davidaulloa/AmericanStories huggingface dataset:
The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1921-08-10
Local and Personal Ment.as,
.ss +. q

4, Miss Minnie Havird, of Newberry is
visiting friends in the city.
Miss Lucy Darlington, of Allendale.
Is the guest of Col. and Mrs. II. d.
Darlington on Irby Avenue.
Mrs. o. w. Leonard and children, OF
Spartanburg, are visiting Mrs. w. w.
Jones.
Mrs. Nv. r.. Brown and Mrs. John
league have returned home after visit
Ing friends in Newberry.
Miss Helen Boyd, Of Greenwood is
the guest Of her sister, Mrs. John Nj.
league.
Mrs. III. Nichols and sons, Horace
and Leon, spent Thursday and Fri
day in Greenwood
Mr.. and Mrs. Fred H. Walker re-
turned Tuesday from Waynesyille, n.
c., whore they spent ten days.
Mr.. and Mrs. G. II. Moseley and two
children, OF Spartanburg, spent the
weekend in the city with Mr.. and Mrs.
G. d. Moseley.
Mr.. and Mrs. &C. e. Parker and chill
drcn have gone to Hcndersonvillc,
AsneVllle ana other mountain resorts
for a few weeks.
Messrs. j Pitts Brown, John In
man. >. r. Moore and Earle and Tom
Owings spent Sunday is Henderson,
Vlllc, golnS up by automobile.
''r. ana MRS. j.. l.. Moore and their
guests, Mf. and Mrs. G. 3. Moffctt, of
Columbia, spent last week in Ashc-
WSe' returning home Saturday
MISS ENla B"rna had for the past
week rs her house guests, Misses
huNe'tc WoSt, or greenwood and
irene Mo8ciy, or Anderson.
MIS-. y. f. owens, or Dunbarton, ar
ilVci I'D INC Guy MONDAY TO spend soV-
eral weeks WIN hcr parents MI. ana
Mfs' 'onn +. Bolt.
Ni''So5 '~ar'oI'c McGoWan, EllHAbcth
MoEeley ahc Hattie GRAY attended the
"eooil's Oh MISS VIENNA Sh'th and Maj
Cooiey, AT f.aslcy, saturday.
N.Y. ara MIS- Archic beam .! hiSicy
are visiting MI. and MIS-. Z. ". Ma''nn
IN the Napun community and were
VlsltcEa IN tho city Monday.
Mrs. lAnwood Martin. who was pain
luily injured as the result of fall
at hef nome IN TINS city last week, is
Improving rapidiy.
MIS- >. !" Hoggahs ana children OF
D"'iaS' rex, WHO nave Deen visiting
WI. ana MIS-. u. u. Bale In this city,
n1n
The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1921-08-10
WolT Family Reunion

The descendants Of the late Dr..
John s. Wolff viii meet at Chestnut
Ridge church Thursday Of this week
to enjoy the annual reunion. All mem
bers OF the family and friends arc in
vited.
New-York tribune., 1921-02-22
National Acme

Earnings Of the National Acme Com
pany, which passed its quarterly divi-
dend of IL per cent at the end of last
week, are conservatively estimated for
1920 at $2,500,000, after allowance for
taxes. Dividend requirements were z
per cent. amounting to $1,750000, leav-
ing balance for surplus of approx
mately s75O0oo. A. W. Hem, presi-
dent of the company, in a statement is
sued to the stockholders calls attention
to the fact that total deductions last
year for dividends, development work
and increased inventories amounted to
S6,825,000. Giving due consideration
to the existing conditions of our bust
ness, to the nature of the times
through which we are passing, and
likewise bearing in mind that the com
pany is borrowing to fairly large ex-
tent, the directors were unanimously
of the opinion that the stockholders
interests were being best conserved by
passing the current quarterly divi-
dend." President HEM estimates that,
exclusive Of patents and good will, the
company's books as Of the end of the
year show value of approximately $32
q share for the stock
New-York tribune., 1921-02-22
Stock Prices
Again Decline
On Pressure
Moderate Average Recession
Represents Attempt of
Professional Trader q
TO Profit ON Changes

Although the trend of security prices
was downward yesterday, as on Satur-
day. the days fluctuations were with
out new significance to the student of
the broader movements In finance and
business. The moderate average de-
clines of railroad and industrial stocks
IN connection with unfavorable items
in the budget of the days news repre-
sented primarily the attempt of profes-
sional traders to profit quickly from
transient changes.
The selling pressure, originating
from bear traders, was directed prn-
cipally on speciality stocks, and the
effect of this was depressing infiu-
ence on quotations generally in ragged
market Among the unfavorable pieces
of news were the publication Of the
porphyrry copper companies, revealing
weaken further the market position of
the fast receding Atlantic Gulf g. West
Indies stock. and Stock Exchange
suspension. In heavy trading that Sc
curity closed with ret loss of 45s
points at 45ss, having fallen as low as
423a before the significance of state
ment from the president was assimi-
lated. The main targets of the selling
were the shipping, copper and oil
shares
A decline in call money rates from
z to per cent acted as stimulant
to prices, yet, though closing prices
we're higher in most instances than
the lowest for the day, they were on
the average lower than on Saturday.
In the foreign exchange market
sterling, escaping from the forces which
made for reaction toward the close
of last week, began to climb again, and
demand sterling closed at $685., re-
vealing a gain for the day of 2ss
cents. With the exception Of rates on
Norway, the continental exchanges fol-
lowed the course Of pounds and moved
slightly upward, measured in dollars.
The rally in exchange helped COM
modify quotations, and wheat prices
were from IN to 2 cents higher for
the day. Corn quotations were UP
from y to 1ss cents, and cotton prices
showed little change for the day. Be-
fore the holiday the markets were
quiet.
New-York tribune., 1921-02-22
American Agricultural Chemica,

Directors of the American Aericn1-
tural Chemical Company are schednled
to meet on March 10 for action on the
common dividend, which last was de-
ciared in stock payable on January
10. y Since then the company has gone
into the market for S30,000,O0o new
money, which fact. coupled with un
favorable conditions affecting the com
pany's business last year. has led to
talk that at the next meeting the stock
distribution will be curtailed or elimi-
rated. 1t was reported yesterday that
statement will be issued by the com
rany pointing out the conditions that
will have to be faced this year. R. s.
Bradley, president, explained that the
declaration of the last stock dividend
was due to the tardiness of the farm
ers in meeting their obligations to the
company
New-York tribune., 1921-02-22
Copper Conpan;s,
Again Show H..
From Operatios,
Deficits of Porphyry c..
II, Increase in Last Ouss'' w.
Though They Have D.
ON Year Before Diyids'' s's :

A continued loss from ops,,.
shown in the quarterly r,no,,. !.
leading porphyry copper eo.
issued yesterday. AMI : s.s.,s
dividend allowances resulted a..
years operations.
The Utah Copper Company,
ly report showed q loss of ;ssa
cluding loss on securities A, ~.
with g profit of s5O2,953, or 4, 20
share, in the third quarter and
of s2,699,456, or sf.66 a sbar, nl
December, 1919, quarter. Tot,l !,
after dividends amounted to ssoss. ~
as compared with s262, ,721 in ss
cember, 1919. quarter. For Il. a
according TO the quarterly reports 4
profits before dividends were * 81 e =
equivalent to 5000 a share on 80 &. ~
244,900 capital stock $40 nav ~
standing, against s8,252, ,369, Or ES
share, in the preceding year. W.
Nevada Consolidated for +hs n.
Der quarter reported loss from ys'sa- ,.s
tions after allowances for denr..,..ss' s.s'-
of $2S0,499 against a loss of sss,s.
the preceding quarter and net s,,.:.
Of $687,290, or 81 cents share ~
s9,997, ,285 capital stock (S5 pa,, l. !, = 4
December, 1919, quarter. Net e.,,a y
for the year were s235,904, or 70 ,..
share, against S1,225,357, or 81 ~
share. in 1919. va
Ray Consolidated reported Ia, :.
the December quarter after allav.,.'
for depreciation of S60,731 ag,is..
loss of s52,149 in the preceding sT,.
and profits of s647,226, or ii s,-,, ss',',
share, earned on the s15,771, 700 t,s.. s
stock $50 par). For the year s,,.,;
ing to the quarterly reports, Tia a.
pany's total income was se1i.s7E :. !
cents a share, against sl,78Ils Z,
S110 a share, in 1919.
The Butte & Superior Mining q,
pany for the December quarter ,bsr,
\ loss after depreciation Of sIar
against loss of s102,21S In Tia y
ceding quarter and profits Of s5gE
or s1.95 a share, in the Decembsr IA
quarter. For the year total ma,
were s2os,3oo, or II cents In
against $1,054,961. or 1888 g sssn i
1919.
New-York tribune., 1921-02-22
Look for Improved Trade
British Expect Gain in Sout4
American Business

LONDON, Feb. 21.-British tad
with South America IS likely to inI
prove, declares the Daily Sketch, whit,
prints an interview with an unnsnei
member of the Glasgow Chamber d
Co'nmerce relative to the trade situI.
tim. The newspaper is told by this
informant that British exporsfs
should profit from the fact that 'h'
gentine importers disarprove Of Ytr
kee business methods"
"a great many orders given to firn
in America" he asserts, "hsye bet
cancelled because when repeat ordel
were given, Americans, believing u
article wanted must be in great d.
mand. added SO per cent to the pria
This has been done in almost ever
line of business, and the result As
been to drive trade into British ch'h
nels,"
New-York tribune., 1921-02-22
Middle States Oil Dividends

In. addition to the regular monthly
dividends of l per cent for January.
February and March, directors of the
Middle States Oil Corporation yester-
day declared an extra cash distribution
of l per cent, making 4 per cent for
the quarter. 1t was announced that
the board, pending adjustment of the
oil market, had decided that Consider
alton of an additional and special divi-
dend- be deferred until later meeting
Of the board"
New-York tribune., 1921-02-22
Palm Reach Selling

If all the reports of stock market
selling over the wire from Palm Beach
are to be trusted. market operators
who are supposed to be basking in the
sun and bathing in the warm waters
along the Florida coast must be spend
ing much of their time watching the
quotation board. For a week last a
favorite explanation of the selling in
particular issues has been that orders
were pouring in from Palm Beach. The
origin of such reports is probably to
be found in the fact that one of the
Streets prominent bear traders has
been down there for some time past.
New-York tribune., 1921-02-22
2. Lorillard Earns $40
Return on Common Stock
Shows Increase i'm 1919

Surplus of the P. Lorillard Company
for the year ended December 81, after
charges and taxes, was ss,b51 1898,
equivalent after preferred dividends to
1888 share earned on the s3o3o4,-
700 common stock, according to an an
nouncenient yesterday.
This compares with a surplus of
s4,ss1,844, or s1727 share, on the
S24246,6oo common stock in 1919. Net
income for the year, after allowances
for federal taxes, was s7,796,258. an in
crease of S1,553, ,799, and total surplus
at the end of the year, after dividends,
was S10,743,l97, an increase of
New-York tribune., 1921-02-22
The Dollar in Foreign Exchange

Demand sterling was again in good
demand yesterday and, as offerings
we're restricted, rates moved up to
$685. at the close, an advance of
29s cents net. There were no news de-
velopments bearing ON the situation
end it was generally understood that
the upturn for the most part reflected
an absence of selling pressure felt late
last week.
Continental exchanges followed the
course of sterling and showed small
advances, as rule, although there was
slight reaction in Norwegian rates.
Rates on Canada improved slightly,
the premium on New York funds in
Montreal dropping to s151,25, and the
discount on Montreal funds here
dropped to s131.38 per $1,000.
South American rates were irregular,
a slight drop on Argentina being Offset
by an advance on the Uruguayan peso
at Montevideo, which was quoted at
oO% cents against 1875 Saturday.
New-York tribune., 1921-02-22
Pennsylvania Stockholders

A further increase in the number of
stockholders of the Pennsylvania Rail
road took place in January, the figure
on February standing at 134.743, a
gain of 1875 over January /. Since
February 1, 1920, the number of
stockholders has increased 14,434. The
average holding on the first of the
current month was 74.01 shares, com
pared with 1904 shares on January l
and $3.50 shares year ago. Women
are large holders of Pennsylvania
stock, the number on the first of the
month being 64,458.
New-York tribune., 1921-02-22
Metropolitan Life Show
Sl16,O91,262 Caip
Total at End of Year Amouh
to s980,913,087; Surplus b
Placed aft S33,447.852

The Metropolitan Life Insufss
Company in its annual statement !
sued yesterday showed total asgh i
the end of 1920 of $3.50, ,9t3, ,0s7 and s.,
plus above liabilities of s33,Alm
The gain in assets during the year III
$116.091, ,262.
The total amount of insurance y.
standing at the end of the year III
$6,380,012,514, and the number Of MI
cies in force at that time was 8,s8
997, gain of 2,129,326. The number
claims paid totaled 3l2,689. The ans.t
paid to policyholders in the year u
SS1 ,257, 1893. The reduction in geasa
mortality st ages l to IA in nine ysG
has been 22.7 per cent, 1t ws, u
nounced,
New-York tribune., 1921-02-22
Coppers Heavily Sold

Publication yesterday of unfavorable
reports by the porphyry group and
selling of all the copper stocks on the
exchange. Utah was singled out as a
special target by the bears and at the
close the stock had registered loss
Of 3ss points. With the next meeting
of the directors only a short time off.
the Street is filled with reports that
the company will reduce the annual
dividend rate from Sc to 81 a share,
which may also affect the dividend
policy Of the Kennecott board.
New-York tribune., 1921-02-22
Financial Items

John w. Horner, OF Dillon. ~"ss ! O.;
has been elected a member - ooss
Of governors Of the Inv nent Banker
Association OF America 'oceeding o
Wilcox. formerly of B"phriEht 4 60. W., !,
has retired from the banking business "
take up the practice Of law.
Joseph q Hoyt. formerly with Pans
webbcr & Co. has heen appointed msgs, -,
ger of the securities department u .s'
Rochester Trust and safe DEPOSIT Gem
pany, Of Rochester n. Y.
The Asia Banking Corporation, VIE ~, y,
head office at rs Broadway, New Yofk, YlA ". -
just opened an office IN San Franc,ls,sssu. cl,ss.,,, l.
the Robert Dollar Building, 3ol Cslil''''
Street
New-York tribune., 1921-02-22
Cnca-CoIa

The consolidated balance sheet of
the Coca Cola Company, issued yes
terday as of December 81, 1890, shows
some striking changes. On the asset
side property and plants are carried
at $4,250,681, against S2,333,512 the
year before. No cash is shown,
whereas "a year ago the company re-
ported S839,851 in this item. Holdings
of government bonds are also nil, com
pared with $517,794 the year before.
Inventories show an increase from
s1,175,963 to $4,295, 900 An item "other
book and miscellaneous assets" is car
ried at s4,295,9o0, compared with moth
ing at the end of 1919. The company
places value of $24,960,222 on it's
formulae, trademarks and good will.
On the liabilities side notes and ac-
counts payable are given at SO 1890 ,241,
compared with S1,323,372 at the end
of 1919
New-York tribune., 1921-02-22
Reorganize Rubber COMPANY

Plans for the reorganization of the
Portage Rubber Company have been
about completed, advices from Akron
state, and involve the formation of
permanent stockholders committee to
attend 30 the details in connection with
The readjustment will in
volve the raising of not more than
81 100000 in new money.
New-York tribune., 1921-02-22
aris Market Weak

PARIS, Feb. 81. Prices were very
weak on the Bourse to-day. Three per
cent re 1tes, 5S francs 10 centimes. Ex-
change on London. 50 francs 90 CEN
times. Five per cent loan, SO francs
80 centimes. The dollar was quoted at
1S francs 941h centimes
New-York tribune., 1921-02-22
London Metal Market

LONDON, Feb. 21.-standard copper,
spot, s72 rs Sd; futures, $40 12s Cd,
Electrolytic, spot, s75; futures, SIT.
Tin, spot, s17o 2s Cd; futures, s17s
12s Sd. Lead, spot, s19 5s; futures. 500
6s. Zinc, spot, s25 los; futures, s2s s..
New-York tribune., 1921-02-22
Alaska Gold Mines Deficit

The quarterly report of the Alaska
Gold Mines, issued yesterday, showed q
deficit after expenses of S44,S66
against deficit of ss1, 900 in the pre-
ceding quarter and $s4.5T2 in the cor
responding quarter of 1919. The total
deficit for the year was S125,s25
against $275,12S in 1913.
New-York tribune., 1921-02-22
London Money Market

LONDON, Feb. 21.-Bar silver. SD
per ounce; bar gold, 1865. Money, 51s
per cent. Discount rates-Short bills,
Z per cent; three months bills, 6840s
1916 per cent. Gold premium at Lis
bon, 140.
New-York tribune., 1921-02-22
Bankers Go South

Many Of Wall Streets banking
leaders have taken the lull in the mar
kets to get away South for breath
ing spell. Charles H. Sabin, of the
Guaranty Trust Company, is one of
the latest to join the banker colony
in the South.
New-York tribune., 1921-02-22
Dividends
Extra

Middle States Oil Co.-An extra dividend
OF l per cent Tor the quarter has been de
e!ared IN addition TO the regular monthly
dividend Of per cent for the months ~
January, February and March, all nav
March 10. ~oi
Regular Declarations
Stockholders Of
j. I. Case 'O - ''' i'eooro
Thr. Mch.
Co. pf..,1aeo q Apr. Mar. Is
New-York tribune., 1921-02-22
Yester- Year

Bank Clearings-Bank clearings at
New York yesterday were. Exchanges,
s4o7, ,899,825; balances, s77,4s3,63o.
Silver-London, 33d; New York,
domestic bar, 991hc; foreign, 57Ac;
Mexican dollars, 43%c.
New-York tribune., 1921-02-22
Market i'm Other Cities

Call money opened at per cent and
dropped to at midday, closing at
that level. Renewals were made at 7
New-York tribune., 1921-02-22
Bid and Asked

Following are the closing bid and
asked quotations of stocks listed on the
Stock Exchange in which there were no
transactions yesterdaY:
New-York tribune., 1921-02-22
limited States Rubber

An old argument for buying United
States Rubber stock was dragged forth
yesterday when the report went the
rounds of the Street that the storm
had increased the demand for galo9hes
and arctics ali over the East and this
meant increased business for the com
pany. The argument, however, did not
seem to be potent as an influence for
higher prices for the stock, which
languishcd and closed fractionally
lower,
New-York tribune., 1921-02-22
In w all Street
The Market Surprises Folks

The stock market turned out TO be
much ore of an interesting affair than
most folks had expected Between the
storm and the holiday the general ex-
pectation was dull, listless affair.
But the suspension of stock exchange
house and the developments in con
nection with Atlantic, Gulf e. West
Indies served to stir things up. At
tendance in the Street was much less
than normal, both because of the bliz-
Yard and because of the fact that many
Of the regulars left town at the end
of the last week and will not return
until tomorrow Wire trouble was
encountered by some of the big com
mission houses with lines to the West
and South but, all things considered,
the out-of town business was handled
with minimum Of difficulty.
New-York tribune., 1921-02-22
Monthly Earnings
Changes from corresponding month l'i''
81 InnIrSnn Ern nriarn SYatem

NCnanRes from corresponding hiVh'H
st. LouIs-San Francisco System -,
December gross ts.718.253 Inc si'2isssni,
Dencit after tax. 5ss.s7t Inc ILsasil
Net oper. deficit. a22324 Inc. i'sss...ii;
Twelve mos gross, 81, 57S953 Inc ls'sss,,;;u AZ
Balance after tax. 7 as2 0so Dec. 'ssssii;i
Net oper. income. -5.725,5s3 Dec Si'i'"
Missouri. Kansas e. Texas System
December gross s6.5t4 asa Inc. ai.ss,.', i.s,',
balance after tax. 939oI5 Inc Inc iisiW
Twelve mos gross. II. 4s5197 Inc N's sssssH
Balance after tax S.t59 55@ Inc ;s;W
Net oper. income. 1.171.2s9 Dec.
St. Iouis Southwestern system
December gross S2.s75sto Inc ssalsssii
Balance after tax. 500 42i Inc iisss1
Net oper. income. 61l.942 Inc. .ssy "a
Twelve mos gross. 30, 579.09s Inc. ssasss,s
Balance after tax. 4.4s4.95 Inc. sfs5sas9
Net oper income. 5,09s $50 Inc s''-
Kansas Southern system
December gross. s2.o47,755 Inc. s,,sssaij
Balance after tax. 451, 2s7 Inc -tsu
Net oper. income. 374,SS5 Inc. ~. 9ss
Twelve mos gross.22, 0i4. 24e Inc. asss s5s
Balance after tax. 3.425.224 Inc hgoe ss5
Net optr. income. 9. .76s,30G Inc
New-York tribune., 1921-02-22

Select Employment Agencies use The
Tribune to reach wide awake EMPLOYEES
and successfuT business Commemorative.
New-York tribune., 1921-02-22
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings

Copyright. 2l,sNew York Tribune Inc.)
New-York tribune., 1921-02-22
Regular Declarations
Stocks Elk Dividend

1 Mar. Is
New-York tribune., 1921-02-22
THE AMERICAS

Canadian Exchange--New York funds In
Montreal, IA 7-1s per cent premium, Mont
real funds In New York. 12n per cent dis
count
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1921-11-19
THE MARKETS
Grain, Provisions, Etc.

FLOUR-In 140-lb. jute, Z. o. B., in car
lots: Hard spring wheat, Short patent.
s6.S0Q6.9o; special min brands, in sS-lb cot
ton sacks, S15Q7-20; warehouse delivery.
$S.25QS.30. Soft winter wheat-Short pat
ents, s6.2GG6.30. Hard winter wheat-Short
patent. s605G6.15. Rye f1our-White pat
ent, A.S5G4.95; dark, Se75G3.Oo.
HAY-No. 1 timothy, S21-o1G2S.Oo; No 1
light clover mixed, s20.ood21.Oo; No tim
orhy, $19.00q21.0O; No. 1 clover mixed and
No. 1 mixed, s1S00Q190c, No. timothy
and No. light clover mixed, $14. 00Q11O0.
BUTTER-Creamery, extra, % score
441sc; higher scoring commands a premi-
UNI; firsts, 81 score, 4S1ac; S. score, $40
4Oc; seconds, $3.50 score, 33Q35c; central
lied, 3S12c; ladies' 31G3111c; packing stock.
23Q24c.. Prices to retail trade: Tubs, 471kc;
prints, 1910.
EGGS = Fresh f1rsts, 59G55c: ordinary
frsts, 43q47c; miscellaneous lots, 5OG52c
extra, packed in wildwood cases, city
candled, 6OQ61c; checks. 2sQ2Sc; dirties,
2S6SOc.
LIVE POULTRY-Turkeys. CSC: fowls,
211ac springs, 1Sc; roosters, 15c; ducks, Sc;
geese, 22c.
DRESSED POULTRY = Turkeys. &c:
fowls, 25Q26c; boosters, Ice; spring chick
ems 22q2Sc; ducks, 3GQS2c; geese. 26c.
POTATOES-Per 100 lbs sacked north
ern round white, s17592.O5.
ONIONS-S5 .O0G5.75 per 1O0-lb. sack
CATTLE-Prime steers, 50. S0d11. 90; good
to choice heavy steers, SS.0OG9.75; fair to
godo steers, s6.0OQS.OO; yearlings, fair to
choice, $S.50G12O0; feeding steers, 5000
$50; heifers, s5.OoGS.75; fair to good cows,
100000; good to choice cows, s5.OOQ6 90:
Gamers, 81. E5Q2. 80; cutters, 81 1903 90; bo-
logna bulls. $3.OO@35O; heavy calves, 5000
500; good to choice calves, s.. 100000
/ HOGS-Choice light butchers, $500. O6.
medium weight butchers S.5507O5: heavy
butchers, 275-325 lbs, s6.25Q69O; fair to
fancy light, $6.60Q125; heavy packing,
s6.15@6.50; rough packing, s5.75G6f5; pigs,
s6.OOGSOO.
SHEEP-Good to choice lambs, 5000
$40; feeding lambs, s6.OOGS.40; Gull lambs
s4. 0o@650; ytarlings, $5.OOd710: wethers.
SS.50Q5.5O; ewes, $2OOQ4. so.