davidaulloa/AmericanStories huggingface dataset:
The Cordova daily times., 1922-10-17
DEPARTMENT OF THE INTERIOR UNITED STATES LAND OFFICE
Juneau, Alaska, Sept. 16, 192

Juneau, Alaska, Sept. 16, 1922
 Notice is hereby given that on Oc- tober 20, 1922, the approved plats Of the following Township Surveys will be filed in this office:
 Fractional Townshop 4 S., R.
 7 E., c. R. M; Fractional Town
 ship s. R., 12 E., c. R. M.; Frac-
 tional Township 5 S., R. II E., c.
 R. M; Fractional Township S.,
 R. 13 E., c. R. M; Fractional
 Township S., R. fl E., c. R. M;
 Fractional Township S., R. II E.,
 c. R. M; Fractional Township
 S., R. 12 E., c. R. M; Fractional
 Township 6 S., R. 13 E., c. R. M.
 Fractional Township S., R. IA E.,
 c. R. M; Fractional Township 6
 S., R. 15 E., c. R. M.
 and the lands therein will be subject to entry under the following condi- tions:
 (a) SOLDIERS PREFERENCE. Under the provisions of the Act of Feb, IA, 1920, as amended by the Act of Jan. 21, 1922, a Preference Right to enter any of the above lands, will be allowed to soldiers, sailors and ma rines, who served in the War with Germany, who have been honorably 1ir1 1lo n,>Df nl fhnrnfrn,,, or who have been placed in the Army or Navy Reserve, until Jan. 20, 1923, under the provisions of the Home stead Law. This Preference Right is subject to the right of actual bona fide settlers, claiming a preference by virtue of possession and occupancy under some provision of law. Appli- cations to enter will be received from any of the above classes having Pref erence Rights, from Oct. 1, 1922 to Oct 20, 1922, and all persons claim ing a Preference Right by virtue of settlement and occupancy, are advised to file their applications within this period. All applications filed between Oct 1, and Oct. 20, 1922, and all those filed at 500 a. m. on Oct. 20, 1922, will be considered as filed simultan- eously and will be disposed of by lot.
 (b) GENERAL. On and after goo a. m. on January 20, 1923, the lands above described will be subject to entry under the general land laws of the United States and any special act applicable to the District of Alaska. Applications to enter such land may be filed at any time between January 1, 1923 and January A, 1923. These applications, with all applications filed at 9:OO a. m. on Jan. 20, 1923, will be treated as filed simultaneously and will be disposed of by lot.
 FRANK A. BOYLE, Register.
The Cordova daily times., 1922-10-17

as it increased in importance Wran- gell would benefit approximately.
New-York tribune., 1922-10-21
Dividends
Financial Items

More than 90 per cent of the ou;stsnd-
Ing notes Of the American Chicle Com
pany have been deposited under the plan
for readjustment OF the debt of the com
pany, which has been declared operative
By the roteholders' committee, and funds
wifi be available on October 23 for the pay
ment of October interest upon the de-
posted notes and the 10 per cent cash
an account Of the principal OF the de-
posted notes, as provided in the plan.
Marguerite Knox, formerly manager of
the women's department of the Title
Guarantee and Trust Company of Brooklyn.
Is now with the sales department of Bon
bright g. Co.
Edward 3. Smith & Co. announced for
the syndicate which offered yesterday the
Company. not previously subscribed for
books were closed at noon the same day
applications largely in excess of the stock
available having been received. It is ex-
pected that ailotments will be made to-
day.
At the annual meeting Yesterday, Of the
Truman Oil Company the stockholders re-
tion of L. R. Van Houten. who resigned
and was replaced by A. w. Norcross. of
San Antonio. The board organized by
electing C. j. Haskell president, P d.
Saklatvala first vice. president. Peter
Rohrbach 5r. second e-president and
John W. Wright and e. c. Harvey as,
sistant secretaries and w. H. Blackburn
assistant treasurer.
New-York tribune., 1922-10-21
Seeks Return ON storl

g. Question--I own sixteen shares of United
states Rubhsr common, which cost me an
average or $6S per share. At present
.hese shares are standing Idle in my ga fe
uSp4sit DON Would you consider it ad-
vIsapie lor me to obtain loan on the
note OF the United States Rubber Com
panE pending the recovery of the market
70 TO or TO? IL YOU do not approve of
luls plan or OF my selection, will you
please advise me in the matter IF. C.. l..
Answer-As a temporary proposition
we do not see the advantage of the
proposed purchase of United States
Rubber TVS. You would get your bond
Tor. price Of about 1OS--a $500 piece
taxing higher price on a purchase
ana lower price on a sale, as a gen
eral rule. AT 108 the current return
on the investment would be approx
mately per cent. The difference be-
tween coupon interest and the interest
you would pay on the bank loan would
be something like $5.40. Out of this
you would have to pay s1.5O to buy the
pond and like amount to sell it later.
Assuming that you would get the same
price as you paid for the bond. the net
result would scarcely be large enough
to justify the transaction. Unless you
wish to make direct exchange of the
common stock for the 7h Der cent
bond or for some other bond or high
grade stock. the best you can do is to
wait FOR the stock to recover. 1t has
already recovered about points from
the recent low level.
New-York tribune., 1922-10-21

III exaapt as follows: 1s74-'78, 1888 80,
1sg4-'98 In these years nothing was
pnid. Since 1898 the rate has ranged
from 3 VI per cent to Z per cent, the
latter rate having been iii effect since
1909 with the exception OF 1916 and
1916, when a slightly lower rate was
paid.
Besides these cash distributions, the
company has disbursed a number Of
stock dividends, the last one being
paid in 1890. In Ju..c, 1921, resolu-
tors recommending thas the authorized
capital stock be Increased from s72,-
100000 to $i25.000, 900, tho increase of
500 ,000,00 to be distributed as a stock
dividend. This action was approved
by the stockholders, but has not as yet
been sanctioned by the Interstate Com
merce Commission.
Proof that the company is justified
in this action is afforded by the large
equity the present stock has in prop
crty value as noted above; by profit
and less surplus ut the end Of 1921
amounting to $77,741 200; and nor
NAL earning power more than double
the present. dividend rate.
Margin Of Safety Of Earnings
In the table below will be found the
'margina Of safety above interest and
dividend payments. These calculations
are made on the basis of tho percentage
that earnings available for interest
and dividends would have to decline in
order barely to cover interest and divi-
dend requirements. Thus in the year
1912, decline of 35 per cent in total
income would have left no surplus
above the Z per cent dividend then paid,
while a decline Of so per cent would
have wiped cut any balance available
for dividends and left just enough to
cover fixed charges.
1t will be noted that both columns
for the year 1921 show minus numbers.
This means that in that year total in
come available for interest and divi-
dends would have had to increase 4 per
cent in order to cover fixed charges in
full and Sc per cent in order to meet
both interest and dividend payments
without showing deficit. The deficit
shown, however, was more apparent
than real, for at that time the company
had large claim pending against the
government for matters arising out Of
the period Of Federal control. This
claim was settled early in 1922 by the
payment of S7,00O,000, and if that
amount had been included in the 1921
income account, the company would
have shown, instead of deficit, mar
gin of plus 43 above interest and plus
10 above interest and dividend require
ante
New-York tribune., 1922-10-21
Stocks Ex Dividend
Petitions in Bankruptcy

The following petitions in bankruptcy
We're filed yesterday In the United States
II. & 1. LEATHER GOODS COMPANY,
INC.-Involuntary. 40 West Third Street.
Liabilities, St0 600; assets $4,000.
LOUIS LEINW NWAND--Invoiuntary hotel
keeper Fallsburg, N. Y.
BEAVER INN SODA LUNCH COMPANY
Voluntary. 1s Beaver Street. Liabilities,
S19,746; assets. $4,000
Receivers in Bankruptcy
The following receivers In bankruptcy
We're filed yesterday:
Daniel a. Begley and Christian e. Jet
ter for George Ringler & Co., brewers and
dealers in beverages. goa East Ninety
second Street, with bond of 100000.
Schedules In Bankruptcy
The following schedules In bankruptcy
were filed yesterday In the United States
DtT'diss DoRY SEA. SEA FOOD STORES. INC, 90
South Street, with several branch stores.
Liabilities, $31,S90; listed assets, $1I3,36S.
ALPHA PRESS, INC, 1913 Second Street,
printing. Liabilities. S26.8S8; assets S., 400
VICTORY WAIST & DRESS COMPANY.
Liatilitles $11,S03; assets. $1,000.
PANY. INC. Liabilities. S4s,345; assets.
third Street. clothing. Liabilities. s22.s75:
4'fsss; IaH1Ths fgSsAV; i HELD. groeers, 7s1 Home
Street, S77 East 1soth and ss2 East i9sth
streets Bronx. Liabilities. $ss.ts2; assets,
PREM1ER CLOTHING CORPORATION.
Liabilities, $52.761; assets. 64.97S.
New-York tribune., 1922-10-21
Wheat Averages
Higher on Signs
" Better Denlani
Session Is Generally i.
settled, However y =
Final e Prices Are S.s ~ ~
10 Sd Cent Net Ady,',s s

CHICAGO, Oct. 2o.--Wsss.
higher in price to-day, helped 4. ss.a
cations OF good export and r;,n 'aa''
rnand, a circumstance which ao-s : .s e
counter balanced the unasttlinp sgsa Nc
OF much undoing Of spreada s.'As : s'ssss
December delivery and May. ~ 'ssss
was nervous, varying from & s.'ss s
Ac net gain. Corn finiahed :. y
Ac to &c advance; oats unebsr... ns 9
Mc higher and provisions ,,rss ~ =
to 15e down. aaey
Al the start selling ascrsbed - -.
had somewhat depressing ,naa.s ss.s'shi1s
wheat values with Dit trades '','s'''s s' q
rather active On the bear sS8o !. ,sNe'aits .t'
kst. Commission houses. tE,o,,gt H's.
absorbed the surplus offefisc. .'''slt
purchasing for Eastern aoeon,. I'M
causing shorts 20 bid un nr,... .''.so;'tt :.
aIseF fnidaay. Decennber, nevertheise. VI
months. "s dessTfss
Gossip current among hana,ar.
Wheat mere was TO the effect tha, 8 e2A
CTS were - tiSht position, with sssois sss.is
waiting ana grain sold, but WITH Is.,s .ssssssis
be had in the line Of fresh suns4l.li .sh iate TO
portation difficulties continuirr = 5'ah stahs-
big hindrancs. II was ssI,i " u sct is
ever. that signs pointed "a an So: sss now
IN 5lig coagssslon na fra, Lso Buffalo eastKss
dependent firrnuess 70 corn a. Ssss u.
Failing OF in reeeipts was n6ted ~ ,asla.is. ais.
with Haeagerness Of country osys,.slaai s.zslaai
arrive; arrive, The dso Rsmania corn crop L. Z
year. Provisions were easier IN fsss s.,sa II ~
the hog market " isas VA
New-York tribune., 1922-10-21
Orders New Election
Supreme Court Reverses Rem.
ingt0n Decision

The Appellate Division of the Su-
preme Court has reversed tho decision
of Justice Wasservogel denying new
election of directors of the Remington
Typewriter Company upon application
of James S. Carney, stockholder The
Appellate Court sustained Carney's
contention that the election of April
10 and 20 was void and held that the
choice of Harold E. Smith as inspector
Of elections, before the directors were
chosen, was improperly made, the chair
having permitted per capita vote
when a stock vote should have been
made.
The court orders the secretary Of the
Remington company within ten days
after entering the decision to issue a
call for the holding of new election
within thirty days after mailing Of the
notices. Clifford, Hobbs 4 Beard, at
torneys for the corporation, indicated
New-York tribune., 1922-10-21
Rail Heads Name
Group for 1. G. G..
Securities Hearing
Bankers AIse Expected to
Attend; Concerned With
HEM Relating To C.ompeii-
live bidding for Bonds

The standing COMMITTEES Of the Asso-
citation of Railway Executives has dc.
ternlfned upon the personnel off, com
nitsee which shall 60 60 Washington
on October 26 to attend the Interstate
Commerce Commission hearing rela.
tive to the terms and conditions to be
prescribed by the commission in con-
nection with the issuance of securities
under amended Section Goa of the In
terstate Commerce Commission act.
Among the matters to be discussed
st the hearing, which is also expected
To be attended by q number Of New
York bankers interested in railway
financing, are:
Whether and to what extent the
commission should, by its order in
granting or withholding authorization
and approval. determine, limit or re-
strict the price at which or the manner
In which securities are to be sold and
the cost to the carriers of the market
ing Of securities issued under the pro-
visions OF Section goa of the interstate
commerce act.
Whether it Is within the province
of the commission to require competi-
tive bidding in the sale of securities
so authorized TO be issued and whether
competitive bidding should be required.
If competitive bidding is required,
to what class or classes of securities
should it be applicable and what regu-
lations or conditions should be pre-
scribed relating to such sales?
Bankers are concerned in these mat
ters, particularly the item relating to
competitive bidding for securities. The
custom for years in the financial dis
trict has been for certain banking
houses 20 handle the financing of cer-
tain railroads. Establishment of the
competitive system would do away with
this long standing practice and, it is
understood, will meet with consider
able opposition.
T. De Witt Cuyler, chairman of the
Association Of Railway Executives,
said after yesterdays meeting of the
standing committee that reports pre-
sented by officials of the different
roads IN attendance indicated that
traffic is moving satisfactorily and
that the effects Of the strike have
practically disappeared.
New-York tribune., 1922-10-21

increase So). 81 go ss
Between 1912 and 1922 the operated
mileage has increased from 4,710
miles to 6,o4l miles. or per cent.
Estimated Property Value
The estimated value of the company's
property is S395,0OO, ,O00.s The total
capitalization of the company is $275.-
100000 in round numbers. There is
therefore an excess Of S120, 900 900 in
estimated property value over total capt.
talization, or little more than 80 per
cent.
Assuming theoretical payment of the
outstanding funded debt at par, the
estimated equity of Louisville & Nash
vile stock in this property value
amounts to $266 a share.
New-York tribune., 1922-10-21
Cotton Advances
As Confidence
Is Reasserted
Southern Advices Indicate
Stiffening Of Spot Basis;
General Market Closes
20 to "A Points Higher

The action Of yesterdays cotton mar
the reaction Of the two previous days
had reflected no lack Of confidence in
ultimate value. With nervousness over
the British political situation subsid-
ing, with Southern advices indicating
that tho spot basis had stiffened on
the decline in futures, and with re-
ports from the cotton goods trade re-
aecting no halt in the buying move
ment there was reassertion of this
confidence during yesterdays trade.
The rallies met further scattering LIQUID ;
alton and some Southern hedging, but Of
ferings were absorbed on slight setbacks
during the middle OF the day and before
the close prices We're back to very nearly
the previous high records The general
market ~ r closed steady 1t net advance Of
There were rumors that private returns
Indicated ginning Of 100000 bales to
year and 7cal, ,5s1 lns 1914 These figures
were considered fairly consistent with crop
estimates of around 1o,000.00o bales as
percentage ge OF the crop ginned to October
IL this year will run below that of last
season. season. when it was 6s.s per cent Re-
po'tSs iehcHua mere during tne fnlQdle or
the day that the basis was d shade easier
ut some .Arkansaa points. but all other re-
ports Indicated firm spot situation ana
there were good many adyces which
told OF sharp falling Off in ginning op-
erattons, particularly in the. Southwest.
Southern spot markets as officially report.
ed were 25 to 40 points higher, with mid
ding quotations ranging from 2225c up
to 23.2sc, compared with 23. 2Dc, last nights
closing price for October in the local mar
ket
The local market for spot cotton was
steady and 40 points higher, at 2345c for
middling. No sales were reported
The range of prices:
New-York tribune., 1922-10-21
ID. L. & |. Deficit Less

The annual report of the Detroit, To-
ledo & Ironton Railroad for the year
ended December 81, 1921, as filed with
the Interstate Commerce Commission,
showed deficit of $530,556 after taxes
and charges, as compared with deficit
of $2,184,835 in 1920.
The income account for 1921 showed
gross earnings of $6,453 500, an in
crease of S1,232,454 over the previous
year. Operating income was 1888, ,152,
as against deficit Of s1,432,5oo in
1920. Total income was listed as ST.
004,711, compared with deficit of ST.
141 ,487 in 1920.
New-York tribune., 1922-10-21
Progress Is Indicated
I'm Burns Bros. Merger
Chadbournc Conferred With
Officers Of Consumers Conn
pany at Chicago

That progress is being made toward
merger of Burns Brothers, coal deal
crs of this city, with the Consumers
Company, of Chicago, was indicated
Yesterday in the announcement that
Thomas l.. Chadbourne, who gained
prominence in the independent steel
merger negotiations, has been in Chi
eago comforting with officers of the
is expected back at his Office, ii Wall
Street, to-day.
One plan is understood to call for a
S100000,000 corporation, to be known
as Burns Brothers Consumers Corpora
ton, to later include leading retail coal
companies in st. Louis, Philadelphia,
Pittsburgh and Boston, The Con-
sumers Company handles a large pro-
portion of the coal, ice and building
material business in Chicago.
New-York tribune., 1922-10-21
The range of prices:
Country Produce

Butter-Receipts were s.24a n.ok.
extras feameTy; .aags ntgasr than extras 797e
seconds, 36@a6hc; lower grades asi1 80 z c 8,
sahc; centralized cars 90 score All y y
49, a9s; 50 score ss@ss!Ac; ss score. " 37g q
ed, higher than extras, 4sh a 49c. ensr..- ensras
81 score, 47h @4sc; frsts, ash @4s hes Hlsas aec.
held heid creameTy hnS Gwer grades sa9sshe
extras 42@4sc; hrsts, s7he s7@4ee sesonds es 44s {;
@S6hc; state dairy tubs, finest. AZ tse.
ss@a ss@aac 70 prime prime ao@44c; common to fair.
@34c; frsts. 32@325sc; seconds soas *
SIC: lower grades, 299 soc: packing s STOCK &
Soc; lower grades 26@2sc. "a "
Cheese-Receipts were 2.2os bores ~.
as York State flats, June specials, 2sM ~
aehc; sverage run. 2s@25hc; New va yarp y
svera s,a,e mats, fresh q specials 25A @2she
Daisies, 25@2sa4c; single Daisies aSu Suoie ds
1S%c; young Americas, 25M 926c. = "
Eggs--Fresh gathered, extras. dozar =.
Woec: extra frsts, 49@64c; firsts 4o@Sssco.
sssgnos s2s d;rsi. and poorer trade eggs s5
poorer, ao. 2o@ 24c: checks poor to choics -
ary, IsQ22c: refrigerator extra frsfs'
oraIses ora,s paid to expiring dates 2els s2c
80 &C; refrig orator checks local candiins
ls@ l9c; refrigerator whites. nearby 90 +
Ca baeif,s Goast sa4sc other Westeris.
nearby whites, 5oa52c; Pacific = Ssvas. Cn. y
whites, 42Q47c; Western brown and r,ipas paat
,,.,., 90 sac' fresh. New Jersey hennerv
anaenheFy aa whites. extras local candied. SasS
syc; ,,.se,. nearby and nearby Western hennery ~
SIa Tu.tes: avserage extras 81@88c; EXTRA
nrsts' ~ e. soc; frsts, &C @73c: nearby gath
erea whites, frsts to extra nrsts, Sc dS7sc.
ander sss. Ter. grades, SOC s5c; puliets' eggs, ssG
sec; so; facinc Coast whites. extras, s2c; extra
gssc; pullets 4295oc; otner western and Z
sout tnern. gathered whites IS O s5c nea rhv
ann q nearby Western. hennery browns. s.
40: Long Island. ,so pounds. So 4oess ky "
is5 pounds. ss.25; $50 pounds, s2so@s,so.
sweets. Sweets. Jersey, baaket, s50$i.25: Eastarn
Maryland, basket, $50 d li. - Au -
New-York tribune., 1922-10-21
Railroad Bonds Dron

Questfon--Kindly give your ysluabIa
s,i,h,n opinion on Chicago Great Western 4s'
believe; also Thomas Furnace. Of Mn.
waukee q, due 1887, at 90. non-callabie.-.
Answer-We consider Chicago Great
Western 4s third rate railroad issue.
containing a substantial element Of
risk which has its reason in the COM
pany's failure to make ends meet. The
returns for 1922 have been even worse
than those of last year. The Thomas
furnace Is are the obligation of a
small company and are, therefore. lack-
ing in marketability. The company.
however, has been long established IN
the furnace industry and average earn
ings are more than sufficient to meet
the interest charges on this issue. The
bonds are o reasonably sound invest
ment.
New-York tribune., 1922-10-21
Royal Dutch and Standard Oils

/ Question: would like to have your
valued opinion of the purchase OF either
OF the Standard OIL group or Royal Dutch.
l am widow, not in the best OF health
and and dependent on my son. who earns
steadily over. $4,000 a year. In short
time will have approximately $1,000 TO
invest which, together with 5000 In bonds,
constitutes all my cash savings. / have
recently noticed the enormous dividends
! paid by these corporations, and / felt that
u reasonable safety could be expected an
Investment in them would be far more
beneficial than steady low-yieldIng securi-
| ties. Just what is your opinion? Royal
Dutch paid a 40 per cent dividend in 1921
Does Does this mean actual cash, American
money, on the prfncipla, or $40 per share
per forms Mrs. A. b.
7 Answer-The dividend of 40 per cent
you refer to as paid on Royal Dutch
was to the holders of foreign sub.
shares, par value of which is 100
forms each (S40.20). In December,
1916, a syndicate Of American bankers
purchased $4,000 shares. These shares
were deposited with the Equitable
trust Company, as depositary, and
222,000 so-called American shares of
no par value issued against this de-
posit, representing three American
shares for each original share de-
posted. These American shares are
in reality certificates of beneficial in
terest in the $4,000 shares held in
escrow and are entitled to their pro
rata proportion of all dividends and
sncrements accruing to the deposited
shares. The dividend of 40, forms on
each foreign share, when converted
INTO American money, is applied to
dlvldend payments on three American
shares. and at the rate of exchange
prevailing in 1921 the dividend on each
American share amounted to "a "a w,
do not consider the common stock of
any oil company suitable for woman
in your position and believe your best
investment plan would be to confine Sc
chase of securities to low yielding Sc
curities of first grade.
New-York tribune., 1922-10-21
Bonds Arc su,tahIa

the following list suitable around nresent
prices for the investments of o person de.
pendent upon the income. II not. your
suggestions would be appreciated NV aim
would be to secure safety OF principal with
as nigh an income as possible at the same
time. From various offerings I have se-
funding IS, 1947; q. f. Goodrich Company
hrst Ms. 1947; American Smelling and
Refining first bs. 1947; Whitaker cssner
iirst es. 1S41; Bell Telephone Company OF
Pennsylvana first and refunding is, 1s46
Philadelphia Company first refunding and
collateral 6s, 1914; Kansas City Power and
Light first 5s 1962.-R. NJ. B.
Answer--All these bonds are suitable
for person in your circumstances.
New-York tribune., 1922-10-21
Increasing Investment

Question--A few months ago asked for
yous advice regarding investments for my
recommended the Philadelphia, western
Etectric and North American Company is
sues. Her present holdings are: 81 600
philadelphia Company 6s 1944 $1,000
western Electric Company preferred; $500
North American Company preferred: s7.6o0
purchase money mortgages held on prop
erty sold IT,, recently; $4,000 cash available.
securities which In your opinion, would
materially strengthen her Investment posi-
tion Reasonable yield desired, but Sc
ccurity Of principal first considera-
tion--C. P. B.
Answer-The following securities
would fit in well with your mothers
present holdings: Canadian Northern
7s, due 1910, selling recently to yield
about - per cent; International Paper
bs, 1947, yielding about 81 per cent,
and the New York Telephone eh per
cent preferred stock, selling around
Ill.
New-York tribune., 1922-10-21
Judgments Filed
In New York County

The following judgments were filed yes
terday. the first name being that of the
debtor:
American Niemeyer Motor Truck
Sales Corpn--W Podorofsky.. s4355o