davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-03-11
DIVIDENDS CUT DOWN
BY MORE COMPANIES
Elimination of Regular Pay.
nents Announced by Some.

Several companies announced yestcr-
day either reductions or the elimination
of dividends, while some merely deferred
action. Cuts o. the Victor Talking Ma
chine Company and the Great Western
Sugar Company were large.
The Victor company. which has been
paying quarterly dividends OF s15 n
share on the common stock, ordered n
quarterly dividend of Sl0 share. The
regular quarterly dividend of s1.75 was
declared on the preferred stock both
payable April IL TO stock OF record
March 81.
The Great Western Sugar Company,
according TO Denver dispatches. declared
an extra dividend of 2ia per cent and
the regular quarterly, dividend of 1R
per cent. on the common stock. For the
last four years the company has been
paying the regular dividend In addition
To extra dividends amounting TO 80 per
cent year.
Directors of the Hydraulic steel Com
pany declared the regular dividend Of
SITS a share on the preferred stock
payable March 81 to stock Of record
March 10, but took no action on tho 70
cent common dividend usually declared
The Phelps Dodge Corporation. which
has been paying dividends OF $3.50
quarter announced yesterday the dec
laration Of quarterly dividend Of 81 a
share on the capital stock, payable April
/ to stock of record March is.
The American Agricultural Chemical
Corporation declared the dividend of
per cent. on the common stock. payable
in stock. as it did three months ago.
Prior 20 that dividends had been paid
in cash. The regular quarterly dividend
Of / Is per cent. on the preferred stock
was declared, both payable April 10 To
stock of record March 81.
Royal Baking Powder Company direc-
tors have deferred action on the COM
mon dividend until their next meeting.
The regular quarterly dividend OF ~
per cent. on the preferred stock was de-
clared. payable March 81 TO stock or
record March -.
Directors of the Chandler Motor COM
pany declared the regular dividend ~
$3.50 q. share on the capital stock pay
able April to stock OF record March 2l.
In announcing the dividend the presi-
dent said Business for some time has
shown a marked Improvement and ship
ments AFRO on satisfactory basis and
are steadily increasing. Chandler Motor
Company Is in strong cash position,
has a large volume OF business on Its
books and has no Indebtedness outside
OF current accounts"
The New York herald., 1921-03-11
PITTSBURGH COAL EARNINGS.
aIG.27 Ehare Reported. Com
pnrcd with $500 I'm 1919.

The report OF the Pittsburgh Coal Com
pnny of Pennsylvania for the year ended
December 81. 1920, shows net income
after ali charges. but before Federal
taxes. Of s10.932.Ti5. equivalent to Sl67 q
share earned on the aggregate common
and preferred stocks, which share
equally after the payment OF G per cent.
dividends on each. In the preceding year
the net income amounted to $3.50 share
on the stock.
Gross receipts we're sts.5e6.5s9. compared
with 81 .S02.13i In the preceding year. and
expenses and taxes s3i. .29i0S4. against
soa 2l@. 23l. Depletion, dcprcclation, inter-
at, &C. amounted 70 s3,3Sa, 100. compared
with Ss.&l,ts making net income before
taxes slC a32.1i5 Preferred dividends to-
tailed ST. 10000 and common dividends
81. COS io0, leaving q surplus for the year
or S ,iglT6e Tor Federal taxes for the
preceding year sissso6 was charged off
making the total profit and loss surplus
az or December 81. 1890, sao.a6oS2S.
The New York herald., 1921-03-11
MISSOURI PACIFIC ELECTION.

in yesterdays special mectlns of the
directors or the Missouri radcc Eati-
road Company the following werc elcct-
"a directors: ~. H. Potter, 4 N ne
cersdorff. q. c tiughtt and y.
Utter Tney taNc tile places 90 N u.
Brady. A. vi. WiEgiu J. n Mcclemcnt
resigned and or a. n HcmphlN. de-
ceased. Vacancies i'll the road eAceu-
tive COMMITTEES we're flied ~ the elet-
ton or M. G Bwsn, Bertram Cuuc
WI. &. Potter and q a. Drew The
changes we're made T. comply vim tn-
CLAYTON aw.
The New York herald., 1921-03-11
DROP In U. S. STEEL'S
UNTITLED TONNAGE
New Business in February To
tailed 100000 Tons: Ship
ments 800, 800.

Although the new business contracted
for by the United States Steel Corpora
tion IN February amounted TO approx
nlately 100000 tons, the decline in un-
filed orders at the end of the month
in comparison with the preceding month
totalled 639.297 tons. The untitled ton
mage February 2S aggregated 6,933,S67
tons. compared with 7,573164 tons at
the end of January. and s,14S,122 at the
end of last year. On February 28, 1920,
the untitled orders amounted to 9,502,-
0S1 tons.
During the month tho corporation
shipped about 999300 tons, indicating
that production was still maintained at
rate much higher than by independent
companies. SO far this month, however
there has been no apparent revival in
business coming into the corporation
and it Is expected that another sharp
decline will be ed In the untitled
tonnage record for March.
The following table gives a con1pari-
son of untitled tonnage on hand each
month since March, 1919:
The New York herald., 1921-03-11
CALIFORNIA STANDARD REPORT
Sii.o2 share In 1920. mn In
crease over 1910.

The annual report OF the Standard
oil Company Of California shows net
PROFITS for 1920 after depreciation. deple-
tion and taxes OF s41,655.254, or si1,92
4 share earned on the outstanding cap!-
tai stocit. This compares with $3i,0o2,
16S ia the preceding year.
Not earnings we're S5s.4i3.Sl9. against
s4s. .566.927 M 1919. and depreciation and
depletion were charged off Mt s9,79S.565
compared with ss,l76.220. Federal taxes
aggregated $7,e60,0o0, compared wish
s9.327.sS9. and dividends SiS,912,26s,
against S1s.415.396, leaving anal SUR
plus for tho year or S27,742,99l.
The New York herald., 1921-03-11

SAN FnANcrgco. March 1o.--stock-
hoIdera of the Standard oil Company
voted to-day 10 issue s16,000,o00 stock
OF the corporation TO be sold TO Its eni-
ployees. who will be assisted In paying
FOR IL by a bonus from the company.
The new issue win bring the corpora
tion's capitalization UP to Sll5,0oo,OoO'
The stockholders voted 70 reduce the par
value Of the company's stock from slOo
q share TO s25 a share. It's old direc-
tors and officers were reelected to-day
in the annual meeting 81 the corpora
tlon's stockholders.
The New York herald., 1921-03-11

Production OF steel ingots for Feb
ruary, shown by the monthly report Of
the American Iron and Steel Institute
for thirty companies, making about 50
per cent. of the country's total produc-
ton, was 1.749,477 tons. the lowest in
many years. In January 1t was 2,203. 50
tons and in February OF last year 2.S65.-
f24 tons. The total output for the first
two months of this year Is at the an
nual rate of 27,90f.t50 tons, compared
with a total production in 1920 Of ap-
proxmately 40,500,000 tons.
The New York herald., 1921-03-11
LIBERTY BANK DIVIDEND.

Directors VI the Liberty Bank of New
York at 4 special meeting on >Wednes-
day declared tho regular quarterly diyl-
dcnd of "A per cent. for the quarter
ending March ai, payable March - 70
stockholders or record March - Direc-
tors of THO Liberty Securities Corpora
tion declared yesterday Tho regular
quarterly dividend ~ per cent on The
preferred stock for the quarter ending
March "a. payable March 81 10 stock
holders ~ record Nnrch -.
The New York herald., 1921-03-11
10 Holders % Debcrhirc Bonds Issued "
The American Agricultural
Chemical Company

In conformity with paragraph n ~ cer-
tain indenturc made ~ Tho American Agfi-
Trust Company ~ New Work. dated the 2nd
day Or February. 1914. notice u hereby given
mat The American Agricultural Chemical
company has elected to call iu and redeem
and does hereby cali in and will redeem pnd
ray at tna office Or sald Trust Company,
40 Broadway, FL tho Gtty 10 Ntr YORK, on
-he ncXt date on watch Interest ou said
dsbenture bonds EAali become uuc nnd pay
able august l7t. 1921, Hii its aehcnturo
bonds outstanding On said date nt Dne hgu-
dred and one per ceutum iOieei Of the face
value thereof and accrued interest.
Holders Of drbcnture bonds may. as their
election, deliver 'hc wnrie cu, or nt HuN tine
prior 20, aad date 10 tie Trnht Company a.
tts New York cfficc. AMI On making such de-
livery with all coupons attached thereto VIII
receive payment for said bonds at lhe above
rate with ai interest accrued thereon
Dated March TIN. 1921
TIE AMERICAN AgRcuLTURAL CHEM.
iCAL COMPANY.
4rt af4
The New York herald., 1921-03-11
Talks
To Investors

IHE AVERAGE MAX will try any
thing once. He may cash
check or make loan without
looking mp the borrowers credit.
But if he is stuck he won't do
IL second time. =
A BUSINESS MAN OR MERCHANT
may take a chance on a promis-
ing but untried customer and
give him line Of credit. But if
he is stuck" he WON'T do it a
second time.
n CBEDULoUs PERSON may sy. allow
any sort of a fantastic tale 'siine,
hook and sinkcr': hut if he ever
wakes up, he won't swallow the
same tale a second time.
AND YET THOUSANDS or INVESTORS
will buy securities on the mcrcst
whin or s'say-so,n without the
least investigation. and lose. and
buy again and lose again.
HEY WONDER why they lose;
they sec their capital slip away
before their eyes and are helpless
10 avoid the loss. But why? Why
are they not like the average
man who viii try anything once,
only?
WHAT is THE ANSWER. Write us
and we will tell you. 1t will be
worth while.
Moody's Investors Service
JOHN MOODY. predden,
IS Nassau Street New York, n. Y
aosToN rHILADErFHn CHICAGO
The New York herald., 1921-03-11
cAnIEs.

MO A 10 i15 reis lower. Dollar rate 40
higher. AZ GS32o Exchange UNCHANGED, Al
p4td Receipts 900 bags ana stock 100000
bapa santos futures 35 10 iH0 refs higher.
Receipts 20 600 bags and Htock S,la2,0n0 bags.
geccIpia at ports 80 zoo bags. against 2p0p0
Iaai vrar and 70 600 two years ago. sac
Iaulo hHd 9ao00, against ~ 900 and $4,000.
hnsH. III sspeCtttely Fine weather Hi Two dfa-
frie's of sac Pauo. cloudy III ono and rain
ff5
The New York herald., 1921-03-11
FOREIGN BANK STATEMENTS.

LONDON, March 1o.-Thc Bank OF
England's weekly statement shows the
following changes
The New York herald., 1921-03-11

1fANr v0u ur 1870 foE suir2 10 you want
RS Buy : N0ad used carr You Vulck ac-
flon rs the Automobile Excha~ n The
Hnrn}dR Want Aa. @ertlon.-Ad
The New York herald., 1921-03-11
COFTL-

Tile range Of prices IN Yesterday
ccQee futures market follows:
The New York herald., 1921-03-11
BID AND ASKE ED QUOT llO ~
n. Y. STOCK EXCHANGE QUOTATIONS..
FOREIGN BONDS,

To the following prices accrued interest -
TO be added in every case.
The New York herald., 1921-03-11
Dominion of Canada
S Year SO Gold Bonds
Dated March 1; 1921

rt information contained
The New York herald., 1921-03-11
Boss. iron, Pitts. ... 2f.
Beas. bills, Pitts. ... 80.

oNDoN. March io.-FoilowinE are the
,tnu metal quotations.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1921-01-05
MRS. MOTT TEST|F|ES
AGAINST MURDERERS

BRIDGEPORT, Conn. Jan. 5.-(U.
P.)-Sobbing and near collapse. Mrs.
Ethel Mott, on the witness stand, de-
scribed in detail the brutal murder of
her husband, George Mott. She was
called as a witness bv the prosecution
In the trial Of Elwood Wade, charged
witn Kilnng Mott. She described how
Wade and his pal, John Johnston, en-
tered the house, stole upstairs in their
stocking feet to Motifs room. She tes-
titled Wade had asked her to let him
go upstairs and attack Mott. 1t is al
legged by the state that Wade was en-
amored of Mrs, Mott and killed her
husband for that reason. She and
Johnston are also charged with muir
der. She testified she could not con-
troll Wade and that he went upstairs
without her permission. She said
Johnston came running down. Then
she heart Mott yell, then a shot. soon
the two men mmbled down stairs. The
husband died almost immediately,
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1921-01-05
THOMAS BUYS STORE
IN PORTLAND ALSO

W. II. Thomas. owner of the Thom-
as Shop in Peudleton. the Criterion in
Walia Waila and the Thomas Shop in
Wenatchee. yesterday became owner
OF controlling interest in Bartholo-
news In Portland thus completing a
chain of stores for ladies' resdy-to-
wear, owned by Mr.. Thomas.
Mr.. Thomas will in future make his
headquarters in Portland and the
Pendleton ore win be managed by
Chris Stadfeld, for the past four years
employed by Sayres' store and who
has had experience in the merchandise
business.
+. /. Bartholomew, with whom Mr..
Thomas Will be associated in business,
viii spend the greater part of his time
in New York and will purchase wom-
ems clothing for the four stores own
ed by Mr.. Thomas. Mr.. Thomas feels
that with MIR. Bartholomew service
he will be able to give his Pendleton
patrons and those in the other three
cities an opportunity to choose from
the most exclusive models He be-
lieves also that Mr.. Bartholomew will
be able to watch the market and give
patrons the advantage Of changes in
prices
The Thomas Shop in this city was
remodelled and re-decorated.
The shop was founded four years ago
last October and was formerly The
Paris.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1921-01-05
R. M. SAWTELLE HAS
Retired FROM STORE

Royal NJ. Sawtele. for the past 10
years ieweler in Pendleton, retired
from active part in the firm of Royal
Sawtelle, Inc, ON January /, according
to announcement made today.
Mr., Sawtelle retains his interest in
the corporation, but Philo Rounds will
in future be in charge of the store.
Mr. Rounds, who was formerly asso~
ciated with the *. Falkenberg jewelry
store in Walla Walla. became a mem
Der of the local firm when it was in
corporated last May. The store is
known as the oldest in Eastern Ore
gon, having been founded by Mr.. Will
kinson in 1887, Mr.. Sawtene purchas-
ed it from II. L. Hashrook, and since
that time the growth Of the business
has been steady,
After closing business matters in
the city, Mr.. Sawtelle, accompanied by
his wife and two children, will leave
i'endleton. They expect to depart
within the next few months. Both Mr.,
s'nd Mrs Sawtelle are popular in social
circles and Pendleton people are re-
GREETING their departure.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1921-01-05
WEST END MEN WANT
BUTTER CREEK ROAD

DELEGATIONS from Hermiston. SIAN
field and Echo commercial bodies To-
day waited upon the new county COM
m!ssioners to present solid petition
for immediate action ON the Butter
Creek highway from the Columbia
river to Lena, in Morrow county. This
road has been under Contamination
for several snonths and action on. Il
was revived on the Sunday following
Christmas when delegates from all the
towns affected met at Pine city for
discussion.
The commissioners were also visited
this morning By a small delegation
from Ferndale. asking for improve.
ment of roads near the state line The
road from Ferndale school to Tum-a-
Lum school has been partially rocked
by the farmers living along lis route
and now they ask that the county give
its help and plan further road i'm
provements ]. 7. Haun, Peter AL
bright. W. w. Higgins and c. 8
oBrien comprised that delegation.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1921-01-05
Expected Battle in Council To-
night Will Not MateriaIize is
Belief Held by Those Who
Seem in Close Touch.
FRIEDLY SAYS PEOPLE
WILL LIKE SOLUTION
City Attorney, Physician and
Recorder Are to be Named at
Session Tonight; Much In
terest Taken by Public.

While the city awaits with more
than usual interest announcement as
to the selection by the city council to-
night OF a chief OF police. members OF
the police committee today are not
committing themselves for publication
beyond saying that they are ''in ac-
cord" with regard to action TO be ia
ken tonight.
The committee. consisting OF Coun-
cllmen Willard Bond, Manuel Friedly
and William Dunn, met this morning
to consider the police chief situation.
We reached n conclusion that we be-
lieve will be satisfactory to at least
80 per cent OF the people, was Mr..
Friedly's statement on the matter.
Mayor George a. Hartman was not
present at the meeting, he said, and
disclaimcd knowledge Of what had
transpired. He was inclined to believe
as Mr.. Friedly later declared. that the
promised battle over an appointment
would fail nlatertfliEa.
Qffiolaia were unwilling TO say
whether an agreement had been reach
ed on the selection Of "A man for the
Job. Dark horse talk aforementioned
but neither confirmed nor denied.
Indications were today that the
council chambers would be crowded
with spectators tonight at 1880 o'clock
when the new council sits in its first
official session. Beside taking action
on the marshalship. the appointments
of city physician. city attorney and
recorder will be made and confirmed
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1921-01-05
WILL DISCUSS SITE
FOR SOLDIER HOSPITAL

Or. F, A. Lieuallen and Perry l.,
ldleman, local members of the state
disqualification committee of the Am
crican Legion, left for Walla Walla
this noon in response to a request that
they meet Washington officials of the
legion and army officers in an inspec-
tion of the old Fort Walla Waila bar
racks as possible hospital site for
wounded men of the world war need
ing hospital treatment,
Washington legion officials have
been on tour of the state looking
after men needing hospital treatment
and looking into the facilities provid-
cd former service men receiving voca-
tional training at the various institus-
tions in the state. The hospital propo-
sition at Walla Walla is understood
here to he for all men of the north
west country.
Charles $. Albert, commander of
Spokane Post, and L. F. Hull, also of
Spokane, are among those with whom
the local men will confer. An Asso-
ciated Prehs dispatch today said they
would later visit Pendleton.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1921-01-05
TOBACCO GROWERS ARE
READY FOR WAR PATH

CONVICTION, Ky, Jan. ga. P.)
Following sudden termination of the
first sale of the season today of the
loose leaf tobacco market of Coving-
ton. about 400 growers unanimously
passed a resolution to withdraw all
1920 tobacco from the market and not
to raise crop in 1921.
Wild excitement prevailed when
prices far below those anticipated by
the farmers were posted soon after
the opening Of the market and it was
decided TO suspend operations for the
day The sheriff and several deputies
went to the scene to preserve order at
the warehouses where approximately
100000 pounds of new crop tobacco
were stored.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1921-01-05
NO CRIME TO WEAR
CHINA PHEASANT
FEATHER IN HAT

Imatllla county women who
4 wear the plumage of the China 4
= pheasant as decoration for 4
+ millinery need not fear arrest i
= for violation Of the federal game 4
: law. according to Lester w. 4
. Humphreys. United Safes dis 4
: trict attorney. who has settled !
: the question in response to a 4
. query from Mrs. Edith G. Van 4
= neosen, home demonstration i
: agent. {
The gorgeous feathers of the I
= bird are in high favor as an =
= adornment for milady, but some =
= women feared TO wear the plum +
: age because of the game laws. +
+ Attorney Humphreys says that :
the birds are not migratory and +
+ that II killed In season. there is +
: no penalty for using the feath- =
+ ers =
+ AT millinery school held re- =
= Gently in Hermiston under the =
+ direction Of Mrs Van Deusen, ?
+ three pheasant hats were made. =
= Wholesale milliners in the East =
are featuring pheasant hats, ,
+ and are combining the feathers =
+ with other materials in toques +
= aud many other eonceits to +
catch the feminine eye. +
t + + I + + + + = : + + = Z
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1921-01-05
Rumania and Greece May be
Aligned Against Combination
Of Russia and Turkey Says
Paris Correspondent.
FRANCE WILL BACK
POLAND If ATTACKED
Assignment of BesSaFabia to
RumanIa Believed Cause of
Concentration of BoIsheviki
Troops on the Frontier. .sa

PARIS. Jan. S. Henry Wood, u.
r. Staff Correspondent 1.-THE Rus
sian government is planning spring
drive into Rumania and Galicia. ac-
cdrding to military experts here. Re-
cent developments along the western
frontier OF Russia has convinced crit
les the soviet army will drive into
those territories when the weather
permits. A new EuFopean war with
various nations dragging and topping
one another Into the fighting Is seen
as possible consequence Il is be-
lieved the fighting win Involve Po-
land and that il will neeassitate a cam
paign into the north Fear OF other
nations topping over the brink re-
sulted from the realization the bolshe-
Wiki have linked themselves with Tur-.
key through the crushing OF Armenia.
The Turks, armed and stlIl in the
field. are protesting against the set
tlement Of the Turkish boundary. and
Il would be easy % lead than tntn q
conflict, II II Hi8ved here
Rafiania might count on tie sup
port OF Greece. wltH these two ma
tions IN the field. there would be every
possibility of another Balkan expIo-
sion- France is openly preparing to
aid Poland in the event OF a bolshe-
Wiki attack.
Credits have already been voted for
the purpose and France. through her
alliance. might be able to pull stllisoth-
ers into the war. Rumanla is credited
with 100000 trained troops, ready far
quick service. The Rumanian aut uthori-
ties have proudly pointed out these
are trained men, better able to. With
stand attack than were the hastily
Poles or last year. The
Russian army. still mobilized, . char
ing and eager for continuation OF its
success against General Wrangel in
rrimea al close OF the 1890 campaign.
Huge concentrations Of troops have
been buiked against the Bessarabiar
frontier which was recently assigned
o Rumania.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1921-01-05
PRESS AGENT STUNT
ALMOST A TRAGEDY

DNEvER, Jan. 5.-(U. PA press
agent stunt, sponsored by local movie
theatre, consisting of a series Of amor
Gus post cards signed by a woman,
addressed to married men, calling at
tention to the scene in a certain pic
ture, nearly caused tragedy in the
home of Archie Young, a travelling
salesman. here. Mrs. Young received
the endearing cards while the husband
was on the road. she was in mysteries
when he returned home. Physicians
finally succeeded in convincing Mrs.
Young the cards were not from her
husbands affinity. but merely the
work of a press agent whose activities
caused similar upheavals in several
Denver homes. Messages on the cards
were rather suggestive.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1921-01-05
MASSLNG IF RUSSIAN TROOPS AGAINST
BESSARABlAN BORDER MAY BRING WAR
NEW BUDGET AND WORKING
PLAN ENLARGES SCOPE OF
COMMERCIAL ASSOCIATION

Recommendation OF the finance
committee Of the Pendleton CONNER.
elai Association were adopted with q
Few changes at the January meeting
last night, providing for a campaien
10 double the present membership. for
ia iuIltime secretary and an assistant
ara ~. increased budget. An amend :
h'Fht 20 the bylaws, leaving to the
discretion cf the board of managers
the choice Of the secretary and the sal
airy to pe paid him, was passed unan-
imously.
fdral memberships in the numer-
Gus business establishments Of PendIe-
tcn VIII be sought in doubling the
present roll. Blu means of the added
revenue the association believes thar
passing the hat" for extra entertain
meats and enterprises will be done
away with except in rare instances.
Greater service can be rendered with
budget approximating $1,000 a year.
me committee report declared.
Automobile Item Erased
An automobile provided for the
secretary's use was suggested in the
original report Of the finance commit
tee but that item was eliminated be-
fore the report was adopted. The rea
pert also fixed the salary to be paid
the secretary but this. too. was chang
ed. to leave that matter in the board
of managers hands
The treasurer Of the association is
also responsible to the board Of man
ayers, by the terms of the amend
11ent passed.
Machinery for putting into action