davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-05-19
'CHANGE COMMITTEE
DIGS INTO ODD LOTS
Question Near Solution, Some
Members Say.

The new administration OF the New
York Stock Exchange has undertaken 10
solve the odd lot problem as one OF It's
first big steps. At. the invitation OF the
Ways and Means Committee about forty
members OF the exchange, all Interested
In the odd lot business. met yesterday
In a committee room of the exchange
and discussed the situation. Nothing
definite was decided upon, but several
suggestions OF constructive nature
were made and the committee will study
Nese carefully before making Its report.
Other meetings are to follow, II was said.
Ever since trading IN lots OF less than
100 shares was first introduced on the
exchange there hss been considerable
friction over the methods employed and
in many cases over the results obtained.
The fixing by odd lot dealers of an
arbitrary figure which buyers OF ODD
lots Of stocks must pay above the cur
rent market quotation. or which sellers
must accept below the current quota
ton, has long been a difficult problem
for the exchange. Customers OF COM
mission houses have repeatedly charged
thot they had been dealt with unjustly.
but the exchange has been unable TO
decide how 70 eliminate this difficulty.
The thorough manner In which the
exchange management is going ut the
problem leads TO tho belief in Wall Street
that something may come Of the invcs-
tigatlons that will make for n radical
change IN regulations or method OF op-
erations In add lots. or both.
The New York herald., 1921-05-19
NEW DENVER PROTEST FILED.
stockhoIderx' Conimittee Says
Latest Company Ia illegal.

On the ground that the new company
which Is to take over the old Denver
and Rio Grande Railway is not organ
lied under the laws OF Colorado. Utah
or New Mexico. In which states 1t is
located, but under the laxer laws OF
Delaware. the Denver ard Rio Grande
Stockholders Protective Committee has
filed r. third objection TO tho application
OF Western interests to the Interstate
Commerce Commission for authority TO
issue stock of n new company known as
the Denver and Rio Grande Western
and to cause the transfer of such stock
TO the Western Pacific in consideration
for tho Denver and Rio Grande property.
Previous objections by the committee
10 the granting OF such authority were
based on the failure OF the applicants TO
secure a certificate Of public necessity
and on the ground that the consoiida-
ion was unauthorized under the 1920
amendments 10 the Interstate Commerce
act
The New York herald., 1921-05-19
DIVIDEND Is PASSED
BY REPUBLIC STEEL
Cambria Directors Act Like
wise-COmpanies Reduce
Disbursements.

The Republic Iron and Steel Company
yesterday passed the quarterly dividend
OF / h per cent. on the common stock
due at this time. Directors OF several
other industrial corporations decided
also upon either the reduction or the
elimination of dividends for the present
They included the New York Air Brake
Company. the Cambria Steel Company.
the Pacific Mail Steamship Company, the
Cuban American Sugar Company and
others
The Republics action was no parucu-
lar surprise to the financial district, for
it has been known for some time that
the company was not earning It's olvi-
dend. At the conclusion of the directors
meeting, John A. Topping, chairman OF
the board, said:
las profits for the year to date, are
substantially below dividend require
ments and future earnings are very un-
certain, the board concluded that It
would be unwise to continue the common
dividend and therefore further disburse-
rnents were suspended
The company has been paying per
cent dividends for some time.
Directors OF Cambria Steel, a sub
sidiary Of the Midvale steel and Ord
nance Corporation, passed the regular
quarterly dividend due on tho common
stock. Three months ago the dividend
was so cents, prior to which rs cents
regular and 25 cents extra had been
paid for many quarters. The board Is
sued the following statement:
Operations for the first four months
OF 1921 have shown substantial loss.
The immediate trade outlook Is not
kpromisng. in view Of these conditions
and the aeed of conserving our re-
sources. the board of directors at their
meeting decided that the interests Of the
tconpany would be best served by omit
| ting payment OF any dividend at this
time"
Directors Of the Cuban American
Sugar Company declared a dividend OF
| so cents a share on the common stock
land SITS on the preferred. both pay
able July l to stock OF record June Is.
The regular rate OF 81 quarterly had
been paid for some time.
The Pacific Mail Steamship Company
passed the dividend OF so cents usually
declared at this time. Six months ago
an extra dividend or so cents was de-
clared In addition to The regular half
yearly disbursement of like amount
| The New York Air Brake Companys
directors decided that the company
should be placed on an annual basis OF
| 5 per cent. instead of 10 per cent. As
21a per cent. was paid at the end Of the
| first quarter, however, it was decided
that that disbursement would have to do
| for both quarters. Action on further
| dividends for the year will be taken up
at the August meeting.
The New York herald., 1921-05-19
MARINE UNDERWRITERS MEET.

In view OF the consolidation OF the
National Board OF Marine Underwriters
with the Board of Underwriters of New
York, which will take place June !, the
annual meeting OF the former organiza-
tlon, which was held yesterday e. Il
Beaver street was perfunctory. Rsao .s
OF officials were accepted, and all other
business, including election OF officers.
was put over. The marine board Of
underwriters represents thirty-six COM
panles, and the New York organization
twelve companies.
The New York herald., 1921-05-19
u. S. STEEL LANDS TWO
JAPANESE RAIL ORDERS
China and Argentina Also
Seeking Material.

Two orders for foreign account taken
by the United States Steel Corporation
in the last week have added somewhat
to the business of that corporation, al
though In themselves they are not espec-
tally large. The two. aggregating 1900
tons, represent rail orders for Japan.
while another inquiry for the same
amount for the Pekin and MulSden
Railway Is still peneing. Bids for 10000
tons for tho Argentine Government are
to be opened this wiik.
steel works are running at 30 to 80
per cent of capacity on the average,
says the Iron Age, "and some important
companies put the amount of new busi-
ness at about one-third normal book
ings,
prices were SIS TO $50 ton on the
large rail- contract German mills recently
took In Russia From German sources
It Is reported that American mills were
prepared to bid s57 had 1t not been for
the washington interdiction on trade
with Russia.
Railroads arc even less disposed than
they were earlier In the year 70 receive
deliveries on orders placed with Hteel
mills. One line has had 10000 tors de-
llvered which It ha- put in storage,
The Iron Trade Rerieto will say to-
morrow: with the exception Of the
encouraging volume of foreign inquiries
and sales involving $1,000 tons OF rails,
1000 steel cars. IS locomotives ana
other railroad equipment the outstand-
ing development OF the week Is the
tendency TO shade the prices established
Ave weeks ago when the United States
Steel Corporation reduced quotations.
The announcement Tuesday that the
United States Railroad Labor Board will
revise wages downward is viewed with
satisfaction in the steel industry.
Noticeable concessions appear In the
wiro market II being reported that
Texas oil company has placed 400 kegs
of nails At SO, base Pittsburgh, So ton
below the price quoted month ago.
Some producers have reduced structural
and boiler rivets from 3.40c. and 0.5oc'
to 3.25c. and 3.35c. respectively. Con-
cessions of 81 and si5 a ton are re-
ported as made by two Ohio concerns on
hot rolled strip. and cut OF s22 ton
prevailed on sizable order OF cold
rolled strip steel for tho Ford Motor
Company.
Interest Is being shown in the con-
templated requirements for the vehicu-
lar tunnel under the Hudson River at
New York involving about 10000 tons
OF LIS and 2.25 silicon iron. Foundries
expecting 70 cast segments for this job
are asking for the price OF Iron for
October delivery. but furnace operators
are not inclined 10 quote that far ahead.
THE Iron Trade Rcvicto composite
average OF the market Is $43.05 conf
pared with s4950 last week and ss3.sf
for April
The New York herald., 1921-05-19
SIMMS PETROLEUM
LUCK BAD IN 1920
Annual Report Tells of Re-
peated Failures to Develop
Texas Lands.

No better example OF tho extreme
hazards OF the oil business could be OBJ
tanned than yesterdays official state
ment of Edward 7. Moore. president of
the Simms Petroleum Company, out
lining the company's operations during
1920 and showing frankly the repeated
failures OF It's endeavors to develop
large portions of It's land holdings.
When the company was organized.
the report reveals, It took over the as
sets OF the SImms Oil Company. consist
ing of 425.ooo acres of leases and s7o.042
of lease equipment IN Texas. which
went on the company's books at s1o.-
100000. During 1920 340.SS2 book
value of these leases was abandoned,
leaving the book value of the remaining
leases at the close OF the year at So
SS9.070. Thirteen wells were started
on that acreage, but six OF them
proved to be dry holes. four were
abandoned before completion, and the
other three abandoned after their COM
pletion.
There is little to indicate" the re-
port goes on, whether the balance of
the original Texas acreage Is of SUBJ
stantial promise
In March the company allowed its
Dibrell lease of 3400 acres to expire
because II had been found barren of
oil. That lease was part Of the orig
inal acreage and has been carried on
the companys books at $6,700,000
That abandonment. therefore, will mean
a charge against income for 1921 Of
approximately that amount, the re-
port says, which will reduce the book
value of the acreage. originally car
ried at approximately s10,000,000. to
about S3,200,000. The management Is
considering, the report continues, the
abandonment of other parcels OF this
original Texas acreage which seem TO
have been disproved by drilling oper-
ations.
Early last year, according to the re-
port, the company purchased 600 tank
cars which stood on It's books at ST.
67s.315. In the spring of that year
there was a shortage OF tank cars and
the company made good use OF its new
equipment. At the close of 1920, how
ever. almost the entire lot of 900 tank
cars was inactive and these cars are
now stored
The consolidated income account Of
the company and its subsidiary. the
Simms Oil Company. shows deficit
after depreciation and depletion, OF
S974974 and a total deficit, after
charging Off losses on the Sibiey-
Tidewater Pipe Line project and the loss
from operations under lease of the Mili-
ken Refinery, Of $2,03S.072. Its gross
profit and loss deficit on December 81,
was S2,426.299.
The New York herald., 1921-05-19
CONSOLIDATED EXCHANGE.

Announcement that the United states
Railroad Labor Board would make
lower wage rates effective on July
vaa The main factor for increased In
terest and substantial gains In the rails
during yesterdays Consolidated Stock
Exchange. improvements IN those
issues ranged from ! to more than
nor cent. Tohaccos and marines also
evidenced an upward trend, while The
balance of the lndustrials was reces-
slonary and losses were widest in steels
and oils. Declines OF 49s in Pan
American 70 SIS, az IN Mexican Petro-
lenn. to 1iTi5, Iva Cruciblo, to 754
and sainS ox 2A In 81. Paul. to aoh,
The New York herald., 1921-05-19

and IN New York Central to 72, we're
feature changes.
Canadian Pacific advanced ?, to t16A,
Rock Island / X, to 3ii5, Baltimore and
Ohio 1A. 70 42M. Southern Pacific IA,
to rs. Union Pacific "a. TO 121h. Great
Northern preferred IL, 70 Tx, Nor
folk and Western *. to ssh. Marine
preferred ia, 70 56ia, American In
ternation,i 1gs, TO 49m. American
sumatra ~. to ee, and Tobacco Prod
ucts 1. TO 57ia.
United States steel yielded % S2M,
Republic 70 81. Bethlehem steel y ri,
10 5g%, Vsnadlum IS. to 332s. Bald
win Locomotive ~. to s6%, Royal
Dutch N. Y. 2, 70 62& Studebaker 2s4.
20 1874. Chandler 2. to 81 4, General
Asphalt III. to 72<, international
Paper eis. to seis, Kelly Springfield
to As n, Bosch Magnetic 3 u, TO
<s A. and Peoples Gas lss. 70 "a
The New York herald., 1921-05-19
TRUST COMPANY MERGER OFF,

The Metropolitan Trust Company an
nounced yesterday that It had withdrawn
from negotiations looking toward the
merger of that company with the United
States Mortgage and Trust Company
Although rumors or such negotiations
were current late last week In Wall
street yesterdays announcement was the
first official admission that serious con-
slderation had been given to the merger
The New York herald., 1921-05-19
TREASURY CERTIFICATES.

WHAT'S on your mind9 Looking for uppor-
tunities7 Want more cRpitsl7 A business
Opportunity n The Herald want Ad, Section
might mean the turning point IN your career.
rry cns~-~AARM
The New York herald., 1921-05-19

THINKING OF buying an automobile7 Or
selling or exchanging your ola one? You
get quick action IN the Automobile Ex
change-Want Ad, Section OF The Herald.
Turn 10 II now.-,Adp.
The New York herald., 1921-05-19

Closing prices OF stocks IN which there
were no transactions yesterday;
The New York herald., 1921-05-19
BID AND ASKED QUOTATIONS
\. !. STOCK EXCHANGE QUOTATIONS..

70 tho following prices accrued interest y
20 bc added iu every case;
The New York herald., 1921-05-19
EXPORTS FnoM NEW YORK.

Exports from New York yesterday
Wheat, e4.o49 bu. corn. ss,4S7 bu.; bar
ley. Ss.S30 bu bacons. 4IS,000 lbs.
lard. 659,S00 lbs.: -four, S,4es sacks
cottonseed oil. 100000 lbs. lubricating
oil, $3.50 gals. oatmeal. $50 bbls oil
cake. i.70S.s0o lbs
The Washington times., 1921-05-09
$lO.95 Stenciled Grass Rugs
e, Z; c.; {: $5.85 s s;:::S f.:

Heavy double-warp Japanese Grass Rugs Of quality
far superior to the ordinary kind sold at similar pricen
large range of colors and designs including handsome
medallion neat and novelty border effects of blue green
and brown also Chinese designs of blue red gold and
green-beautif designs heretofore shown only in carpet
rugs. oxt aft Size-special at $5.85.
The Washington times., 1921-05-09
BLAIR 0. K. DELAY
HALTS DRY PLANS
Enforcement Officials Anxious
for Observation-Disclosures
After Kramer's Job.

Prospect of. early confirmation by
the Senate Of the nomination of
David II. Blair. as Commissioners OF
International Revenue. gave Treas
|ury officials hope today that new
plans for the Pro-
hibition Enforcement Bureau will be
worked out without much further
delay.
The entire dry" law organiza-
ton in it's present form is merely
a skeleton of the unit constructed
by the former Administration. Most
or the posts OF higher responsibility
throughout the country are vacant.
Secretary Melons lists today bore
the names OF hundreds of,'applicants
for jobs as prohibition law enforcers.
There are half dozen candidates
fer the post of Prohibition Commits
sioner. The incumbent. John r..
Kramer. probably will tender his
resignation within a few days and
ask to be relieved.
As soon as the Revenue Commits
sioner Is sworn in, Secretary Mellon
arranged to clear up appointment
problems, bearing upon prohibition
work. Keen rivalry has been mani
tested in contests among Republic
ans for places as State Directors.
The Washington times., 1921-05-09
Week Of PROBES,
congress SLATE
Senate Tackles Railroads and
| Taxes, House to Dissect Berg
doll Case and Beer Bill.

tnvestigations-a popular indoor
psstime with Senators and Repre-
sentatives--wili choke the Congress
sional program this week.
The Senate Finance Committee be-
gan today thorough ventilation Of
tax revision proposals. The sales
tax. advocated chiefly by Senator
Reed Smooth OF Utah. one of the COM
mittee's Republican members. was
tackled nrst.
The Senate Interstate Commerce
Committee will undertake a big job
when II starts 4 sweeping investiga-
ton tomorrow of the country's rail-
road conditions. The railroad execu-
tives are scheduled to be heard first
and Senator Cummins of Iowa, the Re-
publican chairman OF the committee
and joint author of the Esch- Cummins
act, intends TO inquire OF them why
the railroads required $1,000. 000, 900
more last year For operation and main
tenance than during any year of the
preceding period OF wartime Govern
ment control. The ''labor group" are
to testify the wage aspects of the
railroad situation later.
Old John Barleycorn will be dragged
before the House Judiciary Committee
again when Congressman VoIstead of
Minnesota, author of the Volstead
act which Is intended to prohibit
sale of beer to the sick.
The House Merchant Marine Com
mittee will start hearings on the bill
to allow American vessels to dispense
liquor beyond the three-mi limit.
The BerKdoll case is to be aired all
week by the special House committee
created to determine the RESPONSE
bility for the ESCAPE OF Grover c.
Bergdoll. Mrs Emma Bergdoll. the
slacker's mother, and former Secre-
tary of War Baker are among the
"star" witnesses scheduled to testify.
The Washington times., 1921-05-09
sERTssENENT.
TK!b PEOPLE
iced bITRO-
PHOSPHATE

All shaf most weak. nervous, thin.
mentally ,depressed people need IL ten
grains OF pure organic phosphate with
each meal for few weeks
j. That's what nerve specialists In
scribing with wonderful results.
IL IL natural food for nerve and
brain cells and is known to such re-
liable Pharmacists as Peoples Drug
stores as Bitro-Phosphate. Because
OF lis power to- help create healthy
flesh and strengthen weak nerves.
much of IL IL being sold TO people
who are lacking in vitality.
CAUTION: Although Bitro- Phosphate
IS an excellent aid In relieving soeak.
nervous conditions, ITS use Is not advIsed
unless increased peioht 10 desired.
The Washington times., 1921-05-09
CORKY ASKS WORLD TO
SAVE RUSSIAN PEASANTS
Maxim

COPENHAGEN. May 0. - Maxim
Gorky. the Russian writer, Is report t.
ed in a Helsingfors dispatch TO have
Used through the Finnish newspapers
an appeal ito the whole world" 70
come to the rescue of the representa-
tives of Russia's intelligensia.
The message quotes him as saying
that about 5000 savants In Soviet
Russia are on the verge of dying from
hunger.
The Washington times., 1921-05-09
Other essential helps

Modern research has revealed other
needs. Ordinary diet is often rich in
starch and deficient in fruit acids. A
tooth paste should twice daily do what
fruit acids do. 1t should stimulate Ma
lures teeth-protecting agents in the
mouth.
Pepsodent does that. It multiplies
the salivary flow. 1t multiplies the
starch digestant in the saliva, to digest
starch deposits that cling. 1t multiplies
The Washington times., 1921-05-09
The War on Film
That dingy film on teeth

Dental science nowadays is conduct
ing war on film 1t means new den
tai era. The object is whittier teeth,
cleaner teeth and safer.
Millions of people have already bene-
fitted. And leading dentists everywhere
are urging this new way on others.
This is to offer a pleasant test. To
bring you the results for awhile. Then
to let you decide if you want them
every day.
Film mars your looks
Film is that viscous coat you feel,
ever-present, overcoming. 1t clings to
teeth, gets between the teeth and stays.
This film absorbs stains, so it clouds
the teeth's beauty. 1t often forms the
basis of thin, dingy coats. And coated
teeth don't glisten.
So beauty alone demands its daily
removal. Those who leave it do not
realize how attractive teeth can be.
The great tooth wrecker
But film does more. 1t is the basis of
tartar, 1t holds food substance which
ferments and forms acid. 1t holds the
acid in contact with the teeth to cause
decay. Germs breed by millions in it.
And they. with tartar, are the chief
cause of pyorrhea.
The Washington times., 1921-05-09

Send the coupon for To-Day Tube.
Note how clean the teeth feel. after
using. Mark the absence of the viseous
film. See how teeth whiten as the film
coats disappear. Feel the other good
effects.
This test will be revelation. It win
show you what clean teeth mean. Thsn
decide If you always want the teeth In
your home kept like the teeth you ssA
Cut out the coupon now. 3.
The Washington times., 1921-05-09

/. Thus film causes most tooth troubles.
Despite the tooth brush, those troubles
have been constantly increasing, until
very few escape. The ordinary denti-
frice does not effectively combat film,
so much has been left intact.
That is the situation which dental
research has in late years sought to
remedy. ~
Two efficient methods
Two efficient methods have been
found. Able authorities have proved
them. A great number of dentists have
watched the results for years.
Now these methods are combined IN
tooth paste called Pepsodent, for daily
use at home. Its effects are quick and
delightful. A weeks use is usually con-
vincing.
The Washington times., 1921-05-09
Millions now show
the results

Pepsodent Is now widely adopted.
As result millions Of teeth now glistsn
as they never did before. You see them
everywhere. Those teeth are protected
in these new. effective ways.
To countless women It has brought
an added beauty. For men who smoke
it is removing flm-held tobacco stains.
1t is saving children's teeth. Dentists
advise its daily use from the time the
first tooth appears.
The Washington times., 1921-05-09
Soc and SEC Turk
ish Towels
at 38c

Fine Quality Double thread
Bleached Turkish Towels, in all
white, also red or blue bordered
styles. Extra fine close woven,
absorbent grade. for face or bath
inches. An opportunity to lay in
supply of towels at unusual
savings.
Csc and 29c Huck .
Towels, 18c
Fine Grade Double Thread Huck
Towels. some with space for mon
oEram: absorbent, quick drying,
excellent quality.
G0ldenberG's-F1rs Floor.
The Washington times., 1921-05-09
Ready-to-Hang
Awnings at
S2.29 Each

Made of good substantial quail
ity blue, tan. or brown stripe can
vas, with 9-inch tape-bound valance:
s %oyntsd O. sfielef rs steel an aTaff e..
with, aft. drop, Complete with
ropes ana all attachments ready
TO hang. Only limited quantity.
GeldenkerG's-Foo Floor.
The Washington times., 1921-05-09

the alkalinity Of the saliva. to neutral
Ire the acids which cause tooth decay,
An these results come from every ap-
plication. Thus mouth acids and the
starch which forms them are effectively
combatsd. old-<ime tooth pastes, based
on soap and chalk, had just the eppo-
site effect
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1921-10-22
G.. L. BRIGHAM OF
ELM GROVE DEAD
Former BrattIebOrO Musician Had Been
Great Sufferer Several Months
Member of Masonic Order.

Clarence l.. Brigham of Elm Grove.
Mass. formerly a well-known musician
here, died Thursday evening in his home
in Elm Grove. He was great suf-
ferer several months and for several
weeks preceding his death was confined
to his home.
While living in Brattleboro he was
leader of the band and of an orchestra.
gave private lessons in music and dealt
in musical instruments. He had been
instructor of music at Arms academy
and in the schools of Buckland and Cole.
rain. lie had been the popular and eff
cient leader OF the Shelburne Falls Mill
tary band and the prominent place that
band helds today is the. result of his in
structiOn. He was member of Noun
tain lodge of AIaSons and much attached
to the work of that organization. Besides
his widow. who was Mss Elizabeth
March of Shelburne Falls, he leaves one
daughter Miss Rose Marie Brigham,
who lives at home, and two sons. Warren
of Elm Grove and Arthur Brigham of
Holyoke Ills aged mother. Mrs Helea
Temple Brigham of Elm Grove and New
York city. a widely-known Spiritualist,
a lsO survives.