davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-01-27
STOCK MARKET SELLING
PRICES AT 100 P. NJ.

NEW YORK Jan. 26.-Iast quo
tations on the stock exchange al
80 p m, today. wcre.-
A. T. and s. /. ............S31s
American Beet Sugar .........45A
American Drug Syndicate ...
american can ...............-9 II
Allis Chalmers .........35b
American Can Foundry ..122
american Locomotive .......s3
Anaconda Copper -......3s
American Smltg. and Rig. Co., 80 a
y. c. w
\. T. and T. ..........g
Baldwin Locomotive ........S9 L
. and .. 900. -.--...- ..-.....- "a y
Bethlehem Steel "B" 5JL
2. II. II. Observation-Disclosures.
Canadian Pacific .I153s
Chill Copper ..1IIs
Cuban Cane Sugar .24ls
Caitforui1 Petroleum .-......."5i u
Central Leather .-..........4O@ 9.
q. and q. Observation-Disclosures.
Corn Products ........11t
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-01-27

Nothing sciH be re-
Serued-nO matter tChGt
the former price may
hare been
You iCiIL neUer find
garments like these sold
at any time under or
binary conditions for
IS, $40, SIS, $50, S25
and S35. Ne otter YOU
the choice of hundreds
of garments at these
prices. Can you afford
10 stay GtCay? ,
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-01-27

Liberty bonds = percentT92.-
$50: second ~ 's-S776: third
"a 5000; fourth ~ 's-ss12;
ffth AZ 's-s7.16.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22
CHICAGO BANK CLOSED :
BY STATE EXAMINERS
Michigan Avenue Trust Com
pany Under Inquiry.

CHICAGO. July 21.-The Michigan Ave-
nue. Trust Company was closed this
morning by State Bank Examiners.
Officials disclaimed any knowledge of
a shortage in the banks accounts. and
said the examination was only routine"
The condition Of the bank June 80
last. according to its statement pub
lished July 6. showed deposits of
$3.713,441.07. Capital stock Ia $500. 900,
surplus $4,000 and undivided profits
S47,070.09. Loans and discounts were
$2.S4s.2o0.s0; stocks and bonds $685.
637.92. and cash and sight exchange
s653.912.05.
Cashier Beutel said he knew no reason
for the action Of the State Bank Elk
aniners.
The bank is situated in the heart of
automobile row" and its depositors in
cluded both managers and mechanics
from many automobile shops. An hour
after the notice of closing was posted.
nearly one hundred depositors. mostly
from nearby garages, were gathered In
front of the institution.
The clearing house committee issued
a statement saying that the closing Of
the bank merely represents an individ-
ual instance Of mismanagement or mis-
fortune, as the facts now being probed
by the State Auditors office will doubt
less disclose" The Michigan Avenue
Bank was not q member OF the clearing
house, the statement added.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22
LACKAWANNA SELLS
IT'S COAL PROPERTIES
Glen Alden Co. the Purchaser
-Cupital Increased.

The Delaware. Lackawanna and West
ern Railroad stockholders formally ap-
proved yesterday the capitalization Of
s46.0o0.o 600 Of the company's 800. ooo, 900
surplus and authorized the sale of Its
coal properties to the Glen Alden Coal
Company for approximately $50. 200. 900
Of the latter's bonds and notes bearing
4 per cent interest.
The contract for the sale of the coal
holdings requires the Glen Alden Com
pany to set up a sinking fund Of $780,
600 a year for the amortization of its
bonds beginning September 1. 1925, and
to be continued until the entire $4,000
600 shall have been paid. In any year
In which moro than 12.000.0 900 tons Of
coal shall be mined from it's property
the coal company must increase the sum
paid to $2.00o.000.
The Delaware, Lackawanna and Vest
ern Coal Company. organized In 1909 to
handle the sale of coal, will not be
merged with the new company. It's ex-
listing contract with the railroad will be
transferred to the Glen Alden Company.
The stock OF the Glen Alden Company,
the coal property of which earned the
TalIfOd0 OVer vO,VOUsVuu Ia 19dVs was
offered to the Lackawanna Railroad
stockholders Of record June is. share for
share at IS share. payment to be made
on or before August 20.
As a result of the stockholders' au-
thorization of the increase in the rail-
roads capital stock It's directors will
meet on Thursday. July %, to declare a
400 per cent. stock dividend on the
$42,277.o00 ($5o par value) outstanding
stock.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22
BANK OF ENGLAND CUTS
DISCOUNT RATE TO 5I-2
Second Reduction in Month
Due to Easier Money.

LONDON, July 21.-The Bank of Eng
land to-day reduced its rate of discount
from s per cent. to 515 per cent. An
nouncement Of the reduction removed
the uncertainty which has been preya-
lent In the money market during the
last few weeks.
The chief factor paving the way 10
the reduction has been cheaper money.
which was brought about by the stag
nation In trade and the imitation Of
credits through government borrowing.
1t had been thought that the adverse
condition Of American exchange and
the unsatisfactory state of the national
finances would prevent reduction for
time. but the rapid easing of money
and tho necessity of assisting trace,
as well as of financing the treasury
through issuance of bonds and treas
ury bills. proved the deciding factors.
Discounts had already eased in antici-
patton of the reduction. and little fur
Their adjustment in them will be neces-
sary.
This was the second reduction Of the
bank rate within a month. The rate
was reduced on June 20 to 6h per
cent. to per cent. The 6h per cent.
rate had prevailed since April %, pre-
vious to which it had stood at per
cent. from April is. 1920.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22
NATIONAL ECONOMY URGED.
Nanny Strauss Shows Opportun nj
ties for Retrenchment.

Nanny Strauss of Hirsch, LilienthaI
& Co., chairman Of the National Budget
Finance Committee. who has Just re-
turned from Washington, where he con-
fered with Gen. Charles G. Dawes,
Director Of the Budget Committee, is
sued yesterday statement on the pos
sibilities of national economy. Mr..
Strauss pointed out that In twelve
years. from 1903 to 1915, Federal ex-
penditures Increased 35 per cent, and
during that period the net cost of gov
erning 140 cities OF more than 10000
population increased more than 40 per
cent.
These same cities. however spent in
1917 and 1913 little over a billion
annually" he said, while in 1919 the
cost amounted to s2.599.717.234. Their
per capita indebtedness has increased
from $66.SS in 1903 to $118 in 1919
When such enormous State expenditures
are added to the Government cost the
total is appalling and the field for
economy methods almost unlimited. The
Government can do what private busi-
ness has been forced by circumstances
to do. No business man likes to re-
trench. No business man likes to break
up his organization and dismiss efficient
employees. But when conditions de-
mand 1t he yields to the inevitable. The
Government can and must do the same"
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22
SHORT LINES ENTER PLEA.
Ask President to Order Recog.
milton of s25, 100000 Claims.

Bird NJ. Robinson. president of the
American Short Line Railroad Associa-
ton, representing SEQ carriers operating
10000 miles of liae in the United States,
will send to tn. President to-day his
written request that the Director-G Gen.
eral OF Railroads be directed to recog-
nize that the short lines were under
Federal control In the first six months
of 1918, AMI that their claims Of $685.
100000 against the Government on ac-
counts arising out OF that period be con-
sidered along with the pending settle
ment of the Glass ! railroad claims.
Mr.. Robinson said yesterday that on
December %. 1877. they received from
the Director-Genera notification that
they were under Federal control. The
Director General in June, 1918. definitely
stated those carriers were not under
Federal control, and has since main
to med that The smaller carriers were at
no time under Federal operation. The
Interstate Commerce Commission has
several times reiterated It's opinion that
the short lines were Government oper-
ated from December %, 1917, to June,
1918, when contro! was relinQuished.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22
FIRST GRAIN CREDIT
TO GERMANY MADE
Initial Syndicate Operation In
U. 8. Is 100000 Ninety
Day Acceptance.
LONDON ADDS fS,000,000
Private Deals Raise Total to
Over Half Of Germans
Grain Credit Needs.
LONDON ADDS ss,oOo,ooo

The first syndicate operation for the
extension Of grain credits to Germany
by American financial Institutions was
contaminated yesterday with the an
nouncement that an acceptance credit for
$s.0o0.00o running for ninety days had
been negotiated. simultaneously word
reached New York that four leading ac-
ceptance houses In London had closed
negotiations for the extension of grain
credit of fs.o0o.oo0 Approximately
15.ooo.ooo) to Germany. Taken with
recent private credit operation of
s5.0o0.000. more than half of Germanys
estimated needs OF $40.00neo0 for grain
credits have been negotiated.
The American syndicate is to be man
aged Jointly by the Bankers Trust Com
pany and the International Acceptance
Bank, Inc. Participating with them are
the following banks and firms: The
New York Trust Company, the National
Bank of Commerce In New York. the
Chase National Bank. the Corn Exchange
Bank. Hallgarten & Co., Goldman. Sachs
& Co.. all of New York; the First Ma
tional Bank and the Old Colony Trust
Company of Boston; the First National
Bank of Chicago. and the Cleveland
Trust Company of Cleveland. Among
tho participants in the British operation
are understood to be the following !:
N. M. Rothschild5 & Sons. Frederick
Huth G. Co., Kleinw orth Sons & Co. and
j. Henry Schroeder & Co.
: The purpose of the English and Amer
lean credits Is the financing of Grain
shipments exclusively. The acceptances
arc believed to be adequately and care
fully secured, a special effort being made
along that line to insure the proper ex-
penditure of the proceeds of the credits
and to establish a principle on which
further negotiations can be based.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22
SHIPPERS ASK RATE CUT.
Argue Before T. c. g. on Missis-
sfppi Valley Revenues.

WASHINGTON. July 2f.-Proposed
freight rates to the Mississippi Valley
will increase revenues of the railroads
the increase proposed az water points
exceeding in volume the reductions
which the carriers would make to points
not on the rivers and gulf. Edgar Moul-
ton. representing shippers at New Or
leans and other Mississippi Valley
points, told the Interstate Commerce
Commission to-day
H. ID. Moore, representing the Louisville
and Nashville Railroad, and II. J. Fer
nandez, representing the shippers at
Lake Charles and Alexandria, supported
the proposed rates on the ground that
depressed rates at water points which
are supposed 70 meet water competition
are discriminatory against interior
points.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22

Sl,221,s49, while decrease OF s644,310
reduced operating expenses to s1s.127.-
Ia1, compared with June. 1920. Taxes
underwent decline of s942.492 to
s1,305.72s.
Gross operating receipts for the first
six months of 1921 totalled s130.24S,364.
compared with s125.561.295 for the same
period OF the preceding year. The latter
figure, however. included s2.235,17l back
mail pay for 1918 and 1917.
Operating expenses in the six months
showed a decrease of only s94,63S, the
total standing at $107.303.949, leaving
railway operating revenue before de-
duction of taxes, OF s22.944,415. Taxes
Of s7.072.6 sos showed a decrease of $780,
600 from tho first half of last year.
Increases In the credit balances for
equipment hire and Joint facility rents
brought the net operating income OF the
road to $1s.s5s,419. against SS,7s6,sbs.
an increase OF s4,562,be1 over the corre-
spending six months Of 1870.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22
COFFEE.

The range Of prices In yesterdays
coffee futures market was as follows:
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22
100000
(Totsl Issue)
Atlas Powder Company

AIldS HOWQer company
Fifeen-Year 71lq6 Convertible Gold Bonds
late Au.Lr T August
interest payable Fdnyi nd August
nc m@ha m nsab. Principal rrsaed
o o a
F Of Norma Federal L a &c Ph T rhn&d
y l N interest vi retire. o. issue by maturity
payable
b cpn from lis kA to VI dated
si h also alage reo eaherd LAC
al
Company ncratea
the thd
1s9s5 mort
o. in the
and Commons tuksof
slz0o00
to hn shows current
nryh #
Earnings hi after depe-
menH OF O. td has beer vaen
paa IN
Conrrao
h shas
/ dividends
ate is
Price o6A andin interest, to 1000
Sc If 81 f. $ s sSss IT, ss sSs!S
Co. The National Company Brown Co.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22

Appeal ON Segregation Plan AS
sured by That Action.

PHILADELPHIA, July 21.-A $3.50, 900
supersedeas bond. required to appeal to
the United States Supreme Court the
decision of the Federal District Court
here in the Reading segregation case.
was fled to-day in court by the Con-
tinental Insurance Company and the
Fidelity-Phnnix Fire Insurance Com
pany, both of New York. The segrega-
ton plan provides that common and
preferred stockholders of the Reading
company share alike in the distribution
Of the stock of the new corporation.
which Is to take over the Philadelphia
and Reading Coal and Iron Company.
Filing of the large bond dissipated
doubts among Reading stockholders that
the appeal would be pressed. Common
stockholders are opposed to that part
of the plan which gives preferred stock
holders an equal share in the proposed
new corporation.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22
EFFINGHAM REACHES PORT.
steamship which struck Rock Arr
rfves at Portland, Ore.

PORTLAND. Ore. July 21.--The steam
ship Efingham OF the European Pacific
lire. which struck the rocky bank OF the
Columbia River at Stella, Wash. last
night, tearing hole in ner bow. ar
rived here to-day under her own steam
with sixteen feet Of water In her for
ward hold.
II had been reported that the Emng-
ham had sunk.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22
LONDON wool MARKET.

LONDON, July 21.-To-day's wool auc-
ton sales, 1928 bales. were offered.
There was a better demand with the
lower bank rate. Prices were unaltered.
The Continent was an active buyer.
The sales will conclude July %.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22

An advertisement IN the Lost and
Found columns Of THE NEW YORK
HERALD offers a real possss<Hty oy
recovering your tost property.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22

100000
ceatraI Maine Power COMPANY

CeatFaI Maine Power Company
First and General Mortgage TO Gold Bonds
Series A. Dated June 1921 Due June4
% sZi during s s s a Dss~ years. 1as B sss sn
z s 1ssss e. g sss Sas u Rs"
e' eaony isa cs sss Boston, 4su.s
Normal Tsx Sf sS . s e':a' ss not as ssas r
pay at he source -
For t shst p 5 ss s bonds srsSa sn
' -
Company comprehensive
ninety cities and and than 800 industrial establishments
Portland Bangor and includes population estimated 10000
The strength eags1 ,o section Tdy known for its
ship developed power control of some
10000 HIP of undeveloped sites located the
aggregate capacity Of HIP
system is " Of
o csaai Maine Po-S E @ Controlled cnpans
oSs.aas Expense.
.si1 ta:luia.
4
Of
prices with franchises.
Wsrsco mnsndu ebendssolr stnsnt
Price esN and Interest, Yielding About 1855
s' sS; ' Ss' VIII aAs ss S about s sf
Harris, Forbes & Co Coffin & Burr, Inc
New York New York
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22
SOUTHERN PACIFIC GAINS.
Income for June s3e8,s07 More
Than Year AGO.

The report OF the Southern Pacific
Company TO the Interstate Commerce
Commission for June shows net oper-
Of sses.ss7 over the corresponding
month of 1920. Gross operating receipts
aggregated s2s,o44,22s, a decrease OF
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-07-22

Subscriptions hauing been received in Of the Of
bonds offered this advertisements appears matter of record
The Birmingham age-herald., 1921-12-03
FLYING SQUADRON MEMBERS AND FRIENDS
 TO PREPARE FIELD

Craftsmen, assemble! Whats your speciality? Wood cutter, ditcher, dig ger water boy? Never mind, get in line alaway, for no matter how rare your gifts may be Tn horticultural or agricultural line, the aviators will find a place for you this afternoon out at Roberts field. Shady Side, which is on the Tide water car line. just short distance west of where the said ear line crosses the Owen ton Ensley line, and adjacent to the Frisco railway, due south of the Thomas furnaces.
 But to wield an ax or pick effect lively one must be properly sus- tained. Hence it is that an army field range, in. the upper works of which Is concealed "chow" caul- dron, may be seen, at an early hour this morning, speeding out to the flying field behind a team of army mules.
 In the cauldron a host of broth- spelling artists are planning to as semble a varied assortment of the most exquisite viainds, and when at mess call--1 o'clock sharp, please the prospective graders, ditchers, for esters and arboriculturists- what's that? what's that?-lay aside the implements of toll with which they are familiarizing themselves, their nostrils will be greeted with the aroma of the most delectable stew that was ever concocted for pam pered doughboys.
 The members of the 135th observa- tion squadron are going out them selves and desire all their friends and well wishers to go out with them this forenoon to the Shadyside fly ing field there to finish the clearing and grading work that was started so vigorously last Saturday.
 The civic organizations will be represented as follows: o. l.. Bum and R. A. Porter for the Chamber of Commerce.; Judge Locke and c. l.. Harold, with a group from the Civic Association, Rotarians, Kiwanians, Civilians, Exchange and Community club men, with Pptimists-a1l op- timists, of course. Altogether the new flying organization is looking forward to a busy. day.
The Birmingham age-herald., 1921-12-03
CIVITAN CLUB PLANS
 FUTURE CIVIC WORK

Z An executive meeting of the Civitan club was held yesterday noon at the usual Friday luncheon at the South ern club, at which time resolution was adopted following the receipt of a letter from H. K. Milner. president of the Alabama state harbor com mission, relative to the seaport amendment, that the Civitan club give it's support to the amendment. The resolution was referred 10 the com mittee on public affairs which will cooperate with the chairman of the Jefferson county committee.
 A resolution was also adopted that the Civitan club cooperate with the Automobile club in indorsing the good roads amendm ent." This reso- lution was adopted following a brief discussion of the amendment by Charles G. Davis, president of the Birmingham Automobile club.
 Suggestions for future civic work to be carried on by the club. which were called for at a recent meeting, were placed before the assemblage yesterday noon. All of the sugges- tions were first referred to the board of directors who presented several of them at the luncheon. Among these were a suggestion that there be es- tablished a White Way" from the terminal station to the post office.
 Better attendance at the weekly luncheon was urged by Reid Lawson. president of the club.
 A collection was taken up among the members for the benfit of the an- ,T.r-ic cfr,,a rn1 hra the children at Mercy home. which will be held this year on Friday. De- cember 23. in the ball room at the Tutwiler hotel
The Birmingham age-herald., 1921-12-03

pacity.
 Birmingham infirmary taken ovar by Birmingham Baptists and to be known as Birmingham Baptist hos pital.
 Money invested in new corpora tions and going concerns in Novem- Der in Jefferson county amounted to $4O3, ,O00, representing 21 new con cerns and increase of capital stock of two old ones.
 Chamber Activities
 Among the chamber activities of November were these
 Plans on foot for raising $20,000 for support of state headquarters or farm bureau for two years ts
 Raised $3.000 to assist in the catn- paign for development of Muscle ST oals,
 Plans formed for organizing the re : tail merchants division of the cham Der on lines of the wholesale mer- chants and manufacturers division.
 Aiding the Birmingham Flying club in raising s3o,oo0 to secure es- tablishment of 135th aero squadron In Birmingham.
 Raising $500 to secure suitable quarters for Company F, Alabama National Guard.
 
 Successful in securing new fast passenger train on the Louisville and Nashville railroad, the Pan-American, beginning next Monday.
 Plans made for organizing profes- sional men of Birmingham in align ment with the chamber
 Annual convention of Southern Sup ply and Machinery Dealers secured for April 24 to 26 next
 Grain inspection department re- ports inspection of 2S6 cars of grain.
 Manufacturers Exhibit
 During the month the chamber it's series of member lunch cons, at which considerable get-to- gether spirit was developed. This re suited in a decided impetus to the plans of General Manager o. l.. Bum for a permanent home owned by the chamber in which a manufacturers exhibit might be installed and guar ters arranged for all the luncheon clubs.
The Birmingham age-herald., 1921-12-03
Big Development Record
 Was Made Ln Nouen1ber
Deeper Warrior Operation of Muscle Shoals Steam Plant-Hosiery Mill Doubles Output-Many Plants at Capacity-C Chamber of Cor
 merce Reports Activities

Among some of the important de- velopments and activities coming to the fore in November the Chamber of Commerce, in it's report for the month, enumerates the following:
 Eight-foot stage of water secured on Warrior river by completion of work of raising locks two feet.
 Steam power plant at Muscle Shoals, tric current, leased by the Alabama Power company, and put in shape for operation.
 Birmingham Water Works com pany completes installation of S500,- 900 worth of pumping machinery at Cahaba river station, capacity IA ,0OO,- GOO gallons a day.
 Farmers Union and American Cot ton association arrange for forn1a- ton of farm marketing associations. under the new law giving them le- gal and busines-like status.
 Doubles Capacity
 Herndon Hosiery Mills. which To- cated here this spring doubles ca pacity.
 Birmingham Paper company starts building of s1OO,OOO paper carton factory.
 City of Birmingham issues 314 building permits calling for $550.000 of sconstruction Among the items are two apartment houses to cost s100.0o0. Birmingham led all cities in southeast and southwest in con struction in October.
 Among plants at 100 per cent ca pacity the chamber mentions Amer ican Radiator works, cement plants and that of the National Cast Iron Pipe company.
 Industrial Operations
 At 75 per cent of capacity are the Birmingham Stove and Range and Stockham Pipe and Fittings com panies.
 Tennessee company continued steel mill operations at 55 per cent and wire mills at 75 per cent. All Ham mcnd- Byrd Iron company interests, including nine sanitary pipe shops, charcoal blast furnace, byproduct and beehive coke ovens and coal mines in operation at and near ca
The Birmingham age-herald., 1921-12-03
---------.s---------------- COLLEGE GLEE CLUB
 IS READY FOR 30

The glee club of Birmingha
 Southern college is fast taking { form of a real musical outfit unt the direction of Prof. o, Cord Erickson and will be ready for tif initial bow of the season when ty appear before the student body shol ly before the Christmas holidays. \
 W. w. Hale. manager of the Fl club, states that two long trips be taken, one through the northI part of the state and the final throi
 the southern section. including Fl sacola, Fla, On the trip. Other slN out-oftown trips will be made alsQ
 The personnel of the glee club lows: First tenors. T. J. Sims, u Walker. w. H. Stansell, R. E. Mod second tenors, J. H. Howell, T. Scrivner, D. N. Issos. P. NJ. Jofs N. D. Powell, Francis White. Edu Branscomb; baritones, c. Myer, B. Bi1brey,' M M. Watkins. G. M. TnI pen, and second basses, ". w. Ha F. D. Haley, R. l. Rowe, c. w. Mil1 R. F, Henry, R. B. Bagley.