davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-10-19
Buying Long Time and Short Time Incomes

In the of Bonds (Which represent fixed value) their
prices reflected in the current rates of interest
Old Bonds brought out at normal interest naturally
lowest in price when is commanding high rates With
new Bonds brought out during times of high money their
rates correspond with the high interest return then prevail
ing Practically speaking it is fair to say that money
becomes easier Cor aains increased purchasing power
Bond prices advance.
Bonds which have but short time to run now yield
more than Bonds of equal strength having long time
to
"Ca1able" Bonds, where the likelihood exists of the
calabe privilege being exercised may be classed with
short term Bonds nasmuch purchasing either of them
involves matter of judgment to whether the
present prevailing interest rate will compensate Dos
sibe lower rate prevailing when the time rein
vestment Because Bonds calabe it follow
necessarily that the caabe privilege always will
ercised
Intrinscally there is distinction between Long Term
and short term Bonds between Non-Calable and call
able Bonds Short term issues and Bonds likely to be
called find ready market among banks institutions bust
firms and individual investors who surplus funds
available for short time investing and for this purpose
these forms Of securities supply investment which COM
bnes safety with high yield.
The New York herald., 1921-10-19
A Comparison of Bond Prices

discussion price cycles is possibly
worth remembering that from to 10 hggrade railroad
such Bonds
ranged par above par.
following average Bond nrces
THE YORK HERALD nteresting " "
The New York herald., 1921-10-19

This is No. Is of series of talks
on Bonds in general and special
groups of Investment Bonds.
Copies of these talks may be had
on request by writing Financial
Department, New York Herald. 280
Broadway.
The New York herald., 1921-10-19
At CROSSING.
'iic y.Eeted the
feS.

,iic y.Eeted the
fes.
George Scott,
rd. and a wom-
rant were in
2, east bound
struck the
= driving at
llf west OF
said to-
ard gates
lowered
passage
: for n
n was
when
obile
ID.
1t
Evening star., 1921-01-16

OF plain ehambray. Col
lar edged with white
piping. vest front. Skirt
has two pockets. detseh-
able belt. Colors. pink.
green, lavender and gray.
Sizes So to IS.
Evening star., 1921-01-16

o. chambray. E.on
effect waist with oval
shaped collar in back.
Skirt has three tucks
finished of with rie-rae
braid. Colors, blue. pink.
green and lavender.
Sizes II, Is. IS. 70 and
IS to Is.
The New York herald., 1921-07-08
BID AND ASKED QUOTATIONS
FOREIGN BONDS.
Y. Y. STOCK EXCHANGE QUOTATIONS.

To the following prices accrued interest Is
to be added In every case:
The New York herald., 1921-07-08
Total compensation
and operating in
SIS. .2es. .7ee sic. 900. .s25

WlthOut FederaI COMPENSATION lUr
two months and the Government guar
anty for six months ended on August 81.
the Philadelphia and Reading in 1920
would have earned a net operating
deficit of $685., 107 out Of gross operating
revenues Of $94.S19. .755. against $30S3. go
In net operating income saved out Of
$72,S71 1923 in gross receipts in 1918.
Mr.. Dice said that the company's
funded indebtedness decreased SIS, ,066 in
1920. The roads physical valuation con-
tinued during the year at cost of
s9O.527. bringing its total expenditures
for that purpose to $423,973.
The New York herald., 1921-07-08

stock. n,pSG0 bags. Reoeipts NJ porte,
IL 900 two years ago, Sac Pauo had $4,000,
against 1900 and 1900, and Jundiahy
81 900. against $4,000 andsl 600 baga respec-
lively. Rain In three Sac Paulo districts.
cloudy IN one and fine m one. with tempera-
turca minimum, ranging from a. to 81 de-
The New York herald., 1921-07-08

62.7 per cent, were secured by Liberty
and other United States bonds: $780,
100000, or PAT per cent, by Victory
notes; s4,600.000, or per cent, by
Treasury notes, and $50, 900, or 11.9
per cent. by Treasury certificates COM
pared with s436. 100000. s170,300, 900.
s2,S0o.000 and s3S.50O,000. respectively.
the week before.
Discounted bills held by the Boston
and New York banks include SAL, SOC, 900
of bills discounted for the Richmond,
Minneapolis and Dallas banks. COM
pared with s47,900,Oo0 reported the week
before. The two former banks report a
reduction, of their combined accommo-
dation at the New York Reserve Bank
from $4,000. 900 to 31,000,o00. while
the Dallas bank shows an Increase in its
rediscounts with the Boston bank from
ss.400. 900 to s10,500,000.
Government deposits show an increase
for the week Of s1S.60o.000. Reserve de-
posits an increase Of $10,600.000, while
other deposits. composed largely Of nom
members clearing accounts and cashiers
checks. declined by s1.S00.000. To meet
the large demand for currency in con-
nection Win the opening of the summer
vacation and travel period the Federal
Reserve banks of Boston, New York,
before the Fourth of July issued large
amounts of Federal Reserve notes, the
net increase in Federal Reserve note
circulation for the week being $37.400.-
0o0. besides an increase of 100000 In
Federal Reserve bank note circulation.
During the week the Reserve banks
paid the regular semi-annual per cent
dividend. amounting to $3.036.000. and
increased their surplus by s11, ,7S9. 900.
All the banks except the Dallas bank
report surplus accounts in excess Of their
subscribed capital. Their reserve for
Government franchise tax amounted at
the close OF the first half OF the year to
about s41. 900, 600.
The following table shows the condi-
ton OF the twelve banks In the reserve
system at the close of Wednesdays
business, at the close OF business on
June 20. and at the close OF business on
July 0, 1920:
The New York herald., 1921-07-08
PRICE INDEX NUMBER
SHOWS GAINS ON JULY !
Is First Rise in Thirteen Sue
cessive Months.

The turn into the second half of the
year 1921 brought also a turn in the
price tide. according to Brcdstreet, in
dex number which showed a slight gain
on July compared with June / and
which was the first monthly advance in
tnirteen successive monthly declines.
Whether the long expected sterilization
has been reached and whether the trend
VIII be upward was declared by Brad
streets to be an unknown factor and
care in generalizing Is exercised. The
statement continues, in part:
Bradstreet's index number as of July
l was $1o.72S4. which. as already stated.
marks gain Of only l per cent over the
number recorded on June /, S1O.6169.
but still shows decrease Of 4S.6 per
cent. from the peak point touched on
February !, 1920. Compared with July
l. 1920. the decline Is 44.6 per cent, but
the advance over August /. 1914. is still
1872 per cent. The course of Brcdstreet's
index numbers monthly since the peak
point was touched on February 1, 1920.
is shown in the following table:
The New York herald., 1921-07-08
u. S. RUBBER DIVIDEND
ON COMMON DEFERRED
Regular Disbursement on
First Preferred Is Paid.

Action on the quarterly dividend Of |:
per cent. on the common stock of the
United States Rubber Company was de-
farred by the board of directors at their
meeting yesterday. The regular dis
bursement on the first preferred stock,
amounting to Q per cent. however. was
declared. payable July 30 to stockhold-
ers of record July Is. Lester Leland,
vice-chairman. gavs out the following
statement:
THE board Of directors at their meet
ing to-day declared the usual per cent.
dividend on the preferred stock. but de-
ferred action on the common stock
dividend. The sales for the first six
months Of the year have been satisfac-
tory under the business conditions thar
have prevailed. The directors have
made q careful review Of the situation
as they see It for the balance of the
year and the outlook is encoura g1ne
especially as to tire and footwear sales.
While the financial position of the COM
pany Is strong. the directors deem II
conservative to defer action on the COM
mon stock dividend for thu present"
Mr.. Leland said that the matter of
new financing by the company was not
considered. and that nothing Of thai
nature was likely in the near future.
The New York herald., 1921-07-08
CONSOLIDATED EXCHANGE.

Fair early gains were more than
negatived in most groups during the
final half of yesterdays Consolidated
Stock Exchange trading, substantial
losses of that period being traceable to
heavy profit taking sales and q de-
creased short interest. The oil and
speciality issues led the downward trend,
Mexican Petroleum falling 41a to ss,
American Sugar Refining 415 to 6s
and American Woolen 3es to 7OA.
During tho noon period Studebaker was
marked up 4 to s2%. Reading to 7OTs.
and Northern Pacific 2% to 75A. all
three later losing most OF those gains.
United States Steel yielded rs to
74%, Crucible 2s to 57A. Republic "a
to 1895, vanadium ~ to 3oa, Bald
win Locomotive to ~. Pan Ameri-
can 2A to 4S, Houston 2% to "a, Cen
eral Asphalt 2A to 51&, United States
Rubber 3h to SO. International Paper
IL to 55. sears-Roebuck 21a to S6hs.
The New York herald., 1921-07-08
FEDERAL RESERVE
BANK STATEMENT
Note Circulation, Borrowings
and Deposits Increase, Ratio
Slightly Declines.
Special Despatch to THE NEW YORK HERALD
New York Herald Bureau,
W~ yu1v

Special Despatch to THE NEW YORK HERALD.
New York Herald Bureau,
Washington, ID. O., July T..
Total additions of s37.400,000 to the
value of outstanding Federal Reserve
note circulation. accompanied by in
creases Of $2s,Soo,00o in borrowings by
member banks and Of $27,4o0.00o in
deposits, mark the principal changes in
the condition of Federal Reserve banks
for the week ended July 8. 1921. Gold
reserves show further gain Of SIS. .So0,-
600, while other cash reserves. l. e..
silver and legals. declined by s1o,1o0,o 900,
the result being q net gain of $5,700,00
In total cash reserves. Tho banks re-
serve ratio shows q decline from CO.'S to
60 per cent.
Federal Reserve Bank holdings OF
paper secured by Government obligations
show an increase for the week of $685.
600, 600, and other discounts an increase
of s3,20o.000. while holdings of accept
ances bought in open market declined
by about 100000. No change is shown
in the total of Pittman certificates held,
while other Treasury certificates on hand
increased $3,700,000. In consequence
total earning assets Of the Reserve banks
on July stood at s2,o95. 500, 900. or 35
per cent. below the total reported on
July 0 of last year.
OF the total holdings of 1914, ,4o0, 900
of paper secured by United States Gov
ernment obligations, $243,2oo,ooo, or
REsOU
Gold and gold certificates. tes................
Geld settlement fund.-. r. Board. .........
Gold with foreign agencies. s..................
Total gold held by banks. .............
Gold with Federal Reserve agents.. ........
Total gold reserve: ....:................
Loyal tender notes. silver. &c...............
Total reserves -.....................-
Bills discounted
Secured by U. g. Government obligations. :.
Bills bought In open market.
U. s. Government bonds and notes.
U. s. certificates Of indebtedness:
One year certificates (Pittman act).......
All other ..........-...........
Total earning assets. ts.....................
bss redemption fund against r. II. Bank notes.
uncollected items .......................
All other resources. .....................
Total resources ......................
LIABIL
Capital paid in.... .....................
SurpluS
Reserved for Government franchise taxi.
Deposit:
Government ......................
Member banlss-reserve account. ..........
AL other ......................
r. r. notes in actual circulation. ....:.;...
r. r. Bank notes In oirculation-net liability.
Deferred availability items. s.................
All other Liabilities. ........................
Total liabilities ......,.....
Ratio OF total reserves to deposit and +. X.
note liabilities combined. ................
Ratio OF gold reserves to Y. II. notes In
circulation after setting aside 1855 against
Reserve percentages Of ye,s >eo caicul
notes In cirW1Rtion.
The New York herald., 1921-07-08
DARC0 TO ERECT BIG PLANT.
Firm Hero Forms Group to Sell
S1,BOO,OOO stock.

A selling group to market the Issue OF
Darco Corporation preferred stock has
been formed by Gillespie. Needs & Co.,
acting on behalf of the Atlas Powder
Company. which has underwritten the
stock issue. The stock consists OF
s1.50o,oOo Of s per cent. cumulative
sinking fund preferred class A stock of
500 par value. redeemable at sl1o.
The Darco corporation manufactures
neutral refining carbon used for de-
colorizing and purifying purposes in the
sugar, oil, Pharmaceutical, chemical and
candy industries. A 5000 ton plant is
20 be erected with the proceeds Of the
issue. bonus OF 30 per cent. of COM
mon stock will be offered with the class
A preferred.
The New York herald., 1921-07-08
LABOR BLAMED FOR
POOR RAIL SERVICE
Permanent Relief Must Come
Through Lower Cost, Says
Dice in Reading Report.

Permanent relief for tho Transports
ton situation undoubtedly must como
through a general and reasonable lower
ing of railroad labor costs, declared A.
T. Dice, president Of the Philadelphia
and Reading. In tho report of that COM
pany for 1920, issued yesterday. Mr..
Dice said that despite the increased
freight and passenger rates granted last
summer excessive labor costs made 1t
practically impossible to earn operating
expenses.
''When this railroad was taken over
by the United States Railroad Admins
tration for operation on December 81.
1877" Mr.. Dice told the company's
stockholders, in his report. "there were
28.303 employees who received a total
compensation Of s2.513.361.26 for De-
cember 1917. When your railroad was
returned to the corporation on Febru-
ary 20, 1920, the number Of employees
had increased to 33,557, with q total
compensation for the month of Febru-
ary. 1920. Of s4,927,659.
1T will be noted that from December,
1917, to December, 1920. there was an
increase of 6,191 in the number OF en-
ployees, or 21.s per cent. During the
period the compensation paid increased
from s2,513.361 to s5.4s4.131, or 1855
per cent"
The company's corporate account for
1920 shows net income. after taxes and
fixed charges. Of $9.01o.790. against
SS.460,762 in 1919 The main items Of the
corporate income statement follow:
1920. 1919.
The New York herald., 1921-07-08
Rock Island Issue Permitted.

The Chicago, Rock Island and Pacific
Railroad Company was given permission
by tho Interstate Commerce Commission
yesterday TO issue se.&7o,2so Of Its rent
notes for the purchase Of new equip
ment under contract with the Ma
tlonal Railway Service Corporation.
That carrier was authorized also to as
sumo obligation for the payment Of a
Government loan of si.56s.bao given the
National Railway Service Corporation
and pledge securities with the treasury
as collateral for tho advance
The New York herald., 1921-07-08
GILLILAND OIL RECEIVERS.
Company Consents to Action in
Delaware Court.

WILMINGTON, Del. July John J.
Satterthwait of this city and p. ].
receivers of the Gilliland Oil Company
by Judge Hugh M. Morris in Federal
District Court to-day
The company. a Delaware corporation
operating In the Southwestern oil fields,
appeared inGcourt and consented to the
appointment in advance Of the hearing
set for July IL.
The plaintiffs are the Liberty Central
Trust Company Of St Louis and Edward
Cornell Of New York CITY, who claim
mismanagement Of the assets of the
company.
The New York herald., 1921-07-08
COFFEE.
The range OF prices in yesterdays
coffee futures market follows
CABLES.

Rio, unchanged for futures. Dollar rate
15O reis higher, at pS25O. Exchange. 3-16d.
lower, nj G7sd. Receipts, $4,000 bags. stock,
,Oa8, ,0tl0 bags, Santos, futures, 20 rpis lower
to W tp4s hixhsn RscpiptA aa.a00 bags;
The New York herald., 1921-07-08
U. S. CERTIFICATES AND NOTES.

Closing prices bid in yesterdays open
market for United States certificates Of
indebtedness and notes follow:
The New York herald., 1921-07-08
HARTMAN BANK DIVIDENDS.

The Hartman National Bank declared
yesterday q regular semi-annual divi-
dend of 5 per cent. and an extra divi-
dend of per cent, both payable to-day.
That action reflected prosperous bank
ing half year and indicated confidence
in the course Of business in the early
futura.
The New York herald., 1921-07-08

"In the list Of groups of commodities
advancing are found provisions. fruits,
hides and leather. miscellaneous prod
ucts. chemicals and drugs and live stock
in order of gain. In the seven groups
declining. textiles led, followed by metals.
oils, breadstuffs. naval stores, building
materials and coal and COKE"
The New York herald., 1921-07-08

Closing prices OF stocks IN which there
were no transactions yesterday!
The Cordova daily times., 1921-03-22
DETERMINING
 WAY TOPLACE
 AIR IN TUNNEL

WASHINGTON, March g (by AS. sociated Press). Further investiga- tions on ventilation of the projected Hudson river vehicular tunnel be- tween New York and New Jersey are being made by the bureau of mines in cooperation with the tunnel commissions of both states, The main problem presented is that of render ing the air In the tunnel safe for drivers while hundreds of automo. piles are exhausting gases from their motors.
 The bureau of mines has built a model of the tunnel at Urbana. where the University of Illinois is located and is conducting experi- ments to determine the best method of moving the required amount of air through the tunnel
 A number of Yale university stu dents recently volunteered their services in tests to determine the effect of the motor gases on the hu- man system. Other experiments have been made by the bureau at Pittsburg to determine the amouut of air necessary to be mixed with the gases to render them harmless.
 A final check on all experiments will be made at the Bruceton, Pa. ex- perimental station, where an oval shaped tunnel having similar con- struction ducts to those proposed in the Hudson river tunnel and an axial length of 400 feet is being construct ed under ground Efforts will be made to determine in this final ex- pertinent:
 The diffusion of exhaust gases in the cross-section of the tunnel.
 Temperature conditions as affected by the operation of intenal-combus- tion motors.
 Physiological effects of tempera- ture, exhaust gases, and smoke under operating conditions"
The Cordova daily times., 1921-03-22
UNEMPLOYED
 HAVE BECOME
 BOOK LOVERS

NEW YORK, March 22 (by Asso. ciated Press) ).-Unemployment and lower wages are serving to make New York Increasingly literary. A drift from the moving picture the aters seems perceptible.
 These are the statements which come from officials of the city's pub- l lie libraries, who declare that a new phenomenon has been observed - croWding of branch libraries during the morning hours as well as during the afternoon and evening.
 | The recent rapid increase in the patronage of the branch libraries is attributed chiefly to unemployment and to lower wages.
 The two years preceding last Octo. Der had been marked by a decrease in the demand for books at the branches although the normal in, crease continued at the main library Library officials hesitatde to give any explanation for this situation. They remarked that both increases and de. creases in library attendance in other cities of the country had been laid to high wages. The conclusion that economic conditions had direct bearing upon library patronage was forced upon them by the Hooking of men into the branches at the incep. tion of the industrial depression.
 Most of Greater New Yorks branch libraries are crowded these days from the time of the opening at 9 ! a. m. to the time of closing at 9 D. m. l At the main library building on Fifth avenue overcrowding is chronic The facilities have been overtaxed for the last five years, library officials say.
 Tt is inherent in any public utility service in New York that it should be outgrown before it is ready for use," said one of the library officials. Tt seems to be impossible to pro vide book service beyond the satura- tion point If the library building were extended to cover Bryant Square all the seats would probably be occupied as soon as theo addition was completed" So great has been the demand for books at the branches with the re, sultant wear and tear that the total of the volumes in the Al branches in Manhattan, the Bronx and Rich 1 mond-the jurisdiction of the New York public library-is actually de- creasiug reduction in the appropria- tion for purchase of books has been coincident with the increase ill the use of the branch library facilities
 The main building of the New York public library is open every day of the year and, except for Christmas, Fourth of July and Labor Day, there is an even greater demand for it's facilities on holidays than at other times. Frequently in the main read ing room. one of the largest in the world, every one of the 800 seats is occupied.
 Besides the 2,O00 to 5000 readers, 1000 visitors daily pass through the corridors of the main library. Here are Washington's own copy of his farewell address, draft of the Dec. laration of Independence in Jeffer- sons handwriting and a letter writ. ten by Columbus telling of the dis. cOYarv of america
The Cordova daily times., 1921-03-22

United States court here asking for default order to permit her to file claim for $1OOOO against the Cana dian Pacific for the death of her brother, Austin Clarke, who was a victim of the Princess Sophia wreck. She said she knew nothing of the expiration of the time limit for filing such claims.
The Cordova daily times., 1921-03-22
PRESBYTERIAN CHURCH DiREc
 TORY

Sunday school at 10:45 a. m. Preaching service 12 m. Junior Christian Endeavor, 8 D. ID. Evening service, 7:30 o'clock. Choir rehearsal Tuesday D. m. Prayer meeting Thursday p. m. J. c. Smith, cleark of session. D. c. Czerwenka, treasurer. J. A. Cohrs, Sunday school super intendent.
 Mrs. T. N. Hubbert. director of music.
 Rev. R. s. Nickerson, minister. community church for all.
The Cordova daily times., 1921-03-22
CHAMBERLAIN NAMED
 AS UNIONIST LEADER

LONDON, March P (by Associated Press) .--Chancellor of the Excheque. Austen Chamberlain has been selected as leader of the Unionist party in the house of commons, succeeding An drew Bonar Law, who resigned on ac. count of illness.
The Cordova daily times., 1921-03-22
PAPERS AGAIN ACCEPT
 DISPLAY ADVERTISING

EXCAVATION March 22 (by As, sociated Press) ss),-Newspapers here which have been operating on the open shop plan since a strike of their union printers, has resumed display advertising after two weeks suspen- sion.
The Cordova daily times., 1921-03-22
FISH QUOTATIONS

KETCHIKAN, March 22.-(Special to the Daily Times) Fish prices at noon Monday: Halibut, Sc and 4c. No sable or red rock. Herring offered at SIS per barrel.
The Cordova daily times., 1921-03-22
ANOTHER CLAIMANT IN
 SOPHIA WRECK CASE

SEATTLE, March 22 (by Associat- ed Press) Mrs. Fly Trotter of Van couver has filed an affidavit in the
The Washington herald., 1921-07-17
A Solution of the Problem

ENA
the District think
ud SEEM anda do
ypease"