davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-06-22
Ontario Decides
Against Loan Here:
To Borrow Later
High Rates Keep Province
Out of Market at Pres
ent; May Have to Raise
Money at Home i'm Fall
Special Dispatch to The Tribune

MONIREAL, June 21.-Financial of
fcials of the Province of Ontario have
decided definitely against making the
proposed $22,oOO,oO0 provincial loan in
New York at the present time.
Negotiations in Wall Street were not
fruitful, but it was with regret that
the plans were withdrawn for the pres
ent time. 1t is said, however, that the
province will make a strong endeavor
to have the loan foated in New York
next autumn, when it is hoped that the
securities market there will be less
oVerburdened with new issues.
During the negotiations carried on
by the agents for the province, it was
found that the loan could be placed in
New York now. but it would be neces-
sary to pay much higher rates than
were believed reasonable. 1t was
pointed out that the best offer that
could be procured was for the issue on
a basis costing the province in excess Of
71a per cent When negotiations for
the loan were opened it was hoped
that the new money could be secured
at much less, probably 61a per cent.
1t is certain, however, that the province
will have to come into the money mar
ket early in the fall and, if g. more
satisfactory market cannot be found in
New York, it may be necessary to at
tempt domestic fotation.
Up to the present time no decision
has been reached by the Dominion
Finance Department at Ottawa con-
cerning the refunding of the $15,000,-
600 of securities which mature in New
York on August /. It is understood
that the government is lowering be-
tween misunderstanding of an en-
tirely new loan for at least S40,000,0O0
and the second is for retiring the
August l maturity through gold ship
ment, as was done in the case of the
maturity few months ago for $685.
100000.
Financial authorities here who are
usually well posted as regards these
plans are of the opinion that should
the government be able to place new
securities in Wall Street at satisfac-
tory interest rates the former plan
will be followed, and should such
plan not be feasible the direct retire
ment of the coming maturity will be
considered. Such method is not
generally favored, however, in view of
its temporary nature and the fact that
the Government is badly in need Of
new money this year and eventually
will have to go into the market with
new securities to considerable
amount
New-York tribune., 1921-06-22
Financial Items

A copartnership has been formed under
the firm name of Colgate & Cox for the
transaction of a general investment bond
business, with offices at Ill Broadway.
The partners of this concern consist OF
Craig Colgate, formerly senior partner Of
Colgate, Parker & Co., and Gerard Hutch
inson Cox. formerly partner of Brown,
Green g. Co.
Herman r. schoeler formerly OF the
Bankers Trust Company and more recently
with Glidden. Davidg- & Co., has Joined the
bond department OF r. J. Ltsman & Co.
T. B. MacIcan. assistant actuary OF the
Mutual Life Insurance Company OF New
York. is to give a fun year course in life
Insurance neat year at Columbia Untver-
sity. The course Ia designed especially for
men IN the insurance business.
The Equitable Trust Company or New
York Is now prepared TO exchange Atlantic
Refining Company ten-year 6h per cent
gold debenture iaterim certificates for de-
fnittve debrntures at its trust depar artIneut,
81 Wall Street
The Guaranty Trust Company of New
York has been appointed transfer agent and
registrar OF stock Of the Harris Colonaade
CORPORATION
New-York tribune., 1921-06-22
Mexican Bonds a Gamble

Question--WiN you kindly advise by
mail of the status of the Mexican external
been defaulted for the last five years? Are
they a good speculative buy reasonably
safe if a man is willing to buy and play
a waiting game Are they payable in ster-
ling or United States coin?--G. c.
Answer-There are two Mexican ex-
ternal loans actively traded on the New
York Stock Exchange-the gold loan 4s,
1854, and the consolidated external
gold loan 5s, 1945. Both interest and
sinking funds are in arrears since
1914. There are outstanding S37,037 500
of the 4s and $4S, S,292,7l1 of the 5s. The
As were issued in dollars, pounds,
French francs and marks and the 5s in
dollars, pounds and marks. Both are
payable in dollars, or if payable abroad
at the mint par of the foreign cur
rency in dollars. They are free from
all Mexican taxes. The bonds are as
good as Mexican credit, which at pres
ent IS decidedly bad, and their selling
price represents gamble on the
future willingness and ability of the
Mexican government and people to paw.
There is about 35 per cent interest ac-
crued on the SIS and % per cent on the
4s, so at recent prices one would
be buying the principal at about ii and
10, respectively. The bonds have had
a rise since the change of administra-
ton at Washington, possibly on the
theory that more progress will be made
in Strengthening out our tangled rela-
tions with the Latin republic. The
situation is highly complicated and af-
fected by many factors, including
Mexico's economic prostration, diplo-
matte and political considerations, and
possibly by the fact that her govern
ment and people hate and distrust the
Americans.
New-York tribune., 1921-06-22
Days Dealings in Bonds
The Market

Some of the more speculative bonds
exhibited sagg:ng tendency yesterday,
although the prime investment bonds
held UP remarkably well and In many
cases closed higher. Pennsylvania
Railroad Us. for example, moved from
l0l 20 io1A, while T.. S. Steel sinking
fund 5s Mt s4A closed II up from the
days low. A more cheerful feeling
pervaded the investment market, prob
ably because Of the lifting of the
pressure from stocks. The volume of
business in the market, however. con-
tinues greatly restricted, with dealers
looking for marked Improvement in
tone once the stock market gets over Its
attack of nervous chills. In the foreign
government group yesterday the gyra-
tions of the Mexican government ex-
ternals created some excitement. The
IS, after opening at az rose buoyantly
TO as. These bonds have been inter.
mittently strong on the prospects OF
recognition of the Obreg6n regime at
Mexico City.
New-York tribune., 1921-06-22
Purchase Hardly Affects Bonds

Question-The newspapers state that the
Union Pacific has secured complete control
of the Los Angeles & Salt Lake Railroad
from ex-senator Clark and others ,n ex-
change for bonds held by the Union Pa
cific, including .1450o.o ooo Oregon & WASH
ington Railroad and Navigation first and
refunding per cent bonds. whcih issue is
guaranteed by the Union Pacific and untii
now had been held in the Union Pacific
treasury. VIII this in any way affect the
rating Of the Oregon & Washington Rail
road on bonds ?-L. 3. ".
Answer - Oregon Washington Rail-
road and Navigation first and refund
ing 4s will not be affected, presum-
ably, by the fact that Senator Clark
took si4,5o0, 900 OF them in part pay
ment for his interest in the Los An
geles & Salt Lake. Indirectly and
somewhat theoretically the purchase of
the entire Los Angeles & Salt Lake
property may affect in the long run
the value OF all Union Pacific bonds,
in so far as it affects the general
credit of the company,
New-York tribune., 1921-06-22
concerns to Consolidate

The Liberty Industrial Corporation.
an adjunct OF the New York Trust
Company, announced yesterday that
negotiations looking toward the cor
soiidatlon of group of TWENTY-FIVE
prominenr chair manufacturing com
panies pa have been practically completed.
l ne plan Tor merger has already been
agreed upon subject 20 the completion
OF the fiaal audits and appraisals of thu
dinerent properties now being made.
A new holding company will be formed
with capital OF about SIS, GOO 900.
CnAlr manufacturing companies in.
various parts of the country are irs-
volved in the projected merger and
according TO the plan new financing
viii be necessary. Three classes Of
securities will be issued by the new
holding company to be given the own
ers of the units going into the console
dation.
New-York tribune., 1921-06-22
Desires Z to s Per Cent


Question-Will you be good enough to
recommend comparatively safe bonds
yielding Z per cent to per cent, in the
industrial, railway and foreign government
helds in $500 denominations MY list in
cludes Liberty and public utilities
want to diversity on my next purchase.
other you have so conducted your column
as TO gain my confidence in way that no
other service has.--G. C. u.
Answer-The following is a list of
good. grade bonds yielding between Z
and 8per cent: Kingdom of Norway IS.
due 1910; Kingdom of Denmark IS, due
1915; New York Central debenture IS,
due 1925; Union Pacific convertible 4s,
due 1927; Northern Pacific Great
Northern joint 6hs convertible into
Great Northern rs at par, General
Electric 5s, due 1862, and Northern
States Power first refunding 5s.
New-York tribune., 1921-06-22
Days Neau Issues

A syndicate consisting of the Guar.
anty Company of New York, the Bank
ers Trust Company, E. II. Rollins &
Sons, Halsey, Stuart e. Co, Ames.
Emerich & Co, Stacy & Braun and
Marshall Field, Glore & Ward was yes
terday awarded an issue OF s7,93s, 900
of 4 per cent serial bonds of the City
of Chicago on bid of 92.34T. The
bonds mature from 1922 to 1928 and
win probably be offered for sale on
about 6 per cent basis. Another syn
dicate of New York and Chicago houses
bid 92.287 for the loan.
The City of Milwaukee offered
s2,850.0o0 of one to twenty year serial
51a per cent bonds yesterday, but only
one bid was received, whiIli was re-
jected because the bonds could be sold
only at par or better. 1t is expected
the issue will be changed to 6s and
readvertised for sale at later date.
A syndicate composed of Bond g.
Goodwin and Tucker, Inc, of San Fran
cisco; Bond & Goodwin and Blyth. Wit
ter & Co., of New York, IS offering
s3,5o0,o00 Lo Angeles Gas and Electric
Corporation general and refunding
New-York tribune., 1921-06-22

The Tribune prints each dcv the mo-
turity dates of oil Gctipc bonds quoted
on the New York Stock Exchanges. The
return on bond to the anpestor depends
upon three factors: the rate of interest
the security bears, the market price
cnd the distance of the maturity date
To figure the precise yield on bond it
IS necessary TO use yield tables. bat the
approximate yield can roughly be figured
out by the }otio,eing formula Divide
the closing quotation o., bond into
the rate OF interest it pays, and the re-
suit tciH be the anauaJ return If the
bond is selling beloW par you must
olloto also for the appreciation OF tbs
principal. To do this subtract the mar
ket quotation from par. or 10o and di-
vide the remainder on the number Of
years the bond has to ra&n before mo-
turity. For Example, if per cent
bond Is selling at 90 and has ten years
TO run, the annual return t0iIt be 6.6S
per cent. The difference between par
and the market price eeilI be 10 points,
subtracting 90 from 100. Dividing ten
points by ten yeara, the quotie4t miu be
l. This figure is to be added to $40,
sohteh is the annual retitrn, and the re.
s'tit IS 700 per cent, l0ilI give yoa the
GpgYeTimGts gielG.
New-York tribune., 1921-06-22
Plan Is Approved

The American Telephone and Tels-
graph Company announced yesterday
that the allowance Of per cent on ad-
vance payments received as of June 6
and 20 upoa subscriptions. due July 20,
Tor the eompany's new stock Issue, has
met with the approval of stockholders.
subscriptions to date have been re-
eeived for over SO. 500, 600 from more
than 10000 stockholders. Arrangements
have been made by the company To al.
low interest at the rate of s per eent on
payments due July 20 received after
June 20 and before July /,
New-York tribune., 1921-06-22
Investment
Information

Questions Of general interest &, in
0esfors anil be aasieered in shis cot
sSn'h, IN (which case only snttio,s ,ciil
0e used. Othe,s scsil be aaswered bp
matt Address oil inquiries, inclos
tsg q stamped, addressed envslops, to
tAoncsdt Editor, The Tribune, 1s4
Nassoa Street, Nesc York CITY.
New-York tribune., 1921-06-22
Bet the Wrong Way, That's All

Questton-Some time ago I was advised
to buy Callahan Zinc. Lead and Smelling
and 1 bought 500 shares at 81 a share. It
Is now selling below So a share Would
you advise rae to hold my stock, or sell
and invest in something else PA. H.
Answer-Your Callahan stock Is too
speculative for US to advise you about
buying or selling it. You bet the
wrong way, that is all. Did you ever
try selling short? Do not take advice
from casual tipsters.
New-York tribune., 1921-06-22
London Metal Market

LONDON, June 21.-Standard cop
per, spot G7o los; futures, s7o 12s Cd
Electrolytic, spot s75; futures, &77
Tin, spot s164 12s Cd; futures, 9l67 Is
Cd. Lead, spot s21 15s; futures, 921
12s cd. Zinc, spot e26 los; futures,
cot.
New-York tribune., 1921-06-22
Bid and Asked

Following are the closing bid and
asked quotations of stocks listed on the
stock Exchange in which there were
no transactions vesterdav
New-York tribune., 1921-06-22

mortgage per cent gold bonds series
3d." dated June l, 1921, and due June /,
1881. The offering price is 971a to
yield more than 7.35 per cent.
New-York tribune., 1921-06-22

Four full columns Of in
rcstnent questions and ara
s,cers are published Iva The
Tribune erery Sunday.
New-York tribune., 1921-06-22

No 4 %
i 80, 7oN
Chi & Alt
s Ms 1850
j .,.. 81
c B 81 @ gn
2 2 .... 75M
. 49,. rs
Joint 4s 1924
Z 80. $3.50
registered
i -. 1880
Ill 8 rs 1s4sI
8 80. 69h |
c CT West Isl
1883 |
3 ..., a. |
New-York tribune., 1921-06-22

Dominican r
So 1853
! 500. 79
Dom Can 8 AS
notes 1921
a 4Q6L
New-York tribune., 1921-06-22
K OF Denmark
"a 1QAS

3 go. ssK N Y City 4hs
S 80. 50 1857 Nav
X OF Italy ssn
s 1as ser A Novemhsr
1925 an
% 49, se& AIS 1856
K of Norway Q s7y
IS 1S4e As 1883
1 lee 10 - 7sn
New-York tribune., 1921-06-22

Sucauon--Would you advise seizing the
ie1 S unity described In the inclosed leaf
20 oy retired officer who has no means
OF ascertaining how sound the sehsme q; 80
financially g-C. f. a.
The Cordova daily times., 1921-07-22
KUHD WUKk OlV EYAK PROJECT
 STARTS SOON

The Cordova Chamber of Commerce is in receipt of a communication from C. A. Cheatham, senior high way engineer, bureau of public roads, in which he says he is highly inter- ested in the Eyak boulevard and the work will be prosecuted to the best interests of the local residents and others concerned, and adds:
 We expect to have a man in Cor. dova very shortly who will start the construction work and survey the Cor dova. Eyak lake project. While our funds for this matter are rather linn lted it is hoped to get the construc- ton to q point mentioned by some of the residents as a suitable place for a park or picnic grounds; also to get location survey made to the ra- dio station preparatory to completing the project as soon as congress makes additional appropriations"
The Cordova daily times., 1921-07-22
RELEASED MURDERER
 MAKES PROMISE GOOD

By International News Servicc)
 LITTLE ROCK, Ark, July %. - Conscience has driven Sam Payne, former city marshal at Walnut Ridge, back to his cell in the Arkansas state prison. where he will spend the rest of his life unless granted gub- crnatorial rerrieve. Payne escaped from the state prison farm eighteen months ago after being sentenced to life Imprisonment for murder.
 Weary of the life of a fugitive, the mOuntaincer convict walked into Governor McRac's office, introduced himself and told the chief executive that he was ready to go back behind the bars. In surrendering he was keeping a promise to officers at Wal nut Ridge, who "pinched" him when he came down out of the mountains to visit his wife. who was critically ill He would go to the state prison and give himself up. he said, if per mitted to stay q few days unmolested with his wife.
The Cordova daily times., 1921-07-22
BUT USE1S SOHf IN SQUIRTING
 MINIATURES
tBy International News service)

tBy International News service)
 ST LOUIS, Mo, July 22.-Through efforts of a group of local school chil- dren to obtain sufficient funds with which to erect a statue in memory of St. Louis war dead, the artistry of sculpturing has been brought out in Roy Joseph Paul, who has amazed his parents with an unusual talent for carving statuettes from large cakes of soap.
 The youngsters ability as a sculp- tor seems to have been extemporane. ous. After watching the work of Mrs. Caroline Risque Janis, designer, while carving statuettes the lad went to his home, went into solitude and emerged two hours later with row of remarkably well-finished statuettes.
 The slender, brown-eyed boy is a dancer singer and elocutionist. In these lines he has for several months attracted considerable attention in St, Louis schools.
 Coincident with his newtfound abil. ity to carve things, Roy announces that his father is also an artist" His male parent is a barber
 So interested are St. Louis artists in the future of the "boy sculptor that Mrs. Janis has taken him under her tutelage and will instruct him throughout the summer.
 Fame comes quickly Roy de clares. "Tve already made the moy. ics A news weekly man came out here and snapped me carving statu- cites from soap.
The Cordova daily times., 1921-07-22
HAPPENINGS UF = LOCAL INTEREST
 AROUND TOWN

Myer Blum returned on this after noon's train from business trip to Mccarthy and Chitina.
 The freighter Juneau is in port and will leave tomorrow on her south bound trap with cargo of copper ore
 A movement is on foot to arrange m excursion to Chitina, with a side trip by automobile over the govern ment trail to Copper Center.
 A special meeting of the Bills Club will be held tomorrow night at 9:30 o'clock and as business of importance will be considered all members are requested to be present.
 n. Loop, reporter for Bradstreets, is spending week in Cordoya. Speaking of conditions throughout Alaska he stated that while business generally is quiet the merchants are in much better shape than those in the states.
 Tonights meeting at the city hall for the purpose of effecting an organ ization to take charge of the Labor Day celebration. will be held at 7:3O o'clock. instead of &, as formerly in tended Let there be a large turnout of all interested persons.
 Capt R. E. Davis, superintendent for the Carlisle Packing Company, who left here on July 10 on the launch Carlisle, which had in tow fleet of fourteen fishing boats, has arrived at Bellingham. Wash. and reports a very pleasant voyage.
 H E. MCDaniels is now the dairy king of COrdova having bought out his partner, Dick Little, in the Blue Star dairy and he also purchased the Cordova dairy from Mrs Tony Lynch. Both of these industries will hereafter be conducted under the name of the McDaniels' dairy.
 Kodak finishing. Scarborough
The Cordova daily times., 1921-07-22
STRONG SUMMER COLOR
By International News S"rviccD

Ry International News S"rviccD
 LONDON, July 22.-"Thc sum. mer' color" says Dame Fashion. will be a soft shade of yellow, not un- like apricot, but more correctly de scribed as Spanish onion peel color %
The Cordova daily times., 1921-07-22
MASONIC NOTICE

A special communication of Mt Lodge No 1S3, F & A. NJ. will be held Saturday, July 23. Work in F. c. degree. 22-2t.
The Cordova daily times., 1921-07-22

Let The Daily Times figure on your IOb work.
The Cordova daily times., 1921-07-22

Kodak finishing. Scarborough.
The Cordova daily times., 1921-07-22

Myer Blum returned on this after noon's train from n business trip tc Mccarthy and Chitina.
The Cordova daily times., 1921-07-22

A movement is on foot to arrange m excursion to Chitina, with side trip by automobile over the govern ment trail to Copper Center.
The Cordova daily times., 1921-07-22

The freighter Juneau is in port and will leave tomorrow on her south bound trap with a cargo of copper ore.
The New York herald., 1921-12-08
MISS PARLOW'S RECITAL.
yioifnfst Heard mt Her Best in
Purity of Tone.

Miss Kathleen Parlow. the distin-
guished violfnist. gave n recital yester-
day afternoon In Aeolian Hall. Her
programme Illustrated in measure the
difficulties which violinists all appear to
have in making lists which will crafty
their own tastes and those OF the public
at the same time. The literature OF the
violin is by no means poverty stricken,
but its choicest treasures can be appre-
ciated only by thoroughly musical
audience, and most of the works need
the cooperation Of a pianist who Is some
thing more than mere accompanist.
Miss Parlow had recourse to the end
less thrill of Satan as set forth by Tar
TIM in his delectable sonata. The ha-
bitual concertgoer might have difficulty
in computing the number OF times he
has heard this composition. OF one
thing he might be reasonably sure,
namely, that he had rarely heard It as
well performed as Miss Parlow played II
yesterday. In this admirable example
of classic violin music the artist. whose
high rank was long ago settled. was at
her best In purity of tone, accuracy of
intonation. elastic bowling and correct
ness OF style.
To follow IL she selected the A minor
concerto of Vieuxtemps, a genuine I'D
dler's piece. containing as many feats
of violin technic ~ possible and pre-
cious little real music. But the audience
The New York herald., 1921-12-08
Mr.. Robert Lansing
Host at Dinner for
Hon. A. j. BaHour
Gen. Pershing Gives Luncheon
at New Racquet Club for
Gen. Diaz.
Special Despatch 10 THE New YoHK HERALD.
New York Herald Burenu.

Special Despatch TO The New YosK HERALD.
New York Herald Bureau,
Washington. u. C., Dec. 7.
The Right Hon. Arthur James Balfour,
Lord Lee OF F'arehanl and Lady Lee
diiied tonight with Mr.. and Mrs. Robert
Lansing. who entertained one of the
most interesting companies assembled
this week. The party included the
Polish Minister and Princess Lubo-
nirska. Prince and Princess Cantacu-
zene Mr.. and Mrs. Henry White and
Mrs. A. NJ Dulles. sister Of Mrs. Lam
sing.
Mr.. Lansing was Secretary of state
at the time of Mr.. Balfour's visit to
Washington with the British War Mis-
sion, and the two renewed their friend
ship during the days Of the peace con-
ference in Paris. Tomorrow night Mr..
Balfour will dine with Mr.. Robert Leslie
Craigie, secretary OF the British EN-
bassy and Mrs. Craigie. who is an
American girl.
Major-Gen. Tanaka, military adviser
OF the Japanese delegation, gave q din
ner tonight at the Shoreham In honor
of Gen. Pershing, and the largest and
most important luncheon ON to-day's
calendar was the one given by Gen.
Pershing for Gen. DiaZ, Commander in
Chief of the Italian armies. Gen. Per-
shing selected the handsome new
Racquet Club for his party and had
among his guests some of the foreign
military dignitaries who are serving as
advisers at the conference.
The New York herald., 1921-12-08
SOCIAL NOTES.

Mr.. and Mrs. Charles Carstairs, who
arrived on board the Olympic. are at
the ST. Regis. where also is Mrs. j.
Hobart Moore. VINO came from Pride's
Crossing.
The first Of the supper dances organ
ICED by Mrs. Van Henry Cartmell. Jr..
Miss Wanden Mathews. Miss Anne Cor
don Winchester, Mrs. Juan r Mayer.
Miss Martha Ottley and Miss Marguerite
Doubleday will be held tonight in the
crystal room OF the Ritz-Carlton.
Senator and Mrs Lawrence G. Phipps
OF Colorado arrived yesterday from
Washington and are at the Ambassa-
dor.
Mrs. Clarence Kenyon, Jr.. of Glen
Cove. l.. l.. Is at the Plaza to remain
until January, when she will sail for
italy.
Mrs. Herman Frasch and her daugh-
ter. Mrs. Frasch Wilton, win arrive on
the Aquitania tomorrow and win be at
the Ritz-Carlton for the winter.