HIGH
Commencement Exercises Will
Be Held in School Audi
torium Tonight
EDUCATION is FORUM TOPIC

The seventy five graduates Of th"
sixth class Of tho South rhiladclphip
Niob Scb,ol ror C,r,s VII bc given
-, ,,-,--, .-.,,,,,,,,, ,,,o,
'n'lr o'p'on'eS ~ 'o'''u''"''''' III '''
rises TO bc held toniEhi IN 'N' aldl
forum Of the school. BROAD stree, and
Srvdrr .vcnuo
M. .,. ..,, .,.., -, S.rI
Nv ''r'',S'S VIII 49,
''"A' .o''oWlnE Il" ''''',
Lncy J." W. wilson. nr'''""h' "' 'n'
school, tho students Themselves will
conduc, n forum, discussing "Tdura
.;or Geo. re- =, >f;.. t,,,,r,o Slir,cr
w" ''t ''' ''"''''"
Lemoort VIII PRESIDE
Miss Elizabeth TrGrhtmau VIII talk
on mathematics foI,ov'np which there
.r,iu ho di.o,,..i,, .t 80, .,b;o,, L,.
49, ''.
MISS CIalrH Weiss MIS- mary II An
gelo. Miss Ray Whisky and Mis-, l"ar'
Krav;tsky. LANGUAGES with ne fine sub
d., ,oLo, b.. ~ l.ron,,,.o ,r,s.
Ttis, Rosor,., rina,,,I,,.,, Ma. t,,,,,.
Inc voronn N;ss T,",iIn GitcnboT o..
N;,s Et%nI EoI,,n,o, III. ITiITo T,iio.
Jen Niss tIr,. |mIon NT;t. il1rrr,
Jaytor and Wisy T.,Lcr p,bi,ov.it,.
will thcn discus, thc .rhIc.r '
M, ,,;.
b'N'"s>'o" 'n H''''H
-, ,u'N >.:r ~" "'r,W'H Wy M',N IAN. J.,
With Miss Sarah WHGrrmHn Mis-.
Sadie SccoI Miss Dor,il, pon.lcr and
Miss Kate SiIvcrmar taking mar, Science.
will hc tho subject "i q talk hH Miss
Fanny StcinbNrg before di,cu,.ion b.
Miss Clara Scott Nli,. Am, Firth ann
Miss Ray S"GaJ.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-01-27
Lamps and Clocks
Below Market Prices

Reductions IN many instances That arc
lower than the new lowered prices. Greater
savings than we have been able to offer since
before the war From Candlesticks to Torch
eres, and from Plain alarm" to magnificent
Hall Clocks with Sonorous Chimes.
Ornamental Mirrors Greatly Reduced-A
wonderful choice for Buffet, Mantel, Serving
Table Console Table and wall decorations
Many our own exclusive design and manufac-
ture. Sl.50 to $4,000
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-01-27

IN years, lower IN price than anywhere we
know of, and thousands will make the most
of the opportunity.
q Everything that is plain and dependable in
Furniture, as well as all that is grand and
ennobling in design and workmanship All the
new and charming styles, from the most ineXpen-
sive Furniture to the magnificent Period Repro
ductions, including many exquisite and exclusive
creations from the hands of own Master
Craftsmen. In addition, thousands of Suites
and Pieces marked far below the new lowered
prices. Discontinued lines odd Suites, Single
Pieces-rare values on the whole in which this
Americas Greatest Factory-Furniture Store
never permits itself to be equaed.
G Acquaint yourself with these matchless advan-
tages. Make yourself at home in tour of this
wonderful Store-for you, as well we, have
most to gain by an inspection OF the Furniture
and q comparison of our prices.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-03-15
Pure Oils Record Production

With the completion Of four notable
wells. Pure Oil Co. 3 Cabin Greek field
in Boone and Kanawha counties, West
Virginia, has just recorded the greatest
days production in its history. An
aggregate of 300 barrels was the day 3
total run. The new competitions are
the company's Nos. I. II and Is on the
La Toilette, Robson and Prichard land
and No. 1876 on the Williams Co. land.
The No. 7 made 100 barrels. No. II
made 2S5 barrels. No. Is made 2lO
barrels and No. 1876 made 30 barrels,
or total of $50 barrels new produc-
ton. The La Toilette. Robson and
Prichard wells are in the Joes Creek
part of the field in Boone county and
the Williams coal land well is in Kama .
wha county part OF the field. There is
an underlined gap between Williams
coal land wells and the development on
Joes creek. a mile and a quarter long.
Company officials are of the opinion that
this will be the most prolific production
so far located on this property. The
most advanced located on the southwest
end of the Kanawha county develop
ment on the Williams coal land is No,
2O5. completed last November, and still
doing 200 barrels day.
Pure Oil Co. has approximately so, e
900 aCreS of leaSeholdS ana Zee lahuS'
making one continuous property lying III
a wide strip northeast and southwest
through Kanawha and Boone counties
over nineteen miles long, The proved
area locates the oil in wide streak
through practically the very center of
the company's acreage and up to date
more than fifteen miles long. Oil of the
high quality produced here is not known
TO be around in any quantity anywhere
else in the world. At the present time,
when PENNSYLVANIA grade crude is priced
at S3 a barrel, $3,50 is being paid for
the Cabin creek crude. When Pcnnsyl
yNnia was at its top price Of $8l0. the
crude production Vt Pure oil Co. in this
field was commanding a price of $N.SI
barrel. This oil is Of very light
amber color, much lighter than th'
standard Pennsylvania grade crude. II
is of ~ degrees gravity and has n re-
tining content of II per cent aviation
gasoline 30 per cent motor gasoline; -
per cent Kerosene q per cent fuel anC
gus oil; II per cent wax diStillGte; II
per cent 600 cylinder stock, and pei
cent refining loss. -.
TIE TRADER