davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02

Raoul Gravel pleaded guilty ~ ,;nal
lawful possession at the Muns;s
Court, Lewiston, Monday mor morn Il
and was sentenced to pay aonths
5000 and costs and serve four nlo od "a
in Jail. Subsequently 1t appeaI.a
the court that he did not unoelSh ad
what he had done. and that no a
no intention Of selling q gallon 90,
alcohol in his possession. ana nc r,hs
permitted to retract his plea. ...as
was then mol pressed and Gra'e'
discharged.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02
Radio Corp, Medford
Hillside, Mass.

200 p. NJ. Amrad Women's Club:
l. The Future of Chinese Eggs in
America" Miss d. H. Goodwin.
Div. of Markets.
2. Reproductions on the Chickering
Ampico. Sonora aSd Brunswick.
8. Pressure Cooking by r. B.
Dalzell. Sechrist Pressure Cooking
Company.
500 +. NJ. "Chldren's Hour" stories
for girls read by Miss Eunice L.
Randall.
$50 p NJ. Closing report on farmers
produce market report (4S5 me-
tcrs).
Live stock markets and butter and
eggs reports.
600 T. NJ. Late news flashes-early
sports news-Boston American.
6.15 p. NJ. Code practice, Lesson
$50 L. NJ. Boston police reports, Bos-
ton police headquarters.
Amiad bulletin board.
$50 p. NJ. Evening program.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02

State Senator Herbert A. Clark of
Jefferson will leave Monday for Bos-
ton where on Tuesday evening he
will speak at the 10th annual ban
quet Of the Jefferson Maine Club of
that city. This club is composed Of
residents of Boston and immediate
vicinity who formerly resided in JEFF
fCrSOn.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02
BELFAST
Ice Conditions the Same

The ice situation at Belfast -.
mains about the same as for the pas,
two weeks. The last craft to enfe.
the port was the Bee Line Trans-
pOrtation Company barge No. IN
which was brought in by Tug Cheek,
towaja, and remains frozen in some
IA inch ice near the Coe- Mortirner
dock. Here she will remain until
she Is out. Three Of the Beel Linz
Transportation Company's tugs have
been disabled by cutting the ice
along the Maine and Masaehusetts
coast and 1t will probably be some
time before one of them is sent here
There Is no point, 1t is believed. in
trying to cut up the ice in BelfaM
harbor and Penobscot Bay adjacent
to this section, as long as it is frozen
below at Camden, Stonington, Rock.
land and other points south and
east, as the ice would have no place
to go. AS soon as those ports are
cleared. Belfast Bay can be broken
up and the foes will be given
chance to go out to sea.
The coal situation IN Belfast Is NOT
yet alarming, and it Is believed that
with due care on the part Of the
consumers the supply on hand will
last until more can be received by
rail or sea. Thus far no one in Bel.
fast has suffered for lack of fuel
Notwithstanding it has been one OF
the coolest winters on record. With
spring near at hand, Belfast can in.
deed feel fortunate that she has SUI.
fered no coal famine. The greatest
victims OF the ice embargo have
been the wild ducks, crows and gulls
who have suffered from . lack Of
open water and food.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02

Mrs. Nell Libby of Albion. who has
been in this city for some time has
gone to Watervillc.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02

D. ]. O'Brien, J. J. Mellon and
Harry Twomey OF Biddeford, were
visitors in this city yesterday.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02

Rev. Harry Daniels OF Caribou was
a visitor Wednesday night with Mr.
and Mrs. w. p. Berry of Ea~.-~-, ~---
mo
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02

Miss Anna Hendee, who is attend
ing Lasell Seminary. IL visiting for
q few days at her home in this city.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02
WNAC-The Sheppard Stores,
Boston. Maaa.

4.oU =: NJ Dance music. Shepard
Colonial Orchestra.
APO r. M. Selections on thd weher.
Duo-Art Pianola.
soy I; M. Dance music, Shepard
Colonial Orchestra.
a.S0 M: Selections on Victrola.
S00-9.OO P. NJ. Concert program:
st. paufs Cathedral, organ recital,
Artnur W. Phelps. assisted by Miss
Louise =. Sierra, violin.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02
N;nety.Seven Years Young

Ninety years a regular attendant
at Sunday School is the proud rec
ord of Mrs. Sarah Z. Stewart OF
Belfast. who has just observed her
9th birthday. Mrs. Stewart, not.
withstanding the extremely cold
weather and the snow, from 4 to I
feet deep, with occasional drifts Of
10 or more feet, has attended Sum-
day School at the Methodist church,
of which she is an active member,
all winter, and when she was called
upon last Sunday to pay a penny
for each year of her life, in the
birthday" fund, passed in new
one dollar bill, and was given back
three cents in change.
Although the oldest woman in
Belfast, she has advanced in years
so gracefully that she does not give
the appearance of age, but is so
keenly alive to all that makes life
interesting that she is most de.
lightful companion and has many
young friends. She reads constant.
Iy, is a most agreeable conversation.
alist and takes an active interest in
all that goes on about her, serving
on committees at the church as in
her younger days. Her two daugh.
tiers, Mrs. Mary Whitmore and Mrs
Lily Jones, live with her on Main
street.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02
Radio
Programs
TODAY, March 2, 1928.
Meters, Westinghouse
Electric, East Pittsburgh, Pa.

AOdA-0oO 0etc@sg
Electric, East Pittsburgh, Pa.
1000 A. NJ Music.
1870 p. Nj. Lenten services of the
Trinity Episcopal church. Pitts
burgh, Pa.
6.15P NJ. Dinner concert bv the trio
of the KDKA Little symphony
Orchestra. Victor Saudek. director.
700 Z. NJ. News. Report of the New
York Stock Exchange.
rs +. NJ. Theatricals.
100 p. NJ. A visit to the little folks
by the Dreamtime Lady.
745 p. NJ. Report of world trade con-
ditions by the Pittsburgh Chamber
of Commerce.
500 l.. NJ. Service of the Point
Breeze Presbyterian church. Rev.
Bustard delivering a Lenten SER
mon.
900 F. NJ. Concert by the Trio Of the
KDkA Little symphony Orchestra
and the King-Haw Entertainers.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02

Judge Harry Mansur OF Auburn
was n business visitor Thursday in
this city.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02

Arthur A. Driscoll Of Westbrook
was business visitor in this city
yesterday.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02
WB3-Wsstinghouse Electric Co,
SpriuQheld Maaa

7.45 p. NJ. Uncle Wiggily bedtime
story.
las p. NJ Preparation of Federal
Income Tax" by Thomas McCarry,
tax consultant
THE Farmers Clubhouse" from the
I. S. Dept of Agriculture.
500 L: M. Concert by Miss Edith No
will, soprano.
$50 +. NJ. Program by Joseph McCar-
ron. lyric tenor, Alphonse Guyon,
pianist and accompanist.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02

Alfred A. Matthew OF Waterville
was a business visitor Thursday in
this city.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02
AUGUSTA LOCALS

Charles Mack of Portland was q
business visitor Thursday In Au-
guSta.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02
Verdict on Fire Inquests

Inquests in the recent fires In Bel.
fast have been held with the fol.
lowing verdicts rendered.:
Cause of the Phoenix Row fire
which destroyed the Colonial The.
atre. the Eaton Block and damaged
the Black Building is unknown.
The Colonial Theatre building.
valued at $4,000. total loss, insur'
anace about half contents, $10U.
total loss. partly insured. Eaton
Block, valued at $4,000. total loss
insurance $1,000; /. V. Matthews &
Co, loss $3.50, insurance $3.50;
Eastern Illustrating Co., loss S6JIl.
insurance $500; G.. +. Black. loss
$4,000. insurance $500; Green Bros,
loss $4,000. insuran ce 5000; Harry
Gordon. loss $500. insurance SlaU;
a. l.. Curtis. valuation 5000. loss
$500. insurance 5000, contents,
$1,000, loss 500. insurance SNO;
Mrs. Minnie Clifford, valuation
$500, loss $500, insurance $36O.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-03-02
Mrs. Georgia Robertson Diekey

Funeral services for Mrs. Georgia
Robertson Dickey, who died at the
home of her son. Herbert Dickey in
Bangor. were held today at the
home of Almerin Dickey. Mrs. Dick
ey is survived by her son and prior
to his marriage, made her home in
this city. later going with him to
Bangor. She was 81 years of age q
woman of many fine characteristics
and had many friends in this city
and Bangor.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
{. &P.EARN|NGS
DROP IN
JULY
Telephone Company BIames
Seasonal Decline for Decreas-
cd Earnings Last Month.
HARRY GUsACK.

July earnings OF the Chesapeake
and Potomac Telephone Company
show q decrease az compared with
the previous month, according to
the monthly report Of the company
filed with the PUBLIC Utilities Com
mission today.
Total operating revenues for July
amounted to $43S,123, as compared
with $467,011 in June. However,
this is e substantial increase over
July. 1922.
Net income for July was $s7, 499,
- compared with $104, sos In June.
According. to officials Of the COM
pauy. the decrease In operating reve-
nues for July is due to the seasonal
reduction I'M local and toll message
traffic. III "a
Total plant and equipment added
during July amounted to $3.50
Total net additions to plant and
equipment for the seven months Of
the calendar year amounted to
476A.e0O.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
sohlarnna,n Nov Ranlr.


The corner. stone Of the Interna-
aaonaI Exchange Banks new build.
Ing, to be located at Fifth and b
streets northwest, was laid yester-
day.
There were no ceremonies in CON.
noction with the placing In position
Of the first block, Joseph Schiavone.
president OF the institution. an
1ouncing that an affair would be
heid IN honor Of the erection OF the
structure Immediately following fits
completion.
Ma Schiavone, In making known
the plans for the function, said
that members Of the Italian en-
bassy would be invited to attend,
% well as prominent Washington
residents OF that nationality.
It IS expected that the building
VIII b ready for occupancy within
the next three months. and pos
@ibIy sooner.
Upon completion. the new bank
will be one Of the most imposing
institutions Of its Kind In the city.
Limestone IL being used mainly la
its construction, as well as some
concrete. It will be equipped with
Q handsome mezzanine, built thirty
feet above the main floor.
When the building II finished Il
VII be one upon which Italians of
this city can wen look with pride.
No pains are being spared to make
it complete in every detail, and
every known device for the com.
fort and convenience of our clients
VIII be installed" MIR. Schiavone
said.
Business OF the bank is at pres
ent In no way interrupted through
erection OF its new home, and
transactions are being carried on
- usual in the building immediate
u adjoining.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
FOOTBALL STARS FATHER
Is KILLED IN ACCIDENT

WATERFOWL, Mass, Aug. 81
Michael O'Hearn, Of Brookline, q
building contractor, and the father
Of Charles O'Hearn, Yale football
star. and Jack O'Hearn,i former
Cornell football captain, was killed
in an automobile accident here.
Michael Gingerie, Of WATERFOWL
who was with O'Hearn in his auto.
mobile, was probably fatally in.
jured. The accident happened
when one automobile turned out to
pass a truck and met another com.
ing rapidly from the opposite di.
rection.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
s OCKS SHOW
UPWARD
TREND
Brisk Forward Movement in
Speculative Leaders Fea-
lures Early Trading.
By HI. j. DUIZEND.
Copyright. 1928. by COSMOPOLITAN

(CopyriRht, 1928, by Cosmopolitan
News service.)
NEW YORK, Aug. 2S.-The stock
market responded vigorously In the
FIRST period today to the State De.
partment's virtual recognition OF
the Obregon government in Mexico.
A brisk forward movement In the
speculative leaders featured the
early trading in the course OF
which active stocks like Baldwin
Locomotive, American Can. Stude-
baker and CUT States Steel gained
from to 2 points.
The unwieldy position Of the
short interest was of great assist
ance to the bulls in their brief cam
paiGn today. There has been a
gradual decline In the flOating sup.
ply of speculative shares, and Gov.
ering movements Of late have been
featured by sharp momentary ad.
vances In prices.
Firmness In the oil stocks was
impaired by an increase Of outside
buying. Reports from the producing
oil fcenters today, indicating a
gradual falling off OF flush produc-
ton, was Of particular Importance
to the companies whose stocks are
actively dealt in on the exchange.
Cosden, MarIand and Sinclair adj
vanced a point on the average and
Pan-American was active around so.
Baldwin stepped into leadership
Of the industrials, and on q fairly
heavy volume Of sales, advanced to
l24h for q gain Of points from
Yesterdays low. American Can
again crossed par, Fisher Body was
up points at 1921, and United
States Food Products gained q point
at 6N. The rails were practically
neglected, interest being confined
to few Of the low priced issues,
Call, money renewed at 5A pei
cent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
Chicago Grain Market.

CHICAGO, Aug. 2s.-Grains were
again weak at the opening of the
market today.
Wheat started z to X-cent
lower, with fairly, general selling.
while buying was confined mostly
to resting orders on the way
down. Trade influenced by lower
cables and weakness at Winnipeg.
Corn started Il to- h-cent lower,
with commission house selling and
limited support. September showed
most weakness after the opening
Oats started unchanged to Y.
cent lower, being affected, princi
paIly by the weakness in other
grains. Locals best sellers.
Opening prices here were:
w h t. September, $1.02X a
1.O2k; December, $1.O7K OF
May. $1.12A@I12%.
Corn-september, s1Xc: Decem
Der, 67AB7hc; May, esq 068Mc.
oats-September, .37% @s7kc: De
cember. 39h@39c; May, 42H @l2Kc
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
Road Would Issue Bonds.

Application was made to the In.
terstate Commerce Commission to.
day by Oswego & Syracuse Rail.
road for authority to issue 1000
600 OF first and refunding mortgage
ponds. These are to be used to re-
fund $1,193,134 of MORTGAGE bonds
now past due and for future canffa1
expenditures. The Delaware. Lack
awana & Western asked for author.
ity to guarantee the bonds.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
AgasgqSHSAsgr BUSINESS And FINANCE sgs&w&
OH Stocks.
(Eurnished 81 ~. z. IIlbbs 9 COD

Prices ct noon: Bid. Ask:
Anglo-Am.s OIL new. 143zI 10
Borne crynser Co. I126 1856
Buckeye Pipe Line Co. S21zI IS
CheeehorOugh. Mfg. Co.. l226 1896
Continental Oil Co... 30 IS
Crescent Pipe Line CO.. AZ 10
Cumberland Pipe Line. l1O6 lIO9
Eureka Pipe Line I1O4 HOS
Galenas Sig. OIL Co. com. 81 So
Galena-Sig. OIL Co. pfd.. iii Ills
Illinois Pipe Line Co. I167 l16O
Indiana Pipe Line Co. 96 81
National Transit Co.. "a 25
NY. Transportation Co. Hoe 1102
Northern Pipe Line Co. .l1O2 I104
Ohio OIL Co.. ...s........ So IS
Prairie OIL e Gas Co. =. l172 liza
Prairie Pipe Line Co.,. .l1O1 l1O131 7!
Solar Refining Co.. -. .i175 1855
Southern; Pipe Line co.. 95 81 !,
South Penn. OIL Co. Z. I120 lI25
Southwestern r.. r.. Il. CT 81 81
StanaTd on Co. Qnd.1. II 52asl 524l
Standard OIL Co. gtFxan.).l SO II
Standard OIL Co. thy.l..l IS ST
Standard Oil co. (Neb0. I215 lao
Standard OIL Co. N.YJ.I 38KI .38H
Standard Oil Co. tOhio) .l275 1850
Swan e Finch Co. so 35
Vacuum Oil Co. ........ Ash 457
Washington OIL CO. ....i % 81
Penn.-Mex. Fuel 80. .... 10 s II
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
MARYLAND POSSE SEEKS
TWO ESCAPED CONVICTS

CRISFIELD, Nd, Aug. 20.-Led
by deputy sheriffs. an armed posse
of thirty men Is searching the
marsh country near Apes Hole
Landing, Pocomoke Sound, for two
men thought to be members Of the
gang OF six convicts who escaped
from Eastern penitentiary, PhiIa-
delphia, two months ago.
Three men were reported seen In
a vacant hunters shack in the
marshes near Apes Hole Landing
last Thursday. A deputy sheriff
arrested one man last Friday, but
did not see the two men who had
been reported to have been with
him.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
ALLEGED BANK WRECKER
ARRESTED AT LAREDO

LAREDO, Tex, Aug. 28.-Joseph
Batia, alias Joseph Marcino. al
legged bank wrecker, was being held
in the Webb county Jail here today
under 100000 bond awaiting ar
rival of Federal authorities who
will take him to Warren, Mass.
Marcino Is wanted in Warren on
charges of embezzling $213, 900 from
the First National Bank there.
Batia when arrested late yester-
day was disguised, but, according
to authorities, admitted readily his
real identity.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
N. y. Cotton Exchange.

. NEW YORK, Aug. .28.-Realizlng
sales in October and January option.
with scattered foreign selling, ac-
counted for the slightly lowered
prices in tho cotton market at the
opening today. The shorts were
also active.
October opened at 24.55. down
/ point; Dec. 24.43, up 8; Jan. 24.06,
down 8; March 24.14, down s.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
PARK POLICEMEN SAVE
CAPSIZED CANOElSTs
Furnished by ". q. Hibbs q Coz

When their canoe capsized off
Hams Point on the speedway, Ralph
King. zoe Ninth street southwest.
and Randy Kollyk, 1422 Harvard
street northwest. were saved from
drowning by Park Police Sergt.
Harry Helms, and Private J. M.
Browning.
The boys were canoeing near the
Point when waves from q launch
upset the canoe. Their cries at.
tracted the attention Of two police
men who pulled them out Of the
water. They were able to 60 to
their homes,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
U. s. EXP RTS OF GRAIN
SHOW DECLINE FOR WEE

Exports Of grain from the
cipal ports OF the United States
week totaled 100000 bushels,
decline OF $4,000 bushels over
previous week.
The principal losses were recorded
in rye and wheat and the only gain
was shown in corn exports. The
bushels ofTrye and 3,271 900 bushels
OF wheat.
Export Of flour last week totaled
276,2 barrels, an increase Of 1880
barrels over the previous week.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
Foreign Bonds.
6-cYLINDER oLDSMOBILE
TO BE SOLD FOR $500

NEW YORK, Aug. 2s.-The Gen.
eral Motors Company reported to.
day the introduction Of new six.
cylinder model Oldsmobile will prob.
ably cause abandonment Of the
four and eight-cylinder models OF
this line.
The new car Is expected to sen at
$500. compared with $1.375 for the
eight-cylinder model. The new
Oldsfhobile may take the place of
the low-priced Oakland car.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
WORLD LABOR
|IUVSE
STATE
Cable Reports 70 DepartIl
Of Commerce Show Maj
Muddied Waters.
IL CoamepoIltan Ne.,s eervia,

u
a Z fIaslllight On labor prob
all over the world that have bee
senbled from q number or cabl8
ports to the United States De
ment of Commerce. shows d
,muddied waters.
1.-THE labor situation In Hpal
gloomy" says one cable, which
that the transportation etrikeN
sti1l unsettled: the Madrid auto
strike ID still on: the strike cot ID
employees in large cities scontirI
and general conditions are unss
factory.
Another cable shows that. wi
unemployment in Italy ID sligI
decreasing, the general condition
not entirely hopeful.
Wage Increases In Poland.
In Poland. labor disturbanc
which had reached rather serid
proportions, were settled BY wa
increases ranging from 80 per q
upwards.
The troubles in Japan are Civ
thus:
The labor situation has not i
proved. Unemployment Ii IN 8
dence throughout the country q
there has been e general decrea
/ in wages"
In Australia. the situation
given as follows:
The situation has not iHnprcv
greatly and there are indicatiC
Of slight increase In Inemple
ment of common labor.
In Sweden:: The decrease In q
employment has steadily continued
while the same conditions are j
ported In Norway.
The unemployment situation
/ Denmark is given as unchangt
and demands for Increased wag
have been made, however. and
lockout is threatened In the iro
metals and machinery induetri,
but peaceful settlement - I
pected."
Strikes In Holland.
The Dutch are In the midst
trouble. q cable saying:
Strikes and Iockouts during {
first six months Of this year total
167, as against 17s last year. +
number of people involved WAS {
proximately $4,000 and 10000.
| spectivelY. It Is stated that
Increase in number Of strikers W
due to the efforts Of employers
reduce wages and increase work.
hours"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
GiIIett Going to Europe.
SPRINGFIELD. Mass. A.

Speaker F. H. GilIett of the
House Of Representatives announced
that he would sail Saturday for a
European trip of six to eight weeks
with the intention Of devoting spe.
cial attention to a study of condi.
tions in Germany. He will be &C.
comfpanied by Mrs. Gillett and will
v'stt England, France and Austria
also.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
YANAMOTO IS AGAIN
PREMIER OF JAPAN

TOKYO, Aug. 28.-Baron Tatsuo
Yamamoto, former premier Of
Japan, has been named premier.
he VIII succeed the late Baron
Kato as premier.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
Peat to Be investigated.

Secretary of the Interior Work
today informed Senator Fletcher of
Florida that the Bureau of Mines
soon would undertake an investiea-
ton of peat deposits in the United
States to determine it's value as
fuel.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-28
Reflect
MOVEMENT
Of PRICES
income Yields on Securities
AIsosAre Affected BY Re-
vision Of Wages.
BY MUNROE ROBEIsTS.
(Copyright. 1923. BY Cosmopolitan
News Seryfca.1

j i - 34
NEW YORK. Aug. 2s.- Security
prices and income Yields on prime
bonds today reflect the upward re.
vision in prices Of commodities and
scales Of wages.
The necessity Of securing higher
income yields by those who are
largely dependent ON income from
securities (unearned incomel event
ually results In the wedding out Of
low-coupon bonds by those whose
income tax is reckoned in the
flower brackets" The next step is
the forcing up OF borrowing rates
for corporation loans, and grad
ually the investment market be-
comes stabilized at higher levels.
While the first consideration Of
the conservative investor is for the
safety Of his principal rather than
q higher yield on his investment,
financial experts recognize that
sometimes in season Of violent re-
action, good bonds, are forced be-
low their real value. Those IN
close touch with the market have
then the opportunity of buying
bonds that will not only yield q
high rate Of income, but win ap-
preciate in value in the next up
ward movement of prices.
A New York banking syndicate
has purchased an issue of $24 900, :
900 Of twelve year per cent gold
notes of the Associated Oil Com.
pany, and will offer them later in
the week. The proceeds Of the
bonds viii be used partly for the
erection Of new storage plants.
A syndicate headed by Halsey,
Stuart and Company offered an
issue Of $2,75O.O0O Indiana Electric
Corporation first mortgage 611 per
cent gold bonds. due 1881, at SO
and interest, to yield 6.57 per cent.