davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1921-11-14
Liberty Bonds May Sell
Shortly at a Premium,

There 10 some difference of opinion
to when par may be expected Tor
ne more active Liberty bond issues,
ut the general expectation is that
/. issues will sell at q premium with
q year.
Continued strength in Liberty
1ds 3 due In large measure to easy
oney. present and prospective.
at. according to dealers. there are
ilmerous contributing factors that
ot' only cause present strength, but
probab!y cause strong market
II several months.
There are some Spectators who
ent short several weeks ago, be-
svtng that soldiers bonus was
'ssured. and that lower quotations
we're inevitable. These people have
been covering a strong market.
There IL a large number of people
who are technically short. BY .tech.
nically" short u meant people who
sold bonds that they owned, expect.
lng to buy back later at q lower
price. Not a few have been buying
back at a higher price.
Another factor Is found in the
quiet state Of business. Less money
is required for commercial purposes,
The Washington times., 1921-11-14
INVESTORS SERVICE

II you have an Investment pf0osem,
The Times will be glad to AID you.
Write US fully. inclosing stamped
addressed envelope for reply. and
address the Financial Editor.
st. Paul Railways French Bonds.
F. g., Fourteenth street,-Kindly
give your opinion of Chicago. Mil
waukee & st. Paul Railway 4 per
cent bonds, due June, 1925, now
selling about "a.
y I should like to have you explain
what is meant by the company's
French" issue, due at the same
time. What is your opinion Of the
company's common stock?
Answer.-St. Paul debenture as, due
1925, s35,0O0,O00 outstanding. are &C.
cured by pledge of an equal face
amount Of the company's European
As of 1925. which in turn are secured
equally with the general and refund
ing AVS and SIS OF 2014 by a lien on
10,1S4 miles.
The European loan was made In
1910 in denominations Of 500 francs,
or f19 15s. Cd. The bonds were
issued to provide funds for the
Chicago, Milwaukee & Puget Sound
for extensions and equipment.
Originally they were debentures,
but are now secured as above indi-
Gated. They are listed on the Bos-
ton Stock Exchange and in Paris.
The debenture As are selling at a
price to yield IL per cent II held to
N, et,,rffv hut Onlv 6ln per cent on
a current yearly return.
We have an idea these bonds are
not a bad speculation for man
willing to take a moderate risk. It
Is fair to assume that before these
bonds become due the st. Paul, a
vast and vital property, will be In
position to take care OF them, or 1t
will be in default and in receiver
ship, and the latter Is inconceivabls.
As a speculation the bonds are
better than the stock. in our opinion.
The Washington times., 1921-11-14

immigrants admissible have been
brought in is not fair indication OF
the situation. The total from north
ern and western Europe Is only 20 per
cent, but this includes France, Ger
many, the United Kingdom, Norway
and Sweden. The number Of aliens
from these countries in recent years
has been small, and the probability is
that the steamship companies cannot
expect heavy traffic from these
sources, regardless Of the large re.
naming quota.
The heaviest immigration has been
from Poland. Italy and other countries
of southern Europe. The quota OF
these nations is nearing exhaustion.
As instances, IS per- cent of the admis-
sible Poles have already arrived. s.
per cent Of Italians have been al
mitted. and others are 20 per cent
from Armenia, 81 per cent from Bull
garia. 81 per cent from Czecho-Slo-
vakia, Sc per cent from Greece and 81
per cent from Jugo-Slavia.
The largest sources of immigration
now are Russia and Germany. Only
% per cent of aliens from the former
have been admitted, but the political
situation makes 1t probable that the
steamship companies cannot expect q
marked increase from the Soviet ter
ritories, though only 5000 Of $4,000
have emigrated. 81
The total quota allotted to GERMANY
Is 6S,039, Of which less than 5000
have been admitted. With the finRi
proclamation Of peace 1t Is expected
that the number of Germans will in
crease, and this il the sole hope Of
the passenger lines for a substantial
traffic.
The Washington times., 1921-11-14

both on account of a reduced volume
of business and because of lower
prices.
A,ankers have also been construc-
live influence. Commercial loans have
been paid off very rapidly. 1t is more
profitable now for banks to buy gilt
edge securities than II IL for them to
pay off loans to Federal Reserve
banks; consequently some OF their
funds have gone into Government &C.
curities.
Distress selling by large corpora
lions and by individuals, which was 80
much in evidence a year ago. has en-
tirely disappeared. On the other hand.
many OF these corporations and In
diyiduals have accumulated idle funds.
They have no use for this money In
their own business, and consequently
the funds are going into bonds.
Frequent predictions Of a premium
for Liberty bonds are not without ef-
feet upon investors who would not
touch the fourth ANS at 81, for In
stance, because they expected them to
sell down to rs. They are now willing
to buy these same bonds at 95. because
they think they will advance to los,
or even l16.
The Washington times., 1921-11-14

Roads Earn 4.6 Pct.
During September

Net operating income OF main
line railroads during September
totaled ss7,174.000, according TO
a statement from the association
of railway executives. analyzing
monthly reports to the Inter
state Commerce Commission.
This represented an annual re-
turn of 40 per cent on invest
ment for the month. but for the
year to date the return would be
only 2.9 per cent. owing to
deficits Incurred during earlier
months.
The statement also empha-
sized that normal expenditures
on maintenance had not been
made.
Traffic on the lines continues to
increase, according to the state
ment. and on November l idle
freight cars numbered 264,700.
or 29,704 less than on Octo-
Der %.
The Washington times., 1921-11-14
Liberty Bond Prices.
New York Cotton Market.

NEW YORK, Nov. 14.-Develop-
ments at the armament limitation con-
ference in Washington had a stimu-
lating effect on prices at the opening
of the cotton market today. Prices
opened IS to % points net higher.
There was good support from Liver
pool spot houses and uptown interests,
while New Orleans and Wall Street
sold. 30
After the start the list acted strong.
and at the end Of the first fifteen min,
utes was excited at a net rise Of about
6 points.
Opening prices follow: December.
1880; January. 1927; February, 1888;
March. 1888; May, 1875; July. 1880:
August, 1856 bid; October, 1880.
The Washington times., 1921-11-14
INFANT MORTALITY RATE
IN PHILIPPINES IS LOW

MANILA. Philippine Island. Nov.
1.-THE lowest infant mortality In
Manila since the establishment Of the
Philippine health service is recorded
by the director of health in his report
for the year 1920, which has just
been completed.
The general mortality rate for the
islands for 1920 was the lowest in five
years and general health conditions
were the most satisfactory since Amer.
lean occupation, the report says.
The Washington times., 1921-11-14
81 Hear That---"
BY BROADAN WALL.

inferred B.
Methods adopted by banks in the recent period Of de-
preston to bring about the reduction of loans will
doubedy be instrumental in causing the arrangements of
many industrial companies to rely less upon banks in the
future for their working capital.
The executives of industrial corporations have profed
by their unfortunate experiences and will be
sentative in distributing earnings among shareholders They
will think twice before paying large stock dividends.
There at least two important which pro-
pose to keep out of the clutches" of the banks
They the Durant Motors and the oil properties Of
which Charles N. Haskell is the head.
An executive of the Durant Motors tells the writer that
the business will be conducted without the assistance of
bankers. close personal associate of Mr.. Haskell in
Middle States OIL Imperial Oil, and the United Oil Pro
ducers Corporation.
During the depression the latter able
to dispose quickly of 100000 of per bonds to
shareholders at time when companies having
extreme difficulty in obtaining additional loans from their
bankers.
The Washington times., 1921-11-14

same level in secondary hands as Tor
the past few weeks.
Retailers continue to cover on tnelr
at hand needs. New prices named on
nercaIes by some of the largest print
ers, on basis Of about IN cents
higher than named last April ana
lower than many factors had pre-
dicted, remove a great deal OF uncer-
tainty.
Previous sellers hesitated to accept
business for the new year. Lines Oh
holiday novelties are more active, as
retailers are preparing for Christmas
openings around Thanksgiving.
Lines Of dress woolens for the spring
sell slowly. with more interest SHOWN
merchandise on which at once SHIP
ments can be made. Deliveries on
sweaters and other knitted garments
are being called for by many mer-
chants who find this merchandise
moving steadily. at retail.
The Washington times., 1921-11-14

It would not be surprising II the
management of the Standard Oil
Company of New York decided in the
near future to split its shares OF
500 par up into smaller denomina'
tons.
However. all such proposals have
to be placed before 'the old man.
John d. Rockefeller. The latter usu
ally settles new business" decisively
and quickly.
ell was decide in the end whether
the public is to be given an opportun.
ity to become financially interested
in the Standard Of New York by a re-
duction in the par value Of its
shares.
When directors Of the Standard
Of New York more than a year ago
decided to declare a large stock divi.
dend the old man" said No" And
there was no stock dividend. Instead
the money was used as working
capital to make improvements and
buy oil at unusually low prices.
The Washington times., 1921-11-14
GREAT BRITAIN IN DEAL
FOR PETROCRAD HARBOR

COPENHAGEN, Nov. 1.-THE Brit
ish government is negotiating with
the Soviet authorities for foreign ad-
ministration of the harbor at Petro-
grad, according to an unconfirmed
press dispatch received here today.
The Washington times., 1921-11-14
Foreign Exchange.

NEW YORK. Nov. 1.-THE foreign
exchange market opened steady to-
day. with demand sterling unchanged
ut $3.slh. Francs were unchanged
at 7.22h for cables and 7.21h for
checks. Lires rose points to ais
for cables and 4.14 for checks. Bel.
CLANS were II confines higher at
e.96h for cables and 1854 for
checks. Marks rose ~ points to
.0039h.
Other quotations are: Guilder
cables S4.70, checks 34.63: Sweden
kronen cables 1910, checks 23.05.
The Washington times., 1921-11-14

. van F~SFS
"The address by Secretary
Hughes" he said, "was splen'
did in all respects.
ellis position was sound,
and no doubt will have a de-
cided influence on the con-
ference.
81 don't believe the Ameri-
can people will object to any,
thing he said, or the position
he took.
81 feel certain that the
leaders of the other nations
will coincide in what Secre-
tary Hughes said. There is
every reason to be hopeful OF
a satisfactory solution of the
question of limitation OF
armament.
"No nation can expect to
get advantage over another
to advance us own interests.
There should be no advan-
.e of another.
ala are practicable, practical,
The Washington times., 1921-11-14
Local Stocks.
WASHINGTON STOCK ExCHANGi


Washington Gas SIS. $2.000QS:
S2,00Q82. $500Q82.
Capital Traction SIS. $5000s0%.
Potomac Electric G. M. SIS, 81 ,OOOaI
~, $1.000Q97N. $1.0OO097H, 81, 0Oc
p97H, 81. 0O0Q97H.
Potomac Electric @. M. and Ref. Z
v. l.. 81. 000Q103, S1.000QlO3, 81, OO06
%, $1.000Q103, s1,0000o103, $1,000
%, $1.000@103. $500@1O3.
WashingIon Rnl.WsY and Electr
ID, 2Q64. 80, 2@63M
AFTER CALL.
Capital Traotion. 10000, 1870, a.
o, 5000. 1890.
Potomac electric @. NJ. 6's, $4,000
s. $1,000Q98. $1.O00@98, $1,OOO@9S,
l.OOOQ9S. $1.000@s8, $1.00O@97H,
I 000@97H, 81. 900 H77s, 81. OOO697T
,ooO@97H. s1.OOo@97N.
ONEY-Call .aatls } and 6 per
cent.
The Washington times., 1921-11-14
LIVERPOOL Cotton Market.

LIVERPOOL, Nov. 14.-Spot CO.
ton was quiet at the opening TO-DAY
Prices were easy, sales were o'oo'
bales.
American mids.. fair, $lS; goo
mids., $11.30; fully mids:, $l0.9o; mos
1880: low mids., $3.50; good ord,
$7.45; ord, $50.
Futures opened steady.
The Washington times., 1921-11-14
Land Bank Bonds Popular.

According to local bankers the
bonds of the Federal Land banks and
Joint Stock banks have proven popu-
lar with investors.
The recent issue Of Federal Land
Bank SIS offered to investors at par
is now selling above 101, while the
offering of $4,000, 900 First Joint Stock
Land Bank of Chicago 5h's has been
oversubscribed.
There is some confusion as to the
exact difference between the two
kinds of bonds. 1t is often overlooked
that, while the Federal Land Bank
bonds are the obligation Of all twelve
Land banks, the joint stock bonds ara
obligations of the issuing bank only.
This difference is recognized in the
market the Federal Lark Bank
bonds selling on about a 4.90 per cent
basis, while the bonds Of the Joint
Stock banks yield about SIS per cent.
The Washington times., 1921-11-14
Southern Asks Authority.

The Southern Railway Company
has asked the Interstate Commerce
Commission for authority to issue
$5,225, 900 Of development and general
mortage 4 per cent gold bonds, pay
able April l. 1856.
The company's petition said $4,000
900 will be spent for betterments and
improvements. The sum of $225, 900
will be used to liquidate equipment
trust obligations.
The Washington times., 1921-11-14

How colors affect our health. DO yen
know that too much or too little Of GER
tain colors can produce disease and even
lead us to the divorce oourtsf ReaA next
Sundays Timss.
The Washington times., 1921-11-14
Chicago Grain Market.

CHICAGO, Nov. 14.-Wheat today
opened NC to Nc lower. corn, Nc to Nc
higher: oats unchanged to Nc higher
lard lower: pork and ribs inactive.
Opening:
Wheat-December, $1.08% al .08h
May, $1.13A 01.12A.
Corn-December, 48K @Tc; May,
53@53kc.
oats-December, san 03s%c; May
37b@37%c.
Lard-January. ss.4o6s.3O; May
$3.50.
The Washington times., 1921-11-14
DrygoOds Trade Advances.

The Dry Goods Reporter (Chicago)
says the week brought little change
in the cotton goods division of the
dry goods trade. as prices. generally
speaking, remained at practically the
The Washington times., 1921-11-14
New York Clearing House.

NEW YORK, Nov. 14.-Clearing
house statement. Exchanges, $472,
200 900; balances, 366.100,000. Federal
reserve bank credit balances. SOS,
500 900.
The Washington times., 1921-11-14
WILL
LOSE BUSINESS
VERY SHORTLY
Cut In immigration Will Cause
Many Ocean Lines to Cur
tail Service.

NEW YORK. Nov. 14.-Rapid ex-
haustion Of the quotas of immigrants
who can be admitted under the re-
striction law passed in May has
brought many of the North Atlantic
steamship companies against a serious
problem.
The profitable steerage traffic which
has maintained earnings for the last
four months faces a sharp decrease.
In anticipation Of this development,
many of the steamship lines have al
ready made plans to curtail their serv-
ices and hold down operating expenses
during the lean period that is close at
hand.
The plans Of the United States Lines
give a good illustration Of the effect
the normal drop in passenger traffic
during the winter. The George Wash
ington. one Of the finest vessels in the
service. will be withdrawn on Febru-
airy and chartered to a tourist
agency for a Mediterranean cruise.
The Danzig services of three other
vessels. the Hudson. the Potomac and
the Princess Matoika. will be short
ened to one. The America, which now
has accommodations for 420 first class
and 1852 steerage passengers. will be
recondftfoned to carry 500 first, 462
second and 1900 steerage. This II
intended largely in preparation for a
reduction in immigrant traffic.
Similar plans are being made by the
British and other foreign lines.
The present status of immigration,
under the law limiting aliens who can
enter the United States to per cent
of the nationals Of each country here
In 1910, Is shown in the following
table:
The Washington times., 1921-11-14
ADVERTISEMENT.
ADVERTISEMENT
Miss Dauis Praises Bitro-
Phosphate-Tels How
She Gained in Weight

Just two tablets
of real MIG
phosphate dispensed
in drug stores I'M
der the name Of
Bitro = Phospli: t.
In ken with O. 81
me, meal .:,., pro proe ILL
take S e'o g. .ysS u
weight. n Q " en-
ergy, new strength.
Miss Josephine
R her own .1 1seSiEass
pha to, says. ut 10
remarkable what 1t
did for me. After
a few days i be-
Ran to- regain my
strength. felt full
The Washington times., 1921-11-14
The Bankers Remark.

Veteran financial reporters receive
says:
II never bought or sold a share Of
stock In my life"
The Washington times., 1921-11-14
Big Navy Cut Plan
Gets Gary's Applause

Ebert H. Gary president of the United States Steel
Corporation today appauded the proposals of the United
States for the big naval cuts.
The Washington times., 1921-11-14

Of life, was able to sleep soundiy and all nY
little troubles seemed to disappear. I Eains1
twelve pounds In four weeks"
Peoples Drug stores sell Bitro-Phos-
phste under a guarantees of satisfaction or
money back.
The Washington times., 1921-11-14

tage to one to the prejudice OF anothef.
Secretary Hughes proposals are pracucaoe practca
reasonable and sound in every respect"
The Washington times., 1921-11-14
STUDY HUMAN NATURE

Make people like you, get along better,
make more money, develop q winning per
sonality, learn to know tople as they are.
Send cents (stsmpsD for Personal
Power" a little book that points the way.
Address Progress League, ass Union So,
Nsu York.
The Washington times., 1921-11-14
The Curp Market.

Furnished by w. 3. Hibbs = Col
Prices at noon:
The Washington times., 1921-11-14
Oil Stocks.

Furnished by w. B. Hibbs q Co.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-07-18
Wanted: A Divorce!
Being the Adventures OF Girl Reporter, Posing as
Mrs. Casper Cassidy Who Seeks TO Break the Mar
rage Ties With Her Husband.

applying for my fourth divorces. and
being called a kid who didn't know
hor own mind Lawyers really should
be careful
When entering the office I had
explained that Casper and I couldn't
agree, but II dawned on mo at this
time that my reasons for desiring q
lagnl farewell hadn't made NJ great
impression. So ! strengthened my
plea--it's easy enough TO get n al.
vorce after one has had plenty OF
practice.
Casper drugs me around brutafiy
by the wrist" told him when
start 20 go out he Jerks mo back
from the door and hurts my arm
and can't stand To be msnhsndiod.
and ! ought to have divorce on
The grounds OF personal indlgniues
making life burdensome.-
SO IL was decided that II Casper
was q brute 7 should break away.
and my attorney suggested that wt
ask for alimony. there being fairly
good money In Casper's combination
- 49, wv 80 ~ tHNHtE anu t8tt*E
dashery. Casper was 10 pay the fee.
800 and costs. And ! wns TO come
back carly In the week with the
final decision about drawing up the
papers
As ! was leaving. this LAWYER on
the third floor of the Alaska build.
ing scratched the bald section OF his
head thong htfiiffy
Cassidy" he unused, ~um-
Cassidy IL wonder II didn't
know Jour husband In tho
army"
And replied. escspinx Into
use hail. that possibly he did.
and thought thai possibly he
didn't
ToxoRRow--Mya Cassidy meets
Lawyer rho u ready 70 roll UP his
sleeves and begin. and she almost
ios~s Casper on the spot
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-07-18

| MISS ton hcfttff fhetr t"f"he""'
during college days. and become
shiny topped when stili ,outhiuny 10
ciined,
said this lawyer 20 me. as be "a,
gray suited" at his desk ara
siumpcd into a chair. 80 you want
a dlvorce7"
Then. reaching for a writing pad
he added. Surprising We take down
a few OF the detaiis."
Now II he'd Just kept TO his
word and taken down . few Of
| th~u--but hs didn't lie wrote
a young book while ] manufao-
tur~d the facts. lie shot OFT the
questions like blue balls Of nre
out Of a Roman candle, and i
had 10 answer them
-Sow when wrrs you marrfedT
he asked, "snd your name before
YOU were married was what' And
| how much money did Casper earn
| aud where are his peopleY And how
old IL he and how long did you Know
him before you were married and
where did you meoty-
Fifteen minutes WORTH
Fifteen minutes worth Of stufter
ing and auizxing for something
which w=Inft
And he finished Up BY asking why
I had married Casper.
Just as II I'd ever thought Of that
what woman ever thinks OF why
she married a man She married him
---thai'a enough
Anyway. thss lawyer on the shird
floor OF tho Alaska building seemed
| 10 think I ought 10 have . reason.
go I said Il was his eyes.
lie has wonderful brown eyes,
| exclaimed. "and slick black hair
and he's aii-and handsomo--and
hasn't an ounce OF sense In his
head
was quite pleased with that Cas-.
per had always existed 10 me pro
| v!ousiy with the cicarrers Of sleepy
steam coming cut OF . distant tea
kettle. But nos / knew his makeup,
and rvjoiced that ! had made q man
of him
| Does your husband. = continued
the lawyer. know you're consider
Ting a divorce7'
No / replied. feeling truthful.
he doesn't"
Changes are the man suggested.
lcheerfuiiy, shat he'll oppos~. and
say you're Just . kid who doesn't
k-ow her own mind
Can you imagine II, Here was I.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-07-18
START BIGGEST
DRY Law DRIVE
$4,000 Officials Help Pro-
hibition Commissioner

WASHINGTON. July L. - The
greatest drive against liquor since
the United States went on a dry
basis Is in fun swing today. An
army Of approximately 10000 Law
enforcement officials Is co operating
with Federal Prohibition Cmnmls
sioner Haynes In administering the
VolStead law.
With a score OF government ascn'
cies and departments assisting In en-
foroement Of the dry laws and con
gress considcring amendments to
make the vcisiead Law more nearly
100 per cent tight the next six
months viii DO the most arid the
country has yet experienced II Com
missioner Haynes puts into effect all
his plans
Liquor. halted at the borders OF
the United states. now In pilng up
in stations Of tho United States Gus
toms service. Rum runner stock II
being seired faster than the govern
mcnt can legally dispose OF Il