davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1921-04-23
EXCHANGE FOR HIGHER YIELD.

EXCHANGE FOR HIGHER YIELD.
A. e. Al own $4,000 LiEsett 4
Myers Tobacco gold So, due 1851, for
which l paid 9s, and now quoted at
IS. Would II be advisable to sell
and invest the proceeds In French
Cities (Bordeaux, Lyons, MarxeillesD
g. Mt 75f Do you consider the latter
good bonds?
Answer-we do not believe there IL
any doubt as to the integrity of
French Cities bonds. These bonds are
due In 1884 and are payable in United
they yield approximately 8 per cent.
yield from other European loans.
LigSett 4 Myers gold IS are strictly
Of American nativity and are . high
grade bond, yielding at current price
about 81 per cent They are not a
mortgage. but quite as good as one,
as the company has created a trust
indenture which imposes q charge IN
favor of the trustee upon all its prop
erty and present and future net in
come for the benefit, first, of the s14,
535, 100 gold Is, and, second, of the
&15.O59.6o0 gold IS.
For all practical purposes this 10 as
good rs q lien. BY making the ex-
change you will get a 1< per cent
better yield. but not. quite as high
grade security. Is the increased yield
worth while?
We must ask you to decide this
question for yourself.
The Washington times., 1921-04-23
UNIONS TO NAME
LABOR BOARD MEN
Railroad Workers Authorized to
Nominate Candidates, !.
c. c. Announces,

Nominations for labor representa-.
tives on the Railroad Labor Board
will be received in the future from
four groups of railroad labor Or
ganisations, the Interstate Com.
merce Commission announced today
The railroad labor organizations
authorized to make nominate ,hs follow
Group 1-Brotherhood of Locomo-
tive Engineers. Brotherhood of Lo-
connective Firemen and Enginemen
Order Of Railway Conductors, Brother
hood of Railroad Trainmen, Switch
mems Union OF North America
Group 2-International Association
of Machinists, International Brother
Builder and Helpers of America. In
ternationaI Brotherhood Of Black
smiths Drop Forgers and Helpers
Amalgamated Sheet Metal Workers
International Alliance. Brotherhood
Railway Carmen OF America, Inter
national Brotherhood Of Electrical
Workers.
Group s--ordsr Of Railroad Tele-
graphers. United Brotherhood OF
Maintenance of Way Employees and
Railroad Shop Laborers, Brotherhood
of Railway Signalmen of America,
Brotherhood of Railway and Steam
ship Clerks. Freight Handlers, Eek
press and Station Employees; Inter
national Brotherhood of Stationary
Firemen and oilers.
Group Railway Mems Interna-
tional Benevolent Industrial Assoc
citation, American Federation Of Rail.
road Workers. Order Of Railroad sta
tion Agents, American Train Dis
patchers' Association, the Roadmas-
ters and Supervisors' Association OF
America National Order of Railroad
Claim Men, Railroad Yardmasters OF
America, International Association OF
Railroad Supervisors of Mechanics
International Associations Of Rail-
road Storekeepers. Colored Associa-
ton of Railway Employees. Brother
hood of Railroad station Employees,
Order OF Railroad Telegraphera. Dis
patchers' Agents and Signalmen;
Brotherhood OF Railway Clerks
American Association Of Engineers,
Grand United Order OF Locomotive
Firemen OF America, Porters' Union,
Skilled and Unskilled Laborers, Or
der Of Railway Expressmen, Railway
Travelling Auditors Association of
America, Order Of Sleeping Car Con-
ductors.
The Washington times., 1921-04-23
FOOD PRODUCTS OUTLOOK
BRIGHTER.

The outlook for the United states
Food Products Company IL brighter
than II has been for some little time.
President George @. Palmer stated
yesterday. "I am entirely satisfied
with existing conditions and pro-
Hress." he added.
Since the hrst of the year the COM
pany has bean active In getting ts
organization and plants ready to
meet the enlarged demands for It's
products. In two of its principal
branchea tho alcohol and yeast de
partments, business has already
shown marked improvement. It's
largest alcohol plant, at New Orleans.
which has been idle for several
months, has been reopened.
''The company has no pressing
financial obligations" Mr.. Palmer
concluded. Annual report for 1890
will be distributed In the course Of
ten days.
The Washington times., 1921-04-23
MAssACHUsETrs MINERALS
CORPORATION.

PIT. C-I am offered stock in the
Massachusetts Minerals Corpora
tion.. Do you know anything about
this company? They ask $40 a
share. and am thinking OF buying
fifty shares. Is 1t a safe invest
mentI
Answer-we find that this company
was recently organised under the laws
Of Massachusetts,. and has an author
lied capitalization of 80 O0o shares OF
$40 par value.
1t proposes to engage in the min
ing of mica and claims to own a rich
deposit of plate mica located In the
township Of Athol, Mass.
OF course. money can he made from
mining mica deposits, and IL Is hoped
that this company wiu succeed. but
the enterprise appears to be very
largely prospective and. therefore, Of
fers no safety for money invested IN
the stock.
We cannot attempt to recommend IT,
The Washington times., 1921-04-23
ADVANCING
WASHlNGTONS INTERESTS
Industry Gains Each
Day, Reports Aver

Although trade reports continue irregular, there is
fceabe vein of improvement More stability has developed in
several markets While the eadustmentis still rather far from
completion, the trend is in the right direction. ,
Among the most significant developments the distinct bet
torment in the hide and leather trades and textile div
Sions.
Bad weather affected retail trade somewhat to the last
few days. but improvement shown The jobbng trade
showing steady improvement especially secondary markets.
and mail order trade has progressed slightly Buyers display
ing the caution making purchases however and the
question of price is still leading factor
Bradstreets say: "The timeworn words, irregular
streaky and spotted still quickest to mind describing
the Slow painful progress that trade and industry
making toward better things This week there has been
parent shifting of activities from retail to obbng and industrial
lines for which weather conditions now past
hte
The Washington times., 1921-04-23

promoted until he became cashier and
later vice president and cashier.
OFFICERS ARE CHOSEN.
The vice presidents Of the new bank
will be II. b. Wilcox and John H. b.
Dunn. nowayice presidents OF the Mer-
chants. and o., Harry Barnes. vice
president OF the Bank OF Commerce..
samuel w. Tschudi, of the Mer-
chants National, viii be cashier. and
will have az hts assistants, J.Waltsr
Oster. csshier OF the Bank Of Conn
merce; Magruder Powell and II. w.
Owings, assistant cashiers VI the
same bank, and Charles Ham, John
r. Flynn and ]. c. Wands, Of the Msf-i
chants National
The Washington times., 1921-04-23
Ssss% BUSINESS AND FINANCE ~raa
Baltimore NolU Has
Largest Southern Bank

With the merging of the Merchants National Bank and
National Bank of Commerce, announced today Baltimore
has the largest bank in the South with total of
ooo-operang under the of the Merchants Ma
tonal Bank.
Thomas Hidt vice president of the Bankers Trust
Company of New York. tteght years age has accepted
an offer become executive head OF the new institution and
will take up his duties in the Monumental City shortly
The merger, which in itself is the biggest from financial
standpoint that has been effected in Baltimore takes added
importance from the that Mr. Hdt is be the executive
head Since he left Baltimore in 1914, Mr. Hd has become
notable figure New York banking circles where he regarded
one of the abest the conservative group but his
sm has not unted that activity and initiative which formed the
beginning his success in Baltimore
The Washington times., 1921-04-23
WHITE MOTOR OPERATIONS.

The White Motor Company is
stated to be producing about 100
trucks a week, or at the rate OF about
one-third of capacity. During the
dull months last year the company
was able to continue operations at
close to full capacity, but at the be-
ginning OF this year was obliged to
derstood to be coming in better. how
ever, and II Is expected that working
forces may soon have to be in
creased.
The Washington times., 1921-04-23

His rapid rise in the banking world
has been watched with satisfaction by
his many friends in Baltimore, and
by none with more interest than Eu-
gene Levering, president Of the Ma
tional Bank Of Commerce. whose pro-
tege in sort of q sense he was.
BEGAN As RUNNER
Mr.. Hildt is the son OF the late
George c. Hildt. who during his life
time was auditor of the Western
Maryland Railway Young Mr.. Hildt
began his career as a runner for the
Old Commercial and Farmers Ma
tional Bank. and later went to the
National Bank Of Commerce in the
same capacity. He soon attracted the
attention Of Mr.. lowering, and was
The Washington times., 1921-04-23
sEARs-ROnBUCk LEVEL.

Considerable wonder 10 expressed
at the price level of Sears Roebuck.
While some say that IL anyone gets
business from the farmer II will be
Sears-Roebuck, others who remember
the $50, 900 900 notes to be met in the
next three years are unable to ex-
plain tho strength of the issue. The
stock was rather heavily traded in
yesterday. and some whispers arc
heard that big trader has been
caught.
The Washington times., 1921-04-23
CAR AND FOUNDRY REPORT.

American Car and Foundry Com
pany's annual report for the current
fiscal year. to end April 80. Is ex-
pected to be made public around the
end of May. Net earnings are esti-
mated at about $40 on the common
stock, so that II will be unnecessary
to touch the reserve which it has set
aside for dividends. This reserve IL
sufficient to continue payments for
three years. Even IL the plants
should close down, as rumored. the
company IL very well circumstanced
financially. and with it's new lines OF
business, 1t can pull along for an
indefinite period.
The Washington times., 1921-04-23
STEEL MILLS TO RESUME.

WHEELING. April go; ncials OF
the Wheeling Steel Corporation an
nounced today that their tin plate
mills at Beechbottom and Yorkville,
w. Va, would resume next Monday.
More than 1000 employees are affect
ed at tho two plants. Officials said
they had enough orders on hand to
insure q ten-day run and believe that
the revival OF tho tin plate business
will enable them to continue oper-
ations indefinitely.
The Washington times., 1921-04-23
THOSE GOLD IMPORTS.

While the majority are pleased over
the gold imports, some fear a return
Of imitation once bank reserves have
been piled up to the limit. Unless
proper supervision Is maintained,
they believe. this may result In a
large increase in loans and start an
other period Of imitation, the results
OF which might. they claim. be more
serious than those now being expert
enced.
The Washington times., 1921-04-23
BIG SAW MILL TO RESUME.

OAKLAND, Nd. April 23.-The
large saw mill of the Kendall Lumber
Company, at Crellin, near here. which
employs many men, will resume
operations on Monday, May 2, with
full complement Of men. The mill
had been shut down since last fall
because of market conditions.
The Washington times., 1921-04-23
WOOL INDUSTRY HEALTHY.

BOSTON, April 2s.-The CONNER
cial Bulletin tomorrow will say:
Trading in the wool market this
past weak has continued In a moder-
ate manner. the mills taking more or
less wool from day to day. but In no
large volume. Prices on the whole
showed little change. although the
market 10 erratic. The tariff 10 the
center OF attraction.
The Washington times., 1921-04-23
CAST IRON OUTLOOK BETTER.

At the annual meeting of the
United States Cast Iron Pipe and
Foundry Company, President L. r
Lemoine stated: The outlook Ia
practically the same today as II was
a month ago. In so far as a fore
cast may now properly be venturcd
II would seem probable that the bust
ness of 1921 will prove fairly salts
factory"
The Washington times., 1921-04-23
Keyser Pottery Head Dead.

CUMBERLAND. Nd. April 23.-waI-
ter Lowry, who served in the Union
army in Company @, Thirty-second
Ohio Volunteer Infantry. is dead ut
Keyscr. where he had been in the pot
terry business for thirty years. He Is
survived by his wife, nve sons, and
four daughters.
The Washington times., 1921-04-23
FIRE BRICK PLANT REoPENs

CUMBERLAND. Nd. April 23.-The
f,re brick plant of the Union Mining
Company. Mount Savage. resumed
yesterday after an idleness OF nearly
three months, Nearly 100 men re-
turned to the nre clay department,
which will operate on a fve-day
basis. Depression coupled with a
wage dispute caused . close-down
since last January.
The Washington times., 1921-04-23

what's the remedy Is 1t not to
avoid even "the appearance OF evil"'
The financial powers that-be haven't
always done that, to say the least.
However. look for better things
hereafter.
WE ALL KNOW THIS.
Judge Gary says he didn't find
Chicago as blue as New York.
Financial New York always is either
exurbersnt or ultra-pessimistic. At
present II is in the dumps. Some
how, Cbicagoans strike one as hav-
ing more backbone, more grit, more
confidence in their country. They
give the impression of being closer
to the soil. closer to realities. They
pay less heed to the stock ticker, and
more heed to the crops.
Will some OF Chicago's financial
leaders please pay a visit to New
York and spread a little sunshine7
The Washington times., 1921-04-23
r.. r.. PRESIDENT OPTIMISTIC.

President Markham, of Illinois
Central, states; while no material
change In the railroad situation can
take place until major readjustments
of wages and rates, public relations
toward roads and general business
are made, j believe the future OF good
roads is just as good as 1t ever has
been, IL not better"
The Washington times., 1921-04-23
NEW YORK, April %.
STUDEBAKER JOY-HIDE.

Those who have had the nerve to
ride along with the speed king-or
kings-who are moving Studebaker.
have enjoyed enough thrills to last
them long. long time. 1t was not
for want Of knowledge that everyone
In the street was not In on the move,
for the tip was spread broadcast on
Thursday.
However. many were doubtful and
others were short, and the latter
made the manipulation q success.
The rumor that two prominent men
are reputed to be DESTROYS Of securing
control 10 scoffed at In some circles.
but continues just ~ strong in others.
Studebaker resumed it's rise at the
opening yesterday, but then sagged
on somewhat on pront-taking. How
ever. short coverings more than off,
set this. and the stock showed q net
gain for the day.
In houses that have been bullish
right along q note Of caution Is now
heard. While they express the belief
that the move II not over, they are
now advising conservatism. In fact.
they appear to have adopted the
policy that "A man never goes broke
taking profits"
The Washington times., 1921-04-23
CRUCIBLE STEEL GOES UP.

The most favorable thing about
Crucible Steel is the fact that those
who are running the pool are not
averse to giving warning when q
run-up is in progress. On Thursday
afternoon tho warning was issued In
the shape Of . rumor. and yesterday
the advance was brought about.
Pretty work-ahd shows the strong
grip in which the stock Is held and
why brokers warn traders who want
to sell it short that they are playing
with dynamite.
The Washington times., 1921-04-23
Would Extradite Grossman.

CHEYENNE. Wyo.. April 23.-Gov-
ernor Carey today signed q request
to the governor OF Maryland for the
extradition of Gustave Grossman.
under arrest In Baltimore on q charge
of embexzlement Of $4,000
The Washington times., 1921-04-23

RETAIL LINES EXPAND.
The cool weather. with the accom-
( paniment Of rains and frost, tended
to retard farm operations and In
flicted some injury to crops. and
also slowed up retail trade. Better
| weather later. however. resulted In
, expansion in the retail Inns
JobbinG and Wholesale trade, es-
peciaily in the North and West,
\ evinced more life. Coupled with the
! better reports from some Industries.
notably automobiles, hides, leather
and shoes, this II looked upon ~ =
balance to the early QuiSter tone OF
the retail market
Dun's state: "A tendency toward
easing of the monetary stringency.
partly reflected in some lowering Of
land freer marketings Of grain are
making for lessening Of the imam.
cha, tension in country districts"
CITIZENS BANK CHANCES HOURS.
Special announcement 10 made by
the Citizens Savings Bank of the
change of Its banking hours to cor.
form with the schedule Of most OF
( the downtown banks and trust COM
' panies, to be effective on May l.
The bank will open at $50 o'clock
and close at 4 o'clock. while each Sat-
urday 1t will close at noon.
On the Government pay days-last.
: frst, fifteenth. and sixteenth OF tho
month-the hours will be from $3.50
a. m. to $3.50 p. m.
ZIMMERMANN HEADS VIVA. n. r.
John e. Zimmerman, OF the ensi-
neering frm Of Zimmerman & Day.
of Philadelphia. was elected president
Of the Washington-virgini Railway
, Company at q meeting Of the dtrec-
tors held yesterday In Baltimore.
Thomas Roosevelt, member OF the
firm, was elected vice president. 70
succeed r. Golden Donaldson, who
remains q director of the company A.
we'll as q member Of the executive
committee.
Lewis H. Parsons. Of Graham, Par.
sons & Co., of Philadelphia, WAS
chosen a director Of the company.
Zimmerman 4 Day have been oper-
ating tho railway since last fall,
when the company was reorganixed.
The Washington times., 1921-04-23
Prosperity Returning

1.-THE situation at the mills Is
healthy. Shearing Is progressing in
the West, but little has been done
on the new clip"
The Washington times., 1921-04-23

As long as II IL considered wicked
to be gay and happy the frown Of
virtue will never stand q ghost of a
chance against the smils of ain
The Washington times., 1921-04-23
Investors Service


service entirely winUSs An1
OF the and
fi.ss ssryis. aun.y 3 undas
The Washington times., 1921-04-23
GENERAL ASPHALT EARNINGS.

Some folks. not entirely distinct
from those who accomplished the
ascent In Studebaker. started a move
In General Asphalt which met with
equal success.
The annual report soon to be pub
lished Is expected to show net of
about 81 100000. or about the same
As shown in the last two years. A
new feature In the report, however,
will be the valuation OF the property,
which. 1t is stated. 10 placed at about
$50 900, 900.
The report 10 also expected to state
that the Burlington Investment Com
pany. which holds the Asphalt and
Royal Dutch properties in South
America, Is to declare q stock divi-
The Washington times., 1921-04-23
MD. STATE BANKS
STANDING WELL
Come Through Heaviest Of Crop
Planting in Good Shape, Says
Commissioner Page.

come through the heaviest part of the
crop-planting demands for accom-
mediation well. according to George
w. Page, State bank commissioner
who. by virtue Of his office. keeps in
close touch not only with State banks
but with national banks in the State
His reports and personal informa-
ton from country bankers indicate
that, contrary to conditions prevail
ing in most agricultural States. Mary
land country banks are well supplied
with funds and are not overloaded
with frozen credits.
CONDITIONS MADE EASIER.
Conditions have been made easier
for them In part by the reduction In
acreage and in part by the decrea Sc
In the cost OF fertilisers. farm ma
chinery and labor.
On tho Eastern Shore there has been
some difficulty in moving the tomato
pack of the last two seasons. and
packers obligations are tying UP
credits to some extent, just as in
Southern Maryland the tobacco crop
has been held far beyond its market
Western Maryland farmers also
have In many cases waited too Ions
on the grain market. but in most OF
these cases the farmers have been
able to held their products without
asking unusual bank accommodations
Country banks and farmers enjoyed
unusual prosperity In 1918 and 1919
and their natural thrift has enab led
them to weather the Agricultural de-
preston better than those Of other
States, according to Mr.. Pages OBJ
servations.
SLOW r OTAKE LOSSES.
II they have been slow to take thei,
losses II has been largely because
they did not feel tho pinch Of neces-
sity like farmers Of other States, but
that they will have to take them
eventually carries no menace to the
solidity Of the country banks, In Mr.
Pages opinion.
Mr. Page IL inclined to blame the
various attempts made to have Con-
gress pass some sort OF legislation
for the relief Of agricultural inter
ests for the present plight Of farmers
They were encouraged to think that
some of the various proposed me{s
urcs, IL passed, would put prices OF
their crops back to the war time level
or near II, and for this reason thew
held on until they are now facing a
loss of 30 per cent. and more from
what they could have got had they
marketed their crops when they were
harvested.
The Washington times., 1921-04-23
Wall Street Gossip
w. w. sPAID,

dend. The move in the stock is not
due SO much to the earnings state
ment as to the better feeling recent
ly displayed toward oil securities,
especially South American ventures.
The Washington times., 1921-04-23

The primrose, unfortunately.
means. In nord language, "incon-
stancy."
The Washington times., 1921-04-23
CHANDLER MOTORS BUYING.

Chandler motors continues strong,
but the best information 10 that there
10 no particular reason for the buy
ing except that II 10 Influenced by the
spectacular movement In Studebaker
While TIE business Of the company II
satisfactory and fully up to expecta-
lions. there has been no particular
new development.
The Washington times., 1921-04-23
AMERICAN WRITING REPORT.

American Writing Paper will issue
its 1920 report soon. and it Is under
stood that 1t will make q very favora-
BILE showing. Net earnings are esti-
mated to be equal to about $1b a
share on the outstanding preferred
stock, compared with only $3.4s a
share In 1919.
Net income before allowing for
liberal charge-offs for inventory, de-
probation, ETC., Is stated to have been
equal to about $40 . share. The
balance sheet will show about $4,000
900 cash. against $1.250,000 at the
close of 1919. while working capital
10 placed at 5000. 900. compared with
81, 900 900 In the previous year.
The Washington times., 1921-04-23

NEW YORK, April 2s.-Total sales
of stocks for today were 5s5,s00 shares
bonds 35.ls<.000. The total sales of
stocks for the week were 1851. ZOO
shares; bonds, 349,S35,000.