davidaulloa/AmericanStories huggingface dataset:
Evening star., 1922-05-09
COURT D|SSOLVES
BIC SUGAR TRUST
Order Entered Against Amer.
lean Refining Company
After IL Years.
By the Associated Press.

oy tbe associated PreEs.
NEW YORK, May 9.-Federal
Judges Rogers, Hough and Manton
today filed dissolution order against
the American Sugar Refining Com
pany and other corporate and indi-
vidual defendants in the govern
ments Sherman law suit begun
twelve years ago.
During the twelve-year wait, caused
IN large part by decision to await
rulings of the United States Supreme
Court in the steel and harvester trust
cases. the defendant corporations in
the sugar trust case have "aban-
doned their combination and conspir-
acy to restrain trade and commerce
and to monopolize the business of
manufacturing and dealing in refined
sugar" said the decree.
The judge sitting as an expedition
court held, however, that at the time
testimony in the case was heard
enough Of the allegations in the gov
ernment petition were proved to en-
title 1t to a dissolution order.
AS ScAA2oaAiSo al pGtk-
ton were the American Sugar Re-
nning Company, the National Sugar
Refining Company of New Jersey, the
Great Western Sugar Company of
Chicago and the Michigan Sugar
Company of Detroit.
1t was held by the court that evil
dence taken in 1910. when the peti-
tion of dissolution was asked by the
government, showed that at that time
the American Sugar Refining Company
owned voting control in all of the
companies named. Since then, how
ever, the parent concern voluntarily
has given up that control and now
owns only small minorities and has
no menbe ership on the dictatorship OF
the companies.
The decree signed today was with
the consent OF the sugar companies
attorneys. 1t was Brought to the fed
eral court here as an expediting
measure and confirmed the voluntary
dissolution agreement reached after
attorneys.
DISMISSAL ORDER DENIED.
By the Associated Press.
NEW YORK, May e.-Federal
Judge Knox today denied a motion
Of counsel for the alleged cement
trust for dismissal of indictments al
leging violation of the Sherman act
under which nineteen companies and
forty-four individuals are being
tried.
He sustained motion to dismiss
the second count of the Indictment
however, which charges the defend
ants with entering into a contract to
restrain trade and curtail production.
1t was on this count that the case
against the cement manufacturers
association was built by the govern
ment.
The remaining count. which
charges conspiracy to fix prices, has
been sufficiently borne out by testi-
mony to warrant its submission to
the jury, except in the case of the
Allentown Portland Cement Com
pany, Judge Knox held.
He said he would direct a verdict
in favor of that company, as the
government has conceded it failed to
make a case against it.
Taking of testimony on the con-
spiracy count then was resumed.
Evening star., 1922-05-09
GLIMPSE OF THE STARS NEW HOME
TO BE GIVEN IN SPECIAL SECTION

will be presented complete
new giving The Evening Star the best equipped
paper plants in the world. .-s
An eightpage rotagravure pictures
Washington days ulramodern home, from
roof, showing how a newspaper is made
up,"
and how distributed giving the inside
great newspaper, all will be shown in detail
"A special twopage diagram Of the entire will
give readers clear idea Of ece located and how
to find for the building open visitors a all times
will be special article describing length
building.
The price Of tomorrows Star will be the usual
Evening star., 1922-05-09

The Associated Press Is exclusively entitled to
the use for republication Of all news dispatches
credited to It or not otherwise credited In this
paper and also the local news published herein.
All rights Of publication Of special
dispatches herein also reserved.
Evening star., 1922-05-09

CONTINUED on Page 2, Column g.
Evening star., 1922-09-13

CHEVY CHASE AND CLEVELAND PARK.
S22 5oo-Higf Class Corner Property
ali intments Terms
S1475o-Chevv Chase Nd Conn Ave. Close to Circle
h-vh.
Chevy Chase, D. C-New Bungalow. No. 1912 Reno Rd.
Smar.
with shower frs avato
h,
SIG oo-Cleveland Park.
SI6ooo-Ceveland Park.
9r. wthe modern 10
h is Of
SIS 5oo-Chevv Chase. D. c.
lot
ALLANE. WALKER & CO.. INC
SI3 18th St NV. Main 24So
Evening star., 1922-09-13
FOR HOMES OK INVESTMENTS.

.FOR HOMES OR INVESTMENTS.
OAKVlEW, VA.
New broom and bath bungalow; ettctriS
light; pipeIess furnace: large front porch; 2S
minutes ride from Eth and Pa. ave. NV
Price. siT5O Terms $50 cash. $50 month.
Ron AIR HEIGHT.
New 2-room bungalow, large lot electric
fixtures water in kitchen; Sl,2JO. Ierms
500 cash SO month.
RON AIR.
New 4-rOom bungalow, large lot eectric
light, water in kitchen, large front and rear
porch: o3.O Terms 500 cash. 81 month
BON AIR.
q large beautiful lots for quick sale: sl1O
each: easy payment.
Evening star., 1922-09-13
DOWNTOWN-S1o,75o.

JOW IN TOW N|1IU,/OO.
Near New Hampshire ave. Ind Que ct. !;
three story brick house, containing three
separate apartments, one occupied by
owner and the other two bringing $50
per month; hot-water heat and electric
lights. This IL an absolute bargain and
the terms are Exceptionally low.
Evening star., 1922-09-13
, TAKOMA PARK, D. c.

In This District.
BRAND-NEW COLONIAL HOME.
$9.7J0. Convenient Terms.
Replete with the best features Of construc-
tion and finish. Possessing individuality In
design with an idea Of beauty. roominess and
comfort. Six large rooms and bath; h.-w.h.,
elec. and gas; large front porch. breakfast
room and inclosed sleeping porch in addition
stairs Built by day labor. Of the best
materials. Good lot with fine shade trees:
You are really interested in owning q real
home, call US up and we will send our auto
for you.
Exclusive Agent,
912 10th st. NV. - Main 6371.
Evening star., 1922-09-13

One of the choicest homes in
Chevy Chase, beautifully located Grafton
ST: IA rooms. 3 ba this: hot-water heat: elec.
trio lights. Lot 95x1OO. Surrounded by ele-
CANT homes-in fact. one of the most attrac-
tive properties in this exclusive section. Price,
S3J. 600. Terms can be arranged.
Attractive Io-room and 2-bath
home in Cleveland Park, within one-half
square of Connecticut ave-: newly decorated
and incest arranged homes in this section.
Price, $4,000. Open for inspection daily
from ! to pm.
Near 10th and S SITS. NV; six
room and bath semi detached brick house: fur
mace heat; room for garage. Price. $3.50.
Very reasonable terms can be arranged.
Very rare opportunity to get a
5-room bungalow in beautiful northwest
section; % minutes from center of city;
typical California style; the design unusually
attractive: the plan product OF yer!
thoughtful planning. Price, $3.50. Don't
overlook this opportunity.
Six-room and bath home near
Lincoln Park; hot-water heat, electric lights,
hardwood floors: Pittsburg heater. Price.
81, $50; $500 cash and $50 per month
SAGER,
Main o6
Evening star., 1922-09-13

Near 10th and Park I'd. : beau
tiful Groom and 2-bath home; hot-water
heat. electric lights: builtin garage: instanta-
neous water heater. Price. sl4. Terms
can be arranged.
Choice business property on
14th street NV stories: apartment con
tanning rooms and bath 2nd floor: hot
water heat; electric lights. Can be pur-
cha sed on very easy terms, at price that
jus,ihes buying either for an investment or
business.
One of the prettiest homes in
Cherrydale. containing rooms and bath: ::
every variety of fruit; beautiful shrubbery:
Il acre Of ground; garage: an ideal place
for a party wanting a beautiful suburban
home. Price, $3.50, on reasonable terms.
Undoubtedly the best modern
home in the prettiest section of Petworth; :;
8 rooms and bath: every modern appointment; /;
houses 20 feet wide; porches 1Ux1s: hardwood
floors: deep lot to public alley. Can be bought
on 800 cash, balance reasonable monthly
payments.
Splendid downtown home. ar
ranged as family apartment: electric
lights Price. S11 500. On very reasonable
terms An excellent investment.
Evening star., 1922-09-13

COLUMBIA HEIGHTS
Charming homes of six and bath front and
porches electric lights hotater heat
bult-n garage; basement Worth your immediate inspection
Price $3.50 on moderate terms 424
CHEVY CHASE D. C. COLUMBIA HEIGHTS.
condition fnce seS" hea'Aoe
rice
COLUMBIA ROAD.
Brick with colonial front poch and bath
owaer heat electric lights mantes living and dining
newly papered good condition Price $780, Small cash
payment 14
NORTHEAST 2-FAMILY APARTMENT
screened;
McKEEVER & GOSS,
1915 Eye St. - ~ .rr ~. IN Nam 47s2'
Evening star., 1922-09-13
FOR SALE-HOUSES.

"a sth ST. S.w.-BRICK. ROOMS AND
bath deep yard; price. 50, 500; $500 cash, $50
mo-. including interest Main SOTO. Mr..
CASHION.
Evening star., 1922-09-13
,UNEQUALED
NEW HOME OFFERING.
N Snrn - 0En ETSrr

5 SOLD-$i ,35O-4 LEFT.
4OO5-4011 4th st. n.w.-Attractive tapestry
brick modern homes. just completed: rooms.
bath, h.-w.h.. elec.. colonial front. double rear
sorany and white trim; garage space; 81 900
cash; easy terms INSPECT TODAY.
Open and lighted until pm-
THE JOSEPH SHAPIRO co.
s14 New fork ave. Franklin Ss1s
Evening star., 1922-09-13
COLUMBIA HEIGHTS.

Located on 21st st. and not far from la.
pont Circle. Attractive three-story brick bonI.
cont tanning large rooms and = comps &C.
baths: electric lights: brand-new hot 0a'rs
heating plant. Entire property has been ncwty
redecorated Now vacant.
Evening star., 1922-09-13
FOR sALE-HoUsEs.
Continued.
NYEIrr

FOR SALE-H0USES.
NEW L
MT. PLEASANT.
Handsome, well located home Of 10
rooms. . complete baths, porches. hot.
water heat. electric lights, hardwood
floors: excellent condition. A. real home
for 900.
10th ST. HEIGHTS.
Nearly new Dutch-colonial detached
home; rooms "A bedrooms). tile bath.
hardwood floors. beautiful fireplace hot
water heat. electricity and gas; other
conveniences; garage. A value-increas-
ing section. Terms. Price, l.75O.
BEST BUY
|, In Columbia Heights west of 14th st: F.;
10 rooms, bath. hot-water heat. electric
lights; all in excellent condition. Deep
lot to wide alley. Price reduced TO rock
bottom for quick sale. Only $11 500.
NEW BUNGALOW.
Near Walter Reed Hospital. Large
corner lot with beautiful trees: rooms,
bath. pOrches; well constructed and :
tains all modern improvements. Price.
$3.50.
WALTER
400 H St. NV.
Evening star., 1922-09-13
FOR sALE-HoUsEs.

3544 PARK PLACE-FOR SALE; 1MMEDr-
ate possession; rooms, bath, sleeping porch.
hot-water heat. gas. eiectricity; in excellent
cs busrR nss1 Pses
il or Main 4535 during day.
ALMOST NEW, COLONIAL TYPE. LIGHT
brick honseA faces Soldiers Home grounds.
Ca, line, and oav a% East ers
H. R. HOwENsTEIN CO..
1914 F st. NV.
JUST OFF OF NORTH CAPITOL ST
Nearly new light brick colonial house; six
rooms, tiled BATH h.-w.h.. eec. lights: am
L.; $3.50: easy terms; inspection by permit
only.
1874 st. NV. T.
VACANT; IMMEDIATE POssESsION; BAY
window brick house. just north Penna. ave.
Sc; 9 rooms. bath: atrobe heat. gas lights;
newly papered and painted; $500; very easy
terms
H. R. HOwENsTEIN CO..
1914 st. NV.
$500 CASH. $50 MONTH: NEW HOUSE, NR.
14th and d ne; rooms. bath; front and
alley; nice lot Only $4,000 ~
H. X. HOWENsTEIN CO.,
1914 So NV.
JAMESON BUILT HOMES
pi. NV. at 18th st. large rooms: sleeping
with each house; elee. lights. Built. owned
Phone NJ TaSnAs 55as' SIS 81 !AafFseS \. 7. az. NV
NEW HOMES.
Open for inspection every evening until
O'Clock. Come and the most modern and
completely equipped home to be had on Capt.
tol Hill They have hardwood noors. hot-watar
heater ed Sa planned fro
the usual type Of home; selling Mt moderate
price. samplshome open for inspection. Coz;
Of Kentucky ave. and c ST. Sc. For price and
terms sec 'alfinnR eHas. O. 8. sHGsR. sisn!is''
Headquarters for New Homes.
BY OWNER. 1917 RANDOLPH ST. NV
Tapestry brick, large rooms. reception hall.
2 baths. attic. large front porch double i, rear ear
brick garage: lot 25.l45 IT.: inspection by
appointment. Phone Adams 1852. 49,
11O7 E. CAP. ST.-lO r. AND r.. ELEC
lights. fur. heat: large double garage; in.pec
tion by permit only. JOS. A. HERBERT &
SONS SO L. Cap. st.
COI.UMBIA HEIGHTS.
Two-fainily fiat. near l4th and Harvard
BRASwELL BROS.
NEAR 14th AND PARK ROAD N.W.-AN
attractive corner house with rooms apd
bath: all modern improvements. and easy
BRAsIELL BROS.
Main 411s. E------------1a 1913 Il st. NV.
TAKoMA PARK.
rage; large yard: anxious to sell. make offer
BRASWELL BROS.
Main 4116. 1918 Il st. NV.
OPEN DAILY ANi= SUNDAY
THE BEST HOME VALUES
OFFERED IN WASHINGTON TODAY.
800 TO 500 ST. NE.
Six rooms. tiled bath. h.-w.h elect. lights.
double hardwood floors, wash trays, servants
toilet. cement front porch. double rear
porches. Both with and without built-in.
heated garages. For sale BY
THOMAS A JAMESON,
Owner and Builder.
o06 n. Y. AVE. NV.
Main 55c6.
After Pm. Lincoln 6146-W
1919 4sh ST. NV.
PETWORTH.
SEMI DETACHED HOUSE. ROOMS.
BATH. FRONT AND REAR PORCHES.
DOUBLE GARAGE. l.. W. GROoMES, 1416
F ST.
VACANT: IMMEDIATE POSSESSION; $500
cash, balance easy terms: near North Capitol
and p SITS. NV; nice 6-room and bath: j.
room -deep plan; long lot: nice alley. Price.
n. r. HOwESsTEIN CO.
Evening star., 1922-09-13

I4th ST. HEIGHTS.
very attractive seven-room corner house,
with large tiled bath; hardwood floors; colo
nial front poech; giasssd-in rear porches; very
larkN lot: S-ear garaee space; every improve
msut end eonvsniencs has been provided. Price.
81, 500. ]
THOS. F. FARRELL.
So Woodward bldg. Maia soo
Evening star., 1922-09-13
PETWORTH.
PRICE. S.25o.

An unusually well built home 2a feet U de
Six large rooms, tile bath cement front por-h
double rear porches; hardwood floors through
out; electric lights. h.-w.h. Ample room for
garage. Located in a very attractive and
convenient section. Reasonable terms.
Evening star., 1922-09-13
EVANSVILLE.

EVANSVILLE.
Near High School; new 6-room semi bunga-
low: elac. and gas. Price. $1,000; $3.50 cash,
$50 per month.
A BARGAIN.
One-half acre; 4-room bungalow, large
chicken houses. electricity and near car line.
Price So 80. Easy terms.
IL ACRES ON BALTIMORE PIKE.
rooms and bath. gas ard pipeless furnace
garage. Fine for truck farm or subdivision.
Price low.
$3.50
Large new = room bungalow with electric
Try and one half acre Of land. within one-half
block Of car line. $50 cash, $50 month
This beats rent.
o. B. ZANTZINGER.
80 Maryland -A,c.. n!.t.s, ale Nd
Phone Hyattsville ~.
Evening star., 1922-09-13
SUBURBAN PROPERTY

*. u. AdCf II ENSoN.
200 Continental Trust Main 1885.
. Homeseekers. Attention!
Seven horse: ami: newly painted ana
pspered: in the one-fare zone; strictly white
section: lot 5Uy16 poultry house: grapes
ST. 500: terms: possession at once
Six room house. large porch. electric. gas
!. lots 4ux2no #. each: large grape arbor.
fruit: garage; blocks of trolley station: cor,
ner property: newly painted and papered; all
fenced: So .aW: $500 cash; terms.
ERNEST H. SHINN,
1888 Rhode Island Mt. Rainier. Md.
Phone Hyattsvile Ex. 1876
SIy ROOM BTNGALOW: ANIL: HIGH
elevation; forest shade; lot oOxl"O: S6ooo;
$1,000 cash: terms
New broom bungalow: ami: corner prop
erty; lot 87x151; ST. 300: $1,000 cash; terms.
New six-room bungalow: ami; $'''oo'
$1,000 cash: terms. =
New five-room bungalow; AMI; lot JoNiIo'
81. 500: $500 cash; terms. II.
Four-rOom bungalow, bath Eas, TUT. n
grapes: poultry house; lot toxl2'; S1W".
$500 cash; terms. For the above ahd o'her
rfIa. 500
Evening star., 1922-09-13
SPECIAL BARGAIN.
MT, PLEASANT

18th street near Kenyon. 10 large rooms
bath and steam heat; stationary tubs, front
and back yard. Garage with water and sew
EDGAR A. MILLER, 1850 St. NJ ssos.
New-York tribune., 1922-11-11
III. s. Steel Corp'n
Untitled Orders
Up 21O,68O Tons
Increase Larger Than Ex-
pccted; Total Bookings
Now at the Highest Point
Since February. 1921

UnfiIIed orders Of the United States
Steel Corporations on October 81,
amounting to 6,902,287 tons, brought
the total up TO the highest point
since February, 1921. The increase
over the bookings on September 30
was 210,680 tons, or considerably
better than previous estimates in the
financial district had indicated.
Based on it's present tonnage it is
estimated that the Steel Cooperation
could operate it's mills as capacity for
ak months to come without taking
another order. The increase of un-
filled orders over September indicated
business Of about l,250,000 tons in
October and shipments of slightly
ber shipments were about $4,000 tons,
and incoming business about 1,eo0,-
900 tons.
The increase in September bookings
totaled more than 100000 tons and
was unusually heavy because the rail-
roads placed large orders for steel
rails in order to take advantage of
the market before the increase Of SO
ton became effective on October 1.
During September there were also
substantial shipments Of finished
products held up by the car shortage.
This condition was not so acute in
October, although deliveries arc still
being retarded
The expected early settlement OF
prices on sheets and tin plate for
1923 will probably mean the placing
of large orders by the can companies
to an amount that will swell consider
ably the untitled tonnage.
New-York tribune., 1922-11-11
Growth of CAPITALIZATION and Mileage
Funded Capitai Ta+a,
Year. Debt Stock CaniSa,
1919. s2bS,soo,oo si7s.5oo 900 ssaa &oo nno
1929 s24.ooo.0oo 17s.2oo,ooo 500 eoo. 600

Between 1912 and 1922 the mileage
operated decreased from 2,os2 miles to
l,9S7 miles, or per cent.
|, The. funded debt and capital stock
here shown exceed in amount the totals
as set forth in the company's balance
sheets. The reason is that the figures
In the above table include the aggre-
gate. capital liabilities, outstanding in
the hands Of the public, Of leased lines
whose earnings are included in the
| New haven income account and whose
property values form part Of the
| figures.
The funded debt statement also in
ciudes certain promissory notes which
were issued and reissued from year to
year In increasing amounts as maturi-
| ties came due and we're finally funded
into long term obligations to the gov
ernment and secured by deposits of
collateral. In 1912 the amount Of
ent the company's Indebtedness to the
government exceeds $4,000, ,O00
Although New Haven's funded debt
| increased considerably between 1912
and 1922, the increase during the
decade prior to 1922 was very much
larger. If the funds realized had been
used solely in developing the railroad
property OF the company, substantial
benefits might have resulted, but an
fortunately, as it turned out. they
were not.
| Prior to 1900 the New Haven system
was practically all steam railroad, but
soon after that year the company
started in to acquire in one way or
another the trolly lines operating in
its territory. Ten years later it had
secured control of most of the street
railway mileage in Connecticut and
Rhode Island and a good part of that
in western Massachusetts. 1t is prob
able that more than half Of the pro-
ceeds realized from the capital in
creases made between 1900 and 1912
went for the acquisition of competing
| trolley and steamship lines and for
operations outside Of the railroad
sphere.
Finally the government called halt
and without the case coming to trial
settlement was reached whereby the
New Haven agreed to segregate In the
hands of trustees, and ultimately to
dispose Of, its holdings in a large num-
Der of these outside interests. AS
New-York tribune., 1922-11-11
'D1l Pont Co. Plans
To Distribute s0ov
Stock Ilividen,gd &
Cash Dividend poli.v !.
Increased CapitaIisstsm... =
TO Be Determined Late. ~
More ssMelons'' Pron...a. .. !, !,

An explanation for ths .s.
vance in e. ]. du pont do NJ NJ ae-
shares On the Stock .sslaours
seen in the announcement 80 r.ss vas
that directors have called sseT0sy
meeting OF stockh oIders for n.sptela
to authorize an increase n .sshi ~ ser
mon stock capitalization fyo,s, .ns so. soFa- s
900 to 500 900, 900. ''' 'oS'ooo-
At present there is outstasd,- a..
37S,300 common stock, ana soss
planned TO capitalize part Of :. Y
pany's surplus In the form, of y'p = ss soa'.
cent stock dividend. which n.y. ~ per
voive the distribution Of ssi ssa az a..
par value stock, bringing the o,ssa ,ies
ing total after the capital .sssha, ,ssssha
n1ent is completed up to apprordr.ssssss.' sss'-
sS5, 100000. ''''Assy
1t IS understood that the cash A..
dend policy on the increased s,..s Wv.
Of stock will rot be determines ssas W.
the meeting OF the directors AZ w ~
ruary 9. 1922, when the eapisai W "
justment is expected to have bes, ss's 80
sumated. At the end Of 1921 fha -. ~
pany had a total profit and lass 81
plus Of S6S,050,659, or the sou;n;s.
Of more than 500 share on fh..fs
isting common stock outstandiss
Other stock dividends vsys
nounced yesterday by che Babcass
Wilcox Company and the few.,sas
Title and Trust Company. Di,s,,s.s
of the LITTER propose to increass ~
capital from $4,000, 900 TO ss6aans
the new stock to be issued al q IA -
cent stock dividend A. proposs, 4.
also been made to increase sbe ea,ass
Of the Fidelity and Casualty Conn.rsf
the new stock to be issued an a.
per cent stock dividend, A srs.,ss
meeting Of stockholders has Lsss
called for November 20 20 votn A. s.
question. II the increase ts authoy,,ss
the par value Of The shares Viii s
reduced from 500 TO s2g.
An increase in capital from, taxa as,e
to $3.50, 900 by the issuance Of 4 in
per cent stock dividend Win ba snb.
mitted To che stockholders OF tbs
United States Guarantees Companv -
a special meeting called for NoTen.
Der %.
Directors Of the Standard OIL Con.
pany OF New York at meeting vas,
terday took the necessary aeticn To-
ward the 200 per cent stock diy;a.ns n
recently proposed. This viii reautge
the conversion into capital ssoek !;
$3.50, 100000 OF the compaay's suYrlus.
The new shares will hsve par vsins
Of s25 each, for which the existing
800 shares will be exchanged.
Announcement was nsds that 90
certificates Will be issued for fsse-
tional shares, but stockholders eststlsd
TO less than a share viii be paid iss
value based on the sversge prizes st
which the shares Of the comyaay ssii
on the New York Curb Msrset fru1
20 TO December !.
New-York tribune., 1922-11-11
Days Dealings i'm Bonds
The Market

| Weakness Of French bonds was con.
spicuous in the generally irregular
course Of foreign government issues In
yesterdays bond market. The 7Ms
broke through 9A for the frst time this
year and the ss slipped Off TO 97M. De-
partment Of the Seine rs and Paris
Lyons Mediterranean 6s also sold
lower. Czecho-Slovak and City of
Prague bonds declined, with little evi-
dence of support. Brazilian So were
another soft spot. in spite of the recent
announcement that funds for interest
and sinking fund requirements have
already been deposited with the fscal
agents here. British issues comprised
the firmest section of this group. Else
where interest was hardly more than
apathetic. Chile Is fell Off almost as
rapidly as they had advanced, selling
at one time below 113. Interborough
refunding 5s and other fractions gave
some ground. Fluctuations in corpora
tion issues generally were irregular, IL
largely fractional. Liberty bonds were
dull and little altered.
Rid and Askad nuofa$souu
New-York tribune., 1922-11-11

10 nEure the precise y.e,e ON a sons -
~ necessary to ESQ yield tables. su, an.
spproximate yieid car roughly ne spu,.s
out ny tho following formula: Divide ,ns
c.osahs quotation on bond into the rats
OK the annuai return. II the bond 4. a.u,n.
oeaow par you must allow also for tina
apnrscfation OF the principal To do .n,,
subtract the market auotasion from mar
or lss. ASA divide the remainder hv ,hs
Snn uSamner OF years the bond has 10 run hss
cant bond to selling at 70 and aas ssr psr
zoe yesFs @ 20 run; the ennual return win be s.ss
me cenr res me .difserSncs between par and
sEractinx E 60 from 100. Dividing ID poinss
~ son years. the cuotsent will Be i. Tsss
enaua! return. ana the result. ?.sS nav
can't. viii give you tie appyoxitnats vsa,M