davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-11-26
Rise i'm Bonds
Feature of Day
In the Market
New High Level for Year Is
Reached by Three Main
COupss u. S. Issues
Strong; Stocks Higher

The Thanksgiving Day holiday led
- IN accumulation of buying power
Soy investment securities. and the up-
Surn In the bond market. which has
besn revolutjonizing values since Julv
yesterday gained fresh impetus. The
Tribune averages which measure the
trend of the market. SCARED to new
high levels for the year for railroad
public utility and industrial bonds.
United States Treasury issues were
especially sought
Behind the movement In the bond
market are familiar factors, which arc
becoming increasingly recognized For
almost two decades the trend Of bond
prices have been downward During
the war years and subsequently, in-
and destruction Of capital, tended to
drive up money rates TO ahnormallv
high peaks. making borrowing difficult
and expensive This was reelected in
sensationally depressed bond quota
tions. This year the trend of money
yates has been In the opposite direc-
tion. There has been credit easement.
The ratio Of reserves to deposits and
Federal Reserve nots liabilities COM
bincd of the Federal Reserve system
"a whole this week jumped to 72.3
per cent the highest In three years.
The passing of security interest rates,
actually accomplished and expected,
lies behind the eager rush to buy
bonds before they complete their
movement to more normal and, to the
buyer. less attractive levels.
In the stock market TOO, the trend
was toward moderately higher levels.
Leadership reposed with che raIls and
to lesser extent with the steel stocks.
Interest In the railroad shares was
Heightened by the favorable showing
made by the roads whose October
earnings statements have thus far
been made public. Buying Of steels
was accompanied by reports of an in
creased effective demand for equip
nent by the carriers.
With the exception of Swiss francs
and Dutch guilders, the European ex-
changes turned easier yesterday The
enthusiasm created by the sentimental
effect Of Secretary Hughes's proposals
for the limitation of armament has
not persisted during later discussions.
Cotton prices reacted 81 to IS points,
but wheat quotations, despite extensive
profit taking operations, retained
gains of ia cents a bushel.
New-York tribune., 1921-11-26
In Wall Street
Railroad Financing

In thu opinion Of railroad bank
ers. comparatively little new railroad
financing Ia in sight apart from that
which has Co do with the refunding OF
maturing obligations. Within three
months the Southern Railway, Erie and
Oregon Short Line all have small
maturities which are expected to be
taken care of through the fotation Of
new issues. Conditions have undergone
such change In the investment mar
ket and in the railroad world recently,
bankers pointed out, that some Of the
roads of second-class credit could prob
ably arrange financing on favorable
basis, IL necessary. Little such busi-
ness. however, appears to be In pros
mart
New-York tribune., 1921-11-26
Davidson Chemical Reacts

Davidson Chemical, after touch! ng
new high price FOR the year ysster-
day at 59ss, reacted sharply undez
profit taking and short selling by
traders who argued that the sersa-
tional advance Of the past few days
had gone far enough. The Davidson
Sulphur s Phosphate Company has
nearly S2.O00.O0O Of convertible gold
G per cent oonds which are convert
ible up to March I. 1922, into STOCK
Of the Chemical Company up to $50
a share. Traders argued that once
was a good time TO sell OF the posi-
bility of g considerable increase in
the outstanding share capital through
the conversion of these bonds.
New-York tribune., 1921-11-26
Cerro De Pa.co Ss

Ccrro dc Pasco convertible 5s can be oon-
sidered a good investment az II or more,
considering that they are caliable at lc5 =?
will not be called or that tho stock will go
up7-L. l.. K.
Answer-Tt is the chance that Cerro
de Pasco bonds will not be called and
that stocks will go up which makes
the bonds an attractive investment, in
our opinion. You understand that even
if the bonds should be called you
would still have the privilege of con-
yerting them into stock instead OF sur
rendering them for s105 cash per 800
face value of bonds.
New-York tribune., 1921-11-26
MEXICAN Petroleum,

Recent efforts to dcpress the price
Of Mexican Petroleum have been dis
couraging to the bears and yesterday
Il covering movement was started, and
helped along by reports that directors
of the company will meet in the near
future and declare the regular quar-
terly dividends on the common stock.
According to Street gossip prominent
operator has put out new line Of
short stock and in so doing secured
substantial following. The stock at
no time yesterday showed any weak
ness and every time the shorts started
to cover they bid the price up quickly.
New-York tribune., 1921-11-26
The NewcomaYs

Carson Hill Cold Mining and TEXAS
Gulf Sulphur were two newcomers to
the Stock Exchange yesterday, their
shares having been listed late Wednes-
day. Texas Gulf Sulphur WAS the
more active OF the two issues. the
stock under the stimulus of sub
stantial buying movement advancing
to 80 compared with 1914 the last sale
on the Curb Exchange. Carson Hill
also was higher. the last sale being
at 15A, against 14%, the closing price
on the Boston Stock Exchange Wed
ncsday.
New-York tribune., 1921-11-26
Some Past Mistakes

Question--Jovor since it's issus I have
had $1,000 OF the first ga Liberty ponds,
other Liberty issues. do not enjoy an
Income that makes the tax features OF the
" per cent bond OF any consequences. and
It has occurred to mr. that trst now would
bo an opportune time 70 exchange tho 81
for something giving larger return. /
had in mind either the hrst or fourth Az
Liberty. all three being about the esme
price. AS an alternative, would Hike your
suggestion OF two or three highly secured
other bonds which might return say, bs
to 9 per cent--not foreign governs nnlents,
I have been very unfortunate. or stupid, or
III advised In several efforts to invest my
nodest savings; for example. an original
st. Paul preferred. Rumeiy preferrod. Cuba
Cane Sugar preferrsd and Intcrborough
Rapid Transit per cont bond. sll very
highly recommended st the trno Of pur
chsso; 90. you see. have not much con-
idenco In MY own picking ability that
Of past advisers. Al of these except tho
what thought at this time expert
advice. < not. yet, dependent on
Income from Investments. but may not es
far from time when this VIII be i'm
portant---L. @. n. A.
Answer-For man not subject 20
income taxes, an exchange Of first Lib
erty s1as for the fourth ANS 10 good
exchange, va think. We also suggest
Federal Farm Loan bonds, which can
be bought TO yield around 8 per cent
TO 51a per cent. Tho Federal Farm
Loan bonds. bearing per cent, due
1889, wero recently quoted at S8& bid,
99A asked, and tho first Joint Stock
Land Bank 5s of Chicago, due 1897,
we're selling around %. Louisville g..
Nashville secured z per cent notes, due
1880, recently selling at l0o1z. yielding
SIT per cent if held TO maturity, ana
Norfolk & Western divisional first lien
and general 4s, due 1s4a, recently sell,
ing at 7s1s, yielding $50 per cent If
held to maturity, both meet your rigid
requirements, we think. We would ad--
wise selling the ST. Paul preferred and
Rumely preferred. netwithstanding the
loss which you would face. and invest
ing in high grade bonds. On the other
hand, we would advise holding the In
terborough Rapid Transit s per cent
bond, We think that there Is a good
chance that there will be no loss OF
principal or interest, in ths long ran
on this bond
New-York tribune., 1921-11-26
Regular Mex. Pete. Dividend
Special Dispatch to rhs r~xs~~s

LOS ANGELES. Nov. 2b.-The regi-
lar dividend Of l2 per cent 90 the COM
mon and 8 per cent on the preferred
stock was declared by the Mexican
Petroleum Company at the meeting OF
its directors to-day in New York Th.s
will be payable January and 2 re-
spectively for stockholders of record
as Of December II. This information
IS given out by the Los Angeles of,ica
on tho basis Of its telegraphic report
New-York tribune., 1921-11-26
New Pierce Oil Contract

Announcement was made yesterday
that the Pierce Oil Corporation has
closed contract with the Interna-
tional Petroleum Company of Maine
for $500 barrels of crude oil daily,
and another with the Continental Mexi-
can Oil Company for 5000 barrels.
These contracts are understood to be
part of the company's policy for se-
curing greater production for its re-
6nsriaR.
New-York tribune., 1921-11-26
The Dollar in Foreign Exchange

Foreign exchange rates ruled easy in
general yesterday. although Swiss
francs and Dutch guilders developed
strength, the former again crossing
the i9-cent level. Guilders advanced
to within a fraction of SO cents.
Cable rates on London fell back %
of q cent below Wednesdays closing
price to $500. French francs broke Z
cents to 690. equal to the low Of the
last several months.
New-York tribune., 1921-11-26
Closing stock quotations.:
Paris Market Heavy

PARIS, Nov 25.-prtces we're heavy
on the Bourse to-day. Three per cent
rentes, 81 francs 80 centimcs: exchange
on London. 81 francs II centimes;
per cent loan, so francs 20 centimes. The
dollar was quoted at Il francs 28
confines.
New-York tribune., 1921-11-26
Investment
Information,

Qnssf4oms Of general interest TO IN
pastors wiu be ansaoered IN thas COZ.
umn, In schioh case only snttiats sca1i
be- used. Others Will be amsWe rcd oy
mail. Addrsss all inquiries, sr'oiee'
ing a stonped, nddresscd enveiope, to
Financial Editor. The Tribune, lS|
Nassau Street, New York Csty.
New-York tribune., 1921-11-26
High Yields and Short Terms


Questton-From time to time have a
few hundred dollars which woults like 20
invest so as 10 get higher return than
the bank pays Have 81. 900 In the savings
Liberty bonds. mostly Victories. Am ,h,r-
ty-hve. married. one child. own my home
and carry ample life insurance. Would
you advise to draw some money from the
bank and invest in bonds to get higher
returnY Would like some bonds that run
not longer than twenty hve years. are safe
az to principal and interest and bring a
high return az possible. In your paper
notice some short-term securities that
yield well, wem abovs .t per cont; would you
sell them again. care little for mariseta-
bilty If ! could obtain higher Yield. as
long as the principal and interest are paid
in cash when due viii Interest coupons
be cashed at nay bank? Last July (
bought twenty shares preferred stock of
dividends payable quarterly. but on Octo-
ber / did not see any dividend nor have
! heard anything from the company.
poration and It's financial standing? Did
II pass Its dividend What do you think
about Adirondack Power and Light Corpo-
ration per sent preferred stock ?-E. II. II.
Answer-We would not advise g.
man in your position to invest In
stock. You say yourself that what you
interest payments and the payment Of
principal when due. This is character
istic of q good bond, but not of stock.
on which, in the first place, there is
no due date for Che principal Short
term securities can be bought which
yield over per cent and have a high
degree of security of principal and in
terest. we think We suggest Humble
Oh Is, due 1923, recently selling
around 99A; Kennecott Copper Is,
rae 1880, recently selling around e9%
Copper Export Association 8 per cent
notes due serially, the series due in
1924, recently sold around 1925 and
Solvay ct Gle IS. due 1927, recently
selling around 1903, at which price they
yield 7.35 per cent if held to maturity
Your interest coupons on any of these
bonds would be cashed at your bank.
New-York tribune., 1921-11-26
London Market Quiet

LONDON. November 25.-Trsdiag
was quiet on the Stock Exchange to-
day. Bar gold 102s lid. Money ga
per cent. Discount rates: short bills
3M per cent; three months bills
1916 per cent.
Closing stock quotations.
New-York tribune., 1921-11-26

Bank Clearings Bank clearings at
New York yesterday were: Exchanges,
$734 900 900; balance, s76, 100000.
Silver - London. 37ssd; New York,
domestic bar, 99ssc; foreign, 66ac;
Mexican dollars. 50Xc.
New-York tribune., 1921-11-26

Bid. Asked.
Adams EXP. &e 70
A Bk Note ~ 20 teh5
AM Coal .. rs -
AN Cot Oh pr 40 ts
Am Express .l25 i2a
Am Malt & @ IA liH
Am SNUFF los i07 III
DO pr 49,. IS 81
Am w WIS. Ga
10 7 20 pr 6S 65%
Ann Arbor =. s -
do pr .... 70 Is
Ar M@als. .. llM i5
Atlantic Ref. ESQ 9T0
DO pr lips llSk
Atlas Tack .. IL l5%
Austin Nichols loA |
do W ..... "a 6sH
Auto Sales Co sA Sx
DO pr ....- II 19
Barnett Lea. SIS IS
DO pr ...., II 06
Dsa.ssiall -. ~ 34A
F;eth Steel pr a0is -
do 5 pc Dr. r.l03n le5
Blxn Edison. =. 345a eeiz
Buff & Sus.. rs
do pr ..... 80 b4A
Burns Bra pr.losH lIS
Can Southern. sAH -
Case J l ur.. rs 10
Case Plow :. 39s 4
Certsinteod -. so SO
do lst pr. .. 80
c & Ait pr. "a Il
G d n w Or 1903 los
G 8 P Nj & 0 81 "a
CCC& s L pr 6s rs
CT & Pitts. 62A -
Cluett Pea pr S534 -
c & s LIST pr 81 So
do I'd pr. 52h sSn
Cont Can pr. 50 in4
Cont Ins Co. 81 Gs
Crex Carpet. .. 80 80
Gu Am Su pr "a so
De Beers 80. Is I51;
Deere Co pr. 62 81
Det Edison. E. 81 100
Dot Tn RI. - e4%
Durham Hos. - Sc
do pr .... sS4 95
East Kodak. $50 roo
do pr ....-l04E
Elkhorn c pr. 81 50
Fm Brant g.. 3H .
Fairbanks 80. Is e2
Fed M 81 s. S3a 10
Fisher BY pr.l62 10
Gen Cigar pr 95 100
Giililand o pr 35
Goodrich pr. 10 elS
G M * n rr lSA 20
Hartman Corp IL SO
III Central | 81
! NJ T ID pr 81 81
Int Nickel pr 6Th 10
int Paper Or % 100
Int Salt -. so -
kayser J -. rs SIS
do lSt pr. 100 10
KAly spr ~ 81 %
New-York tribune., 1921-11-26
Bid and Asked

Following are the closing bid and
asked quotations of stocks listed on the
Stock Exchange in which there were
no transactions yesterday:
New-York tribune., 1921-11-26
Advance In Rails a Feature

The convincing manner In which che
railroad stocks advanced yesterday was
attributed to the favorable October
reports thus far published. These indi-
cate that the majority of roads will
show the largest net revenues since
their return to private ownership.
In this connection, however, the Street
seemed to lose sight Of the fact that
in 1924 the carriers at their best can
earn little more than their fixed
charges but this does not apply to
particular properties, particularly
those that were most active In yester-
days market. These included Union
Pacific, Southern Pacific, Colorado &
Southern. Atchison and Illinois Cen
tral. Colorado & Southern led ths
lower priced rails with an advance
Of 3R points to 46A. The Burlington
owns a controlling interest In this
company and the Street is talking a
lot about Colorado & Southern cash
dividend when directors meet early In
December. This would fit in with the
reports concerning Burlington extra
dividend. The Trinity & Brazos Rail-
road, subsidiary of the Colorado s.
Southern, runs through the heart of
the new Mexia oil pool. and is looked
upon as a lucrative source Of revenue.
New-York tribune., 1921-11-26
Copper Improvement Continues

In the copper market the demand
continues to be for forward copper,
very little metal for prompt shipment
being sold. Some large sized tonnages
have been sold as far ahead as next
June, and at prices that were being
quoted for first quarter delivery, 1859
to i3ssc. a pound delivered. Accord
ing 20 "The Engineering and Mining
Journal one producer has expressed
himself as being willing to consider
sales for the entire year 1922. "sev-
eral consumers" this publication states,
"have availed themselves Of this op-.
portunity to procure copper at the
present attractive prices. No doubt
the gradual advance In copper prices
which began few weeks ago has In
duced many manufacturers to come
into the market now TO FIJI require
ments, rather than TO risk possibility
of being unable to obtain satisfactory
tonnages at some future date. The
larger producers have kept consist
emily above the market, but have SEEM
ngly had no difficulty in transacting
business. Sales of copper have been
SO large for the first three weeks Of
this month that already it begins to
appear that the 14o.ooo,ooo pounds sold
in October will be handily eclipsed in
November" The improvement in the
copper market has led to talk of
resumption of mining operations, but
ii is still believed too early to take
such q step.
New-York tribune., 1921-11-26
Binding Government Gusrant.es

Quesrion--Will you please be good enough
to advise why Grand Trunk 6s OF 1895 and
Province OF Ontario 6s. recently issued,
should not be selling at tho same price :?
The Grand Trunks have only reached es
and the Province of Ontario have gone
over 100. and they are both 6s and prac-
tioaily the Same guaranty is back Of them
both. Why shouldn't tho Grand Trunks
be up to 100? Am I correct In my under
standing that II tho Grand Trunk Railway
does not earn interest charges on these
bonds the Canadian government must pay
them as we'll as pay the bonds when due
II ths Grand Trunk defauIts7 ! have a
81. 900 Grand Trunk bond and canno.
afford TO have them go wrong In any
respect. and do you consider them as safe
as q bond can be safer II you consider
best l could sell same and reinvest In an
other bond that you might consider safe.
but do not want to do Il unless you think
the Grand Trunk not as safe as bond can
possibly bel. A. l..
Answer-You are correct IN your
statement that the Grand Trunk Rail.
way does not earn its interest charges,
but that the Canadian government has
oigated itself TO q guaranty which. In
our opinion, is just as binding as that
Of the Province Of Ontario bonds, to
pay both principal and interest of the
Crank Trunk 6s. We would rate them
among the high-grade safe investments.
New-York tribune., 1921-11-26
Money and Credit

The money market on the Stcck
Exchange showed no change yesterday.
The renewal rate for call money was
5 per cent but funds could be obtained
later In the day st Az per cent
Year
New-York tribune., 1921-11-26
Transactions Yesterday i'm Listed Stocks
Summary of Stock Exchange Dealings

Copyright 1891 Tribune rna}
tack
The Cordova daily times., 1921-08-11
American League

At Boston 4, Detroit s.
 At Philadelphia 9, Cleveland 5. At New York IA, Chicago s. At Washington 2. St. Louis 5.
The Cordova daily times., 1921-08-11
P.-I. League Will Finish Season
(By Assoclated Press(

TACOMA, Aug. II. - Rumors that the Pacific International baseball league was on its last legs were de- nied here recently by Louis H. Bur nett, Tacoma, president of the or ganization. The league will play out it's full schedule. which concludes on Labor Day.
 "I wish to dispel these rumors," MT. Burnett said. flor I am sure they do the league no good. Let me state am positive every club on the cir cult will finish with colors flying.
 There have been several trying places. but everything is smoothed over and the crucial points past. Jack Rithet. the Victoria club packer, lost considerable this year but is going through. The Tacoma club is in good shape, Vancouver will go through because Bob Brown it's man. ager. is good business man, and Yakima, the fourth club, is in good condition"
The Cordova daily times., 1921-08-11
THE WOODS By DOUGLAS MALLOCH
THE PASSENGER PIGEONS.

NTHERE roam ye now. ye nomads W of the air? The old-time heralds of our old time Springs? Once, when we heard the thunder of your wings, We looked upon the world-and Spring was there One time your armies swept across the sky, Your feathered millions in Il mighty march Filling with life and music all the arch Where now a lonely swallow futters by. Where roam ye now, ye nomads of the air7 In what far land? What undiscov- cred placer Ye may have found the refuge of the race That mortals visit but in dream and prayer. Perhaps in some blest land ye wing your flight. Now undisturbed by murder and by greed. And thers await the coming of the freed wns shall spsrge. iiks ys. from earth aSl4 Fktahk
The Cordova daily times., 1921-08-11
BUSINESS DIRECTORY

Progressive Merchants and Professional Men Who Ad- vertise in the Cordova Daily Times
The Cordova daily times., 1921-08-11

n you change your address. do not nottfy tho carrier boy-<sport ysar rsv sadrsss te ths sak1es.
The Cordova daily times., 1921-08-11
Boston Temple
 Bars Fight Films
(By International News servIc

BOSTON, Aug. 11-Motion pie lures of the Dempsey Carpenter prize fight at Jersey city will not be allowed to be shown in Fremont Temple. according to the decision of the trustees of that church. This means that the church will lose about 5000 that, it is said, could be made by showing the film.
The Cordova daily times., 1921-08-11
WOMAN TENNIS PLAYER TELLS
 HOW DONE
(By International News Service)

(By International News Service)
 PARIS. Aug. 1l.--Mlle Susanne Lenglen, worlds champion women's singles tennis player, speaks English almost as we'll as she plays tennis.
 She is a typical Frenchwoman, tall and graceful, with d wonderful car riage and pleasant personality. She radiates vitality. When asked to tell the women tennis players of America how she manages to keep so wonder fully fit she volunteered readily. -
 "To play tennis we'll" said Mile Lenglen, one must be in perfect physical condition. It also follows ;hGt 1T you are cot in perfect cond. ton you cannot play well,
 Skipping and running are good exercises, but they should not be kept on for too long a period Leave off just before you are getting short of breath
 But above all things one must become supple attribute what agility posses t0 doing Lieutenant Mullcr's exercises. Never a day passe sbut what take thU,a excr. ctses-somctimes in the mornlAr. sometimes in the evening and some times both.
 There is no necessity to strain oneself; five to ten minutes will suffice to keep anyone supple and in good condition.
 "lf a girl came to me and asked me how to start tennis I should tell her to take Muller's exercises every day and never forget them. Then do some skipping and high kicking.
 VALUE OF THE TOES
 When on the courts keep on the toes all the time. It is surprising how many people keep to the flat of their feet or on their heels when playing tennis
 Tt is a fatal mistake. for one can never start quickly other than from the toes. Those people who will not heed this advice will discover that they are always just too late for the ball.
 After the pupil has mastered these highly important matters and has become much more supple than she was before she started she should learn to hold her racquet properly.
 There is only one way to do this Grip the end of the handle firmly in the playing hand and keep the grip on when play stroke.
 Always cultivate the follow through in a stroke much in the same way as in driving at golf or at billiards. Don't work from the el. bow, but use the whole of the arm when making a stroke Then the back-hand and volley will be learned easily.
 And here is another point which is priceless. Keep your eyes on the ball. Anticipate where it is going to pitch, and be there to meet it. Never let the ball out of your sight Watch it every fraction of second and keep on your toes ready to speed after it.
 "lf the student will keep these hints in mind she will have some thing material to go on. The rest is matter of practic and the de. velopment of the instinct of knowing where the ball is going to pitch.
 But above all things she should not forget her Muller exercises, for they are all-important."
 Note-The Muller exercises are gymnastic exercises similar to those taught in America for physical de. velopmenU.