davidaulloa/AmericanStories huggingface dataset:
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-09-04

'" H'e 1%
,. acre au'rps9 no ~bispsfs4
~. mofemsnts a. ne crossed Nc ascf
80. sstt 'n.. tso-s rmrh stu
,n,nhs doorway. re drew . he re-
snssr ena h,s senns ~ press>d
W ps.'eh. me sms< sp'intsrad tbs
'~ e'n.ese on me asaFe
~ ~ns 'rnt ssf Ne epsn
s,,s,.~
ahfow your nAndr upl" Garth s1tt.
a,,,a- ~ a@s 's.s s'snns sr'and
n.tins me- hands . exposing tns
ano eet"ortsd fooe "a the butler.
naItn stsppeo forward eEsresEfsv.
- eohsr4enec trenpisd MIN not a AL
rsnt yoe Inr ths murder of frsc~
= y f'ef'ht -.nes IN the next rocm'
a, hsa notn'nr - 90 ~1<h
s~ea
.nousht 20 ne safd NO cues
uon spout f"n' my man. xeu WOW tn
iuenu "ners fFsfmf's BODY iny.
90. " at the wedding didn't your
uswns' sre you .Aikins stostY had
"s Y 90 WIN
mat 70 tne lunts wn9h f<nc !
49, - en-u ne SID
10 ma tel you hAd nothing 60
WIN " ~ was Mrs. Randall Ne
1880 her snr sns shirt hinA-
4on neefa thnt, Norhi'
-S.a cams 70 ths door.
fes'
rIhen'- Garth said I am sbsuf
rpn, VIII 'ne nee.
YOU nappsn . be heref know ysu
w.. ms",,ns WIN the rest"
- S,Is' ranosh got me on ne
~ rse acctor hAu bean
~ 70 .owh aha she vss nesr-
h.Vr to come nome. ~
'nss" ~ me nsok way 4 hs~fd hs
Nlteam ran up snd through tlas
M vol .s me door lust " tim,
~ neE shoct MN bet snen !
..a" ""a .,,sa 20 iht ner No shs
scf'"'heo. eouidnt do anything atth
nss y got frishtsnsd When !
- e snn tusseso y
p',s'r" VINO mao heard ner
~ = ran OUT the scFysntf q
trance a went back TO the xeddlns
aug came nome with me rest"
y knowlns the truth, you'd have
". ". f.annail 30 TO trial.
worried Tor her. cir. had been
wa hsF family ever since b vas
eoth' besines " ne didnt want 20 rvs
WAY wat business was y %
% re sent Tor me To-Day and when
"m = ..ae seen her shoc MN.
49,. "e P'of"ise 70 Keep my mohts
-
h"pW ne sent Tor YOU Garth fatd.
49, why = bepsa 10 nnd ycu hera
'"'u VIC ooetor, q lev letters and
s'"'Ne'H' I've SAID a get thsm s.
.oun ~ me aeteetires had lett ana ths
nouss was clear. But l a say, cir,
.ne'e was never anything really out o.
~ Ny. She wasn't quite happy with
we uor.or. " would be a hndness 10
'ne ueau-
-srtn smneu, turning % Nors.
sou wouiunt give me away. would
suu an r4snt, Thompson. DO What
IN sue 70 90
"u'aproh shot MN a sratefu' glance
e".a 20 nus ooiiseratins TASK 81
- 'n on the hrht.
Nora asked, how eid
- mat man mad peen a VIII
a fuees
s""p'c enough ne aid.
,hras. ,"on 2 shor', slender. snsesy
,ar.s ~, poeAse WIN a shame
49,. ~ na"~e" y 70 Nora-
NV" more ABOUT such things
!" ma. maoea broken
r. -. ~ wnose lot better
\ nnu y me the rose ~
49, .,.r " peeauss,
,isn, .saan gun"er ne ouher
bourh, s.ana Al
snIS ~, n.y ~putson-hoie.
mr.. sana... y vas a eoei
49, $780, = ~ s'uht Wiz one or
NN AhAAu way 4 HnUW InAf tMu
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-09-04

fou might have kept Thompson at
least. Let Il ring. l shant go down"
a doctori" sho said scornfuny.
she arose with an effort. The lace
Of b mauys dressing gown z
Hted the difficulty Of her breathing. His
glance. which took all this In. was not
wholly without oontrition.
Answer ~ she said. II shan't ~
from the house TO n mans arms
while you are In the library"
Chs stood for a time by the door
listening. once or twice she placed her
hand above her heart. Her face set Ia
the cruel distortion that precedss tears,
but at the SOUND Of her husbands re-
turning footsteps II resumed a som
blance OF control. No tears fell.
Weir" she asked.
His face was hasgard. confesslng
greater suspense thai before.
TIM hanson's butler he said. T.
lin afraid the old lsdy's N this time.
Reddins had old him 10 act me. Thcy
sent tho chauffeur some time ago with
a fast osr. Mar sal he ought to be-
here"
He paused, searching her face In an
agony of indeolslon.
Bella" he went on, Wont you tell
meY Won't you promisef That Nd
woman-for years shes depended on
me. could do more for her than Red
ding | might help her-a little"
h shrugged her shoulders.
Go to your work. I've no
ment with Freddy. 1 don't expect him
here. u he came ! shouldn't let him
la, Your homo IA safe enough In my
hands for tonight. Does mat Eausfy
you
! uuHt YOU belta. I'm sorry
hls eyes begged but she offered moth
ing more, 40 he went out closing the
door softly behind him.
Almost Immediately be heard the
sound 81 a motor. He couldn't md his
nat The front door bell ran and
anatchihg an ancient can from the
table. ne opened the door. No one
stood IN the veranda. but the glare 81
powerful headlights blinded
MIN.
You're Mrs, hanson's chauffeur he
called.
An indisiinct voice cam back affirm
htiNely. Randall caught the word
hurry Therefore he ran down the
steps, ana his eyes stu blinded BY the
glare. stepped into a large runabout
n settled himself BY the driver
They swung away 81 a ~oreakneck
speed when before loiis swept ftan-
daiia zap from his head snd forced him
10 chng WIN 10Th hands to the side
'i we car
MAN ~ shouted rms 10 IAN
s~"rpus' ih"'H no point IN sven
"as
me cur hNetNeu us speed was ah
~ "N'' T"HN'"u' WIN q elaeVheertlhh
The New York herald., 1921-08-07
GENERAL RAIL RATE
REDUCTION OPPOSED
Expert Shows Former Dis.
parity With Other Lines.

Pointing out that compared with 1916
the average increase in both freight and
passenger rates has been less than 65
per cent. while the cost Of railway
labor. allowing for the recent wage cut
is still l23 per cent more. and materials
and coal show respective increases of
65 per cent. and la per cent, the Rail
UoJ Age in its current issue opposes
editorially the agitation for a general
reduction in transportation rates. The
editorial says In part:
None of the arguments setting forth
why rates should be reduced makes any
reference to the fact that while rates
are now high compared with the gem
eral level of prices. for some years rail-
way rates did not increase while the
general level Of prices was advancing.
and that producers and shippers profited
meantime by the fact that prices were
advancing while railway rates were not
The average freight rate was the
same in 1917 as in 1913. Meantime the
average wholesale prices OF commodi-
ties had advanced rs per cent. In 1920
the average rate was 46 per cent. higher
than in 1913. while the average whole
sale prices were 143 per cent higher.
As recently as January. 1921. average
prices were II per cent. higher than in
1913. Only since that month have
freight rates been relatively lower as
compared with 1913 than wholesale
prices.
Undoubtedly the rates should be re-
duced. but not until operating expenses
have been reduced and the railways can
make a reasonable return on lower
rates"
The New York herald., 1921-08-07
FINANCIAL NEWS
AND COMMENT
Prices of Stocks Are Irregular,
Chief Interest Centring
in Bond Trading.

! Little was accomplished in Yesterdays
short session in the New York Stock
Exchange, the list presenting a highly
irregular appearance at the closing, with
most Of the active issues combining their
net changes either way to fractions 1t
was an ordinary mid-August week end
market, with more or less heavy tone
in such stocks as rails. coppers steels
and sugar issues.
Disappointing conditions prevail in the
copper metal market. American Sugar,
American Beet Sugar and others in that
department reflected the effects Of the
passing OF the Manati Sugar dividend
Profit taking occurred in the rail- issues.
Chemical shares were weak Taking the
market as whole traders saw little
significance in the price movements. al
though disappointment was expressed
because no rally took place before the
closing
In the Wall Street nnarts interest CEN
tired in the trading in bonds. although
even there business was only fairly ac-
tive. Liberty 3las gained 20 cents to
Ss.40 and traction issues were strong,
Interborough Rapid Transit rs. dealt in
on the Curb Exchange, rising u OF
point to s035. responding no doubt to
the Transit Commissions order permit
ting the company to extend maturing
notes for one year at higher rate of
interest.
So far as favorable or unfavorabie
factors are concerned there might as
we'll have been no news developments.
no attention being paid to the prospect
OF no tax revampins this year. On the
other hand. the constructive features of
the trade reviews and the survey by
the Federal Reserve Board were ignored
by the professionals. who dominated
transactions.
Sterling exchange gained more than
a cent and most other European ex-
changes were firm. suggesting that for
the moment no immedia.c shifting Of
funds in connection with reparations
payments was in sight, although much
must be done before the last day OF
this month. Cotton was active and
firm and grain was quic;.
The spread between loans and aggre-
gate demand and time deposits widened
to the extent of $135, 100000, as dis
closed by the clearing house bank state
nent. This change in itself was suffi-
cient to account for the strengthening
Of call loan quotations during the latter
half of the week. On top of that the
extent OF Withdrawals Of out of town
funds from the speculative narts was
measured by the decline of Ss6,e66,0o0
in net demand deposits and the decline
Of s2,7ssooo in time deposits
For the first time in many weeks the
loan item expanded, the rise being s45,-
322 900 The restoration OF a surplus
reserve as against the deficit a week
ago was accomplished through extensive
rediscounting with the Federal Reserve
B4nk. The gain IN excess reserve was
s33.l0l,4Io. about half accounted for by
the drop in the amount OF reserve re-
auired owing 10 the shrinkage Of de-
posits.
United States deposits at the close OF
the week were sI5737s 900, and heavy
Withdrawals this week would cause no
surprise.
The New York herald., 1921-08-07
WILL CURTAIL MINING
FOR TEST OF NEW LAW
Glen Alden Co. Doubts Con-
stitutionality of Act.

Mining operations of the Glen Alden
Coal Company. which now owns and
operates the anthracite properties OF the
Delaware. Lackawanna and Western
Railroad will be curtailed 90 per cent.
at the end of August pending the testing
OF the constitutionality OF the recent law
passed by the Pennsylvania Legislature
making it unlawful for any mining COM
pany TO carry on operations that may
cause the cavein or collapse of any
dwelling. pubic building or other struc-
lures. and requiring companies to lie
with municipal administrations their
plans for development, showing the loca-
ton Of each intended shaft, &c.
At the Offices of the Lackawanna Rail-
road II was said that the court action
NAV require several months All the
larger anthracite companies operating in
Pennsylvania have agreed 10 test the
law.
The coal operators take the position
that no regulatory body. such as the
Pennsylvania State Anthracite Mine
Cave Commission, provided for by the
new law. could go further toward the
elimination OF danger 10 human life from
caveins and subsidences than the pre-
cautions that the companies themselves
have taken for several years.
The law further requires that every
company shall pay to the commission
2 per cent. of the market price OF the
anthracite coal mined. the funds to be
used by the commission for defraying
It's own expenses and awarding dana ges
to claimants whose claims II shall deem
justifiable. Coal men doubt whether this
provision would increase the amounts
now paid by the companies for repairs
and damages TO urOperty
The New York herald., 1921-08-07
Brokerage Opinion.

I'VE can add but little to our opinion
expressed repeatedly through the week,
that the business adjustment has not
yet been completed, and that lower prices
are likely in the industrial group of
stocks. William w. Cohan & Co. I'VE
see no sign of any acute weakness in the
rails and there is nothing to change
our view that many of them can be
bought on recessions for much higher
prices later on."-A. j. Johnson & Co.
The satisfactory, although slow. prog
ress in a number of important do
mestic and foreign developments fore
shadows. in our opinion. q revival
of business activity before long. pos
sibly in the fall. and will doubtless
find expression in quotations of meri-
torious securities. Morris g. Smith.
THE industrial list Is full of air pockets.
which are being disclosed from day to
day. and even those stocks in which the
short interest is said to be large do not
stand up. While the rails ultimately will
work higher, we favor taking any profits
available at the moment."-Prince &
Whitley. The only logical slogan now
seems to be Buy the market on all
weak spots"-Carpenter. Caffey & Co.
1T can only be short time before re-
newed activity OF industry will be re-
Elected In an increased yield on the part
of stocks and a corresponding demand
for Henry Clews & Co
The New York herald., 1921-08-07
CONSOLIDATED EXCHANGE.

Price changes were mainly to lower
levels last week on the Consolidated
Stock Exchange, with marines and
equipments moving against the general
trend and netting fair advances. The
active specialties, rails and coppers,
scored average losses OF from / to
points. while steel issues finished about
unchanged Gains Of points were
made IN American Locomotive to S5A.
in Railway Steel Springs to 77%,
Ia in Atlantic Gulf to 23is. ~ in Car
& Foundry TO 124a and declines OF 90
in United Drug 70 53%. in Fisk Tire
to GA. 3h in Kelly Springfield TO 4oh
and 2il in Invincibie Oil to s.
Texas e. Pacific finished "a lower az
23L, Southern Pacific rs at 71ls, st.
Paul at 26ss, New York Central at
7oL, Northern Pacific la4 at 76k. Ana
conda Copper Ia at S5N, Cerro de
Pasco III at 25. and American Smeit-
ing / "a at 35ss.
Marine preferred was advanced ~
TO ASH. General Motors TO 10&. Stude-
baker to rs, Pressed Steel Car is TO
5ea and Famous Players ia to 49h.
Agricultural Chemical moved down Y
10 s3M, General Asphalt ~ to 51A
Industrial Alcohol Ia to 4s%, Ameri-
can Sugar III to 667s, Houston OH
4k 10 52is and Texas Coal q OIL IA TO
1871
The New York herald., 1921-08-07
July Bond transactions.

Trading in bonds in the New York
Stock Exchange in July amounted to
s252,7i7 900. compared with $309 S73. 900
in June and S230.476.0oo in July, 1920
According to compilation by Dow,
Jones Co. daily average sales were:
Miscellaneous. S4.563.95s; Liberty is
sues. s5.965.917; all bonds. sl0,529.s75;
all bonds July. 1920. ss,219,040. Liberty
issues aggregated $14S.1S2,00 in July,
1921. against s217.741 900 the previous
month and s16s. $4,000 in July last
year. Chief transactions We're: Victory
ANS, S46,l29. 600; fourth ANS, $2S,792.-
600; Victory 3&s, s22,965.0Oo; second
4As, $17,972.0o0; third ANS. S14,S43.-
900 and first S1as, s9,495.o00. Foreign
trading in French, Belgian. British and
Canadian loans totaled Sl7,314,000,
against SIS, ,722, 600 in June and s1o.90e.-
900 in July, 1920. Most active issues
were: British 5ias of 1922, S5,2S1,0 900;
French 7l4s. s2.761, 600; and the three
Belgian issues. s3.254,00o. Other Euro
pean loans. Swiss. Swedish. Norwegian,
Italian. Danish and various municipali-
ties, amounted TO s4,912,000 against
S4,272 900 in June. Municipals were ac-
tive, with sales of s2.61o,0oo.
The New York herald., 1921-08-07
STOCK EXCHANGE NEWS.

Memberships Transferred-Charles NJ
Morse to Morgan G Morgan, at Auer-
bach, Pollak & Richardson. so Broad
way: Percy X. Hudson TO Charles Maury
Jones, at DeCoppet & Doremus, AZ
Broadway.
Change OF Firm--Smith & Lewis,
Charles NJ. Morse. retired.
New Addresses-Chapm Carrnan &
Co. 100 Broadway: Charles F. Hender-
son. at Chapman, Carman & Co, 100
Broadway; John c. Tappin, at Stokes,
Hodges & Co. 66 Broadway; John L.
Tuthill, at Chapman. Carman & Co. 100
Broadway.
Branch Offices-Miller & Co. (new).
New York (Hotel York. Seventh avenue
and Thirty-sixth street,, Benjamin Well,
manager: B. H. & F. w. Pelzer (new),
East Hampton, L. l.. c. NJ. Hall, man
ager: Putnam & Co (new). New Britain,
Conn. Stanley R Eddy. manager; Salo-
mon Bros. & Hutzler (new), Chicago.
Abraham Eller. manager; Smith. An
drews G. Marston (new), Washington,
Herbert H. Brown. manager; Tobey &c
Kirk (new). Chicago, John E. Hon
stratter, manager.
The New York herald., 1921-08-07
TOPICS OF WALL STREET.
Bank Statement Features.

Two distinct primary influences af-
fected the position of the Clearing House
banks. one the extension OF loans TO GUS
toners to enable them to purchase the
United States Treasury certificates OF
Indebtedness allotted during the week !.
the other the movement of funds away
from New York. The former accounted
for the expansion in loans OF
more than S45.000.000. The latter re-
suited In drop in net demand deposits
of SS6.966. 900 and in time deposits OF
S3,78S,000 The outflow of funds had
one redeeming feature. as 1t lessened the
amount of reserve required. and through
liberal use OF the rediscounting privilege
at the Federal Reserve Bank the Clear
ing House banks were enabled to re-
port rise of S33. .410 from the deficit
of s13.321. 900 reported a week ago. 1t
is expected that calls for the return of
Government deposits. which now amount
to S157.37S,000. will be relatively heavy
this week.
The New York herald., 1921-08-07
FINANCIAL NOTES.

The New York Trust COMPANY has
been appointed trustee under a mortgage
of the Atlantic, Gulf and West Indies
steamship lines. dated May /. 1921. given
to secure an issue OF $500 900 per value
preferred mortgage per cent sinking
fund marine equipment gold bonds. due
May !, 1921. The company has also been
named as trustee under mortgage of the
General Mines Corporation of Bolivia,
dated July 1, 1921. given to secure an
issue of s1.50o.o 900 par value per cent.
collateral trust gold bonds. due January
1, 1884.
After having had its executive ofices
at 23 Broad street for the last twenty
seven years, the Continental Bank of
New York announces its removal to
the Broad Exchange Building, o5 Broad
street.
Miller & Co.. members of New York
Stock Exchange. announce the opening
Of a branch Office in the Hotel York,
Seventh avenue and Thirty-sixth street.
The New York herald., 1921-08-07
Kansas City Southern.

Although the Kansas City southern's
net operating income OF $310,690 fell
about SS6,000 short of the May net. the
result compared with s23O.16s for June,
1920 Operating result for the first half
OF the current year showed q surplus
equal 10 about 3.6 per cent. annually on
the common stock, after allowing for the
regular per cent preferred dividend.
In common with most roads. the Kan
sas City Southern will probably return
to a normal programme OF maintenance
in the latter half of the year. in contrast
to the policy of cutting upkeep to the
bare bone followed in recent months. By
reason of tho wage decrease and the
expected upturn IN business, however.
officials take an encouraging view OF the
Anal results for 1921 Estimates for
July fail to indicate Improvement, but
more tonnage is looked for this or next
month.
The New York herald., 1921-08-07
sterling Advances.

European currencies as expressed in
terms OF the dollar got breathing spell
Yesterday and the day before in tenn
porary freedom from the effects of Ger
man payments made in dollars on ac-
count OF reparations. On g. rather small
amount Of business sterling continued
it's advance by rising more than cent
and almost all other European ex-
changes were firm, with slight adj
vance. just what foreign exchange
faces is rather obscure to the experts
themselves as none knows in advance
what day Germany will elect to cable
to its representatives here to make pay
ments to the Federal Reserve Bank for
the credit OF the Bank OF England. Sell
dom have prognosticators been so far at
sea as at present
The New York herald., 1921-08-07
THRIFT BOND CORP.
TAKEN OVER BY STATE
Has Offices in ~ Cities and
Millions in Assets.

Officers and directors of the National
Thrift Bond Corporation, IS West Forty
third street, asked the State Superin-
tendent Of Banking 70 take charge Of
the concerns affairs yesterday. and this
was done. The corporation has Offices
in twelve cities east of Denver and has
assets estimated at several millions or
dollars. 1t Is believed that the expense
Of operating 70 large an organization
was responsible for the present situa-
uon.
The corporation was formed In 1917
and took up Notation OF public issues Of
payment adopted during the Liberty
Loan campaigns Upon the maturity OF
national. state and city bonds which
arc held In trust by the Equitable Trust
Company the thrift bonds can be met at
N
The New York herald., 1921-08-07
ALLIED PACKERS, EXTENSION

The reorganization committee OF Allied
Packers, Inc. has mailed to holders Of
undeposited twenty year convertible
sinking fund s per cent. debentures a
circular announcing extension of time
for deposits until the close OF business
September Is. To date S9.o00.00 Of a
total Of s16,oO0,0o0 Of the debentures
have been deposited.
The plan. under which deposi.ing de-
benture holders viii receive so per cent.
in new mortgage bonds and so per cent.
in prior preference stock. will be absn-
doned if enough additional deposits are
not made within the period to justify
its execution
The New York herald., 1921-08-07
FORD CAR CHANGE rs DENIED
ventilating Windshield and One-
Man Top Not Planned.

An official statement issued yesterday
by the Ford Motor Company said
Our attention has been called to re-
cent newspaper articles to the effect that
there Is to be a new model Ford car on
the market August Is with a Change in
design TO a ventilating windshield and
a one man top. As we do not contein-
plate any such changes and there is no
foundation for the rumors circulated in
this connection, we have no hesitaacy
in making a denial OF the report"
The New York herald., 1921-08-07
Burlington 9 1-2s.

More than half of the Northern Pa
cific-Great Northern joint Burlington
collateral 61a per cent. bonds have been
converted into Great Northern rs and
Northern Pacific IS. OF s230,000.00o
bonds issued. s111.721.600 were con-
yerted into Great Northern rs and S9,-
1877, 200 into Northern Pacific 6s, total
OF 500. The issue provided that
the joint 61as could be converted into
either of the other issues up to S115,-
0O0, 900 for each bond OF the Sl0s.-
ll1,2 joint 61as still unconverted, s3.-
27s,400 can be converted into the Great
Northern issue and S1o5.s32,s0o into the
Northern Pacific bonds. Virtually all
conversions that have been made into
the Northern Pacific SIS have come from
savings banks. for which that issue Is
a legal investment.
The New York herald., 1921-08-07
Gold Imports.

The French Line steamer La Savoie.
due here tomorrow. is carrying a ship
ment of gold bars valued at S2,700.80O
consigned TO the Equitable Trust Com
pany. The Cameronia. due also to-nior-
row, is bringing to the same banking
house from Liverpool $S25,oo0 in gold
bars. 1t was announced officially. in
London that during the week ended Au-
gust gold to the amount of f391.4ol
was exported to America.
The New York herald., 1921-08-07
Transcontfneutnl OIL.

The Transcontinental Oil Company for
the quarter ended March 81 reports
gross income from all sources OF S3,s05.-
$50 and operating expenses. &C., Of
s4,0S6,s96, resulting in a deficit of $751;
SIG before deductions OF S405.97o for
administrative and selling expenses, and
previous to allowing for depreciation. de-
pletion, cost of dry and abandoned wells
and cancelled and forfeited leases.
The New York herald., 1921-08-07
Good Report Helps Alec.

Activity in American Locomotive was
ascribed TO reports in Wall street that
the company in the first six months Of
the current year showed g. profit equal
to twice the dividend requirements for
1921. The report for the June quarter
and the first half of the year will be
made public this week. 1t is believed
that the showing will reflect fair for
eign business. with domestic business
helped by railroad orders for the repair
of equipment that the roads have chosen
to farm out in place of making repairs
In their own shops.
The New York herald., 1921-08-07
NEW READING COMPTROLLER.

The appointment OF Albert B. Bierck
as comptroller of the Philadelphia and
Reading Railway Company has been an
nounced by Andrew #. Dice. president
of the company. Mr.. Bierck has chosen
George III. Parker for general auditor
Of the road and w. X. Bean for assis-
tant auditor OF disbursements. Mr..
Bierck will retain his titles OF vice.
president Of the Reading company and
assistant secretary OF the Philadelphia
and Reading Railway Company.