davidaulloa/AmericanStories huggingface dataset:
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-08-02

WASHINGTON. Aug. IA oiniosollaS
subscription 10 the treasurys coined
Offering Of S3o0,ooo.ooo In cef7ates
Of Indebtedness was announeeeoday
by Secretary Mellon.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-08-02
KU KLUx UNDER FIRE

HOUSTON. TON. Aug. l--NccI1rin.| Eat
we arc facing 4 condition NcrS.ur IN
anarchy wors" than Russia ever f.''.'
and hrahdiag practices of taking mon
out with"ut giving them :, fair trial md
submitting them 70 !ndignitirs As
Pharmacies. cnwIrd!y procedure" Judge
.. ". Robinson. - criminal r"ur'. To-
day charged the new grand jury 70 n
I"stiEai" ""Fsry unia wfui transaction
In this county,
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-08-02
MOUNDSVIILE
HOBART GR|hEN!
HANGS FRIDAY
11AN GIVEN 30 DAY RETRIEVE BY
GOVERNOR MORGAN WILL FACE
DEATH AGAIN THIS WEEK

Unless ne Is g!vc2 executive r!"in-
ency again Hobart "r!:iSH-rGH" I'm ~
convicted ard Nca,Cn.'''l - H. IT, NJ
murder u sS,viEcn 'ialcn"k novelty wire
mana rart1r"r III Pittsburgh NJ. ht";
AZ the S',.te !-'Son here Fr!ta! ":."r-
noon. The rirlr FOR ;hr execution has
been srr by Warden !. T. T'rr"" as
) so o'c!"cA. Gr;Hlm - yet 'u:'f""d IN
4 cell n 'mur,!e:'s row" ~ ~" south
w:mS -: ;E.' i'":lr. INSTITUTION.
Gr!n,in Wa 20 hav. been cN"cutch on
July ~ last but "". ia; - Il" In'"r-
veu:.uu u Governor Morgan WAS gwen
Il STAY Of tu!rS days. Scvrra. a"y"rs
have since the date Hrs: .'et for has
r>e, ut!"n conferred with soy. Morgan
al Charleston, but nothing Hs -
Wh"ft.r. or U"t Grimm would be spared
from ;hc ct!IowS this time Las ""n
gwen out. The doomed man Will prob
ably be moN ell 10 tie death r"N -;
Wednesday, or Th.rSday. the day ht' =
Ing not been LrEIdrt upon.
Tried to Rob Store
James Malone and Mike Dunlevy TWO
coal miners ~ th!S city. are confined IN
the county pail here awaiting the action
of tho ttit term -! III" grand jury in
their cases The TWO men Were arrested
u
Officers Wright pnd Lchew As they
were about to inter IN. {. T.. i.'.,c;t
..ro,ccy ,lorr corner Grant avenue and
I:r~, street; The wuHiI-!" t@'N"S
were c,vcn h"arIrc before squire l..
u Lewis yesterday n"gr.rg H"d "ere
he'd Ia thu -, jury w!'Hp'' N"',.
Trpncis on Commission
A f. Francis .pC, mIn"ni Eiv, "ry'rAn
-! :h:s r.'y. h4s s'ccpich ii "2r"!nt-
r.,:tj on jur State Fish and 'itn." COM
:nIs-.uii :...,dc 10y Governor t.. !. Nor
KAN Nix Frances is = WEI. uu%.''N''
man Tor ;h,s position and VIII w''H""t
doubt prove worthy aid {" the state IN
enforcing IT'S 'ish and game laws. His
,?poin,mcnt takes effect Immediately.
The other TWO members OF the c"mtniS-
sion ar Or. &. a. Young OF Buckhan-
non. lpsuur county. and Charles l. "a
bell OF Carbon. kanawha COUNT
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-08-02

how you can get these figures on a
Burroughs Machine in a few minutes
each day without any increase in your
accounting overhead, and how this
Burroughs Machine will actually pay
its way in your business.
lift fits your business, you're going
to benefit for life. lift doesn't, you've
lost only few minutes time in salts
tying yourself once for all that you
have made the right decision.
Many Burroughs Machinesare sold
now at prices as low as before. the
war. You can buy a Burroughs
Adding Machine as low as $780,
Bookkeeping Machine as low as $3.50
with small down-payment and on
easy terms. Ask Jour Burrough,
salesman why it wiU be to your fnan-
cial Advantage to buy this month.
Don't miss it. Call us on the tele-
phone and our representative will see
you at your convenience.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-08-02
Watch Your Profits!

A message to the automobile dealers,
garages and accessory dealers in this city.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-08-02

DROFIT is not in increase of busi-
L ness alone but in decrease of
expense, in prompt collections, in
proper pricing-in many other things
that 90 on in business.
It's true in your business, in your
kind of business and there's one
important side of it where we can
help you.
We have story to tell you-a
brass tacks story with names, dates
and figures. It's about increased
profits in concerns in, your own line
of business through reduction in ex-
pensc, in better collections, in proper
buying, and in better business control.
Some remarkable things are being
done in your industry and we want
you to know it-that's all.
Give US fifteen minutes to show you
the real business building steps you
can take if you have the proper facts
to build on. Then let us show you
New-York tribune., 1921-10-01
Break in Marks Explained

Assertions that the collapse in the
exchange value of the German mark
from the 1-cent level on September 10
to 1872 of cent Thursday WAS due
to speculative selling seem to have
been borne out by statements of Arthur
Meyerowitz. of Meyerowitz, Wolf &
Co., foreign exchange brokers' Mr.
Meyerowitz, who has just returned
from stay of more than two months
in Germany, says he rode on the train
from Berlin TO Hamburg. Septem Der
10, with the head of the foreign ex-
change department of the German
government who was starting on va
cation which ended yesterday. Mr..
Meyerowltz was told that the German
government would not enter the ex-
change market again until after to-day
because all requirements up to that
time had been met. For that rea-
son Mr.. Meyerowitz feels certain that
the selling Of marks was for private
account and was induiged in in part
to support industrial stocks on the
Berlin bourse which have risen to
phenomenal heights in the collapse of
German marks. The situation has,
therefore, been reversed. At the start
the drop in marks sent industrial
stocks skyrocketing; now spectators
in attempting to avert panic, are
throwing marks on the market, thus
depressing their value, and the ad
vance in stocks has become the cause
instead Of the effect of lower rates for
marks
New-York tribune., 1921-10-01
Diyersification Is Advisable

Question: have been in the habit OF
keeping what have in principal Csf5.o 900
In aip pretty we'll split up into mortgages
of not more than $4,000 each. Would it
not be better TO divide what | have among &
a larger number of bonds than just two
May | trouble you to give me list of
OF six or eight other bonds which YOU con
slider safe as United King dom 5s 1887.
and Northwestern Bell Telephone IS, le41 :?
Is there any publication which gives the
fun statistics OF value OF property back
and past records upon which earnings are
based. etc. MAY trouble you to let me
Know what it is and where can pur-
chase a copy? In purcha sing through my
bank am ] perfectly safe in getting what
| purchase? have read 50 much lately
about stolen bonds and bogus certificates,
etc and will have 10 depend wholly upon
relia bility of some medium through which
to purchase. As know nothing whatever
about securities or how TO identify them.
want TO thank you for the very great
feeling of conservation with which your
column inspires me.-Mrs. e, b.
Answer.-You do not say what your
bank is, but if you have confidence in it
to deposit your money there you ought
to feel confident that you are safe
in purchasing your bonds through it.
Poor's Manual Company publishes three
manuals, one covering steam railroads,
one public utilities and one industrials,
and these give quite fully such informa-
tion as you desire about bonds, earning
power of the company, its property, etc.
lou can buy them from the company or
consult them at the Public Library.
You would do better, we think, to diver
sify your list instead of putting $4,000
into just two bonds. We would sug-
gest in addition to those that you have
named. Niagara Falls Power First SIS,
due 1882, recently selling at 81, yielding
635 per cent to maturity; Western I'm
ion Telegraph 61a per cent bonds, due
1885, recently selling at 10oss; Chicago
Union Station Gas, due 1853, recently
selling at 1861; New York Central con-
vertible debenture 6s, due 1885, recent
lv selling at o2%
New-York tribune., 1921-10-01

In spite Of the reduction in the quo
tation OF Cuban sugars from 81. to
22s cents a pound by the Cuban FL
nance Commission, no large movem ent
of supplies can be expected unless fur
ther reductions are made, according to
the Federal Sugar Refining Company
In the company's opinion the commits
sion waited too long to cut it's quota
tion thereby permitting other produc-
ers to market their supplies. with the
result that the present reduction comes
with the new domestic crop practically
ready for shipment. The company S
statisticians estimate that the carry
over in Cuba and the United States on
January /, 1922, viii exceed 100000
tons of refined SUGAR. The Federal's
Cuban correspondent states that lit
tie is being heard there of loan from
tho United States which would facili-
tate the governments plan fer the
purchase of the remaining sugars. and
that the talk of German purchase of
100000 tons started with exaggerated
ideas Of the possibility of refining it
there.
New-York tribune., 1921-10-01
Railroad Merger
Plan Will Be
Binding, Is View
consolidation OrsMust Conform
to Ideas of |. c. c., Secur-
ity Owners Hold: Courts
Must Decide S.P.-C.P.Suit

The tentative railroad consolidation
plan of the Interstate Commerce Com
MISSION VIII have a binding effect upon
the carriers, in that ,hen the commits
sion decides upon permanent general
pian no mergers can be made unless
IN accordance with such plan. in the
opinion of the committee on public re-
ntions recently appointed by the Ma
tlonal Association OF Owners of Rail-
road Securities
In statement Yesterday the commit
tee also stressed the point that future
consultations shall be based on the
valuations now being made By the com
mission, and that securities issued bv
the consolidated companies shall not
be greater than the valuations thus
made of the constituent properties.
The committee called attention to the
appointment by the security owners
ASSOCIATION Of board of econmlcs
and engineering to make an intensive
study OF any proposed plan Of consoli-
dation, and asked that final action be
not taken by the Interstate Commerce
! Commission until the board has
reached fnal conclusions.
S. Davies WarfeS resident Of the
ASSOCIATION OF security owners. VINO
attended a conference of the pubic re-
lauons comm ittee yesterday. said thar
1t would take years for the consumma-
ton Of any suggested plan OF consoli-
dation
In its tentative plan of consolidation
of the railway properties Of the United
States the Interstate Commerce Com
mission does not separate the Central
Pacific from the Southern Pacific svs-
tenn. but continues the present status.
which is that the lines standing IN the
in one system with other lines on the
Pacific coast owned by the Southern
Pacific Company.
There has been pending for mum
her Of years a suit instituted hv tne
government to have the courts declare
illegal the Union IN one system OF tho
Central Pacific and the other Southern
Pacific roads. This suit was decided
against the government by tho lover
court and is now on appeal TO the Su-
premc Court of the United States
}. ?. Blair, general counsel OF the
Southern Pacific. when asked yesterday
whether the action Of the commission
in promulgatip / plan which proposes
TO continue ..A union in one system
Of tho lines IN question would put an
er1 70 the litiPAtion or control tie de-
c sion OF the .p:eme Cocrt replied in
ne negative.
The plan OF the commission" he
sid, rs avowcdl, tel. 'ative. and even
when made in final form is not com
pulscry. Il is true that the opinion Of
the commission. that the con laued
union in one system of the rs IN
question is desirable from the stand
point OF efficiency and economy and is
not objectionable as destructive OF
competition does not support the con-
-.
able restraint of trade But it still
remains for the court 70 decide the
legal Question presented in the suit be-
fore IT,"
New-York tribune., 1921-10-01
Two New Stock Exchange
Houses Are Formed Here

The formation OF two new New YORK
Stock Exchange houses was announced
yesterday.
Hunter Van B. Berg. Beverley NJ.
Eyre and John Kerr have formed CO.
partnership under the drm name oi
Berg, Eyre 4 Kerr, members OF the
New York Stock Exchange. with OF
i'ces a. % Beaver Street, to carry on
the general brokerage business N
stocks and bonds heretofore condncted
by Berg, Rocsler 4 Kerr at the same
address. Mr.. Eyre Will be the hoo'
member
The other new house will he known
as Cassel. Nuncs & Co. located AZ oo
Broadway. The partners are haso
Cassel Joseph VAS Nunes and f'rneS
r. Tiefentha, M. Tiefenthal Is the
stock Exchanges member. Frank =:
White, formerly assistant manager ca
the securities department oi ~
American fNprcss Company. VIII ps
manager OF the bond department Of w
new hrm
New-York tribune., 1921-10-01
Conner Market ImnrONes

The belief is gaining ground in the
cope. t.ade that the recent improve,
ment in the demand for the metal is
not a mere furry which occurred last
May. THIS may account for the feel
ing IN brokerage circles that continued
strength may be looked for in the cop
per shares. "SurDlus stocks of refined
"copper" SAYS THE Engineering and
Mining Journal ARE probably not as
greet as is generally considered, and
stocks Of scrap brass have also been
depleted to such an extent that prompt
supplies are difficult to obtain and the
quality is becoming poorer Too much
must not be expected from foreign
buyers. however, and somewhat
limited demand for some time tc
come is likely. Germany is in no posi-
ton 70 take much copper until financia'
conditions have been Strengthened out.
New-York tribune., 1921-10-01
We Can't Boost Prices

Question-Just received twenty shares of
Elgin Motor Company stock purcha sed
through the Franklin Service Corporation
q year ago in moment of temporary
alteration. | paid. $500 for the stock.
What would you advise doing to reduce
the loss TO the minimum If you advise
mmediate sale. how this best be ar
ranged? I would like to express my ap-
probation OF the work of your '.Tnvestmen Mt
information" I certainly regret that I
did not discover the department sooner.
r. b. L.
Answer-We should like to be able to
give you some advice that would assist
you in reducing your loss, but the only
thing that would help you would be a
rise in the price of the stock, which
was recently quoted among dealers in
unlisted securities around Ss share.
That price probably renresents Just
about its true worth. We fear that
You cen do little except take your loss
and charge it to experience with cap
ital "E.'
New-York tribune., 1921-10-01
Stocks Decline
Moderately ON
Late Selling
Traction Bonds Up as Stocks
React OH Publication of
Transit Commissions Re-
port; Exchanges Recover

Men in the financial district cenJerec
their attention yesterday on the report
of the Transit Commission. The docu-
ment is so lengthy that many had not
Yet digested it, and opinions regard
ing the merits of the proposal were
first Impressions rather than mature
conclusions. There was a general feel.
ing that here at last was plan, what
ever it's defects, for logical develop
mcnt of the situation in place of the
present planless drifting.
The report was still too far from
being placed into operation to cause
an excited wave of speculation in local
traction securities. However, interest
in the stocks and bonds of this group
was heightened. Bonds rose moder-
ately, whereas stocks declined, regis
tering the opinion of security pur-
chasers that the program was favor
able to bondholders and detrimental
to shareholders.
Interborough 5s Of 1866 climbed
from 55ss to 5615. and Brooklyn Rapid
Transit per cent notes rose from
5615 to 571s. Third Avenue bonds were
steady, too. On the other hand, b. r.
7. common declined from to So clos
ing at 7. 1nterborough Consolidated
common and preferred were frmer at
the opening, but closed with no net
changes, at 1% and 51s, respectively,
having less to lose than the B. r. T.
In the general dealings in stocks
there were few striking Developments
Early in the session speculative shares,
particularly the copper issues, con-
tinued the rise of Thursday, but later
selling pressure caused an effacement
of the earlier gains and moderate net
losses for the day. Mexican Petroleum
was again target for the professional
spectators operating on the short side
of the market
Bonds, the rise of which has been
checked this week, were irregular, but
firmer yesterday. The heavy outpour-
ing of new issues is factor militat-
ing against an unbroken advance, al
though fundamental factors still in
dicate higher quotations for invest
ment issues, which follow the course
of money rates. In the rise in call
money from to per cent yesterday
there was merely a reflection of the
drawing in of funds by the banks to
meet October 1 disbursements
Cotton quotations were irregular, but
a trifle higher at the close. Grain
prices we're lower, and the price quoted
for September corn was the lowest
since 1908.
The foreign exchanges were firmer
Marks spurted from .82s4 of cent to
.s5A. The depressed quotations of
Wednesday attracted buyers, but .he
recovery represents no basic change.
Uneasiness regarding Germany's ability
to meet its obligations to the Allies
was reflected in decline in French
bonds
New-York tribune., 1921-10-01
The Dollar in Foreign Exchange

Foreign exchange rates worked higher
in yesterdays market here as offerings
Of bills ON leading financial centers de-
creased. Cable rates on London ad-
vanced three quarters of cent at
s3.73h
German marks rallied TO above .85
Of a cent on short covering, indicating
that the heavy selling pressure had
been lifted for the time being. Italian
lire continued easier. dropping below
the Accent level for the first time in
weeks. Changes in other parts of the
list were small.
New-York tribune., 1921-10-01
August Railroad Faruings

kerorts from hftv-nine C'ass rail
roads showed net railway operating in
como FOR the month Of AUGUST amount
nag to $.1.l5l 900. contrasted with Il
dehcis for the corresponding period a
year ago OF s57.253 COO. The cross
earnings of the roads vhich have thus
far reported to the Interstate Com
mrrce Commission ware sl76,S3o. 600
compared With S20i ,6Sl 600 for Au.uat
t1oO
New-York tribune., 1921-10-01
American Malt Liquidation

sad ysStsrdsy hanS that sds
iquidating the affairs of the American
Malt and Grain Corporation. Prscti-
cally everything has been converted
into cash, with the exception of four
plants, negotiations for the sale Of
which are now under way. Trustees
now have S275.00O in cash. equivalent
20 slightly more than IS a share on the
81 700 shares Of capital stock outstand-
ing. They have also succeeded in work
ing off inventories, consisting of grain
on hand. Pending the disposal of the
plants the trustees will continue to use
them for grain storage.
New-York tribune., 1921-10-01
In Wall Street
Too Many New Offerings

"The best bond market in six months
has been killed by too heavy on out
pouring of offerings" declared an in
vestment banker yesterday. He added
that some of the issues brought out
this week have not gone as we'll as
their sponsors had hoped and bond
dealers are loaded up with securities
which will have to be worked off later.
The dealers, however, it was pointed
out, have the market moving with them
50 that they should not have great
difficulty in clearing their shelves.
New-York tribune., 1921-10-01

Of ,lnternatic--al Mercantile Marine SIS of
1s4l as to sS,fety and principal ana sec'.r-
itN back es the bond security Is Al.
bond cali; ole be fore maturity and does 1t
come in $500 denOm.nationsr Would be
glad to Ks rW what YOU t'link Of this bond
for conss., ttivc investment-C. y
Answer-Fh international Mercan-
tile Marine first mortgage and col
lateral trust 6s, due 1914, are secured
by first mortgage on six liners owned
by the company and by all property ac-
CURED now or hereafter by the pro-
ceeds from the bonds, and by deposit
Of the owned capitai s,ocN and sccuri-
ties of the subsidiary companies. We
believe that the bonds are eXcellentlv
secured. They are at present selling
a, discount OF the extremely dull
shipping of the last ten months or
year. 1t is our opinion that the in
tcrest on the bonds is in no danger.
We have even stated that We believe
the company would meet its preferred
dividend. Both are conjcctural. how
ever. and for that reason We call the
bends business mans investment.
We do not recommend them to per
son who cannot follow and interpret
earnings and who has not Mt least a
rough knowledge of shipping condi-
tions. But as n business mans invest
mcnt. we think that tncy are unusually
attractive.
New-York tribune., 1921-10-01
Spectacular Berlin Bubble

Mr.. Meyerowitz arrived in Berlin
about the time the bull market began,
namely, about the 1st of July, and he
took a great deal of interest in the
movement. AS an instance ne men
toned the German General Electric
stock, which, because of the conserva-
tive character Of the company, normally
moves within a narrow range on the
Boerse. One Monday morning quota
tions opened exactly 100 points above
the close CT the previous Saturday,
Other stocks opened $50 to 300 points
higher, and in special cases bids of
400 to 500 points higher failed to bring
out any stock
New-York tribune., 1921-10-01
Byram Sees Brighter Railroad Outlook

II. f. Byram, president Of the Chi
cago, Milwaukee & st. Paul, says that
the large crops and an early movement
Of grain to market have produced an
improvement in Western business con-
ditions. with a corresp spondingly bright
err outlook for railroad traffic. "Our
traffic as whole is under that of a
year ago, but not so much under" de-
clared Mr.. Byram yesterday. "It is not
clear yet whether the increase in busi-
ness activity and the resulting traffic
during the last few months are due
merely to the fact that business was
so long below that created by tn.
minimum requirements Of the people
and is now expanding only to meet
those requirements, or repre- resents a
larger development. Now we have
come to the time when the country
must at least cover its current needs "
Concerning future rates and wages Mr..
Byram said they Will be governed by
the attitude of the public.
New-York tribune., 1921-10-01
Paris Market Improves

PARIS. Sept. 80 Prices improved on
sne Boussc to-da Three per cent
renter. 81 francsl l5 ccntimes, exchange
on London, SO francs g ccptimnn; . pcr
cent ioap. VI f,anrs - ccntimcs The
dp'laf ~as quo,ed al - ffonca % cen.
times.
New-York tribune., 1921-10-01

Bank Clearings = Bank clearings at
New York yesterday were: Exchanges,
$685. 00,000; balances, s93, 100000.
Silver - London, 429sd; New York.
domestic bar, 99Ac; foreign, 7o1ac;
Mexican dollars, 541xc.
New-York tribune., 1921-10-01
London Market I'm proves

LONDON, Sept. 80. Prices improved
on the Stock Exchange to-day. Bar golC
VAS quoted at llos; money was loaned
at per cent. Discount rates we're
Short bills, 4 3-lC4t4A per cent; three
month bills, 4s per cent.
Cloging quotations or stocks were:
New-York tribune., 1921-10-01
Bid and Asked

Following are tie closing bid and
isHed Quotntions OF stocks iiste on the
Stock Exchange IL winch there xsr,
Ho li&ns~c .lons yczternaA
New-York tribune., 1921-10-01
Money and Credit

Call money rates climbed TO 6 per
cent yesterday afternoon after opening
the day at 5 per cent The furry was
attributed to the heavy end of the
month requirements.
New-York tribune., 1921-10-01

ARGENTINA tpar t2 50 cents = na per peso)
Demand 81 80 3ls1,. 3T2n
Cables .........3275 80 90 - 81 y
BRAZIL tpar 32.45 cents paper milr"ls)
Demand .......l3 3. % 90 i So y
Cables ,,.......l3.:5 13.i2i1 1915
PERU spar S45s a pound)
Checks ......... 3.4s ; ts As
ECUADOR (par +Ss cents \ .ucre)
Checks ........2431 24ss
CHILE (par 3s.5 cents a peso)
chec1s .........1l.25 ll.5o iGo
URUGUAY fpar l02.42 cents q peso)
Checks ........ Gb - 6775 81 25
VENEItELA tpar lH5 cents ooivsi)
Checks .,.-.-..l6 1900 1Go0
Canadian Exchange York funds N
Montreal. l0!s per cent. premium. Montreal
funds in New York. 9 per cent discount.