davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-05-24
Union Bag and Paper os.

This years new corporation financing
has given to investors selection or high
interest bearing bonds of unmistakable
quality. Many of those bonds have ad-
vanced to little more than their offering
prices Consequently their yields are
superior to those OF more seasoned
issues. A notable instance is the Union
Bag and Paper Corporations first mort
gage gold twenty years per cent. series
A bonds, due In 1912, which can still be
purchased at discount and thus yield
more than go per cent. The corpora
tion is the largest manufacturer OF
paper bags in the United States supply
ing approximately double the output OF
its nearest competitor in its line. These
first mortgage bonds are secured by a
direct first mortgage on all its proper
ties. subject only In part to the prior
liens OF two small non-callable divisional
issues totaling $4,000. They are Sc
cured also by pledge Of the companys
ownership of capital stock of the ST.
Maurice Paper Company. Ltd. compris
ing more than 61 per cent. OF the out
standing stock of that company. The
aggregate of fixed assets, net and in
vestments subject 10 the lien of this
mortgage is s17,2sS,570. or more than
two and a half times the principal
amount of the bonds outstanding. On
the basis OF the company's balance
sheet as of December 81. 1921. its cur
rent assets are more than seven and
three-quarter times its current liabilities
and its net tangible assets are more than
three and one-third times the aggregate
principal amount of the bonds out
standing.
The New York herald., 1922-05-24
TO OFFER STAMPED
ROCK ISLAND NOTES
Bankers Will Test Market for
Subordinate Railroad
Obligations.

An interesting test OF the investment
market and the attitude OF investors
toward subordinate railroad obligations
Will be furnished by the offering OF
S2,345,000 Chicago. Rock Island and Pa
cific Company per cent. equipment
trust notes. which have been stamped
as subordinate in lien 10 $3.50. 400 prior
lien notes now outstanding. Freeman
& Co. and Hayden, Stone & Co. are
to 1885, and will be offered at prices
TO yield from 5.25 to SIS per cent.
Approximately $3.50 900 OF equipment
trust notes have in the last few months
been sold by the Director General OF
Railroads through the United States
Railroad Administration to bankers.
About 500. 600, 900 of these notes repre-
sen'cd two-thirds of the cost OF equip
ment purchased by the Government for
the railroads. The remaining one-third
was stamped as subordinate in lien.
These stamped notes were taken by
the Government and have since been
held during the sale of prior lien notes.
The supply of prior lien notes having
been exhausted, it his been decided to
feel out the investment market with
the current offering. and IL it is well
received the Director General of Rail-
roads will be able to dispose of the
balance OF the Governments holdings
of subordinate lien notes. Bankers have
selected the notes of the Rock Island
as among the more attractive or the
so-called stamped" notes.
The New York herald., 1922-05-24
INVESTMENT NOTES.
Great Northern 5Ms.

The yield from the general mortgage
series b 515 per cent. bonds or the
Great Northern Railway, due In 1907,
based on their present yield. compares
favorably with returns from other long
term railroad bonds not redeemable be-
fore their maturities. The Great North
ern 5las S, amounting to $30,000,000. were
offered originally by ]. p. Morgan q
Co.. for 961a early in this year. They
are now selling in the New York Stock
Exchange for prices to yield about 5.4s
per cent. The bonds are secured by
direct mortgage or collateral lien on
1875 miles of road. and substantially
all other property of the company. In
cluding terminals. leaseholds. equip
&c. They are a first lien on 23S
miles of track. second lien on 2,11l
miles, second collateral lien on $40
miles. third lien on Ali miles. and
a fourth lien on 66S miles. Under the
mortgage. $74S.431, 300 of bonds is au-
of which $115.000.000 of series
A Is, and 100000 of series B 51as
are outstanding. The series A IS were
issued for conversion into Northern
Northern joint fifteen year
6las.
The New York herald., 1922-05-24
wcIch Grape Juice So.

Many investors find the securities OF
well known. largely advertised concerns,
more satisfactory than those Of corpora
tions not so widely known. Among in
dustrial corporations constantly in the
public eye is the Welch Grape Juice
Company. In June, 1921. the company
borrowed s1,0oo.000 on an per cent.
absolute closed first mortgage bond
issue. At that time IL owed TO banks
$2,000,000. Those loans have been cut
to less than 100000 and the company's
inventory worked down TO normal The
company's business in March was re-
ported to be the heaviest OF any month
in its fifty-three years of existence.
The amount of the Welch SIS is so small
that there is only very narrow market
for them. They can be purchased, how
ever, TO yield about 765 per cent and
are secured by closed first mortgage
on the company's manufacturing plants
and by pledge OF the capital stock.
The companys net quick assets must
be maintained at 125 per cent. OF its out
standing bonds during the life OF the
Issue Its net profits after all taxes
and depreciation for the last five years
have averaged more than three times
the annual interest requirements OF this
issue. The bonds are convertible at any
time into the company's common stock
at the rate OF $1,000 face value of bonds.
plus $50 in cash for every thirty shares
of the stock
The New York herald., 1922-05-24
Average Bond Prices
May %, 1922.
BOND NEWS AND NOTES.
New Grand Central Palace Issu

A new issue of s2,750,0o0 of the Mer-
chants and Manufacturers Exchange OF
New York (Grand Central Palace and
Park avenue annex twenty year sink
ing fund mortgage per cent. gold bonds
is being offered at 99% to yield slightly
more than Z per cent. by syndicate
composed of Tucker. Anthony G. Co., Otis
& Co and William Henry Barnum & CO.
The bonds are to be dated June l, 1922.
and will mature on June l. 1912. The
proceeds of the issue will be used for
the construction of twenty story Office
building, valued at s2,000,000, and alter
ations will be made in the Grand Central
Palace. The bonds will be secured by
closed mortgage on the leasehold cover
ing the block from Park avenue to Lex
ington avenue, between Forty-sixth and
Forty-seventh streets. and the building
thereon. known as the Grand Central
Palace. and it's Park avenue annex to
be erected. The property has been ap-
praised at $4,000. 900. A cumulative
sinking fund. sufficient to retire the
whole issue by its maturity. will begin
to operate Immediately.
The New York herald., 1922-05-24
Municipal Offerings.

Keane. Higbie & Co. are offering to-
day new issue Of $740000 OF Az per
cent. serial bonds of Lansing. Mich. to
yield about 4.10 per cent. The bonds
are due in 1887 TO 1916, inclusive. are
issued TO provide funds for the erection
Of an electric light and power plant, and
constitute direct general obligation Of
the city. They are exempt from Federal
income taxes and are legal investments
for savings banks and trustees in New
York. Massachusetts and Connecticut.
The city of Cambridge. Mass, has sold
its temporary revenue loan of 5000. 900.
dated May "a and maturing on Decem-
ber Is. 1922. to Goldman. Sachs & Co.
at 3.44 per cent. discount, plus s1.25
premium.
Sherwood & Merrifield are Offering
10000 of Az per cent coupon bonds
of the town of Man1aroneck. n. Y, to
yield AIS per cent. They will mature
in lots OF $1,000 annually on June I,
194s. TO June 1. 1867. inclusive. and are
legal investments for savings banks and
trustees.
The New York herald., 1922-05-24
Delaware and Hudson SIS.

A bond Of the character OF the Della
ware and Hudson Company's fifteen
year las. due in 1897, selling for a price
to yield about 5.52 per cent. In compar-
son with many other railroad bonds,
should appeal to conservative investors.
These bonds are redeemable as whole
after 1882. but their redemption price
105. is so far above their current mar
ket prices that the investor would be
compensated. They are direct obliga-
tions OF the company. but not secured
by mortgage. Under the provisions of
the indenture, however, the company
covenants not TO create any new mort
gage or deed of trust on any Of its lines
unless effective provision be made in
such a new mortgage that the. bonds of
this issue shall be ratably secured. This
issue. amounting to s7.500000 was sold
py the company in March to pay at their
maturity for s6.o00.000 of first lien
equipment AIS. due on July /. 1922.
and for other corporate requirements.
The New York herald., 1922-05-24
United Kingdom 5H..

A foreign government obligation that
should interest discriminating inves-
tors, particularly those purchasing bonds
OF smaller denominations, is the United
hlngdom OF Great Britain and Ireland's
twenty year gold 51a per cent. bonds.
due in 1887. The bonds are not re-
deemable before their maturity and are
not affected easily by fluctuations of
sterling exchange. For their current
prices on the New York Stock Exchange
investments can be made in them to
return about $50 per cent. to their ma
turity. They were issued to refund
an equal amount Of two year 51h per
cent. convertible notes. which matured
on February !, 1919. and are direct OBJ
legations OF the United Kingdom of
Great Britain and Ireland. Interest on
them is payable February 1 and August
In New York or London The bonds
are In coupon form and obtainable in
denominations of 800. $500 and $1,000.
The New York herald., 1922-05-24
Municipal Bids.

The city OF Montevideo has opened
bids for s7.000.o00 of its twenty-five
year bonds, carrying a maximum of ia
per cent. interest. The loan has long
been pending. Local bankers had not
received last night word OF to whom the
issue had been awarded.
The Province of British Columbia
opened bids yesterday on s2,000000 OF
it's per cent bonds, their proceeds to
be used partly for refundlng purposes
and partly for irrigation and soldiers
bonus. Alternative bids were asked for
for twenty-three and five year Issues.
Dillon. Read e. Co. bid high on the
twenty-three year bonds at 50 and
Ames. Emerich & Co. bid high on the
five year bonds at 97i4. No news OF
award of the issues was received yes
terday.
Winnipeg will award tomorrow 10 the
highest bidder an issue of s3.000.000 OF
its per cent. bonds. due in 1852. Its
principal will be payable In New York,
Chicago. Montreal and Toronto.
The New York herald., 1922-05-24
nile Copper EmpI-c O & Fl GreasNorth Ry

'Ao ipoA
5......9 .91l4
Hooking Valley
con 4hs 1899
1...... .s5l2
Hoffman Mach
10-yr IS 1882
1......9 30
olland-Amer
6s 1857
rece pts
"a. .Q2lo
The New York herald., 1922-05-24
LIBERTY 31sS NEAR HIGHEST.
Heavy Dealings Push Prices TO
10000; other War Loans Follow.

Heavy dealings in the tax exempt
Liberty 3h per cent. bonds yesterday
sent them up to within few cents OF
their record high price for 1922 The
Liberty 3ihs advanced from low
mark Of 1881 TO high price of 1oo.0f
for the day. The highest price touched
hy the Liberty ans this year has been
l0c06.
Liberty AVS finished the day at par.
n not advance of 10 cents from Mon
days quotation. The highest level ever
reached for the bonds since their origi-
nal sale was 102.5O The rest of the
Liberty and Victory bonds also added
10 their recent gains
The New York herald., 1922-05-24
FINANCIAL NOTES.

Floyd. Jones. Vivian Co.. members OF
the New York Stock Exchange. have moved
TO IA Wall street.
w. G. Langley a Co.. 115 Broadway. have
issued summary of the plan OF readJust-
ment of the Interborough Rapid Transit
Company and the Manhattan Railways COM
pany. with particular reference TO those COM
psnies' securities.
The Equitable Trust Company of New York
has been appointed transfer agent OF the
Skelly oil Company's stock. effective juno J..
The Columbia Trust Company has been
appointed the depostary Under the voting
trust agreement dated MAY .. 1922, for tho
deposit OF stock OF Bonwlt. Teller Co.
w. l.. McKenna. senior partner of the
firm of Plympton. Gardiner Co., Will said
to-day on the Paris for Europe.
Tile Industrial Commercial Development
Company consisting OF Herbert f. Rau and
Leon b. Ivey, 1874 Broadway, has been dis
solved by mutual consent.
A. Iselin g. Co. have changed their tele-
phone number to John 54o4.
C. +. Chlds e. Co. have prepared a COM
parative analysis of farm loan bonds eussir
by Federal and Joint stock land banks. The
firm has issued summary OF bond oblign-
,ions OF the governments OF Hawaii. Porto
Rico and the Philippine Islands.
The New York herald., 1922-05-24
Melbourne Electric supply Co.

The only Australian public utility
bonds. issued in dollars. the general
mortgage 7las of the Melbourne Elec-
trio Supply Company, Ltd. due in 1864.
are considered desirable investments.
The company supplies electric light and
power In suburban districts of Mel
bourne. the capital and chief seaport
of the State OF Victoria and the seat
of the Australian Government. It's as
sets are valued at more than S1l,50O,-
600, against which its funded debt Is
only s4.664,S00. The bonds are secured
by general mortgage on all the COM
pany's property It's net earnings for the
year ended with August 81. 1921. were
more than three times its present inter-
est charges. An exceptionally high yield
can be obtained from the bonds. which
are selling for prices to return about
725 per cent.
The New York herald., 1922-05-24
n. and o. seeks s1.s4o, 900 Loam.

WAsHINGToN. May 23.-The Baltimore
and Ohio Railroad asked to-day the In
terstate Commerce Commission for per-
mission to issue s1.si0.000 in its 6 per
cent bonds. The securities. which will
reimburse the roads treasury for ex-
penditures made in betterments. will be
used as collateral for its short term
loan needs. The Baltimore and Ohios
subsidiaries also were authorized TO is
sue bonds and deliver them on the order
OF its trustees under certain mortgages.
The Sewel Valley Railroad In West
Virginia asked permission to issue s27O.-
600 of its 6 per cent. notes to finance the
construction OF It's branch lines reaching
coal deposits.
The New York herald., 1922-05-24
81. 500. 600 AEwi Project.

The Atlantic. Gulf and West Indies
Steamship Lines stockholders have au-
thorized the creation of a sl.S00.000 s
per cent FIVE year first preferred trust
indenture OF mortgage on the steel tank
steamships Agwistone and Agwismith.
The New York herald., 1922-05-24
oner f. r. Booth Company Bonds,

An issue of 100000 OF. the E. F.
Booth Companys IA per cent. first
closed mortgage gold bonds is being sold
in the San Francisco market by a syndi-
cate headed by Carstin & Earles. Inc.
and weeden & Co. 1t is dated May 1
1922. and will mature on May /. 1912.
The New York herald., 1922-05-24
Gdyr T & n
ist O. 1871

ls.s..llU
3.....115lo
CRANKY S. 1875
The New York herald., 1922-05-24
FOREIGN MARKETS.

LONDON, May 23.-Trading was very quiet
on the Stock Exchange to-day. Gilt edge
securities were rather irregular and oil
shares easy. There scarcely anything
doing In British industrials. Quotations
follow:
Bar silver. 367sd. an ounce.
Bar gold 93s. I'd.
Money. tx per cent.
Discount rates: Short bills and three
months bills. 2ss per cent.
2is per cent. consols. bIM.
British per cent. war loans, a9z.
Brltish AZ per cent. war loan 96.
De Beers. 1lss.
Rand Mines, 2A.
The New York herald., 1922-05-24

PARIS. May 23.-Prces moved irregularly
on the Bourse to-day. Quotations follow:
The New York herald., 1922-05-24
Des NJ & Ft u
LIST Is 1888

q. .oZ
Detroit Edison
fR lol0
The New York herald., 1922-05-24
7 FTHNCIStObuEHl
7Ls 1892
uhnrt tSrtsafl

f..... lOiiS iutunIuuhi Az
Gni Floc Co lst&ci b -
C. deb 1870 g.. 10
Pea. .105os Intern Cement
2 ..105l2 SIS 1923
Gnl Eiec Co 9.....114i2
deb 5s 1857 6.....114
g. 100f2 2. -. .1t33f
GIaV Globe& n Int 4 GtNorth
IS 1924 LIST 6-7s 1922
The New York herald., 1922-05-24
lnvincfblo
A 1881

uranDy os lvss Iowa Central
2...... 30 LIST IS 1888
Grind Trunk Ry 2. .s27a
rs 1919 Iowa Central
1.....1l23a ls 1851
.1123s 3. .47aa
The New York herald., 1922-05-24
Grind Trunk Ry
GtNorth bks 81

Continued on Following Page.
The New York herald., 1922-05-24
Globe& :
L. In1A

0..sssab bciS
Gdyr 7 a. Il
IS 1871
Great Falls tribune., 1922-04-20
LEGAL ADVERTISING
AsSIGNEE'S A SALE

ASSIGNEE'S SALE
Notice is hereby given, pursuant to
an Order OF the District Court of the
Eighth judicial District of the County
Of Cascade. State of Montana. made on
the 9th day OF April. 1922. in the mat
ter OF the assignment OF Liedholm &
Co. the undersigned will sell at public
auction In bulk, to the highest bidder
for cash. and subject to confirmation
b. said Court on Friday, on the 21st
day Of April. 1922. at Hoo o'clock. q.
M at the front door of the store. No.
21s Central avenue, Great Falls, Mon
tana. the entire stock of merchandise
and all the fixtures Of Liedholm & Co.
Separate bids are to be submitted on
the stock of merchandise and the fix
lures, and sealed bids may be submitted
to be opened at the hour of sale. Ten
per cent Of the amount bid to be paid
at date OF sale: balance on confirma-
ton of said sale by the District Court.
WHEELER COY,
Assignee of Liedholm & Co.
Great Falls tribune., 1922-04-20
ORDER TO SHOW CAUSE ON AP-
PLICATlON OF GUARDIAN FOR
ORDER OF SALE OF REAL


In the District Court Of the Eighth
Judicial District Of the State Of Mon
tana. in and for the County Of
Cascade.
In the Matter OF the Estate and Guard
ianship Of 10y Meisenbach, minor.
On reading and filing the petition OF
Sophia Kacher. the guardian OF the
estate of Roy Me!senbach, a minor.
praying for an order Of sale OF certain
real estate belonging to said ward. for
tho uses and purposes therein set forth:
1t is hereby ordered, that the next OF
kin OF the said ward, and all persons
interested in tho said estate, appear be-
fore this Court on Wednesday, the nth
day Of MAY, 1922. at 10 o'clock a. m.
at the Court Room Of this Court. at the
City Of Great Falls, IN said County OF
Cascade, then and there TO show cause
why AZ order should not be granted for
the sale Of such estate.
And 1t Is further ordered. that \ copy
of this Order be published, at least
three successive weeks before the said
day of hearing in the Great Falls Trib-
une, a newspaper printed and published
in said Great Falls. County OF Cascade.
Dated April Is, 1922.
H. H. EWING.
Judge.
Great Falls tribune., 1922-04-20
FOB sALE-FURNITURE

FUMED oak dining table; buffet; leath-
er bottom chairs; youths chair; large
leather bottom rocker; 2 fumed oak
| leather bottom rockers; library table;
telephone stand and stool; one golden
oak bedroom rocker and large dress
| er; brass bed and springs; sewing
machine; zinc top kitchen table. and
| other articles too numerous to men-
tion. 10S 18th st. No. Phone 1856.
Oak leather-seated rockers and daven-
port, library table. sewing table. din
| ing chairs and table, sectional book
/ case, dressers, brass beds, rugs (all
I sizes). garden tools, hose and lawn
| mower, water power washing ma
chine, etc. 1906 Second avenue north.
FOR SALE reasonable; fireless cooker,
odd rockers, hall tree, gas range. cleo
trio light fixtures, mahogany dressing
table, small dresser, commode and
sanitary couch Fone 6124. 1917
Fourth avenue north.
FOR SALE-Solid mahogany davenport
bed, upholstered in linen velour. Must
be sold at once. A rare bargain. 62S
Third avenue Southwest.
FURNITURE for sale: apartment for
rent. Please call In the forenoon be-
street north.
AM leaving city May /. Have five
rooms Of furniture; have got to SELL
Good location on north side. Phone
8218
Observation-Disclosures, four room flat.
A real bargain for quick sale. CaH
after noon. 725A First avenue south.
PLAYER PIANO, big selection rolls.
Victrola and White sewing machine.
Terms. 71712 Sixth avenue north.
TWO velour chairs, bed complete, dress
er, sanitary couch, kitchen table,
screen. 511 Fourth street north
FOR SALE-Round Oak range, two
burner oil stove with oven, oak writ
ing desk. Phone 1850.
ROLL-TOP desk for sale. Inquire r.
L. Humphrey. First Natl Bank.
TWO velour chairs, bed complete, dress
err sanitary couch. kitchen table,
screen. 511 Fifth street north.
FOR SALE-Fumed OAK davenport, up
holstered with genuine leather; as
good as new. 312 Blackstone.
LARGE Victrola and library dining
table, both fumed; sacrifice for quick
sale. 1927 Fifth avenue north.
GENUINE Spanish leather davenport
rocker, library table, oil heater. 514
Third avenue north
FURNITURE for s-room rooming
house. Good condition. Terms reason
able. Fone 82S5.
PLAYER PIANO, must sacrifice, leav-
ing city at once. lib Third ave. So.
BARGAIN in a piano and sectional
bookcase. 11O6 Third avenue south
FURNITURE OF 5-RooM HOUSE
FOR sALE-GOOD STUFF
Great Falls tribune., 1922-04-20
AUTOS FOR SALE

$45O.OO CASH takes Case 40 Speed
Wagon with new $25O.0O steel delivery
body, worth $1,000. f. H. Scott, 3Os
First avenue south.
1918 BUICK Roadster. 5000. Velie tour
ing, $3.50. Hudson Super-Six. Terms
Buick Used Car Dept, 301 First ave-
nue. north.
1918 FORD. touring for sale. Al me
chanically; good tires. A good buy
at $175.OO. 627 Central. Fone 1858.
FORD light delivery for sale. Price
$135.OO. good mechanically and good
tires. 2O8 Fourth street south.
LIGHT touring car, with starter; will
sacrifice for cash, or what have you
to trade? Phone 6024.
1918 FORD roadster in good condition,
priced to sell. SIS Sixth street north.
Apartment Z.
1919 BUICK Roadster, Al condition.
Buick Used Car Dept, 301 First ave-
nue. north.
FOR sALE-Delivery car. Model n
Hupp, good shape. Box 213 Tribune.
DODGE touring car; good running
order; $475.O0. 119 Central Ave.
FOR sALE-Indian motorcycle, SIC. 90.
IA Second street north.
FORD touring car, cheap; Ford truck,
q bargain. 8O6 Central.
Great Falls tribune., 1922-04-20
Is MONEY TO LOAN
s% AND SAFETY

compounded semi-annually on
~ Investments In monthly pay
W. ments; lump sums or paid UP
shares Safety; Real Estate Security;
Tax Exempt; State Supervision; send
for details. Savings Department,
Great Falls Building and 4oan Asso-
citation, 201 Central avenue. phone S644.
Great Falls tribune., 1922-04-20

ONE No. 2s Star Drilling Outfit with
tools at half price for Immediate sale.
Also one keystone drilling outfit
Holt Realty Co. IS Second street No.
WE will buy your land in Toole
county II price is right and not
leased
FAGAN & NORBY.
MAKE mo an offer for one or two units
Gordon Campbell Kelvin Syndicate. P.
o. Box 7S1, Stanford, Mont.
100 ACRES REIMBURSEMENT. in Fowler
dome. with 100 per cent oil, $500.
Logan. Ford building.
FOR SALE-2Oo shares Homestake Oil
company stock: 10 Gordon Campbell
units. 4o4 Ford block
FOR SALE-5O0 shares Greater Wyom-
Ing oil stock. .5c per share p. o. Box
$50. City.
$40 ACRES near Kelvin. most all tillable.
$40 acre with all the oil. Logan. Ford
building.
Great Falls tribune., 1922-04-20
s FOR RENr-FunNIsHED ROOMS

MARYLAND HOTEL-Furnished rooms
and apartments by day, week or
month. 512 Second avenue north.
Fone 9R16
Great Falls tribune., 1922-04-20
HELP WANTED-MALE


MEN-Wanting railway station office
positions with transportation furnish
ed, experience unnecessary, write
quick. Baker, Supt., Dept. 49S Vain
wright, ST. Louis.
WANTED-At once. a shoemaker who
can run Champion stitcher. Apply
Progressive Shoe Shop, Harlowton,
Mont.
Great Falls tribune., 1922-04-20
~ $50 Acres
Less than One Mile from
KEVIN=CAMPBELL.
WELL NO. 1

At rate Of only S1.25 per acre for one
per cent in entire tract of $50 acres
13 fortiesp granted government per-
NIT. This will go in chunk to dealer;
or two or more investors get togther
for best buy in kevin-next door to
discovery well--and buy right Quick
action necessary. Address Box 2os,.
Tribune.