davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
Demand Increasing
For Various Bonds
EDITED BY
WILLIAM M. CONRAD
BY BROADAN WALL.
Ra~,sts,ed u. q. Patent office.

distinctly better demand is appearing for bonds ant
prominent bankers look for further improve
ment easy money market.
As money rates recede the income bonds increases
that prices will probably advance
Few offerings Of Industrial companies are looked
for in the immediate future.
During industrial corporations erected extensions
and made improvements sufficient to take of five
normal growth. -.g.s ....
Their capital expenditures will be confined to minimum
as result Whatever new financing done it will BIZ
utilized for the payment Of banking Indebtedness thus
transferring the load from the banks to investors.
substantial offering, however, of bonds by rubber
company is expected in the future.
Proceeds will be used to cancel bank Indebtedness
place the company in position to take advantage Of the
business improvement.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30

Individual investors are declared
to be paying little attention to IN,
tax exemption feature of the bond;
In making their purchases.
They are putting them in then
strong boxes because of the high
Weld
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
Wall Street Gossip

lower in proportion to book values
than they were in 1914, Stock Eek.
change house gives a list of twenty
representative stocks with COMPARE
sons on this basis: United States
Steel, ~, for instance, at it's current
price OF 70 is selling for about &c per
cent OF book value; whereas In De.
cember, 1914, although the stock sold
as low as As. that price was 80 per
cent of book value.
American Sugar is selling for so per
cent of its book value, as compared
with 81 per cent in the 1914 depres-
sion, and American Can at Is per cent,
contrasted with 20 per cent in 1914.
There are exceptions to this rule,
notably in the case of American Lo,
connective and American Car and Foun-
dry: but judging the current selling
prices of most industrial stocks on
this basis, they are lower than in
1914.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
Liberty Bond Prices,

NEW YORK, Aug, 30.-Noon Lib
erty bond quotations: avs. 1876;
LIST AS, $s776 End AVS. $s7.s4,
ord 4ks, ss1.SS; 4th AVS. 1874;
Victory 3A's and ANS, $3.50.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
Something New.

NEW YORK, Aug. 30.-ln thes :
DAYS Of business slackness. various
methods are employed to acquire pew
business.
Something new hit Wall Street yes
terday when 1t was announced that
the Saxon Motor Car Company was
issuing certificates to its stockholders
emitting them to purchase Saxon cars
at reductions averaging IS per cent.
One large trader was heard to re-
mark: Some of the automobile COM
panies will be offering touring cars
in the form OF divide DIS one of these
DAYS"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
Admitted tn Federal Reserve,

Banks admitted to the Federal Re
serve system week ended August rs
follow: Reliance State Bank, Chi
cago, capital 100000; Penelope State
Bank, Penelope, Tex, $4,000.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
TO INVESTORS

If you have An investment problem
The Times will be glad to aid you.
Write rs fully. enclosing stamped
addressed envelope for reply, and
address the Financial Editor.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
New York Clearing House.

NEW YORK.. Aug. 30.-Clearing
house statement. Exchanges, $547,-
100000, Balance, s61 100000. Fed
eral reserve bank credit balance, $41.-
$780, 900.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
New u. 8. Financing.

Financial circles hear that the
Government will announce the terms
of some new financing shortly.
1t is expected that Secretary Mel
lon will offer some new three or
five-year notes, together with an
issue of tax certificates Of indebted.
ness.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
The Discount Rate.

The recent action Of the local
reserve bank in following the accept.
ance rate and reducing its discount
rate leads bankers to believe that
the Federal reserve bank will shortly
announce another cut to per cent.
A discount rate Of s per cent was
maintained until the acceptance rate
in the open market got under 5h per
cent. The bank then cut its discount
rate to 5h per cent.
The acceptance rate In the open
market IL now from to 6h per cent.
Dealers are receiving a good inquiry
at present rates for acceptances. but
supplies are small.
Unless there In an increase in the
volume Of acceptances some dealers
may reduce the rate.
IL had been expected that the re-
ductions in the Federal reserve dis
count rate would induce expansion
In the volume OF acceptsnccs, but this
has not proven the case and Ia un.
doubtedly due to a decision on the
part of business interests not to
make any new commitments at this
time.
Inasmuch as acceptances have to
be based on actual commercial trans
actions, II. does not look az though
business Is showing much expansion.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
Charles q. Glover Back,

Chairman Charles c. Glover, OF the
Riggs National Bank board, after
spending his vacation at York Har-
Dor, Me-, has returned to the city.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
Goes To New York,

Eugene e. Thompson, of Crane
Paris & Co., is in New York for Q
meeting Of the board Of directors OF
the Columbia Graphophone Company.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
The Forty.ninth State.

A wise observer OF current condi.
tons has made the assertion that
new State, the forty-ninth. has been
added to the Union, naming this tho
State of Mind" and attributes the
majority of our business troubles to
the new conner.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
Railroad Improvement.

The July earnings statements of the
big carriers reflect the drastic cut in
expenses inaugurated by the roads a
few months ago.
This certainly is cheering to rail.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
Brokers Not Guardians.

NJ. B.-Some time ago / bought
$3.50 worth Of Bisbee Copper from
a banking house. I understand
now that the stock is no good.
Why should a rich and power
full brokerage firm sell me a worth
less stock?
Why should not they have told
me that 1t was a poor purchase?
had supposed that everything Sin
the way of stock handled by q
reputable firm was good.
Answer-That is where you make
serious error of judgment.
A broker cannot set himself up as
your guardian.
II you instruct a brokerage house
to buy stock for you Ii will carry
out your order, provided the stock
can be obtained.
The broker deals in all kinds OF
stock, good and bad, the same as
the apothecary keeps on his shelves
healing drugs as well as lethal poi
sons.
II YOU ordered your broker to buy
Bisbee Copper 1t isn't required that
the firm should give you any moral
lesson.
You have only yourself to blame
for making . bad purchase.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
local Stock Market.
- QAI.R

- SALE ~
After call-Potomac Electric deb.
SIS. S1.0o00s6.
Capital Traction. 25085h.
Money-Call loan funds offered at
per cent, with 8 per cent bid.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30

road investors who have seen the
price Of their stocks decline steadily,
and in some casss dividends either
reduced or passed. With the reduc-
ton In wages beginning to como
along. earnings for August ought to
show q material improvement over
July.
The attitude Of the Administration
In urging and effecting relief meas
ures has created a better feeling as
to the future Of the carriers.
This relief will indirectly thaw out
hitherto frozen banking loans and
make possible the buying Of steel and
equipment that will help turn tho
course Of business generally.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
Municipala Go Well.

Notwithstanding the steady issue Of
municipal and State bonds. absorb
ton of them Is declared to be good.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
Rnnk Values and Prices

With the idea OF showing that
prices of Industrial stocks today are
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30
BONDS.
PUBLIC UTILITY.

PUBLIC UTILITY.
Bid Asked
Amer. T. 4 r. 4's...... 81 81k
Amer. T. q T. 4h's..... 86h 81
Am. T. q T. Ctl. Tr. SIS SSH s.
Am. Tel. 4 T. conv1 SIS. 99H 100h
Anacostia & Potomac 5s 67k -.
Ana. Pot. Guar. $751;. SIN -.
c. q p. Telephone SIS =. 81 90.
Cap. Traction r. r. SIS. SIN IS
City & Suburban 5's.... 81 ..
Georgetown Gas LIST SIS 70 %.
Metropolitan r. r. 6's.. 80 "a
Potomac Elec. Lit. 5's... Sy1a -.
Potomac Elec. Cons. SIS. IS -.
Potomac Elec. Power SIS 941a 96h
Pot. Elec. Pow. GIN. 6's s. =.
Wash. Alex. & Mt. V. SIS 10
Washington Gas 5's.... II 7Ih
Washington Gas 7h's.. 1921 1h3
Wash. Ry. & Elec. As. 61h 62
Wash. Ry. Elec GIN. 6's S2t 80.
MT2CEI I NLNNIrA'
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30

II. RI have $1,000 to invest
and have selected the following
bonds in $1,000 denomination:
Province Of Manitoba SIS, 1926;
Province Of Winnipeg SIS, 1926;
American Telephone 4 Telegraph
collateral trust As, 1899; Baltimore
4 Ohio prior lien 3ts's 1925; ROch-
ester Gas 4 Electric rs, 1910;
Porto Rican-American Tobacco SIS,
1881; American Telephone 4 Tele-
graph SIS, 1924; du Pont ms. 1921.
The Average yield from these
bonds would be 7.sl per cent.
What Is your opinion Of them?
Answer.-These are high-grade in.
vestments. in our opinion, and you
have made a well diversified and
balanced list.
The eight bonds may be obtained
slightly under $1,000, which means
that you can add another $1,000
bond
We suggest Great Northern
Railway general mortgage per cent,
due 1886, non-callable.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-30

Curb Market.

FURNISHED by W. B. HiSb. . Col
Evening journal., 1921-09-22
DEATH SUMMONS
ENDS HER LETTER

DUNCANNON. Pa. Sept. "a
Omitted Press. Local authorities
set in motion a nation wide search
.oday in an effort to identify an ap-
parently wealthy woman who died
here suddenly yesterday.
Careful search OF several trunks
full Of expensive clothing failed TO
disclose any clue 10 guide the efforts
Of police.
The woman arrived here several
days ago. giving her name at the
rooming house at which she stopped
as Mrs. Joe Jones" She seemed
10 have plenty OF money. She said
that her home was in Tampa. Fla.
and mentioned friends in Frederick.
Nd. and Fredericksburg. Va.
Physicians pronounced death due
10 heart failure. In her room was
found a partly finished note address
ed to Dear Mary" which read In
part:
Il guess the doctor told the truth
and that my mind is a blank at
times. I believe the Lord will take
care OF me. as I have always done
right want my friends to know
me as once was"
The letter was not signed and ap-
parently had been interrupted by her
death.
Evening journal., 1921-09-22
BEST POSSIBLE
ROAD TO RIVER
Belgian Block, Concrete
Highway on Christiana
Avenue Soon
STATE TO HELP
IN CONSTRUCTION

The Board OF Highway Commits
sioners at their meeting In Dover
yesterday having instructed the en-
Finecr TO prepare final plans and es-
Inmates for the construction Of a
highway along Christiana avenue
from Head street 10 the new river
front hnrbor. q became known to-
day that this roadway. when nn-
ished. will be the most substantial
roadway IN the State.
According TO JOSIAH Marvel. n
member OF the commission. tho city
authorities. while not being called
upon TO assist the State Highway De-
par.ment financially in the work. are
TO CO. operate by furnishing discard
ed Belgian blocks now being remov-
ed from North Market street and
other thoroughfares that are to be
repavod.
II is planned TO cut these blocks
into squares and after Christiana
avenue, which has been graded al
ready. has settled. these blocks Will
be laid. The blocks win be allowed
to remain for one year. after which
the state Highway Commission will
lay concrete paving over the blocks.
Il IS believed this form OF street
paving viii sustain any weight that
may be placed on Il. At the pres
ent time the State Highway Com
Continued on Page Fourteen.
Evening journal., 1921-09-22
SENATOR BALL
GOES FISHING
He, ]. M. Mendinhall and
R. p. Robinson Make
Catch at LeweS
SOON TO NAME NEW
REVENUE COLLECTOR

Senator l. Heisler Ball, former
Lieutenant Governor John NJ. Men
dinhall and Robert P. Robinson
president OF Central National Bank
returned today from a two-days
fishing trip on the Delaware Break
water at Lewes. They hshed from
a small boat and made a fine catch
OF weak-fish and croakers. some Of
the former Weighing five and six
pounds each. II is the second fish
ing trip the trio has made TO Lewes
recently.
Senator Ball expects TO remain at
his home until Sunday or Monday,
when he will return 10 Washington.
He was greeted by many friends
when he visited this city this morn
ing. He said there are no develop
ments over the appointment Of a
new postmaster for Wilmington. OF
OF Federal Revenue Collector foI
the district Of Delaware. Senator
Ball and Senator DUPONT expect &C
confer about those appointment
when Senator dupont returns from
Colorado Springs. which will be
some time about the second week in
October. and new Federal Revenue
Collector to succeed Harry T. Gra-
ham may be appointed shortly af-
terward.
Evening journal., 1921-09-22
DEATH TAKES FORMER
.YORKLYN POSTMASTER

Edward +. Dennison, 90 years. a
retired business man and former
postmaster OF Yorklyn, died at his
home in Yorklyn this morning fol-
lowing a two years illness.
For many years. Mr.. Dennison op-
Grated a general store and coal yard
from which business he retired
about two years ago because OF fall
ing health. He was a Republican
and had served as postmaster OF
Yorklyn, several terms.
Mr.. Dennison was born in the Vi
cinity OF Yorklyn and had been a
lifelong resident OF that section. He
is survived by his widow. Mrs. Mary
Dennison. daughter OF the late Mt.
and Mrs. Thomas Seal. and a son,
Thomas S. Dennison. residing at
home.
The funeral win be held from his
late residence at o'clock Saturday
afternoon. with the Rev. Claude W.
Clark. officiating. Interment will be
in New Garden cemetery.
Evening journal., 1921-09-22
EXPECT THOMAS TO
SURVIVE WOUNDS

Florence Thomas, so years. a for
mer actress. who was held without
bail by Judge Hastings in City Court
yesterday on a charge OF assault
with intent to commit murder. pend
ing the outcome OF injuries to Paul
Thomas. is now in the county work
house. The woman appears 10 be
unHorved because Of her position.
according to police officials, and she
has confessed that she shot Thomas
tw.ce because he was annoying her.
Thomas, who had been living in
the same house with the woman at
602 West Sixth street. was shot
twice on Tuesday night once in the
arm and again In the breast. Physi-
clans at the Delaware Hospital said
today that Thomas was improving,
and unless complications set in,
would recover.
Evening journal., 1921-09-22
Map OUT new
FIRE PROGRAM
$45O,O0O Bond Issue Soon
to Cover Cost of
Transfer
EXPECT PAID DEPT.
BY DECEMBER I

An entirely new plan for esiab-
lishment OF a paid fire department
has been made by the directors Of
Public Safety and City Council. by
which a new bond issue OF approxi-
mately s450.00O is proposed 70
finance the service and the present
volunteer companies will be allowed
to serve out the three months term
called for under their contracts with
the city.
Under this arrangement the estab-
nshment Of a paid department Is
now expected to become enect'vs
about December :.
At a lengthy conference OF the
Public Safety electors and mem
bers of City Council. held las, night
behind closed doors in the Office Of
the Public SAFETY Department IN the
Public Bulldog, the entire situation
was reviewed and the objections
raised by Chancellor Wolcott IN his
opinion granting a preliminary in
CONTINUED on Page Fourteen)
Evening journal., 1921-09-22
TYLER, CLARKE
PROTECT KLAN
Wizard Gets Conditional
designations From So
ciety Leaders
p. O. DEPARTMENT
ON TRAIL OF K. K. K.

ATLANTA. Ca. Sept. 20 Omitted
Press).-wniam Joseph simmons.
imperial wizard OF the Knights OF
the Ku Klux Kian. today had before
him the conditional designations OF
Edward Young Clarke. imperial
kieasel OF the order. and Mrs. Eliza
beth Tyler. chief OF the women's d.
vision.
The resignations were contingent
upon whether Simmons regarded
membership OF Clarke and Mrs. Ty-
lor as being perilous to the organi-
zation.
They are believed 70 have been
the ouiErowth OF = telegram TO Sim
mons from A. Donald Bate. said TO
have been a Newark y. j.. onicial OF
the Klan. demanding the resignation
OF Clarke and Mrs. Tyler.
Bate Is said to have been sum-
marily dismissed from the organiza-
ton by Mrs Tyler following receipt
Of his message.
Meanwhile police Investigation
into the mysterious disappearance OF
certain court records pertaining TO
Clarke and Mrs Taylor have gone
ahead.
Records in the police court OF an
alleged arrest IN 1919 OF Clarke and
Mrs. Tyler on a disorderly conduct
CONTINUED on Page Fourteen.)
Evening journal., 1921-09-22
HIS MILEAGE
IS lO5,3OOA AS
MAILCARRIER
Albert White Straight as
Ever After Carrying $780,
600 Pounds on Back
ON SAME ROUTE
DAILY FOR 81 YEARS

Having walked Approximately
1O5.3OO miles, with 950.000 pounds
Of mail on his back Albert White.
veteran letter-carrier at the local
postohice. laughs at scientists who
say that walking will cause nat feet
and that weight viii make one
stopped. Mr.. White. who is 61
Tears OF age. began his service as
nail-carrisr thirty years ago the
lrst day OF last December, at the
Did postofice. Sixth and King
streets.
His route at this time covers all
hat section Of the city lying be-
ween Market and French streets,
md from Fourth street 10 the Chris
lana River. He makes four de-
iveries each day. carrying approx
nately ninety-five pounds OF mall.
The first delivery averaging forty
i've pounds. although the holiday
season will send the average much
aigher.
Mr. White has another record
worthy Of mention. During his serv-
&c Of nearly thirty-one years, ne has
ierved the same route.
Mr.. White has had his trials and
ribulations as a mail-carrier. He has
been chased by dogs and besieged by
women, who probably would have
wept the street with him II he did
rot have a letter for them. He gen.
rally has the desired mail.
Mr.. White is probably better ac-
luainted with the residents Of the
ieighborhood in which he works
han the policemen on that distr-c
Continued on Page Fourteen.)
Evening journal., 1921-09-22
RECOVER 1000
DEAD AFTER
EXPLOSIONOF
NITRATE Mill
$500 Also Injured in Death
Horror Which Levels
Oppau, German
Village
FRENCH TROOPS AT
SHATTERED AREA

BERLIN. Sept 22.-CU mite
Press )-Casualti in the explosion
disaster at Oppau will amount to
more than 1000 killed and injured.
Il was estimated today as rescue
parties penetrated the fogs OF poison
gas which hung over the scene OF
the tragedy.
Nearly 1000 bodies have already
been recovered.
More than $500 injured are be-
ing treated at hospitals.
French troops are guarding the
area.
One report said company OF
French troops stationed al the fac
tory was wiped out by the explosion
yesterday.
Only q great gaping chasm marks
the scene OF tho initial explosion.
Five hundred bodies have been
Identified and hundreds OF others
found mutilated beyond recognition.
At LudwigshafeR the huge hos
pltal all the schools and many pub
lie buildings have been rcquisitioned
by the Red Cross.
one thousand bodies have been
extricated from the shattered ruins
about the synthetic nitrate plant OF
the Badische Aniline works near
Ludwigshafen which was destroyed.
together with the little town OF OPP
pau by a series OF terrific explosions
yesterday morning.
Scores OF Injured were taken from
wrockage far from the scene OF tho
original wreck but It was feared that
al those trapped in the fatal area
had been killed by poison fumes
which yesterday prevented rescue
work
pteous scenes were witnessed at
the cemetery at Mayence where
bodies Of nearly 200 dead were laid
out for Identification by relatives.
Investigation as TO the cause OF tho
explosion will be started at once.
Rumors blaming the Bolsheviki and
other enemies OF Germany for the
disaster we're current but were un-
confirmed.
The nrst explosion occurred at
7.3O yesterday morning while a
change OF shifts was under way. It
vas followed an instant later by an
other. more terrific. which actually
fitted the main factory building
from the ground. hurled chimneys.
machinery and men hundreds OF feet
into the air. completely buried and
Continued on Page Fourteen.
Evening journal., 1921-09-22
HOLD DOCTOR AS
SLAYER OF WIFE

RICHMOND. Va. Sept. "a
Omitted Press. Accepting the YER
dict OF coroner's jury which holds
him for the Staying OK his wife "as
a result OF being drugEed and
drowned by her husband" Or. Will
marth Amos Hadley today sits In
his cell in Henrico County jail ap-
parentiy undistrubcd By the latest
turn In his case His only comment
upon hearing the decision OF the
jurors. who deliberated only 25 min
utes after hearing one witness. Sher-
in Webb Syndor. who recited the de-
tails OF Hadley's confession. was Il
don't see that they had any other
course open TO them"
Thus far Hadley has not consulted
counsel and has made no request
that lawyer be sent to him. His
father who lives az Friendswood.
Texas. for whom Hadiey was waiting
before engaging counsel, has not
been heard from in more than two
weeks.
Evening journal., 1921-09-22
ARBUCKLE
COURT BEFORE
MANY WOMEN
Again Faces Preliminary
Charge of Killing Miss
Rappe
SHERMAN GIVES
UP IN NEW YORK

SAN FRANCISCO. Sept. % Omit
ed Press) Roscoe FATTY" Ar
buckle was to appear In the woman's
court here this afternoon for pre-
examination OF the charge
OF murder. His wife. Mlnta Durfee.
and her mother we're 70 be by his
side
Arbuckle was not to be put on the
stand today
A court room crowded with
women was to hear what promised
10 develop the most sensational tes-
timony heard in a San francisco
court for years. Judge Lazarus
ruled that women should be first ad-
mitted. and it was certain that no
men. outside OF the judge. jury. law
yers, court attaches and newspaper
men would find places.
Eighteen women from the vigil
Continued on PAGE Fourteen.
Evening journal., 1921-09-22
TAKE PERMIT FOR
HARB0R TERMINAL

The DUPONT Engineering Company
this morning. obtained permits from
Building Inspector Preston to erect
six buildings for the Board Of Har-
Dor Commissioners at the mouth OF
the Christiana River. to cost s532.-
$50. The buildings and cost Of each
is as follows: Marine corps shed.
s532.S20; pump and transformer
house. $1,000; yardmasters Office.
1000; booster pump house, 1920;
barracks and cafeteria, $4,000;
.coastwise cargo shed. $4,000. There
are to be quarters for 90 men in the
barracks;
other building permits issued were
as follows:
+. o. Barton, III West Twenty
third street. addition. 5000.
]. Norman Craig and II. L. Grubb.
stone retaining wall at 1O14-16-1s
West Sixth street. to cost s400; David
Comfy builder.
Joseph T. Maxwell. east side
Union street between Sixteenth and
Seventeenth streets. dwelling. to cost
$4,000.
Evening journal., 1921-09-22
AIRPLANE CARRIES
EMPLOYMENT APPEAL

PHILADELPHIA. Sept q Omitted
Press)-A delegation OF the Phiia-
deiphia Chamber OF Commerce left
by airplane this morning for WASH
ington. where they viii deliver to
President Harding a suggestion for
the solution OF the unemployment
situation.
The flight is IN connection with
the campaign being carried on BY
the indus'-iai relations COMMITTEES OF
the Chamber TO relieve the unem-
ployment situation here. flights
over the city to impress business.
commercial -- Industrial men with
tho situation have been going on