davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-06-28
FINANCIAL NOTES.

w. c. langley & Co., members Of the
New York Stock Exchange, announce that
their telephone numbers have been changed
&c Rector 6740 to 675s. inclusive.
MacQuoid and Coady have opened branch
sixth street, under the management of Fred
crck Currie and r. +. Dobeck
The Metropolitan Trust Company has been
appointed registrar for an issue of s25 .000,.
100 ~ per cent preferred stock of the New
York Telephone Company, par value 500.
A. ". Kemp, vice president OF the Southern
California Edison Company, announces that
the recent offering OF $1,000 shares OF COM
mon stock has been closed.
Hambleton Co. announce that the entire
iGsue OF Beaver Products Company, Inc. first
and refunding mortgage 7hs has been over
subscribed.
Cassei, Nunes q Co.. members Of New York
Stock Exchange, have prepared for distribu-
tion letter Of comparison between Brazilian
Government sterling bonds and dollar bonds
Harold n. Smith, formerly with Z. r. lie.
land and Company, has taken charge OF the
trading desk In the bond department of w.
]. woilman Co.
Ladd & Wood, members of the New York
stock Exchange, have prepared a special
circular analyzlng tho per cent. convertible
preferred stock OF the Illinois Central Rail-
read Company.
q. g. Taylor Co. have published al
analysis showing how holders Of cities ser.
vice scrip may exercise the various options
and privileges under the recently announced
cash dividend plan,
The New York herald., 1922-06-28
Republic of Chile ss.

Among the South American Govern
ment bonds traded in on the New York
Stock Exchange an interesting issue is
Republic of Chile external gold twenty
year sinking fund SIS, due in 1941. These
bonds were sold here in 1921 to raise
funds to provide for the increasing of
railroad facilities In Chile. Principal.
premium and interest are payable in
United States gold coin of the present
weight and fineness and are all exempt
from Chilean taxes. In the loan con-
tract under which these bonds are
issued the Chilean Government COW
enants that IT, in the future 1t shall
issue any loan with a lien on any
specific revenues or assets these bonds
shall be secured equally and ratably
with such loan. The sinking fund re-
tires each year s1,200,000 principal
amount of bonds at not exceeding 10.
All bonds not previously retired will be
paid at maturity at 105. The Chilean
Government owns 2,S36 miles of rail-
road, besides telegraph lines and other
national properties. These are valued
at S240,o00,000, a sum substantially in
excess of the total Government interest
bearing debt. The total national wealth
OF Chile Is estimated at s3,272O00,O 600.
The Chilean SIS of 1871 are selling at
prices to yield investors more than 7.50
per cent.
The New York herald., 1922-06-28
Adams Exp Co
cit Is lo40

\ pz
Amer Ag Chen
IL Ialt
The New York herald., 1922-06-28
New Municipals.

A new issue of s1,005,0 900 City of
Greensboro. " c., per cent. improve
ment gold bonds is being offered by a
syndicate composed of the Bankers
Trust Company. f. III. Rollins e Sons
and Watson & White. The bonds are
dated July /. 1922. and are due Janu-
ary 1 and July / In various amounts
from 1929 to 1862 inclusive. They are
offered at prices to yield AIS to 40
per cent.
The issue of $3.50. 900 of AZ per cent
semi-arnual 16 2-3-year average school
and 100000 5 per cent. semi-annual
2 to 21-year serial park bonds of the
City of New Britain, Conn, has been
awarded to syndicate composed of
Estabrook & Co.. Remick. Hodges & Co..
r. l.. Putnam & Co. and Coming & Co
at 100.0715. The bonds, which are tax
exempt in Connecticut. are being offered
by the syndicate on a basis of Ais to
AZ per cent for the AZ bonds and
AIS per cent. for the per cent.
lSeasongood & Mayer are Offering a
new issue of S2S7.000 City of Charlotte
N. c., per cent serial gold bonds
dated February l. 1922. and maturing
February /. 1924 to 1861, at a price to
yield 4.65 per cent. The assessed valu-
alton OF Charlotte is given as SS4,57S, ,030
and the net debt s3.25s,656.
Watkins & Co are Offering a new issue
OF SIS, 900 City of Columbia. s. c., per
cent. school district bonds, dated June
1. 1922. and due June l. 1947. at
price to yield $50 per cent. These bonds
are exempt from all Federal income
taxes and free of all State and per-
sonal taxation in South Carolina.
The New York herald., 1922-06-28
Barnsdall SIS.

The Barnsdall Corporation sinking
fund convertible SIS, due in 1881, are
selling on the New York Stock Ex-
change at prices to yield investors
little under per cent. The company
sold these bonds last year to provide for
the addition of valuable additional oil
producing properties. for the retirement
OF existing Indebtedness and to increase
working capital. leaving 1t with ample
working capital and no floating debt.
These bonds are a direct obligation Of
the company, but not secured by a mort
gage. No mortgage on the company's
properties may be created, however. dur
ing the life of the bonds and no bonds,
notes or other evidences of indebtedness
may be issued. The bonds are convertible
at any time prior to maturity into class
b stock at $40 share. 81 900 in bonds
being convertible into 25 shares Of stock.
The company's producing oil properties
are in the States of Oklahoma, Pennsyl-
vania, West Virginia, Ohio. Texas, Cali
fornia. Indiana and Illinois. The prop.
critics comprise a net total of over 215,-
900 acres.
The New York herald., 1922-06-28
Pennsylvania Water and Power.

The first mortgage per cent. sink
ing fund gold bonds of the Pennsylvania
Water and Power Company due in 1910,
are quoted around 9Sh, at which price
the yield to investors Is around 5 u per
cent. These bonds enjoy wide market
as they are listed on the stock exchanges
OF Philadelphia, Baltimore. Montreal and
London. They are first mortgage on
modern hydro-electric plant with a
developed capacity of 10000 horse
power with a bonded debt Of less than
500 per horse power, including trans
mission lines. The cost of the property
and plant was approximately $16,000.-
600, or over one and one-half times out
standing bond issues. These bonds are
free of the Pennsylvania State tax. The
company will pay the interest without
reduction of the normal Federal income
tax OF l per cent. The trust deed pro-
vides for the payment by the company
of $4,000 year, as a sinking fund, up
to 1924 and 100000 thereafter, to be
applied to the purchase of the bonds il
obtainable at not more than los and in
terest The Pennsylvania Water and
Power Company supplies to the United
Railways and Electric Company and the
Consolidated Gas, Electric Light and
Power Company of Baltimore the major
portion Of the electric current used in
Baltimore and its vicinity. The COM
pany also has contract with the Edison
Company of Lancaster. Pa. under which
1t supplies that city and its vicinity
with practically all its electrical re-
quirements.
The New York herald., 1922-06-28
Rio Ira mway First 5s.

The entire public utility service OF the
city of Rio de Janeiro, including teler
phone, gas, electricity and street vail
way. is furnished by the Rio de Janeiro
Tramway, Light and Power Company.
The company is a Canadian corporation
and has been In operation since 1904
In 1905 this company sold an issue Of
first mortgage per cent. bonds In New
York, Canada and London. Of which
$21 900, 900 are still outstanding and are
not due until 1895. Current quotations
for the bonds are around 8615, yield
ing about $50 per cent. on investment
The company's properties include $4,000
horsepower hydro-electrical Develop
ments. which are Of increasing value.
It's combined properties represent a
total cash investment of over $75.000p~
coo. Bonds of this issue are secured by
first closed mortgage on all the ply
sical properties of the company and by
a first lien on subsidiary stocks and
bonds owned. The companys acct
mulated cash surplus now amounts to
$20.000,000. AS Of June 80, 1921, S4.-
140.0 900 par value Of this issue Of bonds
had been purchased and retired by the
sinking fund. Latest earnings of the
company shows interest on these bonds
was earned nearly eight times. These
bonds have sold as high as 107 on the
London Stock Exchange. Principal and
interest on the bonds are payable in
United States gold coin.
The New York herald., 1922-06-28
Jcnckes Spinning Co. ss.

The Jenckes Spinning Company man.
ufactures fabrics of superior quality for
both cord and fabric tires. its customers
including leading tire manufacturers In
the country. It is one Of the largest
concerns OF Its kind in the world. The
company last year issued $4,000, 900
per cent. sinking fund gold debenture
bonds. due in 1896. which are selling
to-day al prices TO yield about 7.50 per
cent. The bonds were sold to provide
additional working capital and for the
retirement of bank loans and other
debts. The bonds are direct obligation
OF the company, but not secured by
mortgage. The company has agreed
however. not to place any mortgage or
other liens on its real estate or plants
without the consent Of two-thirds Of the
holders Of these bonds. Net earnings of
the company In the five years ended
June 30. 1921. averaged nearly four
times bond interest requirements.
The New York herald., 1922-06-28
Average Bond Prices
Tuesday, June "a, 1929.
BOND NEWS AND NOTES.

transactions in yesterdays bond
market topped the preceding days total
by more than s1,500,00O, but trading
generally continued fiat and featureless.
Obligations of the United States Govern
ment were steady in narrow limits
Most issues made slight gains in the
first couple of hours of business, but
late In the day. in sympathy with the
weakness of securities prices they eased
off under profit taking. Foreign bonds
displayed little certainty of movement,
rejecting the irregularity of exchange
rates. French Cities were under pres
sure. as were -Mediterran-
can 6s. In the railroad group several
issues scored gains In the forenoon.
Atlantic, Charleston Air Line 4Ias. were
up more than points early in the day.
1ndustrials held steady. Business in
Mexican Governments revived some
what, prices on both As and 5s being
slightly higher.
The New York herald., 1922-06-28
Ask Approval of Rail- Issues.

WASH rNoroN, juno 27.--The Chicago.
Milwaukee and st. Paul Railroad asked
the Interstate Commerce Commission to-
day for permission to Issue and sell
ss,0s5,0o0 in equipment rust certificates
Tho money will be used to pay for $500
new freight cars and 25 locomotives.
Another finance application from the
Cincinnati. Indianapolis and Western
Railroad Company sought authority for
the sale OF s1.o00.0o0 In per cen.
mortgage bonds TO pay debts of that
road. while third. from the Union Ter
mjnai Company at Dallas. Tex. asked
authority to extend the maturity OF
$3.50. 900 In outstanding notes.
The New York herald., 1922-06-28
st. Loui4 Land Bank.

William r. Compton Company and
Halsey. Stuart & Co., Inc. are offering
n new issue of s2,00o.00O st. Louis Joint
Stock Land Bank 5 per cent bonds.
dated May /, 1922, and due May /. 1852.
at 103, and interest to yield approx
mately 4Ss per cent to optional matur-
ity. May 1, 1892, and per cent there
after. This bank operates under Federal
charter and Government supervision in
Arkansas and Missouri. The bonds are
issued under the Federal farm loan
act. and are exempt from Federal, State,
municipal and local taxation. They are
secured by first farm mortgages or
United States Government bonds or
certificates of indebtedness.
The New York herald., 1922-06-28
Public Unity Offering.

Harris. Forbes G. Co. and +. III. Rol
Inns & Sons are offering a new issue Of
s2.700.000 Clarion River Power Corr
pany first mortgage twer ty-five year G y
per cent. gold bonds die July ]. 1947
at % and interest to vie d 6.75 per cent.
They are guaranteed as TO principal ard
interest by Penn Public Service Cor
poratlon and are free of the PennsvI-
vania four mills tax. Earnings of tho
Penn Public Service Corporation avail
able to support it's guaranty OF the in
terest on these bords are over four
times the amount required.
The New York herald., 1922-06-28
INVESTMENT NOTES.
burlington Is.

A long term railroad investment Civ
ing a straight annual income OF about
5 per cent. can be found In Chicago
Burlington and Quincy Railroad Com
rany first and refunding series hves
due in 1871. listed on the tNew fork
Stock Exchange. These bonds are legal
investment for savings banks I'M num-
Der of States including New York; they
are secured by direct or lAteral
lien on s.99S miles of road together with
all other property of the company. N2e
bonds are q first lien on 496 miles. q
second lien on 1884 miles. a third lien
on 1,943 miles. a third collateral lien
on 1.175 miles. The bonds are Issued
in denominations as low as 500. They
are redeemable as a whole only on and
after February l. 1912, from 107h to
103.
The New York herald., 1922-06-28
New Highway Issues.

Remick. Hodges q Co are Offering
fi,000,o00 State of California 4h per
cent gold highway bonds, dated July 3,
1917. due July 3. i939-l954. at price
10 yield i2O per cent. The bonds are n
legal Investment for savings banks and
trust funds In New York. Massachusetts,.
Connecticut and other States
NJ. M. Freeman a Co. are Offering n
now issue of 100000 state OF New Jer-
sey fh per cent. highway bonds. due
July /. 1852. optional 1887. The bonds
are legal for savings banks and trust
funds in New York. New Jersey. Mas
sachusctts. Connecticut, &c. and are
offered AZ price OF 102.s0 and interest,
60 yield per cent. to optional date and
f.25 per cent. thereafter.
The New York herald., 1922-06-28
Sfnfe of Maine .s.

S. w. Straus & Co. have purchased an
issue Of S650000 state Of Maine "a ma
turing from 1943 to 1852. They are
being offered 10 net 100. This purchas Sc
marks new departure In the policies of
S. w. Straus & Co. who have hereto-
fore dealt only in first mortgage real
estate and Industrial bonds safeguarded
under the Straus plan OF financing.
They have purchased tha state Of Maine
Issue largely for the accommodation of
some Uf their customers who are esps-
cially interested in tax exempt issues
The New York herald., 1922-06-28
Auto Lite nondr SOLD.

An Issue Of $4,000 ooo FIRST mortgage
tIE year IN per cent. sinking fund gold
bonds Of the Electric Auto Lite Corr
pany has been sold by Dillon. Read &
Co. and Hemphili. Noyes a Co. at par
and interest.
The New York herald., 1922-06-28
Bond Application Approved.

TRENTON. n. j.. June 27--The STATE
Public Utility Commission has approved
the application OF the Morris County
Traction Company 20 issue $1,000. 900
mortgage bonds TO make extensions to
It's property.
The New York herald., 1922-06-28
B. R. 7. NET INCOME
HAS BIG INCREASE
Eleven Months Showing Bene-
fits Greatly Compared With
1920 Strike Period.

The Brooklyn Rapid Transit system
reports s455.256 net for May after
charges. or more than one and a half
times the amount of last year. The net
income for the eleven months period
ended May 81 was s2.s15,Ss3. compared
with a deficit OF over $4,000. 900 for the
corresponding period of the previous
last year. Following are comparative
statements.
The New York herald., 1922-06-28

The increase of over $7.S00.000 is In
part explained by the abnormal expenses
incurred In the strike in September, 1920.
The strike expenses are estimated at
s2.4S3.3S3.
The Third Avenue Railway System
for May reports net income of $685. $50
after all charges contrasted with a
net deficit of si0lS in May, 1921 For
the eleven months ended May 81, 1922
the company's final net income totaled
slH.sl6. contrasted with a deficit of
$s2i,3o for the corresponding eleven
months of the previous fiscal year
The following table gives comparisons:
The New York herald., 1922-06-28

The company's gross operating reve-
nues in the eleven months period to-
tailed $l2,sO0,292. against sl2, ,273.741 a year
previous, while operating expenses de-
creased S17.699 to a total of s9,659, ,616
leaving $2,357 934 operating income after
taxes, an increase of 1925. 1888 over the
corresponding eleven months OF the
preceding year.
The New York herald., 1922-06-28

NtW i OTh Vfpy
AIS May 1857
1..... .106l4
New York City
AIS 1860
/. l005g
The New York herald., 1922-06-28

Louisv & Nash
st l. Div as 80
2...... Ola
Lou & Nash SO
Monou As 1859
.S0ls
Msnntf Sugar
7Ls fot.
The New York herald., 1922-06-28

Can Pacific
Is perpet ual
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1922-04-21
GRoCAN INTERESTS
GET KIT PROPERTY

Twenty-three thousand acres Of
the KIT ranch near Bovina, were
leased Monday by r. w Grogan q
Sons Of Clarendon. according to
George b. Grogan Of Muleshoe, one
II the firm who was here Monday.
A deal is now pending for $4,000
acres more of the same ranch, and
the firm will Immediately ship four
trainloads Of cattle 10 the pasture.
Mr.. Grogan left Amarillo Monday
night for Roswell where he will
receive the first shipment Of cattle
for the range. Other cattle will
be loaded at Artesia. ~ NJ, Lake
wood, n. NJ, and Seagraves. Texas.
Approximately 5000 acres Of the
John James ranch az Muleshoe have
been leased by the Grogan inter
ests, and will be used for winter
pasture
Mr.. Grogan declares that the cat
tie industry is beginning to show a
marked revival, and the range con-
dition is exceptionally good. He
says the rains have been plentiful
IN the entire cattle region. and he
expects a most successful season.
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1922-04-21
ROW CROP PREPARATIONS
FOLLOW BLASTED WHEAT

W. c. Hubbell, representing the
international Harvester company,
has Just returned to Amarillo after
business trip Of two weeks. He
went down through the south plains,
touching at Plainview. Lubbock, Ia
hoka, Slaton, Lamesa, thence down
to Big Springs, Pecos and on into
the Pecos Valley section Of New
Mexico, returning via Portales and
Clovis.
Mr.. Hubbell states that in numer-
Gus areas visited, the wheat, blasted
by reason Of delayed moisture, has
been plowed up and row crops are
being planted in its stead. He reports
that in the Pecos Valley country Of
New Mexico in which the fruit crop
could not be better az similar time
Of the year, is experimenting its al
falfa and other crops with cotton.
He is enthusiastic over the outlook
for the harvests Of the oneoming
seasons in an Of the territory visited.
amarillo News.
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1922-04-21
IN MILADY'S
/ REALM
~ MRS CURTIS A. KEEN
pnoo. AL Residence iipFourteenth -.

whipped cream were served 20 the
following ladies: Mesdames Jones,
Mitchell, Spikes, Murfee, Barclay,
Simpson, Long, Alexander, Walker,
Ruby, Clark, Scott. Duncan, Lind
sey, Denman, McSpadden, and the
afternoon club guests: Mesdames
Waters. Caraway, and Miss Moore.
At the next meeting Mrs. Louis
Murfee will be hostess, at her home.
Alice Bars Birthday Party
On Saturday morning a pretty
surprise party was given IN honor
of Miss Lucille Alice Barr. A happy
group Of girls met at her home at
nine-thirty, and enjoyed the fun
that comes from real surprise
party. Miss Lucille Alice will have
occasion To always remember her
eleventh birthday. Angel food, and
delicious jello was served TO the
following young ladies', with all
the appropriate Easter decorations
Ethel Sides, Leona Gelin, Pauline
Holland, Mary Lois Julien, Ruth
Hutchinson, Virginia Bacon, Eliza
beth Adams, Alice and Sally Bean,
Murvel Rankin, Vetna Bivens, Haven
Sawyer. Virginia Murray, and the
charming little guest Of honor, Miss
Lucille Alice Barr.
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1922-04-21

That Lubbock will be well repre-
scented at the seventh District meet
ing Of the Woman's Federated Clubs
which Is IN session at Plainview on
Wednesday, Thursday and Friday, b.
an assured fact A delegation Of
about twenty women is scheduled TO
leave for plainview tomorrow morn
'ng. and this fact proves beyond a
doubt that our city is a real 1--we
factor IN the things that envolve
matters OF civic, community and ma
tional significance In Mrs. ". K
Spencer and Mr. Judge Klett the
Twentieth Century have chosen two
women who will ably represent their
club in an official capacity. Mrs.
r. o. Jones and Mrs. Fulton viii
represent the City Federation and
we predict that they will return
with world OF valuable informa-
lion pertaining 90 the solving Of
TIE many civic problems that come
uu FOR solution, ln their work here.
Watch this column for detailed
report Of the entire convention and
lei every woman IN Lubbock do her
par. and keep pace with the civic
organizations Of her town.
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1922-04-21
E. L. ROBERTSON
BUYS WHEELOCK BUILDING

a deal was closed recently between
r. l. Robertson Of the City Drug
Co, and Ben II. North Of Patriot
Indiana. whereby Mr.. Robertson be-
comes the owner Of the Wheelock
Building. now occupied by the Hunt
Grocery Company. The City Drug
Company win move 10 the location
as soon M POSSIBLE. which will prob
ably be the frst Of the year, the firm
now occu. ying the building having
lease on same for the balance OF the
year.
Il Is unknown al this time just
what location the Hunt Grocery Co.
will have.
The City Drug Company Is for
tunate IN sec ring this building, for
not only is Il centrally located, but
is building that is well adapted 20
the needs Of business OF this kind.
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1922-04-21
CARLISLE NEWS ITEMS
DURING THE PAST WEEK

Our singing class went 90 the
Hockey County singing convention
al Ropesville Sunday We enjoyed
the singing very much, also the ex-
cellent dinner prepared by the
mothers Of that community.
Mr.. Orval Burroughs won second
place in the Ia mile run Friday.
lie will leave for Austin the first
Of May.
Several members Of Mr.. Hinson's
family have been very sick for
several days They seem 10 have
something resembling the flu.
Mr.. and Mrs. Royal Saundon,
and children Of Post City spent
Saturday night with their parents
and grandparents, Mr.. and Mrs. +.
A Sims
Miss Helen Ribble Of town spent
Saturday night in the Burroughs
home.
Miss Lois Cone and friend whose
name we failed to learn Of town,
spent Saturday night with Mr.. and
Mrs. w. NJ. Pevehouse.
Mrs. Jones and children spent
Sunday in the w. B. Ray home.
Miss Ted Sims spent Saturday
night with Miss Burnice Casey.
The young folks enjoyed a party
and egg hunt at Mr.. Collins Sat
urday night. Those from town
there were the Misses Little, Missrs
Spencer, Stubs, Rob Caraway,
Frank and Hermon Heath and Miss
Lethaa Health.
Mrs. Jerden gave the small chill
dren an egg hunt Friday afternoon.
Each one reported a nice hunt.
Miss Bcss Sims gave her Sunday
s hool an egg hunt az the school
house Saturday afternoon. Mac
Eta Rallins and Louis Moon found
he most eggs and received the
prizes.
Mr.. w. L. Altman has been in the
sanifarium the past week. He has
lost his eve sight from his right
eye interle. We are glad 20 report
his improving.
Miss Rcsa Mae Jones and Mr..
Emmett Burford Of Woodrow at
tended singing here Friday night.
Mr.. and Mrs Simms Of town spent
Saturday night in the Brock home.
On account % several boys hav-
ing 70 stay in town Friday night
we were unable 20 have the pro-
gram. But will have Il next Fri
day night
NJ and Mrs. F. A. Sims spent
Sunday with their children Mr.. and
MIS- O. y. Sims.
Mrs. G.. Tubhs was very sick sat
urday night, bur b better now.
Mr.. Brown n town snent sun
day night in the Sims home.
Mr.. v A. Casey was very sick
several DAYS last week.
The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1922-04-21

One 81 the most enjoyable after
moons was scnt at The home az n.
NJ. Atkins. when the Ladies' of the
Methodist Homo mission net there
on Monday afternoon FOR the Home
Mission program and social after
noon. More than sixty ladies were
present o. enjoy the splendid PAPER
read by toe various ladies. and in
the presentation Of the different
phases OF home mission work, many
important facts were brought home
10 those pr sent. and q grca.cr de-
sire stimulated in each heart 90 D.
Of real service, and 90 count but
little the sacrifices made ln behalf
of cause so worthy
After the mission study q pro-
gram was given, Miss Slagle adding
much 20 the enjoyment " the Ar
ternoon By her piano number. Mrs
Curtis Keen gave two selected read
ings. the first. tribute o. Mother
and 10 all Womanhood
After the program Mrs. Atkins
ssrvcd dainty refrcshmchts.