davidaulloa/AmericanStories huggingface dataset:
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
PLAN TO READJUST
ALLIED PACKERS

Plans. calling for the REIMBURSEMENT OF
ca pitalization and financial affairs or
the Allied Packers Inc. have been COM
pleted by a readjustmcnt committee or
which George W. Davidson. president
of the Central Union Trust Co. - chair
man. according TO word received here
by official Of tho concern.
It Is proposed that tho Company shall
amend the certificate of Incorporation so
as to authorize stock and securities IN
place of those now outstanding rs fo!-
lows: SS.000.000 first mortgage and col
lateral trust convertible sinking fund
per cent gold bonds; $S.0o0.noO prior
preference preferred stock: S6."6n.ooo
preferred stock and %00.hn0 shares COM
mon stock without nominal par value
These new securities will be eXchang-
cd fer the present outstanding securities
as follows: $4,000. 900 first mortgage and
collateral trust convertible sinking fund
per cent gold bonds TO holders OIL
present sl6.000000 dcbcnturcs III the
rat Of $lUU Of bonds for each $2OO or de-
bentures: sS.000.0O0 prior preference
stock for sl6.OoO,ONO dcbrnturcs at rate
Of one share Of priod preference stock
Of the par value f 500 for Gaca Wv"
of debentures; $3.50. 600 preferred stock
for the $6.O7l,00o par value OF present
per cent cumulative preferred STOCK
share for share: 200, O0n shares common
stock in exchange for present out sand
ing POI 900 shares Of common stock az
the rate Of ono share OF new common
for each Of two shares % outstanding
common stock or 100000 shares ne"
stock. $4,000 shares TO remain unissueu
but available in case Of conversion OF
the bonds and l9,j0n shares unissued.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
\. |. STOCKS

New York, May S.-Easie~ crcdtS con-
ditions and other favorable loans last
week, caused the securities market TO
record six days OF great activity win
irregularitS higher price levels.
For the first time in many montaS the
money market as governed Fopera-
lions Of the federal reserve system.
manifested distinct signs or IMPROVE
ment. This tendency. moreover. was n,e
restricted to home markets. but eNtena-
cd TO the worlds principal financial CEN
tiers.
Another event Of Importance was an,
nouncement of reduction OF wages anu
alaries BY the l.. $. Steel corporatlSa.
From such action by the country lacS-
est Industrial unit. IL was inferred thit
commodity prices were responding more
obviously to the law OF supply anu ue-
rnand. - -
terns of foreign exchange. seemed 20
have reached the stage where 1t was
rea sonably possible to discount the on,'
cofns OF Germanys indemnity payments
Leading remittances were firm: while
French, Belgian and Italian bills rose
10 highest quotations since ths close
Of the war.
Once the German reparations pay
ments were definitely outlined. i was
believed by international bankers wounl
apply themselves to the hecculean task
OF thawing out the incalculabis frozen
credits" which have paralyzed foreign
trade balances OF leading nations Tor the
last year.
:. The most encouraging movement IN
tho stock market Of recent days vas the
absorption of railway shares. In Tor.
uaer wears >eScry sustained adraaSr u
s. curitles has been guided ny SHARES ~
that description. The advent 1T May.
, gave some impetus to investment buy
inr in the bond market. where Specula-
tive rails figured "a the strongest anu
most conspicuous issues.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
IRON REVIEW

New York, May S.--The twenty per
cent wage reduction anpounced by the
steel corporation has infused feeling
of nervousness into the steel market, as
il is feared ii may prepare the way TOT
another price adjustment. Some aulnoF-
tiles maintain however. that the reduc-
ton does not fully cover the April de-
cline in prices and that no further
changes are probable. Buyers are linz
iting their purchases TO fit actual re-
UuirementS nevertheless. ana WhiIe
these have Increased somewhat OF
late. they are much below normal and
the trade is awaiting Developments.
Pig iron is slow while III" undertonr
is easy. Buyers are very conservative
and are not disposed to make purchases
of their current needs.
Copper has been Il little less active
Recent inquiries thus far have failed
TO materialiZe in actual business al
though there has been continued buying
in small lots and the market displayed
a rather Steadicr tone at tn" end OF the
week Selling interests express contl-
dence in strengthening statistical
position owing To reduction in output
and while small lots Of electrolyt!c are
reported available around les cents tor
prompt shipment. tho market has been
we'll held up for 12% cents for May.
June Small sales hay" been reported
TO England and the continent. Prelim-
mary estimates place April deliveries
at home consumption and exports com
bined. at about 1OO. O00. nnPpounds. COM
pared with a probable domestic produce
ton of S5.O00NO0 and imports of about
100000 900.
Tin shows n hardening tendency due
to grains in London and better local
trade Lead has advanced further and
the firmncSS in London has served TO
create broadening interest here.
Zinc is quiet and unchanged and con-
sumers are efficiently supplied for all
immediate needs and will not buy until
activity develops in their products. The
cut III steel prices has not yet been re-
Elected I'm zinc.
Anthony easier and holders show a
greater desire 10 move stock in order
10 save strong.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
NEWS OF BUSINESS
WEEKLY STOCK
MARKET REVIEW
Bv ! d MERRIMAN & CO.


The New York Stock Market made
further forward strides during the
weeks session just closed on volume
and variety OF operations which APP
preached the maximum business of any
session thus far this year.
The strength and prominence of the
rails constituted tho most rc<iSSurlng
feature of the trading. But the leading
influences Of the week. financially
financially speaking. was undoubtedly
tho report from Washington that re-
serve discount rates would be curtailed
more or less definitely in districts other
than those which have already affected
reductions. and the action of the Steel
Corporation in cutting wages without
any protest from the men.
Many new high records for the year
were established in the rails as well as
in the Industrial list. When stocks
were near their peaks. realizing sales
came into the market as traders began
taking profits. causing small set-hack.
Trading conditions continued to indi-
cate that the buu!Sh element held con-
troll Of the market and just as soon as
profit taking was ended the buying ele-
mcnt would be- IN a position 10 send
shares up again.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
MARKET LETTER
W. J. Moore, President, American Bond
and Mortgage Company, Chicago
and Now York.

Several elements of uncertainty have
been recently manifested in the building
situation. Normally. this might cause
concern. hut 1t seems that most Of these
arc likely 10 be resolved soon and appar-
emily will tend 10 clear tho atmosphere.
Employers and wage workers still are
antagoniStiC. hut the best indiCa lions are
that there will be an early adjustment
of most of their differences This seems
bound 10 come. because it is economic
ally unSound that any single element III
the cost Of production should remain
upon relatively higher plane thany any
other ma j0r elements.
1t is taken for granted that Their" will
he wage reductions. the only question
ut issue being their amount. With this
premise actually. even If not fnrma liz
agreed upon. there seems no insupcrable
handicap TO n satisfactory adjustment.
An event which occurred a few days
ago serves rs # further indication Of
reduction in building costs. The de-
cision of the Federal Trade Commission
to issue 4 complaint in what is known
as the "PittsburEh Base case is re-
garded in steel trade circles as likely
to affect the price OF structural steel
materials and result in still further re-
auctions in steel prices. This Is an elc-
ment which would tend strongly 10
stimulate buildings Of substantial
type II these predictions are correct. 1t
will probably mean an Increased build
ing program.
1t is hoped that an adjustment OF
commodity and labor costs upon suit
able basis will soon be reached. There
is ample capital available for the financ-
ing OF new building projects. and the
only cause for hesitation is the unccr-
tainty of costs.
Money for building financing IS road
ily responsive to sound offerings at :.
~. and per cent. and with the hnal
pf all the hllllUinC
trades the solution of the housing prob
lem and the building shortage problem
generally will be a matter Of a relatively
short time.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
HAzLETT'S REVIEW
Local Stocks Slow to Follow New York
Outlook Somewhat More En-
coura81ng

Howard Hazlett &: Son, in their
weekly review Of the Wheeling stock
market, on Saturday. said:
As 2 susua: thing, Wheeling stocks
are not slow to follow the movements
OF the New York exchange, and not
infrequently outdistances the big
market" in the actual points gained or
lost. The New York market was uni
formly strong this week, but the To-
calls did not show much inclination tc
follow along.
The outstanding exception was
Wheeling Steel common, which. while
not notably strong. behaved very well
and gave a good account OF itself. AS
rule, Wheeling buyers display con-
siderable foresightedness, but in the
present instance the public seems ~
be pretty thoroughly saturated with
the impression that things are getting
worse instead of better.
We do not share this opinion. IL
basic conditions in manufacturing have
not improved. they certainly are no
worse. VIC have good opinions from
authoritative sources that there are
signs of a clearing on the financial no.
rizon Taking the case of the Wheel'
inc Steel Corporation, it cannot DO
denied that while operations are still
light, there can be no question that
more men are being employed in IT.
various plants today than were EN-
Moved a month ago. Whether this
will hold up is matter yet 10 De ae-
cided. Some fair orders have been
booked in the past month, however,
and there are further signs Of a contln'
uance Of nresent operations. 1t Is an
nounced that about $4,000 tons OF coke
have been contracted for, to be used
at Portsmouth, the terms calling for
daily delivery Of 500 tons. This wouiu
indicate that there must be couple
Of months work ahead for Ports
mouth.
Partial operations will begin TINS
! week in Benwood. where 1dleness mas
long since prevailed.
Now we would not have all OF this
TO be interpreted as prosperous
times" comment. Times arc tar from
PROSPEROUS. 1t may be many months
before tho Wheeling SteePs entlre
group of mills is running in full. Al,
ter all, that matters but little. what
amounts 10 most is the general trend
If II is for the better, We are all to De
,, congratulated. Business has undouot-
edly rea ched an armistice stage. Buy.
ers and sellers are negotiating, ana
sooner or later will get together, and
then the mills and factories will pesin
; the vast task of supplying the great
demands now existent for finished
products. ,oo
The week brought new low price
for Hazel.Atlas Glass. which sold Gown
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
pRODUCE MARKET.

New York. May .1.-Buttcr. steady
creamery. higher than extras. SO 4 ISL
creamery. extras co. SCore) 49, a rs /:
cr,2mcrv. cirsts SIS To 81 scor" 80 a IL:
packing stock. current make Number =
IS cents.
Eggs. firm; fresh gathered extra
rlrsts. @7G2S: firStS. c5d @6i@; state
PENNSYLVANIA and nearby western hen
merry whites. firStS TO extras @6m g."
state Pennsylvania and nearby Wes-
tern hcnncry browns. extras 81; DO
gathered browns ana mixed color s.
firsts TO extras % = a 20: storage pack
ed extra firsts, 2S1s q 80; do. firsts -
Gp2S.
Cheese. steady; state. whole milk
flats, short held. specials, 20W2l; do.
average run. 10: state whole milk flats
fresh specials. 171$ ais; do. average
run, 1917 Gl7.
Live poultry. steady: turkeys. 80.
Dressed poultry. quiet; prices unchanG-
ed Flour firmer.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
CHpCAao CATTLE

Chicago, May Cattle, receipts 500;
corpared with week ago, good and
choice heavy beef steers IS to 50 cents
higher: others and yearlings steady to
IS cents higher: fat she-stock and bulls
steady TO IS cents higher; veal calves
mostly o5 cents higher: stockers ana
feeders steady to rs cents higher;
Hogs, receipts 1000: active and strong.
TO 10 cents higher: top $50: bulk OF
sales $50 to SIS. Pigs steady 7.a5 to
s.35.
sheep, receipts 1000: receipts today
all to packers direct. compared with q
a week ago, fed lamhF 25 to 40 cents
higher: spring lambs uneven but sharp
~ lower; yearlings and sheep generally
steady.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09

to $40, which, according to our records,
is the low mark for nearly 16 years.
The movement to sell this excellent Sc;
curity so low was no doubt prompted
by the desire Of certain holders TO
raise money in a hurry, either to cover
on present commitments or for fur.
Their commitments in other securities
whose opportunities for advance may
be more plain There was time not
long ago when the operations at the
Hazel-Atlas plants were very low In.
deed. Shipments are heavier now.
however, and it Is en- open secret that
statesmen for the company are sending
in some very fair business. Hazel'At-
las should be another Of the scVerai
local shares that will probably give
good account OF itself when the buSi-
ness situation has cleared still tur-
Their.
The various Federal reserve banks
are showing some inclination to re-
duce rates of discount This should
help the money situation, long since =
doughty deterrent in the path Of the
market
The railroad stocks have been strong
in New York. The present admins
tration in Washington is showing SUI.
ficient good sense to adopt Give and
let live" policy toward the railroads.
And when these mighty carriers get
back on their feet. look out for the
stock market. Without prosperous
railroads no commonwealth can pro-
cress. For number Of years country
politicians in Washington have used
the railroads as vehicles for carrying
on their own petty political ambitions.
All this is now largely obviated. and
their true worth Is being recognized.
They will be permitted to grow and
expand and help America to pro-
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
NASH MOTORS DIVIDEND.

Dividend Of sl.TJ share was declared
on preferred stock of The Nash Motors
company last week at meeting OF the
board of directors held in kenosha. The
dividend is quarterly and WAS payable
May . to stockholders of record April 20.
Nash production has been increased
each month since last December and the
board Of directors regard |ith tull m"a-
sure of confidence the outlook FOR a
continued growth Of The Nash Motors
company on sound and SUBSTANTIAL
ho Gle
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
FINANCIAL NOTES hMD COMMENTS
fBy Private wire to A. e. Masteu g. Coz

(By Private Wire to A. Z. Masten Col
New York May. Our suggestion TOT
the present would he 10 do nothing anu
watch developments.
We think that advantage should ne
taken of any setbacks TO make purchases
Of stocks.
The rails on tho other hand. although
showing substantial advances from the
levels in which We urged accumulation
are still vigorous and nothing but Inc
act that Reading stopped at its pre-
vious point of resistance suggests ina!
the move here Is through.
In my event VIC doubt If they Will ad-
vance much further before the market
experiences a general setback following
the idustrial distribution that seems l."
haze been going on since April - when
the industrial list Was only Il OF
point below its present level.
In the meantime. >wc think tAa' I'M"
same tactics which have led TO the ut'i-
cation of Asphalt. Studebakcr and M"HI-
,.an Pet ~ create bullish sentiment
NAV lead to the picking up of LehiSi
Valley and later ON II final har" IN the
coppers. The motors having led the I'd ~
I'D are now rcacting Will" other sec
tions arc still advancing IN round OUT
tho advance. There is no doubt but that
the motor business has slowed up con
sjdcrably and That the estimates OF
early spring must be revised. Hut ms
Is true Of general business Also wh'ch
is another reason for not buying lnuus-
trials at these levels.
s. 3. Chaplin principal sellers GMo.
Market shows indications of closing
lower, which to our mind would IN
dicste highs of this movement were
reached last Thursday for at least a
week to come.
The reduction in tn" price Of GER
tain types Of the Chevrolet Motor cars
was responsible for the selling in Cen
eral Motors and some of the other is
sues today.
L. S. Rubber Co, is expected to an
nounce a reduction in tire prices.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
n1cAnr1IB PAPER

New YorE, May Prime mercantile
naper 7G7k,; exchange strong: sterling
foIdav hills and commercial so day bills
on banks 393K; commercial 60 day bills
393. demand 1919. cables 39Si&: francs,
demand $50: cables S34: Bcigisn francs
demand S3l; cables 500: gu!hers. De,
mand 3542; cables 3552; Ire dimqa sT.
cables I5o: Greece. demand $50: Sweden.
demand 932S: Norway. demnrd 1910; Ar.
gentine. demand 5000; Brazilian. demand
130o: Montreal . 1916 perce"t discount.
Government and railroad nords nrm'
Francs declined in the Erte dealings.
Francs, demand S26: cables S2S: Belgian
francs, demand S26; cables S2s.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
DRxaooDs NARKEr.

New York, May Print cIoths were
firmer with higher tendency in some
constructions. Sheetings for the manu-
featuring trades were in broader call.
Fine goods were barely steady. Fruit
OF the loom A. bleached cottons have
been withdrawn from sale. the product
having bten taken up to August. Knit
goods for immediate delivery were in
better demand. Hosiery continues steady
wool goods quite and firm; and burlaps
steady.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
Open. High. Low. Close.

Cash uuotat ions:
Wheat-No. red. sl.4S: No. red,
$l.47.
Corr-No. mixed. SOC; No. . yellow,
601t oslo.
Oats-No. white. 37l793S c; No.
8 white. 3Tt4 T3IiSc.
Pork--Nominal.
l.ard-$3.55.
Ribs-s9o5m 1925.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
Total sales $50, 200 shares.


New York. May 7.-Liberty bonds
caosed:-34's. $3.50; first As. 1856 bid;
second As. $T.34: first AIS. SI.6S;
second AIS, S7.36; third ANS. 9o.SS:
fourth AIS, S7.44: Victory G%'s. $500;
Victory Ans, $500.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
CHICAGO GRAIN

Chicago. May Its technical posi-
ton weakened by yesterdays bulge. thu
wheat market gave way today readily
when reports of rains in the southwest
wiped out Fridays pessimistic reports
OF crop conditions there. The close was
So to 6G cents net lower, with May at
$1.41l4 to $l.43A. and July $l.lS%. to
$l.14. Corn lost TO ! c: oats Is 10 Is
cents. and provisions 10 TO % cents.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
TOLEDO NA1xET.

Toledo, May Wheat. cash and NAY
CT Cioversecd. prime cash 1880; October
go: December $40.
FIJI; Timothy. prime cash 1913. 2,s5: 1919.
900: 1920 and May sos; September
$40; October 3.35.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
prrrsBuRaK LIVE STOCK

Pittsburgh, May Hogs. receipts =
500: market steady: heavies SIS; york
ers and pigs s,25@s.so.. e.,
Sheep and, lambs, receipts 500: steady;
top sheep 100: top lambsAA1.0o.
Calves receipts IS; ste top 11.50.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09

sterling Products lnc.-Transfer BOOK:
close April IS. for 3 per cent cash o!Fi-
dcnd, payable May 2. 49,,
NOTICE - Beginning Mon1aN. S Hpru
osth the hours Of the Wheeling stock
Exchange will be from $50 n. m. TO
A n n. m.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
BOSTON COPPER STOCKS

Wheeling. W. Va. May s. '21.
Furnished The Intellgencer by A. 3,
Masten Co. members Boston Stock
Exchange. second floor National Rank
~ "a RldR
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
N. Y. STOCK EXCHANGE

wheeling, ". Va. May 6. 81.
YurnIshea The Inteligencer by A. =
Aasten e Co members 81 the New Yori
Stock Exchange. NatioLal Bank Build
lsE, Wheeling. w. Va, Louis F. Brand
Sesident Partner.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
STANDARD OIL
SUBSIDIARY STOCKS

Wheeling. W. Va. May s, 81.
Furnished The ln.ellIgencer by A. e
Masten 4 Co, members New York Stock
exchange. secord floor National BanR
Of " va BLDG
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
NEW YORK CURB MARKED

Wheeling. W. Va. May s, FL
Reported by A. E. Masten & Co.. mem,
Gers New York Stock Exchange, secouS
floor National Bunk OF w. Va. Blog
STOCKS. Bid. ASK.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
PITTSBURGH STOCKS

Wheeling. W. Va. May 6. '21
Furnished The Intelllgencer bySA. E.
Masten & Co. members Pittsburgh Stock
Exchange, second floor Nationa! bank
NJ w Vo Ride
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
LOCAL STOCKS

Wheeling, w. Va. May 6, Il.
Daily quotation list Wheeling stock
Exchange, compiled for The Intelligent
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
N, Y, COTTON MARKET
Whcelinc w. Va, May S.

Wheeling, w. Va. May S, 81.
Furnished The Inlellgencer by a. E.
Nasten g. Co. members New York Stock
Exchange. Second floor National Bank
OF w Va. Bldg
S,Drkq Onrn / High I Low\CloSo
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09

No matter what you want 1t VIII save
you time and money to use 1NIEL-
LIGENCER WANT ADS.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09

s OIL City, May Credit blannces $3.50.
Il uns SS,55S average 32.573. Shipments
4p,5fS; average 24.s60.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09
Howard Hazlett h Son
Wheeling Steel Pfd. "B"

Rooms 215, az. 222 wig. Steal Corp
Building. 20
Members Wheeling Stock Exchange
Phones: 2510. 2511. 3S1:.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-09

STOCKS.
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1921-04-28
II. Jahn~bury Orchestra To
Give Dance Tonight

gfaoA swH - fhe aameanw Hnaha
sst# fMs mNn@amns gasms ~ Eh@ma@s
II Baa s@shs. natea NJ l@hn~@aEY
msa seaam. SAT he shan 20 emnaast
Aamee eVeF8 fhaHea@y esenamw ~ f.
eAssfe haA Ths ePsnimw party al
20 NtNsn ten2ht ana large atts@a-
ame~ anticipated
fhe Sc A@hnsb usg 0TvhesaHA.
l8 ugBmaNwa r@aNE& ef t@Aenf "a
aaaAetams, NAassmN : variety Of iR-
"a samgents. wsA faFm8aH ghs msws4e f@F
be- aamses Hhs @geheatFa eama8sga
az GesHNe Ael.eed, esEmes HARRY
Niece. sgaHmh@0e II e. MaBA~
psam@ ama Ragws@na hasAws AZ waeA
Ar axeNpt.wH 1T - BaAlsg mh@aa
aetHe sn Ms@e@ b Afe aesastvats vi
aehn hmeg
re- fmm mes&e #at1 h. twwsmr
4nsmse2 a@aA tHn stmf8@ "a hwf+
emeh w8i' hsm ~ i~m8 thr arehHafa
am8 thwae ~ @ a8we haRfa fh w2ana
an f#s rel H an# tnm8N are fwm heFw-
aana8 Mh@ aMH8s kmam fmEl msii
tHAf hm wtH m4egg 80 mal 8maamms
81 R#n nta t@F b. sMl awim8Hs ~
mh N hurnmNae aeess sn a.
snfe nesse vie believe hs mAi nAxs s
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1921-04-28

- - trnEa - y


fNm M8 EsMtuFva ta fhe alefUA& ! ~
saAvsf ha# great alfsAr@isy lm sasti am
~ tmaA a8Mi VT stl w fae ~ a#
samas A. &c ha e@w ae ~ tto NMfNe
/ MN A8msan mthAs - eFTMa saF fasNR
AsmsM fH sal taa heme8 hlEseH ~
tmf aaa saseAlmR enc Asast wa9 e.
se@Nh @8 &ms tslaaaTa aAs# smaAAm@ ~
ams % n hme M@@e h.s n aHa#s
81 tnAf ls tswAs4hs N saF88a Mt h@
70 GMe Aeaa Is keasm. lseiag#N - q
9e8 msH 81 th sFmpa8#amt Eseest em
Fa8H eaMmfst a @e@# w&Hsts ne sskeE :
tagem 49, alfsma @m ST.
umA AZ e. Nmsts "a the imstfM3*
~mn 8. - mea w# m Ief8 hfAM
msak as ea @A aHMAm# ~ ~h@ @a
h8eE go ame wM# ai thN ffve#
Tee sMmm#fE Fm..@mH