davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-03-31
Meaning of "Ex Diyidend''

'Question-Wu you please answer the
foll9wins questions: U) What is meant by
why some stocks are listed in your paper
under Regular Declarations" and others
under 'Ex Dividend" % 10 you consider
Allis-Chalmers common Il business mans
investment? (9) When stocks are bought
through a bank, does the bank attend TO
the matter of registering stock in the
nIyer name or should the buyer write to
the company whose stock he has bought?
A. L. II.
Answer-Your first question can be
answered most clearly by an illustra-
ton. board of directors declares
dividend of 2 per cent on a stock.
payable April /, to stock of record
March Is, for instance. That dividend
goes to any one whose stock is recorded
In his name on March is. On that date
a person may sell his stock and yet
be entitled to receive the So dividend
on April l. even though he does not
actually own stock on the payment
date. The thing is equalized by the
deduction OF points from the price
of the stock on March Is, and the
stock is thus described as selling "eX
dividend" 81 on March Is. The theory
is that if this stock were under no
other influence it would appreciate
automatically 81 a share in the period
covered by dividend payments. Usually
this period is three months, although
many dividends are paid seml~annually
As to your second question, we hold
there is a speculative element ir
Allis-Chalmers common stock. If you
are in position to assume the
risk attached to dividend paying com
mon stocks under present business con-
ditions. YOU might consider Allis- Chal-
mers common as suitable, though what
future prices may be we could not at
tempt to predict. When stocks are
bought through banker the matter
of having the security registered in
the buyers name is attended to by
the broker through whom the purchase
is made. Such a transfer is made be-
fore the stock is deliYered
New-York tribune., 1922-03-31
Public Utility Bonds

Qucsticn--Th4 writer is a constant
reader OF your column and the following
list Of bonds Will show I have acted on
your advice My age is fifty. l arm unmar-
ried; have a salary Of $4,000 per annum
and now own $1,000 bonds Sd Liberty,
price S94. $1,000 bonds 4th Liberty,
price 900. ! S1e0a Bush Terminal Build
ing per cent s49; $1,000 Northern
Pacific and Great Northern Joint 6I2s
997, ] 81 COO Kingdom of Denmark per
cent. 995. VIII have about $1,000 in a
couple of weeks Would you consider an
American Power and Light bond a safe
investment? You never mertion this
bond. OR would ii be safer TO buy a Pa
cinc c. and Il. per cent?--P. -.
Answer-American Power and Light
Company per cent bonds, dated May
>. 1921, run for twenty years. The
issue is not large, there being SO, 800
600 authorized and outstanding. 1t is
secured by pledge of about s7,000,000
bonds of underlying companies. The
company issued these bonds principally
to refund S2200,000 of 6 per cent notes
which matured August l. 1921 At the
time they were brought out money was
commanding a high rate, so the com
pany had to pay accordingly for funds
We believe they are entitled to a fair
rating as an investment. Many invest
ors prefer the Pacific Gas and Electric
bond, however, although the yield is
lower
New-York tribune., 1922-03-31
Bonds for a Woman

Cnestion-Have been asked NV m 81.
quaintsnce, middle-aged woman for
suggestion az to the investrnent of ,a,.trrH
amounting TO little over 81 Ono 7 dn ~
ilte TO rely altogether upon nv own baiiot
Ia advising this woman and ,y iii ,nnroat. :
huNlce as TO whether you would setcct
utree OF the following four bonds In dc
nominations OF $1,000 each and II 80
N"ich Wonid be your choiceT Like r,,osf
- VS., th'S person wants to obtain aa Largo
irNu'H az may be secured with safety of
k1,is ,P@' ana assurance OF interest The
UonUS new York Edison COMPANY frst
ien ,a., %no no retuhding mortgage els dne
~, ~, diamond Match ias. due 1855, Nnw
go bo1n IEiephone es, due 1941; Westtng
nouse , Eiectric IS due 1881 Nv frtena
now now holds twenty-five shares or St,n1an9 $50
~ ot New Jersey preferred and fortv
sh3res OF United States Steel nrefarro5
IttsonaIy. would not he incilned 70 soii
I'neT though IN view Of the proha hiit, -,
o' standard OIL pf New Jersey heinz raiioSS
u might perhaps be yvell to sell ~ t{
ana put the money into som binc 60 3!
- you would do that. viii you kindl, so
soN'se and state what YOU would ~ ~ ~
1ake y, ~ place in these circulnstances7
Answer-Any four Of the bonds Won
ment1on me 10. we believe would be suitable.
The Diamond Match 71ss are less do o.
S!rapie because of callable feature
you decide to sell the Standard OIL
OF New Jersey preferred YOU might
consider Great Northern 5bs. 1919
non-icaliable, or Grand Trunk 6s 1885,
yielding $50 per cent.
New-York tribune., 1922-03-31
Columbia Gas Election

At The organization meeting Of The
board Of directors of the Columbia Gas
and Electric Company yesterday Philip
G. Gossler was reelected president 70
sncceed A. B. Leach. Other officers
were reelected. Members of the exec
utive committee include Murray H.
Coggeshall, W. W. Freeman, P. G.
Gossler, j. NJ. Hutton, William P.
Philips and Charles P. Taft. For the
month of February the company re
ported gross earnings of $1,814,721, an
increase of S420,143 The surplus after
charges totaled s597 ,693, a gain of
SS1,13Q
New-York tribune., 1922-03-31
CIV nf Rio

fairly reflects their relative invest
ment value. American Smelling pre-
ferred, in our opinion, is too specula-
tive for you. 1t is one of the best Of
the copper stocks, and it may be said
with fair degree of confidence that
the copper industry has placed the
worst behind it. The question of con-
tinuance of dividends is one on which
we cannot venture an opinion. Unless
you are in position to assume spec
ulative risk we think you would do bet
ter to purchase bonds or preferred
stocks of only the highest grade.
New-York tribune., 1922-03-31
Days Ne,p Issues

]. G. White & Co. are offering at
prices to yield from 4.35 TO 4.25 per
cent a new issue Of $4,000 Village
of Babylon. N. Y, per cent road I'M
provement bonds, due 1923-l932.
New-York tribune., 1922-03-31
Days Dealings in Bonds
The Market

Bankers report a continued broad de-
mand for bonds of all descriptions, in
Guiding the great mass of unlisted as
we'll as the listed securities The re
cent offerings have so far not impaire d
the appetite of investors, and there is
not sufficient new financing in sight ma
terially to influence the outlook. it is
thought. Liberty bonds yesterday were
firm, but only the fourth 41%s got into
new high ground. The rest Of the mar
ket was active, with a strong upward
trend
New-York tribune., 1922-03-31
Investment
Information

Questions Of general interest to in.
ceStors wttt be onsoered in This col.
umn, AZ ehtch case only initials ,g;u
oe used, Others toiU De ansleered bv
n'e'l Address oil inquiries. incios.
ing a STAMPED addressed cnrelope, TO
Ftnnncini Editor, The Tribune. 15G
Nossdu Street, Neao York Cttv.
New-York tribune., 1922-03-31
Paris Marker Jrvep,,lar

PARIS, March 3O.-Prices moved ir-
regularly on the Bourse to-day Three
per cent rentes, 66 francs 90 centimes.
Exchange on London, AZ francs 55 CEN
times, Five per cent loan, 70 francs
% centimes. The dollar was quoted
at II francs 10 centimes.
New-York tribune., 1922-03-31

To figure the precise yield on g bond 1t
Is necessary to use yield tables, but the
anproxirnate yield can roughly be figured
out by the following formula: Divide the
closing quotation on bond into the rate
Of the annual return. If the bond Is selling
Appreciation of the principal TO do this
subtract the market quotation from par,
or 1O0 and divide the remainder by the
number of years the bond has 70 run be
fore maturity. For example, If a per
cent bond is selling at 80 and has ten
years to run, the annual return viii be SOS
ner cent The difference between par and
the market price will be 20 points, sub
tracing 80 from 100. Dividing ten points
by ten years the quotation will be l. This
hgure is to be added to 566, which Is the
annual return. and the result, 7.66 per
cent will give you the approximate yield
New-York tribune., 1922-03-31
Utah Power Net Drons

For the year ended January 81, 1921,
the Utah Power e. Light Company re-
ported net profits, after charges, de
probation and inventory adjustment,
of $980,220, contrasted with $1O47,41
in 1920 Operating earnings totaled
$3,212,940, as compared with S3,199.755
in the preceding wear
New-York tribune., 1922-03-31
Harvester

Questton-Wiu you kindly advise rne
whether YOU consider international Har-
vester preferred al investment stock Of
the first rank, in spite of the depression in
the farm implement industry? Is it a suit
able purchase at the current price for
business woman should also Hike TO
know how IT compares with Baldwin Loco
motive preferred, which al present sells
about the same price as Harvester pre-
ferred. Do you think American Smelling
and Refining preferred Is safe investment
and likely to continue dividends Miss
New-York tribune., 1922-03-31
London Marker O.,iet

LONDON, March 80. - Trading was
quiet on the Stock Exchange to-day
and prices showed irregular changes.
Bar gold was quoted at 95s Sd,
money was loaned at 3A per cent. Dis
count rates were: Short and three
month bills, 3W3A per cent. Consols
for money were quoted at 56A. British
5 per cent loan at 9834 and British
a u per cent loan at SO "
Closing stock quotations were:
New-York tribune., 1922-03-31

Answer = Internatlonal Harvester
preferred does not rank with the high
est type of preferred stocks, in our
opinion, We would not place it in the
same class with United States Steel,
American Car and Foundry, American
Bank Note, Union Pacific or Atchison
preferred. In the case of Harvester
preferred and Baldwin Locomotive pre-
ferred we believe that the market price
New-York tribune., 1922-03-31

3 So
City of Berne
S. 194b
1 ll2 u
! 13
c of Bergen
Ss 1945
. 40
q 90 u
! 10
CITY Of BOr0
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-03-24
DIR. w. S. cURRELL

Or. w. 8. Currell, president Of the
University Of South Carolina, who
is to give parlor lecture this after
noon at the home of Mrs. W. P.
Greene to the members Of the Book
Club, arrived in the city this NOM
ing and was met. at the station by
committee composed Of Mrs. R. C..
Philson, Mrs. E. c. Horton, Mrs. C..
E. Williamson and Mr.. and Mrs. J.
D. Fulp, and taken to the Eureka
Hotel where he will stop while in
town.
DR.. Currell visited the city
schools this morning and made an
address to the 11th grade on litter
allure and Character" after which he
was driven over the city by Mrs. T.
G. White.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-03-24
BEAUFORT STAGES
LETTUCE FESTIVAL
Thousand Acre Crop Viewed BY
Visitors-Many Interesting
Speeches Made.

Beaufort, March 23.-Beaufort's
two day lettuce festival began We'd
nesday morning when the visitors to
the lettuce city" accompanied by a
large crowd Of Beaufort folks motor
ed out to Bramlett's farm where a
bountiful feast consisting of barbe-
cued pork, rice, potatoes, lettuce,
mayonnaise, relishes, bread and cof-
fee was served.
After dinner the cars lined up for
a visit to several fields of Beaufort S
thousand acre lettuce crop, stopping
on the way to see an interesting old
tyrt built before 1900 on Mr.. Bran
lett's place and also at the Home
Farm dairy where Mr.. Kinney serv-
ed delicious sweet milk and butter
milk.
1t is sincerely hoped that these fes-
tival will be an annual event and
hat every county of South Carolina
nay be represested at the second let
tuce festival in 1928.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-03-24
FATE OF CHANDLER
TO BE KNOWN SOON
Brothers Of Defendant Testify-Plea
of Insanity is Made For the
Defendant.

Greenville, March 23.-The fate of
Jeff Chandler, charged with murder
of his wife and mother-in-law, on
February rs, will in all probability be
decided tomorrow by the jury, the
defense having completed its case
this afternoon and Solicitor SSoak
having started rebuttal. Testimony
was that Chandler had asserted tina.
his wife was unf.ithful and unfit to
rear his children was introduced by
the defense. The contention that men
tai stress from this was one of the
,Eactl g cau~es IF mental unDalance
vas one of the features of the day.
The test mo"y vas made By two
brothers of the defendant, George
and J. Arch Chandler.
The entire afternoon session was
devoted to expert testimony by six
.hysicians, es-a Of whom answered
hypothetical questions relative to in
sanity.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-03-24
PASSAGE BONUS
BILL |SCERTA|N

Washington, March 23.-Passage
of the four billion dollar soldiers
bonus bill by the house before ad-
jurnment was made certain today
with the adoption Of a resolution
providing for consideration Of the
measure under a suspensin of the
rules.
The vote on the resolutions was
221 to 121 and was without a roll
call. Previously the house had adopt
ed. motion for the previous ques-
tion by a roll call of 276 to 126. AS
the roll call proceeded, there was
more than the usual hubbub on the
floor and those in the crowded gal
leries, strangers to congressional
customs, looked down in surprise as
the members milled about, talking
and laughing while the clerk read
the 435 names on the list. Those
voting were forced to shout at the
top of their voices in order to have
their vote heard at the clerks desk.
There was a breaking Of party
lines on the vote for the suspension
resolution. Many Of the democrats
VIII voted in the negative on this
motion were counted upon to sup
port the bonus bill on the final vote
and leaders were confident that
more than the two-thirds majority
required under the rules would be
obtained.
Chairman Fordney of the ways
and means committee was at once
recognized by Speaker Gillett for
motion to suspend the rules and pass
the bill, whereupon the house launch
ed into four hours of discussion.
Some members were only given only
one minute, others two minutes,
others three, but by unanimous con-
sent, all had leave to extend their
in the Congressional Record
during the next ten. days.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-03-24
Loss SHOWN IN
INCOME TAXES

Washington, March 23.-On the
basis of reported collections of in
come and profits taxes Of the March
Is installment shortage of $780,
100000 in the estimated revenues
from these sources for the calendar
year 1922 was estimated today by
the Treasury.
Original estimates of revenues
from income and profits taxes for
the calendar year, high officials
said, were s1,74o,o00,0o0 while re-
turns from the March installment
now indicaSe the total for the year
will be $1,540,O0 900.
Final reports on receipts for
March will not be in hand before the
end of the month officials said but
reports received from collectors 50
far indicate that not more than
$4oo,o06,O00 will be received as
compared with approximately $685.
100000 for the corresponding quar-
ter last year.
Estimates for the March quarter
of this year, officials continued,
placed the total at $460,O00,000 so
that the falling off in these receipts
probably will mean a shortage of
over $100,0O0,O00 in the revenue
estimated in the budget for the fs-
cal year 1922. Estimates of tax COL
lections on June Is were originally
$315,000,000, officials explained,
but with a more than 100000, 900
drop in the March collections it was
thought the decrease of the two
quarters prior to the end Of the fs-
cal year would be about $100,000,-
900.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-03-24
CAUSE
Of DEFICIT |NP.0.
CHIEF PCSTOFFICE INSPECTOR
SAYS HE HAS KNOWN ALL
TIME PARCEL POST WAS
NOT PAYING EXPENSES.
FINDING OUT COSTS

Washington, March 23.-Respon-
sIbiity for deficits incurred by the
postoffice department in the hand
ling of the mails is attributed large
ly to the parcel post system, accord
ing to data collected by the joint
postal commission which has been
conducting nation wide investiga-
ton into the cost Of the handling Of
all classes of mail matter. Conclu-
sions Of the commissions are to be
incorporate j. a report to be submit
ted to congress next fall, after fur
ther Investigations have been COM
pleted, it was announced today.
Members of the commission and
officials Of the department declared
the parcel post to be indispensable
to the country but asserted that
some system should be devised to es-
tablish it on a paying basis. The
commission has not yet determined
finally, it was said, to what extent
the postal deficit is attributable to
the parcel post, but the fact that its
operation had made inroads into
postal appropriations had caused
concern for some time, officials said.
The. joint commission, created by
congress to investigate postal condi-
tions throughout the country with a
view to suggesting and recommend
ing needed improvements and extern
sions of service has held hearings in
various cities, principally at con-
gested postal centers like Chicago,
Philadelphia and New York. It has
been found, it was explained, that
conditions in New York and Phila-
delphia, especially, were most unsat-
isfactory, and should be strengthen
ed considerably if a fair standard Of
efficiency was to be- maintained.
Rush B. Simmons, chief postofice
inspector, representing the npstofice
department on the commission, said
the fact that the parcel post system
had heen found not 10 be paying ex-
penses was no surprise, it had been
generally conceded for some time
that something should be done to
put that branch of the service on a
sound basis. What recommendations
the commission will make 10 congress
in its report could not ibe forecast at
this time, the members said.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-03-24
EXPORTING OF COTTON
Staple Being Carried By American
Ships in Gulf

Washington, March 23.-Ships
flying tho American flag operating
from Gulf ports are carrying Sc per
cent of the cotton exported compar-
ed with IS per cent year ago, Vice
President Smull of the shipping
board, announced today.
Shipping board operators in the
Gulf ports, he said, are making re-
quests for more ships, and the ship
ping board has adopted policy Of
granting their requests, provided
they increase their freight rates 30
that they will not lose money which
would occur, in the view Of shipping
board officials, under the present
rates.
In connection with the coal strike
which is imminent for April I, Mr..
Smun said that, although no consid-
GRAFTON had been given to transport
ing coal from England nor had any
requests beer made the shipping
board could probably take on car
goes of coal from England at q
freight rate Of approximately $3.50
a ton It would be only a minor
charge and could be done because
coal would have a better ballast
than any other for those ships which
would have to return in ballast.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-03-24
SWEET POTATOE SPEAKERS
Messrs. Robertson and Hoffman To
Be Here Monday.


A meeting will be held at II o'clock
Monday, March 9th, in the store
room formerly occupied by. the Cash
Bargain store at which Mr.. A. D.
Robertson, Development Agent for
the Seaboard Air Line and Mr.. Hoff-
man, sweet potato expert from Glenn
son College will talk to the people on
the subject of growing, gathering,
curing and marketing sweet potatoes.
Since the boil weevil struck this
section it behooves the farmers to
interest themselves in another money
crop. With the proper advertising the
sweet potato should become a world
food. They are cheap, wholesome and
delicious. What California has done
with raisin bread the south can do
with potato pudding.
The boil weevil will be blessing
in disguise if he can introduce the
Door benighted bean-eating North to
he joys of just one southern-made
potato pudding.
But a southern woman recently
visited every market in the City Of
Washington in search Of a Georgia
Yam" and the market men had never
even heard of such thing.
What are you going to do about It?
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-03-24
ARBUCKLE TRIAL
MOVESFORWARD
ALICE BLAKE BREAKS DOWN
ON STAND-CASE HELD UP
UNTIL WITNESS REGAINS HER
CCMPOSURE-NU GIVES
TESTIMONY.

San Francisco, March 23.--Alice
Blake, testifying for the prosecution
in the third manslaughter trial OF
Roscoe C. (Fatty) Arbuckle, broke
down today during her recitation OF
the events at the party in Arbuckle's
hotel suite which preceded the
death of Miss Virginia Rappe. Court
recessed until she had regained her
composure.
In answer, to charges by defense
council that she had been coerced
and intimldated, Miss Blake said on
redirect examination that nothing
the district attorney had said OF
done had affected her veracity.
She said she had come to the dis
trict attorneys Office voluntarily and
had not been under his surveillance
since two weeks before the first
trial.
Miss Blake, attorneys said, prob
ably would be the most important of
the prosecution witnesses because of
the absence of ley Provost, show
girl, who occupied the stellar posi-
tion in Arbuckle's two earlier trials.
Miss Provost is in New Orleans and
reported to be too ill to come here.
Miss Grace E. Halston surgical
nurse at the Wakefield sanitariurn,
testified that Miss Rappe had been
received there September 6 and died
September 9. She said she saw
bruises on both arms and one leg Of
the film actress and when asked to
describe the bruises in detail, she
did 80, over the protest of the de-
fense.
George w. Blum, police photo
grapher, identified photographs Of
the actress right arm and others
showing two bruises of her face and
Of her legs.
Arbuckle avoided looking at the
photograph Of the girls face.
District attorney Brady offered a
motion that the testimony Of Miss
Provost at the first two trials be
read into the record. 1t will be pass
ed upon later
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1922-03-24
CONFER DEGREES

Geo. T. Bryan Of Greenville and
W. A. Giles Of Belton came down
yesterday to be present at the Call
Convocation Of the Hesperian Chap
ter R. A. W., at which Master and
Royal Arch Degrees were conferred.
A large attendance of members
was present, and after the meeting
a delightful supper was served them
by a committee from the Parent
Teacher Association.