davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-02-25
Disquleted by Stock Fluctuations

Question-These preferred stocks which
! own were represented at time OF pur-
chase as good business mans investment:
J. l. Case. American Smelling and Rein
ing Columbia Graphophone and National
Cloak and Suit While the income from
these is satisfactory the radical decline
Of the last two stocks makes me feel ep-
prehensiye. Are these companies in sound
condition? Fer some additional funds the
following stocks were recommended by a
broker for Investment. l would much
appreciate your opinion OF them; United
Drug first preferred. Cluett Pea body pre-
ferred, Pierce OIL preferred Tobacco Prod
ucts preferred and ustin-NIchols pre-
terred.-L, 4.
Answer-The fluctuations of the pre-
ferred stocks already held by you in
dicate the speculative character of
most industrial shares, whether they
are preferred or common. The de-
preston that has hit all phases of
business activity is reflected in the
selling price of your securities. al
though the comparatively thin market
that preferred stocks generally have
in any selling movement often carries
them below their intrinsic worth. Our
own opinion is you %would fare just
SIS well by doubling up your present
holdings as by buying the other issues
suggested by your broker.
New-York tribune., 1921-02-25
Answer-The second and the fourth
Commonwealth Finance Fight Worries
Woman

Question--A client of mine, a woman
owns twelve shares of preferred and three
Finance Corporation of South Dakota, for
which she paid par about a year and a
half ago. About six months ago the stock
was selling preferred So. common 30, and
I advised her to sell it. She did not take
my advice and still has the stock. Since
then suit was brought against the COM
pany in South Dakota court and 1t was
restrained from paying further dividends
Recently my client has received the in
closed papers and ] am unable to advise
her what TO do. because ] cannot obtain
sufficient information concerning what
has been going on to determine the merits
of the suit. If any. What is the present
Status Of Commonwealth Finance Cor
poration Of South Dakota and what is the
status of Commonwealth Corporation Of
Delaware *. d. Y.
Answer-It is too bad your client did
not take your advice and get out of
Commonwealth Finance stock. The
request, to which you refer, to get her
to exchange her stock in the South
Dakota corporation for that Of the
Delaware corporation represents the
effort of the Tudor faction within the
company to gain control Of it by that
means, They say it will save legal ex-
penses. Without posing as legal au
thorities. we hazard the guess that
such ii stunt as that is likely to meet
with resistance from the same quarters
in South Dakota which have caused so
much trouble before, and that may
mean more expensive litigation. How
is the Delaware corporation going to
get possession of the assets? In short,
the whole thing is a mess. We haven't
any sympathy for either faction in the
Commonwealth Finance Corporation.
They fight and the stockholders suf-
fer. You are a lawyer; see if you can
figure it out any other way.
New-York tribune., 1921-02-25
Federal and Joint Stock, Land Bank
Bonds

Bid. Ask. Yield.
Isas-lo3a .."..-..'.,:., o5 ss& 5.ss
1ss5-1a:i .:~.....,-. soss sO4 .5,ss
Federal Farm Loau ms,
1aSS-I923 .......,,. S93I S0M 5.34
Federal Farm Loan 412s.
1937-~f9&2 .,...-...... S9M 9oA 5.3s
Joint Stock Land Bank SIS,
1929-1924 -.......-.... S5M 81 $50
Joint Stock Land Bank IS.
l9SS-l923 .............. So 81 623
New-York tribune., 1921-02-25

the State Of Sac Paulo.v This is aa-
vance publicity on the loan and gives
information relative to the financial
standing of the Brazilian state. In
productivity, etc.
New-York tribune., 1921-02-25

Hornblower & Weeks, B. ]. Van
lngen & Co, of New York, and Out
|ater & Wells, of Jersey City, are
ooHeflhg SL6oo,0o0 city of Jersey CITY
per cent coupon bonds at I0I and ac-
croed interest, yielding about $50 per
New-York tribune., 1921-02-25

Although the $4,000 900 Brazilian
State of Sac Paalo loan will not be
offered for public subscription until
next week, the bankers underwriting
the issue have aent ont circular con.
tanning facts you sa0aid know about
New-York tribune., 1921-02-25
Thinks of Exchanging Rail Stocks

Question: have some Northern Pacific
Railroad stock ard am thinking of ex-
changing for Western Pacific preferred l
future outlook for these stocIls or would
you mention some better exchange? Also
the future outlook for Wells-Fargo Ex-
press.-G. &. NJ.
Answer-We see no particular ad-
vantage for you to exchange your
Northern Pacific stock for Western
Pacific preferred Besides being a
railroad property Northern Pacific has
certain speculative advantages over
Western Pacific in that it is known to
have oil prospects along its lines. The
management of the Wells-Fargo Ex-
press has recommended tho liquida-
ton of the company and directors in
the 1920 report stated that such action
would be to the best interest of the
stockholders.
New-York tribune., 1921-02-25

A meeting of stockholders of the
hlots Throwing Company has been
called for March T, to approve a plan
Tor the creation of $4,000, 900 first
mortgage on its plants, the bonds 10
be pledged as collateral for an issue
Of $2,5o0,0o0 two-year s per cent notes.
The present plan is to offer these notes
to preferred stockholders for subscrip-
tlon at 80, and the portion of the issue
not taken by the stockholders will be
subscribed by the twenty banks in
volved in the affairs Of the silk warn
manufacturing company. The purpose
of the financing is to provide the com
pany with sufficient working capital to
enable it to rehabilitate it's affairs and
hquidate it's bank loans. Stockholders
have been informed that the losses
sustained by the company last wear. as
result of the collapse OF the silk
market. amounted to approximately
$4,000 .o00
New-York tribune., 1921-02-25

The outstanding temporary Pitts
burgh & Lake Erie Railr5ad equipment
trust 4 per cent gold certificates,
dated October /, 1890, m@y be ex-
changed at the trust department of the
Guaranty Trust Company, for the dafln-
tive certificates, bearing dividend war
New-York tribune., 1921-02-25
Days NeaU Issues

Reports were current in investment
circles yesterday that the New York
Telephone Company planned new
financing involving the issuance Of
$25,00o,000 in bonds. Bankers who
have handled the Telephone in the past
denied the reports and said the New
York Telephone Company would not
enter the market for at least six
months.
New-York tribune., 1921-02-25
She Seeks Better Than 4 Per Cent

Question-WiU you kindly advise if it is
prudent for young business woman to in
vest? I know very little about securities
and my entire capital amounts to only
S2.000. 1t is earning only per cent. but
! feel safe in that. On the other hand, !
feel 1t should have greater earning power
with safety. Having an aged dependent.
do you think l should risk investment out
side of the 4 per cent savings bank or
wait until my capital increases Miss L.
c. u.
Answer-The second and the fourth
AZ per cent Liberties yield better than
5 per cent, and they are safe, in our
opinion. Put half your So 900 in them
Then buy from among the following to
yield almost per cent: Standard Oil
of New Jersey preferred, United States
Steel preferred, American Bank Note
preferred (par $500, All are readily
marke ia BILE.
New-York tribune., 1921-02-25
Trust and Surety Companies
MiscelIaneoua Oil Cnmnanies

Bid. Ask Bid ASK.
All I.obos 10 Il IMidwest ..129& 1909
do pref. 70 30 Mt Prod. s?s S7s
Bra Ltd. 271a 28h lNorw Oil. q 50
Cosden o. So 6AIPr & RI. AZ
Elk Basin 72l s IfSalt p. % 10
Imperial. "a % tssp Ref. As ~
Mag Pet.145 15G West Sts.. - IL
Merr Oil 12N 12% 1Par. $40,
New-York tribune., 1921-02-25

rant No. /, due April I, 1921, and all
subsequent. NN
New-York tribune., 1921-02-25
New York City Bonds
New York State Bonds

Issued in coupon and registered form
not interchangeable. Coupon bonds regis
White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1921-06-26

one week His request was unani-
mousiy granted.
Mayor Gallagher brought up the
subject of the boys swimming pool,
saying that he had been informed
that a committee had been appointed
by the Ely Chamber of Commerce to
confer with the city council regard
ing the proposed pool. The mayor
called on O. G. Bates and Anthony
Zurich. as members of the commerce
club swimming pool committee. As
neither Of the gentlemen named was
present no further action was taken.
The spirit of '76( as reflected in
the annual Fourth of July celebra-
ton, was here introduced. Fire
Chief Matthias being called upon, he
said that for the last eleven or
twelve years he had been an active
leader in Fourth of July observances,
but this year he Is so situated that
he cannot give his personal time to
the project and suggested that some
one else be pressed into service.
However, he was heartily in favor of
a celebration.
No one voiced opposition TO a cell
ebration and by the same token no
enc had any suggestions IN partlc-
ular to offer and the question died
a-bornin', the mayor saying that
after all providing a celebration was
not a city council function.
Mayor Gallagher made for another
party a protest that had been put up
him concerning q wood-sawing
machine in the neighborhood be-
tween Mill and hurry streets. II
appears that the syneopated jazz of
the saving machine is interfering
the SAUNDERS of some resident
or residents. hence the kick to the
fathers. There was a little buzz
of comment among the members of
the official family and that was about
all. 1t was brought u hal the Of
saw was employed legiti-
by a man with a family who
needs the money earned by his out
fit. and the sentiment of the meet
ing appeared to be that any noise
Just now which sounds like business
.hould not be interfered with.
Adjournment was then made until
next Monday evening
White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1921-06-26
CORRESPONDENT HAS
METHOD FOR RELIEF
the Editor of the News:

To the Editor of the News;
The emergency tariff law put
through congress a short time ago
was intended to aid the farmers and
the livestock growers. The interna-
tional bankers of the country, who
have had a propaganda ever since the
emergency tariff bill was introduced
opposing the measure AS injurious to
cur foreign trade, now purpose to
Iaise 100000 00 to tide the live
stock growers and farmers over their
present tight time. This help at this
time will leave the farmers and live
stock grower in precisely the same
condition next year. To the congress
men and senators who fought to put
through the bill regulating the pack
ing industry, in(face of millions of
dollars spent by the packers in oppo-
sition, much credit is due. This bin
has conferred greater benefits on the
American people than any law that
has ever come before the congress of
the United States.
The regulation of the livestock
market in America is done by the
use of a plant which cost the pack
ers So 900 in Argentina. This
10 lilt hC1ZfO tll0 oAihAAiohs u
freight rate on frozen beef and NUT
ton from Argentina TO Boston Is
from 80 cents to S1.40 per hundred
Sheep are fed for Is cents per head
and cattle $3.50 a year. Wages run
from SIS to $50 and found per
month. In the United States Sl00
and board was paid, but this sum has
been reduced to S65 and SO per
month.
When a senator said that the pack.
ers would not ship meats in compe-
tition with their own business he mas
something yet to learn of the ways
that are dark and tricks that are
vain in the packing business.
We imported into this country in
1919 and 1920 S42,10s,624 in fresh
and frozen meats. When the stream
is blocked at it's outlet the source of
supply must soon become stagnant
In this the packers can re-
port no market for livestock, but the
price to the consumer does not come
down.
II members of congress are as anx-
ious as they seem to be, and | have
The farmers and livestock raisers let
the tariff bill amended so as to pro-
hibit the importation of fresh and
frozen meats for the period of two
years. II that is done the farmers
and livestock raisers will take care
OF themselves without any aid from
the bankers or the United States
treasury ~.
White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1921-06-26
Southern Pacific Co.
Freight Reductions

The Southern Pacific Company has
decided upon reductions in freight
rates ranging from Is per cent on
rice TO 43 per cent on dried fruit
from California points to New Or
leans and Galveston. also to New
lork by way of New Orleans or Cal
weston in connection with the South
ern Pacific steamship lines Morgan
line), on shipments exported to Eu-
ropean destinations. This announce
ment has been made by G. w. Luce.
freight traffic manager of the South
ern Pacific Company.
Mr.. Luce says this reduction in
rates. which averages 80 per cent,
represents an important step in plac-
ing California products in the mar
kets of Europe and will be an assist
ance to California producers in max.
ing export shipments by rail through
the Atlantic and gulf ports.
These new rates will apply on
straight carload lots, or one or more
carloads may be shipped on split bills
of lading consigning the freight to
two or more consignees in Europe at
one freight rate. Mr.. Luce says that
arrangements are being made to put
the rates in effect Immediately.
White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1921-06-26
Neuada Citizens Nav
Take Military Training

Citizens training camps for APP
p~roximately 1900 students will be
conducted in the Ninth corps area
mt the Preside. California. and Camp
Lewis, Washington. for about thirty
days, beginning July s.. The Ninth
corps area includes the states of Cal
ifornia, Oregon. Washington, Idaho,
Montana, Wyoming, Utah and Ne
vada. Attendance from each state
will be based on population. candi-
dates whose applications are APPROX
ed will be assigned to the camp near.
est their homes.
Any male citizen OF the United
States between the ages of 16 and
80 years. who is of average intelli.
gence and physically sound, Is eligi.
BILE. Previous military experience Is
not necessary. The war department
will provide transportation to camp
and return. Students will be re-
CURED to furnish their own under
clothing and toilet articles. Appli-
cation blanks and further informa-
tion may be secured from Adjutant
General Maurice J. Sullivan. Carson
City, New.
White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1921-06-26
Water Suit Hearing
In the District Court

The hearing on the suit brought
by George Doyle and others against
Lane and Grover Tilford Z o restrain
the Tilford brothers from appropri-
ating the waters of Dry gulch. at
Oseeola. was held in the district
court this week.
The waters of Dry gulch come
from melting snow In the mountains
and the stream flows only a short
time In the spring, some years not
developing at all. This water has
been used for many years during the
short period OF flow for the purpose
of placer mining. George Doyle and
his associates claim the right to the
water under the title first held by
the old company known as the Osee-
ola Gravel Mining Company. which
operated in the early days OF the
Oseecla gold rush.
At the conclusion of the trial the
decision In the case was taken IN.
der advisement by the court.
White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1921-06-26
Grand Prize at Hamilton to Ship Orc

claims. in the Hamilton mining dis
trict, has been leased to Mr.. Mitchell
of Tonopah, who will at once start
active mining operations. The Grand
Prize, which has been inactive for
the last year or more, is one of the
best equipped mines in the Hamilton
district. producing lead. silver and
copper, and the ore will be shipped to
Salt Lake shelters by way of East
Ely. Hamilton parties who have me-
gotiated the lease are G. F. Muir,
Jack Blair, C. r. Norman and John
Russell.
White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1921-06-26
NEVADA ROAD RACERS
DUE HERE JUNE 80

Considerable local interest Is man
ifested in the one thousand mile road
race to be run in this state nder
the management of the Neyada High
way Association. Contestants Will
leave Reno the morning of Wednes-
Gay. June %, and the race Is divided
into three divisions, as follows: No
/. Reno TO Elko, No. ?. Elko TO To
nopah: No. 3, Tonopah TO Reno. Ely
is designated as control station No
IL in Division No. ?.
Anyone with any kind pr make Of
car is eligible to enter the race, pro
viding the entrance fee of $50 is paid
tor each ear. Entrance applications
must be made TO the contest board on
o. before June q at IL p. m.
The winner will receive $1,000 In
cash, a solid silver loving cup and the
title of champion road driver OF the
state OF Nevada. The loving cup Is
subject TO further contests and be
fore absolute title of ownership can
be claimed must be won three times
w the same make of q
The second prize Is $3.50 in cash
and a silver loving cup presented by
the Nevada Highway Association
The third prize is $500 cash and "A
silver loving cup presented by the
Overland Trail Club. The prizes are
considered worth going after and will
i'm all probability be holly contested
To date fifteen ears have been en-
tered for the race.
The racers are expected to arrive
in Ely about noon of Thursday. June
30. coming in owe the Cherry Greek
road through Central Ely. Each car
will stop in Ely. probably for ten or
fifteen minutes. for the taking On OF
any needed supplies. During the
progress of the race through Ely the
city speed laws will be suspended so
far as the contestants are concerned.
but every effort will be made for the
safety OF the public.
II. +. Matthias. local representative
of the American Automobile Associa-
ton. Is personally looking after this
phase OF the race. and with the as
sistance of the city marshal and Boy
Scouts will have all crossings ard
~intersecting streets tagged and pro-
tected to avoid collisions and for tho
safeguarding OF children and pedes-
trians.
Ely has been requested To mark
the route with white muslin flags for
half the distance from Ely 10 Elko
and from Ely to Tonopah. II. w.
Edwards has been chosen as official
checker of all cars arriving and de
parting from Ely. and divisional
points will DO notified by wire as tn
the time of arrival and departure OF
the contestants.
White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1921-06-26

1our-Finding Car Brings Utah People
The tour-finding car OF the Deseret
News of Salt Lake City arrived in Ely
during the week In charge of +. ID.
b Gray. road publicity man for the
I,eseret News. Mr.. Gay was accom-
panied by NJ. NJ. Steele Jr., road com.
missioner for Willard county, Utah,
and George A. Hansen OF Provo. The
trip to Ely was made over the Grand
Central highway for the purpose of
making a log of the road.
White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1921-06-26
East Ely
ICeCredmPdrlOr
Opposite East Ely Cafe

Opposite East Ely Cafe
4 nice cool place tn enjoy your In
yorite dish OF ICE CREAM or par
take Of n cool, refreshing, ice-cold
drink.
Ice Cream Cone n Speciality.
Bring your wife or sweetheart and
give her n treat.
Open evenings, also Sunday.
Best makes of candies ~ speciality.
White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1921-06-26
SOCIETY NOTES

CONTINUED FROM PAGE FIVE
A welcome such As only Ely peo-
ple can extend was offered TO the
Utah visitors Friday when the rooms
of the Willow Club were thrown open
TO the guests from the n~eighboring
state. At 3 o'clock. the reception
committee was on hand 10 escort II
visitors from the banquet given by
the Chamber of Commerce to the
Willow Club, which was Respondent
with light. music and goodfellowsnlp.
The delegates were introduced i'll q
body to the club members. their fam
lilies and friends. To add to the
pleasure of the evening vocal solos
were rendered by Mrs. Anthony Ju-
rich, George p. Armand, William
Coleman and Mr.. Parks. The Willow
Club, with its many trees and bah
Hing stream. is al exceptionally ar
tistic place, well suited To summer
dances. and the long. cool porehes,
with their coy chairs and benches,
afforded pleasure to the dancers as
well as to those who did not care TO
dance. Dancing continued until 2
o clock. and even then many were
loath TO hear the strains of Home,
Sweet Home.
Mrs. f. f. Knox entertained Mrs.
ID. T. Stong. Mrs. I. &. Marsh and
Mrs. Josephine f. Weyman at lunch
con Thursday of last week in honor
of Mrs. Weyman, who left Saturday
to attend the session Of summer
school At the University If Nevada
in Reno.
Mr.. and Mrs. Earl Marriott. nee
Miss Jessie Vann. arrived in Ely
Thursday evening. They were re-
Gently married in California and
were given a noisy reception by Earl's
many friends upon their arrival. Mr.
and Mrs. Marriott will be at home t.
their many friends in the house for
merly occupied by P.N j. Goumound
Mr.. and Mrs. +. c. Rowan are now
at home to their friends in the l. r
Brock home on High street.
Miss Julia Dean West arrived home
Tuesday evening from Palo Alto
Cal. Miss Julia Dean has been tax.
ing a postgraduate course at the
Pale Alto high school and will spend
her summer vacation with her par.
cnts. Mr.. and Mrs. Fred r. West. In
Ely.
Mr.. and Mrs. ID T. Stony, Francis
Lewis and Master Lloyd Stong spen,
Sunday on Cave creek.
Mr.. and Mrs. Fred u Oldfeld en-.
tertained ut dinner Thursday eve.
ming Their guests were Mr.. and
Mrs. w f. Mccarthy OF McGill, Miss
Frances Peters and Mortimer J
Keough
Mr.. and Mrs. W. II. Wade and
daughters, Jeanette and Helen, spent
Thursday night in Ely. Mr.. and Mrs.
Wade were former residents of Ely
but left here about nine years ago tC
make their home In Salt Lake City
They are enjoying a motor trip q
the coast and met many old-tims
friends during their short stay in Ely
Mr. and Mrs. Gerald Dugan, Mr.
End Mrs. NJ. McAulay and Mr.. and
Mrs. Carroll +. Morrill, composed a
merry party enjoying an outing ON
Cave creek last Sunday
Mr.. and Mrs. Creighton Z Whit.
more had Van A. Newman and +. n.
Rowleson rs dinner guests Friday
evening.
John o. MeKernan left Saturday
afternoon for Spring valley and will
spend Sunday inspecting his mining
claims there.
Miss Anna Starkweather, who has
heen attending a business college in
Salt Lake City during the last win.
ter, arrived In Ely last Saturday W.
clu TnrlTnc
White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1921-06-26

ming. Mist Starkweather i accom-
By a girl friend from Salt
Lake City aud they will 20 To the
Siarkweather ranch in Spring valley
10 spend the summe months With
Miss Starkweather's parents.
Mrs. W. r. Twiss and young son,
who have spent several months win
Mrs. Twiss' parents. Hr. and Mrs. \.
J. Stevens. in Central Ely. left on sat
urday morning $ train to ioin her
husband in Salt Lake City
Rev. Father J. j. MeNally returned
Saturday evening after having spent
the last week in Elto
Lane Tilford and family started
for Oseeola Friday but while AT Tay-
lor they broke a gear on the ear and
were compelled to walk back to ely
IL nave it repaired
Mrs. Ida Inman returned to her
home in Oroville. Cal. Tuesday, after
a short business trip To Ely.
W. {. Bradley was in Ely form his
ranch on Bothwick creek Wednesday
To attend 10 land matters al the
county clerks Office.
MIR. and Mrs. Fred Baldwin mo-
tored from MeGill and spent Monday
evening visiting Ely friends.
Mrs. Peter Salyi and her sister
Miss Rose Curto, departed Saturday
morning for Cherry Greek. After
spending a week in Cherry Crock
Miss curto will return TO her home
IN Reno
DIR. J. a. Wallace returned during
The week from Los Angeles. where
he has speut the last month.
Mr.. and Mrs. l.. Zubiri of Cherry
Greek spent Wednesday in Ely.
John Lusetti and daughter. Miss
Rose. came i'm from their homo al
Steptoe Friday and spent the day at.
tending 10 business matters in Ely.
John Rowland. who was operated
on for appendicitis at the Ely Sur.
gical hospital. has completely recoy.
cred and returned to his Spring val.
ley home Saturday.
DIR. S. T. Spann. who has been cob.
fined to his home by illness for sew.
eral days. is again able TO attend te
his dental practice.