davidaulloa/AmericanStories huggingface dataset:
The American issue. [volume] (Westerville, Ohio) 1912-19??, 1922-10-06
NEW ENGLAND BREWERY
HAS BRAND NEW MAKEUP

The New England Brewing Com
pany of Hartford, Conn.,. has changed
its name to the New England Food
Products Company, Inc, and has in
creased its capital stock from S350,000
to $l,000,000 1t will deal in cold stor-
age products. Evidently it has dis
covered that it pays to be good.
The American issue. [volume] (Westerville, Ohio) 1912-19??, 1922-10-06
BEER-BILL PROPOSING
DIVERSION IN CONGRESS

Last week Congressman Brennan,
Republican, of Michigan, whose chief
aim in Congress seems to be to get
booze back on the main line again,
introduced a resolution in Congress
proposing a constitutional amendment
permitting the manufacture and sale
Of FIVE. per cent beer to pay soldier
bonus. s
The American issue. [volume] (Westerville, Ohio) 1912-19??, 1922-10-06
LIQUOR-MOTOR DRIVER
MURDER-LIFE SENTENCE

Oscar VanNoy, alleged driver OF a
motor car which ran down four per-
sons in Ardmore, Oklahoma, killing
two young girls, was sentenced to life
imprisonment for murder September
81. VanNoy said he was under the
influence OF liquor when the accident
occurred.
The American issue. [volume] (Westerville, Ohio) 1912-19??, 1922-10-06

The bootlcgger and his patron are
alike under the skin--they both put
their desires above the law!
The American issue. [volume] (Westerville, Ohio) 1912-19??, 1922-10-06
WINESHOPS OF PARIS PRODUCE DRuNKARDS
AND PROSTITUTION S0LICITS UNASHAMED
Woey Finds Liquor Places Very Numerous and Extremely Busy
Men See No Breach of Virtue in Becoming Intoxcated
Progress Will be Economic, He Thinks

Editorial NoTh following letter printed regular order
because of the peculiar attaching through being the last
mailed American Issue by the late John g. Woolleyl
G Woolcy
The American issue. [volume] (Westerville, Ohio) 1912-19??, 1922-10-06

YOU MUST NOT PUT YOUR
APPETITE ABOVE YOUR PA
TRIOTISM.
New-York tribune., 1922-01-10
The Position of Belgium

Queston--In your investment column Of
recent issue I observed your statement
that France has counted on getting the
German indemnity in the establishment
of her tax rates and budget. Az a holder
of S 600 Kingdom of Belgium Ss, 1941. I
would like to ask you If the same con-
dition obtains in Belgium securities as in
a little uneasy for some time thinking that
ought to shift this Belgian loan With
long term and security in mind would
value your suggestions either for reten-
ton substitution. il you recommend
substitution. can you suggest something
that would be slightly under the Belgian
loan in price? Your columns are the
most Instructive reading the writer has
ever found and would like to ask If
your familiarity with the subject would
suggest any books upon finance 20 sup
plcinent the reading of your colunns?--
T.. c. S.
Answer-We do not think that the
French and Belgian cases are the same.
Belgium has gotten down to work. She
was not damaged by the war nearly as
much as was thought generally in
America. Germany presumably in
tended to hold Belgium after having
conquered France, and was careful to
maintain her machinery, etc. intact.
Belgium has no tremendous war debt
such as France has. We could not sug-
gest anything at a lower price, if by
that you mean with higher yield, that
we would recommend in place of the
Belgian bond.
New-York tribune., 1922-01-10
urect Loans TO Rural
borrowers Urged ON u. S

4 '@a.sShlNGT0N. @.S.i Jan. a.--Authority
.ssrsn make loans direct to borrowers in
;,rssulies ;,rrani'ies where farmers in need of
snnlent sa,ent assistance are not proper
scs,;oea c,ieea BY national farm loan as
e Frlyns Fcdal IS requested of Congress by
,aau.lg .lgaeral Farm Loan Board in its
Man, report filed to-day.
b aas sssoa complaints have been received,
NJ sst ,ssort said, that desiring borrow,
Ton were ere not receiving consideration
isr~ eS9s s9ssoclatlons through which. IN.
= ssaasllng law, they we're required
4 Hf'Hsotiate for loans.
Asr,,.ass Federal land banks were ,u-
aa 'ta ~ 70 make direct loans, the bo,rd
ss.' soso'rowers should be required to .
'saal stoek n the loaning land bail
a,.loan. per cent OF the amount v
sst.aadf the past fiscal year, the boar
N. two issues of farm loan bond
61ool lor ono 100000 900 and another TO
stsssss;vo stssyv;voo- marketed. from tn
sssats of which loans were made b.
hS,s 20 as IS follows: June, Se,l2e 500
VA ,sss'2O4.soo; August, s12'506 900
11oo.9 n sl2,4o7, 400; October, Sl3,
november, $l5,o5s,550.
New-York tribune., 1922-01-10
Winchester Stock

Nuest'on-~'rhc price being attractive I
an an srr'pusiN considering tho purchase of
zen shares of Winchester Repeating Arms
aompanN first preferred stock. thorcforc
SAID stock. Would you consider same nm
Investments | understand thov m',so'' 'r
the last dvidend but that same ia rur,,,,
,"''v'' m.'n, Nny'hlns YOU can ten of this com
ana thankfully rcceivcd.--'. l.. D.
Answer-Thcrc is no first preferred
stock Of the Winchester Repeating
Arms Company. You mean, do you
not, the first preferred stock Of the
Winchester Company, which owns 81
per cent OF the stock of the Winchcs-
ter Repeating Arms Company? We
would regard this stock as speculative
and 1t is as speculation that YOU are
considering it, we believe. whether
you think so or not. The Winchester
company was incorporated in Connec-
tlcut in 1919 and owns about 81 pcr
cent of the Winchester Repeating
Arms Company's stock and the stock
of various other companies. including
Barney & Berry Mack Axe Company,
etc. The company has outstanding
$4,000, 900 common stock, S9.75t. 700
first preferred ard $2o00,O0O second
preferred. The first preferred Stock
is cumulative and the second pre-
fcrred non-cumulativc. In October it
was announced that the somi-annual
dividend was "dcfcrrcd" In Il time
of reimbursement, such as this, it is
particularly hard to judge Of tho bust
ness outlook for company such rs
this
New-York tribune., 1922-01-10
Days Dealings in Bonds
The Market

Little financing appearing In the i'm
mediate prospect, Investment bankers
are encouraged by the come back in the
pond market, which is directly trace
ap'e to easy money conditions. There
10 certain amount of secondary dis
tribution remaining to be done, and 1t
is now regarded as probable that this
can be completed without prejudicina
the demand for new issues. The mar
kst Yesterday was strong and active,
almost buoyant in spots. The lowering
or the time money rate is held as par
'lculariy significant in this connection.
New-York tribune., 1922-01-10

An issue of s2,5oo,ooo Eastern Manu-
featuring Company first mortgage
per cent sinking fund bonds, due 1888,
is being offered to-day at SO and inter
est to yield over TAO per cent by a
syndicate composed of E. H. Rollins &;
Sons, Spencer Trask G. Co., Bond &
Goodwin and associates. The equity
back of the bonds is represented by
So, 800 first preferred per cent
stock, S1,000,000 second preferred per
cent stock and 156,715 shares Of COM
mon stock.
fer toNmorrow at ssM ''any and interest mias es
an issue of s1,75o,ooo United States
Automotive Corporation first mortgage
collateral per cent convertible bonds,
due September /, 1881. The bonds
representing part of a 100000 au-
thorized issue, are caccable up to Sep
tenbcr l, 1924, at 1071s and interest
thereafter at l05 and interest. They
will be convertible into Class A COM
mon stock of no par value at the rate
of one share to each $100 in bonds.
The City of Providence, r. l., will
open bids at 2 .. M, January IL, on an
issue of sl,0O0000 forty-year Az pei
cent water works DOnQS.
Bankers at the close of business were
awaiting reports on the disposition OF
the $680,000 City of Seattle ten and
one-half year average railway bonds
bids on which were opened yesterday
Bidders were asked to name the coupon
rate with 6 per cent as the maximum.
Lee. Higginson & Co. announced yes
terday in behalf Of the syndicate offer.
New-York tribune., 1922-01-10
Working on Steel Merger
Youngstown Plant Being In
spected to Fix Valuations

YOUNGSTOWN, Ohio, Jan. 0.-Rep-
resentatives of the Inland Steel Com
pany and the Steel and Tube Company
of America are to-day making an in
spection of the plants Of the Youngs-
town Sheet and Tube Company in con-
nection with the proposed merger Of
the three companies, it was learned to-
day.
it is understood that valuations Of
the plants have been completed, and
that a committee is meeting in Cleve-
land regarding the raw materials of
the company. This committee is ex-
petced to make report within the next
ten daYs
New-York tribune., 1922-01-10
Investment
Information,

V"est'ons Of general interest to in
ussso's "'it tc ansUcred IN this COL
hmn' IN mhich case oniy initials will
~. u'eo' Others toil be ansyered BIZ
;" H"a''. Address all inquiries. inoloa.
~ E'i stamped, addressed enpelopc. tn
Mn Mmanc'at Editor. Tho Tribunc 1sI
''"'s"1 street, New York Citu.
New-York tribune., 1922-01-10
''Katy'' Plan Operative
Deposit of Securities Sufficient
to Put Scheme Into Effect

Missouri, Kansas & Texas securi-
ties have been deposited in such vol
ume during the six weeks since publ
cation of the reorganization plan that
the plan will be declared operative at
once According to an announcement
Yesterday, more than 86 per cent of
the various bonds called for deposit
under the plan have accepted the plan,
this figure including all bonds except
the first As of 1890.
New-York tribune., 1922-01-10
Tacific Gas and Electric ia

sive mo ''m your II, es,,, YOU ho good enough to
fmnn,,,n" an" Electric Company frat onS na'c,mo INC
nor ra, mortgage gold bonds sor,os -
an ,n,n.,. maturing l041 nor-cnll,h,. . !,
RailroaI' nt also have & 600 ,.uh.
current nrst mortgage, Dor cont ,os"
to sell a'ooo oe ABOUT n Am considering
thron .'o.. win you please ~nggos,
or ho,,1. TOUR other bonds. cnuollv ron5
lonr 49,, as regards security. virIa avn
which az about tho Same uricr intn
might switch IL NJ. +. +.
Answer-Pacfc Gas and Electric srst
ana refund'ng mortgage series B bonds
uoe l'al' arc, as you say. not calIablo
m"" mo', III ,r' our opinion, arc a good invest .
wc,' w,c''' or INC company is strong one,
"rn organized and with good man,
ddfisment, divanei1, we think. Your proposal +.
orxersliy your investment is n wisc so
one, ana we suggest Bush Term;naI
eonsol'dated 5s, due 1869 rec"ntl. ,r''l'
quoted at sla4 asked. and the now vi's M;a
Joa'', ,,',a ,dna Kansas e. Texas per cont honds
tu" t,,; l|oz' recently selling at *, ",
aa',k poth of these rank favorab]v -
compared with Cuban Railroad rs. :"
New-York tribune., 1922-01-10
London Metal Market

LONDON, Jan. 9.-Standard copper,
spot, f66; futures, 466 It's Cd; electro
lytic, spot, S73 los; futures, STA 1Os;
tin, spot, e167 It's Sd; futures, al68 ITS
Cd; lead, spot, S24 Is Cd; futures, e24
rs Cd; zinc, spot, 326 It's Cd; futures,
H27 6s.
New-York tribune., 1922-01-10
Clark, Dodge & Co.
Established 1S47
81 Wall Street, New York
700 Broad Street, Newark

ing the s16,00o,0oo Edison Electric H.
Illuminating Company. of Boston notes,
maturing in one and three years, that
the issues had all been sold.
New-York tribune., 1922-01-10

Kidder, Peabody & Co. and .Salomor
Bros. & Hutzler yesterday announced
the closing of the books on the $4,911,
900 equipment trust notes of the fol
lowing railroads: Louisville & NASH.
Vile, Illinois Central and Great North.
ern. The issues, maturing 1925-1927
were placed on 5A per cent basis.
New-York tribune., 1922-01-10
We Could Nnt

is ''i'o' aeai,'.' lust fcw lines to YOU If il
lnvcstors' nswns s""r ,n'cs n to send tho innlc
i,s"'"m s.ios or any other investor. as + An, !,
notIy' nnu ,d'sirlns to succeed In mi. nn~
ur.' a' ral' on you for little hoin rhc
,~' rn~ ,n m,n,"'hk that am srllin., is .,
Ionh, ''1 company which YOU without
.non 't.Nc nnNc read Of in tho maguz,ur no
'''" 'oohlhg Tor safc Investment rn,lJ ,.n,,
not give my name and address ?-E. A. II
Answer We could not.
New-York tribune., 1922-01-10
m nyurc tho precise yicld on bond 1t

is necessary 20 use yield tables, but the
APPROXIMATE yield car roughly be figured
out by the following formula: biyde td IN .hc
of the annual return. If the bond is selling
below par you must allow also for the
appreciation of the principal. TO do this
or 100. and divide the remainder by the
number of years the bond has to run be
fore maturity. For example. If r 6 per
cent bond Ia selling at 90 and has ten
years to run. tho annual return will be
666 per cent. The difference between par
and the market price Will be 10 points,
subtracting 90 from 100 Dividing ten
points by ten years the quotient will be !.
This figure is 10 be added to Sc, which
is the annual return, and the result. 7.66
per cent. will give you the approximate
Weld.
New-York tribune., 1922-01-10
a Business Mans InVt stmcnt

Qucstion-As ! am Il regular subscri Der
10 TO- Your o'T,,,l; pnpsr, } Van your opinion on
mans Investment. American Bank Noto
conmo on American rclcphonA and Teie-
sra phr H. American Sugar preferred, Aineri-
common. Austin Nichols preferred. Atchi-
son. Topeka e Santa Ie Eailroad common
ATLANTIC Coast Line, Louisville 4 Nash
Vile, New York Central Norfolk & West
ern common. southern Pacific Union Pa
cihc common. Tobacco Products preferreu
United states Rubber first pretorre1 l..
Wooiworth common = C. -,
IS and 4. e. O. convertible iias; are theso
$lOn bonds? wan. ~
think there is any Likelihood of any Of
diVidonda? l.. s NJ
Answcr--Of the stocks that you name
VIC would classify American Bank
Note common, American Telephone and
Telegraph stock, Austin Nichols pro
icrrcd. Atchison. Topeka e. Santa Fc
common; New York Central stock Nor.
tolk d Western common, Union Pacific
common. and United States Rubber
first preferred as good business men S
Investments. on which the dividends
IN the immediate future appear to be
we'll assured. In making such an in
vestmcnt as this you must recognize
the fact tina. you are becoming a part
ncr in various businesses and that
there Is no promise given on implied
that your income will not be reduced
in a time OF depression, but might be
increased N a time of prosperity.
Chesapeake G. Ohio convertible per
cent bonds due 1916 do not come in
500 denominations, but do come in $500
denominations. They arc good in
vestment, in our opinion. Baltimore &
Ohio dcbenturc 4l2s duo 1889 do not
como in $1O0 denominations, but come
in $500 denominations and are not,
under present circumstances. an in
vestmcnt which we recommend. There
is, in our opinion, a possibility. al
though not 4 likelihood, Of some of the
companies you name at some time II,
the future passing their dividends
That is what a company ought to do
if conditions are such as to necessitate
conservation of WORKING Capital
New-York tribune., 1922-01-10
Cuba Cane Sugar
Loses S6,OO0,OOO
I'm Price Slump
Operations for Year Prove
Costly. Annual Report
Shows: Re ductiOn of
S2O,OOO.OOO in Surplus

Cuba Cane Sugar Corporation lost
approximately $4,000 900 from opera
ton IN the fiscal year ended Septem-
her 30. 1921. In September, 1920. the
great drop in the price of sugar had
already occurred and sugar was sell
ing at about cents pound. compared
with tho high of 22l2 cents. The de-
cline in the price, however. continued
without any favorable reaction until
u January, 1921, prices were ms low as
9'e cents.
The operating loss in making and
marketing the l92O-'2l sugar crop.
combined with the change in condi-
-ions in the sugar market. resulted i'll
loss of approximately s18, 100000 in
cash for Cuba Cane Sugar This was
part Offset by an accumulation OF
l529s ,00o pounds OF sugar on hand
valued at :. = cents q pound Bills and
roteS payable increased approximately
S2s. 100000 The loss in inventories and
rom operations is reflected in reduc-
ton in surplus of mere than
s2O,0O0.0o0.
Tie following table shows the
principal items Of the balance sheet
IS of September 20, 1921, compared
with September 30, 1920:
New-York tribune., 1922-01-10
True Instinct

Question-Wil you recommend 10 me
low priced stock from purely specula-
tive position? What 90 you think of Erie
common now at 10?-ti. Il. b..
Answer-Your instinct for purely
speculative stock is not far wrong
Erie common has appealed to specua-
tcrs as medium through which school
teachers, doctors and a great host of
other people who spend the greater
part of their life earning money, can
lose it in minimum of time. Every
so often, in these columns, we explain
why we do not advise on speculation.
New-York tribune., 1922-01-10

Marshall Field, Glore, Ward e. Co.,
of New York and Chicago, and Janney
& Co., Of Philadelphia, are Offering
$1,000,000 Great Northern Railway first
and refunding mortgage Az per cent
bonds, due January !, 1861, at a price
to yield Az per cent. The issue is
callable, in whole or part, after Janu-
ary !, 1941, at 1o5 and interest.
New-York tribune., 1922-01-10

Watkins & Co. are offering an issue
of $320,000 City of Charleston, w. Va,
per cent public improvement bonds,
dated September /, 1919, due Septem-
ber 1, 1929, 1882, 1888, at prices to
WELD 4 76 ner cent
New-York tribune., 1922-01-10

The Bankers Trust Company and
Curtis G. Sanger are Offering at price
to yield as per cent to maturity new
issue of $l.75O,000 Salt Lake City,
Utah, 5A per cent tax anticipation
New-York tribune., 1922-01-10

Four full columns of in
restment questions and an
s,cers are published in The
Tribune every Sunday
New-York tribune., 1922-01-10

pound was i.lls cents; in is16-'l7.
80 cents2'n i9l7-'ls. 1870 cents; in
loss5 cents and in la2o-'2l, 3.91 cents.
= previously stated. unsold sugar is
O'ng carried at = ~ cents c. and f.
Inc cost Of production +. o. b. has been
iis cents in 19l5-'l6; 3.431 cents in
lsl6-l,; 399S cents in 1917-18; 1906
.ents in l9io-n9 1923 cents in 1919
u, and i355 cents in 1920-'21.
One Of the outstanding features
aOOut tae Cuba Cane Sugar annual re-
port Is the loss in cash and the accu-
rnulatlon OF great stock Of sugar.
" T. Ogilvie, president, reviews the
Fcsrs developments in part:
IN last years report VIC outlined
me circumstances that caused the de-
''he OF sugar from 20 TIC to 7c G. and
~hch was the figure the market
'acaed IN Septcmbe ctobcr, 1920.
ontfaTy to general expectations, the
.''.he continued without any favora-
e reaction. and when the t920-1921
s'op started in January prices has gone
q ,o~ as 3'.c This rapid decline,
VoMhined with the financial crisis in
.uOa' brought about a general paraly-
. - Wv CUud1 crop, many plAHtd-
LIONS being deferred from starting
VIBRATIONS.
was during those days of national
Sspfession- at tho request OF many Gu
70. and American planters and of
s.'0hos. President Menocal created the
.raf finance Committee, under which
a. Sqban sugars that had not prior
feoruary p, 1921, been contracted
wi ~. ssie sie were to be disposed Of, shipped
as. s~s euehvered by the committee, whose
-a.uon 1t was TO sell the sugars pro-
,. IN an orderly manner in con-
,r sral'y with tie natural laws of sup
~ ~ ana demand. so as to prevent hoard
sgf tne creation Of artificial prices"
oaec 1T was generally known that
,iormation OF such committee was
a,r,alnent, confidence was to great
g,sa ,sa' restored, planters started to
saa and prices advanced rapidly from
s.s 70 d. &c. Under these circum-
ji,rs j,rses bankers were more favorably
s,,'d s,,Osed to make the necessary ad-
80 ,.t and Cuba made the usual crop,
sop ?erhaps TOO large for her own
New-York tribune., 1922-01-10

doher
We
car chosen lis of hgradeb bonds
bt tjurnuhs ca saiurst9s upon,
New-York tribune., 1922-01-10

The City of Providence, r. l., will
open bids at .. M, January II, on an
issue of sl,000,00O forty-year Az per
cent water works bonds.
New-York tribune., 1922-01-10

1921 1920
}iscl proDefiS ... SO. l5?.i1t s79,5s7e76
inycs'rlrri IRE shares
aud subsidiaries -.T3s. s..31
Investments - $50 900 -
Materials aud sup
plies ........ 2S5s.ASs Cssi15G
ssssy on hand ... i5.297.75a -
ash .-......... ef6i.554 2osos, 40
L. G. certificates Of
indebtedness ... soo7.lss
Io.aI current as
ssis. including
'rIsca flano0us 80 s59 sos Sasls os7
,pecai deposits J3s. ST: o66643
,isafed chsrsess ls755,o2e t.1570133
G-and total Sls5.c04 osf 1924 osl. SO
LIABILITIES
ftal 1890
| apital stolN ..... 5t5s3.3oi So 5s3. .335
.eheutures ..... -. 600. 600 5000 900
owing IN purchases 93l, ,i9f 1I6.0SA
5lIs and notes pay
able ......-..-.. osot747t 2A57.4s3
Accounts rayablo $3.50 90 3.s90.3og
Total curr MT la
biiitss, Including
iaiseellanoous =. s5.9s5.ooG 7sso31o
Social liabilities. i3s 81 566.sis
Reserves i5.Go4. t7i 12.022lea
| siiriUs -.15N.tS 23.473.t t02
New-York tribune., 1922-01-10

Lee. Higginson & Co. announced yes
terday in behalf Of the syndicate offer
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1922-03-24
DISCHARGE JURY
IN DAMAGE CASE
IN LOCAL COURT
After DeIiberating 10 Hours, Jury
In Eads-Anderson Case Fails
to Agree; Other Cases
Are Disposed Of.

Unable to agree after more than
ten hours actual deliberation, the
Jury in the case Of e. H. Eads vsl
Oatley Anderson was discharged late
yesterday afternoon by Judge Bird.
presiding over district court here in
the absence of Judge VIII Linn, who
has been i'll at his home here.
The case in which the plaintiff
seeks Judgment in the amount Of
approximately $4,000 for alleged ex-
ira work done in the construction
of residence in this city, was
placed in the hands of the jury
Wednesday evening at o'clock. The
Jurors deliberated until o'clock
that evening at which time they re-
tired, being unable to reach a ver-
dict. They began deliberations
again Thursday morning and at $50
o'clock yesterday afternoon, report
ed to Judge Bird that they were
unable to reach a decision.
Continued on page two.)
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1922-03-24
TREE: CAMPA|G
LAUNCHED TODAY
At GRADY FIELD
Business Men Leave Office and
Stores to Set Out Trees at
Grady Fair Grounds;
Contests On.A

The Tree Planters and Hole Dig
gers unions went into session this
morning at the Grady county fair
grounds, the object of the session
being to set out 200 trees there to
beautify the grounds and bring the
place a step nearer the ideal park
as planned
Chickasha business men left their
stores and offices and dividing into
two groups we're driving hard to-
ward the completion of the tree
planting campaign as mapped. A
squad journeyed to the timber along
the Washita to dig trees while q
larger party was on the job at the
fair grounds, digging the holes in
order to finish the planting Of the
trees by tonight.
Up to noon there we're few reports
from the '.front' except that the
work was progressing according to
plans and specifications. 1t was in
dicated that the job as planned
would be completed within the time
limit set and that all the trees would
be in place by tonight.
Several contests were on, espe-
cially among the hole diggers. There
lad not been any casualties report
ed at an early hour this morning,
with the exception OF a few blist-
cred hands.