davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-05-27
Great Northern Preferred

Question: own Some very good bonds
which purchased through your invest
OF Great Northern Railway per cent pre-
ferred, bought outright at 73. Would you
Kndiy give me your opinion Of Great
Northern Railway preferred present and
Tho return on this investment Is very
helpful to me.-F. NJ. T.
Answer-On several occasions atten-
tion has been called in these columns
to the fact that Great Northern pre-
ferred is to all intents and purposes h
common stock, subject to all the price
fluctuations of security which re-
fleets traders interpretations of earn
ings Of the road. The right to issue
common stock originally authorized
was surrendered nearly twenty ave
years ago, and there is now only one
class OF stock outstanding. Directors
Of Great Northern postponed action on
dividend at the quarterly meeting
several months ago, announcing that
the stock would be put on a semi-an-
nual dividend basis and that action on
the dividend would be taken at the
mid-year meeting. The fact that the
stock is selling virtually at the same
level as Northern Pacific, whose direc-
tors earlier in the year cut the divi-
dend rate from 7 to 5 per cent an
nually, has suggested to traders that
Great Northern directors might adopt
the same course at their next meeting.
We have no means of knowing what
action will be taken, of course. and
holders of Great Northern preferred
should be willing to accept a reduction
in income if directors feel that this
step is necessary
New-York tribune., 1922-05-27
Holds Interhorough Bond

ouestton--Relative to the Interborough
reorg nizatton, presuming that you are
familiar with the plan. I hold $1,000 In
terborough- metropolitan collateral trust
~ per cent bond. Does option No. mean
That II ! surrender my bond and pay Sl6o
cash I viii receive $1,000 ten-year per
cent note? In your opinion would this be
the most advisable course to follok---
j P. d
Answer.-1f you decide to accept op-
tion No. the result will be as follows:
You will pay $3.50 for $50 worth of s
per cent notes; you will retain your in
terest in full in the 81 900 INTERIOR
ough- Metropolitan bond YOU now hold;
after the trust agreement for the AZ
per cent bonds has been foreclosed the
trustee will sell the Interborough
Rapid Transit stock securing the rs,
and it is the plan of the committee to
buy in this stock and distribute it in
accordance with the degree of partici-
patton of the various parties of inter
est; finally, you will get the five shares
OF lnterborough stock now securing
your bond; you will also get your pro
rata share of the proceeds of the sale
Of other assets Of the Interborough
Consolidated Corporations these latter
assets have value which is estimated
between $50 and $50 per $1,000 bond.
The lnterborough Rapid Transit stock
is now selling around $31 a share.
New-York tribune., 1922-05-27
Itnly's Financial Position

The deal for the electrfcation loan
was generally accepted as the basis for
rumors that were heard yesterday Of an
Impending Italian government loan of
$4,000, 900 or $100,000,000 Such a
project has been under discussion from
time to time but so far as can be
learned. is not now on the tapis. A
year ago The Italian governments re-
qulrements for dollars were heavy be-
cause of it's handling of coal and wheat
imports, but these monopolies have
been terminated and the import move
ment from the United States is cur
rently financed through commercial
channels. Tourist travel in Italy this
season has reached unusually large
proportions, and this, coupled with the
steady flow Of remittances to Italy
from residents here is supplying dol
lars IN about sufficient amount to take
care of the current balance. The Ital-
IAN governments requirements here
are slim, as indicated by the fact that
only one external loan, of which SILL
100000 was originally sold, is out
standing in this market and that
amount has been reduced.
New-York tribune., 1922-05-27
Stock Prices
Go Higher in
Active Market
Rise Accomplished Without
leadership of Any Spe-
cial Group, but Emphasis
Is on Standard Issues

/ prices In yesterdays stock market
..v;.t.red an appreciable upward drift.
al. advance in the average level Of
.-,..ticns on both industrial and rail
-o.d shares representing the most posi-
80. movement of the week. The rise
81. accomplished without leadership of
.-r specific group of stocks, but was
,,sueneed by the speculative emphasis
=. half a dozen well-diversifed pool
,.,erites and standard issues. 1t was
IL, substantial gains in active trading
=, such stocks as Studebaker, Mexican
r,t,oleum. United States Steel New
s,s.n and Brooklyn Rapid Transit that
.,.resme the irregularity in force dur
u, the early hours and determined the
AL Characterization Of the session.
rvs phases of the dealings in stocks
.dd.i interest to the trading period.
NJ .swe, the favorable attention de-
,,..d to the rails was perhaps the more
rcortsnt, as it marked the first occa-
sion since announcement of the rate re-
dae.ion that genuine. general demand
70, the stocks of carriers had been in
evidence. A factor in this division was
the growing impression in the Street
that = compensating cut in the wages OF
railroad labor-whether fully off
setting the loss in freight revenues is
still uncertain-was shortly to be or
d.red The second element that dis
tinguished the session was the demon
stration that strength was independen Mt
in large measure of money ease. The
csll loan rate, after starting auspi-
siously Mt IA per cent, was moved ur
to per cent before the close without
considerable check to the rise of stock
prices.
Announce Of new issue of 8 u
per cent Treasury certificates, bearing
out forecasts, threw added light upon
the reasons for the rise in Liberty
bonds These continued in active re.
guest, with the fourth 4As fraction.
ally improving upon their previous bes,
price. Otherwise, the bond market was
given to lrregularity
Foreign exchange rates experienced
only negligible variations. A loss of
few points by francs was the most con
spicuous change. the market as 8
whole being apparently insensitve te
lloyd Georges speech and the sub
@Quent vote of confidence accorded
IN.
Cotton prices netted gains ranging
rom 80 to so points, the rise being as
ccated with covering by July shorts
ID the movement seemingly resting or
aternal market considerations rather
IAN outside news. Wheat was irregular
lay options declining slightly and the
lw crop months registering insignih-
cait gains.
New-York tribune., 1922-05-27
nia-Carolina rs. l947

Question: in to-day's paper The
yirsin'a vi. n ol Carolina @ Chemical cornpany has
bonds to retire the present 5s Ny broth her
has 81, 600 OF the frat mortgage 5s which
you thlnk II adVisa Bile to sell his IS and
buy the new Is? DO you think the new Is
good investment FOR man who is
you suggest something else for his 50 600
How about tSraus bonds? Is NJ, x. e. T
r. r.
Answer-Virgnia Caroline Chemical
5s, due December l, 1923, are selling a.
about par and are redeemable at 10E
and interest on thirty days notice. If
the company should decide to call
these bonds before maturity, it would
have to pay premium of per cent
and it may be that it will prefer &c
wait until maturity to pay off the
issue, inasmuch as little would be
gained by anticipating payment now
The new per cent bonds recently of
fered form good investment, in oul
opinion, for person in position tc
watch earnings of the company. This
company was particularly hard hit BY
the slump in cotton, which resulted II
reduced planting IN 1921 and conse-
An improvement has taken place, but
just how the company has Jared will
not be generally known until the an.
nual statement for the year ending
May 81, 1922, is issued. S. w. Straus
& Co. have been in business forty year.
and have good reputation for selection
of property for financing. Their bond
are suitable for an investor ir a posi-
ton to hold to maturity and not par
ticular about limited market ability
The new Missouri, Kansas G. Texas
securities will not be issued until thu
reorganization has been definitely ap
proved, and they are traded in nov
only on a when issued" basis. Tn,
bond is a fairly good investment. il
our opinion, although delivery canno
be expected until late in the year
New-York tribune., 1922-05-27
De la Huerta Due Here Sunday

Adolfo de la Huerta, Minister of Fin
ance of Mexico, is scheduled to ar
rive here some time on Sunday for
the approaching conference with the
international committee of bankers,
according to adviccs to hand yesterday.
This news disposes of the report that
he might visit Washington en- route
and also of doubts that he would ar
rive before June 2 or 3. 1t WAS also
ascertained thar Paul Won Schawbach h
viii certainly attend the meetings as
the representative of German holders
of Mexican securities. The detailed
agcnda for the conference, which is
expected to start June 2, will probably
not be available until after the re-
turn on the Olympic of Thomas W.
Lamont, of J. 2. Morgan & Co. III
health VIII prevent De la Huertas at
tendance at the dinner which MIR. La
mont viii give to the confcrecs on
the opening day, but the other bankers
and delegates Interested are expected
to be his guests.
New-York tribune., 1922-05-27
Cali Money Advances

The increase i'll the rate on call loans
yesterday from 314 per cent at the
opening to per cent before the close
marked rcversion to the typical
Friday experience in the time Of s and
per cent call money The borrowers
have lately held substantial ad .
vantage IN the market and it has been
more usual during recent weeks to see
call funds cheaper on Friday than dur
ing any other trading session, because
ot the competition of banks to put
their funds out over the week end. No
special explanation OF yesterdays
stltFeninc in the rate appeared beyond
the fact that temporarily supplies were
not pressing and a establishment of
loans emphasized tho proportions Of
demand.
New-York tribune., 1922-05-27
Mississippi River Power Bonds

Question-Will you kindly give me some
information on tho following bonds; Mis-
stssippi River Power Company first mort 70
gage 5per cent bond. due January J.
1881? Is this high grade bond Does
1t compare with the Montana Power Com
pany first and refunding mortgage 5s OF
1898? DO you cal it suitable for con-
servative tnvester III. S. c.
Answer - Mississippi River Power
Company first mortgage S per cent
bonds are we'll secured, being lien on
the entire property Of the company
We rank it as a good investment. The
Montana Power first and refunding SIS,
1943, are perhaps slightly more market
able in New York, being listed on the
New York Stock Exchange, but the
Mississippi River Power Company s
first Is, 1851, are listed on the Boston
Stock Exchange. and we do not think
you would have any difficulty in buying
or selling these bonds.
New-York tribune., 1922-05-27
international Great Northern

With the valuation of the Interna-
tional Great Northern determined On
a favorable basis by the Texas COM
mission, interests in charge of the re-
organization of that road have been
enabled to make rapid progress on
that plan. 1t is reliably reported that
the syndicate letter setting forth de-
tails win be sent out within day or
two. No new light has been shed upon
the facts of the plan.
New-York tribune., 1922-05-27
Campbell Denies Inland Deal

James A. Campbell, president of the
Youngstown, Sheet 6, Tube Company,
at the American Iron and Steel Insti-
tute meeting in the Hotel Commodore
took occasion to deny reports yester-
day that negotiations are in progress
for a merger of his company with the
Inland Steel Company of Chicago No
new Developments were reported with
respect to the ive-company merger, but
so far as is known efforts are still be-
ing made to include Inland in this com
binc. Failing this it is believed that
Midvale and Republic will reach aeon
solidati0n agreement.
New-York tribune., 1922-05-27
What's Behind Active Stocks -?
4=Pennsylvania

The Pennsylvania Railroad Company
operates 1889 miles of road, of which
3,033 miles are owned and the re-
mainder operated under lease and
trackage rights. Stocks of other rail
road, coal and real estate companies
owned have an aggregate par value Of
1884 ,l06, 600 The company has S499,-
10000 of stock outstanding and a
funded debt, including assumed obliga-
258, 900. On May /, 1922, there were
l40,393 stockh olders, including ss,432
women. Dividends have been paid
every year since 1858. Between 1900
and the spring of 1921 the rate was at
least 6 per cent. with extras of l per
cent in 1907 and one-haf per cent
in 1906. The rate was reduced to 4
per cent in May, 1921, the lowest since
1880. The Pennsylvania Railroads
property Investment, according to the
1921 balance sheet, was S1,6O6 900 900.
Earnings in 1921 were at the rate of
2.6 per cent on this property invest
ment or 4.87 per cent on the capital
stock. The system owns about 150,-
600 freight cars, 4,100 passenger cars,
4,l00 locomotives and 5000 pieces of
work equipment Total assets at the
end of 1921 were $1,956,915, 900. The
company mas q large non-OpeTatlng IN
come In 1921 it totaled s38,036 900
Net operating income last year was
s4l ,222 900 According to the March,
1922, statement the operating ratio had
been 10 wered to 1888 per cent, COM
pared with 104.l in 1920 with 931 in
1919, and 906 in 1918. Range Of stock
since 1912: High, s2s in 1912, low
32A nj 1921; yesterdays close 4l%.
Book Value of United States Steel
Through typographical error in the
analysis Of United States Steel. pub.
lished in this column yesterday, the
net tangible assets applicable to the
common stock was made to read 1929 .4e
share The figure should have beer
New-York tribune., 1922-05-27
Martin Parry Closes Lumber Contract

Martin Parry touched new high for
the present movement yesterday, fol-
lowing the announcement that the com
pany has closed Il favorable contract
for lumber covering period of five
years. which insures adequate supplies
during that time and will make pos
sible more stable margin of profit
AT present the company is dependent
upon current market quotations for
lumber. The policy of the company in
installing branches throughout the
country has proved very successful, it
was stated, sixteen branches now being
in operation at various points from
Boston to San Francisco.
New-York tribune., 1922-05-27
In Wall Street
Italian Electrificatfon Loan

Negotiations are reported in progress
for the hotation here Of $4,000 900
loan to private interests in Italy in
charge of the clectrifcation Of that
country's railroads. The financing is
expected to take the form Of n bond
issue Of the Italian Edison Company
and is understood to be part of the
general program in which Aldrcd e. Co.
have interested themselves through
buying into several Italian industrial
concerns. No information was avail
able at the firms Offices, but a full
statement will probably be made next
week
New-York tribune., 1922-05-27
London Market Irregular

LONDON, May % Trading was
quiet and prices moved irregularly on
the Stock Exchange to-day. Bar gold
was quoted at 93s sd; money was
loaned at q per cent. Discount rates
were: Short bills, "a per cent. Three
month bills. 2as per cent.
Consols for money were quoted at
81 1s, British per cent loan at 997s and
British 4i2 per cent loan at 96.
New-York tribune., 1922-05-27
Investment
Information

Questions of general interest to in
Uestors WiH bs nnsWeyed in this col
umn, In whioh case only initials wiH
be used. Others Wiu be nnsucred By
n1uiL. Address all inquiries. inclos-
ing stamped. dddressed enpclope, to
Financial Editor, The Tribune, I5A
Nassau Street, New York City.
New-York tribune., 1922-05-27
aris Market Firm

PARIS, May 26. Prices were firm
on the Bourse to-day. Three per cent
rentes, 81 francs 80 confines; exchange
on London, 48 francs % centimes;
per cent loan, II francs 40 centimes.
ne dollar was quoted at 10 francs 90
centlmes.
New-York tribune., 1922-05-27
The Dollar in Foreign Exchange

Foreign exchange rates continued
within a narrow range yesterday,
changes being small at the close. Cable
rates on London fell back an eighth
Of cent, to fraction below S4.45.
Francs sold slightly lower.
New-York tribune., 1922-05-27

Bank Ciearings gs-Bank clearings at
New York yesterday were: Exchanges,
s665,s00, 900; balances, s64,o0000o.
Silver-London, 369sd; New York
domestic bar, e9fsc; foreign, 72Ac;
Mexican dollars, 55Ac
New-York tribune., 1922-05-27
The Dollar in Foreign Exchange
Continued from First Column,

BRAZIL (par 81 As cents a paper milreis)
Demand ....-.-l3.75 1920 1850
Cables ....... .93L 1895 1872
+ ERR (par S4.S6 a pound}
Checks ,....... 3.73 SIS 90
ECUADOR tpar As 50 cents sucre)
Checks ........ 2T.47 27.47 2SSl
CHILE (par 3s.5 cents peso)
Checks ..,...-. i2lsa4 1225 lls7i.
URUGUAY tpar 1882 cents IA pesol
Checks ........T9S0 1885 1850
VENEZUELA tpar 1913 cents bolivar)
Checks ..-..--.ls5S 1855 1850
Canadian Exchange-New York funds in
Montreal, per cont premium; Montreal
funds in New York 5. pef' cent discount.
New-York tribune., 1922-05-27
Closing stock quotations were:
Bid and Asked

Following are the closing bid and
asked quotations Of stocks listed on the
Stock Exchange in which there were
no transactions yesterday:
New-York tribune., 1922-05-27
Money and Credit

epening and renewing ct 3i8 per
- yesterday, call money held at that
.slre during the morning but was
stseQuently advanced to per cent,
zen to Az, and finally 70 per cent.
.upplies appeared plentiful early in
session but as the day proceeded
4 ere was a contraction Of offerings
with some calling of loans.
..me money was quoted without al
, rDGton, transactions consisting
The Alaska daily empire., 1922-09-01
DEPARTMENT OF THE INTERIOR
United States Land Office.

Juneau, Alaska, July Z, 1922.
NOTICE IS Hereby GIVEN that
Chester l.. Gelstnger. Amalga. Al
aska, has submitted final three
year proof in support of his home
stead entry serial 03757. for lands
embraced in HE survey No. go, new
series No. 1174, situated on the s..
side of Herbert River, in the Eagle
River Valley, Tongass National For
est, Alaska, and in latitude So 81
06" NJ; and longitude 134's 49, W.;
and more particularly described as
follows:
Commencing at corner No. /.
whence UsLM No. 81 FS. bears s.
IA OF W. 6S.O4 chs; thence N.
So a. w. 2723 chs to corner No.
2; thence N. TO- o8' W. 1884 chs.
to corner No. 8 NC. on the line
Of ordinary high water OF Herbert
River; thence meandering the said
Herbert River ~ N. AZ co. E..
40 chs; CD N. 22' co. e. $50
chs, CD N. @ co. w. $50 chs:
"a N. go As e. 800 chs: 60
s. 45' 80 f. $50 chs: go e.
$50 chs: ca N. AZ as E. 40
chs; go N. o. 80 e. $50 chs;
90 N. 72' IS e. $50 chs: (1O
IN. So go f. 200 chs: (11) N.
At as e. 500 chs: u2) N. ST.
Is f. $50 chs; (13) N. 81 A.
r. $40 chs; (1D N 81 or e.
2.O6 chs. to corner No. 4 NC. ON
the line of ordinary high water Of
Herbert River: running thence s.
I12' 02' e. 49.75 chs. to corner No.
s; thence S. 1T 05' w. 20 chs. to
the place. of beginning. containing
an area of 1861 acres: variation
81 2S' e.
FRANK A. BOYLE.
Rsglhtsr.
First publication. Jdly -. 1874.
Last publication. SGpt. 3. 1871.
The Alaska daily empire., 1922-09-01
BIG SNOW STORM
BLOCKS LOUISE
OFF ELDRED ROCK
Forced to Return to Haines
for Shelter Last Night
Heavy Wind.

A heavy snow storm and strong
gale 81 winl below Eldred Rock last
might forced the steamship Princess
Louise to turn back at that point
for Ha.nes, where the boat dockei
until 2 O'Clock this morning, ac-
cording TO a statement made this
morning by officers OF the ship, when
It was in port, southbound. The
Princess Louise left Skagway at I
o'clock last night for Juneau Below
Hines the ship ran into heavy
gale bat continued on until below
Eiired RCck when il was struck by
the snow storm with the wind.
CAPT. A. Slater turned the ship
back to IIhines. The snowfall cama
UP the Canal and did not If: until
2 O'Clock in the morning. when the
Princess Louise left for Juneau, ar
irving here at 100 o'clock this morn
ing There wore two inches OF STOW
at Ha.nes whon the ship left that
pert. according ID passengers.
The Princess Louise is returning
to Vanccuyer on the last trip of
he season. About three-fourths of
-,le passenger SPACE is taken. South
toun1. The ship will be run be-
! tween British Columbia ports until
next Summer when h viii be put on
The Alaska run again.
. Passengers leaving Juneau on the
Princess Louise for the South were:
Ma Ftlelvn Schmidt Mrs l.
Kern, l.. A. Kern. Miss Lnella
Smith. Mrs. F. Holmes, F. Holmes,
b. T. Decker. ". Johnson. Fred Pear
son, H. c. Carlisle. w. Newsander,
r. f. Cornell, Mrs. G. w Burford,
Miss M1rgar'e Callahan. G. Hendris,
+. r. Bancrcs,. Oak Olson. Mrs. Oak
olson. Miss Ruin Ficken. Miss Gladys
/ F'orreat, Mrs. s. Heisel. Mrs. c. F.
| Freuad. Robert Webster
The Alaska daily empire., 1922-09-01
LAUNCH HELIANThUS IN
RUN THROUGH SNOWSTORM

The launch Helianthus. tender for
the U. S. Coast and GeOdetic Sur.
vcy Ship Explorer, arrived in rori
last night from Funter Bay The
Lynn Canal, enroutc here and was
covered with fine slush when it ar
r,ved in port.
Ben Rigs, officer with the Survey
arrived here on the Helianthus. in
charge of the boat.
The Alaska daily empire., 1922-09-01
GAS BOATS IN PORT

The gas boat Dixon, Capt. Tom
Smith, is in port after cruise of
several days in this vicinity. Capt.
Smith expects to leave again this
week
The Murreet is in port from Ten
akee.
The Apex No. /. tender for the
E. Nido mine. is in port waiting un-
til the arrival of the Alameda. J
Fl. Cam. President of the FL Nido
Gold Mining Company, is returning
en- the Alameda from business trip
to the South.
The Alaska daily empire., 1922-09-01
STEAMER MOVEMENTS

Northbound
SPOKA NE due to arrive at one
O'Clock in the morning
ALAMEDA due to arrive tomor-
row morning between s and 8
O'Clock.
JEFFERSON due to arrive Sun
day.
ADMIRAL EVANS due to arrive
Monday night.
Scheduled Saiiings
ESTEBETH will leave tor
Skagway at II p. m. Monday.
PRINCESS ALICE scheduled to
shin from Vancouver tomorrow
night at Q O'Clock.
QUEEN scheduled to sail from
Settle September 5.
oouthbound
ADMIRAL WATSON southbound
at o'clock in the morning
RTHWESTERN scheduled
sori Inbound between 6 and s
o'clock tomorrow morning.
The Alaska daily empire., 1922-09-01
Investigating Death Of
Former Movie Director

LOS ANGELES, Sept 1.-The for.
mer wife e. William Desmond Taylor.
siain film director. has started an
4rds"endent Investigation Of the muir
der based on alleged and authentic
evidence indicating a clue lies In
Taylcr's correspondence and Cancelled
checks. The formcr Mrs, Taylor.
now married 70 wealthy Eastern
manufactures, beiiwes some woman
committed or instsxated the murder.
Old bundles OF newspapers at the
The Alaska daily empire., 1922-09-01
Railroads Double GUARDS
AS Result Bomb Explosions

Ell PASO. Tex. Sept. /. The
ralrCrds have placed additional
guards on duty as the result of
bomb explosions in the yards of the
Rio Grande. FL Paso & Santa Fee rail
road Quick work Of a guard who
buried one of the bombs from a
sleeping car saved the lives CT sew
eral sleeping mon.
The Alaska daily empire., 1922-09-01
CLASSIFIED ADS

IS The MEDIUM

IS The MEDIUM
Through which the general
public can always have its
wants supplied.
Closing time for classified
advertisements: 2 P M.
Closing time for display adj
yertisements: II A. M.
CLASSIFIED AID RATES
Ten cents per line first in
sertion.
Five cents for subsequent in
sertion.
Count five average words to
the line.
The Alaska daily empire., 1922-09-01
SANITY LEAGUE MAN
OFF FOR KETCHIkAN

Fred l.. Walker. special repres enta-
tive of the Sanity League OF Amer
lea. expects to get away tomorrow
Cor Ketchikan where he will con-
time his organization work. Mr..
Walker IS very well satisfied with
the result Of his work in juneau,
Skagway. Haines. SStka and other
points in this section.
81 feel under obligations to many
for the Sanity League of America in
this and ne:ghboring cities" said Mr..
Walker.
The Alaska daily empire., 1922-09-01
Tides Tomorrow
ESTEBEIH LEAVES-WILl
PUT IN AT CHiCHAGof

The mail and passenger boat Este
beth left juneau at ii O'clock last
night for S3tka and wayports. This
got
Passengers leaving Juneau were
For Stka-J. s. 5, ioAney. For Hoo
nah-E. r. Schultz. For Hawk In
let. S. Robe